Timcast IRL #306 - Biden Inflation Crisis Sparks Panic As CPI Signals Market Crash Coming w/Lee Smith
Timcast IRL
Timcast Media
4.5 • 7.6K Ratings
🗓️ 11 June 2021
⏱️ 131 minutes
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Summary
Tim, Ian, and Lydia host author Lee Smith to examine pending economic disaster sure to spark panic through inflation, mass social conditioning that hints at a great reset, Ben Shapiro's defense of BlackRock purchasing homes out from under ordinary Americans, Chinese interests overlapping with American elites, and natural disaster in California in the form of severe drought, and its implications for the US.
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Transcript
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| 0:00.0 | Hey good news everybody. It's the it's the Biden inflation crisis. Yay consumer price index is up 5% |
| 0:07.0 | Which is higher than Wall Street expected and it means the cost of your goods are going to go way up |
| 0:12.3 | And the best part is it doesn't include fuel and food because |
| 0:16.4 | Bacon is up 19% yeah, that's that should that should bring alarm bells for everybody at the same time |
| 0:22.2 | The story about BlackRock this investment firm buying up all these houses is get it's going viral this Twitter thread |
| 0:28.4 | It's got like 25,000 retweets and I talked about it and Ben Shapiro chimed in in defense of BlackRock and |
| 0:36.8 | Conservatives and leftists and basically everybody was like yo Ben you're wrong on this one |
| 0:41.1 | But we'll take a look at what his argument is because it's it comes from like a freedom libertarian kind of perspective |
| 0:45.6 | I personally disagree with his his perspective and we'll break all that down and we got just a bunch of stuff going on |
| 0:51.9 | Man, California is facing a mega drought. This is going to exacerbate the cost of goods |
| 0:57.3 | So I hope you're ready. They're rationing in California. They're issuing rations now because the water is so low |
| 1:03.0 | It's gonna get bad and it may be worse than the last drought |
| 1:05.5 | So I guess that means you have a kato's a gone and I don't know humans don't eat alfalfa |
| 1:10.4 | But that means your cows won't be in alfalfa. Maybe get corned bed beef |
| 1:13.6 | But I think things are gonna start getting worse because when you have Joe Biden pumping six trillion dollars into the economy with the spending package |
| 1:20.0 | Meanwhile, they're also paying people not to work demand is being artificially increased while supply is being artificially |
| 1:26.6 | Decreased and that is just a recipe for an economic explosion |
| 1:31.4 | Maybe it's on purpose |
| 1:33.0 | Joining us today to talk about all this stuff. We got author Lee Smith of the he wrote the permanent coup |
| 1:38.2 | That's right. How's it going? You want to just do a little brief introduction of yourself? Yeah, well first of all |
| 1:42.1 | It's great to be here. Thanks very much a lot of fun |
| 1:44.9 | Yeah, so I'm an author and that was that's my most recent book the permanent coup and before that I |
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