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Timcast IRL

Timcast IRL #340 - Millions To be EVICTED In Two Days, Biden Inflation Crisis Gets WORSE w/Jack Posobiec

Timcast IRL

Timcast Media

News, Society & Culture

4.57.6K Ratings

🗓️ 29 July 2021

⏱️ 127 minutes

🧾️ Download transcript

Summary

Tim and Lydia host friend, journalist, and commentator Jack Posobiec to break down the looming crisis of the eviction moratorium expiring, Google's authoritarian measures and tracking, the tens of thousands of illegal immigrants being released into the US, the loss of standing in the Olympics, and the response to holding an opinion on Simone Biles.

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Transcript

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0:00.0

Just about two days, the moratorium on evictions will be over.

0:04.0

And every single landlord in this country who has ten and two aren't paying is going to be filing for eviction

0:10.0

and suing for back rent because now they can.

0:13.0

See, a lot of people don't seem to understand how the economy works.

0:17.0

They have this thing in their mind where they think, or this perspective.

0:21.0

Every landlord must own a million buildings.

0:23.0

Every movie must be a Hollywood blockbuster.

0:26.0

Every musician must be a celebrity rockstar, not realizing that the overwhelming majority of this country is small businesses.

0:32.0

Artists who don't make that much money, musicians who don't make that much money.

0:36.0

Small shops that do baked goods or hardware stores.

0:40.0

And landlords who own maybe one or two buildings.

0:43.0

Maybe a landlord owns a three flat.

0:46.0

They live on the top and they rent out the next two.

0:48.0

Well, over the past year, people have been able to live for free.

0:51.0

Some stories are kind of horrifying that even though people were getting unemployment checks, this beautiful COVID unemployment benefit equivalent to about $15,000,000 an hour, they were like, why pay if I don't have to?

1:02.0

And now what, they'll get evicted, but they'll keep all that money, right?

1:05.0

There are a lot of people who probably couldn't pay their rent.

1:08.0

And so they weren't able to.

1:10.0

Well, now there is going to be like a switch being flipped.

1:13.0

If nothing changes right now and the moratorium expires, we are going to see all of the eviction notices go out on the first very likely.

1:20.0

And then by the end of the month, you are going to see millions of people homeless, unless the government intervenes, which they might, because Vildo Bellasio is talking about buying up these buildings.

1:31.0

Now that the property value collapsed, add to this Bidenflation Joe Biden's inflation crisis.

...

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