Why Your Wallet Feels Lighter & Tracking The Recession
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 3 May 2024
⏱️ 74 minutes
🧾️ Download transcript
Summary
The economy is weaker than advertised. The BLS and other government agencies are no longer even pretending to tell the truth and aren’t ashamed to be colossally wrong as long as the errors help support the idea that things are better than they really are.
Transcript
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| 0:00.0 | Hello, everybody. Chris Martinson here, and today we're going to be talking about finance |
| 0:03.9 | and economics as part of finance you. Remember, anything that you see in this video and all |
| 0:10.2 | resources available at our websites or affiliated websites are not intended as or construed us financial |
| 0:15.8 | advice. This is for educational purposes. Remember, if you have a financial decision, please |
| 0:20.7 | consult a financial |
| 0:21.7 | professional. We are not attorneys. We're not CPAs. We are not financial managers. As well, |
| 0:27.9 | we do our best to be accurate, and everything we represent is as accurate as we know it to be. |
| 0:32.5 | Now, let's turn to our program. Somebody out there became price insensitive and knew that they were going to drive it out |
| 0:40.4 | to all-time highs and create extra competitors for those that are paying attention to those |
| 0:45.1 | things. |
| 0:45.4 | But they saw something in the system, whatever that may be, that made them decide not to wait |
| 0:53.3 | for a potential pullback. |
| 1:03.4 | Hello, everyone, and welcome to this edition of Finance You. |
| 1:06.3 | I am Chris Martinson, your host with Paul Kiker of Kiker Wealth Management. |
| 1:10.0 | Hey, Paul, how are you? |
| 1:11.3 | Hi, Chris. I'm doing well. Good to see you today. Well, later on, we'll talk about the new cows that |
| 1:17.9 | just showed up at our farm, but we're going to talk about finance stuff here today. So lots going on. |
| 1:23.9 | The Fed flapped their gums today, which of course is always means the stocks have to go up, |
| 1:28.5 | but the Fed is working very hard to try and make sure that stocks never go down. |
| 1:33.1 | That seems to be their job. |
| 1:34.4 | That annoys me to no end because that's not their job, but they've taken it on as a surrogate third |
| 1:39.8 | mandate, make sure stocks are always jawboned higher. |
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