1 00:00:00,200 --> 00:00:04,760 Speaker 1: Joe Biden's America just got even worse inflation through the roof. 2 00:00:04,840 --> 00:00:07,280 Speaker 1: The price you're paying for gas today is the highest 3 00:00:07,320 --> 00:00:11,360 Speaker 1: in history again, whether it's diesel or unleaded. And now 4 00:00:11,360 --> 00:00:15,040 Speaker 1: it is official that Nazdak has seen the worst month 5 00:00:15,280 --> 00:00:20,040 Speaker 1: since two thousand and eight. As companies are putting out 6 00:00:20,120 --> 00:00:25,400 Speaker 1: disappointing earnings. This also coming as they're trying to distract 7 00:00:25,440 --> 00:00:28,000 Speaker 1: you at the White House with what they now say 8 00:00:28,120 --> 00:00:31,720 Speaker 1: is good news. You're ready for this. US has now 9 00:00:31,800 --> 00:00:37,520 Speaker 1: authorized COVID nineteen vaccine booster shots for kids ages five 10 00:00:37,640 --> 00:00:40,440 Speaker 1: to eleven. What is the next step They want you 11 00:00:40,479 --> 00:00:43,239 Speaker 1: to be excited to see, DC under doctor Fauci is 12 00:00:43,280 --> 00:00:47,040 Speaker 1: now going to give their recommendation, We're being told later 13 00:00:47,120 --> 00:00:50,360 Speaker 1: this week. So because line your kids up and get 14 00:00:50,400 --> 00:00:55,240 Speaker 1: them vaccinated and boosted, because apparently they are still in 15 00:00:55,320 --> 00:00:58,640 Speaker 1: control of everything you do in your life when it 16 00:00:58,640 --> 00:01:00,840 Speaker 1: comes to COVID. I'll have more on that in a moment, 17 00:01:01,080 --> 00:01:02,680 Speaker 1: but first let me tell you real quick about my 18 00:01:02,680 --> 00:01:05,240 Speaker 1: good friends ever at Legacy Precious Metals. You've seen what's 19 00:01:05,240 --> 00:01:08,520 Speaker 1: going on the economy and the stock market and inflation. 20 00:01:08,600 --> 00:01:11,960 Speaker 1: It's just ridiculous. Now, what's going on. So the question 21 00:01:12,120 --> 00:01:18,000 Speaker 1: is are you diversified? Are you prepared to weather this storm? Well? 22 00:01:18,000 --> 00:01:21,680 Speaker 1: Do you have any investments in gold and silver precious metals? 23 00:01:22,000 --> 00:01:24,680 Speaker 1: Did you know that gold and silver is actually used 24 00:01:24,720 --> 00:01:29,160 Speaker 1: as a head against inflation. It is to diversify you 25 00:01:29,400 --> 00:01:32,679 Speaker 1: so that when they're all terrible days and now weeks 26 00:01:32,680 --> 00:01:36,480 Speaker 1: and months on Wall Street, that your assets are diversified 27 00:01:36,920 --> 00:01:39,640 Speaker 1: so that they are not affected in such a negative way. 28 00:01:40,360 --> 00:01:43,360 Speaker 1: If you are not investing in gold and silver, now 29 00:01:43,480 --> 00:01:46,280 Speaker 1: is the time to look at Legacy Precious Metals. Call 30 00:01:46,360 --> 00:01:49,520 Speaker 1: them and they will send you a free investor's guide 31 00:01:49,960 --> 00:01:51,840 Speaker 1: so that you can see what you can do with 32 00:01:51,960 --> 00:01:54,600 Speaker 1: your retirement. You're four one k your IRA with gold 33 00:01:54,720 --> 00:01:58,560 Speaker 1: and silver the company that I use and I trust 34 00:01:58,800 --> 00:02:03,320 Speaker 1: one eight six six seven five one twenty two eighteen 35 00:02:03,720 --> 00:02:09,040 Speaker 1: one eight six six seven five one twenty two eighteen 36 00:02:09,160 --> 00:02:13,679 Speaker 1: or online at Legacy PM investments dot com. Also a 37 00:02:13,760 --> 00:02:16,440 Speaker 1: quick reminder, please make sure you hit the share button 38 00:02:16,760 --> 00:02:19,919 Speaker 1: share a podcast and hit that subscriber auto download buttons 39 00:02:19,919 --> 00:02:23,160 Speaker 1: so you get this podcast every day for free. Now 40 00:02:23,480 --> 00:02:26,200 Speaker 1: Here is how the world is now reacting to the 41 00:02:26,360 --> 00:02:29,560 Speaker 1: NASDAC seeing the worst month since two thousand and eight. 42 00:02:29,560 --> 00:02:32,240 Speaker 1: When the housing crisis happened. Listen to this, and being 43 00:02:32,480 --> 00:02:34,680 Speaker 1: into the summer months now, the NAZDAC just had it's 44 00:02:34,720 --> 00:02:38,080 Speaker 1: worth worst month since October two thousand and eight, plunging 45 00:02:38,200 --> 00:02:42,200 Speaker 1: thirteen point three percent. Big tech earnings have fueled the bearishes, 46 00:02:42,400 --> 00:02:47,840 Speaker 1: most notably act disappointing quarter from Amazon. Julie, this was wow, 47 00:02:48,000 --> 00:02:50,400 Speaker 1: what a month for April, and of course you had 48 00:02:50,400 --> 00:02:52,359 Speaker 1: the Amazon earnings later in the month, really putting in 49 00:02:52,400 --> 00:02:55,160 Speaker 1: a button on this performance for the NAZAC. But it's 50 00:02:55,160 --> 00:02:57,560 Speaker 1: not just Amazon earnings. Really, this has been happening. It 51 00:02:57,639 --> 00:03:01,919 Speaker 1: happened throughout April, where disappointing tech earnings of course Netflix 52 00:03:01,960 --> 00:03:04,720 Speaker 1: as well, concerns about rising interest rates. You put all 53 00:03:04,720 --> 00:03:06,760 Speaker 1: these things together, you want to get a disastrous month, 54 00:03:06,840 --> 00:03:09,679 Speaker 1: like the Nazak just said. And it's not just the 55 00:03:09,760 --> 00:03:12,040 Speaker 1: Nazak that we should point out. It was actually pretty 56 00:03:12,040 --> 00:03:14,639 Speaker 1: broad based selling over the past month. Take a look 57 00:03:14,639 --> 00:03:18,839 Speaker 1: at theho Finance interactive here at the DAO off very 58 00:03:18,880 --> 00:03:21,520 Speaker 1: sharply over the past month. The S and P five 59 00:03:21,600 --> 00:03:24,760 Speaker 1: hundred town about ten percent on the month, and then 60 00:03:24,800 --> 00:03:27,120 Speaker 1: you had that disastrous performance for the Nazak, which to 61 00:03:27,200 --> 00:03:29,600 Speaker 1: be sure, was worse than the others, but it was 62 00:03:29,639 --> 00:03:31,680 Speaker 1: pretty bad for all three. Let's sit a little bit, 63 00:03:32,400 --> 00:03:36,120 Speaker 1: you know that they keep saying the word disaster, disaster. 64 00:03:36,680 --> 00:03:39,080 Speaker 1: Now Ben BURNANKI has also come out and he said 65 00:03:39,160 --> 00:03:44,280 Speaker 1: that Biden's economy right, Biden's America, Biden inflation is totally 66 00:03:44,320 --> 00:03:47,520 Speaker 1: out of control. Ben Bernanky, by the way, who helped 67 00:03:47,560 --> 00:03:50,480 Speaker 1: the US recover after the two thousand and eight crash, 68 00:03:50,680 --> 00:03:54,480 Speaker 1: now sees what he refers to his huge warning signs 69 00:03:54,600 --> 00:03:59,800 Speaker 1: on inflation, stagflation as well as student debt. Now, the 70 00:04:00,040 --> 00:04:03,080 Speaker 1: former Federal Reserve chairman has come out and warned of 71 00:04:03,120 --> 00:04:06,560 Speaker 1: what's coming in America if we stay on the same path. 72 00:04:07,120 --> 00:04:09,920 Speaker 1: He said, the US Central banks decision to delay its 73 00:04:09,960 --> 00:04:13,760 Speaker 1: response to the hyest inflation rate rates in four decades 74 00:04:13,880 --> 00:04:17,600 Speaker 1: quote was a mistake. Bernanke, who served two terms as 75 00:04:17,680 --> 00:04:21,080 Speaker 1: chair the Federal Reserve during the Bush and Obama administrations, 76 00:04:21,080 --> 00:04:24,279 Speaker 1: a non political guy, many would argue, help guide the 77 00:04:24,320 --> 00:04:27,599 Speaker 1: country through that O eight financial crash, another time in 78 00:04:27,600 --> 00:04:30,880 Speaker 1: which the Central Bank played an outsize role in trying 79 00:04:30,880 --> 00:04:35,880 Speaker 1: to help the economy recover. Speaking to CNBC, Bernanke said 80 00:04:35,920 --> 00:04:38,919 Speaker 1: that while he understands the reasons behind the Fed's delayed 81 00:04:39,000 --> 00:04:42,440 Speaker 1: response it was still a mistake, saying they should have 82 00:04:42,440 --> 00:04:45,479 Speaker 1: acted sooner to help bring down inflation rates that rose 83 00:04:45,520 --> 00:04:48,360 Speaker 1: as high as eight point five percent year over year 84 00:04:48,400 --> 00:04:52,440 Speaker 1: in April. Why did they delay the response? I think 85 00:04:52,480 --> 00:04:55,479 Speaker 1: in retrospect, yes, it was a mistake, Bernanke said, And 86 00:04:55,560 --> 00:04:58,800 Speaker 1: I think they agree it was a mistake. Brenik said. 87 00:04:58,800 --> 00:05:01,320 Speaker 1: The FED avoided taking more immediate action out of fears 88 00:05:01,360 --> 00:05:04,840 Speaker 1: that it would shock the market. Throughout twenty twenty one, 89 00:05:04,920 --> 00:05:08,560 Speaker 1: while inflation rates were steadily rising, Much of the public 90 00:05:08,600 --> 00:05:11,120 Speaker 1: response to the FED was based around a belief that 91 00:05:11,200 --> 00:05:15,839 Speaker 1: the rising rates were transitory. They were not. Powell got 92 00:05:15,839 --> 00:05:17,840 Speaker 1: it wrong, the White House got it wrong, and they 93 00:05:17,839 --> 00:05:21,520 Speaker 1: described it at the time as, Oh, don't worry about it. 94 00:05:21,520 --> 00:05:23,400 Speaker 1: It's not going to be a big issue, not enough 95 00:05:23,440 --> 00:05:26,000 Speaker 1: to leave a quote permanent mark in the form of 96 00:05:26,080 --> 00:05:29,880 Speaker 1: higher inflation. That's how wrong Poll and the White House were. 97 00:05:31,080 --> 00:05:34,480 Speaker 1: It wasn't until December of last year that Powe and 98 00:05:34,520 --> 00:05:38,119 Speaker 1: the Treasury Secretary Janet Yellen, the same woman who last 99 00:05:38,120 --> 00:05:41,640 Speaker 1: week talking about the economy, said it's important we have abortion, 100 00:05:41,720 --> 00:05:45,800 Speaker 1: otherwise it could actually affect debt in this country and 101 00:05:46,000 --> 00:05:49,200 Speaker 1: inflation and the job market not a joke. That's what 102 00:05:49,320 --> 00:05:52,200 Speaker 1: Janet Yellen, the Treasury Secretary, said, as she advocated for 103 00:05:52,240 --> 00:05:55,920 Speaker 1: abortion on demand and for companies provide for travel for 104 00:05:56,040 --> 00:05:58,440 Speaker 1: you to get an abortion if rov Wait is struck down. 105 00:05:58,520 --> 00:06:04,880 Speaker 1: That's how unfocused the Treasury Secretary is right now, she said, 106 00:06:05,000 --> 00:06:08,839 Speaker 1: And again there was time to retire the transitory label 107 00:06:08,880 --> 00:06:12,440 Speaker 1: and began talking more impactfully about the measures that they 108 00:06:12,480 --> 00:06:15,480 Speaker 1: needed to take to limit the rise. It wasn't until 109 00:06:15,520 --> 00:06:18,240 Speaker 1: December of last year they even noticed it or admitted it. Now, 110 00:06:18,560 --> 00:06:20,760 Speaker 1: one other part about this that again I go back to, 111 00:06:21,200 --> 00:06:23,120 Speaker 1: this is what happens when you get a bunch of 112 00:06:23,160 --> 00:06:26,800 Speaker 1: activists and jobs where you shouldn't be an activist. Burnanki 113 00:06:26,960 --> 00:06:29,200 Speaker 1: was not an activist. The fact that you have the 114 00:06:29,200 --> 00:06:34,240 Speaker 1: Treasury Secretary testifying and talking about how important abortion is 115 00:06:34,600 --> 00:06:36,880 Speaker 1: in a time when we're dealing with out of control 116 00:06:36,920 --> 00:06:40,720 Speaker 1: inflation should really tell you a lot about the problems 117 00:06:40,720 --> 00:06:44,440 Speaker 1: we're having in this country. Which brings me to Secretary 118 00:06:44,480 --> 00:06:48,000 Speaker 1: of Transportation, the same guy that took that two months 119 00:06:48,040 --> 00:06:51,640 Speaker 1: maternity leave while we were having a crisis with transportation 120 00:06:51,800 --> 00:06:54,800 Speaker 1: in this country and a crisis at our ports. Well, 121 00:06:54,839 --> 00:06:58,040 Speaker 1: they've had enough of him at CNBC. CNBC, which is 122 00:06:58,080 --> 00:07:01,400 Speaker 1: pretty liberal day in and day out, finally had enough 123 00:07:01,480 --> 00:07:05,919 Speaker 1: of the propaganda coming for the Transportation Secretary, and CNBC 124 00:07:06,120 --> 00:07:09,560 Speaker 1: actually called out Secretary but a judge for talking about 125 00:07:09,600 --> 00:07:12,800 Speaker 1: the GOP saying, quote, that's not how we're going to 126 00:07:12,840 --> 00:07:17,200 Speaker 1: solve inflation, blaming somebody else who's not in charge. Take 127 00:07:17,240 --> 00:07:19,920 Speaker 1: a listen and look, I've talked about how you could 128 00:07:20,000 --> 00:07:22,840 Speaker 1: raise corporate taxes from where they are today, so we're 129 00:07:22,880 --> 00:07:26,960 Speaker 1: not so far off here. But do you not agree 130 00:07:27,000 --> 00:07:29,600 Speaker 1: that these are two different issues, Meaning if you change 131 00:07:29,640 --> 00:07:32,560 Speaker 1: corporate taxes, yes, in the immediate term, maybe we'll have 132 00:07:32,600 --> 00:07:35,960 Speaker 1: some impact on inflation, but it's a corporate tax is 133 00:07:36,000 --> 00:07:37,840 Speaker 1: a long term issue. You either deal with it because 134 00:07:37,840 --> 00:07:39,320 Speaker 1: you think it's the right thing to do, or it's 135 00:07:39,320 --> 00:07:41,000 Speaker 1: the wrong thing to do, not because you're trying to 136 00:07:41,040 --> 00:07:44,720 Speaker 1: deal with inflation. Right this second week, a lot of 137 00:07:44,800 --> 00:07:47,320 Speaker 1: is what you're going to do with the revenue. And 138 00:07:47,360 --> 00:07:50,400 Speaker 1: again we have an agenda to use tax revenue on 139 00:07:50,520 --> 00:07:53,800 Speaker 1: things that are going to ease inflationary pressures. But also 140 00:07:54,000 --> 00:07:55,960 Speaker 1: we have a very clear contrast right now, right you 141 00:07:56,240 --> 00:07:59,720 Speaker 1: have Senate Republican proposals that are about raising taxes on 142 00:07:59,760 --> 00:08:01,880 Speaker 1: the poor in the middle class, And you have the 143 00:08:01,880 --> 00:08:04,640 Speaker 1: president's worldview, which is shared by the majority of Americans, 144 00:08:04,960 --> 00:08:07,360 Speaker 1: that if anybody needs to be caring more the load 145 00:08:07,480 --> 00:08:10,480 Speaker 1: right now, it is the wealthiest and corporations that have 146 00:08:10,520 --> 00:08:15,240 Speaker 1: become extremely profitable, by the way often you well hold 147 00:08:15,240 --> 00:08:18,840 Speaker 1: on this is really important that have invoked inflation as 148 00:08:18,840 --> 00:08:21,320 Speaker 1: an excuse to keep prices high in ways that are 149 00:08:21,400 --> 00:08:24,960 Speaker 1: not just I love this. That's not how you're going 150 00:08:25,000 --> 00:08:27,560 Speaker 1: to solve inflation. Trying to talk about the other guys. 151 00:08:28,600 --> 00:08:30,800 Speaker 1: He's sitting there saying, well, you know, let's look at 152 00:08:30,800 --> 00:08:35,080 Speaker 1: the Republicans and then saying cent republicans proposals are about 153 00:08:35,160 --> 00:08:37,200 Speaker 1: raising taxes on the poor in the middle class, which 154 00:08:37,200 --> 00:08:40,960 Speaker 1: by the way, is not their proposal, And you have 155 00:08:41,040 --> 00:08:43,360 Speaker 1: the president's worldview. So now we're talking about world views 156 00:08:43,360 --> 00:08:47,520 Speaker 1: which is shared by the majority of Americans that if 157 00:08:47,559 --> 00:08:49,600 Speaker 1: anybody needs to be carrying more of the load right now, 158 00:08:49,640 --> 00:08:53,040 Speaker 1: it's so wealthy, it's incorporations that have become extremely profitable. 159 00:08:53,080 --> 00:08:57,080 Speaker 1: By the way, you hear CNBC say, but that's not 160 00:08:57,200 --> 00:09:02,200 Speaker 1: how you're going to solve inflation. This is how out 161 00:09:02,200 --> 00:09:05,440 Speaker 1: of touch with reality they are at this White House 162 00:09:05,480 --> 00:09:08,000 Speaker 1: when it comes to the economy. Right now, this is 163 00:09:08,000 --> 00:09:11,119 Speaker 1: how bad it is. I go back to the Treasury Secretary. 164 00:09:11,440 --> 00:09:15,480 Speaker 1: Treasury Secretary Janet Yellen. This is a woman that's been 165 00:09:15,520 --> 00:09:18,960 Speaker 1: around for a long time doing this. She is now 166 00:09:19,080 --> 00:09:24,800 Speaker 1: more focused on abortion than anything else. In fact, Jennet 167 00:09:24,840 --> 00:09:27,280 Speaker 1: Yellen also said we need to be careful about complete 168 00:09:27,320 --> 00:09:31,120 Speaker 1: euban on Russian oil, saying we got to be careful 169 00:09:31,160 --> 00:09:33,960 Speaker 1: because she knows that in America we're not producing enough 170 00:09:33,960 --> 00:09:38,680 Speaker 1: oil to protect ourselves. Europe clearly needs to reduce its 171 00:09:39,160 --> 00:09:44,120 Speaker 1: dependence on Russia with respect to energy, but we need 172 00:09:44,200 --> 00:09:49,160 Speaker 1: to be careful when we think about a complete European 173 00:09:49,280 --> 00:09:55,720 Speaker 1: ban on sea oil imports. That would clearly raise global 174 00:09:55,800 --> 00:10:00,000 Speaker 1: oil prices. It would have a damaging impact on Europe 175 00:10:00,120 --> 00:10:04,840 Speaker 1: and on other parts of the world, and counterintuitively, it 176 00:10:05,280 --> 00:10:11,400 Speaker 1: could actually have very little negative impact on Russia's little 177 00:10:11,440 --> 00:10:13,840 Speaker 1: impact on Russian Now, why she's saying that because she 178 00:10:13,960 --> 00:10:16,920 Speaker 1: understands that America is not energy independent. We're not doing 179 00:10:16,960 --> 00:10:20,120 Speaker 1: anything to make us more energy independent, even though we 180 00:10:20,200 --> 00:10:24,160 Speaker 1: know exactly what's going on right now. You know, Janet 181 00:10:24,200 --> 00:10:27,240 Speaker 1: Yellen comes out and she's sitting there, She's talking about, Hey, 182 00:10:27,320 --> 00:10:29,320 Speaker 1: I know we're likely to see another year in which 183 00:10:29,360 --> 00:10:33,000 Speaker 1: twelve month inflation numbers remain high. She also dropped that 184 00:10:33,160 --> 00:10:35,880 Speaker 1: bomb this week about this from the White House. I 185 00:10:35,920 --> 00:10:40,000 Speaker 1: don't want to make a prediction exactly as to what's 186 00:10:40,040 --> 00:10:43,080 Speaker 1: going to happen in the second half of the year. 187 00:10:43,640 --> 00:10:46,800 Speaker 1: You know, we're likely to see another year in which 188 00:10:46,920 --> 00:10:52,480 Speaker 1: twelve month inflation numbers remain very, uncomfortably high. So, in 189 00:10:52,520 --> 00:10:54,800 Speaker 1: other words, Janet Yellen's telling you we got a disaster 190 00:10:54,880 --> 00:10:58,760 Speaker 1: on our hands. We weren't paying attention. Right, there's the 191 00:10:59,040 --> 00:11:02,400 Speaker 1: and yet when she says we have all these problems, 192 00:11:02,400 --> 00:11:06,240 Speaker 1: she also says that there is no change in Biden's 193 00:11:06,320 --> 00:11:10,479 Speaker 1: anti energy policies. So we're gonna stick with us indoctrination 194 00:11:10,880 --> 00:11:14,000 Speaker 1: that if you do not stand with us, we will 195 00:11:14,040 --> 00:11:17,560 Speaker 1: punish you. You better get on a bus, you better 196 00:11:17,600 --> 00:11:20,440 Speaker 1: get a bike, you better get a hybrid, You better 197 00:11:20,480 --> 00:11:24,520 Speaker 1: become energy independent or from oil and gas. Right, you 198 00:11:24,600 --> 00:11:27,040 Speaker 1: gotta have solar, you gotta have all these other things. 199 00:11:27,880 --> 00:11:30,640 Speaker 1: And we are not changing our stance on our anti 200 00:11:30,760 --> 00:11:33,840 Speaker 1: energy policies, is what the Treasury Secretary said. Oh, by 201 00:11:33,880 --> 00:11:37,520 Speaker 1: the way, she's had enough time. While all this is happening, 202 00:11:37,559 --> 00:11:40,119 Speaker 1: and they were asleep at the wheel literally on inflation, 203 00:11:40,679 --> 00:11:44,600 Speaker 1: as Bernanke put it, to advocate for abortion on demand, 204 00:11:44,679 --> 00:11:47,160 Speaker 1: because that's what the Treasury Secretary should be talking about 205 00:11:47,480 --> 00:11:50,960 Speaker 1: while we are in the midst of a major crisis 206 00:11:51,000 --> 00:11:54,760 Speaker 1: of inflation, Biden inflation in the United States of America. 207 00:11:55,120 --> 00:11:59,160 Speaker 1: Secretary Janet Yellen also had to take commands from the 208 00:11:59,200 --> 00:12:02,480 Speaker 1: propagandist at the White House. This is who she works for, 209 00:12:03,080 --> 00:12:06,040 Speaker 1: and the Treasury Secretary understands those commands to the point 210 00:12:06,040 --> 00:12:10,000 Speaker 1: where she actually after warning not to shut off buying 211 00:12:10,120 --> 00:12:13,800 Speaker 1: oil would have catastrophic consequences of countries like Hungry and 212 00:12:13,920 --> 00:12:16,920 Speaker 1: others if you just shut down all the oil coming 213 00:12:16,960 --> 00:12:20,280 Speaker 1: out of Russia, because they haven't prepared for energy independence either. 214 00:12:21,240 --> 00:12:24,120 Speaker 1: She also says, in this country, knowing how big of 215 00:12:24,160 --> 00:12:28,040 Speaker 1: a problem of energy independence is, that the Biden administration 216 00:12:28,360 --> 00:12:32,600 Speaker 1: has no change in their anti energy policies, and I 217 00:12:32,600 --> 00:12:35,680 Speaker 1: guess she's proud of it. Energy is the big topic, 218 00:12:35,840 --> 00:12:39,160 Speaker 1: and I want to understand from you how you reconcile 219 00:12:39,760 --> 00:12:44,760 Speaker 1: with what clearly is a shift in posture around energy 220 00:12:44,840 --> 00:12:47,120 Speaker 1: and fossil fuels. By the way, I want to say this, 221 00:12:47,559 --> 00:12:51,720 Speaker 1: I understand I'm okay with protecting our environment, I really am. 222 00:12:52,280 --> 00:12:56,200 Speaker 1: I'm okay with people with new innovations. I got a 223 00:12:56,200 --> 00:12:58,439 Speaker 1: neighbor that just got a new electric truck. The thing 224 00:12:58,559 --> 00:13:00,679 Speaker 1: is awesome. Now we have no idea how it's going 225 00:13:00,720 --> 00:13:03,240 Speaker 1: to work down the road, but at least right now, 226 00:13:03,320 --> 00:13:06,560 Speaker 1: it is genuinely pretty cool, all right, And I really 227 00:13:06,559 --> 00:13:08,640 Speaker 1: do I believe that it is cool. I like it. 228 00:13:09,320 --> 00:13:13,400 Speaker 1: But the odd that we should be sacrificing our energy 229 00:13:13,400 --> 00:13:17,400 Speaker 1: independence and putting money in the hands of those in Russia, 230 00:13:17,480 --> 00:13:18,959 Speaker 1: and putting money in the hands of those in the 231 00:13:19,000 --> 00:13:21,800 Speaker 1: Middle East, and putting the world at risk and the 232 00:13:21,840 --> 00:13:24,679 Speaker 1: EU at risk and other smaller countries at risk from 233 00:13:24,720 --> 00:13:29,000 Speaker 1: being attacked over by Russia right now for the sake 234 00:13:29,040 --> 00:13:33,160 Speaker 1: of green and alternative agenda is insanity. And the majority 235 00:13:33,160 --> 00:13:36,559 Speaker 1: of Americans, by the way, agree with me. This doesn't 236 00:13:36,600 --> 00:13:39,079 Speaker 1: make good sense. And that's what CNBC has asked you, 237 00:13:39,240 --> 00:13:42,280 Speaker 1: Like Cook, we understand it in general and principle, clearly 238 00:13:42,320 --> 00:13:46,760 Speaker 1: moving in a direction of being energy and responsible. Right 239 00:13:47,040 --> 00:13:50,119 Speaker 1: I'm I don't want to trash the world or the environment, 240 00:13:50,760 --> 00:13:52,480 Speaker 1: But at the same time, I'm not going to shoot 241 00:13:52,480 --> 00:13:55,560 Speaker 1: myself in the foot to accomplish something that is in 242 00:13:55,600 --> 00:13:59,640 Speaker 1: fact destroying the world and destroying vibes with what we're 243 00:13:59,679 --> 00:14:02,160 Speaker 1: witness thing and U craate in other parts around the world, 244 00:14:02,280 --> 00:14:06,680 Speaker 1: and also making our enemies richer like China. Well, the 245 00:14:06,880 --> 00:14:10,520 Speaker 1: climate goals are very important and there's no change in 246 00:14:10,640 --> 00:14:15,200 Speaker 1: that if anything. Okay, So you have inflation, you have 247 00:14:15,240 --> 00:14:17,640 Speaker 1: the highest price of gas we've ever seen the history 248 00:14:17,679 --> 00:14:21,000 Speaker 1: of anyone's lifetime in the United States of America. You 249 00:14:21,120 --> 00:14:24,480 Speaker 1: have world superpowers that are gaining on America. You have 250 00:14:24,640 --> 00:14:29,560 Speaker 1: US in trillions and trillions of dollars. You have Americans 251 00:14:29,560 --> 00:14:33,200 Speaker 1: that are suffering that need relief. You have a financial 252 00:14:33,240 --> 00:14:37,040 Speaker 1: crisis that is clearly growing with inflation that you just 253 00:14:37,080 --> 00:14:39,160 Speaker 1: told us is going to be around for well over 254 00:14:39,240 --> 00:14:42,720 Speaker 1: the next twelve months. And when you're asked about the 255 00:14:42,800 --> 00:14:47,240 Speaker 1: US announcing sanctions, and you're asked about what's happening in Europe, 256 00:14:47,440 --> 00:14:51,360 Speaker 1: and when you're asked about what Americans relief is coming, 257 00:14:51,520 --> 00:14:54,720 Speaker 1: you say that your top priority now is steel, your 258 00:14:54,840 --> 00:14:58,840 Speaker 1: green alternative energy, and that that has not changed. So 259 00:14:58,880 --> 00:15:01,960 Speaker 1: in the face of all I just mentioned, you guys 260 00:15:02,000 --> 00:15:05,600 Speaker 1: are refusing to change because you're a bunch of psychopaths. 261 00:15:05,600 --> 00:15:07,840 Speaker 1: That are obsessed with I would argue destroying the United 262 00:15:07,800 --> 00:15:10,240 Speaker 1: it's of American turning us into a communist country. And 263 00:15:10,280 --> 00:15:12,920 Speaker 1: the only way to accomplish that is that the majority 264 00:15:12,960 --> 00:15:15,880 Speaker 1: of the American population is in fact suffering and weak, 265 00:15:15,920 --> 00:15:18,360 Speaker 1: and you say, we are the government, we are here 266 00:15:18,400 --> 00:15:21,280 Speaker 1: to save you. You got to understand there was no 267 00:15:21,480 --> 00:15:25,400 Speaker 1: chance that communism was looked at or this type of 268 00:15:25,440 --> 00:15:28,400 Speaker 1: government action was looked at, when Donald Trump was present. 269 00:15:28,440 --> 00:15:36,640 Speaker 1: Why because when Americans, when families black, white, liberal, conservative, rich, 270 00:15:37,040 --> 00:15:40,760 Speaker 1: middle class and even poor, are actually able to pay 271 00:15:40,800 --> 00:15:44,840 Speaker 1: their bills and they are making a decent living and 272 00:15:44,920 --> 00:15:47,880 Speaker 1: the costs of goods and services are low and the 273 00:15:47,920 --> 00:15:52,240 Speaker 1: interest rates are low, people can actually experience independence from 274 00:15:53,080 --> 00:15:57,320 Speaker 1: the government. They can experience success of being able to 275 00:15:57,360 --> 00:15:59,440 Speaker 1: stand on their own two feet. And that was the 276 00:15:59,480 --> 00:16:04,120 Speaker 1: biggest threat to the Democratic Party. The Democratic Party has 277 00:16:04,160 --> 00:16:06,840 Speaker 1: to have people that they look like, look at as 278 00:16:06,880 --> 00:16:13,960 Speaker 1: modern day slaves where they cannot survive without them. They 279 00:16:14,040 --> 00:16:18,560 Speaker 1: desperately need tens of millions of American families to be 280 00:16:18,600 --> 00:16:21,560 Speaker 1: reliant on them for food and water and shelter and 281 00:16:21,680 --> 00:16:26,240 Speaker 1: gas and the internet and cell phones, right basic necessities. 282 00:16:26,720 --> 00:16:32,680 Speaker 1: They desperately need Americans to be dependent on them. That's 283 00:16:32,680 --> 00:16:34,320 Speaker 1: one of the reasons why they were so afraid of 284 00:16:34,360 --> 00:16:37,880 Speaker 1: Donald Trump. Donald Trump had the lowest unemployment rate ever 285 00:16:38,080 --> 00:16:43,120 Speaker 1: in history for African Americans, for Asian Americans, for Hispanic Americans. 286 00:16:43,600 --> 00:16:47,840 Speaker 1: That meant that the Democratic Party lost power because they 287 00:16:47,920 --> 00:16:53,080 Speaker 1: couldn't hold people, They couldn't hold them hostage in living 288 00:16:53,160 --> 00:16:56,920 Speaker 1: in poverty. You know, I'll give you another example of 289 00:16:57,000 --> 00:17:02,200 Speaker 1: just the disaster that is this administration. The GOP representative 290 00:17:02,240 --> 00:17:07,240 Speaker 1: who showed the baby formula stocked at the border for 291 00:17:07,280 --> 00:17:12,040 Speaker 1: illegal immigrants has now been attacked by all of those 292 00:17:12,080 --> 00:17:15,199 Speaker 1: on the left, and now they've said she is a liar. 293 00:17:15,920 --> 00:17:20,160 Speaker 1: Guess what. She's now been backed up by the facts. 294 00:17:21,400 --> 00:17:26,480 Speaker 1: In fact, Representative camac a Republican who called the Transportation 295 00:17:26,680 --> 00:17:30,280 Speaker 1: Transportation Secretary Mayor Pete a liar for claiming the Biden 296 00:17:30,280 --> 00:17:33,800 Speaker 1: administration had acted from day one after the recall a 297 00:17:33,880 --> 00:17:39,240 Speaker 1: baby formula. On Sunday, Mayor Pete lyed on Face the Nation, saying, quote, 298 00:17:39,240 --> 00:17:42,000 Speaker 1: the administration acted from day one after the recall, taking 299 00:17:42,040 --> 00:17:45,280 Speaker 1: steps like creating more flexibility for the WIG program to 300 00:17:45,320 --> 00:17:49,640 Speaker 1: help rebalance the availability of formula in the States. Now, 301 00:17:49,680 --> 00:17:51,720 Speaker 1: if you go to Mexico right now, and you can 302 00:17:52,520 --> 00:17:54,560 Speaker 1: if you're down there. The pictures have been going viral. 303 00:17:54,640 --> 00:17:59,479 Speaker 1: They have the shelf stocked with baby formula. As I 304 00:18:00,119 --> 00:18:02,960 Speaker 1: was talking about him, you know, going to speak at 305 00:18:02,960 --> 00:18:07,080 Speaker 1: this conference. It's so important in Budapest and hungry on freedom. 306 00:18:08,440 --> 00:18:10,760 Speaker 1: Their grocery shelves. One of my friends that just got 307 00:18:10,760 --> 00:18:13,960 Speaker 1: there sent me a picture stacked, not a single thing 308 00:18:14,040 --> 00:18:17,959 Speaker 1: missing from their shelves. They're next to Ukraine with all 309 00:18:17,960 --> 00:18:21,520 Speaker 1: this going on, They've got baby formula. How is it 310 00:18:21,600 --> 00:18:25,960 Speaker 1: that we only have a problem in the US, because again, 311 00:18:26,080 --> 00:18:27,800 Speaker 1: you guys are sleep at the wheel. You're the same 312 00:18:27,840 --> 00:18:29,399 Speaker 1: people that were sleeping the wheel when we had the 313 00:18:29,440 --> 00:18:32,920 Speaker 1: problems in reports before Christmas because you were on maternity 314 00:18:32,960 --> 00:18:38,200 Speaker 1: leave for two months as a dude, because of our 315 00:18:38,240 --> 00:18:42,120 Speaker 1: woke kigenia in this country. You're the same guy that's 316 00:18:42,119 --> 00:18:44,440 Speaker 1: asleep with the wheel on baby formula, the same guy 317 00:18:44,440 --> 00:18:49,000 Speaker 1: that's asleep at the wheel on oil and gas. And 318 00:18:49,160 --> 00:18:52,040 Speaker 1: as this congresswoman said, she said, quote to the Secretary 319 00:18:52,040 --> 00:18:54,040 Speaker 1: of Transportation, remarks that they have been on top of 320 00:18:54,080 --> 00:18:57,240 Speaker 1: this from day one. That is a lie. She pointed 321 00:18:57,240 --> 00:18:59,920 Speaker 1: out that she'd been criticized after She posted text messages 322 00:19:00,119 --> 00:19:02,600 Speaker 1: photos she said, we're sent from the border patrol agents 323 00:19:03,480 --> 00:19:06,760 Speaker 1: showing a stockpile of baby formula intended for illegal immigrants. 324 00:19:07,920 --> 00:19:09,879 Speaker 1: She said, yesterday I was on the border myself, and 325 00:19:09,960 --> 00:19:12,440 Speaker 1: the facts on the border exactly how you that you've 326 00:19:12,480 --> 00:19:15,359 Speaker 1: been stating them. I decided to go down myself to 327 00:19:15,400 --> 00:19:18,800 Speaker 1: film it in low Behold. Not only were there stocked warehouses, 328 00:19:18,840 --> 00:19:22,639 Speaker 1: but there were multiple stocked warehouses that have not only 329 00:19:22,840 --> 00:19:25,960 Speaker 1: been filled with baby formula as well as diapers and 330 00:19:26,040 --> 00:19:29,800 Speaker 1: wipes and clothing, but they have been doing this for months, 331 00:19:30,560 --> 00:19:33,320 Speaker 1: and there's more baby formula en route to the border 332 00:19:33,359 --> 00:19:38,640 Speaker 1: to illegal immigrants that are crossing. Now. Remember the Biden 333 00:19:38,760 --> 00:19:41,520 Speaker 1: administration says you should be proud of them because they've 334 00:19:41,560 --> 00:19:46,240 Speaker 1: taken your tax dollars and they are providing food, they're 335 00:19:46,240 --> 00:19:51,040 Speaker 1: providing self providing airline tickets, they're providing bus transfers, they're 336 00:19:51,320 --> 00:19:53,720 Speaker 1: providing hotel rooms at the border, and the next day 337 00:19:53,720 --> 00:19:57,400 Speaker 1: they go to they're providing baby formula for illegal immigrants 338 00:19:57,400 --> 00:20:02,960 Speaker 1: who are coming across the border. Right Mayor pet Transportation Secretary. 339 00:20:03,320 --> 00:20:06,679 Speaker 1: The administration had acted from day one. She said, they 340 00:20:06,720 --> 00:20:12,720 Speaker 1: canceled forty per three percent of this manufacturer's production with 341 00:20:12,800 --> 00:20:15,600 Speaker 1: no plan to backfill the market share that they to 342 00:20:15,720 --> 00:20:18,320 Speaker 1: make that up. So they've not been on top of 343 00:20:18,359 --> 00:20:21,280 Speaker 1: this since they knew what they were canceling. When they 344 00:20:21,359 --> 00:20:26,760 Speaker 1: canceled forty three percent of the baby formula manufacturing in America. 345 00:20:27,280 --> 00:20:29,720 Speaker 1: She went on to say, this isn't a problem happened yesterday. 346 00:20:29,800 --> 00:20:32,080 Speaker 1: Moms for months have been saying it was getting harder 347 00:20:32,080 --> 00:20:38,400 Speaker 1: and harder to find formula because the stockpile was dissipating, 348 00:20:38,560 --> 00:20:42,040 Speaker 1: right it was, it was disappearing. She said, this is 349 00:20:42,080 --> 00:20:45,600 Speaker 1: just another example of the broken administration that doesn't know 350 00:20:45,640 --> 00:20:47,320 Speaker 1: how to govern and certainly doesn't know how to take 351 00:20:47,359 --> 00:20:50,720 Speaker 1: care of the American people. She went on to show 352 00:20:51,280 --> 00:20:53,240 Speaker 1: videos from her trip to the facility at the border. 353 00:20:53,520 --> 00:20:58,439 Speaker 1: One image showed mounds of infant formula featuring handwritten dates 354 00:20:58,480 --> 00:21:02,359 Speaker 1: likely to denote expert ration. Of June twenty twenty three, 355 00:21:03,960 --> 00:21:09,040 Speaker 1: Mayor Pete had blamed Abbot Nutrition for the formulas, complaining, fundamentally, 356 00:21:09,160 --> 00:21:11,320 Speaker 1: we are here because a company was not able to 357 00:21:11,359 --> 00:21:15,160 Speaker 1: guarantee that its plant was safe, and that plant has 358 00:21:15,200 --> 00:21:17,640 Speaker 1: been shut down. So like you're supposed to praise him 359 00:21:17,640 --> 00:21:20,159 Speaker 1: for this, he said, let's be very clear. This is 360 00:21:20,200 --> 00:21:24,159 Speaker 1: a capitalistic country. The government does not baby formula, nor 361 00:21:24,240 --> 00:21:28,200 Speaker 1: should it. Companies make baby formula. And one of those companies, 362 00:21:28,240 --> 00:21:29,760 Speaker 1: a company which, by the way, it seemed to have 363 00:21:29,800 --> 00:21:33,240 Speaker 1: forty percent market share, messed up and is unable to 364 00:21:33,280 --> 00:21:36,399 Speaker 1: confirm that a plant, a major plant, is safe and 365 00:21:36,440 --> 00:21:39,879 Speaker 1: free of contamination. But if you're gonna shut down forty 366 00:21:39,920 --> 00:21:41,920 Speaker 1: three percent of the market share of something, that it's 367 00:21:42,000 --> 00:21:45,359 Speaker 1: probably time for you to have a plan on how 368 00:21:45,359 --> 00:21:48,280 Speaker 1: you're going to backfill it. And they didn't. Can you 369 00:21:48,320 --> 00:21:51,440 Speaker 1: imagine if this happened under Donald Trump's leadership? Holy cow, 370 00:21:51,560 --> 00:21:56,800 Speaker 1: that freaking out twenty four to seven, putting crying mothers 371 00:21:56,840 --> 00:21:59,440 Speaker 1: saying that babies are dying all over the place on 372 00:21:59,480 --> 00:22:02,920 Speaker 1: this story. Worry, what's the media doing? Not a damn thing. 373 00:22:05,840 --> 00:22:10,840 Speaker 1: So let me go back to Secretary of Treasury Janet Yellen, 374 00:22:11,680 --> 00:22:15,080 Speaker 1: who is very proud to say, while you are suffering, 375 00:22:16,320 --> 00:22:19,760 Speaker 1: that there is no change in Biden's anti energy policies 376 00:22:20,000 --> 00:22:24,760 Speaker 1: and that the green climate change agenda is alive and well, 377 00:22:24,800 --> 00:22:27,240 Speaker 1: regardless of what you end up paying at the pump, 378 00:22:27,359 --> 00:22:31,520 Speaker 1: regardless of how much you're suffering. I go back to 379 00:22:31,560 --> 00:22:36,639 Speaker 1: the premise of liberalism of communism, socialism. People have to 380 00:22:36,720 --> 00:22:41,359 Speaker 1: be weak for those things to flourish. You have to 381 00:22:41,400 --> 00:22:44,360 Speaker 1: be desperate for any help, which is when the government 382 00:22:44,400 --> 00:22:48,800 Speaker 1: steps in and gets you addicted to government aid. If 383 00:22:48,840 --> 00:22:57,120 Speaker 1: you are an independent and strong population, communism and socialism 384 00:22:57,119 --> 00:23:00,560 Speaker 1: doesn't work, because then you know you'd be going backwards. 385 00:23:00,600 --> 00:23:03,439 Speaker 1: Why would you do that. That's why I said earlier. 386 00:23:03,480 --> 00:23:05,840 Speaker 1: Donald Trump is such a threat and his economy was 387 00:23:05,880 --> 00:23:09,040 Speaker 1: such a threat to the Democratic Party. They need a 388 00:23:09,040 --> 00:23:13,600 Speaker 1: week America. Don't forget. This isn't the first time they've 389 00:23:13,640 --> 00:23:17,119 Speaker 1: tried this. Jimmy Carter did it, and then after that 390 00:23:17,160 --> 00:23:20,879 Speaker 1: Barack Obama really did it. Remember when they said it 391 00:23:20,960 --> 00:23:23,360 Speaker 1: was an honor to be a food stamp president. It's 392 00:23:23,400 --> 00:23:26,000 Speaker 1: a privilege to be a food stamp president. Remember when 393 00:23:26,080 --> 00:23:29,159 Speaker 1: Jesse Jackson said that an African American church and people 394 00:23:29,280 --> 00:23:32,600 Speaker 1: cheered on. They said, let's show some love and admiration 395 00:23:32,760 --> 00:23:35,360 Speaker 1: for Barack Obama at the time when more Americans won 396 00:23:35,440 --> 00:23:38,920 Speaker 1: food stamps and any other time in American history modern history. 397 00:23:38,960 --> 00:23:41,479 Speaker 1: I should say, since we've been keeping track of it 398 00:23:41,800 --> 00:23:46,240 Speaker 1: since the Great Depression, they understood that if you could 399 00:23:46,280 --> 00:23:48,679 Speaker 1: get people in poverty living in poverty, and then you 400 00:23:48,720 --> 00:23:51,640 Speaker 1: could be the sugar daddy, the sugar mama for those 401 00:23:51,720 --> 00:23:55,639 Speaker 1: living in poverty. The Democratic Party could keep getting reelected, 402 00:23:55,800 --> 00:23:58,040 Speaker 1: which is why they're doing what they're doing right now, 403 00:23:58,200 --> 00:24:01,240 Speaker 1: which is exactly why the Treasury said, Terry is not 404 00:24:01,320 --> 00:24:05,840 Speaker 1: going to say anything but about the socialists ridiculous idea 405 00:24:05,920 --> 00:24:08,359 Speaker 1: right now that we need to have green alternative energy 406 00:24:08,720 --> 00:24:11,600 Speaker 1: above all else, regardless of how much you are hurting. 407 00:24:11,880 --> 00:24:15,000 Speaker 1: I want to understand from you how you reconcile the 408 00:24:15,040 --> 00:24:19,880 Speaker 1: administration's climate goals right now with what clearly is a 409 00:24:19,960 --> 00:24:25,359 Speaker 1: shift in posture around energy and fossil fuels. Well, the 410 00:24:25,520 --> 00:24:29,440 Speaker 1: climate goals are very important and there's no change in that, 411 00:24:29,560 --> 00:24:34,960 Speaker 1: if anything. Seeing what's happening because of our dependence on 412 00:24:35,320 --> 00:24:39,520 Speaker 1: global markets for oil and to some extent, natural gas, 413 00:24:40,000 --> 00:24:45,040 Speaker 1: just emphasizes the importance of making the transition that will 414 00:24:45,119 --> 00:24:51,160 Speaker 1: shield us from events in Russia, global developments that can 415 00:24:51,240 --> 00:24:57,280 Speaker 1: negatively impact oil markets. You really want to move and 416 00:24:57,359 --> 00:25:00,160 Speaker 1: see the need all of us, the United States, it's 417 00:25:00,320 --> 00:25:04,240 Speaker 1: n our allies to move quickly to renewables that will 418 00:25:04,880 --> 00:25:10,040 Speaker 1: give us a safer and more independent energy picture. Okay, 419 00:25:10,040 --> 00:25:15,880 Speaker 1: so translation, we created this problem on purpose. We're smart, 420 00:25:16,040 --> 00:25:19,360 Speaker 1: we know what we're doing here. This is being used 421 00:25:19,359 --> 00:25:21,919 Speaker 1: a catalyst to force you into submission to buy that 422 00:25:22,880 --> 00:25:26,600 Speaker 1: green car. Right, it's going to force you into submission 423 00:25:26,600 --> 00:25:30,040 Speaker 1: on solar and when we're punishing you until you get 424 00:25:30,080 --> 00:25:34,520 Speaker 1: on board, and eventually, at some point you will get 425 00:25:34,560 --> 00:25:42,439 Speaker 1: on board. Senator Tim Scott delivered a scathing rebuked by 426 00:25:42,480 --> 00:25:44,960 Speaker 1: the way of the Treasury Secretary for number one even 427 00:25:45,240 --> 00:25:48,600 Speaker 1: talking about abortion as she did this last week when 428 00:25:48,600 --> 00:25:52,320 Speaker 1: she should have been focused on the economy and saying 429 00:25:52,320 --> 00:25:55,879 Speaker 1: it's important that we have abortions on demand to help 430 00:25:55,920 --> 00:26:01,080 Speaker 1: our economy. Her words and the app an American. Senator 431 00:26:02,160 --> 00:26:05,680 Speaker 1: Tim Scott delivered a stunning rebuke to Janet Yell and claiming, 432 00:26:06,080 --> 00:26:08,879 Speaker 1: how dare you talk about black women and women of 433 00:26:08,920 --> 00:26:11,200 Speaker 1: color the way that you did, implying that we need 434 00:26:11,680 --> 00:26:15,520 Speaker 1: abortions to be successful. To take a listen, I'm just 435 00:26:15,560 --> 00:26:22,160 Speaker 1: surprised that we find ways to weave into every facet 436 00:26:22,200 --> 00:26:26,879 Speaker 1: of our lives such such an importance and painful reality 437 00:26:26,960 --> 00:26:31,680 Speaker 1: for so many people, to make it sound like it's 438 00:26:31,800 --> 00:26:36,120 Speaker 1: just another point four percent added to our labor force 439 00:26:36,200 --> 00:26:39,720 Speaker 1: participation as a result of the issue of abortion. Just 440 00:26:40,040 --> 00:26:48,200 Speaker 1: to me seems harsh. Well, I certainly don't mean to 441 00:26:48,240 --> 00:26:50,560 Speaker 1: see what I think the effects are in a manner 442 00:26:50,640 --> 00:26:55,239 Speaker 1: that's harsh. What we're talking about is whether or not 443 00:26:55,680 --> 00:27:06,040 Speaker 1: women will have the ability to regulate their reproductive situation 444 00:27:06,600 --> 00:27:10,760 Speaker 1: in ways that will enable them to plan lives that 445 00:27:10,800 --> 00:27:16,080 Speaker 1: are fulfilling and satisfying for them. And one aspect of 446 00:27:16,119 --> 00:27:20,800 Speaker 1: a satisfying life is being able to feel that you 447 00:27:20,920 --> 00:27:25,280 Speaker 1: have the financial resources to raise a child, that the 448 00:27:25,440 --> 00:27:29,960 Speaker 1: children you bring into the world are wanted, and that 449 00:27:30,080 --> 00:27:33,200 Speaker 1: you have the ability to take care of them. In 450 00:27:33,240 --> 00:27:39,800 Speaker 1: many cases, abortions are of teenage women, particularly low income 451 00:27:39,920 --> 00:27:44,520 Speaker 1: and often black, who aren't in a position to be 452 00:27:44,640 --> 00:27:51,080 Speaker 1: able to care for children, have unexpected pregnancies, and it 453 00:27:51,119 --> 00:27:55,840 Speaker 1: deprives them of the ability, often to continue their education 454 00:27:56,359 --> 00:28:00,560 Speaker 1: to later participate in the workforce. So there there is 455 00:28:00,600 --> 00:28:06,160 Speaker 1: a spillover into labor force participation. But and it means 456 00:28:06,200 --> 00:28:09,960 Speaker 1: the children will grow up in poverty and do worse themselves. 457 00:28:10,080 --> 00:28:14,479 Speaker 1: Thank you let me. I'll just simply say that, as 458 00:28:14,520 --> 00:28:17,280 Speaker 1: a guy raised by a black woman in abject poverty, 459 00:28:17,480 --> 00:28:20,119 Speaker 1: I'm thankful to be here as a United States senator. 460 00:28:21,160 --> 00:28:23,120 Speaker 1: Amen to him, by the way, for saying that, and 461 00:28:23,160 --> 00:28:26,120 Speaker 1: by the way, what she just said there's incredibly racist. Well, 462 00:28:26,160 --> 00:28:27,720 Speaker 1: I'm just trying to make sure we get enough black 463 00:28:27,800 --> 00:28:31,000 Speaker 1: kids aborted so they don't grow up in poverty. That's 464 00:28:31,000 --> 00:28:33,280 Speaker 1: what she just said. As Treasury secretary. Just said that. 465 00:28:33,760 --> 00:28:35,560 Speaker 1: She also said, you should be thankful that a bunch 466 00:28:35,560 --> 00:28:38,040 Speaker 1: of black women are having abortions and a bunch of 467 00:28:38,080 --> 00:28:40,160 Speaker 1: women are having abortion because it's going to help you 468 00:28:40,320 --> 00:28:43,560 Speaker 1: find a job. So when you're alive, just know you're 469 00:28:43,560 --> 00:28:45,640 Speaker 1: not having to compete against the millions of kids that 470 00:28:45,680 --> 00:28:48,600 Speaker 1: we are aboarding right in the labor force. It's gonna 471 00:28:48,600 --> 00:28:51,160 Speaker 1: get it's gonna be a positive impact on your life. 472 00:28:51,360 --> 00:28:54,040 Speaker 1: If everybody around you starts aboarding people, it's gonna be 473 00:28:54,040 --> 00:28:57,160 Speaker 1: better for your kids that are alive if we advocate 474 00:28:57,240 --> 00:28:59,680 Speaker 1: for abortion. That is the argument she just made as 475 00:28:59,680 --> 00:29:04,520 Speaker 1: a Treasure secretary, because if they are aborted, then you 476 00:29:05,000 --> 00:29:07,040 Speaker 1: do the averages on this and it's gonna be an 477 00:29:07,040 --> 00:29:10,120 Speaker 1: easier place for you to get a job. Now, what 478 00:29:10,280 --> 00:29:12,600 Speaker 1: is this really that they're talking about. They're talking talking 479 00:29:12,600 --> 00:29:17,720 Speaker 1: about population control. You understand that, right, And it's also 480 00:29:17,760 --> 00:29:20,840 Speaker 1: extremely racist what Jennet Ellen just said. And we should 481 00:29:20,840 --> 00:29:24,560 Speaker 1: all be honest about that. When she's like, well, it's 482 00:29:24,640 --> 00:29:25,880 Speaker 1: you know, we're just trying to get rid of a 483 00:29:25,920 --> 00:29:28,040 Speaker 1: bunch of black kids, right because they're gonna grow up 484 00:29:28,040 --> 00:29:31,560 Speaker 1: in poverty anyway, that's straight up racism. It's a white 485 00:29:31,560 --> 00:29:34,040 Speaker 1: woman saying, Wow, let's be honest. All the black kids 486 00:29:34,040 --> 00:29:37,280 Speaker 1: are growing up in poverty, and all those black kids 487 00:29:37,280 --> 00:29:38,880 Speaker 1: are you know, they're they're gonna they're gonna have a 488 00:29:38,880 --> 00:29:41,320 Speaker 1: worse life if we don't let their parents just abort them. 489 00:29:42,840 --> 00:29:45,120 Speaker 1: And this idea that the majority of people having abortions 490 00:29:45,120 --> 00:29:47,360 Speaker 1: are like fifteen years old is absurd. It's not true. 491 00:29:49,240 --> 00:29:56,520 Speaker 1: These Democrats are just filled with pure sick evil. This 492 00:29:56,640 --> 00:30:00,120 Speaker 1: is communism and social them. They're no longer the Democratic Party. 493 00:30:01,440 --> 00:30:03,200 Speaker 1: You know, I could deal with a Bill Clinton. I've 494 00:30:03,240 --> 00:30:05,360 Speaker 1: said that before. I really could. I could deal with 495 00:30:05,400 --> 00:30:08,120 Speaker 1: a guy like Bill Clinton. I could deal even with 496 00:30:08,160 --> 00:30:12,440 Speaker 1: a guy liked Caucus or Jimmy Carter. But what you're 497 00:30:12,480 --> 00:30:15,200 Speaker 1: witnessing right now is what Democrats have really been wanting 498 00:30:15,200 --> 00:30:16,880 Speaker 1: for years. They were just too afraid to say it. 499 00:30:17,000 --> 00:30:23,120 Speaker 1: Now they're not right. That's what this really is. When 500 00:30:23,120 --> 00:30:25,360 Speaker 1: you have a Treasury secretary telling you that we need 501 00:30:25,400 --> 00:30:28,240 Speaker 1: abortions on demand because it's gonna help you find a job. 502 00:30:29,040 --> 00:30:30,960 Speaker 1: And a Treasury secretary that tells you, what's just a 503 00:30:31,000 --> 00:30:32,600 Speaker 1: bunch of black kids that write that are gonna have 504 00:30:32,640 --> 00:30:34,680 Speaker 1: a lot of these abortions, They're gonna grow up in poverty. 505 00:30:35,120 --> 00:30:38,040 Speaker 1: That is racism from the Democratic Party. But you notice 506 00:30:38,080 --> 00:30:41,440 Speaker 1: on a single article was written about that Jennis Jenny 507 00:30:41,520 --> 00:30:44,840 Speaker 1: Jellen goes full blown racist, older white woman goes full 508 00:30:44,840 --> 00:30:49,640 Speaker 1: blown racists, right, I mean, I mean, this is straight 509 00:30:49,760 --> 00:30:55,360 Speaker 1: up racism from the Treasury secretary. And why is she 510 00:30:55,480 --> 00:30:57,840 Speaker 1: even testifying a Congress on the issue of abortion and 511 00:30:57,840 --> 00:31:00,440 Speaker 1: how it's gonna give you a perk of finding a 512 00:31:00,520 --> 00:31:02,239 Speaker 1: job if we can abort a bunch of people. I mean, 513 00:31:02,480 --> 00:31:04,920 Speaker 1: what's next? Are going to advocate for killing off people 514 00:31:04,960 --> 00:31:07,720 Speaker 1: so to make the country an easier place for you 515 00:31:07,800 --> 00:31:12,160 Speaker 1: to be able to survive. And she says, we refuse, 516 00:31:12,320 --> 00:31:14,440 Speaker 1: with the highest oil and gas prices that we have 517 00:31:14,560 --> 00:31:22,200 Speaker 1: ever had in history, to change our policy even temporarily. Okay, 518 00:31:22,280 --> 00:31:26,840 Speaker 1: even temporarily. We are not going to change our policies 519 00:31:27,000 --> 00:31:31,960 Speaker 1: even temporarily on what we are demanding with green and 520 00:31:32,040 --> 00:31:36,440 Speaker 1: alternative energy. And they want me to believe that they 521 00:31:36,440 --> 00:31:40,840 Speaker 1: are in favor of protecting and defending us in this country, 522 00:31:40,840 --> 00:31:44,960 Speaker 1: that they're acting in the best interests of us in 523 00:31:45,000 --> 00:31:49,360 Speaker 1: this economy where we are. There's no change on our 524 00:31:49,400 --> 00:31:55,240 Speaker 1: Biden anti energy policy, So just know that no changes whatsoever. 525 00:31:56,960 --> 00:31:59,080 Speaker 1: She says. The war in Ukraine underscores a need to 526 00:31:59,200 --> 00:32:03,440 Speaker 1: for clean and for care energy. Wouldn't that mean that 527 00:32:03,520 --> 00:32:06,080 Speaker 1: in the United States of America that we would actually 528 00:32:06,120 --> 00:32:09,040 Speaker 1: do more to get energy independence. No, that's not what 529 00:32:09,120 --> 00:32:12,560 Speaker 1: she's saying. She says, your energy independence only comes from 530 00:32:12,600 --> 00:32:17,560 Speaker 1: things that they approve. Second, energy security. The invasion of 531 00:32:17,720 --> 00:32:22,800 Speaker 1: Ukraine has also underscored the need for sustainable, affordable, clean, 532 00:32:23,320 --> 00:32:27,600 Speaker 1: and secure energy for economic growth and security for the 533 00:32:27,680 --> 00:32:31,400 Speaker 1: United States, as well as for governments that partner with 534 00:32:31,480 --> 00:32:37,120 Speaker 1: the fees. The MDB's promotion of energy efficiency and capital 535 00:32:37,200 --> 00:32:43,000 Speaker 1: investment toward diverse energy sources like solar, wind and other 536 00:32:43,120 --> 00:32:48,000 Speaker 1: non fossil fuel based energy sources and away from suppliers 537 00:32:48,000 --> 00:32:53,480 Speaker 1: such as Russia that strengthens energy security and reduces short 538 00:32:53,600 --> 00:32:58,000 Speaker 1: term fossil fuel price risks, all while addressing the long 539 00:32:58,120 --> 00:33:03,120 Speaker 1: term threat of climate change. Public finance alone cannot meet 540 00:33:03,200 --> 00:33:08,480 Speaker 1: this challenge, so Treasury is encouraging the MDBs to undertake 541 00:33:08,600 --> 00:33:14,360 Speaker 1: reforms and adopt more ambitious targets for mobilizing private capital, 542 00:33:14,840 --> 00:33:20,080 Speaker 1: particularly through their private sector windows. Many low income countries 543 00:33:20,120 --> 00:33:24,520 Speaker 1: are facing growing debt burdens as the pandemic continues into 544 00:33:24,560 --> 00:33:30,400 Speaker 1: a third year. If there it is, there's your closing argument, 545 00:33:30,840 --> 00:33:34,120 Speaker 1: we will stay the course. We will destroy this country, 546 00:33:34,560 --> 00:33:38,040 Speaker 1: and we will do it until you submit. And if 547 00:33:38,080 --> 00:33:40,560 Speaker 1: we have to get rid of people through abortion to 548 00:33:40,680 --> 00:33:43,680 Speaker 1: make our economy work, we will do it. If it 549 00:33:43,760 --> 00:33:47,080 Speaker 1: takes you paying five to fifty six dollars seven dollars 550 00:33:47,120 --> 00:33:51,280 Speaker 1: a gallon to accomplish our agenda, even if you're against it, 551 00:33:51,320 --> 00:33:55,040 Speaker 1: we will do it. We will undermine every institution this country, 552 00:33:55,160 --> 00:33:57,520 Speaker 1: the Supreme Court, if that's what it takes for us 553 00:33:57,520 --> 00:33:59,520 Speaker 1: to implement what we want to do. We will come 554 00:33:59,560 --> 00:34:02,160 Speaker 1: after your kids, by the way, and mask mandates and 555 00:34:02,240 --> 00:34:05,400 Speaker 1: vaccine mandates, which I want to remind you right now, 556 00:34:05,440 --> 00:34:06,880 Speaker 1: they're trying to make it where you have to wear 557 00:34:06,880 --> 00:34:08,480 Speaker 1: a mask again when you get on an airplane, even 558 00:34:08,480 --> 00:34:11,520 Speaker 1: though there was no spike in COVID after the mask 559 00:34:11,680 --> 00:34:14,840 Speaker 1: mandate expirer after I should say that Judge struck it down. 560 00:34:16,360 --> 00:34:18,520 Speaker 1: These people are not listening to you. They're not working 561 00:34:18,560 --> 00:34:22,640 Speaker 1: for you. If there's any one thing that they're trying 562 00:34:22,680 --> 00:34:24,640 Speaker 1: to do right now, it's trying to make you weak, 563 00:34:25,920 --> 00:34:29,359 Speaker 1: trying to make you poor, because the weaker you are 564 00:34:29,360 --> 00:34:32,399 Speaker 1: and the poorer you are, the better off they are 565 00:34:32,520 --> 00:34:37,920 Speaker 1: as a party. They are then more independent and more 566 00:34:37,960 --> 00:34:40,799 Speaker 1: powerful because then you will need them because you can't 567 00:34:40,840 --> 00:34:44,960 Speaker 1: pay your bills. Never forget what communism is, because that 568 00:34:45,120 --> 00:34:47,239 Speaker 1: is what they're trying to do right now, and they 569 00:34:47,360 --> 00:34:50,160 Speaker 1: keep saying it without using the word, and we need 570 00:34:50,200 --> 00:34:54,359 Speaker 1: to be using the word. Don't forget. 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