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Speaker 1: So in the past twenty four hours, the Dems have

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Speaker 1: forced RFK Junior to stay on the ballot because they

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Speaker 1: think that's going to help them win the election if

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Speaker 1: people are able to still vote for him instead of

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Speaker 1: having to choose between Kamala Harris and Donald Trump. They

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Speaker 1: also remove Cornell Wess off the ballot because they think

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Speaker 1: that's going to take.

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Speaker 2: Away votes from Kamala Harris.

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Speaker 1: The Department of Justice has filed an upgraded Trump indictment,

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Speaker 1: and Facebook came out and admitted they censored post in

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Speaker 1: compliance with the Biden Harris demands. I love how Democrats

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Speaker 1: say they're the ones that are saving democracy. I guess

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Speaker 1: they mean that they're saving democracy by ending it all together,

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Speaker 1: because every one of the things I just mentioned to

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Speaker 1: you is completely and utterly against what a democracy actually is. Now,

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Speaker 1: I bring all that up to go back to something

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Speaker 1: else that has to be brought up, and that is

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Speaker 1: now the attack on Americans and their retirement accounts. It

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Speaker 1: is truly shocking at this moment in time to see

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Speaker 1: what the Democrats are doing and team Kamala right a

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Speaker 1: as a you know, a comrade Kamala is all in

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Speaker 1: on quote unrealized capital gains tax that would destroy this country.

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Speaker 1: Experts are now coming out on TV and saying that

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Speaker 1: this would not just be an economically destructive but they

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Speaker 1: also believe it may actually be unconstitutional. What she is

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Speaker 1: saying that she wants to do. Now, she doesn't care

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Speaker 1: because she's a communist. So let me explain a little

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Speaker 1: bit to just understand how a complex issue can be simplified.

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Speaker 1: Tax experts are saying that that what Harris wants to

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Speaker 1: do with these unreal liifed capital gains tax proposal is

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Speaker 1: number one unworkable, constitutionally suspect, and economically completely destructive. The

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Speaker 1: nominee Harris and her proposal is to tax unrealized capital gains,

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Speaker 1: and she says that will give her more money to

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Speaker 1: do what she wants to do. Harris's tax policy proposal

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Speaker 1: would increase taxes by.

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Speaker 2: Five trillion dollars.

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Speaker 1: I'm going to say that again, by five trillion dollars

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Speaker 1: the tax increase over ten years, just on this issue alone.

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Speaker 1: Kamala Harris also sent out her economic advisor and he

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Speaker 1: affirmed that their plan is to tax unrealized gains. Now,

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Speaker 1: you may be asking this question, is what is an

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Speaker 1: unrealized gain? It's a it's a fair question, and I

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Speaker 1: think far too many times in life people aren't willing

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Speaker 1: to ask the questions that are so important to be asked,

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Speaker 1: and because they're afraid of looking dumb, especially on issues

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Speaker 1: when it comes to money. If you understand what unrealized

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Speaker 1: capital gains is and what it means, it's simply put

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Speaker 1: this way. You have money that has made money that

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Speaker 1: you invested after you paid taxes on it, right, and

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Speaker 1: then that money can use to grow. Now, that money

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Speaker 1: can also go down. It could it could disappear because

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Speaker 1: you have it invested. So, unrealized capital gains occur when

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Speaker 1: the value of an asset increases over its cost basis.

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Speaker 1: So let's say you bought a stock at one hundred

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Speaker 1: dollars a share and I'm just using simple numbers here,

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Speaker 1: then is held unsold and that number goes to let's

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Speaker 1: say one hundred and twenty two dollars, what she wants

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Speaker 1: to do is tax you on that twenty two dollars

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Speaker 1: even though you haven't cashed out. Right, it's unrealized gains

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Speaker 1: because you're still in the market. That number day fucuates

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Speaker 1: every day that the market is open, and so there's

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Speaker 1: another way of describing it as this is.

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Speaker 2: A theoretical profit. I'll give you a great example.

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Speaker 1: When the markets are booming, there are a lot of

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Speaker 1: Americans that had a lot of money right and they

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Speaker 1: are like, oh, you've got you know, let's call it

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Speaker 1: a million dollars in the market. Well, you only have

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Speaker 1: that million if you actually cash it out that moment

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Speaker 1: in time, and then you'll see a market go in

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Speaker 1: a downward spiral two thousand and eight, two and nine

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Speaker 1: and one hundred. That one million in retirement may have

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Speaker 1: dropped down to seven hundred thousand. What she wants to

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Speaker 1: do is tax you as soon as you win, and

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Speaker 1: no matter if, even if you lose later on. I'll

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Speaker 1: give you an even more simple example. Say that you

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Speaker 1: purchase a stock for ten dollars a share. The next day,

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Speaker 1: the price increases the twelve dollars, but you do not

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Speaker 1: sell it. That two dollars difference is what they describe

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Speaker 1: as an unrealized capital gain. While your net worth may

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Speaker 1: increase by two dollars, it remains at risk to change

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Speaker 1: it further unless you sell that stock. Now, we've made

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Speaker 1: incentives for you to stay in the market and not

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Speaker 1: pull your money out all the time, right, that's part

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Speaker 1: of retirements and for it one ks like you go

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Speaker 1: through ups and downs.

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Speaker 2: I have had drastic swings in the markets, just.

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Speaker 1: Like many others have in unrealized gains because I didn't

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Speaker 1: actually sell the stock at the high and it came

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Speaker 1: back down. The economy multiple things can change that. Realize

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Speaker 1: capital gains occur when an asset is sold right for

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Speaker 1: more than what you paid for it when you bought it,

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Speaker 1: resulting in profits from the sale, and those are considered

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Speaker 1: realized gains. So let's say you invested fifty thousand dollars

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Speaker 1: and you sold it for fifty one thousand. You would

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Speaker 1: then pay taxes on the one thousand dollars in gains.

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Speaker 1: Realize gains. Capital gains have a final known value. That's

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Speaker 1: how you can do it. They're the recorded amount of

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Speaker 1: a fixed transaction. So when unrealized capital gains fluctuate every day,

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Speaker 1: they reflect the state of an asset at any given

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Speaker 1: time when it's being held unsold. So in this example,

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Speaker 1: all right, say let's say your equity is now we're

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Speaker 1: twelve dollars a share on July one, and then you

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Speaker 1: sell it for fourteen dollars a share on August one,

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Speaker 1: You would have a two dollars unrealized capital gain on

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Speaker 1: July one and a four dollars realized capital gain on

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Speaker 1: August one.

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Speaker 2: Right, you notice how this is fluctuating.

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Speaker 1: So what they are trying to do is she's saying,

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Speaker 1: anytime you make money, we want to take the money

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Speaker 1: from you, Which brings me back to the conversation with CNBC,

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Speaker 1: and I want you to listen to this. This is

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Speaker 1: Comway Harris's advisor being asked about this on CNBC, and

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Speaker 1: they're basically saying, you guys are communists.

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Speaker 3: Listen how that has changed over time. Unrealized gains. Taxing

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Speaker 3: unrealized games just doesn't seem fair in any sense of

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Speaker 3: the word. In a difference, in the very best sense.

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Speaker 3: If you are taxing unrealized gains, all you're doing is

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Speaker 3: pulling forward the taxes that would be paid later when

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Speaker 3: someone actually sells the stock.

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Speaker 4: I think that this reaction to unrealized gains is a

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Speaker 4: little funny given that I bet that the majority of

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Speaker 4: people watching right now are already paying a tax on

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Speaker 4: unrealized gains.

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Speaker 2: It's called a property tax when the value of your.

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Speaker 4: Use the value of your home, you pay higher tires,

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Speaker 4: even if you can tell your home.

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Speaker 3: Your value of your home never moves the way stock moves.

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Speaker 2: The way something is always the go to answer.

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Speaker 3: It's also property tax is a use tax. You're paying

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Speaker 3: for school for the schools, you're paying for emergency services.

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Speaker 3: Those are things that make absolute sense.

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Speaker 4: And sure and all the all the revenue that comes

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Speaker 4: in from these unrealized gains taxes and the other taxes

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Speaker 4: and the tax in the Harris Plan are going to

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Speaker 4: go to what creating what she calls more opportunity.

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Speaker 2: It's to make sure that.

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Speaker 4: That's not every new in this country actually gets six.

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Speaker 2: Thousand dollars in the services.

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Speaker 4: Well, look, you're you're arguing that this is some sort

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Speaker 4: of foreign concept that's completely unknown, it's.

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Speaker 5: Topically unconstitutional, it's probably and it was never in anyone's intent.

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Speaker 3: To It's not an income tax, and it's never going

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Speaker 3: to happen.

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Speaker 2: Probably not.

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Speaker 6: Well, I'm not gonna say my life, I would not

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Speaker 6: in Becky's life.

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Speaker 4: Look, I want to just step back and say that

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Speaker 4: the Harris tax plan overall is about providing money for

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Speaker 4: investments that go into middle class family uses, to affordable housing.

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Speaker 4: To this child tax credit to make sure that every

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Speaker 4: newborn starts with six thousand dollars in the account, something

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Speaker 4: that they can use to get off to a healthy

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Speaker 4: and nutritious start. To making sure that we can address

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Speaker 4: the cost of care things that middle class families are

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Speaker 4: really struggling with for the past few decades.

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Speaker 3: And so said that something needs to be done for

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Speaker 3: middle class families. I think the question becomes, how, yeah,

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Speaker 3: you go about doing it.

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Speaker 2: These are straight up communists. This is a communist idea.

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Speaker 1: It's something that is probably unconstitutional, but again, they don't

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Speaker 1: care if it's unconstitutional.

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Speaker 2: That's the part about this that should scare everyone.

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Speaker 1: They're just saying, we don't care about law, we don't

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Speaker 1: care about the constitution. We don't care that we're going

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Speaker 1: to punish you every time you make a dollar after

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Speaker 1: you've already been taxed on the money that you've then

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Speaker 1: used to invest. Like this is the part about our

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Speaker 1: tax system that at some point Americans are going to

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Speaker 1: have to wake up and realize you're spending half of

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Speaker 1: your life working for a government that then screws you.

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Speaker 1: Everything is tax now. Everything you do is tax hotels,

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Speaker 1: rental cars, taxes on everything that you buy taxes on

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Speaker 1: the on sales tax. Right, I mean the list of

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Speaker 1: taxes on in everything that I do is tax My

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Speaker 1: investments are taxed like there's nothing. They don't have their

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Speaker 1: hand in saying give me more. It's disgusting. But now

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Speaker 1: they're saying that's not enough. We want communism. Let me

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Speaker 1: also explain to you why these communists want to do this.

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Speaker 1: It actually gives them more power, not just through taking

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Speaker 1: your money, but it d incentivises you significantly to be

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Speaker 1: an investments. So you end up having what I refer

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Speaker 1: to as high school mentality, like whatever you get, you spend,

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Speaker 1: and then you're reliant on the government. Right, same way

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Speaker 1: in high school, you're reliant than on your parents to

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Speaker 1: take care of all of your needs. So your parents

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Speaker 1: have a lot of power because they're the ones that

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Speaker 1: have the roof over your head and pay the car

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Speaker 1: insurance and give you your car.

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Speaker 2: Right.

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Speaker 1: There's a lot of things like this that your co

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Speaker 1: dependent on your parents. And this is how they actually

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Speaker 1: gain even more control over the American people. And they're

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Speaker 1: they're they're incentivizing you to not take control of your future,

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Speaker 1: and they're incentivizing you to be irresponsible because at some

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Speaker 1: point you just throw your hands up and you're like, well,

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Speaker 1: screw it. Why would I even invest Because even if

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Speaker 1: I do invest in, the stock goes up and then

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Speaker 1: I got to pay all this money out.

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Speaker 2: So what's the point?

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Speaker 1: Right, Which then gives them, in a weird way, if

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Speaker 1: you think about it, more power over you, because you

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Speaker 1: need them more for the bare necessities of retirement later

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Speaker 1: in life, beyond even social security. That's how communists expand

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Speaker 1: their power. They need a group of people that is

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Speaker 1: significant in size to depend on them, and then that

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Speaker 1: group of people becomes a voting block that then votes

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Speaker 1: for their king maker. Right, They're they're king who they're

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Speaker 1: dependent on to keep their life going.

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Speaker 2: Let's also take this.

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Speaker 1: And connect it back to what she wants to do

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Speaker 1: with price controls in the grocer. A first term House

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Speaker 1: Republican who actually runs a small chain of grocery stores

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Speaker 1: in Ohio is worried now and speaking out that Vice

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Speaker 1: President Harrison's grocery price control proposal would hurt family owned

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Speaker 1: businesses like him, shutting them down.

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Speaker 2: Quote, we're dealing with a lot.

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Speaker 1: The net profit in grocery stores is about one and

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Speaker 1: a half percent so you think grocery stores.

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Speaker 2: Are making a lot of money off of you, You're wrong.

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Speaker 1: The net profit after everything's been paid out in a

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Speaker 1: grocery store is about one and a half percent. So

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Speaker 1: how the next question asked Uff, is well, then why

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Speaker 1: would anybody be in the grocery business.

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Speaker 2: It's a good point. Why do you think there's been

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Speaker 2: so much consolidation.

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Speaker 1: The way you make your money is by just churning mass,

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Speaker 1: mass amounts of goods to the people, so that one

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Speaker 1: and a half percent turns into something that is a living,

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Speaker 1: you know, a way to live, a way to make

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Speaker 1: a living if you're doing really well, he said, one

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Speaker 1: in three quarters.

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Speaker 2: So let's say you're killing at a grocery store.

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Speaker 1: It's not like your margin's got to five percent, he says,

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Speaker 1: it goes it to one in three quarters. He said,

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Speaker 1: justin layman's terms, it's about a dollar fifty for every

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Speaker 1: one hundred dollars that you go through the registers. Is

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Speaker 1: what a grocer makes off you. He said, quote, and

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Speaker 1: what we've seen in the last three to four years

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Speaker 1: has been pretty horrific. That is what represented Michael Rooley,

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Speaker 1: a Republican from Ohio, said in this interview he did.

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Speaker 1: He said, this will be a nail in the coffin

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Speaker 1: of the industry that no one can imagine if you

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Speaker 1: start doing price controls now. It really won a special

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Speaker 1: election June to succeed a retiring representat Bill Johnson, a Republican.

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Speaker 1: Before that, he was a Republican state senator and helped

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Speaker 1: to run Rulio Brothers, the mid sized grocery chain that

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Speaker 1: his father started in nineteen seventeen. So he's seen the

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Speaker 1: ups and downs in this business. To explain to what

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Speaker 1: effect he argues price controls will have on his business,

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Speaker 1: really held up a bottle of Tide laundry detergent made

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Speaker 1: by Procter and Gamble. He said, quote, if the Harrison

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Speaker 1: Administration tells Procter and Gamble, which is based in Cincinnati,

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Speaker 1: that this Tide right here that I'm selling today for

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Speaker 1: four ninety nine has to stay four nine for the

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Speaker 1: next four years, what will happen is that Procter and

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Speaker 1: Gamble will just simply choose not to make this product.

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Speaker 1: And so that's going to happen a lot. In other words,

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Speaker 1: all of your choices, which is exactly what we've seen

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Speaker 1: in places like Russia and Venezuela, where they do price controls.

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Speaker 1: Everything disappears from the shelves because you're not allowed to

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Speaker 1: make a profit. So anything that doesn't make a profit,

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Speaker 1: the manifest just stops manufacturing instantly. He then pointed to

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Speaker 1: the bar code known as the stockkeeping unit or the SKEW,

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Speaker 1: he said, denoting the individual product and set his store.

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Speaker 1: For example, we carry items with thirty eight thousand different

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Speaker 1: bar codes, whereas larger grocery chains carry even more than

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Speaker 1: that thirty eight thousand. He said, well, why would that

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Speaker 1: matter to your viewers in this interview. It's going to

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Speaker 1: matter to your viewers because this is the luxury of

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Speaker 1: living in the United States of America, where the average

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Speaker 1: blue collar worker Joe bag of donuts would have an

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Speaker 1: opportunity to buy some nice things in life. What will

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Speaker 1: happen in four years of a Harris administration is those

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Speaker 1: thirty eight thousand skews will go all the way down

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Speaker 1: to maybe five thousand, and you'll be living in Cuba Venezuela. Now,

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Speaker 1: all of this comes as Harrison rolling out this plan

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Speaker 1: with three months left until the election, saying I'm going

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Speaker 1: to hold the prices on everything, and you guys are

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Speaker 1: going to have an amazing life because I'm going to

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Speaker 1: mandate prices. Now, you can mandate a price, but you

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Speaker 1: can't mandate they keep producing the product at a loss

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Speaker 1: and go under. So part of this pledge is, she says,

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Speaker 1: to an act the first ever ban on food price

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Speaker 1: gouging quote unquote, which critics on the right have argued

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Speaker 1: would stifle economic growth in the same style as authoritarian

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Speaker 1: governments like the Soviet Union in Venezuela. Harris allies to

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Speaker 1: point out that the large food manufacturing companies have made

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Speaker 1: record profits in recent years. For example, they say Hershey

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Speaker 1: has seen a sixty percent jump in net profits between

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Speaker 1: nineteen and twenty twenty three, while companies like General Mills

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Speaker 1: and Craft and Hines both saw forty eight percent growth

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Speaker 1: according to The Wall Street Journal. But groups like the

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Speaker 1: National Grocers Association have called the plan a solution in

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Speaker 1: search of a problem, saying, quote, our independent grocers, already

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Speaker 1: operating on extremely thin margins, are hurting from the same

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Speaker 1: inflationary pressure that points that our customers are dealing with

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Speaker 1: every month as well. Now, when Harris had this plan,

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Speaker 1: and she said here it is in North Carolina, she

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Speaker 1: pledged to make clear that big corporations can't unfairly exploit customers. Now,

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Speaker 1: this grocer argued it would hurt small and mid sized

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Speaker 1: grocers as well, saying this, many of these smaller and independent.

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Speaker 2: Grocery stores will go out of business.

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Speaker 1: We've already seen it happening gradually over the last twenty

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Speaker 1: or thirty years. But I would say just recently, within

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Speaker 1: the within the eighty miles circumference I'm sitting in right here,

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Speaker 1: right now, there's been five grocery stores that have gone out

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Speaker 1: of business in the last two years because they're already

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Speaker 1: getting squeezed out by the big box stores because they

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Speaker 1: can buy at better discounts. I look at this, and

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Speaker 1: what I see in all the information is exactly what

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Speaker 1: I've been telling you and what I've been warning you about.

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Speaker 1: I told you, and I warned you that the Democratic

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Speaker 1: Party is dead. I told you, and I warned you

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Speaker 1: the Democratic Party is now filled with Marxists, socialists, and communists,

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Speaker 1: and those Marxists and those socialists and those communists are

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Speaker 1: changing the party completely. The Democratic Party is no longer.

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Speaker 1: The only reason why they say the word democrats is

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Speaker 1: because it's more palatable to older voters. That's what it

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Speaker 1: really boils down to, and that's a part that I

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Speaker 1: think people need to truly understand. So this is a

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Speaker 1: very clear plan to make a very big next step

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Speaker 1: and say we're no longer communist or Democrats. We're communists,

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Speaker 1: we're no longer democrats, we're socialists, we're no longer democrats

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Speaker 1: were Marxists, and we're gonna do all the things that

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Speaker 1: they do. We're gonna do every single one of them,

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Speaker 1: and we're gonna do it, and we're gonna smile, and

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Speaker 1: we're gonna grin while we do it. And it's gonna

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Speaker 1: hurt some of those people that own the stores, and

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Speaker 1: they're gonna disappear, but we don't care because we got

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Speaker 1: to win an election right now. And again, if you

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Speaker 1: shut down more grocery stores and the grocery stores start

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Speaker 1: to disappear, then the question you should be asking right

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Speaker 1: now is this, Okay, what happens next? You have more

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Speaker 1: government control, which is ultimately what they want. Right You

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Speaker 1: disincentivize people, You de incentivize them from investing because you

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Speaker 1: tax every time they win.

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Speaker 2: So what does that do? Well? It makes people say screw.

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Speaker 1: It, I'm not gonna invest, and then they become reliant

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Speaker 1: and dependent on you the government, which gives them more

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Speaker 1: power and more control. You take away all their grocery stores.

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Speaker 1: What happens next the same thing. Now, there's a third

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Speaker 1: aspect of what we're talking about right now with her plan,

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Speaker 1: because you've got to control all of the market with

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Speaker 1: socialism or you won't win. So you control the groceries,

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Speaker 1: and people desperately need the food and the food supply chain.

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Speaker 1: You control the people, you control their money, and you

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Speaker 1: do what she's willing to do on unrealized capital games,

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Speaker 1: which by the way, may be unconstitutional, not that they care.

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Speaker 1: And then you control them in retirement. You control them

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Speaker 1: in every aspect of their life. But there's a third

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Speaker 1: aspect of this, and that is your home. Now you

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Speaker 1: may have noticed that Kama Harris is saying all these

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Speaker 1: crazy things like I'm going to give you twenty five thousand, no, no, no,

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Speaker 1: thirty thousand, no, thirty five thousand for first time home

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Speaker 1: buyers because I want you to own a home. The

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Speaker 1: reality is that money will immediately just go into the

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Speaker 1: price of the house, and everybody will raise the price

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Speaker 1: their house twenty five or thirty five thousand dollars. And

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Speaker 1: there is a problem right now when it comes to housing,

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Speaker 1: and Democrats understand it, and they're willing to exploit it

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Speaker 1: to their advantage by promising you the American dream, knowing

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Speaker 1: that there's a very good chance you're never gonna get it,

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Speaker 1: because if they can control the housing, then they can

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Speaker 1: also control you. Now, in most zip codes, the typical earner,

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Speaker 1: so we're not talking about rich, we're talking about the

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Speaker 1: typical earner cannot afford the typical home any longer in America.

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Speaker 1: This is the first time in my life under Harris

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Speaker 1: and Biden that this has ever happened.

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Speaker 2: And I want you to listen to this.

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Speaker 1: And this is sad because this is actually on MSNBC

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Speaker 1: where they admitted this is how bad it's become.

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Speaker 2: It's a quote real problem.

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Speaker 6: In their words, anticipated that rates will be cut in September,

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Speaker 6: but of course we don't exactly know how much or

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Speaker 6: precise who went You mentioned mortgage rates falling. Yeah, let's

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Speaker 6: talk about housing, which for so many Americans, priticularly Americans

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Speaker 6: just starting off trying to buy their first house, it's

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Speaker 6: become impossible because it's so expensive and because they're simply

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Speaker 6: not enough stock. Vice President Harris has put forth a

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Speaker 6: new housing plan.

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Speaker 2: Give us your analysis.

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Speaker 5: So the housing market has really been where the bulk

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Speaker 5: of those rate increases has just frozen it. Also, you

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Speaker 5: just don't have enough supply, so young people, first time

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Speaker 5: home buyers, really just don't have a leg in here.

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Speaker 5: In most zip codes, the typical earner can't afford the

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Speaker 5: typically priced home.

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Speaker 2: That's a real problem.

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Speaker 5: You heard from the Biden administrator from the Kamala Harris

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Speaker 5: campaign what she would like to do incentivize building more homes,

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Speaker 5: moderately priced homes, also incentivizing people to help pay for them.

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Speaker 5: I think when mortgage rates start to decline, we'll get

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Speaker 5: a better sense of how things.

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Speaker 2: Are going to thaw a little bit here.

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Speaker 5: We've already seen mortgage refinancing improving among people who bought

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Speaker 5: homes in the last couple of years as they're trying

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Speaker 5: to refinance. But will there be a better chance to

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Speaker 5: get into this housing market. Record high home prices yesterday,

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Speaker 5: the case Shiller number. I mean some neighborhoods, especially around here,

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Speaker 5: you know, in Connecticut, on the West coast, around Chicago,

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Speaker 5: I mean just unattainable home crisis. That's great if you're

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Speaker 5: living in that house, and you may be a baby

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Speaker 5: boomer who's got an awful lot of equity in that house, but.

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Speaker 2: It's locked up for now. Extraordinar alexpensive.

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Speaker 5: Yeah.

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Speaker 6: Nbciors senior Business correspondent Christine Romans. Christine, thank you so

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Speaker 6: much for being with us this morning. Here on Morning Joe.

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Speaker 2: I mean, they're telling you the truth.

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Speaker 1: In most zip codes, the typical earner can't afford the

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Speaker 1: typical home price. So that brings me back to the

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Speaker 1: third part of this pie. Harris and Biden have created

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Speaker 1: the most unaffordable housing market in history.

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Speaker 2: MSNBC just said it. In history.

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Speaker 1: Home prices and therefore the American dream are the most

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Speaker 1: unaffordable in history, according the latest data, so not just

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Speaker 1: my lifetime in history. Home prices hit a new record

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Speaker 1: in June amid an ongoing housing shortage.

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Speaker 2: Now why is there housing shortage?

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Speaker 1: Well, when you bring in ony million legal immigrants, they

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Speaker 1: have to live somewhere too, and that has caused a

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Speaker 1: major problem. Even as high mortgage rates continue to push

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Speaker 1: affordability out of reach for millions of Americans, a new

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Speaker 1: economic report has declared. The report adds prices increase five

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Speaker 1: point four percent nationally in June alone when compared with

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Speaker 1: the previous year, which is only downe slightly from the

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Speaker 1: five point nine percent pace recorded the previous month, So

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Speaker 1: it's out of control. The upward pressure on home prices

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Speaker 1: is making this the most unaffordable housing market in history

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Speaker 1: first time in moderate income home buyers in particular, increasingly

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Speaker 1: are being left out of the housing market. The policies

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Speaker 1: of the Bidenhirris administration and Democrats in general are the

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Speaker 1: sole cause of the disaster. The report's dates. Democrats are

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Speaker 1: against building new homes, especially single family homes. What Democrats

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Speaker 1: really want is what they call density, which is focusing

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Speaker 1: and forcing all of us into studio apartments in their cities.

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Speaker 1: This makes us easier to control. Look at communist countries

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00:25:21,800 --> 00:25:25,360
Speaker 1: and look at their housing. Look at China, look at Russia.

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Speaker 1: When I was in Hungary, they would point to buildings

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Speaker 1: and they would say that's communism and that's freedom. And

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Speaker 1: you could tell the difference just in the beauty of

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Speaker 1: what was being built, the beauty of the apartment building

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Speaker 1: built under freedom next to the building that was built

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Speaker 1: under communism. And Russia was in control and When you

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Speaker 1: see it that way, it makes sense.

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Speaker 2: It makes us easier to control.

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Speaker 1: And they make no secret about this, by the way,

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00:25:56,440 --> 00:26:00,040
Speaker 1: either Their reason is based on these ideas that you,

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00:26:00,040 --> 00:26:03,760
Speaker 1: you and your life are not your own, that cities

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00:26:03,800 --> 00:26:06,720
Speaker 1: are better for the environment when everybody's packed on top

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00:26:06,800 --> 00:26:08,200
Speaker 1: of each other like sardines.

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Speaker 2: That is what they want to do.

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Speaker 1: They want to force you into a certain style of living,

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Speaker 1: regardless of the filth, regardless of the grime, regardless of

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00:26:18,440 --> 00:26:22,280
Speaker 1: the trash, regardless of the of the lousy air and water.

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Speaker 1: They want you in these cities. If you want to

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Speaker 1: see clean streets, clean water, clean air, where do you

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Speaker 1: have to go? You got to go to rural America,

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Speaker 1: by the way, that's where Trump voters are. Oddly enough,

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Speaker 1: and housing in these big cities is a disaster.

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Speaker 2: Try building a new home in a.

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Speaker 1: Great area of town in one of these Democrat run cities.

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Speaker 2: You can't afford it.

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Speaker 1: And on top of scarce housing, democrats like Harris have

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Speaker 1: imported new numbers are saying maybe upwards of thirty million

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Speaker 1: illegal immigrants that are directly competing with American citizens for

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Speaker 1: housing each and every day.

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Speaker 2: What does that do?

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Speaker 1: It drastically drives up the cost of pricing on homes

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00:27:07,600 --> 00:27:12,359
Speaker 1: and rental apartments or rental homes. The other problem is

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Speaker 1: that Harris and Biden have also set up what I

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Speaker 1: would describe as a plague upon all of us to

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00:27:18,560 --> 00:27:23,000
Speaker 1: make our dollar even weaker. We mentioned this earlier, inflation

473
00:27:23,800 --> 00:27:26,400
Speaker 1: the worst most of us have seen in our lifetime.

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Speaker 1: So you have the highest housing costs in our lifetime,

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00:27:29,880 --> 00:27:32,520
Speaker 1: with the worst inflation and most of us seen in

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00:27:32,520 --> 00:27:36,159
Speaker 1: our lifetime. You have a president and Harris who have

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00:27:36,359 --> 00:27:41,560
Speaker 1: slashed domestic energy production, which has exploded energy prices and

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00:27:41,640 --> 00:27:47,240
Speaker 1: raised the cost of literally everything. Wow, the government is

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00:27:47,280 --> 00:27:52,359
Speaker 1: spending like drunken sailors. We're talking trillions of dollars that

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00:27:52,400 --> 00:27:54,479
Speaker 1: we are spending that we don't have in our government.

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Speaker 2: So what does that do?

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00:27:55,960 --> 00:28:00,359
Speaker 1: It cheapens the dollar and it explodes prices even more.

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00:28:01,680 --> 00:28:04,840
Speaker 1: It makes even more expensive to build a home, more

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00:28:04,920 --> 00:28:06,880
Speaker 1: expensive now to buy a car than we've ever seen.

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00:28:06,960 --> 00:28:07,639
Speaker 2: Or insurance.

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Speaker 1: I mean, you've seen that list of where prices are

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00:28:10,119 --> 00:28:13,560
Speaker 1: right now and how much it costs you just to survive.

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00:28:15,160 --> 00:28:17,560
Speaker 1: So you look at all this and are they trying

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00:28:17,560 --> 00:28:19,360
Speaker 1: to tamp down this record inflation?

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00:28:19,680 --> 00:28:21,000
Speaker 2: No, they're not.

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Speaker 1: Because interest rates went up, and that gives them, honestly

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Speaker 1: more control.

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Speaker 2: This is a traffic jam in the housing market.

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Speaker 1: And then all of this you can compare to what

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00:28:34,240 --> 00:28:38,680
Speaker 1: happened with Donald Trump. It was the first time that

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Speaker 1: I've ever seen, and most Americans ever seen, an interest

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00:28:42,240 --> 00:28:45,760
Speaker 1: rate at under three percent. A thirty year mortgage rate

498
00:28:45,840 --> 00:28:49,040
Speaker 1: during the Trump years has more than doubled now under

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00:28:49,120 --> 00:28:52,840
Speaker 1: Biden and Harris seven and a half percent, seven to

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00:28:52,840 --> 00:28:56,800
Speaker 1: three quarters. Right, these are the numbers now. They now

501
00:28:56,920 --> 00:29:00,440
Speaker 1: sit around six and a half to seven still more

502
00:29:00,480 --> 00:29:04,720
Speaker 1: than double where it was when Trump left office. When

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00:29:04,760 --> 00:29:07,200
Speaker 1: you look at what that means, go look at a

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00:29:07,200 --> 00:29:09,440
Speaker 1: four hundred thousand dollars house, put in three and a

505
00:29:09,480 --> 00:29:11,120
Speaker 1: half percent interest, and then put in six and a

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00:29:11,120 --> 00:29:13,760
Speaker 1: half and see the difference every month on top of

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00:29:13,800 --> 00:29:18,720
Speaker 1: all the inflation. Right, I mean, this is insane. I mean,

508
00:29:19,040 --> 00:29:21,120
Speaker 1: believe it or not. A jump in a thirty year

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00:29:21,160 --> 00:29:23,720
Speaker 1: mortgage rate from just under three percent to six point

510
00:29:23,800 --> 00:29:26,800
Speaker 1: five percent almost doubles what you will end up paying

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00:29:26,840 --> 00:29:29,760
Speaker 1: for the house over the thirty year period, meaning that

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00:29:29,960 --> 00:29:32,520
Speaker 1: all of that money that you have going into your

513
00:29:32,520 --> 00:29:36,360
Speaker 1: house right now could have been saved for your retirement

514
00:29:37,200 --> 00:29:40,600
Speaker 1: it almost doubles your mortgage payment. Go look at it.

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00:29:41,800 --> 00:29:46,360
Speaker 1: And additionally, these high mortgage rates that have decreased the

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Speaker 1: number of homes available on the market. Most people sell

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00:29:49,240 --> 00:29:52,640
Speaker 1: their homes are looking at buying another home. So yeah,

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00:29:52,720 --> 00:29:54,960
Speaker 1: you may make some money on that first home, but

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00:29:55,000 --> 00:29:57,920
Speaker 1: you're immediately that money disappears when you're having to buy

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00:29:58,000 --> 00:30:02,800
Speaker 1: the second one. But this is all being done by design, folks,

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Speaker 1: That's what I want you to understand.

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Speaker 2: It's all being done by design. They want you to

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00:30:10,800 --> 00:30:15,160
Speaker 2: be dependent on them for everything. Make sure you share

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00:30:15,160 --> 00:30:17,600
Speaker 2: this podcast with your family and your friends. Please share

525
00:30:17,600 --> 00:30:20,280
Speaker 2: it on social media so that others will hear what

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00:30:20,320 --> 00:30:22,320
Speaker 2: I'm exposing. And I'll see it back here tomorrow