DAVID: A LOT OF TALK TODAY ABOUT
WHETHER THE FED IS GETTING
SPOOKED BY THE BANK OF ENGLAND’S
DECISION TO REVERSE COURSE AND BUY BONDS RATHER THAN SELL THEM.
BUY BONDS RATHER THAN SELL THEM.
COULD THE BRIT’S REVERSE.
RUSS VOUGHT JOINS US NOW.
WHAT DO YOU THINK?
IS POWELL GOING TO TAKE NICUS
FROM THE BRITS, THE CENTRAL BANK
OF BRITAIN?
YOU OUTSIDE OF ANOTHER FINANCIAL
CRISIS I DON’T THINK SO.
THE INDICATORS I SEE, HE AND THE
FED ARE FINALLY COMMITTED TO
TACKLING INFLATION AND CERTAINLY
LEARNING THE LESSONS OF THE
1970s INSURING YOU DON’T MAKE
THESE EFFORTS TOP AND GO.
YOU HAVE A PRIME MINISTER TRYING
TO PURSUE SUPPLY SIDE ECONOMICS
AND ECONOMIC GROWTH.
AND YOU HAVE SOME OF THE MARKET
EXPERTS STARTING TO FREAK OUT.
HOPEFULLY THAT DOES NOT CASCADE
OVER HERE.
I DON’T THINK IT WILL AT THIS
POINT.
DAVID: THE BANK OF ENGLAND HAS
TAKEN ITS CUE FROM THE IMF.
THAT’S NOT WHAT LIZ TRUSS WANTS
TO DO.
I USED TO FOLLOW THESE LOANS
WHEN THEY WOULD GIVE THEM TO
SOUTH AMERICA.
THEY ALWAYS GAVE THE SAME
ADVICE.
RAISE TAXES AND DEVALUE THE CURRENCY WHICH KILLED THE
CURRENCY WHICH KILLED THE
COUNTRIES BUT PAID OFF THE BANKS WHICH IS WHY THE IS MF WAS DOING
WHICH IS WHY THE IS MF WAS DOING
IT, THEY LOVED TO PAY OFF THE
DEBTS OF THE BIG BANKS.
THAT’S WHY THEY HATE WHAT LIZ
TRUSS WANTS TO TRY TO DO, LOWER
THE TAXES AND STRENGTHEN THE
POUND.
>> THEY DON’T CARE ABOUT GROWTH,
THEY ARE LOOK AT DEFICITS AND
STATIC REASONING.
THE CRITICISM THEY GAVE TOWARDS
THE PRIME MINISTER, IS IT WOULD
EXACERBATE EQUALITY.
SHE IS TRYING TO GET THE ECONOMY
GOING.
DAVID: IT’S THE GLOBALIST VIEW
PLUS THEIR COMPLETE IGNORANCE OF
WHAT SUPPLY SIDE ECONOMICS DO.
LARRY ALWAYS POINTS OUT THAT IT
WAS THE BLUE COLLAR WORKERS WHO
DID BETTER PERCENTAGEWISE THAN
ANY OTHER INCOME BRACKET.
THE FACT IS IF YOU WANT MORE
EQUALITY BETWEEN THE RICHEST
AND POOREST AND MIDDLE CLASS,
YOU GO FOR GROWTH, RIGHT?
>> YOU PUT INCENTIVES IN PLACE
TO INSURE PEOPLE HAVE JOBS AND
THOSE INVESTMENTS ARE BEING MADE
IN YOUR ECONOMY AND THAT WOULD
MAKE SURE PEOPLE AT THE LOWEST
END OF THE SPECTRUM HAVE THE
OPPORTUNITY TO WORK ON BEHALF OF
THEIR FAMILY AND TAKE RISKS.
YOU CAN’T FIX THINGS IN AN
ECONOMY UNLESS IT’S GROWING.
THAT’S WHY PRESIDENT TRUMP MADE
TAX CUTS SUCH AN IMPORTANT
ISSUE.
I THINK YOU ARE SEEING THAT
ACROSS THE POND IN REGARD TO THE
PRIME MINISTER.
DAVID: THE WOKE VIEW OF
ECONOMICS IS THE MOST AWFUL,
REGRESSIVE WAY OF THINKING.
ALL THESE PEOPLE LIKE AOC AND
OTHERS WITH THEIR THOUSAND
DOLLAR OUTFITS.
THEY ARE NOT REALLY CARING AS
MUCH ABOUT THE MIDDLE CLASS AS
THEY ARE ABOUT MAINTAINING THE
POWER OF THE ELITE THAT CONTROLS
GOVERNMENT BECAUSE THAT’S WHERE
THEY THINK ALL THE POWER
ULTIMATELY WILL LIE.
THAT’S WHERE THE POLICIES ARE
GOING TO HAVE A MORE CENTRALIZED
CONTROL OF THE ECONOMY.
>> THEY HATE THE FREEDOM THAT
COMES WITH BEING ABLE TO SPEND
YOUR OWN MONEY.
THEY WANT IT TO BE THEIR MONEY.
THEY USE IT SO THEY CAN CONTROL
BY DISPENSING IT AND CREATING
BENEFICIARIES, SECTORS OF THE
ECONOMY THAT ARE GOING
SUBSIDIZED THAT ARE DEPENDENT ON
THE FEDERAL GOVERNMENT.
FREEDOM GIVES THE ABILITY OF THE
AMERICAN PEOPLE TO SAY WE’LL
RAISE IT OURSELVES, INVEST IT
OURSELVES.
WE ARE GOING TO BUILD THIS GREAT
COUNTRY.
DAVID: FREEDOM IS THEIR ENEMY,
WHETHER IT’S TALKING ABOUT
CENSORSHIP.
FREEDOM IS THE ENEMY OF THE
PROGRESSIVES.
THEY ARE NOT FOR IT.
THEY ARE WILLING TO CENSOR
BEFORE THEY GIVE INTO FREEDOM.