THANK YOU FOR BEING WITH US.
>> THANK YOU SO MUCH.
>> Sean: NOW WE TURN --
SORRY, DON’T BLAME THE
MESSENGER TO THE NOT SO GOOD
NEWS -- EARLIER TODAY, THE
MASSIVE THREE QUARTERS OF A
POINT RATE HIKE FROM THE
FED.
NOW, THIS IS THE THIRD
INCREASE FROM THE FED SINCE
JOE BIDEN TOOK OFFICE.
GOLDMAN SACHS, FOR EXAMPLE,
PREDICTS IN THE NEXT TWO
YEARS, AS MANY AS 11, MAYBE
MORE.
ANY WAY, THREE SO FAR.
MANY MORE EXPECTED AND AS
INFLATION IS CREATING THE
SAVINGS AND RETIREMENT FUNDS
-- YOU’RE ALL WATCHING IT,
YOU’RE ALL SEEING IT, DONALD
TRUMP PREDICTED IT, IT’S
HURTING AMERICANS ALL ACROSS
THE COUNTRY, ESPECIALLY THE
POOR, THE MIDDLE-CLASS,
PEOPLE ON FIXED INCOMES.
2/3 OF AMERICANS ARE NOW
LIVING PAYCHECK-TO-PAYCHECK.
SADLY, RATE HIKES ARE NOT
GOOD FOR, FOR EXAMPLE,
PROPERTY VALUES TO PUT IT
MILDLY.
LET’S BREAK DOWN WHAT THIS
RATE HIKE MEANS, FOR EXAMPLE
EXAMPLE.
NOW, UNDER DONALD TRUMP, IN
2020, MANY AMERICANS, THEY
WERE GETTING MORTGAGES WITH
INTEREST RATES AROUND 3%,
SOME EVEN LOWER IN THE TWOS.
I’M TALKING ABOUT A 30-YEAR
FIXED RATE.
NOW, IF YOU BOUGHT A
$400,000 HOME, LET’S SAY YOU
PUT 20% DOWN, YOUR MONTHLY
PAYMENT ON A 30-YEAR LOAN
WOULD BE $1,993 A MONTH.
AT THE END OF 30 YEARS, THE
TOTAL MORTGAGE PAID WITH
INTEREST IF YOU BOUGHT A
$400,000 HOUSE, IT WOULD BE
$485,600.
NOW, YOU GO A HALF A POINT
OR A HALF A PERCENT INCREASE
IN INTEREST RATES, YOUR
PAYMENT GOES UP BY $100.
AND THE TOTAL PAYMENT PAID
OVER 30 YEARS GOES UP BY
$32,000.
ANOTHER HALF A POINT, YOU’RE
LOOKING AT A $200 INCREASE
EVERY MONTH AND A $64,000
HIKE ALTOGETHER.
THAT’S AT 4% INTEREST.
NOW, PRIOR TO TODAY, A
30-YEAR FIXED MORTGAGE WAS
AVERAGING -- WELL,
6.3-SOME-ODD PERCENT.
AT THAT RATE, YOUR MONTHLY
PAYMENT IS $500 MORE THAN IT
WOULD HAVE BEEN IN 2020, AND
THE TOTAL AMOUNT THAT YOU
WOULD PAY OVER THE COURSE OF
YOUR LOAN WOULD BE $203,000!
WOW!
NOW, TODAY, IT GETS A LOT
WORSE.
RATES NOW EXPECTED TO GO AS
HIGH AS 7.5%.
LET’S TAKE A LOOK AT BUYING
THAT SAME HOME.
THAT MEANS IF YOU COMPARE
THE RATES IN 2020 UNDER
DONALD TRUMP, WELL, YOU’LL
PAY $1,000 MORE PER MONTH
AND AFTER TODAY’S HIKE AND
INTEREST RATES GOING UP,
YOU’LL SPEND A WHOPPING $
$320,000 MORE OVER THE
30-YEAR COURSE OF YOUR LOAN
AFTER TODAY.
THE SAME PRICE YOU WOULD
HAVE ONLY PAID FOR, WHAT?
A YEAR AND A HALF AGO?
I MEAN, IT’S UNBELIEVABLE!
IT’S STAGGERING!
NOW, AT THESE RATES, THAT
MEANS PURCHASING A HOME NOW
IS GOING TO BECOME
UNAFFORDABLE FOR MANY
AMERICANS, IF NOT MOST
AMERICANS.
THAT MEANS SALES OF EXISTING
HOMES, THAT’S GOING TO
PLUMMET.
KNOW THE DAY AND AGE YOU PUT
A HOUSE ON THE MARKET AND 15
PEOPLE COME IN, AND PEOPLE
ARE BIDDING ABOVE ASKING
PRICE, THOSE DAYS ARE NOW
GOING TONED, EXCEPT FOR --
GOING TO END, EXCEPT FOR
STATES WHERE PEOPLE ARE
MOVING TO LIKE FLORIDA,
TEXAS, TENNESSEE AND THE
CAROLINAS BUT FOR MOST
STATES, HOME VALUES WILL
PLUMMET.
NEW HOME CONSTRUCTION WILL
COME TO A SCREECHING HALT
KILLING CONTRACTORS.
FEWER AND FEWER AMERICANS
ARE GOING TO REFINANCE HOMES
AND GUESS WHAT?
THE PROPERTY VALUES THAT’S
BEEN RISING OVER THE LAST
NUMBER OF YEARS, THAT, LIKE
YOUR STOCK MARKET AND YOUR
401(k), THAT WILL PLUMMET.
IN FACT, THEY’RE ALREADY
GOING DOWN AS WE SPEAK.
THIS WILL NOT ONLY IMPACT
THE HOUSING MARKET US ABOUT
ALSO AMERICA’S FINANCIAL
INSTITUTIONS.
WE’RE HEADED STRAIGHT FOR A
RECESSION, EVEN AS INFLATION
CONTINUES TO CLIMB.
NOW, THIS WEEK, WE ALSO
LEARNED THAT THE PRODUCER
PRICE INDEX -- THIS MEASURES
WHOLESALE PRICES THAT
BUSINESSES PAY AND YOU PAY
MORE ON TOP OF IT -- IT’S UP
A WHOPPING 10.8%.
IF YOU WATCH THIS PROGRAM,
YOU KNOW THE DRIVER OF THESE
COSTS IS RECORD HIGH GAS
PRICES AND DIESEL PRICES.
JOE BIDEN COULD WORK TO
BRING THOSE PRICES DOWN
RIGHT NOW AND DON’T TAKE MY
WORD FOR T LET’S LISTEN TO
-- WORD FOR T LET’S LISTEN
TO KEVIN O’LEARY, CNBC, TAKE
A LOOK.
>> THE ECONOMY AND THE
MARKET WON’T BE ABLE TO
RECOVER UNLESS WE SEE SOME
RELIEF AND RELIEF THAT WE
CAN BELIEVE IS A LONG-TERM
SOLUTION FOR OIL.
>> HERE’S HOW YOU FIX THAT
PROBLEM.
IT WAS A POLICY MISTAKE BY
BIDEN WHEN HE CAME IN.
YOU REVERSE THE MISTAKE.
ALL YOU HAVE TO DO IS JOB
OWN.
THE OIL MARKET IS A FUTURE’S
MARKET.
ANNOUNCE YOU’LL HAVE THREE
NEW REFINERIES ON THE EAST
COAST.
ANNOUNCE WE’LL REEXAMINE THE
X-CEL PIPELINE AND GIVE BACK
THE LEECHES AND ENWAR.
ALL OF THOSE POLICY MISTAKES
COULD BE REVERSED BY JUST
GETTING UP AND JOB OWNING
IT!
YOU COULD TAKE OIL DOWN
BELOW $100 IF YOU GOT MORE
ACCOMMODATIVE TOWARDS THE
FUTURES PRODUCTION.
BIDEN MAY NOT DO THAT.
THAT’S ON HIM.
>> Sean: BINGO.
BIDEN WOULDN’T DO THAT
BECAUSE OF THE RADICAL
CLIMATE RELIGIOUS WOKE THAT
RUNS THE ADMINISTRATION
WON’T DO THAT.
BIDEN SENT A VERY MEAN,
THREATENING LETTER TO OIL
COMPANIES DEMANDING THEY
STOP TAKING A PROFIT,
BECAUSE IT’S THE PATRIOTIC
THING TO DO.
JOE, THEY HAVE A FIDUCIARY
RESPONSIBILITY TO THEIR
SHAREHOLDERS, JOE, BUT KEEP
THIS IN MIND ANY WAY DESPITE
THE ADMINISTRATION AND THEM
DEMONIZING AND BLAMING
EVERYONE AND ANYONE BUT
THEMSELVES AND THEY’RE GOING
AFTER THE OIL GIANTS, LET’S
LOOK AT COMPANIES LIKE
EXXONMOBIL, THEIR PROFITS
ARE FLAT OVER THE LAST
QUARTER AND IN 2020, GUESS
WHAT, JOE?
MANY OF THESE COMPANIES LOST
MONEY.
THEY MADE NO PROFIT AT ALL.
BUT YOU’RE NOT GOING TO HEAR
THAT FROM THE ADMINISTRATION
ADMINISTRATION, BECAUSE
THEY’RE JUST LOOKING TO
SCAPEGOAT.
THEY’LL BLAME PUTIN, TRUMP
AND BLAME OIL COMPANIES.
THEY’LL BLAME MEAT
COMPANIES.
THEY’LL BLAME POULTRY
COMPANIES.
SO LET’S BE VERY CLEAR.
JOE BIDEN CAUSED THIS
PROBLEM.
HE CAUSED IT BECAUSE OF HIS
ELECTION PROMISES.
HE TOLD YOU AND PROMISED
EVERY AMERICAN THIS IS WHAT
HE WAS GOING TO DO.
I WILL REMIND YOU, AGAIN, SO
YOU NEVER FORGET IT, AND YOU
CAN TELL ALL OF YOUR
FRIENDS.
TAKE A LOOK.
>> IF WE DON’T STOP USING
FOSSIL FUELS?
>> WE’RE ALL DEAD.
DOING AWAY FOR ANY SUBSIDIES
FOR FOSSIL FUELS, NUMBER
ONE.
AND NUMBER TWO, HOLDING THEM
LIABLE FOR WHAT THEY’VE DONE
DONE, PARTICULARLY IN THOSE
CASES WHERE YOUR UNDERSERVED
NEIGHBORHOODS AND, YOU KNOW
THE DEAL, OK?
AND BY THE WAY, WHEN THEY
DON’T, WE’LL PUT THEM IN
JAIL.
>> KIDDO, I WANT YOU TO JUST
TAKE A LOOK, OK?
YOU DON’T HAVE TO AGREE BUT
I WANT YOU TO LOOK IN MY
EYES.
I GUARANTEE YOU, I GUARANTEE
YOU, WE’RE GOING TO END
FOSSIL FUEL, AND I’M NOT
GOING TO COOPERATE WITH YOU,
OK?
>> WOULD THERE BE ANY PLACE
FOR FOSSIL FUELS INCLUDING
COAL AND FRACKING IN A BIDEN
ADMINISTRATION?
>> NO, WE -- WE’LL WORK IT
OUT.
WE WOULD MAKE SURE IT’S
ELIMINATED.
>> Sean: OF COURSE, HIS
PROMISES DIDN’T STOP THERE.
BIDEN ALSO VOWED TO TREAT
SAUDI ARABIA LIKE A PARIAH
COUNTRY DIRECTLY ACCUSING
THE CROWNED PRINCE OF BEING
RESPONSIBLE FOR THE DEATH OF
JOURNALIST JAMAL KHASHOGGI.
LO AND BEHOLD, JOE BIDEN IS
HEADED OVER TO SAUDI ARABIA
TO MEET WITH THE CROWNED
PRINCE WHERE OUR PRESIDENT,
I’D BET PRETTY MUCH EVERY
PENNY I HAD, HE’S GOING TO
GRAVEL ON HIS HANDS AND
KNEES AND BEG THE CROWNED
PRINCE TO PUMP MORE OIL, ALL
BECAUSE THE RELIGIOUS
CLIMATE ALARMIST CULT IN THE
DEMOCRATIC PARTY WON’T LET