"LIFE, LIBERTY AND LEVIN.".
>> GOOD EVENING WELCOME TO
"THE NEXT REVOLUTION" THIS
WEEK MORTGAGE RATES ROSE
FIVE.7 PERCENT THE HIGHEST
LEVEL AND DOUBLE THAN WHAT
THEY WERE LAST ARE THE BIGGEST
WEEKLY INCREASES 97.
ON TOP OF THE LOWEST LABOR OVER
YEARS YOU HAVE THE BIGGEST
MORTGAGE HIKE WHAT A HISTORIC
ADMINISTRATION THE SPECIFIC
REASON NOT JUST MORTGAGES BUT
EVERYTHING ELSE FROM CARLOS TO
CREDIT CARD DEBT ARE ALL SET
TO GET MUCH MORE EXPENSIVE NOW
THAT THE FED DECIDED TO RAISE
INTEREST RATES BY THREE
QUARTERS OF A POINT.
HERE’S A GOOD QUESTION TO ASK
ON A TOPIC SUPPOSED TO BE RUN
BY THE PEOPLE WHY IS THERE
SUCH MASSIVE CONSEQUENCES FOR
THE DAILY LIFE OF EVERY
AMERICAN?
BUT THE BOARD OF GOVERNORS OF
THE FEDERAL RESERVE LED BY THE
CHAIRMAN JEROME POWELL?
THERE IS A THEORY BEHIND IT.
AND CONSTITUTIONAL THEORY OF
GOVERNANCE THAT ACTUALLY
DETERMINES MUCH OF WHAT
HAPPENS IN THIS COUNTRY EVEN
THOUGH WE NEVER TALK ABOUT IT
OR DEBATED.
DESPITE WHAT IT SAYS IN THE
CONSTITUTION DESPITE WHAT WE
LIKE TO SAY WE THE PEOPLE MUST
NOT BE IN CHARGE.
WE THE PEOPLE ARE TOO STUPID
OR LAZY OR DISTRACTED TO BE
TRUSTED WITH POWER OR EVEN TO
EXERCISE THROUGH THOSE WE VOTE
FOR IN THE ELECTION.
INSTEAD WE NEED EXPERTS WHO
ARE INDEPENDENT THAT ARE NOT
STUPID OR LAZY OR DISTRACTED
THAT
WISE, DILIGENT, INDISPENSABLE.
I’M HERE TO TELL YOU BASED ON
RECENT EVIDENCE THEY ARE
IDIOTS.
TALKING ABOUT INFLATION JUST A
FEW MONTHS AGO, YOU KNOW HE’S
AN EXPERT BECAUSE HE WON THE
NOBEL PRIZE FOR ECONOMICS.
>> HEADLINES ARE ABOUT TO COME
DOWN.
WE ARE ABOUT TO GET A SERIES
OF MONTHLY NUMBERS THAT ARE
BELOW WITH THE CORRESPONDING
MONTH LAST YEAR WHICH MEANS
THE ANNUAL RATE OF INFLATION
IS DROPPING FOR THE NEXT
SEVERAL MONTHS.
STEVE: PAUL KRUGMAN TOLD US DEFINITIVELY AND CATEGORICALLY
DEFINITIVELY AND CATEGORICALLY
THAT HER WRISTS METRIC ON --
THAT WE ARE BOUND TO SEE
INFLATION FOLLOW OVER THE NEXT
FEW MONTHS BUT IT ROSE AT
EIGHT.6 PERCENT.
AND THE FEDERAL RESERVE IS
FULL OF EXPERTS LIKE PAUL
KRUGMAN IN FACT THE FEDERAL
RESERVE BOARD EMPLOYEES 400 PHD ECONOMISTS.
PHD ECONOMISTS.
400 OF HIM THAT SHOULD BE THE
NEW COLLECTIVE NOUN WITH A
HERD OF CATTLE A PRIDE OF
LIONS AND A PARLIAMENT OF
VOWELS AND NOW A KRUGMAN
ECONOMISTS.
THEY HAD BEEN TALKING IT UP
FOUR YEARS UNDER JANET YELLEN
THEY KEPT PRINTING TRILLIONS
OF DOLLARS OUT OF THIN AIR
PUMPING UP ASSET VALUES
HELPING STOKE TODAY’S
INFLATION AND TREASURY
SECRETARY HELP TO PUSH THE
WRECK LIST SPENDING SPLURGES
WITH THOSE SPIRALING OUT OF
CONTROL PROBABLY THE SINGLE
PERSON IN THE WHOLE WORLD MOST
RESPONSIBLE FOR OUR CURRENT
ECONOMIC WOES FOR DON’T WORRY
SHE IS AN EXPERT TELLING US
INFLATION WOULD BE TRANSITORY
NOW SHE SAYS THERE WILL BE A
RECESSION.
>> I KNOW PEOPLE ARE VERY
UPSET AND RIGHTLY SO ABOUT
INFLATION INFLATION, BUT
THERE’S NOTHING TO SUGGEST
THAT A RECESSION IS IN THE
WORKS.
STEVE: GIVEN HER TRACK RECORD
IT WOULD BE MORE REASSURING IF
SHE SAID THERE WAS A RECESSION
AND THE EXPERT IDIOT WHO IS
HER SUCCESSOR CAN HARDLY MAKE
THINGS BETTER.
WE ARE NOT TRYING TO INDUCE A
RECESSION RIGHT NOW.
LET’S BE CLEAR ABOUT THAT.
STEVE: ARE YOU DON’T NEED TO
BECAUSE YOU ARE ALREADY DOING
IT FOR YEARS.
HONESTLY MY CHICKENS WOULD’VE
DONE A BETTER JOB OF MONETARY
POLICY THAN JEROME POWELL RAND
PAUL KRUGMAN IN THE 400
EXPERTS.
MEANWHILE BIDEN POPS UP TO
GIVE A HANDPICKED REPORTER AND
THEN YOU DON’T SAY I WONDER
WHY THAT COULD BE?
IT IS A MYSTERY.
BIDEN PROCEEDS TO WASH HIS
HANDS FOR ANY RESPONSIBILITY
IN THE CURRENT ECONOMIC
CLIMATE SAYS IT’S NOT HIS
FAULT.
DON’T BLAME ME BUT ACTUALLY
THAT IS THE DEEPLY DISTURBING
TRUTHS ABOUT THE RULING ELITE
THEORY OF GOVERNMENT BY
EXPERTS IT GIVES THE
POLITICIANS AND OUT AND A WAY
TO DUCK RESPONSIBILITY.
YOU CAN SEE NOW WITH THE BABY
FORMULA FIASCO.
DON’T BLAME US IT’S THE
EXPERTS AT THE FDA THE BUMBLING BUREAUCRATIC IDIOTS
BUMBLING BUREAUCRATIC IDIOTS
WHO CAN BARELY TALK TO EACH
OTHER ABOUT WHAT THEY WERE
DOING THEN SHUT DOWN A FACTORY
THE DEVASTATING CONSEQUENCES
FOR AMERICA’S FAMILIES AND
HUMILIATION IN THE WORLD AND
WE HAVE TO BEG FOR FOOD TO
FEED BABIES ALTHOUGH THERE WAS
NO LINK BETWEEN THE FACTORY.
GREAT IDEA TO PUT THEM IN
CHARGE.
WHEN THE EXPERTS SHOWED UP
THEY TURN TO THE MILITARY TO
BAIL THEM OUT FLYING IN
PALLETS OF BABY FORMULA.
BUT ACTUALLY WINNING WARS LIKE
THE IRAQ WAR OR THE AFGHAN WAR
WAR, WE DON’T DO WINNING.
WE SCREW THINGS UP.
>> IT IS OBVIOUS WE DID NOT
AND ON THE TERMS THAT WE
WANTED WITH THE TALIBAN NOW IN
POWER.
STEVE: CAN I KEEP MY JOB?
OF COURSE.
THAT’S THE NUMBER ONE RULE NO
ONE IS EVER HELD ACCOUNTABLE.
NO MATTER HOW MUCH THEY SCREW
UP UP.
WE HAVE SEEN THE CROWNING
GLORY OF THE EXPERT IDIOTS
TAKEOVER OF THE CORONAVIRUS
PANDEMIC.
WE DON’T HAVE TIME TO GO INTO
IT NOW WITH THE FALSE WEARING
OF MASKS AND THE SOCIAL
DISTANCING AND THE
COUNTERPRODUCTIVE LOCKDOWNS
AND CLOSURES BUT LET’S JUST
TAKE A MOMENT TO REMEMBER THE
SELF-IMPORTANT AND THE BRAVE
UNCERTAINTY OF THESE EXPERT
IDIOT TO TURNED OUT TO BE
COMPLETELY DEVASTATINGLY WRONG.
SPENT WHEN PEOPLE ARE
VACCINATED THEY CAN BE SAFE
THEY WILL NOT BE INFECTED.
>> THE DATA FROM THE CDC
SUGGEST THAT VACCINATED PEOPLE
DO NOT CARRY THE VIRUS AND DO
NOT GET SICK AND NOT JUST IN A
CLINICAL TRIALS BUT ALSO
REAL-WORLD DATA.
STEVE: THEN THE COLLEGE --
GULLIBLE STOOGES FALL TO THE
COLTS OF THE EXPERTS
REGURGITATE THE EDC AS IF
TABLETS OF STONE FROM ON
HIGH.
>> THE VIRUS STOPS WITH EVERY
VACCINATED PERSON.
VACCINATED PERSON IS EXPOSED
TO THE VIRUS AND THE VIRUS
DOES NOT INFECT THEM AND
CANNOT USE THAT PERSON TO GO
ANYWHERE ELSE.
IT CANNOT USE A VACCINATED
PERSON AS A HOST TO GET MORE
PEOPLE.
STEVE: SHE IS SUCH AN EXPERT.
IT IS ALL LAUGHABLE NOW ON THE VAST MAJORITY.
VAST MAJORITY.
BUT IT KEEPS HAPPENING.
WE CANNOT JUST SUBCONTRACT
VITAL DECISIONS.
WHEREVER YOU LOOK THE PANDEMIC
LOOK AT WHAT THE EXPERTS HAVE
DONE WITH A TRAVESTY EVEN IF
IT WASN’T ANTIDEMOCRATIC TO
PUT THAT IN THEIR HANDS WHICH
IT IS AN EVEN IF IT DIDN’T
CONTRADICT THE VERY IDEA OF
WHAT AMERICA WAS BUILT ON LIKE
SELF-GOVERNMENT ON A BASIC
PRACTICAL LEVEL, GOVERNMENT BY
EXPERTS DOESN’T WORK BECAUSE
AS WE HAVE SEEN TIME AND TIME
AGAIN AGAIN, THE EXPERTS ARE
IDIOTS.