what prosecutor, they called for the launch of a nice se investigation into ross as actions during its military operation in ukraine. and human rights lawyer and pro, published by an active, is gifted with that to a points out that the palestinian don't administration has ever rights to expect its actions. audits. parity to be subject to legal investigation by the court as i have no jurisdiction to function and i associate with regards to the, to the ongoing what kind of been corporate trip side by the history of the government and police tense for somebody. this number one, depart less thing is i'll say nothing about all the information i couldn't have cost. i either become a member in 2015 by the by 2 of the members sheep, they wouldn't decide as much a number or the person i could not quote any, what time the finest in our listing. i writes dirty, flat and your 1st time duty is also not good, but i post,

which is what i've been though is the government is deliberately. so i've, let's say i'm booking accessible, so i have access to get access to what's up, access to everything that's kind of like new isn't what the people of and what, what, what kind of thing. so on these gun dots is what plan that has dental sites. secondly, not that initial, they're not as soon as because they have given non member i see if this buckles did . what did with what ballasting does that to me, is that what they, what a good addition to up was it is i could, i could level, i'm also countries who as a member member to or i can see likes up. i've got don't california as kindly as for the flap, what kind of on and the mailbox has been, doesn't i can when i quote it all right, value of the us itself. the glitz and glamour of the annual max gala in new york has been disrupted by pro polish fine for testers outside the venue for these rushed to make arrests, while fashion models, with showing off inside the metropolitan museum of on

the are to the companies where you can get the details of all the stories were following this. alice, thanks for watching and ask of you again the

right here. the economy is on the brink. now our economy is what are the envy of the world? president biden, during his at 2024 stated the union said under his policies, the american economy is literally the envy of the world. what would the cost of every day items consumed by american up or by 18 percent? since the day you took office for the economic data support president biden's class, i know he was it on this edition a story. we're going to discuss the factors which are contributing to this rise. and if it is fair to put the blame on, let's get started. the

president joe biden has to obstacles standing in his way of re election. his failure at the border and the crippling inflation caused by his self termed body nomics agenda. that's by nomics. now, central banks around the world are lowering borrowing cost as a global inflation eases for most emerging economies. yet with most americans, paying more for everything they consume on a daily basis and interest rates at a 23 year high con, with a baffled as to why the american economy is not even in a recession. now, inflation, it stay at 1.4 percent. the month bite and took office and then sky rocketed 9 point one percent of june of 2022. all before falling to 3 percent a year later. but it has been stuck near the still elevated rate since the president's critics have also done this phenomenon by the inflation. now, record interest rates sitting at about 5 percent. the economy has come to

a standstill. inflation is still too high for their progress and bringing it down is not assured in the past for it is uncertain. we're fully committed to returning inflation to our 2 percent goal. restoring price stability is essential to achieve a sustainably strong labor market that benefits all federal reserve chairman drum powell claims. recent high inflation hasn't made it less likely. we will see interest rates cut in the coming few weeks and months or restrict the recent data. i have clearly not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve that confidence. and initially the fed had predicted 3 rate cuts for 2024. but the fed wants to see inflation lower to 2 percent before they make any more cap of producing rates too soon, or too much could result in a reversal of the progress we've seen on inflation. and ultimately require an even tighter policy to get inflation back to 2 percent without those. 8 mortgage rates

or record highs and getting a loan can feel almost impossible. developers are holding new construction. well, business and apartment building sustained, empty. meanwhile, food, groceries, gas, rent, and every other day to day items continue to skyrocket. making only a new home and even having children feel out of reach for song making the american dream even more out of reach. meanwhile, there's a legal immigrants are giving luxury condos, credit cards for centrals and free education. our public school system without paying taxes, subsidies like washington dc are now allowing those illegally in the country to vote in elections. well, let's discuss to joining us now. our political commentator in radio has garland nixon and tax attorney and chairman of the american for, for our taxation. steve, hey, thank you so much for joining. welcome to the show. today. i want to start with you, steve, on this one because inflation continues to be a big problem in the us. do you think it's fair to blame all of it on president

biden? a lot of it, not all of it, i mean, i heard the congress somewhat accountable as well, because even though there is been removed by many republican members and not very many, but the freedom cox is primarily to reduce spending, there really hasn't been any appetite to bring spending down and then you see that things are being passed through congress to continuation yes, it's less than the president would have liked, but it's still there. but i think you have to look at this great increase in spending federal spending in the debt as a large reason. and you've got people paying on an average $12000.00 a year or more. they're having to finance things than they were 4 years ago. you've got prices up in a lot of items, hundreds of items buy over 50 percent. some of the price is a didn't go up. there are fewer of the same. you're oreos in the package and there

were before shrink. you know, what do i say? right? yeah, so what you guy is a situation where i think a lot of it's coming from the top from the president, but i think we have to spread the blame he fully around because you've got a lot of people who are participating in what i believe is going to be your race to the, the cliff and over the clip. well, that's the thing, darling. do you think a lot of people actually realize this is happening, or we can say inflation sir, do you think they're actually noticing it? because it's just a few pennies here. a few pities here. where do you think people realize that inflation is really taking a large impact, like you said, $10.00 to $14000.00 annually out of their normal household budget? absolutely, because you know, a most friends and neighbors that is the, the, that is the most significant issue that i hear, discuss the cost of things, the price of common goods that they need, you know, household goods, fuel, etc. so i think that that is a, it is significant to people. i think that what we're seeing is with the,

by the administration and administration that focuses everything on their crazy world hid gemini plan, to, you know, contain china rush or whoever. and that part of what we're looking at as backlash from that, whether it's fuel prices, whether there's issues with china, rather than focusing on how they can make life better for the american people. they are just spending money on the weapons taking actions that are detrimental to prices at home. so you would obviously advocate for more policies here in united states centrally. but is that kind of a pipe dream? do you actually say, democrats or republicans actually putting money back into the american economy? when it's so much easier to spend it abroad? what would the fact of the matter is if we're honest, they have completely abandoned the american economy, the ruling elite or at this point have, i mean, politically, ideologically, are not align with their constituents. in particular, i would say more. so the democratic party then the republican party as a whole and, and the,

and the element of the republican party that is aligned with abiding administration . they have no focus whatsoever on the needs of the american people. and i think there's going to be some significant prices to pay for that's gone next november. well that's the thing. stay where the worry off. we are an election here. and as you talked about, the latest budget bill as up to more than one trillion dollars being added to the us debt, it's been passed by congress. do you think us congress actually knows or even cares about the inflation issue besides just a campaign speech r r, i will tell you what i believe in garland mentioned, this is the leads you know, the payments are not famous, but again, for most perhaps recipes and poll showing that of the lease which he defined, i believe, is making over 850000 from one of 8 universities living at the metropolitan center . they routinely met in the poll. like 60 some odd percent of the politically active ones. it's ok to cheat on the election. and the reason behind this is because they know better than we do. they're the ones that are advising

people because people like you, people, i, garland, people like me. we're just not smart enough because if we were smart enough, we wouldn't question anything they do because it's all being done for us. so i think it grows actually right. the big problem, and it's not even talked about which is funny, but a lot of the people in biasing members of congress are advocates of what's called modern monetary theory. under modern monetary theory, which actually was helped in the early 19 hundreds, data sets don't matter. as long as you spend money for infrastructure and things and taxes are only used to control inflation. so you've got a lot of diesel leads and they're advising members that are telling them don't worry about the dish. it's ok. don't worry about it. but you see the interest rates going up to finance the data sets. you see

a huge shift down in the number of foreign countries that are willing to bet on the us by buying long term debt. we're becoming a situation where the bed is forcing all of us individuals to compete with government bonds for finance. and, you know, obviously government pots are going to be in a much better rate because they're supposedly guarantee what they're thinking. okay, it's dave just from my next part of this because what role is the fed playing and everything that's going on right now in house, in helping to give us remedies to actually tampered down inflation? we'll see the problem is the said only has one tool. you know, it has once one tool for very, very complicated problem it can raise and lower interest boxing, obviously, your printer, that's the total energy while they are. yeah. unfortunately, print body, they don't even need that anymore. they just need a keyboard. you just put a, you know, put a, a period and lots of zeros behind it. but i think what we're looking at also is what the government is spending on. you know, if the government actually, let's say they build, they put money in the infrastructure schools,

things like that. at least you get a multiplier effect. you get a better educated workforce. you know, you get value that you can transport uh, equipment with better railroads. but when you only spend it on military, like they did one on there was a lot of the american about exactly what the problem is. when you make military products you can store, or you can blow them up, they are a, they are inherently inflationary. so even the spinning they are doing billed, they're claiming that it's going to create jobs. it is inherently inflationary. and might i add, if it were going to create jobs, which it is it to? the jobs wouldn't be in the future because the military industrial complex does not have the ability to produce the things that they're purchasing a mean in the immediacy. so the money goes into their accounts and they say, i will get to this stuff in a couple years. meanwhile, will keep this money and buy back our own stocks or something like that. well, once it goes to circling back to the selves the, that's the problem with all of this. it's like, if you're the new, the elite that we were talking about, they are living in

a whole different world. and i think what most people are having to do so therefore, do they have a real clue that this is going and do you actually the fed so that they were gonna actually cut 3 and 3 times this to your now they're saying they're not using a rate cut of the federal funds would actually help or hurt inflation, considering where we're at today. i think it would have a limited effect. very limited effect. depends on the truck. but i think one of the big problems that's confused the fed. but i think it's fairly simple. is that the reason why we haven't had it in place in which they were all predicting, you know, why it is because consumer spending has been so high. you've got record record credit card. yeah. you've got record delinquencies. you're running out of that stimulus. i mean, if, if people stop buying things, you're going to see a large moves. i turned in inflation because companies will lay people off if you

will have other people having harder time borrowing money to become more productive, which they are now. is that the only way they can compete is make coming more productive care financing. now because of the rates, so you've got a really teetering situation. i don't know if it's gonna yet, between now and november. but i think the credit card spending is speaking. well yeah, that's the primary if it is and you're very card and that way, but the, the credit card does occur, how much can be fed. there's not like a red line of the credit card companies are kind of people off. there's now so many great government programs that you don't work for this credit card will help you get this. other one is data part of the issue and have we seen this before and histories? well, what you're saying underlines a structural problem in our economy. the structural prop problem is we the industrialized and we financial lives. so now the money is made off of complex financial tools that are invented on wall street. it's made off with our economy, runs off the debt, not off of people going into uh to work making something. so the question is always

been, how long can we can keep building debt? and my dad, we have a real estate commercial real estate bomb. we're sitting right here in washington dc. there are empty buildings all around. this thing is waiting to blow. and when that does, of course, you know, the government is going to bail out all of those people because it doesn't bill out the little guys. only the rich people in fact maybe that's why they're so happy and comfortable and protecting the by the administrator going to protect each other. okay, i want to take a break because when we come back, we're going to look at why america and other more developed countries are continuing to see this inflation grow. well, it seems the emerging countries seem to have a better handle on the issue. the

hi, i'm accepted and i'm here to plan with you whatever you do. do not watch my new show . seriously. why watch something that's so different. whitelisted opinions that he won't get anywhere else. welcome to please or do you have the state department c i a weapons, bankers, multi 1000000000 dollar corporations. choose your fax for you. go ahead. change and whatever you do. don't want my shell stay main street because i'm probably going to make you uncomfortable. my show is called stretching time, but again, you probably don't want to watch it because it might just change the way you say. welcome back. i want to continue this discussion on the current economic state of america and the impact it will have on biden's bid for a 2nd term and bringing out because, or comedy or steve gil, along side political commentator and host radio has carla nixon and tax attorney

and chairman of americans preferred taxation. steve hays, welcome to the party, steve gill. you know what, i'll go with something garland was talking around the last segment, real estate inflation in real estate in the fed saying that they're not going to cut that they're not looking to cut it cutting, give it another to cut this year. what problem is it right now? do you think how much of an impact does it have? the fact that our buildings are empty, per real estate is storing. but who's bye? i? well, 1st of all, i'm calling scott the right is a ticking time bomb. you know, when cold except people, how people haven't come back and companies have move forward with less people which means less space to fail. the desire to have a lot more of those big office buildings in downtown. so when a lot of people are, are working remote, you've also seen the impact uh, in post cobra's and of, of the 5 nomics of, of inflation. the small businesses there in the strict shopping centers in suburban and rural america. they're closing their doors,

even big box retailers are closing their door. so it's, it's a commercial real estate problem is an office real estate problem. and as you mentioned with high interest rates, it's, it's having a big impact on people trying to buy a home or, or even pay rent. it is reported out in the last segment, the people making these decisions in washington. they're not driving cars and seeing, you know, gas prices bumps back up, up above $4.00 a gallon when it was a $1.85, they're using the metro. they're not a family having to go to soccer practice and fill up a couple of times a week. and our installation numbers are artificially low because they're not counting food and fuel. the people in washington saying that the food prices aren't bad. they're not shopping for groceries. does anybody that's going shopping? you're getting half of the card for what they used to get a full cards. they're paying more for bread and eggs and everything else. and yet they're telling us inflation isn't really a problem. we just saw g d p numbers come in a full point, less than what they expected, receive inflation numbers, which again, they're artificially holding down be lower. even though they told us 1st there was

no inflation then then that they had controlled it. now they're just saying, wait is gonna have to deal with it. great. another number certificate we can't trust to be accurate. manipulate it again. i'm wondering if there's any numbers that come out of politics these days that we can that being said vitamins, there's a came out as a guest, what inflation is slowing here in the united states. but it doesn't seem, prices are going down, isn't that a good sign that what the white house is feeding isn't the truth. yeah, and it's a, i think we're at a point now where the people on the street are basically trusting what they see. you know, the time over what they used to be tightly the times when the government could say, you know, okay, well this is good or this is bad and people go along with it are far behind us. the trust in the government is, is, is gone. and so i don't hear people saying, well, the government said this or that i hear people say let us was 99, sit now it's 299. they are looking at solid things because they have to buy and they've got $3.00 kids in a mini van that they've got to put food and gas in. and so they're going by what

they see here and feel on a day to day basis. they know how much money they're making and they know what's left if anything, after they get the fact i would argue that it makes people angry. when the government tells them everything's okay. and they know that that they're hurting. they know they're being had. okay. in a way that's almost good news. can i do like the fact that people are paying attention not necessarily taking the government's words straight for what they say . but stephen, you know, effect inflation is usually felt most by the middle and lower class. can americans continue to keep up with this rising pace when it comes to cost of goods? at what point do we see that red line of enough is enough? i think for starting to see of them, this incredible increase in credit card debt. you're talking about, as i said in the last segment, you can see in a lot where defaults, you're going to see people unable to even start making the minimum payments at this point. when that happens, you have it down there. part of behind is the psychology. i better buy it today

because it's going to be a lot more in 6 months. okay. we're thinking like the why am our republic, you know, when money was devaluing every day? but it's going to come to an end because i like government, they can't a trip more money to pay their bills. well that's, that comes either out of your income. they have to reduce something else. you know, gardens is taking them to soccer practice. some of those things are going to be cut back because they only have so many choices. and that's going to happen here, like i talked about, the policy of washington is usually being made by people who haven't had a job since high school. when they were babysitting or boy lines in the private sector, these are people is garlan pointed down and steve pointed out who's been largely protected or did they get paid during coated with nobody else? yes. how are they getting paid regardless?

yes for oh, they don't care. so vacation, probably going to get paid. well, that's the thing that these people are making some decisions and they're going to get paid. but there's also the impact that's going on around the world. and steve, i know how garland feels about this. we just give us a little taste of his opinion. i got to ask you, what do you feel like the impact does of from america and is rising cost me a place that we're having on other countries? it didn't seem to be reducing the amount of aid us is given to other countries. all the not the only thing that's producing is here at home. well it and sadly we're borrowing billions and billions from china and then spending that money on stuff we buy from china. we're borrowing it from them, and they're giving them back the money. when i was working for the, for the us government, us trade representative's office, we were working on that to expanding trade draft caribbean basin in south and central america. and those countries would say very clearly when the us sneezes we catch pneumonia. and so when the us economy has, has a problem, the rest of the world suffers and suffers dramatically. and there are huge red flag

warnings that the, during the next several months things were going to get much worse, rather than better as our inflation numbers go up. as we continue to stand, as stephen pointed out, money, we don't have putting it on the, on the credit card. american people are keeping pace with what they need to buy by putting it on the credit card. and they're paying 18 to 15 percent interest rate on that money. there is a huge crisis coming there and gas prices are going to go up, divided ministration is talking about releasing what level we have left in our strategic petroleum reserve to try and buy some lower gas prices as we headed into september and october. yeah, that made marginally move. the price is down like they did last election year. but the reality is those prices will remain high and on like everything else, people drive around the town. they see those gas prices on every corner. they know the difference in a buck, $85.00 and $4.00. 09. and they're a big signs on every corner of the device administration cannot. hi. well, it's interesting because i feel like post the pandemic, a c brought up, you know,

cove in the smaller countries. we're actually better at guess financing, and that's the point that we make stupid decisions here in the country all the time about it. you know, they make better decisions in the united states to the u. k. to france. does this mean that they have handled an economic that can handle that economic crisis just because they're so small? well, and i think part of it is it, they're, they're, they're working to get out from under the u. s. umbrella, which has been, which has been economically predatory, which has been di, a math, etc. go into their countries, leave them in giant dead holes and they're working to get out from under that debt . so i think that's one of the things that's working on their behalf. i do think that tony blinking is in china right now and there's another disaster divided ministration. are always doing something crazy. he's going to go there, infuriate the chinese and they're, you know, by sanctioning their banks or something. something will happen in return that will hurt the american people. the thing you remember about that when we talk about that, there's one thing to remember. we talked about owing debt,

but there are people who the, who finance the debt, the people who we owe the debt to. those are the people that are financing to buy and administration. so they're thrilled with is that for all of the anger that the working class talks about with that, the people who are financing the politicians don't want to see a change because that's, that's how they eat on that side of it won't take care of that. you know, stephen, do you believe in america based on what we're doing right now is on a crash course for recession? and when do you think we could see that actually physically occurring in the united states, or? i think they're going to keep stimulating the economy through the election in every way they can. i mean, we're looking at, i mean, it was predicted it would be by now earlier in that i don't know. that's the only reason that i think the credible increase in credit card spending yourself concept that i think sometime in the 1st quarter of next year we're going to so you're a pretty heavy cut back. you know, a lot of things in this economy. i mean,

st. pointed out as the g d p is down, but you know, it's hard to predict because when you get free money in your delay, the inevitable, and that's what they're doing, you're giving free money, they're giving benefits or adding programs and disperses. but i think that, you know, mary, go round is going to stop. okay. i think it's going to be in the quarter of next year. so the steve deal, i gotta give you the last 4 on the she mentioned that they're going to release what little they have left our oil reserves to try to bring the gas prices down close to the election. is there anything else that will give us a fake sense of stability and calmness in regards to the economic situation? the united states that we can expect to happen in the next 9 months? i think for the most part, everything is already paid. then you're not going to see a dramatic reduction in, in oil prices, gas prices, inflation g d b is not going to go up dramatically and is gone and mentioned, we're over it with our answer, the blankets threatening china and their banking industry for us doing or for them

doing business with russia, we're threatening india, that if they keep buying russian oil, we're going to put sanctions on them. paddle drive up gas prices, everything divide that those ration is doing is making things worse. and just by an example, g d, p in russia is about 2.6. ours is $1.00, there inflation is about 7 hours, just re out real terms about the state, and that's with them having to face sanctions. we're destroying the world economy. in addition to our own, and it's going to get worse rather than better, and stevens right? the real, she's going to drop right after the electric. we're going to pay the price for the state means of trying to cover up how bad bind nomics actually is. well, there's more common sense being spoken, i think on this page say then down the street at pennsylvania, 1600 pennsylvania avenue. i want to thank you so much for joining our panel girl and nicks and steve gale and steve hayes. i think it is foolish to say the economy cannot be predicted. granite and crisis can always have an effect. but

in modern times, the responsible action would be to be prepared rather than soley reactionary. if we have learned anything over the past few years, when it seems we have overcome one crisis, there's going to be another one just around the corner. the difference is if a politician uses the crisis at the moment for their own benefit, printing and releasing at large amounts of money with little accountability to the public. might when you vote in the short term, but creates an economic mess, which sadly is felt longer by the people. then it presents terminal. i've got now here's into spinning your 360 view. thanks for watching the the,

[000:00:00;00] the russian president vladimir, put a new swan in for a new 6 year tub saying he's determined to overcome another period of difficult mazda bill. the consolidated wheel of millions of people is a colossal force. evidence of our coming from belief that we ourselves will determine the fate of russia and only ourselves for the sake of today's and future generations. the he's ready for face, take the gab inside of the rob, across that would be on the control. and that's despite him as