Back to episode — Episode 2452 CWSA 04/22/24
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u couldn't use it. But suppose you open it up and it was, let's say, four to six charts that just showed you the direction of things. And let's say one of the charts is crime. So you could click on it and then you could explode it by city. Maybe you could look at it by Democrat versus Republican. That'd be a little more provocative. But I'd love to do that to find out whose policies seem to be wo…
← Previous segment →g that most people, literally a majority, think is not likely to be fair and you do it right in front of them, that's your worst case scenario. Worst case scenario. They're doing that right in front of us.
Well, let's talk about the plot to make Bidenomics look good. Zero Hedge is talking about commercial real estate foreclosures at their highest level in a decade. I don't know how big a deal that is yet. If you say the highest in a decade, because we do go through periods of better and worse for real estate. But it's not good. Certainly not good.
And a lot of people ask the question, why don't they just turn them into public housing? You know, why don't you just turn all these offices into condos? And the answer is the only way that would work according to Goldman is if you drop the prices 50%. So in other words you can charge way more for a business office per square foot than you can for a condo. So yes it's physically possible to change them into housing but you would lose your entire economic point of it. So actually you can't. The only way you can do it is if everybody who owns these goes broke and then the value of the thing goes down and then somebody buys it for a penny on the dollar and then they can turn it into residential housing.
So also wrong plumbing, as somebody's pointing out. Now anything can be fixed. Wrong plumbing could be turned into right plumbing at some expense but very expensive. All right. But it does look like, as Zero Hedge notes, that the Fed and everybody are probably trying to just push the problem forward so that Trump's in office when it collapses. It looks like a setup. It looks like they know it's going to collapse and if they could just hold it off until Trump gets elected it's his problem. Because I think 90% of politics is hoping that the economy did well during your rule so you can say it is what you did. Because I honestly I can't really think of anything that Bidenomics did. I mean that you know in theory it lowered some drug prices but I don't think that's resounding through the economy in general.
So a lot of it is the Dilbert filter on things. Things happen because they're going to happen anyway and then the leaders take credit for it. That's the way the real world works. People take credit for things that were going to happen anyway. That's how everything works.
So let's check in on the plot to assassinate Trump. Now as you know the plot to assassinate Trump is to make it look like an accident. So they're trying to talk him up as a threat to democracy so that lots of people have a reason to kill him because they think he's Hitler. So first you create the motivation and you brainwash millions of people into thinking, oh my God, if I could stop Hitler I could do it. So that part we see in action. That's the whole he's trying to ruin democracy thing.
Here's AOC talking about it. She said Trump, who seeks to dismantle American democracy, I am taking that personally very seriously because we will not be able to organize for any movement toward anything if we are facing the jailing of dissidents. This is the kind of authoritarianism that he threatens. We have to take it seriously. The jailing of dissidents. Where have I seen something like that happen befo
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re? The jailing of dissidents. Well a dissident would be like a protester. A protester. Where have I seen a protester being put in jail for protesting? Oh, the entire January 6 hoax in which the thoroughly corrupt members of Congress who should all be in jail, the ones on the January 6 committee should definitely be in jail. And if Trump only does one thing and he puts them all in jail for real cr…
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