White House Backs Down on Government Shutdown l The News Why It Matters Ep 189

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Hey, Im Sarah Gonzalez Welcome To The News

and why it matters Glenn what was the top story for you? I am battling today. I think I want to talk about the everything bubble okay all right Still we have a meeting. We all know with the Democrats being in control the house. They’re at least going to talk seriously about impeachment. We have a an interesting guideline about what is an impeachable offense and it comes from a pretty interesting source.

All Right Cant Wait Jason The

lynchpin for chaos is already being pulled in places like Europe and then we saw hints of something like that pulling here in the United States as well. Another development that happened today all right obviously a lot to get into but before we do that want to thank our sponsor Riddhi Zone guys. I just I I want to tell you. Something it’s going to be very shocking. I don’t know but I just want you to stay seated.

Im Glad That Youre Seated.

I had a gingerbread cookie today Wow oh you didn’t even I forgot to mention this. She I forced her to eat a chili cheese Tater Tot I had once the other day you ate it are you do you just not like that stuff. I love that stuff I love it gosh You’ve gotta fantasize about it all the time you’re afraid to go down those roads yes once you got going down the roads there downhill yeah I know this road but you know they don’t know that you know what ready zone was my that was my my saving grace that I was like I took my Reggie’s on today so okay. I’ll have a cookie and it’ll be fine and I just I.

Wont Think About It Later Its All About

not spiral Road to Perdition right not spiraling out of control though right that’s a virtue that helps with it’s like you know you you can have one thing. You know maybe you’re the Christmas party. You have a drink or you have a cookie but like you don’t overdo it and then notice that I finished the entire thing of Chili cheese Tater Tots and you just kind of stopped with that was like how did you do that that’s possible it is possible. I’m here to believe it as possible and Brittany’s own rib you Don’t helps with that booster metabolism and helps you so you’re not craving things like Chili cheese, Tater Tots and gingerbread cookies and all the good stuff that comes with the holidays. You can go to Ribby Zone.

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That’s a three-month supply 30% off that’s a dollar thirty-nine a day that’s nothing that’s peanuts if you want to invest in your health use promo code the Blais that’s our UK u zo and heed comm promo code the blaze go get you 30% off all right Glenn Top story The Internet of Things and the trade War let’s start with the not the Internet of Things the the everything bubble back in 2006. I did an episode on UK and I called it the money bubble and I said we are going to head for a housing bubble and when that thing pops it’s gonna be devastating and what they’re gonna do is they’re gonna bail everything out and start printing money and that will lead to the last bubble of all bubbles and I called it the money bubble It’s now officially been named the everything. Okay, but it’s here and it’s going to pop and we talked about it on the air today Because I’m I haven’t figured out exactly how to take and tie all of these eight things together. These eight topics together for next year, but they all work as one and they’re all starting to coalesce and when you look at our debt.

Our Debt Is Out Of Control And Were

in good times when you look at the debt and the state of the economy here it’s pretty bad when you look at it outside of the United States. It’s devastating we’re talking on the air today and Stu had not heard the fact and I don’t think most people have heard this fact. We’re the only ones that recovered from 2008 over in Europe and especially China. They never recovered. They hit that 2008 bubble it popped we lost.

50 Percent To The Stock Market Took Us

a couple of years maybe four years, but we made it back if you would have left your money in you would see a 400 percent increase from 2008. Okay to put this into perspective of how the rest of the world is still struggling from 2008. If you had money in the stock market and it blew and you had money in the Chinese stock market you lost seventy percent not 50 you lost seventy percent and in the time between then and now you’ve only regained 20% of that okay so that when it bursts around the world its bursting from almost the level of 2008 imagine if we had never recovered how bad things would be we kind of recovered is all bull crap but we recovered so you look at that and you see what’s happening and then. You look at the tension of this trade war and I just finished a show where I bet you and I’d love to hear your opinion. I’ll bet you 90% of the audience.

Maybe 95 Have Never Heard The Facts

that I just laid out on that show agree Yeah, Oh yeah so if you look at what’s happening with the trade war and I’m not sure the president is fully aware of this. I think his advisors are and it explains why his advisors are saying who are all against trade definitely. You know trade barriers are all saying yes China do it China right now is about to burst that’s why they’re putting their people in a cage as we talked about yesterday, but also they are going for the 5G network, which we have I think talked about on the show before it is a race to. The 5G network just like a race to UK between UK and China. If China gets it first? They are already starting to lay the plans and lay all of the deals down to be able to have all of the information from from the Pacific Ocean to the Atlantic Ocean going all the way across China Russia Middle East Europe all the way to Great Britain that means they’ll control all information on half of the world 60% of the world’s population that’s what we’re really trying to stop because they have not only that but an initiative of 2025 China 2025 that’s the year that 5G networks supposed to be complete.

But It Is Also The Year

that they say they will be able to unplug from the world and they will provide all things for the rest of the world. We’re in a war and they’re playing. for keeps and nobody’s even explaining it here to America and you’ve got six total years of the world remaining the way it is if we last that long the world being the way we understand it now borders are gonna change money’s gonna change business is gonna change communications are gonna change in the next six years and if I may just leave you with this if you have money in the stock market and you’re my age. I get it the hell out of the stock market Cuz I don’t see this returning quickly. I was just looking at spending just because this is me how we’ve you know Republicans control all you know you know portions of the government and our spending still hasn’t been cut down and I looked at a chart that showed every time our spending hit hit four percent are greater of UK.

When Those Parts In History Happen One Of

the buys went back it looked like it started around UK era UK New Deal Hey that makes sense that they would spend so much money. They’re trying to do a lot of things. They’re trying to recover from a economic crash and war twos the next World War two was the next one. The financial crash The Cold War height of the Cold War was another one and then the last one was 2008. This is insane so it’s a financial crisis or war, but we’re spending on the same levels as we’re over four percent right now and spending financial crashes in war so why are we spending as if it’s a crisis when the crazy when the crisis hits.

I I Believe When The Crisis Hits.

If we are not together, we are going to be a socialist and. a brave new world community of nations in the West and the the Axis powers will be run by Russia and China and they will control much of the West much of Europe, the rogue nations maybe maybe are in the Middle East and then it’s us I just have to say really quickly. I just really love the optimism that you always bring to the show. I leave about just once a week.

If Youre Asking Me What Really Matters

it’s that because no one is talking about it and kind of to off the point of what you’re making about China and the way that they never really recovered. If you think about us and sort of the same sort of picture our art. Our stock market has recovered. Our economy has recovered in an impressive way since then, but our deficits haven’t we’re in a good economy. Right now in arc we’re hitting 1.

2, 1.

3, 1. 4 or more trillion dollars a year in deficits. These are the deficits that Barack Obama was was hitting At the peak of the financial crisis. We’re hitting them now with nothing else going on and this is almost full employment almost full employment and part of the reason is you know we have a president and now a party.

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I Mean A Republican Party Is Completely

one with Donald Trump. At this point. I think I mean there’s there’s a certain individual exceptions but generally speaking. He’s a populist president that has not one smidgen of libertarianism in him. So there’s no cutting like yeah There’s the tax cuts.

We Get That But As Far As

the spending cuts it not only is is he not succeeding in them as Republicans have failed over and over and over again to actually. succeed he’s got even trying he’s running on the opposite He’s saying I will not touch your Medicare. I will not touch your Medicaid. I remember Paul Ryan is all these big budgets about how we’re gonna cut all these programs and we have to because it’s the only rational thing to do and they never get it done.

This Is Now We Are Now On

the other side of this where we’re combining tax cuts with a guy who’s promising to keep every dime who’s promising to raise military budgets who’s promising to spend a trillion dollars on infrastructure who’s promising and promising to keep precondition conditions in health care. He’s promising all of those spending programs and he’ll promise more if we go down and it’ll get worse. NK] think that those deficits are gonna become a big problem. We’ve never come back to sanity after and it.

It Seems To Be Only Getting Worse

have you guys did you guys see the news last night. There were two stories one the United States. According to the Pentagon cannot compete against the hyper weapons of Russia and China First of all I don’t believe those hyper weapons Don’t.

Summary

Glenn says he wants to talk about the everything bubble . He says the lynchpin for chaos is already being pulled in places like Europe and then we saw hints of something like that pulling here in the U.S. as well . Glenn says it’s all about not spiral Road to Perdition right not spiraling out of control though right that’s a virtue that helps with it’s like you know you you can have one thing.& She I forced her to eat a chili cheese Tater Tot I had once the other day you ate it are you do you just not like that stuff. You’ve gotta fantasize about it all the time you’re afraid to go down those roads yes once you got going down the roads there downhill yeah . Glenn: “I’m glad that you’re seated. I just want you to stay seated.& All right can’t wait Jason. I’m glad you’re sitting. I’ll have a cookie and it’ll be fine and I won’t think about it…. Click here to read more and watch the full video