Loudoun County public schools didn’t report multiple alleged sexual assaults; Joe Biden claims success in his covid policy while ignoring the facts; and the White House says that inflation and supply chain bottlenecks are ‘high-class’ problems.
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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Loud and county public schools didn't report multiple alleged sexual assaults, Joe Biden, clay
success in his covered policy, while ignoring the fact and the White House says that inflation and supply chain bottlenecks are high class problems. I'm bench below this is the benchmark,
job eventually,
show a sponsor by expressive, dp and protect your online privacy today Express vps dot com. Slash ban will get all the news in just one moment. First, your minor you're spending way too much on your cell phone bill. You think have to be there.
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fifty per cent of your very first month of coverage? Okay, so the Delaware has been all over the situation in loud and county, which has national implications because, obviously it's going to be very important for this Virginia gubernatorial rice and should Terry Mccall lose the agreement a Tory race in Virginia? Basically, that's the end of Joe Biden, engine
because a bunch of moderate Democrats across the country it and look at their seats and think if term calleth loses in red
simply Blue Virginia. That means that the amount
public are not happy with the agenda that we are currently pushing at that point.
JANET basically dead until after the midterms and probably beyond that midterms, don't look like their ship, it up well for him, so everyone is focusing in loud and county.
Reporter Lou grows yak over in latin
he's been doing an unbelievable job of uncovering depredations of these
bored in loud and county and the Democratic party infrastructure in places like virgin.
and loud and county, with regard to school board, by the way, the kind of work that Luke is doing. That's really expensive and difficult
That can only happen because of our daily, where members of your already member thank you for making that happened, because, honestly, your membership help pay for Luke, but
not a member. You really should join up and help our rapporteur, as do the kind of work that Luke is doing, is making a huge difference out. There had a member to daily where right now and grab a membership. Obviously this should become a flash point because the
National School Board Union came out and basically requested.
the FBI, Anzio J, investigate people were going
school board meetings and sounding off on how the school board were not
doing their job in terms of educating and protecting their kids. Well, the the
biggest story of the last couple of months came out. Veal, look a little bit earlier this week, that was
the story surrounding a father who was made the face of the current domestic care,
and by the national media. It turns out that father was royally ticked off at one of these meetings, not because he was domestic terrorists, but because
ass, it turns out, is fairly good evidence in key alleges that his daughter was raped in a public school bathroom. I,
bisexual boy wearing a skirt and that the loud and county schoolboy
refuse to acknowledge that the sexual assault had even taken place, which might piss off even the best of us and
This became a national story will now it turns out. There is even more according
who grows yak this morning loud and county public schools did not record multiple mon incidents of away
sexual assault in schools dating back several years, despite a law, requires statistics about school safety incidents to be reported to the public and
it includes provisions holding school superintendents personally liable for violations, Delaware, review public records found after the daily. Why raised
discrepancies. The Virginia department, education, DVD O Ye, spoke
Charles pile said video:
reviewing the discipline, crime and violence status, emissions of loud and county public schools and is in communication with Elsie BS to determine whether the division.
reporting is accurate and whether the division is in compliance with state and federal law. The same law
have implications for Loudon, county superintendent or principle in the wake of a matron
The alleged sexual assault in a bathroom incident first report
by the daily where, on Monday on June, twenty second Superman
Scott Ziegler, told the public quote: two may now.
We don't have any record of assaults occurring in our bathrooms. Virginia
requires that reports. It shall be made to the division superintendent to enter the principle or his designate on all incidents involving sexual assault, the daily, where asked Elsie,
yes, questions last week, including what has done bridge ever reported they may alleged
actual assault in any statistics or made any one aware of it. I'll CBS, hidden
in state law, with director of communications, John Sovereign, replying put any information related to student information is confidential under state and federal laws regarding student privacy, however, state while actually requires
testing on assault and other incidents in schools to be reported to the public in the
annually updated statistics available on a public database called safe school.
information resource administered at the Virginia
education, otherwise, the scoreboard and the school did not have to report to the public. The name of the
people involved the juveniles involved, but they do have report numbers Elsie, BS reported
David Storage, had zero sexual assault, barely twenty twenty two twenty twenty one,
Here, which includes, may twenty eight twenty twenty one
Virginia loss as a super bit of it
superintendent shall annually report all such incidents do the deity for the purpose of recording the frequency
such incidents on forms that shall be provided to the department and shall make such information available to the people,
The issue of missing sex assault statistics aloud and is not limited to the latest case. Raising the problem
and untold numbers of sexual assaults and other infractions have go unreported and October. Twenty eighteen and a case,
was widely reported by the media at the time three football players at us, Correira Height TUSK, aware a high or
didn't charged with sexual assault a source told local media, it
the younger player, was held down by tee major inserted victims who inserted objects.
The victim in a locker room, a spokesperson for Elsie BS, said at the time the case will be subject to disciplinary action. The annual report for two
rare that you reported zero instances of sexual offences against students, Elsie people,
no response at all. Do the delawares questions about the reason for this Euro figures, despite having today to do so, while the suspect in the matron
the alleged assault, was not arrested until July. Eighth, following the
inclusion of investigation, police officers were present at the school that a law enforcement is notified in a police report was filed, though, is not clear who filed the report piled states both been told said that the ESA,
mandatory reporting, is not contingent on the filing of charged by law enforcement, subsequent convictions, in other words, if this was reported to the cops that just means that
has been reported in the stats, but it wasn't reported in the stats additionally, the safe
Stats for that school you were not due to the state until July, sixteenth and in the case of TUSK, Europe, the school
did not end in two months. After the incident and arrest, the district still reported zero and
as for every single year since.
On Wednesday, Elsie BS put out a statement, but did not sentence of daily where its end quote. Loudon County sheriff's office was
contacted within minutes of receiving the initial report. I may twenty Eightth once met
has been reported to law enforcement. L Cps does not begin its investigation until law enforcement, vices Elsie BS, it has completed the criminal investigation. Furthermore, we can't discipline any
even without following title line, grievance processes, but an email from Stone Bridge Princess
him plan which was sent to the entire community it. For forty eight, the day of the alleged rape, told students and parents.
There was an incident in the main office area today that required the wound: County Sheriff's office, to dispatch deputies to stone, bridge.
This corresponds to the story offer by scotsmen the victims, father who said the police arrived because the school call them on
in for making a scene about his impression was not treating the ins.
Seriously, though this is
disaster area for Loudon County if it turns out that the loud in county schools have not been
morning me stats on sexual assault to the public, just another indicator that when you have institutions that are very powerful, they ve every incentive to cover up
all of the bad things happening within those institutions. This is true across institutions, people develop institutional.
Given that work for those institutions- and I dont report defensive happening inside institutions
That's how you end up with children being put in danger now for the left. They don't care. Apparently it
children put in danger by the public schools and that there is,
wide variety of cases in which teachers have have made pray out of their students in public schools across the country. The statistics are, in fact,
what available international story once the catholic church? It's not national story when it turns out that it's the public school system obviously
Even though there are many many more members of the Public
system in the United States, and there are members of the catholic church or subject to priest predation made. There is certainly an ideological components here, a meaning
the family of that girl, whose allegedly regular school bathroom is not pursuing civil action against the allowed in county public schools under title mine. So there
will in fact be a lawsuit.
The parents of the young girl stated quote subsequent to the sexual assault on our daughter, Loudon County public schools.
We're analyze the policy regarding restroom used that was easily exploitable by a potential sexual assailant because of poor planning in Minsk.
policies. Loud and schools fail to institute even minimal safeguards to protect students from sexual assault, the war
for the family says the conduct. Loudon county schools and wound schoolboy directly resulted in the brutal rape of Smith's daughter at Stone Bridge high. It only takes an instant to see how loud and county schools have adversely affected this family and have harmed their daughter. So all of this has resulted in some pretty bad
NEWS for Terry Mythologies ring for governor of Virginia and who is completely in hock to the teachers unions in the state of Virginia he was asked yesterday about whether pair
should be in charge of education, and this, of course, remain.
a major issue and across the country parents would like to be in charge of their children's education. Public schools are delegated your
get to educate them in the ways that you see that they are not delegated to the power to educate them
solely as they see fit because, frankly, they are not
qualified to do so, nor empowered to do so. That is not the purpose of local public schools,
Any better illustration of the process has made this worse. Its created a massive disconnect between the bureaucrats are supposed to educate your children and you. This is why increasingly parents are taking their kids out of the public,
It was putting them in private schools, homes, schooling, them trying to find charter schools doing
anything they can to renew,
but remove the monopoly on indoctrination now provided by
liberal teachers, unions and the and the state run schooling system.
Satirical, was asked about all of this because he had said in open debate with one young person in Virginia
parents essentially have no interest in the education of their kids. It's really the states job to educate to get here is tearing Macaulay
rubbing when asked about it.
Who do you think you're being control of an average any apparent accelerated, yeah, that's a question. I wanna do the role of education and I do not want any American.
But there was just one here, I'll build education. Article five news has me: leave me up on this is actually what a joke term of office. What a joke! Cheese asked whether parents,
should be in control of education ministers
lecturing. I him ass. Their standing outside is literally
Walking to guard against the club is literally walking to his car and yelling at this reform,
saying that he should be wearing them. Ass. Many says I'll. Take care of you,
Glenn. Young can will destroy it, yeah sure
Sure it's a term of office in real trouble in this right and it should not be a close rice. The Virginia political map has been turning blue for quite a while right now, the results in Virginia in the twenty twenty election were
heavily in favour of course, of Hilary in favour of Joe Biden, Joe Biden, one state
ten points in twenty twenty right now young can Israel, whose relative no name
neck inequity, Mccarthy, former Virginia governor is the fact that, as even close
the referendum on how bad people think democratic govern
has even in democratic states. This is
Relegated term equality basically trying to treat
young can as though he is Donald Trump, and
so Gregg Abbot, which of course is not true here- is term ecology.
to say that Glenn Young can is gonna ban abortion in the state of Virginia, which of course, is not going to happen mean. Unfortunately, for my point
without doubt, what's going to happen in the state of Virginia, I protected women's rights. He is going to
an abortion. We got him on tape, say on that wants to ban abortions in Virginia and I'll. Tell you
and that's a real issue for everyone today. For fifty years we thought the Supreme Court would protect. Everybody was obviously Trump Supreme Court
the outcome is a elected governor of Virginia abortions. Wills
he's, got tired, dangerous for women, dangerous for doctors, and you can bring businesses
recruited Amazon's of logic and outcome to restate that discriminates he's having a really tough time, Mccall of putting a target
kids back, because Mccall US is the issue there not trump and not young it, and when it comes to
asian Americans have very simple questions. Haslets. Why
guys doing unbelievably crappy job render report
says? The nations thirteen year olds are less proficient in math and reading and they were almost a decade ago. That is not because of the covered pandemic, that was, data collected
for the start of the pandemic and released on Thursday. According to the national assessment of education, progress is political reporting. Is the fur
Tiny scores have dropped in either subject in fifty he fifty year, history of the test
students who struggle to most of the exam have fallen further behind a worrisome resulted suggest learning loss exacerbated by the pandemic could be catastrophic. Maths course fell. Furthest among students is for
women's rank in the tenth and twenty five percent isles, meaning test takers with the lowest baths
in twenty twenty get worse and students
struggle the most when it has the last administered in twenty twelve
the data also shows the achievement. Captain white and black testicles widened
nationally maskers for thirteen year old fell on average by five point readings.
Declined on average three points.
None of these results are impressive, said.
Miserably national centre for education statistics are all concerning the math results were particularly daunting, so
physically? Your schools are failing to educate kids, particularly the kids, who are the lowest end of the spectrum.
And meanwhile there indoctrinated them in all the work that is not protecting them, and you wonder why
Have a schools crisis right now. You wonder why so many parents are interested in pulling their kids out of school.
And you wonder why so many people are looking to askance a democratic administration
We seem solely concerned with, please
teachers unions.
you you wonder why so many Americans are upset, would maybe the FBI and the deal J doing the bidding of the very few
or failing to educate their kids and in claiming complete plenary
authority over those children. None of this is good news for Democrats. Obviously, meanwhile, as the cascade of bad headlines is just swamping, the democratic right
Deep divide, the ministrations struggling for narrative inert over there are now coming up with is that they have defeated
hold it? Yes, yes, it was them they did it. It was the man
Tori vaccine mandate sure
was it. Was that
So yesterday, Joe Biden wandered out your microphone and he spoke for grand total of cells.
minutes, and then he turned around and then he laughed a so them
That's all you can be expected to do when he shows up every day. He talks like thirty seven seconds and then he sort of collapses out of the room and its dragged back to his casket, where they were they
form at some sort of recessive, tory action upon him, and then he brings
lightly until the next day, when they pull him out of the casket agenda, will amount so present by industry.
he came out and he said our plan is working, oh
trusting, ok, explain! Mr President, I want to provide a brief update on my plan now
nowhere September to accelerate the path out of this pandemic. Its working we're making progress nationally
Daily cases are down forty seven percent hospital
faces are down thirty eight percent. Over the past six weeks over the past two weeks, most of the countries improved as well
case rage and declining and thirty nine states hospital rates are declining in thirty eight states. Ok, let me point out how stupid this is.
The reason this is unbelievably stupid is bigger than their salaries and reason number one. The states that have seen the larger scale declines
Our states them completely ignore Joe Biden Florida never had demanded. In fact run. The sentence has been fighting taxi mandate.
much every step of the way and has vaccination rates that about the same as the vaccination rate. In California, for example, they are not widely different. Hey Joe Biden is suggesting
hit him yelling about vaccines that has caused the pandemic to wane.
that old man shouting at clouds made the pandemic Wayne nope. All that happened is that the pandemic, its populations, we spend lots of times indoors and then a wanes because it passes through the population there.
What pandemics do, but this is Joe Biden, tried and true method right, there's a parade already moving. He jumps out in front of inclines credit for the bread is
the vaccine rollout itself, you didn't have.
An iota to do with the development of vaccine his.
general outline was the same as drums, and then he jumped in front of the brain news like well do look at night. It owes me six
and now he's doing the exact same things the pandemic wanes mostly
had stage where it had spite. When we could. I do
just look at me. I'm greater.
amazing amount of amazing how he jumps into this is constantly
policy a bad bureaucrat is that any problem already starts. You
all itself, and then they jump in front of it and they got up. It was me I did it a so. According to Joe Biden,
Joe Biden solve the pandemic by yelling at clouds. In reality, his plan has not worked
it is also worthy of noting at this point that,
all the vaccine, mandates that he supposedly used in order to get the vaccine rage up
only one that has actually been implemented this. What is the federal contract romantic? Theirs
Still no wool from its been like almost two months now
still no rule from OSHA and actually mandates that employers over a hundred employees have two men have to back their people.
Do credit his vaccine mandate with the uptake inventions.
rights is a stretch in and of itself is wipe us
Well that one of the reasons you son uptake and vaccination rages, specifically because people looked at the delta variant, they said. Okay, I now have a choice. I can either get out we're not get Delta. I prefer not to get elder. I prefer to get the vaccine
never get a breakthrough occasionally mile, but again Joe by
and claim credit for everything. Now, what amazing,
Joe Biden, inner occurrence authoritarian, is it. They truly believe that you,
our bad. You are divisive because you refuse their out their authority. Mandate is an incredible say,
from Joe Biden, what we're about blank so jobs
he's talking about divisiveness. Now Joe Biden came into office on the place that he was going to unify. Instead has proposed
JANET looks very much like Bernie Sanders is economic agenda and has proposed a covert agenda. That is, full
top down authoritarian in many ways it is complete
we run beyond his own political mandate.
Joe Biden came into office with a political mandate. It was to be dead right, not alive, not trump and moderate. Two of those three he has fulfilled. He is
dead. He is not from, but he has certainly not moderate and yet, according
Joe. It is it is you you are dividing the country you
you won't listen him and you will do what he wants. Your dividing the country. I noted this.
Really the day of his inauguration. In his speech, you kept talking about unity, and I said well, there are two types of unity: there's unity in the sense that
we'll leave you alone and they will try to
Some higher purpose we can pursue together, but it
We can be as leading alone right. Unity requires us, tat, go weapons down or unity could be
you do exactly what I want to point of gun in our unified. Aren't we it's pretty obvious, which
Albania, is moved. So yesterday, Jerry was saying that backing mandate should not divide us. I have an idea, don't do them, then, must be clear. Vaccination requirements should not be another issue that divides us
that's why we continue to battle the misinformation it's out, and companies and communities or setting up there are stepping up as well to combat these misinformation southwest airlines.
at the head of the pile of the head of the pilots. You didn't see you dismissed critics claim
Acceleration mandates contribute to flight disruptions. Will we gonna believe Joe Biden about the backseat mandates, contributing to flight disruptions or your own lying eyes?
which demonstrate that there was really no other problem in the United States in South West was the only airline that had been significantly affected.
Who we're gonna believe that or the southwest employees we ve been talking to hear a daily wire or explaining
Firstly, why people are seeking out its job there?
such an authoritarian stricken this guy. He mandates that you do with it.
If you don't do the thing you're being divisive, if you refuse to acquiesce to his demands
you are the device in one you're, very divisive purse
for not doing exactly what Joe Biden is telling you to do as an unbelievably authoritarian and tyrannical statement. Can then your bandaged scampered away
When I say scampers, I mean he was very slowly away because you not capable of scampering any more those legs, ain't gonna do it's. A here is Joe Biden just walking away after seven minutes in the glare of the public spotlight rumor,
and then Joe Biden kind of a kind of fades away. You, Joe Biden Old, president's, don't die. They just walk away. There is there that president of the United,
aids, just sort of he came out for a moment, and then he went back down into his whole, which means, I believe, six more
winter. So here's the thing it is pretty obvious
ever surge, we had and waiting. We had had nothing to do with Joe Biden,
What is the New York Times? Every brutal summers urge driven by the highly contagious delta variant, the krona viruses again in Retreat United States, Israel
putting roughly ninety thousand new infections a day down more than forty percent since August
relations and doubts are falling to the crisis.
not over everywhere. The situation in Alaska is particularly dire. Nationally
is clear and hopes are at the worst is finally behind us again over the past year,
Here's the pandemic has crashed over the country and wage inundating
I suppose in then receding only to return after Americans let their guard down. I love how the New York Times puts that sets
Then Americans, let their guard down that causes the pandemic to spike, except that is
fighting in blue areas too. It is all about
are you in proximity to other people when it's cold outside people go inside and they get infected when it's really hot, outside people go inside and then get infected? That's all
this baseline notion that, if you get infected, it's because you have been simple in some way is ridiculous. Alot of people who are getting infected
people got act there, just getting breakthroughs in your terms. It is difficult to tease apart
the reasons the virus ebbs flows in this way and higher still to predict the future. No, it's actually not all that difficult to explain. I just did it in two senses,
as winter looms, there are real reasons for optimism. Nearly seventy percent of it
are fully vaccinated. Many children under twelve are likely to be eligible for their shots. In a matter of weeks, federal regulators could soon authorize the first anti viral pill for a covert at nineteen you, by the way Joe Biden said yesterday.
parents are going to sleep more solidly at night, knowing that their children
won't be in danger because of a vaccine.
those of us who been washing stats prevents living solidly Oneida barricades, prolonged. I wasn't sleeping soundly by my parents. My parents are sixty five.
I've been looking very solidly that my seven five in one year old, because kids aren't dying of this in.
anything remotely like significant numbers, it doesnt moral
significant numbers, every every killer dies a morally significant life, but if you're talking about statistical significance,.
The grand total number of kids who have died in the United States from covered,
nineteen without serious pre existing conditions according to Doktor Martineau area Johns Hopkins University, is currently between ten and twenty
not ten twenty thousand ten and twenty
That is not the kind of thing that keeps me awake at night. I'm not
kept awake at night by the fact that ten to let my child
insignificant danger. If ten to twenty kids across a country of three hundred and thirty million,
people have died, of covert without pre existing conditions. But again you must be. You must be cudgeled into into the belief
these people have solved the problem, as opposed to you know the virus just doing what the virus does
My everything about all of this is that were supposed to believe all these folks right. You heard Joe Biden a moment ago talking about how
They should be divisive issues be listening to. Our authorities should be listening to our institutions except there and
decisions are routinely why'd. You us, aside from document
without either shift his opinion. Every five point three seconds depending
I would never Joe Biden wants from him that day our media are just liars. So, honestly, what are the funniest things that I've seen in the past couple of months? Joe Rogan did a segment with Sancho Gupta of Co2,
and honestly flowered grouped his widow, because Rogan just destroyed. If it really is really quite incredible. Yeah looked on any
I'm so sorry, I'm question I took. I rejected it is not a horse. You warmer is implication. Your entire network claimed that it was a whore.
He murmured, and why don't you tell the members of your network? It is not a horse you warmer and tell them to stop lying to people. So then,
Sunday. Gupta went back on tv on CNN and he had a chance, and he said nothing
getting paid by CNN figure is done. Woman pranks
splendid finds, call ever met in a horse. You or even though that is not the form of government in that direction, was taking a nose in large part, a tongue in cheek interview, because it still Rogan and there's lots of new jockeying back and forth, but he did, he did say something about. I remember that I think wasn't actually correct about CNN.
Ok I ever met in is a drug that is commonly used as a horse de warmer
So it is not a lie to say that the drug is used as a horse. The warmer, I think, that's import
and it is not approved for covert correct there. That's that's not right is not approved were covered by the body, s ear
but the notion that I respect in which comes in a variety of forms. That was that the drill Rogan it was like taking a troop of horse paste and then entrusting it is insane.
You're Gupta admitted that to your Rogan and then he went on CNN and then he nodded along well done. Lemon continues to lie about its unreal, but don't worry you should try these.
rather I should people there you're divisive, you're divisive for not listening to them. Meanwhile, these experts, the one we're gonna, fix everything,
This is the story that I it is unreal to me. So these experts, the people who ineffectual your problem, threatening their magic button on the problems can be fixes, can be incredible. People to judge the Secretary of Transportation,
we are currently having in the United States do worshipping crisis in my lifetime
nearly forty years old, is the worshipping.
as we have had in the United States in my lifetime, the Secretary of Transportation,
My thing might have some things to do right I mean we ve had the shipping bottleneck, it's been ongoing in the United States since the summer. You might think that the Secretary of Transportation would be necessary. P Buddha judge was on paternity leave since August Political is now reporting
He bought a judge was just gone. No one noticed that important people,
judges, meanwhile, whose waxing philosophic about the beauty of the smells of the airport
people, because it actually spending less two months. This book
unions, young minds himself in Indiana, who couldn't Philip damn possible over their people to judge has been home with his husband Jason and there are two children and dumb yeah. That's that's great so that some
as exciting stuff he's he's been one or two months, and no one noticed
Is that he is complete useless person, I mean I have a question for you.
if you just went, am I e for two months raged. What am I
in bother, replace you. Nobody bothered to tell anybody.
am I a how long do you think you would keep your job? This means
Your job is more vital than people judges
according to internal democratic point. He second only to come over here is in terms of food
We want to see run for president again.
a man so useless that he took two months off in the middle of a shipping crisis as the head of the department, friends extra to be home with two babies that that's that's
again. Nothing against paternity leave, although I will have two months- is a very long time for paternity leave, especially when there's no physical recovery involved, but with that set.
if you're gonna take paternity leave and you're in a real important job should like some and your public servant shouldn't, like somebody know about it. According to political,
They didn't previously adopted the booty judges office, told western playbook. The secretary has actually been unpaid, leave since MID August to spend
with his husband, Jason in there to newborn babies, a spokesperson for the department transportation said quote for the first four:
It was mostly offline except for major agency decisions and manager and matters that could not be delegated. He's been ramping up activity since then
as he does, that booted judge will continue to take some time over the coming weeks to support its Hudson
take care of his new children. The spokesperson added amazing amazing.
these are the people we needn't charge. They are going to fix everything you're so good at that they just went completely AWOL for two months.
And no one even noticed they weren't there. This is office space. Now it's
wrong, Livingston from office space rabbit another
well, I'm not going to work anymore. I think I'm done working. What
that you say you do here exactly, but here's the thing democratic,
can continue to pretend it nothing that is happening. It truly incredible. So
Our treasury secretary, Lauren Summers, they Larry Summers, was the treasuries
Jerry under a billion people
Now that we are now in a very serious economic position, may have
of inflation is now permanent or semi. Permanent heavy
serious shipping bottleneck. That is not going be solved any times in their millions of work.
So our quitting the workforce
when three million workers left the workforce last month.
And here is Larry Summers pointing out this. All kind of serious is not in the sixtys we saw
they fear the already adverse supply shocks we saw inflation will from having a one handle in nineteenth
sex to having a stick sandals by nineteen. Sixty nine and we ve got much Lord
budget deficits today than we did. Then we ve got what
or in the way of supply bottlenecks emerging like sooner than we did, then so they were worked
there are very serious a kind of
situation meanwhile,
the old Morgan Stanley says you remember all those times.
I'm telling you over and over that's our inflation was trends.
for it was always in your minds been saying that for months, James Gorham,
you see YO in Germany, Morgan Stanley Year, not much. I'm not a bar the story that it's all train
the story, the inflation story, it's not transitory. I mean why
Inflation is real, and this
Jane interruptions neutral ground, some natural gas and other things have clearly been
real. Some of that is temporary, but not all of it. So I think we're
a period where inflation is gonna. Take up YAP get, but here's the thing
according to this administration, this is no big deal. These are high class problems
so Jason firemen, who is some sort?
of reporters lashed commentators and most of the economic problems, were facing inflation, supply chains, etc. Are high class
once we wouldn't have had them. If the unemployment rate was still ten percent you'd, instead of had a much worse problem and run clean, who is the White House Chief of staff,
and he spends all dance- would remember that time. That Trump was bad cuz on twitter all day. The wrong plane was on twitter like all day long like all day he tweets this mean he agrees with us, but he agrees that inflation and supply chain problems are Cordova high class
I wonder whether these are good problems to ensure good problem that you're paying like a crap load of money at the store for basic good. It's a great problem, the Cancun Christmas present for your kids.
But these are neither rate problems they have already, because the alternate apparently according
this administration, the omens alternatives, are one ten percent.
Employment and to mass
Inflation is obliging bottlenecks
or, alternatively, your policy created the problems. Your policy is creating these problems.
surgeons argues asked about this and honestly, she is just she's. The nightmares for this administration that crap the budget drastically
my kind of your bad for her attempt she volunteered into the job erosion Saki, so Jason firm. It, of course, is more than capable of speaking are tweeting for,
himself, obviously in providing any additional context, but what the point is here is that is that we are at this point because
We made progress in the economy and what would be worse
our view is if the unemployment rate was at ten percent. People were out of work, hundreds of thousands of people are still dying of covert and people were able to lose their homes. So that's the full contacts. Oh that's it at the edge of good for contacts. I M so glad, I'm so glad that did she's not provide
the full contacts it turns out. The Democrats can always claim that the alternative is complete destruction of all. That is good as opposed to it. You know the mostly disruption of all that is good. That is happening.
in a second only to the underlying rationale:
Why so many Democrats in pretty sanguine about all this, because for most people who are out there, it makes a difference if they're paying higher bills,
people who are out there. It makes a difference if they are losing in terms of real wages. For most
out there are matters have been get Christmas present for their kids, like this stuff tends to matter to people. So why are democrats sanguine about it? There's something ideological to all get to it and just one second. First, let us talk about the simple fact that you need a good night's sleep. You ve heard me talk my heel, exley mattress, which I rely upon each and every evening,
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What seems so sanguine about all of this first is the glorious
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ok. So the big question here is,
I Democrats seem so sanguine about the current financial situation and everything
and is there happen to transfer more
on the Wall Street Journal today. Talking about scarcity of labour
just four point? Three million workers are missing: where did they go? Scarce labours
a picture of the US economy, reshaping the workforce, prodding firms to adapt by raising wages, reinventing services and investing in automation more than here
half into the pandemic used,
still missing around four point: three million workers, that's how much bigger labour force would be if the participation rate
The share of the population sixteen or older, either working are looking for work returned with February twenty twenty level, a sixty three point, three percent.
But it was just sixty one point: six percent, the absence
as you are: employers are struggling to fill more than ten million job openings and meet soaring consumer demand in another sign of
I believe our market is jobless. Claims fell to join a ninety three thousand last week. The first
Since the pandemic began, they fell below three hundred thousand. According to Labour department, workers are quitting,
at or near the highest rates on record in sectors such as me,
factoring retail trade transportation utilities, as well as professional.
Business services participate,
has fallen broadly across demographic groups and career fields. Restaurant particularly fast among women workers, with
college degree and those in low paying service industries like hotels, restaurants and childcare. Many economists expected that people would come
work. But some economists are concerned. The worsening worker shortages reflect longer term shift, such as dependent.
Driven acceleration of requirements. That will not reverse many expect the labour shortages
at least several more years. Some say is permanent of the fifty
we cannot miss surveyed by the Wall Street Journal twenty two predicted party
patient would never return to its pre pandemic levels
So, where exactly are all of these people doing, while many of them are either going back home
if you're married, if you're married couple or maybe mom, is going back home and TAT is picking up some extra hours, which is fine or maybe people are just you know, staying at a jobs because they think the government's going to pay
The Goldman Sachs said note this month, enhanced unemployment benefits of likely contributed to the shortage
the pandemic began. Jesse's drama was a senior engineering manager at a small software from Portland Oregon supervising a couple dozen employees
in the pandemic. There are a lot of challenges and our business. I was called upon to deal with its framework just having their button.
really tiring the birth of his
last November added to his doubts about whether the jobs rewards are worth the sacrifices. Initially look for other opportunities when a frenzy,
did. He take time off entirely straw. Maquas intrigue. Is that even a thing you can do,
when capitalism recalls thinking his wife, a nurse midwife supported the moon, the federal government
has allowed borrowers like his way to suspend student loan payments through January? Twenty? Twenty two, the couple also referred:
mortgage to lower interest rates, because it is all government policy now read. The government has prevented people
we haven't paid actor student loans and their artifice,
Late, lowering the mortgage rates, those adjustments
save ran two thousand dollars, Mun struggle,
plan remains off his outstretched to five months
last until the end of the year
two years ago I was thinking I wanna get as high as I can in the corporate ladder. He said it just entries interests me less now. If it comes to sacrifice to my mental health and my connection with my family.
employers are overhauling at their business models. We just for the Labour shortages bottom line is that people look at the way, the democratic running things and they believe in their heart of hearts, apparently that there will never be a cost to this. They can stay out of the workforce, and people will just take care of them. There will be programmes
that are designed to artificially the boost wages for one of the people, or it will pay
just stay home, poker movement for one is celebrating. This is the Keynesian he is. He says,
It's sounds a prize. Many workers are either quitting reluctant to return to their old jobs.
The question is why now many Americans hated their jobs two years ago, but they didn't act on those feelings as much as they are now what changed? Well, it's almost
relation, but it seems quite possible the pandemic by appending many Americans, wives also caused some of them to reconsider their life choices. Not everyone can afford
when I hated job, but
having a number of workers in ready to accept the risk of trying something different, accept that if you look statistically, the people are not going back to work are people who, at the lower end of the economic spectrum, not people who middle class and abroad
and it is people were more likely to end up on it all, but according to criminal
the good thing he says well, this new choosing this by workers who feel empowered is making consumers and business owners lives more difficult. Let's be clear overall, it's a good thing,
American workers are insisting on a better deal. It's in the nations interests. They get it a good thing for whom prices have been
I rocketing because of lack of labour, the people who are
Working are getting raises, but those raises are not commensurate with the inflation rate. Meanwhile, we have to blow out the debt to keep up with the the price, adjusted increase,
As for mandatory programs like Social security and
administration wants to blow out more money in order to pay for all,
people who don't wanna work number one agency at one point said, and we need to create a system or pay for everybody.
who is either unable or unwilling to work towards getting, and many Democrats feel this way
fascinating article in the nation which of course, is eight far left source. My gun and arrogant benefits have been enough.
of making a living. The history of what we call were any really can assume
the beans on what it is that the left would like here, what the left would like is for change,
your consuming habits, so you are satisfied with less
and so we can to redistribute everything in the way that the left like what they want is
economic stagnation and redistribution. That is the goal of the left. At this point, it wanted
they see work as an inherent bad and there's a belief.
in the minds of laughed about human nature- and that believe, is that if you are free,
from the predictions of work, all working, a form of exploitation. If you are freed from the predictions of work, you become a poet, an artist, remembered ass, closely ass. She said this
Nancy blows. You one point said that you wanted to free people from job lock through or Obamacare right when be locked, your jobs, you need healthcare and then
maybe people to wander around and create art and poetry, because that's exactly what people typically on welfare, do I'm investor looked at the crowd of people creating great art. Great poetry in this country is predominantly coming from people or requiring government benefits, though those are the people or just the heart.
soul of of creativity and innovation in the United States. So, according to this, author in the nation is right, but a book of work
history from the stone age to the age of robots, about it,
by a anthropologist named James Susan.
And the basic idea of this book is that further
a majority of human history
human beings have lived a hundred gatherers on diet consisting of fruit, vegetables, not insects, fish and game. The
the idea behind this book is that well, the myth goes that people live inside,
city when their hundred gatherers that their living in relative privation on the edge of starvation or death has not actually true according to the book fire privileges.
when you rose the flexible woolly man at the process, he'll significantly more calories than if the food was left, uncooked mastering fight
thus made very radical increase in humanity's free time, because
humans were able to get more out of the food that they had and therefore they had a lot of free time. According to that author,
free time subsequently shaped our species, cultural evolution we
afforded long periods of hanging around with others which led to the development of language storytelling in the arts. Human beings also can gain the capacity to care for those who are too old to feed for themselves. A trait we share with few other species
so again, the idea is that we should be more like two hundred gatherers right. What we
We should abandon the way
we see product
an entirely, and instead we should aim for a system in which we basically do this.
Distance minimum and we can spend the rest of our time hanging out and partying in here.
ourselves at the time.
This is the basic idea here now
question is why that has happened read so what the question is? Why, if that's true, if human beings just want, you basically cover their basic needs and then move on with their lives and hang on party. Why aren't more human doing this
The answer for the left is that you have all been corrupted by the capitalist system, which makes you want things and because you weren't things, this leads you to the changing of yourself to machine you chain yourself to the work.
Of course, this either for the nation junk Kenneth Galbraith, provided. One
will answer any affluent society in it. He suggested that
Maynard Keynes and underestimate the degree to which we can manipulate
it into seeing our relative wants. His absolute need, meaning stuff it's marginal to us,
see them as absolute needs them. Most. Economists on the right will save there's no such thing really
as a prioritization of need, that is absolute yelling
for one basic necessities like you have to have enough food Mordred alive. Aside from that, we all prioritize Ernie's differently and we get to make those choices subjectively, but what the left
to do is force you to prioritize your needs in the way that the left wants you to private
iser needs and then redistribute all income to create a new cut, a new kind of human being. A new kind of
altruistic, wondrous human being with more than two hundred gatherers now never mind.
hundred gather societies tend to have life exe,
and she's, there are really really low
Making the middle is article the other sites, the common bushmen congressmen, have an average life expectancy in summer between forty and fifty years old. Also, it turns out that prosperity comes with
low infant mortality rates and be able to keep your elderly alive for longer. But all of this doesn't matter because obvious
work is the bad at the end of this article in the nation. The author comes to the conclusion: is
we should set the course not to Mars vacationing with Elon Musk inch of bases, but rather to a post scarcity, planet earth on which their wealth
confiscated and put to better ends the ends of the west. Of course, getting there
require that we overcome the endemic insecurity that continues to plague nine
of humanity, while also reducing and transforming the work. We do
keeping those hands will in turn requires that we transformed the investment function as keen suggested, but an way
that make investment not only public but democratically controlled, freed from the consumer
and scarcity economic will then serve he trickster, God entropy. What he saw
There is the idea that human beings like to work, and you can have
strategy, should just go make stuff. Instead of you going and working and innovating and making life better for other people. Instead, we will serve
He trickster God entropy in new ways, expanded except
being excess energy, not only in the hunt for efficiency gains or making whatever hand axes. Our engineers room up next, but also in the service of a variety of other end, such as justice and sustainability, science and culture, and throwing parties too
you better humanity will be ushered in through the collected is the idea here.
Holding this article and nation is far off. The thinking of many people in the Democratic party work is inherently bad leisure,
inherently good anything,
cause you to work whether it is you're like this is me direct, opposite
I'm sort of the Randy, an approach towards the iron Rhine,
approached. The work is that work is now cause of your creative function and when you do creative things,
What you are actually doing is fulfilling yourself, which is true
a huge number of people who work work gives people purpose. Work is not a bad thing,
blood, she's work is a bad thing. They believe that if you had more leisure time, what you'd really spending that doing stuff it doesn't even take drugs even get addicted to alcohol, unemployment would come with just bass benefits.
We sit around camp fires, we tell each other stories, we would think
justice and sustainability of the trees another us. So
That is why so many people simply sanguine about the irish people dropping out of the economy, its actually creed
in utopia. They see which has some people work a lot of ours and really hot
to produce for everybody else, and then we distribute all the gains.
some people, see that as a violation of liberty principal some people see that, as I do, as violation of basic human nature, which is that people need to work is good. For people to work is not a bad thing and you know Shane that people expend extra leisure time in the most
Morpheus of pursuit is generally untrue. I there is proof
the old saying that idle hands or the devil's workshop, but according to left us all right right, we have to capitalism is banned,
His work is bad and therefore really need to do is grabbed the gains of
capitalism and redistribute them across society, so should be cheering when people drop out of the workforce. We should be happy and if you're feeling,
the bad because inflation is up and because you have to pay a little bit more understand that this is all in pursuit of a higher goal is
in pursuit of a higher end.
And their higher and is a utopian system in which
of our basic needs are provided for and we can sit around the camp fire
hang out with one another, it is Heaven honour all require is
you to give up. Your liberty actually choose the things you want right. There's that unspoken
side, which is you no longer get to prioritize Euro needs? Is effort
We need reform consciousness, but this does go back to marks the idea
your prioritization of need, is actually just a false consciousness that has been put upon you by the economic system. Changing economic system change the nature of man,
create a happier man redistributive democratic control of excess production. It that's the basic idea here
Although many speaking that language, the left, is speaking that language always gonna cost you
worse lifestyle in the here and now your choices for a family and a complete monopoly on how you live your life by the people who know best
who, by the way so useless in England, vacation for two months and nobody even notice, is already before we wrap up the weak.
our friends over at birch gold there, some of our best spy
certainly really appreciate. Their advertising does have some interesting perspectives on the nature of the economic situation. We now Philip Patrick, I
smell specialist over their stopped by little bit earlier this week. Here's what that sounded like, but, as you all know, our show is sponsored by burning
we are very proud of that joining is on the line to discuss the current financial situation is Philip Patrick he's a precious metal specialist you'll. Remember him from prior chosen. A lot has happened since then felt thanks much joy Michel really appreciate it.
having made so let's talk about these situation with the economy or another Democrats are looking
blow an enormous amount of money into the economy there debating over whether they want to spend all five trillion or four trillion or three trillion dollars. If not addressed the debt ceiling it into precarious
Economic climate for sure and inflation is obviously headed. The runway. What's goin on
Yeah what's going on in that respect, been right now with regard to the debt ceiling, is pretty much deadlock. Mcconnell insist. The Democrats right now take the hardest possible path to raise,
the debt dreaming or that limit Robin and to do it by themselves
and its issue, MRS not last week they settled
essentially on a short term hike to keep the government limping along until December. Third, an unwilling to go through the.
Thing again, it appears- is a sin
The explanation for the gridlock, I think Republicans, are refusing to sign a blank cheque for ongoing,
get a government and an essential democratic spending. They demanding some form of responsibility and the Democrats on investing in collaborating on an honour on responsible budget. Instead, they D morning total control in its it's the Essen
said the sand off to be clear, I don't expect you asked actually before that would be the financial equivalent of Chernobyl
I think then. Surely the Democrats were bright damage and raised a debt seen via budget reconciliation, essentially without a single rip up, we can vote, which is what Mcconnell he's been telling them to do since July. The big issue, I think
It is one that you touched upon right normally, when the debt ceiling comes up there
negotiations is a balancing of fiscal responsibility and agreed upon necessary spending, but not this time right this time, which
about raising the debt ceiling and, at the same time, massive amounts of spending which is in sustainable and ultimately fuels inflation
did the inflation that we are seeing right now is extraordinarily August. Sepia airport came in a five point. Three percent is likely to get better
or likely to get worse, because we keep hearing from the fact that its temporary and then the temporary turns into not a temporary, and so there is a sort of not so temporary territory, but about us is gonna, get it
ready. Worse. Amid the five point, three, the best suggesting we're seeing consumer price inflation today, a Milton Friedman famously said, inflation is always and everywhere monetary phenomenon. At any time,
is more money without an equivalent rising in goods and services at prices go up in its basic economics. The fight
wait. Three percent number that the feds throw it ass, a wulfric, the calls at the lowest of low boy inflation measures, and even at this five point three, that their suggesting that's a thirty year high most of us were making our own financial decisions thirty years ago. We have no comprehension of how this affects our finances. Remember this preferred measuring, stick to use it,
lowers the global because it gives a century the least frightening results. If you make
in the same, the same inflation. Sorry, in the same way that the Federal Reserve get back in the nineties the way the John
James Shadow stance, does we look at nine percent inflation today and that's just factoring in things like food energy, healthcare costs things they used to be factored in because,
fed a heaping rate artificially low, while continuing to pump money into the system. Almost nothing today is offering positive after inflation, you not even junk bonds.
best is, are so desperate for some kind of safety.
For their money should have piling into risky and risking best investments and subsequently wisting colossal asset baubles.
and some of them in the
spaces, obviously whistling in the stock market, which is doubled
historic average. We have brown House prices
twenty percent in the last year, even Treasury bonds,
the training at three times that historic average, so people are going cry,
spending, millions,
all its on non fungible tokens on on the blockchain pictures of rocks and images of guerrillas essentially is any escape out from from from the dollar income
Philip, it doesn't like it's gonna get better anytime soon. Obviously, you ve got the binding ministration that is essentially pang
stay home are telling the backs that they should go to work
they should be living in fear any unbox. They can't go to work because if they go to work, another violating vaccine candidates- and so you have massive
I train bottlenecks as well. That makes it really difficult to see
prices decreasing on any of this stuff, is naturally any time of the course of the next few months,
absolutely and quite frankly, inflation
usually when it comes through a market, its staff to stay right, the only thing to search I'm doing place, no deflation airy and they tend to be quite ragging. The lost deflation repaired was second quarter of two thousand and eight
last month, so usually when inflation is is in. The picture is here to stay
and it certainly feels that way today. So we're thing the thought, Patrick
of birch gods are obviously felt. We ve talked about some of the assets that that people are putting money into, because it really is true. I mean you're you're, looking at your money back
Nothing if you leave it in the bank, and so you gotta, spend it on something and then
you ve got the government, on the other end promising that they're going to tax the living hell out of here who so so, where should people be looking to put their their cash at this point?
just a, but now I'm options all limited Dryden we joke about it. We are seeing bubbles in the strangest of places right, rare whisky indexes rule time. Noise luxury rocks, Israel timelines people are looking for an escape out. I think the key is to understand the issues in the climate and trying to find an asset, its conducive forward, that climate and and something with the ability to weather the storm, and that's where I think precious metals really come into play right. There very conducive to the problems that we have
Right corrections in the markets, inflation issues with currency, these problems, a big issue for
one- holding stocks and bonds in this climate- actually very conclusive.
safe haven assets like gold and silver market crashes, drive them up, inflation tends to drive the mob, so very
conducive, like I said, for the issues and function is a very effective hedging. This climate, Philip Patrick, his precious metal special,
over at birch gold, if you want to get involved with virtual, to ask them all your questions, it get your answers. Text might invent forty seven and forty seven forty seven today and get involved with Birchwood Philip thanks so much for the time pressure to thank you for having already we'll be back or later today, with an additional hour of content. First, you cannot forget to end your way.
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Transcript generated on 2021-10-15.