Joe Biden says the united states will militarily defend taiwan in case of chinese invasion. Monkey pox freaks out the world and stocks continue to edge into bear market territory as the administration, desperately flails, This is the bench morocco. Yeah, we also response from expressing bbn protect your online privacy today, expressing gps dot com japan and it's all the news in just one moment. First, I told you I, like you, I go to buy some gold. Well, you should listen to me because if you had bought gold, you been really good shape right now, having diversified your portfolio, the fed right now they are finally realizing the dire straits. Our economy is in thanks to our loose monetary policy. Apparently, who knew Just then trillions of dollars every year with no repercussions. I know this is a big surprise to everyone. I must those people had brains now to play catch up, that has been raising rates they plan to do so seven times this year. Those recruiting rip facts in the housing market, people's buying power is diminishing. What happens if the stock market stalls out, which is

kind of what you're starting to see right now, there's somebody predicting a ten year stall for the stock market. At this point, don't wait till that happens. Take some of your profits from the stock market, solidify them with. All from birch gold and diversify. The way that I have throughout Ray goal has maintained its value better than any other investment in the world text bend. Ninety ninety eight. Ninety eight secure them and you ve made while you can I'm a customer, a birch gold, along with thousands of others that countless fight our views and plus rating with the better business beryl. I trust the professionals over golden you should do to bench. Ninety eight eighty eight. Ninety eight protects your future with gold and expand to ninety eight. Ninety eight ninety eight to get started twenty twenty two bingo card is getting rather fall, so we have recession. Knowing monkey pox. I didn't have that one on the bingo card and we have we'll chinese invasion of taiwan. So this morning's break Is the president of the united states had gone out on a limb and he had said that the united states would militarily defend taiwan if Taiwan was invaded. So what President of the united states said in a press conference, and there

some good things about this. There's some bad things about this bad thing about this is that it is utterly unclear? Whether this is in fact, Joe Biden saying it Are you willing to get involved militarily to defend taiwan if it comes to that? You are as the commitments we made. My expectation is that will not happen will not be attempted. So there. You have it Joe Biden, saying that the commitment that we made japan, taiwan militarily. Another real commitment that we have is to give taiwan the weaponry to defend itself militarily. If china were to invade on a strategic level on a geostrategic level. It is not a bad thing for china to think that the united states might directly involve itself militarily. If Taiwan, were to be invaded. After all, Taiwan is significantly more strategically important than ukraine is by any stretch of the imagination. It is not particularly close. Ukraine is not the source of a wild variety of really vital resources to the world and their spouse.

Well for some grain that grain can be made up in other places. Taiwan is responsible for nearly all advanced semiconductors on planet earth. At this point, which means that if china were to grab control of that private united states pretty much all the advanced technology necessary to run an enormous number of our industries as well as a lot of our military attack. Because a lot of that stuff, though semiconductors, are used in a lot of machinery that we use in the military as well. So there is problem is china were to take taiwan? There is the problem of china, beginning to encircle australia. There is the problem. of china beginning to encircle japan, there is essentially the fact that the united states would then have. No. he'll base of operations will be increasingly pushed out to sea in terms of geostrategic military naval impact, there's real brahms with china takings. I want, The reality is that if china attempted to take taiwan at this point in time, I want but significant casualties on china But China would win mean. China is a much larger countries find it does have a massive military. China might lose fifty seventy

a hundred thousand soldiers, but they would still. and I'm taking in the island of taiwan, if they do and again he proximity china to taiwan in their separated. Only by the taiwan's right now proximity means that our ability to resupply is extremely limited in that part of the world. So when Joe Biden says that we'll militarily defend how there a couple that one is good, is us trying to scare the chinese off the markets has translated chinese. Listen you just know up front things, get hot here. We will be there with our weaponry, ready to to fight you that, as the up the downside. Is it's not really true? If that's the case, it's not clear that that's the case. States is not made itself militarily ready for an actual battle over taiwan. With the chinese, We don't have the resources in theatre, we don't have ability to resupply. As I say, we don't. actually have the ability to fight and win a war for taiwan. At this point because depleted. Our military resources of particularly depleted naval resources over the course of the last twenty years, or so there is a real problem

they saw Joe Biden seem actually trying to walk this sucker back as soon as these which is the third time in the last year and Joe Biden has Just there'll be military intervention directly by the united states. his team as it were not so vast again, if want to make this the new policy of the united states, I'm all for it, I actually am. I think that the united states does have a massive strategic interest in protecting the independence of taiwan. I think that the Ten, a strategic ambiguity as well. There is one china, including taiwan, or whether taiwan is an independent nation, is incredibly stupid. Taiwan is an independent nation. Has it has its own? Independent government is not governed by the chinese government, nor should it be, and the fact that the west was true equally ambiguous. With regard to hong kong for twenty years means that hong kong is now that did to chinese journey and they literally just walked in with no casualties and took over the place, and no one said boo. So either you draw hardliner, you don't draw hard line up on a geostrategic level and very much in favour of the idea that the united states is going to say china from invading taiwan on an actual practical level

we do that and our making commitments that were unable to fulfil. That is a serious problem. That is a real problem, and so, when you have Joe Biden out front, saying things that maybe we wish, would rule, but maybe you don't actually have the stones are the brass to back up the problem is Joe Biden says we will get ourselves involved militarily I could also have one or two impacts. One is, and it tells the Chinese Don't do it because prices can be too high and even if you are the wind I want. You would then be state of war with the united states, and you really don't want that. I doubt that is possibility number one possibility. Number two is that looks abiden any says, I'm call your blog. I do you now just ratchet attentions up. I don't think you have the the resources in theatre to prevent us from actually taking taiwan. I think you might have those resources in theatre over there? Couple of years- and this is your new strategic proposal- and so I'm african, and try to take tat one like asia, I'm in a triangle in there and take it before you can get more resources. Over there, So this is the problem with getting out over your skis way. The Joe Biden is, if you're, going to announce a policy like this, it actually has to be a real policy change with the brass debate.

in my view, the brass him in the military wherewithal to actually back up the plan. According to the wall street journal present binds had the united states respond militarily to vent. I want if china tries to take it by force. Sparklin lindsey over whether the united states was moving away from its long standing policy and strategic ambiguity and prompting a clarification from the white house and again. This is what, bins Biden. A lot is you, ever sure whether it's the dimension, talking or national policy change is apples, as for brains actually saying something that is a real policy should for the united states or is the nurse team from the press, coms core gonna, have to come. and explain away what he's just trying to do is come We met with anger from beijing and praise from Taipei. There also the pattern in august in october of last year, the present and answer questions on taiwan by suggesting a break in? U S, policy for the demo, Equally self rhode island only have aids jumping to say nothing to change this time. He speak alongside the japanese prime minister in Tokyo during his first trip to asia, as commander in chief

the president was asked if the united states we get involved militarily in response to a chinese invasion of taiwan after declining to send troops ukraine by russia. invasion. He said yes, that's the commitment that we made twenty four industry spokesmen Wang when been raised. His voice when ass, an irregular briefing about binds remarks is that china has no room for compromise in concession on core concerns. Like Taiwan, don't take firm action to safeguard the sovereignty and security interests, we do what we say: Finally, in his monday remarks stretch, the us remains committed to the bedrock one china policy, which recognises the present rulers as the only legitimate government and acknowledges beijing's claim that Taiwan is a part of the nation but the prison So that policy does not give China the wretched forcefully take over the island, says grew the one china policy and all the attendant agreements were made, but the idea that can be taken by force just taken by force would just not be appropriate to adjust in the entire region. It would be another action similar what happened in ukraine since a bird that is even stronger discipline, The possibility china will try to take. Taiwan is speculation, as this will not happen, but Joe Biden

invitations count for nothing. Considering that he also expected the taliban would never take afghanistan, which happened to be the case. for approximately negative thirty seven seconds and he I suggested that the russians would probably not you grandam and he's just they wouldn't any greater than is just the russians would fully take you gray, and then he suggested we're gonna be the bag, so by instability is perfect. Things is extremely limited in the competent that the man can predict his umbrella movements at this point taiwan is thankful to the united states for its rock solid commitment, foreign ministry spokeswoman joanne out responding to buy commitment, a waiter, official underscored the president's assertion that american policy towards taiwan has not changed the official. said Biden was referring to the obligation to bolster tat, possibility to defend itself, which is enshrined in the taiwan relations at that passing nineteen seventy nine but raise any attempt to determine Taiwan's political future through anything other than peaceful means as a threat to american interests. Congresses it'd selling defence weapons to taiwan. Washington has previously avoided same whether would intervene directly in the event. Innovation,

Then again he has said that in the past like routinely and then his team has kept walking it back. Which makes us look confused and makes it is that we have no plan over there, which is, of course not a good thing. Now. I will say for Joe Biden that it seems as though some of the moves that he is now making with regard to china are good. So here traveling over to asia and he's doing what president both parties have in attempting to do over the course of the last ten years, maybe the only by partisan policy in the united states at this point, and that is to try to hemmed in china by making alliances with the surrounding nations. According to the new york times by his enlisted, it doesn't asia, pacific nations, g20 new, loosely defined economic block, meant to counter it. is dominant and reassert american influence in the region. Five years after his predecessor withdrew the united states from a sweeping trade accord, it had negotiated itself delight. Bring united states together with japan, of grit in india to establish new rules of commerce and the fastest growing part of world and offer an altar, the beijing leadership where you live opposition at home by this new partnership will avoid the market access provisions of traditional trade deals raising

of how meaningful it will be up again If it's damn de sort of stuff than it really doesn't do anything. It was just like hey we're all and that great you actually have to have A regional trade bloc liberalisers the economic trading rules with these nations in order to create. Counter incentive for them to join with the chinese, were a huge security threat on the war of all these countries binds and wanting to help all of trees, economies grow faster and fairer. The present was sitting alongside prime minister Lorenzo modi of india as well as private prime. For me, ok of japan for the euro of the initiative, while other leaders join the event by video conference. This is again part the Biden strategy to try to ring in china, which again is good strategy and has been pursued by members of all parties. The new york times tries to cover it as though trump not trying to do as he was. He was just doing it through bilateral trade agreements, as opposed to through trans national trade agreements.

commerce secretary general remind us as it is by any account most significant international economic engagement. The united states has ever had in this region. The launch of tomorrow in Tokyo marks an important turning point in restoring you us economic leadership in the region and presenting in the pacific countries an alternative to china's approach. Critical issues and again spoken with with top level democrats on this particular stuff we're top level republicans. There is a widespread partisan consensus, but there needs to be. farming activity designed to counter rising chinese influence, particularly the belt and road programme in china. Especially at a time of chinese weakness and try that is not in strong. You can position right now. They have massive outstanding debts, beach Its economy is a bit of a mess and is one of the matters that I mean a lot of a mess for a very long time and they are sort of threatening to it. And territorial holdings to counter the fact that they are in a bit of a in economic mass, article china is now boosting its own

security packed with a bunch of island nations in order to spread its actual military powers, hard power all across the pacific told us that in just one moment first, you need life insurance, I don't know what is coming around the bed, I mean it could be a mack truck and you could be standing in the middle of the street while you know as that. Unfortunately, circumstances replace you might be thinking yourself, man, cheerless into shapiro and gotten life insurance I needed through policies india's policy genius. Is your one stop shop to find friends you need at the right price, had an overlap, Genius outcome, slash burying get started in minutes, personalized quotes from top companies to find your lowest price. You could say fifty percent or more on life insurance by comparing quotes with policy genius licence day Suppose you genus are on hand throughout the entire process. Toby the standard options and make decisions with confidence. The passage. his team work for you, not the insurance companies, internet, annex four fees, hostages

won't sell your information to third parties. Policy genius has thousands of five star reviews across both Google and trust pilot in since twenty fourteen they've helped over thirty million people shop for insurance they placed over one hundred and fifty billion dollars in coverage, so got nothing to lose hadn't of the policy genius dot com, slash pure make sure your family is taken care of in case god forbid. Something should happen, you get the life insurance, you need policy genius, dot, com, slash, Shapiro, get that free life. Insurance quote see how much you could save. According to the financial times, and is intensifying its drive for influencing the pacific. Negotiate security deals with two additional island nations following a pact with the solomon islands occurring officials in the united states in our countries. Beijing's talks with Europe A pacific island nation prevail kilometers from. Why are you us if a command is based are the most advanced. The official said porthos of kiribati noticed more pacific island country over agreement covers. For the same ground is that, with the solomon islands and intelligence shell from yours ally, The beijing is trying to further increase its clout in the pacific. Came as your by began its visit. His visit to asia

amid regional concerns about china's push for influence. so, according to a leaked raft deal for march after the solomon islands could allow china to send its own police and military forces to the islands are development. The shock united states and its allies in the end up pacific from Australian and new zealand to japan, and now they are setting their sights on cure body as well. There trying again she spread out their territorial footprint across the pacific region, and the united states is trying to counter that Now this a time as I say, of economic weakness for the Chinese, the fact that by an administration is pursuing more have a of an anti china policy is good thing and again, maybe the only partisan part of the americans medical seen right now. Joe Biden now he's he's kind of I think it's gonna think he's actually approaching a lot your scale anti china approach that that is a good thing and so, for example, yesterday china and Joe Biden over the weekend. He said

economy is growing at a faster rate than Chinese trying to prop up his own economic plans, but using china's. however, is not a terrible thing, or even in the face of the story. The economic challenges our economy is providing and proving to be resilient. In fact, just yesterday an independent analysis projected that the american An economy is poised to grow at a faster rate than china. The chinese economy for the four time in forty five years mean listening painful to listen to the guy, try to stumble out sentences, but by the same again, but what he is saying in competition with china, is not a bad thing. The reason that China, by the way is failing is because China has embraced Joe Biden policies to the fullest, meaning domestic subsidies and massive borrowing plans the huge spending I so one of the weird things about the by demonstration is at the same time, they're trying to counter rising chinese influence in the pacific, which is good, verifying, create free trade blocs, which is good.

they're trying to make more overt security guarantees to Taiwan, which, if they can back that up, all of that is good they're trying to pursue bad economic policy at home. That looks more like china, article in the wall regional today, pointing out that china spends enormous amounts of money on exactly the kind of stuff that the divine administration likes quote. China spends much more in helping favoured industries, have seats, erected, funds, cheap loans, another government, incentives than other major economies. According to a new study expected to intensify the debate in washington and elsewhere over beijing's use of industrial policy. The study to be published by this, Our strategic and international studies on Monday finds that china's backing of its companies amounted to at least one point. Seven three percent of its gross domestic product twenty nineteen and at friend is continuing in dollars. that's more than two hundred forty eight billion dollars based on market exchange rates exceeding China's estimated military spending or foreign seven billion dollars, based on exchange rates that are just four different costs across countries trying to spare in both a share of gdp and in dollar terms, is significantly higher than that of seven other economies. Analyzed in the report, including south korea, France, germany, japan, taiwan, the, u s and Brazil, the united states, by contrast, spent

point three nine percent of its gdp on industrial support in two thousand and ten. Oddly enough people fail to see the connection The fact that china has, subsidized domestic industries to the tune of hundreds of billions of dollars per year and the fact that China's economy is failing. It is, though, we should imitate the chinese, maybe the reason china's economy socks is because they keep redirecting money from what would be their most market friendly use. and toward a bunch of stuff. Then the chinese politburo it would be a good idea. disclosure of subsidies murky best going to China's analyse its use of industrial policy is one more contentious issues involving the country's status, miles of isolating china again, all of this is a good thing. Maybe the only good thing the bite administration is doing at this point, but that only works there is some sort of predictable. And reliable attempt to fulfill, Promises in the ministration so far has been unable to that in other parts of the world, although they have done a better job in ukraine, it meanwhile the other headline on your twenty? Twenty two monkey,

it's bingo card, you didn't think monkey box going beyond their. There did you, and that was that was weird. So now we have fifty from talking about covered she talking about monkey and apparently were supposed to be very worried that are going to the president of the united states. Everybody should be learned about monkey partridges where these are concerned. At all about monkey council, explain why momentarily question one of your health advisors told you your level of concern to be about monkeypox indicated there any knighted states around the world level of exposure yet, but it is something everybody should figure out what we do and what available for Should we be order monkey possible the data suggest. No. According to sky news in the uk, the uk is facing a significant rise in monkey box cases over the next week, Expert has worn as new infections reported in mainland europe and the united states more than one confirmed or suspected cases have been reported.

hopefully, including twenty in the uk, with a majority of infections in spain, linked to a sauna in Madrid. Switzerland record Its first confirm case on Saturday Efron infected person developed a fever. Interaction felt unwell infection, followed physical contact abroad, which is a euphemism infected person, is isolating at home. Officials, another one had on saturday that several patients had contracted monkey poxy day after the country accorded its first case in germany, these two cases monkey parliament record in berlin after the country's first infection was detected in munich on friday, apparently, now appeared at a pay, an impatient in new york city as well as some people. In florida, Israel. The report is the first case on saturday, a man in his thirties who just returned from a trip to western europe, so it is bunch of countries. So why ugly. Am I not particularly concerned about it? Well, because it turns out that it sexually transmitted apparently and so the best signs that we have available suggest that it is dude screwing one another that is creating the spread of monkey box according to the guy in a senior advisor for the w h has said. Monkey box outbreak seems to be spreading through sex

we'll contact and warned the case numbers goods. Over the summer months, as people attend major summer gatherings and festivals, David, as chair of the w h as strategic and technical advisory group actress hazards with pandemic an epidemic potential, but a meeting of the group on friday because of the urgency of the situation humans writers. The w H was working on the theory that cases so far identified were driven by sexual contact. What seems happening now? Is it got into the population as a sexual form as a general form and is being spread as our sexually transmitted infections, which has amplified its transmission around the world's said, haman haman humanism, the london school of hygiene and tropical medicine. He said gebhardt outbreak did not resemble the early days of covered because it does not transmit as easily their actions but most important messages. You can protect yourself. So We are going to do the same thing now that we have done in the past, to pretend that disease that is particularly affecting people who engage in a particular type of activity actually might hit you, which, of course, is not correct. The w I Joe now issuing a statement. Is they asked me

through the summer season with mass gatherings, festivals and parties. I am concerned that the admission that the transmission, a monkey box it could accelerate this according to HANS clues to double it chose top officials on the continent. this is currently being detected, are among those engaging in sexual activity. Warning you shouldn't go like big events register by the way twenty monkey pots infections hasn't friday. A note, reports from them are among gay and bisexual men. but we are all supposed to apparently now not go to mass gatherings because we might slow and fall onto a sexually transmitted disease in some way I'm just going to note here that the sign differential with regard to expectations in behavior is really really astonishing. It is quite a stunning thing. already, when it comes to call, they were supposed to mask up for all time when it comes to promiscuous acts in saunas. However, now then we can be expected. Stop that we get to that just one moment. First, when interest rates rise,

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american financing, eight six eggs, seventy one and thirty, three hundred or american financing dot net. When it comes to covered, we are supposed to mask up until the end of time. It is vital, mask up until the end of time. If we are in public, we must mask up, must be For that our kids are master. We must activate ourselves one thousand consecutive times even have already, double vaccine had on IRAN. That last, when describing double vaccine, economic growth or those most ass, one million times consecutively until eighty percent of our body, what is actually composed of the vaccine, then, when we are in public settings. According to the white house, we are supposed to continue masking up despite the fact that the data but I do mask on endocrine. Do not exist. There is his jaw from the right saying when you're in a crowded area the summer, you should continue to wear a We ask that has been proved to do pretty much nothing with regard to on IRAN, so we all feel better about one another, advice number two, as I agree with mere items that, when you're in indoor space are usually wearing a mask, I feel that very strongly that in crowded into spaces in places with high transmission, people should be doing. Ok,

our worst most of all, mask up in public places, because after all, we have to stop those were slow. This What we can to any of those things actually pay much. Everybody has immunity either natural or vat at this point, but but we must call on you to do all those things right. Wouldn't you all that we're not shut down businesses for a couple of years when we shut down the world economy and destroy it, we're going to make sure they are small. Business never opens again when making for kids at a school in a mask while children gonna force you to jabber kids like several times in a row, you all they to stop the spread of covert. However, if you suggest keep box is not a global crisis and that it instead being driven by gay men having sex with one another visit, early, is really really bad because you can't expect and not have sex with one another like a month, you can't is going to. ragged involves over at yale using research, epidemiology expert focusing on infectious disease has been an age activist for third years he's an associate professor at the school public out. Here is his threat today,

It is telling that sort of activity that we are expected as human beings to engage in verse is what we are expected not to engage in. So I breathing not jabbing your kids, not like all that stuff put it by the wayside. Yet we are, we can handle it. Not going you're not going scope that, like that's just that's the price of doing business, But if you say to people, perhaps to prevent the spread of monkey, partition, goodwill sana and screw somebody else, then apparently you have, you have violated all structures, of decency when it comes to human behavior, hers, gregg nuns, opposite so a threat, a monkey box. I am not an expert on the pathogen right now many of the cases are in gay men. I know think about infectious disease among men who have sex with men. First not a gay disease? If you say it is your problem reading stigma and ignorance, damaging italy, public health responds to this and endangering lives Well I mean I'm not saying that it is purely a gay disease mean presumably a bisexual person could have saxony person of the opposite sex and transmit the disease. When you see that

he's being transmitted largely among gay man, and you have Then it is largely being transmitted, among gave it to mean that that happens, to be the facts of the case, but the goal here is always present in that sector. activity has nothing to do with any of this, sort of stuff. There's a peace over at ploss dot, org positive public library of science and they have an entire article on this same statement in a particular group of individuals, fuels fear and seriously impedes upon outbreak, investigation, caissons, identification and public health interventions. the repercussions of labeling hiv infection, a homosexual disease, ledge ones, hold suffering and gay communities in the eighties. We're blame the epidemic. While I mean the reality, in the eightys. There is an attempt by a lot of public intellectuals do pretended. It wasn't predominantly being spread in the community, and there is a massive panic it straight people. The spread of hiv attics at exorbitant rates, which, which was not the case by the way, this is to justify discrimination against homosexual people or people who engage in this activity, but you not tell them,

it was about which diseases are linked, which kind of I mean like we will link your breathing on. Another person's you covered blame you will shame you if you don't get the vaccine, but if we say that a diseases spreading predominantly among gay men who are having sex with one another and its homophobic, like that's, not the way that this works describing These factors is not homophobic. It just happens to be a fact and trying to pretend that it is some act of I'll discrimination to describe how disease our past is really really silly. Can really silly its anti data, but you have brigands offsetting the disease spreads Michael physical contacts, and this is the setting in which most cases have been found in this global threat of outbreaks most likely disseminated a large social events? Gay? While I mean it's not just close physical, contact is not just us all going to a movie together. were not all having sex with him. In other movies, can't movies. I go to Greg involves. The answer is to shut down all these parties or told him

to stop having sex with them or dancing in close proximity to each other. It won't work, I'm just going to find point. It won't just put put a focus on that. It won't work shouldn't know: businesses for two years and mask up everyone, including the babies, with surgical mass dump, properly it'll work, make sure everybody's? That's one million tonnes, probably were shut down. Air travel that better work. Blow out the economy like seven trillion, that'll work, all our everything worked, but if you tell people not to have sex with one another for five minutes, we'll work it won't, it hasn't work for shaggy or other kinds of infectious disease outbreaks among gay men. Friend said this is what we do. Don't panic, don't stigmatize don't suddenly become such a negative, you wouldn't want that sex negativity saying that, perhaps you should only have sex with a committed partner, monogamy, I mean we want that Abu Dhabi terrible kate men and want to watch out for asked people to stay if they're said, or have some unusual lesion pop up, even if they are planning to have sex. If we

to cancel events and stop having sex. We use any hope of an effective response later. If this and burn itself out. It's unbelievable. Apparently all we had to do to defeat like the covered lockdown folks, you should have said from the very beginning. What we need to do is stop people from promiscuous sex with one another and the entire left- would have been like no, no that's impossible. We can do that. Maybe not you know what I know. Downs guys the lockdowns are over. You can go back to business as usual. Just enjoy your lives, send the kids to school. I mean anything to protect the promiscuous acts. We gotta do that it would be just a relic to all humans. We can't expect human do not engage in promiscuous sexual activity at bars. We can expect people to do that. The best thing is kragans have says I mean it like that they don't apply this at all to covered, but they applied. he passed, which so far has affected like a hundred people globally. It I'm sorry, that's nuts, but it's gonna be areas right again. I'm chivalry that again slowly, don't pretend this I discovered one. Second, don't panic Don't stigmatize, don't?

suddenly become work school, breathing. Mass gathering, church, negative educate but I want to watch out for asked people to stay if they're, sick apparently again now like bit. The chief threat here is that society might incur people might have promiscuous sex and therefore we have to you know we we wouldn't wanna, do that that'd be that'd, be super bad, so just gonna point out the The unbelievable hypocrisy with regard to what we expect people to do for what we expect it will not do it unthinkable unfair I have to ask people not to have promiscuous sex with one another at rock concerts, but it is absolutely thinkable to shut down entire societies for years at a time based on it, That largely kills the elderly just slow, clap platform for our nation public intellectuals, slogan for the experts you got, you guys are doing great. You don't. Let me speaking of the experts, to remember that time, when we're supposed seven unprecedented economic recovery that was going to just he's right into a boom, considering that we had artificially made the economy comatose in

thousand end and twenty member that, while yet I'm gonna get bear market so according to your journal. He stock market is on the verge of an actual their market. They say you Stocks are in the midst of their longest, often decades when there, close the bottom is anyone's guess: markets I have long term strategy is trying to predict whether they were close to done some have concluded with birth. Japan selling others, such as the one lasting from nineteen. Seventy three seventy four ground to an end. After days of subdued trading volumes, many Messrs nationalist, looking back at historic pullback believe that the current slump that us put the be five hundred on the cusp of a bear mark and still has waited all the x is down nineteen percent january the record floor. With the twenty percent decline that would enable market began in march twenty twenty, this year's stuff, hell off now and it's this month has already gone on far longer than the typical pull back of current without recession according to the joint bank, yet the federalist, it is still in the early days in the early stages of its campaign to raise interest rates, meaning annual conditions will tighten further and put more pressure on stocks in the coming months. Many people are

article, the central bank will be able to keep raising rage, thou tipping the economy into recession, appeared active typically fallen about thirty percent, going back to nineteen twenty nine. So it is unclear at this point how deeply you stock market is going to die. But the answer is it ain't gonna be pretty during past? Bear markets. market dump his ranged anywhere from like fifty percent, october. Twenty o seven to eight to a low of like. Twenty five to thirty percent those january to march of two thousand nine david Bird president, chief economist, Rosenberg researchers closed, there's, not a chance in hell that that will be able to inflation, without significantly impairing domestic demand, so stop declines have now become just part of what is being protected. According to the wall, street journal conditions are ripe for a deep bear market. with the Essen p, five hundred briefly on friday, twenty percent from its general peak, it's very tempting to start calling to trying to come and of the sell off the problem is its only, the conditions for a rally

is in place- and everyone is scared now Four timing started twenty twenty rebounded this time around may not be enough. The other. wireless so that investors sarcey away through the challenges and policymakers cartel convent, he's already weak surveys and sentimental fund managers, private investors and financial rules. Letters are already at march. Twenty twenty levels of caution about stocks, options that protect against market falls. Have been so popular since back then either in summer sentiment is actually worse than it was. Then this time central bankers are scared not by falling markets or by economic allowed by inflation. Something major breaks in the financial system, though, refocus on finance and recession, could problems. think rate increases. But for now inflation means failings. Prices are seen merely as a side effect of terror. monetary policy, not to invoke the fed, put and rescue investors? There's nothing more The latter followed twenty percent usual definition of a bear market, but does crop up a lot in the past for Here's the esa! Ninety five hundred bottomed out with a twenty percent or so peak to trough decline for

ninety ninety ninety eight two thousand and eleven, two thousand and eighteen four times had far bigger losses, as true panic to hold its unclear at this point. Just exactly what this looks like when we hit the bottom And it is unclear how resilient is economy is either small. Businesses are freaking out two routes, I'm in the wall street journal. Small businesses are flashing, warning signs on: u s economy as inflation supply chains are also shortage of workers and rising interest rates, dark and the outlook for entrepreneurs. Fifty seven percent Small business owners expect economic conditions in the: u s worsen in the next year, a perform two percent in April equal to the all time low record in April of twenty twenty six intend small business owners think that the EU The conditions are gonna get worse, which they are a measure is one part of a broader conference index and may posted its largest year over your drop since the covert children, in April and may twenty twenty, despite rising prices. The portion of small businesses that expects revenue to increase in the coming year fell to sixty one percent that is down from seventy nine percent in may,

twenty twenty it just feels like they're all these factors that are out of control and doesn't seem like there's light at the end of the tunnel and many long, the owner of try kitchen men. factor of country. Another fermented asian flavoured vegetables Again, small businesses and large companies are feeling the strain at this point. and all this is having a massive impact on Joe Biden prospects for twenty twenty two Things are looking really ugly out there as well regional point out by His advisors are already grappling with inflation. Trending therefore, decade high, wavering consumer confidence headwinds posed by russia's war in ukraine. while sentiment, minority leader mitch, Mcconnell recently said it's this president and his all democratic government who have drained american families pocketbooks every poll shows our citizens understand that sad reality all too well already coming up Joe Biden numbers based on the economy are just horrible and he's gonna pay the price.

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is gonna leave its natural process, as it turns out Kennedy. We covered some amazing stuff we're going to take some more time before putting this film out there, because we want it to be as good as it can be, because we are still in the investigative phase in this film then, as candice likes to say, we'll let sunshine the best disinfectant greatest lie ever told. George wood and the rise of vietnam is coming soon. It can be worth the way listening to the largest fastest growing conservative pakistan radio show in the nation yeah So by administration really struggling here, the economic numbers for Joe Biden are just brutal. A new poll axioms shows. Sixty nine percent of americans say that the economy is bad. Sixty five percent of the Biden is slow to react when issues arise and sixty represent described the state of the country is uneasy and worrying all which prompted president chew. Presidential chief of staff or enclaves tweet up ages, The narrative, but this pole CBS news ball shows the president approval rating moving up and solid

confidence on the two biggest issues inherited covered and jobs? The conference on is everyone's already had it when it comes to jobs. Yes, a low unemployment rate also beppo shows Joe Biden nearly forty four percent of rewarding when brag about eighty four percent of rewarding is the chief of staff as well whistling, it passed the political graveyard right here, our times beginning to note how bad things look for the Democrats quote, setting the pulpit of ebeneezer back his charge, the spiritual hum of martin luther king Jr, the river, I felt we're not gonna sermon on the last sunday before georgia's tuesday primaries as about get It's where you need to go and navigating the challenges ahead rise up, warm every opposition every obstacle into an opportunity. Warnock urged he's, not explicit talking about his job as u s senator, but you might as well have been four months nearly all. the political oxygen in georgia and beyond has been sucked up by ferocious republican primaries, intraparty feud did it become proxy wars or donald trump power fuelled by his attribution agenda, but the ugliness

of the gnp. Infighting has at times obscurity political landscape that is increasingly tilted in there. Looking direction in georgia and nationally democratic. cited for stacy abrams, the former state legislator and voting rights activists to jump into the twenty twenty. Two governors race promised: potential rematch, the twenty eighteen contest. Chile, narrowly lost war, has emerged. Not only is compelling speaker there's one of his party's strongest fund razors it. The growing fear for denmark is that even the strongest candidates and recruits can outrun combines wheezing approval ratings by only so much and our getting washed away in a developing red wave. I think twenty one of was referendum on France, it actually fogel forty four year old, democrat living in atlanta and another that same energy and twenty twenty two already. A republican led remaining in georgia has effectively one democratic house you'd, admit another vulnerable challenges facing Democrats are cyclical, and structural democratic majorities on capitol hill could scarcely be narrower. The party in power almost always loses in a president's first term election, even absent the current overlapping national crises. Some

which are beyond widens control. I love the dinner time tested sites on titans fault, substance fall by it. It's a little biden. vault inside the white house is political operation has been a subject of griping in some quarters for months, a furious effort is afoot, refrain twenty twenty two as a choice between the two parties rather than a referendum on democratic rule I needed done of operator long time by an adviser has rejoined the administration to sharpen into messaging ash Anita Dunn, most famous, for putting like a MAO christmas ornament on a obama, white house christmas tree the democratic base. quite demoralized at the moment, centre Bernie sanders over mamma the parties leading progressive voiceless voices. Put it bluntly: if the scene of the highest eyes for the Democrats in twenty twenty turning blue the presidential level for the first time since ninety ninety two flipping to Senate seats, clear, whether the ideologically sprawling in multiracial biden, college and a unified you asked a trump is reputable. This fall, warnock is expect, today's herschel walker, the republican former football star, with scant political aims

And one exhorted them leveraging a twenty three million dollar war chest to tell voters. He feels at their pain and you show that he doesn't know what he's doing here. You literally says in one of his adds. I'm not a magician, don't blame me. in the republican raised for governor Brian come who is going, when is primarily david produce is going skunk stacey abrams According to the new york times you miss abrams, has emerged as a national starman democrats, a privately democratic. I just fear her high watermark- might have come in twenty eighteen when she law in a democratic wave. Your most points, was raised for governor and send it with a slight republican advantage. So good luck! democrats. In all of this, there frank spend their way out of it and it isn't going particularly well national economic council chair Brian. These has become a regular, Stable on cable news now, because they ve Somebody out trying justified this debacle, economically speaking, he was asked,

typically on cnn, and whether the united states can avoid a recession and that he dodged the question. Yes or no is the us falling into a recession, while there are always risks, but Therefore, I think we are. Our economy is in transition from what has been the strongest poverty and modern american history to what can be a period of more stable and resilient growth, that works better for families, and so, if we keep our focus on bringing inflation down in a way that actual oxfam when it you're not saying now we look there. always risks, but we feel very good about where the united states is particularly when you look on the global landscape. So that is it that is not to know. That is not a no meanwhile

bash ass these. So how did you guys blood on inflation and he really have a good answer on that one either. Let's talk about inflation, it is still nearer the highest levels in four decades ryan. How did they administration get? That's along with a lot of things have changed over the course of the last year and we ve dealt with a lot of unexpected challenges mention the delta wave of covert or mccrone on top of that, and more recently Putin's invasion of ukraine, which has sent gyrations through global energy markets. How Putin is its ukraine is its bunch stuff that we never could have expected. Like future means that everyone expected nobody's two nobody's gonna buy this, which is why gave it Axelrod former obama adviser he's out to bring together jack? I mean just twenty: is going to be a hideous red wave, it's an army just get ready for it back down the hatches. Inflation is hard to reverse the fair as the major cudgel here, but that involves

raising interest rates which has its own problems there, the things you could do like relative to take care of sir student loans. That would be unpopular mean there really aren't a lot of tools here for him and that's what makes this so uncomfortable yeah. It's a sad story here for the Democrats, so they're talking about throwing everything in the world against the wall and they're talking about we'll talk, abortion or those of racism or those talk about ending student loans soon loaned at or they'll talk about republicans are gonna steal elections. If you, if you don't elect democrats to steal elections, because after all Democrats have not been too shy, about their desire to recollections by rigging the rule, and none of us are going to pay off this is going to pay off. So it's all baked invalid This point, Joe Biden, is in serious trouble. Now republicans it'll blow it, because republicans are very good at blowing things. They can have a bunch of candidates who say dumb stuff. They can lose a couple of senate seats because republican candidates say really stupid

but overall democrats are in a world of heard here. They know they are in a world of her here and em, there's preparing for the show lacking to come. So everybody shut Are you back hilarity? Doesn't additional hour of contents? Meantime go check out the Michael mole Charlottesville right now. I'm rivers hits the bench, morocco. If you enjoy This so dont forget to subscribe to the shop, help spread. The word about the bench of euro show That's a five star view ensuring the show with a friend were available on apple podcast, spotify youtube or wherever you get your pocket. and be sure to check out some of our other daily worshipped. The men shapiro always produced by bradford Carrington executive, pretty jeremy boring supervising producer math is glover production manager. Polite asking associate producer, sven intermingles morris, editor, Adam excitements, audio myths are micro, mina, here and make up our wisdom, wardrobe nebula, christina production coordinator jessica, grant the bureau show is a daily where production, copyright daily wire. Twenty twenty two

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