The White House reveals that Joe Biden has COVID, Michelle Obama is ready to release a new book, and the Feds consider charging Joe Biden. Ben Shapiro's show is sponsored by ExpressVPN. Protect your online privacy the way I do.Just fire up the app, click one button, and you are instantly protected! And ExpressVPN works on all your devices, like laptops, phones, and tablets, so you can stay secure on-the-go. Secure your online data today at ExpressVpn.com/ProtectYourData and get 3 extra months for FREE. That s E-XP-R-E-S-V-P-N. That s e-XPR-N - Protect Your Online Privacy Today at Expressvpn.COM/Protect Your Data The Way I Do - Ben Shapiro s Show is Sponsored By ExpressVPN Get Those Three Extra Months For Free! The President of the United States has tested positive for Coochid19, but he doesn t actually have cancer. Oh no, he doesn't have cancer, does he have it? The other reason I can mock this is because God's revenge on Joe Biden for being a terrible president. And the other reason is because the left thinks this is just God punishing him for doing something wrong. And I'm going to keep the faith and keep The Faith. I m Ben Shapiro. In the meantime, Ben Shapiro - The Ben Shapiro Show . Subscribe to my new podcast, by clicking here and I m going to continue to get it done, I m doing a lot of work done, I ll be doing it, I promise you that I do that, I do not get it better than that, and I do it, and that I will keep it, too, I will do it in the meantime I do more than that I will be doing more of it than that on my on Insta-tweet , I ve got it on Instafone in the Insta & I ll send you more than you get it out on Instacare that s not going to be that, you ll be more of that, that s gonna be more like that, right like that , I get it on that, so I am going to say it, you re not getting it out in person, I won t be that in person
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00:01:27.000Finally, after all these years, Joe Biden has now come down with COVID.
00:01:32.000I can joke about this because COVID is not a serious disease anymore for the vast majority of people who get it, particularly those who have been vaccinated 1,000 times.
00:01:56.000If you read the Bible, then you'll see that there are circumstances in the Bible where people do things wrong and then God punishes them with a plague.
00:02:45.000And then apparently White House doctor Kevin O'Connor said the president is currently experiencing mild symptoms, mostly rhinorrhea or runny nose and fatigue with an occasional dry cough, which started yesterday evening.
00:02:55.000Now, listen, he is in the cohort of the population that is most vulnerable to COVID.
00:02:58.000He is 79 years old, obviously, and has cancer.
00:04:14.000Like, listen, I had major problems with Jen Psaki and her political point of view.
00:04:18.000I've had problems since she was a State Department spokesperson.
00:04:20.000But Jen Psaki was actually good at her job, which is to spin on behalf of the President of the United States.
00:04:24.000Karine Jean-Pierre cannot spin, like at all.
00:04:27.000She's just stuck in the ground and she can't spin.
00:04:29.000It's like a weather vane that's been rusted over.
00:04:31.000So Karine Jean-Pierre yesterday Was asked about where Joe Biden got COVID.
00:04:35.000Now I've been told for literally years that this is a deeply important question.
00:04:39.000In fact, the position of this administration for a long time may still be was to test and trace is that you were supposed to figure out who you could have given COVID to and who you could have gotten COVID from.
00:04:49.000We need to find the vectors of infection and then completely ignore the actual vectors of infection because we have to pretend that you need a mask up on an airplane.
00:04:55.000Even though people don't get COVID on airplanes.
00:04:57.000We have to pretend that schools are chief vectors of infection, even though there's no evidence that schools were chief vectors of it.
00:05:01.000So, but we were supposed to be super concerned with how you got COVID.
00:05:04.000Now, here is the reality about COVID right now.
00:05:07.000As of now, this wasn't true at the very beginning.
00:05:09.000It's certainly true at the time of crime.
00:05:31.000If you're older, like Joe Biden, you needed to get double-vaxxed and double-boosted because Joe Biden is not somebody, like, in a normal, run-of-the-mill disease vector.
00:06:01.000I certainly don't know if you have any thoughts on it.
00:06:03.000Look, I don't think that matters, right?
00:06:05.000I think what matters is we prepared for this moment.
00:06:08.000I think what matters is what Dr. Jha just laid out.
00:06:11.000If we look at where we were a year and a half ago, this is a president, when he walked in, one of his first priorities was to make sure we had a comprehensive plan.
00:06:31.000And as Dr. Jha said, if you have not gotten vaccinated, please do.
00:06:35.000If you have not gotten boosted, please do.
00:06:39.000These are treatments that are going to keep you safe.
00:06:43.000And I think that's what matters here, is making sure that we continue to do the work.
00:06:47.000And the good thing is that Okay, that is some bad spin there.
00:06:54.000It no longer matters where the President of the United States got or who he's been with.
00:06:57.000By the way, there are other people who are on the plane with Joe Biden who just came back from Saudi Arabia who have now come down with COVID.
00:07:02.000And again, I'm old enough to remember because I'm more than two years old when Donald Trump was president and when there were a bunch of people who went to the White House and a bunch of people got COVID.
00:07:37.000In order for all of this to be a non-story, all Joe Biden and the administration have to do is say a thing that would help them politically anyway.
00:07:55.000If they had said this, half of the economic problems this administration would have been suffering from, half of the political problems this administration has been suffering from, would never have materialized.
00:08:10.000So because they will not let go of this, that means when the president of the United States gets COVID, instead of everybody being like, well, I'm, you know, he got a cold, who cares?
00:08:17.000Instead of everybody reacting like that, it's like, oh my God, he got COVID.
00:09:02.000But she says he wasn't too casual at all.
00:09:04.000Does the President, does the White House, are there any regrets about the amount of time in recent days and past weeks that we've seen him unmasked, shaking hands with people, hugging people, fist bumping, in close contact with crowds?
00:09:23.000I've said this before from this podium.
00:09:25.000We have an incredibly contagious variant, and we've had a protocol that I think it's done a very good job protecting the president.
00:09:35.000The most important part of that protocol, by the way, is making sure that he was up to date on his vaccines and we had access to treatments.
00:09:43.000The president wants to get out there and be with and meet American people.
00:09:47.000But when it was Donald Trump who wanted to be out there and meet the American people, then it was really, really bad that he that he did all of this sort of stuff.
00:09:54.000By the way, one of the things that he was saying when he went to the Middle East last time is that he was fist bumping in order to avoid COVID.
00:09:59.000But then he was shaking hands with people.
00:10:01.000And then he was like giving people bro hugs.
00:10:03.000So none of this makes any sense because none of the policy surrounding COVID from this administration has made any sense at all after the rollout of the vaccines.
00:10:11.000Ashish Jha, again, the White House COVID director, he was asked about the Joe Biden decision to go around shaking hands with people even after symptoms had materialized, right?
00:10:19.000Because the rule is supposed to be, according to the CDC, that once you get the runny nose, once you get like the mild fever, you're supposed to isolate at that point.
00:10:26.000before you even know whether you have COVID. He was asked about this. Well, that's not true for everyone. I mean, Joe Biden's one of the special people. It's not true for Joe Biden. Like when the CDC guidance says you should isolate if you have symptoms.
00:10:38.000As soon as you became aware of your symptoms.
00:10:40.000So I'm asking, did he start isolating only after the positive test, and he had the symptoms before the positive test?
00:10:48.000It sounds like he had the positive test, was then questioned about any symptoms he had, and he said, oh yes, I do have these other features.
00:10:56.000Which would suggest he didn't comply with the CDC guidance.
00:11:01.000I think he became aware of his symptoms of runny nose and sore throat this morning, thus when he developed the symptoms.
00:11:07.000Yeah, but before or after the test is what I'm asking.
00:11:13.000I don't know the exact like hour that he developed that he became aware of his symptoms.
00:11:18.000So you're asking like within minutes, like when exactly did his symptoms be?
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00:12:48.000By the way, you know who's really unworried about this is Joe Biden.
00:12:50.000So apparently, according to Kate Bennett, the CNN White House correspondent, Flotus and POTUS, First Lady and the President, will isolate away from each other for the next few foreseeable days.
00:12:59.000Joe Biden will travel later this afternoon to Wilmington, Delaware.
00:13:02.000President Biden will remain at the White House.
00:13:03.000So she's like, I will catch you later, Joe, just leaving him at the White House.
00:13:09.000They go back there every weekend because Joe Biden basically is in a political retirement home and he goes on these field trips to Washington for a few days a week and then he goes back to the nursing home in Delaware every weekend.
00:13:20.000But Jill is not going to miss time on the beach in Rehoboth, so she's headed off to Delaware and she's going to leave Joe Biden behind.
00:13:27.000The real question is how Joe Biden survives the loss of America's greatest doctor.
00:13:30.000I mean, if America's greatest doctor isn't there to care for Joe Biden, frankly, I'm deeply worried about his health.
00:13:36.000We know for a fact that she is just, she's a medical professional.
00:13:42.000The greatest of all doctors, except for Dr. Pepper and Dr. J. Meanwhile, CNN's Caitlin Collins, she points out, yeah, Joe Biden's super old, and so we're concerned about him because he's old.
00:13:51.000I love that the media will now talk about the fact that he's old.
00:14:40.000Is there, from White House official sources you talk to, any level of concern among staff in the White House now, given this positive test?
00:14:47.000When you talk to them, they'll say he is vaccinated, he is double-boosted, we follow all these guidelines.
00:14:53.000But I think when any time someone who is in their late 70s gets COVID-19, it does raise concerns.
00:14:58.000And that is why they worked so hard to try to avoid it and to try to make sure that he did not contract COVID-19.
00:15:06.000By the way, Joe Biden's approval rating continues to sink ever greater.
00:15:10.000President Kamala was trending yesterday, which is just, oh no!
00:15:17.000But the reason it was trending is because, of course, nobody actually wants Joe Biden to be president anymore.
00:15:21.000According to the Des Moines Register, less than one quarter of islands say they think Joe Biden should make another run for the White House in 2024.
00:15:28.000Less than one quarter, 23% of Iowans say they hope Biden runs for president again.
00:15:36.000Brutal poll numbers for the president of the United States.
00:15:38.000So a lot of people are like, well, you know, we pray for the health of the president and then we wish him to go away.
00:15:44.000Well, this leaves a great vacuum at the top of the Democratic Party.
00:15:48.000The person that a lot of people fear on the right, including me, is Michelle Obama.
00:15:51.000Michelle Obama has cultivated this very popular Oprah-like image in the aftermath of her time in the White House.
00:15:57.000She is not actually a unifying figure.
00:15:59.000If you go back to read her Princeton thesis all about systemic American racism, she was doing critical race theory before CRT was a thing.
00:16:05.000She's the same person who said in 2008 she'd never been proud of her country until the Democratic Party nominated her husband for President of the United States.
00:16:13.000When you read what she has to say about half the country in Barack Obama's memoirs, this does not sound like somebody who's a great unifier.
00:16:19.000But the media have turned her into a great unifier, largely on the basis of her 2018 book, Becoming, which sold 17 million copies worldwide.
00:16:44.000That is not the same as The Light We Carry.
00:16:46.000So it's like a mixture between Ta-Nehisi Coates' title and Tim O'Brien and The Light We Carry.
00:16:51.000It just sounds interminable and horrible.
00:16:53.000Anyway, Crown is going to publish the 336-page book on November 15th, almost exactly four years after the release of Becoming.
00:17:02.000According to the publisher's announcement, quote, in the light we carry, Mrs. Obama offers readers a series of fresh stories and insightful reflections on change, challenge, and power, including her belief that when we light up for others, we can illuminate the richness and potential of the world around us, discovering new pathways for Prague.
00:17:25.000Sorry, I almost got through the sentence.
00:17:28.000This hippy dippy new age crap is just so boring.
00:17:34.000First Lady. Wow, she has experiences as a friend, unlike the rest of humanity, and as a daughter, unlike literally all human females. And as it, she shares the habits and principles she has developed to successfully adapt to change and overcome various obstacles.
00:17:50.000The earned wisdom that helps her continue to become.
00:17:54.000Penguin Random House has announced it's renaming an annual writing prize in her honor, the $10,000 Michelle Obama Award for Memoir.
00:19:04.000If you know your light, you know yourself.
00:19:08.000I remember when we used to make fun of Donald Trump because he said that sunlight should be used as a way of killing COVID and you should ingest sunlight if we could find a way to get sunlight into your body that would kill COVID.
00:19:18.000Apparently, Michelle Obama agrees because if you know your light, you know yourself.
00:19:22.000You know your own story in an honest way.
00:19:26.000In my experience, this type of self-knowledge builds confidence, which in turn breeds calmness and an ability to maintain perspective, which leads finally to being able to connect meaningfully with others. And this to me is the bedrock of all things.
00:19:37.000She should not be president based on these two paragraphs alone. This is a horror show. This is garbage mantra-esque 1960s hippie dippies crap.
00:19:54.000It is vague, it is nonsensical, but it has a lot of buzzwords that people, I guess, makes them feel warm and fuzzy inside, like brightness and light.
00:20:34.000He of great fame, South Bend, Indiana mayor who couldn't fill potholes over there and who tells Christians that they are misreading the Bible if they read the Bible?
00:20:42.000That guy who took a two-month paternity leave when his husband had suffered no physical injury in the birth of their children, and then he was gone for two months and no one even knew?
00:21:33.000The federal investigation into Hunter Biden's business activities is apparently nearing a critical juncture as investigators weigh possible charges and prosecutors confront Justice Department guidelines to generally avoid bringing politically sensitive cases close to an election, according to people briefed on the matter.
00:21:47.000While no final decision has been made on whether to bring charges against Biden's son, sources say the probe has intensified in recent months, along with discussions among Delaware-based prosecutors, investigators running the probe, and officials at the DOJ.
00:21:59.000Discussions recently have centered around possibly bringing charges that could include alleged tax violations and making a false statement in connection with Biden's purchase of a firearm at a time he would have been prohibited from doing so because of his acknowledged struggles with drug addiction.
00:22:12.000Well, those tax violations could theoretically drag his father into it because there's all sorts of evidence that his dad knew that he was having tax troubles and that he was basically going around to foreign countries picking up bags of cash from pretty Dirty players.
00:22:26.000Also potentially in play are Justice Department guidelines governing politically sensitive investigations during an election year.
00:22:31.000They say they want to beat the election to the punch, essentially.
00:22:33.000If they're going to do it, they have to do it now because they don't want to charge Hunter Biden a year out from the election.
00:22:38.000That could impact the election itself.
00:22:39.000Well, we're keeping an eye on those charges, and Hunter Biden, I'm sure, is as well.
00:22:44.000He's probably soiling his underwear at the thought.
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00:23:50.000And meanwhile, The Republican candidate for governor of New York was physically attacked yesterday, but he was not injured, according to the Associated Press.
00:24:02.000Representative Lee Zeldin, Republican candidate for New York governor, was attacked by a man who apparently tried to stab him at an upstate event Thursday.
00:24:09.000The congressman managed to escape uninjured.
00:24:11.000According to his campaign, there is video of the event.
00:24:13.000You can actually see Lee Zeldin standing on stage as a man approaches him and seems to lunge forward.
00:24:18.000Zeldin grabs him by the wrist and is able to at least neutralize him for the moment.
00:24:22.000It looks like he was carrying, it kind of looks like brass knuckles that are edged on the top.
00:24:28.000It apparently has some stabbing implements on the top.
00:24:30.000He's kind of holding it like this and it looks as though he's going to stab Lee Zeldin.
00:24:33.000According to NPR, Zeldin was giving a speech when a man climbed on stage and appeared to begin wrestling with the congressman, said Katie Vincennes, a spokesperson for his campaign.
00:24:41.000A video of the event in Parrington posted on Twitter showed the man appearing to grab Zeldin's arm before the two fall to the ground as other people tried to intervene.
00:24:49.000Zeldin's campaign said the attacker was taken into custody.
00:24:54.000There are no actual details on the attacker or his weapon at this point, according to the New York GOP chair, although we have seen some pictures of the weapon.
00:25:03.000According to Langworthy, he says Zeldin had just a little scrape, but it wasn't what anyone would consider an injury.
00:25:09.000The chair said he was told that Zeldin's running mate, former New York Police Department Deputy Inspector Allison Esposito, was there and among those who helped to subdue the man also.
00:25:16.000Langworthy called on Hochul, the governor of New York, current governor Kathy Hochul, who again took the job because Andrew Cuomo couldn't stop grabbing ass or killing old people.
00:25:23.000Langworthy is calling on Hochul to issue a security detail for Zeldin to protect him on the campaign trail.
00:25:37.000And again, I don't blame politicians for other politicians getting attacked unless they actually call for violence against the other politicians.
00:25:44.000It is fair to note here that according to Breitbart, Hochul sent out a press release urging her supporters to RSVP to her Republican challenger Zeldin's upcoming campaign stop just hours before a man rushed onto the stage at one of Zeldin's events in a failed attack.
00:25:58.000According to Breitbart, Hochul's campaign sent out a press release just hours before the failed attack on Zeldin that blasted out the time and location of several of Zeldin campaign's upcoming stops.
00:26:08.000Hochul claimed Zeldin and his team would spread, quote, dangerous lies, misinformation, and his far-right agenda at these campaign events.
00:26:14.000The press release said, quote, Big Lie Lee and his entourage of extremists kick off the statewide MAGA Republican bus tour, which will make stops across the state peddling dangerous lies, misinformation, and his far-right agenda.
00:26:24.000Also, the New York governor claimed that Zeldin would be joined by top anti-abortion advocates, NRA enthusiasts, and a cast of extremist groups.
00:26:29.000She urged her supporters to RSVP to hear about Zeldin's Election Integrity Task Force and his recent election fraud scandal in which his campaign photocopied over 11,000 duplicate petition signatures.
00:26:39.000You sent your supporters after him and they came, said Arthur Schwartz, who is a Republican activist.
00:26:45.000Again, the attempt by Hochul to suggest that there was some sort of extremist activity happening, that he was a dangerous man, then somebody shows up at Zeldin's event and tries to stab him.
00:26:57.000If this had happened in reverse, we all know what the headlines would be.
00:26:59.000If there were a Democrat and some quote-unquote activist attempted to stab the Democrat, the Democratic candidate, and the Republicans had directed people to go to the campaign event because dangerous lies were being spewed there.
00:27:10.000Presumably that Republican would then be hauled onto the carpet by the media and asked why exactly they'd incentivized such an attack.
00:27:17.000I say this obviously because this is exactly the angle that the left has been taking with regard to January 6th.
00:27:21.000The angle the left has been taking on January 6th is it's not just that Donald Trump said things that were not true between November 4th and January 6th.
00:27:29.000It's not that he legally attempted to pursue remedies that he had no business pursuing or that the remedies he attempted to pursue had no legal basis.
00:27:50.000If Kathy Hochul is telling people to go to other people's campaign events because they're spewing dangerous lies there and then somebody tries to stab her opponent, well, I mean, if you're going to use the Donald Trump standard that the left likes to use, then you have to talk about her moral culpability for what happened.
00:28:07.000So I'm in the not category, meaning I don't like that Kathy Hochul is encouraging people to go to her opponent's events while suggesting, untruthfully, that it's an extremist event filled with dangerous lies, etc, etc.
00:28:43.000I don't know what the ratings are yet.
00:28:44.000I would imagine they are in the dozens.
00:28:45.000But the media were just over the moon about this thing.
00:28:49.000We were supposed to find out revelatory new information about Donald Trump's activities during the riots.
00:28:54.000Oh, you mean the revelatory new information that between the beginning of the riots and when Donald Trump released a public video, he didn't do anything?
00:30:24.000Okay, so I'm not sure what that is supposed to demonstrate other than what we already knew which is that Donald Trump knew what was happening in the Capitol building and then he didn't act in the way that he was supposed to.
00:30:40.000So the January 6th committee brought forward evidence that the day after January 6th, Donald Trump gave a speech from the podium in which he had a very tough time saying that he lost the election.
00:30:48.000I mean, again, I'm wondering where is the meat here, considering that it is now currently July 22nd, 2022, and he's still not saying he lost the election.
00:30:56.000So like, you mean back then he's saying the same thing that he says now?
00:33:07.000The January 6th committee, and they are out over their skis, they have made suggestions that they do not have the evidence to actually backfill.
00:33:16.000And again, all this is going to do, the actual countervailing effect of this is going to be pretty bad for the Biden administration because Merrick Garland is going to have to decide whether to prosecute Trump.
00:33:24.000Democrats desperately want Merrick Garland to prosecute Trump.
00:33:27.000So Merrick Garland was asked about this yesterday, and he said anyone criminally responsible for January 6th will be prosecuted.
00:33:33.000Again, most Democrats believe that Trump was criminally responsible, even if that's not true.
00:33:39.000We have to hold accountable every person who is criminally responsible for trying to overturn a legitimate election.
00:33:49.000And we must do it in a way filled with integrity and professionalism, the way the Justice Department conducts investigations.
00:33:57.000Both of these are necessary in order to achieve justice and to protect our democracy.
00:34:03.000Okay, well, all the pressure's going to be on Merrick Garland.
00:34:05.000So for all the talk about how this is going to hurt Republicans, wait about a month and we'll see how this works out.
00:34:10.000Alrighty, in just one second, we'll get to all the economic news.
00:34:12.000The White House keeps maintaining that a recession is not on the way, but according to the New York Times, a recession alarm is ringing on Wall Street.
00:34:18.000Well, we've been talking about January 6th since January 6th, which means like a year and a half, but we are also coming up on another important date, the first month anniversary of the launch of Daily Wire Plus.
00:34:59.000You're listening to the largest, fastest growing conservative podcast and radio show in the nation.
00:35:02.000Meanwhile, amidst all this chaos, the thing that most Americans are still most concerned about is the economy. And the economy looks like it is headed in the wrong direction.
00:35:15.000According to the New York Times, Wall Street's most talked-about recession indicator is sounding its loudest alarm in two decades, intensifying concerns among investors that the U.S.
00:35:32.000Usually, bond investors expect to be paid more for locking up their money for a long stretch, so interest rates on short-term bonds are lower than those on long-term ones.
00:35:39.000You are essentially lending money to the U.S.
00:35:40.000government, so if you're going to be locking up your money for ten years, you want a higher interest rate than if you are locking up your money for like a month.
00:35:46.000Plotted out on a chart, the various yields for bonds create an upward-sloping line in the curve, but every once in a while, the short-term rates rise above the long-term ones.
00:35:53.000That's called negative relationship That negative relationship contorts the curve into what's called an inversion and signals that the normal situation in the world's biggest government bond market has been upended.
00:36:02.000It means that there's really not a lot of long-term faith that you're going to get your money back.
00:36:06.000That is why you have a bond inversion.
00:36:08.000An inversion has preceded every single U.S.
00:36:11.000It's seen as a harbinger of economic doom, and it is happening right now.
00:36:16.000On Wednesday, the yield on two-year Treasury notes stood at 3.23%, Above the 3.03% yield on 10-year notes.
00:36:22.000A year ago, by comparison, two-year yields were over one percentage point lower than the 10-year yields.
00:36:26.000The Fed's mantra on inflation back then was that inflation would be transitory, meaning the central bank did not see a rapidly rising interest rate.
00:36:33.000As a result, shorter-dated treasury yields remained low.
00:36:35.000Over the past nine months, the Fed has become increasingly concerned inflation isn't going to fade on its own.
00:36:39.000It's begun to tackle rapidly rising prices by raising those interest rates quickly.
00:36:43.000By next week, When the Fed is expected to raise rates again, its policy rate will have jumped about 2.5 percentage points from near zero in March.
00:36:49.000That is pushing up the yields on short-term treasuries like the two-year note.
00:36:53.000So people are hungry for the two-year note, but they're not as hungry for the ten-year note.
00:36:57.000Investors are fearful the central bank will go too far, slowing the economy to such an extent it sets off a severe downturn.
00:37:02.000That worry is reflected in the falling longer-dated treasury yields, like the 10-year, which tell more about the investors' expectations for growth.
00:37:09.000So what this means is that the markets are fearing that we are about to tip into recession.
00:37:21.000She came out and she said that the economy is clearly slowing at this point.
00:37:25.000I will now outline in more detail how we see the economy and inflation developing, and will then explain our assessment of financial and monetary conditions.
00:37:43.000Well, that is bad news for Joe Biden and pretty much everybody else in politics.
00:37:46.000According to the Wall Street Journal, the ECB, the European Central Bank, raised interest rates by a larger than expected half percentage point.
00:37:51.000They unveiled a new plan to buy debt of Europe's most vulnerable economies, seeking to protect the currency union.
00:37:57.000As it navigates the twin threats of skyrocketing inflation and slowing economic growth.
00:38:01.000By the way, this just shows you that Brexit was not a bad idea because economic union between, say, Germany and Greece just means that Germany always ends up picking up the debt of Greece.
00:38:08.000The move takes the ECB's key interest rate to zero, ending the bloc's eight-year experiment with negative interest rates, capping two weeks of drama for Europe.
00:38:15.000Negative interest rates is a way of pumping money into the economy.
00:38:18.000Because the idea of a negative interest rate is basically the bank is paying you to take money out of the bank and then go and spend it on things.
00:38:24.000The rate increase comes despite rapidly accumulating challenges facing Europe's economy and the currency union's cohesion.
00:38:30.000From a looming energy crisis to a protracted war next door, mounting political instability at home, and what many economists think Has become an inevitable recession.
00:38:39.000Some of these could make it difficult for the ECB to focus on combating inflation.
00:38:43.000So the Europeans are now having the same trouble that the Biden administration is having again.
00:38:46.000This is because pretty much all of the West moved in lockstep on economic policy.
00:38:50.000They all operated off the premise that these central banks should control the future of not only currency supply but fiscal Policy and that ended with some really bad inflationary concerns.
00:39:01.000Plus, obviously you have serious energy concerns on the continent in Europe.
00:39:07.000It continues to be an amazing thing that the Europeans and the Americans are pursuing policies when it comes to energy that do not loosen up the supply of energy.
00:39:14.000Especially here in the United States, according to the Wall Street Journal, some of the hottest weather on record is now lifting natural gas prices, reversing last month's plunge, reviving a key driver of inflation.
00:39:23.000Remember, five seconds ago, the Biden administration was bragging they'd brought down the price of gas.
00:39:27.000Well, now it's going the other way again.
00:39:29.000Natural gas futures have jumped 48% this month, including 10% on Wednesday, to $8 per million British thermal units.
00:39:35.000That is still more than $1 off the 14-year high hit just before a Texas natural gas export facility caught fire in early June.
00:39:41.000Yet the power plant and manufacturing fuel has bounced back to more than twice the price of a year ago, adding cost pressure across the economy.
00:39:48.000People were hoping that the falling commodity prices would show that inflation has peaked, but the heat wave is now forecast to create new bottlenecks in the supply chain because people need more energy in order to power their air conditioners.
00:39:59.000For example, coal, like gas, is in high demand from power producers struggling to generate enough electricity to run the A.C.
00:40:05.000The American corn crop is in its pollination stage when high heat and low moisture can reduce yields and contribute to higher prices for staples ranging from gasoline to ground beef.
00:40:13.000Pricier natural gas adds not just to the cost of dialing down the thermostat, but also that for making fertilizer, steel, cement, plastic, and gas.
00:40:19.000Natural gas prices surged this year as demand from utilities, manufacturers, and overseas buyers, especially in Europe, outpaced supply growth and kept inventories well below normal.
00:40:28.000Well, the good news is that the Biden administration is focused like a laser beam on making sure that we produce less energy.
00:40:34.000So we're in the middle of an inflationary spiral, but it's really hot outside, which means that we need more energy.
00:40:39.000The solution is to cut down on our supply of energy so that 100 years from now, it'll be slightly less hot than it otherwise would be.
00:40:46.000Genius policy, once more, coming from the Biden administration.
00:41:05.000Well, now they continue to say, Alejandro Mayorkas, our border patrol chief, essentially, because he's the head of the Department of Homeland Security, he says that the border is secure, which is weird because the border is not secure.
00:41:39.000By the way, the Border Patrol is pushing back against Mayorkas.
00:41:41.000According to Fox News, multiple Border Patrol agents are pushing back against Homeland Security Secretary Mayorkas' claim that the southern border is secure, just as Asians on the front lines of the historic migrant crisis are struggling to cope with the overwhelming numbers facing them.
00:41:54.000There were more than 207,000 migrant encounters in June alone, the fourth month in a row where the number of encounters breached the 200,000 mark.
00:42:02.000But Mayorkas, speaking at the Aspen Security Forum on Tuesday, dismissed claims about the border not being secure.
00:42:11.000He then faulted lawmakers who have said they won't commit to broad immigration legislation.
00:42:14.000So he's saying, it's your fault for not creating a pathway to citizenship for people who are here illegally.
00:42:20.000Which, as we all know, is called an immigration magnet.
00:42:23.000When you create a pathway to citizenship for people who are here illegally, this means that it incentivizes people to get here illegally as fast as humanly possible.
00:42:29.000Well, I take issue with the fact that you think that leaving the border wide open while incentivizing people to cross it is good policy.
00:42:34.000before they pass legislation, and I take issue with the math of holding the solution hostage until the problem is resolved.
00:42:39.000Well, I take issue with the fact that you think that leaving the border wide open while incentivizing people to cross it is good policy.
00:42:49.000Border Patrol agents did not share Mayorkas' assessment.
00:42:52.000One agent said, Brandon Judd, president of the National Border Control Council, also disputed the border is secure, pointing not only to the drug flows into the United States, but also the number of migrants that get past agents.
00:43:07.000A high-level CBP source told Fox News last month, there have been 440,000 known gotaways since the fiscal year began in October.
00:43:15.000Almost half a million people are known gotaways, meaning not people who were captured by Border Patrol and then we release them with a date for them to come back to court to make an asylum claim.
00:43:25.000No, that means there are almost half a million people who have entered the country and they know they got away, which means the number is way higher because there are a lot of people who are unknown gotaways.
00:43:32.000That means probably you have three quarters of a million people who have crossed the border and nobody knows about it.
00:43:37.000Combined with the 400,000 known gotaways since the beginning of fiscal year 2021, that means that more than 800,000 illegal immigrants have gotten past agents since October of 2020 alone.
00:43:49.000Which means well over a million people have entered the country since October 2020 without going through any sort of capture or screening by Border Patrol.
00:43:58.000And we've got the Department of Homeland Security telling us that everything is just fine.
00:44:03.000Judd told Fox News Digital, quote, Secretary Mayorkas knows the cartels use illegal border crossers to facilitate their higher value contraband, including criminal aliens and fentanyl.
00:44:11.000Secretary Mayorkas knows we have the least secure border in our history, as evidenced by the nearly 1 million known gotaways and over 100,000 overdose deaths from narcotics coming across our southwest border.
00:44:44.000The Ben Shapiro Show is produced by Bradford Carrington, Executive Producer Jeremy Boren, Supervising Producer Mathis Glover, Production Manager Pavel Lydowsky, Associate Producer Savannah Dominguez-Morris, Editor Adam Ciewiec, Audio Mixer Mike Coromina, Hair and Makeup Artist in Wardrobe Fabiola Cristina, Production Coordinator Jessica Kranz.
00:45:08.000The Ben Shapiro Show is a Daily Wire production.