Based Camp - Remember When You Could Afford Food？ Just How Bad is Inflation Under Biden ⧸ Kamala？

00:00:00.000 Hello, Simone. I'm excited to be here with you today.

00:00:02.400 Today is election day in the United States.

00:00:05.200 You're running for office and so is Trump. 0.98

00:00:08.400 So you all get out there, vote or die. 0.99

00:00:11.600 Vote or die? What the hell does that even mean? 0.99

00:00:14.400 What do you think it means, bitch? 1.00

00:00:17.800 Because this last four years has begun to feel 0.99

00:00:22.600 like that scene from Oliver Twist.

00:00:26.000 Food, glorious food, don't care what it looks like.

00:00:32.000 Where I just, in my mind, I wish the ad that the Trump campaign

00:00:37.000 had played is the one I'm putting on screen here,

00:00:38.800 which is just Kamala laughing in the background.

00:00:40.800 And it says, remember when your family could afford food?

00:00:44.800 Because we have seen, like the Democrats will be like,

00:00:46.800 oh, the economy is great under Biden and Kamala.

00:00:50.600 And Kamala has said that she's not going to change much.

00:00:53.000 So I wanted to go through the real inflation numbers,

00:00:57.000 the real price of things under the two administrations

00:01:01.000 and not the, because there have been some inflation numbers

00:01:04.800 that Republicans have sent around that are really massaged

00:01:07.000 to look good for Trump, which I think undersell things.

00:01:11.000 Because then you're looking at them, you know, they're massaged.

00:01:13.000 So, you know, this is as good as they could honestly make them look for Trump.

00:01:17.000 So I'm going to start this by going over fact checker

00:01:23.000 with an article titled,

00:01:26.000 viral posts cite misleading economic data to compare Biden and Trump presidencies.

00:01:31.000 Okay.

00:01:32.000 This is supposed to be taking down those ones that make Trump look really good.

00:01:36.000 Right.

00:01:37.000 And we'll go into the numbers that they give for Biden in the various areas.

00:01:41.000 Because I think through seeing the most rosy possible numbers that somebody could give Biden.

00:01:46.000 Right.

00:01:47.000 You would be horrified for another four years of this.

00:01:51.000 Okay.

00:01:52.000 More so than you probably think.

00:01:54.000 All right.

00:01:55.000 We identified the national average price of regular gasoline at the pump, 248 under Trump.

00:02:01.000 And overall, the national gas price increased by 2.3% over the course of Trump's presidency.

00:02:08.000 So under Trump for gas, 248 average, 2.3% increase.

00:02:13.000 Right off the bat.

00:02:14.000 This is insane to me because I'm hearing that and I'm like,

00:02:16.000 no, gas in the US was never that inexpensive.

00:02:20.000 That's impossible.

00:02:21.000 Hold on.

00:02:22.000 Hold on.

00:02:23.000 And keep in mind, they're massaging the numbers for Biden here.

00:02:26.000 The average price of gasoline under Biden was $3.50.

00:02:31.000 And under Biden's presidency, they increased 46.2%.

00:02:36.000 Well, yeah.

00:02:37.000 We've been paying $4 at the pump recently.

00:02:40.000 Well, I know.

00:02:41.000 They increased 46.2% and the average was $3.50.

00:02:44.000 Yeah.

00:02:45.000 So at the end of the cycle, it's going to be higher, obviously.

00:02:49.000 The highest recorded price under the Biden's administration was $5.01.

00:02:53.000 Yeah.

00:02:54.000 That sounds about right.

00:02:55.000 So they went from 248 under Trump to $5 under Biden.

00:03:00.000 And under Trump, they increased 2.3%.

00:03:04.000 Under Biden, they increased 46.2%.

00:03:06.000 And keep in mind, that was a full four years of a Trump's presidency.

00:03:09.000 And this is like three and a half years of a Biden presidency.

00:03:12.000 All right.

00:03:13.000 Let's look at home ownership.

00:03:15.000 All right.

00:03:16.000 Okay.

00:03:17.000 So if you look at Zillow's rent index for changes in single family homes, they identified the

00:03:24.000 average home rent price under the Trump administration as $1,488 as compared with $1,884 under Biden.

00:03:34.000 According to Zillow's index, home rent prices for single bedroom houses increased 50% under Trump administration and 30% under the Biden administration.

00:03:45.000 Like, how do people afford this when it's increasing that much?

00:03:49.000 Hold on.

00:03:50.000 It's all going to get worse when we go to pay increases under the two administrations.

00:03:54.000 Oh, right.

00:03:55.000 Here, I think a lot of people have in the back of their head, well, yeah, but pay probably increased more under Biden.

00:03:59.000 What pay increases though?

00:04:00.000 Oh my gosh.

00:04:01.000 Okay.

00:04:02.000 Now let's look at a different way of looking at this.

00:04:04.000 The BLS also tracked rent prices increased by 13.6% over the entire Trump administration and by 21.5% over the first three years of the Biden administration.

00:04:15.000 So again, almost double there.

00:04:17.000 Now let's look at the NASDAQ, the stock market.

00:04:20.000 Aggregated on a daily basis, the NASDAQ increased about 0.14% per day under Trump and 0.04% under Biden.

00:04:29.000 So terrible, terrible under Biden.

00:04:34.000 Okay.

00:04:35.000 Let's keep going here to measure grocery prices. 0.95

00:04:38.000 Under Trump, grocery increased in price by 6.5% under Biden by 20.9%.

00:04:44.000 Okay.

00:04:45.000 That makes a lot of sense.

00:04:46.000 Now I feel a lot less gas lit based on these numbers because I'm hearing a lot of discussion now, especially leading up to the election, that prices aren't that different.

00:04:56.000 But I keep thinking, no, they're just lying to people.

00:05:01.000 It's so bad.

00:05:03.000 Democrats act like this is the nineties and they're working under the old rules.

00:05:08.000 The new rules are these.

00:05:10.000 Attack.

00:05:11.000 Lie.

00:05:12.000 Don't get caught.

00:05:13.000 Machiavelli wrote the prince for the rulers.

00:05:16.000 Well, we're rewriting it for us.

00:05:19.000 But yeah, they're just lying, lying, lying. 0.98

00:05:21.000 That is insane.

00:05:23.000 But also, I didn't realize just how bad it was because I know things cost more.

00:05:29.000 But I think I'd forgotten at this point, I've even successfully been gas lit to the extent where when you said that gas prices were on average about two and a half dollars in the US under Trump.

00:05:40.000 I was like, I couldn't believe it.

00:05:42.000 Grocery prices too. 0.92

00:05:44.000 But now I feel like less of an idiot because every time you and I go to a restaurant, for example, or to a grocery store, I think I can't afford this or this.

00:05:53.000 This used to be the price of a Michelin star restaurant in the heart of Manhattan. 0.96

00:05:59.000 But we are out in the boonies in Pennsylvania at like a wing bucket.

00:06:04.000 You know what I mean?

00:06:05.000 Like, this is not.

00:06:06.000 Yeah.

00:06:07.000 No, no, seriously.

00:06:08.000 They'll be like, oh, this is like $25 for an entree at like a medium restaurant.

00:06:12.000 And it's like this was literally what Michelin star restaurants used to charge.

00:06:18.000 Yeah, a $25 entree was, I think I remember seeing those prices at restaurants like La Granouille, which was one of the most expensive, fancy restaurants in all of New York City that we've ever eaten that was like such a thing you dress up to go is a big deal.

00:06:34.000 And what makes me so concerned about this, too, is, well, you and I basically since the pandemic have stopped eating out, period, unless it's for a business dinner that we have to go to and we have to meet at a restaurant, because otherwise we just have people come to our house and we inflict our food upon them.

00:06:52.000 We we don't see that same change in the average American.

00:06:56.000 The average American is still eating out with their family on a semi regular basis, if not on a very regular basis.

00:07:03.000 When I hear, quote unquote, normal people talking about their lives, they're door dashing.

00:07:09.000 They're Uber eating.

00:07:11.000 They are.

00:07:12.000 So they're getting delivered restaurant food.

00:07:14.000 So not only restaurant food, but restaurant food that they're paying delivery fees for.

00:07:18.000 Well, and it shows you how entitled people are.

00:07:20.000 There was a campaign a while ago where after the pandemic, people were saying that door dash should be like a human right.

00:07:27.000 This is progressives saying that the government should pay for our door dash because they didn't like to like that.

00:07:33.000 They could get triggered if they go out in public or they could, you know, a few weeks back. 0.90

00:07:39.000 This retard showed up with this take comparing food delivery to vaccines and medicines. 0.99

00:07:45.000 As in her view, they are all the fruits of progress that should be considered essential, despite not existing in previous eras because times and standards have changed. 0.91

00:07:54.000 If you're against them being made into a human right, you're ableist.

00:07:57.000 The discourse culminated with this furry claiming that he orders door dash because his polycule is food insecure and too disabled to cook for themselves.

00:08:05.000 Even though door dash is really expensive and a food insecurity refers to people who are so poor, they can't consistently afford food.

00:08:12.000 So this is all guy replies. Some types of food are basic staples. See, rice, pasta, veg, fruit, etc.

00:08:17.000 Some types of food are more luxury items. Both can exist. No one has an automatic human right to be able to shop at Waitrose.

00:08:23.000 It's a basic human right to afford all food. You can't pick and choose what people deserve.

00:08:28.000 Oh my God.

00:08:30.000 Don't forget just how luxurious our lives are that you, you could not get food delivered to you.

00:08:37.000 There, there were certainly local pizza stores that might do delivery rounds in a limited area or sometimes Chinese food delivery, but that was offered on a restaurant by restaurant basis by restaurant staff.

00:08:51.000 This was not a pervasive service available to everyone. It certainly wasn't affordable or, you know, cheap by any means.

00:08:59.000 Now, nowadays you can like literally get a TV door dash to you. You can have someone buy large electronic devices, which by the way, those are the things that have gotten less expensive.

00:09:09.000 And I'm assuming that this is why a lot of people are able to massage the numbers and say, listen, overall, on the whole prices aren't higher.

00:09:18.000 And that's because many big ticket objects, appliances, TVs that used to be $2,000, $3,000, $1,000 and a half now are $300.

00:09:30.000 They're so much less expensive. The thing is, I'm not buying a TV every week. I'm buying groceries every week. I'm buying gas every week.

00:09:38.000 Well, let's go over the specifics here. We, so if you look at, since Biden was elected president, bacon prices are 13% higher, cereal and baked goods are 25.6% higher.

00:09:50.000 Cereal is such a scam. When you think about what you pay per calorie for cereal, it is a complete scam.

00:09:56.000 By the way, I can't afford it. There's no one can afford cereal. That's, that's insane.

00:10:00.000 Ever since college, I quit cereal when I realized how much it actually costs per calorie. It's ridiculous. 0.97

00:10:06.000 Does anyone else think that it's upsetting that food is currently considered a luxury item that we're being told to just eat cereal on frozen dinners? 0.86

00:10:14.000 I'm feeling our type of way about it.

00:10:16.000 So non-alcoholic beverages increased 21.4%. Meat, poultry, fish and eggs collectively increased 20.2%.

00:10:24.000 And let's look at electricity prices here. So under the Trump administration, electricity increased 4% in price. Under the Biden administration, it increased 28.3% in price.

00:10:38.000 And we're seeing scary things like in some states, people being obligated essentially to pay for other people's electricity.

00:10:46.000 Oh yeah. This was in Connecticut where now you are obligated to pay for anyone who makes under a certain price of electricity and their, their electricity costs is just average throughout everyone who's like middle class or above.

00:10:58.000 In other words, people of greater means are expected to subsidize the electricity for those of less means, but that means that just pay for it. And so their, their prices have jumped like a third in some areas.

00:11:10.000 Yeah. They get searches and then they're what they used to expect in budget for in their electricity bills are now it's just completely out of whack.

00:11:18.000 And I also think if people are like, Oh, this is going to end soon. Kamala isn't as bad as Biden. Excuse me. Kamala is the one who wanted to do price fixing on grocery store foods. 1.00

00:11:27.000 You would think that this isn't going to spiral further out of control. She isn't just going to continue what Biden is doing. She wants to make it worse. 0.99

00:11:35.000 Make it worse. Like you get that, right? Like you're not stupid, right? Like, can you actually afford this? Like, meaningfully, can you?

00:11:45.000 But let's, let's keep going here. I think what I think, though, the mindset is, and we touched on this in our last episode, discussing single women for Kamala, is that where the Democrat Party is moving is toward a socialist state where the government provides all of your services.

00:12:08.140 This also came out in recent job numbers, where the vast majority of recent job growth has been in government jobs, and also government associated jobs. So a lot of the other job growth that was not in explicitly government jobs was, I think, in healthcare, which is largely subsidized by things like Medicare and Medicaid in the US, which is our socialized version of, of meta, meta, meta, like, well,

00:12:31.740 So we haven't had real job growth under Biden. It's just been an expansion.

00:12:34.900 Well, it's, yeah, it's been an expansion of government jobs and services. So in other words, the government is becoming the thing that employs us, the thing that provides us our services. And there's this expectation that, okay, well, yeah, we can't afford anything, but the government is just going to provide that to us. And that is, that is why inflation is okay.

00:12:52.920 I think there's also this, this sort of collective declaring of declaration of bankruptcy among Americans who are continuing to eat out on a regular basis, are continuing to door dash, are continuing to buy electronics, and put it on debt and finance it with the assumption that they're never going to pay it off.

00:13:10.660 But that for some reason, they're still able to do it. So why would they stop doing it?

00:13:16.620 Right?

00:13:17.200 So here's the difference in wages during this period, by the way. Importantly note, when you're considering all this gross, you're like, well, you know, maybe it's because of like price inflation of labor. It's like a lot of people say, well, labor costs more than it used to.

00:13:28.880 Yeah. In the Biden administration, earnings increased by 1.9%. Under the Trump administration, earnings increased by 6.8%. Wow.

00:13:39.240 So like, four times as much, I think, at least, like, that's absolutely wild. 400% more than they did under Biden.

00:13:45.780 Yeah, well, I think here's the dynamic, I think, is at play here. During the pandemic, a lot of organizations realized that they didn't need to employ as many people as they needed to employ.

00:13:57.880 And a lot of organizations are now trying to offload employees very heavily. And one of the easiest ways to do so without having to pay severance packages or deal with legal issues, especially among really large companies that are subject to these risks, is to just become increasingly hostile and unattractive to the employees.

00:14:19.840 So this is the equivalent of wanting to break up with your girlfriend, but not being direct with her and instead just being an asshole to her for a long time. 0.96

00:14:28.040 So that's why we're not getting raises. That's why people are expected to return to the office. 0.98

00:14:31.640 Because this is a really great way to clean out your ranks and reduce your staff size without announcing layoffs, without firing people.

00:14:42.760 And so I think that that's one reason why wages are stagnant. It's not necessarily that there isn't a pressure in terms of raising wages.

00:14:50.280 And I actually think that a lot of new jobs and hard to fill positions for skills that are rare now are paying tons more.

00:14:58.540 But that most roles are kind of redundant now in the age of AI. Most companies need to get rid of them.

00:15:05.180 And the reason why those wages are stagnant is because the companies are quiet quitting on the employees.

00:15:12.760 The companies are trying to get rid of them. And we should be considering ourselves lucky that these jobs even exist.

00:15:19.160 I mean, we're lucky to have stagnant wages at this point and that we live in a legal environment that is annoyingly persnickety when it comes to firing people.

00:15:31.800 I think a lot of people might be hearing all this and they might be thinking, well, I mean, how does this compare to previous presidents?

00:15:37.640 You know, maybe these are just outliers or this is normal fluctuation between presidents.

00:15:42.540 So here I'm going to put a chart on screen that compares Biden to Trump, to Obama, to Bush, to Clinton, to first Bush, to Reagan, to Carter.

00:15:50.820 So we're getting a big thing here. And what you're going to find is consistently Trump is one of the best and Biden is one of the worst.

00:15:59.560 In fact, the only one who seems even to really tie Biden for worst is Carter.

00:16:04.320 So if we look at overall inflation, Biden is the single worst except for Carter.

00:16:09.700 If we look at food inflation, Biden is the single worst except for Carter.

00:16:15.140 If we look at energy inflation, Biden is the worst, even worse than Carter.

00:16:20.860 If we look at rent inflation, Biden narrowly loses to Carter, but worse than literally every other president, i.e. Trump, Obama, Bush, Clinton, Bush, Reagan.

00:16:31.680 All right. Now let's go to Trump. How does Trump compare?

00:16:34.640 Trump, overall, he's the single lowest of every one of the presidents I just mentioned in terms of inflation.

00:16:43.820 Single lowest.

00:16:46.240 They used to call it, they used to call the U.S. dollar during Jimmy Carter's reign, the Jimmy Carter peso. 0.99

00:16:53.000 I guess we should call it the Biden shit coin. That's what the U.S. dollar is. 0.98

00:16:55.680 The Biden shit coin? 1.00

00:16:56.780 The Biden shit coin. 1.00

00:16:57.080 But he's literally worse than the Jimmy Carter peso. 1.00

00:16:59.260 Like, that is wild to me.

00:17:01.780 So for food, Obama was less than Trump, but Trump was the second lowest inflation.

00:17:10.280 For energy, Clinton was less than Trump, but Trump was the second lowest.

00:17:15.020 For rent, Obama, Clinton.

00:17:19.020 Yeah, Obama and Clinton were both better than Trump, but Trump was the third lowest.

00:17:22.600 But overall, Trump did best because, like, for example, Obama had terrible energy inflation, 29.9%.

00:17:28.760 Not as bad as Biden, 37.2%, but still bad.

00:17:33.720 So I think that people can see here that this isn't like comparing like to like or like two bad options, as people often put it.

00:17:42.160 What did you say? 0.85

00:17:43.800 Did you just say that voting is ridiculous? 0.99

00:17:47.040 No, I think voting is great, but if I have to choose between a douche and a turd, I just don't see the point. 0.99

00:17:51.300 You don't see the point. 0.98

00:17:53.180 Oh, you young people just make me sick. 1.00

00:17:55.280 It's comparing a genuinely exceptional option to a genuinely terrible option.

00:18:00.660 Well, here's where things may get controversial.

00:18:04.660 You may actually want to cut this whole part out, but we'll see.

00:18:07.220 Because I think this inflationary period, but also the way that Americans spend money, has come to a tipping point where I think we just need to fundamentally, as a nation, rethink how we spend money and get sober, essentially.

00:18:26.000 We need to get sober.

00:18:27.000 We need to stop consuming like we're consuming.

00:18:30.080 We need to tighten our belts.

00:18:31.260 Now, one of our local friends had texted me recently.

00:18:37.700 He's like, what's all this about a Trump tax?

00:18:41.900 What's going on?

00:18:43.140 And this is related to the way that Democrats are framing the tariffs that Trump proposes, which are mostly on China, but also on all imports, which would, to be fair, if enacted, raise prices on many foreign produced goods, especially those like electronics that are now incredibly cheap.

00:18:59.800 Keep in mind, Trump put in tariffs in its first administration and achieved tremendous wage growth.

00:19:04.980 Yeah, and it did achieve wage growth.

00:19:06.860 And I think it's really important, if you look at Peter Zeihand's The End of the World is Just the Beginning, it's important that we start investing now more in domestic production and definitely quitting China. 0.91

00:19:16.200 I think the faster we quit China, not only because China is hostile towards us, not only because China is actively trying to ruin us with bad TikTok algorithms and other things, but also because China is about to undergo immense instability due to demographic collapse.

00:19:31.420 Like, we should not be, even if we loved China, it's kind of like, you know, loving a friend who's about to, you know, go through a terrible divorce and go bankrupt.

00:19:39.040 Like, don't depend on them for anything, you know, that's not a safe bet.

00:19:42.980 So I'm very much in favor of that, but I do think that it could increase some prices.

00:19:47.020 And I think that a responsible voter has to be aware that voting for Trump just doesn't mean everything's suddenly going to get less expensive because it's not.

00:19:54.940 But I think that when we look at the other side, and you look at what Democrats are proposing to do instead.

00:20:00.640 In Trump's first administration, okay, where all those tariffs were enacted, he had the lowest inflation rate of any president since Carter, likely before that.

00:20:12.480 So everyone who's like, prices are going to go up when he implements all these tariffs.

00:20:16.360 Well, he did it the first time and they didn't.

00:20:18.200 Yeah, I mean, I don't think it's going to be terribly bad.

00:20:25.200 It can, it can cause some prices to increase.

00:20:27.800 And I just, I want to be realistic about that.

00:20:30.600 And I don't think that there's any way going forward where our lives aren't more expensive and where we as Americans collectively have to rethink our spending.

00:20:37.840 But I also think that if we instead take the, if we dig in deeper to the Democrat approach, which is more government jobs and more government dependency, we are going to end up in a food line situation.

00:20:50.860 We are going to end up in a...

00:20:53.080 When politicians are talking about fixing grocery store prices, they're preparing us for a food line. 0.82

00:20:58.440 Yeah.

00:20:58.700 But I would note here that like, here's another great, you know, I've done videos where I complain about how much it costs to build infrastructure in the United States.

00:21:08.380 So here's a graph right here of manufacturing construction between Biden and Trump.

00:21:12.900 And under the Trump administration, you can see it's just a perfectly flat line.

00:21:16.380 And under the Biden administration, right on up.

00:21:20.140 Now we're going to talk about, I'll put a graph on screen of inflation under Trump and Biden.

00:21:26.940 And people can be like, oh, Biden's kind of getting it back under control.

00:21:30.040 Oh, yeah.

00:21:30.400 Right before he needs to run for a second election, he kind of starts to get it back under control. 0.93

00:21:34.860 But let's look at how ridiculous the things...

00:21:37.780 And when we say back under control, keep in mind that a graph like this, what you're looking at is incremental increase every year.

00:21:43.820 It's not like he's reversed it because the line is going down now.

00:21:47.280 No, no, no.

00:21:47.500 I'm listening passively to media.

00:21:49.520 If I didn't have additional context in the world from you and from other sources, I'd be like, wait, I'm hearing broadly that inflation is down to 3%.

00:21:59.180 Everything's fine.

00:22:00.680 But that doesn't...

00:22:02.480 It's worded in a way of it's all undone.

00:22:06.740 Everything's fine now.

00:22:08.180 But one, that doesn't change the fact that now we have permanently higher prices.

00:22:13.000 Yeah.

00:22:13.800 And lower wages.

00:22:15.680 Yeah.

00:22:19.360 It's very annoying to me that there's this argument being made.

00:22:24.020 But then again, there is this...

00:22:26.480 Everyone in our nation, pretty much, on at least on average, who is voting Democrat is firmly under the impression that the economy has done great under Biden.

00:22:36.580 I mean, the funny thing is, with the Green New Deal, a.k.a. the Inflation Reduction Act,

00:22:40.540 which was this giant spending bill that led to a lot of investment in green energy infrastructure,

00:22:46.840 a lot of that did end up going to Republicans who were very happily making a ton of money from the, I guess, subsidies that they got or tax breaks or something that they got from this program,

00:22:57.000 while at the same time shitting on the government for wasting all their money.

00:23:00.400 But I mean, at least someone's making money from this.

00:23:02.400 So I note here, everything I've gone over so far was from that fact-checking article, or most of what I went over so far.

00:23:09.600 Okay, yeah.

00:23:10.080 So from a hostile source from a Republican perspective.

00:23:13.340 And that's how good it made Trump look, okay?

00:23:15.240 So keep that in mind.

00:23:16.880 Now we're going to go into just how much they attempt to manipulate data here.

00:23:22.700 Okay.

00:23:22.940 So Biden said, quote, but no presidents had the run we've had in creating jobs and bringing down inflation.

00:23:31.160 It was 9% when I came into office, 9%.

00:23:34.760 But here's the problem, Simone.

00:23:38.180 It wasn't close to that.

00:23:40.040 It was actually, when Biden came into office, 1.4% that was January 2021.

00:23:46.960 And in fact, if we even go like months back, we can be like, well, maybe he got the months wrong or something like that.

00:23:53.820 Okay.

00:23:54.340 October 20th, it was 1.2%.

00:23:57.640 November 20th, it was 1.3%.

00:24:00.320 December 20th, it was 1.5%.

00:24:02.560 January 21st, it was 1.4%.

00:24:05.080 Then when did it hit 9%?

00:24:06.900 It didn't.

00:24:07.560 He just lied.

00:24:08.820 It hit 9% in his administration.

00:24:12.020 It hit 9% in June 2022.

00:24:14.720 It's highest level in about 40 years.

00:24:18.200 And from here, the annual reach trended down for a year, reaching 3% in June 2023.

00:24:23.700 But it has since remained above 3% and with 3.5% for the 12 months ending in March, according to the Bureau of Labor Statistics.

00:24:30.740 And so I'll put a graph on screen here.

00:24:32.920 So no, it did not.

00:24:35.920 He just lied.

00:24:37.700 And if we take a look at it, this was 18 months later when it hit the 9.1%.

00:24:42.280 18 months into his administration.

00:24:43.920 Yeah.

00:24:44.720 Okay.

00:24:46.900 So.

00:24:47.260 We may have had something to do with that.

00:24:49.300 That may not have been Trump's message.

00:24:50.620 Especially when you consider that under the last four months of the Trump administration, it was around 1.2% to 1.4%.

00:24:56.340 In the midst of the pandemic, too.

00:24:59.840 Yeah.

00:25:00.820 And then you could say, okay, okay, okay.

00:25:03.200 Well, what about other numbers here, all right?

00:25:05.380 So now let's look at interest rates.

00:25:07.860 The mortgage rates were 2.9% when Trump left office.

00:25:12.180 The mortgage interest rate right now is roughly 7%.

00:25:15.640 So more than twice as high.

00:25:17.720 That means that the higher interest rates and the inflation in rents and housing prices mean that the mortgage payment on a median value home now is twice as high under Biden as it was under Trump.

00:25:32.140 How about interest rates on federal borrowing?

00:25:34.680 During Trump's last year in office, the 10-year Treasury bill was 0.9%.

00:25:39.600 After three and a half years of Biden, interest rates are at 4.3%.

00:25:45.240 So 4X higher, more than 4X higher.

00:25:50.080 And when we take the two COVID years, 2020 and 2021, out of Trump spending, because I think that's pretty fair, we find the average deficits under Trump were roughly $750 billion, which is bad.

00:26:03.220 But under Biden, it was $1.5 trillion per year.

00:26:08.320 Even adjusting for Biden's inflation, deficits have been at least 50% higher under Biden than Trump.

00:26:15.960 Good board.

00:26:17.720 So when you hear all of that in context, if you haven't gone out to vote yet today and you're like, eh, can you afford not to?

00:26:28.300 Can you afford?

00:26:29.440 And I guess this is a video where we, I don't know if it's been up in the air whether or not we're endorsing Trump.

00:26:34.060 Everyone's doing an endorsement thing these days.

00:26:36.420 Not the newspapers.

00:26:39.240 Do we need to do a real endorsement where we say, I'll get my endorsement sword.

00:26:46.220 I'll take you to the, to the, to the polls.

00:26:49.140 You gotta do the, the, go to the polls.

00:26:55.820 Kabla! 0.99

00:26:56.260 No, he doesn't say that at a very opportune time though.

00:27:23.400 Kabla! 0.99

00:27:24.600 Yeah.

00:27:27.720 That's always been my family's battle cry since we saw Braveheart is the, the kabla! 1.00

00:27:34.620 Kabla! 0.99

00:27:36.780 Good lord.

00:27:39.280 Kabla! 0.99

00:27:41.000 Anyway, I love you to Desimone.

00:27:43.540 Do you have final thoughts on this?

00:27:45.980 I don't know what to think anymore.

00:27:47.340 I feel like I've been lied to so much and told that everything's okay when everything's not okay.

00:27:51.940 And it's not just the U.S. government or operatives saying, no, there's no inflation.

00:27:58.760 It's fine.

00:27:59.440 Three percent.

00:28:00.200 What are you complaining about?

00:28:01.760 No, things aren't more expensive.

00:28:03.800 Can you look at this report?

00:28:05.440 But also, no, there's no demographic collapse.

00:28:08.320 Everything's going to be fine.

00:28:09.880 I just feel like all these lies are going to come ahead.

00:28:12.440 It's on the screen from the U.N. that shows the real rates of demographic collapse in all these countries.

00:28:16.820 And then the U.N.'s predicted demography for these countries going forward every year.

00:28:21.140 What's scary is, coming into the pandemic, we came to this period of, oh, this little virus looks kind of bad.

00:28:28.820 We might need to shut things down for just a little bit.

00:28:31.080 Everyone's like, it's going to blow over.

00:28:32.320 It's going to be fine.

00:28:33.120 I told you going into the pandemic.

00:28:35.360 I was like, just biologically, there's no way that this blows over.

00:28:38.660 You called it, and that's the thing, is you are the harbinger of dooms and apocalypses, and that's why I'm concerned.

00:28:45.060 What's scary is, with the pandemic, people weren't, there was no agenda to, like, I know that this is happening and it's bad, but I'm going to lie to people about it, like, very, very intentionally.

00:28:58.220 I mean, there was a little bit of lying, I think, about masks, maybe, because they wanted to keep masks from medical professionals.

00:29:04.100 But what's different about now is there is an active interest, sort of, and it's very related, you know, in terms of the operatives who want there to be an increasingly socialized state, to the operatives who don't want us to believe that demographic collapse is real.

00:29:20.580 There is a very powerful and very motivated contingent that wants us to just not see this coming so that they can get the outcome they desire.

00:29:31.620 And the problem is that they don't have the ability to execute the outcome they desire with success.

00:29:37.800 So they are, they are very effective in brokering in this transition towards socialism and toward degrowth that they want, but I don't, they don't realize how bad degrowth really is because they have, they're in this myopic utopian modern bubble of the world now.

00:29:58.560 They don't realize what it's like when you don't have enough food.

00:30:01.560 They've lived with this purpose of capitalism so long.

00:30:04.000 The infrastructure is not, is not kept up.

00:30:06.460 They don't know what they're signing up for.

00:30:09.040 And that's what scares me is they very well, they're going to get their way one way or another, Malcolm.

00:30:14.980 And we have to figure out how to survive in small contingencies despite that fact at this point.

00:30:21.200 Well, I think that you're absolutely right.

00:30:23.640 They, they will get their way.

00:30:25.660 So you can look at something like the UN right now.

00:30:27.300 And a lot of people are like, oh, they couldn't possibly be manipulating the data this much.

00:30:32.440 Or like here, they couldn't possibly, like their goal is a global economic collapse.

00:30:36.780 And the intention behind the goal is that they can shift the world to a system where they and the other oligarchs, like the intelligentsia, deep state, whatever you want to call it, essentially runs everything through a communist or socialist system.

00:30:52.680 And I note here, when people hear communist or socialist, if they're dumb, they think that that means sharing all the resources equally.

00:31:00.820 When what it actually means and what like the people working at the UN think it means is a system where they control every aspect of your life.

00:31:08.200 It's the same with like the people on the Kamala Harris team and stuff like that.

00:31:11.400 And we've seen her repeatedly, what I think communists would think of as like on the ground, communists think of as like fascist instincts.

00:31:18.600 They think that they're going to be running things or less power would go to the oligarchs of our society. 0.87

00:31:23.100 Absolutely not.

00:31:24.500 What we are seeing here is a transition to remove power from the everyday citizen and consolidate all the power in our society with the oligarchs.

00:31:33.240 And to be fair, because I think when people hear you say things like that, they think you're making a straw man argument because it sounds like it's very it sounds exaggerated.

00:31:43.680 But these people are doing it from a place of I think this is they genuinely believe this is what's best for humanity.

00:31:51.840 And this comes from a place of them knowing from their perspective that they know better and that the common average person simply can't manage these things on their own.

00:32:04.380 And they need to be directed to live a certain way and they need to receive services a certain way because they can't handle it. 1.00

00:32:11.400 They're too dumb and too stupid and too ignorant. 1.00

00:32:15.120 And I will just make sure that they live their lives this way and I'll give them their services this way and I'll take away their pain this way and I'll medicate them this way and it will be fine. 1.00

00:32:24.260 And they're doing this from a place of love and empathy.

00:32:28.700 They've been taken over by the urban monoculture, the the woke mind virus, whatever you want to talk about it or however you want to describe it, where they are completely memetically,

00:32:41.400 overtaken by a viral stream that says we must take away all in the moment suffering.

00:32:46.820 So these people are they're they believe they're saving the world.

00:32:52.000 They're very motivated to save the world.

00:32:54.280 They think they're doing the right thing and they're they're brokering this in very well.

00:32:57.920 This is not us making up some fake supervillain.

00:33:02.180 And this isn't we look like supervillains to them.

00:33:05.740 This isn't these aren't people who think they're doing a bad thing.

00:33:09.280 They've been completely brainwashed.

00:33:10.960 There's no yeah.

00:33:11.280 But there's no Dr. Evil cackling behind, you know, inside a volcano.

00:33:15.000 And I think these are people running the U.N.

00:33:16.600 These are people who are trying.

00:33:17.720 They're like, we have to save the starving children.

00:33:19.300 They care and they think they're saving the world.

00:33:22.160 And there are people that we know and love who've fallen into this.

00:33:26.460 Who are.

00:33:26.740 I think what's happening at the individual level here, and I think that this is really

00:33:30.600 important for people to note, is I think individuals can be like.

00:33:36.000 They don't actually want the global economy to collapse, to bring in the new world order

00:33:41.640 or socialism or whatever you want to call it, because I think the global economy causes harm

00:33:45.720 and doesn't take care of people.

00:33:47.760 Yeah, they in an individual level, they see capitalism as creating things like homelessness.

00:33:54.020 And they see like like starvation, all the failing people, all they're like, well, capitalism

00:34:00.280 has failed to save these people on the street.

00:34:02.580 Capitalism caused these people to be addicted to opioids.

00:34:05.280 And when they are thinking about, OK, what does society look like after this?

00:34:09.460 Right.

00:34:10.260 They are thinking about it in terms of a modern political fight, like Trump winning versus

00:34:14.980 Harris winning, not because they've been living in a capitalist system.

00:34:18.660 They've been living with the luxury provided by capitalism.

00:34:21.080 And because of that, they are completely unaware of how catastrophic changes in economic systems

00:34:29.640 are for people on the ground.

00:34:31.340 Well, they don't know the counterfactual because the vast majority of these people did not grow

00:34:37.180 up in anything but a hyper capitalist system or in a very wealthy socialist country like the

00:34:44.160 Nordic countries where just tons of oil revenue basically subsidized everyone's life.

00:34:47.820 And we don't have that in the entire world to depend on.

00:34:52.080 And I think that one of the reasons why we might be more sensitive to this is because

00:34:55.200 we have a lot of Latin American friends and we've lived a lot in Latin America.

00:34:57.740 And I think if you have, you're not going to be jumping at the idea to try to switch to

00:35:02.800 a socialist model or a communist model because you know just how bad it is.

00:35:07.620 Like I was saying, it's stepping over your friend's bodies on the way to the grocery store

00:35:10.820 type bad.

00:35:11.300 It's not, it's, it's hoping your children don't starve to death type bad.

00:35:15.600 And I think that we for so long haven't lived in those systems where people are starving

00:35:20.580 to death and stuff like that, that we don't see that as a realistic possibility, even though

00:35:26.560 it absolutely is.

00:35:30.020 I worry.

00:35:31.380 I don't like that.

00:35:32.320 Anyway, love you to death, Simone.

00:35:34.260 This was a wonderful video.

00:35:35.560 Very informative, I hope.

00:35:37.120 Please vote. 1.00

00:35:37.840 And yeah, vote or die, motherfucker, motherfucker, vote or die, you better vote or I'll stick 1.00

00:35:44.480 a knife in your eye. 1.00

00:35:45.820 Thank you. 0.95

00:35:46.320 That was beautiful.

00:35:48.960 That's a great song.

00:35:50.540 It is.

00:35:50.960 No, they get it.

00:35:52.440 They're so great.

00:35:53.800 Why should I vote if it's between a douche and a turd, you know? 1.00

00:35:57.360 Vote or die, motherfucker, motherfucker, vote or die. 1.00

00:36:00.160 Rock the vote or else I'm going to stick a knife through your eye. 1.00

00:36:02.860 Democracy is founded on one simple rule. 1.00

00:36:05.140 Get out there and vote or I will motherfucking kill you. 1.00

00:36:08.440 I like it when you vote, bitch. 1.00

00:36:10.580 Shake them titties when you vote, bitch. 1.00

00:36:13.560 Vote or die, motherfucker, motherfucker, vote or die. 1.00

00:36:16.260 You can't run from a 38, go ahead and try. 1.00

00:36:18.820 Let your opinion be heard.

00:36:20.200 You gotta make a choice.

00:36:21.420 Donan Parker for president.

00:36:23.300 I would be so fair.

00:36:24.000 I really wish they would run.

00:36:25.520 Right?

00:36:26.300 They would be...

00:36:27.620 They'd win in such a landslide, I think.

00:36:30.120 Yeah, but we don't deserve them.

00:36:31.560 You know, Curtis Yerven made joke that, you know, we don't deserve Trump.

00:36:38.040 I genuinely feel like we don't deserve Stone and Parker.

00:36:42.200 They are too good for us.

00:36:44.200 I love the American people, but we have a lot of work to do before we deserve them.

00:36:50.120 I love you.

00:36:51.340 I love you, too.

00:36:55.460 Oh, God, that has me so depressed.

00:36:57.100 I'll end this recording.

00:36:57.900 Closer to what?

00:37:12.360 Closer to the bad deer.

00:37:14.760 To the bad deer?

00:37:15.940 Yeah.

00:37:17.320 What are we going to do with the bad deer? 0.98

00:37:19.340 We gotta kill the bad deer. 0.88

00:37:22.200 Oh, yeah? 1.00

00:37:23.540 With your Nerf gun?

00:37:25.020 Yeah.

00:37:25.460 Schuster to the bad.

00:37:50.140 I love it.

Based Camp - November 05, 2024

Remember When You Could Afford Food？ Just How Bad is Inflation Under Biden ⧸ Kamala？

Episode Stats

Summary

Transcript