The Charlie Kirk Show - ‘Crashflation’ Is Here — What That Means for You

00:00:00.000 Hey everybody, crashflation is coming.

00:00:02.000 Chris Mortensen joins us to talk about monkeypox, lockdowns, inflation, and what you can do to be resilient, anti-fragile in a time of economic uncertainty.

00:00:12.000 Get involved with Turning Point USA Today, America's largest movement trying to boldly empower citizens to rise and fight tyranny.

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00:00:22.000 You can email me or thoughts as always freedom at charliekirk.com.

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00:00:29.000 Buckle up, everybody, here we go.

00:00:31.000 Charlie, what you've done is incredible here.

00:00:33.000 Maybe Charlie Kirk is on the college campuses.

00:00:35.000 I want you to know we are lucky to have Charlie Kirk.

00:00:39.000 Charlie Kirk's running the White House, folks.

00:00:42.000 I want to thank Charlie.

00:00:43.000 He's an incredible guy.

00:00:44.000 His spirit, his love of this country.

00:00:46.000 He's done an amazing job building one of the most powerful youth organizations ever created.

00:00:51.000 Turning point USA. 0.65

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00:01:01.000 That's why we are here.

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00:01:13.000 The economy is heading in a terrible direction.

00:01:17.000 It is.

00:01:20.000 I'm afraid that we are heading towards something that I am coining as crashflation, not stagflation.

00:01:27.000 And I don't think it's going to crash immediately or overnight.

00:01:31.000 I think it's going to be a kind of a slow-motion car crash over a period of time.

00:01:39.000 It's going to be happening day by day and month by month where we kind of look around and we say, wait a second, what just happened over the last year?

00:01:48.000 I think it's going to be different than the 2008 financial crisis, which was abrupt and it was quick and it was dramatic.

00:01:54.000 It all happened in like 45 days.

00:01:56.000 It's like, whoa.

00:01:59.000 Bear stars went under.

00:02:01.000 Solomon went under.

00:02:02.000 It happened really quick for those of us that lived through it.

00:02:06.000 It was from kind of like September 2008 to November 1st.

00:02:11.000 The entire economy cratered, crashed, smashed into a million pieces.

00:02:17.000 I don't think that's going to happen as abruptly.

00:02:21.000 I think it could be as bad, but I think it's going to be a slow-motion crash, largely because of the amount of dollar bills.

00:02:29.000 And so that is why we are calling it crashflation, not stagflation.

00:02:35.000 You're going to have everything getting more expensive while the economy craters.

00:02:40.000 It's the worst possible combination.

00:02:42.000 It's bad enough to have an economic crisis, but at least when you have an economic crisis and you don't have inflation, you have some monetary levers that you can pull to get the economy stimulated again.

00:02:54.000 But if you have an economic crash and no growth and you have a ton of dollar bills out there, which we do, then you are left with no good options.

00:03:04.000 We believe this is economic destruction that is intentional to try to reset our currency and bring us in a direction of a one-world type government.

00:03:16.000 We believe it's done with the intent of redefining the entire economic order as we know it in the West.

00:03:26.000 Play Cut 6, Jake Tapper, as recently as six months ago, you were calling inflation a short-term problem and not a long-term problem.

00:03:33.000 And then the Commerce Secretary, Gina Raimondo, responded, play cut six.

00:03:38.000 You heard Secretary Yellen this week said she got it wrong about inflation.

00:03:43.000 In July, you told Bloomberg that inflation would be temporary about a year ago.

00:03:47.000 As recently as six months ago, you were calling inflation a quote short-term problem, not a long-term problem.

00:03:53.000 So you got it wrong too.

00:03:55.000 Yeah, good morning.

00:03:56.000 Good to be with you.

00:03:57.000 So clearly we are, and Americans are struggling with inflation, but I don't think anyone predicted Putin's war in Ukraine or various other things that have happened that have been unexpected.

00:04:10.000 I still think, you know, we will get inflation under control.

00:04:14.000 We just have to stick with it and see it through.

00:04:17.000 Yeah, we just have to stick with it and see it through.

00:04:19.000 It's always Putin's fault.

00:04:21.000 This comes after Elon Musk says, quote, he has a super bad feeling about the economy and wants to slash Tesla jobs.

00:04:28.000 Tesla CEO Elon Musk has a super bad feeling about the economy and wants to cut roughly 10% of jobs at the electric car maker, he said in an email to executives on Thursday.

00:04:40.000 The message came two days after the world's richest man told employees to return to the workplace or leave the company.

00:04:45.000 Tesla employs around 100,000 people in the company and its subsidiaries at the end of 2021, according to an annual SEC filing.

00:04:53.000 Add that to Jamie Dimon and Goldman Sachs president John Waldron, who said, quote, a hurricane is right down out there down the road coming our way.

00:05:04.000 You know, for all of the kind of self-righteous economic analysts, this is going to be a massive wake-up call for them.

00:05:12.000 But how do you solve crashflation?

00:05:15.000 How do you solve that?

00:05:16.000 If the economy craters and you also have inflation, there's almost no good options.

00:05:21.000 You have to then endure a time of suffering, of realignment.

00:05:31.000 And I'll say this, that a lot of people that have grown used to kind of the cheap money craze, the sugar high, if you will, as we call it on this program, there's going to be a massive economic wake-up call for people.

00:05:45.000 I'm telling you right now, I think by a year from today, there will be hundreds of thousands of less small businesses.

00:05:56.000 That might be a little extreme.

00:05:57.000 Let's say tens of thousands of less small businesses.

00:06:00.000 There are no more fiscal or economic interventions that could be pulled by the federal government.

00:06:05.000 There's just nothing else left.

00:06:06.000 And a lot of this was the creation of both Republicans and Democrats who passed these ridiculous spending bills, $5 trillion of unnecessary additional federal spending that was done by Republicans because of our reaction to the China Fauci virus.

00:06:23.000 Jamie Dimon is saying there's an economic hurricane coming our way.

00:06:29.000 I completely agree.

00:06:30.000 I see it every single day.

00:06:31.000 And we've been predicting this at every corner.

00:06:33.000 And it could be worse than anything that people imagine.

00:06:36.000 You might say, Charlie, that sounds pretty awful.

00:06:38.000 You know, where's the optimistic turn?

00:06:39.000 The optimistic is that those you should, if you are a good businessman and you know your product and you know your employees and you know your bottom line and you haven't borrowed a lot of money, recessions can be very good for you.

00:06:53.000 They could be good because it can make you tougher.

00:06:56.000 It can make you more nimble.

00:06:57.000 It can make you more agile.

00:06:59.000 So you kind of say, bring it on.

00:07:01.000 Now, I do not wish a recession on anybody for political gain.

00:07:04.000 That's what the left did.

00:07:05.000 In fact, I think it was Bill Maher that did that, who said that a recession is actually going to help us get rid of Donald Trump.

00:07:12.000 Elon Musk says the U.S. is in a reception, is probably in a recession that could last about 18 months, adding that, quote, recessions are not necessarily a bad thing.

00:07:21.000 And he's right.

00:07:22.000 If you allow recessions to take its course, absent federal government intervention, recessions can be like cough syrup.

00:07:30.000 It tastes terrible, but it's actually really good for you.

00:07:33.000 You get through it, and then you come out stronger on the back end.

00:07:39.000 Elon said recessions are not necessarily a bad thing.

00:07:42.000 I've been through a few of them.

00:07:43.000 What tends to happen is you have a boom that goes on too long.

00:07:48.000 You get a misallocation of capital. 0.99

00:07:50.000 It starts raining money on fools, basically. 0.92

00:07:52.000 I know a lot of companies that have been built on speculation, and they're probably going to go under. 0.98

00:08:00.000 And that's awful for the employees.

00:08:04.000 But you cannot have a market that rewards risk that does not punish failure.

00:08:13.000 By punishing uses, you go under, you close the business.

00:08:16.000 God forbid you have to declare bankruptcy.

00:08:19.000 But there's been an enormous amount of subsidy from the federal government.

00:08:24.000 And the PPP program that Republicans thought were the greatest thing ever was an unrealistic continued subsidy for bad businesses.

00:08:33.000 It was free money for months because of COVID.

00:08:36.000 We didn't take any PPP money on this program or at Turning Point USA.

00:08:41.000 And so our leaders designed these bad choices.

00:08:44.000 And so, believe it or not, the elites are actually pretty excited about what's coming next.

00:08:51.000 Guess what?

00:08:52.000 Jamie Dimon is going to be rich whether there's a recession or not.

00:08:58.000 So will the Goldman Sachs guy.

00:09:00.000 What will happen in a recession?

00:09:01.000 More buying opportunities to only further strengthen the corporate oligarchy in our country.

00:09:07.000 And what Republicans don't realize is they helped create the conditions for all of this.

00:09:12.000 The rich will get richer in a recession.

00:09:14.000 They'll get temporarily poorer.

00:09:15.000 You're starting to see that, by the way, in Elon Musk and Bezos and Gates' net worth.

00:09:20.000 They're down about 20%.

00:09:22.000 But because of the inflation aspect, though, because there's so many dollar bills out there, there's so much liquidity with low growth, the worst combination will occur.

00:09:31.000 So rich people will just start buying up more assets.

00:09:35.000 There'll be bargains everywhere.

00:09:38.000 Bargains in the security markets, bargains in the real estate markets.

00:09:42.000 And then when we start to finally re-emerge from the recession, the rich will be richer than ever before.

00:09:48.000 And the middle class will only get squeezed to an extent where they can't take it any longer.

00:09:56.000 A war is being waged on reality, everybody, and the left is leading the charge.

00:09:59.000 Their radical gender ideology has seeped into children's classrooms, into medical terminology, and into our everyday life. 0.99

00:10:04.000 It's producing a generation of psychological infants and confused young people.

00:10:08.000 Not only that, but this radical ideology is trying to erase the people who brought us all into the world, women. 0.90

00:10:13.000 Now, Matt Walsh of the Great Daily Wire is taking matters into his own hands.

00:10:17.000 He recently embarked on a journey around the world to ask one simple question.

00:10:21.000 What is a woman? 1.00

00:10:21.000 And you'd be surprised not only how few are capable of answering, but also how many have a completely twisted idea of what a woman is. 1.00

00:10:28.000 Thankfully, he got his whole experience on film, the documentary they don't want you to see, what is a woman. 1.00

00:10:32.000 You can check it out today at dailywire.com slash Charlie.

00:10:35.000 Radical gender ideology have a not-so-secret agenda, and this film exposes it all. 0.98

00:10:39.000 Check out what is a woman at dailywire.com slash Charlie. 1.00

00:10:43.000 That is dailywire.com slash Charlie.

00:10:48.000 In great detail throughout the years, about social media companies, about how much power they have, and how there's almost two governments in America, the government of Washington, D.C. and the government of Google.

00:11:00.000 And we've said for quite a while that the Democrats, they have a bargain with these tech companies, and they will only lay off the tech companies as long as they are useful to what they want America to become, which is a dystopian nightmare where the rich and the elite rule everything and the middle class is destroyed.

00:11:18.000 There'll be abortion clinics on every corner, drag queen story hour in your schools. 1.00

00:11:22.000 The population will be largely illiterate.

00:11:24.000 The borders will be wide open.

00:11:25.000 But don't worry, weed, heroin, and cocaine will be widely accessible on your streets.

00:11:30.000 This is the vision that Democrats are enacting in our cities and our Democrat states and unfortunately starting in other places as well.

00:11:38.000 But the tech companies and the Democrats have a partnership.

00:11:40.000 They have a marriage, you could say.

00:11:43.000 And Zuckerberg was largely blamed for not being able to control his platform when Donald Trump got elected in 2016.

00:11:52.000 Donald Trump was able to use Facebook very creatively.

00:11:56.000 He got blamed for this through the Cambridge Analytica story, I think unfairly.

00:12:00.000 But Facebook, back in 15, 16, 17, before Zuckerberg changed the entire platform, it was like the wild west of Facebook.

00:12:09.000 Conservative content performed best then.

00:12:11.000 It still performs very, very well right now.

00:12:13.000 If you go to the best performing Facebook pages, they're almost all conservative Facebook pages.

00:12:17.000 Why? 0.94

00:12:18.000 Because we're a center-right nation starving for content in this kind of nonstop albatross or seemingly unending albatross of left-wing garbage.

00:12:29.000 And so, what we have, and what is growing at a quick rate, or has been the last couple of years, is Democrats trying to basically win over, I'm sorry, tech companies trying to win over Democrats.

00:12:41.000 So, this was Zuckerberg doing the $400 million to the Center for Technology Civic Life, which paid for ballot drop boxes and paid for mass mail and voting to be possible in many of the key battleground states.

00:12:56.000 But we're starting to see a tone change where all of a sudden Democrats, they're not comfortable or happy with just being an alliance with these tech companies.

00:13:05.000 Now, they want to use state power to be able to silence conservative speech that they don't like because they don't think these tech companies are doing enough to shut us up, to do enough to kick us off these platforms, despite I having going through multiple the bans of Twitter and the shadow banning on YouTube and Facebook.

00:13:23.000 But listen to Dan Pfeffer, or whatever his name is, how you say last name, saying that the right-wing media advantage is so much more powerful.

00:13:32.000 Congress has to step in and regulate these algorithms that are pushing this disinformation for profit.

00:13:39.000 Play cut four.

00:13:40.000 The problem around this is getting worse every single day.

00:13:43.000 The media, the right-wing media advantage, this disinformation profiting operation is so much more powerful now than when I worked in the last year.

00:13:48.000 That's getting bigger.

00:13:50.000 It is, I think, what we have to do is radically rethink how we communicate.

00:13:55.000 Everyone has a role to play here.

00:13:56.000 Democrats have to be more aggressive.

00:13:58.000 We have to invest in building up our own megaphone to compete with Republicans.

00:14:02.000 We need to invest in progressive outlets.

00:14:05.000 The media, I think, a lot of people maybe have to rethink how they deal with people who lie for a living.

00:14:09.000 And then the social media companies have an obligation to do more.

00:14:12.000 We can't rely on them to do it on their own.

00:14:13.000 And so this is where Congress and the regulars have to step in to think about how we regulate these algorithms that are pushing this disinformation for profit.

00:14:21.000 Okay, there's so much there to unpack.

00:14:23.000 I actually find that segment to be super useful.

00:14:25.000 I mean, I think it's insane to say that we have a right-wing media advantage in our country.

00:14:29.000 But in their own words, it is kind of illuminating, isn't it, that they think they're losing the narrative war.

00:14:36.000 It's kind of shocking where they're going on MSNBC.

00:14:39.000 And I think that guy actually hosts Pod Save America, isn't it?

00:14:42.000 I think he does.

00:14:43.000 I think he's one of the people that's on pod.

00:14:46.000 I could be wrong, but I think he's a Pod Save America guy.

00:14:48.000 Am I right about that?

00:14:51.000 Anyway, I know that he was a senior advisor to Barry Obama from 2013 to 2015.

00:15:00.000 And he goes on saying that there is a right-wing media advantage.

00:15:03.000 And, you know, let's just look at podcasting.

00:15:07.000 He's not wrong. 0.53

00:15:09.000 Conservatives do very, very well in podcasting, and Dan Pfeiffer knows that.

00:15:15.000 And I've been saying this for quite a while for anyone with the ears to hear.

00:15:19.000 Go look at the top 15 podcasts on Apple News.

00:15:23.000 Go do it right now.

00:15:25.000 I can pull it up.

00:15:27.000 The top 15 podcasts on Apple News, without me even knowing before I see it, a majority will be conservative podcasts.

00:15:36.000 And Dan Pfeiffer knows that.

00:15:37.000 He looks at probably the podcast charts all the time, and he's like, why does nobody like us?

00:15:41.000 Okay.

00:15:42.000 New York Times number one, NPR two, then Ben Shapiro, then Matt Walsh, then some sort of irrelevant band thing, then serial, NPR, then the Daily Wire, then Dan Bongino, then Glenn Beck, then the Charlie Kirk show at number 11, NPR Pod Save America, some non-political one, and then Megan Kelly.

00:16:02.000 So that is one, two, three, four, five, six, seven out of 15, right at 50%.

00:16:10.000 That, and then if you look at the, it's like seven out of 13, you got the non-political.

00:16:13.000 He's right.

00:16:14.000 We're winning on the podcast space.

00:16:18.000 Hey, everybody, this common sense is brought to you by the folks at secondvote.com, amazing people who are fighting back against woke corporations.

00:16:25.000 Subscribe now at secondvote.com, promo code Charlie.

00:16:29.000 Make sure you go to secondvote.com and subscribe now using promo code Charlie for just $40 for a whole year.

00:16:35.000 That's secondvote.com, promo code Charlie.

00:16:39.000 Dr. Chris Martinson is a toxicologist, pathologist, and founder of Peak Prosperity, a great website and strategic advisory council member at the Unity Project.

00:16:48.000 Dr. Martinson, welcome back to the program.

00:16:51.000 Charlie, it's so good to be back here with you today.

00:16:53.000 I enjoy your website.

00:16:54.000 I want to ask you a little about economics too later in our conversation, but off kind of off the bat here, what is going on with this monkeypox deal?

00:17:02.000 Why is the media all up in arms over it?

00:17:05.000 And what should we know that the media is not telling us about monkeypox?

00:17:09.000 Well, this is a big manufactured sort of fear hysteria thing.

00:17:13.000 They're just riding on the wave of the last virus and they're turning the same crank, I think.

00:17:18.000 From an actual health standpoint, what do we know about this?

00:17:21.000 There's 1,100 cases worldwide, but looks like it might have been circulating for a while.

00:17:26.000 And it looks like it mostly only transmits between humans who have very close contact, which they've chased this down to a couple of raves.

00:17:35.000 And as well, it looks like gay sex seems to be a strong way to get this passed along.

00:17:40.000 So it's not expressing itself like we saw with a respiratory virus, which passes easily and asymptomatically somewhat between people with a very high, what's called an R naught. 0.99

00:17:51.000 This thing doesn't transmit all that easily.

00:17:53.000 In fact, it seems like it should be not that hard to avoid because it only passes with people who are symptomatic.

00:17:59.000 Hopefully in this day and age, we know not to engage in close behaviors with people who are symptomatic. 0.78

00:18:05.000 Do you think this was tweaked via gain of function in a laboratory or do you think this came about naturally?

00:18:12.000 A little confusion.

00:18:13.000 I have a yellow flag on this one.

00:18:15.000 I don't know one way or the other.

00:18:16.000 There's 47 amino acids, sorry, DNA changes in this thing.

00:18:19.000 That's a little faster than we would have expected, but only if we think that this thing just recently jumped from an animal to a human.

00:18:27.000 It might have been circulating since 2017 by that measure.

00:18:31.000 So I don't see anything in the genetic code right now, Charlie, that says this thing has clearly been manipulated in a lab.

00:18:38.000 It's got pretty decent genetics compared to where we would expect it to come from.

00:18:42.000 And I don't see anything too surprising in there.

00:18:44.000 Not like the coronavirus.

00:18:45.000 That thing is a complete, obvious Frankenlab creation. 0.95

00:18:48.000 Okay, so I want to ask you now about the WHO, which had the meeting recently and looks like there was a significant setback, but it looks like the WHO is going to start to double down coming into these upcoming meetings.

00:19:03.000 So it might have been a temporary victory for those of us that love liberty and sovereignty.

00:19:07.000 Can you walk our audience through the battles to come?

00:19:10.000 Yeah, look, the WHO obviously wants more power.

00:19:13.000 It's ridiculous that anybody would consider giving it more power, except under the fail upwards principle, right?

00:19:19.000 So this is the same WHO that failed to call the coronavirus a pandemic for a month and a half, that failed to even weigh in on appropriately blocking flights out of Wuhan to going globally at a time when even China was blocking those flights domestically back in January and February of 2020.

00:19:36.000 So, this is an organization that has failed, failed pretty miserably, is not up to the task, and yet wants more power for that.

00:19:43.000 The mysterious part, Charlie, is so many people, mostly in Western nations, seem very eager to give that power over to the WHO.

00:19:51.000 Although, as you just mentioned and hinted at, it's not going all that well.

00:19:53.000 A lot of countries not on board for this ride so far.

00:19:56.000 They're meeting a lot of resistance.

00:19:58.000 Yeah, it sure seems that way.

00:20:00.000 And so, as we dive into this, so the in the fall, it looks as if they have another meeting or an attempted United Nations meeting.

00:20:09.000 Can you kind of also just reinforce how significant kind of their loss in Geneva was, what they were trying to do?

00:20:17.000 And it seems as if shining a light on them and the increased public relations campaign that happened around their meeting in Geneva, I think it made a significant difference.

00:20:26.000 Well, it really did.

00:20:27.000 And I'm glad to say that a lot of countries didn't go along with their agenda.

00:20:31.000 So they did have a pretty big setback.

00:20:33.000 I think they were hoping to really just get this thing rammed through, but what, maybe four-fifths of the world's population basically said no to that at this point in time.

00:20:41.000 So this is really starting to shape up, Charlie, a lot like this is really Europe and the United States, plus its proxy countries.

00:20:49.000 Let's call that Canada, Australia, New Zealand, seem to really have an agenda here that they want to push.

00:20:54.000 And the rest of the world is not as excited for that agenda.

00:20:57.000 And I think the WHO is just reflective of what those countries really want at this stage.

00:21:03.000 And I'm glad to say countries aren't going along with it because what they're proposing is basically to remove sovereignty and sovereign nationability from countries making their own decisions about what's best and what's right.

00:21:16.000 If that had happened, Sweden wouldn't have been able to do what it did back when it decided to approach Corona the way it did.

00:21:22.000 And now it has the best statistics in all of Europe.

00:21:25.000 So I want to now shift gears to economics, which is something you write a lot about on your website, peakprosperity.com.

00:21:31.000 And I visit it every so often.

00:21:32.000 It's some great commentary.

00:21:34.000 You have an article here or a piece of content that was written about a week ago.

00:21:38.000 Devastating inflation takes hold.

00:21:40.000 I think that it's important that we kind of connect all these otherwise, let's say, isolated dots on the graph where some people will kind of silo off COVID and kind of how we responded to it.

00:21:53.000 And now, of course, we have inflation.

00:21:55.000 Can you talk about how the hysteria around COVID, the lack of administration of early treatments, actually is largely to blame for our inflation crisis because our politicians, being the weak-need people they are, they took the bait from the media and then decided to create five to seven trillion dollars of additional federal spending.

00:22:13.000 Can you walk our audience through that?

00:22:15.000 Yeah, unfortunately, you know, this is a little bit of a complicated story, but I think it's really worthwhile for people to know because once you can connect the dots, as you say, I think you have a chance of understanding the environment we're in and what's likely to happen next.

00:22:27.000 So really, this story begins, you know, decades ago, but let's just go back to September of 2019.

00:22:33.000 We were seeing this extraordinary blowup in the financial markets.

00:22:36.000 A little bit wonkish, but it was something called the repo markets.

00:22:39.000 We're seeing the overnights rate blow up.

00:22:41.000 The Federal Reserve is starting to print.

00:22:42.000 They're looking for a reason to really print.

00:22:45.000 And then COVID comes along and it gave them the perfect excuse to really print.

00:22:49.000 So they printed like crazy.

00:22:51.000 I was writing about it extensively at the time saying, A, that's going to create inflation all on its own, printing money.

00:22:56.000 B, you have the government giving, handing money out at that point in time through the, you know, PPP and all that other stuff.

00:23:02.000 So they're handing money out, giving stimulus checks.

00:23:05.000 That's inflationary.

00:23:06.000 And then, of course, we have the supply chain hiccups, which were very easy to see in a complex global environment where all, you know, you need this part here so you can make that part so this can happen.

00:23:17.000 And before that can happen, it's very obvious that the supply chain hiccups we saw where we basically half the world's manufacturing got taken offline in a two-month period around China.

00:23:27.000 That obviously was going to have impacts, but the clueless people allegedly at the Federal Reserve kept saying, oh, you know, we didn't see that coming.

00:23:34.000 You saw Janet Yellen just say, I had no idea.

00:23:37.000 I guess I got this wrong.

00:23:38.000 And of course, lots of people were screaming that this was going to happen.

00:23:41.000 And now it's here.

00:23:42.000 So that's the backstory.

00:23:44.000 Printing, printing, printing plus supply chain hiccups.

00:23:47.000 You put those two volatile elements together and you get where we're at today.

00:23:51.000 So, but can you just clarify when was this kind of repo market kind of disruption happening with the time period again?

00:24:01.000 September 2019.

00:24:02.000 Okay, yeah, that was the height of it.

00:24:04.000 September of 19, we started to see, and as you say, it's kind of wonkish, but kind of a disturbance in the force of an artificially kind of created economy.

00:24:12.000 But this has kind of been a Potemkin village built on kind of artificial fiat currency for a long time now.

00:24:19.000 And it was quote unquote working.

00:24:20.000 I put that in quotes in the 90s and the early 2000s, but it really got out of control post-08.

00:24:27.000 Is it fair to say that we're kind of just living on the sugar high post-08?

00:24:31.000 Or even you could go all the way back to Jekyll Island, but we're not going to do that, right?

00:24:36.000 So, but this is kind of a, we're at the last gasp of kind of a decade of artificial monetary stimulus.

00:24:44.000 Is that fair to say?

00:24:46.000 It's true.

00:24:46.000 I just, let me go three decades because we had this, the 1987 and Alan Greenspan.

00:24:52.000 He said, hey, you know, we can't let that happen.

00:24:54.000 The Greenspan put, so they steer the cars in a slide, right?

00:24:57.000 So they start steering the other way.

00:24:59.000 Then we had the whole explosion in the so-called internet fad.

00:25:02.000 And then that blew up.

00:25:04.000 And so the Fed came again and rescued.

00:25:06.000 So they steered the other way.

00:25:07.000 And next thing you know, we're sliding towards a different ditch.

00:25:09.000 And then the housing bubble comes along.

00:25:11.000 Again, courtesy of Fed policy.

00:25:11.000 Yep.

00:25:13.000 So we steer the other way.

00:25:15.000 And it's just, it's just the amplitude of these corrections are getting larger and larger and the interventions have to get larger and larger.

00:25:23.000 So since the great financial crisis, the big three central banks in the world have printed $20 trillion and poured those into the financial markets.

00:25:33.000 And everybody was happy because it was mostly just going to financial markets.

00:25:36.000 So Hampton's houses got expensive, Gulfstream 650s, Gems, where the place where the money goes is where inflation happens.

00:25:43.000 It went to rich people.

00:25:44.000 Well, now this is all blowing up.

00:25:46.000 We're kind of at the end of the road.

00:25:48.000 And I think the Fed's in a really dark spot right now because they have actual inflation they can't control and they risk this Potemkin village of a market crashing completely and taking a lot of stuff down.

00:26:02.000 So that's it.

00:26:02.000 Crash the markets, crash the currency, which we call inflation.

00:26:06.000 What do you do?

00:26:07.000 We call it the tough spot.

00:26:08.000 We call it crashflation, not stagflation.

00:26:13.000 Hey, everybody, Charlie Kirk here.

00:26:14.000 Free speech, religious liberty, the Second Amendment.

00:26:16.000 Across the country, your constitutional rights are under constant attack and it's only getting worse by the day, which is why I am proud to support Patriot Mobile.

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00:27:01.000 So make the switch today.

00:27:02.000 Between the left and the media and the rhinos, we have to stick together.

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00:27:08.000 That's patriotmobile.com slash Charlie or call 972 Patriot.

00:27:14.000 So our audience gets really anxious about kind of talks about economic apocalypse, and I don't blame them.

00:27:22.000 What can they do to empower themselves to make prudent choices so that a recession doesn't scare them, but they're ready for whatever comes next?

00:27:31.000 What are your thoughts?

00:27:33.000 It's a great question.

00:27:34.000 And this is why I do what I do, Charlie.

00:27:36.000 This is my whole life and has been for a while, is getting people to be what we call resilient.

00:27:41.000 And resilience is as much as anything.

00:27:43.000 It's a state of mind.

00:27:44.000 The way we approach it is first, as scary as it might be, you have to understand what the context is.

00:27:49.000 That's what you do.

00:27:49.000 You help educate people.

00:27:50.000 People need to know, right?

00:27:52.000 If you don't understand how money works and how the Fed works and it sounds wonkish, well, you're just driving blind in this story.

00:27:58.000 You have to understand what the system is.

00:28:00.000 If you don't know what the system is and how it behaves, good luck, you know, operating within it as anything other than a pinball.

00:28:06.000 Okay, so now you understand something.

00:28:08.000 Information without action, though, is just anxiety producing.

00:28:11.000 So we really coach people to get to action and you want to get there.

00:28:14.000 There's a lot of things people can do to build financial capital, but we talk about eight different forms of capital.

00:28:20.000 Financial capital is one.

00:28:22.000 It's really important.

00:28:23.000 Your knowledge capital is really important.

00:28:26.000 Your social capital is really important.

00:28:29.000 So we outline those and other forms of capital, saying, listen, if you're rich in all of those, you're going to be more resilient.

00:28:35.000 And if you only have money, what's the saying?

00:28:38.000 None are so poor as those who only have money, right?

00:28:40.000 We don't just talk financial capital.

00:28:42.000 That's, I think, going to be a poor determinant of success for this time we're coming in because, hey, decades of mistakes, Piper has to be paid. 0.68

00:28:50.000 Now, if you listen to MSNBC, though, they're going to try and keep you Wolf of Wall Street style.

00:28:56.000 You know, you're in the market all the time.

00:28:58.000 Like that's, that's where money is.

00:28:59.000 You have to be in the markets.

00:29:01.000 That can be partly true, but I want people to understand that we've been through this before in history.

00:29:06.000 We went through it in Weimar, Germany, 1918 through 1923.

00:29:11.000 We've been through it in Zimbabwe.

00:29:12.000 They just, they're going through it in Venezuela.

00:29:14.000 It happens.

00:29:15.000 They always present it, though, at the retail level, at the MSNBC level.

00:29:19.000 They say, it's just this great, you know, wealth destruction that happens and, you know, people lose jobs and lives are destroyed.

00:29:26.000 And that's not true.

00:29:27.000 Well, that is true, but it's not the only thing that's true.

00:29:30.000 What's actually happening at times like this are wealth transfers.

00:29:34.000 Exactly.

00:29:35.000 And if you look at what happens before and after in Weimar, Germany, for instance, big crash, people are wiped out, books are written, middle class destroyed.

00:29:43.000 But there are just as many roads, factories, arable acres.

00:29:48.000 The real units of wealth were still there in the country.

00:29:51.000 So I want people to get away from the marketing that says wealth is only money and its derivatives and the paper fantasy promise tickets that Wall Street delivers.

00:29:59.000 And it's about the real tangible things in your life.

00:30:02.000 So tangible.

00:30:03.000 I like land.

00:30:04.000 I like trees.

00:30:05.000 I like rocks.

00:30:06.000 I like soil.

00:30:06.000 I like water.

00:30:07.000 I like gold.

00:30:08.000 I like silver.

00:30:09.000 I like the means of production.

00:30:10.000 I like people to be entrepreneurs and actually producing their own wealth.

00:30:14.000 These people actually are going to be, I think, fine.

00:30:17.000 If not relatively, then absolutely fine, no matter what happens.

00:30:21.000 But the people who are tied to that system, it isn't kind to them.

00:30:25.000 It all begins with education, though, because if you don't know what's happening, how can you possibly react?

00:30:30.000 Yeah, that's super smart.

00:30:31.000 And it's intimidating for some people, right?

00:30:33.000 I mean, and they will, the next step is going to go after hard assets.

00:30:38.000 And this is what the Soviet Union did with the Kulaks. 0.96

00:30:40.000 I mean, they are going to go after farmers.

00:30:42.000 They're going to say, you can't own more than 15 acres.

00:30:44.000 You can only own 10 acres because that's going to be the new place of wealth.

00:30:48.000 The new place of wealth is going to be able to sustain yourself outside of the game.

00:30:52.000 I hate doing this, but like prediction, how bad is it going to get?

00:30:56.000 Actually, I think that this is a long emergency.

00:30:59.000 This is going to take a long time to play out.

00:31:01.000 We have decades of excesses to unwind.

00:31:04.000 There's no easy way around it at this point.

00:31:06.000 I wish there were.

00:31:07.000 I wish I had some magic three by five card of instructions.

00:31:10.000 Listen, these were a lot of mistakes made.

00:31:12.000 And it's going to be the next generation that you speak to mostly who are really going to be picking up the pieces.

00:31:17.000 So, you know, I wish there was a different prognostication I could give.

00:31:21.000 It's going to get pretty bad.

00:31:22.000 And we're seeing it already in just the fuel.

00:31:25.000 If you understand the energy crisis for it, right?

00:31:29.000 So the things where there's only so much of, they get more expensive because you just can't turn on a printing press.

00:31:34.000 And, you know, they can't even print the money as quickly as they're creating it.

00:31:37.000 They can't.

00:31:38.000 So they just say, oh, yeah, it's out of thin air.

00:31:38.000 They couldn't physically.

00:31:42.000 Chris Martinson, thank you so much.

00:31:44.000 Phenomenal commentary, peakprosperity.com.

00:31:47.000 We'll have to have you back on.

00:31:48.000 Thank you.

00:31:49.000 Thank you.

00:31:50.000 My pleasure.

00:31:52.000 Just want to reinforce that point as we close out.

00:31:54.000 As things start to get more difficult, you have a choice whether you're going to become fragile or anti-fragile.

00:32:00.000 And I like the term anti-fragile even better than resilient.

00:32:04.000 I've done podcasts before on anti-fragility.

00:32:07.000 It's a great book by Nassim Taleb.

00:32:09.000 But the long and short of it, in 10 seconds, is some people actually grow stronger the more stress you put on them.

00:32:16.000 Make a decision to be that person.

00:32:18.000 That even there might be a recession, you're actually going to grow stronger the more opposition that you come against.

00:32:24.000 You'll be a happier person because of it.

00:32:28.000 Thank you so much for listening, everybody.

00:32:30.000 Email me your thoughts as alwaysfreedom at charliekirk.com.

00:32:32.000 Thanks so much for listening.

00:32:33.000 God bless.

00:32:36.000 For more on many of these stories and news you can trust, go to CharlieKirk dot com.

The Charlie Kirk Show - June 06, 2022

‘Crashflation’ Is Here — What That Means for You

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