Is Donald Trump going to have hyperinflation if he wins the 2020 election? We talk with Scott Bussin and Mary Margaret Olihan about that and more in this special edition of the Charlie Kirk Show. Today's episode features: - What will happen to the economy if Donald Trump wins the election? - Why 16 Nobel Prize-winning economists claim Trump will wreck our economy - Why I don't trust them - Why you should not trust them - Why the Biden economy is a scam - How much money is left in the bank? - Who are the real economic strategists in the Democratic Party? And more! Subscribe to our new podcast, Freedom, where we discuss all things economic, political, and financial news. Subscribe today using our podcast s promo code: "UPEX" for 20% off your first month with discount code: FREEDOM20 at checkout. If you like what you hear, please HIT SUBSCRIBE and tell a friend about this podcast and we'll send you a link to the show! Subscribe, Like, Share, and Share! You'll be the first to know whenever a new episode is released. Thank you for listening and share the podcast! Charlie, Charlie, Timestamps: 1:00:00 - Is Trump Will Have Hyperinflation If He Wins The 2020 Election? 2:30 - Will the Market Crash After 2020? 3:15 - What are the Real Problems? 4:00 5:00 | The Biden Is a Scandal? 6:30 | What is the Real Deal? 7: Is the Biden Economy Really? 8:15 | What's the Worst? 9: What is a Bubble? 11:00 // 11:40 | What Is the Real Problem? 12:15 13:40 15: Is Trump's Future? 16:10 | Is the Future of the Biden Is the Biggest Threat to the Economy? 17: What Will Happen to the U.S. 17:40 - What's Next? 18: Will the Economy Really Happen in 2020 After This? 19:10 - What Will the Future Of The Economy After Trump? 21:30 22:00 + 17:10 26:00 / 16:40 // 17:20 25:00 Is the Next Thing After Trump 2.0?
00:00:46.000He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:00:53.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
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00:01:49.000Well, there is a phenomenal counter op-ed to this.
00:01:54.00016 Nobel Prize winning economists claim Trump will wreck our economy.
00:01:56.000This is the reason I don't trust them.
00:01:58.000One of the first signatures comes from George Akerlof, 2001 Nobel Laureate, who's married to President Biden's Treasury Secretary, Janet Yellen.
00:02:22.000And look, I was outraged by this op-ed.
00:02:24.000You know, A, as you mentioned, it's dropped, just like the 51 intelligence, whatever they were, expert signature, talking about alleged Russian interference with a laptop.
00:03:18.000So then they revert to the American people.
00:03:23.000They don't understand how good they have it.
00:03:26.000Even today, the Wall Street Journal published an editorial by Alan Blinder, former vice chairman of the Fed, out of touch Princeton professor, telling Americans The economy is really great.
00:03:38.000You know, why don't you serfs appreciate us?
00:03:45.000And number three is to make up a canard that Trump 2.0 is somehow going to be inflationary and bad for the economy.
00:03:55.000Which is in complete opposition to what happened during Trump 1.0.
00:03:59.000Trump 1.0, the first three years before COVID, was some of the strongest growth that we've seen in the past hundred years.
00:04:07.000So, you know, they're creating this false narrative.
00:04:10.000And I will add, That the three quarters of this group are the same geniuses, the same geniuses who said that Joe Biden's policies would not cause inflation.
00:04:22.000And then we got the worst inflation that we've had in the past 40 years.
00:04:26.000And as you rightly mentioned, the signature at the top of both of those is Professor Ackloff, And he is Treasury Secretary Janet Yellen's husband, and Secretary Yellen had the audacity and the tin ear to say in the past 48 hours that inflation had not affected her personally.
00:04:50.000Well, yeah, I mean, I would imagine, except that all of her asset prices, the asset prices of her home has gone up.
00:04:56.000So I want to play this piece of tape for you.
00:04:58.000It's very powerful, and this is A great example to what we're talking about here.
00:05:04.000This is just a random guy on TikTok, and it's an extraordinary idea.
00:05:08.000So on your Walmart app or your Amazon app or your Whole Foods app, it allows you to go back into your history and reorder groceries exactly as you ordered them previously.
00:05:19.000So two years, this guy goes back into his Walmart app, and he says, okay, I'm gonna go reorder my groceries from two years ago, piece for piece, pound for pound.
00:05:36.000I just, like, looked through my Walmart history, and I found this, like, um, Walmart order from two years ago for the whole month worth of groceries.
00:06:32.000Yeah, look, you know, Americans lived experience is very different.
00:06:37.000And the inflation number that we've gotten, you know, the government statistics, you know, underweight food, they underweight fuel, they don't include the increase in interest costs, you know, we're back to we would be exceeding if we use the same index that was used during Jimmy Carter's time, we would be above the Jimmy Carter misery index.
00:06:59.000So, you know, I've been saying this is like the Joe 70 show.
00:07:04.000And, you know, it's probably going to close on November 5th.
00:07:09.000And just as part of my research, you know, I'm an ordinary guy.
00:07:16.000I decided to go into two different food banks because I read a couple of months ago that food bank usage in the United States is at a record level.
00:07:30.000And we're at a record level with 3.9% unemployment.
00:07:35.000You know, this is recessionary, this is depressionary stuff for this food bank usage.
00:07:40.000So, you know, I go in, I did my own research, I was talking with the people who run the food banks, and they're saying, well, what's happening is exactly what that young man just said, that the basket of groceries that people had been buying, that they're coming into the food banks to top up.
00:07:57.000That, you know, if they had $100 a week to spend on groceries, it doesn't go as far as it used to.
00:08:04.000They would buy the fresh things, milk, vegetables, and then, you know, working class families are having to resort to food bank.
00:08:13.000And, you know, you have crossed a Rubicon when you do that.
00:08:17.000People want dignity, and dignity is not going into a food bank.
00:08:23.000Dignity is not the Secretary of the Treasury telling you that inflation hasn't affected her when there is a record amount of food bank usage.
00:08:36.000How specifically do you suggest we explain the increase in food and grocery prices from Joe Biden's policies to the increase in prices?
00:08:46.000The way we do it is this deficit spending spree has flooded the zone with money that we have more dollar bills than valuable products, and so therefore prices go up.
00:09:26.000So the deficits, the way to think about it is the deficits cause a demand shock.
00:09:32.000What's happened is this regulatory morass that the Biden administration has added on top has caused a supply shock.
00:09:42.000So, you know, with all these regulations of supplies being withheld from the market, you know, oil prices are higher.
00:09:50.000So, you know, you get a demand shock, and then you constrict supply, and that's why you got this turbocharged inflation.
00:09:59.000The genius of President Trump's tax cuts was, you know, there was private sector demand shock, but it was met with deregulation, and that's why from 2017 to 2019, 2020, it was non-inflationary growth.
00:10:17.000In one month, one month, Joe Biden had 9% inflation.
00:10:23.000That's three times more than three years of Donald Trump.
00:10:28.000So, you know, again, to finish where we started, for these professors to come out and say that Donald Trump will be inflationary, it just defies all logic.
00:10:37.000He's going to deregulate, he's going to assert America's energy dominance, and he's going to get these huge deficits under control.
00:10:46.000So, you know, I just think, and it's a complete meretricious argument, And these folks ought to be ashamed, and we'll see whether it gets quoted on CNN this evening, but I'm sure President Trump will have a very good answer.
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00:14:35.000And even more that someone with his experience couldn't at least slow down the conversation.
00:14:42.000And I actually don't think that the Biden administration really wants to talk about MMT because they've done it and the Federal Reserve helped them do it.
00:14:52.000That's why we got this great inflation.
00:14:55.000You know, I talked about the two pieces, the demand shock from government spending, the constriction of supply with all the Biden regulation.
00:15:03.000Well, the other party in this was the Federal Reserve, who was buying all the debt that was being issued.
00:15:11.000And, you know, Charlie, I want to bring up They another report that got dropped coincidentally in time for the debate yesterday was from a group called the Committee for a Balanced Budget.
00:15:22.000And I don't believe that they are nonpartisan because they actually came out and said the President Trump had created bigger, you know, added more to the national debt Then Joe Biden had, and that's just a fiction.
00:15:35.000And it is, I would say, Biden's created $10 trillion in debt, and President Trump, including COVID, created less than a third of that.
00:15:45.000But, you know, this MMT, you know, I always say that it is neither modern, nor monetary, nor a theory.
00:16:18.000And the general premise of modern monetary theory is, imagine the most absurd structure that you could, that the government will spend And the binding constraint on the government is for Congress to stop spending when inflation picks up.
00:16:37.000Congress to stop spending when inflation picks up.
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00:18:20.000Mary, I want to start our conversation here by playing a piece of tape of something that is still, we're still making sure this is 100% correct, but at least it was a piece of clip that went viral yesterday on Twitter, which is a mother who is not allowed to board a United Airlines plane because she allegedly Mispronouned one of the flight attendants.
00:18:39.000And by the way, this is totally believable because of the power that the purple-haired jihadists have over our society.
00:19:02.000And they won't tell me exactly what I said, but What happened, and I will tell you what happened right now, I was speaking to one of the flight attendants and got their pronouns wrong.
00:19:10.000The other flight attendant didn't like it.
00:19:21.000I wasn't really focusing on anything except getting my son's car seat on the flight and getting him comfortable and safe and him, um, cause now it's his nap time.
00:19:28.000You can see he's kind of falling asleep.
00:19:30.000They're saying that it's a hate crime that I did, that I might not even be able to ever fly United.
00:19:35.000We don't even know how we're going to get back today.
00:19:42.000Mary, your reaction and tell us about your book.
00:19:44.000Yeah, I mean, it's totally believable.
00:19:46.000This is the kind of thing that is happening more and more, and I would argue we're going to see happen more and more, given the way that these types of issues are handled.
00:19:56.000Mispronouncing someone, as you so eloquently put it, is becoming a bigger deal than, let's say, you know, praying outside an abortion clinic or, you know, going to the, you know, it's becoming a huge deal.
00:20:12.000When we're talking about this, this is because this gender ideology has become so prominent.
00:20:18.000What I heard from all these detransitioners that I spoke to for my book, people who try to transition then realize that's impossible and went back to living as their normal selves, is that media, activists, lawmakers, doctors, nurses, therapists, all of these people are going with the same ideological line that the most important thing is gender ideology, That if you believe you're trans, everyone else better affirm you or else they hate you and want you dead.
00:20:46.000And that lie is very much becoming, I would argue, kind of like a religious sentiment across the U.S.
00:20:53.000If you mispronounce someone, that's more outrageous than if you punch them in the face.
00:21:01.000You know, as Americans, we should be able to go about our daily lives.
00:21:04.000We shouldn't be forced to say things we don't agree with.
00:21:07.000And in this case, I don't think this woman even had a strong opinion on the topic.
00:21:11.000She seems like she was just trying to take care of her baby and accidentally called this person the wrong pronouns or, you know, the ones they didn't want to be called.
00:21:19.000But it's part of a larger issue here where we're coming up against people who would like to make gender ideology the religion of the state.
00:21:28.000God forbid you teach your children about traditional marriage and Christianity, but if you mispronounce someone, then potentially you could face criminal punishment.
00:21:37.000And we see this with kids riding scooters across Pride crosswalks.
00:21:42.000Uh, facing criminal punishments for that.
00:21:44.000I know in Alexandria Old Town, very close to where I live, they have these massive rainbow crosswalks with a little trans flag at the end of it as well.
00:21:55.000And every time I walk by it, I think, gosh, if someone rode a scooter on here, if someone left skid marks on here, They could very well face criminal punishment.
00:22:06.000You know, if we live in the United States of America, you would never think that we would get to this point.
00:22:11.000And it's part of the reason that I wrote this book is because I wanted people to understand the real gravity of what we're talking about here.
00:22:18.000We're not just talking about pronouns.
00:22:20.000What we're talking about, and by the way, a lot of Americans disagree with the pronoun conversation anyways, But with this gender ideology conversation, we're also talking about doctors and therapists forcing kids down this path, pushing them to believe that they can do the impossible to change their gender.
00:22:38.000The parents are also being manipulated and confused.
00:22:41.000And so I thought, look, we're going to tell the real stories of these people.
00:22:50.000And we can let people decide for themselves how they feel about this.
00:22:53.000So if you read my book and you still support pushing child gender transitions, there's probably something very wrong with you because this is brutal.
00:23:02.000It's really brutal and it's very sad, but it's really important.
00:23:06.000And these detransitioners have been so brave and their voices deserve to be heard.
00:23:29.000We don't have good numbers on these things because, uh, for starters, most kids who, well, most young people who detransition don't go back to their doctors and tell them.
00:23:41.000Because it's almost like if you were abused, you know, as a young person, uh, and you were repeatedly abused by an adult and you went back to the adult and said, Hey, I don't like that you abused me.
00:24:09.000they went through, let's say puberty blockers, they went through hormones, so testosterone for girls,
00:24:14.000estrogen for guys, maybe even went through surgeries.
00:24:17.000So that would be, let's say a double mastectomy for a girl where she gets her breasts removed.
00:24:21.000For a boy, maybe he gets breasts added, they're not actually being added because they're not real,
00:24:26.000but, and then potentially genital surgeries, hysterectomies, it goes on and on.
00:24:31.000And so at this point, you know, once they've gone down this path
00:24:34.000and they've really trusted these doctors, for them to be recorded as Z transitioners,
00:24:40.000they would have to go to the doctor and say, I regret this.
00:24:43.000I'm no longer living as a transgender individual.
00:24:46.000And the doctors would have to accurately record this.
00:24:49.000Now, there's a bunch of problems here.
00:24:52.000Most of these young people are afraid to do this.
00:24:55.000They don't want to go back to their doctors and tell them.
00:24:57.000They want to kind of just fade away, not interact with that abuser type of relationship anymore.
00:25:02.000B, the doctors are not honest about it.
00:25:05.000And I asked the detransitioners about this.
00:25:07.000They said that the doctors, they view a detransitioner coming back and saying that they're detransitioning as a sign that they failed.
00:25:14.000You know, they believe this gender ideology.
00:25:16.000They're promoting this gender ideology.
00:25:18.000So they don't want to hear about someone that's saying, Oh, actually, everything you're doing is a lie, and you're hurting kids, and I am living witness of it.
00:25:27.000So what they—they don't want to hear this.
00:25:29.000What they'll probably say is, oh, this is just part of your gender journey, which is what they told a couple of the people that I spoke with.
00:25:36.000And then the final point is, when you read a mainstream media article on this, or I like to say establishment media article on this, on detransitioning, what they will always say is that less than 1% of transgender youth or transgender people regret their gender transition.
00:25:59.000And what they're talking about there is a large group of people who currently identify as transgender.
00:26:06.000So they're living transgender lifestyles.
00:26:08.000That group got polled and asked, Do you regret your gender transition?
00:26:12.000And of course, since they're all living as transgender individuals and they like their lifestyle, they all said, no, we don't regret our gender transitions.
00:26:20.000And that's the statistic that's trotted out when we talk about detransitioners, which is dishonest and it's, you know, exactly the way the media usually works.
00:26:28.000What would be more honest is if you polled real detransitioners and said, do you regret what you went through?
00:26:35.000I would guarantee you the numbers would be much higher but unfortunately we don't have that kind of statistics because people aren't willing to do the kind of research that will contradict the going narrative.
00:26:46.000Lisa Littman is a researcher who's really amazing.
00:26:49.000She did a study on detransitioners several years ago.
00:26:52.000She's one of the only ones that has done this and she found that it was less than 30 percent, under 30 percent of detransitioners went back and told their doctors That they actually detransition.
00:27:03.000So that's a long ramble, but that's the gist of why we have such bad numbers on this topic.
00:27:09.000And you know, there's a huge portion of detransitioners, based on what I've heard from the people I've talked to and my own research on this, there's a huge population out there that's just not saying anything.
00:27:28.000They don't want to draw the hate of the transgender community.
00:27:32.000Which, you know, if you speak out, you will incur.
00:27:34.000And so they're hoping to just go back to normal lives.
00:27:38.000And so it's a very challenging situation.
00:27:40.000And I respect the bravery of people like Chloe Cole, Preisha Mosley, Helena Kirshner, Luca Hine, Abel Garcia.
00:27:49.000Those are the five main people whose storylines I follow in my book.
00:27:53.000And, you know, I think we can all applaud their bravery in speaking out, given what they've been through, how intimate and vulnerable their stories are, and the hate and vitriol that they get from the transgender community, from pro-trans lawmakers, just for daring to say, I didn't want this to happen, or I regret that this happened, and I'm sharing my story.
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00:29:30.000Well, I actually double-checked this word with the detransitioners in my book because I wanted to make sure that they were going to be comfortable with this really strong language.
00:29:38.000They told me they were completely on board with it, and I'll tell you why.
00:29:41.000It's because the way in which they are drawn into this craziness You know, as young kids, they're online, they're feeling lonely, at school they're not really fitting in, maybe they're on the autism spectrum, which is very common with kids who identify as transgender, and so they're looking for an identity, a way to fit in, and these gender activists find them online, and unfortunately, very much love-bomb them, tell them that they're so special, they're so amazing, because they are allegedly trans,
00:30:11.000And they draw them into this cult-like atmosphere where they're told, if anyone doesn't affirm you, including your parents, they hate you and they want you dead.
00:30:20.000And it's a very insular community where they tell each other, you're amazing, you're so brave, you're so persecuted.
00:30:27.000And they all become kind of part of this victim class, which is not something we talk about enough.
00:30:34.000You know, a lot of these straight white kids are very interested in being part of a victim class where they can finally feel good about themselves instead of feeling like an aggressor.
00:30:43.000And, you know, so once they ultimately go through these horrible procedures and come out the other side and realize, wait, I'm not happy.
00:30:58.000And at that point they're completely cut off.
00:31:00.000They're thrown out of the transgender community.
00:31:02.000They're told, They were never trans, that they're hateful, that they don't care about people, that they're bigoted, all these terrible things.
00:31:10.000And, you know, it's very cult-like to me, and I think the way in which these doctors and therapists treat the whole topic is almost like, well, it is an ideology, but it's almost like a religion, you know?
00:31:22.000Where we're talking about an issue that is very much up for debate, in fact, very anti-science when we boil it down.
00:31:30.000But it's treated as if it must be true without very little scientific evidence, research, or able to corroborate most things.
00:31:40.000And so it's, you know, that might be what we might say about certain things like our belief in God or our understanding of certain tenets of our faith.
00:31:49.000Some of it you do have to just believe.
00:31:51.000But when it comes to gender ideology, that's not the case, and yet it's kind of still what we're told.
00:31:56.000And so there's a lot of different aspects here that made me feel like this was the word to use here to help people understand the real gravity of what we're talking about.
00:32:06.000In closing here, Mary, how do we defeat it?
00:32:08.000How do we stop this child cruelty and butchering?
00:32:13.000Well, I think that telling the stories of detransitioners is an amazing way to get this out there.
00:32:18.000You know, the New York Times just did this massive story yesterday where they revealed that the Biden administration had worked with top transgender experts to remove age limits to get transgender surgeries.
00:32:33.000And I think that shows you, I mean, among many other things, we could talk about that all day, It shows you the extent of this absolute malpractice where these activists are working with lawmakers and other officials to silence dissent, to push this ideology, and to make it more accessible to kids.
00:32:51.000So sharing the stories of kids that have gone through this and then deeply regret it, I think is the best way to really help people understand the reality of what's going on.
00:33:00.000And, you know, sharing them in a truthful way.
00:33:03.000You know, I found that especially with this issue, you know, there's absolutely something to be said for coming at it in a partisan angle.
00:33:10.000But with these stories, you don't really even need to do that.
00:33:13.000You can just be very blunt and say this 15-year-old girl had her breasts removed before she had ever kissed anyone or held hands with a boy.
00:33:20.000She was not able to fully give informed consent.
00:33:22.000This other girl who had her breasts removed was so anorexic that she was excited to lose eight pounds through her Surgery and none of the mental health professionals she talked to had even thought to bring this up.
00:33:33.000These kinds of details just horrify people, you know, like this little boy went on puberty blockers and his genitals were never able to grow.
00:33:41.000So now he will always have shrunken genitals.
00:33:44.000It's just it's horrific and it's sad and I feel unladylike talking about it, but we kind of have to, you know, we need to shock people out of their apathy and help them understand this is real.