Valuetainment - November 21, 2025


＂STOP Saying The Economy Is Booming＂ - Will America's Affordability CRISIS Decide The 2026 Midterms？


Episode Stats

Length

11 minutes

Words per Minute

202.57993

Word Count

2,319

Sentence Count

198

Misogynist Sentences

4

Hate Speech Sentences

2


Summary


Transcript

00:00:00.000 How do you address the affordability challenge right now, going into 2028?
00:00:03.660 Both parties have to address the affordability issue, right?
00:00:08.300 Midterms is around the corner.
00:00:10.040 With midterms being around the corner, we're 12 months away from the midterms.
00:00:12.820 That's where we are.
00:00:14.440 I want to say Calci, and Calci is saying, give or take,
00:00:19.340 I want to say it's Calci that said this,
00:00:21.560 that 70% likelihood that the Democrats are going to win the midterms next year.
00:00:28.240 It's going to be a plus-minus more Democrats than it is going to be with Republicans.
00:00:31.760 That's what the numbers are at.
00:00:32.840 It could change right now where it's at, but the last time I saw it was at 70%.
00:00:35.900 So if it's going right now, yeah, there you go, 72% Calci has Democrats winning versus,
00:00:41.860 and by the way, the closest it got was when, a couple weeks ago, what was the number?
00:00:45.760 55, 50, okay, but it's pretty much Democrats.
00:00:48.100 All right, so you guys are consultants to both political parties.
00:00:52.020 They want to find out how do you fix the affordability issue.
00:00:55.220 How do you do it, Jeff?
00:00:56.160 Well, one thing you've got to stop doing is to make the same mistake
00:00:59.140 that politicians have been making since the pandemic hit,
00:01:01.600 and really going back further than that, is to say the economy is booming.
00:01:04.640 This sucker is great.
00:01:05.840 Just look at the stock market.
00:01:07.000 That just pisses people off more than anything else.
00:01:09.060 You want to know why there's a socialist as mayor of New York City?
00:01:11.740 That's why.
00:01:12.700 Because people don't have jobs.
00:01:14.180 They don't have enough income to pay for things.
00:01:16.000 And here you are telling them how great everything is.
00:01:18.520 Well, if this is great, sign me up for socialism.
00:01:21.240 That's one thing you've got to stop.
00:01:22.560 We've got to stop saying the economy is booming,
00:01:25.440 and this tracks with political parties all over the planet.
00:01:29.300 You look at countries around the rest of the world.
00:01:30.860 You look at Germany.
00:01:32.160 Germany just changed governments.
00:01:33.440 It's already incredibly unpopular because they said,
00:01:36.360 well, we're going to do this major fiscal spending push.
00:01:38.540 We'll call it a bazooka.
00:01:39.900 Massive, huge, $500 billion euro fiscal stimulus.
00:01:43.500 Not going to do anything.
00:01:44.680 It's all theater.
00:01:45.940 You've got to stop with the theater and start attacking the Band-Aid.
00:01:48.720 Give me two more.
00:01:49.380 Two more.
00:01:49.820 Give me three ways to do it.
00:01:51.340 If you're the consultant, I'm the government.
00:01:53.160 Start being honest.
00:01:54.080 Okay, start being honest, which is going to be hard.
00:01:55.700 But what's the next one?
00:01:56.520 The next thing is to get the hell out of the way of the private economy.
00:01:59.580 We have way too much government interference.
00:02:02.020 One of the biggest problems that we've had since 2008 or 2009,
00:02:05.440 what they call nowadays fiscal dominance,
00:02:07.740 it's simply that every time the economy stumbles, what happens?
00:02:11.080 We need a stimulus package.
00:02:12.600 We need the government to come in and do tax cuts and massive spending.
00:02:16.020 TARP.
00:02:16.440 We'll fix it.
00:02:17.620 That's where it started.
00:02:18.600 That unleashed the debt monster.
00:02:22.060 And that's what we need to say.
00:02:22.920 We need to stop government creeping into every aspect,
00:02:26.540 not just economic life, but the bigger the government gets,
00:02:28.980 the more it gets involved into your social life too.
00:02:31.820 So we need the government to get the hell out of the way of the private sector
00:02:34.540 and stop thinking that it's going to fix every problem with this law
00:02:37.900 or this Band-Aid or that Band-Aid.
00:02:40.120 We actually need the government to do what it was supposed to do
00:02:42.400 when it came into office and say get the hell out of the way.
00:02:44.460 Well, I mean, it looks like what could be happening here is it could be that
00:02:50.300 they want to take the interest rates back to zero, lowering it,
00:02:53.800 which we talked about it off camera when Tom was talking about every time
00:02:58.620 they lower the rates to zero, and it stays at that for two quarters,
00:03:03.920 the whole quantitative easing, if you keep it at two quarters,
00:03:07.060 seniors who are relying on the money that they're getting as interest rate
00:03:10.860 cost them $70 billion.
00:03:13.460 So for instance, if I got $2 million in an account and I'm 72 years old
00:03:18.140 and I'm getting 4% income off of that, I'm just making up a number here,
00:03:21.720 2,004%, 80 grand every year, babe, we're not tapping to our savings,
00:03:25.200 we're just living off the interest, 2,080,000 a year,
00:03:27.920 as long as our lifestyle is $6,600 a month, we're going to be okay,
00:03:31.760 we're going to be, oh, that's perfect, babe,
00:03:33.420 and then they do quantitative easing, and then they go to zero.
00:03:36.260 And then that 4% that was giving me $80,000 a year and now goes to zero,
00:03:40.820 I'm getting zero.
00:03:41.500 So now my $2 million becomes $1.92, well, my $9.2 becomes $1.84,
00:03:46.160 and the next thing you know, it took $70 billion away,
00:03:50.680 $71 billion away, give or take, from the seniors.
00:03:53.580 But Tom, going back to you, how do you fix the affordability issue?
00:03:57.400 Okay, I like what he said.
00:03:58.500 He said, number one, messaging with truth.
00:04:00.040 Number two, theater, can you fake it?
00:04:02.000 Number three, get out of the way, you know, on regulation.
00:04:04.340 Iowa, so that is, those are more broad.
00:04:07.920 Let me go more narrow so that we kind of complement each other here.
00:04:10.840 Right now, Americans are feeling a pinch for two simple reasons.
00:04:16.760 Inflation jumped under Biden because he printed all the money, number one,
00:04:22.840 and those prices never came back down, especially cost of housing.
00:04:26.460 What can you do to help right now?
00:04:29.320 I believe what I'm seeing in the labor market and things,
00:04:32.400 the Fed, who's been looking at these figures
00:04:36.040 and right now doing a head fake on people.
00:04:38.520 And by the way, I looked it up today on some of the markets,
00:04:42.120 the Calci market today.
00:04:44.700 It says it's only 50-50 to even get a 0.25 cut.
00:04:49.060 And by the way, economists, the CME Watch Group,
00:04:51.600 just go to CME Watch, Fed Watch.
00:04:54.720 Yep, CME Watch Tool.
00:04:56.220 Take a look at this.
00:04:57.360 These are everybody listening and watching the Fed.
00:04:59.180 They're at 50-50.
00:05:00.760 They only believe there's a 50% chance of a 0.25 cut by Powell in December.
00:05:06.060 There needs to be a half a rate cut and then hold, hold,
00:05:10.680 and let that help people.
00:05:12.180 Also, you know who that helps?
00:05:13.380 That helps the Estados Unidos,
00:05:15.040 who has a great big giant refi of T-bills coming in the first quarter,
00:05:20.140 end of first quarter, I believe.
00:05:21.260 It's a giant stack of T-bills have to refi in the first quarter.
00:05:24.640 If you move the interest rate down, now Trump's government budget can refi those at a more moderated rate.
00:05:32.060 Now, let's go to the consumer.
00:05:33.520 Power and food.
00:05:34.820 What he just did is taking off the tariffs on fruit products, fresh fruit, and some things last week.
00:05:40.000 Very important.
00:05:41.240 Very important.
00:05:42.220 Now he's got to go to protein, chicken, pork, and beef.
00:05:44.900 You've got to figure out how we help those prices come down for the consumer.
00:05:49.920 And the next one is power.
00:05:51.840 Right now, data centers, or I'm going to get pissed off,
00:05:54.740 data centers are being built not with profits but with bonds.
00:05:58.780 I looked at it last night.
00:06:00.260 It was up until 1 a.m., and I realized just how much of this data center build out is being bonds.
00:06:05.540 And they said, oh, we're making so much money on this and so much money on AI services.
00:06:09.020 They are, but they're doing it.
00:06:10.440 And what they're doing is they're creating excess demand for a limited supply of electricity,
00:06:15.500 so the price is going up.
00:06:17.300 You take a simple stroke of the pen.
00:06:20.020 All it takes is Trump to do this.
00:06:21.800 Part of your bond has to be a two-year subsidy on the excess electricity that you're using
00:06:27.880 so that the communities that are getting the benefit of jobs,
00:06:31.020 there's a few jobs for construction and people that actually work at the data centers,
00:06:35.440 that their local electricity prices don't go up.
00:06:39.100 But don't do it as a government subsidy.
00:06:40.600 Don't do it as a tax credit.
00:06:41.960 Say, look, you want to build the data center?
00:06:43.480 Then you either have to do what Google did and what Oracle did where they build the small nukes.
00:06:48.240 You know, they got the permits for the small nukes right next to data center.
00:06:51.120 So that's Google and Oracle saying, well, I'll just build my own power right here
00:06:54.900 because there's not enough power for me to buy, and I'm going to build my data center.
00:06:58.860 The other way I build the data center, power is right over there.
00:07:02.220 Fantastic.
00:07:02.900 Chesapeake will give me the power.
00:07:04.520 I think Chesapeake operates Three Mile Island.
00:07:07.420 Right now, how much percent of their Chesapeake's output for the restarted Three Mile Island
00:07:13.460 has Microsoft bought for the next five years?
00:07:16.700 100%.
00:07:17.260 They're buying 100% of the output of the Three Mile Island power plant.
00:07:21.640 Microsoft is doing it.
00:07:23.580 So food, electricity, and interest rates right now,
00:07:28.640 and interest rates will help the credit card balances,
00:07:30.400 but the power would be very simple saying, hey, if you're building these data centers,
00:07:34.740 you either have to build your own power or you need, as part of the bonds,
00:07:38.500 you need to do a two-year prepay.
00:07:40.600 I got you.
00:07:41.220 Brandon, how about you?
00:07:42.080 All right.
00:07:42.460 So easy.
00:07:43.420 You've got to create a national gold rush around the idea of building homes.
00:07:46.580 Like, I don't want to hear anything about the 50-year mortgage
00:07:48.280 or the portable mortgages or anything like that.
00:07:51.200 Like, cut taxes to zero for home builders.
00:07:54.880 Subsidize people who want to do it.
00:07:56.320 Create incentive programs where you can apply for a low-interest government loan
00:08:01.200 to build a home, and then you don't get taxed on it once you sell it.
00:08:03.660 But these homes have to be protected from the acquisition of companies
00:08:06.960 like Blackstone and Blackrock because that's another thing pushing the price up.
00:08:10.200 So I don't want to go all, you know, communist or whatever
00:08:13.720 and say you can't buy houses, but the new houses, like, from this point on,
00:08:18.320 like, maybe for the next five years under this program,
00:08:20.900 can't be bought by a company because there's, like,
00:08:22.660 like a $4 million home shortage in America for these type of homes.
00:08:26.880 Cut zoning laws, remove regulations around lumber.
00:08:30.020 Like, we have, like, the second most lumber out of any country in the world,
00:08:34.260 and we have a lumber shortage somehow for building homes.
00:08:37.380 And then, like, we only produce 2% of the world's cement.
00:08:39.280 So the government couldn't invest and subsidize in companies
00:08:42.920 that want to become a cement company.
00:08:44.060 It costs, like, $500 million to become a cement company.
00:08:45.860 We used to produce, like, 80% of the world's cement.
00:08:47.980 Now today it's 2%.
00:08:48.860 China produces 50%.
00:08:50.560 You know, so that's for housing.
00:08:52.600 And then I would say for food, you know,
00:08:55.260 why not, like, invest in stuff like vertical farming
00:08:57.800 and not be so reliant on, like, the traditional farms?
00:09:01.400 Why not subsidize the ranchers who, like,
00:09:03.420 are getting crushed by the big four beef companies?
00:09:05.860 And investigate these big four beef companies
00:09:07.280 who are kind of sketchy, by the way.
00:09:08.460 I think two of them aren't even domestic companies.
00:09:10.920 So they, like, lowball the hell out of these ranchers,
00:09:13.260 and that's why there's, like, such a shrinking supply of beef.
00:09:16.120 If you've got big plans for 2026,
00:09:17.800 I am telling you right now,
00:09:19.560 I can't tell you how many conversations
00:09:20.580 we're having about business planning.
00:09:21.800 There's a reason why we went less than 22 hours
00:09:24.720 to Dallas and come back
00:09:25.640 because we want to see exactly what's happening with 2026.
00:09:29.020 We're planning for our family,
00:09:30.440 for our businesses ourselves.
00:09:31.740 And if 2026 is a big year for you as well,
00:09:33.940 I want you to watch this clip.
00:09:35.200 Rob, can you go to the clip with the Jenga
00:09:36.860 to show them what happens
00:09:39.080 when it comes on to business plan
00:09:40.820 and how all of these things are necessary?
00:09:43.080 Go ahead, Rob.
00:09:44.240 Business is a lot like Jenga.
00:09:45.740 Every piece matters.
00:09:48.140 You need a vision.
00:09:49.720 Do this carefully.
00:09:51.780 Ooh, foo-foo.
00:09:52.800 You need capital.
00:09:54.200 You definitely need capital.
00:09:56.720 Let's put this here.
00:09:57.420 Ooh, listen, I'm hanging on one piece here, by the way.
00:09:59.900 You need the right team.
00:10:01.520 For sure.
00:10:02.580 This almost fell off, by the way.
00:10:03.720 You need sales.
00:10:05.880 As good as this looks,
00:10:07.560 if your foundation isn't built
00:10:09.780 on a good business plan,
00:10:12.240 you know what happens?
00:10:12.960 The whole thing crumbles.
00:10:19.680 If you have big plans for 2026,
00:10:22.640 on December 12th,
00:10:24.400 I'm hosting an event called
00:10:27.000 the Business Planning Workshop,
00:10:28.560 where all day,
00:10:29.900 we go through the 12 building blocks
00:10:32.160 of writing an effective business plan.
00:10:34.460 So this doesn't happen to you.
00:10:36.100 If you haven't yet registered,
00:10:37.280 click on the link below.
00:10:38.440 Let's spend an entire day together
00:10:39.960 on December 12th.
00:10:41.560 Looking forward to seeing you there.
00:10:43.320 Folks, click on the link below.
00:10:44.860 Get registered.
00:10:46.320 You can watch it with your friends, family.
00:10:48.300 And this is going to be people watching.
00:10:50.020 It's from 100 plus countries.
00:10:51.300 And you can find a way to just get registered
00:10:52.880 at the lowest level,
00:10:53.620 or you can find a way to be on the screen
00:10:55.020 so everybody can see each other.
00:10:56.040 And at the end, we'll do a Q&A for 90 minutes.
00:10:57.840 If you enjoyed this video,
00:10:58.780 you want to watch more videos like this,
00:11:00.160 click here.
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