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

Harmful content

Misogyny

4

sentences flagged

Toxicity

3

sentences flagged

Hate speech

2

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, we talk about how to address the affordability crisis in the U.S. economy and how to fix it. We also talk about the impact of quantitative easing and the impact it has on the stock market.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
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. 0.99
00:01:04.640 This sucker is great. 0.98
00:01:05.840 Just look at the stock market. 1.00
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. 0.59
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. 0.98
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, 0.67
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. 0.60
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, 0.83
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.
00:11:00.540 And if you want to watch the entire podcast,
00:11:02.880 click here.
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