Trump Scrambling to Hide Horrific Economic Reports, Massive Crash Incoming

0:04Millions of Americans voted for Donald Trump because they have bought into the lie that he's a good businessman. And that is one of the biggest cons on the planet. This man is a trust fund baby who has squandered a lot of his money, who bankrupted casinos, bankrupted universities, complete scam artist who's always been bailed out. And he was about to go to prison unless he won president of the United States. And like all Republicans before him, they wreck the economy. my entire lifetime, every time we've had a Republican president, the myth is that Republicans are so good with business. They're not.

0:43They always wreck the economy and they deregulate it. The unique thing about Trump is he's done it in record time. In only 10 months, the Wall Street Journal, owned by Rupert Murdoch, one of the most conservative newspapers in the country, three days before the presidential election in 2024, said no matter who wins, they're inheriting an incredible economy. In record time, this man has just completely dismantled it, and he doesn't want anybody to know. He doesn't want the public to know just how bad it is. Pop this up. Newswire, U.S. third quarter advanced estimate GDP report canceled. Yet again, they want to cook the books, they want to make shit up, and they want to gaslight the public that somehow the economy is doing well.

1:33And there's just certain things they can't spend. You get your electric bill, you know what's higher. You get your grocery bill, you know what's higher. You're having a hard time making ends meet. There's not an amount of spin that can help you reconcile your checkbook in real time. I think I'm going to start doing that. If there's something I don't like, I'm just going to say, hey, I'm not going to put that out. We're not going to talk about that. If I confront something in my day-to-day life, that's my new thing. Just, ah, we're not going to do that report. It's going to look bad. We're going to look like shit.

2:03It's going to show that we've been grifting, that we're incompetent. Not going to go there. All right. I want to thank Josh for co-hosting for Pumps today while she's on vacation. So I started diving into this, Josh and listener, and there's a lot of cracks under the S &P 500. And some economists are predicting a huge crash is coming for the US economy, which makes sense as to why the Trump administration, who already has like a 32 % approval rating, completely underwater on the economy, that they would want to hide data from the public. Pop this up. Expert who predicted the dot-com crash says Americans could face a much bigger crisis soon.

2:51Albert Edwards has warned that there are some key elements which will make the fallout worse. And this is really something that I've been reading a lot about. I'm not an economist, but apparently there's this big AI bubble that's kind of propping up the stock market right now. And Kylie put up this next headline so I can explain it to you guys and Josh. the S &P 493 reveals a very different U.S. economy. Why are they calling it the 493? Because there are seven companies, all AI companies that are trading like billions and trillions of dollars back and forth. So if you remove those from the S &P 500, then you have kind of the real economy.

3:38And these seven businesses, you guys, they're all of the people that donated to his campaign, that are donating to his ballroom, that go sit in these horrible humiliation exercises where they have to sit and praise like, oh, you're so smart. Your leadership is incredible to Donald Trump. And here's an excerpt from this article that will help understand it. A group of trillion-dollar brands known as the Magnificent Seven, Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA, and Tesla has been at the forefront of those gains thanks in large part to corporate spending and intense interest in artificial intelligence.

4:23But economists and investors are raising concerns about the companies that aren't part of the AI investment boom. In other words, most businesses in the United States. An index that leaves out the seven high-flying tech firms, call it the S &P 493, reveals a far weaker picture as smaller and lower tech companies report lackluster sales and declining investment. So keep that up for just a second, Kylie. Amazon, Jeff Bezos, suck up, total suck up to Donald Trump, Apple, Tim Cook, Zuckerberg, Bill Gates, Elon Musk, the NVIDIA guy, all of these guys are suck ups to Trump. They all have the power to be the industry titans that could stand up to this fascist regime, but they're playing a short term game.

5:17This is really stunning to me. And this is why Trump in his bubble, Josh, he talks about the economy is great. Well, the economy is great for him because he's made like $8 billion in avoided prison, the president has. These guys, those companies have gotten$800 billion richer in these 10 months. And Elon Musk, after doing a SIG Heil, probably doing a bunch of illegal shit with Doge, got rewarded to be the world's first trillionaire. It's breathtaking. And you see that these leaders of these corporations, the idea here is to consolidate power amongst very few wealthy individuals. And, you know, that's that puts you on track for authoritarianism in this sort of government led regime of President Trump.

6:14and it's very dangerous. It's very dangerous for middle-class America. And what's ironic about this is that the base of President Trump is middle America, rural America. And none of these people are going to profit from this. And when this does hit, when this decline in the economy hits, Trump's not going to have any sort of cover left. That's the only thing that he has right now is his claim that he's a businessman and some cover. But when that hits, it's ball game over. You're going to see all these other Republicans running for the woods to get away from him. And it's just a matter of time.

6:48And this artificial intelligence, you guys, you need to understand this. All of these people started backing Trump because they want unregulated artificial intelligence. There are stories all over the place of people having psychosis from having too much interaction with artificial intelligence, teenagers that are lonely and isolated, having a relationship with artificial intelligence and then committing suicide with the assist and advice of artificial intelligence. There are chatbots and teddy bears for toddlers that are, they're starting to have inappropriate conversations with a teddy bear chatbot.

7:29This is what government is for. Government is to keep us safe and regulate us from capitalism's worst impulses. And all of this business about the immigrants taking your jobs, you guys, that was the biggest lie ever. These seven tech giants, the AI is what's going to take all your jobs. They want to have a ruling oligarchy class, and they want AI, all of their robots to take everybody's job. And the psychological effects from us becoming disconnected. And just think about how different our lives are after social media and the internet. We're not as connected. This is even worse. These people are not industry titans that should have this much power.

8:18This is terrifying, absolutely terrifying for our future. And then to also prove that MAGA and Trump doesn't give a shit about working class people, and they roll out RFK Jr., Maha, make America healthy again. All these guys do is use talking points to scapegoat minorities, scapegoat gay people, scapegoat Black people, and make you think they're the ones that are causing all the problems and they're the ones taking all the jobs. The Republican Party has done this for decades. Wealth has never trickled down because all they do is enrich corporations and they do it rather brazenly. And so I want to point out here that Maha, pop this up Kylie, the EPA has approved two new pesticides with forever chemicals that will be used on food.

9:08The agency has also announced plans for four additional approvals. And Melanie DiRaggio responds to this reporting saying when Republicans say deregulation, they mean things like adding poisons to your food because it's more profitable for the companies giving them campaign donations. And this is something you hear a lot in fiscal conservative circles. We have to get away from these regulations. They prevent us from making money. They prevent us from doing business. They're not regulations. They're safety measures. These regulations keep the public safe. You do not want corporations putting forever chemicals that cause cancer clusters in your food.

9:55And we made the same point earlier about AI and some sort of government regulation of AI. It's the same thing. Like, can you buy your way out of any sort of regulation? That's what we're talking about here, where it all stems from money and profitability for this administration. If you have enough money, you can buy your way out of being regulated. You can get a pardon. You can do anything you want if you have a lot of money. I mean, the people, the American people at some point are going to see this and call it for what it is. Listener, the holidays are here, which means the kitchen is officially center stage.

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11:12So listener, For a limited time, Hexclad is having a huge holiday sale. Head to H-E-X-C-L-A-D.com to get up to 50 % off. If you've been waiting for the perfect time to buy, this is it. That's Hexclad.com for up to 50 % off. After you purchase, they will ask where you've heard about them. Please support our show and tell them that we sent you. And it's amazing. It's really amazing how so many working class Americans have bought into this narrative that wealth will trickle down, that these magnificent seven companies, that all of these guys deserve more money because their wealth is going to trickle down.

11:58Their wealth will not ever trickle down. And in fact, they're going to take away so much of the labor force, replace it with AI. It's also been a complete lie to you that Robert F. Kennedy Jr. gives a shit about health when we have forever chemicals getting approved, when we should be moving away from chemicals and moving towards, if we know something causes cancer, we shouldn't be putting it in food. But in Trump's administration, if the cancer-causing chemical companies can give him billions of dollars to get him elected so that he can avoid prison time, they're going to get approval. And this is the biggest lie.

12:39The Republicans have been brilliant in getting working class people to vote against their best interest and to fight against safety measures that will keep their families safe and to fight for tax loopholes for these companies that are utter parasites. These magnificent seven companies are absolutely parasitic. And just, I have to point this out. Elon Musk, this big anti-immigration guy, huge immigrant. All right, moving along. I want to leave you with the United States right now because Kinks is really compromised by Russia. As I have illustrated in this episode, the economy outside of Trump's BFFs, the magnificent seven that go kiss his ass at the White House every day, is in absolute tatters.

13:28So what is he going to do? He's going to start a war in Venezuela. This is going to be, let's go to war for oil, a la George W. Bush style again. But this time, they're just admitting it. They're admitting it outright. Play the clip. Love to see a change in government. My wife's from Nicaragua. We know how terribly the dictators there rely on Venezuelan oil. But but at the same time a lot of Americans don't want actual U.S. participation in in regime change in Venezuela. They would much prefer the Venezuelans to do it on their own. Do you think the pressure that Maduro has received will force him to leave on his own.

14:11Oh I think Maduro is not Fidel Castro. Maduro is not a brave boy. So now that he has understood that he is on that very nefarious list of the terrorist organization, that the airspace above Venezuela has been closed off and the commercial airlines from the United States are not flying. He's understanding that we're about to go in. He understands that he is he has been our enemy for the last 25 years. Venezuela, for those Americans who do not understand why we need to go in for three, basically for three reasons. You're in Fox business. Venezuela for the American oil companies will be a field day because it will be more than a trillion dollars in economic activity.

14:56American companies can go in and fix all the oil pipe and the whole oil rigs and everything that has to. OK, she just said it. This is going to be a field day for American oil companies. And let me tell you, as two people that live in a red state where you have a government, Governor Kevin Stitt, who constantly gives tax breaks to these oil companies. Harold Hamm was one of the richest Americans in the country. He's giving a shit ton of money to Donald Trump. He's donating to his ballroom. These are not people they're going to let their wealth trickle down. This is another big handoff from Trump to billionaires, and he makes sure he's giving it to everybody.

15:43Big oil, big pharma, big chemical, big church, big everything. He is benefiting every single one of his billionaire friends. And guess what? But he doesn't give a fuck if American soldiers go over there and die, as long as American oil companies can have a field day and make a shit ton of money. And then they're going to use patriotism and they're going to call everybody in Venezuela terrorists to get middle America on board with this. Meanwhile, all of the fracking and all of the things that these people do are poisoning the water wells in the United States of America. It's just utterly embarrassing.

16:27But at least this time, unlike George W. Bush, they're just admitting it. Yeah, it's financial. It's for money. She said a trillion dollars. It's going to be a field day. We're not even getting to the fact that this is an illegal war and the civilians are just being murdered by the government. So we haven't even gotten to that aspect of it yet. But it's, it's again, another, it's a deflection by this administration, like you said, to take away from the other things that are going on. But ultimately, like everything else, it's financial. If we go in and take over Venezuela, it's for money, it's for oil.

17:02And she said it, she admitted it. All right. That's all we have, Josh. Thanks for subbing for pumps while she's on vacation with her children. Please subscribe, buy our book. It's a great way to support our show. Life is a Lazy Susan of Shit Sandwiches is linked right below in the show notes, and we'll be back later with more news.