Released recently from the government so you know its one take but were going to look at this take because i think it brings up some good points its a tweet stream from orrin cass hes the executive director of American Compass whose stated mission is to restore an economic consensus that emphasizes the importance of Family Community and industry to the nations liberty and prosperity so there is that heres this 1st tweet im going to read some of them of this 16 thread tweet how is it that our Economic Statistics suggest workers have been making slow but steady progress in recent decades while popular perception is that their Family Finances are coming under increasingly untenable pressure ive been working on this and here is my answer punchline popular perception is correct in 1985 the typical male worker could cover a family of 4 is major expenditures Housing Health care transportation education on 30 weeks of sad. By 2018 it took 53 weeks which is a problem as there are only 52 weeks
I am x. Kaiser this is the kaiser report max and stacey are in las vegas a lot of political things are happening here lets get the lowdown states well we are in political season max in fact when you and i landed here in las vegas who was on the runway the president doesnt show him literally on the runway but is playing air force one was on the runway and that was our meeting our arrival here in las vegas saying air force one again weve seen it of 2 or 3 times on our travels and its very impressive its a great prop when youre running for president and thats some of the all that what you have when you are president is the bully pulpit and thats going to weigh heavily in this 2020 election well in the nevada debates there was something that Bernie Sanders said on stage when he was you know going back and forth with mayor bloomberg when mayor bloomberg imploded on stage you know they were talking about billionaires and the problem with billionaires d and should billionaires exist i tweeted
Have when you are present as the bully pulpit and thats going to weigh heavily in this 2020 election well in the nevada debates there was something that Bernie Sanders said on stage when he was you know going back and forth with mayor bloomberg when mayor bloomberg and imploded on stage you know they were talking about billionaires and the problem with billionaires and should billionaires exist i tweeted that i said is the u. S. Federal reserve bernie you cosponsored an audit the fed bill talk about the cantillon effect how did bloomberg go from a net worth of 3000000000. 20 to 60000000000. 00 in 2020 at least half of that game in my opinion is from q. E. The problem is that nobody really knows anything about money so its hard to explain money i remember back on this very show 7 or 8 years ago when we talked to activist groups like greenpeace about the money they had 100000000 euros in the bank and i was explaining to them you know the bank is just using that to lend it to exxon and in
Because its too confusing and same thing with certainly the democrats i mean the republicans have a reputation as knowing a little more about money than the democrats but the democrats are always very confusing and so Bernie Sanders is just out of a tradition hes talking about socialism which again is a its a its a model based on it in comprehensible. Non existant theory about money you know this is obviously a theme over and over on kaiser report of the role of Central Banks in sowing. Chaos and discord that the democrats and their media keep on blaming on other nations so that cantillon effect which allows you know the printing of money that inflates asset prices like stock prices like bond prices like. Real estate prices especially at those the closer you are to the money printers and theres no bigger money printer than the new york fed so if you live near the new york fed your properties going to be expanding paris london all the big cities across the world hong kong maybe hong kon
Was explaining to them you know the bank is just using that to lend it to exxon and in fact by you keeping the money in the bank youre doing a lot of damage that you say youre trying to fight against but they the respondent from the head of greenpeace was well nobody understands money you know we cant really incorporate that in our in our material or descriptive of what we do because its too confusing and same thing with certainly the democrats i mean the republicans have a reputation as knowing a little more about money than the democrats but the democrats are always very confusing and so Bernie Sanders is just out of a tradition hes talking about socialism which again is a its a its a model based on a in comprehensible. Non existant theory about money you know this is obviously a theme over and over on kais the report of the role of central banks. In sowing the chaos and discord that the democrats and their media keep on blaming on other nations so that cantillon effect which allows