S5242 - Inflation Hits Near 40 YEAR High As Economy Crumbles Under Democrats & Biden, Democrats Fear A GOP Red Wave Is Coming
Timcast News
00:00
Inflation Is Good for the One %, but Helps Out Most People
Inflation is bad for the one %, but helps out almost everyone else. John schwartz: These people are disgustingly evil. Inflation is gutting them. It is destroying their savings. It is beating them down. Meanwhile, the top one % are holding on to hard assets that are accruing in value inflation Is not bad for them. They simply say, i've got millions of hard, liquid us. Dollars. What do i do with it? They'll buy a painting. They'll buying a car. And by property. My property value has only gone up. But for somebody who's working pay check to pay check, who's making 12 bucks an hour
Play episode from 18:57
Transcript
