so ready, t, uh, the ideas came to a logic stands for must go, it was the most common around them. it was the idea of having a, another you to a country in europe next to switzerland. and this was always a privilege. and it's, it's not something that is a given, it's something that was based on my, to match or a treat. uh so, uh, the austria neutrality is, uh, somehow, is that the right thing? unfortunately, it's not only in, in this symbolic absence of an austrian diplomatic participation today, it is reflected in many, many actions, unfortunately in many statements by, from the federal presidents to too many other cabinet members. so i can only be paying for that. but uh i,

i think there is a tremendous ignorance as confusion by many by many people in the leadership responsibility in austria. and, uh, its uh, they have not only missed all the on history they, they are not aware of the austrian, because obligations. it's really about a week of vacation to fulfill um this uh, new tonnage policy. its uh, the toothbrush neutrality states has its totally different from switzerland. so uh, not knowing how to act and not knowing how to, to conduct uh as a neutral for his c. uh, i think uh, in the long run it would be to the detriment of the country because a lot of privileges are connected to acting as a neutral country. this means being voted to international organizations. and i

wanted the, um, uh, what would be the, the item is outcome of all that. a thank you so much for speaking to us today is always good to have on the account tonight. so for my austrian foreign minister, on the head of the gold key center at some features back state university. thank you. thank you. good evening. and thanks to you for joining us this too. so that's all from me for today. mazda call che, will be with you in about 30 minutes to bring to the very latest wells news ok. days i was watching the, the right here. the economy is on the brink. now our economy is what are the envy of the world president bite and during his at 2024 stated, the union said under his policies, the american economy is literally the envy of the world. what would the cost of

every day items consumed by americans as a by 18 percent? since the day he took office for the economic data support president biden's class . so i know he was it on this edition a story. we're going to discuss the factors which are contributing to this rise, and if it is fair to put the blame on present 5, let's get started. the president joe biden has 2 obstacles standing in his way of re election. his failure at the border and the crippling inflation caused by his self termed vida nomics agenda. that's by nomics. now central banks around the world are lowering borrowing cost as a global inflation eases for most emerging economies. yup. would most americans

paying more for everything they consume on a daily basis and interest rates at a 23 year high economists are baffled as to why the american economy is not even in a recession. now inflation stay at 1.4 percent the month bite and took office and then sky rocketed to 9 point one percent of june of 2022 all before falling to 3 percent a year later. but it has been stuck near the still elevated rate since the president's critics have also done this phenomenon by the inflation. now, record interest rates sitting at about 5 percent. the economy has come to stand still. inflation is still too high. a further progress in bringing it down, it is not assured and the path forward is uncertain. we're fully committed to returning inflation to our 2 percent goal. restoring price stability is essential to achieve a sustainably strong labor market that benefits all federal reserve chairman drone power claims. recent high inflation hasn't made it less likely. we will see

interest rates cut in the coming few weeks and months to restrict the recent data have clearly not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve that confidence. and initially the fed had predicted 3 rate cuts and for 2024. but the fed was to see inflation lower to 2 percent before they make any more cap of reducing rates too soon or too much could result in a reversal of the progress we've seen on inflation. and ultimately require even tighter policy to get inflation back to 2 percent without those. 8 mortgage rates are at record highs and getting alone can feel almost impossible. developers are holding new construction. well, business and apartment buildings stand empty. meanwhile, food, groceries, gas, rent, and every other day to day items continue to skyrocket. making only a new home and even having children fill out of reach for some, making the american dream even more out of reach. meanwhile, there's

a legal immigrants are giving luxury contents, credit cards for centrals and free education, or public school system without paying taxes. subsidies like washington dc are now allowing those illegally in the country to vote in elections. well, let's discuss a, joining us now. our political commentator and radio has garland nixon and tax attorney and chairman of the americans prefer taxation. steve hayes, thank you so much for joining the welcome to the show today. i want to serve you, steve, on this one because inflation continues to be a big problem in the us. do you think it's fair to blame all of it? i'm president biden. a lot of it, not all of it i, i heard the congress somewhat accountable as well. because even though there is been removed by many republican members and not very many, but the freedom cox is primarily to reduce spending, there really hasn't been any appetite to bring spending down. and then you see that

things are being passed through congress to continuation yes, it's less than the president would have liked, but it's still there. but i think you have to look at this great increase in spending federal spending the debt as a large reason and you've got people paying on an average $12000.00 a year or more. they're having to finance things than they were 4 years ago. you've got prices up in a lot of items, hundreds of items by over 50 percent. some of the price is a didn't go up. there are fewer of the same. ok you're, it goes in the package and there were before shrink. you know, what do i say? right? yeah. so what you guys is a situation where i think a lot of it's coming from the top from the president, but i think we have to spread the blame he fully around because you've got a lot of people who are participating in what i believe is going to be your race to the, the cliff and over the clip. well, that's the thing, darling. do you think

a lot of people actually realize this is happening, or we can say inflation sir, do you think they're actually noticing it? because it's just a few pennies here. a few pities here, where do you think people realize that inflation is really taking a large impact, like you said, $10.00 to $14000.00 annually out of their normal household budget? um, absolutely, because you know, a most friends and neighbors that is the, um, that is the most significant issue that i hear discussed the cost of things, the price of common goods that they need as you know, household goods, fuel, etc. so i think that that is a, it is significant to people. i think that what we're seeing is with the, by the administration and administration that focuses everything on their crazy world hid gemini plan, to, you know, contain china rush or whoever. and that part of what we're looking at is backlash from that, whether it's fuel prices, whether there's issues with china, rather than focusing on how they can make life better for the american people. they are just spending money on the weapons taking actions that are detrimental to

prices at home. so you would obviously advocate for more policies here in united states centrally. but is that kind of a pipe dream? do you actually say, democrats or republicans actually putting money back into the american economy? when it's so much easier to spend it abroad? what would the fact of the matter is if we're honest, they have completely abandoned the american economy, the ruling elite or at this point have, i mean, politically, ideologically, are not align with their constituents. in particular, i would say more. so the democratic party then the republican party as a whole and, and the, and the element of the republican party that is aligned with the bottom administration . they have no focus whatsoever on the needs of the american people. and i think there's going to be some significant prices to pay for the that's gone next november. well, that's the thing, stay we're the worry all. we are an election year. and as you talked about, the latest budget bill as up to more than one trillion dollars being added to the us debt, it's been passed by congress. do you think us congress actually knows or even cares

about the inflation issue besides just a campaign? speech r r, i will tell you what i believe in girl. and mentioned, this is the leads, you know, the payments are not famous. but again, for most perhaps recipes and poll showing that i'll be a lead switch. he defined, i believe, is making over 850000 from one of 8 universities living in the metropolitan center . they routinely met in the poll. like 60 some odd percent, is a politically active ones. it's okay to cheat on the election. and the reason behind this is because they know better than we do. they're the ones that are advising people because people like you people, i, garland, people like me. we're just not smart enough. because if we were smart enough, we wouldn't question anything they do because it's all being done for us. so i think it grows actually right. the big problem. and it's not even talked about which is funny, but a lot of the people advising members of congress,

or advocates of what's called moder monetary theory, under modern monetary theory, which actually was helped in the early 19 hundreds, data sets don't matter. as long as you spend money for infrastructure and things and taxes are only used to control inflation. so you've got a lot of diesel rates and they're advising members that are telling them don't worry about the definition. it's ok. don't worry about it. but you see the interest rates going up to finance the data sets. you see a huge shift down in the number of foreign countries that are willing to bet on the us by buying long term debt. we're becoming a situation where the bad thing is forcing all of us individuals to compete with government bonds for finance. and, you know, obviously government pots are kind of be in a much better rate because they're supposedly guarantee what they're thinking. okay,

it's dave, just problem. i my next part of this because what role is the fed playing in everything that's going on right now in house, in helping to give us remedies to actually tampered down inflation? we'll see the problem is the said only has one tool. you know, it has 11 tool for a very, very complicated problem. they can raise and lower interest. you obviously your printer, that's why you all they are. yeah. unfortunately, print body. they don't even need that anymore. they just need a keyboard. you just put a, you know, put a, a period and lots of zeros behind it. but i think what we're looking at also is what the government is spending on. you know, if the government actually, let's say they build, they put money in the infrastructure of schools, things like that. at least you get a multiplier effect. you get a better educated workforce, you know, you get right. but you can transport uh, equipment with better railroads. but when you only spend it on military, like they did one, and there was a lot of the american about exactly what the problem is when you make military product, you can store, or you can blow them up, they are a, they are inherently inflationary. so even the spinning they are doing billed,

they're claiming that it's going to create jobs. it is inherently inflationary. and might i add, if it were going to create jobs, which it is it to, the jobs would be in the future because the military industrial complex does not have the ability to produce the things that they're purchasing a meeting in the immediacy. so the money goes into their accounts and they say, i will get to this stuff in a couple of years. meanwhile, will keep this money and buy back our own stocks or something like that. well, once again, it's just circling back to itself, steve, that's the problem. with all of this, it's like if you're the new, the elite that we were talking about, they are living in a whole different world that i think what most people are having to do. so therefore, do they have a real clue that this is going in? do you actually the fed so that they were gonna actually cut 3 and 3 times this to your now they're saying they're not using a rate cut of the federal funds would actually help or hurt inflation, considering where we're at today. i think it would have a limited effect, very limited to the fact if it depends on the truck. but i think one of the big

problems that's confused the fed. but i think it's fairly simple. is that the reason why we haven't had an inflation, which they were all predicting, you know, why it is because consumer spending has been so high. you've got record, record credit card yet. you've got record delinquencies, you're running out of that stimulus. i mean, if people stop buying things, you're going to see a large moves. i turn in inflation because companies will lay people off and you will have other people having harder time borrowing money to become more productive, which they are now. is that the only way they can compete is make coming more productive. they can't finance it now because of the rates. so you've got a really teetering situation. i don't know if it's gonna hit between now and november. but i think the credit card spending speaking. yeah, that's been a primary impetus and you're very card and that way,

but indeed the credit card does occur. how much can be fed. there's not like a red line of the credit card companies are kind of people off. there's now so many great government programs that you don't work for this credit card will help you get this. other one is data part of the issue and have we seen this before? and histories. what you're saying underlines a structural problem in our economy, the structural prop problem is we the industrialize and we financial lives. so now the money is made off of complex financial tools that are invented on wall street. it's made off with our economy, runs off the debt, not off of people going into the work making something. so the question is always been, how long can we can keep building that? and my dad a we have a real estate commercial real estate bomb. we're sitting right here in washington dc. there are empty buildings all around this thing is waiting to below. and when that does, of course, you know, the government is going to be allowed all of those people because it doesn't bill out the little guys. only the rich people in fact maybe that's why they're so happy

uncomfortable, well, and protecting the by the administrator going to protect each other. okay. i want to take a break because when we come back, we're going to look at why america and other more developed countries are continuing to see this inflation grow. well, it seems the emerging countries seem to have a better handle on the issue. the show seemed wrong, just don't safe house after kids and engagement because the trail when so many find themselves will support, we choose to look for common ground. the,

the boss can do either speak with key at the washington state, the bruce to complete the rest of the us as to phone of send the video to for the list of all of a huge what they use for the distribute to the welcome back. i want to continue this discussion on the current economic state of

america and the impact it will have on biden's bid for a 2nd term and bringing out because we have comedy or steve gill alongside political commentator and host radio has carlon dixon and tax attorney and chairman of americans preferred taxation. steve hays, welcome to the party, steve gill. you know what i want to go with something garland was talking around the last segment, real estate inflation in real estate. and the fed saying that they're not going to cut that. they're not looking to cut it cut and give it another to cut this year. what problem is it right now? do you think how much of an impact does it have? the fact that our buildings are empty, per real estate is storing. but who is by well, 1st of all, our goal instructed right is a ticking time bomb when cold, except people, how people haven't come back. and companies have move forward with less people, which means less space to fail. the desire to have a lot more of those big office buildings and downtowns and a lot of people are, are working remote. you've also seen the impact uh, in post cobra's and of,

of the by nomics of, of inflation. the small businesses, they're in the strict shopping centers in suburban and rural america. they're closing their doors. even big box retailers are closing their door. so it's, it's a commercial real estate problem is an office real estate problem. and as you mentioned with a high interest rate, it's, it's having a big impact on people trying to buy a home or, or even pay rent. it is reported out in the last segment, the people making these decisions in washington. they're not driving cars and seeing, you know, gas prices bumps back up above $4.00 a gallon when it was a $1.85, they're using the metro. they're not a family having to go to soccer practice and fill up a couple of times a week. and our installation numbers are artificially low because they're not counting food and fuel. the people in washington saying that the prices aren't bad, they're not shopping for groceries. does anybody that's going shopping? you're getting half a car for what they used to get a full cards. they're paying more for bread and eggs and everything else. and yet

they're telling us inflation isn't really a problem. we just saw g d p numbers come in a full point, less than what they expected, receive inflation numbers, which again, they're artificially holding down. be lower, even though they told us 1st there was no inflation then then that they have controlled it. now the same weight is gonna have to deal with great. another number certificate we can't trust to be accurate, manipulate it again. i'm wondering if there's any numbers that come out of politics these days that we can that being said vitamins, there's a came out as a guest, what inflation is slowing here in the united states. but it doesn't seem, prices are going down, isn't that a good sign that what the white house is feeding isn't the truth. yeah, and it's the, i think we're at a point now where the people on the street are basically trusting what they see. you know, the time over what they used to be tightly the times when the government could say, you know, okay, well this is good or this is bad and people go along with it are far behind us. the trust in the government is, is, is gone. and so i don't hear people saying,

well the government said this or that i hear people say let us was 99 cent now. it's $299.00. they're looking at solid things cuz they have to buy and they got $3.00 kids and a mini van that they got to put food and gets in. and so they're going by what they see here and feel on a day to day basis. they know how much money they're making and they know what's left if anything, after they get the in fact, i would argue that it makes people angry when the government tells them that everything's okay and they know that that they're hurting. they know they're being head. okay. in a way that's almost good news. can i do like the fact that people are paying attention? not necessarily taking the government's words straight for what they say. but steven, you know, effect inflation is usually felt most by the middle and lower class. can americans continue to keep up with this rising pace when it comes to cost of goods? at what point do we see that red line of enough is enough? i think for starting to see this incredible increase in credit card debt you're talking about, as i said in the last segment, you can see in a lot more defaults,

you're going to see people unable to even start making the minimum payments at this point. and when that happens, you have it down there. part of behind is the psychology. i better buy it today because it's got to be a lot more in 6 months. okay. we're thinking like to why am our republic, you know, when money was devaluing every day. but it's going to come to an end because i like government, they can't a trip more money to pay their bills. well, as it comes either out of your income, they have to reduce something else. you know, gardens is taken into soccer practice. some of those things are going to be cut back because they only have so many choices. and that's going to happen here, like i talk about the policy of washington, is usually being made by people who haven't had a job since high school. when they were baby setting or more lines in the private sector,

these are people is garlan pointed out in steve pointed out who's been largely protected. did they get paid during cobra with nobody else? no. yes. how are they getting paid regardless? yes for oh, they don't care. so vacation, probably going to get paid. well, that's the thing that these people are making some decisions and they're going to get paid. but there's also the impact that's going on around the world. and steve, i know how garland feels about this. what do we use? give us a little taste of his opinion. i got to ask you, what do you feel like the impact does of a from america and is rising cost me a place that we're having on other countries. it didn't seem to be reducing the amount of aid us is given to other countries. all the, not the only thing that's producing is here at home. well it and sadly we're borrowing billions and billions from china and then spending that money on stuff we buy from china. we're borrowing from them and they're giving them back the money. when i was working for the, for the us government, us trade representative's office, we were working on that day, expanding trade draft, caribbean basin and south and central america. and those countries would say very

clearly when the us sneezes we catch pneumonia. so when the us economy has, has a problem, the rest of the world suffers and suffers dramatically. and there are huge red flag warnings that the, during the next several months things were going to get much worse, rather than better as our inflation numbers go up. as we continue to standard steven pointed out money, we don't have putting it on the, on the credit card. american people are keeping pace with what they need to buy by putting it on the credit card. and they're paying 18 to 15 percent interest rate on that money. there is a huge crisis coming there, and gas prices are going to go up divided those races, talking about releasing what level we have left in our strategic petroleum reserve to try and buy some lower gas prices as we had into september and october. yeah, that made marginally move the prices down like they did last election year. but the reality is those prices will remain high and on like everything else,

people drive around the town. basically those gas prices on every corner. they know the difference in a buck. 85 and 409 and their big sides on every corner that divides administration cannot. hi. well, it's interesting because i feel like post a pandemic, a st brought up, you know, cove in the smaller countries were actually better at guess, financing. and, and that's the point that we make stupid decisions here in the country all the time about it. you know, they make better decisions in the united states to the u. k. to france. does this mean that they have handled an economic that can handle it economic crisis just because they're so small? well, and i think part of it is it, they're, they're, they're working to get out from under the u. s. umbrella, which has been, which has been economically predatory, which has been di, a mass, etc. go into their countries, leave them in giant dead holes. and they're working to get out from under that debt . so i think that's one of the things that's working on their behalf. i do think that tony blinking is in china right now and there's another disaster divided ministration. are always doing something crazy. he's going to go there and theory 8

the chinese and they're, you know, by sanctioning their banks or something. something will happen in return that will hurt the american people. the thing you remember about that when we talk about that, there's one thing to remember. we talk about owing debt, but there are people who the, who finance the debt, the people who we owe the debt to. those are the people that are financing divide administration. so they're thrilled with is that for all of the anger that the working class talks about with that, the people who are financing the politicians don't want to see a change because that's, that's how they are talking about and take care of that. you know, steven, do you believe in america based on what we're doing right now is on a crash course for recession? and when do you think we could see that actually physically occurring in the united states, and i think they're going to keep stimulating the economy through the election in every way they can. i mean, we're looking at, i mean, was predicted it would be by now earlier in that i don't know. that's the only

reason that i think the credible increase in credit card spending is self concept that i think sometime in the 1st quarter of next year, we're going to see you're a pretty heavy cut back. you know, a lot of things in this economy. i mean, steve pointed out as the g d p is down, but you know, it's hard to predict because when you get free money, you delay the inevitable. and that's what they're doing. you're giving free money, you're getting benefits, or adding programs and disperses. but i think that, you know, mary go round is going to stop. okay. i think it's going to be in the quarter of next year. so the steve, gail, i gotta give you the last 4 on the she mentioned that they're going to release what little they have left our oil reserves to try to bring the gas prices down close to the election. is there anything else that will give us a fake sense of stability and calmness in regards to the economic situation? united states that we can expect to happen in the next 9 months? i think for the most part, everything is already baked in. you're not going to see

a dramatic reduction in, in oil prices, gas prices, inflation g d b is not going to go up dramatically and, and is gone and mentioned. we're over it with a anthony blankets threatening china and their banking industry for us doing for them doing business with russia. we're threatening india that if they keep buying russian oil, we're going to put sanctions on them. paddle drive up gas prices, everything. divide that those ration is doing is making things worse. and just by an example, g d, p in russia is about 2.6. ours is 1.6, there. inflation is about 7 hours is re out real terms about the same and that's with them having to face sanctions. we're destroying the world economy in addition to our own. and it's going to get worse rather than better. and steve is right, the real, she's going to drop right after the electric. we're going to pay the price for the state means i'm trying to cover up how bad bind nomics actually is. well, there's more common sense means focusing on this page, say then down the street at pennsylvania,

1600 pennsylvania avenue. i wanna thank you so much for joining our panel girl and nicks and steve gill and steve hayes. i think it is foolish to say the economy cannot be predicted credited crisis can always have in effect, but in modern times, the responsible action would be to be prepared rather than solely reactionary. if we have learned anything over the past few years, when it seems that we have overcome one crisis, there's going to be another one just around the corner. the difference is if a politician uses the crisis at the moment for their own benefit, printing and releasing at large amounts of money with little accountability to the public. might when you vote in the short term, but creates an economic mess, which sadly is felt longer by the people and it presents terminal. i've got now here's into spinning your 360 view for watching the

russian president vladimir putting this one in for a newspaper. your tongue saying he determined to overcome another period of difficult moscow. the consolidated will of millions of people is a colossal force. evidence of our coming from the lease that we ourselves will determine the fate of russia and only ourselves. for the sake of today's and future generations, the ease riley forces take the gods inside of the roof across the egypt on the control and not despite him. i say it is willing to accept the spot proposal earlier

you have been.