In this video CFP Lou Scatigna and I discuss a wide array of economic topics that expose the fragile state of the U.S economy. Lou is a Certified Financial Planner and President of AFM Investments. Lou hosts the Financial Physician podcast and is the author of “The Financial Physician”. Lou has l mIn this video we discuss a wide range of economic topics. Lou has made multiple guest appearances on CNBC, MSNBC, and Fox Business and today we are discussing a wide range of economic and societal topics. #politics #economics #trump #donaldtrump #joebiden #bidenomics #esg #marxism #useconomy #recession #inflation #cpi
Video Chapters:
0:00- Introduction
1:33- Medicare and The Biden Administration’s drug price negotiation policy. How will benefit medicare recipients and what will be the overall consequences of this policy. We also discuss the possible impact this will have on drug availability and drug company revenues I the future.
6:54- Social Security - This chapter discusses social security and how it impacts the U.S economy. We give details on how social security is the largest expense for the U.S government and why SS favors the wealthy more than it does low income earners. We also discuss need to know details for individuals who might be receiving social security benefits soon.
20:57- Economic Data and Recession - In this chapter we discuss current economic data such as inflation, the consumer price index, and unemployment reports. We also discuss how the current Biden administration has changed the definitions of economic terminology to sway poor economic data in their favor. We also discuss the possibility of an upcoming recession in the United States. This chapter takes a deep dive into interest rates and U.S treasury securities.
26:11- Bidenomics - This chapter discusses everything you need to know about Bidenomics. We outline statistics relating to President Joe Biden's economy.
47:20- Trump’s Economy - In this Chapter We discuss the details of the Donald Trump economy and the Trump Tax Cuts and Jobs Act of 2017 and how it actually benefited low income earners while at the same time making the rich pay more in taxes. We show numbers that illustrate why most politicians on the left strongly oppose Trump's tax plan.
50:51- Buying Gold - This Chapter discusses why you should buy gold to protect your assets from inflation and why gold is important in times of uncertainty.
1:04:32- Modern Monetary theory - In this chapter we discuss Modern Monetary Theory and whether or not the United States is moving towards this type of system. Lou gives a great history about previous inflations that occurred during previous empires and why Modern Monetary Theory will not work.
1:11:30- Marxism - In this chapter we discuss whether or not a marxist revolution is taking place in the United States. The National Education Association and other labor unions generated so much momentum for marxist indoctrination, it will be almost impossible to stop.
1:22:23- ESG Scores - In this chapter we discuss ESG scores and how it impacts businesses in the United States.
1:25:28: Weaponized Justice- In this chapter we discuss how the U.S government is weaponizing the justice system to silence political opposition. We discuss the Donald Trump indictments and the indictments of Jan 6 protestors.
1:30:42- COVID Conspiracy - In this chapter I tell Lou my theory about the COVID 19 virus. You won't want to miss this!
Important Links:
The Financial Physician: https://thefinancialphysician.com/
The Financial Physician Book: https://thefinancialphysician.com/book/
The Financial Physician Podcast: https://www.podomatic.com/podcasts/financialphysician/episodes/2023-10-22T04_00_00-07_00
Lou Scatigna Rumble:
The Tax Foundation Related Articles: https://taxfoundation.org/blog/inflation-reduction-act-medicare-prescription-drug-price-controls/
