No economic collapse inflation is Transitory and the FED is working on That they have a plan in fact when the Call came in from Vladimir zielinski who Wasn't Vladimir zielinski let me tell You something if your organization Can't figure out if that's actually the Leader of Ukraine on the phone You shouldn't have a credit card let Alone be in charge of the fed I'm just Saying But once again a central Banker is Fooled by this group of people that are Posing as Vladimir zielinski and then Recording it and it's not on the phone Apparently it's it's a video conference Call Alice how are they falling for a Video call yeah yeah I don't know don't Know but uh maybe you know just the Computer rings And you just oh hey gone I've got a FaceTime call coming in it's Vladimir's Landscape We didn't hear from your people or Anything how'd you get my number well Let me tell you all my deepest darkest Secrets that I'm not gonna tell Everybody else but I'll tell you Vladimir cause you're trustworthy Here's what uh here's what Powell said Now this is not what he's telling the American people listen to this Um and uh but what we're going to find Is that growth in 202’ was was positive
But modest it was subdued so you know One percent around that that level Um in terms of this year most forecasts Call for the US economy to continue to Grow but at a pretty subdued level so Growth of less than one percent less Than one percent stop for a second is Anyone does anyone on the planet think That growth of less than one percent is Really growth I mean I think that's Probably in the margin of error yeah and I honestly you'd considering what other Economists are saying growth of under One percent would be positive yes yes it Would compared to what they're actually Predicting which is recession right so He's he's he's maybe in the Spin Zone Where he's like you know but Vlad listen We can keep sending you to those bullets Because our growth our growth is like Crazy right crazy high zero point Something numbers yeah it's great we are On track for another record year and I Mean that here he is But we had we would tell you that that a Recession is almost as likely as as very Slow growth huh um wait that's something That's a fact and I think that is partly Because of uh of us having raised rates Quite a bit but Whoa whoa whoa whoa whoa Why are we having a recession according To the Fed chair Because the Fed
Is raising rates Huh now wait a minute I gotta get my Arms around this this is a whole new Concept That raising rates puts people out of Work Makes it harder for them to put food on The table As a whole new concept give me 60 Seconds to digest it because there's More coming hang on just a second hang On just a second I want to make sure I Understand this So we're in a recession why Because or we we could have a recession According just as likely why because They're raising interest rates Stu why Are they raising interest rates because Of inflation you're trying to get Inflation under control get inflation What is the definition of inflation Um with too many dollars chasing too few Goods huh so What is the real problem we have too Many dollars And we have too few goods so there's two Things you can do there right you can Get people working To make more Goods Or You can get rid of all of those dollars Okay the first thing you do if you want To get rid of dollars what's the first Thing you do
Raise interest rates no no no the first Thing you do If you're if you are your house is Underwater because you had a faucet that Just blew a pipe that just blew what Would the first thing you would do Turn off the water you'd turn off the Wall Stop Printing money dude stop Printing money that's a great idea so The first thing you would do now I'm not A plumber Nor am I a printer But I am a thinker The first thing you would do is shut the Printing press Off okay all right is our government Doing that no no what's the reverse of The government doing that right they're Doing more of it is he saying in here That we should stop our out of control Spending he is not no he's not no he's Not instead he says we're going to people Now I'm gonna let you hear it from his Own mouth but there are other options Again I you know I don't have my degree Which would I think make me blind to all Of the real solutions and the real Problems so I wear that as a badge of Honor Um but I don't have a degree in Economics but I think I have some Solutions next and uh but what we're Going to find is that growth in 202’ was
Was positive but modest it was subdued So you know one percent around that that Level Um in terms of this year most forecasts Call for the US economy to continue to Grow but at a pretty subdued level so Growth of less than one percent let's Say but we had we would tell you that That a recession is almost as likely as As very slow growth Um So that's that that's a fact and and I Think that is partly because of uh of us Having raised rates quite a bit but this Is what it takes to get inflation down We to get inflation off of the high We've had inflation level in 40 years to Get inflation to come down what we need Is a period of slower growth so that the Economy can cool off so the labor market Can cool off So that wages can cool off and so that That's how inflation comes down that's The only way we know to bring inflation No it's not and it can be painful but There is we don't know of any painful Wet painless way For inflation to come down okay so first Of all let me ask you something How are these guys I mean what is Vladimir you know the fake Vladimir Saying To get into these conversations and to Have does he's just calling the central
Banks and like losing these Vladimir Knows like tell me stuff that you will Not tell to your own people Uh yes I'm just calling for confidential Information that you want to keep on the QT as we set up a new world government What what is what How what is he asking What are they expecting to get on the Phone yes uh just a central bank I just Want to know I know you're not my Central bank I have nothing to do with You but I want to know what is your plan What are they saying to get on the phone With these people It's incredible and that they keep Falling for it and this is we've been Talking a lot about AI this is just the Beginning of this oh it's cool every Single one of these people is going to Fall for one of these calls it's crazy Right I mean it's great I mean because I Mean it'll exp no it'll expose things You know Great's not the word I would Use for this oh no I think it's great Because it'll expose things then and Then nobody will do anything about it Which is a total change oh that kind of Girl now listen so he says It's an equal chance That we're going into a recession and That's a fact have you heard that fact Said to the American people not from him No not from not from anyone in the
Government from him okay so uh we have 40-year highs of inflation pretty bad That's a fact Um so the only way to do it is to slow Growth Slow down labor and and slow down wages So let me get this right let me use Regular fightful Spike I'm sitting there Not having a Bud Light at the end of the Bar And this hoity toy the guy comes to me And he says well we got a slow growth we Gotta slow down labor and wages now I Think what he's saying here in bar talk Is he's going to throw a ranch into our Economy And then he's going to get a bunch of us Fired And then the rest of us are going to Have sucky wages Because that's the only way out Really no Here's another idea you could Tell people To get their ass off the couch and go Back to work cause this sugar daddy teat Off of Uncle Sam ain't giving you any More milk How about that one that one that would Be good we could we we could have a Return of Labor which if labor returns And we do not have to pay you know in Blood Uh for all that labor maybe maybe we
Could make more products then we could Also just shut the printing press off For the United States government he's Saying the only way the only thing we Can do is screw the American people That's what he's saying The only thing we can do is hurt the American people because they don't Matter anyway we I mean the last thing We want to do is piss off Congress we Don't want to piss off the Senate and Besides we're all in it because remember I'm the head of the Federal Reserve Bank A wholly owned private company Made up of well dare I say it Banks like JP Morgan Chase Am I the only one am I I mean it's like I'm standing in a I feel like I'm Standing in a crowd and everybody is Going wow this is fantastic and I'm like Wait nope but he's No he's saying he's gonna put you out of Business and he's gonna hurt your I know But he's really got it under control no He's Problems I know but look at his hair right and He's on the phone with Vladimir Zielinski that guy's great no no I think He's a criminal too What a conspiracy theorist I just feel like I'm standing in a crowd Going Would somebody wake up
And you're not even seemingly that Worried in fact that a fake Vladimir Zielinski can get on the phone with Jerome Powell on a video call somehow With AI which is right around the corner Where we are now you know we talked to a Woman who had not a famous person like Vladimir zielinski but her daughter her Daughter who had like five sentences Spoken on the internet converted into a Hostage tape uh we're on the we're on The corner of basically any voice being On the phone and you're not gonna know If it's the if it's real or not and We're going this is this is what we're Dealing with the the not even our Federal government can Can can sift through this what happens Glenn when someone makes a legitimate Seemingly sound incredible threat of Nuclear attack What do you mean like Vladimir Putin Putin uh we've got Vladimir zielinski on The phone really is it the real one yes He said he was Right what happens when one of our Idiotic government officials Falls for Something like that Well that's gonna happen maybe not to us But somewhere Certainly this is we are man we are so Screwed we are so scared that's why I Keep getting every one of the ending of The conversations I have about this
These topics are just like ah we're so Screwed that's how that was that oh no No you gotta end it differently now okay Instead of saying I'm so screwed or We're so screwed you say this Wow it's going to be an interesting time I mean it's going to be really I'm Fascinated to see how this is all going To work out was this some sort of uh why Why would I say that it makes you feel Better yeah it makes you feel a little Better it makes it it makes it yeah if You're a disinterested you're like yeah You know because really in some ways you Are it's up to Jesus now there's not Much you can do no and uh so I mean we Got to do our part you know but when Jesus comes it'll be like wow that Powell cat that was an interesting idea Thing to play out it's a I can't wait to See how that works when he's standing at The foot of Jesus uh I don't think well But who knows I I'm not here to be Fascinated to watch it yeah yeah I'm not Here to judge I I'm I mean I'm here to Uh point out the guy is a stinking liar And now that a fake Vladimir zielinski Uh bot Talk to him on the phone we now have the Evidence you know instead of it a Conspiracy theory we now know unless It was the real Vladimir zielinski and Jerome Powell was the AI ah put that in Your pipe and smoke it I like this new
Approach of yours because I mean I think You think about this like you know You're watching Breaking Bad his entire Life is falling apart around him his his Potential drug uh Empire is he May go to Prison he May be shot he May be killed And that whole time That was pretty interesting to watch I Wonder what's going to happen like That's how I reacted to this exactly Right what if I do that with real life Okay so I was just watching my son Wanted to watch Valkyrie with me oh okay Classic classic I love that okay so we Watch Valkyrie together and and the General is you know he's like uh I don't Know is Hitler dead and and I and I'm I'm at the couch and I'm like who cares If he's dead right move yeah okay and I Said to my son I have to get up I have To get up you know those movies and Sometimes you get into that place where You're like I can't watch this I can't Watch this and you're like it's a show It's a show that's the way you have to Be we've been walking around our couch Going I can't watch this I can't watch This oh my gosh these people are so Stupid I can't watch this yeah just Watch it yeah watch it just watch it This would be really interesting to see How this plays out I bet I know how this Ends yeah but I know how this ends Because that's the thing that we really
Have to start doing you know how you're Like Yeah the kid wasn't seeing the kid Wasn't seeing uh uh just dead people Bruce Willis is dead too Let's be let's be spoilers you know what I mean yeah let's be everybody's like I Can't wait to see how that turns out I Know how it turns out okay I'm gonna Spoil it for you Uh disturbing it's disturbing of a way To go through life but I think it's Gonna be better I think but this new Non-attached like just disassociated Approach to life will make regular life That much better that much better no That doesn't mean I don't take it Seriously you know I certainly take it Seriously I took Breaking Bad seriously I was very interested in what would Happen I just didn't I yeah since I'm Guessing the ending I'm not gonna be in the one in the movie Theater going oh my God I'll be there Going yeah I know I know crazy isn't it By the way I've got everything packed in My camper bye-bye Including your Valkyrie DVD which I will Say by the way Valkyrie comes on TV Gotta watch it gotta watch I can't not Watch it it's got if it comes on I have To watch it it's one of those movies Every time it pops up I'm going through This channels and I see Valkyrie that's
Where I go and I think it was the first Movie made with when somebody who had a Hand Is missing a hand and the CGI are just The hand and the eye great stuff really Yeah you know he'll pop his eye out He'll turn his back and you'll see him Grab the glass eye and he's like And he puts his eye back in and then You're like it's not the same color did You notice that not the same color That's the kind of stuff that led us to This Vladimir zielinsky call