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/

Last week, Governor Ron DeSantis and the Florida Department of Education announced that they had rejected 41% of textbooks from publishers for containing Critical Race Theory. I go over the examples disclosed by the state showing proof of the content. I also discuss how Critical Race Theory (CRT) derives from communism and the Communist Manifesto written by Karl Marx and Frederick Engles. Critical Race Theory is not being pushed because of racism, but rather the idea of a communist agenda and a push to eliminate the capitalist society of the western world. #RonDeSantis #CRT #CriticalRaceTheory #Communism #KarlMarx #FrederickEngles #CommunistManifesto While Communism had already been around, Karl Marx and Frederick Engle’s claimed and defined the theory in 1848 with the Communist Manifesto. This ideology was a response to the growing industrial revolution which Max claims was a threat to the livelihood of the lower working class, due to advancing technology. Communism seeks to abolish private property, religion, family, and territories (towns, cities, countries etc…) The largest concern would be the abolition of the family. Marx believed the family structure was a result of capitalism and those family members were exploited as means of production. He believed that women were only viewed for production purposes and thought that families were formed to maintain capitalist ideology and to pass down wealth through inheritance. Inheritance is one of the primary enemies of a communist society. Furthermore, communism is threatened by the education provided by a parent to their children. Communism would make education for all children completely free and would indoctrinate them. -Similarly, we are seeing this play out at the moment with parents fighting the government about what is being taught to their children in school. CRT derives from communism and focuses on one class oppressing another. The state of Florida just released examples from the new math textbooks, showing CRT being used and illustrating how one group of people is racially oppressive over another, and trying to make children “aware” of their oppressive nature. This is a classic example of how to implement communist ideology on a young and unmolded population. https://www.nbcnews.com/news/us-news/-racist-florida-releases-examples-prohibited-topics-rejected-math-book-rcna25625 The Communist Manifesto https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ Essay written on the communist idea of family and abolition thereof https://www.csustan.edu/sites/default/files/History/Faculty/Weikart/Marx-Engels-and-the-Abolition-of-the-Family.pdf

A recent documentary called "Watch The Water"' has people believing that COVID-19 is not a viral infection, but rather a snake venom infection that is being injected into us and used to poison our water supply. Snake venom in the water wouldn't hurt anybody because it's not poison. It took me 5 minutes to debunk this outrageous claim! I have posted scientific research reports on how different snake venom works and the adverse effects. I have also attached the reports showing the use of different medications that are used as blood thinners and increase prothrombin time a.k.a your blood's inability to clot. #COVID #Coronavirus #watchthewater #venom #debunked #conspiracy

Studies on the venom of the Chinese Krait and King Kobras https://pubmed.ncbi.nlm.nih.gov/33440641/ https://pubmed.ncbi.nlm.nih.gov/9509180/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8733962/

Prothrombin Time information https://www.mdpi.com/2072-6651/13/1/49

Information on medications that also increase Prothrombin Time https://www.urmc.rochester.edu/encyclopedia/content.aspx?contenttypeid=167&contentid=pt_prothrombin_time