There was an article that was done by axios talking about the selective memory of Trump supporters on economic issues. And I’ve talked about this before with David Stockman in his book Trump’s war on capitalism. But I was surprised to see the pushback on zero hedge. And this is not an article from somebody else is actually zero hedge writing this? And they say axios beclounds itself in an anti Trump rant.

They’ve gone full buzfeed, they said. And actually, their article was factually true. It is zero hedge that has beclounded itself. It’s zero hedge that has memory hold. How awful things were. And we see this over and over again. It truly is amazing to me to see how this is spreading to anybody who has been organized on free market or conservative principles and how they’re falling in line with this partisan division.

And I know that it’s going to become even more partisan as we get closer and closer to the election because there’s going to be more of this hegelian dichotomy that they offer you. Well, it’s either this person or that person. It’s like, no, that’s a fake choice that you’ve given me. There’s other things that I can do in my life that are going to make a lot more difference than getting caught up in this.

And I’m absolutely not going to support somebody that did the things that Trump did the first time around. And I hope that you’re like that as well. I’m not going to change. I’m going to oppose these actions that were done and here’s what they had to say. This is their headline. Zero Hedge said they be clowned themselves with this headline. Why Trump supporters give him a pass on record high unemployment.

I pointed this out at the time that it happened, when he did this, two weeks to flatten the curve. I remember going back and looking at this, how they just shut down the economy. Everybody’s losing their jobs. We can’t get product to marketplace. What kind of a strategy is this? Nobody could be that boneheaded stupid to think that that would work. As I said before, and as I said at the time, if you’re going to shut down and lock down everything, how are we going to get medicine to people? How are we going to get food and fuel around to people if you just shut everything? Oh, well, we’ll keep the essential places open.

Well, they didn’t. We saw shortages on the grocery store shelves. Why? Because by shutting down these institutions, what they didn’t realize is that when they closed down the offices, a lot of people were getting food in an industrialized, not industrialized, but in a setting where they would get it from restaurants or other places like that. And the food that was going to those restaurants, it was feeding a portion of the population could not be repurposed and sent to the grocery store, just like the toilet paper couldn’t.

Just that simple. A lot of people, as they had jobs and were going to school and going to work and other things in public, that got made off limits to them, well, they would use the toilet paper at those places. And then when they shut them down, they didn’t have the toilet paper in a format that they could sell it to consumers at the stores. It’s just that simple, simple economics.

I spent a long time talking about eye pencil, trying to explain that to people. The invisible hand and the way the marketplace serves these needs, and this ham fisted response that just shut everything down. I said, you’re crippling yourself, even if it were a real pandemic. And so I remember when this happened, I went back and I looked at statistics with the Great Depression, and everybody thinks, well, 1929 stock market crashes kicked it off, but it took a while, took a few years for unemployment to reach high levels.

And we exceeded those high levels of over 20%. We exceeded that immediately and kept it there for several weeks before things started to ease up a little bit. And so what Axio said was, well, they like to point to the first three years of Trump, and they don’t pay any attention to the last year. And what you hear from these people is, well, he doesn’t have any control over that.

That was a pandemic. Isn’t that interesting? We condemn that. When Fauci says, well, the pandemic did this, or somebody else said the pandemic did that. But the defenders of Trump will say the pandemic did it to him. He didn’t do it. Now it’s his response, his response to a pandemic, whether it was real or whether it was fake, which it was fake. It was his response that was boneheaded.

And so they point out, even the inflation, and this is what David Stockman pointed out, even the subsequent inflation was due to the massive spending and the welfare checks that he was handing out to try to placate people that he had locked down. Trump supporters want to reminisce about his time in office. I thought he was an excellent president, said a woman in Davenport, Iowa. I’m really happy how the country used to be, said another one the country was running really smoothly under Trump.

I think the economy was a ton better and we weren’t paying $6 a carton for eggs and on and on. His track record speaks for itself. It’s like 2020 never happened for these people. And now you see them coming on board with that and criticizing Nikki Haley for bowing down and kissing the feet of the vaccine King Bill Gates. This is a headline from revolver. But of course, I talked about how she did that.

Did Trump do that? Did Trump bow down to Pfizer, Moderna? He did more than kiss their feet. He gave them tens of billions of dollars. He gave them factories. He even set up Johnson and Johnson. Hey, you want to get into vaccines? We’ll give you a factory and we’ll give you billions of dollars and we’ll give you immunity from all of this stuff. And we’ll use the military to deliver it.

They want to portray that. The Maga media wants to portray their opponents as being sycophants to bill Gates and the pharmaceutical industry. Nobody did that more so than Donald Trump. And then there’s the announcement about CBDC. He came out very briefly and said, oh, and one more thing. I’m not going to let him do CBDC as a supporter. And thank you for the tip sent on zell. And he says, well, I guess he got enough social media analytics to see that there was a lot of support.

If he just says, I’m against CBDC, does he know what it is? Does he know that his treasury secretary began the process? Steve Mnuchin Former Goldman Sachs banker does he know that his son in law, Jared Kushner, was working with Steve Mnuchin to get this ball rolling? Do you believe that Trump is really going to oppose CBDC, or will he reassess the options and the needs for it when he becomes president, like he did everything else that he promised? Look, when you’re a candidate, it’s important that people understand that you share their concerns.

He’s taken a very long time to talk about this. Perhaps it was the influence of Ramaswami, who was quick to catch on to that. DeSantis had already talked about it. He’d held a conference on CBDC, called it Big Brother digital money. But then when he got finished with his 20 or 30 minutes presentation, the very first question was, but what about President Trump in New York and this district attorney and all this other kind of stuff? It’s like they weren’t interested.

They’re not interested in the policies. They’re not interested in the existential issues that affect our lives. Nobody is interested in anything except how it affects Donald Trump. And quite frankly, I don’t believe for a minute that he’s going to be an obstacle in the way of CBDC. Thank you very much. Emulated void. Thank you very much for the tip. I appreciate that I didn’t get time to get to it, but we’ll talk about it on Monday.

A cloud of doom hanging over the commercial real estate under the Biden economy. Under the Biden economy, how many years did Gerald Celente and I talk about how the lockdown of Trump was going to destroy commercial real estate? But now it’s the Biden lockdown. Supposedly, the David Knight show is a critical thinking super spreader. If you’ve been exposed to logic by listening to the David Knight show, please do your part and try not to spread it.

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