President Biden the Communist 😮 🤬

President Joe Biden, the communist. I don't know if you've heard the news. This is shocking to me, but President Joe Biden has just written off $300 billion worth of student loans. Is America becoming a communist country? This beggars belief. I think it's an insanely bad decision. I cannot believe any country's leader in their right mind, with the financial and economic turmoil that we are clearly in, how can they write off $300 billion worth of loans? What is going on in the world? Now, I'd love your thoughts about this. Let me just let you know what's just happened in the US. So there are $10,000 worth of loans, federal student loans, that have just been written off for millions of Americans. Now, some people may see this and go, well, this is generous. Now, this is what Joe Biden has said, and I want to make sure I quote. People can finally crawl out under the mountain of debt. Who created the mountain of debt? I mean, it costs you a six-figure sum to go to college and university in America. Who created this system? America. The president— okay, look, you can't say Joe Biden created it because it's legacy. But America created the mountain of debt. So yes, exactly. Now I'm going to comment on this in a moment. Let me tell you what else he said. This is unbelievable. You should be sharing this across the whole world because this is madness. The plan would give people more breathing room, especially for the middle and working-class families. But how would you feel if you've just finally paid off your student loan over 20 years and now Biden goes, oh, don't worry, you're not going to get any benefit, but everyone else is? I mean, how is this fair? Okay, so let me know what you think. I've tried to be balanced about this. I did think about before I went live, okay, what are the upsides of this? Okay, well, of course, anyone who is getting a debt written off, that's going to be nice them. But let me ask you this: if you just write off debt of the working and middle class, what does that teach them about debt? If your children get into debt and then you pay it off, and then they get into debt and then you pay it off, and then they get into debt and then you pay it off, and then they get into debt and then you pay it off, what does it teach them about debt? That debt doesn't matter. For goodness' sake, on what planet is this a good move? And by the way, I would love your thoughts. I'm looking in the comments. I'm trying to find someone to say something to tell me why this is a good decision, because honestly, I can't see it. Now, um, I believe— honestly, call me skeptical here, and Tim, uh, Corina's just said it— I believe this is a political move. I believe this is a popularity move, because let's be honest, most of the voters, or at least most of the supporters, are the working and middle class. So I believe it is a massive communist move to gain popularity for the working and middle class. Sorry if I'm skeptical, sorry if you don't agree with that, but that's my point of view. It's my opinion, don't shoot me for it. Okay, now, and by the way, I'm still looking in the comments for anyone to tell me what's good about this move. I will eat my words. I will eat this t-shirt if it can be proven why this is a good move for society. I will, because I'm always up for being proven wrong and good discussion. But let's look at the downsides. $300 billion in debt written off. So let me ask you this: who's paying for that? Who is paying the $300 billion of extra debt written off? It's not Biden, it's you and me in taxes and inflation. So that's the first thing. The next thing is, if you wipe off $300 billion worth of debt, what's going to happen to inflation? What's going to happen to prices? Inflation's going to go up and up and up. Prices are going to go up and up and up. Taxes are going to go up and up and up. So whilst a few people in the working and middle class are going to have a few grand less, You are going to have more taxes, more expenses, more income, you name it. Exactly, Brian, there will be strings attached, another control mechanism. So I would love your thoughts on this. I've been trying to think for all morning because I didn't do a live on this this morning. I've been trying to think all morning, okay, see it from Biden's point of view, see it from the working class's point of view, but imagine if you are one of the majority of people who this doesn't help? Because while this might help a few million people, it doesn't help hundreds of millions of people. So how's that right? How is that right on everyone who got a loan and paid it back and got a loan and paid it back? Everyone who followed the system properly, how is it right and fair on them? So let me know what you think. Is it a good move that Biden has just wiped off 10,000 £10,000, or $8,474 of student debt for millions of people. This is a $300 billion debt wiped out, not going to get given back by these loans. So who's going to pay for it? Here's the irony: it's supposed to help the working and middle class, but who's it going to hinder? The working and middle class. What's going to happen to taxes? What's going to happen to prices? What's going to happen to inflation? I cannot see how they are going to go down. Now, he has said people can finally crawl out under the mountain of debt, but the mountain of debt was created by the trillions in debt that the governments are in, the massive quantitative easing, the massive inflation, the massive energy crisis caused by the war between Russia and Ukraine, in which America are heavily involved and are financing in the billions. To me, this just looks like a political move. How— someone has just asked in the comments, why is this a bad idea? Why is this a good idea? Tell me why it's a good idea. Someone has said chill. I'm not chilling. This is not chillable. This is outrageous. Why? Because people don't understand the consequences. If you— let's say it was explained to you clearly. That, um, canceling all these student loans for the working and middle class would mean your prices go up, inflation goes up, your taxes go up, your expenses go up. If you knew that, would you support it? Of course you wouldn't. But that's the reality of what's going to happen. And by the way, there's a lot of respectable people that are saying the same thing. House Minority Leader Kevin McCarthy: who will have to pay for Biden's debt transfer scam? Mark Goldwyn, senior policy director at the hawkish Committee for a Responsible Federal Budget, says this is going to worsen inflation and eat up all the deflationary impact. This is crazy. Honestly, I think you really need to share this because I, I personally think these acts of communism— I mean, America is supposed to be a capitalist country, a reward-based country, a merit-based country. I.e., we have the American Dream. You can start a business and we will support you and we will subsidize you and we will give you incentives and relief, uh, reliefs, so that you can start a business and be an entrepreneur. That is the American Dream. And now it's robbing the rich or robbing the middle class or robbing the working class to pay off the debt. Essentially, that's what it is, because they can say it supports the working and middle class, but it's not all the working and middle class. It's a— it's— yes, it's millions of people, but there's 350 million people in America, and all that's going to happen is taxes and inflation and cost of living and everything else is going to go up and up and up and up and up. Yeah, don't mess with the IRS. That's a good little quote there. So let me know what you think in the comments. I still have not had anything that I can see in the comments that makes this a pro move. By the way, make sure you're following me just before you hit the share button. I do think it's really important to discuss these topical debates. Like, I'm in the UK, you could argue it doesn't affect me, though it does. It certainly does affect me because America is in the two top global superpowers They currently have the world's reserve currency, so it affects us all. And I try and comment on events that affect us all, even though it feels like it doesn't affect us at all. So quick summary— make sure you're following me, by the way— quick summary: Biden has just today canceled $8,000— well, $10,000 worth of student federal loans for millions of Americans who earn less than $125,000 a year. That will wipe off debt for them and add to the government, or to you, a debt of $300 billion. $300 billion. By the way, the US government is already trillions in debt, which takes billions in interest payments that doesn't even pay off the debt. And now Biden, in his infinite wisdom, has just written off off $300 billion of debt. So my question to you is, who's going to pay for that? What's going to happen to inflation? What's going to happen to prices? What's going to happen to the cost of living? What's going to happen to taxes? Why am I shouting? Because this is a ridiculously bad decision in my opinion. All right, cool, that's it, announcement over. Let me know what you think in the comments. Let me know what you think and hit the share button. I think we've got to get this out to as many people as possible. For me, this is crazy news. This is a communist move. And this is going to have massive implications and reverberations. Here's the problem I have with governments. They don't tell you the downside of the decisions that they make. Maybe they don't even know the downside of the decisions that they make. And that's why I am here, to help you be awake to the downside of all these decisions. To me, it looks like a popularity move. Maybe a political move. Hmm. I suppose if you've got $10,000 worth of debt wiped off, you're pretty happy. Let me know what you think in the comments. And by the way, stay here, hit the share button quickly.