"World Alternative Media" host Josh Sigurdson and certified financial planner and wealth management adviser Tim Picciott refuted Joe Biden's statement earlier this year that the stock market is 20 percent higher under his administration.
"The stock market – the last guy's measure of everything – is about 20 percent higher than it was when my predecessor was there. It has hit record after record after record on my watch, while making things more equitable for working-class people, " Biden said on January 7.
To contradict the president's statement, Sigurdson read ZeroHedge's Tyler Durden's article on Tuesday, June 14, that the S&P closed down 22 percent from its highs and at its lowest since January last year.
"Apart from crude oil, almost all asset classes were clubbed like baby seals today as event risk anxiety (ahead of FOMC) combined with OpEx technicals ($3.4 trillion options expiration) and European 'fragmentation' fears and all the usual geo-political, geo-economic factors that are holding back the dip-buyers as the S&P drops into a bear market and US equities broadly test 2022 lows (while TSY yields push multi-year highs)," Durden wrote.
Picciott explained that the cause of the stock market collapse is America's reckless money printing over the past 14 years. "Now all of a sudden, inflation was declared by the government and the consumer price index and personal consumption expenditures are actually through the roof," he said.
Sigurdson noted that part of the Great Reset agenda is to collapse the stock market, economy, supply chain and the supply of gas.
"You could basically hit people from every single angle, then you bring in technocracy, social credit, carbon credits, food rationing and price controls and all these different things," he said.
He pointed out that the people are controlled by those who control the money. He said: "People controlling the money are the people at your bank, the people printing the money, the people that are manipulating this stock market." (Related: The next stock market crash is already on its way, and America could lose $35 trillion in the collapse.)
Go back to basics to survive the collapse
Elsewhere in the show, Sigurdson cited Henry Kissinger's infamous advice to then-President Barack Obama: "You cannot let a crisis go to waste."
The host believes that the administration is going to use the ongoing crisis to its advantage. "People should go out and actually invest in themselves; invest in their own life; be self sustainable; be human," Sigurdson said. "Because this is a war on humanity."
He also said that it is very important to get back to the basics of humanity because this crisis is planned.
"And even if it wasn't planned, they never let a good opportunity go to waste. They'll find a way to manipulate this in their direction. Even if someone came out and said, 'I'm going to save the world, I'm going to end all this tyranny,' always think twice about who that person is because most likely they will be manipulated as well to bring us into an even deeper, darker, more evil version of the new world order that we're already currently in," he said.
Watch the full June 14 episode of the "World Alternative Media" below.
This video is from the World Alternative Media channel on Brighteon.com.
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