KAMALA CRASH — Everything You Need To Know
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Buckle up, everybody. Here we go. Charlie, what

Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks.

I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here.

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It's been two weeks since the coup took place. In some ways, in the conservative movement, we've been trying to get our sea legs here because we've been through so much. Trump got shot. We had a convention. J.D. Vance as the vice president. Biden gets removed. It's just been difficult for us to get our bearings. And today, markets are reacting directly to Kamala Harris. You see, markets are as much psychological as they are data-driven.

When people lose confidence, a bloodbath ensues. Over the weekend, something very noticeable happened. Kamala Harris took the lead in all of the betting markets. Kamala Harris looked as if she's now the favorite in this race. And these things go up and they go down, and I've told you guys not to panic. And since America is likely, according to the betting markets, to put an incompetent California communist as president of the United States...

Two weeks later, the sentiment around the lack of American leadership, the lack of American strength, and the lack of American economic power was proven today to be very dramatic. The NASDAQ has never in its history been down 1,000 points, ever, even temporarily, until today. Earlier this morning, the NASDAQ hit that threshold temporarily. Now, today, of course...

It's two weeks, as we have mentioned, after Kamala Harris became the presumptive nominee. All around the world, the economy is on the brink. The top Japanese stock market index fell 12% today. In Korea, their market is down more than 8%. Markets in Europe are all down big. And here in America, the Dow, the Nasdaq, and the S&P have all dipped about 2%. Trillions of dollars of value, poof, lost, eradicated.

I encourage all of you, do not look at your stock portfolio today. Do not look at your 401k. That is all brought to you by Kamala Harris. Now, before I continue on the data surrounding this, it's very important. If you watch the Kamala Harris advertisements, if you look at how they're presenting her, they act as if she's an outsider trying to become president. She is the current vice president of this country. And you do not have a president. So for all intents and purposes, she is in charge.

She is in charge for this looming Middle East war. She is in charge of this market collapse. Let's put cut six up on screen. This is her doing. Your 401k, your stock portfolio, your life savings, the money that you have tucked aside for your kid or your grandkid. We did it, Joe, as Kamala Harris would say. And this is just the beginning. This is the beginning of a market correction which only could be called

The Kamala crash. In addition to a bad job report, a bad jobs report, we have yet another revision of prior jobs report to be even lower. That happened almost every month for the past eight months or so. Is Biden and his regime systematically exaggerating its job reports just like they systematically downplayed inflation in 2021?

The start of this contagion appears to be the jobs report last week. People started to say, oh, maybe this economy is not what they say it is. And it's never been a strong economy. We've been saying this for the last two years. For anyone that will listen, that this economy is built on a sugar high, just like Kamala Harris, of cheap money, of cheap liquidity that has been infused into the system to artificially try and boost demand.

Well, right around when the bad jobs report hit, Intel announced that they are cutting 15,000 jobs. Suddenly, tech is crashing, and the AI bubble might be bursting. Just to think, if this is a real financial crisis, what tools do we have to deal with it? 15 years ago, we simply borrowed our way out of a global financial crisis, and tens of millions of people still have never recovered from it.

We spent our way out of COVID too. Something on this program, we were against every single bailout package going back to 2020. We were one of the only broadcasts that were against every single bailout package. Almost every other conservative pundit said, oh, you know, we need to borrow this money. It was never necessary. The only thing that should have been necessary was open the economy. Open the economy and that is your stimulus.

But now we have almost four times the national debt that we had in 2008. We have deficit of $2 trillion a year with what they tell us is a good economy. The U.S. dollar is collapsing around the world.

The Middle East is ditching the petrodollar and aligning more towards China. Biden's sanctions on Russia are making lots of countries, even some of our supposed allies, look for alternatives to the dollar. If the U.S. dollar loses its dominance, we can't offload our debt onto the entire planet. Today, it's just a market crash. Today, many of you are significantly poorer than you were last night.

But we are on the precipice of something far, far worse. And it's all a byproduct of Kamala Harris and her regime. We should no longer mention Joe Biden. Do you see what Joe Biden did last week at the hostage thing? It's very telling. Two parts of it. Number one, Joe Biden literally went on the plane. The hostage came off of as if they're boarding the plane. Number two, Kamala Harris didn't stop him. Just leading the lamb to slaughter.

This is all a byproduct of Kamala Harris mismanaging the economy to the brink of total disaster. If we are to give Kamala Harris four more years of this, we will enter an economic nightmare, an economic nuclear catastrophe. This is nature warning you. This is nature saying, okay, you might be all up on complementum,

Playtime is over, everybody. And for all of you that have Democrats in your local life or Democrat neighbors, it's time for you to be awfully forceful about this. Enough of the dancing on TikTok and all that nonsense and Kamala Harris, let the future begin. By the way, what an incredibly Marxist, great leap forward, Hegelian type of message. You know, the Oliver ads say Kamala Harris, let the future begin. This is a real time, by the way, of the Dow Jones Industrial Average.

Down 2.8%, 3.94%. The NASDAQ has never had a day as bad as it's had. Now, America, we are a much weaker country than we were 15 years ago. Thanks to our oligarchs and our plutocrats.

The only reprieve we had was Donald Trump for four years. Our middle class is weaker. Our debt is greater. Our elites are even more incompetent. And by the way, we have not even we mentioned this previously slightly, but a war might break out in the Middle East, which would drive oil prices through the roof.

As bad as it is here, it is even worse in Japan. Japan is going into something close to a Great Depression. And Japan, by the way, is a warning sign for America. Japan, by far, has the highest debt-to-GDP ratio of any modern country. They have a 350% debt-to-GDP ratio. Modern monetary theory and quantitative easing has been going on in Japan since the early 1990s. They have refused to cut spending, refused to get their fiscal house in order, and...

Japan is now collapsing as we are now collapsing. Is Kamala Harris going to do a press conference today? Is anyone going to do a press conference today? Do you know that Biden's chief White House economic advisor resigned today? Just resigned that not only are you being run, we are being run by evil people. These people are really dumb.

We are dealing in dangerous territory here where your entire life savings could poof, be incinerated, eviscerated. In fact, we're getting email after email. Charlie, I lost $25,000 today. Charlie, I lost $100,000 today. Charlie, I lost 5% of all my earnings. This is the beginning, just like 1929. And if Kamala Harris is to become president of the United States for four more years, everything that you have worked your life towards could disappear in an instant.

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We are getting emails and emails. By the way, I love hearing from you. And especially I want to hear about your take on economic news right here. Leslie says, Charlie, I looked at my 401k and I've been losing money like crazy. This is insane. Yeah, that's right. And that's what's really sad. It's like the plutocrats are going to be fine. But right now, the plumber, the electrician, the welder, the teacher, the firefighter, the policeman, poof.

Your life savings is getting deteriorated in real time. Nearly $1.2 trillion have been liquidated from the cryptocurrency market, by the way, in the last 24 hours. Let's go to cut one here. This is CNN going back to Friday. We got a lackluster jobs report. CNN is reporting how Joe Biden and his regime and Kamala and the regime have been lying about the jobs numbers. We've known about this for some time. Now let's think about it.

They lied about how many people died of COVID. They lied about early treatments. They lied about masks. They lied about social distancing. They've lied about how many people are coming across the border. They've lied about inflation. They lied about economic numbers. Why should we trust them when it comes to, oh yeah, the jobs reports are completely accurate. No, they have been saying the number was good and then they downgrade it six months later. They say the number is good and then they downgrade it six months later. The federal government

has lost all trust of any independent observer. When they say, oh yeah, the numbers are good, then all of a sudden they go back six months later and they dramatically change the numbers. Play cut one, please. Let's go back to Friday in the United States. We got a lackluster jobs report. Wall Street didn't like it. We saw a slump. Now,

Now, Monday morning here in Asia, among the many worries on the list for traders here are high interest rates in Japan. Traders there didn't take it so kindly. And we saw these big drops today on the stock market in Japan.

Now we have a new week in the United States. And among the events that are happening, a number of companies, big companies, brands that we know very well, their CEOs are going to start reporting their earnings.

The concern is not how much they made this quarter. The concern is what do they think about the future? If they feel a little bit hesitant, if they don't think things are so rosy when they give these remarks, Wall Street may very much react. This is going to get worse before it gets better.

This is just the beginning of the bad economic news. By the way, tech is usually on the front end. So big tech, Intel slashing 15,000 jobs, Amazon stock is down nearly 20%. It's because our current economic model is built on a cheap money house of cards.

We have turned the money printer on and we flooded the system. We are borrowing $2 trillion a year this last couple of years when we're not in an economic crisis. We're not in an economic good situation, but we certainly were not in economic crisis. Now we're in an economic crisis. We're now supposed to go borrow $3 trillion. We grew addicted to the relentless stream of deficit spending and cheap money.

Because our leaders in Washington, D.C., specifically Kamala Harris and her entire Leviathan, were uninterested in cutting spending. Interest payments on the national debt are already equal to defense spending. Think about how disastrous that is. And this program, since we started 12 years ago with Turning Point USA, we've been warning about the debt and warning about the debt. But leaders in Washington, D.C. couldn't care less about the national debt.

To give you an idea of how enormous our problem is, we could disband the entire U.S. military and we are still in the hole. This economic crisis is a national security issue. Over $1 trillion a year in interest payments alone. And the current kleptocrats of Nancy Pelosi and Chuck Schumer

And Kamala Harris and Bernie Sanders and Elizabeth Warren and Cory Booker, they could not care less about the damage that's being done to the country because it is the Cloward-Piven strategy. Kamala Harris wants to see the elimination of the United States of America. The Cloward-Piven strategy is we are communists, number one, who hate America, and number two, we are going to do things to destroy the country. And we do that by...

Mass inflation and mass migration. Mass inflation and mass migration. Ruin the dollar, open the borders. Ruin the dollar, open the borders. And that's what you're seeing on a daily basis. We are being invaded by foreigners every single day. And your dollar is becoming worth less and less and less. Now the number is now nearly $2 trillion wiped out from the stock market. There's now fears of a global recession. There is only one solution to this.

and that is to make the 45th president the 47th president. I want to play another piece of news here.

From the economic bloodbath, this is Fox Business Reports. We have never seen a day this bad on the NASDAQ play cut to. History in the making of what some would call history. Don't say that. Never been down a thousand points ever, not even intraday on the NASDAQ. Is that true? That is true. OK. I'm down six percent right from the get go. This is heavy, heavy, big tech. Here we go. Look at them go down.

Microsoft is down 20 bucks. That's 5%. Alphabet, 5%. Meta, 6%. Amazon, 6%. Apple, 9% down. And this is just the beginning. Who is running the show here? Who is in charge? This is one of the most important pieces of tape that the people who are running the economic policy for the current regime cannot answer very simple questions that are

A high school econ student would be able to answer. Not only are you being run by ideologues, you are being run by imbeciles. This is the chief economic advisor to Joe Biden, Jared Bernstein. Jared Bernstein is someone who has a Ph.D. from college. Remember, we tell all of our kids to go to college because that makes you smarter. No, it doesn't. It makes you dumber. He's the 31st chair of the Council for Economic Advisors. He's a Democrat.

He studied first at the Manhattan School of Music, then Hunter College, and then got his Ph.D. from Columbia University. He is the current chair of the Council for Economic Advisors. So while now your life savings are poof going away because of Kamala Harris, Jared Bernstein cannot explain to you how inflation and money printing works. Play cut 14. The U.S. government can't go bankrupt because we can print our own money.

Like you said, they print the dollar. So why does the government even borrow? Well, the... So the... I mean, again, some of this stuff gets...

Some of the language and concepts are just confusing. I mean, the government definitely prints money, and it definitely lends that money, which is why... The government definitely prints money, and then it lends that money by selling bonds. Is that what they do? They...

They yeah, they they they sell bonds. Yeah, they sell bonds. Right. Since they sell bonds and people buy the bonds and lend them the money. Yeah. The funny thing about this clip is that it's propaganda for unlimited money printing. So it's exposing incompetence to advocate for even more insanity. He continues cut 15 where he is fumbling over his explanation. This guy is the head of the he is the chair of the economic advisors for Joe Biden. And he can't explain that.

Very basic elementary A, B, and Cs of economics. This is who currently is running the economy. Play cut 15. A lot of times, at least to my ear with MMT, the language and the concepts can be unnecessarily confusing, but there is no question that the government prints money and then it uses that money to... So...

Yeah, I guess I'm just I don't I can't really talk. I don't I don't get it. I don't know what they're talking about. Like because it's like the government clearly prints money. It does it all the time and it clearly borrows. Otherwise, we wouldn't be having this debt and deficit conversation. So I don't think there's anything confusing there. That makes sense to you. Now, this is not a personal attack, but this person is a moron. He could be a great guy, but he has a Ph.D. from Columbia and he is the senior advisor. He is the chair of the economic advisors to Kamala Harris.

The senior economic advisor, just so you understand, he is in charge of all the other economic advisors. He's the chair of the Council of Economic Advisors. And it says here he is the senior fellow at the Center for Budget and Policy Priorities, chief economist. The U.S. economy is being guided by people who fundamentally do not know how the economy works. And it's even worse outside of that bubble. This guy's in charge. Imagine how bad it is two or three standard deviations down from him.

The people making our foreign policy decisions who want to pick fights with Russia and China and Iran do not know what they're risking. They sanction Russia without realizing it will destroy the dollar. Are you worried about the future of the U.S. economy? With so much uncertainty in the air, it's natural to fret about the security of your retirement savings. But there's one asset that stands the test of time, and that is gold. For centuries, gold has been a hedge against market volatility and economic instability.

We'll be right back.

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And the incentive right now is that in Wall Street, people are saying Kamala is the favorite. And this is very slightly in the betting markets. All this Kamala-mentum. Sell, baby, sell. Take your profits. If Kamala Harris becomes president, she will put forward the greatest tax increase in American history. As vice president right now, she has said we are going to ban all fracking. She wants to give amnesty to all illegals. The border has been completely wide open.

This is by far the most radical person to ever become vice president United States. And for all intents and purposes, she is overseeing this market collapse. As I host right now, the Dow is down 2.1%, 837 points. And the media and the media is trying their best to ignore this. But guess what? People's 401k and people's money. It, it overcomes any censorship opportunities or attempts, censorship attempts by the regime.

Right now, I'm looking right now, NBC News. Trump ditches upcoming ABC debate. That's the headline right now of NBC News. Breaking news. Now, I'd say the breaking news is probably the fact that people's 401k is worth significantly less. The economic agenda of the Biden-Harris presidency, more importantly, the Harris-Biden presidency, has been very simple. Print money into oblivion.

And I think the Venn diagram is best to describe this. Let's put this up on screen because Kamala Harris, being a very stupid person, is not able to understand things. So she likes Venn diagrams. Let's just see this, okay? Kamala on the left plus economy. Oh, Kamala crash. Got it. Kamala economy, Kamala crash.

I've been speaking to money managers throughout the last week, and they've been warning about this coming. They're saying the lack of economic confidence is profound. There is no widespread agreement that the current trajectory is going to be positive. Warren Buffett sold half of his Apple stock. They know that Kamala Harris will drive this country into the gutter.

Recent polling shows that just on the economy, Donald Trump has a 31 point advantage on the issue of the economy in Michigan. 31 point advantage on the issue of the economy in Pennsylvania. 38 point advantage on the issue of the economy in Wisconsin. So the the Fed is going to try to come in and bail out Kamala Harris, Jerome Powell. But the Fed is in a really tough spot. If the Fed would have acted last week, they could have maybe calmed some of this down.

But if the Fed comes in now and just they lower basis points by 0.25, they go down by 0.25 basis points, the market is not going to respond kindly. Even if they go down by a half of a point, the market wants something dramatic right now. And I don't think they're going to get it from the Fed because inflation is not transitory. Inflation is as hot as a pistol. And by the way, the Fed should be in full retreat right now. We do have real inflation. Cutting interest rates is the wrong move right now. And it would be a purely political move.

to try and bail out Kamala Harris. Let's go to cut four. Investors are responding to the Friday jobs report.

Let's play cut four. Here, investors are responding to that Friday jobs market report on the jobs market showing that employers added just 114,000 jobs in July, and that was well below the 185,000 forecast. The unemployment rate jumped to 4.3%, which is still very low, but it shows joblessness has increased more than half a percent since January. And it's something that

It just doesn't usually happen in a healthy economy. A rise like that is historically a sign that a recession is imminent. This is the Kamala collapse. And will she go and take questions from reporters today? Here's a really interesting question. Can Kamala Harris explain supply and demand? Does she know the difference between the U.S. Treasury and the Federal Reserve? Does Kamala Harris know what modern monetary theory is? Does Kamala Harris know what money velocity is? Does Kamala Harris know...

Anything about quantitative easing. Does Kamala Harris know what a bond is? Does Kamala Harris know what a treasury bond is? Does she know what a two-year treasury is? Does she know what an equity is? I mean this without any sarcasm. Could Kamala Harris do a press conference and receive questions about, hey, do you know what a put option is? Do you know what a call option is? Do you know what a short is? Do you know how hedging works? Could Kamala Harris answer 10 basic questions on economics right now? Could she?

Does Kamala Harris know anything about the economy? Or is she just going to talk about being unburdened by what has been so that we can see the potential of what could possibly be? A journalist should ask. A journalist should say, hey, Kamala Harris, what is your opinion on the two-year treasury being inverted? What happens when bonds go upside down? What confidence can you give investors and everyday mom-and-pop folks that

Things are going to be okay. The fact that the yields have turned upside down. Or are we just going to allow the country to be driven off a cliff because you guys are afraid to ask Kamala Harris questions? I don't think she knows anything about the economy. She'll just start waving her hands about Venn diagrams or prepared remarks. She has not taken questions in 15 days. These emails we're receiving are so sad of people that are losing a ton of money today.

I mean, look, I hope the market recovers. I do. I don't want to see people lose money, but I'm afraid that it's going to get a lot worse before it gets better. And the only way it gets better is if we elect Trump. The agenda of Kamala Harris would be Green New Deal, wealth confiscation, massive taxes, open border, amnesty. There would be no fixing the debt and deficit. And remember, she is the current vice president.

of this country the current vice president kamala harris has been bragging about the economy this is back when she used to take questions and just a reminder it's been 15 days since she's been the presumptive nominee and she has not taken questions play cut seven all that ladies and gentlemen and everyone else that is called by the nomic that is called by the nomics and we are very proud of by the nomics she's very proud of it middle class wages are going down people cannot own homes

The basic things of life are increasingly out of reach for everyday Americans. Our fertility rate is down. We are becoming a nation of renters, not of buyers. And she she's the current vice president and presumptive Democrat nominee. And she has not sat down for an interview or for a press conference. What is she afraid of? And let me just take a little side note.

You do not hate the media enough. The media is the enemy of the American people. Do you know the media is doing this narrative? Oh, Donald Trump is afraid. He got shot three weeks ago and defiantly raised his fist and said, fight, fight, fight. And you call him a coward. You're a disgusting vermin. If you say that, which by the way, the media is full of these maggots and that's what they are. Oh yeah. Donald Trump is a coward. He got shot. Have you gotten shot? Joy Reed. And you, you raised your fist in defiance.

You know who is afraid? Kamala Harris is afraid. She's afraid of people who are supposed to be her allies. Kamala Harris is afraid to take questions from anybody in the Washington press corps. Could you imagine a Kamala Harris press conference for 30 minutes? She would lose it. She has no talent. She won all the delegates without ever taking a press conference question.

And she's going to do this swing state tour with whoever her VP is, which we should find out imminently. Is it Josh Shapiro? Is it Tim Walls? Is it Mark Kelly? Probably Walls or Shapiro. Most likely Shapiro is what it looks like. Is she going to take any questions on this five-state, this seven-state, five-day tour when she's gallivanting around the country, saying the same thing over and over again while the market is collapsing and the Middle East war is brewing? Is she going to take a single question?

You saw how she did last week with the hostages. Her first off-the-cuff remarks. The power of diplomacy is very important because we must understand the power of diplomacy. And that was one of her more articulate statements. Let's play another piece of tape here. Joe Biden was saying, remember, he fixed the economy. They said that they cured all these problems. Play cut eight. You know, this may surprise me. I'm calling for a 75 basis point emergency cut in the Fed funds rate with another cut

75 basis point cut indicated for next month at the September meeting. And that's minimum. The Fed funds rate right now should be somewhere between, you know, three and a half and four percent. Let me give you very simple logic of my position here. At the June meeting, the Fed has said that the long run Fed funds rate

When inflation reached 2% and unemployment has come up to 4.2%, should be 2.8%. That's the normal.

We are far from normal territory. Oh, this is Kamala Harris doing a press conference a little while ago about economics. This is the brilliance of your current vice president. And she is the shadow president right now. She is the shadow president of this country. Play cut 19. What else are you going to do to fix this problem with inflation? Thank you. Well, let's start with this. Prices have gone up and families and individuals are

are dealing with the realities of that bread costs more, that gas costs more. And we have to understand what that means. That's about the cost of living going up. That's about having to stress and stretch limited resources. That's about a source of stress for families that is not only economic, but is on a daily level, something that is a heavy weight to carry.

She's worse than Biden. Thanks so much for listening, everybody. Email us as always freedom at charliekirk.com. Thanks so much for listening and God bless. For more on many of these stories and news you can trust, go to charliekirk.com.