Live from Studio G—in the heart of what’s left of this great country—I’m Steve Gruber, fighting for you every day from the foxhole of freedom to defend what freedoms we have left—Thank you for being here—this is the Steve Gruber Show—
AND Here are 3 big things you need to know this hour—
Number One— The U-S Senate is apparently completely tone deaf—and is so completely out of touch with America—that they just shoved through $95 Billion dollars in new aid—the vast majority of which is earmarked for the corrupt regime in Ukraine—
Number Two— Over in the House—they are not as tone deaf—and last night they voted to impeach Alejandro Mayorkis—it’s the first cabinet member impeached since 1876—BUT it could create other problems in the future— just another warning—
Number Three— The warning lights are flashing and the Red Flags are flying at every turn these days—we are in a very dangerous place—in so many places that any one of them could trigger a full blown crisis—NOT the kind that they pretend we have BUT actual full blown emergencies that will place the entire country at risk—
In this election year the stakes could not be higher for our future—
The economy is our first stop of many today—because after much higher than expected inflation numbers on Tuesday— Wall Street had its worst day in a year—
Stocks on the Dow, Nasdaq and the S and P 500 were all off by almost one and a half percent—
This comes after we already learned that consumer debt has set an all time high with tens of billions of dollars added at the end of 2023—credit cards and car loans are leading the way for those who default—and its not getting any easier—
The reason the numbers fell like a stone on Wall Street is simple—investors were expecting a drop in interest rates from the Fed—in fact some were suggesting rates could be cut as many as four times this year—BUT that is pretty much off the table now—because with inflation squarely above 3 percent—it seems unlikely any more than two rate cuts are going to happen in 2024—and right now—I would not even bet on that—
But this is just the beginning of the warning signs we are seeing today—
We are just learning—that not only is the US Senate and the Biden Administration pushing for more funding to keep the deadliest War in Europe since World War II, going as long as possible— BUT late yesterday Reuters broke a story that Washington killed a deal for a ceasefire offered by contacts reaching out on behalf of Vladimir Putin—
It seems your countries leaders don’t actually want a peace deal—BUT instead want to shovel billions of dollars we don’t have to fund the ongoing and deadly war—
BUT the problem is—Americans, ordinary taxpayers like you and me don’t support such a thing—and poll after poll shows that Americans reject the idea of being involved in Ukraines war any further—