Topic: Payrolls

U.S. non-farm payroll numbers are plunging as consumer spending slows down due to high costs. Dr. Kirk Elliott notes that more people have lost jobs than have been hired over the last nine months, signaling a weak economy. The potential physical closure of the Strait of Hormuz by Iran is described as the final step toward a total economic disaster.

Donald Trump reports the removal of 270,000 bureaucrats from the federal payroll, arguing that government jobs are not "real" jobs. He claims that 100% of new jobs created under his administration have been in the private sector, whereas one in four jobs under Biden were government-based. Trump asserts that former federal workers are finding higher-paying roles in the private industry.

June payroll data shows 147,000 new jobs added, with unemployment dropping to 4.1% despite negative outlooks from rating agencies. Jones warns that Democrats may attempt to stage false flags to regain control, citing past events like January 6 and the Governor Whitmer kidnapping plot. He suggests mercenary groups are hesitant to cooperate now that Democrats have lost total control.

Elon Musk elaborated on the "pulse check" email sent to government workers, suggesting that some individuals on the payroll may be deceased or fictional. The goal is to ensure that every person receiving a taxpayer-funded paycheck is performing an essential job. Musk noted that the President encouraged him to be more aggressive in identifying workers for potential termination.

Edward Dowd explains that the current administration has "cooked the books" regarding employment and GDP numbers. He warns of a $3 trillion commercial real estate crisis that the New York Fed is preparing to blame on Trump. Dowd notes that Warren Buffett is amassing record cash reserves in anticipation of a significant market downturn and regional bank failures.

The program concludes with a warning that the establishment may use economic collapse or civil unrest to suspend the upcoming election. Recent ADP payroll data showing a slowdown in wage growth and employment is cited as evidence that the "Bidenomics" boom was a fabrication. The hosts urge listeners to prepare for a "hard landing" by securing their finances and building local community networks.

ADP payroll data shows a significant tumble in job growth and slowing wages, contradicting the Biden administration's positive economic narrative. Projections suggest another round of major bank failures could occur by July 2024 as institutions remain undercapitalized. This instability is expected to drive further interest in silver and gold as investors seek safety from a potential stock market correction.

Alex Jones returns to discuss the financial reality of Infowars, stating the company is "on the edge" and struggling to meet payroll. He labels the Mar-a-Lago raid as "total election meddling" intended to prevent Trump from running while he is leading in the polls. Jones reiterates that the lawsuits against him are "show trials" designed by Democrats to shut down his broadcast permanently.

Tax professional Tyler Bennett joins the show to discuss how Americans can use legal loopholes to reduce their tax burden. He claims his firm has saved InfoWars listeners $27 million that would have otherwise gone to the "evil empire" of the IRS. The segment emphasizes that the wealthy use these same strategies to pay little to no taxes, and the middle class should do the same.

The host describes a "perfect storm" of money printing and goods shortages, comparing the current US economic path to that of Zimbabwe. He expresses intense personal anxiety over the inability to stop the country's descent into what he calls "the mouth of Satan." The segment laments the perceived softening and stupidity of the American public, which has allowed "industrial level" evil to take root in society.