Cardi B addresses inflation and rent costs on Instagram Live, correcting her initial stance that interest rates don't matter by acknowledging soaring prices due to low inventory. She critiques California's rolling blackouts linked to Oroville Dam drought levels while blaming Biden's pandemic spending and Ukraine aid for driving inflation globally. Despite her explicit language regarding selling her body to afford housing, the segment highlights her limited economic understanding compared to historical financing realities, ultimately questioning her credibility as an economist amidst global price surges in nations like Britain and the Dominican Republic. [Automatically generated summary]
Transcriber: nvidia/parakeet-tdt-0.6b-v2, sat-12l-sm, and large-v3-turbo
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Interest Rates Matter00:03:26
Yeah, got a new show for y'all.
Today, we're talking about Cardi B, the philosopher, the world infamous rapper.
The world infamous rapper.
She's infamous.
She came up with that song, WAP.
What?
Can't say the wrist because I'm Christian.
Well, she went live on Instagram again, talk about things she evidently know a lot about.
Inflation and politics.
Majority of it's your fault because you told everybody to vote for this idiot.
Now you want to add some insight?
Yeah, but I don't think she thinks it's his fault.
She don't?
No.
You got to be kidding me.
No, she don't think it's his fault.
She's a biden lover.
Check out the video.
A couple of months ago, I was helping a cousin get an apartment, right?
Nice.
And now I'm helping somebody else get an apartment.
Bro, I was looking at some areas.
The way that the prices soar up, the way that the prices soar up, because I'm guessing that even no motherfucking inventory when it comes to homes they're selling right now.
Nobody's even trying to sell their fucking homes.
So everybody's like, yo, when the interest rate is good, it's high.
That's great because people have to fucking sell their home for less.
So you could buy a home for less.
And it's like, bitch, it doesn't matter if the interest rate is motherfucking high as fuck.
And actually, bitch, there's not even...
Pause it.
Why are you talking and doing all this damn tapping?
Well, she got the new nails.
She got to let everybody.
Why are you doing all that damn tapping?
Hey, she was talking about homes and like rents, you know, through the roof everywhere.
But when she's talking about interest rates, it doesn't matter.
Look, when the interest rates are low, you can buy more of a home.
You can afford more home.
Now the interest rates are going up.
So you afford less home because your payment's higher because the interest rates higher.
Interest rates are very important.
Yeah.
I don't know why you say interest rates don't matter.
Yeah.
Interest rates matter.
Just like Black Life.
Hey, interest rates don't matter.
And she said, then she called that whoever brought it up a bitch.
Interest rates don't matter.
Yeah, they matter.
They matter a whole lot.
The reason why they're raising up the interest rates, because what you're talking about, this inflation, it's a huge problem.
And interest rates have been down for years, really low.
And this has been a growing problem for, I would say, the last six, seven, eight years.
It's been steadily growing.
And then when this pandemic came and shut everything down and you opened back up everything and then it just blew up.
Yeah, but interest rates do matter.
The lower your interest rate, the more car you can afford, the more home you can afford, the more anything that you're trying to finance.
Go in and buy, well, what's her car?
Piece of shit, cheap car.
Ford Fiesta.
Go in there and they give you a 20% interest rate.
That Ford Fiesta is going to cost the same as a Mercedes-Benz.
Interest rates don't matter.
You talking out the side of your head.
All right, keep playing the video.
The Tory, that's one, but that's another.
That's another shit.
Now let's talk about the fact that the fucking rent I'm talking, I was talking about buying house.
Now I'm going back to rent.
Rolling Blackouts Explained00:09:05
Like, how are people surviving?
I want to know.
You know, like my family and my friends, they're so grateful to have me.
But it's just like, yo, what happened to people that don't have a me?
Tapping.
What's going on with the people that don't have a me?
Not just renting themselves.
Britain and LA, they're going to start having more blackouts because Britain got to pay double the price when it comes to electricity and LA and shit.
And sometimes, you know, one thing that people...
She brought up.
What the hell did she just say?
She's talking about rolling blackouts.
Now rewind that part.
No, I ain't rewinding shit.
I don't hear that, man.
I'm going to make sure I heard that.
Yeah, this is a shit.
You got to pay double the...
What'd she say?
All right, go back.
Go back to 30 seconds.
I couldn't hear all that damn tapping.
What's going on with the people that don't have a meeting?
I just read some shit that like Britain and LA, they're going to start having more blackouts because Britain got to pay double the price when it comes to electricity and LA and shit.
And sometimes, you know, one thing that people was coming at me every single time.
Go ahead and pause it.
She's going to have more blackouts because the...
You paying double electricity.
That don't mean rolling blackouts.
It just means your bill goes up.
The reason why you're having rolling blackouts in California is because your energy infrastructure sucks.
Y'all trying to go green.
What happened was y'all got like a lake up there.
It's actually a man-made lake.
Yeah, I don't even call it a lake.
Lake is bullshit.
I think somebody came in and dumped a bunch of water.
Oh, no.
What happened is they put up a dam and made a lake, right?
Yeah, it's just a pool of water.
It's not a lake.
Men made that.
Well, they call it.
Only God can make lakes.
Let me say something.
Like the Orville Lake.
Y'all's stupid governor even brought this up.
The water level in Orville Lake, the man-made lake, is going down.
So they had to shut down the power plant.
It's a hydro power plant.
And they used that for energy for everybody that lives in California.
Well, they shut that plant down, that power plant down because they got no damn water in there.
So now y'all don't have the damn energy to keep people's lights on.
That's why y'all stupid governor, that state y'all live in, that governor y'all love so much.
That's why that some bitch got on national television told everybody to take that damn thermostats up to the 85 degrees.
Yeah, it ain't nowhere in hell.
Even when he gave that speech, there's no way in hell his thermostat was set to 85 wearing a suit and a tie.
That dude would be sweating like he's playing tennis.
That dude was dry and cool.
Yeah, the reason, whatever, keep playing.
The reason why you have rolling blackouts is because that particular area has, you know, the infrastructure sucks.
Their power grid sucks.
It has nothing to do.
They're trying to go green in California.
That's why y'all have rolling blackouts.
Y'all got this fantasy world where you're going to just live off a damn solar and wind.
Live off a damn...
You're going to live off a damn lake that y'all made and just put a dam right there.
Hey, Cardi B, you can't live on solar panels.
Not yet anyway.
Maybe in the future, but not right now.
Let's keep watching.
All that damn tapping she done, though, man.
She going to still do all that tapping.
I wish you would stop cursing so much.
Yeah.
All that damn cursing.
It's okay to curse, Cardi, but when you curse, you should have a reason.
Yeah, you're just saying it just to say it.
You using damn cuss words for nouns, adjectives, damn prepositions.
You use, I mean, you making rappers look ghetto.
Well, y'all already doing that shit.
All right, let's make a song called Wet Ass.
Can't say it because I'm Christian.
Say you almost made me cuss.
Your sins are starting to rub off on a good man.
Hey, man, let's go to the video.
And we're saying that something bad in the economy is happening.
And people be like, well, you was the one that told people to vote for Joe Biden.
But this is the thing, right?
After the pandemic, I knew that this shit was going to happen.
Oh, no, she was going to have a financial.
She, you didn't know shit.
Well, don't, no, Maybe she's psychic, man.
She's a rapper.
She might be psychic.
Yeah, but there was people saying that.
I was like, that was sarcasm.
You didn't catch it.
You thought I was being serious?
I was being sarcastic.
Supposed to catch that, man.
You're supposed to be an intellectual.
I was trying to make, I wasn't really paying attention, man.
But, hey, Cardi, just because you are A great rapper, well-established rapper does not make you an economist or a philosopher.
I mean, you knew if you knew, why didn't you bring up the fact about the interest rates that I just explained?
If you knew, man, you know, she man, she don't know what she's talking about.
She just talking.
This IG live, man.
She just talking.
Inflation is because low interest rates in part because our government's been spending trip, man, trillions of dollars.
We're sending billions to Ukraine.
We put out trillions of dollars during the damn pandemic.
Yeah.
And Biden's not done.
He wants to spend some more damn trillions.
That's why we got this problem.
That inflation act, he's trying to pay out student loans.
He's not the cause of inflation, but he's making it worse.
Yeah.
Yeah.
He can't continue to say it's not his fault.
It's not his fault, but he keeps spending, spending, spending.
He's making things worse.
He has to be accountable for that.
Yeah.
Gas prices are high.
He could have put a dent in that by keeping that pipeline open and making us more energy efficient so we don't have to depend on other people.
He could have made a huge dent into it if he'd have used some diplomacy.
This whole Ukraine thing that's going on that war, I only think it's an issue if Trump's if Trump is in office.
Yeah.
It's a possibility.
They're not even at war if he's in.
But you still defending this dude.
Same dude that said, if you don't vote for me, you ain't black.
Yeah.
Is it more?
Yeah, some more.
She's a philosopher.
She's philosophing.
And the thing about it is that this is not only in America, it's all over the world.
All over the world.
Like I went to the Dominican Republic and shit is expensive out there too.
And this shit is all over the world, bitch.
But right now, though, like, niggas is this is insane.
And I want to add, I want to, I want to, like, I want to tell y'all that I get it.
Don't ever think I'm one of these rich people that don't don't get it and don't give a fuck.
I get it.
I care, but I can't do shit about it, bitch.
I can't do shit about it.
I don't got no positions in the motherfucking government.
I know what the fuck is going on.
But I just, I, hold on, let me clean the let me clean the motherfucking camera with my titty.
Man.
Oh, shit.
I think I fucked up this shit up.
So yeah, oh, shit, for sure.
Like, my camera was dirty for sure.
Cause now, bitch, now you can see a bitch more clear.
Not like some serious shit.
Like, it's like, this is insane.
Like, the way that the rent has been rising, I just really be wondering, like, yo, how is people fucking keeping up?
Because all these promises are being made, but living is unbearable.
Like, let me tell you something.
If you're planning to fucking move out your parents' house, bitch, you better fucking go clean the motherfucking dishes right now, bitch.
If your mom is making you, if this is annoying, if it's annoying to live with your mom, bitch, you better go clean them fucking dishes because the rent right now, bitch, I don't know.
You're gonna have to sell your soul or your pussy.
Or you're gonna have to sell some dick.
You're gonna have to sell.
You're gonna sell your.
You have to sell some dick, nigga.
You're gonna have to sell some dick or some pussy because the rent is really high.
Even in the hoods.
Even in mice, rats, possums, fucking infesting motherfucking apartments, bro.
And this shit is not fair.
Yes, that's why Biden went to her because she's got like 130 million followers.
Said, man, if they following her, I bet y'all can get just get 10% of them people.
Go vote for me.
Yeah, you totally don't get it.
You said a Dominican Republic is expensive.
I can go there and live like a king.
I can buy me like 10 houses, like 50 years' worth of groceries, 50 years of groceries.
What are you talking about?
Shit's high in the Dominican Republic.
Hey, Cardi, man, I swear, man, you crazy as hell.
I can't believe anybody would sit and listen to you about politics.
I don't think she's being serious.
I think she's just joking, right?
You better go out and like sex your body and but, man.
I mean, I'm not going to take her serious because she's telling me to go out and suck some debt to pay my rent.