Appearing on Face the Nation (FtN) Goldman Sachs CEO Lloyd Blankfein discussed his views and perspectives on the economy overall and U.S. inflation specifically. Undoubtedly Blankfein has access to resources and analysis far beyond CTH scope; however, despite a statistically factual contracting GDP, Blankfein is claiming to see overall demand side inflation remaining in the macro economy.
Perhaps that view might still be true domestically on the service side (it certainly isn’t on the trade side), but demand driven inflation does not appear visible on the goods side of the economic ledger. What is clearly present as the price driver is “production side inflation,” the costs to create goods and bring them to market. If you look at economic activity in units instead of dollars, the units are contracting.
The demand for goods is now focused almost entirely on priority or essential purchases like housing, energy, fuel and food. The price for those essential products is driven by production costs, which are a direct outcome of the energy policy, environmental policy, regulatory policy, and to a lesser extent trade policy, of the Biden administration. Blankfein is pretending not to know things… WATCH:
Putting housing aside due to investment purchasing of real estate, if Blankfein was correct, and demand was still driving inflation, then a massive deflationary cycle would be coming as a result of lowered consumer purchasing of goods. There isn’t any chance we are going to see “deflation” in the next several years. [We will likely see housing prices collapse, but not consumer goods.]
Inflation is being driven by production costs, and there is no end in sight to the production cost increases as long as the crew behind Joe Biden keeps strangling the U.S. energy sector…. and then compounding the domestic price issue by creating incentives for energy exports (vis-a-vis EU sanctions). The production inflation is a purposefully inflicted wound on our economy. Production inflation is avoidable.
That interview is Wall Street gaslighting to a Main Street audience. I don’t like it one bit.
He looks like the cat that swallowed the canary.
Jack@ss proudly appearing there on CBS’ Slay the Nation. (Hat tip – Rush Limbaugh)
Betray the Nation would work.
The USA is falling.
Eventually you will see USD driven inflation as people dump the dollar for spend elsewhere. The USA now has political risk that previously did not exist.
Nobody wants to factor in this area of inflation pressure.
“I understand that people THINK that Paul Volcker conquered inflation by pushing interest rates to insane levels. Let’s get something straight — the high-interest rates did NOT stop the inflation. Volcker drove the value of the dollar higher and that produced DEFLATION, driving the British pound to $1.03 by 1985.”
https://www.armstrongeconomics.com/armstrongeconomics101/economics/inflation-recession-rising-rates-rather-than-lower-rates/
based on the dollar index from yahoo charts, during Volcker, the Dollar rose to 165. There is another area at from 2001 at the 120 area that I expect the Dollar to test.
Without gold what do we compare the dollar against? Western world basket, Yen, Euro, Pound? While the Euro did not exist back then, pretty much same thing. When they come up with a new trade currency, it may not include any Western currencies. This is going to be a whole new territory. A severe loss of influence for the USA.
I propose the Alaskan King Crap Leg price index. How many lbs can you buy for $100.00. There is the new valuation model for the USD.
Bertdilbert:
I have the idea in my head that a gold backed currency only works in a “closed” economy.
By a “closed” economy, I mean one not open to foreign imports.
Because, in an “open” economy, foreign imports would provide your gold based economy cheap slave manufactured goods, and take gold as their payment. They do not pay their workers in gold. They pay them in shit. They would not care about the quality of life in their own country. The gold the leaders bank.
For a while, BertDilbert country folks would have a lot of cheap foreign goods to consume, very happily.
Then they would run out of gold.
Then they would eat shit.
Game over.
For all his criticisms, President Nixon put a stop to this in the 1970’s. Because there was a run on US gold. Peeps around the world (bankers) were turning in gold based US Dollar certificates for gold. And we were running out.
Math. It is difficult. Try some. May help.
OGDuck
$70 for one King Crab leg here in SE USA, Sams Club. So yeah that will work.
They have to be pretending not to understand this.
Finance is their business.
They are savants at numbers.
They know.
Actually, they are just corrupt.
His “expertise” is putting a credentialed bowtie on a pile of steaming BS.
Pretty much.
Actually (and scarier, IMHO),…NO.
It IS possible, and even likely that they REALLY believe the nonsense they are spewing.
“Finance is their business”, (so the MUST know)?
Rocket science is the Business of NASA, and yet they downed on Space shuttle, killing 7 astronauts, because of 0-rings.
And, even after the second disaster, most argued a relatively small piece if foam insulation, weighing very little, could POSSIBLE punch a hole thru the shuttle, no matter how fast it was going…right up until they used a compressed air cannon, to shoot a piece of insulation at a wing section, proving them wrong.
Humans make a decision, what to believe. And there are MANY factors influencing such decisions.
Bottom line is, the leftists really DO believe MUCH of the rediculous, illogical narratives they espouse.
Which to me is far “scarier” than if they didn’t.
Dunning Kruger Effect. They THINK they’re smarter than they are.
“The Dunning-Kruger effect is a cognitive bias in which people wrongly overestimate their knowledge or ability in a specific area. This tends to occur because a lack of self-awareness prevents them from accurately assessing their own skills.”
Psychology Today
Which, oddly enough, might help explain why so many of them are confused about their own gender. Lol
I go by the 80/20 rule. 80% of the people are wrong 80% of the time while 20% of the people are correct 80% of the time. It has been this way since before Jesus.
NASA engineers did not know All Oxygen Atmosphere would burn up a capsule with men inside?
Why did they fly it, anyway?
Godspeed, Grissom-White-Chaffee. Your fire still burns.
Simplest of mental models, think.
Idiot Savants in some respects. They are one of the criminal democrats & Uniparty traitors biggest campaign contributors. They are all in on this carbon tax racketeering scheme that will royally screw the people and small businesses and enrich their already ill gotten wealth. If there was a real Bastille type day here they should get it good and hard like many others deserving of it. Make your lists
What is best for their international system is rarely what is best for our country and the real Americans within it. This applies to every aspect of governance by ‘our’ ruling class. We have not, for example, had a NATIONAL security policy for at least 35 years. We have had an IMPERIAL security policy, with objectives defined by the needs of the transnational crony cartel corporations which fund both of our parties.
Blankfein has a pretty good idea of the state of play. Our constitutional republic is now an imperial trade zone. Economic, political, and social outcomes to the ‘great reset’ transformation may not not be going exactly as he and his wish, but they will never mess up so badly that we will ever again think that it is going as we wish.
Goldman Sachs will NEVER tell you the truth about anything. In fact, when Goldman issues a buy rating to the public on a stock it’s because they want to sell it to you! LOL
God love you Sundance, I’d stroke out watching this bile any longer.
Most importantly, reminder that human suffering is nearly meaningless to them, unless it is useful to them.
Them being whomever pulls the strings to make their puppets dance.
Humans in general are meaningless to them.
In fact, the fewer of certain humans, the better.
/s
Absolutely right Zepher . All these demonic rats on TV interviews seem to go there for the explicit purpose of showing us how much they Don’t give a damn about any of us American and at the same time Patriots that adore this nation.
Thank you my VSGPDJTKM+ for draining the swamp so that all these slimy human creatures can be fully seen !
Some day we’ll get them all to slither so much into the Disinfecting Sunlight that they will shrivel away for good.
” Demand Side Inflation” is another way of saying “Don’t raise interest rates” .
Thanks because that is one heck of a double speak !
The “Demand Side” inflation would not exist without the avalanche of money piped into consumer wallets at a time of reduced supply (e.g. petroleum and all that depends or it such as gasoline, fertilizer, plastics, textiles, natural gas, etc.). Add 12 or more other simultaneous constriction policies and what do you have?
The Biden team has achieved a double-handed choke on the people. Designed for intended failure.
Every 10-15 years all gains made by citizens is reduced.
2008 we lost 30-35%, now Wall Street with this government is looking to reduce our wealth by 40-45%.
Question, how much death tax did government gain when 1 million citizen died from COVID?
Seeing as how most of those who died early on in the plandemic were senior citizens, the govt saved a LOT of money on social security checks no longer being written. 🙁 Do they count as “death tax” ?
They are totally ignoring the SECOND wave, I guess hoping if they ignore it, nobody will notice.
The military health monitoring system picked it up, so they just jiggled the #’s.
But the Life Insurance actuaries are now screaming the alarm,..can they ignore or shut them up?
The logical thing would be for life and health insurance companies to charge a hefty increased premium, to those who have been jabbed, or even to decline to carry them on insurance; much like with tobacco smokers.
Their actuaries are telling them we are experiencing a once in 200 year event, an increase in deaths, particularly in 18-49 y.o.’s, which is where they make a LOT of their $.
That’s why I started taking SS at 62 so at least I got something. Those 2015 Dollars had a lot more buying power back then compared to today’s Dollars. Had a friend die at 64 after being forced to pay into the system for almost 50 years. Paid in thousands, never got a dime back.
“ over time all money will be returned to its rightful owners”
Or something like that.
It made sense to me when I first read it..
Cheers!
GREAT QUESTION !
Dear SD, I know you’re swamped but is there any where that we could get an answer to how much our dear leaders regime profited by the mountain of Death Taxes Tsunami they innocently got from the Plandemic?
Last time I checked, the estate tax only applies after the first five million dollars. Many people who know they will be exposed to the tax make use of estate planning lawyers who make use of all sorts of somewhat obscure financial & legal strategies to minimize the tax liabilities to their inheritors. Just like the Pols, Wall Street guys, etc to make sure they have loopholes to dodge these taxes just like every other law they don’t apply to themselves.
So, probably not very much at all, since only a small fraction of US citizens have enough wealth to have any concern.
Corporate America, globalists, bankers, & government are in unison gaslighting the prols! Thank you Sundance for your brilliant truthful analysis.
Among other things, his company is basically in the business of selling investment products so a salesman’s bias exists in wanting to point to consumer spending rather than business costs as the main source of inflation. Almost all of the talking heads you see on business news networks are cheerleading sales people of investment products, and while on one hand they may pooh pooh one company or sector they usually promote another. They don’t want investors to pull out of the equities markets!
The demon crawls out of his hole.
One of many in this world.
I think there may be some demand side inflation going on with certain food prices.
A sub-sector of food prices anyway.
Already contemplating the 2022 elections,popcorn demand very likely has gone up for Republicans and booze demand for Democrats.
“That interview is Wall Street gaslighting to a Main Street audience. ”
Fitting, because this has been a Revolution of the Garbage Elites against working people.
Sell in May and go away.
Goldman Sachs…
No credibility whatsoever. Haven’t they been bailed out a few times? They supposedly “paid it back” but ended up with billions. The big guys were bailed out, but Americans weren’t during the housing crash of 2007-2009.
Yes, Sundance, they’re all in on the big lie and the big scam and now a big war.
I’d listen to the CEO of Goya before I’d listen to this guy.
Just sayin’
Watching that is like watching the weather person they never get it right but always have a job to go to the next day.
A weather person predicts tomorrow’s weather the same as today will be correct 80% of the time.
Goldman Sachs, enough said!
Goldman Sachs is of the spices Vampyroteuthis Infernalis, lit. “Vampire Squid from Hell”, sending its tentacles out to any and everything that even smells like money and won’t be satisfied until it sucks America dry of all of it.
Runaway inflation is good!
Wiping out purchasing power and savings of the peasants to get them closer to complete goverment dependency!
At least those who havent starved to death.
/s
Blankfein was one of the chief architects of and market maker in CDO’s ( Collateralized Debt Obligations) that caused the subprime lending crisis of 2007- 2008. He also engineered the great bailouts with his cronies at the Federal Reserve to save the “Too big to fail” banks. He is a master at bilking both the government and investors and therefore anything that he says should be discounted…out of hand. Slimiest of the slimy.
Like Sergeant Schultz, I know nothing…
But, if I was hypothetically say…a Wall Street CEO and it was the week before the WEF meets in Davos, I might claim that the US has demand side inflation so that the Fed doesn’t raise interest rates and I would send Janet Yelling out to yell and make sure that that is the case.
It is rumored that the interest rates would have to be higher than the inflation rate to save the country.
What could be worse for Wall Street than that?
No more mortgages, car loans, school loans, running up credit cards?
This “gaslighting” is post-modernist leftism. You invent your own reality.
To be a leftist is to be above and beyond facts, or truth, or science.
Man or woman? God chose but leftists get the final vote.
Sadly, going forward, conservatives, or liberal democrats, or simply Constitutional Republicans will only triumph if our side produces a leader who imposes his reality on these most unreasonable leftists.
The middle ground of compromise is fantasy land. Donald Trump expected the Democrats to meet him halfway. And he is no longer the President. We need someone closer to Andrew Jackson – I will impose my vision of America.
Dealing with Democrats is now like dealing with Iran: moderates do not exist.
Blankfein is an idiot who thinks he’s propagandizing a nation of idiots.
I am an idiot but I can identify horse manure by both sight and smell. He’s peddling a wagonload.
Perhaps these kinds of media pronouncements might help mitigate the fertilizer shortage.
I knew there’s a reason for importing millions of people into the USA. Create demand side inflation to match the rhetoric. But wait a minute the demand from a;; those new US consumers is cancelled ? compounded? by the supply side inflation of their welfare.
all of these large financial firms are defacto government run entities. Remember the too big to fail crap from 15 years ago?
Our economy with big firms and critical sectors is basically all run by the administrative deep-state (economic fascism). Sometimes, the President and the Deep-State are on the same page (like now) and other times they are not (Trump), but the deep-state ultimately wins because they are a forever force. They aren’t subject to election cycles and they aren’t accountable to anyone or any court.
Any President or Congress that tries to defang them will be dealt with harshly.
Goldman Sachs is placing its bets on the future of green energy (Big backers/scammers of the Watermelon fraud which can destroy US for real)
https://www.optimistdaily.com/2020/06/goldman-sachs-is-placing-its-bets-on-the-future-of-green-energy/
Al Gore teams with Goldman Sachs, Microsoft and Harvard on a climate asset fund
https://www.msn.com/en-us/money/markets/al-gore-teams-with-goldman-sachs-microsoft-and-harvard-on-a-climate-asset-fund/ar-AAQ0KpW
Goldman Sachs was contracted by democRATS to run the investment trading floor of CCX, which was projected to trade over $10 TRILLION each year in carbon credits. That’s right … $10 TRILLION … EACH YEAR. At a commission rate of just 2% (you didn’t think the trades would be done for free, did you?), the exchange would have generated about $200 BILLION dollars a year in profits for it’s owners … mostly democRATS. Of course, CCX didn’t have 2% commissions. They were more like 5% in 2005. Look it up. Yeah …Goldman Sachs is all about green energy. The $$$$$$$ kind.
The fact that it’s Face the Nation tells you all you need to know. Glad SD watches this stuff for us so we don’t have to.
“We are at present working discreetly but with all our might, to
wrest this mysterious force called sovereignty out of the clutches
of the local national states of our world. And all the time we are
denying with our lips what we are doing with our hands, because
to impugn the sovereignty of the local national states of the world
is still a heresy for which a statesman or a publicist can be,
perhaps not quite burnt at the stake, but certainly ostracized and
discredited.”
Arnold Toynbee
Blankfein the retired Goldman CEO is trying to remain relevant with his friends. He doesn’t lie any less in retirement.
Americans think it’s bad now… Get ready for inflation to rip your face off as the dollar is no longer considered desirable as a reserve and a few trillion of them come rushing home with the holders looking to get rid of them by buying whatever isn’t nailed down.
But we’ve got other serious problems as well. For instance, here is a GenZ student in the fight of her life trying to open a can with a can opener:
https://bitchute.com/video/dxA9zUt67NG8/
The audience applauds this epic battle at the end.
A portion of everyone’s assets needs to be in precious metals. Maybe more of an insurance policy rather than a growth investment. When fiat & the bank’s confidence is lost, look out!
Only after purchase of a store of non perishable food. PM aren’t digestible but they are an effective inflation hedge, so long as there is still food to buy….
See BS and their stooges on Disgrace The Nation are playing us for suckers and pretend not to know things in order to push their deceptive narratives.
This is all a manmade financial crises created by Bungles Biden and his gang of nefarious misfits. Shutting down pipeline construction, not allowing drilling in the most promising areas, making it hard if not impossible to expand or build new refineries. Shutting down the plant that produces over 45% of baby formula and they have not been able to connect a single death related to the plant. They said 4 babies got sick and 2 died but they can’t connect it to the plant they have had shut down for months. Gates, Zuckerberg and Bezos just happen to be working on a project to create baby formula in lab.
100’s of billion of dollars of fraud in the big Gov. giveaway and that’s just the tip of the iceberg.
Stolen elections have crippling economic consequences.
The main purpose of this interview was for Blankfein to say the unprecedented spending and lockdowns were necessary. The guy is and always has been a liar.
I often read opinions about the demise of the USD. Am no expert on currencies but I also know that the USD has traded stronger (against other currencies) and is as strong as it’s been in years. I understand the reasons for the skepitism of the $ future (too much spending, inflation, etc) but have not seen the USD weakness yet. Also, any other places besides the US where you would rather invest and have that equal feeling of safety. Just looking for thoughts of what am I missing and where my thinking is short sighted. Pray and pray more
The USD spending power is rapidly declining. That’s what inflation is. There is no safety especially with the protection of law waning. When there is a deluge being on the 2nd story will only take you so far.
In 1975 Kissinger with the Saudis created the petro-dollar. The US could no longer pay creditors in gold due in part to the VN war so Nixon had taken the dollar off the gold standard and floated the currency. By establishing oil trade only in dollars an artificial demand was created as nations had to hold dollars for the purchases. The US could create dollars as world economies grew , essentially they were buying our debt. Now the Russians, a major world supplier, thanks to the US economic sanctions have demanded payment in Rubles. Essentially creating the Petro-Ruble. Makes the international demand for dollars less especially if the new trading bloc of Russia, India, China, Brazil, South Africa hold Rubles. As those excess dollars home they have less demand or value .
I listened to Lloyd. My biggest takeaway was when he described this time being different from 2008. He claimed that this time the banks are healthy. I don’t think that’s true. I don’t fully understand the daily Reverse Repo Rate but I know it’s gone through the roof over the last year. On Friday it was 1.9 trillion.
They don’t want anyone to know what is going on until they have repositioned all their assets and shorted the market bigly.
I think they shorted the market a month ago!
Retired Magistrate here: Thankfully I was raised by parents who went through the Great Depression and World War II. Mother knew how to stretch a dollar; Dad always handed his paycheck over to her and she managed the money. Dad took a bus to work; we had a car but he usually left that for Mom so she could go to the grocery store and run errands.
As a result of my upbringing, and my husband who grew up the same way, our house is paid for (not fancy but everything works) as well as the two cars and an old work truck. If we need anything we buy used and my husband is good at fixing things. Have non perishable food in the pantry and two well stocked old refrigerator/freezers.
The most important thing is that my husband and I have each other, we go to a wonderful little country church down the road where we all care about each other and we have good neighbors.
We will get through this with GOD’s help.
You should call this one Sunday Happy Talk on DeFace the Nation.
Sorry – I just don’t trust any of them. I agree with Mickey
The gay Mickey or the straight one?
The finger Mickey
!
A WEF Davos member who is one of the “leaders” behind this intentionally created nightmare. Him and Larry Fink of BlackRock talking down to us serfs from their imaginary castle.
Just another smug Wall St. prick living secure with his six figure plus salary, and his golden parachute.
More like a seven figure salary. The six figure salaries go to the interns!
My mistake. I was thinking monthly, not annually…….
If I was…hypothetically say…a Wall Street CEO and it was the week before the WEF meets in Davos…
I might claim that the US has demand side inflation so that the Fed doesn’t raise interest rates.
Interest rates would have to be higher than the inflation rates to save the USA middle class.
What could be worse for Wall Street than that?
They would lose Trillions.
No more mortgages, car loans, school loans, running up credit cards?
I lack the diplomatic skills to address this topic, so this post will come up short.
Nothing is more mundane in human history than war.
The scale of some of the battles, when the Mongols conquered Asia, or the Muslims conquered the Middle East, for example, is beyond comprehension.
In the long term, meaning over the centuries, the story of World War II may well become the chapter about the war, and the book about the Holocaust. So be it. Hopefully, the story of Hiroshima and Nagasaki will make this war something special in human history. Meaning no more atomic war (God willing).
I’d better get to my point, to mollify my bete noire, the moderator of this site.
Blankfein is Jewish. American Jews, routinely, are leftist Democrats. Even extremely wealthy Jews align themselves with the far Left.
Trying to find some rational explanation for this irrational alignment, I can only assign the logic to a general hostility to western culture, arising from bitterness over the Holocaust.
Again, centuries will pass, and the historians will have to explain how this madness occurred.
Of course, we conservatives and we Christians are the best friends of Israel. But the secular Jews have apparently collectively concluded that Christians failed them during the Holocaust.
I’ve surely broken the anti-semitism rules of secular Jews here. But the future of America and the western world will most certainly be deeply affected by the actions of wealthy Jews in the very near future.
Yes, we are the best friends of Israel and it’s people!
It would be interesting to know his real thoughts. This is simple gaslighting but, what else is he supposed to say. The lockdowns were the stupidest most hare brained idea ever conceived and we are dealing with the result of instantaneously shutting down almost all economic activity and forcing people to adapt and now, surprise, surprise, things cannot simply go back to the normal they were before because the economic environment is changed. You can flip a switch and shut businesses down but, starting them back up again is a different thing altogether. Besides all the deliberate shocks to the energy sector providing much of the inflationary effect, we also have fewer and fewer people actually working to support the rest. It is not that demand is too high, supply is too short and that problem is not going away soon. Our dependence of Chinese made goods is but one example. It is hard to produce goods and ship them overseas when one locks down entire mega million population cities and turn them into hell holes where people wailing can be heard throughout the night. The chairman of Goldman Sachs cannot speak the truth because it is not politically correct to do so at anytime but, especially now.
Too bad Peppermint Commie on her last day could not have had a liar liar day and told the whole truth. We are so sorry that the poor are going to be made poorer because we made so many incredibly stupid but, politically necessary decisions that will impact you and your children and their children negatively but, keep voting for us please. Our scheme to enrich ourselves by fomenting fear about anything and everything might ultimately pay off by crashing society and allowing a dictatorship to bring about the collective nirvana your teachers told you about that is not really possible.
Only place there is ‘demand inflation’ is in some real estate markets in Florida, in particular Miami. No mention that that is due to hedge funds buying up real estate due to inflation. So I guess on this lousy Sunday show, there was no mention of energy costs ruining the economy. Yup, not allowed.
CEO Blankfein has a BIG PROBLEM:
He’s got to pump n dump this market to unload his MASSIVE institutional positions by suckering in retail investors.
All the while playing the HEDGE game ad infinite.
That requires BUNGEE VOLATILITY at ever-increasing frequency.
Policies pushed by incompetent and evil people caused this… Purposely or not…
Covid offshored for creation in China.
Shots that don’t work manufactured by same people who made Covid.
Satanic policies pushed by same people who created Covid and the clot shot…
Same people who started another war in a crap country…
Can keep going…
Covid didn’t cause this.
Blankfein, Jamie and Fink are longtime progressive Tribe members… Anything they say serves the agenda or fills their pockets… I discount anything he says as manipulative or a lie…
What this guy doesn’t tell the people is the Stock market eventually erodes to 28,500.
That’s the problem with the crew calling the shots. Yes they are all about protecting their power at all costs. But they are mostly academics spawned by a Marxist ideology and ultimate stooges of the WEF. They will NEVER blame their policies and will always double down. These are the perfect fools to oversee what’s coming next.
I really wonder if these clowns understand the economy or is it just a fake economy that was created with their own BS. Not one word is real classical economics just monetary and fiscal make-believe of the Sammualson school for idiots. .
If Blankfein admitted to reality, then he and everyone at his investment level would lose their shirts overnight.
The pragmatic fact is that the US is bankrupt. All the posturing and weasel words from the finance sector is an ugly attempt to distract people from the fact. It can’t go on for much longer.
Will be interesting to see how those diesel shortages CTH reported on last week play out. I am watching that with a keen eye. Watch the prices. $5.69 today in Florida. Depends on the level of scarcity undoubtedly but somewhere in that price is FUBAR level. I can’t begin to say if that’s $7 or $8 or $10 a gallon but FUBAR is built in there somewhere. If that puppy gets to $7 I would go to DEFCON 1 with my preps.
There are lies, then there are damn lies, then there are statistics. (Unattributed quote)
Lloyd (Welsh) Blankfein (German Jewish) – interesting combination
“We’re (Goldman Sachs) are very important,” Blankfein is quoted as saying in The Times of London. “We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It’s a virtuous cycle. He goes on to admit to being the focus of public outrage–“I know I could slit my wrists and people would cheer”–but then blows the attempt to reconciliation by saying he is “doing God’s work.”
Wow, doing God’s work.
Is he saying that as a Jew or as a Christian? Or as a Muslim?
Imagine thinking that way and believing that crap.