Peter opens with the fact that the United States is probably in a recession already, even though the government statistics say otherwise:

"We're in a recession. I don't care what the statistics are showing, and they're very likely to be revised in the future to confirm that we're in a recession right now. I mean that's what happened with the Great Recession, which started in December of '07. But for a year the government gave out fake economic data, and then in December of '08, they came back and said, 'Oh, by the way, we've been in a recession for an entire year. You can throw away all the data we gave you because it was wrong.'"

American voters are not swayed by government reports, and they blame the current administration for the state of the economy:

"When they poll the voters, where Biden scores lowest is on the economy! … The voters are saying this despite— as you said— being inundated every day with regurgitated propaganda from the mainstream media about how great the economy is. So imagine if the media told the truth!

...You've got to trust your eyes, not the government. I'm not going to walk outside in the rain when I know it's raining just because some government weatherman is trying to convince me it's sunny."