1
00:00:00,120 --> 00:00:03,400
Speaker 1: Today's show sponsored by Lear Capital, the precious metals leader

2
00:00:03,440 --> 00:00:07,080
Speaker 1: since nineteen ninety seven and only company I trust and

3
00:00:07,160 --> 00:00:11,639
Speaker 1: recommend to my family, friends and viewers. Visit Lear alex

4
00:00:12,000 --> 00:00:22,080
Speaker 1: dot com. Okay, ladies and gentlemen, super cool podcast for

5
00:00:22,120 --> 00:00:24,319
Speaker 1: you today. We're doing something a little different with the

6
00:00:24,360 --> 00:00:28,080
Speaker 1: format because the live radio show today did incorporate two

7
00:00:28,400 --> 00:00:31,320
Speaker 1: snippets of longer interviews, one of which showed up on

8
00:00:31,360 --> 00:00:35,159
Speaker 1: my podcast feed with Amomichael earlier this week, which all

9
00:00:35,159 --> 00:00:36,720
Speaker 1: of you should check out. We go deep dive into

10
00:00:36,760 --> 00:00:39,479
Speaker 1: AI and the Department of Worth what they're doing to

11
00:00:39,560 --> 00:00:41,920
Speaker 1: make sure that we are utilizing AI to the best

12
00:00:41,960 --> 00:00:44,320
Speaker 1: of our ability, but also we are not allowing the

13
00:00:44,360 --> 00:00:47,360
Speaker 1: masters of the universe in Silicon Valley to control our Pentagon.

14
00:00:47,560 --> 00:00:48,680
Speaker 2: Super fascinating stuff.

15
00:00:48,720 --> 00:00:51,280
Speaker 1: And also we start getting into a dive on Medicare

16
00:00:51,360 --> 00:00:53,400
Speaker 1: and things that people might be older in the audience,

17
00:00:53,560 --> 00:00:55,480
Speaker 1: what you might need to know to protect yourself and

18
00:00:55,520 --> 00:00:58,200
Speaker 1: to make sure that you're getting the best benefits that

19
00:00:58,280 --> 00:01:01,800
Speaker 1: you deserve. And so all of that is first of all,

20
00:01:01,840 --> 00:01:04,360
Speaker 1: the Ablemichael interview. A couple of shows back. The rest

21
00:01:04,400 --> 00:01:06,400
Speaker 1: of that Medicare interview, we're going to play that today,

22
00:01:06,680 --> 00:01:08,360
Speaker 1: But before I get into that, I got a couple

23
00:01:08,360 --> 00:01:11,520
Speaker 1: other big things. We're going to use my opening monologue

24
00:01:11,520 --> 00:01:14,679
Speaker 1: and my longer segment, my third block from today's radio show,

25
00:01:15,000 --> 00:01:17,720
Speaker 1: where we start off with a explanation of what's going

26
00:01:17,720 --> 00:01:19,479
Speaker 1: on in the economy. We get some pretty not good

27
00:01:20,480 --> 00:01:24,040
Speaker 1: data from GDP this morning as we're recording. I bring

28
00:01:24,120 --> 00:01:26,440
Speaker 1: all that down, try to find some silver linings and

29
00:01:26,480 --> 00:01:29,480
Speaker 1: make some warnings in there. But then I do some

30
00:01:29,560 --> 00:01:32,039
Speaker 1: more variety for you, some donkey and Liz Warren, some

31
00:01:32,160 --> 00:01:35,200
Speaker 1: donkey on Bruce Springsteen, some donkey and Greta Thunberg who

32
00:01:35,240 --> 00:01:39,639
Speaker 1: resurfaced to go to bat for the communisticators of Cuba.

33
00:01:40,040 --> 00:01:42,840
Speaker 1: All of that in today's show, plus an interview with

34
00:01:42,880 --> 00:01:44,880
Speaker 1: John Karney where we really get into the economy. So

35
00:01:45,120 --> 00:01:47,480
Speaker 1: just the absolute best, my economic and finance editor of

36
00:01:47,480 --> 00:01:51,400
Speaker 1: Bright Part News. So again, Marlow Karney and then a

37
00:01:51,440 --> 00:01:54,440
Speaker 1: medicare deep dive all on today's show. But before we

38
00:01:54,480 --> 00:01:57,240
Speaker 1: get into it, I want to welcome back to the

39
00:01:57,280 --> 00:02:00,720
Speaker 1: show Preborn. You guys know how enthusiastic I am about Preborn.

40
00:02:00,920 --> 00:02:06,440
Speaker 1: What they provide is ultrasounds for expectant mothers, knowing that

41
00:02:06,640 --> 00:02:10,120
Speaker 1: you're at least twice as likely to bring that child

42
00:02:10,320 --> 00:02:12,720
Speaker 1: into the world, give that child a chance at life,

43
00:02:12,800 --> 00:02:14,280
Speaker 1: and not terminate that child.

44
00:02:14,160 --> 00:02:14,639
Speaker 2: In the womb.

45
00:02:15,000 --> 00:02:18,720
Speaker 1: If you're exposed to ultrasounds and heartbeat monitors so that

46
00:02:18,800 --> 00:02:21,040
Speaker 1: the mother can be introduced to that baby. That's what

47
00:02:21,080 --> 00:02:24,400
Speaker 1: Preborn does is get those ultrasounds out there so that

48
00:02:24,440 --> 00:02:27,880
Speaker 1: women can meet their child. Via the ultrasound, they can

49
00:02:27,960 --> 00:02:30,040
Speaker 1: hear their heartbeat. So the most profound moments of my life.

50
00:02:30,080 --> 00:02:32,360
Speaker 1: I absolutely love this charity because it saves babies. It

51
00:02:32,400 --> 00:02:35,120
Speaker 1: literally saves lives. Two to eighty dollars can save ten

52
00:02:35,160 --> 00:02:37,280
Speaker 1: babies twenty eight dollars a month. You can save a

53
00:02:37,320 --> 00:02:40,840
Speaker 1: baby a month fifteen thousand dollars. If anyone's generous in

54
00:02:40,880 --> 00:02:42,919
Speaker 1: the audience. At least one of you was last year,

55
00:02:42,960 --> 00:02:46,480
Speaker 1: which is unbelievable. You get an ultrasound machine that will

56
00:02:46,520 --> 00:02:49,000
Speaker 1: save thousands of babies for years to come. I love

57
00:02:49,040 --> 00:02:51,280
Speaker 1: the sponsor and they're back with me the whole year

58
00:02:51,560 --> 00:02:54,160
Speaker 1: A three three eight five zero two two two nine.

59
00:02:54,720 --> 00:02:57,079
Speaker 1: Or you go to alexmarlow dot com hit the Preborn

60
00:02:57,240 --> 00:03:01,520
Speaker 1: banner preborn dot com slash Marlowe Really Important eight three

61
00:03:01,639 --> 00:03:04,600
Speaker 1: three eight five zero two two two nine. I love

62
00:03:04,639 --> 00:03:07,320
Speaker 1: Preborn and you really should donate right away. Let's get

63
00:03:07,320 --> 00:03:09,919
Speaker 1: this campaign off to a great start. Preboard dot com

64
00:03:09,960 --> 00:03:12,160
Speaker 1: slash Marlowe. Let's get into it with me.

65
00:03:21,440 --> 00:03:24,360
Speaker 3: Ready to break the narrative, get the real story with

66
00:03:24,400 --> 00:03:28,120
Speaker 3: no filters and no apologies, cut through the noise with

67
00:03:28,200 --> 00:03:32,720
Speaker 3: real conversation, real conviction, and real news. It's time for

68
00:03:32,880 --> 00:03:36,040
Speaker 3: truth without spin. It's the Alex Marlow Show.

69
00:03:37,200 --> 00:03:39,160
Speaker 1: This is the Marlow Show. We got a big show

70
00:03:39,200 --> 00:03:41,640
Speaker 1: for you today. We get a heavy slate here. We've

71
00:03:41,680 --> 00:03:44,120
Speaker 1: got some interviews coming up. One of them is a

72
00:03:44,160 --> 00:03:49,520
Speaker 1: little stimpet of my latest podcast where I speak to Amolmichael,

73
00:03:49,640 --> 00:03:52,280
Speaker 1: who is the Undersecretary of War, who's honestly one of

74
00:03:52,280 --> 00:03:53,600
Speaker 1: the smartest guys I think I've had in the show

75
00:03:53,640 --> 00:03:55,839
Speaker 1: in a while. He was a top executive, a new bird,

76
00:03:55,840 --> 00:03:58,119
Speaker 1: and he's down that tight knit group that runs the Pentagon,

77
00:03:58,480 --> 00:04:00,320
Speaker 1: and we get into all sorts of stuff on AI

78
00:04:00,600 --> 00:04:03,280
Speaker 1: throws down really hard on anthropic and explains why the

79
00:04:03,280 --> 00:04:06,640
Speaker 1: Pentagon is basically cutting them off. Pre studying details there.

80
00:04:06,680 --> 00:04:09,280
Speaker 1: So we'll share that with you. But the interview will

81
00:04:09,280 --> 00:04:11,920
Speaker 1: be my podcast feed. But I'm gonna be releasing a

82
00:04:11,960 --> 00:04:14,600
Speaker 1: couple of new podcasts over the weekend. I've got to

83
00:04:14,840 --> 00:04:18,960
Speaker 1: sit down with Emma Joe Morris, I've got John Carney

84
00:04:19,000 --> 00:04:21,679
Speaker 1: coming in. I've got some others as well. I've got

85
00:04:21,880 --> 00:04:25,520
Speaker 1: a Heroin Pilot Helicopter Pilot coming in as well, I

86
00:04:25,560 --> 00:04:28,400
Speaker 1: Amber Smith. So a lot of good stuff that populates

87
00:04:28,400 --> 00:04:30,800
Speaker 1: the weekend shows. Those of you watch Sale News Channel,

88
00:04:30,800 --> 00:04:32,840
Speaker 1: those will probably pop up there as well. As I'm

89
00:04:32,880 --> 00:04:34,880
Speaker 1: on seven days a week on the Sale News Channel.

90
00:04:34,880 --> 00:04:36,760
Speaker 1: It's kind of fun. Got a lot going on here,

91
00:04:36,920 --> 00:04:39,000
Speaker 1: all right. I think I do some of that teas

92
00:04:39,080 --> 00:04:41,920
Speaker 1: at the start because I'm opening with some not good news.

93
00:04:41,960 --> 00:04:43,279
Speaker 2: Again, this has been sort of a trend.

94
00:04:43,760 --> 00:04:48,279
Speaker 1: GDP numbers today the big news revised downward. This is

95
00:04:48,320 --> 00:04:51,800
Speaker 1: basically we're seeing lower economic action all around, and we're

96
00:04:51,800 --> 00:04:55,039
Speaker 1: approaching no growth, so we're to growth. I think was

97
00:04:55,360 --> 00:04:58,880
Speaker 1: Q four revised down two point seven percent. Core inflation

98
00:04:58,960 --> 00:05:02,800
Speaker 1: at three point one p which is not a horrible

99
00:05:02,880 --> 00:05:05,520
Speaker 1: number in a vacuum. But again, the goal and the

100
00:05:05,560 --> 00:05:08,320
Speaker 1: promise from Treasury Secretary, which I spoke to him about

101
00:05:08,360 --> 00:05:11,360
Speaker 1: in December, is trying to get that number pretty close

102
00:05:11,400 --> 00:05:13,640
Speaker 1: to zero by the summer. And the summer is coming up.

103
00:05:13,760 --> 00:05:16,200
Speaker 1: So we got just you know, quarter, I guess technically

104
00:05:16,200 --> 00:05:18,520
Speaker 1: two quarters to go to see if that's going to happen.

105
00:05:19,200 --> 00:05:21,200
Speaker 2: And a lot of this is going to get boosted.

106
00:05:21,240 --> 00:05:23,800
Speaker 1: There's going to be some bounce backs that occur after

107
00:05:23,960 --> 00:05:26,599
Speaker 1: we get some of these. The year gets going and

108
00:05:26,640 --> 00:05:29,119
Speaker 1: the government, which is still partially shut down, gets going.

109
00:05:29,839 --> 00:05:32,200
Speaker 1: And part of it's also because the third quarter was

110
00:05:32,320 --> 00:05:37,800
Speaker 1: super strong, but the Q four number is very very weak.

111
00:05:38,240 --> 00:05:42,720
Speaker 1: Also personal spending weeker which shows some insecurity, which is

112
00:05:43,240 --> 00:05:46,200
Speaker 1: both not great for the economy and also a bad

113
00:05:46,279 --> 00:05:48,480
Speaker 1: sign those of you who are trying to read key

114
00:05:48,560 --> 00:05:51,880
Speaker 1: leaves to see where this puts us coming towards November

115
00:05:52,000 --> 00:05:56,359
Speaker 1: and the elections there. So with holdings are going to

116
00:05:56,440 --> 00:05:58,760
Speaker 1: go down based on the Trump tax cuts, I think

117
00:05:58,800 --> 00:06:00,279
Speaker 1: that's going to be a nice boost for pe people.

118
00:06:00,640 --> 00:06:03,039
Speaker 1: So people are starting to see that pop up, and

119
00:06:03,080 --> 00:06:05,920
Speaker 1: I think that's a positive. And then we're also going

120
00:06:06,000 --> 00:06:08,960
Speaker 1: to get these huge rebate checks the.

121
00:06:10,400 --> 00:06:11,400
Speaker 2: What's the expression for it.

122
00:06:11,400 --> 00:06:12,600
Speaker 1: I would have had one of these in the year or so,

123
00:06:12,680 --> 00:06:15,400
Speaker 1: for instance, they started out small businesses, but when you

124
00:06:15,400 --> 00:06:18,719
Speaker 1: get your tax rebate in after April tax filing, so

125
00:06:18,800 --> 00:06:20,680
Speaker 1: that's going to come back this summer. That's also going

126
00:06:20,720 --> 00:06:22,560
Speaker 1: to make things pop. So we got some aces up

127
00:06:22,600 --> 00:06:25,720
Speaker 1: our sleeve here. But with this new war and with

128
00:06:25,800 --> 00:06:28,640
Speaker 1: that strong Q three government shut down and some general

129
00:06:28,680 --> 00:06:30,960
Speaker 1: bad vibes in the economy, we're seeing a lot of

130
00:06:30,960 --> 00:06:34,560
Speaker 1: pretty negative numbers. Oil prices eased before the show today,

131
00:06:35,160 --> 00:06:38,680
Speaker 1: But these GDP numbers also could suggest that the Fed

132
00:06:38,760 --> 00:06:41,839
Speaker 1: could cut rates earlier, which could also be a positive.

133
00:06:41,880 --> 00:06:43,880
Speaker 1: I want to see those rates come down a little

134
00:06:43,880 --> 00:06:48,240
Speaker 1: bit more. Just from my experience analyzing economics, I think

135
00:06:48,240 --> 00:06:50,320
Speaker 1: that would be a positive thing. We know Kevin worsh

136
00:06:50,520 --> 00:06:53,240
Speaker 1: who's the phednominee, wants to cut rates as well, so

137
00:06:53,320 --> 00:06:56,400
Speaker 1: this could prompt that happening sooner rather than later. All

138
00:06:56,440 --> 00:06:58,640
Speaker 1: that could be good, but we were looking to be

139
00:06:58,680 --> 00:07:01,039
Speaker 1: in a better spot. The state of the is overall,

140
00:07:01,080 --> 00:07:04,000
Speaker 1: I still think it's strong, but we need stronger in

141
00:07:04,040 --> 00:07:06,200
Speaker 1: a year where we have a very unfavorable slate of

142
00:07:06,200 --> 00:07:09,840
Speaker 1: electoral issues. We want people feeling good. And then this

143
00:07:10,040 --> 00:07:13,200
Speaker 1: is a not something that we would have expected. We

144
00:07:13,200 --> 00:07:16,000
Speaker 1: wouldn't have expected these types of numbers, and the fact

145
00:07:16,040 --> 00:07:20,000
Speaker 1: that we're seeing, you know, war is probably mostly not helpful.

146
00:07:20,240 --> 00:07:23,960
Speaker 1: Though I will say I will say that the war

147
00:07:24,040 --> 00:07:27,080
Speaker 1: does help the war industry, which is sort of bittersweet

148
00:07:27,160 --> 00:07:30,040
Speaker 1: right now because I don't typically like helping out the

149
00:07:30,040 --> 00:07:34,440
Speaker 1: war industry that much. But again, we also want the

150
00:07:34,480 --> 00:07:37,320
Speaker 1: Conservatives to win in November, and anything that pops the

151
00:07:37,360 --> 00:07:40,760
Speaker 1: economy is probably a positive in general, not a reason

152
00:07:40,800 --> 00:07:44,200
Speaker 1: to carry out wars, but just a positive thing. Really

153
00:07:44,240 --> 00:07:49,640
Speaker 1: interesting to track some of the Iraq the Iran war

154
00:07:50,480 --> 00:07:52,920
Speaker 1: right now, which is we're still looking at the Straight

155
00:07:53,160 --> 00:07:55,320
Speaker 1: and the Strait is the big thing that we've seen

156
00:07:55,920 --> 00:07:58,840
Speaker 1: where we've seen a lot of that oil from Iran

157
00:07:58,960 --> 00:08:02,600
Speaker 1: flow freely to try in Russia and ships that are

158
00:08:02,640 --> 00:08:06,040
Speaker 1: taking oil tankers to the West are just they're basically stopped.

159
00:08:06,080 --> 00:08:08,560
Speaker 1: And it seemed very easy for Iran to do that,

160
00:08:09,040 --> 00:08:10,920
Speaker 1: and so that has not been resolved. I mentioned that

161
00:08:11,080 --> 00:08:13,680
Speaker 1: on yesterday's show. This is the urgent thing, the most

162
00:08:13,800 --> 00:08:15,920
Speaker 1: urgent thing to do, and when you start seeing the

163
00:08:15,960 --> 00:08:18,880
Speaker 1: President truth bombing that high oil prices are a good

164
00:08:18,880 --> 00:08:22,840
Speaker 1: thing does embode great. The next thing that we're also

165
00:08:22,920 --> 00:08:25,520
Speaker 1: looking at is whether or not Trump's a sort of

166
00:08:25,600 --> 00:08:28,600
Speaker 1: I guess regime change kick that he's on, which is,

167
00:08:28,840 --> 00:08:30,880
Speaker 1: but he hasn't seen them through we haven't really seen

168
00:08:30,920 --> 00:08:33,480
Speaker 1: regime change in Venezuela, we haven't really seen it in Iran,

169
00:08:33,559 --> 00:08:35,280
Speaker 1: but try to take out some of the bad guys

170
00:08:35,520 --> 00:08:37,880
Speaker 1: who wish to do Americans harm. The next thing that

171
00:08:37,880 --> 00:08:40,880
Speaker 1: people are looking at is Cuba, and this is very

172
00:08:40,880 --> 00:08:44,840
Speaker 1: interesting because Cuba there are negotiations taking place, which is

173
00:08:44,880 --> 00:08:47,000
Speaker 1: this is very big. I don't think people quite see this.

174
00:08:47,080 --> 00:08:50,840
Speaker 1: We have a ton of Cuba reportage at Brightboard News.

175
00:08:51,000 --> 00:08:53,440
Speaker 1: Francis Martel, our World editor, as I believe, is one

176
00:08:53,480 --> 00:08:56,200
Speaker 1: of the media's experts in the entire world on the subject.

177
00:08:56,600 --> 00:08:58,720
Speaker 1: She briefed me on some of this this morning, and

178
00:08:58,960 --> 00:09:01,559
Speaker 1: she's saying, Cuba showing huge signs of weakness, the fact

179
00:09:01,600 --> 00:09:04,040
Speaker 1: that they've already sat down at the table with Trump's people.

180
00:09:04,440 --> 00:09:06,840
Speaker 1: They just don't want to be bombed. That's the whole

181
00:09:06,880 --> 00:09:09,679
Speaker 1: point of Trump's surprise attack. That's the bottom line with

182
00:09:09,760 --> 00:09:12,320
Speaker 1: the Cuban regime. They don't want to get bombed, and

183
00:09:12,440 --> 00:09:15,960
Speaker 1: so they'll probably have to soften wildly or else you

184
00:09:15,960 --> 00:09:18,680
Speaker 1: could see a regime change there. And it sounds like

185
00:09:18,720 --> 00:09:23,840
Speaker 1: the demands coming out of Rubio State Department is probably

186
00:09:23,880 --> 00:09:27,520
Speaker 1: regime change, certainly something more democratic, certainly freeing a bunch

187
00:09:27,559 --> 00:09:31,600
Speaker 1: of prisoners, and Cuba's already freeing some political prisoners. From

188
00:09:31,679 --> 00:09:33,600
Speaker 1: what we're able to glean, this is a big thing

189
00:09:33,679 --> 00:09:35,960
Speaker 1: and it's going to get really pushed far down the headlines.

190
00:09:36,080 --> 00:09:38,040
Speaker 1: I'd be shocked if you heard that anywhere else today,

191
00:09:38,280 --> 00:09:40,199
Speaker 1: and it might be one of the biggest stories going

192
00:09:40,640 --> 00:09:43,640
Speaker 1: Keep in mind, Cuba is essentially a de facto China

193
00:09:43,679 --> 00:09:46,920
Speaker 1: and Russia spy base. A lot of the world's best spies,

194
00:09:47,040 --> 00:09:50,800
Speaker 1: aside from you know, the American Israeli spies, a lot

195
00:09:50,840 --> 00:09:54,040
Speaker 1: of the best spies on earth come from Cuba, and

196
00:09:54,160 --> 00:09:56,320
Speaker 1: a lot of them are tied to China and Russia.

197
00:09:56,880 --> 00:09:59,080
Speaker 1: This has been a big thing, and it feels like

198
00:09:59,160 --> 00:10:02,520
Speaker 1: we've got some real potential to do a lot of

199
00:10:02,559 --> 00:10:06,559
Speaker 1: good without perhaps firing a single shot. But think about this,

200
00:10:06,679 --> 00:10:09,360
Speaker 1: We're gonna get Gaza Lago going right because of the

201
00:10:09,360 --> 00:10:13,040
Speaker 1: Middle East piece. Now can you picture Havana Lago? Could

202
00:10:13,040 --> 00:10:16,120
Speaker 1: you picture open up those casinos. I think the Cuban

203
00:10:16,120 --> 00:10:18,400
Speaker 1: government would want that. I think could you imagine, because

204
00:10:18,440 --> 00:10:20,719
Speaker 1: it's such great real estate. It really is not to

205
00:10:20,720 --> 00:10:23,079
Speaker 1: be tongue in cheek here. But I'll tell you I'll

206
00:10:23,120 --> 00:10:26,360
Speaker 1: get all the guys in the booth, Brandon, Sean, get

207
00:10:26,360 --> 00:10:28,760
Speaker 1: Greg out from Florida. We'll go down there. We're gonna go,

208
00:10:28,840 --> 00:10:30,920
Speaker 1: We're do some reporting. We're gonna need to get a

209
00:10:30,960 --> 00:10:33,800
Speaker 1: whole Cuba correspondent going. But picture that, I mean, that

210
00:10:33,840 --> 00:10:37,000
Speaker 1: will be a very cool revolutionary thing. It'd be legit historic.

211
00:10:37,200 --> 00:10:39,440
Speaker 1: And if Trump could do this without firing shots, I

212
00:10:39,440 --> 00:10:42,800
Speaker 1: think it would be just terrific. So I offered that

213
00:10:42,840 --> 00:10:45,680
Speaker 1: as a silver lining for a pretty dark slate to

214
00:10:45,760 --> 00:10:49,080
Speaker 1: open up this Friday the thirteenth. But I will try

215
00:10:49,120 --> 00:10:53,120
Speaker 1: to mitigate it with some variety for you. Greta Thunberg.

216
00:10:53,440 --> 00:10:57,640
Speaker 1: Just you guys might remember Greta for being the autistic

217
00:10:57,720 --> 00:11:03,680
Speaker 1: child who became the darling of the of the climate movement.

218
00:11:04,000 --> 00:11:06,960
Speaker 1: She's now just moving on to defending fascists and communist

219
00:11:06,960 --> 00:11:08,959
Speaker 1: regimes all around the world, and her latest cake is

220
00:11:09,000 --> 00:11:09,360
Speaker 1: on Cuba.

221
00:11:09,400 --> 00:11:10,839
Speaker 2: Can we play cut seven please, guys.

222
00:11:12,280 --> 00:11:14,959
Speaker 4: We need to talk about what's happening in Cuba right now.

223
00:11:15,520 --> 00:11:19,640
Speaker 4: As the Trump administration is waging illegitimate wars across the world,

224
00:11:19,760 --> 00:11:23,560
Speaker 4: killing canvas of people, it is also strangling the Cuban people.

225
00:11:23,760 --> 00:11:27,640
Speaker 4: The pedophile Trump himself bragged about it saying there's an embargo,

226
00:11:27,840 --> 00:11:30,920
Speaker 4: there is no oil, there's no money, there's no anything.

227
00:11:31,320 --> 00:11:33,440
Speaker 4: He said it like it was something to be proud of,

228
00:11:33,760 --> 00:11:37,400
Speaker 4: while millions of people being plunged into darkness by rolling blackouts,

229
00:11:37,480 --> 00:11:40,680
Speaker 4: while hospitals lose power, while ambulances run out of fuel,

230
00:11:40,880 --> 00:11:44,840
Speaker 4: while shelves go empty. Now the Trump administration is escalating

231
00:11:44,840 --> 00:11:48,200
Speaker 4: it further, plotting what they themselves have called a takeover

232
00:11:48,360 --> 00:11:52,320
Speaker 4: of the island. We cannot be silent about this. Cuba

233
00:11:52,320 --> 00:11:54,920
Speaker 4: did not stay silent when the world needed it. The

234
00:11:54,960 --> 00:11:58,400
Speaker 4: people in power do not act unless we compel them to,

235
00:11:59,240 --> 00:12:02,120
Speaker 4: and so now we compel them together.

236
00:12:02,440 --> 00:12:04,679
Speaker 5: We say it loudly and clearly.

237
00:12:06,880 --> 00:12:09,360
Speaker 2: That she the palacatiing flotilla thing going on.

238
00:12:10,880 --> 00:12:13,280
Speaker 1: It's just amazing how the Left props up these people,

239
00:12:13,320 --> 00:12:15,520
Speaker 1: and all they really want to do is undermind Western values.

240
00:12:15,559 --> 00:12:18,880
Speaker 1: And that's what this is all about, Crystal clear. Why

241
00:12:19,000 --> 00:12:20,800
Speaker 1: is this person who has no business talking about the

242
00:12:20,800 --> 00:12:23,280
Speaker 1: climate but was a climate activist, Why should we listen

243
00:12:23,320 --> 00:12:25,280
Speaker 1: to her about Cuba? The people in Cuba have been

244
00:12:25,280 --> 00:12:29,960
Speaker 1: oppressed for over half a century, and they're on the

245
00:12:30,040 --> 00:12:33,280
Speaker 1: verge of perhaps a peacefully becoming more democratic, more free

246
00:12:33,360 --> 00:12:38,400
Speaker 1: more open, and it is just really sensational to watch

247
00:12:38,440 --> 00:12:40,520
Speaker 1: the media pop prop these people up as if they

248
00:12:40,559 --> 00:12:43,040
Speaker 1: have any credibility whatsoever. And that's exactly what we're seeing.

249
00:12:43,280 --> 00:12:46,559
Speaker 1: The bad guy in Cuba is Trump. It's not the

250
00:12:46,679 --> 00:12:50,440
Speaker 1: communist dictators. It's Trump. All right, we're talking about Lear Capital.

251
00:12:50,520 --> 00:12:51,880
Speaker 1: I got spent the day with some of the folks

252
00:12:51,880 --> 00:12:53,880
Speaker 1: that Lear yesterday. These guys are so smart and they

253
00:12:53,880 --> 00:12:56,560
Speaker 1: were educating me not just on gold but also on

254
00:12:56,720 --> 00:12:59,520
Speaker 1: silver as well. And it's just so clear to me

255
00:12:59,640 --> 00:13:01,360
Speaker 1: that I'm gonna do what I talked to them. I'm

256
00:13:01,360 --> 00:13:02,959
Speaker 1: gonna buy some gold with them. I'm gonna tell you

257
00:13:02,960 --> 00:13:06,360
Speaker 1: guys about the whole process. But just given the unpredictability

258
00:13:06,480 --> 00:13:11,600
Speaker 1: with the war, given with the NonStop government spending that

259
00:13:11,760 --> 00:13:15,320
Speaker 1: is inevitable, ballooning inflation, printing money, just the national debt

260
00:13:15,360 --> 00:13:17,320
Speaker 1: going through the roof, one of the best things you

261
00:13:17,320 --> 00:13:19,320
Speaker 1: can do to hedge, to protect your wealth and to

262
00:13:19,320 --> 00:13:21,839
Speaker 1: grow your wealth is precious metals. This is never more

263
00:13:21,880 --> 00:13:24,160
Speaker 1: clear to me. The big example that everyone's talking about

264
00:13:24,160 --> 00:13:28,559
Speaker 1: Morgan Stanley's chief investment officer recommending twenty percent in precious metals.

265
00:13:28,920 --> 00:13:31,880
Speaker 1: That's a huge that's a huge jump. It was not

266
00:13:32,000 --> 00:13:34,400
Speaker 1: part of their recommendations at all. Now it's to twenty percent.

267
00:13:34,760 --> 00:13:36,680
Speaker 1: And if you're going to do it, and you should

268
00:13:37,120 --> 00:13:39,880
Speaker 1: take action with Lear Capital because they're the oldest, they've

269
00:13:39,880 --> 00:13:42,920
Speaker 1: been around the longest, and they have the most I

270
00:13:43,080 --> 00:13:46,040
Speaker 1: believe in terms of management right now, just billions of

271
00:13:46,080 --> 00:13:50,080
Speaker 1: dollars and just great reputations. Super smart people. These guys

272
00:13:50,080 --> 00:13:52,560
Speaker 1: could be thriving in other fields, but they're doing this.

273
00:13:53,000 --> 00:13:55,839
Speaker 1: And take advantage. Eight hundred nine nine two two two

274
00:13:55,920 --> 00:13:59,280
Speaker 1: five five eight hundred nine nine to two two two

275
00:13:59,280 --> 00:14:02,960
Speaker 1: five five leirlex dot com for the website. Get some

276
00:14:03,040 --> 00:14:05,240
Speaker 1: gold and silver right now, get it with Lear Capital

277
00:14:05,320 --> 00:14:12,920
Speaker 1: lear alex dot com. All right, you guys know, Friday

278
00:14:13,000 --> 00:14:15,520
Speaker 1: the thirteenth, and so it's a little bit of one

279
00:14:15,520 --> 00:14:17,520
Speaker 1: of those days where maybe it's a good day for you,

280
00:14:17,559 --> 00:14:20,000
Speaker 1: maybe it's a bad day. I'll tell you basically, every

281
00:14:20,080 --> 00:14:22,560
Speaker 1: day that I got has one thing in it, and

282
00:14:22,600 --> 00:14:24,120
Speaker 1: that's I'm gonna drink a die coke at some point

283
00:14:24,200 --> 00:14:26,600
Speaker 1: pretty much every day. And that's why I partner with

284
00:14:26,640 --> 00:14:28,800
Speaker 1: the American Beverage Association. I want you to think a

285
00:14:28,840 --> 00:14:31,080
Speaker 1: minute about the drinks that you grew up with you

286
00:14:31,160 --> 00:14:33,640
Speaker 1: love today, the ones you have your break room, the

287
00:14:33,640 --> 00:14:35,680
Speaker 1: ones that suede you've get a tough day. The ones

288
00:14:35,720 --> 00:14:38,720
Speaker 1: are just so crisp and bite so nice. After that dinner,

289
00:14:38,760 --> 00:14:42,440
Speaker 1: you have Coca Cola, Doctor Pepper, Pepsi. All those These

290
00:14:42,440 --> 00:14:45,280
Speaker 1: are the iconic brands that have an American story and

291
00:14:45,400 --> 00:14:48,720
Speaker 1: have been for over one hundred years. With everyone talking

292
00:14:48,760 --> 00:14:52,360
Speaker 1: about American jobs. The companies behind these beverages have been

293
00:14:52,520 --> 00:14:55,640
Speaker 1: walking the walk the whole time. American beverage companies are

294
00:14:55,680 --> 00:15:00,280
Speaker 1: making American products with American workers in America's hometowns. They

295
00:15:00,360 --> 00:15:03,520
Speaker 1: employ over two hundred and seventy five thousand men and

296
00:15:03,520 --> 00:15:06,880
Speaker 1: women in all fifty states. People who show up every day,

297
00:15:07,120 --> 00:15:10,520
Speaker 1: do the work and deliver for our economy, for our communities,

298
00:15:10,840 --> 00:15:13,520
Speaker 1: and make sure I get that crispy diet. See for

299
00:15:13,560 --> 00:15:16,960
Speaker 1: yourself what they're doing, and we deliver for America dot org.

300
00:15:17,040 --> 00:15:20,120
Speaker 1: We deliver for America dot Org. Portion of the Alex

301
00:15:20,160 --> 00:15:24,400
Speaker 1: Marlow Show are sponsored by the American Beverage Association. So

302
00:15:24,480 --> 00:15:29,160
Speaker 1: that email, I'm not email that Emil Michael interview. It's

303
00:15:29,160 --> 00:15:31,400
Speaker 1: about twenty or so minutes on my podcast feed. We

304
00:15:31,440 --> 00:15:33,240
Speaker 1: did all sorts of stuff about the future of AI.

305
00:15:33,400 --> 00:15:35,440
Speaker 1: Stuff to be positive about, stuff to be negative about.

306
00:15:35,440 --> 00:15:36,880
Speaker 1: But there's gonna be a lot of AI content on

307
00:15:36,920 --> 00:15:39,720
Speaker 1: the show. My friend and colleague Winton Hall's new book,

308
00:15:39,760 --> 00:15:42,920
Speaker 1: Code Read is out on Tuesday. There's gonna be a

309
00:15:42,920 --> 00:15:45,240
Speaker 1: big books from HarperCollins, one of the biggest publishers around,

310
00:15:45,280 --> 00:15:47,840
Speaker 1: and he gets into reason to be optimistic. But why

311
00:15:47,880 --> 00:15:50,360
Speaker 1: the populis agenda has to control the future of AI

312
00:15:50,680 --> 00:15:53,320
Speaker 1: Because just stunning and shocking stuff that we're seeing that

313
00:15:53,480 --> 00:15:57,960
Speaker 1: perhaps we can have companies that are completely interested in

314
00:15:58,000 --> 00:16:01,360
Speaker 1: other things other than the success of them experiment that

315
00:16:01,720 --> 00:16:04,440
Speaker 1: our pentagon is dependent upon that. So much of our

316
00:16:04,480 --> 00:16:07,520
Speaker 1: future technology is dependent upon and it's going to cause

317
00:16:07,520 --> 00:16:10,200
Speaker 1: a huge shakeup in the jobs market as well. We've

318
00:16:10,200 --> 00:16:12,360
Speaker 1: been looking at some of the numbers, and a lot

319
00:16:12,360 --> 00:16:14,560
Speaker 1: of those blue collar jobs, a lot of those jobs

320
00:16:14,560 --> 00:16:16,520
Speaker 1: that we were told we're going to be going away

321
00:16:16,960 --> 00:16:20,520
Speaker 1: by the globalist establishment of earlier this century, those jobs

322
00:16:20,560 --> 00:16:22,120
Speaker 1: will be coming back and they're going to be paying

323
00:16:22,200 --> 00:16:24,880
Speaker 1: big and a lot of these low level white collar

324
00:16:24,960 --> 00:16:29,160
Speaker 1: jobs are being replaced right now by AI. We got

325
00:16:29,160 --> 00:16:31,320
Speaker 1: to prepare for that as well. This is really one

326
00:16:31,320 --> 00:16:33,680
Speaker 1: of the biggest revolutions that we've seen. This is a

327
00:16:33,760 --> 00:16:36,840
Speaker 1: huge change in so much of American life. It could

328
00:16:36,840 --> 00:16:40,800
Speaker 1: be akin to the development of electricity or the steam engine.

329
00:16:41,240 --> 00:16:43,520
Speaker 1: It is that level of a shift that we're seeing,

330
00:16:44,000 --> 00:16:45,760
Speaker 1: and it's going to get a lot more attention from

331
00:16:45,760 --> 00:16:48,800
Speaker 1: me on the show. All Right, before the I brought

332
00:16:48,800 --> 00:16:52,360
Speaker 1: in a Meil Michael. I'm talking a little bit about

333
00:16:52,640 --> 00:16:55,280
Speaker 1: the economy and how things are not going quite as

334
00:16:55,280 --> 00:16:57,920
Speaker 1: well as we would like. So the other thing that's

335
00:16:57,960 --> 00:17:00,560
Speaker 1: worth noting is to think, how are people going to

336
00:17:00,600 --> 00:17:04,480
Speaker 1: address such things well. Zira Mamdani's got an idea, the

337
00:17:04,520 --> 00:17:07,000
Speaker 1: New York City mayor, let's play cut four please, guys.

338
00:17:07,720 --> 00:17:10,600
Speaker 6: We already see an exodus of working in middle class

339
00:17:10,600 --> 00:17:12,800
Speaker 6: New Yorkers, So I don't have a hesitation in asking

340
00:17:12,840 --> 00:17:15,480
Speaker 6: those who make the most amount of money in this city,

341
00:17:15,560 --> 00:17:17,040
Speaker 6: or the most profits in the city, to pay a

342
00:17:17,040 --> 00:17:19,720
Speaker 6: little bit more so that everyone can actually stay in

343
00:17:19,720 --> 00:17:24,280
Speaker 6: this city. It's also something not just about justice or

344
00:17:24,320 --> 00:17:26,600
Speaker 6: the ability for working class people to live here. It

345
00:17:26,640 --> 00:17:29,960
Speaker 6: is also actually about ensuring that corporations can continue to

346
00:17:30,000 --> 00:17:33,000
Speaker 6: attract the top talent to this city. Because in a

347
00:17:33,000 --> 00:17:35,680
Speaker 6: city where childcare costs more than twenty thousand, dollars a year.

348
00:17:35,880 --> 00:17:38,320
Speaker 6: I've heard from corporate leaders about how difficult it is

349
00:17:38,520 --> 00:17:41,119
Speaker 6: for them to attract individuals who would work at their

350
00:17:41,119 --> 00:17:43,240
Speaker 6: companies but want to raise a family, because you could

351
00:17:43,280 --> 00:17:45,280
Speaker 6: be making three hundred thousand dollars a year and you

352
00:17:45,320 --> 00:17:48,359
Speaker 6: will feel that twenty thousand dollars a year because of

353
00:17:48,400 --> 00:17:50,159
Speaker 6: the fact that we have allowed for the absence of

354
00:17:50,200 --> 00:17:53,440
Speaker 6: affordable childcare to become reality here in this city.

355
00:17:55,160 --> 00:17:56,040
Speaker 2: It is remarkable.

356
00:17:56,119 --> 00:17:59,080
Speaker 1: I'll ask those who make the most amount of money

357
00:17:59,400 --> 00:18:02,320
Speaker 1: to pay more so that everyone can stay in the city.

358
00:18:02,880 --> 00:18:05,720
Speaker 1: It's just an amazing thing, is that this is exactly

359
00:18:05,840 --> 00:18:08,480
Speaker 1: It's informative because it teaches you the mind of the left.

360
00:18:08,520 --> 00:18:11,000
Speaker 1: It teaches you how they think. They think that the

361
00:18:11,400 --> 00:18:14,920
Speaker 1: key to getting people to stay is to bribe them

362
00:18:15,119 --> 00:18:20,120
Speaker 1: by confiscating productive people's money and promise them free stuff.

363
00:18:20,200 --> 00:18:22,159
Speaker 1: That we're going to take more money from the wealthy

364
00:18:22,200 --> 00:18:24,520
Speaker 1: people and we're going to give that to you via

365
00:18:24,600 --> 00:18:27,480
Speaker 1: free stuff, and that's going to entice you to either

366
00:18:27,520 --> 00:18:30,240
Speaker 1: stay or come to the city. And I see the logic.

367
00:18:30,280 --> 00:18:32,360
Speaker 1: But the problem is what is up happening is more

368
00:18:32,400 --> 00:18:35,199
Speaker 1: people leave, the tax base leaves, and it's not that

369
00:18:35,200 --> 00:18:37,000
Speaker 1: people are going to flood New York just for free

370
00:18:37,000 --> 00:18:40,680
Speaker 1: stuff unless they're unproductive people, and the more productive people

371
00:18:40,680 --> 00:18:42,360
Speaker 1: are going to leave. And it just tells you how

372
00:18:42,440 --> 00:18:46,080
Speaker 1: electorally speaking, the Democrat laft, the socialist left that Mom

373
00:18:46,160 --> 00:18:49,560
Speaker 1: Donnie is a part of, he is. Really that's the

374
00:18:49,600 --> 00:18:52,119
Speaker 1: whole mo that they've got, is to try to bribe

375
00:18:52,119 --> 00:18:55,679
Speaker 1: people with free stuff and to the penalize people for

376
00:18:55,800 --> 00:18:58,439
Speaker 1: being productive. The more productive you are in New York City,

377
00:18:58,680 --> 00:19:01,399
Speaker 1: the more you're going to pay. Also, floating a thirty

378
00:19:01,440 --> 00:19:03,959
Speaker 1: dollars minimum wage in New York that's in the early stages,

379
00:19:04,000 --> 00:19:05,879
Speaker 1: So I'll come back if that gets some legs. But

380
00:19:06,240 --> 00:19:08,320
Speaker 1: it's the same thing. I'll tell you. When I was

381
00:19:08,320 --> 00:19:11,399
Speaker 1: in the Bay Area and at UC Berkeley and I

382
00:19:11,400 --> 00:19:14,280
Speaker 1: worked in the restaurant industry and there was a minimum

383
00:19:14,320 --> 00:19:17,520
Speaker 1: wage hike, what ends up happening is everyone just loses shifts.

384
00:19:17,760 --> 00:19:18,480
Speaker 2: That's what happens.

385
00:19:18,840 --> 00:19:22,480
Speaker 1: It's just basic economics because in relatively low margin businesses,

386
00:19:22,560 --> 00:19:25,800
Speaker 1: when you see a hike in minimum wages, it just

387
00:19:25,880 --> 00:19:28,920
Speaker 1: means that people work fewer hours, people have fewer jobs.

388
00:19:28,960 --> 00:19:32,040
Speaker 2: You end up firing people. So it's all basic economics.

389
00:19:32,160 --> 00:19:34,159
Speaker 1: He couldn't pass in economics one on one class, or

390
00:19:34,160 --> 00:19:36,480
Speaker 1: maybe he could now because our universities are so broken

391
00:19:37,040 --> 00:19:40,040
Speaker 1: and this sort of thing is not penalized. It's really

392
00:19:40,040 --> 00:19:42,840
Speaker 1: interesting to track this story that was a couple of

393
00:19:42,880 --> 00:19:45,160
Speaker 1: days old, but it resurfaced to via a clip from

394
00:19:45,160 --> 00:19:48,720
Speaker 1: Elizabeth Warren. But Bruce Springsteen fans are not happy because

395
00:19:48,760 --> 00:19:52,480
Speaker 1: he has a No Kings themed tour. So this is

396
00:19:52,520 --> 00:19:54,520
Speaker 1: all based off of how much he hates Trump. It's

397
00:19:54,520 --> 00:19:58,520
Speaker 1: all anti Trump, this old No Kings thing, even though

398
00:19:58,520 --> 00:20:00,880
Speaker 1: Trump was of course democratically elect did won every single

399
00:20:00,920 --> 00:20:04,399
Speaker 1: swing state, won the popular vote, overcame law fair, overcame

400
00:20:04,440 --> 00:20:07,919
Speaker 1: assassination attempts, and he got elected. And then we have

401
00:20:08,000 --> 00:20:11,280
Speaker 1: all these dictators around the world, like Cuba for example,

402
00:20:11,400 --> 00:20:14,680
Speaker 1: Ron for example, who the American laugh now stands behind.

403
00:20:14,920 --> 00:20:18,879
Speaker 1: They like China with a emperor for life there, but America,

404
00:20:18,920 --> 00:20:21,159
Speaker 1: with our republic, that's not good enough for them. So

405
00:20:21,160 --> 00:20:24,560
Speaker 1: we have No Kings protest. And some of the tickets

406
00:20:24,560 --> 00:20:30,479
Speaker 1: are apparently three thousand dollars. Three thousand dollars for some

407
00:20:30,520 --> 00:20:32,199
Speaker 1: of these tickets, and I don't even think these are

408
00:20:32,240 --> 00:20:35,200
Speaker 1: the top tier tickets, but I think it goes even

409
00:20:35,280 --> 00:20:38,399
Speaker 1: higher from there. With Bruce Springsteen in the East Street Band.

410
00:20:38,920 --> 00:20:42,680
Speaker 1: And it was funny to me because Elizabeth Warren talked

411
00:20:42,680 --> 00:20:44,800
Speaker 1: about this and let me show you her analysis.

412
00:20:44,800 --> 00:20:45,240
Speaker 2: Cut six.

413
00:20:45,320 --> 00:20:53,120
Speaker 7: Please, what dude, Taylor Swift, Pearl Jam, and Maggie Rogers

414
00:20:53,160 --> 00:20:57,120
Speaker 7: have in common, Well, they've all spoken out about ticket

415
00:20:57,160 --> 00:21:02,000
Speaker 7: Master ripping off fans. Donald Trump just gave Ticketmaster the

416
00:21:02,040 --> 00:21:06,080
Speaker 7: equivalent of a corporate pardon. In twenty twenty four, the

417
00:21:06,160 --> 00:21:11,520
Speaker 7: Department of Justice sued Live Nation ticket Master for monopolizing

418
00:21:11,560 --> 00:21:16,080
Speaker 7: the market across the lives of that industry, and then poof.

419
00:21:21,400 --> 00:21:22,439
Speaker 1: We can you go to the clamp. I just want

420
00:21:22,480 --> 00:21:24,480
Speaker 1: to meet Scott because I can hear Scott setting up.

421
00:21:25,000 --> 00:21:30,160
Speaker 7: The Trump administration forced out the top official responsible for

422
00:21:30,200 --> 00:21:34,359
Speaker 7: this case. Coincidence, every time you pay more than you

423
00:21:34,440 --> 00:21:39,359
Speaker 7: should just to see your favorite artists, you can thank

424
00:21:39,600 --> 00:21:40,639
Speaker 7: Donald Trump for that.

425
00:21:43,240 --> 00:21:46,600
Speaker 1: It's Donald Trump's fault that Bruce Springsteen is charging three

426
00:21:46,640 --> 00:21:49,879
Speaker 1: thousand dollars for tickets at his No King's tour. And

427
00:21:49,880 --> 00:21:52,040
Speaker 1: this is a person of a Harvard professor, so not

428
00:21:52,119 --> 00:21:55,280
Speaker 1: in economics, but I just find this stuff just so

429
00:21:55,520 --> 00:21:59,119
Speaker 1: unbelievable that there's no accountability for any of these people

430
00:21:59,240 --> 00:22:03,160
Speaker 1: who are are in a Democrat elected office. They don't

431
00:22:03,160 --> 00:22:05,120
Speaker 1: have to abuy by their own principles. They don't care

432
00:22:05,160 --> 00:22:07,560
Speaker 1: that Bruce Springsteen charging three grand for no Kings tickets.

433
00:22:08,480 --> 00:22:11,280
Speaker 1: They blame Trump because ticket prices are high. They blame

434
00:22:11,359 --> 00:22:14,960
Speaker 1: Trump for Taylor Swift ticket prices being high, that it's

435
00:22:15,000 --> 00:22:16,480
Speaker 1: on Trump to solve this stuff.

436
00:22:16,880 --> 00:22:18,680
Speaker 2: Now, I don't know. I don't get a lot of concerts.

437
00:22:18,760 --> 00:22:20,000
Speaker 2: I'm not up on Ticketmaster.

438
00:22:20,080 --> 00:22:23,399
Speaker 1: I'm sure that they're taking advantage of everything, every option

439
00:22:23,520 --> 00:22:25,920
Speaker 1: they have to make more money, as everyone does. And

440
00:22:26,119 --> 00:22:30,239
Speaker 1: I know Trump's FTC is investigating Ticketmaster because there's all

441
00:22:30,240 --> 00:22:32,159
Speaker 1: these bots that I think are driving up prices and

442
00:22:32,200 --> 00:22:35,280
Speaker 1: reselling stuff. A lot of that's technology issue, and it

443
00:22:35,320 --> 00:22:36,879
Speaker 1: seems like something we got to get to the bottom of.

444
00:22:37,400 --> 00:22:39,520
Speaker 1: But I mean not like it's Trump's fault when Springsteen

445
00:22:39,520 --> 00:22:41,720
Speaker 1: is selling those tickets. I just I couldn't believe it.

446
00:22:41,880 --> 00:22:43,200
Speaker 1: And this is the whole thing is that they don't

447
00:22:43,240 --> 00:22:46,879
Speaker 1: hold themselves to their own standards. It is a NonStop

448
00:22:47,359 --> 00:22:50,520
Speaker 1: topic of conversation. As I've mentioned a couple times in

449
00:22:50,560 --> 00:22:53,120
Speaker 1: the show, there's a guy who has a Nazi tattoo,

450
00:22:53,119 --> 00:22:56,679
Speaker 1: sports a Nazi tattoo, running for the Democrat nomination in Maine,

451
00:22:56,760 --> 00:22:59,800
Speaker 1: and no one seems to care about this, and in fact,

452
00:23:00,040 --> 00:23:04,080
Speaker 1: he's now saying he is the anti anti semitism candidate.

453
00:23:04,119 --> 00:23:05,800
Speaker 1: Graham Plattner, I got to cut cup five.

454
00:23:05,800 --> 00:23:06,080
Speaker 2: Please.

455
00:23:10,200 --> 00:23:14,320
Speaker 8: Anti Semitism is on the rise in this country and internationally,

456
00:23:14,520 --> 00:23:16,879
Speaker 8: and something we need to keep in mind. As often

457
00:23:16,880 --> 00:23:20,439
Speaker 8: as these kind of events occur, we cannot normalize them.

458
00:23:20,800 --> 00:23:23,000
Speaker 8: We always have to call them out for exactly what

459
00:23:23,080 --> 00:23:28,880
Speaker 8: they are. Attacks on Jews are just entirely unacceptable. The

460
00:23:28,920 --> 00:23:32,679
Speaker 8: idea that someone would go to a synagogue with the

461
00:23:32,720 --> 00:23:36,080
Speaker 8: intent to commit violence against Jews is just utterly horrifying.

462
00:23:36,359 --> 00:23:39,040
Speaker 8: Anti Semitism has no place in the United States. It

463
00:23:39,040 --> 00:23:41,119
Speaker 8: has no place in our civil society.

464
00:23:43,359 --> 00:23:46,600
Speaker 1: If it's got no place, then why are you running,

465
00:23:47,240 --> 00:23:51,440
Speaker 1: Mister Nazi tattoo. If you're really so concerned about it,

466
00:23:51,640 --> 00:23:54,359
Speaker 1: put your hand up and say, because I have a

467
00:23:54,440 --> 00:23:58,520
Speaker 1: Nazi tattoo I've not gotten removed for some reason. Then

468
00:23:58,640 --> 00:24:02,320
Speaker 1: I will stand side and allow for someone who's clearly

469
00:24:02,520 --> 00:24:06,399
Speaker 1: not a Nazi, because again I'll tell you I'm a Nazi,

470
00:24:06,400 --> 00:24:08,639
Speaker 1: but you know, you see the Nazi tattoo. Maybe you

471
00:24:08,680 --> 00:24:11,080
Speaker 1: think I'm not telling the truth just in case, just

472
00:24:11,119 --> 00:24:14,680
Speaker 1: to make sure everyone knows the Democrats do not stand

473
00:24:14,720 --> 00:24:16,560
Speaker 1: with the Nazis. I'm gonna bow out, what do you

474
00:24:16,600 --> 00:24:19,199
Speaker 1: won't do that and no one will demand that he

475
00:24:19,280 --> 00:24:21,960
Speaker 1: does it. I was watching all the Obama world get

476
00:24:22,000 --> 00:24:25,280
Speaker 1: behind this guy. They want to excuse a guy the

477
00:24:25,320 --> 00:24:28,000
Speaker 1: literal Nazi tattoo. Could you imagine. Do you remember when

478
00:24:28,040 --> 00:24:31,320
Speaker 1: Pete Haiksath had they crossed whatever that special cross tattoo

479
00:24:31,960 --> 00:24:34,240
Speaker 1: and we were told that's a Nazi tattoo. So that's

480
00:24:34,280 --> 00:24:36,760
Speaker 1: not acceptable. And now we got to get the literal

481
00:24:36,840 --> 00:24:39,040
Speaker 1: Nazi tattoo and the Democrats embrace him.

482
00:24:39,119 --> 00:24:39,359
Speaker 2: Go on.

483
00:24:41,040 --> 00:24:42,960
Speaker 8: The only way that we're ever going to rid ourselves

484
00:24:43,000 --> 00:24:44,879
Speaker 8: of the scores is to be very honest about what

485
00:24:44,920 --> 00:24:48,000
Speaker 8: it is and when it happens. And sadly, as we

486
00:24:48,040 --> 00:24:50,960
Speaker 8: see these attacks continue, we are always going to have

487
00:24:51,080 --> 00:24:53,800
Speaker 8: to be on guard to make sure that we never

488
00:24:53,880 --> 00:24:57,520
Speaker 8: normalize it. This is not what we are supposed to

489
00:24:57,520 --> 00:25:00,439
Speaker 8: be as a nation. It's not who we are. We

490
00:25:00,480 --> 00:25:02,640
Speaker 8: should not be a nation where anyone lives in fear

491
00:25:02,760 --> 00:25:06,120
Speaker 8: because of who they are, because of the religion they are,

492
00:25:06,440 --> 00:25:09,120
Speaker 8: or the color of their skin, or their belief structures.

493
00:25:09,200 --> 00:25:11,760
Speaker 2: Or systems that is not the system that we're supposed to.

494
00:25:11,800 --> 00:25:14,040
Speaker 8: Have, and we need to build a world in which

495
00:25:14,080 --> 00:25:15,320
Speaker 8: that is not remotely the case.

496
00:25:15,400 --> 00:25:18,120
Speaker 2: We got it. This guy's full of bologny. He's full

497
00:25:18,160 --> 00:25:18,600
Speaker 2: of bologne.

498
00:25:19,560 --> 00:25:19,800
Speaker 8: All right.

499
00:25:19,840 --> 00:25:21,959
Speaker 1: A couple other items I want to bring up before

500
00:25:22,000 --> 00:25:24,440
Speaker 1: we run out of time. In the segment, Old Dominion

501
00:25:24,520 --> 00:25:28,480
Speaker 1: University saw a shooting from a Islamist attacker. So another

502
00:25:28,600 --> 00:25:32,320
Speaker 1: Islamist tier attack on our soil. Check out this clip

503
00:25:32,400 --> 00:25:37,160
Speaker 1: from the FBI. This is unbelievable. Cut three place, I'll

504
00:25:37,160 --> 00:25:37,760
Speaker 1: see disease.

505
00:25:39,560 --> 00:25:44,200
Speaker 7: There were students in that room that subdued him and.

506
00:25:45,920 --> 00:25:50,040
Speaker 9: Rendered him no longer a lot and as to say it,

507
00:25:50,080 --> 00:25:53,520
Speaker 9: but they basically are were able to terminate the threat

508
00:25:54,359 --> 00:25:54,600
Speaker 9: he was.

509
00:25:55,400 --> 00:25:56,360
Speaker 10: He was not shut.

510
00:25:58,800 --> 00:26:01,600
Speaker 1: Here's what's unbelievable here. So this guy born in Sierra Leone,

511
00:26:01,760 --> 00:26:07,000
Speaker 1: naturalized US citizen, radicalized Ballocado, according to reports, seemed to

512
00:26:07,040 --> 00:26:10,520
Speaker 1: pleasure allegiance to ISIS. I'd been in prison, was released

513
00:26:10,560 --> 00:26:15,720
Speaker 1: under Biden, according to reports, and the students subdued him

514
00:26:15,760 --> 00:26:19,639
Speaker 1: with no gun and then the NBI said they rendered

515
00:26:19,720 --> 00:26:22,040
Speaker 1: him unalive, which was one of the great sound bites.

516
00:26:22,359 --> 00:26:24,640
Speaker 1: Awesome stuff on these students. But the threat of Islama's

517
00:26:24,680 --> 00:26:26,920
Speaker 1: terurism really big deal. And the one item I haven't

518
00:26:26,920 --> 00:26:29,359
Speaker 1: gotten to so far that I want to tell you

519
00:26:29,359 --> 00:26:32,280
Speaker 1: guys about. A top Cornn staffer has been revealed to

520
00:26:32,359 --> 00:26:34,400
Speaker 1: someone trying to put Breitbart out. A business guy named

521
00:26:34,400 --> 00:26:38,119
Speaker 1: Matt mccoeac noticed that Trump endorsement for Cornon did not

522
00:26:38,200 --> 00:26:41,560
Speaker 1: come in yet. And this is exciting because it shows

523
00:26:41,600 --> 00:26:43,720
Speaker 1: that maybe Ken Paxon can get through. We'll have paxer

524
00:26:43,800 --> 00:26:45,520
Speaker 1: on next week. I was just texting with this guy

525
00:26:46,000 --> 00:26:48,960
Speaker 1: just a minute ago, so I am super excited about

526
00:26:49,000 --> 00:26:52,639
Speaker 1: that race. Could we get Corman across that would be unbelievable.

527
00:27:02,440 --> 00:27:03,600
Speaker 2: Now here's Alex.

528
00:27:05,119 --> 00:27:07,439
Speaker 1: That song as a banger like it's a lot of

529
00:27:07,440 --> 00:27:10,280
Speaker 1: s bins in my house. It's pretty kid friendly, poppy.

530
00:27:10,440 --> 00:27:12,399
Speaker 2: I like it. It's a good song. That's a good one.

531
00:27:12,600 --> 00:27:13,560
Speaker 2: I am Alex Marlow.

532
00:27:13,640 --> 00:27:15,840
Speaker 1: I hos see Alex Marlow show right here on The

533
00:27:15,880 --> 00:27:19,400
Speaker 1: Answer at nine am every weekday morning and also available

534
00:27:19,400 --> 00:27:22,720
Speaker 1: on podcasts. I do additional podcasts every single week, three

535
00:27:22,800 --> 00:27:25,800
Speaker 1: extra ones as well longer form interviews, etc.

536
00:27:26,520 --> 00:27:27,840
Speaker 2: One other thing that I work on.

537
00:27:28,000 --> 00:27:30,680
Speaker 1: Even though I'm the big player in it, I'm in

538
00:27:30,720 --> 00:27:33,240
Speaker 1: the Ed McMahon role is something called the Breitbart Business

539
00:27:33,240 --> 00:27:35,440
Speaker 1: Digests as one of our proudest products at bright Bart

540
00:27:35,480 --> 00:27:37,760
Speaker 1: News Rum the editor in chief, and I think it's

541
00:27:37,760 --> 00:27:40,439
Speaker 1: the most important MAGA newsletter imaginable, and not because I

542
00:27:40,440 --> 00:27:42,840
Speaker 1: play a small role in it, but because John Carney,

543
00:27:42,840 --> 00:27:46,920
Speaker 1: our Economic and Finance editor, is the main writer on it,

544
00:27:47,040 --> 00:27:50,400
Speaker 1: and he had a wealth of knowledge on I would say,

545
00:27:50,480 --> 00:27:54,840
Speaker 1: anti establishment economics. Someone who has a background both from

546
00:27:54,880 --> 00:27:56,879
Speaker 1: Wall Street and from being a lawyer with the Wall

547
00:27:56,920 --> 00:27:59,560
Speaker 1: Street Journal and CNBC in so many different places where

548
00:27:59,560 --> 00:28:01,920
Speaker 1: he's worked, where he's at a think front row seat

549
00:28:01,960 --> 00:28:05,080
Speaker 1: to all of the craziness that we've seen economically this

550
00:28:05,200 --> 00:28:08,800
Speaker 1: century and is a perfect person to balance out some

551
00:28:08,840 --> 00:28:10,639
Speaker 1: of the content here on this wealth summit.

552
00:28:10,800 --> 00:28:12,440
Speaker 2: John, it is a pleasure to have you on. Thank

553
00:28:12,440 --> 00:28:13,159
Speaker 2: you for being here with me.

554
00:28:14,119 --> 00:28:15,480
Speaker 10: Yeah, thanks for having me, Alex.

555
00:28:15,880 --> 00:28:17,720
Speaker 9: I don't know if I've been on around for a

556
00:28:17,880 --> 00:28:19,240
Speaker 9: full century yet.

557
00:28:19,040 --> 00:28:22,520
Speaker 2: But you know the centry, I'm getting closer.

558
00:28:22,640 --> 00:28:25,160
Speaker 1: So I got the news business in twenty two thousand

559
00:28:25,160 --> 00:28:27,360
Speaker 1: and four, so I don't look that old, but it's

560
00:28:27,400 --> 00:28:28,400
Speaker 1: they maybe I'm looking older.

561
00:28:28,400 --> 00:28:30,680
Speaker 2: I don't know. It's we all look at it's part

562
00:28:30,680 --> 00:28:31,000
Speaker 2: of life.

563
00:28:31,040 --> 00:28:33,600
Speaker 10: Right, you were like three years old when you started.

564
00:28:33,600 --> 00:28:36,679
Speaker 2: It's true. I was. I was three. I was three.

565
00:28:36,840 --> 00:28:42,280
Speaker 1: It was the it was I went from diapers when

566
00:28:42,320 --> 00:28:45,320
Speaker 1: I started to I'll be diapers when I'm done, because

567
00:28:45,320 --> 00:28:46,800
Speaker 1: they've been a bright part the whole time. I'll be

568
00:28:46,840 --> 00:28:48,920
Speaker 1: back in diapers. So I'm finally out of this. So

569
00:28:48,960 --> 00:28:50,840
Speaker 1: we have a lot of ground to cover, and I

570
00:28:50,920 --> 00:28:53,560
Speaker 1: set up the show. The way I tried to set

571
00:28:53,600 --> 00:28:55,440
Speaker 1: this thing up is talk a lot of big picture,

572
00:28:55,600 --> 00:28:58,120
Speaker 1: a lot of culture, a lot of what's going on

573
00:28:58,240 --> 00:29:02,920
Speaker 1: I think broader level with the first half of each

574
00:29:02,920 --> 00:29:05,400
Speaker 1: hour of the summit, and then we're having deep dives

575
00:29:05,400 --> 00:29:08,720
Speaker 1: on presious metals the second half. And so just set

576
00:29:08,760 --> 00:29:12,240
Speaker 1: up this basic point to me, how is the economy doing?

577
00:29:12,280 --> 00:29:13,680
Speaker 1: From your advantage point.

578
00:29:14,440 --> 00:29:18,360
Speaker 9: The economy is actually doing very very well. If you

579
00:29:18,520 --> 00:29:24,000
Speaker 9: look at almost every metric. Unemployment is very low. We

580
00:29:24,040 --> 00:29:28,080
Speaker 9: get jobless claims every week, Hardly anybody is losing their jobs.

581
00:29:28,520 --> 00:29:33,000
Speaker 9: We've had a couple of tremendous quarters of very high growth.

582
00:29:33,800 --> 00:29:36,920
Speaker 9: The fourth quarter of last year was a little bit slow,

583
00:29:37,400 --> 00:29:38,920
Speaker 9: but that was because it was we.

584
00:29:38,840 --> 00:29:42,040
Speaker 10: Had this government shut down through things off the.

585
00:29:42,840 --> 00:29:47,840
Speaker 9: Productivity is growing at levels we haven't seen for decades.

586
00:29:48,840 --> 00:29:52,800
Speaker 9: Productivity is really sort of the secret sauce to growing

587
00:29:52,840 --> 00:29:53,560
Speaker 9: the economy.

588
00:29:54,000 --> 00:29:56,920
Speaker 10: You can, you know, juice it through tax cuts, you can.

589
00:29:56,840 --> 00:29:59,000
Speaker 9: Do a lot of things. What you really need is

590
00:29:59,040 --> 00:30:02,560
Speaker 9: productivity growth. That's what we're getting now, so that is

591
00:30:02,960 --> 00:30:06,040
Speaker 9: a huge positive. The other thing is we're seeing a

592
00:30:06,080 --> 00:30:09,400
Speaker 9: lot of investment right now from companies. So if you

593
00:30:09,520 --> 00:30:14,040
Speaker 9: look at like capex spending that is really high, that's

594
00:30:14,080 --> 00:30:17,360
Speaker 9: doing very well. So the economy is going very well.

595
00:30:17,440 --> 00:30:21,040
Speaker 10: There are concerns. There are spots of weakness.

596
00:30:21,440 --> 00:30:25,760
Speaker 9: The housing market hasn't been great, interest rates are higher

597
00:30:25,760 --> 00:30:26,720
Speaker 9: than they should be.

598
00:30:27,520 --> 00:30:29,240
Speaker 10: The labor market.

599
00:30:29,360 --> 00:30:33,520
Speaker 9: While i said unemployment is very low and very few

600
00:30:33,560 --> 00:30:37,160
Speaker 9: people are losing their jobs right now, we're not creating

601
00:30:37,200 --> 00:30:38,040
Speaker 9: a lot of jobs.

602
00:30:38,160 --> 00:30:40,000
Speaker 10: That's probably less of a problem.

603
00:30:39,640 --> 00:30:43,400
Speaker 9: Than it seems, but it does mean that it wouldn't

604
00:30:43,440 --> 00:30:47,280
Speaker 9: take that much for, you know, for the labor market

605
00:30:47,320 --> 00:30:50,040
Speaker 9: possibly to turn over. Usually when the labor market goes

606
00:30:50,080 --> 00:30:53,160
Speaker 9: from like good to bad, it doesn't really quick and

607
00:30:53,200 --> 00:30:55,680
Speaker 9: it's usually because something unexpected happens.

608
00:30:56,200 --> 00:30:57,560
Speaker 10: And that brings me to my concern.

609
00:30:57,640 --> 00:31:01,120
Speaker 9: Now we're in something unexpected happening right, we have a

610
00:31:01,240 --> 00:31:03,640
Speaker 9: we have a war, we have oil prices shooting up.

611
00:31:04,080 --> 00:31:07,080
Speaker 9: Those are negatives for the economy, and so there are

612
00:31:07,200 --> 00:31:08,520
Speaker 9: risks to the economy.

613
00:31:09,080 --> 00:31:11,000
Speaker 10: But right now it's doing very well.

614
00:31:11,480 --> 00:31:15,240
Speaker 1: And you're not, per se, a someone who is a

615
00:31:15,760 --> 00:31:19,400
Speaker 1: some sort of a stock analyst who would advise you

616
00:31:19,440 --> 00:31:22,040
Speaker 1: on your wealth, per Se, but you're someone who has

617
00:31:22,120 --> 00:31:24,320
Speaker 1: deep knowledge. So I'm going to ask you not to

618
00:31:24,360 --> 00:31:26,400
Speaker 1: make stock picks, but I want to. I want you

619
00:31:26,440 --> 00:31:29,880
Speaker 1: to tell me what are you excited about in our

620
00:31:29,920 --> 00:31:31,800
Speaker 1: economy and what gives you pause?

621
00:31:32,960 --> 00:31:35,560
Speaker 9: Right, Okay, So one thing I would say is I think,

622
00:31:35,720 --> 00:31:37,840
Speaker 9: and this is going to sound a little stock analyst

623
00:31:37,960 --> 00:31:39,440
Speaker 9: in stockpicky, but I'll.

624
00:31:39,280 --> 00:31:42,760
Speaker 10: Just say I think there's a.

625
00:31:42,600 --> 00:31:46,480
Speaker 9: Very good chance that we actually get a violent upswing

626
00:31:46,800 --> 00:31:51,520
Speaker 9: in stock prices and the violent down swing in oil prices.

627
00:31:52,000 --> 00:31:55,080
Speaker 9: Right now, the thing that's holding back the stock market

628
00:31:55,680 --> 00:31:58,680
Speaker 9: is this concern over oil getting.

629
00:31:58,400 --> 00:32:00,880
Speaker 10: Through the straight of her moves out of Persian golf.

630
00:32:01,480 --> 00:32:04,160
Speaker 10: Every time oil goes up, stocks go down.

631
00:32:04,800 --> 00:32:08,160
Speaker 9: If that problem gets resolved, either because the war ends

632
00:32:08,240 --> 00:32:13,080
Speaker 9: because we destroy Iran's capability to interfere with the straight

633
00:32:13,120 --> 00:32:15,560
Speaker 9: of her moves, I think you're going to see just

634
00:32:15,680 --> 00:32:19,800
Speaker 9: a tremendous upside well, and so I think that's working.

635
00:32:19,840 --> 00:32:23,040
Speaker 9: That's what I'm excited about that. I'm excited about Capex,

636
00:32:23,280 --> 00:32:24,719
Speaker 9: and I'm excited.

637
00:32:24,240 --> 00:32:26,040
Speaker 10: About the growth of productivity.

638
00:32:26,720 --> 00:32:30,320
Speaker 9: What worries me is we have a federal Reserve that

639
00:32:30,400 --> 00:32:34,080
Speaker 9: hates Donald Trump. I mean, you and I have talked

640
00:32:34,120 --> 00:32:37,400
Speaker 9: a lot over the years at this point, I've about

641
00:32:38,520 --> 00:32:40,320
Speaker 9: why the FED does what it does and this, but

642
00:32:40,360 --> 00:32:44,000
Speaker 9: I'm pretty convinced that there's just no way j Powell

643
00:32:44,000 --> 00:32:47,320
Speaker 9: will cut interest rates as long as Donald Trump is

644
00:32:47,400 --> 00:32:49,000
Speaker 9: president and he is the Federal Reserve.

645
00:32:49,080 --> 00:32:49,720
Speaker 10: So we have to wait.

646
00:32:50,440 --> 00:32:55,400
Speaker 9: So J Powell is he is the FED chairman until

647
00:32:55,640 --> 00:32:59,440
Speaker 9: May fifteenth, then he's gone. We don't have another meeting

648
00:32:59,480 --> 00:33:04,800
Speaker 9: though of that until June sixteenth, I think is the meeting.

649
00:33:06,120 --> 00:33:09,560
Speaker 9: So that means there will be no cut until June sixteenth.

650
00:33:09,960 --> 00:33:13,520
Speaker 9: But then the next chairman, presumably Kevin Worrish, will come in.

651
00:33:13,800 --> 00:33:15,440
Speaker 9: I don't think he will be able to get a

652
00:33:15,480 --> 00:33:18,400
Speaker 9: cut in his first meeting, so that means we're at

653
00:33:18,440 --> 00:33:21,080
Speaker 9: the end of July before we can get a cut.

654
00:33:21,400 --> 00:33:23,360
Speaker 9: Can he get a cut the second meeting, I don't know.

655
00:33:24,440 --> 00:33:27,840
Speaker 9: Then there's not another meeting till September. So that's a

656
00:33:27,960 --> 00:33:31,200
Speaker 9: long time for interest rates to stay exactly where they

657
00:33:31,240 --> 00:33:34,320
Speaker 9: are when the economy is not creating a lot of jobs,

658
00:33:34,520 --> 00:33:39,680
Speaker 9: where there's risk from a war abroad, and when oil

659
00:33:39,720 --> 00:33:43,400
Speaker 9: prices are potentially interfering with the economy. To have a

660
00:33:43,400 --> 00:33:47,840
Speaker 9: FED that's basically going to be stuck until September.

661
00:33:48,160 --> 00:33:50,600
Speaker 10: I think that's the thing I'm most worried about right now.

662
00:33:50,720 --> 00:33:52,960
Speaker 1: There's a lot that I want to impac the unpack

663
00:33:53,000 --> 00:33:54,440
Speaker 1: in there. I want to talk about trends in the

664
00:33:54,480 --> 00:33:56,880
Speaker 1: labor market, but I also want to talk about oil

665
00:33:57,400 --> 00:33:59,720
Speaker 1: because that is sort of where everyone's mind is at

666
00:33:59,760 --> 00:34:03,440
Speaker 1: right now. Because we saw war in Iran and we

667
00:34:03,480 --> 00:34:06,120
Speaker 1: thought that, well, perhaps this could hurt China because Iran

668
00:34:06,920 --> 00:34:10,360
Speaker 1: supplies China with a lot of China's oil, and Iran's

669
00:34:10,360 --> 00:34:13,640
Speaker 1: economy is largely dependent on funneling oil to China, and

670
00:34:13,760 --> 00:34:16,920
Speaker 1: it seemed like China's getting all the oil and our

671
00:34:17,000 --> 00:34:19,680
Speaker 1: ships are stopped in the strait of war moves, which

672
00:34:19,719 --> 00:34:21,840
Speaker 1: is again by a large.

673
00:34:21,719 --> 00:34:23,320
Speaker 2: Be kind of positive on the war effort.

674
00:34:23,400 --> 00:34:25,680
Speaker 1: I would say cautiously positive to this point, knowing it

675
00:34:25,680 --> 00:34:27,800
Speaker 1: could go south at any moment, but I like the

676
00:34:27,840 --> 00:34:29,640
Speaker 1: idea that Trump kept his word that he doesn't want

677
00:34:29,640 --> 00:34:31,880
Speaker 1: Iran to develop nukes and ballistic missiles and to keep

678
00:34:31,920 --> 00:34:35,359
Speaker 1: funding terror. I like the idea of how efficient we've

679
00:34:35,400 --> 00:34:37,520
Speaker 1: been with our aerial assaults. I think that they've been

680
00:34:38,440 --> 00:34:40,840
Speaker 1: very relatively low risk. It seems in very high reward

681
00:34:40,880 --> 00:34:44,880
Speaker 1: thus far, and that's pretty amazing. But overall, the oil,

682
00:34:45,440 --> 00:34:49,960
Speaker 1: even though it's fluctuating, isn't just high purely. It feels

683
00:34:50,000 --> 00:34:54,520
Speaker 1: like there's I don't feel completely convinced that it's stable.

684
00:34:55,760 --> 00:35:00,320
Speaker 9: Yeah, so that is a problem, and it's stabilized pretty

685
00:35:00,360 --> 00:35:04,600
Speaker 9: high level right now, meaning we you know, we were

686
00:35:04,640 --> 00:35:05,239
Speaker 9: down the.

687
00:35:05,160 --> 00:35:07,880
Speaker 10: Beginning of the year around sixty dollars a barrel.

688
00:35:08,560 --> 00:35:12,240
Speaker 9: We're up around above you know, in the eighties to nineties.

689
00:35:12,320 --> 00:35:15,080
Speaker 9: Now we briefly got above one hundred dollars a barrel.

690
00:35:15,480 --> 00:35:16,600
Speaker 10: That's really bad.

691
00:35:17,080 --> 00:35:21,080
Speaker 9: Anything in the nineties has the potential to result in

692
00:35:21,280 --> 00:35:27,360
Speaker 9: very high gasoline prices and to really slowed down the

693
00:35:27,400 --> 00:35:31,840
Speaker 9: economy pretty seriously. Not instantly, right like a couple of days,

694
00:35:31,920 --> 00:35:35,960
Speaker 9: you're fine, even a couple of weeks, But gasoline think

695
00:35:35,960 --> 00:35:36,640
Speaker 9: of it like a.

696
00:35:36,719 --> 00:35:38,200
Speaker 10: Tax on Americans.

697
00:35:38,600 --> 00:35:42,240
Speaker 9: You every dollar that gets spent filling up a gas

698
00:35:42,280 --> 00:35:45,960
Speaker 9: tank is a dollar that can't get spent elsewhere in

699
00:35:46,000 --> 00:35:50,200
Speaker 9: the economy. So that means, you know, people like hairstylists,

700
00:35:50,560 --> 00:35:53,320
Speaker 9: their clients show up a little you know, fewer times

701
00:35:53,360 --> 00:35:56,560
Speaker 9: because they can't you know, they can't afford as many haircuts.

702
00:35:56,600 --> 00:35:59,440
Speaker 9: That people eat out a little less, people buy a

703
00:35:59,600 --> 00:36:04,040
Speaker 9: you know, maybe a few fewer you know, pairs of socks.

704
00:36:04,120 --> 00:36:07,360
Speaker 10: Right, So it starts to sap spending in the economy.

705
00:36:07,640 --> 00:36:10,280
Speaker 9: And so that means the hairstylist and the and the

706
00:36:10,280 --> 00:36:12,640
Speaker 9: restaurant owner has less money to spend.

707
00:36:12,840 --> 00:36:13,680
Speaker 10: It filters through.

708
00:36:13,719 --> 00:36:16,839
Speaker 9: It has a multiplier effect that really can slow down

709
00:36:16,840 --> 00:36:17,440
Speaker 9: the economy.

710
00:36:17,960 --> 00:36:19,880
Speaker 10: Uh. Now, it's not pure. It used to be a

711
00:36:19,880 --> 00:36:20,400
Speaker 10: lot worse.

712
00:36:21,000 --> 00:36:25,880
Speaker 9: Right, So, before we were a major energy producer, before

713
00:36:25,920 --> 00:36:29,600
Speaker 9: we made our own oil at the tremendous level we

714
00:36:29,680 --> 00:36:32,279
Speaker 9: do now, it was a lot worse because it was

715
00:36:32,280 --> 00:36:35,319
Speaker 9: a pure tax. It just left the US economy and

716
00:36:35,480 --> 00:36:38,279
Speaker 9: ended up in the pockets of people like you know,

717
00:36:38,360 --> 00:36:39,400
Speaker 9: in the Persian Gulf.

718
00:36:40,000 --> 00:36:42,000
Speaker 10: Now, some of that money stays in.

719
00:36:41,920 --> 00:36:45,520
Speaker 9: The US economy, but there's a sequencing problem.

720
00:36:46,000 --> 00:36:49,480
Speaker 10: The consumers will get hit first before.

721
00:36:49,120 --> 00:36:53,040
Speaker 9: That money that gets you know, recycled into the oil

722
00:36:53,120 --> 00:36:56,800
Speaker 9: companies and then back out into the US economy. Before

723
00:36:56,880 --> 00:37:01,799
Speaker 9: that recycling happens, consumers will feel the pitch and that

724
00:37:02,280 --> 00:37:04,400
Speaker 9: is the danger right now from a high oil person.

725
00:37:04,480 --> 00:37:06,600
Speaker 1: One of the things John, and again this is the

726
00:37:06,680 --> 00:37:09,960
Speaker 1: Wealth Summit on AMA seventy and AM five ninety the answer,

727
00:37:10,200 --> 00:37:12,440
Speaker 1: and I'm Alex Marlow. I hos se Alex Marlow Show

728
00:37:12,440 --> 00:37:14,840
Speaker 1: in the morning here on this station. Happy to be

729
00:37:14,840 --> 00:37:17,880
Speaker 1: speaking to some economic experts today, including my friend John Carney,

730
00:37:17,920 --> 00:37:20,919
Speaker 1: who runs the economic coverage rust of bright Bard News

731
00:37:20,920 --> 00:37:23,520
Speaker 1: and writes the bright Bart Business Digest. One of the

732
00:37:23,560 --> 00:37:27,040
Speaker 1: things John, that's been just totally fascinating really since the

733
00:37:27,080 --> 00:37:28,919
Speaker 1: dawn of the Trump era is it feels like there's

734
00:37:28,960 --> 00:37:32,120
Speaker 1: so few economic bell Weathers people you can really trust.

735
00:37:32,640 --> 00:37:35,760
Speaker 1: Pretty much every expert just compromise themselves during the tariff

736
00:37:35,800 --> 00:37:38,600
Speaker 1: debate where they all announced the tariffs would inevitably be

737
00:37:38,760 --> 00:37:42,399
Speaker 1: inflation inflationary and they've turned out not to be at all.

738
00:37:42,520 --> 00:37:44,320
Speaker 1: And then even things, you know, my first take on

739
00:37:44,360 --> 00:37:45,920
Speaker 1: this Iran war was that this was going to be

740
00:37:45,920 --> 00:37:48,520
Speaker 1: tougher on China than it would be on us. Immediately,

741
00:37:48,560 --> 00:37:51,200
Speaker 1: that didn't necessarily come true, and maybe long term it will.

742
00:37:51,920 --> 00:37:55,680
Speaker 1: But also you think about stuff like Venezuela, where we're

743
00:37:55,719 --> 00:37:58,960
Speaker 1: going in and we're already getting precious metals and rare

744
00:37:59,000 --> 00:38:02,080
Speaker 1: earths from venezuel We're already going to pay for ourselves

745
00:38:02,080 --> 00:38:03,440
Speaker 1: with the oil we're getting from Venezuela.

746
00:38:03,520 --> 00:38:04,960
Speaker 2: We're going in and we're getting stuff.

747
00:38:05,280 --> 00:38:06,840
Speaker 1: Who would have thought in the night of the Maduro

748
00:38:06,960 --> 00:38:10,360
Speaker 1: raid that this is going to be immediately financially beneficial

749
00:38:10,400 --> 00:38:12,480
Speaker 1: to this country? And it feels like people are just

750
00:38:12,560 --> 00:38:16,319
Speaker 1: guessing wrong. So how do you develop a I to

751
00:38:16,400 --> 00:38:20,680
Speaker 1: be able to seek out the good information and to

752
00:38:20,920 --> 00:38:22,800
Speaker 1: eliminate the bs from your news diet?

753
00:38:23,960 --> 00:38:24,120
Speaker 10: Right?

754
00:38:24,160 --> 00:38:26,479
Speaker 9: Well, so I think a really important thing for people

755
00:38:26,520 --> 00:38:28,520
Speaker 9: to remember is exactly what you said.

756
00:38:28,680 --> 00:38:31,720
Speaker 10: There's a lot of motivated reasoning that goes on out.

757
00:38:31,560 --> 00:38:34,160
Speaker 2: There that's exactly exactly right.

758
00:38:34,239 --> 00:38:37,480
Speaker 10: Right. You gotta think, like, Okay, this guy who's.

759
00:38:37,280 --> 00:38:39,320
Speaker 2: Predicting doom, here's the answer.

760
00:38:39,520 --> 00:38:41,480
Speaker 1: So let me come up with the Rationaley get there

761
00:38:42,320 --> 00:38:43,000
Speaker 1: exactly right?

762
00:38:43,040 --> 00:38:44,560
Speaker 10: Does he just hate Donald Trump?

763
00:38:44,680 --> 00:38:44,799
Speaker 8: Right?

764
00:38:45,040 --> 00:38:48,080
Speaker 10: Then everything that comes up is going to be due.

765
00:38:48,320 --> 00:38:50,200
Speaker 9: I will have to say, Look, there's some people on

766
00:38:50,239 --> 00:38:52,319
Speaker 9: the other side of it too. There's some people who

767
00:38:52,320 --> 00:38:55,440
Speaker 9: will tell you everything will always be terrific.

768
00:38:55,520 --> 00:38:58,319
Speaker 10: There's no risk to the economy as long as Donald

769
00:38:58,320 --> 00:39:00,719
Speaker 10: Trump's president. I try not to be back.

770
00:39:01,080 --> 00:39:04,520
Speaker 9: I'm you know, look, I'm a big fan of our president,

771
00:39:04,880 --> 00:39:06,840
Speaker 9: but I try to make sure that I tell people

772
00:39:07,440 --> 00:39:08,800
Speaker 9: what I think is really happening.

773
00:39:09,040 --> 00:39:11,920
Speaker 10: So I do think there's a potential if oil, you know.

774
00:39:11,880 --> 00:39:14,640
Speaker 9: So, as I said, if oil stays at ninety to

775
00:39:14,680 --> 00:39:17,080
Speaker 9: one hundred dollars or above one hundred dollars, that's going

776
00:39:17,160 --> 00:39:18,320
Speaker 9: to be bad for the economy.

777
00:39:19,120 --> 00:39:21,960
Speaker 10: I don't think that's going to happen, but there is

778
00:39:22,000 --> 00:39:23,880
Speaker 10: a risk that that's happening.

779
00:39:24,200 --> 00:39:25,840
Speaker 9: So I think you really what you really want to

780
00:39:25,840 --> 00:39:29,560
Speaker 9: find out when you're trying to figure out, you know what,

781
00:39:29,560 --> 00:39:33,680
Speaker 9: what are the potentials here is is this person engaging

782
00:39:33,680 --> 00:39:35,440
Speaker 9: in motivated reasoning or do they.

783
00:39:35,360 --> 00:39:38,080
Speaker 10: Seem to be trying to analyze things?

784
00:39:38,160 --> 00:39:42,520
Speaker 9: And the other way I would put it is people

785
00:39:42,560 --> 00:39:46,120
Speaker 9: who are serious about trying to figure out what's happening

786
00:39:46,200 --> 00:39:50,840
Speaker 9: in the economy talk in terms of risk and not absoluteness.

787
00:39:51,680 --> 00:39:55,560
Speaker 9: They don't say this is going to cause this, They

788
00:39:55,600 --> 00:39:57,880
Speaker 9: say there's a risk that this is going to happen

789
00:39:58,400 --> 00:40:01,960
Speaker 9: because we don't know, you know, nobody can tell the future, right.

790
00:40:02,520 --> 00:40:07,479
Speaker 9: We know that there are risks, and some things there's

791
00:40:07,760 --> 00:40:09,840
Speaker 9: a greater chance of happening, and some things the less.

792
00:40:10,880 --> 00:40:13,240
Speaker 9: I do say if anybody gives you a very precise

793
00:40:13,320 --> 00:40:15,840
Speaker 9: number of the risk. If somebody says there's a twenty

794
00:40:15,920 --> 00:40:17,360
Speaker 9: four percent chance.

795
00:40:17,160 --> 00:40:20,120
Speaker 10: Of a recession, they're just out of their minds. You know,

796
00:40:20,200 --> 00:40:23,560
Speaker 10: nobody knows but that precise. But what they could say

797
00:40:23,640 --> 00:40:24,640
Speaker 10: is the chance.

798
00:40:25,080 --> 00:40:27,080
Speaker 9: And I'll say this, I think the chance of a

799
00:40:27,160 --> 00:40:31,279
Speaker 9: recession this year was zero before oil.

800
00:40:31,000 --> 00:40:35,160
Speaker 10: Went to ninety dollars. It's no longer zero, but it's

801
00:40:35,200 --> 00:40:37,759
Speaker 10: still very low. You know. I don't think we're in

802
00:40:37,800 --> 00:40:38,520
Speaker 10: for a recession.

803
00:40:39,719 --> 00:40:41,759
Speaker 9: And I think if things really did get bad enough,

804
00:40:41,800 --> 00:40:43,520
Speaker 9: I know, I just went through the whole thing about

805
00:40:43,680 --> 00:40:46,879
Speaker 9: how j Powell won't cut. Look if the unemployment rate

806
00:40:46,960 --> 00:40:49,279
Speaker 9: jumped to six percent in the next two months, which

807
00:40:49,320 --> 00:40:52,759
Speaker 9: again not gonna I do not believe anything like that

808
00:40:52,760 --> 00:40:55,719
Speaker 9: would happen, then yeah, the Fed will cut, no matter

809
00:40:55,760 --> 00:40:56,280
Speaker 9: how much.

810
00:40:56,200 --> 00:40:57,120
Speaker 10: They hate down Trump.

811
00:40:57,840 --> 00:41:00,920
Speaker 1: You know one thing that is being peeded over and

812
00:41:00,960 --> 00:41:03,080
Speaker 1: over again in this space talk radio space where we

813
00:41:03,160 --> 00:41:05,080
Speaker 1: have a lot of great partners and a lot of

814
00:41:05,120 --> 00:41:07,080
Speaker 1: people who make this space possible who are in the

815
00:41:07,120 --> 00:41:09,799
Speaker 1: goal precious metals industry, And there's been a lot of

816
00:41:09,800 --> 00:41:12,880
Speaker 1: talk of late last year with Morgan, Stanley's chief investment

817
00:41:12,920 --> 00:41:16,200
Speaker 1: officer was recommending of a twenty percent in gold in particular,

818
00:41:16,320 --> 00:41:20,359
Speaker 1: but a huge buy into precious metals in your portfolio.

819
00:41:20,800 --> 00:41:23,560
Speaker 1: What do you make of this and what do you

820
00:41:23,600 --> 00:41:27,160
Speaker 1: think is essential for the audience to understand about that change.

821
00:41:27,480 --> 00:41:31,400
Speaker 9: So I do think that there is a I'm not

822
00:41:31,440 --> 00:41:34,280
Speaker 9: going to tell you that I know what precious metals

823
00:41:34,280 --> 00:41:37,320
Speaker 9: are going to do this week, next week, next month,

824
00:41:37,800 --> 00:41:40,440
Speaker 9: but I do think that there is a long term

825
00:41:40,800 --> 00:41:42,920
Speaker 9: investment in precious metals and.

826
00:41:42,880 --> 00:41:46,000
Speaker 10: Also metals in general. I actually think we're moving.

827
00:41:45,760 --> 00:41:50,040
Speaker 9: To an economy in which atoms are going to matter

828
00:41:50,239 --> 00:41:54,640
Speaker 9: a lot more than pixels. That you know, your ability

829
00:41:54,719 --> 00:41:57,360
Speaker 9: to get copper is going to be really important in

830
00:41:57,400 --> 00:42:01,440
Speaker 9: the future. Gold actually has a lot of technology uses.

831
00:42:01,880 --> 00:42:05,400
Speaker 9: So gold is no longer just either like jewelry or investment. No,

832
00:42:05,520 --> 00:42:08,920
Speaker 9: it's had uses, but they're the uses are coming up.

833
00:42:09,200 --> 00:42:09,879
Speaker 10: Things like.

834
00:42:12,080 --> 00:42:17,200
Speaker 9: Obviously the ability to get any we're saying this now right,

835
00:42:17,239 --> 00:42:20,160
Speaker 9: getting your hands on oil, getting your hands on the

836
00:42:20,280 --> 00:42:24,200
Speaker 9: ingredients for fertilizer, getting your hair on rare earth minerals,

837
00:42:24,960 --> 00:42:28,760
Speaker 9: all of that investing in well, you know, atoms.

838
00:42:28,880 --> 00:42:31,560
Speaker 1: So you're telling me, so you're telling me things you

839
00:42:31,560 --> 00:42:33,960
Speaker 1: could touch with your hands are better than like a

840
00:42:34,040 --> 00:42:36,720
Speaker 1: bored ape or which is for those of the audience,

841
00:42:37,239 --> 00:42:39,680
Speaker 1: those are those pictures of apes. You know, you dressed

842
00:42:39,760 --> 00:42:42,160
Speaker 1: up and like a basketball outfit or something that we

843
00:42:42,560 --> 00:42:44,279
Speaker 1: had a bunch of value five years ago and are

844
00:42:44,320 --> 00:42:45,200
Speaker 1: worth nothing now.

845
00:42:46,120 --> 00:42:49,200
Speaker 10: Right, No more, no more board apes.

846
00:42:49,239 --> 00:42:52,800
Speaker 9: I will say, if you do buy a friend of mine,

847
00:42:52,840 --> 00:42:56,200
Speaker 9: Tracy Alloway once tried to buy a barrel of oil.

848
00:42:56,360 --> 00:42:58,359
Speaker 2: Personally, that's pretty cool.

849
00:42:59,160 --> 00:43:00,920
Speaker 10: You really shouldn't try to do that.

850
00:43:01,320 --> 00:43:04,640
Speaker 9: It turns out oil, like in its raw form, is

851
00:43:04,880 --> 00:43:08,200
Speaker 9: super toxic. Uh. And if you try to do it,

852
00:43:08,280 --> 00:43:12,120
Speaker 9: you you'll you'll find first of all, the authorities will

853
00:43:12,160 --> 00:43:13,440
Speaker 9: wonder why you're trying to bring a.

854
00:43:13,440 --> 00:43:16,200
Speaker 10: Barrel of oil into your house. But second it's not

855
00:43:16,360 --> 00:43:17,319
Speaker 10: it's not a very safe thing.

856
00:43:17,440 --> 00:43:18,000
Speaker 2: But you can't.

857
00:43:18,000 --> 00:43:20,240
Speaker 9: But I do think that it makes sense for people

858
00:43:20,800 --> 00:43:24,680
Speaker 9: to think a little bit outside of you know, whether

859
00:43:24,719 --> 00:43:28,080
Speaker 9: you just own stocks or bonds, to think a little

860
00:43:28,120 --> 00:43:33,040
Speaker 9: broader about you know, do I have exposure to gold,

861
00:43:33,280 --> 00:43:36,120
Speaker 9: Do I have exposure to silver? Do I have exposure

862
00:43:36,160 --> 00:43:39,879
Speaker 9: to copper. Again, I think copper is going to be

863
00:43:40,280 --> 00:43:44,000
Speaker 9: really important going forward. If you just look at again,

864
00:43:44,120 --> 00:43:47,840
Speaker 9: like look at what's happening with AI. Now that sounds like,

865
00:43:47,840 --> 00:43:51,120
Speaker 9: oh well, I just said no pixels, right, look at

866
00:43:51,160 --> 00:43:52,279
Speaker 9: the physical play of it.

867
00:43:52,480 --> 00:43:56,680
Speaker 1: Right, what's the underlying technologies and what are they built by?

868
00:43:56,760 --> 00:43:59,920
Speaker 10: Yes, and what what do what do they need to run?

869
00:44:00,680 --> 00:44:04,879
Speaker 9: They need and they need electricity, a lot of electricity.

870
00:44:05,280 --> 00:44:09,440
Speaker 9: We don't have the capacity to supply the electricity.

871
00:44:09,080 --> 00:44:12,480
Speaker 10: Right now that AI is telling us it's going to need.

872
00:44:12,920 --> 00:44:15,080
Speaker 9: So that means there's going to be a huge demand

873
00:44:15,880 --> 00:44:20,239
Speaker 9: for the things that go to generate electricity, right, So

874
00:44:20,280 --> 00:44:25,520
Speaker 9: that's energy fossil fuels primarily, and then the things that

875
00:44:25,560 --> 00:44:30,120
Speaker 9: go to transmit energy electricity that's going to be copper.

876
00:44:31,280 --> 00:44:33,160
Speaker 2: I just feel like the fragility.

877
00:44:33,560 --> 00:44:35,359
Speaker 1: It just as I get a little bit older and

878
00:44:35,440 --> 00:44:38,600
Speaker 1: I just feel like anything we're fragile, we're vulnerable. It

879
00:44:38,719 --> 00:44:40,800
Speaker 1: just feels not good to me. And things that feel

880
00:44:41,239 --> 00:44:44,719
Speaker 1: you're not fragile where you have stability, You've got to

881
00:44:44,760 --> 00:44:48,080
Speaker 1: have that balance, and I think that that's that's pretty obvious.

882
00:44:48,400 --> 00:44:48,720
Speaker 2: Yeah.

883
00:44:49,000 --> 00:44:52,399
Speaker 9: One of the things I do like, look gold has

884
00:44:52,440 --> 00:44:54,160
Speaker 9: gone up and down in price, but it never.

885
00:44:54,040 --> 00:44:56,359
Speaker 10: Goes to zero, you know.

886
00:44:56,520 --> 00:45:00,760
Speaker 9: And so I ever, right like in thousand of years

887
00:45:00,760 --> 00:45:06,560
Speaker 9: in which people have been trading gold for objects for currency,

888
00:45:07,239 --> 00:45:09,680
Speaker 9: it doesn't go to zero. Sometimes it doesn't go up

889
00:45:09,680 --> 00:45:11,719
Speaker 9: a lot, but it's never going to zero. You can't

890
00:45:11,760 --> 00:45:14,480
Speaker 9: say the same thing about you know, and a stock

891
00:45:15,120 --> 00:45:16,600
Speaker 9: stock sometimes go to zero.

892
00:45:16,840 --> 00:45:19,040
Speaker 10: Definitely can't say the same thing about.

893
00:45:19,800 --> 00:45:24,080
Speaker 9: You know, a you know, the latest meme coin that's

894
00:45:24,120 --> 00:45:25,120
Speaker 9: trading that.

895
00:45:25,080 --> 00:45:29,240
Speaker 10: Can go to zero. So you know, there's a case.

896
00:45:29,440 --> 00:45:32,600
Speaker 9: One of the cases that I think is very persuasive

897
00:45:32,640 --> 00:45:37,000
Speaker 9: traditionally is gold can be part you know, it might

898
00:45:37,000 --> 00:45:40,319
Speaker 9: not be the thing that you're investigate to see the

899
00:45:40,360 --> 00:45:43,080
Speaker 9: biggest growth, but it is the thing that you can

900
00:45:43,160 --> 00:45:46,319
Speaker 9: buy and know that it's it didn't go it's not

901
00:45:46,320 --> 00:45:47,080
Speaker 9: going to go to zero.

902
00:45:47,360 --> 00:45:49,000
Speaker 1: Yeah, And then every once in a while just has

903
00:45:49,000 --> 00:45:50,640
Speaker 1: that surge and you feel like I'm so dumb not

904
00:45:50,719 --> 00:45:51,680
Speaker 1: to a lot more.

905
00:45:51,600 --> 00:45:52,759
Speaker 2: At the time. Which is it?

906
00:45:52,960 --> 00:45:54,759
Speaker 1: And that's a big factor with me is that I

907
00:45:54,880 --> 00:45:58,040
Speaker 1: you know, it's not my most mature characteristic, but my

908
00:45:58,160 --> 00:46:00,920
Speaker 1: deep desire to not feel stupid does drive a lot

909
00:46:00,960 --> 00:46:02,120
Speaker 1: of my decision making.

910
00:46:02,440 --> 00:46:03,600
Speaker 2: In some parts of my life.

911
00:46:03,719 --> 00:46:07,560
Speaker 1: So John back to oil for a minute, and I

912
00:46:07,560 --> 00:46:10,520
Speaker 1: feel like that there's some things that Trump could do

913
00:46:10,600 --> 00:46:13,640
Speaker 1: politically that might be not wise but might be helpful

914
00:46:13,640 --> 00:46:16,000
Speaker 1: people's pocketbooks. Are there any things that you feel like

915
00:46:16,080 --> 00:46:18,560
Speaker 1: could be a net political benefit. I've been saying to you,

916
00:46:18,719 --> 00:46:21,400
Speaker 1: and I think you've come around to this viewpoint that

917
00:46:21,480 --> 00:46:23,759
Speaker 1: if he's tapping strategic oil reserves, which by the way,

918
00:46:23,840 --> 00:46:25,400
Speaker 1: we did not top up, which I brought up my

919
00:46:25,440 --> 00:46:27,120
Speaker 1: opening to the show, which we should have topped that

920
00:46:27,200 --> 00:46:29,160
Speaker 1: up after Biden wasted a bunch of them.

921
00:46:29,239 --> 00:46:31,600
Speaker 2: It literally sent it to China. People don't remember this.

922
00:46:31,960 --> 00:46:34,880
Speaker 1: He actually sent our strategic reserves to China because his

923
00:46:34,960 --> 00:46:35,959
Speaker 1: poll numbers were bad.

924
00:46:36,320 --> 00:46:38,720
Speaker 2: True story, wrote all about it my book, Breaking Biden.

925
00:46:39,160 --> 00:46:41,000
Speaker 1: We didn't get him topped up in time, and so

926
00:46:41,360 --> 00:46:44,440
Speaker 1: I think Trump tapping them could be politically very risky

927
00:46:44,520 --> 00:46:46,279
Speaker 1: for him. It also sends a signal we could be

928
00:46:46,280 --> 00:46:49,120
Speaker 1: in arom for longer than people want. Do you see

929
00:46:49,120 --> 00:46:51,279
Speaker 1: anything that he can do or might be doing that

930
00:46:51,320 --> 00:46:53,800
Speaker 1: could be a net political benefit.

931
00:46:54,920 --> 00:46:55,200
Speaker 10: Yeah.

932
00:46:55,840 --> 00:47:01,080
Speaker 9: I think making sure that Pete Hegseth understands that clearing

933
00:47:01,200 --> 00:47:04,680
Speaker 9: the straight of her moves is has to be one

934
00:47:04,719 --> 00:47:09,840
Speaker 9: of our top military priorities. Look, keeping the sea ways

935
00:47:09,960 --> 00:47:13,240
Speaker 9: safe for trade is a traditional.

936
00:47:12,680 --> 00:47:14,120
Speaker 10: Job of the US.

937
00:47:14,239 --> 00:47:17,359
Speaker 9: Maybe we have been doing that for two hundred and

938
00:47:17,480 --> 00:47:21,239
Speaker 9: fifty years. This is you know, Thomas Jefferson sent the

939
00:47:21,320 --> 00:47:24,560
Speaker 9: Navy out to go fight the Barbary pirates. Right, we

940
00:47:24,800 --> 00:47:28,160
Speaker 9: need to be able to, you know, if we're going

941
00:47:28,200 --> 00:47:31,040
Speaker 9: to show the world that we can keep the world

942
00:47:31,120 --> 00:47:35,160
Speaker 9: safe and frankly that the US has the power that

943
00:47:35,239 --> 00:47:37,560
Speaker 9: we do, we need to be able to clear the

944
00:47:37,600 --> 00:47:39,560
Speaker 9: straight of her moves.

945
00:47:38,840 --> 00:47:42,480
Speaker 10: And that will I think that will actually.

946
00:47:42,120 --> 00:47:44,439
Speaker 9: Trigger what I was just talking about, where you will

947
00:47:44,480 --> 00:47:45,399
Speaker 9: get oil.

948
00:47:46,120 --> 00:47:48,439
Speaker 10: Remember that the other day one.

949
00:47:48,360 --> 00:47:51,080
Speaker 9: Of the Cabinets secretaries actually tweeted out and then they

950
00:47:51,080 --> 00:47:54,360
Speaker 9: had to delete it, but that the Navy had escorted

951
00:47:54,400 --> 00:47:56,320
Speaker 9: a boat through the strait of her moves.

952
00:47:56,360 --> 00:47:57,760
Speaker 10: That turned out not to have been true.

953
00:47:58,200 --> 00:48:02,680
Speaker 9: It was you know, somebody gave him bad information and

954
00:48:03,200 --> 00:48:04,839
Speaker 9: the White House had to say it wasn't true.

955
00:48:04,840 --> 00:48:05,920
Speaker 10: They had to delete the tweet.

956
00:48:06,440 --> 00:48:09,080
Speaker 9: But during the few minutes where that was out there,

957
00:48:09,920 --> 00:48:14,120
Speaker 9: oil tanked. It dropped like thirty percent in a matter

958
00:48:14,160 --> 00:48:18,760
Speaker 9: of minutes because people said, okay that you know, that's terrific.

959
00:48:18,880 --> 00:48:22,239
Speaker 9: We are now making it so oil can get out

960
00:48:22,239 --> 00:48:25,040
Speaker 9: of the Persian golf and to the rest of the world.

961
00:48:25,840 --> 00:48:27,160
Speaker 10: I think that's the number one.

962
00:48:27,040 --> 00:48:29,880
Speaker 9: Thing Trump has to do is make it clear that

963
00:48:29,920 --> 00:48:34,279
Speaker 9: we're not going to allow Iran to stop this from happening. Look,

964
00:48:34,280 --> 00:48:36,400
Speaker 9: they are high cliffs on the straight of Removes, it's

965
00:48:36,440 --> 00:48:37,080
Speaker 9: pretty narrow.

966
00:48:38,440 --> 00:48:41,160
Speaker 10: I don't want troops on the ground, but we have

967
00:48:41,280 --> 00:48:42,920
Speaker 10: some big bombs.

968
00:48:43,520 --> 00:48:47,200
Speaker 9: Right, we should drop a couple big bombs at the

969
00:48:47,320 --> 00:48:49,680
Speaker 9: edge of the straight of Removes and just let anybody

970
00:48:49,719 --> 00:48:52,520
Speaker 9: know if they're going to try to launch a missile

971
00:48:52,560 --> 00:48:56,120
Speaker 9: from there, they are going to meet Allah much quicker

972
00:48:56,160 --> 00:48:57,120
Speaker 9: than they had planned.

973
00:48:58,040 --> 00:48:59,880
Speaker 10: That this is going to be the end of.

974
00:49:02,280 --> 00:49:06,160
Speaker 9: Absolute priority that will bring down the price of oil.

975
00:49:07,360 --> 00:49:11,120
Speaker 9: And what I would say is, don't you know that

976
00:49:11,200 --> 00:49:12,759
Speaker 9: you just have to do it and he shouldn't tell

977
00:49:12,760 --> 00:49:12,960
Speaker 9: you know.

978
00:49:13,000 --> 00:49:14,399
Speaker 10: I'm not saying he should tell us how.

979
00:49:14,280 --> 00:49:16,920
Speaker 9: He's going to do it, right, Like, everybody's like, why

980
00:49:16,920 --> 00:49:17,839
Speaker 9: doesn't the president tell.

981
00:49:17,800 --> 00:49:18,160
Speaker 2: Us the plan?

982
00:49:18,640 --> 00:49:21,279
Speaker 1: That's really dumb, don't know and he's not going to

983
00:49:21,280 --> 00:49:24,120
Speaker 1: do it. John, let me fill in the audience. This

984
00:49:24,239 --> 00:49:27,400
Speaker 1: is the ANSWER's Wealth Smon nineteenth Annual. I'm Alex Marlow

985
00:49:27,520 --> 00:49:30,839
Speaker 1: it's streaming right now. AMA seventy dot info, AM five

986
00:49:30,960 --> 00:49:33,000
Speaker 1: ninety dot info. John Carney is my guest at the moment.

987
00:49:33,120 --> 00:49:35,840
Speaker 1: He and I work on the Breitbart Business Digest together

988
00:49:35,880 --> 00:49:39,080
Speaker 1: every day. He's an economic and finance editor at Brightbart News.

989
00:49:39,160 --> 00:49:42,399
Speaker 1: Johnning about thirty seconds left. Just give me your thoughts here.

990
00:49:42,600 --> 00:49:45,040
Speaker 1: Trump is resetting the global economy by getting people to

991
00:49:45,120 --> 00:49:47,600
Speaker 1: work together. If that was the nature of the Abraham Accords.

992
00:49:47,640 --> 00:49:50,000
Speaker 1: He's focused on the Middle East right now. Is this

993
00:49:50,080 --> 00:49:52,960
Speaker 1: the key to everlasting piece? Just getting people doing commerce,

994
00:49:53,000 --> 00:49:57,040
Speaker 1: doing business and less focused on political divisions and religious divisions.

995
00:49:58,040 --> 00:49:58,360
Speaker 10: Yeah.

996
00:49:58,400 --> 00:50:01,040
Speaker 9: Look, it's amazing. They said Trump was going to divide

997
00:50:01,040 --> 00:50:01,520
Speaker 9: people and.

998
00:50:01,480 --> 00:50:04,360
Speaker 10: Make us lose allies. Instead he's done the opposite. He

999
00:50:04,480 --> 00:50:05,640
Speaker 10: is brought together.

1000
00:50:05,880 --> 00:50:08,399
Speaker 9: We right now have Saudi Arabia and all of the

1001
00:50:08,440 --> 00:50:11,520
Speaker 9: other Persian golf countries and Israel working together.

1002
00:50:12,040 --> 00:50:14,319
Speaker 10: I never thought I would see that in my lifetime.

1003
00:50:14,920 --> 00:50:19,879
Speaker 9: That is a almost raculous achievement. By the way, the

1004
00:50:19,880 --> 00:50:23,279
Speaker 9: rest of the world also just unanimously agreed to do

1005
00:50:23,400 --> 00:50:26,120
Speaker 9: They to release strategic oil reserves.

1006
00:50:26,160 --> 00:50:28,560
Speaker 10: The international energy is Trump's world.

1007
00:50:28,680 --> 00:50:31,080
Speaker 1: We're on your side, we're living in it, and we're

1008
00:50:31,080 --> 00:50:34,000
Speaker 1: also analyzing it. Thank you, John Cardio, Alex Marlow. We'll

1009
00:50:34,000 --> 00:50:46,320
Speaker 1: be back with more right after this. I got aesteemed

1010
00:50:46,320 --> 00:50:50,520
Speaker 1: guest today, Darren Grubb. He's the spokesperson for Medicare Advantage

1011
00:50:50,600 --> 00:50:53,880
Speaker 1: Majority who gave you this copy. Spokesmen, spokes men, we

1012
00:50:54,080 --> 00:50:55,879
Speaker 1: like mg men and women here at the Marlow Show.

1013
00:50:56,360 --> 00:51:01,200
Speaker 1: Organization is dedicated to protecting and strengthening the Medicare Advantage program,

1014
00:51:01,280 --> 00:51:04,800
Speaker 1: and this affects thirty five million American seniors and people

1015
00:51:04,840 --> 00:51:08,600
Speaker 1: with disabilities, so it's more than half of the Medicare educated.

1016
00:51:08,920 --> 00:51:12,719
Speaker 1: I'm sorry Medicare eligible beneficiaries who depend on it.

1017
00:51:12,880 --> 00:51:14,720
Speaker 2: He's a veteran communicator.

1018
00:51:14,160 --> 00:51:15,920
Speaker 1: And has a lot of experience and a lot of

1019
00:51:15,960 --> 00:51:18,839
Speaker 1: diverse public policy issues in the nonprofit sector, etc.

1020
00:51:19,320 --> 00:51:21,200
Speaker 2: We're going to get into all that today, but the.

1021
00:51:21,160 --> 00:51:23,160
Speaker 1: Main thing where I want to start is I want

1022
00:51:23,160 --> 00:51:26,880
Speaker 1: to talk about Medicare Advantage Majority, what it does wide, exists,

1023
00:51:26,920 --> 00:51:29,080
Speaker 1: and how it could affect and help people that are

1024
00:51:29,120 --> 00:51:29,760
Speaker 1: in my audience.

1025
00:51:31,239 --> 00:51:33,000
Speaker 11: Yeah, Alex, had great to be with you, Thanks for

1026
00:51:33,280 --> 00:51:35,880
Speaker 11: having me on. We represent a coalition powered by hundreds

1027
00:51:35,920 --> 00:51:40,920
Speaker 11: of thousands of local advocates nationwide, including Medicare Advantage beneficiaries,

1028
00:51:40,960 --> 00:51:44,520
Speaker 11: but also caregivers and healthcare providers, community leaders, really the

1029
00:51:44,640 --> 00:51:48,560
Speaker 11: entire caregiving ecosystem that surrounds a senior on the Medicare

1030
00:51:48,600 --> 00:51:52,120
Speaker 11: advantage program, and our priorities help educate and empower seniors

1031
00:51:52,160 --> 00:51:56,000
Speaker 11: to understand how what happens in Washington, DC, you know,

1032
00:51:56,000 --> 00:52:00,279
Speaker 11: any nuances or tweaks or changes to public policy in

1033
00:52:00,320 --> 00:52:03,879
Speaker 11: Medicare advantage, how that impacts their their well being, their

1034
00:52:03,880 --> 00:52:05,920
Speaker 11: healthcare options, and their bottom line.

1035
00:52:07,360 --> 00:52:08,960
Speaker 1: And what's interesting about that to me is that it

1036
00:52:09,000 --> 00:52:10,759
Speaker 1: can be such a black hole just in terms of

1037
00:52:10,840 --> 00:52:13,840
Speaker 1: information and even someone you know, I'm in the information

1038
00:52:13,880 --> 00:52:16,000
Speaker 1: business twenty four to seven, assorting the stuff out seems

1039
00:52:16,040 --> 00:52:17,879
Speaker 1: like a real headache. And I imagine you can help

1040
00:52:17,920 --> 00:52:18,719
Speaker 1: a lot of people do that.

1041
00:52:20,120 --> 00:52:20,920
Speaker 5: That's exactly right.

1042
00:52:21,040 --> 00:52:23,440
Speaker 11: Yeah, you know, we've got we've got a great coalition

1043
00:52:23,440 --> 00:52:26,560
Speaker 11: of people who've really come together. They've found opportunities to

1044
00:52:26,560 --> 00:52:30,080
Speaker 11: make their voices heard around you know, recent conversations in Washington,

1045
00:52:30,320 --> 00:52:33,399
Speaker 11: whether it was you know, potential custom Medicare advantage during

1046
00:52:33,400 --> 00:52:36,239
Speaker 11: the discussion of the big beautiful bill. You know, they

1047
00:52:36,239 --> 00:52:38,439
Speaker 11: were very active now to the members of Congress showing

1048
00:52:38,480 --> 00:52:40,160
Speaker 11: up at town halls, making phone calls.

1049
00:52:40,920 --> 00:52:42,880
Speaker 5: You know, it's really important for seniors to be engaged.

1050
00:52:42,880 --> 00:52:44,359
Speaker 11: I think we're going to talk politics in a minute,

1051
00:52:44,360 --> 00:52:47,080
Speaker 11: but they are also a huge critical voting block, and

1052
00:52:47,400 --> 00:52:50,719
Speaker 11: they are they're well educated in the issues, and this

1053
00:52:50,760 --> 00:52:52,880
Speaker 11: is one that they are that they are you have

1054
00:52:52,920 --> 00:52:54,319
Speaker 11: the ability to move an election on.

1055
00:52:56,680 --> 00:52:58,640
Speaker 1: Yeah, so much in there I want to get into.

1056
00:52:58,800 --> 00:53:02,440
Speaker 1: But let's start with the CMAS. Centers for Medicare and

1057
00:53:02,520 --> 00:53:07,280
Speaker 1: Medicaid recently released an advanced rate notice for Medicare advantage

1058
00:53:07,440 --> 00:53:10,879
Speaker 1: for twenty twenty seven, and I want to hear what

1059
00:53:10,960 --> 00:53:14,400
Speaker 1: they released and how that relates to the cost and

1060
00:53:14,440 --> 00:53:16,480
Speaker 1: the growing rising cost of healthcare.

1061
00:53:17,239 --> 00:53:17,479
Speaker 10: Yeah.

1062
00:53:17,520 --> 00:53:19,680
Speaker 11: So every year, as you mentioned, every year, the beginning

1063
00:53:19,719 --> 00:53:22,720
Speaker 11: of every year, CMS puts out an advanced rate notice

1064
00:53:22,760 --> 00:53:26,080
Speaker 11: for the proposal of what the federal government will invest

1065
00:53:26,320 --> 00:53:29,279
Speaker 11: into Medicare advantage rates for the following year.

1066
00:53:29,280 --> 00:53:30,160
Speaker 5: And so for twenty.

1067
00:53:29,960 --> 00:53:32,680
Speaker 11: Twenty seven, this year, CMS came out with a nearly

1068
00:53:32,760 --> 00:53:36,480
Speaker 11: flat advanced rate notice of point zero nine percent increase

1069
00:53:37,160 --> 00:53:40,200
Speaker 11: in Medicare rates on what they will cover. And so meanwhile,

1070
00:53:40,400 --> 00:53:43,319
Speaker 11: as you know, health care spending is increasing left and

1071
00:53:43,440 --> 00:53:45,640
Speaker 11: right for the last two years. Each year of the

1072
00:53:45,719 --> 00:53:48,280
Speaker 11: last two years, it has increased by more than seven percent.

1073
00:53:48,320 --> 00:53:51,760
Speaker 11: And so you know, a a increase in the Medicare

1074
00:53:51,760 --> 00:53:53,759
Speaker 11: advantage payment rates of less than one tenth of one

1075
00:53:53,800 --> 00:53:58,200
Speaker 11: percent with seven percent health care costs spending increasing every year,

1076
00:53:58,560 --> 00:54:00,759
Speaker 11: that's a big delta. And so the result is going

1077
00:54:00,800 --> 00:54:02,480
Speaker 11: to be seniors going to have higher out of pocket costs.

1078
00:54:02,480 --> 00:54:05,120
Speaker 11: They're going to have higher deductibles, higher premiums, and less

1079
00:54:05,120 --> 00:54:07,480
Speaker 11: access to the doctors and services that they need. And

1080
00:54:07,520 --> 00:54:10,560
Speaker 11: so you know, any funding cut to this program, and

1081
00:54:10,600 --> 00:54:13,960
Speaker 11: this would certainly calculate US one will hit seniors in

1082
00:54:14,239 --> 00:54:15,000
Speaker 11: their pocketbooks.

1083
00:54:16,160 --> 00:54:19,000
Speaker 1: So I want to see does this rate change, How

1084
00:54:19,000 --> 00:54:21,759
Speaker 1: does that affect healthcare costs from your vantage point? And

1085
00:54:22,000 --> 00:54:25,080
Speaker 1: more general cost of living for normal Americans?

1086
00:54:26,000 --> 00:54:26,920
Speaker 2: Is all that changing?

1087
00:54:28,360 --> 00:54:29,000
Speaker 10: It is changing?

1088
00:54:29,040 --> 00:54:31,719
Speaker 11: And look, you know, I think there's an emerging of

1089
00:54:31,880 --> 00:54:35,680
Speaker 11: issues here. We commissioned to pull recently by Republican pollster

1090
00:54:35,800 --> 00:54:38,680
Speaker 11: Kristen Sultus Anderson of senior likely voters, and ninety one

1091
00:54:38,719 --> 00:54:42,120
Speaker 11: percent of them agreed that cuts to Medicare advantage is

1092
00:54:42,120 --> 00:54:44,480
Speaker 11: not only a healthcare issue, it's a cost of living issue.

1093
00:54:44,640 --> 00:54:46,360
Speaker 11: And you know this is going to be an election

1094
00:54:46,440 --> 00:54:48,840
Speaker 11: where affordability is on the ballot, and it's going to

1095
00:54:48,840 --> 00:54:50,160
Speaker 11: be an issue whether we want to talk about it

1096
00:54:50,280 --> 00:54:53,000
Speaker 11: or not. Seniors are really paying attention. You know, sixty

1097
00:54:53,040 --> 00:54:56,880
Speaker 11: nine percent believe now that that cuts the Medicare advantage

1098
00:54:56,920 --> 00:55:00,960
Speaker 11: will hurt their benefits that they rely on. Hearing coverage,

1099
00:55:01,040 --> 00:55:04,520
Speaker 11: dental vision, in home care, wellness programs, things that are

1100
00:55:04,520 --> 00:55:05,560
Speaker 11: bundled in as part of.

1101
00:55:05,520 --> 00:55:06,920
Speaker 5: The Medicare advantage program.

1102
00:55:07,080 --> 00:55:09,360
Speaker 11: You know, if those go away, seniors are going to

1103
00:55:09,400 --> 00:55:12,240
Speaker 11: have a difficult time getting the care and the medical

1104
00:55:12,239 --> 00:55:13,600
Speaker 11: attention that they need when they need it.

1105
00:55:14,800 --> 00:55:18,320
Speaker 1: So it looks like the advance rate is fraction nunder percent,

1106
00:55:18,560 --> 00:55:21,720
Speaker 1: but we're seeing over seven percent year to year jump

1107
00:55:21,719 --> 00:55:24,000
Speaker 1: in healthcare costs. That doesn't seem like it's going to

1108
00:55:24,000 --> 00:55:27,520
Speaker 1: slow down anytime soon. So what do people need to do?

1109
00:55:27,560 --> 00:55:29,319
Speaker 1: What a seniors in particular need to do to make

1110
00:55:29,360 --> 00:55:31,319
Speaker 1: sure to People on a fixed cost of living are

1111
00:55:31,360 --> 00:55:34,080
Speaker 1: the people who I'm most concerned with here, How do

1112
00:55:34,080 --> 00:55:34,680
Speaker 1: they keep up?

1113
00:55:35,600 --> 00:55:37,520
Speaker 11: Yeah, exactly right, it looked at you know, cuts to

1114
00:55:37,600 --> 00:55:41,640
Speaker 11: this program will disproportionately affect our most vulnerable seniors, those

1115
00:55:41,680 --> 00:55:44,759
Speaker 11: with multiple chronic conditions, those who are veterans, those who

1116
00:55:44,800 --> 00:55:46,880
Speaker 11: live on a fixed income, those who live in a

1117
00:55:46,920 --> 00:55:49,319
Speaker 11: rule and remote communities where access to healthcare isn't always

1118
00:55:49,320 --> 00:55:52,920
Speaker 11: convenient or were possible. And so you know, we are

1119
00:55:52,960 --> 00:55:55,319
Speaker 11: making it possible and easy for seniors to make their

1120
00:55:55,400 --> 00:55:57,759
Speaker 11: voices heard with their members of Congress with the administration.

1121
00:55:58,120 --> 00:55:59,680
Speaker 11: You can go to our website and click a button

1122
00:55:59,719 --> 00:56:03,640
Speaker 11: and a tailored message to your representative to say to

1123
00:56:03,760 --> 00:56:06,600
Speaker 11: encourage them to reach out to CMS and say that

1124
00:56:06,800 --> 00:56:09,440
Speaker 11: the proposed rate increase does not meet the realities of

1125
00:56:09,480 --> 00:56:11,200
Speaker 11: their day to day life, which is that healthcare costs

1126
00:56:11,200 --> 00:56:14,080
Speaker 11: are expending. The price of everything is more expensive right now,

1127
00:56:14,400 --> 00:56:17,560
Speaker 11: and healthcare costs are something that seniors factor into how

1128
00:56:17,600 --> 00:56:19,880
Speaker 11: they plan out their budgets for the coming year. You know, Alex,

1129
00:56:20,000 --> 00:56:22,600
Speaker 11: most seniors on the Medicare Advantage program have incomes of

1130
00:56:22,680 --> 00:56:24,960
Speaker 11: less than twenty five thousand dollars a year, and so

1131
00:56:25,040 --> 00:56:28,440
Speaker 11: this is real money that would be you know, out

1132
00:56:28,480 --> 00:56:30,680
Speaker 11: of their pockets and billions of costs passed on to them.

1133
00:56:31,160 --> 00:56:32,920
Speaker 11: And so you know, we want to encourage CMS to

1134
00:56:33,520 --> 00:56:35,960
Speaker 11: match the rate with the reality that seniors face every day.

1135
00:56:36,680 --> 00:56:40,600
Speaker 1: So if you're someone who needs to learns information, let's

1136
00:56:40,600 --> 00:56:42,480
Speaker 1: give out that website now. And also I want to

1137
00:56:42,520 --> 00:56:44,120
Speaker 1: tell people that you might have someone in your life.

1138
00:56:44,120 --> 00:56:47,520
Speaker 1: I might of a parent, grandparent, even onor and uncle

1139
00:56:47,600 --> 00:56:48,880
Speaker 1: who really needs this information.

1140
00:56:49,080 --> 00:56:49,680
Speaker 2: Where do they go?

1141
00:56:50,880 --> 00:56:53,080
Speaker 11: They go to our web page, which is Medicare Advantage

1142
00:56:53,120 --> 00:56:55,800
Speaker 11: Majority dot org to learn more about the issue, to

1143
00:56:55,840 --> 00:56:58,120
Speaker 11: learn more about our organization, to get involved, and again

1144
00:56:58,160 --> 00:57:01,080
Speaker 11: to click a button send a letter to your representative

1145
00:57:01,080 --> 00:57:02,359
Speaker 11: to make your voices heard.

1146
00:57:02,880 --> 00:57:04,319
Speaker 5: And you actually made a great point.

1147
00:57:05,280 --> 00:57:07,520
Speaker 2: Yeah, please please be live. Don't no, no, please please.

1148
00:57:08,400 --> 00:57:09,640
Speaker 5: I was going to say, you know, you made an

1149
00:57:09,640 --> 00:57:10,160
Speaker 5: interesting point.

1150
00:57:10,239 --> 00:57:13,040
Speaker 11: Yeah, you know, this is an organization we focus again

1151
00:57:13,120 --> 00:57:15,400
Speaker 11: not only on the beneficiary but also the caregivers. And

1152
00:57:15,440 --> 00:57:17,920
Speaker 11: so you know, I'm a guy in my early fifties

1153
00:57:17,920 --> 00:57:20,400
Speaker 11: and a member of the Sandwich generation. So you know,

1154
00:57:20,440 --> 00:57:21,960
Speaker 11: my wife and I have two young kids that we

1155
00:57:22,000 --> 00:57:24,440
Speaker 11: also have aging parents and aging family members who need

1156
00:57:24,440 --> 00:57:25,880
Speaker 11: more care than they did even a few years ago,

1157
00:57:25,920 --> 00:57:26,959
Speaker 11: and we're becoming more and more.

1158
00:57:26,880 --> 00:57:29,840
Speaker 5: Responsible for their care as their caregivers.

1159
00:57:29,840 --> 00:57:32,600
Speaker 11: And so this is an issue that impacts not only

1160
00:57:32,640 --> 00:57:34,920
Speaker 11: the seniors we're talking about, but it's got a multiplier

1161
00:57:34,920 --> 00:57:37,400
Speaker 11: effect with all the caregivers and healthcare providers and community

1162
00:57:37,480 --> 00:57:40,760
Speaker 11: leaders who want to surround seniors with you know, a

1163
00:57:40,800 --> 00:57:42,960
Speaker 11: system and network of support that they need and deserve

1164
00:57:43,040 --> 00:57:44,400
Speaker 11: quite frankly in their golden years.

1165
00:57:45,600 --> 00:57:47,520
Speaker 1: I'd like you to say you deserve, because that is true.

1166
00:57:47,800 --> 00:57:50,120
Speaker 1: We want to I always talk about life on my show.

1167
00:57:50,160 --> 00:57:51,720
Speaker 1: We're talking about how we want a culture of life

1168
00:57:51,720 --> 00:57:54,600
Speaker 1: and this means dignity for our older people. And just

1169
00:57:54,600 --> 00:57:58,080
Speaker 1: the math here is not mathing. If it's the benefits

1170
00:57:58,080 --> 00:57:59,560
Speaker 1: are going up a fraction of a percent and the

1171
00:57:59,600 --> 00:58:02,000
Speaker 1: cost or one up seven percent, it just doesn't work.

1172
00:58:02,040 --> 00:58:04,000
Speaker 1: So we need to be able to figure this out.

1173
00:58:04,320 --> 00:58:06,720
Speaker 1: So what do you hearing. Are you hearing from seniors

1174
00:58:06,760 --> 00:58:08,840
Speaker 1: at this point or is your concern that's growing?

1175
00:58:10,400 --> 00:58:13,040
Speaker 11: You know, there is, there's definitely concern that's growing. Sixty

1176
00:58:13,080 --> 00:58:15,880
Speaker 11: three percent, I believe are concerned that it's left unchanged.

1177
00:58:15,920 --> 00:58:18,720
Speaker 11: You know, the twenty twenty seven advantage rate would negatively

1178
00:58:18,760 --> 00:58:22,040
Speaker 11: impact the seniors that are enrolled in this program. They mean,

1179
00:58:22,200 --> 00:58:25,640
Speaker 11: you know, higher costs again, higher premiums, higher deductibles, less

1180
00:58:25,640 --> 00:58:28,360
Speaker 11: access to the doctors and services that they need, less

1181
00:58:28,560 --> 00:58:31,640
Speaker 11: less competition within the system, which is one of the

1182
00:58:31,640 --> 00:58:34,919
Speaker 11: reasons the Medicare advantage system was set up to begin

1183
00:58:34,960 --> 00:58:39,040
Speaker 11: with provide that that private market, the enterprise competition that

1184
00:58:39,360 --> 00:58:42,120
Speaker 11: has made this country great. And so you know, the

1185
00:58:42,120 --> 00:58:44,680
Speaker 11: other important thing in the political reality I think is

1186
00:58:44,720 --> 00:58:47,640
Speaker 11: that fifty five percent of seniors that we've pulled would

1187
00:58:47,640 --> 00:58:50,200
Speaker 11: blame members of Congress if they lost their benefits and

1188
00:58:50,240 --> 00:58:54,440
Speaker 11: lost their plan options. Seniors are very, very empowered on

1189
00:58:54,520 --> 00:58:57,640
Speaker 11: this issue, and they are going to support candidates we

1190
00:58:57,680 --> 00:59:00,880
Speaker 11: believe in this midterm election who supports nthening and protecting

1191
00:59:01,000 --> 00:59:01,840
Speaker 11: Medicare advantage.

1192
00:59:02,880 --> 00:59:05,640
Speaker 1: Okay, so one thing that I think is important to consider,

1193
00:59:05,680 --> 00:59:08,960
Speaker 1: particularly for my audience, that is this effects everyone in

1194
00:59:09,000 --> 00:59:11,200
Speaker 1: the audience. It's the if you've someone older in your life,

1195
00:59:11,680 --> 00:59:14,080
Speaker 1: listen extra carefully. If you are an older person, listen

1196
00:59:14,120 --> 00:59:16,760
Speaker 1: extra carefully. But everyone can pay attention to the political

1197
00:59:16,840 --> 00:59:21,000
Speaker 1: ramifications of this because this is a crucial voting block

1198
00:59:21,120 --> 00:59:23,040
Speaker 1: for people that support the rest of the issues that

1199
00:59:23,080 --> 00:59:24,800
Speaker 1: I'm presenting on the show.

1200
00:59:24,720 --> 00:59:25,320
Speaker 2: Day to day.

1201
00:59:25,520 --> 00:59:29,680
Speaker 1: And really it is politically very risky if we don't

1202
00:59:29,720 --> 00:59:30,240
Speaker 1: change this thing.

1203
00:59:30,240 --> 00:59:32,640
Speaker 2: It seems like that's exactly right.

1204
00:59:32,640 --> 00:59:34,800
Speaker 11: And look President Trump campaign in twenty twenty four and

1205
00:59:34,840 --> 00:59:37,640
Speaker 11: standing up for seniors, he repeated that pledge and made

1206
00:59:37,640 --> 00:59:40,320
Speaker 11: it clear that is still something very important to him

1207
00:59:40,320 --> 00:59:41,960
Speaker 11: and the state at the Union a few weeks ago.

1208
00:59:42,400 --> 00:59:44,600
Speaker 11: To your point, in twenty twenty four, nearly forty million

1209
00:59:44,960 --> 00:59:48,480
Speaker 11: seniors voted in the twenty twenty four presidential election. It

1210
00:59:48,480 --> 00:59:51,480
Speaker 11: was the highest turnout of any age group, any demographic.

1211
00:59:51,520 --> 00:59:53,600
Speaker 11: They were one of the most reliable voting blocks, as

1212
00:59:53,600 --> 00:59:56,400
Speaker 11: you say, And so you know, the president just knows this,

1213
00:59:56,480 --> 00:59:56,720
Speaker 11: and so.

1214
00:59:56,720 --> 00:59:57,320
Speaker 5: Does his team.

1215
00:59:57,880 --> 01:00:00,320
Speaker 11: His own poster Tony for Brits so recently came Mountain

1216
01:00:00,360 --> 01:00:03,200
Speaker 11: did a poll for an affiliate organization of ours called

1217
01:00:03,200 --> 01:00:07,760
Speaker 11: Better Medicare Alliance, and he found that supporting funding cuts

1218
01:00:07,760 --> 01:00:10,480
Speaker 11: to Medicare advantage drove a fourteen point net loss for

1219
01:00:10,480 --> 01:00:13,160
Speaker 11: a GOP candidate. Meanwhile, on the other hand, that they

1220
01:00:13,200 --> 01:00:16,960
Speaker 11: support Medicare advantage, it improved their standings with the senior voters.

1221
01:00:16,960 --> 01:00:20,560
Speaker 11: And so you know, Fabrazio is called this group the deciders.

1222
01:00:20,640 --> 01:00:22,880
Speaker 11: They have the ability to move an election. This is

1223
01:00:22,920 --> 01:00:26,200
Speaker 11: an issue where seniors are again very vocal, very empowered,

1224
01:00:26,200 --> 01:00:29,320
Speaker 11: and they are likely going to support members of Congress

1225
01:00:29,320 --> 01:00:31,600
Speaker 11: who support and want to protect this program.

1226
01:00:32,960 --> 01:00:36,439
Speaker 1: So give me sort of a short, medium and long

1227
01:00:36,560 --> 01:00:40,760
Speaker 1: term goals here, what essentially is most important to accomplish

1228
01:00:40,760 --> 01:00:44,640
Speaker 1: immediately for the group that you represent, and what are

1229
01:00:44,640 --> 01:00:47,720
Speaker 1: you really eyeing for sort of medium, longer term to

1230
01:00:47,760 --> 01:00:49,480
Speaker 1: start getting ahead of some of these issues, because I

1231
01:00:49,480 --> 01:00:51,240
Speaker 1: do you feel like we led some of these issues

1232
01:00:51,240 --> 01:00:53,200
Speaker 1: where we were at the risk of alienating millions of

1233
01:00:53,240 --> 01:00:55,200
Speaker 1: voters here and it's like a last minute deal, which

1234
01:00:55,200 --> 01:00:56,120
Speaker 1: is very concerning to me.

1235
01:00:57,040 --> 01:00:59,560
Speaker 11: Yeah, a great point. And so our immediate concern is

1236
01:00:59,560 --> 01:01:03,560
Speaker 11: this advanced rate note. So CMS will accept public input

1237
01:01:04,040 --> 01:01:07,480
Speaker 11: public comments until the end of March, so a few

1238
01:01:07,480 --> 01:01:09,680
Speaker 11: more weeks, and then they will determine the final rate

1239
01:01:09,720 --> 01:01:11,760
Speaker 11: notice in the first week or so of April. And

1240
01:01:11,800 --> 01:01:15,600
Speaker 11: so again we are mobilizing and deploying our coalition of

1241
01:01:15,680 --> 01:01:19,000
Speaker 11: leaders and seniors around the country to reach out to

1242
01:01:19,120 --> 01:01:23,760
Speaker 11: their congress person, to reach out to the administration, and

1243
01:01:23,840 --> 01:01:26,920
Speaker 11: to encourage CMS again to make sure that this rate

1244
01:01:26,960 --> 01:01:29,280
Speaker 11: matches the reality of their daily lives, which is costs

1245
01:01:29,280 --> 01:01:32,120
Speaker 11: are going up. You know, their healthcare is something they

1246
01:01:32,120 --> 01:01:35,400
Speaker 11: depend on, They're living on fixed incomes. This is not

1247
01:01:35,480 --> 01:01:36,880
Speaker 11: something to toy around with.

1248
01:01:38,120 --> 01:01:40,720
Speaker 1: Yeah, exactly, all right, So giving the call to action,

1249
01:01:41,320 --> 01:01:43,760
Speaker 1: what should people do to get involved and what are

1250
01:01:43,760 --> 01:01:46,240
Speaker 1: we recommending who do you want to see get involved in?

1251
01:01:46,280 --> 01:01:48,120
Speaker 2: What should they be doing again.

1252
01:01:48,160 --> 01:01:50,480
Speaker 5: You know, we represent everybody. We represent the seniors.

1253
01:01:50,160 --> 01:01:53,720
Speaker 11: Their caregivers, community leaders, family members, everyone who has a

1254
01:01:53,800 --> 01:01:56,800
Speaker 11: role to play in the golden years of a senior.

1255
01:01:56,840 --> 01:01:59,160
Speaker 11: And so again, you can go to our website Medicare

1256
01:01:59,160 --> 01:02:03,000
Speaker 11: Advantage Majority to learn more about our organization, to fill

1257
01:02:03,000 --> 01:02:04,840
Speaker 11: out a form, to send a note to your Member

1258
01:02:04,880 --> 01:02:07,800
Speaker 11: of Congress, and to encourage the administration to make sure

1259
01:02:07,800 --> 01:02:11,000
Speaker 11: that they are coming through with their pledge to stand

1260
01:02:11,080 --> 01:02:13,600
Speaker 11: up and protect this vital program to thirty five million

1261
01:02:13,640 --> 01:02:14,600
Speaker 11: seniors around the country.

1262
01:02:15,480 --> 01:02:18,640
Speaker 1: So dear and grab Medicare Advantage Majority is the group again,

1263
01:02:18,720 --> 01:02:20,760
Speaker 1: give us a website, phone numbers, anywhere we need to

1264
01:02:20,800 --> 01:02:21,919
Speaker 1: go to get involved right now.

1265
01:02:22,880 --> 01:02:23,280
Speaker 10: You got it.

1266
01:02:23,360 --> 01:02:25,439
Speaker 5: Medicare Advantage Majority dot org.

1267
01:02:26,200 --> 01:02:29,520
Speaker 1: Medicare Advantage Majority dot org. Is that simple one more

1268
01:02:29,520 --> 01:02:33,080
Speaker 1: fighting for guys. That's my recommendation. Thanks Darin for being here.

1269
01:02:33,080 --> 01:02:33,720
Speaker 1: I appreciate you.

1270
01:02:34,280 --> 01:02:34,960
Speaker 5: Great to see man.

1271
01:02:34,960 --> 01:02:42,600
Speaker 11: Thank you for having me on My pleasure