1 00:00:00,360 --> 00:00:02,680 Speaker 1: If you haven't already seen it, you should check out 2 00:00:02,720 --> 00:00:05,400 Speaker 1: a movie called Lady Ballers on the Daily Wire. 3 00:00:07,440 --> 00:00:09,800 Speaker 2: No, I haven't seen it. I don't. 4 00:00:09,960 --> 00:00:12,080 Speaker 3: I don't subscribe to the Daily Wire, so I guess 5 00:00:12,080 --> 00:00:14,600 Speaker 3: I don't. Yeah, I think you haven't seen it either. 6 00:00:14,800 --> 00:00:18,000 Speaker 2: That is correct. I have no idea. You think it's porn? 7 00:00:19,280 --> 00:00:19,400 Speaker 3: Uh? 8 00:00:19,560 --> 00:00:24,120 Speaker 2: Knowing that talkbacker? Maybe? Oh you know that talkbacker. I was. 9 00:00:24,320 --> 00:00:27,320 Speaker 3: I really wasn't the regular I was only half asked listening. 10 00:00:27,320 --> 00:00:33,959 Speaker 3: So I sincerely and deeply regret my inattention to the talkback. 11 00:00:34,479 --> 00:00:37,199 Speaker 4: Wow, you barely have anything to do during your on 12 00:00:37,320 --> 00:00:39,280 Speaker 4: air shift and you're just not even gonna listen to 13 00:00:39,320 --> 00:00:40,000 Speaker 4: the talkbacks. 14 00:00:40,280 --> 00:00:40,440 Speaker 2: No. 15 00:00:40,520 --> 00:00:48,040 Speaker 3: I actually our conversation earlier about an individual is yeah, 16 00:00:48,240 --> 00:00:49,560 Speaker 3: is roaming around out there? 17 00:00:49,720 --> 00:00:49,960 Speaker 2: Uh oh? 18 00:00:50,360 --> 00:00:53,560 Speaker 3: And I was thinking about should I go ask the question? 19 00:00:55,320 --> 00:00:58,040 Speaker 2: You know what the answer is gonna be, Why would you? 20 00:00:58,360 --> 00:01:00,960 Speaker 3: Because I'm just that passive A because I just want 21 00:01:00,960 --> 00:01:02,520 Speaker 3: to remind somebody that you said you were going to 22 00:01:02,560 --> 00:01:04,520 Speaker 3: do something and you haven't done it yet. And I'm 23 00:01:04,600 --> 00:01:07,479 Speaker 3: just enough of a jerk butt that I kind of. 24 00:01:07,400 --> 00:01:11,160 Speaker 4: Want to give it another six months to be fine. 25 00:01:11,440 --> 00:01:13,560 Speaker 3: I like to make you use your ages. You're like, 26 00:01:13,800 --> 00:01:15,560 Speaker 3: You're like you're telling me. You're trying to tell me this, 27 00:01:15,880 --> 00:01:18,480 Speaker 3: Like it's either sit down and shut up or calm 28 00:01:18,560 --> 00:01:20,679 Speaker 3: down and relax. I'm not sure which one it is. 29 00:01:20,760 --> 00:01:21,600 Speaker 2: How long you been here? 30 00:01:22,600 --> 00:01:28,759 Speaker 4: I'm in my twentieth year? Okay, well make sure should 31 00:01:28,760 --> 00:01:31,520 Speaker 4: I bust out the you must be new here? 32 00:01:31,520 --> 00:01:33,479 Speaker 2: That's right, really, you must be new here. 33 00:01:34,560 --> 00:01:38,080 Speaker 4: Oh uh, it's not like we got bathrooms we need 34 00:01:38,120 --> 00:01:39,080 Speaker 4: to take care of around here. 35 00:01:39,200 --> 00:01:42,680 Speaker 2: You know what I did today? I don't know what. 36 00:01:42,920 --> 00:01:44,800 Speaker 3: I guess because I was thinking about what you and 37 00:01:44,800 --> 00:01:46,920 Speaker 3: I were talking about, and I walked into the men's 38 00:01:46,959 --> 00:01:50,720 Speaker 3: room and I just instinctively go to that far urinal. 39 00:01:51,120 --> 00:01:52,960 Speaker 2: It's been like four months, I know. 40 00:01:53,560 --> 00:01:56,920 Speaker 3: I'm like, holy cow, is my mind occupy preoccupied? 41 00:01:57,040 --> 00:01:57,720 Speaker 2: Or wow? 42 00:01:58,760 --> 00:02:00,400 Speaker 3: So I've got to be I gotta get a sign 43 00:02:00,440 --> 00:02:02,760 Speaker 3: put up, I gotta get but I need it. I 44 00:02:02,800 --> 00:02:06,960 Speaker 3: need a more uh, I need a more direct, smart 45 00:02:07,000 --> 00:02:12,320 Speaker 3: ass sign. See how long it will last? Or maybe 46 00:02:12,360 --> 00:02:14,520 Speaker 3: I could, I could, I can file a complaint. You know, 47 00:02:15,040 --> 00:02:15,839 Speaker 3: there's gotta be something. 48 00:02:15,840 --> 00:02:18,520 Speaker 2: Did you put it in a trouble ticket? I don't think. 49 00:02:18,560 --> 00:02:19,480 Speaker 2: I don't think it's high heart. 50 00:02:20,639 --> 00:02:24,320 Speaker 4: Yeah, but there's a maintenance section in the trouble tickets. 51 00:02:24,040 --> 00:02:26,000 Speaker 3: But I think that's for the studios because I don't 52 00:02:26,040 --> 00:02:28,800 Speaker 3: think I don't think building management has anything to do 53 00:02:28,880 --> 00:02:29,480 Speaker 3: with with that. 54 00:02:29,720 --> 00:02:33,359 Speaker 2: I can do some stuff that's part of the well 55 00:02:33,440 --> 00:02:36,360 Speaker 2: you can. I didn't know that, huh, I was? 56 00:02:36,639 --> 00:02:36,840 Speaker 3: I was. 57 00:02:36,919 --> 00:02:38,040 Speaker 2: I was thinking more along. 58 00:02:37,880 --> 00:02:40,320 Speaker 3: In the lines of making a filing an anonymous complaint 59 00:02:40,320 --> 00:02:43,240 Speaker 3: with some consumer protection group, you know, at state at 60 00:02:43,280 --> 00:02:47,160 Speaker 3: state level, about how this is uninhabitable because you know, 61 00:02:47,200 --> 00:02:50,040 Speaker 3: you don't like you have to have a certain number 62 00:02:50,040 --> 00:02:54,079 Speaker 3: of parking spots for a certain number of employees. But 63 00:02:54,120 --> 00:02:57,840 Speaker 3: do you mean not anymore change that they got rid 64 00:02:57,880 --> 00:03:00,639 Speaker 3: of it all. You're right, I can't even use it, 65 00:03:00,639 --> 00:03:04,480 Speaker 3: because I was thinking there's surely a or surely a 66 00:03:04,880 --> 00:03:08,280 Speaker 3: number of stalls and urinals, you know, based on the 67 00:03:08,360 --> 00:03:12,040 Speaker 3: number of employees or on each floor. 68 00:03:12,080 --> 00:03:14,960 Speaker 2: The number of employees keeps dwindling, so it's. 69 00:03:14,560 --> 00:03:17,200 Speaker 3: Right, pretty pretty soon it'll just be bring your own 70 00:03:17,200 --> 00:03:23,280 Speaker 3: coffee can. Just bring your own coffee can, which is 71 00:03:23,360 --> 00:03:25,280 Speaker 3: kind of what's happening out in California. When you think 72 00:03:25,280 --> 00:03:29,680 Speaker 3: about it, we know that this is shocking news. So 73 00:03:29,680 --> 00:03:35,080 Speaker 3: I'm going to ease into this California Governor Gavin Newsom 74 00:03:36,360 --> 00:03:41,560 Speaker 3: wants to be president. Did you know that dragon? Catch 75 00:03:41,600 --> 00:03:47,120 Speaker 3: your breath, Catch your breath. There was a hearing last 76 00:03:47,160 --> 00:03:51,040 Speaker 3: week in federal court in San Francisco about the legality 77 00:03:51,080 --> 00:04:00,600 Speaker 3: of California's sweeping, gigantic, ginormous primate reporting rules. And when 78 00:04:00,600 --> 00:04:03,800 Speaker 3: you look at those rules, it really offers you a 79 00:04:03,840 --> 00:04:08,360 Speaker 3: glimpse into the regulatory tsunami on the horizon that's going 80 00:04:08,440 --> 00:04:12,200 Speaker 3: to face all of us if Gavin Newsom, ever, succeeds 81 00:04:12,200 --> 00:04:18,360 Speaker 3: in taking that California blueprint. National Newslim signed into law 82 00:04:18,480 --> 00:04:22,919 Speaker 3: these which can only be described as landmark reporting requirements 83 00:04:24,160 --> 00:04:29,960 Speaker 3: after praising them, he you know, you put together this gigantic, fascistic, 84 00:04:30,360 --> 00:04:34,760 Speaker 3: Marxist kind of regulatory scheme and then you praise them 85 00:04:34,880 --> 00:04:38,520 Speaker 3: as being Oh, it's it's an example of our cutting 86 00:04:38,720 --> 00:04:43,200 Speaker 3: edge policies. What it really does is it's trying to impose, 87 00:04:43,600 --> 00:04:49,280 Speaker 3: your opinion, European Union like climate overreach on this country 88 00:04:50,120 --> 00:04:54,239 Speaker 3: going through Sacramento. Everything doesn't always go through Denver. Sometimes 89 00:04:54,279 --> 00:04:57,760 Speaker 3: it goes through Sacramento. And like and just like the 90 00:04:57,800 --> 00:05:02,560 Speaker 3: mandates in the European Union on client data, banking, digital services, everything, 91 00:05:03,000 --> 00:05:07,960 Speaker 3: the California rules target extra territorial conduct, So they're trying 92 00:05:07,960 --> 00:05:12,400 Speaker 3: to pass regulations that ostensibly are well, this is just 93 00:05:12,440 --> 00:05:14,720 Speaker 3: for California, but when you look at how they're written 94 00:05:14,960 --> 00:05:19,280 Speaker 3: and what they do, it's really goes way beyond the 95 00:05:19,320 --> 00:05:24,480 Speaker 3: boundaries of the state of California. In fact, it affects 96 00:05:24,560 --> 00:05:29,120 Speaker 3: carbon emissions occurring outside the state's borders. So just like 97 00:05:29,200 --> 00:05:33,360 Speaker 3: the EU, which tries to be the globes regulator, California 98 00:05:33,440 --> 00:05:35,680 Speaker 3: is doing exactly the same thing, trying to play that 99 00:05:35,760 --> 00:05:39,000 Speaker 3: same role over the rest of the country. I don't 100 00:05:39,040 --> 00:05:41,720 Speaker 3: know where they get off thinking that I don't want 101 00:05:41,720 --> 00:05:45,320 Speaker 3: to be California. We're close enough with not already there anyway, 102 00:05:46,000 --> 00:05:48,280 Speaker 3: and why they think they've got to be the arbiter 103 00:05:48,520 --> 00:05:50,239 Speaker 3: of everything else that the country does. 104 00:05:50,400 --> 00:05:51,279 Speaker 2: You know what bite me. 105 00:05:53,920 --> 00:06:00,839 Speaker 3: California's regulators have since discourt hearing they propose to exempt 106 00:06:01,040 --> 00:06:06,279 Speaker 3: nonprofit organizations from all of these climate rules. Yet thousands 107 00:06:06,279 --> 00:06:11,560 Speaker 3: of companies, private companies, publicly traded and private companies but 108 00:06:11,800 --> 00:06:14,640 Speaker 3: still have to comply with all the reporting requirements. And 109 00:06:14,680 --> 00:06:17,520 Speaker 3: that's going to be a significant cost to any dividends 110 00:06:17,600 --> 00:06:20,159 Speaker 3: or profits or anything else that the shareholders might benefit. 111 00:06:20,240 --> 00:06:22,440 Speaker 3: From or even that the owners of the company might 112 00:06:22,440 --> 00:06:27,360 Speaker 3: benefit from the u haul. We've talked about you all before. 113 00:06:27,400 --> 00:06:30,440 Speaker 3: In these studies they do well. U Haul reports that 114 00:06:30,720 --> 00:06:34,800 Speaker 3: it alone would have to spend more than three million 115 00:06:34,880 --> 00:06:37,400 Speaker 3: dollars annually just in California. 116 00:06:38,279 --> 00:06:39,400 Speaker 2: I know it doesn't sound like much. 117 00:06:39,400 --> 00:06:42,240 Speaker 3: Well, this is just in California, just to comply with 118 00:06:42,360 --> 00:06:47,800 Speaker 3: California's climate rules. Now, the proponents, they would argue that 119 00:06:47,839 --> 00:06:54,599 Speaker 3: the rules provide transparency. I'm all for transparency, but transparency 120 00:06:55,240 --> 00:06:58,520 Speaker 3: I thought was meant to provide a clear picture of 121 00:06:58,560 --> 00:07:02,560 Speaker 3: the truth. I thought transparency was supposed to provide you 122 00:07:02,640 --> 00:07:06,279 Speaker 3: with the facts so you could ascertain whether a rule 123 00:07:06,360 --> 00:07:09,960 Speaker 3: of policy, a regulation, or a government bureaucrat or a 124 00:07:09,960 --> 00:07:13,320 Speaker 3: government agency was actually doing what it is supposed to do. 125 00:07:14,160 --> 00:07:18,400 Speaker 3: But the California mandates do just the opposite. They require 126 00:07:18,520 --> 00:07:24,120 Speaker 3: companies to speculate about a world that does not exist now, 127 00:07:24,560 --> 00:07:26,440 Speaker 3: and in my opinion, the world's not going to exist 128 00:07:26,480 --> 00:07:30,920 Speaker 3: anytime in the near future. If ever, for example, the 129 00:07:31,000 --> 00:07:36,320 Speaker 3: reporting requirements point to a one hundred page long manual. 130 00:07:37,320 --> 00:07:41,400 Speaker 3: Let's just pause for a moment. You're a small business, 131 00:07:42,400 --> 00:07:45,160 Speaker 3: and I don't mean small business like five employees. You're 132 00:07:45,160 --> 00:07:49,360 Speaker 3: a small business that has fifty employees, you're subject to 133 00:07:49,440 --> 00:07:53,800 Speaker 3: these requirements. Now you've got to find somebody either you 134 00:07:54,120 --> 00:07:58,080 Speaker 3: if you're the president, CEO, chairman of the board, the janitor, 135 00:07:58,120 --> 00:08:01,880 Speaker 3: the chief financial officer, chief IT officer, your everything. Because 136 00:08:01,880 --> 00:08:04,280 Speaker 3: you've got twenty five fifty employees, it's probably going to 137 00:08:04,320 --> 00:08:08,400 Speaker 3: follow on you. Or you know, in another effort to 138 00:08:08,440 --> 00:08:10,800 Speaker 3: make sure that lawyers never go broke, you're going to 139 00:08:10,840 --> 00:08:14,560 Speaker 3: have to hire a lawyer. It directs in a one 140 00:08:14,680 --> 00:08:19,680 Speaker 3: hundred page long manual that companies speculate on how they 141 00:08:19,680 --> 00:08:26,600 Speaker 3: would respond to a two degree celsius scenario. 142 00:08:27,960 --> 00:08:28,600 Speaker 2: What do I mean? 143 00:08:29,680 --> 00:08:33,240 Speaker 3: They're referring to a scenario where policymakers have taken actions 144 00:08:33,480 --> 00:08:41,560 Speaker 3: to limit global warming to two degrees above pre industrial temperatures. Now, 145 00:08:41,600 --> 00:08:44,720 Speaker 3: I don't know that i've ever yet on this program 146 00:08:45,120 --> 00:08:48,600 Speaker 3: over here on the big blowtorch, ask this simple question, 147 00:08:50,160 --> 00:08:53,400 Speaker 3: where do you measure if you want to get a 148 00:08:53,720 --> 00:08:59,160 Speaker 3: rectal temperature of the Earth, where is the Earth's rectum 149 00:08:59,240 --> 00:09:03,400 Speaker 3: so that you can get that temperature reading. I'd like 150 00:09:03,440 --> 00:09:08,080 Speaker 3: to ask California if you're asking companies to follow a 151 00:09:08,160 --> 00:09:13,440 Speaker 3: one hundred page long manual to not ascertain. The word 152 00:09:13,559 --> 00:09:18,520 Speaker 3: is speculate to speculate on how they would respond to 153 00:09:18,679 --> 00:09:24,200 Speaker 3: a two degree scenario. Where where does you haul? Who 154 00:09:24,240 --> 00:09:26,439 Speaker 3: says it will cost them three million dollars to comply 155 00:09:26,559 --> 00:09:29,640 Speaker 3: with this, with this one law, just this one regulation, 156 00:09:29,800 --> 00:09:33,240 Speaker 3: three million dollars. So if you're if you're using U 157 00:09:33,240 --> 00:09:35,160 Speaker 3: haul to move out of the state of California because 158 00:09:35,200 --> 00:09:37,240 Speaker 3: you think Colorado is a better place to live, well, 159 00:09:37,360 --> 00:09:39,079 Speaker 3: you're going to pay for that in the extra charges 160 00:09:39,120 --> 00:09:41,720 Speaker 3: they're going to call charge to U haul people. Or 161 00:09:41,800 --> 00:09:44,360 Speaker 3: if you know you can't afford your you know, bazillion 162 00:09:44,400 --> 00:09:46,959 Speaker 3: dollar home now and you're downsizing in California, you want 163 00:09:46,960 --> 00:09:49,120 Speaker 3: to move five miles away or ten miles away, and 164 00:09:49,200 --> 00:09:50,760 Speaker 3: you know you're in a U haul, it's going to 165 00:09:50,840 --> 00:09:53,520 Speaker 3: cost you more. That's what these regulations do. But you 166 00:09:53,600 --> 00:10:00,720 Speaker 3: know that now both sides I think this climate debate 167 00:10:02,480 --> 00:10:07,800 Speaker 3: agree that the two degree target is outdated. James Hansen 168 00:10:07,840 --> 00:10:11,920 Speaker 3: has said that he's declared it dead. He's declared it 169 00:10:11,960 --> 00:10:14,920 Speaker 3: dead because the global energy use is rising and it 170 00:10:14,960 --> 00:10:19,800 Speaker 3: will continue to rise. And then the one of the 171 00:10:19,840 --> 00:10:22,559 Speaker 3: pastors in the Church of the Climate Activists, a Yahoo 172 00:10:22,559 --> 00:10:24,800 Speaker 3: by the name of Ted Norhaus. He calls the two 173 00:10:24,800 --> 00:10:30,559 Speaker 3: degree standard a delusion, and over at AEI, Roger Pilke 174 00:10:30,679 --> 00:10:33,480 Speaker 3: adds that this target is unattainable, probably. 175 00:10:33,120 --> 00:10:36,280 Speaker 2: For decades to come. So instead of. 176 00:10:36,400 --> 00:10:40,440 Speaker 3: Just simply acknowledging the consensus that energy demand continues to 177 00:10:40,480 --> 00:10:46,040 Speaker 3: exceed renewable energy supply by a humongous margin, the California 178 00:10:46,080 --> 00:10:51,920 Speaker 3: requirements direct companies to respond to hypothetical scenarios that present 179 00:10:52,400 --> 00:10:57,240 Speaker 3: absolutely no material risk for the foreseeable future. That's not 180 00:10:57,320 --> 00:10:59,760 Speaker 3: the end of it, No, oh no, there's always more. 181 00:11:01,200 --> 00:11:04,360 Speaker 3: California also wants to know how the climate will you 182 00:11:04,559 --> 00:11:07,839 Speaker 3: to speculate again, how will the climate affect virtually the 183 00:11:08,000 --> 00:11:13,400 Speaker 3: entire operation of your business, everything from research and development 184 00:11:14,040 --> 00:11:18,600 Speaker 3: even to executive compensation. I kind of juggled at that one. 185 00:11:19,000 --> 00:11:23,640 Speaker 3: How in the world do you speculate that your response 186 00:11:24,520 --> 00:11:29,200 Speaker 3: and climate change itself? How's that going to infect your 187 00:11:29,360 --> 00:11:35,360 Speaker 3: corporate strategy, your corporate compensation, your corporate governance. Well I 188 00:11:35,360 --> 00:11:36,960 Speaker 3: can't use the F bomb, but I think it's going 189 00:11:37,000 --> 00:11:39,160 Speaker 3: to ff it up pretty badly. That's what I think 190 00:11:39,160 --> 00:11:42,480 Speaker 3: it's going to do. Because companies now have to detail 191 00:11:42,920 --> 00:11:49,040 Speaker 3: how quote climate related issues close quote impact corporate strategy, 192 00:11:49,480 --> 00:11:57,559 Speaker 3: risk management policies, performance objectives, business plans, and your capital expenditures. Now, 193 00:11:57,720 --> 00:12:02,800 Speaker 3: every single one of those mandates goes way beyond the 194 00:12:02,880 --> 00:12:07,920 Speaker 3: infringements on speech permitted by legitimate disclosure requirements we have. 195 00:12:08,320 --> 00:12:11,240 Speaker 3: If you're a publicly traded company like U haul Is, 196 00:12:11,679 --> 00:12:16,520 Speaker 3: there are certain legitimate disclosure requirements that the courts has said, yes, 197 00:12:16,640 --> 00:12:20,320 Speaker 3: you are required to tell us these things. Now you 198 00:12:20,360 --> 00:12:24,360 Speaker 3: get into proprietary information, there may be some limitations and 199 00:12:24,400 --> 00:12:27,840 Speaker 3: some protections for you, but generally speaking, in order to 200 00:12:27,920 --> 00:12:31,199 Speaker 3: keep you know, publicly traded companies honest, to make sure 201 00:12:31,240 --> 00:12:33,560 Speaker 3: there's not insider trading. Of course, unless you're a member 202 00:12:33,600 --> 00:12:35,760 Speaker 3: of Congress who doesn't care, but we don't care about that. 203 00:12:35,920 --> 00:12:38,000 Speaker 3: We want you to get richer on the backs of 204 00:12:38,640 --> 00:12:45,360 Speaker 3: insider information. How is it that this protects consumers or investors? 205 00:12:46,160 --> 00:12:50,080 Speaker 3: I don't see how it does it all. So California decides, well, 206 00:12:50,120 --> 00:12:52,760 Speaker 3: we'll give you options because anytime, you know, because they're 207 00:12:52,760 --> 00:12:54,840 Speaker 3: all for choice, right, unless it's a choice that I 208 00:12:54,840 --> 00:12:58,880 Speaker 3: want to make. You can choose between two bad options. 209 00:13:00,080 --> 00:13:03,040 Speaker 3: Either admit that you're not a climate alarmist and then 210 00:13:03,240 --> 00:13:05,599 Speaker 3: risk all the public shame that the state of California 211 00:13:05,640 --> 00:13:08,880 Speaker 3: will bring down on your company and all the regulatory 212 00:13:08,920 --> 00:13:12,360 Speaker 3: harassment that comes with that. Or you can commit to 213 00:13:12,480 --> 00:13:16,319 Speaker 3: unrealistic climate goals that then they'll be used against you later, 214 00:13:16,400 --> 00:13:19,400 Speaker 3: so you can those are your choices. Oh, I don't 215 00:13:19,400 --> 00:13:20,840 Speaker 3: think it's going to have any effect at all, because 216 00:13:20,960 --> 00:13:23,840 Speaker 3: nothing's going to happen. Or I think that, oh, two 217 00:13:23,880 --> 00:13:26,760 Speaker 3: degrees is realistic. So here's how we're going to deal 218 00:13:26,800 --> 00:13:30,439 Speaker 3: with our highly paid, you know, compensation for our executives. 219 00:13:30,679 --> 00:13:34,040 Speaker 3: Here's our risk management management strategies. Here's how it's going 220 00:13:34,080 --> 00:13:36,080 Speaker 3: to affect our shareholders. Here's how I'm going to affect 221 00:13:36,080 --> 00:13:40,200 Speaker 3: our production of widgets whatever it is. And oh, but 222 00:13:40,320 --> 00:13:43,120 Speaker 3: now you're admitting to your shareholders or are you lying 223 00:13:43,200 --> 00:13:46,840 Speaker 3: to your shareholders? I think you're using it to lie 224 00:13:46,920 --> 00:13:49,920 Speaker 3: to your shareholder. California is forcing you to lie to 225 00:13:49,960 --> 00:13:54,480 Speaker 3: your shareholders. And then if you don't do those things, 226 00:13:54,880 --> 00:13:58,040 Speaker 3: or if your predictions don't match your speculation that they 227 00:13:58,040 --> 00:14:01,079 Speaker 3: ask you to do, oh, is that going to be 228 00:14:01,160 --> 00:14:06,000 Speaker 3: used against you now? In crafting these climate disclosure rules, 229 00:14:06,960 --> 00:14:11,080 Speaker 3: California clearly is even worse than the Biden administration, and 230 00:14:11,120 --> 00:14:15,640 Speaker 3: that says a lot the prior administration was labeled the 231 00:14:16,120 --> 00:14:20,480 Speaker 3: regulatory goat the greatest of all time. Douglas holds Eken, 232 00:14:20,880 --> 00:14:25,320 Speaker 3: because Douglas holds Eken calculated he's a wonderful budget expert, 233 00:14:26,320 --> 00:14:32,080 Speaker 3: calculated that Biden era rules cost the economy one point 234 00:14:32,280 --> 00:14:37,840 Speaker 3: six trillion dollars, and that that was five times the 235 00:14:37,920 --> 00:14:44,200 Speaker 3: regulatory burden imposed by the Obama administration. And remember Obama 236 00:14:44,240 --> 00:14:49,040 Speaker 3: had eight years. Biden had four years. So in four 237 00:14:49,160 --> 00:14:53,840 Speaker 3: years and half the time, he more than five times 238 00:14:53,880 --> 00:14:57,080 Speaker 3: the amount of regulations and five times the amount of costs, 239 00:14:57,160 --> 00:14:59,520 Speaker 3: all the way up to one point six trillion dollars. 240 00:15:00,200 --> 00:15:01,720 Speaker 3: Now stop and think for him on I'm about one 241 00:15:02,040 --> 00:15:06,360 Speaker 3: place six trillion dollars. You take that out of the 242 00:15:06,400 --> 00:15:12,720 Speaker 3: private sector and you put that into non beneficial, non effective, 243 00:15:13,320 --> 00:15:17,680 Speaker 3: doesn't provide any sort of public purpose whatsoever. You take 244 00:15:17,680 --> 00:15:21,320 Speaker 3: that out of a company spread across companies all across 245 00:15:21,360 --> 00:15:24,840 Speaker 3: the country. Because I remember, you do business anywhere. If 246 00:15:24,840 --> 00:15:27,160 Speaker 3: you're doing business in California, you have to comply with this. 247 00:15:28,160 --> 00:15:31,200 Speaker 3: So if you're a car manufacturer and you sell cars 248 00:15:31,200 --> 00:15:35,120 Speaker 3: in California, it applies to you. If you manufacture widgets 249 00:15:35,160 --> 00:15:37,920 Speaker 3: in Colorado, but you sell them in California. 250 00:15:38,080 --> 00:15:40,760 Speaker 2: This applies to you as long as you are. 251 00:15:40,600 --> 00:15:43,360 Speaker 3: Doing business inns in any way, if you got any 252 00:15:43,400 --> 00:15:45,640 Speaker 3: nexus to the state of California, this applies to you. 253 00:15:46,960 --> 00:15:50,120 Speaker 3: So that money that's sucked out of the private sector 254 00:15:50,320 --> 00:15:52,840 Speaker 3: and put into this bull crap that's not going to 255 00:15:52,920 --> 00:15:56,160 Speaker 3: do anything in terms of if you believe in climate change, 256 00:15:56,400 --> 00:15:58,200 Speaker 3: let me talk to you for a moment, because this 257 00:15:58,240 --> 00:16:01,000 Speaker 3: will do absolutely nothing to improve the climate. 258 00:16:01,280 --> 00:16:04,240 Speaker 2: Now, it's not going to change the climate either. It's paperwork. 259 00:16:04,520 --> 00:16:06,560 Speaker 3: If anything, it's going to eat up a bunch of 260 00:16:06,560 --> 00:16:09,160 Speaker 3: ones and zeros on a computer program, which means it's 261 00:16:09,160 --> 00:16:11,280 Speaker 3: gonna eat up a bunch of electricity, which means your 262 00:16:11,280 --> 00:16:13,400 Speaker 3: electric costs are going to be higher. And you're doing 263 00:16:13,400 --> 00:16:17,400 Speaker 3: that so you can speculate, purely, speculate about what that 264 00:16:17,440 --> 00:16:21,840 Speaker 3: two degree change might mean for you. That one point 265 00:16:21,880 --> 00:16:26,200 Speaker 3: six trillion dollars could be used in the private sector to, oh, 266 00:16:26,280 --> 00:16:27,720 Speaker 3: I don't know, fix our bathroom. 267 00:16:27,760 --> 00:16:29,160 Speaker 2: Dragon. They could actually use that. 268 00:16:29,160 --> 00:16:31,360 Speaker 3: One point six trillion dollars or what you know, some 269 00:16:31,480 --> 00:16:34,400 Speaker 3: portion of it whoever advantages this building to go fix 270 00:16:34,440 --> 00:16:36,920 Speaker 3: the damn toilet. But oh no, they're gonna have to 271 00:16:36,920 --> 00:16:39,840 Speaker 3: comply because I'm sure this company probably has buildings that 272 00:16:39,880 --> 00:16:42,280 Speaker 3: they manage in California too, But when it comes to 273 00:16:42,320 --> 00:16:49,160 Speaker 3: climate disclosure, the Biden crew really was they were pikers 274 00:16:49,160 --> 00:16:55,480 Speaker 3: compared to California. The administrations now rescinded climate rules thanks 275 00:16:55,520 --> 00:17:01,280 Speaker 3: to Trump, applied only to public companies, including a curiality requirement, 276 00:17:01,680 --> 00:17:04,320 Speaker 3: but it stopped short of mandating disclosure of these so 277 00:17:04,400 --> 00:17:07,720 Speaker 3: called Scope three emissions that result from the use of 278 00:17:07,760 --> 00:17:12,840 Speaker 3: company's products by consumers instead. Or by contrast, I should say, 279 00:17:13,560 --> 00:17:18,840 Speaker 3: the California rules reach privately held firms, contain no materiality 280 00:17:18,920 --> 00:17:22,520 Speaker 3: requirement and required disclosure of all the Scope three emissions. 281 00:17:24,800 --> 00:17:28,960 Speaker 3: One statement from Bill Gates his recent ode to Energy 282 00:17:29,000 --> 00:17:33,440 Speaker 3: Realism is really important to understand. Here, Gates said, from 283 00:17:33,440 --> 00:17:39,520 Speaker 3: the standpoint of improving lives, using more energy is a 284 00:17:39,640 --> 00:17:47,680 Speaker 3: good thing. I think everyday energy consumers would agree. It's you. 285 00:17:47,800 --> 00:17:50,919 Speaker 3: We've had a really mild winter, but if it been 286 00:17:50,920 --> 00:17:53,640 Speaker 3: in Colverlin, a well digger's ass out there, you would 287 00:17:53,680 --> 00:17:57,080 Speaker 3: have wanted to use more energy to keep yourselves comfortable, 288 00:17:58,000 --> 00:18:00,720 Speaker 3: So you would have used more energy than you normally 289 00:18:00,800 --> 00:18:04,080 Speaker 3: are right now because of our mild weather, and I 290 00:18:04,119 --> 00:18:07,040 Speaker 3: think you would agree that would be a good thing that. Yes, 291 00:18:07,119 --> 00:18:09,920 Speaker 3: I was able to keep Grandma war. I was able 292 00:18:09,960 --> 00:18:12,680 Speaker 3: to keep from you know, bundling up and watching land Man, 293 00:18:12,880 --> 00:18:16,199 Speaker 3: you know, with fifteen blankets over me and giving me 294 00:18:16,280 --> 00:18:16,720 Speaker 3: on time. 295 00:18:18,160 --> 00:18:22,880 Speaker 1: Something pointed out on X after this Minnesota shooting by 296 00:18:22,920 --> 00:18:26,040 Speaker 1: the ICE agent is how the left is not going 297 00:18:26,080 --> 00:18:31,560 Speaker 1: after gun related to this incident. They're blaming the ICE officer. 298 00:18:32,480 --> 00:18:36,360 Speaker 1: So sometimes it's the person who pulls the trigger, other 299 00:18:36,440 --> 00:18:39,400 Speaker 1: times it's the gun that is the problem. It's good 300 00:18:39,440 --> 00:18:39,720 Speaker 1: to know. 301 00:18:42,000 --> 00:18:51,200 Speaker 2: Here. I think the overriding agenda is ICE and ICE's. 302 00:18:50,800 --> 00:18:55,399 Speaker 3: Efforts to deport criminals and people who were in the 303 00:18:55,440 --> 00:19:02,160 Speaker 3: country illegally. There was on X yesterday a story about 304 00:19:02,200 --> 00:19:04,880 Speaker 3: one of the guys that they were looking for. It's 305 00:19:04,880 --> 00:19:07,919 Speaker 3: a child sex mo lester, a real dirt bag. He 306 00:19:08,000 --> 00:19:12,840 Speaker 3: looked to be maybe South Asian or something. And I'm 307 00:19:12,840 --> 00:19:14,800 Speaker 3: thinking to myself, and this is who you're this is 308 00:19:14,800 --> 00:19:16,560 Speaker 3: who you want to leave in your community. Why why 309 00:19:16,560 --> 00:19:19,760 Speaker 3: would you want this dirt bag in your community? So 310 00:19:19,840 --> 00:19:24,520 Speaker 3: I think it's they. They they have a hierarchy of 311 00:19:24,600 --> 00:19:29,840 Speaker 3: objections and and guns have gotten pushed down because their 312 00:19:30,080 --> 00:19:37,119 Speaker 3: their fear here is that we might actually accomplish getting 313 00:19:37,200 --> 00:19:40,040 Speaker 3: rid of those people. And if we get rid of 314 00:19:40,080 --> 00:19:42,640 Speaker 3: those people who should not be here, they lose. 315 00:19:42,440 --> 00:19:43,440 Speaker 2: A voting block. 316 00:19:44,720 --> 00:19:46,199 Speaker 3: In fact, I don't know if I can find it 317 00:19:46,240 --> 00:19:51,520 Speaker 3: quickly enough, but yesterday Senator Warner. 318 00:19:53,359 --> 00:19:56,280 Speaker 2: Came out and pretty I'll look for it later. 319 00:19:56,320 --> 00:19:58,760 Speaker 3: But he came out and and said something to the 320 00:19:58,760 --> 00:20:02,399 Speaker 3: effect that, yeah, we you know, we lose our voting 321 00:20:02,440 --> 00:20:06,560 Speaker 3: block if we allowed these people to all get deported. 322 00:20:06,760 --> 00:20:07,840 Speaker 2: I'll it for that later. 323 00:20:08,640 --> 00:20:12,960 Speaker 3: Meantime, somebody asked me on the text line about this 324 00:20:13,960 --> 00:20:20,919 Speaker 3: grand jury subpoena that's been issued against Jerome Powell. I 325 00:20:20,960 --> 00:20:22,960 Speaker 3: have to say, I think this is a huge mistake, 326 00:20:24,280 --> 00:20:28,920 Speaker 3: and I don't know whether First, uh well, let me 327 00:20:29,000 --> 00:20:30,680 Speaker 3: let me see what the Let's do it this way. 328 00:20:31,600 --> 00:20:33,920 Speaker 3: Let me just go to the Wall Street Journal, their 329 00:20:34,040 --> 00:20:36,880 Speaker 3: lead house editorial today in the. 330 00:20:36,840 --> 00:20:37,880 Speaker 2: Annals of Political Law. 331 00:20:37,960 --> 00:20:41,600 Speaker 3: Fair there's dumb and then there's the criminal subpoena federal 332 00:20:41,600 --> 00:20:46,400 Speaker 3: prosecutors delivered Friday to Federal Reserve Chairman Powell. President Trump 333 00:20:46,440 --> 00:20:49,240 Speaker 3: would do himself and the country a big favor by 334 00:20:49,280 --> 00:20:55,840 Speaker 3: firing those responsible for this fiasco, which raises the question, Now, 335 00:20:55,920 --> 00:20:58,199 Speaker 3: I don't know that firing the people who are responsible 336 00:20:58,200 --> 00:21:00,880 Speaker 3: for the for the fiasco is going to accomplish anything, 337 00:21:01,520 --> 00:21:05,600 Speaker 3: because I'm not quite sure the ins and outs of 338 00:21:05,640 --> 00:21:09,280 Speaker 3: who really did this. I can tell you who's responsible 339 00:21:09,280 --> 00:21:13,560 Speaker 3: for it, and that is Donald Trump, the Attorney General, 340 00:21:13,560 --> 00:21:16,720 Speaker 3: Pam Bondy, and the US Attorney for the District of Columbia, 341 00:21:16,800 --> 00:21:21,359 Speaker 3: Judge Janine Piro. Now, how that floats up and down 342 00:21:21,560 --> 00:21:25,800 Speaker 3: that line of responsibility, I'm not quite sure who's on 343 00:21:25,880 --> 00:21:29,560 Speaker 3: first kind of thing. Did Judge Pierro decide on her own? 344 00:21:30,520 --> 00:21:34,480 Speaker 3: I highly doubt that did Trump saying something to Piero. 345 00:21:35,240 --> 00:21:39,080 Speaker 3: I could believe that was Pam BONDI left standing over 346 00:21:39,119 --> 00:21:42,359 Speaker 3: here holding the bag because she's somewhat clueless at times. 347 00:21:42,400 --> 00:21:48,000 Speaker 3: I could certainly believe that too. But however, that little circle, 348 00:21:48,560 --> 00:21:52,760 Speaker 3: and however the little arrows go of who's responsible for what. Nonetheless, 349 00:21:52,840 --> 00:21:57,639 Speaker 3: this was a stupid thing to do. Why well, the 350 00:21:57,640 --> 00:22:02,000 Speaker 3: subpoena apparently applies to testimony that the FED chair gave 351 00:22:02,080 --> 00:22:05,879 Speaker 3: to Congress this past summer concerning those renovations to the 352 00:22:05,880 --> 00:22:10,120 Speaker 3: Federal Building to the Fed's office buildings in DC. Now, 353 00:22:10,240 --> 00:22:13,639 Speaker 3: you may remember that Trump took a tour and he 354 00:22:13,720 --> 00:22:15,800 Speaker 3: said something about you know, Powell said the oldest is 355 00:22:15,840 --> 00:22:17,840 Speaker 3: going to and don't hold me to the numbers. But 356 00:22:17,920 --> 00:22:19,320 Speaker 3: Pale said, you know this is going to cost a 357 00:22:19,320 --> 00:22:22,320 Speaker 3: billion dollars, And Trump pulled a piece of paper out 358 00:22:22,320 --> 00:22:24,240 Speaker 3: of his pocket and said, oh, no, no, no, he's 359 00:22:24,280 --> 00:22:26,640 Speaker 3: going to cost like one point two billion dollars. Why 360 00:22:26,760 --> 00:22:29,200 Speaker 3: you look, I've got the plans right here. And Powell, 361 00:22:29,400 --> 00:22:33,439 Speaker 3: standing next to the ginormous Donald Trump, looked like a 362 00:22:33,520 --> 00:22:37,680 Speaker 3: little green Martian from outer space that he just got 363 00:22:37,680 --> 00:22:38,840 Speaker 3: caught with his pants. 364 00:22:38,520 --> 00:22:41,200 Speaker 2: Down what to do and don't would see here. 365 00:22:44,640 --> 00:22:51,520 Speaker 3: Whether he misspoke in front of Congress about the details, 366 00:22:52,640 --> 00:22:55,760 Speaker 3: I'm willing to give him a buy has nothing to 367 00:22:55,800 --> 00:22:58,840 Speaker 3: do with my approval of the Federal Reserve. Has nothing 368 00:22:58,880 --> 00:23:02,160 Speaker 3: to do with my approval disapproval of their policies, has 369 00:23:02,160 --> 00:23:04,960 Speaker 3: nothing to do with my dislike of the Federal Reserve 370 00:23:05,080 --> 00:23:08,080 Speaker 3: at large. I'd like to abolish it. I'd like to 371 00:23:08,080 --> 00:23:10,240 Speaker 3: get it audited. I'd like to get rid of it. 372 00:23:10,720 --> 00:23:13,919 Speaker 3: I think the Central Bank is a complete disaster, and 373 00:23:13,960 --> 00:23:17,399 Speaker 3: I think Jerome pal is a disaster. I think the 374 00:23:17,480 --> 00:23:20,520 Speaker 3: whole too late moniker nickname that Trump gave him as 375 00:23:20,720 --> 00:23:25,719 Speaker 3: absolutely applicable. But that's separate and apart. You gotta look 376 00:23:25,760 --> 00:23:32,240 Speaker 3: at this from a nuanced lens. Those renovations, whatever they're doing, 377 00:23:32,920 --> 00:23:37,840 Speaker 3: are not being directly paid for by the taxpayers. They're 378 00:23:37,840 --> 00:23:40,480 Speaker 3: being paid for by all of the fees and the 379 00:23:40,480 --> 00:23:42,280 Speaker 3: money and the interest and everything else that the Federal 380 00:23:42,320 --> 00:23:45,240 Speaker 3: Reserve has on hand that they earn through all of 381 00:23:45,240 --> 00:23:50,359 Speaker 3: their transactions, including loaning s money. So indirectly yes, directly no, 382 00:23:51,480 --> 00:23:55,280 Speaker 3: But whose responsibility is that to oversee it? It's not 383 00:23:55,400 --> 00:23:58,879 Speaker 3: the President, It's the Congress. And once again, tell me 384 00:23:58,920 --> 00:24:02,720 Speaker 3: something that Congress is doing. It's worth our time a 385 00:24:02,760 --> 00:24:06,040 Speaker 3: serious question. What's Congress done recently? 386 00:24:06,080 --> 00:24:06,199 Speaker 2: Now? 387 00:24:06,200 --> 00:24:07,879 Speaker 3: I'm not advocating for Congress to just go out and 388 00:24:07,880 --> 00:24:08,840 Speaker 3: start passing a bunch. 389 00:24:08,680 --> 00:24:10,800 Speaker 2: Of laws, unless, of course those laws. 390 00:24:10,560 --> 00:24:13,520 Speaker 3: Are actually to deregulate our society and get rid of 391 00:24:13,560 --> 00:24:16,679 Speaker 3: a bunch of laws. I'm all for that, But what 392 00:24:16,720 --> 00:24:21,200 Speaker 3: are they really doing? Here's what the most Regina says 393 00:24:22,040 --> 00:24:24,960 Speaker 3: ask at that meeting. If the project is quote a 394 00:24:25,000 --> 00:24:28,280 Speaker 3: fireable offense for Jerome Pell, Mister Trump replied, look, I 395 00:24:28,280 --> 00:24:30,199 Speaker 3: would love to see it complete it. I don't want 396 00:24:30,240 --> 00:24:34,639 Speaker 3: to put that in this category. Alas the general rights, 397 00:24:34,880 --> 00:24:37,439 Speaker 3: somebody forgot to tell the rest of the administration to let. 398 00:24:37,280 --> 00:24:37,840 Speaker 2: The matter go. 399 00:24:38,800 --> 00:24:42,240 Speaker 3: Our sources say Bill Poulti of the Federal Housing Finance 400 00:24:42,280 --> 00:24:46,040 Speaker 3: Agency wrote a report that made its way to Jeanine Piro, 401 00:24:46,160 --> 00:24:49,680 Speaker 3: the u's attorney for DC. Miss Pierro's office sent the subpoena, 402 00:24:50,080 --> 00:24:54,000 Speaker 3: though Attorney General Pam Bondi no doubt signed off. Presumably 403 00:24:54,119 --> 00:24:57,119 Speaker 3: the gambit is to catch mister Powell for lying to 404 00:24:57,200 --> 00:25:01,320 Speaker 3: Congress regarding the office renovations, or for details in SARTs 405 00:25:01,359 --> 00:25:03,880 Speaker 3: of some other so far undetected offense. 406 00:25:05,640 --> 00:25:07,399 Speaker 2: Now they go on to report that Trump says he 407 00:25:07,440 --> 00:25:08,160 Speaker 2: didn't know about the. 408 00:25:08,080 --> 00:25:14,720 Speaker 3: Subpoena, which could be honestly unusual, because this is someone 409 00:25:14,760 --> 00:25:17,480 Speaker 3: that's Trump's been trying to get rid of since before 410 00:25:17,480 --> 00:25:21,080 Speaker 3: he took office. He leaves office in what three three 411 00:25:21,119 --> 00:25:24,760 Speaker 3: and a half months. Anyway, I think this is stirring 412 00:25:24,880 --> 00:25:28,560 Speaker 3: up a lot more. You know what this is, and 413 00:25:28,920 --> 00:25:32,000 Speaker 3: I hate to admit this, but this is Trump who 414 00:25:32,119 --> 00:25:39,199 Speaker 3: derides the despises lawfair. This is Trump's minions engaging in 415 00:25:39,320 --> 00:25:42,919 Speaker 3: lawfare against the FED chairman. Now you don't have to 416 00:25:42,920 --> 00:25:45,639 Speaker 3: love the FED chairman to know if that's wrong. I 417 00:25:45,680 --> 00:25:49,400 Speaker 3: think it's absolutely wrong. The Journal rights. You know, Trump 418 00:25:49,480 --> 00:25:51,879 Speaker 3: has made a routine of criticizing Pal for not cutting 419 00:25:51,880 --> 00:25:54,800 Speaker 3: interest rates fast enough, despite having cut three times in 420 00:25:54,800 --> 00:25:57,840 Speaker 3: a recent month months. Mister POULTI again, he's the head 421 00:25:57,880 --> 00:26:03,399 Speaker 3: of the federal Federal Finance Housing Authority. Is an easy 422 00:26:03,680 --> 00:26:06,879 Speaker 3: especially eager today, having led the campaign to unseat federal 423 00:26:06,920 --> 00:26:10,440 Speaker 3: Governor the Effect Governor Lisa Cook on unproven allegations of 424 00:26:10,480 --> 00:26:12,840 Speaker 3: mortgage fraud and helps to stacking the board with more 425 00:26:12,840 --> 00:26:17,159 Speaker 3: accommodating members. Well that's fine, but there's a way to 426 00:26:17,200 --> 00:26:20,840 Speaker 3: go about it. And this overreach was lawfair. I think 427 00:26:21,200 --> 00:26:24,960 Speaker 3: it is bad for the administration. It's not only a 428 00:26:25,000 --> 00:26:29,280 Speaker 3: bad look, but it's a little hypocritical too. If you're 429 00:26:29,320 --> 00:26:31,760 Speaker 3: so opposed to lawfair, then why are we using lawfair 430 00:26:31,800 --> 00:26:36,520 Speaker 3: to go against somebody that you're going to replace ninety days. Anyway, 431 00:26:36,560 --> 00:26:44,480 Speaker 3: this attack is going to backfire. Now Pal's not required 432 00:26:45,080 --> 00:26:50,199 Speaker 3: to leave the FED when his chairmanship ends, and now 433 00:26:50,359 --> 00:26:52,879 Speaker 3: he may feel like, oh, you know what, I'm going 434 00:26:52,960 --> 00:26:56,160 Speaker 3: to show you, I'll leave the chairmanship when my term ends. 435 00:26:56,600 --> 00:26:58,639 Speaker 3: But I'm going to say I on the Federal Reserve. Now, 436 00:26:58,720 --> 00:27:01,720 Speaker 3: most of them usually don't, They usually leave. That would 437 00:27:01,760 --> 00:27:05,119 Speaker 3: deny Trump a second appointment to the fad board, so 438 00:27:05,359 --> 00:27:11,000 Speaker 3: overreacting may have costume the ability to make two appointments one. 439 00:27:11,600 --> 00:27:15,240 Speaker 3: Sometimes you gotta sit back and just bide your time. 440 00:27:15,600 --> 00:27:19,159 Speaker 2: Buggy thing, Dragon and Brown. 441 00:27:20,359 --> 00:27:24,159 Speaker 3: I'm just saying, if you see a buggy out in 442 00:27:24,240 --> 00:27:29,199 Speaker 3: the parking lot, it's usually a good one and you 443 00:27:29,359 --> 00:27:30,320 Speaker 3: might as well grab it. 444 00:27:30,920 --> 00:27:35,879 Speaker 4: Have a good day. I don't leave them. I just 445 00:27:36,000 --> 00:27:39,840 Speaker 4: play them, Michael, make it make sense. 446 00:27:41,720 --> 00:27:46,600 Speaker 3: I have North of the idea. A buggy out front, 447 00:27:47,760 --> 00:27:48,400 Speaker 3: just grab it. 448 00:27:49,240 --> 00:27:51,280 Speaker 2: With It's usually a good one. It's usually a good one. 449 00:27:51,320 --> 00:27:52,280 Speaker 2: Grab a buggy. 450 00:27:52,600 --> 00:27:57,560 Speaker 3: Yeah, I need Maybe I should look in the Urban 451 00:27:57,560 --> 00:28:01,240 Speaker 3: Dictionary to see if there's some other, you know, bizarre 452 00:28:01,280 --> 00:28:03,640 Speaker 3: definition of a buggy. What do you think that When 453 00:28:03,640 --> 00:28:06,840 Speaker 3: you think I mean buggy, I think like, you know, 454 00:28:07,000 --> 00:28:08,639 Speaker 3: the computer buggy. 455 00:28:08,680 --> 00:28:13,119 Speaker 2: If I get horse drawn carriage or horse. 456 00:28:13,040 --> 00:28:15,359 Speaker 3: Drawn right, I mean that was the first thing I 457 00:28:15,400 --> 00:28:16,920 Speaker 3: thought of. But I'm trying to think of all the 458 00:28:16,920 --> 00:28:17,760 Speaker 3: things that are buggy. 459 00:28:18,480 --> 00:28:21,680 Speaker 2: Yeah. I don't ever been in a horse drawn carriage? 460 00:28:22,000 --> 00:28:29,000 Speaker 3: Yes, yeah, yeah, uh sleigh rides h New York City, 461 00:28:31,000 --> 00:28:33,880 Speaker 3: different places, Yeah. 462 00:28:33,119 --> 00:28:36,840 Speaker 2: You i'd probably, but. 463 00:28:36,840 --> 00:28:39,320 Speaker 3: I can't think it's so memorable. You can't remember it. 464 00:28:41,280 --> 00:28:42,640 Speaker 3: I have no I have no clue what that was. 465 00:28:43,720 --> 00:28:47,600 Speaker 3: But then I had an email from a listener in 466 00:28:49,000 --> 00:28:53,840 Speaker 3: somewhere in king cally the Seattle area asking for a 467 00:28:53,880 --> 00:28:54,840 Speaker 3: referral to a dentist. 468 00:28:55,800 --> 00:28:59,240 Speaker 2: Oh yeah, sure, yeah, why not? And then and then 469 00:28:59,240 --> 00:29:00,080 Speaker 2: I had one. 470 00:29:01,400 --> 00:29:04,480 Speaker 3: Uh I think I may have already deleted it about 471 00:29:04,480 --> 00:29:08,560 Speaker 3: how the NSA and the CIA are they've kidnapped his son. 472 00:29:09,480 --> 00:29:13,200 Speaker 3: They won't let him see a doctor, and I need 473 00:29:13,240 --> 00:29:13,719 Speaker 3: to fix that. 474 00:29:15,120 --> 00:29:16,760 Speaker 4: So I kind of put, well, you've got so many 475 00:29:16,760 --> 00:29:18,320 Speaker 4: of those cases under your belt right now. 476 00:29:18,760 --> 00:29:19,560 Speaker 2: I just thought I don't. 477 00:29:20,080 --> 00:29:22,400 Speaker 3: It's just just like getting line buckle. I got so many. 478 00:29:22,720 --> 00:29:24,640 Speaker 3: So that's kind of like the buggy. If I go 479 00:29:24,640 --> 00:29:26,160 Speaker 3: out and there's a buggy out there, I guess I'll 480 00:29:26,160 --> 00:29:29,960 Speaker 3: grab it, because who wouldn't trust the goober. This says 481 00:29:30,000 --> 00:29:31,600 Speaker 3: grab the buggy, it'll be a good thing. 482 00:29:32,240 --> 00:29:36,440 Speaker 4: The text line says that three three one oh three 483 00:29:37,080 --> 00:29:38,800 Speaker 4: shopping cart buggy. 484 00:29:39,200 --> 00:29:40,080 Speaker 2: Oh a shopping cart? 485 00:29:40,160 --> 00:29:44,200 Speaker 4: Yeah sure, I mean in the previous show, ros Kyminski 486 00:29:44,280 --> 00:29:47,640 Speaker 4: on the news, we were talking about all the coming 487 00:29:47,720 --> 00:29:50,520 Speaker 4: to Colorado and they have a system where you have 488 00:29:50,560 --> 00:29:53,040 Speaker 4: to pay for the shopping car. 489 00:29:53,160 --> 00:29:55,040 Speaker 3: Oh you put like the quarter in exactly do you 490 00:29:55,040 --> 00:29:56,600 Speaker 3: get the quarterback when you return it? 491 00:29:57,080 --> 00:30:00,280 Speaker 2: Yeah? So that maybe, but we weren't talking about that. 492 00:30:00,480 --> 00:30:02,280 Speaker 2: We're talking about that, Okay. 493 00:30:02,440 --> 00:30:06,000 Speaker 3: I suppose that is fascinating because there was so much 494 00:30:06,160 --> 00:30:11,520 Speaker 3: coverage yesterday about Aldie as if. I'm all for Don't 495 00:30:11,560 --> 00:30:14,200 Speaker 3: get me wrong, I'm all for the competition. I've been 496 00:30:14,240 --> 00:30:17,120 Speaker 3: in Aldies before. That's great. I was glad when Trader 497 00:30:17,240 --> 00:30:19,560 Speaker 3: Joe's came. Uh. I get a kick out of the 498 00:30:19,640 --> 00:30:24,160 Speaker 3: natural grocers uh commercials. I think they're hilarious. I think 499 00:30:24,200 --> 00:30:28,560 Speaker 3: competition might bring down prices temporarily and then I'll go 500 00:30:28,720 --> 00:30:30,960 Speaker 3: right back up. But I just can't believe that. I 501 00:30:31,240 --> 00:30:33,720 Speaker 3: you know, next door, all of these social media everywhere 502 00:30:33,760 --> 00:30:36,800 Speaker 3: you looked at all about all everybody's were gasmic. 503 00:30:36,480 --> 00:30:40,040 Speaker 4: Over and the fact that there's been no permits, Poulder anything, 504 00:30:40,400 --> 00:30:42,280 Speaker 4: There's nothing or not even. 505 00:30:42,160 --> 00:30:42,840 Speaker 2: Any like it. 506 00:30:43,560 --> 00:30:45,600 Speaker 3: Whole speculation. Are they gonna build the where are they 507 00:30:45,600 --> 00:30:50,560 Speaker 3: gonna build? Absolutely, They're gonna build them in Sterling, Yuma, Pueblo, 508 00:30:50,800 --> 00:30:55,680 Speaker 3: rocky Ford, tell your ride, Nah, Durango, Uh, Grand Junction, 509 00:30:56,040 --> 00:30:56,840 Speaker 3: England Wood. 510 00:30:56,640 --> 00:30:59,920 Speaker 2: Springs, not a one up right. 511 00:31:02,960 --> 00:31:05,640 Speaker 3: The renovations at the Federal Reserve I wanted to double 512 00:31:05,720 --> 00:31:11,400 Speaker 3: check on this, are not funded by taxpayer appropriations, not 513 00:31:11,520 --> 00:31:13,520 Speaker 3: in the way that you know a typical executive branch 514 00:31:13,600 --> 00:31:17,000 Speaker 3: agency would be. They're paid out of Federal Reserve System's 515 00:31:17,040 --> 00:31:22,280 Speaker 3: own operating room, operating room, operating revenues, and that comes 516 00:31:22,320 --> 00:31:26,040 Speaker 3: from obviously interesting income on the securities that they hold 517 00:31:26,400 --> 00:31:29,160 Speaker 3: and the fees that they charge to the financial. 518 00:31:28,720 --> 00:31:30,960 Speaker 2: Institutions for all the transactions. 519 00:31:31,920 --> 00:31:36,760 Speaker 3: Congress does have oversight, They've got statutory oversight. They can 520 00:31:36,800 --> 00:31:40,200 Speaker 3: hold hearings, they can have the Government Accountability Office do 521 00:31:40,800 --> 00:31:44,000 Speaker 3: a review, and of course the Federal Reserve also has 522 00:31:44,000 --> 00:31:47,240 Speaker 3: an Inspector General, So the Inspector General could be looking 523 00:31:47,280 --> 00:31:51,640 Speaker 3: at the building and the cost overruns and whether it's 524 00:31:51,680 --> 00:31:54,440 Speaker 3: necessary or not necessary, and they could make a report 525 00:31:54,440 --> 00:32:02,040 Speaker 3: on that. So there is no direct taxpayer funding. I 526 00:32:02,120 --> 00:32:05,480 Speaker 3: say no direct because indirectly somebody's paying that interest in 527 00:32:06,120 --> 00:32:09,480 Speaker 3: you know, we pay interests on notes and stuff. Now, 528 00:32:09,520 --> 00:32:13,720 Speaker 3: under the Federal Reserve Act, Congress vested the Board of 529 00:32:13,760 --> 00:32:17,840 Speaker 3: Governors with control over its own buildings and quote the 530 00:32:17,880 --> 00:32:22,160 Speaker 3: responsibility and authority to determine all of its expenses and obligations. 531 00:32:22,440 --> 00:32:26,680 Speaker 3: So I think that would cover renovation and construction projects 532 00:32:26,720 --> 00:32:31,000 Speaker 3: at the DC facilities. And I would also assume that 533 00:32:31,080 --> 00:32:35,040 Speaker 3: because of that statutory delegation, the FED does not go 534 00:32:35,680 --> 00:32:39,200 Speaker 3: through the Office of Management and Budgets Capital budget process, 535 00:32:40,000 --> 00:32:42,000 Speaker 3: all of which I've been through, you know, when we 536 00:32:42,000 --> 00:32:45,840 Speaker 3: were trying to build buildings around the country, and it's 537 00:32:45,880 --> 00:32:49,600 Speaker 3: not subject to the same pre approval mechanisms that would 538 00:32:49,600 --> 00:32:54,240 Speaker 3: bind you know, an outfit like the Department of Homeland Security. Well, 539 00:32:54,400 --> 00:32:57,040 Speaker 3: I need to check on the status of that. We 540 00:32:57,080 --> 00:33:02,520 Speaker 3: bought the old Saint Elizabeths Hospital where Mark David Chapman, 541 00:33:02,680 --> 00:33:06,800 Speaker 3: the Reagan shooter, was housed for a while. We bought 542 00:33:06,840 --> 00:33:09,720 Speaker 3: that property overlooking the Anacostia River. Oh, they were going 543 00:33:09,760 --> 00:33:12,320 Speaker 3: to build this humongous giant and larger than the Pentagon. 544 00:33:12,600 --> 00:33:14,360 Speaker 3: What a waste of money, but that's what they were 545 00:33:14,360 --> 00:33:16,680 Speaker 3: going to do. I wonder what's happened to that. I 546 00:33:16,720 --> 00:33:17,600 Speaker 3: need to check that out.