WEBVTT - Data Centers 0:00:00.120 --> 0:00:03.760 It is the Jesse Kelly Show. Another hour of the 0:00:03.880 --> 0:00:07.720 Jesse Kelly Show on a fantastic Monday. A half hour 0:00:07.720 --> 0:00:10.399 from now. Tiana Desher is joining us to talk a 0:00:10.440 --> 0:00:13.320 little economic stuff. We get the emails in ten minutes, 0:00:13.360 --> 0:00:15.440 and there's so much stuff to get to you still in 0:00:15.480 --> 0:00:19.160 the show. But you know what time it is. It's 0:00:19.200 --> 0:00:22.080 the start of hour two on a Monday, and that 0:00:22.200 --> 0:00:27.120 means it's Medal of Honor Monday time. Every Monday we 0:00:27.200 --> 0:00:29.400 do the exact same thing. Just take a Medal of 0:00:29.440 --> 0:00:32.040 Honor citation and read it. Maybe talk a little bit 0:00:32.560 --> 0:00:36.440 about the circumstances and battle and whatnot, but just read it. 0:00:37.479 --> 0:00:42.280 Remembering heroes is important for a country. Every country on 0:00:42.360 --> 0:00:46.879 Earth has known that we don't do it enough. Well, 0:00:46.920 --> 0:00:49.480 I don't do it enough. We should be talking about 0:00:49.520 --> 0:00:52.800 these men and their deeds, holding them up in front 0:00:52.800 --> 0:00:56.480 of the next generation. And remember you can email your love, 0:00:56.640 --> 0:00:59.640 hate and death threats, and you can email metal of 0:00:59.680 --> 0:01:02.680 honors you like or have some relation to, or something 0:01:02.720 --> 0:01:04.920 like that like this. When this guy said, hey, jar Head, 0:01:05.160 --> 0:01:08.840 and I say that with the utmost respect, I couldn't 0:01:08.880 --> 0:01:12.919 find this guy's name on your website. At five foot five, 0:01:13.160 --> 0:01:16.800 one hundred and forty pounds. He laughed at a German 0:01:16.880 --> 0:01:21.280 officer who put his machine guns muzzle into funks that's 0:01:21.319 --> 0:01:24.600 his name stomach, and then took his Thompson off his 0:01:24.720 --> 0:01:28.240 shoulder and directed four guys who were about to be 0:01:28.360 --> 0:01:31.840 executed to grab guns and help. Then killed more than 0:01:31.880 --> 0:01:34.960 half of the ninety Germans around him. It's a good stories. 0:01:35.200 --> 0:01:38.480 What in the world did he do well? Without further ado, 0:01:38.560 --> 0:01:41.480 let's read the Battle of Honor citation for a Leonard 0:01:41.680 --> 0:01:45.639 Alfred Funk, Junior. He was twenty nine at the time, 0:01:45.920 --> 0:01:49.840 born in Braddock Township, Pennsylvania, and this took place in 0:01:49.920 --> 0:01:55.320 World War two in Belgium. Hey honoring those who went 0:01:55.400 --> 0:02:05.400 above and beyond. It's Medal of Honor Monday. He distinguished 0:02:05.480 --> 0:02:09.720 himself by gallant, intrepid actions against the enemy. After advancing 0:02:09.800 --> 0:02:13.960 fifteen miles in a driving snowstorm, the American force prepared 0:02:14.000 --> 0:02:18.680 to attack through waste deep drifts. The company executive officer 0:02:18.720 --> 0:02:23.520 became a casualty, and First Sergeant Funk immediately assumed his duties, 0:02:23.880 --> 0:02:27.840 forming headquarters soldiers into a combat unit for an assault 0:02:27.919 --> 0:02:31.840 in the face of direct artillery shelling and harassing fire. 0:02:31.919 --> 0:02:36.600 From the right flank. Under his skillful and courageous leadership, 0:02:36.800 --> 0:02:42.040 this miscellaneous group and the third platoon attacked fifteen houses, 0:02:42.360 --> 0:02:45.920 cleared them, and took thirty prisoners without suffering a casualty. 0:02:46.639 --> 0:02:51.400 The fierce drive of Company C quickly overran Holdsheim That's 0:02:51.400 --> 0:02:54.880 where it took place, Belgium, netting some eighty prisoners who 0:02:54.919 --> 0:02:57.960 were placed under a four man guard all that could 0:02:57.960 --> 0:03:00.800 be spared. While the rest of the under strength unit 0:03:00.880 --> 0:03:05.120 went about mopping up isolated points of resistance. An enemy 0:03:05.160 --> 0:03:09.280 patrol by means of a ruse succeeded in capturing the 0:03:09.320 --> 0:03:13.120 guards and freeing the prisoners, and had begun preparations to 0:03:13.200 --> 0:03:17.000 attack SA Company from the rear when First Sergeant Funk 0:03:17.200 --> 0:03:20.480 walked around the building and into their midst he was 0:03:20.600 --> 0:03:23.320 ordered to surrender by a German officer, who pushed a 0:03:23.360 --> 0:03:28.280 machine pistol into his stomach. Although overwhelmingly outnumbered and facing 0:03:28.360 --> 0:03:32.880 almost certain death, First Sergeant Funk, pretending to comply with 0:03:32.960 --> 0:03:37.720 the order, began slowly to unsling his submachine gun from 0:03:37.760 --> 0:03:42.080 his shoulder, and then, with lightning motion, brought the muzzle 0:03:42.200 --> 0:03:46.600 into line and riddled the German officer. He turned upon 0:03:46.640 --> 0:03:50.040 the other Germans firing and shouting to the other Americans 0:03:50.040 --> 0:03:53.920 to seize the enemy's weapons, and the ensuing fight, twenty 0:03:54.000 --> 0:03:57.840 one Germans were killed, many wounded, and the remainder captured. 0:03:58.520 --> 0:04:02.480 First Sergeant Funk's old action and heroic disregard for his 0:04:02.520 --> 0:04:06.240 own safety were directly responsible for the recapture of a 0:04:06.360 --> 0:04:10.680 vastly superior enemy force, which, if allowed to remain free, 0:04:11.040 --> 0:04:14.000 could have taken the widespread units of companies see by 0:04:14.040 --> 0:04:20.520 surprise and endangered the entire attack plan. Not too shabby, right, 0:04:21.680 --> 0:04:25.719 And this one's not a medal of honor, but someone 0:04:25.800 --> 0:04:28.160 emailed it in and Jewish producer Chris asked me if 0:04:28.200 --> 0:04:31.479 I wanted to read it, And I know this guy's story, 0:04:32.080 --> 0:04:35.160 so I did want to read it. Here it is 0:04:36.839 --> 0:04:43.360 Cyril Richard Rick Riscorla. He was born in Cornwall, England 0:04:43.440 --> 0:04:47.000 in nineteen thirty nine. He immigrated to the United States 0:04:47.040 --> 0:04:50.520 in the early nineteen sixties and joined the active Army. 0:04:50.960 --> 0:04:54.400 Became a second platoon leader of the seventh Cavalry, went 0:04:54.440 --> 0:04:57.400 to Vietnam, became a battlefield legend in the Battle of 0:04:57.440 --> 0:05:00.279 i Drang Valley. You saw that in the movie. We 0:05:00.360 --> 0:05:03.120 were soldiers. Maybe you read the book we were soldiers 0:05:03.120 --> 0:05:06.719 once and young. Either way, that's a great movie. OCS 0:05:06.720 --> 0:05:10.520 Hall of Fame inductee, Silver Star, Bronze Star, Purple Heart, 0:05:10.600 --> 0:05:14.359 Vietnamese Cross of Gallantry. There's a statue of him, this 0:05:14.400 --> 0:05:19.240 guy says in Fort Benning. However, as a civilian working 0:05:19.279 --> 0:05:23.520 in the in private security in South Tower number two 0:05:23.880 --> 0:05:26.800 of the World Trade Center on nine to eleven, he 0:05:26.920 --> 0:05:31.400 successfully evacuated the two thousand, six hundred and ninety four 0:05:31.440 --> 0:05:35.400 employees that he was paid to protect. That's why almost 0:05:35.440 --> 0:05:39.679 nobody from Morgan Stanley died. It was because of this man. 0:05:40.360 --> 0:05:44.040 The port Authority squawk box came alive that day and 0:05:44.120 --> 0:05:47.440 told everybody in Tower two that the plane that hit 0:05:47.520 --> 0:05:51.120 Tower one was an accident. Please remain at your desks. 0:05:51.760 --> 0:05:54.479 But Rick said, no, it's not exactly what he said, 0:05:54.680 --> 0:05:59.279 and started his evacuation immediately. And good thing, because twenty 0:05:59.279 --> 0:06:02.800 to forty minutes later United Airlines Flight one seventy five 0:06:02.920 --> 0:06:06.320 hit the tower. His people were in. By that time, 0:06:06.440 --> 0:06:09.960 he had seventy percent of his people out. He got 0:06:10.000 --> 0:06:14.000 always people out, but true to his nature, he went 0:06:14.120 --> 0:06:17.640 back in knowing there were more people in, and shortly 0:06:17.720 --> 0:06:23.279 after the tower collapsed on him. I have known this 0:06:23.320 --> 0:06:26.279 story for a long time. Many people know this story. 0:06:26.400 --> 0:06:29.800 He even called his wife, who he dearly loved, at 0:06:29.800 --> 0:06:31.600 some point in it. If I remember the story right, 0:06:31.680 --> 0:06:35.760 At some point he called her and, without trying to 0:06:35.800 --> 0:06:37.880 freak her out, told her goodbye. You know hit this 0:06:38.720 --> 0:06:41.560 what a stud right, and you know what, it's a 0:06:41.640 --> 0:07:39.440 man who deserves some tabs rest in man gen Z 0:07:41.160 --> 0:07:48.120 embraces high risk gambling as economic future darkens. Survey finds 0:07:50.160 --> 0:07:51.960 I'm not going to read you all the nerdy details 0:07:52.000 --> 0:07:56.120 about this percentage of that percentage, but what's happening is 0:07:56.560 --> 0:08:01.640 the younger generations they're not socking any more away. They're 0:08:01.680 --> 0:08:07.320 gambling it instead. I just want to warn you it's 0:08:07.360 --> 0:08:09.520 not a look. I'm not gonna be your dad, I swear, 0:08:10.760 --> 0:08:14.200 and I've I've gambled before. I've told you before the 0:08:14.240 --> 0:08:18.880 story of young Jesse with a fake ID walking into 0:08:18.960 --> 0:08:22.000 Las Vegas as a young marine with six hundred dollars 0:08:22.000 --> 0:08:25.680 in my name, had never gambled in my life and 0:08:25.800 --> 0:08:30.120 walked out of Las Vegas without any money none. I 0:08:30.160 --> 0:08:32.240 will never forget that feeling as long as I live. 0:08:33.440 --> 0:08:36.640 But I've gambled since then. Not a lot. It's not 0:08:36.720 --> 0:08:39.680 something I'll do. But once a year I'll throw ten 0:08:39.679 --> 0:08:43.199 bucks on a game or aub and I every now 0:08:43.240 --> 0:08:45.199 and then. We're never in these places. But if we're 0:08:45.200 --> 0:08:47.199 in a place that has blackjack, like when we went 0:08:47.200 --> 0:08:50.319 to New Orleans there was blackjack, we'll sit down and 0:08:50.440 --> 0:08:52.760 throw a hundred bucks in there and see what we 0:08:52.800 --> 0:08:54.720 can do with it. And then when it's done with eve. 0:08:54.760 --> 0:08:57.240 So look, I'm not again, not trying to be your 0:08:57.240 --> 0:09:01.280 priest here, not talking down to anybody. I'm just going 0:09:01.360 --> 0:09:04.800 to give you this warning. I have had many friends 0:09:05.400 --> 0:09:10.880 who have walked down this gambling road and it does 0:09:10.920 --> 0:09:16.880 not end well. It does not end well because here's 0:09:16.920 --> 0:09:21.160 the thing about gambling. Almost without exception, I say almost 0:09:21.160 --> 0:09:23.240 because a guy like Elon Musk or someone like that 0:09:23.240 --> 0:09:27.720 could pull it off, but almost without exception, you can't 0:09:28.400 --> 0:09:31.760 find a limit on how much you can gamble. You 0:09:31.800 --> 0:09:34.280 get more money coming in, the bets just get bigger. 0:09:34.600 --> 0:09:36.960 You know, right now, maybe you're listening to me, Maybe 0:09:37.000 --> 0:09:40.920 you're doing a degenerate Corey sports gambling or something like that, 0:09:40.960 --> 0:09:43.080 and maybe it's you know, low scale like Corey does. 0:09:45.440 --> 0:09:50.840 It's five bucks today, twenty bucks tomorrow you get promoted 0:09:50.880 --> 0:09:55.160 at work, it's five hundred bucks soon. You haven't put 0:09:55.200 --> 0:09:59.400 any money away at all. I'm not telling you don't 0:09:59.440 --> 0:10:02.120 bet with your buddy on a football game. I'm not. 0:10:02.720 --> 0:10:06.720 I'm really really not. I'm warning you, though, you can 0:10:06.840 --> 0:10:11.040 walk down this gambling path. It's as damaging as drugs, 0:10:11.679 --> 0:10:14.839 as alcoholism. It blow up families. I've seen it. I've 0:10:14.880 --> 0:10:17.400 seen it blow up my friends' families before. They couldn't 0:10:17.400 --> 0:10:19.840 stay away from the tables, and she got tired of 0:10:19.880 --> 0:10:21.960 not being able to pay the bills because he was 0:10:21.960 --> 0:10:26.000 blowing all their money. Just be careful, okay, be careful, 0:10:26.559 --> 0:10:29.800 and if you can't control your vices, cut them off. 0:10:30.080 --> 0:10:31.840 If you can't keep it at twenty bucks for a 0:10:31.840 --> 0:10:35.280 couple of games, cut yourself off completely. If you can, 0:10:35.600 --> 0:10:39.280 fine whatever, have a good time. But that's all I'm 0:10:39.280 --> 0:10:42.000 gonna say. All Right, we still have to get to 0:10:42.080 --> 0:10:47.040 these communists saying stealing, stealing shouldn't be illegal. That's gonna 0:10:47.040 --> 0:10:49.120 be apparently a new thing they do. We have to 0:10:49.120 --> 0:10:52.880 get to emails. They're foreigners killing people on the road. 0:10:53.040 --> 0:10:56.720 A lot begneficit. Monday. We just did Medal of honor Monday, Remember, 0:10:56.760 --> 0:11:01.480 you can email the show Jesse at Jesse Kalishow dot com, 0:11:01.520 --> 0:11:03.640 your love, your hate, your death threats. I'm gonna get 0:11:03.679 --> 0:11:06.880 to that in a second. Remember that Tiana Drescher is 0:11:06.920 --> 0:11:09.480 going to join us about ten minutes from now. I'm 0:11:09.480 --> 0:11:12.800 gonna talk about some economic things. She's real sharp on that. 0:11:12.920 --> 0:11:14.800 Where are we at, where are we going? What's the good, 0:11:14.840 --> 0:11:16.760 what's the bad. She'll give it to us. Let's do 0:11:16.880 --> 0:11:19.720 some of those emails now. Dear mister Tall, I have 0:11:19.760 --> 0:11:23.800 a major problem. My older brother, whom I love dearly, 0:11:24.240 --> 0:11:28.440 has become my liberal aunt Peggy. He sends me leftis boloney, 0:11:28.800 --> 0:11:33.080 some of it incredibly vile accusations against mister Trump, and 0:11:33.160 --> 0:11:36.240 will not listen to anything I send him. So I 0:11:36.280 --> 0:11:38.640 have told him I will no longer respond to his 0:11:38.679 --> 0:11:42.360 political posts. He lives in Seattle, and he said, yep, 0:11:42.400 --> 0:11:45.559 that's the problem, and I live in glorious free Florida. 0:11:46.280 --> 0:11:49.680 I cannot block him. He's seventy eight, and he stays 0:11:49.679 --> 0:11:52.960 in contact with my old other older brothers, so I 0:11:52.960 --> 0:12:00.920 can know what's going on. Any advice, well, One, you 0:12:00.960 --> 0:12:06.360 don't ever need to stop loving your brother. Two. I 0:12:06.400 --> 0:12:08.320 sat down and talked to somebody. I had breakfast with 0:12:08.360 --> 0:12:11.440 somebody recently. I won't get into it, but older guy 0:12:11.480 --> 0:12:13.800 and I was seeking some counsel on something, as we 0:12:13.840 --> 0:12:15.920 all need to seek out counsel from time to time, 0:12:17.240 --> 0:12:19.839 and it was about this person in my life who 0:12:19.880 --> 0:12:27.400 I love, but it's really bad right now. And he said, listen, 0:12:28.600 --> 0:12:31.840 you always want to love him, you will always love him, 0:12:32.840 --> 0:12:36.720 but not everybody in your life, even the ones you love, 0:12:37.800 --> 0:12:42.080 deserve to sit down at your table. If your brother 0:12:42.960 --> 0:12:47.600 will not respect your wishes and stop sending you these things, 0:12:48.200 --> 0:12:50.600 cut him off. Cut him off. 0:12:51.200 --> 0:12:51.360 Now. 0:12:51.600 --> 0:12:54.160 I suspect he will respect your wishes because you say 0:12:54.160 --> 0:12:57.840 you love him. I'm assuming he loves you. But that's 0:12:57.880 --> 0:13:02.560 an easy request. The problem is this, and I'm sorry 0:13:02.600 --> 0:13:04.120 because I know what's your brother, and I know this 0:13:04.200 --> 0:13:08.520 kind of stuff hurts. Remember that communism is deeply, deeply evil, 0:13:09.400 --> 0:13:11.920 and the reason so many of these people can't turn 0:13:11.960 --> 0:13:15.720 it off is these are demonic impulses they can't control. 0:13:17.120 --> 0:13:19.520 I've told you about the one couple in particular I 0:13:19.559 --> 0:13:21.560 can think of in my neighborhood. When I first moved 0:13:21.600 --> 0:13:23.520 to my neighborhood. Gosh, I don't know how long ago, 0:13:23.600 --> 0:13:26.400 ten years ago something. When I first moved to my neighborhood, 0:13:26.920 --> 0:13:31.120 there was one Democrat couple in the neighborhood. They used 0:13:31.160 --> 0:13:33.080 to show up at all the neighborhood events, you know, 0:13:33.080 --> 0:13:34.959 the kids would get a water slide, or we'd have 0:13:35.000 --> 0:13:38.600 a cornhole tournament or something like that. They haven't been 0:13:38.640 --> 0:13:43.480 invited to any events in years years. Why they could 0:13:43.520 --> 0:13:46.800 not control themselves when they showed up at the event. 0:13:47.080 --> 0:13:49.880 Everyone else wanted to talk about kids and life and 0:13:50.000 --> 0:13:53.000 cars in college and everything else under the sun. And 0:13:53.080 --> 0:13:57.080 they'd show up screaming about Donald Trump and immediate just 0:13:57.200 --> 0:14:00.640 they they couldn't control it, even when we tell them, 0:14:00.720 --> 0:14:03.200 because it got to the point where people would tell him, man, 0:14:03.240 --> 0:14:05.840 I don't want to talk about that. It's Sunday. We 0:14:05.920 --> 0:14:07.000 just got back from church. 0:14:07.040 --> 0:14:07.840 Everyone's relaxed. 0:14:07.880 --> 0:14:10.720 I don't want to talk. People would practically beg them 0:14:10.720 --> 0:14:14.280 to stop. They could not stop, so they got cut off. 0:14:14.520 --> 0:14:18.280 You know what happened, Parties were a lot better. They were. 0:14:19.320 --> 0:14:22.000 If you have somebody in your life who cannot control 0:14:22.040 --> 0:14:25.040 their demonic impulses, you've got to cut them off. Doesn't 0:14:25.080 --> 0:14:27.240 mean you stop loving them, doesn't mean you're not ready 0:14:27.240 --> 0:14:30.360 at any moment to welcome them back. I certainly am. 0:14:30.480 --> 0:14:34.480 Any moment you've got to cut him off for your 0:14:34.480 --> 0:14:39.720 own sake, Jesse, knowing your friendship with Don Junior, why 0:14:39.760 --> 0:14:42.960 haven't you had President Trump on your show? I'm sure 0:14:43.000 --> 0:14:45.400 he and his staff listen to your show, but it 0:14:45.440 --> 0:14:48.240 would be a great opportunity to tell him directly yours 0:14:48.280 --> 0:14:52.400 and our concerns. I'm sure Don Junior can arrange it. 0:14:52.600 --> 0:14:55.120 Plus the hate listeners heads will explode. That will be 0:14:55.160 --> 0:14:57.800 great in and of itself, just the thoughts as I 0:14:57.840 --> 0:15:01.080 can say his name, His name is Steve Okay, So yeah, 0:15:01.080 --> 0:15:03.960 I do know Don Junior. Why haven't I hit him up? 0:15:04.000 --> 0:15:04.200 Hey? 0:15:04.680 --> 0:15:10.720 Hook me up with the dad? Well, couple things first. 0:15:12.440 --> 0:15:15.080 You know that I like Trump. I do, But you 0:15:15.160 --> 0:15:18.640 also are aware that I'm willing to be critical when 0:15:18.640 --> 0:15:21.520 I dislike something. I know because I get your angry 0:15:21.560 --> 0:15:23.280 emails about it. But I'm never going to stop when 0:15:23.320 --> 0:15:25.760 I dislike something from jd Vance. I'm going to be critical. 0:15:25.800 --> 0:15:28.280 When I dislike something, I'm going to be critical of it, 0:15:29.480 --> 0:15:34.720 and I worry that it would make me hipocritical if 0:15:34.720 --> 0:15:37.040 I then beg to have him on my show. You 0:15:37.080 --> 0:15:40.400 know me in the fellas, we were invited actually to 0:15:40.440 --> 0:15:43.360 the White House, remember, to broadcast from the White House. Hey, 0:15:43.400 --> 0:15:45.600 you can come. They did this big event where people 0:15:45.640 --> 0:15:48.320 could go broadcast in the White House, and Chris really 0:15:48.320 --> 0:15:50.120 wanted to go because it would be pretty cool, right. 0:15:51.080 --> 0:15:52.600 I didn't feel right about it, so I said, no, 0:15:54.400 --> 0:15:56.360 it didn't feel right to me. Is I hope that? 0:15:56.440 --> 0:16:00.240 I hope that makes sense? That's one two. You know 0:16:00.280 --> 0:16:04.320 what I don't like to do. Well, let me put 0:16:04.320 --> 0:16:08.760 it this way, Donald Trump Junior, do you have any 0:16:08.800 --> 0:16:14.200 idea how many people in and around his life have 0:16:14.400 --> 0:16:17.520 tried to use him to get some kind of an 0:16:17.560 --> 0:16:22.040 audience with his father. You have any idea? It's got 0:16:22.080 --> 0:16:24.880 to be endless. Hey, can you tell your dad? Hey? 0:16:24.880 --> 0:16:27.120 Will you tell your dad? Hey, I'd love to talk 0:16:27.160 --> 0:16:30.000 to your dad. Hey, can I do? It has to 0:16:30.080 --> 0:16:33.920 be twenty four hours a day, seven days a week. 0:16:34.360 --> 0:16:37.360 He's got to be fighting people off who are trying 0:16:37.400 --> 0:16:40.600 to use their access to him to get access to 0:16:40.640 --> 0:16:45.440 the most powerful person on the planet. I can't participate 0:16:45.480 --> 0:16:49.600 in that. I can't be part of that. How am 0:16:49.640 --> 0:16:51.520 I supposed to? How am I supposed I would never 0:16:51.800 --> 0:16:55.080 I would never dream of it, just for how gross 0:16:55.160 --> 0:16:58.400 that would feel. Doing it all right, I'm not saying 0:16:58.400 --> 0:17:01.000 we'll never have Donald Trump on the show. And honestly, 0:17:01.040 --> 0:17:02.880 if his people reached out, what am I gonna say 0:17:02.880 --> 0:17:05.800 no to the freaking president of the United States of America. No, 0:17:05.960 --> 0:17:09.360 obviously he can come on. It's fine. Obviously his airwife 0:17:09.640 --> 0:17:13.360 go ahead. But now I'm not gonna ask his son. 0:17:13.440 --> 0:17:18.560 All right, Tiana Low, Tianna Low Dresser, sorry, she got married. 0:17:19.160 --> 0:17:21.679 We're gonna ask her some economic things. Next it is 0:17:22.000 --> 0:17:26.680 the Jesse Kelly Joe on a Magnificent Monday. I mean, 0:17:26.720 --> 0:17:29.120 I say that, but Tiana's probably about to just dump 0:17:29.160 --> 0:17:32.760 all over the whole thing because you know, Washington Examiner 0:17:32.960 --> 0:17:36.880 economics columnists. So she's gonna tell us just how bad 0:17:36.920 --> 0:17:40.840 things are. Joining me now, my friend, Tianna Dresser, Tiana, 0:17:41.840 --> 0:17:45.800 the economy. I keep seeing stock market records in stock 0:17:45.840 --> 0:17:48.920 market records, and then I see jobless in jobless and 0:17:49.040 --> 0:17:50.760 jobless what's reality? 0:17:53.040 --> 0:17:56.000 Yeah, I mean, look, the economy is a fall of 0:17:56.080 --> 0:18:00.760 contradictions right now. So it's true, equities are trading at 0:18:00.760 --> 0:18:04.240 all time highs and we very much have a growth 0:18:04.320 --> 0:18:09.159 powered economy, right it's all ai. American manufacturing is back 0:18:09.240 --> 0:18:11.560 and it's because of the data centers. You know, like 0:18:11.600 --> 0:18:14.000 the biggest myth that's that the Chinese are doing pretty 0:18:14.040 --> 0:18:16.520 well a thing. The data centers are taking your water. No, 0:18:16.600 --> 0:18:19.240 they aren't. The whole reason why the economy is Jane 0:18:19.240 --> 0:18:22.320 as wells is is because of AI and these data 0:18:22.320 --> 0:18:25.879 centers and these hyperscalers. On the other hand, inflation is 0:18:25.880 --> 0:18:29.679 still a problem. Ran war is still walking up some supply. 0:18:30.440 --> 0:18:33.320 And the biggest, the biggest milestone that you and I 0:18:33.359 --> 0:18:35.520 can look forward tough hitting is we're on the cost 0:18:35.600 --> 0:18:38.720 of the national debt hitting forty trillion dollars and the 0:18:38.760 --> 0:18:42.359 bond markets are throwing an absolute fit. We aught we've 0:18:42.480 --> 0:18:46.760 reached the point of unsustainability in terms of the deficit explosion, 0:18:47.440 --> 0:18:50.479 and now it's becoming much more expensive to finance our 0:18:50.560 --> 0:18:52.399 national debt. And Jesse, you know why this matters to 0:18:52.440 --> 0:18:55.880 you and me because that is what determines how much 0:18:56.000 --> 0:18:58.840 you pay for your mortgage. The thirty year fixed mortgage 0:18:58.960 --> 0:19:01.760 is just downstream of how much investors pay for treasure 0:19:01.760 --> 0:19:03.600 elite for treasure yields. 0:19:04.400 --> 0:19:07.320 Tiana, again, we're speaking with Tiana Dasher, who's making us 0:19:07.359 --> 0:19:10.560 a lot smarter economically. Let's let's do a little one 0:19:10.600 --> 0:19:14.159 oh one stuff talk about this bond market. But a 0:19:14.200 --> 0:19:16.720 lot of people don't understand what these things are because 0:19:16.720 --> 0:19:18.520 they didn't go to usc explain. 0:19:20.520 --> 0:19:25.880 Okay, so last month the federal government spent four hundred 0:19:25.960 --> 0:19:28.239 spent four hundred billion dollars more than it took in. 0:19:28.760 --> 0:19:31.160 So how does it get that money? It doesn't disappear 0:19:31.200 --> 0:19:33.040 out of thin air, right. Instead, they have to sell 0:19:33.119 --> 0:19:36.879 iouse in the open market, and they can choose the 0:19:36.960 --> 0:19:40.320 length of the IOUs. They could do thirty year io IOUs, 0:19:40.400 --> 0:19:44.520 ten year IOUs. But obviously the longer the IOU, the 0:19:44.640 --> 0:19:49.040 higher an interest rate used to pay out. So last week, 0:19:49.520 --> 0:19:54.000 one of the Treasury auctions for these long term IOUs 0:19:54.720 --> 0:19:59.440 it was the highest interest rate in twenty five years. 0:20:00.080 --> 0:20:03.240 So what that's saying that investors do not trust the 0:20:03.359 --> 0:20:07.000 United States government's ability to pay back debt, and so 0:20:07.119 --> 0:20:10.760 what happens from their banks when they're setting mortgage ry 0:20:11.359 --> 0:20:14.120 are pretty much just looking at the thirty year Treasury. 0:20:14.440 --> 0:20:17.200 So when you see the lines of oh, mortgage rates 0:20:17.240 --> 0:20:20.040 are going back up. This is why because Washington spends 0:20:20.080 --> 0:20:23.000 too much money and Jesse, you and I both have 0:20:23.800 --> 0:20:26.639 You and I both are lone voices calling out to 0:20:26.680 --> 0:20:29.600 the void talking about things like entitlement reform, things like 0:20:29.720 --> 0:20:33.680 raising the Social Security age, things like touching medicare, Medicaid. 0:20:34.280 --> 0:20:37.400 And remember how when one big beautiful bill is being passed, 0:20:37.440 --> 0:20:41.560 everyone's like, oh, we're slashing medicaid spending. We wish we 0:20:41.600 --> 0:20:45.600 were splashing, we wish we were slashing medicaid spending, but 0:20:45.760 --> 0:20:49.080 we weren't, just relative to what the projection was, which 0:20:49.160 --> 0:20:51.639 was even more insane than it is right now. And 0:20:51.720 --> 0:20:54.520 so that is why. Basically, it's because the government has 0:20:54.560 --> 0:20:58.120 to keep on taking out new debt. It needs new dollars. 0:20:58.520 --> 0:21:01.120 Not only is it increasing the interest rates you pay 0:21:01.160 --> 0:21:03.960 on everything, but especially mortgages. Also you know, to a 0:21:04.040 --> 0:21:07.359 lesser extent credit card builds, auto loans, whatever. But also 0:21:07.400 --> 0:21:09.919 it's sprouting out the investment that should be going to 0:21:09.960 --> 0:21:13.400 other places. Every dollar that's going to the federal government 0:21:13.880 --> 0:21:16.320 is not going to a hyperscaler. It's not going to 0:21:16.359 --> 0:21:17.399 do private businesses. 0:21:19.359 --> 0:21:23.679 Sianna. Okay, So walk me through this. If if seventy 0:21:23.720 --> 0:21:28.040 five percent roughly of our budget is the military, Medicare, Medicaid, 0:21:28.080 --> 0:21:31.000 social security, and that's rough. But if roughly seventy five 0:21:31.040 --> 0:21:35.000 percent of our budget is that and those programs really 0:21:35.480 --> 0:21:37.760 can't be touched. I mean, it doesn't look like there's 0:21:37.800 --> 0:21:41.600 any intention to touch them. Then is there anything I 0:21:41.640 --> 0:21:44.520 hate to even ask it in that twenty five percent 0:21:44.760 --> 0:21:46.399 we could maybe start getting rid. 0:21:46.280 --> 0:21:49.920 Of I mean not really. And this is why, you know, 0:21:50.200 --> 0:21:53.560 when Republicans went up through USAID, it was a good 0:21:53.640 --> 0:21:55.639 thing to do to clean house because there was a 0:21:55.640 --> 0:21:58.680 lot of USAID that was just going to George Soros 0:21:58.800 --> 0:22:02.040 projects and you trans Glautamal and kids and all that, 0:22:02.320 --> 0:22:04.879 but it didn't really make a debt in terms of 0:22:04.880 --> 0:22:08.879 the debt, right, So really all it I mean, and 0:22:08.920 --> 0:22:12.760 also you mentioned defense, Defense is barely part of it, right. 0:22:13.280 --> 0:22:17.679 We spend less than a trillion dollars on defense. We 0:22:17.840 --> 0:22:21.840 spend you know, four point five trillion on that mandatory spending, 0:22:21.880 --> 0:22:26.240 which are entitlements. So and as a share of GDP, 0:22:26.520 --> 0:22:30.000 we spend less on defense now than we have in 0:22:30.320 --> 0:22:33.800 you know, twenty years. So that's actually a big problem, 0:22:33.840 --> 0:22:39.399 and it's why Trump wants to increase military spending. And ultimately, 0:22:39.800 --> 0:22:42.680 the only way this gets rectified is is either you 0:22:43.680 --> 0:22:47.639 you elect to reform Social Security and Medicare, or you 0:22:47.680 --> 0:22:51.560 wait until both programs hit insolvency come twenty thirty two 0:22:51.840 --> 0:22:56.200 or twenty thirty one, when Social Security becomes insolvent automatically. 0:22:56.200 --> 0:22:58.360 The way the law was written, there's a twenty four 0:22:58.400 --> 0:23:01.240 percent across the board benefit cut for every single Social 0:23:01.240 --> 0:23:04.600 Security recipient. So so the cut's coming whether or not 0:23:04.760 --> 0:23:07.280 people want it. It's just a matter of will we 0:23:07.400 --> 0:23:09.879 be forced into it or will be left to do 0:23:09.960 --> 0:23:10.919 it the nicer way? 0:23:11.640 --> 0:23:14.080 Okay, Well, you and I both know that there's not 0:23:14.920 --> 0:23:18.680 nobody in the has the guts inside Washington, DC to 0:23:18.680 --> 0:23:21.520 touch those at all. So I just want to clarify 0:23:21.560 --> 0:23:23.160 what you just said because I can see how many 0:23:23.160 --> 0:23:26.159 people are sitting up in their chairs. People want Social 0:23:26.200 --> 0:23:29.160 Security are about to have a twenty four percent reduction 0:23:29.320 --> 0:23:31.280 in their check in the year twenty thirty two. 0:23:32.400 --> 0:23:38.320 Yes, So whoever is president next after Trump, after this term, 0:23:38.359 --> 0:23:40.840 we'll be holding the ball and we'll have to figure out, Okay, 0:23:40.880 --> 0:23:43.520 how are you going to do it? And uncapped the 0:23:43.600 --> 0:23:46.520 payroll tax is not an option. It is not an 0:23:46.560 --> 0:23:50.240 option because if you want, these zoomers who already cannot 0:23:50.280 --> 0:23:53.680 afford homes already know they are not going to ever 0:23:53.720 --> 0:23:56.640 receive a diamond Social Security. If you say, not only 0:23:56.680 --> 0:23:58.639 do you need to pay into the current system, but 0:23:58.720 --> 0:24:01.640 we are going to increase your payroll taxes to fund 0:24:01.680 --> 0:24:04.800 the wealthiest generation history. They will riot. 0:24:07.359 --> 0:24:10.800 Okay, all right, Gianna, Let's let's focus on something that 0:24:10.840 --> 0:24:14.640 I think is positive. You mentioned AI in data centers. 0:24:15.119 --> 0:24:18.440 They're driving job growth right now, at least some kind 0:24:18.440 --> 0:24:21.760 of job growth. For who where are those jobs going? 0:24:21.760 --> 0:24:22.239 What is this? 0:24:23.400 --> 0:24:27.440 I mean, right now, the biggest pushes manufacturing you've seen 0:24:27.480 --> 0:24:30.240 white collar jobs are incorporating AI. 0:24:30.520 --> 0:24:30.720 Right. 0:24:31.000 --> 0:24:34.600 AI is a helpful research tool, helpful schedule organizing. I 0:24:34.640 --> 0:24:37.320 know AI helps I do my own writing, I do 0:24:37.400 --> 0:24:40.280 my own research, but AI helps me organize everything else, right, 0:24:40.320 --> 0:24:41.840 so I get so much more done now than I 0:24:41.880 --> 0:24:44.520