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Speaker 1: Do you want to be an American idiot?

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Speaker 2: Scott flowing back on seven hundred. Wow, mother nature will

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Speaker 2: not let it go holding a grudge like my mom.

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Speaker 2: Good lord, We'll let it go. It's over, it's done

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Speaker 2: with winter. Uh So five months on the sidelines. Now,

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Speaker 2: it has been five months since they canned Chief Teresa

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Speaker 2: Thiji from Cincinnati Police. Five months. Well, I shouldn't say it,

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Speaker 2: and she's she's on leave or whatever they call suspended,

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Speaker 2: but five months, come on, So her, this now exiled

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Speaker 2: woman is fighting back. Her attorney came out hot yesterday

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Speaker 2: calling this whole investigation a hatchet job, because this is

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Speaker 2: the third extension they've had for Frost Brown Todd to

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Speaker 2: do an investigation to find out why they fired someone

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Speaker 2: five months ago. Normally you have costs at the beginning,

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Speaker 2: not at the end. It's a cluster or waiting for

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Speaker 2: the report to come out in two weeks. So what's

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Speaker 2: the strategy here on that is a local attorney, former

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Speaker 2: defense attorney in private practice now and UH employment law

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Speaker 2: expert Jason Phillibum Jason, welcome, harre.

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Speaker 3: You, good morning, doing very well, thank you.

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Speaker 2: Yeah, So Fiji had been unpaid administry forin since October

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Speaker 2: of last year, so that's almost five months. I said.

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Speaker 2: Frost Brown Todd is doing the investigation. They've now extended it.

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Speaker 2: It's gonna be they're finally wrapping up, I guess at

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Speaker 2: the end of this month. So he got a couple

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Speaker 2: of weeks.

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Speaker 4: Uh.

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Speaker 2: Stephen m a very good employment lawyer, held a press

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Speaker 2: conference yesterday. He said the whole thing was a hatchet job,

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Speaker 2: and he warned the city uh that they're going to

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Speaker 2: move forward with a lawsuit. He claims that she was

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Speaker 2: usually a scapegoat during the election last fall, that violent

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Speaker 2: crime is actually up since she's removed, and no one's

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Speaker 2: saying that interim chief Henney should be let go, and

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Speaker 2: she wants her job back. And this is a classic

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Speaker 2: employment litigation pre positioning. And he's playing the game pretty well.

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Speaker 2: But let's begin with some of the more obvious questions

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Speaker 2: now that everyone's up to date on what's going on

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Speaker 2: with Terry Thiji. So the hatchet job comment before the

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Speaker 2: report's released, that is that smart? Does that risk alienating

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Speaker 2: a potential jury pool down the road? Is that the

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Speaker 2: right play?

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Speaker 5: It almost tells you that they think something bad is coming.

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Speaker 5: Because I thought it was pretty interesting that he would

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Speaker 5: come out. He would basically put one of their strongest

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Speaker 5: arguments up front, which is, hey, crime has gone up.

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Speaker 5: I mean quantitatively. It's just like fifty two deaths in

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Speaker 5: the first you know, two three months, where it was

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Speaker 5: only thirty two the year before. So there's a quantitative

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Speaker 5: number right here, and we're still investigating this woman and

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Speaker 5: that's wrong. So I think that's interesting because what it

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Speaker 5: allows is it's almost like the Supreme Court argument before

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Speaker 5: brief comes out, they all tell each other what they're

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Speaker 5: going to say, and then they write their descents ahead

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Speaker 5: of time. Its almost like he did that, and now

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Speaker 5: it almost gives the other side a chance to put

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Speaker 5: that number in in the report and say, yes, that's true.

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Speaker 5: But and then they explain it away. So I found

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Speaker 5: it interesting. I think it has some strategic value. But

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Speaker 5: I also think that it tells us that there's probably

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Speaker 5: a negative report coming.

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Speaker 2: Yeah, I would think so too. But but also can

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Speaker 2: the defect Can Steve im here play that, well, it

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Speaker 2: took you five months to final Why did it take

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Speaker 2: five months if you had all this stuff against her?

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Speaker 2: Why did we wait five months to do this? Why

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Speaker 2: didn't you build a case before you fired her and

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Speaker 2: then presented to her when she was terminated or at

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Speaker 2: least done leave.

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Speaker 4: Yeah.

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Speaker 5: First, the first thought that comes to my head is

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Speaker 5: that the old saying where you find me a person,

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Speaker 5: and I'll find you a crime.

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Speaker 2: Correct.

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Speaker 5: I mean some moost like that where they're they're now

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Speaker 5: searching and they're turning under you know, every stone looking

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Speaker 5: for something. And what bothers me is, yes, it takes

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Speaker 5: five months. They're just going to say we're being thorough,

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Speaker 5: we want to be very thorough, we want to make

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Speaker 5: sure we've talked to everybody. But I'm also again reading

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Speaker 5: the tea leaves, I'm guessing there's there's probably some policy

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Speaker 5: that she violated, or maybe not one that she violated,

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Speaker 5: something that she left you know, her her staff violate.

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Speaker 5: That's probably what it's going to come down to. But

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Speaker 5: you know that I've told people about this is look,

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Speaker 5: at the end of the day of police chief or crime.

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Speaker 5: In my opinion of twenty six years, crime happens because

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Speaker 5: the police chief is not you know, doing something correctly,

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Speaker 5: the judicial system is not enforcing.

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Speaker 3: Well, or you know, you're not hiring enough.

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Speaker 5: Because she only has control of one of those and

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Speaker 5: the one that she has control over. There's now statistics

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Speaker 5: from her attorney that the new interim police chief done

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Speaker 5: something that actually made crime go up. So the only

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Speaker 5: thing she had control about shows that the new guy

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Speaker 5: is actually not doing as well as her.

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Speaker 2: And you know, you mentioned that there's a pre coops

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Speaker 2: use that pretext all the time when they pull someone over.

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Speaker 2: They okay, you know, I think something's going on here.

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Speaker 2: They touched their wheel, touch the fog line, or uh,

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Speaker 2: you know, the third break light is out, or you

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Speaker 2: didn't see you to the signal too earlier to I mean,

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Speaker 2: they if they're going to pull you, they're going to

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Speaker 2: find a reason. Same thing here, we're gonna we're gonna

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Speaker 2: fire you and then find the reason why. But so

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Speaker 2: now it's what two weeks out before this report drops?

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Speaker 2: What is him actually trying to accomplish legally? Two weeks

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Speaker 2: before why now? Why yesterday?

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Speaker 3: I think he's probably trying to control the.

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Speaker 5: Narrative only because he's expecting a bad report. I mean,

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Speaker 5: some of the strongest arguments is that she was let

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Speaker 5: go two weeks before the election. There's a strong argument

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Speaker 5: that if the mayor would have lost the election and

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Speaker 5: the senior manager might have been out to because he

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Speaker 5: appoints it, then the city council approves her appointment. But

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Speaker 5: so there's a strong argument this was political. Someone had

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Speaker 5: to be the scapegoat or rising crime because that's something

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Speaker 5: that the elector they just they don't want to tolerate anymore.

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Speaker 5: So that's one thing. And then secondly, now that you're

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Speaker 5: getting ready to because once you file that lawsuit, then

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Speaker 5: you have to be very careful in what you say

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Speaker 5: because then courts get mad if you start talking when

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Speaker 5: there's a pending lawsuits. So it's almost like he use

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Speaker 5: his strongest argument now because as soon as the report

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Speaker 5: comes out, they're probably going to file something as soon

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Speaker 5: as possible, and then at that point he's going to

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Speaker 5: have to be a little bit more careful about what

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Speaker 5: he talks about.

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Speaker 2: Gotcha, he made the direct comparisons you did and how

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Speaker 2: Fiji was treated versus Chief Henny Interim Chief Henny. Why

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Speaker 2: is that comparison so important in this in a wrong

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Speaker 2: ful termination claim?

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Speaker 5: Well, I think there's a number of things you look

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Speaker 5: at when someone's treated differently, and one of them is

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Speaker 5: by gender. So was she treated differently than the male counterpart? Was,

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Speaker 5: you know, and then you go into things of that nature,

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Speaker 5: and then you have to again look at quantifiable numbers

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Speaker 5: because I'm guessing that you know, policies that were broken

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Speaker 5: here when they do a full investigation, they were probably

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Speaker 5: broken across you know, It's like anything like you said, driving,

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Speaker 5: I mean, how many people speed, you know, even if

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Speaker 5: it's one, two, three miles, Well, technically that's the violation

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Speaker 5: of the law. So I think you're going to find

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Speaker 5: some technical issues. And then the argument she's going to

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Speaker 5: bring up as we'll wait a second, I'm the only

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Speaker 5: one being mistreated, and I happen to be a female,

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Speaker 5: which is a protected class. All the men that came

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Speaker 5: before me and after me that were allowing the same thing,

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Speaker 5: they weren't treated that way, and so that's going to

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Speaker 5: be one of their strongest arguments for an employment.

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Speaker 3: You know, discrimination or something of that nature.

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Speaker 2: Does age factor in as well as sex.

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Speaker 3: It does.

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Speaker 5: Anyone over forty is a protected class too. But if

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Speaker 5: everyone that the police chief is over forty, then that

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Speaker 5: kind of negate that she's being treatedly different than maybe

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Speaker 5: another police sheef because I'm not aware of any that

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Speaker 5: have been under forty, So age is a protected class,

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Speaker 5: but I don't know that it would play that much

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Speaker 5: of it is because other police chiefs are probably around

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Speaker 5: her age as well.

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Speaker 2: Attorney Jason Phillibaum on the show explaining the intricacies of

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Speaker 2: yesterday's press comforts by Stephen m the attorney for interim

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Speaker 2: well a former former chief Terry Fiji. The interim is

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Speaker 2: Adam Henny and calling this whole instigation that's been going

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Speaker 2: on now for five months. They terminated essentially five months ago,

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Speaker 2: and now they're going to come up with a report

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Speaker 2: just about two weeks away that tells you why they

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Speaker 2: fired her in the first place. I think most people

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Speaker 2: look at that and go, okay, it sounds like a

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Speaker 2: hatchet job. So using those words, I think we're correct.

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Speaker 2: But he's setting the stage here, obviously positioning, prepositioning for

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Speaker 2: what's about to come out. He specifically tied her removal

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Speaker 2: to the timing of the election last October November. So

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Speaker 2: how hard is that to prove political motivation was the

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Speaker 2: real reason behind this move? And because it's it's you know,

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Speaker 2: if you throw something out there that you can't substantiate,

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Speaker 2: because only a fool, I have to have pure of

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Speaker 2: all is no fool would say yeah, of course as

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Speaker 2: political entirely. That's a whole separate incident and problems for

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Speaker 2: the city and in particular the mayor legally speaking, so

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Speaker 2: he can't confirm that. He just ignores it. So if

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Speaker 2: you throw something like that out, it kind of just

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Speaker 2: floats out there. That does that help him?

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Speaker 3: Yeah, it does.

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Speaker 5: It's like motive, motive and a murder case. You have

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Speaker 5: to prove why someone did what they did, but having

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Speaker 5: that information is just now extra flavor to the case.

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Speaker 5: That makes a lot worse sense. So when you go

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Speaker 5: into a trial on this you wrongful termination. Essentially, you're

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Speaker 5: going to claim that this was all political, and you

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Speaker 5: may not be able to prove that there's an email

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Speaker 5: going from the mayor to the city manager saying, hey,

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Speaker 5: get rid of her. But at the end of the day,

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Speaker 5: you're fighting for your political life, You're two weeks away

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Speaker 5: from an election, and you're let go when no one

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Speaker 5: else that's been inder the same situations and let go.

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Speaker 3: I think the argument is this is this.

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Speaker 5: Is political, and then whether or not the jury agrees

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Speaker 5: with that or not, it just kind of adds flavor

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Speaker 5: to Hey, who was this female treated differently than the

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Speaker 5: other males. And then you know, if I were the mayor,

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Speaker 5: I'd almost lean into it. I'd say, yes, it's political,

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Speaker 5: that's my job. My job is to make sure I

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Speaker 5: do what the people want me to do. People were

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Speaker 5: getting upset about crime, and so I replaced the police chief.

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Speaker 5: It's like, if you lean into it, you could try

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Speaker 5: to make an argument that yes, I'm doing what the

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Speaker 5: people want. You know, they want me to make sure,

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Speaker 5: you know, city is safe. So I don't know that.

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Speaker 5: If I were the city I would stay away from

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Speaker 5: that as much. But you know, at the end of

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Speaker 5: the day, I'm guessing. You know, the way politics are

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Speaker 5: and everyone hates politicians, they'll probably say, no, this is

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Speaker 5: because of a policy. But that's the other thing is

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Speaker 5: they didn't know about the policy until after the investigation.

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Speaker 5: That's the other strong argument that she's going to make

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Speaker 5: is a wait a second, You found that that I

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Speaker 5: touched that white line after the fact, Yeah, how can

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Speaker 5: that be used to justify my removal?

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Speaker 2: In October, Jason Philibum Terry cig signed a memo. There

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Speaker 2: was a memo that that said she serves at the

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Speaker 2: pleasure of the city manager. Does that does that undermine

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Speaker 2: her legal opinion.

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Speaker 5: Here, not necessarily, because everyone here in Ohio is at will,

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Speaker 5: which means you can be terminated for any reason. I

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Speaker 5: had a client called me up the other day that

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Speaker 5: thought their boss was being a jerk, and I had

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Speaker 5: to say, I'm sorry, but being a jerk is not

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Speaker 5: against the lall. Now, certain things that they may do

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Speaker 5: could rise to the level, but you know you're at will.

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Speaker 5: If they want to let you go because they don't

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Speaker 5: like you anymore, then theoretically they can. Now if they

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Speaker 5: let you go because you're the female in the office

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Speaker 5: and all the other men aren't being let go, now

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Speaker 5: you have an argument that you're being treated differently. So

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Speaker 5: in that particular case, the fact that you know the

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Speaker 5: city manager you serve with the pleasure, that's true, you're

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Speaker 5: at will. But at the end of the day, that

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Speaker 5: doesn't mean they can terminate you just because you know

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Speaker 5: of a protected class reason or something like that. So

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Speaker 5: if it's you know, I think if again, if they

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Speaker 5: leaned into it, if they just said we want to

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Speaker 5: make a change, we don't like the direction this is going,

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Speaker 5: and then they just made a change, I think they

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Speaker 5: would have almost a better situation.

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Speaker 3: Than if they went through this whole investigation.

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Speaker 5: Is now it looks like she's being treated differently than

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Speaker 5: the other males, and then that's going to be the

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Speaker 5: strongest argument that she makes when they get in the court.

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Speaker 2: Well, that whole at the pleasure thing. At the same time,

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Speaker 2: it goes the other way. That knife cuts both ways.

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Speaker 2: A city manager share long has the authority to fire

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Speaker 2: the chief without cause. So why go throughout five months

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Speaker 2: multi extended with three times extended investigation for this if

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Speaker 2: you could just fire her anyway.

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Speaker 5: Yeah, it's like, you know, going back to that murder

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Speaker 5: case where the spouse shoots the other one in self

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Speaker 5: defense and then instead of just calling the police and saying, hey,

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Speaker 5: I did it self defense, they start hiding the weapon,

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Speaker 5: they start cleaning up the and then all of a sudden,

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Speaker 5: you know, they're not going to believe that self defense

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Speaker 5: claim anymore.

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Speaker 3: So in this situation, if they just said I'm getting ready.

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Speaker 5: Because crime going up and that's not tolerable right now,

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Speaker 5: they would probably have a stronger case.

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Speaker 3: And oh, well, let's put you aside.

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Speaker 5: It's doing an investigation and now we're going to let Now,

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Speaker 5: now it's going to almost look like a cover up,

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Speaker 5: and that's what you end up running into when when

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Speaker 5: you get into corn is if they think trying to

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Speaker 5: hide something, then you're going to be not so trusted

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Speaker 5: and your reasoning won't be trusted either.

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Speaker 2: If the city fires are after this report comes out,

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Speaker 2: what claims you think Steven m files on her behalf wrong, coltrimination, defamation,

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Speaker 2: something else.

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Speaker 5: Yeah, I think those are gonna be the big claims

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Speaker 5: that they go after. I also think, you know, what

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Speaker 5: kind of investigation, whether or not that was fair, whether

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Speaker 5: or not anything was coerced. You might have some you know,

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Speaker 5: for example, she still may have friends in that police department,

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Speaker 5: and they may come to them and say that the investigation,

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Speaker 5: you know, they were using some pretty severe techniques to

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Speaker 5: try to get information, like you better tell us what's

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Speaker 5: going on.

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Speaker 3: We're gonna let you go too.

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Speaker 5: If those allegations come out, that could rise to another offense.

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Speaker 5: So I think the big ones is you're going to

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Speaker 5: see basically an employment as well as defamation, and then,

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Speaker 5: you know, whatever this report comes out, it'll be interesting

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Speaker 5: to see if if she still has some friends in

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Speaker 5: the department that come forward and sort of whistleblow on

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Speaker 5: the whistle blowers.

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Speaker 3: Yeah.

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Speaker 2: I think the other interesting element of this is if

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Speaker 2: this helps or hurts, or maybe it doesn't matter. I

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Speaker 2: don't know. So the city spent five months and had

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Speaker 2: a contract with Frost Brown Tide to investigate. They extended

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Speaker 2: a second time, extended it a third time to the

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Speaker 2: end of this month, and we think this is the

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Speaker 2: last one. They could extend it again. Who knows. Does

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Speaker 2: the length of that process help or hurt Terry Cig's case, I.

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Speaker 5: Think it helps because the argument is, you spent five

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Speaker 5: months reviewing my driving pattern and all you can do

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Speaker 5: is find one time when I touched the line are

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Speaker 5: you can think, or one time that I went five

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Speaker 5: miles over? I think I think that's the argument is

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Speaker 5: you're gonna you're taking so long and at the end

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Speaker 5: of the day, you were only able to find.

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Speaker 3: These the couple of things.

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Speaker 5: Now, the other argument, again trying to argue both sides,

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Speaker 5: is it might be so wrought with corruption that it

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Speaker 5: just took longer because one thing led to another and another.

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Speaker 5: And so it also depends on what comes out. If

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Speaker 5: two violations come out and it took five months to

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Speaker 5: find that, it's going to be a huge argument for her,

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Speaker 5: if there's fifty thousand violations that happened over a course

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Speaker 5: of her employment, then all of a sudden, it's like, well,

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Speaker 5: of course it's taken so long. They've had to investigate

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Speaker 5: every single complaint, every single rumor and everything like that.

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Speaker 5: And so I think, you know, what happens at the

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Speaker 5: end of this report will tell us whether that's je files.

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Speaker 2: I mean, if anything rise to criminal conduct and the

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Speaker 2: like that, it's like, well, who's overseeing the police department.

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Speaker 2: It's that's a city manager's office. You know, the more

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Speaker 2: they say, hey, she did all this stuff, doesn't that

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Speaker 2: also indict the city manager?

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Speaker 5: They can absolutely you know. You know one of the

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Speaker 5: biggest mistakes that police officers make is they run a

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Speaker 5: license plate for a friend, and that's a big no no,

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Speaker 5: that's a crime, and that gets a lot of people

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Speaker 5: into trouble. Well, if that's happening all over Cincinnati, then

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Speaker 5: then upper manage had the problem because they're not doing

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Speaker 5: anything to check that, right, and I think that would

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Speaker 5: then fall yes on the city manager. So there's another

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Speaker 5: double edged sword here, which is how how bad is

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Speaker 5: the alleged corruption they're looking at? Because it was really

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Speaker 5: bad then it goes all the way to the top. Yeah,

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Speaker 5: just past the you know, just.

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Speaker 2: How well, then it becomes political again. And the other

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Speaker 2: thing too is the communications. Internal communications are part of

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Speaker 2: Discovery praised her leadership at the same time they're building

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Speaker 2: a public case against her that seems pretty damaging.

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Speaker 5: Absolutely. I tell that to people all the time. You

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Speaker 5: got a perfect review and then three days later they

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Speaker 5: let you go because you're a bad employee.

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Speaker 3: That doesn't fly.

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Speaker 5: And so that's another thing that she's going to argue

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Speaker 5: is I've got great reviews up until two weeks before

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Speaker 5: the election, when all of a sudden, crime is on

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Speaker 5: the on the ballot, and then I get let go

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Speaker 5: of the scapegoat. That's gonna be another strong point that

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Speaker 5: she has to say that this is political, this is

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Speaker 5: a witch hunt. I am basically the scapegoat that we

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Speaker 5: need to you know, sure, we need time again.

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Speaker 3: Sorry. I think I think all that goes into play. Absolutely. Yeah.

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Speaker 2: M came out and said, well she should get her

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Speaker 2: job back. That with the chances of that are probably

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Speaker 2: what one percent, right, the likelihood is a huge settlement.

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Speaker 5: Yes, I think that's you know, if that could be

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Speaker 5: another reason for the extension too is look, we haven't

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Speaker 5: really found anything that's going to justify a huge win

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Speaker 5: in court, So that's let's figure out a win win

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Speaker 5: you you know, voluntarily move on and retire and we

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Speaker 5: pay you out and then we can kind of get

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Speaker 5: out of this with you know, both sides winning. That

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Speaker 5: would be the reason for the extension too.

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Speaker 2: You never know, she's going to drop in a couple

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Speaker 2: of weeks. We'll know then. Jason Phillibum, of course, fantastic

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Speaker 2: defense attorney, employment law expert, as well his two cents

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Speaker 2: on what went down yesterday with the Terry Fiji Stephen

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Speaker 2: m press conference. It was a shot across about of

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Speaker 2: the city calling this thing a hatchet job. When the

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Speaker 2: report comes out, we'll find out what that means. Jason,

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Speaker 2: all the best, Bomber, Take care.

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Speaker 3: I appreciate it, thank you.

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Speaker 2: News is coming up in just seconds here on the

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Speaker 2: big one hell of a traffic day today. It seems

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Speaker 2: like everything was shut down because of the inclement Weatherful

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Speaker 2: details coming up in news and more one return, including

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Speaker 2: a little bit more on this and how Terry Fiji

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Speaker 2: plays into Saint Patrick's day today. What I'll pull those

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Speaker 2: things again because it's about consistency. There's some inconsistencies here.

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Speaker 2: We'll get into that after news on the Big One. Sorry,

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Speaker 2: that was an interesting press conference yesterday with Stephen m

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Speaker 2: in the case of Terry Thiji, the interesting case of

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Speaker 2: the former and I say former although she hasn't been

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Speaker 2: fired police chief Terry Thiji and Jason Phillibaum are legal

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Speaker 2: expert on the Scott Sloan Show said well, you know

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Speaker 2: you also have sex and or age discrimination in there too,

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Speaker 2: because those are protected classes. And man, there's a lot

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Speaker 2: of protected classes these days, right, and that is just

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Speaker 2: you know, the legal definition should be a group of

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Speaker 2: people legally protected from employment, housing, public accommodation discrimination based

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Speaker 2: on things like race, ethnicity, gender, age, religion, disability. Basically,

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Speaker 2: can't mistreat someone who can't help where or how or

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Speaker 2: to whom they were born, right, And that's a pretty

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Speaker 2: good legal standard. I think it's hard to argue that

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Speaker 2: going to I can't change who I was born to

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Speaker 2: what I was born, and what I look like. But

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Speaker 2: I want to bring this back. I said, there's a

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Speaker 2: talie in here, with today being Saint Patrick's day in

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Speaker 2: this Terry Thiji thing, and I if you listen to

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Speaker 2: the show for any like the time. You know, I

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Speaker 2: try to be consistent.

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Speaker 4: I like to.

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Speaker 2: Not look at it from a political bias or whatever

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Speaker 2: the bias might be. And it's hard to do because

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Speaker 2: we're all biased in some way, shape or form. But

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Speaker 2: I just look I want the rules to apply to

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Speaker 2: everyone equally. And it's a tough time for someone like

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Speaker 2: that to be alive these days. If you're like that,

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Speaker 2: you feel me. And so I bring this up on

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Speaker 2: Saint Patti's Day and you want to talk about a

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Speaker 2: great example of our cultural sensitivities and also protected groups.

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Speaker 2: Let me ask you something, where else can you have

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Speaker 2: a leprechaun logo? You know, a height challenge, verdict challenged, firecrotch,

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Speaker 2: red bearded mascot, and the logo goes on everything and

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Speaker 2: no one is screaming about racism, ethnicity or ready for it,

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Speaker 2: cultural misappropriation. Where are the cultural misappropriation crowd? Where are they?

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Speaker 2: Where are they? On Saint Patrick's Day? A lot of

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Speaker 2: other ethnic holidays are things you point out are like, no,

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Speaker 2: we can't, you can't do that. You know, when I

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Speaker 2: someone who is not I don't know hispanic opens up

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Speaker 2: a taco stand or tries to. There's some things long

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Speaker 2: ago where where you know, you have fusion cuisine, which

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Speaker 2: is the combination of two different cuisines into something else.

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Speaker 2: And we've always done that in America. And people are

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Speaker 2: losing their minds because white people are cooking Hispanic food.

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Speaker 2: It's cultural misappropriation. Shut the hell up. They're just trying

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Speaker 2: to make money, is what they're doing. They're ready to

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Speaker 2: come up with something new, and I think it's a

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Speaker 2: great You know, if we have this established cultural framework,

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Speaker 2: in this doxing and cancel culture in which we currently

435
00:21:08,240 --> 00:21:13,520
Speaker 2: live that says its stereotypical ethnic caricatures cause harm, then

436
00:21:13,720 --> 00:21:16,880
Speaker 2: me being mister consistency, is that standard has to fly

437
00:21:16,920 --> 00:21:19,520
Speaker 2: across the board. We're not gonna talk about principles or politics.

438
00:21:20,119 --> 00:21:22,640
Speaker 2: So if you look at a leprechaun, by every objective

439
00:21:22,680 --> 00:21:26,440
Speaker 2: matter measure, it's it's an ethnic caricature. You've got a short,

440
00:21:26,560 --> 00:21:30,840
Speaker 2: red haired, green clad irishman obsessed with gold and drinking.

441
00:21:31,040 --> 00:21:33,560
Speaker 2: I mean, if you ran that through the DEI computer,

442
00:21:33,920 --> 00:21:40,240
Speaker 2: it would explode. Okay, drink. He's a drunk and he's

443
00:21:40,280 --> 00:21:42,919
Speaker 2: obsessed with gold, and he's got red hair and he's short.

444
00:21:43,720 --> 00:21:46,760
Speaker 2: The Chillele. Yeah, that's well, that's the third We put

445
00:21:46,800 --> 00:21:50,120
Speaker 2: your lips on the third rail there, Clark. But again

446
00:21:50,160 --> 00:21:52,959
Speaker 2: we have this selective enforcement of cultural sensitivity rules. It

447
00:21:53,000 --> 00:21:55,280
Speaker 2: exposes the whole thing is a fraud. It's a power play.

448
00:21:55,320 --> 00:21:57,040
Speaker 2: It's not a moral standard. The whole thing's a fraud.

449
00:21:57,440 --> 00:22:02,359
Speaker 2: And this fits into DEI as well. It reduces a

450
00:22:02,440 --> 00:22:05,399
Speaker 2: nationale to a mythological figure which I lean into. I

451
00:22:05,440 --> 00:22:08,280
Speaker 2: think that part Irish. Why I identify more as Italian,

452
00:22:08,320 --> 00:22:10,160
Speaker 2: but I got that Irish sloan. That's pretty Irish name,

453
00:22:12,280 --> 00:22:16,200
Speaker 2: and reinforces the drinking stereotype that Irish all drunks, and

454
00:22:16,240 --> 00:22:18,440
Speaker 2: the whole wow, they don't mind defense that doesn't hold.

455
00:22:18,520 --> 00:22:20,840
Speaker 2: We reject that argument for every other group. Why this

456
00:22:20,880 --> 00:22:24,000
Speaker 2: one and the whole image itself was kind of born

457
00:22:24,000 --> 00:22:29,120
Speaker 2: from mockery, the vaudeville age, you know, the eye bumbling,

458
00:22:29,200 --> 00:22:32,200
Speaker 2: superstitious drunk was a stock comedy character back in the

459
00:22:32,240 --> 00:22:35,720
Speaker 2: eighteen hundreds and nineteen hundreds, and the leprechaonus direct descend

460
00:22:35,720 --> 00:22:38,760
Speaker 2: into that that type of ridicule and publish, well, well

461
00:22:38,840 --> 00:22:40,560
Speaker 2: you know it's it's a different thing. Well, why because

462
00:22:40,600 --> 00:22:43,400
Speaker 2: you're white Europeans, I mean, if you are a cultural

463
00:22:43,440 --> 00:22:49,960
Speaker 2: warrior and you object to cultural misappropriation and dangerous stereoisis,

464
00:22:50,000 --> 00:22:53,720
Speaker 2: where are those people today? They're at the bar drinking

465
00:22:53,720 --> 00:22:56,000
Speaker 2: green beer, wearing a silly hat. That's what they're doing.

466
00:22:56,280 --> 00:22:59,280
Speaker 2: I mean, it's such a This to me just is

467
00:22:59,359 --> 00:23:02,760
Speaker 2: just another or this is another brick in the wall

468
00:23:04,280 --> 00:23:07,280
Speaker 2: and trying to segregate DEI because at the heart of

469
00:23:07,320 --> 00:23:09,880
Speaker 2: DEI and you know, certainly I think there's a period

470
00:23:09,880 --> 00:23:11,760
Speaker 2: of time certainly needed that. I think it's a good

471
00:23:11,800 --> 00:23:13,640
Speaker 2: test today to find ef can stand on its own

472
00:23:13,680 --> 00:23:16,040
Speaker 2: and you know, you win on merit, not who you

473
00:23:16,160 --> 00:23:18,240
Speaker 2: are or where you came from, as it should be,

474
00:23:18,800 --> 00:23:21,000
Speaker 2: and that's what the Constitution says. And I think you

475
00:23:21,080 --> 00:23:22,800
Speaker 2: got to give that time to go okay, well did

476
00:23:22,800 --> 00:23:24,880
Speaker 2: it work or not? And time to stand on your own.

477
00:23:25,119 --> 00:23:27,800
Speaker 2: So you got to pull that carpet out. But in

478
00:23:27,840 --> 00:23:32,040
Speaker 2: this just exemplifies that opinion, like this is a great

479
00:23:32,040 --> 00:23:34,800
Speaker 2: defense of it is. No one is complaining, even Irish people.

480
00:23:34,840 --> 00:23:39,240
Speaker 2: I'm complaining about stereotyping Irish people today. You know, you

481
00:23:39,320 --> 00:23:41,520
Speaker 2: got a bar serving green beer and lucky charms and

482
00:23:41,560 --> 00:23:45,159
Speaker 2: doing shots today. Imagine a bar doing tequila shots with

483
00:23:45,560 --> 00:23:48,840
Speaker 2: speedy gonzalesnces on sinco demand. But here's the thing, is

484
00:23:48,880 --> 00:23:53,400
Speaker 2: like the stereotype is that you see you see Hispanics,

485
00:23:53,520 --> 00:23:55,840
Speaker 2: particularly the Mexican culture leaning the Mexican right. You go

486
00:23:55,880 --> 00:23:58,960
Speaker 2: into a Mexican restaurant and it's your birthday, you're doing

487
00:23:58,960 --> 00:24:02,000
Speaker 2: shots and you've got a big some on. But then people,

488
00:24:02,000 --> 00:24:04,520
Speaker 2: if you post it on social people, actually there's clapping

489
00:24:04,600 --> 00:24:07,359
Speaker 2: back at you for misappropriating that culture, even though the

490
00:24:07,400 --> 00:24:09,600
Speaker 2: people who are foisting on you and encouraging to do

491
00:24:09,640 --> 00:24:12,560
Speaker 2: it are the same people who should be offended according

492
00:24:12,600 --> 00:24:16,439
Speaker 2: to that theory. That's why this who the whole ethnic

493
00:24:16,520 --> 00:24:19,240
Speaker 2: stereotype and race, I mean, it's just it's all based

494
00:24:19,480 --> 00:24:23,440
Speaker 2: to charade, is what it is. Like if the protected class,

495
00:24:23,520 --> 00:24:26,720
Speaker 2: the darlings of the day, are protected, then that's all

496
00:24:26,720 --> 00:24:28,960
Speaker 2: that matters. Well, then applied equally across and you see

497
00:24:28,960 --> 00:24:32,760
Speaker 2: how ridiculous this whole fight is. You know, you don't

498
00:24:32,760 --> 00:24:35,200
Speaker 2: get to ban a sombrero and keep a leprechaun man

499
00:24:35,280 --> 00:24:39,680
Speaker 2: pick a lane. Pick a lane. And the inconsistency isn't

500
00:24:39,720 --> 00:24:43,160
Speaker 2: a bug. It's proof that the rules are political leverage

501
00:24:43,200 --> 00:24:45,280
Speaker 2: and not about human dignity. All these things I mean,

502
00:24:45,440 --> 00:24:48,439
Speaker 2: all right, you can be offended. We got Chief Wahoo, Okay,

503
00:24:48,600 --> 00:24:51,240
Speaker 2: got rid of that. And I'm not saying it was

504
00:24:51,280 --> 00:24:53,560
Speaker 2: good or bad. I'm just pointing out the inconsistency here, right,

505
00:24:53,640 --> 00:24:56,960
Speaker 2: Chief Wahoo. Yeah, it's kind of cringey. Okay, we got

506
00:24:57,840 --> 00:24:59,879
Speaker 2: you know, Uncle Ben on the on the rice box,

507
00:25:00,680 --> 00:25:02,720
Speaker 2: subservient black man in a bow top got where that

508
00:25:02,720 --> 00:25:05,760
Speaker 2: Missus Butterworth was under review. Remember that when the Missus

509
00:25:05,760 --> 00:25:08,199
Speaker 2: Butterworth Syrup controversy, I thought it was just some I

510
00:25:08,280 --> 00:25:13,920
Speaker 2: just thought it was Missus doubtfire. But apparently I guess

511
00:25:13,960 --> 00:25:16,439
Speaker 2: someone determined this to be a mammy characature. I'm not

512
00:25:16,480 --> 00:25:20,200
Speaker 2: quite sure. Landa Lakes Butter went through it. The Native

513
00:25:20,200 --> 00:25:23,280
Speaker 2: American maiden on the box that went away. Remember it

514
00:25:23,400 --> 00:25:26,119
Speaker 2: was Star Wars Jar jar Binks that controversy you had,

515
00:25:26,320 --> 00:25:30,159
Speaker 2: you have a Pooh on the Simpsons, and so, I mean,

516
00:25:30,160 --> 00:25:32,720
Speaker 2: the point is it's not defending the stereotypes, saying look,

517
00:25:32,760 --> 00:25:34,960
Speaker 2: if you're just going to be what you say you are,

518
00:25:36,440 --> 00:25:39,320
Speaker 2: then you have to be consistent. So if you're offended

519
00:25:39,359 --> 00:25:43,879
Speaker 2: about butter and syrup and rice and a Pooh and

520
00:25:44,000 --> 00:25:46,840
Speaker 2: jar jar Binks, then I would say why where's the

521
00:25:46,880 --> 00:25:50,600
Speaker 2: outrage over Saint Patrick's Day? And you can't find it

522
00:25:50,640 --> 00:25:54,160
Speaker 2: because well, largely it's like that's they're Europeans, so it's

523
00:25:54,720 --> 00:25:57,320
Speaker 2: but that undermines your whole argument, you know, the green

524
00:25:57,560 --> 00:25:59,760
Speaker 2: you got great and the culture mistrepublisher people wearing green

525
00:25:59,800 --> 00:26:02,280
Speaker 2: hair and green clothes and the Chileley and kiss me

526
00:26:02,320 --> 00:26:05,159
Speaker 2: I'm Irish and chili and beer. It's a stereotype, but

527
00:26:05,160 --> 00:26:08,840
Speaker 2: it's also it's it's cultural misappropriation. Where are the cultural

528
00:26:08,880 --> 00:26:11,920
Speaker 2: misappropriation warriors on Saint Patrick's Day? To show you how

529
00:26:13,160 --> 00:26:15,000
Speaker 2: what it's based on is a bunch of nonsense and

530
00:26:15,040 --> 00:26:18,040
Speaker 2: a shakedown. There you go, I don't see people protesting

531
00:26:18,040 --> 00:26:20,960
Speaker 2: at Maldy Malone's or anything like that on and rightly,

532
00:26:21,000 --> 00:26:23,600
Speaker 2: so you should go in and drink and eat boiled

533
00:26:23,600 --> 00:26:27,040
Speaker 2: food and pretend to like Irish dancing for a day.

534
00:26:27,359 --> 00:26:29,240
Speaker 2: They given the people who are like Irish don't really

535
00:26:29,280 --> 00:26:34,080
Speaker 2: like Irish dancing. It's like, what is this? And so

536
00:26:34,240 --> 00:26:35,960
Speaker 2: either all that they all go or they all stay.

537
00:26:36,040 --> 00:26:38,120
Speaker 2: But you know, we admit, when the framework gets selectively

538
00:26:38,200 --> 00:26:41,840
Speaker 2: enforced based on which groups have agency or have current

539
00:26:41,880 --> 00:26:44,480
Speaker 2: political capital, we got to start pretending it's it's about

540
00:26:44,560 --> 00:26:48,879
Speaker 2: human dignancy, human decency and dignity and protecting a culture.

541
00:26:48,920 --> 00:26:52,000
Speaker 2: It's just it's silly, and it's like, well, I'm trying

542
00:26:52,000 --> 00:26:53,880
Speaker 2: to think if there's a we Got Rid of Columbus Day,

543
00:26:53,880 --> 00:26:57,280
Speaker 2: because that was offensive on I'm trying to think if

544
00:26:57,280 --> 00:26:59,080
Speaker 2: there's another holiday and say go to MI. I mean,

545
00:26:59,119 --> 00:27:01,600
Speaker 2: I remember it was here locally a number of years

546
00:27:01,600 --> 00:27:05,120
Speaker 2: ago where someone was under fire. The place was under

547
00:27:05,160 --> 00:27:10,720
Speaker 2: fire because they had a I think it was kind

548
00:27:10,720 --> 00:27:14,120
Speaker 2: of a thick I can picture the logo in my head.

549
00:27:14,160 --> 00:27:16,119
Speaker 2: I escaped me and forget what it was, but it

550
00:27:16,160 --> 00:27:18,880
Speaker 2: was like a guy taking a siesta under a net,

551
00:27:18,960 --> 00:27:20,840
Speaker 2: leaning up against a cactus, which is not a good

552
00:27:20,840 --> 00:27:24,040
Speaker 2: place to rest your head. But nonetheless it's just a logo.

553
00:27:24,800 --> 00:27:27,080
Speaker 2: No one's really being pricked by the cactus. And maybe

554
00:27:27,080 --> 00:27:29,040
Speaker 2: it's a non prickly cactus. I don't know, but it's

555
00:27:29,080 --> 00:27:31,040
Speaker 2: a fat guy in a sarape and he's got the

556
00:27:31,080 --> 00:27:34,119
Speaker 2: bandalier around, he's got the sombrero and the big mustache

557
00:27:34,200 --> 00:27:37,560
Speaker 2: and he's having a siesta. And that was the logo.

558
00:27:37,640 --> 00:27:40,920
Speaker 2: And of course you can't have that people, even though

559
00:27:40,960 --> 00:27:42,720
Speaker 2: I think the people who ran in the place were

560
00:27:43,280 --> 00:27:46,200
Speaker 2: I think they were Mexicans, so I mean, if you wouldn't.

561
00:27:46,200 --> 00:27:47,800
Speaker 2: And a funny thing is I remember traveling down to

562
00:27:47,880 --> 00:27:50,120
Speaker 2: Cancun and back in the day when they had phone books,

563
00:27:50,119 --> 00:27:51,359
Speaker 2: and they leave the phone book and I'm like, well,

564
00:27:51,440 --> 00:27:53,919
Speaker 2: it's in the Mexican phone book and the logos for

565
00:27:53,920 --> 00:27:56,560
Speaker 2: the Mexican restaurants. There were all these stereotypes that here

566
00:27:56,600 --> 00:27:59,480
Speaker 2: at America were offended about. These are actual Mexicans do well,

567
00:27:59,480 --> 00:28:01,919
Speaker 2: that's different because they can do that because it's their culture.

568
00:28:02,000 --> 00:28:04,360
Speaker 2: I see. But man, I'll tell you what you want

569
00:28:04,359 --> 00:28:09,040
Speaker 2: to split hairs. Saint Patti's Day, Saint Patty's Day? What

570
00:28:09,160 --> 00:28:11,880
Speaker 2: about that? I don't know any irishman who's offended by

571
00:28:12,400 --> 00:28:15,280
Speaker 2: a leprechaun. Quite honestly, I don't, nor should you be.

572
00:28:15,359 --> 00:28:17,440
Speaker 2: But that's the point of this. Hey, Chris, you're on

573
00:28:17,480 --> 00:28:18,920
Speaker 2: the Scott Slan Show. Thanks for checking on.

574
00:28:18,960 --> 00:28:21,280
Speaker 6: What's up me morning, sir. How are you doing.

575
00:28:21,320 --> 00:28:22,480
Speaker 2: I'm doing well. I'm doing well.

576
00:28:23,280 --> 00:28:25,680
Speaker 6: I have a comment on what what's talking about? Okay,

577
00:28:25,800 --> 00:28:30,200
Speaker 6: you know that the only real life fixture that actually

578
00:28:30,320 --> 00:28:33,800
Speaker 6: survived is an old white guy's a quicker roats guy.

579
00:28:35,080 --> 00:28:37,080
Speaker 6: If you want men as Syria out when you talk

580
00:28:37,119 --> 00:28:40,480
Speaker 6: about missus Butterworth un over to my style, or even

581
00:28:40,520 --> 00:28:43,560
Speaker 6: the butter with the Indian guy and laying the lake. Yeah,

582
00:28:44,040 --> 00:28:48,200
Speaker 6: the only real life character is an old white guy

583
00:28:49,040 --> 00:28:49,680
Speaker 6: quick roaps.

584
00:28:50,680 --> 00:28:51,440
Speaker 2: Yeah, who is a.

585
00:28:53,600 --> 00:28:53,840
Speaker 4: See it?

586
00:28:53,880 --> 00:28:55,760
Speaker 2: For a long time I thought that was Barbara Bush

587
00:28:55,800 --> 00:28:59,720
Speaker 2: back when she was So it's a guy, okay.

588
00:29:00,320 --> 00:29:00,440
Speaker 4: Uh.

589
00:29:00,880 --> 00:29:02,920
Speaker 2: The Quaker roads things interesting because I think there, I

590
00:29:02,920 --> 00:29:03,960
Speaker 2: don't know, one's not proud of what?

591
00:29:04,080 --> 00:29:04,120
Speaker 4: What?

592
00:29:04,320 --> 00:29:06,360
Speaker 2: What am I thinking of? Trying to think of the

593
00:29:07,600 --> 00:29:09,680
Speaker 2: quite a while. He's a Quaker. Yeah, it's Quaker. I'd

594
00:29:09,680 --> 00:29:12,480
Speaker 2: be Quaker oad. He's a Quaker. So I'm not quite

595
00:29:12,520 --> 00:29:14,680
Speaker 2: sure if that's exploitative or not. I have no idea.

596
00:29:14,760 --> 00:29:17,760
Speaker 2: He's got the ponytail, he's got the the wacky hat

597
00:29:17,800 --> 00:29:18,440
Speaker 2: on with a buckle.

598
00:29:19,600 --> 00:29:24,080
Speaker 6: But it's the only real life fixture, I guess. I mean,

599
00:29:25,200 --> 00:29:27,320
Speaker 6: it's not a fixture. You know, he's not a guy.

600
00:29:29,040 --> 00:29:31,000
Speaker 2: But you feel me right. I'm not saying we should

601
00:29:31,120 --> 00:29:33,760
Speaker 2: we should cancel Saint Patrick's Day. No, what I'm going

602
00:29:33,960 --> 00:29:37,520
Speaker 2: is that if you allow this, then why is everything

603
00:29:37,520 --> 00:29:39,680
Speaker 2: else off the table? If you're trying to be consistent

604
00:29:39,720 --> 00:29:43,160
Speaker 2: about enforcing the racial prejudices of America and it's all

605
00:29:43,240 --> 00:29:45,920
Speaker 2: got to be absolutely stamped. And who who's pissed off

606
00:29:45,920 --> 00:29:51,160
Speaker 2: about Saint Patty's Day? Nobody correct bingo, bing that's a bingo.

607
00:29:51,720 --> 00:29:54,440
Speaker 2: That's a big no, it's just bingo. It's just sloany

608
00:29:54,520 --> 00:29:56,440
Speaker 2: here on seven hundred w W had five one three

609
00:29:56,480 --> 00:29:57,880
Speaker 2: cent four and I seven thousand, College Tilla and a

610
00:29:57,960 --> 00:29:59,520
Speaker 2: joby on the Scott Flung Show. Thanks for checking in

611
00:29:59,520 --> 00:30:02,280
Speaker 2: and appreciate what's up? Hey, Thank you, Jake.

612
00:30:02,280 --> 00:30:09,320
Speaker 4: You So there's definitely are not equality in these characters

613
00:30:09,360 --> 00:30:13,200
Speaker 4: for DEI, but I found it interesting over to Cracker

614
00:30:13,320 --> 00:30:16,080
Speaker 4: Barrel where they brought back Herschel.

615
00:30:16,520 --> 00:30:18,520
Speaker 2: Yeah, because of the because of the I mean, it's

616
00:30:18,520 --> 00:30:19,960
Speaker 2: like an old coke thing. It's a boat. But I

617
00:30:20,080 --> 00:30:22,560
Speaker 2: remember when that broke, I went like, well, because it's

618
00:30:22,560 --> 00:30:24,680
Speaker 2: a terrible logo is why they should change it. It

619
00:30:24,720 --> 00:30:27,320
Speaker 2: doesn't translate to to black and white. It's hard to

620
00:30:27,360 --> 00:30:29,360
Speaker 2: see what it is. And I don't know if it

621
00:30:29,480 --> 00:30:31,440
Speaker 2: was much canceling Uncle Herschel. I didn't know there was

622
00:30:31,440 --> 00:30:34,120
Speaker 2: a name until the story broke, But I neither it

623
00:30:34,200 --> 00:30:35,880
Speaker 2: was an attack on old people at all. But again

624
00:30:35,960 --> 00:30:39,160
Speaker 2: it isn't it part of this backlash to to sensitivities

625
00:30:39,240 --> 00:30:42,360
Speaker 2: of age and protected classes. Absolutely, that's what it is.

626
00:30:42,400 --> 00:30:44,600
Speaker 2: Because the people on the right rush to defend this

627
00:30:44,760 --> 00:30:46,600
Speaker 2: old carr and you only get room because he's old,

628
00:30:46,640 --> 00:30:49,520
Speaker 2: and so that fell under the age discrimination category. And

629
00:30:49,960 --> 00:30:52,160
Speaker 2: now we've got the right canceling stuff. You know, just

630
00:30:52,320 --> 00:30:54,880
Speaker 2: enough already. If the logos change the logo, that's fine.

631
00:30:55,160 --> 00:30:57,959
Speaker 2: The problem is probably the food, the food and who

632
00:30:58,000 --> 00:31:01,080
Speaker 2: owns it and what the you know, what the demo is,

633
00:31:01,120 --> 00:31:03,840
Speaker 2: I guess more than the logo ware.

634
00:31:03,920 --> 00:31:06,080
Speaker 4: We could add that where we would say something like

635
00:31:06,200 --> 00:31:09,600
Speaker 4: wild Mound Walker and then say something along the lines

636
00:31:09,800 --> 00:31:13,920
Speaker 4: of leprechauns forever THEI never.

637
00:31:13,840 --> 00:31:17,400
Speaker 2: Yes exactly, so we're not offended by leprechauns. But everything else,

638
00:31:17,960 --> 00:31:20,800
Speaker 2: the cultural misappropriation wars are silent. And next time I

639
00:31:20,840 --> 00:31:24,120
Speaker 2: have a cultural misappropriation issue or you're if you're ever

640
00:31:24,200 --> 00:31:27,600
Speaker 2: faced with that le's cultural misappropriation. You can't you know,

641
00:31:27,720 --> 00:31:31,560
Speaker 2: you can't make Chinese food if you're white, Say well,

642
00:31:31,960 --> 00:31:34,280
Speaker 2: I don't know. I saw plenty of people, you know,

643
00:31:34,440 --> 00:31:39,600
Speaker 2: people of color, brown people, white people, Asian folks all

644
00:31:39,680 --> 00:31:42,560
Speaker 2: celebrating Saint Patrick's Day, and you know, no one's scriminal culture.

645
00:31:42,960 --> 00:31:45,240
Speaker 2: Is that culture? Well, no, that's different because these are

646
00:31:45,320 --> 00:31:49,320
Speaker 2: the white European overlords. I get it. Racism and ethnicity

647
00:31:49,600 --> 00:31:51,800
Speaker 2: is fine as long as you're not the one on

648
00:31:51,880 --> 00:31:52,520
Speaker 2: the receiving end.

649
00:31:52,640 --> 00:31:53,120
Speaker 3: I got it.

650
00:31:53,320 --> 00:31:56,920
Speaker 2: So at least, if anything, you're consistent on this whole thing,

651
00:31:57,080 --> 00:31:59,720
Speaker 2: absolutely consistent. Coming up at ten oh seven this morning,

652
00:32:00,600 --> 00:32:02,720
Speaker 2: we are in March madness. You got your brackets filled

653
00:32:02,720 --> 00:32:05,120
Speaker 2: out yet. I haven't done that yet. I promised Austin

654
00:32:05,160 --> 00:32:06,840
Speaker 2: Elmore yesterday I would do that. I'm gonna I'm gonna

655
00:32:06,840 --> 00:32:10,280
Speaker 2: particip Actually, you know, what I'm gonna do kind of

656
00:32:10,360 --> 00:32:14,600
Speaker 2: is a test. I'm I'm gonna see if how I

657
00:32:14,640 --> 00:32:16,520
Speaker 2: can get my dog to fill the bracket. I want

658
00:32:16,560 --> 00:32:19,720
Speaker 2: to see if the dog can what the accuracy rate is,

659
00:32:19,800 --> 00:32:21,880
Speaker 2: because you know, you've got people like Austin, You've got

660
00:32:21,960 --> 00:32:24,960
Speaker 2: Tony Pike, You've got Lance McAllister, you got Moegger, you

661
00:32:25,000 --> 00:32:27,360
Speaker 2: got all these guys on sports guys, and I'll fill

662
00:32:27,400 --> 00:32:29,520
Speaker 2: out the brackets and als. I just want to see,

663
00:32:29,600 --> 00:32:33,240
Speaker 2: like you know, your whole reason for being is based

664
00:32:33,240 --> 00:32:35,040
Speaker 2: on being a sports actor. I just want to see

665
00:32:35,080 --> 00:32:37,920
Speaker 2: if the dog can randomly pick winners and losers better

666
00:32:38,000 --> 00:32:39,680
Speaker 2: than the experts. It's a it's a good I may

667
00:32:39,800 --> 00:32:41,640
Speaker 2: do that. I may have bandit filled that thing out.

668
00:32:42,160 --> 00:32:43,800
Speaker 2: I used to do that with the forecast with my

669
00:32:43,880 --> 00:32:46,200
Speaker 2: old dog who has since been put down a long

670
00:32:46,280 --> 00:32:50,680
Speaker 2: time ago, Lego, the World's Dumbest dog TM, who would

671
00:32:50,720 --> 00:32:52,960
Speaker 2: predict the forecast, like when we had the snow today.

672
00:32:52,960 --> 00:32:55,600
Speaker 2: I'd have different plates of food with one, you know,

673
00:32:55,840 --> 00:32:58,160
Speaker 2: less than an inch, one to two inches, two to

674
00:32:58,240 --> 00:33:02,040
Speaker 2: three inches, four inches loss a snowmageddon, and he would

675
00:33:02,080 --> 00:33:05,240
Speaker 2: whatever food bowl he ate out of that would be

676
00:33:05,320 --> 00:33:08,000
Speaker 2: the forecast. And it turned out he was as accurate

677
00:33:08,040 --> 00:33:10,960
Speaker 2: as a lot of the climatarists that are on television.

678
00:33:11,040 --> 00:33:14,760
Speaker 2: Wag caused a lot of problems back in the day

679
00:33:15,200 --> 00:33:20,280
Speaker 2: between me and my friends in the TV media. Anyway, anyway,

680
00:33:20,400 --> 00:33:23,520
Speaker 2: if we have March Madness here, we'll talk about responsible

681
00:33:23,560 --> 00:33:26,120
Speaker 2: gaming coming up. At ten oh seven. Earlier in the show,

682
00:33:26,200 --> 00:33:30,840
Speaker 2: if you missed it, I had on Jason Philibaum, former

683
00:33:30,920 --> 00:33:33,800
Speaker 2: prosecutor and defense attorney and talking about the Terry Thigi situation,

684
00:33:33,840 --> 00:33:36,840
Speaker 2: because this whole rant about de Ei and you know,

685
00:33:37,000 --> 00:33:39,440
Speaker 2: Saint Patrick's day was rooted in that going on. He said,

686
00:33:39,480 --> 00:33:41,880
Speaker 2: you know, she may have a sex and age discrimination

687
00:33:42,000 --> 00:33:44,280
Speaker 2: case because it's a protected class and said, well, it's

688
00:33:44,280 --> 00:33:46,120
Speaker 2: an interesting time to talk about that. You mentioned that

689
00:33:46,280 --> 00:33:50,000
Speaker 2: because of Saint Patrick's day, but talking about yesterday's press

690
00:33:50,000 --> 00:33:53,560
Speaker 2: conference with her attorney, Stephen m who's a wonderful employment

691
00:33:53,600 --> 00:33:57,720
Speaker 2: lawyer and has already fired the first salvo across the

692
00:33:57,800 --> 00:34:01,800
Speaker 2: bow regarding her termination some five months ago. And it

693
00:34:01,920 --> 00:34:04,200
Speaker 2: was a great discussion. If you missed it, it's going

694
00:34:04,280 --> 00:34:05,960
Speaker 2: to be on the podcast fall on the show via

695
00:34:05,960 --> 00:34:08,000
Speaker 2: the iHeartRadio. Of course, if you miss it too, you

696
00:34:08,040 --> 00:34:10,480
Speaker 2: can always take us wherever you are go from the

697
00:34:10,520 --> 00:34:12,719
Speaker 2: car to you're off to just have your earbuds in

698
00:34:12,800 --> 00:34:15,359
Speaker 2: you can take the show. It's completely portable that way.

699
00:34:15,800 --> 00:34:17,960
Speaker 2: But it's interesting watching some of the highlights of the

700
00:34:18,000 --> 00:34:20,640
Speaker 2: press conference yesterday where Steve m called this a hatchet job.

701
00:34:21,840 --> 00:34:24,279
Speaker 2: And I think the strategy itself is really interesting too.

702
00:34:24,400 --> 00:34:27,080
Speaker 2: So why would you have a press conference before the

703
00:34:27,160 --> 00:34:30,040
Speaker 2: report drops and the report presumably is going to drop

704
00:34:30,560 --> 00:34:32,719
Speaker 2: the first week of next month, because this is the

705
00:34:32,840 --> 00:34:35,359
Speaker 2: third time they've extended the contract with Frost Brown Todd,

706
00:34:35,400 --> 00:34:37,719
Speaker 2: Who's going to spend and spend a lot of time

707
00:34:37,760 --> 00:34:39,360
Speaker 2: and a lot of your money if you live in

708
00:34:39,400 --> 00:34:42,560
Speaker 2: the city, investigating why they fired her five months ago,

709
00:34:43,239 --> 00:34:46,279
Speaker 2: which is not a good look. So they held the

710
00:34:46,320 --> 00:34:50,080
Speaker 2: press conference yesterday. And what he's doing, he's poisoning the

711
00:34:50,120 --> 00:34:52,880
Speaker 2: well is what it's called. So whatever comes up out

712
00:34:52,960 --> 00:34:54,680
Speaker 2: of that report, and I think they got a tip

713
00:34:54,760 --> 00:34:57,120
Speaker 2: that there's some bad stuff in there, he readily public

714
00:34:57,120 --> 00:34:59,160
Speaker 2: called it a hatchet job. So then he said, well,

715
00:34:59,200 --> 00:35:01,160
Speaker 2: we expect this from the It doesn't take five months

716
00:35:01,200 --> 00:35:03,080
Speaker 2: to find out why you fired someone in October, and

717
00:35:03,120 --> 00:35:05,160
Speaker 2: here it is March and April, and now you're just

718
00:35:05,200 --> 00:35:07,960
Speaker 2: getting around. Some of the report hits our frame of

719
00:35:08,000 --> 00:35:09,840
Speaker 2: mind as the public mean you be in the public.

720
00:35:09,920 --> 00:35:12,680
Speaker 2: That's already said. Of course it's as bad thing. Frost

721
00:35:12,719 --> 00:35:14,960
Speaker 2: Brown Todd was not paid to find good things about

722
00:35:15,040 --> 00:35:17,799
Speaker 2: Terry Thig. They're paid to find bad things about Terry Thig.

723
00:35:17,880 --> 00:35:19,880
Speaker 2: Of course it's gonna come out. For example, you know,

724
00:35:19,960 --> 00:35:22,560
Speaker 2: company may go hire a consultant. You know the consult

725
00:35:22,680 --> 00:35:24,560
Speaker 2: everything can be running great, hurry consultant. They're going to

726
00:35:24,600 --> 00:35:27,080
Speaker 2: find stuff to change because it justifies why we're paying

727
00:35:27,120 --> 00:35:30,000
Speaker 2: them this money in the first place. And Steve him

728
00:35:30,239 --> 00:35:33,040
Speaker 2: yesterday also made the point of comparison that violent crime

729
00:35:33,120 --> 00:35:35,360
Speaker 2: had increased since theg went on leave, Yet no one's

730
00:35:35,520 --> 00:35:40,560
Speaker 2: moving to take interim chief. Heini off the jiant And

731
00:35:40,640 --> 00:35:41,960
Speaker 2: you know there's a thing. I mean, he's doing a

732
00:35:42,000 --> 00:35:44,839
Speaker 2: great job, am Henny's ston doing a great job from

733
00:35:45,000 --> 00:35:46,880
Speaker 2: all intents and purposes. And so you could say the

734
00:35:46,920 --> 00:35:50,200
Speaker 2: same about Terry Thig And they basically put the city

735
00:35:50,239 --> 00:35:52,359
Speaker 2: on notice saying there's gonna be a lawsuit get ready

736
00:35:52,400 --> 00:35:53,759
Speaker 2: for it in the city is going to have to pay,

737
00:35:53,880 --> 00:35:57,280
Speaker 2: meaning the taxpayers as well. So he knows the report

738
00:35:57,440 --> 00:36:00,200
Speaker 2: is not going to look good. The investigation has been

739
00:36:00,360 --> 00:36:04,320
Speaker 2: extended twice and they're building a case against her. But

740
00:36:04,480 --> 00:36:06,680
Speaker 2: he can't stop the report. What you can control, though,

741
00:36:06,680 --> 00:36:09,439
Speaker 2: if you're the attorney. Here is what people believe about

742
00:36:09,480 --> 00:36:11,279
Speaker 2: the report before they read a single word of it.

743
00:36:11,360 --> 00:36:14,160
Speaker 2: It's it's pretty smart. That's a good legal strategy right there.

744
00:36:14,200 --> 00:36:15,839
Speaker 2: I'm not a lawyer, but I can see what he's

745
00:36:15,880 --> 00:36:18,120
Speaker 2: doing right here, and it'll turn into it. I told

746
00:36:18,160 --> 00:36:20,399
Speaker 2: you so a moment. It'll you know, if you see

747
00:36:20,480 --> 00:36:23,440
Speaker 2: this as a canard and a whole political cover for

748
00:36:23,560 --> 00:36:27,040
Speaker 2: AFTABS administration, then you're totally buying in this and that's

749
00:36:27,080 --> 00:36:27,319
Speaker 2: the goal.

750
00:36:27,360 --> 00:36:27,480
Speaker 3: Here.

751
00:36:27,520 --> 00:36:29,239
Speaker 2: We got to get a news update in Scott's loan

752
00:36:29,280 --> 00:36:32,000
Speaker 2: showed returns afterwards here on the home of the Reds

753
00:36:32,360 --> 00:36:34,320
Speaker 2: seven hundred WLW Cincinnati.

754
00:36:34,400 --> 00:36:35,959
Speaker 1: Do you want to be an American?

755
00:36:36,840 --> 00:36:39,680
Speaker 2: Well, Cincinnati does not have a dog in the hunt

756
00:36:39,880 --> 00:36:42,040
Speaker 2: for the first on a long time. We kind of

757
00:36:42,040 --> 00:36:45,360
Speaker 2: adopted Miami. But and then of course there's other regional

758
00:36:45,440 --> 00:36:47,640
Speaker 2: teams to root for. But it's not going to stop

759
00:36:47,680 --> 00:36:49,960
Speaker 2: you from putting some money down in March mad and

760
00:36:50,000 --> 00:36:52,040
Speaker 2: it's of course tipping off just a few days away.

761
00:36:52,040 --> 00:36:53,680
Speaker 2: And if you're planning to have some skin in the game,

762
00:36:53,719 --> 00:36:56,560
Speaker 2: there things you need to know for you bet specifically

763
00:36:56,760 --> 00:36:59,640
Speaker 2: online in that version of namely, what to do if

764
00:36:59,680 --> 00:37:02,560
Speaker 2: the stops feeling like fun and you don't want to

765
00:37:02,600 --> 00:37:04,160
Speaker 2: get in over your head because it's a real deal

766
00:37:04,239 --> 00:37:06,600
Speaker 2: this time of year. And our partners at DraftKings, it's

767
00:37:06,640 --> 00:37:08,680
Speaker 2: Lauria Klane's on the show this morning to talk about

768
00:37:08,680 --> 00:37:10,520
Speaker 2: responsible gaming on the show. Welcome Laurie.

769
00:37:10,520 --> 00:37:13,520
Speaker 4: How are you? I'm great? Thanks for having me.

770
00:37:13,680 --> 00:37:17,560
Speaker 2: Yeah, So walk us through these specific tools that online

771
00:37:17,600 --> 00:37:20,200
Speaker 2: pores like yourself and DraftKings makes available to every customer.

772
00:37:20,800 --> 00:37:22,480
Speaker 2: There are limits to what you can do and their

773
00:37:22,600 --> 00:37:26,600
Speaker 2: self exclusion and timeouts, and what can a player actually

774
00:37:26,640 --> 00:37:28,200
Speaker 2: do if they want to put guardrails up for their

775
00:37:28,200 --> 00:37:28,720
Speaker 2: own behavior.

776
00:37:30,120 --> 00:37:33,560
Speaker 4: Yeah, I'm happy to thanks for the opportunity. We have

777
00:37:33,719 --> 00:37:37,560
Speaker 4: a complete responsible gaming center that's got all kinds of resources.

778
00:37:37,600 --> 00:37:40,840
Speaker 4: I mean, first and foremost, we have resources there that

779
00:37:41,080 --> 00:37:45,160
Speaker 4: explain the very basics of gambling for people who are,

780
00:37:45,400 --> 00:37:48,000
Speaker 4: you know, their first time to the app, So bank

781
00:37:48,160 --> 00:37:51,360
Speaker 4: roll you know, how to have units of bet and

782
00:37:51,480 --> 00:37:56,960
Speaker 4: then and then we have limits on deposits. We have

783
00:37:57,120 --> 00:38:00,520
Speaker 4: limits on wagers, time spent on the app. App, you

784
00:38:00,640 --> 00:38:05,120
Speaker 4: can limit your losses. You can you know, set all

785
00:38:05,239 --> 00:38:08,000
Speaker 4: kinds of different limits. You can set check in reminders,

786
00:38:08,800 --> 00:38:12,400
Speaker 4: and as you mentioned, our customers can also of course

787
00:38:13,160 --> 00:38:16,120
Speaker 4: choose to cool off for you know, a set period

788
00:38:16,200 --> 00:38:19,239
Speaker 4: of time, or even self exclude if they're not comfortable

789
00:38:19,360 --> 00:38:23,120
Speaker 4: with their play and you know how they're feeling about

790
00:38:23,160 --> 00:38:23,479
Speaker 4: the app.

791
00:38:23,560 --> 00:38:24,920
Speaker 2: But by and large, we.

792
00:38:25,040 --> 00:38:29,239
Speaker 4: Really offer everything there. We have something called Gambaalize. It's

793
00:38:29,440 --> 00:38:32,240
Speaker 4: a card game to sort of assess your risk level.

794
00:38:32,400 --> 00:38:35,720
Speaker 4: So it's it's really a whole center meant to offer

795
00:38:36,200 --> 00:38:39,840
Speaker 4: you know, resources and as you said, limits and ways

796
00:38:39,960 --> 00:38:43,600
Speaker 4: to make sure that you're staining control and having fun.

797
00:38:43,840 --> 00:38:44,040
Speaker 3: Yeah.

798
00:38:44,080 --> 00:38:46,239
Speaker 2: So it's a predictive thing that tells you, hey, you

799
00:38:46,400 --> 00:38:48,719
Speaker 2: might be someone who's inclined to bet more than they

800
00:38:48,800 --> 00:38:50,800
Speaker 2: have and you don't want to fall down that that

801
00:38:51,200 --> 00:38:53,719
Speaker 2: whole and that's a great thing using technology be able

802
00:38:53,719 --> 00:38:56,960
Speaker 2: to leverage that because i mean put in perspective her

803
00:38:57,000 --> 00:38:59,279
Speaker 2: March Madness is huge. It is the betting event of

804
00:38:59,320 --> 00:39:01,080
Speaker 2: the year. And for you guys at DraftKings, in terms

805
00:39:01,080 --> 00:39:04,080
Speaker 2: of new customer activity, I'm sure you see a spike

806
00:39:04,280 --> 00:39:08,400
Speaker 2: in the number of new participants and users and that

807
00:39:08,560 --> 00:39:11,560
Speaker 2: interest changes. Does that change how you approach responsible gaming?

808
00:39:13,640 --> 00:39:16,520
Speaker 4: So we for every customer who opens a new account,

809
00:39:16,960 --> 00:39:22,160
Speaker 4: we immediately before the account is even finalized and opened,

810
00:39:22,280 --> 00:39:26,239
Speaker 4: we're introducing our responsible Gaming Center and making sure that

811
00:39:26,360 --> 00:39:28,480
Speaker 4: people know it's there and asking them if they'd like

812
00:39:28,560 --> 00:39:30,840
Speaker 4: to go set limits. And not everybody does that. So

813
00:39:31,840 --> 00:39:37,520
Speaker 4: we follow up with emails regularly to our customers reminding

814
00:39:37,600 --> 00:39:41,239
Speaker 4: them about the various tools and resources that we have available.

815
00:39:41,600 --> 00:39:44,839
Speaker 4: And then when somebody's actually on the app, let's say

816
00:39:44,880 --> 00:39:47,880
Speaker 4: they've spent a whole lot of time, you know, hours

817
00:39:47,960 --> 00:39:51,000
Speaker 4: on the app, will send them reminders and really try

818
00:39:51,040 --> 00:39:54,400
Speaker 4: to engage to you know, give them a moment to reflect.

819
00:39:55,320 --> 00:39:58,440
Speaker 2: Gotcha, are of those tools easy to find? You have

820
00:39:58,520 --> 00:40:00,839
Speaker 2: to dig for them. How do you you know, other

821
00:40:00,920 --> 00:40:03,160
Speaker 2: than come out of the show and talking about this, Laurie,

822
00:40:03,200 --> 00:40:05,360
Speaker 2: how do they people know that they actually exist and

823
00:40:05,400 --> 00:40:06,960
Speaker 2: where to get them? They're pretty easy to locate.

824
00:40:08,040 --> 00:40:11,840
Speaker 4: Yeah, that's a great question, Scott. So on every screen

825
00:40:11,960 --> 00:40:14,600
Speaker 4: of our app or if you're if somebody's on the web,

826
00:40:15,160 --> 00:40:17,480
Speaker 4: on the right hand corner at the top, there's a

827
00:40:17,520 --> 00:40:21,040
Speaker 4: little RG shield and it just takes one button to

828
00:40:21,120 --> 00:40:23,960
Speaker 4: get to the Responsible Gaming Center. And then I'd say

829
00:40:24,160 --> 00:40:27,960
Speaker 4: even for people who are not currently a DraftKings customer,

830
00:40:28,080 --> 00:40:31,360
Speaker 4: let's say they are, you know, thinking about becoming a customer,

831
00:40:31,480 --> 00:40:35,840
Speaker 4: they can go to RG dot DraftKings dot com and

832
00:40:36,040 --> 00:40:39,520
Speaker 4: see everything that's available in the Responsible Gaming Center. So,

833
00:40:39,680 --> 00:40:41,919
Speaker 4: you know, I tell everyone I know, whether they place

834
00:40:42,000 --> 00:40:44,759
Speaker 4: a bet or not, they probably know somebody who does.

835
00:40:45,440 --> 00:40:48,040
Speaker 4: And you know, sometimes people don't want to listen to me.

836
00:40:48,120 --> 00:40:50,080
Speaker 4: They want to listen to their friends or relatives. So

837
00:40:50,239 --> 00:40:52,640
Speaker 4: I encourage everybody to take a look at that it's

838
00:40:52,760 --> 00:40:56,120
Speaker 4: RG dot DraftKings dot com and they can see the

839
00:40:56,239 --> 00:40:58,760
Speaker 4: suite of tools and resources that we have available.

840
00:40:58,880 --> 00:41:01,239
Speaker 2: Oh the cold thing is it predictive? You said card

841
00:41:01,320 --> 00:41:03,279
Speaker 2: game on there, Lorie, that you can if you're like, ah,

842
00:41:03,360 --> 00:41:05,040
Speaker 2: this is the first time I've bet, And there's a

843
00:41:05,080 --> 00:41:07,080
Speaker 2: lot of people logging on and getting an account for

844
00:41:07,120 --> 00:41:09,520
Speaker 2: the first time listening with march Madness here. It's a

845
00:41:09,640 --> 00:41:12,520
Speaker 2: huge betting opportunity for folks. And yeah, maybe you fill

846
00:41:12,560 --> 00:41:14,399
Speaker 2: out a bracket at work, that's a little different. A couple,

847
00:41:14,560 --> 00:41:16,120
Speaker 2: you know, ten bucks here or there isn't going to

848
00:41:16,680 --> 00:41:19,880
Speaker 2: force anyone into bankruptcy. But you know, we've seen cases

849
00:41:19,920 --> 00:41:22,319
Speaker 2: where people do abuse it, and it's a great way

850
00:41:22,400 --> 00:41:24,320
Speaker 2: to predict if you might be of you know, have

851
00:41:24,440 --> 00:41:27,000
Speaker 2: that vulnerability. And I think it's a really responsible thing

852
00:41:27,080 --> 00:41:28,800
Speaker 2: you do there. And I know you guys do this,

853
00:41:28,880 --> 00:41:31,520
Speaker 2: but but other gaming platforms do as well too. You

854
00:41:31,600 --> 00:41:34,520
Speaker 2: also work with state gaming regulators too. Is there a

855
00:41:34,600 --> 00:41:37,920
Speaker 2: baseline of responsible gaming tools that every legal operator like

856
00:41:37,960 --> 00:41:40,759
Speaker 2: yourselves at DraftKings are required to provide? And do you

857
00:41:40,840 --> 00:41:42,360
Speaker 2: do you just meet that or you go above it?

858
00:41:43,880 --> 00:41:47,080
Speaker 4: Yeah, it's another great sky. You're a man of great questions.

859
00:41:48,400 --> 00:41:50,120
Speaker 2: Yeah, that's what they paid me very little to do.

860
00:41:51,400 --> 00:41:51,560
Speaker 7: Well.

861
00:41:51,680 --> 00:41:53,600
Speaker 4: Yeah, well, I'm going to put you in for I

862
00:41:53,640 --> 00:41:54,120
Speaker 4: make all my.

863
00:41:54,160 --> 00:41:54,960
Speaker 2: Money in draftings.

864
00:41:55,000 --> 00:41:58,279
Speaker 4: There you go, there you get, and I hope you're

865
00:41:58,360 --> 00:42:04,319
Speaker 4: using the tools. So now I forgot the question. Tell

866
00:42:04,320 --> 00:42:04,799
Speaker 4: me the question.

867
00:42:04,960 --> 00:42:08,400
Speaker 2: Okay, here's the question again. It's Lori Kalin. She's with DraftKings.

868
00:42:08,440 --> 00:42:11,960
Speaker 2: We're talking with March madness here being that time of

869
00:42:12,040 --> 00:42:13,359
Speaker 2: year where a lot of people are going to get

870
00:42:13,400 --> 00:42:15,080
Speaker 2: on and bet for the first time, and maybe you

871
00:42:15,320 --> 00:42:18,960
Speaker 2: are a loved one. The element of state gaming regulation,

872
00:42:19,080 --> 00:42:21,080
Speaker 2: do you meet or exceed what the state of Ohio,

873
00:42:21,280 --> 00:42:23,320
Speaker 2: the Commonwealth of Kentucky, or the state of Indiana, or

874
00:42:23,320 --> 00:42:26,440
Speaker 2: anyone listening for that matter, that their state set. I'm

875
00:42:26,440 --> 00:42:28,080
Speaker 2: sure there's a minimum bar there. Do you guys go

876
00:42:28,120 --> 00:42:28,440
Speaker 2: above that?

877
00:42:29,640 --> 00:42:31,640
Speaker 4: Yes, thank you, thanks for the repeat.

878
00:42:31,960 --> 00:42:32,160
Speaker 3: Yes.

879
00:42:32,360 --> 00:42:37,040
Speaker 4: Absolutely. Most states, I'd say the vast majority of them,

880
00:42:37,160 --> 00:42:40,760
Speaker 4: require that we have the opportunity for somebody to self exclude,

881
00:42:40,800 --> 00:42:44,160
Speaker 4: which is entirely block themselves from our app And then

882
00:42:44,480 --> 00:42:48,719
Speaker 4: i'd say the standard RG or responsible gaming limits that

883
00:42:48,800 --> 00:42:53,080
Speaker 4: were required to have are on deposits and also on time.

884
00:42:53,320 --> 00:42:56,200
Speaker 4: But we go far above and beyond that. I mean,

885
00:42:56,280 --> 00:43:01,040
Speaker 4: we have, as you mentioned, we have the gammaized game.

886
00:43:01,200 --> 00:43:05,279
Speaker 4: We have information on smart bedding. We have something called

887
00:43:05,320 --> 00:43:07,480
Speaker 4: my stat Sheet we're super proud of. It's about a

888
00:43:07,560 --> 00:43:10,759
Speaker 4: two year old tool that we built, and that's a

889
00:43:10,880 --> 00:43:15,880
Speaker 4: personalized dashboard where everybody who's on draftings can see all

890
00:43:15,960 --> 00:43:18,640
Speaker 4: of their activity over the last thirty days, over the

891
00:43:18,760 --> 00:43:22,400
Speaker 4: last years, since the lifetime of their accounts. I had

892
00:43:22,440 --> 00:43:24,840
Speaker 4: no idea that we go above and beyond. Yes, this

893
00:43:25,040 --> 00:43:26,919
Speaker 4: is my full time job, and we have a whole

894
00:43:26,960 --> 00:43:29,359
Speaker 4: team of people that work on this all day, every day,

895
00:43:29,920 --> 00:43:33,000
Speaker 4: and we're trying to be the best, and you know,

896
00:43:33,160 --> 00:43:35,520
Speaker 4: give all of our customers various options.

897
00:43:35,680 --> 00:43:38,319
Speaker 2: You talked to other radio shows, TV, you do all

898
00:43:38,400 --> 00:43:41,400
Speaker 2: those things, and you're on presumably with my colleagues here

899
00:43:41,440 --> 00:43:44,279
Speaker 2: in Cincinnati and iHeart stations. If I'm asking the last

900
00:43:44,280 --> 00:43:46,719
Speaker 2: two questions, as you said, are excellent questions. What level

901
00:43:46,760 --> 00:43:49,680
Speaker 2: of stupid are my colleagues? What kind of dumb questions

902
00:43:49,680 --> 00:43:50,320
Speaker 2: are I asking you?

903
00:43:52,120 --> 00:43:54,600
Speaker 4: They're all great? I mean the people in Ohio.

904
00:43:54,719 --> 00:43:56,880
Speaker 2: No, no, no, no, no, my colleagues are people in

905
00:43:57,040 --> 00:43:59,840
Speaker 2: radio are largely dumb. Lord, you need to know this defect.

906
00:44:00,120 --> 00:44:03,359
Speaker 2: We do your job. We are stupid, self loathing people.

907
00:44:03,480 --> 00:44:05,680
Speaker 2: You know this right, People in the radio were.

908
00:44:05,560 --> 00:44:08,919
Speaker 4: Not the brightest, no, but you're the best looking.

909
00:44:11,640 --> 00:44:14,280
Speaker 2: So what happens when you flag a customer who's potentially

910
00:44:14,280 --> 00:44:16,480
Speaker 2: at risk. Let's say I do this card game like

911
00:44:17,000 --> 00:44:18,680
Speaker 2: I'll be fine, and they go in and all of

912
00:44:18,719 --> 00:44:21,160
Speaker 2: a sudden, what do you have like behind the scenes?

913
00:44:21,200 --> 00:44:23,359
Speaker 2: Are there triggers? Do you get like alerts saying, hey,

914
00:44:23,400 --> 00:44:26,239
Speaker 2: Scott's loan's account here in Cincinnati, there may be something

915
00:44:26,320 --> 00:44:28,160
Speaker 2: going on. How do you know that there they could

916
00:44:28,200 --> 00:44:29,160
Speaker 2: be abusing it?

917
00:44:30,480 --> 00:44:33,640
Speaker 4: Yeah, we have. We have systems that are first of all,

918
00:44:33,760 --> 00:44:37,320
Speaker 4: monitoring all written communications. So if somebody's making a statement

919
00:44:37,440 --> 00:44:40,759
Speaker 4: that would indicate that they may be in distress, we

920
00:44:40,920 --> 00:44:45,280
Speaker 4: are flagging those accounts and interacting and engaging with those customers.

921
00:44:45,440 --> 00:44:48,480
Speaker 4: But then we also have systems in the background that

922
00:44:48,560 --> 00:44:51,359
Speaker 4: are looking at the time somebody spends on the app

923
00:44:51,560 --> 00:44:56,279
Speaker 4: or even you know, frequency of deposits. So they're very

924
00:44:56,320 --> 00:45:01,440
Speaker 4: smart systems, and we send in app messages to those

925
00:45:01,520 --> 00:45:04,680
Speaker 4: people and you know, those can escalate over time, and

926
00:45:05,360 --> 00:45:08,640
Speaker 4: in many cases we will manually review accounts when we

927
00:45:08,760 --> 00:45:11,920
Speaker 4: think there's potentially some issue going on there. But by

928
00:45:12,000 --> 00:45:16,200
Speaker 4: and large, we really find that educating people and the

929
00:45:16,320 --> 00:45:19,920
Speaker 4: people who are customers who are stay informed and are

930
00:45:20,000 --> 00:45:23,319
Speaker 4: self aware are able to use our tools and really

931
00:45:23,440 --> 00:45:25,080
Speaker 4: keep it fun. Because at the end of the day,

932
00:45:25,239 --> 00:45:27,920
Speaker 4: if somebody's out of control, they're not having fun. And

933
00:45:28,080 --> 00:45:30,879
Speaker 4: we are an entertainment company and you know, we want

934
00:45:30,960 --> 00:45:34,280
Speaker 4: everybody to have fun. So everybody's got a different budget,

935
00:45:34,400 --> 00:45:36,920
Speaker 4: but we've got something for everybody.

936
00:45:38,320 --> 00:45:42,880
Speaker 2: Obviously, Graftkings, you're a for profit company, so there's tension there. Right,

937
00:45:42,960 --> 00:45:45,120
Speaker 2: you have to make money, but at the same time

938
00:45:45,200 --> 00:45:48,560
Speaker 2: you have to keep customers engaged with responsibility and telling

939
00:45:48,560 --> 00:45:51,160
Speaker 2: them the slow down or stop, which is counterintuitive to

940
00:45:51,239 --> 00:45:52,520
Speaker 2: the profit margin. How do you bounce it?

941
00:45:54,320 --> 00:45:57,520
Speaker 4: Well, it's about sustaining a customer, right. We spend a

942
00:45:57,600 --> 00:46:00,759
Speaker 4: lot of money and effort trying to bring customers. Do

943
00:46:01,000 --> 00:46:03,520
Speaker 4: the DraftKings app. There's lots of competition out there, and

944
00:46:03,680 --> 00:46:06,440
Speaker 4: we don't want to lose our customers. We want them

945
00:46:06,480 --> 00:46:08,160
Speaker 4: to have fun. And like I said to me, it's

946
00:46:08,200 --> 00:46:11,440
Speaker 4: a really simple formula. If somebody is out of control,

947
00:46:11,960 --> 00:46:14,719
Speaker 4: then they're not going. Then they're going to self exclude,

948
00:46:14,880 --> 00:46:16,600
Speaker 4: or they're going to have a bad experience and never

949
00:46:16,719 --> 00:46:19,319
Speaker 4: come back. So this is, you know, the long game,

950
00:46:19,600 --> 00:46:22,240
Speaker 4: and we want customers to spend what they can afford.

951
00:46:22,320 --> 00:46:25,440
Speaker 4: We know that everybody has an entertainment budget, and if

952
00:46:25,520 --> 00:46:28,800
Speaker 4: Scott Sloan has decided he wants to spend his entertainment

953
00:46:28,920 --> 00:46:31,759
Speaker 4: money on, you know, having some skin in the game,

954
00:46:31,880 --> 00:46:34,239
Speaker 4: we want you to spend it with us. And that's

955
00:46:34,280 --> 00:46:36,000
Speaker 4: all there is to it. And you know we want

956
00:46:36,040 --> 00:46:37,080
Speaker 4: lots of happy customers.

957
00:46:37,160 --> 00:46:37,880
Speaker 2: Yeah, ba, I get it.

958
00:46:38,040 --> 00:46:39,600
Speaker 4: I don't really see attention there.

959
00:46:39,800 --> 00:46:42,759
Speaker 2: Yeah. And I know people personally who have got in

960
00:46:42,840 --> 00:46:44,879
Speaker 2: with the you know, in college, because we know younger

961
00:46:44,920 --> 00:46:47,920
Speaker 2: people get into March Madness a lot, not exclusively, of course,

962
00:46:47,960 --> 00:46:49,600
Speaker 2: it's a younger audience. I know people have gotten into

963
00:46:49,600 --> 00:46:52,560
Speaker 2: trouble doing this before, so it's a responsible thing to do.

964
00:46:52,840 --> 00:46:55,280
Speaker 2: And you know, we have college athletes now themselves prohibited

965
00:46:55,320 --> 00:46:57,239
Speaker 2: for betting and some may How do you how do

966
00:46:57,280 --> 00:46:59,600
Speaker 2: you approach age verification make sure it's not become a

967
00:46:59,640 --> 00:47:03,080
Speaker 2: platform for underage gambling, because I know that this coincides

968
00:47:03,200 --> 00:47:06,160
Speaker 2: with a bill out of California right now called the

969
00:47:06,280 --> 00:47:08,680
Speaker 2: Protecting Our Kids from Gambling Addiction Act, which is a

970
00:47:08,719 --> 00:47:12,320
Speaker 2: long name, but it prohibit online gaming operators like yourself

971
00:47:12,360 --> 00:47:16,240
Speaker 2: at DraftKings in predictive market platforms from providing gambling services

972
00:47:16,280 --> 00:47:20,319
Speaker 2: to minors or advertising. And you know again, I think

973
00:47:20,320 --> 00:47:22,000
Speaker 2: a parent gives a kid a credit card, they got

974
00:47:22,120 --> 00:47:24,360
Speaker 2: to monitor what the kids spending the money on because

975
00:47:24,800 --> 00:47:26,440
Speaker 2: able to see it right there. I think there's a

976
00:47:26,480 --> 00:47:29,200
Speaker 2: lot of parental accountability goes by the wayside when lawmakers

977
00:47:29,239 --> 00:47:31,239
Speaker 2: get involved. But how do you balance that out with

978
00:47:31,280 --> 00:47:33,440
Speaker 2: a younger audience and young people getting involved?

979
00:47:34,719 --> 00:47:37,640
Speaker 4: Yeah, we have zero tolerance. I have zero tolerance for

980
00:47:37,760 --> 00:47:41,400
Speaker 4: anybody under age on this platform. I mean betting is

981
00:47:41,480 --> 00:47:44,839
Speaker 4: an adult form of entertainment and there is no place

982
00:47:44,920 --> 00:47:47,600
Speaker 4: for people that are underage. And so we start with,

983
00:47:47,800 --> 00:47:52,720
Speaker 4: you know, very strict verification of you know, every person

984
00:47:52,760 --> 00:47:56,200
Speaker 4: who opens an account, right so it's kyc. We use

985
00:47:56,239 --> 00:48:00,960
Speaker 4: the same vendors that the financial institutions use. But as

986
00:48:01,040 --> 00:48:04,840
Speaker 4: in your example, if you know, Scott's mother gives her

987
00:48:04,920 --> 00:48:07,080
Speaker 4: seventeen year old to credit card and opens an account

988
00:48:07,120 --> 00:48:10,040
Speaker 4: in her name, that's a violation of our terms. But

989
00:48:10,160 --> 00:48:13,799
Speaker 4: our systems are very smart and so oftentimes I can't

990
00:48:13,840 --> 00:48:16,879
Speaker 4: tell you exactly how it happens, but our systems will

991
00:48:17,040 --> 00:48:21,160
Speaker 4: identify when there's somebody underage that we believe is playing

992
00:48:21,239 --> 00:48:24,080
Speaker 4: on someone else's account, and in those cases, we block

993
00:48:24,160 --> 00:48:27,719
Speaker 4: the account and we reach out and verify who it

994
00:48:27,880 --> 00:48:30,600
Speaker 4: is that's actually placing those bests. I mean, in most

995
00:48:30,719 --> 00:48:33,040
Speaker 4: jurisdictions that I'm aware of, it's a violation of not

996
00:48:33,160 --> 00:48:35,600
Speaker 4: only our terms of service, it's a violation of the law.

997
00:48:35,760 --> 00:48:37,920
Speaker 4: And you know, I grew up in Las Vegas, right,

998
00:48:38,160 --> 00:48:40,680
Speaker 4: so I've been around gambling my entire life, and I

999
00:48:41,560 --> 00:48:44,960
Speaker 4: start from a place where you know, there's an age

1000
00:48:45,040 --> 00:48:48,640
Speaker 4: for gambling, and there's you know, underage and we have

1001
00:48:48,800 --> 00:48:51,759
Speaker 4: no place for that on our app. And unfortunately, there

1002
00:48:51,800 --> 00:48:55,040
Speaker 4: are social media sites and there are illegal sites that

1003
00:48:55,120 --> 00:48:58,840
Speaker 4: are marketing to teenagers and it's really it's terrible. And

1004
00:48:58,960 --> 00:49:00,879
Speaker 4: if I had a bad i'd go out and shut

1005
00:49:00,920 --> 00:49:01,720
Speaker 4: them down myself.

1006
00:49:02,360 --> 00:49:04,760
Speaker 2: Yeah, And unfortunately, I mean, you could do age verification,

1007
00:49:04,920 --> 00:49:07,080
Speaker 2: I think for a lot of things Pornographer example, because

1008
00:49:07,120 --> 00:49:09,320
Speaker 2: it's largely free. But in order to engage in what

1009
00:49:09,360 --> 00:49:11,720
Speaker 2: we're talking about here, and that is march madness and gambling,

1010
00:49:11,760 --> 00:49:15,000
Speaker 2: and specifically on a platform like DraftKings Man, You've got

1011
00:49:15,120 --> 00:49:16,840
Speaker 2: to go through a lot of steps to pretend that

1012
00:49:17,640 --> 00:49:19,200
Speaker 2: I mean, you guys are looking for. What I'm saying

1013
00:49:19,280 --> 00:49:22,480
Speaker 2: is I don't know a ten, twelve, fourteen year old

1014
00:49:22,560 --> 00:49:25,080
Speaker 2: that can have it our own credit card if that's

1015
00:49:25,120 --> 00:49:27,279
Speaker 2: what we're concerned about without the parents' knowledge, and if

1016
00:49:27,280 --> 00:49:29,040
Speaker 2: the parents get my card and don't bother the check

1017
00:49:29,080 --> 00:49:31,359
Speaker 2: where they're spending their money, I don't know how that's

1018
00:49:31,400 --> 00:49:35,880
Speaker 2: on any operator like yourselves, on any platform or predictive markets.

1019
00:49:35,880 --> 00:49:38,799
Speaker 2: Another big one too that's coming out that do things

1020
00:49:38,840 --> 00:49:41,800
Speaker 2: besides sports. That's outside of your scope obviously Lorid Klanney

1021
00:49:42,040 --> 00:49:44,480
Speaker 2: at DraftKings, but I think it applies is that, like,

1022
00:49:44,800 --> 00:49:47,440
Speaker 2: you know, we can put all these measures in place,

1023
00:49:47,520 --> 00:49:49,880
Speaker 2: but it's a partnership. Mom and dad have to be

1024
00:49:49,920 --> 00:49:51,200
Speaker 2: actively involved in this as well.

1025
00:49:52,800 --> 00:49:56,719
Speaker 4: Yeah, I completely agree, And you know that's why I

1026
00:49:57,320 --> 00:49:59,440
Speaker 4: go on TV and I go on the radio and

1027
00:49:59,560 --> 00:50:02,439
Speaker 4: I say, I want everybody to go to RG dot

1028
00:50:02,560 --> 00:50:05,960
Speaker 4: DraftKings dot com, even if you're never planning to have

1029
00:50:06,080 --> 00:50:09,359
Speaker 4: a DraftKings account or place a wager on a game,

1030
00:50:09,480 --> 00:50:13,560
Speaker 4: because everybody I talk to knows somebody who does. And

1031
00:50:13,760 --> 00:50:17,440
Speaker 4: so the more we as a society are talking about this,

1032
00:50:17,640 --> 00:50:20,080
Speaker 4: it's you know, it's like taking an uber when you

1033
00:50:20,239 --> 00:50:23,040
Speaker 4: go out to dinner. You don't necessarily think you're going

1034
00:50:23,160 --> 00:50:25,279
Speaker 4: to have one too many to drink, but you take

1035
00:50:25,320 --> 00:50:28,400
Speaker 4: it anyway because you're responsible. Right, So if you know,

1036
00:50:28,719 --> 00:50:31,440
Speaker 4: my goal is to have everybody use the tools that

1037
00:50:31,600 --> 00:50:34,480
Speaker 4: we've built, will continue to innovate. We're going to make

1038
00:50:34,520 --> 00:50:37,279
Speaker 4: them better, smarter. I mean, they're great right now. We're

1039
00:50:37,520 --> 00:50:40,160
Speaker 4: like the top rated RG program in the country. But

1040
00:50:40,760 --> 00:50:42,839
Speaker 4: you know we're gonna we're not stopping. I have an

1041
00:50:43,040 --> 00:50:45,719
Speaker 4: entire team that works on this night and day, and

1042
00:50:46,760 --> 00:50:49,560
Speaker 4: we're gonna, you know, keep pounding the drum here.

1043
00:50:49,840 --> 00:50:51,960
Speaker 2: And uh, it sounds like it's part and part of

1044
00:50:52,000 --> 00:50:54,520
Speaker 2: the corporate the corporate DNA as opposed to just say

1045
00:50:54,600 --> 00:50:56,440
Speaker 2: we got to check a box here, which, hey, if

1046
00:50:56,440 --> 00:50:58,560
Speaker 2: you're a paarent, you're going, okay, that's that's that's really good.

1047
00:50:58,600 --> 00:51:00,879
Speaker 2: That's why I like DraftKings one of the many reasons why.

1048
00:51:01,000 --> 00:51:03,600
Speaker 2: But I'm looking at and I'm looking at this case

1049
00:51:03,640 --> 00:51:07,239
Speaker 2: out of California that says that you, guys and other

1050
00:51:07,280 --> 00:51:10,520
Speaker 2: provide predictive gambling companies are running the big tobacco playbook.

1051
00:51:10,520 --> 00:51:12,719
Speaker 2: They're targeting kids, hooking them young, and betting they'll become

1052
00:51:12,800 --> 00:51:16,600
Speaker 2: lifelong customers. Their reach. Research says more than a third

1053
00:51:16,600 --> 00:51:19,600
Speaker 2: of boys ages eleven to seventeen already gambling, and most

1054
00:51:19,600 --> 00:51:21,440
Speaker 2: of them didn't go looking for it, it found them. Well,

1055
00:51:21,520 --> 00:51:24,160
Speaker 2: that's social media, that's advertising, and that's the algorithm. But

1056
00:51:25,040 --> 00:51:26,880
Speaker 2: I want to know what eleven year old has access

1057
00:51:26,920 --> 00:51:29,400
Speaker 2: to a credit card because generally you can't secure a

1058
00:51:29,760 --> 00:51:33,640
Speaker 2: credit card at that age. So I think I put it.

1059
00:51:33,760 --> 00:51:36,319
Speaker 2: But you know it's again it's California, and then they're

1060
00:51:36,360 --> 00:51:38,960
Speaker 2: looking for reasons to go after big companies. I understand that,

1061
00:51:39,120 --> 00:51:41,120
Speaker 2: but I think it's kind of a baseless suit or

1062
00:51:41,120 --> 00:51:44,000
Speaker 2: a baseless cause myself. If you're doing all these things

1063
00:51:44,080 --> 00:51:45,680
Speaker 2: to try and weed that out, you can only do

1064
00:51:45,800 --> 00:51:48,120
Speaker 2: so much in order to do that, and sounds like

1065
00:51:48,160 --> 00:51:50,440
Speaker 2: you're doing way above that. She is a Lori Kalani

1066
00:51:50,440 --> 00:51:53,000
Speaker 2: at DraftKings. Thanks for come on the show this March

1067
00:51:53,080 --> 00:51:55,360
Speaker 2: Madness season and laying it out. If this is you

1068
00:51:55,480 --> 00:51:57,080
Speaker 2: and you're like, I didn't know this stuff was out there,

1069
00:51:57,120 --> 00:51:58,719
Speaker 2: and maybe you're gonna dip a tel Win or you're

1070
00:51:58,719 --> 00:52:01,879
Speaker 2: having a friend, family member, maybe something like that, I'll

1071
00:52:01,920 --> 00:52:04,160
Speaker 2: point them in that direction and there's some tools in

1072
00:52:04,200 --> 00:52:05,640
Speaker 2: there that can help to make sure that they're not

1073
00:52:05,719 --> 00:52:07,520
Speaker 2: betting over their head. Laurie all the best. Thanks for

1074
00:52:07,600 --> 00:52:09,920
Speaker 2: jumping on this morning, and I apologize for my colleagues.

1075
00:52:12,000 --> 00:52:13,920
Speaker 4: Thanks so much, Scott, have a good day, have.

1076
00:52:13,960 --> 00:52:15,400
Speaker 2: A great day. Thank you. We got to get a

1077
00:52:15,440 --> 00:52:19,560
Speaker 2: news update in on seven hundred WW in just minutes.

1078
00:52:19,560 --> 00:52:21,320
Speaker 2: It was a nightmare this morning driving in, wasn't it.

1079
00:52:21,480 --> 00:52:23,759
Speaker 2: I got bogged down by the seventy one shut down.

1080
00:52:23,800 --> 00:52:26,400
Speaker 2: You may have got seventy five ornything else And hopefully

1081
00:52:26,480 --> 00:52:28,080
Speaker 2: this is it because it looks like it's going to

1082
00:52:28,120 --> 00:52:31,160
Speaker 2: warm up here, not maybe tomorrow again. We have some

1083
00:52:31,280 --> 00:52:34,560
Speaker 2: light snow tomorrow, but back up to forty five eventually,

1084
00:52:35,040 --> 00:52:37,560
Speaker 2: and then we look nice and warm starting on Thursday

1085
00:52:37,640 --> 00:52:40,560
Speaker 2: and moving back into what the temperature should feel like

1086
00:52:41,040 --> 00:52:45,080
Speaker 2: this time of year. News update happens next, and more

1087
00:52:45,120 --> 00:52:47,319
Speaker 2: to follow, including I beg I've been doing some good

1088
00:52:47,400 --> 00:52:50,520
Speaker 2: toilet thinking here lately about this straight of horror moves problem.

1089
00:52:51,120 --> 00:52:53,040
Speaker 2: I think I might have a solution for you, or

1090
00:52:53,160 --> 00:52:56,080
Speaker 2: maybe it's just more stupidity coming up next seven hundred WW.

1091
00:52:58,040 --> 00:53:03,680
Speaker 2: Scott Sloan shows seven hundred Happy, Happy, and hate. Try

1092
00:53:03,760 --> 00:53:06,280
Speaker 2: that again three two on Scott Flowing seven hundred WWW.

1093
00:53:07,239 --> 00:53:09,760
Speaker 2: Happy Saint Patrick's Day, even though it's a racist holiday.

1094
00:53:10,880 --> 00:53:12,759
Speaker 2: I got into that after nine thirty. I don't want

1095
00:53:12,760 --> 00:53:15,759
Speaker 2: to go back into that well. But keep seeing everybody

1096
00:53:15,840 --> 00:53:17,560
Speaker 2: on the news is wearing their green hats and the

1097
00:53:17,600 --> 00:53:21,360
Speaker 2: green tin, green green granite. Where are the cultural misappropriations

1098
00:53:21,440 --> 00:53:25,080
Speaker 2: idiots on Saint Patrick's Day? I ask you, the same

1099
00:53:25,120 --> 00:53:30,200
Speaker 2: people that complained about the cultural misappropriation of Sinco de Mayo,

1100
00:53:31,480 --> 00:53:35,600
Speaker 2: the same people who canceled Columbus Day, not offended at

1101
00:53:35,600 --> 00:53:40,719
Speaker 2: all by by little people in green suits. It's it's

1102
00:53:40,760 --> 00:53:43,640
Speaker 2: the funniest damn thing to show you just how insincere

1103
00:53:43,680 --> 00:53:46,520
Speaker 2: they are. At least, if anything, I am consistent. I

1104
00:53:46,640 --> 00:53:49,520
Speaker 2: try to be consistent, try to be consistent. So I

1105
00:53:49,600 --> 00:53:53,239
Speaker 2: did some really good research yesterday. I was on the

1106
00:53:53,320 --> 00:53:56,279
Speaker 2: toilet and just kind of got down a rabbit hole

1107
00:53:57,520 --> 00:53:59,160
Speaker 2: and I'm thinking, all right, we got these straight. And

1108
00:53:59,200 --> 00:54:01,360
Speaker 2: foremost here's the problem. We need cheap oil. Right for

1109
00:54:01,480 --> 00:54:02,960
Speaker 2: us to do what we do in America, we need

1110
00:54:03,040 --> 00:54:05,920
Speaker 2: cheap oil. We need all to be almost free, like bucket.

1111
00:54:06,000 --> 00:54:08,880
Speaker 2: Gal'd be great. COVID. That was the one good thing

1112
00:54:08,920 --> 00:54:12,600
Speaker 2: about COVID. No one was driving. I had to show

1113
00:54:12,640 --> 00:54:14,160
Speaker 2: to work if you had to work during COVID, And

1114
00:54:14,280 --> 00:54:17,080
Speaker 2: actually report to office like I did before I figured

1115
00:54:17,080 --> 00:54:19,120
Speaker 2: it out, working from home. It was like a car

1116
00:54:19,239 --> 00:54:22,520
Speaker 2: commercial was a car commercially. They got the road to myself.

1117
00:54:22,640 --> 00:54:25,520
Speaker 2: No one's on these streets. I'm in a major metropolitanaria

1118
00:54:25,960 --> 00:54:28,279
Speaker 2: and the only car in the road just happens, even

1119
00:54:28,280 --> 00:54:30,000
Speaker 2: to this brand new model we're trying to sell you

1120
00:54:30,600 --> 00:54:33,800
Speaker 2: and that people look happy and smug, and it's amazing.

1121
00:54:34,160 --> 00:54:36,440
Speaker 2: It's absolute unless you're, you know, going off road, and

1122
00:54:36,520 --> 00:54:39,239
Speaker 2: then you're climbing a mountain tone of I don't know,

1123
00:54:39,360 --> 00:54:42,040
Speaker 2: some sort of ingot like I don't know the middle

1124
00:54:42,080 --> 00:54:45,000
Speaker 2: of the sphere in Las Vegas or something. You're tone

1125
00:54:45,080 --> 00:54:47,560
Speaker 2: up a hill. But I digress, as I usually do.

1126
00:54:48,560 --> 00:54:51,800
Speaker 2: So we need cheap oil, and Iran has effectively closed

1127
00:54:51,840 --> 00:54:54,480
Speaker 2: the straight up our moves. So we got a thousand

1128
00:54:54,520 --> 00:54:56,439
Speaker 2: plus cargo ships and the ones that move are getting

1129
00:54:56,480 --> 00:54:58,240
Speaker 2: bombed the hell out. Now we're trying to get allies

1130
00:54:58,239 --> 00:55:00,880
Speaker 2: on our side to escort these things. You know, all

1131
00:55:00,920 --> 00:55:02,560
Speaker 2: you need is one drone to get through with a bomb,

1132
00:55:02,600 --> 00:55:04,560
Speaker 2: and it's over where do you Some tankers go up

1133
00:55:04,560 --> 00:55:06,919
Speaker 2: in flames, and of course this is what is driving

1134
00:55:07,000 --> 00:55:10,560
Speaker 2: up the cost of fuel. So Iran is attacking ships.

1135
00:55:10,560 --> 00:55:14,319
Speaker 2: They're laying mines in the Strait. And the Strait, by

1136
00:55:14,320 --> 00:55:16,400
Speaker 2: the way, and you probably have already heard, this carries

1137
00:55:16,440 --> 00:55:19,520
Speaker 2: a quarter of the world's liquid national gas. It's called

1138
00:55:19,719 --> 00:55:24,560
Speaker 2: LNG liquid natural gas. And at the narrowest point, and

1139
00:55:24,640 --> 00:55:27,200
Speaker 2: that would be the Strait, it's about twenty one nautical

1140
00:55:27,280 --> 00:55:29,799
Speaker 2: miles wide. At its narrowest it's pretty it's about thirty miles,

1141
00:55:29,840 --> 00:55:32,399
Speaker 2: so it's really really narrow. And this is the choke

1142
00:55:32,480 --> 00:55:34,720
Speaker 2: point then, where Iran can launch stuff at these ships

1143
00:55:34,800 --> 00:55:37,239
Speaker 2: and essentially close it. And so how do you work

1144
00:55:37,280 --> 00:55:39,640
Speaker 2: around that one mask It's like, okay, well that's the problem.

1145
00:55:40,320 --> 00:55:43,359
Speaker 2: Geology is the problem. How do we fix that? How

1146
00:55:43,440 --> 00:55:46,120
Speaker 2: do we fix it? Because reopening it is pretty hard.

1147
00:55:46,120 --> 00:55:49,040
Speaker 2: They've got small fast boats that are abusings for mine laying,

1148
00:55:49,600 --> 00:55:51,840
Speaker 2: and it's harder to counter than large naval forces. So

1149
00:55:51,920 --> 00:55:54,320
Speaker 2: the little boats are doing the mine dropping. And that

1150
00:55:54,440 --> 00:55:56,440
Speaker 2: transit lane is, you know, three four miles from the

1151
00:55:56,480 --> 00:55:59,799
Speaker 2: Iranian shore, and if you're a ship, a cargo ship

1152
00:56:00,160 --> 00:56:03,319
Speaker 2: or a tanker, you have what I'm told, less than

1153
00:56:03,360 --> 00:56:05,799
Speaker 2: two minutes to react to drone missile attacks. Not very

1154
00:56:06,040 --> 00:56:09,160
Speaker 2: big ship like that. It's awfully difficult to pivot. And

1155
00:56:09,360 --> 00:56:11,560
Speaker 2: you know, they use a remote controlled explosive boat to

1156
00:56:11,600 --> 00:56:15,520
Speaker 2: damage a tanker in Iraqi waters. And that's why we think, well,

1157
00:56:15,560 --> 00:56:17,560
Speaker 2: we may need a ground operation and secure the coast.

1158
00:56:17,600 --> 00:56:18,920
Speaker 2: And the last thing we want to do is put

1159
00:56:18,960 --> 00:56:22,520
Speaker 2: boots on the ground. The last thing we don't want

1160
00:56:22,560 --> 00:56:24,200
Speaker 2: to I shouldn't say the last thing. It's the thing

1161
00:56:24,280 --> 00:56:26,319
Speaker 2: we don't want to do at all, is put boots

1162
00:56:26,360 --> 00:56:29,600
Speaker 2: on the ground in Iran. Now, Trump called for an

1163
00:56:29,640 --> 00:56:32,600
Speaker 2: international naval task force, and there's reluctant to do that

1164
00:56:32,680 --> 00:56:34,640
Speaker 2: because you know, China is like, hey, no comment, nothing

1165
00:56:34,680 --> 00:56:38,480
Speaker 2: to see here, Japan doesn't have any plans, Germany is out,

1166
00:56:38,560 --> 00:56:43,480
Speaker 2: Australia is out, France is I think they don't want

1167
00:56:43,480 --> 00:56:46,640
Speaker 2: to escalate things. I think they already surrendered. And the

1168
00:56:46,760 --> 00:56:49,600
Speaker 2: UK may send some mine hunters, but we don't really

1169
00:56:49,640 --> 00:56:51,640
Speaker 2: want to send ships, they said, So we're like, hey,

1170
00:56:51,680 --> 00:56:54,960
Speaker 2: good luck with us, good luck with us. So the

1171
00:56:55,080 --> 00:56:58,360
Speaker 2: idea I had with was on the tone is what

1172
00:56:58,440 --> 00:57:01,760
Speaker 2: we did in Panama. So Panama, I have the Panama Canal,

1173
00:57:01,840 --> 00:57:04,960
Speaker 2: and that was what about fifty miles And we did

1174
00:57:05,040 --> 00:57:09,680
Speaker 2: that because largely because we wanted Rubber to come up

1175
00:57:09,680 --> 00:57:12,439
Speaker 2: from Panama so we can make card tires, Henry Ford.

1176
00:57:15,160 --> 00:57:16,880
Speaker 2: But it worked right, and we still have the Panama

1177
00:57:16,960 --> 00:57:19,160
Speaker 2: Canal today. I know we gave it back and Trump

1178
00:57:19,280 --> 00:57:21,920
Speaker 2: is thinking about we're sending that order that Carter did.

1179
00:57:22,000 --> 00:57:24,560
Speaker 2: But nonetheless we got this. What if we did a

1180
00:57:24,720 --> 00:57:29,600
Speaker 2: canal through that, Well, it's a peninsula. Just cut off

1181
00:57:29,640 --> 00:57:32,000
Speaker 2: the tip and that sounds very painful, I know, guys,

1182
00:57:32,080 --> 00:57:33,840
Speaker 2: but just cut off the tip a little bit there.

1183
00:57:34,840 --> 00:57:37,160
Speaker 2: And so it's so if you look at and I

1184
00:57:37,200 --> 00:57:39,560
Speaker 2: looked at Google or say, okay, how populated is it?

1185
00:57:39,840 --> 00:57:44,160
Speaker 2: There's some pockets that are because I mean, you know,

1186
00:57:44,720 --> 00:57:48,400
Speaker 2: Dubai's right there, and it's also the UA, but it's

1187
00:57:48,400 --> 00:57:50,520
Speaker 2: also a Mon, and a Mon really wants to be

1188
00:57:50,560 --> 00:57:52,680
Speaker 2: Switzerland there. Like we we're not the pick inside here.

1189
00:57:52,720 --> 00:57:54,080
Speaker 2: We're too small to them. As we don't want to

1190
00:57:54,200 --> 00:57:56,040
Speaker 2: mess anybody off. We're gonna just we're gonna sit here

1191
00:57:56,080 --> 00:58:00,160
Speaker 2: and make our oil money and be quiet. But if

1192
00:58:00,160 --> 00:58:02,160
Speaker 2: you went through those two countries, you could bypass that

1193
00:58:02,280 --> 00:58:06,440
Speaker 2: choke point entirely correct. And then what happens then if

1194
00:58:06,720 --> 00:58:09,680
Speaker 2: Iran really wants to continue doing what they do for

1195
00:58:09,840 --> 00:58:12,880
Speaker 2: years to come, it's gonna be awfully difficult because now

1196
00:58:12,920 --> 00:58:15,080
Speaker 2: they would be outside their territorial waters in order to

1197
00:58:15,160 --> 00:58:16,920
Speaker 2: do that, and be much more difficult for them to

1198
00:58:16,960 --> 00:58:19,880
Speaker 2: shut that down. Not saying it's impossible, but I'd be

1199
00:58:19,920 --> 00:58:22,480
Speaker 2: pretty close, depending on how deeply you cut in that peninsula.

1200
00:58:22,480 --> 00:58:23,960
Speaker 2: And now here's the issue though, as I looked at

1201
00:58:24,000 --> 00:58:26,280
Speaker 2: I look at Google earthwin are there some cities there,

1202
00:58:26,320 --> 00:58:28,200
Speaker 2: But there's a lot of dead space there you could

1203
00:58:28,200 --> 00:58:31,040
Speaker 2: cut through, and I'm not quite sure how. I'm pretty

1204
00:58:31,080 --> 00:58:34,240
Speaker 2: sure that property acquisition and eminent domain laws aren't what

1205
00:58:34,320 --> 00:58:36,600
Speaker 2: they are in the United States. In those countries, I'm

1206
00:58:36,600 --> 00:58:38,920
Speaker 2: pretty sure they could come and go, we're taking this here,

1207
00:58:39,960 --> 00:58:42,520
Speaker 2: if you really wanted to do this. But the problem,

1208
00:58:42,520 --> 00:58:47,560
Speaker 2: of course is geology. So the Panama Canals, I understand

1209
00:58:47,640 --> 00:58:51,560
Speaker 2: that was limestone in granite and compared to the Panama

1210
00:58:51,640 --> 00:58:54,840
Speaker 2: Canal that was volcanic soil fifty miles. As I said,

1211
00:58:55,240 --> 00:58:57,360
Speaker 2: that took ten years and killed thousands of people. Took

1212
00:58:57,400 --> 00:59:00,280
Speaker 2: a long time to do that. Now we're in the

1213
00:59:00,320 --> 00:59:03,440
Speaker 2: modern era, we have better technology, better knowledge, better science.

1214
00:59:03,520 --> 00:59:06,200
Speaker 2: So could you cut that down in a reasonable period maybe,

1215
00:59:06,400 --> 00:59:09,640
Speaker 2: depending how far you got to go. But the problem

1216
00:59:09,720 --> 00:59:13,160
Speaker 2: is it's a mountainous area, and so excavating that rock

1217
00:59:13,440 --> 00:59:16,040
Speaker 2: at scale is more expensive than soil. You're cutting through

1218
00:59:16,080 --> 00:59:18,720
Speaker 2: a mountain range, and it have to be wide enough

1219
00:59:18,760 --> 00:59:22,479
Speaker 2: and deep enough for supertankers and LNG vessels liquid natural

1220
00:59:22,520 --> 00:59:24,360
Speaker 2: gas to come through, and it have to be about

1221
00:59:24,400 --> 00:59:26,400
Speaker 2: twenty meters deep and pretty damn wide, and you have

1222
00:59:26,480 --> 00:59:28,320
Speaker 2: a lock system. And look at this way it took

1223
00:59:28,360 --> 00:59:31,160
Speaker 2: pan in the Panama Canal took nine billion dollars to

1224
00:59:31,280 --> 00:59:33,479
Speaker 2: expand it for mount it I said nine billion dollars

1225
00:59:33,520 --> 00:59:37,280
Speaker 2: for modern tankers. And this area that we're talking about

1226
00:59:37,320 --> 00:59:40,760
Speaker 2: through the Mussinden Peninsul and am on the rocky finger

1227
00:59:40,840 --> 00:59:44,160
Speaker 2: that's jutting out there that connects the Persian Golf to

1228
00:59:44,200 --> 00:59:46,600
Speaker 2: the Gulf of Aman and bypass the strait of our

1229
00:59:46,640 --> 00:59:50,400
Speaker 2: moose entirely. It would dwarf that cost for sure. However,

1230
00:59:51,600 --> 00:59:54,560
Speaker 2: they got oil money. That's a whole different level of

1231
00:59:54,640 --> 00:59:58,160
Speaker 2: money out there, right Like when they're Lamborghini runs out

1232
00:59:58,160 --> 00:59:59,840
Speaker 2: of gas, they don't go to the gas. They just

1233
01:00:00,080 --> 01:00:03,080
Speaker 2: get a new Lamborghini. They got that. They got stupid money.

1234
01:00:04,640 --> 01:00:06,480
Speaker 2: So I don't know money is an object in this

1235
01:00:06,560 --> 01:00:08,680
Speaker 2: case or technology for them, man. I mean Look how

1236
01:00:08,760 --> 01:00:14,320
Speaker 2: fast they're throwing buildings up in the UAE. It's it's impressive.

1237
01:00:16,200 --> 01:00:16,360
Speaker 7: Now.

1238
01:00:16,720 --> 01:00:19,800
Speaker 2: The other solution, of course, to the gas crisis would

1239
01:00:19,840 --> 01:00:23,000
Speaker 2: be another pipeline. There's already one there through the UAE,

1240
01:00:23,280 --> 01:00:27,680
Speaker 2: the Abu Dhabi pipeline, and that bypasses the straight entirely

1241
01:00:28,800 --> 01:00:31,400
Speaker 2: and they do about one point five million barrels a day,

1242
01:00:31,400 --> 01:00:33,920
Speaker 2: which is not a lot significant, but let's face that

1243
01:00:33,960 --> 01:00:36,240
Speaker 2: you're moving a lot more through to the strait than

1244
01:00:36,280 --> 01:00:38,360
Speaker 2: you are pipeline. So maybe the way to do this

1245
01:00:38,480 --> 01:00:42,800
Speaker 2: that is expanding the pipeline infrastructure, and you could do

1246
01:00:42,920 --> 01:00:46,600
Speaker 2: multiple ones cheaper and faster than canal. Now, it doesn't

1247
01:00:46,680 --> 01:00:49,400
Speaker 2: solve the tanker problem. Look, the real problem here is

1248
01:00:49,400 --> 01:00:52,160
Speaker 2: the liquid natural gas. Because gases, you know, they take

1249
01:00:52,200 --> 01:00:54,560
Speaker 2: gas and they turn it into a liquid because it's

1250
01:00:54,600 --> 01:00:57,960
Speaker 2: easier transport, it's more it's more effective because if you're

1251
01:00:58,040 --> 01:01:00,600
Speaker 2: just to take tankers of gas, you wouldn't have much

1252
01:01:00,600 --> 01:01:04,160
Speaker 2: gas in the tanker. However, if you liquefy it and

1253
01:01:04,280 --> 01:01:07,640
Speaker 2: then reconstitute it back into a gas from a liquid

1254
01:01:07,720 --> 01:01:10,360
Speaker 2: after it it goes to port and gets processed and refined,

1255
01:01:10,920 --> 01:01:13,720
Speaker 2: then that's how you do it. So you can't pipe

1256
01:01:13,960 --> 01:01:17,160
Speaker 2: liquid tanker. The say you can't do it. But you

1257
01:01:17,280 --> 01:01:19,640
Speaker 2: got two countries here, And I mentioned though, Man is

1258
01:01:19,680 --> 01:01:23,760
Speaker 2: pre politically neutral, and I would imagine they'd be reluctant

1259
01:01:23,760 --> 01:01:26,200
Speaker 2: to host something like this because it could make them

1260
01:01:26,200 --> 01:01:29,880
Speaker 2: a target. And Iran would look at construction's active war.

1261
01:01:30,040 --> 01:01:32,400
Speaker 2: Probably I don't know how, but maybe an active war.

1262
01:01:32,760 --> 01:01:35,280
Speaker 2: But boy, if you did something like this, couldn't you

1263
01:01:35,320 --> 01:01:37,520
Speaker 2: squeeze out I ran entirely. Now, it's going to take

1264
01:01:37,560 --> 01:01:39,920
Speaker 2: a long time, and maybe we need to have some

1265
01:01:40,040 --> 01:01:42,840
Speaker 2: patience here. If it took eight years or ten or

1266
01:01:42,880 --> 01:01:45,160
Speaker 2: whatever it took, I don't know. And would there be

1267
01:01:45,200 --> 01:01:46,840
Speaker 2: the impetus in the Middle East for them to do this,

1268
01:01:47,000 --> 01:01:50,120
Speaker 2: But it's a consideration because the issue here's real estate.

1269
01:01:50,840 --> 01:01:52,400
Speaker 2: Know a little bit about real estate. The issue is

1270
01:01:52,440 --> 01:01:55,320
Speaker 2: real estate. The whole reason why where war we know

1271
01:01:55,520 --> 01:01:56,960
Speaker 2: the problem in the Ran is because they cut off

1272
01:01:57,040 --> 01:01:59,600
Speaker 2: the supply of oil. Oil goes off the charts. We

1273
01:01:59,720 --> 01:02:02,160
Speaker 2: all flip out, We could pitulate, and then we do

1274
01:02:02,240 --> 01:02:04,080
Speaker 2: this all over again every few years, and maybe a

1275
01:02:04,080 --> 01:02:07,240
Speaker 2: different country, different cause. But I mean, this has happened

1276
01:02:07,280 --> 01:02:09,720
Speaker 2: a handful of times in my lifetime where Iran has said,

1277
01:02:09,720 --> 01:02:11,480
Speaker 2: we're cutting off the straight of our moves and we're

1278
01:02:11,480 --> 01:02:13,520
Speaker 2: gonna squeeze you when it comes to oil prices, which

1279
01:02:13,560 --> 01:02:15,520
Speaker 2: is why we need things like and Trump's right on this.

1280
01:02:15,600 --> 01:02:18,560
Speaker 2: We need energy in dependence. Maybe not fully, but we're

1281
01:02:18,600 --> 01:02:22,360
Speaker 2: still producing a lot more than we have and re

1282
01:02:22,520 --> 01:02:26,080
Speaker 2: establishing pipelines like the Keystone XL pipeline, getting that back online.

1283
01:02:26,520 --> 01:02:28,400
Speaker 2: But again to show you just how dependent we are

1284
01:02:28,480 --> 01:02:31,080
Speaker 2: in for and oil, it's still not enough. It's still

1285
01:02:31,320 --> 01:02:34,600
Speaker 2: not enough, and we're getting oiled by the way from Venezuela.

1286
01:02:34,880 --> 01:02:38,720
Speaker 2: Still not enough. And it all goes in the world supply.

1287
01:02:38,840 --> 01:02:40,760
Speaker 2: We're all dependent on one another, and it all takes

1288
01:02:40,840 --> 01:02:44,680
Speaker 2: us Iran to say we're shutting this thing down. And

1289
01:02:44,880 --> 01:02:47,320
Speaker 2: even though the other nations, most of the other nations

1290
01:02:47,360 --> 01:02:49,160
Speaker 2: in the Middle East are with US as opposed to them,

1291
01:02:49,240 --> 01:02:51,920
Speaker 2: it still doesn't mean anything. So the solution here is

1292
01:02:51,960 --> 01:02:53,880
Speaker 2: to figure out a way to bypass the straight of

1293
01:02:53,920 --> 01:02:57,960
Speaker 2: our moves. Can you do that with a canal? It's

1294
01:02:57,960 --> 01:03:00,400
Speaker 2: a big ask, it's a lot of work. There's mountains

1295
01:03:00,440 --> 01:03:03,280
Speaker 2: to move. Can we move mountains? I would think that

1296
01:03:03,360 --> 01:03:06,680
Speaker 2: the Middle East of those countries, uh and maybe opek

1297
01:03:06,720 --> 01:03:08,439
Speaker 2: I don't know where they stand in the second they've

1298
01:03:08,440 --> 01:03:10,200
Speaker 2: got enough money to be able to go. Well, actually

1299
01:03:10,240 --> 01:03:14,480
Speaker 2: we have we have mountain moving cash. They're flush with.

1300
01:03:14,800 --> 01:03:17,480
Speaker 2: Not poor area out there. You probably could do this.

1301
01:03:17,920 --> 01:03:21,520
Speaker 2: Could you add more pipeline, Well you need more military protection.

1302
01:03:21,640 --> 01:03:23,400
Speaker 2: There is that something that they work with the United

1303
01:03:23,480 --> 01:03:26,840
Speaker 2: States to make sure that those assets are protected. Because

1304
01:03:26,920 --> 01:03:29,520
Speaker 2: you've just created another choke pointed it. But we've kind

1305
01:03:29,520 --> 01:03:31,800
Speaker 2: of moved the choke. The chow points south. If you

1306
01:03:31,840 --> 01:03:33,640
Speaker 2: look at it, you know there's this little peninsula juts out.

1307
01:03:33,640 --> 01:03:35,720
Speaker 2: The strait of our moves is very narrow. If we

1308
01:03:35,880 --> 01:03:38,600
Speaker 2: kind of cut that tip off, guys, if we circumcise

1309
01:03:38,720 --> 01:03:44,320
Speaker 2: that peninsula, then maybe there's an opportunity here. But I

1310
01:03:44,360 --> 01:03:46,520
Speaker 2: don't know you do that with more pipelines and infrastructure.

1311
01:03:46,520 --> 01:03:48,880
Speaker 2: But if you do the pipeline, probably only is that

1312
01:03:49,040 --> 01:03:51,760
Speaker 2: now you're really exposed because that is probably pretty easy

1313
01:03:51,800 --> 01:03:54,480
Speaker 2: to sabotage. How do you get someone in the country

1314
01:03:54,480 --> 01:03:56,880
Speaker 2: with some C four and blow up part of a

1315
01:03:56,920 --> 01:03:58,600
Speaker 2: pipeline or a hole in at least or cause some

1316
01:03:58,680 --> 01:04:01,360
Speaker 2: sort of disruption. I imagine that'd be pretty easy to do.

1317
01:04:01,520 --> 01:04:05,560
Speaker 2: That'd have to be a very heavily guarded line in

1318
01:04:05,680 --> 01:04:07,560
Speaker 2: the first place, by and it's going to cost a

1319
01:04:07,600 --> 01:04:10,720
Speaker 2: lot more in military in defense than would be just

1320
01:04:10,760 --> 01:04:13,040
Speaker 2: to a canal, you know, like I said, you know

1321
01:04:13,160 --> 01:04:16,880
Speaker 2: Panama Canal costs that would have been nineteen fourteen, I

1322
01:04:16,960 --> 01:04:20,680
Speaker 2: think be about seventeen billion today, and then we expanded

1323
01:04:20,720 --> 01:04:24,000
Speaker 2: it for another five billion. This is I mean, you're

1324
01:04:24,040 --> 01:04:27,080
Speaker 2: in the half a trillion dollar range here, right, And

1325
01:04:27,200 --> 01:04:29,760
Speaker 2: it could take twenty thirty forty years maybe I don't know,

1326
01:04:29,840 --> 01:04:33,000
Speaker 2: ten years, I don't know. So theoretically possible, I guess

1327
01:04:33,080 --> 01:04:36,520
Speaker 2: practically maybe not, but it seems to be the solutions.

1328
01:04:36,520 --> 01:04:38,720
Speaker 2: We got to find a way to get to take

1329
01:04:38,800 --> 01:04:41,800
Speaker 2: the straight of our moves out of the equation. That

1330
01:04:42,040 --> 01:04:45,920
Speaker 2: to me is the difficult task. But some quality toilet

1331
01:04:45,960 --> 01:04:49,120
Speaker 2: time was saying said they thinking this whole issue, and

1332
01:04:49,200 --> 01:04:50,960
Speaker 2: maybe you thought of the same thing, because I certainly

1333
01:04:50,960 --> 01:04:52,720
Speaker 2: don't claim to be the sharpest knife in the drawer,

1334
01:04:53,160 --> 01:04:55,320
Speaker 2: But they said, yeah, well we mess on the STRAIGHTFORRM.

1335
01:04:55,680 --> 01:04:57,520
Speaker 2: Is there a better way to move that oil out

1336
01:04:57,520 --> 01:05:00,880
Speaker 2: of that region? Canals and pipelines? We ought to be

1337
01:05:00,880 --> 01:05:02,720
Speaker 2: at least be looking at a kicking the tires on it.

1338
01:05:02,800 --> 01:05:05,840
Speaker 2: Otherwise our grandkids will be doing the same thing in

1339
01:05:05,880 --> 01:05:08,040
Speaker 2: a few years, and so it goes quick time out

1340
01:05:08,080 --> 01:05:10,400
Speaker 2: back with more. Scott's Loan Show continues on seven hundred

1341
01:05:10,440 --> 01:05:15,400
Speaker 2: Wold four minutes away from a news update here on

1342
01:05:15,560 --> 01:05:18,560
Speaker 2: seven hundred w scott Sloan Show, and then at eleven

1343
01:05:18,640 --> 01:05:22,600
Speaker 2: oh seven, she's Kentucky Representative Beverly Chester Burton, who is

1344
01:05:22,640 --> 01:05:25,480
Speaker 2: sponsoring legislation that we should pay attention to here in

1345
01:05:25,560 --> 01:05:28,400
Speaker 2: Ohio as well. Kentucky. We just had the street takeover

1346
01:05:28,960 --> 01:05:31,640
Speaker 2: this past weekend. Dozens of people jammed up in this thing,

1347
01:05:32,120 --> 01:05:34,240
Speaker 2: and it's going to get worse, not better, with the winter,

1348
01:05:34,440 --> 01:05:36,440
Speaker 2: the winter months behind us and the warm weather come

1349
01:05:36,520 --> 01:05:39,640
Speaker 2: up right. Her proposal there is because it really hit

1350
01:05:39,720 --> 01:05:42,480
Speaker 2: Louisville pretty hard where she's from, and she wants to

1351
01:05:42,840 --> 01:05:45,400
Speaker 2: after the second event. So first defense is pretty strict.

1352
01:05:45,440 --> 01:05:49,160
Speaker 2: We take your license and let's face it, license revocation

1353
01:05:49,440 --> 01:05:52,800
Speaker 2: and suspended people dus all the time. Like you look

1354
01:05:52,800 --> 01:05:55,160
Speaker 2: at a court docket. A lot of them are driving

1355
01:05:55,200 --> 01:05:58,040
Speaker 2: well suspended, driving insurance, but driving well suspended. People don't

1356
01:05:58,040 --> 01:06:01,120
Speaker 2: pay attention, don't care. Used to be like, well I

1357
01:06:01,160 --> 01:06:02,880
Speaker 2: don't have a license, I can't drive. Now people just

1358
01:06:02,920 --> 01:06:05,480
Speaker 2: don't care, so that I don't know if that's a

1359
01:06:05,600 --> 01:06:08,200
Speaker 2: deterrent or not. I don't think it is. But taking

1360
01:06:08,320 --> 01:06:12,200
Speaker 2: your car and crushing it, that is a deterrent. Now,

1361
01:06:12,360 --> 01:06:15,240
Speaker 2: my civil libertarian radar went up on that one, going, well,

1362
01:06:15,400 --> 01:06:19,440
Speaker 2: I've got issues in the past and the present with

1363
01:06:19,600 --> 01:06:22,960
Speaker 2: confiscation because we know it is abused, namely in drugs.

1364
01:06:22,960 --> 01:06:26,000
Speaker 2: There'd be people traveling with cash or driving their car

1365
01:06:26,120 --> 01:06:28,680
Speaker 2: with cash, and the authorities will seize it, going well,

1366
01:06:28,920 --> 01:06:32,960
Speaker 2: you've got ten thousand dollars here, what's it for. It's cash,

1367
01:06:33,040 --> 01:06:34,480
Speaker 2: I'm allowed to have. I come a lot to have

1368
01:06:34,520 --> 01:06:35,800
Speaker 2: as long as my money. I'm allowed to have a

1369
01:06:35,840 --> 01:06:38,160
Speaker 2: million dollars. The problem is that they will say, well,

1370
01:06:38,160 --> 01:06:40,200
Speaker 2: that's drug proceeds, even without proving it, and take the

1371
01:06:40,240 --> 01:06:42,160
Speaker 2: cash and other things as well. So I have a

1372
01:06:42,200 --> 01:06:45,520
Speaker 2: lot of problem with asset forfeiture because it's been abused

1373
01:06:45,840 --> 01:06:47,640
Speaker 2: like anything by the government. You know, you give me

1374
01:06:47,640 --> 01:06:49,400
Speaker 2: an opportunity, they're going to somebody. We're gonna abuse it

1375
01:06:49,440 --> 01:06:52,760
Speaker 2: because the money goes to police agencies and general funds,

1376
01:06:52,800 --> 01:06:54,840
Speaker 2: and that's a way for them to take more of

1377
01:06:54,920 --> 01:06:58,040
Speaker 2: our money that's not in the tax form. But this

1378
01:06:58,160 --> 01:07:00,160
Speaker 2: is an interesting one. You know, if the threat of

1379
01:07:00,360 --> 01:07:03,280
Speaker 2: having your car, you know, fifty sixty seventy thousand dollars car,

1380
01:07:03,360 --> 01:07:07,240
Speaker 2: it's spend her having that thing seized and crushed. Oh boy,

1381
01:07:08,120 --> 01:07:10,280
Speaker 2: that gets your attention. Anyway, she is on. It's her idea.

1382
01:07:10,320 --> 01:07:12,720
Speaker 2: We'll kick that around. Coming up at eleven oh seven

1383
01:07:12,760 --> 01:07:16,000
Speaker 2: here on the Scotslane Show on seven hundred WLW one.

1384
01:07:16,040 --> 01:07:18,120
Speaker 2: One think this is a perfect crime, but it's not.

1385
01:07:19,520 --> 01:07:22,600
Speaker 2: This woman in Colorado is looking at twenty years in

1386
01:07:22,680 --> 01:07:27,880
Speaker 2: prison for fraud. And what she did was she was

1387
01:07:28,160 --> 01:07:34,760
Speaker 2: a a mortician and this is not good. The family

1388
01:07:34,880 --> 01:07:38,360
Speaker 2: needed money. They were scared and desperate. They needed cash.

1389
01:07:38,480 --> 01:07:41,120
Speaker 2: No excuse, but that was the excuse. She helped her

1390
01:07:41,160 --> 01:07:45,600
Speaker 2: ex husband hide two hundred decomposing bodies and essentially turned

1391
01:07:45,600 --> 01:07:47,760
Speaker 2: the ashes over to people who had the families had

1392
01:07:47,760 --> 01:07:52,400
Speaker 2: their loved ones cremated, and instead of the ashes, she

1393
01:07:52,560 --> 01:07:58,920
Speaker 2: filled the urns with concrete mix. Don't I don't know

1394
01:07:58,920 --> 01:08:01,520
Speaker 2: how you discover it, because you know, my mom was

1395
01:08:01,680 --> 01:08:03,360
Speaker 2: cremated and my dad's a creama and the look at

1396
01:08:03,360 --> 01:08:06,360
Speaker 2: the ashes are like it does kind of look like

1397
01:08:06,480 --> 01:08:10,800
Speaker 2: concrete mix, and most people are probably not. You may

1398
01:08:10,840 --> 01:08:12,480
Speaker 2: look at it going, wonder what this looks like? You

1399
01:08:12,560 --> 01:08:15,040
Speaker 2: look at it, going, Okay, same thing with dogs, right, Oh,

1400
01:08:15,040 --> 01:08:18,759
Speaker 2: looks it's just white powder and it's all ground down. Anyways,

1401
01:08:18,760 --> 01:08:21,680
Speaker 2: there's really nothing identifying in these things. Everything else is

1402
01:08:21,720 --> 01:08:23,880
Speaker 2: taken out that you know, if you have an artificial whatever,

1403
01:08:23,960 --> 01:08:25,800
Speaker 2: they take that out. But I don't know how you

1404
01:08:25,920 --> 01:08:27,840
Speaker 2: tell who's actually doing a test to see if it's

1405
01:08:28,040 --> 01:08:32,200
Speaker 2: if if it actually has ashes something I don't know

1406
01:08:32,560 --> 01:08:35,639
Speaker 2: it did. Somebody's earned get wet and it turned into

1407
01:08:35,720 --> 01:08:38,080
Speaker 2: concrete and he went, wait, hold on, understand, I'm just

1408
01:08:38,240 --> 01:08:42,400
Speaker 2: trying and figuring out how how you would discover that

1409
01:08:42,400 --> 01:08:44,400
Speaker 2: it's not something you would test to make sure, but

1410
01:08:45,080 --> 01:08:48,680
Speaker 2: somebody did, and she's in prison and deservedly so, deservedly

1411
01:08:48,760 --> 01:08:50,960
Speaker 2: so so. And wonder how many people now are checking

1412
01:08:51,000 --> 01:08:53,360
Speaker 2: the ashes of their loved one. Kind of morbid I know,

1413
01:08:53,520 --> 01:08:57,360
Speaker 2: kind of a morbid topic. Anyway, Hopefully we do not

1414
01:08:57,439 --> 01:08:59,519
Speaker 2: have more traffic problems tomorrow morning like we did today.

1415
01:08:59,520 --> 01:09:01,360
Speaker 2: We'll recare that with news. We got weather, we've got

1416
01:09:01,400 --> 01:09:03,280
Speaker 2: the forecast, we've got traffic, as I mentioned, and of

1417
01:09:03,360 --> 01:09:05,320
Speaker 2: course a full news update, and then we will talk

1418
01:09:05,360 --> 01:09:07,360
Speaker 2: about whether or not you should have your car taken

1419
01:09:07,439 --> 01:09:10,840
Speaker 2: from you if you're street racing or you are doing

1420
01:09:11,000 --> 01:09:14,080
Speaker 2: a shutdown like we had this weekend with a street

1421
01:09:14,120 --> 01:09:17,600
Speaker 2: takeover in Cincinnati. Should you surrender your car and have

1422
01:09:17,720 --> 01:09:20,439
Speaker 2: it crushed before your eyes if you're guilty of those offenses?

1423
01:09:20,960 --> 01:09:23,800
Speaker 2: Kentucky lawmaker joins us next to talk about that. She's

1424
01:09:23,840 --> 01:09:25,920
Speaker 2: Beverly Chester Burton on the Scotsland Show Home of the

1425
01:09:25,960 --> 01:09:27,799
Speaker 2: Red seven hundred WWT Cincinnati.

1426
01:09:27,920 --> 01:09:31,599
Speaker 1: Do you want to be an American Scott's Low back

1427
01:09:31,640 --> 01:09:34,479
Speaker 1: on seven hundred ww Welcome to it, to the last

1428
01:09:34,640 --> 01:09:36,800
Speaker 1: gas with winter at least we hope anyway, with a

1429
01:09:36,840 --> 01:09:41,040
Speaker 1: snowfalling back to let's rewind it back to the weekend

1430
01:09:41,080 --> 01:09:44,040
Speaker 1: here thirty nine arrested sixty five cars toed in Cincinnati

1431
01:09:44,520 --> 01:09:47,440
Speaker 1: in the street takeover, and of course yesterday the courtrooms

1432
01:09:47,439 --> 01:09:50,759
Speaker 1: were filled with defendants in this case, all pleading not guilty.

1433
01:09:51,840 --> 01:09:54,000
Speaker 2: And now the question is, okay, how do we prevent

1434
01:09:54,080 --> 01:09:56,160
Speaker 2: this from happening in the first place? There may be

1435
01:09:57,200 --> 01:10:00,400
Speaker 2: something happening in Kentucky that there may be an answer here. Anyway,

1436
01:10:00,479 --> 01:10:02,559
Speaker 2: Kentucky lawmaker says, if you want to play that game

1437
01:10:02,640 --> 01:10:06,080
Speaker 2: in street racing and doing donuts and shutting down intersections.

1438
01:10:06,120 --> 01:10:08,240
Speaker 2: Then you know, the second time, not the first time,

1439
01:10:08,280 --> 01:10:09,960
Speaker 2: but the second time we catch you, we're going to

1440
01:10:10,000 --> 01:10:12,400
Speaker 2: take your car and put it in a crusher. We're

1441
01:10:12,439 --> 01:10:17,080
Speaker 2: going to destroy your vehicle. She is Commonwealth Representative Beverly

1442
01:10:17,160 --> 01:10:19,960
Speaker 2: Chester Burton from Louisville, joining the show this morning, sponsor

1443
01:10:20,000 --> 01:10:23,120
Speaker 2: of Kentucky House built for twenty five. Good morning, Representative

1444
01:10:23,479 --> 01:10:24,519
Speaker 2: chester Burton, how are you?

1445
01:10:24,760 --> 01:10:26,040
Speaker 7: Good morning?

1446
01:10:26,560 --> 01:10:28,519
Speaker 2: Thank you for having me, Yes, ma'am, I appreciate you

1447
01:10:28,560 --> 01:10:31,360
Speaker 2: taking time out for us up here in Ohio. So

1448
01:10:31,520 --> 01:10:33,840
Speaker 2: thirty nine people arrested, fifty five cars. Tody just wented

1449
01:10:33,920 --> 01:10:36,679
Speaker 2: this this past weekend. I'm sure you see street takeovers

1450
01:10:36,720 --> 01:10:39,720
Speaker 2: in Louisville as well and around the Commonwealth. Does that

1451
01:10:39,880 --> 01:10:42,920
Speaker 2: kind of mass event change a conversation about why Kentucky

1452
01:10:43,040 --> 01:10:45,519
Speaker 2: needs your proposal here House built four twenty five.

1453
01:10:46,600 --> 01:10:50,880
Speaker 7: Well, yesterday you know it's passed in the House and

1454
01:10:51,000 --> 01:10:53,360
Speaker 7: so we'll know it would now go to the Senate.

1455
01:10:53,400 --> 01:10:57,160
Speaker 7: But what happened, how this all start started, is because

1456
01:10:57,880 --> 01:11:04,240
Speaker 7: I had numerous requests and in twenty five about things

1457
01:11:04,280 --> 01:11:07,920
Speaker 7: that are happening in the communities regarding street racing, greg

1458
01:11:08,040 --> 01:11:11,720
Speaker 7: racing on the Expressway in communities, you know, all over

1459
01:11:11,920 --> 01:11:15,680
Speaker 7: I mean literally, and so after so many calls, you know,

1460
01:11:16,160 --> 01:11:18,880
Speaker 7: you have to, you know, pay attention and kind of

1461
01:11:18,960 --> 01:11:20,880
Speaker 7: investigate what's really going on.

1462
01:11:22,000 --> 01:11:22,120
Speaker 4: Uh.

1463
01:11:22,200 --> 01:11:24,760
Speaker 2: Do you think that the street takeovers should apply to this?

1464
01:11:24,880 --> 01:11:27,640
Speaker 2: Because I think generally speaking, reading through the bill, it

1465
01:11:27,720 --> 01:11:29,679
Speaker 2: has more to do with people who are drag racing.

1466
01:11:29,840 --> 01:11:32,080
Speaker 2: Should street takeovers be included in that?

1467
01:11:33,680 --> 01:11:37,200
Speaker 7: Absolutely? Because I mean, to me, that is another form

1468
01:11:37,400 --> 01:11:40,360
Speaker 7: of drag racing. I mean when you have people that

1469
01:11:40,640 --> 01:11:48,160
Speaker 7: are literally blocking intersections and blocking communities so that they can.

1470
01:11:48,160 --> 01:11:49,040
Speaker 4: You know, have a race.

1471
01:11:49,640 --> 01:11:54,120
Speaker 7: I mean, whether street racing drag racing. To me, it's

1472
01:11:54,600 --> 01:11:55,840
Speaker 7: pretty much one of the same.

1473
01:11:56,080 --> 01:11:59,439
Speaker 2: Yeah, I know that this failed last year. You said

1474
01:11:59,479 --> 01:12:01,439
Speaker 2: it got through that time. What's the difference? How did

1475
01:12:01,479 --> 01:12:03,280
Speaker 2: you change it to get across the finish line?

1476
01:12:04,240 --> 01:12:08,160
Speaker 7: What the difference is? I had conversations across the owls

1477
01:12:08,840 --> 01:12:11,920
Speaker 7: and across you know, with the Senate and the House

1478
01:12:12,000 --> 01:12:15,880
Speaker 7: members to let them know that it almost made it through.

1479
01:12:16,000 --> 01:12:19,519
Speaker 7: Last year, we simply went out of time. And so

1480
01:12:19,760 --> 01:12:24,400
Speaker 7: this time I started the conversation crawly, you know, when

1481
01:12:24,439 --> 01:12:28,200
Speaker 7: we started siling bills, and I'm letting them know I'm

1482
01:12:28,240 --> 01:12:31,760
Speaker 7: going to thousand again. It's still an issue. People are

1483
01:12:31,800 --> 01:12:36,800
Speaker 7: still commenting and you know, emailing me or you know,

1484
01:12:36,920 --> 01:12:39,559
Speaker 7: calling me about you know it didn't pass last time,

1485
01:12:39,960 --> 01:12:40,680
Speaker 7: or do you think it.

1486
01:12:40,800 --> 01:12:41,799
Speaker 4: Might do these times.

1487
01:12:43,040 --> 01:12:45,920
Speaker 2: So let me lay this out for folks in Kentucky. Well,

1488
01:12:45,960 --> 01:12:47,920
Speaker 2: I mean for anyone driving in Kentucky, and how this

1489
01:12:48,000 --> 01:12:51,600
Speaker 2: supplies to the street takeovers here in Cincinnati. So for

1490
01:12:51,680 --> 01:12:53,800
Speaker 2: the first defense, it'd be a five hundred dollars fine

1491
01:12:54,800 --> 01:12:56,640
Speaker 2: not more than a thousand dollars mean five hundred, not

1492
01:12:56,720 --> 01:12:59,680
Speaker 2: less than five hundred, not more than a thousand, or

1493
01:12:59,760 --> 01:13:02,120
Speaker 2: being in prison for not more than six months thirty days,

1494
01:13:02,400 --> 01:13:05,160
Speaker 2: and any murder vehicle used by the person commission of

1495
01:13:05,200 --> 01:13:07,599
Speaker 2: violations impounded for ninety days. So you lose your driving

1496
01:13:07,720 --> 01:13:11,320
Speaker 2: privileges for ninety days for the first defense. Second offense,

1497
01:13:11,960 --> 01:13:15,080
Speaker 2: you're fined between one thousand and two thousand dollars or

1498
01:13:15,439 --> 01:13:18,960
Speaker 2: up to a year in jail. Your operator's license to

1499
01:13:19,120 --> 01:13:22,640
Speaker 2: drive is suspended, and any motor vehicle used by the

1500
01:13:22,680 --> 01:13:25,760
Speaker 2: person and commission of the violation forfeited to the state

1501
01:13:25,840 --> 01:13:28,880
Speaker 2: to be disposed of under Kentucky law. So we will

1502
01:13:28,960 --> 01:13:31,760
Speaker 2: seize your vehicle for a second time and either sell

1503
01:13:31,800 --> 01:13:35,920
Speaker 2: it or destroy it. I guess more is a civil libertarian, Beverly.

1504
01:13:36,120 --> 01:13:40,120
Speaker 2: I'm concerned that now we have another civil asset forfeiture situation.

1505
01:13:40,200 --> 01:13:42,439
Speaker 2: As you know, when with drug arrests, we take somebody's

1506
01:13:42,439 --> 01:13:44,320
Speaker 2: caring a lot of cash and a commission of a

1507
01:13:44,400 --> 01:13:47,000
Speaker 2: felony drug stop, they seize the cash. And now we

1508
01:13:47,080 --> 01:13:49,120
Speaker 2: have people who are just well, it's not illegal to

1509
01:13:49,160 --> 01:13:51,519
Speaker 2: have ten thousand dollars or twenty thousand dollars cash with you,

1510
01:13:51,920 --> 01:13:53,880
Speaker 2: and now under pretext, they just seize the money. And

1511
01:13:53,920 --> 01:13:57,040
Speaker 2: there's been many cases where authorities have seized property across

1512
01:13:57,080 --> 01:13:59,719
Speaker 2: the country and not returned it even though the person's

1513
01:13:59,720 --> 01:14:02,719
Speaker 2: been a generated This is just another way to increase

1514
01:14:02,760 --> 01:14:04,240
Speaker 2: the revenues. How do you balance that in.

1515
01:14:04,280 --> 01:14:08,800
Speaker 7: This Well, what I guess one of the things that

1516
01:14:09,280 --> 01:14:13,720
Speaker 7: see that may be positive for this particular deal, it's

1517
01:14:13,760 --> 01:14:18,720
Speaker 7: a victim compensation, you know, which means that damage is

1518
01:14:18,840 --> 01:14:23,040
Speaker 7: from the tragic accidents or not directly compensated by the

1519
01:14:23,080 --> 01:14:27,960
Speaker 7: people responsible for actents. But the quo seed of the

1520
01:14:28,080 --> 01:14:32,600
Speaker 7: question or of this particular deal will be going to

1521
01:14:32,760 --> 01:14:38,639
Speaker 7: the crime Victim Compensation board. Oh and I felt even

1522
01:14:38,680 --> 01:14:42,320
Speaker 7: though many people see it. That's maybe not a good thing.

1523
01:14:43,479 --> 01:14:45,840
Speaker 7: The positive that comes out of that is that it's

1524
01:14:45,880 --> 01:14:49,160
Speaker 7: going to go to the Crime Victims Compensation Board.

1525
01:14:50,280 --> 01:14:53,040
Speaker 2: So the city or the state in this case will

1526
01:14:53,080 --> 01:14:55,559
Speaker 2: not make money off of it. And we we'll examine

1527
01:14:55,600 --> 01:14:58,280
Speaker 2: that in a minute. But the Cincinnati takeover talking about here,

1528
01:14:58,400 --> 01:15:01,320
Speaker 2: you got to be from Dayton, Columbus, probably even northern Kentucky,

1529
01:15:01,439 --> 01:15:03,840
Speaker 2: maybe in Louisville. Who knows crossing state lines to do this?

1530
01:15:05,000 --> 01:15:08,479
Speaker 2: Does the Commonwealth have to coordinate with Indiana and also

1531
01:15:08,720 --> 01:15:11,040
Speaker 2: Ohio for enforcement on this? Should it be up to

1532
01:15:11,120 --> 01:15:13,679
Speaker 2: the state. Should there be a I don't know, across

1533
01:15:13,720 --> 01:15:15,960
Speaker 2: the line effort here to prevent this from happening.

1534
01:15:17,120 --> 01:15:19,240
Speaker 7: Well, I mean you brought up an interesting you know

1535
01:15:19,880 --> 01:15:23,679
Speaker 7: thoughts here, because we know that when things are shut

1536
01:15:23,760 --> 01:15:27,919
Speaker 7: down in one community, people will move through the next community.

1537
01:15:28,439 --> 01:15:33,040
Speaker 7: So when I watched this information that you sent me

1538
01:15:33,120 --> 01:15:36,479
Speaker 7: regarding the build I mean, not the deal, but the

1539
01:15:36,640 --> 01:15:39,200
Speaker 7: information you sent me regarding what happened to take over

1540
01:15:39,240 --> 01:15:43,639
Speaker 7: in Cincinnati, I noticed or heard that there were people

1541
01:15:43,840 --> 01:15:46,960
Speaker 7: that were not even from the area. So what is

1542
01:15:47,040 --> 01:15:50,240
Speaker 7: happening is people will move from one community to the

1543
01:15:50,479 --> 01:15:54,400
Speaker 7: next when as they need to when things are shut down,

1544
01:15:55,120 --> 01:15:58,559
Speaker 7: and so I think it will require in the future

1545
01:15:59,200 --> 01:16:03,440
Speaker 7: that they to work together. It just continues.

1546
01:16:04,479 --> 01:16:08,080
Speaker 2: She is a Commonwealth representative Beverly Chester Burton. She's sponsoring

1547
01:16:08,160 --> 01:16:11,880
Speaker 2: this bill it moved through yesterday that that's going to

1548
01:16:11,920 --> 01:16:15,719
Speaker 2: allow for a second either street racing or drag racing offense.

1549
01:16:15,760 --> 01:16:18,960
Speaker 2: This is in Kentucky now that they're going to seize

1550
01:16:18,960 --> 01:16:21,400
Speaker 2: your car and crush it for a second offense, and

1551
01:16:22,240 --> 01:16:24,240
Speaker 2: it's any of any of the first offense is pretty

1552
01:16:24,439 --> 01:16:28,040
Speaker 2: prohibitive here too. En result though, Louisville Metro Police for

1553
01:16:28,120 --> 01:16:31,080
Speaker 2: you are Beverly Little recrushed a street racing card September,

1554
01:16:31,120 --> 01:16:32,960
Speaker 2: made a big deal out of it, and the video

1555
01:16:33,040 --> 01:16:35,200
Speaker 2: went viral. It went all over the country, but you

1556
01:16:35,240 --> 01:16:37,920
Speaker 2: still had a major street takeover a few months later.

1557
01:16:38,000 --> 01:16:40,000
Speaker 2: So what's your response to critics who say the destruction

1558
01:16:40,120 --> 01:16:40,960
Speaker 2: of property doesn't work.

1559
01:16:43,040 --> 01:16:46,680
Speaker 7: Well, I think it doesn't work if people don't know

1560
01:16:46,880 --> 01:16:50,240
Speaker 7: that it's happening. But I think once people are aware

1561
01:16:51,040 --> 01:16:54,120
Speaker 7: that they're paying attention during the lookout with those.

1562
01:16:54,040 --> 01:16:54,639
Speaker 3: Type of things.

1563
01:16:55,360 --> 01:16:58,240
Speaker 7: And I want to say, you know, last year, I

1564
01:16:58,360 --> 01:17:01,720
Speaker 7: know when we were introducing it every seventh states that

1565
01:17:01,840 --> 01:17:05,360
Speaker 7: have proposed the same type of legislation to increase facility. Yeah,

1566
01:17:05,520 --> 01:17:09,960
Speaker 7: you know so, I mean at least three states have

1567
01:17:10,200 --> 01:17:14,360
Speaker 7: advocated for the portraiture as atility for traffic accidents, So

1568
01:17:14,640 --> 01:17:18,120
Speaker 7: I mean we're not the only one. I think it's

1569
01:17:18,240 --> 01:17:22,840
Speaker 7: good to have conversations, of course, not only the state,

1570
01:17:23,000 --> 01:17:27,640
Speaker 7: but as the nation, to look at who's doing what

1571
01:17:28,320 --> 01:17:31,040
Speaker 7: and why they're doing it and have worked in their community.

1572
01:17:31,479 --> 01:17:33,640
Speaker 7: And that's what you know we are intending to do.

1573
01:17:34,080 --> 01:17:38,040
Speaker 2: Yeah, here in Ohio in the way Sudent Cincinnati, these

1574
01:17:38,080 --> 01:17:40,920
Speaker 2: folks are all facing first degree misdemeanors, and that, of

1575
01:17:41,000 --> 01:17:43,240
Speaker 2: course is a first degree is the highest level of misdemeanor.

1576
01:17:43,560 --> 01:17:45,320
Speaker 2: And the maximum penalty I believe is up to one

1577
01:17:45,360 --> 01:17:47,519
Speaker 2: hundred and eighty y days in jail, one thousand dollars fine.

1578
01:17:47,600 --> 01:17:49,640
Speaker 2: Is that too light for the first defense? Because I

1579
01:17:49,680 --> 01:17:51,479
Speaker 2: look at Kentuguyoo, you got going on here, and that

1580
01:17:51,680 --> 01:17:54,800
Speaker 2: is like we're taking your license. It's pretty it's pretty

1581
01:17:54,880 --> 01:17:58,519
Speaker 2: heavy penalty for the first time out. Does that just go? Well,

1582
01:17:58,640 --> 01:18:00,400
Speaker 2: it's a slap on the rest day. I've I don't

1583
01:18:00,439 --> 01:18:03,200
Speaker 2: have anything, you know, I haven't been arrested before. Let's say,

1584
01:18:03,200 --> 01:18:05,240
Speaker 2: I guess most of these people probably haven't maybe a

1585
01:18:05,280 --> 01:18:07,320
Speaker 2: few tickets here there. I'm probably not going to get

1586
01:18:07,400 --> 01:18:09,640
Speaker 2: jail time, will get suspended. I'll play court. Costs a

1587
01:18:09,680 --> 01:18:12,120
Speaker 2: few thousand dollars and I'm out the door. But I'll

1588
01:18:12,120 --> 01:18:12,800
Speaker 2: probably do it again.

1589
01:18:14,439 --> 01:18:16,360
Speaker 7: Well, I think it'll be a wake up call.

1590
01:18:16,680 --> 01:18:16,920
Speaker 4: God.

1591
01:18:17,160 --> 01:18:20,720
Speaker 7: I think that when people know the things are being

1592
01:18:21,120 --> 01:18:25,320
Speaker 7: seriously looked at, that it will make people think, you

1593
01:18:25,400 --> 01:18:27,680
Speaker 7: know what, I don't know if I want to do

1594
01:18:27,800 --> 01:18:32,160
Speaker 7: this again, and I know that if I had not

1595
01:18:32,400 --> 01:18:36,080
Speaker 7: heard from many people, you know, complain about what the

1596
01:18:36,360 --> 01:18:39,120
Speaker 7: what you know, people videotaking things that are happening in

1597
01:18:39,160 --> 01:18:43,800
Speaker 7: the community. Yeah, And I'm just trying to respond to

1598
01:18:45,240 --> 01:18:50,320
Speaker 7: people who have taken a look at what they see

1599
01:18:50,320 --> 01:18:53,439
Speaker 7: in the community happening that they don't like, and they

1600
01:18:53,560 --> 01:18:56,360
Speaker 7: want the legislators to do something about it.

1601
01:18:58,040 --> 01:19:01,439
Speaker 2: Essentially, that is I know that sounds kind of quaint, Beverly,

1602
01:19:01,520 --> 01:19:04,240
Speaker 2: because essentially that's what we send folks like you uh

1603
01:19:04,400 --> 01:19:06,760
Speaker 2: to uh to the state House for for here in

1604
01:19:07,120 --> 01:19:10,840
Speaker 2: Ohio and also federally, but our federal government doesn't seem

1605
01:19:10,880 --> 01:19:12,920
Speaker 2: to be doing doing that right now, actually listening to

1606
01:19:12,960 --> 01:19:14,880
Speaker 2: the people and you know, doing doing the work of

1607
01:19:14,880 --> 01:19:17,280
Speaker 2: the people. We have government spartial government shutdown, but that's

1608
01:19:17,320 --> 01:19:21,240
Speaker 2: a federal issue, not a local one. What happens here, yeah,

1609
01:19:21,280 --> 01:19:21,840
Speaker 2: go ahead, I'm sure.

1610
01:19:22,600 --> 01:19:27,120
Speaker 7: But but what I will applaud local legislators that are

1611
01:19:27,320 --> 01:19:31,360
Speaker 7: trying to do is that when they you know, address

1612
01:19:31,439 --> 01:19:36,559
Speaker 7: the problem that before it becomes to a state level,

1613
01:19:37,200 --> 01:19:39,439
Speaker 7: that they are trying to work it out on a

1614
01:19:39,520 --> 01:19:42,479
Speaker 7: local level, right and then when it doesn't you know,

1615
01:19:42,560 --> 01:19:46,120
Speaker 7: if when it doesn't happen, then when they reach out

1616
01:19:46,160 --> 01:19:51,320
Speaker 7: to the state legislators and well enough times rather then

1617
01:19:51,439 --> 01:19:54,599
Speaker 7: they will say, okay, we try to let you all,

1618
01:19:54,920 --> 01:19:59,599
Speaker 7: you know, palm this particular so called entertainment down. But see,

1619
01:20:01,120 --> 01:20:05,320
Speaker 7: it's not a harmless entertainment, you know, because you know,

1620
01:20:05,400 --> 01:20:10,840
Speaker 7: it's many different areas, you know, passengers, tgestions, and neighborhoods.

1621
01:20:10,880 --> 01:20:14,600
Speaker 7: And I think that's the big picture, neighborhoods. So you know,

1622
01:20:14,680 --> 01:20:17,679
Speaker 7: when they turn public roads into like a race track,

1623
01:20:18,439 --> 01:20:21,160
Speaker 7: then that's when the consequences change.

1624
01:20:22,240 --> 01:20:23,840
Speaker 2: Well, the fact of the matters, they're doing this in

1625
01:20:25,120 --> 01:20:27,960
Speaker 2: urban areas because of the backdrop. It's for video, it's

1626
01:20:28,000 --> 01:20:30,760
Speaker 2: for it's for clicks. Right back in the day, people

1627
01:20:30,840 --> 01:20:33,120
Speaker 2: with drag race and that certainly was dangerous, but they

1628
01:20:33,320 --> 01:20:35,960
Speaker 2: kind of do it not the way places usually only

1629
01:20:35,960 --> 01:20:38,320
Speaker 2: people get heard of. The two participants were racing from

1630
01:20:38,360 --> 01:20:40,519
Speaker 2: A to B. This is a much different thing. You're

1631
01:20:40,560 --> 01:20:43,520
Speaker 2: taking over entire city or you know, a major intersection,

1632
01:20:44,920 --> 01:20:47,960
Speaker 2: essentially for social media. That's the reason you're doing this.

1633
01:20:48,120 --> 01:20:49,080
Speaker 2: I think it's a little bit of a bit of

1634
01:20:49,120 --> 01:20:50,720
Speaker 2: a different and I agree with you on that one.

1635
01:20:50,840 --> 01:20:52,960
Speaker 2: And the truth is somewhere between an m One and Cincinnati,

1636
01:20:52,960 --> 01:20:54,280
Speaker 2: which is I mean, it's probably gonna be a slap

1637
01:20:54,360 --> 01:20:56,000
Speaker 2: on the wrist for most of these folks. I wonder

1638
01:20:56,000 --> 01:20:58,400
Speaker 2: if they'll participate in it again. I guess the other

1639
01:20:58,479 --> 01:21:00,240
Speaker 2: thing I would say is what and I this is

1640
01:21:00,280 --> 01:21:02,840
Speaker 2: the problem I had with the speed cameras in that

1641
01:21:03,120 --> 01:21:05,040
Speaker 2: you know, someone could be borrowing my car. It could

1642
01:21:05,040 --> 01:21:07,240
Speaker 2: be a son, daughter, or someone else, family member or

1643
01:21:07,240 --> 01:21:09,599
Speaker 2: a neighbor. Whoever, they blow through a light, I get

1644
01:21:09,680 --> 01:21:11,880
Speaker 2: the ticket. That's not fair. I'm not the person driving

1645
01:21:11,920 --> 01:21:14,360
Speaker 2: the car. Same thing here. What happens to an innocent

1646
01:21:14,439 --> 01:21:17,120
Speaker 2: vehicle owner, a parent, a spouse whose car is used

1647
01:21:17,120 --> 01:21:19,560
Speaker 2: by someone in a street takeover without their knowledge? Is

1648
01:21:19,600 --> 01:21:20,479
Speaker 2: they are they protected?

1649
01:21:22,640 --> 01:21:22,840
Speaker 4: Well?

1650
01:21:22,920 --> 01:21:25,080
Speaker 7: You know that's that's a good question. I mean, I

1651
01:21:25,120 --> 01:21:27,080
Speaker 7: think we're going to have to dive deeper into that

1652
01:21:27,320 --> 01:21:31,360
Speaker 7: because I think that there needs to be some type

1653
01:21:31,360 --> 01:21:35,240
Speaker 7: of communication that if someone is borrowing somebody else's vehicle,

1654
01:21:35,920 --> 01:21:38,040
Speaker 7: they need to be clear why they are borrowing it,

1655
01:21:38,720 --> 01:21:40,760
Speaker 7: you know, and if they don't, if they don't have

1656
01:21:40,880 --> 01:21:44,040
Speaker 7: knowledge of it, and they can validate and verify that.

1657
01:21:44,280 --> 01:21:46,880
Speaker 7: I think that's something that's a conversation to be had.

1658
01:21:47,520 --> 01:21:50,479
Speaker 7: I mean, the goal, the goal here is well, I

1659
01:21:50,560 --> 01:21:52,920
Speaker 7: think the goal here is as simple, you know, just

1660
01:21:53,080 --> 01:21:58,519
Speaker 7: trying to create a detergent so that people can understand that,

1661
01:21:59,120 --> 01:22:02,280
Speaker 7: you know, with lives or risks on our roads, that's

1662
01:22:02,360 --> 01:22:05,280
Speaker 7: going to be consequence. That's all I mean. I mean,

1663
01:22:05,479 --> 01:22:08,680
Speaker 7: the blast thing I want is to see anybody's you know,

1664
01:22:08,840 --> 01:22:11,960
Speaker 7: car taken away or anything like that. All I'm trying

1665
01:22:12,040 --> 01:22:14,519
Speaker 7: to do, or all we are trying to do from

1666
01:22:14,640 --> 01:22:18,800
Speaker 7: our legislature, is to answer the call of the community.

1667
01:22:19,800 --> 01:22:24,040
Speaker 2: Is there a distinction in the bill between participants and

1668
01:22:25,000 --> 01:22:27,480
Speaker 2: such spectators?

1669
01:22:30,080 --> 01:22:32,680
Speaker 7: I do nothing, so, I mean I don't have to

1670
01:22:32,760 --> 01:22:35,080
Speaker 7: deal before me. I'm sorry that do not have the

1671
01:22:35,120 --> 01:22:38,800
Speaker 7: build before me. But I don't think there is is there?

1672
01:22:38,920 --> 01:22:40,559
Speaker 2: Should there be a subtlety there. I mean, if you're

1673
01:22:40,560 --> 01:22:42,280
Speaker 2: there and going, wow, what is I'm stuck in traffic

1674
01:22:42,360 --> 01:22:43,960
Speaker 2: and I'm out of my car watching it because I

1675
01:22:44,040 --> 01:22:46,519
Speaker 2: can't move. Should I get jammed up like the people

1676
01:22:46,560 --> 01:22:48,400
Speaker 2: who are actually doing the donuts and shutting the intersection?

1677
01:22:48,479 --> 01:22:51,280
Speaker 2: And should there be even worse penalties if you can

1678
01:22:51,360 --> 01:22:53,920
Speaker 2: track down who organize these things, because that's all happening

1679
01:22:53,960 --> 01:22:57,719
Speaker 2: on social and online. It's a coordinated group that organize

1680
01:22:57,720 --> 01:23:00,680
Speaker 2: the event. These aren't spontaneous. I think there's got to

1681
01:23:00,720 --> 01:23:03,640
Speaker 2: be different distinctions there between organizers and people who are

1682
01:23:03,720 --> 01:23:06,080
Speaker 2: just watching it, watching it unfold.

1683
01:23:07,920 --> 01:23:12,400
Speaker 7: Well, I think they are organizers that they feel that

1684
01:23:13,400 --> 01:23:16,160
Speaker 7: they should not be part of this. But I will

1685
01:23:16,240 --> 01:23:20,280
Speaker 7: say this, if you're a spectator and you're witnessing that,

1686
01:23:20,600 --> 01:23:24,519
Speaker 7: to me, that means that you are in agreement, that

1687
01:23:24,640 --> 01:23:28,400
Speaker 7: you're okay with that, and if you especially if you

1688
01:23:28,520 --> 01:23:31,560
Speaker 7: know that it's in a legal situation we go on

1689
01:23:31,640 --> 01:23:37,000
Speaker 7: in street racing. But I don't think that people that

1690
01:23:37,200 --> 01:23:39,559
Speaker 7: are not aware and they happen, Like you just said,

1691
01:23:39,560 --> 01:23:41,800
Speaker 7: you're second tracking, you've witnessed what have you? I mean,

1692
01:23:42,320 --> 01:23:46,840
Speaker 7: that's you know those are probably you you know, incidents

1693
01:23:47,240 --> 01:23:48,719
Speaker 7: because you don't know that it's coming.

1694
01:23:48,880 --> 01:23:49,000
Speaker 4: Right.

1695
01:23:49,160 --> 01:23:51,800
Speaker 7: It's one thing we know that it's coming and you

1696
01:23:51,920 --> 01:23:54,720
Speaker 7: show up, but it's another thing when it's not. I

1697
01:23:54,840 --> 01:23:58,600
Speaker 7: think this is all about the people who truly participate

1698
01:23:59,320 --> 01:24:01,360
Speaker 7: in it, Okay.

1699
01:24:01,520 --> 01:24:04,080
Speaker 2: And that's good. I mean with traffic cameras and video

1700
01:24:04,200 --> 01:24:06,280
Speaker 2: and everything else, because they're posting. I mean, I'm just thinking,

1701
01:24:06,439 --> 01:24:08,479
Speaker 2: like maybe my daughter, who is of that age, should

1702
01:24:08,479 --> 01:24:10,240
Speaker 2: she's sitting in traffic all of a sudden there's a

1703
01:24:10,240 --> 01:24:13,120
Speaker 2: street takeover, and she'd probably well, I can't move because

1704
01:24:13,120 --> 01:24:15,519
Speaker 2: everything's blocked, get out of her car and probably start

1705
01:24:15,640 --> 01:24:17,320
Speaker 2: videoing it, and then it looks like she's a particupan

1706
01:24:17,320 --> 01:24:19,120
Speaker 2: you know I'm saying. And there's a very fine line there.

1707
01:24:19,120 --> 01:24:21,439
Speaker 2: I think going after those who are actually doing the

1708
01:24:21,560 --> 01:24:24,800
Speaker 2: driving and the organization should be the focus of this thing.

1709
01:24:25,760 --> 01:24:27,800
Speaker 2: If it passes it, yeah, go ahead.

1710
01:24:29,040 --> 01:24:31,840
Speaker 7: Well I think if you're you know, you're caught up

1711
01:24:31,920 --> 01:24:35,679
Speaker 7: in such a situation. I mean, the good thing about cameras.

1712
01:24:35,720 --> 01:24:38,920
Speaker 7: I know everybody's on license, but the good things about

1713
01:24:39,080 --> 01:24:43,360
Speaker 7: cameras is that you see what's really happening.

1714
01:24:43,160 --> 01:24:45,599
Speaker 2: Right right, A lot of evidence, there's a lot more evidence,

1715
01:24:45,680 --> 01:24:48,240
Speaker 2: and also also I think too that yeah, it's it

1716
01:24:48,360 --> 01:24:51,280
Speaker 2: certainly makes I think police a job, the police easier,

1717
01:24:51,320 --> 01:24:53,080
Speaker 2: that it makes their job easier, I should say too.

1718
01:24:54,280 --> 01:24:56,880
Speaker 2: I just wonder if it changes behavior that much. And

1719
01:24:57,280 --> 01:24:59,559
Speaker 2: if you invoke this and you crush a few cars,

1720
01:25:00,000 --> 01:25:01,800
Speaker 2: it sends a pretty strong message that we're not going

1721
01:25:01,880 --> 01:25:03,960
Speaker 2: to tolerate this stuff. Take it somewhere else, or take

1722
01:25:04,000 --> 01:25:06,599
Speaker 2: it to a place that doesn't enact these tough laws.

1723
01:25:06,920 --> 01:25:08,960
Speaker 2: But I think there are a lot of constitutional challenges,

1724
01:25:09,080 --> 01:25:10,439
Speaker 2: no doubt that you are going to face, and it

1725
01:25:10,520 --> 01:25:13,120
Speaker 2: certainly's got to be tweaked at this point. But again,

1726
01:25:13,200 --> 01:25:15,719
Speaker 2: it's a Kentucky house built four twenty five way the street.

1727
01:25:15,760 --> 01:25:18,320
Speaker 2: Takeover here this weekend in Cincinnati. In Kentucky, there's a

1728
01:25:18,360 --> 01:25:20,160
Speaker 2: proposal because they have the same problem in Louisville and

1729
01:25:20,240 --> 01:25:23,280
Speaker 2: Lexington and elsewhere. And that is all right, we're gonna

1730
01:25:23,320 --> 01:25:25,479
Speaker 2: hit you pretty hard with the first defense, second offense.

1731
01:25:25,720 --> 01:25:28,800
Speaker 2: We're gonna take your car and crush it. And you know,

1732
01:25:28,920 --> 01:25:31,439
Speaker 2: somebody say, well, taking the driver's license enough. If you

1733
01:25:31,520 --> 01:25:33,920
Speaker 2: look at a court docket, is you know Beverly Chester burden,

1734
01:25:34,200 --> 01:25:36,640
Speaker 2: There's people drive all the time without a license. The

1735
01:25:36,720 --> 01:25:38,640
Speaker 2: fact that you don't have a license, doesn't stop a

1736
01:25:38,720 --> 01:25:40,360
Speaker 2: lot of people on the roads. I think there'll be

1737
01:25:40,360 --> 01:25:42,920
Speaker 2: a lot fewer drivers if everyone by it. So taking

1738
01:25:43,000 --> 01:25:45,479
Speaker 2: your license is not does not mean that you're gonna

1739
01:25:45,600 --> 01:25:47,360
Speaker 2: prevent you from driving a car in the first place.

1740
01:25:47,439 --> 01:25:49,320
Speaker 2: So what's the time whine forgetting this thing through?

1741
01:25:50,560 --> 01:25:53,880
Speaker 7: Well, it's passed in the House yesterday, so now it

1742
01:25:54,000 --> 01:25:56,599
Speaker 7: has moved on to the Senate, and I have had

1743
01:25:56,640 --> 01:26:00,519
Speaker 7: conversations with people in the Senate that are know, looks

1744
01:26:00,600 --> 01:26:04,240
Speaker 7: like it's going to be you know, tracked in such

1745
01:26:04,320 --> 01:26:07,320
Speaker 7: a way that it will pass. So Uh, I'm just

1746
01:26:07,439 --> 01:26:10,640
Speaker 7: waiting to see the grand finale, and I'm hoping that

1747
01:26:11,680 --> 01:26:15,639
Speaker 7: people will look at this as not really a bill

1748
01:26:15,800 --> 01:26:20,240
Speaker 7: that we're trying to destroy, you know, entertainment of people

1749
01:26:20,360 --> 01:26:24,160
Speaker 7: that like this type of I guess the event, but

1750
01:26:24,400 --> 01:26:26,960
Speaker 7: it's the way you go about it. I mean, if

1751
01:26:27,040 --> 01:26:29,679
Speaker 7: you are on the highway and if you shut down

1752
01:26:29,960 --> 01:26:34,120
Speaker 7: an expressway, uh, and you got cause backed up, that's

1753
01:26:34,200 --> 01:26:37,439
Speaker 7: I mean, that's an issue. I would say, either build

1754
01:26:37,479 --> 01:26:40,120
Speaker 7: a build a build your own track, or find a

1755
01:26:40,240 --> 01:26:42,479
Speaker 7: track or what have you that you think that you

1756
01:26:42,600 --> 01:26:46,680
Speaker 7: want to direct race, but not on city roads, not

1757
01:26:46,960 --> 01:26:51,360
Speaker 7: in communities not on interstate that's just not appropriate.

1758
01:26:51,760 --> 01:26:56,880
Speaker 2: She is a Kentucky Commonwealth representative, Beverly Chester Burton sponsoring

1759
01:26:57,240 --> 01:26:59,639
Speaker 2: House Bill four twenty five, which, on a second offense,

1760
01:26:59,680 --> 01:27:01,519
Speaker 2: them and Wealth would take your car and crush it

1761
01:27:01,560 --> 01:27:04,320
Speaker 2: if you participate in drag racing or street takeovers like

1762
01:27:04,400 --> 01:27:07,240
Speaker 2: we saw this past weekend in Cincinnati. And I'm sure

1763
01:27:07,360 --> 01:27:10,439
Speaker 2: Ohio lawmakers are looking at you, going maybe how to

1764
01:27:10,520 --> 01:27:12,560
Speaker 2: explore this one as we see more street takeovers in

1765
01:27:12,600 --> 01:27:17,000
Speaker 2: big cities like Cincinnati, Columbus, Cleveland and elsewhere for that matter. Beverly,

1766
01:27:17,040 --> 01:27:18,200
Speaker 2: thanks for coming on the show this morning.

1767
01:27:18,200 --> 01:27:21,920
Speaker 7: I appreciate you, absolutely, thank you for the opportunity.

1768
01:27:21,920 --> 01:27:23,680
Speaker 2: All right, well speak again. You have a great day.

1769
01:27:23,720 --> 01:27:25,640
Speaker 2: Thank you so much. Yeah. The civil libertarian to me

1770
01:27:25,800 --> 01:27:28,439
Speaker 2: is like I got some issues with this one. The issue,

1771
01:27:28,479 --> 01:27:30,160
Speaker 2: you know, some of the things I pointed out here,

1772
01:27:30,240 --> 01:27:33,000
Speaker 2: but you know, the idea of the law is, how

1773
01:27:33,040 --> 01:27:34,719
Speaker 2: else are you going to stop people who don't abide

1774
01:27:34,760 --> 01:27:38,040
Speaker 2: by fines and forfeiting their driver's license. They're going to

1775
01:27:38,080 --> 01:27:40,640
Speaker 2: do it anyway. And if that's what the case is,

1776
01:27:40,640 --> 01:27:41,960
Speaker 2: and we know that to be true because there's a

1777
01:27:42,000 --> 01:27:44,040
Speaker 2: lot of drivers out there, more than you think. Who

1778
01:27:44,120 --> 01:27:46,799
Speaker 2: are driving without an operator's license? Y're driving well suspended.

1779
01:27:46,800 --> 01:27:49,000
Speaker 2: The court dotts are full of these things. How else

1780
01:27:49,040 --> 01:27:51,080
Speaker 2: do you get someone else's attention? It's certainly an interesting

1781
01:27:51,160 --> 01:27:53,080
Speaker 2: question to be answered. Scott's Loan Show. This is seven

1782
01:27:53,160 --> 01:27:55,360
Speaker 2: hundred WLW time to.

1783
01:27:55,600 --> 01:27:58,600
Speaker 5: Talk about money, how to make it, how to keep it,

1784
01:27:59,000 --> 01:28:01,839
Speaker 5: and how to keep there's off your stacks.

1785
01:28:05,479 --> 01:28:08,920
Speaker 2: This is all Worth Advice with Andy Schaeffer Andrew. A

1786
01:28:08,960 --> 01:28:10,600
Speaker 2: good morning, And is it a good morning today? I

1787
01:28:10,640 --> 01:28:11,240
Speaker 2: can never tell.

1788
01:28:12,000 --> 01:28:12,799
Speaker 3: It's always good.

1789
01:28:15,000 --> 01:28:16,280
Speaker 2: It's always a good morning.

1790
01:28:16,880 --> 01:28:17,800
Speaker 3: I don't know. Yeah.

1791
01:28:18,240 --> 01:28:20,200
Speaker 2: Yeah, Just don't look at your your four oh one K,

1792
01:28:20,479 --> 01:28:23,680
Speaker 2: your investments or anything. Get gas or anything like that,

1793
01:28:23,880 --> 01:28:25,479
Speaker 2: or beef for that man. You just see this one.

1794
01:28:26,280 --> 01:28:28,040
Speaker 2: We thought the beef prices are going to go down,

1795
01:28:28,280 --> 01:28:32,759
Speaker 2: and I think, what was it yesterday? Four thousand workers

1796
01:28:32,800 --> 01:28:35,240
Speaker 2: at a meatpacking plan in Colorado walked off the job.

1797
01:28:35,439 --> 01:28:38,760
Speaker 2: And it's at the slaughterhouse. The first big walk off

1798
01:28:38,800 --> 01:28:40,960
Speaker 2: we've had like this. And we may say beef prices

1799
01:28:41,000 --> 01:28:43,680
Speaker 2: go up even further. It's we can't catch a break here.

1800
01:28:45,120 --> 01:28:46,719
Speaker 3: Yeah, this is the big one for quite a while.

1801
01:28:47,720 --> 01:28:47,880
Speaker 4: You know.

1802
01:28:48,000 --> 01:28:50,640
Speaker 5: My understanding is that years ago when we had a

1803
01:28:50,720 --> 01:28:55,439
Speaker 5: significant corral, a lot of farmers and ranchers harvest their

1804
01:28:55,520 --> 01:28:59,800
Speaker 5: cattle earlier than usual because they wanted to make sure that,

1805
01:29:00,360 --> 01:29:02,400
Speaker 5: you know, their beetle was intact and that they were

1806
01:29:02,479 --> 01:29:04,560
Speaker 5: able to get that beef to the market. Well, that

1807
01:29:04,920 --> 01:29:08,000
Speaker 5: immediately created a shortage over the next couple of years.

1808
01:29:08,040 --> 01:29:09,960
Speaker 5: It takes you know, two to three years or so

1809
01:29:10,280 --> 01:29:13,360
Speaker 5: fors to become fully mature, be able to harvest, and

1810
01:29:13,560 --> 01:29:18,479
Speaker 5: so that is itself caused a decent amount of supply shortage.

1811
01:29:18,520 --> 01:29:23,320
Speaker 5: And then you know, secondarily, Mexico had an issue with

1812
01:29:23,439 --> 01:29:26,040
Speaker 5: a parasite with a lot of their cattle. And usually

1813
01:29:26,720 --> 01:29:29,120
Speaker 5: whatever we have a shortage, we go to Mexico to

1814
01:29:29,240 --> 01:29:32,280
Speaker 5: be whatever. You know, we're short as far as the

1815
01:29:32,320 --> 01:29:35,360
Speaker 5: cattle industry is concerned, and that significantly damaged kind of

1816
01:29:35,400 --> 01:29:38,320
Speaker 5: our backup plan. So, yeah, this is a little unnerving.

1817
01:29:39,240 --> 01:29:40,519
Speaker 5: You know, my wife and I like to have a

1818
01:29:40,560 --> 01:29:42,120
Speaker 5: stake from time to time. We get it from a

1819
01:29:42,160 --> 01:29:45,719
Speaker 5: local farmer who originately here in New Richmond, which is nice,

1820
01:29:45,800 --> 01:29:48,720
Speaker 5: but you know, from a national point of view, you

1821
01:29:48,800 --> 01:29:50,880
Speaker 5: know you're probably going to see prices continue to anchors.

1822
01:29:51,160 --> 01:29:53,320
Speaker 2: Yeah. Yeah, and we love steak and Cincinnati. We have

1823
01:29:53,680 --> 01:29:55,880
Speaker 2: a ton of great steak prs and you're gonna sure

1824
01:29:56,000 --> 01:29:58,360
Speaker 2: or even a burger for that matter. One of the

1825
01:29:58,479 --> 01:30:00,680
Speaker 2: things we saw this week too is and you know

1826
01:30:00,720 --> 01:30:02,800
Speaker 2: the past, we talks like, hey, the market's kind of

1827
01:30:02,840 --> 01:30:05,240
Speaker 2: got the you know, Trump or any president by this time,

1828
01:30:05,320 --> 01:30:06,880
Speaker 2: but kind of baked into the market. We kind of

1829
01:30:06,920 --> 01:30:08,439
Speaker 2: know what he's gonna do. He's up and down, but

1830
01:30:08,920 --> 01:30:10,879
Speaker 2: you know, the markets are going to stay fairly consistent.

1831
01:30:10,960 --> 01:30:12,920
Speaker 2: We've seen a whip saw this week over ran like

1832
01:30:12,960 --> 01:30:15,439
Speaker 2: we've never seen before. And one of the stories actually

1833
01:30:15,439 --> 01:30:18,720
Speaker 2: in the Financial Times I was reading was that, you know,

1834
01:30:18,880 --> 01:30:21,800
Speaker 2: some of investors are taking everything he says literally and

1835
01:30:21,880 --> 01:30:23,719
Speaker 2: other ones are ignoring it, and it's causing the markets

1836
01:30:23,720 --> 01:30:25,639
Speaker 2: to go up and down. And we really don't see

1837
01:30:25,640 --> 01:30:28,360
Speaker 2: it all that much when it comes to this president

1838
01:30:28,479 --> 01:30:29,559
Speaker 2: and why is it happening now?

1839
01:30:31,080 --> 01:30:34,320
Speaker 5: Well, I think he's very polarizing. You know, I had

1840
01:30:34,400 --> 01:30:37,679
Speaker 5: clients that leans far right. I have clients far left,

1841
01:30:37,760 --> 01:30:39,720
Speaker 5: and you know a lot of times when you're at

1842
01:30:39,760 --> 01:30:43,360
Speaker 5: those edges of the spectrum, you pay attention to the

1843
01:30:43,479 --> 01:30:47,800
Speaker 5: news that supports whatever you're thinking is already and some people,

1844
01:30:49,120 --> 01:30:51,920
Speaker 5: you know, take Trump at his word, and some people

1845
01:30:52,920 --> 01:30:56,520
Speaker 5: understand that there's probably more niversity employees there. But ultimately

1846
01:30:56,960 --> 01:31:00,920
Speaker 5: what's causing the volatility is is the price of oil.

1847
01:31:01,320 --> 01:31:03,080
Speaker 5: You know, last week we saw the price of oil

1848
01:31:03,120 --> 01:31:06,200
Speaker 5: spike above one hundred. Yesterday it came back a little

1849
01:31:06,240 --> 01:31:08,400
Speaker 5: bit into the mid nineties, and that's why we saw

1850
01:31:08,479 --> 01:31:11,599
Speaker 5: the markets, you know, rise about one percent yesterday because

1851
01:31:11,640 --> 01:31:13,720
Speaker 5: everybody's looking at the price of oil in which goes

1852
01:31:14,080 --> 01:31:17,599
Speaker 5: on in Iran, and so, you know, it continues to develop.

1853
01:31:17,680 --> 01:31:19,000
Speaker 5: You know, we're starting to get a little bit more

1854
01:31:19,040 --> 01:31:20,880
Speaker 5: clear to you about what's going on over there. Donald

1855
01:31:20,920 --> 01:31:24,040
Speaker 5: Trump is now putting pressure on our NATO partners to

1856
01:31:24,800 --> 01:31:27,920
Speaker 5: help him with opening up the straight of Hord News. Furthermore,

1857
01:31:28,160 --> 01:31:31,559
Speaker 5: Iran has now allowed some shipping out of the street

1858
01:31:32,439 --> 01:31:35,280
Speaker 5: and that caused a little bit of the fears yesterday

1859
01:31:35,320 --> 01:31:37,880
Speaker 5: when we saw oil prices fall a little bit. But

1860
01:31:38,040 --> 01:31:40,280
Speaker 5: what Iran is doing at this point is they're only

1861
01:31:40,400 --> 01:31:46,880
Speaker 5: allowing shipping to some of their partners, including China, India, Pakistan,

1862
01:31:47,240 --> 01:31:50,519
Speaker 5: those types of places. But there is some easing there

1863
01:31:50,600 --> 01:31:52,519
Speaker 5: now we'll see how that all plays out. The other

1864
01:31:52,560 --> 01:31:54,800
Speaker 5: thing you have to understand is that this is the

1865
01:31:54,840 --> 01:31:57,519
Speaker 5: straight uphoard moves is pretty cool too. Iran's economy as well.

1866
01:31:58,080 --> 01:32:00,360
Speaker 5: You know, even though they're only four percent of a

1867
01:32:00,439 --> 01:32:04,519
Speaker 5: global output, they rely on China's income and they want

1868
01:32:04,560 --> 01:32:06,720
Speaker 5: to keep in good relations with a lot of their

1869
01:32:06,760 --> 01:32:09,320
Speaker 5: trading partners and they don't want them to fall into crisis.

1870
01:32:09,360 --> 01:32:12,720
Speaker 5: You know, China depends on Iranian oil, so obviously it's

1871
01:32:12,720 --> 01:32:15,400
Speaker 5: in Iran's best interest to send oil to China. And

1872
01:32:15,520 --> 01:32:19,280
Speaker 5: so all of those things combined allowed for us to

1873
01:32:19,280 --> 01:32:21,200
Speaker 5: see a little bit of a dropping oil prices yesterday.

1874
01:32:21,200 --> 01:32:22,639
Speaker 3: And that's why he's just on the market trust.

1875
01:32:22,640 --> 01:32:24,320
Speaker 2: And we don't know what the off ramp is going

1876
01:32:24,360 --> 01:32:25,559
Speaker 2: to be. A lot of things have been thrown at

1877
01:32:25,560 --> 01:32:27,040
Speaker 2: the board. We still don't know the off ramp for

1878
01:32:27,080 --> 01:32:29,720
Speaker 2: what's happening in Iran and when we tap out or

1879
01:32:29,760 --> 01:32:32,960
Speaker 2: they tap out. But does that then mean that gas

1880
01:32:33,000 --> 01:32:34,840
Speaker 2: prices are going to get worse before they get better.

1881
01:32:35,800 --> 01:32:38,200
Speaker 5: Yes, yeah, because they lag a little bit, and so

1882
01:32:39,080 --> 01:32:40,799
Speaker 5: you know, when you start to look at gas prices,

1883
01:32:40,880 --> 01:32:43,280
Speaker 5: expect them to continue to increase. You know, hopefully this

1884
01:32:43,560 --> 01:32:46,240
Speaker 5: you know, we find an off rent to this conflict

1885
01:32:46,320 --> 01:32:49,439
Speaker 5: over the next couple of weeks, because if we don't

1886
01:32:49,600 --> 01:32:52,360
Speaker 5: and we don't see a lot more oil fly going

1887
01:32:52,400 --> 01:32:54,559
Speaker 5: through the tradeable moves. You know, we can see oil

1888
01:32:54,600 --> 01:32:57,920
Speaker 5: prices continue to rise, and you know, when you go

1889
01:32:58,000 --> 01:33:00,200
Speaker 5: back and you look at the data from financial steam point,

1890
01:33:00,320 --> 01:33:03,640
Speaker 5: if oil prices start to increase at a rate of

1891
01:33:04,320 --> 01:33:08,559
Speaker 5: seventy five percent of higher versus its previous annual has,

1892
01:33:09,360 --> 01:33:11,799
Speaker 5: then you can see a conflict as far as inflation

1893
01:33:11,920 --> 01:33:14,200
Speaker 5: starting to increase. And that's certainly what we don't want.

1894
01:33:14,280 --> 01:33:16,400
Speaker 5: We don't want the Fed to have to reverse years

1895
01:33:16,439 --> 01:33:19,040
Speaker 5: and start to raise interest rates again because that can

1896
01:33:19,080 --> 01:33:22,160
Speaker 5: certainly push us into recession. So everybody's keeping an eye

1897
01:33:22,200 --> 01:33:24,880
Speaker 5: on oil prices and we're also keeping an eye on,

1898
01:33:25,560 --> 01:33:28,400
Speaker 5: you know, whether that we can find a solution to

1899
01:33:28,640 --> 01:33:30,240
Speaker 5: the conflict that we have in Iran right now.

1900
01:33:30,360 --> 01:33:34,280
Speaker 2: And the president was tapping into the strategic petroleum reserve

1901
01:33:34,880 --> 01:33:37,800
Speaker 2: that would drop prices down. That that really hasn't it.

1902
01:33:37,840 --> 01:33:40,200
Speaker 2: They're dropping for different reasons. But uh, you know it

1903
01:33:40,280 --> 01:33:43,080
Speaker 2: was critical when Biden did this, oral Obama did this

1904
01:33:43,320 --> 01:33:45,040
Speaker 2: or try you know, it seems like every president's going

1905
01:33:45,080 --> 01:33:47,679
Speaker 2: to well, go to the strategic and it doesn't do anything.

1906
01:33:47,800 --> 01:33:50,599
Speaker 2: It didn't do anything, you know, three years ago four

1907
01:33:50,680 --> 01:33:53,080
Speaker 2: years ago. It's not going to do anything here.

1908
01:33:53,040 --> 01:33:53,200
Speaker 4: Is it.

1909
01:33:54,479 --> 01:33:58,040
Speaker 5: Well, I think it will alleviate some investor fears, and

1910
01:33:58,320 --> 01:34:00,800
Speaker 5: maybe the markets react because of that. Now in the

1911
01:34:00,800 --> 01:34:02,840
Speaker 5: big scheme of things, four hundred million barrels a day

1912
01:34:03,200 --> 01:34:06,559
Speaker 5: from a global standpoint, you know, it helps a little bit,

1913
01:34:06,680 --> 01:34:09,519
Speaker 5: but not significantly. What I do find interesting is that

1914
01:34:09,640 --> 01:34:13,479
Speaker 5: we actually lifted some sensions on Russia. Yeah, yes, other

1915
01:34:13,600 --> 01:34:16,640
Speaker 5: countries to buy some of its oil and load them

1916
01:34:16,720 --> 01:34:19,200
Speaker 5: on vessels. And you know, I found that that was

1917
01:34:20,400 --> 01:34:23,600
Speaker 5: you know, an interesting strategy because you know, hopefully that

1918
01:34:23,680 --> 01:34:27,679
Speaker 5: will increase oil production throughout the rest of the world.

1919
01:34:27,760 --> 01:34:31,760
Speaker 5: But obviously that's against you know, Trump's initial political plan

1920
01:34:31,960 --> 01:34:34,400
Speaker 5: to put the class on Russia a little bit. So

1921
01:34:34,840 --> 01:34:36,960
Speaker 5: you know, you can kind of feel the administration puckering

1922
01:34:37,000 --> 01:34:38,720
Speaker 5: a little bit on this, particularly if they're going to

1923
01:34:38,760 --> 01:34:42,560
Speaker 5: give Russia a pats I'm producing again, So you know,

1924
01:34:42,640 --> 01:34:45,880
Speaker 5: I think it's coming to a critical moment here over

1925
01:34:45,920 --> 01:34:48,160
Speaker 5: the next couple of weeks, and again hopefully we can

1926
01:34:48,439 --> 01:34:49,759
Speaker 5: you know, find some type of resolution.

1927
01:34:49,880 --> 01:34:52,120
Speaker 2: Well we hope so. And I guess the other thing too,

1928
01:34:52,520 --> 01:34:56,880
Speaker 2: is that, at least fundamentally speaking, the economic data is

1929
01:34:57,200 --> 01:34:59,559
Speaker 2: pretty steady in that regard, despite where the markets are

1930
01:34:59,560 --> 01:35:02,000
Speaker 2: going up and down in the escalation of the Middle

1931
01:35:02,040 --> 01:35:04,800
Speaker 2: each you know, we had some economic numbers come out,

1932
01:35:04,840 --> 01:35:06,720
Speaker 2: economic data. Why don't we talk about that and maybe

1933
01:35:06,760 --> 01:35:08,599
Speaker 2: assuage somebody's fears freaking out right now?

1934
01:35:09,320 --> 01:35:10,880
Speaker 5: Yeah, and I think that's really what you want to

1935
01:35:10,920 --> 01:35:14,479
Speaker 5: focus on. You know, the global conflicts generally can have

1936
01:35:14,600 --> 01:35:17,360
Speaker 5: an impact in markets on a short term perspective, but

1937
01:35:17,960 --> 01:35:22,400
Speaker 5: historically they really don't last very long, especially from an

1938
01:35:22,400 --> 01:35:26,000
Speaker 5: economic standpoint. So we did get some consumer inflation numbers

1939
01:35:26,640 --> 01:35:29,639
Speaker 5: last week. We saw hadline prices rise about point three percent,

1940
01:35:29,720 --> 01:35:32,840
Speaker 5: and that's the twelve month print remaining at two point

1941
01:35:32,880 --> 01:35:36,160
Speaker 5: four percent, and core inflation, which should excludes food and

1942
01:35:36,280 --> 01:35:39,439
Speaker 5: energy experience at point two percent monthly increase, so two

1943
01:35:39,520 --> 01:35:42,639
Speaker 5: point five percent year of year. And so generally why

1944
01:35:42,760 --> 01:35:46,120
Speaker 5: oil prices grab the headlines. You know, energy only comprises

1945
01:35:46,160 --> 01:35:49,439
Speaker 5: of about six percent of our total inflation, but when

1946
01:35:49,520 --> 01:35:52,160
Speaker 5: gas prices jump, it can feel like an immediate pay

1947
01:35:52,200 --> 01:35:56,120
Speaker 5: cut for consumers. And so, you know, the data has

1948
01:35:56,200 --> 01:35:59,600
Speaker 5: been pretty good, Labor market has been steady. You know,

1949
01:35:59,760 --> 01:36:02,559
Speaker 5: the the reading that we got two weeks ago wasn't

1950
01:36:02,640 --> 01:36:07,640
Speaker 5: very encouraging. We lost ninety two thousand jobs, and you

1951
01:36:07,720 --> 01:36:10,200
Speaker 5: know that was a lot less than what I'm sorry,

1952
01:36:10,240 --> 01:36:12,000
Speaker 5: a lot more than what's expected.

1953
01:36:13,320 --> 01:36:13,920
Speaker 3: So we'll see.

1954
01:36:14,080 --> 01:36:16,360
Speaker 5: You know, housing is starting to pick up a little bit.

1955
01:36:16,479 --> 01:36:19,519
Speaker 5: We saw home sales rise about one seven percent in January. So,

1956
01:36:20,200 --> 01:36:22,439
Speaker 5: you know, other than what's going on in Iran, I

1957
01:36:22,520 --> 01:36:25,200
Speaker 5: think you know, the takeaway here is that the economy

1958
01:36:25,439 --> 01:36:26,920
Speaker 5: is still plugging along.

1959
01:36:27,080 --> 01:36:27,400
Speaker 3: Okay.

1960
01:36:27,640 --> 01:36:30,040
Speaker 5: I think there's debolatory that we're seeing right now, the

1961
01:36:30,120 --> 01:36:33,600
Speaker 5: anticipation if something can go terribly wrong in Iran. So

1962
01:36:34,120 --> 01:36:36,320
Speaker 5: you know, my advice is to continue to stay of course,

1963
01:36:36,400 --> 01:36:39,360
Speaker 5: maybe make some small judgment to your portfolio, don't overreact

1964
01:36:39,760 --> 01:36:41,519
Speaker 5: to what's going on to you politically right now.

1965
01:36:41,880 --> 01:36:44,080
Speaker 2: Andy Schaeffer from all Worth Financial on the show this

1966
01:36:44,200 --> 01:36:47,080
Speaker 2: morning every Tuesday morning, a little money update on seven

1967
01:36:47,160 --> 01:36:51,840
Speaker 2: hundred WLW. We're seeing a little bit maybe expansion in

1968
01:36:51,920 --> 01:36:54,200
Speaker 2: the future. I mean, I know, the markets have been

1969
01:36:54,280 --> 01:36:55,680
Speaker 2: up and down and up and down and up and down.

1970
01:36:55,680 --> 01:36:58,320
Speaker 2: It's making everyone seasick at this point. But as you said,

1971
01:36:58,360 --> 01:37:02,000
Speaker 2: the trajectory overall there of this thing is still moving

1972
01:37:02,040 --> 01:37:02,719
Speaker 2: in the right direction.

1973
01:37:03,840 --> 01:37:06,840
Speaker 3: Yeah, it is moving in the right direction. And you know,

1974
01:37:06,880 --> 01:37:07,920
Speaker 3: I think that's telling.

1975
01:37:08,120 --> 01:37:10,439
Speaker 5: You know, when the FED gets together this month, I

1976
01:37:10,479 --> 01:37:13,000
Speaker 5: don't expect that we're going to see an interestrate cut.

1977
01:37:13,479 --> 01:37:16,280
Speaker 5: I think they can remain patient, but it will be

1978
01:37:16,320 --> 01:37:18,280
Speaker 5: interesting to see what kind of guidance we get from

1979
01:37:18,320 --> 01:37:22,040
Speaker 5: the Fed, particularly about the potential of inflation and oil

1980
01:37:22,120 --> 01:37:25,160
Speaker 5: prices and the like. But I think the Fed is

1981
01:37:25,200 --> 01:37:28,120
Speaker 5: remaining patient. I still think that we're probably looking at

1982
01:37:28,880 --> 01:37:32,639
Speaker 5: a quarter percent rate cut this summer, most likely in June.

1983
01:37:32,720 --> 01:37:35,040
Speaker 3: So nothing has really changed much there.

1984
01:37:35,160 --> 01:37:37,280
Speaker 5: Now we will get a lot of the FED members

1985
01:37:37,320 --> 01:37:39,760
Speaker 5: given their predictions of what interest rates will look like

1986
01:37:39,840 --> 01:37:42,720
Speaker 5: over the next year, so that will be interesting as well,

1987
01:37:42,760 --> 01:37:44,240
Speaker 5: and that will give us a little bit of insight

1988
01:37:44,320 --> 01:37:46,000
Speaker 5: to how the FED is thinking about not only does

1989
01:37:46,080 --> 01:37:49,160
Speaker 5: conflict but the state of our economy in general very good.

1990
01:37:49,720 --> 01:37:51,640
Speaker 2: One of the things I saw too, is that that,

1991
01:37:52,040 --> 01:37:54,439
Speaker 2: you know, what really drove this huge growth we've seen

1992
01:37:54,479 --> 01:37:56,360
Speaker 2: on Wall Street addition to AI, but a lot of

1993
01:37:56,479 --> 01:37:59,960
Speaker 2: private credit flooding the market as well, and now investors

1994
01:38:00,040 --> 01:38:01,800
Speaker 2: are trying to pull money out of those funds. What's

1995
01:38:01,840 --> 01:38:02,080
Speaker 2: going on?

1996
01:38:03,360 --> 01:38:05,880
Speaker 5: Yeah, and I think it's private credit is a little

1997
01:38:05,880 --> 01:38:08,320
Speaker 5: bit complicated to understand, but essentially you have these big

1998
01:38:08,400 --> 01:38:10,280
Speaker 5: hedge funds that offer private credit.

1999
01:38:10,360 --> 01:38:10,920
Speaker 3: What does that mean?

2000
01:38:10,960 --> 01:38:14,280
Speaker 5: What means private businesses that you know are issue issuing

2001
01:38:15,320 --> 01:38:19,840
Speaker 5: capital through loans well with private lending. You know, a

2002
01:38:19,920 --> 01:38:22,760
Speaker 5: lot of times these businesses obviously aren't as stable as

2003
01:38:22,800 --> 01:38:25,080
Speaker 5: the United States government and don't don't have the bathing

2004
01:38:25,160 --> 01:38:27,479
Speaker 5: and so what you get in returned is you get

2005
01:38:27,479 --> 01:38:29,439
Speaker 5: a little bit higher return as far as an interest

2006
01:38:29,479 --> 01:38:31,600
Speaker 5: rate is concerned. But what we are finding with the

2007
01:38:31,680 --> 01:38:34,840
Speaker 5: private credit, particularly when interest rates were low, is that

2008
01:38:34,920 --> 01:38:36,760
Speaker 5: a lot of these companies, for a lot of these

2009
01:38:36,760 --> 01:38:39,479
Speaker 5: hedge funds, were starting to take more risk in the

2010
01:38:39,560 --> 01:38:43,000
Speaker 5: private credit sector, so they were trying to chase yields

2011
01:38:43,000 --> 01:38:44,439
Speaker 5: a little bit. So if they wanted to get a

2012
01:38:44,520 --> 01:38:48,840
Speaker 5: seven or eight percent return, essentially, they would have to

2013
01:38:49,040 --> 01:38:51,720
Speaker 5: look at these businesses that are a little bit more

2014
01:38:51,800 --> 01:38:54,120
Speaker 5: risky as far as the health of their business is concerned.

2015
01:38:54,160 --> 01:38:56,680
Speaker 5: And what we've seen is that largely some of these

2016
01:38:56,720 --> 01:39:00,000
Speaker 5: companies have failed. And so this is starting to ignite

2017
01:39:00,160 --> 01:39:02,679
Speaker 5: a little bit of fear for those shareholders that are

2018
01:39:02,720 --> 01:39:07,599
Speaker 5: in these private hedge private hedge private funds, and they're

2019
01:39:07,640 --> 01:39:11,920
Speaker 5: starting to initiate withdrawals. While these private credit funds at

2020
01:39:11,960 --> 01:39:14,320
Speaker 5: this point are starting to limit withdrawals because they want

2021
01:39:14,360 --> 01:39:18,200
Speaker 5: to protect and stop the floodgates from completely opening, and

2022
01:39:18,280 --> 01:39:21,760
Speaker 5: they're fund collapsing overall. So it's it's started with Blue

2023
01:39:21,800 --> 01:39:23,920
Speaker 5: ou Out in California and now we're starting to see

2024
01:39:23,920 --> 01:39:27,040
Speaker 5: it with Black Rocks. There's some other providers like KKR

2025
01:39:27,160 --> 01:39:28,880
Speaker 5: that are starting to feel the pinch a little bit,

2026
01:39:29,920 --> 01:39:31,519
Speaker 5: you know. So I think a lot of times when

2027
01:39:31,560 --> 01:39:34,080
Speaker 5: you get into investments, you know, and we do offer

2028
01:39:34,160 --> 01:39:36,800
Speaker 5: private credit, I don't particularly have any clients that are

2029
01:39:36,840 --> 01:39:39,920
Speaker 5: in it, but when you get into invest investments that are,

2030
01:39:40,320 --> 01:39:43,799
Speaker 5: you know, touting specific returns that seem higher than normal,

2031
01:39:44,080 --> 01:39:46,640
Speaker 5: there's going to be some risk involved with that. So

2032
01:39:47,400 --> 01:39:49,320
Speaker 5: you want to make sure that you understand what types

2033
01:39:49,320 --> 01:39:51,680
Speaker 5: of investments you're getting in because they do all have risk.

2034
01:39:52,040 --> 01:39:55,320
Speaker 2: Okay, we're seeing a time now where you know, gas

2035
01:39:55,360 --> 01:39:57,840
Speaker 2: price are up. We led Andy Schaeffer with beef going

2036
01:39:57,960 --> 01:40:01,280
Speaker 2: up and the markets right, everyone's feeling absolutely you know,

2037
01:40:01,520 --> 01:40:05,200
Speaker 2: unless you've got crazy mad money, you're not feeling it

2038
01:40:05,240 --> 01:40:07,200
Speaker 2: at all. But let's face it, for most of us,

2039
01:40:07,240 --> 01:40:09,280
Speaker 2: we're feeling this, and the lower down you are on

2040
01:40:09,280 --> 01:40:11,840
Speaker 2: the economic scale, you feel the hell of a lot more.

2041
01:40:12,080 --> 01:40:13,640
Speaker 2: I did notice this for those of us kind of

2042
01:40:13,640 --> 01:40:15,160
Speaker 2: the middle and the upper part of that is the

2043
01:40:15,400 --> 01:40:18,000
Speaker 2: we have a record number of people who are taking money,

2044
01:40:18,080 --> 01:40:20,760
Speaker 2: pulling money from their far one k I think the

2045
01:40:20,920 --> 01:40:22,439
Speaker 2: genius though, is why they're doing that.

2046
01:40:24,080 --> 01:40:26,160
Speaker 5: Yeah, I think you know, a lot of people are

2047
01:40:26,200 --> 01:40:29,160
Speaker 5: starting to implement these hardship withdrawals. We're starting to see

2048
01:40:29,600 --> 01:40:33,240
Speaker 5: increase there. You know, hardship withdrawals can be anything from

2049
01:40:33,280 --> 01:40:41,200
Speaker 5: metal expenses you're purchasing a primary residence, tuition, funeral, expensive disasters,

2050
01:40:41,280 --> 01:40:45,560
Speaker 5: this types of thing. They've also actually expanded some of

2051
01:40:45,600 --> 01:40:47,439
Speaker 5: the reasons that you can take a hardship withdrawal to

2052
01:40:47,520 --> 01:40:50,439
Speaker 5: include things like domestic abuse. So I think that's good

2053
01:40:50,560 --> 01:40:53,120
Speaker 5: on the surface, but a lot of people are starting

2054
01:40:53,160 --> 01:40:55,200
Speaker 5: to tap in that resource. The problem is is that

2055
01:40:55,960 --> 01:40:58,040
Speaker 5: you know, you can pay taxes if you're under fifty

2056
01:40:58,080 --> 01:41:00,800
Speaker 5: nine and a half on those withdrawals, and potentially a

2057
01:41:00,880 --> 01:41:03,760
Speaker 5: ten percent penalty as well. So you should use it

2058
01:41:03,800 --> 01:41:05,960
Speaker 5: as a last resort, and furthermore, a lot of times

2059
01:41:06,040 --> 01:41:08,760
Speaker 5: people might look into maybe potentially taking a loan out

2060
01:41:08,760 --> 01:41:11,160
Speaker 5: of a four one KSE. The problem with that is

2061
01:41:11,280 --> 01:41:12,680
Speaker 5: is not only do you have to pay it five

2062
01:41:12,760 --> 01:41:14,840
Speaker 5: typically at a time for a about five years. But

2063
01:41:14,960 --> 01:41:17,120
Speaker 5: any money that you're pulling out of the market, you're

2064
01:41:17,200 --> 01:41:21,880
Speaker 5: losing that opportunity to participate in the returns of the market.

2065
01:41:22,240 --> 01:41:23,680
Speaker 5: And so if you had a loan out over the

2066
01:41:23,760 --> 01:41:26,040
Speaker 5: last three years in the market of fifteen to fifteen

2067
01:41:26,080 --> 01:41:28,320
Speaker 5: percent each year, you know you're missing out on some

2068
01:41:28,520 --> 01:41:31,280
Speaker 5: significant returns. Now, it is a last resort. It is

2069
01:41:31,360 --> 01:41:33,720
Speaker 5: a provision that I do support, and it does come

2070
01:41:33,760 --> 01:41:35,320
Speaker 5: in handy for people that are in a pinch.

2071
01:41:36,120 --> 01:41:37,559
Speaker 3: But I do think that you should use it as

2072
01:41:37,600 --> 01:41:38,200
Speaker 3: a last resort.

2073
01:41:38,439 --> 01:41:39,479
Speaker 2: But there are a lot of people that do it

2074
01:41:39,560 --> 01:41:41,360
Speaker 2: and say, you know what, I don't know if I'm

2075
01:41:41,360 --> 01:41:43,360
Speaker 2: gonna be alive in five, ten, twenty years, whatever the

2076
01:41:43,439 --> 01:41:45,040
Speaker 2: hell with that. I'm going to live for today. I

2077
01:41:45,160 --> 01:41:46,800
Speaker 2: kind of get that line of thinking. But you are

2078
01:41:46,840 --> 01:41:47,679
Speaker 2: slitting your own throat.

2079
01:41:49,040 --> 01:41:54,920
Speaker 5: Yeah, yeah, And unfortunately, most people's wealth is tied up

2080
01:41:54,960 --> 01:41:57,640
Speaker 5: into two things. It's tied up into their home and

2081
01:41:57,680 --> 01:41:59,840
Speaker 5: it's tied up into their four to one case. That

2082
01:42:00,160 --> 01:42:02,000
Speaker 5: is the standard of retirement planning.

2083
01:42:02,600 --> 01:42:03,080
Speaker 3: These things.

2084
01:42:03,120 --> 01:42:05,960
Speaker 5: You know back in two generations ago, is you work

2085
01:42:06,000 --> 01:42:09,160
Speaker 5: at one company for forty years, you get a pension

2086
01:42:09,200 --> 01:42:11,120
Speaker 5: and you get your social Security. There really wasn't a

2087
01:42:11,120 --> 01:42:13,880
Speaker 5: whole lot of investing. Well now most money is tied

2088
01:42:13,960 --> 01:42:18,920
Speaker 5: up into two entities that aren't exactly liquid until you

2089
01:42:19,120 --> 01:42:22,760
Speaker 5: retire or have the flexibility to move, and so this

2090
01:42:22,960 --> 01:42:26,759
Speaker 5: does provide a provision for that, you know, but hopefully

2091
01:42:27,200 --> 01:42:29,320
Speaker 5: people are starting to save a little bit more. That's

2092
01:42:29,320 --> 01:42:31,200
Speaker 5: why it's so important to have a decent amount of

2093
01:42:31,240 --> 01:42:34,439
Speaker 5: cash reserves that are at state in case you do

2094
01:42:34,760 --> 01:42:36,960
Speaker 5: come across emergencies where you don't even have to have

2095
01:42:37,240 --> 01:42:39,040
Speaker 5: this type of option. I know it's hard out there

2096
01:42:39,080 --> 01:42:42,320
Speaker 5: for most savers and most consumers here in the United States,

2097
01:42:42,400 --> 01:42:44,400
Speaker 5: but try to put a little bit away each month,

2098
01:42:44,439 --> 01:42:47,080
Speaker 5: trying to put twenty five dollars away, maybe fifty dollars away,

2099
01:42:47,120 --> 01:42:49,640
Speaker 5: and ultimately that you know, you take that out of

2100
01:42:49,680 --> 01:42:52,439
Speaker 5: your paycheck instead of it aside, and you know your

2101
01:42:52,479 --> 01:42:54,760
Speaker 5: lifestyle will adjust to that, and then if you do

2102
01:42:54,920 --> 01:42:56,840
Speaker 5: come across an emergency in your life, you'll have that

2103
01:42:56,920 --> 01:42:59,120
Speaker 5: available and you don't have to worry about tapping into

2104
01:42:59,160 --> 01:42:59,880
Speaker 5: these types of bums.

2105
01:43:00,200 --> 01:43:01,800
Speaker 2: It's a miracle of compounding, right. We look at the

2106
01:43:01,840 --> 01:43:04,760
Speaker 2: markets and but again they continue to grow and your

2107
01:43:04,880 --> 01:43:08,200
Speaker 2: your assetal grows well. Andy Schaeffer from all Worth Financial.

2108
01:43:08,280 --> 01:43:10,439
Speaker 2: Their show is Simply Money Ares at six o'clock week

2109
01:43:10,560 --> 01:43:12,879
Speaker 2: nights on fifty five care see and via the podcast

2110
01:43:12,920 --> 01:43:14,679
Speaker 2: as well. Drew, have a great week. We'll talk again

2111
01:43:14,760 --> 01:43:20,479
Speaker 2: next Tuesday, hopefully with better news. Always optimistic, optimistic. It's

2112
01:43:20,520 --> 01:43:22,320
Speaker 2: going to grow. It always grows, It does, it does.

2113
01:43:23,000 --> 01:43:25,000
Speaker 2: Willie is on the way in just a few minutes,

2114
01:43:25,040 --> 01:43:27,840
Speaker 2: right after news here and the national anthem, and of

2115
01:43:27,920 --> 01:43:31,840
Speaker 2: course we are getting ready for baseball. We're inside two weeks.

2116
01:43:31,880 --> 01:43:32,479
Speaker 2: Can you believe it?

2117
01:43:32,560 --> 01:43:32,600
Speaker 3: So?

2118
01:43:32,680 --> 01:43:34,679
Speaker 2: Home of the Red seven hundred wwt Cincinat