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Speaker 1: Welcome to today's edition of the Clay Travis and Buck

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Speaker 1: Sexton Show podcast.

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Speaker 2: We set up.

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Speaker 3: The basics of the Daniel Penny trial. It is now

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Speaker 3: a trial. He has been indicted on Friday. We're going

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Speaker 3: to return to that story here in just a few moments. Also,

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Speaker 3: keeping a close eye on the border. It feels at

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Speaker 3: some level like we're just giving you updates on that

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Speaker 3: disaster becoming more disastrous and some of the additional second

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Speaker 3: order effects, like now there are people being told, sorry,

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Speaker 3: you can't actually rent those rooms or you're not able

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Speaker 3: to you know, veterans aren't able to be housed, let's

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Speaker 3: say in some of this housing that's meant for people

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Speaker 3: to help them get back on their feet, got to

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Speaker 3: clear out room for the illegals. That's what we see

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Speaker 3: going on. That's what we see happening. So we'll return

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Speaker 3: to those stories in a second. But this just hit me.

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Speaker 3: I mean, Clay sent me this and I couldn't believe

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Speaker 3: honestly at the time that this is where things had

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Speaker 3: had gone. This is the reality that we all we

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Speaker 3: all face. But they must not have been paying very

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Speaker 3: close attention over at the Whoever owns I don't even

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Speaker 3: know who owns Miller Life. I, as you all know,

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Speaker 3: I don't really know much about beer at all. Beer,

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Speaker 3: I guess, and professional sports teams these days. I have

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Speaker 3: siliac disease, so I cannot drink. Drinking beer for me

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Speaker 3: is like drinking poison. I can't drink beer, normal beer.

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Speaker 2: I know.

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Speaker 3: I just gonna say, what about sorghum Ale? I always

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Speaker 3: want to say that people, Clay, does that sound awesome

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Speaker 3: to you?

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Speaker 2: Sorghum?

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Speaker 1: I just want to say that might have been the

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Speaker 1: most Brian Stelter like audio drop of your career. I

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Speaker 1: don't really drink beer, and I don't know anything about sports,

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Speaker 1: and then everybody out there is like Stelter's like I

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Speaker 1: Stilter pumped his fist and he was like I do.

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Speaker 4: Luck was that guys Sexted is on the team. He

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Speaker 4: is right there with me.

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Speaker 1: Soon you, you and Stelter are gonna be having like

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Speaker 1: a beating where you just hug and cry.

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Speaker 2: You know, just try one out. You put your head

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Speaker 2: on his shoulder. Words.

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Speaker 1: It's gonna be great, you know, with the little you're

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Speaker 1: gonna belonging to, the pjs and the walking around with

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Speaker 1: vagina hats before all of a sudden, done here pretty

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Speaker 1: soon in the women's march.

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Speaker 3: All right, let's get back making fun of Coors Lighter,

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Speaker 3: Miller Light or whoever, sir, excuse me, excuse me, excuse me.

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Speaker 3: So here we had Miller Lte watching what had happened

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Speaker 3: to bud Light and deciding, you know what, it's a

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Speaker 3: good time for us to release an ad where we

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Speaker 3: also try to move the feminist conversation about beer making forward.

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Speaker 3: Play some of this audio.

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Speaker 2: Guys, here's a little known fact. Women were among the

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Speaker 2: very first to brew beer ever.

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Speaker 3: From Mesopotamia to the Middle Ages to colonial America. It's

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Speaker 3: time beer made it up to women.

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Speaker 5: So today Miller Light is on a mission to clean

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Speaker 5: up not just there's the whole beer. Miller Light has

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Speaker 5: been scaring.

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Speaker 3: The internet for all this and buying it then so

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Speaker 3: that you can turn it into goods for women brewers.

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Speaker 1: But there's definitely washed down there in your attic and

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Speaker 1: the garage, and your parents.

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Speaker 2: Send any he got into Miller Light and they'll turn

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Speaker 2: that to go too. So here's to women, because without us, there.

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Speaker 1: Would be no beer.

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Speaker 3: Yeah, there also would be no humanity or existence. We

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Speaker 3: all get that. We're all very pro women here. This

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Speaker 3: is this is utterly bizarre. And also this this game

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Speaker 3: that that we're all gonna play. Now, you know what

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Speaker 3: the most consistent privilege across all cultures, across all societies,

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Speaker 3: all races, all religions, all periods in history.

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Speaker 2: You know what the real privilege is, Clay good looking people. Now,

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Speaker 2: Clay is shaking his head.

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Speaker 3: He's like, I know it's a big it's a big

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Speaker 3: challenge for the very good look at folks.

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Speaker 2: But I'm just I'm just.

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Speaker 3: Telling you, pretty people, privilege as it is known, that

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Speaker 3: is real, and you know, it's just the way that

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Speaker 3: it is.

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Speaker 2: And this notion that you know, we're not using bikinis

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Speaker 2: to sell beer.

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Speaker 3: Anymore, it's like, what are you using to sell beer

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Speaker 3: these days? Because the whole guy dressed as a girl

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Speaker 3: thing didn't work out very well.

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Speaker 1: So for people out there who haven't seen this video,

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Speaker 1: this is a woman walking through a factory floor like

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Speaker 1: a beer universe. I don't know, brewery, I'm not sure

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Speaker 1: exactly what it's supposed to be. And behind her there's

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Speaker 1: all these photos of old Miller light ads with girls

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Speaker 1: in bikinis. So, first of all, if you want to talk.

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Speaker 1: Everybody wants to talk about privilege these days. The apex

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Speaker 1: of privilege is hot girl privilege. If you are an

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Speaker 1: incredibly good looking woman, you get more privileged than anyone

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Speaker 1: who has ever existed in the history of mankind. And

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Speaker 1: everybody out there listening knows that this goes on all

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Speaker 1: the time.

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Speaker 2: Remember back in the day, there used to.

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Speaker 1: Be a Seinfeld's A Great Show. Right, Seinfeld was dating

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Speaker 1: a really good looking woman, and he basically made this

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Speaker 1: argument she could do anything that she wanted. Really good

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Speaker 1: looking women can get away with anything if you really

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Speaker 1: wanted to go and address the privileged hierarchy.

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Speaker 2: This is the apex. Okay.

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Speaker 1: I also don't understand if you are Miller Lite and

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Speaker 1: you are looking around at everything that's going on with

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Speaker 1: bud Light, and you have legitimately buck seen your overall

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Speaker 1: brand scales sales. This was in the Wall Street Journal

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Speaker 1: skyrocket by twenty percent. Why in the world would you

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Speaker 1: decide that you were going to do anything to help

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Speaker 1: light yourself on fire in the same method, magnitude or

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Speaker 1: process by which bud Light has done this. And I

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Speaker 1: think the only answer is because with this is also funny,

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Speaker 1: This would be a funnier ad than this ridiculous Miller

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Speaker 1: lte ad would be the guy who was sitting in

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Speaker 1: the marketing room when they played this ad, who one

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Speaker 1: hundred percent knew that this ad was a disaster, but

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Speaker 1: was afraid he'd be called a misogynist if he said, Hey,

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Speaker 1: I don't think we should repudiate our ads featuring women

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Speaker 1: in bikinis. And this also ties in, can we pull

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Speaker 1: back up the Tutor Dixon clip that we played on Thursday.

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Speaker 1: I own a beer Grottis Beer located in Tennessee. We

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Speaker 1: got a beer company. We're having fun with it. It's

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Speaker 1: just in Tennessee. I'd encourage you to drink it. If

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Speaker 1: I owned a big national beer company right now, I

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Speaker 1: would go so aggressively into girls in bikinis, parties, football,

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Speaker 1: having an amazing time, which was the number one way

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Speaker 1: we sold beer up until like seven years ago, and

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Speaker 1: my beer sales would skyrocket because the overwhelming majority of

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Speaker 1: my beer drinkers like pretty girls, football and having a

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Speaker 1: good time.

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Speaker 2: This is not rocket science, Okay.

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Speaker 1: The number of women out there who are offended because

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Speaker 1: girls in bikinis helped to sell beer is virtually zero.

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Speaker 1: There's people who claim that they're offended, but the actual

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Speaker 1: number of people who are offended by this is ee.

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Speaker 2: I mean, look at we're in the.

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Speaker 3: News business right basically, and you look at you look

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Speaker 3: on TV. Now, yes, it's not a modeling competition, but

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Speaker 3: it's obviously an advantage for men and for women. I

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Speaker 3: mean you'll notice, like even the mail anchors are you know,

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Speaker 3: they tend to choose for handsomeness at some level. This

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Speaker 3: is just a basic reality of marketing that we're all

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Speaker 3: aware of.

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Speaker 2: Now.

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Speaker 3: There there can be things can go too far, there

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Speaker 3: can be things in bad taste. But what's really interesting

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Speaker 3: is that they've clearly decided that the beer industry, as

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Speaker 3: partying football and babes, is something that they're ashamed of.

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Speaker 2: And I mean the.

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Speaker 3: People who work in marketing in the beer industry, right,

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Speaker 3: that's what this ad is really all about. It's like,

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Speaker 3: I can't believe this is how we used to sell stuff.

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Speaker 3: It's like, well, ultimately you're talking about beer. I mean,

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Speaker 3: I know people in this We got all the emails

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Speaker 3: that you could tell the difference between you know, Mulson

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Speaker 3: and Cores and Miller and Sam Adams.

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Speaker 1: I mean, I have no idea Okay, but I will say,

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Speaker 1: like hire in beer, like okay, there's a difference between

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Speaker 1: Guinnis and bud Light, right, I could tell that's between

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Speaker 1: those every day. There's not much difference between. I'm gonna

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Speaker 1: go to the war on this buck, everybody out there

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Speaker 1: being like, you give me a blind taste test, and

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Speaker 1: I can tell you what a Miller light is versus

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Speaker 1: a Core's light versus bud Light. I give you nachos

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Speaker 1: and a hot dog, and you eat those first, and

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Speaker 1: then you start to take a drip zip of beer.

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Speaker 2: You can't tell the difference.

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Speaker 3: My point here just being that it is obviously a

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Speaker 3: big part of it is marketing, right, This is it's

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Speaker 3: the perception of the brand. What does this brand represent

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Speaker 3: for you? What does this brand represent overall? That's true

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Speaker 3: in beer, it's true in you know, chocolate bars and

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Speaker 3: cars and you name it, right, we all know this

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Speaker 3: stuff marketing. One oh one Tudor Dixon. You mentioned her,

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Speaker 3: We have it now here she is.

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Speaker 2: She ran for governor. Now she's on the clan.

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Speaker 3: Buck podcast, which is a phenomenal podcast stream you should

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Speaker 3: all subscribe to on the iHeart app. But anyway, here

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Speaker 3: she is saying, and you know, beer in bikinis not

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Speaker 3: a bad combo from.

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Speaker 5: A marketing's perspective. I think it's very clear that those

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Speaker 5: were not their buyers. So now they know that the

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Speaker 5: trans community was not their main source of revenue. You

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Speaker 5: have got to look at that. I'm telling you my

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Speaker 5: marketing strategy for them will work. Go back to chicks

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Speaker 5: and bikinis. With a car wash, drink and bud light,

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Speaker 5: you're going to sell a lot.

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Speaker 3: True, I mean the you know the association. Also, this

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Speaker 3: is true for wine drinkers. And now I'm starting to

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Speaker 3: sound like I sit around with a top hat in

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Speaker 3: a monocle.

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Speaker 2: I don't drink beer, but I drink a little bit

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Speaker 2: of wine.

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Speaker 3: But I've dressed like mister peanut when I drink my wine.

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Speaker 3: Apparently I've got like a little kne little top hat.

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Speaker 3: But they've done studies to show this is sounding really nerdy.

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Speaker 2: We're talking about alcohol, but that.

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Speaker 3: People's belief that what they're drinking is really good, meaning

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Speaker 3: really really excellent vintage does enhance the pleasure they get

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Speaker 3: from drinking it. So the perception can drive some of

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Speaker 3: the pleasurable brain signal reality of it. And so the

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Speaker 3: whole point here for Miller and bought it everything because

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Speaker 3: someone they crack it open, relaxing partying. I mean this

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Speaker 3: is just in all the marketing, and if the association

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Speaker 3: is beautiful women partying, Sonny Place, good Day, that can

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Speaker 3: affect the way the beer actually tastes to the person.

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Speaker 3: As crazy as to some as that may sound.

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Speaker 1: Most of life is aspirational and most of marketing is

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Speaker 1: making people aspire to be in better places than they

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Speaker 1: are right now. Most beer drinking, let's be honest, is

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Speaker 1: by men by themselves in their house, right. I think

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Speaker 1: that's the number one way I would imagine that beer

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Speaker 1: is consumed on average in America. Is a guy who's

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Speaker 1: fifty years old drinks a beer by himself in his house.

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Speaker 1: The way they sell beer is, Oh, you're gonna be

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Speaker 1: at the super Bowl and you're gonna be hanging out

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Speaker 1: with a Victoria's Secret supermodel back when the Victoria's Secret

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Speaker 1: Supermodels Actually we're good looking and just fat chicks, and

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Speaker 1: you're gonna be hanging out with all your best buddies

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Speaker 1: high fiving. Your team's gonna win, And the reality is

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Speaker 1: you're probably watching your team lose from your from your house,

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Speaker 1: by yourself. And and and that's the reality. But the

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Speaker 1: aspirational aspects of it are good. And here's the challenge.

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Speaker 1: And I think about this a lot because I could

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Speaker 1: see this tying in with why Vice has gone bankrupt

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Speaker 1: and why BuzzFeed has collapsed.

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Speaker 2: Buck.

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Speaker 1: These marketing people that all these big brands hire, they

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Speaker 1: live in New York and LA. They never drink beer,

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Speaker 1: They certainly never drink light beer. And they go out

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Speaker 1: and they talk to their friends and it's some you know,

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Speaker 1: Harvard NBA who's thirty seven years old, a woman and

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Speaker 1: she's like, hey, what would make you drink Miller LT

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Speaker 1: or bud Light even though her friends never drink it?

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Speaker 1: Now and they sit around and they're drinking wine, and

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Speaker 1: they say, well, you know, if they were just less misogynistic,

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Speaker 1: maybe the answer is no, you're never gonna walk up

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Speaker 1: to a bar if you are a thirty seven year

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Speaker 1: old graduate degree woman by and large, and be like, hey,

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Speaker 1: I'll have a Miller like. You just aren't gonna do that.

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Speaker 1: You're not gonna order a bud Light. But they convince

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Speaker 1: themselves that if they run a marketing campaign to appeal

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Speaker 1: to the people in their social circles, that it will

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Speaker 1: somehow work when the reality is it's some dude in

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Speaker 1: the Midwest who loves Ohio State, it's some guy in

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Speaker 1: Alabama who loves Auburn. And they sit around and they

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Speaker 1: drink like beer, and they like football, and guess what

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Speaker 1: they like good looking girls. That's the base. Don't try

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Speaker 1: and change your brand. You are destroying what major brand

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Speaker 1: exists in the first place by hiring these people. And

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Speaker 1: yet they do it over and over and over again.

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Speaker 4: Brad Steltze would like to go out the record that

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Speaker 4: Clay is both man splaining and beer splaining, and ol

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Speaker 4: there is literally shaking right now, literally shaking right now.

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Speaker 3: So I just want everyone to know the beer splinning

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Speaker 3: and man splinting has not gone unnoticed by the MSM

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Speaker 3: out there. You know, with inflation on the rise and

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Speaker 3: the stock market really looking shoppy, protecting your retirement savings

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Speaker 3: can be a real challenge. But to whether today's economic uncertainty,

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Speaker 3: or CDs with no middleman. There are both Regulation A

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Speaker 1: Clay Travis and Buck Sexton Voices of Sanity in an

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Speaker 1: Insane World.

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Speaker 3: So on Friday I got to talk to you. Clay

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Speaker 3: was out, So this is Buck. I got to talk

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Speaker 3: to you about the Daniel Penny case in New York City.

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Speaker 3: And this is the former marine who stepped in when

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Speaker 3: there was someone named Neely, Jordan Neely, who was threatening

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Speaker 3: people on a subway, and for a lot of New Yorkers,

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Speaker 3: and including me, this was just another time, another instance

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Speaker 3: where the expectation is that the law abiding, the decent,

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Speaker 3: the people who are productive are expected to be in

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Speaker 3: a state of fear and do nothing because the city

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Speaker 3: did nothing. I think that's important to remember too. When

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Speaker 3: someone has been arrested forty four times, the authorities have

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Speaker 3: an obligation to take this person out of public circulation

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Speaker 3: to get the help they need in a carceral setting. Okay,

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Speaker 3: when someone's arrested forty four times, including for you know,

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Speaker 3: this isn't somebody who was stealing a pack of gum

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Speaker 3: or something. He was assaulting people, attacking people. Someone said,

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Speaker 3: even try to push somebody in front of a train.

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Speaker 3: I mean, this is really bad stuff.

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Speaker 2: So this marine.

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Speaker 3: Steps in and clay a lot. For a lot of

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Speaker 3: folks out there, myself included, it's it's just too much

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Speaker 3: to watch the left try to tear this guy down.

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Speaker 3: As as you know, they started out saying that he

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Speaker 3: was just an out and out racist, might as well

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Speaker 3: be a klansman engaged in a lynching. Aana Presley said,

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Speaker 3: horrific stuff, reckless, destructive lies. Now though we have the

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Speaker 3: reality of this trial, I can report to everybody though,

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Speaker 3: that Penny has two million dollars that has been raised

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Speaker 3: for him now I believe all of that will likely

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Speaker 3: go toward his defense. I know this from friends of

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Speaker 3: mine who have been high dollar criminal defense attorneys. Clay

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Speaker 3: people with a lot of money can run out of

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Speaker 3: all their money very fast because of how expensive it

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Speaker 3: is to defend yourself in these kinds of situations. But

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Speaker 3: at least now Penny has a serious legal war chest

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Speaker 3: to bring the best possible defense and just hopefully convince

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Speaker 3: that jury that he should not be held liable for this.

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Speaker 1: You know, Buck, when this story happened, it immediately reminded

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Speaker 1: me of you, as a born and raised New Yorker

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Speaker 1: talking about walking around the city how often you saw

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Speaker 1: potential perpetrators involved in violent criminal behavior. But also thought,

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Speaker 1: in the back of your mind, I can never do

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Speaker 1: anything as a citizen, because they will if you do

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Speaker 1: something if you're a white guy, and god forbid, it's

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Speaker 1: a black guy who is engaging in violent behavior. Same

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Speaker 1: thing if you're working in a as a security guard,

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Speaker 1: if you do anything, they will immediately call you a racist.

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Speaker 1: And this guy is being charged. As I said, they

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Speaker 1: knew they couldn't get him on murder one or murder

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Speaker 1: two because there's clearly no intent here. So they basically

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Speaker 1: got him on a manslaughter charge, which is a reckless

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Speaker 1: behavior charge for lack of a better way of describing it.

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Speaker 1: But we just saw what happened to Trump with Egene Carroll.

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Speaker 1: The money that's raised for a defense attorney, I would

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Speaker 1: encourage everybody who can afford to donate to his defense,

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Speaker 1: because I don't think this guy did anything wrong. Certainly

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Speaker 1: he wasn't intending for this to be the result of

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Speaker 1: his action. But when you allow identity politics to determine everything,

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Speaker 1: which is what the left wing in this country does,

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Speaker 1: if a white guy is involved in any way with

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Speaker 1: any behavior that can be branded racist, they will. And

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Speaker 1: so as soon as this video went out, nobody cares

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Speaker 1: about the massive amounts of crime that are going on

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Speaker 1: all over this country, black on black crime, Hispanic on hispanic,

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Speaker 1: even white on white right. Because Buck, if this guy

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Speaker 1: had been a white crazy person on the subway and

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Speaker 1: this marine had done the same thing, none of you

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Speaker 1: would have ever heard a word, right, And if this

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Speaker 1: had been a crazy white guy getting choked out by

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Speaker 1: a black guy who was a former marine, none of

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Speaker 1: you would have ever heard of this at all. The

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Speaker 1: only reason this was a story is because Daniel Penny

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Speaker 1: was white and this Neely individual was black. And we

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Speaker 1: said that as soon as it happened, and that is

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Speaker 1: also the only reason he's being charged with a crime.

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Speaker 1: This is identity politics meets criminal law. It was unfortunate,

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Speaker 1: but as soon as this went viral, this is what

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Speaker 1: Alvin Bragg felt compelled to do.

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Speaker 3: There's also you see this a lot now in these

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Speaker 3: videos that will circulate during traffic stops and law enforcement.

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Speaker 3: That's listening to this nos that I'm talking about. Look,

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Speaker 3: some of these videos show cops acting like jerks, which

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Speaker 3: can happen because cops are people too, and some of

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Speaker 3: them even go bad. Some of them are criminals, some

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Speaker 3: of them break the law, but obviously less than one

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Speaker 3: percent of them are criminals or doing anything like that. Right,

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Speaker 3: But law enforcement is not perfect, that said, because no

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Speaker 3: profession is perfect. That said, when you see these stops play,

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Speaker 3: what you often have are people who just say, I'm

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Speaker 3: not getting out of the car. This is becoming more

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Speaker 3: and more common. They'll say you're under arrest, and they'll say, no,

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Speaker 3: I'm not going with you. And this then leads to

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Speaker 3: escalation part of this, and I think this is what

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Speaker 3: it really gets to in the context not only of

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Speaker 3: Penny in New York, but you know in San Francisco

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Speaker 3: they're trying to pass this bill now that says you

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Speaker 3: can't use force to defend property.

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Speaker 2: Ultimately, this is really the basis of it all.

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Speaker 3: Ultimately, the law is you will obey, and if you

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Speaker 3: do not obey, at some point there will be force

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Speaker 3: of the state brought down on you. That the state

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00:20:12,680 --> 00:20:16,080
Speaker 3: seeks a monopoly on violence essentially or on force. And

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Speaker 3: you can't just do this where you disarm people and

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Speaker 3: disallow them to defend themselves and refuse to even have

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Speaker 3: the state use violence to enforce the law. Right to

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Speaker 3: let people go all the time to say, oh, we're

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Speaker 3: not going to do this, We're not going to you're

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Speaker 3: creating the term everyone keeps seeing these days is anarcho

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Speaker 3: tyranny where everyone has to be afraid and the whim

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Speaker 3: of the state is the only defense you have. And

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Speaker 3: if that means that you can't defend yourself too.

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Speaker 1: Bad, And I wonder I know our producer ally rides

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Speaker 1: a subway every day. If you told the average woman

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Speaker 1: who is on the subway, the average young kid there

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Speaker 1: is going to be a former marine who is in

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Speaker 1: good shape and is able to act to protect individuals

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Speaker 1: on your subway car, how many people would say I

402
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Speaker 1: will sign up for that in a heartbeat. I think

403
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Speaker 1: almost every woman and a lot of kids out there

404
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Speaker 1: that are traveling on the subways, and I think a

405
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Speaker 1: lot of men who aren't comfortable defending themselves, which unfortunately

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Speaker 1: is a huge percentage of men in this country today.

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Speaker 1: And so I wonder buck as this case plays its

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Speaker 1: way through the New York City court system, if Daniel

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Speaker 1: Penny is found not guilty, which he should be, of

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Speaker 1: this manslaughter charge, I hope that it is going to

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Speaker 1: be an eye opening moment for many people out there

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Speaker 1: about the degree to which people of all races, white, Black, Asian,

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Speaker 1: and Hispanic feel unsafe in New York City and also

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Speaker 1: many other of the major cities out there across the country,

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Speaker 1: in particular women and children. And obviously there's not each

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Speaker 1: on this jury, but I would think if you're a

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Speaker 1: woman who rides on the subway, and you had to

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Speaker 1: decide between a guy who's making violent threats, who has

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Speaker 1: engaged in violent behavior before.

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Speaker 2: Or the marine.

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Speaker 1: I just don't see any way if even in New

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Speaker 1: York City, buck that this can be a conviction beyond

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Speaker 1: a reasonable doubt, because I don't think his behavior was reckless.

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Speaker 3: I was going to ask you, do you think that

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Speaker 3: they're going to try to get a plea deal for this.

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Speaker 3: I get the sense that Bragg's office has got to know,

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Speaker 3: you know, maybe they give a plea deal with very minimal,

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Speaker 3: very minimal jail time look three years as the bottom

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00:22:36,560 --> 00:22:40,040
Speaker 3: end of the recommendations right now, and with parole that

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Speaker 3: would mean that you could get out probably in fifteen months.

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Speaker 3: If I'm Penny, I think I take this. I think

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Speaker 3: I take this all the way. But I would assume

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Speaker 3: that Bragg does not want to take this to trial

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Speaker 3: if he can avoid it, because on this one in

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Speaker 3: New York City, you know, the libs who go on

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Speaker 3: CNN at MSNBC may pretend like everybody is outraged by this,

437
00:23:00,760 --> 00:23:03,320
Speaker 3: and everybody thinks this was like racist in some way,

438
00:23:03,880 --> 00:23:05,679
Speaker 3: people who ride the subway are like, we're sick of

439
00:23:05,680 --> 00:23:08,600
Speaker 3: this crap. That's honestly where that's the mindset right now.

440
00:23:09,080 --> 00:23:13,040
Speaker 1: Politically, buck this charge feels like the bare minimum that

441
00:23:13,200 --> 00:23:17,359
Speaker 1: Bragg can do to bow to the woke activists. And

442
00:23:17,400 --> 00:23:20,600
Speaker 1: then I wonder, behind the scenes, to your point, are

443
00:23:20,640 --> 00:23:24,160
Speaker 1: they trying to figure out a way to get out

444
00:23:24,200 --> 00:23:26,639
Speaker 1: of this with a plea? I don't think Penny will plea.

445
00:23:27,280 --> 00:23:30,720
Speaker 1: And also Bragg may have decided from a political perspective

446
00:23:31,080 --> 00:23:35,080
Speaker 1: that even bringing these charges and losing is beneficial to

447
00:23:35,160 --> 00:23:38,520
Speaker 1: him because then he can blame the jury as opposed

448
00:23:38,520 --> 00:23:41,000
Speaker 1: to himself. In other words, give a bare minimum charge.

449
00:23:41,240 --> 00:23:43,680
Speaker 1: If you get a conviction, the woke people are happy.

450
00:23:44,119 --> 00:23:48,520
Speaker 1: If Penny beats these charges, then you have done everything

451
00:23:48,560 --> 00:23:52,119
Speaker 1: that you could have done in this situation. The big

452
00:23:52,200 --> 00:23:56,600
Speaker 1: loser here, frankly, unfortunately is the justice system, because there's

453
00:23:56,640 --> 00:23:59,520
Speaker 1: no reason legitimately for Penny to have been charged in

454
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Speaker 1: Over the weekend, I saw this and I just said,

488
00:26:07,080 --> 00:26:09,639
Speaker 1: this is a perfect representation of why so many of

489
00:26:09,640 --> 00:26:12,840
Speaker 1: these companies are collapsing. I mentioned off the top Weice

490
00:26:12,920 --> 00:26:17,080
Speaker 1: has gone bankrupt. They had a five point seven billion

491
00:26:17,200 --> 00:26:20,560
Speaker 1: dollar valuation just a few years ago. They were raising

492
00:26:20,600 --> 00:26:24,000
Speaker 1: money from Disney, from all these big media companies like crazy.

493
00:26:24,320 --> 00:26:28,960
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494
00:26:28,960 --> 00:26:32,680
Speaker 1: a share. The entire BuzzFeed value right now, according to

495
00:26:32,720 --> 00:26:37,040
Speaker 1: the market cap eighty million dollars. What's going on here?

496
00:26:37,280 --> 00:26:41,160
Speaker 1: Why are these companies collapsing? I would argue it's because

497
00:26:41,560 --> 00:26:45,800
Speaker 1: they've gone so woke Buck that they are fundamentally dishonest

498
00:26:45,840 --> 00:26:49,800
Speaker 1: with their audiences. And here is a perfect representation of that.

499
00:26:49,960 --> 00:26:53,360
Speaker 1: I saw this on Sunday. The Nation, which is an

500
00:26:53,440 --> 00:26:57,320
Speaker 1: unabashedly far left wing outlet, sent out.

501
00:26:57,560 --> 00:27:00,040
Speaker 3: I think they're actually I mean they're commies. I'm I

502
00:27:00,040 --> 00:27:01,960
Speaker 3: mean that Pejora of le But I think they think

503
00:27:02,000 --> 00:27:05,080
Speaker 3: of themselves as commies too. I mean they are radical left.

504
00:27:05,119 --> 00:27:09,280
Speaker 3: They are lunatics, even for far left wing. It is

505
00:27:09,359 --> 00:27:11,560
Speaker 3: far left wing right the Nation. For those of you

506
00:27:11,600 --> 00:27:14,159
Speaker 3: who have not paid attention, that is how bad they are.

507
00:27:14,160 --> 00:27:15,520
Speaker 3: But they send out this tweet.

508
00:27:16,280 --> 00:27:20,800
Speaker 1: When Leah Thomas first entered the women's NCAA swimming scene

509
00:27:20,800 --> 00:27:24,000
Speaker 1: in twenty twenty one, she got the kind of attention

510
00:27:24,600 --> 00:27:29,080
Speaker 1: rarely given to swimming athletes outside of the Olympics. Thomas

511
00:27:29,240 --> 00:27:33,280
Speaker 1: was good, but she wasn't the next Simone Biles of

512
00:27:33,320 --> 00:27:38,199
Speaker 1: her field. So what explained a frenzy?

513
00:27:38,840 --> 00:27:42,800
Speaker 3: Maybe that it's a dude, but maybe the male genitalia. Yeah,

514
00:27:42,800 --> 00:27:45,520
Speaker 3: for the females, the quote female swimmer was was a

515
00:27:45,560 --> 00:27:47,680
Speaker 3: little bit of a challenge for some folks.

516
00:27:47,960 --> 00:27:51,879
Speaker 1: Maybe because the woman had a penis and was also

517
00:27:52,000 --> 00:27:55,040
Speaker 1: a man who was dominating all women. But buck, I mean,

518
00:27:55,040 --> 00:27:59,159
Speaker 1: we can laugh about this, but what this represents is

519
00:27:59,200 --> 00:28:03,000
Speaker 1: the fundamental dishonesty of much of media right now. Right

520
00:28:03,359 --> 00:28:08,040
Speaker 1: even the most left wing Nation writer understands that the

521
00:28:08,080 --> 00:28:12,600
Speaker 1: reason why this person got so much attention was because

522
00:28:12,640 --> 00:28:17,119
Speaker 1: sportsman said, Hey, this is a dude pretending to be

523
00:28:17,160 --> 00:28:20,000
Speaker 1: a woman who is now winning women's championships.

524
00:28:20,359 --> 00:28:21,720
Speaker 2: So the tweet.

525
00:28:21,440 --> 00:28:26,600
Speaker 1: Itself, even for far left people, Buck is dishonest. And

526
00:28:26,640 --> 00:28:28,720
Speaker 1: that is the world in which we live in, where

527
00:28:28,720 --> 00:28:33,000
Speaker 1: you're not allowed to recognize and point out the fundamental dishonesty.

528
00:28:33,320 --> 00:28:38,000
Speaker 3: You see, just just a few days ago, the French

529
00:28:38,080 --> 00:28:44,480
Speaker 3: runner Halba Dieu was banned from the Olympics. Did you

530
00:28:44,520 --> 00:28:48,240
Speaker 3: see this a trans female? And I mean, if you look,

531
00:28:48,560 --> 00:28:51,560
Speaker 3: there's a photo up on Fox, I mean it looks

532
00:28:51,640 --> 00:28:54,040
Speaker 3: it looks like a guy with long hair. Yeahright, I

533
00:28:54,080 --> 00:28:55,960
Speaker 3: mean you look at the physique. This is a man.

534
00:28:56,080 --> 00:28:59,240
Speaker 3: This is a male runner with long hair, because that's

535
00:28:59,240 --> 00:29:01,560
Speaker 3: what it actually, that's what we're dealing with. But I

536
00:29:01,640 --> 00:29:04,040
Speaker 3: just thought this was fascinating. I'd never seen this before.

537
00:29:04,080 --> 00:29:07,120
Speaker 3: This is in the Reuter's headline about this trans issue.

538
00:29:07,640 --> 00:29:09,400
Speaker 3: It's very similar with the Nation.

539
00:29:09,400 --> 00:29:10,560
Speaker 2: Like you have.

540
00:29:11,000 --> 00:29:13,080
Speaker 3: Let me give the headline and then why they're doing

541
00:29:13,120 --> 00:29:20,960
Speaker 3: this right or the way they described d'yuf is a

542
00:29:21,000 --> 00:29:24,120
Speaker 3: person who has gone through male puberty. That was the

543
00:29:24,240 --> 00:29:28,400
Speaker 3: quote they described this sprinter as, do you a person

544
00:29:28,440 --> 00:29:32,560
Speaker 3: who has gone through male puberty? That is known as

545
00:29:32,600 --> 00:29:36,080
Speaker 3: a man, that is known as a man, a person

546
00:29:36,120 --> 00:29:40,840
Speaker 3: who has gone through male puberty is male. But the

547
00:29:40,960 --> 00:29:43,920
Speaker 3: reason they do this Reuters, the native that was Reuters

548
00:29:43,960 --> 00:29:45,840
Speaker 3: by the way, right, it's worse than the nation. There

549
00:29:45,840 --> 00:29:48,040
Speaker 3: are a bunch of commedies. You expect lunacy from them.

550
00:29:48,680 --> 00:29:53,040
Speaker 3: But this is it's very common in cults where you

551
00:29:53,120 --> 00:29:57,480
Speaker 3: see people that they have to debase themselves, they have

552
00:29:57,560 --> 00:30:00,800
Speaker 3: to say things that they know to be untrue, and

553
00:30:00,840 --> 00:30:03,000
Speaker 3: then that becomes part of your fealty to the group.

554
00:30:03,080 --> 00:30:03,240
Speaker 2: Right.

555
00:30:03,320 --> 00:30:05,560
Speaker 3: Part of the way you show your faith to the

556
00:30:05,640 --> 00:30:10,960
Speaker 3: transcult here is to come up with new ways to

557
00:30:11,160 --> 00:30:15,320
Speaker 3: express this belief, which is that you know, a man

558
00:30:15,360 --> 00:30:17,840
Speaker 3: can become a woman. Right, new ways to describe this.

559
00:30:17,960 --> 00:30:19,560
Speaker 3: It's like they're showing off for each other.

560
00:30:19,880 --> 00:30:22,640
Speaker 1: Yeah, Buck, and I would even say there's a scarier

561
00:30:22,760 --> 00:30:25,760
Speaker 1: element to what Reuters is trying to do there as well.

562
00:30:26,640 --> 00:30:29,960
Speaker 1: Is this would then allow like if you take from

563
00:30:30,000 --> 00:30:34,120
Speaker 1: the argument perspective, they can say, well, this is why

564
00:30:35,000 --> 00:30:38,000
Speaker 1: young kids need to be able to get so called

565
00:30:38,480 --> 00:30:42,840
Speaker 1: gender affirming care, because once they go through puberty, then

566
00:30:42,880 --> 00:30:47,200
Speaker 1: they won't be able to compete in athletics because they're

567
00:30:47,200 --> 00:30:52,280
Speaker 1: being defined. That's the problem with defining puberty as masculinity, like,

568
00:30:53,000 --> 00:30:56,280
Speaker 1: because then you say, well, at eleven, you need to

569
00:30:56,280 --> 00:30:58,560
Speaker 1: be able to treat this boy as if he's a

570
00:30:58,600 --> 00:31:01,200
Speaker 1: girl or vice versus, so they can have a quote

571
00:31:01,280 --> 00:31:04,600
Speaker 1: unquote normal wife. That's what they're trying to seed here

572
00:31:04,640 --> 00:31:06,080
Speaker 1: with the Reuter's headline.

573
00:31:06,800 --> 00:31:10,760
Speaker 2: There's been in history. We can go history nerds here

574
00:31:10,760 --> 00:31:11,360
Speaker 2: for a second.

575
00:31:11,480 --> 00:31:16,640
Speaker 3: There have been different casts, different groups where there have

576
00:31:16,800 --> 00:31:19,160
Speaker 3: been extreme gender.

577
00:31:18,920 --> 00:31:24,560
Speaker 2: Really mutilation for some purpose. Right, there were eunuchs.

578
00:31:25,120 --> 00:31:27,320
Speaker 3: Why did you have eunuchs guarding the harem of the

579
00:31:27,400 --> 00:31:31,240
Speaker 3: Saltan for example, or guarding We all understand why because

580
00:31:31,240 --> 00:31:33,120
Speaker 3: you're not worried about the guy who doesn't really have

581
00:31:33,200 --> 00:31:37,680
Speaker 3: functional male parts anymore, wanting to try to have, you know,

582
00:31:37,800 --> 00:31:40,760
Speaker 3: relations with the women of the harem or with the

583
00:31:41,120 --> 00:31:42,280
Speaker 3: royal family.

584
00:31:41,920 --> 00:31:42,440
Speaker 2: Et cetera.

585
00:31:43,000 --> 00:31:46,800
Speaker 3: There's the castrati, which you know about this, right, men,

586
00:31:46,920 --> 00:31:49,440
Speaker 3: This was done in parts of Europe, men who would

587
00:31:49,480 --> 00:31:53,200
Speaker 3: have their male at a young age, their male area removed,

588
00:31:53,360 --> 00:31:57,560
Speaker 3: so they could sing high notes even into adulthood. That's

589
00:31:57,600 --> 00:32:00,640
Speaker 3: a real thing that happened. We look back these things

590
00:32:00,680 --> 00:32:04,040
Speaker 3: now with revulsion, you know, we think and the point

591
00:32:04,080 --> 00:32:06,840
Speaker 3: of it was well, okay, granted you wouldn't be able

592
00:32:06,840 --> 00:32:09,200
Speaker 3: to have children, but you would be a singer in

593
00:32:09,280 --> 00:32:11,800
Speaker 3: the court of you know, Archduke so and so, and

594
00:32:12,040 --> 00:32:15,160
Speaker 3: you would you know, be a celebrated artist or whatever.

595
00:32:15,480 --> 00:32:18,880
Speaker 3: And everyone looks back at that and says, that's that's terrible.

596
00:32:18,920 --> 00:32:20,000
Speaker 2: You can't do that to people.

597
00:32:20,400 --> 00:32:22,680
Speaker 3: Now they want, you know, ten year olds to cut

598
00:32:22,680 --> 00:32:25,160
Speaker 3: their breasts off, and we're supposed to think that that's fine.

599
00:32:25,680 --> 00:32:27,440
Speaker 1: And not only that, Buck, I mean, some of the

600
00:32:27,480 --> 00:32:29,480
Speaker 1: same people who were and I would love to hear

601
00:32:29,520 --> 00:32:32,320
Speaker 1: them try to rationalize this. Some of the same people

602
00:32:32,320 --> 00:32:36,560
Speaker 1: who are saying gender affirming care is necessary a decade

603
00:32:36,680 --> 00:32:39,720
Speaker 1: or twenty years ago, were the people who were protesting

604
00:32:39,760 --> 00:32:44,920
Speaker 1: against genital mutilation so called female circumcision. Oh yeah in Africa, right,

605
00:32:45,040 --> 00:32:47,320
Speaker 1: So the idea that you would get part of your

606
00:32:47,360 --> 00:32:50,720
Speaker 1: sex organs removed as a child when you could not

607
00:32:50,960 --> 00:32:54,600
Speaker 1: consent to it in Africa was a human rights violation.

608
00:32:55,080 --> 00:32:57,640
Speaker 1: Now the same people are arguing you should be able

609
00:32:57,720 --> 00:33:00,800
Speaker 1: to take your genitals off or it's not fair treatment.

610
00:33:00,840 --> 00:33:04,240
Speaker 1: Like they literally have taken both sides of the equation here,

611
00:33:04,760 --> 00:33:07,440
Speaker 1: and they can't in any way square that and so

612
00:33:07,480 --> 00:33:08,920
Speaker 1: they just pretend they never said.

613
00:33:08,680 --> 00:33:12,400
Speaker 3: It, didn't didn't Tucker once refer to Brian Stelter as

614
00:33:12,480 --> 00:33:14,080
Speaker 3: CNN's resident eunuch.

615
00:33:14,240 --> 00:33:16,800
Speaker 2: Yes, yes, I remember.

616
00:33:17,080 --> 00:33:20,479
Speaker 3: Sometimes Tucker said things that actually made me l O

617
00:33:20,680 --> 00:33:21,720
Speaker 3: L and that was one of them.

618
00:33:21,800 --> 00:33:25,360
Speaker 1: Yes, yeah, did you see I don't know that we

619
00:33:25,400 --> 00:33:29,160
Speaker 1: talked about this, the reaction from inside of CNN to

620
00:33:29,240 --> 00:33:32,200
Speaker 1: the Trump town hall. Uh, who is an Olivier? Who

621
00:33:32,320 --> 00:33:36,760
Speaker 1: is the guy Darcy? What's the guy's name Oliver? Or

622
00:33:37,440 --> 00:33:39,880
Speaker 1: oh my god, I didn't know that well, they said,

623
00:33:40,320 --> 00:33:42,520
Speaker 1: they said, after he got called out by the new

624
00:33:42,560 --> 00:33:45,280
Speaker 1: head of CNN. I always loved this phrase. He was

625
00:33:45,440 --> 00:33:49,280
Speaker 1: visibly shaken. Have you ever been visibly shaken by meeting?

626
00:33:49,800 --> 00:33:52,719
Speaker 1: I mean, like I understand if you're vis visibly shaken

627
00:33:52,720 --> 00:33:55,040
Speaker 1: if someone tries to kill you, Like if you just

628
00:33:55,120 --> 00:33:56,920
Speaker 1: kicked the door in Ramaala.

629
00:33:58,560 --> 00:34:01,840
Speaker 3: When you step off the curve and you just end

630
00:34:01,920 --> 00:34:04,240
Speaker 3: up managing to get missed by a milk truck going

631
00:34:04,320 --> 00:34:06,880
Speaker 3: eighty miles an hour and you feel the breeze across

632
00:34:06,920 --> 00:34:07,960
Speaker 3: your face and your life.

633
00:34:08,239 --> 00:34:10,600
Speaker 2: Then you're allowed to be visibly shaken for a minute,

634
00:34:10,600 --> 00:34:12,160
Speaker 2: you know what I mean? Not because you didn't like

635
00:34:12,200 --> 00:34:13,239
Speaker 2: the CNN town hall.

636
00:34:13,560 --> 00:34:16,080
Speaker 1: Yeah, so the CNN town hall, they called in this

637
00:34:16,200 --> 00:34:18,879
Speaker 1: Darcy guy and they said, I think the reports are

638
00:34:19,239 --> 00:34:22,120
Speaker 1: that the new head of CNN like ripped him over

639
00:34:22,239 --> 00:34:24,759
Speaker 1: his what he had written about the CNN town hall,

640
00:34:25,120 --> 00:34:28,000
Speaker 1: and all the reports said when Darcy left the meeting,

641
00:34:28,000 --> 00:34:30,920
Speaker 1: he was visibly shaken. You're visibly shaken because your boss

642
00:34:30,960 --> 00:34:33,240
Speaker 1: tells you he didn't like what you did, Like, maybe

643
00:34:33,320 --> 00:34:35,239
Speaker 1: maybe man up a little bit. I'm just gonna toss

644
00:34:35,280 --> 00:34:38,760
Speaker 1: that out there. You're an employee. Quit if you're truly upset.

645
00:34:39,160 --> 00:34:42,200
Speaker 1: But to be visibly shaken after a meeting after someone

646
00:34:42,320 --> 00:34:45,359
Speaker 1: said something to you, this is everything that's wrong with

647
00:34:45,680 --> 00:34:47,200
Speaker 1: the policing awards in general.

648
00:34:47,360 --> 00:34:49,560
Speaker 3: I want to take a little trip down wokeness lane

649
00:34:49,600 --> 00:34:51,880
Speaker 3: for a second, because you know, we're clay, the two

650
00:34:51,920 --> 00:34:52,120
Speaker 3: of us.

651
00:34:52,160 --> 00:34:55,400
Speaker 2: We're in our own ways. We have like master's.

652
00:34:54,880 --> 00:34:58,520
Speaker 3: Degrees in woke history and wokeology just from covering it

653
00:34:58,560 --> 00:35:01,560
Speaker 3: now for so many years earlier on in the era

654
00:35:01,680 --> 00:35:04,600
Speaker 3: of Twitter and Facebook, you know, maybe of almost a

655
00:35:04,640 --> 00:35:07,399
Speaker 3: decade ago, remember when they were so upset they would

656
00:35:07,400 --> 00:35:13,360
Speaker 3: do the literally shaking r N for I'm literally shaking

657
00:35:13,480 --> 00:35:15,759
Speaker 3: right now, like Brian stuff it would be like I'm

658
00:35:16,040 --> 00:35:19,680
Speaker 3: literally shaking right now from you know, the results of

659
00:35:19,719 --> 00:35:22,680
Speaker 3: like a gubernatorial election somewhere. You know, that was the

660
00:35:22,680 --> 00:35:25,200
Speaker 3: way they used to That was pre Ukraine flags and

661
00:35:25,280 --> 00:35:26,239
Speaker 3: preferred pronouns.

662
00:35:26,560 --> 00:35:30,960
Speaker 1: I think peak Stelter as a eunuch to use Tucker's

663
00:35:30,960 --> 00:35:33,319
Speaker 1: phrase definitely had to be when he put out of

664
00:35:33,320 --> 00:35:35,480
Speaker 1: the thread about how like he just got in his

665
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Speaker 1: bed and curled up and cried because he was starting

666
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Speaker 1: remember that thread.

667
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Speaker 2: Yep, Oh, of course, yep.

668
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Speaker 1: I mean, look, you could be upset about things, but

669
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Speaker 1: if you're like I'm just so terrified about the way

670
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Speaker 1: the world is going, I just had to curl up

671
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672
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Speaker 1: Good lord, man, get control of your masculine parts. Step

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699
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Speaker 2: to the program live.

700
00:37:26,280 --> 00:37:28,279
Speaker 1: Catch up on any part of the show you might

701
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Speaker 1: have missed, Find every podcast as they're released and listen.

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Speaker 1: Fine the Clay and Buck app in your app store

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Speaker 1: and make it.

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Speaker 2: Part of your day.

705
00:37:43,840 --> 00:37:48,520
Speaker 3: As promised, we're now joined by Mason speeds Sexton, my dad,

706
00:37:48,719 --> 00:37:52,600
Speaker 3: who was the founder of New Paradigm Research. Last time

707
00:37:52,600 --> 00:37:54,640
Speaker 3: he was on the show was for Father's Day, but

708
00:37:54,719 --> 00:37:56,880
Speaker 3: today it's for a very different reason. We're going to

709
00:37:56,960 --> 00:38:00,920
Speaker 3: dive into his expertise. Dad spent over fifty years on

710
00:38:01,000 --> 00:38:04,080
Speaker 3: Wall Street, worked for Morgan Stanley and Salomon Brothers, ran

711
00:38:04,120 --> 00:38:07,720
Speaker 3: his own firm for decades. In eighty seven, he actually

712
00:38:07,760 --> 00:38:11,080
Speaker 3: got a ton of press for calling the Black Monday

713
00:38:11,160 --> 00:38:15,400
Speaker 3: stock market crash on TV. He's also called a lot

714
00:38:15,400 --> 00:38:17,880
Speaker 3: of other important moments in the market. Today, we've invited

715
00:38:17,920 --> 00:38:21,640
Speaker 3: him on because he's going public with his first major

716
00:38:21,760 --> 00:38:26,840
Speaker 3: prediction about the market and the economy in years. But first, Dad, welcome.

717
00:38:26,960 --> 00:38:30,160
Speaker 3: Great to have you on the program, and tell everybody

718
00:38:30,200 --> 00:38:32,160
Speaker 3: out there who's listening, like, what do they need to know.

719
00:38:32,560 --> 00:38:36,080
Speaker 3: We've got a banking crisis, We've got a commercial real

720
00:38:36,239 --> 00:38:40,040
Speaker 3: estate crisis, possibly in the near future.

721
00:38:40,400 --> 00:38:41,600
Speaker 2: What's happening right now?

722
00:38:43,040 --> 00:38:44,920
Speaker 6: Well, but first of all, it's a great honor to

723
00:38:44,960 --> 00:38:47,560
Speaker 6: be on your show and with you and Clay, and

724
00:38:49,160 --> 00:38:52,319
Speaker 6: this has been a long time coming. But with the

725
00:38:52,360 --> 00:38:57,520
Speaker 6: response to your question, this recent banking crisis, which started

726
00:38:57,520 --> 00:39:01,480
Speaker 6: out in March, as everybody probably remembers, with the demise

727
00:39:01,640 --> 00:39:04,799
Speaker 6: of Silicon Valley Bank, and then it's been followed up

728
00:39:04,840 --> 00:39:08,920
Speaker 6: by several other major regional bank failures. This is just

729
00:39:09,000 --> 00:39:11,799
Speaker 6: the tip of the iceberg. In my opinion, I think

730
00:39:11,840 --> 00:39:17,360
Speaker 6: we're headed for a really difficult time, not only in banking,

731
00:39:17,440 --> 00:39:21,920
Speaker 6: but the economy and the stock market. And I think

732
00:39:21,960 --> 00:39:27,120
Speaker 6: it's very important that your listeners do everything they can

733
00:39:27,160 --> 00:39:32,240
Speaker 6: to protect their assets and take as a defensive position

734
00:39:32,280 --> 00:39:36,520
Speaker 6: as possible, at least over the next twelve to eighteen months.

735
00:39:37,719 --> 00:39:39,920
Speaker 1: Mister Sexton, I appreciate you coming on with us. I've

736
00:39:39,960 --> 00:39:41,920
Speaker 1: been talking on the show and I'm curious. You're a

737
00:39:41,960 --> 00:39:45,239
Speaker 1: long time New York City resident about the dangers of

738
00:39:45,239 --> 00:39:48,400
Speaker 1: commercial real estate and Buck just kind of tiptoed up

739
00:39:48,440 --> 00:39:51,680
Speaker 1: to it there in his opening question for you. How

740
00:39:51,719 --> 00:39:54,719
Speaker 1: bad do you think this commercial real estate universe is

741
00:39:54,760 --> 00:39:57,880
Speaker 1: going to get? With two things conspiring. One, not as

742
00:39:57,920 --> 00:40:00,480
Speaker 1: many people are now going into the office, and two

743
00:40:01,160 --> 00:40:06,320
Speaker 1: due to the massive rise in interest rates, so many

744
00:40:06,440 --> 00:40:08,840
Speaker 1: of these commercial real estate deals are going to have

745
00:40:08,880 --> 00:40:11,759
Speaker 1: to be renegotiated. And on paper they might have made

746
00:40:11,800 --> 00:40:15,200
Speaker 1: sense at two and three percent, at six and seven percent,

747
00:40:15,280 --> 00:40:15,840
Speaker 1: they don't.

748
00:40:16,160 --> 00:40:17,640
Speaker 2: How much of a mess is this going to be?

749
00:40:19,200 --> 00:40:21,600
Speaker 6: Well, that's an excellent question, Clay, And of course it

750
00:40:21,680 --> 00:40:27,000
Speaker 6: ties directly into the banking crisis, because about seventy percent

751
00:40:27,680 --> 00:40:30,919
Speaker 6: of loans to small business in this country are made

752
00:40:30,960 --> 00:40:35,880
Speaker 6: by regional banks, and their portfolios contain about twenty to

753
00:40:35,920 --> 00:40:40,080
Speaker 6: twenty five percent of these commercial real estate loans we're

754
00:40:40,080 --> 00:40:44,279
Speaker 6: talking about. So as you've heard probably recently a number

755
00:40:44,280 --> 00:40:48,120
Speaker 6: of these major office buildings on the West coast, particularly

756
00:40:48,160 --> 00:40:52,759
Speaker 6: one in San Francisco that in twenty and eighteen was

757
00:40:52,960 --> 00:40:56,239
Speaker 6: valued at three hundred million dollars, they're not even sure

758
00:40:56,239 --> 00:40:58,680
Speaker 6: they can get a bit for sixty million dollars. This

759
00:40:58,719 --> 00:41:03,319
Speaker 6: is right in the downtown business section of San Francisco.

760
00:41:03,680 --> 00:41:08,160
Speaker 6: So these impairments are just adding to the overall problem

761
00:41:08,560 --> 00:41:10,320
Speaker 6: in the banking sector. And one of the reasons that

762
00:41:10,360 --> 00:41:14,120
Speaker 6: I'm so negative on the banks and then ultimately on

763
00:41:14,640 --> 00:41:17,200
Speaker 6: the economy. What's going to happen is that by the

764
00:41:17,760 --> 00:41:20,480
Speaker 6: third or fourth quarter of this year, in my opinion,

765
00:41:20,960 --> 00:41:23,520
Speaker 6: you're going to see a really bad recession take hold,

766
00:41:24,440 --> 00:41:26,640
Speaker 6: partly as a result of the fact that the regional

767
00:41:26,680 --> 00:41:30,480
Speaker 6: banks are pulled back dramatically on lending too small business

768
00:41:30,560 --> 00:41:34,000
Speaker 6: in this country. And as I said, small business activity

769
00:41:34,080 --> 00:41:38,359
Speaker 6: is about seventy percent of the economy, and then this

770
00:41:38,480 --> 00:41:45,560
Speaker 6: commercial loan issue is going to be persistent, and it's

771
00:41:45,560 --> 00:41:48,520
Speaker 6: a function of the what I call the New paradigm,

772
00:41:48,640 --> 00:41:52,560
Speaker 6: which is that people don't really want to go into

773
00:41:52,600 --> 00:41:55,799
Speaker 6: an office that they don't absolutely have to. They save

774
00:41:55,840 --> 00:41:58,080
Speaker 6: a lot of time, they spend more time with their family,

775
00:41:58,320 --> 00:42:03,320
Speaker 6: and they're more productive work remotely. So these are major

776
00:42:03,680 --> 00:42:08,200
Speaker 6: long term transformations that are impacting the economy and the

777
00:42:08,239 --> 00:42:12,279
Speaker 6: banking sector at the same time, and I think they

778
00:42:12,320 --> 00:42:15,520
Speaker 6: point to much lower prices in the stock market.

779
00:42:15,680 --> 00:42:19,040
Speaker 3: We're speaking of Mason Sexton, my dad, a fifty year

780
00:42:19,120 --> 00:42:23,640
Speaker 3: veteran of Wall Street, founder of New Paradigm Research and dad.

781
00:42:23,640 --> 00:42:26,120
Speaker 3: To that end, I know if people go to Disruption

782
00:42:26,640 --> 00:42:29,359
Speaker 3: twenty twenty three dot com, you're gonna be partnering with

783
00:42:29,400 --> 00:42:30,960
Speaker 3: this show. In the weeks I had to tell people

784
00:42:31,040 --> 00:42:33,800
Speaker 3: more about this, But what is it You're going to

785
00:42:33,840 --> 00:42:36,839
Speaker 3: be doing at new paradigm and what will they see

786
00:42:36,840 --> 00:42:41,319
Speaker 3: if they sign up at Disruption twenty twenty three dot com.

787
00:42:41,120 --> 00:42:46,879
Speaker 6: Right, so they'll get buck basically our research for free

788
00:42:46,920 --> 00:42:52,520
Speaker 6: here initially and get a good idea of what we're producing.

789
00:42:53,360 --> 00:42:59,080
Speaker 6: It's primarily focused on for ETFs, the spider, which is

790
00:42:59,120 --> 00:43:02,920
Speaker 6: the SMP of and represents the bulk of the stock market,

791
00:43:03,480 --> 00:43:07,480
Speaker 6: the TLT which is the bond ETF of the long

792
00:43:07,560 --> 00:43:13,759
Speaker 6: term Treasury bond government bond, then the gold the GLD ETF,

793
00:43:14,360 --> 00:43:18,000
Speaker 6: and then finally the XL which represents the energy market.

794
00:43:18,480 --> 00:43:22,400
Speaker 3: Look, Dad thinks that there's a huge correction coming and

795
00:43:22,440 --> 00:43:24,880
Speaker 3: he thinks of people listening to this now could be

796
00:43:24,920 --> 00:43:26,960
Speaker 3: on the wrong side and get hurt. But he wants

797
00:43:27,000 --> 00:43:29,520
Speaker 3: to help out and he wants to just give you

798
00:43:30,080 --> 00:43:32,600
Speaker 3: insights that you need. So sign up. All you can

799
00:43:32,640 --> 00:43:35,520
Speaker 3: do is give your email at Disruption twenty twenty three

800
00:43:35,600 --> 00:43:38,400
Speaker 3: dot com and your email address there that's Disruption twenty

801
00:43:38,440 --> 00:43:42,400
Speaker 3: twenty three dot com. There'll be a full video presentation

802
00:43:42,520 --> 00:43:45,520
Speaker 3: coming out everything about the big predictions he's making for

803
00:43:45,600 --> 00:43:48,319
Speaker 3: this year. Dad, thank you, we'll talk to you more

804
00:43:48,360 --> 00:43:50,520
Speaker 3: about the economies. This goes along and thanks for partnering

805
00:43:50,520 --> 00:43:51,239
Speaker 3: with the show on this.

806
00:43:52,160 --> 00:43:54,160
Speaker 6: No, it's a pleasure book. Thank you for having me.

807
00:43:55,160 --> 00:43:56,680
Speaker 2: Well, you know, I was just talking to my dad.

808
00:43:56,719 --> 00:43:59,320
Speaker 3: So this is actually perfect time you talk about Legacy

809
00:43:59,320 --> 00:44:01,840
Speaker 3: Box everybody Addy, because you know, talking about dad today

810
00:44:02,280 --> 00:44:04,319
Speaker 3: and we could just do a whole show talking about

811
00:44:04,360 --> 00:44:09,600
Speaker 3: family memories. Many recorded on video or old school photos, right,

812
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Speaker 3: not an iPhone. So how do you share those things

813
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Speaker 3: going forward? Well, the number one way is to use

814
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Speaker 3: Legacy Box, because Legacy Box will transfer your videotape, super

815
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Speaker 3: eight films, audio cassettes, print photos, you name it. For

816
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Speaker 3: millions of families, being able to relive those moments from

817
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Speaker 3: the eighties or nineties and see them with the help

818
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Speaker 3: of Legacy Box is a big deal. Legacy Box, which

819
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Speaker 3: is based in Chattanooga, Tennessee, makes this whole process simple

820
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Speaker 3: and safe. You ship them your tapes and film in

821
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Speaker 3: a specially made box that they send you, and then

822
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Speaker 3: at a few weeks time, you'll get a digital file

823
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Speaker 3: along with all the originals. Then you can sit back

824
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Speaker 3: and watch hours and hours of memories and easily share

825
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Speaker 3: them with others. It's a great service. My families used it.

826
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Speaker 3: Clay's family has used it, and now yours can too,

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Speaker 3: and right now for a limited time to get started

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Speaker 3: future proofing your past, take advantage of this great disco

829
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Speaker 3: on to just go to legacybox dot com slash buck

830
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Speaker 3: old photos and videos with Dad, with Grandpa, with whomever

831
00:45:06,760 --> 00:45:09,120
Speaker 3: in the family, protect them and be able to share

832
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Speaker 3: them for future generations with legacy Box. Go to legacybox

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Speaker 3: dot com slash b U c.

834
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Speaker 2: K Sunday Hang with Clay and Buck.

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Speaker 1: A new podcast to find it on the iHeart app

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Speaker 1: or wherever you get your podcasts.