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Speaker 1: So for this episode, we're going to focus on the economy.

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Speaker 1: I met this guy EJ. And Tony, who's the research

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Speaker 1: fellow Regional Economics and Center for Data Analysis at the

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Speaker 1: Heritage Foundation at their gala dinner in DC a couple

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Speaker 1: of weeks ago.

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Speaker 2: Is a great event.

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Speaker 1: I really love Heritage and the work that they're doing

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Speaker 1: and doctor Kevin Roberts, who's the president of it.

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Speaker 2: They just do really great work.

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Speaker 1: And we were having a conversation it'd be so interesting,

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Speaker 1: and I was like, you got to come on the show,

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Speaker 1: and we need to talk about a lot of these

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Speaker 1: big issues that we were discussing. There are a lot

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Speaker 1: of issues right even in you know, coming up with

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Speaker 1: questions and doing some research for this, it's like, oh man,

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Speaker 1: so there's a lot of discuss right. I mean, let's

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Speaker 1: be honest. The economy sucks. We're all feeling it. Everyone's

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Speaker 1: taken a hit, besides maybe Joe Biden his you know,

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Speaker 1: powerful friends and you know big businesses and big banks,

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Speaker 1: but the little guys are suffering. The centralization that's happening,

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Speaker 1: whether it's you know, big government, big tech, big banks,

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Speaker 1: big business is pretty scary. You got a lot of

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Speaker 1: people at the helm of all things powerful who hate us?

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Speaker 1: So what does that mean for the country and how

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Speaker 1: hard of hit are Americans? Right now, we're going to

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Speaker 1: get into all the big economic issues facing our country,

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Speaker 1: how the Fed's handling interest rates, what it means for you,

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Speaker 1: what it means for the country. Also get into why

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Speaker 1: Joe Biden is punishing responsible homeowners.

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Speaker 2: He's imposing higher.

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Speaker 1: Mortgage fees on and borrowers with good credit and reducing

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Speaker 1: fees for those with bad credit. But that makes sense

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Speaker 1: to Joe Biden because he hates hard working Americans. He

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Speaker 1: hates Americans who are just trying to do the right thing,

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Speaker 1: and that pretty much sums up his time in office.

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Speaker 1: So we're going to get into all of this with

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Speaker 1: EJ and Tony with the Heritage Foundation. Stay tuned, you know,

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Speaker 1: EJ was going through what to talk about today. It's

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Speaker 1: pretty depressing when you look at all the issues that

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Speaker 1: we face, all the economic issues. It's really like, you know,

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Speaker 1: where do you begin? What are the big issues from

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Speaker 1: your perspective?

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Speaker 3: Well, I'd say two things right off the bat. Number

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Speaker 3: one is that the average American is just substantially poorer

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Speaker 3: today than they were two years ago. Full stop. There

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Speaker 3: is no way around that. You can play with the

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Speaker 3: numbers all you want, but at the end of the day,

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Speaker 3: most families still are worse off. Right They can't buy

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Speaker 3: as much gasoline as they could before, they're putting groceries

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Speaker 3: on credit cards. Many people are at risk of losing

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Speaker 3: their homes as interest rates continue to rise, and we're

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Speaker 3: starting to see the layoffs kick in and the job

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Speaker 3: growth slow. So on the individual level, people are worse off.

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Speaker 3: But then when we start looking at the macro level,

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Speaker 3: in other words, when we start looking at system wide problems,

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Speaker 3: now things get even scarier, because now we're into situations

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Speaker 3: where we're coming to realize that the entire banking system

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Speaker 3: quite frankly, has been built on sand for the last

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Speaker 3: several years.

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Speaker 1: Two questions from that, well, the first, is there a

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Speaker 1: number to put behind when we talk about, you know,

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Speaker 1: worse off and the financial aspect of this.

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Speaker 3: Certainly, you know, the average American family right now effectively

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Speaker 3: is seventy one hundred dollars poorer than when Biden took office.

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Speaker 3: And that comes from two chief sources. Number One, it's

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Speaker 3: just simply the fact that although wages have risen quite dramatically. Actually,

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Speaker 3: you know, when Biden says that part of the story,

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Speaker 3: he's telling the truth. Wages have gone up very fast,

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Speaker 3: but prices have gone up even faster. The dollars lost

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Speaker 3: fifteen percent of its value since his inauguration. And so

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Speaker 3: because prices have gone up so much, so much faster

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Speaker 3: than wages, people have lost what we call purchasing power.

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Speaker 3: So the average American families a weekly paycheck right has

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Speaker 3: gained about two hundred dollars in just the last two years,

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Speaker 3: but it buys one hundred dollars less stuff. So now,

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Speaker 3: on top of that, if you start looking at interest rates,

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Speaker 3: which have risen pretty dramatically to try to combat inflation,

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Speaker 3: that is causing borrowing costs for families to go up

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Speaker 3: equally dramatically. And so everything from mortgages to auto loans,

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Speaker 3: from credit cards to student loans and everything in between,

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Speaker 3: any kind of debt is getting more expensive, and that

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Speaker 3: represents another direct cost on families. So you throw all

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Speaker 3: that together and it's over seventy one hundred dollars. I mean,

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Speaker 3: that's just devastating. Look at the median household in this country.

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Speaker 3: That's more than a month's paycheck.

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Speaker 1: You know, I can't imagine what families are going through.

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Speaker 1: I mean, I do pretty well for myself, not as

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Speaker 1: much as what the internet says. I wish, it's not

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Speaker 1: even a fraction of what the internet says I make.

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Speaker 2: But nonetheless I do well for myself. You know, I

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Speaker 2: live alone.

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Speaker 1: I can't imagine and I even notice it in terms

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Speaker 1: of just everything. You know, you go to the grocery store,

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Speaker 1: everything is just so much more expensive. So my heart

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Speaker 1: breaks for families right now who have more people to

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Speaker 1: take care of than just me as an individual. How

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Speaker 1: much of that you just went sort of collectively through

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Speaker 1: a lot of issues and a lot of financial pains

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Speaker 1: that people are facing. How much of that is driven

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Speaker 1: by the BIDA main ininstration.

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Speaker 3: Well almost entirely. So if you look at inflation, for example,

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Speaker 3: why do we get inflation because the government spends, borrows

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Speaker 3: and prints too much money? That has been the mantra

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Speaker 3: of this administration. In a nutshell, it has been trillions

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Speaker 3: of dollars after trillions of dollars that they have just

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Speaker 3: thrown at all of the nation's problems, real or perceived,

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Speaker 3: or just entirely fabricated. In some cases quite frankly, and

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Speaker 3: as a result of that, the dollar has lost value,

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Speaker 3: and as it does, it robs people of their purchasing

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Speaker 3: power and transfers it to the government. And you know,

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Speaker 3: that's one of the things that I hope listeners can

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Speaker 3: really take away from this. Inflation is a tax. Now

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Speaker 3: it's a hidden tax because Congress didn't vote on it,

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Speaker 3: the President didn't sign it like a normal explicit tax.

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Speaker 3: But inflation is still very much at tax because if

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Speaker 3: you want to know what is the definition of a tax,

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Speaker 3: it's hard to come up with a better definition than

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Speaker 3: something which transfers money from you to the government. And

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Speaker 3: that's precisely what inflation has done and always has done.

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Speaker 1: One thing that concerns me is just the centralization we're seeing.

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Speaker 1: I mean, it seems like now we've got big government,

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Speaker 1: big tech, big banks, big business. All the big keeps

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Speaker 1: getting bigger. The smaller, the decentralized or getting crushed, have

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Speaker 1: gotten crushed. We're left with a bunch of people who

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Speaker 1: hate conservatives at the helm of all things powerful in

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Speaker 1: the country.

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Speaker 3: Jamie Diamond might be an exception to that, although I

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Speaker 3: still wouldn't call him a true blue conservative in a

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Speaker 3: lot of ways. Although he has been a pretty good

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Speaker 3: fighter against things like ESG. But nonetheless, ever since Dodd Frank,

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Speaker 3: which was supposed to protect small banks and keep the

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Speaker 3: big banks in check, we have seen the number of

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Speaker 3: banks in this country decline. We have seen the small

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Speaker 3: banks go under and the big banks become more powerful.

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Speaker 3: And Dodd Frank was just the latest in a long

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Speaker 3: line of regulation that did the exact opposite of what

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Speaker 3: it was sold as to the American people. And now

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Speaker 3: this again. I mean, whether or not it's the straw

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Speaker 3: that breaks the camel's back, we'll have to just wait

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Speaker 3: and see. But it is just another example of a

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Speaker 3: big bank gobbling up a small bank, all in the

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Speaker 3: name of doing something good for the American people, in

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Speaker 3: this case stabilizing the banking system. However, the bailout of

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Speaker 3: SVB was supposed to have the same effect, and yet

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Speaker 3: here we are, several weeks later, dealing with another crisis.

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Speaker 1: You're much kinder about, Jamie Diamond. I don't trust them,

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Speaker 1: But it seems like this is all with intention, right.

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Speaker 1: I mean, it's hard to fail this badly without it

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Speaker 1: being intentional, And it seems like what the intention is

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Speaker 1: is for us all to be impoverished and reliant upon

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Speaker 1: the government, and only a handful of people in the

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Speaker 1: country and in the world are the ones with the

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Speaker 1: money and the power.

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Speaker 3: Well, you know, it's really scary when you start looking

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Speaker 3: at how that is becoming reality. Precisely what you just said.

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Speaker 3: How many people can't afford to own home today and

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Speaker 3: probably never will be able to own a home, and

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Speaker 3: they are stuck in this perpetual cycle of rent. And

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Speaker 3: then you start looking at all of the retirees today

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Speaker 3: who have lost so much in their four oh one case,

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Speaker 3: so much in their pensions, people who will likely have

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Speaker 3: to come out of retirement and start working again. Wealth

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Speaker 3: has just been evaporating before our eyes. And again you

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Speaker 3: have to ask the question, where is all that value going.

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Speaker 3: It's going to the government, It's going to a handful

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Speaker 3: of wealthy elites who, as you said, are going to

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Speaker 3: wind up controlling everything, or at least a controlling stake

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Speaker 3: in everything.

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Speaker 1: And then what's really sad is you have so many

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Speaker 1: Americans who have worked really hard, have tried to invest well,

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Speaker 1: but they're being punished. I mean, you've got the Biden

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Speaker 1: administration punishing responsible home buyers right now. Why is he

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Speaker 1: punishing responsible home buyers.

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Speaker 2: What are your thoughts on all that.

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Speaker 3: Well, I think it's just the latest in a long

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Speaker 3: line of examples of how this administration has waged a

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Speaker 3: war on merit quite frankly, and how Biden and his

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Speaker 3: cronies in government and also in big businessiness are striking

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Speaker 3: out against those American ideals that you can lift yourself

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Speaker 3: up by your own bootstrap, that you are not bound

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Speaker 3: by the class you were born into. You know, your

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Speaker 3: immutable characteristics did not determine your destiny in this country.

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Speaker 3: But if you start listening to the rhetoric of this administration,

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Speaker 3: it's precisely the opposite of those American values, where if

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Speaker 3: you are a person of color, let's say, you necessarily

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Speaker 3: have to have a hand up or a handout from

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Speaker 3: the government otherwise you just can't make it. It is

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Speaker 3: the soft racism of low expectations.

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Speaker 2: Well, and you know it's also punishing.

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Speaker 1: You know, you look at the student loan highest that

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Speaker 1: he was trying to do, which is unconstitutional. I mean,

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Speaker 1: you've got people footing the bill for you know, folks

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Speaker 1: who made some poor decisions in their college decisions. Right,

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Speaker 1: So it's like you've got hardworking people getting host when

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Speaker 1: it's not their responsibility.

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Speaker 3: Right, you know, in the student loan case, those who

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Speaker 3: were responsible who either didn't take out loans or who

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Speaker 3: took out loans but paid them off. For maybe those

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Speaker 3: who never even went to college but learn to trade

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Speaker 3: and have been working since they were eighteen. All of

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Speaker 3: those people are punished. And the people who are getting

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Speaker 3: the hand out here, who are getting that wealth transfer

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Speaker 3: are those who recklessly borrowed too much and now can't

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Speaker 3: pay it back. I mean and inflation. Going back to that,

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Speaker 3: that's another great example. People who save their money, they're

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Speaker 3: watching their savings lose value, and yet people who are

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Speaker 3: massively in debt are seeing the real value of that

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Speaker 3: debt decline. And so this administration again, it is like

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Speaker 3: they have a war on merit. It's like they want

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Speaker 3: to punish success and reward failure.

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Speaker 1: You mentioned people having to come out of retirement. You know, financially,

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Speaker 1: we're also saying things like Social Security and Medicare are

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Speaker 1: obviously heading towards insolvency. But you know, no one wants

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Speaker 1: to address it politically because it's toxic.

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Speaker 2: So you know, what do we do.

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Speaker 3: Well, there's two things. One you can actually have you

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Speaker 3: can actually find people who are willing to expend the

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Speaker 3: political capital to make the changes that are needed. Or

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Speaker 3: you alternatively can just let the whole thing collapse in

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Speaker 3: on itself and then who knows what happens. I suppose

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Speaker 3: it's a coin flip whether the Ponzi scheme gets bailed

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Speaker 3: out and becomes even bigger, or whether it finally goes

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Speaker 3: away at that point. And I don't use those words

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Speaker 3: lightly calling these things Ponzi schemes, but that's what they

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Speaker 3: are effectively, whether it's Social Security or Medicare or a

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Speaker 3: whole host of these other programs, they are sold to

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Speaker 3: the American people as somehow you are saving for your

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Speaker 3: own retirement. But that's not the case. You are paying

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Speaker 3: for today's retirees and tomorrow's pay ease are going to

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Speaker 3: pay for your retirement. And if we don't continue to

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Speaker 3: have very large population growth in this country like we

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Speaker 3: did decades ago, then the Ponzi scheme is going to collapse.

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Speaker 3: And that's what we're seeing today.

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Speaker 1: Quick commercial break more with EJ and Tony with the

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Speaker 1: Heritage Foundation. House Republicans have passed to a debt ceiling hike.

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Speaker 1: It doesn't look like Biden wants to play ball at all.

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Speaker 1: You know, what should people know about this? You know,

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Speaker 1: how does a debt ceiling fight impact them? And what

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Speaker 1: should people know?

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Speaker 3: Well, there's a couple of things here, Lisa. One is,

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Speaker 3: don't pay attention to this hyperbolic rhetoric from Biden from

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Speaker 3: Janet Yellen about how, oh my gosh, the nation's going

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Speaker 3: to default and it's going to be the end of

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Speaker 3: the world. Please, nothing could be further from the truth.

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Speaker 3: If we bump up against the debt ceiling and there's

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Speaker 3: no agreement to increase it, then the government can't borrow,

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Speaker 3: and therefore they need to only spend as much as

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Speaker 3: they're taking in, and their taking in plenty of money,

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Speaker 3: by the way, they can pay for all of the

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Speaker 3: treasury bill, bonds and notes, in other words, all the

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Speaker 3: debt obligations of the government. There's enough money to enough

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Speaker 3: revenue to cover that. There's enough revenue to cover payments

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Speaker 3: on Social Security, Medicare, veterans benefits, et cetera. So all

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Speaker 3: those essential services will be covered, but there's not going

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Speaker 3: to be enough for some of the frivolous spending, and

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Speaker 3: the government will have to cut back cut that back.

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Speaker 3: In other words, it's a partial government shutdown, which we

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Speaker 3: have had plenty of times before we even had one

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Speaker 3: under President Trump, and the world didn't come to an end.

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Speaker 3: In fact, most Americans don't even notice when we have

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Speaker 3: these partial government shutdowns because they're so uneventful. Probably the

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Speaker 3: most eventful thing to actually come out of a partial

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Speaker 3: government shutdown was the Monica Lewinsky crisis.

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Speaker 2: Should more Americans care about our nation's debt? Oh?

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Speaker 3: Absolutely, because it's unsustainable and I don't think people realize

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Speaker 3: that if we continue on the trend we are currently set,

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Speaker 3: that we are going to end up like Greece at

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Speaker 3: some point the bill comes due, right, and if we

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Speaker 3: don't actually start paying for things today, then we're going

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Speaker 3: to have to pay for them in the future. And

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Speaker 3: the longer we kick the can down the road, the

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Speaker 3: more austerity, the more severe austerity we're going to need.

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Speaker 1: You mentioned Greece. Carry that out for the listener. So

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Speaker 1: what does that mean to become like Greece? What would

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Speaker 1: that mean for their day lives, What would that mean

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Speaker 1: for their income? What would that mean for how we

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Speaker 1: would be impacted here in the United States.

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Speaker 3: Well, in the case of Greece. You don't have your

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Speaker 3: own central bank, right, so they because they're part of

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Speaker 3: the EU, they didn't have the option of what the

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Speaker 3: FED has done the last several years, where they just

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Speaker 3: print money to cover all of these deficits, and so

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Speaker 3: they're essentially monetizing the debt, meaning they're imposing a hidden

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Speaker 3: tax instead of an explicit tax. But what Greece had

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Speaker 3: to do, and what we will probably have to do

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Speaker 3: eventually as well, is start imposing higher explicit taxes, whether

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Speaker 3: that's an income tax, sales tax, property tax, you name it.

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Speaker 3: Taxes are going to have to go up. But on

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Speaker 3: top of that, the government in Greece and eventually the

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Speaker 3: government here too, will have to drastically cut back their spending,

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Speaker 3: and that includes cutting back benefits on some of our

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Speaker 3: most popular programs, things that we already mentioned, like social security,

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Speaker 3: like medicare.

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Speaker 1: What do you make of the FEDS handling over interest rates?

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Speaker 3: Oh my goodness, are these I have it? Or public airwaves,

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Speaker 3: because it's going to depend on what kind of language

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Speaker 3: I can use.

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Speaker 1: Right now, AJ, you need to drop an F bomb,

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Speaker 1: I will hear it from my mom.

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Speaker 4: But here more than well, it is difficult to find

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Speaker 4: an institution on Earth today who has just messed things

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Speaker 4: up so badly as this Federal Reserve.

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Speaker 3: I mean they essentially, in order to finance those trillions

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Speaker 3: and trillions of dollars of government spending that was unfunded,

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Speaker 3: the FED just printed the money, and in doing so,

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Speaker 3: they kept interest rates far too low for far too long,

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Speaker 3: and they created this systemic risk where banks had their

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Speaker 3: balance sheets flooded with low interest rate treasuries. And what

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Speaker 3: that did is is it exposed them to the risk

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Speaker 3: of rates going up, because in terms of bonds, rates

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Speaker 3: and prices actually move an opposite direction. So as rates

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Speaker 3: have gone up, the prices of those assets have gone down.

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Speaker 3: That means the banks essentially didn't have the assets they

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Speaker 3: thought they did, except that there were no high yielding

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Speaker 3: assets that they could even buy in the first place,

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Speaker 3: because the FED pushed rates everywhere so low. So the

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Speaker 3: FED created this problem, and now the FED is having

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Speaker 3: to raise rates hard and fast in order to make

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Speaker 3: up for lost time and in order to help fight

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Speaker 3: the inflation that they themselves helped cause in the first place.

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Speaker 3: So it's very much the arsonist playing fireman here, Lisa.

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Speaker 3: And now we're at a point where because of fractional

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Speaker 3: reserve banking, which essentially just means when you put a

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Speaker 3: dollar on deposit at a bank, the bank doesn't actually

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Speaker 3: have to keep that dollar in the vault. In fact,

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Speaker 3: they lend out almost all of it as fast as

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Speaker 3: they can. And that system works as long as it doesn't,

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Speaker 3: in other words, as long as all the depositors aren't

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Speaker 3: trying to get their money at once. Well, with higher

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Speaker 3: interest rates and inflation, what's happening. A lot of depositors

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Speaker 3: need their cash because the cost of living has gone up.

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Speaker 3: In other words, they're with drawing deposits, and they're doing

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Speaker 3: it across the system. And we've seen this in the

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Speaker 3: big banks, for example, for over a year now. In

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Speaker 3: the small banks we've seen it much more recently and

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Speaker 3: much more rapidly. And the result of that is the

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Speaker 3: banks all of a sudden need to raise money because

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Speaker 3: they let out your money, and so they're selling off

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Speaker 3: these assets. But these are the assets that we just

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Speaker 3: mentioned which have lost so much value because the FED

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Speaker 3: raise rates after keeping them so low for so long.

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Speaker 3: So basically, the Fed created this giant mess. They set

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Speaker 3: the fuse, if you will, on this bomb and it's

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Speaker 3: beginning to go off. In fact, it's not just individual banks, lese.

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Speaker 3: So that are in this terrible predicament where their assets

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Speaker 3: have lost so much money, it's the Fed itself. People

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Speaker 3: don't realize the Fed's balance sheet has lost a trillion

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Speaker 3: and a half in value. I mean, it takes a

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Speaker 3: special level of incompetence to lose that kind of money

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Speaker 3: when you literally have a money printer in your basement.

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Speaker 2: Has the economy reached the bottom yet?

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Speaker 3: No, no, not by any means. We are definitely going

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Speaker 3: to enter into a recession again later this year. I

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Speaker 3: say again, because we already had a recession in the

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Speaker 3: first half of last year. I frankly don't care anymore

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Speaker 3: what the professional pundits say about redefining the word recession.

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Speaker 3: You can redefine words all you want, whether it's recession

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Speaker 3: or woman or take your pick. You can tell me

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Speaker 3: inflations transitory, how did that work out?

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Speaker 4: Right?

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Speaker 3: These people have no idea what they're talking about. They're

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Speaker 3: trying to manipulate words for their own political purposes. But

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Speaker 3: the fact is we already had a recession, and now

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Speaker 3: we're going to have the second part of the double dip.

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Speaker 3: Essentially where we had a brief period of growth and

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Speaker 3: we're going to be right back into the economy shrinking again. Look,

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Speaker 3: you can't spend, borrow and print trillions upon trillions of

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Speaker 3: dollars and not expect negative consequences. I just don't know

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Speaker 3: when we forgot that.

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Speaker 2: Are we going to hit a depression?

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Speaker 3: That's going to depend in highly on what the government

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Speaker 3: does from here? I mean, we certainly can. It's not

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Speaker 3: outside the realm of possibilities right now. If the Federal

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Speaker 3: Reserve continues to manipulate interest rates instead of just letting

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Speaker 3: markets reach their natural levels, then a depression does become inevitable. Absolutely.

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Speaker 3: So it's going to take a tremendous amount of political

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Speaker 3: will to stop the spending in Congress and to stop

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Speaker 3: the manipulation of the money supply as well to prevent

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Speaker 3: that from happening.

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Speaker 2: Is there any way out of all this?

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Speaker 3: Not one that doesn't involve a tremendous amount of pain? Again,

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Speaker 3: this in a lot of ways is like alcoholism. Okay,

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Speaker 3: when you print a bunch of money, for example, and

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Speaker 3: you give all this money to the government to spend,

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Speaker 3: the good effects come first and the bad effects come later.

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Speaker 3: If everyone started drinking and immediately got a hangover. No

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Speaker 3: one would drink too much because the hangover would come

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Speaker 3: first and then the buzz would come later. But it

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Speaker 3: works exactly the opposite of that. The buzz comes first

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Speaker 3: and it's not until the next morning that you wake

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Speaker 3: up and regret everything that you just did over the

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Speaker 3: last twelve hours. And so as a consequence of that,

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Speaker 3: if you want to look at this in terms of

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Speaker 3: monetary policy and government action, what's happening here is that

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Speaker 3: we're waking up with the hangover. These bank crises, inflation,

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Speaker 3: you name it. We're going from one crisis to another,

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Speaker 3: and the solution the government continues to impose is more

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Speaker 3: of the same. In other words, it's hair the dog.

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Speaker 3: They're reaching for the bottle again, and every time they

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Speaker 3: do that, they make the eventual episode of sobering up

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Speaker 3: that much worse.

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Speaker 1: The sad thing is, I understood every single part of

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Speaker 1: that Hair on the dog done that, thinking to myself,

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Speaker 1: I wish the hangover would hit pers It would have

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Speaker 1: seld me from being an idiot at times throughout my

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Speaker 1: life my younger years. So I'm picking up what you're

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Speaker 1: putting down there. Does Joe Biden hate working Americans. It

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Speaker 1: just seems like I don't know any other explanation for

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Speaker 1: the pain that he is inflicting on people who are

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Speaker 1: just trying to work hard and make an honest living.

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Speaker 3: Come on, man, you think he hates people.

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Speaker 2: I sure do.

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Speaker 3: He hates working people. I thought he came from a

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Speaker 3: working class household in Delaware or Scranton, or wherever the

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Speaker 3: heck it was. I don't know. The story always changes,

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Speaker 3: like how he got cancer from the oil slick on

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Speaker 3: his windshield growing up, or.

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Speaker 2: I don't think he remembers.

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Speaker 3: No, I'm not so sure he hates people. I think

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Speaker 3: it's more so he just loves himself, and he loves

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Speaker 3: himself so much that he doesn't care what kind of

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Speaker 3: pain he inflicts on others, probably in order to get

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Speaker 3: any kind of selfish gains that he can. I think

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Speaker 3: that's probably the case for most politicians. They're just too

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Speaker 3: in love with themselves to see beyond themselves and to

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Speaker 3: see how their policies are actually affecting other people in

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Speaker 3: the real world.

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Speaker 1: You're going to take a quick break more on the economy.

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Speaker 1: There's a push and to talk about a central bank,

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Speaker 1: digital currency, talk about what that would mean for Americans

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Speaker 1: and why should people should be concerned about it.

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Speaker 3: We need look no further, Lisa than China to see

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Speaker 3: some of the things that they are already implementing over there.

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Speaker 3: For example, one of the things a central bank digital

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Speaker 3: currency does is because every single dollar, every single cent

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Speaker 3: in fact, has a unique digital fingerprint, it makes every

437
00:22:22,920 --> 00:22:27,800
Speaker 3: cent traceable, trackable, taxable by the federal government, and they

438
00:22:27,840 --> 00:22:31,480
Speaker 3: can do things like put an expiration date on your money,

439
00:22:31,480 --> 00:22:34,520
Speaker 3: for example. So in China, when you get paid with

440
00:22:34,600 --> 00:22:38,960
Speaker 3: these digital tokens, this central bank digital currency, you literally

441
00:22:39,040 --> 00:22:42,200
Speaker 3: have a certain amount of time in which you can

442
00:22:42,240 --> 00:22:46,159
Speaker 3: spend your money before poof, it's gone. Not you know,

443
00:22:46,440 --> 00:22:48,920
Speaker 3: it's taken away and locked in a savings account. No, no,

444
00:22:48,960 --> 00:22:52,520
Speaker 3: it literally just evaporates, that's it. And so as a

445
00:22:52,560 --> 00:22:54,879
Speaker 3: consequence of that, I mean, this is a level of

446
00:22:54,920 --> 00:22:57,639
Speaker 3: control that Orwell couldn't have even dreamed of. To be

447
00:22:57,720 --> 00:23:00,760
Speaker 3: quite frank, the government can tell you how much you

448
00:23:00,800 --> 00:23:03,600
Speaker 3: can spend, how much you have to save, where you're

449
00:23:03,640 --> 00:23:06,480
Speaker 3: going to invest your money. So I'm sorry, you can't

450
00:23:06,520 --> 00:23:09,919
Speaker 3: invest in exonomobile because they produce too much fossil fuels.

451
00:23:09,960 --> 00:23:12,760
Speaker 3: You have to invest in Cylindra or some other green

452
00:23:12,840 --> 00:23:15,520
Speaker 3: energy boondoggle. Right, And same thing with when you go

453
00:23:15,600 --> 00:23:18,600
Speaker 3: to spend your money, I'm sorry you've bought too much

454
00:23:18,640 --> 00:23:21,360
Speaker 3: gasoline this week. If you want to drive around anymore,

455
00:23:21,600 --> 00:23:24,480
Speaker 3: you can use your money for an EV charging station.

456
00:23:24,640 --> 00:23:29,439
Speaker 3: Let's say so again. This is control. This is and

457
00:23:29,480 --> 00:23:32,160
Speaker 3: this is not conspiracy. By the way, the things I'm

458
00:23:32,200 --> 00:23:35,680
Speaker 3: talking about are either already implemented or they are from

459
00:23:35,840 --> 00:23:40,199
Speaker 3: publicly available memos that central bankers around the world have

460
00:23:40,320 --> 00:23:43,720
Speaker 3: written and published. This is not you know, ej Antoni

461
00:23:43,800 --> 00:23:46,400
Speaker 3: coming up with a crazy idea here of what could

462
00:23:46,400 --> 00:23:50,959
Speaker 3: potentially happen. These are the advocates for a CBDC telling

463
00:23:51,000 --> 00:23:55,240
Speaker 3: you what they would like to see happen by implementing

464
00:23:55,840 --> 00:24:00,000
Speaker 3: these technologies. It is crypto, but instead of being decentralized,

465
00:24:00,440 --> 00:24:01,480
Speaker 3: it is centralized.

466
00:24:01,880 --> 00:24:02,640
Speaker 2: Man, I'm not gonna lie.

467
00:24:02,680 --> 00:24:05,320
Speaker 1: The idea of buying a house and living in like

468
00:24:05,359 --> 00:24:07,720
Speaker 1: the woods somewhere, like off the grid and off the

469
00:24:07,800 --> 00:24:12,200
Speaker 1: land is starting to sound pretty good to me these days.

470
00:24:12,320 --> 00:24:15,320
Speaker 1: You know how much of these financial woes that we've

471
00:24:15,359 --> 00:24:19,200
Speaker 1: been discussing trace back to COVID. When you look at inflation,

472
00:24:19,560 --> 00:24:22,359
Speaker 1: when you look at the rise of centralization. You know,

473
00:24:22,520 --> 00:24:25,800
Speaker 1: when you look at global supply chain issues, how much

474
00:24:25,840 --> 00:24:27,880
Speaker 1: of it can be traced back to decisions that were

475
00:24:27,880 --> 00:24:29,840
Speaker 1: made during COVID, or at least at the height of it.

476
00:24:30,000 --> 00:24:32,479
Speaker 3: Well, I like to say it doesn't trace back to COVID.

477
00:24:32,480 --> 00:24:35,879
Speaker 3: It traced back to our response to COVID. Right. It

478
00:24:36,000 --> 00:24:38,600
Speaker 3: wasn't so much the virus that has a you know,

479
00:24:38,600 --> 00:24:41,280
Speaker 3: a ninety nine percent survival rate for the vast majority

480
00:24:41,280 --> 00:24:44,520
Speaker 3: of the population. That's not what what wrecked the economy.

481
00:24:44,760 --> 00:24:48,399
Speaker 3: What wrecked the economy was the government imposed lockdowns, the

482
00:24:48,480 --> 00:24:52,439
Speaker 3: draconian measures that told people, no, you can't go for

483
00:24:52,520 --> 00:24:55,919
Speaker 3: your cancer screening that will save your life because of

484
00:24:55,960 --> 00:24:59,359
Speaker 3: a virus that can't kill you. So we're going to

485
00:24:59,440 --> 00:25:02,680
Speaker 3: lock you home and effectively kill you ourselves by letting

486
00:25:02,760 --> 00:25:06,040
Speaker 3: your cancer return. But you can thank us for not

487
00:25:06,119 --> 00:25:08,200
Speaker 3: letting you get the virus with a ninety nine percent

488
00:25:08,240 --> 00:25:12,200
Speaker 3: survival rate. So I mean, the government's response again was

489
00:25:12,600 --> 00:25:16,919
Speaker 3: just so draconian and so frankly useless that it cost

490
00:25:17,119 --> 00:25:20,600
Speaker 3: far more lives than it post could have possibly saved.

491
00:25:21,240 --> 00:25:24,439
Speaker 3: And I will say, though as bad as it was,

492
00:25:24,880 --> 00:25:28,200
Speaker 3: a lot of the economic problems would have simply resolved

493
00:25:28,240 --> 00:25:32,240
Speaker 3: themselves with the expiration of those bone headed measures we

494
00:25:32,280 --> 00:25:35,080
Speaker 3: put in place in twenty twenty. But the problem is

495
00:25:35,080 --> 00:25:38,760
Speaker 3: that when Biden got into office, those measures not only

496
00:25:38,800 --> 00:25:42,159
Speaker 3: stayed in place, but many of them became even worse.

497
00:25:42,200 --> 00:25:45,960
Speaker 3: In other words, Biden, this is so ironic. I think, Lisa,

498
00:25:46,040 --> 00:25:49,199
Speaker 3: that Biden, with the benefit of hindsight, could see everything

499
00:25:49,240 --> 00:25:51,680
Speaker 3: that President Trump did right, and he could also see

500
00:25:51,720 --> 00:25:55,080
Speaker 3: all of President Trump's mistakes, and mysteriously he chose to

501
00:25:55,160 --> 00:25:59,159
Speaker 3: ignore everything Trump did right and instead double down on

502
00:25:59,280 --> 00:26:01,640
Speaker 3: the mistakes, and the results have been catastrophic.

503
00:26:01,920 --> 00:26:04,000
Speaker 1: I love Trump, but my biggest beef with him is

504
00:26:04,080 --> 00:26:07,000
Speaker 1: ceding the economy to Fauci during COVID, and.

505
00:26:07,480 --> 00:26:09,679
Speaker 3: And that's a pretty big gripe. I agree with you

506
00:26:09,720 --> 00:26:10,440
Speaker 3: one hundred percent.

507
00:26:10,520 --> 00:26:14,360
Speaker 1: It's pretty remarkable and good catch on. That wasn't COVID,

508
00:26:14,440 --> 00:26:16,480
Speaker 1: it was the government that did it. I normally make

509
00:26:16,520 --> 00:26:18,280
Speaker 1: that point, but to be honest with the AJ, I've

510
00:26:18,280 --> 00:26:20,080
Speaker 1: been traveling and i haven't been sleeping, so I'm glad.

511
00:26:20,280 --> 00:26:22,440
Speaker 1: I'm glad you caught me on that, because we wouldn't

512
00:26:22,440 --> 00:26:25,159
Speaker 1: want to let that go on this show. You know,

513
00:26:25,440 --> 00:26:28,040
Speaker 1: it's pretty remarkable to think that we live in the

514
00:26:28,160 --> 00:26:32,960
Speaker 1: United States of America, and we cannot stalk our own

515
00:26:33,040 --> 00:26:38,800
Speaker 1: shelves that we have. There's been a shortage of baby formula,

516
00:26:38,920 --> 00:26:43,040
Speaker 1: a shortage of children's title, a shortage of eggs, a

517
00:26:43,080 --> 00:26:47,560
Speaker 1: shortage of basic goods that even just a few years ago,

518
00:26:48,280 --> 00:26:52,479
Speaker 1: it would be you wouldn't believe someone telling us that,

519
00:26:52,640 --> 00:26:54,920
Speaker 1: you know, these wouldn't be on the shelves or you

520
00:26:54,920 --> 00:26:56,440
Speaker 1: couldn't get hold of them, right.

521
00:26:56,520 --> 00:26:59,080
Speaker 3: And you know how many times did President Trump, even

522
00:26:59,160 --> 00:27:02,600
Speaker 3: before he became president, even before he ran for president,

523
00:27:02,760 --> 00:27:06,240
Speaker 3: how many times did Donald J. Trump warn the nation

524
00:27:06,680 --> 00:27:09,280
Speaker 3: that we needed to diversify our supply chain, that we

525
00:27:09,359 --> 00:27:13,080
Speaker 3: needed to not be so reliant upon countries that hate us,

526
00:27:13,320 --> 00:27:16,640
Speaker 3: whether it's China or Iran or any of our other enemies.

527
00:27:17,000 --> 00:27:21,919
Speaker 3: And instead, the nation ignored those warnings, largely in the

528
00:27:22,000 --> 00:27:25,560
Speaker 3: name of political convenience and or making a quick book.

529
00:27:25,720 --> 00:27:27,359
Speaker 1: You got me to think differently on a lot of

530
00:27:27,359 --> 00:27:30,840
Speaker 1: things foreign policy, but also you know, things like manufacturing

531
00:27:30,920 --> 00:27:33,800
Speaker 1: and just bringing manufacturing back home. And we really saw

532
00:27:33,840 --> 00:27:36,639
Speaker 1: that during COVID, when you know, China was threatening the

533
00:27:36,800 --> 00:27:41,760
Speaker 1: United States to withhold antibiotics. Why are we reliant upon

534
00:27:41,880 --> 00:27:44,359
Speaker 1: China for eighty to ninety percent of our antibot Like,

535
00:27:44,359 --> 00:27:46,560
Speaker 1: why are we relying on an enemy for eighty to

536
00:27:46,680 --> 00:27:49,159
Speaker 1: ninety percent of our antibiotics? I mean, I think that

537
00:27:49,280 --> 00:27:52,720
Speaker 1: case right, there is a case to move or manufacturing

538
00:27:52,760 --> 00:27:54,879
Speaker 1: back home or at least on important things that we

539
00:27:54,960 --> 00:27:57,359
Speaker 1: need for the survival of the nation, the survival people.

540
00:27:57,960 --> 00:28:01,280
Speaker 3: Absolutely. And you know, why do we have of sensitive

541
00:28:01,400 --> 00:28:06,359
Speaker 3: military equipment being manufactured overseas? Again not by our friends

542
00:28:06,359 --> 00:28:09,720
Speaker 3: and allies, but by these countries that hate us? And

543
00:28:10,200 --> 00:28:13,000
Speaker 3: it's such a shame that we have reversed so much

544
00:28:13,080 --> 00:28:16,320
Speaker 3: of the progress that was made in the last administration

545
00:28:16,840 --> 00:28:21,359
Speaker 3: in returning a lot of that sensitive manufacturing and those

546
00:28:21,400 --> 00:28:24,720
Speaker 3: sensitive supply chain items back to the United States. Now

547
00:28:24,800 --> 00:28:27,760
Speaker 3: it's going it's basically turned right back around and is

548
00:28:27,800 --> 00:28:29,400
Speaker 3: being offshore. Yet again, it.

549
00:28:29,359 --> 00:28:31,159
Speaker 1: Begs the question too, you know, why wouldn't we want

550
00:28:31,200 --> 00:28:33,159
Speaker 1: to be energy independent? Why wouldn't we want to be

551
00:28:33,600 --> 00:28:36,080
Speaker 1: independent when it comes to manufacturing? You know, why don't

552
00:28:36,080 --> 00:28:39,120
Speaker 1: we want to be an independent America first nation? And

553
00:28:39,320 --> 00:28:41,040
Speaker 1: I think the answer is, at least if you're on

554
00:28:41,080 --> 00:28:42,800
Speaker 1: the left, is you know, they'd rather be part of

555
00:28:42,800 --> 00:28:45,719
Speaker 1: this global cabal, right, you know, they care more about

556
00:28:46,400 --> 00:28:48,920
Speaker 1: being in bed with you know, the World Economic Forum

557
00:28:49,040 --> 00:28:51,200
Speaker 1: and Trudeau and all these other people than they do

558
00:28:51,240 --> 00:28:52,280
Speaker 1: about their own citizens.

559
00:28:52,400 --> 00:28:55,400
Speaker 3: Oh come on, now, are you really suggesting we mine

560
00:28:55,400 --> 00:28:58,560
Speaker 3: our own coal and pump our own oil and natural gas?

561
00:28:58,720 --> 00:28:58,800
Speaker 4: Lea.

562
00:28:58,920 --> 00:28:59,920
Speaker 3: So why do you hate the plan?

563
00:29:00,160 --> 00:29:00,200
Speaker 4: It?

564
00:29:00,360 --> 00:29:03,360
Speaker 1: Well, I actually don't care about the planet if we baby,

565
00:29:04,560 --> 00:29:05,200
Speaker 1: I say this.

566
00:29:05,280 --> 00:29:06,240
Speaker 2: All the time on TV.

567
00:29:06,720 --> 00:29:09,040
Speaker 1: I mean, look, I live in Florida, right, We've got

568
00:29:09,040 --> 00:29:11,120
Speaker 1: the Everglades here. You have to you know, take you.

569
00:29:11,120 --> 00:29:13,040
Speaker 1: We want clean air and clean water and stuff. But

570
00:29:13,080 --> 00:29:15,280
Speaker 1: we know that's not what they care about. It's total

571
00:29:15,320 --> 00:29:20,200
Speaker 1: bs would have virtually no impact on the climate. And

572
00:29:20,440 --> 00:29:23,160
Speaker 1: you know, we're already reducing emissions by you know, just

573
00:29:23,200 --> 00:29:24,640
Speaker 1: things like natural pass and whatnot.

574
00:29:24,640 --> 00:29:26,200
Speaker 2: So it's all bullshit and we know that.

575
00:29:26,600 --> 00:29:29,160
Speaker 3: And then especially when you consider the fact that when

576
00:29:29,160 --> 00:29:31,840
Speaker 3: we stop drilling here, all that means is the drilling

577
00:29:31,880 --> 00:29:35,080
Speaker 3: happens overseas and it's shipped here. So now we're burning

578
00:29:35,120 --> 00:29:37,760
Speaker 3: more fuel just to ship it here. But on top

579
00:29:37,920 --> 00:29:41,040
Speaker 3: of that, you also have to realize that so many

580
00:29:41,120 --> 00:29:44,719
Speaker 3: of these countries overseas don't have the stringent environmental regulations

581
00:29:44,760 --> 00:29:47,480
Speaker 3: we do when it comes to our energy production. So

582
00:29:47,520 --> 00:29:52,160
Speaker 3: we're literally getting dirtier energy from overseas instead of getting

583
00:29:52,240 --> 00:29:55,479
Speaker 3: cleaner energy here at home, like you just mentioned, Lisa,

584
00:29:55,680 --> 00:30:00,000
Speaker 3: our abundant, our abundant natural gas resources. And so these

585
00:30:00,120 --> 00:30:02,840
Speaker 3: people clearly do not care about the environment, as you

586
00:30:02,880 --> 00:30:06,000
Speaker 3: already hinto that, because if they did, then they would

587
00:30:06,040 --> 00:30:09,800
Speaker 3: be going after solutions that actually address the things that

588
00:30:09,840 --> 00:30:12,640
Speaker 3: they claim to be so worried about.

589
00:30:12,800 --> 00:30:15,880
Speaker 1: Man, honestly think the next Republican nominee just needs to

590
00:30:15,960 --> 00:30:18,960
Speaker 1: run on fixing the country and getting back to the basics.

591
00:30:19,040 --> 00:30:21,640
Speaker 1: And we can have planes take off on time, we

592
00:30:21,720 --> 00:30:23,240
Speaker 1: can have any commy.

593
00:30:22,880 --> 00:30:24,800
Speaker 3: That works, trains not crash.

594
00:30:24,880 --> 00:30:26,960
Speaker 1: Yeah, like you should be able to buy gas, you know,

595
00:30:27,120 --> 00:30:29,760
Speaker 1: like just the basic bait, which is sad that you

596
00:30:29,760 --> 00:30:32,640
Speaker 1: know this is the message for the country, but you

597
00:30:32,680 --> 00:30:35,760
Speaker 1: know that's what it is. Have I missed anything I

598
00:30:35,840 --> 00:30:39,640
Speaker 1: probably have? Is there anything important that we need to

599
00:30:39,640 --> 00:30:42,640
Speaker 1: get into this conversation that I've missed in my questions

600
00:30:42,640 --> 00:30:42,880
Speaker 1: to you?

601
00:30:43,080 --> 00:30:46,240
Speaker 3: I think one of the big takeways do we have

602
00:30:46,360 --> 00:30:46,880
Speaker 3: enough time?

603
00:30:47,000 --> 00:30:47,240
Speaker 4: Yeah?

604
00:30:47,280 --> 00:30:50,400
Speaker 3: Exactly, yep, yep. Well we'll be here another week, right,

605
00:30:50,840 --> 00:30:53,720
Speaker 3: This conversation could probably last longer than the dollars the

606
00:30:53,720 --> 00:30:55,400
Speaker 3: world's reserve currency, right.

607
00:30:55,240 --> 00:30:58,480
Speaker 1: And anything very important that people at home should know

608
00:30:58,520 --> 00:30:59,200
Speaker 1: that I've missed.

609
00:30:59,240 --> 00:31:00,880
Speaker 2: I guess we'll or.

610
00:31:00,800 --> 00:31:04,480
Speaker 3: Maybe that's maybe this whole idea of the dollar as

611
00:31:04,560 --> 00:31:07,120
Speaker 3: the world's reserve currency, right, it's something that we've really

612
00:31:07,200 --> 00:31:11,880
Speaker 3: just taken for granted for so long. And the Bind

613
00:31:11,920 --> 00:31:15,560
Speaker 3: administration might have put the last nail in the coffin

614
00:31:16,000 --> 00:31:18,680
Speaker 3: of the US dollar being the world's reserve currency. Now,

615
00:31:18,720 --> 00:31:22,760
Speaker 3: why is that so important? Basically because for seventy years,

616
00:31:23,080 --> 00:31:26,560
Speaker 3: it has allowed us to export inflation. In other words,

617
00:31:26,720 --> 00:31:30,280
Speaker 3: it has allowed the FED to finance government deficits over

618
00:31:30,320 --> 00:31:34,520
Speaker 3: the years without just creating all these massive price increases

619
00:31:34,720 --> 00:31:36,960
Speaker 3: here at home, because we found a bunch of foreigners

620
00:31:37,120 --> 00:31:39,480
Speaker 3: who were willing to hold those dollars, whether they use

621
00:31:39,520 --> 00:31:43,160
Speaker 3: them as their country's own currency, or whether they use

622
00:31:43,240 --> 00:31:45,400
Speaker 3: them as bank reserves, whatever the case may be. But

623
00:31:45,440 --> 00:31:48,720
Speaker 3: Biden did two very terrible things. One was the worst

624
00:31:48,800 --> 00:31:51,320
Speaker 3: inflation in forty years, and all of a sudden, people

625
00:31:51,360 --> 00:31:53,520
Speaker 3: are looking at the dollar and wondering, why am I

626
00:31:53,600 --> 00:31:57,120
Speaker 3: holding something that just lost fifteen percent of its value

627
00:31:58,040 --> 00:31:59,960
Speaker 3: in a couple of years. This isn't a good state

628
00:32:00,160 --> 00:32:02,680
Speaker 3: or of wealth at all. This is ridiculous. But the

629
00:32:02,760 --> 00:32:05,360
Speaker 3: other thing he did to Russia, which by the way,

630
00:32:05,400 --> 00:32:07,880
Speaker 3: is something that we didn't even do to the Soviets

631
00:32:07,960 --> 00:32:13,120
Speaker 3: during the Cold War, is Biden confiscated the bank reserves

632
00:32:13,200 --> 00:32:16,760
Speaker 3: of the Russian Central Bank and the Russian people. And

633
00:32:17,240 --> 00:32:20,200
Speaker 3: so by doing that, he sent a very clear message

634
00:32:20,320 --> 00:32:23,960
Speaker 3: the dollar is no longer a political but rather the

635
00:32:24,040 --> 00:32:27,040
Speaker 3: dollar is a weapon of war that we will wield

636
00:32:27,320 --> 00:32:30,840
Speaker 3: as we see fit. And this is not to justify

637
00:32:30,880 --> 00:32:33,520
Speaker 3: Putin's actions or anything like that. So you know, if

638
00:32:33,520 --> 00:32:35,440
Speaker 3: people want to call me a Putin lover, you have

639
00:32:35,520 --> 00:32:37,520
Speaker 3: at it. I really don't care. This is still the truth.

640
00:32:37,920 --> 00:32:42,080
Speaker 3: What Biden did was send a message that, hey, you

641
00:32:42,080 --> 00:32:44,360
Speaker 3: know what, if you're a nation that disagrees with our

642
00:32:44,480 --> 00:32:49,120
Speaker 3: pro abortion stance, or maybe our stance on ESG, or

643
00:32:50,400 --> 00:32:54,400
Speaker 3: you know, some kind of like diversity measures where you

644
00:32:54,480 --> 00:32:57,400
Speaker 3: need to have a certain percentage of people of color

645
00:32:57,520 --> 00:32:59,760
Speaker 3: or women in your work force, you name it, whatever

646
00:32:59,800 --> 00:33:04,720
Speaker 3: the case, maybe pick the Liberal agenda item that a

647
00:33:04,720 --> 00:33:07,520
Speaker 3: lot of countries around the world disagree with. What happens

648
00:33:07,520 --> 00:33:11,840
Speaker 3: if the bind administration decides to impose some kind of

649
00:33:11,880 --> 00:33:15,880
Speaker 3: sanctions on you or confiscate your dollar reserves the way

650
00:33:15,880 --> 00:33:18,520
Speaker 3: we just did with Russia. All of a sudden, the

651
00:33:18,600 --> 00:33:21,600
Speaker 3: dollar is no longer stable, the dollar is no longer

652
00:33:21,640 --> 00:33:24,760
Speaker 3: a political and those were the things that made it

653
00:33:25,200 --> 00:33:28,880
Speaker 3: the reserve currency of the world, and Biden has taken

654
00:33:28,920 --> 00:33:31,680
Speaker 3: that away. And so now we are seeing countries around

655
00:33:31,680 --> 00:33:36,120
Speaker 3: the world abandon the dollar for international trade. They're abandoning

656
00:33:36,160 --> 00:33:39,480
Speaker 3: the dollar for use as bank reserves. And what's going

657
00:33:39,520 --> 00:33:42,000
Speaker 3: to happen is all of those dollars now have nowhere

658
00:33:42,080 --> 00:33:46,120
Speaker 3: to go but back here. That means seventy years of

659
00:33:46,200 --> 00:33:51,160
Speaker 3: trade deficits flooding back to America all at once. For perspective,

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00:33:51,560 --> 00:33:56,760
Speaker 3: that's twenty five percent inflation overnight. If it happens overnight.

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00:33:56,360 --> 00:33:57,320
Speaker 2: That's pretty terrifying.

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00:33:57,360 --> 00:34:00,800
Speaker 1: I mean, it just speaks to the larger loss of

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00:34:00,880 --> 00:34:04,400
Speaker 1: stature we have seen with America standing in the world.

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00:34:04,600 --> 00:34:05,720
Speaker 2: It's all sad. EJ.

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00:34:05,880 --> 00:34:08,719
Speaker 1: And Tony with the Heritage Foundation. Thanks so much for

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00:34:09,040 --> 00:34:10,960
Speaker 1: coming on the show and taking the time. I really

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00:34:11,000 --> 00:34:11,640
Speaker 1: appreciate it.

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00:34:11,760 --> 00:34:14,000
Speaker 3: No my pleasure, Lisa. I promise next time we talk

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00:34:14,080 --> 00:34:15,600
Speaker 3: we'll find something happy to talk about.

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00:34:15,600 --> 00:34:18,680
Speaker 2: Itcluding hearing the crap out of us. EJ.

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00:34:19,040 --> 00:34:22,640
Speaker 1: I'm gonna go May they go live your hangover scenario

672
00:34:22,840 --> 00:34:24,840
Speaker 1: from you just explained.

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00:34:24,880 --> 00:34:26,480
Speaker 2: Thanks so much, EJ. Appreciate it.

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00:34:26,600 --> 00:34:27,200
Speaker 3: My pleasure.

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00:34:33,560 --> 00:34:37,800
Speaker 1: That was EJ and Tony with the Heritage Foundation. You know,

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00:34:37,840 --> 00:34:41,240
Speaker 1: a little depressing, but it's good to know what's going

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00:34:41,280 --> 00:34:44,319
Speaker 1: on and what's on the horizon as well. And look,

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00:34:44,400 --> 00:34:46,719
Speaker 1: you know there's always hope. We've got an election coming up.

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00:34:46,800 --> 00:34:49,160
Speaker 1: We need to get the old crazy guy out of office.

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00:34:49,480 --> 00:34:51,080
Speaker 1: So I want to thank you guys at home for

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00:34:51,200 --> 00:34:53,680
Speaker 1: listening every Monday and Thursday, but you can listen throughout

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00:34:53,680 --> 00:34:56,000
Speaker 1: the week anywhere you get your podcast. Please leave us

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00:34:56,000 --> 00:34:59,280
Speaker 1: review on Apple Podcast, give us a rating. Love reading those,

684
00:34:59,560 --> 00:35:01,799
Speaker 1: love staying that. I want to thank John Cassio and

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00:35:01,840 --> 00:35:03,480
Speaker 1: my producer for putting the show together.

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Speaker 2: Until next time,