Speaker 1: Nice broadcasting live from the Abraham Lincoln Radio Studio, the
Speaker 1: George Washington Broadcast Center, Jack Armstrong and Joe Getty.
Speaker 2: Armstrong and Jetty and he Armstrong and Getty. This is
Speaker 2: what a leaker is telling you. The intelligence says, that's
Speaker 2: the game these people play.
Speaker 3: We dropped twelve of the strongest bombs on the planet
Speaker 3: right down the hole in two places. Everything underneath that
Speaker 3: mountain is in bad shape.
Speaker 2: Now, anything in the world can.
Speaker 3: Be rebuilt, but now we know where it is, and
Speaker 3: if they try to rebuild it, we'll have options there
Speaker 3: as well. But all this leaker stuff, these leakers are professional.
Speaker 2: Stabbers, professional stabbers.
Speaker 4: That's the Secretary of State and the National Security Advisor,
Speaker 4: Marco Rubio. So, as I mentioned earlier in the show, yesterday,
Speaker 4: I got two dings on my phone from different news outlets.
Speaker 4: I think one was New York Times and one was
Speaker 4: I don't know what it was, Wall Street General maybe.
Speaker 2: But I got back to back.
Speaker 4: I got an alert early assessments show Iranian's nuclear programs
Speaker 4: set back years. And then while I was reading that,
Speaker 4: I got a ding assessment shows nuclear program barely damaged,
Speaker 4: could be reconstituted in a month, and I thought, Okay,
Speaker 4: what am I supposed to do with this information? So
Speaker 4: then I was taking in my cable shows last night
Speaker 4: and network news shows. I was sensing glee and excitement
Speaker 4: from the news hosts as they talked about only the
Speaker 4: intel that showed that the nuclear program was not very
Speaker 4: badly damaged, and I was thinking, why would you be
Speaker 4: happy about this? Or I actually wondered, like, am I
Speaker 4: reading too much into this? Maybe I've got Trump derangement
Speaker 4: syndrome at this point where I think everybody's out to
Speaker 4: get me. But no, I'm watching Morning Joe this morning,
Speaker 4: and Joe Scarborough actually said on MSNBC, he said, I
Speaker 4: know a lot of people on this network and others
Speaker 4: are doing touchdown dances around this intel report that the
Speaker 4: nuclear reactor was not badly damaged.
Speaker 2: And I thought, what, so I'm not crazy.
Speaker 4: I actually was accurately perceiving glee touchdown dances. You're happy
Speaker 4: that maybe we didn't destroy their nuclear program? What in
Speaker 4: the hell is wrong with you?
Speaker 2: You dislike Trump so much it makes you.
Speaker 4: Feel good that one of the worst regimes on earth
Speaker 4: might get a nuke.
Speaker 5: That's a win for them. Yes, in their heads, you're
Speaker 5: noisy heads. Yeah, it's a defeat for Trump, so it's
Speaker 5: a win for me.
Speaker 2: Period.
Speaker 5: Insane Islamists are close to getting a nuclear bomb, that's
Speaker 5: a win for you.
Speaker 4: Yes, I liked your example of That'd be me being
Speaker 4: happy if Seal Team six had not gotten Bin Laden, Yes,
Speaker 4: or in the field in.
Speaker 5: The early days before it was clear what had happened. Man,
Speaker 5: I hope they missed him. I hope they missed him.
Speaker 5: So Obama will have failed.
Speaker 2: That's sick.
Speaker 4: There's something wrong with you if you look at politics
Speaker 4: that way.
Speaker 2: Seriously, you're deranged.
Speaker 5: And national security I mean your very existence, you've passed
Speaker 5: through that filter.
Speaker 2: Yeah, you're deranged. That's correct.
Speaker 4: And then I heard David Ignatius of the Washington Post
Speaker 4: say critics of Trump should think this through because if
Speaker 4: we didn't actually wipe out their nuclear program, we're gonna
Speaker 4: have to bomb more and get more militarily involved. Again,
Speaker 4: with the premise that you're excited that they might still
Speaker 4: have the program, I just I don't even know what
Speaker 4: to do with that information. I thought I was as
Speaker 4: cynical as you could get. Apparently I'm not. It's amazing,
Speaker 4: it is amazing, and it's disgusting, and that was kind
Speaker 4: of some of the flavor of the questioning in it
Speaker 4: during the press conference that was going on at NATO,
Speaker 4: just like in the last hour, and we've got Pete Hegseett,
Speaker 4: the Secretary of Defense, wanted to jump in there and
Speaker 4: answer some of the questions and also Trump, let's hear's
Speaker 4: from sect def Pete.
Speaker 6: The instinct of CNN, the instinct of The New York
Speaker 6: Times is to try to find a way to spin
Speaker 6: it for their own political reasons, to try to hurt
Speaker 6: President Trump or our country. They don't care what the
Speaker 6: troops think, they don't care what the world thinks. They
Speaker 6: want to spin it to try to make him look
Speaker 6: bad based on a leak.
Speaker 2: Of course, we've all.
Speaker 6: Seen plenty of leakers, and what a leakers? Do they
Speaker 6: have agendas and what do they do? Do they share
Speaker 6: the whole information or just the part that they want
Speaker 6: to introduce.
Speaker 4: Obviously, by definition, you do have an agenda when you
Speaker 4: leak something. By definition, Worth pointing out that all the assessments,
Speaker 4: the ones that are more positive, and I don't think
Speaker 4: it's prejudicial to call it positive if you don't think
Speaker 4: it's a positive thing. That the nuclear grim is destroyed,
Speaker 4: You're crazy. So anyway, even the more positive ones and
Speaker 4: the negative ones all say their confidence is very, very low.
Speaker 2: How could it be anything else. They don't have people there.
Speaker 5: Yeah, anybody who says that they need to be in GETMO,
Speaker 5: we'll give them a trial.
Speaker 2: Eventually.
Speaker 5: I read the constitution once. I think they've got one coming.
Speaker 5: But yeah, yeah, ship those idiots to get MO. Second,
Speaker 5: def was worked up about this.
Speaker 6: And when they introduced that preliminary a preliminary report that's
Speaker 6: deemed to be a low assessment. You know what a
Speaker 6: low assessment means, low confidence.
Speaker 2: In the data in that report.
Speaker 6: And why is there low confidence Because all of the
Speaker 6: evidence of what was just bombed by twelve thirty thousand
Speaker 6: pound bombs is buried under a mountain, devastated and obliterated.
Speaker 6: So if you want to make an assessment of what
Speaker 6: happened at four Doah, you better get a big shovel
Speaker 6: and go really deep, because Iran's nuclear program is obliterated,
Speaker 6: and somebody somewhere is trying to leak something to say, oh,
Speaker 6: with low confidence, we think maybe it's moderate. Those that
Speaker 6: drop the bombs precisely in the right place, know exactly
Speaker 6: what happened when that exploded, and you know who else
Speaker 6: knows Iran?
Speaker 5: And I think that goes to the ancient wisdom that
Speaker 5: you never ever ever underestimate your enemy and its capabilities.
Speaker 5: So the Defense Intelligence Agency and all they're saying, all right,
Speaker 5: here's here's what we're We know there's at least minor
Speaker 5: damage that is certain, but is that all the damage?
Speaker 5: We have very low confidence in telling you that. So
Speaker 5: it's a preliminary assessment of at the very very least
Speaker 5: we dot dot.
Speaker 4: Now, Israel's Atomic Energy Commission said the US strikes on
Speaker 4: Iran destroyed in quotes, critical infrastructure at Ford Ou nuclear site.
Speaker 4: The Israelis don't have any reason to spin this that direction,
Speaker 4: wouldn't They have every reason to say, oh, you didn't
Speaker 4: get it, We need to go harder and further.
Speaker 5: Oh yeah, they are invested heavily existentially and precisely what
Speaker 5: I was saying earlier. They have every interest in being very,
Speaker 5: very conservative in their estimates of how successful our omissions
Speaker 5: have been.
Speaker 4: Now, I was watching a former senator on News Nation
Speaker 4: this morning who was on the Intel Committee back in
Speaker 4: the day, saying that was always our concern is would
Speaker 4: these bombs actually get down there and destroyed or not,
Speaker 4: And we never knew.
Speaker 2: But the fact that we dropped so many in the
Speaker 2: same spot, yeah, it'd.
Speaker 4: Be hard to imagine that it didn't do its job.
Speaker 4: But anyway, here's Trump being asked more about that.
Speaker 7: And you know, you should be proud, you especially, you
Speaker 7: should be proud of those pilots. And you shouldn't be
Speaker 7: trying to demean them. Those pilots flew at great risk,
Speaker 7: a big chance that they've never come back home and
Speaker 7: see their husbands of their wives.
Speaker 2: Let me just tell you.
Speaker 7: You and NBC Fake News, which is one of the worst,
Speaker 7: and CNN New York Times, they're all bad.
Speaker 2: They're sick. There's something wrong with them.
Speaker 7: You know what, you should be praising those people instead
Speaker 7: of trying to find something by getting me, by trying
Speaker 7: to go and get me, you're hurting those people.
Speaker 2: They were devastated.
Speaker 4: Yeah, I I don't know that the whole I mean,
Speaker 4: I'm I'm I'm glad I live in a country where
Speaker 4: our military prowesses beyond everybody else's.
Speaker 2: That's good for me and everybody.
Speaker 4: And I brother and dad who served, and blah blah blah,
Speaker 4: I'm proud of all that sort of stuff, and good.
Speaker 4: That's sort but that's not really the question here, right,
Speaker 4: Did we.
Speaker 5: Just aggressive you know, aggressive questioning by the press, even
Speaker 5: if they're completely unfair and liberal and the rest of it.
Speaker 5: It's fine, it's the hallmark of our system. But he's
Speaker 5: got to admit it's weird to be excited about it. Obviously, well,
Speaker 5: and I am thrilled that we have a president who engages.
Speaker 5: I might not like his answer to that question, but
Speaker 5: there he is answering questions.
Speaker 2: Imagine that after the last guy. You know, the two questions.
Speaker 4: As Wall Street Journal writes today, here's the two questions
Speaker 4: Trump should ask today today, and we'd find out where
Speaker 4: we are. Hey, Iran, you gonna let the IAEA inspectors
Speaker 4: in there like this afternoon. They land a helicopter near Foord,
Speaker 4: Oh and go in and inspect it, yes or no?
Speaker 4: And if they say no, war is still on. They're
Speaker 4: not giving up their nuclear program.
Speaker 2: It's that simple.
Speaker 4: I don't know why we're not doing that. Is it
Speaker 4: because we're afraid of the answer.
Speaker 2: I don't know.
Speaker 5: Trump said something ridiculously conciliatory toward Iran that we want
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Speaker 4: So do you want to do it here? Do it
Speaker 4: when we come back. The Trump asked about oil being so.
Speaker 5: Iran, Oh boy, why don't we go ahead and take
Speaker 5: a break and come back and discuss that.
Speaker 4: Yeah, I want every media person that, even by Joe
Speaker 4: Scarborough's his own network, even by his definition, they were
Speaker 4: doing touchdown dances around one of the worst countries on Earth,
Speaker 4: an enemy of the United States, keeping their nuclear program.
Speaker 4: I want all of you out of the business and
Speaker 4: shipped out of the country or get mo as Joe
Speaker 4: Joe says, you're deranged. More on the way.
Speaker 7: They've had a big fight, like two kids at the
Speaker 7: school yard.
Speaker 2: You know, they fight like hell. You can't stop them.
Speaker 7: Let him fight for about two or three minutes. Then
Speaker 7: as to stap them.
Speaker 2: Sometimes strong languages, like everyone said, all you have to
Speaker 2: use a certain word.
Speaker 5: Wow, So the the one higher up and NATO said,
Speaker 5: so daddy had to use strong language. Okay, thanks for
Speaker 5: stepping in. Here is a criticism of Trump, and I
Speaker 5: will stick by it until I am talked out of it.
Speaker 5: He does not understand radical Islam. He has not internalized
Speaker 5: the idea that people will fight, they will die, they
Speaker 5: will sacrifice human lives, they will sacrifice children, they will
Speaker 5: engage in never ending war, they will throw away their wealth, etc.
Speaker 2: Etc.
Speaker 4: Etc.
Speaker 5: Based on taking over the globe in the name of Allah.
Speaker 5: Trump doesn't get that.
Speaker 4: Yeah, it's interesting that you say that, because I think
Speaker 4: you're right. But then there's also a crowd like Ian Bremer,
Speaker 4: who that crowd who just seems to think everybody's going
Speaker 4: to do what's in their best interest all the time
Speaker 4: and wouldn't sacrifice millions of people are all their fortune
Speaker 4: to do crazy s right, like clearly Putin's doing, or
Speaker 4: China is going to do, or Iran is willing to do.
Speaker 2: Right.
Speaker 5: Everybody's a rational actor, you get down to it. No,
Speaker 5: not so, not so at all. And you know, I
Speaker 5: could give you a half a dozen great examples just
Speaker 5: from the last couple of centuries where people were out
Speaker 5: of their freaking minds. Anyway, So this really bothered me.
Speaker 5: I just read a quote from it. But let's let's play.
Speaker 5: This is a reporter talking to Trump about what happens
Speaker 5: now with Iran.
Speaker 2: Thank you so much, mister president.
Speaker 1: Yesterday you said China canal continue to purchase oil from Iran.
Speaker 1: Are you giving up on your maximum pressure campaign because
Speaker 1: there's sanctions right now with on Iran. No.
Speaker 7: Look, they just had a war. The war was fought.
Speaker 7: They fought it bravely. I'm not giving up. They're in
Speaker 7: the old business. I mean, I could stop it if
Speaker 7: I wanted. I could sell China the oil myself. I
Speaker 7: don't want to do that. They're going to need money
Speaker 7: to put that country back into shape. We want to
Speaker 7: see that happen. We didn't know if they're going to
Speaker 7: sell oil. They're going to sell oil. We're not taking
Speaker 7: over the oil. We could have you know, I used
Speaker 7: to say with Iraq, keep the oil. I could say
Speaker 7: it here too, We could have kept the oil. Now
Speaker 7: China is gonna want to buy oil, and they can
Speaker 7: buy it from us, they can.
Speaker 2: Buy it from other people.
Speaker 7: But you're going to have to put that country back
Speaker 7: into shape. It needs desperately needs money.
Speaker 2: Yeah. That's an interesting take.
Speaker 5: Yeah, so I'll give me the criticism and then I
Speaker 5: will argue with myself. Just briefly. The criticism is he
Speaker 5: thinks he can flatter cajole and say, hey, hey, hey,
Speaker 5: I'm really sympathetic. I'm sorry about all that ugliness. Let's
Speaker 5: work together, and that that will change the minds of
Speaker 5: the leadership in Iran.
Speaker 2: Yeah, we will help you be We want to help
Speaker 2: you be rich and prosperous, right right.
Speaker 5: He does not get that the upper echelons, the hardest
Speaker 5: core of the leadership in Iran don't care about any
Speaker 5: of that. I mean, they care inasmuch as it helps
Speaker 5: them achieve. Islamis them, but that's the only reason they
Speaker 5: care about the economy and the people not going crazy.
Speaker 5: The counter argument to my argument is Trump is appealing
Speaker 5: to moderate elements within Iran and sending the message we
Speaker 5: could be buddies fast if you get rid of the lunatic.
Speaker 4: There's also the possibility that they've got all kinds of
Speaker 4: communication with moderate elements inside Iran, that it's teetering more
Speaker 4: than we know, or they're really ready to do something
Speaker 4: or whatever that's possible.
Speaker 5: But anyway, my last comment is I still don't think
Speaker 5: Trump gets fundamentalist Islam, but I wonder what he's actually
Speaker 5: pushing at with that statement. Here's to be interesting to
Speaker 5: see it to play out.
Speaker 4: Here's something Trump does get, and this NATO summat was
Speaker 4: supposed to be for Trump anyway, a celebration of forcing, convincing,
Speaker 4: use whatever word you want the other NATO countries to
Speaker 4: finally pay the amount that they're supposed to pay as
Speaker 4: a percentage of their for supporting the supposedly most important
Speaker 4: coalition that's ever been built on Earth. Everybody says that
Speaker 4: about us being in it, but you know, gives a
Speaker 4: pass to all these NATO countries that don't seem to
Speaker 4: care about it as much as you do because they
Speaker 4: weren't spending money on it anyway. They've all agreed to
Speaker 4: the two percent they're supposed to pay, an up in
Speaker 4: it to five percent. Everybody but Italy, I guess, has
Speaker 4: agreed to do that. Spain who cares kick him out
Speaker 4: of NATO. U And I saw one of our euro friends.
Speaker 4: I don't remember if it was a starmer or Fred
Speaker 4: Mertz from Germany or whoever it was, but in a
Speaker 4: speech today at NATO saying I'd like to congratulate Donald
Speaker 4: Trump on getting everybody to contribute more money. We've been
Speaker 4: living off the largest of the United States for too long,
Speaker 4: and we need to all come together as a coalition
Speaker 4: and pay our share.
Speaker 2: And maybe he's going to destroy NATO. Trump is destroying.
Speaker 4: NATO, and that was one of our allies, you know,
Speaker 4: praising Trump for that, for that movie.
Speaker 2: That's obviously a thing for the whole world. Yeah, one
Speaker 2: more thing.
Speaker 4: Trump was asked about Article five, in case you're not
Speaker 4: into this stuff enough to know that Article five of
Speaker 4: the NATO Charter is an attack on one as an
Speaker 4: attack on all. In other words, if Putin invade Estonia,
Speaker 4: who's in NATO, We the United States are pledged to.
Speaker 2: Fight on their behalf against Russia.
Speaker 4: Anyway, Trump was asked, can you clarify your stands on
Speaker 4: Article five? Trump said, I stand with it. That's why
Speaker 4: I'm here. If I didn't stand with it, I wouldn't
Speaker 4: be here. The reporter said, so you'd defend countries. Trump
Speaker 4: jumped in, what did I just say?
Speaker 2: Yeah? Why would I be here? Right? Right?
Speaker 4: Of course, that's worth nothing. If if Trump would decide
Speaker 4: we're not going to war to defend Estonia, and like
Speaker 4: ninety percent of Americans say, yeah, we're with you.
Speaker 5: Yeah, yeah, And I have one more point to make.
Speaker 5: But we're pressed for time, and this will probably be
Speaker 5: a story in the next well fifty years from now.
Speaker 2: Just like it was fifty years ago.
Speaker 4: I don't even know where I would be on that.
Speaker 4: Do we fully come to the defense of Estonia with
Speaker 4: all the might of the American We do?
Speaker 2: Yes, Yes, we do.
Speaker 4: Wow, Josep Jefferson, You and Lindsey Graham and h and
Speaker 4: John Bolton. Oh, the three of us were forming a
Speaker 4: barbershop quartet. We need one more gun.
Speaker 2: Armstrong and Getty.
Speaker 4: I'm actually going to use this drop off early feature.
Speaker 2: Oh awesome. Oh, we are stuck a little bit in
Speaker 2: the intersection. He is stuck. Oh okay, there it goes.
Speaker 2: So it was a few seconds. I do feel bad
Speaker 2: for him because he was definitely in the intersection. I
Speaker 2: what the car should have known? Yeah, not stop there,
Speaker 2: not stop there? Exactly what happened there?
Speaker 5: That is a Tesla Auto Taxi getting stuck in an
Speaker 5: intersection during a test.
Speaker 4: Well showing how great it was. Was it stuck for
Speaker 4: longer than it sounded like? There?
Speaker 2: I mean, was that a condensed version? Did it sit
Speaker 2: for forty five seconds? Okay? Four to five or.
Speaker 4: Forty forty five okay? Yeah, forty five seconds is too
Speaker 4: long to sit in an intersection?
Speaker 5: Yeah, right, and my understanding, And it wasn't at an intersection.
Speaker 5: It was in the intersection. It was just sitting there
Speaker 5: where the cars go to and fro. So more to
Speaker 5: be worked out. Obviously, it's an amazing system and it's
Speaker 5: going to take a while, but still more work to do.
Speaker 5: Speaking of consumer issues, that sort of thing. Really some
Speaker 5: striking economic numbers out, oh, coming up inside the petty
Speaker 5: and what was the other word, the complex and petty
Speaker 5: pre nups of the super wealthy.
Speaker 2: Wouldn't you like to be petty about the super wealthy?
Speaker 2: Come on?
Speaker 4: I saw I saw some of the pushback there in
Speaker 4: Venice about the Bezos and his wife wedding. There's a
Speaker 4: lot of protesters. They unfurled a giant sign in the
Speaker 4: middle of whatever square that was there.
Speaker 2: Did it say how much work is too much? With
Speaker 2: the picture of her face?
Speaker 4: No, Now there's a giant sign that said, if you
Speaker 4: can afford this wedding, you can afford to pay more taxes.
Speaker 2: Okay, all right?
Speaker 5: Anyway, So some fairly shocking economic numbers out about the
Speaker 5: purchasing the spending of eighteen to twenty four year old adults.
Speaker 5: It fell thirteen percent year over year, thirteen percent a lot.
Speaker 5: It's a huge drop spending. My older groups is still
Speaker 5: on the rise, but has slowed significantly. They mentioned a
Speaker 5: combination of economic challenges. Young grads are having a much
Speaker 5: tougher tougher time finding jobs. Student loan payments are restarting
Speaker 5: for millions of borrowers.
Speaker 2: That for that crowd.
Speaker 4: I know a few people in that situation, and it
Speaker 4: has been quite the shock to their system, because I
Speaker 4: know some people with some pretty big nuts, if you'll
Speaker 4: pardon the expression, that they've got to be able to meet.
Speaker 4: And all of a sudden, you have a five hundred
Speaker 4: dollars a month bill that you didn't have before, and
Speaker 4: you somehow were convinced by an ancient president you were
Speaker 4: never gonna have to.
Speaker 5: Pay, right, little aoc and the mummy president convinced you
Speaker 5: that you shouldn't have to pay those It's unjust. Yeah,
Speaker 5: people they believe that stuff, which is why I warned
Speaker 5: my kids.
Speaker 4: Don't believe it. Man, this could be and that could
Speaker 4: be a lot of it. You are not spending money
Speaker 4: on going out to eating, concerts and maybe travel. If
Speaker 4: all of a sudden you're paying an extra five hundred
Speaker 4: to one thousand dollars a month.
Speaker 5: No need to speculate. I have those numbers You're absolutely right. Plus,
Speaker 5: over the roughly of the past year, credit card delinquency
Speaker 5: rates have risen to the highest points since pre pandemic levels,
Speaker 5: highest for those eighteen to twenty nine years of age.
Speaker 5: They quote a bunch of experts and economists. Expenditures this
Speaker 5: is among eighteen to twenty four year olds on video
Speaker 5: games is down twenty four percent, twenty three percent year
Speaker 5: over year.
Speaker 2: We're the rest of those numbers.
Speaker 5: Apparel is down eleven percent, Accessories is down eighteen percent.
Speaker 2: They don't get how important it is to accessorize.
Speaker 5: Well accessories. I Technology is down fourteen percent. Small appliances
Speaker 5: down almost twenty percent. Now I was going to get
Speaker 5: a toaster, but I guess I won't small appliances. I
Speaker 5: like those kind of statistics, but like my own anecdote
Speaker 5: dot evidence, and this is completely anecdotal. I live in
Speaker 5: a wealthy college town, but.
Speaker 4: Got these college kids are out to eat all the time,
Speaker 4: dressed cool, talking on thousand dollars phones. That's not what
Speaker 4: I was doing when I was in college. I was
Speaker 4: eating beanie Wheni's five cans for a dollar from the
Speaker 4: food club to get by. I wasn't going out to
Speaker 4: eat every day at expensive restaurants, which is what happens
Speaker 4: in my college.
Speaker 2: But again that's anecdotal.
Speaker 5: But yeah, I would say that is that is the
Speaker 5: anecdote that misleads.
Speaker 4: Honestly, Well, you can't deny that there are a lot
Speaker 4: of people living lifestyles you shouldn't lead at that age
Speaker 4: or income level, and that's why you're financial trouble.
Speaker 5: Hence the credit card language. Yeah, yeah, absolutely true. Yeah,
Speaker 5: it's all part of the same too. I was just
Speaker 5: thinking about the shocking number of foreign students paying full
Speaker 5: tuition and snapping up spots that American students could have
Speaker 5: in university after university.
Speaker 2: I saw some of those statistics recently.
Speaker 5: And they're unbelievable anyway, So take a look look for
Speaker 5: that as a continuing.
Speaker 4: Maybe I should add into my commentary. I know, and
Speaker 4: this is taking anecdotal to another level, but I know
Speaker 4: at least a half a dozen people that are in
Speaker 4: that group who tell me how broke they are all
Speaker 4: the time, or how they could use more hours if
Speaker 4: they could get them, because they're really in tough financial straits.
Speaker 2: I think you.
Speaker 4: Live like you're a forty five year old with a
Speaker 4: really good job and you're twenty.
Speaker 2: Yeah, so maybe you wouldn't be in a bind if
Speaker 2: you didn't. Yeah.
Speaker 5: Actually, that is the part of the article I should
Speaker 5: have told you. The headline is Goodbye fancy bar, Hello
Speaker 5: at home pizza party. Young Americans cut back. Yeah, okay, yes,
Speaker 5: and they have to obviously. So let's talk about the
Speaker 5: super rich Jack the other end of the economic scale,
Speaker 5: the rich and their prenuptial agreements. Attorneys say prenups are
Speaker 5: only becoming more common for people of all wealth levels,
Speaker 5: but for those with net worths that are nine figures
Speaker 5: or larger. That would be one hundred million bucks, right,
Speaker 5: nine figures?
Speaker 2: Wow? Okay.
Speaker 5: Those agreements become sophisticated legal instruments to protect assets, business empires,
Speaker 5: and finally, family dynasties.
Speaker 4: I don't know what I think about prenups. I really don't.
Speaker 4: I've gone back and forth on my I personally would
Speaker 4: be much better off if I had done it, but
Speaker 4: I don't ever really think that I wish I hadn't.
Speaker 2: I don't know. I don't know.
Speaker 5: So I know a little bit about prenups, but not
Speaker 5: very much, having been married since we're eleven years old.
Speaker 2: But here's some examples prenups can dictate that's Kanye.
Speaker 5: Ah, yes, the great philosopher Kanye. Prenups can dictate who
Speaker 5: gets access to the private jet, how the thoroughbred horses
Speaker 5: are cared for, and who gets to say what about
Speaker 5: the divorce on social media. The embedded confidential reality agreement
Speaker 5: can even prohibit disclosing the existence of the prenup itself.
Speaker 2: Well, that's funny.
Speaker 4: You have to have a prenup that includes who gets
Speaker 4: to say what on social media, as Kanye would say,
Speaker 4: because when she leaves your ass, she's gonna leave with half.
Speaker 2: Oh, well, said Gay.
Speaker 5: Ultra wealthy prenups must address as assets that can't be
Speaker 5: easily split or sold. Don't worry, we'll get caddy in
Speaker 5: a second, such as startup equity that can't be traded
Speaker 5: in public markets, carry the interest in private equity funds,
Speaker 5: royalty streams from intellectual property, and family trusts with complex
Speaker 5: distribution rules, and if you don't have like crazy planning,
Speaker 5: the distributing those assets can lead to painful trade offs,
Speaker 5: financial trade offs, not to mention years, if not decades,
Speaker 5: long legal battles, and everybody in the family ending up
Speaker 5: hating each other.
Speaker 2: It's it's tough.
Speaker 5: To generate too much sympathy for the ultra wealthy. But eh,
Speaker 5: what are you gonna do?
Speaker 4: She says she's gonna buy Tycho with your money, but
Speaker 4: she only gets light bulb with your money, money money.
Speaker 4: Who has listened to gold Digger one thousand times?
Speaker 2: I have? That's who?
Speaker 5: Oh well it's a catchy too, and I understand the appeal.
Speaker 5: So where's the where's my favorite part?
Speaker 2: Oh? Here you go.
Speaker 5: Prenups can lay out who in a divorce supervises the
Speaker 5: packing of personal belongings.
Speaker 2: Wow, God, that would be awful.
Speaker 4: Can you imagine anything worse than getting down to those
Speaker 4: details of argument or.
Speaker 5: Or require a spouse to move out within thirty days?
Speaker 5: So before your nuptials you are saying you're negotiating. All right, Look,
Speaker 5: when and if we get divorced, I will be in
Speaker 5: charge of hiring the company that packs up all of
Speaker 5: your belongings to move them out, because I know once
Speaker 5: you're stealing anything. Ah right, and you're gonna have that
Speaker 5: conversation while you're all in love Ryan, Right, I love you.
Speaker 5: I love you too. Let me look deep into your
Speaker 5: eyes while you look deep into my eyes. You know,
Speaker 5: if we ever split up, and I think there's a
Speaker 5: decent chance we do.
Speaker 4: I think you'd probably steal. So I got this piece
Speaker 4: of paper that says somebody needs to watch you.
Speaker 2: And I'll need you to move out within two weeks.
Speaker 5: Two weeks come, I gotta find a place to live,
Speaker 5: all right, four weeks, Look, make it a month, make
Speaker 5: it thirty days, all right, I know, right, you gotta
Speaker 5: be out within thirty days.
Speaker 2: Here's a good one.
Speaker 4: I know someone who got hit with the prenup, like
Speaker 4: just two weeks before the wedding, had never come up
Speaker 4: in conversation before the idea of it, and then they
Speaker 4: got to I'm gonna want you to sign this, and
Speaker 4: then it was like too late to pull the plug.
Speaker 2: I mean you could, obviously, but it's.
Speaker 5: A lot harder to Yeah, some clients demand that their prenups.
Speaker 5: Here we go, stipulate that a spouse maintain a specific weight,
Speaker 5: you say, within twenty pounds of what it was on
Speaker 5: the wedding day.
Speaker 4: Oh, that's fantastic a prenup weight agreement.
Speaker 2: Honey, I'm gonna need you to come on and step
Speaker 2: on the scale.
Speaker 4: Looking like that might be breaking some rules. That's an
Speaker 4: excellent point, Katie to enforce the prenup. If anybody's getting close,
Speaker 4: somebody's got to say, all right, we need to have
Speaker 4: a way I put in the pre nup. I would
Speaker 4: never do this, but if you were going to the
Speaker 4: only way to make this less contentious was part of
Speaker 4: the prenup is we have to have weekly weigh.
Speaker 2: In both of us. Right. Well, one thing is you've
Speaker 2: go ahead, otherwise you end up in a situation. Hey
Speaker 2: katie's talking about.
Speaker 4: Hey, I just noticed when we were at the pool
Speaker 4: on vacation, look like a street, aren't.
Speaker 2: Yeah.
Speaker 5: One common thing is you've got to stay within twenty
Speaker 5: pounds of what you are on the wedding day.
Speaker 2: Or what. I don't know me.
Speaker 4: I saw you come out of the sauna, and if
Speaker 4: you're not two ten, my name's Marco Rubio. I mean,
Speaker 4: so I think we should get the scale out well.
Speaker 5: And if you're looking for a trophy wife or a
Speaker 5: husband or something, I mean that just that ends. Is
Speaker 5: she just or is he just marrying me because I'm
Speaker 5: young and hot?
Speaker 2: Well?
Speaker 5: Yes, yes, it's being made very very clear here. If
Speaker 5: you gain twenty one pounds, you're in violation of the
Speaker 5: prenup and you lose your rights to God knows, I
Speaker 5: don't know the house, the car, money, whatever, or it
Speaker 5: says you've got. Well, for instance, here's another one a prenups.
Speaker 5: There's one prenup says you agree to exercise four times
Speaker 5: a week during the marriage.
Speaker 2: That one seems hard to enforce.
Speaker 5: Well, again, there's got to be a subclause about if
Speaker 5: you have the flu or a similar disease. Others want
Speaker 5: financial penalties for cheating. One attorney described a clam seeking
Speaker 5: a million dollar payment for each affair.
Speaker 4: See, that's you know, some states have that. That's one
Speaker 4: of the problems that you get into the So if
Speaker 4: one person cheats and then you go through the divorce
Speaker 4: laws of where they are and you're gonna get lose
Speaker 4: half your stuff for somebody who violated the vows, that
Speaker 4: just seems so incredibly uncool to me.
Speaker 5: But on the other side of it, here's an Atlanta attorney, Well,
Speaker 5: go ahead, did you have one more point on that?
Speaker 4: Well, I'm not a misogynist like you, so I wanted
Speaker 4: to point out that it could be the other direction
Speaker 4: for the weight gain. I've known a number of women
Speaker 4: who are very unhappy that they got married in their
Speaker 4: husband's game. Like fifty pounds, what are you gonna do?
Speaker 4: You can work anyway. Here's an Atlanta based divorce attorney.
Speaker 4: He recounts a professional basketball player client who insisted his
Speaker 4: prenup acknowledge that quote NBA players are known to have affairs,
Speaker 4: so cheating could not trigger costly.
Speaker 2: It was a get out of jail free.
Speaker 5: Or you know, I'm going to have a fair there's
Speaker 5: clause in the prenup.
Speaker 2: Well why even get married.
Speaker 4: I know I got no success to lean on as
Speaker 4: a but I just, yeah, I can't imagine you get
Speaker 4: all that taken care of, and now you're walking down
Speaker 4: the aisle starry eyed and happy with each other. Happiest
Speaker 4: day of my life now that we've worked out that
Speaker 4: you can't gain more than ten pounds, or I'll put
Speaker 4: you on the scale and hold you to it, or
Speaker 4: you know all these other different things. Well I need
Speaker 4: to be watched while I pack boxes if we do
Speaker 4: split up, because I can't be trusted.
Speaker 2: I mean, where's the magic.
Speaker 5: Nothing says love like getting the lawyers involved. And here's
Speaker 5: a New York to Forest attorney, a woman who says,
Speaker 5: every prenuptial agreement is a power play.
Speaker 2: It's exciting for them to have.
Speaker 5: This control, but the leverage goes to whoever cares less
Speaker 5: about the marriage. If you're willing to walk away, you
Speaker 5: hold all the cards.
Speaker 2: Wow. Wow, that's wrong. That is so foreign to my
Speaker 2: life experience. Yeah, I know, I'm so lucky.
Speaker 5: Hey, wow, whoever cares less about the marriage holds all
Speaker 5: the cards.
Speaker 2: Yes, I think. I'm sorry.
Speaker 4: I think because it what I agree. But you know,
Speaker 4: I'm not married, so I haven't pulled it off. I
Speaker 4: think you got to sneak it in.
Speaker 2: You do.
Speaker 4: Like I weighed my truck the other day on a
Speaker 4: truck scale. Don't know if you've ever been on a
Speaker 4: truck scale, but it just it looks like the driveway.
Speaker 2: It's just that the driveway floats.
Speaker 4: And so you gotta do that under their chair at
Speaker 4: the table or like their easy chair where they watch television.
Speaker 2: You make that a.
Speaker 4: Scale, have a digital readout on the back of it
Speaker 4: or on you you know, you ap a n app
Speaker 4: on your phone. So they sit in their chair and.
Speaker 2: Think one ninety five. Okay, man, he's two pounds away. Yeah,
Speaker 2: a digital readout on your couch. There you go. You
Speaker 2: need to secretly weigh them. That's my point. She sits down.
Speaker 2: Oh you know, I found the salad recipe for dinner.
Speaker 2: It's gonna be great. Yeah, I can't.
Speaker 4: Believe a weight guarantee of the pre dup. That's a
Speaker 4: funny one. Wow O love more on the way Star.
Speaker 2: That's right.
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Speaker 2: You, skinny New Yorker. I like I like my fast food.
Speaker 5: I've got a fairly cynical follow up to our discussion
Speaker 5: about prenups, and then a much more charitable one, Jack.
Speaker 5: I understand the text line has been ahman uh yeah.
Speaker 4: And but particularly what has gotten a lot of people's
Speaker 4: attention is the whole having in your prenup weight gain.
Speaker 2: You're not allowed to go past this weight or to stay.
Speaker 4: Within twenty pounds of which you weigh on the wedding
Speaker 4: or what that ends the marriage?
Speaker 2: Well with this one.
Speaker 4: There's a reality show on TLC where the girl wanted
Speaker 4: the guy to sign a prenup. In the stipulation was
Speaker 4: if she gained over a certain amount of weight during
Speaker 4: they're monthly or weekly way in, So they're going to
Speaker 4: have a weekly or monthly way in. I think that
Speaker 4: is a good idea because otherwise you've got you've got
Speaker 4: the I hate to say this, but I really think
Speaker 4: we need to put you on the scale.
Speaker 2: Oh boy, yeah, best to schedule it right. Is part
Speaker 2: of the deal.
Speaker 4: She owes him one thousand dollars per pound, so you
Speaker 4: wouldn't be immediate divorce. You just owe them a thousand
Speaker 4: dollars per pound until you get the weight off. Although
Speaker 4: I always shared finances, so I don't know how it worked.
Speaker 2: So a couple of things.
Speaker 5: Prenups can include, Oh, my cynical note was you got
Speaker 5: to have a clause in there? It's the opposite a
Speaker 5: getting too hot clause.
Speaker 2: Oh wait a minute, you've lost a bunch of weight
Speaker 2: and changed your hairstyle. What's going on?
Speaker 4: I have seen that be the prelude to a divorce
Speaker 4: many times.
Speaker 5: So prenups can include sunset clauses into which the agreement
Speaker 5: expires after ten or twenty years, which acknowledges hey, after
Speaker 5: that point we are genuine partners. And these days there
Speaker 5: are stepped agreements If we get divorced within five years,
Speaker 5: you get five million. If it's within ten years, you
Speaker 5: get twenty million, et cetera. And then they make the
Speaker 5: point that wealthy people are insecure just like you and me.
Speaker 5: They want to be loved. The wealth can become an
Speaker 5: impediment because they're afraid of being taken advantage of.
Speaker 2: Oh yeah, and so if you say, yeah, i'll sign it.
Speaker 5: I'm not here for the money anyway, then that's a
Speaker 5: pretty good indication, pretty good that no, you're actually in love.
Speaker 2: Yeah, man, I don't know.
Speaker 4: It works both ways though, because you'd be you know,
Speaker 4: so I'm attractive and younger than him, and he's just
Speaker 4: gonna dump me and I'm gonna get nothing out of this.
Speaker 4: Yeah we can work use me for a bit. Yeah, Yeah,
Speaker 4: that's a tough one. I can understand why, like super
Speaker 4: rich people, it's very difficult to go out there and
Speaker 4: get into relationships and not be suspicious.
Speaker 5: Your mileage may vary, but we seem to have a
Speaker 5: societal norm against getting married when you're young and poor.
Speaker 2: I'll tell you what. There are real advantages. Oh sure, absolutely, yeah,
Speaker 2: no kidding, no kidding.
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