1 00:00:01,120 --> 00:00:01,560 Speaker 1: Welcome. 2 00:00:01,639 --> 00:00:06,000 Speaker 2: It is verdict with Senator Ted Cruz Ben Ferguson with you, Senator, 3 00:00:06,120 --> 00:00:09,399 Speaker 2: It's like one in the morning, and I can't believe 4 00:00:09,440 --> 00:00:13,000 Speaker 2: I'm actually saying this to you, But is it fair 5 00:00:13,080 --> 00:00:17,120 Speaker 2: to say that Kamala Harris is stealing campaign ideas from 6 00:00:17,600 --> 00:00:21,959 Speaker 2: socialists and communists, you know, people like Stalin and I 7 00:00:21,960 --> 00:00:25,480 Speaker 2: don't know Maduro with her new plan on food prices. 8 00:00:26,239 --> 00:00:29,200 Speaker 3: Well, we're twenty five days in to Kamala Harris being 9 00:00:29,240 --> 00:00:32,920 Speaker 3: the presumptive Democrat nominee. For twenty three of the days, 10 00:00:33,159 --> 00:00:35,640 Speaker 3: she had a total of zero policy proposals. 11 00:00:36,040 --> 00:00:37,400 Speaker 1: Her website still. 12 00:00:37,200 --> 00:00:41,520 Speaker 3: Has no policy positions listed on it. Then, twenty four 13 00:00:41,600 --> 00:00:44,600 Speaker 3: days into it, she discovered her first policy proposal and 14 00:00:44,640 --> 00:00:47,519 Speaker 3: it was a good one. It was no taxes on tips, 15 00:00:47,920 --> 00:00:52,159 Speaker 3: something Donald Trump proposed, something that I introduced and authored 16 00:00:52,159 --> 00:00:52,880 Speaker 3: the legislation. 17 00:00:52,960 --> 00:00:53,960 Speaker 1: And so that was a good sign. 18 00:00:54,480 --> 00:00:57,520 Speaker 3: She had found one position that she liked and it 19 00:00:57,640 --> 00:01:01,639 Speaker 3: was actually a tax cutting position. Well, that moment, that 20 00:01:01,720 --> 00:01:05,840 Speaker 3: moment of clarity lasted about twenty four hours. She's now 21 00:01:05,880 --> 00:01:08,520 Speaker 3: come out with her second policy position. And mind you, 22 00:01:08,600 --> 00:01:11,919 Speaker 3: this is the second out of two, because in twenty 23 00:01:11,959 --> 00:01:17,120 Speaker 3: five days she has not had any other policy positions whatsoever. Unfortunately, 24 00:01:17,160 --> 00:01:20,600 Speaker 3: position number two was not nearly as good as position 25 00:01:20,680 --> 00:01:26,480 Speaker 3: number one. Position number two is she Queen Kamala the 26 00:01:26,520 --> 00:01:31,280 Speaker 3: federal government czar is going to set prices, well, not 27 00:01:31,400 --> 00:01:35,840 Speaker 3: on anything that matters, just food, just groceries, just what 28 00:01:36,000 --> 00:01:39,520 Speaker 3: you feed your children and your family. That the federal 29 00:01:39,560 --> 00:01:41,319 Speaker 3: government is now going to be in the business that 30 00:01:41,360 --> 00:01:45,119 Speaker 3: the Soviet Union, their government was in for a long time, 31 00:01:45,640 --> 00:01:48,800 Speaker 3: deciding the prices of goods that people need and want. 32 00:01:49,440 --> 00:01:53,160 Speaker 3: The only problem is history has shown that is absolutely disastrous. 33 00:01:53,160 --> 00:01:55,360 Speaker 3: We're gonna break that down, We're gonna explain it to you. 34 00:01:56,200 --> 00:02:00,320 Speaker 3: And then secondly, Kamala Harris desperately, desperately won want you 35 00:02:00,360 --> 00:02:02,720 Speaker 3: to forget that. She has been the borders are for 36 00:02:02,720 --> 00:02:06,080 Speaker 3: four years. There's a reason for that. The border is 37 00:02:06,120 --> 00:02:10,960 Speaker 3: the single greatest disaster under Joe Biden and her administration. 38 00:02:11,919 --> 00:02:17,200 Speaker 3: Just this week, we've seen a potential terrorist, a Palestinian, apprehended. 39 00:02:17,560 --> 00:02:22,080 Speaker 3: We've also seen a criminal, a mass murderer, who had 40 00:02:22,080 --> 00:02:25,760 Speaker 3: been apprehended at the border. These are inconvenient facts, as 41 00:02:25,800 --> 00:02:29,000 Speaker 3: of the facts that she and Joe Biden have lost 42 00:02:29,120 --> 00:02:33,560 Speaker 3: over eighty thousand illegal immigrant children they've just lost them. 43 00:02:33,800 --> 00:02:36,120 Speaker 3: They handed them over to adults. They didn't vet, they 44 00:02:36,120 --> 00:02:37,519 Speaker 3: don't know who they are. They don't know if the 45 00:02:37,560 --> 00:02:39,400 Speaker 3: adults are abusing the kids. They don't know if the 46 00:02:39,400 --> 00:02:41,760 Speaker 3: adults are putting the kids in slave labor, they don't 47 00:02:41,800 --> 00:02:44,359 Speaker 3: know if the adults are engaging in sexual abuse of 48 00:02:44,400 --> 00:02:47,760 Speaker 3: the kids. They've just lost them. Because it's all politics 49 00:02:47,760 --> 00:02:50,680 Speaker 3: and if children have to suffer, well, they're willing to 50 00:02:50,720 --> 00:02:52,560 Speaker 3: accept that price. We're gonna explain that as well. 51 00:02:52,760 --> 00:02:56,000 Speaker 2: I want to remind you about what's going on in Israel. 52 00:02:56,400 --> 00:02:59,720 Speaker 2: The people in Israel right now still very much desperately 53 00:02:59,760 --> 00:03:04,120 Speaker 2: need your help. They are absolutely under attack, this time 54 00:03:04,160 --> 00:03:07,280 Speaker 2: with a massive rocket attack that just came in from Hesbla. 55 00:03:07,360 --> 00:03:10,760 Speaker 2: Since October the seventh, attacks on Israel have increased, with 56 00:03:10,840 --> 00:03:14,919 Speaker 2: a Ran and its proxies launching attack after attack, hundreds 57 00:03:14,919 --> 00:03:19,200 Speaker 2: and hundreds of drones and missiles. Israel and the Israeli 58 00:03:19,240 --> 00:03:22,520 Speaker 2: people are living with the harsh reality of terror every day, 59 00:03:22,919 --> 00:03:25,920 Speaker 2: and the need right now is bomb shelters. The International 60 00:03:25,919 --> 00:03:28,760 Speaker 2: Fellowship of Christians and Jews is on the ground right 61 00:03:28,800 --> 00:03:32,640 Speaker 2: now addressing all the urgent needs. And that's why I 62 00:03:32,760 --> 00:03:36,760 Speaker 2: want you to partner with IFCJ today. While praying for 63 00:03:36,840 --> 00:03:39,880 Speaker 2: the best, IFCJ is also preparing for the worst by 64 00:03:39,960 --> 00:03:43,760 Speaker 2: packing emergency bomb shelter kits that can be delivered immediately 65 00:03:43,760 --> 00:03:46,800 Speaker 2: to those in desperate need, and your life saving donation 66 00:03:46,880 --> 00:03:49,400 Speaker 2: today will help assemble and place these kits with enough 67 00:03:49,440 --> 00:03:53,720 Speaker 2: food and life saving emergency supplies for twenty people huddled 68 00:03:53,760 --> 00:03:56,720 Speaker 2: in a bomb shelter. The cost to put together and 69 00:03:56,760 --> 00:03:59,920 Speaker 2: distribute these kits is just two hundred and ninety dollars, 70 00:04:00,280 --> 00:04:03,560 Speaker 2: and your gift will help save lives. And thanks to 71 00:04:03,600 --> 00:04:08,200 Speaker 2: a matching challenge from a generous ifc supporter, your gift 72 00:04:08,200 --> 00:04:12,320 Speaker 2: will be doubled in impact to help provide twice the support. Now, 73 00:04:12,360 --> 00:04:14,800 Speaker 2: all you have to do is call them triple eight 74 00:04:15,360 --> 00:04:20,640 Speaker 2: for eight eight IFCJ. That's eight eight eight for eight 75 00:04:20,640 --> 00:04:25,800 Speaker 2: eight IFCJ eight to eight for eight eight IFCJ. You 76 00:04:25,839 --> 00:04:30,400 Speaker 2: can also go online to support IFCJ dot org to 77 00:04:30,480 --> 00:04:35,799 Speaker 2: give that's one word, support IFCJ dot org to stand 78 00:04:35,839 --> 00:04:40,200 Speaker 2: with the people in Israel Center. When this came out, 79 00:04:40,640 --> 00:04:44,320 Speaker 2: I was actually kind of laughing, and then I realized 80 00:04:44,400 --> 00:04:49,440 Speaker 2: how close we are to turning into a Soviet style 81 00:04:50,160 --> 00:04:53,760 Speaker 2: food market, grocery stores. And if you go back and 82 00:04:53,800 --> 00:04:57,080 Speaker 2: look what Soviet style markets look like, they didn't actually 83 00:04:57,120 --> 00:04:59,240 Speaker 2: even have shelving in the majority of them. 84 00:04:59,640 --> 00:05:01,720 Speaker 1: They had pallets and boxes. 85 00:05:02,360 --> 00:05:05,119 Speaker 2: And then you open the box and whatever they had 86 00:05:05,200 --> 00:05:08,760 Speaker 2: for you there that day is what you went home with. 87 00:05:09,000 --> 00:05:12,040 Speaker 2: You didn't go shopping, you went and found whatever they 88 00:05:12,080 --> 00:05:14,640 Speaker 2: brought you. There are lots of videos of this that 89 00:05:14,680 --> 00:05:18,120 Speaker 2: you can see online of just how bad it is 90 00:05:18,120 --> 00:05:20,520 Speaker 2: when the government takes over. But what Kamala Harris is 91 00:05:20,520 --> 00:05:23,920 Speaker 2: doing is she's trying to appease to voters, saying, Hey, 92 00:05:23,960 --> 00:05:28,240 Speaker 2: I'm going to put price controls on food. The issue 93 00:05:28,320 --> 00:05:29,960 Speaker 2: is and I want you to take a moment to 94 00:05:29,960 --> 00:05:33,640 Speaker 2: explain this to people. If the government does that and 95 00:05:33,720 --> 00:05:37,240 Speaker 2: the farmer's prices go up and the price of grain 96 00:05:37,400 --> 00:05:39,800 Speaker 2: or the price of fuel or the price of transportation, 97 00:05:39,960 --> 00:05:44,000 Speaker 2: they start losing money, they go under instantly, leaving no 98 00:05:44,040 --> 00:05:46,800 Speaker 2: one but the government to basically feed you. 99 00:05:48,120 --> 00:05:50,240 Speaker 3: Well, I want to break down a couple of pieces 100 00:05:50,640 --> 00:05:52,520 Speaker 3: of this. I want to break down the politics of it, 101 00:05:52,560 --> 00:05:54,200 Speaker 3: and then I want to break down the substance of it. 102 00:05:54,800 --> 00:05:57,400 Speaker 3: Let's start with the politics of it. Kamala Harris and 103 00:05:57,440 --> 00:06:00,599 Speaker 3: her team have been on a sugar high for twenty 104 00:06:00,600 --> 00:06:04,240 Speaker 3: five days. The press has been engaged in a relentless 105 00:06:04,279 --> 00:06:07,680 Speaker 3: campaign of lionization and canonization. They've been turning her into 106 00:06:07,680 --> 00:06:12,800 Speaker 3: Saint Kamala. But it has been utterly substance free her team. 107 00:06:12,839 --> 00:06:15,680 Speaker 3: They're not stupid. They understand as we get closer to 108 00:06:15,720 --> 00:06:19,000 Speaker 3: election day, people are actually going to care about substance. 109 00:06:19,800 --> 00:06:22,240 Speaker 3: The top two issues in the country, and this is 110 00:06:22,279 --> 00:06:25,440 Speaker 3: true in pretty much every single opinion poll that is done. 111 00:06:26,040 --> 00:06:29,080 Speaker 3: They are number one the chaos at the open border 112 00:06:29,200 --> 00:06:32,039 Speaker 3: eleven and a half million people crossing to this country illegally, 113 00:06:32,800 --> 00:06:35,440 Speaker 3: and number two jobs in the economy, and in particular 114 00:06:35,480 --> 00:06:38,239 Speaker 3: inflation and inflation is hurting people all across the country. 115 00:06:38,600 --> 00:06:42,680 Speaker 3: And it varies poll to poll whether illegal immigration is 116 00:06:42,720 --> 00:06:46,520 Speaker 3: one and economy inflation is two, or whether economy inflation 117 00:06:46,680 --> 00:06:49,480 Speaker 3: is one and illegal immigration is two, but those are 118 00:06:49,520 --> 00:06:52,719 Speaker 3: consistently one and two. They're both at about thirty percent, 119 00:06:52,760 --> 00:06:54,760 Speaker 3: by the way, in a typical poll in terms of 120 00:06:54,920 --> 00:06:57,440 Speaker 3: how many of the voters say this is my top concern, 121 00:06:57,720 --> 00:07:01,880 Speaker 3: so the two together are about sixty percent, and Kamala's 122 00:07:01,920 --> 00:07:04,200 Speaker 3: record on them, on both of them is terrible. Now 123 00:07:04,200 --> 00:07:07,400 Speaker 3: on the border, her strategy is simple. She's just trying 124 00:07:07,440 --> 00:07:09,720 Speaker 3: to gaslight the American people and claim she wasn't the 125 00:07:09,720 --> 00:07:12,280 Speaker 3: borders are, it's not her fault, pay no attention to 126 00:07:12,320 --> 00:07:14,360 Speaker 3: what's going on here. So it's just denial. Because she 127 00:07:14,360 --> 00:07:18,880 Speaker 3: has no other answer on inflation. This is her effort 128 00:07:18,920 --> 00:07:22,440 Speaker 3: to provide an answer. Now, I want to explain where 129 00:07:22,480 --> 00:07:25,400 Speaker 3: inflation comes from first, and then what's wrong with her 130 00:07:25,960 --> 00:07:30,240 Speaker 3: bogus political solution. What has caused the inflation of the 131 00:07:30,280 --> 00:07:34,560 Speaker 3: last four years, And it's been two things. Principally, Number one, 132 00:07:34,760 --> 00:07:40,040 Speaker 3: it has been the federal government spending trillions of dollars 133 00:07:40,080 --> 00:07:43,520 Speaker 3: we don't have, borrowing trillions of dollars we don't have 134 00:07:43,560 --> 00:07:47,520 Speaker 3: from foreign countries, including China, and printing trillions of dollars 135 00:07:47,600 --> 00:07:53,640 Speaker 3: we don't have. And this is where it's important to understand. Listen, Democrats, 136 00:07:53,760 --> 00:08:00,880 Speaker 3: unfortunately in Washington, are economically illiterate. That's a real problem 137 00:08:00,960 --> 00:08:04,160 Speaker 3: because one of the major jobs of serving in the 138 00:08:04,160 --> 00:08:07,480 Speaker 3: federal government is to understand the economy. My number one 139 00:08:07,520 --> 00:08:09,400 Speaker 3: priority in the Senate is jobs. You have to know 140 00:08:09,480 --> 00:08:12,120 Speaker 3: something about the economy to be able to fight for 141 00:08:12,280 --> 00:08:16,000 Speaker 3: jobs for thirty million Texans. Now, what is the role 142 00:08:16,080 --> 00:08:19,280 Speaker 3: of prices. And let's go back to first principles. All right, 143 00:08:19,320 --> 00:08:23,800 Speaker 3: if you go to ancient agrarian societies, maybe Ben, you 144 00:08:24,040 --> 00:08:28,800 Speaker 3: might be a fisherman and I might be a farmer. 145 00:08:28,840 --> 00:08:32,280 Speaker 3: And let's say I grow apples, and maybe it's the 146 00:08:32,320 --> 00:08:38,320 Speaker 3: case that initially exchanges were done by barter. So let's 147 00:08:38,360 --> 00:08:40,120 Speaker 3: say I wanted a fish, and you were a fisherman, 148 00:08:40,760 --> 00:08:43,040 Speaker 3: and I could come and I could give you three apples, 149 00:08:44,080 --> 00:08:46,520 Speaker 3: and you could give me a fish, and you and 150 00:08:46,559 --> 00:08:48,760 Speaker 3: I could agree. I guess I had a lot of apples. 151 00:08:48,920 --> 00:08:50,920 Speaker 3: Fish were harder to come by, they took more effort, 152 00:08:51,120 --> 00:08:53,320 Speaker 3: they took more labor, they took more capital. You needed 153 00:08:53,360 --> 00:08:55,520 Speaker 3: a boat to be able to get your fish. So 154 00:08:55,760 --> 00:08:58,360 Speaker 3: we would agree on a price of three apples for 155 00:08:58,440 --> 00:09:00,600 Speaker 3: one fish. And so that's how we set the relative 156 00:09:00,679 --> 00:09:03,640 Speaker 3: value of the two things we were producing. The problem 157 00:09:03,679 --> 00:09:07,560 Speaker 3: is it was really inconvenient to carry around apples in 158 00:09:07,600 --> 00:09:09,480 Speaker 3: your pocket all day long or fish in your pocket 159 00:09:09,520 --> 00:09:11,520 Speaker 3: all day long, aside from the fact that it kind 160 00:09:11,520 --> 00:09:15,840 Speaker 3: of stinks and they go rotten. And so what arose 161 00:09:16,120 --> 00:09:20,600 Speaker 3: is the growth of money. Now the value of money 162 00:09:20,840 --> 00:09:24,040 Speaker 3: is prices serve as a signaling effect. Now they serve 163 00:09:24,080 --> 00:09:27,720 Speaker 3: as a signaling effect. Number one, the relative value of 164 00:09:27,800 --> 00:09:31,840 Speaker 3: goods and services visa each other. They also have a 165 00:09:31,840 --> 00:09:33,920 Speaker 3: different signaling effect, which I'll discuss in a minute, but 166 00:09:34,000 --> 00:09:37,199 Speaker 3: let's just focus on the relative value. So if we 167 00:09:37,280 --> 00:09:39,880 Speaker 3: come up with let's say a dollar, that's going to 168 00:09:39,920 --> 00:09:43,880 Speaker 3: be our medium of currency. And if the ratio was 169 00:09:44,160 --> 00:09:47,720 Speaker 3: three apples to every fish, it would be very simple. 170 00:09:47,760 --> 00:09:50,280 Speaker 3: We would agree that the price of a fish is 171 00:09:50,320 --> 00:09:53,880 Speaker 3: three dollars and the price of an apple is one dollar. 172 00:09:53,920 --> 00:09:56,200 Speaker 3: Now that's that same ratio. It's the identical thing you 173 00:09:56,240 --> 00:09:58,920 Speaker 3: and I have agreed. That's the relative value of the two. 174 00:09:59,000 --> 00:10:01,000 Speaker 3: But the beauty of it is we could both carry dollars, 175 00:10:01,320 --> 00:10:03,480 Speaker 3: and we knew if I wanted a fish, I gave 176 00:10:03,520 --> 00:10:05,760 Speaker 3: you three bucks. If you wanted an apple, you gave 177 00:10:05,800 --> 00:10:07,000 Speaker 3: me a dollar. By the way, you didn't have to 178 00:10:07,040 --> 00:10:08,440 Speaker 3: give me a third of a fish, like giving me 179 00:10:08,480 --> 00:10:10,440 Speaker 3: the fish head is kind of lousy. You could just 180 00:10:10,440 --> 00:10:11,800 Speaker 3: give me a dollar and that was a third of 181 00:10:11,800 --> 00:10:14,480 Speaker 3: the value of the fish. So it was also divisible 182 00:10:14,520 --> 00:10:19,480 Speaker 3: to smaller units, and it enabled exchange and trade. Now, 183 00:10:19,520 --> 00:10:22,959 Speaker 3: to understand inflation at the very simplest level, let's the 184 00:10:23,160 --> 00:10:26,280 Speaker 3: entire purpose of money, or one of the central purposes 185 00:10:26,400 --> 00:10:28,520 Speaker 3: entires a bit much. But one of the central purposes 186 00:10:29,080 --> 00:10:33,560 Speaker 3: is providing a relative valuation of one good in service 187 00:10:33,640 --> 00:10:38,160 Speaker 3: versus another. In a simple hypothetical, let's assume we double 188 00:10:38,920 --> 00:10:42,480 Speaker 3: the number of dollars that exists in our land, our country, 189 00:10:42,520 --> 00:10:43,360 Speaker 3: wherever we're living. 190 00:10:43,960 --> 00:10:44,920 Speaker 1: Let's say there are. 191 00:10:44,800 --> 00:10:47,640 Speaker 3: A million dollars in circulation on day one, and then 192 00:10:47,679 --> 00:10:51,240 Speaker 3: on day two there are two million dollars. Now, if 193 00:10:51,280 --> 00:10:54,880 Speaker 3: you double the number of dollars in circulation, look, the 194 00:10:54,920 --> 00:10:58,480 Speaker 3: relative value of a fish to an apple didn't change. 195 00:10:58,559 --> 00:11:01,520 Speaker 3: You and I still agree a fish is worth three 196 00:11:01,559 --> 00:11:04,439 Speaker 3: times as much as an apple, Which means if there 197 00:11:04,440 --> 00:11:07,360 Speaker 3: are twice as many dollars, and the dollars are serving 198 00:11:07,400 --> 00:11:10,280 Speaker 3: a signaling function to let me know how valuable a 199 00:11:10,320 --> 00:11:13,120 Speaker 3: fish is compared to how valuable an apple is. It 200 00:11:13,240 --> 00:11:15,240 Speaker 3: means when you double the money supply and you go 201 00:11:15,280 --> 00:11:17,640 Speaker 3: from a million dollars in circulation to two million dollars 202 00:11:17,679 --> 00:11:20,600 Speaker 3: in circulation, you know what the price of a fish 203 00:11:20,679 --> 00:11:23,000 Speaker 3: is the next day six dollars. You know what the 204 00:11:23,000 --> 00:11:26,439 Speaker 3: price of an apple is two dollars. Why because the 205 00:11:26,559 --> 00:11:29,280 Speaker 3: ratio of six dollars to two dollars is still three 206 00:11:29,320 --> 00:11:33,760 Speaker 3: to one. And we also want to be able to 207 00:11:33,880 --> 00:11:37,000 Speaker 3: value the price of a fish and an apple, visa 208 00:11:37,080 --> 00:11:40,480 Speaker 3: viv a banana, visa v an F one to fifty 209 00:11:40,520 --> 00:11:45,880 Speaker 3: pickup truck, and so you need pricing gives relative values. 210 00:11:46,320 --> 00:11:48,880 Speaker 3: Why do we have inflation? There were two major drivers. 211 00:11:48,960 --> 00:11:52,040 Speaker 3: Number One, the Democrats spend a crap ton of money 212 00:11:52,040 --> 00:11:54,240 Speaker 3: they didn't have, and they grew the money supply. There 213 00:11:54,240 --> 00:11:56,120 Speaker 3: are a lot more dollars. If there are a lot 214 00:11:56,160 --> 00:11:59,360 Speaker 3: more dollars, the price of everything goes up. But secondly, 215 00:11:59,840 --> 00:12:03,200 Speaker 3: there is a second component of inflation, which is for 216 00:12:03,280 --> 00:12:06,600 Speaker 3: four years, Kamala Harris and Joe Biden have waged a 217 00:12:06,720 --> 00:12:10,600 Speaker 3: war on energy and in particular oil and gas. And 218 00:12:10,679 --> 00:12:15,120 Speaker 3: understand oil and gas. The United States is the world's 219 00:12:15,320 --> 00:12:20,160 Speaker 3: biggest producer of oil and gas. We are the world's 220 00:12:20,200 --> 00:12:25,599 Speaker 3: greatest superpower when it comes to oil and gas. This administration, 221 00:12:25,760 --> 00:12:28,439 Speaker 3: because they've given in to the Green New Deal lunatics, 222 00:12:28,440 --> 00:12:30,560 Speaker 3: and in fact not just give it in, they've embraced them, 223 00:12:30,600 --> 00:12:34,960 Speaker 3: and that's who they are. They have launched regulatory effort 224 00:12:35,000 --> 00:12:39,720 Speaker 3: after regulatory effort trying to hammer US oil and gas production. 225 00:12:39,840 --> 00:12:43,160 Speaker 3: The result has been the price of gasoline has risen, 226 00:12:43,200 --> 00:12:46,800 Speaker 3: the price of energy has risen. The price of oil 227 00:12:46,840 --> 00:12:49,520 Speaker 3: and gas across the board has risen. That is their 228 00:12:49,559 --> 00:12:54,200 Speaker 3: intended effect. Why because Kamala Harris and Joe Biden want 229 00:12:54,200 --> 00:12:56,800 Speaker 3: to make it really expensive when you fill up your 230 00:12:56,880 --> 00:12:58,959 Speaker 3: pickup truck, when you fill up your minivan, when you 231 00:12:59,040 --> 00:13:01,920 Speaker 3: fill up your suburban. They want it to be painful 232 00:13:02,640 --> 00:13:05,719 Speaker 3: because they want you to sell your suburban and go 233 00:13:05,760 --> 00:13:08,160 Speaker 3: buy a little electric vehicle. And they figure if they 234 00:13:08,200 --> 00:13:11,960 Speaker 3: make enough American families hurt, then you will change your 235 00:13:12,000 --> 00:13:16,199 Speaker 3: behavior and you will comply with their woke political demands. 236 00:13:16,480 --> 00:13:21,480 Speaker 3: Now that war on energy is a major, major driver 237 00:13:22,240 --> 00:13:25,680 Speaker 3: of inflation. Let's take food. So when it comes to food, 238 00:13:26,040 --> 00:13:28,360 Speaker 3: a big driver of the cost of food is the 239 00:13:28,440 --> 00:13:31,920 Speaker 3: cost of fertilizer, and fertilizer natural gas is a major 240 00:13:32,080 --> 00:13:35,520 Speaker 3: ingredient energy costs or a major ingredient in the cost 241 00:13:35,600 --> 00:13:38,400 Speaker 3: of fertilizer. And so by driving up the cost of energy, 242 00:13:38,720 --> 00:13:41,240 Speaker 3: they're driving up the cost of growing food. But not 243 00:13:41,320 --> 00:13:44,880 Speaker 3: just growing food. Look, if you want to plow your 244 00:13:44,880 --> 00:13:47,480 Speaker 3: field right now, a farmer uses a tractor. A tractor 245 00:13:47,559 --> 00:13:50,040 Speaker 3: runs on diesel. If the cost of diesel is a 246 00:13:50,040 --> 00:13:52,400 Speaker 3: lot more. It's a lot more expensive to plow your field. 247 00:13:52,800 --> 00:13:55,240 Speaker 3: Once you plow your field, you've got to harvest your field. 248 00:13:55,320 --> 00:13:57,960 Speaker 3: That again takes diesel. That becomes a lot more expensive. 249 00:13:58,280 --> 00:14:00,280 Speaker 3: Then after you harvest it, you've got to take it 250 00:14:00,320 --> 00:14:03,160 Speaker 3: to the wholesaler. The wholesaler has to take it ultimately 251 00:14:03,200 --> 00:14:05,880 Speaker 3: to the grocery store. Every one of those trucks runs 252 00:14:05,880 --> 00:14:08,720 Speaker 3: on diesel as well, and so by waging a war 253 00:14:08,800 --> 00:14:12,679 Speaker 3: on oil and gas, Kamala Harris is directly responsible for 254 00:14:12,760 --> 00:14:17,280 Speaker 3: causing a massive increase in the cost of food at 255 00:14:17,280 --> 00:14:21,960 Speaker 3: the grocery store. Now she's got a political problem. This thing, 256 00:14:22,040 --> 00:14:24,840 Speaker 3: which millions of Americans hate because it's hurting their families 257 00:14:25,520 --> 00:14:28,640 Speaker 3: is her fault. It is her fault because of bad 258 00:14:28,760 --> 00:14:31,600 Speaker 3: policies that she is championed day in and day out 259 00:14:31,640 --> 00:14:34,880 Speaker 3: for four years. She can't admit any of that. So instead, 260 00:14:34,920 --> 00:14:40,160 Speaker 3: what is their solution. The government will magically decree prices 261 00:14:40,200 --> 00:14:45,760 Speaker 3: will be lower. You must lower prices politically. This is 262 00:14:45,840 --> 00:14:49,480 Speaker 3: driven by a mandate to have some answer to inflation, 263 00:14:49,880 --> 00:14:52,120 Speaker 3: and she can't give the answer. I'm going to stop 264 00:14:52,160 --> 00:14:56,520 Speaker 3: my terrible policies that cause this inflation. So instead wave 265 00:14:56,560 --> 00:15:00,240 Speaker 3: a magic amount wand the government will fix it out. 266 00:15:01,000 --> 00:15:02,840 Speaker 3: In a minute, we'll get to the substance. But her 267 00:15:02,880 --> 00:15:06,960 Speaker 3: solution is an absolute train wreck. It is a disaster. 268 00:15:07,160 --> 00:15:11,680 Speaker 3: It would hurt the American people badly. But understand, she 269 00:15:11,800 --> 00:15:16,080 Speaker 3: doesn't know this far. Too few Democrats in Washington have 270 00:15:16,280 --> 00:15:20,320 Speaker 3: even a basic understanding of economics, and so their answer is, 271 00:15:20,920 --> 00:15:24,600 Speaker 3: we will just decree no longer will fish, and my 272 00:15:24,680 --> 00:15:28,800 Speaker 3: hypothetical will be three dollars. Now, mister Ferguson, you must 273 00:15:28,800 --> 00:15:33,800 Speaker 3: sell fish for a dollar because people like fish, and 274 00:15:33,840 --> 00:15:36,600 Speaker 3: three dollars is too much for a fish, so you 275 00:15:36,760 --> 00:15:38,320 Speaker 3: must sell fish for a dollar. 276 00:15:38,400 --> 00:15:39,520 Speaker 1: That is her answer. 277 00:15:40,760 --> 00:15:45,360 Speaker 3: History teaches us in every society that has tried this, 278 00:15:46,320 --> 00:15:52,280 Speaker 3: from the Soviet Union to Venezuela, it is a disaster. 279 00:15:52,480 --> 00:15:57,040 Speaker 3: It doesn't work, It results in massive shortages, it results 280 00:15:57,080 --> 00:16:02,280 Speaker 3: in consumers getting royally screwed. And yet Kamala Harris and 281 00:16:02,280 --> 00:16:04,680 Speaker 3: the people around her have no idea about this. 282 00:16:05,480 --> 00:16:07,080 Speaker 2: All right, I want to take a moment to tell 283 00:16:07,120 --> 00:16:10,440 Speaker 2: you about something that is incredible, especially if you're a 284 00:16:10,440 --> 00:16:13,000 Speaker 2: big advocate of the Second Amendment just like I am. 285 00:16:13,520 --> 00:16:17,720 Speaker 2: And that is a special opportunity from bond arms to 286 00:16:17,840 --> 00:16:21,120 Speaker 2: buy something that you're going to keep forever. 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That's get bondarms dot com today 307 00:17:36,400 --> 00:17:40,879 Speaker 2: to see this incredible firearm that well celebrates Donald Trump. 308 00:17:41,560 --> 00:17:44,840 Speaker 2: Let's talk about how this how quickly this can unravel 309 00:17:45,040 --> 00:17:48,280 Speaker 2: the idea and look, I understand this is another way 310 00:17:48,320 --> 00:17:51,800 Speaker 2: of in essence Biden and Harris. All right, I should 311 00:17:51,840 --> 00:17:54,280 Speaker 2: now just say Harris is trying to buy votes. Hey, 312 00:17:54,359 --> 00:17:58,400 Speaker 2: vote for me. I'll give you cheaper food with guaranteed pricing. 313 00:17:58,880 --> 00:18:02,800 Speaker 2: But the collapse apps of the private sector can literally 314 00:18:02,880 --> 00:18:05,640 Speaker 2: happen overnight. I go back to COVID is a great 315 00:18:05,680 --> 00:18:09,800 Speaker 2: example of this. The entire system would have fallen instantly 316 00:18:10,359 --> 00:18:13,240 Speaker 2: if you had price mandates. That meant that the people 317 00:18:13,280 --> 00:18:17,000 Speaker 2: that were producing, whether it's whether it's dealing with cattle 318 00:18:17,480 --> 00:18:22,840 Speaker 2: or chicken, or eggs or milk, dairy, whatever, grain, everything, 319 00:18:22,880 --> 00:18:26,399 Speaker 2: we saw the prices go up. And if you have 320 00:18:26,520 --> 00:18:29,960 Speaker 2: a set price at hey, farmer, you have to sell 321 00:18:30,000 --> 00:18:33,600 Speaker 2: a pound of ground beefit a dollar ninety nine, and 322 00:18:33,640 --> 00:18:37,160 Speaker 2: then it's costing you three point fifty four five dollars produce. 323 00:18:38,080 --> 00:18:41,440 Speaker 2: You're out of business instantly. It all shuts down instantly. 324 00:18:41,480 --> 00:18:44,879 Speaker 2: You can't you can't run in deficits like that on 325 00:18:45,080 --> 00:18:48,240 Speaker 2: end because the government tells you must sell your dozen 326 00:18:48,280 --> 00:18:50,320 Speaker 2: eggs for a buck fifty when it's cost you three 327 00:18:50,400 --> 00:18:52,120 Speaker 2: twenty five because of grain prices. 328 00:18:53,760 --> 00:18:54,920 Speaker 1: That is exactly right. 329 00:18:55,240 --> 00:18:58,520 Speaker 3: And what you're touching on now is a second very 330 00:18:58,560 --> 00:19:01,359 Speaker 3: important function of prices. So when I was first laying 331 00:19:01,359 --> 00:19:02,880 Speaker 3: this out, and let me just say as it aside, 332 00:19:03,119 --> 00:19:04,719 Speaker 3: this is one of the reasons I like doing this 333 00:19:04,800 --> 00:19:08,000 Speaker 3: podcast is we actually get into substance. Like like if 334 00:19:08,040 --> 00:19:11,480 Speaker 3: you're watching the news on CNN, they don't cover substance 335 00:19:11,960 --> 00:19:14,120 Speaker 3: that they just engage in political propaganda. 336 00:19:14,640 --> 00:19:16,359 Speaker 1: And this podcast. 337 00:19:16,359 --> 00:19:18,080 Speaker 3: One of the things I love about our listeners is 338 00:19:18,080 --> 00:19:21,320 Speaker 3: our listeners run the gamut in terms of age, in 339 00:19:21,400 --> 00:19:23,800 Speaker 3: terms of experience. So we've got some people that listen 340 00:19:23,880 --> 00:19:27,720 Speaker 3: to this who are PhD economists and university professors. That's great, 341 00:19:28,119 --> 00:19:30,480 Speaker 3: they understand everything I'm saying. We've got other people. We 342 00:19:30,560 --> 00:19:32,680 Speaker 3: have We have high school kids and even junior high 343 00:19:32,720 --> 00:19:35,360 Speaker 3: kids who listened to the We we have college students, 344 00:19:35,400 --> 00:19:38,520 Speaker 3: we have young professionals. We have people some who study economics, 345 00:19:38,520 --> 00:19:42,159 Speaker 3: others who who are lawyers, others who are doctors, others 346 00:19:42,200 --> 00:19:46,520 Speaker 3: who are who are working mowing lawns. I mean, we 347 00:19:46,880 --> 00:19:52,080 Speaker 3: have the entire array of listeners. What unifies verdict listeners 348 00:19:52,119 --> 00:19:54,560 Speaker 3: is they actually care about the truth and they want 349 00:19:54,560 --> 00:19:57,000 Speaker 3: to know the truth and they're interested. You and I 350 00:19:57,040 --> 00:19:59,479 Speaker 3: have talked about the fact that my wife, Heidi, listens 351 00:19:59,600 --> 00:20:03,639 Speaker 3: regular to this podcast. Now I've been married now twenty 352 00:20:03,640 --> 00:20:05,679 Speaker 3: three years. It's not easy to get your wife to 353 00:20:05,720 --> 00:20:09,359 Speaker 3: listen to anything you do. But the reason she tells 354 00:20:09,400 --> 00:20:10,280 Speaker 3: me she listens to it. 355 00:20:10,960 --> 00:20:13,520 Speaker 1: Yeah, I mean, I know, you know, you just hope 356 00:20:13,560 --> 00:20:15,399 Speaker 1: me up. Trust me. I'm on the same We're on 357 00:20:15,440 --> 00:20:17,119 Speaker 1: the same boat on this one, my friend. 358 00:20:17,400 --> 00:20:19,479 Speaker 3: But you know why Heidi says she listens to it. 359 00:20:19,600 --> 00:20:22,640 Speaker 3: She says she learns things. It's actually useful and helpful 360 00:20:22,640 --> 00:20:24,479 Speaker 3: to her on a topic. 361 00:20:24,560 --> 00:20:25,080 Speaker 2: And so. 362 00:20:26,720 --> 00:20:30,280 Speaker 3: Let's talk about the second function of prices. One is 363 00:20:30,320 --> 00:20:32,560 Speaker 3: the relative value of one good or service visa of 364 00:20:32,560 --> 00:20:35,720 Speaker 3: the another. But another function, how is a price determined? 365 00:20:35,720 --> 00:20:38,360 Speaker 3: And it's determined? So you learn this when you take 366 00:20:38,600 --> 00:20:44,520 Speaker 3: economics one oh one. Typically that's like an introductory college course. Uh. 367 00:20:45,080 --> 00:20:48,640 Speaker 3: A price is determined from the intersection of two lines. 368 00:20:49,359 --> 00:20:52,720 Speaker 3: One line is supply and one line is demand. Now 369 00:20:52,720 --> 00:20:55,240 Speaker 3: what does that mean. Let's explain this in simple terms. 370 00:20:56,080 --> 00:20:59,840 Speaker 3: Let's go back to the fish example. In the fish example, 371 00:20:59,880 --> 00:21:03,280 Speaker 3: you are Ben Ferguson is providing the supply of fish. 372 00:21:03,280 --> 00:21:08,080 Speaker 3: You're out there fishing every day. Now a price the 373 00:21:08,800 --> 00:21:14,760 Speaker 3: supply line is sloped upwards, which means the higher the price, 374 00:21:15,720 --> 00:21:19,960 Speaker 3: the more fish you're going to supply. Why is that 375 00:21:20,040 --> 00:21:25,400 Speaker 3: If fish are suddenly ten bucks apiece, Ben, you're gonna say, hot, 376 00:21:25,400 --> 00:21:29,160 Speaker 3: diggity damn, people like them some fish. Maybe sushi became popular. 377 00:21:29,160 --> 00:21:32,080 Speaker 3: I don't know what it is. They want fish. I 378 00:21:32,200 --> 00:21:34,159 Speaker 3: sell a fish, I get ten bucks. That means I 379 00:21:34,200 --> 00:21:36,120 Speaker 3: get to buy all sorts of other stuff I really 380 00:21:36,160 --> 00:21:40,160 Speaker 3: care about. And so maybe Ben, you had one fishing boat, 381 00:21:40,880 --> 00:21:43,640 Speaker 3: but fish went up to ten dollars, You're like, we're 382 00:21:43,640 --> 00:21:47,080 Speaker 3: going to expl expand supply because this price is really 383 00:21:47,119 --> 00:21:49,440 Speaker 3: attractive to me. I'm going to go buy me two 384 00:21:49,440 --> 00:21:51,840 Speaker 3: other boats because I want to make more fish. Because 385 00:21:51,840 --> 00:21:54,600 Speaker 3: at ten bucks of fish, it's really profitable. So supply 386 00:21:54,720 --> 00:21:57,720 Speaker 3: will increase if the price goes up. On the other hand, 387 00:21:58,680 --> 00:22:01,320 Speaker 3: if the price goes down down, if suddenly instead of 388 00:22:01,359 --> 00:22:05,000 Speaker 3: three bucks for fish, fish is a dollar at a minimum, 389 00:22:05,080 --> 00:22:07,119 Speaker 3: you're going to say, you know, I'm not interested in 390 00:22:07,119 --> 00:22:09,639 Speaker 3: investing any more capital in this business. I'm definitely not 391 00:22:09,680 --> 00:22:12,080 Speaker 3: buying another vote, and I might not even be able 392 00:22:12,160 --> 00:22:15,000 Speaker 3: to survive in this business because the price has gotten 393 00:22:15,040 --> 00:22:18,480 Speaker 3: so low. So the price gives a signaling effect to 394 00:22:18,560 --> 00:22:23,360 Speaker 3: the producers of how much to invest in producing the product. 395 00:22:23,400 --> 00:22:26,520 Speaker 3: In any business, in any product, there are two and 396 00:22:26,600 --> 00:22:32,000 Speaker 3: only two inputs, labor and capital. Labor is maybe you 397 00:22:32,160 --> 00:22:35,840 Speaker 3: hire three other fishermen. That's one way of increasing your production. 398 00:22:35,920 --> 00:22:38,240 Speaker 3: If you had one fisherman and you hired two more, 399 00:22:38,280 --> 00:22:41,840 Speaker 3: you're going to produce more fish. Another way of increasing 400 00:22:41,960 --> 00:22:45,719 Speaker 3: your production is more capital. You get two more boats. 401 00:22:46,040 --> 00:22:50,120 Speaker 3: That's another way of producing more capital. It is the 402 00:22:50,200 --> 00:22:54,639 Speaker 3: price that gives you the instantaneous signaling effect to know 403 00:22:54,920 --> 00:22:57,159 Speaker 3: do I need to invest more or less in my 404 00:22:57,200 --> 00:22:59,600 Speaker 3: fishing business. By the way, if the price stays at 405 00:22:59,600 --> 00:23:03,560 Speaker 3: ten minus fish, I might decide screw it with these apples. 406 00:23:03,760 --> 00:23:06,359 Speaker 3: I'm getting me a boat. I'm getting into the fishing business. 407 00:23:06,400 --> 00:23:08,360 Speaker 3: I'm tired of a dollar an apple for apples. 408 00:23:08,640 --> 00:23:08,920 Speaker 1: Now. 409 00:23:09,720 --> 00:23:14,240 Speaker 3: The other line on the graph is the demand curve, 410 00:23:14,320 --> 00:23:18,120 Speaker 3: and the demand curve slopes downward, And what that means 411 00:23:18,960 --> 00:23:23,359 Speaker 3: is the higher the price, the less demand. So if 412 00:23:23,480 --> 00:23:27,280 Speaker 3: fish or a hundred bucks of fish, I may love 413 00:23:27,359 --> 00:23:29,960 Speaker 3: me some fish like, Oh, it's delicious stuff. 414 00:23:29,960 --> 00:23:30,439 Speaker 1: I love it. 415 00:23:30,760 --> 00:23:32,840 Speaker 3: But at a hundred bucks, you know what, I'm eating 416 00:23:32,840 --> 00:23:35,000 Speaker 3: the apples. I don't want any fish at a hundred bucks. 417 00:23:35,040 --> 00:23:37,080 Speaker 3: I can't afford it. Nope, I am not in the 418 00:23:37,080 --> 00:23:40,399 Speaker 3: fish business if it's a hundred bucks. So in my hypothetical, 419 00:23:40,480 --> 00:23:43,480 Speaker 3: let's assume at a hundred bucks, demand for fish is zero 420 00:23:44,000 --> 00:23:46,000 Speaker 3: because no one can afford it, or it's so high 421 00:23:46,040 --> 00:23:48,880 Speaker 3: they don't want it. Now, as the price of fish 422 00:23:48,920 --> 00:23:51,439 Speaker 3: gets cheaper and cheaper and cheaper, if fish is three bucks, 423 00:23:51,440 --> 00:23:52,960 Speaker 3: I may say, all right, I like fish. Maybe I 424 00:23:53,000 --> 00:23:55,120 Speaker 3: go have fish once a week or twice a week. 425 00:23:55,160 --> 00:23:57,040 Speaker 3: That's what I feed my family. It's a good choice. 426 00:23:57,359 --> 00:23:59,600 Speaker 3: And a fish get even cheaper than that fish dropped 427 00:23:59,640 --> 00:24:02,480 Speaker 3: to a do I might say, you know what, even 428 00:24:02,520 --> 00:24:06,560 Speaker 3: though I like beef, if I can't afford beef anymore 429 00:24:06,600 --> 00:24:08,920 Speaker 3: and fish has suddenly become really expensive, I'm going to 430 00:24:08,960 --> 00:24:13,760 Speaker 3: have fish five days a week. And so demand responds 431 00:24:13,800 --> 00:24:17,600 Speaker 3: to price. The lower price gets typically the more demand increases. 432 00:24:18,119 --> 00:24:20,359 Speaker 3: And if you look at it as an economic and 433 00:24:20,440 --> 00:24:24,760 Speaker 3: mathematical matter, the price is the intersection between those two 434 00:24:24,840 --> 00:24:30,119 Speaker 3: lines between supply and demand. Now, why is Kamala Harris's 435 00:24:30,160 --> 00:24:35,840 Speaker 3: Soviet price fixing such a bad idea because history has 436 00:24:35,880 --> 00:24:42,800 Speaker 3: told us that government bureaucrats, all government bureaucrats are absolutely 437 00:24:43,119 --> 00:24:48,639 Speaker 3: terrible at fixing prices. And there's a reason, frankly, nobody 438 00:24:48,760 --> 00:24:51,480 Speaker 3: is smart enough to do this, right, You're not, I'm not. 439 00:24:51,680 --> 00:24:55,000 Speaker 3: Nobody is if you look at free enterprise, you look 440 00:24:55,000 --> 00:24:58,400 Speaker 3: at capitalism, you look at the market, Supply and demand 441 00:24:58,480 --> 00:25:03,280 Speaker 3: are responding to milli millions of factors simultaneously to set 442 00:25:03,280 --> 00:25:08,920 Speaker 3: the price, and those prices change the behavior. So if 443 00:25:08,920 --> 00:25:11,480 Speaker 3: you're a fisherman and the cost of your inputs go up, 444 00:25:11,560 --> 00:25:15,280 Speaker 3: suppose you use fishing nets and the cost of fishing 445 00:25:15,320 --> 00:25:20,760 Speaker 3: nets go from ten dollars to twenty dollars. That's an input, 446 00:25:20,840 --> 00:25:22,400 Speaker 3: you know, and you're like, okay, I got to buy 447 00:25:22,400 --> 00:25:25,120 Speaker 3: fishing nets. My nets are more expensive, so I have 448 00:25:25,200 --> 00:25:28,639 Speaker 3: to raise the price. You respond instantaneously to that, you 449 00:25:28,680 --> 00:25:32,359 Speaker 3: know what. Nobody in government is smart enough to know that, 450 00:25:34,040 --> 00:25:36,720 Speaker 3: and Kamala Harris most certainly is not smart enough to 451 00:25:36,720 --> 00:25:38,719 Speaker 3: know that. So what happens. What the Soviet Union did 452 00:25:38,760 --> 00:25:41,280 Speaker 3: all the time is they would set a price, and 453 00:25:41,400 --> 00:25:43,480 Speaker 3: usually they'd set it too low because by the way. 454 00:25:43,720 --> 00:25:46,240 Speaker 3: Government's incentive is always to give away free stuff. So 455 00:25:46,400 --> 00:25:49,080 Speaker 3: if a normal free market price for a fish was 456 00:25:49,119 --> 00:25:52,639 Speaker 3: three bucks, a politician that wants to be popular is 457 00:25:52,680 --> 00:25:55,399 Speaker 3: going to say a dollar fish for everyone. Look how 458 00:25:55,440 --> 00:25:58,320 Speaker 3: generous I am. And what will happen is what you 459 00:25:58,440 --> 00:26:01,600 Speaker 3: started by saying. Ben in this hypothetical. If it's a 460 00:26:01,640 --> 00:26:04,360 Speaker 3: dollar fish and you discover you can't afford the cost 461 00:26:04,440 --> 00:26:06,720 Speaker 3: to your boat, you can't afford to pay your fishermen, 462 00:26:06,760 --> 00:26:08,800 Speaker 3: you can't afford to buy nets, you know what you're 463 00:26:08,840 --> 00:26:10,720 Speaker 3: gonna do. You're gonna go out of business. And the 464 00:26:10,800 --> 00:26:14,119 Speaker 3: result is no fish. And we saw that the Soviet 465 00:26:14,240 --> 00:26:17,440 Speaker 3: Union in their stores where people would go and they'd 466 00:26:17,480 --> 00:26:20,200 Speaker 3: want rice, they'd want food, they want beans, they'd want fish, 467 00:26:20,200 --> 00:26:23,560 Speaker 3: they'd want apples, and it wasn't there because the government 468 00:26:23,680 --> 00:26:26,240 Speaker 3: that set the price so low that it put people 469 00:26:26,240 --> 00:26:26,880 Speaker 3: out of business. 470 00:26:28,240 --> 00:26:31,240 Speaker 2: The other part that is, and I encourage people show 471 00:26:31,320 --> 00:26:34,480 Speaker 2: this to your kids and your grandkids. You can go 472 00:26:34,640 --> 00:26:38,240 Speaker 2: back and just google supermarkets in Russia or in the 473 00:26:38,320 --> 00:26:43,320 Speaker 2: USSR and you can see extremely long lines and zero selection. 474 00:26:43,640 --> 00:26:48,040 Speaker 2: You got whatever they had, and food that you and 475 00:26:48,080 --> 00:26:51,280 Speaker 2: I would never purchase in the United States of America. 476 00:26:51,280 --> 00:26:53,959 Speaker 2: In fact, it would never be allowed to be sold 477 00:26:55,080 --> 00:26:58,440 Speaker 2: in America with our standards that we have, and that 478 00:26:58,520 --> 00:27:03,960 Speaker 2: became their almost day to day life and reality. That's 479 00:27:04,280 --> 00:27:08,560 Speaker 2: point number one. But there's also a very interesting part 480 00:27:08,560 --> 00:27:11,400 Speaker 2: of history here, and it involves, i think, in such 481 00:27:11,400 --> 00:27:17,040 Speaker 2: a cool way, Houston and NASA, with the USSR leader 482 00:27:17,160 --> 00:27:22,720 Speaker 2: Yeltsin coming to America and he went to NASA and 483 00:27:22,760 --> 00:27:25,800 Speaker 2: then he went to a supermarket. It was an unplanned 484 00:27:25,920 --> 00:27:29,160 Speaker 2: visit to go to this supermarket. It was not far 485 00:27:29,680 --> 00:27:33,639 Speaker 2: from NASA, and he was in total amazement at what 486 00:27:33,720 --> 00:27:34,240 Speaker 2: he saw. 487 00:27:34,920 --> 00:27:38,520 Speaker 3: Well, that's exactly right. And so this was bors Yeltsen 488 00:27:38,680 --> 00:27:40,760 Speaker 3: was the president of Russia. It was nineteen eighty nine, 489 00:27:40,760 --> 00:27:42,879 Speaker 3: and he came to Texas. He came to NASA, and 490 00:27:42,920 --> 00:27:47,320 Speaker 3: then he stopped by a supermarket and he was utterly 491 00:27:47,440 --> 00:27:51,720 Speaker 3: flabbergasted because he looked at the supermarket and he saw 492 00:27:51,760 --> 00:27:58,120 Speaker 3: this incredible array of choices. Houston Chronicle reported Yeltsin, then 493 00:27:58,160 --> 00:28:02,040 Speaker 3: fifty eight years old quote roamed the aisles of Randalls. 494 00:28:02,720 --> 00:28:07,640 Speaker 3: Randall's was popular supermarket chain in Texas, and Houston nodding 495 00:28:07,680 --> 00:28:11,639 Speaker 3: his head in amazement, he told his fellow Russians at 496 00:28:11,680 --> 00:28:15,520 Speaker 3: his entourage that if they're people who must often wait 497 00:28:15,600 --> 00:28:21,080 Speaker 3: in line for most goods, saw the conditions of US supermarkets, quote, 498 00:28:21,840 --> 00:28:28,120 Speaker 3: there would be a revolution, and he was utterly flabbergasted. 499 00:28:28,200 --> 00:28:32,520 Speaker 3: He was used to and so it describes how Yelton 500 00:28:32,600 --> 00:28:36,160 Speaker 3: asked customers about what they were buying and how much 501 00:28:36,200 --> 00:28:40,000 Speaker 3: it cost, later asking the store manager if one needed 502 00:28:40,040 --> 00:28:43,440 Speaker 3: a special education to manage a store. And in the 503 00:28:43,440 --> 00:28:46,000 Speaker 3: photos in the Houston Chronicle, you can see him marveling 504 00:28:46,000 --> 00:28:50,000 Speaker 3: at the produce selection the fresh fish market. We were 505 00:28:50,000 --> 00:28:52,320 Speaker 3: talking about fish. It was literally the price of fish. 506 00:28:52,320 --> 00:28:54,400 Speaker 3: He's looking at it, going wow, wait, you've got salmon, 507 00:28:54,440 --> 00:28:56,400 Speaker 3: You've got tuda, You've got all these different kinds of fish. 508 00:28:56,720 --> 00:29:00,360 Speaker 3: And the checkout counter and he looked especially excited about 509 00:29:00,520 --> 00:29:04,880 Speaker 3: frozen pudding pops. And and here's what he says. He says, 510 00:29:04,960 --> 00:29:11,360 Speaker 3: quote even the Pollit Bureau doesn't have this choice, not 511 00:29:11,560 --> 00:29:16,960 Speaker 3: even mister Gorbachev. And the fact that there were stores 512 00:29:17,040 --> 00:29:21,360 Speaker 3: like this on virtually every street quarter in America amazed him. 513 00:29:21,360 --> 00:29:24,720 Speaker 3: They offered him at Randall's, they offered him free cheese samples, 514 00:29:25,400 --> 00:29:31,680 Speaker 3: and he was shocked. And it played a real role 515 00:29:32,480 --> 00:29:36,720 Speaker 3: in America winning the Cold War, and in convincing him 516 00:29:37,040 --> 00:29:41,600 Speaker 3: that Soviet style price controls doesn't work. And and and 517 00:29:41,880 --> 00:29:46,080 Speaker 3: here let me read what what What What? Yeltson wrote 518 00:29:46,280 --> 00:29:50,200 Speaker 3: in his book that he later wrote, quote, when I 519 00:29:50,240 --> 00:29:56,400 Speaker 3: saw those shelves crammed with hundreds, thousands of cans, cartons, 520 00:29:56,400 --> 00:29:59,560 Speaker 3: and goods of every possible sort, for the first time, 521 00:29:59,720 --> 00:30:04,800 Speaker 3: I felt quite frankly sick with despair for the Soviet people. 522 00:30:05,680 --> 00:30:09,920 Speaker 3: That such a potentially super rich country as ours had 523 00:30:09,960 --> 00:30:13,680 Speaker 3: been brought to a state of such poverty. It is 524 00:30:13,920 --> 00:30:15,880 Speaker 3: terrible to think about it. 525 00:30:16,880 --> 00:30:17,600 Speaker 1: And yet. 526 00:30:18,960 --> 00:30:23,920 Speaker 3: That lesson Kamala Harris hasn't learned, None of her left 527 00:30:23,920 --> 00:30:28,600 Speaker 3: wing little Marxist around her have learned. They just want 528 00:30:28,640 --> 00:30:32,880 Speaker 3: to promise people one dollar fish. And if it doesn't 529 00:30:32,960 --> 00:30:35,960 Speaker 3: work out and suddenly there's no fish, that's not their problem. 530 00:30:36,000 --> 00:30:40,040 Speaker 3: You know what they'll do. They'll blame the greedy fisherman. 531 00:30:40,120 --> 00:30:42,320 Speaker 3: Ben when you shut down your shop because you can't 532 00:30:42,320 --> 00:30:45,760 Speaker 3: afford to sell one dollar fish, They'll say, you're a greedy, 533 00:30:45,960 --> 00:30:49,440 Speaker 3: voracious capitalist, and why are you trying to deny the 534 00:30:49,520 --> 00:30:52,560 Speaker 3: hungry people they're fish? That, sadly is the same thing 535 00:30:52,640 --> 00:30:55,840 Speaker 3: Stalin said, and you know what, if if Kamala were Stalin, 536 00:30:55,880 --> 00:30:57,200 Speaker 3: maybe she'd send you to the Gulac. 537 00:30:58,080 --> 00:31:00,680 Speaker 2: You look at the fact that in twenty twenty four 538 00:31:00,920 --> 00:31:03,800 Speaker 2: we are here at this point where it just seems 539 00:31:03,800 --> 00:31:06,400 Speaker 2: that the new strategy of the left. And I keep 540 00:31:06,440 --> 00:31:08,680 Speaker 2: saying it because I believe it. I think the Democratic 541 00:31:08,680 --> 00:31:11,560 Speaker 2: Party's dead. I think they're filled with communists and Marxists 542 00:31:11,560 --> 00:31:13,440 Speaker 2: and socialists masquerading as Democrats. 543 00:31:13,480 --> 00:31:15,360 Speaker 1: I think that's another data point to that. 544 00:31:15,960 --> 00:31:18,840 Speaker 2: But when you look at this, it just seems like 545 00:31:18,880 --> 00:31:21,280 Speaker 2: their new game plan is, Okay, if we're down in 546 00:31:21,320 --> 00:31:25,280 Speaker 2: the polls, we got to buy bote votes from a sector. 547 00:31:25,360 --> 00:31:26,760 Speaker 1: How do we do it? 548 00:31:27,040 --> 00:31:29,360 Speaker 2: Last time it was all right, we'll just buy votes 549 00:31:29,400 --> 00:31:32,600 Speaker 2: from people that have student loans, right, And that worked 550 00:31:32,600 --> 00:31:33,440 Speaker 2: pretty well for them. 551 00:31:33,640 --> 00:31:36,480 Speaker 3: Yeah, it was successful. They gave away a trillion dollars 552 00:31:36,520 --> 00:31:38,200 Speaker 3: they didn't have. It was illegal for them to give 553 00:31:38,240 --> 00:31:41,240 Speaker 3: They were lying about it, but they were counting on 554 00:31:41,320 --> 00:31:44,040 Speaker 3: young people being foolish and gullible and believing it, and 555 00:31:44,480 --> 00:31:46,240 Speaker 3: at least some did. And by the way, they're trying 556 00:31:46,280 --> 00:31:48,680 Speaker 3: to repeat that same scam again. They're counting on people 557 00:31:48,760 --> 00:31:52,640 Speaker 3: being even more gullible. You know, as the old saying goes, 558 00:31:52,960 --> 00:31:55,200 Speaker 3: there's no learning from the second kick of a mule. 559 00:31:55,320 --> 00:31:58,560 Speaker 3: Joe Biden and Kamala Harris kicked young people once and 560 00:31:58,600 --> 00:32:00,560 Speaker 3: they discovered they were lying with the t a dollar 561 00:32:00,600 --> 00:32:03,360 Speaker 3: student loan giveaway. They're trying to kick them a second time, 562 00:32:03,400 --> 00:32:06,960 Speaker 3: and they're hoping young voters are foolish enough to be 563 00:32:07,000 --> 00:32:08,080 Speaker 3: deceived yet again. 564 00:32:08,480 --> 00:32:09,959 Speaker 1: And if they do go through with this. 565 00:32:10,560 --> 00:32:14,400 Speaker 2: I go back to Obamacare and when it was pretty 566 00:32:14,400 --> 00:32:16,480 Speaker 2: clear that you know, they weren't joking when they said 567 00:32:16,520 --> 00:32:18,520 Speaker 2: we won't know what's in the bill until we passed 568 00:32:18,560 --> 00:32:21,280 Speaker 2: the bill, right, and then they did, and then we 569 00:32:21,360 --> 00:32:25,720 Speaker 2: saw our entire healthcare system up ended overnight. My worry 570 00:32:25,840 --> 00:32:28,360 Speaker 2: is this could happen that quickly as well, except with 571 00:32:28,400 --> 00:32:33,120 Speaker 2: even I think more catastrophic consequences. Because you look at 572 00:32:33,160 --> 00:32:36,960 Speaker 2: the big, big grocery stores. They're in business to make 573 00:32:37,040 --> 00:32:40,720 Speaker 2: money for their shareholders or private equity or families. Right, 574 00:32:41,080 --> 00:32:43,200 Speaker 2: We've already seen the squeezing out of the mom and 575 00:32:43,240 --> 00:32:45,720 Speaker 2: pop grocery stores because they couldn't compete with the prices 576 00:32:45,720 --> 00:32:48,200 Speaker 2: of the big dog. So now we have, you know, 577 00:32:48,480 --> 00:32:52,280 Speaker 2: very few grocers nationwide that have the mass majority of 578 00:32:52,320 --> 00:32:56,640 Speaker 2: the marketplace. But if Harris gets elected and really implements 579 00:32:56,640 --> 00:32:59,920 Speaker 2: this idea, you could see these grocery stores being shit 580 00:33:00,160 --> 00:33:01,040 Speaker 2: down left and right. 581 00:33:02,000 --> 00:33:05,280 Speaker 3: And by the way, it will not be uniformly distributed. 582 00:33:05,320 --> 00:33:07,640 Speaker 3: You know who would be hurt the most by Kamala's 583 00:33:07,680 --> 00:33:09,040 Speaker 3: proposal for price fixing a. 584 00:33:09,080 --> 00:33:13,240 Speaker 2: Food places where there's already quote food deserts and heavy 585 00:33:13,600 --> 00:33:17,760 Speaker 2: highly populated minority communities are those that are poor communities 586 00:33:17,760 --> 00:33:18,120 Speaker 2: as well. 587 00:33:18,120 --> 00:33:21,560 Speaker 3: My god, Ben, it's almost like you understand basic economics. Yeah, 588 00:33:21,680 --> 00:33:22,680 Speaker 3: Kamala doesn't know that. 589 00:33:23,040 --> 00:33:23,360 Speaker 1: Listen. 590 00:33:23,640 --> 00:33:25,600 Speaker 3: I know Kamala well. I served with her for many 591 00:33:25,680 --> 00:33:28,640 Speaker 3: years in the Senate. She has no idea, and you 592 00:33:28,680 --> 00:33:30,480 Speaker 3: and I didn't rehearse this. I didn't know you'd know that. 593 00:33:30,560 --> 00:33:33,040 Speaker 3: I just know you're a really bright guy who understands 594 00:33:33,080 --> 00:33:35,200 Speaker 3: the world, and so I was fairly confident you'd know that. 595 00:33:35,680 --> 00:33:39,240 Speaker 3: She doesn't. If I asked her that same question, she'd like, 596 00:33:39,280 --> 00:33:43,280 Speaker 3: I don't know, what do you mean? And listen, understand, 597 00:33:44,240 --> 00:33:47,280 Speaker 3: even with this price fixing, rich people will be by 598 00:33:47,360 --> 00:33:51,160 Speaker 3: and large are right whole foods, and fancy neighborhoods will 599 00:33:51,200 --> 00:33:54,960 Speaker 3: still have really expensive wine and cheese. You may remember 600 00:33:55,000 --> 00:33:57,520 Speaker 3: when Barack Obama was running for president. At one point 601 00:33:57,560 --> 00:34:00,640 Speaker 3: he said, have you seen the price of arugula? Which 602 00:34:00,680 --> 00:34:04,560 Speaker 3: which was a fairly amazing level of disconnectedness. All right, 603 00:34:04,600 --> 00:34:06,640 Speaker 3: I want to I want to test something. Ben, You 604 00:34:06,720 --> 00:34:09,520 Speaker 3: and I are both guys. I'm gonna guess I don't 605 00:34:09,560 --> 00:34:11,760 Speaker 3: know this, but I'm gonna guess you're not a huge 606 00:34:11,800 --> 00:34:15,160 Speaker 3: grocery shopper in the family. How much is a dozen eggs? 607 00:34:16,160 --> 00:34:19,200 Speaker 3: You're gonna laugh. I'm gonna go right now. The ones 608 00:34:19,239 --> 00:34:21,799 Speaker 3: that have to be quote cage free. They're about four 609 00:34:21,840 --> 00:34:23,520 Speaker 3: bucks at the moment, three seventy eight. 610 00:34:24,239 --> 00:34:25,279 Speaker 1: Okay, you look that up. 611 00:34:25,320 --> 00:34:25,759 Speaker 3: You didn't know. 612 00:34:25,920 --> 00:34:28,600 Speaker 2: No, you're gonna laugh that. This is I love to cook. 613 00:34:28,680 --> 00:34:31,399 Speaker 2: That's my I love to cook. That's why I'd start 614 00:34:31,400 --> 00:34:35,160 Speaker 2: a barbecue restaurant. So I actually enjoy going to the 615 00:34:35,160 --> 00:34:35,840 Speaker 2: grocery store. 616 00:34:36,400 --> 00:34:36,799 Speaker 1: All right. 617 00:34:36,840 --> 00:34:39,319 Speaker 3: So that's fascinating. So as I was sitting here, we're 618 00:34:39,320 --> 00:34:43,359 Speaker 3: getting ready to do this podcast. You may remember George 619 00:34:43,360 --> 00:34:46,080 Speaker 3: Herbert Walker Bush was famously lambasted because he didn't know 620 00:34:46,120 --> 00:34:47,759 Speaker 3: how much a gallon of milk was and he was 621 00:34:48,040 --> 00:34:52,640 Speaker 3: painted as this out of touch wealthy guy. Right before 622 00:34:52,680 --> 00:34:56,160 Speaker 3: we started recording this pod, I googled how much for 623 00:34:56,440 --> 00:34:58,920 Speaker 3: a dozen eggs, and I think the average price right 624 00:34:58,960 --> 00:35:01,440 Speaker 3: now is three dollars an eight sense, but I wasn't 625 00:35:01,440 --> 00:35:07,040 Speaker 3: googling the cage free organic, you know, brown funky eggs. 626 00:35:09,239 --> 00:35:12,080 Speaker 3: I will say, as a guy, this may shock you, 627 00:35:12,120 --> 00:35:15,160 Speaker 3: but I am not typically the grocery shopper in our family. 628 00:35:16,560 --> 00:35:19,640 Speaker 3: I will go grocery shopping on occasion, but it's usually 629 00:35:19,760 --> 00:35:23,359 Speaker 3: because my daughter is cooking a meal and she's like, Dad, 630 00:35:23,360 --> 00:35:28,560 Speaker 3: will you get me some pasta and tomatoes and garlic, 631 00:35:28,600 --> 00:35:30,799 Speaker 3: And She'll give me a list and I'll go, I'll 632 00:35:30,800 --> 00:35:33,080 Speaker 3: go with my list and get it. I do go 633 00:35:33,120 --> 00:35:35,239 Speaker 3: occasionally get fruit. I like going to the produce thing 634 00:35:35,320 --> 00:35:38,680 Speaker 3: and getting some nectarines and plums and grapes and cherries, 635 00:35:38,719 --> 00:35:41,960 Speaker 3: and so I'll just kind of collect that. I bought 636 00:35:42,000 --> 00:35:43,960 Speaker 3: a dozen eggs a number of times before, but I 637 00:35:44,000 --> 00:35:45,560 Speaker 3: have no freaking clue how much they are. I mean, 638 00:35:45,600 --> 00:35:48,799 Speaker 3: I just I don't buy eggs very often, and so 639 00:35:48,880 --> 00:35:52,520 Speaker 3: it's just not it's not front of mine to me. 640 00:35:53,920 --> 00:35:59,319 Speaker 3: But I will say the idea that you can just 641 00:35:59,600 --> 00:36:03,120 Speaker 3: magic change it. By the way, Joe Biden did this 642 00:36:03,320 --> 00:36:06,359 Speaker 3: same thing right before the last election, and the price 643 00:36:06,400 --> 00:36:09,880 Speaker 3: of gasoline. So the price of gasoline has risen massively 644 00:36:11,040 --> 00:36:13,840 Speaker 3: under Joe Biden Kamala Harris. Now this was an intended effect. 645 00:36:13,880 --> 00:36:16,120 Speaker 3: They want the price of gasoline higher, but as they 646 00:36:16,120 --> 00:36:18,400 Speaker 3: get closer to an election, they realize, oh crap, this 647 00:36:18,480 --> 00:36:21,759 Speaker 3: is a problem because it turns out voters don't like 648 00:36:21,880 --> 00:36:23,960 Speaker 3: paying more at the pump or paying more at the 649 00:36:24,000 --> 00:36:27,480 Speaker 3: grocery store. So right before election day they need a 650 00:36:27,520 --> 00:36:29,520 Speaker 3: short term fix. So what Joe Biden did last time. 651 00:36:29,600 --> 00:36:31,840 Speaker 3: Number one, he released a bunch of oil from the 652 00:36:31,880 --> 00:36:36,439 Speaker 3: Strategic Petroleum Reserve that is designed to be there for emergencies, 653 00:36:36,480 --> 00:36:40,280 Speaker 3: and he did that to increase supply, impacting price because 654 00:36:40,360 --> 00:36:45,240 Speaker 3: more supply lowers price. But he also, if you remember, 655 00:36:45,360 --> 00:36:52,440 Speaker 3: Joe Biden attacked the greedy gas station owners, which is 656 00:36:52,480 --> 00:36:56,600 Speaker 3: an economic matter. Is about as ludicrous as anything you 657 00:36:56,640 --> 00:36:59,240 Speaker 3: could come up with. Look, if you're owning a gas station, 658 00:36:59,400 --> 00:37:03,240 Speaker 3: most gas day owners or small business owners, they're often 659 00:37:03,280 --> 00:37:05,960 Speaker 3: they own maybe one or two gas stations, many of 660 00:37:06,000 --> 00:37:09,680 Speaker 3: them in Houston, I suspect across the country. Many of 661 00:37:09,719 --> 00:37:13,160 Speaker 3: them are immigrants. Many of them know this is their business. 662 00:37:13,200 --> 00:37:15,640 Speaker 3: Their family works, they're often their kids are working at 663 00:37:15,640 --> 00:37:21,160 Speaker 3: the gas station too. They are not price makers when 664 00:37:21,200 --> 00:37:24,440 Speaker 3: it comes to gasoline. They are price takers. They don't 665 00:37:24,520 --> 00:37:31,040 Speaker 3: have sufficient market influence to set the price markedly different 666 00:37:31,040 --> 00:37:34,800 Speaker 3: from what the price is being set by global supply 667 00:37:34,880 --> 00:37:38,480 Speaker 3: and demand. But yet Joe Biden, and by the way, 668 00:37:38,520 --> 00:37:42,840 Speaker 3: the useful idiots in the media, he demagogue those mean, 669 00:37:43,200 --> 00:37:47,600 Speaker 3: greedy capitalists that own gas stations. They're just charging you 670 00:37:47,719 --> 00:37:51,800 Speaker 3: seven bucks a gallon because they're mean, because they're greedy. 671 00:37:51,840 --> 00:37:54,640 Speaker 3: And by the way, the premise of this was that 672 00:37:54,840 --> 00:37:58,960 Speaker 3: during Donald Trump, apparently those capitalists were not greedy. They 673 00:37:58,960 --> 00:38:01,680 Speaker 3: didn't want money, and it was only when Democrats came 674 00:38:01,719 --> 00:38:03,880 Speaker 3: to office that they wanted to make a profit. Look, 675 00:38:04,360 --> 00:38:06,680 Speaker 3: every business owner would love to sell their goods for 676 00:38:06,719 --> 00:38:08,839 Speaker 3: a higher price, but it is driven by the cost 677 00:38:08,880 --> 00:38:11,359 Speaker 3: of their inputs, and it's driven by demand. Those are 678 00:38:11,360 --> 00:38:13,880 Speaker 3: the factors they're facing. And what she is doing is 679 00:38:13,880 --> 00:38:16,919 Speaker 3: the same thing that when the price of food has 680 00:38:16,960 --> 00:38:22,800 Speaker 3: skyrocketed because of her policies, she can't take the blame 681 00:38:22,880 --> 00:38:26,320 Speaker 3: for that, so instead she says, the mean mom and 682 00:38:26,440 --> 00:38:31,920 Speaker 3: pop that owns the little grocery store, they're just robbing you. 683 00:38:32,560 --> 00:38:35,279 Speaker 3: So I'm going to order them to stop robbing you. 684 00:38:35,360 --> 00:38:37,960 Speaker 3: And as you noted, the people who are going to 685 00:38:38,000 --> 00:38:41,919 Speaker 3: pay the most are people in low income neighborhoods where 686 00:38:41,960 --> 00:38:46,239 Speaker 3: the stores there are often barely scraping by, and if 687 00:38:46,280 --> 00:38:49,920 Speaker 3: you force them to sell things at below cost, you're 688 00:38:49,920 --> 00:38:51,560 Speaker 3: going to drive them out of business, and you're gonna 689 00:38:51,640 --> 00:38:58,120 Speaker 3: end up having people having much fewer choices and real 690 00:38:58,160 --> 00:39:00,799 Speaker 3: shortages and scarcity because and you end up in the 691 00:39:00,840 --> 00:39:03,600 Speaker 3: scenario where you mandate, let's go back to my fish 692 00:39:03,640 --> 00:39:06,400 Speaker 3: hypothetical one dollar fish when the cost of producing a 693 00:39:06,440 --> 00:39:09,719 Speaker 3: fish is let's say two dollars, you end up with 694 00:39:09,760 --> 00:39:13,120 Speaker 3: no fish because you bankrupt the producers or people decide 695 00:39:13,160 --> 00:39:15,720 Speaker 3: to do something else. And it's why in the Soviet 696 00:39:15,840 --> 00:39:19,600 Speaker 3: Union are in Venezuela. Look Venezuela. Venezuela used to be 697 00:39:19,719 --> 00:39:24,000 Speaker 3: the third wealthiest country in the world per capita in 698 00:39:24,080 --> 00:39:26,760 Speaker 3: nineteen fifty. The United States was number one, New Zealand 699 00:39:26,800 --> 00:39:30,680 Speaker 3: was number two. Venezuela was number three. You look at 700 00:39:31,080 --> 00:39:33,839 Speaker 3: what Maduro has done, you look at what socialism has done. 701 00:39:33,840 --> 00:39:36,799 Speaker 3: And by the way, Maduro in Venezuela promised we're going 702 00:39:36,840 --> 00:39:39,320 Speaker 3: to put in place price controls to stop inflation. He 703 00:39:39,719 --> 00:39:44,920 Speaker 3: had the same proposal. Kamala Harris had inflation skyrocket and 704 00:39:44,960 --> 00:39:48,359 Speaker 3: I think it's something like three hundred percent in Venezuela, 705 00:39:48,400 --> 00:39:54,319 Speaker 3: and people are starving now in Venezuela because the food disappeared. 706 00:39:54,480 --> 00:39:57,879 Speaker 3: That's how economically illiterate and disastrous. 707 00:39:57,920 --> 00:39:58,839 Speaker 1: Her proposal is. 708 00:39:59,160 --> 00:40:00,880 Speaker 2: I want to tell you a quick about our friends 709 00:40:00,920 --> 00:40:03,360 Speaker 2: over at Patriot Mobile. I am proud to partner with 710 00:40:03,360 --> 00:40:06,200 Speaker 2: Patriot Mobile because they're on the front lines fighting for 711 00:40:06,280 --> 00:40:09,440 Speaker 2: our First and Second Amendment rights, fighting for the sanctity 712 00:40:09,480 --> 00:40:13,000 Speaker 2: of life, and fighting for our military. 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I want 743 00:41:51,080 --> 00:41:53,560 Speaker 2: to switch to another topic Senat that we mentioned earlier, 744 00:41:54,200 --> 00:41:59,560 Speaker 2: and this is another cautionary tel A warning and the 745 00:41:59,680 --> 00:42:04,360 Speaker 2: border doesn't seem to give a crap. A Palestinian on 746 00:42:04,440 --> 00:42:09,000 Speaker 2: the terror watch list was arrested on the southern US border. 747 00:42:09,960 --> 00:42:15,000 Speaker 3: That's exactly right. It's an individual named Omar Shaheda who 748 00:42:15,040 --> 00:42:18,360 Speaker 3: is accused of explosives and arms use and was caught 749 00:42:18,800 --> 00:42:23,080 Speaker 3: in Santa Theresa, New Mexico. Omar Shaheda is a Palestinian 750 00:42:23,120 --> 00:42:26,480 Speaker 3: from Juday and Samaria, and he is on the terror 751 00:42:26,520 --> 00:42:31,080 Speaker 3: watch list for alleged prior use of explosives at arms. 752 00:42:31,960 --> 00:42:35,560 Speaker 3: He was arrested. The New York Post reported, and let 753 00:42:35,560 --> 00:42:38,840 Speaker 3: me read from the memo that has been leaked showing 754 00:42:38,880 --> 00:42:43,920 Speaker 3: the arrest notification of the suspected Palestinian terrorist. The arrest 755 00:42:43,960 --> 00:42:47,200 Speaker 3: notification says, on August twelfth, twenty twenty four, Border Patrol 756 00:42:47,239 --> 00:42:51,640 Speaker 3: agents assigned to the Sanatresa Border Patrol Station encountered a 757 00:42:51,640 --> 00:42:55,800 Speaker 3: person with a terror screening data sent record. At approximately 758 00:42:55,840 --> 00:42:59,440 Speaker 3: one ten am, agents apprehended a group of seven individuals 759 00:42:59,719 --> 00:43:03,200 Speaker 3: who legally entered the United States from Mexico near Santa Theresa, 760 00:43:03,239 --> 00:43:08,720 Speaker 3: New Mexico. During processing, research revealed that Omar nawaf Issa 761 00:43:08,800 --> 00:43:13,360 Speaker 3: Shaheda was a possible match to a terror watch list record. 762 00:43:14,160 --> 00:43:17,520 Speaker 3: Border Patrol agents at the National Targeting Center generated an 763 00:43:17,600 --> 00:43:21,520 Speaker 3: NTC event. Shejeda was confirmed to be a positive match 764 00:43:23,120 --> 00:43:28,520 Speaker 3: and is watch listed as a Category fifteen used explosives 765 00:43:28,680 --> 00:43:38,440 Speaker 3: slash arms. Global Appis revealed that Scheheda traveled from Madrid, 766 00:43:38,520 --> 00:43:42,920 Speaker 3: Spain to Bogoa, Columbia on a flight with a connecting 767 00:43:42,960 --> 00:43:47,400 Speaker 3: flight to Panama City, and that Scheheda arrived in San Salvador, 768 00:43:48,320 --> 00:43:54,840 Speaker 3: El Salvador on a flight and Sjeda is currently being held. 769 00:43:54,840 --> 00:43:58,279 Speaker 3: He was encountered as a single adult. Now this is 770 00:43:58,320 --> 00:44:04,239 Speaker 3: a pattern. Weeks earlier, three other suspected Palestinian terrorists were 771 00:44:04,239 --> 00:44:07,280 Speaker 3: caught at the California border. Those and we talked about 772 00:44:07,880 --> 00:44:11,120 Speaker 3: those three on this podcast previously. One of them had 773 00:44:11,120 --> 00:44:13,920 Speaker 3: a photo on their phone including pictures of a masked 774 00:44:14,000 --> 00:44:18,719 Speaker 3: man holding an AK forty seven rifle Kamala Harris. The 775 00:44:18,760 --> 00:44:22,600 Speaker 3: borders are is responsible for an open border that continues 776 00:44:22,719 --> 00:44:28,160 Speaker 3: to be a magnet inviting terrorists to come into this country, 777 00:44:28,320 --> 00:44:33,799 Speaker 3: and in fact, an alert that was issued by the 778 00:44:33,800 --> 00:44:39,640 Speaker 3: Border Patrol said quote individuals inspired by or reacting to 779 00:44:39,680 --> 00:44:43,520 Speaker 3: the current Israel Hamas conflict may attempt to travel to 780 00:44:43,719 --> 00:44:46,760 Speaker 3: or from the area of hostilities in the Middle east 781 00:44:47,640 --> 00:44:52,839 Speaker 3: via circuitous transit across the southwest border. This is what 782 00:44:52,920 --> 00:44:55,040 Speaker 3: Kamala Harris's open border is doing to us. 783 00:44:56,560 --> 00:44:59,680 Speaker 2: You look at this and you put it together with 784 00:45:00,200 --> 00:45:02,960 Speaker 2: the fact that they say she's not the borders are, 785 00:45:03,880 --> 00:45:06,680 Speaker 2: and then she says, oh, I'm doing everything I can 786 00:45:06,760 --> 00:45:10,839 Speaker 2: to protect you at the border. It doesn't match up. 787 00:45:11,360 --> 00:45:15,279 Speaker 2: It's just lie after lie after lie after lie. And 788 00:45:15,680 --> 00:45:18,440 Speaker 2: you look at these gang leaders that are arrested, You 789 00:45:18,480 --> 00:45:21,520 Speaker 2: look at the children that are being assaulted. Unfortunately, now 790 00:45:21,520 --> 00:45:24,279 Speaker 2: it's on a weekly basis. We also know, and I 791 00:45:24,280 --> 00:45:27,480 Speaker 2: think we should just remind people that the system is 792 00:45:27,520 --> 00:45:31,040 Speaker 2: so broken now that the administration has just been busted 793 00:45:31,200 --> 00:45:37,080 Speaker 2: handing kids over to non family members, okay, non family 794 00:45:37,160 --> 00:45:40,279 Speaker 2: members a lost track. Within a month, a third of 795 00:45:40,320 --> 00:45:43,839 Speaker 2: the kids are hand over to their quote sponsors who 796 00:45:43,880 --> 00:45:47,320 Speaker 2: are non family members, with no response and no follow 797 00:45:47,400 --> 00:45:49,000 Speaker 2: up from the federal government. So, in other words, a 798 00:45:49,040 --> 00:45:52,319 Speaker 2: handed child over to a non family member, they call 799 00:45:52,440 --> 00:45:55,319 Speaker 2: thirty days later to check in, No one answers, no 800 00:45:55,360 --> 00:45:57,480 Speaker 2: one's talking to them, and they can't find the kid. 801 00:45:57,800 --> 00:46:00,239 Speaker 2: And that's apparently happening with at least a third of 802 00:46:00,239 --> 00:46:02,280 Speaker 2: the kids that they're bringing into this country. 803 00:46:02,640 --> 00:46:05,359 Speaker 1: That is pure evil. It is pure evil. 804 00:46:05,360 --> 00:46:07,840 Speaker 3: And I'll tell you that the New York Times is 805 00:46:07,880 --> 00:46:12,319 Speaker 3: even reporting on this, and they're reporting Javier Bessera, who 806 00:46:12,360 --> 00:46:15,239 Speaker 3: is the Secretary of Health and Human Services. He has 807 00:46:15,440 --> 00:46:18,080 Speaker 3: no background in healthcare, He has no background. He's not 808 00:46:18,160 --> 00:46:21,080 Speaker 3: a physician, he doesn't know anything about healthcare. But what 809 00:46:21,120 --> 00:46:23,520 Speaker 3: he is is a radical left wing lawyer who was 810 00:46:23,520 --> 00:46:26,520 Speaker 3: the Attorney General of California. And that's who Joe Biden 811 00:46:26,600 --> 00:46:30,400 Speaker 3: Kamala Harris wanted in charge of HHS, and AHHS is 812 00:46:30,440 --> 00:46:35,080 Speaker 3: the one that deals with unaccompanied miners. And we've seen 813 00:46:35,120 --> 00:46:38,560 Speaker 3: an explosion of unaccompanied miners coming into this country because 814 00:46:38,640 --> 00:46:40,920 Speaker 3: Joe Biden Kamala Harris opened up the border and it 815 00:46:41,040 --> 00:46:42,680 Speaker 3: ended up with a lot of little boys and a 816 00:46:42,680 --> 00:46:46,080 Speaker 3: lot of little girls being trafficked in by human traffickers, 817 00:46:46,120 --> 00:46:48,840 Speaker 3: being abused, many of them physically, many of them sexually. 818 00:46:49,320 --> 00:46:54,520 Speaker 3: But then when they get here, the Biden administration had 819 00:46:54,560 --> 00:46:59,080 Speaker 3: a problem, and they had a problem because they wanted 820 00:46:59,120 --> 00:47:01,840 Speaker 3: to avoid kids in cages. They had made a huge 821 00:47:01,920 --> 00:47:05,120 Speaker 3: deal of it under Donald Trump. Never mind that the 822 00:47:05,600 --> 00:47:11,040 Speaker 3: actual cages were built by Barack Obama, but they wanted 823 00:47:11,040 --> 00:47:13,880 Speaker 3: to avoid the bad optics of having kids in cages 824 00:47:14,280 --> 00:47:18,800 Speaker 3: under Joe Biden. So what they did is they began 825 00:47:19,160 --> 00:47:24,399 Speaker 3: releasing young people and releasing them to adults who who 826 00:47:25,800 --> 00:47:29,160 Speaker 3: couldn't pass basic background checks. And when people in the 827 00:47:29,200 --> 00:47:31,839 Speaker 3: system said, wait, we don't know who these adults are. 828 00:47:31,880 --> 00:47:33,600 Speaker 3: We don't know if they're bad people. We don't know 829 00:47:33,640 --> 00:47:36,480 Speaker 3: if they're looking for kids to work in child labor 830 00:47:36,480 --> 00:47:39,040 Speaker 3: and slave labor. We don't know if they're violent. We 831 00:47:39,040 --> 00:47:40,520 Speaker 3: don't know if they want to abuse the kids. 832 00:47:40,520 --> 00:47:41,160 Speaker 1: You know, what have you hear? 833 00:47:41,200 --> 00:47:44,319 Speaker 3: Bessera said, shut up and release them faster. And so 834 00:47:44,400 --> 00:47:46,000 Speaker 3: let me read from the Wall Street Journal. This is 835 00:47:46,000 --> 00:47:48,120 Speaker 3: an article on July eighth and the Wall Street Journal. 836 00:47:48,960 --> 00:47:51,239 Speaker 3: In twenty twenty one, when the new Biden administration was 837 00:47:51,239 --> 00:47:53,960 Speaker 3: struggling to cope with a sudden influx of unaccompanied migrant 838 00:47:54,040 --> 00:47:58,680 Speaker 3: children at the US Mexico border, the government repeatedly overrode 839 00:47:58,719 --> 00:48:02,440 Speaker 3: the concerns of lower lefele workers who warned about placing 840 00:48:02,440 --> 00:48:06,840 Speaker 3: them in certain households. Documents and interviews show quote, it 841 00:48:06,920 --> 00:48:09,080 Speaker 3: does not appear safe for the minor to be released 842 00:48:09,080 --> 00:48:11,840 Speaker 3: to a home environment that was not fully assessed. A 843 00:48:11,920 --> 00:48:15,040 Speaker 3: caseworker road about a child slated to live in a 844 00:48:15,120 --> 00:48:18,040 Speaker 3: hostile like home in Florida with at least three adults. 845 00:48:18,880 --> 00:48:23,240 Speaker 3: A few days later, unofficial dismissed the recommendation to reject 846 00:48:23,239 --> 00:48:27,920 Speaker 3: the proposed guardian. According to internal government memos, at another 847 00:48:27,960 --> 00:48:32,080 Speaker 3: facility in Pomona, California, about thirty miles east of Los Angeles, 848 00:48:32,800 --> 00:48:36,799 Speaker 3: more than one hundred children that summer were sent to 849 00:48:37,040 --> 00:48:41,520 Speaker 3: temporary guardians who were issued denials early in the process 850 00:48:41,560 --> 00:48:44,720 Speaker 3: by case coordinators. According to a review of internal government 851 00:48:44,760 --> 00:48:48,480 Speaker 3: data that tracks on accompanied children, emails and other communications 852 00:48:48,520 --> 00:48:53,719 Speaker 3: and interviews with caseworkers, about two dozen more denials were 853 00:48:53,760 --> 00:48:57,400 Speaker 3: overturned because of clerical errors or issues such as missing 854 00:48:57,440 --> 00:49:01,000 Speaker 3: fingerprints that were resolved, record show, but many of the 855 00:49:01,040 --> 00:49:08,080 Speaker 3: others were approved with scant details explaining why, and stunningly, 856 00:49:08,120 --> 00:49:12,000 Speaker 3: the Wall Street Journal couldn't determine what happened to the 857 00:49:12,080 --> 00:49:17,800 Speaker 3: children after they left the facility. Joe Biden and Kamala 858 00:49:17,880 --> 00:49:23,960 Speaker 3: Harris have lost over eighty thousand children that came as 859 00:49:24,040 --> 00:49:26,520 Speaker 3: unaccompanied miters to this country. They don't know where they are, 860 00:49:26,680 --> 00:49:28,319 Speaker 3: they don't know who has them, they don't know what 861 00:49:28,360 --> 00:49:32,440 Speaker 3: has happened to the kids. And you know what Kamala 862 00:49:32,520 --> 00:49:35,400 Speaker 3: Harris has zero interest in finding the answer to that. 863 00:49:35,760 --> 00:49:37,759 Speaker 3: She will never talk about it. Mind you, she was 864 00:49:37,880 --> 00:49:41,400 Speaker 3: the borders are, she still is, and yet losing eighty 865 00:49:41,440 --> 00:49:44,759 Speaker 3: thousand children apparently doesn't concern her at all. 866 00:49:45,600 --> 00:49:48,640 Speaker 2: Yeah, and there doesn't seem to be accountability for this either. 867 00:49:48,840 --> 00:49:52,319 Speaker 2: Is there anything that Congress can do now, knowing what 868 00:49:52,360 --> 00:49:54,880 Speaker 2: we just learned in that report. 869 00:49:54,800 --> 00:49:57,280 Speaker 3: There's a lot Congress can do, but in the Senate, 870 00:49:57,800 --> 00:49:59,720 Speaker 3: the Senate will do none of it. And the reason 871 00:49:59,800 --> 00:50:01,560 Speaker 3: is the Democrats, who are in the majority of the 872 00:50:01,600 --> 00:50:05,560 Speaker 3: Senate do not care. I've raised this issue repeatedly in 873 00:50:05,560 --> 00:50:09,600 Speaker 3: the Judiciary Committee. You know what, Democrats in charge Judiciary. 874 00:50:09,600 --> 00:50:12,720 Speaker 3: We have not had a single hearing in four years 875 00:50:13,080 --> 00:50:15,920 Speaker 3: on the crisis at our southern border. We've had multiple 876 00:50:15,920 --> 00:50:19,520 Speaker 3: hearings on the Democrats desired to grant amnesty to illegal aliens. 877 00:50:19,680 --> 00:50:22,319 Speaker 3: We have not had a hearing in Judiciary on the 878 00:50:22,400 --> 00:50:26,320 Speaker 3: eighty thousand kids that Joe Biden Kamala Harris has lost 879 00:50:26,400 --> 00:50:29,480 Speaker 3: because the Democrats want to cover it up. And listen, 880 00:50:29,640 --> 00:50:36,560 Speaker 3: we know that some significant number of those individuals are 881 00:50:36,600 --> 00:50:40,759 Speaker 3: in child labor work sites, are being abused, are being 882 00:50:40,760 --> 00:50:46,800 Speaker 3: physically abused, are being sexually abused. If you look for example, 883 00:50:46,840 --> 00:50:48,600 Speaker 3: I'm gonna go back to the Wall Street Journal article 884 00:50:49,239 --> 00:50:52,279 Speaker 3: that says following an internal investigation, the Inspector General for 885 00:50:52,320 --> 00:50:55,400 Speaker 3: the US Department of Health and Human Services, which oversaw 886 00:50:55,440 --> 00:50:59,000 Speaker 3: a network of shelters caring for ant accompanied minors, found 887 00:50:59,040 --> 00:51:03,600 Speaker 3: gaps in the process to screen temporary guardians. It said 888 00:51:03,640 --> 00:51:07,920 Speaker 3: in February that sixteen percent sixteen percent of records for 889 00:51:08,040 --> 00:51:10,840 Speaker 3: children who were released to sponsors in March and April 890 00:51:10,840 --> 00:51:15,279 Speaker 3: twenty twenty one lacked evidence that a required safety check 891 00:51:15,400 --> 00:51:16,040 Speaker 3: was conducted. 892 00:51:16,120 --> 00:51:16,480 Speaker 1: Quote. 893 00:51:17,360 --> 00:51:22,879 Speaker 3: Although well intentioned, these sites were unregulated and unsafed, said 894 00:51:22,960 --> 00:51:26,360 Speaker 3: Niha Desai, the senior director of Immigration at the National 895 00:51:26,360 --> 00:51:30,239 Speaker 3: Center for Youth Law. There was enormous pressure placed on 896 00:51:30,280 --> 00:51:34,640 Speaker 3: the sites to rapidly release children from custody, and the 897 00:51:34,680 --> 00:51:39,440 Speaker 3: Biden Harris administration pressed them to release. At these emergency shelters, 898 00:51:39,880 --> 00:51:44,560 Speaker 3: case workers were told to discharge children within ten to 899 00:51:44,560 --> 00:51:50,000 Speaker 3: fourteen days, and so they released kids without knowing if 900 00:51:50,000 --> 00:51:52,960 Speaker 3: the people they were giving them too were dangerous, without 901 00:51:53,080 --> 00:51:59,359 Speaker 3: knowing what was happening, and yet tragically the result is 902 00:51:59,480 --> 00:52:02,440 Speaker 3: many kids suffered horrific mistreatment. 903 00:52:03,360 --> 00:52:05,520 Speaker 1: It is an election your issue. 904 00:52:05,640 --> 00:52:08,560 Speaker 2: And this is what I hope the Trump administration, the 905 00:52:08,600 --> 00:52:10,680 Speaker 2: Trump team, i should say, is going to do, is 906 00:52:10,719 --> 00:52:12,799 Speaker 2: to lay out much of what we have laid out 907 00:52:12,840 --> 00:52:15,600 Speaker 2: here for the American people to hear because it is 908 00:52:15,680 --> 00:52:19,239 Speaker 2: such shocking news when you listen to the reports, and 909 00:52:19,280 --> 00:52:21,759 Speaker 2: this is reports from our own government that are stating this. 910 00:52:21,880 --> 00:52:25,360 Speaker 2: People are losing their jobs because they're trying to protect 911 00:52:25,400 --> 00:52:27,560 Speaker 2: the kids. And they said, if you don't move them 912 00:52:27,560 --> 00:52:31,600 Speaker 2: through the system fast enough for us, then you can 913 00:52:31,600 --> 00:52:32,520 Speaker 2: find another job. 914 00:52:32,560 --> 00:52:36,080 Speaker 3: You're done here. I'll find some politics over people. And 915 00:52:36,120 --> 00:52:39,800 Speaker 3: that is the consistent pattern of Joe Biden, Kamala Harris. 916 00:52:39,840 --> 00:52:43,600 Speaker 3: It's always, always always politics. And if people have to die, 917 00:52:43,719 --> 00:52:47,040 Speaker 3: if women have to be sexually assaulted, if children have 918 00:52:47,080 --> 00:52:50,000 Speaker 3: to be brutalized, they're willing to look the other way 919 00:52:50,080 --> 00:52:52,759 Speaker 3: if they believe there's a political benefit for the Democrats. 920 00:52:53,080 --> 00:52:55,840 Speaker 1: Don't forget. We do this show Monday, Wednesday, and Friday. 921 00:52:55,880 --> 00:52:58,080 Speaker 2: We do a week in review of what you may 922 00:52:58,080 --> 00:53:00,560 Speaker 2: have missed during the week on Saturdays as well, so 923 00:53:00,680 --> 00:53:03,600 Speaker 2: make sure you hit that subscribe or auto download button 924 00:53:03,640 --> 00:53:06,480 Speaker 2: and those in between days grab my podcast, The Ben 925 00:53:06,560 --> 00:53:08,440 Speaker 2: Ferguson Podcasts. I'll keep you up to date on the 926 00:53:08,520 --> 00:53:10,960 Speaker 2: latest breaking news. The Senator and I will see you 927 00:53:11,080 --> 00:53:14,080 Speaker 2: back here Saturday morning for the week in review.