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Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George

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Speaker 1: Washington Broadcast Center, Jack Armstrong and Joe, Katty arm Strong

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Speaker 1: and Jetty and he Armstrong and Yetty. But before that,

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Speaker 1: we're gonna do Magda Magda make America great depression together.

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Speaker 1: You know what, It'll be great. It'll be better than great.

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Speaker 2: It'll be a fantastic, unbelievable depression like so which.

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Speaker 1: I've never seen before. We like to say, what's so

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Speaker 1: which we've never seen before?

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Speaker 3: You know, this depression is gonna be so great.

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Speaker 1: We'll be the ones eating the cats and the dogs.

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Speaker 1: That's gonna be far Low and Srow. You gotta brazen,

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Speaker 1: you know, Wow, Wow. The liberal Saturday Night Lived whatever

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Speaker 1: are they?

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Speaker 3: I would say, God, what percentage of mainstream news coverage

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Speaker 3: thinks this is a bad idea. It's somewhere like ninety percent.

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Speaker 1: It's heavy, yes.

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Speaker 3: Including lots and lots and lots of Conservatives and Republicans.

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Speaker 1: Yeah. The hardcore Magacrawt would answer you, well, they're the

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Speaker 1: people who have been perpetrating the sucking out of the

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Speaker 1: American manufacturing economy, loss of jobs, exporting, blah blah blah.

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Speaker 1: That's fine.

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Speaker 3: I'm not making the argument of whether it's right or not.

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Speaker 3: I'm just saying it's not only lefty journalism that is

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Speaker 3: making fun of this. Let's get one more short clip

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Speaker 3: on that eight there, Michael.

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Speaker 1: Yes, the stock.

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Speaker 3: Market has crashed temporarily, but that is all part of

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Speaker 3: the plan.

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Speaker 1: It's simple economics. Okay. If the stock market goes down.

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Speaker 3: And down and down and down and down, that means

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Speaker 3: there's nowhere to go but up or perhaps further down.

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Speaker 3: So yeah, I think that's what we're all looking at today, right,

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Speaker 3: there's no place to go but up or ups further

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Speaker 3: down for a while.

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Speaker 1: And we'll see what happens next hour. And I am

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Speaker 1: looking forward to this a great deal. Compare and contrast

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Speaker 1: a couple of terrific historians who most of us know

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Speaker 1: and love, Neil Ferguson and Victor Davis Hansen, with differing

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Speaker 1: opinions about the tariff thing. Really interesting. We'll give you

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Speaker 1: as many facts and as much perspective as we can

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Speaker 1: and help you decide what you think about it, as

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Speaker 1: opposed to simply preaching to the choir, which is not

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Speaker 1: what we do. If you're a new listener, welcome. First

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Speaker 1: of all, glad you're listening. Give it a little bit.

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Speaker 1: It's a little different than what you know you generally

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Speaker 1: encounter on the dial. So well, Joe understaying Getty Show.

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Speaker 3: I mean, Joe and I have worked for big companies

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Speaker 3: that make short term plays because of the stock market that.

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Speaker 1: Are bad long term.

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Speaker 3: And every employee knows, everybody like in the office knows

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Speaker 3: this is a bad idea long term, but it's good

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Speaker 3: for the stock short term. A lot of the Wall

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Speaker 3: Street stuff you see and commentators, they are people that

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Speaker 3: live quarter to quarter and not making a quarter to

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Speaker 3: quarter move right rightly or wrongly?

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Speaker 1: Right, So here we go. Yeah, in principle, the idea

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Speaker 1: of thinking about the long term health of the American

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Speaker 1: people as opposed to just winning the next election is

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Speaker 1: incredibly gratifying. Doesn't make everything right? Well, that's the deal. Yes,

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Speaker 1: I mean, if President AOC were to make a long

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Speaker 1: term decision to alter the trajectory of the United States,

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Speaker 1: even if we lose the midterms, that again would be

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Speaker 1: admirable in a way, but I'm certain I would be horrified.

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Speaker 1: So here's an interesting question for you. What are the

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Speaker 1: courts going to say about the tariff thing? And when

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Speaker 1: might they say it? Probably not too long from now,

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Speaker 1: is the answer to the second question. There are already

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Speaker 1: some lawsuits being being filed, although interestingly enough, there are

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Speaker 1: some big corporations that are extremely comfortable with this. They

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Speaker 1: are have stripped naked to the waist, have knives in

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Speaker 1: their teeth, and painted their faces, and are now running

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Speaker 1: the halls like maniacs in their corporate headquarters. But they

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Speaker 1: don't want to be the lead name in a lawsuit

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Speaker 1: against the Trump administration, so they're lying in law, which

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Speaker 1: is an interesting dynamic. But I'm relying here on a

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Speaker 1: professor of political science, a reasonable guy, Paul Sratchik, legal analyst.

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Speaker 1: Trump's tariffs are a major legal question. The Supreme Court

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Speaker 1: has set clear boundaries on unilateral executive action of this magnitude,

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Speaker 1: he believes, and he thinks the Court is going to

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Speaker 1: strike a lot of this down. But here are the questions.

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Speaker 1: Never mind the conclusion President Trump relied on the International

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Speaker 1: Emergency Economic Powers Act to impose the tariffs. It's an

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Speaker 1: expansion of his executive authority. I believe he writes oversteps

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Speaker 1: the boundaries set by the Supreme Court's major questions doctrine

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Speaker 1: prominent in recent judicial rulings, the doctrine holds that federal

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Speaker 1: agencies and the executive branch cannot make decisions of vast

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Speaker 1: economic and political significance without clear congressional authorization. Now, the

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Speaker 1: IEEPA AJEPA was enacted in nineteen seventy seven was intended

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Speaker 1: to rein in what Congress considered overuse of the Trading

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Speaker 1: with the Enemies Act, And since twenty twenty two, the

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Speaker 1: Supreme Court has been clear, the fabulous, wonderful Donald Trump

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Speaker 1: appointed majority, they've been clear. When an agency or the

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Speaker 1: executive claims the authority to resolve a major question, that's

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Speaker 1: en quote quotes a policy issue with quote vast economic

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Speaker 1: and political significance quote, it must point to clear congressional intent.

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Speaker 1: Tariffs which reshade global trade, potentially cost American consumers billions trillions,

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Speaker 1: and disrupt entire industries certainly qualify as major questions. Yeah.

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Speaker 3: I hate the idea of just if something's major, because man,

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Speaker 3: that's open to I the boulder. But regardless of that,

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Speaker 3: this certainly qualifies as major. No, but nobody's wondering if

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Speaker 3: this is a close.

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Speaker 1: Call, right, right, And the argument you're going to hear

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Speaker 1: is that Trump claimed a unilateral power to tax and

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Speaker 1: regulate commerce powers Constitution vests in Congress, although Congress doesn't

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Speaker 1: do a damn thing these days, but it is vested

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Speaker 1: to Congress and Article one, Section eight, and the Supreme

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Speaker 1: Court of signal skepticism towards such executive improvisation. In West Virginia, VEPA,

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Speaker 1: the Court struck down the Obama EPA's Claim Power Plan,

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Speaker 1: ruling that the agency could not overhaul the energy sector

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Speaker 1: without explicit congressional approval. The court and this precedent has

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Speaker 1: been used over and over again to rein in out

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Speaker 1: of control lefty presidents, especially in recent years. And I'll

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Speaker 1: tell you what one thing about this show that you're

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Speaker 1: either going to love or hate is we are consistent.

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Speaker 1: If we call executive overreach executive overreach when there's a

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Speaker 1: d in the White House, we're gonna call it on

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Speaker 1: ours too, because by God, somehow or other, there will

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Speaker 1: be a Democrat in the White House again and we

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Speaker 1: don't want him over reaching.

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Speaker 3: We'll see Elon Broke with the tariff thing over the

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Speaker 3: weekend saying he's not not into it.

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Speaker 1: He likes more of a free trade guy.

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Speaker 3: And Ted Cruz, as I mentioned a little bit earlier,

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Speaker 3: who's been pretty solid supporter of Trump, said there's gonna

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Speaker 3: be a bloodbath for his party in the midterm elections

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Speaker 3: if Donald Trump's tariff sent the US economy into recession, which.

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Speaker 1: It's about a fifty to fifty chance.

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Speaker 3: According to most of your geniuses right now, with the

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Speaker 3: caveat that Trump could back off all of this at

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Speaker 3: any moment.

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Speaker 1: Yeah. Yeah, there are a number of forces at work.

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Speaker 1: There are seven Republican Senators who are signed onto a

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Speaker 1: law saying this is executive overach and it has to stop.

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Speaker 1: It won't become law because it won't pass the House,

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Speaker 1: and even if it did, Trump would veto it with

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Speaker 1: a hearty laugh. But you have that going on, and

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Speaker 1: then the court stuff. The court, I promise you hates

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Speaker 1: the idea of stepping in and squashing this right now,

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Speaker 1: because part of the Roberts Court's identity is, Look, we're

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Speaker 1: a court, we're serious, we're sober, we're not politicians, even

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Speaker 1: though Barack Obama tried to turn us into them and

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Speaker 1: Biden like berated us from the lectern which was terrible.

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Speaker 1: We're only going to step in on huge stuff like

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Speaker 1: this if we have to but they may have to.

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Speaker 1: We'll see. Dang it.

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Speaker 3: Oil's way down too, which the Trump people are pointing

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Speaker 3: to is a good thing that came out of this

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Speaker 3: somehow or whatever.

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Speaker 1: I heard one super pro Trump host saying, well, the

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Speaker 1: rest of the world stock markets are down way more

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Speaker 1: than ours, so that proves that this is a good idea.

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Speaker 1: And I'm like, wait, what.

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Speaker 3: Trump tweeted out today? Oil prices are down, interest rates

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Speaker 3: or down, food prices are down, there's no inflation.

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Speaker 1: This is all good.

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Speaker 3: David Boonson, who's one of your think tank conservative economists, said,

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Speaker 3: I can show you many charts of oil prices and

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Speaker 3: interest rates from every recession we've ever had that will

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Speaker 3: show that this.

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Speaker 1: They often go hand in hand. So there you go. Yeah,

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Speaker 1: some of the messaging seems a little suspect to me. Anyway,

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Speaker 1: more to come after a word from our friends at

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Speaker 1: simply Save Home Security. I'll tell you what, speaking of policies,

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Speaker 1: we don't like decriminalizing crime. Scumbags and junkies and burglars

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Speaker 1: on the streets, and you know, it's a shame you

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Speaker 1: have to have a security system. But simply safe is

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Speaker 1: the one to choose.

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Speaker 3: Yeah, with the active guard outdoor protection can prevent break

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Speaker 3: ins before they happen. I mean AI powered cameras. Why

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Speaker 3: monitoring agents all working together to try to catch people

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Speaker 3: before they get into your house. You'd think that'd be

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Speaker 3: super expensive because it's so good, But nope, about a

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Speaker 3: dollar a day. No long term contracts or cancelation fees either.

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Speaker 1: Why if, like my sweet bride and I, you had

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Speaker 1: an old timey security system with a subscription and all,

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Speaker 1: and we're getting paid multiples of this for worse technology.

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Speaker 1: You're thinking, is this for real?

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Speaker 3: Yes?

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Speaker 1: It is, It absolutely is. Visit simply safe dot com

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Speaker 1: slash armstrong. Claim fifty percent off a new system with

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Speaker 1: a professional monitoring plan, cats first month free. That's simplysafe

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Speaker 1: dot com slash armstrong, and again, monitoring plans start affordably

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Speaker 1: at around a buck a day. Simply safe dot com

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Speaker 1: slash armstrong. There's no safe like simply safe. It's interesting.

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Speaker 3: So a number of people were predicting a black Monday,

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Speaker 3: like a historic drop in the stock market today, which

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Speaker 3: it's down, but it's not like make the history books down.

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Speaker 3: Charles CW. Cook of the National Review. His take of

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Speaker 3: that is this suggests to me that the markets think

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Speaker 3: Trump is going to back off the fact that it's

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Speaker 3: not the just complete. I hate to use the term bloodbath.

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Speaker 3: It's amazing that bloodbath became an acceptable term for financial downtterms.

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Speaker 3: I mean, because a bloodbath is pretty disgusting. It is gruesome, Yes, yes, gruesome,

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Speaker 3: but you know, a big historic drop so the market.

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Speaker 3: So the Wall Street crowd thinks hee, he's not gonna

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Speaker 3: stick with this like long term.

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Speaker 1: Okay. Yeah, as I was saying earlier, I wish I

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Speaker 1: had a little more cash on hand, I'd be investing,

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Speaker 1: because there's still no better place on earth to have

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Speaker 1: your money than the United States unless this keeps going,

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Speaker 1: and then you're gonna have to get hip to investing

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Speaker 1: in foreign markets again if the trade structure changes.

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Speaker 3: You know I'm wearing I didn't notice until I put

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Speaker 3: it on today. I'm wearing a sock, one sock with

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Speaker 3: a big hole in the heel, And I thought, you

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Speaker 3: know what, I'm just gonna go ahead, where as low

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Speaker 3: rent as it is, prepare myself for the financial downturn

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Speaker 3: if it sticks around, because this might be my new lifestyle,

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Speaker 3: wearing socks with holes in them. And my question is,

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Speaker 3: when you took the sock off the last time and

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Speaker 3: elected to keep it and launder it.

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Speaker 1: We must not have noticed the hole.

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Speaker 3: Surely I didn't keep around a sock with a hole

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Speaker 3: in the hill, because I mean, that's just at this

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Speaker 3: point in my life.

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Speaker 1: What have I worked every day for to wear holy socks?

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Speaker 1: I know? Is it like a Saint Francis of a

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Speaker 1: CC thing if you put a rock in your shoe

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Speaker 1: or remind you of the suffering of others. I'd be

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Speaker 1: horrified if I sent my kids off to school with

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Speaker 1: holes in their socks. Here I am at work.

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Speaker 3: Yeah, has AI ruined sports betting? Like maybe it's over?

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Speaker 3: I don't know. Stay tuned for that, among other things.

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Speaker 3: Stay with it.

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Speaker 4: The Men's Final four in San Antonio, after the Houston

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Speaker 4: Cougars completed a stunning comeback against Dude, they'll be in

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Speaker 4: a fierce fight with the Florida Gators.

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Speaker 1: So there you go. You got that your and versus

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Speaker 1: Gator caa final. Do it what you gotta like the

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Speaker 1: Gators in that battle because they've got like scales and

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Speaker 1: the cougar could jump on him and bite him as

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Speaker 1: much as he wanted. But unless you flip it and

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Speaker 1: can get at the soft underbelly. So if they gotta

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Speaker 1: like a gator, especially drags that cougar in the water,

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Speaker 1: it's over.

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Speaker 3: If the actual animals fought as opposed to the college

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Speaker 3: basketball team.

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Speaker 1: That's how I make sports predictions. Gotcha coming up? If

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Speaker 1: your favorite brothel asked you to fill out a ten

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Speaker 1: page application with all of your personal information, would you

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Speaker 1: do it? That's right, we're talking about a house of hoary.

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Speaker 1: That very thing happened in Boston. Crazy story, we'll tell

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Speaker 1: you about it. So a couple of AI stories for you.

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Speaker 3: First one that centers around the NCAA Championship game tonight.

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Speaker 3: March Madness bet AI versus pro gamblers one million dollar

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Speaker 3: March Madness bet. So a professional gambler took on AI,

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Speaker 3: and this article was from Saturday. I don't know where

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Speaker 3: they are after the two games that happened on Saturday,

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Speaker 3: but the one million dollar March Madness wager between a

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Speaker 3: pro gambler and an artificial intelligence site came down to

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Speaker 3: the AI platform four C predictions. The guy had missed

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Speaker 3: thirteen games out of the first sixty, AI only missed ten.

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Speaker 3: The point of this article and the discussion was and

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Speaker 3: that became a thing online over the weekend. Is if

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Speaker 3: AI is as good as or better than your top

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Speaker 3: five percent of sports gamblers, which it seems it is, well,

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Speaker 3: then where where does that leave sports gambling at all?

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Speaker 1: And will it continue to exist in the form that

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Speaker 1: it has?

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Speaker 3: Wow. One of the big betting houses said that they

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Speaker 3: have been concerned about this and knew it might be coming,

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Speaker 3: that didn't would be here yet, and they feel that

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Speaker 3: perhaps the decision is here earlier than they had expected.

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Speaker 3: It's gone beyond even what we had expected at the

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Speaker 3: start of AI.

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Speaker 1: Well, the house always wins on average, That's why casinos

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Speaker 1: exist and supports betting sites exist too. Individuals will win

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Speaker 1: against the house semi regularly. That's why you keep going

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Speaker 1: back If AI, well, the question is will AI win enough? Well?

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Speaker 1: Sad profit turns into a loss because if it's a

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Speaker 1: thinner margin, they'll just restructure what they do a little bit.

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Speaker 3: Well, I would think that, and I don't know a

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Speaker 3: lot about this, but I would think that your big

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Speaker 3: betting houses, they get a lot of people betting that

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Speaker 3: you know, most of them aren't professionals, and most of

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Speaker 3: them aren't that good.

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Speaker 1: They lose a lot.

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Speaker 3: So if AI's better than the top five percent and

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Speaker 3: every other dufus now can just use AI. Then all

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Speaker 3: of the betters are like the top five percent. That's

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Speaker 3: got to be a different profit margin. Oh yeah, for

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Speaker 3: the bedding houses than what they've had in the past. Yeah,

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Speaker 3: I know, their profit margins are very, very large. Yeah,

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Speaker 3: that's that's a great question.

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Speaker 1: I could easily believe that it would cut the profit

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Speaker 1: down to this is not worth it. It's going to

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Speaker 1: be even turned it into a loss.

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Speaker 3: Yeah, it's going to be a complete restructure of what

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Speaker 3: they've had in the past because they are counting on

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Speaker 3: dufuses like me that get all excited for their you know,

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Speaker 3: their home team when they make a run and that

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Speaker 3: sort of thing. Not the professional gamblers. They might even

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Speaker 3: expect to lose on the professional gamblers. But if everybody

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Speaker 3: is professional gambler level, that's something AnyWho. One of the

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Speaker 3: many repercussions of AI. Here's a guy who used an

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Speaker 3: AI avatar in a legal appeal. The judge didn't dig it.

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Speaker 3: Let's listen to this audio and then I'll fill in

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Speaker 3: any of the blanks.

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Speaker 1: Twelve.

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Speaker 2: Michael, the appellant has submitted a video.

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Speaker 1: We will hear that video. Now, may it please the court?

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Speaker 3: I come here today a humble proceeds were a panel

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Speaker 3: of five distinguished justices?

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Speaker 1: Is this hold on? Is that counsel for the case.

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Speaker 3: I generated that that is not a real person.

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Speaker 2: You did not tell me that, sir, And you have

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Speaker 2: appeared before this court and been able to testify verbally.

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Speaker 2: You are not going to use this courtroom as a

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Speaker 2: launch for your business.

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Speaker 1: So if you are.

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Speaker 2: Able to shut that off, hold you have five minutes.

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Speaker 3: Wow, that judge was not happy with that. So the

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Speaker 3: guy tried to use an AI lawyer. Yeah, she clearly

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Speaker 3: thinks there. I say, I'm reading this New York Times article,

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Speaker 3: but I didn't read the whole thing. She clearly thinks

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Speaker 3: it's some attempt to like advertise his AI lawyer business.

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Speaker 3: But at least in the first couple of pages of

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Speaker 3: this article that I read, it is just a guy

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Speaker 3: who didn't have any representation and felt like he was

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Speaker 3: in a bad position and so used AI, which you've

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Speaker 3: heard about, you know, around the country, various people using

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Speaker 3: AI lawyers.

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Speaker 1: Huh, where is that going to go?

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Speaker 3: Oh?

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Speaker 1: You just got to hire a flesh and blood human

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Speaker 1: to read what the AI told him to say, right, yes, fine,

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Speaker 1: that doesn't make any sense obviously. Hmm. We got a

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Speaker 1: lot on the way.

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Speaker 3: I hope you can stay here if you missed a second,

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Speaker 3: and get the podcast Armstrong and Getty on demand Armstrong.

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Speaker 1: And Getty Pain in the Market.

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Speaker 4: At some point, you're unwilling to tolerate this idea of

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Speaker 4: a Trump put they're a threshold.

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Speaker 1: I think your question is so stupid.

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Speaker 3: I mean, I think it's a I don't want anything

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Speaker 3: to go down, but sometimes you have to take beticon

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Speaker 3: to fix something. As questions are stupid. I suppose they

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Speaker 3: got to ask him. It's just what the what?

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Speaker 1: What?

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Speaker 3: So the whole point is to scare a bunch of

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Speaker 3: these country Yeah, these countries into thinking, wow, we better,

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Speaker 3: we better adjust here because he's serious long term, and

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Speaker 3: and he's gonna tell a reporter asked not I'm not

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Speaker 3: serious long term. This is just to scare them, and

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Speaker 3: so I'm going to back off of them just as

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Speaker 3: soon as I mean, what is that?

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Speaker 1: Yeah, but what conclusion? Is he looking for a rebalancing

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Speaker 1: of tariffs to a truly reciprocal relationship, or is he

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Speaker 1: trying to permanently restructure trade around the world by putting

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Speaker 1: up high tariffs against imports for the US for good

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Speaker 1: good question. That's why nobody knows quite what to think,

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Speaker 1: and the explanations out of the White House are a

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Speaker 1: little difficult to follow at times. More on that next hour,

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Speaker 1: including two great conservative historians taking different views of the

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Speaker 1: tariffs and where they might be going. Also, this is

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Speaker 1: an unnecessarily snarky headline, but it made me giggle. Great

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Speaker 1: news for humanity. Depressed liberals are increasingly suicidal due to

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Speaker 1: climate anxiety, according to a new study, and those that

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Speaker 1: remain to stick around aren't having children. So might progressives

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Speaker 1: be self depopulating? Be fine with me, Yeah.

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Speaker 3: The suicide part is troubling, but not having children's that's

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Speaker 3: that's absolutely happening.

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Speaker 1: Although I've got to admit it, and I believe it

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Speaker 1: or not a fairly compassionate fellow. But if you're committing

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Speaker 1: suicide over climate anxiety, you have profound mental problems. Anyway,

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Speaker 1: More on that to come. Here's a question for you.

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Speaker 1: We've all, you know, applied for colleges or jobs or

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Speaker 1: loans or whatever, and you sit down, you fill out

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Speaker 1: a long detailed application with your financial information, your employment information,

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Speaker 1: your past addresses that sort of thing. Would you do

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Speaker 1: that for a horror house? No, not just no, but

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Speaker 1: hell no. Story out of the Boston area, there's this

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Speaker 1: high end brothel operating out of a luxury apartment complex,

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Speaker 1: charged up to six hundred dollars an hour for sexual encounters,

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Speaker 1: an elite club near Harvard University. And you had biotech execs, doctors, lawyers, politicians,

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Speaker 1: filled out applications and handed over IDs, work badges, personal references.

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Speaker 1: This cant what kind of a reference. Joe was a

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Speaker 1: fine and upstanding young man. He coached my son in baseball.

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Speaker 1: I know, I don't think that was part of the reference,

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Speaker 1: although you make an excellent point. So this this Cambridge

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Speaker 1: brothel they're calling it. The gal who ran it was

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Speaker 1: a former sex worker in Vietnam, an immigrant to the

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Speaker 1: country forty two years old. They wanted to attract rich

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Speaker 1: and powerful men and with very good security, high standards,

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Speaker 1: no danger to anybody involved in the process, so to

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Speaker 1: being arrested, I issome well, well, right, yeah, until it happened,

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Speaker 1: so that there were no you know, junkies or scumbags

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Speaker 1: or violent people or whatever. And so the young women

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Speaker 1: involved and it's all women as far as I can tell,

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Speaker 1: had much less risk on their end, and the guys

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Speaker 1: had the Johns had much less risk on their end.

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Speaker 1: And as an amateur economist, the dismal science, indeed, I'm

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Speaker 1: interested that though they mentioned the up to six hundred

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Speaker 1: dollars an hour, it was frequently less expensive than that,

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Speaker 1: and I think that's because they had figured out a

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Speaker 1: way to mitigate risk. I mean, you hear about your

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Speaker 1: your Las Vegas call girls or whatever or whatever. It's

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Speaker 1: more than three hundred and fifty bucks an hour, way more.

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Speaker 3: And all the normal caveats on all different sides in that,

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Speaker 3: I don't think this is a good lifestyle from the

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Speaker 3: john standpoint of making yourself happy. I think you're seeking

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Speaker 3: some happiness that you're not going to find. And I'm

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Speaker 3: going to make assumptions that none of these women are, like,

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Speaker 3: you know, drug slave, being trafficked by violent pimps at

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Speaker 3: this level, although they might be. But if that's but

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Speaker 3: if you don't have that, I can't imagine why I,

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Speaker 3: as a taxpayer, care if some attractive twenty five year

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Speaker 3: old woman is willing to have sex with some rich

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Speaker 3: businessman for money. I just can't imagine why I care

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Speaker 3: about of all the things going on in my community

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Speaker 3: that I'm worried about on a daily basis, Right, how

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Speaker 3: about you attack those first?

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Speaker 1: Yeah? To what extent should the government criminal eye immorality?

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Speaker 1: Especially if it's I mean, there was no streetwalking hose here.

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Speaker 1: This is you know, you'd never know it existed, right, can't?

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Speaker 1: This is an interesting question.

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Speaker 3: This is not that it's bringing in a criminal element

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Speaker 3: and driving down home prices and all that sort of stuff.

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Speaker 3: With the streetwalking, hourly hotel situation.

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Speaker 1: Right, and this woman paid the workers far more than

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Speaker 1: generally is the tradition in this sort of work. And

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Speaker 1: again I'm not arguing in favor of it. But one interesting,

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Speaker 1: really interesting aspect to this, and I'm glad I almost forgot,

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Speaker 1: was that the bust took place in two places, the

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Speaker 1: Boston area. And also it just says Virginia, Oh, just

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Speaker 1: out there. It is just outside Washington, d City. I

427
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Speaker 1: was just about to say, you're gonna tell me. I know,

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Speaker 1: I've read enough history to know this sort of thing

429
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Speaker 1: has existed near the capital forever and always will probably sure.

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Speaker 1: But so the Boston authorities have pursued charges against the Johns,

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Speaker 1: and in a recent court ruling, the names have emerged.

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Speaker 1: The various attorneys asked to keep them quiet because the

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Speaker 1: damage that would be done would be disproportionate to the

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Speaker 1: nature of the crime. Blah blah blah, But the judge said, no,

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00:25:16,880 --> 00:25:21,280
Speaker 1: you can turn them loose. Interestingly, just outside the capital

436
00:25:21,800 --> 00:25:25,440
Speaker 1: in Virginia, the local authorities there said no, we're not

437
00:25:25,480 --> 00:25:28,000
Speaker 1: going to go after any of the Johns. Well, uh,

438
00:25:28,560 --> 00:25:34,480
Speaker 1: we'll just prosecute the madam and the sex workers. Yeah,

439
00:25:34,520 --> 00:25:37,080
Speaker 1: so that's a problem. It's either a law or it's not.

440
00:25:37,160 --> 00:25:39,840
Speaker 3: And if you're going to enforce it on you know,

441
00:25:41,840 --> 00:25:45,480
Speaker 3: an hourly wage dude who goes to a crappy massage

442
00:25:45,520 --> 00:25:49,520
Speaker 3: parlor in a bad street, and you're going to ruin

443
00:25:49,600 --> 00:25:52,000
Speaker 3: his life sometime over catching me, you got to treat

444
00:25:52,040 --> 00:25:53,680
Speaker 3: the rich dude the same way.

445
00:25:54,240 --> 00:25:57,720
Speaker 1: Well, and I will I will never ever know for sure,

446
00:25:57,880 --> 00:26:01,000
Speaker 1: but I would bet heavily on the opposition that the

447
00:26:01,680 --> 00:26:04,520
Speaker 1: non going after the Johns in Washington, d C. Is

448
00:26:04,760 --> 00:26:08,199
Speaker 1: entirely because they're powerful people of the government and or

449
00:26:08,320 --> 00:26:13,040
Speaker 1: lobbyists and the authorities, and you know Fairfax and Falls

450
00:26:13,119 --> 00:26:16,919
Speaker 1: Church and the various incredibly rich suburbs of DC and

451
00:26:16,960 --> 00:26:19,400
Speaker 1: It's funny. How does everybody get so rich in DC

452
00:26:19,640 --> 00:26:23,680
Speaker 1: They don't manufacture anything, huh. Anyway, I don't think it's

453
00:26:23,720 --> 00:26:26,600
Speaker 1: any accident that the local authorities said, no, let's keep

454
00:26:26,640 --> 00:26:29,320
Speaker 1: these names out of the paper. Unbelievable.

455
00:26:29,560 --> 00:26:32,760
Speaker 3: Yeah, again, it seems like such a sad, not going

456
00:26:32,800 --> 00:26:36,119
Speaker 3: good place as a lifestyle. But remember what was the

457
00:26:36,119 --> 00:26:39,000
Speaker 3: thing with Heidi Flies way back in the day. He

458
00:26:39,080 --> 00:26:41,240
Speaker 3: got to be old to remember Heidi flies in Los

459
00:26:41,280 --> 00:26:42,800
Speaker 3: Angeles in Hollywood.

460
00:26:42,400 --> 00:26:43,520
Speaker 1: But that that sort of thing.

461
00:26:43,560 --> 00:26:46,880
Speaker 3: It was like a high end hooker thing that eventually

462
00:26:46,960 --> 00:26:47,560
Speaker 3: got busted.

463
00:26:47,960 --> 00:26:50,600
Speaker 1: Great deal of discretion, and everybody was on the up

464
00:26:50,640 --> 00:26:53,320
Speaker 1: and up. She had changing sex for money.

465
00:26:53,119 --> 00:26:55,480
Speaker 3: She had her black book, her list, and then I

466
00:26:55,560 --> 00:26:57,800
Speaker 3: was coming out in drips and drabs that include various

467
00:26:57,840 --> 00:26:58,479
Speaker 3: movie stars.

468
00:26:59,000 --> 00:27:05,840
Speaker 1: Charlie Sheen shot. You know, I everybody has their own

469
00:27:05,840 --> 00:27:08,760
Speaker 1: opinion on this based on their own morality and religious beliefs.

470
00:27:08,960 --> 00:27:12,600
Speaker 1: If it's an occasional seeking of pleasure as opposed to

471
00:27:12,680 --> 00:27:16,160
Speaker 1: a lifestyle, as you put it, you know, teach their own.

472
00:27:16,440 --> 00:27:18,280
Speaker 1: And I'm not sure the government needs to be involved

473
00:27:18,320 --> 00:27:20,959
Speaker 1: in it. Frankly, new listeners to the show. I've been

474
00:27:20,960 --> 00:27:25,840
Speaker 1: faithfully married to my wife forever and don't indulge.

475
00:27:25,880 --> 00:27:30,240
Speaker 3: But well, I'm serial no interest in that. But you know,

476
00:27:30,520 --> 00:27:34,160
Speaker 3: like I said, I'm not concerned about somebody else who

477
00:27:34,200 --> 00:27:36,520
Speaker 3: is interested in that. With all the caveats I threw

478
00:27:36,560 --> 00:27:40,560
Speaker 3: out there of you know, it's not some doesn't speak

479
00:27:40,640 --> 00:27:43,720
Speaker 3: English woman from El Salvador who's basically.

480
00:27:44,280 --> 00:27:48,480
Speaker 1: Yeah, yeah, that's not. Oh, that's abhorrent, absolutely abhorrent. Yeah,

481
00:27:48,760 --> 00:27:52,359
Speaker 1: and a lot of prostitution is that, especially in urban areas,

482
00:27:52,359 --> 00:27:55,680
Speaker 1: it's absolutely terrible. A brutal a pimp who who who

483
00:27:55,800 --> 00:27:59,600
Speaker 1: well brutalizes the women under his thumb.

484
00:28:00,040 --> 00:28:05,399
Speaker 3: Yes, I don't know. We did a sex workers panel

485
00:28:05,600 --> 00:28:08,879
Speaker 3: many years ago. It was very interesting sex workers of

486
00:28:08,960 --> 00:28:14,199
Speaker 3: various levels. What percentage is what I described? You're a

487
00:28:14,200 --> 00:28:17,760
Speaker 3: good looking twenty five year old completely doing this of

488
00:28:17,800 --> 00:28:20,800
Speaker 3: your own volition, nobody's forcing you to do it whatsoever,

489
00:28:21,480 --> 00:28:25,439
Speaker 3: with guys you trust, and it's what percentage is that?

490
00:28:25,520 --> 00:28:28,640
Speaker 3: Is that such a minor percentage? I wonder that it's

491
00:28:28,680 --> 00:28:32,600
Speaker 3: not even worth having the discussion around that.

492
00:28:33,600 --> 00:28:36,199
Speaker 1: I don't know, that might be true.

493
00:28:36,840 --> 00:28:40,200
Speaker 3: Maybe such a tiny percentage of all prostitution is that

494
00:28:40,600 --> 00:28:43,200
Speaker 3: To throw that out there is just ridiculous.

495
00:28:43,520 --> 00:28:46,160
Speaker 1: Yeah, It's like the percentage of golf courses that are

496
00:28:46,320 --> 00:28:51,120
Speaker 1: ritzy private clubs. For instance, there are fifty golf courses

497
00:28:51,120 --> 00:28:54,480
Speaker 1: that aren't for each one that is, right, So crafting

498
00:28:54,520 --> 00:28:57,680
Speaker 1: any laws or having attitudes about the whole prostitution business

499
00:28:58,000 --> 00:29:00,720
Speaker 1: with that in mind is really distract might be I

500
00:29:00,800 --> 00:29:03,840
Speaker 1: wish I knew that. Yeah, Yeah, And there are some cases,

501
00:29:04,160 --> 00:29:06,520
Speaker 1: just again to get back to the philosophy of governance,

502
00:29:06,560 --> 00:29:13,080
Speaker 1: where terrain in the truly horrific, sometimes the just mildly

503
00:29:13,200 --> 00:29:17,800
Speaker 1: ikey gets caught up in It's it's well, like you know,

504
00:29:17,880 --> 00:29:22,200
Speaker 1: these wealthy guys going to these apartments in Cambridge. I mean,

505
00:29:22,560 --> 00:29:26,320
Speaker 1: I don't care. Is it mildly icky from a moral

506
00:29:26,360 --> 00:29:30,200
Speaker 1: point of view, yes, But that is what has to

507
00:29:30,320 --> 00:29:34,840
Speaker 1: exist to prevent sixteen year old girls from l Salvador

508
00:29:35,160 --> 00:29:38,320
Speaker 1: being trafficked by the cartels and becoming rape slaves in

509
00:29:38,320 --> 00:29:41,280
Speaker 1: the United States under the thumb of some brutal pimp, Right,

510
00:29:41,520 --> 00:29:43,720
Speaker 1: And that's the reality. I think it's important to know.

511
00:29:43,920 --> 00:29:46,560
Speaker 3: If that's the case, then I am all for having

512
00:29:46,560 --> 00:29:49,560
Speaker 3: a standard and making it clear every now and then

513
00:29:49,680 --> 00:29:50,240
Speaker 3: we ain't.

514
00:29:50,000 --> 00:29:52,320
Speaker 1: Cool with this. Yeah, I would love to know that.

515
00:29:52,360 --> 00:29:55,480
Speaker 1: I know there are folks in law enforcement listening, drop

516
00:29:55,560 --> 00:29:58,120
Speaker 1: us a note mail bag at armstrong and Getty dot com.

517
00:29:58,160 --> 00:30:02,520
Speaker 1: What have you seen the actual reality? So this is

518
00:30:03,840 --> 00:30:06,000
Speaker 1: terrible and I am going to pretend to be troubled

519
00:30:06,000 --> 00:30:09,000
Speaker 1: by it. Depressed liberals are increasingly at risk of suicide

520
00:30:09,080 --> 00:30:11,960
Speaker 1: due to so called climate change. According to a group

521
00:30:12,000 --> 00:30:16,360
Speaker 1: of European and French Canadian scientists. The alleged findings, while morbid,

522
00:30:16,360 --> 00:30:18,680
Speaker 1: could signal a bright future for the human race. Rights

523
00:30:18,720 --> 00:30:22,440
Speaker 1: Andrew Styles, who apparently is not upset by this. A

524
00:30:22,480 --> 00:30:25,480
Speaker 1: world with fewer annoying people would make life more tolerable

525
00:30:25,600 --> 00:30:28,400
Speaker 1: for the rest of us, The species would grow more resilient,

526
00:30:28,480 --> 00:30:31,440
Speaker 1: and the planet might also somewhat ironically benefit from the

527
00:30:31,440 --> 00:30:34,680
Speaker 1: decline in population, assuming it isn't all a hoax.

528
00:30:34,880 --> 00:30:37,920
Speaker 3: That is a cold eyed look that will jump into

529
00:30:37,920 --> 00:30:40,080
Speaker 3: the whole terriff discussion. See where we are on that

530
00:30:40,280 --> 00:30:45,560
Speaker 3: on a Monday, on day three of Liberation Day, so

531
00:30:45,600 --> 00:30:46,280
Speaker 3: stick around for that.

532
00:30:46,360 --> 00:30:48,440
Speaker 1: Stay with us.

533
00:30:50,760 --> 00:30:53,640
Speaker 4: Mental health experts are saying that adults can help deal

534
00:30:53,720 --> 00:30:56,840
Speaker 4: with trauma by sleeping with a stuffed animal, which is

535
00:30:56,880 --> 00:31:04,000
Speaker 4: the same thing goofy whispered to your wife. Subway has

536
00:31:04,120 --> 00:31:07,720
Speaker 4: partnered with Doritos to offer new foot long nachos. But

537
00:31:07,800 --> 00:31:10,400
Speaker 4: I don't love the slogan, eat out of this trough,

538
00:31:10,520 --> 00:31:11,000
Speaker 4: you pig.

539
00:31:17,040 --> 00:31:19,760
Speaker 1: I don't like this. It's not a good slogan.

540
00:31:20,200 --> 00:31:23,400
Speaker 3: I watched a musical act a young lesbian and an

541
00:31:23,440 --> 00:31:28,080
Speaker 3: older lesbian. The musical act Brandy Carlyle and Elton John.

542
00:31:28,320 --> 00:31:30,120
Speaker 3: If you just glanced to the screen, it looked like

543
00:31:30,160 --> 00:31:32,800
Speaker 3: a young lesbian and an old lesbian singing the duel,

544
00:31:33,080 --> 00:31:33,880
Speaker 3: which was very good.

545
00:31:33,960 --> 00:31:36,959
Speaker 1: Musically, it was very good. Sure, not that there's anything

546
00:31:36,960 --> 00:31:39,400
Speaker 1: wrong with it. Coming on.

547
00:31:39,480 --> 00:31:42,040
Speaker 3: I want to read some stuff from a Shell Obama

548
00:31:42,080 --> 00:31:43,560
Speaker 3: that came out over the weekend. I thought it was

549
00:31:43,640 --> 00:31:47,600
Speaker 3: really interesting about it kind of clears up where things

550
00:31:47,600 --> 00:31:49,680
Speaker 3: are with the Obama's marriage. You know, there been a

551
00:31:49,720 --> 00:31:53,240
Speaker 3: lot of rumors flying around, and it really that sort

552
00:31:53,280 --> 00:31:57,320
Speaker 3: of level of partisanship really bothers me. The like, if

553
00:31:57,360 --> 00:31:59,959
Speaker 3: you would take joy in the Obama's marriage breaking up,

554
00:32:00,160 --> 00:32:03,320
Speaker 3: I think you're deranged in the same way that people

555
00:32:03,360 --> 00:32:06,440
Speaker 3: who anybody with the last name Trump has personal problems

556
00:32:06,480 --> 00:32:07,400
Speaker 3: that makes you happy.

557
00:32:07,840 --> 00:32:11,040
Speaker 1: I that's just weird. That's weird, man.

558
00:32:11,240 --> 00:32:14,040
Speaker 3: Anyway, Michelle Obama said some things about their marriage. I

559
00:32:14,080 --> 00:32:16,440
Speaker 3: thought everybody should hear that I thought were really really good.

560
00:32:16,640 --> 00:32:20,040
Speaker 3: They did have some really tough spots and anyway, I'll

561
00:32:20,080 --> 00:32:21,360
Speaker 3: read them later and we can discuss.

562
00:32:21,440 --> 00:32:23,920
Speaker 1: So you want Michelle Obama to be the next president,

563
00:32:23,920 --> 00:32:28,800
Speaker 1: that's a good lord. Some texts on things we talked about.

564
00:32:28,840 --> 00:32:29,560
Speaker 1: We got this text.

565
00:32:29,640 --> 00:32:32,960
Speaker 3: I used to frequent prostitutes often after my divorce. Here's

566
00:32:33,000 --> 00:32:35,600
Speaker 3: what I learned. You don't have to pay a hooker alimony.

567
00:32:37,000 --> 00:32:39,280
Speaker 3: That's not a good text, that's not helpful to the conversation.

568
00:32:39,440 --> 00:32:40,640
Speaker 1: Yeah, please, aren't the.

569
00:32:40,680 --> 00:32:43,600
Speaker 3: Intelligence agencies from China, Russia in the US. They must

570
00:32:43,640 --> 00:32:47,600
Speaker 3: love these madams, these high dollar madams in these hotels,

571
00:32:47,640 --> 00:32:50,280
Speaker 3: especially around DC. I guarantee you they have cameras set

572
00:32:50,360 --> 00:32:53,240
Speaker 3: up so that every one of these brothels following these girls,

573
00:32:53,920 --> 00:32:54,360
Speaker 3: so they.

574
00:32:54,200 --> 00:32:55,960
Speaker 1: Know who came and went. I don't know, maybe maybe not,

575
00:32:56,040 --> 00:33:02,720
Speaker 1: but you know, if they knew it was happening, But yeah,

576
00:33:02,760 --> 00:33:06,200
Speaker 1: that would be an enormous trove of blackmail material for

577
00:33:06,480 --> 00:33:09,320
Speaker 1: foreign intelligence agencies. Yeah.

578
00:33:09,920 --> 00:33:13,760
Speaker 3: On sports gambling and whether AI has ruined it, Gents,

579
00:33:13,800 --> 00:33:17,320
Speaker 3: I've been using AI for the past six weeks, probably

580
00:33:17,480 --> 00:33:20,680
Speaker 3: with a lot of March Madness stuff. For gambling, and

581
00:33:20,760 --> 00:33:22,880
Speaker 3: it's not that great. At best, it's fifty to fifty,

582
00:33:23,040 --> 00:33:24,880
Speaker 3: so it's like a coin flip. But I can do

583
00:33:24,920 --> 00:33:29,560
Speaker 3: that for you. I would think you would have to be.

584
00:33:29,680 --> 00:33:33,520
Speaker 3: I mean, if there's such thing as professional sports gamblers,

585
00:33:33,960 --> 00:33:36,600
Speaker 3: because they dedicate so much time to taking in through

586
00:33:36,880 --> 00:33:40,080
Speaker 3: so many statistics, that they're better than a coin flip,

587
00:33:40,480 --> 00:33:42,560
Speaker 3: AI's got to be able to do that, doesn't it.

588
00:33:43,120 --> 00:33:46,400
Speaker 1: Well if yeah, yeah, I don't know. That's an interesting question.

589
00:33:46,440 --> 00:33:48,800
Speaker 1: I'd like to see a statistical study of how many

590
00:33:48,840 --> 00:33:52,120
Speaker 1: gamblers are better than fifty to fifty and how many worse.

591
00:33:52,160 --> 00:33:57,600
Speaker 1: But I think for the average schmo, they're definitely worse

592
00:33:57,640 --> 00:34:01,560
Speaker 1: than fifty to fifty. Oh, I know, I would be Yeah,

593
00:34:01,600 --> 00:34:02,600
Speaker 1: so use AI.

594
00:34:04,760 --> 00:34:10,080
Speaker 3: Somebody said they're just watching Jim Kramer, and he said

595
00:34:10,120 --> 00:34:13,280
Speaker 3: Wall Street made twenty percent each of the last two years.

596
00:34:13,680 --> 00:34:16,240
Speaker 3: A correction needed to happen. It should be resetting around

597
00:34:16,239 --> 00:34:19,080
Speaker 3: thirty five thousand. Anyway, that's an interesting take.

598
00:34:20,080 --> 00:34:22,760
Speaker 1: Yeah, it was crazy overheated the price to earnings ratios.

599
00:34:22,800 --> 00:34:25,319
Speaker 1: I won't get technical on you, but they were like

600
00:34:26,000 --> 00:34:29,200
Speaker 1: twice as high as the historic highs in a lot

601
00:34:29,200 --> 00:34:30,080
Speaker 1: of sectors.

602
00:34:30,120 --> 00:34:32,480
Speaker 3: I mean, just insane and everybody knew that, So I

603
00:34:32,480 --> 00:34:34,600
Speaker 3: guess the question would be, is did this tariff thing

604
00:34:34,719 --> 00:34:37,880
Speaker 3: just kick in the correction that was bound to happen.

605
00:34:37,640 --> 00:34:40,880
Speaker 1: At some point anyway, I don't know that either. That's possible.

606
00:34:41,040 --> 00:34:44,800
Speaker 1: It couldn't continue the way it had been. That's true

607
00:34:44,960 --> 00:34:46,960
Speaker 1: where the tariff thing comes to rest. That's not an

608
00:34:47,000 --> 00:34:49,239
Speaker 1: argument in favor of what Trump's doing, but it's a

609
00:34:49,239 --> 00:34:50,800
Speaker 1: point worth observing.

610
00:34:50,920 --> 00:34:55,120
Speaker 3: I'm somewhat amused by the stories Fox is doing so

611
00:34:55,160 --> 00:34:56,160
Speaker 3: that they have something to.

612
00:34:56,120 --> 00:34:59,080
Speaker 1: Talk about other than the stock market and the tariff thing.

613
00:35:00,080 --> 00:35:02,920
Speaker 1: Looking up there. This is a big story this morning.

614
00:35:03,040 --> 00:35:07,279
Speaker 3: Disc golfer refuses to play against trans athlete out into

615
00:35:07,320 --> 00:35:09,240
Speaker 3: the worlds disc golfing.

616
00:35:10,239 --> 00:35:10,839
Speaker 1: You know something.

617
00:35:10,960 --> 00:35:13,160
Speaker 3: Viewers can get around well, but they head over in

618
00:35:13,200 --> 00:35:16,960
Speaker 3: the corner. Dow down seven hundred points. It was down

619
00:35:17,000 --> 00:35:19,759
Speaker 3: as many as almost two thousand earlier in the day

620
00:35:19,880 --> 00:35:23,440
Speaker 3: and is now back to being down between low hundreds,

621
00:35:23,480 --> 00:35:24,200
Speaker 3: two hundred.

622
00:35:24,000 --> 00:35:24,640
Speaker 1: To five hundred.

623
00:35:25,000 --> 00:35:29,120
Speaker 3: So it's possible that we reached some sort of correction bottom.

624
00:35:29,440 --> 00:35:33,879
Speaker 3: It's possible, like I mentioned earlier from one pundit, that

625
00:35:34,680 --> 00:35:37,600
Speaker 3: Wall Street believes Trump's not gonna stick with this and

626
00:35:37,680 --> 00:35:39,440
Speaker 3: have some reason to think that I have some inside

627
00:35:39,480 --> 00:35:40,040
Speaker 3: knowledge on that.

628
00:35:40,080 --> 00:35:42,800
Speaker 1: I don't know. Yeah, he's made a couple of noises

629
00:35:42,880 --> 00:35:47,080
Speaker 1: that hinted at that, but it's you cannot possibly overestimate

630
00:35:47,120 --> 00:35:50,480
Speaker 1: the importance of speculation in the US stock market at

631
00:35:50,480 --> 00:35:53,680
Speaker 1: this point. Speculation being i'll bet it's gonna go up

632
00:35:53,719 --> 00:35:56,239
Speaker 1: sw I'm going to buy regardless of I would like

633
00:35:56,280 --> 00:35:58,319
Speaker 1: a share of this company for I believe it will

634
00:35:58,320 --> 00:36:01,360
Speaker 1: be profitable in future days. That's what investing is supposed

635
00:36:01,400 --> 00:36:03,399
Speaker 1: to be. And so people sell when they think it's

636
00:36:03,400 --> 00:36:05,399
Speaker 1: gonna go down, by when they think it's gonna go up,

637
00:36:05,440 --> 00:36:08,640
Speaker 1: and the the you know, the underlying principles of what's

638
00:36:08,680 --> 00:36:11,719
Speaker 1: a good investment what's not tend to get lost. So

639
00:36:11,760 --> 00:36:15,359
Speaker 1: we're dealing with a lot of speculation change right now.

640
00:36:15,480 --> 00:36:16,440
Speaker 1: More of that coming up.

641
00:36:16,480 --> 00:36:19,279
Speaker 3: Biggest movie debut of the year happened over the weekend too,

642
00:36:19,280 --> 00:36:20,520
Speaker 3: and a bunch of other stuff. I hope you can

643
00:36:20,520 --> 00:36:24,080
Speaker 3: stay with us, Armstrong and Getty