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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 Getty Armstrong and

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Speaker 1: Getty and he Armstrong and Getty strong Man.

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Speaker 2: So we'll set this up ahead of time so you

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Speaker 2: can fully enjoy the President of the United States, who

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Speaker 2: in one minute claims he was a professor at u

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Speaker 2: penn which he never was. It's one of his stories

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Speaker 2: he regularly tells.

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Speaker 1: Claims he taught a constitutional law class on the Second Amendment,

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Speaker 1: which he did not, says that you couldn't own a

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Speaker 1: cannon when the Second Amendment was first round, which you could,

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Speaker 1: and ends by failing to say the famous phrase the

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Speaker 1: tree of liberty is watered with the blood of patriots.

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Speaker 3: Enjoy.

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Speaker 4: I used to be at Love when I was no

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Speaker 4: longer the Vice president. I became a professor at the

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Speaker 4: University of Pennsylvania before me and I taught a constitutional

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Speaker 4: law class. And so I'll talked to some Second Amendment.

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Speaker 4: There's never been a time that says you can own

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Speaker 4: anything you want. They never you couldn't own a canyon during.

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Speaker 1: The Civil War. Yeah, expect to think about it.

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Speaker 3: How much do you hear this.

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Speaker 4: Phrase the blood of liberty, wash of gough, give me

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Speaker 4: a break.

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Speaker 1: Oh, I made seriously.

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Speaker 4: And by the way, if they want to think is

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Speaker 4: to take on government if we get out of line,

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Speaker 4: which they're talking on again about, well guess what they

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Speaker 4: need at fifteen's They don't need is a rifle.

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Speaker 1: Folks.

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Speaker 4: Look, this is crazy what we're talking about.

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Speaker 1: Wow. So that was the president YadA YadA, YadA, ing

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Speaker 1: one of the more famous Thomas Jefferson phrases about the

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Speaker 1: tree of liberty needs to be watered from time to

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Speaker 1: time with the blood of patriots and tyrants, the blood

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Speaker 1: of and laughing about the idea of uh people being

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Speaker 1: able to rise up against their government, which is an

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Speaker 1: interesting notion. But and then you know that's after So

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Speaker 1: that's just the that's the message there he starts with

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Speaker 1: the whole I was a professor upan, No, you weren't.

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Speaker 1: I taught constitutional law. No, go to the Washington Post.

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Speaker 1: You don't need to go to Fox, your own favorite blue,

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Speaker 1: wacky lefty newspaper. The Washington Post has debunked those, mister presidents,

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Speaker 1: So stop saying it. Boy, that was that was an

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Speaker 1: amazing density of falsehoods per minute. Yeah, but unlike you

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Speaker 1: know Trump, who exaggerates wildly and says also crazy. Of course, Biden,

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Speaker 1: there was just making up a biography. It's easily checked

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Speaker 1: and has been checked repeatedly. Well, he's senile, you know.

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Speaker 1: I'm gonna read this real quick. And then Charlie Cook,

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Speaker 1: the fabulous Charlie Cook at the National Review wrote a

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Speaker 1: great piecing hit with a part of but Dave writes,

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Speaker 1: my mother is ninety three and suffers from dementia. She

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Speaker 1: was good until about a year ago, and then her

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Speaker 1: mental and physical health took a precipitous drop over the

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Speaker 1: last six months. Can't remember anything, rambles, aimlessly, loses track

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Speaker 1: where she is, repeats herself, talks about things from her

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Speaker 1: younger days that may or may not have happened. Sound familiar. Yeah,

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Speaker 1: it's eerie and frightening to watch the leader of the

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Speaker 1: free world dwindle in the same way. Frankly, I don't

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Speaker 1: think he'll make it to election day, and Dave, I

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Speaker 1: think you're probably right. I still maintain that it's going

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Speaker 1: to become so obvious that he's incapable of executing the

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Speaker 1: office between now and the Democratic Convention in August. I

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Speaker 1: don't think he'll be the candidate. But I realize that's

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Speaker 1: kind of a long shot opinion. But yeah, mostly because

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Speaker 1: people can't picture and people close to Joe Biden and

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Speaker 1: the people around him can't picture the mechanism for that.

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Speaker 1: Like Mark Alpern wrote the other day, if Joe Biden

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Speaker 1: has some secret plan, he hasn't told anybody because none

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Speaker 1: of the people around him know.

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Speaker 3: Ah.

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Speaker 1: Yeah, I think like I say, I think events and

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Speaker 1: perceptions will force everyone's hand. But we'll see, we'll all

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Speaker 1: find out together. So Charlie Cook for the National Review

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Speaker 1: right that it's now by near universe. It is by

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Speaker 1: now near universally acknowledged that Joe Biden is too old

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Speaker 1: to perform his duties. It is less universally acknowledged that

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Speaker 1: this has serious implications, which is what we're talking about,

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Speaker 1: the chief among which is that, for all of the

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Speaker 1: pageantry that attends his re election campaign, Joe Biden is

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Speaker 1: not in fact running to be the president of the

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Speaker 1: United States. And he says, now, this is not a conspiracy.

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Speaker 1: He won, he's currently serving, he's eligible to on again, etcetera, etcetera.

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Speaker 1: He says, instead, I mean that Biden is operating as

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Speaker 1: a stand in a widget or a mcguffin whose primary

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Speaker 1: purpose is to make it to November fifth of this

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Speaker 1: year without expiring. Most candidates have plans for their coveted

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Speaker 1: four years. Biden has none. He does not expect to

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Speaker 1: be there in the public agrees with his hunch. He

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Speaker 1: points out that this is that it's not normal, and

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Speaker 1: then a whopping eighty six percent of Americans now believe

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Speaker 1: Biden is too old to be president. And then he

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Speaker 1: also points out, and this is clearly true, inevitably well,

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Speaker 1: that Joe Biden has been transmitted into a little more

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Speaker 1: than a game token is routinely implied by the substance

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Speaker 1: of our political conversations. Inevitably, discussions of Donald Trump's candidacy

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Speaker 1: revolve around what will happen if Donald Trump wins the presidency,

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Speaker 1: and inevitably, discussions of Joe Biden's candidacy revolve around what

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Speaker 1: will happen if Donald Trump wins the presidency?

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Speaker 3: Right?

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Speaker 1: Right? And then he unleashes a couple of sentences that

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Speaker 1: I love. Filter out the partisan hallucinations in which Biden

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Speaker 1: is cast as a successful president, and you'll find a

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Speaker 1: little more than an anti matter left within the residue.

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Speaker 1: Biden must win because Donald Trump must not. And because

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Speaker 1: Biden must win, then Biden cannot be too old or

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Speaker 1: too incompetent or too misguided, because if Biden is too

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Speaker 1: old or too incompetent or too miscotted, then Donald Trump

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Speaker 1: might win, and was established earlier, donald Trump must not win.

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Speaker 1: And then finally he says, what makes the whole thing

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Speaker 1: so startlingly, utterly, unfathomably weird is that the people who

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Speaker 1: are responsible for this whole token candidacy are the very

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Speaker 1: same people who will immediately begin orchestrating Biden's removal if

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Speaker 1: he manages to win in November. After all, twenty three

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Speaker 1: seconds after he's won, everything will change, and when it does,

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Speaker 1: the reversal will be astonishing in both speed and scope. Instantly,

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Speaker 1: all of Biden's senile techs will be visibled, all within

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Speaker 1: seconds of his inauguration, the science will begin to cast

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Speaker 1: doubts on the ability of any octogenarian to do such

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Speaker 1: a demanding job. After a couple of bad polls, the

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Speaker 1: muttering will begin. After the first public slip up, the

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Speaker 1: Sunday shows will swoop in and as the party starts

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Speaker 1: to look forward to the midterms, the number of amateur

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Speaker 1: grim reapers will multiply into a requim chorus that drowns

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Speaker 1: out all but their own. Yeah, and then he mentions

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Speaker 1: the late night comics and friendly cable channels will practice

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Speaker 1: their row full faces and blah blah blah. So just

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Speaker 1: so we can not talk about Joe Biden for a while,

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Speaker 1: jam this in here. Polling came out on the whole

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Speaker 1: student loan thing. This is very maddening. As a taxpayer,

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Speaker 1: I hate that program period, the bailing out the most

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Speaker 1: privileged people in America to help the working class somehow. Anyway,

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Speaker 1: the first polling came out on that yesterday, and relatively

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Speaker 1: few Americans are fans of it. Three in ten US

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Speaker 1: adults say they approve of how Biden has handled the

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Speaker 1: issue of student loan debt thirty percent, four and ten disapprove,

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Speaker 1: So he's upside down on that. And according to this

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Speaker 1: poll from the University of Chicago School of Public Policy,

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Speaker 1: the outlook wasn't better for among those responsible for unpaid

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Speaker 1: student loan debt, either for themselves or for a family member.

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Speaker 1: Thirty six approved, thirty four disapproved, So it's a wash.

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Speaker 1: It's fifty to fifty even on people who owe the money.

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Speaker 1: So you spent all that taxpayer money on the least

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Speaker 1: progressive thing progressives ever done have done, and you didn't

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Speaker 1: even get any votes out of it. I just think

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Speaker 1: that's a gesture of abandoning any pretense that the Democratic

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Speaker 1: Party has not become the party of college educated, young

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Speaker 1: white women who think with their feelings. But I was

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Speaker 1: just like their whole deal. I wish you could take

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Speaker 1: it back, since it's going to end up costing us

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Speaker 1: like eight hundred billion dollars or something. I mean, the

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Speaker 1: amount that it's going to end up costing us over

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Speaker 1: time is in is crazy for a variety of reasons

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Speaker 1: we could get into. But oh, I see what you're

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Speaker 1: driving at. I wish I wish he could say, oh wow,

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Speaker 1: it didn't even buy me any votes. Let's go back

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Speaker 1: to give the money back to the taxpayer and the programs.

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Speaker 1: This is my best idea ever. When there is political pandering,

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Speaker 1: people writing themselves checks from the treasury through their party

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Speaker 1: of choice, right, and it turns out that it didn't

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Speaker 1: actually buy them any favor and the program Yes, yes,

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Speaker 1: that's what I'm saying, is that it's the unsuccessful pandering amendment. Yeah, exactly,

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Speaker 1: if you're, if you're, if your attempt to buy votes

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Speaker 1: buys no votes, didn't buy votes, then you give the

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Speaker 1: money back to the taxpayer. There you go. This is

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Speaker 1: our contribution to the republic. All these decades of babbling

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Speaker 1: into microphones, we finally come up with something to help

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Speaker 1: the United States of America. Isn't that something that it's

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Speaker 1: a wash among the students and the parents who owe

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Speaker 1: the money. It's fifty to fifty on whether you like

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Speaker 1: it or not. Well, it's just it's idiotic. It's immoral,

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Speaker 1: it's impractical, it's anti progressive, it's unfair. I mean, it's

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Speaker 1: just it's stinks.

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Speaker 3: Right.

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Speaker 1: You can't even get a majority of people who would

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Speaker 1: be benefisheries of it to say, wow, that's cool. Nice.

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Speaker 1: You can't even pander.

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Speaker 3: You suck.

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Speaker 1: Jack Armstrong and Joe Getty the Armstrong and Getty Show.

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Speaker 1: Why is it so cold with your Michael? Yeah, you know,

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Speaker 1: I had turned it up and then the air condition

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Speaker 1: turned itself back on. It's punishment, I guess it's punishment

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Speaker 1: for what I did to that we did to deserve this,

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Speaker 1: But it's like fifty eight degrees in here, being treated

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Speaker 1: like North Korean dissidents. Huh, what's up with that? Speaking

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Speaker 1: of North Korea, woke up to see that Putin and

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Speaker 1: North Korea assigned a pact. They now have a packed

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Speaker 1: to come to each other's defense if they are attacked

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Speaker 1: by I guess they're implying us well. And it's full

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Speaker 1: of what delights me in spite of the horror of

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Speaker 1: the thing. I am always amused by the stilted, grandiose

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Speaker 1: language that comes out of every pronouncement from North Korea.

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Speaker 1: The permanent friendship built of solid granite between our two

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Speaker 1: gargatchuan people's. I mean, they're it's just always that inflated rhetoric.

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Speaker 1: I'll find the specific story, but it's just that's pretty good, ridiculous,

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Speaker 1: solid gargantuan peoples. They're pledged an everlasting friendship and on

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Speaker 1: wavering support. I do agreement would form the backbone of

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Speaker 1: the countries. BA right, oh here it is. I am

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Speaker 1: confident that during this visit, the ardent friendship between the

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Speaker 1: two countries will be strengthening. Like I'm on a list,

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Speaker 1: all right. I don't get the crowd that doesn't think

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Speaker 1: we need to engage these people. Russia and China and

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Speaker 1: North Korea and Iran are intertwined in more ways than

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Speaker 1: they've ever been. Iran's providing weapons to Russia. Russia's providing

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Speaker 1: stuff to Iran. It's shown up and fighting is that's

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Speaker 1: in Ukraine and all over the place. In China. Of course,

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Speaker 1: we know what China is and they're all working together,

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Speaker 1: and it's terrible. It's terrible for the world. This is

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Speaker 1: a major world moment. Yeah, it is. I think the isolationist,

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Speaker 1: crowded neo isolationists would say, well, they're just doing that

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Speaker 1: because the US has pressured them. They form a weird

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Speaker 1: kind of alliance with the self hating liberal. They believe

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Speaker 1: that all evil that befalls the world that has anything

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Speaker 1: to do with the United States is the fault of

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Speaker 1: the United Storce. Well, I spent a decent chunk of

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Speaker 1: my adulthood as a near isolationist, so it's not like

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Speaker 1: I'm completely out of touch with that thinking. I do

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Speaker 1: think I was wrong at this point. It would be

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Speaker 1: wonderful if isolationism worked. That would be great. Yeah, yeah, Oh,

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Speaker 1: you don't have to get involved in everything. That's certainly true,

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Speaker 1: and we've gotten involved in things we didn't need to

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Speaker 1: get involved in Yeah, I would say that's absolutely true.

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Speaker 1: And like most things in life, the extreme points of

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Speaker 1: view are very simple and easy to understand, and so

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Speaker 1: people like them. And the truth in foreign policy, like

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Speaker 1: in life, is that, no, it's going to be a

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Speaker 1: bunch of difficult judgments, and so many of them are

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Speaker 1: going to be like right on the margin, you're just

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Speaker 1: not sure. But the idea that you can just isolate yourself,

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Speaker 1: especially in the new global instantaneous communication, practically instantaneous weaponry world,

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Speaker 1: it's just not true. Yeah, And like I mentioned yesterday,

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Speaker 1: you weren't here on Friday when we talked to Josh

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Speaker 1: Rogan and his article in the Washington Post, US military

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Speaker 1: plans a hellscape to deter China, and it's pretty damned interesting.

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Speaker 1: But we're taking it super seriously as we should. That

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Speaker 1: China is going to move on Taiwan at some point,

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Speaker 1: and it could happen. I don't think there's any stopping it. Actually,

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Speaker 1: there's a quote from Trump where Trump said, oh, in

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Speaker 1: the latest interview with Time magazine, when he asked if

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Speaker 1: we would defend Taiwan, he said it would depend on

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Speaker 1: the circumstances. President Trump once told a GOP senator in

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Speaker 1: a closed meeting that there isn't a blanking thing we

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Speaker 1: can do about it. If China decides to take Taiwan.

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Speaker 1: I think that's close to right. It's going to happen

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Speaker 1: in like an hour. I mean someday. All these military

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Speaker 1: exercises they have, like the other day where they got

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Speaker 1: the whole island surrounded with ships and planes and everything

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Speaker 1: like that, what if they actually do it for real?

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Speaker 1: How would we stop that? Yeah, it might not even

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Speaker 1: be an attack, it would just be a siege. But anyway,

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Speaker 1: the healthscape idea is, we got gazillions of unmanned submarines

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Speaker 1: and flying drones and all kinds of stuff that we

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Speaker 1: would unleash on them instantly to try to slow them

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Speaker 1: down to bias some time. Because our Pentagon knows that

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Speaker 1: they're gonna be able to do this in like, you know,

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Speaker 1: fifteen minutes if they decided to do it, So we

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Speaker 1: got to move super super fast. So we got the

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Speaker 1: healthc that is the drone attack, and then that buys

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Speaker 1: us some time, plugged the zone with some drones. It's

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Speaker 1: a zone drone well exactly, good luck. But I read

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Speaker 1: Josh's piece at your recommendation and thought, wow, that is

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Speaker 1: really intriguing, and I'm not sure I'm buying it right. Well,

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Speaker 1: I have to say the incredible interconnection of virtually all

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Speaker 1: of the economies, No, that's not true. I mean North

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Speaker 1: Korean rush, aren't that introducing? Anyway? Economic intertwining is what's

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Speaker 1: holding China back at this point, and it would not

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Speaker 1: be an easy military victory over Taiwan, not by any

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Speaker 1: stretch of the imagination. Whether it could be turned back

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Speaker 1: is a different question. It would probably be really quagmiriy.

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Speaker 1: So I'm going through the America's Cold Wars with David sangerbook,

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Speaker 1: and he has got a long piece in there about

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Speaker 1: the relationship between Russian and China through the years, and

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Speaker 1: Stalin was somewhat shocked at one point when Mao, who chairman,

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Speaker 1: she idolizes and wants to be the new Mao. Mao

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Speaker 1: told Stalin, I'm perfectly fine with losing one hundred million

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Speaker 1: people if I have to defeat the United States a

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Speaker 1: hundred million.

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Speaker 3: Yeah.

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Speaker 1: Now, I don't know if she's close to that number,

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Speaker 1: but if he was a fraction of it, if he's

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Speaker 1: only willing to lose a million men, we don't have

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Speaker 1: that kind of appetite. Nothing within them a thousand miles

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Speaker 1: Oh no, no. And that's one of the great weaknesses

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Speaker 1: we have as Americans is we think everybody thinks like us.

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Speaker 1: Maybe it's because we're isolated by a couple of oceans.

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Speaker 1: But I've mentioned this before in Maine kompf Harr Hitler

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Speaker 1: mentions that if you're going to be one of the

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Speaker 1: great men of history, you have to be willing to

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Speaker 1: sacrifice the tens of thousands at any moment, and if

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Speaker 1: you don't have the gall for that, you're not going

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Speaker 1: to be a great man of history. Well that's rough. Yeah, healthscape,

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Speaker 1: Can we do we actually have a hellscape ready to go? Well,

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Speaker 1: that's a secret. I hope we do. I hope we

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Speaker 1: have a healthscape of drones, submarine drones, submarine drones and

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Speaker 1: air drones at the same time. Very exciting. Flood to zone.

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Speaker 1: We need those Chinese We need those Chinese dogs. I've

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Speaker 1: seen the robot dogs with the machine gun on their back.

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Speaker 1: Are they gonna swim? Yeah? I guess dog paddle. It's

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Speaker 1: still looks scary. You if I see one of those

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Speaker 1: Chinese metal dogs running at me with a machine gun.

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Speaker 1: I'm gonna I'm gonna lose my mud, as they said

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Speaker 1: in the Civil War arm Strong see Armstrong and getting shot.

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Speaker 1: So a quick metal game here. How much money do

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Speaker 1: you need to be considered? What term do they use? Wealthy?

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Speaker 1: Like your net worth? How much would you have to

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Speaker 1: have in the bank to be wealthy? The trouble with

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Speaker 1: these questions, as we always point out, is where do

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Speaker 1: I live? Where I live currently? If I'm going to

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Speaker 1: stay here, it's a pretty big number. If I'm where

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Speaker 1: my brother lives, it's a much much smaller number to

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Speaker 1: have a perfectly happy life. So you are both absolutely

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Speaker 1: correct and a fun suck. All right, Let's specify you

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Speaker 1: are in a third quintile cost of living part of America,

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Speaker 1: so you're like above average, but not San Francis. So

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Speaker 1: the question is, and I'll stop being a fun suck,

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Speaker 1: So what's the number? What's the number that makes you

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Speaker 1: wealthy for your net worth?

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Speaker 3: Yeah?

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Speaker 1: Yeah, So anyway, we'll come back to that in a minute.

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Speaker 1: A couple of stories about financing money and retirement, that

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Speaker 1: sort of thing, getting away from politics, at least for

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Speaker 1: a little while. I thought it was interesting, and though

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Speaker 1: we are both gen Xers at the older end of

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Speaker 1: Gen xers. And I've been aware of this, I hadn't

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Speaker 1: ever really thought about it. The generation was the first

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Speaker 1: generation to see a massive shift in how Americans work

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Speaker 1: and save for retirement. Companies moved from pensions that promise

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Speaker 1: steady income after years of service, the gold watch at

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Speaker 1: the retirement you worked for one or two companies your

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Speaker 1: entire career, Dad did to a much much more mobile

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Speaker 1: feel of employment, and four A one k's becoming your

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Speaker 1: retirement savings method and it's in your own hands. And

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Speaker 1: in fact, there are some of the financial services industry

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Speaker 1: that call gen X. I think it's the four to

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Speaker 1: one K experiment generation. That's interesting. They call it an experiment,

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Speaker 1: which insinuates that they think it might not work or

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Speaker 1: be a good idea. Is that what they're insinuating, I suppose.

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Speaker 1: So I've never seen it as an experiment. It always

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Speaker 1: just seemed like such solidly a good idea, right. But

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Speaker 1: you've got to admit, because you know, some some people,

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Speaker 1: whether they're lower education or they're you know, they're just

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Speaker 1: busy or don't have the interest in following politics and finance,

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Speaker 1: they got into four oh one k's very very late

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Speaker 1: or didn't appreciate the importance of starting early. Compound interest et.

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Speaker 1: It's a really good program in a lot of ways,

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Speaker 1: but you have to opt in. I've been hammering my

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Speaker 1: kids on that since they were too young to have

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Speaker 1: the slightest idea what it even means. Just so it's

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Speaker 1: in their head somewhere. Start putting in the max of

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Speaker 1: your four oh one K the first time you get one.

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Speaker 1: I don't care if you have to eat cats like

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Speaker 1: you're a Haitian immigrant. Put your money in your four

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Speaker 1: oh one k. Change your life. Yeah. Yeah, So, as

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Speaker 1: an individualist, I have zero problem with me being in

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Speaker 1: charge of my retirement.

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Speaker 3: No.

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Speaker 1: In fact, I wish George W. Had been successful in

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Speaker 1: privatizing social security. Everybody listening would be a good deal

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Speaker 1: ridger now where they are come retirement. We all know

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Speaker 1: what the punchline to this is. Though, somebody that decides

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Speaker 1: not to put into their four oh one or the

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Speaker 1: George W. Bush style private retirement, they get to old

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Speaker 1: age and don't have any money, and it's presented as

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Speaker 1: they don't have a dignified retirement and we need to

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Speaker 1: have a program for that. Oh absolutely, we need your

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Speaker 1: tax dollars, including you being taxed on the very Social

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Speaker 1: Security money that the government did in a paltry and

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Speaker 1: hilarious way pile up for you. Fact they they don't

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Speaker 1: pilot up current workers. It's in a lockbox, and it's

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Speaker 1: not in a lock box. That's a blasting twenty four

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Speaker 1: years ago. But I enjoyed it. Ah, right, So we

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Speaker 1: could labor those points, but I think we're all kind

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Speaker 1: of up on it. I loved this article in the

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Speaker 1: Wall Street Journal. I loved to hate it. They're breaking

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Speaker 1: every retirement rule to be off now, not later. Some

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Speaker 1: workers want to spread retirements throughout their careers, even if

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Speaker 1: it means a smaller four to h one k oh boy.

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Speaker 1: And they profile is cute earl and her cute boyfriend

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Speaker 1: and how they're taking years off of work and like

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Speaker 1: spending down their savings to retire now. And they say,

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Speaker 1: even if I don't have as much money when I retire,

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Speaker 1: this is totally worth it. Oh my god. See, if

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Speaker 1: you're if this is the problem with the libert straight

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Speaker 1: libertarian point of view, and so I'm a straight libertarian,

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Speaker 1: good good for you, you moron, do it. Go ahead. But

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Speaker 1: if I'm a realist slash conservative. I realize when they

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Speaker 1: don't have any money when they're older, you're gonna take

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Speaker 1: a bunch of my tax money or raise my taxes

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Speaker 1: to help them out. I know that's what's gonna happen. Well,

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Speaker 1: and these these sexy thirty one year olds say, oh no,

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Speaker 1: it's totally worth it to go hiking here in the Alps.

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Speaker 1: And if I have less money as an ulster, it'll

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Speaker 1: be great. The idea that the Wall Street Journal didn't

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Speaker 1: throw in a paragraph saying, now, obviously they have no

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Speaker 1: idea what they're talking about. And there could be nothing

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Speaker 1: more ridiculous than a thirty one year old saying the

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Speaker 1: Thrills at age thirty one are quote unquote worth being

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Speaker 1: paupers as old people. Right, that's so stupid, it's almost hilarious.

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Speaker 1: Let's take a moment to laugh before they get back

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Speaker 1: to the text of the article. But, as Jack has

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Speaker 1: pointed out, embittering the entire conversation, when they do hit

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Speaker 1: their golden years and are forced to eat cat carcasses,

403
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Speaker 1: we will be paying for them moving along. God, dang it,

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Speaker 1: I know a bunch of people living like that. I

405
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Speaker 1: know people living like that, right, now and I think

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Speaker 1: I'm fine again. I don't care what you do with

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Speaker 1: your money, but I know how things work in the

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Speaker 1: real world. And you're gonna be voting for parties that

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Speaker 1: say you don't have enough when you spent your money

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Speaker 1: on traveling around Europe as a twenty six year old, right, yeah, yeah,

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Speaker 1: that's why I hate humanity anyway. You know how many

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Speaker 1: times I've traveled around Europe when I was twenty six zero.

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Speaker 1: I don't even hit my current age. Why because I'm

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Speaker 1: saving my money and I don't want you to get

415
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Speaker 1: it because you think it'd be super cool to travel

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Speaker 1: around the world. God, that pisses me off. Well, it's

417
00:24:16,040 --> 00:24:19,280
Speaker 1: not like if you subsidize or reward bad behavior you

418
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Speaker 1: get more of it or anything, he says, sarcastically, shaking

419
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Speaker 1: his head sadly and wanting nothing more than to vanish

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Speaker 1: into the woods and leave humanity behind. Finally. This according

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Speaker 1: to a major modern wealth survey by Charles Schwab dot

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Speaker 1: dot dot. What is it? They asked Americans what average

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Speaker 1: networth it takes to be wealthy, with the caveat that. Well, actually,

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Speaker 1: they mentioned that when it comes to geographic regions, California

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Speaker 1: has the highest threshold of what it takes to be wealthy,

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Speaker 1: of course, And I'll tell you, all Americans say it's

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Speaker 1: two point five million dollars net worth a wealthy on

428
00:25:01,000 --> 00:25:04,119
Speaker 1: average concascination, it's two and a half million. It's higher

429
00:25:04,160 --> 00:25:07,040
Speaker 1: than I would have guessed. Well, San Franciscans say it

430
00:25:07,040 --> 00:25:09,640
Speaker 1: takes four point four million. To your point, I don't

431
00:25:09,640 --> 00:25:12,120
Speaker 1: blame them, given the cost of a house or rent

432
00:25:12,200 --> 00:25:15,520
Speaker 1: or whatever. And Southern Cali Unicornians indicated it takes an

433
00:25:15,520 --> 00:25:18,359
Speaker 1: average networth of three point four million. Survey respondents who

434
00:25:18,400 --> 00:25:21,959
Speaker 1: lived in Atlanta, Chicago, Houston, Phoenix, in Dallas expressed lower numbers,

435
00:25:22,040 --> 00:25:25,840
Speaker 1: of course, which is why any national figure, like for

436
00:25:25,880 --> 00:25:30,200
Speaker 1: income tax, for instance, is utterly unfair and ridiculous. Having

437
00:25:30,280 --> 00:25:32,360
Speaker 1: said that, I suppose you if you don't like where

438
00:25:32,400 --> 00:25:34,240
Speaker 1: you are and your taxes and your wealth, and that

439
00:25:34,359 --> 00:25:37,240
Speaker 1: you could move. So I just would like to point

440
00:25:37,240 --> 00:25:39,480
Speaker 1: out for all you who don't live in California, it

441
00:25:39,560 --> 00:25:42,320
Speaker 1: is really expensive to live here, but what you get

442
00:25:42,320 --> 00:25:48,840
Speaker 1: for what you pay is a kick in the groin.

443
00:25:49,960 --> 00:25:51,760
Speaker 1: All Americans say you have to have two point five

444
00:25:51,760 --> 00:25:56,359
Speaker 1: million to be wealthy, to be financially comfortable, seven hundred

445
00:25:56,400 --> 00:26:01,280
Speaker 1: and seventy eight thousand dollars net worth. Yeah, again, depending

446
00:26:01,320 --> 00:26:05,720
Speaker 1: on where you live. Good luck with that in San Francisco. Yeah, yeah,

447
00:26:05,760 --> 00:26:09,719
Speaker 1: well get the hell out. Boomers say you need two

448
00:26:09,760 --> 00:26:13,080
Speaker 1: point eight million dollars or seven hundred and eighty thousand

449
00:26:13,080 --> 00:26:16,800
Speaker 1: dollars to be financially comfortable. Not surprisingly. Now this is interesting.

450
00:26:16,920 --> 00:26:19,840
Speaker 1: Jen X says you need two point seven million, whichs

451
00:26:19,920 --> 00:26:21,840
Speaker 1: right there in the number. But they say to be

452
00:26:21,880 --> 00:26:24,960
Speaker 1: financially comfortable, you need eight hundred and seventy three thousand dollars,

453
00:26:25,040 --> 00:26:27,200
Speaker 1: which is almost one hundred thousand more than boomers and

454
00:26:27,240 --> 00:26:30,480
Speaker 1: all Americans. The biggest wilds, the biggest wild card that

455
00:26:30,680 --> 00:26:33,760
Speaker 1: nobody factors in until they start to get older is

456
00:26:33,800 --> 00:26:37,760
Speaker 1: healthcare costs. Yeah, because you have have had zero Your

457
00:26:37,760 --> 00:26:40,880
Speaker 1: healthcare costs every year are almost none when you're thirty five,

458
00:26:41,080 --> 00:26:43,480
Speaker 1: as I remember it. But today until the bridge is

459
00:26:43,480 --> 00:26:46,320
Speaker 1: taking yeah, until it's like, holy crap, this is going

460
00:26:46,359 --> 00:26:50,200
Speaker 1: to ruin me in a couple of decades. Yeah, which

461
00:26:50,240 --> 00:26:52,000
Speaker 1: is one of the things that I'm glad you threw

462
00:26:52,040 --> 00:26:54,080
Speaker 1: that in. As I'm looking at those healthy thirty one

463
00:26:54,160 --> 00:26:58,080
Speaker 1: year olds hiking about Europe. It comes for all of us.

464
00:26:58,119 --> 00:27:00,840
Speaker 1: I don't know how much I would have to have

465
00:27:00,920 --> 00:27:05,640
Speaker 1: to be like completely confident everything will be fine because

466
00:27:06,040 --> 00:27:09,760
Speaker 1: you know, the right health problem comes along or long

467
00:27:09,840 --> 00:27:13,480
Speaker 1: term care kerb Blewie, I don't mean to freak anybody out,

468
00:27:13,480 --> 00:27:16,320
Speaker 1: but well, and then in a world where a lot

469
00:27:16,320 --> 00:27:19,720
Speaker 1: of people who have kids have one who's got a

470
00:27:19,800 --> 00:27:23,520
Speaker 1: variety of problems because who knows why that's happening, that's

471
00:27:23,560 --> 00:27:25,480
Speaker 1: an expense too. You weren't planning on when you were

472
00:27:25,520 --> 00:27:29,800
Speaker 1: hiking at age thirty. Well, finally, though they're optimistic about

473
00:27:29,800 --> 00:27:32,480
Speaker 1: their future wealth, respondents acknowledge that there's more that they

474
00:27:32,480 --> 00:27:34,920
Speaker 1: can do. With fewer than one in five saying they're

475
00:27:34,920 --> 00:27:38,280
Speaker 1: currently on top of their finances, eighteen percent say yeah,

476
00:27:38,440 --> 00:27:40,280
Speaker 1: I'm doing what I'm supposed to be doing and doing

477
00:27:40,280 --> 00:27:47,600
Speaker 1: it systematically. Whoa again to your bitter point, Oh, bitter Jack,

478
00:27:47,640 --> 00:27:50,120
Speaker 1: you know what's fun on a Friday talking to bitter Jack. Hey,

479
00:27:50,119 --> 00:27:52,439
Speaker 1: bitter Jack, come pull up a bar stool, ruin our

480
00:27:52,520 --> 00:27:55,240
Speaker 1: day for us. I'm here for you, doing Jack. I'm

481
00:27:55,240 --> 00:27:59,280
Speaker 1: good now, but I could be decimated by future health problems. Oh,

482
00:27:59,320 --> 00:28:12,760
Speaker 1: who invite a bitter Jack? Arm Strong, Hedy the Armstrong

483
00:28:12,840 --> 00:28:13,600
Speaker 1: and Getty Show.

484
00:28:14,720 --> 00:28:20,600
Speaker 5: Jacqulemen, fish is the bucerushe manafish?

485
00:28:20,800 --> 00:28:24,400
Speaker 1: How long we've been playing that clip? Long time?

486
00:28:25,240 --> 00:28:25,440
Speaker 5: Yeah?

487
00:28:25,560 --> 00:28:30,640
Speaker 1: Long time? Does it mean nailed it down when this broke? Yeah,

488
00:28:30,680 --> 00:28:34,359
Speaker 1: the incident in which Jack Carlson was arrested, And we'll

489
00:28:34,359 --> 00:28:37,520
Speaker 1: play you the full audio that actually happened in nineteen

490
00:28:37,600 --> 00:28:40,600
Speaker 1: ninety one. It took some time for the video to circulate,

491
00:28:40,640 --> 00:28:44,240
Speaker 1: partly because the Internet wasn't really up and running. No, no,

492
00:28:44,760 --> 00:28:47,480
Speaker 1: this is the sort of thing that would have exploded

493
00:28:47,520 --> 00:28:50,720
Speaker 1: the day of now, But the Internet wasn't a thing

494
00:28:50,800 --> 00:28:53,600
Speaker 1: really in ninety one. Yeah. Well, the moment we heard

495
00:28:53,600 --> 00:28:55,840
Speaker 1: this clip, we were in love with it. It is

496
00:28:55,920 --> 00:28:58,720
Speaker 1: so funny and colorful, and the story behind it's pretty

497
00:28:58,720 --> 00:29:04,160
Speaker 1: interesting too. In loving memory of Jack Carlson, Democracy activists

498
00:29:04,200 --> 00:29:04,920
Speaker 1: the whole thing.

499
00:29:06,040 --> 00:29:09,280
Speaker 3: You just assured me that I could speak to sit

500
00:29:09,680 --> 00:29:10,360
Speaker 3: inside the car.

501
00:29:10,560 --> 00:29:11,640
Speaker 1: You're not assuring anything.

502
00:29:12,800 --> 00:29:17,120
Speaker 3: I'm under what gentlemen?

503
00:29:18,040 --> 00:29:21,760
Speaker 5: This is democracy manifest.

504
00:29:22,520 --> 00:29:25,560
Speaker 3: Have a look at the headlock. See that chap over

505
00:29:25,640 --> 00:29:28,960
Speaker 3: the head jar of my penis. This is the bike

506
00:29:28,960 --> 00:29:32,680
Speaker 3: who got me on the penis before? Why did you

507
00:29:32,720 --> 00:29:37,040
Speaker 3: do this? But what reason? What is the charge eating

508
00:29:37,080 --> 00:29:37,280
Speaker 3: on me?

509
00:29:37,400 --> 00:29:41,680
Speaker 6: Old a succulent Chinese maol oh, that's nice.

510
00:29:41,680 --> 00:29:47,719
Speaker 3: Headlocks up. Yes, I see that. You know your Judo

511
00:29:47,840 --> 00:29:55,560
Speaker 3: wealth and user. Are you waiting to receive my limp venus? Now?

512
00:29:56,080 --> 00:29:57,720
Speaker 3: Againt your hands.

513
00:30:00,040 --> 00:30:00,920
Speaker 1: I don't know.

514
00:30:05,120 --> 00:30:06,000
Speaker 3: One book.

515
00:30:09,680 --> 00:30:13,280
Speaker 1: Why was he being arrested for eating a mail? A

516
00:30:13,440 --> 00:30:18,760
Speaker 1: succulent Chinese mail? He was being arrested for paying for

517
00:30:18,840 --> 00:30:23,080
Speaker 1: a succulent Chinese meal with a stolen credit card. Okay,

518
00:30:23,800 --> 00:30:28,240
Speaker 1: put me in a headlock and you know Judo anyway,

519
00:30:28,320 --> 00:30:31,040
Speaker 1: Michael ian Pepper throws in as you like during the discussion.

520
00:30:31,040 --> 00:30:35,360
Speaker 1: But what a colorable way to get arrested for credit

521
00:30:35,360 --> 00:30:39,560
Speaker 1: card fraud. That was Jack Carlson, a non diplume of

522
00:30:39,600 --> 00:30:42,200
Speaker 1: one Cecil George Edwards who had a very interesting life.

523
00:30:42,240 --> 00:30:46,480
Speaker 1: He's born in nineteen forty two. He was an orphan.

524
00:30:46,560 --> 00:30:50,120
Speaker 1: He was an award of the Blackheath Presbyterian Boys Home

525
00:30:50,160 --> 00:30:54,680
Speaker 1: in the Brisbane suburb of Oxley, where he had a rough,

526
00:30:55,120 --> 00:30:59,240
Speaker 1: rough childhood. He began a lifelong career petty crime in

527
00:30:59,320 --> 00:31:02,160
Speaker 1: nineteen fifty was in prison for much of the first

528
00:31:02,160 --> 00:31:06,400
Speaker 1: half of his life, escaped several times. In prison, he

529
00:31:06,480 --> 00:31:10,040
Speaker 1: met Jim McNeil and encouraged him to write plays about

530
00:31:10,040 --> 00:31:14,200
Speaker 1: his prison experience, which became famous throughout Australia. They remained

531
00:31:14,280 --> 00:31:17,360
Speaker 1: friends until McNeil's death, and this guy became something of

532
00:31:17,400 --> 00:31:22,720
Speaker 1: a personality. I can see how yeah. Yeah. So in

533
00:31:22,840 --> 00:31:26,880
Speaker 1: June of twenty two, academic Dean Byron, who was one

534
00:31:26,920 --> 00:31:30,800
Speaker 1: of the arresting officers incused in the show Hands Off

535
00:31:30,920 --> 00:31:36,560
Speaker 1: My Paid Ass part of the video, he wrote an

536
00:31:36,640 --> 00:31:41,440
Speaker 1: articles about the incident, a request I usually don't make. Yeah.

537
00:31:41,520 --> 00:31:43,240
Speaker 1: So the guy was held in custody or released on

538
00:31:43,280 --> 00:31:46,280
Speaker 1: bail overnight and disappeared until his fifteen minutes of fame

539
00:31:46,280 --> 00:31:50,000
Speaker 1: in twenty twenty, and somehow he was scrubbed clean of

540
00:31:50,040 --> 00:31:55,560
Speaker 1: his pesky past. Huh so he's pretty old. He's the

541
00:31:55,600 --> 00:32:00,240
Speaker 1: same age as my mom and Joe Biden. Then yeah, yeah,

542
00:32:00,240 --> 00:32:05,880
Speaker 1: I suppose so roughly. Yeah, well yeah, Michael hit us

543
00:32:05,880 --> 00:32:08,120
Speaker 1: with fourteen Just just throw matus.

544
00:32:08,240 --> 00:32:10,040
Speaker 3: What is the jog eating me?

545
00:32:10,160 --> 00:32:10,360
Speaker 5: Old?

546
00:32:10,720 --> 00:32:15,640
Speaker 3: A succulent Chinese? My own? Yes, I see that. You

547
00:32:15,720 --> 00:32:16,600
Speaker 3: know your judo?

548
00:32:16,720 --> 00:32:24,040
Speaker 1: Well, no hanging for it with the stolen credit card,

549
00:32:20,640 --> 00:32:28,720
Speaker 1: your angel. Every sentence the guy utters is an artwork,

550
00:32:28,880 --> 00:32:31,480
Speaker 1: is a work of art. It's a piece of genius.

551
00:32:31,600 --> 00:32:33,640
Speaker 1: I remember when we did this At the time, we wondered,

552
00:32:33,640 --> 00:32:35,600
Speaker 1: does he talk that way all the time? Was that

553
00:32:35,720 --> 00:32:41,120
Speaker 1: just the way he always spoke? Darling? What would you

554
00:32:41,280 --> 00:32:42,160
Speaker 1: like for dinner?

555
00:32:43,960 --> 00:32:47,880
Speaker 3: And are you waiting to receive my limb venus?

556
00:32:47,920 --> 00:32:50,320
Speaker 1: Oh no, that's too much of that. Give you eleven again?

557
00:32:50,840 --> 00:32:53,600
Speaker 1: Come on, gentle fish?

558
00:32:54,120 --> 00:32:56,240
Speaker 5: Is the matter fish?

559
00:32:56,320 --> 00:32:59,920
Speaker 1: The way rules is are very very, very exciting. Uh.

560
00:33:00,360 --> 00:33:02,720
Speaker 1: Do we know how he died? How'd he die?

561
00:33:03,080 --> 00:33:03,120
Speaker 3: No?

562
00:33:03,480 --> 00:33:06,080
Speaker 1: Do we know? I mean, I know he passed away. Okay,

563
00:33:06,200 --> 00:33:07,960
Speaker 1: I didn't know. If you like choke on pork, fried

564
00:33:08,000 --> 00:33:12,800
Speaker 1: rice or something, Katy Green knows the answer. He had cancer. Okay,

565
00:33:13,440 --> 00:33:16,000
Speaker 1: I'm not as funny as Michael's idea. Are you ready?

566
00:33:16,080 --> 00:33:19,400
Speaker 1: Do you feel now? Michael feel pretty bad? Yeah? Are you?

567
00:33:19,640 --> 00:33:22,320
Speaker 1: Are you ready to receive my LP? That's a that's

568
00:33:22,320 --> 00:33:30,360
Speaker 1: an interesting thing to say. Oh boy thirteen, Michael, come on,

569
00:33:30,480 --> 00:33:31,400
Speaker 1: do your job in there.

570
00:33:31,520 --> 00:33:33,560
Speaker 3: This is the bike who got me on the Fenish people?

571
00:33:34,520 --> 00:33:40,240
Speaker 1: Hey wow, Well he makes the word people into a symphony.

572
00:33:41,440 --> 00:33:45,600
Speaker 1: It's a five syllable word in his brilliant hands. Did

573
00:33:45,600 --> 00:33:48,280
Speaker 1: he ever make it to the stage. He's built for

574
00:33:48,320 --> 00:33:53,360
Speaker 1: the theater? Gosh, I'd say yeah. By the way, past.

575
00:33:53,480 --> 00:33:55,840
Speaker 4: This video was made nineteen ninety one, but it didn't

576
00:33:55,840 --> 00:33:58,080
Speaker 4: get uploaded until two thousand and nine.

577
00:33:57,920 --> 00:34:00,800
Speaker 1: So that's when it took off. Two thousand and nine. Yeah,

578
00:34:00,840 --> 00:34:03,640
Speaker 1: that sounds about right. Fifteen years. That's a long time ago.

579
00:34:03,720 --> 00:34:07,280
Speaker 1: And it's interesting how many like acquaintances of mine who

580
00:34:07,360 --> 00:34:09,960
Speaker 1: have my phone number texted me the news of his

581
00:34:10,080 --> 00:34:14,319
Speaker 1: death because remembering his uh love that whole thing. We're

582
00:34:14,360 --> 00:34:17,880
Speaker 1: inundated with emails. Same guys, you've got to pay tribute.

583
00:34:17,960 --> 00:34:21,840
Speaker 1: It's like we wouldn't. It's pretty funny to be wrestled

584
00:34:21,880 --> 00:34:25,120
Speaker 1: to the ground by the police like that because you're

585
00:34:25,160 --> 00:34:28,400
Speaker 1: resisting arrest and saying, I see you know you're judo.

586
00:34:28,520 --> 00:34:31,840
Speaker 3: Well I guess I see that you know your judo.

587
00:34:32,000 --> 00:34:36,080
Speaker 1: Well concentrate if you will, on the voices of the

588
00:34:36,200 --> 00:34:39,120
Speaker 1: cops in the background, who were saying, all right, get

589
00:34:39,120 --> 00:34:39,600
Speaker 1: in the cop.

590
00:34:41,560 --> 00:34:43,560
Speaker 3: Just you know, you're just assured me that I could

591
00:34:43,800 --> 00:34:46,439
Speaker 3: speak to sit in and saw the cap.

592
00:34:46,640 --> 00:34:52,759
Speaker 1: You're not assuring any sit down inside the cop because

593
00:34:52,760 --> 00:34:57,799
Speaker 1: they're like, dude, it's a credit card, beef, this is

594
00:34:57,840 --> 00:35:00,560
Speaker 1: this is not that big a deal. Hey, I got

595
00:35:00,560 --> 00:35:03,319
Speaker 1: other things to do. Yes, you're gonna be out like

596
00:35:03,320 --> 00:35:05,399
Speaker 1: in two hours, we gotta fill out some forms. Get

597
00:35:05,400 --> 00:35:08,200
Speaker 1: in the car, all right, go ahead, But.

598
00:35:08,320 --> 00:35:10,799
Speaker 3: What what is the charge eating on me?

599
00:35:10,880 --> 00:35:15,160
Speaker 6: Old a succulent Chinese me. Old, Oh that's you nice

600
00:35:15,200 --> 00:35:20,080
Speaker 6: headlocks up? Yes, I see that.

601
00:35:20,160 --> 00:35:25,560
Speaker 3: You know your judo well and user.

602
00:35:26,040 --> 00:35:31,240
Speaker 6: Are you waiting to receive polt venus down your hands?

603
00:35:32,520 --> 00:35:36,120
Speaker 1: That's That's the time Lawrence Olivier was arrested for falsely

604
00:35:36,200 --> 00:35:40,560
Speaker 1: portraying Hamlet or something. I mean, that is so weird. Wait,

605
00:35:40,719 --> 00:35:49,880
Speaker 1: you're you're under arrest. I'm under what? I'm under? What arrest?

606
00:35:50,640 --> 00:35:51,640
Speaker 1: I just told you?

607
00:35:53,160 --> 00:35:53,279
Speaker 3: Oh?

608
00:35:53,360 --> 00:35:53,400
Speaker 5: What?

609
00:35:53,560 --> 00:36:04,600
Speaker 1: Headlock hand? What a funny thing? The Armstrong and Getty

610
00:36:04,680 --> 00:36:08,360
Speaker 1: Show and more Jack more Joe podcasts and our hotlinks

611
00:36:08,440 --> 00:36:09,960
Speaker 1: and Armstrong dot com