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Speaker 1: You're listening to the Buck Sexton Show podcast. Make sure

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Speaker 1: you subscribe to the podcast on the iHeartRadio app or

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Speaker 1: wherever you get your podcasts.

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Speaker 2: Welcome to the Buck Brief. We have the possibility raised

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Speaker 2: by Senator Ted Cruz of a surprise Democrat candidate taking

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Speaker 2: over for Joe Biden. It's a theory that's been out

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Speaker 2: there for a while. We shall discuss. I'll just tell

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Speaker 2: you Michelle Obama is the name that he put out there.

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Speaker 2: We'll talk about whether that's feasible and why there's that

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Speaker 2: discussion going on. Plus, Biden goes to the UAW United

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Speaker 2: Autoworkers and joins in at the picket line. Temporarily you'll

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Speaker 2: hear from him and Pelosi says Menendez. Senator Mendez should

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Speaker 2: probably resign. We will discuss this and the realities of

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Speaker 2: the Menendez case as we know about it, or what

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Speaker 2: we know about it so far. So let's start Ted

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Speaker 2: Cruz Michelle Obama as a possibility of replacing Joe Biden

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Speaker 2: in this. Here's what he said.

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Speaker 1: Here's what I predict him. This is something I said

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Speaker 1: last week on my podcast Verdict with Ted Cruz. I

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Speaker 1: think the odds are very significant that next summer at

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Speaker 1: the Democrat National Convention, that the Democrat Party will jettison

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Speaker 1: Joe Biden, will throw him off the ticket, and they

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Speaker 1: will parachute in instead Michelle Obama to be their candidate.

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Speaker 1: I think they're going to look to Michelle Obama as

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Speaker 1: the savior to come in and I think if that happens,

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Speaker 1: that would be very, very dangerous. And every time I

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Speaker 1: see a Democrat or one of their puppets in the

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Speaker 1: press beginning to point out the problems with Joe Biden,

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Speaker 1: every time that happens, the chances of that go up

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Speaker 1: and up and up.

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Speaker 2: Okay, so we have to now take a moment and

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Speaker 2: look at the realities here. Joe Biden, as feeble as

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Speaker 2: he is, as absurd as he is. He is, let's

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Speaker 2: just be clear, tied with Trump in most of the

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Speaker 2: polls right now. So even though he's too old for

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Speaker 2: the job, even though he's somebody who I think we

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Speaker 2: could all see, we should all understand, shouldn't be in

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Speaker 2: this role, he is a competitive candidate as it stands,

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Speaker 2: before there's been a re election campaign for him, before

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Speaker 2: the media has gone to bat for him. That means

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Speaker 2: to me that they're still holding out hope that they

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Speaker 2: can push him across the finish line, that that's a

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Speaker 2: serious possibility for them. But then again, what would the

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Speaker 2: other What would the alternative be? You could have some

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Speaker 2: kind of a convention floor fight and a consensus candidate

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Speaker 2: would have to emerge. This has happened before in history.

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Speaker 2: You go back and what was the president Garfield? I

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Speaker 2: think this happened where they had a floor fight. This

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Speaker 2: could occur, and you'd have to look at this and say,

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Speaker 2: who is the one person that the Democrats would instantly

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Speaker 2: coalesce around, who would excite the base, who would bring

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Speaker 2: college educated, suburban voters, Black, female voters, I mean a

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Speaker 2: lot of the core demographics for the Democrat Party, bring

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Speaker 2: them not just to vote, but to be enthusiastically engaged.

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Speaker 2: And it would be Michelle Obama. Now, there has always

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Speaker 2: been this story that Michelle Obama is not interested in

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Speaker 2: being president and not interested in the job and doing it,

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Speaker 2: in running all of that, and I think there's probably

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Speaker 2: a lot of truth to that. The Obamas are celebrated

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Speaker 2: global celebrities now, both of them. Michelle Obama just made

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Speaker 2: seven hundred and fifty thousand dollars for one speech. She

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Speaker 2: gave overseas seven hundred and fifty grand for one speech.

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Speaker 2: I don't know. I think maybe once Bill Clinton, when

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Speaker 2: they were trying to buy him off, got eight hundred

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Speaker 2: grand from some Russian affiliated bank or something that that

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Speaker 2: paid him. But Michelle Obama got seven hundred and fifty grand.

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Speaker 2: She gets to do exactly what she wants, be incredibly rich,

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Speaker 2: and just go everywhere with people approving and telling her

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Speaker 2: how wonderful she is. Even her in a role where

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Speaker 2: she comes in, she like swoops in and saves a

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Speaker 2: Democrat party from Joe Biden. There's gonna be a lot

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Speaker 2: of opposition. There's gonna be Republicans, there's gonna be people

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Speaker 2: who are questioning all that. So I don't think that

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Speaker 2: this is going to happen.

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Speaker 3: Now.

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Speaker 2: Ted Cruz said that he believes it is significant as

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Speaker 2: a possibility, didn't say it's going to happen. I think

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Speaker 2: that the way that this could occur would be if, well, honestly,

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Speaker 2: I don't think it's gonna happen. I think Joe Biden's

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Speaker 2: gonna I think Joe Biden's to be the nominee. And

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Speaker 2: I think that if Joe Biden were to have a

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Speaker 2: real health event or something were to happen, they would

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Speaker 2: just try to They would try to have Kamala Harris

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Speaker 2: be the standard bearer and win the election. I really

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Speaker 2: think that is reality. I really think that is the

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Speaker 2: expectation of what would happen because this other stuff people

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Speaker 2: coming up with, these other candidacies. I mean, who knows

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Speaker 2: if RFK Junior runs third party, which may happen, that

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Speaker 2: could very easily tank Trump against really any candidate.

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Speaker 1: Right.

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Speaker 2: Whatever advantage that he would have over Kamala, that might

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Speaker 2: disappear very quickly if you have a third party RFK candidacy.

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Speaker 2: So there's a lot of variables here that we have

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Speaker 2: to take into account, a lot of things to consider

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Speaker 2: in this process. It's not just some straight line. It's

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Speaker 2: not obvious to understand what all the implications are here.

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Speaker 1: Oh.

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Speaker 2: Biden went to the UAW and here is what he said,

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Speaker 2: save many times.

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Speaker 4: Lall Street didn't build the country. The middle class built

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Speaker 4: the country. Built the middle cloud the fact. So let's

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Speaker 4: keep going.

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Speaker 5: You deserve what you've heard, and you've earned a hell

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Speaker 5: of a lot more than you're getting paid now.

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Speaker 2: Okay, So Joe Biden at the UAW, you're going to

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Speaker 2: get all this good stuff. This is clearly twenty twenty

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Speaker 2: four electioneering for the Union vote, which Joe Biden's going

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Speaker 2: to desperately need, no question about that. And so as

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Speaker 2: we look at this and as we try to come

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Speaker 2: to an understanding as to where all this is going,

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Speaker 2: Joe Biden is trying to position himself as once again

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Speaker 2: a friend to the working man, if you will. But

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Speaker 2: what I wanted to tell you is, if you look

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Speaker 2: at Bidenomics by the numbers, there are a lot of

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Speaker 2: problems right now, a lot of problems. You've got rates

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Speaker 2: on car loans very high, mortgage rates very high. The

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Speaker 2: monthly average payment for homeowners now stands in America at

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Speaker 2: one hundred and sixty one dollars, which is an increase

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Speaker 2: of one thousand dollars since before the pandemic. They're trying

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Speaker 2: to bring inflation down. They're not able to bring inflation down.

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Speaker 2: Everything is more expensive than it used to be. Demand

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Speaker 2: for commercial real estate loans is at two thousand and

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Speaker 2: eight levels. A record seventeen trillion dollars in household debt

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Speaker 2: is outstanding. Total mortgage debt is now more than double

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Speaker 2: the two thousand and six peak. Thirty six percent of

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Speaker 2: Americans have more credit card debt than savings. These are

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Speaker 2: all really sobering statistics. When you look at them, these

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Speaker 2: are all things that when you add them all together,

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Speaker 2: you say, this is an economy that a lot of

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Speaker 2: people are being squeezed by, and that is enormously challenging

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Speaker 2: for people who if you're trying to buy anything and

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Speaker 2: finance it, if you've got credit card debt paying what

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Speaker 2: close to a twenty percent APR and that credit card debt,

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Speaker 2: I mean, there are big, big problems here in the economy.

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Speaker 2: So while Joe Biden is you know, slapping hands with

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Speaker 2: everybody over at the UAW and talk about how much

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Speaker 2: he cares about them and their struggles, I think increasingly

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Speaker 2: we have to understand the reality for people who don't

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Speaker 2: have a lot of assets and don't have a lot

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Speaker 2: of money is Biden has made their lives more difficult

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Speaker 2: financially substantially more difficult. And this is the case with Democrats.

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Speaker 2: This is what happens. This is what they're good at. Actually,

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Speaker 2: you know, I'm talking about the economy right now. I'm

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Speaker 2: also worried about This might sound really crazy, but things

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Speaker 2: getting a lot worse and maybe even some bank runs.

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Speaker 2: I mean, who knows. When you look at where interest

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Speaker 2: rates are and what's happening here. Soft landing is not likely. Okay,

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Speaker 2: So what's that rough landing going to do to you?

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Speaker 2: To your bank account? Gold is something that you can

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Speaker 2: also be used as currency.

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Speaker 5: Two.

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Speaker 2: Uh, call the Oxford Gold Group. It's who I use,

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Speaker 2: it's who I trust. The calls free and the people

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Speaker 2: on the receiving end of your call are knowledgeable and trustworthy.

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Speaker 2: Eight three three four three zero buck eight three three

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Speaker 2: four three zero b U c K. Or go to

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Speaker 2: Oxford Gold dot com slash buck that's Oxford Gold. I'm sorry,

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Speaker 2: Oxford Gold Group, Oxford Goldgroup dot Com slash buck or

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Speaker 2: call eight three three four three zero two eight two five.

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Speaker 2: So there you have it. Now, what else have we

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Speaker 2: got going on?

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Speaker 1: Oh?

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Speaker 2: Yes, Nancy Pelosi. Nancy Pelosi has said that it is

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Speaker 2: probably a good idea if Menendez were to resign. Listen

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Speaker 2: to this. Several host Democrats, along with New Jersey's Governor

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Speaker 2: Phil Murphy, have all called on Center Menendez to resign.

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Speaker 1: Do you think you should resign?

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Speaker 3: I respect their position that they are taking, and the

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Speaker 3: charges are formidable, and if in fact we're going to

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Speaker 3: say that if you're indicted, you should resign, we have

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Speaker 3: a situation in the House, as you know from the

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Speaker 3: state of New York, that that would hold too. But

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Speaker 3: right now, sadly, because of the challenges that we face,

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Speaker 3: because the skepticism that exists in our country about governance,

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Speaker 3: about this Republican party that doesn't believe in governance, don't

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Speaker 3: believe in signs, so wants to take down everything in

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Speaker 3: order to give tax breaks to the wealthiest. We've got

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Speaker 3: to stay focused on that. And for that reason, it

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Speaker 3: probably be a good idea if he did resign.

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Speaker 2: Now, why would Nancy Pelosi suggests that a Democrat maybe

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Speaker 2: should give up his Senate seat? And when you read

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Speaker 2: this indictment, which I did, I actually read the indictment, Menendez,

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Speaker 2: he's got money he's sewing it into his clothing. He's

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Speaker 2: got gold bars, they've got some of the DNA of

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Speaker 2: one of the Egyptian guys on some of the money

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Speaker 2: that was given to him. I mean, the whole thing,

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Speaker 2: my friends. It's astonishing when you see what the trail

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Speaker 2: is right now. I mean, look, the guy was able

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Speaker 2: to beat he was able to beat charges before hung jury.

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Speaker 2: So I guess he's ready to just go forward again

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Speaker 2: and fight it all out. I do not think he

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Speaker 2: he's going to resign. I think it's funny that Pelosi

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Speaker 2: says he should. He's not going to resign. He's going

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Speaker 2: to fight this to the very end. And at some level.

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Speaker 2: The brazenness, I mean, it's pretty remarkable. It's almost amusing.

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Speaker 2: This guy's like, yeah, you found four hundred thousand dollars

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Speaker 2: of cash all over my house, hidden away, like I'm

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Speaker 2: some mafioso who's trying to hide cash from the government.

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Speaker 2: But it's because I'm afraid of the Cuban government taking

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Speaker 2: my stuff. I think guy was born in America. Doesn't

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Speaker 2: really make much sense.

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Speaker 1: You know.

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Speaker 2: There's a little chatter in financial circle these days about

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Speaker 2: when our federal government may announce a new form of

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Speaker 2: US currency, a digital one. If the rumors are true,

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Speaker 2: it would replace our current currency system. One well researched

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Speaker 2: financial newsletter editor and former Wall Street insider thinks this

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Speaker 2: is going to happen. His name is Tika Tawari. This

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Speaker 2: is the type of thing you want to prepare for.

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Speaker 2: He's exposing this government plan in revealing new video and

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Speaker 2: showing you the three steps you need to take to prepare.

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Speaker 2: See it online at dollar recall dot Com to watch

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Speaker 2: this video that some in the government don't want you to.

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Speaker 2: Dollar recall dot Com. Learn how to prepare before it's

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Speaker 2: too late. Dollar Recall dot Com paid for by Palm

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Speaker 2: Beach Research Group. All right, team, that's it for today.

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Speaker 2: More Buck Brief Tomorrow Shield Hie