1 00:00:02,440 --> 00:00:05,360 Speaker 1: The economy sucks. We're gonna talk to Carol Roth about that. 2 00:00:05,400 --> 00:00:09,520 Speaker 1: Bill Jacobson is here talking about lawfair, culture, war stuff. 3 00:00:09,560 --> 00:00:10,440 Speaker 2: Aaron Wexler. 4 00:00:10,520 --> 00:00:22,840 Speaker 1: We have such a great night on the right. All right, 5 00:00:23,040 --> 00:00:25,880 Speaker 1: let's talk about the economic numbers that came out today. 6 00:00:25,880 --> 00:00:27,840 Speaker 1: We just have such a huge show for you with 7 00:00:28,280 --> 00:00:31,520 Speaker 1: economy stuff, lawfair stuff. Carol Roth is going to join 8 00:00:31,600 --> 00:00:33,479 Speaker 1: us to talk about these economic numbers in a couple 9 00:00:33,479 --> 00:00:36,280 Speaker 1: of minutes. It's a huge show tonight. So let's deal 10 00:00:36,320 --> 00:00:42,040 Speaker 1: with the number numbers GDP. First of all, let's wrap 11 00:00:42,080 --> 00:00:44,159 Speaker 1: our minds around something before we get into the GDP 12 00:00:44,360 --> 00:00:47,560 Speaker 1: numbers themselves. It was supposed to increase the economy was 13 00:00:47,560 --> 00:00:50,640 Speaker 1: supposed to grow at two point four. Instead, it grew 14 00:00:50,680 --> 00:00:55,280 Speaker 1: at one point six. That is a large number. You 15 00:00:55,320 --> 00:00:57,600 Speaker 1: look at that and you think, wow, that's not that bad. 16 00:00:57,680 --> 00:00:59,320 Speaker 1: They only missed it by less. 17 00:00:59,120 --> 00:01:00,400 Speaker 2: Than a percentage point. 18 00:01:00,880 --> 00:01:06,160 Speaker 1: When you consider we're talking about a twenty billion dollar economy. 19 00:01:06,640 --> 00:01:10,440 Speaker 1: Missing it by almost an entire point is a really, really, 20 00:01:10,480 --> 00:01:13,720 Speaker 1: really big deal. All right, So let's deal with this. 21 00:01:14,520 --> 00:01:17,679 Speaker 1: What's happening out there right now? Well, what's happening is 22 00:01:18,440 --> 00:01:22,920 Speaker 1: we've spent the longest time printing money, printing money, printing money, 23 00:01:22,920 --> 00:01:25,480 Speaker 1: printing money that's not backed, and. 24 00:01:25,720 --> 00:01:28,200 Speaker 2: Spending out of control spending. 25 00:01:28,240 --> 00:01:32,120 Speaker 1: You realize right now, right now, as a country, we 26 00:01:32,160 --> 00:01:36,400 Speaker 1: are spending at levels percentage wise, that we have not 27 00:01:36,520 --> 00:01:38,760 Speaker 1: spent since World War Two. 28 00:01:40,400 --> 00:01:41,280 Speaker 2: Wrap your mind around that. 29 00:01:41,680 --> 00:01:43,960 Speaker 1: World War Two was one of these all hands on 30 00:01:44,080 --> 00:01:47,480 Speaker 1: deck situations, past bill after bill after bill. We need 31 00:01:47,520 --> 00:01:49,880 Speaker 1: new aircraft, carries, we need new planes, more troops. 32 00:01:49,880 --> 00:01:50,480 Speaker 2: We got to do this. 33 00:01:51,240 --> 00:01:55,320 Speaker 1: A massive, the largest event in world history, prompted government 34 00:01:55,400 --> 00:02:00,600 Speaker 1: spending at the levels we're currently spending. There's no World 35 00:02:00,640 --> 00:02:06,560 Speaker 1: War IIE, there's no national emergency, so they're not stopping. 36 00:02:07,160 --> 00:02:08,520 Speaker 2: They're accelerating. Right now. 37 00:02:09,080 --> 00:02:13,640 Speaker 1: Every single thing is accelerating, meaning the stalling of the 38 00:02:13,680 --> 00:02:17,799 Speaker 1: economy is accelerating, the growth of the debt is accelerating. 39 00:02:18,080 --> 00:02:21,239 Speaker 1: The interest on the debt based off that is accelerating, 40 00:02:22,720 --> 00:02:24,040 Speaker 1: Inflation is accelerating. 41 00:02:24,080 --> 00:02:26,200 Speaker 2: I was hesitant to even say it because you already 42 00:02:26,200 --> 00:02:28,840 Speaker 2: know it. We don't have to go economic numbers. 43 00:02:28,840 --> 00:02:29,040 Speaker 3: Wow. 44 00:02:29,120 --> 00:02:31,760 Speaker 1: I mean, the Wall Street Journal says today you know this. 45 00:02:32,200 --> 00:02:35,400 Speaker 1: Everyone knows this. When you live today, you buy anything, 46 00:02:35,480 --> 00:02:40,520 Speaker 1: you can see what's happening out there, and this is 47 00:02:40,600 --> 00:02:44,400 Speaker 1: part of why I've been so angry at the GOP 48 00:02:44,639 --> 00:02:47,960 Speaker 1: and Democrats for the spending. For the longest time, I've 49 00:02:47,960 --> 00:02:51,000 Speaker 1: been angry about the spending, but lately I'm getting. 50 00:02:50,680 --> 00:02:52,040 Speaker 2: More and more angry. 51 00:02:52,360 --> 00:02:55,280 Speaker 1: Why because look, even if ten years ago you could 52 00:02:55,320 --> 00:02:57,560 Speaker 1: deny that the spending was a problem, the debt was 53 00:02:57,600 --> 00:03:00,000 Speaker 1: a problem, well, Jesse, I think we can withstand it. 54 00:03:00,320 --> 00:03:04,200 Speaker 1: Nobody can deny what we're seeing now. No Republican, no Democrat, nobody, 55 00:03:04,320 --> 00:03:07,120 Speaker 1: nobody who can read can deny the fact that the 56 00:03:07,160 --> 00:03:10,840 Speaker 1: boat is taking on water so quickly that we're going under. 57 00:03:11,360 --> 00:03:12,560 Speaker 2: And still the. 58 00:03:12,560 --> 00:03:16,880 Speaker 1: People at the highest levels of power in this country talk, well, 59 00:03:17,520 --> 00:03:19,480 Speaker 1: like Bench McConnell talks. 60 00:03:19,840 --> 00:03:24,519 Speaker 4: Is sixty billion dollars enough money for Ukraine to push 61 00:03:24,560 --> 00:03:26,120 Speaker 4: back Russia decisively? 62 00:03:27,600 --> 00:03:32,840 Speaker 5: Well, we hope show it's actually only zero point two 63 00:03:32,919 --> 00:03:37,320 Speaker 5: percent of our gross domestic product. So put in in 64 00:03:37,360 --> 00:03:43,160 Speaker 5: that context, it's not a whole lot of money for us. 65 00:03:44,440 --> 00:03:47,280 Speaker 6: Not a whole lot of money. It's just it's just 66 00:03:47,320 --> 00:03:48,320 Speaker 6: zero point two percent. 67 00:03:48,360 --> 00:03:53,280 Speaker 1: It's just sixty billion dollars. Why are you whining these people? 68 00:03:54,520 --> 00:03:57,920 Speaker 1: They don't care. They know all the numbers. They have 69 00:03:58,000 --> 00:04:00,400 Speaker 1: all the numbers. I have you and I We don't 70 00:04:00,400 --> 00:04:03,200 Speaker 1: have special access to these numbers that they don't have 71 00:04:03,280 --> 00:04:06,680 Speaker 1: access to. Mitch McConnell knows everything about the debt, the 72 00:04:06,760 --> 00:04:10,000 Speaker 1: interest rates, inflation, and they just don't give a crap. 73 00:04:10,120 --> 00:04:14,400 Speaker 1: We found out today from the AARP twenty five percent 74 00:04:14,920 --> 00:04:20,320 Speaker 1: of people fifty and older believe they will never retire. 75 00:04:21,160 --> 00:04:26,800 Speaker 1: They simply can't afford the American dream. For Americans, it's 76 00:04:26,880 --> 00:04:30,760 Speaker 1: not being destroyed in the future, you know. It's not 77 00:04:30,839 --> 00:04:35,159 Speaker 1: troubles that are coming. They're happening now right now. Wealth 78 00:04:35,640 --> 00:04:40,359 Speaker 1: is disappearing, small businesses disappearing, the middle class disappearing, old 79 00:04:40,360 --> 00:04:44,080 Speaker 1: people getting crushed, people on fixed incomes getting crushed. You 80 00:04:44,120 --> 00:04:46,839 Speaker 1: can't avoid inflation. No one can escape it. I can't, 81 00:04:46,880 --> 00:04:50,400 Speaker 1: you can't, nobody can. The spending, the printing has brought 82 00:04:50,480 --> 00:04:55,039 Speaker 1: us here, and no one's stopping, no one's even slowing down. 83 00:04:56,520 --> 00:05:00,320 Speaker 2: It's bad. It's really, really bad. And the problem with. 84 00:05:01,279 --> 00:05:04,520 Speaker 1: Bad economies and bad economic situations, when it's debt and 85 00:05:04,560 --> 00:05:09,559 Speaker 1: interest in inflation is bad, almost always leads to more bad. 86 00:05:09,600 --> 00:05:12,960 Speaker 1: It really really snowballs terribly. And actually that's what we're 87 00:05:12,960 --> 00:05:15,440 Speaker 1: going to talk to Carol Roth about. So let's talk 88 00:05:15,480 --> 00:05:19,320 Speaker 1: to her. So joining me now the wonderful Carol Roth, 89 00:05:19,560 --> 00:05:24,560 Speaker 1: author of many books but hers. Her latest is particularly 90 00:05:24,640 --> 00:05:27,760 Speaker 1: on the nose for where we're at today, titled You 91 00:05:27,800 --> 00:05:32,640 Speaker 1: Will Own Nothing, highly recommended. Okay, Carol, the GDP, well, 92 00:05:32,640 --> 00:05:33,560 Speaker 1: you wanted it to. 93 00:05:33,520 --> 00:05:36,640 Speaker 6: Grow two point four. It didn't do that. It grew 94 00:05:36,680 --> 00:05:39,240 Speaker 6: one point six. When you're talking about a twenty trillion 95 00:05:39,279 --> 00:05:42,799 Speaker 6: dollar economy, that tiny little eighth of a percentage point 96 00:05:42,839 --> 00:05:44,120 Speaker 6: is kind of a really big deal. 97 00:05:44,240 --> 00:05:46,080 Speaker 2: What are we looking at today? 98 00:05:46,680 --> 00:05:50,040 Speaker 4: So this was an ugly GDP report and is not 99 00:05:50,120 --> 00:05:53,000 Speaker 4: going to be a surprise to probably you, Jesse, to 100 00:05:53,160 --> 00:05:56,240 Speaker 4: me two people who have been following this because the 101 00:05:56,360 --> 00:05:59,640 Speaker 4: emperor has no clothes and while there's been a lot 102 00:05:59,680 --> 00:06:02,359 Speaker 4: of justtions with laser light shows to make him appear 103 00:06:02,680 --> 00:06:05,279 Speaker 4: to some people as though he's been wearing clothes, it 104 00:06:05,360 --> 00:06:09,080 Speaker 4: is now becoming more and more clear that he's absolutely naked. 105 00:06:09,560 --> 00:06:13,400 Speaker 4: So we saw some pretty paltry growth of one point 106 00:06:13,480 --> 00:06:17,840 Speaker 4: six percent, as you said, And this is coming at 107 00:06:17,880 --> 00:06:21,880 Speaker 4: a time when we're showing deficits to GDP which are 108 00:06:22,080 --> 00:06:27,040 Speaker 4: kind of double the historic average, So that means that 109 00:06:27,080 --> 00:06:31,160 Speaker 4: we're getting less bang for our buck as the government 110 00:06:31,240 --> 00:06:34,080 Speaker 4: continues to spend, they are not able to turn that 111 00:06:34,279 --> 00:06:39,360 Speaker 4: into any growth. Surprise, surprise. The government isn't a good 112 00:06:39,400 --> 00:06:41,880 Speaker 4: steward of capital and not productive with money, and it 113 00:06:41,880 --> 00:06:43,840 Speaker 4: would be better in the hands of the private sector. 114 00:06:44,080 --> 00:06:47,240 Speaker 4: Again many of us knew that. At the same time, 115 00:06:47,440 --> 00:06:50,039 Speaker 4: one of the things in this report was what was 116 00:06:50,080 --> 00:06:52,640 Speaker 4: going on with prices. So you might expect, as the 117 00:06:52,680 --> 00:06:55,520 Speaker 4: economy is beginning to slow that maybe some of that 118 00:06:55,600 --> 00:06:58,560 Speaker 4: inflation would be slowing down as well to match it. 119 00:06:58,680 --> 00:07:01,839 Speaker 4: But no, no, no, course not, because as we know, 120 00:07:02,400 --> 00:07:05,279 Speaker 4: everybody has been doing the wrong thing, including the government 121 00:07:05,640 --> 00:07:08,880 Speaker 4: in that respect. So we saw that prices, the price 122 00:07:08,960 --> 00:07:13,400 Speaker 4: component of this report started to accelerate. Again, that also 123 00:07:13,840 --> 00:07:17,400 Speaker 4: beat expectations in the wrong way. So that means that 124 00:07:17,760 --> 00:07:21,440 Speaker 4: we're seeing increasing inflation, which again many of us knew. 125 00:07:21,920 --> 00:07:25,400 Speaker 4: So when you have an economy that is stagnating and 126 00:07:25,440 --> 00:07:28,760 Speaker 4: you have inflation that is increasing, you get something that 127 00:07:28,800 --> 00:07:32,480 Speaker 4: we've talked about before, which is called stagflation, which is 128 00:07:32,480 --> 00:07:35,640 Speaker 4: sort of the buffet of the worst options kind of 129 00:07:35,720 --> 00:07:38,960 Speaker 4: left over for you. And when you hear people like 130 00:07:39,120 --> 00:07:43,160 Speaker 4: Jamie Diamond of JP Morgan Chase saying I'm worried that 131 00:07:43,200 --> 00:07:45,280 Speaker 4: we are going to have an economy that looks a 132 00:07:45,320 --> 00:07:48,120 Speaker 4: little bit more like the seventies. That was where you 133 00:07:48,160 --> 00:07:51,560 Speaker 4: saw a double dip inflation, where I guess should say 134 00:07:51,640 --> 00:07:55,040 Speaker 4: a double spike in inflation. We saw come up, go down, 135 00:07:55,080 --> 00:07:57,240 Speaker 4: and go back up again, and then you ended up 136 00:07:57,280 --> 00:08:01,200 Speaker 4: with many years of this stagflationary environt So that's really 137 00:08:01,200 --> 00:08:04,120 Speaker 4: what we're seeing. It puts the FED between a rock 138 00:08:04,160 --> 00:08:06,720 Speaker 4: and a hard place in terms of their decisions. But 139 00:08:06,840 --> 00:08:09,160 Speaker 4: at the end of the day, this is all the 140 00:08:09,200 --> 00:08:13,120 Speaker 4: government's fault and until they get their act together, you know, 141 00:08:13,160 --> 00:08:16,760 Speaker 4: which is going to be never, we're in for a 142 00:08:16,800 --> 00:08:19,320 Speaker 4: stagnating economy. 143 00:08:18,680 --> 00:08:19,480 Speaker 3: And more inflation. 144 00:08:21,000 --> 00:08:23,200 Speaker 1: Okay, So since neither of us are going to hold 145 00:08:23,240 --> 00:08:26,800 Speaker 1: our breath until the government gets its act together, where 146 00:08:26,840 --> 00:08:29,320 Speaker 1: does this take us? Because this may be similar to 147 00:08:29,360 --> 00:08:32,240 Speaker 1: the seventies, but there is something way way different than 148 00:08:32,280 --> 00:08:36,240 Speaker 1: the seventies, and that's our debt to GDP ratio. Yeah, Pierrel, 149 00:08:36,679 --> 00:08:39,640 Speaker 1: I know it was bad in the seventies. Today it's suicidal. 150 00:08:39,720 --> 00:08:43,280 Speaker 1: That is drastically different today than it was fifty years ago. 151 00:08:43,880 --> 00:08:47,640 Speaker 1: That component of it, the interest rates, the debt to GDPs, 152 00:08:47,760 --> 00:08:49,240 Speaker 1: the servicing of the debt. 153 00:08:49,600 --> 00:08:50,600 Speaker 2: How does that hurt. 154 00:08:50,480 --> 00:08:54,640 Speaker 4: Us more so when we're looking at what the FED 155 00:08:54,760 --> 00:08:57,840 Speaker 4: might do and the decisions that they're thinking about making. 156 00:08:59,640 --> 00:09:02,120 Speaker 4: I would argue that they should cut rates. But the 157 00:09:02,160 --> 00:09:05,480 Speaker 4: normal thinking, because of course not a normal thinker, although 158 00:09:05,520 --> 00:09:08,480 Speaker 4: I'm usually right about these things, the normal thinking is, oh, 159 00:09:08,480 --> 00:09:10,720 Speaker 4: they're going to cut interest rates, and that that is 160 00:09:10,760 --> 00:09:13,480 Speaker 4: going to stoke inflation, and that's something they don't want 161 00:09:13,480 --> 00:09:14,880 Speaker 4: to do. They don't want to be on the hook 162 00:09:14,920 --> 00:09:17,720 Speaker 4: for that higher inflation that they told us wasn't coming 163 00:09:17,720 --> 00:09:20,600 Speaker 4: and was transitory and all of that good stuff, even 164 00:09:20,640 --> 00:09:22,400 Speaker 4: though they don't have the right tools to fix that, 165 00:09:22,440 --> 00:09:24,880 Speaker 4: and the government is completely moving in the opposite of 166 00:09:24,920 --> 00:09:28,760 Speaker 4: direction and working against them. So if they're seeing inflation 167 00:09:28,960 --> 00:09:32,160 Speaker 4: go up now, the market's starting to ask itself, well, 168 00:09:32,200 --> 00:09:36,160 Speaker 4: could they hike interest rates? And that's where really puts 169 00:09:36,240 --> 00:09:38,840 Speaker 4: us in a potential world of hurt because we've seen 170 00:09:38,880 --> 00:09:42,400 Speaker 4: the projections Bank of America a few weeks ago projected 171 00:09:42,640 --> 00:09:44,840 Speaker 4: that by the end of the year, if there was 172 00:09:44,880 --> 00:09:47,280 Speaker 4: no changes to spending and there was no changes to 173 00:09:47,320 --> 00:09:49,560 Speaker 4: FED interest rates, by the end of the year, we'd 174 00:09:49,559 --> 00:09:52,000 Speaker 4: be at a run rate of one point six trillion 175 00:09:52,080 --> 00:09:54,920 Speaker 4: dollars in terms of the interest we're paying on our debt, 176 00:09:54,960 --> 00:09:57,760 Speaker 4: it would be the biggest line item in the budget, 177 00:09:57,920 --> 00:10:01,440 Speaker 4: bigger than Social Security, mea care, all those other things, 178 00:10:01,440 --> 00:10:03,680 Speaker 4: so that we'd be spending the most on paying for 179 00:10:03,720 --> 00:10:06,080 Speaker 4: the debt for the things that we've already bought. Now, 180 00:10:06,280 --> 00:10:09,960 Speaker 4: if the FED were to increase interest rates, then that 181 00:10:10,000 --> 00:10:13,240 Speaker 4: would add to that amount, and then that becomes, in 182 00:10:13,320 --> 00:10:16,960 Speaker 4: my opinion, even more inflation area as well, because that 183 00:10:17,120 --> 00:10:19,880 Speaker 4: means that we have even bigger deficits that we need 184 00:10:19,920 --> 00:10:24,040 Speaker 4: to finance. The demand for our debt is not great. 185 00:10:24,080 --> 00:10:26,839 Speaker 4: As we know. Central banks around the world have been 186 00:10:26,880 --> 00:10:29,560 Speaker 4: net sellers of debt for the last ten years, and 187 00:10:29,640 --> 00:10:32,280 Speaker 4: so people are going to be demanding investors of demanding 188 00:10:32,360 --> 00:10:36,000 Speaker 4: higher prices for that. So we are really in this 189 00:10:36,160 --> 00:10:39,400 Speaker 4: really bad place of fiscal dominance. What the FED needs 190 00:10:39,440 --> 00:10:43,240 Speaker 4: to do again is not say we're going to lower. 191 00:10:43,000 --> 00:10:43,720 Speaker 2: We're going to raise. 192 00:10:43,760 --> 00:10:45,520 Speaker 4: They need to go to the government and say you 193 00:10:45,760 --> 00:10:48,640 Speaker 4: got to get your act together because we're trying to 194 00:10:48,679 --> 00:10:51,440 Speaker 4: do this thing and you're doing exactly the opposite. You're 195 00:10:51,480 --> 00:10:54,000 Speaker 4: working against them. But it's an election year, that's not 196 00:10:54,040 --> 00:10:56,640 Speaker 4: going to happen. Powell's you know, said as much as 197 00:10:56,640 --> 00:11:00,080 Speaker 4: he's going to say, and so you know, there there 198 00:11:00,120 --> 00:11:03,559 Speaker 4: are a lot of potential outcomes depending on what the 199 00:11:03,640 --> 00:11:06,920 Speaker 4: policy ends up being, but none of them are good 200 00:11:07,400 --> 00:11:10,240 Speaker 4: for the average America. And whether that ends up being 201 00:11:10,640 --> 00:11:14,640 Speaker 4: high inflation, or they do something where they go back 202 00:11:14,679 --> 00:11:16,959 Speaker 4: to a seventies type of policy and really raise interest 203 00:11:17,000 --> 00:11:19,760 Speaker 4: rates and completely tank the economy, or you know, and 204 00:11:19,800 --> 00:11:21,680 Speaker 4: you again, you could end up with some cycle of 205 00:11:21,720 --> 00:11:24,559 Speaker 4: both of those. So again, the middle and working class 206 00:11:24,840 --> 00:11:28,600 Speaker 4: are getting screwed. It's being done by government and monetary policy. 207 00:11:28,800 --> 00:11:30,840 Speaker 4: We've been telling you that this is the consequence, and 208 00:11:30,880 --> 00:11:35,080 Speaker 4: you cannot have central planners messing with the economy for 209 00:11:35,160 --> 00:11:38,160 Speaker 4: fifteen years and expect that you're going to get out 210 00:11:38,160 --> 00:11:41,600 Speaker 4: of this without any consequences. Unfortunately, the people who are 211 00:11:41,640 --> 00:11:43,400 Speaker 4: in charge are not the ones who are accountable for 212 00:11:43,440 --> 00:11:47,160 Speaker 4: those consequences. It is you and your family and your 213 00:11:47,200 --> 00:11:48,360 Speaker 4: bank account. 214 00:11:49,760 --> 00:11:53,240 Speaker 1: Carol, Let's circle back to the interest on the debt 215 00:11:53,280 --> 00:11:55,560 Speaker 1: portion of that, because I caught that same thing too, 216 00:11:55,640 --> 00:11:57,679 Speaker 1: that it was already going to be a big fat 217 00:11:57,800 --> 00:12:02,640 Speaker 1: number without interest rates going up. How do we deal 218 00:12:02,880 --> 00:12:06,800 Speaker 1: with that number as a country with the interest only 219 00:12:06,880 --> 00:12:09,280 Speaker 1: loan and we can't cover the payments. How do we 220 00:12:09,360 --> 00:12:11,640 Speaker 1: even begin to tackle that problem? 221 00:12:12,520 --> 00:12:14,880 Speaker 4: Well, this goes back to math. There are only so 222 00:12:14,960 --> 00:12:16,520 Speaker 4: many things that you can do. 223 00:12:16,679 --> 00:12:16,880 Speaker 3: You know. 224 00:12:16,920 --> 00:12:20,320 Speaker 4: One of them is you can have a productivity miracle. 225 00:12:20,360 --> 00:12:23,720 Speaker 4: We could have a breakthrough in quantum computing or some 226 00:12:24,000 --> 00:12:28,440 Speaker 4: kind of you know, amazing nuclear fission and energy something 227 00:12:28,559 --> 00:12:31,720 Speaker 4: like that, and we could really grow the economy side, 228 00:12:31,760 --> 00:12:34,719 Speaker 4: and we can get more money to keep this all 229 00:12:34,760 --> 00:12:37,960 Speaker 4: in balance. You know, is it a possibility, Yes, but 230 00:12:38,240 --> 00:12:40,480 Speaker 4: you know I wouldn't be putting my odds on that 231 00:12:41,520 --> 00:12:44,319 Speaker 4: they could go back and try and cut some of 232 00:12:44,400 --> 00:12:47,760 Speaker 4: the programs and some of the government spending. We know 233 00:12:47,840 --> 00:12:51,160 Speaker 4: that that's not going to happen. So they continue to 234 00:12:51,440 --> 00:12:54,080 Speaker 4: run up this debt, which is going to be the 235 00:12:54,120 --> 00:12:57,199 Speaker 4: deficit's going to be increased, and the debt ultimately increased 236 00:12:57,320 --> 00:13:00,319 Speaker 4: by more and more interest payments, and that is they 237 00:13:00,320 --> 00:13:03,720 Speaker 4: have to finance that. And when you don't have enough 238 00:13:03,840 --> 00:13:06,920 Speaker 4: buyers at at least a certain pride, they have two choices. 239 00:13:06,960 --> 00:13:10,720 Speaker 4: They have enough buyers that they raise up the interest 240 00:13:10,800 --> 00:13:13,760 Speaker 4: that they're that they're going to charge and try and 241 00:13:14,080 --> 00:13:16,840 Speaker 4: track more people, which would suck more money out of 242 00:13:16,960 --> 00:13:21,120 Speaker 4: private investment and again create even more debt for or 243 00:13:21,200 --> 00:13:25,920 Speaker 4: more interest for us, or ultimately they have some sort 244 00:13:25,960 --> 00:13:29,720 Speaker 4: of monetization of the debt like we saw over the past, 245 00:13:29,800 --> 00:13:33,199 Speaker 4: you know, the couple of years during the COVID scenario. 246 00:13:33,679 --> 00:13:36,760 Speaker 4: And we know that that itself is inflationary. And so 247 00:13:36,880 --> 00:13:41,720 Speaker 4: that's why I'm so focused on this sticky inflation thesis 248 00:13:42,160 --> 00:13:44,840 Speaker 4: because it is coming, you know, not just from the 249 00:13:44,880 --> 00:13:48,439 Speaker 4: monetary policy side, It's coming from this fiscal foundation. If 250 00:13:48,440 --> 00:13:51,360 Speaker 4: we don't have the people to buy the debt at 251 00:13:51,360 --> 00:13:54,920 Speaker 4: a reasonable price, eventually the Fed in some way, shape 252 00:13:55,040 --> 00:13:57,320 Speaker 4: or form, whatever they call it. They come up with 253 00:13:57,360 --> 00:13:59,880 Speaker 4: these weird names and programs all the time, but their 254 00:14:00,000 --> 00:14:02,400 Speaker 4: going to find a way to monetize it. That is 255 00:14:02,440 --> 00:14:05,920 Speaker 4: the printing of more money, and that means that is 256 00:14:06,040 --> 00:14:07,720 Speaker 4: ruining your purchasing power. 257 00:14:09,240 --> 00:14:14,480 Speaker 1: Yeah, which brings us finally to bricks. I know that 258 00:14:14,760 --> 00:14:16,640 Speaker 1: we're not going to get off the dollar being the 259 00:14:16,640 --> 00:14:20,760 Speaker 1: world's reserve currency tomorrow. I'm not naive, but man, Carol, 260 00:14:20,800 --> 00:14:23,760 Speaker 1: it sure seems like we're inching towards that direction, doesn't it. 261 00:14:25,520 --> 00:14:25,800 Speaker 2: Well. 262 00:14:25,960 --> 00:14:28,120 Speaker 4: I think that this is something that's been building a 263 00:14:28,160 --> 00:14:30,240 Speaker 4: long time. For a long time, I talked about this 264 00:14:30,600 --> 00:14:33,960 Speaker 4: and you will own nothing. And certainly as the US 265 00:14:34,040 --> 00:14:37,240 Speaker 4: has not only neglected the dollar, you know, as the 266 00:14:37,240 --> 00:14:42,280 Speaker 4: reserve currency, keeping it stable either domestically or on an 267 00:14:42,360 --> 00:14:47,160 Speaker 4: international basis. And now we have the weaponization of the dollar. 268 00:14:47,280 --> 00:14:50,240 Speaker 4: You know, you've got Yellen who's trying to get all 269 00:14:50,280 --> 00:14:53,800 Speaker 4: these Russian reserves and to flip them over, cash them 270 00:14:53,800 --> 00:14:57,280 Speaker 4: in and give them to Ukraine. Countries around the world 271 00:14:57,320 --> 00:14:58,880 Speaker 4: are going, yeah, I don't know that. We want to 272 00:14:58,960 --> 00:15:02,200 Speaker 4: keep our money with the US and in US treasuries. 273 00:15:02,440 --> 00:15:04,440 Speaker 4: And that's why central banks around the world have been 274 00:15:04,480 --> 00:15:06,960 Speaker 4: net sellers. Over the last ten years. We've had almost 275 00:15:07,000 --> 00:15:09,840 Speaker 4: seventeen trillion dollars a debt we've issued, and on a 276 00:15:09,880 --> 00:15:13,080 Speaker 4: net basis, central banks have sold about one hundred billion 277 00:15:13,160 --> 00:15:15,600 Speaker 4: over that time. So they are not the ones buying 278 00:15:16,680 --> 00:15:19,680 Speaker 4: our currency. What they're buying, though Jesse is not another currency. 279 00:15:19,680 --> 00:15:21,920 Speaker 4: It's not like they're they're going and replacing the US 280 00:15:21,960 --> 00:15:25,200 Speaker 4: dollar with something the currency of another country. What they're 281 00:15:25,240 --> 00:15:28,360 Speaker 4: replacing it with is gold. And that's what we're seeing 282 00:15:28,480 --> 00:15:31,720 Speaker 4: over and over again these countries, particularly the Chinas of 283 00:15:31,760 --> 00:15:35,160 Speaker 4: the world, Russia, Turkey to some extent that they have 284 00:15:35,320 --> 00:15:38,920 Speaker 4: been loading up on gold as the reserve, and they're 285 00:15:39,040 --> 00:15:42,960 Speaker 4: using that not to officially back their currency, but sort 286 00:15:43,000 --> 00:15:45,960 Speaker 4: of as a settlement. So as those countries trade amongst 287 00:15:46,000 --> 00:15:49,920 Speaker 4: themselves and there is maybe a little bit that's left over, 288 00:15:50,280 --> 00:15:54,240 Speaker 4: instead of settling that in the yuan, the Chinese currency, 289 00:15:54,480 --> 00:15:56,240 Speaker 4: they say, well, if you want, you can trade that 290 00:15:56,400 --> 00:15:58,720 Speaker 4: in for gold. And so I think that we're going 291 00:15:58,760 --> 00:16:02,880 Speaker 4: to see that being a more and more important part 292 00:16:03,200 --> 00:16:07,400 Speaker 4: of what's happening globally, because that is something that no 293 00:16:07,480 --> 00:16:10,440 Speaker 4: matter what country you are in, all the central banks 294 00:16:10,440 --> 00:16:13,840 Speaker 4: have some amount of it, and you know, certainly we've 295 00:16:13,840 --> 00:16:17,080 Speaker 4: got a five thousand year plus social contract around it. 296 00:16:17,160 --> 00:16:20,800 Speaker 4: So I would look instead of having some other currency, 297 00:16:21,240 --> 00:16:24,160 Speaker 4: you know, necessarily supplant the US dollar, I think that 298 00:16:24,200 --> 00:16:25,680 Speaker 4: you could see gold playing. 299 00:16:25,360 --> 00:16:26,080 Speaker 7: More of a role. 300 00:16:26,440 --> 00:16:28,800 Speaker 4: But what it does mean here in the United States 301 00:16:29,240 --> 00:16:31,640 Speaker 4: is that with the dollar not having this sort of 302 00:16:31,680 --> 00:16:34,480 Speaker 4: privileged position, is it means everything's going to be more 303 00:16:34,520 --> 00:16:37,160 Speaker 4: expensive for US bottom line. And so I think we're 304 00:16:37,200 --> 00:16:41,480 Speaker 4: going to be living through several decades going forward that 305 00:16:41,560 --> 00:16:43,800 Speaker 4: are nothing like the ones that we grew up in, 306 00:16:44,160 --> 00:16:47,080 Speaker 4: and it's not going to be to our benefit unless again, 307 00:16:47,440 --> 00:16:51,840 Speaker 4: we have a productivity miracle which changes everything. So if 308 00:16:52,200 --> 00:16:55,560 Speaker 4: you're putting forth investment dollars as the government, that's where 309 00:16:55,600 --> 00:16:58,040 Speaker 4: you should be putting it towards. But certainly that's not 310 00:16:58,080 --> 00:17:01,160 Speaker 4: what they're doing, no doubt about it. 311 00:17:01,320 --> 00:17:05,560 Speaker 2: Carol, thank you, ma'am. You are the best all right. 312 00:17:06,640 --> 00:17:10,360 Speaker 1: All that may have made you uncomfortable, but I'm right, 313 00:17:10,400 --> 00:17:13,560 Speaker 1: and so she lawfair makes you uncomfortable too. We'll talk 314 00:17:13,640 --> 00:17:16,439 Speaker 1: to Bill Jacobson about what happened at the Supreme Court. 315 00:17:16,760 --> 00:17:18,840 Speaker 1: We'll talk to him next. Before we talked to Bill, 316 00:17:19,160 --> 00:17:23,639 Speaker 1: let's talk about your feet. Your feet. You've heard a 317 00:17:23,680 --> 00:17:27,320 Speaker 1: gravity to fire by now everyone has. Why why is 318 00:17:27,359 --> 00:17:32,159 Speaker 1: everyone talking about gravity to fire shoes? Why people are 319 00:17:32,200 --> 00:17:34,440 Speaker 1: starting to wake up and realize your feet are everything 320 00:17:34,680 --> 00:17:39,719 Speaker 1: everything you need to take care of them. Gravity to fire. 321 00:17:40,119 --> 00:17:45,920 Speaker 1: Every pair comes with custom orthotics. You see. Your shoes 322 00:17:46,119 --> 00:17:49,439 Speaker 1: need to be made for your feet, not the general 323 00:17:49,480 --> 00:17:53,000 Speaker 1: public's feet, your feet. And that's what gravity to fire 324 00:17:53,080 --> 00:17:53,639 Speaker 1: brings to you. 325 00:17:53,720 --> 00:17:54,600 Speaker 2: At the end of the day. 326 00:17:55,080 --> 00:17:59,280 Speaker 1: Wouldn't you love to have your feet feel good, not sore, 327 00:17:59,440 --> 00:18:02,639 Speaker 1: not tired, not achy, but good. Even that little spot 328 00:18:02,680 --> 00:18:05,239 Speaker 1: on your heel that bothers you, you can have that. 329 00:18:05,280 --> 00:18:06,639 Speaker 1: You know that, right, Here's what you need to do. 330 00:18:07,320 --> 00:18:11,119 Speaker 1: Go to g d e f y dot com use 331 00:18:11,240 --> 00:18:14,160 Speaker 1: the promote code jesse, so you save yourself a pile 332 00:18:14,240 --> 00:18:14,639 Speaker 1: of money. 333 00:18:15,280 --> 00:18:18,880 Speaker 2: G D e f y dot com. We'll be back. 334 00:18:27,640 --> 00:18:29,520 Speaker 1: There was a big immunity case today in front of 335 00:18:29,520 --> 00:18:32,200 Speaker 1: the Supreme Court. Arguments in front of the Supreme Court. 336 00:18:32,240 --> 00:18:36,479 Speaker 1: How immune is Donald Trump from all the various things 337 00:18:36,520 --> 00:18:37,679 Speaker 1: that they're throwing at him. 338 00:18:37,720 --> 00:18:39,480 Speaker 2: I don't know. I don't know how it went today. 339 00:18:39,760 --> 00:18:42,840 Speaker 1: Of course, some justices sounded like it was gonna go 340 00:18:42,880 --> 00:18:43,720 Speaker 1: well for Trump. 341 00:18:44,000 --> 00:18:46,600 Speaker 2: Some didn't. Joining me, now, the Great William A. 342 00:18:46,880 --> 00:18:51,480 Speaker 1: Jacobson, founder of Legal Insurrection, professor at Cornell. Okay, Bill, 343 00:18:51,960 --> 00:18:54,240 Speaker 1: you heard it today. You have a much different ear 344 00:18:54,320 --> 00:18:56,160 Speaker 1: that I have, meaning yours is educated. 345 00:18:56,240 --> 00:18:58,480 Speaker 2: Mine is not. How'd this go for Trump today? 346 00:19:00,040 --> 00:19:02,359 Speaker 3: I'd say it went well. I don't think he's going 347 00:19:02,400 --> 00:19:04,320 Speaker 3: to hit home run here. I don't think his case 348 00:19:04,400 --> 00:19:07,680 Speaker 3: is going to be thrown out as such. The issue 349 00:19:07,720 --> 00:19:14,280 Speaker 3: is whether official prosecution, and I think that's what the 350 00:19:14,320 --> 00:19:16,600 Speaker 3: Court's going to rule. The answer is yes on that. 351 00:19:16,800 --> 00:19:20,960 Speaker 3: But they're not going to say this case against Donald 352 00:19:20,960 --> 00:19:23,439 Speaker 3: Trump gets thrown out. They'll send it back down to 353 00:19:23,480 --> 00:19:26,840 Speaker 3: the district court. In all likelihood and say that you've 354 00:19:26,840 --> 00:19:29,160 Speaker 3: got to examine it under our rulings. So I think 355 00:19:29,160 --> 00:19:31,560 Speaker 3: he'll get a legal win here, but he's not going 356 00:19:31,600 --> 00:19:33,720 Speaker 3: to get a win in the real sense. What he 357 00:19:33,760 --> 00:19:36,280 Speaker 3: will get is even more delay in that trial, which 358 00:19:36,280 --> 00:19:38,080 Speaker 3: would push it after the election. 359 00:19:39,800 --> 00:19:41,280 Speaker 2: Okay, that's good. 360 00:19:41,359 --> 00:19:44,720 Speaker 1: Tell us why we're not going to get the win 361 00:19:44,920 --> 00:19:48,119 Speaker 1: win that many Trump supporters would want, and most people 362 00:19:48,119 --> 00:19:50,439 Speaker 1: looking at this think we should get Why not? 363 00:19:51,760 --> 00:19:54,919 Speaker 3: I think because the court court is just hesitant to 364 00:19:55,040 --> 00:19:58,679 Speaker 3: get very deep in the weeds of the indictment. I 365 00:19:58,680 --> 00:20:01,440 Speaker 3: think it was Justice Barrett today was going over some 366 00:20:01,480 --> 00:20:04,960 Speaker 3: of the allegations and some of the claims and asking 367 00:20:05,040 --> 00:20:09,960 Speaker 3: the attorney for Trump, is this official business or is 368 00:20:10,040 --> 00:20:13,679 Speaker 3: this private business? And the answers went back and forth. 369 00:20:13,920 --> 00:20:16,040 Speaker 3: I just don't see the court going through a lengthy 370 00:20:16,040 --> 00:20:19,720 Speaker 3: indictment paragraph by paragraph and saying this is in this 371 00:20:19,880 --> 00:20:22,480 Speaker 3: is app That's something that normally a district court would do. 372 00:20:23,119 --> 00:20:26,000 Speaker 3: So I think they will issue a pronouncement of law. 373 00:20:26,359 --> 00:20:29,720 Speaker 3: They will uphold the question that was before them when 374 00:20:29,760 --> 00:20:32,080 Speaker 3: this was brought to them, they said we will accept 375 00:20:32,080 --> 00:20:36,040 Speaker 3: this case on the following question. And I'm paraphrasing. Now 376 00:20:36,119 --> 00:20:42,400 Speaker 3: are the official actions of a president immune from prosecution, 377 00:20:42,680 --> 00:20:45,840 Speaker 3: and if so, to what extent. So they will rule 378 00:20:46,080 --> 00:20:48,320 Speaker 3: that this is either immune or not, and they may 379 00:20:48,400 --> 00:20:55,200 Speaker 3: even rule the breadth of the immunity. But I don't 380 00:20:55,240 --> 00:20:58,040 Speaker 3: see them pulling out the indictment and going through it 381 00:20:58,200 --> 00:21:00,960 Speaker 3: line by line and saying this is in this is 382 00:21:00,960 --> 00:21:03,720 Speaker 3: app That's not something the Supreme Court normally does. 383 00:21:05,280 --> 00:21:07,320 Speaker 2: Okay, let's set that aside. 384 00:21:07,320 --> 00:21:09,960 Speaker 1: Trump was not there today, although I'm sure he wanted 385 00:21:10,000 --> 00:21:12,320 Speaker 1: to be. Trump was in New York City, where he's 386 00:21:12,400 --> 00:21:15,359 Speaker 1: required to be at this ridiculous trial that everyone knows 387 00:21:15,440 --> 00:21:19,240 Speaker 1: is ridiculous. But ridiculous doesn't mean it's not going poorly 388 00:21:19,359 --> 00:21:19,720 Speaker 1: for him. 389 00:21:19,720 --> 00:21:20,800 Speaker 2: How is it going there? 390 00:21:21,640 --> 00:21:23,320 Speaker 3: Yeah, it's hard to know. We only know what the 391 00:21:23,359 --> 00:21:26,560 Speaker 3: media reports. So I wish it was live streamed. I 392 00:21:26,560 --> 00:21:29,320 Speaker 3: wish we could watch it ourselves and reach our own conclusions. 393 00:21:29,520 --> 00:21:33,240 Speaker 3: What the prosecution appears to be doing is proving a 394 00:21:33,240 --> 00:21:35,760 Speaker 3: lot of stuff that is not in and of itself illegal, 395 00:21:36,680 --> 00:21:41,600 Speaker 3: the relationship with whoever the money paid. There's nothing illegal 396 00:21:41,640 --> 00:21:44,640 Speaker 3: about paying someone to be quiet. That happens every day 397 00:21:44,680 --> 00:21:47,520 Speaker 3: in lawsuits around the country, probably hundreds of times a 398 00:21:47,600 --> 00:21:50,240 Speaker 3: day in the United States. Someone gets money, and part 399 00:21:50,280 --> 00:21:54,560 Speaker 3: of that payment is a non disclosure agreement. Nothing unusual 400 00:21:54,600 --> 00:21:57,280 Speaker 3: about that, but that's what they seem to be starting 401 00:21:57,320 --> 00:21:59,800 Speaker 3: the case with. They want, as if they need to 402 00:22:00,119 --> 00:22:02,959 Speaker 3: vincent Manhattan jury to hate Trump. They want the jury 403 00:22:03,119 --> 00:22:05,520 Speaker 3: to hate Trump and to show that he did all 404 00:22:05,560 --> 00:22:09,160 Speaker 3: sorts of you know, nefarious stuff, but none of it's illegal, 405 00:22:09,240 --> 00:22:14,520 Speaker 3: so it seems that they're not. That's what their strategy is, 406 00:22:14,840 --> 00:22:17,960 Speaker 3: to build up the anti Trump aspect of the trial. 407 00:22:19,920 --> 00:22:21,960 Speaker 1: Yeah, like you said, as if they need any help 408 00:22:21,960 --> 00:22:23,520 Speaker 1: to hate Trump any more than they already do in 409 00:22:23,560 --> 00:22:26,199 Speaker 1: a place like Manhattan. Okay, let's shift gears to the 410 00:22:26,240 --> 00:22:29,760 Speaker 1: classified documents case, because for the longest time you've been 411 00:22:29,800 --> 00:22:32,840 Speaker 1: telling us this is the one that really may bite him. 412 00:22:32,880 --> 00:22:35,280 Speaker 1: This is the one, at least to you i'm paraphrasing, 413 00:22:35,600 --> 00:22:39,280 Speaker 1: looks most legitimate and like he may burn for it. 414 00:22:39,320 --> 00:22:43,240 Speaker 1: What do you make of this redacted unredacted documents update. 415 00:22:44,440 --> 00:22:47,719 Speaker 3: Yeah, that didn't strike me as usually significant. A lot 416 00:22:47,760 --> 00:22:50,200 Speaker 3: of people are making a big deal about that, and 417 00:22:50,480 --> 00:22:53,800 Speaker 3: I think you fairly paraphrased. My position on this was 418 00:22:53,800 --> 00:22:56,240 Speaker 3: that of the cases, this is the one where he 419 00:22:56,320 --> 00:23:00,199 Speaker 3: had the greatest exposure because rather than like New York 420 00:23:00,200 --> 00:23:04,080 Speaker 3: City or DC or Georgia. They are not relying on 421 00:23:04,200 --> 00:23:07,760 Speaker 3: convoluted novel legal theories. They're either going to prove their 422 00:23:07,800 --> 00:23:10,080 Speaker 3: case where they're not going to prove their case down 423 00:23:10,080 --> 00:23:12,680 Speaker 3: in Florida. But so that to me was the most 424 00:23:12,720 --> 00:23:16,120 Speaker 3: straightforward and the most risk to him. I think what 425 00:23:16,480 --> 00:23:20,200 Speaker 3: these documents that have been released, based upon what I've 426 00:23:20,240 --> 00:23:23,399 Speaker 3: seen the analysis is, it shows a bumbling government. It 427 00:23:23,440 --> 00:23:25,840 Speaker 3: shows a government that doesn't really know what it's doing, 428 00:23:26,160 --> 00:23:29,760 Speaker 3: but that doesn't necessarily relieve him of whatever legal obligations 429 00:23:29,800 --> 00:23:32,040 Speaker 3: he had. So I think that the case is the 430 00:23:32,080 --> 00:23:36,760 Speaker 3: same case it was before those redacted documents were released. 431 00:23:39,119 --> 00:23:42,800 Speaker 1: We got some pretty significant news out of Arizona as well. 432 00:23:42,880 --> 00:23:47,359 Speaker 1: We have I believe eleven Yes, Grangeury indicted, eleven Trump allies, 433 00:23:47,400 --> 00:23:52,560 Speaker 1: everyone from Mark Meadows to Rudy Giuliani. What is this 434 00:23:52,680 --> 00:23:55,600 Speaker 1: another ridiculous thing? Are these people going to prison? What's 435 00:23:55,640 --> 00:23:56,280 Speaker 1: happening here? 436 00:23:57,119 --> 00:23:59,320 Speaker 3: Yeah? And this one has to do with an alternative 437 00:23:59,359 --> 00:24:03,560 Speaker 3: slate of electors proposed by the Trump team, Maybe not 438 00:24:03,680 --> 00:24:07,840 Speaker 3: him himself, but they felt Arizona was stolen from them 439 00:24:07,840 --> 00:24:10,040 Speaker 3: and they wanted there to be a slate of electors 440 00:24:10,080 --> 00:24:13,920 Speaker 3: ready to go, and that is the issue. They are 441 00:24:13,960 --> 00:24:19,480 Speaker 3: being charged with fraud deceiving people as to these electors 442 00:24:19,480 --> 00:24:24,679 Speaker 3: and falsely portraying them as the legitimate electors. The problem 443 00:24:24,720 --> 00:24:28,760 Speaker 3: with this case in reality, forget what jury they're going 444 00:24:28,840 --> 00:24:31,440 Speaker 3: to have, is that no one was deceived. Everybody knew 445 00:24:31,480 --> 00:24:34,520 Speaker 3: exactly what Trump was doing or his supporters were doing. 446 00:24:34,800 --> 00:24:37,040 Speaker 3: They didn't think the election was fair, they think it 447 00:24:37,080 --> 00:24:40,080 Speaker 3: was stolen, and they were proposing their own slate of electors. 448 00:24:40,320 --> 00:24:43,440 Speaker 3: Nobody was tricked, It wasn't hidden. It all took place 449 00:24:43,480 --> 00:24:48,240 Speaker 3: in plain sight. So I think that is a really 450 00:24:49,840 --> 00:24:54,320 Speaker 3: incorrect theory that this was a fraudulent attempt to deceive people. 451 00:24:54,560 --> 00:24:57,119 Speaker 3: But that's not the point of this. With all of 452 00:24:57,160 --> 00:25:00,520 Speaker 3: these why is this being brought now at the end 453 00:25:00,560 --> 00:25:03,840 Speaker 3: of April. It's because we're entering into the election season 454 00:25:03,880 --> 00:25:09,000 Speaker 3: in Arizona and there's a hotly contested Senate race, which 455 00:25:09,280 --> 00:25:12,800 Speaker 3: may come down to how much bad coverage this gets. 456 00:25:13,000 --> 00:25:15,960 Speaker 3: And so why wasn't this brought two years ago? Every 457 00:25:16,000 --> 00:25:19,320 Speaker 3: single fact in this has been known for a long time, 458 00:25:19,760 --> 00:25:22,679 Speaker 3: is three and a half years old. Why wasn't this 459 00:25:22,720 --> 00:25:25,080 Speaker 3: brought a year or two? We could have had that trial, 460 00:25:25,400 --> 00:25:28,080 Speaker 3: people would have either been convicted or not convicted, but 461 00:25:28,160 --> 00:25:30,600 Speaker 3: it wouldn't have interfered with the election. So what this 462 00:25:30,680 --> 00:25:34,040 Speaker 3: Democrat prosecutor in Arizona has done is she is now 463 00:25:34,160 --> 00:25:38,159 Speaker 3: frozen a significant part of the leadership of the Republican 464 00:25:38,200 --> 00:25:42,320 Speaker 3: Party in Arizona. With these indictments, they're not going to 465 00:25:42,320 --> 00:25:45,280 Speaker 3: be able to really do anything. So again, whether it 466 00:25:45,320 --> 00:25:49,080 Speaker 3: has married or it doesn't. Every single one of these cases, 467 00:25:49,080 --> 00:25:51,800 Speaker 3: with the exception of Marilago because that all took place 468 00:25:51,880 --> 00:25:54,560 Speaker 3: later in time, but every one of these other cases 469 00:25:54,720 --> 00:25:57,600 Speaker 3: could have easily been brought two years ago, we would 470 00:25:57,640 --> 00:26:00,479 Speaker 3: know the results and voters could make their choice. But 471 00:26:00,520 --> 00:26:04,200 Speaker 3: they were deliberately delayed until the election year. And that's 472 00:26:04,280 --> 00:26:07,000 Speaker 3: all people really need to know about this case is 473 00:26:07,040 --> 00:26:09,760 Speaker 3: that this is being was delayed for three and a 474 00:26:09,800 --> 00:26:12,960 Speaker 3: half years in order to be dropped right on the 475 00:26:13,000 --> 00:26:14,159 Speaker 3: eve of a Senate election. 476 00:26:16,040 --> 00:26:19,720 Speaker 1: Okay, so we all know the deal. This is law fair. 477 00:26:20,400 --> 00:26:22,280 Speaker 1: That word has been thrown around a bunch because that's 478 00:26:22,280 --> 00:26:24,600 Speaker 1: what it is. Okay, this is all bad, it's evil, 479 00:26:24,640 --> 00:26:28,040 Speaker 1: it's wrong, it shouldn't happen, but it is happening. Bill, 480 00:26:28,680 --> 00:26:31,240 Speaker 1: What does that mean for the country. If this kind 481 00:26:31,240 --> 00:26:34,359 Speaker 1: of thing can happen, even let's say Trump gets away 482 00:26:34,400 --> 00:26:36,520 Speaker 1: with all this stuff and its people get out from 483 00:26:36,560 --> 00:26:38,320 Speaker 1: all this stuff and they get out from under it. 484 00:26:38,560 --> 00:26:41,680 Speaker 1: This very clearly is just how the country, how Democrats 485 00:26:41,680 --> 00:26:43,800 Speaker 1: at least are going to run elections from now on. 486 00:26:44,280 --> 00:26:47,000 Speaker 1: Shouldn't shouldn't there be something in place to stop this? 487 00:26:48,119 --> 00:26:50,800 Speaker 3: Yeah, there should be, But it's very difficult because there's 488 00:26:50,840 --> 00:26:54,159 Speaker 3: an imbalance, and there's an imbalance of evil here. The 489 00:26:54,200 --> 00:26:57,399 Speaker 3: Democrats are willing to do this stuff. Republican prosecutors are not. 490 00:26:57,960 --> 00:27:00,800 Speaker 3: And that's always the disparity. You always hear people say, oh, 491 00:27:00,840 --> 00:27:03,919 Speaker 3: Democrats have opened the door to this. They will regret 492 00:27:04,040 --> 00:27:06,320 Speaker 3: the day that they did this to Donald Trump. 493 00:27:06,440 --> 00:27:09,520 Speaker 8: No, they won't, because there's no Republican prosecutor who's going 494 00:27:09,560 --> 00:27:12,280 Speaker 8: to do this. There's no Republican prosecutor who's going to 495 00:27:12,359 --> 00:27:14,520 Speaker 8: wait two and a half or three years to dump 496 00:27:14,520 --> 00:27:18,280 Speaker 8: a case on the eve of elections in key swing states, 497 00:27:18,600 --> 00:27:20,119 Speaker 8: so they'd get away with it. 498 00:27:20,160 --> 00:27:21,840 Speaker 3: I don't know what the answer is. I wish I 499 00:27:21,920 --> 00:27:24,800 Speaker 3: had the answer to it. The answer to it is 500 00:27:24,880 --> 00:27:28,280 Speaker 3: to somehow, despite all the Shenanigan still win the election, 501 00:27:28,640 --> 00:27:31,320 Speaker 3: and when you get put in power, change the laws, 502 00:27:31,359 --> 00:27:35,840 Speaker 3: so this can't happen. But there is a difference in 503 00:27:35,880 --> 00:27:39,240 Speaker 3: agenda here and a difference in how people operate. So 504 00:27:39,359 --> 00:27:41,040 Speaker 3: it is a real problem, and I wish I had 505 00:27:41,040 --> 00:27:44,040 Speaker 3: the answer to it. How you can rein in rogue 506 00:27:44,240 --> 00:27:46,200 Speaker 3: local Democrat prosecutors. 507 00:27:48,200 --> 00:27:50,639 Speaker 1: Bill, You're a professor at an Ivy League university, so 508 00:27:50,680 --> 00:27:52,879 Speaker 1: I'm going to I want to acknowledge that. 509 00:27:52,760 --> 00:27:54,320 Speaker 2: Before I asked what I'm about to ask. 510 00:27:54,359 --> 00:27:56,200 Speaker 1: But I can't let you go without asking about all 511 00:27:56,200 --> 00:27:59,960 Speaker 1: the protests all over campus. It's all over the place, Columbia. 512 00:28:01,040 --> 00:28:04,000 Speaker 1: It's everywhere at our most elite universities. And what I'm 513 00:28:04,000 --> 00:28:06,360 Speaker 1: struggling with right now, Bill, is why I should care. 514 00:28:06,800 --> 00:28:09,640 Speaker 1: It's not that I don't value high education. I want 515 00:28:09,720 --> 00:28:12,160 Speaker 1: our country to have a great higher education system. It's 516 00:28:12,160 --> 00:28:15,280 Speaker 1: an important part of a country. But we don't, at 517 00:28:15,359 --> 00:28:18,560 Speaker 1: least in many pockets we don't. They produce these anti 518 00:28:18,640 --> 00:28:20,600 Speaker 1: American kids who hate the frigging. 519 00:28:20,400 --> 00:28:22,280 Speaker 2: Place, and then they go on to run the country. 520 00:28:22,680 --> 00:28:25,000 Speaker 1: So if a bunch of dirty street commies on the 521 00:28:25,000 --> 00:28:28,240 Speaker 1: street are messing with the administrators, why is why do 522 00:28:28,320 --> 00:28:28,920 Speaker 1: I have a crap? 523 00:28:30,119 --> 00:28:32,359 Speaker 3: Yeah? Well, I think you just mentioned why it matters 524 00:28:32,359 --> 00:28:34,880 Speaker 3: because these are the kids who are moving into the government, 525 00:28:34,920 --> 00:28:38,680 Speaker 3: who are moving into Democrat prosecutors' offices, who are moving 526 00:28:38,760 --> 00:28:42,040 Speaker 3: into Google and suppressing people. These are the people who 527 00:28:42,360 --> 00:28:45,400 Speaker 3: this is a serious problem. No, I don't think you 528 00:28:45,440 --> 00:28:48,120 Speaker 3: need to care about tents on the lawn at Columbia. 529 00:28:48,200 --> 00:28:51,880 Speaker 3: Nobody really cares about that. But the fact that elite 530 00:28:52,000 --> 00:28:56,520 Speaker 3: education particularly is so corrupted politically, I think affects the 531 00:28:56,560 --> 00:28:59,440 Speaker 3: whole country. What people need to understand is that these 532 00:28:59,720 --> 00:29:05,080 Speaker 3: are a combinate. What's happening this year is different than 533 00:29:05,120 --> 00:29:09,240 Speaker 3: in the past. This is a combination of far leftist, 534 00:29:09,400 --> 00:29:13,960 Speaker 3: almost Kamerouge style people who want to tear down our 535 00:29:14,040 --> 00:29:18,280 Speaker 3: society and start again at year zero. It's combined with 536 00:29:18,360 --> 00:29:21,280 Speaker 3: the Islamis who want to tear down our society and 537 00:29:21,320 --> 00:29:24,000 Speaker 3: start in the eighth century again. So this is a 538 00:29:24,040 --> 00:29:28,040 Speaker 3: really toxic movement and people need to understand. Israel is 539 00:29:28,080 --> 00:29:33,000 Speaker 3: simply the excuse. Israel is the organizing mechanism for them. 540 00:29:33,160 --> 00:29:35,920 Speaker 3: They can gin up universal hatred of Jews and the 541 00:29:36,000 --> 00:29:39,880 Speaker 3: universal hatred of Israel, but Israel is not really the target. 542 00:29:40,120 --> 00:29:43,720 Speaker 3: The United States is the target. They hate us. They 543 00:29:43,760 --> 00:29:47,760 Speaker 3: are forming what they call liberated zones liberated from what 544 00:29:48,280 --> 00:29:52,000 Speaker 3: liberated from our country. That's what they're liberated from. They 545 00:29:52,080 --> 00:29:56,200 Speaker 3: refer to the United States as Turtle Island. Turtle Island 546 00:29:56,680 --> 00:30:00,640 Speaker 3: is the mythical name that some Native Americans give to 547 00:30:00,760 --> 00:30:05,000 Speaker 3: the creation of the earth. They literally want to tear 548 00:30:05,080 --> 00:30:08,000 Speaker 3: us down. They do not recognize our own sovereignty in 549 00:30:08,040 --> 00:30:12,040 Speaker 3: this country. They're liberating themselves from our sovereignty. They want 550 00:30:12,080 --> 00:30:14,480 Speaker 3: to destroy us. That's why people should care. 551 00:30:16,000 --> 00:30:19,360 Speaker 1: Yeah, well I wish it was different, Bill, Thank you 552 00:30:19,400 --> 00:30:21,240 Speaker 1: so much, wish wishing. 553 00:30:20,920 --> 00:30:21,400 Speaker 2: You the best. 554 00:30:22,200 --> 00:30:27,080 Speaker 1: All right, let's talk about those Ivy League schools. In fact, 555 00:30:27,080 --> 00:30:29,520 Speaker 1: we have a graduate of one of those Ivy League schools. 556 00:30:30,080 --> 00:30:33,000 Speaker 1: Before we do that, let's talk about, Oh, what are 557 00:30:33,040 --> 00:30:37,280 Speaker 1: they missing? What are we missing as a nation? Many things, 558 00:30:37,280 --> 00:30:40,080 Speaker 1: but what's one of the main things we're missing. Patriotism. 559 00:30:40,560 --> 00:30:42,640 Speaker 2: That's really it. Patriotism. 560 00:30:43,280 --> 00:30:45,920 Speaker 1: So much of what we're seeing simply comes back to 561 00:30:46,040 --> 00:30:47,360 Speaker 1: love of country. 562 00:30:47,360 --> 00:30:50,480 Speaker 2: And our lack of it. Look, that's why we have 563 00:30:50,560 --> 00:30:50,800 Speaker 2: to be. 564 00:30:50,760 --> 00:30:53,320 Speaker 1: More purposeful with our money, with where we spend and 565 00:30:53,360 --> 00:30:55,960 Speaker 1: don't spend it. There are a million places you can 566 00:30:56,000 --> 00:30:58,640 Speaker 1: go buy coffee. How many coffee shops would print a 567 00:30:58,680 --> 00:31:05,640 Speaker 1: mug like that. How many none? Blackout Coffee will Coffee 568 00:31:06,600 --> 00:31:10,920 Speaker 1: is amazing. Blackout Coffee is the best I've ever had. Honestly, 569 00:31:11,280 --> 00:31:13,840 Speaker 1: even if it sucked, I would order it because they 570 00:31:13,920 --> 00:31:17,440 Speaker 1: love my values, they love my country. When the other 571 00:31:17,520 --> 00:31:22,160 Speaker 1: coffee companies are buying Black Lives Matter, Planned parenthood stuff, 572 00:31:22,680 --> 00:31:26,360 Speaker 1: Blackout Coffee cares about my country. Twenty percent off your 573 00:31:26,400 --> 00:31:31,720 Speaker 1: first order Blackoutcoffee dot com slash jesse two cups every day. 574 00:31:31,800 --> 00:31:34,600 Speaker 1: That's what I have, and I maybe have one or 575 00:31:34,640 --> 00:31:37,840 Speaker 1: two of these. Blackout Coffee dot com slash jesse. 576 00:31:38,720 --> 00:31:39,280 Speaker 2: We'll be back. 577 00:32:02,520 --> 00:32:05,920 Speaker 1: That was Harvard USC announced today. They're not even having 578 00:32:05,960 --> 00:32:09,400 Speaker 1: a graduation speech. I think this is all fantastic. I 579 00:32:09,440 --> 00:32:12,000 Speaker 1: wonder if Aaron disagrees with me though joining me now. 580 00:32:12,120 --> 00:32:15,680 Speaker 1: Aaron Wexler political commentator. You can find hers with outstanding 581 00:32:15,720 --> 00:32:17,960 Speaker 1: on Instagram non live take. 582 00:32:18,120 --> 00:32:18,760 Speaker 2: All right erin. 583 00:32:18,960 --> 00:32:21,400 Speaker 1: Obviously it's not good to have a bunch of dirty 584 00:32:21,400 --> 00:32:24,720 Speaker 1: communists scum destroying American universities, kill all the Jews and 585 00:32:24,760 --> 00:32:27,400 Speaker 1: all that stuff. That's obviously not ideal, But the American 586 00:32:27,480 --> 00:32:31,280 Speaker 1: university system is poison. A bunch of Americans are now 587 00:32:31,320 --> 00:32:33,440 Speaker 1: realizing it's poison, and I think in the end. 588 00:32:33,360 --> 00:32:33,960 Speaker 2: That's a good thing. 589 00:32:35,160 --> 00:32:37,520 Speaker 9: Yeah, Jesse, the first things for having me, and I 590 00:32:37,560 --> 00:32:40,000 Speaker 9: definitely agree with you. This is one of my favorite 591 00:32:40,040 --> 00:32:43,120 Speaker 9: subjects right now as an Ivy League graduate. I hope 592 00:32:43,160 --> 00:32:45,240 Speaker 9: you and your audience will not hold that against me. 593 00:32:45,360 --> 00:32:48,840 Speaker 9: But when I was I actually graduated from the University 594 00:32:48,880 --> 00:32:51,880 Speaker 9: of Pennsylvania. When I was there, we actually colloquially referred 595 00:32:51,920 --> 00:32:55,160 Speaker 9: to it as the University of Pennsylvania, And back then 596 00:32:55,240 --> 00:32:58,520 Speaker 9: we were doing things like taking finance exams and writing 597 00:32:58,640 --> 00:32:59,480 Speaker 9: history papers. 598 00:32:59,560 --> 00:33:01,160 Speaker 7: And even back then, which. 599 00:33:00,960 --> 00:33:04,360 Speaker 9: Was almost a decade ago, you know, it was very 600 00:33:04,480 --> 00:33:07,080 Speaker 9: evident that the university was turning into what is essentially 601 00:33:07,120 --> 00:33:10,720 Speaker 9: a woke Madrasa. Even I could not have predicted things 602 00:33:10,760 --> 00:33:15,160 Speaker 9: would be this bad. The administration, the students, the faculty, 603 00:33:15,440 --> 00:33:18,000 Speaker 9: they are so far to the left. They are churning 604 00:33:18,000 --> 00:33:21,880 Speaker 9: out Marxists who are basically taking classes in roadside bomb 605 00:33:21,880 --> 00:33:24,640 Speaker 9: making and underwater he jab be weaving. So you know, 606 00:33:24,680 --> 00:33:26,640 Speaker 9: at this point, I agree with you. I've seen your 607 00:33:26,680 --> 00:33:28,880 Speaker 9: tweets online and I love. 608 00:33:28,720 --> 00:33:29,280 Speaker 4: To see this. 609 00:33:29,280 --> 00:33:33,240 Speaker 9: This is the educational enema that these institutions need. There's 610 00:33:33,240 --> 00:33:36,200 Speaker 9: been a lot of bull building up for a long time, 611 00:33:36,440 --> 00:33:38,760 Speaker 9: and it is time to flush it out. So you know, 612 00:33:38,800 --> 00:33:42,120 Speaker 9: we have some of these soft conservatives who are saying, oh, 613 00:33:42,160 --> 00:33:44,440 Speaker 9: this is so terrible to see. It's you know, if 614 00:33:44,520 --> 00:33:46,880 Speaker 9: people like us who love watching this, like I love 615 00:33:46,960 --> 00:33:49,520 Speaker 9: watching this, and for those of us who do there, 616 00:33:49,640 --> 00:33:53,000 Speaker 9: they would argue that, you know, we're celebrating the fall 617 00:33:53,080 --> 00:33:57,920 Speaker 9: of great American institutions. These institutions are not American anymore. 618 00:33:57,960 --> 00:34:01,160 Speaker 9: They were infiltrated a long time ago. The American flag 619 00:34:01,200 --> 00:34:03,400 Speaker 9: was lowered, and some of these clips you'll see the 620 00:34:03,440 --> 00:34:08,920 Speaker 9: students actually lowering the American flag raising terrorist flags over 621 00:34:08,960 --> 00:34:12,840 Speaker 9: the schoolyard. So this is I think absolutely necessary and 622 00:34:12,920 --> 00:34:14,960 Speaker 9: I'm just glad that everyone gets to see it now. 623 00:34:16,120 --> 00:34:19,200 Speaker 2: Yeah, hav me too. I will know we will have 624 00:34:19,480 --> 00:34:20,680 Speaker 2: succeeded if. 625 00:34:20,560 --> 00:34:22,840 Speaker 1: I can go to one neighborhood party in my area 626 00:34:23,120 --> 00:34:25,400 Speaker 1: and not have one of my neighbors bragging that Aiden, 627 00:34:25,520 --> 00:34:29,880 Speaker 1: Jaden and Brayden got into Yale. Oh these universities, their 628 00:34:29,960 --> 00:34:33,000 Speaker 1: reputation needs to go the way the university has gotten. 629 00:34:33,040 --> 00:34:35,160 Speaker 1: I am curious, though you were at some fancy school 630 00:34:35,160 --> 00:34:37,719 Speaker 1: like you Penn, very similar to the community college I 631 00:34:37,760 --> 00:34:41,080 Speaker 1: went to. Did you feel this stuff coming when you 632 00:34:41,160 --> 00:34:45,280 Speaker 1: were there, meaning, did it feel like it was getting darker? 633 00:34:45,320 --> 00:34:48,280 Speaker 1: They've always been democrat, they've always been you know, crappy libs. 634 00:34:48,480 --> 00:34:51,719 Speaker 2: But did you feel something sinister or is this just 635 00:34:52,120 --> 00:34:52,760 Speaker 2: really recent? 636 00:34:53,800 --> 00:34:54,040 Speaker 4: Yeah? 637 00:34:54,080 --> 00:34:56,120 Speaker 9: Well, first in credit to you, Jesse, I do think 638 00:34:56,160 --> 00:34:59,279 Speaker 9: that now your college ranking is definitely inversely correlated to 639 00:34:59,360 --> 00:35:03,640 Speaker 9: your intelligence, So you're you're one upping me on that 640 00:35:03,760 --> 00:35:07,840 Speaker 9: way to brag, way to brag about your degree. But yeah, no, 641 00:35:07,960 --> 00:35:10,279 Speaker 9: it was really clear when I was an undergrad that 642 00:35:10,320 --> 00:35:11,640 Speaker 9: things were heading in the wrong direction. 643 00:35:12,040 --> 00:35:14,000 Speaker 7: And this is what the left is really effective at. 644 00:35:14,080 --> 00:35:14,200 Speaker 4: Right. 645 00:35:14,239 --> 00:35:16,680 Speaker 9: They're really good at the slow boil of the frog, 646 00:35:16,960 --> 00:35:18,640 Speaker 9: and I think a huge problem we've had on the 647 00:35:18,719 --> 00:35:20,000 Speaker 9: right is letting them get. 648 00:35:19,920 --> 00:35:22,320 Speaker 7: Away with it. For us, it's always always. 649 00:35:22,040 --> 00:35:24,160 Speaker 9: Been lived and let live, and you know, it's not 650 00:35:24,239 --> 00:35:27,000 Speaker 9: so bad, and they just slowly turned the temperature up 651 00:35:27,080 --> 00:35:29,640 Speaker 9: on us little by little. So when I was there, 652 00:35:30,040 --> 00:35:33,000 Speaker 9: it was seemingly small things, but I. 653 00:35:33,040 --> 00:35:34,360 Speaker 7: At the time could identify it. 654 00:35:34,400 --> 00:35:36,480 Speaker 9: And I was actually asked to be the president of 655 00:35:36,480 --> 00:35:38,600 Speaker 9: College Republicans when I was there. So just to give 656 00:35:38,600 --> 00:35:40,719 Speaker 9: you a sense, I've always been very, very conservative and 657 00:35:40,840 --> 00:35:41,360 Speaker 9: very vocal. 658 00:35:41,440 --> 00:35:44,520 Speaker 7: When I was on campus, but they were doing things. 659 00:35:44,320 --> 00:35:46,880 Speaker 9: Like, you know, getting rid of Greek life and getting 660 00:35:46,920 --> 00:35:50,360 Speaker 9: fraternities in trouble because the administration saw that as you. 661 00:35:50,360 --> 00:35:52,560 Speaker 7: Know, the patriarchy and the rich white male. 662 00:35:52,960 --> 00:35:56,640 Speaker 9: Even though, like many liberal policies, it wound up backfiring 663 00:35:56,680 --> 00:35:59,480 Speaker 9: because with the fraternities on campus, you could have parties 664 00:35:59,480 --> 00:36:02,520 Speaker 9: that everyone could attend that were you know, free for people, 665 00:36:02,760 --> 00:36:05,040 Speaker 9: and in getting them off campus it actually just made 666 00:36:05,239 --> 00:36:08,120 Speaker 9: certain social activities even more exclusive and even more expensive. 667 00:36:08,160 --> 00:36:09,719 Speaker 7: So we saw, we saw whether it. 668 00:36:09,680 --> 00:36:13,359 Speaker 9: Was in our social life the teachers. I was both 669 00:36:13,400 --> 00:36:16,120 Speaker 9: in Wharton undergrad and the Liberal Arts School, so I 670 00:36:16,239 --> 00:36:19,040 Speaker 9: got a taste of both, and even in Wharton, which 671 00:36:19,120 --> 00:36:21,480 Speaker 9: I went to because I saw it as the final 672 00:36:21,560 --> 00:36:25,400 Speaker 9: beacon of capitalism in this country, in the Ivy League, 673 00:36:25,440 --> 00:36:27,760 Speaker 9: and that's why I wanted to go to Penn. Even 674 00:36:27,880 --> 00:36:30,160 Speaker 9: there we had professors who were just trying to shove 675 00:36:30,719 --> 00:36:34,400 Speaker 9: liberal almost socialist agendas down our throats all the time. 676 00:36:34,719 --> 00:36:38,080 Speaker 9: And as these professors retired, the old school, you know, 677 00:36:38,120 --> 00:36:41,040 Speaker 9: the old guard, they were white men, and they were 678 00:36:41,080 --> 00:36:44,799 Speaker 9: always replaced with a DEI hire without fail. And then 679 00:36:45,080 --> 00:36:47,320 Speaker 9: don't even get me started about the Liberal Arts School, 680 00:36:47,320 --> 00:36:49,520 Speaker 9: because you know that was you know, it was like 681 00:36:49,600 --> 00:36:53,279 Speaker 9: Jahati training camp over there. But even Wharton was infiltrated 682 00:36:53,320 --> 00:36:55,880 Speaker 9: back then, and it only got progressively worse. And I 683 00:36:55,920 --> 00:36:59,359 Speaker 9: think we all know that pos post COVID, the left 684 00:36:59,360 --> 00:37:02,279 Speaker 9: decided that they had free reign to do whatever they want, 685 00:37:02,320 --> 00:37:04,200 Speaker 9: and that was especially true in college campuses. 686 00:37:05,640 --> 00:37:08,400 Speaker 1: Gosh, even Wharton. I don't know why. I'm shocked to 687 00:37:08,440 --> 00:37:10,960 Speaker 1: hear that. Of course it would be Wharton too, but Wharton. 688 00:37:11,160 --> 00:37:13,480 Speaker 1: Everyone knows about Wharton, even dummy's like me who could 689 00:37:13,520 --> 00:37:14,000 Speaker 1: never get in. 690 00:37:14,120 --> 00:37:15,200 Speaker 2: Everyone knows about Wharton. 691 00:37:15,480 --> 00:37:18,799 Speaker 1: Did you get the sense that some of your professors 692 00:37:18,880 --> 00:37:23,319 Speaker 1: or administrators that they knew this stuff was bad and 693 00:37:23,400 --> 00:37:26,840 Speaker 1: maybe they were afraid, maybe pushing back, but only pushing 694 00:37:26,880 --> 00:37:29,120 Speaker 1: back a little, don't want to lose that tenure. I'm 695 00:37:29,120 --> 00:37:32,480 Speaker 1: trying to figure out, basically, Aaron, at these high level schools, 696 00:37:32,719 --> 00:37:34,440 Speaker 1: do we have any friends left? 697 00:37:35,880 --> 00:37:37,680 Speaker 7: I know we do have friends left. 698 00:37:37,719 --> 00:37:40,200 Speaker 9: When I was an undergrad that we're talking twenty eleven 699 00:37:40,239 --> 00:37:43,800 Speaker 9: to twenty fifteen, I could always sniff out my conservative 700 00:37:43,840 --> 00:37:46,719 Speaker 9: professors because they were the only ones not shoving an 701 00:37:46,719 --> 00:37:49,600 Speaker 9: agenda down your throat, right, So that's how I was 702 00:37:49,640 --> 00:37:53,719 Speaker 9: able to identify them. I do recall also the day 703 00:37:53,760 --> 00:37:57,920 Speaker 9: after Barack Obama was elected president in twenty twelve, crying 704 00:37:57,960 --> 00:38:01,719 Speaker 9: as I handed a finance midtrementing my professor, what's the 705 00:38:01,800 --> 00:38:04,000 Speaker 9: point and he said, we will. 706 00:38:03,760 --> 00:38:04,319 Speaker 7: Get through this. 707 00:38:04,440 --> 00:38:07,080 Speaker 9: But besides that one professor, I did find that most 708 00:38:07,120 --> 00:38:10,920 Speaker 9: of them truly believe this. They actually are Marxists in 709 00:38:11,000 --> 00:38:14,000 Speaker 9: these institutions. And I mean it does make sense now. 710 00:38:14,239 --> 00:38:17,920 Speaker 9: The DEI hiring practices are so rampant. It is almost 711 00:38:17,920 --> 00:38:20,960 Speaker 9: impossible to get hired in any of these places unless 712 00:38:21,000 --> 00:38:22,520 Speaker 9: you totally subscribe to these You. 713 00:38:22,440 --> 00:38:23,560 Speaker 7: Know, they could sniff you out. 714 00:38:23,600 --> 00:38:26,000 Speaker 9: And I think conservatives just stay quiet. You have to 715 00:38:26,400 --> 00:38:30,680 Speaker 9: subscribe to these ideas. So no, I think we have 716 00:38:30,880 --> 00:38:33,359 Speaker 9: few friends left. But generally, these are people who've never 717 00:38:33,400 --> 00:38:36,040 Speaker 9: lived in the real world, never held a real job, 718 00:38:36,200 --> 00:38:39,239 Speaker 9: and they have their fantastical ideas and they just sit 719 00:38:39,360 --> 00:38:41,040 Speaker 9: in these institutions getting paid. 720 00:38:41,560 --> 00:38:42,879 Speaker 7: Some of them actually a lot of money. 721 00:38:42,960 --> 00:38:45,680 Speaker 9: The DEI admins get paid a lot more than professors, 722 00:38:45,680 --> 00:38:48,200 Speaker 9: so that's turned out to be a great gig. And 723 00:38:49,040 --> 00:38:51,839 Speaker 9: you know, I just don't really have hope in these institutions. 724 00:38:51,960 --> 00:38:55,200 Speaker 9: I don't think it's worth any penny sending your kids 725 00:38:55,200 --> 00:38:57,160 Speaker 9: to these schools, even if you have a full ride. 726 00:38:57,200 --> 00:38:59,560 Speaker 9: At this point, I don't know what you gain from 727 00:38:59,600 --> 00:39:02,279 Speaker 9: going to places where instead of right now. You know, 728 00:39:02,320 --> 00:39:05,320 Speaker 9: this time when I was a student, I'd be sweating 729 00:39:05,360 --> 00:39:06,680 Speaker 9: in the library. 730 00:39:06,320 --> 00:39:07,560 Speaker 7: So nervous about finals. 731 00:39:07,840 --> 00:39:09,880 Speaker 9: I don't know how these kids feel comfortable sitting in 732 00:39:09,880 --> 00:39:13,320 Speaker 9: the middle of college campus, you know, just protesting something 733 00:39:13,320 --> 00:39:16,680 Speaker 9: that has nothing to do with their exams. So I think, 734 00:39:16,960 --> 00:39:19,640 Speaker 9: I think that you'll be better served going elsewhere or 735 00:39:19,680 --> 00:39:22,040 Speaker 9: not going to school and getting a skill set and 736 00:39:22,040 --> 00:39:24,440 Speaker 9: going into the real world. So that is my message 737 00:39:24,440 --> 00:39:27,640 Speaker 9: to anyone here with a teenager thinking of going into 738 00:39:27,640 --> 00:39:30,239 Speaker 9: an IVY League school. I certainly would not let my 739 00:39:30,400 --> 00:39:31,720 Speaker 9: kid go to an IVY League school. 740 00:39:34,360 --> 00:39:36,680 Speaker 2: That is quite a statement. The library, you. 741 00:39:36,640 --> 00:39:38,480 Speaker 1: Know, I don't even know if my community college had 742 00:39:38,480 --> 00:39:40,879 Speaker 1: a library. I never did see it though, Aarin, Thank 743 00:39:40,880 --> 00:39:44,719 Speaker 1: you so much, appreciate you as always. All right, now, 744 00:39:45,960 --> 00:39:50,680 Speaker 1: we needed to talk about power, the president and power. 745 00:39:51,040 --> 00:39:55,160 Speaker 1: Before we talked about that, let's talk about your power, 746 00:39:56,440 --> 00:40:01,160 Speaker 1: your time share you see you feel power, yes, because 747 00:40:01,200 --> 00:40:03,760 Speaker 1: you can't get out of it. You've called hey, guys, 748 00:40:04,280 --> 00:40:06,400 Speaker 1: we don't use it anymore. Can you let us get no. No, 749 00:40:06,520 --> 00:40:09,040 Speaker 1: They tell you no, you've sent emails. Hey, we haven't 750 00:40:09,120 --> 00:40:11,000 Speaker 1: used this in two years. You won't even let us in, 751 00:40:11,080 --> 00:40:14,400 Speaker 1: let us out. And the timeshare company keeps telling you 752 00:40:14,440 --> 00:40:17,359 Speaker 1: know you can't. Sorry, pay your annual fees, pay up 753 00:40:17,560 --> 00:40:20,239 Speaker 1: special assessments, and you feel powerless. But you were not 754 00:40:20,360 --> 00:40:24,719 Speaker 1: powerless because Loan Star Transfer exists to hand you that 755 00:40:24,880 --> 00:40:25,640 Speaker 1: power back. 756 00:40:26,080 --> 00:40:27,719 Speaker 2: This is a family business. 757 00:40:28,000 --> 00:40:30,240 Speaker 1: They have an A plus rating from the Better Business 758 00:40:30,239 --> 00:40:32,399 Speaker 1: Bureau for a reason. What do they do with loan 759 00:40:32,480 --> 00:40:38,680 Speaker 1: Star Transfer, Well, they get you out legally and permanently. 760 00:40:39,000 --> 00:40:41,799 Speaker 1: They put it in writing, they give you a timeframe, 761 00:40:41,960 --> 00:40:45,120 Speaker 1: talk about the ultimate Babe Ruth calling of the shot. 762 00:40:45,520 --> 00:40:47,919 Speaker 1: They will get you out, and they'll tell you when 763 00:40:48,800 --> 00:40:50,919 Speaker 1: you're not powerless, you just have to make a phone call. 764 00:40:51,000 --> 00:40:53,040 Speaker 2: One phone call eight four. 765 00:40:52,920 --> 00:40:57,960 Speaker 1: Four three one zero two six four six, wrap your 766 00:40:58,040 --> 00:41:00,640 Speaker 1: arms around the power you have and call loans our Transfer. 767 00:41:00,680 --> 00:41:02,439 Speaker 2: All right, we'll be back. 768 00:41:11,040 --> 00:41:12,600 Speaker 1: You know. One of the things that we try not 769 00:41:12,680 --> 00:41:14,799 Speaker 1: to forget on this show, or maybe we do try 770 00:41:14,840 --> 00:41:17,560 Speaker 1: to forget it up, and something we bring up is this, 771 00:41:18,960 --> 00:41:22,440 Speaker 1: the man who holds the power, the top executive in 772 00:41:22,480 --> 00:41:26,160 Speaker 1: the United States of America really Oh, my gosh, the 773 00:41:26,200 --> 00:41:29,600 Speaker 1: most powerful person on the planet. It's very reasonable to 774 00:41:29,680 --> 00:41:32,399 Speaker 1: say the President of the United States is the most 775 00:41:32,400 --> 00:41:37,200 Speaker 1: powerful person on the planet. He's virtually helpless by this 776 00:41:37,239 --> 00:41:41,560 Speaker 1: point in time. Yesterday he was given a speech and 777 00:41:41,560 --> 00:41:45,239 Speaker 1: obviously he's reading from the teleprompter. He can't think he's 778 00:41:45,440 --> 00:41:48,960 Speaker 1: reading from the teleprompter, and he does this four more 779 00:41:49,080 --> 00:41:52,880 Speaker 1: years line. And then his staff knew that that was 780 00:41:52,960 --> 00:41:54,759 Speaker 1: kind of one of those lines where the crowd would 781 00:41:54,800 --> 00:41:58,920 Speaker 1: start chanting four more years, four more years. So they 782 00:41:58,920 --> 00:42:01,319 Speaker 1: wrote on his telepromom. I'm sure it was in parentheses 783 00:42:01,400 --> 00:42:04,720 Speaker 1: or something, they wrote, pause, four more years. 784 00:42:04,880 --> 00:42:09,960 Speaker 2: Pause. This is the president of the United States of America. 785 00:42:10,520 --> 00:42:11,880 Speaker 2: Imagine what we can do next. 786 00:42:13,239 --> 00:42:17,120 Speaker 6: Four more years are years? 787 00:42:24,000 --> 00:42:25,080 Speaker 2: Four more years? 788 00:42:25,880 --> 00:42:26,280 Speaker 3: Pause? 789 00:42:26,640 --> 00:42:29,520 Speaker 1: And look, honestly, this is not even on Joe at 790 00:42:29,560 --> 00:42:30,200 Speaker 1: this point in time. 791 00:42:30,239 --> 00:42:31,040 Speaker 2: He is what he is. 792 00:42:31,600 --> 00:42:34,440 Speaker 1: This is on the staffers, This is on whoever's drawing 793 00:42:34,520 --> 00:42:35,440 Speaker 1: up these speeches. 794 00:42:35,800 --> 00:42:36,799 Speaker 2: This is not a one off. 795 00:42:36,840 --> 00:42:39,440 Speaker 6: This is not the first time Joe Biden's done this before. 796 00:42:39,560 --> 00:42:41,719 Speaker 6: Remember when he did, Remember when he did the end 797 00:42:41,760 --> 00:42:42,440 Speaker 6: of quote thing. 798 00:42:43,520 --> 00:42:46,360 Speaker 5: The percentage of women who registered to vote and cashed 799 00:42:46,360 --> 00:42:49,440 Speaker 5: to ballot is consistently higher than the percentage of the 800 00:42:49,480 --> 00:42:50,120 Speaker 5: men who do so. 801 00:42:50,320 --> 00:42:56,880 Speaker 2: End of quote. Repeat the line A, repeat the line. 802 00:42:58,120 --> 00:42:59,000 Speaker 2: We shouldn't laugh. 803 00:42:59,280 --> 00:43:03,319 Speaker 1: It's not funny that man, that's the leader of the 804 00:43:03,320 --> 00:43:06,840 Speaker 1: free world. That's where we are, all right, whatever, we 805 00:43:06,920 --> 00:43:18,040 Speaker 1: have light in the mood. Next, all right, it is 806 00:43:18,120 --> 00:43:20,000 Speaker 1: time to lighten the mood. And I have a confession 807 00:43:20,000 --> 00:43:24,040 Speaker 1: to make. I miss professional sports. You know, I used 808 00:43:24,040 --> 00:43:27,520 Speaker 1: to watch the NFL for ages, ages, lived and died 809 00:43:27,520 --> 00:43:29,880 Speaker 1: for it, and now it's all America sucks, scrap. I 810 00:43:29,920 --> 00:43:32,080 Speaker 1: can't watch it anymore, just can't do it. 811 00:43:32,120 --> 00:43:34,520 Speaker 2: So I've been looking for more professional sports to watch. 812 00:43:35,680 --> 00:43:39,360 Speaker 1: And I do know this hockey is amazing in person, 813 00:43:40,360 --> 00:43:43,120 Speaker 1: not the best on television. But I will say, in 814 00:43:43,160 --> 00:43:47,439 Speaker 1: my never ending search to find a new sport, hockey 815 00:43:47,520 --> 00:43:51,640 Speaker 1: fans are bar none, my favorite, bar none, my favorite. 816 00:43:51,760 --> 00:43:55,640 Speaker 1: You want a little example of hockey fans, here's one 817 00:44:00,080 --> 00:44:48,879 Speaker 1: m that's so great we. 818 00:44:48,840 --> 00:44:50,600 Speaker 2: Don't want to see anyone else. Put it back on 819 00:44:50,640 --> 00:45:00,399 Speaker 2: the kid, I'll see it. Hey,