1 00:00:00,080 --> 00:00:03,320 Speaker 1: Welcome to today's edition of the Clay, Travis and Buck 2 00:00:03,360 --> 00:00:07,720 Speaker 1: Sexton Show podcast. Our three of Clay and Buck starts 3 00:00:07,840 --> 00:00:10,880 Speaker 1: right now. Thanks for being with me, everybody. This is Buck. 4 00:00:10,920 --> 00:00:13,760 Speaker 1: I'm in solo this week. Clay is on vacation having 5 00:00:13,800 --> 00:00:15,560 Speaker 1: a great time with his family in Italy. Will be 6 00:00:15,600 --> 00:00:20,000 Speaker 1: back next week. The hopefully the economy will still be 7 00:00:20,040 --> 00:00:22,840 Speaker 1: around next week. That would be good. There'll still be 8 00:00:22,880 --> 00:00:27,120 Speaker 1: a US economy. Things are certainly moving in the wrong 9 00:00:27,200 --> 00:00:30,479 Speaker 1: direction right now. You have about twenty banks that have 10 00:00:30,640 --> 00:00:36,879 Speaker 1: been hit as a result of the failure of Silicon 11 00:00:36,960 --> 00:00:40,400 Speaker 1: Valley Bank SVB that happened at the end of last week. 12 00:00:41,000 --> 00:00:46,160 Speaker 1: Bide administration has stepped in and they've worked out some deal. 13 00:00:46,240 --> 00:00:48,200 Speaker 1: They don't want to call it a bail out, something else, 14 00:00:49,360 --> 00:00:53,239 Speaker 1: a deal where the depositors are fine. I have a 15 00:00:53,280 --> 00:00:56,520 Speaker 1: feeling that the executives, all of whom I guarantee you 16 00:00:56,520 --> 00:00:59,360 Speaker 1: are big Democrat donors. If they Democrat, if they donate 17 00:00:59,360 --> 00:01:02,800 Speaker 1: any money to politicians, they'll be fine too. They'll be 18 00:01:02,880 --> 00:01:04,959 Speaker 1: very rich at the end of all of this, and 19 00:01:05,040 --> 00:01:07,720 Speaker 1: so the losses will just be covered up. There are 20 00:01:07,800 --> 00:01:11,600 Speaker 1: other banks that are under serious stress right now. You 21 00:01:11,720 --> 00:01:17,280 Speaker 1: have twenty banks that have been rocked a bit by this, 22 00:01:18,880 --> 00:01:24,080 Speaker 1: and you have Bill Ackman, the hedge fund billionaire, who 23 00:01:24,160 --> 00:01:27,600 Speaker 1: is saying that we better make sure everybody feels safe 24 00:01:27,720 --> 00:01:30,640 Speaker 1: about their deposits in the bank, or else this thing 25 00:01:30,680 --> 00:01:34,200 Speaker 1: could melt down the economy. Let me also say, there 26 00:01:34,200 --> 00:01:38,120 Speaker 1: are problems even if they stop this crisis. This is 27 00:01:38,160 --> 00:01:41,759 Speaker 1: exposing some systemic problems that we have in the economy 28 00:01:42,560 --> 00:01:45,399 Speaker 1: right now. I want to get into some of those 29 00:01:45,440 --> 00:01:47,720 Speaker 1: problems and how they're going to affect all of us 30 00:01:47,720 --> 00:01:50,120 Speaker 1: here in a moment. But first let's take a look 31 00:01:50,120 --> 00:01:53,120 Speaker 1: at what Joe Biden is saying. Not only is Joe 32 00:01:53,120 --> 00:01:57,960 Speaker 1: Biden telling you that this is going to be fine, 33 00:01:58,800 --> 00:02:02,480 Speaker 1: right Not only is Biden telling you that the money 34 00:02:02,520 --> 00:02:04,720 Speaker 1: that is in the bank will be there for you 35 00:02:05,440 --> 00:02:07,920 Speaker 1: when you need it. That's those are his words. He's 36 00:02:08,000 --> 00:02:13,600 Speaker 1: also as of this morning, bragging about how great the 37 00:02:13,760 --> 00:02:18,200 Speaker 1: Biden economy is. I'm being serious. He's really saying that 38 00:02:19,240 --> 00:02:23,200 Speaker 1: things right now are really good in this economy. Biden's 39 00:02:23,240 --> 00:02:27,639 Speaker 1: doing a great job. According to Joe Biden, this is 40 00:02:27,680 --> 00:02:30,840 Speaker 1: a guy who only knows how to create jobs for 41 00:02:30,960 --> 00:02:36,679 Speaker 1: hunter through corrupt Ukrainian oligarchs and Chinese Communist Party front companies. 42 00:02:37,000 --> 00:02:41,360 Speaker 1: That is Biden job creation. Other than that, it's a 43 00:02:41,400 --> 00:02:46,040 Speaker 1: whole lot of very creative accounting. Here he is saying 44 00:02:46,520 --> 00:02:49,760 Speaker 1: that his administration not only has he been good, more 45 00:02:49,840 --> 00:02:53,680 Speaker 1: he's created more jobs than any administration in history. This 46 00:02:53,800 --> 00:02:57,200 Speaker 1: is a five Pinocchio's kind of lie play twenty seven. 47 00:02:57,240 --> 00:03:00,240 Speaker 1: We've made strong economic progress in the past two years. 48 00:03:00,639 --> 00:03:04,120 Speaker 1: We've created more than twelve million new jobs, more jobs 49 00:03:04,120 --> 00:03:06,720 Speaker 1: than two years than any president has ever created in 50 00:03:06,760 --> 00:03:12,920 Speaker 1: a single four year term. Okay, everybody, let's take a 51 00:03:13,000 --> 00:03:17,239 Speaker 1: look for a second. Here he just claimed right now, 52 00:03:17,280 --> 00:03:19,920 Speaker 1: this was today, while he's trying to stop the bank 53 00:03:19,960 --> 00:03:23,919 Speaker 1: meltdown from happening. He is claiming that he has created, 54 00:03:24,040 --> 00:03:29,040 Speaker 1: he has created like he's waving a magic wand more 55 00:03:29,120 --> 00:03:32,440 Speaker 1: jobs than any administration any four years of an administration history. 56 00:03:32,480 --> 00:03:34,920 Speaker 1: You say, oh my gosh, this guy must be a genius. 57 00:03:35,360 --> 00:03:37,600 Speaker 1: Joe Biden. All this time we thought he was really 58 00:03:37,680 --> 00:03:40,800 Speaker 1: dumb and bottom of his class at Syracuse Law School 59 00:03:40,800 --> 00:03:43,120 Speaker 1: and led about getting a scholarship being top of his class, 60 00:03:43,280 --> 00:03:45,760 Speaker 1: and had to drop out of a presidential election because 61 00:03:45,840 --> 00:03:51,040 Speaker 1: of plagiarism, and has been a laughing stock every time 62 00:03:51,080 --> 00:03:53,680 Speaker 1: he step in the national stage until twenty twenty, when 63 00:03:53,720 --> 00:03:57,800 Speaker 1: they just created this Joe Biden, the Grandpa figure that 64 00:03:58,200 --> 00:04:00,640 Speaker 1: you know, anyway, during a pandemic, people thought, maybe I'll 65 00:04:00,680 --> 00:04:03,600 Speaker 1: try this. Do you know how many jobs? This is 66 00:04:03,640 --> 00:04:05,880 Speaker 1: the Bureau of Labor Statistics, So I don't know what 67 00:04:06,040 --> 00:04:09,240 Speaker 1: better source. I want to make this really easy, right, 68 00:04:09,400 --> 00:04:11,600 Speaker 1: let's just look at something we can verify quite quickly. 69 00:04:11,640 --> 00:04:14,600 Speaker 1: Joe Biden. They're just claimed the economy right now is 70 00:04:14,640 --> 00:04:17,760 Speaker 1: really good, and he's the best jobs president in history. 71 00:04:17,800 --> 00:04:20,000 Speaker 1: That's what he is claiming by saying he's created more 72 00:04:20,080 --> 00:04:21,960 Speaker 1: jobs in two years than any president ever did in 73 00:04:22,040 --> 00:04:25,279 Speaker 1: four He's the best jobs president in history. This is 74 00:04:25,320 --> 00:04:31,839 Speaker 1: really interesting because if you look right now at the 75 00:04:31,839 --> 00:04:36,080 Speaker 1: Bureau of Labor Statistics, you will find that it was 76 00:04:36,279 --> 00:04:38,279 Speaker 1: one hundred and fifty. There were one hundred and fifty 77 00:04:38,360 --> 00:04:44,680 Speaker 1: eight million employed people in the United States at the 78 00:04:44,760 --> 00:04:49,080 Speaker 1: end of twenty nineteen. Okay, so at the end of 79 00:04:49,080 --> 00:04:52,320 Speaker 1: twenty nineteen there were one hundred and fifty, meaning before 80 00:04:52,320 --> 00:04:58,600 Speaker 1: the pandemic. How many people are employed now? Well, if 81 00:04:58,640 --> 00:05:00,919 Speaker 1: you were to look at it now, see that you 82 00:05:01,080 --> 00:05:05,880 Speaker 1: have close to the same number, about one hundred and 83 00:05:05,880 --> 00:05:11,640 Speaker 1: fifty eight million people who were working. So how is 84 00:05:11,680 --> 00:05:13,960 Speaker 1: it that Joe Biden, And even if that number is 85 00:05:14,000 --> 00:05:16,000 Speaker 1: you know, if it's a million or two off, whatever, 86 00:05:16,320 --> 00:05:22,159 Speaker 1: how is Joe Biden created twelve million jobs. What he's 87 00:05:22,200 --> 00:05:26,919 Speaker 1: actually referring to everybody is when the government artificially and 88 00:05:27,040 --> 00:05:32,239 Speaker 1: idiotically shut down the economy during COVID and destroyed millions 89 00:05:32,279 --> 00:05:36,160 Speaker 1: of jobs. And then when the fauciite lunacy had at 90 00:05:36,240 --> 00:05:38,680 Speaker 1: least lessened its grip on the throat of the American 91 00:05:38,720 --> 00:05:43,279 Speaker 1: people enough that stopped and then the jobs started to 92 00:05:43,320 --> 00:05:49,640 Speaker 1: come back. This is amazing. This is Joe Biden effectively 93 00:05:50,400 --> 00:05:56,760 Speaker 1: saying he's the greatest firefighter in history, when really the 94 00:05:56,880 --> 00:05:59,480 Speaker 1: government set the fire and he just showed up with 95 00:05:59,520 --> 00:06:01,880 Speaker 1: the water. If they don't set the fire, there is 96 00:06:01,920 --> 00:06:09,200 Speaker 1: no fire. He's done nothing. He's done nothing that has 97 00:06:09,279 --> 00:06:14,080 Speaker 1: had an appreciable impact on making people, the American people, 98 00:06:14,480 --> 00:06:17,120 Speaker 1: more prosperous and better off. And yet he claims twelve 99 00:06:17,200 --> 00:06:23,080 Speaker 1: million jobs. Twelve million jobs. Yeah, now it's saying by 100 00:06:23,120 --> 00:06:27,320 Speaker 1: the way, as of the US Chamber of Commerce right 101 00:06:27,360 --> 00:06:31,359 Speaker 1: now as of February twenty twenty three, is saying we 102 00:06:31,440 --> 00:06:36,599 Speaker 1: have three million fewer people working today compared to February 103 00:06:36,640 --> 00:06:39,640 Speaker 1: of twenty twenty. So they're saying three million less. I 104 00:06:39,640 --> 00:06:41,920 Speaker 1: looked at the numbers b Beer of Labor Statistics, got 105 00:06:41,920 --> 00:06:47,280 Speaker 1: it roughly roughly equal, but three million fewer people. How 106 00:06:47,279 --> 00:06:52,159 Speaker 1: do you create twelve million jobs in two years but 107 00:06:52,440 --> 00:06:57,239 Speaker 1: you have less people working? I mean, you know, unless 108 00:06:57,279 --> 00:07:00,800 Speaker 1: you're gonna tell me that we've had massive population should change, 109 00:07:02,600 --> 00:07:06,400 Speaker 1: that makes absolutely no sense. The point here I'm making, 110 00:07:06,400 --> 00:07:09,360 Speaker 1: my friends, is that he is lying to you. He 111 00:07:09,480 --> 00:07:15,000 Speaker 1: is doing so shamelessly. He is doing so at a 112 00:07:15,080 --> 00:07:18,800 Speaker 1: moment of economic crisis, and there's going to be more 113 00:07:18,840 --> 00:07:21,680 Speaker 1: of this. There is going to be more of this 114 00:07:21,840 --> 00:07:24,240 Speaker 1: going forward because they do not want to tell you 115 00:07:24,320 --> 00:07:28,160 Speaker 1: what is really happening. They didn't want you to think 116 00:07:28,200 --> 00:07:30,160 Speaker 1: about how we even got to this place in the 117 00:07:30,160 --> 00:07:34,120 Speaker 1: first place. Remember Biden wanted to spend another five trillion 118 00:07:34,160 --> 00:07:39,400 Speaker 1: dollars of your money and wasn't able to do that. 119 00:07:40,040 --> 00:07:43,600 Speaker 1: Came into office, spent two trillion, spent five trillion, and yes, 120 00:07:43,680 --> 00:07:46,480 Speaker 1: Trump in twenty twenty spent trillions during COVID was not 121 00:07:46,560 --> 00:07:50,040 Speaker 1: a good idea, was not. We have to be consistent 122 00:07:50,080 --> 00:07:53,160 Speaker 1: if we don't like trillions of additional spending. Then we 123 00:07:53,200 --> 00:07:55,280 Speaker 1: don't like trillions of additional spending, doesn't matter who does 124 00:07:55,280 --> 00:07:58,480 Speaker 1: it now. Biden went completely crazy with it, and it 125 00:07:58,520 --> 00:08:00,440 Speaker 1: was also not the very beginning of the pandemic. It 126 00:08:00,520 --> 00:08:04,320 Speaker 1: was clearly not necessary, but he did it anyway. Why 127 00:08:04,360 --> 00:08:07,200 Speaker 1: are we in this current situation? Why are we in 128 00:08:07,240 --> 00:08:10,280 Speaker 1: the midst of what could be the beginning of a 129 00:08:10,280 --> 00:08:17,840 Speaker 1: massive recession? Hopefully not. We were in this because there 130 00:08:17,920 --> 00:08:22,200 Speaker 1: was inflation and that was a government policy. And then 131 00:08:22,200 --> 00:08:26,640 Speaker 1: there was the FED trying to bring inflation down, which 132 00:08:27,040 --> 00:08:29,320 Speaker 1: it's also government policy. I know it's the FED, but 133 00:08:29,880 --> 00:08:33,160 Speaker 1: the government policy in essence, the FED tries to bring 134 00:08:33,160 --> 00:08:36,360 Speaker 1: inflation down by raising rates. This bank out of the 135 00:08:36,360 --> 00:08:38,840 Speaker 1: wrong side of the rate rise, and boom, we got 136 00:08:38,920 --> 00:08:40,440 Speaker 1: to run on a bank. We got a big problem. 137 00:08:41,400 --> 00:08:43,280 Speaker 1: But here's the other part of this that not a 138 00:08:43,320 --> 00:08:45,000 Speaker 1: lot of people are talking about. Because we're just hoping 139 00:08:45,000 --> 00:08:46,440 Speaker 1: that all of our deposits are going to be there 140 00:08:46,480 --> 00:08:51,600 Speaker 1: in the banks. What happens after this? Do you think 141 00:08:51,640 --> 00:08:54,440 Speaker 1: that banks are going to be more or less likely 142 00:08:55,240 --> 00:08:58,800 Speaker 1: to lend out money two people? In general? I think 143 00:08:58,840 --> 00:09:01,520 Speaker 1: there'll be more or less string Will they want to 144 00:09:01,520 --> 00:09:05,120 Speaker 1: shore up their balances. Well, if the answer is yes, 145 00:09:06,120 --> 00:09:07,760 Speaker 1: you may be in a situation where you start to 146 00:09:07,760 --> 00:09:10,040 Speaker 1: have a bit of a credit crunch where people not 147 00:09:10,080 --> 00:09:11,960 Speaker 1: only are paying a higher interest rate for the money 148 00:09:12,000 --> 00:09:14,080 Speaker 1: that they borrow, but it's harder for them to access 149 00:09:14,160 --> 00:09:17,040 Speaker 1: capital in the first place, you know, to buy stuff 150 00:09:18,000 --> 00:09:22,000 Speaker 1: like houses and cars and you name it. We have 151 00:09:22,040 --> 00:09:27,920 Speaker 1: an economy that is pretty consumer spending dependent, and this 152 00:09:28,520 --> 00:09:32,320 Speaker 1: stopping of the banks from all failing, yeah, that's a 153 00:09:32,400 --> 00:09:35,400 Speaker 1: necessary step, but it's not like we're out of the woods. 154 00:09:35,400 --> 00:09:38,440 Speaker 1: Even when that happens. And when you have an administration 155 00:09:38,440 --> 00:09:41,120 Speaker 1: that is telling you they've created twelve million jobs, which 156 00:09:41,160 --> 00:09:43,880 Speaker 1: only an economic illiterate would actually believe, they have not 157 00:09:44,040 --> 00:09:48,720 Speaker 1: created those jobs, right, it is not creation to stop 158 00:09:48,960 --> 00:09:54,560 Speaker 1: your destruction, you know what I mean? If I if 159 00:09:54,600 --> 00:10:00,840 Speaker 1: I am, you know, drinking ten bottles of wine out 160 00:10:00,840 --> 00:10:04,080 Speaker 1: of your seller every month, and then the next one, 161 00:10:04,080 --> 00:10:05,599 Speaker 1: and then finally I say, you know what, I'm not 162 00:10:05,640 --> 00:10:08,040 Speaker 1: going to drink your wine. But I haven't created ten 163 00:10:08,080 --> 00:10:11,720 Speaker 1: bottles of wine. I didn't create them. I just stopped 164 00:10:11,720 --> 00:10:15,320 Speaker 1: taking them from you. It's not the same thing. And 165 00:10:15,400 --> 00:10:18,080 Speaker 1: that is what the government did under the guise of 166 00:10:18,120 --> 00:10:19,880 Speaker 1: COVID protection. Of course, as we know, it was all 167 00:10:19,880 --> 00:10:23,160 Speaker 1: a total waste, so they don't want you underston that. 168 00:10:23,200 --> 00:10:25,480 Speaker 1: By the way, you are noticing there's a move to 169 00:10:25,640 --> 00:10:29,720 Speaker 1: the center. There's a move to the center on a 170 00:10:29,760 --> 00:10:32,760 Speaker 1: whole range of issues from the Democrats. Now it's not 171 00:10:32,800 --> 00:10:35,760 Speaker 1: a big move, but it's the beginning of it because 172 00:10:35,800 --> 00:10:38,839 Speaker 1: their policies have put them in a position now where 173 00:10:39,920 --> 00:10:42,520 Speaker 1: they will if we have a if we have a 174 00:10:42,600 --> 00:10:47,600 Speaker 1: solid Republican candidate and Republican party overall, going to twenty 175 00:10:47,640 --> 00:10:53,839 Speaker 1: twenty four, the Democrats are facing a real final reckoning 176 00:10:54,080 --> 00:10:57,480 Speaker 1: or finally a reckoning at the ballot box. That's a 177 00:10:57,480 --> 00:10:58,960 Speaker 1: big if though. Are we going to have the right 178 00:10:58,960 --> 00:11:01,360 Speaker 1: person a, We're gonna have the right messaging. This is 179 00:11:01,400 --> 00:11:02,959 Speaker 1: why they're moving to the middle though, because of the 180 00:11:03,320 --> 00:11:06,640 Speaker 1: failures of left wing policies they have pursued, including at 181 00:11:06,679 --> 00:11:08,520 Speaker 1: the southern border, which I had mentioned to you, and 182 00:11:08,559 --> 00:11:12,800 Speaker 1: we are going to spend some time talking about this 183 00:11:12,920 --> 00:11:20,160 Speaker 1: is this is really troubling. You have people that are 184 00:11:20,200 --> 00:11:24,560 Speaker 1: just now mobbing our resources at the southern border and 185 00:11:24,679 --> 00:11:31,200 Speaker 1: deciding that they can just get through by running in 186 00:11:31,280 --> 00:11:34,760 Speaker 1: a big mob through the El Paso Bridge. I mean, 187 00:11:34,800 --> 00:11:37,959 Speaker 1: I've I've been to this border crossing area and they 188 00:11:38,040 --> 00:11:42,680 Speaker 1: just you can see the video of this Mexican military 189 00:11:42,679 --> 00:11:45,600 Speaker 1: and US Customs and Border Protection at the El Paso 190 00:11:45,679 --> 00:11:49,680 Speaker 1: border crossing on Sunday evening had about a thousand migrants 191 00:11:49,760 --> 00:11:53,640 Speaker 1: tried to rush a checkpoint. Wait, but I thought, you know, 192 00:11:53,840 --> 00:11:55,760 Speaker 1: we're just a nation of immigrants, and they just want 193 00:11:55,760 --> 00:11:57,880 Speaker 1: to do the jobs Americans won't do. And they're all 194 00:11:57,920 --> 00:12:01,880 Speaker 1: fleeing tyranny and stuff. Right now. These are people who've 195 00:12:01,920 --> 00:12:06,040 Speaker 1: decided our laws don't matter. Our laws don't matter. America 196 00:12:06,200 --> 00:12:12,000 Speaker 1: is it's just a place to be exploited. There's no 197 00:12:12,080 --> 00:12:15,760 Speaker 1: reason to believe that our laws should even be obeyed. 198 00:12:16,320 --> 00:12:18,200 Speaker 1: We owe the rest of the world. We're too you see, 199 00:12:18,200 --> 00:12:21,280 Speaker 1: America's too prosperous, America's too wealthy. So we owe the 200 00:12:21,320 --> 00:12:23,080 Speaker 1: rest of the world. And as part of owing the 201 00:12:23,080 --> 00:12:25,760 Speaker 1: rest of the world, they don't have to obey our laws. 202 00:12:26,240 --> 00:12:29,160 Speaker 1: This is the mentality, this is the mindset, and the 203 00:12:29,240 --> 00:12:32,080 Speaker 1: Democrats have created it here. This is very real. 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You are somebody who has experience working in banks, 233 00:13:58,320 --> 00:14:00,840 Speaker 1: or a finance guy or gal areas what you think? 234 00:14:00,920 --> 00:14:04,040 Speaker 1: I I'm a feeling it's gonna continue to get ugly 235 00:14:04,880 --> 00:14:10,599 Speaker 1: because even if we avoid banking collapse, there's going to 236 00:14:10,720 --> 00:14:14,480 Speaker 1: be ramifications of this that are hitting us at a 237 00:14:14,520 --> 00:14:18,040 Speaker 1: time when despite what the by administration says, it's not good. 238 00:14:18,600 --> 00:14:22,160 Speaker 1: It's not a good economy, and we have been wondering 239 00:14:22,720 --> 00:14:25,440 Speaker 1: when the real hit will happen. And this certainly feels 240 00:14:25,440 --> 00:14:28,480 Speaker 1: like the beginning of what could be something that sends 241 00:14:28,560 --> 00:14:33,480 Speaker 1: us into that reset recession direction. It certainly seems possible. 242 00:14:34,120 --> 00:14:38,760 Speaker 1: So the oscars were last night. We even do we talk? 243 00:14:38,960 --> 00:14:41,080 Speaker 1: This is always one of these things conservatives we sit here, 244 00:14:41,360 --> 00:14:45,000 Speaker 1: do we talk about the oscars or do we just 245 00:14:45,080 --> 00:14:48,360 Speaker 1: ignore them entirely? I decided to go for the short 246 00:14:48,520 --> 00:14:56,400 Speaker 1: version here of why is it that the oscars have 247 00:14:56,640 --> 00:14:58,880 Speaker 1: ceased to have the cultural relevance that they used to? 248 00:14:58,960 --> 00:15:02,280 Speaker 1: I mean, I remember back when great movies used to 249 00:15:02,320 --> 00:15:05,560 Speaker 1: be nominated, and we're winning Oscars on a regular basis. 250 00:15:06,240 --> 00:15:07,800 Speaker 1: It was I think they said it was watched by 251 00:15:07,800 --> 00:15:10,400 Speaker 1: a billion people, and it was this huge show and 252 00:15:10,440 --> 00:15:12,280 Speaker 1: all the glamor and there, and yeah, there were still 253 00:15:12,400 --> 00:15:16,040 Speaker 1: left wing idiots all over the place, but there were 254 00:15:16,440 --> 00:15:21,000 Speaker 1: movies like Saving Private Ryan and Braveheart and Gladiator and 255 00:15:21,760 --> 00:15:24,080 Speaker 1: you know, No Country for Old Men, which some people 256 00:15:24,120 --> 00:15:25,640 Speaker 1: like more than me, but it was a good movie 257 00:15:26,800 --> 00:15:28,320 Speaker 1: to go down the list. These are all movies that 258 00:15:28,720 --> 00:15:35,200 Speaker 1: were entertaining to watch and showed a real, real skill set, 259 00:15:35,240 --> 00:15:38,960 Speaker 1: a real peak in the craft of movie making. And 260 00:15:39,000 --> 00:15:40,840 Speaker 1: now they're all these movies getting nominated. I'm like, what 261 00:15:40,960 --> 00:15:43,000 Speaker 1: is that. I never even heard of these things before. 262 00:15:43,000 --> 00:15:47,600 Speaker 1: And the movie industry is a shadow of its former self. 263 00:15:47,640 --> 00:15:51,840 Speaker 1: That's obviously the case. Streaming and serialized content has taken 264 00:15:52,520 --> 00:15:55,520 Speaker 1: so much more of the attention. But the two things 265 00:15:55,520 --> 00:15:57,320 Speaker 1: I thought were introduced. One is that there was a 266 00:15:58,200 --> 00:16:01,920 Speaker 1: there was a woman in the audience with a huge 267 00:16:02,560 --> 00:16:08,920 Speaker 1: like veil part of her dress that was blocking the 268 00:16:09,040 --> 00:16:12,480 Speaker 1: view of people behind her at the Oscars. And I 269 00:16:12,520 --> 00:16:16,320 Speaker 1: know this seems like, you know, oh, how how big 270 00:16:16,320 --> 00:16:18,440 Speaker 1: a deal is this. I really do think that we 271 00:16:18,520 --> 00:16:23,760 Speaker 1: have seen the collapse of consideration in public venues. I 272 00:16:23,800 --> 00:16:30,400 Speaker 1: think that people now feel very feel very justified in 273 00:16:30,640 --> 00:16:35,880 Speaker 1: doing all kinds of things that are just rude. They're 274 00:16:35,920 --> 00:16:39,640 Speaker 1: just rude. I'm gonna say it. People will, They'll play. 275 00:16:40,000 --> 00:16:42,880 Speaker 1: I've come across this thing in the gym because you know, 276 00:16:42,920 --> 00:16:45,000 Speaker 1: I'm trying to fight the dad body even before I 277 00:16:45,120 --> 00:16:47,120 Speaker 1: become a dad. It's a losing battle so far, but 278 00:16:47,160 --> 00:16:50,120 Speaker 1: I'm working on it. I've come across people that have 279 00:16:50,280 --> 00:16:52,480 Speaker 1: really loud because the gym they're playing music, so they 280 00:16:52,480 --> 00:16:56,280 Speaker 1: have to shout over the music into their earphones, you know, 281 00:16:56,320 --> 00:17:00,800 Speaker 1: their air pods or whatever, and they're having these work 282 00:17:00,880 --> 00:17:05,639 Speaker 1: conversations that are so loud, and You're like, I don't 283 00:17:05,640 --> 00:17:10,160 Speaker 1: want to hear it. I don't want to hear your 284 00:17:11,119 --> 00:17:14,919 Speaker 1: your work conversation. And I also don't want to stare 285 00:17:15,080 --> 00:17:16,960 Speaker 1: into the back if I'm at a theater or a 286 00:17:17,040 --> 00:17:23,200 Speaker 1: venue of someone's hat or somebody's you know, gown or whatever. 287 00:17:24,680 --> 00:17:30,719 Speaker 1: Oscar nominee Thames was slammed on social media after her 288 00:17:30,760 --> 00:17:34,119 Speaker 1: elaborate outfit blocked the view of fellow attendees at the 289 00:17:34,119 --> 00:17:38,000 Speaker 1: Academy Awards. I mean, if you see the photo of this, 290 00:17:38,800 --> 00:17:41,199 Speaker 1: it's not a it's it would be like somebody's showing up. 291 00:17:41,280 --> 00:17:43,560 Speaker 1: It's it's like she has like a like a parachute 292 00:17:43,640 --> 00:17:47,160 Speaker 1: behind her head. I mean it's huge, and it blocks 293 00:17:47,200 --> 00:17:50,080 Speaker 1: the view of people behind her, and she just doesn't care. 294 00:17:50,160 --> 00:17:53,840 Speaker 1: And I guess no one's supposed to care. And consideration 295 00:17:53,960 --> 00:17:57,160 Speaker 1: for others is just out the window. It's just out 296 00:17:57,160 --> 00:17:58,879 Speaker 1: the window all over the place. No one seems to 297 00:17:58,920 --> 00:18:01,960 Speaker 1: paying attention to it. And that's what That's the big 298 00:18:02,000 --> 00:18:05,120 Speaker 1: takeaway for the Oscars for me. That and Jessica Chastain 299 00:18:05,200 --> 00:18:09,200 Speaker 1: put on a mask. Yep, gun owners, my fellow gun 300 00:18:09,200 --> 00:18:11,159 Speaker 1: owners out there, you're gonna like a new way of 301 00:18:11,200 --> 00:18:13,600 Speaker 1: training that I've been incorporating at home. It's a great 302 00:18:13,640 --> 00:18:16,399 Speaker 1: new tool called the Mantis X system. It allows you 303 00:18:16,440 --> 00:18:18,480 Speaker 1: to train with your firearm without any AMMO and really 304 00:18:18,520 --> 00:18:20,879 Speaker 1: work on your aim and your skills. The Mantis X 305 00:18:20,920 --> 00:18:23,280 Speaker 1: is a firearm training system that is no AMMO. It's 306 00:18:23,320 --> 00:18:26,159 Speaker 1: all electronic and it lets you improve your shooting accuracy 307 00:18:26,560 --> 00:18:28,119 Speaker 1: and it's also a whole lot of fun once you 308 00:18:28,160 --> 00:18:30,639 Speaker 1: get into it. It attaches to your firearm the mantis 309 00:18:30,760 --> 00:18:32,720 Speaker 1: X like a weapon light. You can use it at 310 00:18:32,760 --> 00:18:35,400 Speaker 1: home or at the range for training instead of using 311 00:18:35,400 --> 00:18:38,560 Speaker 1: expensive ammo. Mantis X gives you data driven, real time 312 00:18:38,560 --> 00:18:41,040 Speaker 1: feedback in your technique. Not only that, it guides you 313 00:18:41,080 --> 00:18:44,160 Speaker 1: through drills and courses. Nearly everyone using it so ninety 314 00:18:44,200 --> 00:18:47,560 Speaker 1: four improve their shooting within twenty minutes. Start improving your 315 00:18:47,560 --> 00:18:51,080 Speaker 1: shooting accuracy today. Get your mantis X at mantis x 316 00:18:51,160 --> 00:18:57,000 Speaker 1: dot com. That's m a NTI SX mantis x dot com. 317 00:18:57,160 --> 00:19:00,760 Speaker 1: The border is a mess. You know that. We try 318 00:19:00,800 --> 00:19:04,200 Speaker 1: to update you here about what's happening there as often 319 00:19:04,240 --> 00:19:07,959 Speaker 1: as we can, and there doesn't seem to be any 320 00:19:08,080 --> 00:19:12,960 Speaker 1: end inside. If anything, the Biden administration seems to be 321 00:19:13,080 --> 00:19:17,200 Speaker 1: favorable to the millions, to the prospect of millions more 322 00:19:18,080 --> 00:19:21,199 Speaker 1: illegal immigrants coming into the United States, in addition to 323 00:19:21,720 --> 00:19:26,280 Speaker 1: those who have already entered the six million, seven million, 324 00:19:26,359 --> 00:19:30,879 Speaker 1: whatever the actual number is since Biden became president. Now 325 00:19:31,000 --> 00:19:35,919 Speaker 1: I understand the way that they're playing the game. They're saying, oh, well, sure, 326 00:19:36,600 --> 00:19:39,639 Speaker 1: their initial entry was illegal, for which many of them 327 00:19:39,640 --> 00:19:42,560 Speaker 1: were not even detained, even though the law says they're 328 00:19:42,560 --> 00:19:45,800 Speaker 1: supposed to be detained. Their initial entry the United States 329 00:19:45,800 --> 00:19:50,280 Speaker 1: was illegal in all cases because walking into the United States, 330 00:19:50,920 --> 00:19:53,920 Speaker 1: even just walking across the US Mexico border, you're breaking 331 00:19:54,000 --> 00:19:57,760 Speaker 1: the law a way that walking on someone's front law, 332 00:19:57,800 --> 00:20:00,720 Speaker 1: and you know, trespassing is a violent of law. You 333 00:20:00,720 --> 00:20:03,480 Speaker 1: are breaking the law when you enter the United States. 334 00:20:03,640 --> 00:20:08,240 Speaker 1: You are violating our sovereign territory. But instead of deciding, 335 00:20:08,280 --> 00:20:09,800 Speaker 1: you know what, if you do that, we're just going 336 00:20:09,840 --> 00:20:13,480 Speaker 1: to send you back across the border, or even send 337 00:20:13,520 --> 00:20:16,280 Speaker 1: you to your country of origin, we allow for what 338 00:20:16,320 --> 00:20:21,000 Speaker 1: are called defensive asylum claims, where people are able to say, Okay, sure, 339 00:20:21,040 --> 00:20:26,200 Speaker 1: I came into your country illegally, but I am fleeing 340 00:20:26,400 --> 00:20:29,639 Speaker 1: violence in my home country. They are coached about what 341 00:20:29,680 --> 00:20:34,080 Speaker 1: to say. It's very easy, and then they beat the 342 00:20:34,160 --> 00:20:36,680 Speaker 1: credible fear the first phase of their credible fear tests, 343 00:20:37,000 --> 00:20:40,280 Speaker 1: and they effectively disappear into this system that has millions 344 00:20:40,280 --> 00:20:42,560 Speaker 1: and millions of people waiting to go through it, a 345 00:20:42,600 --> 00:20:49,520 Speaker 1: massive backlog, multiple stages of process and enforcement, at which 346 00:20:49,520 --> 00:20:53,600 Speaker 1: point it can break down, and it does, and so 347 00:20:53,800 --> 00:20:55,840 Speaker 1: it's just a backdoor way of letting people come into 348 00:20:55,840 --> 00:20:58,760 Speaker 1: the United States illegally and stay here forever. That's the 349 00:20:58,800 --> 00:21:01,280 Speaker 1: whole game. They say, oh, these are asylum seekers. What 350 00:21:01,400 --> 00:21:03,920 Speaker 1: do you think the Democrats who are making that claim now, 351 00:21:04,000 --> 00:21:08,720 Speaker 1: including the Mayor of New York City, Eric Adams, What 352 00:21:08,800 --> 00:21:11,879 Speaker 1: do you think those Democrats will say when in a 353 00:21:11,920 --> 00:21:14,199 Speaker 1: couple of years time, it has become very clear to 354 00:21:14,280 --> 00:21:18,399 Speaker 1: everybody that they're not showing up for their hearings, they're 355 00:21:18,400 --> 00:21:21,720 Speaker 1: breaking the law. Then they're illegal in the country outright. 356 00:21:22,640 --> 00:21:25,040 Speaker 1: And do you think they're gonna say, Okay, yeah, now 357 00:21:25,080 --> 00:21:29,120 Speaker 1: we're going to deport them. Does anyone believe that? Of 358 00:21:29,119 --> 00:21:33,280 Speaker 1: course not, of course not. So this would be like 359 00:21:33,400 --> 00:21:36,200 Speaker 1: saying that we're going to give bail to all kinds 360 00:21:36,200 --> 00:21:38,680 Speaker 1: of people who we know are never going to show 361 00:21:38,760 --> 00:21:40,600 Speaker 1: up for trial. And when we say, hold on a second, 362 00:21:40,640 --> 00:21:42,120 Speaker 1: there's a problem here, they say, what do you mean 363 00:21:42,760 --> 00:21:45,440 Speaker 1: they're going to show up. They're not going to flee, 364 00:21:45,560 --> 00:21:47,880 Speaker 1: they're not a flight risk. They're all flight risks. They're 365 00:21:47,880 --> 00:21:50,320 Speaker 1: never showing up. And even if they show up and 366 00:21:50,359 --> 00:21:52,800 Speaker 1: are convicted in this case that they're denied asylum, they're 367 00:21:52,800 --> 00:21:55,520 Speaker 1: not going to have to leave the country because that 368 00:21:55,520 --> 00:21:58,440 Speaker 1: would require deportation proceedings and they're not going to do it. 369 00:21:59,160 --> 00:22:02,440 Speaker 1: So guess what it's all a scam, the whole thing. 370 00:22:03,320 --> 00:22:07,960 Speaker 1: It's not like the Democrats will commit to expelling those 371 00:22:08,000 --> 00:22:11,440 Speaker 1: who are in the country who do not qualify for asylum, 372 00:22:11,480 --> 00:22:13,960 Speaker 1: because then they are no longer have any legal basis 373 00:22:13,960 --> 00:22:15,439 Speaker 1: to be here. They're not going to expel them. There 374 00:22:15,440 --> 00:22:18,080 Speaker 1: are millions of legal imigrants who are already here before 375 00:22:18,119 --> 00:22:22,320 Speaker 1: this whole asylum scam. So this is why the whole 376 00:22:22,320 --> 00:22:24,360 Speaker 1: thing is a mess. But you also get a sense 377 00:22:24,359 --> 00:22:27,359 Speaker 1: of the mentality of the migrants who are coming over now, 378 00:22:28,240 --> 00:22:33,720 Speaker 1: as over the weekend at the Paso del Norte bridge 379 00:22:33,800 --> 00:22:37,960 Speaker 1: in El Paso Passage North Bridge, I guess is that 380 00:22:38,000 --> 00:22:41,440 Speaker 1: what that is? And al Paso there was a group 381 00:22:41,520 --> 00:22:47,000 Speaker 1: of a thousand migrants that tried to rush checkpoints. This 382 00:22:47,119 --> 00:22:50,399 Speaker 1: is on video. There's video and photographs of this between 383 00:22:50,480 --> 00:22:55,600 Speaker 1: Warez and El Paso to Warres, Mexico and El Paso, Texas, 384 00:22:56,440 --> 00:22:59,480 Speaker 1: and the photos show you that this was a very 385 00:22:59,600 --> 00:23:04,560 Speaker 1: serious and it's a very very serious effort. This was 386 00:23:04,720 --> 00:23:12,879 Speaker 1: an attempt to overwhelm the people who were supposed to 387 00:23:12,920 --> 00:23:15,320 Speaker 1: be enforcing our laws and preventing this kind of thing 388 00:23:15,359 --> 00:23:18,199 Speaker 1: from happening. Now, they were not successful because of all 389 00:23:18,200 --> 00:23:21,240 Speaker 1: the barbed wire and a joint deployment of US and 390 00:23:22,400 --> 00:23:27,520 Speaker 1: Mexican officials, Mexican military, US border patrol. They were not 391 00:23:27,680 --> 00:23:32,520 Speaker 1: able to just run through these these checkpoints. But there 392 00:23:32,560 --> 00:23:34,800 Speaker 1: have been other times where we've already seen a one hundred, 393 00:23:34,840 --> 00:23:37,800 Speaker 1: two hundred, three hundred. They'll do this, They'll they'll have 394 00:23:37,840 --> 00:23:42,080 Speaker 1: effectively a jailbreak approach. They'll all just run for it 395 00:23:42,080 --> 00:23:45,520 Speaker 1: at the same time and try to get into the 396 00:23:45,600 --> 00:23:49,159 Speaker 1: United States. And so what are we going to do 397 00:23:49,240 --> 00:23:50,600 Speaker 1: to stop all of us? You say, oh, well, this 398 00:23:50,680 --> 00:23:52,399 Speaker 1: time they stopped them the checkpoint. Yeah, but they'll be 399 00:23:52,400 --> 00:23:54,280 Speaker 1: other checkpoints where they can't stop them though, the other 400 00:23:54,280 --> 00:23:58,000 Speaker 1: places along the border where they're able to get in easily. 401 00:23:59,240 --> 00:24:04,560 Speaker 1: Until we refuse to allow people to come into the 402 00:24:04,600 --> 00:24:09,199 Speaker 1: country illegally and stay here illegally and benefit from the 403 00:24:09,240 --> 00:24:12,960 Speaker 1: American welfare state, the American economy, and benefit from the 404 00:24:12,960 --> 00:24:18,359 Speaker 1: actions of their illegality. This continues, and in fact, it 405 00:24:18,440 --> 00:24:21,600 Speaker 1: just gets worse, it gets worse. I really think the 406 00:24:21,640 --> 00:24:24,879 Speaker 1: Democrat plan here with all of this is to allow 407 00:24:24,920 --> 00:24:27,320 Speaker 1: the numbers to get to be so big of illegals 408 00:24:27,359 --> 00:24:31,720 Speaker 1: in the country that there becomes a sense of inevitability 409 00:24:31,760 --> 00:24:35,120 Speaker 1: for the amnesty that is supposed to happen, and then 410 00:24:35,200 --> 00:24:38,800 Speaker 1: once they enact that amnesty, they're gonna want voting rights. 411 00:24:38,800 --> 00:24:41,280 Speaker 1: And once they give them voting rights, you have a 412 00:24:41,320 --> 00:24:44,560 Speaker 1: permanent Democrat majority in the United States. That's the plan. 413 00:24:45,680 --> 00:24:49,680 Speaker 1: That's the plan because people that are here with first 414 00:24:49,680 --> 00:24:52,400 Speaker 1: of all, who have broken the law, So criminals tend 415 00:24:52,400 --> 00:24:55,280 Speaker 1: to vote Democrats. Just just the truth. But people who 416 00:24:55,320 --> 00:24:59,960 Speaker 1: have broken the law, people who don't speak English, people 417 00:25:00,080 --> 00:25:05,560 Speaker 1: who are unable to effectively immediately compete in a primarily 418 00:25:05,600 --> 00:25:08,520 Speaker 1: information or increasingly information based economy, are going to be 419 00:25:08,520 --> 00:25:12,040 Speaker 1: more dependent upon the resources of the state. They're gonna 420 00:25:12,040 --> 00:25:14,119 Speaker 1: need more welfare, They're gonna need more state assistance. And 421 00:25:14,400 --> 00:25:16,679 Speaker 1: if anyone wants to argue at this point, explain that 422 00:25:16,720 --> 00:25:18,760 Speaker 1: to the mayor of New York City who's saying they 423 00:25:18,800 --> 00:25:21,639 Speaker 1: can't afford the forty thousand illegal migrants who have been 424 00:25:21,720 --> 00:25:24,920 Speaker 1: dropped in New York City. The city but a budget 425 00:25:24,960 --> 00:25:27,679 Speaker 1: can't afford it, uh, you know, two billion dollars, they 426 00:25:27,720 --> 00:25:29,600 Speaker 1: say it's going to cost something like that. It's crazy 427 00:25:31,119 --> 00:25:33,399 Speaker 1: talking about billions of dollars for people aren't even supposed 428 00:25:33,400 --> 00:25:36,640 Speaker 1: to be here in the first place. In one city. Oh, 429 00:25:36,680 --> 00:25:38,639 Speaker 1: hold on, I thought there's so much more law abiding 430 00:25:38,640 --> 00:25:42,119 Speaker 1: and hard working than Americans. Why why would we believe 431 00:25:42,160 --> 00:25:44,960 Speaker 1: that that is true? It Notice how the people that 432 00:25:45,000 --> 00:25:47,760 Speaker 1: are the biggest advocates of illegal immigration, one of the 433 00:25:47,800 --> 00:25:52,119 Speaker 1: first things they do is denigrate Americans. All Americans. Ah, Americans, 434 00:25:52,320 --> 00:25:56,040 Speaker 1: we're too lazy, we won't do these jobs. We're not okay, 435 00:25:57,000 --> 00:25:59,800 Speaker 1: we're not as law abiding as the illegals who in 436 00:25:59,880 --> 00:26:03,360 Speaker 1: this case, we're trying to storm a border patrol checkpoint 437 00:26:03,359 --> 00:26:07,199 Speaker 1: to run into America because our laws and our sovereignty 438 00:26:07,480 --> 00:26:11,320 Speaker 1: do not matter a matter of Democrats, that's for sure. 439 00:26:12,240 --> 00:26:14,399 Speaker 1: Do they matter enough to Republicans that they'll do something 440 00:26:14,400 --> 00:26:17,359 Speaker 1: about it? What is the plan? I don't even know 441 00:26:17,359 --> 00:26:20,120 Speaker 1: if the Republicans have a plan for this. I don't 442 00:26:20,119 --> 00:26:23,040 Speaker 1: think they've really thought this one through, and I think 443 00:26:23,040 --> 00:26:25,960 Speaker 1: they're wondering, first of all, who the Republican candidate is 444 00:26:25,960 --> 00:26:31,560 Speaker 1: going to be. But the immigration issue was far from 445 00:26:31,600 --> 00:26:35,440 Speaker 1: solved even under the last president. So this is a 446 00:26:35,480 --> 00:26:39,520 Speaker 1: major challenge that continues to this day, and it's just 447 00:26:39,600 --> 00:26:43,879 Speaker 1: going to continue. In the meantime, the fentonyl flow, the 448 00:26:43,920 --> 00:26:47,280 Speaker 1: strength of the cartels, the human smuggling operations, and then 449 00:26:47,600 --> 00:26:50,400 Speaker 1: the enormous costs borne by the taxpayer. You know, it's 450 00:26:50,400 --> 00:26:52,280 Speaker 1: one thing when it feels like the economy is doing 451 00:26:52,320 --> 00:26:55,320 Speaker 1: pretty well and we got plenty of money, we had 452 00:26:55,320 --> 00:26:58,760 Speaker 1: into a really difficult period here economically, which I think 453 00:26:58,880 --> 00:27:01,000 Speaker 1: is very possible. I think a lot of people think that. 454 00:27:02,760 --> 00:27:06,680 Speaker 1: You think that the billion dollars year, billion dollars there 455 00:27:06,760 --> 00:27:10,520 Speaker 1: for illegal migrants pay for their food, they're housing, their 456 00:27:10,520 --> 00:27:12,960 Speaker 1: medical care. You know, the illegal migrants who were protesting 457 00:27:12,960 --> 00:27:15,400 Speaker 1: in New York City because they weren't able to continue 458 00:27:15,400 --> 00:27:18,040 Speaker 1: to stay at taxpayer expense at a four star hotel 459 00:27:18,520 --> 00:27:21,080 Speaker 1: for months on end. Do you think that starts to 460 00:27:21,160 --> 00:27:25,720 Speaker 1: be a problem at least politically, We shall see. I 461 00:27:25,760 --> 00:27:27,760 Speaker 1: think the Democrats may be finding this one out the 462 00:27:27,760 --> 00:27:31,200 Speaker 1: hard way. You know, my cell phone company is Pure Talk, 463 00:27:31,240 --> 00:27:33,399 Speaker 1: which is the same one that saves the average sized 464 00:27:33,440 --> 00:27:36,440 Speaker 1: family over nine hundred dollars a year when they switch 465 00:27:36,480 --> 00:27:39,800 Speaker 1: from Verizon at and T or T Mobile. You won't 466 00:27:39,800 --> 00:27:44,000 Speaker 1: find savings like these all over the place. It's very hard. Actually, 467 00:27:44,200 --> 00:27:46,720 Speaker 1: nine hundred bucks a year, that's what you can save. 468 00:27:46,840 --> 00:27:49,680 Speaker 1: Nine hundred dollars a year, particularly when you factor in 469 00:27:49,720 --> 00:27:52,639 Speaker 1: that everyone switching still gets ultra fast five G service. 470 00:27:53,119 --> 00:27:55,040 Speaker 1: With pure Talk, you can get a limited talk tax 471 00:27:55,119 --> 00:27:57,080 Speaker 1: and plenty of data for just thirty bucks a month. 472 00:27:57,359 --> 00:27:59,760 Speaker 1: And pure Talk is so sure you're gonna love their service, 473 00:28:00,119 --> 00:28:03,320 Speaker 1: backing it up with a one hundred percent money back guarantee. 474 00:28:03,680 --> 00:28:06,840 Speaker 1: So instead of paying a boatload of Verizon AT and 475 00:28:06,880 --> 00:28:09,960 Speaker 1: T or T Mobile every month, cut your bill in half. 476 00:28:10,000 --> 00:28:12,199 Speaker 1: With pure Talk, your work with a great group of 477 00:28:12,200 --> 00:28:14,399 Speaker 1: customer service people, every one of them based here in 478 00:28:14,400 --> 00:28:16,639 Speaker 1: the US, and you'll be supporting a company that is 479 00:28:16,680 --> 00:28:19,040 Speaker 1: veteran owned and who has you covered with a money 480 00:28:19,040 --> 00:28:22,880 Speaker 1: back guarantee. Just dial pound two five zero and say 481 00:28:22,960 --> 00:28:26,200 Speaker 1: Clay and Buck. You'll say fifty percent off your first month. 482 00:28:26,600 --> 00:28:30,640 Speaker 1: That's pound two five zero, say Clay and Buck. Pure 483 00:28:30,680 --> 00:28:34,200 Speaker 1: Talk is simply smarter. Wireless restrictions apply. See Psyche for details. 484 00:28:34,840 --> 00:28:38,440 Speaker 1: Subscribe to CNB twenty four to seven. Had never miss 485 00:28:38,480 --> 00:28:40,959 Speaker 1: a minute of Clay and Buck while getting behind the 486 00:28:41,000 --> 00:28:44,840 Speaker 1: scene access to special content for members only, You're gonna 487 00:28:44,840 --> 00:28:46,760 Speaker 1: be close it up shop here on Clay and Buck 488 00:28:46,800 --> 00:28:49,200 Speaker 1: for the day. If you missed any part of the show, 489 00:28:49,320 --> 00:28:52,480 Speaker 1: Please subscribe to Clay, Travis and Buck Sexton Show podcast 490 00:28:53,080 --> 00:28:55,520 Speaker 1: and also if you're listening on radio, but you want 491 00:28:55,520 --> 00:28:58,160 Speaker 1: to hear the Deep Dive podcast that I've been doing 492 00:28:58,840 --> 00:29:02,440 Speaker 1: some great folks. Talk to Matthew Marsden last week. He's 493 00:29:02,480 --> 00:29:06,720 Speaker 1: an actor, a very anti woke actor, very anti vaccine 494 00:29:06,760 --> 00:29:09,440 Speaker 1: mandate as well. He was in Black Hawk Down. He 495 00:29:09,560 --> 00:29:14,040 Speaker 1: was in the The Atlas Shrugged movie that was made 496 00:29:14,040 --> 00:29:17,680 Speaker 1: some years ago. You gotta subscribe to the podcast. You 497 00:29:17,720 --> 00:29:19,840 Speaker 1: cannot subscribe to the Clay and Buck podcast or the 498 00:29:19,880 --> 00:29:22,360 Speaker 1: Buck Sexton Show, which is just what we call the 499 00:29:23,200 --> 00:29:26,240 Speaker 1: the Deep Dives. The same same ideas subscribe to either 500 00:29:26,280 --> 00:29:29,120 Speaker 1: one of them. Got a YouTube dot com slash Buck 501 00:29:29,160 --> 00:29:31,440 Speaker 1: Sexton as well, because we do video of them as well, 502 00:29:31,480 --> 00:29:34,640 Speaker 1: which is kind of fun, So please subscribe there. And 503 00:29:34,800 --> 00:29:37,000 Speaker 1: also got a clayon Buck dot com. Become a VIP 504 00:29:37,160 --> 00:29:39,200 Speaker 1: You can email us and I'll be going through some 505 00:29:39,240 --> 00:29:41,160 Speaker 1: of the emails this week. We'll be pulling some of 506 00:29:41,200 --> 00:29:45,080 Speaker 1: them so that we can have those as a part 507 00:29:45,360 --> 00:29:49,160 Speaker 1: of the show. And I do think we're gonna be 508 00:29:49,200 --> 00:29:55,400 Speaker 1: talking a lot about banking in the days ahead. I 509 00:29:55,440 --> 00:29:57,000 Speaker 1: think we've got a lot of things going on here. 510 00:29:57,800 --> 00:30:02,400 Speaker 1: Teresa in Indiana is on the line. What's going on Teresa, 511 00:30:02,800 --> 00:30:04,840 Speaker 1: I just want to find out what's going on with 512 00:30:04,920 --> 00:30:08,200 Speaker 1: these banks. Well, I'm glad you're listening to the show, 513 00:30:08,240 --> 00:30:10,360 Speaker 1: because it sounds like the banks are in a rough spot. 514 00:30:11,120 --> 00:30:15,880 Speaker 1: I know, it's like, what's going on here? Is well 515 00:30:16,080 --> 00:30:18,320 Speaker 1: in two thousand and eight to sit there and saying 516 00:30:18,360 --> 00:30:22,520 Speaker 1: everything's fine. Now they're saying, oh, well it's fine, but 517 00:30:22,600 --> 00:30:26,200 Speaker 1: we had the money there Isn't that still taxpayers money? 518 00:30:27,240 --> 00:30:29,280 Speaker 1: That's a really interesting question actually, and this goes to 519 00:30:29,360 --> 00:30:31,480 Speaker 1: the thank you for calling in, Teresa. She also asked 520 00:30:31,520 --> 00:30:34,600 Speaker 1: about I see here the nationalization of banks or the 521 00:30:34,640 --> 00:30:36,600 Speaker 1: consolidation of banks, which is a big part of this. 522 00:30:38,440 --> 00:30:42,080 Speaker 1: When when you're talking about the government taking on assets 523 00:30:42,120 --> 00:30:46,400 Speaker 1: are taking on liabilities, you know, people would point to 524 00:30:47,080 --> 00:30:50,120 Speaker 1: the bank bell out and that it was eventually paid back. 525 00:30:51,320 --> 00:30:54,480 Speaker 1: The government would say that it made money back on 526 00:30:54,800 --> 00:30:59,520 Speaker 1: many of those investments by becoming de facto partial owners 527 00:30:59,560 --> 00:31:04,040 Speaker 1: of some of the banks. The issue here is, you know, 528 00:31:04,040 --> 00:31:09,520 Speaker 1: people talk about moral hazard and accountability and who's allowed 529 00:31:09,520 --> 00:31:12,680 Speaker 1: to lose in our system? Right, if we have a 530 00:31:12,680 --> 00:31:17,360 Speaker 1: system where you the individual are held responsible, you know, 531 00:31:17,400 --> 00:31:19,880 Speaker 1: you you lose your job, you have a medical emergency, 532 00:31:20,000 --> 00:31:23,080 Speaker 1: and you can't pay your bills. You know, you go bankrupt, 533 00:31:23,120 --> 00:31:27,200 Speaker 1: you lose your house. But these these bankers at SVB, 534 00:31:28,160 --> 00:31:33,400 Speaker 1: their model was premised on making riskier investments, and so 535 00:31:33,440 --> 00:31:36,120 Speaker 1: they were trying to do a lot of you know, 536 00:31:36,280 --> 00:31:38,400 Speaker 1: and I know by there's a lot of diversity inclusion stuff. 537 00:31:38,440 --> 00:31:40,720 Speaker 1: I haven't focused on that as much today for SVB 538 00:31:40,800 --> 00:31:44,080 Speaker 1: as I'm sure some other people have, because that's going 539 00:31:44,080 --> 00:31:47,200 Speaker 1: on at all the banks. Got news for anybody. That's 540 00:31:47,240 --> 00:31:52,200 Speaker 1: going on everywhere, every investment bank, every commercial and lending bank. 541 00:31:52,240 --> 00:31:55,560 Speaker 1: I mean, the the wokeness virus has spread do all 542 00:31:55,560 --> 00:31:58,400 Speaker 1: these financial institutions. So maybe it was a little worse 543 00:31:58,440 --> 00:32:01,959 Speaker 1: at Silicon Valley Bank because of the kind of business 544 00:32:01,960 --> 00:32:05,520 Speaker 1: that was doing, but this is very very commonplace. It's 545 00:32:05,560 --> 00:32:08,600 Speaker 1: really actually expected now. There might be some regional and 546 00:32:08,680 --> 00:32:12,040 Speaker 1: more more localized banks that don't have as much of this, 547 00:32:12,120 --> 00:32:15,760 Speaker 1: but they're also the ones that are the most at risk. 548 00:32:16,320 --> 00:32:19,200 Speaker 1: If you have a bank run and the consolidation occurs, 549 00:32:20,000 --> 00:32:23,800 Speaker 1: it would be money moving from your your community bank 550 00:32:23,800 --> 00:32:25,680 Speaker 1: where you know, your regional bank that you know and 551 00:32:25,680 --> 00:32:30,240 Speaker 1: where you perhaps a relationship with the person who's the 552 00:32:30,280 --> 00:32:34,920 Speaker 1: main mortgage uh you know, mortgage agent, mortgage lender, et cetera. 553 00:32:35,600 --> 00:32:41,000 Speaker 1: And you know, the consolidation of all of you, of 554 00:32:41,040 --> 00:32:44,280 Speaker 1: all of the major deposits in just the giant too 555 00:32:44,280 --> 00:32:46,640 Speaker 1: big to fail institutions. You know that comes with some 556 00:32:46,720 --> 00:32:50,800 Speaker 1: challenges too. This is not the way the system is 557 00:32:50,840 --> 00:32:52,840 Speaker 1: supposed to work. So we have to look at this 558 00:32:54,360 --> 00:32:59,840 Speaker 1: top to bottom and see what our expectations are. Because yeah, okay, 559 00:33:00,040 --> 00:33:03,560 Speaker 1: we had to stop run on other banks. That was 560 00:33:03,560 --> 00:33:06,640 Speaker 1: the decision that was made. Most of the people that 561 00:33:06,720 --> 00:33:10,040 Speaker 1: I know who understand the banking system seem to agree 562 00:33:10,080 --> 00:33:13,760 Speaker 1: with that, even though they don't like it. We just 563 00:33:13,800 --> 00:33:16,160 Speaker 1: had our caller therese asking what's going on? This is 564 00:33:16,280 --> 00:33:21,800 Speaker 1: a bailout. It's just not a straight up taxpayer cash 565 00:33:21,880 --> 00:33:25,600 Speaker 1: infusion bailout, but it's the government stepping in taking over 566 00:33:26,120 --> 00:33:31,200 Speaker 1: and shifting things around so that depositors are protected, so 567 00:33:31,320 --> 00:33:35,520 Speaker 1: they're bailing them out, especially how they're doing it. And yeah, 568 00:33:35,560 --> 00:33:38,240 Speaker 1: I think I think that what you're going to see 569 00:33:38,480 --> 00:33:41,720 Speaker 1: is there's only so much more that the Biden White 570 00:33:41,760 --> 00:33:46,640 Speaker 1: House can do to try and cover up the increasingly 571 00:33:46,680 --> 00:33:50,240 Speaker 1: obvious reality that this is a weak economy, that we 572 00:33:50,320 --> 00:33:55,280 Speaker 1: are far too indebted, that we're heading into some very 573 00:33:55,920 --> 00:34:00,240 Speaker 1: choppy economic waters and there's gonna be there's gonna be suffering. 574 00:34:00,520 --> 00:34:01,920 Speaker 1: I mean, think about one of the one of the 575 00:34:01,960 --> 00:34:05,720 Speaker 1: fundamental problems do they often talk about in psychology, and 576 00:34:05,800 --> 00:34:07,760 Speaker 1: this is really the psychology of life, you know, short 577 00:34:07,880 --> 00:34:12,040 Speaker 1: term versus long term gratification, And this is one of 578 00:34:12,040 --> 00:34:18,000 Speaker 1: the secrets to a life that is uh, is building, 579 00:34:18,560 --> 00:34:22,560 Speaker 1: is prosperous, is happy, is stable, to focus on long 580 00:34:22,680 --> 00:34:25,520 Speaker 1: term gratification over short term right, you know, do I 581 00:34:26,120 --> 00:34:27,640 Speaker 1: do I want to go for a walk for half 582 00:34:27,680 --> 00:34:29,719 Speaker 1: an hour with my with my wife? Or do I 583 00:34:29,760 --> 00:34:32,120 Speaker 1: want to have the three donuts right now? Right? Or 584 00:34:32,160 --> 00:34:35,759 Speaker 1: you know, am I gonna Can I not buy that? 585 00:34:36,440 --> 00:34:38,759 Speaker 1: You know, not buy that jet ski now? Or to 586 00:34:38,800 --> 00:34:40,799 Speaker 1: put the money in the bank and save it and 587 00:34:41,120 --> 00:34:42,600 Speaker 1: we'll put the money in the bank. Sounds like not 588 00:34:42,640 --> 00:34:46,080 Speaker 1: a great idea right now, but it'll be fine, I think. 589 00:34:47,600 --> 00:34:49,600 Speaker 1: But you know, you save up for something for a 590 00:34:49,640 --> 00:34:51,000 Speaker 1: house downline, you know what it said, you all know, 591 00:34:51,120 --> 00:34:54,360 Speaker 1: short term, long term term gratification. The way this plays 592 00:34:54,400 --> 00:34:58,239 Speaker 1: out with monetary policy is there's always going to be 593 00:34:58,280 --> 00:35:01,640 Speaker 1: there's always this incentive in the moment to do whatever 594 00:35:01,800 --> 00:35:05,160 Speaker 1: is going to make people feel like things are better 595 00:35:05,200 --> 00:35:07,759 Speaker 1: than they are. This is where you get QEE for 596 00:35:08,120 --> 00:35:10,560 Speaker 1: quantitative easing. And the answer is always, oh my gosh, 597 00:35:10,760 --> 00:35:14,560 Speaker 1: if we don't do this, it's going to it's gonna 598 00:35:14,600 --> 00:35:16,719 Speaker 1: stink for a while. Right, people are gonna be job 599 00:35:16,760 --> 00:35:20,520 Speaker 1: losses and everything else. But if you keep doing this, 600 00:35:21,800 --> 00:35:24,000 Speaker 1: where does that leave us? What are the options that 601 00:35:24,040 --> 00:35:27,080 Speaker 1: you are left with in the long term? Right, So 602 00:35:27,120 --> 00:35:30,040 Speaker 1: the short term game is, let's print trillion. Let's tell 603 00:35:30,080 --> 00:35:33,160 Speaker 1: everyone to stay home, print trillions of dollars, freeze whole 604 00:35:33,160 --> 00:35:36,520 Speaker 1: sectors of the economy, and see what happens. Because we're scared, 605 00:35:36,760 --> 00:35:38,719 Speaker 1: and because we don't want people to be without the 606 00:35:38,719 --> 00:35:41,319 Speaker 1: money they need to buy food, So let's just try that. 607 00:35:41,360 --> 00:35:43,880 Speaker 1: So we tried that, and then the Buide administration with 608 00:35:43,960 --> 00:35:47,960 Speaker 1: the two trillion to start off. But nobody ever wants 609 00:35:48,000 --> 00:35:49,880 Speaker 1: to be the one that says that the music has stopped, 610 00:35:49,920 --> 00:35:51,600 Speaker 1: you know, nobody ever wants to be the one that 611 00:35:51,640 --> 00:35:53,680 Speaker 1: says that there is no Santa Claus, that there is 612 00:35:53,680 --> 00:35:58,000 Speaker 1: no free stuff. And so at some point the math 613 00:35:58,239 --> 00:36:04,280 Speaker 1: just becomes the decide. The math becomes inescapable. And I 614 00:36:04,320 --> 00:36:07,640 Speaker 1: am thinking that we're heading forward that right now, how 615 00:36:07,719 --> 00:36:11,359 Speaker 1: are we going to get inflation down economic pain. How 616 00:36:11,400 --> 00:36:13,520 Speaker 1: are we going to have the stabilization of banks and 617 00:36:13,560 --> 00:36:18,680 Speaker 1: the continued ability to extend credit in the future. You're 618 00:36:18,719 --> 00:36:20,880 Speaker 1: going to have to have some difficult choices made now, 619 00:36:21,640 --> 00:36:23,920 Speaker 1: and there's just no there's no way around it. Right. 620 00:36:24,000 --> 00:36:26,400 Speaker 1: What goes up must come down. These are basic laws 621 00:36:26,440 --> 00:36:29,239 Speaker 1: of reality that no matter how much Elizabeth Warren or 622 00:36:29,280 --> 00:36:33,560 Speaker 1: Biden or whomever thinks they can suspend them, they can't. 623 00:36:33,880 --> 00:36:37,440 Speaker 1: They can only delay them. Eventually, the bill comes due, 624 00:36:38,160 --> 00:36:42,080 Speaker 1: and for trillions of dollars of spending and all kinds 625 00:36:42,120 --> 00:36:45,360 Speaker 1: of financial alchemy, feels like the bills come and do 626 00:36:45,560 --> 00:36:48,319 Speaker 1: right now. The end of the meal, we order too 627 00:36:48,320 --> 00:36:51,080 Speaker 1: many bottles of wine, and this is going to be expensive. 628 00:36:51,080 --> 00:36:51,319 Speaker 1: Folk