WEBVTT - Backin' Up the Claims

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<v Speaker 1>Broadcasting live from the Abraham Lincoln Radio Studio, the George

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<v Speaker 1>Washington Broadcast Center.

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<v Speaker 2>Jack Armstrong, Joe Kaddy, I'm strong and Jackie and now he.

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<v Speaker 3>Arms all.

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<v Speaker 2>Well, I've been abandoned. Joe abandoned me. He and his

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<v Speaker 2>wife Judy are on.

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<v Speaker 4>A fortieth anniversary vacation starting today.

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<v Speaker 2>He might check in at some point as they are

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<v Speaker 2>going on a cruise.

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<v Speaker 4>In Alaska to Alaska, around Alaska, not exactly sure, and

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<v Speaker 4>Scott Alaska and even Heather Myers or a newsperson has

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<v Speaker 4>abandoned me.

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<v Speaker 2>So I'm completely alone.

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<v Speaker 4>I feel rejected. I feel like I did in high school.

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<v Speaker 4>Actually that's what I do. I feel like I did.

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<v Speaker 2>In ice school. Nobody likes me. I'm all alone.

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<v Speaker 4>We do have some I hadn't planned on starting with

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<v Speaker 4>a ran the war with Iran, and we are going

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<v Speaker 4>to talk to I think Mike Lyons a little bit

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<v Speaker 4>later in the show about that. I also want to

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<v Speaker 4>talk to him about Ussia and Ukraine. Is there some

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<v Speaker 4>even more developments showing that Ukraine might actually win this thing?

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<v Speaker 2>Anyway?

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<v Speaker 4>Got to say something about Iran, some major breaking news

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<v Speaker 4>around that. So the question for the past several days

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<v Speaker 4>had been jd Vance and Donald Trump making all kinds

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<v Speaker 4>of claims that nobody can back up, and the Aranians

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<v Speaker 4>are saying we didn't agree to that, and everybody wondering,

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<v Speaker 4>are they just lying or what is going on here? Well,

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<v Speaker 4>guy at the head of the IAEA, man, does that

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<v Speaker 4>bring back memories talking about Iraq way back in the

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<v Speaker 4>day weapons inspects? That was all the talk back in

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<v Speaker 4>two thousand and three. We went on the air in

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<v Speaker 4>San Francisco in March of two thousand and three, thank

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<v Speaker 4>you gladys, because the Iraq war wasn't coming, and lots

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<v Speaker 4>of talk about weapons inspectors and were their weapons of

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<v Speaker 4>mass destruction and all that sort of stuff, and the

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<v Speaker 4>IAEA was right at the center of it.

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<v Speaker 2>And the guy from.

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<v Speaker 4>The IAEA came out today and said, yeah, yeah, we're

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<v Speaker 4>going to be back on the ground in Iran. It's

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<v Speaker 4>part of the deal with Iran, and we've seen it

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<v Speaker 4>with the language and we will be on the ground

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<v Speaker 4>inspecting or attempting to suss out whether or not they've

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<v Speaker 4>got a nuclear program or not. So the IAEA is

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<v Speaker 4>on board. Why Iran continues to say we didn't agree

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<v Speaker 4>to that. I have no idea. I don't know if

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<v Speaker 4>they just like jerking Trump around, jerking the world around,

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<v Speaker 4>being naughty as they signed on to disagreement to show

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<v Speaker 4>their I don't know what it is, or if they

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<v Speaker 4>have to say this for their domestic audience, not the

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<v Speaker 4>college kids that were in the street before they got

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<v Speaker 4>mowed down by machine guns who want the regime overthrown.

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<v Speaker 4>But you know the people that wear all black enchant

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<v Speaker 4>and death to America in the street. Maybe they and

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<v Speaker 4>because there's still the millions of those people, uh, maybe

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<v Speaker 4>they have to to that crowd say we didn't agree

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<v Speaker 4>to that. The United States is not going to dictate

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<v Speaker 4>that we give up our nuclear program. According to the IAEA,

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<v Speaker 4>the International Atomic ia Enforcement Administration, I think that's what

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<v Speaker 4>it is. According to the IAEA, they are going to

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<v Speaker 4>be on the ground and that's part of the agreement.

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<v Speaker 4>So that's big news. That is big news. JD Vance

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<v Speaker 4>wasn't free lance, and it wasn't making it up, wasn't lying.

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<v Speaker 4>Neither was Trump when they said no, no, Ran doesn't

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<v Speaker 4>know what they're talking about. That isn't part of the agreement.

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<v Speaker 4>So maybe that other stuff is part of the agreement too.

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<v Speaker 4>I don't know. So we can talk about that later.

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<v Speaker 4>The thing that is pretty big news is the clean

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<v Speaker 4>sweep of socialist candidates there in New York backed by

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<v Speaker 4>Zoran Mandan Mom Dunny, the Communist mayor of New York City.

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<v Speaker 4>He backed to some socialist candidates. This is a primary,

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<v Speaker 4>so this is Democrats running against the Democrats. Is one

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<v Speaker 4>of those deals where at least in three races the

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<v Speaker 4>Democrats came out and said, no, we want somebody way

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<v Speaker 4>to the left of the person that's currently in charge.

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<v Speaker 4>And is this a really really big deal? I think

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<v Speaker 4>it certainly could be. It's a big deal in New York.

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<v Speaker 4>Could it be a big deal for the whole country?

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<v Speaker 4>I guess we'll see over time. But I was reading

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<v Speaker 4>Mark Hauprin's analysis today in his newsletter. Well, a couple

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<v Speaker 4>of things that happened. So ha, King Jeffries, who's the

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<v Speaker 4>current leader of the Democrats and the House of Representatives.

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<v Speaker 4>He will be the Speaker of the House when the

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<v Speaker 4>Democrats take back the House in November. I think it's

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<v Speaker 4>a when, not an if. It's just by how much

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<v Speaker 4>he will be the Speaker of the House. They put

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<v Speaker 4>him on the screen to congratulate one of those Socialist

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<v Speaker 4>candidates last night after they won and the.

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<v Speaker 2>Crowd booed him.

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<v Speaker 4>That's how far out of step with the mainstream Democrat

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<v Speaker 4>Party some of these people that won yesterday are they

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<v Speaker 4>booed the guy that's going to be Speaker of the

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<v Speaker 4>House and their own party. Kim Jeffreys had endorsed the

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<v Speaker 4>other person in that race, and another one of the races,

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<v Speaker 4>Nancy Pelosi had endorsed the guy. It was actually the

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<v Speaker 4>guy that was the leader of the prosecution in Trump's

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<v Speaker 4>first impeachment. Forget his name, Goldman, I think, but anyway,

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<v Speaker 4>established big deal, you know, a ranking Democrat, and he

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<v Speaker 4>lost to Nancy Pelosi had backed him, and he lost

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<v Speaker 4>to one of the Mamdani socialist candidates. So Mark Alprin

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<v Speaker 4>writing today that the most important implication of what happened

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<v Speaker 4>yesterday is the continuing failure of the establishment of the

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<v Speaker 4>Democratic Party in the media to accept, acknowledge and understand

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<v Speaker 4>a simple historical fact. If the establishment had not rigged

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<v Speaker 4>the rules and mobilized an inside game, Bernie Sanders would

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<v Speaker 4>have been the party's presidential nominee in sixteen and twenty.

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<v Speaker 4>The Democrats rigged the game to stop Bernie from being

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<v Speaker 4>their candidate. Oh my god, the Democratic Party is way

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<v Speaker 4>to the left of where the media and the leading

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<v Speaker 4>Democrats think they are. The energy is way left of that.

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<v Speaker 4>And he compares it to how the Republicans ignored, for instance,

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<v Speaker 4>Ron Paul and Pat Buchanan and the and these movements

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<v Speaker 4>went in the Republican Party for years and then got

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<v Speaker 4>blindsided by Donald Trump when he comes along and found

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<v Speaker 4>out that, Wow, most Republicans are really happy, unhappy with

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<v Speaker 4>what we've been doing for a long time, and are

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<v Speaker 4>willing to try something different. That is what has been

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<v Speaker 4>happening in the Democratic Party for a long time. They

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<v Speaker 4>wanted to elect Bernie the establishment Democrats rigged the game

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<v Speaker 4>so he couldn't get in there. But they pretended that

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<v Speaker 4>that whole movement, you know, wasn't there. Well, lo and behold,

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<v Speaker 4>it turns out they're still there. They're very energized. There's

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<v Speaker 4>more of the young end of it electing these socialist candidates.

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<v Speaker 4>And is this going to start sweeping the country. And

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<v Speaker 4>what does this mean when the Democrats take back the

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<v Speaker 4>House of Representatives, that they're going to have a really

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<v Speaker 4>loud wing of their caucus that could be quite loud

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<v Speaker 4>in terms of make a noise for socialists. We'll play

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<v Speaker 4>some of the clips a little bit later. But the

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<v Speaker 4>people that won last night chant and free, free Palestine,

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<v Speaker 4>eliminate ice, eliminate prisons, government owned grocery stores. I mean,

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<v Speaker 4>you know, all that sort of stuff, and wow, I say, wow,

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<v Speaker 4>So that's a pretty big deal. We've got a couple

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<v Speaker 4>of political pundits we'll talk to over the next forty

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<v Speaker 4>eight hours about what that means. We got some foreign

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<v Speaker 4>policy military people about what's going on with the war

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<v Speaker 4>and wars I should say, wars and all that sort

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<v Speaker 4>of stuff. And then I'll have charming anecdotes from my

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<v Speaker 4>life also that I will throw in. My youngest is

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<v Speaker 4>headed off on a boy scout trip tonight. I dropped

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<v Speaker 4>him off at the airport and he's gonna be gone

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<v Speaker 4>for a week. He's actually gonna be gone for three

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<v Speaker 4>weeks out of like twenty four days, so he's only

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<v Speaker 4>going to be home for a couple of days in

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<v Speaker 4>a twenty four day period. In three week period, he's

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<v Speaker 4>going to go on these week trips, come back for

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<v Speaker 4>like a day, do laundry, go back on a boy

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<v Speaker 4>scout trip, and stuff really involved with the boy Scouts.

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<v Speaker 4>But it's gonna be very weird for me because I

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<v Speaker 4>have been having him around pretty much every day of

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<v Speaker 4>his life, because he's been homeschooled mostly every day of

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<v Speaker 4>his life for.

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<v Speaker 2>Since he was born. And he's fourteen, And how am

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<v Speaker 2>I going to adjust this? I don't know.

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<v Speaker 4>Am I gonna sit in the corner and cry, I'm

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<v Speaker 4>gonna have a party? Haven't decided yet. Maybe I'll have

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<v Speaker 4>a party where at the end of it I will cry.

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<v Speaker 4>I've had that experience also, So we got lots to

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<v Speaker 4>talk about. I have a big list of headlines that

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<v Speaker 4>we can mention. A'll run down some of the early

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<v Speaker 4>guests we're going to have. We'll get to some of

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<v Speaker 4>those sound bites from the people that won last night,

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<v Speaker 4>and how scary that is. As socialism sweeps at least

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<v Speaker 4>New York City, we'll see if it's going to start

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<v Speaker 4>sweeping the whole country. Anyway, we've got to start the

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<v Speaker 4>show officially before we get in trouble with the FCC.

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<v Speaker 4>I don't want to end up in the goolog I'm

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<v Speaker 4>Jack Armstrong, He's Joe Getty on this. It is Wednesday,

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<v Speaker 4>June twenty fourth. The days are getting shorter the year

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<v Speaker 4>twenty twenty six, Armstrong and getting we approve of this program.

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<v Speaker 4>What's beginning the show roughly at mark.

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<v Speaker 5>Oil prices falling Brent crue the global benchmark is now

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<v Speaker 5>below seventy six dollars a barrel.

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<v Speaker 2>You can see it right there.

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<v Speaker 5>And this is notable. This is a milestone. This is

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<v Speaker 5>the lowest level since the day before the war with

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<v Speaker 5>the Ron began four months ago. So basically oil is

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<v Speaker 5>now lower than it was at the time right before

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<v Speaker 5>the war. And also diesel has dipped below five dollars

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<v Speaker 5>for the first time since March.

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<v Speaker 4>How about that that's what Trump wanted. I mean, if

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<v Speaker 4>there's a reason Trump made this what I think is

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<v Speaker 4>a bad deal, it is because he needed to get

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<v Speaker 4>oil down, gas prices down for the global economy and

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<v Speaker 4>for the summer in the midterm elections and his approval

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<v Speaker 4>rating and all that sort of stuff. And oil is

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<v Speaker 4>now cheaper than it was before the war started.

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<v Speaker 2>How about that.

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<v Speaker 4>I did hear some analysis that I missed this, and

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<v Speaker 4>if this is accurate, this could be a big deal.

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<v Speaker 4>So Trump took a hit from a lot of people

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<v Speaker 4>left right and center over the fact that Iran can

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<v Speaker 4>now sell oil in dollars US dollars hard currency for

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<v Speaker 4>the first time in some areas of the energy production.

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<v Speaker 4>It's been decades, so that's sincely been allowed to do this,

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<v Speaker 4>And a lot of people, including me, were calling that,

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<v Speaker 4>why would you give in on that?

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<v Speaker 2>Why would you allow that? What is this gift?

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<v Speaker 4>The idea is Iran had been selling oil under the

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<v Speaker 4>table to our enemies for a long time at a

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<v Speaker 4>pretty dang high price because they had some They had

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<v Speaker 4>some leverage there over China, for instance, our number one

0:11:25.920 --> 0:11:29.959
<v Speaker 4>enemy on our adversary on the planet, call him an enemy.

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<v Speaker 4>They could charge Iran a certain amount of money, say yeah, well,

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<v Speaker 4>we'll get you some oil under the table, but you're

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<v Speaker 4>gonna have to pay for it. Now that they're allowed

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<v Speaker 4>to sell it on the open market at the market value,

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<v Speaker 4>they're actually going to make less money than they were

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<v Speaker 4>making before selling it under the table. Now, if that's true,

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<v Speaker 4>and it certainly could be, that's a really interesting idea,

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<v Speaker 4>and I certainly had missed. That also shows you how

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<v Speaker 4>all these sanctions just don't work. Been saying in Iran

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<v Speaker 4>forever sanctioned, in North Korea, forever sanctioned. Lots of countries forever.

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<v Speaker 4>They often end up getting to do whatever they want

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<v Speaker 4>to do. But if Faran has to sell oil at

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<v Speaker 4>the global price as opposed to they're jacked up under

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<v Speaker 4>the table.

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<v Speaker 2>I'm a drug dealer. Price.

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<v Speaker 4>Wow, maybe that is maybe that is a good thing.

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<v Speaker 4>I have to talk to somebody about that. I found

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<v Speaker 4>that very interesting. We'll come back with some of the

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<v Speaker 4>headlines next.

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<v Speaker 2>Stay here. I ordered donuts, Michael, donuts are on the way.

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<v Speaker 2>Oh boy, you're happy about that? No, you got the diabetes?

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<v Speaker 2>Can you eat a donut? Or you usually can? But

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<v Speaker 2>I eat a little at a time. That is what

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<v Speaker 2>I do. How does that help? Eating a little at

0:12:43.880 --> 0:12:45.559
<v Speaker 2>a time because I'm not taking a bunch of sugar

0:12:45.559 --> 0:12:47.920
<v Speaker 2>in my body at one time, So I don't know

0:12:47.920 --> 0:12:48.560
<v Speaker 2>anything about that.

0:12:48.960 --> 0:12:52.800
<v Speaker 4>So you if you take in sweets, you should take

0:12:52.800 --> 0:12:54.360
<v Speaker 4>in a little bit at the time so your body

0:12:54.360 --> 0:12:57.960
<v Speaker 4>can like, yeah, metabolize the sugar as you go exactly.

0:12:58.040 --> 0:13:00.480
<v Speaker 5>And also all interest I drink water, I'll have protein

0:13:00.559 --> 0:13:02.880
<v Speaker 5>with it and so it's not just pure sugar going

0:13:02.920 --> 0:13:03.800
<v Speaker 5>into my bloodstream.

0:13:04.240 --> 0:13:06.000
<v Speaker 2>I didn't know that. Shouldn' y' all be doing that?

0:13:06.160 --> 0:13:06.640
<v Speaker 2>Or is that only?

0:13:06.679 --> 0:13:10.199
<v Speaker 4>Does that matter to me? Should I eating my doughnut slowly.

0:13:10.360 --> 0:13:12.200
<v Speaker 4>That's what I would do. I tend to jam the

0:13:12.200 --> 0:13:14.000
<v Speaker 4>whole thing in my mouth and then show it like

0:13:14.040 --> 0:13:17.439
<v Speaker 4>a beaver or a squirrel or something, and then swallow

0:13:17.440 --> 0:13:18.360
<v Speaker 4>it in giant chunks.

0:13:18.840 --> 0:13:20.199
<v Speaker 2>But that's one option.

0:13:21.559 --> 0:13:25.560
<v Speaker 4>Interesting, I didn't know that. Okay, to go through some

0:13:25.600 --> 0:13:28.120
<v Speaker 4>of the headlines, as I mentioned, Heather Myers also abandon

0:13:28.440 --> 0:13:30.640
<v Speaker 4>abandoning me this week, I'm on my own.

0:13:31.760 --> 0:13:33.559
<v Speaker 2>Everybody had headlines last night.

0:13:33.679 --> 0:13:36.880
<v Speaker 4>I was looking at the Washington Post, New York Times,

0:13:39.360 --> 0:13:41.200
<v Speaker 4>Wall Street Journal, La Times.

0:13:41.240 --> 0:13:41.840
<v Speaker 2>Everybody.

0:13:42.679 --> 0:13:47.240
<v Speaker 4>Mayor Zorn Mamdani emerges a power broker as three of

0:13:47.280 --> 0:13:53.840
<v Speaker 4>his socialist backed candidates win against mainstream Democrats. This definitely

0:13:53.880 --> 0:13:55.920
<v Speaker 4>could be a big deal, and we'll talk more about

0:13:55.960 --> 0:13:58.240
<v Speaker 4>that later. As I said earlier, a couple of other

0:13:58.320 --> 0:14:01.960
<v Speaker 4>things is from the New York Times, The War the

0:14:02.040 --> 0:14:04.880
<v Speaker 4>World Forgot. You probably don't even know this is going on,

0:14:04.960 --> 0:14:08.840
<v Speaker 4>but it is brutal, overshattered, overshadowed by conflicts in Iran,

0:14:09.000 --> 0:14:13.800
<v Speaker 4>Ukraine and beyond, the fighting in Myanmar's isolated heartland has

0:14:13.840 --> 0:14:16.280
<v Speaker 4>reached new depths. And I read some of the paragraphs

0:14:16.280 --> 0:14:19.560
<v Speaker 4>about this, and there are places on this earth where

0:14:19.600 --> 0:14:23.000
<v Speaker 4>people are fighting for their lives, giving up their lives

0:14:23.080 --> 0:14:25.040
<v Speaker 4>to defend their families.

0:14:26.880 --> 0:14:27.760
<v Speaker 2>In wars that.

0:14:27.960 --> 0:14:30.240
<v Speaker 4>Nobody is paying any attention to man. It is the

0:14:30.320 --> 0:14:34.240
<v Speaker 4>history of mankind. This has always existed, probably always will exist.

0:14:34.280 --> 0:14:38.000
<v Speaker 4>But it's just brutal, brutal, brutal, brutal. I don't know

0:14:38.000 --> 0:14:41.000
<v Speaker 4>if there's any advantage in Actually don't know if there's

0:14:41.000 --> 0:14:45.160
<v Speaker 4>any advantage in knowing about that or not. Does that

0:14:45.280 --> 0:14:47.720
<v Speaker 4>help them any if I know what's going on, Does

0:14:47.720 --> 0:14:49.280
<v Speaker 4>it help my soul any.

0:14:49.200 --> 0:14:50.880
<v Speaker 2>To know that's going on? I don't know.

0:14:51.240 --> 0:14:54.040
<v Speaker 4>That's a good question right there. I'll ask a philosopher,

0:14:54.080 --> 0:14:58.160
<v Speaker 4>a priest, and a hobo, and I have give them

0:14:58.200 --> 0:15:02.960
<v Speaker 4>give their opinion. The TSA has a new idea, according

0:15:03.000 --> 0:15:04.000
<v Speaker 4>to the Wall Street Journal.

0:15:04.040 --> 0:15:04.520
<v Speaker 2>Listen to this.

0:15:06.080 --> 0:15:08.720
<v Speaker 4>You go through your security in the suburbs. They have

0:15:08.840 --> 0:15:12.920
<v Speaker 4>some sort of TSA checkpoint far away from the airport.

0:15:12.960 --> 0:15:15.360
<v Speaker 4>You do your security there, then you take a bus

0:15:15.440 --> 0:15:17.800
<v Speaker 4>to the airport. They're trying this in a couple of

0:15:17.800 --> 0:15:20.920
<v Speaker 4>different places in the country. Wall Street Journal tested it out,

0:15:20.960 --> 0:15:22.880
<v Speaker 4>and we'll get to what they thought of it coming

0:15:22.920 --> 0:15:24.560
<v Speaker 4>up a little bit later. I'm trying to picture that

0:15:26.240 --> 0:15:31.720
<v Speaker 4>uh SO is this just like I assume you'd be

0:15:32.080 --> 0:15:36.040
<v Speaker 4>parking there. Yeah, so were they going to have to

0:15:36.080 --> 0:15:38.720
<v Speaker 4>have new parking lots or you're parking. I don't understand

0:15:38.720 --> 0:15:41.360
<v Speaker 4>the parking aspect of this, but you go through your

0:15:41.360 --> 0:15:43.120
<v Speaker 4>security out in the suburbs, get on a bus and

0:15:43.120 --> 0:15:44.880
<v Speaker 4>it takes you right to the airport. So at the

0:15:44.920 --> 0:15:47.880
<v Speaker 4>airport itself there are no long lines. I guess that's

0:15:47.880 --> 0:15:49.720
<v Speaker 4>what they're trying to deal with, is the hubbub there.

0:15:51.760 --> 0:15:53.520
<v Speaker 4>If you want a little glimpse into what it's going

0:15:53.600 --> 0:15:56.880
<v Speaker 4>to be like when the Democrats take the House in November.

0:15:58.000 --> 0:16:00.440
<v Speaker 4>Senate Democrats. I don't think they're going to take the Senate,

0:16:00.440 --> 0:16:02.800
<v Speaker 4>but they will take the House. Senate Democrats are calling

0:16:02.840 --> 0:16:06.320
<v Speaker 4>for hearings over a secret five hundred million dollar investment

0:16:06.400 --> 0:16:10.360
<v Speaker 4>in the the Trump family's crypto ventures. That is going

0:16:10.400 --> 0:16:13.240
<v Speaker 4>to start day one when the Democrats take over the House.

0:16:13.240 --> 0:16:17.240
<v Speaker 4>All kinds of investigations into the Trump family finances and

0:16:17.280 --> 0:16:22.000
<v Speaker 4>won't that be fun to watch. The advice about solar

0:16:22.040 --> 0:16:26.520
<v Speaker 4>panels is changing. Forever it was known. You may have

0:16:26.560 --> 0:16:29.560
<v Speaker 4>known this. It was seen as if you buy it outright,

0:16:29.720 --> 0:16:31.760
<v Speaker 4>it can come out ahead. But the whole leasing thing

0:16:31.880 --> 0:16:34.840
<v Speaker 4>not so much. It may have flipped completely on its head.

0:16:34.880 --> 0:16:37.240
<v Speaker 4>Now that federal tax credits are over, we'll have to

0:16:37.280 --> 0:16:38.960
<v Speaker 4>look into this. If you're buying a house, you might

0:16:39.040 --> 0:16:42.280
<v Speaker 4>want to know that leasing your solar now makes more

0:16:42.320 --> 0:16:44.200
<v Speaker 4>sense than buying it outright. I'll get into a few

0:16:44.200 --> 0:16:46.240
<v Speaker 4>of the details of that. And then this one tied

0:16:48.040 --> 0:16:51.600
<v Speaker 4>Remember the tide pods became a big deal. They're hoping

0:16:51.640 --> 0:16:54.680
<v Speaker 4>you're going to enjoy tied tiles. Tied tiles are the

0:16:54.680 --> 0:16:57.520
<v Speaker 4>new way of doing your laundry. Very exciting stuff. And

0:16:57.560 --> 0:17:02.000
<v Speaker 4>then finally from the Babylon Bee. I liked this one

0:17:02.640 --> 0:17:05.200
<v Speaker 4>and it has disappeared from my phone and never mind,

0:17:05.359 --> 0:17:07.320
<v Speaker 4>that was pretty funny though I thought, oh, here it is.

0:17:07.640 --> 0:17:11.240
<v Speaker 4>Man on deathbed deeply regrets not spending more time arguing

0:17:11.280 --> 0:17:12.040
<v Speaker 4>on Facebook.

0:17:12.280 --> 0:17:13.119
<v Speaker 2>I like that one.

0:17:13.240 --> 0:17:15.680
<v Speaker 4>We've got a little more in depth on some of

0:17:15.720 --> 0:17:18.080
<v Speaker 4>the stories and some good guests coming up. If you

0:17:18.119 --> 0:17:20.840
<v Speaker 4>missed the segment, get the podcast Armstrong and Getty on.

0:17:20.800 --> 0:17:23.119
<v Speaker 2>Demand Armstrong and Getty.

0:17:24.520 --> 0:17:29.560
<v Speaker 4>It's been quite amazing that during a war, and a

0:17:29.640 --> 0:17:34.920
<v Speaker 4>war that in particular had a ton of unknowns throughout it,

0:17:36.040 --> 0:17:39.960
<v Speaker 4>the stock market continued to set records a lot of

0:17:39.960 --> 0:17:41.920
<v Speaker 4>the reasons the stock market has been setting so many

0:17:41.960 --> 0:17:44.760
<v Speaker 4>records over the last couple of years is the all

0:17:44.800 --> 0:17:49.520
<v Speaker 4>the AI tech stuff. The biggest companies in those top

0:17:49.560 --> 0:17:52.240
<v Speaker 4>tier stocks that are driving so much of the gains

0:17:52.400 --> 0:17:55.639
<v Speaker 4>tech companies, and they all got scared about AI just

0:17:55.680 --> 0:17:57.919
<v Speaker 4>the other day, all of a sudden at the same time,

0:17:58.480 --> 0:18:01.399
<v Speaker 4>Which is kind of interesting how that would happen like that.

0:18:01.480 --> 0:18:05.880
<v Speaker 4>The NASDAK dropped two point two percent on Tuesday alone.

0:18:06.480 --> 0:18:10.280
<v Speaker 4>The Philadelphia Semiconductor Index fell nearly eight percent in one day.

0:18:10.720 --> 0:18:14.600
<v Speaker 4>Stocks like Navidia, AMD, Intel, Marble, Micron, sand Disc all

0:18:14.600 --> 0:18:15.280
<v Speaker 4>got hammered.

0:18:16.200 --> 0:18:17.200
<v Speaker 2>What is going on there?

0:18:17.240 --> 0:18:18.679
<v Speaker 4>I wanted to talk to an expert because I am

0:18:18.720 --> 0:18:22.000
<v Speaker 4>certainly not and Stephen Kates joins this. He is a

0:18:22.080 --> 0:18:26.600
<v Speaker 4>finance expert clock Tower Financial Consulting. Stephen, thanks for taking

0:18:26.640 --> 0:18:27.760
<v Speaker 4>a little time for us today.

0:18:28.280 --> 0:18:30.440
<v Speaker 2>My pleasure. Happy to talk about this kind of thing.

0:18:30.600 --> 0:18:36.159
<v Speaker 4>Uh great, because well, is this the bursting of the

0:18:36.160 --> 0:18:38.359
<v Speaker 4>tech bubble that a lot of people have been worried about,

0:18:38.480 --> 0:18:39.840
<v Speaker 4>or a mini burst or.

0:18:39.840 --> 0:18:40.280
<v Speaker 2>What is it?

0:18:41.560 --> 0:18:45.000
<v Speaker 6>Honestly, it's me there, It's not a bursting at this point.

0:18:45.000 --> 0:18:46.879
<v Speaker 6>I mean, we can look at the what the market

0:18:46.880 --> 0:18:50.320
<v Speaker 6>has done. Just in the first six minutes of the

0:18:50.400 --> 0:18:54.080
<v Speaker 6>market open, Nasdaq is up half a percent. Obviously that

0:18:54.080 --> 0:18:58.480
<v Speaker 6>doesn't erase yesterday is drop, but you know it's not

0:18:58.560 --> 0:19:03.040
<v Speaker 6>a continuation. We're not careeming lower on the second day here.

0:19:04.960 --> 0:19:06.080
<v Speaker 2>Yesterday was just a bad.

0:19:05.960 --> 0:19:10.560
<v Speaker 4>Day, just just a singular bad day, like with no

0:19:10.720 --> 0:19:11.800
<v Speaker 4>greater significance.

0:19:13.119 --> 0:19:14.800
<v Speaker 6>I mean, that's what it seems to be. I mean,

0:19:14.840 --> 0:19:17.679
<v Speaker 6>you can look at you know, where the market's moving,

0:19:18.040 --> 0:19:21.560
<v Speaker 6>and you know, if we were careening lower opening another

0:19:21.680 --> 0:19:25.320
<v Speaker 6>two percent down, well that would certainly show some signs

0:19:25.359 --> 0:19:30.679
<v Speaker 6>that there's continued concerns, you know, a risk off attitude

0:19:30.680 --> 0:19:33.960
<v Speaker 6>from investors. But you know, I think we've all been

0:19:34.000 --> 0:19:37.480
<v Speaker 6>conditioned over the last couple of years to expect that,

0:19:37.760 --> 0:19:41.800
<v Speaker 6>you know, if the market is not going straight up,

0:19:42.000 --> 0:19:45.000
<v Speaker 6>that something is wrong, and that doesn't happen. You know,

0:19:45.040 --> 0:19:48.760
<v Speaker 6>sometimes we do just have bad days. Yesterday, you know,

0:19:49.359 --> 0:19:55.600
<v Speaker 6>there was a catalyst for that. Semiconductor stocks were down

0:19:55.680 --> 0:19:59.280
<v Speaker 6>and down a lot, and going into yesterday's open in

0:19:59.320 --> 0:20:05.680
<v Speaker 6>the US. South Korea, which is incredibly exposed to semiconductor stocks,

0:20:06.040 --> 0:20:09.679
<v Speaker 6>was very negative. It's sell ten percent uh in their market.

0:20:10.119 --> 0:20:12.720
<v Speaker 6>That happens before the US market opens and so that

0:20:12.840 --> 0:20:15.160
<v Speaker 6>did affect us, and that was one of the reasons

0:20:15.200 --> 0:20:19.720
<v Speaker 6>that you know, investors were a bit skittish yesterday. Micron

0:20:19.960 --> 0:20:22.600
<v Speaker 6>has earnings at the end of the day today after

0:20:22.640 --> 0:20:26.000
<v Speaker 6>the market closes. That's a big earnings announcement. They're a

0:20:26.040 --> 0:20:29.080
<v Speaker 6>major player in the semiconductor space. So there are some

0:20:29.119 --> 0:20:32.199
<v Speaker 6>things going on that investors are concerned about. But you know,

0:20:32.240 --> 0:20:35.320
<v Speaker 6>this doesn't appear to be the bottom falling out of

0:20:35.359 --> 0:20:38.159
<v Speaker 6>the market. It was a bad day. We seem to

0:20:38.160 --> 0:20:42.399
<v Speaker 6>be slightly recovering today across the Nasdaq, the S and P,

0:20:42.920 --> 0:20:45.240
<v Speaker 6>you know, the Russell two thousand, which is small cap stocks,

0:20:45.320 --> 0:20:47.360
<v Speaker 6>and that's good to see that, you know, we're seeing

0:20:47.400 --> 0:20:48.240
<v Speaker 6>a little bit of a bounce.

0:20:48.520 --> 0:20:52.600
<v Speaker 4>I just a couple of weeks ago opened a index

0:20:52.680 --> 0:20:55.680
<v Speaker 4>fund for each of my teenagers, the high schoolers, and

0:20:56.080 --> 0:20:58.840
<v Speaker 4>you know, to get them into the got the app

0:20:58.840 --> 0:21:00.480
<v Speaker 4>on their phone and they can follow it on a

0:21:00.520 --> 0:21:02.560
<v Speaker 4>regular basis and put their Christmas money in there and

0:21:02.600 --> 0:21:05.399
<v Speaker 4>all that sort of stuff. And I thought, maybe we

0:21:05.480 --> 0:21:07.280
<v Speaker 4>get a crash and they maybe that would be a

0:21:07.320 --> 0:21:10.000
<v Speaker 4>good thing to have. Their first lesson of investing be

0:21:10.160 --> 0:21:11.440
<v Speaker 4>that it doesn't always go up.

0:21:11.760 --> 0:21:13.320
<v Speaker 2>I don't know well, it's.

0:21:13.400 --> 0:21:15.840
<v Speaker 6>A bad lesson, it has, and I think to have

0:21:15.960 --> 0:21:20.520
<v Speaker 6>those lessons early on is ideal. I learned that lesson

0:21:20.560 --> 0:21:25.280
<v Speaker 6>firsthand actually in the industry watching the great you know,

0:21:25.520 --> 0:21:28.640
<v Speaker 6>coming out of the Great Financial Crisis. I didn't love

0:21:28.640 --> 0:21:31.159
<v Speaker 6>that lesson, but it was it was a valuable one. Nonetheless,

0:21:33.200 --> 0:21:35.800
<v Speaker 6>you know, for a lot of people, understanding the way

0:21:35.840 --> 0:21:39.320
<v Speaker 6>the market moves and what is and isn't normal is

0:21:39.320 --> 0:21:42.200
<v Speaker 6>one of the most foundational things that you can understand.

0:21:42.520 --> 0:21:44.800
<v Speaker 6>A lot of people have been conditioned to expect that

0:21:44.880 --> 0:21:49.280
<v Speaker 6>the market just goes higher, that we get up, up,

0:21:49.440 --> 0:21:53.199
<v Speaker 6>up all the time, twenty percent growth year over year

0:21:53.280 --> 0:21:55.480
<v Speaker 6>or year. That isn't the case. We've been very lucky

0:21:55.720 --> 0:21:58.480
<v Speaker 6>in the last five even fifteen years.

0:21:58.640 --> 0:22:01.440
<v Speaker 4>Yeah, I'm thinking we're going to time perfectly for retirement

0:22:01.440 --> 0:22:04.400
<v Speaker 4>to crash right when I need it. So I'm gonna

0:22:04.440 --> 0:22:06.960
<v Speaker 4>let you argue with chat GPT. I asked the question,

0:22:07.000 --> 0:22:08.960
<v Speaker 4>what can you tell me about the big tech sell off?

0:22:08.960 --> 0:22:13.840
<v Speaker 4>And it said, Uh, investors starting asking a question that

0:22:13.880 --> 0:22:16.600
<v Speaker 4>they haven't asked much over the last year around the

0:22:16.600 --> 0:22:19.840
<v Speaker 4>whole tech thing. Are all these trillions of dollars being

0:22:19.880 --> 0:22:22.720
<v Speaker 4>spent on AI actually going to earn enough money to

0:22:22.880 --> 0:22:23.359
<v Speaker 4>justify it.

0:22:23.480 --> 0:22:26.879
<v Speaker 2>Is that a question there being the people are asking, I.

0:22:27.040 --> 0:22:29.840
<v Speaker 6>Think that's a legitimate question to ask, and certainly people

0:22:29.880 --> 0:22:35.040
<v Speaker 6>are asking that. You know, it's a question of how

0:22:35.119 --> 0:22:38.320
<v Speaker 6>long will it take for this to to play out?

0:22:38.680 --> 0:22:42.400
<v Speaker 6>You know, is there you know, really a thesis here

0:22:42.480 --> 0:22:46.239
<v Speaker 6>that that can can bear out? And you know, in

0:22:46.280 --> 0:22:49.080
<v Speaker 6>some ways, when you look at companies like open ai

0:22:50.400 --> 0:22:54.320
<v Speaker 6>or Oracle uh, you know, they're spending a lot of money,

0:22:54.520 --> 0:22:58.200
<v Speaker 6>the revenue is not quite catching up. I think open

0:22:58.240 --> 0:23:02.000
<v Speaker 6>ai Financials leaked recently and they lost twenty billion dollars

0:23:02.080 --> 0:23:02.800
<v Speaker 6>last year or.

0:23:02.760 --> 0:23:03.760
<v Speaker 2>Something to that effect.

0:23:04.440 --> 0:23:08.399
<v Speaker 6>So that's not encouraging. But you know, it is a

0:23:08.880 --> 0:23:11.320
<v Speaker 6>it is a situation where you know, a lot of

0:23:11.320 --> 0:23:15.800
<v Speaker 6>the companies that are involved with open ai or backing

0:23:15.840 --> 0:23:19.600
<v Speaker 6>some of these AI ventures, like your Amazon's, your Google's,

0:23:19.640 --> 0:23:25.119
<v Speaker 6>your Microsofts, they are still incredibly profitable companies and still

0:23:25.160 --> 0:23:28.440
<v Speaker 6>earning an enormous amount of money. Where things get a

0:23:28.480 --> 0:23:30.040
<v Speaker 6>little bit dangerous.

0:23:30.040 --> 0:23:36.639
<v Speaker 3>Is if they continue to make, you know, make the

0:23:36.800 --> 0:23:40.760
<v Speaker 3>spending larger and larger, to the point where the revenues

0:23:40.800 --> 0:23:43.879
<v Speaker 3>never grow, but the spending keeps increasing and they have

0:23:44.000 --> 0:23:47.040
<v Speaker 3>to take out additional equity or debt to.

0:23:47.359 --> 0:23:50.560
<v Speaker 6>Supply the funding for this. That's where things start to

0:23:50.560 --> 0:23:54.800
<v Speaker 6>get a little concerning. We are potentially crossing into that threshold,

0:23:55.400 --> 0:23:58.359
<v Speaker 6>and we're going to need to see these companies and

0:23:58.880 --> 0:24:02.480
<v Speaker 6>this debt actually start to pay off in some way.

0:24:02.640 --> 0:24:07.520
<v Speaker 6>We're going to need small companies, regular companies actually to

0:24:07.640 --> 0:24:12.280
<v Speaker 6>see efficiency gains. We're not necessarily seeing that profits for

0:24:12.480 --> 0:24:17.200
<v Speaker 6>major tech companies have been enormous, but you know your

0:24:17.200 --> 0:24:20.720
<v Speaker 6>small cap companies, your regular mom and pop shops, you

0:24:20.760 --> 0:24:24.000
<v Speaker 6>know the everyday businesses all around our cities and towns.

0:24:24.440 --> 0:24:26.520
<v Speaker 6>Are they getting any benefit out of this? Are they

0:24:26.520 --> 0:24:29.879
<v Speaker 6>even using it? And if the answer is no, then

0:24:30.119 --> 0:24:32.880
<v Speaker 6>it gets a little bit concerning whether this actually has

0:24:33.080 --> 0:24:33.680
<v Speaker 6>a there there.

0:24:35.440 --> 0:24:38.560
<v Speaker 4>So Friday before last we were talking about fullmo fear

0:24:38.640 --> 0:24:42.159
<v Speaker 4>missing out around the whole space X stock and I

0:24:42.200 --> 0:24:46.200
<v Speaker 4>didn't invest. If I had invested in SpaceX, would I

0:24:46.240 --> 0:24:47.119
<v Speaker 4>be happy today or not?

0:24:47.200 --> 0:24:48.040
<v Speaker 2>I haven't been checking.

0:24:48.840 --> 0:24:52.399
<v Speaker 6>If you, oh, you're still happy, but you're not as

0:24:52.440 --> 0:24:58.080
<v Speaker 6>happy as you were Wednesday of last week. Today, if you,

0:24:58.359 --> 0:25:01.840
<v Speaker 6>I think, and I'll have to see exactly where it opened,

0:25:01.840 --> 0:25:06.359
<v Speaker 6>because I didn't. I didn't look before we talked. So

0:25:06.560 --> 0:25:09.800
<v Speaker 6>price is about one hundred and fifty one dollars. It

0:25:09.920 --> 0:25:14.520
<v Speaker 6>peaked at over two hundred and twenty I believe, or

0:25:14.560 --> 0:25:17.240
<v Speaker 6>two hundred and fifteen or so. So we're down considerably

0:25:18.000 --> 0:25:21.480
<v Speaker 6>from from where we were just a week ago. Almost

0:25:21.640 --> 0:25:25.840
<v Speaker 6>everybody who bought, possibly everybody who bought post ipo, So

0:25:25.880 --> 0:25:28.760
<v Speaker 6>in the secondary market you didn't get the IPO price,

0:25:29.720 --> 0:25:32.200
<v Speaker 6>but if you bought after that, you may have already

0:25:32.240 --> 0:25:33.560
<v Speaker 6>been been losing money.

0:25:35.000 --> 0:25:38.120
<v Speaker 2>What uh you got? You got? You know? You know?

0:25:38.240 --> 0:25:40.640
<v Speaker 4>No, no, I'll tell everybody to turn off, turn off

0:25:40.640 --> 0:25:42.320
<v Speaker 4>for radio. Just now, it's just between me and him.

0:25:43.160 --> 0:25:46.919
<v Speaker 4>Are you personally invested in SpaceX? No, I'm not.

0:25:47.960 --> 0:25:48.120
<v Speaker 5>No.

0:25:48.640 --> 0:25:50.399
<v Speaker 6>The you know, it was exciting to watch. I think

0:25:50.440 --> 0:25:53.399
<v Speaker 6>everybody probably felt that fomo, you know where, could I

0:25:53.440 --> 0:25:56.960
<v Speaker 6>have gotten some IDO shares and then wow, what a pop?

0:25:57.000 --> 0:25:57.960
<v Speaker 2>I'm up forty.

0:25:57.680 --> 0:26:02.639
<v Speaker 6>Percent, you know or whatever that was from Monday to

0:26:02.960 --> 0:26:07.439
<v Speaker 6>Friday to Wednesday. But now if you bought the secondary market,

0:26:07.840 --> 0:26:12.520
<v Speaker 6>you're losing money. And that isn't surprising. Because five percent

0:26:13.000 --> 0:26:17.880
<v Speaker 6>of the total SpaceX stock is available for buyers. There

0:26:17.960 --> 0:26:20.080
<v Speaker 6>is going to be another forty or fifty percent of

0:26:20.080 --> 0:26:22.080
<v Speaker 6>that stock that's going to become available over the next

0:26:22.080 --> 0:26:25.480
<v Speaker 6>eleven months, and so there's going to be an incredible

0:26:25.520 --> 0:26:28.600
<v Speaker 6>amount of insider selling pressure people who are part of

0:26:28.680 --> 0:26:31.480
<v Speaker 6>the company or they have been investors in the past

0:26:31.760 --> 0:26:35.280
<v Speaker 6>when it was private. They're going to be selling their

0:26:35.320 --> 0:26:39.560
<v Speaker 6>shares to actually create some liquidity for themselves to actually

0:26:39.760 --> 0:26:41.800
<v Speaker 6>utilize some of the wealth that they have created from

0:26:41.800 --> 0:26:45.160
<v Speaker 6>being investors in SpaceX. That kind of supply coming into

0:26:45.160 --> 0:26:47.800
<v Speaker 6>the market is going to push this price even lower.

0:26:48.240 --> 0:26:53.520
<v Speaker 6>So there's not a good case for buying in now

0:26:53.920 --> 0:26:56.760
<v Speaker 6>and expecting a profit over the next six or twelve months.

0:26:56.880 --> 0:26:59.520
<v Speaker 2>Okay, I'm really glad I asked. That's that's very interesting.

0:27:00.240 --> 0:27:02.320
<v Speaker 4>In the prediction market, I've got a lot of money

0:27:02.359 --> 0:27:05.119
<v Speaker 4>on whether or not Prince Harry and Megan market divorce

0:27:05.240 --> 0:27:05.920
<v Speaker 4>in the next year.

0:27:06.040 --> 0:27:08.040
<v Speaker 2>That's mostly where I put my money to.

0:27:08.000 --> 0:27:08.920
<v Speaker 6>The top market.

0:27:10.240 --> 0:27:10.800
<v Speaker 2>Is uh.

0:27:11.200 --> 0:27:15.600
<v Speaker 4>I regularly say that the stupidest mainstream reporting.

0:27:16.640 --> 0:27:19.800
<v Speaker 2>In all of journalism is economic reporting. Does it?

0:27:19.880 --> 0:27:23.120
<v Speaker 4>Does mainstream economic reporting drive you crazy? Because the way

0:27:23.119 --> 0:27:30.160
<v Speaker 4>they react to little market jigglings. It drives me nuts, and.

0:27:30.119 --> 0:27:31.000
<v Speaker 2>It probably should.

0:27:31.080 --> 0:27:34.520
<v Speaker 6>I love that kind of UH news, but that's just me.

0:27:34.720 --> 0:27:37.879
<v Speaker 6>I don't think most people do. It is important to

0:27:38.040 --> 0:27:43.320
<v Speaker 6>not get so in the weeds where every little market movement,

0:27:43.480 --> 0:27:46.800
<v Speaker 6>every little adjustment to every economic report sends you into

0:27:46.880 --> 0:27:50.840
<v Speaker 6>it izzy. Uh. You know, the media promotes that kind

0:27:50.840 --> 0:27:53.760
<v Speaker 6>of attitude where we have to react to everything and

0:27:53.800 --> 0:27:58.480
<v Speaker 6>you shouldn't, whether you're investing for your retirement and you're

0:27:58.520 --> 0:28:00.960
<v Speaker 6>just trying to keep your sanity or whether you're trying

0:28:01.000 --> 0:28:03.240
<v Speaker 6>to figure out how is the job market? Can I

0:28:03.320 --> 0:28:07.560
<v Speaker 6>change jobs? Can I buy a house? You know, reacting

0:28:07.600 --> 0:28:10.520
<v Speaker 6>to every little nuance of the economy or the stock

0:28:10.560 --> 0:28:13.720
<v Speaker 6>market is going to drive you absolutely bananas. You have

0:28:13.800 --> 0:28:16.119
<v Speaker 6>to have a longer view, and you have to try

0:28:16.160 --> 0:28:19.520
<v Speaker 6>to make decisions with the information you have in the

0:28:19.560 --> 0:28:20.240
<v Speaker 6>moment you have it.

0:28:20.600 --> 0:28:22.199
<v Speaker 4>If you could give me a short answer on this,

0:28:22.240 --> 0:28:24.120
<v Speaker 4>because I got a break and I appreciate your time,

0:28:24.119 --> 0:28:28.679
<v Speaker 4>But the the the no spend, no politics. What's the

0:28:28.720 --> 0:28:29.960
<v Speaker 4>state of our economy?

0:28:31.119 --> 0:28:31.399
<v Speaker 2>Good?

0:28:31.400 --> 0:28:35.639
<v Speaker 7>Bad, poor, excellent? I'll give you those points. Are some

0:28:35.720 --> 0:28:40.160
<v Speaker 7>good things, there are some bad things, and your circumstances

0:28:40.200 --> 0:28:44.080
<v Speaker 7>are going to dictate sort of whether you feel better

0:28:44.240 --> 0:28:49.520
<v Speaker 7>or worse about that. Hiring is slow, but most people

0:28:49.840 --> 0:28:52.040
<v Speaker 7>still do have jobs. If you want to buy a

0:28:52.080 --> 0:28:56.680
<v Speaker 7>house and you are a first time home buyer life

0:28:56.720 --> 0:29:00.880
<v Speaker 7>is pretty terrible because you just can't get one that's interesting.

0:29:01.400 --> 0:29:03.400
<v Speaker 4>That's like the old reminded me, the old saying of

0:29:04.240 --> 0:29:06.160
<v Speaker 4>it's a recession if you have a job, if you

0:29:06.200 --> 0:29:08.320
<v Speaker 4>lose your job, it's a depression. I mean, it matters

0:29:08.360 --> 0:29:12.040
<v Speaker 4>to your personal situation, what the economy's like. It's a

0:29:12.680 --> 0:29:16.520
<v Speaker 4>very so Yeah, okay, Stephen Kate, appreciate your time. Finance

0:29:16.560 --> 0:29:19.440
<v Speaker 4>expert clock Tower Financial Consulting. Thanks a lot for coming

0:29:19.440 --> 0:29:21.160
<v Speaker 4>on on short notice about the tech stocks.

0:29:21.560 --> 0:29:22.640
<v Speaker 2>My pleasure have to do it.

0:29:22.720 --> 0:29:25.600
<v Speaker 4>Yeah, I need to talk to people like that regularly

0:29:25.680 --> 0:29:29.840
<v Speaker 4>to calm down because, as Joe says, everything's clickonomics, and

0:29:29.880 --> 0:29:31.800
<v Speaker 4>then the money is to be made by the Wall

0:29:31.800 --> 0:29:35.120
<v Speaker 4>Street Journal or CBS News or whoever. To make it

0:29:35.160 --> 0:29:38.600
<v Speaker 4>seem like whatever the stock market did up or down

0:29:38.800 --> 0:29:42.040
<v Speaker 4>is a really really big deal, when quite often it's not.

0:29:42.400 --> 0:29:44.480
<v Speaker 2>It's just the market goes up and down.

0:29:45.440 --> 0:29:48.720
<v Speaker 4>You got to see trends over you know, weeks or

0:29:48.880 --> 0:29:52.760
<v Speaker 4>months to really start talking about it, and I got

0:29:52.800 --> 0:29:54.080
<v Speaker 4>more on that be First, I need to tell you

0:29:54.080 --> 0:29:56.280
<v Speaker 4>about simply Safe, which I absolutely love. Every time I

0:29:56.320 --> 0:29:59.840
<v Speaker 4>pull away from my house seeing this simply Safe sign, Right,

0:30:00.080 --> 0:30:03.400
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0:30:03.560 --> 0:30:06.560
<v Speaker 4>the system that I ordered from simply Safe. I went online,

0:30:06.640 --> 0:30:09.120
<v Speaker 4>I customized it to the house that I currently live in.

0:30:09.480 --> 0:30:11.640
<v Speaker 4>The cameras, the censor's, all the different sort of stuff,

0:30:11.640 --> 0:30:13.479
<v Speaker 4>It comes in the mail fast. I set it up

0:30:13.480 --> 0:30:16.680
<v Speaker 4>myself in about thirty minutes. They'll offer help to you

0:30:16.720 --> 0:30:18.600
<v Speaker 4>if you want, but you can't do it yourself. It's

0:30:18.960 --> 0:30:20.800
<v Speaker 4>super easy. You don't have to be some sort of

0:30:22.560 --> 0:30:24.760
<v Speaker 4>handyman to be able to do that. And no long

0:30:24.880 --> 0:30:27.640
<v Speaker 4>term contracts because simply safe believes you're gonna like it

0:30:27.760 --> 0:30:33.520
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0:30:33.520 --> 0:30:35.360
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0:30:35.440 --> 0:30:37.200
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0:30:37.240 --> 0:30:39.440
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0:30:39.480 --> 0:30:41.640
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0:30:50.200 --> 0:30:53.160
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<v Speaker 2>There's no safe like simply safe.

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<v Speaker 4>Yeah, my kids, my brother actually had brought this up

0:30:59.080 --> 0:31:01.960
<v Speaker 4>to them over Christmas, and it took me five months

0:31:02.000 --> 0:31:02.680
<v Speaker 4>to get it done.

0:31:02.720 --> 0:31:04.840
<v Speaker 2>But they now have this.

0:31:05.080 --> 0:31:08.920
<v Speaker 4>They both have a little index fund, and hopefully I'm

0:31:08.960 --> 0:31:13.440
<v Speaker 4>going to encourage them strongly to put birthday money, Christmas money,

0:31:13.480 --> 0:31:16.120
<v Speaker 4>any money they earn from chores, that sort of stuff,

0:31:16.160 --> 0:31:18.080
<v Speaker 4>at least part of it into that index fund and

0:31:18.160 --> 0:31:21.360
<v Speaker 4>see how it grows. Because the most valuable thing you've gotten,

0:31:21.640 --> 0:31:24.240
<v Speaker 4>you know this once you're old, and maybe you missed out.

0:31:24.240 --> 0:31:27.080
<v Speaker 4>The most valuable thing you've got in investing, more than

0:31:27.240 --> 0:31:30.600
<v Speaker 4>anything else in the world is time. Time is the

0:31:30.640 --> 0:31:31.640
<v Speaker 4>big multiplier.

0:31:31.920 --> 0:31:32.920
<v Speaker 2>I wish I had done that.

0:31:33.840 --> 0:31:36.920
<v Speaker 4>Everybody says that it's so hard to convince young people

0:31:37.840 --> 0:31:40.840
<v Speaker 4>that I don't care how broke you are. Put money

0:31:40.880 --> 0:31:43.360
<v Speaker 4>in your four oh one K. I do not care

0:31:43.400 --> 0:31:45.080
<v Speaker 4>how broke you are. Put money in your four o K.

0:31:45.200 --> 0:31:48.360
<v Speaker 4>It makes so much difference. It's so hard to imagine

0:31:48.600 --> 0:31:51.440
<v Speaker 4>ever being old. When you're twenty five, you think I'm

0:31:51.440 --> 0:31:54.080
<v Speaker 4>never gonna be sixty. It just ain't gonna happen. It's

0:31:54.080 --> 0:31:57.760
<v Speaker 4>weird that human beings deny the reality of the calendar

0:31:57.920 --> 0:32:00.480
<v Speaker 4>the way we do. Anyway, that's a topic for a

0:32:00.520 --> 0:32:01.800
<v Speaker 4>different day. We got a lot more on the way

0:32:01.800 --> 0:32:02.400
<v Speaker 4>to stay here.

0:32:09.440 --> 0:32:11.720
<v Speaker 1>With an eye on redemp show, I was delivered the.

0:32:14.480 --> 0:32:15.000
<v Speaker 2>Superstar.

0:32:15.120 --> 0:32:18.240
<v Speaker 1>Cristiano Ronaldo finally scored in this World Cup.

0:32:18.280 --> 0:32:22.200
<v Speaker 2>The rod then he scored again. It's prestilla for part.

0:32:24.000 --> 0:32:27.800
<v Speaker 1>Portugal dominated in a five zero win over Zbekistan. The

0:32:27.840 --> 0:32:31.320
<v Speaker 1>forty one year old Ronaldo made history, the first ever

0:32:31.520 --> 0:32:33.640
<v Speaker 1>to score in six World Cups.

0:32:34.160 --> 0:32:37.479
<v Speaker 4>Ronaldo such a big deal in soccer that I've actually

0:32:37.520 --> 0:32:39.760
<v Speaker 4>heard his name and I've watched a total of three

0:32:39.800 --> 0:32:42.960
<v Speaker 4>minutes of soccer jimilative in my life. I think, although

0:32:43.000 --> 0:32:45.200
<v Speaker 4>I might watch more this year if the USA continues

0:32:45.240 --> 0:32:47.760
<v Speaker 4>to the advance. I'm looking up at the TV the

0:32:48.120 --> 0:32:51.280
<v Speaker 4>Tartan Army which is taking over Miami right now. That's

0:32:51.360 --> 0:32:54.000
<v Speaker 4>all the guys in kilts from Scotland that had been

0:32:54.080 --> 0:32:56.280
<v Speaker 4>up in Boston. My niece up in Boston had been

0:32:56.320 --> 0:32:59.120
<v Speaker 4>sending around pictures to the family of all the dudes

0:32:59.120 --> 0:33:04.200
<v Speaker 4>in kilts riding around on the mass transit in Boston.

0:33:04.520 --> 0:33:07.560
<v Speaker 4>So Scotland is Miami to play Spain. I think, what

0:33:07.600 --> 0:33:09.880
<v Speaker 4>are your big teams? Anyway, the Tartan Army is down

0:33:09.920 --> 0:33:14.040
<v Speaker 4>there and they're partying like crazy. I'm somewhat envious of

0:33:14.080 --> 0:33:18.040
<v Speaker 4>the fun these people are having. I was reading some

0:33:18.080 --> 0:33:23.520
<v Speaker 4>analysis of this these particularly these European countries and their

0:33:23.560 --> 0:33:26.920
<v Speaker 4>fans and how into their country are, and people are

0:33:26.920 --> 0:33:29.680
<v Speaker 4>trying to make the argument that, like see, the European

0:33:29.800 --> 0:33:34.640
<v Speaker 4>Union doesn't work because look how much pride these people

0:33:34.680 --> 0:33:37.880
<v Speaker 4>have in their individual nations. They aren't written for Europe

0:33:38.200 --> 0:33:40.680
<v Speaker 4>the way we root for the United States. They're written

0:33:40.680 --> 0:33:43.520
<v Speaker 4>for their individual countries. You got you the English fans

0:33:43.520 --> 0:33:45.960
<v Speaker 4>and the Scottish fans and different fans from the different

0:33:46.760 --> 0:33:48.640
<v Speaker 4>But I don't know if that works because we all

0:33:48.720 --> 0:33:51.720
<v Speaker 4>root for the United States, but individual states root hard

0:33:51.760 --> 0:33:54.040
<v Speaker 4>to individual colleges certainly, and everything like that.

0:33:54.080 --> 0:33:56.120
<v Speaker 2>So I'm not sure that argument holds water.

0:33:56.240 --> 0:34:02.240
<v Speaker 4>But continuing to love the stories of the various people

0:34:02.280 --> 0:34:04.960
<v Speaker 4>from other countries visiting the United States for the World

0:34:04.960 --> 0:34:08.799
<v Speaker 4>Cup Soccer who are enjoying our hospitality, listen to this.

0:34:09.920 --> 0:34:14.000
<v Speaker 1>England meanwhile, had a disappointing draw against Ghana, but their

0:34:14.040 --> 0:34:16.319
<v Speaker 1>fans still found things to be excited about.

0:34:16.600 --> 0:34:20.080
<v Speaker 2>I love Siraoul on the pier, and my god, it

0:34:20.280 --> 0:34:20.960
<v Speaker 2>was amazing.

0:34:21.360 --> 0:34:24.760
<v Speaker 1>International fans are falling in love with good old fashioned

0:34:24.760 --> 0:34:26.040
<v Speaker 1>American hospitality.

0:34:26.200 --> 0:34:29.120
<v Speaker 2>Were getting such and we're welcome everywhere. We got guys

0:34:29.120 --> 0:34:31.000
<v Speaker 2>from the Saving Stop most. I just think that we

0:34:31.080 --> 0:34:33.719
<v Speaker 2>made industry as well. Yeah, we loving that.

0:34:34.200 --> 0:34:38.600
<v Speaker 1>Organizers hope that enthusiasm creates an economic boom, estimating one

0:34:38.640 --> 0:34:43.400
<v Speaker 1>billion dollars for Boston alone, seventeen billion across the US.

0:34:44.280 --> 0:34:47.640
<v Speaker 4>We are a nice, welcoming, friendly country. But I wonder

0:34:47.680 --> 0:34:51.080
<v Speaker 4>if part of it is a whole bunch of people

0:34:51.160 --> 0:34:54.920
<v Speaker 4>who have been misled by their own media with the

0:34:54.960 --> 0:35:00.319
<v Speaker 4>anti Trump, hateful this and that for so long long

0:35:00.360 --> 0:35:04.959
<v Speaker 4>that they expected something way different, so their expectations were

0:35:05.040 --> 0:35:07.200
<v Speaker 4>way off, and then they get to the United States

0:35:07.239 --> 0:35:09.200
<v Speaker 4>and find out there's just a whole bunch of happy

0:35:09.200 --> 0:35:11.279
<v Speaker 4>people wanting to party there at the soccer games. It's

0:35:11.280 --> 0:35:15.560
<v Speaker 4>not you know, the politics the way you're seeing on

0:35:15.600 --> 0:35:17.879
<v Speaker 4>your TV screen or newspaper every single day.

0:35:17.920 --> 0:35:18.719
<v Speaker 2>Maybe that's part of it.

0:35:18.840 --> 0:35:21.200
<v Speaker 4>Their expectations were out of whack because of the crazy

0:35:21.239 --> 0:35:25.239
<v Speaker 4>media coverage in the Trump era. So this is kind

0:35:25.280 --> 0:35:28.640
<v Speaker 4>of an interesting development. The way things currently stand in

0:35:28.680 --> 0:35:37.560
<v Speaker 4>the polling, the United States will play Bosnia Herzegovina July second,

0:35:37.719 --> 0:35:41.759
<v Speaker 4>the day before Iran plays Czech Republic in the same bracket.

0:35:42.040 --> 0:35:45.759
<v Speaker 4>If we win in Iran wins, will play Iran while

0:35:45.760 --> 0:35:48.280
<v Speaker 4>we're at war with Iran, which is kind of interesting

0:35:48.320 --> 0:35:50.920
<v Speaker 4>because we're at war with the country. But you know,

0:35:51.040 --> 0:35:54.200
<v Speaker 4>as we found out with the women's Ranian team a

0:35:54.239 --> 0:35:58.439
<v Speaker 4>couple months back, the Iranian players would happily defect here

0:35:58.880 --> 0:36:02.160
<v Speaker 4>in a moment if their family back home wouldn't be

0:36:02.200 --> 0:36:05.160
<v Speaker 4>jailed or tortured. So it's not like we're at war

0:36:05.200 --> 0:36:08.320
<v Speaker 4>with the players, but it's still kind of interesting.

0:36:09.000 --> 0:36:09.960
<v Speaker 2>We got a lot more on the way.

0:36:09.960 --> 0:36:11.360
<v Speaker 4>We were going to check in on the war with

0:36:11.440 --> 0:36:13.640
<v Speaker 4>Mike Lyons a little bit later to see where things

0:36:13.719 --> 0:36:16.759
<v Speaker 4>are going. We're going to talk to Tim sanderfer fan

0:36:16.880 --> 0:36:19.560
<v Speaker 4>favorite about his book and the founding and stuff as

0:36:19.600 --> 0:36:21.759
<v Speaker 4>we get close to the anniversary, and maybe some of

0:36:21.760 --> 0:36:23.640
<v Speaker 4>the Supreme Court rulings that came out yesterday.

0:36:23.680 --> 0:36:25.319
<v Speaker 2>So that'll be an hour or two if you miss it.

0:36:25.320 --> 0:36:28.080
<v Speaker 2>Gets the podcast Armstrong and Getty