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Speaker 1: I don't think you applying yourself, Smoky. I'm gonna go

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Speaker 1: ahead and let you calibrate your brain as to where

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Speaker 1: that's from.

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Speaker 2: I think you know.

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Speaker 1: If you don't, you're probably a lot younger than I am.

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Speaker 1: But even if you are, that a lot younger than

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Speaker 1: I am. I mean, it's a big pern, I mean,

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Speaker 1: big Worm. These are very important moments if you don't know.

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Speaker 1: It's the central plot line of Friday, you know, with

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Speaker 1: Chris Tucker and Ice Cube, and Chris Tucker was supposed

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Speaker 1: to sell out his weed, but instead of selling the weed,

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Speaker 1: he smoked it. And he who he got it from

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Speaker 1: is brother named Big Worm, who had a big pern.

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Speaker 1: And at some point big Worm pulled up in one

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Speaker 1: of his money but Smoke he ain't had the money.

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Speaker 1: So then big Worm was like, okay, well, then give

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Speaker 1: me my weed. Smoke ain't had that because he's smoked it,

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Speaker 1: and he was saying, listen, messing with my money is

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Speaker 1: like messing with my emotions. And he basically explains to

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Speaker 1: him that by the end of the day or this movie,

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Speaker 1: if you don't have my money or my weed, I'm

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Speaker 1: coming over here and I'm killing everybody.

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Speaker 2: You got to pay your debt.

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Speaker 1: Right now, who is smoky in this scenario is the

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Speaker 1: US federal government. We got to talk about the debt

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Speaker 1: hood politics, y'all. I don't think you applying yourself smoky,

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Speaker 1: oh man. Such an iconic time for movies, especially like

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Speaker 1: black cinema. Shout out to John Singleton man Rest in peace,

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Speaker 1: his last creation before he passed. Well John Singleton, First

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Speaker 1: of all, he didn't direct Friday That's Ice Cube, but

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Speaker 1: just classic black film from the nineties, Boys in the Hood,

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Speaker 1: Poetic Justice, and then his last one was the series FX,

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Speaker 1: a series.

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Speaker 2: On FX called Snowfall South Central Legend.

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Speaker 1: Anyway, what a time man, we had, you know, Friday

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Speaker 1: next Friday, Friday after next, you had Above the Rim,

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Speaker 1: you had just Poetic Justice, just these amazing like you know,

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Speaker 1: black nineties, like loving basketball, all of it right, just

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Speaker 1: the wood yo, like Stella got a groove back, set

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Speaker 1: it off. You know, man, what a time. And I

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Speaker 1: mean our parents, at least my parents. You know, they

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Speaker 1: had the seventies blaxploitation films. You know, that was around

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Speaker 1: a time you know they sort of black you know legends.

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Speaker 1: Let's see, I remember my father made me watch this

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Speaker 1: show called this movie called a Hero Ain't nothing.

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Speaker 2: But a sandwich.

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Speaker 1: It's about drug dealing and getting hooked on drugs from

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Speaker 1: the seventies.

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Speaker 2: Anyway, I'm off topic.

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Speaker 1: I bring up Friday and I bring up Smokey because

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Speaker 1: the central plot of the film is really paying a debt.

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Speaker 1: You know, somebody front you to work and you're supposed

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Speaker 1: to sell to work and then pay you know back

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Speaker 1: what you owe plus their percentage, right, I mean, it's

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Speaker 1: the simplest way to think about our financial credit system.

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Speaker 1: There are two really dope podcasts out right now. Ones

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Speaker 1: like it was a couple of weeks back from based

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Speaker 1: on when you're hearing this, one was, you know, from

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Speaker 1: our homies at even More News, the Cody Shody. I

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Speaker 1: adored him. I really like them. They are white as hell,

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Speaker 1: you know what I'm saying. It's like, I just they

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Speaker 1: just make me smile.

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Speaker 2: I just enjoy them.

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Speaker 1: He's got to show about the history of credit score

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Speaker 1: and ecofax and Fiico and it's really dope, man. It's

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Speaker 1: It's like they actually cover a lot of stuff that

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Speaker 1: would serve as a good deep dive into kind of

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Speaker 1: what I'm gonna talk about. And then also through Line

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Speaker 1: on NPR they have one about the history of the

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Speaker 1: credit score too, that's a little more serious and journalistic

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Speaker 1: at Cody and them at the some more news you

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Speaker 1: know spot. It's comedy, but it's like to make the

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Speaker 1: medicine go down. So if you haven't, I'm pretty sure

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Speaker 1: if you listen to the show, you listen to that show,

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Speaker 1: like that's the that's the circle. I mean, unless you

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Speaker 1: came into this circle because you were a fan of me,

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Speaker 1: then you ain't heard of them anyway. That's a more

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Speaker 1: deep dive, but basically, if you don't know, countries have

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Speaker 1: credit scores also, And what I want to do today

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Speaker 1: is I'm pretty sure you've been hearing all over the

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Speaker 1: news for the last month or two about the debt ceiling,

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Speaker 1: and America's never defaulted on their loans. We have always

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Speaker 1: paid our debts, which was always curious to me because

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Speaker 1: I was like, well, don't we make our own money? Like,

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Speaker 1: who the hell is we borrowing from? They was like

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Speaker 1: the National Treasury. I was like, isn't that the US government?

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Speaker 1: Like is you not borrowing money from yourself? I don't understand.

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Speaker 1: Don't you collect taxes? Don't the taxes go to the government,

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Speaker 1: well the taxes, like what how who are.

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Speaker 2: You borrowing money? Are you borrowing from other countries?

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Speaker 1: Don't you think that that's like a Ain't that like

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Speaker 1: a national security issue?

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Speaker 2: Like why would I borrow?

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Speaker 1: You know what I'm saying, because I'm like, why is

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Speaker 1: what stops every country from being like big worm? You

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Speaker 1: know what I'm saying? Then what the hell is our

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Speaker 1: taxes for? If you borrowing? Like what the hell wrong

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Speaker 1: with your budget? And then they way they talk about

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Speaker 1: approving budgets, I'm like, didn't you approve a budget three

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Speaker 1: months like earlier this year, like six months ago?

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Speaker 2: Well?

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Speaker 1: I thought you approved a budget, and if you know

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Speaker 1: what we spending, did y'all not stick to the Ain't

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Speaker 1: that your job to stick to the budget?

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Speaker 2: I don't understand what the hell is you borrowing?

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Speaker 1: Didn't you already say what we was gonna spend and

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Speaker 1: didn't we already spend it? Like I don't understand what

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Speaker 1: is I don't So did we borrow? Did we borrow

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Speaker 1: the weed and smoke it? Like?

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Speaker 2: Are we smoking?

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Speaker 1: Like what happened? Did we just like agree on a price?

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Speaker 1: And then the bill came and was like I ain't

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Speaker 1: got it? What like, I don't want to pay that

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Speaker 1: much digging like, that's how much? I don't already done

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Speaker 1: the thing? And I told you how much it was.

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Speaker 1: I don't understand. Did you not check for your overdraft fees?

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Speaker 1: Is you gonna swipe your card? It ain't gonna be there.

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Speaker 1: That's what I want to talk about right now, because

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Speaker 1: it ain't make sense to meet neither. I'm like, I

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Speaker 1: thought you already said what we was gonna spend and

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Speaker 1: then you already spend it. Now you got to approve

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Speaker 1: us paying back what you said we was gonna spend.

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Speaker 2: What is you talking about? Government?

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Speaker 1: Sound like my daughter. This was a few years back.

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Speaker 1: Luckily she don't listen to none of this. She was

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Speaker 1: just daydreaming about her future and one day getting a job,

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Speaker 1: and she was like, you know, hey, when I get

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Speaker 1: a job, I'm just going to what I'll do is

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Speaker 1: I think I'll save my allowance and then I'll kind

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Speaker 1: of like spend, you know, the money I get from

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Speaker 1: my job. And I was like, well, hold on there, sweetheart,

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Speaker 1: can you think of.

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Speaker 2: Why I had to pump the brakes? Onder y'all, sweetie,

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Speaker 2: we not go okay?

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Speaker 1: If you don't get this, baby, I'm not gonna give

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Speaker 1: you an allowance no more.

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Speaker 2: She was flabbergasted. What I was like, first.

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Speaker 1: Of all, I don't think you should get allowance at

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Speaker 1: all for chores. The nigga, you live here, You're gonna

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Speaker 1: have to do them anyway. So what am I paying

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Speaker 1: you for? You live here, I'll pay you for the

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Speaker 1: extra I'll pay you for the things for the peace

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Speaker 1: of mind and not having to worry about stuff. The nigga,

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Speaker 1: you don't get it. You have a job. Why would

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Speaker 1: we keep paying you an allowance if you have a job.

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Speaker 1: She was like, wait, wait, wait, does mom notice? And

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Speaker 1: I was like, are you are you kidding me? Right now?

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Speaker 2: There's nothing to discuss. She's like, wait, we need to discuss.

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Speaker 2: Like no, no, no, no, no no no no no

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Speaker 2: no no no no no no no no no no

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Speaker 2: no no no no no no, sweetheart, that's not how

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Speaker 2: it works.

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Speaker 1: I just got to feel like as of the government

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Speaker 1: be doing the government's like, okay, so I'm gonna take

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Speaker 1: your taxes and then I'm gonna get money from other

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Speaker 1: people and then I'm gonna borrow some more. Like wait, wait,

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Speaker 1: hold up, what I don't understand this, don't You don't

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Speaker 1: you don't. You don't make sense to me, right, So

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Speaker 1: I'm gonna talk about what they talking about. Help you

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Speaker 1: at least get your brain around a little bit of

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Speaker 1: what's going on and why it was such a big deal.

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Speaker 1: And in the middle of that dropped some gems is

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Speaker 1: to like, here are some good practices with your own finances. Now,

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Speaker 1: I am no wealth influencer by no means, you know,

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Speaker 1: but I'm gonna use my hood antennas things that I've

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Speaker 1: learned and practices that I've learned to apply in my

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Speaker 1: own life, like you know, on like just like the

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Speaker 1: other how much of dollar cost episodes, whereas it's like, look,

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Speaker 1: I may not know all the terms, but and you

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Speaker 1: may not know all the terms and the big words,

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Speaker 1: but you understand it. You understand exactly what Smoky and

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Speaker 1: Worm's issue was. Better have my money?

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Speaker 2: All right, let's talk about it here we go.

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Speaker 1: Okay, So I'm going to back up way far here,

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Speaker 1: not to insult your intelligence, but again just to remind

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Speaker 1: you that you actually understand this stuff. So let me

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Speaker 1: back up. Lending and borrowing money. Okay, what sucks about

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Speaker 1: the world that we built? This this universe that we built

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Speaker 1: is like, if you just paid cast for everything, it

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Speaker 1: actually would call you like debt invisible, and that would

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Speaker 1: suck for you. It would make you make it much

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Speaker 1: harder for you to buy a house, get a car,

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Speaker 1: all these different things. It actually hurts you unless you're

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Speaker 1: independently wealthy and you actually do have a billion dollars

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Speaker 1: liquid in your bank account that you could actually pay casts.

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Speaker 2: And it don't matter. Once you hit a certain amount

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Speaker 2: of money, it don't matter.

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Speaker 1: But for the rest of us who don't got that,

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Speaker 1: you being responsible and not getting in debt can punish you.

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Speaker 1: It's absurd, but it's the world we're in. So in

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Speaker 1: the simplest terms, your cousin, your uncle, say, nephew, baby

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Speaker 1: girl or baby girl, come here, Hey, let me hold

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Speaker 1: twenty dollars till tuesday. Now, let me ask you something.

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Speaker 1: What is your process of seeing as if whether you

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Speaker 1: should give this uncle or cousin that twenty dollars. Here's

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Speaker 1: a few things that I've learned in my life. I

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Speaker 1: don't loan out what I'm not willing to give, and

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Speaker 1: especially to which particular family member. If I know this

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Speaker 1: family member ain't really good for it. I'm like that,

200
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Speaker 1: I'm gonna chalk that twenty dollars up as a loss.

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Speaker 1: You ain't gonna I just love I look, I love

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Speaker 1: your uncle.

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Speaker 2: I'm just look. You know you pay me back.

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Speaker 1: I'm say pay me back, but I don't expect right

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Speaker 1: because that's just who he is. You understand what I'm

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Speaker 1: saying like that, so maybe that should be your grit.

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Speaker 1: Do you trust this person? Is this person really gonna

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Speaker 1: pay you bet? Does this person have a track record

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Speaker 1: of asking you and saying he gonna hold it till Tuesday?

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Speaker 1: You understand I'm saying. And then on Tuesday, is you

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Speaker 1: chasing this nigga down? If you are, you be like,

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Speaker 1: I ain't got it today, un I'm sorry. You know

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Speaker 1: what I'm saying, Come on you pro care's nigga. It's like, well,

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Speaker 1: I mean you the one borrowing from me, Like I

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Speaker 1: don't know which one of them nigga.

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Speaker 2: I'm good. I'm good for it, you know what I'm saying, Like,

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Speaker 2: I look, I get you on Tuesday.

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Speaker 1: If you don't trust this niggas like sometimes you have

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Speaker 1: to be like, okay, put some on it. Show me

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Speaker 1: that you're gonna get me back on Tuesday, or at

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Speaker 1: least give me like five on Tuesday.

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Speaker 2: You can have till Friday.

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Speaker 1: Just give me something, right, And if anything, it's not

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Speaker 1: so much you worried about that twenty dollars, it's it's

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Speaker 1: that I need you to keep your word.

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Speaker 2: That's what you said you was gonna do.

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Speaker 1: And if I'm ever gonna borrow from you again, or

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Speaker 1: I'm ever gonna let you borrow from me again, like nigga,

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Speaker 1: I'm not finna do that. But listen, the first thing

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Speaker 1: is like, look, man, don't loan no money you're not

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Speaker 1: willing to give. You know that you can't afford to lose.

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Speaker 1: That's that's you on the thing. Now, if you borrowing,

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Speaker 1: you shouldn't borrow something that you can't pay back because

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Speaker 1: it's gonna be on your back forever. And then there's

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Speaker 1: this thing called which you're grown ups, called interest. Right,

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Speaker 1: So gives me to the point, which is like lending

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Speaker 1: money is a business, Like it's clearly right, and for

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Speaker 1: it to be a business, there has to be a

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Speaker 1: way to make money. If I loan you one hundred dollars,

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Speaker 1: if I'm a business, I give you a hundred dollars,

241
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Speaker 1: I loan you one hundred dollars and you just pay

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Speaker 1: me back one hundred dollars. What a stupid business plan.

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Speaker 1: I need a way to make money off this, So

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Speaker 1: I need to charge you for letting you borrow money

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Speaker 1: from me. Like this is a service I'm giving you,

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Speaker 1: and for me to stay in business, I got to

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Speaker 1: make money off this loan.

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Speaker 2: Right.

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Speaker 1: That's where it comes into things called predatory loans, which

250
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Speaker 1: is like I'm looking for you that are struggling, that

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Speaker 1: are tight right now, and I'm like, all right, you

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Speaker 1: need one hundred dollars. I got you, you know what

253
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Speaker 1: I'm saying, but you gotta pay me back plus like

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Speaker 1: you know, fifty percent interest. Fifty percent interest is absurd,

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Speaker 1: So like that's if you paid me back the one

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Speaker 1: hundred dollars right when I gave it to you, it

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Speaker 1: would be one hundred and fifty bucks. But if it's

258
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Speaker 1: fifty percent interest, it's fifty percent interest per payment. So

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Speaker 1: if you borrow hundred dollars from me, and I'm like,

260
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Speaker 1: I'm charging you fifty percent interest. So every time you

261
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Speaker 1: paid me twenty bucks, you got to remember, fifty dollars

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Speaker 1: got added to your ending balance every time, because it's

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Speaker 1: fifty percent interest. So if that's the case, if you

264
00:14:20,480 --> 00:14:22,360
Speaker 1: only paying me twenty dollars, you still haven't paid none

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Speaker 1: of the principal, right, So that means you could be

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Speaker 1: paying off that you end up paying one thousand dollars

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Speaker 1: on that one hundred dollars, right because of the way

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Speaker 1: the interest works, and because you had to maintain your

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Speaker 1: own finances. I mean, that's why it's called predatory, you

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Speaker 1: feel me. So lending is a business, and the way

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Speaker 1: to gain the system is to always make sure, okay,

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Speaker 1: don't borrow what you can't afford, to pay back and

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Speaker 1: pay back quickly, right, So for your credit cards and

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Speaker 1: stuff like that, when you just to pay back minimums,

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Speaker 1: you know that basically that means you're gonna be in

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Speaker 1: debt for the rest of your life, you feel me.

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Speaker 1: And you're gonna pay like thousands and thousands and thousands

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Speaker 1: of dollars more than and what you actually borrowed. That's

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Speaker 1: why foods, that's why you get the stuff in the

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Speaker 1: mail of like, yo, you've been approved for thirty thousand.

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Speaker 2: Dollars, you know what I'm saying.

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Speaker 1: It's like, nigga, you're gonna be paying hundreds of thousands

283
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Speaker 1: of dollars back to the like, don't ever like throw

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Speaker 1: that shit away. Don't borrow what you can't A lot

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Speaker 1: of a lot of times. You know a lot of

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Speaker 1: people do too. This is just good money stuff. Is

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00:15:19,160 --> 00:15:21,760
Speaker 1: like when your check, you know you, it turns out

288
00:15:21,760 --> 00:15:23,480
Speaker 1: you got more month than you do check.

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Speaker 2: You feel me.

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Speaker 1: So at the end of the last few days of

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Speaker 1: the month, when you're trying to go get gas, you

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Speaker 1: just put that on your credit card. You set yourself

293
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Speaker 1: up because that's money. You don't have you spending money

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Speaker 1: that's not yours. You understand I'm saying. And now you

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Speaker 1: you chunking into your next check already because you're gonna

296
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Speaker 1: have to pay that back, you feel me. So what

297
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Speaker 1: are you supposed to do with that? Will you create

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Speaker 1: a budget? Right now? I'm saying this in a time

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Speaker 1: where the cost of living is absurd and sticky to

300
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Speaker 1: a budget almost means you're gonna have to choose between

301
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Speaker 1: eating and rent. I understand that, you know so, so

302
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Speaker 1: trust me. I know that's that's what I'm talking about.

303
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Speaker 1: I'm saying in a world where you was able to

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Speaker 1: get some sort of employment, you know, and that employment

305
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Speaker 1: if you're doing your best to live within your means.

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Speaker 2: These are just good practices.

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Speaker 1: And again I'm just trying to explain borrowing, lending and

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Speaker 1: budget right. So that being said, when this credit card

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Speaker 1: are these people say yo, how much.

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Speaker 2: You need and you like, like, let's take it to

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Speaker 2: the streets.

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Speaker 1: I'm back and going back and forth between you know, business,

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Speaker 1: credit card, streets, government whatever.

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Speaker 2: Right, let's take it to the streets. You know.

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Speaker 1: That's why there's such things as loan sharks, right, because

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00:16:39,480 --> 00:16:41,440
Speaker 1: you can make a lot of money like that because

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Speaker 1: you're desperate.

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Speaker 2: You have to.

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Speaker 1: You're gonna have to pay me back, you feel me,

320
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Speaker 1: or we break kneecaps like you've seen movies.

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Speaker 2: You know what I'm saying.

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Speaker 1: You don't ever want to owe these people a favorite nigga,

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Speaker 1: like cause you're gonna be in their debt forever, you know,

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Speaker 1: because they'll approve your loan nigga, like you ain't got

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00:16:56,720 --> 00:17:00,560
Speaker 1: to go through though, like credit report that they approve

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Speaker 1: your low nigga because because you don't pay them. Oh,

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Speaker 1: come on, nigga, you family, it ain't nothing.

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Speaker 2: You know what I'm saying. Now we'll get that, you

329
00:17:08,440 --> 00:17:11,080
Speaker 2: know what I'm saying, Like gon't get on your feet, nigga.

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Speaker 2: We good out here. We'll chat later. Oh, because.

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Speaker 1: They gonna come collect Nigga, it's gonna be at a

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Speaker 1: time you don't won't. And I know you're not gonna

333
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Speaker 1: break your uncle kneecap unless, like I hope you not.

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00:17:25,800 --> 00:17:28,119
Speaker 1: Maybe maybe you set Grandma on them, you know what

335
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Speaker 1: I mean? I don't know, but like when they're like, yo,

336
00:17:31,040 --> 00:17:33,080
Speaker 1: how much you need? Are you good for it?

337
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Speaker 2: How much you need?

338
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Speaker 1: You throw out this number that you like, Oh, I know,

339
00:17:37,720 --> 00:17:39,600
Speaker 1: I only make you know this much of mone so

340
00:17:39,600 --> 00:17:42,640
Speaker 1: I won't be able to make these payments getting into

341
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Speaker 1: these cars.

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Speaker 2: You know, if you listen to urban radio stations, they're like.

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00:17:46,280 --> 00:17:49,639
Speaker 1: No credit, bad credit. Your job is your credit. We

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00:17:49,760 --> 00:17:53,160
Speaker 1: approve everyone. You could get in a foreign nigga, don't

345
00:17:53,600 --> 00:17:59,320
Speaker 1: take that deal cuz okay, remember all the like, you know,

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Speaker 1: the housing crisis, it was that it was like yo,

347
00:18:04,359 --> 00:18:07,000
Speaker 1: or when the housing bubble explode, it was like we're

348
00:18:07,040 --> 00:18:09,240
Speaker 1: giving y'all houses knowing full well you ain't gonna be

349
00:18:09,280 --> 00:18:11,600
Speaker 1: able to pay this, so you got to have a wisdom.

350
00:18:11,640 --> 00:18:13,840
Speaker 1: It's like, well they approved me for this jumbo loan.

351
00:18:14,320 --> 00:18:17,720
Speaker 1: I guess I'm good. He's Linda's ain't looking out for you. Nigga,

352
00:18:17,720 --> 00:18:20,480
Speaker 1: ain't making you a lick. You're the lick. You can't

353
00:18:20,520 --> 00:18:22,640
Speaker 1: trust them to do right by you. Oh, we really

354
00:18:22,680 --> 00:18:24,480
Speaker 1: wanted to get you in this home. Nah, nigga know

355
00:18:24,600 --> 00:18:27,240
Speaker 1: you not? You know you can't afford this because when

356
00:18:27,280 --> 00:18:30,640
Speaker 1: the interest rates shoot up, which is what happened right

357
00:18:32,040 --> 00:18:34,960
Speaker 1: your bill quadrupled. You feel me because you was you

358
00:18:35,040 --> 00:18:37,760
Speaker 1: locked into this like you know Jumbo loan with this

359
00:18:38,040 --> 00:18:40,080
Speaker 1: arm thing. You ain't you know what I'm saying where

360
00:18:40,119 --> 00:18:43,200
Speaker 1: it's like you didn't lock in your your interest rate,

361
00:18:43,240 --> 00:18:45,600
Speaker 1: which means, like I said before, I'm charging you to

362
00:18:45,680 --> 00:18:47,720
Speaker 1: let you borrow money from me, and I could raise

363
00:18:47,760 --> 00:18:49,680
Speaker 1: my prices whenever I feel like it if I could

364
00:18:49,680 --> 00:18:51,399
Speaker 1: be like Yo, it cost five dollars to barrow for me.

365
00:18:51,480 --> 00:18:53,159
Speaker 1: Now it costs fifty dollars a ball for me. But

366
00:18:53,200 --> 00:18:55,879
Speaker 1: you didn't already borrow the money, so you're gonna have

367
00:18:55,880 --> 00:18:59,600
Speaker 1: to pay it like nah, fam So when they like YO,

368
00:18:59,640 --> 00:19:00,400
Speaker 1: how much you good?

369
00:19:00,400 --> 00:19:01,160
Speaker 2: How much you want?

370
00:19:01,440 --> 00:19:04,959
Speaker 1: If you hit them like I want one hundred thousand

371
00:19:05,040 --> 00:19:07,600
Speaker 1: dollars like nigga, you never gonna be able to pay that,

372
00:19:07,840 --> 00:19:11,480
Speaker 1: like you know you can't handle that payment. You want

373
00:19:11,480 --> 00:19:13,399
Speaker 1: your little tell, you want your little foreign whip. You

374
00:19:13,440 --> 00:19:16,560
Speaker 1: know what I'm saying, That bill like, you know, four

375
00:19:16,680 --> 00:19:19,679
Speaker 1: five bills a month, you trip it becuz like just

376
00:19:19,720 --> 00:19:22,800
Speaker 1: so you could swerve this whip. When the repo man

377
00:19:22,920 --> 00:19:25,000
Speaker 1: come pick your car up, you're gonna be looking real

378
00:19:25,119 --> 00:19:28,160
Speaker 1: Laane gont dry that little bucket. You know what I'm saying,

379
00:19:28,160 --> 00:19:30,680
Speaker 1: get your weight up right now, like do don't look look,

380
00:19:31,280 --> 00:19:34,720
Speaker 1: I'm saying this knowing full well what it's like out here,

381
00:19:35,800 --> 00:19:38,720
Speaker 1: but like, you need to be able to maintain these

382
00:19:39,320 --> 00:19:42,440
Speaker 1: these loans. You need to be able to maintain these bills.

383
00:19:42,680 --> 00:19:45,800
Speaker 1: So when they approve your credit limit, it would be

384
00:19:45,880 --> 00:19:49,480
Speaker 1: smart to be like, this credit limit is based.

385
00:19:49,200 --> 00:19:51,000
Speaker 2: On a budget. I know I can maintain.

386
00:19:52,840 --> 00:19:57,439
Speaker 1: What happens is once you start hitting the red meaning

387
00:19:57,520 --> 00:20:00,440
Speaker 1: you don't hit your credit limit. You maxed out that card,

388
00:20:00,520 --> 00:20:04,399
Speaker 1: you maxed out that loan, it's like, YO, will borrow.

389
00:20:04,520 --> 00:20:07,359
Speaker 1: We'll let you borrow ten thousand dollars, right and you

390
00:20:07,480 --> 00:20:08,720
Speaker 1: was like, dope, that's my limit.

391
00:20:08,840 --> 00:20:10,280
Speaker 2: Okay, Cool, Well I don't need all ten.

392
00:20:10,400 --> 00:20:13,480
Speaker 1: I just need I just need to right now, Okay, Cool,

393
00:20:13,560 --> 00:20:14,879
Speaker 1: your bill at two thousand.

394
00:20:14,880 --> 00:20:16,119
Speaker 2: You'd be like, oh, I can handle that, you know

395
00:20:16,160 --> 00:20:16,919
Speaker 2: what I'm saying.

396
00:20:16,680 --> 00:20:19,080
Speaker 1: Like, okay, I could pay that off probably in like

397
00:20:19,160 --> 00:20:20,800
Speaker 1: I pay that off in like three months. Get this

398
00:20:20,800 --> 00:20:22,520
Speaker 1: thing back down to like zero, back down to like

399
00:20:22,560 --> 00:20:24,720
Speaker 1: one hundred dollars. Right, But let's just say the helmies

400
00:20:24,760 --> 00:20:26,120
Speaker 1: hit you and they like, yo, we going to can

401
00:20:26,200 --> 00:20:29,760
Speaker 1: Coon cuz oh nigga, Like yo, y'all doing, y'all doing

402
00:20:29,760 --> 00:20:31,479
Speaker 1: a vacation. All right, look I'll pull up.

403
00:20:31,800 --> 00:20:34,120
Speaker 2: I just now just swipe my car. Well, I'll be good.

404
00:20:34,480 --> 00:20:37,520
Speaker 1: Right, you swipe that card, that bill go from two

405
00:20:37,600 --> 00:20:39,560
Speaker 1: hundred a month because you only had two thousand on

406
00:20:39,640 --> 00:20:41,560
Speaker 1: your thing to now eight thousand.

407
00:20:41,720 --> 00:20:45,880
Speaker 2: And then now you there and it's like, oh man, like.

408
00:20:45,880 --> 00:20:48,240
Speaker 1: I'm not finna be in can Coon like a broke boy, Like,

409
00:20:48,320 --> 00:20:50,399
Speaker 1: I mean, I still got to get these drinks. You

410
00:20:50,520 --> 00:20:53,080
Speaker 1: to maxed out that credit card? Now, listen, is the

411
00:20:53,080 --> 00:20:56,680
Speaker 1: credit card gonna decline? No, it's a business. Now they're

412
00:20:56,680 --> 00:20:58,919
Speaker 1: gonna let you swipe away. You just gonna get the

413
00:20:58,960 --> 00:21:01,600
Speaker 1: email that's like, uh, you don maxed out your card

414
00:21:01,640 --> 00:21:05,760
Speaker 1: because you want some mo Yeah, I mean yeah, I

415
00:21:05,800 --> 00:21:07,440
Speaker 1: mean I don't already spent it. So yeah, you gotta

416
00:21:07,480 --> 00:21:09,680
Speaker 1: raise that level. Well, we'll raise it to twenty. At

417
00:21:09,680 --> 00:21:11,600
Speaker 1: this point, you' like what the interest? I mean, it

418
00:21:11,680 --> 00:21:14,840
Speaker 1: is what it is. I'm already out here already spent it.

419
00:21:15,359 --> 00:21:16,880
Speaker 1: Are you living dangerous home boy?

420
00:21:17,440 --> 00:21:19,119
Speaker 2: But you donet already spent it? So what are you

421
00:21:19,119 --> 00:21:22,320
Speaker 2: supposed to do? I mean, you gotta pay it.

422
00:21:22,320 --> 00:21:26,960
Speaker 1: It's already spent, right, I mean that's the US government.

423
00:21:27,960 --> 00:21:53,200
Speaker 1: Let's take a break.

424
00:21:54,160 --> 00:21:55,640
Speaker 2: Yeah, so.

425
00:21:57,280 --> 00:22:03,199
Speaker 1: There are two positions, right, it's the bill came. The

426
00:22:03,240 --> 00:22:07,359
Speaker 1: bill is more than what we budgeted. I need y'all

427
00:22:07,359 --> 00:22:09,080
Speaker 1: to be cool for me to go ahead and pay

428
00:22:09,080 --> 00:22:12,840
Speaker 1: this off. And we've never not paid our bill. Now

429
00:22:12,880 --> 00:22:20,359
Speaker 1: you got your conservative wing that is like, nigga, this

430
00:22:20,400 --> 00:22:24,920
Speaker 1: shit is weight y'all spending way too much. I'm not nah, fam,

431
00:22:25,000 --> 00:22:30,280
Speaker 1: I'm not approving this number nigga until you promise me.

432
00:22:31,800 --> 00:22:37,200
Speaker 2: You not finna like keep spending like this shit man

433
00:22:37,400 --> 00:22:37,600
Speaker 2: like you.

434
00:22:37,840 --> 00:22:42,320
Speaker 1: We can't just keep nigga, You're it's like you being irresponsible, bro,

435
00:22:42,440 --> 00:22:46,879
Speaker 1: Like if you you can't afford this camt Coon trip, nigga,

436
00:22:46,960 --> 00:22:48,200
Speaker 1: don't go to the camp.

437
00:22:48,280 --> 00:22:49,359
Speaker 2: What are you doing?

438
00:22:49,480 --> 00:22:52,560
Speaker 1: Like? And then you're looking at me on some like

439
00:22:52,720 --> 00:22:56,520
Speaker 1: all right, hey the man, it's like, no, fool, like,

440
00:22:57,760 --> 00:23:02,639
Speaker 1: what is you doing? I'm not aven this? And then

441
00:23:03,000 --> 00:23:09,159
Speaker 1: you got the Democrat side that's like, well, the bill's

442
00:23:09,200 --> 00:23:13,000
Speaker 1: already here. The time to talk about what's okay to

443
00:23:13,040 --> 00:23:18,480
Speaker 1: spend is after this, like we'll we'll deal with that.

444
00:23:19,240 --> 00:23:22,679
Speaker 1: I feel you. I mean, don't get me wrong, I

445
00:23:22,720 --> 00:23:26,720
Speaker 1: feel you. But remember I wasn't the only one that

446
00:23:26,960 --> 00:23:30,679
Speaker 1: said let's go to Cancun. Nigga, we all here, like,

447
00:23:30,800 --> 00:23:34,960
Speaker 1: hold up, you agreed, you agreed to buying these drinks.

448
00:23:35,000 --> 00:23:38,440
Speaker 2: You agreed to these tickets. Now that we hear.

449
00:23:40,320 --> 00:23:43,760
Speaker 1: You don't get to be the one that's financially responsible

450
00:23:43,840 --> 00:23:45,679
Speaker 1: and get to just duck out on this bill to

451
00:23:45,680 --> 00:23:50,520
Speaker 1: bill here now you would have could have shuder me, Nigga,

452
00:23:50,560 --> 00:23:55,160
Speaker 1: we gotta pay the bill. We'll deal with my spending

453
00:23:55,240 --> 00:24:00,480
Speaker 1: habits a little bit later. And another thing, you spend

454
00:24:00,560 --> 00:24:02,399
Speaker 1: just as bad as I do. You just spend it

455
00:24:02,440 --> 00:24:06,080
Speaker 1: on other shit. I might be into drinks, but nigga,

456
00:24:06,119 --> 00:24:09,280
Speaker 1: you into cars. You know, if we the government, it's

457
00:24:09,320 --> 00:24:12,800
Speaker 1: like I might be into you know, these building programs,

458
00:24:12,880 --> 00:24:17,960
Speaker 1: these bridges, but you went into that military like you

459
00:24:18,119 --> 00:24:21,480
Speaker 1: buying absurd weapons like matter fact, you the biggest part

460
00:24:21,480 --> 00:24:24,080
Speaker 1: of the build, nigga. So you're telling me to cut

461
00:24:24,080 --> 00:24:28,119
Speaker 1: my little part. And the Republic is like, well, nigga,

462
00:24:28,240 --> 00:24:30,760
Speaker 1: that part's the most important. You ain't got a life

463
00:24:30,800 --> 00:24:33,040
Speaker 1: if we're not buying these. And you couple all that

464
00:24:33,400 --> 00:24:37,199
Speaker 1: the other character in the story, which is the American people,

465
00:24:37,359 --> 00:24:39,639
Speaker 1: that is like, hey, nigga, buy me a drink.

466
00:24:39,680 --> 00:24:40,280
Speaker 2: Are you cute?

467
00:24:40,320 --> 00:24:40,439
Speaker 1: Well?

468
00:24:40,440 --> 00:24:41,040
Speaker 2: I want a drink.

469
00:24:41,040 --> 00:24:43,359
Speaker 1: This Nigga's like, Yo, I want this, Airbnb, Yo, I

470
00:24:43,400 --> 00:24:46,040
Speaker 1: want this. No, they should buy us this. You said

471
00:24:46,080 --> 00:24:48,800
Speaker 1: you was gonna take me. I want a new purse,

472
00:24:49,160 --> 00:24:49,920
Speaker 1: like you know what I'm saying.

473
00:24:49,960 --> 00:24:50,560
Speaker 2: We the ones.

474
00:24:50,480 --> 00:24:52,640
Speaker 1: Demanded like telling you, and the only reason we get

475
00:24:52,640 --> 00:24:55,040
Speaker 1: to say that is because you told us, like, hey,

476
00:24:55,080 --> 00:24:57,960
Speaker 1: what you want, baby girl, We're going to cancn Okay, listen,

477
00:24:58,080 --> 00:25:03,560
Speaker 1: let me tell you what I want. I don't know

478
00:25:03,600 --> 00:25:06,679
Speaker 1: why I made the American this is. I don't know

479
00:25:06,680 --> 00:25:10,119
Speaker 1: why I made us. I'm a dude, you know what

480
00:25:10,160 --> 00:25:12,280
Speaker 1: I'm saying. So I don't know why my characters sound. Well,

481
00:25:12,320 --> 00:25:14,159
Speaker 1: I do know why my characters sound like this. I do.

482
00:25:14,240 --> 00:25:18,159
Speaker 1: It's absurd, but anyway, stick with me. Now, you know

483
00:25:18,160 --> 00:25:21,439
Speaker 1: what I'm saying. I mean you look he swiping the card.

484
00:25:21,680 --> 00:25:25,879
Speaker 1: You feel me? So look you get to flex. You

485
00:25:25,920 --> 00:25:27,560
Speaker 1: know what I'm saying, Cause you got me the pretty

486
00:25:27,560 --> 00:25:29,919
Speaker 1: little thing you know on your little arm.

487
00:25:29,960 --> 00:25:30,440
Speaker 2: You know what I'm saying.

488
00:25:30,440 --> 00:25:32,400
Speaker 1: I'm your little piece out here in cant Con while

489
00:25:32,440 --> 00:25:34,159
Speaker 1: you stunned the nigga. You need to make sure I

490
00:25:34,160 --> 00:25:40,000
Speaker 1: got these, make sure I'm shining. But look the card

491
00:25:40,080 --> 00:25:44,360
Speaker 1: doesne been swiped? This where we are, while we arguing

492
00:25:44,440 --> 00:25:48,680
Speaker 1: over the bill. Is the time to argue over the bill.

493
00:25:49,800 --> 00:25:51,200
Speaker 1: Ain't when the bill get here.

494
00:25:52,280 --> 00:25:54,879
Speaker 2: It's when we swiping the card, nigga. Is when you

495
00:25:54,880 --> 00:25:56,120
Speaker 2: start arguing over the bill.

496
00:25:56,720 --> 00:26:01,000
Speaker 1: Nevertheless, this where we are, So what the government is

497
00:26:01,040 --> 00:26:04,080
Speaker 1: doing is fighting over that bill is like do we

498
00:26:04,160 --> 00:26:06,720
Speaker 1: pay it? And then you got people getting on the

499
00:26:06,760 --> 00:26:09,400
Speaker 1: camera and they saying from both sides, like listen, we've

500
00:26:09,440 --> 00:26:10,480
Speaker 1: never not paid our bill.

501
00:26:10,520 --> 00:26:13,200
Speaker 2: We're gonna pay the bill. We just need to agree

502
00:26:13,240 --> 00:26:14,199
Speaker 2: on you know this.

503
00:26:14,320 --> 00:26:17,160
Speaker 1: That and the third right to us as the consumer

504
00:26:17,280 --> 00:26:19,040
Speaker 1: is going, okay, so what happens if you don't pay

505
00:26:19,080 --> 00:26:19,400
Speaker 1: a bill?

506
00:26:19,400 --> 00:26:21,320
Speaker 2: What in half? The government don't get they paycheck?

507
00:26:21,920 --> 00:26:22,120
Speaker 1: Right?

508
00:26:23,040 --> 00:26:25,720
Speaker 2: What? Yeah, no, your niggas don't get they paychecks.

509
00:26:25,960 --> 00:26:27,680
Speaker 1: If you work for a you got a federal job,

510
00:26:27,920 --> 00:26:30,440
Speaker 1: I eat a military you just don't get your paycheck.

511
00:26:30,520 --> 00:26:34,520
Speaker 1: But well, yeah, because we defaulted on our loan, then

512
00:26:34,720 --> 00:26:37,000
Speaker 1: what you should say, let me get this straight. My

513
00:26:37,080 --> 00:26:41,960
Speaker 1: paycheck is a loan, is money you borrowed? What and

514
00:26:42,040 --> 00:26:48,439
Speaker 1: where the money you got? It seems extremely irresponsible, to

515
00:26:48,480 --> 00:26:51,240
Speaker 1: which I would say, you are absolutely correct.

516
00:26:52,320 --> 00:26:53,680
Speaker 2: So here's what happened.

517
00:26:53,920 --> 00:26:58,159
Speaker 1: What happened was the bill comes, right, the bill for

518
00:26:58,240 --> 00:27:00,840
Speaker 1: the US government and the Republic against pass a bill.

519
00:27:00,920 --> 00:27:04,520
Speaker 1: They're saying, listen, I'm not raising this debt ceiling, which

520
00:27:04,560 --> 00:27:09,000
Speaker 1: is like like I said, yo yo, limit yo Max, Like,

521
00:27:10,359 --> 00:27:13,879
Speaker 1: I'm not gonna agree for you spending and paying for

522
00:27:13,960 --> 00:27:17,280
Speaker 1: all this until you agree to stop spending money in

523
00:27:17,359 --> 00:27:23,440
Speaker 1: these particular areas, right because again, like our government can't

524
00:27:23,440 --> 00:27:26,680
Speaker 1: fund Remember, the Congress holds the purse, right, So we're

525
00:27:26,720 --> 00:27:32,040
Speaker 1: not going to approve you spending this bread if which

526
00:27:32,080 --> 00:27:33,960
Speaker 1: is really not a spend, it's a payback because the

527
00:27:33,960 --> 00:27:37,760
Speaker 1: money's already spent. Right, We're not going to prove that

528
00:27:38,040 --> 00:27:42,200
Speaker 1: until you agree to stop spending money on these four

529
00:27:42,359 --> 00:27:44,920
Speaker 1: five things that we're sending two things, So you gotta

530
00:27:44,960 --> 00:27:48,479
Speaker 1: want you pass that then we'll approve this. President Biden

531
00:27:48,600 --> 00:27:52,560
Speaker 1: is like, bro, that's not a negotiation. This ain't the

532
00:27:52,600 --> 00:27:55,120
Speaker 1: bills already here, what are you talking about? We could

533
00:27:55,119 --> 00:27:58,600
Speaker 1: talk about that, but like nigga, not now you're essentially

534
00:27:59,000 --> 00:28:01,880
Speaker 1: like you're own sharking me here, and you're not even

535
00:28:01,880 --> 00:28:07,240
Speaker 1: the person I borrowed money from, like you said, like you,

536
00:28:07,280 --> 00:28:09,760
Speaker 1: this is your tripping, like this is not the time

537
00:28:09,800 --> 00:28:13,200
Speaker 1: to talk about this, to which the Republicans are like, well,

538
00:28:13,280 --> 00:28:14,560
Speaker 1: we tried to talk about it.

539
00:28:15,200 --> 00:28:34,760
Speaker 2: You ain't want to hear us. Then, now let's get

540
00:28:34,800 --> 00:28:35,840
Speaker 2: into the policy stuff.

541
00:28:35,920 --> 00:28:38,320
Speaker 1: The policy stuff kind of works like this, like, Okay,

542
00:28:38,360 --> 00:28:40,320
Speaker 1: how do you get out of this? Well, remember again,

543
00:28:41,280 --> 00:28:44,040
Speaker 1: the House has to approve the thing, right, and the

544
00:28:44,080 --> 00:28:45,800
Speaker 1: position of the House and the position of the White

545
00:28:45,840 --> 00:28:47,040
Speaker 1: House couldn't.

546
00:28:46,640 --> 00:28:51,560
Speaker 2: Be further apart, right, So one way out of this. Now.

547
00:28:51,600 --> 00:28:53,400
Speaker 1: I'm writing this the day after his Mother's Day, so

548
00:28:53,480 --> 00:28:55,720
Speaker 1: I don't know what it's going to be, you know,

549
00:28:55,800 --> 00:28:59,800
Speaker 1: because the you know, red line you getting evicted is

550
00:29:00,240 --> 00:29:02,840
Speaker 1: June first, and this will be out probably after that.

551
00:29:02,920 --> 00:29:08,240
Speaker 1: So I don't know what's gonna happen. But either everybody's

552
00:29:08,280 --> 00:29:11,240
Speaker 1: allowed their fiction or they both get to go on

553
00:29:11,320 --> 00:29:15,560
Speaker 1: stage and say why didn't get punked by the other party?

554
00:29:16,360 --> 00:29:17,040
Speaker 2: You know what I'm saying?

555
00:29:17,200 --> 00:29:20,360
Speaker 1: And I got what we wanted because nobody really wants

556
00:29:20,400 --> 00:29:24,560
Speaker 1: to default on the loan, but also nobody wants to

557
00:29:24,600 --> 00:29:29,160
Speaker 1: look like a punk. Right, So if Biden can be like, look, dog,

558
00:29:29,200 --> 00:29:31,280
Speaker 1: I got it done. I did my wheeling and Dylon,

559
00:29:31,640 --> 00:29:34,760
Speaker 1: I wasn't extorted, I wasn't strong armed. I made them

560
00:29:34,880 --> 00:29:39,880
Speaker 1: understand that this is better for the people, and I'm

561
00:29:40,000 --> 00:29:42,480
Speaker 1: down to go talk about these cuts because like, yo,

562
00:29:42,600 --> 00:29:44,680
Speaker 1: maybe you are right, maybe we are maybe we are

563
00:29:44,680 --> 00:29:49,400
Speaker 1: going crazy on these cuts. Things right, And then the

564
00:29:49,480 --> 00:29:54,160
Speaker 1: Republicans get to be like, okay, listen, we made him

565
00:29:54,200 --> 00:29:57,200
Speaker 1: come to the table. This fool understands that we not

566
00:29:57,320 --> 00:30:00,280
Speaker 1: playing right. That's what y'all sent us up up here

567
00:30:00,320 --> 00:30:04,680
Speaker 1: to do this. And they can make each other the enemy,

568
00:30:04,960 --> 00:30:07,720
Speaker 1: and they can do this whole theater, and Biden can

569
00:30:07,760 --> 00:30:10,600
Speaker 1: pretend like this ain't really about you know what I'm saying,

570
00:30:10,720 --> 00:30:15,000
Speaker 1: that spending you know, on budget cuts and approving this

571
00:30:15,080 --> 00:30:18,320
Speaker 1: are two separate things. They not, nigga, that's fiction, you

572
00:30:18,360 --> 00:30:23,280
Speaker 1: feel me. But they can both pretend like they got

573
00:30:23,360 --> 00:30:25,680
Speaker 1: what they needed or you could do this other thing,

574
00:30:26,200 --> 00:30:30,320
Speaker 1: which is essentially like this like emergency ripcord thing where

575
00:30:30,360 --> 00:30:33,600
Speaker 1: you really only need five Republicans to approve, right, And

576
00:30:33,640 --> 00:30:35,200
Speaker 1: how would you do that? Why I could get five

577
00:30:35,240 --> 00:30:37,719
Speaker 1: of y'all to agree if I start cutting back some

578
00:30:37,760 --> 00:30:40,360
Speaker 1: of this like COVID relief money, and I could say, yo,

579
00:30:40,800 --> 00:30:43,880
Speaker 1: I'll stop spending this. I'll agree to stop spending this

580
00:30:43,960 --> 00:30:48,560
Speaker 1: before you send me this money. And that would make

581
00:30:48,640 --> 00:30:51,560
Speaker 1: obviously the Republican base super angry because it looked like

582
00:30:51,560 --> 00:30:53,160
Speaker 1: you got punked. But they'll get over it, you know

583
00:30:53,160 --> 00:30:56,240
Speaker 1: what I mean, especially when they don't miss a check. Yeah,

584
00:30:56,560 --> 00:30:59,040
Speaker 1: you feel me. So there's these ways to do that.

585
00:30:59,080 --> 00:31:02,200
Speaker 1: And then there's this like really get into the policy

586
00:31:02,240 --> 00:31:05,160
Speaker 1: stuff with the fourteenth Amendment. And that's the part that

587
00:31:05,240 --> 00:31:08,080
Speaker 1: I was like, wait, what so what happened with the

588
00:31:08,080 --> 00:31:10,040
Speaker 1: fourteenth Amendment? It had to do with the Civil War,

589
00:31:10,400 --> 00:31:15,920
Speaker 1: right when the Confederate Army, you know, loaned out moneys

590
00:31:15,960 --> 00:31:17,600
Speaker 1: through land bills. And that's what I'm gonna start are

591
00:31:17,640 --> 00:31:20,200
Speaker 1: the Confederate government. I'm gonna start getting into like who

592
00:31:20,240 --> 00:31:23,360
Speaker 1: the government borrow money from anyway? Right in a second,

593
00:31:23,360 --> 00:31:25,440
Speaker 1: but when they started loaning our money once the once

594
00:31:25,440 --> 00:31:28,720
Speaker 1: the Civil War was over, they came back and we

595
00:31:28,800 --> 00:31:32,400
Speaker 1: came back into the Union. The government was like, you

596
00:31:32,440 --> 00:31:38,160
Speaker 1: can't collect on debts. Nigga, your shit is gone right,

597
00:31:38,640 --> 00:31:42,320
Speaker 1: Like no, nigga, no, noah, fam you don't get to

598
00:31:42,360 --> 00:31:46,480
Speaker 1: collect because your whole shit was fraudulent anyway. So they

599
00:31:46,640 --> 00:31:49,360
Speaker 1: put in here so that the Confederates can't do that

600
00:31:49,400 --> 00:31:52,360
Speaker 1: to the Union and everybody else said that you can't

601
00:31:52,400 --> 00:31:54,920
Speaker 1: just decide you're not gonna pay your bill and that

602
00:31:55,000 --> 00:31:58,520
Speaker 1: you your bill is is like fraudulent. So they put

603
00:31:58,560 --> 00:32:02,840
Speaker 1: into the fourteenth Amendments, oh, that the Confederates can't be like, well, nigga,

604
00:32:02,840 --> 00:32:05,640
Speaker 1: we not paying your money either. There's this thing where

605
00:32:05,640 --> 00:32:07,280
Speaker 1: it's like no, no, no, no, no, no no, you have

606
00:32:07,360 --> 00:32:10,080
Speaker 1: to pay. So some people are arguing even the debt

607
00:32:10,080 --> 00:32:14,120
Speaker 1: ceiling itself is unconstitutional because of the fourteenth Amendment. You

608
00:32:14,200 --> 00:32:16,240
Speaker 1: have to pay the bill, like you can't not pay

609
00:32:16,280 --> 00:32:20,840
Speaker 1: the bill. Now, that's one interpretation, you feel me. Now

610
00:32:21,200 --> 00:32:25,280
Speaker 1: here's where it gets super bonkers, right. You have this

611
00:32:25,360 --> 00:32:29,080
Speaker 1: system like this, like when we approve a budget, y'all

612
00:32:29,080 --> 00:32:32,400
Speaker 1: remember hearing all that stuff, like early on in any

613
00:32:32,440 --> 00:32:34,760
Speaker 1: presidential thing, they talk about approving the budget. What we're

614
00:32:34,760 --> 00:32:36,160
Speaker 1: gonna spend what we're gonna do this and they send

615
00:32:36,200 --> 00:32:37,880
Speaker 1: it these bills, and you got this Green the Bill,

616
00:32:37,920 --> 00:32:40,280
Speaker 1: back better Bill. You have all these things. You approve

617
00:32:40,440 --> 00:32:43,320
Speaker 1: this bill. The Congress says, boom, this is what we

618
00:32:43,360 --> 00:32:49,520
Speaker 1: want done. Right, So that's according to the law. The

619
00:32:49,520 --> 00:32:54,800
Speaker 1: president has to execute what y'all said to do, right.

620
00:32:55,560 --> 00:32:59,640
Speaker 1: But then the debt ceiling says, but you could only

621
00:32:59,680 --> 00:33:04,320
Speaker 1: do it with this amount of money, but you just

622
00:33:04,440 --> 00:33:07,520
Speaker 1: told me. So. Now the president has this mixed message.

623
00:33:07,600 --> 00:33:12,320
Speaker 1: It's like, do I either a fulfill what you told

624
00:33:12,320 --> 00:33:14,760
Speaker 1: me to do by these laws when you pass this budget,

625
00:33:15,440 --> 00:33:18,720
Speaker 1: or do I be don't do half the shit you

626
00:33:18,800 --> 00:33:22,000
Speaker 1: told me to do, or raise taxes. I don't because

627
00:33:22,480 --> 00:33:24,920
Speaker 1: how else am I gonna do what the I don't

628
00:33:24,960 --> 00:33:28,680
Speaker 1: There's no way to So it's this like it don't

629
00:33:28,680 --> 00:33:33,560
Speaker 1: make sense. In other words, Yo, Mama sends you to

630
00:33:33,640 --> 00:33:39,200
Speaker 1: the store to go buy bread a pack of cigarettes.

631
00:33:39,760 --> 00:33:41,920
Speaker 1: This is real long time ago, because you can't buy

632
00:33:41,920 --> 00:33:44,680
Speaker 1: no pack of cigarettes. But go buy bread, milk, a

633
00:33:44,720 --> 00:33:48,120
Speaker 1: pack of cigarettes, a case of cherios, and get yourself

634
00:33:48,120 --> 00:33:48,600
Speaker 1: some candy.

635
00:33:48,640 --> 00:33:50,040
Speaker 2: And she'd give you five dollars.

636
00:33:50,600 --> 00:33:56,400
Speaker 1: That's not enough money, mom, So either I don't buy

637
00:33:56,520 --> 00:34:00,480
Speaker 1: everything you said to buy, or I steal some of this,

638
00:34:01,440 --> 00:34:02,800
Speaker 1: or you give me more money.

639
00:34:03,600 --> 00:34:07,120
Speaker 2: But your mama say make it work? Like what am

640
00:34:07,160 --> 00:34:08,440
Speaker 2: I mom?

641
00:34:08,920 --> 00:34:09,040
Speaker 1: Like?

642
00:34:10,480 --> 00:34:13,919
Speaker 2: What am I supposed to do here?

643
00:34:15,520 --> 00:34:17,440
Speaker 1: And the answer is I don't know, because it's not

644
00:34:17,520 --> 00:34:22,000
Speaker 1: like it's not in the Congress's power to make the

645
00:34:22,000 --> 00:34:25,879
Speaker 1: president break a constitutional law to do what it said

646
00:34:25,960 --> 00:34:29,160
Speaker 1: is gonna do either way. So I don't know, at

647
00:34:29,239 --> 00:34:32,000
Speaker 1: least as of today. But I want to back up

648
00:34:32,000 --> 00:34:33,920
Speaker 1: to a bigger question I had, and I was like,

649
00:34:34,040 --> 00:34:37,879
Speaker 1: who the hell you borrow money from? How does that

650
00:34:38,640 --> 00:34:44,680
Speaker 1: what you're telling me our taxes aren't enough, which is

651
00:34:44,760 --> 00:34:47,480
Speaker 1: where if you're gonna talk about the talking points of

652
00:34:47,520 --> 00:34:50,759
Speaker 1: the Republicans on surface, you're like, yeah, that makes perfect sense.

653
00:34:50,800 --> 00:34:55,719
Speaker 1: It's like it's not enough, nigga, do we pay you

654
00:34:55,760 --> 00:35:01,680
Speaker 1: so much? I don't understand why where your money going to?

655
00:35:02,160 --> 00:35:04,719
Speaker 1: And why don't y'all know how to manage it?

656
00:35:05,560 --> 00:35:05,759
Speaker 2: Right?

657
00:35:06,120 --> 00:35:08,920
Speaker 1: I mean, that's a logical question to me, So let me,

658
00:35:09,040 --> 00:35:12,279
Speaker 1: let me, let me, let me dive into this. So, yes,

659
00:35:12,920 --> 00:35:16,319
Speaker 1: the money goes into our national treasury, right, and yeah,

660
00:35:16,360 --> 00:35:18,680
Speaker 1: part of that is our taxes, right, But our taxes

661
00:35:18,719 --> 00:35:21,439
Speaker 1: don't cover the amount of spending we have.

662
00:35:22,160 --> 00:35:22,719
Speaker 2: So what the.

663
00:35:22,680 --> 00:35:26,799
Speaker 1: Department of Treasury does is it borrows money to make

664
00:35:26,880 --> 00:35:28,960
Speaker 1: up the difference between spending and revenue.

665
00:35:29,400 --> 00:35:30,920
Speaker 2: Now, who do they borrow from.

666
00:35:32,560 --> 00:35:42,840
Speaker 1: It gets this the public, listen, the federal They borrow

667
00:35:42,920 --> 00:35:46,880
Speaker 1: money by issuing securities, bills, notes, and bonds through the

668
00:35:46,960 --> 00:35:51,120
Speaker 1: Treasury securities and they're super attractive because they're backed by

669
00:35:51,120 --> 00:35:52,840
Speaker 1: the full faith of the US government. So if you

670
00:35:52,840 --> 00:35:55,439
Speaker 1: go invest a little bread into the government, like y'all

671
00:35:55,520 --> 00:35:59,000
Speaker 1: run you, I'll buy this called bill or bond, which

672
00:35:59,080 --> 00:36:02,120
Speaker 1: again I can's it's enough. Money's made up, right, But

673
00:36:02,239 --> 00:36:05,560
Speaker 1: it's to make sure that there's money inside the bank.

674
00:36:05,880 --> 00:36:08,359
Speaker 1: How does a bank crash is when everybody takes day

675
00:36:08,400 --> 00:36:10,279
Speaker 1: money out at the same time because the money's not

676
00:36:10,520 --> 00:36:15,480
Speaker 1: really there, right, it's not actual money. It's worth floating,

677
00:36:16,400 --> 00:36:20,680
Speaker 1: you know, little beads around back and forth to pretend

678
00:36:20,800 --> 00:36:23,000
Speaker 1: like there's money there. That's how a bank crashes is

679
00:36:23,040 --> 00:36:25,319
Speaker 1: when everybody decides, nah, I think I'll take more money.

680
00:36:25,440 --> 00:36:26,960
Speaker 1: Then there's not enough to cover.

681
00:36:26,920 --> 00:36:27,560
Speaker 2: It, right.

682
00:36:27,960 --> 00:36:30,160
Speaker 1: So what the Feds do is they say, well, let

683
00:36:30,200 --> 00:36:31,960
Speaker 1: me loan out these bonds and be like, yo, we're

684
00:36:31,960 --> 00:36:34,839
Speaker 1: good for it. We've never defaulted on a loan. That's

685
00:36:34,920 --> 00:36:36,920
Speaker 1: that uncle when he say, I'm hold, I'm gonna hold

686
00:36:36,960 --> 00:36:40,160
Speaker 1: this till Tuesday. Don't that uncle not only give you

687
00:36:40,239 --> 00:36:42,320
Speaker 1: that twenty dollars back, but he give you twenty dollars

688
00:36:42,440 --> 00:36:45,640
Speaker 1: a case of corona and an extra ten for being

689
00:36:45,719 --> 00:36:49,440
Speaker 1: so cool to it? Right, So they borrow from the public.

690
00:36:49,840 --> 00:36:52,560
Speaker 1: But it's not like there's enough Americans to be able

691
00:36:52,640 --> 00:36:56,880
Speaker 1: to cover the amount of money we actually need to

692
00:36:56,960 --> 00:36:57,600
Speaker 1: run a government.

693
00:36:57,680 --> 00:36:58,759
Speaker 2: So who do we borrow from?

694
00:36:59,239 --> 00:37:00,960
Speaker 1: But I tell you what, before we even asked that,

695
00:37:01,160 --> 00:37:03,719
Speaker 1: maybe these boomers can't answer their own follow their own

696
00:37:03,760 --> 00:37:05,719
Speaker 1: advice to say, well, you're spending so much money on

697
00:37:05,800 --> 00:37:08,799
Speaker 1: avocado toast. Maybe if you're smarter with your monkey, well

698
00:37:08,840 --> 00:37:13,959
Speaker 1: maybe you don't need two air force ones. Maybe maybe

699
00:37:14,080 --> 00:37:18,000
Speaker 1: military weapons research doesn't need to be a trillion dollars.

700
00:37:19,960 --> 00:37:22,279
Speaker 1: I mean you, I mean you telling us maybe we

701
00:37:22,440 --> 00:37:25,040
Speaker 1: spending money on stuff that like, Okay, hold up, now,

702
00:37:26,960 --> 00:37:31,520
Speaker 1: the things I'm asking for is reasonable. I'm saying, I

703
00:37:32,080 --> 00:37:37,080
Speaker 1: look a drivable street. It seems to me seem like

704
00:37:37,680 --> 00:37:42,000
Speaker 1: that'd be more wise spending. It's all I'm saying. The

705
00:37:42,080 --> 00:37:44,200
Speaker 1: stuff you trying to cut is the stuff we kind

706
00:37:44,200 --> 00:37:46,160
Speaker 1: of need to survive. The stuff you're trying to keep

707
00:37:46,239 --> 00:37:48,680
Speaker 1: seems to me like you just protecting your own money.

708
00:37:48,719 --> 00:37:51,399
Speaker 1: So before you start telling me you understand what I'm saying.

709
00:37:51,400 --> 00:37:53,680
Speaker 1: Before you start telling us as young folks, we can't

710
00:37:53,680 --> 00:37:56,359
Speaker 1: buy no house because we buying too much on avocado coats,

711
00:37:56,400 --> 00:37:58,960
Speaker 1: Maybe you should understand inflation, my nigga, and maybe run

712
00:37:59,080 --> 00:38:06,160
Speaker 1: your own buddy better and follow your own advice. Now,

713
00:38:06,360 --> 00:38:09,399
Speaker 1: who you borrow money from? This is who we borrow from.

714
00:38:10,800 --> 00:38:14,800
Speaker 1: Check this out. This is according to the US Government

715
00:38:14,880 --> 00:38:20,200
Speaker 1: Accountability Office, more than seventy five percent of foreign holdings

716
00:38:20,400 --> 00:38:23,960
Speaker 1: of the US tragedy can be attributed to fifteen countries.

717
00:38:24,600 --> 00:38:28,200
Speaker 1: China excluding Hong Kong and Mancheu and Japan are the

718
00:38:28,320 --> 00:38:29,200
Speaker 1: largest holdings.

719
00:38:29,560 --> 00:38:33,280
Speaker 2: So we borrow money from other countries.

720
00:38:34,840 --> 00:38:38,160
Speaker 1: We borrow money from people we might potentially be a

721
00:38:38,280 --> 00:38:41,719
Speaker 1: war with. So do you think it's super important maybe

722
00:38:41,800 --> 00:38:45,120
Speaker 1: that we paid this money back? So when you when

723
00:38:45,600 --> 00:38:47,400
Speaker 1: when you like, I need you to think about this

724
00:38:47,520 --> 00:38:49,800
Speaker 1: for a second. What the hell kind of system is this?

725
00:38:50,040 --> 00:38:53,800
Speaker 1: We borrow money from other countries, not only that we

726
00:38:53,960 --> 00:38:55,040
Speaker 1: borrow from ourself.

727
00:38:55,680 --> 00:38:58,400
Speaker 2: So when we say in the government defaulting on their loans.

728
00:38:58,880 --> 00:39:02,479
Speaker 1: I used to think, okay, well how about this, let's

729
00:39:02,600 --> 00:39:06,759
Speaker 1: just print a trillion dollar coin, because remember, we print

730
00:39:06,800 --> 00:39:09,720
Speaker 1: our own money. It doesn't mean this is so stupid

731
00:39:10,080 --> 00:39:13,560
Speaker 1: right here you go, we meant the money. So here

732
00:39:14,120 --> 00:39:16,920
Speaker 1: everything's cool. Well, as we know, like we talked about before,

733
00:39:17,440 --> 00:39:20,400
Speaker 1: that would cause the stock market and inflation to because

734
00:39:20,400 --> 00:39:24,359
Speaker 1: that money means nothing, right because the money is going

735
00:39:24,520 --> 00:39:27,759
Speaker 1: back to us. I don't I does this make sense

736
00:39:27,800 --> 00:39:29,800
Speaker 1: to you? It don't make sense to me either. However,

737
00:39:29,920 --> 00:39:47,840
Speaker 1: this is where we are, so in conclusion. We are

738
00:39:47,920 --> 00:39:50,680
Speaker 1: in the part of the movie where Smokey is trying

739
00:39:50,680 --> 00:39:54,440
Speaker 1: to figure out how he gonna find this money for

740
00:39:54,560 --> 00:39:58,399
Speaker 1: Big Worm. So he asking to other people because he'd

741
00:39:58,400 --> 00:40:00,000
Speaker 1: had already smoked up all this stuff.

742
00:40:00,000 --> 00:40:02,759
Speaker 2: If you was supposed to sell, now he got to

743
00:40:02,840 --> 00:40:06,240
Speaker 2: have either the weed or the money. And he running

744
00:40:06,280 --> 00:40:08,120
Speaker 2: around and figuring out.

745
00:40:08,239 --> 00:40:11,279
Speaker 1: So the government has said you supposed to spend this much,

746
00:40:12,160 --> 00:40:14,320
Speaker 1: Well I spent it, but what you asked me to

747
00:40:14,440 --> 00:40:17,520
Speaker 1: do costs more than what you gave me money for,

748
00:40:17,840 --> 00:40:20,080
Speaker 1: so now I got to approve the thing, and we

749
00:40:20,360 --> 00:40:22,160
Speaker 1: just now you're like, well, no, you were supposed to

750
00:40:22,200 --> 00:40:25,239
Speaker 1: spend money on this and not on this. Well, I

751
00:40:25,320 --> 00:40:28,920
Speaker 1: don't know what the hell to do because Japan and

752
00:40:29,160 --> 00:40:34,000
Speaker 1: China is waiting for they check, and so are the

753
00:40:34,120 --> 00:40:38,120
Speaker 1: people that hold wealth in bonds in our own country.

754
00:40:38,280 --> 00:40:40,759
Speaker 1: And then what happens is if the stock market don't

755
00:40:40,920 --> 00:40:43,160
Speaker 1: like all this, then we fall into another recession, and

756
00:40:43,200 --> 00:40:45,600
Speaker 1: then your interest rates go up. So guess who end

757
00:40:45,719 --> 00:40:46,759
Speaker 1: up paying the debt?

758
00:40:47,000 --> 00:40:49,840
Speaker 2: Nigga, you got it? Oh man, I don't know what

759
00:40:49,920 --> 00:40:50,719
Speaker 2: the hell to tell you.

760
00:40:51,200 --> 00:40:56,800
Speaker 1: In conclusion, let us, as the voting constituents of the

761
00:40:57,000 --> 00:41:01,359
Speaker 1: u United States of America, look dog government and say,

762
00:41:02,320 --> 00:41:34,440
Speaker 1: I don't think you applying yourself smoky hood politics. You know,

763
00:41:35,960 --> 00:41:37,680
Speaker 1: I don't know why I ain't thought of this before,

764
00:41:38,040 --> 00:41:41,880
Speaker 1: but you know you could use promo code hood for

765
00:41:44,040 --> 00:41:48,239
Speaker 1: fifteen percent off on terraform coolbrew dot com. Like I

766
00:41:48,320 --> 00:41:52,680
Speaker 1: forgot I own that company and this is my pod. Y'all,

767
00:41:53,000 --> 00:41:55,759
Speaker 1: go ahead and punch your promo cod hood that you

768
00:41:55,840 --> 00:41:59,799
Speaker 1: in the cold brew gets you some cold brew, gonna

769
00:41:59,800 --> 00:42:02,640
Speaker 1: get get you some coffee. Yeah, Like, I can't believe,

770
00:42:02,680 --> 00:42:16,040
Speaker 1: I ain't think it is still right now, y'all, y'all,

771
00:42:16,120 --> 00:42:18,640
Speaker 1: This thing right here is recorded by me propaganda and

772
00:42:18,719 --> 00:42:24,880
Speaker 1: East Lows, Boil Heights, Los Angeles, California. This thing was mixed, edited, mastered,

773
00:42:25,000 --> 00:42:27,680
Speaker 1: and scored by the one and only Matt Awsowski.

774
00:42:27,880 --> 00:42:29,520
Speaker 2: Y'all check out this fool's music.

775
00:42:30,000 --> 00:42:34,239
Speaker 1: I mean it's incredible. Executive produced by Sophie Lichterman for

776
00:42:34,600 --> 00:42:38,600
Speaker 1: Cool Zone Media. Man, and thank you for everybody who

777
00:42:38,680 --> 00:42:41,040
Speaker 1: continue to tap in with us. Make sure you leaving

778
00:42:41,120 --> 00:42:44,040
Speaker 1: reviews and five star ratings and sharing it with the

779
00:42:44,120 --> 00:42:46,040
Speaker 1: hommies so we could get this thing pushed up in

780
00:42:46,120 --> 00:42:48,840
Speaker 1: the algorithm and listen. I just want to remind you

781
00:42:49,120 --> 00:42:51,600
Speaker 1: these people is not smarter than you. If you understand

782
00:42:51,719 --> 00:42:54,600
Speaker 1: city living, you understand politics. We'll see you next week.

783
00:43:00,640 --> 00:43:00,759
Speaker 1: Pe