1 00:00:02,000 --> 00:00:04,920 Speaker 1: Loaded show today, and I do mean loaded show. We're 2 00:00:04,960 --> 00:00:07,560 Speaker 1: going to talk about you being sandwiched. There's some ugly 3 00:00:07,600 --> 00:00:11,040 Speaker 1: news out there. Interest rates. We got Mike Slator, Brian 4 00:00:11,119 --> 00:00:24,320 Speaker 1: Dean Wright, all that's coming up on. I'm right. Stochastic terrorism. 5 00:00:24,400 --> 00:00:27,000 Speaker 1: I ever heard that term before. That's what you should 6 00:00:27,000 --> 00:00:31,200 Speaker 1: probably familiarize yourself with. Here's the actual Dictionary definition of 7 00:00:31,560 --> 00:00:36,200 Speaker 1: stochastic terrorism. The public demonization of a person or group 8 00:00:36,280 --> 00:00:39,559 Speaker 1: resulting in the incitement of a violent act which is 9 00:00:39,600 --> 00:00:45,199 Speaker 1: statistically probable, but whose specifics cannot be predicted. That's a 10 00:00:45,240 --> 00:00:46,800 Speaker 1: lot of words. That's a lot of big words. What 11 00:00:46,840 --> 00:00:49,839 Speaker 1: does it? What does that mean? Well, it's all around you. 12 00:00:49,880 --> 00:00:53,840 Speaker 1: It's happening right now in your country. You're the most 13 00:00:53,880 --> 00:00:56,680 Speaker 1: likely victim of it. So we should probably make sure 14 00:00:56,720 --> 00:01:00,400 Speaker 1: we understand exactly what is happening. It stuck about Joe 15 00:01:00,400 --> 00:01:04,640 Speaker 1: Biden for a second. Now. Also, let's understand Joe Biden 16 00:01:05,360 --> 00:01:10,319 Speaker 1: being a nasty, vindictive human being who treats other people 17 00:01:10,360 --> 00:01:13,520 Speaker 1: like crap. This is a new thing. This isn't a 18 00:01:13,600 --> 00:01:15,840 Speaker 1: twenty twenty two thing. I'll look at Joe with all 19 00:01:15,880 --> 00:01:19,160 Speaker 1: the dementia. He's really mean. Now, Joe Biden has a 20 00:01:19,160 --> 00:01:23,280 Speaker 1: long three decade plus political career where he has built 21 00:01:23,280 --> 00:01:28,880 Speaker 1: a reputation as being just a nasty, vindictive human being. Well, 22 00:01:28,959 --> 00:01:31,400 Speaker 1: that's bad news for us, because we're at a point 23 00:01:31,400 --> 00:01:35,319 Speaker 1: in time when that guy being president is about the 24 00:01:35,360 --> 00:01:39,039 Speaker 1: worst thing that could happen, because the bottom. Let's talk 25 00:01:39,040 --> 00:01:40,880 Speaker 1: about the bottom for a minute, because we talk about 26 00:01:40,880 --> 00:01:42,600 Speaker 1: being sandwich. They have us on the top, they have 27 00:01:42,680 --> 00:01:47,119 Speaker 1: us on the bottom. Biden the top, Antifa, Black Lives Matter, 28 00:01:47,280 --> 00:01:50,840 Speaker 1: all the endless vile street communist scum at the bottom, 29 00:01:51,320 --> 00:01:54,200 Speaker 1: the street communist scum at the bottom. And they've never 30 00:01:54,280 --> 00:01:58,120 Speaker 1: been more violence, and they've never felt like they have 31 00:01:58,320 --> 00:02:01,920 Speaker 1: more of a blank check to hurt you than they 32 00:02:01,960 --> 00:02:06,080 Speaker 1: do right now. And that's because of the top. You 33 00:02:06,160 --> 00:02:08,239 Speaker 1: remember Joe Biden when he got up and gave this 34 00:02:08,440 --> 00:02:14,920 Speaker 1: lovely speech as president respect to conservatives, like Federal Circuit 35 00:02:14,919 --> 00:02:20,560 Speaker 1: Court Judge Michael Legend has called Trump and the extreme 36 00:02:20,639 --> 00:02:27,240 Speaker 1: maggar Republicans quoted clear and present danger to our democracy. 37 00:02:28,280 --> 00:02:32,320 Speaker 1: While the threat to American democracy is real, I want 38 00:02:32,320 --> 00:02:36,120 Speaker 1: to say as clearly as we can, we are not 39 00:02:36,280 --> 00:02:40,560 Speaker 1: powerless in the face of these threats. We are not 40 00:02:40,680 --> 00:02:49,120 Speaker 1: bystanders in this ongoing attack on democracy, stochastic terrorism. And 41 00:02:49,240 --> 00:02:52,000 Speaker 1: you remember you remember in the wake of that speech 42 00:02:52,600 --> 00:02:54,800 Speaker 1: what I told you, you do remember what I told 43 00:02:54,800 --> 00:02:58,320 Speaker 1: you was going to happen, right, And so when you 44 00:02:58,320 --> 00:03:00,320 Speaker 1: get up there as president of the United States of 45 00:03:00,320 --> 00:03:03,880 Speaker 1: America and he's a fascist, he's evil, he's a threat 46 00:03:03,919 --> 00:03:08,080 Speaker 1: to America, what you're doing is you're sending the bat 47 00:03:08,120 --> 00:03:11,919 Speaker 1: signal up into the sky to the dregs of society 48 00:03:12,400 --> 00:03:15,560 Speaker 1: that it's open season on you, and you didn't make 49 00:03:15,600 --> 00:03:22,160 Speaker 1: sure you're ready to protect yourself. Sadly that turned out 50 00:03:22,200 --> 00:03:28,680 Speaker 1: to be accurate. Kaylor Ellingson eighteen year old kid gets 51 00:03:28,680 --> 00:03:31,640 Speaker 1: in some spat with some forty one year old piece 52 00:03:31,639 --> 00:03:36,320 Speaker 1: of trash communists, some political spat. The forty one year 53 00:03:36,320 --> 00:03:40,600 Speaker 1: old then gets in his suv. Apparently Kaylor called his 54 00:03:40,720 --> 00:03:43,120 Speaker 1: mom told him he was having an argument with this guy. 55 00:03:44,160 --> 00:03:46,400 Speaker 1: She didn't know that was last time she'd ever speak 56 00:03:46,440 --> 00:03:49,560 Speaker 1: to her boy again. Because the forty one year old 57 00:03:49,600 --> 00:03:53,400 Speaker 1: street communist, well, I mean, he found himself one of 58 00:03:53,400 --> 00:03:57,440 Speaker 1: the extremest Republicans who were a threat to democracy. So 59 00:03:57,520 --> 00:04:01,240 Speaker 1: he got in his suv and that poor kid down 60 00:04:02,480 --> 00:04:04,960 Speaker 1: and his parents will never sit around the Christmas tree 61 00:04:05,000 --> 00:04:10,160 Speaker 1: with him. Ever again, because of stochastic terrorism, you have 62 00:04:10,280 --> 00:04:12,760 Speaker 1: got to understand, you have got to be aware that 63 00:04:12,800 --> 00:04:16,640 Speaker 1: you are sandwiched. It goes way beyond Joe Biden, the 64 00:04:16,760 --> 00:04:20,520 Speaker 1: highest levels of power, Joe Biden, the FBI, federal government. 65 00:04:20,839 --> 00:04:25,239 Speaker 1: They continually label you an extremist, a fascist, a domestic terrorist, 66 00:04:25,320 --> 00:04:28,359 Speaker 1: a potential domestic terrorist, an enemy of the state, a 67 00:04:28,440 --> 00:04:31,960 Speaker 1: threat to democracy. That's what they say. This applies to 68 00:04:32,000 --> 00:04:35,280 Speaker 1: your mayor, probably your local DA. They think the same thing. 69 00:04:35,360 --> 00:04:38,599 Speaker 1: You're a pizza trash, You're an enemy of the state. Well, 70 00:04:39,200 --> 00:04:43,279 Speaker 1: the bottom feeders, the street communists. Please understand, there's enough 71 00:04:43,279 --> 00:04:48,120 Speaker 1: people with values that you would recognize. These are vile 72 00:04:48,240 --> 00:04:51,760 Speaker 1: human beings, almost always criminal records, nothing to live for 73 00:04:52,040 --> 00:04:56,839 Speaker 1: lifelong losers. When a lifelong loser who's a communist wakes 74 00:04:56,920 --> 00:04:58,640 Speaker 1: up in the morning and he hears the President of 75 00:04:58,720 --> 00:05:01,120 Speaker 1: the United States of a mayor Erica telling him their 76 00:05:01,240 --> 00:05:04,440 Speaker 1: enemies of the state, and then he happens to get 77 00:05:04,440 --> 00:05:07,039 Speaker 1: one of these extremists in his sights. But when he's 78 00:05:07,080 --> 00:05:10,200 Speaker 1: behind the wheel of an suv, he might just consider 79 00:05:10,320 --> 00:05:14,039 Speaker 1: himself the hero for mowing that person down and killing them. 80 00:05:14,760 --> 00:05:19,919 Speaker 1: Stochastic terrorism, it is inevitable now and realized this. And 81 00:05:20,040 --> 00:05:23,400 Speaker 1: this is the most important part. This isn't the end. 82 00:05:24,720 --> 00:05:28,120 Speaker 1: Nobody's waking up. Certainly. None of the communists on the top, 83 00:05:28,800 --> 00:05:32,800 Speaker 1: not one person, not one woke up and read the 84 00:05:32,839 --> 00:05:38,200 Speaker 1: news about Kayla Ellingson and said, ah, dang, that's on us, 85 00:05:38,480 --> 00:05:41,400 Speaker 1: you know what, we need to back off. Not one 86 00:05:41,480 --> 00:05:45,159 Speaker 1: person remember that statement Joe Biden made about it. Oh 87 00:05:45,240 --> 00:05:49,120 Speaker 1: you don't, because he didn't. They all woke up, everyone 88 00:05:49,120 --> 00:05:53,200 Speaker 1: in the media, Joe Biden, the government, the FBI, they 89 00:05:53,240 --> 00:05:56,200 Speaker 1: all woke up. They saw the news about Kayla Ellingson, 90 00:05:56,200 --> 00:06:00,360 Speaker 1: and you know what they did. They went nice. They 91 00:06:00,400 --> 00:06:04,240 Speaker 1: want you dead or they want you scared. Either way, 92 00:06:04,560 --> 00:06:07,159 Speaker 1: they want you to shut up and stop worrying about 93 00:06:07,160 --> 00:06:10,440 Speaker 1: your freedoms. And if you don't do that, if you 94 00:06:10,560 --> 00:06:15,400 Speaker 1: don't bend the knee, if you don't comply, they're totally fine. 95 00:06:15,440 --> 00:06:18,120 Speaker 1: If one of the vile bottom feeders murders you, they'll 96 00:06:18,160 --> 00:06:20,919 Speaker 1: sweat off their back. Again. We're not dealing with human 97 00:06:21,000 --> 00:06:24,280 Speaker 1: beings who have values you would recognize. They don't look 98 00:06:24,279 --> 00:06:26,840 Speaker 1: at your life, the life of your husband, your wife, 99 00:06:26,920 --> 00:06:29,599 Speaker 1: your child, and they don't place any value on it 100 00:06:29,640 --> 00:06:34,359 Speaker 1: at all. You're simply in the way, and that brings 101 00:06:34,440 --> 00:06:36,720 Speaker 1: us to something else. When it comes to being sandwiched. 102 00:06:37,000 --> 00:06:40,120 Speaker 1: New York ag Latitia James made a little announcement yesterday. 103 00:06:41,640 --> 00:06:46,599 Speaker 1: The complaint demonstrates that Donald Trump falsely inflated his net 104 00:06:46,640 --> 00:06:53,160 Speaker 1: worth by billions of dollars to unjustly enrich himself and 105 00:06:53,240 --> 00:06:58,560 Speaker 1: to cheat this system, thereby cheating all of us. He 106 00:06:58,680 --> 00:07:01,960 Speaker 1: did this with the help of the other defendants, his children, 107 00:07:03,600 --> 00:07:12,440 Speaker 1: Donald Trump Junior, Ivanka Trump, and Eric Trump. Donald Trump 108 00:07:12,440 --> 00:07:15,440 Speaker 1: has got to be the most politically persecuted human being, 109 00:07:16,200 --> 00:07:19,600 Speaker 1: maybe in the history of this country. But understand what's 110 00:07:19,600 --> 00:07:24,680 Speaker 1: happening right now. Please take a thirty thousand foot view 111 00:07:24,680 --> 00:07:27,680 Speaker 1: of things. If you make this all about Trump, you're 112 00:07:27,720 --> 00:07:31,560 Speaker 1: going to miss where we're at and where we're going. 113 00:07:32,320 --> 00:07:37,520 Speaker 1: You're sandwiched. They own the entire administrative state, including the DOJ, 114 00:07:38,160 --> 00:07:43,880 Speaker 1: a corrupt, rotted system. It fears system disruptors. That's what 115 00:07:43,920 --> 00:07:48,040 Speaker 1: Trump was. That's why they're trying to utterly destroy him. There. 116 00:07:48,120 --> 00:07:51,200 Speaker 1: It's a civil suit with Letitia James, it's an FBI 117 00:07:51,360 --> 00:07:55,440 Speaker 1: raid with the Feds. It's they're trying to smash Trump 118 00:07:55,800 --> 00:07:59,120 Speaker 1: because he is the one they viewed as being a 119 00:07:59,240 --> 00:08:03,120 Speaker 1: threat to all the rotted things they're doing in the government. 120 00:08:03,240 --> 00:08:06,640 Speaker 1: They'll smash Trump, and the second a new guy pops up, 121 00:08:06,680 --> 00:08:10,320 Speaker 1: whoever that new guy happens to be, they'll smash him too. 122 00:08:10,640 --> 00:08:13,480 Speaker 1: And then the next guy, they'll smash him too. If 123 00:08:13,480 --> 00:08:16,400 Speaker 1: you allow yourself to believe the media and some of 124 00:08:16,440 --> 00:08:19,080 Speaker 1: the weeenies we have on the right wall, it's about Trump. 125 00:08:19,080 --> 00:08:22,000 Speaker 1: He's a loose cannon. It's a Trump says crazy things. 126 00:08:22,120 --> 00:08:25,520 Speaker 1: If you allow yourself to believe that, you will miss 127 00:08:25,560 --> 00:08:29,320 Speaker 1: the fact. It's about the system. It's about a corrupt, 128 00:08:29,720 --> 00:08:33,920 Speaker 1: rotted system that is weaponized against you. It's so much 129 00:08:34,160 --> 00:08:37,920 Speaker 1: bigger than Trump, so much bigger than Trump. And speaking 130 00:08:37,960 --> 00:08:41,280 Speaker 1: of Trump, you know my position on the primary for 131 00:08:41,360 --> 00:08:44,480 Speaker 1: twenty twenty four. Everyone's are you a heavy D guy? 132 00:08:44,559 --> 00:08:49,000 Speaker 1: You're a Trump guy. I don't waive anybody's palm palms. 133 00:08:49,559 --> 00:08:52,720 Speaker 1: I don't wear anybody's pajamas. I want them both to 134 00:08:52,760 --> 00:08:55,720 Speaker 1: get in there and have a good fight. I have 135 00:08:55,760 --> 00:09:00,400 Speaker 1: a big, nasty, divisive fight because I believe it will 136 00:09:00,400 --> 00:09:03,880 Speaker 1: make whoever the winner is a lot better. Go prove 137 00:09:03,960 --> 00:09:06,240 Speaker 1: to me you could win a primary. Go prove to 138 00:09:06,280 --> 00:09:09,520 Speaker 1: me you can fundraise in all fifty states, organize, get 139 00:09:09,559 --> 00:09:12,880 Speaker 1: a good campaign team going, your work on your social media. 140 00:09:12,960 --> 00:09:17,040 Speaker 1: Fund right, these things are critical to being president of 141 00:09:17,040 --> 00:09:20,440 Speaker 1: the United States. Go defend your ideas on the stage. 142 00:09:20,600 --> 00:09:25,160 Speaker 1: Go up there and do it. And I don't care 143 00:09:25,200 --> 00:09:27,600 Speaker 1: which one of them wins, because the best one will win. 144 00:09:28,120 --> 00:09:30,480 Speaker 1: That's how I've looked at it. But I do have 145 00:09:30,559 --> 00:09:34,160 Speaker 1: a question, and the question is a valid question. I 146 00:09:34,200 --> 00:09:38,720 Speaker 1: don't care whose pom poms you wave, who is going 147 00:09:38,800 --> 00:09:42,240 Speaker 1: to surround Donald Trump next time? Because Donald Trump was 148 00:09:42,280 --> 00:09:46,000 Speaker 1: an excellent president who had excellent ideas while he was 149 00:09:46,000 --> 00:09:49,920 Speaker 1: an excellent president until COVID, But the people Donald Trump 150 00:09:50,000 --> 00:09:54,040 Speaker 1: surrounded himself with were the biggest bunch of weapons grade 151 00:09:54,080 --> 00:09:57,439 Speaker 1: losers I've ever seen in my life. And they kneecapped 152 00:09:57,640 --> 00:10:00,560 Speaker 1: his agenda, the agenda you loved that I loved. They 153 00:10:00,640 --> 00:10:03,800 Speaker 1: kneecapped it every step of the way. And maybe the worst, 154 00:10:04,040 --> 00:10:07,840 Speaker 1: the absolute worst offender at that as Jared Kushner. And 155 00:10:07,880 --> 00:10:10,240 Speaker 1: I've got to ask if Donald Trump's going to win 156 00:10:10,280 --> 00:10:12,160 Speaker 1: that primary, and he probably is, is the most popular 157 00:10:12,160 --> 00:10:15,439 Speaker 1: Republican in the country, is this human being once again 158 00:10:15,520 --> 00:10:18,880 Speaker 1: going to be in the White House kneecapping the agenda. 159 00:10:20,120 --> 00:10:22,640 Speaker 1: I also, we have to remember these are human beings, 160 00:10:22,640 --> 00:10:25,240 Speaker 1: they're people, so seeing them being used as political pawns 161 00:10:25,280 --> 00:10:27,959 Speaker 1: one way or the other is very troubling to me. 162 00:10:30,400 --> 00:10:33,680 Speaker 1: Talk about heavy d holiday illegals to Martha's vineyard, that 163 00:10:33,800 --> 00:10:37,480 Speaker 1: was very troubling to him. I need to know is 164 00:10:37,520 --> 00:10:39,720 Speaker 1: that human being going to be within five hundred miles 165 00:10:39,760 --> 00:10:42,360 Speaker 1: at the White House again? Because we've had Trump person 166 00:10:42,400 --> 00:10:45,080 Speaker 1: after Trump person after Trump person come out and say 167 00:10:45,160 --> 00:10:48,760 Speaker 1: that human being kneecapped the agenda and the presidency you 168 00:10:48,840 --> 00:10:50,959 Speaker 1: loved and I loved. I want to know if he's 169 00:10:50,960 --> 00:10:53,080 Speaker 1: going to be there again. And that's a valid question 170 00:10:53,120 --> 00:10:55,920 Speaker 1: to ask. All that may have made you uncomfortable. It 171 00:10:55,920 --> 00:11:00,440 Speaker 1: probably did, But I'm right now we're gonna talk about 172 00:11:00,480 --> 00:11:04,400 Speaker 1: inflation and what do all these numbers mean? Point seven 173 00:11:04,559 --> 00:11:07,920 Speaker 1: five bps? And there's a lot to discuss. We'll discussed 174 00:11:07,920 --> 00:11:12,040 Speaker 1: that in a moment. Before we discuss that, let's discuss 175 00:11:12,040 --> 00:11:16,480 Speaker 1: how your home smells. I know you keep a clean home. 176 00:11:16,520 --> 00:11:20,080 Speaker 1: I'm not accusing you otherwise, but how does it smell? 177 00:11:21,200 --> 00:11:25,040 Speaker 1: You know, your homes gather smells over time. Pets, cooking, 178 00:11:25,600 --> 00:11:29,480 Speaker 1: human beings soaks into the walls, soaks into the floors, snatching. 179 00:11:30,520 --> 00:11:34,080 Speaker 1: You know Eden Pure thunderstorms. You know they take the 180 00:11:34,160 --> 00:11:38,480 Speaker 1: odors out of the air. They take the odor out 181 00:11:38,480 --> 00:11:40,800 Speaker 1: of the air. They don't cover it up. If you 182 00:11:40,840 --> 00:11:43,040 Speaker 1: buy an Eden Pure Thunderstorm and you go plug it 183 00:11:43,080 --> 00:11:45,440 Speaker 1: in your bedroom and you walk away, I know because 184 00:11:45,440 --> 00:11:46,839 Speaker 1: I did this. You walked away and come back. In 185 00:11:46,920 --> 00:11:50,280 Speaker 1: an hour, you'll walk in your room and almost be 186 00:11:50,320 --> 00:11:53,680 Speaker 1: able to taste how clean the air is. They have 187 00:11:53,720 --> 00:11:56,360 Speaker 1: a three pack for sale for my viewers because I 188 00:11:56,360 --> 00:11:58,120 Speaker 1: own three of them now actually own six of them. 189 00:11:58,160 --> 00:11:59,760 Speaker 1: I have three in the studio and three at home. 190 00:12:00,080 --> 00:12:04,280 Speaker 1: But free pack for sale for you. Go to Eden 191 00:12:04,480 --> 00:12:09,120 Speaker 1: Pure deals dot com. Code jesse gets you a three 192 00:12:09,200 --> 00:12:13,280 Speaker 1: pack two hundred dollars off. That's a three pack for 193 00:12:13,440 --> 00:12:18,360 Speaker 1: under two hundred bucks. Eden Pure deals dot com code Jesse. 194 00:12:18,800 --> 00:12:26,080 Speaker 1: You will not regret it. We'll be back. Each morning, 195 00:12:26,200 --> 00:12:29,200 Speaker 1: the President of the United States receives a highly classified 196 00:12:29,240 --> 00:12:32,240 Speaker 1: briefing on the most important issues facing the country. It's 197 00:12:32,240 --> 00:12:35,760 Speaker 1: called the President's Daily Brief, or PDB. It's delivered by 198 00:12:35,800 --> 00:12:38,960 Speaker 1: America's spies and analysts. Well, now you can hear your 199 00:12:39,080 --> 00:12:42,280 Speaker 1: very own PDB in the form of a podcast hosted 200 00:12:42,280 --> 00:12:45,959 Speaker 1: by me Brian Dean Wright, a former CIA operations officer. 201 00:12:46,320 --> 00:12:49,000 Speaker 1: Each morning at six am Eastern, I'll bring you fifteen 202 00:12:49,040 --> 00:12:51,800 Speaker 1: to twenty minutes of the most important issues facing the country, 203 00:12:52,040 --> 00:12:55,439 Speaker 1: giving you the critical intelligence and analysis you need to 204 00:12:55,440 --> 00:13:10,079 Speaker 1: start your morning. The FOMC raised its policy interest rate 205 00:13:10,120 --> 00:13:13,320 Speaker 1: by three quarters of a percentage point, and we anticipate 206 00:13:13,360 --> 00:13:17,840 Speaker 1: that ongoing increases will be appropriate. We are moving our 207 00:13:17,880 --> 00:13:21,000 Speaker 1: policy stance purposefully to a level that will be sufficiently 208 00:13:21,000 --> 00:13:27,160 Speaker 1: restrictive to return inflation to two percent. Joining me now, 209 00:13:27,280 --> 00:13:30,800 Speaker 1: John Carney joins us often bribe Bart News and Finance 210 00:13:30,840 --> 00:13:34,720 Speaker 1: and Economics reporter to explain all those big words. Okay, John, 211 00:13:35,520 --> 00:13:39,680 Speaker 1: I saw these headlines Yesterday's three quarters of a percentage 212 00:13:39,720 --> 00:13:43,280 Speaker 1: point point seven five bps. That sounds like a blood 213 00:13:43,320 --> 00:13:45,840 Speaker 1: pressure reading to me. I don't understand what's he talking about. 214 00:13:45,840 --> 00:13:48,520 Speaker 1: What are these words mean to me? So the FED 215 00:13:48,880 --> 00:13:52,360 Speaker 1: is raising their interest rate target by three quarters of 216 00:13:52,400 --> 00:13:54,880 Speaker 1: a percentage find a basis point is one percent of 217 00:13:54,880 --> 00:13:58,520 Speaker 1: one percent. So what they're doing is this is the 218 00:13:58,640 --> 00:14:00,320 Speaker 1: third time in a row that they've done on a 219 00:14:00,480 --> 00:14:04,280 Speaker 1: three quarters of a percentage point hike, which are is 220 00:14:04,400 --> 00:14:08,320 Speaker 1: really large they haven't hiked that much since nineteen ninety 221 00:14:08,360 --> 00:14:11,480 Speaker 1: four until the current cycle. Traditionally they would move it 222 00:14:11,559 --> 00:14:14,240 Speaker 1: up by twenty five basis points, so a quarter of 223 00:14:14,240 --> 00:14:17,800 Speaker 1: a point or fifty basis points. What they've decided is 224 00:14:17,840 --> 00:14:21,360 Speaker 1: they need to move more aggressively on interest rates because 225 00:14:21,520 --> 00:14:26,720 Speaker 1: inflation is so high. Okay, now, how am I supposed 226 00:14:26,720 --> 00:14:29,000 Speaker 1: to interpret this? John? As far you mentioned it's an 227 00:14:29,000 --> 00:14:33,920 Speaker 1: inflation movement, obviously it is. Are they worried inflation it's 228 00:14:33,920 --> 00:14:36,520 Speaker 1: about to get worse? It's already really bad. Is this 229 00:14:36,560 --> 00:14:40,040 Speaker 1: a signal for that they're concerned about the future? Is 230 00:14:40,040 --> 00:14:42,360 Speaker 1: this what has already happened? How am I supposed to 231 00:14:42,360 --> 00:14:45,560 Speaker 1: interpret this? It isn't concern about the future, not that 232 00:14:45,720 --> 00:14:49,120 Speaker 1: inflation is going to get worse. But remember the Fed believed, 233 00:14:49,280 --> 00:14:52,560 Speaker 1: just like the White House, that this inflation was transitory, 234 00:14:52,640 --> 00:14:55,520 Speaker 1: that it was going to go away, fade on its own. 235 00:14:55,800 --> 00:14:59,000 Speaker 1: It was all supply trains driven. This was a mistake. 236 00:14:59,080 --> 00:15:03,680 Speaker 1: It's not. Inflation has become more entrenched and more widespread 237 00:15:03,680 --> 00:15:06,640 Speaker 1: in our economy. It has been fed by the massive 238 00:15:06,680 --> 00:15:09,480 Speaker 1: amounts of spending that we've had. So it wasn't just 239 00:15:09,600 --> 00:15:12,600 Speaker 1: supply chain problems. It was the fact that we introduced 240 00:15:12,600 --> 00:15:16,200 Speaker 1: another six trillion dollars of government spending into the economy. 241 00:15:16,320 --> 00:15:18,680 Speaker 1: If you do that, you will get inflation. So what 242 00:15:18,760 --> 00:15:22,680 Speaker 1: the Fed is saying now is, Okay, we realized we 243 00:15:22,760 --> 00:15:25,960 Speaker 1: messed up. It wasn't transitory. We thought inflation would be 244 00:15:26,000 --> 00:15:29,120 Speaker 1: a lot lower today than it is now. So we 245 00:15:29,160 --> 00:15:33,840 Speaker 1: are going to have to rank, you know, increase interest 246 00:15:33,960 --> 00:15:37,880 Speaker 1: rates up to a level where it starts to actually 247 00:15:37,920 --> 00:15:42,280 Speaker 1: restrict the economy, where it starts to constrain economic growth, 248 00:15:42,280 --> 00:15:45,720 Speaker 1: It constraints demand for labor, meaning people will get laid off. 249 00:15:46,000 --> 00:15:48,720 Speaker 1: The Fed is aiming to bring down home prices. It 250 00:15:48,760 --> 00:15:51,400 Speaker 1: wants stock prices to be down. It wants more people 251 00:15:51,400 --> 00:15:54,120 Speaker 1: to be unemployed. And it doesn't want those because it's 252 00:15:54,200 --> 00:15:56,240 Speaker 1: they're a bunch of you guys. It wants it because 253 00:15:56,280 --> 00:15:58,360 Speaker 1: they think this is what they need to do to 254 00:15:58,400 --> 00:16:07,120 Speaker 1: get inflation down. Okay, are they still printing money? Well, unfortunately, 255 00:16:07,520 --> 00:16:10,560 Speaker 1: we just had the Biden administration to say, you know what, 256 00:16:10,800 --> 00:16:13,440 Speaker 1: we're going to forgive on our own around, you know, 257 00:16:13,760 --> 00:16:17,120 Speaker 1: a couple hundred billion dollars of student loan debt. That's 258 00:16:17,160 --> 00:16:21,160 Speaker 1: an inflationary move. We passed the inflation Reduction Act, which 259 00:16:21,240 --> 00:16:24,320 Speaker 1: is actually does the opposite. It is inflationary at least 260 00:16:24,320 --> 00:16:27,520 Speaker 1: for the next couple of years. Any deflationary effect it 261 00:16:27,560 --> 00:16:30,200 Speaker 1: has will come years and years from now, too late 262 00:16:30,240 --> 00:16:32,960 Speaker 1: to help us at all. So we've got this problem 263 00:16:33,040 --> 00:16:38,800 Speaker 1: of NonStop spending. When you spend this much money, trillions 264 00:16:38,840 --> 00:16:42,000 Speaker 1: of dollars pushed into the economy, then you will get inflation. 265 00:16:42,400 --> 00:16:46,040 Speaker 1: And we're not doing anything on the fiscal side to 266 00:16:46,600 --> 00:16:50,040 Speaker 1: stop spending. And until we do that, the FED is 267 00:16:50,360 --> 00:16:52,680 Speaker 1: it actually makes their job harder, and it means that 268 00:16:52,720 --> 00:16:55,880 Speaker 1: we're going to have higher and higher interest rates because 269 00:16:55,920 --> 00:17:00,520 Speaker 1: we keep spending too much. Okay, what the I don't 270 00:17:00,680 --> 00:17:02,240 Speaker 1: I don't mean to be doom and gloom guy joh, 271 00:17:02,760 --> 00:17:06,640 Speaker 1: but that sounds like a problem that is without end, 272 00:17:06,880 --> 00:17:09,680 Speaker 1: Washington is never going to stop spending. They're never going 273 00:17:09,720 --> 00:17:13,120 Speaker 1: to stop printing money. So we're going to see never 274 00:17:13,240 --> 00:17:15,800 Speaker 1: ending interest rates until they're one hundred percent. How does that? 275 00:17:15,840 --> 00:17:18,480 Speaker 1: How does this? How does this ride end? Well? So 276 00:17:18,600 --> 00:17:20,640 Speaker 1: that's a good question. A lot of people think that 277 00:17:20,680 --> 00:17:24,120 Speaker 1: the Fed will get inflation under control pretty early next year. 278 00:17:24,600 --> 00:17:27,840 Speaker 1: I think that's way too optimistic given the spending problems. 279 00:17:27,880 --> 00:17:31,440 Speaker 1: It could be if we get Republicans elected into Congress 280 00:17:31,440 --> 00:17:34,080 Speaker 1: that we won't. We will no longer be in danger 281 00:17:34,119 --> 00:17:38,840 Speaker 1: of unending spending if Republicans actually are able to control 282 00:17:38,920 --> 00:17:43,080 Speaker 1: themselves and not spend. That's not always clear, but I 283 00:17:43,160 --> 00:17:47,199 Speaker 1: think the gridlock in Washington will help bring down the 284 00:17:47,320 --> 00:17:50,280 Speaker 1: spending a little bit, and that will help the Fed 285 00:17:50,440 --> 00:17:54,199 Speaker 1: in its attempt to break down inflation. But Brantley, I 286 00:17:54,200 --> 00:17:57,080 Speaker 1: don't think we're going to get back to a normal, 287 00:17:57,280 --> 00:18:02,399 Speaker 1: healthy level of inflation two percent until probably twenty twenty five. 288 00:18:02,600 --> 00:18:04,600 Speaker 1: So this is going to be a long road of 289 00:18:04,760 --> 00:18:07,480 Speaker 1: high rates, and it's going to take us and take 290 00:18:07,520 --> 00:18:09,480 Speaker 1: a lot of economic pain to get there. I think 291 00:18:09,480 --> 00:18:13,200 Speaker 1: we have to see unemployment go above five percent, and 292 00:18:13,359 --> 00:18:16,040 Speaker 1: that means a lot of people losing their jobs, and 293 00:18:16,080 --> 00:18:20,400 Speaker 1: that's not going to be painless. No, that's okay. I've 294 00:18:20,440 --> 00:18:22,480 Speaker 1: got to ask another dumb question on this junk. So 295 00:18:22,560 --> 00:18:24,720 Speaker 1: I just want to know how it applies to people's lives. 296 00:18:24,720 --> 00:18:28,040 Speaker 1: So you're telling me the money I have in my 297 00:18:28,160 --> 00:18:33,760 Speaker 1: bank account is going to slowly but surely lose value 298 00:18:34,040 --> 00:18:36,960 Speaker 1: until the year twenty twenty five, that it's going to 299 00:18:36,960 --> 00:18:39,320 Speaker 1: be worth even less by twenty twenty five, than it 300 00:18:39,359 --> 00:18:41,280 Speaker 1: is now. Is that what you're telling me, Yeah, that's 301 00:18:41,280 --> 00:18:45,240 Speaker 1: exactly right. Not only that your stock portfolio is likely 302 00:18:45,320 --> 00:18:48,639 Speaker 1: to go down, your home value is likely to go down. 303 00:18:49,200 --> 00:18:53,240 Speaker 1: And the financing for everything you want from cars too, 304 00:18:53,280 --> 00:18:55,080 Speaker 1: if you want to, you know, buy a new home 305 00:18:55,320 --> 00:18:57,080 Speaker 1: is going to be a lot more expensive. Your credit 306 00:18:57,080 --> 00:18:58,639 Speaker 1: card rates are going to go up, So it is 307 00:18:58,680 --> 00:19:03,359 Speaker 1: going to be a few years ahead economically, John, That 308 00:19:03,520 --> 00:19:06,200 Speaker 1: sounds like a great depression, or at least a severe 309 00:19:06,400 --> 00:19:11,400 Speaker 1: recession to me, is that over the top. How severe 310 00:19:11,480 --> 00:19:14,280 Speaker 1: we are going to have a recession? How severe it's 311 00:19:14,320 --> 00:19:17,040 Speaker 1: going to get, we'll see. I mean to put a 312 00:19:17,359 --> 00:19:22,080 Speaker 1: slightly silver lining on this. Five percent unemployment is high 313 00:19:22,160 --> 00:19:25,080 Speaker 1: compared to what we've had for the last few years, 314 00:19:25,400 --> 00:19:31,040 Speaker 1: not counting the extreme liftoff in the pandemic, but it's low. Historically, 315 00:19:31,119 --> 00:19:35,080 Speaker 1: we've had around five percent unemployment in times that Warner recession. 316 00:19:35,320 --> 00:19:38,120 Speaker 1: So if we only get to five point five five 317 00:19:38,400 --> 00:19:42,640 Speaker 1: six percent unemployment, it will feel bad compared to where 318 00:19:42,640 --> 00:19:47,400 Speaker 1: we've been, but it won't be that bad historically. And frankly, 319 00:19:47,520 --> 00:19:50,000 Speaker 1: the cost of inflation, as you were saying, which just 320 00:19:50,080 --> 00:19:53,600 Speaker 1: erases people's savings, is too much and if we need 321 00:19:53,640 --> 00:19:57,720 Speaker 1: to bear pain on the unemployment side. Unfortunately, I think 322 00:19:57,800 --> 00:20:01,440 Speaker 1: that's what we need to do. Man, that's an ugly 323 00:20:01,560 --> 00:20:04,560 Speaker 1: trade off. Okay, home prices. I keep seeing home prices 324 00:20:04,600 --> 00:20:07,320 Speaker 1: are dropping. Seven months in Arrow, home prices are dropping. 325 00:20:07,440 --> 00:20:09,240 Speaker 1: Now I would like the value of my home to 326 00:20:09,280 --> 00:20:12,000 Speaker 1: go up, but I'm glad homes are becoming more affordable 327 00:20:12,040 --> 00:20:14,560 Speaker 1: to other people. Is as good news? Is it bad news? 328 00:20:14,560 --> 00:20:18,080 Speaker 1: What is this? So? The problem is homes aren't really 329 00:20:18,119 --> 00:20:21,680 Speaker 1: becoming more affordable because the mortgage is going up so 330 00:20:21,760 --> 00:20:25,240 Speaker 1: much that people are still not able to afford a home. 331 00:20:25,320 --> 00:20:27,679 Speaker 1: Before it was because mops were too expensive. Now the 332 00:20:27,720 --> 00:20:30,639 Speaker 1: mortgage rate is so much that they're not more affordable 333 00:20:30,640 --> 00:20:32,879 Speaker 1: because the affordability has you know, it's both sides, the 334 00:20:32,920 --> 00:20:37,560 Speaker 1: price and the mortgage rate, so affordability isn't increasing. That's 335 00:20:37,560 --> 00:20:40,919 Speaker 1: actually one of the reasons home prices are going down 336 00:20:41,040 --> 00:20:44,200 Speaker 1: and are probably going to go down. Not a lot, 337 00:20:44,240 --> 00:20:46,520 Speaker 1: but you know, we're going to see a significant downdraft 338 00:20:46,760 --> 00:20:50,240 Speaker 1: because in order for homes to sell, people are going 339 00:20:50,280 --> 00:20:53,840 Speaker 1: to have to lower their price. They're not going to 340 00:20:53,880 --> 00:20:55,919 Speaker 1: be happy about that, but I don't think it's going 341 00:20:55,960 --> 00:20:58,320 Speaker 1: to be a disaster. We had a huge run up 342 00:20:58,359 --> 00:21:01,720 Speaker 1: in prices. When you have twenty percent year after year 343 00:21:01,960 --> 00:21:05,960 Speaker 1: in home price appreciation, you're pretty much guaranteeing that either 344 00:21:06,040 --> 00:21:09,760 Speaker 1: you'll have the prices go flat for a long time, 345 00:21:10,480 --> 00:21:12,200 Speaker 1: or they're going to go down for a little while, 346 00:21:12,200 --> 00:21:15,080 Speaker 1: because what you've done is you've smuggled all the appreciation 347 00:21:15,119 --> 00:21:17,280 Speaker 1: that was going to happen two or three or four 348 00:21:17,359 --> 00:21:19,600 Speaker 1: years from now and put it in years one and two. 349 00:21:19,960 --> 00:21:22,680 Speaker 1: So I think you know, nobody likes to see their 350 00:21:22,680 --> 00:21:25,560 Speaker 1: home value go down, but it's at this point it's 351 00:21:25,640 --> 00:21:29,280 Speaker 1: pretty inevitable. And like I said, you're really just taking 352 00:21:29,359 --> 00:21:31,640 Speaker 1: back some of the gains we saw over the last 353 00:21:31,640 --> 00:21:35,960 Speaker 1: few years. John Carney, thank you so much. But my 354 00:21:36,040 --> 00:21:41,120 Speaker 1: man come back soon. Thanks for having me, all right, 355 00:21:41,520 --> 00:21:44,000 Speaker 1: My man, Mike Slater joins us next. He's got something 356 00:21:44,040 --> 00:21:46,320 Speaker 1: new coming out. I think you enjoy it. Before we 357 00:21:46,359 --> 00:21:49,920 Speaker 1: get to that. Let's get to this. Put your money 358 00:21:49,960 --> 00:21:51,720 Speaker 1: where your morals are. You've heard me say it a 359 00:21:51,760 --> 00:21:54,080 Speaker 1: thousand times. Actually stole that line from my wife. I 360 00:21:54,080 --> 00:21:55,639 Speaker 1: should let you know, but you've heard me say it 361 00:21:55,680 --> 00:21:59,160 Speaker 1: a thousand times. It's something we've been terrible at, myself included. 362 00:21:59,200 --> 00:22:02,320 Speaker 1: I'm not pointing for we go. We have these horrible 363 00:22:02,320 --> 00:22:04,919 Speaker 1: corporations who just dump on our values and we just 364 00:22:04,960 --> 00:22:07,600 Speaker 1: go out. We just we pay them for it. We're 365 00:22:07,640 --> 00:22:09,760 Speaker 1: funding all this crap you see on TV all over 366 00:22:09,800 --> 00:22:13,240 Speaker 1: the place, the movies to everything. But what do you do? 367 00:22:13,280 --> 00:22:15,159 Speaker 1: You got to live your life. You need goods and 368 00:22:15,240 --> 00:22:18,440 Speaker 1: services as part of your survival in this country. So 369 00:22:18,520 --> 00:22:22,920 Speaker 1: where do you shop? Don't ask me? Ask public sq 370 00:22:24,160 --> 00:22:26,720 Speaker 1: right there in your app store. They will tell you 371 00:22:26,800 --> 00:22:30,760 Speaker 1: which businesses share and don't share your values. You need 372 00:22:30,800 --> 00:22:34,000 Speaker 1: to go out and buy something. Public sq will tell 373 00:22:34,040 --> 00:22:37,600 Speaker 1: you where you should go. It is the tool. Someone 374 00:22:37,600 --> 00:22:41,600 Speaker 1: should start a list. Someone did. Public sq has the 375 00:22:41,640 --> 00:22:44,919 Speaker 1: list and it's expanding every day. It is your tool. 376 00:22:45,520 --> 00:22:49,000 Speaker 1: Public sq. It's in your app store. Go download it 377 00:22:49,040 --> 00:22:51,280 Speaker 1: and enjoy. Put your money where your morals are. We'll 378 00:22:51,280 --> 00:23:03,000 Speaker 1: be back. There's a new podcast out there. I don't 379 00:23:03,160 --> 00:23:05,680 Speaker 1: I get emails all the time, Jesse? What podcast should 380 00:23:05,680 --> 00:23:08,800 Speaker 1: listen to? What podcast should listen to? Mike Slater has 381 00:23:08,840 --> 00:23:13,880 Speaker 1: one little historical biblical perspective on things. Mike. First of all, 382 00:23:14,320 --> 00:23:17,360 Speaker 1: what's the name of this new podcast? At yours man? 383 00:23:17,400 --> 00:23:21,719 Speaker 1: I'm grateful for you, Jesse. Politics by Faith with Mike 384 00:23:21,800 --> 00:23:25,399 Speaker 1: Slater to play on Hebrews eleven and twelve. So Politics 385 00:23:25,400 --> 00:23:31,879 Speaker 1: by Faith just came out yesterday. Okay, politics and faith. 386 00:23:31,960 --> 00:23:34,560 Speaker 1: I thought I thought faithful people weren't supposed to get 387 00:23:34,600 --> 00:23:37,399 Speaker 1: involved in that, Ikey, politics, Isn't that how it's supposed 388 00:23:37,400 --> 00:23:39,719 Speaker 1: to be? Yeah, I know, He's Here's the whole genesis 389 00:23:39,760 --> 00:23:43,480 Speaker 1: of this. There's way too much anxiety in our culture. 390 00:23:43,600 --> 00:23:46,000 Speaker 1: I have it, my wife feels it. Everyone I know. 391 00:23:46,040 --> 00:23:48,160 Speaker 1: It's just like we're just like wound up too tight, 392 00:23:48,280 --> 00:23:51,440 Speaker 1: way too much anxiety. People are having trouble sleeping at night. 393 00:23:52,000 --> 00:23:56,240 Speaker 1: Fifty percent of Americans doom scroll at night in bed, 394 00:23:56,600 --> 00:23:59,480 Speaker 1: just sitting here in bed, just scrolling through everything, seeing 395 00:23:59,480 --> 00:24:01,600 Speaker 1: how life is miserable and full of despair and things 396 00:24:01,640 --> 00:24:04,080 Speaker 1: are terrible and the economy's awful, Like this is no 397 00:24:04,160 --> 00:24:07,720 Speaker 1: way to go through life. We have never no people 398 00:24:07,720 --> 00:24:10,720 Speaker 1: have ever been bombarded with as much news as we 399 00:24:10,720 --> 00:24:13,840 Speaker 1: are right now. It's constant. So I wanted to address 400 00:24:13,880 --> 00:24:16,480 Speaker 1: that anxiety. So that's what this podcast is. So here's 401 00:24:16,480 --> 00:24:18,600 Speaker 1: how it works. Jesse. First, we come out with the 402 00:24:18,600 --> 00:24:20,680 Speaker 1: story of the day, right, and we explain it clearly, 403 00:24:20,680 --> 00:24:22,919 Speaker 1: and all the rest we lament it because most of 404 00:24:22,920 --> 00:24:25,120 Speaker 1: this stuff doesn't need to be this way. These are 405 00:24:25,119 --> 00:24:28,119 Speaker 1: mostly failures from our government, so we lament that. But 406 00:24:28,200 --> 00:24:30,240 Speaker 1: then we take a turn, and this is where we 407 00:24:30,280 --> 00:24:35,520 Speaker 1: bring the historical and biblical perspective, because I believe, as 408 00:24:35,560 --> 00:24:38,440 Speaker 1: Solomon said and Ecclesiastics one nine, there's nothing new under 409 00:24:38,480 --> 00:24:41,520 Speaker 1: the sun. And the point of this perspective is to 410 00:24:41,600 --> 00:24:44,800 Speaker 1: give you peace so that you can sleep at night 411 00:24:45,200 --> 00:24:48,359 Speaker 1: and wake up ready to fight on. So I mentioned 412 00:24:48,359 --> 00:24:50,800 Speaker 1: Hebrews eleven and twelve. So it says by faith, Enoch 413 00:24:50,880 --> 00:24:53,679 Speaker 1: by faith, Abraham by faith, Sarah by faith, Jacob by 414 00:24:53,720 --> 00:24:55,879 Speaker 1: faith by faith, all these Old Testament saints, and then 415 00:24:55,920 --> 00:24:58,040 Speaker 1: the wonderful things they did. But then it ends with 416 00:24:59,400 --> 00:25:03,720 Speaker 1: the men and of God were made strong out of weakness. 417 00:25:04,480 --> 00:25:06,960 Speaker 1: And that's what we can do. We can either let 418 00:25:06,960 --> 00:25:11,760 Speaker 1: this our days make us weak and miserable and pathetic, 419 00:25:12,240 --> 00:25:15,640 Speaker 1: or we can be made stronger out of these difficult days. 420 00:25:15,640 --> 00:25:17,920 Speaker 1: And that's what I know you and I want to do. 421 00:25:17,960 --> 00:25:19,200 Speaker 1: And just one last thing. It was one of the 422 00:25:19,240 --> 00:25:21,320 Speaker 1: great line of Hebrews. It says, let us throw off 423 00:25:21,359 --> 00:25:25,120 Speaker 1: everything that hinders and the sin that so easily entangles 424 00:25:25,440 --> 00:25:28,920 Speaker 1: and anxiety and worry, especially if that like consumes you, 425 00:25:28,960 --> 00:25:31,520 Speaker 1: and if that keeps you up at night, that will 426 00:25:31,640 --> 00:25:34,840 Speaker 1: hinder you, and that will entangle you. And it's Hebrews says, 427 00:25:35,200 --> 00:25:39,680 Speaker 1: So do not grow weary or lose heart. And that's 428 00:25:39,800 --> 00:25:42,480 Speaker 1: the point of this little perspective. Can bring us peace, 429 00:25:42,680 --> 00:25:45,360 Speaker 1: make us stronger, not grow weary, not lose heart, fight 430 00:25:45,400 --> 00:25:48,639 Speaker 1: on to live another day. Yeah, there's a ton of 431 00:25:48,680 --> 00:25:51,040 Speaker 1: anxiety out there, people in my family that struggle with it. 432 00:25:51,080 --> 00:25:53,720 Speaker 1: I probably would accept I'm a sociopath, all right, Mike, 433 00:25:53,760 --> 00:25:57,359 Speaker 1: give us some give us some perspective on interest rates 434 00:25:57,440 --> 00:26:00,320 Speaker 1: and the FED and because I mean there is real 435 00:26:00,400 --> 00:26:02,560 Speaker 1: people were obviously hurting out there. They know it when 436 00:26:02,560 --> 00:26:04,720 Speaker 1: they go buy groceries, they know it if their small 437 00:26:04,760 --> 00:26:07,600 Speaker 1: business needs alone. Give us a perspective, now, yeah, man, 438 00:26:07,640 --> 00:26:09,080 Speaker 1: So this is the one that gets me the most. 439 00:26:09,080 --> 00:26:10,840 Speaker 1: This is the most personal for me. So I got 440 00:26:10,880 --> 00:26:13,639 Speaker 1: two stories to share. First, in ancient Greece and in 441 00:26:13,680 --> 00:26:17,760 Speaker 1: the Bible, there's two words for the word time. You 442 00:26:17,800 --> 00:26:19,880 Speaker 1: have chronos time. This is where we get the word 443 00:26:19,960 --> 00:26:24,119 Speaker 1: chronological and this is like seconds, minutes, hours, days, right, 444 00:26:24,160 --> 00:26:26,040 Speaker 1: how you measure time. But then there's also this word 445 00:26:26,280 --> 00:26:30,160 Speaker 1: chiros kai Ros, and it's it's a broad or more 446 00:26:30,240 --> 00:26:33,800 Speaker 1: like like a season of time, or the opportune time 447 00:26:33,920 --> 00:26:35,880 Speaker 1: or the right time, and that words used eighty six 448 00:26:35,920 --> 00:26:40,159 Speaker 1: times in the Bible, like again Solomon Ecclesiastics, there's a 449 00:26:40,200 --> 00:26:43,600 Speaker 1: time to mourn and a time to laugh, right, So 450 00:26:43,600 --> 00:26:47,439 Speaker 1: it's it's is bigger concept of time. And I noticed 451 00:26:47,480 --> 00:26:50,480 Speaker 1: that when I think about the economy and I get anxious, 452 00:26:50,720 --> 00:26:55,080 Speaker 1: I'm living in a chronos mindset. I'm like checking the 453 00:26:55,119 --> 00:26:58,520 Speaker 1: stock market and checking bitcoin and looking at my portfolio. 454 00:26:58,560 --> 00:27:01,840 Speaker 1: I'm like living by the second and it's just riddles 455 00:27:01,880 --> 00:27:04,679 Speaker 1: me with anxiety. So I need to broaden out and 456 00:27:04,760 --> 00:27:08,639 Speaker 1: have a Cairos mindset and recognize that this is a 457 00:27:08,720 --> 00:27:10,679 Speaker 1: season of life and it's going to be a difficult 458 00:27:10,720 --> 00:27:12,639 Speaker 1: season in a lot of ways for a lot of people. 459 00:27:12,960 --> 00:27:16,680 Speaker 1: But people have been through worse and we can get 460 00:27:16,720 --> 00:27:21,840 Speaker 1: through it too, and that just takes such an edge off, 461 00:27:21,960 --> 00:27:24,320 Speaker 1: and then I can think more clearly. I also think 462 00:27:24,320 --> 00:27:26,240 Speaker 1: of difficult times in the Bible that people have been through. 463 00:27:26,359 --> 00:27:28,879 Speaker 1: My goodness, there's plenty of these, but I'm minded the 464 00:27:28,880 --> 00:27:31,879 Speaker 1: story of Samaria. So Samaria was besieged by the enemy, 465 00:27:32,359 --> 00:27:36,040 Speaker 1: and there's like tons of relevancy to what's going on 466 00:27:36,080 --> 00:27:40,800 Speaker 1: today with Samaria that it's in the podcast. But things 467 00:27:40,800 --> 00:27:44,080 Speaker 1: were so expensive in Samaria. The Bible specifically says this 468 00:27:44,119 --> 00:27:47,399 Speaker 1: is in Second Kings that a donkey head cost eighty 469 00:27:47,440 --> 00:27:51,360 Speaker 1: pieces of silver, and a cup of doves dumb went 470 00:27:51,480 --> 00:27:55,400 Speaker 1: for five pieces of silver. Right, So things were so 471 00:27:55,440 --> 00:28:00,280 Speaker 1: expensive that an unclean animal's head cost more than anyone 472 00:28:00,359 --> 00:28:03,040 Speaker 1: could afford. It's like a year's salary, and even a 473 00:28:03,080 --> 00:28:07,480 Speaker 1: cup of bird dung for fuel costs five pieces of silver. 474 00:28:07,760 --> 00:28:11,880 Speaker 1: Things were really, really bad, and they made it through. 475 00:28:11,880 --> 00:28:13,640 Speaker 1: And I'll give you this one because this is how 476 00:28:13,640 --> 00:28:15,719 Speaker 1: bad things were. There's a great scene where the King 477 00:28:15,760 --> 00:28:18,359 Speaker 1: of Samaria is walking down the street and a woman 478 00:28:18,400 --> 00:28:20,439 Speaker 1: comes up to him and says, King, King, you're not 479 00:28:20,480 --> 00:28:22,520 Speaker 1: gonna believe it. I need your help. A woman and 480 00:28:22,560 --> 00:28:26,960 Speaker 1: I came up with a plan to kill our children, 481 00:28:27,520 --> 00:28:30,480 Speaker 1: and we're gonna kill my son first and eat him, 482 00:28:30,920 --> 00:28:33,600 Speaker 1: and then we were gonna kill her son and eat him. 483 00:28:34,200 --> 00:28:36,320 Speaker 1: But all we did was kill my son, and then 484 00:28:36,359 --> 00:28:39,280 Speaker 1: she left with her son, and that's unfair and that's unjust, 485 00:28:39,360 --> 00:28:40,840 Speaker 1: and we need to go find her so we can 486 00:28:40,920 --> 00:28:43,720 Speaker 1: kill her son and eat her son. That's how bad 487 00:28:43,760 --> 00:28:46,760 Speaker 1: things were in Samaria. They were eating their own children. 488 00:28:47,400 --> 00:28:51,520 Speaker 1: So we're not there yet, and recognizing that makes me 489 00:28:52,000 --> 00:28:57,400 Speaker 1: feel a little bit better. Well, I guess that does 490 00:28:57,440 --> 00:29:00,600 Speaker 1: put burger prices in perspective, doesn't it. Okay, let's get 491 00:29:00,640 --> 00:29:06,120 Speaker 1: to something, let's get to corin diversity higher. This is 492 00:29:06,520 --> 00:29:10,920 Speaker 1: pretty much lacking in perspective. Let me just say a 493 00:29:10,960 --> 00:29:13,440 Speaker 1: couple of things about what's happening at the border. The 494 00:29:13,560 --> 00:29:16,600 Speaker 1: DHS put out a report laying out what kind of 495 00:29:16,600 --> 00:29:19,600 Speaker 1: a migration situation that we're dealing with, which is very new. 496 00:29:21,800 --> 00:29:29,240 Speaker 1: Oh wow, that's wow, that's amazing. I've never heard that before. Okay, perfect, perfect, 497 00:29:29,280 --> 00:29:31,560 Speaker 1: Like I need that in my next podcast. But we 498 00:29:31,600 --> 00:29:34,040 Speaker 1: did one episode on immigration already. I'm sure we'll have more. 499 00:29:34,280 --> 00:29:37,840 Speaker 1: And the point here is no, none of this is new. 500 00:29:37,920 --> 00:29:41,960 Speaker 1: I think these purveyors of anxiety, right, the people who 501 00:29:42,000 --> 00:29:43,760 Speaker 1: want to get you all riled up, want to get 502 00:29:43,800 --> 00:29:46,760 Speaker 1: you so you're not thinking straight, thinking clearly. One of 503 00:29:46,800 --> 00:29:49,719 Speaker 1: the things they do is they tell you everything's unprecedented, right, 504 00:29:49,960 --> 00:29:52,440 Speaker 1: never happen before. All the time, it's like, no, no, no, no, 505 00:29:52,480 --> 00:29:55,040 Speaker 1: there's nothing new under the sun. And I tell you 506 00:29:55,120 --> 00:29:57,959 Speaker 1: it's shocking how all of this is in the Bible. 507 00:29:58,040 --> 00:30:00,120 Speaker 1: And there's other historical examples too that we go in 508 00:30:00,120 --> 00:30:01,680 Speaker 1: the podcast. I know you're a history of buff Jesse. 509 00:30:01,880 --> 00:30:05,560 Speaker 1: So oh, no, mass migration of people, are you kidding me? New? 510 00:30:05,880 --> 00:30:10,080 Speaker 1: No way. The Bronze Age, there were huge migrations of 511 00:30:10,080 --> 00:30:13,480 Speaker 1: people across Europe and Asia. That was in three thousand BC. 512 00:30:14,000 --> 00:30:17,040 Speaker 1: The Bantu people of Central Africa, right, they were the 513 00:30:17,080 --> 00:30:19,479 Speaker 1: first to pretty much figure out farming, so they had 514 00:30:19,480 --> 00:30:21,200 Speaker 1: a lot of more people they can make, and then 515 00:30:21,240 --> 00:30:24,000 Speaker 1: they expanded into the rest of Central and southern Africa. 516 00:30:24,320 --> 00:30:26,960 Speaker 1: Massive migrations of the English all across the world, the 517 00:30:27,000 --> 00:30:30,200 Speaker 1: largest empire in the world, of course, migrations well about 518 00:30:30,400 --> 00:30:35,600 Speaker 1: India and Pakistan that partition, fourteen million people were moved there, 519 00:30:35,600 --> 00:30:37,920 Speaker 1: two million of them were killed. I know you love 520 00:30:37,960 --> 00:30:41,720 Speaker 1: the fact that twelve million Italians left Italy in the 521 00:30:41,720 --> 00:30:45,320 Speaker 1: early nineteen hundreds. There's seven times more people of Irish 522 00:30:45,360 --> 00:30:48,480 Speaker 1: heritage in America now than there are even in Ireland, right, 523 00:30:48,600 --> 00:30:52,160 Speaker 1: So migration is nothing new, So don't give me that. 524 00:30:52,280 --> 00:30:54,920 Speaker 1: And because there's nothing new, there's a lot of lessons 525 00:30:54,960 --> 00:30:57,400 Speaker 1: we can learn now. It's even in the Bible There's 526 00:30:57,400 --> 00:30:59,479 Speaker 1: tons of these stories, but the one that we focused 527 00:30:59,520 --> 00:31:02,760 Speaker 1: on in our first episode was Aquila and Priscilla, and 528 00:31:02,760 --> 00:31:04,840 Speaker 1: they're mentioned six times in the New Testament. I was 529 00:31:04,840 --> 00:31:07,160 Speaker 1: just giving the very short they're from Turkey, but they're 530 00:31:07,160 --> 00:31:11,000 Speaker 1: living in Rome, and the Emperor Claudius and fifty two said, 531 00:31:11,080 --> 00:31:14,440 Speaker 1: we're getting rid of all the Jews. We're expelling them all. Now, 532 00:31:14,480 --> 00:31:16,280 Speaker 1: if you're a quill In Priscilla and you're minding your 533 00:31:16,280 --> 00:31:20,680 Speaker 1: own business, that's unjust, that's unfair. What do you mean, 534 00:31:20,720 --> 00:31:23,520 Speaker 1: I gotta go. This is our home. We're making tents here. 535 00:31:24,000 --> 00:31:26,880 Speaker 1: But they obeyed the law, Jesse. They obeyed the ruling, 536 00:31:26,920 --> 00:31:29,480 Speaker 1: no matter unfair and unjust they thought it was. They 537 00:31:29,560 --> 00:31:31,200 Speaker 1: left and they went to Corinth, and then they bumped 538 00:31:31,200 --> 00:31:33,080 Speaker 1: into Paul and they went on this huge ministry trip 539 00:31:33,080 --> 00:31:35,160 Speaker 1: together all around the world, and they would become amazing 540 00:31:35,160 --> 00:31:36,680 Speaker 1: saints who are now in the New Testament, which is 541 00:31:36,680 --> 00:31:40,240 Speaker 1: pretty cool. But there's always been migrations of people. There's 542 00:31:40,280 --> 00:31:44,080 Speaker 1: always been a laws about this issue. And my conclusion 543 00:31:44,120 --> 00:31:46,680 Speaker 1: from that is it is okay for you and I, Jesse, 544 00:31:47,080 --> 00:31:51,840 Speaker 1: to expect people to obey laws and the laws of 545 00:31:51,840 --> 00:31:57,000 Speaker 1: the land, and even immigration laws. Dare I say, Claudius 546 00:31:57,760 --> 00:32:00,200 Speaker 1: not a good person. Not a good person. If you 547 00:32:00,240 --> 00:32:01,760 Speaker 1: want to do some reading on one of the true 548 00:32:01,800 --> 00:32:04,880 Speaker 1: monsters out there, Mike Slater, go listen to his podcast. 549 00:32:04,960 --> 00:32:07,240 Speaker 1: Thank you, my brother. You're a good man. Thank you, 550 00:32:07,320 --> 00:32:12,840 Speaker 1: Jesse good Man. How about a podcast make you feel 551 00:32:12,840 --> 00:32:16,360 Speaker 1: a little better? Huh, it's good too. All right now, 552 00:32:17,600 --> 00:32:20,480 Speaker 1: I got to make preparations, don't win. It's part of 553 00:32:20,480 --> 00:32:23,240 Speaker 1: how we're I'll tell you this, speaking of things that 554 00:32:23,400 --> 00:32:27,120 Speaker 1: help calm anxiety. I wake up in the morning and 555 00:32:27,160 --> 00:32:29,440 Speaker 1: throughout the day I feel the same way you feel 556 00:32:29,440 --> 00:32:32,240 Speaker 1: about the issues right here with you. I look at 557 00:32:32,280 --> 00:32:36,560 Speaker 1: I'm worried, I'm nervous. It makes me feel better to 558 00:32:36,680 --> 00:32:41,400 Speaker 1: make preparations by ammunition. It makes me feel better. You 559 00:32:41,440 --> 00:32:44,840 Speaker 1: know about gold makes me feel better. I make sure 560 00:32:44,920 --> 00:32:47,880 Speaker 1: my family has an emergency three month food supply. Every 561 00:32:47,880 --> 00:32:50,200 Speaker 1: one of us, every person who lives in my home, 562 00:32:50,480 --> 00:32:53,480 Speaker 1: has an emergency three month food supply. And that is 563 00:32:53,520 --> 00:32:55,480 Speaker 1: something I struggled with for a long time. I used 564 00:32:55,480 --> 00:32:57,720 Speaker 1: to interview these survivalists and stuff like that. So what 565 00:32:57,760 --> 00:33:00,760 Speaker 1: should I get beans? So like I don't understand, I 566 00:33:00,760 --> 00:33:02,880 Speaker 1: don't have to think about it. You don't have to 567 00:33:02,880 --> 00:33:06,720 Speaker 1: be an expert on it. My patriot supply is they 568 00:33:06,760 --> 00:33:09,520 Speaker 1: have partnered with the show. We're very grateful for them 569 00:33:09,600 --> 00:33:13,720 Speaker 1: because they're providing emergency three month food kits to my 570 00:33:13,840 --> 00:33:18,640 Speaker 1: viewers for two hundred and fifty dollars off. That's awesome. 571 00:33:18,720 --> 00:33:21,120 Speaker 1: It's the best deal they've had in years. Go to 572 00:33:21,320 --> 00:33:25,880 Speaker 1: Prepare with Jesse Kelly dot com and get an emergency 573 00:33:26,000 --> 00:33:28,720 Speaker 1: three month food kit for everyone in your home. If 574 00:33:28,720 --> 00:33:30,920 Speaker 1: you just buy yourself, just get one. But everyone in 575 00:33:30,920 --> 00:33:33,400 Speaker 1: your home needs three months worth of food two thousand 576 00:33:33,400 --> 00:33:38,600 Speaker 1: calories a day. Prepare with Jesse Kelly dot com. We'll 577 00:33:38,640 --> 00:33:47,840 Speaker 1: be bad. Well, there was a big announcement in Russia, 578 00:33:47,880 --> 00:33:49,560 Speaker 1: but I don't know what it was was in Russian. 579 00:33:49,560 --> 00:33:51,680 Speaker 1: I don't even understand what's going on over there, but 580 00:33:51,840 --> 00:33:56,000 Speaker 1: thankfully I know someone who does, my friend Brian Dean Wright, 581 00:33:56,120 --> 00:33:59,520 Speaker 1: of course, of the Incredible President's Daily Brief podcast. It's 582 00:33:59,560 --> 00:34:02,760 Speaker 1: blown up up all over the place, unsurprisingly, all right, 583 00:34:02,760 --> 00:34:06,880 Speaker 1: Brian Russia Putin. I had heard there was going to 584 00:34:06,920 --> 00:34:09,120 Speaker 1: be some major announcement. I heard there was going to 585 00:34:09,200 --> 00:34:12,239 Speaker 1: be an escalation. I don't know what any of this 586 00:34:12,239 --> 00:34:14,759 Speaker 1: stuff means. Does that mean they're winning losing. What's going on? 587 00:34:15,880 --> 00:34:17,520 Speaker 1: You're right, it was in Russian so let me let 588 00:34:17,520 --> 00:34:20,239 Speaker 1: me translate. Friend. Bottom line is it was a big, 589 00:34:20,239 --> 00:34:22,000 Speaker 1: big deal, in fact, one of the biggest deals we 590 00:34:22,040 --> 00:34:23,919 Speaker 1: have seen and certainly seems to start of the war. 591 00:34:24,520 --> 00:34:27,560 Speaker 1: So upwards of three hundred and even more thousand people 592 00:34:27,600 --> 00:34:32,279 Speaker 1: could be called up former soldiers, fighters, reservists. The war 593 00:34:32,400 --> 00:34:34,399 Speaker 1: is not going well for Russia. They are down there 594 00:34:34,480 --> 00:34:36,600 Speaker 1: some of their best fighters and some units fifty to 595 00:34:36,719 --> 00:34:39,760 Speaker 1: sixty percent. Some folks are saying upwards of eighty percent. 596 00:34:40,160 --> 00:34:42,279 Speaker 1: So the Russians are taking a very, very big hit 597 00:34:42,320 --> 00:34:44,600 Speaker 1: and they have to backfill. Obviously, they don't have a 598 00:34:44,640 --> 00:34:46,600 Speaker 1: lot of folks in the region, so they've got to 599 00:34:46,640 --> 00:34:48,919 Speaker 1: come back home for it. And that's exactly what they're doing. 600 00:34:49,400 --> 00:34:52,319 Speaker 1: So they've got a six hundred mile long front from 601 00:34:52,360 --> 00:34:54,839 Speaker 1: up north all the way down into Crimea. They've got 602 00:34:54,840 --> 00:34:58,280 Speaker 1: to backfill. That's what this was all about. Who exactly 603 00:34:58,320 --> 00:35:00,360 Speaker 1: they're looking for. Some of that is class fine, but 604 00:35:00,400 --> 00:35:05,640 Speaker 1: we do know combat engineers, snipers, tank drivers. We have 605 00:35:05,680 --> 00:35:10,000 Speaker 1: a pretty broad requirement that we're seeing. But what this 606 00:35:10,040 --> 00:35:12,920 Speaker 1: means future forward in terms of will these folks actually 607 00:35:12,920 --> 00:35:14,320 Speaker 1: if you put into the fight or will they be 608 00:35:14,440 --> 00:35:17,480 Speaker 1: used more for defensive purposes. That's I think really the 609 00:35:17,960 --> 00:35:20,279 Speaker 1: big question. I think most folks are saying, this is 610 00:35:20,320 --> 00:35:22,440 Speaker 1: just going to be about holding the line through winter 611 00:35:22,880 --> 00:35:25,240 Speaker 1: and then we are going to freeze out the Russia 612 00:35:25,320 --> 00:35:27,960 Speaker 1: the Europeans, I should say this winter. I think that's 613 00:35:27,960 --> 00:35:31,360 Speaker 1: Putin's ultimate goal, just hold the line, freeze out Europe, 614 00:35:31,840 --> 00:35:34,080 Speaker 1: and that hopefully will get him to victory. He's thinking 615 00:35:34,120 --> 00:35:38,359 Speaker 1: by his bring Okay, we'll get to freeze out here 616 00:35:38,400 --> 00:35:43,160 Speaker 1: in a moment. Why Why is Russia taking so much punishment? 617 00:35:43,239 --> 00:35:46,600 Speaker 1: I mean, I don't know the interiors of either military 618 00:35:46,680 --> 00:35:50,520 Speaker 1: Russia or Ukraine, but obviously this was handicapped as something 619 00:35:50,560 --> 00:35:52,319 Speaker 1: that was Russia was going to beat the crap out 620 00:35:52,360 --> 00:35:54,920 Speaker 1: of these these guys fairly early, and they have. It's 621 00:35:54,920 --> 00:35:59,440 Speaker 1: what's going on? Yeah, So two things. One, the folks 622 00:35:59,440 --> 00:36:01,960 Speaker 1: that Russias sent in initially some of them weren't there 623 00:36:02,040 --> 00:36:05,360 Speaker 1: their absolute top tier folks, so they had to backfill. 624 00:36:05,960 --> 00:36:08,240 Speaker 1: But the second pieces that you know, they are really 625 00:36:08,280 --> 00:36:11,480 Speaker 1: fighting west, the West and Europe, United States. And that's 626 00:36:11,520 --> 00:36:14,720 Speaker 1: in fact what Putin and his Minister Defense said yesterday 627 00:36:14,719 --> 00:36:16,920 Speaker 1: that they are in fact at war with the West, 628 00:36:17,000 --> 00:36:19,760 Speaker 1: not just Ukraine. So that's the first piece. The second, 629 00:36:20,080 --> 00:36:22,040 Speaker 1: you know, the Russians have done some pretty silly things. 630 00:36:22,239 --> 00:36:24,600 Speaker 1: For instance, they removed a bunch of their best troops 631 00:36:24,600 --> 00:36:26,480 Speaker 1: from from their northern front and moved them all the 632 00:36:26,520 --> 00:36:29,640 Speaker 1: way down south. That basically left the entire north opened 633 00:36:29,680 --> 00:36:31,799 Speaker 1: for attack. And in fact, that's what the United States 634 00:36:31,840 --> 00:36:34,760 Speaker 1: and Ukraine did together. They pushed hard and they slaughtered 635 00:36:34,760 --> 00:36:37,279 Speaker 1: a whole bunch of Russian soldiers. So the Russians have 636 00:36:37,320 --> 00:36:40,000 Speaker 1: made some pretty big mistakes here, but there's no doubt 637 00:36:40,280 --> 00:36:43,880 Speaker 1: that they are fighting America and the West with our weaponry, 638 00:36:43,880 --> 00:36:45,799 Speaker 1: and the Ukrainians have actually been doing pretty darn good 639 00:36:45,840 --> 00:36:49,480 Speaker 1: with what we've given them. Okay, you say they were 640 00:36:49,520 --> 00:36:54,759 Speaker 1: fighting Ukraine and us, where were they fighting us? Well, 641 00:36:54,800 --> 00:36:57,400 Speaker 1: the dirty little secret of courses that our special forces 642 00:36:57,400 --> 00:37:00,879 Speaker 1: and intelligence officers are on the ground in Ukraine. So 643 00:37:01,640 --> 00:37:02,880 Speaker 1: we of course are doing a heck of a lot 644 00:37:02,920 --> 00:37:07,000 Speaker 1: of the fighting, we're just not acknowledging it. Okay, Now, 645 00:37:08,719 --> 00:37:13,200 Speaker 1: doesn't this push Russia into the arms of China or Iran? 646 00:37:13,360 --> 00:37:15,400 Speaker 1: Is there going to be some kind of military alliance 647 00:37:15,920 --> 00:37:18,000 Speaker 1: or do China and Iran? They don't want any part 648 00:37:18,040 --> 00:37:23,360 Speaker 1: of this. I'm worried about a desperate nuclear power losing 649 00:37:23,400 --> 00:37:26,040 Speaker 1: a war. That's what I'm worried about. Yeah, look, I 650 00:37:26,080 --> 00:37:28,840 Speaker 1: think you were highlighting what the most of us now believe, 651 00:37:28,920 --> 00:37:31,080 Speaker 1: which is that Putent is being backed into a corner. 652 00:37:31,080 --> 00:37:32,960 Speaker 1: This man knows that if he loses this sward, it's 653 00:37:33,000 --> 00:37:35,680 Speaker 1: his head. Literally, it goes on a stake and a 654 00:37:35,719 --> 00:37:38,319 Speaker 1: lot of his regime leaders. So if he gets to 655 00:37:38,360 --> 00:37:40,160 Speaker 1: the point where he feels like this is not going 656 00:37:40,200 --> 00:37:42,239 Speaker 1: to go well for him, it's going to end well. 657 00:37:42,280 --> 00:37:44,840 Speaker 1: He knows that it's a Sadama Hussein or a Momar 658 00:37:44,960 --> 00:37:48,680 Speaker 1: Kadafi of Iraq and Livia respectfully, he's done so that 659 00:37:48,719 --> 00:37:50,640 Speaker 1: could mean that he will end up using some of 660 00:37:50,640 --> 00:37:52,960 Speaker 1: the more horrific weapons he has at his disposal, to 661 00:37:53,080 --> 00:37:56,759 Speaker 1: include nuclear weapons, tactical nukes first and then something far 662 00:37:56,840 --> 00:38:00,000 Speaker 1: more horrific, whether or not China comes to his aide 663 00:38:00,280 --> 00:38:02,439 Speaker 1: or countries like India. Right now they're doing it via 664 00:38:02,480 --> 00:38:06,840 Speaker 1: economic trade, buying lots of Russian coal, oil and natural gas, 665 00:38:07,120 --> 00:38:10,239 Speaker 1: but whether they provide some of the critical pieces of 666 00:38:10,280 --> 00:38:12,960 Speaker 1: like the microchips that go into the missiles, and some 667 00:38:13,040 --> 00:38:15,480 Speaker 1: of them are advanced weaponry. That's what I'm looking for. 668 00:38:15,640 --> 00:38:18,040 Speaker 1: If we see a lot more of that happening, then 669 00:38:18,080 --> 00:38:21,200 Speaker 1: we know for sure that China and India, even though 670 00:38:21,239 --> 00:38:24,279 Speaker 1: they might have concerns, you know, with this war, they 671 00:38:24,400 --> 00:38:27,640 Speaker 1: still want Moscow to win most especially China. That's the 672 00:38:27,680 --> 00:38:31,080 Speaker 1: one that I'm really looking for. Why would India want 673 00:38:31,120 --> 00:38:35,759 Speaker 1: Moscow to win? Well, I think it's a geopolitical calculus 674 00:38:35,760 --> 00:38:38,080 Speaker 1: for them. They don't want any one nation in the 675 00:38:38,120 --> 00:38:40,239 Speaker 1: world getting too particularly strong. They want to come to 676 00:38:40,239 --> 00:38:42,120 Speaker 1: the table as an equal and so I don't know 677 00:38:42,120 --> 00:38:46,080 Speaker 1: that they necessarily want Moscow to win to be victorious. Ultimately, 678 00:38:46,400 --> 00:38:49,080 Speaker 1: they just want a multipolar world, not just led by 679 00:38:49,080 --> 00:38:53,120 Speaker 1: the United States. Okay, now, let's circle back to what 680 00:38:53,160 --> 00:38:56,160 Speaker 1: you said about circle back, just like Tensaki, Let's circle 681 00:38:56,160 --> 00:38:59,160 Speaker 1: back to what you said about Russia trying to bite 682 00:38:59,160 --> 00:39:02,319 Speaker 1: and hold the winter and freeze Europe out. What do 683 00:39:02,360 --> 00:39:04,120 Speaker 1: you mean by that they don't have coats in Europe? 684 00:39:04,160 --> 00:39:06,239 Speaker 1: What do you mean, Well, they're going to need more 685 00:39:06,239 --> 00:39:08,799 Speaker 1: of them, because here's the bottom line. Europe imports a 686 00:39:08,800 --> 00:39:11,319 Speaker 1: lot of its energy, most especially natural gas, and they 687 00:39:11,400 --> 00:39:14,040 Speaker 1: use it to heat their homes and to fuel their industries. 688 00:39:14,040 --> 00:39:15,600 Speaker 1: And what we have seen over the past number of 689 00:39:15,680 --> 00:39:19,440 Speaker 1: months Russia's turning off this figot so Europe is desperately 690 00:39:19,440 --> 00:39:22,960 Speaker 1: seeking for more supply. They're getting some, and that's fine, 691 00:39:23,280 --> 00:39:25,840 Speaker 1: but the problem is the longer that the winter lasts, 692 00:39:25,880 --> 00:39:28,399 Speaker 1: the less of this oil and natural gas that they 693 00:39:28,400 --> 00:39:30,640 Speaker 1: have to use and to burn and to fuel their economies, 694 00:39:30,680 --> 00:39:34,480 Speaker 1: heat their homes. So what the Russians are thinking is, hey, 695 00:39:34,480 --> 00:39:36,960 Speaker 1: if we can just hopefully have a hard winter and 696 00:39:37,080 --> 00:39:39,400 Speaker 1: the Europeans burned through a lot of their fuel, they 697 00:39:39,440 --> 00:39:41,879 Speaker 1: are going to freeze to that literally and figuratively, their 698 00:39:41,880 --> 00:39:44,719 Speaker 1: economy is going to go belly up. They already are struggling. 699 00:39:44,719 --> 00:39:48,000 Speaker 1: We're seeing aluminum plants, so we are seeing smelters of 700 00:39:48,080 --> 00:39:50,960 Speaker 1: various kinds shut their doors because they can't afford the 701 00:39:51,040 --> 00:39:54,560 Speaker 1: natural gas. It's dramatically up in price. So that really 702 00:39:54,600 --> 00:39:57,080 Speaker 1: is what Putin I think is aiming for here, sending 703 00:39:57,160 --> 00:39:59,800 Speaker 1: in these hundreds of thousands of troops, hold the line, 704 00:40:00,200 --> 00:40:02,839 Speaker 1: freeze out Europe and let's see where it takes us 705 00:40:02,880 --> 00:40:08,080 Speaker 1: by next March or so. Speaking of energy, we have 706 00:40:08,280 --> 00:40:11,960 Speaker 1: news on the green energy front here in America, and 707 00:40:11,960 --> 00:40:14,919 Speaker 1: it's not good news. What is it? Oh? Oh, dear. 708 00:40:15,480 --> 00:40:18,960 Speaker 1: Earlier this week, there was a big at fire in Monterey, California. 709 00:40:19,080 --> 00:40:22,640 Speaker 1: The lithium ion battery that was made by Tesla and 710 00:40:22,760 --> 00:40:25,080 Speaker 1: our dear friends at Test unfortunately make some bad batteries. 711 00:40:25,120 --> 00:40:27,799 Speaker 1: On occasion, well, one of them caught fire and that 712 00:40:27,800 --> 00:40:30,359 Speaker 1: meant that the entire area had to be shut down, 713 00:40:30,760 --> 00:40:34,080 Speaker 1: stay at home order, you had to throw up your windows, 714 00:40:34,080 --> 00:40:37,080 Speaker 1: shut off your ac Why because of all the toxic 715 00:40:37,160 --> 00:40:41,799 Speaker 1: fumes that these lithium ion batteries admit when they're on fire. Well, 716 00:40:41,800 --> 00:40:44,440 Speaker 1: I can kill you pretty quickly. And as it turns out, 717 00:40:44,480 --> 00:40:48,400 Speaker 1: these fires are really hard to extinguish, and so the 718 00:40:48,440 --> 00:40:52,080 Speaker 1: firefires have put on hazmat suits. It's a nightmare, multi 719 00:40:52,200 --> 00:40:55,080 Speaker 1: day process. We've seen this before. In Australia, we saw 720 00:40:55,120 --> 00:40:58,000 Speaker 1: a shipment of cars actually light on fires crossing across 721 00:40:58,239 --> 00:41:01,399 Speaker 1: the Pacific Ocean sunk the ship that was transporting them. 722 00:41:01,719 --> 00:41:03,960 Speaker 1: So these kinds of fires, I'm sorry to say, you're 723 00:41:04,000 --> 00:41:07,040 Speaker 1: probably going to become a lot more common as the 724 00:41:07,120 --> 00:41:11,000 Speaker 1: transition happens to renewable energy. This dirty green stuff, it 725 00:41:11,000 --> 00:41:13,880 Speaker 1: turns out it's not rainbows and sunshine, right, We're not 726 00:41:13,920 --> 00:41:17,160 Speaker 1: trolling around on green fields with this stuff. It's really dangerous. 727 00:41:17,239 --> 00:41:19,799 Speaker 1: We have to be very careful for whoever decides they 728 00:41:19,800 --> 00:41:21,880 Speaker 1: want to adopt this, if that's what your choice is, 729 00:41:23,920 --> 00:41:29,120 Speaker 1: all right, food, food prices. The things I hear from 730 00:41:29,120 --> 00:41:31,920 Speaker 1: people now, Brian, just in day to day conversations about 731 00:41:31,960 --> 00:41:36,080 Speaker 1: people and their grocery bills. They're very worried. Is this 732 00:41:36,200 --> 00:41:39,160 Speaker 1: about to stop? These pricing increases are about to get worse? 733 00:41:39,480 --> 00:41:42,520 Speaker 1: Give me some forecasting here, No, So I'll tell you 734 00:41:42,680 --> 00:41:45,359 Speaker 1: there's some very sobering reporting out in the last couple 735 00:41:45,360 --> 00:41:47,919 Speaker 1: of weeks from farmers and ranchers all around the world. 736 00:41:48,000 --> 00:41:52,279 Speaker 1: We've got companies like ADM and others saying, look, we've 737 00:41:52,280 --> 00:41:55,560 Speaker 1: had some pretty marginal harvests in North America, South America, 738 00:41:55,719 --> 00:41:58,640 Speaker 1: Europe got hit hard with a drought, China got hit hard. 739 00:41:58,960 --> 00:42:02,560 Speaker 1: So we're looking at lower stocks of wheat, rice, corn, 740 00:42:02,800 --> 00:42:05,600 Speaker 1: soybeans across the board. And that's why we are seeing 741 00:42:05,680 --> 00:42:08,359 Speaker 1: prices so high. Futures and factor up and we're from 742 00:42:08,360 --> 00:42:11,120 Speaker 1: fifteen to twenty five percent for a lot of our commodities, 743 00:42:11,440 --> 00:42:13,319 Speaker 1: and so that means we're probably going to have much 744 00:42:13,400 --> 00:42:16,560 Speaker 1: higher food bills for the next year or two. We 745 00:42:16,600 --> 00:42:19,160 Speaker 1: really need to know better crops. We're just not getting them. 746 00:42:19,760 --> 00:42:22,600 Speaker 1: Mother nature sometimes doesn't cooperate with us. So folks should, 747 00:42:22,680 --> 00:42:25,560 Speaker 1: unfortunately expect to see more of these kinds of increases 748 00:42:25,560 --> 00:42:28,200 Speaker 1: in their food prices or quite a while. So fire 749 00:42:28,280 --> 00:42:31,439 Speaker 1: up that garden, buy that whole hog or or big 750 00:42:31,440 --> 00:42:33,120 Speaker 1: old cow, whatever you gotta do, throw it in the freezer, 751 00:42:33,120 --> 00:42:34,720 Speaker 1: because you need to find a way to save money. 752 00:42:34,800 --> 00:42:39,000 Speaker 1: This thing ain't going away. Bryan Dean, Right, It is 753 00:42:39,000 --> 00:42:41,840 Speaker 1: the President's Daily Brief Podcast. Thank you, my friend. I 754 00:42:41,880 --> 00:42:47,799 Speaker 1: appreciate it as always. All right, we have a light 755 00:42:47,840 --> 00:42:52,160 Speaker 1: in the mood. Next, Joe Biden got lost again. We'll 756 00:42:52,160 --> 00:42:53,719 Speaker 1: get to that in a second. Before we get to that, 757 00:42:54,880 --> 00:42:56,680 Speaker 1: I know that was a lot of It's been a 758 00:42:56,680 --> 00:42:59,120 Speaker 1: lot of dark when it comes to all this finance news. 759 00:42:59,200 --> 00:43:02,879 Speaker 1: John Carney's on us look at some rough things till 760 00:43:02,920 --> 00:43:05,680 Speaker 1: twenty twenty five. Brian Dean, Right, I know it's dark 761 00:43:05,680 --> 00:43:08,040 Speaker 1: out there. Okay, we can't sit around and cry. We 762 00:43:08,080 --> 00:43:12,000 Speaker 1: have to make preparations, make preparations. Do you have gold 763 00:43:12,040 --> 00:43:15,160 Speaker 1: in your physical possession? I don't mean a piece of 764 00:43:15,160 --> 00:43:17,879 Speaker 1: paper saying you got some gold somewhere. Do you have 765 00:43:18,000 --> 00:43:21,719 Speaker 1: gold coins in your physical possession? Do you know that 766 00:43:22,400 --> 00:43:26,280 Speaker 1: no matter what happens, depression, food, no matter what happens, 767 00:43:27,160 --> 00:43:29,640 Speaker 1: those gold coins will be able to buy goods and 768 00:43:29,680 --> 00:43:33,839 Speaker 1: services because they have since the dawn of time. Talk 769 00:43:33,880 --> 00:43:39,480 Speaker 1: about something to backstop. You call Oxford Gold Group and 770 00:43:39,560 --> 00:43:43,920 Speaker 1: they will deliver gold to your front door. They're super 771 00:43:44,000 --> 00:43:47,319 Speaker 1: laid back, wonderful people. I sent my own father to 772 00:43:47,400 --> 00:43:50,240 Speaker 1: Oxford Gold Group. All right, you can trust these guys. 773 00:43:50,719 --> 00:43:54,359 Speaker 1: Eight three three nine nine five gold. Just tell him 774 00:43:54,440 --> 00:43:57,200 Speaker 1: Jesse told you to call. They will take care of you. 775 00:43:57,719 --> 00:44:11,120 Speaker 1: Eight three three gold. All right, we'll be back. All right, 776 00:44:11,719 --> 00:44:14,719 Speaker 1: it's time to lighten the mood with our loss president. 777 00:44:15,080 --> 00:44:17,840 Speaker 1: He never knows where he is, where he's going. I 778 00:44:17,880 --> 00:44:21,120 Speaker 1: just I don't want to clarify. I've given some speeches. 779 00:44:21,480 --> 00:44:23,880 Speaker 1: I mean, not like thousands, but I've given quite a 780 00:44:23,880 --> 00:44:27,040 Speaker 1: few speeches in my time of being a world famous celebrity, 781 00:44:27,440 --> 00:44:29,279 Speaker 1: and I just want to I want to let you 782 00:44:29,320 --> 00:44:34,319 Speaker 1: know when you're done speaking at the podium, there are 783 00:44:34,320 --> 00:44:38,000 Speaker 1: only two different directions you can go. You're not going 784 00:44:38,080 --> 00:44:41,880 Speaker 1: to go out into the audience. You can't go straight 785 00:44:41,920 --> 00:44:44,640 Speaker 1: back because there's always a wall or a curtain there. 786 00:44:45,040 --> 00:44:48,719 Speaker 1: You can go right, or you can go left. You 787 00:44:48,840 --> 00:44:51,239 Speaker 1: have a fifty fifty shot of getting it right if 788 00:44:51,239 --> 00:44:55,400 Speaker 1: you just guess. And yet Joe Biden never seems to know. 789 00:44:55,440 --> 00:44:56,839 Speaker 1: I'll tell you what before we get to that, though. 790 00:44:56,920 --> 00:45:01,760 Speaker 1: Let's get to this. I didn't know what home title 791 00:45:01,880 --> 00:45:04,040 Speaker 1: theft was, so if you don't know what it is, 792 00:45:04,080 --> 00:45:06,040 Speaker 1: don't feel stupid. I had no idea what it was. 793 00:45:06,440 --> 00:45:09,640 Speaker 1: Woke up one day, looked at my phone, and there's 794 00:45:09,680 --> 00:45:13,239 Speaker 1: my home title in my email, and it looks like 795 00:45:13,280 --> 00:45:15,960 Speaker 1: I took a loan out against it. And my signature 796 00:45:16,040 --> 00:45:19,040 Speaker 1: looked like my signature and my wife's signatures on the 797 00:45:19,120 --> 00:45:21,120 Speaker 1: home title. You know how long it took them to 798 00:45:21,239 --> 00:45:24,799 Speaker 1: hack into my home title? Ten minutes. That's the thing. 799 00:45:24,840 --> 00:45:27,799 Speaker 1: It's not just a crime that's wiping people out. It's 800 00:45:27,840 --> 00:45:31,279 Speaker 1: easy for them. It's no challenge at all. Go to 801 00:45:31,360 --> 00:45:36,000 Speaker 1: home titlelock dot com and sign up today home titlelock 802 00:45:36,320 --> 00:45:39,360 Speaker 1: dot com. All right, they will detect any tampering and 803 00:45:39,400 --> 00:45:44,040 Speaker 1: shut it down like that now, without further ado. Joe 804 00:45:44,080 --> 00:45:48,879 Speaker 1: Biden got up and spoke on our behalf, and when 805 00:45:48,920 --> 00:45:56,640 Speaker 1: he was done, he just got a little lost. You 806 00:45:59,400 --> 00:46:08,839 Speaker 1: wake up, missus. President Plank. Here at the end of 807 00:46:09,160 --> 00:46:13,360 Speaker 1: such a momentous event the world. Thank you. It seems 808 00:46:13,640 --> 00:46:18,560 Speaker 1: kind of inadequate, but for all the millions whose lives 809 00:46:18,560 --> 00:46:40,840 Speaker 1: will be saved, you wake up, I'll see itable. Each morning, 810 00:46:41,000 --> 00:46:44,000 Speaker 1: the President of the United States receives a highly classified 811 00:46:44,000 --> 00:46:47,040 Speaker 1: briefing on the most important issues facing the country. It's 812 00:46:47,040 --> 00:46:50,560 Speaker 1: called the President's Daily Brief, or PDB. It's delivered by 813 00:46:50,560 --> 00:46:53,759 Speaker 1: America's spies and analysts. Well, now you can hear your 814 00:46:53,880 --> 00:46:57,080 Speaker 1: very own PDB in the form of a podcast hosted 815 00:46:57,080 --> 00:47:00,720 Speaker 1: by me Brian Dean Wright, a former CIA operations officer. 816 00:47:01,080 --> 00:47:03,800 Speaker 1: Each morning at six am Eastern, I'll bring you fifteen 817 00:47:03,840 --> 00:47:06,480 Speaker 1: to twenty minutes of the most important issues facing the country, 818 00:47:06,840 --> 00:47:10,120 Speaker 1: giving you the critical intelligence and analysis you need to 819 00:47:10,239 --> 00:47:11,400 Speaker 1: start your morning.