1 00:00:02,040 --> 00:00:06,360 Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George 2 00:00:06,400 --> 00:00:10,960 Speaker 1: Washington Broadcast Center, Jack Armstrong and Joe Getty arms Strong 3 00:00:11,000 --> 00:00:17,439 Speaker 1: and Jetty and he Armstrong and Eddy. 4 00:00:23,400 --> 00:00:27,160 Speaker 2: You have the moderates and you have the lunatics. And 5 00:00:27,320 --> 00:00:31,760 Speaker 2: I think the moderates are more respected. The lunatics want 6 00:00:31,800 --> 00:00:33,640 Speaker 2: to fight till the end. You know, there will be 7 00:00:33,680 --> 00:00:35,920 Speaker 2: a very it will be a very quick fight. 8 00:00:36,000 --> 00:00:39,839 Speaker 1: But I call them you have just like our country. 9 00:00:39,880 --> 00:00:40,920 Speaker 1: We have lunatics too. 10 00:00:40,960 --> 00:00:41,280 Speaker 3: We have. 11 00:00:42,720 --> 00:00:43,720 Speaker 2: I call them lunatics. 12 00:00:43,720 --> 00:00:45,320 Speaker 1: I call them stupid people too. 13 00:00:45,960 --> 00:00:48,280 Speaker 2: But in around they have the moderates and dying to 14 00:00:48,320 --> 00:00:50,159 Speaker 2: make a deal, and then you have the lunatics. And 15 00:00:50,200 --> 00:00:52,120 Speaker 2: I guess they're a little bit afraid of the lunatics. 16 00:00:52,120 --> 00:00:58,080 Speaker 2: But uh, and why not the the level of ferocity 17 00:00:58,280 --> 00:01:02,200 Speaker 2: for protests. You know, the people are watching that they 18 00:01:02,200 --> 00:01:04,120 Speaker 2: want to go out on the streets. They have no weapons, 19 00:01:04,120 --> 00:01:05,200 Speaker 2: they have no guns. 20 00:01:05,440 --> 00:01:11,199 Speaker 1: Trump has such a unique speaking style. Uh the uh 21 00:01:11,319 --> 00:01:12,720 Speaker 1: sometimes known as rambling. 22 00:01:14,920 --> 00:01:17,720 Speaker 4: But they are, yeah, they are lunatics, and they are 23 00:01:18,959 --> 00:01:21,640 Speaker 4: very very violent lunatics. Anyway, Trump, and this is all 24 00:01:21,720 --> 00:01:24,120 Speaker 4: just in the last few minutes. Trump's taking questions in 25 00:01:24,160 --> 00:01:26,399 Speaker 4: the Oval office. He does this all the time. So 26 00:01:26,440 --> 00:01:28,480 Speaker 4: he's got a bunch of women standing around behind him 27 00:01:28,520 --> 00:01:31,440 Speaker 4: and it's probably like you know, National Women at Work 28 00:01:31,560 --> 00:01:33,240 Speaker 4: Day or something like that. And they come into the 29 00:01:33,280 --> 00:01:36,720 Speaker 4: office and he signs some declaration. Then he takes questions 30 00:01:36,720 --> 00:01:38,520 Speaker 4: for reporters, and they got to stand there with smiles 31 00:01:38,560 --> 00:01:40,880 Speaker 4: on it on their faces. Well, he takes all kinds 32 00:01:40,920 --> 00:01:43,039 Speaker 4: of complicated questions, it says, crazy as. 33 00:01:43,240 --> 00:01:45,200 Speaker 3: The best one was last week when he had all 34 00:01:45,240 --> 00:01:48,480 Speaker 3: the little kids in for the presidential fitness thing and 35 00:01:48,520 --> 00:01:52,040 Speaker 3: he went on and on about in like a really blatant, 36 00:01:52,440 --> 00:01:55,520 Speaker 3: you know, graphic, hardcore way about the war with Iran. Yeah, 37 00:01:55,800 --> 00:01:58,120 Speaker 3: and in front of the kids who are standing their 38 00:01:58,200 --> 00:01:59,000 Speaker 3: wide eyed. 39 00:02:00,600 --> 00:02:04,080 Speaker 1: Anyway, more from Trump. You know, I'm willing to. I'm 40 00:02:04,080 --> 00:02:07,520 Speaker 1: willing to. It's a terrible expression. Take a bullet. 41 00:02:08,480 --> 00:02:11,720 Speaker 2: It's a terrible expression, especially when it's used by me. 42 00:02:13,000 --> 00:02:15,640 Speaker 2: I'm willing to take a bullet for the country. And 43 00:02:15,680 --> 00:02:17,680 Speaker 2: I said, look, this acquark is going to go down, 44 00:02:18,200 --> 00:02:22,359 Speaker 2: but we're going to have a threat of lunatics having 45 00:02:23,040 --> 00:02:25,959 Speaker 2: a lunatics having a nuclear weapon. 46 00:02:25,960 --> 00:02:27,520 Speaker 1: I deal with them. I deal with them. 47 00:02:27,560 --> 00:02:30,160 Speaker 2: I say it to them, I say, you people are crazy. 48 00:02:30,880 --> 00:02:33,280 Speaker 1: I deal with them, they talk differently. 49 00:02:33,760 --> 00:02:37,240 Speaker 2: I say, you're crazy, you're crazy people, you're nuts. You're 50 00:02:37,240 --> 00:02:39,960 Speaker 2: not having a nuclear weapon. They think they can totally 51 00:02:40,560 --> 00:02:43,320 Speaker 2: into it, and they don't do very well with it. 52 00:02:43,400 --> 00:02:45,800 Speaker 1: But well, they know how I feel. They can't have 53 00:02:45,840 --> 00:02:46,560 Speaker 1: a nuclear weapon. 54 00:02:46,560 --> 00:02:49,080 Speaker 2: They would use it within an hour after getting it. 55 00:02:49,480 --> 00:02:52,040 Speaker 3: You know, I wish he'd mix in a little religious fanatic. 56 00:02:52,080 --> 00:02:54,720 Speaker 3: Maybe he wants to stay away from that, but I'm 57 00:02:54,760 --> 00:02:59,840 Speaker 3: glad to hear his resolve is apparently unflinching as it is. 58 00:03:00,280 --> 00:03:02,680 Speaker 4: Sure seems to be on the whole they can't have 59 00:03:02,680 --> 00:03:06,400 Speaker 4: a nuclear weapon thing. Sure seems to be good, and yeah, 60 00:03:06,480 --> 00:03:09,519 Speaker 4: he needs to be solid on that. But if you 61 00:03:09,520 --> 00:03:11,520 Speaker 4: didn't follow it over the weekend, the brief version is, 62 00:03:11,680 --> 00:03:15,040 Speaker 4: you know, we sent them our one page memorandum that included, 63 00:03:15,680 --> 00:03:19,200 Speaker 4: you don't get a nuke, We're gonna grab the UH 64 00:03:20,160 --> 00:03:24,240 Speaker 4: enriched uranium the straightens to be open. Their response was 65 00:03:24,480 --> 00:03:26,640 Speaker 4: we control the straight and we still get a nuke, 66 00:03:27,160 --> 00:03:29,160 Speaker 4: and Trump said, that's ridiculous. 67 00:03:29,360 --> 00:03:33,640 Speaker 3: I rejected wholeheartedly. So we'll see where it goes from here. 68 00:03:34,600 --> 00:03:39,560 Speaker 3: What do you think is happening behind the scenes. I 69 00:03:39,760 --> 00:03:40,720 Speaker 3: gotta believe. 70 00:03:40,440 --> 00:03:45,760 Speaker 4: It's a constantly changing, evolving situation where the players involved 71 00:03:45,760 --> 00:03:48,640 Speaker 4: don't even know who's got the power at any given moment. 72 00:03:48,760 --> 00:03:52,160 Speaker 3: Okay, behind the scenes there and iron I was. I meant, like, 73 00:03:52,320 --> 00:03:56,080 Speaker 3: among us and our allies, do you think we're getting 74 00:03:56,120 --> 00:03:58,400 Speaker 3: all our ducks in a row for a new round 75 00:03:58,400 --> 00:03:59,120 Speaker 3: of ass weapons? 76 00:03:59,720 --> 00:04:01,480 Speaker 1: Yeah? Yeah, I mean. 77 00:04:01,360 --> 00:04:04,280 Speaker 3: Because anybody who sees a glimmer of hope in these 78 00:04:04,360 --> 00:04:07,840 Speaker 3: negotiations has better vision than I do. I mean, it's 79 00:04:08,000 --> 00:04:12,360 Speaker 3: just ridiculous. It's practically a parody of negotiations. I mean, 80 00:04:12,400 --> 00:04:14,640 Speaker 3: you just laid out quite accurately, folks, I'm here to 81 00:04:14,680 --> 00:04:17,720 Speaker 3: back jack. You laid out quite accurately the exchange of 82 00:04:17,760 --> 00:04:20,520 Speaker 3: proposals over the weekend. That sounds like a parody. 83 00:04:20,920 --> 00:04:24,920 Speaker 4: Yeah, it really does of something you would call a negotiation. 84 00:04:25,360 --> 00:04:31,159 Speaker 4: Yeah yeah, yeah, I'd like to buy your car for 85 00:04:31,400 --> 00:04:32,000 Speaker 4: one dollar. 86 00:04:33,400 --> 00:04:37,440 Speaker 1: I'm not selling my car for a dollar. Negotiations are ongoing, yeah, 87 00:04:37,760 --> 00:04:38,120 Speaker 1: or you. 88 00:04:38,040 --> 00:04:40,560 Speaker 3: Know, I'll offer you one dollar and you have to 89 00:04:40,600 --> 00:04:44,240 Speaker 3: throw in your wife. Well, the car costs fifty million 90 00:04:44,320 --> 00:04:47,520 Speaker 3: dollars and you have to cut off your hand, So 91 00:04:47,640 --> 00:04:52,760 Speaker 3: let's go st are ongoing exactly what Hey, different topic, 92 00:04:53,080 --> 00:04:57,800 Speaker 3: same theme though, I mean the same backdrop the war 93 00:04:57,839 --> 00:05:00,360 Speaker 3: in Iran. We've talked about this some. It's gotten a 94 00:05:00,400 --> 00:05:01,479 Speaker 3: lot of news coverage. 95 00:05:02,000 --> 00:05:08,080 Speaker 4: People who somehow are getting info and then being able 96 00:05:08,080 --> 00:05:11,080 Speaker 4: to trade stocks, particularly around oil, and making lots of 97 00:05:11,120 --> 00:05:14,520 Speaker 4: money having information the rest of us don't have. 98 00:05:14,839 --> 00:05:16,960 Speaker 1: ABC News took a look at this last night. 99 00:05:17,760 --> 00:05:21,240 Speaker 5: Sources tell ABC News the Justice Department is investigating two 100 00:05:21,320 --> 00:05:25,520 Speaker 5: point six billion dollars of suspiciously timed oil trades tied 101 00:05:25,560 --> 00:05:28,760 Speaker 5: to the Iran war. In at least four cases, oil 102 00:05:28,800 --> 00:05:32,520 Speaker 5: traders bet prices would drop right before they actually did. 103 00:05:32,880 --> 00:05:36,880 Speaker 5: Investigators now probing whether they'd received inside information. 104 00:05:37,760 --> 00:05:39,640 Speaker 1: So hint they did. 105 00:05:40,040 --> 00:05:44,960 Speaker 4: That's Trump's Justice Department that's looking into this. They go 106 00:05:45,000 --> 00:05:49,920 Speaker 4: on with the examples of people making trades right before 107 00:05:49,960 --> 00:05:51,479 Speaker 4: Trump comes out and makes an announcement. 108 00:05:52,480 --> 00:05:55,520 Speaker 5: On March twenty third, just fifteen minutes before President Trump 109 00:05:55,560 --> 00:05:59,080 Speaker 5: announced he would postpone attacks on Iron's power grid, traders 110 00:05:59,120 --> 00:06:02,200 Speaker 5: bet more than five hundred million dollars oil prices would 111 00:06:02,240 --> 00:06:04,440 Speaker 5: fall after the president's announcement. 112 00:06:04,640 --> 00:06:06,200 Speaker 1: That's exactly what happened. 113 00:06:06,680 --> 00:06:10,520 Speaker 5: Same story on April seventh, hours before Trump announced the ceasefire, 114 00:06:10,720 --> 00:06:13,480 Speaker 5: nearly one billion dollars in bets that oil would drop, 115 00:06:13,680 --> 00:06:16,640 Speaker 5: and it did. Twenty minutes before Iran announced the Strait 116 00:06:16,640 --> 00:06:19,440 Speaker 5: of Horror Moves would reopen, traders bet seven hundred and 117 00:06:19,480 --> 00:06:22,880 Speaker 5: sixty million dollars that oil would fall. It happened, And 118 00:06:22,920 --> 00:06:26,720 Speaker 5: on April twenty first, fifteen minutes before Trump extended the ceasefire, 119 00:06:26,839 --> 00:06:29,520 Speaker 5: four hundred thirty million dollars in bets came in and 120 00:06:29,560 --> 00:06:30,159 Speaker 5: paid off. 121 00:06:30,360 --> 00:06:31,880 Speaker 1: So this is not like. 122 00:06:33,800 --> 00:06:36,800 Speaker 4: All the nuclear scientists have disappeared in the last three years. 123 00:06:36,800 --> 00:06:39,880 Speaker 4: Here's Jim Jones is sixty two years old and died, 124 00:06:39,920 --> 00:06:42,640 Speaker 4: And no, this is not one of those you take 125 00:06:42,720 --> 00:06:46,479 Speaker 4: some random, random, danned data points and build a narrative 126 00:06:46,480 --> 00:06:48,960 Speaker 4: around that's just completely bs. 127 00:06:49,120 --> 00:06:55,120 Speaker 3: These people are actual psychics or we're getting inside information. Obviously, 128 00:06:56,120 --> 00:07:00,000 Speaker 3: fifteen minutes here, twenty minutes. There are you that please 129 00:07:00,040 --> 00:07:06,000 Speaker 3: ease stop it. There was consensus or research or trends 130 00:07:06,120 --> 00:07:08,560 Speaker 3: or whatever, you'd have lots and lots of bets of 131 00:07:08,600 --> 00:07:11,520 Speaker 3: that sort kind of ramping up as you get within 132 00:07:11,560 --> 00:07:14,160 Speaker 3: a couple of days. Blah blah blah plays fifteen minutes 133 00:07:14,200 --> 00:07:15,520 Speaker 3: before the announcement. 134 00:07:15,120 --> 00:07:15,640 Speaker 1: Stop him. 135 00:07:15,680 --> 00:07:18,400 Speaker 4: Even if it was people who think Trump always tacos, 136 00:07:18,480 --> 00:07:20,680 Speaker 4: I'm willing to bet money on he always tacos. He 137 00:07:20,720 --> 00:07:23,520 Speaker 4: wouldn't wait until fifteen minutes before he comes out to 138 00:07:23,520 --> 00:07:24,400 Speaker 4: make his announcement. 139 00:07:24,880 --> 00:07:27,000 Speaker 3: Well right, And a lot of those announcements are not 140 00:07:27,080 --> 00:07:32,240 Speaker 3: even like promoted. Yeah, yeah, they're not scheduled per se. Yeah, yeah, yeah, exactly. 141 00:07:32,280 --> 00:07:35,080 Speaker 4: It's not a at nine o'clock today, Trump will announce 142 00:07:35,160 --> 00:07:38,200 Speaker 4: whether or not we're going to proceed with the war. 143 00:07:38,400 --> 00:07:42,600 Speaker 1: That's not the way they unfold, right right, Yeah, he 144 00:07:42,840 --> 00:07:43,520 Speaker 1: just out. 145 00:07:43,280 --> 00:07:46,440 Speaker 4: Of nowhere when the deadline was five o'clock tonight, all 146 00:07:46,480 --> 00:07:48,160 Speaker 4: of a sudden, he will in the Oval office like 147 00:07:48,200 --> 00:07:51,000 Speaker 4: he is right now. He'd say I'm going to extend 148 00:07:51,000 --> 00:07:53,480 Speaker 4: it for another two days, and people bet on that 149 00:07:53,560 --> 00:07:55,680 Speaker 4: fifteen minutes before he said that. So, I mean that 150 00:07:55,840 --> 00:08:00,880 Speaker 4: is a hundred percent somebody got the heads up. The 151 00:08:00,920 --> 00:08:04,360 Speaker 4: only thing I don't get is if it's if Trump's involved, 152 00:08:05,000 --> 00:08:08,160 Speaker 4: why would he spread it around to wouldn't he keep 153 00:08:08,160 --> 00:08:11,320 Speaker 4: it tighter to people he knows family? 154 00:08:11,600 --> 00:08:13,400 Speaker 1: Maybe he is. I don't know. How many people do 155 00:08:13,400 --> 00:08:15,160 Speaker 1: they think are in I don't know. I don't know. 156 00:08:15,200 --> 00:08:18,280 Speaker 3: Man, that's a lot of money, Yes it is. Well, 157 00:08:18,280 --> 00:08:20,480 Speaker 3: there's something really really uncool. 158 00:08:20,120 --> 00:08:20,760 Speaker 1: Going on here. 159 00:08:20,880 --> 00:08:24,440 Speaker 3: Yeah, clearly well, it's I'm sure folks are yelling at 160 00:08:24,440 --> 00:08:28,800 Speaker 3: their radio right now that that's become Well, here's a question. 161 00:08:28,800 --> 00:08:31,600 Speaker 3: I'm going to present this as a question of the 162 00:08:31,840 --> 00:08:36,680 Speaker 3: net worth of all of the rich people. To find 163 00:08:36,679 --> 00:08:42,800 Speaker 3: that how you want? Within twenty five miles of Washington, DC. 164 00:08:43,920 --> 00:08:47,959 Speaker 3: What percentage of that net worth is generated by insider 165 00:08:48,000 --> 00:08:52,440 Speaker 3: information about the functioning of government? Lots of it. It's significant. Yeah, 166 00:08:53,480 --> 00:08:56,520 Speaker 3: it's like oil is to Texas. I mean it's a chunk, 167 00:08:57,240 --> 00:08:59,000 Speaker 3: that's that's yeah. 168 00:08:59,559 --> 00:08:59,960 Speaker 1: I don't know. 169 00:09:01,080 --> 00:09:04,079 Speaker 3: Hey, two hundred and fifty years is a good run. 170 00:09:05,040 --> 00:09:08,840 Speaker 3: There's no reason to be ashamed. It's like Tom Brady 171 00:09:08,880 --> 00:09:13,040 Speaker 3: retiring in his forties. It's disappointing, but let's be realistic. 172 00:09:13,040 --> 00:09:14,640 Speaker 3: We got two hundred and fifty good years. 173 00:09:14,880 --> 00:09:17,480 Speaker 1: I got a question for you, see if I can 174 00:09:17,480 --> 00:09:19,960 Speaker 1: find it here? So many texts today? Is this insider 175 00:09:20,000 --> 00:09:21,360 Speaker 1: trading question? The other day. 176 00:09:24,040 --> 00:09:27,640 Speaker 3: I wish I knew anything worth trading on. Boy, would I? 177 00:09:27,640 --> 00:09:29,679 Speaker 3: I would insider trade like a sumbitch. 178 00:09:30,520 --> 00:09:33,360 Speaker 1: See if I can find this they overheard something? 179 00:09:34,040 --> 00:09:36,760 Speaker 3: Are there any prediction markets on whether we will use 180 00:09:36,760 --> 00:09:40,000 Speaker 3: a certain word because I will sell out? I mean, 181 00:09:40,080 --> 00:09:45,000 Speaker 3: you come quant you name it probably the funniest. 182 00:09:44,520 --> 00:09:47,600 Speaker 1: Word in the English language. Come quant So somebody texted 183 00:09:47,600 --> 00:09:48,360 Speaker 1: me this the other day. 184 00:09:48,960 --> 00:09:52,520 Speaker 4: Hey, if I overheard the VP of a big oil 185 00:09:52,559 --> 00:09:55,440 Speaker 4: company telling a politician about a stock that may or 186 00:09:55,440 --> 00:09:57,960 Speaker 4: may not make money, is it insider trading? If I 187 00:09:58,040 --> 00:10:02,120 Speaker 4: buy the stock or just let eavesdropping? What if you 188 00:10:02,280 --> 00:10:04,560 Speaker 4: just they're not in the industry at all. Oh no, 189 00:10:04,800 --> 00:10:06,880 Speaker 4: they were just at a at a social. 190 00:10:06,720 --> 00:10:09,160 Speaker 1: Thing and apparently have good ears. 191 00:10:10,640 --> 00:10:13,480 Speaker 3: I don't think there's any such thing as secondhand insider 192 00:10:13,520 --> 00:10:17,000 Speaker 3: trading because you are not. You know, they did not 193 00:10:17,200 --> 00:10:20,840 Speaker 3: intentionally share that information with you for the purpose of trading. 194 00:10:21,320 --> 00:10:22,360 Speaker 1: You just heard it. 195 00:10:22,440 --> 00:10:24,240 Speaker 4: That's what I said too, and I was hoping my 196 00:10:24,360 --> 00:10:26,560 Speaker 4: advice was correct and they don't end up in prison. 197 00:10:26,800 --> 00:10:28,560 Speaker 4: Sorry about that, I was wrong. You should have asked 198 00:10:28,640 --> 00:10:30,760 Speaker 4: Chad GBT instead of me a disc jockey. 199 00:10:31,080 --> 00:10:34,559 Speaker 3: If I'm outside an oil refinery and a guy runs 200 00:10:34,600 --> 00:10:37,000 Speaker 3: out saying it's a fire, it's gonna burn the whole 201 00:10:37,040 --> 00:10:41,480 Speaker 3: place down, and I trade on that, that's not insider trading. 202 00:10:42,440 --> 00:10:48,520 Speaker 3: That's observation, just keeping your ear to the ground exactly. Yeah, 203 00:10:48,559 --> 00:10:49,120 Speaker 3: trade away. 204 00:10:50,800 --> 00:10:51,920 Speaker 1: But if I. 205 00:10:51,600 --> 00:10:55,480 Speaker 4: Trade tens of millions of dollars with an oil stock 206 00:10:55,600 --> 00:10:59,480 Speaker 4: fifteen minutes before Trump announces he's like stending a ceasefire 207 00:10:59,559 --> 00:11:00,360 Speaker 4: or something like that. 208 00:11:01,520 --> 00:11:03,439 Speaker 1: Uh, something's going on. 209 00:11:04,120 --> 00:11:05,959 Speaker 3: You know, I should I probably shouldn't admit to this 210 00:11:06,000 --> 00:11:08,120 Speaker 3: hanging end up in a cell next to Martha Stewart 211 00:11:08,760 --> 00:11:15,320 Speaker 3: many years ago a friend as usual, every story told 212 00:11:15,320 --> 00:11:17,520 Speaker 3: on the Armstrong and Yetty Show is entirely fictional. 213 00:11:17,640 --> 00:11:18,960 Speaker 1: This is an entertainment program. 214 00:11:19,160 --> 00:11:22,560 Speaker 3: A friend who is in why don't I say, Uh, 215 00:11:23,800 --> 00:11:30,720 Speaker 3: the automotive business said, take a look at my company's 216 00:11:30,720 --> 00:11:35,320 Speaker 3: stock now, it's a really good time to buy. We've 217 00:11:35,440 --> 00:11:39,040 Speaker 3: broken through on the blankety blank. Except it was more 218 00:11:39,160 --> 00:11:41,360 Speaker 3: vague than that. But you know, I'm. 219 00:11:41,080 --> 00:11:43,800 Speaker 1: Reasonable pretty insidery trading to me. I took. 220 00:11:43,960 --> 00:11:47,760 Speaker 3: I took the message. He essentially said, look, my company 221 00:11:47,840 --> 00:11:49,160 Speaker 3: stock is about to go away up. 222 00:11:49,200 --> 00:11:51,920 Speaker 1: And did you? And did it? I did some. 223 00:11:52,960 --> 00:11:54,959 Speaker 3: I didn't go heavily into it because I didn't have 224 00:11:55,080 --> 00:11:58,320 Speaker 3: very much money, but uh, it went up a very 225 00:11:58,400 --> 00:12:00,640 Speaker 3: little bit for a while. Then it went down again, 226 00:12:02,960 --> 00:12:05,960 Speaker 3: and I think was below the level had been when 227 00:12:05,960 --> 00:12:14,199 Speaker 3: I bought it. Taken out of insider trading. Ever, thanks 228 00:12:14,200 --> 00:12:16,520 Speaker 3: for nothing, no if with my insider trading guy ended 229 00:12:16,559 --> 00:12:20,800 Speaker 3: up with less money. That's no good. Maybe he was 230 00:12:20,840 --> 00:12:24,400 Speaker 3: selling the stock short. It was a pump and dull 231 00:12:25,720 --> 00:12:26,280 Speaker 3: was the jump. 232 00:12:26,320 --> 00:12:28,120 Speaker 1: He's going around talking out of the side of his mouth. 233 00:12:28,160 --> 00:12:29,760 Speaker 1: Everybody can find he's at the bagel place. 234 00:12:30,040 --> 00:12:33,280 Speaker 4: So I work for ACME Industry, and I'm just just 235 00:12:33,280 --> 00:12:33,920 Speaker 4: just letting you know. 236 00:12:34,040 --> 00:12:36,560 Speaker 3: We gotta pick up truck. It's four hundred miles per gallon. 237 00:12:38,360 --> 00:12:45,800 Speaker 3: Bye bye, pumping nump jump. That's right, that's how it goes. 238 00:12:45,840 --> 00:12:46,160 Speaker 1: Anything. 239 00:12:46,160 --> 00:12:47,640 Speaker 4: Well, he told me out of the side of his mouth, 240 00:12:47,679 --> 00:12:52,040 Speaker 4: so it must be pretty uh pretty secret. 241 00:12:51,720 --> 00:12:52,920 Speaker 1: Stuff coming up. 242 00:12:53,080 --> 00:12:54,880 Speaker 3: Mentioned this a couple of times, finally going to clear 243 00:12:54,880 --> 00:12:59,439 Speaker 3: away a little time for it. The unbelievable, well unbelievable 244 00:12:59,640 --> 00:13:02,679 Speaker 3: that we're is used to incorrectly, or at least I did, 245 00:13:02,720 --> 00:13:08,280 Speaker 3: the utterly predictable and perfectly believable flow of taxpayer revenue 246 00:13:08,760 --> 00:13:10,520 Speaker 3: from blue states to red states. 247 00:13:11,800 --> 00:13:15,199 Speaker 1: Who would have predicted that, Oh we did, We got 248 00:13:15,200 --> 00:13:17,720 Speaker 1: lots on the way. Stay there. 249 00:13:24,120 --> 00:13:27,760 Speaker 4: Tina Charles, the WNBA's all time leading rebound announced that 250 00:13:27,840 --> 00:13:31,839 Speaker 4: she is retiring. Charles credits her rebounding success to w 251 00:13:32,040 --> 00:13:33,520 Speaker 4: NBA players missing a lot. 252 00:13:37,440 --> 00:13:41,600 Speaker 1: I thought that was funny. Wow, it's bad basketball. 253 00:13:41,800 --> 00:13:45,360 Speaker 4: Was that punchline sorted talking about eating challenges because my 254 00:13:45,400 --> 00:13:47,920 Speaker 4: son wants to do one this summer, something on vacation 255 00:13:47,960 --> 00:13:49,280 Speaker 4: where you go where you get a T shirt or 256 00:13:49,320 --> 00:13:51,199 Speaker 4: your picture on the wall or something like that. Wow, 257 00:13:51,520 --> 00:13:53,840 Speaker 4: this is one of those that nobody's ever done, so 258 00:13:54,480 --> 00:13:56,400 Speaker 4: but I just thought it was still interesting. It's it's 259 00:13:56,440 --> 00:14:00,600 Speaker 4: a It's at a place called That Bar in Danville, California, 260 00:14:00,600 --> 00:14:03,760 Speaker 4: which isn't that far from me. I like the name 261 00:14:03,760 --> 00:14:06,800 Speaker 4: of the bar, That Bar, and they have a that burger. 262 00:14:07,240 --> 00:14:11,320 Speaker 4: It's roughly a foot in diameter with two angus patties, 263 00:14:11,360 --> 00:14:13,480 Speaker 4: one of which has a hole in the middle holding 264 00:14:13,520 --> 00:14:14,920 Speaker 4: a grilled cheese sandwich. 265 00:14:16,400 --> 00:14:18,480 Speaker 1: Wait a minute, I like that as a touch. 266 00:14:19,680 --> 00:14:21,160 Speaker 4: Drill a hole in the middle of one of the 267 00:14:21,200 --> 00:14:23,040 Speaker 4: patties and fill it with the grilled cheese. 268 00:14:23,880 --> 00:14:24,960 Speaker 1: Who thought of that? 269 00:14:25,040 --> 00:14:28,680 Speaker 4: I don't know, topped with four cheeses, cheddar American pepper 270 00:14:28,760 --> 00:14:30,840 Speaker 4: jack and Swiss and a woven bacon patty. 271 00:14:31,880 --> 00:14:33,360 Speaker 1: I've got a picture of it if you would like 272 00:14:33,400 --> 00:14:36,640 Speaker 1: to see it. There's a lot there. Yeah, I mean, 273 00:14:37,160 --> 00:14:38,920 Speaker 1: you know, just the description. 274 00:14:39,240 --> 00:14:40,720 Speaker 4: Well, here's a picture of it, and you got to 275 00:14:40,760 --> 00:14:42,960 Speaker 4: notice the guy behind him for behind the burger for 276 00:14:43,040 --> 00:14:43,880 Speaker 4: a little perspective. 277 00:14:44,040 --> 00:14:47,360 Speaker 1: That is a large burger. No, that's a big but 278 00:14:47,600 --> 00:14:51,840 Speaker 1: so another option. Did you say nobody's eating that though? Yeah, exactly. 279 00:14:51,840 --> 00:14:53,640 Speaker 1: I'm surprised. Kind of takes the fun out of it. 280 00:14:53,640 --> 00:14:56,400 Speaker 3: I mean it's huge, obviously, but if somebody ate the 281 00:14:56,840 --> 00:14:59,560 Speaker 3: what was the steak with the legendary steak from Texas? 282 00:14:59,600 --> 00:15:02,880 Speaker 4: I mean ninety six it was completely undoable and somebody 283 00:15:02,880 --> 00:15:04,960 Speaker 4: did it. Twelve percent of people do it. 284 00:15:05,440 --> 00:15:05,680 Speaker 1: Wow. 285 00:15:07,160 --> 00:15:10,880 Speaker 4: There's a place called the Kitchen Sink San Francisco Creamer. 286 00:15:10,960 --> 00:15:14,080 Speaker 4: It's an ice cream place and it's in Walnut Creek. 287 00:15:14,160 --> 00:15:20,200 Speaker 4: Actually eight extra large scoops of ice cream, three bananas, Wow, 288 00:15:20,480 --> 00:15:22,560 Speaker 4: toasted almonds, cherries, and a mountain of whip cream. The 289 00:15:22,560 --> 00:15:24,640 Speaker 4: whipped cream it actually be the hardest part from me. Oh, 290 00:15:25,600 --> 00:15:27,880 Speaker 4: served in an actual sink style bowl. You finish it 291 00:15:27,880 --> 00:15:29,680 Speaker 4: in thirty minutes. You get the meal free and a 292 00:15:29,720 --> 00:15:34,080 Speaker 4: commemorative T shirt on the wall of fame. And people 293 00:15:34,080 --> 00:15:36,600 Speaker 4: do it semi regularly. So the last person to do 294 00:15:36,640 --> 00:15:40,840 Speaker 4: it the fastest did it in nineteen minutes. But it looks, 295 00:15:40,920 --> 00:15:43,240 Speaker 4: it looks doable, but you would feel horrible. So I 296 00:15:43,240 --> 00:15:47,880 Speaker 4: think that might be our best bet to early early opportunity. 297 00:15:48,000 --> 00:15:50,640 Speaker 3: Yeah, something one in tennish strikes me is the real 298 00:15:50,760 --> 00:15:52,800 Speaker 3: sweet spot for a can. 299 00:15:52,720 --> 00:15:54,120 Speaker 1: You eat it you get a T shirt? 300 00:15:54,360 --> 00:15:57,280 Speaker 4: I agree, Probably doable, but really hard because if half 301 00:15:57,280 --> 00:15:59,280 Speaker 4: of people do it, it's not that. If nobody does it, 302 00:15:59,320 --> 00:16:00,000 Speaker 4: there's just no point. 303 00:16:00,600 --> 00:16:02,920 Speaker 1: Yeah, I like the old ninety six er. 304 00:16:04,880 --> 00:16:07,520 Speaker 4: You've probably heard about the quadruple bypassed Burger. This's got 305 00:16:07,520 --> 00:16:09,160 Speaker 4: a lot of attention when it first came out. If 306 00:16:09,160 --> 00:16:11,440 Speaker 4: the heart attack Grill in Las Vegas, everybody thought it 307 00:16:11,480 --> 00:16:12,800 Speaker 4: was just so politically. 308 00:16:12,880 --> 00:16:14,520 Speaker 3: It was brought to you by a chick dressed as 309 00:16:14,520 --> 00:16:18,000 Speaker 3: a nurse, right, Yeah, four half pound patties cooked in lard, 310 00:16:18,720 --> 00:16:21,920 Speaker 3: topped with eight slices of cheese and piles of caramelized onions. 311 00:16:22,320 --> 00:16:26,280 Speaker 4: Challengers wear a hospital gown, and finishers get wheeled out 312 00:16:26,280 --> 00:16:27,800 Speaker 4: in a wheelchair. 313 00:16:28,880 --> 00:16:32,120 Speaker 1: And the yeah, the waitresses are dressed as nurse is 314 00:16:32,200 --> 00:16:38,040 Speaker 1: so Vegas. It's perfect. It's perfectly horrifically American. 315 00:16:37,720 --> 00:16:41,000 Speaker 4: And perfectly fine. Sure, if you want to do that 316 00:16:41,040 --> 00:16:41,560 Speaker 4: sort of thing. 317 00:16:43,320 --> 00:16:46,800 Speaker 3: Heart disease actually claims one hundred thousand lions a blah 318 00:16:46,800 --> 00:16:49,760 Speaker 3: blah by it'll be fine. We joke about the things 319 00:16:49,760 --> 00:16:51,480 Speaker 3: we fear, and we eat giant burgers. 320 00:16:52,440 --> 00:16:54,080 Speaker 4: I like the idea of drilling a hole in one 321 00:16:54,120 --> 00:16:56,200 Speaker 4: patty and putting a grilled cheese seandwhich are there for 322 00:16:56,240 --> 00:16:57,680 Speaker 4: no reason whatsoever. 323 00:16:57,760 --> 00:17:02,240 Speaker 1: A grilled cheese sandwich. That's odd. 324 00:17:02,960 --> 00:17:06,960 Speaker 3: So they're calling it the biggest wealth transfer in American history, 325 00:17:07,400 --> 00:17:09,560 Speaker 3: and it's not the usual one. I'm talking about thieving 326 00:17:09,640 --> 00:17:13,360 Speaker 3: from our children by overspending our tax dollars and accumulating 327 00:17:13,400 --> 00:17:16,960 Speaker 3: horrific debts. It's not happening on Wall Street. It's happening 328 00:17:17,040 --> 00:17:20,040 Speaker 3: in U hauls. We'll tell you about the tax dollars 329 00:17:20,040 --> 00:17:22,119 Speaker 3: and leaving the Blue States and heading to the Red ones. 330 00:17:22,960 --> 00:17:26,960 Speaker 1: Armstrong and Getty. So the things we've learned. 331 00:17:27,320 --> 00:17:31,440 Speaker 4: Don't run onto tarmacs in the middle of the night 332 00:17:31,480 --> 00:17:32,480 Speaker 4: at major airports. 333 00:17:33,480 --> 00:17:36,600 Speaker 3: Well, if you run onto it, don't stay there. Don't 334 00:17:36,640 --> 00:17:40,200 Speaker 3: bird watch in landfills in Argentina. These are all things 335 00:17:40,200 --> 00:17:40,720 Speaker 3: we've learned. 336 00:17:40,960 --> 00:17:42,879 Speaker 1: Wow, if you. 337 00:17:42,920 --> 00:17:49,399 Speaker 3: Missed our rant about how mind bogglingly inexplicably stupid the 338 00:17:49,480 --> 00:17:53,120 Speaker 3: media is fixation on hantaviruses, it was in an earlier hour. 339 00:17:53,200 --> 00:17:54,800 Speaker 1: Grab it the. 340 00:17:54,760 --> 00:17:58,240 Speaker 3: Podcast Armstrong and gettyon demand, Michael, get the price is 341 00:17:58,359 --> 00:18:00,960 Speaker 3: right clip ready for us for a little A couple 342 00:18:01,040 --> 00:18:03,800 Speaker 3: of moments from now, I'm gonna be talking about money, 343 00:18:05,240 --> 00:18:07,320 Speaker 3: and this is you know, I was trying to describe 344 00:18:07,600 --> 00:18:11,240 Speaker 3: or trying to figure out how to present this, and 345 00:18:11,280 --> 00:18:13,280 Speaker 3: it occurred to me as I'm walking back to the 346 00:18:13,280 --> 00:18:15,040 Speaker 3: studio that. 347 00:18:17,119 --> 00:18:20,840 Speaker 1: This is either so obvious. 348 00:18:20,359 --> 00:18:23,800 Speaker 3: To you you can't understand why it would have to 349 00:18:23,840 --> 00:18:27,360 Speaker 3: be explained, or you can't accept it at all. 350 00:18:28,560 --> 00:18:30,480 Speaker 1: To me, explaining how. 351 00:18:31,880 --> 00:18:35,359 Speaker 3: A lot of blue states had made it so difficult 352 00:18:35,400 --> 00:18:40,439 Speaker 3: to conduct business and taxed people of high earning levels 353 00:18:40,840 --> 00:18:44,000 Speaker 3: so aggressively that they're leaving and they're losing revenue, It's 354 00:18:44,040 --> 00:18:46,080 Speaker 3: like somebody said to me, you know, I had a 355 00:18:46,119 --> 00:18:49,600 Speaker 3: friend and I like to punch it on the face randomly, 356 00:18:49,920 --> 00:18:53,719 Speaker 3: and sometimes i'd poke his eyes and I really enjoyed that, 357 00:18:53,760 --> 00:18:57,160 Speaker 3: and now he won't call me back. It's like, well, 358 00:18:57,240 --> 00:19:04,280 Speaker 3: of course, well, here's a financial guru cominging. This is 359 00:19:04,280 --> 00:19:07,159 Speaker 3: the biggest wealth transfer in American history. Not happening on 360 00:19:07,200 --> 00:19:10,240 Speaker 3: Wall Street. It's happening on U hauls. Over two trillion 361 00:19:10,280 --> 00:19:13,800 Speaker 3: dollars in income fled high tax Blue states for low 362 00:19:13,840 --> 00:19:17,280 Speaker 3: tax red states in just the last eleven years, essentially 363 00:19:17,640 --> 00:19:22,200 Speaker 3: the Trump and Biden years, and the Blue states solution, 364 00:19:22,440 --> 00:19:24,760 Speaker 3: he points out, is to raise taxes again. 365 00:19:25,920 --> 00:19:31,200 Speaker 1: But it's really quite stunning. The thirty one Trump. 366 00:19:30,960 --> 00:19:39,359 Speaker 3: States have gained two point two billion dollars in earner revenue, 367 00:19:40,560 --> 00:19:44,960 Speaker 3: just earnings, and the Harris states including d C, have 368 00:19:45,240 --> 00:19:49,520 Speaker 3: lost just short of two billion dollars. In fairness, there 369 00:19:49,520 --> 00:19:52,520 Speaker 3: are a few Blue states like Colorado, Washington, Oregon that 370 00:19:52,560 --> 00:19:56,119 Speaker 3: have gained a little bit of income, partly because a 371 00:19:56,119 --> 00:20:01,400 Speaker 3: lot of folks are fleeing California to those states because 372 00:20:01,440 --> 00:20:03,720 Speaker 3: they like the West coast or the West in general, 373 00:20:04,400 --> 00:20:07,640 Speaker 3: and they think, well, it's probably less bad. But yeah, 374 00:20:07,720 --> 00:20:13,240 Speaker 3: I mean, you've got the five worst. Maryland the lost 375 00:20:13,520 --> 00:20:15,600 Speaker 3: one hundred and twenty billion this small print, and I'm 376 00:20:15,640 --> 00:20:19,920 Speaker 3: old New Jersey lost two hundred and twelve billion, Illinois 377 00:20:20,000 --> 00:20:23,280 Speaker 3: left three hundred and ninety nine billion in earnings, California 378 00:20:23,400 --> 00:20:28,479 Speaker 3: five hundred and three billion, and New York New York, Mom, Donnie, 379 00:20:29,560 --> 00:20:32,320 Speaker 3: six hundred and sixty billion dollars. And a lot of 380 00:20:32,320 --> 00:20:34,720 Speaker 3: that is backloaded toward more recently. 381 00:20:35,640 --> 00:20:38,280 Speaker 4: And that's why you got the governor, I guess talking 382 00:20:38,320 --> 00:20:42,400 Speaker 4: about how it's unpatriotic to not stay and pay your taxes, 383 00:20:42,440 --> 00:20:43,600 Speaker 4: which is one. 384 00:20:43,400 --> 00:20:46,240 Speaker 1: Of the craziest theories I've ever heard. 385 00:20:46,280 --> 00:20:49,280 Speaker 3: And her one Bizarro statement that you ought to you 386 00:20:49,320 --> 00:20:51,679 Speaker 3: want to help a country in the New York go 387 00:20:51,760 --> 00:20:53,720 Speaker 3: down to Palm Beach and drag people back. 388 00:20:54,080 --> 00:20:55,480 Speaker 1: How would that work? Exactly? 389 00:20:56,119 --> 00:21:01,840 Speaker 3: But a couple at least, well just a billionaire big wigs. 390 00:21:02,520 --> 00:21:04,320 Speaker 3: If you're in the finance you probably know the names 391 00:21:04,359 --> 00:21:07,520 Speaker 3: Ken Griffin, Mark Rowan. They're taking thousands of jobs out 392 00:21:07,560 --> 00:21:10,639 Speaker 3: of the Big Apple and moving out, as quote a 393 00:21:10,760 --> 00:21:15,280 Speaker 3: direct consequence of Mayormon Donnie's tax the rich antics, and 394 00:21:15,600 --> 00:21:17,720 Speaker 3: there are serious fears in New York that a big 395 00:21:17,760 --> 00:21:21,280 Speaker 3: money exodus is on the way. Mamdonnie poked Griffin. You 396 00:21:21,320 --> 00:21:26,680 Speaker 3: may recall this. He did a video outside Griffin's place 397 00:21:26,800 --> 00:21:31,080 Speaker 3: in New York in Midtown. He used it as a 398 00:21:31,119 --> 00:21:34,280 Speaker 3: backdrop to drum up support for a proposed tax on 399 00:21:34,359 --> 00:21:37,720 Speaker 3: luxury second homes in the city and actually named Griffin 400 00:21:39,080 --> 00:21:42,359 Speaker 3: and everything. An appalled Griffin first threatened to scrap a 401 00:21:42,520 --> 00:21:46,720 Speaker 3: big giant development on Park Avenue, then told CNBC on 402 00:21:46,760 --> 00:21:49,439 Speaker 3: Tuesday that the creepy video spurred him to expand his 403 00:21:49,480 --> 00:21:52,200 Speaker 3: firm's hub in Florida. Quote, we will add far more 404 00:21:52,280 --> 00:21:54,760 Speaker 3: jobs in Miami over the next decade as an immediate 405 00:21:54,760 --> 00:21:57,400 Speaker 3: and direct consequence of the mayor's poor decision here with 406 00:21:57,440 --> 00:21:59,119 Speaker 3: respect to his posting of that video. 407 00:22:00,160 --> 00:22:01,520 Speaker 1: And is blah blah blah. 408 00:22:01,560 --> 00:22:05,000 Speaker 3: It's many New York leaders, including Governor hoekle Of publicly 409 00:22:05,000 --> 00:22:08,280 Speaker 3: and privately warned Mundani's rabble rousing is going to cause 410 00:22:08,320 --> 00:22:10,800 Speaker 3: even more and more of this, So I won't bother 411 00:22:10,840 --> 00:22:15,640 Speaker 3: with the other guy's story. But it's thousands of jobs 412 00:22:15,760 --> 00:22:20,520 Speaker 3: and billions of dollars in revenue which can be taxed there. 413 00:22:20,720 --> 00:22:27,280 Speaker 4: So we've all heard the joke, proposition, thought experiment, whatever 414 00:22:27,280 --> 00:22:29,560 Speaker 4: it is. Where how about we divide into two countries, 415 00:22:30,359 --> 00:22:33,680 Speaker 4: you know, the conservatives and the socialists of the people 416 00:22:33,680 --> 00:22:35,480 Speaker 4: on the left, and we'll see how we're all do 417 00:22:35,520 --> 00:22:36,200 Speaker 4: it in ten years. 418 00:22:36,480 --> 00:22:39,640 Speaker 1: It looks like we're maybe kind of trying that. Yeah, yeah, 419 00:22:39,680 --> 00:22:42,359 Speaker 1: because the Blue States people are leaving. 420 00:22:42,359 --> 00:22:45,560 Speaker 4: Not only are they high tax, they're high services, And 421 00:22:45,600 --> 00:22:47,560 Speaker 4: how are you going to pay for those right. 422 00:22:48,160 --> 00:22:53,000 Speaker 3: And enormous pension liabilities? And when those evil birds come 423 00:22:53,040 --> 00:22:55,760 Speaker 3: home to roost, what are they going to do? Raise 424 00:22:55,840 --> 00:22:58,679 Speaker 3: taxes again? I'm the quote unquote rich. You need to 425 00:22:58,680 --> 00:23:01,879 Speaker 3: pay their fair share. Finally, you can find anybody. A 426 00:23:01,880 --> 00:23:06,000 Speaker 3: couple of interesting stats. Texas and Florida continue to draw 427 00:23:06,040 --> 00:23:09,680 Speaker 3: the largest number of new residents, but South Carolina, where 428 00:23:09,680 --> 00:23:11,359 Speaker 3: I spend a great deal of my time, is growing 429 00:23:11,400 --> 00:23:14,920 Speaker 3: faster than any other state as a percentage as more 430 00:23:14,960 --> 00:23:17,719 Speaker 3: Americans continue to relocate across the country. This is all, 431 00:23:17,760 --> 00:23:21,560 Speaker 3: according to IRS data, broad shift towards the South. You've 432 00:23:21,600 --> 00:23:23,560 Speaker 3: heard about that, as Americans say they're making the move 433 00:23:23,600 --> 00:23:28,320 Speaker 3: for lower taxes, more jobs, higher quality of life. South 434 00:23:28,359 --> 00:23:31,240 Speaker 3: Carolina saw the biggest influx per capita, equal to just 435 00:23:31,400 --> 00:23:34,040 Speaker 3: over one percent of its population. 436 00:23:34,400 --> 00:23:38,320 Speaker 1: In what's the time period of that. Surely that can't 437 00:23:38,359 --> 00:23:38,920 Speaker 1: be a year. 438 00:23:39,680 --> 00:23:42,600 Speaker 4: And the worst thing is if you I want to 439 00:23:42,640 --> 00:23:46,000 Speaker 4: discover someplace that doesn't ever catch on, because I've been 440 00:23:46,080 --> 00:23:47,280 Speaker 4: places before they catch on. 441 00:23:47,440 --> 00:23:50,680 Speaker 1: Yeah, and then everybody comes and rootins it. Yeah, yeah, 442 00:23:50,720 --> 00:23:51,040 Speaker 1: that does. 443 00:23:51,280 --> 00:23:54,240 Speaker 4: Californians come and want to change the laws for some 444 00:23:54,280 --> 00:23:54,960 Speaker 4: weird reason. 445 00:23:55,119 --> 00:23:59,600 Speaker 3: I don't remember the Idaho Oh my god, yeah, don't California. 446 00:23:59,680 --> 00:24:04,360 Speaker 3: My eye ho slash Colorado slash Texas. 447 00:24:04,359 --> 00:24:05,120 Speaker 1: For what it's worth. 448 00:24:05,200 --> 00:24:10,359 Speaker 3: Back to that first, that first chart a South Cakilac, 449 00:24:10,400 --> 00:24:14,480 Speaker 3: which is not a huge state, but with the influx 450 00:24:14,520 --> 00:24:17,480 Speaker 3: of residents, they gain more than twenty nine thousand new 451 00:24:17,560 --> 00:24:21,520 Speaker 3: tax filers and roughly four point one billion dollars in 452 00:24:21,640 --> 00:24:26,920 Speaker 3: income for a smallish state, and they mentioned this shift 453 00:24:26,960 --> 00:24:29,040 Speaker 3: is likely to boost local economies in the state as 454 00:24:29,119 --> 00:24:31,680 Speaker 3: new residents bring spending power and help fill open jobs 455 00:24:31,680 --> 00:24:36,280 Speaker 3: and growing industry. Not to mention tax revenue. Texas and 456 00:24:36,320 --> 00:24:39,520 Speaker 3: Florida are big, so they're much so they're the number 457 00:24:39,560 --> 00:24:45,480 Speaker 3: one terms of sheer people. But Texas led with oh 458 00:24:45,520 --> 00:24:47,840 Speaker 3: these are twenty twenty three, which is last numbers that 459 00:24:47,880 --> 00:24:51,800 Speaker 3: the IRS has ready fifty six thousand, four hundred and 460 00:24:51,840 --> 00:24:55,080 Speaker 3: seventy three new residents, followed by Florida with fifty five 461 00:24:55,160 --> 00:24:58,080 Speaker 3: thousand or so. The gains come with some of the 462 00:24:58,160 --> 00:25:00,600 Speaker 3: nation's most expensive states, which are run by Democrats, are 463 00:25:00,640 --> 00:25:03,040 Speaker 3: seeing the Biggs losses. California is down more than one 464 00:25:03,119 --> 00:25:07,840 Speaker 3: hundred thousand tax filers, not people. 465 00:25:08,040 --> 00:25:08,840 Speaker 1: Tax filers. 466 00:25:08,880 --> 00:25:11,560 Speaker 4: Yeah, that's a good way to count tax fire filers 467 00:25:11,600 --> 00:25:15,680 Speaker 4: as opposed to if you're growing through illegal immigration or 468 00:25:15,760 --> 00:25:16,280 Speaker 4: whatever else. 469 00:25:16,440 --> 00:25:19,600 Speaker 3: In New York, by nearly seventy two thousand tax filers 470 00:25:20,480 --> 00:25:23,520 Speaker 3: as South Carolina, for instance, gained twenty nine thousand. 471 00:25:23,800 --> 00:25:26,040 Speaker 1: You know what topic I haven't heard anybody bring up. 472 00:25:26,240 --> 00:25:28,800 Speaker 4: So we thought when COVID hit and a lot of 473 00:25:28,800 --> 00:25:31,399 Speaker 4: people went zoom, and there was some belief there for 474 00:25:31,440 --> 00:25:34,639 Speaker 4: a while that that might be permanent, that people would be. 475 00:25:34,640 --> 00:25:35,040 Speaker 1: Able to. 476 00:25:37,440 --> 00:25:41,000 Speaker 4: Move wherever they wanted, at least out of urban centers, 477 00:25:41,000 --> 00:25:44,880 Speaker 4: and that sort of stuff might restructure everything. That didn't 478 00:25:44,920 --> 00:25:47,359 Speaker 4: work out because so many places have decided, nah, we 479 00:25:47,480 --> 00:25:49,280 Speaker 4: like it better when you're here at work and all. 480 00:25:49,119 --> 00:25:49,879 Speaker 1: That sort of stuff. 481 00:25:50,160 --> 00:25:52,600 Speaker 4: But if AI happens the way they predict it, and 482 00:25:52,600 --> 00:25:56,680 Speaker 4: nobody's working and everybody's got you know, universal high income 483 00:25:56,760 --> 00:25:59,000 Speaker 4: or whatever, and you just don't have a job flat 484 00:25:59,040 --> 00:26:01,879 Speaker 4: at all, wonder what that will do to the distribution 485 00:26:01,960 --> 00:26:04,359 Speaker 4: of people around the country. I mean, if you not 486 00:26:04,920 --> 00:26:06,600 Speaker 4: only do you not have a zoom job, you don't 487 00:26:06,600 --> 00:26:09,240 Speaker 4: have a job at all, you really could live wherever 488 00:26:09,320 --> 00:26:09,920 Speaker 4: the hell you want. 489 00:26:10,080 --> 00:26:12,320 Speaker 1: Yeah, wonder what that will do to society. 490 00:26:12,520 --> 00:26:15,520 Speaker 3: Well, yeah, this gets back to our thought experiment of 491 00:26:15,560 --> 00:26:19,120 Speaker 3: a couple of weeks ago about what would a an 492 00:26:19,119 --> 00:26:21,960 Speaker 3: economy look like if there's no scarcity. But of course 493 00:26:22,440 --> 00:26:25,159 Speaker 3: they're not making more land as they say, maybe you 494 00:26:25,200 --> 00:26:27,719 Speaker 3: can develop plan, but I mean, so everybody would want 495 00:26:27,720 --> 00:26:30,199 Speaker 3: to live in San Diego, right, I mean, because it 496 00:26:30,200 --> 00:26:33,520 Speaker 3: would probably come down to climate and scenery and recreation 497 00:26:33,680 --> 00:26:34,440 Speaker 3: and that sort of thing. 498 00:26:34,920 --> 00:26:36,920 Speaker 1: I don't know when people choose different stuff. 499 00:26:36,960 --> 00:26:42,680 Speaker 3: I guess true enough, But if it gets too crowded, 500 00:26:42,800 --> 00:26:46,879 Speaker 3: the pleasure drops, right, and if it gets too expensive, 501 00:26:47,040 --> 00:26:50,679 Speaker 3: I mean, you just scarcity will always exist when it 502 00:26:50,720 --> 00:26:53,679 Speaker 3: comes to you know, only one guy can live in 503 00:26:53,680 --> 00:26:56,320 Speaker 3: the penthouse at the top of a building. 504 00:26:56,119 --> 00:26:58,719 Speaker 4: Right, So I just I've never heard anybody even brush 505 00:26:58,880 --> 00:26:59,960 Speaker 4: up against this topic. 506 00:27:02,600 --> 00:27:05,440 Speaker 3: But if everybody, you know, maybe I should hit my 507 00:27:05,960 --> 00:27:08,119 Speaker 3: AI with this instead of the other thing I asked it, 508 00:27:08,160 --> 00:27:11,159 Speaker 3: which was what would an economy with no scarcity look like? 509 00:27:11,240 --> 00:27:15,280 Speaker 3: And the things like, dude, you're blowing my mind. If 510 00:27:15,359 --> 00:27:22,840 Speaker 3: everybody made grossed a million dollars a year, you'd have 511 00:27:22,880 --> 00:27:25,439 Speaker 3: to make two million to gross a million, roughly. But 512 00:27:26,080 --> 00:27:30,359 Speaker 3: if everybody just got a million dollars a year, where 513 00:27:30,359 --> 00:27:30,920 Speaker 3: would you live? 514 00:27:32,200 --> 00:27:34,119 Speaker 1: What would the housing market look like? 515 00:27:34,640 --> 00:27:38,320 Speaker 4: Wouldn't they start charging one hundred and fifty thousand dollars 516 00:27:38,359 --> 00:27:39,919 Speaker 4: for a car though, because everybody has. 517 00:27:39,760 --> 00:27:42,520 Speaker 1: So much money, and who's going to build it. 518 00:27:43,160 --> 00:27:45,480 Speaker 3: Dude's like if you I'm not building your house, I 519 00:27:45,480 --> 00:27:51,760 Speaker 3: got a million dollars a year. Well, right, working robots, Oh, robots, Yes, 520 00:27:53,359 --> 00:27:56,679 Speaker 3: But I mean okay, So I don't know. Maybe you 521 00:27:56,720 --> 00:28:01,399 Speaker 3: know we were talking about South Carolina or like, we 522 00:28:01,760 --> 00:28:05,600 Speaker 3: love this Sierra Nevada, the beautiful mountains of northern California. 523 00:28:06,920 --> 00:28:08,760 Speaker 3: We had a place for a long time in the 524 00:28:08,760 --> 00:28:11,560 Speaker 3: Gray Eagle area, which is beautiful. It's up in It's 525 00:28:11,800 --> 00:28:14,240 Speaker 3: sparsely populated Uba County if you want to google it. 526 00:28:16,040 --> 00:28:19,480 Speaker 3: But if everybody could afford to build like a home 527 00:28:19,520 --> 00:28:23,040 Speaker 3: with an unbelievable view there, it would no longer be 528 00:28:23,600 --> 00:28:27,760 Speaker 3: it correct. It would be a completely different place. So, 529 00:28:29,359 --> 00:28:31,639 Speaker 3: I mean choked with traffic, the idea of some of 530 00:28:31,640 --> 00:28:35,840 Speaker 3: those little mountain towns being you know, like, yeah, don't go, honey, 531 00:28:35,880 --> 00:28:38,640 Speaker 3: it's rush hour. It'll take an hour to get across town. 532 00:28:39,200 --> 00:28:41,440 Speaker 1: What does that look like? I don't know. I don't 533 00:28:41,480 --> 00:28:42,600 Speaker 1: understand how this works. 534 00:28:42,760 --> 00:28:45,840 Speaker 3: Yeah, neither does anybody else. But we got to beat China, 535 00:28:45,880 --> 00:28:46,480 Speaker 3: It's all I know. 536 00:28:47,440 --> 00:28:49,080 Speaker 1: Damn Chinese. 537 00:28:52,480 --> 00:28:54,840 Speaker 3: Has there ever been less certainty about what five years 538 00:28:54,880 --> 00:28:57,320 Speaker 3: will look like the middle of World War Two? 539 00:28:58,480 --> 00:29:01,200 Speaker 1: I don't even think then, uh, how don't you know 540 00:29:01,240 --> 00:29:02,880 Speaker 1: what fascist regimes look like. 541 00:29:02,960 --> 00:29:04,640 Speaker 3: I mean, if you're a Jew in the middle of 542 00:29:04,680 --> 00:29:07,000 Speaker 3: world or too, you might be pretty nervous about it. 543 00:29:07,040 --> 00:29:11,680 Speaker 4: But Dan, we and we, you know, the free world 544 00:29:11,760 --> 00:29:14,560 Speaker 4: recognized pretty early on we're gonna win. 545 00:29:14,600 --> 00:29:17,440 Speaker 1: It's just gonna take a long time, and it's gonactly. 546 00:29:17,360 --> 00:29:19,200 Speaker 4: So now, I don't think there's ever been a period 547 00:29:19,240 --> 00:29:24,160 Speaker 4: of history where and not like completely restructure society right 548 00:29:24,160 --> 00:29:26,120 Speaker 4: in a way you can't even imagine where you're having 549 00:29:26,160 --> 00:29:28,160 Speaker 4: these kind of stoner conversations. 550 00:29:28,200 --> 00:29:32,480 Speaker 3: I just well, right, because yeah, my idiotic grasping for 551 00:29:32,520 --> 00:29:36,280 Speaker 3: an example, you had an idea what housing would be, 552 00:29:37,160 --> 00:29:38,520 Speaker 3: what middle of World War two? 553 00:29:39,560 --> 00:29:41,360 Speaker 4: I got a fourteen year old and a sixteen year old. 554 00:29:41,400 --> 00:29:45,000 Speaker 4: My fourteen year old five years will be nineteen. We 555 00:29:45,080 --> 00:29:46,920 Speaker 4: have no idea what the world's gonna look like. 556 00:29:47,800 --> 00:29:50,400 Speaker 1: What do you tell a kid to do? Study your 557 00:29:50,960 --> 00:29:52,680 Speaker 1: uh something. 558 00:29:52,560 --> 00:29:56,000 Speaker 4: Something or it might be a complete waste of time, 559 00:29:56,040 --> 00:29:58,560 Speaker 4: and I mean a complete waste of time. Does you 560 00:29:58,760 --> 00:30:02,400 Speaker 4: know value whatsoever to learn the things you're learning? 561 00:30:02,520 --> 00:30:06,080 Speaker 3: Work on your foot speed and gun fighting skills might 562 00:30:06,200 --> 00:30:10,200 Speaker 3: be right for the coming utopia, the mad Max utopia, 563 00:30:11,240 --> 00:30:14,400 Speaker 3: my or it's gonna be valhallan. Everybody's gonna be happy 564 00:30:14,640 --> 00:30:17,480 Speaker 3: just sitting around, strumming guitars and rowing the poetry for 565 00:30:17,600 --> 00:30:20,880 Speaker 3: whom nobody wants to hear it. Everybody's writing poetry. If 566 00:30:20,880 --> 00:30:23,880 Speaker 3: everybody's a poet, no one's a poet. My youngest has 567 00:30:23,920 --> 00:30:26,440 Speaker 3: interest and wants to do stuff. But my oldest said, 568 00:30:26,480 --> 00:30:29,160 Speaker 3: I'm just gonna party all the time. It's gonna be awesome. 569 00:30:29,840 --> 00:30:32,640 Speaker 1: Mmm. So he's just looking forward to it. He's gonna 570 00:30:32,680 --> 00:30:33,120 Speaker 1: he's hoping. 571 00:30:33,160 --> 00:30:35,280 Speaker 4: He's going to get out of high school and be 572 00:30:35,320 --> 00:30:36,560 Speaker 4: a year or two away from me. 573 00:30:37,120 --> 00:30:39,719 Speaker 1: Everybody gets a check. Can you just hang out with 574 00:30:39,760 --> 00:30:41,560 Speaker 1: your friends? What are you doing today? Going to the 575 00:30:41,600 --> 00:30:45,640 Speaker 1: beach or the forest or wherever you live mountains. 576 00:30:48,120 --> 00:30:52,440 Speaker 4: To the bar every day for the rest of your life. 577 00:30:52,800 --> 00:30:59,200 Speaker 3: Maybe that Hennessy sounds great? Signed Jimmy Hendrix. Say that 578 00:30:59,240 --> 00:31:03,120 Speaker 3: to him, he'll be like, what who Wow? How about 579 00:31:03,160 --> 00:31:06,680 Speaker 3: sounds great? Jimmy Buffett, who did it his whole life? 580 00:31:06,840 --> 00:31:10,000 Speaker 3: Oh no, Jimmy Buffett worked like a fiend. He is 581 00:31:10,040 --> 00:31:13,080 Speaker 3: walking around barefoot, drinking margerita. He pretended to be that. 582 00:31:13,960 --> 00:31:16,320 Speaker 3: It was all why. 583 00:31:17,280 --> 00:31:22,680 Speaker 4: Okay, we will finish strong next. 584 00:31:25,800 --> 00:31:27,920 Speaker 6: I know how to pay the bills as a Democrat 585 00:31:28,040 --> 00:31:31,040 Speaker 6: right now, and my colleagues and people that are running 586 00:31:31,440 --> 00:31:34,320 Speaker 6: whether for the Senator, the House, they are literally running 587 00:31:34,400 --> 00:31:38,080 Speaker 6: on Trump and it's absurd, and we were getting to 588 00:31:38,120 --> 00:31:41,120 Speaker 6: that point and I refuse to engage in that extreme 589 00:31:41,880 --> 00:31:45,360 Speaker 6: those terms. We have to find a better way forward. 590 00:31:46,640 --> 00:31:51,280 Speaker 4: That's Fetterman, Senator Fetterman of Pennsylvania, him of the hoodie 591 00:31:51,280 --> 00:31:55,160 Speaker 4: who we couldn't have hated more when he ran for office, 592 00:31:55,160 --> 00:31:56,200 Speaker 4: and he said thought. 593 00:31:56,040 --> 00:31:58,720 Speaker 1: John Fetterman would be the adult in the room. 594 00:31:58,800 --> 00:32:01,800 Speaker 4: And he ends up being every Republican's favorite Democrat. He's 595 00:32:01,840 --> 00:32:04,600 Speaker 4: almost certainly either not going to run or if he is, 596 00:32:04,640 --> 00:32:08,600 Speaker 4: he's going to lose in Pennsylvania as a Democrat. And 597 00:32:08,640 --> 00:32:11,920 Speaker 4: he has said specifically he will not become a Republican 598 00:32:11,960 --> 00:32:16,600 Speaker 4: because he's not a Republican. So, I mean he votes 599 00:32:16,640 --> 00:32:18,760 Speaker 4: with the Democrats like ninety percent of the time or 600 00:32:18,760 --> 00:32:20,840 Speaker 4: something like that, but he doesn't have the same views 601 00:32:20,880 --> 00:32:22,480 Speaker 4: on Israel and all kinds of different things. 602 00:32:22,480 --> 00:32:24,040 Speaker 1: He's not woke. He's just the liberal. 603 00:32:24,200 --> 00:32:30,080 Speaker 4: Yeah, exactly here he is talking about communism getting more popular. 604 00:32:30,200 --> 00:32:32,840 Speaker 7: But the idea that communist is not a dirty word 605 00:32:33,000 --> 00:32:35,120 Speaker 7: I think we need to pause here and say, Okay, 606 00:32:35,360 --> 00:32:38,560 Speaker 7: this is a water mark. This is a watershed mark, 607 00:32:38,720 --> 00:32:41,280 Speaker 7: a moment in American history where we should pay attention. 608 00:32:41,520 --> 00:32:44,360 Speaker 7: And my guess is communism is only going to get 609 00:32:44,440 --> 00:32:45,120 Speaker 7: more popular. 610 00:32:46,160 --> 00:32:49,360 Speaker 6: I sure hope not, because bad ideas refused to die 611 00:32:49,520 --> 00:32:51,480 Speaker 6: and now that's coming back, and a lot of this, 612 00:32:51,600 --> 00:32:54,360 Speaker 6: the Trump and the backlash is making more and more 613 00:32:54,440 --> 00:32:58,320 Speaker 6: things possible in the Democratic Party. And I'm consistently going 614 00:32:58,360 --> 00:33:01,080 Speaker 6: to resist that kind of extremes and those extremes that 615 00:33:01,200 --> 00:33:03,480 Speaker 6: cost us in twenty twenty four. We all have to 616 00:33:03,640 --> 00:33:07,160 Speaker 6: remember that we need to have an election against both sides. 617 00:33:07,200 --> 00:33:09,040 Speaker 6: We're accountable for both sides. 618 00:33:11,320 --> 00:33:14,680 Speaker 4: The fact that communism has gotten more popular, and Bill 619 00:33:14,720 --> 00:33:17,760 Speaker 4: Maher and Senator Fetterman both agree it's probably going to 620 00:33:17,800 --> 00:33:20,360 Speaker 4: continue to get more popular is horrifying. 621 00:33:21,040 --> 00:33:24,160 Speaker 3: Yeah, the politics of envy, which is you know, your socialism, 622 00:33:24,360 --> 00:33:27,400 Speaker 3: democratic socialism, blah blah blah, that's what animates. 623 00:33:26,920 --> 00:33:29,400 Speaker 1: All of it. Super popular right now. 624 00:33:32,160 --> 00:33:34,320 Speaker 3: It just always leads to the same place, which has 625 00:33:34,360 --> 00:33:39,040 Speaker 3: shared Miseryes Churchill and Thatcher and Soul and anybody with 626 00:33:39,120 --> 00:33:40,960 Speaker 3: two brain cells to rub together gets. 627 00:33:41,000 --> 00:33:42,080 Speaker 1: But it's an easy sell. 628 00:33:42,320 --> 00:33:44,239 Speaker 4: How much time we got, Michael, we got this more 629 00:33:44,280 --> 00:33:46,560 Speaker 4: of this conversation about out of time. 630 00:33:46,720 --> 00:33:48,000 Speaker 1: Oh damn it. 631 00:33:49,320 --> 00:33:51,840 Speaker 4: I'll throw in my commune about communists once you've heard before. 632 00:33:51,920 --> 00:33:57,680 Speaker 1: But the final thoughts we thought strong and getting. 633 00:33:58,320 --> 00:34:04,760 Speaker 2: You'll get the facts instead, don't you forget? 634 00:34:05,160 --> 00:34:08,320 Speaker 1: For more from Amstrom and Jedy? 635 00:34:11,600 --> 00:34:15,880 Speaker 4: No, if I had the ability to hand out Grammys, 636 00:34:15,880 --> 00:34:17,080 Speaker 4: I'll give somebody a Grammy for that. 637 00:34:17,120 --> 00:34:18,759 Speaker 1: Here's your host for final thoughts, Joe Getty. 638 00:34:18,840 --> 00:34:20,839 Speaker 3: Let's get a final thought from everybody on the crew, 639 00:34:21,000 --> 00:34:23,520 Speaker 3: beginning with Michaelangelo, President Buttons in the control room. 640 00:34:23,560 --> 00:34:24,319 Speaker 1: Michael final thought. 641 00:34:24,400 --> 00:34:26,120 Speaker 3: When I was younger, Jack, I would have loved to 642 00:34:26,120 --> 00:34:28,120 Speaker 3: have joined you on that road trip to get to 643 00:34:28,200 --> 00:34:28,960 Speaker 3: those restaurants. 644 00:34:29,000 --> 00:34:32,239 Speaker 1: But I can't eat that at all anymore. I was 645 00:34:32,320 --> 00:34:32,759 Speaker 1: too old. 646 00:34:32,840 --> 00:34:34,759 Speaker 4: Would you would have wanted a meat sort of thing 647 00:34:34,880 --> 00:34:36,200 Speaker 4: or an ice cream ice cream? 648 00:34:36,239 --> 00:34:40,120 Speaker 1: A dessert sort of ice cream? Yeah? Wow, Jack? 649 00:34:40,239 --> 00:34:41,560 Speaker 4: Final thought for it is a bit of a down 650 00:34:41,560 --> 00:34:43,840 Speaker 4: earth final thought, but just throwing it in after that, 651 00:34:43,960 --> 00:34:50,600 Speaker 4: Bill Maher Senator Fetterman conversation. Conservatively, communism killed one hundred 652 00:34:50,640 --> 00:34:53,640 Speaker 4: million people in the twentieth century. Conservatively, it could be 653 00:34:54,560 --> 00:34:56,840 Speaker 4: according to a lot of historians much higher number than that, 654 00:34:56,880 --> 00:34:59,840 Speaker 4: but more than any of the wars, any anything. Mi 655 00:35:00,000 --> 00:35:02,279 Speaker 4: million people died at the hands of communism. How is 656 00:35:02,280 --> 00:35:03,560 Speaker 4: it gaining popularity? 657 00:35:03,880 --> 00:35:07,600 Speaker 1: What do you have to do to get a bad reputation? Hitting? Yeah. 658 00:35:07,640 --> 00:35:10,360 Speaker 3: My final thought getting back to the universal high income 659 00:35:10,400 --> 00:35:12,440 Speaker 3: thing and laying around and partying in writing songs is 660 00:35:13,840 --> 00:35:17,919 Speaker 3: Martin Scorsese's the executive producer about a great new documentary 661 00:35:17,920 --> 00:35:20,799 Speaker 3: of a great new documentary about Robbie Robertson and the 662 00:35:20,840 --> 00:35:25,920 Speaker 3: band one of our favorite bands, and how drugs and 663 00:35:25,960 --> 00:35:29,240 Speaker 3: alcohol tore them apart and ruined them as a creative 664 00:35:29,280 --> 00:35:32,120 Speaker 3: force and as human beings. It's because they had so 665 00:35:32,280 --> 00:35:34,960 Speaker 3: much down time being a musician. 666 00:35:35,440 --> 00:35:36,880 Speaker 1: Down time is one of. 667 00:35:36,880 --> 00:35:39,560 Speaker 3: The worst things that can happen to you as a 668 00:35:39,600 --> 00:35:40,440 Speaker 3: young person. 669 00:35:42,360 --> 00:35:45,440 Speaker 4: Armstrong and Getty wrapping up at other grueling four hour workday. 670 00:35:45,560 --> 00:35:47,560 Speaker 4: So many people, thanks, so little time. Go to Armstrong 671 00:35:47,560 --> 00:35:49,520 Speaker 4: and Giddy dot com for the odd links. Drop us 672 00:35:49,520 --> 00:35:51,480 Speaker 4: a oat mail bag at Armstrong and Giddy dot com 673 00:35:51,880 --> 00:35:53,960 Speaker 4: grabs some ang swag are enforced. 674 00:35:54,000 --> 00:35:55,960 Speaker 1: The law T shirt very popular. 675 00:35:56,239 --> 00:36:01,840 Speaker 4: We'll see tomorrow. God bless America. I'm Strong and Getty. 676 00:36:02,040 --> 00:36:06,120 Speaker 3: Oddly his excrement also contained two other ear rings which 677 00:36:06,120 --> 00:36:09,759 Speaker 3: were not part of the Tiffany Hall, and he's quite. 678 00:36:09,520 --> 00:36:12,160 Speaker 1: Sure how those got inside him. 679 00:36:12,480 --> 00:36:17,280 Speaker 4: A second right, well, is he saying, Look, I stole 680 00:36:17,440 --> 00:36:19,680 Speaker 4: diamonds and swallowed him. I have no idea where those 681 00:36:19,680 --> 00:36:28,080 Speaker 4: earrings get him. That's weird you planted those podcast Army 682 00:36:28,160 --> 00:36:29,120 Speaker 4: strong Man Getty