1 00:00:11,840 --> 00:00:18,520 Speaker 1: Jessie Kelly Show. Let's have some fun on a Monday, 2 00:00:18,560 --> 00:00:22,959 Speaker 1: A Medal of Honor Monday, and who if only we 3 00:00:23,040 --> 00:00:27,680 Speaker 1: had something to talk about tonight? We got banks flying 4 00:00:27,760 --> 00:00:32,280 Speaker 1: into the side of mountains all the time, apparently. Now, oh, 5 00:00:32,360 --> 00:00:35,080 Speaker 1: we're gonna go into that. I'm going to warn you 6 00:00:35,080 --> 00:00:38,000 Speaker 1: you've got about a minute or two to turn off 7 00:00:38,040 --> 00:00:40,919 Speaker 1: the radio or I'm going to say some things that 8 00:00:41,000 --> 00:00:44,440 Speaker 1: you are not going to enjoy hearing. Nevertheless, I believe 9 00:00:44,440 --> 00:00:47,440 Speaker 1: they're necessary. So that's just a warning. Remember how I've 10 00:00:47,440 --> 00:00:50,879 Speaker 1: been talking about killing a crocodile, got one today? That's 11 00:00:50,920 --> 00:00:53,360 Speaker 1: about forty five minutes or now what, Chris, you haven't 12 00:00:53,400 --> 00:00:56,320 Speaker 1: even heard the story yet. Of course I already mentioned 13 00:00:56,320 --> 00:00:59,880 Speaker 1: it's Medal of Honor Monday. We got Andrew Cuomo ry 14 00:01:00,000 --> 00:01:03,040 Speaker 1: amazing up from the ashes again as I told you 15 00:01:03,160 --> 00:01:06,800 Speaker 1: he would, and so much more coming up tonight on 16 00:01:06,880 --> 00:01:11,279 Speaker 1: the world famous Jesse Kelly Show. Now here's a heads 17 00:01:11,319 --> 00:01:15,520 Speaker 1: up for you. Probably ten minutes from now, we are 18 00:01:15,520 --> 00:01:19,360 Speaker 1: going to get into this Silicon Valley Bank and Signature Bank, 19 00:01:19,480 --> 00:01:21,680 Speaker 1: and I'm gonna play for you all the Joe Biden 20 00:01:21,840 --> 00:01:26,160 Speaker 1: sound and Jensaki sound, which is amazing and Janet yelling 21 00:01:26,280 --> 00:01:29,720 Speaker 1: sound and Fouci's reversing himself. We're gonna get to all 22 00:01:29,800 --> 00:01:33,319 Speaker 1: those things, but set all that aside for a moment, 23 00:01:33,520 --> 00:01:38,160 Speaker 1: just just a moment. I want you to walk with 24 00:01:38,200 --> 00:01:40,760 Speaker 1: me through something. I want you to imagine this. Just 25 00:01:40,800 --> 00:01:43,119 Speaker 1: put all these stories in your back pocket for a minute. 26 00:01:43,680 --> 00:01:48,320 Speaker 1: I want you to imagine. I decide right now, you 27 00:01:48,360 --> 00:01:51,600 Speaker 1: know what, I'm not into doing the show tonight. I 28 00:01:51,640 --> 00:01:53,840 Speaker 1: think I'm just gonna avail. I know we're only two 29 00:01:53,880 --> 00:01:56,240 Speaker 1: minutes into it and it's live across the country, but 30 00:01:56,240 --> 00:01:59,040 Speaker 1: I think I'm gonna bail. And you know what, me 31 00:02:00,240 --> 00:02:02,440 Speaker 1: and Michael, we're out of here. We're going out on 32 00:02:02,480 --> 00:02:04,200 Speaker 1: the town tonight. We're gonna have a blast. Y'all have 33 00:02:04,240 --> 00:02:05,960 Speaker 1: a good one, all right. So we check out of here. 34 00:02:06,480 --> 00:02:09,480 Speaker 1: We head down to the bar. We decided to get 35 00:02:09,520 --> 00:02:14,040 Speaker 1: a couple of beers in us, and then we decide 36 00:02:14,960 --> 00:02:20,520 Speaker 1: we are upset, severely upset by this new business that 37 00:02:20,600 --> 00:02:23,120 Speaker 1: has just been put in right next to the Red Lobster. 38 00:02:23,639 --> 00:02:26,720 Speaker 1: It's a restaurant. We don't like that there's gonna be 39 00:02:26,760 --> 00:02:29,360 Speaker 1: a competing restaurant down to Red Lobster. And we're gonna 40 00:02:29,400 --> 00:02:32,080 Speaker 1: do something about it. We've had some beers and we 41 00:02:32,200 --> 00:02:34,880 Speaker 1: both desid. We all three decide together, me, Chris Michael, 42 00:02:35,040 --> 00:02:37,320 Speaker 1: we're out of here. Let's go down. You know what 43 00:02:37,360 --> 00:02:40,639 Speaker 1: we're gonna do. We're burningette business to the ground. So me, 44 00:02:40,880 --> 00:02:43,440 Speaker 1: Chris Michael, I'll liquored up. We go into some hardware 45 00:02:43,520 --> 00:02:46,040 Speaker 1: store and we get get ourselves some gas cans, We 46 00:02:46,160 --> 00:02:48,639 Speaker 1: got some matches, We get everything we need to do. 47 00:02:48,400 --> 00:02:50,320 Speaker 1: We were loaded up and all three of us doing 48 00:02:50,360 --> 00:02:53,600 Speaker 1: on this roth repaying, and we cruise on down to 49 00:02:54,000 --> 00:02:58,000 Speaker 1: that restaurant that's being built and I walk into the entryway. 50 00:02:58,120 --> 00:03:00,960 Speaker 1: I'm I'm in very clearly with a little hostess. Chicks 51 00:03:00,960 --> 00:03:02,639 Speaker 1: are gonna come seat you. I'm going somewhere with this. 52 00:03:02,800 --> 00:03:05,200 Speaker 1: Just hang with me. And I start pouring grass, you're 53 00:03:05,240 --> 00:03:07,600 Speaker 1: gasoline on the ground, and I'm pulling out the matches, 54 00:03:08,000 --> 00:03:10,360 Speaker 1: and I see Chris and Michael back there. Chris is 55 00:03:10,400 --> 00:03:12,680 Speaker 1: down there, he's coating the whole rest of the place 56 00:03:12,720 --> 00:03:15,560 Speaker 1: and gas. Michael's actually up in the ceiling pouring it 57 00:03:15,639 --> 00:03:19,000 Speaker 1: on the insulation and everything else. And at this moment, 58 00:03:19,639 --> 00:03:22,560 Speaker 1: I say, you know what, hey, guys, that's probably a 59 00:03:22,600 --> 00:03:27,639 Speaker 1: little too far. Hey, Wicked Day Hey, whoa, Michael, Geez, 60 00:03:27,720 --> 00:03:30,920 Speaker 1: that's a little too far. Come down, whoa, Hey, this 61 00:03:31,080 --> 00:03:33,440 Speaker 1: is no, this is too far. And right then Chris 62 00:03:33,440 --> 00:03:36,240 Speaker 1: and Michael start chucking matches on the ground, and the 63 00:03:36,280 --> 00:03:39,000 Speaker 1: whole place goes up, including the lobby where I was 64 00:03:39,040 --> 00:03:43,800 Speaker 1: pouring gasoline. Let me ask you something. I'm not asking 65 00:03:43,840 --> 00:03:46,160 Speaker 1: you court of law or anything else. I'm asking you 66 00:03:46,240 --> 00:03:51,360 Speaker 1: as a person. Should I the next day get all 67 00:03:51,440 --> 00:03:53,200 Speaker 1: my family and friends. Should I come on the air 68 00:03:53,280 --> 00:03:55,560 Speaker 1: that night and tell you this story? Hey, guess what 69 00:03:55,720 --> 00:04:00,520 Speaker 1: Chris and Michael did. These two dirt balls. They went 70 00:04:00,640 --> 00:04:03,600 Speaker 1: down to the local restaurant that was being built and 71 00:04:03,720 --> 00:04:07,240 Speaker 1: they burnt it down. I can't believe what Chris and 72 00:04:07,320 --> 00:04:10,600 Speaker 1: Michael did. Would you buy that if you knew the 73 00:04:10,600 --> 00:04:13,440 Speaker 1: whole story, would you accept that? Or would you Are 74 00:04:13,480 --> 00:04:16,400 Speaker 1: you sitting there right now saying Jesse h, I think 75 00:04:16,440 --> 00:04:20,919 Speaker 1: you're gonna have to take a bit of ownership about that. Well, okay, 76 00:04:20,960 --> 00:04:24,840 Speaker 1: we've got a little mini bank run here. Let's hope 77 00:04:24,839 --> 00:04:27,880 Speaker 1: it stops where it is. Let's hope it stops where 78 00:04:27,880 --> 00:04:32,400 Speaker 1: it is. Let's let's hope they're not going to bail 79 00:04:32,400 --> 00:04:35,680 Speaker 1: out the banks. Well, let me be clear that During 80 00:04:35,680 --> 00:04:44,240 Speaker 1: the financial crisis, there were investors and owners of systemic 81 00:04:44,400 --> 00:04:48,560 Speaker 1: large banks that were built out, and the reforms that 82 00:04:48,640 --> 00:04:51,800 Speaker 1: have been put in place means that we're not going 83 00:04:51,920 --> 00:04:56,200 Speaker 1: to do that again. But we are concerned about depositors 84 00:04:56,240 --> 00:05:00,200 Speaker 1: and are focused on trying to meet their needs. Yeah, 85 00:05:00,200 --> 00:05:03,560 Speaker 1: they're absolutely going to bail out the banks again. And 86 00:05:03,600 --> 00:05:06,000 Speaker 1: what we're going into now is something that I've been 87 00:05:06,040 --> 00:05:08,880 Speaker 1: warning you about for two years now. I've told you, 88 00:05:09,520 --> 00:05:14,359 Speaker 1: because of COVID lockdowns and then COVID spending insanity, that 89 00:05:14,480 --> 00:05:18,520 Speaker 1: a severe recession is inevitable. I have always told you, 90 00:05:18,560 --> 00:05:20,400 Speaker 1: but I believe it will be a depression. I will 91 00:05:20,440 --> 00:05:22,760 Speaker 1: believe it will be that severe and that long. I've 92 00:05:22,760 --> 00:05:24,960 Speaker 1: told you that, and I think you're seeing the beginning 93 00:05:24,960 --> 00:05:27,799 Speaker 1: of it. And as you and I begin to walk 94 00:05:27,839 --> 00:05:30,960 Speaker 1: through the pain that comes with that, what I don't 95 00:05:31,000 --> 00:05:34,120 Speaker 1: want you or I to do is say it's Chris 96 00:05:34,160 --> 00:05:40,200 Speaker 1: and Michael. It's Chris and Michael. No, No, we are 97 00:05:40,320 --> 00:05:42,919 Speaker 1: not going to do that. This is not mommy's show. 98 00:05:43,200 --> 00:05:47,960 Speaker 1: This is Daddy's show. I'm about ownership. I'm about accountability. 99 00:05:48,440 --> 00:05:51,000 Speaker 1: You're mad at Joe Biden, good You should be. You're 100 00:05:51,040 --> 00:05:54,080 Speaker 1: mad at Grandma vodka. You should be she sucks. You 101 00:05:54,080 --> 00:05:56,920 Speaker 1: think democrats suck? Oh you're one hundred percent right? Are 102 00:05:56,960 --> 00:06:00,440 Speaker 1: you blaming a lot of this on democrats? Good for you. 103 00:06:00,839 --> 00:06:03,400 Speaker 1: Let's take a walk down memory lane. It's important to 104 00:06:03,400 --> 00:06:06,400 Speaker 1: note President Biden does nothing at nine am. She is in. 105 00:06:07,000 --> 00:06:08,800 Speaker 1: Let's tell all that was the wrong one. Let's play. 106 00:06:08,920 --> 00:06:12,479 Speaker 1: Let's take a walk down memory lane. It takes some 107 00:06:12,560 --> 00:06:15,240 Speaker 1: time for a package that is large to actually get 108 00:06:15,240 --> 00:06:18,360 Speaker 1: out to the different offices and entities and to start 109 00:06:18,360 --> 00:06:21,040 Speaker 1: getting distributed. So at this point I still think it's 110 00:06:21,080 --> 00:06:22,840 Speaker 1: too early to be able to deal with what is next. 111 00:06:23,200 --> 00:06:26,560 Speaker 1: This is a two trillion dollar package. It's extremely large, 112 00:06:27,040 --> 00:06:30,239 Speaker 1: as in never ever done. Package is large in American 113 00:06:30,320 --> 00:06:35,560 Speaker 1: history before Republican James Langford, Oklahoma. Oh my goodness, the 114 00:06:35,600 --> 00:06:39,920 Speaker 1: financial collapse, Oh my gosh, inflation, interest rates. Jeez, Joe 115 00:06:39,960 --> 00:06:43,280 Speaker 1: Biden sucks. How could this happen? Here's another example. A 116 00:06:43,400 --> 00:06:46,960 Speaker 1: two thousand dollars payment to people making under seventy five 117 00:06:47,000 --> 00:06:51,040 Speaker 1: thousand dollars is four hundred billion dollars to the debt. 118 00:06:51,680 --> 00:06:55,120 Speaker 1: But we live in unusual times. It's expensive. It's not 119 00:06:55,240 --> 00:06:58,080 Speaker 1: the most efficient way to get aid to people. Are suffering, 120 00:06:58,480 --> 00:07:01,640 Speaker 1: but six hundred dollars is now enough. The President has 121 00:07:01,720 --> 00:07:04,039 Speaker 1: dug in. He wants to vote on a two thousand 122 00:07:04,040 --> 00:07:07,000 Speaker 1: dollars payment. I support that, and he wants to repeal 123 00:07:07,080 --> 00:07:10,520 Speaker 1: Section two thirty to keep big tech from running the country. 124 00:07:10,520 --> 00:07:15,400 Speaker 1: And CENTI Okay, that's Republican Lindsey Graham South Carolina. It's 125 00:07:15,400 --> 00:07:18,680 Speaker 1: all Joe Biden, it's all the Democrats. Here is the 126 00:07:18,720 --> 00:07:22,960 Speaker 1: most powerful Republican in Washington. Republicans have tried repeatedly to 127 00:07:22,960 --> 00:07:25,240 Speaker 1: build on the Carris Act and get more help out 128 00:07:25,240 --> 00:07:30,080 Speaker 1: the door to American families. Republicans have tried repeatedly to 129 00:07:30,200 --> 00:07:34,680 Speaker 1: send even more money more without end trillions and trillions. 130 00:07:34,840 --> 00:07:38,400 Speaker 1: Oh but Jesse, you're mischaracterizing it. It was it was 131 00:07:38,440 --> 00:07:42,520 Speaker 1: because this country shut down for COVID. Really who shut 132 00:07:42,520 --> 00:07:45,800 Speaker 1: it down. We're announcing new guidelines for every American to 133 00:07:45,880 --> 00:07:49,640 Speaker 1: follow over the next fifteen days as we combat the 134 00:07:49,720 --> 00:07:52,960 Speaker 1: virus seach and every one of us has a critical 135 00:07:53,040 --> 00:07:56,600 Speaker 1: role to play in stopping the spread and transmission of 136 00:07:56,600 --> 00:07:59,200 Speaker 1: the Oh but Jesse, he had to do it, He 137 00:07:59,280 --> 00:08:01,920 Speaker 1: had to do it. It was Fauci. Fauci did all 138 00:08:01,960 --> 00:08:05,640 Speaker 1: these Republicans wrong. Fouci did Trump wrong, Fouci did McConnell wrong. 139 00:08:05,800 --> 00:08:08,720 Speaker 1: It was all Fauci's fault. Really, well, why didn't you 140 00:08:08,760 --> 00:08:11,920 Speaker 1: fire him? Should you fire Fauci? So a lot of 141 00:08:11,920 --> 00:08:14,400 Speaker 1: people ask me that question, and I did it right, 142 00:08:14,640 --> 00:08:16,480 Speaker 1: because if you do fire him, you're going to have 143 00:08:16,520 --> 00:08:21,520 Speaker 1: a fire someone the left again as usual, and oh 144 00:08:22,000 --> 00:08:26,920 Speaker 1: the left would have been mad. You stop a country 145 00:08:27,720 --> 00:08:32,600 Speaker 1: for a virus, you start printing money. After you stop 146 00:08:32,600 --> 00:08:36,760 Speaker 1: a country for a virus. What you've done is you've 147 00:08:36,800 --> 00:08:41,640 Speaker 1: made a recession, a bad one or a depression. You've 148 00:08:41,679 --> 00:08:46,559 Speaker 1: made it inevitable, inevitable. Why did I tell you this 149 00:08:46,679 --> 00:08:50,600 Speaker 1: was coming two years ago? Two years ago, I told 150 00:08:50,640 --> 00:08:53,560 Speaker 1: you all this was coming. The bank closures, at the 151 00:08:53,600 --> 00:08:57,640 Speaker 1: mental health crisis, the interest rates, that everything, inflation, all 152 00:08:57,679 --> 00:09:00,640 Speaker 1: of it. I'm an idiot, and two years ago I 153 00:09:00,679 --> 00:09:04,240 Speaker 1: told you it was coming. Don't tell me you were 154 00:09:04,280 --> 00:09:06,760 Speaker 1: caught off guard. Don't tell me about any of it. 155 00:09:07,000 --> 00:09:13,680 Speaker 1: Republicans and Democrats brought this on us. And now, as 156 00:09:13,679 --> 00:09:16,920 Speaker 1: you and I suffer, let's do remember that it was 157 00:09:17,000 --> 00:09:21,080 Speaker 1: more than President poopy Pants. Speaking of President poopy Pants, 158 00:09:21,720 --> 00:09:23,680 Speaker 1: I will get to him and his quotes from today. 159 00:09:23,720 --> 00:09:25,640 Speaker 1: I just wanted to make sure right off the bat, 160 00:09:25,760 --> 00:09:28,920 Speaker 1: we're going to own a bit of this. No, before 161 00:09:28,920 --> 00:09:31,719 Speaker 1: we get to that lease, tell me, I bet you've 162 00:09:31,720 --> 00:09:33,560 Speaker 1: already you know what. I shouldn't even tell you, because 163 00:09:33,559 --> 00:09:35,240 Speaker 1: I bet you've already done it. I bet you called 164 00:09:35,280 --> 00:09:38,240 Speaker 1: Oxford Gold today, didn't you. Yeah? I bet you had 165 00:09:38,240 --> 00:09:40,640 Speaker 1: some gold and silver scent to the house today, didn't you. 166 00:09:41,240 --> 00:09:44,319 Speaker 1: I bet you wove some gold and silver into your 167 00:09:44,360 --> 00:09:47,680 Speaker 1: four oh one k and ira today, didn't you. As 168 00:09:47,720 --> 00:09:51,280 Speaker 1: the closures begin, as inflation gets here, as severe recession 169 00:09:51,320 --> 00:09:54,240 Speaker 1: gets here, as possibly all of it gets here at once, 170 00:09:54,880 --> 00:09:58,960 Speaker 1: I'd say, right about now's time to call Oxford. In fact, 171 00:09:59,160 --> 00:10:02,000 Speaker 1: I would turn on this show and call Oxford, and 172 00:10:02,040 --> 00:10:04,360 Speaker 1: I wouldn't turn it back on until you were set 173 00:10:04,400 --> 00:10:07,840 Speaker 1: with Oxford Gold. That's how critical that is. Tonight call 174 00:10:07,960 --> 00:10:13,280 Speaker 1: eight three three nine Gold. Ask him about potential bonus opportunities. 175 00:10:13,440 --> 00:10:16,200 Speaker 1: But there is no more tomorrow. This may be the 176 00:10:16,360 --> 00:10:19,280 Speaker 1: just the tip of where we're going. Eight three three 177 00:10:19,880 --> 00:10:22,960 Speaker 1: nine nine five Gold. Call them before we get the 178 00:10:22,960 --> 00:10:36,440 Speaker 1: whole thing, call them now. Jesse Kelly backs in. It 179 00:10:36,720 --> 00:10:39,360 Speaker 1: is the Jesse Kelly Show. I told you it was 180 00:10:39,360 --> 00:10:41,760 Speaker 1: gonna be a rough one. Remember you can email me 181 00:10:41,800 --> 00:10:44,959 Speaker 1: as offended as you probably are right now, Jesse at 182 00:10:45,080 --> 00:10:48,400 Speaker 1: Jesse Kelly show dot com. It was Joe Biden and 183 00:10:48,480 --> 00:10:53,080 Speaker 1: Democrats it did us to us. Senate passes spending bill 184 00:10:53,120 --> 00:10:57,480 Speaker 1: to avoid midnight government shutdown. September thirtieth, twenty twenty. Trump 185 00:10:57,559 --> 00:11:00,920 Speaker 1: signs two point three trillion dollars omnibus ending bill. December 186 00:11:00,960 --> 00:11:04,600 Speaker 1: twenty third, twenty twenty. Mitt Romney proposes American families an 187 00:11:04,600 --> 00:11:08,760 Speaker 1: extra three thousand dollars a year. That's wonderful. What's in 188 00:11:08,800 --> 00:11:12,480 Speaker 1: the two trillion dollars coronavirus stimulus bill that's twenty twenty. 189 00:11:12,760 --> 00:11:15,800 Speaker 1: Here's what's in the second stimulus package that's later on 190 00:11:15,840 --> 00:11:18,480 Speaker 1: in the year in twenty twenty. On and on and 191 00:11:18,640 --> 00:11:22,560 Speaker 1: on and on we go, spending like drunkens. They just 192 00:11:22,600 --> 00:11:26,160 Speaker 1: passed to one point seven trillion dollars onundibus bill. Eighteen 193 00:11:26,240 --> 00:11:30,520 Speaker 1: Republicans signed on, eighteen of them. That's half the caucus, 194 00:11:31,080 --> 00:11:34,360 Speaker 1: half the Senate. Republicans just signed on. And today I 195 00:11:34,440 --> 00:11:37,280 Speaker 1: look at all these pundits and politicians on the right, 196 00:11:37,520 --> 00:11:40,080 Speaker 1: look at what Joe Biden did. I can't believe what 197 00:11:40,200 --> 00:11:43,280 Speaker 1: Joe Biden did. Yeah, Joe Biden sucks. Joe Biden made 198 00:11:43,320 --> 00:11:48,240 Speaker 1: it all worse. You did it too. You did it too. 199 00:11:49,520 --> 00:11:52,640 Speaker 1: There's no getting around it now. And the reason if 200 00:11:52,640 --> 00:11:54,679 Speaker 1: you're wondering why I brought this up, because I know 201 00:11:54,720 --> 00:11:56,720 Speaker 1: it's not popular. I know people will be offended, and 202 00:11:56,720 --> 00:11:59,000 Speaker 1: that's fine. I don't give a crep. But the reason 203 00:11:59,040 --> 00:12:02,520 Speaker 1: I'm bringing this up, the I'm angry is because normal 204 00:12:02,559 --> 00:12:06,559 Speaker 1: people are about to suffer, and all the people who 205 00:12:06,640 --> 00:12:11,240 Speaker 1: brought this on us, they won't. Your favorite media pundit 206 00:12:11,520 --> 00:12:15,480 Speaker 1: is probably rich enough that he won't suffer. Your politician, 207 00:12:15,760 --> 00:12:21,720 Speaker 1: GOP or Democrat, he'll win reelection. The bank executives who've 208 00:12:21,760 --> 00:12:24,800 Speaker 1: destroyed their bank, and the bank regulators who've destroyed the 209 00:12:24,800 --> 00:12:29,839 Speaker 1: banking bank regulation industry, they've just destroyed all of it. 210 00:12:30,160 --> 00:12:32,839 Speaker 1: They're not going to suffer at all. All. Sure, there'll 211 00:12:32,880 --> 00:12:37,040 Speaker 1: be some quote bankruptcy declarations and this guy will shift 212 00:12:37,080 --> 00:12:40,000 Speaker 1: from this job to that job, and this CEO will 213 00:12:40,040 --> 00:12:42,800 Speaker 1: be forced to accept just a twenty million dollar golden 214 00:12:42,840 --> 00:12:46,480 Speaker 1: parachute instead of the fifty million dollar golden parachute, and 215 00:12:46,640 --> 00:12:48,720 Speaker 1: soon he may have to take a year off before 216 00:12:48,720 --> 00:12:52,679 Speaker 1: he finds himself at New Jerkwater Bank or something like that. 217 00:12:52,880 --> 00:12:56,679 Speaker 1: But no, I'm not talking any genuine suffering. Oh yes, now, 218 00:12:57,000 --> 00:13:00,160 Speaker 1: look we may have to delay the construction construction on 219 00:13:00,160 --> 00:13:03,040 Speaker 1: our mansion and Aspen. I was going to get a 220 00:13:03,080 --> 00:13:05,640 Speaker 1: new leader jet this year. I get I'll hold off 221 00:13:05,640 --> 00:13:08,640 Speaker 1: for five more years. But they're not going to suffer 222 00:13:08,679 --> 00:13:12,360 Speaker 1: like you're gonna suffer. I'm not going to miss mortgage payments. 223 00:13:13,640 --> 00:13:17,880 Speaker 1: They're not going to cancel vacation with Mom. They're not 224 00:13:18,040 --> 00:13:20,800 Speaker 1: They're not gonna Sorry kids, I know you're a little 225 00:13:20,800 --> 00:13:22,760 Speaker 1: too big for those genes this year. Can you tough 226 00:13:22,800 --> 00:13:25,760 Speaker 1: amount another year? Times are tough right now. They're not 227 00:13:25,760 --> 00:13:28,640 Speaker 1: going to go through any that you will. And when 228 00:13:28,679 --> 00:13:32,080 Speaker 1: you do it, when you suffer, when we suffer, when 229 00:13:32,120 --> 00:13:34,280 Speaker 1: we go through what we're about to go through, and 230 00:13:34,400 --> 00:13:38,680 Speaker 1: we suffer, I will not be able to stomach the 231 00:13:38,920 --> 00:13:43,360 Speaker 1: endless finger pointing it only democrats with no ownership and 232 00:13:43,440 --> 00:13:46,680 Speaker 1: no accountability whatsoever. I will not be able to stomach 233 00:13:46,720 --> 00:13:51,040 Speaker 1: it at all, because I screamed endlessly while they were 234 00:13:51,080 --> 00:13:54,640 Speaker 1: doing these things, stopping economy for a virus, printing money 235 00:13:54,679 --> 00:13:57,880 Speaker 1: by the trillion, then passing bill after trillion dollars, bill 236 00:13:57,920 --> 00:14:00,720 Speaker 1: after a trillion dollars Bill, and I was screaming over 237 00:14:00,800 --> 00:14:04,760 Speaker 1: and over again, you're destroying our future. You're you're bringing 238 00:14:05,280 --> 00:14:09,120 Speaker 1: a financial collapse that will be inevitable. No financial system 239 00:14:09,200 --> 00:14:12,600 Speaker 1: can withstand this. This is insane. Why won't you stop? 240 00:14:12,760 --> 00:14:15,959 Speaker 1: And what drives me nuts is this, I, for some 241 00:14:16,040 --> 00:14:19,600 Speaker 1: weird reason, have a platform and they all heard it, 242 00:14:20,640 --> 00:14:22,600 Speaker 1: all of them because I know all of them, or 243 00:14:22,640 --> 00:14:25,680 Speaker 1: I have sources, and all of them from from what 244 00:14:25,800 --> 00:14:29,320 Speaker 1: I was saying. Here was sitting on the Oval Office desk, 245 00:14:29,800 --> 00:14:34,120 Speaker 1: Trump reading it, Senators reading it, Congressman reading it, their 246 00:14:34,160 --> 00:14:37,640 Speaker 1: staffers bringing it to them, and it was all ignored. 247 00:14:37,920 --> 00:14:41,880 Speaker 1: And I said it all because I care about you suffering. 248 00:14:42,400 --> 00:14:44,520 Speaker 1: And now you're going to suffer in. The people who 249 00:14:44,600 --> 00:14:48,040 Speaker 1: did it, they're gonna walk away from it, and they're 250 00:14:48,040 --> 00:14:50,680 Speaker 1: gonna act like they didn't. They didn't, but they did it. 251 00:14:51,680 --> 00:14:55,120 Speaker 1: They did it all. So look, you want to know 252 00:14:55,120 --> 00:14:56,440 Speaker 1: where we're going, they should tell you all you need 253 00:14:56,480 --> 00:15:01,160 Speaker 1: to know. Americans have confidence that the banking system is safe. Yeah, 254 00:15:01,200 --> 00:15:03,560 Speaker 1: don't have any confidence at all. We're totally screwed. I'm 255 00:15:03,560 --> 00:15:06,400 Speaker 1: going to ask Congress and the banking regulators to strengthen 256 00:15:06,400 --> 00:15:09,440 Speaker 1: the rules for banks to make it less likely this 257 00:15:09,520 --> 00:15:12,360 Speaker 1: kind of bank failure would happen again, and to protect 258 00:15:12,440 --> 00:15:15,600 Speaker 1: American jobs and small businesses. Of course, he's going to 259 00:15:15,640 --> 00:15:18,960 Speaker 1: blame last administration here, the Obama Biden administration. We put 260 00:15:19,000 --> 00:15:22,880 Speaker 1: in place tough requirements on banks like Silicon Valley Bank 261 00:15:23,040 --> 00:15:26,600 Speaker 1: and Signature Bank, including the Dodd Frank Law, to make 262 00:15:26,640 --> 00:15:29,360 Speaker 1: sure that a crisis we saw in two thousand and 263 00:15:29,400 --> 00:15:32,480 Speaker 1: eight would not happen again. Now that had nothing to 264 00:15:32,520 --> 00:15:34,160 Speaker 1: do with it at all. Was the spending the matter. 265 00:15:34,240 --> 00:15:37,080 Speaker 1: In case you're just curious how screwed we are, and 266 00:15:37,120 --> 00:15:39,280 Speaker 1: then I'll tell you where we actually there's a lot 267 00:15:39,280 --> 00:15:42,360 Speaker 1: of misinformation out there today. In case you're wondering the 268 00:15:42,440 --> 00:15:44,960 Speaker 1: cou de graf or how screwed we are, here's here's 269 00:15:45,000 --> 00:15:47,440 Speaker 1: Biden's budget director trying to put your mind at ease 270 00:15:47,480 --> 00:15:49,480 Speaker 1: about the bank. And so you can tell the American 271 00:15:49,520 --> 00:15:51,000 Speaker 1: people this morning, because I think this has caused a 272 00:15:51,040 --> 00:15:53,720 Speaker 1: lot of concern that the US banking system is safe 273 00:15:53,760 --> 00:15:58,000 Speaker 1: and secure. I think the voice here is our Treasury Secretary, 274 00:15:58,080 --> 00:16:00,600 Speaker 1: who is our lead I'm working with regular laters. That's 275 00:16:00,640 --> 00:16:04,720 Speaker 1: the appropriate person we should listen to here, and who's 276 00:16:04,760 --> 00:16:07,640 Speaker 1: tracking this the most closely. But again, what I will 277 00:16:07,680 --> 00:16:10,880 Speaker 1: say is after the financial crisis, the reforms put in 278 00:16:10,960 --> 00:16:15,760 Speaker 1: place have given regulators more tools, and our system is 279 00:16:15,880 --> 00:16:19,960 Speaker 1: more resilient, in the foundation stronger because of it. Okay, 280 00:16:20,000 --> 00:16:25,480 Speaker 1: then now let's do a couple of things here, because 281 00:16:25,520 --> 00:16:28,840 Speaker 1: I have to get into what actually happened, what's being 282 00:16:28,880 --> 00:16:32,360 Speaker 1: bailed out, what's not being bailed out, who's on the 283 00:16:32,360 --> 00:16:35,680 Speaker 1: hook so far? You know, you know where we're going. 284 00:16:35,720 --> 00:16:37,800 Speaker 1: I've told you long before today. I told you we 285 00:16:37,880 --> 00:16:40,320 Speaker 1: were going out. I'm not Johnny come Lately on this. 286 00:16:40,320 --> 00:16:43,400 Speaker 1: This was inevitable. But where does it go from here? 287 00:16:43,400 --> 00:16:46,000 Speaker 1: We'll talk about that and what actually has happened. We'll 288 00:16:46,040 --> 00:16:48,760 Speaker 1: talk about that as well, before we talk about any 289 00:16:48,800 --> 00:16:51,360 Speaker 1: of that. None of that really matters at all. I mean, 290 00:16:51,400 --> 00:16:54,240 Speaker 1: a bank run really doesn't matter. If you've just been 291 00:16:54,280 --> 00:16:57,520 Speaker 1: shot by some piece of trash, some Soros funded da 292 00:16:57,720 --> 00:17:00,480 Speaker 1: just sprung out of jail as you lay there dying 293 00:17:00,520 --> 00:17:03,520 Speaker 1: on a New York sidewalk because Alvin Bragg turned to 294 00:17:03,600 --> 00:17:06,359 Speaker 1: fell in loose. It doesn't do you much good to 295 00:17:06,359 --> 00:17:09,320 Speaker 1: worry about the financial system, now, does it. But hey, 296 00:17:09,440 --> 00:17:12,520 Speaker 1: maybe if you're laying there with the sucking chest wound, 297 00:17:12,880 --> 00:17:16,040 Speaker 1: maybe you'll have just enough time to say I should 298 00:17:16,080 --> 00:17:20,400 Speaker 1: have got a hero gun before it's too late. You see, 299 00:17:20,400 --> 00:17:22,560 Speaker 1: hero guns and non lethal gun you don't need a 300 00:17:22,600 --> 00:17:26,640 Speaker 1: concealed carry permit. Hero Erro non lethal shoots pepper jail. 301 00:17:26,680 --> 00:17:29,959 Speaker 1: The Hero gun shoots pepper balls. These things have won awards, 302 00:17:30,000 --> 00:17:33,720 Speaker 1: They've already saved lives, saved lives of my listeners. Keep 303 00:17:33,760 --> 00:17:36,280 Speaker 1: it on you, buy it, and keep it on you 304 00:17:36,480 --> 00:17:40,600 Speaker 1: all times. It's dangerous out there now, especially if you 305 00:17:40,640 --> 00:17:43,800 Speaker 1: think it's dangerous. Now, wait till the financial collapse comes. 306 00:17:43,800 --> 00:17:46,800 Speaker 1: Do you think we have violent, dangerous, mentally disturbed people 307 00:17:46,800 --> 00:17:49,400 Speaker 1: out there? Now, wait till the financial system gets worse. 308 00:17:50,480 --> 00:17:55,040 Speaker 1: Hero twenty twenty dot com code jesse gets you a 309 00:17:55,119 --> 00:17:59,919 Speaker 1: special discount. Hero twenty twenty dot com code Jesse. Now, 310 00:18:01,600 --> 00:18:05,760 Speaker 1: let's deal with SVB for a moment, because there is 311 00:18:06,040 --> 00:18:10,760 Speaker 1: a lot of misinformation out there, and people are reading 312 00:18:10,880 --> 00:18:15,119 Speaker 1: things the wrong way about what happened to it, why 313 00:18:15,440 --> 00:18:19,960 Speaker 1: it actually happened, and who's getting bailed out and should 314 00:18:20,000 --> 00:18:22,960 Speaker 1: they and we actually may disagree, we may agree on this, 315 00:18:23,280 --> 00:18:26,080 Speaker 1: but I'm about to set the record straight on some things. 316 00:18:26,520 --> 00:18:30,280 Speaker 1: I am going to tell you really briefly about you know, 317 00:18:30,359 --> 00:18:32,160 Speaker 1: for a while I've been wanting to kill a crocodile 318 00:18:32,160 --> 00:18:35,199 Speaker 1: because they kill so many people. We've got quite an 319 00:18:35,280 --> 00:18:37,200 Speaker 1: update on that today, And let me tell you quite 320 00:18:37,200 --> 00:18:46,720 Speaker 1: an update. Buckle up for this next. It is that 321 00:18:47,000 --> 00:18:50,000 Speaker 1: Jesse Kelly's show. And as we get ready to dig 322 00:18:50,040 --> 00:18:53,359 Speaker 1: into this system taking care of its own and the 323 00:18:53,480 --> 00:18:58,080 Speaker 1: bank bailouts and the beginning of something probably pretty ugly 324 00:18:58,160 --> 00:18:59,840 Speaker 1: and stuff like that, today, I thought it would be 325 00:18:59,840 --> 00:19:02,960 Speaker 1: in important to keep you abreast of all the really 326 00:19:03,000 --> 00:19:06,399 Speaker 1: important news out there. You know, I've had it on 327 00:19:06,480 --> 00:19:09,600 Speaker 1: my heart for quite some time, like a week, that 328 00:19:09,680 --> 00:19:12,400 Speaker 1: i want to kill a crocodile. I'm tired of watch 329 00:19:12,400 --> 00:19:14,800 Speaker 1: it what Chris, I'm tired of watching these shows about 330 00:19:14,800 --> 00:19:17,439 Speaker 1: how they kill all these African people every year. I 331 00:19:17,520 --> 00:19:20,840 Speaker 1: want some crocodile boots. I want a crocodile belt, and 332 00:19:20,880 --> 00:19:22,920 Speaker 1: I'm gonna get one. I even got this email, Jesse. 333 00:19:23,320 --> 00:19:24,879 Speaker 1: Have you been on the show? Have you seen the 334 00:19:24,920 --> 00:19:28,400 Speaker 1: show called Swamp People? It follows individuals and teams all 335 00:19:28,400 --> 00:19:32,120 Speaker 1: through the Southern United States who make a living hunting crocodiles. Mike, 336 00:19:32,160 --> 00:19:34,920 Speaker 1: get you started following your dream and her name is Amy. Amy, 337 00:19:34,960 --> 00:19:37,199 Speaker 1: I don't need to watch swamp people. I did it 338 00:19:37,280 --> 00:19:41,199 Speaker 1: myself today. See the wife and kids. The kids are 339 00:19:41,240 --> 00:19:45,040 Speaker 1: on spring break. There was some crocodile farm or something 340 00:19:45,160 --> 00:19:49,280 Speaker 1: here in the area, and it's mostly just a bunch 341 00:19:49,320 --> 00:19:51,919 Speaker 1: of little alligators. And they have a couple of crocodiles 342 00:19:51,920 --> 00:19:55,240 Speaker 1: that are two or three feet long. And we went 343 00:19:55,280 --> 00:19:57,399 Speaker 1: and watched and we threw them little meat nuggets and 344 00:19:57,440 --> 00:19:59,600 Speaker 1: stuff like that today. And I didn't actually kill any 345 00:19:59,680 --> 00:20:01,959 Speaker 1: I didn't touch any of them. But let me tell 346 00:20:02,000 --> 00:20:03,760 Speaker 1: you what. I was scouting him, and I see nothing 347 00:20:03,760 --> 00:20:06,480 Speaker 1: but weakness. I was watching the way they swim, watching 348 00:20:06,520 --> 00:20:10,359 Speaker 1: the way they walk. They're going down, all right, So 349 00:20:10,720 --> 00:20:12,720 Speaker 1: let's just say I hope they lock up tight after 350 00:20:12,840 --> 00:20:15,480 Speaker 1: dark because Jesse's out and about now. I'm gonna put 351 00:20:15,480 --> 00:20:19,480 Speaker 1: a stop to this. Now, back to what happened with 352 00:20:19,520 --> 00:20:22,399 Speaker 1: the banks, all right? Now, what actually happened. Let's deal 353 00:20:22,840 --> 00:20:26,520 Speaker 1: with Silicon Valley Bank first. There are a lot of 354 00:20:26,520 --> 00:20:31,320 Speaker 1: people who think that what happened was they got bailed out. 355 00:20:31,840 --> 00:20:35,000 Speaker 1: One that's not true yet. It will be true. Just 356 00:20:35,080 --> 00:20:38,120 Speaker 1: hang with me. It's not true yet. So that's one. Two. 357 00:20:42,400 --> 00:20:46,400 Speaker 1: What did happen, in my opinion, is awful but you 358 00:20:46,440 --> 00:20:49,879 Speaker 1: may have a different opinion. Now here's what Silicon Valley 359 00:20:49,920 --> 00:20:54,800 Speaker 1: Bank is. Is it a gutter trash woke bank. Yes, 360 00:20:54,960 --> 00:20:57,440 Speaker 1: of course it is. It is gutter trash and woke. 361 00:20:57,480 --> 00:20:59,680 Speaker 1: And we'll get to that portion of it in a moment. 362 00:20:59,680 --> 00:21:01,840 Speaker 1: That's why they'll be bailed out in the end, one 363 00:21:01,880 --> 00:21:04,800 Speaker 1: of the reasons why. But they weren't bailed out yet. 364 00:21:05,280 --> 00:21:10,760 Speaker 1: Remember a bank. People get this wrong. Banks are not charities. 365 00:21:11,320 --> 00:21:14,800 Speaker 1: They don't do what they do free of charge. Banks 366 00:21:14,800 --> 00:21:18,560 Speaker 1: are banks to make money. They've figured out a way 367 00:21:18,600 --> 00:21:22,080 Speaker 1: to make money with other people's money. The money you 368 00:21:22,280 --> 00:21:25,680 Speaker 1: put into a bank direct deposit, savings account, whatever you have, 369 00:21:26,119 --> 00:21:28,080 Speaker 1: they don't take it and go down to the little 370 00:21:28,119 --> 00:21:30,159 Speaker 1: bank vault and print out a bunch of hundreds and 371 00:21:30,200 --> 00:21:32,120 Speaker 1: put it in a little piggie bank with your name 372 00:21:32,119 --> 00:21:34,720 Speaker 1: on it. And it's marked there for Chris. We all 373 00:21:34,720 --> 00:21:36,840 Speaker 1: know Chris. They have about five nickels in there anyway, 374 00:21:36,840 --> 00:21:39,920 Speaker 1: But anyway, it's it's not protected. They take in your 375 00:21:40,080 --> 00:21:44,800 Speaker 1: money and then they loan out your money to other people, 376 00:21:45,600 --> 00:21:50,920 Speaker 1: and then they charge interest on the money. Here's what 377 00:21:51,080 --> 00:21:54,480 Speaker 1: Silicon Valley Bank did, and you should know a lot 378 00:21:54,520 --> 00:21:56,320 Speaker 1: of the money that's a huge bank. A lot of 379 00:21:56,320 --> 00:21:59,480 Speaker 1: the money in Silicon Valley's bank is from Silicon Valley 380 00:22:00,080 --> 00:22:05,080 Speaker 1: tech startups. The tech industry has been absurdly lucrative for 381 00:22:05,320 --> 00:22:08,919 Speaker 1: years in this country as technology advances, and there's just 382 00:22:09,000 --> 00:22:12,359 Speaker 1: been million billions to be made in it. But as 383 00:22:12,359 --> 00:22:15,080 Speaker 1: hot as it was, there was always going to be 384 00:22:15,200 --> 00:22:18,320 Speaker 1: a bubble that burst. As the saying always goes, You've 385 00:22:18,320 --> 00:22:19,879 Speaker 1: heard me to say it a thousand times. It's not 386 00:22:19,960 --> 00:22:23,280 Speaker 1: my saying, trees don't grow to the sky. At some 387 00:22:23,400 --> 00:22:26,439 Speaker 1: point in time that bubble bursts. We've seen it burst 388 00:22:26,560 --> 00:22:30,200 Speaker 1: this year, huge layoffs and all the big tech companies 389 00:22:30,240 --> 00:22:33,240 Speaker 1: from Google to Facebook to the Microsoft, they're all laying 390 00:22:33,240 --> 00:22:36,200 Speaker 1: off people by the thousands. The bubbles bursting as the 391 00:22:36,280 --> 00:22:38,439 Speaker 1: companies get ready for a new time. So now you 392 00:22:38,480 --> 00:22:42,639 Speaker 1: have all these young startup tech companies. Oh, bubbles bursting. 393 00:22:43,480 --> 00:22:46,720 Speaker 1: They go to Silicon Valley Bank and they say, hey, 394 00:22:48,000 --> 00:22:53,320 Speaker 1: I need my cash. But Silicon Valley Bank has a problem, honestly, 395 00:22:53,680 --> 00:22:57,360 Speaker 1: as much of a stupidity issue as anything else. They 396 00:22:57,480 --> 00:23:02,399 Speaker 1: took the money when interest rates were low, super super low, 397 00:23:02,920 --> 00:23:05,679 Speaker 1: and because interest rates were low, and they acted like 398 00:23:05,720 --> 00:23:11,560 Speaker 1: they would be low forever they invested the money and treasuries. Basically, 399 00:23:12,040 --> 00:23:15,640 Speaker 1: they invested it in things that are considered to be safe. 400 00:23:15,760 --> 00:23:18,359 Speaker 1: But it's only something you'd want to invest intof interest 401 00:23:18,480 --> 00:23:23,560 Speaker 1: rates are low, well baboom, interest rates scott high. And 402 00:23:23,640 --> 00:23:27,720 Speaker 1: now everyone's panicking and they're coming to Silicon Valley Bank 403 00:23:27,760 --> 00:23:29,920 Speaker 1: and they're saying, hey, I want my money out in 404 00:23:30,000 --> 00:23:32,520 Speaker 1: Silicon Valley Bank is saying, well, it's funny you should 405 00:23:32,520 --> 00:23:38,560 Speaker 1: mention that. See the money, your money, we push We 406 00:23:38,720 --> 00:23:42,160 Speaker 1: bought ten year bonds with that. So can you come 407 00:23:42,160 --> 00:23:44,640 Speaker 1: back in ten years for your money, because it'll be there. 408 00:23:44,720 --> 00:23:46,840 Speaker 1: Don't get me wrong, It's just not gonna be there 409 00:23:47,200 --> 00:23:50,960 Speaker 1: like now. It'll be there in ten years. This creates 410 00:23:50,960 --> 00:23:55,120 Speaker 1: this huge regulatory problem and pop goes the weasel. The 411 00:23:55,160 --> 00:23:59,760 Speaker 1: bank is gone. Now the people who run the company, 412 00:24:00,240 --> 00:24:03,399 Speaker 1: they are out of a job. They are out of 413 00:24:03,400 --> 00:24:06,400 Speaker 1: a job. As of now. Let me clarify that as 414 00:24:06,440 --> 00:24:10,400 Speaker 1: of now, the bank and its executives have not been 415 00:24:10,480 --> 00:24:15,040 Speaker 1: bailed out. As of now. Here's where it currently stands. 416 00:24:16,040 --> 00:24:20,000 Speaker 1: If you had deposits in that bank under two hundred 417 00:24:20,000 --> 00:24:23,040 Speaker 1: and fifty grand, you were already going to be covered 418 00:24:23,040 --> 00:24:26,800 Speaker 1: by FDIC insurance, Meaning if they lost one hundred grand 419 00:24:26,800 --> 00:24:29,120 Speaker 1: of your money. You're gonna go get one hundred grand back. 420 00:24:29,200 --> 00:24:32,040 Speaker 1: You're fine, But remember there's a cap on that, as 421 00:24:32,080 --> 00:24:35,200 Speaker 1: there should be. You can't FDIC insure two hundred and 422 00:24:35,240 --> 00:24:39,879 Speaker 1: fifty million. Obviously, that's crazy. Now let's pause for a moment. 423 00:24:40,040 --> 00:24:44,840 Speaker 1: Pause FDIC insurance. People have talked about this a lot today, 424 00:24:44,840 --> 00:24:47,359 Speaker 1: Oh my gosh, and it sounds so complicated. It's not 425 00:24:47,440 --> 00:24:51,520 Speaker 1: that complicated. People purposely make things complicated so they can 426 00:24:51,560 --> 00:24:54,080 Speaker 1: make you feel dumb because making you feel dumb as 427 00:24:54,119 --> 00:24:56,680 Speaker 1: how other people make themselves feel smart. I freaking hate 428 00:24:56,680 --> 00:25:00,520 Speaker 1: when people do that. FDIC insurance is not complicated. Banks 429 00:25:00,600 --> 00:25:07,080 Speaker 1: everywhere pay a fee, an insurance fee, an FDIC insurance fee. 430 00:25:08,000 --> 00:25:10,239 Speaker 1: So that's what you need. You need to know that 431 00:25:10,320 --> 00:25:14,919 Speaker 1: your bank pays FDIC insurance or credit Union as something different. 432 00:25:15,080 --> 00:25:16,960 Speaker 1: I won't go to. Just know that your bank has 433 00:25:17,000 --> 00:25:21,240 Speaker 1: FDIC insurance and they pay for that FDIC insurance. What 434 00:25:21,440 --> 00:25:26,560 Speaker 1: happened was they announced they are going to cover deposits 435 00:25:26,600 --> 00:25:30,840 Speaker 1: in excess of two hundred and fifty thousand dollars. What 436 00:25:30,920 --> 00:25:35,439 Speaker 1: does that mean? What it means is the FDIC is 437 00:25:35,480 --> 00:25:39,600 Speaker 1: going to cover it, but don't don't be comforted by 438 00:25:39,640 --> 00:25:42,760 Speaker 1: that fact at all. I mean you're going to cover 439 00:25:42,800 --> 00:25:47,080 Speaker 1: it because remember your bank, your bank who needs to 440 00:25:47,080 --> 00:25:49,600 Speaker 1: make money. They're the ones who are going to pay 441 00:25:49,680 --> 00:25:54,040 Speaker 1: the increased fees, extra fees, special assessments. I don't know 442 00:25:54,040 --> 00:25:56,160 Speaker 1: what they're going to call it. In the end, they'll 443 00:25:56,160 --> 00:25:58,720 Speaker 1: probably wait and see how many fail before they decide 444 00:25:58,720 --> 00:26:01,439 Speaker 1: exactly how they're going to imp lament the fees. But 445 00:26:01,560 --> 00:26:03,960 Speaker 1: those fees are not going to be paid for out 446 00:26:03,960 --> 00:26:06,760 Speaker 1: of a banking executive's pocket, although his bonus may be 447 00:26:06,840 --> 00:26:10,359 Speaker 1: a little less this year, all those new fees the 448 00:26:10,440 --> 00:26:13,000 Speaker 1: banks are going to pay are going to be paid 449 00:26:14,040 --> 00:26:19,000 Speaker 1: by the customers you. So when you get a little notice, 450 00:26:19,119 --> 00:26:21,280 Speaker 1: don't worry. They won't they won't make it obvious. We're 451 00:26:21,320 --> 00:26:24,840 Speaker 1: dealing with the most detestable, dishonest people on the planet. 452 00:26:25,200 --> 00:26:28,160 Speaker 1: So six months to a year from now, when you're 453 00:26:28,280 --> 00:26:32,000 Speaker 1: bank the local bank of wherever, Bank of Manhattan comes 454 00:26:32,040 --> 00:26:34,240 Speaker 1: to you and says, hey, just a heads up, customer, 455 00:26:34,440 --> 00:26:36,920 Speaker 1: we love you, but we're going to assess an extra 456 00:26:37,000 --> 00:26:40,159 Speaker 1: fifty dollars fee this year on your savings account. And 457 00:26:40,200 --> 00:26:42,239 Speaker 1: they obviously won't say what it's for. They'll make up. 458 00:26:42,320 --> 00:26:46,480 Speaker 1: Some lie, this is the saving sick puppies fee. That 459 00:26:46,560 --> 00:26:49,600 Speaker 1: way you won't riot at the bank. But as your 460 00:26:49,640 --> 00:26:52,640 Speaker 1: banking fees go up, that's why they go up. Chris, 461 00:26:52,640 --> 00:26:54,520 Speaker 1: did that makes sense? Did I lay that out? Okay, 462 00:26:55,080 --> 00:26:59,120 Speaker 1: so they're being bailed out, but not being bailed out, 463 00:26:59,240 --> 00:27:03,440 Speaker 1: but are being bailed out. Just wait, it actually gets worse. 464 00:27:03,480 --> 00:27:06,760 Speaker 1: I'm very grateful to the Biden administration for their swift action. 465 00:27:06,840 --> 00:27:10,240 Speaker 1: We are in communication all weekend long. They understood the 466 00:27:10,320 --> 00:27:12,280 Speaker 1: need that we had here in New York to ensure 467 00:27:12,320 --> 00:27:14,880 Speaker 1: that signature bank was also on the list of those 468 00:27:14,920 --> 00:27:19,600 Speaker 1: that received this and these traditional protections because they saw 469 00:27:19,680 --> 00:27:22,040 Speaker 1: that a run on a regional bank could pose a 470 00:27:22,040 --> 00:27:25,240 Speaker 1: great risk to our stability. Oh it post is a 471 00:27:25,240 --> 00:27:28,359 Speaker 1: great risk on something. We're gonna have a talk about 472 00:27:28,480 --> 00:27:31,639 Speaker 1: where the oracle shut up, Chris, where the oracle things? 473 00:27:31,680 --> 00:27:33,560 Speaker 1: This is going next and then we're going to do 474 00:27:33,640 --> 00:27:36,360 Speaker 1: medal of honor Monday, and we'll tear through some emails 475 00:27:36,359 --> 00:27:38,600 Speaker 1: and talk more about this. But that Hey, that was 476 00:27:38,680 --> 00:27:40,879 Speaker 1: a lot to pack into forty five minutes of radio. 477 00:27:40,920 --> 00:27:43,680 Speaker 1: I'm exhausted, No I'm not. I'm full of pep. As 478 00:27:43,720 --> 00:27:46,280 Speaker 1: you can hear why because I'm on a mail vitality 479 00:27:46,359 --> 00:27:49,600 Speaker 1: stack from Chalk, Because I'm not part of the low tgop. 480 00:27:50,080 --> 00:27:53,280 Speaker 1: I've never been part of lockdowns or big spending bills 481 00:27:53,600 --> 00:27:55,639 Speaker 1: or all the other insanity that brought us where we 482 00:27:55,680 --> 00:27:59,760 Speaker 1: are today. In fact, there's a direct correlation between testosterone 483 00:27:59,840 --> 00:28:03,040 Speaker 1: level was approaching zero and you being a Republican who 484 00:28:03,119 --> 00:28:06,720 Speaker 1: does things that makes Democrats happy that collapses the financial system. 485 00:28:07,000 --> 00:28:09,280 Speaker 1: In fact, if everyone had been on a male vitality 486 00:28:09,320 --> 00:28:12,120 Speaker 1: stack from Chuck from the very beginning, we would never 487 00:28:12,160 --> 00:28:15,200 Speaker 1: have been in this situation. Nevertheless, none of them were. 488 00:28:15,280 --> 00:28:17,199 Speaker 1: They're all just finding out about it now, and so 489 00:28:17,280 --> 00:28:19,879 Speaker 1: we're all screwed. So take the five cents you have 490 00:28:20,040 --> 00:28:22,720 Speaker 1: left in your bank and go to Chuck dot com 491 00:28:23,119 --> 00:28:26,240 Speaker 1: used to promo code Jesse, and get a male vitality 492 00:28:26,280 --> 00:28:29,520 Speaker 1: stack from Chalk because a twenty percent increasing your testa 493 00:28:29,600 --> 00:28:32,439 Speaker 1: strone in ninety days is exactly what you're going to 494 00:28:32,520 --> 00:28:37,080 Speaker 1: need in the coming times. Ladies, female vitality stack. In fact, 495 00:28:37,520 --> 00:28:44,120 Speaker 1: load up on natural herbal supplements so we are ready 496 00:28:44,120 --> 00:28:46,800 Speaker 1: for what's coming. Might be a rocky road. Here for 497 00:28:46,800 --> 00:28:52,680 Speaker 1: a little bit, shoq dot com promo code Jesse all right, 498 00:28:53,200 --> 00:29:04,600 Speaker 1: hang on, Jesse Kelly, it is the Jesse Kelly Show. 499 00:29:04,960 --> 00:29:09,280 Speaker 1: And oh boy, it's you know what, Chris, Chris did 500 00:29:09,320 --> 00:29:12,600 Speaker 1: some digging during the break case. You're thinking, I'm Johnny 501 00:29:12,640 --> 00:29:16,280 Speaker 1: come lately to all these things about where we're at now, 502 00:29:16,560 --> 00:29:19,120 Speaker 1: And well, Chris did some digging, and he did a 503 00:29:19,120 --> 00:29:22,120 Speaker 1: bunch of flashback to Jesse, to flashback to Jesse, to 504 00:29:22,200 --> 00:29:25,440 Speaker 1: flashback to Jesse. These are all over a year or 505 00:29:25,480 --> 00:29:29,080 Speaker 1: a year year, two years old. These are old clips. Anyway, 506 00:29:29,160 --> 00:29:31,320 Speaker 1: take it away, Chris, and I bring all this up 507 00:29:32,080 --> 00:29:35,840 Speaker 1: because I do genuinely believe we are on the verge 508 00:29:35,840 --> 00:29:39,840 Speaker 1: of one. I do, and there are a lot of 509 00:29:39,880 --> 00:29:43,400 Speaker 1: factors that come into play. But I'll tell you, and 510 00:29:44,200 --> 00:29:46,440 Speaker 1: I suppose this is supposed to make me feel good, 511 00:29:46,720 --> 00:29:49,760 Speaker 1: it doesn't. It actually makes me feel bad. I told 512 00:29:49,800 --> 00:29:54,400 Speaker 1: you all this was coming. I am telling you the 513 00:29:54,520 --> 00:29:58,920 Speaker 1: public outcry had better start switching gears from save us 514 00:29:58,960 --> 00:30:02,080 Speaker 1: from the disease and close us all down to open 515 00:30:02,200 --> 00:30:04,800 Speaker 1: us back up now, or we are heading towards a 516 00:30:04,840 --> 00:30:07,920 Speaker 1: great depression in the United States of America. Not every 517 00:30:07,920 --> 00:30:12,840 Speaker 1: session a great depression, and some jerkwater one trillion dollar 518 00:30:12,880 --> 00:30:15,040 Speaker 1: bill in Congress even if it did pass, ain't going 519 00:30:15,120 --> 00:30:19,800 Speaker 1: to change that, not one bit. I have never seen 520 00:30:19,840 --> 00:30:23,360 Speaker 1: this kind of lunacy in my life. I'm disgusted by 521 00:30:23,440 --> 00:30:26,800 Speaker 1: the people who lead us, but I'm not surprised. Maybe 522 00:30:26,800 --> 00:30:28,520 Speaker 1: that is a good thing that can come from all this. 523 00:30:28,680 --> 00:30:31,800 Speaker 1: On top of the family time, maybe more time in prayer. 524 00:30:32,400 --> 00:30:34,960 Speaker 1: Maybe we all need a helpful reminder that we have 525 00:30:35,080 --> 00:30:40,520 Speaker 1: a bunch of degenerate sociopaths leading this country. Don't trust them. Ever, 526 00:30:41,480 --> 00:30:44,160 Speaker 1: that was obviously from the very beginning when we were 527 00:30:44,160 --> 00:30:49,200 Speaker 1: talking about the coronavirus lockdowns. Look, this is something everyone 528 00:30:49,280 --> 00:30:56,360 Speaker 1: should have seen coming, everyone left right, middle, Republican, Democrat, American, Canadian, Mexican, 529 00:30:56,440 --> 00:31:00,360 Speaker 1: I don't care where you were from. The very idea 530 00:31:01,040 --> 00:31:03,880 Speaker 1: that you should look at your economy when you get 531 00:31:03,880 --> 00:31:07,880 Speaker 1: a virus and tell it to stop moving is so 532 00:31:08,120 --> 00:31:13,680 Speaker 1: irrational and insane and suicidal. And it's it's not just 533 00:31:13,720 --> 00:31:18,200 Speaker 1: that the idea exists, this became the mainstream way of thinking. 534 00:31:18,360 --> 00:31:20,880 Speaker 1: It still is in large part out there, that you 535 00:31:20,920 --> 00:31:23,440 Speaker 1: can just look at your economy and just hit pause 536 00:31:24,080 --> 00:31:27,440 Speaker 1: and we'll just start it again when we're ready. What 537 00:31:27,520 --> 00:31:30,920 Speaker 1: kind of lunacy is this? And of course now now 538 00:31:30,920 --> 00:31:34,160 Speaker 1: that we're already screwed. Now we have all the experts 539 00:31:34,160 --> 00:31:36,560 Speaker 1: out there like Larry Summers saying, oh, we're going to 540 00:31:36,600 --> 00:31:40,760 Speaker 1: a recession. Yeah, that one hurts me as much as 541 00:31:40,760 --> 00:31:43,200 Speaker 1: it hurts you. You know what, Pause on that for 542 00:31:43,240 --> 00:31:51,320 Speaker 1: a second. Where are we going. Well, here's the problem. 543 00:31:51,440 --> 00:31:53,040 Speaker 1: Let's say, you know what, let's talk about crime for 544 00:31:53,040 --> 00:31:54,800 Speaker 1: a minute. Believe me, this is about the recession. But 545 00:31:54,920 --> 00:31:57,680 Speaker 1: I think crime will will help bring this point home. 546 00:31:58,840 --> 00:32:05,760 Speaker 1: Why do Democrats, communists, why do they want violent criminals 547 00:32:05,760 --> 00:32:09,240 Speaker 1: out of jail? They very clearly do. This is something 548 00:32:09,240 --> 00:32:13,600 Speaker 1: communists like George Soros. He's funded prosecutors across the nation 549 00:32:13,680 --> 00:32:16,240 Speaker 1: coast to coast, so New York to la and he's 550 00:32:16,280 --> 00:32:19,520 Speaker 1: only funded the ones who will turn violent criminals loose 551 00:32:19,600 --> 00:32:23,320 Speaker 1: from jail. Why do they do that though? They do 552 00:32:23,400 --> 00:32:27,600 Speaker 1: that because they know the violent criminals will go out 553 00:32:27,640 --> 00:32:30,560 Speaker 1: and commit more acts of violence. And when you say 554 00:32:30,600 --> 00:32:32,880 Speaker 1: that to people, this is about finances. Just stay with me. 555 00:32:33,080 --> 00:32:34,840 Speaker 1: When you say that to people, they come back and 556 00:32:34,880 --> 00:32:37,680 Speaker 1: they say, Jesse, that's crazy. Then people are going to 557 00:32:37,720 --> 00:32:41,240 Speaker 1: go vote against Democrats. And what I always have to 558 00:32:41,280 --> 00:32:52,240 Speaker 1: remind myself is chaos, disaster, angst, fear always aids the 559 00:32:52,280 --> 00:32:57,800 Speaker 1: communist always in the end. There's a reason Lennon called 560 00:32:57,840 --> 00:33:02,240 Speaker 1: for a quote revolution with out end. Now, why though, 561 00:33:02,520 --> 00:33:05,880 Speaker 1: why does that? It doesn't make sense. Okay, he's a Democrat. 562 00:33:05,920 --> 00:33:09,200 Speaker 1: Alvin Bragg as a Democrat. He turned this murderer loose, 563 00:33:09,480 --> 00:33:13,000 Speaker 1: So I am going to go vote against Democrats. That's 564 00:33:13,000 --> 00:33:17,480 Speaker 1: how you think. So that's how you think other people think. 565 00:33:17,760 --> 00:33:21,920 Speaker 1: But the truth is, in chaos and despair, in fear, 566 00:33:22,720 --> 00:33:29,280 Speaker 1: people will inevitably turn to the government and say, help 567 00:33:30,440 --> 00:33:34,600 Speaker 1: do something. I am very, very worried about where we're 568 00:33:34,640 --> 00:33:37,840 Speaker 1: going in the coming months, frankly in the coming years, 569 00:33:38,680 --> 00:33:43,520 Speaker 1: because this is why today it's Silicon Valley Bank and 570 00:33:43,640 --> 00:33:49,520 Speaker 1: Signature Bank. If this continues, and I anticipate it to continue, 571 00:33:49,600 --> 00:33:53,240 Speaker 1: when interest rates continue to go up like this, if 572 00:33:53,240 --> 00:33:58,200 Speaker 1: this continues, you're going to see what you're going to see. 573 00:33:58,400 --> 00:34:02,360 Speaker 1: Every bank now step up and say, hey, our depositors 574 00:34:02,400 --> 00:34:05,240 Speaker 1: need to have their money ensured. Our depositors need their 575 00:34:05,280 --> 00:34:10,120 Speaker 1: money back. And the American people who have their money 576 00:34:10,160 --> 00:34:15,439 Speaker 1: in these banks, yourself included, myself included, might have an 577 00:34:15,440 --> 00:34:18,959 Speaker 1: appetite for that. Because think about, think about think about 578 00:34:19,000 --> 00:34:21,759 Speaker 1: if you're a retirement as part of that. What if 579 00:34:21,760 --> 00:34:25,520 Speaker 1: you have your retirement in Bank of America. Let's say 580 00:34:25,560 --> 00:34:28,080 Speaker 1: you busted your butt fingers to the bone thirty years, 581 00:34:28,320 --> 00:34:31,239 Speaker 1: You've got half a million in the bank and you're 582 00:34:31,239 --> 00:34:33,239 Speaker 1: living off the interest. That's not a lot of money. 583 00:34:33,239 --> 00:34:35,200 Speaker 1: If you got to live for the next twenty thirty years, 584 00:34:35,320 --> 00:34:37,279 Speaker 1: you got to figure out how to get by and 585 00:34:37,320 --> 00:34:44,280 Speaker 1: then boom tomorrow, government or the bank steps up and says, oh, dang, sorry, 586 00:34:45,239 --> 00:34:48,520 Speaker 1: you got a little over leverage there. Your retirement's gone. 587 00:34:49,400 --> 00:34:53,640 Speaker 1: Would you, even the hardcore anti communists you are, would 588 00:34:53,719 --> 00:34:57,479 Speaker 1: you cry for someone to give you your money back 589 00:34:57,600 --> 00:35:00,479 Speaker 1: so you cannot go to work at Walmart? You bet 590 00:35:00,520 --> 00:35:03,680 Speaker 1: your butt you would. And even if you wouldn't, even 591 00:35:03,680 --> 00:35:06,799 Speaker 1: if you say you wouldn't, you and I have to understand, 592 00:35:07,280 --> 00:35:11,560 Speaker 1: ninety nine point nine nine percent of people will. So 593 00:35:11,800 --> 00:35:14,319 Speaker 1: this is the problem when you have what we have. 594 00:35:14,719 --> 00:35:18,120 Speaker 1: If this does snowball and they start to close, and 595 00:35:18,160 --> 00:35:20,279 Speaker 1: they start to collapse and start to close and start 596 00:35:20,360 --> 00:35:24,720 Speaker 1: to collapse, not only will this increase government power because 597 00:35:24,800 --> 00:35:28,480 Speaker 1: government's going to start stepping in and essentially taking over 598 00:35:28,560 --> 00:35:33,840 Speaker 1: these places. It's going to increase government power because the 599 00:35:33,920 --> 00:35:38,200 Speaker 1: people are going to ask them to That's just the 600 00:35:38,200 --> 00:35:42,319 Speaker 1: bottom line. You've already seen it today from various politicians 601 00:35:42,320 --> 00:35:44,560 Speaker 1: on both sides. Well, I'm not sure how I feel 602 00:35:44,600 --> 00:35:48,399 Speaker 1: about it, but I know you shouldn't lose your deposit. Well, 603 00:35:48,400 --> 00:35:51,600 Speaker 1: if that's your response to one, then that'll be your 604 00:35:51,600 --> 00:35:54,640 Speaker 1: response to signature bank, because they're the second. And then 605 00:35:54,680 --> 00:35:56,880 Speaker 1: that'll read the response to the next bank, and the 606 00:35:56,920 --> 00:35:58,839 Speaker 1: next bank, and the next bank, and the next bank, 607 00:35:58,840 --> 00:36:01,200 Speaker 1: and the next bank and the next, and soon you 608 00:36:01,200 --> 00:36:04,279 Speaker 1: have an industry where the federal government is going to 609 00:36:04,320 --> 00:36:07,640 Speaker 1: step in, maybe create whole new departments, maybe pass another 610 00:36:07,719 --> 00:36:10,920 Speaker 1: gigantic trillion or two dollar bill. Oh, Chris, I hope 611 00:36:10,920 --> 00:36:12,640 Speaker 1: you're writing all this down. This is going to be 612 00:36:12,680 --> 00:36:15,680 Speaker 1: a segment that the Oracle is going to want replayed. 613 00:36:15,920 --> 00:36:19,440 Speaker 1: Trust me on this. They're coming for the financial system 614 00:36:19,440 --> 00:36:24,600 Speaker 1: because chaos, angst fear always aids the communist. When you 615 00:36:24,640 --> 00:36:27,120 Speaker 1: have a disaster like this, you don't get free market. 616 00:36:27,160 --> 00:36:29,600 Speaker 1: In the end, you don't get more free market, you 617 00:36:29,600 --> 00:36:32,920 Speaker 1: don't get less regulation. You don't get less government, you 618 00:36:33,000 --> 00:36:36,560 Speaker 1: get more. Let's walk away from that. We'll come back 619 00:36:36,600 --> 00:36:39,040 Speaker 1: to do a lot of We'll come back to where 620 00:36:39,080 --> 00:36:42,759 Speaker 1: I see this going, and that part maybe a little 621 00:36:42,800 --> 00:36:46,160 Speaker 1: bit uglier after we do Medal of Honor Monday. Until 622 00:36:46,239 --> 00:36:48,919 Speaker 1: that time, do keep in mind what I just said 623 00:36:48,960 --> 00:36:53,400 Speaker 1: about the prosecutors. No, remember all these prosecutors who are 624 00:36:53,400 --> 00:36:57,360 Speaker 1: out there turning criminals loose, they're virtually all still employed. 625 00:36:57,719 --> 00:37:00,600 Speaker 1: And maybe you're sitting there saying, nah, Jesse said, Francisco 626 00:37:00,680 --> 00:37:02,799 Speaker 1: got rid of theirs. Yeah, and they appointed a new one. 627 00:37:03,800 --> 00:37:07,040 Speaker 1: People will get mad at the individual temporarily and they'll 628 00:37:07,080 --> 00:37:09,399 Speaker 1: blame them and they'll bounce them, and then they'll don't 629 00:37:09,440 --> 00:37:12,439 Speaker 1: go just pick another one. That's why there's this myth 630 00:37:12,520 --> 00:37:14,759 Speaker 1: that the Moderate Democrat Party is gonna come back. It's 631 00:37:14,800 --> 00:37:18,800 Speaker 1: never gonna come back's gone. Have you bought your mantis 632 00:37:18,920 --> 00:37:23,160 Speaker 1: x system today? I have my glock nineteen sitting right there, 633 00:37:23,400 --> 00:37:25,520 Speaker 1: right here beside me. You know, I get to practice 634 00:37:25,560 --> 00:37:28,879 Speaker 1: in the studio because mantis x allows me to drive 635 00:37:29,000 --> 00:37:34,000 Speaker 1: fire practice in the studio, give me live feedback, real 636 00:37:34,080 --> 00:37:38,040 Speaker 1: time feedback in the studio. I know whether I'm pushing 637 00:37:38,160 --> 00:37:41,719 Speaker 1: poland doing this, doing that because mantis x knows. Go 638 00:37:41,840 --> 00:37:46,200 Speaker 1: to mantis x dot com and get yours today mantis 639 00:37:46,480 --> 00:37:48,759 Speaker 1: x dot com. Start practicing