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Speaker 1: This is a Jesse Kelly show. It is a Jesse

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Speaker 1: Kelly show. Let's have some fun on a Tuesday. It's

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Speaker 1: already Tuesday. The week is flying by, and if only

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Speaker 1: there was something in the news. Okay, obviously we have

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Speaker 1: updates on some of the Durham stuff today. The IRS

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Speaker 1: stuff might actually kind of in a way be more

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Speaker 1: frightening than the Durham stuff. Yeah, Christer's Irs stuff. I'll

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Speaker 1: get to the Irs stuff. We have people with some suggestions.

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Speaker 1: I'm about to make a suggestion that's going to be very,

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Speaker 1: very offensive and we'll probably make people angry when it

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Speaker 1: comes to the FBI. But it's a pass forward that

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Speaker 1: I believe is necessary. I didn't get to the Trump

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Speaker 1: versus DeSantis little war of words on abortion that's going

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Speaker 1: on right now. I'll get to that. CBS wants you

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Speaker 1: to Eat Bugs. Netflix missed the boat again, Matt gets

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Speaker 1: makes a great suggestion, and a sorority in Wyoming sticking

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Speaker 1: up for itself. All that and so much more coming

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Speaker 1: on tonight on the world famous Jesse Kelly Show. Oh

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Speaker 1: I got this female too. This is probably where we

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Speaker 1: should begin. Oh mighty cheeseburger Master. What Chris it seems

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Speaker 1: we have a Durham sighting. Do you think this has

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Speaker 1: anything to do with your book release? He didn't want

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Speaker 1: his report overshadowed by your book, which can be purchased

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Speaker 1: at Jesse kellybook dot com. What, Chris, I was sitting

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Speaker 1: around last night and I was thinking to myself, I

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Speaker 1: bet this is about me. I like to imagine whenever

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Speaker 1: there are huge events, I like to imagine they're directly

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Speaker 1: related to me and my thoughts and my things, because

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Speaker 1: really the world revolves around me for the most All right, Quinn,

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Speaker 1: focus what's going on today? First? Let's deal with the

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Speaker 1: Durham stuff. Again. We hit on it a bit last night,

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Speaker 1: so we're not going to spend all day on it.

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Speaker 1: But let's deal with it from a macro level, because

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Speaker 1: what do you want me to do?

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Speaker 2: Well?

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Speaker 1: What are we supposed to sit here and say everything's

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Speaker 1: corrupt and dirty and we're in deep trouble? You know that? Well?

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Speaker 1: I told you that last night. Do we need to

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Speaker 1: should I just beat you over the face with that

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Speaker 1: over and over. We'll just beat each other up again

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Speaker 1: about how screwed we are. Let's tell you what I

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Speaker 1: told you last night, America as it's currently constituted, will

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Speaker 1: not be here one hundred years from that. Late stage.

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Speaker 1: Republics very very rarely are able to save themselves today today,

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Speaker 1: if you had any kind of a normal country or

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Speaker 1: a country that was going to survive the doors of

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Speaker 1: the Hoover Building, if FBI headquarters would be locked in

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Speaker 1: chain shut today, every employee would be barred from the building.

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Speaker 1: There would be immediately you'd be dealing with depositions, you'd

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Speaker 1: be preparing for upcoming trials of FBI agents. That mouthfeasance

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Speaker 1: like that with the Federal Law Enforcement arm should stop

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Speaker 1: the nation. It should virtually stop the nation instead. But

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Speaker 1: you and I we know the truth. Nobody's gonna get

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Speaker 1: in trouble. Nobody is. FBI already came out and basically bragged, Hey,

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Speaker 1: we did the performs already, We're good to go. You're

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Speaker 1: getting stuff like this today all day long. From of course,

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Speaker 1: the apparatricks in the media.

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Speaker 2: With John Durham is like it's a big fact.

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Speaker 1: Nothing the whole thing is predicated on. It's like a

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Speaker 1: rabbit hole conspiracy.

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Speaker 2: Seems to be a complete dud once again, another dud

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Speaker 2: by John Durham.

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Speaker 1: So why why am I talking about the end of America,

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Speaker 1: and we'll get to the offensive thing I think we

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Speaker 1: need to start doing when it comes to the FBI.

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Speaker 1: I'll get to that here in just a second. But

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Speaker 1: why do I say things like that one hundred years

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Speaker 1: from now we won't be here. Well, we, you and me,

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Speaker 1: we are on the right, wherever on the right you

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Speaker 1: happen to be. I call myself an anti communist. Maybe

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Speaker 1: you call yourself a conservative or a libertarian or a nationalist.

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Speaker 1: It doesn't matter. You're somewhere on the right. You are

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Speaker 1: somewhat of an individualist. You are if you were a robot,

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Speaker 1: if you were into the sheep stuff, the group think

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Speaker 1: you'd be on the left. You were not. At least

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Speaker 1: on some level. You are an individualist. Do you like

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Speaker 1: to think about things for yourself? Even on your favorite shows,

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Speaker 1: your favorite writers me, which, of course I'm probably your

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Speaker 1: favorite show. If I say something you disagree with, you

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Speaker 1: don't go along with it because I said it. I

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Speaker 1: hope not. You better not. You process it, You think

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Speaker 1: about it, You say to yourself, Jesse's wrong, I don't agree.

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Speaker 1: I've thought through it. I looked into it for myself.

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Speaker 1: This is what I actually believe. Okay, that's a good thing.

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Speaker 1: That's a good thing that you're an individualist. But when

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Speaker 1: we think only in individual terms, sometimes we can miss

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Speaker 1: what it means to be a society. I said society.

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Speaker 1: I was about to say a nation, because but this

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Speaker 1: really applies to nations large and powerful like ours. This

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Speaker 1: applies to tiny tribes. What does it mean to be

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Speaker 1: a nation? Well, part of a nation, A critical part

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Speaker 1: of any nation is the nation's institutions. And I actually

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Speaker 1: don't like that. Maybe you don't like that. I don't

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Speaker 1: like that we have to rely on institutions and that

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Speaker 1: that's a huge part of our country because I'm an individual. Right,

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Speaker 1: you're an individual. We are on our own. But the

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Speaker 1: truth is your institutions they will guide your country. They will.

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Speaker 1: Let's go to our village. We go to all the

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Speaker 1: time to help me. It's mainly me to help me

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Speaker 1: understand what I'm talking about here. Our village. It's one

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Speaker 1: hundred people in it. Our village, even though it's only

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Speaker 1: one hundred people. We will have a schoolhouse of some kind, right, Okay,

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Speaker 1: that's an institution that's our education right there. Our children

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Speaker 1: will go there. What are they teaching in that school,

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Speaker 1: What are they teaching the children? Are they hyper focused

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Speaker 1: on math and science? What if they're super focused on

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Speaker 1: math and science, what do you think that would mean

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Speaker 1: for the future of our village. Do you think that

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Speaker 1: would mean advancements in math and science? Probably that would

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Speaker 1: snowball into technological advancements, of course it would. That's because

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Speaker 1: that institution is hyper focused on that. If that institution

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Speaker 1: set set aside math and science, that institution's focused on agriculture.

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Speaker 1: When you you take Aid and Jaden and Braden and

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Speaker 1: I'll take my sons James and Luke and we'll drop

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Speaker 1: them off at our little village hut and go to

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Speaker 1: school one day and for seven eight hours a day,

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Speaker 1: they're gonna learn about agriculture. They're gonna learn how to grow.

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Speaker 1: Maybe they'll even learn about animals, and they'll learn about

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Speaker 1: things like that. What would that mean for the future

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Speaker 1: of our village? That institution would produce people who would

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Speaker 1: advance the village in agricultural ways. Entertainment what's our entertainment focus?

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Speaker 1: What's sports? Sports are important? What's our sport in the village?

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Speaker 1: Do we play cornhole and darts? Are our sports more combative?

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Speaker 1: Do we have something like that looks more like football

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Speaker 1: or lacrosse. Well, if our institution of sports in our

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Speaker 1: village focused on things like combat sports, our village would

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Speaker 1: produce better men fit for combat. Maybe ladies too, if

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Speaker 1: we needed them. You see what I mean institutions our religion.

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Speaker 1: What is the religion of our village. Let's set aside

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Speaker 1: your religion for a moment. Whatever it happens to be

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Speaker 1: was set aside your religion for a moment. Let's say

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Speaker 1: our religion in the village. Let's say it placed a

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Speaker 1: huge priority on the stars and the planets in the sky,

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Speaker 1: and that was just important. You had to understand that.

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Speaker 1: You wanted a further understanding of that. Let's say we're

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Speaker 1: one of those weirdos that think that's where everything happens

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Speaker 1: up there. So what would that mean for the future

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Speaker 1: of our village. We would have a village because we

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Speaker 1: had an institution that pushed it, that would be more

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Speaker 1: advanced when it came to the study of the planets

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Speaker 1: and things like that. You see what I mean to institutions.

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Speaker 1: Institutions will decide the direction your village or nation goes.

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Speaker 1: Individualists like you, like me, may not love that, but

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Speaker 1: That is the truth America. America is the well, it's

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Speaker 1: its institutions. It is what its institutions produce. Why do

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Speaker 1: we have so much of this? And why don't we

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Speaker 1: have enough of that? Well, the institutions are producing more

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Speaker 1: of this and not enough of that. Why do we

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Speaker 1: do this? Why do we not do that? Our institutions

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Speaker 1: decide these things. Our education system, our religion, our entertainment,

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Speaker 1: our government. These institutions, they are the ones that create

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Speaker 1: what's it called, what's a great saying for it? I

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Speaker 1: heard cultural carrots and sticks. They will decide what are

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Speaker 1: people incentivized to do? What are they disincentivized to do.

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Speaker 1: If you were raised in ancient Sparta, every single cultural incentive,

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Speaker 1: if you were a young boy, would be you're a warrior.

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Speaker 1: Become a warrior, be brave, be tough, be brave, be tough,

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Speaker 1: be a warrior, be brave, And every single disincentive would

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Speaker 1: be coward. Don't want to be a coward. You're better

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Speaker 1: up jumping off a cliff than being a coward. If

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Speaker 1: you don't qualify for an army, they'll probably throw you

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Speaker 1: off the cliff. Don't be a coward. Serve in the military.

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Speaker 1: What did that produce a society of all warriors? Your

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Speaker 1: nation is a result of its institutions. But what's happened

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Speaker 1: now with the Durham drop, which it was just confirmation

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Speaker 1: of things. You and I already knew. What's happened now.

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Speaker 1: And the reason I say we won't be here one

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Speaker 1: hundred years from now is what happens when your nation's

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Speaker 1: institutions become not only poisonous, become distrusted. You want to

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Speaker 1: walk through this with me. Let's walk through this and

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Speaker 1: then we'll laugh about some squabbles and the Democratic Party.

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Speaker 1: Eric Adams is squabbling with Joe Biden. Biden's squabbling with

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Speaker 1: MEEO Bley. It's great before we get to that. As

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Speaker 1: the financial institutions around us come apart, it is important

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Speaker 1: that we take steps to make sure we are protecting

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Speaker 1: our ourselves in ways they cannot and will not. You know,

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Speaker 1: these people will not protect us, They will not take

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Speaker 1: care of us. We have to take steps. We have

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Speaker 1: to acquire precious metals. We must have gold or silver

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Speaker 1: coins in our physical possession. We must get gold and

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Speaker 1: silver or silver, I should say in our four oh

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Speaker 1: one k or ira. This is not because I like

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Speaker 1: the shine of it. I actually don't really care for

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Speaker 1: jewelry at all. I like the reliability of it. I

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Speaker 1: love I geek out on the fact that when I

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Speaker 1: look at my gold coins, I know that either I

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Speaker 1: will need them one day to purchase goods and services

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Speaker 1: my dollar no longer does or I know there will

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Speaker 1: be a Kelly somewhere down the line, maybe my sons,

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Speaker 1: maybe their sons, maybe their sons who will need that.

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Speaker 1: Isn't that cool? Call eight three three nine nine five

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Speaker 1: gold and get some. You need some. It's safety, it's reliability.

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Speaker 1: Eight three three nine gold. Tell him Jesse told you

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Speaker 1: to call. We'll be back The Jesse Kelly Show on

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Speaker 1: air and online at Jesse kellyshow dot com. It is

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Speaker 1: the Jesse Kelly Show, getting ready to offend people with

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Speaker 1: a suggestion about the FBI. And we have oh, we

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Speaker 1: still have IRS news I need to get to and

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Speaker 1: then we'll get to. Oh, Senator Cucumbers, he was interrogating

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Speaker 1: somebody in the Senate today. That's going to be tons

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Speaker 1: of fun. Pro lifers under attack all these things, but

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Speaker 1: all these are going to tie back to what I'm

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Speaker 1: talking about now. So we're talking about our institutions and

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Speaker 1: why the institutions of a nation are so important, how

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Speaker 1: they will decide the direction of the nation. You know,

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Speaker 1: like Germany's a good example. Why is it? What is

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Speaker 1: it Mercedes? Who has that commercial that says German engineering German?

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Speaker 1: It is Mercedes, right boys, Mercedes? Okay, I think it's

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Speaker 1: either way, it's some German company. Why would you brag

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Speaker 1: about German engineering? I remember I had to buy something,

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Speaker 1: one of those stick things. That's a long story anyway,

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Speaker 1: I had to buy something a little while ago, and

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Speaker 1: right there in the AD because there were all kinds

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Speaker 1: of different brands for it, right there in the AD.

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Speaker 1: German engineering engineered by Germany. Why does that matter? Well,

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Speaker 1: Germany has traditionally been a nation where it's institutions pushed

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Speaker 1: people into engineering engineering advancements. Now they've created for themselves

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Speaker 1: a culture where you hear it's a German engineer, German engineering.

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Speaker 1: That's probably quality stuff. That's the culture. But let's go

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Speaker 1: to where we are. Why do I say things like

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Speaker 1: we won't be here one hundred years from now, Well,

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Speaker 1: I want you to go back to our hundred person

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Speaker 1: village we were just talking about and think about the institutions,

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Speaker 1: the religious one, the schools, the sports, to everything. What

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Speaker 1: happens to our hundred person village in the long run

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Speaker 1: when it's time for school that day. And in the past,

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Speaker 1: You've taken Aiden, Jaden and Braiden to school, and I've

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Speaker 1: taken James and Luke to school because we believed in

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Speaker 1: that institution and we trusted that institution to guide our

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Speaker 1: children in ways we wanted. So what happens when I

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Speaker 1: walk by your little mud hut and I'm taking James

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Speaker 1: and Luke to school that day, and I say, hey,

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Speaker 1: are Aiden, Jaden and Braiden coming? They can walk with us?

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Speaker 1: And you say, now, I'm out on that school. That

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Speaker 1: school is garbage. I don't trust it anymore. What happens

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Speaker 1: when half of the village doesn't trust the school anymore

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Speaker 1: and look set aside. Whether the school has earned it

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Speaker 1: or not, that's not gonna matter for the time being.

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Speaker 1: What happens when kar village we had a religion, one

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Speaker 1: of those crackpot ones that worships the sun, stars and

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Speaker 1: stuff like that, But that was our village religion. Remember

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Speaker 1: in our little experiment, what happens when half the village

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Speaker 1: is still going to whatever Riirdo's star church it is,

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Speaker 1: and the other half decides, Hey, this religion's garbage. I

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Speaker 1: don't like it anymore. I don't believe in any of that.

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Speaker 1: I'm not going What happens when the sports, the sports

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Speaker 1: that we're bringing our village together, a feeling of village harmony,

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Speaker 1: training our young men for combat because we went into

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Speaker 1: combat sports member, what happens when half the village decides

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Speaker 1: I don't like this sport. This sport's stupid, like soccer is.

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Speaker 1: I'm not joining it anymore. I don't like it. My

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Speaker 1: son's not in now. Obviously this is all tongue in cheek,

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Speaker 1: but think about what that means for the future of

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Speaker 1: the village. What does it mean when the institutions are

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Speaker 1: no longer trusted. What it means is this, You're not

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Speaker 1: at the end the day. When the day comes and

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Speaker 1: half the people don't trust the school and don't trust

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Speaker 1: the sports, and don't trust the religion. When that day

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Speaker 1: finally comes, you're not at the end, but you're on

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Speaker 1: the path heading that way, and it will be virtually

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Speaker 1: impossible to stop it, to change direction, because eventually you'll

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Speaker 1: get to a point there will be so much institutional distrust.

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Speaker 1: You will simply have the village turning against itself. You

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Speaker 1: will have half the people going one way, the other

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Speaker 1: half going the other way. It will cease becoming a village,

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Speaker 1: and it will become two separate societies within the same fence.

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Speaker 1: And when that day comes, you're no longer a community.

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Speaker 1: When that day comes, you are fighters in a cage,

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Speaker 1: and only one of you is coming out the other side.

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Speaker 1: That's what's happened already in your country, in my country,

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Speaker 1: Trump's presidency revealed most of that. As they went to

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Speaker 1: attack Trump. COVID really really revealed that we watched, We

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Speaker 1: sat back and watched institutions that we didn't even think

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Speaker 1: about before. Look ten years ago, it wouldn't be hard

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Speaker 1: to find somebody on the right who would criticize thers.

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Speaker 1: Everyone's hated the irs, that's nothing new. Ten years ago,

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Speaker 1: what percentage of the people would criticize the FBI? You'd

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Speaker 1: still have virtually everyone would sound like the same losers

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Speaker 1: who say it today, the great men and women of

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Speaker 1: the FBI. That would be ninety nine percent of the

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Speaker 1: right ten years ago. Okay, set the FBI aside, because

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Speaker 1: they've always kind of sucked. But the CDC have you

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Speaker 1: ever in your life prior to COVID dogged on the CDC?

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Speaker 1: I was looking at this headline today, COVID pandemic killed

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Speaker 1: more than eighty thousand people in New York, almost one

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Speaker 1: point three million across the US. CDC tally shows and

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Speaker 1: you know what stuck out to me there the CDC.

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Speaker 1: I read the headline and I thought, oh wow, all

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Speaker 1: the CDC says, so that's probably a lie. Would you

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Speaker 1: have ever thought that previously? We are now on the

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Speaker 1: path towards the end it will be virtually impossible to

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Speaker 1: get off of that path. Doesn't mean we do nothing.

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Speaker 1: We have to do some stuff. I'm getting ready to

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Speaker 1: interview somebody very very interesting, and then we're gonna talk

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Speaker 1: about a plan and something offensive. You ready for this?

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Speaker 1: Offensive is kind of our specialty. Hang on, you're listening

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Speaker 1: to the Jesse Kelly Show. You're welcome. It is the

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Speaker 1: Jesse Kelly Show. And if you're like me at all,

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Speaker 1: you look at the stock market and you cringe. I

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Speaker 1: actually have told members of my family to stop telling

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Speaker 1: me when it goes up and down. I've banished myself

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Speaker 1: from looking at it anymore because I know it's gonna

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Speaker 1: get bad, So let's talk to someone who actually knows

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Speaker 1: about it, like a lot. He's the one who calls

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Speaker 1: all these things. His name is Mason Sex. Then, yes,

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Speaker 1: it is Buck's father. He's the founder of New Paradigm Research. Okay, Mason,

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Speaker 1: should I put my money in a man as jar

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Speaker 1: because I'm tired of losing it in the stock market.

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Speaker 2: Well, first, Jesse, I just want to say, you know

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Speaker 2: how honored I am to be on your show. You know,

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Speaker 2: I'm a huge fan. There's only one person in media

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Speaker 2: that I actually prefer to you, and I guess you

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Speaker 2: know who that is. But anyway, no, I think we're

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Speaker 2: we're headed down a very dangerous path in the next

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Speaker 2: twelve to twenty four months. It started obviously, I mean,

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Speaker 2: the recognition that it was we're on this path started

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Speaker 2: really in March with the failure of Silicon Valley Bank,

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Speaker 2: and then of course the other bank's signature Republic and

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Speaker 2: Credit Swiss and those those are just the tip of

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Speaker 2: the iceberg. In my opinion, I think we we're going

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Speaker 2: to see all kinds of additional failures in the bank sector,

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Speaker 2: and ultimately, you know what we're having and when I

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Speaker 2: call my company now new paradigm research, because we're facing

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Speaker 2: new paradigms we've never faced before, starting really with artificial intelligence,

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Speaker 2: and of course the speed with which things happen on

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Speaker 2: the Internet, and so you're now having panics bank failures

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Speaker 2: that are taking hours, if not minutes, and and of

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Speaker 2: course that's what happened in the case of Silicon Valley Bank.

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Speaker 2: You know, everybody got the memo and everybody you know,

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Speaker 2: just pressed the button and had their deposits, you know,

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Speaker 2: moved out of the bank, and of course that's why

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Speaker 2: it failed so quickly. But that's that's I think, you know,

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Speaker 2: endemic now, and it's going to be characteristic of some

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Speaker 2: of the real serious financial problems facing here going forward.

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Speaker 1: Okay, I'm cringing when I asked this question, but I

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Speaker 1: want to know what financial problems are we expecting a

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Speaker 1: lot more of these bank closures, a few more other

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Speaker 1: financial problems I don't see coming. What what can't I

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Speaker 1: see coming? Because I'm stupid?

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Speaker 2: Okay, well you're not stupid, But this is a function

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Speaker 2: of a lot of different problems coming together at the

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Speaker 2: same time. So uh, you know, really, the first problem,

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Speaker 2: of course is regulation uh, you know, the this this

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Speaker 2: should never been allowed to happen. And without getting into

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Speaker 2: too much into the weeds, you know, you have bad management.

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Speaker 2: The management of Silicon Valley Bank, for example, it was

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Speaker 2: completely barre like this. This could have been avoided. But

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Speaker 2: what had happened, and it's partly responsible responsibility of the

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Speaker 2: Fed because you know, they kept interest rates that basically

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Speaker 2: zero for ten years, so everybody was incentive to put

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Speaker 2: their money into long term government bonds at very low interest.

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Speaker 2: Now when that changed, then within a year they raised

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Speaker 2: interest rate's almost five percent. It caused a huge loss

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Speaker 2: on the balance sheet of these banks, particularly the regional banks.

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Speaker 2: And that's that loss, to give you some idea, is

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Speaker 2: estimated to be almost eight trillion dollars. Okay, now that that,

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Speaker 2: if that gets recognized across the spectrum of regional banks,

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Speaker 2: it's all over. You know, the government. We're at such

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Speaker 2: a high level of debt already that there's really no

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Speaker 2: more capacity to deal with these kinds of you know

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Speaker 2: what I would call the second Great Financial Crisis. So

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Speaker 2: in two thousand and eight, when we had the last one,

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Speaker 2: you know, debt to GDP was something like you know,

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Speaker 2: seven or eight it's now one hundred and twenty six percent,

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Speaker 2: so we don't have the options we had before. And

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Speaker 2: for a lot of other reasons, which you know, we

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Speaker 2: could get into. We're we're in what I call Murphy's law, okay,

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Speaker 2: which means anything that can go wrong will go wrong.

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Speaker 2: And if you remember O'Toole's corollary, Murphy was an optimist.

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Speaker 2: So we're in a period here over the next two years,

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Speaker 2: I think, going into the summer of twenty twenty five,

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Speaker 2: when things are just going to go from bad to

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Speaker 2: worse and this is a time to get out of

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Speaker 2: the stock market. I think you should have a what

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Speaker 2: I would call an outsized position in precious metals, particularly gold,

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Speaker 2: and by that I mean, you know, ten or twenty

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Speaker 2: percent of your of your assets. I think it makes

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Speaker 2: sense to have maybe twenty five percent in a good

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Speaker 2: short fund like a right X, you know, a bear fund,

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Speaker 2: and twenty five percent in some sort of cash it's

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Speaker 2: now yielding almost five percent, So those are the kinds

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Speaker 2: of you know, allocations that I would make. I'd be

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Speaker 2: very very cautious here long the stock market. I think

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Speaker 2: there will be some stocks that perform, you know well,

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Speaker 2: but they're going to be you know, the one in ten,

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Speaker 2: not you know, not what we've had. So that's that's

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Speaker 2: what I advise.

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Speaker 1: Speaking with Mason Sext and by the way, Mason, what

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Speaker 1: is Great Disruption twenty twenty three dot com? Great Disruption

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Speaker 1: twenty twenty three dot com? Tell people what this is?

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Speaker 2: Well, if you go to that URL and click on

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Speaker 2: it and just enter your email address, we will send

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Speaker 2: you the latest edition of this research. In fact, you know,

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Speaker 2: it's literally we're launching on May twenty third, so you'll

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Speaker 2: get the launch package completely free. And yeah, I mean

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Speaker 2: you can sample this research and get an understanding of

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Speaker 2: what we're trying to do. We call it New Paradigm because,

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Speaker 2: as I said before, we are entering we believe this

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Speaker 2: period really for the next ten years of completely new

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Speaker 2: paradigms in science, technology, culture, society, government, you know, and

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Speaker 2: it's important that as investors and as citizens understand what

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Speaker 2: the implications of those paradigms, this new paradigm's is. So

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Speaker 2: that's what we're dedicated to do. I've been doing this

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Speaker 2: for fifty years. I started a graduated from Harvard Business

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Speaker 2: School in nineteen seventy two, started working at Morgan Stanley

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Speaker 2: and then Solomon Brothers. And I've been you know, doing

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Speaker 2: this sort of analytic technical work for fifty years. So

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Speaker 2: we as you know, we've made some amazing calls over

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Speaker 2: the years. Last year, for example, we're up thirty eight

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Speaker 2: percent just buying and selling the spider in our recommendation

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Speaker 2: to our hedge fund clients. And yeah, so you know,

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Speaker 2: we're we're we're looking at a at a very difficult environment.

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Speaker 2: But we think that by using you know, timing the

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Speaker 2: way we have that you can make money in a

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Speaker 2: difficult a difficult stock market, largely by being short the

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Speaker 2: right assets.

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Speaker 1: It is great disruption twenty twenty three dot com, as

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Speaker 1: you can tell, knows what he's talking about. Mason, just

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Speaker 1: real quickly finally here, when I see consumer debt passes

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Speaker 1: seventeen trillion dollars for the first time ever, that alarms

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Speaker 1: me a lot when I combine that with the other

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Speaker 1: stuff you just told me, because it tells me forgetting

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Speaker 1: banks and financial institutions, not that I'm disregarding those individual

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Speaker 1: Americans have piled up mind blowing amounts of debt and

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Speaker 1: I'm just trying to wrap my mind around what that

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Speaker 1: means for them.

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Speaker 2: Well, look, it's obvious because of high inflation that was

428
00:27:07,400 --> 00:27:11,959
Speaker 2: engendered obviously by you know, the COVID relief printing of

429
00:27:12,200 --> 00:27:18,640
Speaker 2: five trillion dollars. Basically that you know, people are now

430
00:27:19,320 --> 00:27:22,800
Speaker 2: that money is kind of running off, and now they're

431
00:27:22,840 --> 00:27:26,240
Speaker 2: having to you know, put debt on their credit card

432
00:27:26,480 --> 00:27:31,080
Speaker 2: at high interest rates just to pay their monthly bills.

433
00:27:31,160 --> 00:27:35,240
Speaker 2: So this is extremely concerning. You saw it just in

434
00:27:35,320 --> 00:27:38,720
Speaker 2: the release Home Depot, which has been one of the

435
00:27:38,800 --> 00:27:43,280
Speaker 2: stalwarts of the consumer. You know, bull market reported very

436
00:27:43,280 --> 00:27:47,440
Speaker 2: disappointing results just the other day, and you know you're

437
00:27:47,440 --> 00:27:49,920
Speaker 2: seeing it in many area. I think it's going to

438
00:27:50,000 --> 00:27:52,520
Speaker 2: be crystal clear by the end of the third quarter

439
00:27:52,920 --> 00:27:55,520
Speaker 2: that weren't a bad recession. And I just want to

440
00:27:55,520 --> 00:27:58,359
Speaker 2: say one other things. If you look at the regional

441
00:27:58,440 --> 00:28:00,960
Speaker 2: bank picture, which is I say that is very dire.

442
00:28:01,040 --> 00:28:05,720
Speaker 2: In my opinion, they represent about seventy percent of lending

443
00:28:05,800 --> 00:28:12,560
Speaker 2: to small business in the United States. The small business

444
00:28:12,600 --> 00:28:18,359
Speaker 2: represents something like eighty percent of economic activity. So and

445
00:28:18,440 --> 00:28:20,520
Speaker 2: you put on top of that the fact that we

446
00:28:20,600 --> 00:28:24,680
Speaker 2: have these commercial real estate loans which are now you know,

447
00:28:24,880 --> 00:28:28,119
Speaker 2: just coming up proper. I mean, you had the bank

448
00:28:28,160 --> 00:28:32,320
Speaker 2: in San Francisco that in two the building in twenty

449
00:28:32,400 --> 00:28:37,119
Speaker 2: and eighteen was valued a three hundred million dollars. They

450
00:28:37,119 --> 00:28:40,959
Speaker 2: can't even sell it for sixty million today. So these

451
00:28:41,280 --> 00:28:44,520
Speaker 2: you know, this new paradigm in terms of work habit,

452
00:28:44,920 --> 00:28:47,960
Speaker 2: people wanting to work remotely. They you know, less than

453
00:28:47,960 --> 00:28:52,920
Speaker 2: fifty percent of office space around the country is occupied anymore.

454
00:28:53,360 --> 00:28:59,520
Speaker 2: So you've got these these huge mortgages, commercial mortgages coming

455
00:28:59,760 --> 00:29:03,600
Speaker 2: do to be refinanced, and there's no nobody wants to

456
00:29:03,600 --> 00:29:05,719
Speaker 2: refine them. But there are huge losses in that. And

457
00:29:05,760 --> 00:29:09,600
Speaker 2: that's part of the regional bank portfolio. About twenty five

458
00:29:09,640 --> 00:29:16,080
Speaker 2: percent of regional bank assets are in these commercial loans.

459
00:29:16,640 --> 00:29:20,520
Speaker 2: So this stuff is compounding. That's why I mentioned Murphy's Love.

460
00:29:21,200 --> 00:29:24,840
Speaker 2: We're at a point in street where all this stuff

461
00:29:24,920 --> 00:29:27,680
Speaker 2: is starting to pile up, and we're not we don't

462
00:29:27,720 --> 00:29:32,080
Speaker 2: have the same solutions, we don't have the same you know, give,

463
00:29:32,640 --> 00:29:35,360
Speaker 2: give and take that we had. And so that's why

464
00:29:35,440 --> 00:29:39,520
Speaker 2: I'm so concerned and why I strongly advised people to

465
00:29:39,560 --> 00:29:44,200
Speaker 2: be extremely cautious with your assets. And I think you

466
00:29:44,240 --> 00:29:48,480
Speaker 2: know what I kind of outlined with some precious metals

467
00:29:48,480 --> 00:29:52,400
Speaker 2: with cash with a short fund, you know, that's kind

468
00:29:52,440 --> 00:29:55,160
Speaker 2: of I think the way to go now this changes.

469
00:29:55,480 --> 00:29:59,040
Speaker 2: So we're in a period that I analogize to nineteen

470
00:29:59,120 --> 00:30:02,160
Speaker 2: seventy two to nineteen that was a period of high

471
00:30:02,200 --> 00:30:07,680
Speaker 2: inflation and stagflation. And if you remember and after, the

472
00:30:08,720 --> 00:30:12,920
Speaker 2: Dow was about close to one thousand in the beginning

473
00:30:12,920 --> 00:30:16,280
Speaker 2: of nineteen seventy two when it started, and in August

474
00:30:16,280 --> 00:30:18,640
Speaker 2: of nineteen eighty two it was about one thousand. So

475
00:30:18,720 --> 00:30:23,800
Speaker 2: went ten years with no movement, but the inflation just

476
00:30:23,960 --> 00:30:27,920
Speaker 2: killed everybody's portfolio. So the real wealth was cut in

477
00:30:28,040 --> 00:30:32,000
Speaker 2: half over ten years. And that's what we're facing today,

478
00:30:32,080 --> 00:30:36,120
Speaker 2: I believe. So I strongly advised people to, you know,

479
00:30:36,200 --> 00:30:39,000
Speaker 2: take this to heart. You can't just sit there long

480
00:30:39,080 --> 00:30:43,520
Speaker 2: and hoping your outlawses are going to come back. That's

481
00:30:43,520 --> 00:30:44,160
Speaker 2: not going to happen.

482
00:30:44,160 --> 00:30:48,320
Speaker 1: In my opinion, his opinion, I would put a lot

483
00:30:48,320 --> 00:30:50,920
Speaker 1: of weight into that opinion. He is Mason Sex Then,

484
00:30:50,920 --> 00:30:52,520
Speaker 1: thank you so much, sir. I appreciate you.

485
00:30:53,400 --> 00:30:53,760
Speaker 2: Thank you.

486
00:30:55,560 --> 00:30:58,360
Speaker 1: Look that was heavy, But I think that stuff's important, right,

487
00:30:58,520 --> 00:31:02,440
Speaker 1: that's important. Pressure very smart man. Why are all the

488
00:31:02,480 --> 00:31:06,440
Speaker 1: smart people telling you these things? Also? You know who

489
00:31:06,440 --> 00:31:10,560
Speaker 1: else is smart, Chris? People who practice with a mantis

490
00:31:10,760 --> 00:31:13,360
Speaker 1: X with their weapon. Those people are smart. You know

491
00:31:13,400 --> 00:31:17,360
Speaker 1: why they're smart, Chris, You'll like this one. They save money. See,

492
00:31:17,360 --> 00:31:19,880
Speaker 1: that's one of the maybe the most most appealing part

493
00:31:19,920 --> 00:31:22,360
Speaker 1: of the mantis X for Chris is he doesn't have

494
00:31:22,440 --> 00:31:25,120
Speaker 1: to buy any more Ammo to go shoot it at

495
00:31:25,160 --> 00:31:29,120
Speaker 1: the range because lord knows Amo has gotten expensive. But honestly,

496
00:31:29,800 --> 00:31:32,840
Speaker 1: you get good with your weapon dry fire practicing with

497
00:31:32,920 --> 00:31:35,640
Speaker 1: mantis X, and you get to have fun while you

498
00:31:35,680 --> 00:31:38,720
Speaker 1: do it, and there's no pressure and there's no earplugs,

499
00:31:38,920 --> 00:31:41,560
Speaker 1: and you will find yourself with your family or your

500
00:31:41,560 --> 00:31:45,320
Speaker 1: girlfriend or your boyfriend or whoever, getting to be a

501
00:31:45,320 --> 00:31:49,520
Speaker 1: better shot at enjoying yourself and competing. It's awesome. Go

502
00:31:49,600 --> 00:31:55,000
Speaker 1: get one man. Mantisx dot com. All right, mantisx dot com.

503
00:31:55,080 --> 00:31:59,560
Speaker 1: The green Berets use it for a reason. Mantisx dot Com.

504
00:32:00,280 --> 00:32:03,400
Speaker 1: He doesn't care if you believe him, but he's right.

505
00:32:04,480 --> 00:32:11,000
Speaker 1: Jesse Kelly, it is the Jesse Kelly Show on a Tuesday,

506
00:32:11,040 --> 00:32:14,400
Speaker 1: reminding you you can email the show your love, your hate,

507
00:32:14,480 --> 00:32:18,760
Speaker 1: your death, threats, your ass doctor Jesse questions for Friday.

508
00:32:19,160 --> 00:32:23,880
Speaker 1: All are welcome to Jesse at Jesse kellyshow dot com.

509
00:32:24,120 --> 00:32:28,720
Speaker 1: Jesse at Jesse kellyshow dot com. Now, I need to

510
00:32:28,720 --> 00:32:31,280
Speaker 1: clarify something from last night. I had on Joe Sweeney

511
00:32:31,360 --> 00:32:33,960
Speaker 1: last night. He was talking about the A Servo Project.

512
00:32:34,280 --> 00:32:37,120
Speaker 1: Those are those people out there hunting down these child predators,

513
00:32:37,440 --> 00:32:40,920
Speaker 1: putting on seminars and things like that in schools educating kids.

514
00:32:41,080 --> 00:32:42,720
Speaker 1: Remind me, Chris, I need to get a hold of Joe.

515
00:32:42,720 --> 00:32:45,160
Speaker 1: I want him to come to my kids' school. A

516
00:32:45,320 --> 00:32:50,040
Speaker 1: Servo is spelled a s s e r v O

517
00:32:50,920 --> 00:32:55,200
Speaker 1: A s s e r v o A Servo project,

518
00:32:55,240 --> 00:32:58,840
Speaker 1: the Aservo Project dot org. We need to support that organization.

519
00:32:59,320 --> 00:33:01,720
Speaker 1: We need to make sure. We need to make sure

520
00:33:01,760 --> 00:33:04,440
Speaker 1: we're inviting these people out to educate our children. I'm

521
00:33:04,480 --> 00:33:09,440
Speaker 1: telling you, you me, kids, you listening. Look, don't think

522
00:33:09,480 --> 00:33:12,800
Speaker 1: you know it all. Let's get educated. I need educated.

523
00:33:13,080 --> 00:33:14,400
Speaker 1: I need to know about the ends of the I

524
00:33:14,400 --> 00:33:17,760
Speaker 1: don't know what these child predators do online. That's not

525
00:33:17,840 --> 00:33:20,400
Speaker 1: exactly my wheelhouse. I don't know what they're doing online.

526
00:33:20,440 --> 00:33:23,640
Speaker 1: I needn't know. You need to know. Let's arm ourselves

527
00:33:23,640 --> 00:33:27,360
Speaker 1: with information. That's one too. I really enjoy the Democrat

528
00:33:27,440 --> 00:33:32,000
Speaker 1: on Democrats squabbling because New York City has been experiencing

529
00:33:32,040 --> 00:33:34,720
Speaker 1: the influx of illegal immigrants for the first time since

530
00:33:34,760 --> 00:33:40,320
Speaker 1: it became a sanctuary city. Eric Adams, Eric Adams wants money.

531
00:33:40,840 --> 00:33:43,320
Speaker 1: Let's be clear about what he's doing. When he goes

532
00:33:43,360 --> 00:33:46,120
Speaker 1: to the camera all the time and says, where is

533
00:33:46,160 --> 00:33:47,960
Speaker 1: the President of the United States?

534
00:33:49,160 --> 00:33:51,800
Speaker 3: That is a good question, and I think we all

535
00:33:51,840 --> 00:33:55,240
Speaker 3: should be asking why is this happen into a city

536
00:33:55,600 --> 00:33:58,280
Speaker 3: that was turning this stuff around and will continue to

537
00:33:58,320 --> 00:33:58,720
Speaker 3: do so.

538
00:33:59,160 --> 00:34:00,720
Speaker 1: Of this shit not be.

539
00:34:00,840 --> 00:34:04,240
Speaker 3: Happening to New York City's Chicago, Los Angeles and the

540
00:34:04,280 --> 00:34:07,040
Speaker 3: other big in all the cities, and really should not

541
00:34:07,040 --> 00:34:10,440
Speaker 3: be happening to El Paso or Brownsville, Texas. No cities

542
00:34:10,480 --> 00:34:13,279
Speaker 3: should be carrying his burden. It's a national problem and

543
00:34:13,320 --> 00:34:14,640
Speaker 3: it needs a national solution.

544
00:34:15,520 --> 00:34:18,960
Speaker 1: Yeah, but the problem is he's not serious about any

545
00:34:19,040 --> 00:34:26,280
Speaker 1: actual solutions. What you're seeing now is an open form

546
00:34:26,320 --> 00:34:30,640
Speaker 1: of political blackmail. And here's what I mean. The Biden administration,

547
00:34:31,160 --> 00:34:32,920
Speaker 1: as you well know, and we're gonna go over a

548
00:34:32,920 --> 00:34:35,040
Speaker 1: lot of this next hour, and we'll talk about the

549
00:34:35,080 --> 00:34:39,960
Speaker 1: IRS stuff and Trumpetsantis and whatnot. The IRS stuff is

550
00:34:40,280 --> 00:34:44,799
Speaker 1: unbelievable anyway. The Biden administration hates bad press. Any administration

551
00:34:44,880 --> 00:34:48,000
Speaker 1: hates bad press, but because they're Democrats, they're used to

552
00:34:48,080 --> 00:34:51,040
Speaker 1: never getting it. That's why Biden is always talking down

553
00:34:51,120 --> 00:34:54,279
Speaker 1: to reporters, and he will always act like he's joking. Yeah,

554
00:34:54,280 --> 00:34:56,920
Speaker 1: that's what despite what you said, idiot, ha ha ha,

555
00:34:57,120 --> 00:34:59,600
Speaker 1: I'm joking. That was a joke. Haha. No, it wasn't. Jerk,

556
00:34:59,680 --> 00:35:02,399
Speaker 1: No that you are being serious. Don't do that. They

557
00:35:02,400 --> 00:35:07,880
Speaker 1: hate bad press. Eric Adams is routinely going on television

558
00:35:07,920 --> 00:35:10,720
Speaker 1: and saying, where's my help? Where's the help? I need help,

559
00:35:11,200 --> 00:35:13,480
Speaker 1: I need funds, I need money, I need help, where's

560
00:35:13,520 --> 00:35:18,120
Speaker 1: my help? Eric Adams is playing a game, probably a

561
00:35:18,239 --> 00:35:23,640
Speaker 1: dangerous game, but again political blackmail. He's going to continue

562
00:35:23,680 --> 00:35:28,440
Speaker 1: going on TV complaining that he has to take care

563
00:35:28,480 --> 00:35:32,400
Speaker 1: of all these illegal immigrants until Joe Biden does what

564
00:35:33,600 --> 00:35:36,880
Speaker 1: not secure as the border. Eric Adams is not interested

565
00:35:36,880 --> 00:35:41,120
Speaker 1: in the border being secured. Joe Biden is uniquely invested

566
00:35:41,160 --> 00:35:43,239
Speaker 1: in the border not being secured, so the boter's never

567
00:35:43,239 --> 00:35:45,840
Speaker 1: gonna get secured. Set that stuff aside. Why is he

568
00:35:45,920 --> 00:35:48,520
Speaker 1: constantly doing this? Why is he going to the media

569
00:35:48,600 --> 00:35:55,960
Speaker 1: saying these things? Money? It all comes down to money.

570
00:35:56,120 --> 00:36:00,200
Speaker 1: This is what you call open political blackmail. It's fascinating

571
00:36:00,239 --> 00:36:02,920
Speaker 1: to watch it happen. Fascinated to watch it happen. And

572
00:36:02,960 --> 00:36:05,520
Speaker 1: I bet you something. I bet you something right now.

573
00:36:05,880 --> 00:36:09,879
Speaker 1: I bet you Eric Adams gets his money. I bet

574
00:36:09,880 --> 00:36:12,319
Speaker 1: you within a month or two, we will read a

575
00:36:12,400 --> 00:36:14,719
Speaker 1: story to you. A Chris might want to write this

576
00:36:14,760 --> 00:36:18,400
Speaker 1: one down about some special grant or something from the

577
00:36:18,440 --> 00:36:22,000
Speaker 1: federal government. New York City is receiving one billion dollars

578
00:36:22,040 --> 00:36:25,560
Speaker 1: for caring for the They'll call them migrants, caring for migrants.

579
00:36:25,920 --> 00:36:28,359
Speaker 1: Bet you money, all right, I promised I was going

580
00:36:28,400 --> 00:36:30,600
Speaker 1: to be offensive about something when it comes to dealing

581
00:36:30,640 --> 00:36:34,120
Speaker 1: with the FBI. A practical step that maybe you and

582
00:36:34,160 --> 00:36:37,520
Speaker 1: I should take. Maybe it's something we should discuss. Maybe

583
00:36:37,560 --> 00:36:40,880
Speaker 1: it'll make us uncomfortable. I guarantee it will, actually, but

584
00:36:40,960 --> 00:36:43,080
Speaker 1: it's about to be discussed next