1 00:00:00,160 --> 00:00:03,360 Speaker 1: Welcome to today's edition of the Clay Travis and Buck 2 00:00:03,400 --> 00:00:05,960 Speaker 1: Sexton Show podcast. Welcome everybody. 3 00:00:06,040 --> 00:00:09,440 Speaker 2: Friday edition of Clay and Buck kicks off right now. 4 00:00:09,440 --> 00:00:11,920 Speaker 2: I've got a lot to dive into with all of you. 5 00:00:13,000 --> 00:00:15,960 Speaker 2: Genrech country music superstar will be with us in the 6 00:00:16,040 --> 00:00:20,080 Speaker 2: third hour of the program play. I plan to impress 7 00:00:20,160 --> 00:00:23,280 Speaker 2: him with my expensive knowledge of the country music genre. 8 00:00:23,440 --> 00:00:26,120 Speaker 2: But we'll talk to him about some stuff going on 9 00:00:26,360 --> 00:00:28,720 Speaker 2: in the country and certainly in the world of country music. 10 00:00:29,560 --> 00:00:30,160 Speaker 1: We'll have an. 11 00:00:30,120 --> 00:00:34,240 Speaker 2: Updates view as well on now the multiple pauses, which 12 00:00:34,240 --> 00:00:38,199 Speaker 2: I guess are short cease fires or various ceasefires that 13 00:00:38,240 --> 00:00:42,919 Speaker 2: are being demanded by the Biden administration and the international community, 14 00:00:43,000 --> 00:00:47,600 Speaker 2: such as it is with regard to Israel's war against Hamas. 15 00:00:47,640 --> 00:00:50,480 Speaker 2: So we will have that discussion to be sure here 16 00:00:50,560 --> 00:00:54,960 Speaker 2: on the program. We've also got some updates in the 17 00:00:55,000 --> 00:01:01,000 Speaker 2: Trump legal world. Looks like there may be a delay 18 00:01:01,320 --> 00:01:07,840 Speaker 2: of the classified documents mar A Lago, Florida federal criminal case, 19 00:01:08,640 --> 00:01:14,880 Speaker 2: which could also then result in a change of schedule 20 00:01:14,959 --> 00:01:19,200 Speaker 2: for the January sixth DC Federal criminal case. It's tough 21 00:01:19,240 --> 00:01:22,160 Speaker 2: to keep all this stuff straight on the calendar, but 22 00:01:22,240 --> 00:01:28,920 Speaker 2: we will discuss that Kamala Harris weighs in on Biden 23 00:01:29,080 --> 00:01:32,720 Speaker 2: and Israel stuff. We'll we'll get to that just because 24 00:01:32,800 --> 00:01:34,440 Speaker 2: you're gonna want to hear what she has to say. 25 00:01:35,360 --> 00:01:38,920 Speaker 2: But I wanted to start with this one. Clay, Sam 26 00:01:39,000 --> 00:01:43,480 Speaker 2: Bankman Freed, you know, I live in Miami or you know, 27 00:01:43,600 --> 00:01:49,040 Speaker 2: Miami Beach, but Miami basically, and the ft X Arena 28 00:01:50,120 --> 00:01:54,559 Speaker 2: was what the big indoor sports arena where the Miami 29 00:01:54,560 --> 00:01:56,920 Speaker 2: Heat would play. It is no longer the FTX arena 30 00:01:57,240 --> 00:02:01,800 Speaker 2: because FTX was a crypto exchange based in the Bahamas 31 00:02:02,360 --> 00:02:06,240 Speaker 2: run by Sam Bankman Freed. They're now saying that the 32 00:02:06,240 --> 00:02:11,360 Speaker 2: the total financial damage here done by FTX, or the fraud, 33 00:02:11,480 --> 00:02:13,520 Speaker 2: the scale of the fraud was between eight and ten 34 00:02:13,639 --> 00:02:14,480 Speaker 2: billion dollars. 35 00:02:14,600 --> 00:02:14,840 Speaker 1: Right. 36 00:02:15,560 --> 00:02:21,000 Speaker 2: Well, Sam Bankman Freed has been found guilty on all 37 00:02:21,160 --> 00:02:25,359 Speaker 2: counts against him. Let's see what we have here, seven 38 00:02:25,440 --> 00:02:31,280 Speaker 2: counts of wire fraud, securities fraud, money laundering. They're federal 39 00:02:31,280 --> 00:02:36,480 Speaker 2: prosecutors proving their case that he swindled customers of FTX 40 00:02:36,639 --> 00:02:41,520 Speaker 2: and the and lenders to its affiliated hedge fund, Alameda Research. 41 00:02:42,680 --> 00:02:45,960 Speaker 2: I just think, Clay, there's a there's a few things here. 42 00:02:47,160 --> 00:02:52,360 Speaker 2: One is on a very general sense, when people are 43 00:02:52,760 --> 00:02:55,560 Speaker 2: basically telling you that they can do financial alchemy, right, 44 00:02:55,560 --> 00:02:58,720 Speaker 2: that they can just create money out of out of air, 45 00:02:59,400 --> 00:03:01,120 Speaker 2: which is what ended up happening with some of these 46 00:03:01,160 --> 00:03:06,280 Speaker 2: crypto currencies, tokens, whatever, everyone should be very skeptical when 47 00:03:06,320 --> 00:03:09,720 Speaker 2: someone is setting up their bank effectively, which it was 48 00:03:09,760 --> 00:03:13,560 Speaker 2: like a crypto bank in essence overseas. You know, I 49 00:03:13,600 --> 00:03:17,520 Speaker 2: think that should raise some flags. But this guy, I mean, 50 00:03:17,520 --> 00:03:20,840 Speaker 2: he was the second largest donor individual donor in the 51 00:03:20,880 --> 00:03:24,440 Speaker 2: twenty twenty two election cycle, a lot of money to Democrats. 52 00:03:24,440 --> 00:03:26,799 Speaker 2: There was some money from FDx people to Republicans as well, 53 00:03:26,800 --> 00:03:29,519 Speaker 2: whichever always points out, but it was mostly to Democrats 54 00:03:30,360 --> 00:03:33,440 Speaker 2: and Clay He was hailed as a genius. I mean, 55 00:03:33,480 --> 00:03:36,040 Speaker 2: people were talking about this guy like he was the 56 00:03:36,080 --> 00:03:39,440 Speaker 2: Steve Jobs, like he was the Elon Musk, the Leonardo 57 00:03:39,480 --> 00:03:41,520 Speaker 2: da Vinci of crypto currency. 58 00:03:41,880 --> 00:03:43,880 Speaker 1: And there was a scam. 59 00:03:43,960 --> 00:03:47,760 Speaker 3: Fourteen months after he was on I believe it was 60 00:03:47,760 --> 00:03:50,440 Speaker 3: the cover of Forbes asking if he was the next 61 00:03:50,480 --> 00:03:54,520 Speaker 3: Warren in Buffett. He is now probably going to spend 62 00:03:54,680 --> 00:03:57,640 Speaker 3: much of the rest of his life in prison. And 63 00:03:58,560 --> 00:04:01,080 Speaker 3: it took I think only like four hours of jury 64 00:04:01,120 --> 00:04:07,040 Speaker 3: deliberation for him to be found guilty. My big takeaway 65 00:04:07,080 --> 00:04:12,880 Speaker 3: on this was one I think there is a massive 66 00:04:13,080 --> 00:04:18,880 Speaker 3: rush in media to herald people as geniuses when they 67 00:04:18,880 --> 00:04:22,120 Speaker 3: are involved in things that most people don't understand. And 68 00:04:22,200 --> 00:04:26,320 Speaker 3: I think for most people out there, crypto is something 69 00:04:26,360 --> 00:04:30,120 Speaker 3: that most people still don't really understand. And I think 70 00:04:30,240 --> 00:04:34,640 Speaker 3: you can take advantage of that lack of knowledge when 71 00:04:34,640 --> 00:04:37,040 Speaker 3: it comes to the way that the media covers you, 72 00:04:37,560 --> 00:04:40,320 Speaker 3: because most media who write about you are not going 73 00:04:40,360 --> 00:04:44,480 Speaker 3: to understand crypto either. So whether it's that or I mean, 74 00:04:44,480 --> 00:04:47,400 Speaker 3: I would tie this in buck with the Elizabeth Holmes story, 75 00:04:47,920 --> 00:04:53,560 Speaker 3: which was also entirely fraud in that she never had 76 00:04:53,600 --> 00:04:56,119 Speaker 3: the ability to diagnose. For people out there who haven't 77 00:04:56,120 --> 00:04:57,760 Speaker 3: read what was the name of that great book, and 78 00:04:57,800 --> 00:05:01,840 Speaker 3: I know they turned to get Hue Bad Blood is 79 00:05:01,880 --> 00:05:05,640 Speaker 3: an incredible read. I would also say there is a 80 00:05:05,720 --> 00:05:10,760 Speaker 3: great desire for these people to be successes. But what 81 00:05:10,880 --> 00:05:14,120 Speaker 3: I come back to, and this may be an analogy 82 00:05:13,600 --> 00:05:20,200 Speaker 3: that isn't made that much, what we decide is fraud 83 00:05:20,440 --> 00:05:27,000 Speaker 3: versus just a bad business decisions, to me is really fascinating. So, 84 00:05:27,640 --> 00:05:31,600 Speaker 3: for instance, it seems quite clear that the Maderna and 85 00:05:31,640 --> 00:05:37,480 Speaker 3: the Pfizer shots don't work at all. There was a fraud, 86 00:05:37,760 --> 00:05:42,320 Speaker 3: in my opinion, perpetrated upon the American public. We were 87 00:05:42,400 --> 00:05:46,040 Speaker 3: all told, hey, go get this shot and you'll never 88 00:05:46,080 --> 00:05:47,600 Speaker 3: have to worry about COVID again. 89 00:05:47,680 --> 00:05:49,799 Speaker 1: That was what they all told us the first time. 90 00:05:50,360 --> 00:05:54,520 Speaker 3: These companies got tens of billions of American taxpayer dollars 91 00:05:54,600 --> 00:05:58,599 Speaker 3: buck and then it comes out that their shots basically 92 00:05:58,680 --> 00:06:01,880 Speaker 3: don't work at all. And even worse than that that 93 00:06:02,200 --> 00:06:05,240 Speaker 3: if you're young and you know a kid two to 94 00:06:05,360 --> 00:06:09,280 Speaker 3: five or you're twelve to seventeen, you can have way 95 00:06:09,320 --> 00:06:13,640 Speaker 3: more adverse health effects from these shots than you would 96 00:06:13,640 --> 00:06:16,240 Speaker 3: have had if you'd ever gotten COVID. In so far, 97 00:06:16,480 --> 00:06:19,400 Speaker 3: they provided no benefit at all, and even for people 98 00:06:19,480 --> 00:06:22,039 Speaker 3: over the age of sixty five there was an increased 99 00:06:22,160 --> 00:06:26,040 Speaker 3: stroke risk. Yet nothing is going to happen to anybody 100 00:06:26,040 --> 00:06:31,279 Speaker 3: at Pfizer and Maderna. So what where do we decide? 101 00:06:31,320 --> 00:06:33,520 Speaker 3: And I think this is just a large question for 102 00:06:33,560 --> 00:06:37,360 Speaker 3: people out there to think about. Where do we decide 103 00:06:37,400 --> 00:06:42,479 Speaker 3: when a failed business venture that makes tens of billions 104 00:06:42,480 --> 00:06:46,679 Speaker 3: of dollars is fraud and when it is just poor 105 00:06:46,720 --> 00:06:50,440 Speaker 3: business decision making and the business goes bankrupt and collapses 106 00:06:50,440 --> 00:06:55,080 Speaker 3: because to me, Sam Bateman, Freed's argument was, essentially the 107 00:06:55,200 --> 00:06:59,520 Speaker 3: business just failed, not that I committed fraud. But if 108 00:06:59,520 --> 00:07:05,160 Speaker 3: you asked me, hey, who's been committing more fraud FTX 109 00:07:05,640 --> 00:07:09,600 Speaker 3: or Maderna and Piser, my answer would be Maderna adviser. 110 00:07:09,720 --> 00:07:11,960 Speaker 3: They made way more money off a product that didn't 111 00:07:12,000 --> 00:07:15,360 Speaker 3: work at all. So I think it's always interesting. I like, 112 00:07:15,600 --> 00:07:16,880 Speaker 3: I mean, I like where you're going. 113 00:07:17,080 --> 00:07:20,440 Speaker 2: I But but Maderna and Pfizer would say that the 114 00:07:20,480 --> 00:07:24,960 Speaker 2: federal government basically forced them, right, I mean, it's it 115 00:07:24,960 --> 00:07:27,920 Speaker 2: would It's a different situation in so far as yeah, 116 00:07:27,960 --> 00:07:31,440 Speaker 2: they were given immunity, but there was also a federal 117 00:07:31,440 --> 00:07:34,679 Speaker 2: government program to make them make this vaccine as fast 118 00:07:34,720 --> 00:07:37,280 Speaker 2: as possible and then approve it as fast as possible 119 00:07:37,320 --> 00:07:40,000 Speaker 2: and then change all the regulations. So what I'm trying 120 00:07:40,040 --> 00:07:42,920 Speaker 2: to say is the federal government was a was a 121 00:07:42,960 --> 00:07:44,200 Speaker 2: co conspirator in that. 122 00:07:44,520 --> 00:07:46,800 Speaker 3: Which is why, which is true, which is why there's 123 00:07:46,880 --> 00:07:49,920 Speaker 3: no consequences if you get the federal government to conspire 124 00:07:50,040 --> 00:07:53,200 Speaker 3: with you to perpetrate a much bigger fraud, It's like 125 00:07:53,240 --> 00:07:55,240 Speaker 3: people just pretended it never happened in the first place, 126 00:07:55,600 --> 00:07:57,720 Speaker 3: and they're gonna say, look, we just we made the 127 00:07:57,760 --> 00:07:58,920 Speaker 3: thing as best as we could. 128 00:07:58,920 --> 00:08:01,560 Speaker 2: The federal government of immunity and they said, you know, 129 00:08:01,640 --> 00:08:04,120 Speaker 2: we want the shot a SAP and that's you know, 130 00:08:04,200 --> 00:08:05,320 Speaker 2: so they're very much. 131 00:08:05,440 --> 00:08:07,040 Speaker 1: By the way Buck. Yeah. 132 00:08:07,120 --> 00:08:10,400 Speaker 3: Why also, if you're doing all that, you shouldn't get 133 00:08:10,440 --> 00:08:11,120 Speaker 3: all the profits? 134 00:08:11,680 --> 00:08:11,920 Speaker 4: Yeah? 135 00:08:11,960 --> 00:08:14,440 Speaker 3: Right, you talk about an incredible gig that they got. 136 00:08:14,560 --> 00:08:17,160 Speaker 3: I mean, if you told me, hey, the federal government 137 00:08:17,200 --> 00:08:20,560 Speaker 3: is going to take all the risk away from you, 138 00:08:20,560 --> 00:08:24,120 Speaker 3: you risk nothing, but you get all the upside. 139 00:08:24,440 --> 00:08:25,840 Speaker 1: That's a hell of a good deal. Right. 140 00:08:26,360 --> 00:08:29,520 Speaker 2: Yeah. But but on the sambank and free side of things, 141 00:08:29,600 --> 00:08:32,760 Speaker 2: I think the part of this where he first of all, 142 00:08:32,760 --> 00:08:35,040 Speaker 2: they put I think he said I do not recall 143 00:08:35,080 --> 00:08:37,240 Speaker 2: They claimed like one hundred and forty times when he 144 00:08:37,280 --> 00:08:39,439 Speaker 2: when he took the stand, And. 145 00:08:39,440 --> 00:08:40,760 Speaker 1: That's a lot of I don't recall. 146 00:08:40,800 --> 00:08:43,559 Speaker 2: And it's not like this was twenty years ago or something, right, 147 00:08:43,600 --> 00:08:45,480 Speaker 2: I mean, you know, it's a lot of I don't recall. 148 00:08:46,640 --> 00:08:52,360 Speaker 3: Also, by not recalling, Buck always benefiting himself, right, you know, 149 00:08:52,480 --> 00:08:55,880 Speaker 3: all of the I don't recalls were to avoid him 150 00:08:55,960 --> 00:08:59,520 Speaker 3: acknowledging that he had engaged in illegal activity. So if 151 00:08:59,559 --> 00:09:02,880 Speaker 3: you all don't recall. Like if he didn't recall super 152 00:09:02,920 --> 00:09:04,920 Speaker 3: positive things too, you'd be like, well, this guy's got 153 00:09:04,920 --> 00:09:07,839 Speaker 3: a really bad memory. All of the I don't recalls 154 00:09:07,960 --> 00:09:12,160 Speaker 3: happened to benefit him when it came to his criminal culpability. 155 00:09:12,640 --> 00:09:16,120 Speaker 2: So so there's there's that, and then also I mean 156 00:09:16,160 --> 00:09:19,320 Speaker 2: to take people. They were taking money, as I understand it, 157 00:09:19,360 --> 00:09:23,559 Speaker 2: from people to buy cryptos and hold them on their exchange. 158 00:09:23,640 --> 00:09:25,959 Speaker 2: So people think of it almost like you know, you're 159 00:09:25,960 --> 00:09:28,640 Speaker 2: buying stocks on exchange, right, like if you're if you're 160 00:09:28,640 --> 00:09:31,600 Speaker 2: buying uh, you know, if you're buying IBM and it's 161 00:09:31,600 --> 00:09:34,120 Speaker 2: on NASDAK or whatever, like you think, okay, well they're 162 00:09:34,240 --> 00:09:36,200 Speaker 2: they're holding the stock or that's the exchange of buying 163 00:09:36,200 --> 00:09:38,560 Speaker 2: the stock on But then he took the money that 164 00:09:38,600 --> 00:09:41,960 Speaker 2: he was getting for those and and putting it into 165 00:09:42,040 --> 00:09:44,600 Speaker 2: these other bets. So it would be like if you 166 00:09:44,640 --> 00:09:47,440 Speaker 2: were dropping money off at your bank make it even easier, 167 00:09:48,040 --> 00:09:50,760 Speaker 2: and your bankers were saying, oh, no, we hold this 168 00:09:50,800 --> 00:09:53,199 Speaker 2: for you, don't worry, we've got this, but actually they 169 00:09:53,200 --> 00:09:55,440 Speaker 2: were going to Vegas and like letting it ride on 170 00:09:55,480 --> 00:09:57,600 Speaker 2: the casino. Now banks do lend out money, and there 171 00:09:57,640 --> 00:10:01,280 Speaker 2: is that there's yums that they're right, but there's a 172 00:10:01,320 --> 00:10:03,920 Speaker 2: federal backing of you know, the fdi C for what 173 00:10:04,600 --> 00:10:04,880 Speaker 2: you have. 174 00:10:05,080 --> 00:10:07,280 Speaker 3: And also there's a limit about how much you can 175 00:10:07,360 --> 00:10:10,400 Speaker 3: actually of your assets be able to put out, how 176 00:10:10,480 --> 00:10:13,360 Speaker 3: much you have to keep and everything else. But yeah, 177 00:10:13,400 --> 00:10:16,600 Speaker 3: I mean that's the ultimate tension here. He was using 178 00:10:17,240 --> 00:10:19,760 Speaker 3: the nest eggs that people were putting in that they 179 00:10:19,760 --> 00:10:24,439 Speaker 3: thought were safe to make investments, and there were not 180 00:10:24,640 --> 00:10:29,559 Speaker 3: enough safeguards between the two such that when those investments collapsed, 181 00:10:29,960 --> 00:10:33,800 Speaker 3: the entire entity, like a house of cards, came crumbling down. 182 00:10:33,880 --> 00:10:38,360 Speaker 3: His defense was these were just bad business decisions, not fraud. Again, 183 00:10:38,440 --> 00:10:41,920 Speaker 3: which is an interesting angle to try to contemplate, right, 184 00:10:42,040 --> 00:10:45,320 Speaker 3: what is the difference between a fraud that is perpetrated 185 00:10:45,480 --> 00:10:49,160 Speaker 3: and a bad business decision? And obviously the jury didn't 186 00:10:49,160 --> 00:10:52,199 Speaker 3: buy the bad business decision aspects. He also tried buck 187 00:10:52,880 --> 00:10:56,479 Speaker 3: and I'll point this out. There were lots of lawyers 188 00:10:57,040 --> 00:11:00,520 Speaker 3: who made tens of millions of dollars in legal fees 189 00:11:00,920 --> 00:11:04,320 Speaker 3: that signed off on much of what he was doing, 190 00:11:04,480 --> 00:11:08,280 Speaker 3: and so he was also trying to say, hey, there 191 00:11:08,280 --> 00:11:09,880 Speaker 3: are a lot of lawyers who made a lot of 192 00:11:09,880 --> 00:11:13,000 Speaker 3: money telling me that I could do everything that I 193 00:11:13,120 --> 00:11:15,960 Speaker 3: wanted to do. In other words, that he wasn't behaving 194 00:11:16,520 --> 00:11:20,800 Speaker 3: in a way without legal counsel having reviewed everything. But 195 00:11:20,920 --> 00:11:23,680 Speaker 3: it seems like what clearly happened was this guy I 196 00:11:23,679 --> 00:11:27,200 Speaker 3: do think is very smart, but he just got caught 197 00:11:27,320 --> 00:11:33,160 Speaker 3: up in in a collapsing market and somebody took advantage 198 00:11:33,160 --> 00:11:33,959 Speaker 3: of his exposure. 199 00:11:34,120 --> 00:11:37,640 Speaker 2: Well, you know, he also he also recognized the power 200 00:11:37,880 --> 00:11:43,360 Speaker 2: of leveraging the system, right, leveraging the system so that 201 00:11:43,440 --> 00:11:47,560 Speaker 2: you can create this you know, extra room, extra space 202 00:11:47,600 --> 00:11:48,079 Speaker 2: for you to do. 203 00:11:48,040 --> 00:11:49,079 Speaker 1: Whatever it is you want to do. 204 00:11:50,240 --> 00:11:54,040 Speaker 2: You know, he was I believe, didn't he testify or 205 00:11:54,080 --> 00:11:56,040 Speaker 2: he was part of like the committee looking into how 206 00:11:56,040 --> 00:11:58,600 Speaker 2: to regulate crypto? Mean think about that. This would be 207 00:11:58,640 --> 00:12:01,440 Speaker 2: like having Burnie made off the SEC or something, folks. 208 00:12:01,480 --> 00:12:04,440 Speaker 2: I mean, this is totally nuts. He also realized the 209 00:12:04,440 --> 00:12:07,880 Speaker 2: power of celebrity. I mean he paid Tom Brady, who Look, 210 00:12:07,880 --> 00:12:09,680 Speaker 2: I don't think Tom Brady knew that any of this 211 00:12:09,840 --> 00:12:12,520 Speaker 2: was illucin or ating, but he paid Tom Brady fifty 212 00:12:12,640 --> 00:12:16,319 Speaker 2: fifty million bucks for twenty hours of work, because I mean, 213 00:12:16,760 --> 00:12:18,080 Speaker 2: who doesn't trust Tom Brady. 214 00:12:18,080 --> 00:12:19,400 Speaker 1: The guy's a winner, you know what I mean? 215 00:12:19,600 --> 00:12:22,920 Speaker 3: Larry David and Giselle Bunch and lots of people made 216 00:12:23,040 --> 00:12:25,320 Speaker 3: Steph Curry, I think lots of people who are famous 217 00:12:25,320 --> 00:12:28,240 Speaker 3: made lots of money, and I think it goes to 218 00:12:28,280 --> 00:12:29,920 Speaker 3: the heart of this. And we talked about this with 219 00:12:30,000 --> 00:12:32,040 Speaker 3: the non fungible tokens the NFTs. 220 00:12:32,240 --> 00:12:36,360 Speaker 1: Yeah, study history of mania. 221 00:12:36,559 --> 00:12:41,760 Speaker 3: Many times mania arises because people are afraid that they 222 00:12:41,840 --> 00:12:45,520 Speaker 3: aren't smart enough to understand something new, and they're manning 223 00:12:45,520 --> 00:12:48,520 Speaker 3: out and they're missing out and they get taken advantage of. 224 00:12:48,720 --> 00:12:51,120 Speaker 3: And I think that's much of the story of crypto 225 00:12:51,679 --> 00:12:53,800 Speaker 3: because a lot of people out there are listening. Does 226 00:12:53,920 --> 00:12:57,240 Speaker 3: right now really have no basis in knowledge in crypto? 227 00:12:57,320 --> 00:12:59,959 Speaker 3: And frankly, I think most of you will don't really 228 00:13:00,160 --> 00:13:02,280 Speaker 3: need to for the rest of your life, right, But 229 00:13:02,440 --> 00:13:04,600 Speaker 3: when the value of it is such and there's so 230 00:13:04,679 --> 00:13:07,720 Speaker 3: much wealth. Now the new thing is AI, right, everybody's 231 00:13:07,760 --> 00:13:10,400 Speaker 3: obsessed with AI and all the change of AI. Remember 232 00:13:10,400 --> 00:13:12,559 Speaker 3: it was like a couple of years ago everybody was 233 00:13:12,559 --> 00:13:14,960 Speaker 3: writing about meta, Right, the metaverse is going to be 234 00:13:14,960 --> 00:13:18,000 Speaker 3: this new thing, and so there's always a new new 235 00:13:18,520 --> 00:13:20,800 Speaker 3: sometimes it's like the Internet. It is something that's going 236 00:13:20,880 --> 00:13:24,560 Speaker 3: to public transform all of life forever. But lots of 237 00:13:24,640 --> 00:13:28,400 Speaker 3: times it's like NFTs and they aren't actually rooted in 238 00:13:28,440 --> 00:13:29,560 Speaker 3: any solid foundation. 239 00:13:30,520 --> 00:13:32,160 Speaker 2: All right, let's talk about something else for a second 240 00:13:32,200 --> 00:13:35,079 Speaker 2: here from our sponsor, Phoenix Capital, you worked hard to 241 00:13:35,080 --> 00:13:37,880 Speaker 2: build your retirement savings. You deserve an investment that delivers 242 00:13:37,960 --> 00:13:42,920 Speaker 2: consistent returns without compromising your financial security. Phoenix Capitol Group 243 00:13:42,960 --> 00:13:45,440 Speaker 2: wants to help fuel your growth. 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You can diversify your investments and 253 00:14:16,040 --> 00:14:20,120 Speaker 2: are nine to thirteen percent annual interest. Before making investment decisions, 254 00:14:20,120 --> 00:14:23,560 Speaker 2: you should carefully consider and review all risks involved. Visit 255 00:14:23,680 --> 00:14:28,560 Speaker 2: pachs on air dot com today. They're here to shed 256 00:14:28,640 --> 00:14:32,800 Speaker 2: lights on the truth every day. Clay Travis and buck Sexton. 257 00:14:32,960 --> 00:14:35,960 Speaker 2: Welcome back in Clay, Travis buck Sexton show. Appreciate all 258 00:14:36,000 --> 00:14:40,280 Speaker 2: of you hanging out with us. It seems quite clear 259 00:14:41,040 --> 00:14:45,000 Speaker 2: that Florida Governor Ron DeSantis has decided to step up 260 00:14:45,200 --> 00:14:51,520 Speaker 2: his attacks on Trump, and last night he said it's 261 00:14:51,560 --> 00:14:53,360 Speaker 2: no time for foot fetishes. 262 00:14:53,880 --> 00:14:56,440 Speaker 1: Listen to cut eleven. 263 00:14:56,640 --> 00:14:59,520 Speaker 4: This is no time for foot fetishes. We've got serious 264 00:14:59,560 --> 00:15:02,600 Speaker 4: problems as a country. I know Donald Trump and a 265 00:15:02,600 --> 00:15:05,680 Speaker 4: lot of his people have been focusing on things like footwear. 266 00:15:05,720 --> 00:15:08,400 Speaker 4: I'll tell you this. You know Donald Trump can summon 267 00:15:08,440 --> 00:15:10,480 Speaker 4: the balls to show up to the debate. I'll wear 268 00:15:10,520 --> 00:15:13,840 Speaker 4: a boot on my head. This is a time for substance. 269 00:15:14,080 --> 00:15:16,440 Speaker 4: This is a time for us to debate the issues 270 00:15:16,680 --> 00:15:19,720 Speaker 4: that matter to the American people. And the question is 271 00:15:20,120 --> 00:15:22,360 Speaker 4: are you able to fight for them, which we have 272 00:15:22,440 --> 00:15:25,240 Speaker 4: done in Florida. Are you able to win those fights 273 00:15:25,440 --> 00:15:27,120 Speaker 4: which we have been able to do in Florida, And 274 00:15:27,160 --> 00:15:30,200 Speaker 4: are you able to lead to a better tomorrow. We've 275 00:15:30,240 --> 00:15:32,960 Speaker 4: done that in Florida, and we'll do that for the 276 00:15:33,080 --> 00:15:34,680 Speaker 4: United States of America. 277 00:15:34,720 --> 00:15:37,320 Speaker 2: Okay, So there's a context here, Clay, which is that 278 00:15:37,400 --> 00:15:43,480 Speaker 2: there have been a series of troll attacks or maneuvers 279 00:15:43,560 --> 00:15:49,840 Speaker 2: on DeSantis, specifically mocking him for having lifts they allege 280 00:15:49,960 --> 00:15:53,320 Speaker 2: in his cowboy boots. Now he wears cowboy boots frequently 281 00:15:53,680 --> 00:15:57,040 Speaker 2: with a suit, and they have claimed, I mean, this 282 00:15:57,120 --> 00:16:00,360 Speaker 2: is very silly, but this is the way polic are 283 00:16:00,400 --> 00:16:03,000 Speaker 2: these days that he has that he's basically, you know, 284 00:16:03,040 --> 00:16:05,280 Speaker 2: he's wearing like lifts. I mean, he's he's trying to 285 00:16:05,280 --> 00:16:09,640 Speaker 2: make him something himself taller than he is. I don't 286 00:16:09,680 --> 00:16:12,200 Speaker 2: know why this got the attention that it has online, 287 00:16:12,600 --> 00:16:14,200 Speaker 2: but it has gotten a lot of attention in the 288 00:16:14,320 --> 00:16:18,840 Speaker 2: last week. And so Ron is hitting back here at 289 00:16:18,880 --> 00:16:22,600 Speaker 2: Trump World, but he's I mean, there's a clear escalation 290 00:16:23,280 --> 00:16:26,080 Speaker 2: because I think he sees the numbers and I I look, 291 00:16:26,120 --> 00:16:28,360 Speaker 2: I think the only person, the only people who really 292 00:16:28,440 --> 00:16:30,400 Speaker 2: think they can be president or they can win this 293 00:16:30,440 --> 00:16:32,360 Speaker 2: other than Trump, as we've discussed, or Ron DeSantis and 294 00:16:32,400 --> 00:16:34,600 Speaker 2: Nikki Haley. I mean, no one else, no one else 295 00:16:34,680 --> 00:16:36,200 Speaker 2: is going to be able to pull it or can 296 00:16:36,280 --> 00:16:38,280 Speaker 2: even imagine that they would be able to pull it off. 297 00:16:38,280 --> 00:16:41,960 Speaker 2: At this point, He's he wants him to, he wants 298 00:16:42,000 --> 00:16:43,760 Speaker 2: to go to him into at least one debate. I 299 00:16:43,760 --> 00:16:46,240 Speaker 2: don't I don't think that will happen. I don't think 300 00:16:46,280 --> 00:16:48,680 Speaker 2: Trump will change, but I do think Trump is going 301 00:16:48,760 --> 00:16:52,080 Speaker 2: to verbally open fire online. 302 00:16:51,640 --> 00:16:53,200 Speaker 3: About some of this stuff. I mean, not that he 303 00:16:53,240 --> 00:16:55,120 Speaker 3: hasn't been doing that for a long Yeah, it's interesting. 304 00:16:55,160 --> 00:16:57,800 Speaker 3: I mean we, you and I have met all of 305 00:16:57,840 --> 00:17:00,440 Speaker 3: these candidates. I think I've met him all now, face 306 00:17:00,480 --> 00:17:02,280 Speaker 3: to face. I could be wrong on that, but I 307 00:17:02,320 --> 00:17:04,359 Speaker 3: think I've met pretty much everybody face to face. We 308 00:17:04,480 --> 00:17:08,840 Speaker 3: certainly had everybody on the show. I've never seen DeSantis 309 00:17:09,080 --> 00:17:13,359 Speaker 3: and thought, oh, he's short. So you know, sometimes guys 310 00:17:13,359 --> 00:17:15,560 Speaker 3: who are like five seven or five eight will try 311 00:17:15,600 --> 00:17:17,400 Speaker 3: to do something to appear taller. 312 00:17:18,119 --> 00:17:18,840 Speaker 1: I'm six foot. 313 00:17:18,880 --> 00:17:22,919 Speaker 3: I've always thought DeSantis is roughly my height, and so 314 00:17:23,320 --> 00:17:27,600 Speaker 3: I think that's interesting. But I do think that there 315 00:17:27,920 --> 00:17:33,560 Speaker 3: is a definite now attack element to Ron DeSantis, and 316 00:17:33,600 --> 00:17:36,520 Speaker 3: he's going basically after Trump. And I don't know how 317 00:17:36,560 --> 00:17:40,480 Speaker 3: the calculations occurred on this, but I don't think it's coincidental. Look, 318 00:17:40,480 --> 00:17:43,240 Speaker 3: they're going all in on Iowa, and they have bought 319 00:17:43,280 --> 00:17:46,000 Speaker 3: all their ads, and they believe that they are going 320 00:17:46,080 --> 00:17:48,359 Speaker 3: to give Trump a real run in Iowa. And the 321 00:17:48,359 --> 00:17:49,919 Speaker 3: only way you can give Trump a r run in 322 00:17:49,960 --> 00:17:53,240 Speaker 3: Iowa is by actually going after Trump, So they seem 323 00:17:53,320 --> 00:17:56,199 Speaker 3: to have basically taken the gloves off in terms of 324 00:17:56,240 --> 00:17:59,640 Speaker 3: really going after in the head to head. We'll talk 325 00:17:59,640 --> 00:18:01,040 Speaker 3: about that and a little bit more when we come back. 326 00:18:01,080 --> 00:18:03,879 Speaker 3: In the meantime, Mike Lindell always looking for ways to 327 00:18:03,920 --> 00:18:08,320 Speaker 3: solve everyday problems, for instance, towels. How many awful towels 328 00:18:08,400 --> 00:18:11,760 Speaker 3: are there out there? That's why he's created the My Towels. 329 00:18:11,800 --> 00:18:14,879 Speaker 3: They're great, they stay soft, absorbent, don't fall apart. And 330 00:18:14,920 --> 00:18:18,359 Speaker 3: now they've got two brand new lines for you to try. 331 00:18:18,400 --> 00:18:20,560 Speaker 3: You can get a six piece set for an amazing 332 00:18:20,640 --> 00:18:24,440 Speaker 3: introductory price as low as twenty nine to ninety eight 333 00:18:24,560 --> 00:18:26,760 Speaker 3: with the promo code Clay and Buck. 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You can also call eight hundred and seven 340 00:18:48,800 --> 00:18:50,920 Speaker 3: nine to two thirty two sixty nine. 341 00:18:50,960 --> 00:18:53,600 Speaker 1: These are a game changer in the bathroom. 342 00:18:54,080 --> 00:18:57,280 Speaker 3: MyPillow dot Com use the code Clay and buck. 343 00:18:57,520 --> 00:19:00,479 Speaker 5: We're expecting non farm payrolls to be around a one 344 00:19:00,600 --> 00:19:04,200 Speaker 5: hundred and eighty thousand, one hundred and fifty thousand, one 345 00:19:04,240 --> 00:19:07,840 Speaker 5: hundred and fifty thousand that was versus three hundred and 346 00:19:07,880 --> 00:19:12,800 Speaker 5: thirty six thousand. There are revisions coming. The cumulative revision 347 00:19:13,000 --> 00:19:17,399 Speaker 5: over two months minus one hundred and one thousand the 348 00:19:17,520 --> 00:19:20,840 Speaker 5: unemployment rate. And do keep in mind our last look 349 00:19:21,080 --> 00:19:24,600 Speaker 5: on the unemployment rate was pretty important because we had. 350 00:19:24,600 --> 00:19:25,480 Speaker 1: Three point eight. 351 00:19:25,520 --> 00:19:29,560 Speaker 5: It moves up again to three point nine. Three point nine. 352 00:19:29,760 --> 00:19:33,000 Speaker 5: Three point nine would be the highest level going all 353 00:19:33,040 --> 00:19:37,000 Speaker 5: the way back actually to January, to January when we 354 00:19:37,000 --> 00:19:38,040 Speaker 5: were at four percent. 355 00:19:38,840 --> 00:19:41,560 Speaker 2: Play there you had CNBC's Rick Santelli, the man who 356 00:19:41,600 --> 00:19:43,440 Speaker 2: launched the tea party back in the day from the 357 00:19:43,480 --> 00:19:48,399 Speaker 2: Chicago Mercantyle Exchange floor. Hey, when you launched the tea party, 358 00:19:48,600 --> 00:19:52,280 Speaker 2: just fun, fun factor, I shouldn't say fun fact, interesting fact. 359 00:19:52,680 --> 00:19:55,040 Speaker 1: What was the what was the debt then? It was 360 00:19:55,160 --> 00:19:59,480 Speaker 1: you know, it's thirty two three thirty three trillion. 361 00:19:59,520 --> 00:20:02,119 Speaker 3: Now I think it was less than half No, no, no, 362 00:20:02,320 --> 00:20:04,040 Speaker 3: it was hit about to hit ten. 363 00:20:04,720 --> 00:20:06,440 Speaker 1: That's what I said. Less than half yeah. 364 00:20:06,520 --> 00:20:08,960 Speaker 3: Yeah, but I mean like it's going up twenty three 365 00:20:09,320 --> 00:20:12,760 Speaker 3: trillion dollars since the Tea Party. I think the jumping 366 00:20:12,840 --> 00:20:16,880 Speaker 3: off point was, hey, we're hitting ten trillion in debt. 367 00:20:17,359 --> 00:20:21,920 Speaker 3: That's unacceptable. And now we've added twenty three more trillion 368 00:20:22,760 --> 00:20:24,240 Speaker 3: to the national debt. 369 00:20:24,280 --> 00:20:30,680 Speaker 2: And we have effectively the uniparty and a generally it 370 00:20:30,840 --> 00:20:34,160 Speaker 2: consents us on Capitol Hill that they should start sending 371 00:20:34,240 --> 00:20:38,119 Speaker 2: billions and billions of dollars more to both Ukraine and 372 00:20:38,200 --> 00:20:40,960 Speaker 2: then billions of dollars to Israel. So a lot of 373 00:20:41,000 --> 00:20:44,480 Speaker 2: spending still going on, folks. But Clay on the economy 374 00:20:44,520 --> 00:20:50,520 Speaker 2: point here for a second, look the Biden team, it's 375 00:20:50,560 --> 00:20:54,159 Speaker 2: not Biden really, right. The Biden team is going to 376 00:20:54,200 --> 00:20:58,800 Speaker 2: do everything that they can to paper over the weak 377 00:20:58,880 --> 00:21:01,960 Speaker 2: spots in this economy, and they're gonna make every maneuver 378 00:21:02,080 --> 00:21:04,280 Speaker 2: they could. You know, they're already talking about another student 379 00:21:04,359 --> 00:21:08,160 Speaker 2: loan forgiveness of some kind. They're gonna use the money 380 00:21:08,280 --> 00:21:13,240 Speaker 2: spigot selectively to try to turn on voters in some places. 381 00:21:13,480 --> 00:21:15,800 Speaker 2: You know, look, it's politics, it's dirty, this's ow. 382 00:21:15,800 --> 00:21:16,399 Speaker 1: They're gonna do it. 383 00:21:17,000 --> 00:21:20,239 Speaker 2: But I do think that we're heading into I think 384 00:21:20,280 --> 00:21:22,080 Speaker 2: we're heading into rough economic waters. 385 00:21:22,400 --> 00:21:25,760 Speaker 1: I think that they've used the tools. They have a 386 00:21:25,840 --> 00:21:26,560 Speaker 1: lot of this stuff. 387 00:21:26,600 --> 00:21:28,560 Speaker 2: There's a lot of lagging indicators, or a lot of 388 00:21:28,680 --> 00:21:31,320 Speaker 2: time delayed fuses, if you will. In the economy, based 389 00:21:31,400 --> 00:21:34,399 Speaker 2: on the very high rates that we currently have, we 390 00:21:34,480 --> 00:21:38,600 Speaker 2: have still very high prices on food and gas. Inflation 391 00:21:38,840 --> 00:21:42,320 Speaker 2: remains very stubborn for those who can least afford the 392 00:21:42,680 --> 00:21:46,640 Speaker 2: tax on working people that is, you know, the wage 393 00:21:46,720 --> 00:21:47,920 Speaker 2: earning class, that is inflation. 394 00:21:48,560 --> 00:21:53,680 Speaker 1: So I think this is a liability politically for the Democrats. 395 00:21:54,119 --> 00:21:55,720 Speaker 3: And what's one that I think is gonna get worse? 396 00:21:56,720 --> 00:21:59,919 Speaker 3: I agree, And here's a couple of things that need 397 00:22:00,240 --> 00:22:04,320 Speaker 3: to be reinforced. I think time after time, yes, inflation 398 00:22:04,560 --> 00:22:07,880 Speaker 3: has come down, but you never get to dial back 399 00:22:07,960 --> 00:22:09,360 Speaker 3: the inflation that occurred. 400 00:22:09,920 --> 00:22:12,760 Speaker 1: So when you're out there and you're saying, my. 401 00:22:12,880 --> 00:22:18,080 Speaker 3: Goodness, fast food restaurant prices, which I notice are up 402 00:22:18,240 --> 00:22:22,600 Speaker 3: forty percent compared to before Joe Biden was in office, 403 00:22:23,200 --> 00:22:27,360 Speaker 3: that's never coming back down. In fact, prices are likely 404 00:22:27,520 --> 00:22:30,000 Speaker 3: to continue to go up. They'll just go up at 405 00:22:30,040 --> 00:22:33,000 Speaker 3: a slower rate. And what were we talking about the 406 00:22:33,080 --> 00:22:36,080 Speaker 3: other day, I was looking at reading from the Wall 407 00:22:36,119 --> 00:22:38,879 Speaker 3: Street Journal the price of a gallon of orange juice 408 00:22:38,960 --> 00:22:42,080 Speaker 3: now nine bucks. My mom texted me from the grocery store. 409 00:22:42,119 --> 00:22:45,520 Speaker 3: She was actually listening to us live. It's right around 410 00:22:45,600 --> 00:22:48,320 Speaker 3: nine dollars for a gallon of orange juice. I think 411 00:22:48,359 --> 00:22:50,119 Speaker 3: a lot of you out there your jaw kind of 412 00:22:50,200 --> 00:22:52,720 Speaker 3: drops because you think nine dollars is not an insubstantial 413 00:22:52,760 --> 00:22:56,359 Speaker 3: amount of money. The price of cereal when you go 414 00:22:56,520 --> 00:22:59,040 Speaker 3: into the aisle and see what it costs to buy 415 00:22:59,200 --> 00:23:03,080 Speaker 3: cereal for your kids, whatever ceials you may be buying, 416 00:23:03,640 --> 00:23:06,680 Speaker 3: they're off the charts now, and that money's not coming 417 00:23:06,760 --> 00:23:08,440 Speaker 3: back down. And what's going to have to happen? And 418 00:23:08,480 --> 00:23:11,840 Speaker 3: I thought the Santelli clip that we played buck is 419 00:23:11,920 --> 00:23:17,200 Speaker 3: we basically have gotten it back to nine percent. We 420 00:23:17,320 --> 00:23:20,760 Speaker 3: had nine percent inflation. We've basically gotten it back now 421 00:23:20,840 --> 00:23:24,480 Speaker 3: to four percent unemployment, which is where it started in January. 422 00:23:24,880 --> 00:23:27,680 Speaker 3: And the why that the Biden administration is going to 423 00:23:27,960 --> 00:23:32,240 Speaker 3: sell is they keep saying, oh, we've created X number 424 00:23:32,440 --> 00:23:35,960 Speaker 3: of jobs. No, no, no, when you actually look at 425 00:23:36,040 --> 00:23:40,040 Speaker 3: what the Biden economy has done, a huge percentage of 426 00:23:40,119 --> 00:23:43,960 Speaker 3: those jobs were people being able to go back to 427 00:23:44,200 --> 00:23:45,359 Speaker 3: their actual jobs. 428 00:23:45,480 --> 00:23:49,440 Speaker 2: Right, they just stopped eliminating or stopped the freeze on 429 00:23:49,640 --> 00:23:51,639 Speaker 2: the rafts, the artificial freeze. 430 00:23:52,040 --> 00:23:54,919 Speaker 3: So when you go look at the numbers, look at 431 00:23:55,040 --> 00:23:57,760 Speaker 3: when he says, I took office on January twentieth of 432 00:23:57,840 --> 00:24:00,560 Speaker 3: twenty twenty one. Since that time, we've ad I don't 433 00:24:00,560 --> 00:24:03,439 Speaker 3: know what it is. He says, thirteen fourteen million jobs. 434 00:24:04,080 --> 00:24:07,199 Speaker 3: A huge percentage of those jobs are not new jobs. 435 00:24:07,640 --> 00:24:10,200 Speaker 3: They just allowed people to go back to the jobs 436 00:24:10,280 --> 00:24:12,400 Speaker 3: that they had that they were telling them stay home 437 00:24:12,440 --> 00:24:14,640 Speaker 3: from because COVID's too dangerous for you to be able 438 00:24:14,680 --> 00:24:18,399 Speaker 3: to work. So the more interesting aspect to look at 439 00:24:18,680 --> 00:24:21,639 Speaker 3: is the unemployment rate. And the unemployment rates now at 440 00:24:21,680 --> 00:24:24,440 Speaker 3: three point nine percent, I think we're likely to finish 441 00:24:24,560 --> 00:24:27,840 Speaker 3: the year buck at right about where we started the year, 442 00:24:27,920 --> 00:24:30,040 Speaker 3: and it's going to go over four percent, I think 443 00:24:30,119 --> 00:24:31,760 Speaker 3: during the course of twenty twenty four. 444 00:24:32,280 --> 00:24:36,480 Speaker 2: Santelli over at CNBC also got into the under employment 445 00:24:37,119 --> 00:24:41,040 Speaker 2: situation and labor force participation. I want to talk about 446 00:24:41,080 --> 00:24:44,119 Speaker 2: how the numbers can be fudged, if you will, in 447 00:24:44,160 --> 00:24:45,800 Speaker 2: a lot of these things, and what the government's going 448 00:24:45,840 --> 00:24:46,119 Speaker 2: to be doing. 449 00:24:46,440 --> 00:24:47,199 Speaker 1: But play ten here. 450 00:24:47,520 --> 00:24:52,000 Speaker 5: Finally, the underemployment rate, which is seven point two it 451 00:24:52,119 --> 00:24:54,600 Speaker 5: continues to move up, maybe I saved the best for 452 00:24:54,760 --> 00:24:58,440 Speaker 5: last labor force participation sixty two point seven. 453 00:24:58,520 --> 00:24:59,800 Speaker 1: It's going in the wrong direction. 454 00:25:00,240 --> 00:25:02,720 Speaker 5: Our last look was sixty two point eight. That was 455 00:25:02,760 --> 00:25:05,000 Speaker 5: the best ince February of twenty twenties. 456 00:25:05,760 --> 00:25:08,880 Speaker 2: Look, I think that people will start to I hope 457 00:25:08,880 --> 00:25:11,040 Speaker 2: they will start to think, what was it like in 458 00:25:11,119 --> 00:25:13,880 Speaker 2: the third year of the Trump presidency at this point. 459 00:25:13,680 --> 00:25:14,920 Speaker 1: What was the economy like? 460 00:25:15,040 --> 00:25:19,360 Speaker 2: And there was almost a feeling of euphoria of unemployment 461 00:25:19,480 --> 00:25:24,680 Speaker 2: solo stock markets, so high business growth, industry everything relation, 462 00:25:25,000 --> 00:25:29,639 Speaker 2: so inflation solo, right, you know, just booming. Everything was 463 00:25:30,200 --> 00:25:34,720 Speaker 2: absolutely crushing it right and in a good way. And 464 00:25:35,040 --> 00:25:37,840 Speaker 2: now you look at what's happening, and you're going to 465 00:25:37,920 --> 00:25:40,920 Speaker 2: have a Biden regime that's trying to convince people that 466 00:25:41,040 --> 00:25:43,320 Speaker 2: the economic they pay, the economic pain they feel, is 467 00:25:43,400 --> 00:25:46,840 Speaker 2: not real or is offset in some way by some 468 00:25:47,119 --> 00:25:50,239 Speaker 2: benefit that the Biden regime has offered or whatever. Right, 469 00:25:50,280 --> 00:25:51,800 Speaker 2: they're going to have to do a lot of spin 470 00:25:51,920 --> 00:25:55,400 Speaker 2: and a lot of messaging on this, and you know, ultimately, 471 00:25:56,880 --> 00:26:01,800 Speaker 2: I think that you're going to see people recognizing that 472 00:26:01,960 --> 00:26:04,760 Speaker 2: there's going to be challenges for the housing market, for 473 00:26:04,960 --> 00:26:08,920 Speaker 2: certainly commercial real estate. For a long time because of 474 00:26:09,040 --> 00:26:12,680 Speaker 2: rates and because of what's happened here, the hangover of 475 00:26:13,520 --> 00:26:19,080 Speaker 2: Biden's spending, and also the continuation of COVID policies way 476 00:26:19,200 --> 00:26:21,800 Speaker 2: way beyond what anybody thought could be reasonable or rational. 477 00:26:22,400 --> 00:26:25,520 Speaker 2: Is something you're literally paying for, as in higher prices, 478 00:26:25,720 --> 00:26:28,160 Speaker 2: more higher gas, higher food, higher rent. 479 00:26:28,720 --> 00:26:32,600 Speaker 3: Yeah, the February twenty twenty number that he hit Santelli 480 00:26:32,720 --> 00:26:36,159 Speaker 3: there that's so interesting is I believe it's true that 481 00:26:36,280 --> 00:26:40,639 Speaker 3: the labor force participation has still not recovered from the 482 00:26:40,760 --> 00:26:44,880 Speaker 3: COVID shutdowns. Remember that February twenty twenty number is before 483 00:26:45,119 --> 00:26:47,959 Speaker 3: COVID began to take an impact in the United States, 484 00:26:48,560 --> 00:26:51,879 Speaker 3: so we don't have as many people as a percentage 485 00:26:51,880 --> 00:26:54,399 Speaker 3: of the labor force. I believe this is correct, working 486 00:26:54,480 --> 00:26:57,200 Speaker 3: today as we did in February of twenty twenty. That's 487 00:26:57,280 --> 00:27:01,440 Speaker 3: with coming up on four years to try to make 488 00:27:01,520 --> 00:27:05,119 Speaker 3: up for the shutdowns that happen with COVID, the embedded 489 00:27:05,200 --> 00:27:11,719 Speaker 3: and ingrained inflation eight percent mortgages buck this eight percent 490 00:27:12,000 --> 00:27:17,440 Speaker 3: mortgage world has the average home now costs four hundred 491 00:27:17,480 --> 00:27:19,600 Speaker 3: thousand dollars a year. I think it's three hundred and 492 00:27:19,720 --> 00:27:22,120 Speaker 3: ninety four thousand. I think is what the average home 493 00:27:22,400 --> 00:27:27,359 Speaker 3: the mean across the nation now cost when you look 494 00:27:27,440 --> 00:27:31,040 Speaker 3: at what is required in order to take out and 495 00:27:31,200 --> 00:27:36,640 Speaker 3: buy a home of that price, there's a huge percentage 496 00:27:36,680 --> 00:27:40,040 Speaker 3: of Americans that cannot afford that at an eight percent 497 00:27:40,320 --> 00:27:43,440 Speaker 3: interest rate environment. Now, I believe the numbers are eighty 498 00:27:43,520 --> 00:27:47,000 Speaker 3: percent of people have who have homes right now have 499 00:27:47,200 --> 00:27:51,520 Speaker 3: low interest rate loans. But if you have a two 500 00:27:51,600 --> 00:27:55,639 Speaker 3: and a half three percent, three and a half percent mortgage, congratulations. 501 00:27:56,040 --> 00:27:58,359 Speaker 3: The problem, as many of you out there listening to 502 00:27:58,440 --> 00:28:02,440 Speaker 3: me are nodding along, is you can't afford to give 503 00:28:02,520 --> 00:28:05,919 Speaker 3: that up and move somewhere else. So the housing market 504 00:28:06,040 --> 00:28:08,840 Speaker 3: is fundamentally broken right now because you have people that 505 00:28:08,920 --> 00:28:11,159 Speaker 3: would like to maybe trade up or trade down. Your 506 00:28:11,240 --> 00:28:13,359 Speaker 3: kids are grown and you don't need as much space, 507 00:28:13,600 --> 00:28:15,679 Speaker 3: or you're adding to your family, you want to move 508 00:28:15,720 --> 00:28:18,440 Speaker 3: to a new school district. You can't afford to do 509 00:28:18,600 --> 00:28:20,879 Speaker 3: it because you're fortunate to have that two and a 510 00:28:20,920 --> 00:28:23,440 Speaker 3: half or three percent rate, but you're not going to 511 00:28:23,520 --> 00:28:26,000 Speaker 3: give that up because you can't afford to take the 512 00:28:26,080 --> 00:28:29,520 Speaker 3: next step in either direction. Either you're aging and you 513 00:28:29,560 --> 00:28:31,720 Speaker 3: don't need as much space, or you've got a young 514 00:28:31,840 --> 00:28:35,920 Speaker 3: family and you need more space. Everybody's stuck, and the 515 00:28:36,119 --> 00:28:39,400 Speaker 3: end result is there isn't enough inventory of housing, and 516 00:28:39,520 --> 00:28:42,959 Speaker 3: it's actually in many cities way more affordable right now 517 00:28:43,080 --> 00:28:45,200 Speaker 3: to rent than it is to try to deal with 518 00:28:45,320 --> 00:28:46,840 Speaker 3: taking out an eight percent mortgage. 519 00:28:46,920 --> 00:28:50,080 Speaker 1: So I just think there's a lot of mess here. 520 00:28:50,520 --> 00:28:55,320 Speaker 3: And the big miscalculation by the piden team, which stuns 521 00:28:55,400 --> 00:28:57,640 Speaker 3: me that they could be this dumb, was to try 522 00:28:57,720 --> 00:29:01,080 Speaker 3: to argue that bidnomics was a good thing. And now 523 00:29:01,280 --> 00:29:04,720 Speaker 3: they've mostly started to kind of like abandon that argument 524 00:29:04,840 --> 00:29:07,520 Speaker 3: because people look around and they're like, Bidenomics sucks. 525 00:29:08,000 --> 00:29:11,040 Speaker 2: This is the argument ever, kind of like when Kamala 526 00:29:11,160 --> 00:29:12,960 Speaker 2: was the borders are and then they're like, you don't 527 00:29:12,960 --> 00:29:14,800 Speaker 2: go to the border. You know nothing about the border, 528 00:29:14,880 --> 00:29:17,560 Speaker 2: and the border's wide open. It's like, maybe she shouldn't 529 00:29:17,560 --> 00:29:19,280 Speaker 2: be the borders are anymore. You know, they had to 530 00:29:19,320 --> 00:29:21,000 Speaker 2: walk back from that one. Well, now she'll handle his 531 00:29:21,120 --> 00:29:24,040 Speaker 2: lamophobia instead. But Buck, this reminds me of like when 532 00:29:24,040 --> 00:29:25,920 Speaker 2: you're a kid, when you're trying to get your kids 533 00:29:25,960 --> 00:29:30,160 Speaker 2: to eat. You can't convince them that BROCCOLI's dessert. That's 534 00:29:30,240 --> 00:29:32,800 Speaker 2: kind of kids are smart enough. Hey, we got a 535 00:29:32,880 --> 00:29:33,920 Speaker 2: great dessert for you. 536 00:29:34,040 --> 00:29:34,800 Speaker 1: Okay, what is it? 537 00:29:34,840 --> 00:29:35,360 Speaker 4: What is it? 538 00:29:35,480 --> 00:29:36,040 Speaker 1: Ice cream? 539 00:29:36,200 --> 00:29:36,760 Speaker 3: Is it cake? 540 00:29:37,680 --> 00:29:39,680 Speaker 1: Broccoli? It feels like the. 541 00:29:39,720 --> 00:29:43,320 Speaker 3: Biden administration, Bidenomics, is basically arguing BROCCOLI's dessert. 542 00:29:43,400 --> 00:29:46,760 Speaker 2: At least you're talking about you know about the humans there, 543 00:29:47,480 --> 00:29:49,800 Speaker 2: the puppy Clay, the puppies training me. 544 00:29:50,120 --> 00:29:54,120 Speaker 1: Man, I I this thing. It wins every argument I 545 00:29:54,240 --> 00:29:55,600 Speaker 1: try to get it to go in the in the 546 00:29:55,640 --> 00:29:56,240 Speaker 1: little cage. 547 00:29:56,280 --> 00:29:58,120 Speaker 2: It's not what they call it. The little you know, 548 00:29:58,800 --> 00:30:01,800 Speaker 2: doesn't like it. If I leave it for five seconds, 549 00:30:01,840 --> 00:30:02,640 Speaker 2: it starts yelping. 550 00:30:02,880 --> 00:30:04,240 Speaker 1: This is why, this is why. 551 00:30:04,120 --> 00:30:07,800 Speaker 3: I'm saying, clip, everything that you say about kids, and 552 00:30:08,400 --> 00:30:10,600 Speaker 3: every opinion that you have about kids is going to 553 00:30:10,680 --> 00:30:12,400 Speaker 3: reverse after six months of parenting. 554 00:30:12,680 --> 00:30:15,840 Speaker 2: I'm I'm starting to change a little bit of my 555 00:30:15,880 --> 00:30:17,960 Speaker 2: outlook here on how easy it is to uh to 556 00:30:18,120 --> 00:30:21,160 Speaker 2: manage you know, other living creatures that. 557 00:30:21,640 --> 00:30:24,880 Speaker 1: Are trust are young, you know that need rearing and parenting, 558 00:30:24,960 --> 00:30:25,440 Speaker 1: et cetera. 559 00:30:26,640 --> 00:30:29,160 Speaker 2: All right, Look, the Preborn Network of Clinics, I want 560 00:30:29,160 --> 00:30:31,080 Speaker 2: to talk to you about this right now. They're set 561 00:30:31,160 --> 00:30:34,400 Speaker 2: up nationwide to save the lives of unborn children. They 562 00:30:34,440 --> 00:30:36,800 Speaker 2: successfully do that every day, saving as many as two 563 00:30:36,920 --> 00:30:38,160 Speaker 2: hundred thousand children a year. 564 00:30:38,560 --> 00:30:39,160 Speaker 4: How do they do it. 565 00:30:39,440 --> 00:30:42,280 Speaker 2: They welcome pregnant mothers making the decision between life and 566 00:30:42,360 --> 00:30:45,400 Speaker 2: abortion for their unborn baby. Preborn provides them with a 567 00:30:45,480 --> 00:30:47,880 Speaker 2: free ultrasound to meet their child, to hear the heartbeat, 568 00:30:47,920 --> 00:30:50,840 Speaker 2: and to witness the movement of their unborn child. They 569 00:30:50,920 --> 00:30:53,920 Speaker 2: also offer counseling both during the pregnancy and for up 570 00:30:53,960 --> 00:30:57,000 Speaker 2: the two years after the baby is born. Preborn's mission 571 00:30:57,040 --> 00:30:58,600 Speaker 2: is to bring the hearts and souls of mothers and 572 00:30:58,640 --> 00:31:02,360 Speaker 2: babies together. All services are free, provided by donations from 573 00:31:02,360 --> 00:31:04,680 Speaker 2: people like you and me that believe that life starts 574 00:31:04,720 --> 00:31:08,000 Speaker 2: with conception. They need your help. If you have the means, 575 00:31:08,000 --> 00:31:10,600 Speaker 2: would you consider a leadership gift to save babies in 576 00:31:10,680 --> 00:31:14,200 Speaker 2: a big way. Your tax deductible donation of five thousand 577 00:31:14,200 --> 00:31:18,160 Speaker 2: dollars will sponsor Preborn's entire nationwide network of clinics for 578 00:31:18,240 --> 00:31:20,800 Speaker 2: twenty four hours, helping to save the lives of perhaps 579 00:31:20,880 --> 00:31:24,520 Speaker 2: up to two hundred babies. To donate, use your cell 580 00:31:24,560 --> 00:31:27,680 Speaker 2: phone dial pound two fifty and say the keyword baby. 581 00:31:28,200 --> 00:31:32,040 Speaker 2: That's pound two five zero say baby, or donate securely 582 00:31:32,080 --> 00:31:35,680 Speaker 2: at preborn dot com, slash buck, that's preborn dot com, 583 00:31:35,800 --> 00:31:39,120 Speaker 2: slash b u c K Preborn has a one hundred 584 00:31:39,120 --> 00:31:42,040 Speaker 2: percent charity rating, so you can give with confidence. Help 585 00:31:42,120 --> 00:31:45,240 Speaker 2: save an innocent life today. Go to preborn dot com, 586 00:31:45,440 --> 00:31:47,520 Speaker 2: slash Buck to. 587 00:31:47,640 --> 00:31:52,640 Speaker 3: Clay and Buck podcast deep dives with cool content, surprise guests. 588 00:31:53,040 --> 00:31:55,800 Speaker 3: Get it all on the iheartapp or wherever you get 589 00:31:55,840 --> 00:32:00,440 Speaker 3: your podcasts. Welcome back in Clay Travis Buck Sexton show 590 00:32:01,760 --> 00:32:07,360 Speaker 3: your Department of Justice. My Department of Justice clearly has 591 00:32:07,960 --> 00:32:11,840 Speaker 3: a different standard of justice for Democrats and for Republicans. 592 00:32:12,520 --> 00:32:15,280 Speaker 3: Most of the time, it's never even pointed out. Top 593 00:32:15,320 --> 00:32:16,680 Speaker 3: of the next hour, I'm going to talk to you 594 00:32:16,800 --> 00:32:19,920 Speaker 3: about the fact that yours truly is now under the 595 00:32:20,040 --> 00:32:23,520 Speaker 3: very first IRS audit of my life that happens to 596 00:32:23,640 --> 00:32:28,280 Speaker 3: correspond with the tax return when I started to work 597 00:32:28,400 --> 00:32:29,520 Speaker 3: on this radio show. 598 00:32:29,600 --> 00:32:31,120 Speaker 1: It's amazing the coincidence. 599 00:32:31,840 --> 00:32:34,800 Speaker 3: And I'll talk about that a little bit more about 600 00:32:35,360 --> 00:32:38,840 Speaker 3: clearly being targeted, in my opinion, based on what your 601 00:32:38,920 --> 00:32:44,400 Speaker 3: political views are by this Joe Biden administration. But even 602 00:32:44,520 --> 00:32:50,160 Speaker 3: when you're on film violating the law, even when they 603 00:32:50,320 --> 00:32:53,280 Speaker 3: have you dead to rights, there's no argument that you 604 00:32:53,480 --> 00:32:56,800 Speaker 3: have at all, you get preferential treatment. We've seen it 605 00:32:56,880 --> 00:32:59,680 Speaker 3: with Hunter Biden, We've seen it with Jamal Bowman, a 606 00:32:59,800 --> 00:33:03,840 Speaker 3: coon congressman from New York CNN I think this is 607 00:33:03,920 --> 00:33:09,120 Speaker 3: Manu Raju actually managed to catch up with him and said, hey, man, 608 00:33:09,640 --> 00:33:11,920 Speaker 3: you know all the stories that you told about why 609 00:33:12,000 --> 00:33:14,960 Speaker 3: you pulled that fire alarm, Yeah, they're all lies. We've 610 00:33:15,040 --> 00:33:18,480 Speaker 3: seen the video. Listen to this interaction, though, Why did. 611 00:33:18,360 --> 00:33:21,400 Speaker 5: You plead guilty to knowingly pulling that fire alarm when 612 00:33:21,440 --> 00:33:23,719 Speaker 5: you said that you didn't know it initially? 613 00:33:23,720 --> 00:33:24,960 Speaker 4: He told all of us he didn't know that's a 614 00:33:25,000 --> 00:33:27,280 Speaker 4: fire I'm still telling about this man that's behind me, 615 00:33:27,400 --> 00:33:30,840 Speaker 4: that's been adjudicated. We done pay the fine. Move forward 616 00:33:30,880 --> 00:33:33,000 Speaker 4: in three months that we dismissed. Did you want you didn't? 617 00:33:33,080 --> 00:33:35,520 Speaker 4: You weren't straight about what happened initially? Very straight. I 618 00:33:35,600 --> 00:33:37,720 Speaker 4: was straight from the very beginning. You said you didn't know. 619 00:33:38,280 --> 00:33:40,720 Speaker 4: I was straight from the beginning. Someone didn't spoke that 620 00:33:40,800 --> 00:33:43,680 Speaker 4: today on the house Floria though, that incident, the fact 621 00:33:43,720 --> 00:33:46,360 Speaker 4: that you have you've actually pleaded guilty and he is 622 00:33:46,400 --> 00:33:49,600 Speaker 4: still just being charged. Yeah, whatever, man, that's all good. 623 00:33:49,680 --> 00:33:52,240 Speaker 1: Any other questions about anything else, can. 624 00:33:52,160 --> 00:33:54,200 Speaker 4: You just explain why he said that initially? We already 625 00:33:54,240 --> 00:33:56,320 Speaker 4: talked about this. Anything else? All right? 626 00:33:57,280 --> 00:33:58,760 Speaker 2: Well, So here's what I can. I tell you what 627 00:33:58,800 --> 00:34:00,320 Speaker 2: I think is going on here. I think some of 628 00:34:00,360 --> 00:34:02,680 Speaker 2: these Capitol Hill reporters, I mean, that's a scene that 629 00:34:02,720 --> 00:34:04,840 Speaker 2: was a CNN reporter, right, and others. I'm not sure 630 00:34:04,840 --> 00:34:06,560 Speaker 2: who else was talking to be fair, but yet, but 631 00:34:06,800 --> 00:34:09,359 Speaker 2: at least one of those cen N reporter, they they 632 00:34:09,440 --> 00:34:11,160 Speaker 2: tried to go along with the like it was a 633 00:34:11,280 --> 00:34:14,160 Speaker 2: mistake because that was his initial thing. Yeah, and now 634 00:34:14,360 --> 00:34:17,000 Speaker 2: and now they all look stupid to our point, they'll 635 00:34:17,200 --> 00:34:20,319 Speaker 2: they'll do whatever they can for the narrative. But journalists, 636 00:34:20,600 --> 00:34:23,120 Speaker 2: they tend to be thin skinned, and they tend to 637 00:34:23,160 --> 00:34:27,280 Speaker 2: be very self important and narcissistic while also deeply insecure, 638 00:34:27,320 --> 00:34:30,840 Speaker 2: although that you know, that kind of narcissism is not 639 00:34:31,040 --> 00:34:33,840 Speaker 2: that unusual, right where you kind of think you're amazing, 640 00:34:33,880 --> 00:34:37,120 Speaker 2: but also were deeply insecure. They don't like being made 641 00:34:37,160 --> 00:34:39,360 Speaker 2: to look like fools. And anybody who went along with 642 00:34:39,440 --> 00:34:42,600 Speaker 2: the Jamal Bowman, I didn't know what I was doing, 643 00:34:42,920 --> 00:34:44,640 Speaker 2: and I pulled this thing and who knew what it 644 00:34:44,840 --> 00:34:48,320 Speaker 2: was looks foolish now because the guy obviously pleaded guilty 645 00:34:48,360 --> 00:34:50,239 Speaker 2: to it, because we've seen the video, and the video 646 00:34:50,320 --> 00:34:53,400 Speaker 2: shows he knew exactly what he was doing, and you know, 647 00:34:53,440 --> 00:34:55,360 Speaker 2: the whole thing is kind of bizarre. But what I 648 00:34:55,440 --> 00:34:58,960 Speaker 2: think is, I mean, if I'm I don't blame Congressman 649 00:34:59,000 --> 00:35:02,000 Speaker 2: Bowman here for being like, come on, that's past Like 650 00:35:02,160 --> 00:35:03,640 Speaker 2: what else are you going to say? Right, come on, 651 00:35:03,760 --> 00:35:05,879 Speaker 2: that's past us? Like that's all he can really say. 652 00:35:06,400 --> 00:35:08,520 Speaker 2: But when he starts saying I've been straight from the beginning, 653 00:35:08,560 --> 00:35:11,640 Speaker 2: it's like, no, no, no, no, no, no, you definitely lied. 654 00:35:12,280 --> 00:35:13,279 Speaker 1: What about this buck? 655 00:35:14,520 --> 00:35:21,200 Speaker 3: The DC Justice Department is prosecuting every January sixth defendant 656 00:35:21,239 --> 00:35:24,400 Speaker 3: to the full extent of the wall. How much easier 657 00:35:24,560 --> 00:35:28,360 Speaker 3: of a case can there be than the Jamal Bowman 658 00:35:28,480 --> 00:35:32,800 Speaker 3: case It should legitimately take if you if you actually 659 00:35:32,920 --> 00:35:35,600 Speaker 3: prosecuted him to the full extent of the law, you 660 00:35:35,840 --> 00:35:38,560 Speaker 3: have him dead to rights on that video. 661 00:35:39,360 --> 00:35:42,120 Speaker 1: Walking up, pulling the alarm, ripping down the shoe. 662 00:35:42,200 --> 00:35:44,359 Speaker 2: You're gonna try to get him on obstruction of congress, right, 663 00:35:44,440 --> 00:35:48,040 Speaker 2: or obstruction of official proceding because pulling the fire or alarm, Like, 664 00:35:48,120 --> 00:35:50,239 Speaker 2: no one actually goes to prison for the first time 665 00:35:50,320 --> 00:35:52,360 Speaker 2: in DC. I can tell you for pulling the fire. 666 00:35:52,200 --> 00:35:53,600 Speaker 3: Alay, right or LEAs, But if you a lot of 667 00:35:53,640 --> 00:35:56,759 Speaker 3: people don't if you applied the full extent of the 668 00:35:56,920 --> 00:36:01,560 Speaker 3: logic to him that you did to the January sixth defendants. Arguably, 669 00:36:02,160 --> 00:36:05,480 Speaker 3: as a member of Congress, he should be held to 670 00:36:05,600 --> 00:36:08,240 Speaker 3: a higher standard when it comes to disruption. I actually 671 00:36:08,320 --> 00:36:11,239 Speaker 3: think Buck, I think they're afraid they couldn't get a 672 00:36:11,280 --> 00:36:15,160 Speaker 3: conviction because he's a Democrat and he would just say 673 00:36:15,440 --> 00:36:19,319 Speaker 3: whatever BS argument he made. I wonder if that's part 674 00:36:19,320 --> 00:36:22,120 Speaker 3: of the reason. In addition, I hadn't even thought about that. Yeah, 675 00:36:22,160 --> 00:36:23,239 Speaker 3: I think you're right. I don't think. 676 00:36:23,280 --> 00:36:26,400 Speaker 1: I think if Jamal Bowman had faced actual charges on this, 677 00:36:26,800 --> 00:36:28,320 Speaker 1: he would not be convicted. 678 00:36:28,520 --> 00:36:31,520 Speaker 2: I wouldn't get a jury sizeable bet that a DC 679 00:36:31,640 --> 00:36:33,960 Speaker 2: jury would say, no, he's Jamal Bowman, He's team Democrat, 680 00:36:34,040 --> 00:36:36,719 Speaker 2: good to go. It's lie of the whole DC situation, 681 00:36:36,920 --> 00:36:38,760 Speaker 2: and especially when you get into like the federal courts, 682 00:36:38,800 --> 00:36:40,360 Speaker 2: there is concerning and. 683 00:36:40,640 --> 00:36:44,719 Speaker 1: The weaponization of the federal bureaucracy. Play is very concerning. 684 00:36:45,840 --> 00:36:49,080 Speaker 3: Your boy listening to me right now, I got an 685 00:36:49,280 --> 00:36:52,839 Speaker 3: IRS audit not at notice in the mail. It's never 686 00:36:53,040 --> 00:36:56,240 Speaker 3: happened before to me. They start to do it literally 687 00:36:56,320 --> 00:36:57,520 Speaker 3: the first year I'm doing this show. 688 00:36:57,560 --> 00:36:58,560 Speaker 1: I'm going to talk about it next.