Latest / Ron Verb / The entire broadcast from Thursday 05/28/26

Transcript

The entire broadcast from Thursday 05/28/26 · Ron Verb

• 0:00
  Speaker 1: Andy, off we go. 3.06 in the afternoon. Welcome to
• 0:02
  Speaker 1: a Thursday afternoon. Boy, it is just about the perfect
• 0:06
  Speaker 1: day outside, to say the least. It is 71 degrees.
• 0:09
  Speaker 1: The temperature is just ideal. This is one of those
• 0:12
  Speaker 1: days that I think you just wait for. I mean,
• 0:16
  Speaker 1: you don't have high humidity. It's just perfect. It's absolutely perfect. So,
• 0:21
  Speaker 1: I hope you get an opportunity if you're retired to
• 0:24
  Speaker 1: go You enjoy working in your yard or maybe doing
• 0:27
  Speaker 1: some golfing or maybe just taking a nice walk. And
• 0:31
  Speaker 1: if you're working, I hope you, when you get home,
• 0:32
  Speaker 1: you get to enjoy some of this beautiful day as well.
• 0:35
  Speaker 1: It is just absolutely phenomenal out there. Perfect temperature, perfect humidity,
• 0:40
  Speaker 1: and it's just comfortable. Anyway, good afternoon. Ron Verb from
• 0:43
  Speaker 1: the Kingdom of Mahoning right here until 7 o'clock tonight,
• 0:45
  Speaker 1: being Thursday. Legal Show comes your way tonight, 5 to 6,
• 0:49
  Speaker 1: brought to you by Beatrice Kopp and then John Arnold's
• 0:52
  Speaker 1: with the Money Talks program from 6 to 7, so
• 0:55
  Speaker 1: we conversate from 3 to 5 here this afternoon on
• 0:58
  Speaker 1: NewsRadio 570 WKBN. And I get to phone calls momentarily
• 1:02
  Speaker 1: if you would like to chime in.
• 1:03
  Speaker 2: 330-729-9977.
• 1:03
  Speaker 3: 330-729-9977.
• 1:05
  Speaker 1: Well, wasn't it interesting? If you missed yesterday's broadcast, I
• 1:07
  Speaker 1: think you missed a lot. I really do. Go back
• 1:17
  Speaker 1: and snag it on the podcast, okay, if you missed
• 1:21
  Speaker 1: yesterday's broadcast. So here's what you missed. I find it
• 1:25
  Speaker 1: interesting that we start out on the program yesterday talking
• 1:29
  Speaker 1: about how the state, DeWine, the DeWine administration, waived the
• 1:38
  Speaker 1: sales tax on data centers. What do you prefer, tomato, tomato, data, data?
• 1:43
  Speaker 1: What do you prefer? But they waived the sales tax
• 1:48
  Speaker 1: for data centers. And by waiving that, as I was
• 1:55
  Speaker 1: talking to you yesterday, all the goods that they buy,
• 1:57
  Speaker 1: these huge facilities, these massive facilities that they build, they
• 2:02
  Speaker 1: don't pay sales tax on any of the materials like
• 2:05
  Speaker 1: you would do if you're building a factory or you're
• 2:07
  Speaker 1: building your house. They pay zero. And That adds up
• 2:16
  Speaker 1: at this point in time of a loss of $ 2 billion.
• 2:19
  Speaker 1: $ 2 billion. Now, I've said it before and I'm going
• 2:27
  Speaker 1: to say it again. We are the sweet spot for
• 2:30
  Speaker 1: these centers because we have the perfect weather. We're not
• 2:33
  Speaker 1: like Florida and Arizona and those places where it's so
• 2:35
  Speaker 1: hot this time of the year. So we have the
• 2:38
  Speaker 1: perfect weather. Because we have winter. We have changing seasons.
• 2:45
  Speaker 1: So keeping these centers cool is important, and it's a
• 2:49
  Speaker 1: lot easier to do it around here. So this is
• 2:52
  Speaker 1: an ideal location weather-wise for data centers. In addition to that,
• 2:59
  Speaker 1: we have the transmission lines that are necessary for the
• 3:04
  Speaker 1: power that is needed. A sweet spot for data centers
• 3:08
  Speaker 1: is Lordstown. You have two natural gas energy plants out there.
• 3:13
  Speaker 1: You have the transmission lines. Lines that are there. I
• 3:18
  Speaker 1: saw that they're looking at a data center where, was
• 3:21
  Speaker 1: it the Samus plants, if I'm pronouncing that correctly? The
• 3:25
  Speaker 1: coal plant that we should have never ripped down. Thank you, Obama.
• 3:28
  Speaker 1: Thank you, Clinton. Thank you, you folks with this green
• 3:32
  Speaker 1: stuff that's insisted that we tear down state-of-the-art coal plants
• 3:39
  Speaker 1: and we didn't have anything to replace them with, the
• 3:41
  Speaker 1: power creating the energy crisis that we're suffering here. Let's see,
• 3:46
  Speaker 1: that would be Biden. That would be Clinton. That would
• 3:49
  Speaker 1: be Obama. That would be Hillary Clinton. You remember the
• 3:53
  Speaker 1: war on coal, right? The war on coal. Let's get
• 3:57
  Speaker 1: rid of these coal plants. Let's shut them down. Basically
• 4:00
  Speaker 1: regulate them out of business. But let's make a rule
• 4:04
  Speaker 1: that when they're shut down, they must be destroyed so
• 4:06
  Speaker 1: they can't sit there and be turned back on. This
• 4:09
  Speaker 1: was the Obama administration. And the Samus plant, we ripped
• 4:13
  Speaker 1: down a perfectly good coal-powered plant that we desperately need
• 4:18
  Speaker 1: today because of these type of idiot decisions when we
• 4:22
  Speaker 1: didn't have anything to replace that void that it left.
• 4:27
  Speaker 1: But now they're talking about, hey, isn't this the perfect
• 4:29
  Speaker 1: location for a data center? And the reality is, it is.
• 4:36
  Speaker 1: Because you have those transmission lines right there. Those places
• 4:40
  Speaker 1: like that, I've read long before this has happened, that's
• 4:43
  Speaker 1: where you're ripping down the coal plants, excellent locations for
• 4:46
  Speaker 1: data centers because the transmission lines are there. We are
• 4:49
  Speaker 1: a sweet spot for this stuff. So what I'm saying
• 4:53
  Speaker 1: is we shouldn't, as a state, give any relief to
• 4:57
  Speaker 1: these people at all. We shouldn't have to give them
• 5:00
  Speaker 1: a sales tax break. It's reprehensible that this was done.
• 5:06
  Speaker 1: It cost all of us $ 2 billion. that we should have.
• 5:13
  Speaker 1: And we could have used that $ 2 billion to go
• 5:15
  Speaker 1: towards our local government funds. There's so much we could
• 5:18
  Speaker 1: have used it for. If we would have used it
• 5:20
  Speaker 1: for relief for our property tax payers, we could have
• 5:23
  Speaker 1: used it to get money back to our local government funds.
• 5:28
  Speaker 1: But instead, we gave some of the wealthiest companies in
• 5:31
  Speaker 1: the country, whether that's Google or Facebook, sales tax breaks.
• 5:38
  Speaker 1: And we lost $ 2 billion to these very wealthy companies
• 5:40
  Speaker 1: that need to be here. Because if idiot politicians had
• 5:44
  Speaker 1: failed to realize we don't have to have incentives, we
• 5:47
  Speaker 1: are the sweet spot for this. And I do mean
• 5:50
  Speaker 1: idiot politicians. So I think it's interesting, and I want
• 5:54
  Speaker 1: all of you to understand this. Because yesterday, as we
• 5:58
  Speaker 1: are digging into this during the broadcast... And I'm texting
• 6:03
  Speaker 1: State Rep. Dave Thomas during the broadcast to get him
• 6:05
  Speaker 1: to come on. And he's texting back to me saying,
• 6:08
  Speaker 1: I think I'm going to have some late break in news.
• 6:12
  Speaker 1: And I said, this is good because this is what
• 6:14
  Speaker 1: we're on and this is what we're talking about. And
• 6:20
  Speaker 1: lo and behold, they announced yesterday, oh, the governor all
• 6:23
  Speaker 1: of a sudden decides he's going to put a pause
• 6:27
  Speaker 1: on any waiver of sales tax from data centers. He
• 6:32
  Speaker 1: announced it yesterday. What an interesting coincidence. He announced that
• 6:36
  Speaker 1: yesterday that he was going to put a pause on it.
• 6:40
  Speaker 1: When the information is coming out of how, by doing
• 6:47
  Speaker 1: what they did, they screwed us out of $ 2 billion.
• 6:51
  Speaker 1: This is a governor that vetoed stuff to give property
• 6:54
  Speaker 1: tax payers a break. I mean, I can't wait for
• 6:59
  Speaker 1: DeWine to go. And that's why I say this isn't
• 7:01
  Speaker 1: always about Republican and Democrat. You can't sit here and
• 7:05
  Speaker 1: say Republicans all good, Democrats all bad, because that stereotype
• 7:10
  Speaker 1: doesn't cut it. It just doesn't cut it. You've got
• 7:14
  Speaker 1: to look at sometimes the individuals. Because we've had good Republicans.
• 7:21
  Speaker 1: We've had good Democrats. So it's hard to say this
• 7:25
  Speaker 1: is a policy that should be carved in stone. DeWine's
• 7:28
  Speaker 1: a Republican, and I can't wait to see him go.
• 7:33
  Speaker 1: With that being said, it'd be a cold day in
• 7:35
  Speaker 1: hell before I'd ever vote for Amy Acton. So I'm
• 7:40
  Speaker 1: somewhat excited about Vivek. But the reality is we're going
• 7:47
  Speaker 1: to put a pause on it. After we sacrifice $ 2 billion,
• 7:50
  Speaker 1: and State Rep. Dave Thomas said they're trying to get
• 7:52
  Speaker 1: legislation through that you can't unpause it, that it'd be prohibited.
• 8:03
  Speaker 1: There shouldn't be a property tax break or real estate
• 8:06
  Speaker 1: tax break for data centers either. As I said to you,
• 8:10
  Speaker 1: and it's important for everyone to understand this, as I
• 8:13
  Speaker 1: see local communities trying to fight, let's put a moratorium on,
• 8:17
  Speaker 1: let's put a ban on them. I want you to
• 8:20
  Speaker 1: think about this. When a levy's passed and it generates
• 8:25
  Speaker 1: so much money, it's pretty well frozen at that with
• 8:29
  Speaker 1: the exception of what's called inside millage. Property taxes are confusing.
• 8:32
  Speaker 1: There's inside millage, outside millage, but most of it's outside millage,
• 8:36
  Speaker 1: which means here's what the levy is, which means that's
• 8:38
  Speaker 1: how much money it can generate for its whether it's
• 8:43
  Speaker 1: five years or continuous or whatever the case might be.
• 8:49
  Speaker 1: So if you put a data center, let's just say
• 8:54
  Speaker 1: in Lordstown, North Jackson area, now the property tax on
• 9:00
  Speaker 1: that huge facility would be substantial. So we've shifted a
• 9:04
  Speaker 1: lot of the burden of property taxes to that company,
• 9:09
  Speaker 1: which should never be exempted, should pay them. And believe me,
• 9:13
  Speaker 1: they can afford it. And we can take some of
• 9:15
  Speaker 1: the cost off the homeowner because the levy can only
• 9:20
  Speaker 1: generate so much. We've rearranged the pie. You follow me?
• 9:24
  Speaker 1: We've just rearranged the pie. This is good. So that's
• 9:31
  Speaker 1: why I'm saying think long and hard before you stand there.
• 9:34
  Speaker 1: When people are saying they're against these data centers, here's
• 9:37
  Speaker 1: the reality. We're all going to use them if you're
• 9:39
  Speaker 1: not already. It is technology. You can't fight it. There's
• 9:44
  Speaker 1: good and evil with it, just as there is with
• 9:47
  Speaker 1: the Internet now. With the Internet now, it's fantastic. A
• 9:51
  Speaker 1: lot of good comes from it. But look at all
• 9:53
  Speaker 1: the evil that can come into your house. Look at
• 9:56
  Speaker 1: all the evil that comes in that you get these
• 9:59
  Speaker 1: guys busted into. with child porn on websites or human
• 10:04
  Speaker 1: trafficking or all the crazy stuff that you see going on.
• 10:07
  Speaker 1: So all of the evil of the internet comes into
• 10:11
  Speaker 1: your house as well. You sometimes see underage kids running
• 10:14
  Speaker 1: off with people who think they're madly in love with
• 10:16
  Speaker 1: each other and it's It's pretty pathetic. So evil comes
• 10:20
  Speaker 1: in from the internet now. And with AI, evil will
• 10:25
  Speaker 1: come in as well. But there's also good that comes
• 10:32
  Speaker 1: from it. And, I mean, we'll all use it. Hopefully
• 10:37
  Speaker 1: the good outweigh the bad. There's genuine concern about will
• 10:41
  Speaker 1: we become a surveillance state with this stuff. I think
• 10:44
  Speaker 1: there's cause for concern. But I'm concerned when local communities
• 10:51
  Speaker 1: and people around here are saying, we don't want any
• 10:53
  Speaker 1: of this stuff. We want a ban. We want a moratorium.
• 10:57
  Speaker 1: It is technology, and we shouldn't fight it. We should
• 11:00
  Speaker 1: embrace it to lower our property taxes with an understanding
• 11:05
  Speaker 1: of what are the effects on our water supply. We
• 11:07
  Speaker 1: have the water here because of the steel mills. That's
• 11:11
  Speaker 1: why I say we're a sweet spot. So what effect
• 11:16
  Speaker 1: does it have on our water? And as far as
• 11:19
  Speaker 1: electricity use, as Dave Thomas was saying, mandating them to
• 11:24
  Speaker 1: have their own power supplies as opposed to being on
• 11:27
  Speaker 1: the grid, sucking up the energy and making us all
• 11:32
  Speaker 1: pay more. Comments?
• 11:34
  Speaker 4: 330-729-9977. 330-729-9977.
• 11:35
  Speaker 1: I think this is important. That's important. Every time I
• 11:46
  Speaker 1: pick up the Vindicator or the Trib, yes, I still
• 11:48
  Speaker 1: read a newspaper. And I support them. And every time
• 11:54
  Speaker 1: I pick it up and I see, well, this community's
• 11:56
  Speaker 1: upset about data centers or they want to ban our moratorium,
• 11:59
  Speaker 1: I'm thinking, this is like, why? Think this through. Do
• 12:03
  Speaker 1: you really know enough? Are you just part of the
• 12:05
  Speaker 1: herd to say, oh, we got to stop this? Because
• 12:08
  Speaker 1: they're going to go somewhere. And those other communities will
• 12:11
  Speaker 1: get the benefit of their property taxes. Those other communities
• 12:14
  Speaker 1: will get the benefits. of the jobs that are there,
• 12:19
  Speaker 1: including the maintenance jobs to keep the places running and
• 12:21
  Speaker 1: the services that they will need. So let's not cut
• 12:25
  Speaker 1: our throats here. Let's not cut our throats. All right,
• 12:28
  Speaker 1: that's where we start today. So much to cover, such
• 12:32
  Speaker 1: little time. Glad you're with us. Beautiful day. You're on
• 12:35
  Speaker 1: the air.
• 12:37
  Speaker 5: Hey, Ron, last year, you asked G2 to research data centers,
• 12:43
  Speaker 5: and a week later, he talked for an hour about
• 12:46
  Speaker 5: on how great data centers were going to be in
• 12:49
  Speaker 5: how many jobs were going to be created, et cetera,
• 12:52
  Speaker 5: et cetera.
• 12:53
  Speaker 1: I don't remember any of that.
• 12:55
  Speaker 5: Yeah, yeah, I remember. I tried to call, and you
• 12:59
  Speaker 5: let them talk for the full hour without taking calls.
• 13:03
  Speaker 5: But I'm going to summarize some of my reasons when
• 13:08
  Speaker 5: I called the next day to disagree with them. Data
• 13:12
  Speaker 5: centers are granted jobs. long-term guaranteed access to huge amounts
• 13:18
  Speaker 5: of electricity and volumes of water at the expense of
• 13:23
  Speaker 5: residents and local businesses. Now, during periods of drought or
• 13:28
  Speaker 5: grid stress, these agreements remain legally binding, and electricity prices rise.
• 13:36
  Speaker 5: It becomes unaffordable for individuals and families to live near
• 13:41
  Speaker 5: a lot of these data centers.
• 13:44
  Speaker 1: All right, but pause for a second. You would also
• 13:48
  Speaker 1: realize that, and I'm not disagreeing with you. That's why
• 13:50
  Speaker 1: I'm saying the legislation is saying that you must provide
• 13:53
  Speaker 1: the power for that data center, that they've got to
• 13:56
  Speaker 1: be self-sufficient to a large extent. That's the direction to
• 13:58
  Speaker 1: go in, like Google is doing with reopening the nuclear
• 14:04
  Speaker 1: reactor at Three Mile Island. You follow me? The one
• 14:08
  Speaker 1: that's still there. And so luckily that's been sitting idle
• 14:13
  Speaker 1: since what, the 70s, 80s? It's been sitting there for
• 14:18
  Speaker 1: a lot of years idle, but it wasn't torn down
• 14:20
  Speaker 1: so that they can put money into it and reactivate
• 14:22
  Speaker 1: it to power their data center. And then the additional
• 14:27
  Speaker 1: power will go into the grid to ease traffic. the
• 14:30
  Speaker 1: concern on consumers. That's the role model we have to
• 14:34
  Speaker 1: follow because I'm not disagreeing with you. That is a problem.
• 14:37
  Speaker 1: But keep in mind, you're a smart guy. If they
• 14:40
  Speaker 1: go anywhere on the area, which is states as far
• 14:44
  Speaker 1: as our electric grid is concerned, it's not just your
• 14:46
  Speaker 1: neighborhood or your community. It's statewide. You understand that. So
• 14:50
  Speaker 1: if we say we're not going to have them here
• 14:51
  Speaker 1: and they go over to this state, which is a
• 14:53
  Speaker 1: joining state on the same power grid, guess what? Your
• 14:56
  Speaker 1: price goes up anyway.
• 14:57
  Speaker 6: Mm-hmm.
• 14:59
  Speaker 5: Well, I'm glad you brought up Three Mile Island because
• 15:03
  Speaker 5: one possible solution to power these data centers could be
• 15:08
  Speaker 5: nuclear energy.
• 15:09
  Speaker 1: Absolutely.
• 15:11
  Speaker 5: As you mentioned, with a lot of these data centers,
• 15:16
  Speaker 5: governments say, okay, water restrictions are going to become seasonal now,
• 15:22
  Speaker 5: including for farmers and hospitals, and property taxes climb. as
• 15:29
  Speaker 5: land values shift due to industrial demand. So a lot
• 15:33
  Speaker 5: of homeowners in the area..
• 15:35
  Speaker 1: Hold that thought, Frank. Hold on. Fort Lauderdale, Frank, I'm
• 15:38
  Speaker 1: coming back with him and more of your calls. Call
• 15:40
  Speaker 1: us a line. Be patient. We'll come back right after this.
• 15:44
  Speaker 7: Youngstown's News, Weather, and Talk Station, 570 WKBN.
• 15:49
  Speaker 1: All right, so what do you... I'm trying to... Well,
• 15:54
  Speaker 1: I better sit back and try to understand your point.
• 15:56
  Speaker 1: What's your point?
• 15:58
  Speaker 5: Well, one example is the misery index went up again.
• 16:04
  Speaker 1: That's just for people listening to our program, I think.
• 16:09
  Speaker 4: Yeah.
• 16:10
  Speaker 5: Well, when the misery index goes up, the quality of
• 16:15
  Speaker 5: human life is sacrificed to the demands of industry. But,
• 16:20
  Speaker 5: you know, AI requires land, water, and energy. On an
• 16:26
  Speaker 5: enormous scale.
• 16:27
  Speaker 1: Right, but so did making steel. I mean, that's why
• 16:30
  Speaker 1: we have all the lakes around here, because it required
• 16:32
  Speaker 1: a lot of water, too, to make steel back in
• 16:34
  Speaker 1: the day. So, obviously, large factories take a lot of lands.
• 16:39
  Speaker 1: And I'm not saying that you don't look into, are
• 16:41
  Speaker 1: there any effects on our water supply and study all
• 16:45
  Speaker 1: of this stuff, because for the most part, I don't
• 16:47
  Speaker 1: think it's dirty manufacturing like that we've had in the
• 16:51
  Speaker 1: past where, These companies leave, and the sites that they're
• 16:54
  Speaker 1: on are just toxic when they go, and it costs
• 16:59
  Speaker 1: a fortune to clean up. But I don't know that
• 17:02
  Speaker 1: it's horrible.
• 17:04
  Speaker 5: Magnitude greater than steelmaking in the old industrial age. For example,
• 17:11
  Speaker 5: a single data center can circulate millions of gallons of
• 17:15
  Speaker 5: water daily, and backup diesel generators will power the facility daily.
• 17:22
  Speaker 5: during rolling brownouts and blackouts, or if the grid fails entirely.
• 17:28
  Speaker 1: Right, right. But listen, we have generators here for our
• 17:32
  Speaker 1: transmitter and stuff if there are power outages, too, as
• 17:35
  Speaker 1: hospitals have. So I don't, as I'm listening to this,
• 17:39
  Speaker 1: I'm not trying to be smart-arse with you, but so what?
• 17:41
  Speaker 5: Hospitals are secondary to the demands of data centers according
• 17:46
  Speaker 5: to the contracts that have been signed with a lot
• 17:49
  Speaker 5: of state governments. So you're aware of that?
• 17:52
  Speaker 1: Well, I'm not saying that there isn't stupidity. They can't
• 17:56
  Speaker 1: be secondary to hospitals and secondaries to everybody else or
• 18:01
  Speaker 1: secondary to individuals in homes. So is there troubling stuff
• 18:08
  Speaker 1: in some areas? Listen, if you listen to the program
• 18:12
  Speaker 1: when State Rep Dave Thomas is on, which is usually
• 18:14
  Speaker 1: once a week, we're making major changes here in the
• 18:17
  Speaker 1: state of Ohio as far as– guardrails on these data centers.
• 18:23
  Speaker 1: So we're stepping in the right direction. I don't know
• 18:25
  Speaker 1: what they're doing in Florida. All I can say to
• 18:27
  Speaker 1: you is how proud I am of DeSantis, your governor
• 18:31
  Speaker 1: down in Florida, as he was championed just the other day,
• 18:34
  Speaker 1: giving someone like you major property tax relief down there.
• 18:38
  Speaker 1: And I applaud him for that.
• 18:41
  Speaker 5: Well, I think what people don't understand is the purpose
• 18:45
  Speaker 5: of data centers is to control the population. One reason
• 18:51
  Speaker 5: we see data centers nationwide is so robot police can
• 18:57
  Speaker 5: recharge their batteries to keep a population under control.
• 19:01
  Speaker 1: It is of concern. When I hear these smart guys
• 19:04
  Speaker 1: like Musk and that kind of stuff express a concern
• 19:06
  Speaker 1: about the surveillance society, I don't think they're crazy, and
• 19:10
  Speaker 1: I don't think you're crazy in bringing it to my attention.
• 19:13
  Speaker 1: I appreciate your call. Thank you.
• 19:14
  Speaker 7: Fort Lauderdale, Frank. Back with more after this. News Radio
• 19:17
  Speaker 7: 570 WKVN. From News Radio 570 WKVN.
• 19:20
  Speaker 6: Welcome.
• 19:20
  Speaker 4: 335, 71 degrees.
• 19:20
  Speaker 1: Sunshine to you here today. You're on air. Hey there.
• 19:22
  Speaker 1: How you doing? I'm doing well. Thanks for asking. What's
• 19:31
  Speaker 1: on your mind?
• 19:32
  Speaker 8: These data centers?
• 19:33
  Speaker 9: Yes.
• 19:34
  Speaker 8: I got a problem with them, and I'm going to
• 19:36
  Speaker 8: tell you the one major problem that I have with
• 19:38
  Speaker 8: them is that they got to have fresh water. The
• 19:41
  Speaker 8: other major problem is just the security. Once you get
• 19:45
  Speaker 8: into those data centers, people can jump in there and
• 19:48
  Speaker 8: take all the information they want to you. That's what
• 19:52
  Speaker 8: bothers me. There's no, there's nothing there stopping them because
• 19:55
  Speaker 8: that's what's going on today.
• 19:57
  Speaker 1: Now, let me ask you this old timer. Now, just
• 19:59
  Speaker 1: settle down. You don't think today, I mean, if based
• 20:03
  Speaker 1: on what you're saying, I don't know that we would
• 20:05
  Speaker 1: even have the internet. But I don't think I have
• 20:08
  Speaker 1: much privacy today. Forget the data centers. Just based on
• 20:13
  Speaker 1: the Internet. If I Google search something, I start getting
• 20:16
  Speaker 1: ads about it. I mean, they know what I'm searching.
• 20:19
  Speaker 1: They can tell where I'm at on my cell phone.
• 20:22
  Speaker 1: I mean, physically where I'm located. I mean, I don't
• 20:26
  Speaker 1: know that you have, I bet you would be shocked
• 20:30
  Speaker 1: how much is known about you in some database that
• 20:33
  Speaker 1: already exists as a result of all like computerization that
• 20:37
  Speaker 1: goes on. I don't know if you've ever received those letters. Hey,
• 20:40
  Speaker 1: we had a data breach and unfortunately they got your
• 20:44
  Speaker 1: social security number and all this type of personal information
• 20:47
  Speaker 1: and I've had numerous ones over the years. So even
• 20:51
  Speaker 1: your most personal information gets hijacked already. So you think
• 20:56
  Speaker 1: it's going to be any worse than what it is already?
• 20:58
  Speaker 1: I don't think I have any privacy.
• 21:01
  Speaker 8: Well, that's even going to be that much more open.
• 21:05
  Speaker 8: The more data centers that are out there, the much
• 21:07
  Speaker 8: more open that they can get into your information.
• 21:11
  Speaker 1: I'm going to tell you what I'm concerned about, if
• 21:14
  Speaker 1: you're talking about this. I am concerned about if we
• 21:17
  Speaker 1: ever go to a digital currency, because that gives the
• 21:21
  Speaker 1: government control over you. We saw it with the Canadian
• 21:24
  Speaker 1: truck drivers. I'm totally opposed to going to a digital currency.
• 21:29
  Speaker 1: And do I have concerns over what you would call
• 21:34
  Speaker 1: a surveillance state with data centers? Well, you're damn right
• 21:38
  Speaker 1: I do. But I think there's a lot of that
• 21:40
  Speaker 1: going on now. I don't know how much privacy. There's
• 21:44
  Speaker 1: cameras everywhere. You walk in any store, they got a
• 21:47
  Speaker 1: great video picture of you anymore going in, going out
• 21:50
  Speaker 1: in the parking lots. Everybody's got a ring camera on
• 21:53
  Speaker 1: their house. So there's not a whole lot of privacy
• 21:56
  Speaker 1: that you have now.
• 21:58
  Speaker 8: But the privacy that you have is to yourself.
• 22:00
  Speaker 1: I don't know.
• 22:01
  Speaker 8: When I got to call somebody up and I get
• 22:03
  Speaker 8: somebody on the other side of the pond, I ain't
• 22:05
  Speaker 8: got to talk to them people. One thing, they don't
• 22:08
  Speaker 8: understand which way to go. And I end up having
• 22:11
  Speaker 8: to talk to somebody here stateside instead of going in
• 22:15
  Speaker 8: the airwaves, going in a cable where they can get
• 22:21
  Speaker 8: going to. But when I get these notifications like you
• 22:24
  Speaker 8: talk about, well, somebody just got into our stuff, and
• 22:28
  Speaker 8: we believe they got your private information. First thing I
• 22:33
  Speaker 8: do is I get on the phone, and I start
• 22:34
  Speaker 8: making phone calls. Did they get mine? That's all I
• 22:39
  Speaker 8: want to know. Did they get mine?
• 22:41
  Speaker 4: Yes. Yes.
• 22:42
  Speaker 1: Usually when you get those letters, it means they did.
• 22:46
  Speaker 1: And they'll say stuff like, well, they could have got
• 22:49
  Speaker 1: your social security number and some of this other information
• 22:52
  Speaker 1: about you. How many of you listening? I've gotten countless
• 22:56
  Speaker 1: letters over the years of that. And it's very depressing
• 23:01
  Speaker 1: because all your personal information's floating around out there. And
• 23:07
  Speaker 1: so I understand what you're saying, that it can get
• 23:09
  Speaker 1: worse with the data centers. But it's technology. You cannot
• 23:14
  Speaker 1: fight what's ahead. You can't fight progress.
• 23:19
  Speaker 8: I'm not trying to fight progress. I just want common sense.
• 23:23
  Speaker 8: Like I said, if I get a letter, I don't
• 23:26
  Speaker 8: take it on the phone call. I get it on
• 23:27
  Speaker 8: the letter, and then I call. And then I find
• 23:30
  Speaker 8: out whether they got any of my information. And then
• 23:33
  Speaker 8: that holds that company responsible. And they know that. That's
• 23:38
  Speaker 8: why they tighten up on that stuff.
• 23:41
  Speaker 1: Okay.
• 23:42
  Speaker 8: To go after it, as far as these coals, you
• 23:45
  Speaker 8: want your grandkids, your great-grandkids breathing in lead and stuff
• 23:51
  Speaker 8: like that that's put in the air from these coal furnaces?
• 23:56
  Speaker 1: Well, that's a misconception. The Samus plant... was state-of-the-art technology
• 24:03
  Speaker 1: with the scrubbers understand exactly what you're saying because i
• 24:07
  Speaker 1: was around during acid rain and all that stuff too
• 24:10
  Speaker 1: but the technology that advanced what was coming out that
• 24:13
  Speaker 1: smokestack was dramatically different than it was back in the
• 24:16
  Speaker 1: day you're talking about So we ripped down a perfectly fine,
• 24:20
  Speaker 1: state-of-the-art coal plant because of Obama, Biden, the green energy people,
• 24:26
  Speaker 1: the war on coal. So they ripped down, listen to me,
• 24:31
  Speaker 1: state-of-the-art technology on that plant. They ripped it down. They
• 24:35
  Speaker 1: shut it down. They regulated it out. Then they insisted
• 24:38
  Speaker 1: it be torn down so it couldn't be turned back on.
• 24:41
  Speaker 1: And they didn't have anything to replace the power it generated,
• 24:46
  Speaker 1: and they still don't.
• 24:49
  Speaker 8: Okay, well, there was one right outside of Niles here.
• 24:52
  Speaker 8: And you can always tell when the scrubbers were being used.
• 24:55
  Speaker 8: It was early in the morning, like between 2 and 6.
• 25:00
  Speaker 8: And then you could look out. People would be having
• 25:02
  Speaker 8: to be up and out moving. And you look, and
• 25:04
  Speaker 8: you see the cloud was all full when they were
• 25:07
  Speaker 8: cleaning out them scrubbers. And that plant shut down, and
• 25:11
  Speaker 8: they never came up with anything. They should have been
• 25:13
  Speaker 8: thinking about that instead of trying to screw the people
• 25:15
  Speaker 8: up in the state of Ohio for all that money.
• 25:18
  Speaker 8: that they wanted to get off of us that they
• 25:22
  Speaker 8: got taken to court for. We're going to sit back
• 25:25
  Speaker 8: there because the only way you're going to get them
• 25:26
  Speaker 8: plants is if somebody, if the state or the federal
• 25:30
  Speaker 8: government comes in and says, here, we'll help you. Was
• 25:32
  Speaker 8: anybody going to help pay for my roof?
• 25:35
  Speaker 10: No.
• 25:36
  Speaker 8: I just got to keep paying for them people so
• 25:38
  Speaker 8: they can make millions and billions of dollars.
• 25:41
  Speaker 1: Well, listen, you probably don't use a lot of technology
• 25:45
  Speaker 1: because you're so old, right? I mean, you probably... Don't
• 25:48
  Speaker 1: even know how to use the internets.
• 25:51
  Speaker 4: Oh, yes, I do.
• 25:52
  Speaker 6: Now, come on.
• 25:54
  Speaker 1: You're telling me that you have Gmail?
• 25:58
  Speaker 11: Oh, yeah.
• 25:59
  Speaker 8: I don't know what his name is. I just know
• 26:01
  Speaker 8: it's Gmail.
• 26:02
  Speaker 1: Okay, you're telling me, though, that you use the internets.
• 26:05
  Speaker 1: Do you have a Pornhub account?
• 26:08
  Speaker 8: Why would I need one of them?
• 26:09
  Speaker 1: I'm just asking if you use the internets.
• 26:12
  Speaker 8: I have the basic necessities. I don't need all that
• 26:14
  Speaker 8: other junk.
• 26:15
  Speaker 1: All right.
• 26:17
  Speaker 8: I mean, just the basic necessities. I don't understand why
• 26:21
  Speaker 8: this is all there. I'm just afraid of the information
• 26:24
  Speaker 8: that's on my phone. Somebody possibly could get into that,
• 26:28
  Speaker 8: and I try to set it up so it can't
• 26:30
  Speaker 8: be the best of my ability. That's all.
• 26:34
  Speaker 1: All right. I mean, technology's happening, old-timer. You're not going
• 26:40
  Speaker 1: to stop it.
• 26:41
  Speaker 8: I understand that. I understand that. I mean, my God,
• 26:43
  Speaker 8: when we went from vehicles that were only getting 10,
• 26:45
  Speaker 8: 11 miles to a gallon What do we got today?
• 26:48
  Speaker 4: Yeah.
• 26:49
  Speaker 1: You had 6,000 pounds of Detroit pig iron going down
• 26:52
  Speaker 1: the road, and now it's less than 3,000 pounds. We
• 26:55
  Speaker 1: don't have carburetors. We have fuel injection, radial tires. I mean,
• 26:59
  Speaker 1: look at the technology that we have today. And some
• 27:02
  Speaker 1: of that technology that you talk about very well could
• 27:05
  Speaker 1: save your life.
• 27:07
  Speaker 11: It has.
• 27:08
  Speaker 1: Robotics that we do in surgery and stents that can
• 27:11
  Speaker 1: be put in that way without evasive surgery and things
• 27:14
  Speaker 1: like that. It's amazing.
• 27:15
  Speaker 8: I understand that, but what I'm saying is this data stuff,
• 27:19
  Speaker 8: data stuff, data stuff. If it works best in cold areas,
• 27:25
  Speaker 8: why aren't they running to North Dakota, South Dakota, Utah, Wyoming?
• 27:30
  Speaker 1: I'm sure they are. I mean, you've got to be
• 27:33
  Speaker 1: located all over the country. I'm just saying we are
• 27:36
  Speaker 1: an ideal spot for this to be. Just keep that
• 27:39
  Speaker 1: in consideration. We're the ideal spot. You're not going to
• 27:43
  Speaker 1: have to worry about it. How much longer do you
• 27:45
  Speaker 1: possibly have?
• 27:46
  Speaker 8: Good God, I don't know. Maybe a couple months. Maybe
• 27:51
  Speaker 8: a couple months with this data center burning.
• 27:54
  Speaker 12: My brain out.
• 27:56
  Speaker 8: It gets me all worked up there. My blood pressure
• 27:58
  Speaker 8: goes up.
• 27:58
  Speaker 6: My cholesterol goes up.
• 28:01
  Speaker 13: I know.
• 28:01
  Speaker 6: I know.
• 28:02
  Speaker 8: I know what you're talking about. And my wife over there,
• 28:06
  Speaker 8: she's going, what? I know she's listening to you.
• 28:14
  Speaker 1: She needs to learn how to roll with the punches.
• 28:16
  Speaker 1: You're a good sport.
• 28:17
  Speaker 12: Oh, no.
• 28:18
  Speaker 8: Don't be starting that now. Otherwise, I'll be the punching bag.
• 28:21
  Speaker 1: Oh, I know. I enjoy your call. Thank you for
• 28:23
  Speaker 1: making it. Appreciate it. All right, NewsRadio 570, WKVN, you're
• 28:27
  Speaker 1: on the air.
• 28:29
  Speaker 12: Hey, Ron, good afternoon. What a gorgeous, gorgeous day out.
• 28:32
  Speaker 1: It's phenomenal.
• 28:34
  Speaker 12: Perfect day to be off, and I've enjoyed it immensely.
• 28:40
  Speaker 12: One takeaway that I came back with yesterday from listening
• 28:42
  Speaker 12: to Dave Thomas, I think he has bigger political aspirations
• 28:49
  Speaker 12: in his future. Or even if he doesn't have the aspirations,
• 28:52
  Speaker 12: I think he should. Because he's probably the most effective
• 28:56
  Speaker 12: elected representative that I can remember in my lifetime for
• 28:59
  Speaker 12: this area.
• 29:00
  Speaker 1: Why do you think I have him on almost once
• 29:03
  Speaker 1: a week? I mean, that's the sole reason. In my
• 29:06
  Speaker 1: 41 years sitting at this radio station, I have never
• 29:09
  Speaker 1: seen a state representative working harder, doing more for people.
• 29:14
  Speaker 1: I can tell you this, over all my years working,
• 29:17
  Speaker 1: Most politicians, other than collect a paycheck, I can't think
• 29:19
  Speaker 1: of anything they've done for me. Dave Thomas is the
• 29:22
  Speaker 1: exception to that. He's phenomenal.
• 29:25
  Speaker 11: Oh, yeah.
• 29:25
  Speaker 12: I mean, there are other good ones. I mean, I
• 29:27
  Speaker 12: think Ralph Meacham does a fantastic job. You know, I
• 29:31
  Speaker 12: think he's actually..
• 29:33
  Speaker 1: Well, I'm talking state reps.
• 29:36
  Speaker 12: Oh, state rep. Oh, yeah. State rep. It's not even
• 29:37
  Speaker 12: a contest. It's not even... oh, I don't know. Bob
• 29:41
  Speaker 12: Hagan was pretty darn good. That's a hard role model to.
• 29:44
  Speaker 1: Have to live up to, don't you think? You're smoking
• 29:47
  Speaker 1: weed with J.J. at this point in time, if you
• 29:49
  Speaker 1: actually believe that.
• 29:51
  Speaker 12: No. I'm from being facetious. He's one of the worst
• 29:54
  Speaker 12: representatives I can ever remember in my lifetime.
• 29:57
  Speaker 1: I just learned the meaning of that word the other day.
• 29:59
  Speaker 1: You're being facetious when my wife calls me Einstein. She's
• 30:02
  Speaker 1: being sarcastic, they say. I thought it was a compliment.
• 30:05
  Speaker 12: Yeah, she's being facetious.
• 30:06
  Speaker 1: Yeah. All right.
• 30:08
  Speaker 12: So in all honesty, I think he's just I hope
• 30:11
  Speaker 12: to God he has higher political aspirations because I would
• 30:14
  Speaker 12: love to see him at bare minimum, you know, treasurer,
• 30:17
  Speaker 12: auditor or something like that, preferably governor. I think he
• 30:21
  Speaker 12: actually is one of the few politicians, in my opinion,
• 30:24
  Speaker 12: that's actually trying to look out for his constituents the
• 30:27
  Speaker 12: way an elected official should.
• 30:30
  Speaker 10: So kudos to him.
• 30:31
  Speaker 1: Yeah, with that being said, though, take a look at DeWine.
• 30:33
  Speaker 1: DeWine has screwed us out of $ 2 billion. Why on
• 30:36
  Speaker 1: God's green earth would you give data centers a break
• 30:40
  Speaker 1: so they don't have to pay sales tax? So Richard
• 30:42
  Speaker 1: Pharmacist goes out and buys lumber for a new deck,
• 30:46
  Speaker 1: and you've got to pay it, but the data center
• 30:47
  Speaker 1: doesn't have to for all the materials it has to buy.
• 30:51
  Speaker 1: This is ridiculous.
• 30:53
  Speaker 12: Well, no, I mean, and you could have used that money.
• 30:56
  Speaker 12: What's the number one issue? Property tax.
• 30:58
  Speaker 9: Yep.
• 30:58
  Speaker 12: That's the number one issue. You could have used that
• 31:00
  Speaker 12: to at least roll back some of the property tax.
• 31:03
  Speaker 1: How about..
• 31:03
  Speaker 12: Instead, what's DeWine do? Dave Thomas works his tail off,
• 31:07
  Speaker 12: gets really good legislation to help address the property tax
• 31:10
  Speaker 12: stuff passed, and what's DeWine do? He wine item vetoes it.
• 31:14
  Speaker 12: He should be impeached.
• 31:15
  Speaker 1: And then he says, well, I kind of regret that.
• 31:19
  Speaker 1: But who's trying to solve this? DeWine puts a pause
• 31:23
  Speaker 1: on it when the information comes out, like it did yesterday.
• 31:26
  Speaker 1: Interesting timing. He puts a pause on it. And then
• 31:29
  Speaker 1: I say to myself, hmm, but Dave Thomas is trying
• 31:33
  Speaker 1: to make sure he can't unpause it. And that's what
• 31:35
  Speaker 1: I love about Dave Thomas.
• 31:37
  Speaker 4: Yep.
• 31:38
  Speaker 8: Yep.
• 31:38
  Speaker 9: Yeah.
• 31:39
  Speaker 12: No, I mean, it's just he's a breath of fresh air.
• 31:42
  Speaker 12: So I just wanted to– I did want to say that.
• 31:44
  Speaker 12: That was the one big takeaway I had. I thought
• 31:46
  Speaker 12: G2' s commentary last night was spot on.
• 31:48
  Speaker 1: I mean, I could listen to him talk when he's
• 31:56
  Speaker 1: talking about so much of the areas that we were
• 32:00
  Speaker 1: covering last night. It's just– it's absolutely fascinating.
• 32:03
  Speaker 12: He's just so well-read. He's so well-read, so informed.
• 32:06
  Speaker 1: A lot of life experience there. A lot of life experience.
• 32:09
  Speaker 12: There's– There's that, but I mean, it's more than just
• 32:12
  Speaker 12: life experience. He actually, you couldn't know, have the knowledge
• 32:15
  Speaker 12: that he has without seeking it.
• 32:17
  Speaker 4: Right. So, you know, it's, I.
• 32:21
  Speaker 12: Try to keep, make myself informed, but I don't have
• 32:24
  Speaker 12: the time to be informed at the level that he is.
• 32:26
  Speaker 13: Right.
• 32:27
  Speaker 12: But it's just, you know, it's refreshing. Another thing that's
• 32:29
  Speaker 12: refreshing to hear is somebody that takes the time and
• 32:32
  Speaker 12: is so well informed about the world that he can
• 32:34
  Speaker 12: make very cogent opinions and, you know, He's another great
• 32:42
  Speaker 12: guest you have.
• 32:42
  Speaker 1: I reached the same conclusion. I said, boy, when I
• 32:45
  Speaker 1: listen to G2, he makes Rich sound like a dummy.
• 32:50
  Speaker 4: No.
• 32:52
  Speaker 12: I never purport to know everything. I try to be well-read,
• 32:56
  Speaker 12: but there's only so many hours in the day and
• 32:58
  Speaker 12: so much time in my schedule.
• 33:00
  Speaker 1: I'm teasing. Come on.
• 33:04
  Speaker 12: Oh, I know. But, I mean, it's just refreshing. Those
• 33:07
  Speaker 12: two are particularly refreshing. One thing that does concern me
• 33:11
  Speaker 12: today is it looks like they've reached some type of
• 33:15
  Speaker 12: a framework to extend the ceasefire. But it doesn't include
• 33:20
  Speaker 12: why we initially started this fiasco, which was to get
• 33:24
  Speaker 12: Iran's nuclear program under control and get our hands on
• 33:28
  Speaker 12: that highly enriched uranium. If you keep picking that can
• 33:32
  Speaker 12: down the road, then what was the point of this
• 33:34
  Speaker 12: whole exercise? It then becomes an exercise in futility, in
• 33:37
  Speaker 12: my opinion.
• 33:38
  Speaker 1: You defined it better than anybody I think could define it.
• 33:41
  Speaker 1: And I stole your word. It's a quagmire. Isn't that
• 33:45
  Speaker 1: the word you used?
• 33:46
  Speaker 12: I mean, it's... I've turned into.
• 33:50
  Speaker 1: I blame Trump. He should have never got into this
• 33:52
  Speaker 1: to begin with. This is a whole different realm. This
• 33:55
  Speaker 1: is a nation of 93 million people.
• 33:58
  Speaker 4: And..
• 34:01
  Speaker 1: They didn't attack us that brought this on. It's a
• 34:06
  Speaker 1: nation of 93 million people, and I just think it's
• 34:09
  Speaker 1: causing a lot of economic devastation and potentially more. I
• 34:12
  Speaker 1: was talking yesterday, and I would say this to you.
• 34:15
  Speaker 1: Some of these economic gurus are talking that you could
• 34:18
  Speaker 1: see 6% inflation in the second quarter. 6%. And when
• 34:24
  Speaker 1: I look at these commodities.
• 34:25
  Speaker 12: We were under Biden, and that was only a couple
• 34:26
  Speaker 12: of years ago.
• 34:27
  Speaker 1: Yeah, but that's 6% on top of your existing inflation.
• 34:31
  Speaker 1: So prices just keep going up higher. And then when
• 34:34
  Speaker 1: they're talking about the people that follow this, if you
• 34:37
  Speaker 1: read these people, there's basically an oil shortage. I mean,
• 34:41
  Speaker 1: there is a major problem coming. I mean, I've learned
• 34:45
  Speaker 1: so much about oil. We have 375 million gallons, barrels,
• 34:49
  Speaker 1: I should say, in our strategic oil reserves. China has
• 34:52
  Speaker 1: one billion barrels. But we're all drawing on these barrels
• 34:57
  Speaker 1: to artificially keep prices low right now. Well, if you
• 35:01
  Speaker 1: stop doing that, what would the actual price be in
• 35:03
  Speaker 1: the oil market? And what would gas be costing? Because
• 35:07
  Speaker 1: how long can you continue to do that? And then
• 35:10
  Speaker 1: they're saying, well, you got all of these things need
• 35:12
  Speaker 1: to be refilled. It's it's not a good scenario.
• 35:17
  Speaker 12: Well, before the war, there was an oil surplus, which
• 35:20
  Speaker 12: is why prices were so low.
• 35:22
  Speaker 1: Stand by.
• 35:23
  Speaker 6: Stand by.
• 35:24
  Speaker 1: Stand by. Rich, the pharmacist, more of your calls. Be patient.
• 35:27
  Speaker 1: Coming up. Stay tuned.
• 35:29
  Speaker 7: News Radio 570 WKBN.
• 35:32
  Speaker 1: One of the things when you're talking about G2, and
• 35:34
  Speaker 1: I would put this out to you that I find
• 35:37
  Speaker 1: troubling to me when people are talking about data centers
• 35:39
  Speaker 1: and that kind of stuff. The thing that I'm most
• 35:42
  Speaker 1: concerned about is that I'm a firm believer, as I
• 35:45
  Speaker 1: turn into Art Bell, that this tick that bites you
• 35:50
  Speaker 1: and you no longer can eat meat and you're repulsed
• 35:53
  Speaker 1: by it, it's just interesting timing. And I sincerely believe
• 35:57
  Speaker 1: that that was created in the lab as well and released.
• 36:02
  Speaker 1: And it's a major problem. I mean, if you get
• 36:04
  Speaker 1: bit by it, your desire to eat meat is just vanished.
• 36:09
  Speaker 1: And I think when you look at these nuts like
• 36:11
  Speaker 1: Bill Gates and these people that try to prevent you
• 36:14
  Speaker 1: from having that type of disease, appetite for that meat
• 36:18
  Speaker 1: and that kind of stuff, they're anti-meat, and that would
• 36:21
  Speaker 1: surprise me if that was created. Would you agree with that?
• 36:24
  Speaker 12: Well, I don't know that it was created. I think
• 36:27
  Speaker 12: nature probably created it, sort of like the COVID virus
• 36:30
  Speaker 12: nature probably created, but then man can take and enhance it.
• 36:34
  Speaker 12: That's what Fauci was doing over in China, wanted to
• 36:37
  Speaker 12: escape from there. They're trying to increase its virility or
• 36:43
  Speaker 12: its ability to I don't quite understand sometimes why they
• 36:49
  Speaker 12: do that with such lethal pathogens, but apparently there's a
• 36:53
  Speaker 12: market for it and there's a demand for it, so
• 36:55
  Speaker 12: it gets done.
• 36:55
  Speaker 1: Yeah, but Lyme disease, like I say, that was a
• 36:58
  Speaker 1: lab created by, I think, the military over there in
• 37:01
  Speaker 1: New York, and it got off that island. Of course,
• 37:04
  Speaker 1: they deny all of this stuff in Rocky Mountain Spotted Fever.
• 37:07
  Speaker 1: all to go after the enemies, and it gets off
• 37:11
  Speaker 1: the island. And look at the mess that we have today.
• 37:12
  Speaker 1: I mentioned I had a cousin who died from Rocky
• 37:14
  Speaker 1: Mountain spotted fever when he was bit by a tick.
• 37:17
  Speaker 1: And now you're starting to read about a lot of
• 37:19
  Speaker 1: farmers that are out in tall grass. I mean, they're farmers.
• 37:22
  Speaker 1: They get bit by this tick, and they can't even
• 37:25
  Speaker 1: eat their own beef that they're raising anymore because of
• 37:28
  Speaker 1: the effect that it has on them. I just think
• 37:30
  Speaker 1: there's a lot of evil.
• 37:31
  Speaker 12: There's a lot of reports, too, of Chinese students here
• 37:34
  Speaker 12: bringing in different things that can hurt our farm. Different viruses,
• 37:39
  Speaker 12: crop viruses that could be devastating to agriculture.
• 37:42
  Speaker 8: Right.
• 37:42
  Speaker 12: You know, bioweapons, agricultural-type weapons. That's been going on since...
• 37:47
  Speaker 12: you know, the dawn of warfare. When they used to
• 37:49
  Speaker 12: use smallpox, they'd take smallpox-infected bodies and catapult them over
• 37:53
  Speaker 12: the walls in the cities that were under siege to
• 37:55
  Speaker 12: spread smallpox. So it's not a new thing. You know,
• 37:59
  Speaker 12: it's kind of reprehensible, but, you know, you're always, I guess,
• 38:02
  Speaker 12: looking for an advantage over your opponent.
• 38:04
  Speaker 1: Yeah, but, you know, stuff like that gets out, and
• 38:07
  Speaker 1: so that bio-warfare stuff, it never stops where they would
• 38:13
  Speaker 1: like to think it stops.
• 38:14
  Speaker 12: All right, Rich.
• 38:15
  Speaker 1: Is that it?
• 38:16
  Speaker 12: Take care, Ron.
• 38:16
  Speaker 1: All right. We'll be back.
• 38:21
  Speaker 13: From ABC News, I'm Michelle Franson. A possible draft to
• 38:26
  Speaker 13: extend the ceasefire between the U.S. and Iran has been
• 38:29
  Speaker 13: reached along with reopening the Strait of Hormuz. But final
• 38:32
  Speaker 13: approval by President Trump and Iran's leader is still needed. That,
• 38:35
  Speaker 13: according to Treasury Secretary Scott Besant at today's briefing.
• 38:38
  Speaker 2: Everything depends on what the president wants to do. And
• 38:42
  Speaker 2: President Trump is not going to make a bad deal
• 38:45
  Speaker 2: for the American people, for the U.S.
• 38:48
  Speaker 13: The continued blockade driving up oil and gas prices for weeks.
• 38:52
  Speaker 13: The Commerce Department figures show inflation is up 3.8 percent
• 38:56
  Speaker 13: from this time last year. A separate report finding more
• 38:59
  Speaker 13: Americans are going hungry now at the height... than at
• 39:02
  Speaker 13: the height of the pandemic. ABC's Rebecca Jarvis has details.
• 39:05
  Speaker 14: This new report from the New York Fed shows what
• 39:08
  Speaker 14: they call a remarkable rise in food insecurity, especially among
• 39:12
  Speaker 14: those living paycheck to paycheck. And it's especially troubling because
• 39:16
  Speaker 14: it impacts those with young children. Between late 2025 and
• 39:20
  Speaker 14: early 2026, there was a sharp rise in households reporting
• 39:24
  Speaker 14: that they had to skip meals, use food banks, and
• 39:27
  Speaker 14: rely on SNAP benefits or dip into savings to cover
• 39:29
  Speaker 14: their gross which are now 2.9% more expensive than a
• 39:32
  Speaker 14: year ago.
• 39:33
  Speaker 13: New details about a CIA official who's arrested and accused
• 39:37
  Speaker 13: of defrauding the government. ABC's Olivia Rubin says the case
• 39:40
  Speaker 13: involves the discovery of gold bars and questions about this past.
• 39:45
  Speaker 15: $ 40 million worth of gold bars were found inside the
• 39:48
  Speaker 15: home of a former senior CIA official who's now accused
• 39:52
  Speaker 15: of lying about his past. Federal agents say they raided
• 39:55
  Speaker 15: the Virginia home of David Rush and uncovered more than
• 39:59
  Speaker 15: 300 gold bars, along with millions of dollars in cash
• 40:03
  Speaker 15: and dozens of luxury watches. Court documents describe Rush as a, quote,
• 40:07
  Speaker 15: former senior executive service level employee with a top secret
• 40:11
  Speaker 15: security clearance.
• 40:12
  Speaker 13: ABC's Olivia Rubin. On Wall Street today, stocks ending up.
• 40:17
  Speaker 13: You're listening to ABC News.
• 40:22
  Speaker 1: WKBN. IDO 407 in the afternoon, 72 degrees on a
• 40:26
  Speaker 1: picture-perfect Thursday afternoon. Ron Verblit, you're taking your calls till 5.
• 40:31
  Speaker 1: Legal show 5 to 6 tonight. And Money Talks with
• 40:35
  Speaker 1: John Arnold, 6 to 7 tonight on NewsRadio 570 WKBN. Welcome,
• 40:38
  Speaker 1: you're on the air.
• 40:40
  Speaker 11: Ron, you're the voice of Youngstown Warren.
• 40:43
  Speaker 1: Sharon in Newcastle, too.
• 40:44
  Speaker 16: Yeah, you're more than just the news. You're talking, we're
• 40:48
  Speaker 16: listening here on 570 WKB. And I caught yesterday a
• 40:52
  Speaker 16: little bit of when you and Dave Thomas were talking.
• 40:56
  Speaker 16: And did I hear him say that you were at
• 40:59
  Speaker 16: the Capitol yesterday in front of the Capitol?
• 41:00
  Speaker 3: The Capitol?
• 41:03
  Speaker 1: No, no. You did not hear that. You know what
• 41:09
  Speaker 1: you're saying, right? You're taking a cheap shot.
• 41:12
  Speaker 16: Yeah, anywho, so I'm a little torn on the data
• 41:16
  Speaker 16: center thing. I don't want to get to that, but
• 41:17
  Speaker 16: I was listening in the first hour here, and I
• 41:20
  Speaker 16: heard the concerns a lot. A lot of people are
• 41:21
  Speaker 16: worried about their own personal security. Number one, if you're
• 41:24
  Speaker 16: worried about your security, you should have all three of
• 41:26
  Speaker 16: your credit agency locked. You're like Equifax, TransUnion, all those.
• 41:32
  Speaker 16: You should have a credit freeze on those. So number one,
• 41:34
  Speaker 16: so nobody can steal your identity, open up a credit
• 41:37
  Speaker 16: card and mortgage all those things. The cameras that you're
• 41:40
  Speaker 16: talking about everywhere, you know there's two flock cameras. Right
• 41:44
  Speaker 16: when you leave your station there, between when you get
• 41:47
  Speaker 16: on 680, there's two of them right there watching everything
• 41:50
  Speaker 16: you do, if you don't know about flock cameras. And
• 41:53
  Speaker 16: then everybody talking about everybody watching their stuff. The terms
• 41:56
  Speaker 16: of agreement that you have on your iPhone, nobody reads that.
• 41:59
  Speaker 16: You scroll through the 20 pages and.
• 42:01
  Speaker 17: You hit accept.
• 42:03
  Speaker 11: The thing is, you don't have a choice to live in.
• 42:05
  Speaker 16: A normal society anymore. to give up a lot of
• 42:08
  Speaker 16: your quote-unquote rights, or you just can't function in today's
• 42:11
  Speaker 16: day and age.
• 42:12
  Speaker 4: So, I mean, what are you to do?
• 42:15
  Speaker 12: It's tough.
• 42:16
  Speaker 16: You go through page 18 of the iPhone Terms of Use.
• 42:21
  Speaker 16: They know what you want before you know what you
• 42:23
  Speaker 16: want because they're so good at marketing and advertising. Target
• 42:26
  Speaker 16: knows you're pregnant before you do. There was one I
• 42:28
  Speaker 16: heard a long time ago. Depending on how you shake
• 42:31
  Speaker 16: your cursor, they could sell that data for Parkinson's medication
• 42:35
  Speaker 16: to you, and it's crazy things that you wouldn't even
• 42:37
  Speaker 16: think of. So that's the whole security thing. You hit
• 42:41
  Speaker 16: the point.
• 42:41
  Speaker 11: I'm not going to touch base on it, but digital currencies,
• 42:44
  Speaker 11: that's the best thing that can happen to us in
• 42:46
  Speaker 11: one way, not the other. There's more crime that's committed
• 42:49
  Speaker 11: nowadays with the dollar than anything else.
• 42:52
  Speaker 17: So that's a whole other story. I won't get into
• 42:53
  Speaker 17: it right now.
• 42:54
  Speaker 16: But the data center thing, I'm a little torn on
• 42:57
  Speaker 16: because I hear your points of view, and I disagree
• 43:02
  Speaker 16: with some of them also. So if you hear me out,
• 43:07
  Speaker 16: if I could play the role of the big tech
• 43:09
  Speaker 16: CEO and you play the role of the governor, I
• 43:13
  Speaker 16: call you and say, hi, Governor Ron. I'd like to
• 43:15
  Speaker 16: build a data center there, but here's the thing. I
• 43:17
  Speaker 16: don't want to pay any sales tax or property tax.
• 43:21
  Speaker 1: Well, then you're not going to be building it here.
• 43:23
  Speaker 12: Okay.
• 43:24
  Speaker 16: And then I call every other state in the United
• 43:27
  Speaker 16: States who is giving the exact same thing.
• 43:29
  Speaker 4: Because I looked.
• 43:30
  Speaker 16: After you and Dave Thomas were talking, and this is
• 43:32
  Speaker 16: a common thing that was going on in Ohio to
• 43:35
  Speaker 16: give the sales tax, you know, forget that. The property tax,
• 43:39
  Speaker 16: forget that. So if you don't build it in this state,
• 43:42
  Speaker 16: you build it in another. And I understand the concern with,
• 43:45
  Speaker 16: you know, where the energy is.
• 43:46
  Speaker 1: Okay, now pause for a second. Then my attitude is,
• 43:50
  Speaker 1: then go build it in another. Listen, Ohio... is a
• 43:55
  Speaker 1: prime spot. If you want to build it in Ohio,
• 43:58
  Speaker 1: I'll say we've got the weather, we've got transmission lines,
• 44:00
  Speaker 1: we've got two natural gas power plants. Lordstown is a
• 44:02
  Speaker 1: sweet spot. And the reality is, if you want to say,
• 44:06
  Speaker 1: unless we get all these tax abatements, we're not going
• 44:09
  Speaker 1: to build here, then my attitude is, okay, then go
• 44:11
  Speaker 1: build somewhere else.
• 44:12
  Speaker 16: Okay, so here's my, and I'm not disagreeing with you,
• 44:15
  Speaker 16: but I just want to have a little pushback from it,
• 44:17
  Speaker 16: because I heard Dave Thomas say before, If they build
• 44:20
  Speaker 16: it just across the state line into Pennsylvania, okay, where
• 44:23
  Speaker 16: you're also the voice of, then we're not going to
• 44:26
  Speaker 16: get anything from it. Now, you do get some economic,
• 44:30
  Speaker 16: you know, increase from the construction, all those things. What
• 44:34
  Speaker 16: you've talked a lot about before is the network effect.
• 44:37
  Speaker 16: But here's my concern.
• 44:38
  Speaker 11: Is this something that we look back on, be it,
• 44:42
  Speaker 11: I don't know, 10 years, 20 years, and we say,
• 44:44
  Speaker 11: I cannot believe we did not let this data center
• 44:47
  Speaker 11: be built here? The one in Lordstown, the footprint of it,
• 44:50
  Speaker 11: it's huge. But in the grand scheme of data centers,
• 44:54
  Speaker 11: it's actually kind of small. The one that they're wanting
• 44:56
  Speaker 11: to build in Utah, it's 40,000 acres, 62 square miles.
• 45:01
  Speaker 11: So we're on the same grid in this area. So, yes,
• 45:04
  Speaker 11: the power is right there.
• 45:05
  Speaker 16: But like Dave Thomas said, too, if you build it
• 45:08
  Speaker 16: anywhere else, we're on the same grid. It's not like
• 45:10
  Speaker 16: our energy prices are going to go up. The whole
• 45:12
  Speaker 16: grid of energy prices are.
• 45:13
  Speaker 12: Going to go up.
• 45:14
  Speaker 16: We're going to find a way to get the energy
• 45:15
  Speaker 16: one way or the other. You know, these data centers,
• 45:18
  Speaker 16: remember when Elon Musk, when everybody was, you know, pissed
• 45:20
  Speaker 16: at him and they were firebombing the dealerships? If everybody
• 45:24
  Speaker 16: sees this society where AI just takes over, do you
• 45:26
  Speaker 16: know what's going to happen to the AI data centers?
• 45:29
  Speaker 16: Do you know what kind of security they're going to
• 45:30
  Speaker 16: have to have there just to maintain their operations? It's
• 45:33
  Speaker 16: going to employ probably a lot of people, too. There's
• 45:36
  Speaker 16: things I can't even foresee or comprehend the downstream effects of,
• 45:39
  Speaker 16: you know, economic growth or what it might employ. I
• 45:42
  Speaker 16: just don't want to be sitting here where I live
• 45:44
  Speaker 16: and say 10 years from now, 20 years from now,
• 45:46
  Speaker 16: I cannot believe we gave this up because it's not
• 45:49
  Speaker 16: like every other state is saying, hey, you're going to
• 45:52
  Speaker 16: pay for this, you're going to pay for that, you're
• 45:53
  Speaker 16: not coming here. You can look at almost every single state.
• 45:56
  Speaker 16: They're doing the exact same things. And you brought up
• 45:58
  Speaker 16: a good point. When you put on an addition, if
• 46:00
  Speaker 16: you want to build a garage, you've got to pay
• 46:02
  Speaker 16: the sales tax.
• 46:03
  Speaker 11: But here's the thing. If you're the CEO of a
• 46:05
  Speaker 11: major tech company, you're not building your garage right there.
• 46:08
  Speaker 16: You could build your garage anywhere. So if that's the option,
• 46:12
  Speaker 16: you get to pick if you want to pay the
• 46:13
  Speaker 16: taxes or not. And at the end of the day,
• 46:15
  Speaker 16: these tech CEOs, they run major companies who have shares.
• 46:19
  Speaker 16: They're obligated to do it in the best interest of
• 46:21
  Speaker 16: their shareholders.
• 46:22
  Speaker 11: So their obligation is to.
• 46:24
  Speaker 16: Build out as much as they possibly can for the
• 46:26
  Speaker 16: lowest amount of money that they possibly can. So they're
• 46:29
  Speaker 16: doing their job. I can't help it that every other
• 46:32
  Speaker 16: governor in the whole entire United States of America has
• 46:36
  Speaker 16: given up and thrown in the towel.
• 46:38
  Speaker 12: For their citizens.
• 46:40
  Speaker 11: What would actually be better is if there was a
• 46:42
  Speaker 11: council of governors who got together and said, hey, none
• 46:44
  Speaker 11: of us are doing this. These people need to build these,
• 46:47
  Speaker 11: and we're going to build them.
• 46:48
  Speaker 1: Well, see, I don't buy the basic scenario because there's
• 46:51
  Speaker 1: things that are necessary. For example, water. This area, as
• 46:57
  Speaker 1: I say, is a prime area because of the steel mills.
• 47:00
  Speaker 1: Why do you think all these lakes are around here,
• 47:01
  Speaker 1: West Branch and all these lakes? Because of steel mills.
• 47:05
  Speaker 1: So we have the water, we have the weather, and
• 47:07
  Speaker 1: we have the... the right infrastructure, electronically speaking, as far
• 47:13
  Speaker 1: as transmission lines. There's not a lot of locations that
• 47:16
  Speaker 1: can offer all of that. They simply don't have it.
• 47:21
  Speaker 1: Or they'll have two of the three, but they won't
• 47:22
  Speaker 1: have three of the three. So there are areas that
• 47:25
  Speaker 1: are more prime than other areas. This is a prime area,
• 47:28
  Speaker 1: and that's why the state of Ohio, that's why I say, no,
• 47:32
  Speaker 1: we're not doing any of this.
• 47:33
  Speaker 16: And I can understand where your point comes from.
• 47:36
  Speaker 1: And they would still come here And we would still
• 47:39
  Speaker 1: get the benefits. I thought G2 brought up a great
• 47:42
  Speaker 1: point last night. And I think it's one that needs
• 47:44
  Speaker 1: to be discussed. I'm not saying you don't discuss what
• 47:47
  Speaker 1: the effects are as far as water is concerned. I
• 47:50
  Speaker 1: think the point to be actually addressed is what happens
• 47:53
  Speaker 1: in 10 years if technology changes as rapidly as we
• 47:58
  Speaker 1: see it changing and these facilities become obsolete or become
• 48:04
  Speaker 1: way smaller?
• 48:06
  Speaker 12: Well, they're going to.
• 48:07
  Speaker 1: Right.
• 48:08
  Speaker 11: I mean, I can see it here.
• 48:10
  Speaker 1: At this radio station. If you go back into this
• 48:13
  Speaker 1: room back here where all of our stations and this
• 48:16
  Speaker 1: data comes in here from San Antonio and places, it
• 48:20
  Speaker 1: is getting smaller and smaller, and the speeds are getting faster.
• 48:23
  Speaker 1: It's amazing when you go back in the technology room
• 48:26
  Speaker 1: here and you look at it, all the stuff that's
• 48:29
  Speaker 1: no longer needed and all the racks that are no
• 48:31
  Speaker 1: longer needed. Well, what happens to these large facilities when,
• 48:35
  Speaker 1: let's say– 10 years or less, it changes dramatically. Like
• 48:39
  Speaker 1: G2 says, what's on the hooks to take these places down?
• 48:45
  Speaker 1: Or if you can't repurpose them, who's going to pay
• 48:47
  Speaker 1: for that? So that's clearly understood.
• 48:49
  Speaker 12: All right.
• 48:50
  Speaker 16: It's a big building with a roof over it with
• 48:52
  Speaker 16: a lot of... servers on the inside of it. So
• 48:55
  Speaker 16: if they all leave, do you think online shipping is
• 48:57
  Speaker 16: going to go down or up?
• 48:59
  Speaker 11: So I don't know.
• 49:00
  Speaker 16: You could turn them into a distribution center and Amazon.
• 49:02
  Speaker 16: So I don't, I don't really care, but what you
• 49:05
  Speaker 16: talk about your, your radio station, well, with somebody 10 years,
• 49:08
  Speaker 16: 10 years ago, going to say, Hey guys, we shouldn't
• 49:10
  Speaker 16: even put this in because 10 years from now, it
• 49:13
  Speaker 16: might be smaller. We're not going to run the radio
• 49:15
  Speaker 16: for the next 10 years.
• 49:16
  Speaker 1: No, I mean, he's merely saying there should be some planning, uh,
• 49:20
  Speaker 1: from a community or from a state to say, okay,
• 49:23
  Speaker 1: what is the long-term plan if you vacate the facility?
• 49:29
  Speaker 1: I understand communities saying to people that want to put
• 49:32
  Speaker 1: up these solar farms, okay, fine, but if you go
• 49:36
  Speaker 1: bankrupt or you're done, How do we get rid of
• 49:39
  Speaker 1: all of this stuff? Who's responsible for it? I've never
• 49:43
  Speaker 1: understood why it became the taxpayer's responsibility to clean up
• 49:48
  Speaker 1: messes of companies that close or declare bankruptcy. And the
• 49:53
  Speaker 1: taxpayer stuck with ripping the building down or cleaning up
• 49:56
  Speaker 1: the toxic mess that they left behind. And I think
• 49:59
  Speaker 1: the discussion is we don't want to go down that road.
• 50:02
  Speaker 1: We want to make sure if you put up a
• 50:03
  Speaker 1: solar farm, and it's is no longer needed or it's
• 50:07
  Speaker 1: ages out who's responsible for ripping all this stuff out
• 50:11
  Speaker 1: and who's.
• 50:12
  Speaker 11: Responsible for decades but major corporations have capitalistic gains and
• 50:19
  Speaker 11: socialized losses that's that in i don't see that changing.
• 50:22
  Speaker 1: But they declare bankruptcy in many cases and walk away
• 50:25
  Speaker 1: from it and then the taxpayers on stuck with it
• 50:29
  Speaker 1: well i'll.
• 50:30
  Speaker 16: Say this um The footprint that G2 is talking about,
• 50:35
  Speaker 16: I personally, myself, I can't see in 10 years worrying
• 50:38
  Speaker 16: about not having potential economic growth in an area because
• 50:42
  Speaker 16: 10 years from now, the buildings might be empty. If
• 50:45
  Speaker 16: we were worrying about that here in the greater Youngstown area,
• 50:48
  Speaker 16: we got that going on right now. You tell a
• 50:50
  Speaker 16: data center, well, you could build here, but you've got
• 50:52
  Speaker 16: to pay all the taxes. And then they start building.
• 50:55
  Speaker 16: And then it turns into the chill cam factory where
• 50:57
  Speaker 16: it sits there for how many years now?
• 50:59
  Speaker 4: Ten years?
• 51:00
  Speaker 11: I don't even know.
• 51:01
  Speaker 16: Because they just never want to because they play the game.
• 51:04
  Speaker 16: And then they build it somewhere else. And then ten
• 51:06
  Speaker 16: years from now, I'm having this conversation with you. and
• 51:10
  Speaker 16: look at the opportunity we missed because we're so short-sighted.
• 51:13
  Speaker 1: Well, listen, you listen long enough to know I'm pro
• 51:16
  Speaker 1: data centers. I'm against these communities that are saying no, no,
• 51:21
  Speaker 1: no out of fear. And I'm saying you're screwing yourself
• 51:24
  Speaker 1: when it comes to your property taxes. I'm not saying
• 51:27
  Speaker 1: that you can't have guardrails on it, but I'm saying
• 51:31
  Speaker 1: you should embrace that technology. It will be a benefit
• 51:35
  Speaker 1: for your property taxes, and ultimately it's relatively clean I mean,
• 51:40
  Speaker 1: it's not a dirty industry, and everybody's going to use it.
• 51:44
  Speaker 1: So I'm not opposed to it.
• 51:46
  Speaker 16: Now, Frank was talking about charging robot police forces. I
• 51:50
  Speaker 16: don't know what the heck he was talking about. I mean,
• 51:52
  Speaker 16: I'm not even going to go there. But in the future,
• 51:56
  Speaker 16: and not 100 years from now or 50 years from now,
• 51:59
  Speaker 16: but in the.
• 51:59
  Speaker 11: Short future, they are going to be building data.
• 52:01
  Speaker 16: Centers in space. Because it's a lot easier to maintain
• 52:04
  Speaker 16: because you need the water for cooling. You don't need
• 52:07
  Speaker 16: to cool it in space because it's already cold there.
• 52:09
  Speaker 16: You can actually use solar panels there because there's something
• 52:12
  Speaker 16: on like eight times more efficient.
• 52:14
  Speaker 1: How are you going to get all that stuff on
• 52:17
  Speaker 1: the moon? Where are you going to build it on
• 52:19
  Speaker 1: the moon?
• 52:20
  Speaker 16: You don't need to put it in the moon. You
• 52:21
  Speaker 16: just put it in low Earth orbit. I mean, look
• 52:24
  Speaker 16: at Starship right now. Do you know how many Starlink
• 52:28
  Speaker 16: satellites are flying above us right now?
• 52:30
  Speaker 12: Have you ever used Starlink?
• 52:31
  Speaker 16: It's faster than the Internet.
• 52:33
  Speaker 18: You have now.
• 52:33
  Speaker 16: You could use it everywhere. If you just look at
• 52:36
  Speaker 16: even what SpaceX is doing and what their IP is
• 52:39
  Speaker 16: coming out, it's a whole other thing, possibly $ 2 trillion valuation.
• 52:42
  Speaker 16: But if you look at what they're doing, look at Starship.
• 52:45
  Speaker 16: They are just progressively getting better and better and better.
• 52:48
  Speaker 16: And they're going to move the data centers to space
• 52:50
  Speaker 16: because they're going to be more efficient.
• 52:51
  Speaker 12: They're going to be cheaper.
• 52:52
  Speaker 11: And imagine a– you remember all the leftist Democrat people,
• 52:57
  Speaker 11: all these protests.
• 52:58
  Speaker 12: Where are these people coming from?
• 52:59
  Speaker 16: How are they so organized?
• 53:00
  Speaker 11: They were paid to go do these things. You don't
• 53:02
  Speaker 11: think the Chinese or any malicious force is going to
• 53:06
  Speaker 11: get online, get on X, spread propaganda that the AI
• 53:09
  Speaker 11: data centers need to go down and they're not going
• 53:11
  Speaker 11: to firebomb them just like I said about Elon Musk's
• 53:15
  Speaker 11: Tesla dealerships? If you're a tech CEO, you'd much rather
• 53:18
  Speaker 11: have your data center in space floating around where it's
• 53:20
  Speaker 11: cheaper to operate. You don't need security for it, physical security.
• 53:24
  Speaker 11: So those things are going to move there, too. But
• 53:26
  Speaker 11: I don't know if that's going to be two years
• 53:27
  Speaker 11: from now, five years from now. But it's going to come.
• 53:30
  Speaker 11: And I can't worry about what's going to happen on
• 53:32
  Speaker 11: the inside of the building.
• 53:34
  Speaker 1: Well, how much stuff is going to be floating up
• 53:37
  Speaker 1: in space? We have all these satellites that are up there.
• 53:40
  Speaker 1: And now we're going to put all these data centers
• 53:42
  Speaker 1: up there. And I hear about all this space junk
• 53:45
  Speaker 1: that is up there now. And I mean, is it endless?
• 53:51
  Speaker 11: I worry.
• 53:51
  Speaker 16: I don't worry. I never worried about Iran hitting me
• 53:54
  Speaker 16: with a nuclear bomb. And I definitely don't worry about
• 53:56
  Speaker 16: space debris currently. Now, I don't know, 100 years from now,
• 53:59
  Speaker 16: might that be a problem?
• 54:00
  Speaker 1: Well, Sue, that's the difference between you and me. I
• 54:02
  Speaker 1: never walk outside without having a motorcycle helmet on at
• 54:05
  Speaker 1: all times.
• 54:07
  Speaker 11: Well, you know what? That might be that the Lord
• 54:09
  Speaker 11: just called you that day. That was just your time.
• 54:11
  Speaker 16: But I'm pretty sure once they hit the atmosphere, they
• 54:14
  Speaker 16: burn up anyway. So I think you'd still be okay
• 54:16
  Speaker 16: unless you get shot and you get to volunteer to
• 54:19
  Speaker 16: go to Mars. And that minuscule opportunity of chance, you know,
• 54:22
  Speaker 16: when you see the picture of all the satellites around Earth,
• 54:25
  Speaker 16: they look enormous. But when you put it in proportion.
• 54:28
  Speaker 11: You know, the chances of you hitting one and those.
• 54:31
  Speaker 16: Starlings, they have little propulsions on them too.
• 54:33
  Speaker 11: So they can actually move around.
• 54:34
  Speaker 16: But this isn't, I fear we are being our own
• 54:39
  Speaker 16: enemies in a way, because we always want to argue,
• 54:42
  Speaker 16: if it didn't come here, we'd be saying, I can't
• 54:44
  Speaker 16: believe we missed this economic opportunity. And if it comes here,
• 54:47
  Speaker 16: I can't believe it's moving here. Let's try to embrace it.
• 54:51
  Speaker 16: I get your points. I get everybody else's. But I'd
• 54:56
  Speaker 16: hate to miss out on any form of economic prosperity.
• 55:02
  Speaker 1: I agree with that. I'm in agreement with you. I'm
• 55:06
  Speaker 1: not sure.
• 55:08
  Speaker 16: Imagine if you let the people of our area decide
• 55:13
  Speaker 16: if it should come here or not, and they picked
• 55:14
  Speaker 16: the folks that were behind the PJ Maxx distribution center there,
• 55:19
  Speaker 16: and they didn't want to have the facility there because
• 55:21
  Speaker 16: it disrupted their sunset in the mobile home park.
• 55:24
  Speaker 11: You know, what are you going to do?
• 55:28
  Speaker 1: All right, Alex.
• 55:29
  Speaker 6: Thanks.
• 55:29
  Speaker 1: Appreciate it. News Radio 570 WKBN and Ron Furb from
• 55:33
  Speaker 1: the Kingdom of Mahoning, 422 in the afternoon.
• 55:36
  Speaker 7: Youngstown's news, weather, and talk station, 570 WKBN.
• 55:42
  Speaker 1: And Ron Furb, you're on the air.
• 55:43
  Speaker 4: Hello.
• 55:46
  Speaker 1: Speak up. I can barely hear you.
• 55:50
  Speaker 4: Is this better?
• 55:51
  Speaker 12: Yes.
• 55:51
  Speaker 1: See, a lot of times I have to instruct the callers.
• 55:54
  Speaker 1: One part of your phone you put on your ear
• 55:56
  Speaker 1: and the other part you speak into, and maybe you
• 55:59
  Speaker 1: had it reversed. So I'm glad I can help you out.
• 56:02
  Speaker 17: Yeah, I mean, if it's any consolation, on the first
• 56:04
  Speaker 17: hour that I put the headphones on, it was over
• 56:08
  Speaker 17: my face, and then I was listening to all your
• 56:10
  Speaker 17: riveting calls.
• 56:11
  Speaker 1: Yes.
• 56:12
  Speaker 17: And I had to take a drink, so I moved
• 56:14
  Speaker 17: it out of the way.
• 56:15
  Speaker 6: Yes.
• 56:17
  Speaker 1: I'm just blessed that you're able to call a program
• 56:20
  Speaker 1: after all of your painting is done. Thank God.
• 56:25
  Speaker 11: Yeah.
• 56:25
  Speaker 12: No, it's not all done.
• 56:27
  Speaker 17: I'm still doing it. But I do have kind of
• 56:31
  Speaker 17: like an update on life in AI.
• 56:35
  Speaker 4: Yes.
• 56:36
  Speaker 1: I remember when you were successful in making a ton
• 56:39
  Speaker 1: of money and then came AI.
• 56:42
  Speaker 17: Yeah, so I said, I said myself, I said, I'm
• 56:46
  Speaker 17: going to sit here and keep learning and mastering AI
• 56:50
  Speaker 17: until someone pays me, like I used to make money,
• 56:53
  Speaker 17: to use it to solve problems. And I'm happy to
• 56:57
  Speaker 17: say that the first person I signed the first contract,
• 57:02
  Speaker 17: it's not huge, but it's because of all of the work. Oh,
• 57:05
  Speaker 17: and as I was doing the work, I was displaying
• 57:08
  Speaker 17: all the projects that, you know, like so people could
• 57:11
  Speaker 17: see them. And now today I just had another interview
• 57:15
  Speaker 17: with a big company that I don't know if it'll go,
• 57:19
  Speaker 17: but they were impressed. And that was the reason that
• 57:21
  Speaker 17: they called me was because they said, you know, we
• 57:24
  Speaker 17: want someone who's leaning into AI and can help us,
• 57:27
  Speaker 17: you know, make transitions. And I'm like, well, that's why
• 57:30
  Speaker 17: I've been doing it. And so it's starting already. So
• 57:35
  Speaker 17: I may not be painting. I've always said I got
• 57:38
  Speaker 17: to get these projects done before my vacation may end
• 57:41
  Speaker 17: at any moment.
• 57:43
  Speaker 4: And they don't know it.
• 57:44
  Speaker 17: But I'm getting the feeling now that at least for
• 57:47
  Speaker 17: a while that that's going to happen. And not everybody
• 57:50
  Speaker 17: is doing that. There's still people holding on to the past.
• 57:55
  Speaker 17: I can tell you, man, as a software developer, from
• 57:59
  Speaker 17: the things that I'm doing, using AI, that job exists
• 58:02
  Speaker 17: no longer. And if it does, it's an unborrowed time.
• 58:06
  Speaker 17: It's like the guy making the last wagon wheel. Unless
• 58:10
  Speaker 17: you're in Amish country. They still use them. But And
• 58:14
  Speaker 17: so I'm already seeing how you navigate through it.
• 58:18
  Speaker 10: I do have.
• 58:20
  Speaker 17: Some thoughts on the data center stuff as I've been
• 58:24
  Speaker 17: listening to you talk, and I can shift over to that.
• 58:26
  Speaker 17: But I know better than to try to commandeer your
• 58:29
  Speaker 17: schedule and agenda.
• 58:32
  Speaker 1: I'm fascinated by your shifting to that. Let me do
• 58:34
  Speaker 1: my commercials, and then we'll come back and You can
• 58:37
  Speaker 1: make the transition, all right? Because you've got a deep
• 58:40
  Speaker 1: understanding of technology, and I can learn from you. News
• 58:44
  Speaker 1: Radio 570 WKBN, Ron Furb from the Kingdom of Mahoning.
• 58:46
  Speaker 1: Beautiful Thursday, 71 degrees. News Radio 570 WKBN. 436, Heidi Ho,
• 58:53
  Speaker 1: Ron Furb, News Radio 570 WKBN. Gorgeous Thursday, May 28th,
• 58:57
  Speaker 1: 70 degrees. Legal show at 5, courtesy of Beatrice Kopp
• 59:02
  Speaker 1: and John Arnold Money Talks at 6. All right, so
• 59:08
  Speaker 1: you wanted to shift into AI. Now, you've got a
• 59:10
  Speaker 1: technical background. I just found it interesting as I was
• 59:12
  Speaker 1: reflecting on your words prior to my headline break. So basically,
• 59:17
  Speaker 1: you're saying what you did and did for many years
• 59:23
  Speaker 1: and made a lot of money is going to be
• 59:28
  Speaker 1: taken over by AI, and already has been, correct?
• 59:33
  Speaker 17: Yes, the actual act of developing software, like writing it, yes.
• 59:40
  Speaker 17: But not so far, not telling it what to develop
• 59:45
  Speaker 17: and to guide it when it does the wrong thing.
• 59:47
  Speaker 17: That's where my experience comes in still. I say in
• 59:52
  Speaker 17: five years, I don't care what I have to say,
• 59:54
  Speaker 17: because I'm teaching it all kinds of things, but It's
• 59:57
  Speaker 17: not just me. Anybody else who has that experience is
• 1:00:00
  Speaker 17: using it. And so it's like teaching the foreigners your
• 1:00:03
  Speaker 17: job before they ship it overseas, you know.
• 1:00:07
  Speaker 1: So what you've done for years and what you made
• 1:00:11
  Speaker 1: a good living at is technology will take over and
• 1:00:15
  Speaker 1: you see it happening.
• 1:00:19
  Speaker 17: Yeah, you know, here's where something... Like, people always said, oh,
• 1:00:23
  Speaker 17: you know, the computer will do this, and we'll just
• 1:00:25
  Speaker 17: all have... We won't have anything to do, and we'll
• 1:00:27
  Speaker 17: just have all this free time. But what happened? The
• 1:00:29
  Speaker 17: opposite happened, right? The opposite that happened was the computer
• 1:00:33
  Speaker 17: did things, but then people wanted more and more and more.
• 1:00:37
  Speaker 17: And that's why I'm saying, like, I think I called
• 1:00:40
  Speaker 17: you a while back when I was talking about painting. It's...
• 1:00:48
  Speaker 17: I think... that this AI is allowing problems that normally
• 1:00:52
  Speaker 17: were too expensive to solve to be solved for a
• 1:00:57
  Speaker 17: period of time. While the AI is trying to learn,
• 1:00:59
  Speaker 17: that capability is almost free. It's very cheap. And so
• 1:01:04
  Speaker 17: why I said earlier, you know, one thing, in order
• 1:01:11
  Speaker 17: to learn AI, you have to find a problem and
• 1:01:14
  Speaker 17: solve it with it. And that's what I started a
• 1:01:15
  Speaker 17: couple months ago. And I started with the data associated
• 1:01:19
  Speaker 17: with Mahoning and Troubled Counties. Like, where's all the infrastructure?
• 1:01:24
  Speaker 17: Where's it all located? Where are the houses located? Do
• 1:01:27
  Speaker 17: we reference all the houses with the same scheme so
• 1:01:30
  Speaker 17: that we can teach the young kids one day, just
• 1:01:33
  Speaker 17: make a little program to say, here, go here and
• 1:01:35
  Speaker 17: fix this, because this is where that water is. Or,
• 1:01:37
  Speaker 17: you know, like, no things like that. There was a
• 1:01:41
  Speaker 17: lot of vested knowledge in people's brains that retired and
• 1:01:46
  Speaker 17: some of them pass it on to younger people and
• 1:01:48
  Speaker 17: some have not. I can tell you by looking at
• 1:01:50
  Speaker 17: some of the data here that a lot is not.
• 1:01:53
  Speaker 17: I mean, we do things a lot manually that we
• 1:01:56
  Speaker 17: don't even realize. Like, you know, I need to go
• 1:01:58
  Speaker 17: to a house and do something, fix something.
• 1:02:00
  Speaker 12: Where's the house?
• 1:02:02
  Speaker 17: Who services the water? Who services the cable? Who's this?
• 1:02:05
  Speaker 17: So just not to go too far into that, but
• 1:02:07
  Speaker 17: right now we have an opportunity to learn about our
• 1:02:10
  Speaker 17: situation using AI that we could reduce the amount of
• 1:02:15
  Speaker 17: people needed to run this entire space through attrition and
• 1:02:21
  Speaker 17: actually bring costs down that way. You know, local costs,
• 1:02:24
  Speaker 17: state costs, if you utilize it. You know, that's where
• 1:02:28
  Speaker 17: the good part is.
• 1:02:30
  Speaker 1: Or medically, medically there would be a good part.
• 1:02:32
  Speaker 17: Oh, don't even get me started there. I'm sitting here
• 1:02:35
  Speaker 17: talking to you because of the medicine.
• 1:02:37
  Speaker 1: Right, but I mean, think of what can happen five
• 1:02:40
  Speaker 1: years from now. People have problems that... you and I
• 1:02:45
  Speaker 1: might have as we grow older, my adult children will
• 1:02:49
  Speaker 1: not face. And there's comfort in knowing that. I mean,
• 1:02:51
  Speaker 1: there's comfort in if that technology gives them a longer,
• 1:02:55
  Speaker 1: healthier life. Yeah.
• 1:02:58
  Speaker 17: And, you know, pretend you have the ugly side where
• 1:03:01
  Speaker 17: there's that tick thing going on.
• 1:03:04
  Speaker 10: Yeah.
• 1:03:04
  Speaker 17: You didn't identify. In fact, I did a look up
• 1:03:07
  Speaker 17: on that. And it's alpha-gal syndrome. And it's because humans
• 1:03:12
  Speaker 17: do not have a gene that that is this type
• 1:03:15
  Speaker 17: of gene, galactose A13. And ticks do, and they bite
• 1:03:25
  Speaker 17: the beef also. And so I'm still trying to, can
• 1:03:31
  Speaker 17: I not like beef by eating the beef itself? That's
• 1:03:34
  Speaker 17: what I'm trying to figure out. But I did find
• 1:03:38
  Speaker 17: out that if you get that disease, and you don't
• 1:03:40
  Speaker 17: like beef, it may go away after a period of
• 1:03:43
  Speaker 17: time if you're no longer bitten by the same type
• 1:03:47
  Speaker 17: of tick.
• 1:03:49
  Speaker 1: And it may not.
• 1:03:51
  Speaker 4: Right.
• 1:03:52
  Speaker 17: Those sorts of alterations are seriously done through AI because
• 1:03:57
  Speaker 17: it's basically work with DNA. There's no way our brains
• 1:04:02
  Speaker 17: can process DNA without the help of a computer. And
• 1:04:07
  Speaker 17: so there's all these medicine things that result on DNA
• 1:04:10
  Speaker 17: studies will be enhanced and potentially could be abused. And so,
• 1:04:17
  Speaker 17: you know, that's, like you say, there's.
• 1:04:19
  Speaker 4: Good and there's evil.
• 1:04:21
  Speaker 17: Going with the data center issue, you know, I'm with
• 1:04:24
  Speaker 17: you on it's going to happen, so we should benefit
• 1:04:27
  Speaker 17: from it. But when you talk about, like you were saying,
• 1:04:30
  Speaker 17: all these things, you know, oh, we're not going to
• 1:04:31
  Speaker 17: tax them.
• 1:04:32
  Speaker 12: But guess what? They do.
• 1:04:35
  Speaker 4: They do.
• 1:04:36
  Speaker 17: They let them not tax. And even though you're saying
• 1:04:42
  Speaker 17: it doesn't mean that's the way they're going to do it,
• 1:04:43
  Speaker 17: I have no faith in the corruption of our government
• 1:04:47
  Speaker 17: that they're going to really look out for our best interests.
• 1:04:49
  Speaker 4: That worries me.
• 1:04:51
  Speaker 17: You know, people make money and forget, and then people just,
• 1:04:54
  Speaker 17: you know, the drive-by voters and media don't notice until
• 1:04:58
  Speaker 17: it's too late. So I think placement is important of those,
• 1:05:03
  Speaker 17: you know. I don't think they belong.
• 1:05:05
  Speaker 12: Inside, at least the current ones, the current.
• 1:05:08
  Speaker 17: Technology that is loud and uses lots of water. I
• 1:05:12
  Speaker 17: don't think they belong right in cities. People make investments
• 1:05:15
  Speaker 17: on their properties and whatnot. You may fix up your
• 1:05:18
  Speaker 17: whole house and everything.
• 1:05:19
  Speaker 1: No, I would agree with that. I mean, it's got
• 1:05:22
  Speaker 1: to go in a– that's why you have zoning. I mean,
• 1:05:25
  Speaker 1: you would have these big facilities. That's why a lot
• 1:05:27
  Speaker 1: of times they want them– they're so huge. They want
• 1:05:31
  Speaker 1: them out in the country. Let me bounce this off
• 1:05:33
  Speaker 1: of you when we talk about these data centers. I
• 1:05:36
  Speaker 1: hate to see some of our most precious farmland disappear
• 1:05:43
  Speaker 1: because so many acres are needed for data centers. But
• 1:05:47
  Speaker 1: that is happening. But it's also, that's happened in the
• 1:05:50
  Speaker 1: past for neighborhood developments, right? A lot of farms. For example,
• 1:05:55
  Speaker 1: if you go to Florida right now, a lot of
• 1:05:56
  Speaker 1: the orange groves are not around anymore. There's fewer and
• 1:06:01
  Speaker 1: fewer of them all the time because the land is
• 1:06:03
  Speaker 1: so valuable to develop and put housing developments in. So
• 1:06:07
  Speaker 1: we're losing orange farmers in Florida. Well, just like here,
• 1:06:10
  Speaker 1: we're starting to see a lot of family farms where
• 1:06:14
  Speaker 1: perhaps the family doesn't want to continue in the farming
• 1:06:17
  Speaker 1: or they offer so much for the lands that you
• 1:06:19
  Speaker 1: could not have to do the farm and live a
• 1:06:23
  Speaker 1: comfortable life. And they buy 100 acres or more for
• 1:06:26
  Speaker 1: a data center. And so it eats up. At some point,
• 1:06:29
  Speaker 1: you're going to have to say to yourself, where do
• 1:06:31
  Speaker 1: we grow our food?
• 1:06:37
  Speaker 17: I've got a comeback here that is important to what
• 1:06:39
  Speaker 17: you're saying.
• 1:06:40
  Speaker 1: All right, I'm ready for it.
• 1:06:41
  Speaker 3: Okay.
• 1:06:44
  Speaker 1: We won't come to think of it. I won't need
• 1:06:47
  Speaker 1: our food because the tick will bite me and I
• 1:06:49
  Speaker 1: won't want to eat beef anymore. Now, before you give
• 1:06:54
  Speaker 1: me your comeback, and I'm serious with you. I'm telling
• 1:06:58
  Speaker 1: you right now, and I don't care what the jokes are.
• 1:07:01
  Speaker 1: You can do every art bell joke you want. I'm
• 1:07:03
  Speaker 1: telling you right now, there's no way that this tick
• 1:07:06
  Speaker 1: that make you so that you no longer can eat
• 1:07:09
  Speaker 1: meat was not created in a laboratory. I'm trying to
• 1:07:13
  Speaker 1: think if I read a book I recommended at the time.
• 1:07:16
  Speaker 1: Lyme disease was created in a lab in On an
• 1:07:22
  Speaker 1: island by New York, by Lyme, New York, the area
• 1:07:26
  Speaker 1: is Lyme, New York, or the community. That's why they
• 1:07:29
  Speaker 1: call it Lyme disease. And they were modifying these ticks,
• 1:07:33
  Speaker 1: and they didn't think it would be a problem getting
• 1:07:35
  Speaker 1: off the islands. And then they realized, well, the ticks
• 1:07:38
  Speaker 1: went off with birds and deer would swim there. And
• 1:07:41
  Speaker 1: they went to the main shore. And that's why when
• 1:07:43
  Speaker 1: we started to see Lyme disease, it was in that
• 1:07:46
  Speaker 1: area of the community of Lyme. That's why it's called
• 1:07:49
  Speaker 1: Lyme disease, because it was just a coincidence, I'm sure,
• 1:07:53
  Speaker 1: by this military bio lab, if you will, that was
• 1:07:57
  Speaker 1: on this island. So and likewise with Rocky Mountain spotted fever.
• 1:08:02
  Speaker 1: This is how evil some of the things are in
• 1:08:05
  Speaker 1: our world and the problems we have as a result
• 1:08:07
  Speaker 1: of people that do this kind of crap. So you're
• 1:08:10
  Speaker 1: telling me that Bill Gates and all these people who
• 1:08:13
  Speaker 1: don't want you to eat meat and cows are bad
• 1:08:16
  Speaker 1: and all this kind of crap, all these wackos, that
• 1:08:20
  Speaker 1: you don't think that they funded... The modification of ticks,
• 1:08:23
  Speaker 1: just like they did for Lyme disease and Rocky Mountain
• 1:08:25
  Speaker 1: spotted fever, they modified them to give them this ability
• 1:08:30
  Speaker 1: to bite you, and then you no longer have a
• 1:08:33
  Speaker 1: desire to eat meat. I'm telling you, I think that's
• 1:08:35
  Speaker 1: how evil some of these people in this society are.
• 1:08:39
  Speaker 1: It's hard for a lot of people to imagine, and
• 1:08:41
  Speaker 1: it sounds like you're a mad scientist, but it's not
• 1:08:44
  Speaker 1: hard for me to imagine. I believe it, and I'm
• 1:08:49
  Speaker 1: going to check with General Johnson Jameson on it. and
• 1:08:52
  Speaker 1: i believe in a hundred percent.
• 1:08:55
  Speaker 17: So many david and not only in agreement ron noticing
• 1:09:01
  Speaker 17: a bigger trend even that this is just a part of.
• 1:09:05
  Speaker 17: You remember, okay, so the baby boom after the war, right?
• 1:09:07
  Speaker 17: There were a lot of people, a lot of workers,
• 1:09:10
  Speaker 17: and people invested in those workers, and they invested in
• 1:09:13
  Speaker 17: the food that kept them alive, and the society that
• 1:09:16
  Speaker 17: kept them alive, right?
• 1:09:17
  Speaker 4: Yeah.
• 1:09:18
  Speaker 17: Suddenly, They realized, oh, my God, those people are all dying.
• 1:09:21
  Speaker 17: They're not creating new people. We've been too, you know,
• 1:09:24
  Speaker 17: the system is breaking. So what they tried to do was, oh,
• 1:09:27
  Speaker 17: let's go to Africa. We're still making a lot of people.
• 1:09:29
  Speaker 17: Let's bring them all here. And then we'll, you know,
• 1:09:31
  Speaker 17: in about five, ten years, we'll have a bunch of workers.
• 1:09:34
  Speaker 17: And they went away with that, too, right? And so
• 1:09:38
  Speaker 17: they called that the replacement theory, right?
• 1:09:40
  Speaker 8: Yes.
• 1:09:42
  Speaker 12: Okay, are you following me?
• 1:09:43
  Speaker 6: Yes. Well, that didn't work.
• 1:09:45
  Speaker 17: So now let's replace them all with A.I., Oh, but
• 1:09:49
  Speaker 17: in order to replace them all day, we have to
• 1:09:51
  Speaker 17: replace their houses and their lives and everything with data centers.
• 1:09:54
  Speaker 11: Okay?
• 1:09:55
  Speaker 17: So then once that happens and all the data centers
• 1:09:58
  Speaker 17: are in place, you know, everybody thinks, oh, they talk
• 1:10:02
  Speaker 17: about we'll give you a substance, what are they calling it?
• 1:10:06
  Speaker 17: Like everybody gets money.
• 1:10:08
  Speaker 1: Basic income, yeah. Socialism.
• 1:10:11
  Speaker 6: Sure they will.
• 1:10:12
  Speaker 17: Just like Social Security was always going to be there
• 1:10:14
  Speaker 17: and everything too, right? They're just telling you that to
• 1:10:16
  Speaker 17: shut you up. because they won't need you anymore, and
• 1:10:19
  Speaker 17: they won't care. And they may not, you know, this
• 1:10:22
  Speaker 17: isn't like, I don't know if they'll starve everybody, but
• 1:10:25
  Speaker 17: they can sure make it so it's really hard to reproduce,
• 1:10:27
  Speaker 17: and there's only the amount of people that are needed.
• 1:10:30
  Speaker 1: Well, don't you think, now pause for a second, because
• 1:10:34
  Speaker 1: don't you think to a degree it's there now? And
• 1:10:37
  Speaker 1: let me lay this on you.
• 1:10:39
  Speaker 4: Yes.
• 1:10:39
  Speaker 1: Okay, so they make it so you don't want to
• 1:10:42
  Speaker 1: reproduce as much. I think it's sad. Just hear me
• 1:10:46
  Speaker 1: out for a second. I think it's sad. There is,
• 1:10:49
  Speaker 1: in all my life, the best part of your life,
• 1:10:55
  Speaker 1: and I'll see if you agree, the best part of
• 1:10:59
  Speaker 1: your life is when you meet the love of your life. Correct?
• 1:11:04
  Speaker 1: As I said, there is no higher compliment than a
• 1:11:09
  Speaker 1: man can receive than when he asks a girl he
• 1:11:12
  Speaker 1: loves to marry her and she says yes. That is
• 1:11:14
  Speaker 1: the highest compliment you'll ever get in your life. Would
• 1:11:18
  Speaker 1: you agree?
• 1:11:19
  Speaker 12: Okay.
• 1:11:20
  Speaker 1: And secondly, there is nothing more rewarding in your life, nothing,
• 1:11:26
  Speaker 1: than when you have children. I mean, it is such
• 1:11:30
  Speaker 1: an incredible joy and frustration and so many emotions about
• 1:11:40
  Speaker 1: it that only a parent can really understand. You know,
• 1:11:44
  Speaker 1: you're like I say, frustrations and joy. And as you
• 1:11:49
  Speaker 1: look at your children and they become smarter than you
• 1:11:52
  Speaker 1: and better at you at doing stuff, then you were
• 1:11:54
  Speaker 1: a great parent because you've created a great human being.
• 1:12:00
  Speaker 1: We are losing that. You know, I wish I had
• 1:12:04
  Speaker 1: more children, but, you know, I'm blessed for the ones
• 1:12:07
  Speaker 1: that I've had. But the reality is they're making it
• 1:12:11
  Speaker 1: so difficult on people that are younger to Because, oh,
• 1:12:17
  Speaker 1: everybody's got to work and daycare is so damn expensive.
• 1:12:24
  Speaker 1: I mean, it's just gotten so expensive. People are choosing, oh,
• 1:12:29
  Speaker 1: I'm only going to have one kid because that's all
• 1:12:30
  Speaker 1: we can afford or two kids. That's all we can
• 1:12:33
  Speaker 1: afford or none because we can't afford any. And I
• 1:12:37
  Speaker 1: suspect even if you go back in my day or
• 1:12:40
  Speaker 1: my dad's day, you know, my father always said it
• 1:12:42
  Speaker 1: doesn't matter how many kids he has. We'll just divvy
• 1:12:44
  Speaker 1: the portions up smaller that you will always find a
• 1:12:47
  Speaker 1: way to make it happen. But I understand today when
• 1:12:51
  Speaker 1: my kids were young, we had grandparents. We didn't have
• 1:12:54
  Speaker 1: to worry about daycare. We had grandparents and grandparents. And
• 1:12:58
  Speaker 1: so my wife worked a different shift than I worked.
• 1:13:00
  Speaker 1: And so we didn't have to worry so much about that.
• 1:13:04
  Speaker 1: You may do, but it's so difficult, so expensive to
• 1:13:07
  Speaker 1: have children today. And it's that sad. Then we get.
• 1:13:12
  Speaker 6: Printing money, Ron.
• 1:13:13
  Speaker 1: Yeah, yeah.
• 1:13:14
  Speaker 17: Then we get, right?
• 1:13:15
  Speaker 9: Yeah.
• 1:13:15
  Speaker 17: Like, it's all, it's just, you know, we're beating ourselves
• 1:13:19
  Speaker 17: over the head every day and we let it happen.
• 1:13:22
  Speaker 17: You know, and the people we elect to office, from
• 1:13:25
  Speaker 17: what I can see, they may have good intentions, but
• 1:13:28
  Speaker 17: when they get in there, they just realize I can
• 1:13:29
  Speaker 17: become rich by not doing my good intentions.
• 1:13:32
  Speaker 6: Correct.
• 1:13:33
  Speaker 1: It becomes more about them than it is about being
• 1:13:36
  Speaker 1: a public service. Dave Thomas is a public servant. He's rare.
• 1:13:40
  Speaker 1: Let me put it that way. So if I ask you,
• 1:13:44
  Speaker 1: there's positives and negatives with AI centers. We should embrace
• 1:13:52
  Speaker 1: them in our area in general. We should want that
• 1:13:56
  Speaker 1: technology to be located here.
• 1:13:59
  Speaker 17: Agree? No, because until you actually define those zoning things
• 1:14:06
  Speaker 17: and what it is, I don't think they should come in.
• 1:14:08
  Speaker 17: We're just letting them in and dealing with it later.
• 1:14:10
  Speaker 17: So that part I'm not into. I don't think it
• 1:14:12
  Speaker 17: makes sense.
• 1:14:13
  Speaker 1: Well, I don't think they're going to build one next
• 1:14:14
  Speaker 1: to your house. You don't have 100 acres next to
• 1:14:17
  Speaker 1: your house.
• 1:14:17
  Speaker 17: You said they shouldn't tax everybody because, you know, right?
• 1:14:20
  Speaker 17: But they did. So should they bring it? Oh, but
• 1:14:23
  Speaker 17: they didn't do what we thought was good. They just
• 1:14:24
  Speaker 17: did what they thought was good for them. So what
• 1:14:26
  Speaker 17: makes you think that they're going to do anything that's
• 1:14:29
  Speaker 17: good for you if they're not doing.
• 1:14:30
  Speaker 1: Those basic things? Well, see, this is where you bring
• 1:14:33
  Speaker 1: up a great point. And you probably don't even know it.
• 1:14:36
  Speaker 1: But there was, and there might still be a movement
• 1:14:39
  Speaker 1: where The federal government, when data centers overruled any of
• 1:14:45
  Speaker 1: your local regulations or your zoning, that you really didn't
• 1:14:49
  Speaker 1: have a say-so on it at all. All right, I'm
• 1:14:51
  Speaker 1: done with you. I've got to break.
• 1:14:53
  Speaker 17: Okay.
• 1:14:53
  Speaker 1: Thanks. Back in a bit, NewsRadio 570 WKBN.
• 1:14:57
  Speaker 7: NewsRadio 570 WKBN.
• 1:15:00
  Speaker 1: And Ron Verbal Eagle Show at 5, courtesy of Beatrice Kopp.
• 1:15:03
  Speaker 1: You're on the air.
• 1:15:05
  Speaker 11: Ron?
• 1:15:06
  Speaker 4: Yes?
• 1:15:07
  Speaker 1: Boss lady.
• 1:15:08
  Speaker 19: I got a lot to say, so I probably won't
• 1:15:10
  Speaker 19: make it.
• 1:15:11
  Speaker 11: I'll probably have to call back tomorrow.
• 1:15:12
  Speaker 17: All right.
• 1:15:13
  Speaker 19: All this talk.
• 1:15:14
  Speaker 11: About AI data centers, and I think you're.
• 1:15:16
  Speaker 19: Talking to Dave Thomas. I didn't catch all of that
• 1:15:19
  Speaker 19: or G2, but you've got Ohio, right? They're pursuing AI
• 1:15:23
  Speaker 19: data center investments.
• 1:15:25
  Speaker 11: That's fine. But my broader discussion tomorrow.
• 1:15:28
  Speaker 19: Is Ohio wants to lead, then Ohio should lead. The
• 1:15:32
  Speaker 19: government should practice what it preaches. AI boosts productivity.
• 1:15:36
  Speaker 11: As we know it does.
• 1:15:37
  Speaker 19: The government should be utilizing it in the same way.
• 1:15:41
  Speaker 4: Go first.
• 1:15:42
  Speaker 19: We're funding it. We should expect the same cut in
• 1:15:47
  Speaker 19: efficiencies in government today, right now, hop, hop, everybody at
• 1:15:52
  Speaker 19: the county level, at the state level, they promise, take
• 1:15:55
  Speaker 19: a stand, drive this so that we're seeing these efficiencies
• 1:15:59
  Speaker 19: and our tax dollars are not getting wasted because when
• 1:16:02
  Speaker 19: the stop cuts come, it'd be nice to have some
• 1:16:05
  Speaker 19: of that money back, wouldn't it?
• 1:16:07
  Speaker 10: And that's the.
• 1:16:08
  Speaker 19: Biggest, these guys need to stop talking about all the
• 1:16:12
  Speaker 19: investments they want taxpayers to make. They want Ohioans to
• 1:16:15
  Speaker 19: make it through our income tax.
• 1:16:18
  Speaker 11: Through all the different taxes. So start leading.
• 1:16:23
  Speaker 19: Because I can go through a list of 100 ways
• 1:16:27
  Speaker 19: that they can reduce costs by 20% in the state
• 1:16:33
  Speaker 19: with AI efficiencies. And that's what, why are we always
• 1:16:37
  Speaker 19: talking about, all we want to talk about is how
• 1:16:40
  Speaker 19: we're going to build data centers and everybody stop whining
• 1:16:42
  Speaker 19: this and that.
• 1:16:43
  Speaker 10: Go first.
• 1:16:45
  Speaker 19: AI is amazing.
• 1:16:47
  Speaker 11: A lot of roles can be condensed.
• 1:16:48
  Speaker 19: You want to save taxpayer dollars?
• 1:16:50
  Speaker 4: Start.
• 1:16:53
  Speaker 6: I agree.
• 1:16:54
  Speaker 1: Give me an.
• 1:16:54
  Speaker 17: AI, Captain.
• 1:16:55
  Speaker 19: I didn't hear an AI, Captain.
• 1:16:58
  Speaker 1: Well, no, I will say it should be used in
• 1:17:02
  Speaker 1: governments to hunt out fraud and productivity. I'm in total
• 1:17:06
  Speaker 1: agreement with that.
• 1:17:08
  Speaker 17: Absolutely.
• 1:17:08
  Speaker 19: Jobs and family services, all the paperwork, all the redundancies,
• 1:17:12
  Speaker 19: all of those forms and anything like that. I mean,
• 1:17:15
  Speaker 19: there's a thousand ways. I mean, I can eliminate tomorrow.
• 1:17:20
  Speaker 1: Call me and we'll talk more.
• 1:17:21
  Speaker 4: All right.
• 1:17:22
  Speaker 1: Back with the legal show.
• 1:17:30
  Speaker 18: From ABC News.
• 1:17:32
  Speaker 20: I'm Lindsay Davis, anchor of Prime, streaming weeknights on ABC
• 1:17:35
  Speaker 20: News Live. Following days of escalations between the U.S. and Iran,
• 1:17:39
  Speaker 20: including strikes launched by both sides, Treasury Secretary Scott Besant
• 1:17:43
  Speaker 20: confirmed American and Iranian negotiators believe they have arrived at
• 1:17:46
  Speaker 20: a draft agreement to formally extend the ceasefire and gradually
• 1:17:49
  Speaker 20: open the Strait of Hormuz. President Trump and Iran's leader
• 1:17:52
  Speaker 20: would still have to approve. ABC's Ian Pannell is in
• 1:17:54
  Speaker 20: Jerusalem and says it's the latest attempt to end the
• 1:17:57
  Speaker 20: nearly three-month-long conflict.
• 1:17:59
  Speaker 21: How many times have we now been saying a ceasefire
• 1:18:01
  Speaker 21: is about to be extended or a deal is about
• 1:18:04
  Speaker 21: to be announced? In actual fact, the answer is about
• 1:18:06
  Speaker 21: four or five times over the last few weeks.
• 1:18:09
  Speaker 1: And we're now at that stage again, U.S.
• 1:18:10
  Speaker 21: Officials telling us, telling Axios, Associated Press and others that
• 1:18:15
  Speaker 21: they think a deal is.
• 1:18:17
  Speaker 18: Pretty much there or at least an interim agreement.
• 1:18:19
  Speaker 1: It just needs a signature. The U.S.
• 1:18:21
  Speaker 20: Economy is facing headwinds due to the war with Iran.
• 1:18:24
  Speaker 20: New data shows inflation is at a three-year high. In Dallas,
• 1:18:27
  Speaker 20: witnesses say a fire and explosion at an apartment complex
• 1:18:30
  Speaker 20: sounded like a bomb went off. Four people were transported
• 1:18:33
  Speaker 20: to the hospital. ABC's Alex Stone has the latest.
• 1:18:35
  Speaker 22: Lindsay, it started as a gas leak call, a large
• 1:18:38
  Speaker 22: explosion and fire. While the fire is now contained, not
• 1:18:41
  Speaker 22: much is left of the apartment building. It burned completely down.
• 1:18:45
  Speaker 22: Firefighters say they're searching for any victims in and around
• 1:18:48
  Speaker 22: the burned building right now.
• 1:18:49
  Speaker 1: There's unknown how many possible fatalities we may have.
• 1:18:52
  Speaker 22: Four victims were transported to hospitals with unknown injuries. Construction
• 1:18:56
  Speaker 22: work had been underway outside of the building before the
• 1:18:59
  Speaker 22: gas explosion.
• 1:19:00
  Speaker 1: Lindsay?
• 1:19:01
  Speaker 20: Efforts are underway to see if anyone else is missing.
• 1:19:04
  Speaker 20: The growing Ebola outbreak in Central Africa has prompted the
• 1:19:06
  Speaker 20: Trump administration to set up a 50-bed facility in Kenya
• 1:19:10
  Speaker 20: for any Americans who face quarantine due to the Ebola outbreak.
• 1:19:13
  Speaker 20: Suspected cases in Central Africa now top more than 1,000.
• 1:19:16
  Speaker 20: The facility could open tomorrow. Officials did not say if
• 1:19:20
  Speaker 20: Americans would be allowed to return to the U.S. in
• 1:19:22
  Speaker 20: order to receive care if necessary. You're listening to ABC News.
• 1:19:29
  Speaker 1: It's Thursday, and that means it's time for The Legal Show,
• 1:19:32
  Speaker 1: brought to you by Beatrice Kopp on NewsRadio 570 WKBN.
• 1:19:36
  Speaker 1: On this gorgeous Thursday, where we're sitting right now with
• 1:19:39
  Speaker 1: 69 degrees, let's go to the law firm of Beatrice
• 1:19:43
  Speaker 1: Kopp and check in with attorney David Beatrice tonight, who's
• 1:19:45
  Speaker 1: bringing us a special guest. David, hello there.
• 1:19:48
  Speaker 6: Yes, I'm so happy to bring you a special guest.
• 1:19:53
  Speaker 6: And our special guest, his name is Steve Dettelbeck. And
• 1:19:57
  Speaker 6: he is the, let me make sure I get this right,
• 1:20:00
  Speaker 6: you're the eighth former director of the Bureau of Alcohol, Tobacco,
• 1:20:05
  Speaker 6: and Firearms. It's actually the BATF, right? Everyone just shortens
• 1:20:09
  Speaker 6: it to the..
• 1:20:09
  Speaker 9: And it's actually the BATFE, right?
• 1:20:13
  Speaker 1: Tell them to get close to the microphone. Let's get
• 1:20:16
  Speaker 1: everything going.
• 1:20:16
  Speaker 6: There we go. So he's the eighth director of the BATFE,
• 1:20:21
  Speaker 6: which is the Bureau of Alcohol, Tobacco, Firearms, and Explosives...
• 1:20:26
  Speaker 6: He held that position from July 13, 2022 to January 17, 2025.
• 1:20:34
  Speaker 6: And prior to that, he was the Northern Ohio AUSA.
• 1:20:43
  Speaker 6: So he was the top man in charge of all
• 1:20:46
  Speaker 6: of the U.S. attorneys in the Northern District, which runs
• 1:20:50
  Speaker 6: from the Indiana border to the Pennsylvania border, Mansfield up, right?
• 1:20:54
  Speaker 4: Right.
• 1:20:55
  Speaker 6: Mansfield up.
• 1:20:56
  Speaker 9: So that stayed up north.
• 1:20:57
  Speaker 6: Yeah, so that stayed up north, right. So, you know,
• 1:21:01
  Speaker 6: I thought I'd have him on because a lot of people,
• 1:21:04
  Speaker 6: I don't know what the controversy is with the BATF,
• 1:21:06
  Speaker 6: but gun enthusiasts don't seem to like the BATF. And
• 1:21:10
  Speaker 6: why is that?
• 1:21:11
  Speaker 9: Well, I don't know why it is that there are
• 1:21:15
  Speaker 9: certain people who have very strong feelings about ATF. I
• 1:21:19
  Speaker 9: will tell you, you know, in my career, I got
• 1:21:21
  Speaker 9: to know ATF first as a prosecutor. So I would
• 1:21:25
  Speaker 9: have agents who would come in. We were talking about
• 1:21:27
  Speaker 9: these kind of cases before we started, right, mostly doing
• 1:21:30
  Speaker 9: violent crime cases, mostly doing gang cases. I did a
• 1:21:36
  Speaker 9: great case here in the Valley when I was U.S.
• 1:21:38
  Speaker 9: attorney involving the LSP gang, right? That was a big
• 1:21:44
  Speaker 9: ATF case. So these kinds of cases, really, really not
• 1:21:47
  Speaker 9: controversial stuff, right? violent crime. And that really is the
• 1:21:51
  Speaker 9: way I would tell people what it is. ATF is
• 1:21:53
  Speaker 9: basically the federal law enforcement agency that's job is to
• 1:21:57
  Speaker 9: only focus on violent crime. There is also, that's 90%
• 1:22:03
  Speaker 9: of what happens, there's also a regulatory function. And I
• 1:22:08
  Speaker 9: think it's because of the strong feelings that people in
• 1:22:10
  Speaker 9: the United States have about firearms, about the Second Amendment,
• 1:22:15
  Speaker 9: about people who think there should be more regulation on firearms,
• 1:22:18
  Speaker 9: people who think there's less And also, honestly, sort of
• 1:22:22
  Speaker 9: the political climate we're in, which is just so incredibly divisive.
• 1:22:26
  Speaker 9: Everybody is mad at everybody else.
• 1:22:29
  Speaker 1: All the time.
• 1:22:30
  Speaker 9: And so you're right. As a director, I really went
• 1:22:33
  Speaker 9: there thinking it's a violent crime job, and we do
• 1:22:37
  Speaker 9: mostly violent crime things, and agents are incredible. Very dangerous job,
• 1:22:41
  Speaker 9: by the way, to be an ATF agent, because by definition,
• 1:22:44
  Speaker 9: every agent guy you go after is usually armed, right?
• 1:22:48
  Speaker 23: Right.
• 1:22:48
  Speaker 9: Because that's the cases that they do.
• 1:22:50
  Speaker 2: Sure.
• 1:22:52
  Speaker 9: But, you know, there's a lot of strong feelings about
• 1:22:55
  Speaker 9: the regulatory part of it, even though it may be
• 1:22:57
  Speaker 9: only 10-5% of..
• 1:23:00
  Speaker 6: So what's interesting, Ron, about the regulatory part, and I
• 1:23:05
  Speaker 6: didn't know this until I did an ATF case, There's
• 1:23:09
  Speaker 6: an office in West Virginia, right? We're in West Virginia?
• 1:23:12
  Speaker 9: Yes. In Martinburg, West Virginia is where a lot of
• 1:23:16
  Speaker 9: ATF's off-site offices are. There's a few locations.
• 1:23:19
  Speaker 6: That's one of them. Now, you would think a firearm
• 1:23:25
  Speaker 6: is a firearm, but there are a lot of components
• 1:23:29
  Speaker 6: under federal law that qualify as firearms. For instance, a
• 1:23:33
  Speaker 6: bullet is considered a firearm, right?
• 1:23:36
  Speaker 3: Well, a bullet..
• 1:23:39
  Speaker 9: In certain under certain statutes. So this is the United
• 1:23:42
  Speaker 9: States Congress, right? So they write them up, uh, and
• 1:23:46
  Speaker 9: they write them up, uh, 435 of them in one place,
• 1:23:49
  Speaker 9: a hundred in the other. And sometimes it comes out
• 1:23:52
  Speaker 9: looking like a camel that was put together by a committee.
• 1:23:56
  Speaker 4: Right.
• 1:23:56
  Speaker 24: Right.
• 1:23:56
  Speaker 9: Uh, so, you know, uh, yes, they're in the, in the,
• 1:24:00
  Speaker 9: in one of the main statutes, 18 USC section nine
• 1:24:03
  Speaker 9: 22 G, which is a law that says felons can't
• 1:24:06
  Speaker 9: have guns.
• 1:24:07
  Speaker 4: Right.
• 1:24:08
  Speaker 9: Uh, They also can't have bullets.
• 1:24:10
  Speaker 6: Because they're considered a firearm.
• 1:24:11
  Speaker 9: Right. Well, because in the statute, that's what it says.
• 1:24:14
  Speaker 6: And they also, you know, if something's a silencer, that's
• 1:24:17
  Speaker 6: considered a firearm too, correct?
• 1:24:18
  Speaker 9: Well, a silencer, there's a different statute. I know all
• 1:24:22
  Speaker 9: about this, having now been a director, right? There's a
• 1:24:25
  Speaker 9: different statute, the National Firearms Act. And the National Firearms
• 1:24:29
  Speaker 9: Act regulates certain other things. And they include silencers. Silencer
• 1:24:34
  Speaker 9: is one of the main things. Silencers... machine guns, certain
• 1:24:39
  Speaker 9: other destructive devices, they have a whole different scheme as
• 1:24:44
  Speaker 9: to how they get regulated.
• 1:24:45
  Speaker 6: But they're the ones that primarily determine if something's a
• 1:24:48
  Speaker 6: silence or not.
• 1:24:49
  Speaker 9: Well, yeah, there's a group of people down there in
• 1:24:51
  Speaker 9: Martinsburg who spend their lives examining firearms, everything that's firearms.
• 1:24:59
  Speaker 9: By the way, they have the most complete and really
• 1:25:02
  Speaker 9: fascinating firearms collection They have a museum in that building
• 1:25:08
  Speaker 9: that you'll ever see. Things from 100 years ago, 150
• 1:25:12
  Speaker 9: years ago, and things from last week. Yeah, it's wild.
• 1:25:16
  Speaker 6: It is wild. And so bump stocks were considered a firearm,
• 1:25:22
  Speaker 6: and then they weren't, right?
• 1:25:24
  Speaker 9: So bump stocks is a really interesting example. So if
• 1:25:30
  Speaker 9: you remember, This is, I don't know, 10 years ago.
• 1:25:33
  Speaker 6: The Vegas guy.
• 1:25:34
  Speaker 9: Yeah. In Las Vegas, there was a country music concert,
• 1:25:37
  Speaker 9: and we had the worst mass murder, mass shooting of
• 1:25:41
  Speaker 9: all time in the United States. I think it was
• 1:25:45
  Speaker 9: 60 or 70 people were killed, hundreds injured. And what
• 1:25:48
  Speaker 9: happened was some guy ran into a hotel room that
• 1:25:52
  Speaker 9: overlooked this country music concert, and he got this thing,
• 1:25:56
  Speaker 9: which really not that many people, I think, knew about,
• 1:25:58
  Speaker 9: called the bump stock, which basically... causes the weapon, a normal,
• 1:26:03
  Speaker 9: I think this was an AR, so a normal long-barreled weapon,
• 1:26:08
  Speaker 9: to fire incredibly rapidly. Okay, so I think most sort of, most,
• 1:26:13
  Speaker 9: I think, lay people, right, look at it and say
• 1:26:17
  Speaker 9: it's a machine gun. But it wasn't a machine gun
• 1:26:24
  Speaker 9: when that, it wasn't classified as a machine gun. Then
• 1:26:29
  Speaker 9: President Trump during the first Trump administration, after the Vegas shooting,
• 1:26:35
  Speaker 9: he said that he wanted to do some legislation. He
• 1:26:40
  Speaker 9: wanted to have some work on regulation. President Trump did.
• 1:26:43
  Speaker 9: And a lot of people in the firearms community, the
• 1:26:47
  Speaker 9: Second Amendment community, were like, no, no, no, no, no.
• 1:26:50
  Speaker 9: You shouldn't do that, right? And he then said, okay, well,
• 1:26:55
  Speaker 9: we won't do a law. I'm going to make a rule.
• 1:26:59
  Speaker 9: He called it, actually, by the way, his big, beautiful rule.
• 1:27:02
  Speaker 9: That's what he said in the press conference. And the
• 1:27:04
  Speaker 9: rule reclassified bump stocks as firearms. It changed the classification. So, actually,
• 1:27:14
  Speaker 9: I don't think there was litigation brought against it because
• 1:27:18
  Speaker 9: President Trump did it. I'm not sure about that, but
• 1:27:20
  Speaker 9: I'm pretty sure there wasn't. And then President Biden got
• 1:27:24
  Speaker 9: elected and immediately got sued, right? for this rule that
• 1:27:28
  Speaker 9: President Trump had made.
• 1:27:29
  Speaker 6: And it got overturned.
• 1:27:31
  Speaker 9: And it got overturned by the Supreme Court, divided Supreme
• 1:27:33
  Speaker 9: Court opinion. And, you know, it was a really, so
• 1:27:38
  Speaker 9: I went to that argument because I would go to
• 1:27:40
  Speaker 9: the arguments that involved ATF. And as you say, you know,
• 1:27:44
  Speaker 9: there's a lot of questioning about, well, how come it
• 1:27:47
  Speaker 9: be classified this way on this day and then a
• 1:27:52
  Speaker 9: year later it changes and And this is sort of
• 1:27:56
  Speaker 9: a bigger analogy about the way the regulatory state works, right?
• 1:28:01
  Speaker 9: And also, when you mix the regulatory state with a
• 1:28:05
  Speaker 9: politically divisive issue, how it comes out.
• 1:28:10
  Speaker 6: So the thing I can't understand, and Ron, I know, Ron,
• 1:28:15
  Speaker 6: you're pro-Second Amendment. I can't understand this gun show loophole.
• 1:28:20
  Speaker 6: When I tell people, There's a gun show loophole. They go,
• 1:28:23
  Speaker 6: what do you mean? I go, if you're not a
• 1:28:25
  Speaker 6: federally licensed firearm dealer, you could sell a gun to
• 1:28:30
  Speaker 6: a person at a gun show, and they could be
• 1:28:32
  Speaker 6: a felon, right? As long as you don't know.
• 1:28:34
  Speaker 9: Right. So what I always tell people is... there's no
• 1:28:40
  Speaker 9: such thing as the gun show loophole. It doesn't exist
• 1:28:44
  Speaker 9: in law. The test is, as you said, if you're
• 1:28:47
  Speaker 9: engaged in the business of selling firearms repetitively for profit.
• 1:28:52
  Speaker 9: So that's what the statute says. If you're doing that,
• 1:28:55
  Speaker 9: you need a license. If you're doing a private sale,
• 1:28:59
  Speaker 9: and you're not engaged in the business, you don't need
• 1:29:01
  Speaker 9: a license. And what it means to need a license
• 1:29:06
  Speaker 9: is that you have to run a background check because FFLs,
• 1:29:10
  Speaker 9: Federal Firearms Licensees, run background checks. So let's say you
• 1:29:14
  Speaker 9: go to a gun show, all right, and there are
• 1:29:18
  Speaker 9: a bunch of tables. You go to Niles or whatever
• 1:29:20
  Speaker 9: the gun show is.
• 1:29:20
  Speaker 6: They're all over the place, down south especially.
• 1:29:23
  Speaker 9: But there's one that's a pretty big one up here.
• 1:29:24
  Speaker 6: Oh, right.
• 1:29:25
  Speaker 4: Right?
• 1:29:25
  Speaker 9: So you go to the Niles gun show. And you
• 1:29:30
  Speaker 9: might have there, you know, however many tables. And you
• 1:29:33
  Speaker 9: might have one table that's a federal firearms licensee. You know,
• 1:29:36
  Speaker 9: this is where they sell on the days the gun
• 1:29:39
  Speaker 9: show is, right? They all run a background show, right?
• 1:29:42
  Speaker 9: And you might have at another table a collector, somebody
• 1:29:46
  Speaker 9: who is a true collector. They go to the gun
• 1:29:48
  Speaker 9: show because they're a firearms enthusiast, because they really enjoy guns,
• 1:29:53
  Speaker 9: and because this is a place to trade, to sort of,
• 1:29:56
  Speaker 9: you know, show their collection, maybe sell some, right? So
• 1:30:01
  Speaker 9: all that's fine. Those two people are totally fine. What
• 1:30:05
  Speaker 9: you can't do is sort of take a table next
• 1:30:09
  Speaker 9: to a collector, right, and, you know, have, you know,
• 1:30:13
  Speaker 9: 50 Glocks still in the shrink wrap, the same gun, right?
• 1:30:18
  Speaker 4: Right.
• 1:30:19
  Speaker 9: And say, well, I'm just collecting this one kind of gun. Right.
• 1:30:22
  Speaker 9: But they do that. And then sell that firearm. to
• 1:30:27
  Speaker 9: some guy who drives out from Cleveland, a gang member,
• 1:30:31
  Speaker 9: because they can't get the gun at a legitimate firearms dealer,
• 1:30:36
  Speaker 9: because most firearms dealers are law-abiding. They won't sell guns
• 1:30:39
  Speaker 9: to felons, right? And then you see this. I always
• 1:30:42
  Speaker 9: tell people you see this. Let's just imagine this.
• 1:30:45
  Speaker 3: Imagine you have the federal.
• 1:30:47
  Speaker 9: Firearms licensee at table number one, and they're selling that
• 1:30:50
  Speaker 9: Glock for $ 6. 50. Shrink wrap, here it is, $ 6.
• 1:30:53
  Speaker 4: 50, take it.
• 1:30:55
  Speaker 9: And you walk, you see somebody walk past that table
• 1:30:59
  Speaker 9: for $ 6. 50. And they go to a different table with a,
• 1:31:02
  Speaker 9: not a real collector, I'm going to put it in
• 1:31:04
  Speaker 9: air quotes, right, a collector. And they, same done for $ 9. 50.
• 1:31:08
  Speaker 6: And they walk past.
• 1:31:11
  Speaker 9: The $ 6. 50 and they buy it for $ 9. 50. And the reason,
• 1:31:14
  Speaker 9: of course, is, oh, there's no paperwork.
• 1:31:16
  Speaker 4: Right.
• 1:31:16
  Speaker 9: Right? That's what I have a problem with. Yeah, sure.
• 1:31:19
  Speaker 5: Sure.
• 1:31:19
  Speaker 9: But the first two are fine. Having an FFL and
• 1:31:22
  Speaker 9: a gun show is fine. But I tell people there's
• 1:31:23
  Speaker 9: no loophole. That person who sold that gun, who's engaged
• 1:31:27
  Speaker 9: in the business and selling without a license, I tell
• 1:31:31
  Speaker 9: people it's like when I was a kid, the green
• 1:31:33
  Speaker 9: egg's in hand. There's no location. It doesn't matter where
• 1:31:36
  Speaker 9: you break the law. You cannot do it in a car.
• 1:31:39
  Speaker 9: You cannot do it in a bar. You cannot do
• 1:31:41
  Speaker 9: it in a trunk. You cannot do it in your bunk.
• 1:31:45
  Speaker 9: So you are not allowed to do that Just because
• 1:31:49
  Speaker 9: you're in a gun show, what was happening was this
• 1:31:54
  Speaker 9: was starting to happen more and more. There were so
• 1:31:55
  Speaker 9: many people. And I think the people on the other
• 1:31:59
  Speaker 9: side in the gun control movement said, well, this is
• 1:32:03
  Speaker 9: the gun show loophole. They were trying to describe illegal conduct.
• 1:32:08
  Speaker 9: And that phrase kind of got misunderstood. And then people thought, oh,
• 1:32:12
  Speaker 9: there's a gun show loophole.
• 1:32:14
  Speaker 6: Well, it kind of is, though.
• 1:32:17
  Speaker 9: Well, if what you mean by loophole is.
• 1:32:22
  Speaker 6: That people get away with it. Yeah, a felon can
• 1:32:25
  Speaker 6: go to a gun show and buy a gun from
• 1:32:28
  Speaker 6: a private collector and there's no background check.
• 1:32:32
  Speaker 3: But that's not really a private collector to this point.
• 1:32:35
  Speaker 9: Right. Somebody who's calling, they're a legitimate private collector.
• 1:32:39
  Speaker 23: Essentially, there's two illegal people in the building.
• 1:32:42
  Speaker 3: The guy selling the gun, the guy buying the gun.
• 1:32:44
  Speaker 4: Right.
• 1:32:45
  Speaker 3: Because any reputable.
• 1:32:46
  Speaker 23: Firearms dealer wouldn't do that, and any reputable collector wouldn't
• 1:32:49
  Speaker 23: do it.
• 1:32:49
  Speaker 9: And I always tell people, you're exactly right, and I
• 1:32:51
  Speaker 9: always tell people, you know, the reputable, legitimate FFLs are
• 1:32:56
  Speaker 9: kind of victims of this. All right. Because it cuts
• 1:32:58
  Speaker 9: into their law-abiding business.
• 1:33:01
  Speaker 4: Yeah.
• 1:33:01
  Speaker 9: And, you know, people... you know, we have clients, right?
• 1:33:03
  Speaker 9: We have clients who play by the rules, businesses. And,
• 1:33:07
  Speaker 9: you know, just like in any business, you got one
• 1:33:08
  Speaker 9: guy who's playing by the rules, doing that in his eyes,
• 1:33:11
  Speaker 9: crossing his T's, wants to do the right thing in
• 1:33:13
  Speaker 9: whatever business. Then you got some other guy down the street,
• 1:33:17
  Speaker 9: cutting corners, you know, and this is whether it's construction,
• 1:33:21
  Speaker 9: whatever it is, right? And they're making more money, but
• 1:33:24
  Speaker 9: what they're doing is dangerous.
• 1:33:26
  Speaker 10: Yes.
• 1:33:26
  Speaker 9: It's the exact same idea.
• 1:33:27
  Speaker 5: I agree.
• 1:33:28
  Speaker 3: I tell people all the time, like, I'll use the
• 1:33:30
  Speaker 3: police as an example.
• 1:33:31
  Speaker 23: You know, you have somebody disgruntled because maybe the actions
• 1:33:34
  Speaker 23: of an officer or a couple of police officers. Well,
• 1:33:37
  Speaker 23: one officer or two bad police officers shouldn't dirty the
• 1:33:40
  Speaker 23: whole pool. There's hundreds of thousands of great ones, right?
• 1:33:44
  Speaker 23: But it's like that in any business. Doctors, lawyers, anybody
• 1:33:48
  Speaker 23: can ruin your..
• 1:33:49
  Speaker 6: And plus, private sales are not covered. So if I'm...
• 1:33:52
  Speaker 6: I can go on Facebook page or Marketplace, right? or
• 1:33:58
  Speaker 6: ebay and say hey i have a 357 for sale
• 1:34:02
  Speaker 6: and as long as i don't know the person buying
• 1:34:04
  Speaker 6: it is a felon and there's no obligation on me
• 1:34:07
  Speaker 6: to vet whether they're a felon.
• 1:34:10
  Speaker 9: Right but that you can do what you said unless
• 1:34:14
  Speaker 9: you're doing it uh in a way that you're actually
• 1:34:17
  Speaker 9: in business right.
• 1:34:18
  Speaker 6: You can't you can't there's no way they can keep
• 1:34:20
  Speaker 6: up with all that There's just no way.
• 1:34:22
  Speaker 9: Well, they do undercover cases. This is what we're talking about.
• 1:34:26
  Speaker 9: They're out there checking to make sure the marketplace is fair.
• 1:34:30
  Speaker 3: ATF scoops people up all the time out at gun shows.
• 1:34:34
  Speaker 3: I mean, they're always watching.
• 1:34:35
  Speaker 6: Yeah, but that's where a lot of felons get their guns.
• 1:34:38
  Speaker 6: A lot of felons get their guns from private people.
• 1:34:41
  Speaker 3: A lot of felons get their guns off the streets, too.
• 1:34:43
  Speaker 4: Yeah.
• 1:34:45
  Speaker 3: I interned with the ATF out of college.
• 1:34:48
  Speaker 9: Where at?
• 1:34:48
  Speaker 3: In the Youngstown office.
• 1:34:49
  Speaker 6: Come on.
• 1:34:50
  Speaker 3: Oh, no.
• 1:34:51
  Speaker 9: Now you look so young. You're going to kill me now.
• 1:34:54
  Speaker 6: He's only been practicing 10 years.
• 1:34:56
  Speaker 3: I'm 40.
• 1:34:57
  Speaker 4: Okay.
• 1:34:57
  Speaker 23: So I graduated from Ohio State in 08, and I
• 1:35:01
  Speaker 23: did the internship.
• 1:35:03
  Speaker 3: While I was at Ohio State. So it had to
• 1:35:06
  Speaker 3: be 07, 08, 06, 07. It was one of the
• 1:35:09
  Speaker 3: greatest experiences.
• 1:35:10
  Speaker 9: Who was running the office? Who was the rec?
• 1:35:11
  Speaker 3: Do you remember?
• 1:35:12
  Speaker 12: Yeah.
• 1:35:13
  Speaker 3: It was– oh, gosh.
• 1:35:15
  Speaker 1: Well, okay.
• 1:35:16
  Speaker 23: Frank D'Alessio had the office prior to, and Frank was
• 1:35:19
  Speaker 23: my connection in.
• 1:35:20
  Speaker 9: Okay.
• 1:35:21
  Speaker 4: All right.
• 1:35:21
  Speaker 23: So, um, but all, I became really good friends with
• 1:35:27
  Speaker 23: a few agents, one to this, a few to this day,
• 1:35:30
  Speaker 23: I'm super tight with, but one in particular. And Frank
• 1:35:33
  Speaker 23: is a guy that when he's in town, we taught,
• 1:35:35
  Speaker 23: we were all get together and have dinner. But, um,
• 1:35:39
  Speaker 23: It was one of the coolest experiences of my entire life.
• 1:35:43
  Speaker 23: And my uncle is a retired Columbus police officer. And
• 1:35:47
  Speaker 23: when I was in college, I wanted.
• 1:35:49
  Speaker 3: To go into the federal government. And he's like, you
• 1:35:51
  Speaker 3: got to go to the ATF. And I'm like, I
• 1:35:52
  Speaker 3: didn't even know what the ATF was.
• 1:35:54
  Speaker 9: I love this guy. I love this guy.
• 1:35:57
  Speaker 1: Frank, do me a favor. Frank's got to get a
• 1:35:59
  Speaker 1: little closer to his mic, too.
• 1:36:02
  Speaker 6: Can you turn up his mic, Leo?
• 1:36:03
  Speaker 9: Yeah.
• 1:36:04
  Speaker 4: So.
• 1:36:06
  Speaker 6: Frank, so my uncle.
• 1:36:07
  Speaker 3: Could you hear me, Ron?
• 1:36:08
  Speaker 1: Yeah, just be nice and close to the mic for me.
• 1:36:10
  Speaker 4: All right.
• 1:36:11
  Speaker 3: So my uncle was a retired Columbus, now retired.
• 1:36:14
  Speaker 23: He wasn't at the time. He said, you got to
• 1:36:16
  Speaker 23: try to get in the ATF. They're the bad boys
• 1:36:17
  Speaker 23: of the federal government. And I didn't understand what he meant,
• 1:36:21
  Speaker 23: but they did all the hard work, tons of undercover.
• 1:36:24
  Speaker 23: So when I went with those guys, they were infiltrating
• 1:36:26
  Speaker 23: bike gangs. It was fascinating. These guys took on... They're bikers, actually.
• 1:36:34
  Speaker 23: They're all retired bikers now.
• 1:36:36
  Speaker 6: They're the bad boys of the federal law enforcement.
• 1:36:38
  Speaker 23: They are a bunch of tough, rough guys, and they
• 1:36:43
  Speaker 23: were awesome. I had all the respect in the world
• 1:36:48
  Speaker 23: for those guys, but I was on a cover team.
• 1:36:50
  Speaker 9: Very dangerous job, right? Very dangerous job.
• 1:36:53
  Speaker 6: I'm on a.
• 1:36:53
  Speaker 3: Cover team on the south side of Youngstown.
• 1:36:55
  Speaker 23: I'm interning there, and I'm with I feel terrible that
• 1:36:59
  Speaker 23: I don't know who the special agent in charge was
• 1:37:01
  Speaker 23: because I know him. I can see him. And we're
• 1:37:06
  Speaker 23: on the south side. They're doing a buy, and an
• 1:37:08
  Speaker 23: agent gets shot.
• 1:37:10
  Speaker 9: Oh, my gosh.
• 1:37:10
  Speaker 6: And I'm there.
• 1:37:11
  Speaker 3: I mean, he's, thank God, was fine. But I'm in
• 1:37:15
  Speaker 3: the cover car. Like, we come around. It's crazy. I
• 1:37:17
  Speaker 3: found the gun in a trash can.
• 1:37:20
  Speaker 6: I never knew this.
• 1:37:20
  Speaker 23: Three houses down from the shooting because they were, obviously,
• 1:37:24
  Speaker 23: I mean, every department swarmed the area. After the shooting
• 1:37:29
  Speaker 23: and then, you know, we were canvassing the area trying
• 1:37:32
  Speaker 23: to find the shooter. And what was wild is as
• 1:37:34
  Speaker 23: we were coming up the street, this guy's walking by
• 1:37:37
  Speaker 23: and he's looking at our car and giving us like
• 1:37:39
  Speaker 23: a thumb behind him.
• 1:37:40
  Speaker 3: Like, yo, something happened over there. That was the shooter.
• 1:37:43
  Speaker 3: They caught him. I'll never forget. The FBI came in
• 1:37:45
  Speaker 3: and they put a team in around St.
• 1:37:47
  Speaker 12: Dom's.
• 1:37:48
  Speaker 3: Right on that boulevard.
• 1:37:49
  Speaker 6: I think I remember this place.
• 1:37:51
  Speaker 3: It was wild.
• 1:37:52
  Speaker 6: But loved.
• 1:37:54
  Speaker 23: Loved it. And I went to Detroit, took the test,
• 1:37:57
  Speaker 23: and you know who talked me out of going.
• 1:37:58
  Speaker 3: To the ATF?
• 1:37:59
  Speaker 6: Brian.
• 1:38:00
  Speaker 9: Brian Cox.
• 1:38:01
  Speaker 6: Because he was going to go to the FBI. I
• 1:38:03
  Speaker 6: talked Brian out of going to the FBI.
• 1:38:05
  Speaker 9: So, yeah, I was going to say you didn't finish
• 1:38:07
  Speaker 9: the story. You found the gun.
• 1:38:08
  Speaker 1: Yes.
• 1:38:08
  Speaker 9: And the FBI had the press conference.
• 1:38:12
  Speaker 3: That might be right, actually. It was wild.
• 1:38:15
  Speaker 6: So tell us about the tobacco part of the job.
• 1:38:17
  Speaker 9: There's really not much that happens– Comparatively in the tobacco
• 1:38:22
  Speaker 9: part of the job.
• 1:38:23
  Speaker 6: Except for them selling untaxed cigarettes, which there's an undermarket
• 1:38:27
  Speaker 6: for that, right?
• 1:38:28
  Speaker 9: Right. So the people selling the cigarettes without the stamp, right,
• 1:38:32
  Speaker 9: the untaxed cigarettes, I always tell people it's the opening
• 1:38:35
  Speaker 9: scene of Beverly Hills Cop. It's that guy when he's
• 1:38:40
  Speaker 9: in the back of the truck selling the smuggled cigarettes.
• 1:38:45
  Speaker 9: We'll do those cases. I mean, it's not we anymore,
• 1:38:47
  Speaker 9: but ATF will do those cases. Usually... They're more likely
• 1:38:50
  Speaker 9: to be done when there's a link to some other
• 1:38:53
  Speaker 9: criminal activity. And sometimes there is. These are funds. Sometimes
• 1:38:56
  Speaker 9: they're used to fund terrorism. There's a whole bunch of
• 1:38:58
  Speaker 9: other things. Sometimes used to fund other organized crime efforts.
• 1:39:03
  Speaker 9: Most of the time, though, those cases are done by
• 1:39:05
  Speaker 9: the state. It's a state tax.
• 1:39:07
  Speaker 6: How do they get their hands on untaxed? Because when
• 1:39:12
  Speaker 6: you buy a pack of cigarettes, there's a stamp on it, right?
• 1:39:14
  Speaker 6: It shows that you paid.
• 1:39:15
  Speaker 9: They smuggle it.
• 1:39:16
  Speaker 6: They smuggle it. From where?
• 1:39:17
  Speaker 9: Canada? Canada. Or overseas, I mean, it's like anything else.
• 1:39:22
  Speaker 9: They smuggle it, you know.
• 1:39:23
  Speaker 6: And the alcohol part of it?
• 1:39:24
  Speaker 9: The alcohol.
• 1:39:25
  Speaker 6: That has to be left over from probation. Yeah, yeah.
• 1:39:28
  Speaker 9: So the alcohol, tobacco, firearms, and explosives, you know, ATF
• 1:39:36
  Speaker 9: is a story of criminality in the United States sort
• 1:39:38
  Speaker 9: of following those things. So if you think about it,
• 1:39:41
  Speaker 9: back in the 30s, organized crime, A rose out of
• 1:39:44
  Speaker 9: the Al Capone days, a rose out of prohibition.
• 1:39:48
  Speaker 4: Right.
• 1:39:48
  Speaker 9: The Untouchables, by the way. Elliot Ness is all over
• 1:39:52
  Speaker 9: ATF headquarters. And I'm a Cleveland guy, so when I
• 1:39:56
  Speaker 9: was sworn in, I was sworn in right in front
• 1:39:58
  Speaker 9: of Elliot Ness. Yeah, that's cool.
• 1:40:01
  Speaker 6: That's very cool.
• 1:40:02
  Speaker 4: Yeah.
• 1:40:02
  Speaker 9: And, you know, I always joke, again, with our sister agency,
• 1:40:06
  Speaker 9: the FBI, I always say, yeah, You know, we got
• 1:40:10
  Speaker 9: Elliot Ness, you got J. Edgar Hoover. Tell me.
• 1:40:13
  Speaker 6: I'll take Elliot Ness.
• 1:40:14
  Speaker 9: Our guy was a real cop.
• 1:40:16
  Speaker 4: Right.
• 1:40:16
  Speaker 9: You have Elliot Ness, and so you have the alcohols
• 1:40:18
  Speaker 9: that were growing out of it. Of course, the law changed.
• 1:40:20
  Speaker 9: Prohibition ended. And alcohol became, you know, a legitimate product
• 1:40:24
  Speaker 9: in the United States.
• 1:40:26
  Speaker 6: There's still moonshiners out there, though.
• 1:40:28
  Speaker 4: Right.
• 1:40:28
  Speaker 9: But, you know, really, the focus was on criminality all along.
• 1:40:33
  Speaker 4: Then..
• 1:40:35
  Speaker 9: You have firearms, which we talked about, and firearms violence
• 1:40:39
  Speaker 9: is a big problem in the United States. We can
• 1:40:42
  Speaker 9: talk more about that and why that is. And if
• 1:40:45
  Speaker 9: any of you can tell me why it all happens,
• 1:40:47
  Speaker 9: you get a Nobel Prize because, I mean, I think
• 1:40:50
  Speaker 9: my conclusion is it's not one thing. It's 100 different things.
• 1:40:53
  Speaker 9: And when people say it's. It's not this, it's not that.
• 1:40:57
  Speaker 1: Let's hang on a second, Dave. We'll pause for our
• 1:40:59
  Speaker 1: headlines at 5.30, and then we'll pick it up with
• 1:41:01
  Speaker 1: the discussion.
• 1:41:02
  Speaker 6: Ron, I want you to ask him some questions.
• 1:41:04
  Speaker 1: It's fascinating. I'm busy. used to be in charge of
• 1:41:13
  Speaker 1: the Bureau of Alcohol, Tobacco, and Firearms on the program.
• 1:41:18
  Speaker 1: Fascinating discussion that we're learning about here. Where did I–
• 1:41:23
  Speaker 1: I misplaced my machine gun. I got it here somewhere.
• 1:41:27
  Speaker 1: I'm looking for it. It's around here somewhere.
• 1:41:29
  Speaker 6: So we were just talking about that at break.
• 1:41:33
  Speaker 1: My machine gun?
• 1:41:34
  Speaker 6: No, you can buy a tax stamp, right? Because that's
• 1:41:38
  Speaker 6: what it's called, a tax stamp, right?
• 1:41:40
  Speaker 9: Finishing you should be if.
• 1:41:42
  Speaker 6: The machine gun was made before 1986 you can buy
• 1:41:47
  Speaker 6: a tax stamp they're expensive though right.
• 1:41:50
  Speaker 9: Machine machine guns that are antique machine guns like a
• 1:41:53
  Speaker 9: tommy gun i mean you might be thirty thousand dollars for.
• 1:41:55
  Speaker 6: Those the tax no no no the check.
• 1:41:58
  Speaker 9: The the firearm i mean these these are incredibly valuable
• 1:42:02
  Speaker 9: firearms the uh the old you know the 1930 tommy's
• 1:42:06
  Speaker 9: gun tommy guns and they're used they're they're they're possessed
• 1:42:09
  Speaker 9: by collectors or They're not typically crime guns, right? But
• 1:42:15
  Speaker 9: we do have a huge machine gun problem in the country,
• 1:42:18
  Speaker 9: and the machine gun problem in the country is being
• 1:42:21
  Speaker 9: driven by 3-D printed pieces of plastic that are about
• 1:42:27
  Speaker 9: two or three inches tall, and they're made to defeat
• 1:42:32
  Speaker 9: the seer in the firearm. You stick them in there,
• 1:42:34
  Speaker 9: it takes two seconds, and you turn just a standard
• 1:42:36
  Speaker 9: clock into a machine gun. And so you talked about
• 1:42:40
  Speaker 9: bump stocks in the Supreme Court case. After the bump
• 1:42:44
  Speaker 9: stock cases, there have been a series of other devices
• 1:42:47
  Speaker 9: that work totally differently from bump stocks and actually do
• 1:42:50
  Speaker 9: defeat the mechanism. And I think everybody agrees that a
• 1:42:54
  Speaker 9: lot of these, what are called Glock switches, are incredibly dangerous.
• 1:42:58
  Speaker 9: And they're all over the place.
• 1:43:00
  Speaker 1: And think about it.
• 1:43:02
  Speaker 6: They're illegal, the Glock switches?
• 1:43:04
  Speaker 1: Yes, sir.
• 1:43:05
  Speaker 9: They're illegal.
• 1:43:06
  Speaker 3: Is there another name for them, too?
• 1:43:07
  Speaker 9: Well, there's so many different kinds. There's all of these
• 1:43:11
  Speaker 9: different kinds of machine gun conversion devices. The Glock switches
• 1:43:15
  Speaker 9: are the ones that I see the most. But, yes,
• 1:43:17
  Speaker 9: there's a lot of names for different ones. I would see,
• 1:43:22
  Speaker 9: you know, and so many can be made now on
• 1:43:25
  Speaker 9: 3D printers. We did a case. We did a Latin
• 1:43:27
  Speaker 9: Kings case in New Jersey. And, you know, you do
• 1:43:32
  Speaker 9: the investigation. Then you do a search warrant on that thing.
• 1:43:34
  Speaker 9: You round up everybody who's been indicted. And they went
• 1:43:37
  Speaker 9: into a garage, a home, to do the search warrant,
• 1:43:41
  Speaker 9: to do the takedown. And in the garage, there's like
• 1:43:44
  Speaker 9: four 3D printers going in the Latin Kings. There's a
• 1:43:46
  Speaker 9: key of cocaine here. You know, there's a gun over there.
• 1:43:51
  Speaker 9: And there's all these printers warring. And what they are
• 1:43:53
  Speaker 9: is they're printing machine gun conversion devices for these Latin Kings.
• 1:43:59
  Speaker 6: Now, you can print a 3D gun as long as
• 1:44:02
  Speaker 6: it has some metal in it, correct? So, it..
• 1:44:06
  Speaker 9: Whether it's printing or just gunsmithing, you are allowed to
• 1:44:08
  Speaker 9: make your own firearm. Privately made firearms are legal in
• 1:44:12
  Speaker 9: the United States. So whether it's 3D printing or some
• 1:44:15
  Speaker 9: other way, but there is something called the Undetectable Firearms Act,
• 1:44:20
  Speaker 9: which Congress renewed during my time at ATF, which basically
• 1:44:25
  Speaker 9: was passed in order to make it so that airports, stadiums,
• 1:44:31
  Speaker 9: the metal detectors at these places can be actually functional
• 1:44:35
  Speaker 9: and protect us So you have to have a certain
• 1:44:38
  Speaker 9: amount of metal in firearms. I forgot it's a certain
• 1:44:40
  Speaker 9: number of ounces of metal because that's when the detectors go. Now,
• 1:44:44
  Speaker 9: the reality is technology is fast outstripping the law. That's
• 1:44:50
  Speaker 9: probably pretty common, not just in firearms. And so this
• 1:44:55
  Speaker 9: is what I say. One of the things I learned
• 1:44:57
  Speaker 9: from being at ATF is this politicization of all of
• 1:45:03
  Speaker 9: this is hurting everybody, And because we can't get things
• 1:45:08
  Speaker 9: done that I think that there's a large consensus on.
• 1:45:11
  Speaker 9: You know, if there are things that people think are controversial,
• 1:45:14
  Speaker 9: that people think are bad, I understand not Congress not
• 1:45:18
  Speaker 9: being able to sort of move on that. There's a
• 1:45:22
  Speaker 9: lot of things, I think, that people who have very
• 1:45:24
  Speaker 9: different views on firearms could still probably agree on.
• 1:45:28
  Speaker 6: How is it that..
• 1:45:28
  Speaker 9: And we can't get those done. We need to be
• 1:45:30
  Speaker 9: able to get those done. And leave the controversial ones,
• 1:45:33
  Speaker 9: I get it.
• 1:45:34
  Speaker 6: I see these gun shows where they have firing ranges,
• 1:45:37
  Speaker 6: and those automatic weapons they're firing are not made before 1986.
• 1:45:41
  Speaker 6: They're M16s, they're M4s.
• 1:45:43
  Speaker 4: How is that..
• 1:45:49
  Speaker 9: So it depends. I don't know the situation of what's
• 1:45:52
  Speaker 9: going on at the particular. I know that we did
• 1:45:55
  Speaker 9: some cases during the time I was at ATF that
• 1:45:59
  Speaker 9: involved the misuse of what's called a law letter. And
• 1:46:04
  Speaker 9: what a law letter is, is that, you know, obviously
• 1:46:06
  Speaker 9: there's an exception for police and military. So if you're
• 1:46:09
  Speaker 9: a police chief and you think that you want to
• 1:46:12
  Speaker 9: purchase automatic weapons, machine gun for your SWAT team or
• 1:46:14
  Speaker 9: what be it, you're allowed to sort of get get
• 1:46:17
  Speaker 9: it there and try it out and have a sample.
• 1:46:19
  Speaker 4: Right.
• 1:46:20
  Speaker 9: And so you need a firearms dealer to do that.
• 1:46:23
  Speaker 9: So the firearms dealer gets the police chief to sign
• 1:46:26
  Speaker 9: a law letter and send it into ATF and they
• 1:46:28
  Speaker 9: approve it. And, and we, there were these cases where the, uh,
• 1:46:33
  Speaker 9: the police chiefs were not, I mean, this is a,
• 1:46:35
  Speaker 9: you know, I remember one case in Iowa. I mean,
• 1:46:38
  Speaker 9: it was a tiny little police department in a very
• 1:46:41
  Speaker 9: rural town. They didn't have a big crimes and, you know,
• 1:46:44
  Speaker 9: the chief who also ran a gun store, and he
• 1:46:49
  Speaker 9: was signing letters for himself, and he had.
• 1:46:52
  Speaker 4: 50s.
• 1:46:52
  Speaker 6: He had.
• 1:46:53
  Speaker 9: 50 caliber, and what he was really doing was he
• 1:46:56
  Speaker 9: wasn't using them for the police department. He was charging
• 1:46:59
  Speaker 9: people for an experience.
• 1:47:01
  Speaker 6: I've seen that, and that's how they get around that.
• 1:47:03
  Speaker 9: Well, I don't know what's going on in Europe, but
• 1:47:05
  Speaker 9: that's the way this person got around it, and we
• 1:47:07
  Speaker 9: see that, and it's an abuse of the process. That
• 1:47:10
  Speaker 9: exception is there for cops. It's not there for... for
• 1:47:15
  Speaker 9: people to abuse. I don't know, though, at the gun
• 1:47:18
  Speaker 9: show you're talking about.
• 1:47:19
  Speaker 6: Well, no, I had a friend that went to a
• 1:47:22
  Speaker 6: gun range, and they had all these different kind of
• 1:47:25
  Speaker 6: automatic weapons that you could fire. You paid a lot
• 1:47:28
  Speaker 6: of money for the ammunition, and then you got up
• 1:47:31
  Speaker 6: there and you got to just rip through a magazine
• 1:47:34
  Speaker 6: with an M4, an M16, or whatever. And I was
• 1:47:36
  Speaker 6: always wondering how that's legal. I just didn't understand that.
• 1:47:41
  Speaker 9: Yeah, and it might be or it might not be.
• 1:47:44
  Speaker 9: It depends on the individual. That's the one thing you
• 1:47:46
  Speaker 9: learn as a lawyer, right? You've got to know the
• 1:47:50
  Speaker 9: circumstances before you really know what somebody's doing.
• 1:47:53
  Speaker 6: I've got to tell you, I never owned a firearm
• 1:47:56
  Speaker 6: until my son enlisted. Now, I have a gun safe
• 1:48:00
  Speaker 6: in my basement. I have an AR, two MP shields,.
• 1:48:05
  Speaker 9: 357, a shotgun.
• 1:48:05
  Speaker 6: Ask me. The only thing I know how to operate
• 1:48:11
  Speaker 6: is that. 357 because you put the bullets in and
• 1:48:13
  Speaker 6: you pull the trigger. I don't like the slides because
• 1:48:16
  Speaker 6: no one's really taught me. My son won't teach me
• 1:48:19
  Speaker 6: how to load. the ar fire the ar make sure
• 1:48:22
  Speaker 6: the ar is clear nothing so i'm ready for the
• 1:48:25
  Speaker 6: zombie apocalypse i just don't know how to use any.
• 1:48:27
  Speaker 9: Of them well i will say this like a free
• 1:48:29
  Speaker 9: commercial it's going to give me a microphone the other
• 1:48:32
  Speaker 9: thing that i think is really important about what you
• 1:48:34
  Speaker 9: said is you have a safe yeah I tell people
• 1:48:37
  Speaker 9: this all the time. It is so important to safely
• 1:48:40
  Speaker 9: store your firearms. I tell people there is a right
• 1:48:44
  Speaker 9: to keep and bear arms in this country in the
• 1:48:46
  Speaker 9: Second Amendment, but there is a responsibility we have as
• 1:48:49
  Speaker 9: Americans to exercise that right in a safe way. There's
• 1:48:53
  Speaker 9: no law, but there's a responsibility. And one of the
• 1:48:56
  Speaker 9: things that I really tell people is either have it
• 1:49:00
  Speaker 9: secure or leave it at home. we see all the
• 1:49:06
  Speaker 9: time gangs, criminals, who go to a mall, and they
• 1:49:12
  Speaker 9: go to each car, and they know which cars to
• 1:49:16
  Speaker 9: look for. They profile the cars, right? And they're probably
• 1:49:20
  Speaker 9: less likely to be a firearm. And what's those little cars?
• 1:49:24
  Speaker 4: Prius.
• 1:49:25
  Speaker 9: Yeah, Prius. And a Mercedes or something. No, I was
• 1:49:31
  Speaker 9: going to say they didn't pick up, right?
• 1:49:32
  Speaker 4: Yeah, sure.
• 1:49:34
  Speaker 9: They know where to go. They break into the cars,
• 1:49:37
  Speaker 9: and they look under the seats. And, you know, in
• 1:49:40
  Speaker 9: one year in the United States, we did a study
• 1:49:42
  Speaker 9: on this at ATF. In one year, I can't remember,
• 1:49:45
  Speaker 9: there's something like 250,000 firearms stolen. And let me tell
• 1:49:49
  Speaker 9: you something about when you leave your gun in your
• 1:49:51
  Speaker 9: car and go into the mall or the Starbucks and
• 1:49:54
  Speaker 9: it's stolen. I'll tell you something about that firearm. Nobody
• 1:49:57
  Speaker 9: who stole that firearm from your car is going hunting
• 1:50:00
  Speaker 9: with it.
• 1:50:00
  Speaker 13: Right.
• 1:50:01
  Speaker 1: They're not collectors.
• 1:50:02
  Speaker 9: Right. That gun is going straight to the street, and
• 1:50:05
  Speaker 9: it's going to be used to hurt somebody in your community.
• 1:50:07
  Speaker 9: So please, you know, make the investment. Take the time
• 1:50:12
  Speaker 9: and store your firearm safely. I know it costs some money.
• 1:50:14
  Speaker 9: I do. But it's just one of these things as
• 1:50:17
  Speaker 9: an American about trying to be a better neighbor.
• 1:50:19
  Speaker 6: Yeah.
• 1:50:20
  Speaker 9: Please do that. So I really think that's important to
• 1:50:22
  Speaker 9: tell people.
• 1:50:23
  Speaker 6: And I noticed that law enforcement and prosecutor's officers are
• 1:50:27
  Speaker 6: starting to charge more with these parents that freely leave
• 1:50:31
  Speaker 6: their guns out Knowing their child's a little off.
• 1:50:35
  Speaker 3: It's the school shootings, really, is what precipitated.
• 1:50:38
  Speaker 4: That whole thing.
• 1:50:39
  Speaker 6: And I don't understand why that's just a problem in
• 1:50:41
  Speaker 6: this country.
• 1:50:42
  Speaker 9: You know, every case is different. So sometimes the parents
• 1:50:45
  Speaker 9: are not at fault.
• 1:50:46
  Speaker 6: No, I agree.
• 1:50:47
  Speaker 23: I'm saying, but what you're describing, right, is all of
• 1:50:50
  Speaker 23: a sudden parents are getting charged.
• 1:50:51
  Speaker 3: And I agree.
• 1:50:52
  Speaker 23: A lot of times parents aren't at fault, right? But,
• 1:50:55
  Speaker 23: I mean, I've only seen what you're describing in a
• 1:50:57
  Speaker 23: mass shooting.
• 1:51:00
  Speaker 9: The one, ATF was involved in the case in Michigan
• 1:51:04
  Speaker 9: where the parents were prosecuted.
• 1:51:07
  Speaker 6: And they got a conviction, right?
• 1:51:08
  Speaker 9: They did. A state case. And they got two convictions,
• 1:51:12
  Speaker 9: I think, if I remember correctly. And, you know, look,
• 1:51:15
  Speaker 9: if you look at the facts in that case, I think,
• 1:51:18
  Speaker 9: you know, there was some pretty compelling evidence that, I mean,
• 1:51:22
  Speaker 9: they just, the parents really were in the wrong there. But,
• 1:51:26
  Speaker 9: you know, like everybody, right? I mean, You have kids and,
• 1:51:29
  Speaker 9: you know, you hope your kids, you know, choose to
• 1:51:32
  Speaker 9: do something like your kid's doing to be a hero.
• 1:51:35
  Speaker 9: But you're worried.
• 1:51:36
  Speaker 6: My son is over the edge. He goes, we don't
• 1:51:39
  Speaker 6: need regulations on machine guns. I said, well, what about
• 1:51:43
  Speaker 6: a bazooka, Joseph? Should you have a bazooka? If I
• 1:51:46
  Speaker 6: want to buy a tank, I should be able to
• 1:51:47
  Speaker 6: go out and buy a tank. I go, well, luckily,
• 1:51:50
  Speaker 6: a majority of Americans don't agree with you. We should
• 1:51:52
  Speaker 6: have machine guns. I want the Army as well-equipped as possible,
• 1:51:56
  Speaker 6: police well-equipped as possible, but I don't think private citizens
• 1:52:00
  Speaker 6: should have machine guns.
• 1:52:02
  Speaker 9: Anybody who's listening to this who thinks that a private
• 1:52:06
  Speaker 9: citizen should be able to get a tank, any person,
• 1:52:09
  Speaker 9: they should meet Dave Beatrice. Then I'm going to change
• 1:52:12
  Speaker 9: their mind right away because I could just have a
• 1:52:14
  Speaker 9: nightmare of Dave Beatrice driving around in a tank, you know?
• 1:52:17
  Speaker 6: Ron, do we have any calls? Anyone want to talk
• 1:52:20
  Speaker 6: to the Mercedes?
• 1:52:21
  Speaker 1: Well, it's a fascinating discussion. Dave, I've been a little
• 1:52:25
  Speaker 1: bit busy. I'm almost done. I'm filing the serial number
• 1:52:28
  Speaker 1: off of the snub-nosed 38.
• 1:52:29
  Speaker 6: No, that's against the law.
• 1:52:32
  Speaker 1: No, it's taking forever. I almost have it done here.
• 1:52:34
  Speaker 6: There's something else I want to talk to Steve about.
• 1:52:36
  Speaker 9: By the way, can I say something about that? So
• 1:52:38
  Speaker 9: good luck with that because ATF has an amazing ability
• 1:52:43
  Speaker 9: to restore serial numbers.
• 1:52:45
  Speaker 6: The forensics anymore are incredible.
• 1:52:48
  Speaker 9: They showed me this. We have a lab. ATF has
• 1:52:51
  Speaker 9: a lab outside of D.C. They do incredible work there.
• 1:52:54
  Speaker 9: They really pioneered the DNA work that's used to trace
• 1:52:58
  Speaker 9: firearms from touch DNA.
• 1:53:00
  Speaker 4: Sure.
• 1:53:00
  Speaker 9: Incredible work. But the other thing they do, it's literally
• 1:53:03
  Speaker 9: like a party trick. It's a magic thing. They could
• 1:53:05
  Speaker 9: take a firearm where the serial number has been filed off,
• 1:53:09
  Speaker 9: and they add their potions and treat it.
• 1:53:11
  Speaker 1: In whatever way.
• 1:53:12
  Speaker 9: And the serial number, like right in front of your eyes,
• 1:53:14
  Speaker 9: comes back.
• 1:53:15
  Speaker 6: Seriously.
• 1:53:16
  Speaker 12: Yeah.
• 1:53:16
  Speaker 9: Now it fades away in like 20, 30 seconds, but
• 1:53:18
  Speaker 9: they take a picture and that's evidence in the case.
• 1:53:20
  Speaker 9: And it's crazy. So people, so you better file pretty good.
• 1:53:24
  Speaker 1: Well, I better get the next one up.
• 1:53:25
  Speaker 9: They're going to come for you, my friend.
• 1:53:27
  Speaker 1: I better get a more aggressive file, I think, on
• 1:53:29
  Speaker 1: this one. As he was talking and you guys were
• 1:53:32
  Speaker 1: talking about background checks, what's his reaction? There's the honor
• 1:53:35
  Speaker 1: system on these background checks when it comes to mental
• 1:53:38
  Speaker 1: health issues. And it's basically the honor system. There's no
• 1:53:42
  Speaker 1: follow-up to see if you're telling the truth or not.
• 1:53:45
  Speaker 6: Or a drug-addicted person, too.
• 1:53:46
  Speaker 1: So how good is that?
• 1:53:47
  Speaker 9: I think Hunter Biden.
• 1:53:48
  Speaker 6: Was one of the very few people I know that
• 1:53:51
  Speaker 6: was convicted for being addicted and buying a firearm. Right.
• 1:53:58
  Speaker 1: I mean, keep this in mind before you answer that.
• 1:53:59
  Speaker 6: You know any other cases like that?
• 1:54:01
  Speaker 1: Before you answer that mental health question, remember, Beatrice has firearms,
• 1:54:05
  Speaker 1: and we're asking ourselves.
• 1:54:05
  Speaker 6: Go ahead.
• 1:54:09
  Speaker 9: No, I mean, you know, look, there is a lot
• 1:54:15
  Speaker 9: that goes– I said we'd talk about this. There's a
• 1:54:17
  Speaker 9: lot of different things that are driving the violent crime
• 1:54:20
  Speaker 9: problem in the United States. It's not one thing or
• 1:54:23
  Speaker 9: two things. And I really want people to understand that,
• 1:54:28
  Speaker 9: in my mind at least, you know, 40,000 people every
• 1:54:32
  Speaker 9: year are killed with firearms, and those are just the homicides, right?
• 1:54:37
  Speaker 12: Right.
• 1:54:38
  Speaker 6: What about suicides?
• 1:54:39
  Speaker 9: Suicides are, yeah, suicides are more. Suicides are more. And,
• 1:54:45
  Speaker 9: you know, and maybe I have the number wrong because
• 1:54:47
  Speaker 9: I'm a little rusty on my numbers having left ATF,
• 1:54:50
  Speaker 9: but it's about 120 people a day from firearms violence.
• 1:54:56
  Speaker 9: And I guess what I would just say is, you know,
• 1:54:58
  Speaker 9: I don't think in the, and by the way, that's
• 1:55:01
  Speaker 9: way more than all of the countries that you'd think
• 1:55:04
  Speaker 9: compared to sort of large modern countries. Not just 10% more, maybe,
• 1:55:11
  Speaker 9: I think maybe Great Britain 450 times more or 450% more.
• 1:55:19
  Speaker 9: And so we have an issue. Violent crime is an
• 1:55:22
  Speaker 9: issue in the United States. Law enforcement has a very
• 1:55:25
  Speaker 9: hard job. They're working hard every day to do it.
• 1:55:28
  Speaker 9: I don't think it's fair to put it all on
• 1:55:30
  Speaker 9: law enforcement. We can have, I firmly believe this, We
• 1:55:35
  Speaker 9: can have a country where people have the Second Amendment
• 1:55:38
  Speaker 9: right to keep and bear arms, and we can do
• 1:55:41
  Speaker 9: things to make it safer. Maybe not perfectly safe, but
• 1:55:44
  Speaker 9: a little bit safer. And that's the other thing I
• 1:55:47
  Speaker 9: sort of try to tell people who I try to
• 1:55:50
  Speaker 9: talk with about this. As I said, nobody's going to
• 1:55:55
  Speaker 9: come to take away your guns and your rights. What
• 1:55:59
  Speaker 9: people might ask you to do is go through some
• 1:56:02
  Speaker 9: hoops or some inconvenience. And I know it's not what
• 1:56:06
  Speaker 9: you want to do, but we have to try and
• 1:56:10
  Speaker 9: do things that at the margins can save lives because
• 1:56:12
  Speaker 9: with such a big problem of people, uh, dying, um,
• 1:56:17
  Speaker 9: if you can just take it one or 2%, it's
• 1:56:21
  Speaker 9: a lot of lives, right? And so, so I understand
• 1:56:24
  Speaker 9: I really do. And, uh, you know, a lot of people,
• 1:56:28
  Speaker 9: because I was in the Biden administration, just automatically sort
• 1:56:31
  Speaker 9: of assume certain things and they didn't like when I,
• 1:56:33
  Speaker 9: I did certain things. Uh, But the truth of the
• 1:56:36
  Speaker 9: matter is the ATF, except for the director, except for
• 1:56:41
  Speaker 9: me and whoever specializes in the point, is not a
• 1:56:45
  Speaker 9: political agency. It's a law enforcement agency. These are apolitical people.
• 1:56:50
  Speaker 9: These are really brave men and women out there. And
• 1:56:54
  Speaker 9: they often get thrown into this debate. I'm not talking
• 1:56:57
  Speaker 9: about Steve Dallabank. I'm talking about the real people who
• 1:57:00
  Speaker 9: are out there.
• 1:57:00
  Speaker 6: Doing this work. Well, I know the gun enthusiasts do
• 1:57:03
  Speaker 6: not like the ATF.
• 1:57:05
  Speaker 9: Yeah, and I just wish, if they don't want to
• 1:57:07
  Speaker 9: like me, okay, I'm a big boy, I can take it, right?
• 1:57:12
  Speaker 9: But the men and women who are out there risking
• 1:57:14
  Speaker 9: their lives in ATF to protect our communities, I would
• 1:57:18
  Speaker 9: hope we could just set them aside from the politics.
• 1:57:23
  Speaker 6: Yeah, unfortunately, it's such a politic. One other thing I
• 1:57:27
  Speaker 6: want to ask you about. I've seen lately where ballistics
• 1:57:31
  Speaker 6: are coming under Daubert challenges everywhere. and not being accepted
• 1:57:35
  Speaker 6: in the court. I mean, really, it's a trend now where,
• 1:57:41
  Speaker 6: you know, it used to be accepted science, and now
• 1:57:45
  Speaker 6: there's some courts I'm seeing that aren't letting ballistics come in, right?
• 1:57:49
  Speaker 9: Yeah, so, yeah, I've seen some of that starting as well,
• 1:57:53
  Speaker 9: and it's really, I really hope that we don't check
• 1:57:59
  Speaker 9: our common sense at the door on this because the
• 1:58:02
  Speaker 9: science has gotten so much better on ballistics. Things are
• 1:58:06
  Speaker 9: better than they used to be in terms of the
• 1:58:10
  Speaker 9: ability to do matches. And, you know, the National Integrated
• 1:58:14
  Speaker 9: Ballistic Information Network, or NIBIN, is a true game changer.
• 1:58:19
  Speaker 6: It really is. So if a gun has ever been
• 1:58:24
  Speaker 6: used in a crime, it goes into this national database, correct?
• 1:58:27
  Speaker 9: Well, no, it's the cartridge casing.
• 1:58:29
  Speaker 6: The cartridge casing.
• 1:58:30
  Speaker 4: Right.
• 1:58:30
  Speaker 9: So you go to it, yes, and it goes into
• 1:58:33
  Speaker 9: the national database. And what it is is just the
• 1:58:37
  Speaker 9: way that the hammer strikes the back of the bullet.
• 1:58:41
  Speaker 9: And the scrapings that are made as the firearm ejects
• 1:58:44
  Speaker 9: the expended cartridge casing.
• 1:58:46
  Speaker 6: It's unique to every firearm.
• 1:58:47
  Speaker 9: It's unique to every firearm.
• 1:58:48
  Speaker 6: It's just amazing to me that it's unique to every firearm.
• 1:58:51
  Speaker 6: And the way the bullet comes out, too, the grooves.
• 1:58:55
  Speaker 9: That's a different thing, right? That's ballistics, right? Old-fashioned ballistics, yes.
• 1:59:01
  Speaker 9: But the problem with ballistics is it's a lot harder
• 1:59:05
  Speaker 9: to find the expended bullet than it is the expended
• 1:59:09
  Speaker 9: cartridge casing.
• 1:59:10
  Speaker 4: Right.
• 1:59:10
  Speaker 9: And it really has large, I mean, if you talk
• 1:59:14
  Speaker 9: to homicide detectives all over the country, they'll tell you
• 1:59:17
  Speaker 9: this is a true game changer.
• 1:59:19
  Speaker 6: Do you know what we're talking about here, Ron?
• 1:59:21
  Speaker 4: Yes.
• 1:59:23
  Speaker 6: So when a shell casing comes out, so if you're
• 1:59:25
  Speaker 6: not using a revolver, you're using a slide, what I
• 1:59:29
  Speaker 6: call a slide. It ejects the shell casing. If you're
• 1:59:33
  Speaker 6: using a revolver, that shell casing doesn't come out. Just
• 1:59:35
  Speaker 6: the bullet comes out. But most people that have Glocks
• 1:59:39
  Speaker 6: or 9mms, That shell casing comes out. They find those
• 1:59:42
  Speaker 6: shell casings. There's a national database. So you might have
• 1:59:46
  Speaker 6: a weapon that's used in Ohio, and they could trace
• 1:59:49
  Speaker 6: it to Oklahoma based on this national database and trace
• 1:59:53
  Speaker 6: down this weapon. It's pretty amazing stuff.
• 1:59:56
  Speaker 9: Yeah, there's a guy who is, you know, talk about
• 1:59:59
  Speaker 9: sort of unheralded heroes. There's a fellow named Tom Brandon.
• 2:00:04
  Speaker 9: Tom Brandon was the acting, the non-politically appointed acting. He's
• 2:00:09
  Speaker 9: a longtime agent. storied agent ran different offices and then
• 2:00:13
  Speaker 9: he became the acting director and he really doubled down
• 2:00:18
  Speaker 9: on investing in the ability to quickly turn around and
• 2:00:21
  Speaker 9: he came up with the idea that we would create
• 2:00:24
  Speaker 9: a place where all of these all of these requests
• 2:00:29
  Speaker 9: for when you got a cartridge case and would go
• 2:00:31
  Speaker 9: into one central place and gulp and he built it
• 2:00:35
  Speaker 9: in Huntsville, Alabama and He committed to every police department
• 2:00:40
  Speaker 9: who signed up for the program that in under 48 hours,
• 2:00:44
  Speaker 9: every single analysis would be run. So you'd have an
• 2:00:49
  Speaker 9: answer in under 48 hours. And what he said, Dave,
• 2:00:53
  Speaker 9: and this goes to your point also about the courts,
• 2:00:55
  Speaker 9: he said you're not understanding this tool right. It's really brilliant, actually.
• 2:01:00
  Speaker 9: You're not understanding the tool right. It's not courtroom evidence.
• 2:01:06
  Speaker 9: It's a lead in an ongoing homicide investigation. And the
• 2:01:10
  Speaker 9: chances that we're going to actually ever have to put
• 2:01:13
  Speaker 9: this evidence on at trial are very slim. But if
• 2:01:20
  Speaker 9: you can get back to them with the name of
• 2:01:22
  Speaker 9: the person who owns that firearm, you can do a
• 2:01:26
  Speaker 9: search warrant. You can do an interview.
• 2:01:28
  Speaker 6: I just had a case within the last year where
• 2:01:30
  Speaker 6: they had a hit and they traced the gun back
• 2:01:34
  Speaker 6: to my client. Because of the shell casing.
• 2:01:37
  Speaker 9: Yeah.
• 2:01:38
  Speaker 1: It's amazing.
• 2:01:38
  Speaker 9: And did you go to trial or did the case present?
• 2:01:41
  Speaker 6: No, I mean, once they brought a guy in and says, yeah,
• 2:01:43
  Speaker 6: I sold him the gun.
• 2:01:45
  Speaker 9: Yeah, and it was almost like you hear the story
• 2:01:48
  Speaker 9: about rape kits sitting on the shelf, right?
• 2:01:50
  Speaker 6: Right.
• 2:01:51
  Speaker 9: There was, you know, it was taking 30, 40 days
• 2:01:55
  Speaker 9: to do these comparisons, and that's just no good if
• 2:01:59
  Speaker 9: you're going to catch somebody.
• 2:02:00
  Speaker 6: Well, now with AI, it's even got to be more incredible.
• 2:02:03
  Speaker 9: Well, so you go down there to– it's really– it's incredible.
• 2:02:08
  Speaker 9: I mean, the company that makes the technology is incredible.
• 2:02:10
  Speaker 9: The microscopy, 3D microscopes that it goes into to generate
• 2:02:15
  Speaker 9: the image to comparison, it's incredible. But you go into
• 2:02:19
  Speaker 9: this room, and they do several thousand a day. And
• 2:02:23
  Speaker 9: I was the boss. I go in there, and they're working.
• 2:02:26
  Speaker 9: And it's like you're going into, like, this library– But
• 2:02:29
  Speaker 9: if you remember, not like the library with the kids
• 2:02:32
  Speaker 9: or the library like when you were in school where
• 2:02:34
  Speaker 9: everybody's getting nervous just walking in the darn room, right?
• 2:02:37
  Speaker 9: Everybody's cranking, and they have these two screens in front
• 2:02:40
  Speaker 9: of them, and they're doing these comparisons. And then there's
• 2:02:43
  Speaker 9: this whole system of double and triple checking whenever there's
• 2:02:46
  Speaker 9: a hit. And then if you want to put it
• 2:02:49
  Speaker 9: on in court, you have to redo the whole thing again,
• 2:02:52
  Speaker 9: and then you have to have another certified separate certified
• 2:02:55
  Speaker 9: examiner do the actual examination. But you go into that
• 2:02:58
  Speaker 9: room at Huntsville, And I'll tell you, it's just, I mean,
• 2:03:01
  Speaker 9: just talk about just, you know, a vision of how
• 2:03:04
  Speaker 9: government could help people. He just, he was a great
• 2:03:07
  Speaker 9: investigator and a great team. It wasn't just him. Came
• 2:03:10
  Speaker 9: up with this idea and, you know, police departments all
• 2:03:14
  Speaker 9: over the United States depend on this now to solve
• 2:03:17
  Speaker 9: their crimes.
• 2:03:18
  Speaker 6: You know what amazes me, Steve, is we've not, knock
• 2:03:20
  Speaker 6: on wood, had a major terrorist attack since 9-11. And
• 2:03:25
  Speaker 6: I got to credit people with like the ATF that
• 2:03:29
  Speaker 6: can They get leads of people that are trying to
• 2:03:33
  Speaker 6: build these bombs with big fertilizer orders, or there's certain
• 2:03:37
  Speaker 6: things that go into bombs where the ATF gets tipped off,
• 2:03:41
  Speaker 6: and they then go investigate it. Like, if you're not
• 2:03:44
  Speaker 6: a farmer and all of a sudden you're buying all
• 2:03:45
  Speaker 6: this fertilizer, the ATF sort of picks that up, right?
• 2:03:50
  Speaker 9: Yeah, FBI, ATF, the Joint Terrorism Task Forces all look
• 2:03:54
  Speaker 9: at those kinds of red flags. And the business community, right?
• 2:03:59
  Speaker 6: And the ATF's the ones that broke the Boston Marathon bomber, right?
• 2:04:05
  Speaker 9: Yeah, so that's one of those cases, though, where then
• 2:04:08
  Speaker 9: they make the movie and it's all about the FBI.
• 2:04:13
  Speaker 6: But it was the ATF that did it.
• 2:04:15
  Speaker 9: It broke the case. The other one that I always
• 2:04:17
  Speaker 9: tell everybody about is Oklahoma City. So I forgot if
• 2:04:21
  Speaker 9: it was McVeigh or Nichols, but, you know, the ATF
• 2:04:25
  Speaker 9: agent was the one who... ended up finding and arresting
• 2:04:30
  Speaker 9: federally that person first. And the FBI is there too.
• 2:04:35
  Speaker 9: And they say, hey, we're going to not do this thing.
• 2:04:41
  Speaker 9: We're going to both walk this person out here. Every
• 2:04:43
  Speaker 9: camera in the world is there, right? We're going to
• 2:04:45
  Speaker 9: take off our insignia.
• 2:04:48
  Speaker 6: Three-letter agencies.
• 2:04:50
  Speaker 9: USA is our only insignia, right? And sure enough, He
• 2:04:54
  Speaker 9: walks out, and the guys are behind him. Fair enough,
• 2:04:55
  Speaker 9: the picture comes up, and he put his hat back on.
• 2:04:58
  Speaker 9: The guy had his hat back on.
• 2:05:01
  Speaker 6: There's a lot of competition amongst these people.
• 2:05:03
  Speaker 9: There's a lot of competition. One idea that I had
• 2:05:06
  Speaker 9: that I also thought would have been great to sort
• 2:05:08
  Speaker 9: of send the message of we're not after people who
• 2:05:11
  Speaker 9: are lawful, law-abiding gun owners is, you know, I always
• 2:05:14
  Speaker 9: thought that there should be a competition between the different
• 2:05:17
  Speaker 9: federal law enforcement agencies on marksmanship. You know, they would
• 2:05:22
  Speaker 9: have like a, you know, Attorney General's Cup or something
• 2:05:26
  Speaker 9: where they could have a tournament or something.
• 2:05:29
  Speaker 12: Right.
• 2:05:29
  Speaker 9: And by the way, I ask this a lot to people.
• 2:05:32
  Speaker 9: You know who I'm told frequently are in the federal
• 2:05:35
  Speaker 9: law enforcement community by far the best shooters? Secret Service.
• 2:05:39
  Speaker 1: Nope.
• 2:05:40
  Speaker 9: ATF. You'll never guess. No, we're pretty good.
• 2:05:43
  Speaker 4: Nope.
• 2:05:43
  Speaker 5: IRS.
• 2:05:45
  Speaker 9: The United States Air Marshals.
• 2:05:47
  Speaker 6: Air Marshals.
• 2:05:48
  Speaker 1: The Air Marshals.
• 2:05:48
  Speaker 6: And you never know when they're on a plane.
• 2:05:50
  Speaker 4: No.
• 2:05:51
  Speaker 9: Isn't that crazy? I had no idea.
• 2:05:53
  Speaker 6: Well, they would have to be.
• 2:05:54
  Speaker 9: Well, I also just think that I was asked why.
• 2:05:57
  Speaker 9: And they said, well, the rigor of their firearms requirements
• 2:06:01
  Speaker 9: are different than everybody else's. They have to shoot far
• 2:06:04
  Speaker 9: more frequently. And they would say, what the other agent says,
• 2:06:07
  Speaker 9: we don't have time to be all at the range
• 2:06:09
  Speaker 9: every day. We actually have to get bad guys so
• 2:06:12
  Speaker 9: we can't be at the range every day or else
• 2:06:14
  Speaker 9: I'd be just as good as him.
• 2:06:15
  Speaker 6: Right.
• 2:06:16
  Speaker 3: I mean, you think, too, you're on a plane, there's
• 2:06:18
  Speaker 3: so many people.
• 2:06:19
  Speaker 9: I mean, you better be precise.
• 2:06:20
  Speaker 12: Yeah.
• 2:06:21
  Speaker 9: God forbid.
• 2:06:21
  Speaker 6: God forbid, exactly.
• 2:06:22
  Speaker 9: So, you know, there's a lot of competition between the
• 2:06:26
  Speaker 9: different agencies. But, you know, all kidding aside, I mean,
• 2:06:30
  Speaker 9: of course, I ran ATF, and I got to know
• 2:06:33
  Speaker 9: those people, and they're just incredible.
• 2:06:35
  Speaker 6: Ron, do we have any calls? Anyone want to talk
• 2:06:38
  Speaker 6: real quick?
• 2:06:38
  Speaker 1: You do.
• 2:06:39
  Speaker 6: We can take a call.
• 2:06:40
  Speaker 1: We're 30 seconds before we've got to end it.
• 2:06:43
  Speaker 6: Okay, Ron.
• 2:06:44
  Speaker 1: I'm just cleaning up my blasting cap for my dynamite pair.
• 2:06:47
  Speaker 1: But I will say something. Let's see. I got some
• 2:06:51
  Speaker 1: emails real quick. McVeigh was stopped by a cop on
• 2:06:55
  Speaker 1: a traffic stop for no plate and arrested because he
• 2:06:57
  Speaker 1: had a— concealed firearm. They said they wanted to kind
• 2:07:01
  Speaker 1: of make sure that he..
• 2:07:06
  Speaker 13: From ABC News, I'm Michelle Franzen. Escalating tensions between the U.S.
• 2:07:11
  Speaker 13: and Iran giving way to a possible draft agreement. Treasury
• 2:07:14
  Speaker 13: Secretary Scott Besson at today's White House briefing did not
• 2:07:18
  Speaker 13: comment on the specifics of a deal but says any
• 2:07:20
  Speaker 13: agreement will face hurdles and approval by President Trump and
• 2:07:23
  Speaker 13: Iran's leader. ABC's Ian Pannell is in Jerusalem with more.
• 2:07:26
  Speaker 21: I think it's important for people to remember that what
• 2:07:29
  Speaker 21: we're looking at here is not an actual final deal
• 2:07:32
  Speaker 21: to end the war. It's pushing back the ceasefire by
• 2:07:36
  Speaker 21: another 60 days, possibly lifting some of those restrictions in
• 2:07:40
  Speaker 21: the Strait of Hormuz and the withdrawal of the U.S.
• 2:07:42
  Speaker 9: Naval blockade.
• 2:07:43
  Speaker 13: New data showing Americans are struggling with higher costs on gas, groceries,
• 2:07:47
  Speaker 13: and nearly every other everyday basics. Inflation now at a
• 2:07:51
  Speaker 13: three-year high. ABC's Rebecca Jarvis says another report by the
• 2:07:55
  Speaker 13: New York Fed highlights what analysts call a K-shaped economy.
• 2:07:59
  Speaker 14: Some of the financial pain is masked by the growing
• 2:08:02
  Speaker 14: wealth in this country which is brought on by a
• 2:08:05
  Speaker 14: booming stock market and increasing home values those Americans who
• 2:08:09
  Speaker 14: own stocks and homes they feel richer and they're spending
• 2:08:12
  Speaker 14: still and that's propping up the economy while millions of
• 2:08:15
  Speaker 14: Americans are struggling just to afford food and after years
• 2:08:19
  Speaker 14: of inflation and now those rising gas prices.
• 2:08:22
  Speaker 13: Efforts to contain the Ebola outbreak in Central Africa continue.
• 2:08:26
  Speaker 13: The Trump administration in a call with reporters today confirming
• 2:08:29
  Speaker 13: it's setting up a new temporary facility in Kenya. to
• 2:08:32
  Speaker 13: quarantine Americans exposed to Ebola abroad. Here's ABC's Hannah Bata.
• 2:08:36
  Speaker 25: The White House confirming the U.S. is setting up a
• 2:08:38
  Speaker 25: health facility in Kenya to take in Americans who have
• 2:08:41
  Speaker 25: been exposed. An administration official describes the facility as state-of-the-art,
• 2:08:46
  Speaker 25: adding that it would provide access to high-quality care for
• 2:08:49
  Speaker 25: Americans who... would need to quickly get out of the
• 2:08:51
  Speaker 25: Democratic Republic of Congo to quarantine.
• 2:08:53
  Speaker 13: A group of health experts have written a letter criticizing
• 2:08:56
  Speaker 13: the building of an overseas facility, saying the U.S. has
• 2:08:59
  Speaker 13: spent money on the state-of-the-art treatment options in the U.S.
• 2:09:01
  Speaker 1: For Americans.
• 2:09:02
  Speaker 13: You're listening to ABC News.
• 2:09:05
  Speaker 1: And from News Radio 570 WKBN, it's Ron Furb, 606 here,
• 2:09:12
  Speaker 1: on a gorgeous-looking Thursday evening. We are sitting with 69 Degrees.
• 2:09:16
  Speaker 1: This is Money Talks. And here is John Arnold. Hello, John.
• 2:09:22
  Speaker 17: Hey, Ron.
• 2:09:23
  Speaker 12: How are you today?
• 2:09:24
  Speaker 1: I am well. And we have some guests on the program,
• 2:09:29
  Speaker 1: and we'll get to them momentarily. Money Talks is an
• 2:09:31
  Speaker 1: educational program, obviously. And just before we get to all
• 2:09:35
  Speaker 1: of that, how's the fun doing?
• 2:09:38
  Speaker 12: Oh, my God.
• 2:09:41
  Speaker 10: Unbelievable explosive.
• 2:09:42
  Speaker 4: I am.
• 2:09:44
  Speaker 10: So it's our first month getting investors in, excuse me,
• 2:09:47
  Speaker 10: they're called LPs, limited partners. And at the end, your
• 2:09:52
  Speaker 10: money's due at the end of every month for it
• 2:09:55
  Speaker 10: to go into the following month. So like in every
• 2:09:57
  Speaker 10: business and every thing I've been involved in, people wait
• 2:10:00
  Speaker 10: until the last minute. And now we're rushing around to get,
• 2:10:04
  Speaker 10: you know, people's funds into the fund last minute, or
• 2:10:09
  Speaker 10: they got to wait until July to get.
• 2:10:11
  Speaker 6: The money in.
• 2:10:12
  Speaker 10: So, And a good way, you know, problems that people
• 2:10:15
  Speaker 10: wish they had were we got business pouring in like
• 2:10:18
  Speaker 10: crazy in a bad way. There's only so much general
• 2:10:22
  Speaker 10: to go around, and the month is going to come
• 2:10:23
  Speaker 10: to an end here quickly, and there's not a damn
• 2:10:26
  Speaker 10: thing I can do about it. So we're having a
• 2:10:29
  Speaker 10: lot of fun, let's just say that.
• 2:10:30
  Speaker 1: All right, just so we can start out, and we'll
• 2:10:32
  Speaker 1: get to our guests momentarily, this is something that you've
• 2:10:35
  Speaker 1: been wanting to do for so many years. People are
• 2:10:38
  Speaker 1: obviously familiar with John Arnold's. And so you wanted to
• 2:10:41
  Speaker 1: form your own hedge fund, your own hedge fund. And
• 2:10:45
  Speaker 1: that has come to fruition, if you will, where it's
• 2:10:49
  Speaker 1: 100 people that will be in this hedge fund. That's it.
• 2:10:52
  Speaker 1: It's capped at 100 people. And so there's some criteria.
• 2:10:56
  Speaker 1: You've got to make $ 200, 000 a year or have, what,
• 2:10:59
  Speaker 1: a million in assets or something along those lines to
• 2:11:04
  Speaker 1: get into the hedge funds.
• 2:11:07
  Speaker 12: Yes, so you have to.
• 2:11:08
  Speaker 10: Be what's called an accredited investor is what you're describing.
• 2:11:11
  Speaker 1: All right, to get into the hedge fund. And once
• 2:11:14
  Speaker 1: there's 100 investors, that's it. It shuts down. Right, and
• 2:11:20
  Speaker 1: this is May where people are coming to get researched,
• 2:11:26
  Speaker 1: if you will, or the criteria to make sure that
• 2:11:28
  Speaker 1: they qualify to get into the hedge fund. And then
• 2:11:31
  Speaker 1: it officially opens, I guess you would say, on what's
• 2:11:34
  Speaker 1: June 1st, right?
• 2:11:37
  Speaker 10: It actually opened up May 15th, but you had to
• 2:11:40
  Speaker 10: get the money in before May 31st. Unfortunately, the last
• 2:11:44
  Speaker 10: day is tomorrow, which is Friday, which I want to
• 2:11:46
  Speaker 10: say is the 29th, for the money to go in
• 2:11:48
  Speaker 10: June 1st. In a roundabout way, I'd say June 1st is.
• 2:11:53
  Speaker 12: The first deposit that will.
• 2:11:55
  Speaker 10: Actually hit the fund, and we have many. They're going
• 2:11:58
  Speaker 10: to hit, and then at the end of July, I
• 2:12:01
  Speaker 10: should be able to give you a pretty good summary
• 2:12:03
  Speaker 10: of return that's audited.
• 2:12:05
  Speaker 4: And and hopefully it's a good one.
• 2:12:09
  Speaker 1: Right. So there's criteria for it, the hedge funds, and
• 2:12:12
  Speaker 1: then you run the hedge funds, and then you will
• 2:12:17
  Speaker 1: report once a month where the return is, positive or negative,
• 2:12:23
  Speaker 1: pretty much at the close of that particular month.
• 2:12:26
  Speaker 6: Yeah, we're going.
• 2:12:28
  Speaker 10: To report what's called the NAV.
• 2:12:29
  Speaker 11: That's correct.
• 2:12:30
  Speaker 1: All right. So it's kind of a I don't want
• 2:12:33
  Speaker 1: to say dream come true, but it is exactly that,
• 2:12:35
  Speaker 1: for John Arnold with his own hedge fund. And so
• 2:12:38
  Speaker 1: we'll give you a phone number out, how to get
• 2:12:39
  Speaker 1: a hold if you want to participate in it, and
• 2:12:41
  Speaker 1: a little more details about it. But you have some
• 2:12:44
  Speaker 1: guests on some of my lines here. Tell me who
• 2:12:46
  Speaker 1: is joining us on a program tonight as I hook
• 2:12:49
  Speaker 1: them up. I'll start with Gabe, who's on my first
• 2:12:52
  Speaker 1: line here, and introduce Gabe to our audience, John.
• 2:12:55
  Speaker 10: Gabe is an outstanding person who is running the operations
• 2:13:01
  Speaker 10: for both his own fund and the Vision Fund, and
• 2:13:05
  Speaker 10: really helped facilitate the, I want to say the funding
• 2:13:09
  Speaker 10: and the approval process of getting people into the fund,
• 2:13:14
  Speaker 10: and gave it to him. He has a family, the
• 2:13:15
  Speaker 10: family man, and he owns various businesses and has, he
• 2:13:20
  Speaker 10: used to be, maybe still is, he's a financial advisor,
• 2:13:22
  Speaker 10: or was under Northwestern Medial from back in the day,
• 2:13:27
  Speaker 10: and just an amazing guy, really intelligent, vibrant guy, good
• 2:13:32
  Speaker 10: morals and values and really, really has really streamlined the
• 2:13:38
  Speaker 10: operation process for Vision 2030 because my fund, because I
• 2:13:43
  Speaker 10: stepped into a cold and I'm really good at investing
• 2:13:46
  Speaker 10: people's money. I'm really bad at being an operations manager.
• 2:13:52
  Speaker 1: How did you find Gabe or determine Gabe was the
• 2:13:54
  Speaker 1: one that you want to have on your team?
• 2:13:58
  Speaker 10: That is ironically because of the guy on the other
• 2:14:01
  Speaker 10: end of the line, Edward Scrod, who is a chief
• 2:14:04
  Speaker 10: technology officer. And he currently works for Microsoft as well.
• 2:14:09
  Speaker 10: And I'll let him tell you about his position there.
• 2:14:11
  Speaker 10: But he introduced me to Gabe. So Edward, who we're
• 2:14:15
  Speaker 10: going to introduce here in a minute, we started Jiu-Jitsu
• 2:14:19
  Speaker 10: together about six years ago. and he found me both
• 2:14:24
  Speaker 10: probably great and repulsive at.
• 2:14:25
  Speaker 12: The same time.
• 2:14:28
  Speaker 10: We hit it off big time as far as personality
• 2:14:31
  Speaker 10: goes because he's such an intelligent person and just does
• 2:14:36
  Speaker 10: things on his way, and I love that. But I
• 2:14:39
  Speaker 10: drove him crazy because I wanted to be the best
• 2:14:42
  Speaker 10: in the world at jiu-jitsu on my first day in jiu-jitsu,
• 2:14:45
  Speaker 10: and he couldn't understand why I was so mad. I
• 2:14:48
  Speaker 10: was so mad at myself for not being good. Being
• 2:14:52
  Speaker 10: in jiu-jitsu now for how many years, I figured out
• 2:14:54
  Speaker 10: how crazy that is. But that's how it came together.
• 2:14:57
  Speaker 10: We just built our family, spent time together. We built
• 2:15:00
  Speaker 10: a relationship and friendship together, really value his deep thinking processes.
• 2:15:05
  Speaker 10: And he introduced me to Steve and Gabe and to
• 2:15:09
  Speaker 10: the third-party administrator who runs our fund. And because of him,
• 2:15:13
  Speaker 10: he gave me a direct avenue to launch Vision 2030.
• 2:15:17
  Speaker 10: So that's how I met Gabe. And the long story
• 2:15:19
  Speaker 10: is how I met Edward.
• 2:15:22
  Speaker 1: And Edward's role is what in the Vision 2030 fund?
• 2:15:26
  Speaker 10: He's my operation, excuse me, he'd be a technology officer
• 2:15:29
  Speaker 10: making sure that the website, LinkedIn, all the things that
• 2:15:35
  Speaker 10: would synchronize and advertise and market the fund, go right,
• 2:15:40
  Speaker 10: help copyright some of the literature, and team up with,
• 2:15:44
  Speaker 10: he's also very good at investing money, help us with,
• 2:15:48
  Speaker 10: me and Steve invest the money in the fund as well.
• 2:15:51
  Speaker 1: All right, so let me bring all of those guys
• 2:15:54
  Speaker 1: on board here, and I should have Edward. So Edward,
• 2:15:59
  Speaker 1: we'll start with you tonight, so then you're kind of
• 2:16:01
  Speaker 1: responsible for bringing a team together or recommending people to
• 2:16:05
  Speaker 1: join John, correct?
• 2:16:08
  Speaker 11: Yes. Hey, so first of all, thanks so much for
• 2:16:10
  Speaker 11: having me on. I'm really excited about the Vision 2030 Fund,
• 2:16:15
  Speaker 11: and I really appreciate coming on the show with you tonight. Ron,
• 2:16:20
  Speaker 11: it's a pleasure to meet you. And, John, it's so
• 2:16:22
  Speaker 11: cool to talk to you here over the airwaves.
• 2:16:25
  Speaker 4: Yeah.
• 2:16:25
  Speaker 11: So, yeah, I see myself as someone who's just really
• 2:16:30
  Speaker 11: good at, you know, connecting people. And, you know, when
• 2:16:35
  Speaker 11: I met John and I sort of developed a relationship
• 2:16:38
  Speaker 11: with John over the years, I knew that John was
• 2:16:41
  Speaker 11: somebody that, you know, would be great to partner with.
• 2:16:46
  Speaker 11: him to my, my very best friends, Gabe and Steve
• 2:16:49
  Speaker 11: that I've known for almost 30 plus years, you know,
• 2:16:53
  Speaker 11: 30 years now. Um, so it was a really a
• 2:16:55
  Speaker 11: natural fit, you know, John's a type type a guy and, um,
• 2:16:59
  Speaker 11: just a really great, um, really great fit. So.
• 2:17:03
  Speaker 9: All right.
• 2:17:04
  Speaker 1: So then you, so then when you're fun, when you're
• 2:17:07
  Speaker 1: starting this vision 2030, you have to obviously you say, okay,
• 2:17:11
  Speaker 1: Gabe is a guy to kind of get, uh, get
• 2:17:15
  Speaker 1: things in line. Is that fair to say, Edward?
• 2:17:18
  Speaker 4: Yeah.
• 2:17:18
  Speaker 11: I mean, Gabe, Gabe, Gabe's the operations guy. So he's
• 2:17:22
  Speaker 11: really great with, uh, compliance, um, really great with operations. And, um,
• 2:17:27
  Speaker 11: you know, I've known him forever. I think I was
• 2:17:29
  Speaker 11: 13 years old when I met him. Um, and he's
• 2:17:32
  Speaker 11: a standup guy, so he'd be a natural fit.
• 2:17:35
  Speaker 4: Right.
• 2:17:35
  Speaker 1: And Gabe, welcome to the program. So you're the guy
• 2:17:37
  Speaker 1: that gets causes all the headaches and gets all the headaches, right?
• 2:17:43
  Speaker 4: It's funny, as I'm hearing this introduction, I'm like, is
• 2:17:46
  Speaker 4: that me, really? I'm so good. at the thing I
• 2:17:51
  Speaker 4: hate the most, which is the paperwork, the compliance. And
• 2:17:54
  Speaker 4: this is, I think I'm the yin to John's yang,
• 2:17:58
  Speaker 4: because I know he hates it more than me. But
• 2:18:03
  Speaker 4: you know you get shoved in a position, sort of,
• 2:18:07
  Speaker 4: of what you do best. And it just finds you.
• 2:18:09
  Speaker 4: And I'm really, really good at onboarding people. I'm really
• 2:18:12
  Speaker 4: good at making sure that everything is compliant. I'm really
• 2:18:14
  Speaker 4: good at the paperwork side of it with the SEC
• 2:18:17
  Speaker 4: and all the states. I mean, every state that we
• 2:18:19
  Speaker 4: have a person from, I've got to file more paperwork with.
• 2:18:23
  Speaker 4: And I've got to do it all the time. It's constant.
• 2:18:25
  Speaker 4: So everybody hates paperwork, and I do too, but I'm
• 2:18:28
  Speaker 4: really very good at doing it. If you don't mind,
• 2:18:32
  Speaker 4: just remind me of a story. I'm going to tell
• 2:18:33
  Speaker 4: a really quick story.
• 2:18:34
  Speaker 1: Mm-hmm.
• 2:18:36
  Speaker 4: When I was at Northwestern, of course, I can't be
• 2:18:38
  Speaker 4: there anymore and manage hedge funds. They frown upon that.
• 2:18:40
  Speaker 4: But when I was at Northwestern, I was the guy
• 2:18:43
  Speaker 4: that got audited internally every quarter. Every quarter, I was
• 2:18:47
  Speaker 4: dragged down to the compliance officer's office, and we went
• 2:18:50
  Speaker 4: through all my books. And I could never figure out
• 2:18:53
  Speaker 4: why I was the one constantly getting sent down there.
• 2:18:56
  Speaker 4: And it dawned on me one day, it's because I never, ever,
• 2:18:59
  Speaker 4: ever had anything out of place. Everything was always super compliant.
• 2:19:02
  Speaker 4: I was confessing all my sins to this guy. and
• 2:19:07
  Speaker 4: they sent me there because they knew I would pass.
• 2:19:08
  Speaker 4: They weren't so sure about everybody else in the office.
• 2:19:13
  Speaker 4: When I noticed that about myself, I was like, oh,
• 2:19:15
  Speaker 4: I'm the right guy for this job. I just, like
• 2:19:18
  Speaker 4: everyone else, hate paperwork.
• 2:19:20
  Speaker 1: Right. So you do the compliance. Edward brings you into
• 2:19:26
  Speaker 1: the mix. You bring in then... Steve comes into the mix.
• 2:19:31
  Speaker 1: We had him on a program last week, and Steve's
• 2:19:34
  Speaker 1: kind of an investment guru type guy, correct?
• 2:19:41
  Speaker 4: We all love investing. That is our ultimate passion. If
• 2:19:44
  Speaker 4: I could just play in the stock market all day,
• 2:19:47
  Speaker 4: same with Edward, but Steve, he's a magician. He's a magician.
• 2:19:52
  Speaker 4: The things he pulls off, I still can't understand it,
• 2:19:56
  Speaker 4: how good he is at this.
• 2:19:58
  Speaker 1: Yeah, I was talking to him last week about just
• 2:20:01
  Speaker 1: the inflation and the economy and oil prices and the
• 2:20:06
  Speaker 1: uncertainty and volatility that's going on. And he gave such
• 2:20:10
  Speaker 1: a great explanation of some of the sectors that... that
• 2:20:15
  Speaker 1: he likes and talked a little bit about how those
• 2:20:19
  Speaker 1: things well they don't necessarily always affect but every sector
• 2:20:24
  Speaker 1: if you will oil prices and things along those lines
• 2:20:27
  Speaker 1: fascinating take he has and including some of the whatever
• 2:20:32
  Speaker 1: stock might be a high price stock but there might
• 2:20:34
  Speaker 1: be a reason why it's high priced because you never
• 2:20:37
  Speaker 1: know when to get in or get out Just a thought.
• 2:20:42
  Speaker 1: I mean, Steve's a very impressive guy when we had
• 2:20:46
  Speaker 1: him on the program. Very much so. Very much so. So, John,
• 2:20:51
  Speaker 1: you and Steve ultimately do most of the decision-making as
• 2:20:56
  Speaker 1: far as the investing of the fund is concerned.
• 2:21:00
  Speaker 11: Accurate?
• 2:21:00
  Speaker 4: Yeah.
• 2:21:01
  Speaker 10: Yeah, accurate. The needle points a little bit more to Steve.
• 2:21:05
  Speaker 10: To be frank, I think I'm really good.
• 2:21:09
  Speaker 12: That's the truth.
• 2:21:09
  Speaker 10: I'm not bashful. Steve's better than me. And if I
• 2:21:14
  Speaker 10: can provide 60% to 70% Steve and 30% John, for
• 2:21:18
  Speaker 10: me it's about the limited partners, the clients, and as
• 2:21:22
  Speaker 10: most people know, I don't care if it's the janitor
• 2:21:25
  Speaker 10: picking the stocks and making us win. All I care
• 2:21:27
  Speaker 10: about is that we win. And the two other guys
• 2:21:30
  Speaker 10: in this phone believe in that full-heartedly. There's no ego
• 2:21:34
  Speaker 10: in it.
• 2:21:35
  Speaker 4: All I want to do is perform.
• 2:21:36
  Speaker 10: So Steve's going to help us perform better, and we'll
• 2:21:40
  Speaker 10: take a little bit lesser role in the decision-making on
• 2:21:43
  Speaker 10: the investments to do that.
• 2:21:45
  Speaker 1: What are you guys' thoughts? I mean, if you had
• 2:21:48
  Speaker 1: to say what time to pick to start a hedge fund,
• 2:21:53
  Speaker 1: I'm not so sure. There's so much uncertainty in the
• 2:21:56
  Speaker 1: world right now and volatility in the markets. I mean,
• 2:22:01
  Speaker 1: don't you sometimes say, boy, maybe it would have been
• 2:22:03
  Speaker 1: a better time to start it when things were a
• 2:22:05
  Speaker 1: little calmer? What's your thoughts about all of that?
• 2:22:07
  Speaker 4: That's funny. That's a good, I mean, I like that
• 2:22:13
  Speaker 4: thought process, but mine is just the opposite. I'm like,
• 2:22:15
  Speaker 4: if this is where we want it, where you want
• 2:22:18
  Speaker 4: actual stock pickers out there instead of, and as a
• 2:22:21
  Speaker 4: former financial advisor, I would just shove people in these
• 2:22:23
  Speaker 4: portfolios and let it ride for 20 years. this is
• 2:22:27
  Speaker 4: the time that you want a stock picker. This is
• 2:22:29
  Speaker 4: the time you want someone who is very, very skilled
• 2:22:33
  Speaker 4: at getting you in the right thing to the right time. Um,
• 2:22:36
  Speaker 4: there's a lot of money to be made right now.
• 2:22:38
  Speaker 4: And there's a lot of money to be lost if
• 2:22:39
  Speaker 4: you don't know what you're doing. Um, so it's perfect,
• 2:22:42
  Speaker 4: perfect timing for it. And that's what our clients are
• 2:22:44
  Speaker 4: telling us too, right? They all, they're sick of their
• 2:22:47
  Speaker 4: financial advisor, getting them 5%, 10% returns in a year. Um,
• 2:22:52
  Speaker 4: and a year like this too, it might be negative
• 2:22:54
  Speaker 4: by the time we're done with this year.
• 2:22:55
  Speaker 10: Who knows?
• 2:22:55
  Speaker 4: Um, But they want that 50%, 70%, 100% return, and
• 2:23:00
  Speaker 4: they're willing to take the risk with it.
• 2:23:05
  Speaker 1: Right, if possible, because it could be positive, could be negative, right, John?
• 2:23:09
  Speaker 12: Yeah.
• 2:23:10
  Speaker 10: Yeah, I'm glad you pivoted back to me because that's
• 2:23:14
  Speaker 10: exactly what I was thinking. Let me tell you something.
• 2:23:17
  Speaker 10: It would be very hard to get the kind of
• 2:23:18
  Speaker 10: returns that I've received, that I've gotten over the past
• 2:23:22
  Speaker 10: two months without volatility. You look at Micron, which is
• 2:23:26
  Speaker 10: MU or WDC, and just Micron was down 120 points
• 2:23:31
  Speaker 10: just two days ago, and now it's up 120 points
• 2:23:35
  Speaker 10: off that. And I want to say four months ago,
• 2:23:38
  Speaker 10: and don't pull me this, it was like in the
• 2:23:40
  Speaker 10: high 300s. Now it's 920. If you don't think I've
• 2:23:43
  Speaker 10: made a lot of money, when I say a lot
• 2:23:45
  Speaker 10: of money, I mean like ridiculous money along the way.
• 2:23:48
  Speaker 10: I didn't make it because it went straight up. I
• 2:23:50
  Speaker 10: make it because there was ridiculous pullbacks. and based on
• 2:23:56
  Speaker 10: what I follow technical analysis-wise plus a little bit of fundamental,
• 2:24:00
  Speaker 10: I was like, wow, I have to buy this thing.
• 2:24:03
  Speaker 10: The same thing with WDC and Planet Labs and all
• 2:24:07
  Speaker 10: of the other things that I've made a ton of
• 2:24:10
  Speaker 10: money on with pullbacks. When things go straight up, they're
• 2:24:14
  Speaker 10: not volatile. You know, to tell you the truth, like
• 2:24:17
  Speaker 10: Gabe was pointing out, me, I manage money, but the
• 2:24:21
  Speaker 10: majority of the investment people I competed with put them
• 2:24:24
  Speaker 10: inside and forget its stuff, everybody's winning. Everybody's making money.
• 2:24:28
  Speaker 10: And so if one guy is making you 16% by
• 2:24:31
  Speaker 10: managing money and the other guy is making you 12%, 4%
• 2:24:34
  Speaker 10: is going to make you change advisors. That's just the
• 2:24:37
  Speaker 10: way it goes. People like the devil they know. And
• 2:24:41
  Speaker 10: something that Gabe alluded to just now was, you know,
• 2:24:44
  Speaker 10: people are sick of the same old BS. If you're
• 2:24:48
  Speaker 10: a credit investor, that means you've got a couple bucks.
• 2:24:50
  Speaker 10: You're wanting that edgy, like, If you're going to take
• 2:24:53
  Speaker 10: a risk, you want that return in everybody. You hear
• 2:24:56
  Speaker 10: about the actors and the singers and the high-net-worth people getting.
• 2:25:01
  Speaker 10: High-net-worth people don't go into Growth Fund of America and
• 2:25:05
  Speaker 10: Bounce of America and, you know, XY and, I don't know, call.
• 2:25:09
  Speaker 4: It First Energy.
• 2:25:10
  Speaker 10: They want that maybe for maybe long-term IRA. But for
• 2:25:15
  Speaker 10: cutting-edge stuff.
• 2:25:16
  Speaker 1: They want a fund.
• 2:25:17
  Speaker 10: They want to be in their own fund. and they
• 2:25:21
  Speaker 10: want to put their eyes to somebody who's calling the shots,
• 2:25:25
  Speaker 10: which are me, Steve, Gabe, and Edward, and these are
• 2:25:29
  Speaker 10: the guys making the money, these are the guys that
• 2:25:30
  Speaker 10: could potentially lose the money, but they're getting cutting-edge results,
• 2:25:34
  Speaker 10: and I think spinning back to what Gabe was saying,
• 2:25:38
  Speaker 10: that's what it's about. Ed, do you have anything to
• 2:25:41
  Speaker 10: elaborate on there?
• 2:25:43
  Speaker 11: Yeah, I just think that volatility really equals opportunity, right?
• 2:25:47
  Speaker 11: Because You know, we're looking for stocks that we believe
• 2:25:50
  Speaker 11: are going to make, you know, rapid movements in one
• 2:25:54
  Speaker 11: direction or the other. And, you know, we're looking for
• 2:25:57
  Speaker 11: technical setups. And we're taking them with as little risk
• 2:26:02
  Speaker 11: as we possibly can, whether the market's going up or down.
• 2:26:05
  Speaker 11: If the market's flat, then, you know, there's not a
• 2:26:07
  Speaker 11: whole lot to do. But when the market's moving in
• 2:26:11
  Speaker 11: either direction, we have opportunity.
• 2:26:13
  Speaker 12: In my opinion.
• 2:26:13
  Speaker 11: And that's the kind of opportunity that Steven really thrives for.
• 2:26:19
  Speaker 1: And so go ahead, John, go ahead.
• 2:26:22
  Speaker 10: Well, and if Ed has liberty to talk about it,
• 2:26:25
  Speaker 10: obviously I don't use your dad's last name. His dad's
• 2:26:27
  Speaker 10: an amazing guy, but I just unbelievable. It's all the earth,
• 2:26:30
  Speaker 10: but I would love you to, I'd love for you
• 2:26:33
  Speaker 10: to tell the story about how you got your dad
• 2:26:34
  Speaker 10: out of a BS index annuity and turn his portfolio around. Edward,
• 2:26:38
  Speaker 10: if you are comfortable talking about that.
• 2:26:40
  Speaker 1: I would love to hear myself.
• 2:26:42
  Speaker 12: Oh, sure.
• 2:26:43
  Speaker 9: Yeah.
• 2:26:43
  Speaker 4: This is a great story.
• 2:26:44
  Speaker 11: So, um, You know, my mother and father were invested with,
• 2:26:48
  Speaker 11: you know, one of these typical investment advisory agencies.
• 2:26:53
  Speaker 12: You know, the.
• 2:26:54
  Speaker 11: Ones that they, you know, put you in something and
• 2:26:57
  Speaker 11: they set you there for 10 years and don't look
• 2:26:59
  Speaker 11: at it again. And 2008 happened. Portfolios were down 80%,
• 2:27:04
  Speaker 11: I think is what it was. And they sold at
• 2:27:07
  Speaker 11: the bottom.
• 2:27:08
  Speaker 9: Oh, my gosh.
• 2:27:09
  Speaker 12: They were so shell-shocked that..
• 2:27:12
  Speaker 11: At 50 years old, my father basically was talked into
• 2:27:16
  Speaker 11: buying an annuity. It was one of these annuities that
• 2:27:20
  Speaker 11: you paid into, and after some period of time, it
• 2:27:23
  Speaker 11: would lock in income, and then it would pay out,
• 2:27:26
  Speaker 11: I don't know what it was, $ 500, $ 600 a month
• 2:27:29
  Speaker 11: or something like that. Imagine. So, I mean, they had
• 2:27:33
  Speaker 11: saved their entire lives, watched $ 800, 000 evaporate overnight, and And
• 2:27:40
  Speaker 11: then they got put into some annuity where they were
• 2:27:42
  Speaker 11: going to make almost peanuts. So a couple of years ago, um,
• 2:27:46
  Speaker 11: you know, at this point I'd been, uh, doing some
• 2:27:49
  Speaker 11: of my own investing and really learning, you know, the
• 2:27:53
  Speaker 11: ins and outs of, of the market. And, uh, I basically,
• 2:27:57
  Speaker 11: you know, talked to the advisor and said, how do
• 2:27:59
  Speaker 11: we get him out of here, right? So he had
• 2:28:00
  Speaker 11: already got to the point where we were able to
• 2:28:03
  Speaker 11: just pull him out. And that's what I did. I
• 2:28:07
  Speaker 11: took him out. And I've seen a 200% return since then. So,
• 2:28:13
  Speaker 11: you know, I took, you know, what was a pretty
• 2:28:17
  Speaker 11: bad situation, I would say, that he got himself into and,
• 2:28:21
  Speaker 11: you know, helped get him to the point where he can,
• 2:28:25
  Speaker 11: you know, actually earn a little bit more money on
• 2:28:28
  Speaker 11: a month-to-month basis. And, you know, I manage his portfolio
• 2:28:31
  Speaker 11: now going forward. And, you know, thank goodness I'm able
• 2:28:35
  Speaker 11: to do that.
• 2:28:37
  Speaker 6: So, yeah, thanks.
• 2:28:38
  Speaker 10: Well, you're being modest, but you really changed your dad's life.
• 2:28:41
  Speaker 10: I remember, wasn't that index annuity by the time your
• 2:28:45
  Speaker 10: dad had kind of dwindled it down, I want to
• 2:28:47
  Speaker 10: say in like $ 100, 000 to $ 200, 000 mark? And then you
• 2:28:49
  Speaker 10: grow it to somewhere like $ 600, 000?
• 2:28:50
  Speaker 26: Yes.
• 2:28:55
  Speaker 4: Yeah. Yeah.
• 2:28:56
  Speaker 10: So that, that, that is just, so when I was
• 2:28:59
  Speaker 10: talking about Edward, he's not just a CTO. He's just
• 2:29:02
  Speaker 10: not a guy that's a developer of Microsoft. He is
• 2:29:05
  Speaker 10: an X, an excellent money manager as well. And so we,
• 2:29:09
  Speaker 10: we really in an eight game, those are stuff. So
• 2:29:12
  Speaker 10: it's really a four heads better than one scenario when
• 2:29:16
  Speaker 10: it comes to strategizing and making the funds. Cause they have,
• 2:29:19
  Speaker 10: by the way, they have their own successful fund making
• 2:29:22
  Speaker 10: it work. So it's just, Again, it comes down to this.
• 2:29:26
  Speaker 10: Are we going to perform for the limited partners? And
• 2:29:30
  Speaker 10: I'm smart enough to know that I don't know it all.
• 2:29:33
  Speaker 10: And if I can bring in Edward and Gabe and
• 2:29:35
  Speaker 10: Steve to help me do it with this superstar, like,
• 2:29:39
  Speaker 10: you know, crazy, intelligent money manager and Steve, everybody's going
• 2:29:44
  Speaker 10: to win. And that's what I'm all about.
• 2:29:45
  Speaker 1: Yeah, the idea that these guys are talking about, John,
• 2:29:48
  Speaker 1: the set it and forget it. is where, okay, we're
• 2:29:51
  Speaker 1: going to put you in this fund, and then I'm
• 2:29:53
  Speaker 1: going to pursue going out and finding new investors or
• 2:29:55
  Speaker 1: additional money for whatever investment firm you're with. Really, I
• 2:30:00
  Speaker 1: don't know if that's very fair to the client. And
• 2:30:05
  Speaker 1: then where's the wealth preservation if the market's up and
• 2:30:08
  Speaker 1: you're concerned about the market going down? I mean, look
• 2:30:11
  Speaker 1: at what happened to his father when you look at
• 2:30:14
  Speaker 1: something like that and you say to yourself, well, wait
• 2:30:16
  Speaker 1: a minute, what am I paying all this commission for
• 2:30:18
  Speaker 1: if if no one's paying attention, if you will. I mean,
• 2:30:23
  Speaker 1: you understand why.
• 2:30:23
  Speaker 5: Yeah.
• 2:30:24
  Speaker 4: No, it's scary. The, the advisor, his advisor probably should
• 2:30:29
  Speaker 4: have stopped them from making the knee jerk reaction, right?
• 2:30:32
  Speaker 4: That a good advisor would say, Hey, listen, We were
• 2:30:35
  Speaker 4: all hit by this. The whole market's down.
• 2:30:37
  Speaker 12: I'm not that good.
• 2:30:38
  Speaker 4: I'm sorry.
• 2:30:40
  Speaker 12: But, you know, stay with it.
• 2:30:42
  Speaker 4: Do not pull your money out. Do not put in
• 2:30:43
  Speaker 4: an indexed annuity. I mean, those are dirty words. As
• 2:30:50
  Speaker 4: much so, I have never and I would never sell one.
• 2:30:53
  Speaker 4: I don't care what the commission is. I'm sure there's
• 2:30:56
  Speaker 4: listeners out there who are losing their minds right now
• 2:30:57
  Speaker 4: that are selling these things. But they're at the dirty word.
• 2:31:00
  Speaker 4: And I think it's somewhat criminal to sell an indexed
• 2:31:03
  Speaker 4: annuity to someone who just lost money. 80% of their,
• 2:31:07
  Speaker 4: but they were, they're striking with iron hots, right? While
• 2:31:10
  Speaker 4: the iron was hot, they knew these guys were emotional
• 2:31:11
  Speaker 4: and they took advantage of them.
• 2:31:13
  Speaker 1: But here's, but as I'm sitting in, I'm not, and
• 2:31:17
  Speaker 1: I'm taking it all in, but why would you sell low?
• 2:31:21
  Speaker 1: Why would you bail at the time when it's down?
• 2:31:23
  Speaker 1: I mean, You would think he would have got better feedback,
• 2:31:26
  Speaker 1: as you said, from his investment advisor at that time
• 2:31:30
  Speaker 1: about not just an indexed annuity, but by selling out
• 2:31:33
  Speaker 1: at that particular time. But there's often that fear factor.
• 2:31:36
  Speaker 1: Hang on, gentlemen. This is an absolutely fascinating discussion. I'm
• 2:31:40
  Speaker 1: going to put you guys on hold for just one
• 2:31:43
  Speaker 1: second here, and I'll come back. John Arnold will continue
• 2:31:47
  Speaker 1: our discussion. I'm telling you, these are some interesting folks.
• 2:31:51
  Speaker 1: And some great stories. We'll come right back. From NewsRadio 570, WKBN.
• 2:31:56
  Speaker 1: And John Arnold is with us tonight. And Edward and
• 2:32:00
  Speaker 1: Gabe is on my other lines here. I just want
• 2:32:03
  Speaker 1: to get them all set back up with us tonight.
• 2:32:06
  Speaker 1: And we should all be back together. I want to
• 2:32:09
  Speaker 1: bounce this off of the guys, John, before I turn
• 2:32:11
  Speaker 1: it back over to you. And I'm just curious your
• 2:32:15
  Speaker 1: reaction to this, guys, when we talk about uncertainty and
• 2:32:18
  Speaker 1: when we talk about investing. And in the times that
• 2:32:22
  Speaker 1: are going on, I look around and, you know, there's
• 2:32:25
  Speaker 1: going to be a deal. There's not going to be
• 2:32:27
  Speaker 1: a deal. There's how many times, five times we've heard
• 2:32:30
  Speaker 1: there's going to be a deal with this situation in
• 2:32:32
  Speaker 1: Iran and there's no deal. We see a ceasefire is
• 2:32:35
  Speaker 1: going on and who knows where this is all going.
• 2:32:38
  Speaker 1: We hear about oil draining some of our strategic oil
• 2:32:42
  Speaker 1: reserves and the price of oil is really kept down
• 2:32:45
  Speaker 1: by our oil reserves. And it's actually much higher than
• 2:32:49
  Speaker 1: it is. We don't know when this is going to
• 2:32:51
  Speaker 1: conclude or there might be no end in sight. And
• 2:32:54
  Speaker 1: inflation is coming back and maybe even some interest rate
• 2:32:57
  Speaker 1: hikes a possibility instead of interest rate cuts. And in
• 2:33:02
  Speaker 1: second quarter inflation, I was reading some of the folks
• 2:33:05
  Speaker 1: were saying could be 6%. I mean, I'm looking around,
• 2:33:08
  Speaker 1: I'm reading the news, tariffs on, tariffs off, and seeing
• 2:33:11
  Speaker 1: what the market does. These are genuinely, as I said
• 2:33:15
  Speaker 1: when we started, some very uncertain times in so many arenas.
• 2:33:21
  Speaker 1: So many investors have to be very busy, have to
• 2:33:25
  Speaker 1: be very concerned about where we're heading economically. You know,
• 2:33:29
  Speaker 1: if we get inflation, you only got so much money
• 2:33:32
  Speaker 1: to spend, and you got to make cuts someplace where
• 2:33:35
  Speaker 1: a consumer-driven economy, that's got to hurt. Given that whole
• 2:33:38
  Speaker 1: ball of wax, I'm just curious. your insight into that.
• 2:33:43
  Speaker 1: I'll start with you, Ed. Yeah, hey, thanks.
• 2:33:47
  Speaker 11: Not to mention that, you know, the federal, right, they
• 2:33:50
  Speaker 11: are really cued into the interest rate, and if the
• 2:33:53
  Speaker 11: interest rates are too high, you know, then they can't
• 2:33:55
  Speaker 11: lower rates, right? And so then that affects everything. That
• 2:33:58
  Speaker 11: affects all asset classes. You know, something that Steve and
• 2:34:03
  Speaker 11: that I've learned from Steve, really, is that, you know,
• 2:34:06
  Speaker 11: technical analysis is, uh... that the price action of a
• 2:34:10
  Speaker 11: of a particular stock or an index on the amount
• 2:34:13
  Speaker 11: of volume right uh... of that stock that's being traded
• 2:34:16
  Speaker 11: really in our mind trumps almost everything because we have
• 2:34:20
  Speaker 11: imperfect information you know couple of you random guys from
• 2:34:25
  Speaker 11: south florida uh..
• 2:34:27
  Speaker 12: We're not.
• 2:34:27
  Speaker 11: Connected anybody in in in washington or or anywhere else
• 2:34:31
  Speaker 11: and so we're getting our news you know basically were
• 2:34:33
  Speaker 11: consuming news uh... And it's imperfect, right? Sometimes it's just
• 2:34:38
  Speaker 11: blatantly false. And so what we try to do is
• 2:34:42
  Speaker 11: just look at the price action of these stocks. And
• 2:34:46
  Speaker 11: that determines really whether or not these things are a
• 2:34:49
  Speaker 11: buy or a sell. Because I can get my head
• 2:34:52
  Speaker 11: wrapped around fundamental analysis and inflation stats and all this
• 2:34:57
  Speaker 11: kind of stuff. And I'll just get lost. And so really,
• 2:35:02
  Speaker 11: in stock trading, they talk about the tape. What does
• 2:35:06
  Speaker 11: the tape tell you right now? And so I know
• 2:35:08
  Speaker 11: I pay attention to it, Steve. I mean, that's what
• 2:35:11
  Speaker 11: we're looking at. We're looking at the tape every single day.
• 2:35:14
  Speaker 11: We're taking trades based on setups in the market for
• 2:35:19
  Speaker 11: leading stocks that we think are going to have explosive moves.
• 2:35:23
  Speaker 11: And we're taking very, very, very small amounts of risk.
• 2:35:26
  Speaker 11: And we're out of these trades immediately if they're not
• 2:35:30
  Speaker 11: setting up and they're not working.
• 2:35:32
  Speaker 17: Out the way that we want.
• 2:35:33
  Speaker 11: And again, it's because we have imperfect information.
• 2:35:37
  Speaker 1: So I'm not saying you're operating in a bubble, but
• 2:35:41
  Speaker 1: to a certain extent, those outside influences are not a
• 2:35:47
  Speaker 1: huge factor in determining whether or not this is a
• 2:35:49
  Speaker 1: good buy or the time to sell when you're doing
• 2:35:53
  Speaker 1: the technical analysis. Is that a fair statement?
• 2:35:57
  Speaker 12: Yeah, I would say.
• 2:35:57
  Speaker 11: I mean, so, you know, we are obviously looking for
• 2:36:00
  Speaker 11: stocks that, you know, have high relative strength, great growth,
• 2:36:05
  Speaker 11: you know, that kind of thing. We're not dealing with
• 2:36:08
  Speaker 11: penny stocks or stocks that are in decline. You know,
• 2:36:11
  Speaker 11: we're looking at, you know, leading stocks, right? But again,
• 2:36:14
  Speaker 11: we just have imperfect information. And so we are sort
• 2:36:18
  Speaker 11: of in a bubble in a sense. And we're just
• 2:36:20
  Speaker 11: paying attention to that tape.
• 2:36:21
  Speaker 12: The tape tells all.
• 2:36:23
  Speaker 4: Right.
• 2:36:23
  Speaker 1: Do you ever get concerned over saying, Boy, it's really high-priced.
• 2:36:28
  Speaker 1: Is there any room for growth before you make that
• 2:36:31
  Speaker 1: decision to buy into it? I mean, I can speculate
• 2:36:34
  Speaker 1: in my own head. Some of the names that you're
• 2:36:36
  Speaker 1: talking about in some of the tech sectors, there's some
• 2:36:38
  Speaker 1: high-priced stock, and some people say, well, it's too high-priced
• 2:36:42
  Speaker 1: or it's too overpriced. What are your thoughts?
• 2:36:46
  Speaker 12: I mean, it's funny.
• 2:36:48
  Speaker 11: When a stock breaks out to new all-time highs, there's
• 2:36:51
  Speaker 11: no overhead resistance. So imagine that you have a stock
• 2:36:55
  Speaker 11: that just sold off, right? So it made a new
• 2:36:57
  Speaker 11: all-time high. It sold off. It's down 30%. There's a
• 2:37:00
  Speaker 11: lot of people that got.
• 2:37:01
  Speaker 12: Caught at the top.
• 2:37:03
  Speaker 11: And so now as we're climbing that wall of worry again,
• 2:37:06
  Speaker 11: we're starting to make moves higher in that stock, you've
• 2:37:09
  Speaker 11: got people that were trapped that are saying to themselves, gosh,
• 2:37:13
  Speaker 11: I just want to break even. I bought at 95,
• 2:37:15
  Speaker 11: and okay, it's at 95. I'm just getting out. And
• 2:37:19
  Speaker 11: so you have a lot of selling pressure. as that
• 2:37:21
  Speaker 11: stock is climbing that wall of worry again and looking
• 2:37:25
  Speaker 11: to break out to all-time highs. But when that stock
• 2:37:28
  Speaker 11: hits all-time highs, you've got nothing. but net at that point,
• 2:37:31
  Speaker 11: nothing but.
• 2:37:31
  Speaker 12: Air ahead of you, right?
• 2:37:32
  Speaker 11: And so stocks that double tend to double again. Stocks
• 2:37:37
  Speaker 11: that are hitting all-time highs tend to continue to hit
• 2:37:39
  Speaker 11: all-time highs. And so we just roll with it.
• 2:37:42
  Speaker 4: We just go with it.
• 2:37:43
  Speaker 11: I'm not looking at these stocks saying, well, I don't know,
• 2:37:46
  Speaker 11: it's too high right now.
• 2:37:48
  Speaker 4: No.
• 2:37:49
  Speaker 12: In fact..
• 2:37:50
  Speaker 11: In a lot of cases, these are better buys, right,
• 2:37:53
  Speaker 11: because there's no overhead resistance whatsoever.
• 2:37:59
  Speaker 1: That is just fascinating, don't you think, John? I mean,
• 2:38:01
  Speaker 1: that is absolute, I think, a great insight into him.
• 2:38:06
  Speaker 1: I just think the insight is interesting.
• 2:38:10
  Speaker 10: He's speaking a language that you and I have been
• 2:38:12
  Speaker 10: speaking since 2002 on.
• 2:38:12
  Speaker 12: The radio, so..
• 2:38:15
  Speaker 10: He's probably describing it a little bit more eloquently than
• 2:38:19
  Speaker 10: I usually do because he's that type of guy.
• 2:38:24
  Speaker 1: Well, these guys have used some things that you've said
• 2:38:27
  Speaker 1: over the years. Technical analysis, which you and I have
• 2:38:30
  Speaker 1: talked about over the years, and they share a hatred
• 2:38:34
  Speaker 1: of annuities.
• 2:38:34
  Speaker 11: Yes.
• 2:38:38
  Speaker 1: I mean, we've done an entire broadcast where, as I
• 2:38:42
  Speaker 1: would say to these guys, listen, I understand you guys
• 2:38:44
  Speaker 1: are real smart and all this kind of stuff. But
• 2:38:47
  Speaker 1: for a Joe bag of donuts, when some guy tells you, well,
• 2:38:50
  Speaker 1: I'm going to put you into an annuity in too
• 2:38:52
  Speaker 1: many cases where and I'm not talking about your dad,
• 2:38:55
  Speaker 1: but it could be the case, Edward, where you're afraid
• 2:38:57
  Speaker 1: to ask what the hell is an annuity? Because you
• 2:39:03
  Speaker 1: really don't know what it is. And how many times
• 2:39:05
  Speaker 1: do we get people investing in something that they don't
• 2:39:07
  Speaker 1: even understand what the investment is? And ultimately, John tries
• 2:39:14
  Speaker 1: to explain on an entire broadcast why you hate annuities, John,
• 2:39:17
  Speaker 1: and how the guy selling it to you is making
• 2:39:20
  Speaker 1: all the commission and the client is usually not getting
• 2:39:23
  Speaker 1: the best end of the deal.
• 2:39:25
  Speaker 10: Yeah, the client's getting their own money back is what's happening.
• 2:39:28
  Speaker 10: in exchange for giving an insurance company and insurance salesperson
• 2:39:31
  Speaker 10: a ton of money. But listen, I can tell you,
• 2:39:35
  Speaker 10: this is a great way to turn the conversation back
• 2:39:36
  Speaker 10: over to Gabe, because Gabe was right there with me.
• 2:39:40
  Speaker 10: My first two brokerage houses were MetLife and New York Life.
• 2:39:44
  Speaker 10: And Gabe can testify that they basically firehosed us with
• 2:39:49
  Speaker 10: life insurance annuities and mutual funds. And if he didn't
• 2:39:52
  Speaker 10: sell those with life insurance being number one, you're kind
• 2:39:56
  Speaker 10: of a scumbag. They almost made you feel stupid. And
• 2:39:59
  Speaker 10: you live in this like cloud for so many, as
• 2:40:03
  Speaker 10: long as you remain with them, like that Northwestern Mutual
• 2:40:06
  Speaker 10: or New York Life or they're the only game in
• 2:40:08
  Speaker 10: town and they're a mutually owned company and they're so
• 2:40:11
  Speaker 10: powerful and only stupid people will not invest in this.
• 2:40:14
  Speaker 10: And then you kind of get out of the forest
• 2:40:17
  Speaker 10: and be like, wait a minute, there's a whole new
• 2:40:18
  Speaker 10: world that's like way better than this. And those guys
• 2:40:21
  Speaker 10: are just selling you a bunch of BS.
• 2:40:22
  Speaker 4: Yes.
• 2:40:23
  Speaker 10: God, I wish you could say the real world. But
• 2:40:25
  Speaker 10: the truth is, is Gabe lived that life, and he
• 2:40:27
  Speaker 10: could testify to what you're saying that, yeah, they absolutely
• 2:40:31
  Speaker 10: brainwashed you as an agent, and they make you almost
• 2:40:33
  Speaker 10: feel like an idiot, almost like not part of the
• 2:40:36
  Speaker 10: popular crowd as a kid if you're not selling life
• 2:40:39
  Speaker 10: insurance and annuities and you belong to one of those
• 2:40:41
  Speaker 10: three or four insurance groups. And I'm just going to
• 2:40:44
  Speaker 10: tell you, on a scale of one to ten, ten
• 2:40:46
  Speaker 10: being the best place you can invest and one being
• 2:40:48
  Speaker 10: the worst, they're like at a minus ten. So that's
• 2:40:51
  Speaker 10: where that stands.
• 2:40:53
  Speaker 1: All right. We're talking money talks. John Arnold tonight, NewsRadio
• 2:40:57
  Speaker 1: 570 WKBN. As we go along, John, I want you
• 2:41:01
  Speaker 1: to talk at this point. I'll just let those guys
• 2:41:04
  Speaker 1: pause for just a second. I want you to talk
• 2:41:05
  Speaker 1: about the criteria for people to get into your hedge
• 2:41:08
  Speaker 1: fund so that people who didn't hear us last week
• 2:41:11
  Speaker 1: or haven't heard us because the window is open now.
• 2:41:14
  Speaker 1: Once you hit 100 clients or I forget the term
• 2:41:19
  Speaker 1: you use in your hedge fund, then it's closed. but
• 2:41:23
  Speaker 1: there's criteria to get into this hedge fund and give
• 2:41:27
  Speaker 1: me a phone number on people that are interested in
• 2:41:30
  Speaker 1: and talk just a little bit from your perspective when
• 2:41:33
  Speaker 1: you put the money in and how it's managed and,
• 2:41:37
  Speaker 1: and how you report back to the clients.
• 2:41:41
  Speaker 10: Yeah.
• 2:41:42
  Speaker 5: Okay.
• 2:41:43
  Speaker 10: There's three criteria. You can do one of the three.
• 2:41:46
  Speaker 10: The easiest one is if you can just initially put
• 2:41:48
  Speaker 10: in $ 200, 000 and You're accredited. You are proven.
• 2:41:53
  Speaker 12: No questions asked.
• 2:41:55
  Speaker 10: Number two, if you can show two prior years, prior years,
• 2:42:00
  Speaker 10: not one, not two, but two prior years of income
• 2:42:04
  Speaker 10: over $ 200, 000 a year, you're accredited. Or if you can
• 2:42:08
  Speaker 10: show $ 1 million in assets outside of your permanent residence,
• 2:42:13
  Speaker 10: you're also accredited. So one of those three makes you accredited.
• 2:42:17
  Speaker 10: And unfortunately... because there's some people I really care about
• 2:42:20
  Speaker 10: and love to have as clients, we weren't able to
• 2:42:23
  Speaker 10: accept clients that want to get in. Excuse me, we
• 2:42:25
  Speaker 10: call them limited partners. And, hey, like, there's no fine line.
• 2:42:30
  Speaker 10: There is no subjective nature here. It is you either
• 2:42:33
  Speaker 10: have it or you don't. They make you prove it.
• 2:42:36
  Speaker 10: Our administrator, Repool, makes you prove it. And if you
• 2:42:39
  Speaker 10: can't prove it, you're out. And it's not disrespect, and
• 2:42:42
  Speaker 10: it's not being a hard ass. It's, frankly, being that
• 2:42:45
  Speaker 10: we're following the rules, and our third-party administrator is really, really,
• 2:42:49
  Speaker 10: following the rules and protecting us, protecting them.
• 2:42:52
  Speaker 4: And that's that.
• 2:42:53
  Speaker 10: So let me review. $ 200, 000 at once or $ 200, 000 in
• 2:42:58
  Speaker 10: income or $ 1 million in assets. So you meet one
• 2:43:02
  Speaker 10: of those three.
• 2:43:04
  Speaker 4: Give us an interview.
• 2:43:05
  Speaker 10: I'll interview you. You interview me. Just make sure we're fit.
• 2:43:08
  Speaker 10: I'll send you what's called a PPM, and I'll send
• 2:43:11
  Speaker 10: you a– I wrote a plain speak letter to accommodate it.
• 2:43:15
  Speaker 10: So somebody who doesn't understand legal jargon, can just plainly
• 2:43:19
  Speaker 10: get their answers. And then we set up a final
• 2:43:21
  Speaker 10: interview with me to make sure that they know what
• 2:43:23
  Speaker 10: they're getting into, because I'm not in need of money
• 2:43:25
  Speaker 10: or an unlimited partner. I'm doing this to do something
• 2:43:28
  Speaker 10: special and to get to the next level. So I'm
• 2:43:30
  Speaker 10: not willing to chance it and make sure that we're
• 2:43:32
  Speaker 10: just wanting to make sure that the right people are
• 2:43:34
  Speaker 10: in this thing.
• 2:43:34
  Speaker 12: So that's it.
• 2:43:36
  Speaker 10: And then, so let me, let me pull up the
• 2:43:37
  Speaker 10: number here and, uh, and give that out. And in
• 2:43:40
  Speaker 10: the meantime, I can give, give me an email at
• 2:43:42
  Speaker 10: John period, Arnold, JLN period, Arnold at, theinvestment.coach. So I'll repeat,
• 2:43:50
  Speaker 10: john.arnold at theinvestment.coach. If you want to give us a call,
• 2:43:55
  Speaker 10: we have a phone number to the fund.
• 2:43:57
  Speaker 4: 330-288-7709, 330-288-7709.
• 2:43:57
  Speaker 12: And we'll give you an interview.
• 2:43:58
  Speaker 10: It's the opposite of any pressure. Talk to two people
• 2:44:02
  Speaker 10: over coffee and If you ever fit great, if not,
• 2:44:14
  Speaker 10: I appreciate your interest.
• 2:44:15
  Speaker 1: And as you were saying on a previous broadcast, this
• 2:44:17
  Speaker 1: isn't something that you're looking for somebody to say, okay,
• 2:44:21
  Speaker 1: I'm in for two months or whatever, even though you
• 2:44:23
  Speaker 1: can get out if you choose to. But this is
• 2:44:25
  Speaker 1: something that you want to commit to for a period
• 2:44:29
  Speaker 1: of time, correct?
• 2:44:30
  Speaker 10: Correct. Listen, I'm looking to give you potentially, because I
• 2:44:35
  Speaker 10: can't guarantee it, potentially far better than market average returns.
• 2:44:39
  Speaker 10: If you think I can get you far better than
• 2:44:41
  Speaker 10: average returns in two to three months, you're wrong. Maybe
• 2:44:44
  Speaker 10: I get lucky, but the average is not that. So
• 2:44:47
  Speaker 10: I tell people, give me a couple years. If you're
• 2:44:49
  Speaker 10: not interested in doing that, please don't waste both of
• 2:44:52
  Speaker 10: our time. Again, we're not in need of business. We're
• 2:44:54
  Speaker 10: not in need of LPs. I want the right people.
• 2:44:57
  Speaker 10: You want the right investment. And so if it makes
• 2:45:00
  Speaker 10: sense for you, great. But if it doesn't, hey, you
• 2:45:03
  Speaker 10: can call me off the radio and get investment advice
• 2:45:05
  Speaker 10: for free off me, or I can send you over
• 2:45:07
  Speaker 10: to the boys at Rockport. They'll do a good job.
• 2:45:09
  Speaker 10: And we'll go from there.
• 2:45:11
  Speaker 9: All right.
• 2:45:13
  Speaker 1: And when you guys invest the money on stocks that
• 2:45:18
  Speaker 1: will change, is it mainly stocks? I'm making an assumption there.
• 2:45:25
  Speaker 4: Yeah.
• 2:45:26
  Speaker 10: I will tell you, like I'll pepper in like an
• 2:45:28
  Speaker 10: ETF like ARK, which is a robotic technology fund. But
• 2:45:32
  Speaker 10: other than a really high beta ETF that's fast moving
• 2:45:35
  Speaker 10: like SOSX or whatever, I'll probably stay away from the
• 2:45:39
  Speaker 10: mom-and-pop ETFs like mid-cap growth, large-cap growth, because I'm not
• 2:45:43
  Speaker 10: going to get you better than average returns. So we're
• 2:45:45
  Speaker 10: going to go probably individual equities. We'll hedge with some puts.
• 2:45:49
  Speaker 10: Maybe we'll go some covered calls, et cetera. But the
• 2:45:53
  Speaker 10: majority of your money is going to be made on
• 2:45:55
  Speaker 10: individual equities in my fund anyway, and I'm assuming Steve
• 2:45:59
  Speaker 10: as well.
• 2:45:59
  Speaker 1: And this is managed on obviously a daily basis with
• 2:46:03
  Speaker 1: money moving in different directions. on an hourly basis on that.
• 2:46:10
  Speaker 1: And then you report back to the clientele or whatever
• 2:46:14
  Speaker 1: you call them at the end of the month?
• 2:46:18
  Speaker 10: Those people are called limited partners, and yes, we do.
• 2:46:21
  Speaker 10: So they get a website to subscribe to called Repo.
• 2:46:24
  Speaker 10: Repo is our third-party administrator. They're like the fence between
• 2:46:27
  Speaker 10: us and the client to keep us honest. And so
• 2:46:30
  Speaker 10: that will give you a performance at the end of
• 2:46:34
  Speaker 10: every month. And Gabe or Abe, Ed, would you kind
• 2:46:39
  Speaker 10: of jump in here and talk about Repool? I believe
• 2:46:42
  Speaker 10: it will give you actually internal returns on a daily
• 2:46:45
  Speaker 10: basis as well.
• 2:46:47
  Speaker 4: Well, yeah, this is 100% of what I do. So
• 2:46:51
  Speaker 4: Repool will report, this is the long form of it, You, John,
• 2:46:58
  Speaker 4: and I will both get an email from people saying, hey,
• 2:47:02
  Speaker 4: we've gone through last month's numbers. We need you to
• 2:47:05
  Speaker 4: look at them to make sure it's okay. We will
• 2:47:07
  Speaker 4: both go through all reports client by client, LP by LP,
• 2:47:10
  Speaker 4: and make sure everything looks right. We check it off,
• 2:47:13
  Speaker 4: and then as soon as we hit yes, I approve,
• 2:47:15
  Speaker 4: that's correct, then it goes out to all the LPs saying,
• 2:47:18
  Speaker 4: here's what your net asset value is in the hedge
• 2:47:22
  Speaker 4: fund today, or what it was on the 30th of
• 2:47:24
  Speaker 4: the month of the last.
• 2:47:25
  Speaker 12: Day of the month.
• 2:47:26
  Speaker 4: So you'll get, um, it's just months, every once a month,
• 2:47:29
  Speaker 4: they don't watch it minute by minute. They can't see
• 2:47:31
  Speaker 4: it as we're doing trades. Um, but they can see
• 2:47:35
  Speaker 4: it at the end of every month. And that goes
• 2:47:37
  Speaker 4: back to the nature of this is a year long
• 2:47:39
  Speaker 4: investment minimum, minimum for one year. Um, and we're hoping
• 2:47:43
  Speaker 4: guys stay with our men and women stay with us for,
• 2:47:46
  Speaker 4: you know, a dozen years, right? Cause that's when you're
• 2:47:48
  Speaker 4: going to see crazy growth is over that 10, 12
• 2:47:51
  Speaker 4: year period. That's where we, that's our, that's our ideal client. Um,
• 2:47:56
  Speaker 4: you know, John, I thought there's two other people who
• 2:47:58
  Speaker 4: can qualify for accredited. Um, by the way, there's, A
• 2:48:02
  Speaker 4: married couple that makes $ 300, 000 combined for two years. So
• 2:48:07
  Speaker 4: if one's making $ 120, 000, one's making $ 180, 000. Those guys qualify.
• 2:48:11
  Speaker 4: They're accredited. So it doesn't have to be one person
• 2:48:13
  Speaker 4: making $ 200, 000. The household can make $ 300, 000. And a trust
• 2:48:18
  Speaker 4: that has $ 5 million in assets. So if you have
• 2:48:21
  Speaker 4: a family, there's 10 of you in it, and you've
• 2:48:24
  Speaker 4: all pooled your money together, and there's $ 5 million in assets,
• 2:48:26
  Speaker 4: then that trust can also invest in assets. be accredited
• 2:48:31
  Speaker 4: at that point. So there's two other options.
• 2:48:34
  Speaker 10: So what you're saying is the trust, I just actually
• 2:48:36
  Speaker 10: ran into this today with a client that wanted to
• 2:48:39
  Speaker 10: put his money into a trust. So you're saying all
• 2:48:42
  Speaker 10: the trustees of the trust would equal $ 5 million and
• 2:48:46
  Speaker 10: that would do the job, am I correct?
• 2:48:50
  Speaker 4: Let's say it's a real estate trust and they have
• 2:48:52
  Speaker 4: a vacation home and they just all built a, they
• 2:48:55
  Speaker 4: have a beach house worth 5 million bucks and it's
• 2:48:57
  Speaker 4: owned by everybody, you know, so I'll pull together to
• 2:48:59
  Speaker 4: buy this house. That trust is qualified or is, um,
• 2:49:03
  Speaker 4: accredited because it doesn't matter how many members are there.
• 2:49:06
  Speaker 4: It could be five, it could be a hundred, but
• 2:49:07
  Speaker 4: the trust is now accredited because it has 5 million
• 2:49:11
  Speaker 4: value or, or everyone in the trust, let's say it's
• 2:49:15
  Speaker 4: a two person trust. Everyone in the trust is accredited. So, uh,
• 2:49:20
  Speaker 4: Joe and Mark both own this trust together, and they
• 2:49:26
  Speaker 4: separately are accredited. Now, the trust may only have $ 200, 000
• 2:49:28
  Speaker 4: in it, but the owners of the trust, all the
• 2:49:31
  Speaker 4: members of the trust, are accredited separately. Then the trust
• 2:49:35
  Speaker 4: can also, and REPUL is going to evaluate all of that.
• 2:49:39
  Speaker 4: They'll need documentation that either the members are all accredited
• 2:49:42
  Speaker 4: or that there's $ 5 million plus assets.
• 2:49:46
  Speaker 12: In the trust.
• 2:49:48
  Speaker 1: Right. I want to say there's just measures involved here
• 2:49:51
  Speaker 1: to make sure that the money's held in a party's
• 2:49:57
  Speaker 1: hands so that everybody feels comfortable.
• 2:50:02
  Speaker 4: I think more than that, I think what the goal
• 2:50:04
  Speaker 4: is to make sure that the people that invest in
• 2:50:06
  Speaker 4: hedge funds, this is the SEC and FINRA's goal, people
• 2:50:09
  Speaker 4: that invest in hedge funds are savvy enough to handle
• 2:50:14
  Speaker 4: the risk, to understand the risk, and also that they
• 2:50:18
  Speaker 4: can absorb a loss. So if they think this is
• 2:50:22
  Speaker 4: a three-month investment and they need it to double overnight,
• 2:50:26
  Speaker 4: and if it could cut in half because some crazy
• 2:50:29
  Speaker 4: new war, that they're okay, that they haven't put all
• 2:50:32
  Speaker 4: their eggs in one basket. So they're thinking $ 100, 000 isn't
• 2:50:34
  Speaker 4: going to ruin you. And they also look at the
• 2:50:38
  Speaker 4: amount of your assets you put in. If you're worth
• 2:50:39
  Speaker 4: a million, you can't put $ 900, 000 in this thing. There's
• 2:50:44
  Speaker 4: limits of your money you're allowed to put in.
• 2:50:46
  Speaker 1: Yeah, guardrails on it, if you will.
• 2:50:50
  Speaker 4: Yeah, exactly.
• 2:50:51
  Speaker 6: All right.
• 2:50:52
  Speaker 1: And then when you, as I understand it from talking
• 2:50:55
  Speaker 1: to John on previous programs, almost the recipe of Kentucky
• 2:51:02
  Speaker 1: Fried Chicken, the big secret here, the recipe of what
• 2:51:05
  Speaker 1: the specifics of the stocks that are being bought in
• 2:51:08
  Speaker 1: a fund are not revealed to the Correct?
• 2:51:15
  Speaker 4: Almost never. I mean, it's at John's discretion if he
• 2:51:19
  Speaker 4: wants to have a conversation with someone of what we've
• 2:51:24
  Speaker 4: held in the past or what we currently hold, but
• 2:51:26
  Speaker 4: it's bad. There's nothing illegal about it, and it's just
• 2:51:31
  Speaker 4: dangerous because then the clients may try to track our
• 2:51:34
  Speaker 4: trades and follow them themselves and get themselves in a
• 2:51:37
  Speaker 4: lot of trouble because we're in and out in seconds, right?
• 2:51:39
  Speaker 4: So do you ask me what I'm into today? and
• 2:51:43
  Speaker 4: you go and buy it, and then I'm out in
• 2:51:45
  Speaker 4: five minutes later just because that's what the market looks
• 2:51:47
  Speaker 4: like and you're in it for a month, that gets dangerous.
• 2:51:51
  Speaker 4: So we try not to give financial advice to our clients.
• 2:51:55
  Speaker 1: I'm surprised just based on what you're saying, John, that
• 2:51:57
  Speaker 1: these guys don't have a nervous breakdown. I mean, geez.
• 2:52:00
  Speaker 4: You know what's crazy?
• 2:52:04
  Speaker 10: So you would think that investing the money or getting
• 2:52:08
  Speaker 10: limited partners, which you would call clients, is the hard
• 2:52:10
  Speaker 10: part for me. And I would say Gabe and even
• 2:52:13
  Speaker 10: Edward is very likable. That's probably the easy part. The
• 2:52:16
  Speaker 10: hard part is making sure administratively that we're maintaining compliance
• 2:52:20
  Speaker 10: and we're not accidentally overstepping our boundaries or not following
• 2:52:23
  Speaker 10: the right paperwork or guiding the client through or navigating
• 2:52:28
  Speaker 10: the client through the system, which is not easy.
• 2:52:30
  Speaker 1: Well, as you were introducing these guys, with all due respect, John,
• 2:52:34
  Speaker 1: to you and to Edward, my initial reaction was, Gabe,
• 2:52:38
  Speaker 1: you've got the hardest job. Sorry, guys. I mean, not
• 2:52:43
  Speaker 1: only the hardest job, but I think probably one of
• 2:52:45
  Speaker 1: the most important jobs as well because he's the guy
• 2:52:49
  Speaker 1: that's got to be the referee on you two guys saying, no,
• 2:52:53
  Speaker 1: this is okay, this isn't okay.
• 2:52:55
  Speaker 26: It's that plus then we have a bad month and
• 2:53:00
  Speaker 26: I'm the one who hits that button and says I
• 2:53:02
  Speaker 26: approve this and then all the emails go out and
• 2:53:04
  Speaker 26: they see what the month looked like.
• 2:53:06
  Speaker 4: I get the phone calls.
• 2:53:08
  Speaker 27: Yeah, but you have to admit, I mean, whether it's
• 2:53:14
  Speaker 27: a hedge fund or you're just in the stock market
• 2:53:17
  Speaker 27: in general, listen, stocks are going to go up and
• 2:53:19
  Speaker 27: stocks are.
• 2:53:20
  Speaker 1: Going to go down. I mean, there are no guarantees
• 2:53:24
  Speaker 1: in this type of arena. And if you don't understand
• 2:53:27
  Speaker 1: that going in, then it might not be for you.
• 2:53:32
  Speaker 4: Right, and that goes back to the accredited investor, right?
• 2:53:35
  Speaker 4: That goes back to these guys know. By now, if
• 2:53:38
  Speaker 4: they've been around a long time and made this money,
• 2:53:41
  Speaker 4: they know it's not always smooth sailing.
• 2:53:44
  Speaker 12: Not always smooth sailing.
• 2:53:45
  Speaker 6: Yeah.
• 2:53:45
  Speaker 4: So that's why we like them. So it also helps
• 2:53:49
  Speaker 4: compared to what John and I did forever where we
• 2:53:52
  Speaker 4: worked with new investors, teaching them the ropes, and that
• 2:53:56
  Speaker 4: was way harder. The market went down in a year 10%.
• 2:54:01
  Speaker 4: And these guys have been pouring their money into their retirement,
• 2:54:04
  Speaker 4: and they have less than what they put in. For
• 2:54:07
  Speaker 4: the first time in their lives, that's a scary situation,
• 2:54:09
  Speaker 4: just like what happened to Ed's parents in 2008 and
• 2:54:12
  Speaker 4: so many people in 2000.
• 2:54:13
  Speaker 1: And you say to yourself, well, you want to wait
• 2:54:15
  Speaker 1: it out, but there are variable factors in that. It depends.
• 2:54:19
  Speaker 1: where you are age-wise or what financial obligations you might
• 2:54:23
  Speaker 1: have at that particular time. There's so many variables as
• 2:54:26
  Speaker 1: to why people do what they do. But certainly, what's
• 2:54:31
  Speaker 1: the old cliche? I mean, buy low, sell high. I'm
• 2:54:35
  Speaker 1: just curious, your reaction to something that's– to throw you
• 2:54:39
  Speaker 1: both maybe a little bit of a curveball. I don't
• 2:54:42
  Speaker 1: understand something. Usually in times of uncertainty, gold does very good, okay?
• 2:54:46
  Speaker 1: I mean, in times of uncertainty. Yet when you look
• 2:54:49
  Speaker 1: at gold, it's kind of not, you see it coming down.
• 2:54:54
  Speaker 1: I mean, it's not low, but when you track gold,
• 2:54:57
  Speaker 1: does it make sense to you what's going on with
• 2:54:59
  Speaker 1: it currently? Traditionally, uncertainty brings gold prices high, not declining.
• 2:55:06
  Speaker 10: Yeah, so I can jump into that real quick. No, no,
• 2:55:09
  Speaker 10: go ahead, John. Please, you talk about it. No, no, please, you.
• 2:55:12
  Speaker 4: You please.
• 2:55:12
  Speaker 11: Yeah, so, you know, I track gold and silver. Those
• 2:55:17
  Speaker 11: are the two markets that I track quite a bit. And, look,
• 2:55:20
  Speaker 11: you know, gold's been in secular bull markets since 1999
• 2:55:24
  Speaker 11: or 2001.
• 2:55:25
  Speaker 12: I think we had a double bottom, take your pick.
• 2:55:28
  Speaker 11: It's had an extraordinary run since then. We started to
• 2:55:32
  Speaker 11: enter into what looked like a parabolic phase when it
• 2:55:35
  Speaker 11: broke out of a couple of key technical levels last year,
• 2:55:39
  Speaker 11: the early last year. It got overextended. I mean, it
• 2:55:42
  Speaker 11: got extended above some of these moving averages, and it
• 2:55:45
  Speaker 11: was due for a correction. So it just so happened
• 2:55:48
  Speaker 11: that this profit-taking event occurred at the exact same time
• 2:55:52
  Speaker 11: that we got involved in.
• 2:55:54
  Speaker 4: A war, right?
• 2:55:55
  Speaker 11: And so, you know, people... noticed that this thing got extended,
• 2:56:00
  Speaker 11: that it was, you know, going kind of parabolic. Smart
• 2:56:03
  Speaker 11: money started to take profits.
• 2:56:05
  Speaker 4: And we had a correction, right?
• 2:56:07
  Speaker 11: Selling begot selling. And now we're sort of, you know,
• 2:56:10
  Speaker 11: trading sideways. And just like I was saying earlier, these
• 2:56:14
  Speaker 11: people that got in late, right, they're looking for the
• 2:56:17
  Speaker 11: exits now because they're not sure whether we're still in
• 2:56:19
  Speaker 11: the bull market. And so as gold is trying to
• 2:56:22
  Speaker 11: make a higher high, they start selling, right, which adds
• 2:56:25
  Speaker 11: selling pressure to it. So, you know, in my mind
• 2:56:28
  Speaker 11: right now, gold and silver, they had spectacular runs. I
• 2:56:32
  Speaker 11: think that we're still in a bull market, but I
• 2:56:35
  Speaker 11: think that we're in a correction right now, in a
• 2:56:38
  Speaker 11: sideways consolidation. It could last, you know, another month, two,
• 2:56:43
  Speaker 11: three more months. But my bet is that we're going higher, especially,
• 2:56:48
  Speaker 11: you know, given the debt that our country has and
• 2:56:52
  Speaker 11: the money printing and this and that. Right now, you know,
• 2:56:55
  Speaker 11: if I'm looking at the tape... I'm saying, yeah, I mean,
• 2:56:57
  Speaker 11: this is probably not a market I want to be
• 2:56:59
  Speaker 11: involved in at this moment. But to me, it's unsurprising
• 2:57:03
  Speaker 11: that we had this pullback. It's unsurprising that we're trading sideways,
• 2:57:08
  Speaker 11: despite the fact that, yeah, gold is usually an inflation
• 2:57:13
  Speaker 11: hedge safe haven. These are the kinds of things that
• 2:57:15
  Speaker 11: we tell ourselves about it. But we just got extended
• 2:57:18
  Speaker 11: and people were taking profits.
• 2:57:22
  Speaker 1: I tell you, John, these guys are very interesting. They're
• 2:57:25
  Speaker 1: fascinating just hearing their thought process.
• 2:57:26
  Speaker 12: They're excellent.
• 2:57:27
  Speaker 1: Tell people once again how to get a hold of
• 2:57:29
  Speaker 1: you and how to email you, please, before we run
• 2:57:32
  Speaker 1: out of time here. Seconds remaining.
• 2:57:34
  Speaker 10: Fund number 330-288-7709, 330-288-7709, john.arnold at theinvestment.coach.
• 2:57:36
  Speaker 12: Gabe, you got your hands full, okay?
• 2:57:51
  Speaker 1: Have a good night.
• 2:58:14
  Speaker 18: Haven't signed off on it. ABC's Ian Pannell.
• 2:58:16
  Speaker 21: I think it's important for people to remember that what
• 2:58:19
  Speaker 21: we're looking at here is not an actual final deal
• 2:58:22
  Speaker 21: to end the war. It's pushing back the ceasefire by
• 2:58:26
  Speaker 21: another 60 days, possibly lifting some of those restrictions in
• 2:58:29
  Speaker 21: the Strait of Hormuz and the withdrawal of the U.S.
• 2:58:32
  Speaker 9: Naval blockade.
• 2:58:33
  Speaker 18: Inflation hitting its highest level in three years.
• 2:58:35
  Speaker 24: The personal consumption expenditure price index, the Fed's preferred inflation gauge,
• 2:58:39
  Speaker 24: rose last month to 3.8%. That's up from 3.5% in March.
• 2:58:44
  Speaker 24: But Treasury Secretary Scott Vessant claiming interest rates could come
• 2:58:48
  Speaker 24: down soon.
• 2:58:48
  Speaker 2: This challenging period now, they are on higher prices. On
• 2:58:52
  Speaker 2: the other side of this, I've said publicly that I
• 2:58:55
  Speaker 2: think we'll be back to substantial disinflation. But most importantly,
• 2:58:59
  Speaker 2: I think we've got the Warsh Fed now. It's a
• 2:59:02
  Speaker 2: new day at the Fed.
• 2:59:03
  Speaker 24: Crews say they've now recovered six of nine workers missing
• 2:59:06
  Speaker 24: and presumed to be dead after a chemical tank rupture
• 2:59:09
  Speaker 24: in Washington State at a paper mill.
• 2:59:11
  Speaker 18: And there's concern over environmental contamination.
• 2:59:13
  Speaker 25: Some contamination has leaked into the nearby Columbia River, but
• 2:59:17
  Speaker 25: the EPA says no effects on the river have been observed,
• 2:59:20
  Speaker 25: although about a dozen dead fish were found in nearby ditches.
• 2:59:24
  Speaker 25: Crews are now flushing and diluting water in the ditch
• 2:59:26
  Speaker 25: system to help prevent further contamination. State environmental officials say
• 2:59:31
  Speaker 25: local drinking water supplies have not been affected.
• 2:59:34
  Speaker 18: ABC's Hannah Batta.
• 2:59:35
  Speaker 24: The National Park Service says rescuers are trying to reach
• 2:59:38
  Speaker 24: four climbers by helicopter... who fell on Alaska's Mount McKinley,
• 2:59:42
  Speaker 24: North America's tallest peak. In Central Africa, more than 250
• 2:59:45
  Speaker 24: people so far have died from what's suspected to be Ebola.
• 2:59:49
  Speaker 24: And health concerns, as officials say, that the virus is
• 2:59:52
  Speaker 24: spreading faster than they can contain.
• 2:59:54
  Speaker 18: You're listening to ABC News.
• 2:59:56
  Speaker 28: Hot summer days and high energy bills are on the way.
• 2:59:59
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• 3:00:28
  Speaker 29: our cash and the free report you can receive a
• 3:00:30
  Speaker 29: copy of by contacting Swiss America at 800-289-2646. I'd also
• 3:00:35
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• 3:00:46
  Speaker 29: about BRICS, industry leaders, and their market predictions for the future,
• 3:00:50
  Speaker 29: along with what you might expect to see in terms
• 3:00:51
  Speaker 29: of precious metal performance in the weeks and months ahead.
• 3:00:54
  Speaker 29: Message and data rates may apply.
• 3:00:57
  Speaker 24: A search is underway in Hawaii for a suspect after
• 3:01:00
  Speaker 24: three murders.
• 3:01:01
  Speaker 22: Police on the island of Hawaii are looking for 36-year-old
• 3:01:04
  Speaker 22: Jacob Daniel Baker. For three murders on the big island,
• 3:01:07
  Speaker 22: Baker is considered armed and dangerous. Police say three men
• 3:01:11
  Speaker 22: have been murdered in homes since Monday night. Two of
• 3:01:13
  Speaker 22: them were elderly men. Two women filed for restraining orders
• 3:01:17
  Speaker 22: against Baker last week saying he had threatened their lives.
• 3:01:20
  Speaker 22: Autopsies are scheduled to better understand how the three men died.
• 3:01:24
  Speaker 22: Alex Stone, EBC News.
• 3:01:26
  Speaker 24: Vice President Vance today delivered a commencement address to the
• 3:01:29
  Speaker 24: graduating cadets at the U.S.
• 3:01:30
  Speaker 18: Air Force Academy in Colorado Springs. In his speech, the.
• 3:01:34
  Speaker 24: Vice President mentioned how AI is, in his view, transforming
• 3:01:37
  Speaker 24: the landscape of war.
• 3:01:38
  Speaker 30: We ask you to apply that same adaptability, that same
• 3:01:43
  Speaker 30: innovation that you learned at this academy to an entirely
• 3:01:47
  Speaker 30: new era of warfare. One shaped by autonomous systems, AI,
• 3:01:53
  Speaker 30: and cyber operations. Technologies evolving far faster than military institutions
• 3:02:00
  Speaker 30: have historically been accustomed to.
• 3:02:03
  Speaker 24: Caesar's Entertainment, owner of the Las Vegas landmark Caesar's Palace,
• 3:02:06
  Speaker 24: is being acquired by Fertitta Entertainment, which owns the Golden
• 3:02:10
  Speaker 24: Nugget and the chain's Rainforest Cafe in Morton's, Fertitta will
• 3:02:14
  Speaker 24: pay about $ 5. 6 billion for Caesars and take on about
• 3:02:18
  Speaker 24: $ 12 billion in debt from Caesars, making the deal worth
• 3:02:21
  Speaker 24: about $ 17.
• 3:02:21
  Speaker 18: 5 billion. Dave Packer, ABC News.
• 3:02:27
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• 3:02:46
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• 3:02:51
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