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Wages No Longer Outpace Inflation | Iran Recruiting Operatives Online · The Bill Handel Show

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  Speaker 1: You're listen Saints kp I AM six forty the Bill
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  Speaker 1: Handles show on demand on the iHeartRadio app. Good Morning
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  Speaker 1: on a Wednesday, May thirteenth, coming up at eight thirty,
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  Speaker 1: as we always do on Wednesday, it will be medical
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  Speaker 1: News with doctor Jim Keeney. And the President is in
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  Speaker 1: China right now and he's going to be talking to
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  Speaker 1: President she And there's a lot to.
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  Speaker 2: Say about that for sure.
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  Speaker 1: Okay, A story I want to share with you, and
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  Speaker 1: this has already has sort of hit all of us,
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  Speaker 1: and that's inflation, the story of inflation. And for the
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  Speaker 1: first time in three years, our wages, Americans wages are
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  Speaker 1: no longer outpacing inflation, which means inflation is hitting us
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  Speaker 1: harder than it would have if our wages started going out. Now,
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  Speaker 1: the numbers seem very small, but they're not prices well,
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  Speaker 1: an annualized rate, the inflation rate is now three point
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  Speaker 1: eight percent. That's been the highest since May of twenty
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  Speaker 1: twenty three. Economists expected it to be to three point
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  Speaker 1: seven instead of went to three point eight. And again,
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  Speaker 1: the number seems small, but it is not. And so
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  Speaker 1: what's going on here? Well before the war, inflation had
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  Speaker 1: gone down to two point foo two point four, and
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  Speaker 1: then in March up it goes. And now the energy
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  Speaker 1: price shock from the Iran war is really hitting long
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  Speaker 1: standing affordability concerns and people are sweating bullets because now
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  Speaker 1: every day is the cost of beef, particularly produce has
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  Speaker 1: gone up.
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  Speaker 2: It is expensive.
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  Speaker 1: You're going to see produce across the board going up
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  Speaker 1: because fertilizer. You can't grow without fertilizer. You can't grow
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  Speaker 1: the goods without fertilizer. And where does fertilizer come from. Well,
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  Speaker 1: it comes from the ships, through the Persian Gulf, through
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  Speaker 1: the Straits of Horror moves. And so now back in
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  Speaker 1: twenty twenty two we had nine point one percent inflation rate,
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  Speaker 1: but that was as a result of the pandemic. A
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  Speaker 1: word about this I want to say is that President
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  Speaker 1: Trump is going to get the blame for this, as
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  Speaker 1: President Biden got the blame. And a president has relatively
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  Speaker 1: low influence on inflation. There are factors that the president
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  Speaker 1: does not control, except in this case, the president did
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  Speaker 1: control this. He made the decision about the war in Iran,
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  Speaker 1: which has a direct connection to the inflationary rates. But
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  Speaker 1: we're looking at inflation and the longer this thing lasts,
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  Speaker 1: it's going to be the more expensive. I mean, we
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  Speaker 1: already know gas, We already know the price of oil
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  Speaker 1: has gone up, and you're going to see and everything
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  Speaker 1: related to the world manufacturing is oil based. Look at airfare.
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  Speaker 1: You know that what our price of gasoline has gone up?
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  Speaker 1: What fifty percent? Maybe not even the price of jet
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  Speaker 1: fuel has doubled. So be prepared for some big time
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  Speaker 1: increases if you're going to be flying any place. So
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  Speaker 1: we're being hit. We're being hit right now. The gas station,
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  Speaker 1: the grocery store are electric bills. But it's going to
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  Speaker 1: move across the board. Inflation is here, and of course
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  Speaker 1: what are the politics of inflation, Well, they're everything. President
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  Speaker 1: Trump won the presidency in large part, as a matter
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  Speaker 1: of fact, major part, based on prices, that the cost
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  Speaker 1: of living was so high under Biden, and he was
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  Speaker 1: going to cut the prices in half. I mean, come on, okay,
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  Speaker 1: that's a lot of puffery, but he was going to
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  Speaker 1: lower prices. That was his premise, and he was elected
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  Speaker 1: based on a lot of people believing he was going
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  Speaker 1: to lower prices.
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  Speaker 2: He didn't.
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  Speaker 1: But again, how much influence does an administration have on
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  Speaker 1: inflation not nearly as much as we think is. For example,
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  Speaker 1: oil is a world commodity. So here is the argument
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  Speaker 1: that's being made by the administration. We produce all the
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  Speaker 1: oil we need. Therefore we're not affected about a shortage
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  Speaker 1: of oil. Of course, leaving out the fact that since
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  Speaker 1: oil is a world commodity, if it's one hundred dollars
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  Speaker 1: a barrel, that's what the refineries are paying here, one
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  Speaker 1: hundred dollars a barrel. They used to pay seven eight,
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  Speaker 1: now they're paying one hundred. And that's sort of being
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  Speaker 1: left out of the mix. Inflation is here. It's going
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  Speaker 1: to stay for a while. I mean, we're on that
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  Speaker 1: kind of a cycle.
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  Speaker 2: We really are.
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  Speaker 1: And when I talk about right now it's grossy prices,
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  Speaker 1: it's a gasoline. Man, it's going to go across the board.
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  Speaker 1: You're going to see aluminum, helium, of course, fertilizers, I said,
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  Speaker 1: and be prepared. And when we talk about the straight
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  Speaker 1: of horror moves being open again, I mean, keep in mind, Okay,
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  Speaker 1: all we have to do is opening up the straight
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  Speaker 1: and we're back to where we were before. Not even close,
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  Speaker 1: not even close. The oil experts are saying it may
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  Speaker 1: not be probably won't be until next year when we're
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  Speaker 1: back to all of the oil shipments and the refineries
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  Speaker 1: opening up again. So now prices will fall and you'll
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  Speaker 1: hear the administration touting the fact that, well, prices have
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  Speaker 1: gone up fifty done down fifty percent, Look how successful
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  Speaker 1: we are, and you're not going to hear but there's
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  Speaker 1: still a dollar more than they were. Nope, that's going
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  Speaker 1: to be downplayed. So we'll see what's going on on
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  Speaker 1: this one. Not good news for Republicans, and it's all
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  Speaker 1: I'm not say it's already starting to crack, but I
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  Speaker 1: think as the year goes by, as we get closer
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  Speaker 1: to the midterms, I think you're going to see more
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  Speaker 1: and more Republicans maga Republicans even you know what, not
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  Speaker 1: tallying how the president. They are behind the president in
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  Speaker 1: all aspects of his governance. I think there may be
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  Speaker 1: some changes. Okay, yesterday, I don't know if you saw
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  Speaker 1: the either the interrogation or the questioning, depending on which
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  Speaker 1: side of the coin you're on of Cash Patel in
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  Speaker 1: front of Congress. And when now either side goes in
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  Speaker 1: front of Congress, the opposing side, that is, the Democrats,
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  Speaker 1: are going against anybody in the Trump administration, or if
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  Speaker 1: it would be the reverse.
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  Speaker 2: It is no longer collegial.
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  Speaker 1: I mean, it is just a straight out attack and
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  Speaker 1: a fight. And yesterday the almost came to fisticuffs where
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  Speaker 1: Patel was accused of being a falling down drunk. Well,
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  Speaker 1: there's another sorry that just came out, and it has
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  Speaker 1: to do with a guy named Brian Driscoll and a
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  Speaker 1: FBI agent who was offered the number two job at
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  Speaker 1: the FBI and was told by at this point part
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  Speaker 1: of it was told by Cash Hotel, which I'll get into,
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  Speaker 1: and was told if he didn't take the job, a
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  Speaker 1: political appointee would get the role. And so Driscoll wasn't
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  Speaker 1: particularly thrilled, but okay, and then came the vetting process.
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  Speaker 1: He says he was asked a series of questions by
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  Speaker 1: incoming Trump officials about his personal politics, including those he
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  Speaker 1: voted for when he started supporting Trump, whether he voted
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  Speaker 1: for a Democrat in recent elections. Now this is an accusation, okay,
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  Speaker 1: This is has not been established. It is based on
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  Speaker 1: a CNN story and I think it is based on
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  Speaker 1: an Atlantic story. And so he Driscoll says it made
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  Speaker 1: the hair of the back of my head stand up.
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  Speaker 1: So he became acting director of the FBI for a
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  Speaker 1: month before Patel was confirmed. Patel eventually fired him in
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  Speaker 1: twenty twenty five, and he is now suing the Trump
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  Speaker 1: administration and Patel for wrongful termination.
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  Speaker 2: I don't know where he's going to go with that.
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  Speaker 1: And he says there was a White House directed purge
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  Speaker 1: of the FBI aimed at punishing or removing employees involved
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  Speaker 1: in investigations into the January sixth Capitol riots, as well
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  Speaker 1: as President Trump's possession of the classified documents after his term.
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  Speaker 1: According again to Driscoll, Patel told him that the FBI
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  Speaker 1: tried to put the president in jail and he hasn't
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  Speaker 1: forgotten it now. Of course, the denials are going to
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  Speaker 1: go all over the place. As a matter of fact,
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  Speaker 1: I think in a quote one of the anyway, a
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  Speaker 1: guy by the name of Beouve who is involved in this,
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  Speaker 1: and he was a haunchow in the FBI. Both a
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  Speaker 1: accused Driscoll of insubordination and wrote that no FBI employee
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  Speaker 1: who simply followed orders and carried out their detail duties
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  Speaker 1: in an ethical manner with respect to the January sixth
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  Speaker 1: investigation is as at risk of termination and other penalties. Now,
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  Speaker 1: you know, do you find that rather interesting? After the
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  Speaker 1: President said outright, I am going to go after those
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  Speaker 1: people who went after me. Joe Biden weaponized the Department
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  Speaker 1: of Justice, weaponized the FBI against me, and now I'm
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  Speaker 1: going to pay them back. No, no, no, nobody's in no, no, absolutely,
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  Speaker 1: and no one is in danger if they just did
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  Speaker 1: their job. How many doj attorneys prosecutors you think were
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  Speaker 1: let go or resigned? How about FBI hanchos who were
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  Speaker 1: let go or resigned or just straight out fired. A
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  Speaker 1: couple of them who in the FBI who were terminated
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  Speaker 1: by Patel were just months away from retirement so they
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  Speaker 1: can get their full pension, and they were still fired.
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  Speaker 1: And that is you know, I here's the part I hate,
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  Speaker 1: and it's just the gas lighting that's going on.
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  Speaker 2: The President says.
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  Speaker 1: I was weaponized the FBI, the Department of Justice was
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  Speaker 1: weaponized to go after be So what I'm doing now
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  Speaker 1: is not weaponizing the Department of Justice. I'm going after
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  Speaker 1: those people who went after me because of the illegality
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  Speaker 1: of them investigating me, because of they just for political purposes,
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  Speaker 1: wanted to go after me.
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  Speaker 2: And all of those accusations. Of course they're.
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  Speaker 1: Fake news, but the ones I'm making those are legitimate,
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  Speaker 1: and so you turn it's it's one of those things.
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  Speaker 1: I mean, that's the word I'm gonna use, So I
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  Speaker 1: can't think of anything else. The gaslighting part of it
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  Speaker 1: is what you're accusing me or accusing me of having
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  Speaker 1: done or doing now is because I'm just making it
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  Speaker 1: all right. I'm just making making sure that righteousness comes
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  Speaker 1: back and ethics come back, and I'm just getting rid
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  Speaker 1: of those people that are a risk, a security risk
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  Speaker 1: to the United States, for example, investigating Donald Trump.
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  Speaker 2: For the for the documents case.
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  Speaker 1: Somehow it's the security of the United States is at risk.
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  Speaker 1: It is tough, It is tough. And again the people
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  Speaker 1: I blame. By the way, does anybody not believe this?
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  Speaker 1: The Patel told them that. Does anybody not believe that?
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  Speaker 1: Patel said to him, I want to know how you voted.
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  Speaker 1: I want to know did you vote Democrat? Notwithstanding the denials.
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  Speaker 2: I just.
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  Speaker 1: Man, I you know, every day and I get attacked
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  Speaker 1: for attacking President Trump, and I tell you, I go
• 12:19
  Speaker 1: out of my way to figure out the good stuff.
• 12:21
  Speaker 1: I can say about the president, I really do any
• 12:24
  Speaker 1: positive aspect of this presidency, I will tell you, and
• 12:28
  Speaker 1: I will push and I will say, damn right, I
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  Speaker 1: agree with this. Yeah, he did a good job. Or no,
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  Speaker 1: he's not at fault for this. It's not his take
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  Speaker 1: on this. And you know, the buck stops here philosophy. Yes,
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  Speaker 1: the president gets all the blame and gets all the
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  Speaker 1: credit when economy goes up and down. But in reality
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  Speaker 1: there isn't much a president can do. But when you
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  Speaker 1: talked about retribution, when you have the president say I'm
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  Speaker 1: going after those people, I'm putting the Department of Justice,
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  Speaker 1: I'm ordering them to go after these people. All right,
• 13:01
  Speaker 1: I don't know what you do with that. I do, Okay,
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  Speaker 1: a word or two about what's happening with Iran, and
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  Speaker 1: I'm so much the war. I'm talking about effort of
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  Speaker 1: what Iran is doing and succeeding. I might add, and
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  Speaker 1: this has to do with the Internet. Now, you can
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  Speaker 1: get very sophisticated with the Internet. It can be very subtle,
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  Speaker 1: it can be nuanced. Russia, for example, what they did
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  Speaker 1: is influence the election, which I completely believe in twenty twenty,
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  Speaker 1: and they know they didn't succeed, but they in fact
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  Speaker 1: influenced it. But not just outright saying vote for Trump,
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  Speaker 1: vote for Trump. It was the sophisticated what websites that
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  Speaker 1: were there, chats that were out there, establishing fake accounts,
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  Speaker 1: and it was done in a very subtle manner. Now
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  Speaker 1: what's going on with Iran and the Jewish community and
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  Speaker 1: quote Zionist interest pro Israeli interests and facilities and synagogues. Well,
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  Speaker 1: here is what Iran is doing. They used to use
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  Speaker 1: the internet, and we're talking about terrorist groups. The Internet
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  Speaker 1: was used to recruit and they would radicalize people.
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  Speaker 2: That was what it's all about.
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  Speaker 1: And there were a few radical, radicalized folks that went
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  Speaker 1: in blew things up or attacked and that was a
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  Speaker 1: terrorist attack as defined by US legitimately. And so you
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  Speaker 1: know how, I don't know how sophisticated, it wasn't very
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  Speaker 1: how influential. I don't think very much. What Iran is
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  Speaker 1: doing now is they took a page out of what
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  Speaker 1: Russia has done and now they're using the Internet in
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  Speaker 1: an intelligent way. For example, in London there was the
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  Speaker 1: Kent univers United Synagogue and it was struck in a
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  Speaker 1: string of arsons and across the British capital and other
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  Speaker 1: European state In the last two months, schools, businesses, ambulances
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  Speaker 1: were attacked, and at least seventeen of these were claimed
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  Speaker 1: by an online group online group called Kara kat Ashab
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  Speaker 1: al Yamin al Islamia, roughly translated from I guess we
• 15:18
  Speaker 1: like shwarma.
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  Speaker 2: I don't know.
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  Speaker 1: The Islamic movement of the Companions of the Righteous and
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  Speaker 1: it's opened up emerged in March and it is targeting
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  Speaker 1: and I put in quotes Zionist interests.
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  Speaker 2: So what is happening with.
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  Speaker 1: Iran is they are supporting these groups who are using
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  Speaker 1: the Internet in addition to the radicalization which is out there,
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  Speaker 1: and ISIS has their website.
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  Speaker 2: Et cetera. But these are far far more sophisticated.
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  Speaker 1: And the other thing that's changed is what Iran is
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  Speaker 1: doing through the proxies and terrorist groups, is they're going
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  Speaker 1: beyond just ideology. You must kill members of the Western community,
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  Speaker 1: anybody who's in favor of Zionism, any American Satans. No,
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  Speaker 1: they're now trying to figure out, well, let's look at
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  Speaker 1: this in another way. Let's do it a little bit
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  Speaker 1: more subtly. Let's put in just getting people think how
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  Speaker 1: horrible Israel and America is. And for the first time,
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  Speaker 1: it's not just a question of ideology. It's money. They're
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  Speaker 1: paying money. They're saying, if you attack, we're going to
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  Speaker 1: pay you. And there have been this one. I was
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  Speaker 1: stunned with this. There have been already nineteen israelis indicted
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  Speaker 1: to help Iran and his proxies use the Internet, and
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  Speaker 1: it's all about money. Have you ever thought that one,
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  Speaker 1: by the way, is an idef reservist. He's in the military,
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  Speaker 1: and according to the indictment, he took thirty three thousand
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  Speaker 1: dollars to commit an act of terrorism. Now, in turn,
• 17:15
  Speaker 1: he may have taken it, but he didn't do it.
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  Speaker 1: But Israel is facing an unprecedented wave of domestic espionage
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  Speaker 1: and this is for the last couple of years. And
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  Speaker 1: it all has to do with using the Internet in
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  Speaker 1: a sophisticated way. I mean, it's just it's getting more
• 17:32
  Speaker 1: and more difficult in terms of defending itself Israel, in
• 17:37
  Speaker 1: terms of us defending ourselves, things have to change. For example,
• 17:42
  Speaker 1: in the military world, Iran sends up a drone that
• 17:46
  Speaker 1: costs him thirty five thousand dollars. We attack that drone
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  Speaker 1: we diverted, or the drone explodes with the missile that
• 17:56
  Speaker 1: costs US four million dollars. How sustainable is that when
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  Speaker 1: we know now the evidence is coming out that Iran
• 18:05
  Speaker 1: still has sixty or seventy percent of its drone forces
• 18:10
  Speaker 1: still in existence. Contrary to what the administration is saying
• 18:16
  Speaker 1: is that we've obliterated all their ability to fight. We've
• 18:19
  Speaker 1: wiped them out. The war is over. Marco Rubio just
• 18:22
  Speaker 1: said that a few days ago. The war is over. Okay,
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  Speaker 1: So here we go another attack and it's I tell
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  Speaker 1: you we're not going in any period of peace at all.
• 18:41
  Speaker 1: It's going to get worse across the world, and inflation
• 18:43
  Speaker 1: is going to get worse, and your job is probably
• 18:47
  Speaker 1: going to be lost. I think you should seriously consider
• 18:51
  Speaker 1: suicide at this point. I would not be upset with
• 18:55
  Speaker 1: you at all. I would encourage it. Actually, life is
• 19:00
  Speaker 1: that bad. Yeah, my daughter says that, look what you
• 19:05
  Speaker 1: did to me, you baby boomers.
• 19:09
  Speaker 3: You realize when anybody says, oh, I just need to
• 19:13
  Speaker 3: make more money in life to be happy, I point
• 19:16
  Speaker 3: to you and say, money doesn't do anything to make
• 19:20
  Speaker 3: you happy.
• 19:21
  Speaker 1: No, money doesn't make you happy, but you can pretend
• 19:24
  Speaker 1: it makes you happy, and you can't buy happiness with money,
• 19:28
  Speaker 1: but you can rent it. Okay, Here is a story
• 19:32
  Speaker 1: I want to share with you, and that's cal State University,
• 19:35
  Speaker 1: where I went to school. They are about to start
• 19:38
  Speaker 1: a new program of a bachelor's degree in three years
• 19:44
  Speaker 1: instead of four, which makes a great deal of sense.
• 19:47
  Speaker 1: Here's a personal story. I graduated high school early. I
• 19:50
  Speaker 1: took extra summer classes, so I graduated just as I
• 19:53
  Speaker 1: turned seventeen years old. And then I enrolled at cal
• 19:57
  Speaker 1: State Northridge, and I was going to do that in
• 19:59
  Speaker 1: three years because I wanted to get out in the workforce,
• 20:03
  Speaker 1: so I wanted my bachelor's degree by the time I
• 20:06
  Speaker 1: was twenty years old. You can do it in three
• 20:08
  Speaker 1: but you have to work your ass off, and so
• 20:11
  Speaker 1: I was going to get out by the time I
• 20:13
  Speaker 1: was twenty.
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  Speaker 2: My degree was going to be in three years.
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  Speaker 1: I graduated the cal State Northridge nine years later. I
• 20:24
  Speaker 1: was twenty six when I graduated. I didn't quite make it.
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  Speaker 1: There were a lot of things that sort of got
• 20:30
  Speaker 1: in the way, as you can imagine. But the point
• 20:32
  Speaker 1: is it used to be that a three year degree.
• 20:35
  Speaker 1: It was actually a four year degree. In three years. Well,
• 20:38
  Speaker 1: what was happening is, first of all, school is so expensive.
• 20:42
  Speaker 1: The college degree doesn't do what it used to do.
• 20:45
  Speaker 1: It used to be automatic. You got out of college
• 20:47
  Speaker 1: and you had a great job. I mean, you could
• 20:48
  Speaker 1: take your choice of jobs. Today it's a very different animal. Now,
• 20:52
  Speaker 1: getting a four year degree still is better than an
• 20:57
  Speaker 1: AA degree, an associate's degree, and that is better than
• 21:01
  Speaker 1: high school, and that is even better than, of course,
• 21:05
  Speaker 1: the high school dropout. Although we don't throw in the
• 21:10
  Speaker 1: certificates or the vocational degrees, they're not even degrees. They
• 21:14
  Speaker 1: are certificates that give you a skill where that has
• 21:17
  Speaker 1: sort of skewed the economics of all this. But the
• 21:21
  Speaker 1: move to give three year degrees is on its way,
• 21:25
  Speaker 1: and more and more schools are considering it. In cal
• 21:27
  Speaker 1: State University that are run a pilot program.
• 21:30
  Speaker 2: And there are a couple of reasons.
• 21:33
  Speaker 1: First of all, school has gotten insanely expensive, and if
• 21:37
  Speaker 1: we can do it in three instead of four.
• 21:40
  Speaker 2: First of all, you have housing. It's only three years tuition.
• 21:44
  Speaker 1: If they charged by the semester, which I think Cal
• 21:47
  Speaker 1: State University does, I was paying per unit price, So
• 21:51
  Speaker 1: it really doesn't make any difference except to graduate a
• 21:54
  Speaker 1: four year with a four year degree, it's one hundred
• 21:56
  Speaker 1: and twenty units. A three year degree is ninety units,
• 22:03
  Speaker 1: and it's going to be will certain jobs except a
• 22:07
  Speaker 1: three year degree. And the reality is, with all the
• 22:10
  Speaker 1: electives that you take, all the BS courses you have
• 22:13
  Speaker 1: to take to get a four year degree, you could
• 22:15
  Speaker 1: eliminate a lot of them, and a three year degree
• 22:17
  Speaker 1: makes a tremendous amount of sense. It truly does. I mean,
• 22:23
  Speaker 1: if you go to law school, law school is effectively
• 22:25
  Speaker 1: a four year degree. They do it in three because
• 22:30
  Speaker 1: you don't have any electives. You just go hardcore. You know,
• 22:33
  Speaker 1: here's the classes, here are the classes, here are the classes.
• 22:37
  Speaker 1: And so does it make a lot of sense? Yeah,
• 22:39
  Speaker 1: it makes a lot of sense. You know, my daughters
• 22:43
  Speaker 1: want a degree. Well, no, Pamela got her four year degree,
• 22:48
  Speaker 1: and I'm saying, you know what, it was wonderful for her.
• 22:52
  Speaker 2: She got a four.
• 22:52
  Speaker 1: Year degree in computer sciences and she has a lot
• 22:56
  Speaker 1: of skills, and boy, what a success she is because
• 22:59
  Speaker 1: of the market. Today she's baking cookies in a bakery
• 23:03
  Speaker 1: and was, hey, you know what, I'm okay with that
• 23:07
  Speaker 1: because it's that crazy out there. It really is all right.
• 23:11
  Speaker 1: We're done with that. Coming up the World Cup and
• 23:17
  Speaker 1: the unhappy hosts of the World Cup. We have unhappy
• 23:22
  Speaker 1: ghosts here. No, these are unhappy hosts here. Who that worked?
• 23:26
  Speaker 1: That wasn't bad? Okay, we'll do that. No it did, Yeah,
• 23:31
  Speaker 1: sure it did. Amy, And look at my shirt. Look
• 23:33
  Speaker 1: at my shirt?
• 23:34
  Speaker 2: Your Disney shirt on again? Windows nice.
• 23:37
  Speaker 1: Yeah, I'm wearing a Disney shirt that Amy gave me
• 23:40
  Speaker 1: for my birthday.
• 23:41
  Speaker 2: Did you wash it?
• 23:42
  Speaker 1: No?
• 23:43
  Speaker 2: I haven't washed it. I don't wash shirts. Okay, we're
• 23:46
  Speaker 2: coming back. I like them.
• 23:49
  Speaker 1: You know how people like starch, You know they like
• 23:51
  Speaker 1: starchy shirts. I do mine naturally with sweat. Okay, we're
• 23:56
  Speaker 1: coming back. KFI A M six.
• 24:00
  Speaker 2: You've been listening to the Bill Handle Show.
• 24:01
  Speaker 1: Catch My Show Monday through Friday, six am to nine am,
• 24:05
  Speaker 1: and anytime on demand on the iHeartRadio app.