Latest / The Alex Marlow Show / Another Grift Exposed: LAX's 'Monorail' the Latest Taxpayer-Funded Hoax

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Another Grift Exposed: LAX's 'Monorail' the Latest Taxpayer-Funded Hoax · The Alex Marlow Show

• 0:00
  Speaker 1: It's the Alex Marlowe Show. It's the Alex Marlowe Show.
• 0:04
  Speaker 1: I'm glad you're here. We've got a big day today.
• 0:06
  Speaker 1: I'm going to give you a big election update. And
• 0:09
  Speaker 1: it's got some nice, nice news coming out of New
• 0:12
  Speaker 1: York and some of the street crime that's going on.
• 0:15
  Speaker 1: I say nice, entirely ironic. But first of all, a
• 0:17
  Speaker 1: shout out to my Salem colleagues and my friend Jen Horn,
• 0:20
  Speaker 1: who precedes me in the morning here in Los Angeles.
• 0:23
  Speaker 1: I had a great day on Saturday at the Salem event.
• 0:26
  Speaker 1: It was a town hall, the annual big thing we
• 0:28
  Speaker 1: do out in LA. My first time participating, naturally, as
• 0:32
  Speaker 1: first time being on the air nationally with Salem in Pasadena.
• 0:36
  Speaker 1: It was really great. Terrific audience and all of you
• 0:38
  Speaker 1: who stopped by. Thank you for stopping by. Sold some books. Guys,
• 0:41
  Speaker 1: if you ever see me out and about and I've
• 0:43
  Speaker 1: got my books, go get them. I'm not making more
• 0:45
  Speaker 1: money on the books. I'm taking an L on the books.
• 0:48
  Speaker 1: It takes a lot of effort to get the books
• 0:49
  Speaker 1: shipped out. I bring them because people follow me and
• 0:52
  Speaker 1: want to know more in depth about my thinking. come up,
• 0:55
  Speaker 1: get a sign book, say hello. I'm pretty friendly. It
• 0:57
  Speaker 1: was really fun. A gentleman who teaches at my high
• 1:01
  Speaker 1: school and is a pariah for his political views came
• 1:03
  Speaker 1: up and said hello. Very cool stuff when you get
• 1:06
  Speaker 1: to meet and engage with the audience. So please, if
• 1:09
  Speaker 1: I'm ever out there, come by, say hello. And I'm
• 1:13
  Speaker 1: also going to be on the speaking circuit some more.
• 1:15
  Speaker 1: I'll tell you more on this, but I have a
• 1:16
  Speaker 1: new partnership for the speaker circuit. So I'll fill you
• 1:20
  Speaker 1: in down the road, but it was a great event,
• 1:22
  Speaker 1: and we were talking about the future of California. Steve
• 1:24
  Speaker 1: Hilton was there. Nick Shirley was there. Of course, my
• 1:26
  Speaker 1: colleague Larry Elder was there. Larry O'Connor, stage right, was there.
• 1:29
  Speaker 1: We call him stage right because that was his pen
• 1:31
  Speaker 1: name of Breitbart News. Long story and a good story.
• 1:34
  Speaker 1: One day I could share that one on the air.
• 1:36
  Speaker 1: Mike Gallagher was there, maybe the nicest person on earth.
• 1:38
  Speaker 1: I don't think there's a nicer human being on earth.
• 1:41
  Speaker 1: I completely stepped on one of his jokes on the
• 1:44
  Speaker 1: panel that we were on. He was teeing up a joke,
• 1:46
  Speaker 1: and I cut him off with the punchline to his
• 1:48
  Speaker 1: own joke. because I thought I was doing some playful
• 1:51
  Speaker 1: banter and I completely ruined his story. And I was humiliated.
• 1:55
  Speaker 1: I was humiliated. And I couldn't wait for the panel
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  Speaker 1: to be over just so I could apologize. And then
• 2:00
  Speaker 1: when I did, he acted like I had only enhanced
• 2:02
  Speaker 1: the story, which is completely false, but that's how nice
• 2:04
  Speaker 1: of a guy Gallagher is. He made me feel good
• 2:06
  Speaker 1: after I ruined his story. Isn't that a sweet thing?
• 2:09
  Speaker 1: Very sweet guy. Hey, look, he's a, he's a big
• 2:11
  Speaker 1: breadwinner out here at Salem. Everyone tells me you want
• 2:14
  Speaker 1: to know how to deal with advertisers, with our clients,
• 2:17
  Speaker 1: with the, Look at Gallagher. He knows what he's doing.
• 2:20
  Speaker 1: He's the pro around here. So it was good to
• 2:22
  Speaker 1: see everyone. And one of the conversations took place is,
• 2:26
  Speaker 1: is California cooked? And I was compelled to go back
• 2:28
  Speaker 1: to the story that I mentioned on Friday's show briefly,
• 2:32
  Speaker 1: where we're trying to build two miles of monorail for LAX,
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  Speaker 1: the single worst airport in the world. It has now
• 2:37
  Speaker 1: been delayed again, so it'll be at least eight years.
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  Speaker 1: And this was prompted by someone told me, was musing,
• 2:44
  Speaker 1: I wonder how long it took to do X, Y,
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  Speaker 1: or Z that was eight years. So I actually made
• 2:50
  Speaker 1: a point to look up some of the things that
• 2:53
  Speaker 1: Americans accomplish in under eight years. And the list will
• 2:56
  Speaker 1: blow your mind. And I shared some of this with
• 2:58
  Speaker 1: the audience. So if you were in the audience, you'll
• 3:00
  Speaker 1: be getting even more refined version of what I spoke about.
• 3:04
  Speaker 1: But the Empire State Building only took one year. It
• 3:07
  Speaker 1: took one year to build the Empire State Building. Disneyland,
• 3:10
  Speaker 1: which is my favorite example of all of them, because
• 3:12
  Speaker 1: Disneyland has its own monorail. And that was built in
• 3:15
  Speaker 1: one year. So we can't build two miles of monorail
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  Speaker 1: at LAX, but Disneyland, you build the whole park and
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  Speaker 1: a monorail in a year. Pentagon was 16 months. We
• 3:25
  Speaker 1: had the Gateway Arch in St. Louis, famous arch, two
• 3:28
  Speaker 1: years and eight months for that. This is another fun one.
• 3:31
  Speaker 1: Golden Gate Bridge, maybe one of the greatest construction projects
• 3:34
  Speaker 1: in the history of the world. Four years and four months.
• 3:38
  Speaker 1: Hoover Dam, five years. Another amusing one. We said we
• 3:43
  Speaker 1: were going to the moon and then got to the
• 3:45
  Speaker 1: moon in less than eight years. And then the first
• 3:48
  Speaker 1: transcontinental railroad, a full railroad, six years for that. I
• 3:53
  Speaker 1: also did a fun one. I looked up how far
• 3:54
  Speaker 1: does a box turtle walk in eight years, and it's
• 3:57
  Speaker 1: apparently about 50 miles. So a box turtle could walk
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  Speaker 1: 50 miles in the time it's taking us to build
• 4:01
  Speaker 1: two miles of rail. And that's what we're doing out
• 4:04
  Speaker 1: in LA. And it just, you wonder, it's the, I
• 4:06
  Speaker 1: was conceptualizing this. I was talking to Mrs.
• 4:08
  Speaker 2: Dr.
• 4:08
  Speaker 1: Marlowe about the problems of with our society. And we
• 4:11
  Speaker 1: have two goals. These are the two goals. These are
• 4:13
  Speaker 1: the two goals. These are the two goals. We want
• 4:16
  Speaker 1: to have a society that is high trust. That is
• 4:20
  Speaker 1: number one. The first one, we need to be able
• 4:21
  Speaker 1: to trust that when we spend money, it is going
• 4:24
  Speaker 1: someplace good. And then when you have trust in the people,
• 4:27
  Speaker 1: when you have trust in the public, then all of
• 4:29
  Speaker 1: a sudden things start getting a lot better for you.
• 4:31
  Speaker 1: I think this is the one thing that when we
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  Speaker 1: pay exorbitantly in taxes in this state, we then we
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  Speaker 1: don't trust that it's going anywhere. We trust that it's
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  Speaker 1: going to putting the feminine napkins in the men's room
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  Speaker 1: at the high school. That's where we think the money's going,
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  Speaker 1: or to the unions, or to some sort of public
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  Speaker 1: works project, which the goal is never to finish it.
• 4:50
  Speaker 1: The goal is just to start it, create jobs, and
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  Speaker 1: that's it. And so the next thing that we need
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  Speaker 1: to have is we need to have social cohesion. We
• 4:57
  Speaker 1: need to feel like we're all rowing in the same direction.
• 4:59
  Speaker 1: And this is to the last point. We're not rowing
• 5:02
  Speaker 1: in the same direction. When it seems like 60% of
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  Speaker 1: the area in which I reside in Los Angeles seems
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  Speaker 1: more focused on starting the public works project and not
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  Speaker 1: on completing it. And they don't care that we could
• 5:15
  Speaker 1: literally commit to going to the moon. Everyone say that's
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  Speaker 1: insane and getting to the moon. We could do that
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  Speaker 1: in a time that's faster than building a monorail at
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  Speaker 1: an airport. Then that is not going to be the
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  Speaker 1: sort of thing that's going to create high trust. It's
• 5:27
  Speaker 1: also not going to create social cohesion because a lot
• 5:31
  Speaker 1: of us just check out. And that's why when the
• 5:33
  Speaker 1: people who are running the city, running the state, want
• 5:35
  Speaker 1: us to have open borders, they want to go soft
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  Speaker 1: on crime, then we don't have social cohesion. And so
• 5:41
  Speaker 1: if we don't have those two things, we're doomed. And
• 5:44
  Speaker 1: it is a very sad thing because I want to
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  Speaker 1: believe in California. I want to root for California. I
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  Speaker 1: want to root for people to come to their senses.
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  Speaker 1: But I'm just not seeing it. I'm just not seeing
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  Speaker 1: it at the moment because it feels like every time
• 5:55
  Speaker 1: I bring you news about what's going on out here,
• 5:58
  Speaker 1: it's always bad news or one of the politicians that is–
• 6:02
  Speaker 1: in terms of running this place, is saying something completely
• 6:03
  Speaker 1: insane on some podcast. So I brought up Mamdani in
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  Speaker 1: New York, the story of the weekend that we had
• 6:09
  Speaker 1: at Breitbart News, and I think this was based off
• 6:11
  Speaker 1: of some reporting at the New York Post, so shout
• 6:12
  Speaker 1: out to them over there. The prostitution business is thriving
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  Speaker 1: in Mamdani's Manhattan. And let me give you some of
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  Speaker 1: the key points. The prostitution is thriving in the Roosevelt
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  Speaker 1: Avenue corridor of Queens under Mamdani. And the number of
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  Speaker 1: street sex workers has increased, and prostitution-related relapse I'm sorry,
• 6:32
  Speaker 1: prostitution-related arrests have fallen. Do you think that is a
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  Speaker 1: coincidence that we now have more people walking the street,
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  Speaker 1: prowling the street, engaging in that sort of behavior? And
• 6:46
  Speaker 1: then we're arresting fewer of them. Of course, that's the
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  Speaker 1: goal because the goal isn't law and order. The goal
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  Speaker 1: is to protect the dregs of society. That's what people
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  Speaker 1: want to do. I'm aware it's the oldest profession, and
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  Speaker 1: I'm not saying all sex workers are created equal. That's
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  Speaker 1: not the point. I'm not trying to cast judgment. and individuals.
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  Speaker 1: I'm saying in general, it's not a good marker of
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  Speaker 1: society if this stuff is happening in broad daylight, and
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  Speaker 1: it is. So the number of arrests for sex workers
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  Speaker 1: in New York has fallen 59% compared to last year.
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  Speaker 1: So this shows you that this is game on for
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  Speaker 1: people to engage in horrific behavior, and it is de
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  Speaker 1: facto blessed by the mayor. Though I note this because
• 7:27
  Speaker 1: if we're not using our coast as case studies... If
• 7:30
  Speaker 1: we're not pointing out that if we don't start cracking
• 7:35
  Speaker 1: down on law and order, if we don't start believing in–
• 7:37
  Speaker 1: this is the exact opposite of the Rudy Giuliani broken
• 7:39
  Speaker 1: windows policing, where it was you jump a turnstile, you're
• 7:42
  Speaker 1: going to jail. And then now we've got if you
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  Speaker 1: are engaging in sex work– and I'm not just talking
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  Speaker 1: about the prostitutes. There are whole networks behind these people.
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  Speaker 1: There are cartels. There are pimps. I mean these are
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  Speaker 1: criminal enterprises that go into this stuff. You don't just
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  Speaker 1: wake up one day and start walking the streets. I
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  Speaker 1: know how it goes. It is enabling criminal networks to
• 8:03
  Speaker 1: thrive at the same time taxpayers are being penalized. To
• 8:07
  Speaker 1: quote John Fetterman, pick up trash. Too much trash in
• 8:10
  Speaker 1: New York. Way too much trash. And until that's straightened out,
• 8:14
  Speaker 1: then you should have no other priorities. And pulling back cops,
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  Speaker 1: pulling back law enforcement, this really does cut social cohesion.
• 8:21
  Speaker 1: And it's sad because I want these cities to thrive.
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  Speaker 1: I do root for them. I really do. A 40-year-old customer,
• 8:28
  Speaker 1: so a John, told the Post... that buying sex on
• 8:31
  Speaker 1: this strip nicknamed the marketplace of– I'm sorry, the market
• 8:34
  Speaker 1: of sweethearts is what it's called. It's cheap and easy,
• 8:38
  Speaker 1: and it's a lot cheaper than in Manhattan itself. So
• 8:41
  Speaker 1: it's like a advertisement for this area if you want
• 8:44
  Speaker 1: to go pick up some girls. Why are we tolerant
• 8:49
  Speaker 1: of this? Why do we support this? We do. We
• 8:53
  Speaker 1: do support it. If you vote for the type of
• 8:55
  Speaker 1: people who want to enable these policies, want to cut
• 8:57
  Speaker 1: down on law and order, you do support it. And
• 8:59
  Speaker 1: if you opt out, and that's what I'm going to
• 9:01
  Speaker 1: talk about in the next segment, if you opt out
• 9:04
  Speaker 1: in these elections, these off-year elections, these midterm elections, because
• 9:06
  Speaker 1: you're not 100% satisfied with conservatives and Republicans, you're just
• 9:11
  Speaker 1: signing up the whole country to become one of these
• 9:13
  Speaker 1: social experiments the same way LA and New York has become.
• 9:18
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• 9:19
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• 9:21
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• 9:30
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• 11:36
  Speaker 1: All right, so I'm trying to break down the stakes.
• 11:39
  Speaker 1: I've been doing this the whole year. It's been the
• 11:41
  Speaker 1: theme of the show more than any others. But I'm
• 11:43
  Speaker 1: trying to tell you that even if things are not
• 11:45
  Speaker 1: going perfect, and they're not, gas prices are way too high.
• 11:47
  Speaker 1: I understand that. There's way more insecurity about certain things,
• 11:51
  Speaker 1: way less social cohesion than I think we would like
• 11:53
  Speaker 1: to have. But overall, there's been a lot that's been accomplished,
• 11:57
  Speaker 1: and I'll break that down as we head in towards
• 11:59
  Speaker 1: the election here. We're less than a month and a
• 12:01
  Speaker 1: half away. But now we have a House Democrat dropping
• 12:05
  Speaker 1: a 26-article impeachment resolution against President Trump, and it got
• 12:09
  Speaker 1: overwhelming support. This is one of the hottest stories from
• 12:12
  Speaker 1: over the weekend. Steve Cohen, who is one of the
• 12:15
  Speaker 1: most obnoxious of the Democrats from Tennessee, a lame duck
• 12:17
  Speaker 1: House Democrat, 26 articles against President Trump. in a blueprint
• 12:22
  Speaker 1: for potential Democrat House control after the 2026 election. He
• 12:27
  Speaker 1: called Trump the most impeachable president our country has ever endured.
• 12:30
  Speaker 1: He's been impeached twice, and I predicted he'd be impeached
• 12:32
  Speaker 1: a third time if the Democrats get control of the House.
• 12:36
  Speaker 1: He called Trump a danger to our democracy. And though
• 12:39
  Speaker 1: the resolution has no chance of getting past Republican control,
• 12:43
  Speaker 1: it's still got 147 votes. So Congressman Al Green also
• 12:50
  Speaker 1: perpetually trying to impeach Trump, but they claim that he
• 12:55
  Speaker 1: is a threat to democratic integrity and elections because he's
• 12:59
  Speaker 1: undermined elections. They want to impeach him for his military
• 13:03
  Speaker 1: and foreign operations in Iran and Venezuela. They want to
• 13:06
  Speaker 1: impeach him for immigration and civil rights violations, including his
• 13:10
  Speaker 1: birthright citizenship order, the Aliens Enemies Act, detention conditions, and
• 13:15
  Speaker 1: court defiance. They want to impeach him for over abuse
• 13:20
  Speaker 1: of executive power, which I've been through this many times
• 13:23
  Speaker 1: in my research and on the shows, which is that
• 13:27
  Speaker 1: basically every president aside from one or two has credibly
• 13:29
  Speaker 1: been accused of abusing power. So if that becomes impeachable,
• 13:32
  Speaker 1: we're going to have a lot more impeachments coming up.
• 13:35
  Speaker 1: So he is being accused of imposing loyalty tests, withholding
• 13:41
  Speaker 1: funding as putative measures. And he has done things like
• 13:46
  Speaker 1: use his Department of Justice for a political operation. I
• 13:51
  Speaker 1: wrote an entire book about how the whole purpose of
• 13:53
  Speaker 1: Joe Biden's Department of Justice was to do exactly that.
• 13:56
  Speaker 1: They've framed him as a threat to press and free speech.
• 14:01
  Speaker 1: And other ethics issues, including the emoluments clause, we've been
• 14:04
  Speaker 1: through over and over again, how Trump has made money
• 14:06
  Speaker 1: even though he's been president. So all this stuff, we're
• 14:10
  Speaker 1: going to have this nonstop. It's going to be a bonanza.
• 14:13
  Speaker 1: And if you don't think that people are going to
• 14:14
  Speaker 1: be so exhausted of Trump and Republicans come 2028, if
• 14:17
  Speaker 1: we're not careful here, they're going to be. And I
• 14:20
  Speaker 1: still trust him. I still trust that what he's trying
• 14:22
  Speaker 1: to do is the best thing. And I know it's
• 14:23
  Speaker 1: sometimes hard. And sometimes he doesn't surround himself with the
• 14:26
  Speaker 1: sharpest people who do the best things. But overall, I
• 14:29
  Speaker 1: do think that he still has a high degree of trust.
• 14:32
  Speaker 1: And even when he gets one not right or not perfect,
• 14:34
  Speaker 1: I still feel like he's got the best chance of
• 14:37
  Speaker 1: getting something done. And that is something that we've got
• 14:40
  Speaker 1: to appreciate that the alternative is is you might feel
• 14:44
  Speaker 1: self-righteous if you withhold votes from him, but it is
• 14:48
  Speaker 1: not going to help the country. It's going to hurt
• 14:49
  Speaker 1: the country immeasurably. He spoke with Laura Ingram over the weekend,
• 14:54
  Speaker 1: and this was a cut of him talking about the
• 14:55
  Speaker 1: Iran war. I think it's important to play this. Cut 12, please.
• 14:59
  Speaker 4: If we hadn't done Iran, you would be cruising to
• 15:01
  Speaker 4: midterm victory.
• 15:02
  Speaker 3: 225, yes. Well, you don't know that.
• 15:05
  Speaker 1: Any regrets?
• 15:06
  Speaker 2: No.
• 15:07
  Speaker 1: Supposing.
• 15:08
  Speaker 4: We were cruising, and all of a sudden Iran has
• 15:11
  Speaker 4: a nuclear weapon.
• 15:12
  Speaker 3: They would use it. They're crazy.
• 15:15
  Speaker 1: Yeah, and that's the whole thing. Do you buy that?
• 15:18
  Speaker 1: And I don't think much of the country does. I do.
• 15:20
  Speaker 1: I'm someone who's very skeptical of any sort of foreign intervention.
• 15:23
  Speaker 1: And Trump brought me along and made me feel like
• 15:25
  Speaker 1: that it was probably the right move to go try
• 15:27
  Speaker 1: to wipe out Iran's nuclear capabilities. But there's a couple
• 15:31
  Speaker 1: of things happening that a lot of people who are
• 15:33
  Speaker 1: on Trump's side and largely support the war have been
• 15:35
  Speaker 1: very hostile online. They've been very alienating to people who
• 15:38
  Speaker 1: like Trump or were skeptical of the war. So there's
• 15:41
  Speaker 1: no nuance. You're either on the side of the war
• 15:43
  Speaker 1: or you're on the side that is so deeply disappointed
• 15:47
  Speaker 1: and disturbed. And you don't understand why a president of
• 15:49
  Speaker 1: the United States would want to protect his own people
• 15:51
  Speaker 1: from a nuclear threat. And I fundamentally believe that Iran
• 15:54
  Speaker 1: is crazy enough to use a nuclear weapon if they can. So,
• 15:59
  Speaker 1: by the way, there is an effort to wrap up
• 16:01
  Speaker 1: the war in short order. Scott Besson said that Iran's
• 16:04
  Speaker 1: economy will have nothing left to trade in two weeks
• 16:08
  Speaker 1: as they continue their Operation Economic Fury. So there's still
• 16:12
  Speaker 1: potential that we could get some sort of a positive
• 16:14
  Speaker 1: October surprise when it comes to the economy. This is
• 16:17
  Speaker 1: jobs week, so we get jobs data later in the week,
• 16:19
  Speaker 1: which I always look forward to. So I'll have a
• 16:21
  Speaker 1: big breakdown of that on Friday's show. But they've been
• 16:25
  Speaker 1: very good. Our economy is overperforming, but people are unaware
• 16:28
  Speaker 1: of it. People are walking around as if we're in
• 16:29
  Speaker 1: depression and as if it is time to give up.
• 16:32
  Speaker 1: It's not time to give up. There's a lot of indicators.
• 16:35
  Speaker 1: There's a lot of markers that suggest that we are
• 16:37
  Speaker 1: actually doing things at a better and more efficient and
• 16:40
  Speaker 1: more effective rate than we have in recent years. And
• 16:43
  Speaker 1: that we've had a market improvement, but the inflation is
• 16:45
  Speaker 1: higher than the target. And because of that, people feel
• 16:48
  Speaker 1: a lot of pain when they go to a grocery
• 16:49
  Speaker 1: store and they go to the gas station. And we
• 16:51
  Speaker 1: need to be speaking to those people. And I don't
• 16:53
  Speaker 1: feel like we are. I don't think we're making a
• 16:54
  Speaker 1: case to those people. And when we come back from
• 16:56
  Speaker 1: the break, I'm going to play a clip of something
• 16:59
  Speaker 1: I saw online, which is just kind of alarming. But
• 17:02
  Speaker 1: there's a huge out-of-touch nature with, I think, some of
• 17:04
  Speaker 1: the people who Trump is surrounded with at the moment
• 17:07
  Speaker 1: with what's going on in the rest of America. And
• 17:11
  Speaker 1: we need to start messaging to the rest of America.
• 17:13
  Speaker 1: Probably it'd be better if we did it six months ago.
• 17:15
  Speaker 1: But we've got to start now. If we've got any
• 17:17
  Speaker 1: hope in the midterms, we'll be right back. Who answers
• 17:19
  Speaker 1: America's call for more energy? People do. Chevron is helping
• 17:31
  Speaker 1: fuel national energy security. Their U.S. production has increased by
• 17:35
  Speaker 1: nearly 60% in the past three years. And with plans
• 17:38
  Speaker 1: to invest over $ 10 billion in U.S. energy projects in 2026,
• 17:42
  Speaker 1: they're helping boost economies, create better jobs, and build an
• 17:46
  Speaker 1: America powered by America's own energy. Learn more about what
• 17:50
  Speaker 1: Chevron's people do at Chevron.com slash America. All right. I
• 17:57
  Speaker 1: thought I had sent a clip that I need. but
• 18:01
  Speaker 1: I had not sent it. So we're waiting for this clip.
• 18:03
  Speaker 1: This is a mind blowing one that we'll play in
• 18:05
  Speaker 1: a little bit, but we've got to sort out whether
• 18:06
  Speaker 1: or not we play the sound. This is important, but
• 18:08
  Speaker 1: it's an AI clip and it's leading to believe that
• 18:11
  Speaker 1: the Trump administration Republicans are just way off on the
• 18:14
  Speaker 1: messaging game right now. I'm looking at a breakdown of
• 18:18
  Speaker 1: a Gallup survey showing 70% of Americans oppose new AI
• 18:21
  Speaker 1: data centers. Now, should they oppose it? Do they oppose
• 18:24
  Speaker 1: it for the right reasons? This is all a conversation
• 18:26
  Speaker 1: we've been having, but having on the show, Also, I
• 18:29
  Speaker 1: did release, by the way, on the podcast feed, my
• 18:31
  Speaker 1: big speech on AI. I put a lot of work
• 18:34
  Speaker 1: into this, and it is tightly crafted, I would say,
• 18:38
  Speaker 1: and it gives you my whole up-to-the-minute thoughts on AI
• 18:41
  Speaker 1: in long form. So I do recommend that. That's why
• 18:43
  Speaker 1: I recommend you subscribe to the Marlowe podcast feeds. There's
• 18:45
  Speaker 1: so much content over there we're putting out every day,
• 18:47
  Speaker 1: including on YouTube, stuff like that. But data centers are
• 18:50
  Speaker 1: deeply unpopular, and Trump is out there acting like he
• 18:53
  Speaker 1: loves data centers. He's the number one champion of data centers.
• 18:56
  Speaker 1: The people in his cabinet suggesting we don't like data centers,
• 18:59
  Speaker 1: you're a Chinese plant. It's just not good. It's very
• 19:01
  Speaker 1: bad messaging right now. Trump is now going to have
• 19:04
  Speaker 1: dinner apparently with Dario Amadei, the original effective altruist, the
• 19:10
  Speaker 1: guy who runs Anthropic, who wants Anthropic to have a
• 19:13
  Speaker 1: veto power over the Pentagon if the Pentagon wants to
• 19:16
  Speaker 1: use its technology. And we want to use it to
• 19:18
  Speaker 1: fight wars. Then Dario Amadei would like to have a
• 19:21
  Speaker 1: kill switch that he can use so that you can't
• 19:23
  Speaker 1: use his technology to engage in war if Amadei doesn't
• 19:26
  Speaker 1: like it. He literally has that opinion and he's going
• 19:30
  Speaker 1: to the White House. And the point that's going on
• 19:32
  Speaker 1: here that I've got is that there is a massive
• 19:34
  Speaker 1: disconnect in terms of messaging about Americans who are feeling
• 19:37
  Speaker 1: that they are getting squeezed right now and what's coming
• 19:39
  Speaker 1: out of the White House and the Republican Party. And
• 19:42
  Speaker 1: there needs to be a combination of selling the public
• 19:45
  Speaker 1: on things that are going well and taking principal positions
• 19:48
  Speaker 1: that let the people know that they are on their side.
• 19:53
  Speaker 1: We're going up against this new group of people, these
• 19:57
  Speaker 1: AI people, these tech oligarchs who are usurping power at
• 20:01
  Speaker 1: a very quick rate. And they're doing so without a
• 20:04
  Speaker 1: message that I think appeals to virtually anyone. Bill Gates
• 20:09
  Speaker 1: was out there, and whenever he speaks, it always makes
• 20:11
  Speaker 1: you cringe, but he was talking about AI causing maybe
• 20:15
  Speaker 1: a billion deaths. Cut 11, please.
• 20:19
  Speaker 5: Do you believe AI is powerful enough to end all
• 20:22
  Speaker 5: of humanity?
• 20:24
  Speaker 6: AI is certainly powerful enough to drive events that cause
• 20:33
  Speaker 6: a billion deaths. So even though it's... pretty hard to
• 20:37
  Speaker 6: get to 100%. There's never been a weapon as powerful
• 20:45
  Speaker 6: as the combination of people with ill intent using the
• 20:50
  Speaker 6: latest AI tools. And it's great that there's this discussion
• 20:55
  Speaker 6: with the industry, almost against their interest, admitting The problem
• 21:00
  Speaker 6: is that the rest of the world is either discounting
• 21:04
  Speaker 6: this or just thinking of this as a competition.
• 21:09
  Speaker 1: One thing that's so striking to me about this is
• 21:13
  Speaker 1: why are we talking to Bill Gates right now? He's
• 21:15
  Speaker 1: all over the Epstein files. And you hear from so
• 21:20
  Speaker 1: many people in the disaffected wing of the Republican Party,
• 21:24
  Speaker 1: the conservative movement, as well as the whole Democrat establishment.
• 21:28
  Speaker 1: You hear nonstop about how this is the guy who
• 21:32
  Speaker 1: Donald Trump was the real problem in the Epstein files,
• 21:35
  Speaker 1: even though Trump kicked Epstein out of Mar-a-Lago and never
• 21:37
  Speaker 1: liked the guy. And then Bill Gates, who's all over
• 21:41
  Speaker 1: the thing to the point where his wife leaves him
• 21:44
  Speaker 1: over this stuff, and we're getting his opinion on AI? Like,
• 21:47
  Speaker 1: why are we doing this? How are they having both narratives?
• 21:50
  Speaker 1: And for those of you who didn't see that, that was–
• 21:51
  Speaker 1: you could probably recognize her voice. Kristen Welker from Meet
• 21:54
  Speaker 1: the Press. Meet the Press is NBC, right? So NBC.
• 21:58
  Speaker 1: And then I heard this talked about nonstop on CNN.
• 22:01
  Speaker 1: So the corporate media wants you to believe Trump's the
• 22:03
  Speaker 1: problem with the Epstein files and Bill Gates, the Epstein
• 22:06
  Speaker 1: file guy, we're getting his take on stuff. He can
• 22:09
  Speaker 1: just opine. Super creepy guy. He wants law enforcement and
• 22:13
  Speaker 1: politicians now to monitor AI. Who are going to be
• 22:15
  Speaker 1: the people going to do that? It's going to be
• 22:17
  Speaker 1: the effective altruists. Those are the ones who are going
• 22:19
  Speaker 1: to do it. Let's play cut eight, please, guys.
• 22:26
  Speaker 5: Anthropic CEO Dario Amadei recently called on AI companies to
• 22:29
  Speaker 5: slow model development to try to mitigate risks. Do you
• 22:34
  Speaker 5: think self-regulation is sufficient, or does it need to be
• 22:38
  Speaker 5: accompanied by legislation in Washington?
• 22:40
  Speaker 6: I don't think self-regulation is enough.
• 22:43
  Speaker 5: So there needs to be legislation passed in Washington?
• 22:46
  Speaker 1: Absolutely.
• 22:46
  Speaker 6: You need law enforcement and the politicians... to get into
• 22:54
  Speaker 6: the discussion about what safeguards and monitoring look like. And
• 22:58
  Speaker 6: that has to be a required thing. And it will
• 23:03
  Speaker 6: be a little bit of overhead for the industry, but
• 23:06
  Speaker 6: not a dramatic slowing of what they're doing.
• 23:11
  Speaker 1: Very cool. Okay, so he thinks that we need to
• 23:14
  Speaker 1: have global governance and who's going to be in charge
• 23:16
  Speaker 1: of it. It's going to be the people Dario Amadei
• 23:18
  Speaker 1: put forward or literally his family members. So just warning you,
• 23:22
  Speaker 1: that we need to channel the people here because the
• 23:23
  Speaker 1: people don't like AI and the people who stand to
• 23:26
  Speaker 1: gain the most from AI are the ones who are
• 23:27
  Speaker 1: calling for global governance, which is going to freeze out
• 23:30
  Speaker 1: competition and is going to make it so that there's
• 23:32
  Speaker 1: a massive swell of money that floods Democrat coffers and
• 23:36
  Speaker 1: globalist politicians throughout the world, their coffers, because you're all
• 23:39
  Speaker 1: going to get rich because they're all the ones who
• 23:41
  Speaker 1: run these companies. That's the math. You guys get it.
• 23:45
  Speaker 1: This audience, we're going to get the word out. Peter Thiel,
• 23:50
  Speaker 1: an interesting take on AI of Palantir, but also a
• 23:53
  Speaker 1: top Trump funder on this one world government concept. Play
• 23:56
  Speaker 1: cut seven, please, guys.
• 23:59
  Speaker 7: In theory, you could slow it down if you had
• 24:02
  Speaker 7: genuine deep cooperation across the whole world. But I think
• 24:10
  Speaker 7: that would require a one world government with real teeth,
• 24:14
  Speaker 7: real force. And the sort of classical liberal part of
• 24:18
  Speaker 7: me thinks that's almost, you know, that's a frying pan
• 24:22
  Speaker 7: into fire. It's a cure that's worse than the disease.
• 24:24
  Speaker 7: The Pope recently issued this AI encyclical, or I would
• 24:29
  Speaker 7: characterize it as an anti-AI encyclical. And so, in effect,
• 24:33
  Speaker 7: the Pope's encyclical was working for the Communist Party. I'm
• 24:37
  Speaker 7: not saying he was an agent of the communists, but
• 24:39
  Speaker 7: he was at least acting as a useful idiot for
• 24:41
  Speaker 7: the CCP.
• 24:45
  Speaker 1: I think that's an interesting point, but I think that
• 24:47
  Speaker 1: the point that I am most interested in is that
• 24:49
  Speaker 1: acknowledging that the encroaching one world government, we're going to
• 24:52
  Speaker 1: get the conversation with AI very similar to what we
• 24:55
  Speaker 1: saw with climate change, where we're going to get calls
• 24:57
  Speaker 1: for one world government. We're going to outsource our sovereignty
• 25:00
  Speaker 1: until on a personal level, doesn't like it, but he
• 25:02
  Speaker 1: knows it's coming and he's waving that out there. So
• 25:06
  Speaker 1: he identified something else in this conversation that I thought
• 25:09
  Speaker 1: was really compelling. And this ties into a point I
• 25:11
  Speaker 1: was making in the last segment. Can you play cut nine, please?
• 25:13
  Speaker 7: Gentlemen, and i think the two administrations kind of made
• 25:19
  Speaker 7: opposite mistakes you know the first administration um brought in
• 25:23
  Speaker 7: all these people who couldn't agree and it was just
• 25:25
  Speaker 7: all this internal fighting um the second administration um i
• 25:30
  Speaker 7: think um had all these they over corrected for the
• 25:34
  Speaker 7: mistake of the first term with all these loyalty tests
• 25:36
  Speaker 7: you got sort of um you know An administration staffed
• 25:41
  Speaker 7: by not very smart, but very loyal people. It reflected
• 25:45
  Speaker 7: a way that things had reached a certain exhaustion, and
• 25:51
  Speaker 7: certainly on the Republican side.
• 25:55
  Speaker 1: The first thing is, I don't know if he presumably
• 25:57
  Speaker 1: wants Republicans to win. I think he does. I don't
• 25:59
  Speaker 1: know why he's making these points, but it is a
• 26:02
  Speaker 1: good point. And it's interesting to think about this, because
• 26:04
  Speaker 1: the first Trump administration was Our role at Breitbart was
• 26:07
  Speaker 1: we had to push back on a lot of what
• 26:09
  Speaker 1: the administration's policies were, even though we were instrumental in
• 26:12
  Speaker 1: getting Trump elected. But then when people came in who
• 26:14
  Speaker 1: were pushing globalism, who were pushing soft on crime policies,
• 26:17
  Speaker 1: who were putting Paul Ryan's health care reform in the
• 26:24
  Speaker 1: front burner and immigration locking down the border on the
• 26:26
  Speaker 1: back burner, we had to push against that stuff. And
• 26:29
  Speaker 1: there was huge divisions within that. the administration and big turmoil.
• 26:33
  Speaker 1: And then now there seems to be less division, but
• 26:35
  Speaker 1: it does seem like there's a bit of an out
• 26:37
  Speaker 1: of touch nature that I want to warn against. And there's,
• 26:39
  Speaker 1: I guess we're not going to have it in time,
• 26:41
  Speaker 1: but Dan Scavino, who's the deputy White House chief of staff,
• 26:44
  Speaker 1: who just seems like a great guy in general. And
• 26:47
  Speaker 1: he's a great success story. And he's someone who came from,
• 26:50
  Speaker 1: I think he was working on one of Trump's golf
• 26:51
  Speaker 1: courses that ended up being his social media guru. It's
• 26:54
  Speaker 1: an amazing story, but he did put out a video,
• 26:56
  Speaker 1: an AI video of from that took, I guess it
• 27:00
  Speaker 1: was supposed to be from the celebrating at the state
• 27:05
  Speaker 1: dinner or something. And it's him popping champagne with his
• 27:08
  Speaker 1: wife and it looks like Eric Trump in the background
• 27:10
  Speaker 1: and maybe some sort of AI fax him leave Laura Trump,
• 27:12
  Speaker 1: but I can't tell. And he's spraying champagne everywhere. And
• 27:17
  Speaker 1: it's just, it's so off-putting. It's just very off-putting. And
• 27:20
  Speaker 1: I don't say this to make this huge referendum on
• 27:23
  Speaker 1: Dan Scavino, but I'm saying that who got, this is
• 27:26
  Speaker 1: a guy who's a genius at social media. Why not
• 27:28
  Speaker 1: get the memo that, hey guys, we need to get
• 27:31
  Speaker 1: focused here. Americans are feeling the pain here at the
• 27:33
  Speaker 1: grocery store and the gas pump. Like the champagne stuff,
• 27:35
  Speaker 1: like they're not, it's not as funny as it was
• 27:38
  Speaker 1: during a campaign when we're going up against Joe Biden,
• 27:40
  Speaker 1: who's half dead. Like, it's not as funny as that.
• 27:44
  Speaker 1: It's different now. We've got to lock in. We've got
• 27:46
  Speaker 1: to make people feel like we feel their pain to
• 27:48
  Speaker 1: some degree and be credible about it. Rachel Campos Duffy,
• 27:53
  Speaker 1: who's a host at Fox, and again, another person everyone
• 27:56
  Speaker 1: says is great. She co-hosts with my good friend Charlie Hurt,
• 28:00
  Speaker 1: who sings her praises constantly. So she's very bright and
• 28:03
  Speaker 1: very fun. And married to Sean Duffy, who's been excellent
• 28:07
  Speaker 1: to us at Breitbart. She put out a little vlog recently.
• 28:10
  Speaker 1: over the weekend of her time at the state dinner.
• 28:12
  Speaker 1: And she has a great time and he's having a
• 28:14
  Speaker 1: great time and they're very charming, good looking. And I'm
• 28:16
  Speaker 1: glad they're having fun. I'm glad they have nice lives,
• 28:18
  Speaker 1: but it's not the message when a lot of people
• 28:20
  Speaker 1: are feeling the hurt right now. A lot of people
• 28:22
  Speaker 1: are walking around disappointed in Trump's base. And we need
• 28:25
  Speaker 1: those people to vote in November. And I'm not seeing
• 28:28
  Speaker 1: anything that's rallying those people right now. What's going to
• 28:31
  Speaker 1: rally those people. If the best thing I've got is
• 28:34
  Speaker 1: the warning you about Assam Piker that he could take
• 28:36
  Speaker 1: over the party warning about James Tallarico that he could
• 28:38
  Speaker 1: take over the party. And I want to do that.
• 28:42
  Speaker 1: Let's play a couple cuts. I got a couple. I
• 28:43
  Speaker 1: got to say, let's play some pikers. Play cut 10, please.
• 28:47
  Speaker 3: We are the normal ones.
• 28:48
  Speaker 8: It is less normal to constantly freak out about transgender
• 28:53
  Speaker 8: people than it is to just let trans people live. Okay.
• 28:58
  Speaker 8: Most people, most people, partially because of law and order SVU,
• 29:03
  Speaker 8: let's do a call back to that.
• 29:04
  Speaker 3: Okay.
• 29:04
  Speaker 1: Okay.
• 29:05
  Speaker 8: Actually don't care about trans people existing in society.
• 29:09
  Speaker 7: Okay.
• 29:09
  Speaker 8: But on the internet, that's the only thing that the
• 29:12
  Speaker 8: Republicans dial in on and they make it seem like
• 29:15
  Speaker 8: being transgender is abnormal.
• 29:17
  Speaker 1: You know, it's abnormal.
• 29:18
  Speaker 8: Constantly worrying about children's genitals. That is the most weirdo
• 29:22
  Speaker 8: freak of all time.
• 29:25
  Speaker 1: So that's the voice of the Democrat party right now
• 29:28
  Speaker 1: that we're the weird ones. Cause we don't want children
• 29:30
  Speaker 1: to have chemical castration or physical castration. We're the weird ones.
• 29:34
  Speaker 1: And he's Mamdani's buddy and Saeed's buddy. Let's play cut one.
• 29:37
  Speaker 1: Here's Tallarico's pastor. Cut one, please.
• 29:40
  Speaker 9: It's very possible that Jesus rose from the dead. It's
• 29:46
  Speaker 9: also possible the body was stolen. Maybe Jesus rose from
• 29:49
  Speaker 9: the dead, but maybe not. Maybe the person I'm sitting
• 29:52
  Speaker 9: next to is as close as I need to get.
• 29:57
  Speaker 9: Symbols are not, religious symbols, if they're healthy, are not
• 30:00
  Speaker 9: symbols of something that happened. They're symbols of the principles
• 30:05
  Speaker 9: by which everything happens.
• 30:08
  Speaker 1: So maybe Jesus didn't rise from the dead. So that's
• 30:10
  Speaker 1: where they're at right now. And so we got to
• 30:12
  Speaker 1: get the word out. I don't feel like the word
• 30:14
  Speaker 1: has gotten out and we need to be narrowly focused
• 30:17
  Speaker 1: on this. And I'm glad some of you guys are
• 30:19
  Speaker 1: thriving and living your best life in DC and having
• 30:20
  Speaker 1: a great time. But this is very high stakes here.
• 30:23
  Speaker 1: We're going to have a miserable couple years heading into it,
• 30:25
  Speaker 1: perhaps an even more miserable four years after that. If
• 30:28
  Speaker 1: we don't get locked in right now, we got to.
• 30:30
  Speaker 1: We'll be right back.
• 30:37
  Speaker 2: Only on salem now featuring one of charlie kirk's final
• 30:39
  Speaker 2: interviews the new documentary can you hear me now investigates
• 30:43
  Speaker 2: modern prophets and divine messages influencing us today.
• 30:47
  Speaker 10: Some people absolutely have the gift of prophecy if god
• 30:50
  Speaker 10: exists how would he inject his information into our world
• 30:53
  Speaker 10: more than likely he would use humans satan would love
• 30:56
  Speaker 10: christians to just be a spectator not engage not participate
• 30:59
  Speaker 10: is there some.
• 31:02
  Speaker 2: Watch it today at salemnow.com, salemnow.com.
• 31:06
  Speaker 1: Okay, you guys know I'm bringing you news about the
• 31:10
  Speaker 1: economy every day that will give you pause, will give
• 31:12
  Speaker 1: you concern. And there is only one tried and true
• 31:16
  Speaker 1: proven hedge, but it's also something that I think is
• 31:18
  Speaker 1: looking towards the future also, which is precious metals. It's gold,
• 31:21
  Speaker 1: it's silver, other precious metals. And that's why I always
• 31:25
  Speaker 1: recommend you work with Monetary Gold because they're the best
• 31:28
  Speaker 1: in the game as far as I can tell. These
• 31:30
  Speaker 1: guys have five-star ratings with the Better Business Bureau. These
• 31:32
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• 31:36
  Speaker 1: will help you get educated on gold and why it
• 31:39
  Speaker 1: is a match for you. I can just tell you
• 31:41
  Speaker 1: it is a match for you and what you're doing
• 31:42
  Speaker 1: in your portfolio. I want to talk to them about
• 31:44
  Speaker 1: what they do, but also I want to talk about
• 31:46
  Speaker 1: the news, about what's going on, how precious metals are
• 31:49
  Speaker 1: working into this. And we've got Matt Sullivan here today
• 31:51
  Speaker 1: as the head of marketing for Monetary Gold. And Matt,
• 31:54
  Speaker 1: I've been looking forward to this because this is a
• 31:56
  Speaker 1: legitimately interesting topic to me, is that where precious metals
• 31:59
  Speaker 1: fit in a super dynamic economy where a third of
• 32:04
  Speaker 1: shipping gets cut in the Strait of Hormuz and all
• 32:06
  Speaker 1: of a sudden the whole world is in chaos. And
• 32:09
  Speaker 1: that leaves people rightly insecure about what's going on. So
• 32:13
  Speaker 1: I want to start with watching gold. It was bouncing around.
• 32:16
  Speaker 1: It was in the middle of 4300s. And then it
• 32:17
  Speaker 1: went a huge run. I got about 5,600 in January
• 32:22
  Speaker 1: and they did not have a great summer. So where
• 32:24
  Speaker 1: are we at now? Is it the time to buy
• 32:26
  Speaker 1: the dip? Do you want to wait for a commerce stretch?
• 32:29
  Speaker 1: Where are we?
• 32:30
  Speaker 4: I mean, something very important to know about gold is
• 32:32
  Speaker 4: it moves all over the place. Like you said, beginning
• 32:35
  Speaker 4: of the year and in 2025, we went on a
• 32:37
  Speaker 4: major run up.
• 32:39
  Speaker 3: Then spring, summer hit, started to fall down.
• 32:42
  Speaker 4: Now gold is kind of in a middle ground hitting
• 32:45
  Speaker 4: around 4,300. I believe it was 4,288 this morning. So
• 32:49
  Speaker 4: it's starting to level up. So something to understand is
• 32:52
  Speaker 4: there is no right or wrong time to buy gold
• 32:55
  Speaker 4: if gold is the right asset for you. Gold is
• 32:59
  Speaker 4: all about personal choice, all about personal freedom. It's about
• 33:02
  Speaker 4: individuals and their own needs. So one of the biggest
• 33:06
  Speaker 4: things I would say about gold is it's fine. to
• 33:09
  Speaker 4: watch it when it's low. It's great to watch it
• 33:11
  Speaker 4: when it's high. You know, gold is meant to be
• 33:13
  Speaker 4: a long-term hold, not a short-term call it get rich
• 33:16
  Speaker 4: quick scheme, right? Gold is meant to be something that
• 33:19
  Speaker 4: you have in your portfolio for quite a while. But
• 33:22
  Speaker 4: getting back to it, you know, there are a lot
• 33:23
  Speaker 4: of deciding factors with gold, you know, gold affected by
• 33:26
  Speaker 4: the economy overall, the Fed, the stock prices, what's happening
• 33:30
  Speaker 4: in a geopolitical sense, like you said, oil in the
• 33:32
  Speaker 4: Strait of Hormuz, all that kind of goes into gold.
• 33:35
  Speaker 4: So I really think the important thing to understand is
• 33:39
  Speaker 4: there is no magic time to buy gold as opposed
• 33:42
  Speaker 4: to some people would say like, oh, this stock is
• 33:44
  Speaker 4: hot or this bond is selling right now at this point.
• 33:47
  Speaker 3: Gold doesn't really play by those rules.
• 33:48
  Speaker 1: Gold is its.
• 33:49
  Speaker 3: Independent owned property. thing.
• 33:51
  Speaker 4: And it's physical, it's tangible, all the right things. So
• 33:55
  Speaker 4: to kind of answer your question, you know, yes, you
• 33:57
  Speaker 4: can buy in times of low.
• 33:59
  Speaker 3: Yes, you can buy in times of high.
• 34:00
  Speaker 4: It's all about your own personal choice, risk tolerance, and
• 34:03
  Speaker 4: where you see yourself and your financial future going.
• 34:07
  Speaker 1: But this is what you guys help with. And then
• 34:09
  Speaker 1: you can match the, you provide that information and you
• 34:12
  Speaker 1: can match the client with what they want, which is
• 34:13
  Speaker 1: you got a hotline 800-888- zero eight zero seven for
• 34:17
  Speaker 1: monetary gold. That's 800-888-0807. The website, alexlovesgold.com. Super easy to remember.
• 34:24
  Speaker 1: It's good marketing. It's good marketing there, Matt.
• 34:26
  Speaker 3: We try to do our best to make things easy
• 34:28
  Speaker 3: for you and your customers.
• 34:30
  Speaker 1: That's as easy as it gets. So let's talk more
• 34:32
  Speaker 1: about the news. Obviously we're in a hugely inflationary moment,
• 34:35
  Speaker 1: which I lament, but grocery prices are insane. Rent's high,
• 34:39
  Speaker 1: especially gas. And it doesn't really feel like this is finished.
• 34:43
  Speaker 1: And gold is often a thing that people reach for
• 34:46
  Speaker 1: when prices are rising. So how has that protection actually
• 34:50
  Speaker 1: worked for people over the past few years? How should
• 34:53
  Speaker 1: someone think about it if inflation does stay sticky and
• 34:56
  Speaker 1: interest rates do stay high too?
• 34:59
  Speaker 3: Yeah.
• 34:59
  Speaker 4: So one thing that's important to know is inflation is
• 35:02
  Speaker 4: not a direct indicator of what's going to happen with
• 35:04
  Speaker 4: the price of gold. It's not your little brother tagging
• 35:06
  Speaker 4: along to your baseball game that wants to do, oh,
• 35:08
  Speaker 4: I'm going to do what you're doing. No, there are
• 35:10
  Speaker 4: independent factors, like I said earlier, that do affect the
• 35:13
  Speaker 4: price of gold. Yes, inflation is one of them, but
• 35:16
  Speaker 4: it's not the main indicator of what gold's going to
• 35:19
  Speaker 4: do and how it's affected. But if you do look
• 35:23
  Speaker 4: at some of the interesting data coming out of the
• 35:24
  Speaker 4: World Gold Council, gold does stay ahead of inflation 9
• 35:28
  Speaker 4: out of 10 times, or at least over the course
• 35:30
  Speaker 4: of the last 50 or 60 years, which is a
• 35:32
  Speaker 4: super interesting point, especially right now with core inflation sitting
• 35:36
  Speaker 4: at about 3.4%.
• 35:36
  Speaker 3: And that's a stagnant since July, I believe, is the
• 35:40
  Speaker 3: last time we did it.
• 35:42
  Speaker 4: But another interesting point with that is the cost of
• 35:44
  Speaker 4: goods and prices has gone up from, I believe, it
• 35:47
  Speaker 4: was 0.1% in July to about 0.4% today. That's the
• 35:52
  Speaker 4: new cost of eggs that you're seeing, the higher price
• 35:55
  Speaker 4: in imported coffee, and all that also trickles into gas
• 35:58
  Speaker 4: and oil.
• 35:59
  Speaker 3: Which has also seen a really big jump.
• 36:01
  Speaker 4: And I believe it's up, again, almost 4% since the
• 36:04
  Speaker 4: last month or two. So inflation is hitting us and
• 36:08
  Speaker 4: gold is reacting accordingly, not to the degree that some
• 36:12
  Speaker 4: people may think it would have, but it is keeping
• 36:15
  Speaker 4: note of it and staying aware of what's happening with
• 36:18
  Speaker 4: the inflation rates. And this kind of also comes into
• 36:21
  Speaker 4: what we may be seeing with the midterms and stuff
• 36:23
  Speaker 4: and Congress trying to get a better hold of inflation.
• 36:25
  Speaker 4: Because right now, the Fed's key marker is they'd like
• 36:28
  Speaker 4: to have a 2% inflation rate.
• 36:30
  Speaker 3: Right now, it's 3.4 to 3.7%. So they need to get.
• 36:33
  Speaker 4: So that under some sort of control and midterms might
• 36:36
  Speaker 4: affect how that's going to happen at one point or another.
• 36:39
  Speaker 4: But gold takes all that in, it sees it, it
• 36:41
  Speaker 4: understands it, but it doesn't exactly drive the price of
• 36:44
  Speaker 4: gold as a whole.
• 36:45
  Speaker 1: Okay, so this is what I know my audience, because
• 36:47
  Speaker 1: they've been hearing me talk about monetary gold, what you
• 36:49
  Speaker 1: guys offer. I know they're going to want this answer
• 36:51
  Speaker 1: in particular, because if people are convinced, time to get
• 36:54
  Speaker 1: some gold, I'm going to put it off, now we're
• 36:55
  Speaker 1: going to do it. Then there's a practical thing. Do
• 36:58
  Speaker 1: you get coins? Do you get bars? Do you get
• 37:00
  Speaker 1: an ETF? Do you get a gold IRA? Do you
• 37:02
  Speaker 1: roll over another IRA or 401k? I'm trying to understand
• 37:06
  Speaker 1: the real all-in costs in terms of premiums and storage
• 37:10
  Speaker 1: and spreads so that the hedge doesn't get sort of
• 37:13
  Speaker 1: eaten during the process of sorting it all out.
• 37:15
  Speaker 3: Yeah, no, that's a great question. Unfortunately, I'm not a
• 37:18
  Speaker 3: financial advisor.
• 37:18
  Speaker 4: I can't answer financial questions like that directly to individuals.
• 37:23
  Speaker 4: But what I can do is maybe explain some of
• 37:25
  Speaker 4: the basics of what people might want to be looking at.
• 37:27
  Speaker 4: Gold bars, gold coins, those are all things that are
• 37:30
  Speaker 4: physical things. You can see them on other websites. Heck,
• 37:34
  Speaker 4: you can buy it through Costco at one point or another.
• 37:36
  Speaker 4: They're physical, tangible objects. ETFs are security against the price
• 37:41
  Speaker 4: of gold. So they're not anything physical. It's more of
• 37:43
  Speaker 4: a documentary. Think of it as a gold stock, not
• 37:46
  Speaker 4: like a traditional gold stock, but more of like it's
• 37:48
  Speaker 4: a hedge and in on the gold itself. Gold IRAs
• 37:52
  Speaker 4: are specifically IRA set up by the federal government that
• 37:56
  Speaker 4: are specifically meant to hold physical precious metals and coins. Now,
• 37:59
  Speaker 4: with that, there are certain types of precious metals that
• 38:02
  Speaker 4: you can hold in an IRA. You can't just put
• 38:05
  Speaker 4: any gold collectible coin that you find into.
• 38:07
  Speaker 7: A gold IRA.
• 38:08
  Speaker 3: No, it's very specific.
• 38:09
  Speaker 4: There's a lot of rules associated with what goes in
• 38:11
  Speaker 4: and what goes out of a gold coin. Now, with
• 38:14
  Speaker 4: all that, there are associated costs, just like anything in life.
• 38:17
  Speaker 4: There's always going to be some sort of cost that
• 38:19
  Speaker 4: you pay to acquire a good. With gold coins and
• 38:22
  Speaker 4: bars specifically, you're looking at the price of the gold itself,
• 38:25
  Speaker 4: the melt point, the spread of what you're going to
• 38:28
  Speaker 4: pay after you get a piece of metal, the buyback
• 38:31
  Speaker 4: price of what you would actually get in return of
• 38:33
  Speaker 4: the gold coin. And then there's also the different types
• 38:36
  Speaker 4: of collectible coin versus a traditional, say, American coin. All
• 38:40
  Speaker 4: that goes into deciding if gold is right for you. Now,
• 38:43
  Speaker 4: with an IRA specifically, an extra additional cost is going
• 38:46
  Speaker 4: to be something along the custodian cost and the storage cost. Now,
• 38:49
  Speaker 4: you can store, of course, gold. in a safe, a
• 38:51
  Speaker 4: gun safe, whatever you have, in a shoebox if you
• 38:54
  Speaker 4: absolutely need it to. That's up to you, and that's
• 38:56
  Speaker 4: kind of what the joy and the benefit of owning
• 38:59
  Speaker 4: physical gold is.
• 39:00
  Speaker 3: It's purely your choice.
• 39:02
  Speaker 4: However you decide to take it or what you decide
• 39:04
  Speaker 4: to do with it, that's up to you at the
• 39:05
  Speaker 4: end of the day. Companies like us in monetary gold,
• 39:08
  Speaker 4: we love and we absolutely love love to educate people
• 39:11
  Speaker 4: on all the benefits of gold and silver, what it
• 39:14
  Speaker 4: could do for your retirement. But again, it all comes
• 39:16
  Speaker 4: down to personal choice. Does this make sense for you
• 39:18
  Speaker 4: right now at this moment in time? Is this the
• 39:21
  Speaker 4: right decision for me? Because inflation, like you said, is
• 39:24
  Speaker 4: not going away anytime soon. There's always going to be
• 39:26
  Speaker 4: some sort of geopolitical conflict happening. There's always going to
• 39:29
  Speaker 4: be another political fight happening. Washington's going to do what
• 39:32
  Speaker 4: they're going to do with taxes and rates. And gold
• 39:34
  Speaker 4: plays along into that. And if you have fears that
• 39:36
  Speaker 4: those things are going to go up and may eat
• 39:38
  Speaker 4: away at your retirement savings, then gold may be the
• 39:40
  Speaker 4: right choice for you. But one thing I do advise
• 39:42
  Speaker 4: is if you are looking at a gold IRA, make
• 39:44
  Speaker 4: sure you're asking important and right questions. Any company that
• 39:49
  Speaker 4: refuses to answer any question you ask, it's probably not
• 39:52
  Speaker 4: a company you want to work with.
• 39:54
  Speaker 1: I'm only working with people who will answer those questions
• 39:56
  Speaker 1: and try to tailor the approach to the specific person.
• 39:59
  Speaker 1: That's why Monetary Gold is a great partner for you. 800-888-0807. 800-888-0807.
• 40:07
  Speaker 1: Alexlovesgold.com is the website. I have a newsletter that I
• 40:11
  Speaker 1: work on with my financial editor, John Carney, called the
• 40:14
  Speaker 1: Breitbart Business Digest. We track stuff like sale of gold,
• 40:17
  Speaker 1: who's buying what. Central banks bought a lot of gold
• 40:21
  Speaker 1: in the second quarter. China imported more through August of
• 40:24
  Speaker 1: this year than they did in all of last year.
• 40:26
  Speaker 1: So that's a lot of stuff. But how does that
• 40:28
  Speaker 1: work for a regular household? Is it the same trade
• 40:30
  Speaker 1: or should we be thinking of it differently? It's similar,
• 40:33
  Speaker 1: but it's not, if that makes sense, right?
• 40:35
  Speaker 4: Central banks, their main goal is to look far out
• 40:39
  Speaker 4: in advance. They're not looking at five, six months of
• 40:42
  Speaker 4: their holdings. They're looking 10, 20, 30, 40, 50, 60 years,
• 40:45
  Speaker 4: 100 years. And all their holdings are determined about what's
• 40:48
  Speaker 4: happening day in, day out. Kind of like when you
• 40:51
  Speaker 4: think of your own portfolio, right? You have a balance of, say, stocks, bonds,
• 40:56
  Speaker 4: mutual funds. Heck, you can even throw property, gold, whatever
• 40:59
  Speaker 4: you want into it, right? Banks have a very... The
• 41:02
  Speaker 4: central banks have a similar strategy, except at a much bigger,
• 41:05
  Speaker 4: much wider scale. While you and I might be looking
• 41:08
  Speaker 4: at what are our costs going to be for, say,
• 41:10
  Speaker 4: baseball for our kids this season, the banks are looking
• 41:12
  Speaker 4: at like, okay, well, the price of oil just went up.
• 41:14
  Speaker 4: The cost of shipping just went up. The cost of
• 41:17
  Speaker 4: food's gone up. The price of gold has stayed similar.
• 41:20
  Speaker 4: What are we going to reinvest and reallocate in? And
• 41:22
  Speaker 4: that's kind of what the difference between a central bank and, say,
• 41:24
  Speaker 4: your average everyday household consumer are going to be looking at. Now,
• 41:27
  Speaker 4: to your point of central banks increasing their rate of gold,
• 41:30
  Speaker 4: I believe they bought about 57 tons revised in Q1. Q2,
• 41:34
  Speaker 4: I would think it's around 289 tons of gold. And that's...
• 41:40
  Speaker 4: Purely to me, what you've been seeing with oil, what's
• 41:42
  Speaker 4: been happening in Iran with the Strait of Hormuz and
• 41:45
  Speaker 4: everything getting much more expensive. Banks are starting to de-invest from, say,
• 41:48
  Speaker 4: the dollar and other assets out there, and they're starting
• 41:51
  Speaker 4: to invest more and more in gold. So that's something that,
• 41:54
  Speaker 4: you know, I would advise consumers take a little heavy
• 41:56
  Speaker 4: look at, you know, central banks are doing it. I
• 41:58
  Speaker 4: don't want to necessarily say it's right for you because, again,
• 42:01
  Speaker 4: different idea, different strategy. But it is something to definitely
• 42:03
  Speaker 4: take note of and to pay attention to. And, you know,
• 42:06
  Speaker 4: these trends, they're not going away anytime soon. I believe
• 42:08
  Speaker 4: central banks have increased their supply of gold consistently quarter
• 42:12
  Speaker 4: over quarter for about the last five to 10 years.
• 42:15
  Speaker 4: So they are taking it a lot more seriously. They
• 42:17
  Speaker 4: really are digging in and they're really looking at where
• 42:19
  Speaker 4: their diversification is. And one last point to kind of
• 42:22
  Speaker 4: drive it home. The old saying is never have all
• 42:25
  Speaker 4: of your eggs in one basket, right? Because the basket
• 42:28
  Speaker 4: gets kicked, it gets knocked over.
• 42:29
  Speaker 3: Someone steals that basket. Where's your wealth?
• 42:32
  Speaker 1: It's gone.
• 42:33
  Speaker 3: So that is one principle you can think of at
• 42:35
  Speaker 3: the central banks.
• 42:35
  Speaker 4: You're thinking of a better diversification strategy, no lost eggs. Yeah.
• 42:41
  Speaker 1: Strategy is so important. And I like you being upfront
• 42:43
  Speaker 1: about that. all the various nuances we could have. So,
• 42:46
  Speaker 1: you know, it's largely a political show. We're talking about
• 42:48
  Speaker 1: midterms and we could be weeks away of control of
• 42:52
  Speaker 1: Congress changing. And we already know that with even Republicans
• 42:57
  Speaker 1: in charge of running huge deficits, both sides are going
• 43:01
  Speaker 1: to treat this election like it's very high stakes and
• 43:03
  Speaker 1: it is. But what do you think, let's give out
• 43:06
  Speaker 1: maybe both outcomes. What do you think the results in
• 43:09
  Speaker 1: November could, what implications could that have on somebody's money?
• 43:13
  Speaker 1: And why does gold matter here?
• 43:14
  Speaker 4: Yeah, no, that's a fantastic question. You know, it's not
• 43:17
  Speaker 4: just another midterm election. Like we think of maybe the
• 43:20
  Speaker 4: last couple of midterms, nothing crazy happened.
• 43:23
  Speaker 3: Few seats changed. There was no change of power. It
• 43:27
  Speaker 3: is what it is.
• 43:28
  Speaker 4: But in this one, Washington's really starting to feel the
• 43:31
  Speaker 4: pressure because there's so many things that have gone along
• 43:33
  Speaker 4: with it, right? If we look at, say, the federal deficit,
• 43:36
  Speaker 4: sitting at $ 1. 97 trillion, that is already surpassed The 1.75
• 43:44
  Speaker 4: that we had in all of 2025. So spending's already
• 43:47
  Speaker 4: gone up. Inflation's not going away. Cost of goods are
• 43:51
  Speaker 4: not going away. And all that's kind of trickling into
• 43:53
  Speaker 4: the midterms. And, you know, Republicans are taking it very,
• 43:56
  Speaker 4: very seriously. You know, if let's just say the left
• 43:59
  Speaker 4: takes the House, which I'm not a political analyst. I
• 44:02
  Speaker 4: can't specifically say if it will or will not happen.
• 44:05
  Speaker 4: But if that does happen, it could really slow down
• 44:07
  Speaker 4: the flow of what's been being passed. Congress is going
• 44:10
  Speaker 4: to go back into recession. It could start turning every
• 44:13
  Speaker 4: day since the Congress into witch hunts. There's so much
• 44:16
  Speaker 4: potentially at stake for both sides, and it really will
• 44:20
  Speaker 4: affect the overall financial picture. As we've seen in previous
• 44:22
  Speaker 4: left-run administrations, political spending goes up, way up.
• 44:27
  Speaker 3: And that's going to affect the deficit.
• 44:28
  Speaker 4: It's going to affect the national debt, which is already
• 44:31
  Speaker 4: the highest it's ever been. We're already paying over a
• 44:34
  Speaker 4: trillion dollars a day. I'm sorry, a billion dollars a
• 44:37
  Speaker 4: day in interest alone. So what's going to happen next?
• 44:41
  Speaker 4: No one knows for sure. We'll find out what happens
• 44:43
  Speaker 4: in the middle of November. But all that does bring
• 44:45
  Speaker 4: back to gold because gold is watching all this. It
• 44:47
  Speaker 4: doesn't take a political side. It doesn't play partisan roles.
• 44:52
  Speaker 4: It's independent, of course, but it does take into account
• 44:55
  Speaker 4: all of these things, what could happen with the economy
• 44:57
  Speaker 4: and what could happen with government spending overall.
• 45:00
  Speaker 1: Very important points there. Okay, so Fed raising rates again,
• 45:03
  Speaker 1: even though we've got Kevin Worshen there at the Fed
• 45:04
  Speaker 1: who wants to cut rates, but he still feels like
• 45:06
  Speaker 1: he's got to raise them. What does this tell us?
• 45:08
  Speaker 1: Inflation is still above the target, as you noted earlier,
• 45:11
  Speaker 1: and there could be more rate hikes coming. What's the
• 45:14
  Speaker 1: Fed telling us with this?
• 45:15
  Speaker 4: I mean, really, the Fed is, it does all relate
• 45:18
  Speaker 4: to inflation. I mean, we went up a quarter basis,
• 45:21
  Speaker 4: 25 basis points, what, eight days ago. From 3.5, 3.75
• 45:26
  Speaker 4: to 3.754%. And I believe it's the first rate hike
• 45:29
  Speaker 4: in about three years.
• 45:31
  Speaker 3: So the Fed really did not want to do this.
• 45:34
  Speaker 4: They had to pull this card to try to get
• 45:36
  Speaker 4: some of this under control, which they are having difficulty with.
• 45:39
  Speaker 4: And like you stated, 16 out of 18 pollsters are predicting,
• 45:44
  Speaker 4: as well as Goldman Sachs, that we're going to get
• 45:46
  Speaker 4: another rate hike potentially before October even ends.
• 45:51
  Speaker 3: So think about that. Two rate hikes within eight weeks.
• 45:55
  Speaker 4: And when nothing has moved in the last three years.
• 45:57
  Speaker 4: So it's all taken into account very, very seriously. And
• 46:01
  Speaker 4: gold's looking at that as saying, hey, inflation's still going up.
• 46:04
  Speaker 4: Federal rates are going up. What's going to happen to
• 46:06
  Speaker 4: the dollar next? Because the dollar is what's really going
• 46:08
  Speaker 4: to be affected and hit hardest by all of this.
• 46:11
  Speaker 4: And when the dollar goes down, as we know, gold
• 46:13
  Speaker 4: does tend to go up.
• 46:14
  Speaker 3: Is that a promise? Absolutely not.
• 46:16
  Speaker 4: As I said earlier, gold is not indicative and does
• 46:19
  Speaker 4: not follow the exact same trends as some of the
• 46:22
  Speaker 4: other things like stocks and bonds go.
• 46:24
  Speaker 3: But the dollar starts to go down. People are going
• 46:25
  Speaker 3: to look.
• 46:26
  Speaker 4: To, you know, rebalance their assets and their own holdings
• 46:29
  Speaker 4: with other things like gold, silver, platinum, palladium and other
• 46:33
  Speaker 4: diversification points.
• 46:35
  Speaker 1: All right, so here's the big question, Matt. What are
• 46:37
  Speaker 1: you telling people to do? What is the bottom line?
• 46:41
  Speaker 1: Are you saying people should get out of stocks, put
• 46:42
  Speaker 1: everything into gold? Or are you telling people we need
• 46:45
  Speaker 1: a more broad diversification strategy? What is it? What is
• 46:48
  Speaker 1: the message?
• 46:49
  Speaker 4: I mean, really the message is, is what are you
• 46:51
  Speaker 4: feeling right now? What is your gut telling you? What
• 46:54
  Speaker 4: are the politics that you follow telling you?
• 46:57
  Speaker 3: What is it? What is your opinion on this situation?
• 47:00
  Speaker 4: Because if you're thinking about gold already, you obviously have
• 47:02
  Speaker 4: questions and there may even be an interest there.
• 47:04
  Speaker 3: So again, not a financial advisor, but what I am
• 47:07
  Speaker 3: is a father. I'm a brother. I'm a dad, I'm
• 47:11
  Speaker 3: a husband, I'm all of that, right?
• 47:13
  Speaker 4: And my personal financial future is dependent on a lot
• 47:16
  Speaker 4: of these factors. So my choice to do what I'm
• 47:19
  Speaker 4: making or mine alone, no one's really gonna tell me
• 47:21
  Speaker 4: what to do and no one should tell you what
• 47:22
  Speaker 4: to do, right? Especially a gold IRA company. But to me,
• 47:26
  Speaker 4: the biggest decision is if you really are interested in gold,
• 47:30
  Speaker 4: this isn't a wait and see what happens next. It's
• 47:32
  Speaker 4: not a wait for a magic number of $ 7, 000 per ounce.
• 47:35
  Speaker 3: Of gold, $ 20, 000, it doesn't matter, right?
• 47:39
  Speaker 4: Gold is meant to be a hedge. It is meant
• 47:41
  Speaker 4: to be a diversification point. It's not something that I
• 47:45
  Speaker 4: would say go throw your entire 401k into because that's, again,
• 47:48
  Speaker 4: going back to the adage of don't put all of
• 47:50
  Speaker 4: your eggs in one basket. But if it does make
• 47:52
  Speaker 4: sense for you and for your financial future and for
• 47:55
  Speaker 4: where you want to see yourself in, say, 5, 10, 20,
• 47:56
  Speaker 4: 30 years from now, I would advise you to look
• 48:01
  Speaker 4: at it maybe a little bit harder. Like I said before,
• 48:03
  Speaker 4: there is no wrong time to buy gold. There is
• 48:05
  Speaker 4: no right time to buy gold. It's all about personal choice,
• 48:08
  Speaker 4: the benefits that you see, and what you think that
• 48:10
  Speaker 4: will have for your future.
• 48:13
  Speaker 1: If you call Monetary Gold at 800-888-0807 or go to alicelovegold.com,
• 48:18
  Speaker 1: you can learn a lot because these guys know exactly
• 48:21
  Speaker 1: what to inform you with. You're going to arm you
• 48:23
  Speaker 1: with a lot of information about money and how it's
• 48:25
  Speaker 1: working in our modern times is changing by the minute
• 48:27
  Speaker 1: and you do want to have partners in the space
• 48:29
  Speaker 1: and that's why monetary gold is here they're here for
• 48:31
  Speaker 1: you guys matt anything else for the audience today.
• 48:33
  Speaker 4: No like you said alex you know if you do
• 48:35
  Speaker 4: are interested in gold iras you know i would just
• 48:37
  Speaker 4: advise you know do your homework do your research understand
• 48:41
  Speaker 4: what you're getting to and most importantly ask questions any
• 48:44
  Speaker 4: company that's not afraid to ask the questions probably the
• 48:46
  Speaker 4: right company for you and monetary gold we've been doing
• 48:49
  Speaker 4: it for over 25 years We've had a lot of
• 48:51
  Speaker 4: experience in this industry.
• 48:52
  Speaker 3: We hope thousands, I'm saying.
• 48:54
  Speaker 4: Thousands of customers, amazing five-star reviews. But again, go out there,
• 48:58
  Speaker 4: do your homework, do your research, and make the right
• 49:00
  Speaker 4: decision for you and your family.
• 49:02
  Speaker 1: Amen to all that. Thanks for your support of the
• 49:05
  Speaker 1: show and the great work you guys do. And that's
• 49:07
  Speaker 1: it for now. Thanks to Misty for putting this together.
• 49:09
  Speaker 3: Thank you, Alex.