Latest / Brian Thomas / 55KRC Monday Show - Smitherman, Money Monday, Todd Sheets

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55KRC Monday Show - Smitherman, Money Monday, Todd Sheets · Brian Thomas

• 0:06
  Speaker 1: Five o five at fifty five k RC, the Talking
• 0:11
  Speaker 1: Station Happy Monday series.
• 0:16
  Speaker 2: Some say, hope will.
• 0:25
  Speaker 1: A vacation.
• 0:28
  Speaker 2: I'm the dude, man.
• 0:29
  Speaker 1: I am not. I am Brian Thomas, host to fifty
• 0:31
  Speaker 1: five KRC Morning shown a very happy Monday. Everybody, hope
• 0:33
  Speaker 1: you had a great weekend. I did, and I appreciate
• 0:36
  Speaker 1: my family for that great weekend. I always appreciate Christopher
• 0:39
  Speaker 1: Smith and he joins a program every Monday seven twenty
• 0:42
  Speaker 1: for the Smith Event from the former Vice mayor of
• 0:43
  Speaker 1: the City of Cincinnati. Today no different from the norm.
• 0:46
  Speaker 1: I guess we'll be hearing about the upcoming event Viva
• 0:48
  Speaker 1: Ramaswami at Jim and Jackson the River. Got to get
• 0:50
  Speaker 1: tickets for that. Maybe Christopher can give us an update.
• 0:53
  Speaker 1: I guess there were a total of three hundred available.
• 0:55
  Speaker 1: You must get a ticket, you must get one personally
• 0:57
  Speaker 1: at Jim and Jackson. I got to keep tracking security,
• 1:00
  Speaker 1: of course, the numbers, and they mean basically it's a
• 1:02
  Speaker 1: form of RSVP that way. But there were three hundred
• 1:06
  Speaker 1: I think available. One hundred sold out in the first
• 1:08
  Speaker 1: several days. At least that was as of last week.
• 1:10
  Speaker 1: So an update on that, I'm sure we'll hear from
• 1:12
  Speaker 1: Christopher at seven to twenty, along with other things, a
• 1:15
  Speaker 1: lot of crime going on in the streets of Cincinnati.
• 1:17
  Speaker 1: I don't know. I think Bobby we were under on
• 1:19
  Speaker 1: the over and under from last week. And Bobby always
• 1:21
  Speaker 1: predicts the amount of violent crime during the week, and
• 1:25
  Speaker 1: I think we were under. But still some terrible, terrible
• 1:27
  Speaker 1: problems and with crime in the city, same kind of
• 1:30
  Speaker 1: thing each and every week. We have to deal with
• 1:32
  Speaker 1: coming up money money with Brian James. Ado five with
• 1:34
  Speaker 1: Brian James from all with financial the national debt forty
• 1:37
  Speaker 1: trillion dollars. Huh, wake up call. Maybe modern monetary theory
• 1:43
  Speaker 1: doesn't work anyway. You should get indexed universal life insurance
• 1:46
  Speaker 1: policy or should you? And finally, more people are using
• 1:50
  Speaker 1: AI for financial advice. Find out whether Brian thinks that's
• 1:53
  Speaker 1: a good idea or not. That's a day too. Oh five.
• 1:56
  Speaker 1: Todd Sheets joins the program at eight forty. He's an
• 1:58
  Speaker 1: economist and author. We'll talk about his op ed No
• 2:00
  Speaker 1: Free Burritos today, speaking of economy looked interesting breakdown by
• 2:06
  Speaker 1: Elisa Finley over at the Wall Street Journal on modern
• 2:09
  Speaker 1: monetary theory and It's not dead. This is the idea
• 2:12
  Speaker 1: that you know, you run the printing press and it
• 2:13
  Speaker 1: doesn't matter. It just doesn't matter. Which the idea that
• 2:17
  Speaker 1: some economists came up with these this run the printing press,
• 2:21
  Speaker 1: it doesn't matter. Crap. I guess don't understand the realities
• 2:24
  Speaker 1: of watering down the currency anyway. Stephanie Calton maybe one
• 2:30
  Speaker 1: of the ones, one of the economists who's behind modern
• 2:33
  Speaker 1: monetary theory. Back in twenty nineteen, she was giving praise
• 2:36
  Speaker 1: to Alexandrio Casio Cortes for mentioning the word monitored monetary theory,
• 2:41
  Speaker 1: with praise suggesting we don't need to worry about deficits
• 2:45
  Speaker 1: because the government can print money. That's the old idea
• 2:47
  Speaker 1: behind it.
• 2:48
  Speaker 2: Said.
• 2:48
  Speaker 1: People immediately probably started googling modern monetary theory to find
• 2:51
  Speaker 1: out what she was referring to. Yeah, hopefully they did
• 2:54
  Speaker 1: and realized that it's insane. Here's what she said, this,
• 2:57
  Speaker 1: miss Calton, the modern monetary theory guru, the national debt
• 3:01
  Speaker 1: is nothing to fear. What you should scare Americans is
• 3:05
  Speaker 1: allowing misunderstandings and fear mongering about the national debt. Ready,
• 3:12
  Speaker 1: why would we do that? Don't let the fear mongering
• 3:18
  Speaker 1: and misunderstandings about the national debt to prevent us from
• 3:21
  Speaker 1: taking bold action to deal with the urgent threat of
• 3:25
  Speaker 1: climate change. Oh, there you go, no fear mongering or
• 3:29
  Speaker 1: misunderstanding and connection with what she is peddling modern monetary
• 3:33
  Speaker 1: theory to fund We need all the money to throw
• 3:35
  Speaker 1: a climate change. We're all gonna die, I guess. But
• 3:40
  Speaker 1: some of the liberals and the crazies that once advocated
• 3:43
  Speaker 1: to this are also now sounding alarms about the growing
• 3:45
  Speaker 1: debt because we hit forty trillion. People are going, oh
• 3:47
  Speaker 1: my god. Yields on long term treasury bonds have gone up,
• 3:51
  Speaker 1: Oh my god. But modern monetary theory apparently hasn't gone away.
• 3:55
  Speaker 1: Spend without restraint, that's one. This is how you get
• 4:00
  Speaker 1: the profit, I guess. First, spread with that restraint. Second,
• 4:03
  Speaker 1: leaning the Fed to monetize the debt, then hike taxes,
• 4:08
  Speaker 1: and when economic inequality increases in growth slows, spend more.
• 4:11
  Speaker 3: Hmmm.
• 4:13
  Speaker 1: And as a list of points out, more or less
• 4:15
  Speaker 1: tracks what the government did during the pandemic, and now
• 4:18
  Speaker 1: the left wants to repeat the failed experiment on an
• 4:20
  Speaker 1: even larger scale. She refers to it. Woke to economics,
• 4:23
  Speaker 1: and I shot there a Lissa, and let's go through
• 4:26
  Speaker 1: a little bit of history as she did for all
• 4:27
  Speaker 1: of us. Don't forget how the US got persistent inflation
• 4:32
  Speaker 1: and forty trillion dollars in debt. First Congress undertook a
• 4:35
  Speaker 1: multi trillion dollars spending Bidge during the pandemic, throwing out
• 4:39
  Speaker 1: the money because well, government created the problem. Ah, yes,
• 4:43
  Speaker 1: John Leek's book Mind Viruses. Go ahead and read that.
• 4:46
  Speaker 1: It's there at fifty five Krosee dot com. Listen to
• 4:48
  Speaker 1: the podcast. Yeah, create a crisis, freak people out, and
• 4:51
  Speaker 1: then embrace the government solution to that. Hmmm, pandemic. Let's
• 4:56
  Speaker 1: shut everything down, said the government, and they did. Oh
• 5:00
  Speaker 1: my god, people aren't making money. We need to throw
• 5:02
  Speaker 1: money at them because of what we did. Oh, it
• 5:04
  Speaker 1: was the pandemic's fault. So we threw trillions of dollars
• 5:08
  Speaker 1: into the economy using the printing press, and the FED
• 5:13
  Speaker 1: also kept interest rates about zero, allowing people to borrow
• 5:16
  Speaker 1: at little to no cost to them. That had the
• 5:19
  Speaker 1: effect of pushing down yields on long dated bonds. US
• 5:22
  Speaker 1: borrowing costs also down, driving up asset prices, though, including
• 5:26
  Speaker 1: for housing. Result investors piled into risk your assets like crypto,
• 5:31
  Speaker 1: special purpose acquisition companies, meme stocks, congress businesses, and consumers
• 5:37
  Speaker 1: piled on debt. Borrowing was cheap, the interest rates were very,
• 5:41
  Speaker 1: very very low, so why not go ahead and borrow?
• 5:45
  Speaker 1: And that borrowed money, of course thrown into the economy,
• 5:48
  Speaker 1: demand high and supplies low. Of course, we hit all
• 5:50
  Speaker 1: those supply chain interruptions during COVID, exacerbating problems sending prices
• 5:54
  Speaker 1: through the roof. Said Americans three financed homes at ultra
• 5:58
  Speaker 1: low rates that increased else cold liquidity, fuel in consumption
• 6:02
  Speaker 1: farres extra money. I refinanced. All that extra money that
• 6:06
  Speaker 1: I'm saving on a monthly mortgage payment, I've now can
• 6:08
  Speaker 1: spend as opposed to socking it away for the future anyway.
• 6:12
  Speaker 1: So after inflation serves, the FRED raised interest rates and
• 6:15
  Speaker 1: began shrink the balance sheet. Borrowing costs rose across the board,
• 6:19
  Speaker 1: and running big deficits became much less affordable. Higher mortgage
• 6:24
  Speaker 1: rates those also hired a long term treasuries made home
• 6:29
  Speaker 1: less affordable for people who hadn't locked in at a
• 6:31
  Speaker 1: low rate. You remember that, don't You were still living
• 6:33
  Speaker 1: that one. Then we had the Inflation Reduction Act, right,
• 6:40
  Speaker 1: which was ultimately a climate change bill. Tax increases they
• 6:45
  Speaker 1: claimed would pay for the inflation reduction. Increased taxes. Well,
• 6:51
  Speaker 1: what do we get. We're increasing the taxes. Where's that
• 6:53
  Speaker 1: going to go. He's going to go to pay down
• 6:55
  Speaker 1: the deficit? No, no, no, sweetened Obamacare and Medicare prescription
• 6:59
  Speaker 1: drug benefits and those extra taxes. Also beyond Obamacare sweeteners
• 7:04
  Speaker 1: and Medicare prescription drug benefit increases, they claimed the extra
• 7:08
  Speaker 1: taxes were also going to reduce the deficit. And when
• 7:12
  Speaker 1: spending came in at multiples more than the Democrats claimed
• 7:15
  Speaker 1: it would come in, guess what. None of that happened.
• 7:18
  Speaker 1: It just became more expensive. CBO revised upwards the Medicare
• 7:23
  Speaker 1: prescription drug costs. It increased by seven hundred billion dollars
• 7:28
  Speaker 1: over ten years. Why because of higher than expected costs
• 7:32
  Speaker 1: for the acts and has benefits. They didn't get it right.
• 7:34
  Speaker 1: They told you what they said it was going to cost.
• 7:36
  Speaker 1: Don't worry about it. It's not that much we're going
• 7:38
  Speaker 1: to cover with the tax. And then we have the
• 7:46
  Speaker 1: concern in the press about the march of US debt
• 7:48
  Speaker 1: and long term treasury rates. Finally they're paying attention to that. Yeah,
• 7:52
  Speaker 1: the results will be higher government borrowing costs. But is
• 7:55
  Speaker 1: this not a useful price signal to Americans spend through
• 7:58
  Speaker 1: a political classander or questions Alyssa Finley. It is. This
• 8:03
  Speaker 1: is the result of what you get when you run
• 8:05
  Speaker 1: away spend. Ready, enter the left's household remedy. Okay, we've
• 8:15
  Speaker 1: got runaway and we've got deficit. We have, oh my god,
• 8:18
  Speaker 1: the interest rate on the national What do we need
• 8:19
  Speaker 1: to do? What's the answer from the left, as always right,
• 8:23
  Speaker 1: raise taxes. There's no way, there's nothing in the left
• 8:27
  Speaker 1: platform about cutting spending. I might interject that this never
• 8:30
  Speaker 1: ever comes into the equation, nor is it really something
• 8:33
  Speaker 1: that the Republicans are fighting for. Ever Bernie Sanders and
• 8:37
  Speaker 1: others promoting a five percent annual well tax on billionaires. Yeah,
• 8:43
  Speaker 1: let's go after those billionaires. Forget what they do with
• 8:45
  Speaker 1: that money, but let's go after five percent. Come on,
• 8:47
  Speaker 1: they're billionaires, they can afford it, right, that's your class
• 8:49
  Speaker 1: warfare game. Well, from a dollars and cents analogy, Since
• 8:53
  Speaker 1: we are considering raising the tax, at least the theory
• 8:57
  Speaker 1: advanced by the leftist raising the tax to deal with
• 9:00
  Speaker 1: this insane deficit, how much would that five percent annual
• 9:05
  Speaker 1: tax on billionaires generate. Well, according to the reporting for
• 9:09
  Speaker 1: lists of fin million others only it's a lot of money,
• 9:12
  Speaker 1: only two point three trillion dollars over a decade, which
• 9:18
  Speaker 1: knocking it out of the park. With this fun fact,
• 9:20
  Speaker 1: about as much as this year's deficits, right, we're gonna
• 9:23
  Speaker 1: build the forty trillion will be forty two point three
• 9:25
  Speaker 1: or something like that by the end of the year.
• 9:27
  Speaker 1: So ten years where it's of confiscatory taxes against those
• 9:30
  Speaker 1: evil billionaires is not even cover one year's over spending.
• 9:34
  Speaker 1: How does that work out for you? It doesn't, she writes.
• 9:39
  Speaker 1: Even if the government were to confiscate all the wealth
• 9:42
  Speaker 1: of America's billionaires, all of it, it would raise eight
• 9:46
  Speaker 1: point four trillion dollars, and that would get us back
• 9:51
  Speaker 1: to ready calendar year twenty twenty three in terms of
• 9:55
  Speaker 1: our deficit, our debt, whole lot of good death do.
• 10:00
  Speaker 1: And then those evil billionaires have had all of their
• 10:02
  Speaker 1: wealth confiscated, so they won't be generating more wealth. And
• 10:10
  Speaker 1: then the other programs that they want to put in place.
• 10:14
  Speaker 1: Remember we are talking about the Democrat Socialists here, We
• 10:16
  Speaker 1: are talking about their party platform we're talking about stuff
• 10:19
  Speaker 1: that Alexandro Casio Cortez and Bernie Senter has been advocating
• 10:21
  Speaker 1: for a year. Oh, here we go. Medicare for All
• 10:24
  Speaker 1: cost thirty four trillion over ten years, going back to
• 10:27
  Speaker 1: all the confiscatory tax on billionaires that deal with the
• 10:30
  Speaker 1: problem we're facing right now. It won't even manage that.
• 10:35
  Speaker 1: So how are you going to cover the additional thirty
• 10:37
  Speaker 1: four trillion dollars in ten years in Medicare for all?
• 10:39
  Speaker 1: That's one of the proposals. The answer comes from Alexandrio
• 10:46
  Speaker 1: Casio Cortcaz. She says, well, raise the top marginal rate
• 10:50
  Speaker 1: to seventy percent on incomes over ten million dollars. See,
• 10:54
  Speaker 1: we're not going for billionaires anymore, but you can have
• 10:57
  Speaker 1: a class warfare game going after the millionaires two, right,
• 11:00
  Speaker 1: because they're a smaller slice of the smaller slice of
• 11:03
  Speaker 1: the population and the vast majority of us out there. Okay,
• 11:06
  Speaker 1: so let's go over to that. How much would that
• 11:07
  Speaker 1: raise considering the thirty four trillion dollar price tag for
• 11:10
  Speaker 1: Medicare for All, ignoring all the other programs in the debt,
• 11:14
  Speaker 1: we already have three hundred billion over ten years, not
• 11:19
  Speaker 1: even a fract. I mean it is a fraction. It's
• 11:21
  Speaker 1: just a small one. And does anybody have any idea
• 11:24
  Speaker 1: of what might what taking all of that money out
• 11:26
  Speaker 1: of the economy would do. Give it to the government,
• 11:28
  Speaker 1: let them manage it, let them put a new program
• 11:31
  Speaker 1: in place. Is that going to do anything to welp
• 11:33
  Speaker 1: increase grow the economy, create more jobs in the industry. No,
• 11:36
  Speaker 1: it's not unbelievable. Nobody's running well, at least somebody is.
• 11:46
  Speaker 1: Alicia Finley's running numbers on that one, at least as
• 11:48
  Speaker 1: of today. Now we make in some inroads with the Iranians.
• 11:53
  Speaker 1: It depends on who you're listening to, which has been
• 11:55
  Speaker 1: typically the case these days. Five one, three, seven, four, nine,
• 11:57
  Speaker 1: fifty five hundred, eight hundred and eighty two to three
• 11:59
  Speaker 1: talk pound five fifty on eight and T phones. Love
• 12:01
  Speaker 1: to hear from you, Feel free to give me a
• 12:03
  Speaker 1: call me right back. Fifty five KRC getty, go.
• 12:08
  Speaker 4: Hey, Jerry, Happy Monday.
• 12:11
  Speaker 1: Trying to make it so anyway if you can five one, three, seven, four, nine,
• 12:14
  Speaker 1: fifty five hundred, eight hundred eight two three talk pound
• 12:17
  Speaker 1: five fifty on eight and T phones over fifty five
• 12:19
  Speaker 1: KRC dot iHeart dot com Jack Windsor from the How
• 12:22
  Speaker 1: Press Network, the book I mentioned earlier in this segment
• 12:24
  Speaker 1: here Mind Viruses by John Lee. Government creates a problem
• 12:27
  Speaker 1: and then rescues you with the solution that's obviously often worse,
• 12:31
  Speaker 1: most noted because it erode your freedoms and liberty. See
• 12:33
  Speaker 1: everything that they did to us during COVID nineteen. By
• 12:36
  Speaker 1: way of illustration, Get Healthy Restore Wellness with George Brenhaman
• 12:39
  Speaker 1: and Keith Tennenfeld. Great hour of super learning for health
• 12:43
  Speaker 1: and wellness, How to get ourselves on track, and of
• 12:45
  Speaker 1: course Tech Friday with Dave Hatter Right there fifty five
• 12:48
  Speaker 1: care see dot iHeart dot com. Without further deo, let's
• 12:50
  Speaker 1: see what Tim's got this morning. Tim, thanks for calling
• 12:52
  Speaker 1: the Morning Show and a happy Monday to you.
• 12:54
  Speaker 3: Well, happy Monday morning to you, Brian Thomas. And it's
• 12:58
  Speaker 3: going to be a great day for all of us,
• 12:59
  Speaker 3: except for these days. Go on, stupid Democrats. Now, Bernie Sanders,
• 13:03
  Speaker 3: how many homes does he own?
• 13:05
  Speaker 1: I think three? Three at least pretty pretty substantive. I'm
• 13:10
  Speaker 1: not keeping track lately of Bernie's real estate, although yeah,
• 13:12
  Speaker 1: for the socialists that he claims to be, he is
• 13:15
  Speaker 1: living rather large, there's no question about it. Do as
• 13:18
  Speaker 1: I say, not as I do.
• 13:20
  Speaker 3: Yeah. And also did he go take his honeymoon and
• 13:22
  Speaker 3: Russia with the olive archs?
• 13:24
  Speaker 1: I think that was Bernie.
• 13:25
  Speaker 2: Yeah.
• 13:25
  Speaker 1: He was also the guy who lived in an ashram
• 13:27
  Speaker 1: but didn't bother to participate in lift his finger to
• 13:30
  Speaker 1: help out the collective community members there. So he's got
• 13:33
  Speaker 1: a he's got a checkered past.
• 13:35
  Speaker 3: Okay, Now you can call me street car ten because
• 13:39
  Speaker 3: I compare all the stupid stuff to democrats. We can
• 13:41
  Speaker 3: put him on a street car and let him go
• 13:43
  Speaker 3: round and round and round. Bernie looks like a stupid
• 13:46
  Speaker 3: stork with his wise stuck in the head, like stupid stork.
• 13:50
  Speaker 3: He looks like a stupid old stork. Yeah. And then
• 13:55
  Speaker 3: Acatio Cortes, she's very good looking, but her gears ain't
• 13:59
  Speaker 3: turning that damn. She's very beautiful.
• 14:01
  Speaker 1: But yeah, listen, you know, I subjective pinion. That's okay,
• 14:06
  Speaker 1: but I always point out, you know, when you're name calling,
• 14:08
  Speaker 1: you're not advancing argument, you're just name calling. So we've
• 14:10
  Speaker 1: got eight million reasons that we can voice frustration and
• 14:15
  Speaker 1: concern over Alexandria Casio Cortez policies and Bernie Sanders policies
• 14:19
  Speaker 1: that don't require us to go down that road. Man,
• 14:23
  Speaker 1: I get it. I know where you're coming from. It's
• 14:25
  Speaker 1: like the old days when Hillary Clinton was president. You
• 14:27
  Speaker 1: could make fun of her giant ankles, but you really
• 14:30
  Speaker 1: didn't have to. You had cattle futures trading, and you
• 14:33
  Speaker 1: had corruption, and you had a multitude of reasons why
• 14:36
  Speaker 1: she was worthy to target for criticism. So just you know,
• 14:41
  Speaker 1: just saying, try to stay on the straight and narrow
• 14:44
  Speaker 1: on that. Anyhow, I tell you what here here you
• 14:47
  Speaker 1: go speaking of you know, never let a good crisis
• 14:49
  Speaker 1: go to ways and of course government solutions. We've got
• 14:51
  Speaker 1: problem with grocees. They're expensive. We have food deserts in
• 14:54
  Speaker 1: New York City, says mom. Dommy. Right, he's the mayor,
• 14:56
  Speaker 1: he's a socialist, he's got more policies, and you can
• 14:58
  Speaker 1: shake a stick at going to rescue you with state
• 15:01
  Speaker 1: or city run grocery stores. Right, We're gonna build them
• 15:04
  Speaker 1: with taxpayer dollars. We're gonna sell groceries at least some
• 15:06
  Speaker 1: of them at thirty percent discount. It's all gonna work
• 15:08
  Speaker 1: out great, not that it's ever worked literally anywhere It's
• 15:12
  Speaker 1: been tried. Programs like this have well failed repeatedly, Overnumber,
• 15:16
  Speaker 1: But we're gonna do it right this time, says Zoranmandami. Yeah,
• 15:19
  Speaker 1: but what about the impact on grocers, the ones that
• 15:21
  Speaker 1: are out there right now? The bodeg is, what are
• 15:23
  Speaker 1: they gonna do? How are they going to compete? Guess what? Well,
• 15:27
  Speaker 1: the crisis that they created with all these problems, what
• 15:29
  Speaker 1: about people going in buying the discount groceries and going
• 15:32
  Speaker 1: out and selling them in the streets. Shortages as a
• 15:34
  Speaker 1: consequence of that, there's a problem. There's also the reality,
• 15:38
  Speaker 1: fiscal reality that the taxpayers are going to continue to
• 15:40
  Speaker 1: subsidize these groceries thirty percent. Discount groceries usually have about
• 15:44
  Speaker 1: a two percent profit margin. Where's the twenty eight percent
• 15:48
  Speaker 1: coming from? Right, that's the taxpayers. And of course the
• 15:52
  Speaker 1: artificially LITWL prices harm small businesses which will lose sales
• 15:55
  Speaker 1: to the taxpayer subsidized grocery stores, which don't have to
• 15:58
  Speaker 1: pay electric bills, don't have to pay state taxes, et cetera,
• 16:01
  Speaker 1: et cetera. So what do you do about this? Well,
• 16:05
  Speaker 1: swirling behind the scenes, apparently, although they're backpedaling and saying no, no, no,
• 16:10
  Speaker 1: we're not. But they were looking at the officials in
• 16:13
  Speaker 1: New York who created this policy and the ensuing problems
• 16:15
  Speaker 1: that emanate from it. Are you ready, here's the solution.
• 16:20
  Speaker 1: Maybe tax breaks, incentives and zoning benefits to help the
• 16:25
  Speaker 1: private grocers manage costs so they can more readily compete
• 16:28
  Speaker 1: with the state run, taxpayers supported grocery stores. Okay, New
• 16:37
  Speaker 1: York Economic Development Corporation, now they they're the ones where
• 16:40
  Speaker 1: this originally came out, said the agency was exploring quote,
• 16:45
  Speaker 1: complementary policies as in complement to the city run owned
• 16:50
  Speaker 1: grocery stores, complementary policies and programs, grants and incentives supporting
• 16:55
  Speaker 1: independent businesses alongside the city run stores. We are, as
• 16:59
  Speaker 1: an agency looking I had a number of different complementary
• 17:01
  Speaker 1: policies and programs, grants and centives that can come alongside
• 17:04
  Speaker 1: these grocery stores to support other local independent businesses in
• 17:08
  Speaker 1: the neighborhoods. All right, that comes to the cost, right,
• 17:11
  Speaker 1: a taxpayer cost, the solution for a problem that their
• 17:18
  Speaker 1: solution to a problem created. This never ends. Maybe we
• 17:23
  Speaker 1: should just try to ignore governments offering solutions to complex
• 17:27
  Speaker 1: economic problems that clearly elected officials in government have no
• 17:31
  Speaker 1: concept on how to solve right, like modern monetary policy,
• 17:35
  Speaker 1: We'll just print ourselves into prosperity. I mean the just
• 17:39
  Speaker 1: saying it out loud makes it sound stupid, doesn't it right?
• 17:45
  Speaker 1: Five twenty six fifty five Karrisity Dog Stations, Steve hang On,
• 17:48
  Speaker 1: I'm happy to take your call out of time in
• 17:49
  Speaker 1: this segment. Got that local stories Any other calls be
• 17:52
  Speaker 1: right back. This is fifty five karc an iHeartRadio Station
• 17:57
  Speaker 1: air CB talk station, Happy Monday. If I went three
• 18:02
  Speaker 1: seven hundred eight to three talk COMPI fifty on at
• 18:06
  Speaker 1: and T Fund's got Steve an tominline one moment here,
• 18:08
  Speaker 1: just observing that we have this wildfire going on right
• 18:10
  Speaker 1: outside of Reno, Nevada, twenty three miles winds blowing, the
• 18:14
  Speaker 1: fires are picking up, no containment. Ninety thousand people, I
• 18:18
  Speaker 1: guess are a subject to evacuation. Forty two thousand have
• 18:21
  Speaker 1: already been evacuated. I just was observing. You know, who's
• 18:25
  Speaker 1: gonna buy the carbon offsets to deal with the extra
• 18:28
  Speaker 1: carbon dioxide and pollutants that have gone into the air
• 18:30
  Speaker 1: as a consequence of a wildfire. Yeah, I know, nobody Steve,
• 18:34
  Speaker 1: thanks for calling this morning. Welcome to the Morning Show.
• 18:36
  Speaker 1: Happy Monday.
• 18:38
  Speaker 5: Yes, sir, just a real quick comment. This is for
• 18:41
  Speaker 5: the dinosaurs out there in Congress like Bernie Sanders and
• 18:45
  Speaker 5: the Elizabeth Warren who were in there when Obamacare was passed,
• 18:50
  Speaker 5: that was shoved through. They did not compromise on everything.
• 18:54
  Speaker 5: They got everything they wanted, which was to solve the
• 18:58
  Speaker 5: healthcare issue in the country. They don't get a free
• 19:02
  Speaker 5: pass to go around claiming we need Medicare for all,
• 19:06
  Speaker 5: as if they didn't already take care of the problem.
• 19:08
  Speaker 5: Why believe them now the end of story.
• 19:12
  Speaker 1: Well, the only way you get Medicare for all is
• 19:14
  Speaker 1: you get rid of private insurance. See, the thing is
• 19:17
  Speaker 1: that the Supreme Court ruined the whole predicate to the
• 19:23
  Speaker 1: foundational point for Obamacare by telling the well the lawmakers
• 19:27
  Speaker 1: that you can't use the commerce clause to force someone
• 19:31
  Speaker 1: to buy something that was obligated under Obamacare. You either
• 19:35
  Speaker 1: penalize or at tax or bottom line, as you really
• 19:37
  Speaker 1: were forced into buying a Bombacare plan. That means a
• 19:40
  Speaker 1: bunch of healthy people would be paying higher premiums to
• 19:43
  Speaker 1: get cover services that they would never use, like in
• 19:46
  Speaker 1: maternity care. For a single man, that kind of stuff.
• 19:49
  Speaker 1: You know, people rejected the idea if they weren't forced
• 19:51
  Speaker 1: to buy it. There were better alternatives out there, the
• 19:53
  Speaker 1: private insurance market being one of them. I speak on
• 19:56
  Speaker 1: behalf of John Rouman for Cover Sinsei. There are hundreds
• 19:58
  Speaker 1: of private insurance companies out there. You can get insured
• 20:00
  Speaker 1: for less money. Why would you go Obamacare? Well, that
• 20:04
  Speaker 1: made Obamacare ultimately become the insure of the last resort.
• 20:09
  Speaker 1: Insure of last resort. It's like out in California and
• 20:12
  Speaker 1: nobody will underwrite you property insurance because the fire's out there,
• 20:15
  Speaker 1: so you got to rely on the California program, which
• 20:17
  Speaker 1: is getting overwhelmed itself. Same thing here. Everybody going under Obamacare,
• 20:21
  Speaker 1: as a person usually with a pre existing condition, can't
• 20:24
  Speaker 1: get private insurance because of the pre existing exclusions. So
• 20:29
  Speaker 1: where are you going to go? If you've got a diagnosis,
• 20:31
  Speaker 1: You're gonna go to Obamacare. So Obamacare has just become
• 20:34
  Speaker 1: a vehicle to make large payments for medical coverage. It's
• 20:38
  Speaker 1: a recipe for disaster. That's why your premium's gone up,
• 20:40
  Speaker 1: That's why your deductible's gone up. Welcome to twelve thousand
• 20:43
  Speaker 1: dollars out of pocket before the insurance even kicks in.
• 20:47
  Speaker 1: Oh let me sorry, that's make it twenty four thousand
• 20:49
  Speaker 1: dollars for a family. Yeah? Is that even insurance recipe
• 20:54
  Speaker 1: for disaster? It was, and it's proving itself to be so, Tom,
• 20:59
  Speaker 1: welcome to the Morning Show. A happy Monday to use.
• 21:01
  Speaker 1: So good to hear from you.
• 21:02
  Speaker 6: Yeah, good morning, good morning. I hope you had a
• 21:04
  Speaker 6: good weekend.
• 21:05
  Speaker 1: I did. I hope you did too.
• 21:07
  Speaker 6: Oh yeah, I worked all weekend, but uh, telling jail
• 21:10
  Speaker 6: next weekend, I'm I'm heading now California to visit the
• 21:14
  Speaker 6: daughter for you. Are well, I will see well.
• 21:18
  Speaker 1: I like to spending time with your daughter can outweigh
• 21:21
  Speaker 1: any of the downside to having to go to California
• 21:24
  Speaker 1: to do it?
• 21:24
  Speaker 7: Tom, Yeah, you know.
• 21:25
  Speaker 6: That sounds like a great theory, you know now.
• 21:27
  Speaker 2: It is?
• 21:28
  Speaker 6: It is, And she's by the way, she member she's
• 21:30
  Speaker 6: got that dog. She's got my grandson, my favorite grandson
• 21:33
  Speaker 6: that the Australian shepherds.
• 21:35
  Speaker 1: Yes, of course.
• 21:37
  Speaker 6: With her is spending time with her doesn't make it
• 21:40
  Speaker 6: worthwhile spending time with him will?
• 21:43
  Speaker 2: Right?
• 21:43
  Speaker 6: Yeah, So that's what I keep telling her. You know,
• 21:47
  Speaker 6: as as as American citizens, we we have all accepted
• 21:52
  Speaker 6: the responsibility of taking care of each other in some
• 21:56
  Speaker 6: sort of way. We all we all kind of chip
• 21:58
  Speaker 6: in and and help out. We do that in the
• 22:01
  Speaker 6: form of taxes that take care of safety things, you know,
• 22:06
  Speaker 6: police and fire, you know, building the roads and bridges
• 22:10
  Speaker 6: and stuff like that. You know, we we we understand
• 22:13
  Speaker 6: that that's all. That's all part of being a citizen
• 22:16
  Speaker 6: of the country.
• 22:17
  Speaker 1: Course services that will allow us to prosper and thrive.
• 22:21
  Speaker 6: Correct, correct, But obviously, you know, people saw that that
• 22:26
  Speaker 6: was that was going on, and oh, we're gonna we're
• 22:28
  Speaker 6: gonna tax people and take their money and spend it
• 22:31
  Speaker 6: on this. Let's do that, Let's do it with this,
• 22:33
  Speaker 6: let's do it with that. And now it's turned into
• 22:34
  Speaker 6: pretty much anything they want, any anything they can think of.
• 22:38
  Speaker 6: Oh we'll get the taxpayer to do that. Look at
• 22:40
  Speaker 6: all the money we can collect from them. All we
• 22:41
  Speaker 6: got to do. All we gotta do is convince enough
• 22:44
  Speaker 6: stupid people that this is a great idea and do
• 22:47
  Speaker 6: it on and off year election or or you know,
• 22:50
  Speaker 6: let's let's let's make everybody afraid of this or afraid
• 22:53
  Speaker 6: of that and tell them we're going to come to
• 22:54
  Speaker 6: our rescue, come to their rescue. And I mean, it's
• 22:57
  Speaker 6: it's all ridiculous and it's taking something that was that
• 23:01
  Speaker 6: is is a good idea in general, like we like
• 23:03
  Speaker 6: the first few things I mentioned, and just ruining it
• 23:07
  Speaker 6: and taking advantage of it and twisting it and whatever.
• 23:09
  Speaker 6: And that's that's what human beings do. That's what we
• 23:12
  Speaker 6: do to everything that's good. We pretty much we've pretty
• 23:14
  Speaker 6: much ruin it. And it takes people with some sense
• 23:17
  Speaker 6: and in their head to go way, wait with that's
• 23:19
  Speaker 6: going too far. No, no, no, we can't do that because
• 23:22
  Speaker 6: here's what's gonna happen. And how many people you know,
• 23:24
  Speaker 6: you and and all the guests you have on and
• 23:26
  Speaker 6: an other shows, and the other commentators saying, no, this
• 23:29
  Speaker 6: is a recipe for disaster. This is not gonna work out.
• 23:32
  Speaker 6: There's only so much money, people, and the more money
• 23:35
  Speaker 6: you print the more the less valuable it has. You
• 23:38
  Speaker 6: know that money has, So we can't keep doing this.
• 23:40
  Speaker 6: We've got to stop this. So how do how do you?
• 23:43
  Speaker 6: How do you solve the debt problem? First thing is
• 23:45
  Speaker 6: stop going deeper into debt. So we got to vote
• 23:47
  Speaker 6: for people who aren't trying to get us farther into debt.
• 23:50
  Speaker 6: We we just we have to. It's not optional. You know,
• 23:55
  Speaker 6: we got to find these candidates. Yeah, we got to
• 23:57
  Speaker 6: find these candidates that are gonna that are not going
• 23:59
  Speaker 6: to us and continue to spend us into oblivion. And
• 24:03
  Speaker 6: obviously you know that that means don't vote Democrat, right,
• 24:06
  Speaker 6: have a great day.
• 24:07
  Speaker 1: You know, kind of lost faith in the Republicans on
• 24:09
  Speaker 1: that too, haven't we. But you know, the idea is
• 24:11
  Speaker 1: that how many problems are there in the world. Let's
• 24:14
  Speaker 1: go with limitless. There is an infinite number are an
• 24:17
  Speaker 1: infinite number of problems, and there's always one that the
• 24:20
  Speaker 1: government comes in and says it's going to solve the
• 24:21
  Speaker 1: problem with just taxpayer dollars. We need a program, we
• 24:24
  Speaker 1: need to fund this particular program, We need to fund
• 24:26
  Speaker 1: this non government organization. The problem is we buy into
• 24:29
  Speaker 1: the proposition that government is the place for the solution,
• 24:33
  Speaker 1: and we don't bother to analyze the ripple effect of
• 24:36
  Speaker 1: whatever promise or solution they've offered will have, like, for example,
• 24:39
  Speaker 1: the whole idea of city run grocery stores in New York.
• 24:43
  Speaker 1: What about all of the other ripple effect problems that creates.
• 24:46
  Speaker 1: What about the you know, the unlimited ask from taxpayers
• 24:49
  Speaker 1: on a going forward basis to keep the low price
• 24:51
  Speaker 1: of groceries there. I mean, you can see the problems,
• 24:55
  Speaker 1: people identify them up front, but oh my god, we've
• 24:57
  Speaker 1: got to do something. We've got to do some thing. Yeah,
• 25:02
  Speaker 1: and quite often solutions cause more problems and don't ever
• 25:08
  Speaker 1: solve the original problem in the first place. Five thirty seven,
• 25:10
  Speaker 1: fifty five KRCD talk station Stack is stupid coming up
• 25:13
  Speaker 1: or phone calls either way, right back. This is fifty
• 25:15
  Speaker 1: five KARC talk station. It's my forty one to fifty
• 25:20
  Speaker 1: five KRSD talk station. Smith Event Monday coming up at
• 25:24
  Speaker 1: seven twenty Christopher Smithland. We've got money money with Brian James.
• 25:27
  Speaker 1: He too will be talking about the forty trillion.
• 25:29
  Speaker 3: Dollar national event.
• 25:31
  Speaker 1: And yes, we have no free burritos today. Op ed
• 25:34
  Speaker 1: that's the name of the title, the op ed piece.
• 25:36
  Speaker 1: And we'll talk with the economist and author Tide Sheets
• 25:39
  Speaker 1: at eight forty couple hours from now. In the meantime,
• 25:41
  Speaker 1: over the stack is stupid now. Flock cameras all the
• 25:43
  Speaker 1: rage these days, least in terms of people being angry
• 25:45
  Speaker 1: about them, more and more people getting rid of them
• 25:47
  Speaker 1: and of course, Flock just one of the camera companies
• 25:50
  Speaker 1: out there, the license plate scanners, and people are considering
• 25:53
  Speaker 1: them to be an invasion of privacy, which I understand
• 25:55
  Speaker 1: on the number of levels, and people are well going
• 25:59
  Speaker 1: out and doing some funny things, funny depending on your perspective.
• 26:02
  Speaker 1: I I kind of appreciate the nonviolent nature of some
• 26:07
  Speaker 1: of the actions I've seen people with, you know, fifteen
• 26:10
  Speaker 1: foot long poles with signs on them, protest signs, which,
• 26:14
  Speaker 1: of course, because we have the rights of protest in
• 26:16
  Speaker 1: this country thanks to the First Amendment, you can have
• 26:18
  Speaker 1: a sign on a fifteen foot pole and sit there
• 26:20
  Speaker 1: with it. Well, what if the pole that you have
• 26:23
  Speaker 1: it on is next to a Flock camera and the
• 26:25
  Speaker 1: reason you have it on a fifteen foot pole with
• 26:27
  Speaker 1: a sign on it is to block the Flock camera
• 26:29
  Speaker 1: from scanning license plates. I thought that was kind of funny.
• 26:32
  Speaker 1: How about destroying them, Well, cops have gotten wind of
• 26:36
  Speaker 1: a lot of people destroying flock cameras. So what do
• 26:39
  Speaker 1: they do. It's like perverts and pedophiles out there. Well,
• 26:42
  Speaker 1: they'll send a person out there, maybe an adult maleed
• 26:45
  Speaker 1: age forty five, pretending to be a twelve year old
• 26:47
  Speaker 1: girl and wanting to meet you to have sex. How
• 26:50
  Speaker 1: about flock bait cameras, they've got those now, This one
• 26:55
  Speaker 1: in Florida where a man was arrested flock bait camera
• 26:59
  Speaker 1: and install about ten one pm Wednesday in Seminole County.
• 27:03
  Speaker 1: Replica camera, according to the police, resembled an actual flock camera,
• 27:06
  Speaker 1: but wasn't collecting any data. One o'clock in the morning
• 27:08
  Speaker 1: on Thursday, three hours the fake camera had been set,
• 27:12
  Speaker 1: a man described as a tall guy dressed in black,
• 27:14
  Speaker 1: wearing gloves and a face mask, walked up to the
• 27:17
  Speaker 1: fake camera used the pruning shears, cutting the ice off
• 27:20
  Speaker 1: of its pole, then smashing it when it smashing it
• 27:23
  Speaker 1: after it hit the ground. Police were, of course monitoring
• 27:27
  Speaker 1: the site, and they apprehended twenty four year old Evan
• 27:29
  Speaker 1: Meyer while he tried to run away. According to the
• 27:33
  Speaker 1: rest report, Meyer told police he, in his words, uncomfortable
• 27:36
  Speaker 1: with the flock camera located right outside his street, and
• 27:39
  Speaker 1: he added that he has been hearing all the negative
• 27:42
  Speaker 1: things online about the misuses of flock camera. He's described
• 27:46
  Speaker 1: as being tall enough to have cut the mount off
• 27:48
  Speaker 1: with his father's pruning shears from the garage. Meyer added
• 27:53
  Speaker 1: the flock camera placement made him feel there was a
• 27:56
  Speaker 1: constant eye on him for no reason. Well, I don't know.
• 27:59
  Speaker 1: I think that it's probably accurate too. Anyway, don't do that.
• 28:03
  Speaker 1: He was charged with three phonies, booked into the county jail,
• 28:06
  Speaker 1: ultimately released on a seventy five hundred dollars bond. I
• 28:13
  Speaker 1: don't know this is relevant to the story, but according
• 28:15
  Speaker 1: to the intake sheet, he resides with his dad and
• 28:18
  Speaker 1: earns two hundred dollars a week as a stage hand
• 28:22
  Speaker 1: for a magic show the.
• 28:27
  Speaker 8: Idiots doing idiot things because they're idiots.
• 28:30
  Speaker 1: Do you think he got a degree for that, Joe?
• 28:32
  Speaker 1: Is that one of those woke college degrees. He's sitting
• 28:34
  Speaker 1: one hundred and fifty thousand dollars debt stagehand for magicians.
• 28:40
  Speaker 1: All right, real quick, here remaining moments of this segment.
• 28:42
  Speaker 1: We go to Pellam, Alabama. Duncan delivery truck broke down
• 28:49
  Speaker 1: right in front of the Pellm Police Department. As this tradition,
• 28:54
  Speaker 1: please depart, wrote in a video in response to the
• 28:56
  Speaker 1: multitude of social media comic posts and memes on the
• 29:01
  Speaker 1: subject matter, give it its cops and donuts. We're not saying
• 29:04
  Speaker 1: officers responded faster than usual, but when a truck full
• 29:06
  Speaker 1: of donuts is involved, you don't take any chances. Well,
• 29:09
  Speaker 1: at least the police department has a sense of humor
• 29:11
  Speaker 1: about the situation. Five point forty five more stupid coming
• 29:15
  Speaker 1: up at your five kr se detalk station.
• 29:16
  Speaker 2: During back fifty five KRC see deep talk station.
• 29:25
  Speaker 1: It is five forty nine to fifty five krs detalk station,
• 29:29
  Speaker 1: like it not Monday and liking it or not back
• 29:31
  Speaker 1: to the stack is stupid. Yeah, people are greater electing
• 29:36
  Speaker 1: backcrap and seeing officials to represent them in government. And
• 29:39
  Speaker 1: I guess in Germany it's not that it's just a
• 29:41
  Speaker 1: it's the same there as well. We go to Mannheim, Germany,
• 29:44
  Speaker 1: described as an industrial city, where they have a councilor
• 29:46
  Speaker 1: named Julian Ferad. He's thirty five, and so I refer
• 29:50
  Speaker 1: to him as crazy Germany's craziest counselor, leader of the
• 29:54
  Speaker 1: Liberal Di Mannheimer party, elected twenty twenty four to the council.
• 29:58
  Speaker 1: He's got an idea. Just recently announced hum He announced
• 30:04
  Speaker 1: plans to throw group sex parties at his local seat
• 30:06
  Speaker 1: of government. He said group sex with city council members
• 30:11
  Speaker 1: will be the ultimate in closeness, with the citizens pointing
• 30:15
  Speaker 1: out there aren't any laws explicitly banning banning swinger parties
• 30:19
  Speaker 1: at the city Hall. Now he first has to secure
• 30:23
  Speaker 1: a permit from the city Council in order to have
• 30:26
  Speaker 1: a swinger party at city Hall. Speaking with the UK Telegraph,
• 30:31
  Speaker 1: at the moment, the focus is on determining which of
• 30:33
  Speaker 1: the citizens who contacted me are seriously interested, he said.
• 30:36
  Speaker 1: Some of the fifty people who contacted me are part
• 30:39
  Speaker 1: of the local swingers community community, so they're legit. He said,
• 30:45
  Speaker 1: some are people I don't know yet. This week I'll
• 30:48
  Speaker 1: start meeting the unknown people in person. Yeah, I bet
• 30:51
  Speaker 1: you will. Weirdo explained the atturning city Hall into a
• 30:55
  Speaker 1: sex party venue as an attempt to break social taboos
• 30:57
  Speaker 1: in Mannheim, governed by the socially concer served a Christian
• 31:00
  Speaker 1: Democratic Party, saying, on the one hand, it's for making
• 31:05
  Speaker 1: people being a swinger less taboo. On the other hand,
• 31:10
  Speaker 1: it's for promoting my vision of a nudist swinger paradise
• 31:13
  Speaker 1: in Mannheim. He said, get a load of this, you
• 31:16
  Speaker 1: see backcrap, insane ideas and why would you think this
• 31:19
  Speaker 1: is good? Because while attracting nudists and swingers he believes
• 31:23
  Speaker 1: will boost the local economy. Now, arguably, if you increase
• 31:28
  Speaker 1: the number of nudism swingers into your neighborhood because you're
• 31:30
  Speaker 1: a nudism swinger neighborhood, maybe, But what might happen as
• 31:34
  Speaker 1: a consequence of doing that right? There may be a
• 31:37
  Speaker 1: downside risk in that people move away because they're well
• 31:40
  Speaker 1: repulsed by naked people running around having sex all over
• 31:43
  Speaker 1: the place. Could be a downside. Maybe. City Hall denied
• 31:47
  Speaker 1: his initial request to have this sex party, noting a
• 31:51
  Speaker 1: lack of clear details and an explanation of how the
• 31:53
  Speaker 1: planned event fits his political mandate. He'll probably it another
• 32:00
  Speaker 1: go and fun fact into reporting on this one. Thanks
• 32:05
  Speaker 1: to the Sun, there are an estimated one and twenty
• 32:08
  Speaker 1: eight thousand swingers in Germany. What's wrong with German people?
• 32:13
  Speaker 1: Good question, just Trecker, thank you for that. One woman
• 32:16
  Speaker 1: dad after falling off a golf cart in Surfside Beach, California.
• 32:23
  Speaker 1: Deputy coroner Tamara Willard identified the woman as forty seven
• 32:26
  Speaker 1: year old Amanda Elm. She's from Myrtle Beach. She said.
• 32:29
  Speaker 1: Elm died to the hospital a quarter after seven pm
• 32:31
  Speaker 1: from injuries suffering after falling off a golf car traveling
• 32:34
  Speaker 1: near Highway seventeen that under investigation. No drugs or alcohol
• 32:39
  Speaker 1: mentioned to that not a whole lot of details. Either
• 32:42
  Speaker 1: let's pivot or we go to India. Teenager and his
• 32:44
  Speaker 1: parents plural died Friday when they fell off a cliff
• 32:48
  Speaker 1: in India after an argument over payments for an iPhone?
• 32:53
  Speaker 1: What work with you on an A nineteen year old
• 32:57
  Speaker 1: Kunal Changudi, apparently arguing with his mom and dad about
• 33:01
  Speaker 1: payments for the cell phone, he decided to walk up
• 33:04
  Speaker 1: a hill in this unpronounceable area. Trust me, it's unpronounceable.
• 33:10
  Speaker 1: A couple of consonants in multiple consonants in a row
• 33:12
  Speaker 1: on that anyway, trust me on that one. It's a
• 33:14
  Speaker 1: mountainous area in India. Father, mother identified well just not
• 33:19
  Speaker 1: by their name, went after the son as he's stood
• 33:22
  Speaker 1: on the edge of a cliff threatening to jump. Court
• 33:25
  Speaker 1: of video footage there is some man who reportedly was
• 33:28
  Speaker 1: the father. I'm sorry the son. The young kid nineteen
• 33:32
  Speaker 1: year old stood dangerously close to the edge while facing
• 33:35
  Speaker 1: people nearby, and this went on for hours. First responder
• 33:37
  Speaker 1: tried to convince him to step away from the cliff
• 33:39
  Speaker 1: go home with his family, but it's when his father
• 33:42
  Speaker 1: moved closer to him to try to pull him away,
• 33:45
  Speaker 1: they lost their balance and went over the cliff father
• 33:49
  Speaker 1: and son. Sadly, the young man's mother reportedly jumped to
• 33:54
  Speaker 1: her death after seeing what happened to her husband and
• 33:57
  Speaker 1: their son. Do what that hell? Law enforcement officers recover
• 34:02
  Speaker 1: The body's witness told reporters the young men's parents try
• 34:04
  Speaker 1: to make their son move away from the cliff, but
• 34:06
  Speaker 1: he refused to listen. A single overdue payment is the
• 34:13
  Speaker 1: reason for this alleged confrontation. Wow, let's see here. Oh yeah,
• 34:25
  Speaker 1: is anybody else of the mind that all this nonsense
• 34:28
  Speaker 1: going on over the WNBA about men playing basketball and
• 34:31
  Speaker 1: the troubles with regard to the teammates and their varying
• 34:36
  Speaker 1: positions on men playing in women's basketball. I think it's
• 34:40
  Speaker 1: designed to just boost ratings. Joe, are you with me
• 34:42
  Speaker 1: on that this all a scam? Are we being played? Probably? Yeah,
• 34:47
  Speaker 1: anybody's guess, But it's bizarre and back this year. I
• 34:50
  Speaker 1: guess it started last year. It's become a time honor tradition.
• 34:55
  Speaker 1: During Chicago Skuy's home game against Golden State, multiple sex
• 35:00
  Speaker 1: toys were thrown on the court. This is two nights
• 35:02
  Speaker 1: in a row, two nights in a row during the
• 35:08
  Speaker 1: WNBA games. Incident happened to the third quarter dead stop
• 35:15
  Speaker 1: the game while the arena personnel remove items from the court,
• 35:18
  Speaker 1: probably a rubber gloved arena personnel presumably wearing masks. Similar
• 35:25
  Speaker 1: incidents last season in Atlanta, New York, and Los Angeles.
• 35:29
  Speaker 1: Some of those incidents resulted interest. So I guess it's
• 35:33
  Speaker 1: a new thing bring your sex toy to throw on
• 35:36
  Speaker 1: the WNBA court as tradition. Yeah, better than the brown challenge,
• 35:42
  Speaker 1: which I may get to in the next hour. You know,
• 35:44
  Speaker 1: these viral things, this one talk about illustrative of the
• 35:49
  Speaker 1: de evolution of society. I can't even get over that
• 35:52
  Speaker 1: I read that, because, of course I still have bile
• 35:54
  Speaker 1: in the back of my throat having read the article
• 35:56
  Speaker 1: about the brown challenge. Use your imagination doesn't take much
• 36:00
  Speaker 1: as a way to shut down public swimming pools. Man,
• 36:03
  Speaker 1: Maybe we can get to that. Maybe not. I don't
• 36:05
  Speaker 1: go away. Lots to talk about, including is Iran caving
• 36:10
  Speaker 1: under the weight of economic sanctions. I suppose it depends
• 36:13
  Speaker 1: on who you talk to. Be right back America three
• 36:19
  Speaker 1: at two fifty on fifty five cars stock station to
• 36:26
  Speaker 1: shy A six six at fifty five KR. See he
• 36:28
  Speaker 1: talks station. Very happy Monday to you. My name's Brian Thomas.
• 36:31
  Speaker 1: Has to fifty five Carency Morning Shop. I was like
• 36:33
  Speaker 1: four to mondays because we get to hear from Christopher
• 36:35
  Speaker 1: Smith and former Bias, mayor of the City of Cincinnati.
• 36:37
  Speaker 1: He'll be on at seven to twenty, as is always
• 36:38
  Speaker 1: the case, and something suggests to me giving the local
• 36:41
  Speaker 1: stories this morning. May have a comment or two about
• 36:43
  Speaker 1: violence downtown. He typically does. But he also has that
• 36:46
  Speaker 1: big Vive Ramaswami meeting. Ramaswami for Governor got to take
• 36:49
  Speaker 1: place at Jim and Jackson the River. Get the details
• 36:51
  Speaker 1: on that and how you can get tickets and you
• 36:53
  Speaker 1: must have one anyway. That's coming up at seven twenty,
• 36:56
  Speaker 1: followed by Money Money with Brian James. Yes, the national
• 36:58
  Speaker 1: debt is finally forty trillion dollars. Can see it coming
• 37:00
  Speaker 1: nine million miles away, and since we're here, people are
• 37:03
  Speaker 1: now starting to pay attention to it, so we'll hear
• 37:06
  Speaker 1: what Brian James has to say about that. Should you
• 37:09
  Speaker 1: get an Index universal life insurance policy, he'll answer that question.
• 37:13
  Speaker 1: Plus more people are using AI for financial advice. Is
• 37:17
  Speaker 1: that a good step or not? Todd Sheets, he's an
• 37:20
  Speaker 1: economist and author, wrote an op ed piece, Yes we
• 37:22
  Speaker 1: have no free burritos today. Todd's going to join the
• 37:24
  Speaker 1: program at eight forty. You can feel free to join
• 37:26
  Speaker 1: the program anytime. Just give me a call five one three,
• 37:28
  Speaker 1: seven four nine to fifty five hundred, eight hundred eight
• 37:30
  Speaker 1: two three talk pound five fifty on AT and T
• 37:32
  Speaker 1: phones and anticipation of Christopher Smith and maybe commenting about
• 37:35
  Speaker 1: crime in downtown. I looked up and every once in
• 37:38
  Speaker 1: a while, you know what happens from time to time,
• 37:39
  Speaker 1: there'll be a breaking story going on while the morning
• 37:41
  Speaker 1: show's taking place, and Joe Strekker will see it because
• 37:44
  Speaker 1: he's constantly monitoring local news during the program. While I'm
• 37:47
  Speaker 1: blabbering on right, I got another one. There's a link
• 37:50
  Speaker 1: and I click on it and there's a report of
• 37:53
  Speaker 1: a shooting right near University Sincinna campus. I said, Joe,
• 37:58
  Speaker 1: you already sent me that you printed that out in
• 37:59
  Speaker 1: the local stories are over this morning? Gives Nope, look
• 38:02
  Speaker 1: at it closer. So the one I had my local
• 38:04
  Speaker 1: stories this morning, the from wlwt's Kurt Canoey. One hospitalized
• 38:11
  Speaker 1: after shooting breaks out overnight near UC's campus, and the
• 38:15
  Speaker 1: article releads happened three am Sunday near the intersection of
• 38:18
  Speaker 1: Moreland Avenue Lion Street, Clifton Heights. Police showed up there
• 38:21
  Speaker 1: investigating the shooting, non life threatening injury. One person was
• 38:24
  Speaker 1: taking a UC medical center. No information about possible suspect,
• 38:29
  Speaker 1: although local news there on site saw a person at
• 38:32
  Speaker 1: the scene in the back of a police cruiser who
• 38:34
  Speaker 1: was taken into custody. So waiting for additional details on that.
• 38:37
  Speaker 1: So like, no read the one I just sent you
• 38:40
  Speaker 1: a little bit closer closer, says Joe, And sure enough
• 38:42
  Speaker 1: it was this morning, same kind of scenario. Shots fired
• 38:46
  Speaker 1: near University of Cincinnati. Today's the first day of classes
• 38:48
  Speaker 1: that you see and you've already got shootings right there.
• 38:54
  Speaker 1: Police are probably still on the scene. This just was
• 38:56
  Speaker 1: reported beginning at five point thirty this morning intersection of
• 38:59
  Speaker 1: Jefferson Street in Calhoun. Victim with a gunshot wound in
• 39:03
  Speaker 1: this case self transported a Good Samaritan hospital. I guess
• 39:06
  Speaker 1: he didn't want to wait around the waiting room for
• 39:07
  Speaker 1: ten or twelve hours, right Joe victim is expected to
• 39:13
  Speaker 1: survive well. I appreciate Choic Keith of Channel five chiming
• 39:19
  Speaker 1: in on this particular out a news story concluding with
• 39:22
  Speaker 1: are you ready you see? His public safety department one
• 39:25
  Speaker 1: of seven agencies statewide to receive accreditation this month for
• 39:29
  Speaker 1: meeting or surpassing standards on issues like bias free policing,
• 39:34
  Speaker 1: crisis intervention, and community engagement. Okay, you might we get
• 39:40
  Speaker 1: that word out to everybody else in the surrounding area
• 39:42
  Speaker 1: who'd be inclined to start using firearms and shooting people.
• 39:46
  Speaker 1: You know. Another local story didn't get to previously. A
• 39:48
  Speaker 1: fourteen year old has been charged after a shooting on
• 39:52
  Speaker 1: Friday in Coraine Township that hospitalized the man with serious injuries. Crab,
• 39:56
  Speaker 1: We've got a fourteen year old out there with a gun.
• 40:00
  Speaker 1: Happen on Nandale Drive and Rocker Drive. Nine thirty in
• 40:04
  Speaker 1: the morning. Man showed up at Mercy West Hospital in
• 40:10
  Speaker 1: Green Township with multiple gunshot wounds, according to police. Victim taken
• 40:12
  Speaker 1: to the hospital buying a fourteen year old family member,
• 40:15
  Speaker 1: who police say was later identified as the suspect team
• 40:18
  Speaker 1: charge of Florias assault, tampering without ands arrested and taking
• 40:21
  Speaker 1: to the Hammond County Juvenile Court Youth Center. Hey Joe,
• 40:23
  Speaker 1: they're using it for someone for a change. That's the
• 40:27
  Speaker 1: first I think, isn't it? Five one, three, seven nine
• 40:32
  Speaker 1: fifty five hundred, eight hundred and eight two three dog
• 40:35
  Speaker 1: pound fact fifty on AT and T funds. Yeah, the
• 40:37
  Speaker 1: Iranians having a bit of a problem on their hands. Now.
• 40:40
  Speaker 1: I don't know, I personally have no way of knowing
• 40:43
  Speaker 1: what the status is. But you get conflicting reports and
• 40:45
  Speaker 1: we have you welcome to the fog of war. Uh we.
• 40:49
  Speaker 1: There are a lot of reports that we're getting more
• 40:51
  Speaker 1: oil tankers through the Strait of Horror moves on the
• 40:53
  Speaker 1: Oman side. Nearly two hundred vessels went through last week,
• 40:56
  Speaker 1: according to widespread news reports. That's data from the UK
• 40:59
  Speaker 1: Maritime Trade Operations Center, coupled with satellite data, coupled with
• 41:04
  Speaker 1: maritime analyst Kepler chiming in on the subject. Four hundred
• 41:07
  Speaker 1: percent spike in the last couple of weeks at least
• 41:10
  Speaker 1: in terms of oil coming out of the Gulf, and
• 41:12
  Speaker 1: of course all of it aided by US Navy escorts.
• 41:16
  Speaker 1: So we've got their ports clothes. The running ports are
• 41:18
  Speaker 1: closed we our ships are ferrying through these oil tankers,
• 41:23
  Speaker 1: not near the levels of the pre war not near
• 41:27
  Speaker 1: pre war levels, but you know, a fifty percent imcre
• 41:30
  Speaker 1: improvement at least. But noted note that it's aided by
• 41:34
  Speaker 1: US Navy escorts. So this comes at a significant taxpayer
• 41:40
  Speaker 1: costs getting the world's oil tankers through. And granted, I
• 41:43
  Speaker 1: will admit we need them. It's a global commodity and
• 41:47
  Speaker 1: most notably gasoline, airline airplane fuel and a diesel fuel.
• 41:53
  Speaker 1: Our oil is as oil independent as we might be.
• 41:56
  Speaker 1: It's not the kind of oil that makes diesel fuel
• 41:59
  Speaker 1: and gas very easily. We need that kind of stuff
• 42:01
  Speaker 1: from elsewhere. It's a different sort of oil makeup. So
• 42:05
  Speaker 1: we need to get all of this going. But remember
• 42:06
  Speaker 1: we are the ones that are paying for the Faryan
• 42:09
  Speaker 1: cost to get it through the Strait of hor Moves.
• 42:11
  Speaker 1: And some people may scream at the radio going, well,
• 42:12
  Speaker 1: it's our damn fault that we need to ferry him through,
• 42:14
  Speaker 1: because we didn't have to do that before the war.
• 42:16
  Speaker 1: Point well taken Iran's own oil experts. While other countries
• 42:22
  Speaker 1: oil is coming through, apparently not Iranian oil that's dropped
• 42:25
  Speaker 1: to near zero because of the blockade, and there's been
• 42:30
  Speaker 1: little to no activity seen on Iran's carg Island, the
• 42:33
  Speaker 1: key to Iranian production and getting the Iranian oil out
• 42:36
  Speaker 1: of the country and out into the global market. It's
• 42:38
  Speaker 1: not it's not doing anything. And there was an interesting
• 42:41
  Speaker 1: article and I'll refer you over to Fox News Effort
• 42:45
  Speaker 1: Latcher reporting she interviewed this oil expert and it's he
• 42:53
  Speaker 1: illustrated a problem that lot not a lot of us
• 42:55
  Speaker 1: are really paying attention to, although it was brought up
• 42:57
  Speaker 1: earlier when we started bombing. You know, it's gonna it
• 42:59
  Speaker 1: may take Iranians a long time to start production of
• 43:03
  Speaker 1: their oil again, to the extent we ever resolve the conflict.
• 43:06
  Speaker 1: And he puts some numbers in some details on it.
• 43:08
  Speaker 1: He called it a world changing event. Art Berman. He's
• 43:13
  Speaker 1: a petroleum geologist and energy consultant at four decades of
• 43:17
  Speaker 1: industry experience. Again, he's just one expert consultant on this.
• 43:20
  Speaker 1: But the bigger story and more important when long term,
• 43:23
  Speaker 1: is that eight million barrels of Persian Gulf production is
• 43:25
  Speaker 1: currently shut in and world production is down about ten
• 43:28
  Speaker 1: million barrels. Now, you can start that flow back up again,
• 43:31
  Speaker 1: but the problem is can you get all of the
• 43:33
  Speaker 1: Iranian oil back online needed to bring the global supply
• 43:38
  Speaker 1: problem down, And it's very complicated. It could take weeks
• 43:43
  Speaker 1: or months if you flip the switch today, he pointed out,
• 43:46
  Speaker 1: we're talking weeks, months, maybe a year. And some of
• 43:48
  Speaker 1: the oil rolls may never go back to production either.
• 43:54
  Speaker 1: That's exactly what he said. Some of the production will
• 43:56
  Speaker 1: never come back. And in fact, the oil mark and
• 44:00
  Speaker 1: refined products market is global. Going back to my point
• 44:02
  Speaker 1: about American oil, we had all the refiners in the world,
• 44:05
  Speaker 1: but we are only generating using our own oil production.
• 44:09
  Speaker 1: Very complicated, far more expensive. It's just the wrong kind
• 44:11
  Speaker 1: of oil, which is exactly why we're feeling the pain
• 44:14
  Speaker 1: we feel right now. And his overall point, I believe
• 44:16
  Speaker 1: is really you know, don't expect it to go away
• 44:19
  Speaker 1: anytime soon. But flipping back over to the Ridians and
• 44:23
  Speaker 1: their economic problems, so pointing out there's no economic relief
• 44:26
  Speaker 1: in sight for the Iranians. More and more people are
• 44:28
  Speaker 1: piling on the Iranians. Although the Iranians are threatening any
• 44:31
  Speaker 1: country who refuses to do big business with them with
• 44:34
  Speaker 1: I suppose military strikes, there are some cooler heads over
• 44:38
  Speaker 1: in the Iranian government who are suggesting, well, you know what,
• 44:41
  Speaker 1: our economy is so bad we can't rely on our
• 44:44
  Speaker 1: military might. And parenthetically speaking, how with the crappy economy
• 44:47
  Speaker 1: and no money coming in and run away inflation with
• 44:50
  Speaker 1: our own currency, how are we going to afford to
• 44:52
  Speaker 1: buy more weapons to keep the evil United States had
• 44:56
  Speaker 1: been keep the straight of horror moves closed with our
• 44:58
  Speaker 1: drone strikes motion. Raazi he is the Iran security tief.
• 45:04
  Speaker 1: He's one of the hard liners. Any country that becomes
• 45:07
  Speaker 1: a partner in creating economic restriction against US will be
• 45:09
  Speaker 1: regarded by US as an enemy. Well, that's one side
• 45:14
  Speaker 1: of the problem with the Iranians. They have hardliners like
• 45:16
  Speaker 1: the Islamic Revolutionary Guard maintaining that their citizen can withstand
• 45:20
  Speaker 1: this economic hardship, which gets worse and worse every day. However,
• 45:25
  Speaker 1: Iranian President masub Preskian had a different take on this one,
• 45:30
  Speaker 1: and I'm surprised that this guy can come out loud
• 45:32
  Speaker 1: and say this in the face of the oppressive regime
• 45:35
  Speaker 1: that he is part of. Anyway, the president repeatedly warning
• 45:38
  Speaker 1: that mounting economic pressure on Tehran is actually taking a
• 45:41
  Speaker 1: coal taking a toll. Now, while he said we can't
• 45:47
  Speaker 1: be backing down before the enemy. I'm not quite sure
• 45:51
  Speaker 1: what to make of his statement to that end, he said,
• 45:54
  Speaker 1: the one must come to an end at some point.
• 45:56
  Speaker 1: It is better that we demonstrate our strength and dignity
• 45:59
  Speaker 1: today and tell the world that we have won and
• 46:03
  Speaker 1: that we are ending the war. See if it makes
• 46:06
  Speaker 1: sense that what does that mean? Pivoting over? This is
• 46:10
  Speaker 1: the guy I was talking about, the Iranian parliamentary speaker,
• 46:13
  Speaker 1: Mohammad Bagger Gallabath. He's the one that paints a bleak
• 46:18
  Speaker 1: picture for the Iranians on this again, saying these words
• 46:21
  Speaker 1: out loud. I don't know. Quote, no matter how much
• 46:24
  Speaker 1: military power we have, if our people are struggling and
• 46:26
  Speaker 1: the economy lacks financial circulation and economic growth, we will
• 46:31
  Speaker 1: not achieve progress. As someone who has experienced for I
• 46:34
  Speaker 1: understand the true value of peace.
• 46:37
  Speaker 4: Huh.
• 46:39
  Speaker 1: He kind of went a little bit more in other statements.
• 46:43
  Speaker 1: No matter how strong our military power becomes, if we
• 46:46
  Speaker 1: are hungry, we will not be able to endure. Said
• 46:52
  Speaker 1: military power cannot be separated from economic strength, talking about
• 46:55
  Speaker 1: their security and the economy as two wings that depend
• 46:58
  Speaker 1: on one another. Without security, that investors will not risk
• 47:01
  Speaker 1: their capital, the world won't do business with them. They're
• 47:04
  Speaker 1: a little dicey proposition, if you know what I mean.
• 47:07
  Speaker 1: But without economic growth, he said, domestic production and sufficient
• 47:11
  Speaker 1: income for ordinary citizens, the government cannot sustain security indefinitely.
• 47:16
  Speaker 1: No money, no weapons. We are hungry. We cannot survive.
• 47:27
  Speaker 1: Some of people's interpretation of his pronouncements on the situation there.
• 47:32
  Speaker 1: Can we outlast them? Can they outlast us? And I
• 47:35
  Speaker 1: do believe I was a betting man that they can
• 47:37
  Speaker 1: outlast us insofar as at least up until the November
• 47:40
  Speaker 1: election six seventeen. Right now, if you about car, see
• 47:42
  Speaker 1: the talk station pain. Nobody wants pain, and some people
• 47:45
  Speaker 1: are living with pain day in and day out from
• 47:46
  Speaker 1: the moment you hit the floor. Carc the talk station
• 47:48
  Speaker 1: and one are from now Christopher Smith Aman with the
• 47:51
  Speaker 1: Smith Event. Apparently he's listening, and good morning, Christopher Smith Ament.
• 47:54
  Speaker 1: Go to the puhones. We'll see what Bobby's got this morning. Bobby,
• 47:56
  Speaker 1: thanks for coning, and a happy Monday to you.
• 48:00
  Speaker 9: Monday, my friends, fat flag fa family and whatever you do,
• 48:04
  Speaker 9: stay vigilant out there.
• 48:06
  Speaker 1: Frosty dangerous community. Say Frosty, you were you were it
• 48:11
  Speaker 1: was You're over and under. It was under, I believe
• 48:13
  Speaker 1: was the tally for the the criminal activity between Friday
• 48:16
  Speaker 1: and Sunday.
• 48:18
  Speaker 9: Well, it's hard to keep up with it when they
• 48:20
  Speaker 9: don't give you the proper information that we had, you know,
• 48:25
  Speaker 9: cup Wing, Chlorine and Claremont, and you had uh raullified
• 48:30
  Speaker 9: after the Princeton game and you got to yeah, you see,
• 48:34
  Speaker 9: I mean I can keep going on and all.
• 48:36
  Speaker 1: Well that's true, But you know, Bobby, the geographical parameters
• 48:40
  Speaker 1: of your over and under I think need to be established,
• 48:42
  Speaker 1: because you just talked about areas outside of the Greater
• 48:45
  Speaker 1: Cincinnati area. So I don't know where the where where
• 48:48
  Speaker 1: the crime happens that that applies to the over and under.
• 48:50
  Speaker 1: But I know it's well, you're just having fun with
• 48:54
  Speaker 1: the greater problem we have in the Greater Cincinnario, which
• 48:56
  Speaker 1: is crime. But you know, I'm just having fun with you.
• 48:59
  Speaker 9: We can go ahead, just keep it within the city limits.
• 49:03
  Speaker 9: You said, Cincinnati always wants to go ahead and take
• 49:07
  Speaker 9: credit for everybody outside of the borders. They always say
• 49:10
  Speaker 9: all the greater Cincinnati area. Help Look at all the
• 49:13
  Speaker 9: people up there at the Tennis outlet, I mean, beautiful people,
• 49:18
  Speaker 9: wonderful time. Had a great time. Did you see trouble
• 49:21
  Speaker 9: up there?
• 49:22
  Speaker 1: No, not a bit you.
• 49:23
  Speaker 9: See trouble with Mike called Sack. No, but it's down
• 49:26
  Speaker 9: in the Cincinnati and the immediate area. People need to
• 49:29
  Speaker 9: be vigilant. If they're not vigilant, they'll be statistics. I'm
• 49:33
  Speaker 9: worried about what goes on in my neighborhood, not five
• 49:37
  Speaker 9: oceans away, and when they bring their ass over here,
• 49:40
  Speaker 9: they'll get what's coming to them.
• 49:41
  Speaker 4: There you go, Bobby, I mean and simple.
• 49:44
  Speaker 1: Bobby has issued a threat. If anyone's coming to Bobby's neighborhood,
• 49:49
  Speaker 1: you better be prepared, Bobby. Appreciate your attitude, as I
• 49:52
  Speaker 1: always do. Anyhow, five on three seven nine fifty hundred
• 49:56
  Speaker 1: eighty two three taco a Town five fifty on eight
• 49:58
  Speaker 1: and t Funds got more about the Iranians aren't done
• 50:01
  Speaker 1: yet though, And I have a broader concern along the
• 50:03
  Speaker 1: line to tech Fuddy's Dave Hatter, because you know, in
• 50:06
  Speaker 1: a ever shrinking world, you don't need to be geographically
• 50:09
  Speaker 1: close to your enemy, do you No, Yes, they have
• 50:13
  Speaker 1: drones and they're limited distance. They can't launch a drone
• 50:15
  Speaker 1: strike against the Greater United States of America, can they?
• 50:18
  Speaker 2: Now?
• 50:18
  Speaker 1: There are bases and American assets that are closer by,
• 50:21
  Speaker 1: and of course they've attacked them. But how do you
• 50:23
  Speaker 1: get the United States of America right? You go after
• 50:27
  Speaker 1: softer targets, and we've seen that there was a coordinated attempt. Now,
• 50:31
  Speaker 1: you remember we talked about last week. You probably read
• 50:33
  Speaker 1: about it. Twelve water facilities in the United States were
• 50:36
  Speaker 1: hit last week. But you know what else happened just
• 50:39
  Speaker 1: reported at the same time, and again some are suggesting
• 50:42
  Speaker 1: it was coordinated. The Iranians shut down a power plant
• 50:45
  Speaker 1: in the United Kingdom. Huh. So, you know, as if
• 50:51
  Speaker 1: we have a bit of a cold war scenario. You know,
• 50:53
  Speaker 1: there's twenty four to seven propaganda thrown out on social
• 50:57
  Speaker 1: media to impact our children, influence hearts and minds, you know,
• 51:01
  Speaker 1: foster the debate that socialism actually works, so constant online
• 51:05
  Speaker 1: propaganda campaigns coming from the four corners of the world.
• 51:11
  Speaker 1: You have global financial warfare going on thanks to the Internet,
• 51:16
  Speaker 1: with money being stolen through a bunch of nefarious criminal enterprises,
• 51:19
  Speaker 1: but also hackers hacking into systems and stealing intellectual property
• 51:24
  Speaker 1: and breaking havoc on American businesses. Generally speaking, we've got
• 51:28
  Speaker 1: our infrastructure being hacked great illustrations of it within the
• 51:31
  Speaker 1: past week, and I got to say, you know, if
• 51:35
  Speaker 1: we're at war with someone, these are fair game targets
• 51:39
  Speaker 1: and heating Dave Hatter's advice, as he gives us every Friday,
• 51:43
  Speaker 1: we need to get our butts in gear on this.
• 51:46
  Speaker 1: If the UR audience can hack into a bunch of infrastructure,
• 51:49
  Speaker 1: a bunch of water and power plants, that represents a
• 51:53
  Speaker 1: threat that I believe is bigger than ones that are
• 51:56
  Speaker 1: represented by kinnectic attacks like drone strikes. Picture a world,
• 52:01
  Speaker 1: even for several days, where there is no electricity, meaning
• 52:04
  Speaker 1: there is no water running, no probably no gas coming
• 52:06
  Speaker 1: into your home. You can't access your money through your
• 52:10
  Speaker 1: financially through your smartphone that's not working anymore either. I mean,
• 52:14
  Speaker 1: the challenges are unbelievable, incalculable, devastating. Might I interject six
• 52:20
  Speaker 1: twenty six right now fifty five KRCD talk station and
• 52:23
  Speaker 1: Bobby Stamons station six thirty one fifty five KRCD talk
• 52:27
  Speaker 1: station run times with local stories sitting here, opportunity to
• 52:32
  Speaker 1: call if you'd like five one, three, seven, four, nine
• 52:34
  Speaker 1: fifty five, eight hundred eight two three talk remember fifty
• 52:36
  Speaker 1: five KRC dot iHeart dot com to get your podcasts
• 52:39
  Speaker 1: when you can't listen live like Jack windsor for example,
• 52:42
  Speaker 1: Oh look, since Christopher's coming up in a little less
• 52:44
  Speaker 1: than an hour to talk with you, to do the
• 52:45
  Speaker 1: Smith event. We've got the petition to keep the city
• 52:49
  Speaker 1: council from doing stupid things like firing chiefs of police
• 52:51
  Speaker 1: and fire chiefs without cause, leading to multimillion dollar litigation. Right, congratulations,
• 52:57
  Speaker 1: Chief Washington, who's probably up for a big pay day
• 53:00
  Speaker 1: coming up soon, followed by Chief Fiji. Now, if you
• 53:02
  Speaker 1: sign a petition that will give you, as a voter
• 53:04
  Speaker 1: in the City of Cincinnati, an opportunity to vote if
• 53:08
  Speaker 1: it makes the ballot on requiring city council members to
• 53:12
  Speaker 1: approve or approve hiring and firing of chiefs of police
• 53:15
  Speaker 1: and fire chiefs. More eyes on the situation, more questions
• 53:19
  Speaker 1: being asked. It would have saved the City of Cincinnati
• 53:23
  Speaker 1: all kinds of problems brought to them by Cheryl Long's
• 53:25
  Speaker 1: decision to unilaterally fire those two people. Anyway, more local
• 53:29
  Speaker 1: stories here. We got the Claremont County Sheriff's office who
• 53:31
  Speaker 1: said that saying three men had been charged after a
• 53:35
  Speaker 1: road rage incident that ended with shots fired in Batavia.
• 53:40
  Speaker 1: Driver called in said a BMW flashed his headlights out
• 53:44
  Speaker 1: of about three point thirty in the morning on Cloff Pike.
• 53:47
  Speaker 1: Caller thought he recognized the beamer, so he followed it
• 53:51
  Speaker 1: to an area near Breckinridge Drive, where the driver then
• 53:54
  Speaker 1: the driver of the BMW and we waved a gun.
• 53:57
  Speaker 1: Suspect followed the car court of the release adult deputies
• 54:02
  Speaker 1: that several shots were fired at his vehicle. Neither the
• 54:05
  Speaker 1: caller nor the other people in the vehicle in his
• 54:08
  Speaker 1: vehicle were hurt. Tarriff's office said deputies found the suspect
• 54:11
  Speaker 1: vehicle hidden behind a home and Breckenridge Drive. Nobody answered
• 54:14
  Speaker 1: the door there, so deputies in the SWAT team set
• 54:16
  Speaker 1: up a perimeter. Triff's office said within minutes of the
• 54:20
  Speaker 1: SWAT team showing up, the people inside the home walked
• 54:22
  Speaker 1: outside and were taking into custody without incident. A warrant
• 54:26
  Speaker 1: was executed and everybody was interviewed. David lunch For nineteen
• 54:32
  Speaker 1: years old, and davy On Stillwell, eighteen, along with eighteen
• 54:35
  Speaker 1: year old Eric Davis, all made statements to detectives and
• 54:38
  Speaker 1: admitted involvement in the road rage incident, lunch for A.
• 54:42
  Speaker 1: Davis charged with four counts of flowious assaults. Stillwell charged
• 54:45
  Speaker 1: with one kind of obstructing justice. Three men being held
• 54:48
  Speaker 1: without bond. Oh, it's Claremont County Municipal Court. That's why
• 54:53
  Speaker 1: Phil is Hamilton County. You know what the answer to
• 54:54
  Speaker 1: that question would be, right, and you knew anybody if
• 55:02
  Speaker 1: I was a betting man out to put a big
• 55:04
  Speaker 1: bet on this one in advance of a fight brying
• 55:06
  Speaker 1: out breaking out outside of pay Court Stadium after the
• 55:08
  Speaker 1: high school football game between Princeton and Mohler and on
• 55:14
  Speaker 1: County Sheriff's office and taking a look at this one
• 55:16
  Speaker 1: large group of people court of the video shown fighting
• 55:19
  Speaker 1: outside pay Corpse Stadium. At the outside of the video,
• 55:23
  Speaker 1: one person appears to be a juveniles on the ground
• 55:25
  Speaker 1: surrounded by other teens. The one on the ground being punched,
• 55:29
  Speaker 1: kicked and stomped that kid as he stood up, apparently
• 55:35
  Speaker 1: led to another individual running up and punching him. Victim
• 55:38
  Speaker 1: fell down to the ground and then lay motionless while
• 55:41
  Speaker 1: another person is shown coming up and kicking the down victim.
• 55:45
  Speaker 1: Group seen throwing punches and kicks then dispersed and of
• 55:51
  Speaker 1: course shocking no one. People in the video can be
• 55:57
  Speaker 1: seen with their phones out videotaping the victim on the ground.
• 56:04
  Speaker 1: Deputies from the Hamon County Sheriff's Office and Sheriff's Office
• 56:07
  Speaker 1: and send me a police were all at the game,
• 56:09
  Speaker 1: along with the best security that's a company. Law enforcement
• 56:14
  Speaker 1: can be seen running towards the victim about twenty seconds
• 56:16
  Speaker 1: into the video. It's unknown who the individuals involved in
• 56:19
  Speaker 1: the fight are, and of course Princeton said none of
• 56:22
  Speaker 1: their students were involved. I think Molar said the same thing. Yeah,
• 56:28
  Speaker 1: so Molar kids weren't involved, say the Molar officials. Princeton
• 56:31
  Speaker 1: officials say their kids weren't involved. Hammon County Sheriff's Office
• 56:34
  Speaker 1: confirmed and investigations going on, stating that no juveniles involved
• 56:38
  Speaker 1: have been detained because they fled the scene. So I
• 56:40
  Speaker 1: guess no one knows then, now do they? Six forty
• 56:43
  Speaker 1: six fifty five K see the talk station Treehouse. Sergeant
• 56:48
  Speaker 1: Greg talks Station sixty on a Monday, and a happy
• 56:52
  Speaker 1: one to you five one three seven nine eight hundred
• 56:55
  Speaker 1: eight two three talk time pay fifty one eighteen and
• 56:57
  Speaker 1: t punk straight to the phones. We go see what
• 57:00
  Speaker 1: it's got This Morning, Brandon, Welcome to the Morning Show
• 57:01
  Speaker 1: and happy Monday.
• 57:03
  Speaker 4: Yeah, Hey, Brian, how are you doing well? Man?
• 57:05
  Speaker 1: I hope you consider the name.
• 57:08
  Speaker 2: Yeah.
• 57:08
  Speaker 8: I just wanted to say I really appreciate the work
• 57:10
  Speaker 8: you do on the radio, and I wanted to ask
• 57:13
  Speaker 8: you a question like, do you think that it's worthwhile
• 57:16
  Speaker 8: like trying to talk to people on the left or
• 57:21
  Speaker 8: do you think it's just like kind of pointless and hopeless.
• 57:25
  Speaker 10: No.
• 57:25
  Speaker 1: I don't think it's pointless and hopeless. I mean I
• 57:27
  Speaker 1: think it would, in a certain degree be valueless for
• 57:29
  Speaker 1: me to be here trying to win over hearts and
• 57:31
  Speaker 1: minds on logic and reason and you know, dollars and
• 57:33
  Speaker 1: cents reality of things are going on in the world.
• 57:35
  Speaker 1: But I suppose it depends on who you're talking to. Now,
• 57:38
  Speaker 1: if you are and I'm gonna go ahead and stereotype
• 57:40
  Speaker 1: and broadbrush, which I always criticize people for and I
• 57:42
  Speaker 1: am had. Now, if you're walking and talking to say
• 57:45
  Speaker 1: a rather ro ton mortally ob some might say blue
• 57:48
  Speaker 1: haired woman with the nose ring who's got a sign
• 57:51
  Speaker 1: that says, you know, men suck or something like that.
• 57:53
  Speaker 1: I'm gonna tell you probably wasting your time Brandon, but
• 57:57
  Speaker 1: your neighbor, your person down the street, someone that's got
• 58:00
  Speaker 1: a shared brown sign in the front yard. As long
• 58:02
  Speaker 1: as you're on reasonably decent terms, you can enter into
• 58:05
  Speaker 1: and I think it's a valuable conversation to have, you know,
• 58:10
  Speaker 1: go back and look at a list of Finley's article
• 58:12
  Speaker 1: this morning that I mentioned about the dollars and cents
• 58:14
  Speaker 1: reality of what they're trying to do. It doesn't add up.
• 58:18
  Speaker 1: Their proposals to pay for new stuff and things ignore
• 58:22
  Speaker 1: the existential reality the forty trillion dollar debt, modern monetary theory.
• 58:26
  Speaker 1: You can walk through that with them. Like I mentioned
• 58:28
  Speaker 1: this morning, you can't print yourself into success. If it
• 58:32
  Speaker 1: was that simple, it would have been done in a
• 58:34
  Speaker 1: million different countries around this world. Many other countries have
• 58:38
  Speaker 1: tried to do that. Zimbabwe, Weimar Republic, I think Venezuela
• 58:41
  Speaker 1: to a certain degree. It just doesn't work. This is
• 58:45
  Speaker 1: what they're running on, Medicare for all. How many trillions
• 58:48
  Speaker 1: brand and trillions and trillions, thirty five trillion over ten years.
• 58:53
  Speaker 1: That's basically go ahead and double the national debt. Where
• 58:57
  Speaker 1: is this money coming from? And the taxation strategies that
• 59:00
  Speaker 1: the ilk that they're ilk proposed. You can take it all,
• 59:03
  Speaker 1: all of it, and it doesn't even scratch the surface,
• 59:06
  Speaker 1: and then there'll be nothing left for the following years
• 59:09
  Speaker 1: after you've done taking away all their money. You can't
• 59:11
  Speaker 1: deny the reality of what I'm saying here. They want
• 59:14
  Speaker 1: to deny it, but they can't. So yeah, I think
• 59:17
  Speaker 1: the conversation is worth having, and you may never get
• 59:20
  Speaker 1: them to say out loud I agree with you. Oh
• 59:22
  Speaker 1: I never looked at it that way, But at least
• 59:24
  Speaker 1: you might get them to think, you know, you put
• 59:27
  Speaker 1: but that see the doubt back in their mindlejustifiably so
• 59:32
  Speaker 1: seated out in the back of their mind. Let them
• 59:34
  Speaker 1: ponder it.
• 59:35
  Speaker 8: Yeah, I appreciate you saying that. I wanted to tell
• 59:38
  Speaker 8: you about this local organization that I'm working with. It's
• 59:40
  Speaker 8: called Braver Angels and has a mission of kind of
• 59:43
  Speaker 8: getting people together with different points of view to talk
• 59:46
  Speaker 8: to each other. I think it's a really, really great thing,
• 59:50
  Speaker 8: and the idea is just for people to talk and
• 59:52
  Speaker 8: like get to know each other as human beings and
• 59:57
  Speaker 8: try to understand the perspective of the other side. So
• 1:00:01
  Speaker 8: I just wanted to let you know this organization's good.
• 1:00:04
  Speaker 8: It's a nation organization would love to have like some
• 1:00:07
  Speaker 8: of your listeners like come out and join us or
• 1:00:09
  Speaker 8: some of our local events.
• 1:00:11
  Speaker 1: You got a website you can say out loud, Brandon, Yeah.
• 1:00:14
  Speaker 8: Like braver Angels dot org or Cincinnati dot braver Angels
• 1:00:18
  Speaker 8: dot org is our is our local website. So we
• 1:00:21
  Speaker 8: have a local alliance and then it's a national, nationwide
• 1:00:24
  Speaker 8: organization that works in this space.
• 1:00:26
  Speaker 1: Well, I'll tell you what you just told my listeners
• 1:00:28
  Speaker 1: about it. Maybe they'll be curious enough to check it out,
• 1:00:30
  Speaker 1: and I hope they do. You know, it's comes to
• 1:00:31
  Speaker 1: me like you're it's a little bit like what Americans
• 1:00:33
  Speaker 1: for Prosperity is doing. Now. I appreciate these sort of
• 1:00:36
  Speaker 1: politically neutral space you're creating for people can exchange ideas,
• 1:00:39
  Speaker 1: hopefully without name calling. Maybe you have a rule of
• 1:00:41
  Speaker 1: parliamentary procedure and no name calling, though you're not allowed
• 1:00:44
  Speaker 1: to do that here. But AFP is certainly working for
• 1:00:47
  Speaker 1: conservative political efforts here in the state of Ohio and elsewhere.
• 1:00:51
  Speaker 1: But they door knock. They talk about door knocking, and
• 1:00:53
  Speaker 1: Donovan and Neil from AFP has been on a multiple
• 1:00:55
  Speaker 1: times saying listen, you know when you go door to door,
• 1:00:58
  Speaker 1: you're not faced with the aforementioned broad brust person that
• 1:01:01
  Speaker 1: I'm that I mentioned. They're the rarity in the world.
• 1:01:04
  Speaker 1: Most people are not interested in getting into verbal screaming
• 1:01:08
  Speaker 1: matches and altercations. That's your paid frontline protesters. They've got
• 1:01:12
  Speaker 1: nothing better to do. They have a giant chip on
• 1:01:14
  Speaker 1: their shoulder, apparently a lot of free times, so they'll
• 1:01:16
  Speaker 1: show up at eventure Like, wait a second, if I
• 1:01:18
  Speaker 1: had extra free time, would I ever go there and protest? No,
• 1:01:22
  Speaker 1: that's what they do. So just look at them as
• 1:01:24
  Speaker 1: a small slice of the world. Squeaky wheel gets the grease.
• 1:01:28
  Speaker 1: And remember they tend to be great clickbait because the
• 1:01:32
  Speaker 1: minute you get a very large and tend to be small,
• 1:01:36
  Speaker 1: angry you know, college educated, blue haired, screaming liberal espousing
• 1:01:43
  Speaker 1: her well name calling philosophy pretty much all it is.
• 1:01:46
  Speaker 1: But they're political philosophy. It's going to get a lot
• 1:01:48
  Speaker 1: of clicks and a lot of people are going to
• 1:01:50
  Speaker 1: be drawn to it. And some of the broader, crazier
• 1:01:53
  Speaker 1: pronouncements from some of these left wing groups do get
• 1:01:55
  Speaker 1: a lot of quicks because most people are like, did
• 1:01:57
  Speaker 1: they really say that? It becomes the more common perception
• 1:02:01
  Speaker 1: of this is the point of view that prevails and
• 1:02:03
  Speaker 1: is the dominant one across all party lines. If you're
• 1:02:05
  Speaker 1: ever in that moment in time, just take a look
• 1:02:07
  Speaker 1: and see what the Democrats are dealing with themselves. You know,
• 1:02:09
  Speaker 1: you got your Chucky Schumer Democrats, and you've got your
• 1:02:11
  Speaker 1: AOC Democrats, and they are busy trying to not fight
• 1:02:14
  Speaker 1: amongst themselves, but they're fighting for the direction and future
• 1:02:17
  Speaker 1: of the party. It's not settled over there. The inmates
• 1:02:21
  Speaker 1: are not yet running the Democrat Party asylum, but they're
• 1:02:23
  Speaker 1: making some great inroads and doing it. I think more
• 1:02:26
  Speaker 1: people need to engage in thoughtful conversation, Brandon. Right, maybe
• 1:02:30
  Speaker 1: cooler heads will prevail and insane ideologies will be defeated
• 1:02:35
  Speaker 1: through debate and logic and reason. Six forty six. If
• 1:02:38
  Speaker 1: you have KCD talk station, Cure andcy the talk station
• 1:02:42
  Speaker 1: six f if you one. If you have Carcit talk station, Yeah, Brandon,
• 1:02:46
  Speaker 1: I give one of a multitude of our articles that
• 1:02:49
  Speaker 1: can serve your benefit when talking to someone who embraces this. Well,
• 1:02:51
  Speaker 1: we need just need medicare for all and the problem
• 1:02:53
  Speaker 1: we saw we just need, you know, filling the blank
• 1:02:55
  Speaker 1: with some other expensive program. We need to double down
• 1:02:58
  Speaker 1: on whatever. Just it's Alyssa Finley's article from yesterday's and
• 1:03:03
  Speaker 1: Wall Street Journal, AOC's create got three a's there, crazy
• 1:03:07
  Speaker 1: economic theory lives on and James one second here he's
• 1:03:10
  Speaker 1: on the phone. And of course when you realize, and
• 1:03:12
  Speaker 1: she spells out quite nicely, why you can't print yourself
• 1:03:15
  Speaker 1: in a prosperity and where all of this inflation came on?
• 1:03:18
  Speaker 1: Thank you Inflation Reduction Act, and all the money they
• 1:03:20
  Speaker 1: showered on us during COVID because they and their infinite
• 1:03:23
  Speaker 1: wisdom shut down businesses, requiring a need for them to
• 1:03:27
  Speaker 1: shower us with printed dollars. Create a problem, create a solution.
• 1:03:31
  Speaker 1: Welcome to forty trillion dollars in growing national debt. But
• 1:03:34
  Speaker 1: here's the dollars in cents reality. So if you can't
• 1:03:36
  Speaker 1: print yourself in a prosperity, what do you do? You
• 1:03:38
  Speaker 1: tax yourself? Right, tax them more taxes? Okay, five percent
• 1:03:42
  Speaker 1: annual wealth tax on billionaires. That's Bernie Sanders' idea. How
• 1:03:45
  Speaker 1: much money would that generate over one decade two point
• 1:03:48
  Speaker 1: three trillion, as much as what we are overspending this year.
• 1:03:54
  Speaker 1: So that would solve the overspending problem. Decades worth of
• 1:03:58
  Speaker 1: five percent annual wealth tax would solve one year's whole
• 1:04:04
  Speaker 1: DOUG pivoting over. If the government can confiscate all the
• 1:04:08
  Speaker 1: wealth of all the billionaires in America, it would raise
• 1:04:10
  Speaker 1: ready eight point four total trillion dollars. And that would
• 1:04:14
  Speaker 1: just take us back to Spring twenty twenty three levels
• 1:04:16
  Speaker 1: of debt eight point four trillion. And that would require
• 1:04:19
  Speaker 1: I believe, non liquid assets. So all of these evil billionaires,
• 1:04:24
  Speaker 1: you want to take everything away from to extent that theory,
• 1:04:27
  Speaker 1: every advance beyond just an idea, that's it. There would
• 1:04:34
  Speaker 1: be no more ill liquid assets. All the property would
• 1:04:38
  Speaker 1: have to be sold on. There's sports teams that they own,
• 1:04:40
  Speaker 1: right or wrong, would have to be sold, you know,
• 1:04:42
  Speaker 1: to cover the tax one n percent confiscatory tax. That's
• 1:04:45
  Speaker 1: what happens. But it's not enough money even if you
• 1:04:48
  Speaker 1: did it that way. Thirty four trillion dollars from medicare
• 1:04:52
  Speaker 1: for all courd to the CBO ten years worth thirty
• 1:04:55
  Speaker 1: four trillion dollars, AOC says, raise the marginal rate to
• 1:05:01
  Speaker 1: seventy percent on those making more than ten million dollars
• 1:05:04
  Speaker 1: ten years worth. That's only three hundred billion dollars. Simply,
• 1:05:07
  Speaker 1: the math doesn't work, and I don't know how someone
• 1:05:11
  Speaker 1: who you're talking with can get around that. Maybe the
• 1:05:13
  Speaker 1: kind way to do this is, say, listen, it's widely
• 1:05:15
  Speaker 1: reported this is exactly what you would get if you
• 1:05:17
  Speaker 1: started going after these billionaires by way of taxes. How
• 1:05:20
  Speaker 1: is that going to solve our problems with the national
• 1:05:22
  Speaker 1: debt at forty trillion in growing by a couple plus
• 1:05:25
  Speaker 1: trillion annually. How I don't think they'll be able to
• 1:05:28
  Speaker 1: answer that question. And the answer certainly isn't more spending,
• 1:05:31
  Speaker 1: because of course that goes back to the inflationary cycle
• 1:05:33
  Speaker 1: and the watering down of the currency. Back Mississippi, James,
• 1:05:36
  Speaker 1: Happy Monday, Welcome to the program.
• 1:05:39
  Speaker 7: Hey, good morning, doctor Bryant. Now your last caller that
• 1:05:43
  Speaker 7: was speaking about a chat group getting together and discuss things. Yeah, hey,
• 1:05:48
  Speaker 7: how do I sign up for that? Well? Did he
• 1:05:50
  Speaker 7: have a website?
• 1:05:51
  Speaker 9: Yeah?
• 1:05:51
  Speaker 1: He announced the website. I didn't write it down though,
• 1:05:53
  Speaker 1: but yeah, Joe sent it to me in a message.
• 1:05:57
  Speaker 1: He said, let me click on that so I can
• 1:05:59
  Speaker 1: look at that. Let's see. I don't see it, Joe, Ah,
• 1:06:05
  Speaker 1: there it is, James, It's brave, braver angels. One word
• 1:06:10
  Speaker 1: stuck together. Two words stuck together, braver angels dot org
• 1:06:16
  Speaker 1: A b R A V e R braver angels A
• 1:06:20
  Speaker 1: G E l s braver angels dot org. Okay, you're
• 1:06:25
  Speaker 1: the man for that mission, James, you're the man for
• 1:06:27
  Speaker 1: the mission. Ortok You know, I see everything as a
• 1:06:32
  Speaker 1: pen in the swing, and we just gotta get more
• 1:06:35
  Speaker 1: in that middle to understand what's happening. Yeah, there's more
• 1:06:38
  Speaker 1: than one side to every conversation. I will admit all
• 1:06:41
  Speaker 1: day long. But you know, in terms of me, I'm
• 1:06:43
  Speaker 1: always going back to dollars and cents, reality and all
• 1:06:45
  Speaker 1: this stuff. Would it be a good idea? Oh, it
• 1:06:46
  Speaker 1: sounds great, altruistic, you know, puppy dogs and unicorns and rainbows.
• 1:06:50
  Speaker 1: But can it work? First off, can we even afford it?
• 1:06:54
  Speaker 1: And I think in most cases with large government programs,
• 1:06:57
  Speaker 1: the answer is no. We have that ships sailed. We
• 1:07:00
  Speaker 1: are tapped out. Problems of the world are never going
• 1:07:04
  Speaker 1: to go away. There's always more problems that we haven't
• 1:07:06
  Speaker 1: got to yet, that we haven't tried to solve yet.
• 1:07:08
  Speaker 1: But in the final analysis, in terms of money and
• 1:07:11
  Speaker 1: ability to deal with any problem coming our way, I
• 1:07:13
  Speaker 1: think we passed that six fifty five. Coming up, Christopher Smith.
• 1:07:17
  Speaker 4: And it's radio.
• 1:07:36
  Speaker 1: It's seven oh six at fifty five KRC, the talk
• 1:07:40
  Speaker 1: station standing in the obvious. It's Monday. It's so happy
• 1:07:42
  Speaker 1: Monday if you use says me, Brian Thomas to the
• 1:07:44
  Speaker 1: fifty five KRCY Morning Show. Joe Strekker, Executi producer of
• 1:07:46
  Speaker 1: the program where he belongs in the execut producer booth,
• 1:07:49
  Speaker 1: and thank god for him and thank god for Christopher Smith.
• 1:07:51
  Speaker 1: Maman coming up in the next segment, the Smither vent
• 1:07:53
  Speaker 1: Every Monday at seven twenty with the former Vice Mayor.
• 1:07:55
  Speaker 1: Fast forward one hour' Good Money Monday with Brian James
• 1:07:57
  Speaker 1: from All with Financial we'll talk about the national debt
• 1:08:00
  Speaker 1: at forty trillion dollars. Should you get an indexed universal
• 1:08:05
  Speaker 1: life insurance policy? Question mark? Maybe Brian will answered that question.
• 1:08:08
  Speaker 1: It's on the topic list along with more people using
• 1:08:10
  Speaker 1: AI for financial advice. Fast forward to eight forty got
• 1:08:13
  Speaker 1: an economists and author More to Economy, Dollars and Cents
• 1:08:17
  Speaker 1: Reality Todd Sheets will be on the show at eight
• 1:08:18
  Speaker 1: forty to talk about his op ed piece, Yes we
• 1:08:21
  Speaker 1: have no free burritos today. I think you'll be doubling
• 1:08:25
  Speaker 1: down with some of the points I made earlier. And yeah,
• 1:08:26
  Speaker 1: going back to Brandon's comment about you know, is it
• 1:08:28
  Speaker 1: worth it to even try to engage people and have
• 1:08:30
  Speaker 1: a conversation with folks on the opposite side of the
• 1:08:32
  Speaker 1: political spectrum, And of course I believe it is. I
• 1:08:35
  Speaker 1: did point out the obvious impediment you may have manage
• 1:08:38
  Speaker 1: your expectations because if you go into one of those
• 1:08:40
  Speaker 1: confrontations with the who is it? The author from last
• 1:08:44
  Speaker 1: week had a chapter Gals of Girth Todd Starnes. Thank you,
• 1:08:49
  Speaker 1: Joe see without Joe Jreker, What would I do if
• 1:08:52
  Speaker 1: you're dealing with one of those? And you know the
• 1:08:53
  Speaker 1: blue hair types at scream And I got a big
• 1:08:55
  Speaker 1: kick because just as I was saying that, I looked
• 1:08:57
  Speaker 1: up and on my Facebook feed. Timing is everything, Maybe
• 1:09:01
  Speaker 1: karmic alignment on this one. Thank you Drew Pappus for
• 1:09:04
  Speaker 1: yesterday's post from the Federalist Papers. It's a cartoon and
• 1:09:09
  Speaker 1: angry one of the types of women I'm talking about
• 1:09:12
  Speaker 1: operating her slur generator. But the funny thing around it
• 1:09:14
  Speaker 1: is it's my point every single time, if someone is
• 1:09:18
  Speaker 1: calling you names or they're engaging in toddler like activity
• 1:09:22
  Speaker 1: like holding their hands over their ears and just simply
• 1:09:25
  Speaker 1: screaming so they can't hear your message and won't have
• 1:09:28
  Speaker 1: to respond to logical and reasonable questions about their policies
• 1:09:32
  Speaker 1: and their actions. We have this woman surrounded by the
• 1:09:35
  Speaker 1: words racist, bigot, Islamophoe, homophobe, misogynist, fascist, nazi, and hitler,
• 1:09:41
  Speaker 1: each one properly identified as a noun and properly identified
• 1:09:46
  Speaker 1: by the definition a person who wins an argument with
• 1:09:49
  Speaker 1: a liberal right when you're up against someone screaming that
• 1:09:52
  Speaker 1: you're a fascist, when they don't even understand the definition
• 1:09:55
  Speaker 1: of fascism, and go ahead and ask them that too.
• 1:09:58
  Speaker 1: Come armed with your own proper definition of fascism and
• 1:10:01
  Speaker 1: capitalism and socialism and what they mean, and see if
• 1:10:06
  Speaker 1: they can pass that simple test. Ask them if they
• 1:10:10
  Speaker 1: have any familiarity with the Nazi Party, the socialist party
• 1:10:14
  Speaker 1: right anyhow, that's the point you have won. Now. The
• 1:10:20
  Speaker 1: problem is you're winning the argument by obviously demonstrating an
• 1:10:24
  Speaker 1: incapable their incapability of answering and engaging in thoughtful debate.
• 1:10:32
  Speaker 1: That's not going to win you over a vote. Necessarily.
• 1:10:36
  Speaker 1: Many of them are so entrenched in their stupidity and
• 1:10:38
  Speaker 1: their ideology, and I don't want to. I'm not criticizing
• 1:10:40
  Speaker 1: religion when I say that they have taken a leap
• 1:10:42
  Speaker 1: of faith that they cannot walk back from. This is
• 1:10:45
  Speaker 1: what they're all about, perpetuating the myth and the lives
• 1:10:48
  Speaker 1: that the dollars and cents will actually work out when
• 1:10:51
  Speaker 1: you run the printing press. It just doesn't work. Find
• 1:10:54
  Speaker 1: me a country where it's worked, please, bah. Sorry, just
• 1:11:00
  Speaker 1: I get so frustrated by this, I really do, and
• 1:11:02
  Speaker 1: pivoting over. Maybe one of the reasons people will follow
• 1:11:05
  Speaker 1: these economic midles models in spite of the fact they
• 1:11:07
  Speaker 1: have never worked and are well corrupting to every society
• 1:11:10
  Speaker 1: that's tried them. Maybe it's our education system. And I
• 1:11:14
  Speaker 1: just my mouth fell open when I saw this kind
• 1:11:16
  Speaker 1: of unrelated point wise, But we have a problem with
• 1:11:18
  Speaker 1: the America's education system. They are churning out idiots day
• 1:11:21
  Speaker 1: in and day out. When you advance some student to
• 1:11:24
  Speaker 1: the next level, when they have not mastered the skills
• 1:11:26
  Speaker 1: at any particular grade level, you're doing them at disservice,
• 1:11:28
  Speaker 1: and you're doing society a disservice, and then you ultimately
• 1:11:31
  Speaker 1: have them probably a tax payer expense getting a college education.
• 1:11:34
  Speaker 1: They're not prepared to go into taking remedial courses and
• 1:11:37
  Speaker 1: then coming out in debt and probably only as smart
• 1:11:39
  Speaker 1: as they would have been had they paid attention and
• 1:11:41
  Speaker 1: had the teachers done their job when the kids were
• 1:11:43
  Speaker 1: in high school. Go to Detroit Public Schools where the
• 1:11:53
  Speaker 1: Detroit Public School Community District started a program, the Perfect
• 1:11:57
  Speaker 1: Attendance Plan, and while it work so well, I'll let
• 1:12:01
  Speaker 1: you be the judge of that, that they are expanding
• 1:12:03
  Speaker 1: it now. It's an incentive program. Right when you can't
• 1:12:07
  Speaker 1: get kids to show up to school, what do you do?
• 1:12:09
  Speaker 1: You pay them or their parents to show up. That's
• 1:12:12
  Speaker 1: what this is all about. Second year of the Perfect
• 1:12:15
  Speaker 1: Attendance the Perfect Attendance Pays program. Accord to district spokesperson
• 1:12:23
  Speaker 1: and speaking of Fox, Detroit Public Schools is continuing the
• 1:12:27
  Speaker 1: Perfect Attendance Pays initiative for the twenty six twenty seven
• 1:12:30
  Speaker 1: school year for high school students and expanding it to
• 1:12:33
  Speaker 1: middle school students. At the middle school level, here you go,
• 1:12:39
  Speaker 1: parents of eligible students with perfect attendance during each five
• 1:12:42
  Speaker 1: day cycle receive a fifty dollars gift card. So a
• 1:12:45
  Speaker 1: parent who otherwise doesn't give one whit if their kids
• 1:12:48
  Speaker 1: shows up to school. Are apparently incentivized if you give
• 1:12:52
  Speaker 1: them fifty dollars a week to get their kids to
• 1:12:54
  Speaker 1: show up to school. But don't worry. According to the
• 1:13:02
  Speaker 1: spokesperson from the schools, you aren't paying for it. The incentive,
• 1:13:07
  Speaker 1: they said, is funded through interest generated through school district
• 1:13:12
  Speaker 1: funds waiting to be used for facility of projects. So yes,
• 1:13:16
  Speaker 1: your taxpayer dollars absorb probably your property tax. Put in
• 1:13:19
  Speaker 1: a big pile of money to be used at a
• 1:13:21
  Speaker 1: future date. Generates interest. It's the interest on your tax
• 1:13:25
  Speaker 1: dollars that they're using to pay for this program to
• 1:13:27
  Speaker 1: pay children to go to school. It's kind of like
• 1:13:31
  Speaker 1: the railroad money, isn't it. Yeah, sell off the railroad,
• 1:13:34
  Speaker 1: put in a big pile and let it generate interest.
• 1:13:38
  Speaker 1: Detroit Public schools apparently having a national chronic absentee epidemic,
• 1:13:44
  Speaker 1: actually amid a national chronic absentee epidemic. They are ones
• 1:13:49
  Speaker 1: that have been hitted with a sixty zero point nine
• 1:13:52
  Speaker 1: percent chronic absentee rate for the twenty four to twenty
• 1:13:55
  Speaker 1: five school year. That's wow. That's a more than half
• 1:14:02
  Speaker 1: of Detroit students regularly miss class. Chronic absenteeism there at
• 1:14:08
  Speaker 1: least is defined as ten percent or more of the
• 1:14:10
  Speaker 1: school year, that be eighteen days in a standard calendar year.
• 1:14:13
  Speaker 1: So but since launching the incentive program, high school chronic
• 1:14:16
  Speaker 1: absenteeism dropped by seven points in two years when the
• 1:14:21
  Speaker 1: incentive was first offered, and another two points last year.
• 1:14:25
  Speaker 1: That's why they're expanding it into the K through twelve.
• 1:14:27
  Speaker 1: Rome pay mom and dad off to get their kids
• 1:14:31
  Speaker 1: to come to school, and isn't Can it be noted
• 1:14:33
  Speaker 1: that in education the greatest barometer of success in anyone's
• 1:14:40
  Speaker 1: life is education. You're stuck in this spiral of welfare
• 1:14:48
  Speaker 1: state living, and you're angry about it, and you want
• 1:14:50
  Speaker 1: to blame society at large. It's the society that's at
• 1:14:53
  Speaker 1: fault here. It's not me. I shouldn't be living like this.
• 1:14:56
  Speaker 1: I'm angry. We have no opportunity, no choice, it's impossible.
• 1:15:00
  Speaker 1: Why even bother. I guess that's the default mentality of
• 1:15:02
  Speaker 1: some parents, because they're letting their kids miss that much school.
• 1:15:05
  Speaker 1: I guess they really don't care and don't appreciate or
• 1:15:08
  Speaker 1: even understand the benefit of an education. That's the key
• 1:15:15
  Speaker 1: and I always ask myself, given the Teachers' Union's position
• 1:15:22
  Speaker 1: on these crazy policies, and they're ongoing demands for more
• 1:15:25
  Speaker 1: and more money. And there are policies though that allow
• 1:15:28
  Speaker 1: and encourage the advancement of children who haven't met the
• 1:15:31
  Speaker 1: grade level qualifications to move them onto the next grade.
• 1:15:37
  Speaker 1: And somehow that's supposed to be beneficial to that child
• 1:15:40
  Speaker 1: on some level. I want to know how. I mean,
• 1:15:43
  Speaker 1: the only thing you're taking away from that kid is
• 1:15:45
  Speaker 1: maybe his friends might give them a hard time for
• 1:15:47
  Speaker 1: not passing that grade. But well, if you hold them back,
• 1:15:50
  Speaker 1: then they ultimately pass, and they're equipped then to move on,
• 1:15:53
  Speaker 1: and they're equipped then to move on to the next
• 1:15:55
  Speaker 1: phase of life and equip then ultimately to maybe go
• 1:15:57
  Speaker 1: on and well cover their own nut when it comes
• 1:16:01
  Speaker 1: to food, clothing, shelter, et cetera. So is there something
• 1:16:07
  Speaker 1: nefarious built into the Teachers' Union's position advancing children grade inflation?
• 1:16:12
  Speaker 1: Giving a child an ay doesn't mean they are working
• 1:16:15
  Speaker 1: at grade level, does it? Are they intentionally dumbing down
• 1:16:20
  Speaker 1: our kids? I'm of mind that they are. And you
• 1:16:24
  Speaker 1: call me some crazy conspiracy theorists, but a growing number
• 1:16:27
  Speaker 1: of students in our country are not reading at grade level.
• 1:16:30
  Speaker 1: A shocking amount of given any given school district looking
• 1:16:33
  Speaker 1: at cannot read a grade level, large percentages, fifty percent
• 1:16:38
  Speaker 1: or more in Boston, I believe it's now Baltimore school districts.
• 1:16:40
  Speaker 1: I mean they're single digits of those who can read
• 1:16:44
  Speaker 1: a grade level and perform mathematics at grade level, and
• 1:16:46
  Speaker 1: yet they continue to advance through the schools. What possible
• 1:16:48
  Speaker 1: good are those schools giving to those children? And to
• 1:16:52
  Speaker 1: tell a child that they're capable of moving on to
• 1:16:54
  Speaker 1: the next grade is lying to the child. That's evil,
• 1:17:00
  Speaker 1: that's wrong. And what do we do with a world
• 1:17:05
  Speaker 1: fill of idiots? And wasn't it? John Wayne has said,
• 1:17:07
  Speaker 1: you know life is hard, it's harder if you're stupid. Yeah,
• 1:17:12
  Speaker 1: Christopher Smithman coming up next, First Prestige Interiors. Get John
• 1:17:16
  Speaker 1: Ryan on your kitchen remodeling project, because that's what he
• 1:17:18
  Speaker 1: has been doing almost exclusively for forty plus years. Yes,
• 1:17:22
  Speaker 1: John is the man who did our kitchen remodeling project.
• 1:17:24
  Speaker 1: Love it, still love it to this day, and you
• 1:17:26
  Speaker 1: will love what he does for you. He'll bring into
• 1:17:29
  Speaker 1: the situation all the ideas that you want, maybe talk
• 1:17:31
  Speaker 1: you out of some bad ideas. Because he's seen some
• 1:17:34
  Speaker 1: bad ideas and some problems over the years, but he
• 1:17:36
  Speaker 1: has seen what right. I k the talk station at
• 1:17:42
  Speaker 1: seven nineteen. If he do, you bout karsde talk station.
• 1:17:45
  Speaker 1: Happy Monday always extra special. We get the benefit of
• 1:17:48
  Speaker 1: the former Vice mayor of the City Cincinnati, Christopher Smith,
• 1:17:51
  Speaker 1: a man with his comments, we call it the smither Vent.
• 1:17:53
  Speaker 1: Welcome back, Christopher. I hope you had a wonderful week
• 1:17:55
  Speaker 1: on my friend.
• 1:17:57
  Speaker 2: Idea brother, Thank you so much. I dropped my daughter
• 1:18:00
  Speaker 2: off at school. I won't say what school, but you
• 1:18:04
  Speaker 2: know it was a very tough thing, but I was
• 1:18:07
  Speaker 2: very very happy for her. Right, So it's bit or
• 1:18:10
  Speaker 2: sweet and you've done all of that, yep, you know.
• 1:18:14
  Speaker 2: And so you know, I'm a widower, and you know,
• 1:18:16
  Speaker 2: I know there's a lot of people out there who
• 1:18:19
  Speaker 2: who go through this. These are big changes. It's not fake.
• 1:18:23
  Speaker 2: And so my heart goes out there to all those
• 1:18:25
  Speaker 2: who've lost someone and you get to these things that
• 1:18:28
  Speaker 2: should be joyous and easy to do, and it really
• 1:18:31
  Speaker 2: complicates it. But I don't want anybody to believe that
• 1:18:34
  Speaker 2: I am not over the moon and so proud of
• 1:18:38
  Speaker 2: her accomplishments, and I thank Seatan High School for everything
• 1:18:42
  Speaker 2: they did for her. I will never forget Seatan or
• 1:18:46
  Speaker 2: Elder for the love and the support and her preparation.
• 1:18:51
  Speaker 2: Meaning at the end of the day, it's about she's prepared.
• 1:18:54
  Speaker 2: You know she's going to walk into a classroom because
• 1:18:56
  Speaker 2: she got a great education. And I can't say enough
• 1:18:59
  Speaker 2: about those two institutions.
• 1:19:01
  Speaker 1: Well a, Christopher, you never got a check for making
• 1:19:04
  Speaker 1: sure your daughter went to school either, did you.
• 1:19:07
  Speaker 3: No.
• 1:19:07
  Speaker 1: I want to thank you for being a responsible parent
• 1:19:10
  Speaker 1: like mine. Were insisting that your daughter getting a good
• 1:19:13
  Speaker 1: education like the rest of your children, putting them out
• 1:19:15
  Speaker 1: into society prepared to deal with the challenges that they
• 1:19:18
  Speaker 1: are going to be met with, making them responsible pehicle people.
• 1:19:21
  Speaker 1: By being a responsible parent. You and Pamela did that
• 1:19:23
  Speaker 1: all their entire lives. Your late wife was a wonderful,
• 1:19:26
  Speaker 1: wonderful parent and woman, and you continue the challenge on
• 1:19:29
  Speaker 1: your own and I cannot imagine how difficult that is. Christopher.
• 1:19:31
  Speaker 1: I hear you all bittersweet about your daughter going off
• 1:19:33
  Speaker 1: to college. I'd feel the same way, and I did
• 1:19:35
  Speaker 1: feel the same way when my daughter went. But society
• 1:19:38
  Speaker 1: owes you a dead of gratitude for being a good parent.
• 1:19:41
  Speaker 1: And I think I applaud and slewed all parents out
• 1:19:43
  Speaker 1: there who have that attitude toward the education of their children.
• 1:19:47
  Speaker 9: Well, I appreciate it.
• 1:19:48
  Speaker 2: Man. This my segment, and you tell me whether you
• 1:19:51
  Speaker 2: want to go to break or not. But the title
• 1:19:53
  Speaker 2: of my segment is Jerry Maguire, I Love the Black Man. Goodness,
• 1:19:58
  Speaker 2: that is if you remember that scene, yeah, Tom Cruise
• 1:20:02
  Speaker 2: sitting in his offense saying I Love the Black Man. Yeah,
• 1:20:07
  Speaker 2: it's one of my favorite movies. But I'm gonna let
• 1:20:10
  Speaker 2: you know, dude, as we pivot into the next segment,
• 1:20:13
  Speaker 2: that the next segment is all about I Love the
• 1:20:18
  Speaker 2: Black Man. And I will connect these dots as we
• 1:20:21
  Speaker 2: move into Labor Day weekend and deal with the Democratic
• 1:20:25
  Speaker 2: Party who always discovers the Black community during the election,
• 1:20:31
  Speaker 2: and it starts right after Labor Day. Black people become important,
• 1:20:35
  Speaker 2: that's it. And they will pimp and use and strategize
• 1:20:39
  Speaker 2: of how they're gonna get the black vote. What do
• 1:20:41
  Speaker 2: they need to say, how they gin us up? You know,
• 1:20:44
  Speaker 2: how they can get the emotions high in order to
• 1:20:47
  Speaker 2: get their base out to vote for them. But the
• 1:20:49
  Speaker 2: rest of the election cycle, if Black Americans are listening,
• 1:20:53
  Speaker 2: to me, that's why they disappear. And after the election
• 1:20:57
  Speaker 2: they're gonna do exactly the same. Okay, Yeah, after Labor Day,
• 1:21:01
  Speaker 2: I love the black man that's going into Labor Day.
• 1:21:05
  Speaker 2: The election happens, we're back to business as usual.
• 1:21:07
  Speaker 1: Do well before we get to the breakdough might observe that,
• 1:21:10
  Speaker 1: you know, formy one, shame on you for me twice,
• 1:21:12
  Speaker 1: shame on me. The shame on me. Components should have
• 1:21:14
  Speaker 1: been existing live and well in the black community for decades,
• 1:21:17
  Speaker 1: because have the Democrats ever truly delivered on anything they're
• 1:21:21
  Speaker 1: promising to the black people specifically?
• 1:21:25
  Speaker 2: I mean, I knew what Lyndon Johnson said, he meant it.
• 1:21:29
  Speaker 2: It was his strategy. Anybody can look up President Lyndon
• 1:21:32
  Speaker 2: Johnson and he has delivered, right. And so there was
• 1:21:37
  Speaker 2: this pivot where Lyndon Johnson said, I'm going to make
• 1:21:40
  Speaker 2: sure that Black Americans vote for Democrats for the next
• 1:21:44
  Speaker 2: two hundred years, and they put the strategy together for
• 1:21:47
  Speaker 2: that to happen. But I'm just sharing with you. You
• 1:21:50
  Speaker 2: will watch the commercials. Democrats will start going to African
• 1:21:56
  Speaker 2: American churches. They're ministers out there, them out of your church.
• 1:22:01
  Speaker 2: Keep them away from your services. You know, I'm Catholic.
• 1:22:04
  Speaker 2: After the homily are no there are no politicians that
• 1:22:09
  Speaker 2: get up on the mic and start talking at Catholic churches,
• 1:22:12
  Speaker 2: the nine o'clock Mass, the eleven o'clock Mass. You know,
• 1:22:15
  Speaker 2: oftentimes this is in all these other churches, but specifically
• 1:22:18
  Speaker 2: in Black American churches, right where these politicians think they
• 1:22:23
  Speaker 2: can come to our churches after Labor Day and we've
• 1:22:26
  Speaker 2: got to announce that they're there and happy that they're there.
• 1:22:29
  Speaker 2: And then they get on the podium, hery my name
• 1:22:31
  Speaker 2: is and they start acting like they're a preacher. They
• 1:22:34
  Speaker 2: change their voice and their cadence. You know, I'm so
• 1:22:37
  Speaker 2: happy to be here today to talk to everybody. You know,
• 1:22:41
  Speaker 2: they go through all this craziness. Man, this is I call,
• 1:22:46
  Speaker 2: you know, the Jerry McGuire moment. It's coming right now.
• 1:22:49
  Speaker 2: In their commercials, what they do, how they act, they're
• 1:22:52
  Speaker 2: looking for those they're looking for those surrogate black people
• 1:22:55
  Speaker 2: to walk them through black neighborhoods because they're really scared.
• 1:22:58
  Speaker 2: So they need somebody black to walk with them through
• 1:23:00
  Speaker 2: the neighborhood, to knock on the door and say hey,
• 1:23:03
  Speaker 2: I'm so and so, let me introduce you to Michael,
• 1:23:06
  Speaker 2: and they're knocking on the door. So I'm just going
• 1:23:07
  Speaker 2: to share with you. I'm going to continue to talk
• 1:23:09
  Speaker 2: about this because now we're going into the Labor Day weekend,
• 1:23:13
  Speaker 2: and this is when white Democrats start discovering Black America,
• 1:23:17
  Speaker 2: black churches and they start saying crazy stuff.
• 1:23:20
  Speaker 1: Dude, Well, as a black man, Christopher Smithman, it sounds
• 1:23:23
  Speaker 1: like you're seeing through this nonsense. We'll we'll hear more
• 1:23:26
  Speaker 1: from Christopher coming up in the next segment. He's on
• 1:23:29
  Speaker 1: a roll. Typically is on a Monday five the talk
• 1:23:33
  Speaker 1: station at seven thirty fifty five Krcity Talk Station in
• 1:23:37
  Speaker 1: Christopher Smithment on the phone as he always is on
• 1:23:39
  Speaker 1: a Monday. A former Vice many of the City Cincinnati
• 1:23:42
  Speaker 1: cun it up ventingispleeen. Christopher, you have the floor, my friend, Brian.
• 1:23:47
  Speaker 2: A race that we're in, returning to political races, would
• 1:23:51
  Speaker 2: not be a democratic political race without some racial strife.
• 1:23:56
  Speaker 2: So part of the recipe, if you're thinking, you know
• 1:24:00
  Speaker 2: your listening audience, faithful listening audience, if they think about
• 1:24:04
  Speaker 2: making bread or you know, cooking their favorite dish as
• 1:24:07
  Speaker 2: an example, what are the ingredients for the Democratic Party
• 1:24:10
  Speaker 2: to win an election, and part of it is to
• 1:24:12
  Speaker 2: get the black community, Black Americans ginned up about race.
• 1:24:19
  Speaker 2: So look for them to manufacture something between now and
• 1:24:23
  Speaker 2: the election, because that's also their strategy. Look for them
• 1:24:28
  Speaker 2: to take advantage of something that has happened to say, ah,
• 1:24:33
  Speaker 2: this is the white man who doesn't like you, who's
• 1:24:36
  Speaker 2: oppressing you, who has their foot on your neck, and
• 1:24:40
  Speaker 2: you've got to come out because we the Democratic Party,
• 1:24:43
  Speaker 2: are going to protect you. They don't tell the story
• 1:24:47
  Speaker 2: that they were the Klan, that they were the person
• 1:24:50
  Speaker 2: the people in the South who lynched my grandfather's friends,
• 1:24:54
  Speaker 2: who terrorized black Americans with poll taxes when they wanted
• 1:24:59
  Speaker 2: to vote. It was Lincoln who signed the executive order
• 1:25:03
  Speaker 2: of the Emancipation Proclamation. It was the Republicans who voted
• 1:25:07
  Speaker 2: for the thirteenth and fourteenth Amendment. They won't put that
• 1:25:09
  Speaker 2: out there, and unfortunately the Republican Party hides they don't
• 1:25:14
  Speaker 2: even know their own history to talk about the freedom.
• 1:25:17
  Speaker 2: So those are the commercials they should be talking about.
• 1:25:20
  Speaker 2: But as we move into now the silly season, look
• 1:25:24
  Speaker 2: for the Democrats to do what they do. They're looking
• 1:25:27
  Speaker 2: for something, something chaotic to happen. It doesn't even have
• 1:25:30
  Speaker 2: to happen in your region. It happened anywhere in our
• 1:25:33
  Speaker 2: fifty states, and they will make it like it happened
• 1:25:36
  Speaker 2: right in downtown where you live. That's the crazy part.
• 1:25:39
  Speaker 1: Well, the interesting thing about this, Christopher is now there
• 1:25:43
  Speaker 1: will be like over this past several days, a lot
• 1:25:45
  Speaker 1: of shootings in and around downtown Cincinnati. We got a
• 1:25:47
  Speaker 1: fourteen year old was arrested for shooting someone with a gun. Okay,
• 1:25:50
  Speaker 1: But when you hear from the Democrat administration, oh, no,
• 1:25:53
  Speaker 1: crime's not a problem.
• 1:25:55
  Speaker 4: You're not.
• 1:25:55
  Speaker 1: Don't believe your own eyes. Listen to what So those
• 1:25:58
  Speaker 1: multiple illustrations of criminal activity over a short several day
• 1:26:01
  Speaker 1: period are ignored and the response from the Democrats is
• 1:26:05
  Speaker 1: nothing to see here. Now, pivoting over to you what
• 1:26:07
  Speaker 1: you anticipate. Let's say, George Floyd, we had there is
• 1:26:12
  Speaker 1: one guy being let's just assume, for the sake of discussion,
• 1:26:15
  Speaker 1: a victim of maybe illegal conduct. Well, that type of
• 1:26:21
  Speaker 1: singular thing, criminal conduct comes from the four corners of
• 1:26:25
  Speaker 1: the world every single day. So you'll have crime in California,
• 1:26:28
  Speaker 1: got crime in Cincinnati. Sometimes the police are involved in
• 1:26:31
  Speaker 1: untoward conduct and they get called out for it. Occasionally,
• 1:26:35
  Speaker 1: but the vast majority of people, generally speaking, aren't running
• 1:26:38
  Speaker 1: around committing acts of violence. The vast majority of police
• 1:26:40
  Speaker 1: department officials are not racist, and yet the left will
• 1:26:44
  Speaker 1: get away with saying one singular victim is illustrative of
• 1:26:50
  Speaker 1: this massive problem that's literally everywhere in the United States
• 1:26:54
  Speaker 1: of America. They wait around for years until George Floyd
• 1:26:57
  Speaker 1: came around and then hung him out as the illustration
• 1:27:00
  Speaker 1: the systemic problem. Wait a minute, where are all these
• 1:27:02
  Speaker 1: other illustrations of systemic problems? I mean, we'd have a
• 1:27:06
  Speaker 1: George Floyd in the front page of the newspaper every
• 1:27:08
  Speaker 1: single day. Although that just doesn't happen now, does it.
• 1:27:10
  Speaker 2: Christopher, Well, you've pivoted right into which is a beautiful
• 1:27:15
  Speaker 2: part of my segment of black lives matter. So part
• 1:27:18
  Speaker 2: of the salt and pepper going after Labor Day is
• 1:27:21
  Speaker 2: to start using the term black lives matter. We need
• 1:27:24
  Speaker 2: some yard signs for yards, We need to illustrate that
• 1:27:27
  Speaker 2: I love the black man. We got Tom Cruise out
• 1:27:31
  Speaker 2: here screaming on his phone in the political atmosphere, that
• 1:27:35
  Speaker 2: is what they're going to do. And so you're going
• 1:27:37
  Speaker 2: to see them promoting black lives matter pivoting to what
• 1:27:40
  Speaker 2: you just clearly articulated. They issue a black man shooting
• 1:27:44
  Speaker 2: black men and killing each other. I am a black American,
• 1:27:48
  Speaker 2: for those who are listening, so I'm very sensitive to this.
• 1:27:51
  Speaker 2: You don't hear Democrats wanting to solve that problem. You
• 1:27:54
  Speaker 2: don't see them out there fighting for that because there
• 1:27:57
  Speaker 2: are people out there in the black community, small minority,
• 1:28:02
  Speaker 2: very small minority of people who believe in criminal justice reparations.
• 1:28:07
  Speaker 2: So they're out there saying, hey, man, you got a gun,
• 1:28:09
  Speaker 2: you killed somebody, let's let them off, right. So we're
• 1:28:13
  Speaker 2: doing that for all the historical things that did happen
• 1:28:16
  Speaker 2: in America where there were black Americans who were put
• 1:28:19
  Speaker 2: in prison thirty forty fifty years ago for stuff they
• 1:28:22
  Speaker 2: didn't do. So now you've got judges out there who
• 1:28:25
  Speaker 2: believe in what we call criminal justice reparations, and they
• 1:28:30
  Speaker 2: want to keep letting these killers out here with guns
• 1:28:33
  Speaker 2: in our street or whatever they're doing, whatever they're involved in.
• 1:28:36
  Speaker 2: But that is a real thing. It's not just money,
• 1:28:39
  Speaker 2: Brian Thomas, it's a mindset, and Democrats are pimping that out.
• 1:28:43
  Speaker 2: They're going around saying, man, racism is so bad, you
• 1:28:47
  Speaker 2: know your twelve year old had a gun and shot
• 1:28:50
  Speaker 2: three people. Or or we can't approach your son downtown
• 1:28:53
  Speaker 2: on the banks. I've got a white officer who's downtown,
• 1:28:57
  Speaker 2: seez a young person, he's fourteen years old. He's terrified
• 1:29:00
  Speaker 2: to go over and say, hey, dude, it's three o'clock
• 1:29:02
  Speaker 2: in the morning on a school night. Why are you downtown?
• 1:29:05
  Speaker 2: What's your name? Oh? No, man, you're being a racist.
• 1:29:08
  Speaker 2: You're just you're profiling me. Oh you look like a
• 1:29:11
  Speaker 2: kid like who's never shaved before. Dude, you're walking around
• 1:29:15
  Speaker 2: downtown with your pants down and you shouldn't be down here,
• 1:29:18
  Speaker 2: And I'm gonna I'm gonna be able to ask you
• 1:29:20
  Speaker 2: a question. The point that I'm making is as we
• 1:29:23
  Speaker 2: move closer and closer to Labor Day, you're going to
• 1:29:27
  Speaker 2: see the Democratic Party discover the black community with words,
• 1:29:33
  Speaker 2: not deeds, not public policy. You're going to see them
• 1:29:36
  Speaker 2: rolling out those black liberal Democrats that get out on
• 1:29:39
  Speaker 2: social media and just run their lips because all they're
• 1:29:42
  Speaker 2: doing is getting paid by the Democratic apparatus to have
• 1:29:46
  Speaker 2: black people put to speak to the lowest denominator that
• 1:29:50
  Speaker 2: the white man is out here wanting to destroy you.
• 1:29:53
  Speaker 2: Waking up every day thinking about how he can put
• 1:29:55
  Speaker 2: his foot on your neck, when the reality of it
• 1:29:58
  Speaker 2: is is you need to get there, make it happen,
• 1:30:01
  Speaker 2: work hard, handle your own business, and America will reward you.
• 1:30:07
  Speaker 2: That doesn't mean that racism doesn't exist. Anybody listening it
• 1:30:10
  Speaker 2: out there. Oh that god smitheman is just an Uncle
• 1:30:12
  Speaker 2: Tom No. Because I wake up every day and raise
• 1:30:15
  Speaker 2: my kids. I work very hard, really hard every day
• 1:30:19
  Speaker 2: to make things happen. Yes, they're crazies out here who
• 1:30:22
  Speaker 2: say crazy things from time to time, but I'm not
• 1:30:24
  Speaker 2: gonna let them. I'm not gonna let them control my
• 1:30:27
  Speaker 2: life and what I'm doing. But the point is that
• 1:30:30
  Speaker 2: the one off things what the Democratic Party does Brian
• 1:30:33
  Speaker 2: Thomas is they augmented like it's all white people and
• 1:30:38
  Speaker 2: white people are against Black Americans that are waking up
• 1:30:40
  Speaker 2: every day trying to figure out how they can put
• 1:30:42
  Speaker 2: their foot on our net to do something. This is
• 1:30:45
  Speaker 2: what the Democratic Party does right after Labor Day, that's
• 1:30:48
  Speaker 2: their playbook. This is a Jerry Maguire moment. I know
• 1:30:52
  Speaker 2: they're gonna be talking about black lives matter. Black lives matter,
• 1:30:55
  Speaker 2: and the bottom line is the Democratic Party doesn't give
• 1:30:58
  Speaker 2: a about Black America. They don't give a crap about
• 1:31:02
  Speaker 2: us until we get to the dog on election, and
• 1:31:05
  Speaker 2: it absolutely infuriates me. My grandfather is rolling over in
• 1:31:09
  Speaker 2: his grave as the Democratic Party tries to pip us out,
• 1:31:13
  Speaker 2: like when we talk about the school board on the
• 1:31:15
  Speaker 2: school levee and what's happening with thirty four thousand kids right,
• 1:31:20
  Speaker 2: Lots of truancies, lots of schools that are failing. We'll
• 1:31:23
  Speaker 2: get back to it, but yet again, we can't get
• 1:31:26
  Speaker 2: a solid, solid public education system that really educates Black
• 1:31:31
  Speaker 2: Americans in this past.
• 1:31:33
  Speaker 1: Well, since he's pulling his punches this morning, we'll bring
• 1:31:35
  Speaker 1: Christopher back for another segment. We'll see if we can't
• 1:31:37
  Speaker 1: get him to speak what's really on his mind. The
• 1:31:41
  Speaker 1: talk station. It's seven forty two right now. If anybody
• 1:31:47
  Speaker 1: KR City Talks Station in the middle of or towards
• 1:31:49
  Speaker 1: the tail end of anyway with a Smith event more,
• 1:31:51
  Speaker 1: you're on fire this morning, Christopher smitheman always enjoy one
• 1:31:54
  Speaker 1: night you get fired out that.
• 1:31:57
  Speaker 2: Wait till I give you this piece.
• 1:31:59
  Speaker 1: Here we go.
• 1:32:00
  Speaker 2: So the kick off, the kickoff for the Labor Day
• 1:32:04
  Speaker 2: weekend was the unveiling of the doctor Martin Luther King
• 1:32:07
  Speaker 2: statue on the corner of Reading Road in the MLK.
• 1:32:11
  Speaker 2: That's wonderful. I absolutely think it is awesome. Meaning doctor
• 1:32:17
  Speaker 2: King was a conservative preacher from the South and not
• 1:32:23
  Speaker 2: just as I am not a perfect person, he's not
• 1:32:25
  Speaker 2: a perfect person. So let's not have anybody tell me
• 1:32:28
  Speaker 2: about his his shortcomings. Here's the reality. Listen to this,
• 1:32:35
  Speaker 2: Mayor absab Nor, any Democrat on council had anything to
• 1:32:38
  Speaker 2: do with the damn statue. Nothing. It's all my work,
• 1:32:44
  Speaker 2: the guy who worked on that statue, who put the
• 1:32:49
  Speaker 2: money forward, who put together the committee. This is all
• 1:32:52
  Speaker 2: Mayor John Cranley. Do you think the Democrats walked up
• 1:32:56
  Speaker 2: there and said, a conservative African of Mansmerrican man in
• 1:33:00
  Speaker 2: Cincinnati is responsible for this statue, had anything to do
• 1:33:05
  Speaker 2: with it. No, the liberal Democrats walk up there with
• 1:33:08
  Speaker 2: a ribbon and cut the ribbon and act like they
• 1:33:10
  Speaker 2: had something to do with it, and it had nothing
• 1:33:12
  Speaker 2: to do with them. As a matter of fact, those
• 1:33:15
  Speaker 2: are the people that I struggled with to get this
• 1:33:17
  Speaker 2: thing across the finish line. Anybody who's listening to me,
• 1:33:21
  Speaker 2: I'm not.
• 1:33:21
  Speaker 3: Going to do the homework.
• 1:33:22
  Speaker 2: Go pull the original motion and look who signed it.
• 1:33:26
  Speaker 2: I believe that council Member Liz Key, I believe David mayn.
• 1:33:34
  Speaker 1: That's hilarious.
• 1:33:36
  Speaker 2: Are you telling me, brother? And do you think that
• 1:33:39
  Speaker 2: any Democrat up there pulled the original motion that funded
• 1:33:45
  Speaker 2: the project with a million dollars ever said any of
• 1:33:48
  Speaker 2: our names said that we had anything to do with it,
• 1:33:51
  Speaker 2: because it doesn't fit their narrative. They can't say a
• 1:33:55
  Speaker 2: Republican had something to do with this statue. They can't
• 1:33:59
  Speaker 2: say that David may Liz Keeting, somebody like Smitherman all
• 1:34:02
  Speaker 2: worked on this project.
• 1:34:03
  Speaker 3: This is their work.
• 1:34:05
  Speaker 2: No, they walk up to the mic and try to
• 1:34:08
  Speaker 2: portray the Jerry McGuire, I love the black Man. This
• 1:34:11
  Speaker 2: is my project and the city manager had nothing to
• 1:34:15
  Speaker 2: do with it. Matter of fact, the people who should
• 1:34:18
  Speaker 2: be commended are the Baptist Minister's Conference, which I'm going
• 1:34:22
  Speaker 2: to definitely lift them up because they are the organizations
• 1:34:26
  Speaker 2: that came to my office when I was the vice
• 1:34:29
  Speaker 2: mayor and said, Smitherman, we got to get this done.
• 1:34:32
  Speaker 2: The smaller statue was torn down. We got to make
• 1:34:35
  Speaker 2: this project happen. What they were mad about at a
• 1:34:38
  Speaker 2: certain level is that the person who was commissioned to
• 1:34:41
  Speaker 2: do it wasn't black, and so they were tripping on that.
• 1:34:43
  Speaker 2: You know, there's this Asian guy who's being commissioned to
• 1:34:46
  Speaker 2: do it, and we got a problem with that is
• 1:34:48
  Speaker 2: not a black artist. I mean, they were going through
• 1:34:50
  Speaker 2: all kinds of iterations with that craziness. But at the
• 1:34:52
  Speaker 2: end of the day, I just want you to know, Brian,
• 1:34:55
  Speaker 2: in a most self serving way, what you see happening
• 1:34:58
  Speaker 2: on TV with that Martin Luther King's statue has nothing
• 1:35:02
  Speaker 2: to do with mayor Astab or any member of this council.
• 1:35:06
  Speaker 2: This is a previous council that worked on this, negotiated
• 1:35:10
  Speaker 2: and put the money forward, and they didn't invite one
• 1:35:13
  Speaker 2: of us, none of us from the unveiling of that statue.
• 1:35:16
  Speaker 1: Of course, never let a good ribbon cut and go
• 1:35:19
  Speaker 1: to waste, Christopher. But more fundably, to the point about
• 1:35:22
  Speaker 1: the artist, if there was an objection over that the
• 1:35:25
  Speaker 1: doctor King statue that's on the mall in Washington, DC
• 1:35:29
  Speaker 1: was done by a Chinese artist, if I recall correctly,
• 1:35:33
  Speaker 1: I don't recall anybody complaining about that. But more fundamentally,
• 1:35:36
  Speaker 1: let me ask you this very serious question. Perhaps maybe
• 1:35:40
  Speaker 1: some of the oppositions sprung from the fact that during
• 1:35:42
  Speaker 1: this you know, black lives matter moment in time that
• 1:35:46
  Speaker 1: we were all struggling with and trying to get through,
• 1:35:48
  Speaker 1: that maybe that his message ran a foul of that narrative.
• 1:35:53
  Speaker 1: Content of character, not color of skin. Was that not
• 1:35:56
  Speaker 1: doctor King's message? Be a good person and then the
• 1:35:59
  Speaker 1: color of your skin it does not matter. Well, that
• 1:36:02
  Speaker 1: just undermines the entire philosophy of the left wing advocates about,
• 1:36:05
  Speaker 1: you know, black lives matter, and this whole idea of
• 1:36:07
  Speaker 1: the systemic race and the like doesn't.
• 1:36:09
  Speaker 2: It's it's absolutely true, It's absolutely true, and race and
• 1:36:15
  Speaker 2: how they push it is incredibly complicated. And that's what
• 1:36:18
  Speaker 2: I'm sharing with you. They don't even have the decency
• 1:36:21
  Speaker 2: to say that a black American made this statue happen, right,
• 1:36:27
  Speaker 2: They walk up there like it's their project. We're going
• 1:36:30
  Speaker 2: into Labor Day weekend. This is them kicking it off
• 1:36:34
  Speaker 2: with you. Don't look they planned it so that we're
• 1:36:37
  Speaker 2: going into Labor Day weekend. This is the kickoff of
• 1:36:40
  Speaker 2: saying I love the black man. Jerry McGuire, This is
• 1:36:44
  Speaker 2: apps ap. I'm pushing this narrative. If they walked up
• 1:36:48
  Speaker 2: there and put me on the mic and said here's
• 1:36:51
  Speaker 2: the guy, this is the guy's motion, this is his work.
• 1:36:55
  Speaker 2: And they put John Cranley up there, the white man, right,
• 1:36:58
  Speaker 2: who made this thing happened, Mayor John Cranley, not Appets.
• 1:37:03
  Speaker 2: If they told the narrative right, and they told the truth,
• 1:37:06
  Speaker 2: then all of a sudden, it makes everything look different.
• 1:37:09
  Speaker 2: But that's not what they.
• 1:37:10
  Speaker 6: Want to do.
• 1:37:11
  Speaker 2: They want to act like app tab and all these
• 1:37:13
  Speaker 2: black people blah blah blah, mate, that thing happened and
• 1:37:16
  Speaker 2: they didn't. They're hiding it. And the media is so
• 1:37:19
  Speaker 2: lazy that they don't just go and pull the original
• 1:37:22
  Speaker 2: motion and say, hey, guys, see the statue's coming up,
• 1:37:24
  Speaker 2: and you didn't have anything to do with it. Where
• 1:37:27
  Speaker 2: are the people who had everything to do with this thing?
• 1:37:30
  Speaker 2: That's what I'm saying to you. Do they want to
• 1:37:32
  Speaker 2: change history. Everybody should understand there was a white man,
• 1:37:36
  Speaker 2: his name is Mayor John Cranley, and he had everything
• 1:37:41
  Speaker 2: to do with that statue showing up on that dog on.
• 1:37:45
  Speaker 2: It wasn't Apps had, and it wasn't any of these
• 1:37:48
  Speaker 2: black democrats that are on council. And they would never
• 1:37:52
  Speaker 2: ever ever want you to know that history.
• 1:37:55
  Speaker 1: And that's funny because you know David Man, white guy.
• 1:37:58
  Speaker 1: So you have the mayor and David Mann, and then
• 1:38:01
  Speaker 1: you have Liz Keening, white woman, also Republican, and then
• 1:38:05
  Speaker 1: black man independent Christopher Spinnimen. Okay, do you know what
• 1:38:10
  Speaker 1: that is? A bipartisan collective right there, Christopher. There's another
• 1:38:12
  Speaker 1: thing that you point out too. If he didn't have
• 1:38:16
  Speaker 1: independence Republicans.
• 1:38:19
  Speaker 2: And pull the motion, anybody that I don't even know
• 1:38:21
  Speaker 2: the other two people or so who signed it at
• 1:38:23
  Speaker 2: the time. It probably was Charlie Weinberg too.
• 1:38:26
  Speaker 1: Yeah, yeah, maybe.
• 1:38:28
  Speaker 2: You know what I'm saying. I don't remember who. How
• 1:38:30
  Speaker 2: I all I can tell you is not anybody on
• 1:38:32
  Speaker 2: council sign that motion because they weren't there, and this
• 1:38:35
  Speaker 2: current mayor wasn't there. It was a white man, John Cranley.
• 1:38:39
  Speaker 1: Me the mayor, meeng mayor maybe.
• 1:38:41
  Speaker 2: Pg mL case statue happened. And John is so gracious
• 1:38:45
  Speaker 2: he saw he he would never come and say what
• 1:38:47
  Speaker 2: I'm saying. He wouldn't be dogmatic about it. He just
• 1:38:50
  Speaker 2: let them roll over the history. But I'm telling you,
• 1:38:53
  Speaker 2: to your community, to your listening audience, this is what
• 1:38:57
  Speaker 2: the Democrats do. They lie, they cheat, they don't tell
• 1:39:02
  Speaker 2: you all the information. And they're Black Americans walking around
• 1:39:05
  Speaker 2: thinking apps Ap created a statue for MLK and he's
• 1:39:08
  Speaker 2: our man, when he's really just pimping out our work
• 1:39:11
  Speaker 2: and stealing our homework, like a little kid who looks
• 1:39:15
  Speaker 2: off my homework assignment and it says it's theirs. He's
• 1:39:18
  Speaker 2: a cheeter, That's what he is. And this is why
• 1:39:22
  Speaker 2: race is so complicated, because and whyatt was so important
• 1:39:26
  Speaker 2: to acknowledge John Cranley. That's what unifies us by saying
• 1:39:31
  Speaker 2: John Slanley was the mayor and allowing him to speak
• 1:39:33
  Speaker 2: and talk about why this was important to him when
• 1:39:35
  Speaker 2: he was the mayor, because you know, he's the concert.
• 1:39:39
  Speaker 2: He doesn't vote on the budget, but he's the person
• 1:39:42
  Speaker 2: that's directing the budget. So you cannot roll over John Franley.
• 1:39:46
  Speaker 2: And he was a white guy who thought the MLK
• 1:39:48
  Speaker 2: statue was important and this would be an important message
• 1:39:52
  Speaker 2: for everybody to tell. But we don't want to do that.
• 1:39:54
  Speaker 2: We want to act like it dropped out of the sky.
• 1:39:57
  Speaker 2: They had nothing to.
• 1:39:57
  Speaker 1: Do with the people that are there some maybe arguing
• 1:40:00
  Speaker 1: right now Christopher screaming at the radio, Well that was uh,
• 1:40:03
  Speaker 1: that was his opportunity, Uh to say I love the
• 1:40:07
  Speaker 1: black man. At that moment in time, I'm just.
• 1:40:12
  Speaker 5: Job.
• 1:40:12
  Speaker 2: Yeah, well let's just say telling you here's what I'm
• 1:40:16
  Speaker 2: here's no, no, it's a it's a fair comment. But
• 1:40:19
  Speaker 2: because he's silent on the issue, because he's not out
• 1:40:22
  Speaker 2: there trying to take credit for it, right, it was
• 1:40:25
  Speaker 2: an opportunity for this mayor to say, the previous administration,
• 1:40:30
  Speaker 2: the previous mayor, Patrick Gahany, these were the people that
• 1:40:35
  Speaker 2: made all of this happen, and we just at least
• 1:40:37
  Speaker 2: want to thank them for it. Right. But what they
• 1:40:39
  Speaker 2: do is they want to racially charge this crap and
• 1:40:42
  Speaker 2: act like white people didn't have anything to do with
• 1:40:44
  Speaker 2: that statue. That is my point, right, It's about the
• 1:40:47
  Speaker 2: bipartisan these are. This was a bipartisan politically Republicans, Democrats, independents,
• 1:40:53
  Speaker 2: Black Americans, white Americans who signed on that motion to
• 1:40:58
  Speaker 2: put a million dollars forward in order to make that
• 1:41:00
  Speaker 2: statue happen and to create the committee that was put
• 1:41:03
  Speaker 2: together to do it.
• 1:41:04
  Speaker 1: Cam all I'm saying, I'm glad you set the record
• 1:41:07
  Speaker 1: very clearly straight here this morning. Christopher Smithman will do
• 1:41:09
  Speaker 1: this again next Monday. God bless you, sir. Eighth five
• 1:41:14
  Speaker 1: on a Monday, and a happy Monday, do you, Brian Thomas.
• 1:41:17
  Speaker 1: I was looking forward to this time we get some
• 1:41:18
  Speaker 1: financial advice. It is time for Monday Monday with all
• 1:41:21
  Speaker 1: were financials, Brian James. Brian James, welcome back to the program,
• 1:41:24
  Speaker 1: my friend. I hope you had a wonderful weekend.
• 1:41:27
  Speaker 4: Good morning, Brian Thomas.
• 1:41:28
  Speaker 1: I did.
• 1:41:28
  Speaker 11: Indeed, we moved the youngest into college. We spent our
• 1:41:33
  Speaker 11: first evening last night as empty nesters, wandering around the
• 1:41:36
  Speaker 11: house wondering what to do with ourselfing.
• 1:41:37
  Speaker 1: Yeah, well, I won't call it a question your summary
• 1:41:39
  Speaker 1: of last night's events, given it was your first night
• 1:41:41
  Speaker 1: as empty nesters wandering around the house. Wonder what that means?
• 1:41:44
  Speaker 1: Is that what they're calling it these days, Brian James.
• 1:41:46
  Speaker 11: Anyway, I remember as the euphemism for bringing empty bins
• 1:41:50
  Speaker 11: into the basement and then then giving up and watching TV.
• 1:41:52
  Speaker 1: That's okay, Well I'll just say you're not doing it
• 1:41:55
  Speaker 1: right then. Anyway, Brian James, give us time. We're newbies.
• 1:41:59
  Speaker 1: You know the problem is in this country we just
• 1:42:01
  Speaker 1: haven't printed enough currency. All we need to do is
• 1:42:04
  Speaker 1: print what forty trillion dollars in new minted currency, and
• 1:42:07
  Speaker 1: we won't have a national debt problem anymore. Forty trillion
• 1:42:10
  Speaker 1: dollars forty thousand billion, right, I mean this is.
• 1:42:16
  Speaker 4: Lots of zeros, yes, lots.
• 1:42:19
  Speaker 1: Everybody's eyes blur over, man. I remember we were talking
• 1:42:21
  Speaker 1: about the national debt back in the Reagan years, in
• 1:42:23
  Speaker 1: the billions and billions of dollars. Are you thinking, will
• 1:42:25
  Speaker 1: We hadn't even reach one thousand trillion back then, An,
• 1:42:28
  Speaker 1: how we're at forty thousand trillion and it's doubled in
• 1:42:30
  Speaker 1: the last handful of years. This trajectory cannot last. Then,
• 1:42:34
  Speaker 1: clearly this is directly by all economists understanding. At least,
• 1:42:38
  Speaker 1: I think most the inflation problems we're dealing with largely
• 1:42:42
  Speaker 1: because we've just printed ourselves into the prosperity. That doesn't
• 1:42:45
  Speaker 1: happen when you print yourselves into prosperity, or at least
• 1:42:47
  Speaker 1: try and.
• 1:42:48
  Speaker 11: Remember, could you remember, Brian, the last time that we
• 1:42:51
  Speaker 11: talked about inflation and didn't reference printing ourselves into whatever
• 1:42:55
  Speaker 11: it is?
• 1:42:56
  Speaker 4: No, we always do this. Both parties get.
• 1:42:58
  Speaker 11: Elected by promising things we can't afford, and then here
• 1:43:01
  Speaker 11: we sit. So yeah, national debt top forty trillion last week.
• 1:43:05
  Speaker 11: Alongside that, the thirty year treasury yield hit its highest
• 1:43:08
  Speaker 11: level since two thousand and seven, and so of course
• 1:43:11
  Speaker 11: that triggers our treasure treasure Secretary Scott pscent he's got
• 1:43:13
  Speaker 11: to do something about this, right, So his announcement was
• 1:43:16
  Speaker 11: that the Treasury is going to double its scheduled buyback
• 1:43:18
  Speaker 11: program for bonds that mature in the next turn ten
• 1:43:21
  Speaker 11: to thirty years, and he's going to raise the repurchase
• 1:43:23
  Speaker 11: amount to at least four billion dollars per operation. So
• 1:43:27
  Speaker 11: that means these total buybacks would go to a minimum
• 1:43:30
  Speaker 11: of twenty eight billion dollars from September basically through the
• 1:43:33
  Speaker 11: months of September. And that sounds like technical boring stuff,
• 1:43:36
  Speaker 11: but what he's doing, he's adjusting the Treasury's normal buyback operations,
• 1:43:39
  Speaker 11: and that the result of that is to lower long
• 1:43:42
  Speaker 11: term rates by modestly shifting the composition of how that
• 1:43:45
  Speaker 11: outstanding debt looks towards the shorter end of the maturity spectrum,
• 1:43:49
  Speaker 11: so basically shortening that the amount of time that the
• 1:43:53
  Speaker 11: rest of the existing debt will come due. So that
• 1:43:56
  Speaker 11: drove interest rates down.
• 1:43:57
  Speaker 4: Briefly. We'll see if we get to keep this for
• 1:44:00
  Speaker 4: any more than a few days.
• 1:44:01
  Speaker 1: Well, I guess my question is how how is this
• 1:44:03
  Speaker 1: supposed to work? And then if he hadn't done what
• 1:44:06
  Speaker 1: he had done, what were we looking at in terms
• 1:44:08
  Speaker 1: of I guess a disaster scenario?
• 1:44:10
  Speaker 11: Brian James, Well, yeah, I mean this is the I
• 1:44:13
  Speaker 11: don't want to say disaster serean scenario. I don't want
• 1:44:15
  Speaker 11: to be, you know, alarmist about this, because we do
• 1:44:18
  Speaker 11: do stupid things in short term over the short term,
• 1:44:20
  Speaker 11: and we do tend to come back and fix them
• 1:44:22
  Speaker 11: when they get too painful. And somebody in the Republican
• 1:44:25
  Speaker 11: Party is going to have to remember that, Yes, midterms
• 1:44:27
  Speaker 11: are really around the corners, and if we make everyone
• 1:44:30
  Speaker 11: miserable the day they go to the ballot box, that's
• 1:44:32
  Speaker 11: not going to end well for anyone. So that's why
• 1:44:35
  Speaker 11: there was this little bit of a hail Mary, and
• 1:44:37
  Speaker 11: it didn't it didn't last too long.
• 1:44:39
  Speaker 4: Right, this is all last week's steff.
• 1:44:40
  Speaker 11: So the next day a lot of that turned around,
• 1:44:43
  Speaker 11: you know, not too surprising, thirty one and a half
• 1:44:45
  Speaker 11: trillion dollars in outstanding treasuries and so shifting that extra
• 1:44:48
  Speaker 11: fourteen billion dollars over the week, that's just a drop
• 1:44:51
  Speaker 11: in the bucket. We've got to do more here for
• 1:44:53
  Speaker 11: this to really have an impact.
• 1:44:54
  Speaker 1: Wow. Well, I know this. This is swirling conversations about
• 1:44:58
  Speaker 1: modern monetary theory that you can print yourself in a prosperity,
• 1:45:01
  Speaker 1: which has never worked anywhere it's been tried, I guess,
• 1:45:04
  Speaker 1: and I know the answer from the left politician, the
• 1:45:07
  Speaker 1: Bernie Sanders and AOCS. They've come out and said it,
• 1:45:10
  Speaker 1: we need tax more, we need to raise the taxes
• 1:45:12
  Speaker 1: on the evil billionaire class, and even AOC says we
• 1:45:16
  Speaker 1: need to tax at seventy percent rate people over making
• 1:45:19
  Speaker 1: more than ten million dollars. But when you add it
• 1:45:22
  Speaker 1: all together, Alicia Finley did it this morning, and many
• 1:45:24
  Speaker 1: other people have done it before. I know that it
• 1:45:28
  Speaker 1: was one of the Cato Institute crunched the numbers on
• 1:45:31
  Speaker 1: all the programs they want to put in place in
• 1:45:33
  Speaker 1: the outrageous amount that's going to cost a retaining here
• 1:45:36
  Speaker 1: somewhere between seventy and two hundred trillion. But as a
• 1:45:40
  Speaker 1: Lissa pointed out, the two point three trillion over a decade,
• 1:45:43
  Speaker 1: if you did that five percent annual wealth tax on billionaires,
• 1:45:47
  Speaker 1: tax everything they have at five percent annually, carrying complications
• 1:45:51
  Speaker 1: of its own. But that would only be two point
• 1:45:52
  Speaker 1: three trillion over a decade, and that's not even as
• 1:45:55
  Speaker 1: much as this year's deficit, So that's not going to
• 1:45:57
  Speaker 1: stop the problem. And then the other figure that was
• 1:46:00
  Speaker 1: given the if the government confiscated all of the wealth
• 1:46:03
  Speaker 1: of all of America's billionaires, you would get a total
• 1:46:05
  Speaker 1: of eight point four trillion. That would be a one
• 1:46:07
  Speaker 1: time shot. I guess they'd have to liquidate their assets
• 1:46:09
  Speaker 1: to do that. But eight point four trillion doesn't even
• 1:46:12
  Speaker 1: come close to reducing the deficit. They said that basically
• 1:46:16
  Speaker 1: puts us back to Spring twenty twenty three numbers. But
• 1:46:19
  Speaker 1: then it ends the wealth generation cycle of all the
• 1:46:22
  Speaker 1: trillionaires and billionaires that you've taxed into submission. I mean,
• 1:46:25
  Speaker 1: it doesn't work. I think, Brian, what I'm trying to
• 1:46:28
  Speaker 1: get to is Republicans and Democrats are both responsible for
• 1:46:31
  Speaker 1: the spending problem we have.
• 1:46:33
  Speaker 11: Yeah, and I'll argue one point that you made early
• 1:46:36
  Speaker 11: on in that comment that no country in history has
• 1:46:39
  Speaker 11: ever spent itself into prosperity.
• 1:46:41
  Speaker 4: I would argue, live we're living in the one that
• 1:46:43
  Speaker 4: has done.
• 1:46:43
  Speaker 11: So, it's how long it can last. We haven't that
• 1:46:46
  Speaker 11: this has been for decades. The way we've approached things
• 1:46:48
  Speaker 11: and we've simply gotten away with it because of our
• 1:46:51
  Speaker 11: economic might exactly, and that's arguably that's where it came from.
• 1:46:55
  Speaker 11: But at some point we're going to have to be
• 1:46:57
  Speaker 11: realized that we're kind of running on fumes. And then
• 1:47:00
  Speaker 11: really this will come down to society be being willing
• 1:47:03
  Speaker 11: to sacrifice something along the way. This is really literally
• 1:47:06
  Speaker 11: no different than when I'm sitting down with a household
• 1:47:08
  Speaker 11: where the problem is obvious and staring everyone in the face.
• 1:47:11
  Speaker 11: We spend more than our resources are. That means we
• 1:47:14
  Speaker 11: have to sacrifice. So I would be telling this family, hey,
• 1:47:16
  Speaker 11: we can't go out to dinner on the weekends anymore.
• 1:47:19
  Speaker 4: You're going to have to not buy the seventy thousand
• 1:47:21
  Speaker 4: dollars pickup truck.
• 1:47:22
  Speaker 11: You're going to have to maybe stuck stick to a
• 1:47:24
  Speaker 11: used thirty forty thousand dollars one. You've got to sacrifice
• 1:47:27
  Speaker 11: something somewhere, and it comes on both sides, right. It
• 1:47:30
  Speaker 11: might be Republicans have to be willing to raise taxes
• 1:47:33
  Speaker 11: somewhere on something, and Democrats are going to have to
• 1:47:37
  Speaker 11: be willing to sacrifice some pet project programs that they've
• 1:47:40
  Speaker 11: always wanted to have in place. It's just none of
• 1:47:41
  Speaker 11: it is realistic anymore. That's the point that we've hit well.
• 1:47:44
  Speaker 1: And I agree with you. You could sell an increase in taxation.
• 1:47:49
  Speaker 1: I imagine if you had a corresponding promise to cut the
• 1:47:53
  Speaker 1: size and scope of government. You know, the additional taxation
• 1:47:55
  Speaker 1: always ends up going to fund existing programs or expanding
• 1:47:58
  Speaker 1: on programs that they haven't even thought of yet. That's
• 1:48:01
  Speaker 1: the challenge. Every time additional money goes into government, they
• 1:48:04
  Speaker 1: look at it as a source of new revenue, failing
• 1:48:06
  Speaker 1: to appreciate the stuff that they've already agreed to buy
• 1:48:08
  Speaker 1: and pay for and service.
• 1:48:11
  Speaker 11: And I would argue that the pendulum swings the other way.
• 1:48:13
  Speaker 11: The one Big Beautiful Bill brought a whole bunch of
• 1:48:15
  Speaker 11: tax cuts with it, but no spending cuts. Tax cuts
• 1:48:18
  Speaker 11: and spending cuts are two different things. All we're doing
• 1:48:20
  Speaker 11: is cutting the legs out of the revenue stream, but
• 1:48:22
  Speaker 11: we're not cutting the expenses. I don't know why that
• 1:48:25
  Speaker 11: was so hard for them to bring up. And the
• 1:48:27
  Speaker 11: Republicans control everything, you know, so why can't we talk
• 1:48:30
  Speaker 11: about the and act some of the spending that we have. Honestly, Ryan,
• 1:48:34
  Speaker 11: I think it's because the public is not wanting to
• 1:48:36
  Speaker 11: be told it has to sacrifice. Yeah, you're right, So
• 1:48:38
  Speaker 11: let's not even talk about it because they won't ask well.
• 1:48:41
  Speaker 1: And isn't that exactly where Donald Trump and other Republicans
• 1:48:44
  Speaker 1: that we can grow ourselves out of our problem with spending.
• 1:48:47
  Speaker 1: But the problem that I mean if you give people
• 1:48:49
  Speaker 1: more money. I think this has been an economic reality
• 1:48:52
  Speaker 1: that his people have shown over and over again. If
• 1:48:55
  Speaker 1: you let people have more of their money, they go
• 1:48:56
  Speaker 1: out and spend it, which ends up boosting the economy
• 1:48:59
  Speaker 1: and overall tax revenues. But going back to the problem,
• 1:49:01
  Speaker 1: unless you cut back on spending, you can't grow yourself
• 1:49:04
  Speaker 1: out of the hole. You gotta stop.
• 1:49:07
  Speaker 11: That's yes, at some point. Again, that's the sacrifice that
• 1:49:10
  Speaker 11: has to be made. And as a society, our leadership
• 1:49:13
  Speaker 11: does not think we are mature enough to handle that conversation.
• 1:49:17
  Speaker 4: In so far that has worked.
• 1:49:18
  Speaker 11: That's been the platform of every party that has won
• 1:49:21
  Speaker 11: any election over the last fifty sixty seventy years. We
• 1:49:24
  Speaker 11: will give you stuff, vote for us. We'll give you
• 1:49:26
  Speaker 11: free stuff, and nobody has to pay for it.
• 1:49:28
  Speaker 1: So the party will end and people will ultimately get
• 1:49:30
  Speaker 1: that message. Well, when another great recession, or perhaps even worse,
• 1:49:35
  Speaker 1: a depression shows up well.
• 1:49:37
  Speaker 4: Sooner or later.
• 1:49:40
  Speaker 11: We have to realize that the United States government, federal government,
• 1:49:43
  Speaker 11: is the largest customer of anybody on the face of
• 1:49:45
  Speaker 11: the earth. And if we can't borrow anymore, then everyone
• 1:49:48
  Speaker 11: has lost their largest customer, their largest spender. And not
• 1:49:52
  Speaker 11: that they can't be absorbed by the private sector, but
• 1:49:54
  Speaker 11: it's not going to happen without leaving a mark at
• 1:49:56
  Speaker 11: the end of the day. Again, I don't want to
• 1:49:57
  Speaker 11: sow panic out there over this kind of stuff. The
• 1:50:00
  Speaker 11: money will still move in a circle. You got to
• 1:50:01
  Speaker 11: go to work and pay your bills. I got to
• 1:50:03
  Speaker 11: go to work and pay my bills. Everybody I'm stuck
• 1:50:05
  Speaker 11: in traffic with has the same problem. The money will
• 1:50:07
  Speaker 11: continue to move in a circle. It just could be
• 1:50:09
  Speaker 11: pretty bumpy here in the short run. We've seen that before, though,
• 1:50:12
  Speaker 11: right We've seen two thousand and eight, we've seen twenty two.
• 1:50:14
  Speaker 11: Every now and then there's a panic. As long as
• 1:50:16
  Speaker 11: you are have arranged your finances in a process where
• 1:50:20
  Speaker 11: your dollars that are due today to pay your bills
• 1:50:22
  Speaker 11: are not exposed to it, then in the long run
• 1:50:24
  Speaker 11: you're going to be okay. In the short run, buckle
• 1:50:26
  Speaker 11: up and put your trade table in the upright posiess.
• 1:50:29
  Speaker 1: Well and the almost comical if it weren't so well
• 1:50:32
  Speaker 1: representative of an existential threat. If there is another two
• 1:50:35
  Speaker 1: thousand and eight, or there is another recession of any
• 1:50:37
  Speaker 1: any sort, what's the response from our lords and masters
• 1:50:40
  Speaker 1: and government Brian James, like COVID, what do we need
• 1:50:43
  Speaker 1: to do? Oh my god, it's a crisis. The economy
• 1:50:45
  Speaker 1: is going down. We need to print more dollars. Yeah, exactly,
• 1:50:49
  Speaker 1: And that's.
• 1:50:50
  Speaker 11: A golf club we will not have in the bag
• 1:50:52
  Speaker 11: anymore if other countries get to Remember if we're printing dollars, well,
• 1:50:55
  Speaker 11: what that really means is we're wanting other countries to
• 1:50:57
  Speaker 11: buy our debt. That's what that means. We're borrowing money
• 1:51:00
  Speaker 11: from other countries, and we could get to a point.
• 1:51:02
  Speaker 11: I don't see this happening soon, though, because the United
• 1:51:05
  Speaker 11: States is still by far the largest economic entity on
• 1:51:08
  Speaker 11: the face of the earth. But there are more and
• 1:51:10
  Speaker 11: more discussions happening between and among countries about maybe we
• 1:51:13
  Speaker 11: need to have a little less exposure to US debt.
• 1:51:16
  Speaker 11: That is happening more so than in the past.
• 1:51:17
  Speaker 1: Well and a fan thing will bring the head to
• 1:51:19
  Speaker 1: the overspending conversation. Maybe it's just that, Brian, Perhaps it's
• 1:51:22
  Speaker 1: a good thing. We're all worried and talking about this now.
• 1:51:25
  Speaker 11: That's exactly right. If I don't have somebody to lend,
• 1:51:28
  Speaker 11: I can't borrow.
• 1:51:29
  Speaker 1: Brian James Money Monday. We're going to talk to him
• 1:51:31
  Speaker 1: about what is an index universal life insurance policy and
• 1:51:34
  Speaker 1: should you get one? More with Brian James Don't Go
• 1:51:37
  Speaker 1: Away fifty five KARC The Talk Station eight nineteen fifty
• 1:51:43
  Speaker 1: five KRCD Talk Station Brian Thomas with Brian James doing
• 1:51:47
  Speaker 1: the Money Monday segment. He's with all of financial he's
• 1:51:50
  Speaker 1: the course of financial plan which is a good idea
• 1:51:52
  Speaker 1: to get one so they can keep you out of
• 1:51:53
  Speaker 1: trouble and keep your investments going right. And oh, a
• 1:51:55
  Speaker 1: fiduciary obligation to you. That's critical when you're getting a
• 1:51:58
  Speaker 1: financial planner and someone who can tell you whether or
• 1:52:00
  Speaker 1: not buying an index universal life insurance policy is a
• 1:52:03
  Speaker 1: good idea. First off, Brian James, what is an index
• 1:52:06
  Speaker 1: universal life insurance policy?
• 1:52:09
  Speaker 4: Yeah, let's start there.
• 1:52:10
  Speaker 11: So index universal life policy it's permanent life insurance, so
• 1:52:14
  Speaker 11: that's of course different than term term is twenty years
• 1:52:17
  Speaker 11: thirty years. And then here's a misnomer about term. Term
• 1:52:20
  Speaker 11: insurance doesn't mean the policy goes away. It means the
• 1:52:22
  Speaker 11: premium goes away. You could still be insured for that
• 1:52:24
  Speaker 11: fifteen hundred dollars a year or whatever you're paying for
• 1:52:27
  Speaker 11: your cheap term insurance you got when the kids were babies,
• 1:52:30
  Speaker 11: but after the twenty or thirty year term is up,
• 1:52:32
  Speaker 11: the premium might now be four five thousand dollars. But
• 1:52:35
  Speaker 11: that's not what we're talking about today. We're talking about
• 1:52:37
  Speaker 11: permanent life, specifically iul's Index Universal Life. So the way
• 1:52:42
  Speaker 11: that works, that's designed to stay enforce your whole life
• 1:52:44
  Speaker 11: as long as it's got enough money in it. Part
• 1:52:46
  Speaker 11: of every premium that you invest in that you put
• 1:52:49
  Speaker 11: into it buys life insurance. The rest the overage is
• 1:52:53
  Speaker 11: what's called the policy's cash value. That cash value earns
• 1:52:57
  Speaker 11: interest that is tied to a market index. Most often
• 1:52:59
  Speaker 11: that's the the S and P five hundred, right, the
• 1:53:01
  Speaker 11: five hundred largest companies in the United States. Now, notice
• 1:53:04
  Speaker 11: what I said, though it's not invested in the S
• 1:53:06
  Speaker 11: and P five hundred, You don't own stocks inside insurance policy. Instead,
• 1:53:11
  Speaker 11: the insurance company credits interest based on a big, huge
• 1:53:14
  Speaker 11: algorithm tied to the market. So if the market falls,
• 1:53:17
  Speaker 11: those policies have what's called a floor, meaning your credited
• 1:53:20
  Speaker 11: return can't go below zero. So, yes, it is a
• 1:53:22
  Speaker 11: true statement to say that these can be structured in
• 1:53:25
  Speaker 11: a way where there's some principal protection. However, there's a
• 1:53:28
  Speaker 11: trade off. If the market rises twenty five percent, as
• 1:53:31
  Speaker 11: we've had many of the last three years here, you
• 1:53:34
  Speaker 11: won't get that.
• 1:53:35
  Speaker 4: There's going to be a cap.
• 1:53:35
  Speaker 11: It might be ten percent, it could be twelve percent
• 1:53:38
  Speaker 11: something like that. There could be a participant patient rate,
• 1:53:41
  Speaker 11: meaning you only get x percent of the market market
• 1:53:43
  Speaker 11: does on the way up.
• 1:53:44
  Speaker 4: So it's a little bit different than.
• 1:53:45
  Speaker 1: A standard investment, Okay, and I get that. You get
• 1:53:49
  Speaker 1: some peace of mind knowing you're always going to get
• 1:53:51
  Speaker 1: something as a return, but you might miss out on
• 1:53:53
  Speaker 1: some of those huge years. That's sort of sum that up,
• 1:53:56
  Speaker 1: all right.
• 1:53:57
  Speaker 11: Yeah, that's exactly and again pitching these as negative.
• 1:54:01
  Speaker 4: They're a tool like anything else.
• 1:54:03
  Speaker 11: Sure, sure, the hammer, I can build a bird house
• 1:54:05
  Speaker 11: or hit myself in the head with it. It depends on
• 1:54:06
  Speaker 11: what I do with that tool.
• 1:54:08
  Speaker 1: Right.
• 1:54:08
  Speaker 4: Well, so first off, you need death benefit. That's important.
• 1:54:11
  Speaker 4: Go ahead.
• 1:54:11
  Speaker 1: I'm sorry by no, no, I was just you can go
• 1:54:12
  Speaker 1: ahead and finish. I just would ask you to draw
• 1:54:14
  Speaker 1: a distinction between this and the whole life insurance.
• 1:54:17
  Speaker 11: Sure, whole life is kind of that's the old school
• 1:54:20
  Speaker 11: insurance that basically has invested in extremely conservative types of things.
• 1:54:24
  Speaker 11: Used to be when interest rates were Remember we don't
• 1:54:27
  Speaker 11: like high interest rates. We've got two generations now that
• 1:54:29
  Speaker 11: are addicted to low rates. Interest rates used to be
• 1:54:32
  Speaker 11: significantly higher in the forties, fifties, and sixties. You could
• 1:54:34
  Speaker 11: buy permanent a whole life policy that was again a
• 1:54:39
  Speaker 11: permanent policy, and it might get you six seven eight
• 1:54:41
  Speaker 11: percent return guaranteed.
• 1:54:43
  Speaker 4: That's pretty darn good.
• 1:54:44
  Speaker 11: It's been forever since we've seen interest rates, except for
• 1:54:47
  Speaker 11: a very very brief interlude with them a few years
• 1:54:50
  Speaker 11: ago during COVID. We just haven't seen sustained interest rates
• 1:54:54
  Speaker 11: like that. Nor do we want that, right, we don't
• 1:54:56
  Speaker 11: necessarily want that. But a whole life is very limited.
• 1:54:58
  Speaker 11: Universal means you have invest choices inside the policy variable
• 1:55:03
  Speaker 11: or index. Universal means those investment choices include the stock market.
• 1:55:07
  Speaker 1: All right. So since the headline and the subject matter
• 1:55:11
  Speaker 1: is who should and who shouldn't buy a universal life
• 1:55:14
  Speaker 1: insurance policy. Who are these good foreign who might want
• 1:55:18
  Speaker 1: to steer clear of them?
• 1:55:18
  Speaker 4: Brian, here are the concerns.
• 1:55:21
  Speaker 11: Oftentimes these things are pissed pitched as one size fits all.
• 1:55:24
  Speaker 4: This is everything. It's the Swiss army knife of finances.
• 1:55:27
  Speaker 2: Right.
• 1:55:27
  Speaker 11: You get death benefit, you get protected or a tax
• 1:55:31
  Speaker 11: sheltered investment growth, you get the growth of the stock
• 1:55:34
  Speaker 11: market and all those kinds of things. And all of
• 1:55:36
  Speaker 11: that is technically true. But I'll tell you when having
• 1:55:38
  Speaker 11: been on the other end of these after people have
• 1:55:40
  Speaker 11: had them for twenty or thirty years and maybe they
• 1:55:42
  Speaker 11: don't need the death benefit anymore because the kids are
• 1:55:45
  Speaker 11: up and out, the mortgage has paid off all that stuff.
• 1:55:47
  Speaker 4: They just don't need that death benefit.
• 1:55:49
  Speaker 11: And they look at the pile of money and they'll say, hey,
• 1:55:50
  Speaker 11: that did pretty well. And where I kind of have
• 1:55:52
  Speaker 11: to burst the bubble is to say, yeah, it did
• 1:55:54
  Speaker 11: fine you in this index universal life. But here's the
• 1:55:57
  Speaker 11: years the market did twenty five percent and you got
• 1:56:00
  Speaker 11: over fourteen or whatever, So you gave up your snowball effect.
• 1:56:04
  Speaker 11: And here's another thing, even the growth that has happened
• 1:56:06
  Speaker 11: within it, remember to access that if you want to
• 1:56:09
  Speaker 11: access it during life, you are paying income taxes on
• 1:56:11
  Speaker 11: those gains. You can borrow against the policy. If this
• 1:56:14
  Speaker 11: is a massive overstuffed with cash policy, then yes, you
• 1:56:17
  Speaker 11: can technically borrow against it. But if you're somebody who's
• 1:56:19
  Speaker 11: got fifty sixty seventy thousand dollars, that's not going to
• 1:56:22
  Speaker 11: sustain you for the rest of your life. So in
• 1:56:24
  Speaker 11: that case, you're simply taking withdrawals. And what you did
• 1:56:27
  Speaker 11: was you converted something that grew and should be taxes
• 1:56:29
  Speaker 11: a capital gain. You've chosen to have a taxes ordinary income,
• 1:56:33
  Speaker 11: which is always going to be a little weaker than
• 1:56:34
  Speaker 11: the capital gain.
• 1:56:35
  Speaker 2: Side of things.
• 1:56:35
  Speaker 1: All right, since you mentioned a floor, you know the
• 1:56:38
  Speaker 1: loss isn't quite often market sustains massive losses COVID nineteen
• 1:56:41
  Speaker 1: what people lost a quarter of their investment or a
• 1:56:43
  Speaker 1: half or whatever. There has been bad years like that.
• 1:56:46
  Speaker 1: The upside with this universal life is at least you
• 1:56:49
  Speaker 1: wouldn't lose a third of your investment.
• 1:56:53
  Speaker 11: That is true, and that's why I think they can
• 1:56:56
  Speaker 11: serve a decent role as long as if there's a
• 1:56:58
  Speaker 11: there's a need for death benefit, start there.
• 1:57:00
  Speaker 4: If you need insurance to put it on the table
• 1:57:01
  Speaker 4: as an option.
• 1:57:03
  Speaker 11: But in the case you just describe, you're talking about
• 1:57:05
  Speaker 11: somebody who who's got other diversified portfolios that do not
• 1:57:08
  Speaker 11: have the constraints that money inside of an insurance policy does.
• 1:57:12
  Speaker 4: And let's say here's an example.
• 1:57:13
  Speaker 11: Let's say you've got a family with children with special
• 1:57:16
  Speaker 11: needs and those needs aren't going to go away when
• 1:57:17
  Speaker 11: they turn eighteen or twenty one.
• 1:57:18
  Speaker 4: They're always going to need support.
• 1:57:20
  Speaker 11: That's a person who probably needs permanent, ongoing life insurance
• 1:57:24
  Speaker 11: even if they have significant assets, because there's another human
• 1:57:27
  Speaker 11: being out there that's going to live forty fifty sixty
• 1:57:29
  Speaker 11: years longer than the owner. So that's a case where
• 1:57:32
  Speaker 11: we need death benefit. But the investment growth can help
• 1:57:35
  Speaker 11: create that death meth.
• 1:57:36
  Speaker 1: Makes sense to me, Brian James looking at the big picture.
• 1:57:39
  Speaker 1: It's good for some, maybe not as good for others,
• 1:57:40
  Speaker 1: but it's an option that may be considered. And of
• 1:57:42
  Speaker 1: course you got a guy like Brian James in your corner,
• 1:57:45
  Speaker 1: it might be an option you will discuss. There's one
• 1:57:47
  Speaker 1: another benefit right there, Brian James. I understand more people
• 1:57:51
  Speaker 1: using AI for financial advice. Is Brian James using AI
• 1:57:54
  Speaker 1: in terms of his management of people's portfolios. What's the
• 1:57:57
  Speaker 1: story we'll find out next with Money mondays Brian James.
• 1:58:01
  Speaker 1: Fifty five KRC PERC Deep Talk Station twenty eight If if
• 1:58:05
  Speaker 1: you have KERCD talk station, Happy Monday, Money Money with
• 1:58:08
  Speaker 1: Brian James. One more segment Brian, before we get to
• 1:58:10
  Speaker 1: our economist guests. Next, Todd Sheets. Yes, we have no
• 1:58:15
  Speaker 1: free burritos his op ed. He'll break that down coming up,
• 1:58:17
  Speaker 1: kind of continuing the theme this morning, springing from the
• 1:58:19
  Speaker 1: forty trillion dollar debt. Brian James. It's nuanced, That's what
• 1:58:23
  Speaker 1: it is. AI using AI for investment of ice. That's
• 1:58:27
  Speaker 1: when nerd Wallet concluded. Anyway, what's the story AI? It
• 1:58:30
  Speaker 1: sounds like something people would logically turn to. More and
• 1:58:33
  Speaker 1: more people turning to AI for like a multitude of questions,
• 1:58:36
  Speaker 1: including getting therapy and things like that. I'm a little jaded,
• 1:58:40
  Speaker 1: in cynical and skeptical the whole concept, Brian James. But
• 1:58:42
  Speaker 1: where do you come down on this in so far
• 1:58:44
  Speaker 1: as brokering personal financial advice?
• 1:58:48
  Speaker 4: I think it can be a power.
• 1:58:49
  Speaker 11: I think it is a powerful tool. And the way
• 1:58:51
  Speaker 11: I think about it is Google on steroids. So if
• 1:58:54
  Speaker 11: I ask Google a question that's going to give me
• 1:58:56
  Speaker 11: thirty forty fifty articles to go read myself. If I
• 1:58:59
  Speaker 11: asked that scene question of chat GPT, it's going to
• 1:59:02
  Speaker 11: go read those articles and draw some conclusions for me
• 1:59:05
  Speaker 11: basically summarizing all those And the fact that it does
• 1:59:07
  Speaker 11: it in you know, thirty to sixty seconds is pretty amazing.
• 1:59:10
  Speaker 11: That's where I think it's powerful, and that's where I
• 1:59:12
  Speaker 11: think it's most it's being mostly used. But we're talking
• 1:59:14
  Speaker 11: about this this morning because of a survey that nerd
• 1:59:17
  Speaker 11: Wallet conducted and they concluded that more than one in
• 1:59:20
  Speaker 11: four Americans have now used chat GPT or something like
• 1:59:23
  Speaker 11: it to ask a personal financial question. That doesn't mean
• 1:59:25
  Speaker 11: what's gonna they're asking necessarily what's going to make me
• 1:59:28
  Speaker 11: a bazillion dollars this afternoon?
• 1:59:29
  Speaker 4: Although I'm sure that question guarantee plenty out there.
• 1:59:32
  Speaker 11: I suspect chat GPT is going to answer that pretty
• 1:59:35
  Speaker 11: pretty much like I would from a fiduciary standpoint, that
• 1:59:38
  Speaker 11: there areate no such thing anyway, you know, but it's
• 1:59:40
  Speaker 11: already here. It's not whether people should use it, it's
• 1:59:42
  Speaker 11: how they're using it. So the survey of two thousand people,
• 1:59:46
  Speaker 11: the results were somewhat encouraging, others a little scary. The
• 1:59:49
  Speaker 11: number one people cited that the reason that people said
• 1:59:52
  Speaker 11: they use it is speed. They just want a quick
• 1:59:54
  Speaker 11: answer to something. What's the roth IRA contribution limit this year,
• 1:59:57
  Speaker 11: or how does the backdoor roth conversion work?
• 1:59:59
  Speaker 4: Those kinds of things.
• 2:00:00
  Speaker 11: Another twenty eight percent said they liked getting advice without
• 2:00:03
  Speaker 11: feeling judged. I'm not sure where that comes from, although
• 2:00:07
  Speaker 11: there might be a corner of my industry that isn't.
• 2:00:09
  Speaker 4: Exactly working with people that could be heir.
• 2:00:11
  Speaker 11: But you know, again this beat and not digging through
• 2:00:13
  Speaker 11: ten websites for the same answer, that.
• 2:00:15
  Speaker 6: Kind of thing.
• 2:00:16
  Speaker 1: Well, I guess I'm concerned about the the real phenomenon
• 2:00:20
  Speaker 1: that is, you know, we've all come to know garbage in,
• 2:00:22
  Speaker 1: garbage out. There's all kinds of reports about how AI
• 2:00:26
  Speaker 1: reaches its conclusions. It goes out into the vast quantity
• 2:00:29
  Speaker 1: of unlimited information in the world and you know, parses
• 2:00:33
  Speaker 1: through it and then comes up with some sort of
• 2:00:34
  Speaker 1: consolidated answer. But if you feed AI enough lies and
• 2:00:39
  Speaker 1: repeat it over and over again. There was a Reddit
• 2:00:42
  Speaker 1: subgroup that did this and they hit some It was
• 2:00:45
  Speaker 1: really strange, like Donald Trump was dead, and that it
• 2:00:49
  Speaker 1: was I joked last week it was something like a
• 2:00:51
  Speaker 1: rabid cockroach killed him. It was some bizarre story that
• 2:00:53
  Speaker 1: no one would ever believe. But they Reddit subgroup went
• 2:00:56
  Speaker 1: and repeated it over and over again. They went out
• 2:00:58
  Speaker 1: into the world to other webs sites and Twitter accounts
• 2:01:01
  Speaker 1: and TikTok accounts and said the same thing and ultimately
• 2:01:04
  Speaker 1: build up sufficient volume of data saying that this had
• 2:01:07
  Speaker 1: actually happened that well. AI actually adopted it as an
• 2:01:11
  Speaker 1: answer to a question, you know what happened to Donald Trump?
• 2:01:13
  Speaker 1: How did he die? And would give you an answer.
• 2:01:15
  Speaker 1: I mean, I'm sure the same thing could go on
• 2:01:16
  Speaker 1: in so far as financial information is concerned out there.
• 2:01:18
  Speaker 1: So how do you know if the information you're reading
• 2:01:20
  Speaker 1: is actually worth relying on?
• 2:01:23
  Speaker 4: Well, I think it's the same old ad as you're not.
• 2:01:26
  Speaker 11: You can't ask any tool, or frankly, any human being
• 2:01:29
  Speaker 11: live my life for me, make all my decisions for me,
• 2:01:32
  Speaker 11: and make it easy.
• 2:01:33
  Speaker 4: You cannot do that.
• 2:01:34
  Speaker 11: You can't trust anyone has got or tool has got
• 2:01:36
  Speaker 11: your best interest in their minds. So what I would
• 2:01:40
  Speaker 11: say is that same old adage, trust but verify, Let
• 2:01:42
  Speaker 11: it give you information, ask it more questions challenge it.
• 2:01:45
  Speaker 11: I always do that just to make sure, and I've
• 2:01:47
  Speaker 11: literally used they talk to it like a human being, right,
• 2:01:50
  Speaker 11: it's not a Google search. If you talk to it
• 2:01:51
  Speaker 11: like a human being, it will respond like a human being,
• 2:01:53
  Speaker 11: and you can challenge it to go double check.
• 2:01:55
  Speaker 4: Are you sure about that?
• 2:01:57
  Speaker 11: I literally have typed that in and it has come
• 2:01:59
  Speaker 11: back with better information, So, oh good. Maybe I think
• 2:02:02
  Speaker 11: the good thing is you can come to the table
• 2:02:04
  Speaker 11: with less information than you've had to have in the past,
• 2:02:06
  Speaker 11: but you still can't come to the table with no information.
• 2:02:09
  Speaker 11: It's just like any other advisor or tool or anything else.
• 2:02:12
  Speaker 1: Well, I suppose another question worth asking why you're doing
• 2:02:16
  Speaker 1: this exercise is to tell chat GPT or whatever AI
• 2:02:19
  Speaker 1: program you're using to provide you the source material for
• 2:02:22
  Speaker 1: its conclusions.
• 2:02:24
  Speaker 4: It does, and a lot of people ignore that.
• 2:02:26
  Speaker 11: Matter of fact, it chat GPT anyway does that by default,
• 2:02:28
  Speaker 11: because when I ask a question, for example, I can
• 2:02:31
  Speaker 11: never remember what this year's Wroth contribution limits are, so
• 2:02:35
  Speaker 11: I always go to chat Gypt and it tells me
• 2:02:37
  Speaker 11: what it is, and then right underneath it, there's a
• 2:02:39
  Speaker 11: little link to the article and it's usually straight from
• 2:02:41
  Speaker 11: the irs that lays out the table of these things,
• 2:02:44
  Speaker 11: so I use it for a little factual information like
• 2:02:46
  Speaker 11: that frequently.
• 2:02:47
  Speaker 4: Here's another example.
• 2:02:48
  Speaker 11: I have a client who worked for P and G
• 2:02:50
  Speaker 11: and moved here from Canada asking me questions about how
• 2:02:52
  Speaker 11: the Canadian retirement plan works with the American one. That's
• 2:02:56
  Speaker 11: something where I'm going to need a little bit of
• 2:02:57
  Speaker 11: help to put together, and I definitely use chat GP
• 2:03:00
  Speaker 11: to find me the resources.
• 2:03:01
  Speaker 4: I'm not going to.
• 2:03:02
  Speaker 11: Follow the bullets it gives me, but I absolutely will
• 2:03:04
  Speaker 11: follow the articles it gives me.
• 2:03:07
  Speaker 1: And that's the direction I would go, because I wouldn't
• 2:03:09
  Speaker 1: trust anything coming out of it without looking at the
• 2:03:11
  Speaker 1: source material, because the source material, you know, from my
• 2:03:14
  Speaker 1: personal experience, may be well questionable. You know, there are
• 2:03:18
  Speaker 1: I know, political bias when I read to Brian James
• 2:03:20
  Speaker 1: and I go to a lot of different politically bias
• 2:03:22
  Speaker 1: sides from both sides of political ledger. But it's so seeming,
• 2:03:24
  Speaker 1: it's so apparent to me that I always know that
• 2:03:26
  Speaker 1: you know what raised eyebrow of skepticism with regard to
• 2:03:30
  Speaker 1: anything I read, because quite often you'll find the truth
• 2:03:32
  Speaker 1: lies somewhere in the middle. But reading the source material,
• 2:03:34
  Speaker 1: I think could be provide valuable information. And to your point,
• 2:03:37
  Speaker 1: if you want to know what the max on the
• 2:03:39
  Speaker 1: roth Ira contribution is the only place you can really
• 2:03:42
  Speaker 1: find the truth on it is the government website, which
• 2:03:44
  Speaker 1: establishes what the max is right exactly.
• 2:03:46
  Speaker 4: From the horse's mouth.
• 2:03:48
  Speaker 11: And I've literally said, you give me official government sources,
• 2:03:50
  Speaker 11: right you will limit to the irs. Doesn't summarize anything,
• 2:03:54
  Speaker 11: so it has to do a little extra work, but
• 2:03:56
  Speaker 11: it does work. It's pretty powerful for tools like that.
• 2:03:59
  Speaker 11: But again, hold my hand, live my life for me.
• 2:04:01
  Speaker 11: That is not what it's for.
• 2:04:03
  Speaker 1: But at least in so far if you want a
• 2:04:05
  Speaker 1: quick question answered, it's an okay starting point, but just
• 2:04:08
  Speaker 1: don't let that be the end all be all. Maybe
• 2:04:10
  Speaker 1: is that.
• 2:04:10
  Speaker 11: It it's a fabulous starting point. I mean, it's a
• 2:04:13
  Speaker 11: huge time saver to go go find me, you know,
• 2:04:16
  Speaker 11: Like I said, Google will find fifty articles, all of
• 2:04:18
  Speaker 11: which probably say the same thing, buried inside of paragraphs
• 2:04:21
  Speaker 11: and ads. Chat GPT will read it, pull out that
• 2:04:23
  Speaker 11: information without shoving ads in your face.
• 2:04:25
  Speaker 1: Brian James, Brian James, Smallwerth Financial appreciate your business loaning
• 2:04:29
  Speaker 1: you out for these segments. Every Monday, We'll do it
• 2:04:32
  Speaker 1: again next Monday, and have a wonderful week between now
• 2:04:35
  Speaker 1: and then, my friend.
• 2:04:36
  Speaker 4: All right, you too. I will report back on my
• 2:04:38
  Speaker 4: first week as an empty nester. We'll see how that goes.
• 2:04:40
  Speaker 2: Well.
• 2:04:40
  Speaker 1: Learn to love it, man, there's a lot of pluses
• 2:04:42
  Speaker 1: to that, a lot, trust me. Been there a thirty
• 2:05:02
  Speaker 1: nine to fifty five KCD talk station. Very happy Monday
• 2:05:04
  Speaker 1: to you. It's been an economic day as the realities
• 2:05:06
  Speaker 1: of forty trillion dollars in debt sink in more and
• 2:05:09
  Speaker 1: more people complaining about it and realizing the existential threat
• 2:05:12
  Speaker 1: it faces us. Todd Sheets knows about economics. He graduated
• 2:05:15
  Speaker 1: with honors from the University of Iowa and won the
• 2:05:17
  Speaker 1: prestigious Elijah Watts Sells Award on the nineteen eighty one
• 2:05:20
  Speaker 1: CPA Exam, and then went on to embarking and current
• 2:05:22
  Speaker 1: investment banking. In the late eighties, he initiated the I
• 2:05:26
  Speaker 1: led the Raymond James Financial Recovering Markets program, bringing undervalued
• 2:05:30
  Speaker 1: apartment properties into stress markets, all later sold at a
• 2:05:33
  Speaker 1: profit to the firm's investors. Also founded and served as
• 2:05:36
  Speaker 1: managing director of RJ's highly regarded public real estate investment
• 2:05:40
  Speaker 1: banking practice before retiring to devote himself to long held
• 2:05:43
  Speaker 1: interest in investing, economic history, psychology, writing and music. Interesting
• 2:05:49
  Speaker 1: retirement choices there. Welcome to the program, Todd Sheets. Yes
• 2:05:52
  Speaker 1: there are no free burritos. I love your op ed piece.
• 2:05:55
  Speaker 1: It's great to have you on the morning show.
• 2:05:56
  Speaker 10: Sir, Hey, Brian's great to be with you all.
• 2:06:00
  Speaker 1: Well, you know, I had a conversation earlier. A gentleman
• 2:06:02
  Speaker 1: called in and wanted to know if it was worth
• 2:06:04
  Speaker 1: even trying to convince these well I will call them
• 2:06:07
  Speaker 1: craze leftists trying to engage in a debate to have
• 2:06:10
  Speaker 1: a conversation with him. I said, well, it depends on
• 2:06:11
  Speaker 1: who you're talking with. I always think it's a good
• 2:06:13
  Speaker 1: idea to try and engage in conversation. But if you
• 2:06:16
  Speaker 1: are talking with, you know, a blue haired leftist radical
• 2:06:19
  Speaker 1: who just screams and calls you names, it's probably not
• 2:06:21
  Speaker 1: worth the effort. But if you're going to engage in
• 2:06:24
  Speaker 1: the effort, I always think it's a great place to
• 2:06:25
  Speaker 1: start with dollars and cents. Reality. You can't get around math,
• 2:06:31
  Speaker 1: can you. So if you're looking at someone who wants
• 2:06:33
  Speaker 1: to have Medicare for all or any of the other
• 2:06:36
  Speaker 1: wildly popular Socialist Party of America programs. You got to
• 2:06:40
  Speaker 1: look at what it's going to cost, and that's when
• 2:06:43
  Speaker 1: the reality sets in. There isn't enough money. It's widely reported.
• 2:06:46
  Speaker 1: If you took all the money from all the billionaires
• 2:06:49
  Speaker 1: and put it all together, you'd have a total of
• 2:06:50
  Speaker 1: eight point four trillion dollars, which only would take us
• 2:06:53
  Speaker 1: back to nineteen or to twenty twenty three levels of debt.
• 2:06:57
  Speaker 1: So that's not an explanation. You can't tax people into
• 2:07:00
  Speaker 1: the nut. We have a spending problem in this country,
• 2:07:02
  Speaker 1: but the problem with the printing press as we go
• 2:07:05
  Speaker 1: back to what happened during COVID in prior years of
• 2:07:07
  Speaker 1: Keynesian economics, the dollar is worth one third less than
• 2:07:10
  Speaker 1: it was ten years ago or less, which is why
• 2:07:12
  Speaker 1: the price of a brito may have gone up. Maybe
• 2:07:14
  Speaker 1: huh god, Yeah, look.
• 2:07:17
  Speaker 10: I mean, Brian, you're exactly right. One of the things
• 2:07:21
  Speaker 10: that the left has figured out how to do over
• 2:07:23
  Speaker 10: the last twelve months, starting mostly with Zor and Mamdani
• 2:07:27
  Speaker 10: and winning in New York as a socialist, is they
• 2:07:31
  Speaker 10: figured out how to turn Biden's affordability crisis into Trump's
• 2:07:36
  Speaker 10: political problem. Yeah, and there's no question when whenever they
• 2:07:41
  Speaker 10: engage in a spending blowout like Biden did after he
• 2:07:45
  Speaker 10: came in post COVID. The economy had already recovered at
• 2:07:49
  Speaker 10: that point in time. It wasn't like we were still
• 2:07:51
  Speaker 10: in the midst of a recession. They engaged in two
• 2:07:55
  Speaker 10: spending blowouts that gave us the worst inflation since the
• 2:07:59
  Speaker 10: nineteen seventies, which is what pushed burrito prices, home prices,
• 2:08:03
  Speaker 10: and everything else up so much. And unfortunately, you know,
• 2:08:08
  Speaker 10: this is what we always get with the spending blowouts
• 2:08:11
  Speaker 10: that the party keeps proposing.
• 2:08:13
  Speaker 9: And now what we've got is, Mom, Donnie at.
• 2:08:15
  Speaker 10: All, you know, basically trying to give everything away for
• 2:08:18
  Speaker 10: free as a way to get elected, and we're going
• 2:08:21
  Speaker 10: to end up back in the same place. We're either
• 2:08:23
  Speaker 10: going to see a big run up in depths like
• 2:08:25
  Speaker 10: we saw under Obama when he engaged in a somewhat
• 2:08:29
  Speaker 10: reckless spending program, and then we are inflation like we
• 2:08:33
  Speaker 10: saw under Biden.
• 2:08:34
  Speaker 9: So yeah, I think you hit the nail on the
• 2:08:35
  Speaker 9: head there.
• 2:08:36
  Speaker 1: Well, you know the other Sorry, I just sort of
• 2:08:39
  Speaker 1: glumbed onto this, my mom, And you're talking about Zoron
• 2:08:41
  Speaker 1: mam Damian for example, his you know, discount grocery stores.
• 2:08:45
  Speaker 1: We're going to be complete with the private market. I
• 2:08:47
  Speaker 1: saw an article, you know, every don't let a good
• 2:08:49
  Speaker 1: crisis go to waste. Groceries are not affordable. We need
• 2:08:52
  Speaker 1: state run grocery stores. But then the independent grocery store say, well,
• 2:08:56
  Speaker 1: whoa wait a minute, how can we compete? How can
• 2:08:57
  Speaker 1: we pay our employees? We have electric bills, we have
• 2:09:00
  Speaker 1: property tax bills. Government business doesn't. There was a proposal
• 2:09:03
  Speaker 1: out of one of these New York entities that is
• 2:09:05
  Speaker 1: responsible for all this crazy nonsense about well, creating a
• 2:09:09
  Speaker 1: program for the private independent grocers so they could get
• 2:09:12
  Speaker 1: grants or waivers for this, that and the other thing.
• 2:09:14
  Speaker 1: It's like, wait a second, are you kidding me? The
• 2:09:17
  Speaker 1: genesis behind them having a problem that you are now
• 2:09:19
  Speaker 1: going to try to rescue the world with. Is you
• 2:09:21
  Speaker 1: starting to go down the road of state run grocery
• 2:09:24
  Speaker 1: stores that have never worked ever in the history when
• 2:09:26
  Speaker 1: they've been tried.
• 2:09:29
  Speaker 5: Yeah, you know.
• 2:09:30
  Speaker 10: I like to call this the socialist doom loopy. And
• 2:09:33
  Speaker 10: what happens is you start with some measure that let's
• 2:09:38
  Speaker 10: say you start with the Biden deficit spending, which pushes
• 2:09:42
  Speaker 10: inflation up instead of acknowledging where the problem started and
• 2:09:47
  Speaker 10: what really caused it. You then blame that on the
• 2:09:50
  Speaker 10: private markets or on capitalism or anything other than what
• 2:09:54
  Speaker 10: actually caused it, which was your policies or the policies
• 2:09:57
  Speaker 10: of your party. So then because you're not looking at
• 2:10:00
  Speaker 10: what really caused the problem, you're not going to solve
• 2:10:03
  Speaker 10: it because what you do is you go back to
• 2:10:05
  Speaker 10: the same well with another solution or something slightly different.
• 2:10:08
  Speaker 10: Like you said, now they're talking about spending a bunch
• 2:10:11
  Speaker 10: of money to create government run stores. As you're pointing out,
• 2:10:16
  Speaker 10: those things will put private owners out of business, as
• 2:10:19
  Speaker 10: we've seen everywhere else these things have been tried, just
• 2:10:22
  Speaker 10: like public housing or whatever the issue is. The grocery
• 2:10:26
  Speaker 10: stores will fail, but they'll use the failure as an
• 2:10:29
  Speaker 10: excuse to say, see, this shows that we need even
• 2:10:32
  Speaker 10: more of it because capitalism is failing even more and
• 2:10:35
  Speaker 10: it just goes. This is how you pile one thing
• 2:10:37
  Speaker 10: on top of another until you end up like a
• 2:10:40
  Speaker 10: Venezuela or a Cuba or all the other places in
• 2:10:43
  Speaker 10: the world. Socialism has been tried and failed, and most importantly,
• 2:10:48
  Speaker 10: it has failed and hit hardest for the people that
• 2:10:51
  Speaker 10: they're always claiming that they want to help with all
• 2:10:54
  Speaker 10: of these programs.
• 2:10:55
  Speaker 1: Well, and you mentioned the Biden idea of pumping trullions
• 2:11:00
  Speaker 1: of additional dollars in the economy after the economy was
• 2:11:02
  Speaker 1: already recovering. I mean, isn't the whole idea behind Keynesian
• 2:11:05
  Speaker 1: economics is to when you are in a time of crisis,
• 2:11:09
  Speaker 1: like depressions or recessions, that you need to run the
• 2:11:13
  Speaker 1: government printing press, decide to settle things down for people
• 2:11:16
  Speaker 1: until the crisis is over. We run this printing press constantly,
• 2:11:20
  Speaker 1: even in the best of times, do we not.
• 2:11:23
  Speaker 9: Yeah, this has been.
• 2:11:24
  Speaker 10: One of the great mistakes that we've made. And you know,
• 2:11:28
  Speaker 10: you hear, and unfortunately, our kids for the last couple
• 2:11:31
  Speaker 10: of generations have gone to school and it's like, you know,
• 2:11:34
  Speaker 10: you blame capitalism for everything and any problem you blame capitalism.
• 2:11:39
  Speaker 10: You know, some inflation you blame capitalism. Affordability you blame capitalism,
• 2:11:44
  Speaker 10: slow job growth, whatever it is. And I think it's
• 2:11:48
  Speaker 10: very important that people need to understand. You know, there
• 2:11:51
  Speaker 10: are multiple stages of capitalism. There is limited government capitalism
• 2:11:57
  Speaker 10: where the government plays a minimalist role. So that's what
• 2:12:00
  Speaker 10: we had from about eighteen hundred to nineteen thirty. Through
• 2:12:03
  Speaker 10: most of that period, we did not even have a
• 2:12:06
  Speaker 10: Federal Reserve. We had nobody tinkering with the money supply.
• 2:12:09
  Speaker 10: The FED wasn't created until nineteen thirteen. But that was
• 2:12:13
  Speaker 10: the period of the fastest economic growth, the most upward
• 2:12:18
  Speaker 10: mobility in the history of the country, and our greatest
• 2:12:22
  Speaker 10: ability probably in the history of the world for anybody
• 2:12:26
  Speaker 10: to absorb high levels of immigration in a way that
• 2:12:30
  Speaker 10: was positive for both the immigrants and for the people
• 2:12:33
  Speaker 10: who were already here. And unfortunately, starting with the Great Depression,
• 2:12:38
  Speaker 10: because the left, mistakenly we now know, blamed it on
• 2:12:42
  Speaker 10: capitalism and free markets, we now know it was failures
• 2:12:46
  Speaker 10: of the Federal Reserve were the domestic mistakes that put
• 2:12:49
  Speaker 10: us into the Great Depression, or turn what would have
• 2:12:52
  Speaker 10: been a steep recession into a depression unlike anything we
• 2:12:58
  Speaker 10: had seen for over one hundred years. Since then, we've
• 2:13:00
  Speaker 10: had this growing government capitalism, and that's where the problems
• 2:13:05
  Speaker 10: have emerged that you're referring to, including the Federal Reserve
• 2:13:09
  Speaker 10: having increased continually their engagement in trying to micro manage
• 2:13:15
  Speaker 10: and manipulate the economy, and that has caused way more
• 2:13:19
  Speaker 10: problems than it's helped. We were much better off during
• 2:13:21
  Speaker 10: that period when we didn't even have a.
• 2:13:23
  Speaker 1: Federal reserve, no doubt about it. As you spell it
• 2:13:26
  Speaker 1: out so very clearly, Todd, it's just a great heaven
• 2:13:28
  Speaker 1: you on the show. And as you pointed out in
• 2:13:30
  Speaker 1: your op ed piece, which just streker link on my
• 2:13:32
  Speaker 1: blog page so people can read it for themselves, the
• 2:13:35
  Speaker 1: amount of revenue going into a government, it just is
• 2:13:37
  Speaker 1: pretty much static over multiple administrations, comes in what seventeen
• 2:13:41
  Speaker 1: point two percent for a long long period of time,
• 2:13:45
  Speaker 1: So it is they taxed more during certain periods of times,
• 2:13:49
  Speaker 1: which I think ultimately and you can correct me, but
• 2:13:51
  Speaker 1: from an economic standpoint, the higher the taxation, the lower
• 2:13:54
  Speaker 1: the tax proceeds going into the federal government because it
• 2:13:56
  Speaker 1: reduces the amount of growth in the economy. Money isn't
• 2:14:00
  Speaker 1: going into economic investment and growth. Now, that makes sense,
• 2:14:05
  Speaker 1: But you know, we have a spending problem. The reason
• 2:14:07
  Speaker 1: that the deficit keeps getting bigger. No administration, Republican or Democrat,
• 2:14:10
  Speaker 1: ever puts the brakes on spending. Isn't that really the
• 2:14:13
  Speaker 1: core of our problem. We just spend too much and
• 2:14:16
  Speaker 1: we take on too much in federal government todd Yeah.
• 2:14:19
  Speaker 10: Absolutely. I mean, if you go back, the revenues as
• 2:14:23
  Speaker 10: a percentage of GDP have been incredibly consistent, Yeah, right
• 2:14:28
  Speaker 10: around seventeen point two seventeen point three percent. And the
• 2:14:31
  Speaker 10: important thing for people to know is, you know, the
• 2:14:34
  Speaker 10: Democrats have been getting away with a lie for far
• 2:14:37
  Speaker 10: too long. And I don't mean to pick on Barack Obama,
• 2:14:40
  Speaker 10: but I'm just to quote somebody. I can remember him
• 2:14:43
  Speaker 10: going around on the campaign trail saying, you know, it's
• 2:14:46
  Speaker 10: the rich would just pay a little bit more, you know,
• 2:14:50
  Speaker 10: everybody else can have a life that's so much better
• 2:14:52
  Speaker 10: and fair for them. And the lie of that is
• 2:14:55
  Speaker 10: what we were just talking about. If you go back
• 2:14:58
  Speaker 10: and look at the Democratic administer rations, federal revenue collections
• 2:15:03
  Speaker 10: have only been slightly above the average at seventeen point
• 2:15:06
  Speaker 10: four percent. So the reality is every time they push
• 2:15:10
  Speaker 10: up tax rates nominal tax rates, let's say, from let's
• 2:15:14
  Speaker 10: just say thirty percent to fifty percent, then they cut
• 2:15:17
  Speaker 10: a bunch of backroom deals that create deductions that bring
• 2:15:21
  Speaker 10: the real effective rates back down to basically where they
• 2:15:25
  Speaker 10: were before. And as you're pointing out, what that means
• 2:15:29
  Speaker 10: is all of the additional spending that they are trying
• 2:15:34
  Speaker 10: to justify with the promise of a tax increase that
• 2:15:37
  Speaker 10: doesn't happen, which is a good thing. It all comes
• 2:15:40
  Speaker 10: from either the Fed printing money to fund it or borrowing,
• 2:15:44
  Speaker 10: and so you get big run ups in debt like
• 2:15:46
  Speaker 10: we saw under Obama when it doubled, or these inflationary
• 2:15:52
  Speaker 10: blowouts like we saw under Biden.
• 2:15:54
  Speaker 1: Well, if the politicians just get together in a bipartisan
• 2:15:57
  Speaker 1: fashion and say, all right, we're going to raise the taxes,
• 2:15:59
  Speaker 1: but not a dime of it is going to go
• 2:16:00
  Speaker 1: for additional spending. It's all going to go to deal
• 2:16:03
  Speaker 1: with the debt that we've already bitten off. And by
• 2:16:05
  Speaker 1: the way, we're going to start cutting all of the
• 2:16:07
  Speaker 1: spending and government across the board to reach that lofty
• 2:16:09
  Speaker 1: goal of reducing our deficit spending. That will be okay.
• 2:16:13
  Speaker 1: But you're right. When they promise additional taxes, they always
• 2:16:16
  Speaker 1: say it's going to be The CBO says it's going
• 2:16:18
  Speaker 1: to be X billions of dollars over ten years, and
• 2:16:19
  Speaker 1: then they all say, well that we're going to use
• 2:16:21
  Speaker 1: that money to to pay for this new program.
• 2:16:23
  Speaker 10: Right Well, yeah, and we're seeing it right now. In
• 2:16:27
  Speaker 10: another way, I mean, right now, what you're hearing every
• 2:16:30
  Speaker 10: day is Medicare for all. And then the next thing
• 2:16:33
  Speaker 10: will be, well, do you believe in taxing more the
• 2:16:36
  Speaker 10: billionaires more? And of course, and the answer is yes,
• 2:16:39
  Speaker 10: And they're implying if they don't come right out and
• 2:16:41
  Speaker 10: say it, the same thing we were just talking about.
• 2:16:44
  Speaker 10: We can give everybody Medicare for all, and all we
• 2:16:47
  Speaker 10: have to do is take a little bit more from
• 2:16:49
  Speaker 10: the billionaires. That is so far away from the truth
• 2:16:52
  Speaker 10: that you know, it's it's sad. I mean, Medicare for
• 2:16:56
  Speaker 10: all would be around a three trillion dollar additional expenditure annually.
• 2:17:02
  Speaker 10: You could, you could annually, you could take everything that
• 2:17:05
  Speaker 10: the billionaires make.
• 2:17:06
  Speaker 2: You can't.
• 2:17:07
  Speaker 10: But in reality, but even if even if you could,
• 2:17:10
  Speaker 10: you couldn't pay for it.
• 2:17:12
  Speaker 2: You have to go down.
• 2:17:13
  Speaker 10: Even if you go down to people making one hundred
• 2:17:15
  Speaker 10: and eighty seven thousand dollars a year, which in today's world,
• 2:17:20
  Speaker 10: you know, is a good income, but it's far from
• 2:17:23
  Speaker 10: like what people think of as super rich cat billionaire
• 2:17:26
  Speaker 10: type income, maybe upper middle class kind of thing. You'd
• 2:17:30
  Speaker 10: have to triple taxes on people making that much to
• 2:17:34
  Speaker 10: try and pay for Medicare for all, so here we
• 2:17:37
  Speaker 10: are again huge spending promises. It's like I'm going to
• 2:17:41
  Speaker 10: solve your affordability problem by giving you by taking you know,
• 2:17:45
  Speaker 10: medical expenses away from you and letting somebody else pay
• 2:17:49
  Speaker 10: for it. The reality is everybody will pay for it
• 2:17:52
  Speaker 10: through much higher inflation and you know, even more affordability
• 2:17:56
  Speaker 10: problems like we're looking at right now.
• 2:17:59
  Speaker 1: Yes, we have no free breeders today. Todd sheets. He's
• 2:18:01
  Speaker 1: an economist, he's an author. You can find the opt
• 2:18:03
  Speaker 1: out of my blog page fifty five case dot iHeart
• 2:18:06
  Speaker 1: dot com. Outstanding, Todd. I appreciate you breaking it down.
• 2:18:09
  Speaker 1: I wish we'd have this informed conversation with all the
• 2:18:11
  Speaker 1: folks out there that think there are enough dollars in
• 2:18:13
  Speaker 1: the world to go after all these programs. Clearly the
• 2:18:15
  Speaker 1: math does not work out to