Latest / The Mark Belling Podcast / Mark Belling Podcast #84: Why Marxism is on the rise in the US, why it is certain to fail and why it will also lead to more and more violence. Also: evidence is mounting that tearing down I-794 is a really, really, really stupid idea. And, the guy from "The Big Short" is warning of a tech stock price bubble based on misleading profit statements

Transcript

Mark Belling Podcast #84: Why Marxism is on the rise in the US, why it is certain to fail and why it will also lead to more and more violence. Also: evidence is mounting that tearing down I-794 is a really, really, really stupid idea. And, the guy from "The Big Short" is warning of a tech stock price bubble based on misleading profit statements · The Mark Belling Podcast

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  Speaker 2: There's a story in the news that I want to
• 0:26
  Speaker 2: open with today. It's mostly symbolic, but all the symbolism
• 0:36
  Speaker 2: is right on the button. Trump has pardoned the trail runner.
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  Speaker 2: A lot of you remember the story, or you will
• 0:44
  Speaker 2: at least have heard about it, because it's gotten like
• 0:47
  Speaker 2: kind of on the fringes of the media attention for
• 0:49
  Speaker 2: several years. The reason I want to talk about it
• 0:54
  Speaker 2: for just a moment at the beginning of today's podcast
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  Speaker 2: is I think if you grab onto this story, you
• 1:04
  Speaker 2: can pick up on just about every theme that's frustrating
• 1:09
  Speaker 2: people in the United States. The guy's name is Michelino Cinceri.
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  Speaker 2: He runs trails and he's like really good at it,
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  Speaker 2: and he sets records. He was running on a trail
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  Speaker 2: in the Grand Teton area in Wyoming. Apparently it's a
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  Speaker 2: famous trail to run on, and he was trying to
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  Speaker 2: set some sort of a world record in whatever that is.
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  Speaker 2: During the run, he briefly stepped off the trail barely.
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  Speaker 3: He was arrested.
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  Speaker 2: And criminally charged for stepping off the trail.
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  Speaker 3: This is one of those stories that weirdly.
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  Speaker 2: Attracted the attention of both the left and the right.
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  Speaker 2: Both felt that rightly, this was idiotic, worst case scenario,
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  Speaker 2: you should get a tiny little fine. It's a regulatory violation.
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  Speaker 2: We understand the whole thing on protected lands that some
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  Speaker 2: areas you're not suppout, you know, human beings aren't supposed.
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  Speaker 3: To go on to and so on.
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  Speaker 2: But he's running on this trail, and he went off
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  Speaker 2: the trail for a brief period of time and only
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  Speaker 2: for a little bit. He ended up with a federal
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  Speaker 2: criminal conviction for it. Trump has pardoned him. In the
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  Speaker 2: scheme of things. It's a really big deal obviously for
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  Speaker 2: this guy now that he doesn't have a criminal record again.
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  Speaker 2: But I think it also if you just grab this story,
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  Speaker 2: there's echoes of everything on it, all the restrictions that
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  Speaker 2: we had during COVID or requirements that people get vaccinated,
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  Speaker 2: do this, do that? I think most people are willing
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  Speaker 2: to accept. Do this do that on important things in
• 3:16
  Speaker 2: which everyone knows, there's no real freedom of choice. You
• 3:22
  Speaker 2: can't be fifteen times over the limit when you're driving
• 3:25
  Speaker 2: on the road. On the other hand, I think people
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  Speaker 2: resented if a cop gives you a ticket for going
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  Speaker 2: one mile over the speed limit. You see the distinction.
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  Speaker 2: He was actually the guy was actually doing this run
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  Speaker 2: over a year ago, and the case drew attention like
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  Speaker 2: in runners circles, and then it kind of got grab
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  Speaker 2: on to And I think were it not for social media,
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  Speaker 2: the Internet and so on, it would not have circulated
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  Speaker 2: as widely as it did. But somehow it got to
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  Speaker 2: the level of whomever it is in Trump's orbit. Maybe
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  Speaker 2: Trump's saw on I don't know. He finds all this
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  Speaker 2: stuff himself. You can always tell him when he's going
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  Speaker 2: to post something on it in social media or somebody
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  Speaker 2: who's orbit founded. And as you know, Trump is pardoning
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  Speaker 2: people that were wronged right and left, and.
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  Speaker 3: This is one of them.
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  Speaker 2: And as I say, it just reaches out to he's pardoned,
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  Speaker 2: for example, the so called fake electors in Wisconsin. When
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  Speaker 2: there were questions about the twenty twenty election, Republicans in
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  Speaker 2: Wisconsin put up their own slate for the Electoral College.
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  Speaker 2: They of course didn't get seated. It was simply okay,
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  Speaker 2: if there's going to be a challenge. We need to
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  Speaker 2: have electors in place, and nothing criminal about that they
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  Speaker 2: took a conviction, Trump pardoned them. It's this level of
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  Speaker 2: overreach that's occurring, sometimes because people are trying to stop
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  Speaker 2: their political enemies, and in other cases just because you
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  Speaker 2: have many little.
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  Speaker 3: Tyrants running around. Onward with the.
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  Speaker 2: Program, We've got a big discussion to open the part.
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  Speaker 2: This was just that was just preliminary, big discussion to
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  Speaker 2: open the podcast. I want to focus on several components
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  Speaker 2: of Marxism. Men who would have thought when I started
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  Speaker 2: doing radio talk shows in the eighties that we would
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  Speaker 2: actually seriously have to deal with not Marxism and why
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  Speaker 2: other countries should reject it, but the very real possibility
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  Speaker 2: that it is going to be the fight for the
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  Speaker 2: next fifteen to twenty years in America whether we will
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  Speaker 2: be a Marxist nation or not. Have you ever been
• 5:46
  Speaker 2: offered an add on option for premium or white glove service?
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  Speaker 2: U line provides only one type of service, the best
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  Speaker 2: line and get the best service because you Line believes
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  Speaker 2: service is essential, not an option. I want to break
• 6:17
  Speaker 2: this down, this discussion of where we are and where
• 6:21
  Speaker 2: we are going with Marxism into three components, and I'm
• 6:26
  Speaker 2: going to pull out three series of comments here. It's
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  Speaker 2: hitting on each one of the areas that I want
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  Speaker 2: to target into. The first part of this is where
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  Speaker 2: it's coming from. If you take a look at the
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  Speaker 2: people that are supportive of this, and especially the ones
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  Speaker 2: that are supportive of it by writing out massive checks
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  Speaker 2: to bank roll Marxist candidates. Mom Dannie's a perfect case
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  Speaker 2: study of this. An extraordinary number of these people are affluent,
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  Speaker 2: white and rather well educated, at least in terms of
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  Speaker 2: going to school a lot in college, etc. Alicia Finlay,
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  Speaker 2: who is a columnist for the Wall Street Journal, ways
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  Speaker 2: in on this and she has I think a very
• 7:23
  Speaker 2: good analysis. So I want to show it and I'm
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  Speaker 2: going to interject with my own comments. At a couple
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  Speaker 2: of points, she writes, Pallanteer that's a big tech company.
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  Speaker 2: CEO Alex Karp attributed zoron Mambani's election as the York
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  Speaker 2: mayor to a reverse class warfare.
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  Speaker 3: Quote.
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  Speaker 2: I think the average IVY League grad voting for this
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  Speaker 2: mayor is highly annoyed that their education is not that valuable,
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  Speaker 2: and the person down the street who knows how to
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  Speaker 2: grill for oil and gas who moved to Texas has
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  Speaker 2: a more valuable profession.
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  Speaker 3: He's right, and so does Findley. This is me now,
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  Speaker 3: and not the column.
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  Speaker 2: We've been seeing this coming for several years. You'd hear
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  Speaker 2: the maybe fifteen twenty years you write it for the millennials. Well,
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  Speaker 2: I have this college education, but I'm only waiting tables.
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  Speaker 3: Oh, I have this degree, I have this degree. I
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  Speaker 3: have this degree.
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  Speaker 2: When you'd hear the teachers' unions carping and bitching about.
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  Speaker 3: Everything, we have master's degrees.
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  Speaker 2: In other words, the sense of entitlement because they got
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  Speaker 2: a lot of schooling, the in and of itself that's
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  Speaker 2: supposed to translate into making a lot of money, not
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  Speaker 2: understanding that.
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  Speaker 3: The schooling is merely a tool you use along the
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  Speaker 3: path to try to make money.
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  Speaker 2: So the guy from Pellant here is saying a lot
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  Speaker 2: of these, you know, well educated Ivy leaguers, they got
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  Speaker 2: all these degrees and they're sitting here and they're barely
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  Speaker 2: scraping by living in a really, really high expense place
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  Speaker 2: New York, and they see people that are getting into
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  Speaker 2: the oil industry or people that are just working on
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  Speaker 2: drilling rigs.
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  Speaker 3: Making more money than them, and they don't like this.
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  Speaker 2: In other words, class warfare used to be the lower
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  Speaker 2: class is rising up against the wealthy. The CEO of
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  Speaker 2: pellanteer suggesting that this is just the opposite. It's people
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  Speaker 2: that are in the upper class but think that they
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  Speaker 2: should be more upper than they are, resenting people in
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  Speaker 2: the middle class that are rising to the upper middle class.
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  Speaker 2: There's a term that you see all the time just
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  Speaker 2: being thrown around with regard to people who think that
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  Speaker 2: their you know what doesn't smell. It's called entitlement. And
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  Speaker 2: I think that's where this is going. Let's get back
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  Speaker 2: to Finley's column. He has a point. Colleges are graduating
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  Speaker 2: a surf fight of young people who lack hard or
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  Speaker 2: even soft skills. Even as employers can plain about a
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  Speaker 2: dearth of qualified workers, a growing college educated proletariat can't
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  Speaker 2: find jobs they want to work.
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  Speaker 3: Let me interject, We've just seen this.
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  Speaker 2: The number of people with college degrees who don't know
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  Speaker 2: how to do anything. The keyword in there was the
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  Speaker 2: verb do oh. They know this and they know that,
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  Speaker 2: but they don't know.
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  Speaker 3: How to do anything. I don't know how much I
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  Speaker 3: know how to do.
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  Speaker 2: Fortunately, I knew how to do radio. I know how
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  Speaker 2: to do writing a newspaper column, a few things I
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  Speaker 2: know how to do. For these people that are coming
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  Speaker 2: out of these colleges with these fuzzy majors, or even
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  Speaker 2: in some cases majors that aren't so fuzzy, but don't
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  Speaker 2: have any practical skills. They may have knowledge about some things,
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  Speaker 2: but they don't know how to do anything. And other
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  Speaker 2: than just going on and teaching more people who don't
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  Speaker 2: know how to do anything. In order to get ahead
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  Speaker 2: in the world, you have to be able to do something.
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  Speaker 2: If you can't do anything, nobody's going to pay you.
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  Speaker 2: What do you bring to the table. They believe this
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  Speaker 2: is finley. They believe their degrees aren't being adequately rewarded
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  Speaker 2: by the free market, and blame capitalism. The real culprit
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  Speaker 2: is enormous government subsidies of higher education, which has distorted
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  Speaker 2: the labor supply. More than seven million bachelor's degree recipients
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  Speaker 2: have entered the labor force since January of twenty twenty. Meanwhile,
• 11:33
  Speaker 2: the number of workers without college degrees has declined by
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  Speaker 2: about two hundred thousand, and those with associate degrees has
• 11:40
  Speaker 2: shrunk by one point one million. Let me interject, we've
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  Speaker 2: seen this. I've talked about it a lot. The reason
• 11:46
  Speaker 2: that there is such a drastic shortage of workers in
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  Speaker 2: the semi skilled and skilled tech fields and then other
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  Speaker 2: fields in which some manual laborers involved, the construction trades
• 11:58
  Speaker 2: and so on, is because fewer and fewer and fewer
• 12:02
  Speaker 2: people are going on that path, and more and more
• 12:05
  Speaker 2: and more one of the college path. So you have
• 12:09
  Speaker 2: a surplus for people that are in the market for
• 12:13
  Speaker 2: the so called traditional college educated jobs and a drastic shortage.
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  Speaker 3: Of the others.
• 12:19
  Speaker 2: So this creates the need for people that are looking
• 12:22
  Speaker 2: for the semi skill, the trades and all of that
• 12:25
  Speaker 2: other stuff to pay more and more and more because
• 12:27
  Speaker 2: they've got fewer people in their pool. And here's all
• 12:29
  Speaker 2: these people who went to college and look at So
• 12:31
  Speaker 2: I don't like this. I've been arguing for years, way
• 12:35
  Speaker 2: too many people are going to college, and some people
• 12:38
  Speaker 2: are going to college, who'll be better off. Not Now
• 12:41
  Speaker 2: I'll get back to the column, and again all of
• 12:44
  Speaker 2: this is leading to this appeal of Marxism. But the
• 12:49
  Speaker 2: point that I've made is, well, college is beneficial for
• 12:54
  Speaker 2: many people. We forget that more than half the people
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  Speaker 2: who in our college drop out, and many of those
• 13:03
  Speaker 2: that go to college barely scraped by, and many of
• 13:06
  Speaker 2: them go into fields in which the thing that you're
• 13:09
  Speaker 2: majoring in, there are nowhere near as many jobs as
• 13:12
  Speaker 2: there are people that are graduating in those fields. The
• 13:19
  Speaker 2: biggest problem here my generation, Paul's generation at close second,
• 13:24
  Speaker 2: because here's an overlap. Parents who pushed their kids to
• 13:28
  Speaker 2: go to college when they should have sized that kid
• 13:30
  Speaker 2: up and said there's a lot of other things that
• 13:35
  Speaker 2: you can do.
• 13:40
  Speaker 3: This whole you know the old joke about the Jewish weather.
• 13:46
  Speaker 2: Mice and the doctor, Well that thing became on steroids.
• 13:51
  Speaker 2: No parent wanted to claim that their kid was going
• 13:53
  Speaker 2: to tex school, that the kid was appredicing in the trades,
• 13:56
  Speaker 2: so that the kid was going to go and be
• 13:57
  Speaker 2: a tech.
• 13:57
  Speaker 3: They wouldn't didn't want to do that. They they pushed
• 14:00
  Speaker 3: to push their kids.
• 14:01
  Speaker 2: And then all of these quack high school guidance counselors.
• 14:04
  Speaker 2: And again, they're not all quacks. I'm referring to the
• 14:06
  Speaker 2: ones that are quacks. I should make that clear. I
• 14:08
  Speaker 2: think some are very good. But those that were quacks,
• 14:12
  Speaker 2: they were simple college college college college, and there was
• 14:16
  Speaker 2: a racket in it. The college is charged more and
• 14:18
  Speaker 2: more and more tuition. The government handed out more and
• 14:20
  Speaker 2: more and more student loans. A lot of the people
• 14:23
  Speaker 2: that went in there took their student loans and then
• 14:25
  Speaker 2: didn't work during college that they had massive debt. Now
• 14:28
  Speaker 2: they got a degree that isn't leading anything. They're sitting
• 14:30
  Speaker 2: there with all this debt. Maybe, Okay, whose fault is?
• 14:34
  Speaker 2: It's capitalism's fault. I'm going to become a commie. You know,
• 14:38
  Speaker 2: I'm right about this, and this is our Finley's driving
• 14:41
  Speaker 2: this is what's happening continuing as baby boomers and blue
• 14:44
  Speaker 2: collar professions retire, Labor shortages are growing in industries like construction, trucking,
• 14:50
  Speaker 2: and manufacturing. President Trump's deportation compound the problem. Now she's
• 14:56
  Speaker 2: saying that one of the downsides of throwing the illegals
• 14:59
  Speaker 2: out is they're the the ones that have been filling
• 15:01
  Speaker 2: the gaps in some of these areas. There is I
• 15:04
  Speaker 2: think some truth to this, this whole thing with the
• 15:07
  Speaker 2: HB one visas where Trump is saying, well, there's some
• 15:10
  Speaker 2: fields in which we just don't have enough Americans who
• 15:12
  Speaker 2: know how.
• 15:12
  Speaker 3: To do this.
• 15:13
  Speaker 2: All of that is correct, just any number of fields
• 15:16
  Speaker 2: in which we have Americans that don't know how to
• 15:20
  Speaker 2: do the thing that's in demand, but we have all
• 15:21
  Speaker 2: sorts of other Americans who have all these degrees.
• 15:24
  Speaker 3: And things that aren't in any demand at all. Let
• 15:28
  Speaker 3: me clue you in on something.
• 15:29
  Speaker 2: Do you know how much demand there is for somebody
• 15:31
  Speaker 2: with a major in women's studies zelch, especially with DEI
• 15:39
  Speaker 2: On the downside, Back to the piece, Nearly fifty percent
• 15:47
  Speaker 2: of small business owners reported few or no qualified job
• 15:51
  Speaker 2: applicants last month, and a National Federation of Independent Business
• 15:54
  Speaker 2: survey finding qualified workers is proving to be impossible. A
• 15:58
  Speaker 2: Missouri manufacturer told the NFIB you think about this. We
• 16:02
  Speaker 2: have a slowing economy, yet numerous employers can't find anybody
• 16:06
  Speaker 2: applying for a job who's qualified. Continuing, the sentiment was
• 16:10
  Speaker 2: echoed by a California auto shop. We need to teach
• 16:13
  Speaker 2: the trades in high school again. Trade jobs can pay well,
• 16:17
  Speaker 2: but there is a real shortage of people willing and
• 16:19
  Speaker 2: able to do the job.
• 16:20
  Speaker 3: Too.
• 16:20
  Speaker 2: Many young college grads are unemployed because they aren't willing
• 16:24
  Speaker 2: or able to do the jobs that are available. As
• 16:27
  Speaker 2: of October twenty twenty four, thirty point four percent of
• 16:30
  Speaker 2: twenty to twenty nine year olds who had earned bachelor's
• 16:32
  Speaker 2: degrees that year weren't working. What that October twenty the
• 16:38
  Speaker 2: economy in terms of unemployment is still as it was
• 16:41
  Speaker 2: not bad. I when I graduated from college.
• 16:46
  Speaker 3: The unemployment rate was ten percent.
• 16:51
  Speaker 2: I grabbed onto the first job I could get, which
• 16:53
  Speaker 2: happened to be on radio and oshkosh, and I was
• 16:59
  Speaker 2: really skilled in that field, which is why I was
• 17:01
  Speaker 2: able to get into it. You've got ten percent college
• 17:07
  Speaker 2: can't find a job because they can't find a job
• 17:09
  Speaker 2: and the thing that they want to do not the
• 17:12
  Speaker 2: thing in which the jobs are available, continue compared with
• 17:20
  Speaker 2: twenty one point nine percent for those who earned associate
• 17:22
  Speaker 2: degrees during the same period, according to the Bureau of
• 17:25
  Speaker 2: Labor Statistics. Fortunately, for many college grads, they have parents
• 17:29
  Speaker 2: with the means to support them financially while they search
• 17:31
  Speaker 2: for the perfect job. Young adults with lesser pedigrees may
• 17:35
  Speaker 2: not be as picky about jobs because they can't afford
• 17:38
  Speaker 2: to be. They will deliver packages for Amazon or man
• 17:42
  Speaker 2: a supermarket cash judges they to pay the bills. Recent
• 17:45
  Speaker 2: college grads view such drudgery as beneath them and think
• 17:49
  Speaker 2: employers are too demanding. Quote for gen Zers, work is
• 17:54
  Speaker 2: now more depressing than unemployment. Run a New York Times
• 17:57
  Speaker 2: op ed headline last week, the entire process of getting
• 18:01
  Speaker 2: and keeping an entry level job has become a grueling
• 18:04
  Speaker 2: and dehumanizing ordeal over the past decade. The author writes,
• 18:07
  Speaker 2: young people grouse that employers are monitoring their productivity with
• 18:14
  Speaker 2: surveillance state technology and expect them to be doing six
• 18:21
  Speaker 2: jobs in a forty hour work week.
• 18:24
  Speaker 3: Think about that.
• 18:24
  Speaker 2: They're complaining that the employer is keeping an eye on
• 18:27
  Speaker 2: whether or not they're doing their job.
• 18:29
  Speaker 3: By the way, that is it.
• 18:30
  Speaker 2: No, the only thing that is new is the techniques
• 18:32
  Speaker 2: putting a camera over the person's little cubby work cubby
• 18:35
  Speaker 2: in order to be able to see what they're doing.
• 18:37
  Speaker 3: Managers have always been trying to make me are you working,
• 18:39
  Speaker 3: how you're working? Are you working?
• 18:41
  Speaker 2: But what's happening here is there's this generation that just
• 18:43
  Speaker 2: doesn't expect to have to work.
• 18:44
  Speaker 3: Now this is me and not the column.
• 18:46
  Speaker 2: I remember when this whole thing of the four day
• 18:48
  Speaker 2: week kids started coming up about two or three years ago.
• 18:51
  Speaker 2: He say, you know, I needed to have the work
• 18:53
  Speaker 2: life balance and all this. This is right at the
• 18:55
  Speaker 2: time that me, after slaving away my entire life, moved
• 18:59
  Speaker 2: to a four day work week. You know, after I
• 19:01
  Speaker 2: had the stroll, I wanted to continue to et cetera.
• 19:03
  Speaker 2: And now I'm doing three at my advanced elderly decrepit
• 19:06
  Speaker 2: agent here. I think I had to work for over
• 19:09
  Speaker 2: forty five years before I ever got to them.
• 19:12
  Speaker 3: They're saying this at twenty two.
• 19:18
  Speaker 2: People who have this mindset that don't want to accept
• 19:22
  Speaker 2: the requirements of capitalism. You have to work and produce
• 19:26
  Speaker 2: something in order to get capital. Of course, they're going
• 19:28
  Speaker 2: to suck up to the notion of Marxism, in which
• 19:30
  Speaker 2: we're gonna give you all this free stuff and you
• 19:32
  Speaker 2: don't have to do a damn thing, and you can
• 19:33
  Speaker 2: just sit on your ass because you're a depressed, lazy
• 19:37
  Speaker 2: slug who's been taken antidepressants their entire life. Back to
• 19:42
  Speaker 2: the column, winding the sub heaven forfend that they be
• 19:48
  Speaker 2: asked to complete multiple assignments in a week, little kids
• 19:51
  Speaker 2: in grade school once we're expected to do before schools
• 19:54
  Speaker 2: started becoming homework, And how dear employers refuse to pay
• 19:58
  Speaker 2: them for scrolling TikTok. It's understandable that grads might feel
• 20:02
  Speaker 2: indignant about employer demands after having earned stellar GPAs for
• 20:06
  Speaker 2: little effort and mediocre work. A recent Harvard report found
• 20:10
  Speaker 2: that as account for about sixty percent of grades, compared
• 20:13
  Speaker 2: with twenty five percent two decades ago. The story goes on,
• 20:16
  Speaker 2: I want to get to the next part of the
• 20:17
  Speaker 2: Marxism thing, Bud. That's the other part. A lot of
• 20:21
  Speaker 2: these people aren't really skilled at anything, but they think
• 20:24
  Speaker 2: they are because they've been getting these inflating grades forever,
• 20:27
  Speaker 2: started when their parents told everybody that they're special, just
• 20:32
  Speaker 2: ignoring the definition of special. Special is a unique, select,
• 20:35
  Speaker 2: small group of the mass of whatever the thing is
• 20:38
  Speaker 2: that you're talking about.
• 20:39
  Speaker 3: But everybody is special.
• 20:42
  Speaker 2: And then they all got a's, so they all think
• 20:44
  Speaker 2: that these brilliant special people, but in fact what they
• 20:47
  Speaker 2: are is they're the average, except their worst of the average.
• 20:50
  Speaker 3: Because while they have some knowledge.
• 20:51
  Speaker 2: That I'm going to do anything, and now that they're
• 20:54
  Speaker 2: hired to do something they don't want to do it,
• 20:56
  Speaker 2: and they get freshmitted with they told they.
• 20:57
  Speaker 3: Have work, work, work, work work.
• 21:01
  Speaker 2: What a perfect prescription, What a perfect route for the
• 21:03
  Speaker 2: Marxists to go after. Next piece that I want to share,
• 21:08
  Speaker 2: Andy Kessler, also in the Wall Street Journal. He moves
• 21:12
  Speaker 2: to the next thing about how, okay, let's suppose we
• 21:14
  Speaker 2: do this Marxism thing, how it turns into a disaster.
• 21:18
  Speaker 2: This shouldn't be necessary to explain because we've got about,
• 21:21
  Speaker 2: you know, Kyle Marx came around, and Russia was the
• 21:24
  Speaker 2: first country to take it in really big with the
• 21:27
  Speaker 2: Revolution in nineteen seventeen, and all of this stuff. We've
• 21:30
  Speaker 2: had over a century of watching this, and it keeps
• 21:32
  Speaker 2: happening the same way over and over and over and
• 21:34
  Speaker 2: over again. But all of these well educated people don't
• 21:39
  Speaker 2: know it because they've been educated by people who kind
• 21:43
  Speaker 2: of lean toward Marxism. Anyway, the perfect example of somebody
• 21:47
  Speaker 2: who would buy into Marxism is somebody that's got a
• 21:49
  Speaker 2: reasonably well paying job that doesn't have to work very
• 21:53
  Speaker 2: hard and has no fear of being fired. University professors
• 22:02
  Speaker 2: and most for that matter, public school unionized teachers.
• 22:06
  Speaker 3: All right, here's Kessler.
• 22:08
  Speaker 2: Anarchists detonated a bomb in nineteen twenty at JP Morgan
• 22:12
  Speaker 2: and Company's headquarters at twenty three Wall Street, killing thirty
• 22:15
  Speaker 2: eight and wounding more than one hundred. Scars from that
• 22:18
  Speaker 2: bombing are still visible today. So are anarchists. As the
• 22:22
  Speaker 2: little Girl said in Poltergeist two, they're back. Will new
• 22:27
  Speaker 2: socialists New York City mayor Zoraan Mamdani lead to disorder,
• 22:32
  Speaker 2: free party buses and no cops? Here's a hint. He
• 22:35
  Speaker 2: tweeted in twenty twenty. Taxation isn't theft? Capitalism is? How
• 22:41
  Speaker 2: about a one hundred percent tax rate? Comrade, Anarchy is
• 22:45
  Speaker 2: in the air, Alex Soros. That's George Soros's son celebrated
• 22:49
  Speaker 2: the New York mayor result by tweeting, the American Dream continues.
• 22:54
  Speaker 2: His father's Open Society Foundation has a history of funding anarchy,
• 22:58
  Speaker 2: producing criminal justice reforms and anti police movements.
• 23:02
  Speaker 3: Some American breed.
• 23:03
  Speaker 2: Now let me interject where he's going with is this
• 23:07
  Speaker 2: Marxism leads to violence and disorder. This is in their
• 23:13
  Speaker 2: playbook and for people that well, but people will then
• 23:15
  Speaker 2: turn against it. Look at twenty twenty COVID and then
• 23:21
  Speaker 2: the George Floyd riots, and then Trump loses. Now Trump
• 23:26
  Speaker 2: believes that it was stolen from him, without regard to that.
• 23:30
  Speaker 2: Trump did better in sixteen, but better in twenty four.
• 23:32
  Speaker 2: It was during the period of time in which this
• 23:34
  Speaker 2: anarchy was going on that the left actually thrived.
• 23:39
  Speaker 3: It's been part of their playbook forever.
• 23:41
  Speaker 2: You go back to rules for radicals and all of
• 23:43
  Speaker 2: the prescriptions that the left has. It's always violence, violence, violence, violence,
• 23:46
  Speaker 2: violence that think about Marxists. Marxists always become violent. Example
• 23:52
  Speaker 2: Castro Comma, Fidel guervera comma chi. Let me get back
• 23:57
  Speaker 2: now to column why anarchy and destruction of social order?
• 24:04
  Speaker 3: Always ask who benefits?
• 24:06
  Speaker 2: The breakdown of society is a means to an end
• 24:09
  Speaker 2: the long game of political control. Citizens' scream save me,
• 24:14
  Speaker 2: This isn't new. The Reichstag fire, food shortage is driving
• 24:18
  Speaker 2: a Bolshevik uprising, pandemic riots. Anarchy works. I have no
• 24:23
  Speaker 2: lug for czars, but control often passes to political systems
• 24:27
  Speaker 2: that are much worse socialism, communism, authoritarian control. Only the
• 24:32
  Speaker 2: new rulers are better off. But wait, isn't society crumbling?
• 24:39
  Speaker 2: Haven't you heard that? Costs or skyrocketing jobs are hard
• 24:42
  Speaker 2: to find. Late stage capitalism is failing and the source
• 24:45
  Speaker 2: of all evil. Many youths think socialism save me, but
• 24:49
  Speaker 2: there's always economic upheaval. Unlike anarchy, economic chaos is driven
• 24:54
  Speaker 2: by creative destruction, and productivity is a long term plus.
• 24:57
  Speaker 2: It generates societal wealth by breaking down a sclerotic status
• 25:01
  Speaker 2: quo and bringing better living standards. Anarchy destroys wealth to
• 25:06
  Speaker 2: get power. The nineteen seventies were dismal. In nineteen seventy six,
• 25:10
  Speaker 2: the sex Pistols released Anarchy in the UK, which goes,
• 25:13
  Speaker 2: don't know what I want, but I know how to
• 25:16
  Speaker 2: get it. I want to destroy passers by and God
• 25:19
  Speaker 2: save the Queen Johnny Rotten saying.
• 25:21
  Speaker 3: No future, no future for you.
• 25:24
  Speaker 2: It resonated jobs are scarce, inflation was roaring, unions ruled
• 25:28
  Speaker 2: schools failed to educate. Sound familiar. Today, under educated youths,
• 25:34
  Speaker 2: along with a quieter illegal immigrant population, are complaining about
• 25:38
  Speaker 2: no future. Will socialists and anarchy save them?
• 25:42
  Speaker 3: Hardly?
• 25:43
  Speaker 2: It was an anarchist that ended the seventies malaise. It
• 25:46
  Speaker 2: was a different type of voter frustration regime change that
• 25:50
  Speaker 2: upended the status quo free marketeers like Margaret Thatcher and
• 25:55
  Speaker 2: Ronald Reagan. Constructionists, not anarchists, still disorder sell. I've noticed
• 26:01
  Speaker 2: the New York Times now labels the twenty twenty George
• 26:04
  Speaker 2: Floyd riots as quote broadlay peaceful protests because because CNN's
• 26:11
  Speaker 2: mostly peaceful protests was ridiculed so badly. Anarchy ruled in
• 26:15
  Speaker 2: Seattle's Capitol Hill Autonomous Zone in twenty twenty and in
• 26:19
  Speaker 2: the smelly Occupy Wall Street encampments of twenty eleven. Add
• 26:23
  Speaker 2: to the list the January sixth, twenty twenty one mouth
• 26:26
  Speaker 2: breathers who stormed the Capitol, the recent campus protests, and
• 26:30
  Speaker 2: progressive support of Hamas terrorists in Gaza and further Middle
• 26:34
  Speaker 2: East unrest is all about anarchy. Same for Greta Thunberg's
• 26:38
  Speaker 2: omni cause of grievances. Europe was left behind because of
• 26:41
  Speaker 2: green spending anarchy, especially bent during cold winters. Again, why
• 26:47
  Speaker 2: who benefits?
• 26:49
  Speaker 3: Say that's the key.
• 26:52
  Speaker 2: There are two keys to understanding everything in life. This
• 26:54
  Speaker 2: is me and not Kessler. Who benefits? And follow the money?
• 26:59
  Speaker 2: They're different ways of saying the same thing. Who benefits,
• 27:03
  Speaker 2: follow the money? Ask yourself that about DEI becomes very
• 27:08
  Speaker 2: easy to understand. Now, his piece goes on, I want
• 27:16
  Speaker 2: to move to another commentator, Joe Rogan, on his podcast
• 27:20
  Speaker 2: this week, he said he believes that we're probably he
• 27:24
  Speaker 2: used the term at a seven seventy percent likely to
• 27:27
  Speaker 2: have a civil war in the United States, and his
• 27:30
  Speaker 2: comments deal with his.
• 27:34
  Speaker 3: This is the guy who used to be on the left.
• 27:36
  Speaker 2: How stunned he was to see so many people celebrating
• 27:39
  Speaker 2: and happy that Charlie Kirk was killed. Now I think
• 27:43
  Speaker 2: I'm farther ahead on Rogan on this. I've been seeing
• 27:46
  Speaker 2: this for some time. I'm going to explain with my
• 27:50
  Speaker 2: why this is happening, which is my conclusion after we
• 27:52
  Speaker 2: get to Rogan. So Rogan's now on the third point,
• 27:56
  Speaker 2: the number of Americans that are no embracing the notion
• 27:59
  Speaker 2: of violence and killing the opposition, and how this sentiment
• 28:03
  Speaker 2: is almost entirely from the left, in other words, the
• 28:05
  Speaker 2: Marxist world from Fox News, podcast host Joe Rogan warned
• 28:11
  Speaker 2: on Tuesday that not just the death of TPUSA co
• 28:15
  Speaker 2: founder Charlie Kirk, but the celebration of it, indicates the
• 28:17
  Speaker 2: country is inching closer to a civil war. Rogan spoke
• 28:21
  Speaker 2: with his guest Brian Redbond about how there has been
• 28:24
  Speaker 2: a chaotic back and forth kit for tat between America's
• 28:28
  Speaker 2: political left and right in recent years. He argued the
• 28:31
  Speaker 2: stark division within the country was expressed by the murder
• 28:34
  Speaker 2: of Kirk during a campus event this past September. Quote,
• 28:37
  Speaker 2: Charlie Kirk gets shot and people are celebrating, like.
• 28:40
  Speaker 3: Whoa, whoa, whoa, whoa, whoa.
• 28:43
  Speaker 2: You want people to die that you disagree with? Like,
• 28:47
  Speaker 2: where are we right now on the scale of one
• 28:50
  Speaker 2: too civil war? Where are we Are we at seven?
• 28:54
  Speaker 2: Because I thought we were at five. I thought we
• 28:56
  Speaker 2: were like four, four, five, he said during Twoday's podcasts
• 29:00
  Speaker 2: of the Joe Rogan Experience. But after the Charlie Kirk thing,
• 29:04
  Speaker 2: I'm like, oh, we might be like seven, might be
• 29:09
  Speaker 2: like seven on the way to a bonafide civil war.
• 29:15
  Speaker 2: Rogan highlighted how it's not just people on the margins,
• 29:18
  Speaker 2: but people in respected fields posting their joy about an
• 29:22
  Speaker 2: assassination on their public social media profiles. Let me interject,
• 29:25
  Speaker 2: it was big shots, as educators, fairly prominent people. These
• 29:29
  Speaker 2: are the ones that were saying all these positive and
• 29:31
  Speaker 2: wonderful things that it's always.
• 29:32
  Speaker 3: In it right that Charlie Kirk was killed again.
• 29:35
  Speaker 2: This goes back to the kinds of people that are
• 29:37
  Speaker 2: biting into the Marxism thing.
• 29:39
  Speaker 3: All right.
• 29:40
  Speaker 2: Now, Rogan goes on in which he thinks that there's
• 29:42
  Speaker 2: a real chance of civil war. And the reason he
• 29:45
  Speaker 2: believes this is when they start killing people right and
• 29:48
  Speaker 2: left and taking away of rights and the socialism comes in.
• 29:51
  Speaker 2: Do you really think that everybody else is just going
• 29:52
  Speaker 2: to roll over on this? Now, Marxism always leads to this.
• 29:59
  Speaker 2: You go back to wrought history. Marxism comes in under
• 30:06
  Speaker 2: the name of socialism. Oh, it's going to be wonderful.
• 30:09
  Speaker 2: Everybody's going to all these things that are free, blah
• 30:10
  Speaker 2: blah blah blah.
• 30:12
  Speaker 3: And we have tyrants that are in charge.
• 30:14
  Speaker 2: We got rid of them. But then it doesn't work.
• 30:18
  Speaker 2: Marxism never works. And as a result of that, in
• 30:22
  Speaker 2: order for the Marxists to maintain power, that's when freedom
• 30:25
  Speaker 2: is taken away, and that's when they start killing people.
• 30:27
  Speaker 2: That's when the elections end. When the left talks about
• 30:31
  Speaker 2: a threat to democracy, they're talking about a threat to
• 30:34
  Speaker 2: when they lose elections. Castro and Chrigevera overthrew the Batista
• 30:41
  Speaker 2: government and Cuban in the late nineteen fifties. There hasn't
• 30:43
  Speaker 2: been a real election there said, there still isn't any freedom.
• 30:49
  Speaker 2: They send the kids to re indoctrination schools, ban the church.
• 30:55
  Speaker 3: Could happened in Russia. Same thing. Watch the movie read
• 31:00
  Speaker 3: it was a Warren Baby movie.
• 31:04
  Speaker 2: It focused on Jack Raid in America and fell in
• 31:07
  Speaker 2: love with the Russian Revolution. Is so all this high
• 31:10
  Speaker 2: minded stuff and it was going to be wonderful for
• 31:14
  Speaker 2: one hundred years. All Russia was was terrible repression. And
• 31:18
  Speaker 2: it was repression because the economic system didn't work. It's
• 31:22
  Speaker 2: so simple to understand why it doesn't work. If you
• 31:26
  Speaker 2: don't pay people a lot of money for producing things,
• 31:29
  Speaker 2: they're not going to produce anything, so then we don't
• 31:32
  Speaker 2: have anything produced. So everything costs a fortune and everybody
• 31:34
  Speaker 2: is miserable. This whole thing falls apart. It's always fallen
• 31:38
  Speaker 2: apart the people that are most open to it, on
• 31:41
  Speaker 2: people who aren't buying into what you need to have
• 31:45
  Speaker 2: to do under capitalism to succeed, which means create value
• 31:51
  Speaker 2: unto yourself. You have to bring something to the table
• 31:54
  Speaker 2: and then you gotta work your ass off or come
• 31:57
  Speaker 2: up with an idea. So dog on good that you
• 31:59
  Speaker 2: can sell your company make zillions. It's always been the case. Well,
• 32:03
  Speaker 2: they don't want to do any of those things. First
• 32:05
  Speaker 2: of all, they're not smart enough to create anything that's
• 32:07
  Speaker 2: worth value. And secondly, they don't want to work, so
• 32:10
  Speaker 2: they buy into this next thing.
• 32:12
  Speaker 3: And then when somebody's.
• 32:13
  Speaker 2: Trying to obstruct and stop them on their way to Marxism, well,
• 32:16
  Speaker 2: we gotta kill him. We gotta kill him, We gotta
• 32:17
  Speaker 2: kill him, we gotta kill him. And there's gonna be
• 32:19
  Speaker 2: more of it.
• 32:24
  Speaker 3: Let me move on.
• 32:29
  Speaker 2: The I believe it's overwhelmingly likely that the Supreme Court
• 32:33
  Speaker 2: is going to strike down Trump's ability to teariff, which
• 32:36
  Speaker 2: I think is going to be a very very bad thing. Now,
• 32:38
  Speaker 2: the argument is whether or a Trump has the ability
• 32:40
  Speaker 2: to tear iff on his owner if he needs congressional approval.
• 32:44
  Speaker 2: The Supreme Court says that only Congress has to approve taxation.
• 32:48
  Speaker 2: Tariffs are attacks. It's just unclear if tariffs are attacks.
• 32:52
  Speaker 2: I don't think they are, but I understand why people
• 32:55
  Speaker 2: can make the point the tariff is something that is
• 32:58
  Speaker 2: levied on them of the product. Is that a tax
• 33:06
  Speaker 2: that's levied out in America? And you can argue if
• 33:08
  Speaker 2: the product's being imported from overseas, it's being levied on
• 33:11
  Speaker 2: the foreigners, it's being levied on a foreign nation, it's
• 33:14
  Speaker 2: a charge to them, meaning it's foreign policy, which is
• 33:17
  Speaker 2: the entire domain.
• 33:18
  Speaker 3: Of the executive.
• 33:20
  Speaker 2: The Congress has, other than declaration of war, zero role
• 33:23
  Speaker 2: and foreign policy, and the courts of zero role in
• 33:25
  Speaker 2: foreign policy. But taxation, that's a congressional thing. Trump argues
• 33:30
  Speaker 2: its foreign policy, and he's using emergency status to govern
• 33:35
  Speaker 2: with these tariffs, and the opponents are saying it's taxation,
• 33:40
  Speaker 2: and I suspect the Supreme Court is going to try
• 33:42
  Speaker 2: to clip the wings of the executive, fearing that the
• 33:45
  Speaker 2: executive is.
• 33:45
  Speaker 3: Taking too much power here.
• 33:47
  Speaker 2: In any event, one of the things happening with the
• 33:49
  Speaker 2: tariffs is, you know, they're being paid and a fortune
• 33:52
  Speaker 2: is coming in.
• 33:53
  Speaker 3: So Trump's floating this idea.
• 33:54
  Speaker 2: It's not going to happen because there's no way the
• 33:56
  Speaker 2: Congress is going to approve it. But Trump said, let's
• 33:58
  Speaker 2: send two thousand dollars every taxpayer in the United States,
• 34:02
  Speaker 2: and we've got so much tariff money flowing in that
• 34:04
  Speaker 2: we're going to rebate some of it. Now, you could
• 34:06
  Speaker 2: argue that that's a bad idea because the money should
• 34:09
  Speaker 2: be used to produce the federal deficit, come closer to
• 34:11
  Speaker 2: balancing the budget and so on, rather than giving it
• 34:13
  Speaker 2: back to the people. I think the reason Trump is
• 34:15
  Speaker 2: throwing this out there is so that people realize just
• 34:18
  Speaker 2: how much money we're making.
• 34:20
  Speaker 3: Off of ball of this.
• 34:22
  Speaker 2: Well, some people argue that they're raising prices. I haven't
• 34:25
  Speaker 2: seen any evidence of it. Inflation's running under three percent.
• 34:31
  Speaker 2: The money rolling into the government is a counter to that.
• 34:39
  Speaker 2: Now this I've been on this for several days, and
• 34:42
  Speaker 2: I want to continue with a brief segment. I think
• 34:49
  Speaker 2: I always have a sense when things don't sink into people.
• 34:52
  Speaker 2: I've been like any number of segments on why why
• 34:55
  Speaker 2: Obamacare is falling.
• 34:56
  Speaker 3: Apart, and that's the need for the bailout.
• 34:57
  Speaker 2: Now, I want to go back to something that I
• 35:02
  Speaker 2: said though during the discussion of Marxism.
• 35:05
  Speaker 3: Who benefits follow the money? Who benefited.
• 35:11
  Speaker 2: From Obamacare? Follow the money? Is a way of saying
• 35:15
  Speaker 2: the same thing some people actually don't know. It's the
• 35:20
  Speaker 2: same thing who benefited from mandating the COVID vaccines the
• 35:27
  Speaker 2: companies that sold the vaccines, right, Can you imagine being
• 35:32
  Speaker 2: in a business in which people were ordered to buy
• 35:34
  Speaker 2: your product.
• 35:35
  Speaker 3: What a great thing to be in. Right. Who benefited
• 35:39
  Speaker 3: from Obama?
• 35:40
  Speaker 2: The insurance companies benefited. We had this group of people
• 35:45
  Speaker 2: that weren't insured. Now they were part of Obamacare, so
• 35:52
  Speaker 2: they were insured. That means the insurance companies are being paid,
• 35:57
  Speaker 2: and they were being paid with these massive subsidies that
• 36:00
  Speaker 2: came from the government. Some quotes on this that I found.
• 36:07
  Speaker 2: This is a piece from justinnews dot com. The Obamacare
• 36:10
  Speaker 2: secret At the heart of the shutdown, insurers made billions
• 36:14
  Speaker 2: at taxpayer expense. Subsidies were greatly expanded by the Biden
• 36:18
  Speaker 2: administration during the COVID pandemic as an emergency measure, but
• 36:21
  Speaker 2: Democrats have fought to keep them permanent. Those subsidies were
• 36:26
  Speaker 2: mostly to Democratic donors large healthcare insurers. By the way,
• 36:30
  Speaker 2: if you take a look at the donations made by
• 36:32
  Speaker 2: the healthcare insurance industry, almost all the time, I didn't
• 36:36
  Speaker 2: say all, Almost all the top recipients are Democrats. You
• 36:39
  Speaker 2: know who's number one in the Senate number one recipient
• 36:44
  Speaker 2: of health insurance money. Take a guess, no, per specifically
• 36:54
  Speaker 2: Bernie Sanders. Bernie Sanders is the number one recipient of
• 37:00
  Speaker 2: contributions from the health insurance industry.
• 37:05
  Speaker 3: Very revealing. RFK Junior called him on on that one.
• 37:08
  Speaker 2: They were having a back and forth on one of
• 37:09
  Speaker 2: those here atino y and his breath sometimes his gravelly
• 37:12
  Speaker 2: voice is effective.
• 37:12
  Speaker 3: Was a fact, Bernie, you'll tet money, you'll talk more money.
• 37:16
  Speaker 3: Do you take more money than any of them? Then,
• 37:17
  Speaker 3: Bernie souey coming from the employees. Of course, it's coming
• 37:20
  Speaker 3: from the employees.
• 37:21
  Speaker 2: The corporations can't make the political contributions on their own,
• 37:24
  Speaker 2: but they're highly paid executives. The see and the individual
• 37:27
  Speaker 2: employee can kick in billions out of the millions of
• 37:30
  Speaker 2: dollars into these political action committees, the independent expenditures, and
• 37:34
  Speaker 2: so on. Anyway, back to the peace, the Obamacare insurance
• 37:38
  Speaker 2: exchanges also have another major flaw that fuels corporate profits.
• 37:42
  Speaker 2: Now listen to this sentence. Remember the majority of people, Yeah,
• 37:47
  Speaker 2: that's correct. Majority people on Obamacare are under fifty. Remember
• 37:52
  Speaker 2: Medicare is for senior citizens, Medicaid is for the very poor.
• 37:59
  Speaker 2: Obamacare is the group in between. A lot of them
• 38:02
  Speaker 2: are the middle to lower middle class, and many of
• 38:08
  Speaker 2: them are relatively young. What do we know about sickness
• 38:14
  Speaker 2: as a general rule, with a democratic demographic tilt to it.
• 38:18
  Speaker 2: The only are the sicker you gain and the more
• 38:20
  Speaker 2: healthcare you need. What's the perfect whether it's auto insurance,
• 38:24
  Speaker 2: homeowners insurance, who's the perfect client? You should be able
• 38:29
  Speaker 2: to get this. If you're an insurance company, who's the
• 38:31
  Speaker 2: perfect client? No, no, no, exactly any insurance company the
• 38:37
  Speaker 2: exact opposite somebody who's never sick. Suppose you have auto
• 38:41
  Speaker 2: insurance and autobile insurance policy, you don't make a claim
• 38:43
  Speaker 2: in nine years, that's the perfect client. Well, that's a
• 38:48
  Speaker 2: lot of the people at Obamacare. They never use their
• 38:52
  Speaker 2: health insurance. They never get past the deductible that you
• 38:58
  Speaker 2: have to pay her the out of pocket maximum. So
• 39:00
  Speaker 2: that point is made in this sentence. The Obamacare insurance
• 39:03
  Speaker 2: exchanges also have another major flaw that fuels corporate profits.
• 39:06
  Speaker 3: About a third of all subsidized.
• 39:08
  Speaker 2: Obamacare health plans go unused by the insured.
• 39:12
  Speaker 3: Think of that one third.
• 39:14
  Speaker 2: One third of the health plans under Obamacare are not
• 39:18
  Speaker 2: used by the person who has it.
• 39:19
  Speaker 3: In other words, they don't tap in for a single.
• 39:21
  Speaker 2: Benefit they're not sick, meaning these plans translate into pure
• 39:32
  Speaker 2: profits for the health insurance companies at the expense of
• 39:35
  Speaker 2: the America taxpayer. Now you dig a guy like me
• 39:39
  Speaker 2: who had a stroke a few years ago and asked
• 39:40
  Speaker 2: to go to the doctor for this, that and the
• 39:42
  Speaker 2: other thing. Hard to see how any insurance company is
• 39:44
  Speaker 2: going to make much money off of me. Now you
• 39:46
  Speaker 2: take somebody who's thirty eight years old, has insurance under Obamacare,
• 39:51
  Speaker 2: and maybe they have to go for a physical once
• 39:53
  Speaker 2: a year, and that's it, and they're not even on
• 39:55
  Speaker 2: any meds, or they got a couple, but it doesn't
• 39:57
  Speaker 2: hit the autopogomatics.
• 39:59
  Speaker 3: It's just for them. So again, who wins? The insurance
• 40:07
  Speaker 3: companies win.
• 40:12
  Speaker 2: Scott Jennings, the token conservative over at CNN, this is
• 40:17
  Speaker 2: what he said about this quote. One thing that came
• 40:20
  Speaker 2: out of this entire fight is that Obamacare has been
• 40:23
  Speaker 2: exposed as a complete and utter failure. We all know what.
• 40:27
  Speaker 2: Everybody admits it. The other thing that came out is
• 40:30
  Speaker 2: the Democrats are willing to make people suffer. We heard
• 40:33
  Speaker 2: Democrat after Democrats say quote, we just couldn't prolong the suffering.
• 40:38
  Speaker 2: So they admit their political tactics were designed to inflict
• 40:42
  Speaker 2: suffering on American people. We learned about cynical politics. The
• 40:47
  Speaker 2: overall system of healthcare is going to have to be
• 40:50
  Speaker 2: dealt with because the system has failed. I think it
• 40:53
  Speaker 2: is bipartisan. Everyone admits it. God Jennings what the Republicans
• 40:58
  Speaker 2: have said, and I agree with them. Okay, you've got
• 41:01
  Speaker 2: all these people that are at Obamacare. We can't just
• 41:03
  Speaker 2: have their premiums triple. That's a real hardship for them.
• 41:08
  Speaker 2: It's not their fault. But in creating a fix that
• 41:13
  Speaker 2: includes continuing the subsidies that these people can afford care,
• 41:17
  Speaker 2: we've got to create reforms in there to end these
• 41:21
  Speaker 2: incredible abuses. As I say, the insurance companies are making
• 41:27
  Speaker 2: a killing on these things. Going back to the basic
• 41:34
  Speaker 2: rule of insurance, which again you'd think everybody would know,
• 41:38
  Speaker 2: but I realized that some people out there are lefties
• 41:40
  Speaker 2: and don't know anything. Others are the people that glom
• 41:43
  Speaker 2: onto my program because they actually learn things because it's
• 41:46
  Speaker 2: never even presented to them anywhere else. How do insurance
• 41:49
  Speaker 2: companies make money off the people who don't make claims? Seriously,
• 41:53
  Speaker 2: I think people don't understand that off the people who
• 41:56
  Speaker 2: don't make claims, or hardly ever make claims, or only
• 41:59
  Speaker 2: making little claims, and they're willing to eat the people
• 42:03
  Speaker 2: who put in a lot of claims because it's overrun
• 42:09
  Speaker 2: on the other side by the profits and the people
• 42:11
  Speaker 2: that don't put in the claims. And they have to
• 42:13
  Speaker 2: set the insurance rates high enough to cover the cost
• 42:17
  Speaker 2: that they have to pay out, whether it's health insurance
• 42:19
  Speaker 2: or a cairecor whatever it is, a fire, et cetera.
• 42:25
  Speaker 2: And everybody pays those claims and wait, the system works
• 42:28
  Speaker 2: is they have to.
• 42:29
  Speaker 3: Charge it high enough for the people who don't put
• 42:31
  Speaker 3: in claims.
• 42:32
  Speaker 2: So the thing with Obamacare is, even people went to
• 42:34
  Speaker 2: the doctor a lot, weren't putting in claims because the
• 42:36
  Speaker 2: obamacares have these high minimums, the annual deductible, the first
• 42:40
  Speaker 2: so much you have to pay and so on. That
• 42:42
  Speaker 2: the insurance companies weren't being danged. They'd only be dinged
• 42:45
  Speaker 2: if somebody in this age group, and many were young,
• 42:47
  Speaker 2: had some serious, awful illness for which they were hospitalized
• 42:50
  Speaker 2: for months and months and months. Those are the ones
• 42:52
  Speaker 2: that the hut that the insurance companies lose off them.
• 42:55
  Speaker 2: Why do you think the insurance companies wanted it so badly?
• 42:58
  Speaker 2: And why do you think that the health insurance company.
• 43:00
  Speaker 2: But he's give so much money to democrats. Well, now,
• 43:03
  Speaker 2: you know, I know some people. There's a woman I
• 43:12
  Speaker 2: know in Florida. I dated her like two or three
• 43:16
  Speaker 2: years ago. I lose track of the years.
• 43:18
  Speaker 3: I've been down there. She had some.
• 43:23
  Speaker 2: She hated insurance. She's well off, she hated insurance. I
• 43:29
  Speaker 2: just thought, this is an unusual thing to hate. I'm,
• 43:31
  Speaker 2: by the way, one of the opposite. I'm one of
• 43:33
  Speaker 2: these people that pays. I've got lots of insurance and
• 43:37
  Speaker 2: an umbrella and all of this, And you know, I
• 43:40
  Speaker 2: want in terms of my health insurance. Obviously, given the
• 43:44
  Speaker 2: health conditions I have in my age, I have to
• 43:46
  Speaker 2: go and get certain treatments and so on. But on
• 43:47
  Speaker 2: the other stuff, I probably err on the side of
• 43:50
  Speaker 2: way more insurance than you would need, et cetera. Right,
• 43:53
  Speaker 2: I just want that peace of mind. I want the
• 43:55
  Speaker 2: peace of mind if God forbid some awful automobile accent
• 43:58
  Speaker 2: it occurs, and so on, that I have covering and
• 44:00
  Speaker 2: I don't have to tap into my life savings and
• 44:02
  Speaker 2: say I'm just somebody who in that. I'm fiscally conservative
• 44:06
  Speaker 2: in that area. Right, Well, this was the opposite. She
• 44:11
  Speaker 2: just hated insurance. Now, if you're in Florida, insurance property casual,
• 44:15
  Speaker 2: the auto insurance is very expensive in Florida.
• 44:18
  Speaker 3: It just is.
• 44:19
  Speaker 2: She hated insurance. And she told me she didn't have
• 44:22
  Speaker 2: homeowners insurance, just didn't have it. Said, screw it, I'm
• 44:27
  Speaker 2: self insuring. Self insuring means I've got enough money that
• 44:31
  Speaker 2: I have to pay for anything, I'll pay for it
• 44:32
  Speaker 2: out of pocket. Well, you know what if somebody's walking
• 44:36
  Speaker 2: their dog and they trip on something in your yard
• 44:39
  Speaker 2: and all of this and they sue you. And it
• 44:44
  Speaker 2: was just she just hated insurance. I mean, I kind
• 44:48
  Speaker 2: of disliked. I don't dislike the insurance companies. I understand
• 44:52
  Speaker 2: why they want obamacaren.
• 44:53
  Speaker 3: I understand where they want all of this stuff.
• 44:56
  Speaker 2: It's the same reason why I understood why the drug
• 44:58
  Speaker 2: companies wanted a man date the COVID vaccines. They're making money,
• 45:03
  Speaker 2: but it's not a reason for the government for the
• 45:05
  Speaker 2: people to do what they want them to do.
• 45:07
  Speaker 3: What we don't have to do what they want to
• 45:10
  Speaker 3: be done. Did you follow that? Did you follow that
• 45:13
  Speaker 3: or not?
• 45:15
  Speaker 2: I had the word them in there too many extra times.
• 45:19
  Speaker 2: I have another topic that we need to dive into here.
• 45:23
  Speaker 3: Two of them.
• 45:24
  Speaker 2: Actually, let's start with it's kind of a good news
• 45:29
  Speaker 2: bad news story. I won't tease it any more than that.
• 45:32
  Speaker 2: This is the Mark Belling podcast. This is the Mark
• 45:37
  Speaker 2: Belling Podcast. I'm struck by the number. First of all liberals,
• 45:41
  Speaker 2: they're always wrong. They're stupid. They can't learn anything. They
• 45:44
  Speaker 2: just do not learn. It doesn't matter how many times
• 45:47
  Speaker 2: the thing that they believe in has been disproven.
• 45:49
  Speaker 3: They simply have this. They're like, it'd be like the
• 45:53
  Speaker 3: weirdest thing.
• 45:54
  Speaker 2: Imagine you got a baseball player that's batting like one
• 45:56
  Speaker 2: fifty two for his batting average.
• 45:59
  Speaker 3: Kind of like, we're Joe your tease.
• 46:00
  Speaker 2: Wise, the first half of the season, he turned it
• 46:02
  Speaker 2: around to the second that guy usually isn't gonna cut.
• 46:05
  Speaker 2: One of the problems is when you lack confidence, you
• 46:08
  Speaker 2: do poor. You know, if you think you're gonna miss
• 46:10
  Speaker 2: a putt engulfing, you're gonna miss the putt. If you
• 46:14
  Speaker 2: think you're gonna make it, you might not make it,
• 46:16
  Speaker 2: but you're way likely. Free throws that's another one. If
• 46:19
  Speaker 2: you think you're gonna make the free throw, you're likely
• 46:21
  Speaker 2: to make the free throw. Then oh god, don't follow me.
• 46:22
  Speaker 2: I don't want to go to the free throw line.
• 46:24
  Speaker 2: Liberals are this hoddest, this oddest group. Their percentage is
• 46:28
  Speaker 2: like twenty two point two two, that's their batting average.
• 46:31
  Speaker 3: But they convince they're gonna get it hit.
• 46:33
  Speaker 2: They just can I they can I. They don't seem
• 46:36
  Speaker 2: to understand how stupid they are.
• 46:39
  Speaker 3: There's another group.
• 46:40
  Speaker 2: Though, that's kind of in the middle of that, of
• 46:42
  Speaker 2: people who aren't liberal but just they don't know. This
• 46:46
  Speaker 2: is kind of mostly for them. I sometimes wonder how
• 46:53
  Speaker 2: people that aren't liberal that are in this kind of
• 46:55
  Speaker 2: I don't know category can't figure out certain things. It
• 47:00
  Speaker 2: seemed to me to be obvious. Here's one of the
• 47:03
  Speaker 2: things that to me is obvious. If you want economic development,
• 47:07
  Speaker 2: put a freeway in. Look all the economic development is
• 47:12
  Speaker 2: there's a freeway. It's just amazing. Oh, it's all right,
• 47:15
  Speaker 2: it's all kind of right there by the freeway.
• 47:18
  Speaker 3: Lefties are the opposite.
• 47:19
  Speaker 2: They think, if you want economic development, tear it on
• 47:22
  Speaker 2: the freeway. This I seven ninety four thing, for those
• 47:27
  Speaker 2: of you not familiar. I seventy four is the spur
• 47:31
  Speaker 2: of the freeway that runs into downtown Milwaukee. The I
• 47:35
  Speaker 2: forty three and I ninety four freeways. The two interstates
• 47:38
  Speaker 2: that run through Milwaukee neither go into downtown. They skirt
• 47:43
  Speaker 2: the downtown. Seven ninety four is the one that runs
• 47:46
  Speaker 2: right into the downtown. It's just south for those of
• 47:51
  Speaker 2: you who are to Milwaukee at all of Wisconsin Avenue,
• 47:54
  Speaker 2: which is.
• 47:56
  Speaker 3: Kind of used to be the center of the downtown.
• 47:59
  Speaker 2: The lefties to tear it down. They think this will
• 48:02
  Speaker 2: produce more economic development. Now, I've explained and gone through
• 48:07
  Speaker 2: and debunked this on several programs, so I don't want
• 48:09
  Speaker 2: to spend too much time on it.
• 48:11
  Speaker 3: But they don't.
• 48:12
  Speaker 2: And the reason that they think it will produce economic
• 48:14
  Speaker 2: development is they say, well, look at all this land
• 48:16
  Speaker 2: right by the freeway, we can develop it. Well, they're
• 48:20
  Speaker 2: on the right track on that, but then they take
• 48:25
  Speaker 2: the track and their mind's the rail. The reason that
• 48:29
  Speaker 2: land seems valuable is because it's on the freeway. The
• 48:34
  Speaker 2: freeway is not there, it's just empty lots that are.
• 48:37
  Speaker 3: Part of congestion.
• 48:42
  Speaker 2: Obviously, when you have a freeway, some things can't be
• 48:45
  Speaker 2: developed right at it.
• 48:46
  Speaker 3: The land right under it, for example, you.
• 48:49
  Speaker 2: Know and give or takes, say sixty yards in each
• 48:52
  Speaker 2: direction can't be because you need that space for the
• 48:54
  Speaker 2: roads themselves, in the entrance ramps and so on.
• 48:57
  Speaker 3: But tear it a double.
• 48:57
  Speaker 2: We can develop all that land that's underneath all of
• 48:59
  Speaker 2: it that, but when it doesn't have the freeway anymore,
• 49:03
  Speaker 2: it's just gonna be crappy area that you.
• 49:06
  Speaker 3: Can't get to.
• 49:08
  Speaker 2: Secondly, they don't seem to understand that one of the
• 49:12
  Speaker 2: reasons that they land adjacent to the freeway is valuable
• 49:16
  Speaker 2: is because the freeway is there. They serious, I'm serious
• 49:20
  Speaker 2: about this. The two areas that have boomed to Milwaukee,
• 49:23
  Speaker 2: and I'm telling you, the only two in the whole city.
• 49:26
  Speaker 2: You go from like Northridge on the northwest to the
• 49:29
  Speaker 2: airport in the southeast, there's only two areas of the
• 49:31
  Speaker 2: sate of Milwaukee that are booming, the third ward and
• 49:34
  Speaker 2: the lower east side edge of downtown, the only two.
• 49:40
  Speaker 2: Who do you think what.
• 49:41
  Speaker 3: Freeway do you think serves those two groups? Seven ninety four?
• 49:47
  Speaker 2: All right, So now these studies are being done, should
• 49:50
  Speaker 2: we tear it down every place?
• 49:51
  Speaker 3: And their idea is to tear it down, We're.
• 49:53
  Speaker 2: Gonna just put all this traffic you'd have to get
• 49:55
  Speaker 2: off the freeway like a tenth street near the market
• 49:57
  Speaker 2: interchange and drive on city streets. This is compounded by
• 50:01
  Speaker 2: the fact that may Or Chevy's putting all these curbs
• 50:03
  Speaker 2: and concrete in the middle of the streets and so on.
• 50:06
  Speaker 2: First study the dot. Now the dot in Wisconsin is
• 50:09
  Speaker 2: part of the Ebers administration.
• 50:11
  Speaker 3: They're lefty.
• 50:12
  Speaker 2: Now their latest study indicates, I'll quote from the headline
• 50:18
  Speaker 2: on js on this is actually from the prediction of
• 50:20
  Speaker 2: the journal New Wizdot Analysis Eyes Congestion Agency I seven
• 50:25
  Speaker 2: ninety four removal would clog side streets.
• 50:28
  Speaker 3: Dumb kidding.
• 50:31
  Speaker 2: All right, now, let me the following forty seconds is
• 50:36
  Speaker 2: for those of you that I don't want to say dumb?
• 50:38
  Speaker 3: What words should I say? Well? Dumb?
• 50:42
  Speaker 2: Well, if you're no, that's not a bad thing to
• 50:44
  Speaker 2: be dumb, because if you listen to this and accept it,
• 50:46
  Speaker 2: you're less dumb. This is how you go from being
• 50:48
  Speaker 2: dumb to smart. I was very very dumb for a
• 50:51
  Speaker 2: long period of time. I was very highly educated, but
• 50:53
  Speaker 2: it was very very dumb because I didn't understand any.
• 50:55
  Speaker 3: Of these things.
• 50:56
  Speaker 2: You over there, where are you in the dumbness smart scale?
• 51:03
  Speaker 2: Above A well, okay, you're above average. Where were you
• 51:05
  Speaker 2: when you're started with me dumb as a box of rocks. Right,
• 51:09
  Speaker 2: all right, Now, let's imagine you've got traffic and it's
• 51:15
  Speaker 2: all on this freeway right now, and the freeway isn't there.
• 51:18
  Speaker 2: It has to come somewhere, So the dew's gonna create congestion,
• 51:24
  Speaker 2: No bleeping kidding. What happens when there's congestion. There's an
• 51:32
  Speaker 2: old saying it's a tributary to Yogi Berra. I've been
• 51:34
  Speaker 2: told that none of the things Yogi Berra said. He
• 51:36
  Speaker 2: actually said, people they find a tape of Yogi saying
• 51:40
  Speaker 2: any of these things. Anyways, supposedly said that place is
• 51:44
  Speaker 2: so crowded nobody goes there anymore. See, when you think
• 51:47
  Speaker 2: about it, that actually makes sense, but it sounds like
• 51:51
  Speaker 2: it's nonsense. But obviously there are certain things that many
• 51:55
  Speaker 2: of us avoid because it's too crowded. Said, well, that
• 51:58
  Speaker 2: is obviously it's successful because it's crowded.
• 52:00
  Speaker 3: That's true.
• 52:02
  Speaker 2: But if even more masses have to avoid it, that
• 52:05
  Speaker 2: means they're avoiding it because of the crowds. Anyone who
• 52:08
  Speaker 2: has seen traffic and now we're seeing the whole thing
• 52:10
  Speaker 2: with regard to the I ninety four reconstruction going on
• 52:13
  Speaker 2: in Milwaukee County. It's resulting in more people using eight
• 52:16
  Speaker 2: ninety four et cetera to get out of the congestion
• 52:19
  Speaker 2: that's in that area.
• 52:20
  Speaker 3: People will do anything to avoid the congestion.
• 52:23
  Speaker 2: And if the city of Milwaukee is congested, people are
• 52:25
  Speaker 2: just going to try to avoid that altogether. And it
• 52:27
  Speaker 2: becomes an a turrent to develop business. It becomes anturrent
• 52:30
  Speaker 2: to housing and so on, which is why almost every
• 52:32
  Speaker 2: part of the state of Wisconsin that has economic activity
• 52:35
  Speaker 2: and is booming right now is on an interstate or
• 52:38
  Speaker 2: otherwise major So the dot now is coming up with this,
• 52:41
  Speaker 2: it's going to create congestion. This is a major step
• 52:44
  Speaker 2: forward because, as I say, the consensus I think is
• 52:46
  Speaker 2: starting to move toward we can't do this. Next, the
• 52:50
  Speaker 2: Association of Commercial Realtors. Do you have to explain what
• 52:53
  Speaker 2: they are or is it self explanatory. It's self explanatory.
• 52:57
  Speaker 2: They have a new report it's in the Business and
• 53:00
  Speaker 2: JS online today in which it says this would be
• 53:03
  Speaker 2: an economic disaster. It would not create development, development would crash,
• 53:09
  Speaker 2: and that defeats the entire.
• 53:11
  Speaker 3: Argument then to do it.
• 53:12
  Speaker 2: The people advocating it are saying, if you tear it
• 53:14
  Speaker 2: on the freeway, there'll be more economic development. The commercial
• 53:17
  Speaker 2: realtors the entity that benefits the most economic development because
• 53:20
  Speaker 2: they're selling the property and selling the buildings and so
• 53:22
  Speaker 2: what are saying it will kill economic development by creating
• 53:25
  Speaker 2: so much congestion and misery that people will avoid the
• 53:31
  Speaker 2: whole area. Here's how widespread this growing consensus is getting.
• 53:37
  Speaker 2: Jeff Wagner's commenting on it. Now, you probably are willing
• 53:41
  Speaker 2: to ask, how in the world would you know what
• 53:43
  Speaker 2: Jeff Wagner is commenting on? Why don't you want to
• 53:45
  Speaker 2: ask me that question? How old the world did I
• 53:48
  Speaker 2: know that? For some reason, Jeff Wagner's post on X
• 53:51
  Speaker 2: showed up on my x feed formerly known as Twitter.
• 53:55
  Speaker 3: Why does X think?
• 53:56
  Speaker 2: I want to see what Jeff Wagner has to say
• 53:59
  Speaker 2: Elon Musk or whoever he's doing this, Though, Jeff Wagner
• 54:02
  Speaker 2: actually said something very intelligent and it popped up on
• 54:05
  Speaker 2: my feet. They were probably waiting for Jeff to say
• 54:08
  Speaker 2: something intelligent and then they slapped it in.
• 54:09
  Speaker 3: Front of me.
• 54:11
  Speaker 2: Here's what Jeff said. I'll give them one thing. The
• 54:14
  Speaker 2: anti car crowd never quits tearing down I seven ninety
• 54:18
  Speaker 2: four and dumping all that traffic onto surface streets is
• 54:22
  Speaker 2: one of the most staggeringly stupid ideas of the last
• 54:25
  Speaker 2: fifty years, maybe even dumber than the hop and that's
• 54:30
  Speaker 2: saying a lot.
• 54:32
  Speaker 3: Jeff Wagner all right, now to this story. The new
• 54:42
  Speaker 3: report card is out from DPI. The report card is.
• 54:48
  Speaker 2: The ranking of all schools in the state of Wisconsin
• 54:52
  Speaker 2: by the Department of Public Instruction. One of the things
• 54:56
  Speaker 2: that they did, as you've discussed on several segments over
• 55:00
  Speaker 2: the past number of months, is they change the standards
• 55:04
  Speaker 2: for ranking. In other words, the example that I use is,
• 55:07
  Speaker 2: imagine if you're using a letter grade a grade in
• 55:10
  Speaker 2: your school. If you got a seventy four, that would
• 55:13
  Speaker 2: account to a D. And now they took the seventy
• 55:15
  Speaker 2: four and they just make.
• 55:16
  Speaker 3: It a B and a D.
• 55:17
  Speaker 2: You'd have to be fifty three and just making that up.
• 55:19
  Speaker 2: But that's what they did. They simply lowered each level
• 55:23
  Speaker 2: of standard. They ranked the schools on five stars. Every
• 55:30
  Speaker 2: school system in the state of Wisconsin is ranked on
• 55:32
  Speaker 2: five stars. Nobody gets no stars. The lowest score is
• 55:37
  Speaker 2: one star. Do you know how many school districts got
• 55:39
  Speaker 2: one star? None, not even MPs. The worst performing the
• 55:47
  Speaker 2: school distinct in Merrill apparently is a toilet.
• 55:50
  Speaker 3: Boulot's stinks.
• 55:53
  Speaker 2: None of them got one star, more than half got
• 55:56
  Speaker 2: four or five stars. Let's discuss this for a moment.
• 56:05
  Speaker 2: DPI the Department of Public Instruction, and this same issue
• 56:10
  Speaker 2: came to four with their cover up of all of
• 56:12
  Speaker 2: the teachers that have been engaging and grooming or other
• 56:14
  Speaker 2: sexual activity in which reports were kept from the public,
• 56:18
  Speaker 2: and the public wasn't aware of the teachers that were
• 56:20
  Speaker 2: disciplined for this. Some lost their licenses, others did not
• 56:23
  Speaker 2: that there was a cover up of all of this,
• 56:27
  Speaker 2: and DPI is trying to end the hack. That's in
• 56:30
  Speaker 2: charge of DPI, Jill Undeley, is trying to explain away
• 56:33
  Speaker 2: all of this. The same thing is true with the
• 56:34
  Speaker 2: ranking of the public schools. Dpi's purpose is to oversee
• 56:38
  Speaker 2: public schools and all schools in the state of Wisconsin
• 56:41
  Speaker 2: in the same way that you got like the plumbing
• 56:44
  Speaker 2: board oversees the plumbers.
• 56:45
  Speaker 3: It's supposed to be the oversight board. It's not supposed
• 56:48
  Speaker 3: to be the shill for board.
• 56:51
  Speaker 2: DPI is supposed to try to hold schools to standards.
• 56:54
  Speaker 2: So if we see a school district over here that
• 56:57
  Speaker 2: stanks that's called out, but instead DPI has become the
• 57:01
  Speaker 2: entity that whitewashes all of these performances because the people
• 57:05
  Speaker 2: that are in DPI come from all the individual schools.
• 57:10
  Speaker 2: So the very purpose of DPI trying to elevate education,
• 57:13
  Speaker 2: they're doing the opposite. They're lowering it by taking education
• 57:16
  Speaker 2: that's crappy and telling us that it's good. In the
• 57:19
  Speaker 2: earlier segment, we talked about the sixty percent of kids
• 57:21
  Speaker 2: that were getting a's in college.
• 57:24
  Speaker 3: It's the same thing with regard to the schools. They're
• 57:25
  Speaker 3: all four and five times. So you've got all these parents.
• 57:27
  Speaker 2: In these committees that, oh, my Schot's success five star.
• 57:30
  Speaker 3: I mean nothing.
• 57:35
  Speaker 2: We are on a long term down trend of standardized
• 57:39
  Speaker 2: test scores declining but school district performance on the report
• 57:43
  Speaker 2: cards improving. You see the problem, of course with this,
• 57:49
  Speaker 2: and this problem will continue as long as the voters
• 57:51
  Speaker 2: of the state of Wisconsin keep electing shameless hacks for
• 57:56
  Speaker 2: the schools to the head of the DPI office.
• 58:02
  Speaker 3: Now here's a story for you. This is one of those.
• 58:06
  Speaker 2: In which I'm not gonna say they got what they deserved,
• 58:12
  Speaker 2: but I'm close to saying they got what they deserved.
• 58:15
  Speaker 3: Let's imagine you want a business. What business?
• 58:18
  Speaker 2: Well, you do want a business? Okay, which one do
• 58:23
  Speaker 2: we want to take? Well, you tell you you pick one.
• 58:28
  Speaker 2: I'm using you as an example here what storage? And
• 58:31
  Speaker 2: Paul's got a spailler doesn't have a storage in a business?
• 58:34
  Speaker 3: All right?
• 58:35
  Speaker 2: Now, I don't do you have any employees yet? Just
• 58:39
  Speaker 2: you're just you know, just let's imagine you get to
• 58:42
  Speaker 2: the point of needing employees.
• 58:44
  Speaker 3: I'm trying to make the example work.
• 58:45
  Speaker 2: Okay, So you're gonna name like a manager somebody that's
• 58:49
  Speaker 2: collecting the rent and is that what they call it?
• 58:51
  Speaker 3: Rent? For the when you rent? Well, would.
• 58:57
  Speaker 2: How dumb would you have to be to hire a
• 59:00
  Speaker 2: victed in Bessler to be that person?
• 59:03
  Speaker 3: Beyond dumb? All right? Ten years ago the town clerk
• 59:07
  Speaker 3: in Lisbon. Lisbon is in.
• 59:11
  Speaker 2: Is it Waukeshore, Washington County? I think it's northern Waukeshaw County.
• 59:15
  Speaker 2: If I'm wrong and it's Southern's it's right near Menominee Falls, Lisbon.
• 59:23
  Speaker 2: She was the town clerk in the town of Lisbon.
• 59:26
  Speaker 2: Her name is Elizabeth Crouse. She was convicted of what
• 59:30
  Speaker 2: it's Waukeshaw. Yeah, it's right on the northern edge of
• 59:32
  Speaker 2: Waukeshaw County, near the Menomine Falls area. She was convicted
• 59:38
  Speaker 2: of embezzling money from the town when she was the
• 59:40
  Speaker 2: town clerk.
• 59:41
  Speaker 3: That was in twenty fifteen.
• 59:45
  Speaker 2: The business here is not named, but she's now working
• 59:48
  Speaker 2: or was working at a business that's in the town
• 59:50
  Speaker 2: of Waukeshaw. The report in the Walkershaw Frameman does not
• 59:52
  Speaker 2: name the business. What do you think she's done there?
• 59:56
  Speaker 2: She's the business manager. She's charged at the BES. Now,
• 1:00:02
  Speaker 2: first of all, there's public records in all of this,
• 1:00:05
  Speaker 2: and because this is a school, even a Google search
• 1:00:07
  Speaker 2: it and I did it. The hits come up from
• 1:00:09
  Speaker 2: years ago with regard to her, and you do a
• 1:00:11
  Speaker 2: Google search on it and there's or she's convicted of embezzley.
• 1:00:15
  Speaker 3: Now, clearly you shouldn't blame the victim of a crime.
• 1:00:18
  Speaker 2: You know, somebody does something stupid, they leave their door
• 1:00:20
  Speaker 2: unlocked or any number of things. You don't blame them
• 1:00:24
  Speaker 2: for being the victim of the crime. But you certainly
• 1:00:26
  Speaker 2: it's fair to question why what were you thinking? What
• 1:00:30
  Speaker 2: would anybody be thinking and hiring this woman? I or
• 1:00:36
  Speaker 2: just I've changed. See the thing about embezzlers, I understand
• 1:00:40
  Speaker 2: imbezzler's prior to coming to Milwaukee. So two separate radio
• 1:00:44
  Speaker 2: companies that I was at were embezzled. In both cases,
• 1:00:48
  Speaker 2: it was the nicest person in the building. See the
• 1:00:51
  Speaker 2: thing of it is, if you're gonna be embezzler, you
• 1:00:53
  Speaker 2: have to seem to be the nicest, most honest person
• 1:00:55
  Speaker 2: because if you're like, you know, some weasel like Paul, everybody,
• 1:00:58
  Speaker 2: nobody's gonna trust you with anybody thinking that snake will
• 1:01:01
  Speaker 2: steal it. Well, it's true, right, Like like the band
• 1:01:07
  Speaker 2: when they have the cookie sales from the high school
• 1:01:09
  Speaker 2: band and all of that, sometimes they'll get so stolen.
• 1:01:12
  Speaker 2: The person who steals somebody is always the one you
• 1:01:14
  Speaker 2: trusted the most because they put on this zero being
• 1:01:16
  Speaker 2: so trustworthy. That means they're barely good at like Buffalo
• 1:01:19
  Speaker 2: and anyway. Her name is Elizabeth Crouse. She's actually back
• 1:01:23
  Speaker 2: in Take Cheetah right now. She's been on probation often
• 1:01:26
  Speaker 2: on since their conviction from Lisbon, but they kept extending
• 1:01:29
  Speaker 2: her probation because she wasn't following the terms of her
• 1:01:32
  Speaker 2: probation another red flag. So when she was originally investigated
• 1:01:36
  Speaker 2: on this charge earlier in the year. They revoked her
• 1:01:40
  Speaker 2: probation and threw her back into and to Tate Cheetah.
• 1:01:44
  Speaker 2: Remember that your probation can be revoked. There's all these
• 1:01:46
  Speaker 2: terms that they have under it, beyond simply being convicted
• 1:01:50
  Speaker 2: of a crime, quoting from the Story and the Freeman.
• 1:01:53
  Speaker 3: According to a complaint in.
• 1:01:54
  Speaker 2: The case, a sheriff's deputy was dispatched to a business
• 1:01:57
  Speaker 2: in the I think I said town. It's now the
• 1:01:58
  Speaker 2: town of Waka Shaw history age to a village, but
• 1:02:00
  Speaker 2: it's the village of Waukisha, not the city, on February eighteenth,
• 1:02:03
  Speaker 2: to investigate a possible case of employee theft. The address
• 1:02:08
  Speaker 2: of the business was incomplete in the complaints, so for
• 1:02:11
  Speaker 2: some reason, the criminal complaint is not at this point
• 1:02:12
  Speaker 2: naming the business. However, the complaint indicates someone at the
• 1:02:15
  Speaker 2: complaining business suspected that Kraus was behind the thefts, apparently
• 1:02:20
  Speaker 2: writing company checks to herself and cashing them to the
• 1:02:22
  Speaker 2: tune of forty one, five hundred and five dollars. On
• 1:02:25
  Speaker 2: February seventeenth, the manager saw I checked for thirty three
• 1:02:27
  Speaker 2: hundred dollars paid out to Kraus, but it was the
• 1:02:30
  Speaker 2: same amount as the company's rent, which was paid a
• 1:02:33
  Speaker 2: week earlier. The complaint said. A review of company books
• 1:02:36
  Speaker 2: showed that over the prior fourteen months, Krause appeared to
• 1:02:39
  Speaker 2: have written numerous checks to herself.
• 1:02:41
  Speaker 3: No, here's a good one.
• 1:02:43
  Speaker 2: I'm always intrigued by how people pull scams. It turns
• 1:02:48
  Speaker 2: out that when you know, I'll do an investigation the
• 1:02:50
  Speaker 2: subpoena and bank records. It turns out that repeatedly during
• 1:02:54
  Speaker 2: this time, she was venmowing money to her mother.
• 1:02:58
  Speaker 3: Do you have to explain what venmo is? Probably should.
• 1:03:01
  Speaker 3: It's one of these cash apps. It's like PayPal and
• 1:03:04
  Speaker 3: a number of others.
• 1:03:06
  Speaker 2: She was venoing money right and left to her daughter,
• 1:03:09
  Speaker 2: and that her daughter would turn around and venmo money
• 1:03:12
  Speaker 2: back to her the same amount. Now, why would you
• 1:03:15
  Speaker 2: do this? I'm guessing it must be some attempt to
• 1:03:19
  Speaker 2: conceal the money that's going into her account, because when
• 1:03:22
  Speaker 2: you're seeing these deposits, the deposits are mostly from her
• 1:03:25
  Speaker 2: own daughter giving her money. In fact, the money that
• 1:03:28
  Speaker 2: was swiped, allegedly she would venmo.
• 1:03:31
  Speaker 3: To her daughter kick it back.
• 1:03:32
  Speaker 2: The complaint, by the way, states that the daughter had
• 1:03:34
  Speaker 2: no knowledge of why this is going on. Her mother
• 1:03:35
  Speaker 2: would just telling her I need to do this, back
• 1:03:37
  Speaker 2: and forth. She probably gave her some re There's no
• 1:03:38
  Speaker 2: evidence that the daughter was in on this at all.
• 1:03:42
  Speaker 2: When managers and the deputy showed Kraus copies of the checks,
• 1:03:46
  Speaker 2: she replied the quote she had made a mistake, the
• 1:03:50
  Speaker 2: complaint said, and adding the quote. It was clarified with
• 1:03:53
  Speaker 2: the defendant that what she meant was that she had
• 1:03:56
  Speaker 2: made a mistake by writing herself checks.
• 1:04:00
  Speaker 3: Yeah, you made a mistake. You stole money. That was
• 1:04:03
  Speaker 3: a mistake.
• 1:04:07
  Speaker 2: I just think there's certain crimes that you're gonna go
• 1:04:10
  Speaker 2: one of two ways.
• 1:04:10
  Speaker 3: You get caught and you go straight.
• 1:04:12
  Speaker 2: Drunk driving is like this, Oh my god, I got
• 1:04:15
  Speaker 2: the person person gainst the first EUI, and they just
• 1:04:18
  Speaker 2: they're so scared about this that they actually behave for
• 1:04:21
  Speaker 2: the rest of their lives. And there are other people
• 1:04:23
  Speaker 2: from whom it bounces right off of them. Almost everybody
• 1:04:26
  Speaker 2: involving in illicit pornography or sexual deviancy with miners and
• 1:04:31
  Speaker 2: so on, I think almost all of them are not reformable.
• 1:04:35
  Speaker 3: I think the same is true of embezzlers.
• 1:04:37
  Speaker 2: I think if you embezzle and you get away with it,
• 1:04:39
  Speaker 2: You're gonna keep doing it and doing it and doing
• 1:04:41
  Speaker 2: If you embezzle then you get caught, you're probably wanting
• 1:04:45
  Speaker 2: to do it again, and you're gonna wait for the
• 1:04:47
  Speaker 2: perfect situation. And what's the perfect situation? And that is
• 1:04:50
  Speaker 2: where there isn't proper monitoring of the books. I mean,
• 1:04:53
  Speaker 2: it's very hard on some small businesses, but I've even
• 1:04:56
  Speaker 2: said with nonprofits, every nonprofit should have two party authors
• 1:05:00
  Speaker 2: for the signing of all checks or check Now is
• 1:05:04
  Speaker 2: becoming an archaic term disbursement of any form if you're
• 1:05:07
  Speaker 2: paying electronically or whatever. Now, two people can still be
• 1:05:10
  Speaker 2: in cahoots, but the chances that you'd have two crooks
• 1:05:14
  Speaker 2: is certainly less than the chance that there would be
• 1:05:15
  Speaker 2: simply one of them. And my guess is that this
• 1:05:20
  Speaker 2: business led she's a business manager. She was in charge
• 1:05:22
  Speaker 2: of all the books, and they weren't paying close enough attention,
• 1:05:24
  Speaker 2: and she was taking just enough that they didn't notice.
• 1:05:26
  Speaker 3: And here's the problem with it.
• 1:05:28
  Speaker 2: Eventually they take so much that it is noticed. And
• 1:05:30
  Speaker 2: here it's forty one thousand dollars. There may have been
• 1:05:33
  Speaker 2: something they haven't caught. Forty one thousand, So probably it
• 1:05:35
  Speaker 2: is a relatively small business and it got to the
• 1:05:37
  Speaker 2: point that somebody must have looked, gee, whatever, howma on,
• 1:05:40
  Speaker 2: how did all of this go? So here's Mark Belling's
• 1:05:46
  Speaker 2: smart tip of the day. I understand there's a shortage
• 1:05:50
  Speaker 2: of employees out there, but if you're looking to hire
• 1:05:54
  Speaker 2: somebody to handle your company's books and finances, don't I
• 1:05:57
  Speaker 2: an a pustler. See some things in life, boy, oh boy,
• 1:06:04
  Speaker 2: are they heart and we faced tough. We face tough
• 1:06:06
  Speaker 2: decisions all the time, right, but there are some that.
• 1:06:09
  Speaker 3: Are not tough, some that are not tough. And now
• 1:06:14
  Speaker 3: to this, here's a good one. This is one of
• 1:06:19
  Speaker 3: these people. Did Everybody knows who it is, but they
• 1:06:22
  Speaker 3: don't know his name. Michael Burry. Know who that is?
• 1:06:27
  Speaker 2: You've seen a movie about him? I bet you have,
• 1:06:29
  Speaker 2: because just like it's one of these movies that like
• 1:06:31
  Speaker 2: everybody I know has seen.
• 1:06:35
  Speaker 3: Remember The Big Short? You don't, Oh, you do?
• 1:06:40
  Speaker 2: The Big Short was the movie that was made about
• 1:06:43
  Speaker 2: the guy that shorted the housing market and short of
• 1:06:45
  Speaker 2: the credit markets in six o seven, the period before
• 1:06:49
  Speaker 2: the credit markets melted down because of the housing crash.
• 1:06:51
  Speaker 3: That was Michael Burry and they made the movie The
• 1:06:53
  Speaker 3: Big Short about him.
• 1:06:55
  Speaker 2: Well, we're still out there and he's an investor and
• 1:06:57
  Speaker 2: he now believes that the text. Some of them are
• 1:07:02
  Speaker 2: in the same situation. I indicated on the podcast. I
• 1:07:05
  Speaker 2: think last week again, I'm not like I'm Bury could
• 1:07:08
  Speaker 2: be wrong too, But he's a professional.
• 1:07:10
  Speaker 3: I'm not.
• 1:07:11
  Speaker 2: I'm just a guy sitting here with an opinion. I
• 1:07:13
  Speaker 2: think the tech stocks are overvalued and in a bubble too.
• 1:07:16
  Speaker 2: I think that many of these TEX stocks are extremely
• 1:07:18
  Speaker 2: solid companies. I just think that there's stock prices that
• 1:07:20
  Speaker 2: are in a bubble that they've gotten way ahead of themselves,
• 1:07:22
  Speaker 2: just like housing does.
• 1:07:23
  Speaker 3: And so on.
• 1:07:25
  Speaker 2: Bury has a specific thing that he's focusing on, which
• 1:07:28
  Speaker 2: I think is quite interesting. Depreciation should I explain, But
• 1:07:36
  Speaker 2: I'm asking you a lot of questions and what to
• 1:07:37
  Speaker 2: explain today. Do you think most people know what depreciation is?
• 1:07:41
  Speaker 3: You do? I don't.
• 1:07:47
  Speaker 2: I'll explain it in terms of a business I'm in,
• 1:07:50
  Speaker 2: owning racesources. In this case, depreciation is a good thing
• 1:07:55
  Speaker 2: because you're able on depreciation to take a tax break
• 1:08:00
  Speaker 2: off of it. Depreciation means something is declining in value,
• 1:08:03
  Speaker 2: and in the case of a race horse, they will
• 1:08:05
  Speaker 2: you know, unless they go on a massive success, it's
• 1:08:08
  Speaker 2: stud They all decline in value for obvious reasons. A
• 1:08:11
  Speaker 2: horse that is two or three has more future in
• 1:08:15
  Speaker 2: them than a horse that is seven or eight.
• 1:08:17
  Speaker 3: Seven or eight. Probably they're not going to race anymore.
• 1:08:19
  Speaker 2: Maybe they if they're good enough, they can go off
• 1:08:21
  Speaker 2: and be used for breeding purposes and so on. But
• 1:08:24
  Speaker 2: the older they get, the more they go down in value.
• 1:08:26
  Speaker 2: Let's imagine how you own, like a will, your storage units.
• 1:08:32
  Speaker 2: Now that's not a great example, but because they last forever,
• 1:08:37
  Speaker 2: don't they hold on those buildings ASTs sixty seventy years?
• 1:08:39
  Speaker 3: Right? Yeah, but it's not the best example.
• 1:08:44
  Speaker 2: But that storage unit building is going to be worth
• 1:08:47
  Speaker 2: less than twenty five years than it is now because
• 1:08:49
  Speaker 2: we more beat up. It's going to need more repairs,
• 1:08:51
  Speaker 2: more technical. Now, maybe it goes up because people moved
• 1:08:53
  Speaker 2: into the area and so on. But that's what depreciation is.
• 1:08:56
  Speaker 2: Depreciation is how something declines in value as it weighs.
• 1:09:00
  Speaker 2: With regard to tech products, we all know that they
• 1:09:03
  Speaker 2: become obsolete over a very short period of time. And
• 1:09:06
  Speaker 2: a perfect example of appreciation is an iPhone or your smartphone.
• 1:09:10
  Speaker 2: An iPhone, the newest one is a seventeen. I went
• 1:09:13
  Speaker 2: from a fourteen to a seventeen. Remember before I went
• 1:09:17
  Speaker 2: to the fourteen, I think I went from a nine
• 1:09:18
  Speaker 2: to a fourteen, and then I had to go to
• 1:09:20
  Speaker 2: a fourteen.
• 1:09:20
  Speaker 3: Because I was humiliated.
• 1:09:21
  Speaker 2: I always whenever I hear that Paul's number is higher
• 1:09:24
  Speaker 2: than mine, I know that I need to move forward.
• 1:09:26
  Speaker 2: You're not at a seventeen yet I passed you today.
• 1:09:30
  Speaker 2: Well look at you. I think you told me once
• 1:09:32
  Speaker 2: and I say, oh my god, think you have a sixteen?
• 1:09:34
  Speaker 3: Don't you fifteen? Well that was more.
• 1:09:37
  Speaker 2: I have the fourteen. So when you go to a twenty,
• 1:09:40
  Speaker 2: then I'll get the twenty one. An iPhone eleven is
• 1:09:44
  Speaker 2: worth almost nothing if you're trying to sell an iPhone eleven,
• 1:09:47
  Speaker 2: virtually nothing because it's obsolete, because the other phones that
• 1:09:50
  Speaker 2: are newer do way way, way more. All right, getting
• 1:09:53
  Speaker 2: to the story, here's a bury Is pointing out understating
• 1:09:59
  Speaker 2: depreciation by extending useful life of assets.
• 1:10:03
  Speaker 3: Artificially boost earnings.
• 1:10:04
  Speaker 2: So as they say, depreciation is a good thing if
• 1:10:07
  Speaker 2: you're looking for in stating your taxes, something's declined in value.
• 1:10:11
  Speaker 2: But if you're stating your company's profitability, then you want
• 1:10:15
  Speaker 2: to understate your depreciation. In other words, let's take just
• 1:10:20
  Speaker 2: something that you own that's depreciated, but you say it
• 1:10:26
  Speaker 2: it hasn't depreciated, or it's only depreciated two percent rather
• 1:10:29
  Speaker 2: than twenty percent. It makes your corporate earnings look better,
• 1:10:33
  Speaker 2: doesn't it. That's what Bury is saying. Here's his explanation
• 1:10:41
  Speaker 2: one of the more common frauds of the modern era.
• 1:10:45
  Speaker 2: Bury road massively ramping KPEX through purchase of Nvidia chips
• 1:10:50
  Speaker 2: and servers on a two to three year product cycle
• 1:10:54
  Speaker 2: should not result in the extension of useful lives of
• 1:10:57
  Speaker 2: computer equipment. Yet this is exact exactly what all the
• 1:11:01
  Speaker 2: hyper scalers have done. All right, here's what he's saying.
• 1:11:04
  Speaker 2: Because they keep buying brand new stuff. You know, the
• 1:11:07
  Speaker 2: Nvidia chips get so much better every year. They keep
• 1:11:10
  Speaker 2: buying new chips to replace the others, but they're not
• 1:11:12
  Speaker 2: depreciating the older chips at the rate by which they're
• 1:11:16
  Speaker 2: actually going out of existence. To make it more understandable,
• 1:11:21
  Speaker 2: let's imagine you're going to replace something after two years.
• 1:11:24
  Speaker 2: They're depreciating on the value of just say, sixteen percent
• 1:11:28
  Speaker 2: a year rather than fifty percent a year. Continuing should
• 1:11:39
  Speaker 2: not result in the extension of useful lives of corporate
• 1:11:42
  Speaker 2: computer equipment. Yet this is exactly what all the hyperscalers
• 1:11:45
  Speaker 2: have done. Bury estimated that from twenty twenty six to
• 1:11:48
  Speaker 2: twenty twenty eight, the accounting maneuver would understate depreciation by
• 1:11:53
  Speaker 2: about one hundred and seventy six billion, inflating reported earnings
• 1:11:57
  Speaker 2: across the industry. In other words, if something's depreciated industry
• 1:12:00
  Speaker 2: wide by one hundred and seventy six billion, but you
• 1:12:02
  Speaker 2: don't depreciate it by that, that means you've overstated your
• 1:12:05
  Speaker 2: earnings by one hundred and seventy six billion, because the
• 1:12:07
  Speaker 2: depreciation goes as a loss on your ledger. But if
• 1:12:11
  Speaker 2: that loss simply doesn't show up, it makes your earnings
• 1:12:14
  Speaker 2: look better than they are. This is what he's claiming
• 1:12:16
  Speaker 2: is going on. He singled out Oracle and Meta Platforms
• 1:12:20
  Speaker 2: that's the parent of Facebook, saying their profits could be
• 1:12:23
  Speaker 2: overstated by roughly twenty seven and twenty one percent, respectively
• 1:12:27
  Speaker 2: in twenty twenty eight. Next, this is from a poster
• 1:12:30
  Speaker 2: on X named Shanaka eighty six. Silicon Valley's one hundred
• 1:12:34
  Speaker 2: and seventy billion dollar lie. The accounting, fraud, hiding and
• 1:12:37
  Speaker 2: plain sight meta Microsoft, Google, Amazon, Oracle five Titans quietly
• 1:12:42
  Speaker 2: extended server depreciation from three years to six years between
• 1:12:46
  Speaker 2: twenty twenty two and twenty twenty four. Right, what are
• 1:12:49
  Speaker 2: they say? Computer servers? You want to know where the
• 1:12:51
  Speaker 2: cloud is, it's these servers there. They were depreciating their
• 1:12:55
  Speaker 2: servers over a three year period. In other words, after
• 1:12:57
  Speaker 2: three years, you got to get a new one because
• 1:12:59
  Speaker 2: the new one way better. They extended the depreciation from
• 1:13:02
  Speaker 2: three years to six years. But the point that they're
• 1:13:05
  Speaker 2: arguing is they're actually still buying the new stuff every
• 1:13:07
  Speaker 2: three years, but they're claiming that their depreciation is over
• 1:13:10
  Speaker 2: six continuing, here's this point.
• 1:13:16
  Speaker 3: It's all audited, it's all legal.
• 1:13:19
  Speaker 2: It's disclosed in the footnotes that nobody reads. I seek
• 1:13:23
  Speaker 2: annual reports from a company I've never read. I don't
• 1:13:25
  Speaker 2: know know that I ever even read the report. I
• 1:13:27
  Speaker 2: certainly don't read the footnotes. So they're all disclosed. Again,
• 1:13:29
  Speaker 2: so this is their cover. It's disclosed in the reports
• 1:13:31
  Speaker 2: that a depreciation is over six years.
• 1:13:34
  Speaker 3: Here's what that means in English.
• 1:13:36
  Speaker 2: Four four hundred billion dollar has been annually on Nvidia GPUs.
• 1:13:40
  Speaker 2: That's chip that become obsolete every twelve months depreciated as
• 1:13:45
  Speaker 2: if they'll generate cash for six years. The math is simple,
• 1:13:49
  Speaker 2: the implications are catastrophic. By twenty twenty eight, this accounting
• 1:13:53
  Speaker 2: maneuver will have inflated reported earnings by one hundred and
• 1:13:56
  Speaker 2: seventy billion dollars no rebitue, not revenue, a phantom profit.
• 1:14:01
  Speaker 2: Meta alone books two point nine billion in savings by
• 1:14:06
  Speaker 2: pretending AI servers last five point five years. Oracle earnings
• 1:14:11
  Speaker 2: are overstated twenty six point nine percent by fiscal twenty
• 1:14:14
  Speaker 2: twenty eight. Peace on substack headline the Great AI Earnings Illusion.
• 1:14:22
  Speaker 2: How Silicon Valley engineered one hundred and seventy billion dollars
• 1:14:25
  Speaker 2: in phantom profits and then zero hedge, which is a
• 1:14:28
  Speaker 2: very conservative financial website. Oracle is the first AI dominated
• 1:14:32
  Speaker 2: a drop after Barclay's downgrades its debt to sell. I
• 1:14:35
  Speaker 2: should also mention that SoftBank, which is a huge Japanese
• 1:14:38
  Speaker 2: company that invests in tech companies, has sold sold all
• 1:14:41
  Speaker 2: its in video. Again, I'm not telling anybody what to do.
• 1:14:45
  Speaker 2: Don't follow me. I'm just being honest and with skill disclosure.
• 1:14:49
  Speaker 2: I think the tech stocks are overvalued. I've held in
• 1:14:51
  Speaker 2: VideA and done extreme moved off for the last several years.
• 1:14:53
  Speaker 2: I dumped it all. Maybe I'm wrong. Maybe in video
• 1:14:56
  Speaker 2: is gonna keep going up. But in again, age comes
• 1:15:00
  Speaker 2: into this when you make decisions on your finances. I'm
• 1:15:04
  Speaker 2: somebody for home up fifty percent loss at this stage
• 1:15:07
  Speaker 2: of my life wall, you know, but if you're thirty,
• 1:15:10
  Speaker 2: things come back, et cetera. I just been looking at
• 1:15:16
  Speaker 2: these stocks exploding in value, and the numbers are so
• 1:15:18
  Speaker 2: good and so good and so good, and then you
• 1:15:19
  Speaker 2: see these little tip offset Maybe the profits are overstated, legal.
• 1:15:27
  Speaker 3: But overstated.
• 1:15:28
  Speaker 2: And again, you know, guys like Michael Burry that do
• 1:15:30
  Speaker 2: these shorts, they get movies made about them when they're right,
• 1:15:33
  Speaker 2: but when they're wrong, nobody notices. You know, there have
• 1:15:36
  Speaker 2: been people have been predicting this economic gloom and that
• 1:15:38
  Speaker 2: economic loom forever and ever and ever and ever. Usually
• 1:15:42
  Speaker 2: the same thing with gold. I said this years ago
• 1:15:44
  Speaker 2: when we're doing a radio show before the podcast. When
• 1:15:46
  Speaker 2: you hear zillions of gold commercials on the radio, that
• 1:15:49
  Speaker 2: means gold is peaked. When you hear nothing, because gold
• 1:15:52
  Speaker 2: has been on the toilet for ten years, that's the
• 1:15:53
  Speaker 2: time to buy. You're following all of this materiality. Yeah,
• 1:16:01
  Speaker 2: I mean I posted it's just like all stocks are
• 1:16:04
  Speaker 2: chasing it. I don't entirely agree with that, because I
• 1:16:07
  Speaker 2: think in general, stocks that.
• 1:16:09
  Speaker 3: Are going up in price.
• 1:16:11
  Speaker 2: Probably are going to keep going up in price, that
• 1:16:13
  Speaker 2: they're going up in price for a reason.
• 1:16:16
  Speaker 3: But the same thing with housing. Okay, housing's starting to
• 1:16:19
  Speaker 3: go up, how early are you in that going up period?
• 1:16:24
  Speaker 2: For instance, it's something starting to go down, I don't
• 1:16:26
  Speaker 2: think that necessarily means it's a buy. Maybe it's going
• 1:16:29
  Speaker 2: down because it's headed right to the toilet. But we're
• 1:16:35
  Speaker 2: talking here with the tech stocks. Is I just think
• 1:16:38
  Speaker 2: a hypervaluation of them for legit and I think they're
• 1:16:41
  Speaker 2: all solid companies. AI is real, all this stuff is real.
• 1:16:44
  Speaker 2: I just think that they've gotten over priced. But again,
• 1:16:47
  Speaker 2: I want to keep stressing this. I don't want people
• 1:16:49
  Speaker 2: run around. You said, and I sold, don't do anything
• 1:16:52
  Speaker 2: based on what I've said. I'm just giving you my
• 1:16:53
  Speaker 2: opinion on this. I might be right, I might be wrong.
• 1:16:58
  Speaker 2: Billy Joel's saying that you might be right, you might
• 1:17:01
  Speaker 2: What was that that's from Big Shot, wasn't it? You
• 1:17:04
  Speaker 2: may be right, you may be wrong, Yeah, Big shot.
• 1:17:07
  Speaker 2: It was in Big Shot, wasn't it. I don't know anymore. Well,
• 1:17:14
  Speaker 2: we can't play it because we can't play music on podcasts,
• 1:17:17
  Speaker 2: So I'll just have everybody out there screaming what the
• 1:17:19
  Speaker 2: correct answer is, and they'll be listening to this thing
• 1:17:22
  Speaker 2: like a ten twenty five at night of trying to
• 1:17:24
  Speaker 2: call like it was you maybe right? So it's not
• 1:17:31
  Speaker 2: in big Shot, it's and it's just you may be
• 1:17:32
  Speaker 2: right as its own song. Yeah, And I was thinking
• 1:17:35
  Speaker 2: that was in Big Shot. You know why these things are?
• 1:17:39
  Speaker 2: I bet you could figure out why these lyrics are
• 1:17:41
  Speaker 2: bouncing around.
• 1:17:41
  Speaker 3: In my head. But why right now? Here's why? What
• 1:17:47
  Speaker 3: did I do over the weekend?
• 1:17:50
  Speaker 2: I was on a flight I always listened to I
• 1:17:53
  Speaker 2: always have my headphones on during the flight, and I'm
• 1:17:55
  Speaker 2: listening to the music that's preloaded into my phone. And
• 1:17:58
  Speaker 2: because there's no Wi Fi in the flight, I could
• 1:18:00
  Speaker 2: only listen to the music that was my phone, and
• 1:18:01
  Speaker 2: I was I listened to like Billy Joel's greatest hits,
• 1:18:04
  Speaker 2: so they all blended in together. And by the way,
• 1:18:06
  Speaker 2: when you take like the greatest hits from a Baby
• 1:18:08
  Speaker 2: Boomber band, that's two hours because it's always like a
• 1:18:11
  Speaker 2: double album because they have thirty five or forty of them.
• 1:18:13
  Speaker 2: It's not like the greatest hits of you know, Adele,
• 1:18:16
  Speaker 2: how many albums has she had, like three albums. It's
• 1:18:20
  Speaker 2: hard for her, hard to crank out a greatest hits
• 1:18:22
  Speaker 2: when it's.
• 1:18:22
  Speaker 3: The whole uh whole uh uh.
• 1:18:26
  Speaker 2: It's time to take a break in here, isn't it.
• 1:18:30
  Speaker 2: I actually have a serious story, but we're going to
• 1:18:33
  Speaker 2: end on an amusing note. So a serious story first.
• 1:18:35
  Speaker 2: In the next segment end we'll end on an up note.
• 1:18:38
  Speaker 2: This is the Mark Belling podcast. This is the Mark
• 1:18:43
  Speaker 2: Belling podcast. I'm being heckled by my own producer in
• 1:18:45
  Speaker 2: here right now. Said that story, juniors, I said, I
• 1:18:48
  Speaker 2: even said they're a bad example of appreciation. I was
• 1:18:50
  Speaker 2: struggling to come up. The perfect example is the one
• 1:18:52
  Speaker 2: I started with the horse. Horses can appreciate If the
• 1:18:55
  Speaker 2: horse goes to stud and his and his progeny offspring
• 1:18:58
  Speaker 2: babies turned out to be really go the studfee can
• 1:19:01
  Speaker 2: go up, but every year that goes by, they're closer
• 1:19:03
  Speaker 2: to death, meaning there's less money that you can make
• 1:19:05
  Speaker 2: off of them. So an example of something depreciating, you
• 1:19:08
  Speaker 2: would argue, would be me. I am still making a
• 1:19:11
  Speaker 2: fortune for the company here, but at some point I'll
• 1:19:15
  Speaker 2: either lose all my marbles or croak, at which point
• 1:19:18
  Speaker 2: I become useless, right, Paul said, cars, Yeah, you are right.
• 1:19:24
  Speaker 2: Remember Tom booten Off, you just did a financial show
• 1:19:28
  Speaker 2: on at the very beginning of when I came here
• 1:19:30
  Speaker 2: eighty I don't remember when Tom ended, but like eighty
• 1:19:33
  Speaker 2: nine to ninety two, one two and so on.
• 1:19:37
  Speaker 3: Cards are an appreciating asset. I remember embarking thatity.
• 1:19:41
  Speaker 2: Well I know that, Tom, but you're enjoying it. An
• 1:19:45
  Speaker 2: example of often an appreciating asset is a house. You
• 1:19:48
  Speaker 2: enjoy it, and if you're lucky, it goes up in value,
• 1:19:50
  Speaker 2: so you get to own. This is why I argue
• 1:19:51
  Speaker 2: it's running. You own the house and your value is
• 1:19:54
  Speaker 2: going up and you're getting something that you like. But
• 1:19:55
  Speaker 2: I mean, the reason that you buy a car and
• 1:19:57
  Speaker 2: it depreciates is you're getting.
• 1:19:58
  Speaker 3: The enjoyment off of it.
• 1:19:59
  Speaker 2: An example of something that has one hundred percent instant
• 1:20:01
  Speaker 2: for depreciation to be a vacation.
• 1:20:03
  Speaker 3: You're going your back home. At least the car lasts
• 1:20:07
  Speaker 3: a while, but.
• 1:20:08
  Speaker 2: You know, even theification that you want to you got
• 1:20:11
  Speaker 2: that value when you have it, and then if you
• 1:20:13
  Speaker 2: have a properly wired life, the memories of it you share.
• 1:20:17
  Speaker 2: That continues in the quality of your life after you've
• 1:20:20
  Speaker 2: done it. So get get off my back on your store.
• 1:20:23
  Speaker 2: Judit's sit there, all right. Good news, bad news, good news.
• 1:20:29
  Speaker 2: This is the first story is actually good news, and
• 1:20:31
  Speaker 2: it requires brief analysis.
• 1:20:33
  Speaker 3: Syria.
• 1:20:34
  Speaker 2: Recall that the Asad government was overthrown. Some people thought
• 1:20:40
  Speaker 2: that was good, some people thought that was bad. I
• 1:20:42
  Speaker 2: thought it was good, as you recall, But it was
• 1:20:45
  Speaker 2: overthrown by you know, it's one group of radical Muslims
• 1:20:48
  Speaker 2: overthrowing another group of radical Muslims. Trump, and he doesn't
• 1:20:53
  Speaker 2: get enough credit for this. He's very good at managing radicals.
• 1:21:00
  Speaker 2: The thing about these radical Muslim groups is one radical
• 1:21:04
  Speaker 2: Muslim group hates the other radical Muslim group because they
• 1:21:07
  Speaker 2: all want power. Syria is now joining in the fight
• 1:21:10
  Speaker 2: against Islamic state sometimes called ices. This is a major
• 1:21:16
  Speaker 2: positive development. Syria and its new government kind of came
• 1:21:22
  Speaker 2: out of the terror movement because Asad was repressing them.
• 1:21:25
  Speaker 2: But now that they were a government themselves, they seem
• 1:21:29
  Speaker 2: to be working against terror.
• 1:21:32
  Speaker 3: It doesn't look like they.
• 1:21:33
  Speaker 2: Intend to fund Hesbola much anymore either. The more we
• 1:21:40
  Speaker 2: can take the Middle East and turn it into a
• 1:21:44
  Speaker 2: region in which people are interested in making money, thriving
• 1:21:49
  Speaker 2: and improving the quality of life of their people, and
• 1:21:52
  Speaker 2: less a region where they simply want to kill one another,
• 1:21:55
  Speaker 2: especially Jews, the better. So I think this is a
• 1:21:59
  Speaker 2: positive development, not a horrible one. This story has been
• 1:22:03
  Speaker 2: going on for years. It's just gotten extremely bad the
• 1:22:06
  Speaker 2: last four months. I've mentioned it several times. It's a
• 1:22:11
  Speaker 2: story that hardly ever makes news because it's an inconvenient.
• 1:22:14
  Speaker 3: Truth for the left.
• 1:22:16
  Speaker 2: Genocide isn't the right term because I don't think a
• 1:22:19
  Speaker 2: genocide is the wiping out of a religion. A genocide
• 1:22:22
  Speaker 2: tends to be the wiping out of a race or
• 1:22:24
  Speaker 2: an ethnic group.
• 1:22:26
  Speaker 3: There is.
• 1:22:26
  Speaker 2: However, whatever you don't there probably is a term for it.
• 1:22:29
  Speaker 2: I just don't know what it is for the wiping
• 1:22:31
  Speaker 2: out of a religion, kind of in the same way
• 1:22:36
  Speaker 2: that I think some people want to wipe out the
• 1:22:38
  Speaker 2: Jews in Israel. That's complicated because Israel is a country.
• 1:22:41
  Speaker 2: In addition to Judaism being a religion, one of the greatest,
• 1:22:46
  Speaker 2: in fact, the biggest area of growth of Christianity in
• 1:22:49
  Speaker 2: the world is Africa. Forty years ago, the population of Africa,
• 1:22:56
  Speaker 2: all of Africa, from the top of it to South
• 1:22:59
  Speaker 2: I think exclude South Africa, the white minority in South Africa.
• 1:23:02
  Speaker 2: The rest of it, there was virtually no Christianity in
• 1:23:04
  Speaker 2: the entire continent. There has been tremendous growth of both
• 1:23:09
  Speaker 2: Roman Catholicism and number of Protestant groups in Africa, based
• 1:23:14
  Speaker 2: primarily on missionary work. In fact, if you look at
• 1:23:20
  Speaker 2: the number of Roman Catholic priests in the United States,
• 1:23:23
  Speaker 2: an increasing number of them are of African descent, and
• 1:23:27
  Speaker 2: the reason for that is they're not needed in Africa
• 1:23:29
  Speaker 2: because so many young men in Africa are becoming priests
• 1:23:32
  Speaker 2: because there's a fervor for the religion. Secondly, the economic
• 1:23:37
  Speaker 2: reasons and so on are greater in impoverished areas, but
• 1:23:41
  Speaker 2: many Ugandans, Nigerians and others come to the United States.
• 1:23:46
  Speaker 2: There's also been tremendous success of a number of Protestant
• 1:23:50
  Speaker 2: missionary groups, particularly in the most impoverished part of Africa,
• 1:23:54
  Speaker 2: Central Africa. This is a tremendous threat to Muslims. The
• 1:24:00
  Speaker 2: whole problem, and it is the whole problem with Islam
• 1:24:02
  Speaker 2: is they believe that heretics must die, and a heretic
• 1:24:06
  Speaker 2: is someone who doesn't believe. There is now a mass
• 1:24:11
  Speaker 2: slaughter of Christians in Nigeria. It is accelerating and intensifying.
• 1:24:17
  Speaker 2: Trump is threatening to winter bene. Many people in the
• 1:24:21
  Speaker 2: Maga movement do not understand the difference between Trump's intervention
• 1:24:28
  Speaker 2: and the old Neo Khan intervention. The old Neokan intervention
• 1:24:32
  Speaker 2: was sending troops and fight a war and never leave
• 1:24:35
  Speaker 2: i e. Afghanistan. Trump's intervention is to scare the crap
• 1:24:42
  Speaker 2: out of you, to put an end to it and
• 1:24:45
  Speaker 2: make the world better and solve the problem so that
• 1:24:47
  Speaker 2: we're not farting around with it for the next fifty years.
• 1:24:51
  Speaker 2: Here there is a moral imperative. Were this the opposite,
• 1:24:57
  Speaker 2: if you had some predominantly Christian nation, let's say France,
• 1:25:02
  Speaker 2: where the Muslim popular minority population is exploding. If all
• 1:25:05
  Speaker 2: of a sudden in France, right and left, thousands of
• 1:25:08
  Speaker 2: Muslims are being killed by French, you never hear the
• 1:25:11
  Speaker 2: end of it. Because this is and by the way,
• 1:25:13
  Speaker 2: in this predicorous everybody here is black. They're all by
• 1:25:17
  Speaker 2: definition African, They're all black. This is black Muslims killing
• 1:25:23
  Speaker 2: Black Christians and mass merely for the sin of being Christian,
• 1:25:28
  Speaker 2: because they're terrified at the growth of Christianity in these
• 1:25:32
  Speaker 2: nations that were in the past either partly pagan and
• 1:25:37
  Speaker 2: remaining Muslim, or even one hundred percent Muslim.
• 1:25:40
  Speaker 3: And finally, this I posted this on accident.
• 1:25:42
  Speaker 2: I'm just going to repeat the way I posted in
• 1:25:43
  Speaker 2: an Next, we have a scoreboard here for manager of
• 1:25:46
  Speaker 2: the Year.
• 1:25:46
  Speaker 3: Here's the score.
• 1:25:48
  Speaker 2: Craig Council zero, Pat Murphy two. Pat Murphy or the
• 1:25:52
  Speaker 2: Brers did win Manager of the Year at the National League.
• 1:25:55
  Speaker 2: The book was released last night, the second year at
• 1:25:57
  Speaker 2: a row, meaning every year he's been the manager of
• 1:25:59
  Speaker 2: the Brewers the manager of the year. The funny thing
• 1:26:01
  Speaker 2: of it, and it's just to me, it is just hilarious.
• 1:26:03
  Speaker 2: When Craig Council was here here was regarded by the
• 1:26:05
  Speaker 2: entire world as the best manager in baseball, which is
• 1:26:08
  Speaker 2: why he got the second largest contract in the history
• 1:26:11
  Speaker 2: of baseball managers when he was hired to manage the
• 1:26:13
  Speaker 2: Chicago Cubs. They wanted him because everyone just assumed that
• 1:26:18
  Speaker 2: Craig Council just was ahead of the curve in baseball,
• 1:26:20
  Speaker 2: managing the thing that we just don't know, and I
• 1:26:25
  Speaker 2: at some point there's going to be disclosure. I think
• 1:26:27
  Speaker 2: it's possible.
• 1:26:28
  Speaker 3: The reason.
• 1:26:29
  Speaker 2: Do you know who his bench coach was from the
• 1:26:31
  Speaker 2: beginning day at the Brewers Council, Pat Murphy. How much
• 1:26:35
  Speaker 2: of this was Pat Murphy? They were very close. Pat
• 1:26:38
  Speaker 2: Murphy coached Craig Counsel and college at Notre Dame. They've
• 1:26:41
  Speaker 2: been lifelong friends and associates. How much of it was
• 1:26:43
  Speaker 2: Murphy's advice and how much was council? Probably a combination
• 1:26:46
  Speaker 2: of the two. But obviously there's not been a drop
• 1:26:49
  Speaker 2: off in the management. And when I say management, I
• 1:26:51
  Speaker 2: don't mean just on field performance, decision making, development of talent,
• 1:26:55
  Speaker 2: use of players, positioning, all that stuff. Murphy's just a
• 1:26:58
  Speaker 2: guy that has gotten more out of a more limited
• 1:27:01
  Speaker 2: talent group than any manager baseball, which is why he's
• 1:27:04
  Speaker 2: won or two years in a row. Now there is
• 1:27:05
  Speaker 2: a caveat to this. Coach of the Year, manager of
• 1:27:07
  Speaker 2: the Year, all of these awards. It's never given to
• 1:27:09
  Speaker 2: the team that I wouldn't say never, virtually never the
• 1:27:12
  Speaker 2: team with the best record. It's always the team that
• 1:27:14
  Speaker 2: exceeds expectations. So if a team, say UTSU's football goes
• 1:27:18
  Speaker 2: two to fifteen, and the following year they go, let's
• 1:27:23
  Speaker 2: see ten and seven. That guy's going to be coach
• 1:27:25
  Speaker 2: of the year because they improved expectations. Probably the best
• 1:27:29
  Speaker 2: coach was the team that won the Super Bowl, but
• 1:27:31
  Speaker 2: they rarely do win it. In the case of the Breweries,
• 1:27:34
  Speaker 2: though they both they've come off of two of their
• 1:27:36
  Speaker 2: best seasons ever.
• 1:27:38
  Speaker 3: You know, some of the people that will retort to this, well,
• 1:27:40
  Speaker 3: you didn't win a champion That truly didn't win a championship.
• 1:27:42
  Speaker 3: There's two measures of success in sports. How good of
• 1:27:44
  Speaker 3: a season did you have.
• 1:27:45
  Speaker 2: And did you win a championship? Only one team can
• 1:27:47
  Speaker 2: win a championship. But if he didn't want a championship,
• 1:27:49
  Speaker 2: you want to have a very very good season. And
• 1:27:51
  Speaker 2: anyone who wanted to take, for example, the Chicago White Sox,
• 1:27:54
  Speaker 2: their fans are miserable.
• 1:27:55
  Speaker 3: They've been terrible for years.
• 1:27:56
  Speaker 2: Nobody goes to the games teams that have been consistently
• 1:27:59
  Speaker 2: good but don't want a cheap But if the fans
• 1:28:00
  Speaker 2: go to the games and see all of this and
• 1:28:02
  Speaker 2: you're in it. But obviously for people are going to say, well,
• 1:28:05
  Speaker 2: what good is it? You didn't win a championship. Look
• 1:28:07
  Speaker 2: at all of these coaches that are getting fired all
• 1:28:09
  Speaker 2: across college football.
• 1:28:10
  Speaker 3: There's only going.
• 1:28:11
  Speaker 2: To be one champion, and we've got to fire every
• 1:28:13
  Speaker 2: coach except the team that won the national championship. I
• 1:28:15
  Speaker 2: wouldn't think so. I think though Pat Murphy has done
• 1:28:18
  Speaker 2: an outstanding job in the honor is well deserved. The
• 1:28:25
  Speaker 2: other thing curious about this is there have been almost
• 1:28:28
  Speaker 2: no repeat winners of Manager of the Year in baseball history,
• 1:28:31
  Speaker 2: and the reason for that is it's usually a team
• 1:28:33
  Speaker 2: that improves. So if the manager wins it one year,
• 1:28:35
  Speaker 2: it's because they improved that year before. So how you
• 1:28:38
  Speaker 2: win it again because you had a good year last year. However,
• 1:28:41
  Speaker 2: everyone thought the Brewers would fall off this year because
• 1:28:45
  Speaker 2: you know, they let go of Devin Williams, made a
• 1:28:49
  Speaker 2: couple of other moves, and there was thought to be
• 1:28:51
  Speaker 2: a step back, et cetera, et cetera, And the Breweries
• 1:28:53
  Speaker 2: didn't step back, so he won or two years ago.
• 1:28:55
  Speaker 2: The thing that's interesting, though, it's quite the coincidence the
• 1:28:58
  Speaker 2: American League Manager of the Year also wanted for the
• 1:29:01
  Speaker 2: second year in a row. The same two managers that
• 1:29:04
  Speaker 2: won last year won this year. Stephen Vote, who actually
• 1:29:08
  Speaker 2: was a Brewer at the tail end of his career.
• 1:29:09
  Speaker 2: He was backup catcher. Then he got hurt and he
• 1:29:12
  Speaker 2: spent the entire year on the injured list, and his
• 1:29:14
  Speaker 2: teammates just loved him. But he was one of the
• 1:29:15
  Speaker 2: you know, often catchers become good managers because they're thinking
• 1:29:18
  Speaker 2: about all of that stuff. And it's both central divisions.
• 1:29:22
  Speaker 2: The manager of the Cleveland Guardian, Stephen Vote one Manager
• 1:29:25
  Speaker 2: of the Year two years in a row, and Pat
• 1:29:26
  Speaker 2: Murphy won a two years in a row. And I
• 1:29:28
  Speaker 2: think that that's the second and third time it's been done,
• 1:29:32
  Speaker 2: this time both in the same year. I might be
• 1:29:33
  Speaker 2: wrong in those numbers, but congratulations to Pat Murphy, who
• 1:29:37
  Speaker 2: I think pretty much everybody Milwaukee loves, right. Yeah, I
• 1:29:41
  Speaker 2: mean he just yeah, I just the he's got one
• 1:29:44
  Speaker 2: of those like gooffall Milwaukee type personalities, you know.
• 1:29:48
  Speaker 3: The pancake the pete of pancake or whatever the hell
• 1:29:51
  Speaker 3: the thing is that he eats and so one and
• 1:29:54
  Speaker 3: you know, and that people liked it. He has his
• 1:29:56
  Speaker 3: kids sitting there.
• 1:29:57
  Speaker 2: But I found something out. I did not know this.
• 1:30:01
  Speaker 2: Do you know that there's a huge number of people
• 1:30:02
  Speaker 2: who think those are his grandkids. I just never knew
• 1:30:07
  Speaker 2: that because, for one thing, he often says, these are
• 1:30:10
  Speaker 2: my kids. But no, he had a second marriage, and
• 1:30:14
  Speaker 2: you know he's got pats I think sixty for he's
• 1:30:16
  Speaker 2: got kids that are a little bit younger than that.
• 1:30:18
  Speaker 2: But I mean he has them sitting there, but they're
• 1:30:20
  Speaker 2: not like Braddy's stupid kids. So they just sit there
• 1:30:22
  Speaker 2: in the kind of yawn and otherwise behave themselves. It's
• 1:30:25
  Speaker 2: like if you were if your father was a manager
• 1:30:27
  Speaker 2: of a baseball team and they tried you out of ten,
• 1:30:29
  Speaker 2: you would have been an idiot, right. I would have
• 1:30:33
  Speaker 2: been perfectly well behaved, just as I am when.
• 1:30:36
  Speaker 3: I do the podcast. That's it in here. I don't
• 1:30:46
  Speaker 3: know what's happened to me. I just football right now,
• 1:30:48
  Speaker 3: to me is not understandable. The NFL has gotten to
• 1:30:52
  Speaker 3: be not understandable to me.
• 1:30:54
  Speaker 2: Every one of the late games on Sunday, the winning
• 1:30:57
  Speaker 2: team had more than forty points.
• 1:30:59
  Speaker 3: Monday night, the Packers and the Eagles have go to
• 1:31:00
  Speaker 3: offenses playing neither team can score it all.
• 1:31:02
  Speaker 2: I just beyond we are going to try to figure
• 1:31:05
  Speaker 2: things out with our football segment on the next podcast.
• 1:31:10
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