Latest / Earn Your Leisure / EYL #82 Fight The Power

Transcript

EYL #82 Fight The Power · Earn Your Leisure

• 0:00
  Speaker 1: You just realized your business needed to hire someone yesterday.
• 0:04
  Speaker 1: How can you find amazing candidates fast? Easy? Just use Indeed.
• 0:09
  Speaker 1: Stop struggling to get your job posts seen on other
• 0:12
  Speaker 1: job sites. With Indeed sponsored jobs, your post jumps to
• 0:16
  Speaker 1: the top of the page for your relevant candidates, so
• 0:19
  Speaker 1: you can reach the people you want faster. According to
• 0:22
  Speaker 1: Indeed data, sponsored jobs posted directly on Indeed have forty
• 0:26
  Speaker 1: five percent more applications than non sponsored jobs. Don't wait
• 0:30
  Speaker 1: any longer, speed up your hiring right now with Indeed,
• 0:33
  Speaker 1: and listeners of this show will get a seventy five
• 0:36
  Speaker 1: dollars sponsored job credit to get your jobs more visibility
• 0:39
  Speaker 1: at indeed dot com slash pod Katz thirteen. Just go
• 0:45
  Speaker 1: to Indeed dot com slash pod Katz thirteen right now
• 0:50
  Speaker 1: and support our show by saying you heard about Indeed
• 0:53
  Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is
• 0:57
  Speaker 1: all you need.
• 0:59
  Speaker 2: All right, God guy, welcome back, Eyl. This is a
• 1:02
  Speaker 2: state of emergency. Addition, you know, we're talking going back
• 1:07
  Speaker 2: and forth for the last couple of days, and we
• 1:09
  Speaker 2: got a lot a lot of dope fire episodes and
• 1:11
  Speaker 2: the fault that teach people a variety of different tactics,
• 1:15
  Speaker 2: how to get their bread right, how to how to
• 1:17
  Speaker 2: you know, become entrepreneurs and navigate the field. That's what
• 1:20
  Speaker 2: EYL is here for. But we're also a business podcast
• 1:23
  Speaker 2: on a broader scale. We've touched on almost every single topic. So,
• 1:27
  Speaker 2: you know, having a conversation with Troy a couple of
• 1:30
  Speaker 2: days ago, in the midst of everything that's going on
• 1:32
  Speaker 2: in this world in our country, I'm like, you know,
• 1:35
  Speaker 2: I don't think we should actually, you know, put these
• 1:37
  Speaker 2: episodes out. Maybe we should just do like a state
• 1:39
  Speaker 2: of emergency last minute, you know what I'm saying, addressing topics.
• 1:42
  Speaker 3: We would have been remiss if we didn't address what's
• 1:45
  Speaker 3: going on in our community and what's going on in
• 1:47
  Speaker 3: the world. Really, so when you call me, we had
• 1:50
  Speaker 3: the same thought. You just like, Yo, it wouldn't sit
• 1:52
  Speaker 3: right with me if we didn't address it, if we
• 1:54
  Speaker 3: didn't take some time to really dive deep into this
• 1:58
  Speaker 3: so that we can make everybody away, which is what
• 2:00
  Speaker 3: we're known for. So we was on the same page
• 2:03
  Speaker 3: and hopefully, you know, we're gonna shed the light on
• 2:05
  Speaker 3: some things today.
• 2:05
  Speaker 2: Yeah, so we're gonna We're gonna tell you we was
• 2:07
  Speaker 2: kind of going back and forth because we're still a
• 2:09
  Speaker 2: business podcast and that's all. And I feel like everybody
• 2:11
  Speaker 2: has their their their lane and their way to contribute
• 2:14
  Speaker 2: to society, and you know, our platform is to provide
• 2:19
  Speaker 2: business information, which is extremely valuable, but like, how do
• 2:23
  Speaker 2: we tie it in with the social justice So I
• 2:25
  Speaker 2: think we did a great job of actually tying it
• 2:28
  Speaker 2: two in and talking about it from business standpoint.
• 2:32
  Speaker 3: He was adamant about it. I said, YEA, let's just
• 2:34
  Speaker 3: go no holds ball, let's go no hose ball, let's
• 2:36
  Speaker 3: just speak our mind. Let's let's just tell the people
• 2:38
  Speaker 3: how we feel. And he was like, no, we can
• 2:40
  Speaker 3: keep it business. I'm like, all right, man, fine.
• 2:43
  Speaker 2: Yeah, I wanted. I think it's important because there's always
• 2:45
  Speaker 2: a money played behind it, and it's like not just
• 2:47
  Speaker 2: to inform people, but to actually let people know how
• 2:50
  Speaker 2: they can make a change and how they can actually
• 2:53
  Speaker 2: invest in and make some money and do it in
• 2:55
  Speaker 2: the right way and different things of that nature.
• 2:57
  Speaker 3: So I'm glad we did because it was, like like
• 2:59
  Speaker 3: I said all the time, like we learned through the process.
• 3:01
  Speaker 3: So there's things that I uncovered that I had no
• 3:03
  Speaker 3: idea about. So now we're gonna do what we do
• 3:06
  Speaker 3: best and put it in the language to help everybody
• 3:08
  Speaker 3: else understand it.
• 3:09
  Speaker 2: Yeah, for sure. So this this is gonna be a
• 3:11
  Speaker 2: special special episode. We're gonna go over a variety of
• 3:13
  Speaker 2: different topics and like I said, it's going to inform you.
• 3:16
  Speaker 2: It's also going to educate you, and hopefully people can
• 3:21
  Speaker 2: use this to bring about real change, not just to
• 3:23
  Speaker 2: listen to it and just be educated, but to actually
• 3:26
  Speaker 2: enforce new policy, enforce change, and this hopefully can lead
• 3:29
  Speaker 2: to some solutions. So before we start, I just wanted
• 3:32
  Speaker 2: to take a moment in silence for Big George Floyd,
• 3:36
  Speaker 2: Eric Gardner. I'm gonna do Diallo, Freddie Gray, Sean Bell,
• 3:39
  Speaker 2: Orlando Castillo, Treyvon Martin, Sandram Blanz. Too many, it's too many, unfortunately, Yeah,
• 3:45
  Speaker 2: it's too many people for us to name. That's just
• 3:48
  Speaker 2: a few of black people that have been killed by
• 3:53
  Speaker 2: the police and uh, the last you know, decade or so.
• 3:59
  Speaker 2: So yeah, I just want to take a moment in
• 4:00
  Speaker 2: silence for that, all right. So, so yeah, we're gonna
• 4:05
  Speaker 2: we're gonna get right into it. You know, obviously, the
• 4:10
  Speaker 2: times that we're in right now, As I said, rest
• 4:13
  Speaker 2: in peace to George Floyd. If you saw that, there's
• 4:15
  Speaker 2: no justification for what happened with that. You know, it's
• 4:18
  Speaker 2: one of these one of the few cases where I've
• 4:20
  Speaker 2: seen where there's not even one person trying to justify
• 4:22
  Speaker 2: every There's always like, well, what did he do? He
• 4:24
  Speaker 2: was resisting, there's always more just I haven't heard one
• 4:26
  Speaker 2: person that's actually said like, this is justified. I haven't
• 4:30
  Speaker 2: heard anybody trying to justify it. It's just like trying
• 4:32
  Speaker 2: to justify other things. But I haven't heard anybody trying
• 4:34
  Speaker 2: to justify this. So it's like it brings up a
• 4:37
  Speaker 2: larger issue of police brutality. And police brutality is not
• 4:41
  Speaker 2: something that doesn't exist, Like I don't care, Yeah, it's
• 4:45
  Speaker 2: not We're not gonna act like it doesn't happen. It
• 4:47
  Speaker 2: doesn't exist, and I don't want to hear about. You know,
• 4:50
  Speaker 2: there are good cops. That's not the point. Of course,
• 4:53
  Speaker 2: there's some good cops. Of course, there's some good teachers.
• 4:55
  Speaker 2: Of course there's something like. That's not the point. The
• 4:57
  Speaker 2: point is that there's a systematic problem of not only racism,
• 5:01
  Speaker 2: but police brutality. And the reason why police brutality is
• 5:04
  Speaker 2: an issue is because These are people that take an
• 5:08
  Speaker 2: oath to serve and protect the community. So if you
• 5:12
  Speaker 2: take an oath to serve and protect the community, it's
• 5:15
  Speaker 2: not the same as a gang member killing another gang member. Like,
• 5:18
  Speaker 2: these people don't take oaths, they're not paid, they don't
• 5:21
  Speaker 2: have pensions, so it's not the same. So I don't
• 5:24
  Speaker 2: want to hear that we're talking about police brutality. There's
• 5:28
  Speaker 2: times and places and talking about all other stuff, but
• 5:30
  Speaker 2: right now we're talking about police brutality.
• 5:33
  Speaker 3: I spoke on a couple of conversations man and shout
• 5:36
  Speaker 3: out to KRS when he had to line, like, what's
• 5:39
  Speaker 3: the difference between the overseer and the officer? Right, So
• 5:42
  Speaker 3: if we go back to the history of it, like
• 5:43
  Speaker 3: we've seen that the overseer was to watch over the
• 5:46
  Speaker 3: land and if everyone act out of accordance, they were
• 5:48
  Speaker 3: handled at that time. And if we look at it right,
• 5:52
  Speaker 3: you said serve and protect. But the officer, especially in
• 5:55
  Speaker 3: our communities, has become the overseer. So it's kind of crazy.
• 5:59
  Speaker 2: Yeah, So all right, earn Aalsia. We talk about the
• 6:02
  Speaker 2: money plays and this is no different than anything else.
• 6:05
  Speaker 2: I actually learned a lot of stuff doing research on this.
• 6:08
  Speaker 2: That's what I realized too, that we we have become
• 6:10
  Speaker 2: journalists and we take our journalistic responsibility very serious. I
• 6:15
  Speaker 2: was up till four o'clock in the morning yesterday researching
• 6:19
  Speaker 2: and I got excited because I didn't even I'm like, yo,
• 6:22
  Speaker 2: I got excited and learning the information, like I hope
• 6:24
  Speaker 2: I can relate this in a manager. Yeah, so you know,
• 6:28
  Speaker 2: I'm interested to actually, you know, have this conversation. So
• 6:32
  Speaker 2: there's an economic play. There's an economic play behind police brutality.
• 6:36
  Speaker 2: There's a huge, huge economic play. So every year, cities
• 6:41
  Speaker 2: across the United States of America, small and large, they
• 6:44
  Speaker 2: spend millions of dollars in police brutality claims because it's like,
• 6:47
  Speaker 2: this isn't calm, this isn't new, right, Like it happens
• 6:49
  Speaker 2: all the time, right, even if it's not to this
• 6:52
  Speaker 2: extent where somebody gets killed, somebody might get a black eye,
• 6:55
  Speaker 2: somebody might break somebody's ribs. Like, yeah, it's a lot
• 7:00
  Speaker 2: of police but that's an issue too, but specifically police brutality.
• 7:04
  Speaker 2: So police brutality cases, there's millions of police brutality cases
• 7:08
  Speaker 2: all over the country every single year. Most of the
• 7:11
  Speaker 2: time it's settled with some compensation being paid, and that
• 7:17
  Speaker 2: can go from one thousand dollars to one hundred million
• 7:20
  Speaker 2: dollars like anywhere in between. Right, it depends. So now
• 7:24
  Speaker 2: what people don't fully understand, I think is that there's billions,
• 7:29
  Speaker 2: billions of dollars that are paid to victims of police
• 7:34
  Speaker 2: brutality every single.
• 7:35
  Speaker 3: Year, all the time. Yeah, there was a settlement for
• 7:37
  Speaker 3: forty million, this person got twenty five million. Nobody thinks
• 7:40
  Speaker 3: about they just hit the number. Nobody thinks about anything else.
• 7:43
  Speaker 3: Where's this coming from? Yeah?
• 7:44
  Speaker 2: And to create So Chicago in twenty eighteen, one hundred
• 7:47
  Speaker 2: and thirteen million dollars was paid to police brutality settlements
• 7:53
  Speaker 2: and judgments. One hundred and thirteen million in just the
• 7:57
  Speaker 2: city of Chicago in twenty eighteen one year. That's that's amazing.
• 8:01
  Speaker 2: So it's like, where does this money come from? So
• 8:04
  Speaker 2: this is this is now you start to peel back
• 8:06
  Speaker 2: the layers. Because if it's like it's like a movie,
• 8:08
  Speaker 2: it's like a movie, like you see the Instagram clips
• 8:12
  Speaker 2: and it's like, okay, so now I feel like I'm
• 8:14
  Speaker 2: actually a detective. Right, It's like, now you got pill
• 8:17
  Speaker 2: back the layers.
• 8:18
  Speaker 3: It's weird. Because at times like when you hear these sellments.
• 8:21
  Speaker 3: I remember when I'm gonna do the album Dudillo got
• 8:25
  Speaker 3: to sell them and it was like yah, it was
• 8:26
  Speaker 3: forty million dollars or something of that sort, and it
• 8:28
  Speaker 3: was like that felt like a victory. It felt like,
• 8:30
  Speaker 3: all right, well, he's been compensated for the abuse that
• 8:34
  Speaker 3: he suffered. And then when you look at like, wait,
• 8:36
  Speaker 3: where did that money come from? It's like, wait, is
• 8:38
  Speaker 3: this really a big should we be celebrating that?
• 8:40
  Speaker 2: That's the crazy thing about it. Nobody ever thought about
• 8:42
  Speaker 2: where the money comes from. So where does the money
• 8:44
  Speaker 2: come from? The money comes from taxpayers, right, So taxpayers.
• 8:48
  Speaker 2: So that's another thing about police officers. Police officers are
• 8:51
  Speaker 2: public servants. Right, we pay when I say we tax
• 8:55
  Speaker 2: paying people of the United States of America pay the
• 8:58
  Speaker 2: salaries and the retireronment of the police department. All of
• 9:03
  Speaker 2: that comes from tax dollars. So now the taxpayers are
• 9:09
  Speaker 2: paying for these payouts. That's the first that's the first
• 9:13
  Speaker 2: part that people need to fully understand.
• 9:15
  Speaker 3: It's like even before the payout, right, they have no
• 9:18
  Speaker 3: So you got to understand that part before you even
• 9:21
  Speaker 3: get to the telements. You've had to go through court
• 9:23
  Speaker 3: a court case. Right there, there's no financial responsibility on
• 9:26
  Speaker 3: the side of an officer during the police brutality case.
• 9:29
  Speaker 3: So literally, the taxpayers pay for their trial. So they're
• 9:34
  Speaker 3: paying for the lawyers that, they're paying for the judgments,
• 9:37
  Speaker 3: and they're paying for the settlements. Like there is nothing
• 9:39
  Speaker 3: that they have to do if the actors committed while
• 9:42
  Speaker 3: they're on the job.
• 9:43
  Speaker 2: Yeah, that's the fact. So now so now the taxpayers
• 9:46
  Speaker 2: pay for it. So it's like all right, so now
• 9:48
  Speaker 2: now we got deal back, peel back even more layers.
• 9:51
  Speaker 2: So now a lot of cities, in towns, they have
• 9:55
  Speaker 2: liability policies. So liability it's like insurance pretty much, right,
• 10:00
  Speaker 2: So it's like, okay, any other insurance policy, you pay
• 10:03
  Speaker 2: a premium. So like let's say you have a ten
• 10:06
  Speaker 2: million dollar liability policy, so your premium for that might
• 10:10
  Speaker 2: be two hundred and fifty thousand dollars, right, So taxpayers
• 10:15
  Speaker 2: are paying the premium because that's where it comes from
• 10:17
  Speaker 2: the budget. So taxpayer is paying two hundred and fifty thousand,
• 10:20
  Speaker 2: and then a liability company is paying the ten million.
• 10:23
  Speaker 2: So it's like okay, if you if you get into
• 10:26
  Speaker 2: a situation and you beat up somebody, a cop. You're
• 10:29
  Speaker 2: a cop, and you beat up somebody, they sue. Now
• 10:33
  Speaker 2: they win. So now a liability company is liable for
• 10:36
  Speaker 2: that to pay that, so they pay it. But ultimately
• 10:41
  Speaker 2: the taxpayers still paid it in some sort because they
• 10:44
  Speaker 2: actually paid the premium for the policy. So but that
• 10:47
  Speaker 2: wouldn't that wouldn't be that bad because it's like, all right,
• 10:52
  Speaker 2: you're only paying it's still bad because it's like you
• 10:54
  Speaker 2: you are committing a crime, you are actually abusing somebody,
• 10:59
  Speaker 2: and where even if it's a dollar or ten percent
• 11:01
  Speaker 2: of what's being paid, we're still paying for a tax payer.
• 11:05
  Speaker 2: But it's like, all right, it's still less. It's not
• 11:07
  Speaker 2: like you're paying the whole thing right now you got
• 11:10
  Speaker 2: to peel back even one more layers. So it's like,
• 11:12
  Speaker 2: all right. What happens is that most of these cities, towns,
• 11:16
  Speaker 2: and especially as more and more police brutality cases start
• 11:19
  Speaker 2: to be reported, they don't have enough liability because you
• 11:22
  Speaker 2: got to think about the liability companies are business as well.
• 11:25
  Speaker 2: They're not just going to try to give away money. Yeah,
• 11:27
  Speaker 2: it's like they cap it. So now it's like there's
• 11:31
  Speaker 2: not enough liability insurance to cover a lot of this, right, So.
• 11:36
  Speaker 3: We need more money.
• 11:37
  Speaker 2: So now they need more money, additional money in addition
• 11:41
  Speaker 2: to the liability. So where does that come from? So
• 11:44
  Speaker 2: now they have to issue bonds. They have to have bonds, right.
• 11:48
  Speaker 2: So it's like Bethelhem, Pennsylvania, small town in Pennsylvania two
• 11:53
  Speaker 2: thousand and four, they settle the wrongful death lawsuit for
• 11:57
  Speaker 2: a seven point eight nine million, So five hundred thousand
• 12:02
  Speaker 2: came from the insurance, right, seven million, three hundred and
• 12:07
  Speaker 2: nine seven point thirty nine million came from bonds. So
• 12:15
  Speaker 2: the vast majority of it actually came from bonds. Right.
• 12:19
  Speaker 3: So bonds in the sensus like, listen, we're gonna pay
• 12:21
  Speaker 3: you back this money over a given amount of time
• 12:24
  Speaker 3: with interests, right, So a lot of times it could
• 12:27
  Speaker 3: be thirty years, sometimes it could be shorter. So we
• 12:29
  Speaker 3: just got to understand that part too. So literally, a
• 12:32
  Speaker 3: municipality is saying, listen, we don't have the money, but
• 12:34
  Speaker 3: we'll get it back to you. They're gonna raise that
• 12:36
  Speaker 3: money from the good people who live in that city.
• 12:39
  Speaker 3: So it's like, listen, the people who live in these areas,
• 12:42
  Speaker 3: and a lot of times it's over policed areas. So
• 12:44
  Speaker 3: when we look at the cities, it's over police areas.
• 12:46
  Speaker 3: When they're over policed, there's gonna be more incidents, there's
• 12:48
  Speaker 3: gonna be more altercations with law officials. So they already
• 12:52
  Speaker 3: know like, all right, well, we're gonna set this budget aside,
• 12:54
  Speaker 3: and if we don't have enough, we're gonna get more
• 12:56
  Speaker 3: from the taxpayers.
• 12:57
  Speaker 2: Yeah, And so what happens, what's going on now is
• 12:59
  Speaker 2: that cities across the United States of America are going
• 13:02
  Speaker 2: into massive debt because of what they're calling it police
• 13:05
  Speaker 2: brutality bonds. That's what they're pretty much dead, police brutality bonds.
• 13:10
  Speaker 2: So that's the crazy thing about the financial industry. They
• 13:12
  Speaker 2: issue bonds for anything. There was bonds for mortgage backed security,
• 13:16
  Speaker 2: for your home's bonds, for anything that you really get creative,
• 13:21
  Speaker 2: you can issue a bond. So now they actually have
• 13:23
  Speaker 2: police brutality bonds. Right. So between two thousand and eight
• 13:27
  Speaker 2: and twenty and seventeen, we did some research, LA seventy
• 13:31
  Speaker 2: four million dollars was paid in police brutality bonds. The
• 13:37
  Speaker 2: insurance the interest on that was eighteen million. To the
• 13:43
  Speaker 2: holders of the bond and taxpayers it cost them eighty
• 13:48
  Speaker 2: nine million. So let me just I just wanted for
• 13:50
  Speaker 2: people to understand that. So, all right, LA didn't have
• 13:54
  Speaker 2: enough to pay police brutality cases.
• 13:57
  Speaker 3: So those are the judgments and settlements, right.
• 13:59
  Speaker 2: So over and above what they already have in their
• 14:01
  Speaker 2: budget are over and above the liabillion ran.
• 14:04
  Speaker 3: That's the scary part too, like we are ready of saying, listen,
• 14:07
  Speaker 3: we have a budget for it. Let's keep going.
• 14:08
  Speaker 2: Yeah, So now they have to go to the financial
• 14:11
  Speaker 2: markets and issue bonds worth seventy one million dollars, right,
• 14:17
  Speaker 2: So they take out bonds for seventy one million dollars
• 14:20
  Speaker 2: to pay this Because if you know what a bond is,
• 14:22
  Speaker 2: it's like it's your somebody's loaning you money. For them
• 14:27
  Speaker 2: loaning you money, you're paying it back over a court
• 14:29
  Speaker 2: of time. But it's with interest. So now the people
• 14:33
  Speaker 2: that loaned them the money, people that loaned them seventy
• 14:36
  Speaker 2: one million dollars, they got paid an interest of eighteen million.
• 14:40
  Speaker 3: We're going to talk about who they are too, and
• 14:42
  Speaker 3: it's said.
• 14:43
  Speaker 2: They So they made money, they made eighteen The people
• 14:46
  Speaker 2: that issued the bonds made eighteen million dollars on the bonds.
• 14:50
  Speaker 2: The taxpayers ended up paying for the whole thing because
• 14:53
  Speaker 2: you have to pay for the bond and the interest.
• 14:57
  Speaker 2: So the taxpayers ended up paying eighty nine million.
• 15:00
  Speaker 3: Right, So you got to sell the bond money, which
• 15:02
  Speaker 3: is the seventy one if we're talking about LA and
• 15:04
  Speaker 3: then you talk about the interest pays. So you can
• 15:05
  Speaker 3: buy those two and that's what the bill is for
• 15:07
  Speaker 3: the tax pay yep.
• 15:08
  Speaker 2: Milwaukee during that same time, twenty six million in bonds,
• 15:12
  Speaker 2: uh three point seven million dollars in interest. The taxpayers
• 15:15
  Speaker 2: paid twenty nine million. Chicago, Chicago. I don't know what's
• 15:18
  Speaker 2: going on in Chicago.
• 15:19
  Speaker 3: Well, Chicago had a lot of high profile cases. One
• 15:22
  Speaker 3: that comes to mind, and we're gonna talk about a
• 15:24
  Speaker 3: duration of time, So from like twy ten to twenty eighteen,
• 15:28
  Speaker 3: we're talking to almost a billion dollars paid. They had
• 15:31
  Speaker 3: the Lakwi McDonald case where the young black kid was
• 15:34
  Speaker 3: shot sixteen times and I believe the office's name was
• 15:38
  Speaker 3: Van Dyk or something like that got sent us to
• 15:40
  Speaker 3: six years. There was a settlement in that case. So
• 15:42
  Speaker 3: you got a couple of cases in Chicago that happened
• 15:44
  Speaker 3: from twenty to ten to twenty seventeen. They had seven
• 15:48
  Speaker 3: hundred and nine million in bonds seven hundred and nine million.
• 15:52
  Speaker 3: The interest paid on those on those bonds was one
• 15:55
  Speaker 3: billion dollars with a B so the taxpayers get the
• 15:59
  Speaker 3: bill for one point seven There's a crazy part. There
• 16:03
  Speaker 3: was this quote. I was like, yo, that is it.
• 16:05
  Speaker 3: I was reading. It was like they said, this is
• 16:07
  Speaker 3: like the equivalent of paying your rent with a credit card.
• 16:11
  Speaker 3: Like it's a temporary solution, but the root of the
• 16:14
  Speaker 3: problem is you don't have enough money to pay your bills. Yeah,
• 16:16
  Speaker 3: you know what I'm saying. Think about that, And that's crazy.
• 16:19
  Speaker 2: I mean because if you look at it, like Milwaukee
• 16:20
  Speaker 2: paid three million, three million interest on twenty six million
• 16:23
  Speaker 2: dollars bond, La paid eighteen million on a seventy one
• 16:26
  Speaker 2: million dollars bond, they're small. The interest is smaller than
• 16:30
  Speaker 2: the amount of money that they borrowed. Chicago actually paid
• 16:33
  Speaker 2: more interest than what they So not only are they
• 16:36
  Speaker 2: issuing bonds, they issuing high interests like credit card, like
• 16:40
  Speaker 2: thirty five percent or something like that must be crazy
• 16:42
  Speaker 2: that they paid one billion dollars of interest and they
• 16:44
  Speaker 2: only borrowed seven hundred and nine million, and the tax
• 16:48
  Speaker 2: payers pay for all of that tax paid pay for
• 16:50
  Speaker 2: one point seven billion. So this is something that's so
• 16:54
  Speaker 2: crazy because it's like, you're paying for police brutality. You are, yeah,
• 16:59
  Speaker 2: And this is something, like I said, whether you are black, white,
• 17:02
  Speaker 2: whether you are affluent, whatever, this is something that everybody
• 17:05
  Speaker 2: should be concerned about because from an economic standpoint, why
• 17:09
  Speaker 2: do you want to pay for road cops? Why do
• 17:12
  Speaker 2: you want to pay for that? You're you're not only
• 17:14
  Speaker 2: paying for it, but you're paying for the interest as well.
• 17:16
  Speaker 2: Yeah so all right, so now that's that's the third layer.
• 17:20
  Speaker 2: But here's where it gets really spicy. It's like, all right,
• 17:24
  Speaker 2: so we're talking about bonds and day, so who's day? Right?
• 17:28
  Speaker 2: So it turns out that large banks, investment firms, ball
• 17:34
  Speaker 2: Street investment firms, small regional banks all play a part
• 17:39
  Speaker 2: in issuing these bonds. Some well known companies that have
• 17:42
  Speaker 2: played a part, Wells Fargo, Goldman, Sachs, Bank of America.
• 17:45
  Speaker 3: Bank of Montreal.
• 17:47
  Speaker 2: So they issue police brutality bonds to town cities, municipalities.
• 17:56
  Speaker 2: The cities pay them over the court sometime to loan
• 18:01
  Speaker 2: them money so they can pay victims, and they actually
• 18:05
  Speaker 2: are making money. So these companies are making money off
• 18:09
  Speaker 2: of police brutality because they're getting paid interest on the bonds.
• 18:12
  Speaker 3: And there's a lot of fees that go into doing
• 18:13
  Speaker 3: these bonds. Right, So, like we said that there's an
• 18:15
  Speaker 3: underwriter fees that the banks are going to collect the
• 18:18
  Speaker 3: money on that every time they issue them, so they're
• 18:20
  Speaker 3: going to every time that there's a case that is
• 18:22
  Speaker 3: a settlement, there's underwriting fees, the bank gets paid.
• 18:25
  Speaker 2: So not only do you have the first layer that's
• 18:27
  Speaker 2: making money is insurance companies for the liability claims because
• 18:31
  Speaker 2: insurance companies always make money, there's no way around it,
• 18:35
  Speaker 2: Like that's how insurance companies operate, right, So now you're
• 18:38
  Speaker 2: paying insurance premiums. So insurance, there's insurance policies and place
• 18:43
  Speaker 2: for police brutality, they make money. But even bigger than that,
• 18:46
  Speaker 2: now you have financial institutions that are making money off
• 18:49
  Speaker 2: police brutality bonds off the interest. So okay, now we
• 18:54
  Speaker 2: have to look at now it makes more sense why
• 18:57
  Speaker 2: nothing has changed in the last fifty years, if anything
• 18:59
  Speaker 2: has gotten worse, right, because there's no incentive for it
• 19:02
  Speaker 2: to stop. Not only do the police do not pay themselves,
• 19:06
  Speaker 2: they have no financial responsibility for it at all. So
• 19:09
  Speaker 2: that's one thing.
• 19:10
  Speaker 3: Like that's crazy.
• 19:11
  Speaker 2: The insurance companies is actually making money on it, and
• 19:16
  Speaker 2: now banks and financial institutions aren't making money on it.
• 19:21
  Speaker 2: So if there's if there's if nobody's losing money as
• 19:24
  Speaker 2: far as the cops and people are making millions and
• 19:29
  Speaker 2: billions of dollars, why would there ever be a real
• 19:33
  Speaker 2: incentive to change police brutality?
• 19:37
  Speaker 3: And then all that, right, if this was chess, right,
• 19:39
  Speaker 3: if we said that those are all the players, we
• 19:41
  Speaker 3: got to figure out where are we at on that
• 19:43
  Speaker 3: chess board?
• 19:45
  Speaker 2: Just pawns getting moved around. That's the reality of it,
• 19:48
  Speaker 2: and most people don't realize it. So it's like all right, okay, okay.
• 19:52
  Speaker 2: So and there's different ways how cities use it, Like
• 19:54
  Speaker 2: some cities use bonds as like part of their budgets.
• 19:57
  Speaker 2: Some cities use it as an emergency option. Some cities
• 19:59
  Speaker 2: use it after the liability insurance content, but they're still
• 20:02
  Speaker 2: getting used. Right, So it's like whole economic strit And
• 20:05
  Speaker 2: this is what we're talking about politics, and this is
• 20:09
  Speaker 2: something that people need to be aware of. So it's
• 20:11
  Speaker 2: like we're not just going to give you the problem.
• 20:14
  Speaker 2: Hopefully people. Somebody's listening to a bunch of people are
• 20:17
  Speaker 2: listening and the community's listening, and you never know what
• 20:20
  Speaker 2: somebody can do with the information. Right. So now it's
• 20:22
  Speaker 2: like how I see it when we're talking about were
• 20:26
  Speaker 2: in a political season, right and you're asking these politicians,
• 20:29
  Speaker 2: You demanding these politicians for these things, right, But a
• 20:33
  Speaker 2: lot of times you're asking them and you demanded them
• 20:35
  Speaker 2: for wrong things. You asking them to put body cameras
• 20:37
  Speaker 2: on these people. It doesn't matter.
• 20:39
  Speaker 3: But that's crazy. I'm glad you said body cameras because
• 20:42
  Speaker 3: in my notes I was thinking, like body cameras that
• 20:45
  Speaker 3: comes out of the budget too, right, So like when
• 20:47
  Speaker 3: you say you want these things, they have to get
• 20:49
  Speaker 3: the money to pay for it. So there needs to
• 20:51
  Speaker 3: be a budget that needs to come flow. You're paying
• 20:54
  Speaker 3: for those body cameras if you want them, you know
• 20:55
  Speaker 3: what I'm saying. So like we got to think intense, like,
• 20:57
  Speaker 3: all right, everything that you're asking for.
• 20:59
  Speaker 2: You're gonna pay. So the reil in my opinion, if
• 21:02
  Speaker 2: you want to take a political route. I'm not a
• 21:03
  Speaker 2: post I'm not opposed to politics. If you want to
• 21:06
  Speaker 2: take a political route, right, real legislation that can really
• 21:09
  Speaker 2: make a difference is first hitting police officers when it hurts,
• 21:14
  Speaker 2: so cutting getting cuts from the pension funds, right, the
• 21:19
  Speaker 2: police unions across America is probably the strongest, if not
• 21:22
  Speaker 2: one of these strongest unions TV in every city of America.
• 21:26
  Speaker 2: That they hardly can ever lose it. They can go
• 21:29
  Speaker 2: to jail and still keep their pension. They hardly ever
• 21:33
  Speaker 2: get fired even if they do an egregious act. They
• 21:36
  Speaker 2: like get put on like punishment or death duty even when.
• 21:38
  Speaker 3: They get fired, so that that there's a fine line there, right,
• 21:41
  Speaker 3: and that's where the law comes in. It's like they
• 21:43
  Speaker 3: can get fired for the offense, but the offense happened
• 21:45
  Speaker 3: while they were on duty, you see what I'm saying,
• 21:48
  Speaker 3: So like you're still paying for it because it happened
• 21:50
  Speaker 3: while they were part of the force. They could have
• 21:52
  Speaker 3: been fired after it, but they still were doing that
• 21:55
  Speaker 3: crime while they were on it. So technically your taxpayer
• 21:58
  Speaker 3: is gonna pay for it.
• 21:59
  Speaker 2: Yeah, so actionable items my opinion, I'm sure you have
• 22:03
  Speaker 2: somebody says cutting pension funds right, every for every for
• 22:09
  Speaker 2: every one hundred million that has to be paid out,
• 22:13
  Speaker 2: ten percent of the of the pension fund gets depleted.
• 22:17
  Speaker 2: That's that's an incentive for cops. Not to be because
• 22:22
  Speaker 2: you gotta realize this a lot of times, this is
• 22:24
  Speaker 2: the reality of it. Racism is real, right, So you're
• 22:28
  Speaker 2: not gonna be able to change You're not gonna be
• 22:29
  Speaker 2: able to change somebody's mine. If somebody looks at you
• 22:31
  Speaker 2: as less than a human being, somebody looks at you,
• 22:34
  Speaker 2: you can't change that by doing training, and none of
• 22:38
  Speaker 2: that's gonna work. But what people respect more than anything
• 22:41
  Speaker 2: else is money. So if they realize that, look, this
• 22:44
  Speaker 2: is gonna affect my money, you're gonna think twice about
• 22:47
  Speaker 2: doing something. So let's say it's one hundred for ever,
• 22:50
  Speaker 2: one hundred million dollars, ten percent of the total pension
• 22:53
  Speaker 2: for everybody, because it gotta be across the board. Everybody's
• 22:55
  Speaker 2: gotta fill. The pain gets deducted. Now the good cops,
• 23:00
  Speaker 2: he's going to be even more vigilant, and the bad
• 23:02
  Speaker 2: cops is even going to think about it because it's like,
• 23:04
  Speaker 2: I'm not just going to do nothing crazy because now
• 23:06
  Speaker 2: I'm gonna get effected.
• 23:07
  Speaker 3: Pay I think the second way we can we can
• 23:09
  Speaker 3: go about this is having them have individual responsibility rather
• 23:13
  Speaker 3: than having the tax paid pay for it. Let it
• 23:15
  Speaker 3: come out of it. Like you said, let's affect the money.
• 23:17
  Speaker 3: Let it come out of their own individual pench pains.
• 23:19
  Speaker 3: Let it come out of their own individual salaries if
• 23:22
  Speaker 3: there is misconduct, Right, if you saw that happening, you
• 23:25
  Speaker 3: would be less likely to commit any type of egregious
• 23:27
  Speaker 3: offense if you know it was gonna cost you, right,
• 23:29
  Speaker 3: because you got to feed your family too.
• 23:31
  Speaker 2: It's just like the NFL or any other thing. You
• 23:33
  Speaker 2: get fined exactly right, you get fine, you do something
• 23:36
  Speaker 2: in the NFL, you do an illegal hit, you get
• 23:38
  Speaker 2: a fifty thousand dollars paycheck cut in your paycheck. So yeah,
• 23:42
  Speaker 2: like you said, cops, if you get found guilty, if
• 23:45
  Speaker 2: you because if you have to pay their settling it right,
• 23:47
  Speaker 2: So if for every settlement that you have to pay for,
• 23:51
  Speaker 2: we're going to take twenty thousand dollars out of your salary,
• 23:53
  Speaker 2: We're going to cut your salary about twenty five percent
• 23:55
  Speaker 2: for the year or so, you know what I'm saying.
• 23:57
  Speaker 2: So now it's like overtime paid all types of thing.
• 23:59
  Speaker 2: So now it's like, Okay, you have a financial incentive
• 24:03
  Speaker 2: put in place not to do these things. Right. Another
• 24:08
  Speaker 2: thing that they can do is that they can deduct
• 24:11
  Speaker 2: it from the overall police budget, which will lower the
• 24:15
  Speaker 2: police budget, which that hurts them. Right. Another thing that
• 24:19
  Speaker 2: they can do that I just thought about is I
• 24:21
  Speaker 2: don't understand why cops don't have e ANDO insurance. Like
• 24:25
  Speaker 2: there's millions of cops all across the country from every persent,
• 24:28
  Speaker 2: from doctors, financial advisors. Doctors pay so much money in
• 24:32
  Speaker 2: malpractice insurance, so much money. Like a doctor might pay
• 24:35
  Speaker 2: thirty thousand dollars a year in malpractice insurance. He might
• 24:38
  Speaker 2: not ever do anything wrong, but that's the cost of
• 24:41
  Speaker 2: being a doctor, because when a doctor does do something wrong,
• 24:45
  Speaker 2: it's all pulled together. Just like a financial advisor has
• 24:49
  Speaker 2: e ANDO insurance, which stands for ARIZONO Mission Insurance. So
• 24:52
  Speaker 2: the financial advisor might not do anything wrong his whole
• 24:54
  Speaker 2: entire career, but if something happens and you know, a
• 25:00
  Speaker 2: complaint is fouled, then they have E and O insurance,
• 25:03
  Speaker 2: which every financial advisor has to carry E and O insurance. Right. So, now,
• 25:07
  Speaker 2: like any other type of insurance, you got millions of
• 25:09
  Speaker 2: people putting it towards the pot it comes out of that.
• 25:13
  Speaker 2: So why can't cops have E and O insurance? Two
• 25:16
  Speaker 2: hundred dollars out of every single cops paycheck has to
• 25:19
  Speaker 2: go to E and O malpractice whatever you want to
• 25:22
  Speaker 2: call it, insurance. So now you've taken two hundred dollars
• 25:26
  Speaker 2: a paycheck out of millions of cops paychecks that alone
• 25:30
  Speaker 2: could probably pay for at least half of these police
• 25:32
  Speaker 2: brutality cast it's gonna come out of yacht like.
• 25:37
  Speaker 3: Just because what you said is so important that it'll
• 25:39
  Speaker 3: be more than that. Right, because we're not talking about
• 25:40
  Speaker 3: every city in America. We're talking about over over populated
• 25:44
  Speaker 3: cities with police presence, right, So if there's a large
• 25:47
  Speaker 3: police presence in that city, then these things are more
• 25:49
  Speaker 3: likely to happen. And where those things happen in the
• 25:52
  Speaker 3: cities that there are predominantly people that look like myself
• 25:55
  Speaker 3: and shoddy straight up.
• 25:57
  Speaker 2: Yeah. And when you're talking about voting once again, you're
• 25:59
  Speaker 2: talking about vot that's important. You have to It's not
• 26:02
  Speaker 2: good enough just to vote. It's not good enough just
• 26:04
  Speaker 2: you have to enact real policy change, Like these are
• 26:08
  Speaker 2: real policy changes.
• 26:09
  Speaker 3: Before they can even vote, right, Like I know that everybody,
• 26:11
  Speaker 3: this is a year that the census has come out.
• 26:14
  Speaker 3: You have to fill that out, y'all, Like you've got
• 26:16
  Speaker 3: to fill that out, fill out the censors, let them
• 26:17
  Speaker 3: know who you are, so then you can actually vote
• 26:20
  Speaker 3: and actually get elected officials in the positions who have
• 26:22
  Speaker 3: your best interest in mind. Man, people, I've seen people
• 26:25
  Speaker 3: with this. It's like I got my senses. Whatever, what
• 26:27
  Speaker 3: is that do with that?
• 26:29
  Speaker 2: Another thing is that it could it could be legislation
• 26:33
  Speaker 2: put in place where no financial institution can benefit. And
• 26:37
  Speaker 2: if they are going to issue bonds, it has to
• 26:39
  Speaker 2: be zero percent interest. That's the way. It's really no
• 26:42
  Speaker 2: incentive for them to make your money. You're not going
• 26:44
  Speaker 2: to issue a bond if it's zero percent interest. So
• 26:47
  Speaker 2: it's gonna be extremely harder because now it's just easy,
• 26:49
  Speaker 2: like all right, we get we get in trouble, we
• 26:52
  Speaker 2: go to Wells Fargo. They're gonna cut us a check.
• 26:54
  Speaker 2: We're gonna pay it back. It's not coming from us,
• 26:56
  Speaker 2: it's coming from tax payers anyway, So who cares? WEALTHO
• 27:00
  Speaker 2: doesn't care because they making money. The police department doesn't
• 27:02
  Speaker 2: care because it's coming from the taxpayers. The only one
• 27:04
  Speaker 2: that's that's brought in this bill is taxpayers. So not
• 27:07
  Speaker 2: only a taxpayer is paying a salary of cops, they're
• 27:10
  Speaker 2: paying for the mistakes of cops as well.
• 27:13
  Speaker 3: Yeah, on a daily basis. And like that's the part
• 27:16
  Speaker 3: that people really got to understand. Like if you're paying taxes,
• 27:18
  Speaker 3: yeah it's cool, Like all right, we're paying for schools,
• 27:21
  Speaker 3: but yeah, you're also playing for misconduct. Straight up.
• 27:24
  Speaker 2: That's a fact man. So you know, it's it's it's
• 27:27
  Speaker 2: it's a it's a crazy system. We can go on
• 27:29
  Speaker 2: and on about this, but like I said, and it's
• 27:31
  Speaker 2: like for those that are saying, like, all, we can't vote,
• 27:34
  Speaker 2: I'm not saying I'm not we shouldn't vote. I'm not
• 27:36
  Speaker 2: telling anybody what to do politically. We're not We're not
• 27:38
  Speaker 2: a political show. I'm just saying as far as instead
• 27:40
  Speaker 2: of just giving you problems, these are some real life
• 27:43
  Speaker 2: solutions that you can now how you go about it,
• 27:45
  Speaker 2: it's up to you. Like I said, we provide the
• 27:48
  Speaker 2: information applications on you. You know, if you're a young leader,
• 27:51
  Speaker 2: if you're an old leader, and if you you sparks something,
• 27:54
  Speaker 2: whether it's through community mobilization, whether it's through boycotts to
• 27:58
  Speaker 2: these or these institutions that that issue these bonds, whether
• 28:02
  Speaker 2: it's through political action that can be debated for a
• 28:05
  Speaker 2: different day, a different show. But you know, the first
• 28:08
  Speaker 2: thing is to be aware of what's going on.
• 28:11
  Speaker 3: So we went over that like all last week. We
• 28:13
  Speaker 3: just kept saying that over and over. Everybody's like knowledge power.
• 28:16
  Speaker 3: The more you know, the more you know. Yo. The
• 28:18
  Speaker 3: real issue is that knowledge is power, want it's applied.
• 28:20
  Speaker 3: So now that you have the knowledge, we've provided some
• 28:22
  Speaker 3: knowledge for you, hopefully we peel back some layers that
• 28:24
  Speaker 3: you were unaware of. Now it's up to you. Now
• 28:27
  Speaker 3: what what do you do with this? What do you
• 28:28
  Speaker 3: do with you got Where do you apply it?
• 28:30
  Speaker 2: That's the fact. So in the next segment, we're gonna
• 28:32
  Speaker 2: go we're gonna switch topics, but staying in the same lane,
• 28:35
  Speaker 2: and we're gonna talk about investing. We're going talking about
• 28:37
  Speaker 2: making money from a different twist, all right, So now
• 28:40
  Speaker 2: we're gonna go into investing. That's what that's what we
• 28:43
  Speaker 2: You know, people always tune into Shots Market Monday's number
• 28:49
  Speaker 2: one stock show a whole vi shout out to wall
• 28:52
  Speaker 2: St Trafford, bro shout out to everybody that we had
• 28:56
  Speaker 2: on the show to talk about investing. Shot out to
• 28:57
  Speaker 2: Quentin Martin. The first market show up we've ever done,
• 29:01
  Speaker 2: and that was the over year ago, So we talked
• 29:03
  Speaker 2: about investing a lot, right, but it's just like now
• 29:06
  Speaker 2: we're in the time of being socially conscious. We're in
• 29:08
  Speaker 2: the time of actually you know, and it does. Everybody's
• 29:12
  Speaker 2: not socially conscious, but I'm just saying as far as
• 29:13
  Speaker 2: a lot of people are starting to become socially conscious.
• 29:16
  Speaker 2: So a lot of people grapple because we do. We
• 29:18
  Speaker 2: did a show last week shout out the my song
• 29:20
  Speaker 2: about you know the prison system yep, and it's like,
• 29:23
  Speaker 2: I you know what I mean, Like I don't feel
• 29:25
  Speaker 2: comfortable investing in in companies as invested in prison or
• 29:27
  Speaker 2: it's like now it's police brutality and find out there's
• 29:30
  Speaker 2: a whole financial play behind that.
• 29:31
  Speaker 3: I think. I think that was so open the doors
• 29:33
  Speaker 3: because like a lot of people didn't even realize that.
• 29:35
  Speaker 3: And shout out to my song because I see him
• 29:36
  Speaker 3: on the field and he was in Kentucky with the
• 29:39
  Speaker 3: Breonna Taylor case and now he's in Minnesota with the
• 29:43
  Speaker 3: George Floyd case too, So shout out to my song.
• 29:45
  Speaker 3: Who's doing incredible work.
• 29:46
  Speaker 2: Shout out to my song for sure. So all right,
• 29:50
  Speaker 2: one thing that we have not talked about so far
• 29:52
  Speaker 2: in the podcast is socially responsible investing. That's all right, Yes,
• 29:57
  Speaker 2: socially responsible investing. So this is a interest in conversation
• 30:01
  Speaker 2: because it's actually a really big thing and it's been
• 30:04
  Speaker 2: around for a very long period of time. But so
• 30:06
  Speaker 2: there are investors, right that have social hang ups about
• 30:11
  Speaker 2: different things. Whether it be about the environment, whether it
• 30:15
  Speaker 2: be about tobacco, whether it be about gambling, whether it
• 30:19
  Speaker 2: be about war, another one, weapons of mass destruction, prison
• 30:25
  Speaker 2: companies that benefit off of prison health.
• 30:28
  Speaker 3: Healthcare, anybody invested in tobacco, alcohol.
• 30:31
  Speaker 2: Women, a bunch of different things that people. So it's
• 30:35
  Speaker 2: like a lot of times just like you know, some
• 30:36
  Speaker 2: people and I'm not taking aside either way. Some people's like,
• 30:39
  Speaker 2: you know, I'm ana invest and just get my bread,
• 30:41
  Speaker 2: get my money, and it is what it is. And
• 30:43
  Speaker 2: then some people was like, you know, I kind of
• 30:45
  Speaker 2: want to still invest make money. I believe in that,
• 30:49
  Speaker 2: but I still have some moral issues.
• 30:53
  Speaker 3: Your moral compass is going that I don't.
• 30:54
  Speaker 2: Necessarily want to invest in certain companies.
• 30:58
  Speaker 3: Fair, Yeah, that's fair.
• 31:00
  Speaker 2: I'm not saying it's not so so for that they're
• 31:04
  Speaker 2: actually funds. There's actually funds. Now guy said that the
• 31:08
  Speaker 2: financial when you start to learn about more about everything.
• 31:10
  Speaker 2: It's something it's like ice cream. The's a different flavor
• 31:12
  Speaker 2: for every single person. So there's actually funds, ETFs and
• 31:15
  Speaker 2: mutual funds in place to four socially conscious investors.
• 31:21
  Speaker 3: Yeah, I had to pull back the layers on this
• 31:23
  Speaker 3: because I was like, what you texted to me? I'm like,
• 31:25
  Speaker 3: I never heard of it. Let's do some research.
• 31:28
  Speaker 2: Yeah for sure. So you know there there's there's a few.
• 31:32
  Speaker 2: Like I said, so those are the different topics like environment, gambling, tobacco, alcohol, prison,
• 31:37
  Speaker 2: social justice, and religion. That's a whole different conversation. We're
• 31:41
  Speaker 2: gonna talk about that, but so just to kind of
• 31:43
  Speaker 2: give you a few, there's es g U E s
• 31:47
  Speaker 2: g U is an ETF, a socially conscious ETF that
• 31:52
  Speaker 2: does not invest in any company that has anything to
• 31:56
  Speaker 2: do with weapons, tobacco, jails, even though they actually did
• 32:04
  Speaker 2: have a private prison in their ETF and then they
• 32:07
  Speaker 2: found out and there was a mistake and they kicked
• 32:09
  Speaker 2: it off. So it's like even that, it's like, you know,
• 32:10
  Speaker 2: you find out you try to get the kosher hot
• 32:13
  Speaker 2: dogs it was made in a pig slaughtering house. It's
• 32:17
  Speaker 2: like it's so crazy, but so yeah, but yeah, that's
• 32:20
  Speaker 2: a ETF, and that ETF has actually done pretty well,
• 32:23
  Speaker 2: you know, considering because a lot of a lot of
• 32:26
  Speaker 2: times the performance of these things aren't as high as
• 32:28
  Speaker 2: other ones, but that one has done pretty well. It's
• 32:32
  Speaker 2: fifty two week high is seventy five dollars, and it's
• 32:37
  Speaker 2: fifty two week low was forty dollars a month ago.
• 32:39
  Speaker 2: So in March it was forty dollars. Right now it's
• 32:40
  Speaker 2: sixty eight, so it's it's it's up pretty nicely in
• 32:44
  Speaker 2: a two in a two month timeframe. Another one is
• 32:47
  Speaker 2: s SGA, which is a women diversity ETF and like
• 32:51
  Speaker 2: investing companies that hire majority women or have women CEO,
• 32:55
  Speaker 2: it's like it's focused around women. There's another one called
• 33:00
  Speaker 2: c r b N which is a low carbon environmental
• 33:03
  Speaker 2: friendly ETF. So there there's a variety. Like you can
• 33:07
  Speaker 2: just google socially conscious funds and like kind of just
• 33:10
  Speaker 2: play around with it in different filters and you can see, like,
• 33:13
  Speaker 2: you know, what kind of fun you're looking for, you know,
• 33:15
  Speaker 2: with the situation.
• 33:15
  Speaker 3: It's interesting. It's interest because I'm thinking to myself, like,
• 33:18
  Speaker 3: how many investors right are not willing to compromise their
• 33:20
  Speaker 3: values to make money. And when you when I think
• 33:23
  Speaker 3: of investors, I'm like, you know what, I think the
• 33:25
  Speaker 3: more the moral thing is like they just want to
• 33:27
  Speaker 3: make money. Yeah, they don't put everything else.
• 33:29
  Speaker 2: I think. I think you know, people and myself included.
• 33:32
  Speaker 2: You know, I'm not preaching from the choir. We can
• 33:36
  Speaker 2: conveniently get blind, right, conveniently get blind because it's like,
• 33:40
  Speaker 2: you know what I'm saying, Like you might see something,
• 33:43
  Speaker 2: it's like it's not that bad.
• 33:45
  Speaker 3: It's like like if you were anti war, right, and
• 33:48
  Speaker 3: it was like, yeah, bones at ninety seven dollars, right,
• 33:51
  Speaker 3: But I don't want to invest in any company that
• 33:53
  Speaker 3: has deals with any making machines or any type of
• 33:56
  Speaker 3: thing that can help in the development of weapons and
• 33:59
  Speaker 3: masters to strut helping more. There goes that morale. It's like, wait,
• 34:03
  Speaker 3: well this is a good buye, right, this this is
• 34:04
  Speaker 3: a good buye at ninety seven dollars. Is it worth it?
• 34:07
  Speaker 3: You know what I'm saying, Like, I think most people think,
• 34:09
  Speaker 3: let's just make money.
• 34:10
  Speaker 2: Oh, they just don't really think about it. You're thinking
• 34:12
  Speaker 2: about it from that un the standpoint, it's like, yeah,
• 34:15
  Speaker 2: you know, Boeing has government contracts. Are you thinking that
• 34:21
  Speaker 2: maybe that government plane is sending a drone and killing
• 34:25
  Speaker 2: an innocent child in Syria? You're not really looking too
• 34:27
  Speaker 2: far into it. You could. It's available. It's a lot,
• 34:33
  Speaker 2: it's a lot easier. This is what happens in a
• 34:38
  Speaker 2: variety of different things. You don't you don't want to
• 34:42
  Speaker 2: see certain things. Like you, you're walking down the alley,
• 34:44
  Speaker 2: you see what's going on, you turn your you turn around.
• 34:47
  Speaker 2: You walked out the way a lot of times. Most
• 34:50
  Speaker 2: of the time, yeah, most of the time.
• 34:51
  Speaker 3: I mean for your own safety a lot of time.
• 34:53
  Speaker 2: And like I said, I'm not here to shame. We're
• 34:55
  Speaker 2: not here to shame anybody.
• 34:56
  Speaker 3: Nah.
• 34:57
  Speaker 2: But but I'm just saying, I'm just you just want
• 34:59
  Speaker 2: to provide them in for me.
• 35:01
  Speaker 3: This episode is brought to you by P and C Bank.
• 35:04
  Speaker 3: A lot of people think podcasts about work are boring,
• 35:07
  Speaker 3: and sure, they definitely can be, but understanding a professionals
• 35:11
  Speaker 3: routine shows us how they achieve their success little by little,
• 35:15
  Speaker 3: day after day. It's like banking with P and C Bank.
• 35:19
  Speaker 3: It might seem boring to save, plan and make calculated
• 35:22
  Speaker 3: decisions with your bank, but keeping your money boring is
• 35:25
  Speaker 3: what helps you live or more happily fulfilled life. P
• 35:28
  Speaker 3: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
• 35:33
  Speaker 3: Boring since eighteen sixty five is a service mark of
• 35:36
  Speaker 3: the PNC Financial Service Group, Inc. P and C Bank
• 35:39
  Speaker 3: National Association Member FDIC Erness What's Up? You ever walk
• 35:46
  Speaker 3: into a small business and everything just works like The
• 35:49
  Speaker 3: checkout is fast, the receipts are digital, tipping is a breeze,
• 35:54
  Speaker 3: and you're out the door before the line even builds
• 35:56
  Speaker 3: odds are they're using Square? We love more in businesses
• 36:00
  Speaker 3: that run on Square because it just feels seamless. Whether
• 36:03
  Speaker 3: it's a local coffee shop, a vendor at a pop
• 36:05
  Speaker 3: up market, or even one of our merch partners. Square
• 36:09
  Speaker 3: makes it easy for them to take payments, manage inventory,
• 36:12
  Speaker 3: and run their business with confidence, all from one simple system.
• 36:17
  Speaker 3: If you're a business owner or even just thinking about
• 36:19
  Speaker 3: launching something soon, Square is hands down one of the
• 36:22
  Speaker 3: best tools out there to help you start, run, and grow.
• 36:26
  Speaker 3: It's not just about payments, it's about giving you time
• 36:29
  Speaker 3: back so you can focus on what matters most. Ready
• 36:32
  Speaker 3: to see how Square can transform your business, visit Square
• 36:36
  Speaker 3: dot com. Backslash, go backslash eyl to learn more that
• 36:40
  Speaker 3: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
• 36:46
  Speaker 3: Let's Square handle the back end so you can keep
• 36:48
  Speaker 3: pushing your vision forward.
• 36:52
  Speaker 1: You just realized your business needed to hire someone yesterday.
• 36:57
  Speaker 1: How can you find amazing candidates fast? Just use Indeed.
• 37:02
  Speaker 1: Stop struggling to get your job posts seen on other
• 37:05
  Speaker 1: job sites. With Indeed sponsored jobs, your post jumps to
• 37:08
  Speaker 1: the top of the page for your relevant candidates, so
• 37:11
  Speaker 1: you can reach the people you want faster. According to
• 37:14
  Speaker 1: Indeed data, sponsored jobs posted directly on Indeed have forty
• 37:18
  Speaker 1: five percent more applications than non sponsored jobs. Don't wait
• 37:22
  Speaker 1: any longer, speed up your hiring right now with Indeed,
• 37:26
  Speaker 1: and listeners of this show will get a seventy five
• 37:28
  Speaker 1: dollars sponsored job credit to get your jobs more visibility
• 37:31
  Speaker 1: at indeed dot com slash pod katz thirteen. Just go
• 37:37
  Speaker 1: to Indeed dot com slash pod katz thirteen right now
• 37:42
  Speaker 1: and support our show by saying you heard about Indeed
• 37:45
  Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is
• 37:49
  Speaker 1: all you need.
• 37:50
  Speaker 2: Fation for some people that may want to take a
• 37:54
  Speaker 2: higher level of morality in that standpoint, and may want
• 38:01
  Speaker 2: to take a higher level of weeding out their investments.
• 38:05
  Speaker 2: Just give them, Just give them. That's the thing we're
• 38:07
  Speaker 2: we just hate it. Just provide information. A lot of
• 38:09
  Speaker 2: time people don't fully understand that, and they don't they
• 38:10
  Speaker 2: don't they don't even know that.
• 38:12
  Speaker 3: That exist exactly. So it's like there are a lot
• 38:15
  Speaker 3: of people in this I guess the quote unquote woke
• 38:17
  Speaker 3: stage right. So it's like, yo, if you're woke, let
• 38:20
  Speaker 3: it be in all assets of your life, right, not
• 38:22
  Speaker 3: just in your individual things that you're doing on day
• 38:24
  Speaker 3: to day, but even in investment. And this is one
• 38:26
  Speaker 3: of those things like like you said, prior to this,
• 38:28
  Speaker 3: I wasn't thinking about it. I had no idea, you
• 38:30
  Speaker 3: know what I mean.
• 38:30
  Speaker 2: It's so But then that brings it to another conversation
• 38:34
  Speaker 2: we talked to get shot out to Mice on last
• 38:36
  Speaker 2: week's episode was about the prison system. We didn't fully
• 38:40
  Speaker 2: go into the finances of publicly traded companies, but so
• 38:44
  Speaker 2: there's prison stocks, like private prison companies that are traded
• 38:50
  Speaker 2: on the Stock exchange. So a few of them are
• 38:53
  Speaker 2: cour Civic which is c x W, and g O Group,
• 38:58
  Speaker 2: which is geo. That's there, that's the symbol.
• 39:00
  Speaker 3: The crazy thing about cor Cific and this is crazy
• 39:02
  Speaker 3: that you said that. We don't even speak about this,
• 39:04
  Speaker 3: but dal Freeman shot out to Daal Freeman. If you
• 39:06
  Speaker 3: don't know Daalk Freeman, google him. I tell you his background.
• 39:09
  Speaker 3: But a very a very successful man in the world
• 39:12
  Speaker 3: of technology.
• 39:14
  Speaker 2: Uh.
• 39:14
  Speaker 3: He called me. He said, y'all loved that episode. The
• 39:17
  Speaker 3: actual the CEO of Courcific is my next door neighbor.
• 39:20
  Speaker 2: Oh yeah.
• 39:21
  Speaker 3: He was like, Yo, it's a big business and I'm
• 39:23
  Speaker 3: glad y'all talked to you episode. Yep, loved it. Sent
• 39:26
  Speaker 3: me the message and I was like, wow, that's incredible.
• 39:29
  Speaker 3: He was like, Yo, it's a big business. It's a city. Literally.
• 39:32
  Speaker 3: You got to think of these prisons, these private business
• 39:34
  Speaker 3: as cities. They need everything that a city needs. And
• 39:37
  Speaker 3: when you look at it like that, it's like damn.
• 39:39
  Speaker 3: He's right. Yeah, and his next door neighbor is the
• 39:41
  Speaker 3: guy who is in charge of that.
• 39:43
  Speaker 2: Well, there you have it. So yeah, those are two
• 39:46
  Speaker 2: private prison companies. Now. The crazy thing about those stocks,
• 39:49
  Speaker 2: so it's been even on that episode, my song had
• 39:51
  Speaker 2: said that private prison stocks skyrocketed after Trump got elected.
• 39:55
  Speaker 2: That is true. Both of those companies I think went
• 39:57
  Speaker 2: up over one hundred percent in the year following Trump's election,
• 39:59
  Speaker 2: but they've actually been down for the last like three
• 40:04
  Speaker 2: year and four years, Like their five year chart is
• 40:06
  Speaker 2: not really impressive, which is a good thing. I mean,
• 40:08
  Speaker 2: you know, but just wanted to throw that out there.
• 40:11
  Speaker 2: We have to tell both sides of the story. So
• 40:13
  Speaker 2: as an investment, they haven't really they're not booming. They're
• 40:17
  Speaker 2: not booming right now.
• 40:17
  Speaker 3: Which is good, which is good, which means that there's
• 40:19
  Speaker 3: less people going to prison.
• 40:21
  Speaker 2: Well, I don't know if there's less people going to prison.
• 40:23
  Speaker 2: But for whatever reason, this stock is just not doing well.
• 40:26
  Speaker 2: There could be a variety of different reasons why this
• 40:28
  Speaker 2: stock isn't doing well, but the stock has not really performed.
• 40:32
  Speaker 2: But what a lot of people don't fully understand is
• 40:34
  Speaker 2: that a lot of people are invested in especially cor Civic.
• 40:39
  Speaker 2: Up until last year, at the very least, a lot
• 40:42
  Speaker 2: of people are invested in Corsific without even knowing it
• 40:45
  Speaker 2: because through your four to one K, through your IRA,
• 40:50
  Speaker 2: through your pension plan. So Vanguard and Blackrock were the
• 40:54
  Speaker 2: two biggest holders I think they still are of private
• 40:58
  Speaker 2: prisons stocks. Black Rock Vanguard, two of the biggest mutual
• 41:04
  Speaker 2: fund companies. Everybody loves Vanguard because they have you know,
• 41:08
  Speaker 2: it's what I'm saying, it's a lot of it's a
• 41:10
  Speaker 2: lot of right and wrong in life. Right. People love
• 41:12
  Speaker 2: Vanguard because it's like it's a no load fund and
• 41:15
  Speaker 2: it's pretty much free to invest, and it's it's cheap,
• 41:18
  Speaker 2: and they're the biggest hold of prison stocks. By the way,
• 41:23
  Speaker 2: they also have a lot of four one K accounts.
• 41:25
  Speaker 2: Black Rock has a lot of four one K accounts, right,
• 41:28
  Speaker 2: so cour Civic c XW was in a lot of
• 41:32
  Speaker 2: these probably still are, and a lot of these four
• 41:35
  Speaker 2: one K make ups because when you invest in a
• 41:36
  Speaker 2: four one K, nobody knows what they're invested in. The
• 41:38
  Speaker 2: four one K you have probably three Like four one
• 41:43
  Speaker 2: K is like a menu and they give you like
• 41:44
  Speaker 2: twenty different options of how to invest right in twenty
• 41:46
  Speaker 2: different funds. Now, within one fund, it's like one hundred
• 41:49
  Speaker 2: different stocks inside of a fund. So if you have
• 41:52
  Speaker 2: like three different funds, you have like three hundred different
• 41:54
  Speaker 2: stocks inside of your fall one K that you're invested in.
• 41:57
  Speaker 3: You can do research on all of them.
• 41:58
  Speaker 2: Now, I guarantee you no nobody knows any of those companies.
• 42:02
  Speaker 2: Nobody knows any of those companies, right because you never asks.
• 42:06
  Speaker 2: It's not like just listed. As soon as when you
• 42:08
  Speaker 2: they just tell you the name of the company. So
• 42:09
  Speaker 2: it'll be like Vanguard twenty twenty fund or Vanguard High
• 42:14
  Speaker 2: interest bond fund or Vanguard small Cap Value fund. Right,
• 42:21
  Speaker 2: that's the name of the fund. But inside of the
• 42:24
  Speaker 2: small cap value fund, it's about one hundred and forty
• 42:27
  Speaker 2: different stocks.
• 42:29
  Speaker 3: That's when you get that big pamphlet that comes to
• 42:31
  Speaker 3: your house like that. Probably nobody ever goes through and
• 42:34
  Speaker 3: there's a bunch of these stocks and you're like, all right,
• 42:36
  Speaker 3: well did I make money or not? Pretty much?
• 42:39
  Speaker 2: Pretty much?
• 42:39
  Speaker 3: You know what I'm saying. Nobody's individually looking into one
• 42:42
  Speaker 3: hundred and forty different stocks and then actually researching those
• 42:45
  Speaker 3: stocks to see if they align with their values and moralities.
• 42:49
  Speaker 3: It is not happening.
• 42:50
  Speaker 2: No, it's not. But you can't say that you didn't
• 42:53
  Speaker 2: know at least because we told you. So you know,
• 42:57
  Speaker 2: if you're interested in it, you can do further research.
• 43:01
  Speaker 2: But so, just wanted to talk about the prison thing
• 43:02
  Speaker 2: because we did speak about that last week.
• 43:04
  Speaker 3: And it's some other things to know about these srs.
• 43:08
  Speaker 3: They tend to have a higher fee than regular funds,
• 43:11
  Speaker 3: and so I was like, what doesn't make sense. Why, Well,
• 43:14
  Speaker 3: the mutual fund has the person who's providing the fund
• 43:17
  Speaker 3: actually has to do more research. So there's more work
• 43:20
  Speaker 3: that the person has to do. Right, if they're gonna
• 43:22
  Speaker 3: do things that match your core values and your moralities,
• 43:25
  Speaker 3: it's like they have to find ethnical things that will
• 43:28
  Speaker 3: work for you. So there's a little bit more research.
• 43:30
  Speaker 3: So the fees tend to be a little bit higher.
• 43:32
  Speaker 3: And there's a there's a site that you can go
• 43:34
  Speaker 3: if you're into social fund uh social responsibility investing. Social
• 43:38
  Speaker 3: funds dot Com is the website so you can go
• 43:40
  Speaker 3: research on yourself. So that that's one thing that you
• 43:42
  Speaker 3: should do. Obviously, do the research and then know your values.
• 43:45
  Speaker 3: A lot of people don't know their own values, so
• 43:47
  Speaker 3: like when they're trying to invest, it's like, well, I
• 43:48
  Speaker 3: believe there's a know your own values before you're going
• 43:50
  Speaker 3: to go into this type of fund, all right, so
• 43:52
  Speaker 3: do the research. I just gave you the website. And
• 43:55
  Speaker 3: another thing is a lot of times and we've said
• 43:57
  Speaker 3: this website again Social funds dot Com, So you can
• 44:01
  Speaker 3: go there on your own leisure and do some research there.
• 44:04
  Speaker 3: But one of the things that it brought to my
• 44:06
  Speaker 3: mind is like we talk about diversifying when we're investing, right,
• 44:09
  Speaker 3: but like this type of fund doesn't. It kind of
• 44:11
  Speaker 3: doesn't allow you to do that, right because if you're
• 44:13
  Speaker 3: aligning everything with your values, isn't everything kind of going
• 44:17
  Speaker 3: to be the same if.
• 44:17
  Speaker 2: You No, No, you can invest in a variety of different
• 44:19
  Speaker 2: companies that don't that still align with your values, like
• 44:24
  Speaker 2: you know what I'm saying, could be different industries. Like
• 44:25
  Speaker 2: it's just it's just harder, like you said, because it's
• 44:28
  Speaker 2: like you've really got to go through every single fine
• 44:31
  Speaker 2: come because it's like, all right, you're invested in a
• 44:33
  Speaker 2: tech company, but is this tech company providing software for
• 44:39
  Speaker 2: weapons of mass destruction? So now it's just so much
• 44:43
  Speaker 2: more intensive research that you have to do, which is
• 44:46
  Speaker 2: the fund manager's job. But you can still invest in
• 44:48
  Speaker 2: a variety like you can invest in tech, you can
• 44:51
  Speaker 2: invest in you know, farming, you can invest in financial institution,
• 44:56
  Speaker 2: like you can invest in different companies. It's just that
• 44:58
  Speaker 2: those different companies have to be in line with what
• 45:02
  Speaker 2: you feel comfortable with.
• 45:03
  Speaker 3: I would imagine that these funds are managed by very
• 45:06
  Speaker 3: very small companies. This feels like a niche thing that
• 45:09
  Speaker 3: like very small companies do.
• 45:11
  Speaker 2: No, Actually, Vanguard has well right, right, right, you're right,
• 45:13
  Speaker 2: you're right, Van Guard.
• 45:15
  Speaker 3: That's a big one.
• 45:15
  Speaker 2: So yeah, yeah, but so going to what you just
• 45:20
  Speaker 2: said as far as the niche, so there's different layers
• 45:23
  Speaker 2: of socially responsible fund as well. Like I said, your Legion,
• 45:26
  Speaker 2: we just had to provide as much information as we
• 45:28
  Speaker 2: possibly can till every because there's so many different types
• 45:31
  Speaker 2: of people in this world. So you got the socially
• 45:33
  Speaker 2: conscious people that don't want to invest in those things.
• 45:36
  Speaker 2: But religion is a huge thing in this world, and
• 45:40
  Speaker 2: now you have religious people who can't or do not
• 45:44
  Speaker 2: want to invest in certain things because of their religion.
• 45:47
  Speaker 2: So now you have funds for that. It's fun for everything.
• 45:51
  Speaker 2: So you have Christian funds like Guidestone is a Christian fund,
• 45:56
  Speaker 2: and that's dedicated to invest in companies that that have
• 46:00
  Speaker 2: core Christian values. Kind of a vague situation, but you
• 46:05
  Speaker 2: know that's what that's designed for. You can do some
• 46:07
  Speaker 2: research and kind of forget out. Do you have av Maria,
• 46:14
  Speaker 2: which is a Catholic fund. There's a few Catholic funds.
• 46:17
  Speaker 2: So av Maria is Rising Dividend Fund, that's a that's
• 46:21
  Speaker 2: one of their their popular funds, and that's a Catholic fund.
• 46:25
  Speaker 2: So you know, Catholics, they're really big on like you know,
• 46:28
  Speaker 2: abortion and a couple other things. That's like real sticklers
• 46:32
  Speaker 2: for the Catholic Church. So they only invest in companies
• 46:36
  Speaker 2: that align with Catholic values. And then so just coming
• 46:41
  Speaker 2: off the month of Ramadan, we have a large listenership
• 46:45
  Speaker 2: all over the world and that includes America, which is
• 46:49
  Speaker 2: their huge Muslim population. There is a huge Muslim population
• 46:53
  Speaker 2: in Africa, huge Muslim population in Europe of course the
• 46:57
  Speaker 2: Middle East. So we have to say, as some malay
• 47:00
  Speaker 2: them to all of the Muslims that that tune in.
• 47:03
  Speaker 2: And one thing about Islam is that that's actually you know,
• 47:08
  Speaker 2: part of the religion is sharia law. Sharia law, So
• 47:13
  Speaker 2: people have a misunderstanding a lot of times what sharia
• 47:15
  Speaker 2: law is. I'm not gonna go into a full but
• 47:18
  Speaker 2: part of it is investing. Like there's actually guidelines, so
• 47:21
  Speaker 2: it's not really up for like vague interpretation, like if
• 47:25
  Speaker 2: you really are a hard line in the religion, there's
• 47:29
  Speaker 2: financial guidelines of how you can invest. So like interest
• 47:33
  Speaker 2: is outlawed in Muslim countries, so shouts our good friends
• 47:38
  Speaker 2: in Egypt, and I was over the house yesterday and
• 47:41
  Speaker 2: she was telling me that there's no there's no mortgages
• 47:43
  Speaker 2: in Egypt. No mortgages in Egypt. You just buy the land.
• 47:47
  Speaker 2: So interests, interest is outlaw. You're not allowed to charge
• 47:51
  Speaker 2: anybody interest. That's one thing, right. Of course, if you're
• 47:55
  Speaker 2: familiar with the religion, you know that. You know alcohol
• 47:57
  Speaker 2: is outlawed, variety of different factors. Gambling, there's no gambling.
• 48:03
  Speaker 2: Gambling is outlawed. So in Islam you have halal and haram.
• 48:10
  Speaker 2: Haram is forbidden, Halao is allowable. That's like deemed okay,
• 48:16
  Speaker 2: so now you.
• 48:16
  Speaker 3: Have to actually look that up. That was crazy on
• 48:19
  Speaker 3: the jail Etronic album.
• 48:20
  Speaker 2: Okay, yeah, so now you have you have halal funds.
• 48:25
  Speaker 2: One of the most popular funds is called a man
• 48:27
  Speaker 2: of fund. So the man of fund is a mutual
• 48:30
  Speaker 2: fund based around Sharia law which is halal and allows
• 48:34
  Speaker 2: Muslims that if you want to, if you want to
• 48:36
  Speaker 2: follow those guidelines, that you can actually invest and the
• 48:41
  Speaker 2: amount of fund only invest in alal companies, meaning companies
• 48:46
  Speaker 2: that don't partake in gambling, companies that don't partake and
• 48:51
  Speaker 2: interest interest bearing accounts, companies that don't partake in alcohol,
• 48:56
  Speaker 2: a variety of other things as well, So that that's
• 49:00
  Speaker 2: something that is a big play as well, because like
• 49:02
  Speaker 2: I said, I mean, no matter what religion you follow,
• 49:05
  Speaker 2: if you're Jewish, they have culture funds as well. It's
• 49:08
  Speaker 2: the same thing kulshure and halal kind of the same
• 49:11
  Speaker 2: thing as far as like the meaning of it, where
• 49:14
  Speaker 2: like Jewish people have like if you're a strict hardline
• 49:18
  Speaker 2: jew you are only really supposed to indulge in kulshure.
• 49:22
  Speaker 2: But kulture is more than just food.
• 49:24
  Speaker 3: Right, I think that's that's a crazy misconception that people
• 49:27
  Speaker 3: only think it's a food.
• 49:28
  Speaker 2: Then the same thing with allow, like you see to
• 49:29
  Speaker 2: allow guys or to allow truck. So people when they
• 49:32
  Speaker 2: think about hallo, especially like if you live in New
• 49:33
  Speaker 2: York City or like, like you're pretty popular, it's pretty popular,
• 49:37
  Speaker 2: allow food. And that is a certain way where the
• 49:40
  Speaker 2: food the animals like are you know, slaughtered and you
• 49:43
  Speaker 2: say a prayer and certain things. The same thing with kosher,
• 49:45
  Speaker 2: but that's only part of it. So like with the culture.
• 49:48
  Speaker 2: That's the only part of it, like you know, as
• 49:50
  Speaker 2: far as like then's the same kind of idea. And
• 49:54
  Speaker 2: like I said, that's that's true with a variety of
• 49:56
  Speaker 2: different religions where it's like, you know, depending on what
• 50:00
  Speaker 2: religion you subscribe to, that might you know, have a
• 50:05
  Speaker 2: play in how you choose to invest. So those are
• 50:09
  Speaker 2: all things to think about as well.
• 50:10
  Speaker 3: I know they're listening like Yo, damn shitty, sound like
• 50:13
  Speaker 3: a history professor. This dude literally studies religion like no
• 50:15
  Speaker 3: Joe and anybody that knows has ever had a conversation
• 50:18
  Speaker 3: with him, they know, like he loves talking about religion.
• 50:21
  Speaker 3: Shout de val who always brings it up. She always
• 50:25
  Speaker 3: talks about how you've taught us so much about the world.
• 50:27
  Speaker 3: But yeah, I know, this is one of your sweet points.
• 50:28
  Speaker 2: So history has been my favorite subject since I was
• 50:31
  Speaker 2: a little kid.
• 50:31
  Speaker 3: Definitely.
• 50:32
  Speaker 2: I took a history of religion class when I was
• 50:34
  Speaker 2: in college and I never study, never got one broken,
• 50:36
  Speaker 2: got an A plus because I just already knew so
• 50:39
  Speaker 2: much about religion, all religions. I'm just fascinated by you know,
• 50:42
  Speaker 2: I think it's interesting to learn about Christianity, Islam, Judaism,
• 50:48
  Speaker 2: Buddhism seek. I have friends that are all different religions,
• 50:52
  Speaker 2: and you know, for me personally, I don't think that
• 50:55
  Speaker 2: there's any one religion that is reigned supreme, whatever you know,
• 51:01
  Speaker 2: you feel comfortable with. I'm not here to judge, but
• 51:04
  Speaker 2: I just you know, I always found religion interesting because
• 51:07
  Speaker 2: I realized how how touchy it is, and it's like
• 51:10
  Speaker 2: people die over their religion. People will kill you over
• 51:12
  Speaker 2: their religion, and it's like you can't play around. That's
• 51:14
  Speaker 2: why we don't really talk about religion too much.
• 51:16
  Speaker 3: Some people don't want to be separated from.
• 51:17
  Speaker 2: You can't play around with religion. So it's like it's interesting,
• 51:21
  Speaker 2: It's interesting to me, and it's fascinating. So I try
• 51:24
  Speaker 2: to learn as much about religion as I possibly can
• 51:26
  Speaker 2: because I feel like a lot of times, most of
• 51:28
  Speaker 2: the time, we just we follow whatever religion we're born into.
• 51:31
  Speaker 2: And that's not really a belief system. That's more superstition.
• 51:34
  Speaker 2: When you when you believe in something that you don't
• 51:36
  Speaker 2: fully understand, is superstition.
• 51:37
  Speaker 3: You've been You've been bred to believe that.
• 51:39
  Speaker 2: Stevie Wonder said that, So now when you have a
• 51:43
  Speaker 2: full understanding of things, not only does it open your
• 51:45
  Speaker 2: perspective and make you more open to the world. But
• 51:48
  Speaker 2: at least even if the thing that you do fully
• 51:50
  Speaker 2: believe in, you can actually believe in it as opposed
• 51:54
  Speaker 2: to just doing it because everybody in your family does
• 51:57
  Speaker 2: it and you feel like you're going to be cursed
• 51:59
  Speaker 2: if you don't do it.
• 52:00
  Speaker 3: You've been you've stunned the research on your own, You've
• 52:03
  Speaker 3: allowed yourself to critically think, You've allowed yourself to analyze,
• 52:06
  Speaker 3: and like, that's the goal in life, right, allowed yourself
• 52:09
  Speaker 3: and allow others to freely think and freely choose. You
• 52:12
  Speaker 3: know what I'm saying, Like I think that is as
• 52:15
  Speaker 3: an educator, like that's the number one thing I'm looking for.
• 52:17
  Speaker 3: Can I allow these students to critically think for themselves?
• 52:20
  Speaker 3: And we should have that same mindset when it comes
• 52:22
  Speaker 3: to our family and our children.
• 52:24
  Speaker 2: That's a fact. So the last thing with the stocks,
• 52:26
  Speaker 2: this is pretty disturbing and it's all a financial place.
• 52:30
  Speaker 2: So now people might want to invest in black owned companies.
• 52:33
  Speaker 2: It's like black who are then invest in black But
• 52:37
  Speaker 2: from an investing standpoint, it's like what if I want
• 52:40
  Speaker 2: to invest money in the stock market, but I want
• 52:43
  Speaker 2: to invest in black owned companies.
• 52:44
  Speaker 3: A lot of people want to do that, right, but
• 52:46
  Speaker 3: we we buy black.
• 52:47
  Speaker 2: Shout out to them, Yeah, shout out to we buy black.
• 52:48
  Speaker 2: Those my people, good good people.
• 52:50
  Speaker 3: Yeah.
• 52:51
  Speaker 2: So all right, it's like a black owned fund. I
• 52:55
  Speaker 2: couldn't find any. I could like a black ETF or
• 52:58
  Speaker 2: a black mutual fund that only had black companies.
• 53:00
  Speaker 3: Couldn't find anything. Yeah, and maybe there are awesome. I
• 53:03
  Speaker 3: couldn't find any either, but maybe there are some.
• 53:05
  Speaker 2: Well. I think the reason why there are none that
• 53:08
  Speaker 2: I could find is that out of four thousand stocks
• 53:11
  Speaker 2: on the New York Stock Exchange, twelve are black companies. Twelve.
• 53:16
  Speaker 2: That is so disturbing that that's a whole different conversation.
• 53:20
  Speaker 2: You're talking about economic and that's what people don't fully understand.
• 53:22
  Speaker 2: It's like black people are so far behind. It's just
• 53:26
  Speaker 2: it's almost it's amazing. It's like it's like running a
• 53:29
  Speaker 2: marathon and you like twenty three miles in and you
• 53:34
  Speaker 2: just started the race, and somebody else is twenty three
• 53:37
  Speaker 2: miles in.
• 53:37
  Speaker 3: So it's like we're on a treadmill. There's a marathon
• 53:40
  Speaker 3: going on, were on a treadmill.
• 53:41
  Speaker 2: That's not even one percent, that's less than one percent
• 53:44
  Speaker 2: of twelve twelve out of four thousand companies are publicly traded.
• 53:50
  Speaker 2: So you were talking about economic empowerment, and it's like
• 53:53
  Speaker 2: a lot of times it's on a broader on a
• 53:55
  Speaker 2: small scale when you start looking at it from a
• 53:57
  Speaker 2: large scale as far as like companies and billions of
• 54:00
  Speaker 2: dollars and things of that nature, and like publicly traded companies,
• 54:04
  Speaker 2: there's twelve out of four thousand, like diversity.
• 54:09
  Speaker 3: I mean, it's crazy. And during the research, I actually,
• 54:13
  Speaker 3: you know, I was proud to find out that I'm
• 54:14
  Speaker 3: actually invested in one, well not invested, but I do
• 54:17
  Speaker 3: business with one at least, And I was I'm looking
• 54:19
  Speaker 3: at the other ones. I'm like, I don't even know these.
• 54:21
  Speaker 3: I don't even know these, So you want to run
• 54:23
  Speaker 3: down field?
• 54:23
  Speaker 2: Yeah, I got four that I people might know. Citizens
• 54:27
  Speaker 2: with their symbol is c z b S.
• 54:31
  Speaker 3: That's what I actually have my mortgage through. So not
• 54:34
  Speaker 3: that I'm invested in it, but we do business together. Yeah.
• 54:37
  Speaker 2: Citizens is a black owned bank.
• 54:38
  Speaker 3: Yeah.
• 54:39
  Speaker 2: For one, like the number four one, and that is
• 54:45
  Speaker 2: formally used to be Urban one, which is a radio. No,
• 54:49
  Speaker 2: it's Urban one. For to one is Urban one, and
• 54:51
  Speaker 2: it used to be Radio one. Okay, it's a radio syndicate.
• 54:54
  Speaker 2: No no, RLJ, which is a larging lodging company owned
• 55:00
  Speaker 2: by Robert Johnson, former owner of BT, former owner of
• 55:04
  Speaker 2: the Bobcats.
• 55:05
  Speaker 3: Yep. First billionaires, black billionaire.
• 55:10
  Speaker 2: Yeah, I think so. And then Carver Bank another black owned.
• 55:16
  Speaker 2: There's a few black owned banks. Yeah, Carver Bank, which
• 55:19
  Speaker 2: is encouraging that they have.
• 55:21
  Speaker 3: We have black owned banks that are being publicly traded.
• 55:24
  Speaker 2: That's important. You want to list a few others.
• 55:26
  Speaker 3: Well, we have the same one so but.
• 55:29
  Speaker 2: So yeah, so but so. Not only is this discouraging
• 55:32
  Speaker 2: as there's only twelve, even more so discouraging than that.
• 55:35
  Speaker 2: It's like you look at these charts, look at all
• 55:37
  Speaker 2: of their charts. None of them have good charts, none
• 55:39
  Speaker 2: of them. None of them. You look at Ian's technical analysis,
• 55:44
  Speaker 2: would be buys. As far as if you want to
• 55:45
  Speaker 2: make money, they've all they haven't. They don't. They're not
• 55:49
  Speaker 2: doing well. As far as on the stock. The stock
• 55:51
  Speaker 2: has not done well for five years, looking at the
• 55:53
  Speaker 2: five year chart, and it's not good.
• 55:55
  Speaker 3: And it's going to be tough to find there a
• 55:57
  Speaker 3: lot of these companies have a ten year charge or
• 56:00
  Speaker 3: twentieth even sometimes it goes back to the history thirty
• 56:02
  Speaker 3: year chart. A lot of these companies that doesn't exist.
• 56:06
  Speaker 3: It just doesn't exist.
• 56:07
  Speaker 2: Yeah, I don't even know what to say about that.
• 56:08
  Speaker 2: That's just that's something just to like as far as
• 56:11
  Speaker 2: working forward to something.
• 56:13
  Speaker 3: But that's I mean, a lot of that has to
• 56:14
  Speaker 3: do with a lot of systematic things that were put
• 56:16
  Speaker 3: in place so that it couldn't exist. We won't want
• 56:18
  Speaker 3: to ignore that fact, right, So having our own private
• 56:21
  Speaker 3: own company, or even having a black owned bank systematically
• 56:24
  Speaker 3: in America for years, that wasn't even a possibility. So
• 56:27
  Speaker 3: there are reasons why we don't have a long history
• 56:29
  Speaker 3: of it. So let's not ignore that fact. But like
• 56:31
  Speaker 3: I said, when we go back to the history of
• 56:33
  Speaker 3: some of these companies that we look at, we do
• 56:34
  Speaker 3: look at the ten year chart, we do look at
• 56:36
  Speaker 3: twenty year or the history of the company's chart, and
• 56:38
  Speaker 3: that's just not available right now for these companies.
• 56:41
  Speaker 2: Yeah, so you know that's some information if you're interested
• 56:45
  Speaker 2: in socially responsive funds, religious funds, black owned companies, you know,
• 56:50
  Speaker 2: just a different different take on investing because we talk
• 56:53
  Speaker 2: about investing a lot. So we just want to just
• 56:54
  Speaker 2: give people a different a different take on it, and
• 56:57
  Speaker 2: you can kind of do whatever you want with the information,
• 56:59
  Speaker 2: but it you know, hopefully that that that shines some
• 57:02
  Speaker 2: light good and bad, good and bad, because everything's not
• 57:05
  Speaker 2: gonna be a good story. Yeah. Sometimes, you know, it's
• 57:08
  Speaker 2: just the news is just that we have to just
• 57:10
  Speaker 2: report what it is. And it's not always it's not
• 57:13
  Speaker 2: always encouraging, but sometimes you need stuff that's not encouraging
• 57:17
  Speaker 2: to encourage you. So hopefully some of the information, especially
• 57:21
  Speaker 2: with the black owned publicly traded company, hopefully somebody listening
• 57:25
  Speaker 2: to this and make it a goal and have it
• 57:28
  Speaker 2: and have their company be the stock that everybody wants
• 57:32
  Speaker 2: to invest in, not just a token company that's on
• 57:34
  Speaker 2: the stock echange that nobody's invested in that is just
• 57:37
  Speaker 2: going nowhere. We not only my goal is to have
• 57:40
  Speaker 2: a publicly traded company. My goal is to be bigger
• 57:43
  Speaker 2: than Amazon, bigger than Apple, bigger than Google.
• 57:45
  Speaker 3: We need that type aspiration in our community. We need it.
• 57:48
  Speaker 2: Why not somebody gotta do it.
• 57:49
  Speaker 3: Yeah, we make these We make a lot of those
• 57:51
  Speaker 3: companies what they are, so we can make our own.
• 57:54
  Speaker 2: That's a fact, all right. So in the next time,
• 57:57
  Speaker 2: we're going to bring it home with some marketing, all right,
• 58:01
  Speaker 2: So we're gonna wrap it up with some conversation about
• 58:04
  Speaker 2: marketing around social injustice, social issue things of that nature.
• 58:11
  Speaker 3: So you want to take the lead on that, yeah, man,
• 58:13
  Speaker 3: I mean we've we've seen companies in the past, especially Nike,
• 58:16
  Speaker 3: when they stood by Colin Kaepernick and had his whole
• 58:18
  Speaker 3: campaign during the social injustice and him taking the knee,
• 58:21
  Speaker 3: and we saw the backlash from that from pretty much
• 58:26
  Speaker 3: half of the country didn't agree with it. And then
• 58:29
  Speaker 3: this day and age with the George Floyd case, Uh,
• 58:32
  Speaker 3: we've seen that these companies are taking the stance again.
• 58:34
  Speaker 3: Not only is Nike doing the for the first time
• 58:37
  Speaker 3: Don't Do It campaign, which talks about don't turn a
• 58:40
  Speaker 3: blind eye into to racism, don't turn a blind eye
• 58:43
  Speaker 3: to police brutality. And it's something that I've been expressing
• 58:47
  Speaker 3: all week, really like, if you don't stand by me,
• 58:50
  Speaker 3: if you care about me, if you care about Shaddy,
• 58:52
  Speaker 3: and you don't feel angered and outraged by what's happening,
• 58:54
  Speaker 3: then do you really love us? You know what I'm saying.
• 58:57
  Speaker 3: So not to say that Nike does, but the fact
• 58:59
  Speaker 3: that they've even spoken, but I know Lebron James has
• 59:01
  Speaker 3: done a tremendous job about speaking up about these issues
• 59:04
  Speaker 3: and continues to and there's a lot of other athletes
• 59:06
  Speaker 3: that do as well. But now we see that Adida
• 59:08
  Speaker 3: has decided they want to jump in the campaign and
• 59:11
  Speaker 3: showed unity by I think they tweeted what Nike had
• 59:14
  Speaker 3: put up, which was which was dope. I thought it
• 59:16
  Speaker 3: was dope to see those two companies come together. But
• 59:18
  Speaker 3: then Rebok, which I thought was probably one of the
• 59:21
  Speaker 3: better messages that I've seen, and their campaign was without
• 59:25
  Speaker 3: the black community. Rebok wind exists without the black community.
• 59:28
  Speaker 3: The world when America wind exists, And.
• 59:30
  Speaker 2: I was like, the world wouldn't exist.
• 59:32
  Speaker 3: The world the world went exist, but they put America
• 59:34
  Speaker 3: when exists. But we know that the world wouldn't exist.
• 59:36
  Speaker 3: So the country that we live in obviously was built
• 59:38
  Speaker 3: on the back of our ancestors. So to hear, you know,
• 59:41
  Speaker 3: these companies say that, and more of the companies need
• 59:43
  Speaker 3: to say that.
• 59:43
  Speaker 2: Right.
• 59:43
  Speaker 3: It's not just because like, oh wait, they were looting targets. Now,
• 59:46
  Speaker 3: Target should make a statement, now this is happening in Minnesota,
• 59:49
  Speaker 3: the headquarters of your company. You should have a statement, right,
• 59:52
  Speaker 3: you should be saying something. You should be standing with
• 59:54
  Speaker 3: these people because of an injustice to me, should be an
• 59:56
  Speaker 3: injustice to.
• 59:57
  Speaker 2: You, right, injustice to some as an injustice to all.
• 1:00:00
  Speaker 2: And I feel like if you have a responsibility to
• 1:00:05
  Speaker 2: say something, is it thin line? Because it's like some
• 1:00:07
  Speaker 2: people say, like, all right, you don't want to exploit
• 1:00:10
  Speaker 2: a situation, right, but also you have to address it.
• 1:00:14
  Speaker 2: You have to address it.
• 1:00:15
  Speaker 3: Yeah, Silence almost Like I keep seeing this, and we've
• 1:00:18
  Speaker 3: been saying that for a long time. Silence in most
• 1:00:20
  Speaker 3: cases equals complicency, right, So if you're not saying anything,
• 1:00:24
  Speaker 3: then it means you're complicent, right that you must not
• 1:00:27
  Speaker 3: feel a way or you agree with what is happening.
• 1:00:29
  Speaker 3: So anybody in this, especially in this past week or
• 1:00:33
  Speaker 3: so and for years, because like I said, this has
• 1:00:36
  Speaker 3: been going on like we were born into this, you
• 1:00:38
  Speaker 3: know what I'm saying, Like we've been born into this.
• 1:00:40
  Speaker 3: We don't seem police brutality from nineteen ninety one with
• 1:00:42
  Speaker 3: Rodney King up until this week, and it's like this
• 1:00:45
  Speaker 3: isn't new to us. So for people to continuously ignore it,
• 1:00:49
  Speaker 3: con sideriously have no stance on it, or continuously try
• 1:00:52
  Speaker 3: to victimize the victims. That happens a lot, like we
• 1:00:55
  Speaker 3: victimize the victims of these strgedies. It's crazy to me.
• 1:00:59
  Speaker 3: So it's it's good to see that some companies stepping up.
• 1:01:01
  Speaker 3: I think more.
• 1:01:02
  Speaker 2: I think every company needs to step up and say something.
• 1:01:05
  Speaker 2: And the companies that don't step up and say something,
• 1:01:09
  Speaker 2: take note the entertainers and athletes and things. And I
• 1:01:14
  Speaker 2: wanted to talk about this too because it's like a
• 1:01:15
  Speaker 2: lot of times people don't understand. It's like I put
• 1:01:18
  Speaker 2: this on Instagram. It's like having money does not equate
• 1:01:21
  Speaker 2: to having freedom. And we learned that big different. We
• 1:01:25
  Speaker 2: made a lot of relationship with NFL players, and we
• 1:01:27
  Speaker 2: was hanging out with NFL player last summer and he
• 1:01:29
  Speaker 2: was telling us around the time with Callan Kaepernick, like
• 1:01:32
  Speaker 2: most NFL players are not wealthy. They're like, you know,
• 1:01:36
  Speaker 2: one hundred five hundred thousand, maybe seven hundred thousand, but
• 1:01:39
  Speaker 2: in the grand scheme of things, that's not that that's
• 1:01:41
  Speaker 2: not real money, and it's like they can't afford to
• 1:01:45
  Speaker 2: lose their job. So he was like his owner, the
• 1:01:48
  Speaker 2: owner of that team that he was playing on, came
• 1:01:51
  Speaker 2: out and said she didn't want anybody taking a knee
• 1:01:55
  Speaker 2: they don't agree with that?
• 1:01:56
  Speaker 3: Better not Yeah, pretty much like straight up.
• 1:01:59
  Speaker 2: In fact, Jarry Jones said that I shouldn't do it. Yeah,
• 1:02:01
  Speaker 2: he did say that.
• 1:02:02
  Speaker 3: And what Dak Prescott and Zeke Elliott do They stood
• 1:02:06
  Speaker 3: up felling the felling a line yep.
• 1:02:08
  Speaker 2: And so one of his teammates actually decided to take
• 1:02:12
  Speaker 2: a knee, and not only was he released from the
• 1:02:15
  Speaker 2: team the next day, his father, who was a bus.
• 1:02:21
  Speaker 3: Driver or some kind of totally different states.
• 1:02:23
  Speaker 2: Civic job in a different state, was fired. So this
• 1:02:28
  Speaker 2: is the kind of pressure that a lot of these
• 1:02:30
  Speaker 2: entertainers and athletes. So it's like, when you're looking at it, entertainer,
• 1:02:33
  Speaker 2: First of all, I have an issue with entertainers and
• 1:02:37
  Speaker 2: athletes being looked at as leaders. And anybody knows me, no,
• 1:02:41
  Speaker 2: I love entertainers and athletes, but it's like, if you
• 1:02:44
  Speaker 2: devote your life to entertaining us, or if you devote
• 1:02:48
  Speaker 2: your life to being an athlete. I wasn't really mad
• 1:02:51
  Speaker 2: what Michael Jordan said about like, my main focus in
• 1:02:53
  Speaker 2: my life was being a basketball player. That's not really
• 1:02:57
  Speaker 2: an issue for me. The issue is that we expect
• 1:02:59
  Speaker 2: him to be a political leader. There are political leaders,
• 1:03:03
  Speaker 2: there are doctors, there are scientists, there are financial people.
• 1:03:07
  Speaker 2: So it's like, I'm not saying that we shouldn't celebrate
• 1:03:10
  Speaker 2: our athletes and entertainers. The problem comes in when they
• 1:03:15
  Speaker 2: are celebrated one thousand times more than our engineers, our doctors,
• 1:03:20
  Speaker 2: our lawyers, our financial leaders are politicians, because now you
• 1:03:24
  Speaker 2: marginalize those people who really do have something.
• 1:03:27
  Speaker 3: To exactly, and that was what and that's what Mike
• 1:03:29
  Speaker 3: said too, to his credit, not that I agree or
• 1:03:31
  Speaker 3: disagree with it, but he was like, I didn't speak
• 1:03:33
  Speaker 3: on it because I don't have enough knowledge. That's not
• 1:03:35
  Speaker 3: what I don't I play ball. I'm saying.
• 1:03:38
  Speaker 2: I'm not saying to make myself look crazy. I'm not
• 1:03:41
  Speaker 2: a politician. I'm not a doctor, a scientist. I'm a
• 1:03:46
  Speaker 2: basketball player.
• 1:03:47
  Speaker 3: We're not asking, yo, Aaron Judge, what do you think, Like, No,
• 1:03:51
  Speaker 3: that's not what you're here to play baseball? Play baseball. Yeah,
• 1:03:54
  Speaker 3: you can have an opinion if you like to speak up, great,
• 1:03:56
  Speaker 3: I'm not counting on you to speak up.
• 1:03:57
  Speaker 2: And that only happens in our community. Malcolm said that
• 1:04:00
  Speaker 2: over fifty years ago, only in the black community when
• 1:04:05
  Speaker 2: issues come up, do athletes and entertainers take the front line.
• 1:04:10
  Speaker 2: And it's not wrong that because some of our greatest
• 1:04:12
  Speaker 2: athletes going Lebron James kudos to him, Muhammad Ali kudos,
• 1:04:17
  Speaker 2: Sammy Davis Jr. Had a lot to say.
• 1:04:21
  Speaker 3: Jackie Robbins, Jackie Robbins.
• 1:04:23
  Speaker 2: It's a bunch of people that have taken political stances,
• 1:04:26
  Speaker 2: whether it's through a variety of different actions, and we
• 1:04:31
  Speaker 2: salute that. I'm not trying to downplay entertainers or athletes.
• 1:04:36
  Speaker 2: What I'm saying is that stop putting so much emphasis,
• 1:04:41
  Speaker 2: stop over celebrating these people, and over having over expectations
• 1:04:47
  Speaker 2: for these Like you're expecting people who are not qualified
• 1:04:52
  Speaker 2: nine times out of ten to speak on your behalf
• 1:04:56
  Speaker 2: just because they're famous. Right. So it's like if we
• 1:05:00
  Speaker 2: had political figures, if we had business figures, if we
• 1:05:06
  Speaker 2: celebrated other people who are more qualified, who dedicated their
• 1:05:11
  Speaker 2: life to learning about issues that can speak intelligently, if
• 1:05:15
  Speaker 2: we celebrated them and elevated them, and we do sometimes,
• 1:05:18
  Speaker 2: like I said, ear your Leader is a perfect example
• 1:05:20
  Speaker 2: that you know, we definitely appreciate all of the support
• 1:05:22
  Speaker 2: that we have gotten, but I'm just saying, just to
• 1:05:25
  Speaker 2: keep it in perspective during these times, is that not
• 1:05:29
  Speaker 2: only do you sho should you pay attention of who's
• 1:05:31
  Speaker 2: saying what, but stop putting all of your expectations on
• 1:05:36
  Speaker 2: people that are here to entertain. That's their job to
• 1:05:39
  Speaker 2: entertain us. So as an entertainer, you are here to
• 1:05:47
  Speaker 2: nine times out of ten entertained. You can't expect that
• 1:05:51
  Speaker 2: person and you shouldn't be looking to that person to
• 1:05:55
  Speaker 2: be your political or economic voice. Be your own economic voice,
• 1:06:01
  Speaker 2: be your own political voice.
• 1:06:03
  Speaker 3: We have the power to do it, we have the
• 1:06:05
  Speaker 3: knowledge to do it right. It makes no sense why
• 1:06:07
  Speaker 3: we shouldn't do it while we were not doing it right.
• 1:06:10
  Speaker 3: We need to celebrate, like you said, celebrate the people
• 1:06:12
  Speaker 3: who actually are doing the work. Tamika Mary. I thought
• 1:06:15
  Speaker 3: I saw her on CNN. I was like, Yo, that's powerful.
• 1:06:17
  Speaker 3: Like I love her voice. She's speaking for a community's
• 1:06:20
  Speaker 3: speaking for a generation of people. Like we said, what
• 1:06:23
  Speaker 3: my son's doing, What Stephen Jackson was doing in Minneapolis,
• 1:06:26
  Speaker 3: I thought it was incredible. He actually had a relationship.
• 1:06:28
  Speaker 3: I came to find out with George Floyd. These people
• 1:06:32
  Speaker 3: are They're not You're not looking for them. They're showing themselves.
• 1:06:36
  Speaker 2: To us and throughout history. And like I said, because
• 1:06:39
  Speaker 2: like poets have always been celebrated, Like we listened to
• 1:06:42
  Speaker 2: rap every single day, but there was never a point
• 1:06:45
  Speaker 2: in time where Shakespeare was more powerful and more valued
• 1:06:51
  Speaker 2: than Caesar. Right, Like, that's not how civilizations work. That's
• 1:06:58
  Speaker 2: not how civilizations work.
• 1:06:59
  Speaker 3: We don't.
• 1:07:00
  Speaker 2: There's levels, right, there's levels of appreciation. There's levels for
• 1:07:07
  Speaker 2: people that should be elevated. And like I said, there's
• 1:07:10
  Speaker 2: always been entertainers, athletes, There's always been poets, musicians, artists.
• 1:07:18
  Speaker 2: But the problem, and this is when civilizations start to fall.
• 1:07:22
  Speaker 2: When when Rome built the coliseum, that's to keep people distracted, right,
• 1:07:29
  Speaker 2: And it's like entertained. So now you're entertaining these people,
• 1:07:35
  Speaker 2: and they lose track of what is really important.
• 1:07:38
  Speaker 3: Right, the gladiator becomes the figure.
• 1:07:41
  Speaker 2: Right, So and that's done intentionally to keep you off
• 1:07:45
  Speaker 2: what's really going on. And this is done throughout civilizations
• 1:07:49
  Speaker 2: throughout history. So just pay attention to that, keep that
• 1:07:54
  Speaker 2: in mind, and understand the level of appreciation that you
• 1:07:59
  Speaker 2: have for these entertainers. You should have that same level
• 1:08:03
  Speaker 2: of appreciation for other people because, as Derry Falcon said,
• 1:08:06
  Speaker 2: the entrepreneurs, the creatives are our future. This is why,
• 1:08:09
  Speaker 2: this is why un your Lisha is so important. The
• 1:08:11
  Speaker 2: political figures, the entrepreneurs, the creatives, those are our future
• 1:08:15
  Speaker 2: because as he said, I don't care how fast you
• 1:08:18
  Speaker 2: can jump, how far you you're gonna retire. An athlete's
• 1:08:22
  Speaker 2: career is four to five years if that, if they're lucky,
• 1:08:25
  Speaker 2: a good rapper might have a three year run. If that,
• 1:08:28
  Speaker 2: I don't care how many words you can put together.
• 1:08:31
  Speaker 2: Eventually you're not going to be hot. No more so,
• 1:08:34
  Speaker 2: what's more important than somebody getting in a booth and
• 1:08:38
  Speaker 2: being able to put together words that can rhyme is
• 1:08:42
  Speaker 2: somebody that can actually pay that person.
• 1:08:44
  Speaker 3: For that economic empowerment, economic freedom. Like that's it, Like
• 1:08:47
  Speaker 3: we have to get to that point where like Yo,
• 1:08:49
  Speaker 3: that needs to be celebrated, that needs to be elevated
• 1:08:51
  Speaker 3: and celebrate on educator too, Like they're the ones that
• 1:08:54
  Speaker 3: are passing right with They're passing the message on, they're
• 1:08:57
  Speaker 3: passing the knowledge on that can be a later applied
• 1:09:00
  Speaker 3: break them the same way that we do a lot
• 1:09:01
  Speaker 3: of these celebrities.
• 1:09:03
  Speaker 2: Sure, so this was this was this was a dope
• 1:09:05
  Speaker 2: episode to startpe for me. You know, it's like everybody else,
• 1:09:08
  Speaker 2: you know, we're going through a lot right now. And
• 1:09:10
  Speaker 2: it was just good just to get out here and
• 1:09:12
  Speaker 2: get some information to the public. Hopefully you guys were
• 1:09:15
  Speaker 2: able to take some some some some information from this.
• 1:09:18
  Speaker 2: That's the baility of this man and utilize it.
• 1:09:21
  Speaker 3: That'sability of it. Like we didn't have to say like, Yo,
• 1:09:23
  Speaker 3: we need to Yo, we're gonna go do this, Like
• 1:09:25
  Speaker 3: all right, let's do it today. We're now waiting, like
• 1:09:28
  Speaker 3: I know, you know, people were like, hey, what's just
• 1:09:30
  Speaker 3: this is our stands, like we recorded it as we
• 1:09:33
  Speaker 3: all now to apply some information and make some changes
• 1:09:35
  Speaker 3: that y'all want.
• 1:09:36
  Speaker 2: To see for sure.
• 1:09:37
  Speaker 3: So Troy, yeah, yeah, you know. We we usually you know,
• 1:09:42
  Speaker 3: shout out what we're doing. But more importantly, since this
• 1:09:45
  Speaker 3: is like a state of the emergency state of the
• 1:09:47
  Speaker 3: Union for our community, we wanted to highlight some other people.
• 1:09:51
  Speaker 3: And I think it would be more appropriate for us
• 1:09:54
  Speaker 3: to acknowledge some other funds that are happening right now
• 1:09:58
  Speaker 3: in America and that ca help our community. So you
• 1:10:01
  Speaker 3: want to start with the first one, you can start,
• 1:10:03
  Speaker 3: all right, So first and foremost I did the research
• 1:10:06
  Speaker 3: and decided, you know, the Minnesota Freedom Fund. I think
• 1:10:10
  Speaker 3: everybody should be aware of what that is. A lot
• 1:10:12
  Speaker 3: of that is going on in Miniapis right now. And
• 1:10:15
  Speaker 3: what that fund does is it bails out people who've
• 1:10:19
  Speaker 3: been arrested for political protests. So they're small bails, but
• 1:10:23
  Speaker 3: a lot of people are being arrested because a lot
• 1:10:25
  Speaker 3: of them are peacefully protesting. I want to I don't
• 1:10:27
  Speaker 3: want you all get confused and think that our people
• 1:10:30
  Speaker 3: are rioting. A lot of our people are peacefully protesting.
• 1:10:33
  Speaker 3: The media has portrayed in a certain light. Yes, there
• 1:10:35
  Speaker 3: are people who are doing other things, but for the
• 1:10:37
  Speaker 3: people who are peacefully protesting, the Minnesota Freedom Fund bails
• 1:10:42
  Speaker 3: those people out. And I think it would be appropriate
• 1:10:44
  Speaker 3: for us to acknowledge the George Floyd Fund. His family
• 1:10:48
  Speaker 3: fund is a gofund me fund. If you could donate
• 1:10:51
  Speaker 3: to that, it goes directly to the family. I know
• 1:10:53
  Speaker 3: they over five million dollars already right now. We can't
• 1:10:56
  Speaker 3: forget that that is somebody's husband, that is somebody's father,
• 1:11:00
  Speaker 3: that is somebody's son. And you know, his last words
• 1:11:03
  Speaker 3: and this hit me yesterday when we were doing the research.
• 1:11:06
  Speaker 3: His last words were, you know, I can't breathe and
• 1:11:08
  Speaker 3: calling for his mom. I didn't even know that his
• 1:11:11
  Speaker 3: mom had passed away two years ago, so that hit
• 1:11:14
  Speaker 3: me so hard, knowing that in his last moments he's
• 1:11:16
  Speaker 3: crying to reach his mom who had passed away literally
• 1:11:21
  Speaker 3: to the day. I think the anniversary of your fur
• 1:11:23
  Speaker 3: death was this week, So you know, donate to that.
• 1:11:29
  Speaker 3: We will be doing that and we encourage you to
• 1:11:31
  Speaker 3: do the same.
• 1:11:32
  Speaker 2: Yeah, stay safe out there, stay encouraged, stay healthy, and
• 1:11:35
  Speaker 2: once again recipes to all of the people that have
• 1:11:37
  Speaker 2: full victim of police brutality throughout the last three hundred years,
• 1:11:43
  Speaker 2: four hundred, four hundred years in the United States of
• 1:11:45
  Speaker 2: America and all over the world. Thank you guys for
• 1:11:48
  Speaker 2: rocking with us. We'll see you next week. Peace.
• 1:11:50
  Speaker 3: Peace.
• 1:11:52
  Speaker 4: An illegal alien from Guatemala charged with raping a child
• 1:11:56
  Speaker 4: in Massachusetts. An MS thirteen gang member from El Salva
• 1:12:00
  Speaker 4: accused of murdering a Texas man of Venezuelan charged with
• 1:12:04
  Speaker 4: filming and selling child pornography in Michigan. These are just
• 1:12:08
  Speaker 4: some of the heinous migrant criminals caught because of President
• 1:12:12
  Speaker 4: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 1:12:16
  Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 1:12:20
  Speaker 4: crossings are at the lowest levels ever recorded, and over
• 1:12:24
  Speaker 4: one hundred thousand illegal aliens have been arrested. If you
• 1:12:27
  Speaker 4: are here illegally, your next you will be fined nearly
• 1:12:31
  Speaker 4: one thousand dollars a day, imprisoned, and deported. You will
• 1:12:35
  Speaker 4: never return. But if you register using our CBP home
• 1:12:39
  Speaker 4: app and leave now, you could be allowed to return legally.
• 1:12:43
  Speaker 4: Do what's right. Leave now. Under President Trump America's laws,
• 1:12:48
  Speaker 4: border and families will be protected.
• 1:12:50
  Speaker 3: Sponsored by the United States Department of Homeland Security,