Latest / Financial Survival Network / New Strategies for U.S. Prosperity - Bill Walton #6178

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New Strategies for U.S. Prosperity - Bill Walton #6178 · Financial Survival Network

0:00
Speaker 1: If he wins, in effect, he's going to be a
0:02
Speaker 1: lame duck. He doesn't have to run for reelection and
0:04
Speaker 1: so he can do a lot of things. You'll have
0:07
Speaker 1: a freer hand, in fact, than he would otherwise. It'll
0:11
Speaker 1: leave jd Vance with a with a harder job. That
0:13
Speaker 1: there's a big opportunity to fix a lot of these things,
0:16
Speaker 1: maybe once in a lifetime. If we don't fix some,
0:19
Speaker 1: that hold this whole debt debt monster is going to
0:23
Speaker 1: suck us down.
0:24
Speaker 2: You're listening to Carrie Letz's Financial Survival Network where you
0:28
Speaker 2: get valuable information you just can't find anywhere else to
0:32
Speaker 2: thrive in today's trying times. You need the Financial Survival
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0:41
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0:45
Speaker 2: Network now more than.
0:47
Speaker 3: Ever, and welcome. You are listening to and watching the
0:54
Speaker 3: Financial Survival Network. I'm your host, Carrie lets They've got
0:59
Speaker 3: a really interesting guest. His name is Bill Walton. Bill,
1:04
Speaker 3: you have a podcast, but you've done so much more.
1:07
Speaker 3: You find him at the Bill Waltonshow dot com and
1:12
Speaker 3: it's season entrepreneur. Bill the CEO of Allied Capital corporation
1:18
Speaker 3: for many years and basically part of the Trump transition team.
1:25
Speaker 3: You've done a lot and really great to have you
1:29
Speaker 3: on here because it looks like there's an inevitability about
1:33
Speaker 3: to take place in the election. Although elections are like
1:36
Speaker 3: horse races, you never know when one of those horses
1:40
Speaker 3: is going to get drugged or taken out before it
1:43
Speaker 3: crosses the finish line, as they've already tried to do here.
1:47
Speaker 3: But we got to talk about what you foresee happening
1:52
Speaker 3: and is the economy hopeless at this point? Is the
1:56
Speaker 3: country hopeless? Is there anything that can be done to
1:59
Speaker 3: turn to write this sinking ship? Well?
2:03
Speaker 1: I think there is, and I'm quite hopeful about Trump's
2:06
Speaker 1: prospects next week. You know, lots of people who are
2:10
Speaker 1: close to it. I'm based here in the DC area,
2:12
Speaker 1: and you know, the feeling is he's going to win.
2:17
Speaker 1: But I have insider information. I have a dentist who
2:22
Speaker 1: is dentist to all the Democrat operatives who work for
2:25
Speaker 1: Obama and then Biden, and they're you know, in Northwest,
2:29
Speaker 1: and they are terrified. They're quite concerned that this thing
2:35
Speaker 1: is going south on them. And you know they've been
2:37
Speaker 1: they've they've been living in a honeypot now for you know,
2:40
Speaker 1: fifteen years, twenty years figure, and they're worried about the game,
2:44
Speaker 1: the game over scenario. And the other thing it makes
2:47
Speaker 1: me optimistic is if Trump wins. When he wins, there
2:50
Speaker 1: are a lot of people that he has.
2:52
Speaker 3: You know, he made a lot of.
2:53
Speaker 1: People mistakes in twenty sixteen. It took a long time
2:56
Speaker 1: to get over it and get started, and then of
2:58
Speaker 1: course they attacked him with the Rush Russia Russia thing.
3:01
Speaker 1: I think he's all ready for that now, and he's
3:03
Speaker 1: got I can think of fifteen twenty people who probably
3:06
Speaker 1: come into the administration who get what needs.
3:09
Speaker 3: To be done. They've been there.
3:11
Speaker 1: I think the odds of making some changes are good.
3:14
Speaker 3: All right, well, we certainly need it, you know. I
3:16
Speaker 3: don't want to talk about personalities and cults of personality
3:21
Speaker 3: all that, but it's good to hear that your dentist
3:24
Speaker 3: is getting us some golden inside information. He takes the
3:31
Speaker 3: gold out of their pockets. And they should be scared
3:34
Speaker 3: because what's happened in this country is you know, the
3:38
Speaker 3: policies that have been pursued have got us at the
3:42
Speaker 3: brink of bankruptcy. But I mean, like Trump has said
3:48
Speaker 3: he didn't need to do this, and I'm sure he's
3:52
Speaker 3: doubted himself for doing it many many times since, but
3:57
Speaker 3: he's kind of it's a calling for him, kind of
4:00
Speaker 3: a mission, and you know, it's it's going to be interesting.
4:04
Speaker 3: But like I said, we're not into like election politics
4:07
Speaker 3: and all that. We're into policy. That's something that you
4:11
Speaker 3: have first hand information insight into. You know. One of
4:16
Speaker 3: the things people complain about Bill it's so hard to
4:19
Speaker 3: get the government to do anything to change the government.
4:24
Speaker 3: One policy that Trump is promoting now is elimination of
4:29
Speaker 3: the income tax. Are you and I ever going to
4:32
Speaker 3: live to see that? Oh my gosh, I hope so. Uh.
4:36
Speaker 1: You know, the night when we put the income tax
4:38
Speaker 1: in place. There's obviously the money part of it, but
4:41
Speaker 1: the income tax is just an unbelievable intrusion into our
4:45
Speaker 1: personal privacy. All of a sudden, the federal government has
4:50
Speaker 1: the right to take apart your your sources of income,
4:53
Speaker 1: and they know everything about you. And there are lots
4:56
Speaker 1: of other things afoot if Kamala in up winning where
5:01
Speaker 1: they you know, the Treasury's got something called the Corporate
5:03
Speaker 1: Transparency Act, which they I know Biden signed into law.
5:08
Speaker 1: And you know that that would require most of the
5:12
Speaker 1: small businesses in America some thirty forty million, to disclose
5:16
Speaker 1: the beneficial ownership of them, and a lot of other
5:19
Speaker 1: things that would be intrusive. And so yeah, I do
5:22
Speaker 1: know that's the kind of thing that when Trump wins,
5:25
Speaker 1: you know they're going to they're going to make a
5:27
Speaker 1: target now getting rid of the I R S for
5:30
Speaker 1: the income tax. I don't think we get enough revenue
5:34
Speaker 1: if we go to tariffs to substitute for the income tax,
5:37
Speaker 1: given the unbelievably big, you know, the size of the government.
5:41
Speaker 1: But I like the way they're thinking about it.
5:44
Speaker 3: Uh, you know, but the but.
5:45
Speaker 1: The terrify idea is really it's about revenue. But I
5:49
Speaker 1: think it's mainly about making sure that we rehabilitate, rehabilitate
5:54
Speaker 1: American business here.
5:55
Speaker 3: And you know, we've we've.
5:56
Speaker 1: Transported most of the business, a lot of the businesses
5:59
Speaker 1: in the jobs offshore, and we've got to we've got
6:02
Speaker 1: to bring that back. And I think I think that'll
6:05
Speaker 1: be a big step in the right direction.
6:07
Speaker 3: Certainly, so probably a combination of tariffs and a that
6:12
Speaker 3: national sales tax, if you will, Probably what it's going
6:16
Speaker 3: to have to be, but we get Elon Musk in
6:19
Speaker 3: charge of efficiency. I mean, look, the most productive auto
6:26
Speaker 3: manufacturing plants in the world. The most productive one happens
6:30
Speaker 3: to be the Tesla plant in Shanghai. But it's not
6:35
Speaker 3: that far ahead of Austin, and it's not that far
6:38
Speaker 3: ahead of Fremont, California. Quality is a little higher there
6:43
Speaker 3: because it was built later than Fremont, but the Austin
6:48
Speaker 3: quality just as good. So can you can you imagine
6:54
Speaker 3: Elon Mutska well being in charge of cutting government programs?
7:00
Speaker 3: Go ahead? Yeah, there's one other thing. There was a
7:03
Speaker 3: case that took place during Nixon's tenure, and I know
7:08
Speaker 3: that President Trump is aware of it. That's the Impoundment Authority. Yeah. Case.
7:14
Speaker 3: I don't remember the name of it, so forgive me
7:16
Speaker 3: for that. But basically said, if Congress authorizes the spending,
7:21
Speaker 3: you got to spend it. And the case was never
7:24
Speaker 3: properly tested. And look to just say, all right, Congress,
7:30
Speaker 3: you allocated six billion dollars, but we're only going to
7:34
Speaker 3: spend four of it. Sue me. Can we look forward
7:37
Speaker 3: to that? You think in a second Trump administration.
7:40
Speaker 1: I think it's on the radar screen definitely that you've
7:43
Speaker 1: got a little elon musk answer. They say, well, how
7:46
Speaker 1: much money can you cut out of a seven trillion
7:49
Speaker 1: dollar budget? I think that's the number that could be
7:51
Speaker 1: could be twenty million, twenty t he said, two trillion dollars,
7:56
Speaker 1: which is a big number, but it's not you know, waste,
8:01
Speaker 1: fraud and abuse. He also in another conversation throughout the
8:06
Speaker 1: notion that there's some two hundred and seventy five or
8:08
Speaker 1: three hundred federal agencies and if you want to look
8:12
Speaker 1: at a definition of immortality, it's a federal agency. You know,
8:16
Speaker 1: once these things get created, they never go away. And
8:19
Speaker 1: I would bet they're probably seventy five to one hundred
8:22
Speaker 1: agencies which may have had a good reason to come
8:25
Speaker 1: into existence, but they don't have any reason to be
8:28
Speaker 1: right now. And there's a big opportunity to not only
8:31
Speaker 1: cut employment, but also restructure you know, the regulatory framework
8:37
Speaker 1: to make it, you know, more compatible for growing a business.
8:41
Speaker 3: Yeah, I did. I put this question to chat GPT.
8:45
Speaker 3: I said, listen, one hundred federal agencies, agencies that are
8:49
Speaker 3: useless and could easily be cut. And I'm going to
8:55
Speaker 3: give you, like just a few of these agencies. You're
8:58
Speaker 3: going to get a real kick out of it.
9:00
Speaker 1: Uh.
9:00
Speaker 3: Do you think we could live without the Appalachian Regional Commission,
9:05
Speaker 3: the Denali Commission, xmbank, You know, the Xmbank's just corporate welfare.
9:11
Speaker 3: How about the postal Service? Well, we need somebody to
9:14
Speaker 3: deliver the mail. But I think Jeff Bezos could do
9:17
Speaker 3: it better than the government. Right. It still already is
9:23
Speaker 3: opic US Institute for Peace. It's not doing a real
9:28
Speaker 3: good job now. Office of Navajo and Hoppy Hope Indian Relocation.
9:35
Speaker 3: That seems like an urgent national concern, doesn't it. I
9:40
Speaker 3: mean it's just because on and on and on and
9:43
Speaker 3: on and on here like one hundred of them. The
9:49
Speaker 3: they're talking like things like the fah FA because it's
9:53
Speaker 3: duplicated by other things in private. Could do it? Office
9:57
Speaker 3: of Fossil Energy, I mean, let's be banned by fossils, right.
10:02
Speaker 3: Or how about the Office of Legacy Management. What the
10:06
Speaker 3: heck do you even know what that does? Bill?
10:10
Speaker 1: It's managing somebody's legacy and government.
10:13
Speaker 3: I don't know.
10:13
Speaker 1: Maybe it's managing oversea protecting all the obsolete agencies. Yeah,
10:21
Speaker 1: but the job is to stand guard to make sure
10:23
Speaker 1: nobody shuts them down.
10:24
Speaker 3: I don't know. We'll have to get rid of that one.
10:26
Speaker 3: First one. The one I want to get rid of
10:29
Speaker 3: is the Department of Redundancy Department because it's definitely this
10:36
Speaker 3: is chat GPT. That's amazing.
10:39
Speaker 1: I think of that as not really I realized it
10:43
Speaker 1: was a libertarian this is this is good stuff, all.
10:46
Speaker 3: Right, So we could further refine this and say, pretend
10:50
Speaker 3: you are Rand Paul or uh, you know, just pretend
10:55
Speaker 3: you Rand Paul. What's the way to go? Yeah? Or
10:59
Speaker 3: if I were Ludwig vad misis what would I what
11:03
Speaker 3: would be left of the federal government? You know, you
11:05
Speaker 3: could do that because then it has to put on
11:07
Speaker 3: its other hat and get away from it's a leftist
11:11
Speaker 3: to programming. But how about the Export Control and Related
11:15
Speaker 3: Border Security Assistance program. You know, it's a list, it's
11:22
Speaker 3: it would be comical, Bill if it wasn't a true.
11:26
Speaker 1: Well it wasn't it wasn't obscene. I mean that's the issue.
11:29
Speaker 1: I mean, that's you know, it's comical if you're sort
11:32
Speaker 1: of doing what we're doing. But if you run a
11:34
Speaker 1: business and a small business, medium sized business, and you
11:37
Speaker 1: fall under the predations of.
11:39
Speaker 3: One of those agencies.
11:41
Speaker 1: Uh, you got a problem because they can tell you
11:43
Speaker 1: to do all sorts of things that don't make any sense.
11:46
Speaker 1: And you know, and that's the that's the hidden tax
11:48
Speaker 1: in America. Now, as all these agencies put out, you know,
11:52
Speaker 1: one of them puts out a bad rule or a
11:54
Speaker 1: rule that may be even you know, with a good intent,
11:57
Speaker 1: but then all of a sudden you're supposed to comply with.
12:00
Speaker 3: If you get one hundred agencies.
12:01
Speaker 1: Doing that, all of a sudden, all you're doing is
12:03
Speaker 1: filling out paperwork.
12:06
Speaker 3: How about how about like one of Trump's most successful
12:10
Speaker 3: policies last administration was putting in the Executive Order that
12:16
Speaker 3: for every new rule you want to impose or implement,
12:20
Speaker 3: you got to get rid of two And it actually
12:24
Speaker 3: was so effective that most agencies were getting rid of
12:27
Speaker 3: twenty new rules every rule they implemented. How about every
12:32
Speaker 3: new rule you implement, you got to get rid of
12:35
Speaker 3: one hundred employees and one hundred existing regulations.
12:40
Speaker 1: Well, think of it, what Elon must out at Twitter?
12:42
Speaker 1: What do you do reduce the headcount by eighty percent
12:45
Speaker 1: ninety percent? And nobody knows that eight thousand employees and
12:49
Speaker 1: it's taken it down to about one thousand, and it's
12:52
Speaker 1: doing just fine with that streamline structure. I I know
12:58
Speaker 1: Leyland wouldn't talk about this, and we weren't serious. And
13:03
Speaker 1: if you get him thinking this way about these agencies,
13:05
Speaker 1: I think, you know, this could be a you know,
13:08
Speaker 1: think about our budget deficit, think about all the bad
13:11
Speaker 1: things that people think you can't fix. Well, if you
13:13
Speaker 1: do all this, you could.
13:16
Speaker 3: Yeah, and he's managed. If you saw the last Tesla
13:19
Speaker 3: earnings call, and I've caught it, the average price of
13:22
Speaker 3: a Tesla to produce is thirty five thousand dollars. No
13:24
Speaker 3: grant that they don't have unions, they don't have legacy
13:27
Speaker 3: costs like medical and pensions and all that good stuff,
13:32
Speaker 3: but nonetheless the price has come down. Well. Inflation has
13:36
Speaker 3: been going up. Bill two things, deficit inflation, all right,
13:43
Speaker 3: Like I know Trump saying let's just drill, and we can,
13:49
Speaker 3: you know, bring down inflation because energy costs and all that.
13:52
Speaker 3: But you and I both know it's got to take
13:55
Speaker 3: a massive cut in government expenditures. Unnecessary, wasteful, and some
14:01
Speaker 3: that even maybe aren't wasteful but just aren't useful. And
14:07
Speaker 3: that's where the blowback is going to come. From because,
14:10
Speaker 3: like you said, you know, your dentist is worried because
14:14
Speaker 3: all of his well most of his patients are probably
14:18
Speaker 3: going to be out of a job here if Trump
14:20
Speaker 3: was elected.
14:22
Speaker 1: Well, and they should be out of a job because well,
14:24
Speaker 1: I came to Washington, I guess in nineteen ninety six.
14:27
Speaker 1: I've been here several times. But Potomac, Maryland, which is
14:32
Speaker 1: this big, big, expensive suburb north of the city, had
14:37
Speaker 1: these huge Mac mansions and I was just really stunning,
14:40
Speaker 1: and I asked, you know, I was new to the
14:42
Speaker 1: PC area, and I said, what's paying for all that?
14:45
Speaker 1: And they said, well, that's case treat money. And what
14:48
Speaker 1: we've seen now in the last three or four years
14:51
Speaker 1: is those big mansions have been considered teardowns, and they're
14:55
Speaker 1: they're putting up even bigger ones up in Potomac. And
14:57
Speaker 1: a lot of that's coming from things like the totally
15:01
Speaker 1: misnamed Inflation Reduction Act, which is basically the Green New
15:04
Speaker 1: Deal on steroids, which is antedet trillions of dollars. And
15:09
Speaker 1: you know, John Podesta's got a four hundred billion dollar
15:12
Speaker 1: fund to for the for the projects for the Democrat.
15:17
Speaker 1: Democrat donors have that they're purportedly you know, green energy,
15:21
Speaker 1: so all that sort of stuff could go away. I mean,
15:23
Speaker 1: the whole, the whole green energy piece is a massive
15:27
Speaker 1: reallocation of capital, private capital and government capital. And if
15:31
Speaker 1: we just shutting that down, would I think, do a
15:35
Speaker 1: lot to the budget deficit.
15:37
Speaker 3: We got like hundreds of billions in corporate welfare every
15:43
Speaker 3: year taking place right these companies. It's one thing you
15:49
Speaker 3: give to the least needed. You could at least justify that,
15:52
Speaker 3: But how do you justify these massive subsidies and everything else.
15:58
Speaker 1: Because they can forth, they can afford the lobbying firms
16:02
Speaker 1: and afford the contribution to the to the senators and
16:06
Speaker 1: the congressman, and they're the only ones talking to them,
16:09
Speaker 1: and so they end up getting getting these handouts, and
16:13
Speaker 1: the rest of the country can't afford to be here
16:16
Speaker 1: and do that, and so they they've been the losers.
16:18
Speaker 3: And we you know, let's turn that around. Yeah. So yeah,
16:23
Speaker 3: like like the Boeings of the world, and you see
16:25
Speaker 3: what our subsidies have done. They and the banking industry, everybody,
16:29
Speaker 3: they get these subsidies and then they up their executive
16:33
Speaker 3: compensation and their stock options everything else. I mean, I
16:37
Speaker 3: do believe that you run a successful company, you deserve
16:41
Speaker 3: to be extremely well rewarded because it's very difficult, especially
16:46
Speaker 3: in these times. But you know the taxpayer shouldn't be
16:51
Speaker 3: paying for it.
16:52
Speaker 1: Well, that'll be a new paradigm. Now the thing we do.
16:55
Speaker 1: You know, Donald Trump was not exactly a cost cutter
16:58
Speaker 1: last time. It was on know and one of the
17:02
Speaker 1: and I don't want to cost him any votes because
17:04
Speaker 1: we have to win. But he's not talking about entitlement reform.
17:08
Speaker 1: He's not talking about any any budget gouts.
17:11
Speaker 3: He can't.
17:12
Speaker 1: I mean that that that's gonna that's political suicide. But
17:16
Speaker 1: on the other hand, if he if he wins an effect,
17:19
Speaker 1: he's going to be a lame duck. He doesn't have
17:20
Speaker 1: to run for reelection and so he can do a
17:22
Speaker 1: lot of things. He'll have a freer hand, in fact,
17:27
Speaker 1: than he would otherwise. It'll leave jd. Vance with a
17:30
Speaker 1: with a harder job. But there's a big opportunity to
17:32
Speaker 1: fix a lot of these things, maybe once in a lifetime.
17:36
Speaker 1: If we don't fix them, that hold, this whole debt
17:38
Speaker 1: and debt monster is going to suck us down.
17:43
Speaker 3: Yeah, yeah, So you know, the federal government will still
17:48
Speaker 3: owns forty five percent of the state of California, most
17:52
Speaker 3: of Nevada, all these states that it wasn't supposed to
17:55
Speaker 3: wind up owning it owns. So why don't we just
17:59
Speaker 3: sell off ten percent of California? Would that be such
18:03
Speaker 3: a bad thing? Well, and gild be a great thing.
18:05
Speaker 1: And there's this totally mistaken notion that if you put
18:10
Speaker 1: land in federal hands, it's preserving it and they're going
18:13
Speaker 1: to nurture the environment with this federal ownership. It's just
18:17
Speaker 1: the opposite. If you put land in private hands, private
18:20
Speaker 1: owners do an awful lot to make it more productive
18:24
Speaker 1: and make it more environmentally.
18:29
Speaker 3: Whatever the word is, a.
18:30
Speaker 1: Better greener And so you know, yeah, I mean it
18:34
Speaker 1: would be a win win, you get. You know, I
18:38
Speaker 1: was back and I used to be in the merger
18:40
Speaker 1: acquisition business, and you know, it wasn't the question of
18:43
Speaker 1: just buying and selling companies. The way you think about
18:45
Speaker 1: it really is you're trying to take one business that
18:48
Speaker 1: may be struggling or something like that, and you try
18:51
Speaker 1: to put that business into stronger hands people know what
18:54
Speaker 1: to do with it, and hopefully they'll take that and
18:57
Speaker 1: build it up into something better, more profit better, for
19:00
Speaker 1: shareholders and so on and so forth. And I think
19:03
Speaker 1: the same thing. I think it's a great idea of
19:04
Speaker 1: the federal lands. Let's let's raise some capital and put
19:09
Speaker 1: it in hands of people who could do something good
19:11
Speaker 1: with it.
19:12
Speaker 3: And it's all the Western states, Yeah, Idaho, the Dakota's.
19:18
Speaker 3: Maybe people don't want to live in those places necessarily,
19:22
Speaker 3: but increasing the supply of land, which eventually would increase
19:26
Speaker 3: the supply of housing. All these things, and you know that,
19:31
Speaker 3: to me, the biggest issues campaign or you know, immigration, obviously,
19:36
Speaker 3: the economy inflation. Inflation's a cycle. I don't know that
19:40
Speaker 3: the government really can bring it down. It just kind
19:44
Speaker 3: of lasts for twenty or thirty years as in the past.
19:47
Speaker 3: But the crime, all these things we've just seen, like
19:53
Speaker 3: deviant behavior, like Daniel Patrick moynihan used to say, we're
19:57
Speaker 3: defining devancy down. And shoplifting is decriminalized in a lot
20:03
Speaker 3: of states. And you got these das who don't believe
20:08
Speaker 3: it's their job.
20:09
Speaker 1: Only if you steal more than a thought, only if
20:11
Speaker 1: you steal more than one thousand dollars with us stuff.
20:13
Speaker 3: I mean, there's a point if you keep it under
20:16
Speaker 3: a thousand.
20:17
Speaker 1: I guess it's decriminalized, but let me come on, this
20:19
Speaker 1: is this is insane.
20:21
Speaker 3: Yeah, and I can see.
20:22
Speaker 1: People in the stores with their with their iPhone calculator working. Okay,
20:26
Speaker 1: I'm getting up to nine to ninety five and better. Okay,
20:29
Speaker 1: we've stolen enough time to get out of here to.
20:32
Speaker 3: Knock the charges down anyway, thanks to the sorosdas. But
20:35
Speaker 3: I was in a CVS in Woodland Hills, California, and
20:41
Speaker 3: I tell you, everything in that store was locked up,
20:44
Speaker 3: and was there a little later at night. I had
20:47
Speaker 3: to wait fifteen minutes for a guy to unlock the
20:50
Speaker 3: case to get some eye drops that were twenty bucks.
20:53
Speaker 3: In Florida. Here there are some things that are locked
20:57
Speaker 3: up like that are high shoplift items like razor blades,
21:02
Speaker 3: all right, and like certain eye drop eye care products.
21:06
Speaker 3: But it's a small section of the store. Everything else
21:11
Speaker 3: it's like open, and you know, the self checkout to cashiers.
21:16
Speaker 3: You can have them here in Florida, but in California
21:19
Speaker 3: or New York you can't risk them because they increase
21:23
Speaker 3: shoplifting by fifty percent.
21:25
Speaker 1: Well yeah, and there's stores, you know here in the
21:28
Speaker 1: DC area they're just showed they're just shutting the stores down.
21:31
Speaker 1: They can't they can't afford to keep them open. So
21:34
Speaker 1: all these things they're supposed to protect criminals or whatever
21:39
Speaker 1: have ended up really hurting most of the inner city
21:41
Speaker 1: communities here and here in DC.
21:43
Speaker 3: And everyone the waste of time of having to wait
21:46
Speaker 3: for them to open something up and get it and
21:49
Speaker 3: you just say, the heck with it, I'll buy it
21:50
Speaker 3: on Amazon. You know.
21:52
Speaker 1: But but you think about the trouble with countries in
21:55
Speaker 1: what we're describing. It's their target rich opportunities to make
21:59
Speaker 1: it better. I mean, it doesn't take a lot to
22:01
Speaker 1: sort of say, well, let's change the let's change some
22:04
Speaker 1: of the rules about crime. And you know, we did it.
22:08
Speaker 1: They did it a couple of times. And in New York,
22:12
Speaker 1: I mean, Giuliani turned it around and Bloomberg did a
22:15
Speaker 1: pretty good job with it. You can fix the city
22:17
Speaker 1: if you get the right people in charge.
22:19
Speaker 3: So true what you're saying, Like, I remember the city
22:21
Speaker 3: before Julianni, I remember after and the left to vilifies
22:26
Speaker 3: him and gives him no credit for saving their haven.
22:31
Speaker 3: And after a couple of terms of comrade Bill the
22:35
Speaker 3: Blasio and now this new guy, the place is completely
22:40
Speaker 3: unlivable becoming more unlivable by the day.
22:42
Speaker 1: Well, yeah, and you know there are a lot of
22:45
Speaker 1: yes it is, And I don't mean the problem is
22:47
Speaker 1: that we talk about governance, were talking about Trump, and
22:50
Speaker 1: you know what the FETs can do, and I think
22:52
Speaker 1: the state legislatures and some of the some of the
22:55
Speaker 1: larger some of the smaller cities can make these changes.
22:58
Speaker 1: I don't see changing big city government much. I mean
23:02
Speaker 1: Democrats have got got a lockhand on it, then they don't.
23:06
Speaker 1: They're not showing any signs of paying a price for
23:09
Speaker 1: all the damage they've done.
23:11
Speaker 3: Well, the price is a migration from these blue states
23:17
Speaker 3: to the red states, and of course here in Florida, Texas,
23:21
Speaker 3: various other states, Tennessee. You see mass migration where people
23:25
Speaker 3: are just throwing up their hands. And I know a
23:28
Speaker 3: number of people left California and that's it. Well, Bill,
23:33
Speaker 3: it's really been a pleasure having you on the show,
23:36
Speaker 3: and we will definitely have you on again. We definitely
23:40
Speaker 3: got some interesting times ahead. You find Bill at the
23:44
Speaker 3: Bill waltonshow dot com. The link is in the show
23:47
Speaker 3: notes This interview on Financial Survival Network dot com. Please
23:51
Speaker 3: sign up for free newsletter and if you've got any
23:53
Speaker 3: questions for Bill myself. The email address is kl at
23:58
Speaker 3: Kerrie LUTs dot com. Bill, we'll talk to you soon.
24:01
Speaker 3: Thanks so much for coming on, Gray love to be here.
24:04
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
24:08
Speaker 2: solution to today's trying times. For the latest, go to
24:12
Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,