Latest / Winning With Winans! / Dr. Aury Nagy joins host Ken Winans to on this weeks upisode of Winning with Winans

Transcript

Dr. Aury Nagy joins host Ken Winans to on this weeks upisode of Winning with Winans · Winning With Winans!

• Speaker 2: Well guess it's another time for an episode of Winning with Winans. Let's go. And welcome to Winning with Winans, Las Vegas newest and coolest financial show. I'm your host Ken Winans. And for those of you who do not know me yet, I've been a nationwide financial commentator for radio and Forbes magazine for the last 25 years. Yes, I've seen a lot of ups and downs. And I think I, you know, what I would tell you is I never think things are identical, but history does find a way of repeating itself. But with that, I also founded a successful investment management firm in 1992. Today, Wyndon's Investments is the only Morningstar top-ranked money manager based in Las Vegas. And I dare say, based on the ratings that came out for the first quarter of this year, we're number one in Nevada. I'm very proud of that fact. Listen, for the next hour, we're gonna be covering a lot of important current events, and especially with what's coming up in the future that could affect your investments. Now, I'm a news junkie. I follow nine different publications. every week, try to find as much information as you can. And you know, it's always funny to find those kernels of information that are off in some side section of a publication or a website, but are critically important. But at the end of the day, we want to look at the big picture items that will affect stocks, bonds, real estate, commodities, and even cryptocurrencies. So winning with winance is different. In mainstream media, covers the day-to-day happenings. You're kind of jumping all over the place. I wanna take all those little dots and connect them so the important issues facing investors can be basically brought to your attention so you get ready and bottom line, make some money. So listen, this last week, well, look at the ticker, tells you everything. Green, green, green. April is finishing on a very strong. We call it climbing a wall of worry. One third of the S &P 500 companies have posted their earnings. They were supposed to be doom and gloom. The tariffs were going to just kill the financials of these companies. Not true. In fact, very little tariff talk during as the companies were reporting their numbers. Now, let's also realize, you know, one month doesn't make a year and earnings season does have a tendency to drag on now. I noticed this in the post COVID years, ⁓ earnings can go on for almost a month, companies just take their time. But the other big thing that was in the spotlight is Apple CEO, Tim Cook is going to be stepping down as chairman of Apple. And there's been a lot of talk yet again about executive pay. Tim Cook is supposedly in total compensation is walking out with a couple billion dollars. Now I'm a capitalist. I believe that companies should have the right to pay their CEOs and their top talent, whatever the going rate is. But again, there's just a lot of talk yet again about what is the best way to incentivize CEOs. Now in economic news, we have to talk about it. mean, you know, certainly I was shocked as everybody else over last weekend with the attempted presidential assassination. But we have to also, and I get asked this all the time because I've written three financial history books. And sadly, I've had to cover presidential attempted assassinations and assassinations. What I can tell you is, sadly, however we want to try to say the stock market should be more moral, but markets bounce back, folks. They always seem to, whether it's earthquakes, presidential assassinations, any kind of tragedies, the market's typically We'll have an initial shock and pullback. Thank goodness on Monday, the markets basically held their own and everything was under control. The other big piece of news that's coming out is we are going to have a change at the Federal Reserve. Now let's also understand this is normal. I've had people ask me, why was J-PAL pushed out? He wasn't pushed out. His term came to an end. They have six year terms. Kevin Warsh, who is the new appointee who it looks like the Senate is going to confirm him. ⁓ He has wanted this job for a very long time. J-PAL will actually stay in the Federal Reserve hierarchy. it's not, people trying to read something sinister or political into this thing, not at all the case. What I would tell you is this, again, historical comparisons. The Federal Reserve plays a very important role in interest rate influences, also, the what we call money supply, the expansion and contraction in the money supply in the nation is ran by our central bank, better known as the Federal Reserve. ⁓ I do think we're in, if I have to make a guess, I do think that Chairman Warsh, at least pro tem, will be more ⁓ in tune with ⁓ Secretary Bessette. when it comes to integrating financial policies between the Treasury Department and the Federal Reserve. I see that as a net positive. I think having dissension between those two very important groups doesn't help us in the long-term. And hopefully the Federal Reserve's new $2 billion headquarters is gonna be a magnificent palace. Let's hopefully they get that done too. Okay, other big thing. We mentioned tariffs a moment ago. I just wanna say the other big thing now, tariff refunds. The Supreme Court did strike down some of the tariffs that the Trump administration had put in place. We'll see how that all plays out. At the end of the day, I do think that we're going to have some tariffs on the books. It certainly did reformulate trade policy around the world. But as I just mentioned, it did not seem to affect American corporations' ability to make money. When you throw tariffs, you throw the war, you throw all the political stuff going on. And you know, line is the companies are doing well. Now, the shocking news that actually of all the news that I covered this week, the news that caught me the most by surprise was the UAE is leaving OPEC. Now, OPEC stands for the oil producing exporting countries of the world. Anybody who knows history knows that OPEC was a big part of the problem in the 1970s with the Arab oil embargo. Well, with UAE leaving, you can argue now that there's going to be more independence. Now, this is my guess. Venezuela was a founding member of OPEC. I will bet, excuse the pun, not supposed to. Well, it is Vegas, we can bet here. I think Venezuela is leaving next. So I think that we're going to find now that we are an oil producing exporting country. UAE, who's one of our allies, and then obviously our closer ties with Venezuela, I think you're going to have a complete shakeup in the energy complex around the world, and no one group is going to control the show. So we'll see what happens. By the way, while we're talking about betting, ⁓ there's been an awful lot of talk in the paper about these new prediction markets, especially with what happened with the soldier supposedly profiting ⁓ on what happened in Venezuela. You know, I get asked a lot about this stuff and ⁓ I am concerned that these kind of predicting markets, I mean, when you start trying to use this to predict political outcomes, ⁓ you know, I dare say anybody betting on the demise of a politician, I'm going to get very concerned about these things. And I'm not a big fan of government regulation, but I do think there has to be consequences if things are put in place in the free markets and something bad happens. ⁓ You know, another, two other little quick little points. ⁓ One, I was very surprised to hear that the rare art market, usually when the stock market's going straight up, rare art, I'm talking about, you know, those paintings, a lot of those museum caliber type things, they take off. Not the case this time. Now I have a theory on it. And I think it's tied to what we're hearing over and over again about insurance issues. in areas where they have natural disasters. Honestly, art, I'm a collector of space artifacts. I've had a collection for a very long time. Collecting is expensive and ensuring collections is expensive. And I actually think that when you're talking about Florida or California or, you know, Texas, wherever you have disasters that hit, you know, as we all know that Nevada doesn't really have much of the way of disasters. We have heat in the summer. And that's about it. But the point being, I think a lot of the insurance companies are saying, you know, we're just going to not, we're going to be more hesitant on ensuring these rare art collections in disaster zones. And also too, art has gotten very, very expensive. Funny story. Believe it or not. Now we all know the penny is officially gone. Well, rumor has it the nickel is next. I guess the, the U S men has said, as it was with the penny. Speaker 1: Okay. Speaker 2: It costs more to make a nickel than it than five cents. And we all know that that's happening with what's going on right now in the world with commodity prices. But, you know, again, I noticed that when I go shopping, you know, they're still using pennies to give change. And I've noticed a couple of times that I've gone into places and they have to go run to find some pennies. I think it's going to become problematic, especially if we now have the nickel gone. It's going to make business, especially the retail center or restaurants. is going to be very, very tough. And living in Las Vegas, those pennies and nickels still count here. We should all be aware that a lot of companies, their margins are very, very thin. So listen, we're going to take a very quick break to hear from our sponsors, Winans Investments and Winans Commodities. And we will be right back to Winning with Winans. This is your host, Ken Winans. Hi, this is Ken Winans, host of Winning with Winans. And before I started the Morningstar top ranked and money management firm, Winans Investments, I worked on the floor of the Chicago Mercantile Exchange with commodity traders. And yes, I actually know what those crazy hand signs mean that you see on television. I am sure you've heard all about the eye popping advances in gold and oil prices, but did you know that physical commodities like cattle, soybeans and copper have had powerful rallies? far outpacing the stock market so far in the last 12 months. If this is news to you, you are not alone. Sadly, most wealth managers are employees of large financial institutions and are limited on the investment choices they can offer their clients, including commodities. Wynans Commodities is one of the only registered commodity trading advisors based in southern Nevada, founded in 2021, 100 % independent and veteran owned. While commodities trading is not for everyone, it is a time-tested way to enhance your returns during uncertain times. Call us to find out more about how commodities can fit into your current portfolio. Give Wyndon's a try. You will not regret it. Win with Wyndon's Commodities. And welcome back to Winning with One. It's Las Vegas newest and coolest financial show. Yes, I'm a finance guy who wears a cowboy hat, but I do it because I did grow up in the country. I do hunt. I do ride horses. This is not just a gimmick. But listen, I'm really just very excited about our next guest who we literally met this last weekend listening to a great speech from Fox commentator Laura Ingraham. So Ari Negi, I just wanted to thank you for joining the show today. Speaker 1: Thanks for having me. I'm excited. Speaker 2: Oh, no, this is great. you know, I knew immediately when we met that we were going to get together here, whether we like it or we're probably gonna become good friends. So for those of you who might not know, this brave soul, this amazing neurosurgeon is running for the Nevada Third District Congressional seat currently being held by Congresswoman Suzy Lee. So why are you doing it? Speaker 1: Absolutely. I'm looking forward to it. Speaker 2: You've got a great family, you have a great business structure. Speaker 1: been watching healthcare deteriorate over the last 20 years in our country. I've seen too many of my patients who have to choose between their medications or rent or food. I've seen too many people who are crushed under gigantic hospital bills and driven into bankruptcy. I've seen people who've had their healthcare denied after paying premiums faithfully year after year. These giant corporations who take control of healthcare and they have twisted the laws to prevent competition. And now the laws are so heavily in favor of these gigantic companies that people no longer have rights. They're profiting on the pain, death and suffering of the people in my community and it's hard to watch anymore. Speaker 2: Now they usually beat up on the insurance companies by themselves, but is that really fair? Would you say it's really a, I don't want to say a conspiracy, but it goes right up the chain with pharmaceutical companies, medical distribution companies? Would you agree with that? Speaker 1: I mean, in a capitalist economy, everybody's going to try to make a dollar. But what's happened with the insurance companies is they've spent a tremendous amount of time rigging. You may as well have the pharmaceutical companies. We saw that during COVID, right? We saw where there was a vaccine that everybody in the country was forced to take. There were medications that could have saved lives if people were denied. And yet the profit incentives in this country were able to push forward these mandates that forced, that took away people's liberty because you weren't, if you had to wear a mask and you to get vaccinated if you wanted to keep your job. And so they took away your choice, your liberty. There were drugs that you could have taken, they could have saved the lives of you or your friends or your neighbors and our loved ones. So they took away life. And they prevented people from going to visit their loved ones in the hospital or from going to their churches, from going to concerts, they took away the pursuit of happiness. So when your government takes away your life, liberty and the pursuit of happiness, Declaration of Independence goes to lengths to define what a tyranny is. There were people in our country who turned the levers of our government to create a tyranny here in America. And those people should never be allowed to get near the levers of power again. Speaker 2: Well, and sad to say, in some states, it's still that way. I mean, I moved from California three years ago. I was there during COVID and trying to operate a business there. I mean, the mandates were draconian. They were absolutely, you will do this or we will shut you down. I mean, it was just crazy. Speaker 1: Well, they shut down the whole strip, hundreds of thousands of people are out of work here. There are plenty of people who committed suicide. there were, you know, we, ⁓ during that period of time, ⁓ when the strip was shut down, ⁓ February through May, we found a generic drug that was that we thought would save lives. And it took until September for me to convince any doctor to try it. They started trying it over at Centennial Hills Hospital. And by October, they were using it on all of their patients by November. The docs who were using it called me and said, hey, Orie, you need to write this up. This is a big deal. So I said, give me your data. They gave me their data on December 10th. I scrambled to finish a paper in 15 days because by the 25th, I wanted to say, we'd cured COVID for Christmas. And we had 77 patients in the treated group. We compared them to 44 in the untreated group. We had a 60 % reduction in mortality, a 37 % reduction like the hospital state. So two out of every three people who died from COVID might have survived had they received this generic drug. So we submitted that paper on Christmas Day to the Clark County Medical Society. I got attacked the next day by the Dean of the Medical. He started to attack us for it said it was done ethically. was according to all rules we did obeyed said it wasn't statistically valid. He was the wrong tool. He was wrong about that. Then he went around the city telling everybody he was at war with me. And I was like, who's this guy? I don't know. I've never met this guy. I didn't know who he was. And it was just it was bizarre that rather than take that position rather than take the position. Speaker 2: school. Speaker 1: that, hey, there's a signal here, this might be beneficial, we should do a bigger study and design something and see if we can help people. I don't understand how he couldn't have come to that conclusion to just find out. But he was so heavily invested in swallowing the lies that were being spun out by our government. And it ⁓ cost thousands of people here in Nevada their lives. When we tried to take the same drug to ⁓ UMC hospital, ⁓ I said, looks like two out of every three people survived. Would you guys like to try this? can duplicate the study here in a more formal way. And in a 45 minute meeting with the CEO, the CFO, the head of infectious disease, and their attorney, they asked me nine times, yeah, okay, that's great. It saves lives, but who's gonna pay for the study? And I was like, no, no, no. You guys are the charity hospital here. You guys have been running in the red for a generation. It's not about how much money you're gonna make. Just give the drug to five people, you'll see that it works, and then we'll run. And they said, no, no, but who's gonna pay? And I didn't find out until years later. how much money all the people involved were making. The bonuses, I think, for the CEO and the CF were dependent on the profitability of the hospital. The hospitals made so much money on this and the doctors who were prescribing remdesivir on the studies were making so much money, they didn't want to see anything else being utilized. And, we took the science that we had, represented it to the NIH and to the FDA and to BARDA, tried to get the drug relabeled in combination with another generic. And we took the science to a guy, Lawrence Steinman. Nobody over there could punch a hole in our science. We were bulletproof because the science was excellent. Brightest guy in the country to vouch for us was a guy, Lawrence Steinman. He was the former chairman of the Department of Immunology at Stanford. And he reviewed us on behalf of a company that was looking to invest in the product. And he said, yeah, your science is good. I said, well, would you say that publicly? He said, no way. And I asked him why. said, well, because Anthony Fauci is the head of the NIH. And ⁓ if we do something that opposes him, he can defund all of the programs at Stanford. And then I'll be out of a job, my grad students will be out of a job, and most of the people in the department will be in trouble. Speaker 2: So, ultimately politics entered the fray in a very big way. Now, I'm just curious, since we're gonna talk about the third district and the representation, what were our politicians doing during this? Were any of them willing to stick their head out of the foxhole and say, hey, we need to be different here, we need to be independent? Speaker 1: I tried to reach out to all these people. I had been a Democrat forever and I had supported so many of these people in their campaigns. And I went out to them to try to talk to them about this. was like, hey, we have something. It will save lives. It'll reopen the strip. It'll put people back to the work. We could kind of end this pandemic here in Las Vegas and get back to business as usual. And none of them wanted to listen, want to take a meeting. They'd have events. I'd donate. I'd go to the event. And they just closed ears, closed mouths. And I just got disgusted. That's when I left the Democratic Party. I became an independent at that time. Speaker 2: You're one of the top doctors in this valley and you're telling me that our elected officials would not listen to you. They wouldn't even consider the possibility that there's something here. You know, we'll get into the election soon, something I went to the legislative session last year for Carson City and I've always moving here. I one thing I've always loved about Nevada was it always had been different than the other states in the area. This is a Western Basin state. Those state lines matter. But what I noticed was when I went as a non-paid lobbyist. I wanted to go up there and participate. But I was very, very clear that there were groups outside of our state working to try to push their agenda on us because we are a swing state. I don't want to say we're vulnerable, but we always need to be, I think, cognizant that whether it's medicine, economics or just general politics that I hate to say it our powerful neighbor to the West especially is going to try to meddle in our affairs which comes up with the election coming up this is a big deal would you agree I mean we're at the stakes are high Speaker 1: It absolutely is. There's a tremendous amount at stake in this election cycle. think if they don't have a get a Republican House the next election cycle every week, they're going to try and impeach the president for something new. He's not going to be able to get anything done. Our country will be paralyzed and they will be able to fight enough productive policies in our country that they'll be that our country will fail. They'll intentionally try to make our country fail so that they can get a Democrat in the presidency. And if that happens, I think our country is in terrible shape. Tremendous amount of more fraud. will come into our country. They'll probably try to put in Gavin Newsom, who's built a state out of fraud. Did you see what they did to this poor kid, Nick Shirley? Speaker 2: ⁓ yeah, no, they're attacking him even though he should be given a medal. Speaker 1: Absolutely. He's over there. He's exposing all of this fraud. So what happens is, the government grants are given to people and then the people who get their grants are making so much money, they donate that money to the politicians and then the politicians protect them. So they're protecting the crime. And now that Nick Shirley is over there exposing it, instead of passing laws to stop the crime from happening, they're passing laws to prevent him from exposing it. It's absolutely nuts. And that's the man the Democratic Party is going to want to run in the general election for the our as our next president. And if they get control, it is curtains for the United States. Speaker 2: for our future. We're going to be in very bad shape. Speaker 1: Open the borders back up. They will let all the illegal immigrants come back in. They will set up the sanctuary cities again. All of the district attorneys are going to start to promote lawlessness again in our country so that things are so disrupted in our country, so chaotic, no one will notice when they're stealing billions of dollars in fraud. It's a terrible, terrible system. mean, Trump has come under a lot of attack because he's stopping a lot of people from being on this gravy train. There's billions of dollars being stolen and he's starting to hold people accountable. Speaker 2: Thanks Well, no one likes to have it put in front of their face. You know, it's funny, when I talk to people, in my line of work, I have clients in California here all over. But I've told several people, again, that state line matters. And I said, let me tell you the big difference between us. I am a citizen in a free state where in the last congressional race, Suzy Lee, in a race of 400,000 people, won by 10,000 votes. That matters. Here the pendulum works. In California, we know the story, one party rule, I said, you folks are subjects. And if you ever get in their way, God help you. mean, they will come after you. And their tax system, all of it, it is sad. I mean, you hate to see a place with such a promise fall apart. But, you I would raise ⁓ you as a congressman, the thing that's going to be so interesting, is that here our state is blossoming as a powerhouse. when you think about the possibility of us becoming a financial center. Imagine that. That changes the whole tax picture here. People worry about, we have to put on tax. No, are you kidding? With all those new businesses coming here. Actually, I have to tell you a funny story. Some of the gaming people are worried about this diversification. Really? Well, think about this. When you have a bull market in stocks, who likes to gamble? Speaker 1: started with. Speaker 2: The traders, the Wall Street guys, the bond guys, the commodity guys, they love to gamble. They said, you guys are going to make more money than you ever made before. Go ask the guys in Atlantic City what Wall Street was prevalent. But I do think if you don't mind me, I want to jump into the race here a little bit. looking at what happened in 2024 when Drew Johnson, who right now is running for state treasurer, he's trying to do another bite of the apple. I mean, I think she was vulnerable then. Speaker 1: That's absolutely true. Speaker 2: But if we're correct about all these California Republicans migrating to Nevada, do you think that's enough to really flip things? Speaker 1: You know, I would hope so. I would hope so. I think Drew was he'd worked for the Heritage Foundation. He was a very strong conservative. ⁓ But I don't think in the general election, he was able to move enough of the people in the middle to win the election. And I think I think that's what it's going to come down to. I think this election is going to pretty close. We we do have more Republicans moving in, but a lot of people are are very ⁓ the president's polling numbers are coming down and and the war in Iran is not popular with everybody. And it is going to be a very close election. I think I have an advantage over the other candidates who are running in this election. I have lot of deep roots here in Nevada, been here a long time and a of other candidates don't. And I think, and I've spent a lot of time building a nonpartisan group in the healthcare space. Over last three years, I have been welding together a coalition of the 150,000 people who work in healthcare in our state. That's 5 % of our state's population. And I figure if they all have a significant other, that's 10%. If they have one friend who cares about improving healthcare, that's 20%. If only half the people show up to vote in election cycle, that's 40 % of the electorate. 40 % of electorate, we can get anybody elected anything. So we were meeting regularly for the last couple of years and creating policies that could immediately improve healthcare in our state. We bound them together. I got registered as a lobbyist. And we started out calling ourselves a scrubs party because we all were scrubs. But after a couple of months, people decided they didn't want to be scrubs because scrubs can't get no love. Speaker 2: Well, you think it's one of these bushes on the finger, they have a sagebrush. Yeah. scrub blowing to a tumbleweed, so to speak. I just realized, Ari, I committed an unforgivable sin. I let my clock run over. So everybody, we're going take a quick break to hear from our sponsors. And we'll be back with Dr. Negi to hear more about his run for Congress. We'll be right back. This is Ken Winans, host of Winning with Winans. In 1992, I left a successful career with Merrill Lynch and started Winans Investments with just seven clients. Everybody thought I was nuts, including my own dad. Well, the gamble did pay off. Today, Winans Investments is the only Morningstar top ranked invest manager based in Southern Nevada. If you are a CFP professional looking for investment management to provide your clients with performance, Subadvisory can be a better choice than ETFs. Winans Investment has five strategies with various asset allocations approved on Schwab's extensive self-advisory platform. It's easy to think all investment managers and financial products are the same. Not true. Give Winans a try. You and your clients will not forget it. Win with Winans Investments. And welcome back to Winning with One is Las Vegas' newest and coolest financial and political show. Now you might laugh about that, but why is it important? Hey, economics and politics go together. And my guest, a man who's a business person, a doctor, he has decided to run for Congress. Dr. Ari Negi, thank you again. We can't thank you enough for being on the show. Speaker 1: I'm excited to have a platform to let people hear about me and get to know me if I'm going to earn their vote. Speaker 2: So now, has there been a lot of attacks on you? Are people coming after you at all? Speaker 1: I mean, people are upset that I used to be a Democrat. think that's the biggest sin that I have is that, you know, I wasn't born Republican. But at some point, you know, like Ronald Reagan and like Donald Trump, I had my eyes open to the truth and realized, you know, the sun is a little bit brighter on the Republican side. Speaker 2: Doctors are Democrats. mean, I noticed that it seems like maybe just at a medical school. I'm not real sure it's Speaker 1: I think when you're young, you and you're still hopeful and you still believe a lot of the things that you're taught and you haven't seen as much corruption. But then when you see where you just sort of have your government let you down over and over and over again, you start to realize that it really is just on us to solve the problems ourselves. And if we're going to have a better government, we have to get involved. We have to get out there and vote. We have to participate. We have to run for office. And it... ⁓ And now, know, now that we're at the age where we are the seniors, the elders in the society, right? This is another reason I decided to run was ⁓ that that kid Luigi Mangione. Yeah. You know, that young confused man shot the allegedly shot the CEO of United Health Care in the back and threw away a bright future that he could have had otherwise. And and, know, I have to assume that he did that because his elders hadn't solved these problems for him and he thought this is the only way to hold these people accountable. But, you know, I've got a degree in economics from Yale. I've been in healthcare my whole life paying attention to these issues. I know what to do to solve this problem. But I had a very comfortable life and, things, you know, I'm a neurosurgeon. I've gotten to take care of thousands of people and help people walk and save lives. But when I saw that, I thought, you know, what am I going to leave the problem to my kids? And I just became deeply ashamed. And so I thought, you know, this is something I have the ability to solve for the people in my community and I should. Speaker 2: Well, I'll add this, and if you don't mind, I'd like to talk about some of my observations and tell me if you agree or not with the power that this state has being that swing state and the fact that we are blossoming in so many injuries, including healthcare. I do want to say one thing real quick. I love how they always like to beat up on Nevada's healthcare. I had a very severe leg injury last year. I had the greatest experience in the hospital, my doctors, my nurses, the equipment was new, my bed was new. And I said, you know, maybe what you're talking about was 10 or 15 years ago, but our problems with medicine in Vegas, because we're growing so fast, we need more doctors and nurses and those things. It's not a declining situation, but the quality of service, doctor, I have to tell you the quality I had fantastic. I know I was very, happy. And you know, my Speaker 1: excited to hear that. Speaker 2: My surgeon was a Navy surgeon. He decided to stay here after his service. I mean, it's a typical thing. But I mentioned before we started airing here that every year I go back to the Vegas Chamber of Commerce DC fly-in and we get unfettered access to all the federal bureaucracies. Let's face it, they're trying to kiss up. You know, you've got some of the biggest business leaders in Vegas showing up. It's a great chance to talk to them. But the reason I'm bringing this up, because I find it very funny. that all four of our and many people don't know Nevada only has four congressmen. That's right. Even though we might pick up a fifth one if our population keeps swinging. Okay. That's what I heard. That'd be great for a state. Well, especially if it's a California woman. Wouldn't that be funny? We pick up a, they lose a California Democrat and we gain a Nevada Republican. Speaker 1: Picking up almost 30,000 people a year. Speaker 2: ⁓ it's crazy how much we're growing on both sides. But almost all of them, and I'm talking about Deontidus, Horsford, Susie Lee, all, ⁓ no, Nevada comes first. This was predominantly a, I wouldn't say a Republican group, but this was a business group and certainly we're curious about what was coming in. But yet when pushed about this Nevada first, we crossed the aisle bipartisan, the facts weren't there. And would you agree with that, there's a lot of talk about bipartisanship, but when the truth, when the rubber meets the road, it's really not there? Speaker 1: I think I was paying attention to what Susie Lee was doing during that period of time during the opportunity that she had to vote in favor of the no taxes on tips, no tax on social security, no taxes on overtime. And I thought if 25 % of the people in her district make their money on tips and 25 % of the people live on social security and more than 25 % of the people have the opportunity to make money on overtime. How does she not stand up and vote for that bill and represent those people? who does she represent? I mean, it can only be the lobbyists or the special interest groups because that was clearly a bill that would have helped the majority of the people in her district if she's not representing us who's she representing? Speaker 2: Well, and I would add to I'm not I'm not into conspiracy theories, but Gavin Newsom does make a lot of trips to Nevada to meet with Democrats in the state. And I'm just left to conclude that there's that there's some sway there. Yeah. What happens? I can't prove it, but I believe it's probably the case. Speaker 1: I think there's a lot of desire to stay together as a party rather than to try to do what's best for our state. I think Susie Lee has been in Congress long enough. If she was going to do something useful, she would have done it by now. And I don't see her standing up for Nevadans. I mean, honestly, I think of her as sitting down Susie. When the president had his State of the Union address, Susie Lee didn't stand up when the president said that laws in America should be for Americans before they're in favor of illegal immigrants. That seems like a very obvious thing. She didn't stand up for the Olympic champion hockey team that had two of the golden knights on that team. She didn't stand up for it. We didn't see her stand up for the veterans who were being honored by our president for their heroic service and numerous different events. Suzy Lee did not stand up for the people of this community. She stayed sitting down so that she could support her party and she could help them hate on the president of the United States. who has fought off now at four, has had four attempts on his life. They've gone after his freedom, his family, his fortune, and that man has put a lot at risk to do the best that he can to help our country when we desperately need his help. I think it's incredibly disrespectful to ⁓ not represent our state, to not help the people of our community. Speaker 2: out. Another part that I would add, because I've done quite a bit on the state level, I find that the Republicans and Democrats that are at that level, they actually talk to each other. They negotiate with each other. They're not too far apart. In fact, we had Joe Dalia, who's running for treasurer here. And he and I were talking about, I said, I don't see where we're different. I mean, we're talking about just general economic things, taxes, government efficiency. But then it seems like when they get to the federal level and they're back in DC too much, they get into that bubble. And something happens to him. don't know. you? Speaker 1: There's a tremendous amount of crime. There's a tremendous amount of theft in our government. think Scott Bessent was saying there's about a trillion dollars worth of theft if we could get rid of the fraud that would get us halfway to balancing the budget. It's a huge amount of money. And you see an example of what was going on in Minnesota, like Nick Shirley exposed, wherein the fraud happens, the criminals who perpetrate the fraud then use that money to donate to politicians so they can continue to be in power, so they continue to protect the criminals. And it's this endless cycle. and like that have been happening here in Nevada too. With the federally qualified health centers, ⁓ I ⁓ got a grant to operate a federally qualified health center, and the first thing that people did from the federal government is they said, well, we're going to come down, we're going to provide you with the funds as part of the grant, but you have to hire us as consultants to make sure you're spending the money right. I said, well, isn't that a conflict of interest? Obviously, it's a conflict of interest. That was the last polite conversation we had. Apparently, they wanted me to give them that money so they could send kickbacks all the way back up to Washington. And the people in Washington got incredibly upset when I wasn't going to bribe them to continue to operate the thing. So they trumped up charges against me and they accused us of moving money around in an inappropriate way. Completely fraudulent charges. And so I went to a criminal attorney. said, yeah, well, that's a 10-year felony. And so, you know, the best thing for you to do is to just walk away, let them do what they want, they'll drop the charges and that'll be the end of it. And I says, yeah, I know. I went to the FBI the next morning at 6 a.m. and I said, look, this is a racketeering operation going on in every single city in this entire country. And these people are siphoning millions of dollars out of our government. And you need to go and break every one of these institutions and you need to chase it all the way back to D.C. But I would stop when you get to the congressmen who are assisting with this. Because if you've seen that movie American Hustle, know what happens to FBI agents who go after the congressman. So two weeks later, the OIG dropped the issue against me because I was 100 % right. I hadn't done anything wrong and they didn't want me testifying in front of a federal judge because they had no explanation for their fraud. It's baked into the system. Politicians are part of it. This is why the voter ID laws are so important. Speaker 2: No, it didn't. Speaker 1: It's very likely that they have been collaborating to bring illegal immigrants into our communities so that they can spin up votes on their behalf and tilt elections in their favor. And if we get these voter ID laws in place, we will start to have safe and secure elections and you will see a red wave take over this country. But it's extremely important we get that done at the federal level. Speaker 2: Absolutely. Well, and I'll add to that, I think it's pretty funny that you need an ID to hop on an airplane, or if you're going to go to the Republican National Convention or the Democratic National Convention, you need an ID, but no, we don't want IDs when we vote. We're almost out of time. So if people want to get a hold of you and they want to contribute, and by the way, you have my vote. I'm officially going to endorse you right here. And if I can help you with financial services, I'd be happy to help. anyway, how did they get a hold of you? Speaker 1: Check us out at Nagy for Congress. NagyforCongress.com is website. Nagy for Congress on Instagram and social media. And on the website, can see my cell number and call me anytime. Speaker 2: All right, thank you for coming on the show. Appreciate it. And we'll be right back with Winning with Winans on the last segment about crazy stuff going on in California. You can't make this up. We'll be right back. This is Ken Winans, host of Winning with Winans. I want to take a moment of your time to discuss the right way to select an investment advisor. I know it can be confusing and easy to think all investment advisors are the same. Simply not true. Sadly, most wealth managers are employees of large financial institution that are actually limited in the choices they can offer their clients. Today, Winans Investments is the only Morningstar top ranked investment manager based in Southern Nevada. Founded in 1992, 100 % independent and veteran owned. Wyndon's offers a wide array of investment choices coupled with complimentary financial planning. Not to mention outstanding customer service. Give Wyndon's a try, you won't regret it. Win with Wyndon's investments. Hey everybody, this is Ken Winans on Winning with Winans. And guess what? We have another one of our famous bonus sections. Ari Nagy has agreed to stay to answer some of your questions just for our podcast. So Ari, let's talk about Laura Ingraham's talk to the Nevada Policy Group that you and I, where we met. I was blown away personally. I thought she, you know, considering what happened that day with the president, I thought she was very compelling. Speaker 1: Yeah, she was very composed in the face of that. And she was able to sort of weave it into her story. And, you know, she does such a great job of articulating Republican positions in ⁓ a way that's, know, factually based and that reiterates just how much common sense is in the basic platforms of the Republican Party. Speaker 2: I agree. Well, and she and you know, she's now she's very direct. Yes, she does not pull punches. She knows she's very much a lawyer. You can see that. I would never have wanted to take her in a trial. I could imagine she would have just shoot him up. But I do find it funny that ⁓ there were some people in the audience who were Democrats. And I, you know, here we just had this shooting and some of them just cannot acknowledge where there's smoke, there's fire. How is it that this is now repeatedly happening? And I dare say if this had happened to Joe Biden or Barack Obama, there would have been hell to pay and a lot of accusations. So I just don't understand why there's this disconnect with these people. Speaker 1: Yeah, I... ⁓ I think it's because there's so much corruption. I think there are so many people who know that they are getting money illicitly from our government through inappropriate grants or through back alley channels. And now they are being exposed or they're a threat of being exposed. The gravy train is going to get cut off and they will do anything and bend any moral or any principle. There's no longer any attachment to the truth. There's just this desperate grasp for money to continue their graft. I don't know you've ever had an employee who was stealing But there's no one who complains more loudly about their innocence and about how they've been wronged than the employee who's been doing something wrong. Speaker 2: You know, it's funny, I mentioned that I do have a... You know, the squeaky wheel. I also make the analogy, it's a bit when you go hunting, there's nothing more dangerous than a wounded animal, especially a big one. And if you are looking at, know, especially, you know, the California ⁓ Democratic Party facing, you know, California, one of my Forbes article, I had a very compelling case, it could go bankrupt. Speaker 1: And the person who's been stealing from you, the Mephisto. That's exactly. Speaker 2: You got $1.9 trillion of unfunded liabilities. You can brag about being the fourth biggest economy in the world, which by the way, I those numbers are nonsense. But you don't print money. You're not a government. You print debt, but you can't print. There's no way to pay this off. And you're losing three to 5 % of your employers every year. This is this but my point is, if you are really the center of the cow of the American socialist efforts, ⁓ it's yeah, you can see it could get a lot wackier. But with that being said, you don't mind me asking, I mean, clearly this was a family decision for you to run. Do you yourself have any concerns about your public safety? mean, if you don't mind me asking. Speaker 1: I do actually, that's a thing that I thought about. So that came up during COVID, when we had that drug that we thought was curing people, had people tell me that there's potential people who try to kill us. And particularly if we traveled outside of the country. But I thought, what else are we supposed to do? We can save, there's a million people who died because of this disease, apparently in our country. And if we could have saved a lot of those people, that's a risk you take, right? And I mean, you look at the president and what he's put at stake to be part of this. And honestly, know, one of the things I thought about was ⁓ that gentleman who ⁓ played football for the Arizona Cardinals. ⁓ Tillman. And when 9-11 happened, he said, yeah, I could go and have this comfortable life playing football, but a big, strong guy like me, what my country needs most for me is to serve in a capacity where I can use my skills to the best. And I kind of felt that way with what I'm doing. I understand the economics of this. I understand the healthcare of this. And I fought a lot of tough fights against government, against bureaucracies, against recalcitrant bureaucrats. And so I know what to do, how to do it, and how to apply pressure in ways that they will bend and break. And so for me to not step in and at least attempt to right the situation would be a failure. in an act of cowardice and I would feel ashamed for rest of my life. Speaker 2: Well, thank you for doing it. mean, you know, it's funny, I'm a veteran. I always get to say thank you for your service. But I would argue that anybody running a public office, thank you for your service. I mean, you don't have to do it. You're not doing it for the money. You're not doing it. I mean, it's just very clear what's going on. Well, listen, we have some questions that we want to run by here. Well, I mean, we probably already covered quite a few of these. But what motivated you to run for Congress? And what are the key issues driving your campaign? Well, obviously, health care is one of them. Speaker 1: Absolutely. think we can fix it. think we can save, I think we can cut healthcare costs by about a third in the country, both on prescription drug prices and on insurance premiums. And I think that'll go a long way to dealing with affordability in the country. If we can return, right now there's about 10 % of gross domestic product being siphoned out and unnecessary expenditures to these insurance companies. We can keep that money within the states recirculating with our economy. Everybody will feel like they have more money, they'll be more in the banks, interest rates will fall, there'll be more new businesses starting, be more homeownership, there'll be more property developments. the engine the country's running on jet fuel. Speaker 2: So you're a closet classic economist. I love it. I am as well. So it works. That's why. know, didn't talk about it, but you know, most people don't realize, I mean, again, we are a huge military and veteran community. We have a lot of VA hospitals here. You know, VA medicine, we're trying to write that ship as well. So as a congressman, you'd have to be able to directly influence a lot of people in Nevada. Speaker 1: You know, in particular, veterans' mental health is a big deal for me. A long time ago, I bought a trans-cranial magnetic stimulation device and we bought it for a specific kind of surgery that we do and I was using it for planning for that and somebody told me that it could treat depression and I was like, can not really, could it really? But we tried it on a couple of people and we started having positive results and when we really rigorously set out to it, we had a 95 % success rate treating depression. And it was also about 60 % effective with PTSD. So we started to see a lot of the veterans. We're the only institution outside of the military here in Las Vegas that had one of these. And we treated a lot of people. And I was very proud to be able to service that community. Right now we're working on a project to spin up psilocybin treatments for PTSD. And I was just talking this morning with a colleague of mine who's got a formulation that we're going to try and get an IRB approval for. And fingers crossed, you know, the president just ⁓ decided that we're going to focus efforts in the federal government to try to start to treat this disease. you know, it's hard to see, you homeless veterans out on the streets. And we're sending all this money everywhere all over the world. And when we haven't taken care of these people who've done so much for our country, first. Speaker 2: It's such an interesting thing about when people ask me all the time about what do you notice the biggest difference between Nevada, Las Vegas, and where I came from. Number one, huge number of people who are served in the military. mean, just a large number of vets and then a large number people who go to church. I know you're also a man of faith, as I am. again, people here are cordial. They get along with each other. Even in the of COVID, know, Mandalay Bay shootings. mean, people came together here and you notice it very quickly compared to other places. But all right. What do you believe are the most urgent challenges facing Nevada right now? That's a big tally. Speaker 1: Well, mean, for me, what I see is I see things through the lens of healthcare. I see us among the worst in the country in that regard. I think the insurance companies are crushing the lifeblood out of our nation. They're profiting on the pain, death and suffering of human beings in our state. They're siphoning hundreds of millions of dollars out of our economy unnecessarily. had the, when America had the best healthcare in the world in the 1980s, it was 8 % of gross domestic product, today it's 18. and it's the worst health care of any developed country. Just what people said is what happened. They said when you put the government in charge of something, prices go up and quality goes down, and that's exactly what happened in health care. So we have to undo a lot of the things in Obamacare that made that possible. And we absolutely have a plan to affect that. ⁓ I think that will get the economy spending positively. And I also, ⁓ when I get to Washington, I want to focus on... ⁓ on energy, I want to do things that help Nevada to become energy independent. Right now we produce about 70 % of our own electricity here through solar and through geothermal. And as we spin that up, if we increase that capacity, we will be able to have a lower energy cost in other places in the country and that'll bring more industry to Nevada. That'll create more jobs and that will mean that the people here are better off than the rest of the country. So I'm excited about that. I think stopping the fentanyl crisis is a ⁓ huge, the work the president has done to shut down the fentanyl coming across the border has been phenomenal. But I think it is important to go after the cartels in Mexico to stop the people over there who continuing to try to smuggle children, smuggle illegal immigrants and to smuggle fentanyl into the country. think the fact that China is continuing to produce the fentanyl precursors ⁓ is a huge problem for us. think that because they know that more Americans have died due to fentanyl overdoses now. then have died in all of the wars since the Revolutionary War, all the wars combined. And they continue to produce it because they want Americans to die. They could stop it, they choose not to. They need to be stopped and they need to understand that taking American lives has consequences. Speaker 2: Well, weakening your enemy from within. And that's just sad but true. You know, it's funny when you talk to people about the difference, because we don't think much about the difference between Arizona and Nevada. know, Arizona clearly has terrible problems with their border problems and all that. But it's interesting, again, we have a governor who, you know, said, nope, it's not coming here. You know, he's an Army Ranger, former Clark County Sheriff. said, no, the cartels are not going to be operating in my state. We're going to deal with them handily. And if you think about it, you don't read much in the paper about the drug cartels' prevalence in Nevada compared to other places. At least that's my take on it. Speaker 1: It's true. was really proud when he was in power and they took down ⁓ the devices on the cell towers that the cartels had put up because they were running their own cell service. One of the ways that the cartels were able to evade ⁓ US efforts to contain them in South America was because they had run their own ⁓ cell networks over there and they had been so brazen as to do that here in our state as well. And I was very happy to see when he had those taken down and we started to remove their influence from our community. Speaker 2: It is actually kind of interesting to see just a very decisive leader who says, nope, we're going to keep this place safe. Speaker 1: And he's doing a great job as far as I can tell, keep making Nevada an inviting place for American businesses to come and set up shop. think we're competing well with Texas, Florida and Nevada, I think are the best places in the country right now to go and set up a new company to relocate the headquarters of your business. And while I'm in Washington, that's something I'm going to advertise the heck out of. These gigantic corporations need to come back to Nevada to set up their headquarters. Speaker 2: Ari, keep this in mind. We have no disasters. I mean, think of Texas, think of Florida. Come on. I we have no earthquakes, no hurricanes, no tornadoes, no maharas. We have heat. And that's a predictable thing. If you don't mind me ask, but the governor and lieutenant governor are both big about, and I think you've probably ran on this too, men and women's sports. Speaker 1: That's a fact. ⁓ yeah, that's ⁓ Speaker 2: As a doctor, are you getting any blowback from the medical industry in this area at all? I Nevada has taken such a pronounced step in this area. Speaker 1: Yeah, so I mean, we're I'm absolutely I think it's it's crazy that that we're that California is promoting ⁓ men playing in women's sports and you know, in beating up on on women and it's not safe to have that kind of competition. was proud of the stance that UNR took. to not play against the California team that had a man on it and was going to, you know, hurting the women that they were playing against. So men and women don't have any place in women's sports. Men don't have any place in women's bathrooms. We need to keep women safe from that kind of a threat they need that are protected in private spaces. ⁓ Speaker 2: It's wonderful that we can have this open discussion in a state where you can talk about it. If you and I were doing a podcast in California, we would not be allowed to discuss this. It is still such a prevalent, you you're just, there's hell to pay if you make a stand on this. Speaker 1: I think it just common sense. mean, we grew up, know, there's two lines, there's a boys line and a girls line, and they their own bathrooms, boys bathroom, girls bathroom, and it's just something you grew up with kind of understanding and knowing. And if there's a very tiny fraction of people ⁓ who are confused by that, well, we could help them and, we can help whatever issues they're coping with. But you don't bend the entire rest of society and create destructive and dangerous environments in order to try to help a very, very small fraction of our community. You know, one of the things that the left has done that has perverted our society terribly is they've ⁓ taken the position that the fastest way to move dialogue in their direction is to intentionally take positions that they don't really believe in. And one example of this is when I was in college, ⁓ So I was at Yale and it's a pretty left leaning campus, most of it. I was in fraternity, kind of isolated from all the smoke and turn like English majors. ⁓ But they used to hold candlelight vigils and ⁓ one week they're holding candlelight vigils because ⁓ they're protesting the fact that the hospital wouldn't pay for unlimited abortions. Speaker 2: it. Speaker 1: on the health plan for the women on campus. They would only pay for 28 abortions. Now it's not physically possible for a woman to get pregnant more than 28 times in a four year cycle, but they wanted an unlimited number of abortions and like how dare the college limit them. And I thought, you know, this is I didn't understand. This is most bizarre thing I heard. So that summer I was in DC and I met with one of the girls who had been protesting this movement and turned out she was like a reasonably sane person. And at the end of the summer, I was like, Hey, you know, you were protesting this. What were you doing? Cause you seem like an otherwise normal person. And she said, worry, do you not understand? said, I have no idea what you were doing. And she said, look, there's this thing called the Overton window and the Overton window is the range in which normal political discourse happens. So you take a bell curve, of people's opinions. Normally people on the right, know, slightly to the midline right, argue slightly to the midline left. They try to, you know, change each other's positions. This is where we normally talk. But the fastest way to change opinion, it's to take a position that's absolutely on the extreme that you totally don't believe in, but it forces the dialogue in that direction. And this is what the transgender movement is about. It's a bunch of academics trying to move mainstream opinion as far in their direction. as they can so that a lot of the other things that they want that are on the left on their agenda are no longer content just because you're trying to fight this absolutely bananas crazy thing. And so it's a completely disingenuous form of political discourse that has taken over this country. And unfortunately, when you are artificially arguing things like this from the academics, there are a lot of people who just believe hook, line and sinker the stories that they're creating and you see them mutilating their children. and the academics who continue to foam with these arguments in spite of knowing the harm that they're causing to our country. I that's a kind of evil. And they refuse to take responsibility for that or accept responsibility. And it's really awful what they're doing. Speaker 2: Well, and I know you know your history, your industry's history. I mean, what happened with medical or mental institutions back in the 50s and 60s with lobotomies. And then we look today and we're horrified by this. know, something you might find interesting that California is actually mandated. Now, they put it under the definition of a sexual harassment orientation exam. If you have more than five employees in California, you are required to take this. It's a two hour exam. Now I had to do this when I saw an office in California. So I had to take it when I had when I still met that I counted it. Twelve questions on bathroom issues. Well, yeah, twelve. Speaker 1: Why are they wasting your time ⁓ Speaker 2: It's DEI in Oregon, but it's California in my opinion, California took the attitude because I remember I have members of my family who are in this and I remember telling them again as a Christian I say look, you have empathy. I said, but don't confuse tolerance with acceptance. I mean there's a difference there. But what I found out the hard way in California, especially during COVID when the state took over more power there. It was no longer tolerance was no longer acceptable. was no you will do this. You will. There's no more debate on this. And as we said earlier, they're going to double down. That's it's going to double down. no, it ⁓ you know, again, it's just that's what that state line does matter. All right. Let's see here real quick. A couple more questions here. Let's see a balancing economic growth with responsible policymaking. I mean, to me, that seems those go hand in hand. Economic policies have to make sense. Speaker 1: Yeah, no. I think I think one of the things that that's interesting about that is ⁓ a lot of times people think that you're only going to get economic growth if you create some sort of subsidy or incentive or ⁓ or tax break for a for a new entity. ⁓ But a lot of times in government, can just match the off-takers with the producers. And so that you've de-risked the project for the people who you want to invest. You've already set up the people who are going to be benefiting from this and created a pathway for them to rapidly off-take the resource. And when you do things in that way... You can solve a lot of problems without raising a dime in taxes. One of the ways we were able to do this is in nutrition here in Las Vegas. ⁓ We sort of argued that here in Las Vegas, we have the best chefs in the world. We have the freshest food shipped in every morning. And we have some of the best nutritionists in the country at the NFL, the UFC, the NHL, the WNBA. We have all the tools we need to provide the most nutritious, delicious meals in the country to the kids in our schools. But we have missed that mark somehow. And so what could we do to improve that? So about three years ago, we started this Nevada Nutrition Coalition. We started getting groups of people together, like, how do we solve this? How do we use the resources we have? And so we brought in ⁓ Linda Young, who's a former president of the school board, and we bought in ⁓ Ms. Paxson, who's a current member of the school board and the head of the Nevada Association of School Administrators and one of the biggest food producers, Lagudi Foods, over at They Make Food for the Wind and the Blasio. and mayor's daughter-in-law who's a teacher and they give some political overhead in case we get attacked. Some of the best public health officials and epidemiologists and biostatisticians from our local universities here in Nevada and the top nutritionist over at Roseman and at UNLV and the nutritionist from the Golden Knights and the NFL. And we put all these resources together and eventually people said we would never ever get cooperation from the Clark County School District. But ⁓ we did. About seven months ago, we met with the head of purchasing and the head of nutrition and we said, listen, there is nobody in the state of Nevada who is not on board with your mission of providing the best possible meals for the kids in our state. So you tell me what you need and I will see to it that every resource in our state is at your disposal. What do you need? Well, of course, how are they going to say no to that? And so what we reasoned is that is that if we could create a nutritional standard that's 5 to 10 % better than whatever the current federal standard is, and we studied kids over the course of a year or two, like a rigorous, formally planned study, which all the public health and epidemiology people are for, we could prove that we would reduce obesity, reduce diabetes, reduce long-term health problems, improve athletic performance, academic performance, reduce mood disorders, reduce suicide, reduce school violence, reduce school shootings, reduce teaser assaults. And we could prove that. And if we succeeded, 49 other states would want to contract with all the vendors for those food products and the consultants who helped set it up. And the idea was that anybody who any restaurant, any vendor who can meet these standards and could provide a meals at the price point that the school district currently has would be allowed to be a provider. And so, the people at the school district... We're like, you know what, this is gonna create thousands of jobs for our community. And potentially, because we have 330,000 kids in the school district, that's a huge captive market and allows us to build the economies of scale with whatever new nutritional innovations we create that we can then sell to the rest of the country ⁓ at a competitive price because the economies of scale. And we don't have a big agricultural industry here to suppress innovation, which is what has happened when Congress suppresses anything that challenges high-fructose corn syrup if you live in a corn state. We don't have that here. So we can innovate and we can provide the best meals in the country for our kids and then dominate that market. So about ⁓ four weeks ago, I did a ride along with ⁓ one of the police officers for the Clark County School District, another police force. And he took me over to school and we went to lunch. And sure enough, they had started opening up the school to vendors or local vendors who were selling their food in the school. And so kids had access to the best meals prepared by the local folks and meeting these nutritional standards. And I was like, these guys are good and they're fast. And that's Nevada. That's how we do things here, right? People move fast because we all kind of know each other. There are less barriers to entry to our market, to taking advantage of our resources here. Speaker 2: people who are not against a ⁓ good idea. you have something that really makes sense and they know that you're a good person, there's no angle to it, you find that very quickly you don't have to run it up the flagpole. can go right to, as they say, hey, I know a guy, I know a guy. It does seem to work here. Speaker 1: Yeah, but. So in this instance, we were able to do all of this, improve these mills without raising a dime in taxes. We lined up the off-takers with the producers and we were able to solve this problem, make things better for everybody in our state. And this is the best way that government can work. And there's a bunch of different examples of how we're doing this. Speaker 2: You know, real quick, as you know, I'm very big about promoting the idea of financial services coming here. And the same question was asked, well, what do we have to give them to get them to move here? ⁓ How about no taxes? Yeah, that's huge. I mean, right there, and all they want is a letter saying that they're not going to get sandbagged to move here and suddenly get hit with taxes. And then it's written in our Constitution. You can't have an income tax. So that's all they want to know. That's literally, and leave them alone. Speaker 1: Yeah. I think that's why HSBC and a couple other big banks have moved their headquarters over here. That and kind of our lending laws are pretty okay. It's kind of a more of a consumer beware sort of estate. Speaker 2: When you're in Congress, I think there's some things that we could do better at on economic ⁓ promotion. I mean, I was shocked to find out that ⁓ in our total state budget, 0.8 % of the budget goes toward economic development. And it's like, what? I literally said, is there a decimal point off in that number? I mean, I can't believe what I'm looking at here, but that's all they put to it. So we do have to do a better job of promoting our story. I think it's important. Okay, let's see here. Misconceptions of voters. Now, do you find, I mean, very quickly, my point that vastly shocks people, most of the voters here are independents. They're not Democrat, they're not Republican, they're actually independents. Speaker 1: I think one thing that people don't take into account enough is that when there's criticism, it doesn't necessarily mean somebody's doing something wrong. mean, being in the business of politics means that, or anytime you're in any leadership role where you have an opportunity to make a decision, there's one group that wants one thing and the other group wants something else. And you have to look at the evidence in front of you and come up with what you think is gonna be best for the community. But that means there's always going to be some group that's going to be disappointed by the decision that was made. so people sometimes assume that if there's any criticism at all, it must mean that the person is not doing the best thing or the right thing for the community. And I think that's what a lot of the people on the left are assuming about Donald Trump because anybody is saying anything negative about him at all, that he must be doing a terrible job for our country and everything that he's doing. And that's just not the case. There a lot of things that there's a lot of leadership that he's providing that are really great for our country. Speaker 2: Now do you find that the unions, mean it used to be for very long time, rank and file would vote the way the union would tell them to vote. Do you find that's the case in Nevada? I mean you go back east to New Jersey or New York, that is very so much the case. Do you find that here? Speaker 1: I don't think that's been the case in my experience. And from what I hear in talking to people, they feel like certainly in the case of the president, ⁓ the union leaders were very much telling them to vote on the blue side, but in huge numbers, they voted for the president. And I think they had a sense that he was doing his best to bring manufacturing back into our country, to bring the giant corporations that had moved their headquarters out of our country to Ireland, to force them to come back. He's using the tariffs to force them to bring their manufacturing because he's trying to help America. and not these gigantic corporations. And I think they sensed that, they saw that. And to the extent that that continues to be the case, I think he will be able to continue to have a group of people there who support him. Speaker 2: You know, one other misconception, a lot of people get very angry about the whole BLM thing. And I tell them, both sides of the aisle hate dealing with BLM. I've heard it from Democrats, I've heard it from Republicans, they are difficult to deal with to try to get any land releases from these people is nearly impossible. Speaker 1: You're talking about Bureau of Land Management, not Black Lives Matter. Speaker 2: No, no, no, no, no, no. Sorry. Oh, no, no, wait a minute. No, no, no. Sorry, Ari. No, no, this is a podcast, everybody. So no, no. know what's Living here, I don't even think about that anymore. I think a Bureau of Land Management. mean, no, but both sides can't stand dealing with these guys on trying to get land releases. And they blame the elected officials for it. Speaker 1: Yeah, so there's a couple things about that, right? So one is there's a law, when Nevada was first founded as a state, ⁓ we were, think, possibly the only state that wasn't allowed to have all of the land within its borders released to the state. We have this withholding, and so that is actually unconstitutional. And so there is a legal argument that says we are owed that. But ultimately, I think it's going to come down to an act of Congress. and how can we convince people in Congress to release that land back to us? And there are at least two ways. So one way that some people proposed recently that I thought was really great was... ⁓ Nevada ⁓ would offer to buy the land back from the federal government, but the money that the federal government gets from that, they would reinvest back in Nevada. so there are some things that are needed ⁓ at a federal level that Nevada would be outstanding at. So I think in terms of developing energy projects in our state, advancing ⁓ nuclear energy development, particularly with HB11 fusion or with thorium reactors, we would excel. I think ⁓ in advancing aerospace space, the aerospace industry, we would be outstanding. already have Northrop Grumman and and what's the other big air air contract or as they've already gotten all the Speaker 2: companies, all these drone companies are coming. Speaker 1: and all the drone folks and you know we've got Bigelow Aerospace that I'd like to see them get spun back up. You know there's a section of the space station that was built right here in Las Vegas by Bigelow Aerospace when they are operational. know Cicillac kind of destroyed that company and that's real tragedy and real loss for our state but I'd to see them get spun back up. There's a gentleman who's trying to build the first private space port here in Nevada. Speaker 2: He actually had him on the show. Yeah, Rob Lauer. He's a really, he's a guy. Oh, he's very smart. I'll tell you what though, I did not get a word in Edgewise. No, he's a great guy. I sure same. Well, you know, look, Nevada is always had space and it's like area 51, the Air Force testing, the X-15s, all those things came from this area. it, no, I agree. Speaker 1: ⁓ yeah, Rob Lauer. Very talented engineers here. so I think we're more than capable. And it would make sense for the federal government to reinvest in this way and release land back to us. That was the first pathway. And I thought that was a good pathway. The other way is that we can... One of the things I want to do when I get to Washington is build political currency. And the way that I want to build political currency is to help our country in the following way. ⁓ Last year, was a hurricane that destroyed a factory in North Carolina and that factory manufactured 93 % of the IV fluids used on our country in one location. so all of the elective surgeries around the country were shut down for a little while because they didn't have IV fluids for patients coming to the hospitals. And so it was crazy to me that somehow the supply chains in our country had allowed just one facility to supply the entire country. And a simple way to solve that would be to require, there are 100 items that are required in an emergency, medical products that required in an emergency. And it would make sense for any government purchasing of any of those items to require that the purchasing happens from at least five locations and different locations around the country. so that we have some redundancy. And it would never be in a situation like that again. If we do that, so there's five sites for each of those 100 items, that's 500 places where there's going to be manufacturing and jobs and factories and voters. And so that's 500 favors I would get to hand out in Congress. And 500 favors means a lot of political currency and the capacity, perhaps to get this lands bill passed, because we're gonna need a lot of friends for that. Speaker 2: Now, you know, this is not an original idea, you know, who ⁓ came up with this? Harry Reid. They call this the Reid effect, getting favors. Speaker 1: which Well, mean, getting favors is just politics. It's not got nothing to do with Reid. It was going on long before he was here in Nevada. And it was long before Pat McCarran was the senator for Nevada, who was quite a powerful and very conservative gentleman who was from Nevada. But ⁓ it's just a part of politics is the way that you provide value, and this project would provide value for our country, a necessary action. But because we're providing leadership to get it done and carried across the finish line, that would allow ⁓ them to owe some to Nevada. In exchange for that leadership, we get something we need. Speaker 2: That'd be great. No, I love it. You're already thinking ahead. Speaker 1: Well, we're trying it. mean, right. I mean, you to have a plan because you only get two years. And so as a congressman, right. So if you don't get in there and you don't have a plan, you can't hit the ground running. And that's, you know, every day wasted is something lost for Nevada. Speaker 2: Well, as you just said, we're in a critical juncture too, with the president, both houses of Congress, what's going happen with the Supreme Court if we, God forbid, we lose any more justices, how that's going to play out, so a lot of things. So real quick, next two to three years, you pretty well spelled it out in this whole talk, there's certain things that we really need to focus on over the near term. Speaker 1: I mean, the most important, think, is making sure that only Americans are voting in our elections. Because if it's only Americans voting in elections, if we make our election safe and secure and have voter ID, that means there'll be less fraudulent elections. That means there are going to be more Republicans elected across the country. That means more common sense in our government. And that means that a lot of the fraud that we're seeing in all of the states, all the blue states across the country will start to diminish. And that will go a long way to balancing our budget. And when we balance our budget, the inflation will come down and people will feel like they have more money in their pocket and our economy will start to run more rapidly. And if we can accomplish what I want to accomplish for us in healthcare, it's going to be gangbusters. I'm very optimistic about our future if we succeed. Speaker 2: You know, real quick on this, I was gonna ask you earlier about it. With healthcare, you always talk about tort reform. You know, one of the jokes we always hear when people come in here is all these personal injury attorneys, signs everywhere. Do you think that's important that we have to begin to look at reforming our tort laws here? Speaker 1: Actually, I had a slightly different opinion than a lot of the other doctors here. Because I've seen some things wherein, you know, if you're over 65 ⁓ and you die or something terrible happens to you in the hospital here, you don't really have access to an attorney or to the justice system. And because the way are the laws structured here is that there are economic damages and non economic damages and in a tort case. And so the economic damages are, know, if you're 20 years old, and you have 60 more years of productive life, and you made $100,000 a year, that was a $6 million in potential damages that they can recover. And that's enough to pay for the attorney's fees and the doctor's fees and for the patient to get stuff and to and all the expert witnesses and things. But if you're 65, there are no economic damages because you're retired. So then all that's left are the punitive damages. so then the punitive damages, they were capped, I think, at 350 or 250 or wherever it was at here. I think it was 350. And apparently that was not enough to pay for the experts and the attorney's fees and the advertising that all these attorneys have to do and for the patient to get something out of it. So none of those cases were accepted. Speaker 2: Okay Speaker 1: So that meant that the hospitals and the insurance companies could institute policies that really just drove these people into the grave. So if you're over 65 and it took you longer than four days to recover, you were now no longer financially beneficial for the hospital. So they just started pushing to palliative care. And doctors who didn't agree with this were forced out and their privileges were threatened. I could go into a case that a guy was the number one at the highest survival rate in the hospital and he was forced to stop practicing in that field. because hospitals are like, if you keep trying to save people's lives like this, we're going to take away your privileges. so, yeah, right? ⁓ what I propose to the attorneys when they're increasing this bill is instead of increasing the malpractice cap on the docs, honestly, you're not going to, if you increase the malpractice on the docs, doctors are already terrified about malpractice. You're not going to reduce the amount of malpractice. You are going to reduce the number of doctors. ⁓ And you're going to drive up health care costs for everybody because we're all going to have these new higher insurance rates. And so, you know, it's going to be it's going to get reflected in other places. So so what would be beneficial for a community? What if instead of increasing the malpractice and the docs, they increase them all the liability for the insurance companies in the hospitals? So now every time there's a terrible event that happens, the attorney goes to the doc, isn't part of reason that this happened because the insurance company in the hospital limited your ability to effectively advocate for the best interests of your patients? That's almost always true. And so that opens up whatever the new cap is for them. So say it was $5 million or $10 million for each, that opens up $20 million. Now the doctor, the patient, and the attorney are all on the same side trying to get retribution against these gigantic corporations that are based outside of Nevada. ⁓ and have made an industry of killing the people in Nevada because the insurance companies are setting up their rules to deny care. The hospitals are reducing the number of staff that they have. The number of staff that we have here on average per number of patients to owners is about six. In California, it's four. Right? So we have 50 % more and there's a lot of studies that show that the number of people who die goes up when you have ⁓ more patients to a nurse because they're distressed beyond their capacity to handle. And know, six is average. That means sometimes it's eight or more or whatever it is. And then they can't possibly do all the work they're supposed to. So they have to start trying to decide, well, what are we going to do? And when does a hospital actually have to certainly get concerned about it? Well, it's not when the first patient gets injured or dies or when they get sued. It's when the value of that lawsuit that they have is slightly more than the amount of money they were saving by cutting back on staffing. And so the entities that are supposed to function to regulate the insurance companies and the hospitals in our state are understaffed and underfunded. So when you have a grievance and you go to complain, they don't really have the capacity to handle that complaint in a way that's going to compel appropriate action. So the courts are the only place that we have in our current setup to ⁓ hold these people accountable for harming people. Speaker 2: So Ari, do you feel then that our courts are reasonable? That the settlements are reasonable? I know it's a broad question, I know, but... Speaker 1: I don't, ⁓ I ⁓ think that if they increase, if they don't do anything else to improve healthcare, ⁓ then this is one way that they can improve the quality of care by holding the insurance companies accountable when they deny care inappropriately or when they set up policies that deny care and then will hold the hospitals accountable when they understaff their hospitals in ways that lead to patient deaths. Speaker 2: Okay. Speaker 1: And so, and this is a solution to that again, without raising taxes. You were able to solve this problem by changing the incentives ⁓ and holding people accountable who our system is supposed to hold accountable, but right now seem to operate without legal oversight. Speaker 2: You know, they say you learn something new every day. So thank you. just learned, mean, again, the default is, my gosh, tort reform, tort reform. You're saying, well, wait a minute, there's more to this story than. Speaker 1: There are things that we need our attorneys for. I are people who are holding gigantic corporations accountable when they harm Americans and Nevadans in particular. And sometimes the things that they do... ⁓ We don't seem to be able to find other ways in our system to redress. What happens is, you know, what's supposed to happen is when there's a wrong, you tell your congressman, your congressman goes and gets a law passed about it, and that's how we improve things iteratively, right? But sometimes things happen too fast, right, for the congressman to be able to get together and convince everybody to fix it. And when that happens in a way that, you know, thousands of people are being harmed... over and over over again by something that wasn't fixed through the legislative branch. That's what our judicial branch is for. And I mean, we really have to beware before we clip their ability to, you know, generate justice. mean, justice in this country is imperfect, but the access that everyday people have to it should not be curtailed. Speaker 2: I'll tell you real quick, and by the way, I'm sorry we're going so late on all this, but we just wanted to talk about our plans here. I have a mining claim, and I'm actually a member of the Nevada Miners Association. And so one of the things that has come up ⁓ is that because of what you just described, now most people think mining is hazardous and all that. the safety levels of the mines have gone up dramatically because of what we just talked about. You know, that the use of certain chemicals in the mining process are no longer used. I mean, I tell people all the time, look, we haven't used mercury. gold mining in 120 years. Oh yeah, no, because it destroyed the environment. So here we are now looking at these lithium deposits, and we are it in the United States for these rare earths. Well, we're going to have to wrap our heads around the idea that we're going to knowingly go back into an area that has a history of not being safe. But again, because of the legal mechanisms that were put in place, mining companies now are much safer. So that just came up. We literally just had one of our policy debriefings the other day. I mean, they have a mind safety award. Everybody wants to make sure that we don't have any problems. But it's, as you just said, it's the cost. Speaker 1: And so, mean, in Nevada, we want to make it easy for new business to start. We to invite everybody over here that we can and, you know, lower the amount of paperwork or the regulatory hurdles. But we don't want them harming Nevadans and killing people in our community. And to the extent that we can prevent that from happening, we're winning. Speaker 2: No, absolutely, and that's certainly a lot of the new automotive laws that we've just elected to say, no, we're going to tighten up the way people are driving around here. OK, let's have a little fun. You and I have gotten all this deep stuff. If it was a little bit earlier or late in the day, we'd have a drink and a cigar, we're going let that go. All right, you cannot be an elected official of our state unless you know these things. You know that. All right, so let's go down the list very quickly. Now, can I tell you what I can't believe? Mustangs. Speaker 1: Yeah, that's so strange that it's not listed here. That's yeah, we love our Mustang. Speaker 2: No, no, are you surprised that our state animal is the issue? Speaker 1: No, no, big horn sheep. That's that we have known forever. Yeah. I think I had to do a project out on that in fifth grade. Speaker 2: This is Gorman, of course you did. Okay, and the sage brush, you nailed that one. You used it, okay. All right, now the desert torch. Speaker 1: Desert tortoise? Speaker 2: Actually, we're seeing a desert tortoise. Speaker 1: People used to keep his pets, you know, in their backyard. They made it illegal, I think. But every once in you go to somebody's house and they'd have like, you know, their backyard and they'd have this tortoise, you know, it's like that big and little kids are trying to sit on it and it was OK. It's not about your kids. ⁓ yeah, it's a bit. Well, I mean, it's about this high up. Speaker 2: How big is A desert tortoise gets that large? ⁓ yeah. Yeah, it's not very big. Okay, wow. I had no idea they had gotten that big. So very clearly our friends of the North, because we do not, I don't think there's a trout within, I don't know, 500 miles of Las Vegas. ⁓ The state fishes the, what is it? The lontan cutthroat trout. I've never got it. Speaker 1: So I've never caught one them. It's herbal fishermen though. Speaker 2: Well, around here it's bass. Yeah. Yeah. All right. The big one is, you know, clearly the tree thing. can you, future congressman, can you explain to why we have two trees? Speaker 1: You know, I cannot, I cannot. mean, yeah, not sure. But I did. So bristle comb pine, you know, I've seen plenty of those, but I did not know about the that our pinion pine was our state tree, though. And that one that one was was a surprise. This one I knew the bristle. Speaker 2: Okay, that one you knew. I'm going to, you know what? I have to look into it myself. By the way, I ended up getting this when I was at the legislative session. thought, you know, there's, then when we were setting the studio up, I said, that's perfect for here. All right. Now the one nobody knows the bluebird, the mountain bluebird. Speaker 1: Actually, you know what, I looked that up when I first started running. That was Speaker 2: Yeah. Where's this thing flying around here? Speaker 1: I have, you know what, I know, ⁓ I want to say I've seen a Cardinals and then I did see a Bluebird one day, you know, out in, ⁓ Speaker 2: Like the foot like like red rock out toward red rock. Speaker 1: Out where I live over by the Tournament Hills Golf Course. Yeah, yeah, yeah. There's a lot of wildlife, a lot of rabbits, a lot of foxes, a lot of birds show up. And I did see a blue one. I don't know if it was the mountain bluebird, but we did have a blue one over there one day. And I was like, wow, that's a very vivid shade of blue. Speaker 2: We do have a lot of birds around here. OK, we're almost out of time. mean, we've gone way over. What else would you like voters to know about you? Speaker 1: I've been doing things here in Nevada for a very long time providing leadership. I broke the monopoly on the solar panel industry and that crash prices here from $75,000 for a five kilowatt system to 25. Tons of people came into the market. It's because we took the time to hire attorneys to break that monopoly. to, and because people had rigged the system and it was running great until another big company came in and rigged the system. And that was when, when Berkshire Hathaway came in about our company. ⁓ We fought the government when they tried to send me to prison and the Bureau of Primary Health care because we weren't paying bribes to them. ⁓ We fought the government when we opened a bank and we told them that the... ⁓ The amount of money they were about to put on the market, ⁓ $600 million in credit by approving two new banks, was going to bankrupt the banks in the city because the average consumer's, ⁓ the average price of a home was more than three times the amount of money the average consumer made. So who are they trying to get these loans put to? Why were they intentionally trying ⁓ to banks in Nevada? And they had no answer. So I tried to protect us way back then in 2007, 2006. I've been fighting against the hospital administrators when they're understaffing the hospitals. ⁓ That's been a great personal... The hospitals have a lot of authority over a doctor. They can really make your life very, very hard when you don't comply with their mandates. We fought for people during COVID. when doctors were afraid they were going to lose their licenses, I was on the of medical examiners, said, if you prescribe medications that are saving lives and you have reasonable rationale for it, I will make sure that you will be fine. And I did. We fought to stop the use of the vaccines, mRNA vaccines, that now turns out we're hurting people. That was clear to us early on because people, when I was president of the Board of Medical Examiner, people in the state had asked me, hey, my uncle died two weeks after taking this vaccine. Can you please look into this? And when we called the FDA and sent them letters back and forth, the answers they sent back were inadequate. So I wrote to the schools here, said, we need to retest this and wrote to the governor. We need to stop the use of these vaccines until we get to verify whether or not this is true. Because we're going to have to do a better job than the FDA is doing because they dropped the ball. Because people in our government turned the levers of power against the of the United States of America so that we could make money. And that was awful. I think so my point is, is, you know, I've been, I've been providing leadership and fighting hard for the people of our state for a very long time. And a lot of people who run for office, you know, will tell you one day I'm going to get to Washington and that's what I'm going to start, you know, fighting for your own. That's when I'm going to start, you know, working for you. But I've been doing that for over 20 years since I came back. That's why I came back to Las Vegas. I got a degree in economics from Yale. I could have been on Wall Street making mountains of money, but I wanted to be a doctor because I wanted to help people. And I wanted to come back to Las Vegas because it's a place that mattered to me the most. Speaker 2: Well, fighter, I would also say you walk the talk. You really do. mean, you're not going to expect anybody will do something you're not prepared to do yourself. Ari, it's been a true honor having you on the show and I appreciate it. As I said, you have my support. You're exactly who we need in Congress. I I think that there's just too many things at stake right now for our state and certainly for the nation at large. And I know that President Trump would definitely need your help. So count it in. Folks, we're out of time here. ⁓ very quickly. Please stay tuned for the next round of things we're going to be talking about later on. if you can already if they want to get ahold of you one more time, where's the what's the best way to get ahold of you and more most important to contribute. Speaker 1: www.nagyfrecongress.com There's a donate button on our website or follow us on social media at Nagy Free Congress and my cell number is 702-477-5071. Give me a call anytime. That's what representatives do, right? We represent people, so we need your ideas. Let me know. Speaker 2: ⁓ and let's go horse riding sometime. I love that. Seriously, mean, there's nothing better than a morning ride in Las Vegas. You know, all right, we're gonna go. Okay. All right, everybody. Take care now. We'll talk to you later. Speaker 1: I'm looking forward. Definitely. Speaker 2: This is Ken Winans, host of Winning with Winans. Before I started the Morningstar top-ranked money management firm, Winans Investments, I worked on the floor of the Chicago Mercantile Exchange with commodity traders. Yes, I actually know what those hand signs mean that you see on TV. I am sure that you've heard all about the eye-popping advances in gold and oil prices. But did you know that physical commodities like cattle, soybeans, and copper have had powerful rallies far outpacing the stock market this year? If this is news to you, you are not alone. Sadly, most wealth managers are employees of large financial institutions that are limited in the investment choices they can offer their clients, including commodities. Wyndon's Commodities is one of the few registered trading advisors based in Southern Nevada, founded in 2021, 100 % independent and veteran owned. While commodity trading is not for everyone, it is a time-tested way to enhance the returns during uncertain time. Call us to find out more about how commodities can fit into your current financial portfolio. Give Wyndon's a try. You won't regret it. Win with Wyndon's Commodities. And welcome back to winning with wine is Las Vegas news and coolest financial show. And I am your host, Ken Winans, the finance guy with a cowboy hat. And as you know, I get asked a lot about this. You at least remember me. And when I'm out about when I'm going about town, I like to remind everybody we are a Western state. Las Vegas is a Western city. Why not have our finance people wear cowboy hats? Besides, personally, I like them better than ball caps. But that's just me. So listen, I hope you enjoyed our guest. We're trying to have these very interesting guests on the show, especially as we go through the election years, hearing different sides. We try to be bipartisan. This is a finance show. We do try to cover economics. But I want to go back real quick, and I want to talk about what's going on in the financial markets, because I do think you've got to remember this. I mentioned in the first segment, the market has been on a tear. whole month of April, which is typically not a strong month for the market. Folks, we bounce back very, very strong. ⁓ The earnings season looks great. And I think what's also important to remember is that we are having what I look at as a broadening of the market. What do mean by that? It's not just a handful of mag seven stocks driving this thing. Now I have some concerns about how a lot of market benchmarks and indices are constructed. I've made that case before, both in my Forbes articles and also on this podcast. But I can tell you, when I'm looking at this, you're finding multiple stocks in multiple sectors, including some of the lagging sectors. They're like a bat out of hell. They're flying right now. So company, it's company to company. I don't think you can necessarily... buy an industry ETF and work your way through a market like this. Sometimes picking good old fashioned stocks works. But I will tell you right now, a lot of the old industrial stocks especially are just on a tear as I'm calling it the capitalist hall of famers. Now, I think some other areas that we wanna just be aware of, the dollar is very stable right now. I believe that that is bringing investment back into the United States. I know there's a lot of talk about how Tourists are staying out of the United States and you know that you know we know in the case of Vegas all this talk about the Canadians not coming here. I've said many many times as many of you. I'm a Golden Knights fan, especially now it's playoff season. I will guarantee you the Canadian tourists are coming down for hockey season. I will guarantee it. I do not think we are having. ⁓ I mean, I think a lot of this stuff is disappearing and things are going back strong. Alright, real estate. ⁓ is very interesting. It is very regional. The government actually delayed a lot of the housing data. I think part of it's still because of the government shutdown. But again, when you look at the aggregate numbers for like new home sales, ⁓ commercial property, industrial property, it's gonna give you a different answer than if you break it into regions. And what I can tell you is that when I look at certain parts of the country, and I hate to say it, you're gonna have to look at it, blue state and red state, I think the red state real estate markets are doing noticeably better than the blue state markets. All you have to do is look around, even a place like in the case of Nevada, being a swing state, politically very important, where business investment is still very strong, and you're having a migration out of the blue states to states like this, you're gonna have a reasonably strong housing market. Now we can have concerns about. what's going on with housing prices. That's always a concern to us. But I think it's the bigger issue, as we've heard both sides of our state aisles have talked about, it's we need more land. We need to the Bureau of Land Management, better known as BLM, release that land. And I know that both sides of the aisle are working with the Trump administration to try to get that done. So again, I think we're going to continue to see that be a very, very good market as we go forward. Okay, I'm going to talk about bonds and preferreds. Most people don't ever talk about them very often. I brought up on my last show that, you know, they are typically a boring investment, but with a lot of people who have concerns about what's going on right now in the stock market, they're moving more money into bonds. I'm hearing this from my clients. They are, they just want to park some money in something that is more secure in their minds. So again, I know that you can still find corporate bonds that are paying six to 7%, depending on the time and preferred shares the same way. Talk to your accountants about this, but preferred dividends also qualify dividends, which means they are taxed at capital gains rates, which are lower than income tax rates. Okay, one thing I would bring up is there are gonna be a lot of new industrial bonds coming out as we do this infrastructure build out in the United States. But I will just cautionary note on this. Nevada, here's the good news. Nevada is doing great. We have a AA plus municipal bond rating from Moody's. ⁓ Our state runs a very tight ship. The bad news is there might not be a lot of municipal bonds out there for investors to buy. And so there's tempting to go to markets where they are bigger, which means there's more debt out there. But I keep bringing up... This quarter, most municipalities have a June fiscal year end. This is the time of year when rating agencies are gonna start reassessing the ratings for a lot of states. Although Nevada's fine, I would just simply tell you that I think states like California, certain agencies in California, especially with the migration of the population out of that state, losing its tax base, I'll tell you, I'd be hard pressed and not... ⁓ not comfortable buying a lot of California municipal bonds right now. And in Nevada, it makes no sense to do it. Okay. I've talked before about commodities. What can I say? It's the, is just an amazing run in commodities, crude oil. We talked before what's happening with OPEC breaking up, crude oil prices are bouncing around. You got to be kind of careful on buying oil stocks, but at the same time, you know, agricultural prices. Now there's something that we should be concerned with. There's a lot of talk about there being a shortage of fertilizer in the global world right now, which means food prices, quite frankly, could continue going up just because, you know, there's going be a lot of land that they just cannot grow on this year in the Midwest or maybe even in the California Central Valley. So again, we'll have to see how that all plays out. Hey, crypto, interesting stories. There's still continued talk about how Iran is using crypto in their economy to try to navigate things. And I guess our Treasury Secretary made it very clear that they will be looking at crypto transactions and they'll be monitoring it closely. I don't think the crypto industry wants that reputation. So I think there will be cooperations, but there's an incentive. Both Congress and the regulators are preparing to meet with the crypto industry about normalizing things there. As we go into the tail end of this year, I think it could become an election item for a lot of people, but we'll have to see how this plays out. Now, listen, ⁓ we have some interesting segments. I always like to get to the local news. And you know what? I just have to say, it's really pretty funny that there's all this talk about this new casino in Queens, New York, and how wonderful it is and how it's going to put pressure on Vegas casinos. Let me tell you something. I don't think it's going to stop people coming to Nevada. You've got very easy convenient flights out of New York City to Vegas. And by the way, we've had Indian casinos in California for how long? You know what? I think it's a no-starter, but I do find it funny how they're trying to make it sound like it's something big and unbelievable. You know what? There's all these great stories in the publication about the sphere. I don't know if any of you have gone lately to the sphere. I've gone several times now, both for concerts and for movies and certainly during F1. It's amazing. But now there's more and more stories talking about how the gamble has paid off for Las Vegas. The spheres working, the spheres doing well. And then I guess there's going to be other spheres popping up in other parts of the country. A little bit of local news in the real estate front. RE Max Realty has been sold to a group called the Real Brokerage. Now RE is a very, very big realtor in the Vegas Valley. I'm not sure how it's going to play out for a lot of the people out there, but it should be interesting to see, you know, the change in everything. again, the Nevada housing market is on a tear. It's not a surprise that really deep brokerage firms are going to be bought up, especially with markets like this. One little piece of news out there, a student loan defaults are picking up. You know, obviously UNLV has a very, you know, a large population of students. I wouldn't be surprised there's gonna be some news in local press about that. But with the economy generally doing okay, I don't expect to see a lot of the news here. Now, I call it California crazy, but we do have to stay in touch with what our neighbors of the West do. Do remember, they still haven't figured out yet what they're gonna do with their oil ⁓ importing problems. That's why their gas is so expensive. Unfortunately, it's part of the problem that we have here. I've been a lot of articles in the paper lately also about the California high speed train. I'm sorry, the Brightline train and that it is not going to be the same play as the California high speed rail disaster. So we've been told by the Brightline corporation. No, they're on top of this and that this train will work well. But believe it or not, when you didn't think it could get any, any crazier there, they are going to move forward with that wealth tax. They're going to tax all billionaires. 5 % of their assets. The question they're not asking themselves is if that billionaire owns a company and it's all stock, how's he supposed to, he or she supposed to give 5 % of the money over? Most banks won't give them a loan for that. So there again, more craziness. It's hard to understand what they're doing and how they're doing it. But again, what it means to us, more migration of wealthy, successful Californians are going to continue coming here. And I think that they'll prefer coming here than they would be in some other places. Well, listen, we're almost out of time. I just want to again, thank our sponsors, Wyndon's Investments, Wyndon's Commodities. And if you missed any part of this podcast, or if you want to go back and look at others, please go to our website, winningwithwyndons.com. And we're actually going to have a launch date, an official launch date in June. So that will be, make the podcast more mainstream. ⁓ Please check out my latest Forbes article. on taxes between blue and red states. I think you'll find it very interesting. Also, you know, it's funny what happens when you have a situation like we had this last weekend with historical events. I did write financial history books. They're very popular during this time. It's called Investment Atlas 3. You can find it on amazon.com and you know, and certainly it's also available as a digital form. But anyway, folks, good luck with your investments this next week. You know, the news keeps coming. And yet the market keeps going up. So good luck with everything. This is Ken Winans, your host with Winning with Winans, and we'll see you next week. Take care. Boy, that time went fast. I hope you had as much fun as I did during this segment of Winning with Winans. Make sure and tune in next week for another round of guests and interesting topics. And if you missed this, make sure and check us out on Spotify, YouTube, or go to our website, Winningwithwinans.com, where there's a lot more information for you to follow. So good luck this next week. Look forward to seeing you then. Take care.