Latest / First Thing Today with Joe Thomas / "Rare Earth Mineral Reserves" (Thursday, February 5, 2026, Hour 4)

Transcript

"Rare Earth Mineral Reserves" (Thursday, February 5, 2026, Hour 4) · First Thing Today with Joe Thomas

• 0:01
  Speaker 1: Work work, work, work, work, work, work, work work.
• 0:04
  Speaker 2: Hello, boys, have a good night's rest on Risky on
• 0:07
  Speaker 2: a need to know basis, because you need to know
• 0:11
  Speaker 2: the first thing today.
• 0:12
  Speaker 3: George said, steal men, you have a day.
• 0:17
  Speaker 1: At least for work.
• 0:18
  Speaker 2: When the sun comes up, drops a key.
• 0:20
  Speaker 4: To scoop the way.
• 0:23
  Speaker 5: Joe has a thing a dream do all the treasure said.
• 0:26
  Speaker 1: He needs.
• 0:28
  Speaker 6: The one that Joe's on.
• 0:29
  Speaker 7: Smiled, He on the eggs.
• 0:34
  Speaker 1: Let me be Joe.
• 0:36
  Speaker 8: Bless you for letting me be of service to you
• 0:38
  Speaker 8: this and every morning. I want to be Joe four
• 0:41
  Speaker 8: three four eighty two four two one seven. After we
• 0:44
  Speaker 8: tell you what happened, I want to hear your uh,
• 0:47
  Speaker 8: how it's impacting you where you are. Doctor Clark had
• 0:50
  Speaker 8: something he wanted to say right as we came to
• 0:52
  Speaker 8: the news, Mark, I have a theory.
• 0:57
  Speaker 9: Joe, Okay, have a friend, grew up with him while
• 1:03
  Speaker 9: he's a leftist. There's just no other way to put it. Okay,
• 1:06
  Speaker 9: there's three of us on a text thread. Two of
• 1:09
  Speaker 9: us are conservative, while.
• 1:11
  Speaker 8: He's a leftist.
• 1:13
  Speaker 9: I have come to the conclusion that we could probably
• 1:18
  Speaker 9: accurately determine how desperate the powers that be on the
• 1:23
  Speaker 9: left are by how agitated their base members are. I
• 1:28
  Speaker 9: think when they get more desperate, they ramp up the
• 1:32
  Speaker 9: agit prop.
• 1:33
  Speaker 8: Uh huh uh huh, yeah, it becomes more dire.
• 1:38
  Speaker 1: Yes.
• 1:39
  Speaker 9: And if you just have regular contact, well the regular
• 1:43
  Speaker 9: consumer of agit prop, you can kind of figure out, Oh,
• 1:48
  Speaker 9: they're really desperate right now because they've got him and
• 1:50
  Speaker 9: it is.
• 1:52
  Speaker 1: Well.
• 1:52
  Speaker 8: And that's the thing is that they need those folks
• 1:55
  Speaker 8: so desperately, you know, in in they can't have them
• 2:02
  Speaker 8: just sort of like yeah, I mean everything's going on,
• 2:04
  Speaker 8: like they have to have this existential threat to as
• 2:10
  Speaker 8: we like to call it here. And I always credit
• 2:12
  Speaker 8: Ray for coming up with this democratsy because you know,
• 2:17
  Speaker 8: the idea that you could help somebody simply by going
• 2:21
  Speaker 8: out on November, you know, the first Tuesday after the
• 2:23
  Speaker 8: first Monday in November and voting. Wow, what a great
• 2:27
  Speaker 8: country this is. I don't have to hire anyone, or
• 2:30
  Speaker 8: train anyone, or create a position for anyone. I can
• 2:34
  Speaker 8: just go and vote once a year, doctor Clark, What
• 2:37
  Speaker 8: a great country is this? There you go, good stuff,
• 2:41
  Speaker 8: my friend. You have a great morning.
• 2:43
  Speaker 9: Take care of Joe.
• 2:46
  Speaker 8: It is time for us to run our first things down.
• 2:49
  Speaker 8: These are the things that are gripping us and that
• 2:52
  Speaker 8: you need to know about. While all the hoopla over
• 2:56
  Speaker 8: redacted pages of the Epstein files and some not so redacted,
• 3:00
  Speaker 8: President Donald Trump spent a good deal of time yesterday
• 3:04
  Speaker 8: afternoon with the President of China. President She and President
• 3:08
  Speaker 8: Trump had a long and wide ranging phone call, according
• 3:12
  Speaker 8: to President and Trump, on the situation in Iran, Taiwan,
• 3:16
  Speaker 8: and other issues leading up to what President Trump reports
• 3:20
  Speaker 8: will be a visit to China in April. The two
• 3:25
  Speaker 8: presidents are set to meet in Beijing in the spring.
• 3:30
  Speaker 8: He posted a social media platform x the relationship with
• 3:34
  Speaker 8: China and my personal relationship with President She is an
• 3:37
  Speaker 8: extremely good one, and we both realize how important it
• 3:41
  Speaker 8: is to keep it that way. Talks scheduled for tomorrow
• 3:46
  Speaker 8: between the United States and Iran on their nuclear program
• 3:50
  Speaker 8: are going to take place in Oman instead of in Turkey.
• 3:54
  Speaker 2: Now.
• 3:54
  Speaker 8: That change came after the Iranian foreign minister insisted upon it.
• 3:58
  Speaker 8: He also asked that other Arabs not be included. We
• 4:01
  Speaker 8: do not know if the US has complied with that request. However,
• 4:05
  Speaker 8: Donald Trump issued a warning through social media pardon me note.
• 4:10
  Speaker 8: Through an interview with NBC News, When asked about Iran's
• 4:13
  Speaker 8: Supreme leader, Ayatola Ali Himani and what role he should
• 4:19
  Speaker 8: take from this meeting, President Trump said, I would say
• 4:23
  Speaker 8: he should be very worried. Yesterday at the State Department,
• 4:28
  Speaker 8: a critical minister's a critical minerals ministerial meeting took place
• 4:33
  Speaker 8: with the Secretary of State and more keynoted by Vice
• 4:37
  Speaker 8: President J. D. Vance trumpeting the administration's creation of a
• 4:41
  Speaker 8: rare earth minerals Strategic Reserve, similar to that of the
• 4:48
  Speaker 8: Strategic Reserve of petroleum should there be a crisis. The
• 4:54
  Speaker 8: Washington Post is laid off one third of its staff
• 4:58
  Speaker 8: and completely eliminated its sports section, several foreign bureaus, and
• 5:05
  Speaker 8: its books coverage. The Post executive editor Matt Murray said quote,
• 5:11
  Speaker 8: we can't be everything to everyone nobody asked, but that
• 5:17
  Speaker 8: used to be the role of the newspaper. Bill Gates
• 5:20
  Speaker 8: said in an interview that he regrets spending any time
• 5:23
  Speaker 8: with convicted sex offender Jeffrey Epstein, Microsoft founder, his name
• 5:28
  Speaker 8: appears in many of the documents going back to Epstein Island.
• 5:34
  Speaker 8: Gates has denied any allegation of wrongdoing. The New Orleans
• 5:39
  Speaker 8: Police Department is also denying any wrongdoing. They weren't on
• 5:42
  Speaker 8: Epstein Island, but they did nearly hire a non citizen
• 5:47
  Speaker 8: to be a police officer. Forty six year old Cameroonian
• 5:50
  Speaker 8: national Larry Tema was about to become a New Orleans
• 5:53
  Speaker 8: Police Department recruit when Ice officers arrested him in Baltimore.
• 6:01
  Speaker 8: Brandon Scott, the mayor of Baltimore, is it necessary to
• 6:05
  Speaker 8: say Democrat, is facing pushback from the press about taxpayer
• 6:11
  Speaker 8: money he has used for his vehicle. The Progressive has
• 6:17
  Speaker 8: served as mayor in Baltimore since twenty twenty, is facing
• 6:21
  Speaker 8: pressure from the charm City for the citizens finding out
• 6:25
  Speaker 8: that his primary vehicle, a twenty twenty five Jeep Grand Wagoneer,
• 6:30
  Speaker 8: is the most expensive government issued vehicle operated by any mayor, governor,
• 6:35
  Speaker 8: county executive, or county commissioner in the state of Maryland.
• 6:39
  Speaker 8: It costs taxpayers in charm City one hundred and sixty
• 6:43
  Speaker 8: three four hundred and ninety five dollars. The mayor claimed
• 6:48
  Speaker 8: that the allegations being levied against him were racially biased
• 6:52
  Speaker 8: and pointed to Donald Trump's beast vehicle and the cost
• 6:57
  Speaker 8: to make that, and those are some of our first things.
• 7:01
  Speaker 5: For veterans concerned about their alcohol or drug use. Seeking
• 7:05
  Speaker 5: help can be the first step toward recovery. Doctor Joseph Liberto,
• 7:09
  Speaker 5: national Mental Health Director for Substance Use Disorders with the
• 7:13
  Speaker 5: US Department of Veterans Affairs, has more.
• 7:16
  Speaker 10: May is Mental Health Month and VA is committed to
• 7:19
  Speaker 10: letting every veteran know that help is available. Substance use
• 7:23
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• 7:26
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• 7:30
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• 7:35
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• 7:39
  Speaker 5: mental health and their lives.
• 7:42
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• 7:46
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• 7:50
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• 7:54
  Speaker 10: path toward recovery.
• 7:56
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• 8:04
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• 8:07
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• 8:13
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• 8:22
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• 8:26
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• 8:32
  Speaker 11: The Mayo Clinic found that kurcumin can decrease swelling and inflammation,
• 8:37
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• 8:42
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• 8:46
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• 8:51
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• 8:56
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• 8:59
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• 9:02
  Speaker 12: I'm Andrew Saul, Commission of Self Security. I'm here to
• 9:05
  Speaker 12: warn you about telephone scammers pretending to be government employees.
• 9:10
  Speaker 12: Some of these scammers may say threatening things like you
• 9:13
  Speaker 12: will be arrested if you don't make payments or provide
• 9:17
  Speaker 12: personal information. Do not fall for these tricks. These calls
• 9:21
  Speaker 12: are not from US. Real solid security employees will never
• 9:26
  Speaker 12: threaten you for information or money. If you receive a
• 9:29
  Speaker 12: call like this, hang up. Never give the call of
• 9:33
  Speaker 12: your personal information like your social Security number or bank account,
• 9:38
  Speaker 12: or send money in any form cash, gift cards, wire transfers,
• 9:42
  Speaker 12: or prepaid debit cards. Report the call to our law
• 9:46
  Speaker 12: enforcement on the Office of the Inspector General at OIG
• 9:51
  Speaker 12: dot SSA dot gov. Share this information with your friends
• 9:56
  Speaker 12: and family.
• 9:58
  Speaker 13: Hi everybody, I'm Jack and it's always a boy. Growing
• 10:01
  Speaker 13: up on a farm in Tennessee, I've been fascinated with animals.
• 10:04
  Speaker 13: I'm not only in all of their beauty and kindness,
• 10:06
  Speaker 13: but also their tireless work ethic. Just look at the
• 10:09
  Speaker 13: birds who gather supplies to build nests, or Swiss foxes
• 10:12
  Speaker 13: who work hard to provide for their young, or penguins
• 10:15
  Speaker 13: who travel up to five hundred miles to secure food
• 10:18
  Speaker 13: for their families, or bush babies whose impressive jump allows
• 10:21
  Speaker 13: them to navigate the trees and the wild in search
• 10:23
  Speaker 13: of fruit. This remarkable work ethic is shared by our
• 10:26
  Speaker 13: best friends, the canines. We know dogs are wonderful pets
• 10:29
  Speaker 13: at home, but because of their acute senses, they also
• 10:32
  Speaker 13: perform life saving work every day. Dogs keep us safe
• 10:35
  Speaker 13: at airports. They comfort returning veterans, some of whom suffer
• 10:38
  Speaker 13: from PTS. They work with diabetics, alerting them when there's
• 10:41
  Speaker 13: a change in their blood chemistry. Working dogs have a
• 10:44
  Speaker 13: variety of highly trained roles that contribute to society and
• 10:46
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• 10:49
  Speaker 13: Humane and supporting our heroic working dogs and all the
• 10:52
  Speaker 13: amazing animals on this planet we inhabit together.
• 10:55
  Speaker 1: Go to American Humane dot org to learn more.
• 11:00
  Speaker 14: Oh Bruhu's buzzed.
• 11:01
  Speaker 8: Oh yeah, yeah, he's starting with the woots.
• 11:05
  Speaker 14: And now a speech.
• 11:07
  Speaker 3: I just want to say that friendship is about heart,
• 11:10
  Speaker 3: art and brain.
• 11:12
  Speaker 1: Who's with me?
• 11:13
  Speaker 14: Good thing is he knows when he's buzzed, and my
• 11:15
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• 11:18
  Speaker 14: call me a ride.
• 11:19
  Speaker 4: Love that guy, me too.
• 11:21
  Speaker 15: Know your buzzed warning signs call for a ride when
• 11:24
  Speaker 15: it's time to go home.
• 11:25
  Speaker 5: Buzz driving is drunk driving.
• 11:29
  Speaker 16: Did you know that more than half our household energy
• 11:31
  Speaker 16: costs go to heating and cooling. Energy efficiency isn't just
• 11:35
  Speaker 16: good for the environment, It means lower utility bills too.
• 11:39
  Speaker 16: One way to reduce your energy waste is a home
• 11:42
  Speaker 16: energy assessment. Your utility company can help, or you can
• 11:46
  Speaker 16: learn how to do it yourself at energysavers dot gov.
• 11:49
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• 12:00
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• 12:02
  Speaker 16: energy Star logo and read the Energy Guide label, and
• 12:06
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• 12:12
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• 12:15
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• 12:19
  Speaker 16: reducing your energy waste, check out FTC dot gov slash green,
• 12:24
  Speaker 16: a tip from the Federal Trade Commission, the nation's consumer
• 12:27
  Speaker 16: protection agency.
• 12:29
  Speaker 17: As a family member or friend, you may be the
• 12:32
  Speaker 17: first to notice when a veteran you love has been
• 12:35
  Speaker 17: going through changes. Things like withdrawing, drinking more, or increased
• 12:40
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  Speaker 17: but help is available. Listen to hundreds of inspiring stories
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• 12:52
  Speaker 17: the veterans.
• 12:53
  Speaker 4: In your life.
• 12:54
  Speaker 17: Treatment works, Recovery is possible.
• 13:10
  Speaker 1: The sound of.
• 13:13
  Speaker 2: The first Thing Today by Joe Thomas on the Tunk
• 13:17
  Speaker 2: Media Network all natural and free of artificial intelligence.
• 13:34
  Speaker 1: They taking.
• 13:46
  Speaker 8: So this announcement yesterday at the State Department. A couple
• 13:51
  Speaker 8: of folks have emailed Joe, why is this a State
• 13:54
  Speaker 8: Department issue?
• 13:56
  Speaker 2: Uh?
• 13:56
  Speaker 8: Well, it is a commodity, and it is a commodity
• 14:02
  Speaker 8: that is very perilously important to the world, driven by technology.
• 14:08
  Speaker 8: And it's an acknowledgment of this. It's perhaps the first
• 14:12
  Speaker 8: real acknowledgment of something other than petroleum being this kind
• 14:18
  Speaker 8: of key natural resource. Natural gas is there, but it
• 14:26
  Speaker 8: never had that moment of saying, oh my god, we
• 14:29
  Speaker 8: need to have some of this set aside in case
• 14:32
  Speaker 8: things go pear shaped. So this strategic reserve, but also
• 14:38
  Speaker 8: beyond this, the floor that is guaranteed, Because Mike wrote
• 14:43
  Speaker 8: in Listens to Us in Greenwich on WGH, said, Joe,
• 14:49
  Speaker 8: how is this at all capitalistic? Creating a floor for
• 14:54
  Speaker 8: these rare earth minerals? Is only going to guarantee that
• 14:58
  Speaker 8: we're going to be paying more than we should for
• 15:00
  Speaker 8: our technology? Well, yes and no, because in the commodities world.
• 15:09
  Speaker 8: I hate to use this example because it's it's actually
• 15:12
  Speaker 8: a pretty good movie and Jamie Lee Curtis's well, I mean,
• 15:16
  Speaker 8: she's Jamie Lee Curtis, and you know, even when she's talking,
• 15:20
  Speaker 8: I'm not paying any attention, so she can say whatever
• 15:23
  Speaker 8: she wants. Politically, I'm not paying attention even to this day.
• 15:28
  Speaker 8: But the movie trading places kind of is an example
• 15:34
  Speaker 8: of this, if there's a pop culture way to wrap
• 15:37
  Speaker 8: your head around having a price floor for rare earth minerals,
• 15:43
  Speaker 8: and the concern macro economically is that China, with such
• 15:48
  Speaker 8: a dominant position right now in rare earth minerals, would
• 15:54
  Speaker 8: crash the market simply by saying we're communists, we don't
• 15:59
  Speaker 8: need the money, will just flood the market and wreck
• 16:03
  Speaker 8: everyone else. So it's an acknowledgement to a degree that
• 16:08
  Speaker 8: there has to be. And I understand the feeling that
• 16:12
  Speaker 8: this is almost like the farm bill, the farmer's subsidies
• 16:17
  Speaker 8: to create a floor to keep things from ever going
• 16:23
  Speaker 8: down in price, because you don't want a farmer investing,
• 16:28
  Speaker 8: let's say one hundred thousand dollars in his acreage, only
• 16:32
  Speaker 8: to have China show up with a glut of whatever
• 16:37
  Speaker 8: it is he was going. Let's say it's spinach. So
• 16:43
  Speaker 8: China buys Popeye Incorporated and has decided it's going to
• 16:47
  Speaker 8: flood the market with cheap Chinese spinach. And this guy
• 16:51
  Speaker 8: just spent one hundred thousand dollars planning a field full
• 16:54
  Speaker 8: of spinach, and the chicoms show up and they flood
• 16:58
  Speaker 8: the market. With enough spinach to make it worth almost nothing.
• 17:03
  Speaker 8: I mean it's almost free. There's so much of it
• 17:05
  Speaker 8: out there you can barely sell it.
• 17:07
  Speaker 16: All.
• 17:08
  Speaker 8: Gleaning programs are going crazy, and ships anchor tattooed draws
• 17:16
  Speaker 8: are going crazy. So the Popeye spinach company owned by
• 17:22
  Speaker 8: the Chinese Communist Party has now ruined this guy's farm
• 17:26
  Speaker 8: because he can't sell his spinach for what he invested
• 17:29
  Speaker 8: it in, because now this external force has flooded the market.
• 17:34
  Speaker 8: We've seen this happen with oil. You remember bank when
• 17:39
  Speaker 8: Christinome was just Governor of North Dakota, and she was
• 17:44
  Speaker 8: a boom because they were drilling and they were building pipelines,
• 17:48
  Speaker 8: and all the jobs seemed to be in the Dakotas.
• 17:53
  Speaker 8: Grab a parka and go, and China let loose a
• 18:03
  Speaker 8: lot of it's oil through their friends in the Middle East,
• 18:12
  Speaker 8: which brought the price of a barrel of oil down
• 18:15
  Speaker 8: under fifty dollars a barrel. You say, oh, that's good,
• 18:18
  Speaker 8: isn't it. That means our gasoline's going to be cheaper.
• 18:21
  Speaker 8: Necessarily because American oil companies couldn't afford to keep pumping
• 18:27
  Speaker 8: it through the Dakotas even if it was coming from
• 18:30
  Speaker 8: Canada because they they were spending more than Saudi Arabia was,
• 18:39
  Speaker 8: and some of these other countries that were influenced by
• 18:43
  Speaker 8: China's interest in flooding the market with cheap oil. Russia
• 18:47
  Speaker 8: did the same thing. We'll show those Americans who are paying,
• 18:52
  Speaker 8: you know, fifty dollars an hour for pipefitters. Our pipe
• 18:56
  Speaker 8: fitters are slave labor. Pah, we can under cut them.
• 19:00
  Speaker 8: We can make a gallon of sweet crude faster than
• 19:05
  Speaker 8: they can because we're communist dictatorship worse, a brutal theocratic
• 19:12
  Speaker 8: monarchy whose people are just happy that we give them
• 19:16
  Speaker 8: a little holabread on the weekends. That's the root of
• 19:21
  Speaker 8: the phrase Holla back, No, not really stop. I can
• 19:28
  Speaker 8: hear the keyboards going by the way. Yes, we know
• 19:32
  Speaker 8: it's Gerald Nadler. Jerome Nadler was an old joke in
• 19:37
  Speaker 8: New York about the former chair of the House Judiciary.
• 19:52
  Speaker 8: The Yesterday's program. We kept calling him Jerome, and somebody
• 19:56
  Speaker 8: emailed me said, you know it's Gerald. Yeah, it's an
• 19:59
  Speaker 8: old New York because Jerome had more street cred than Gerald.
• 20:06
  Speaker 8: It goes back years and years and years, and it's
• 20:08
  Speaker 8: just always stuck with Jerry Nadler, But I can hear
• 20:13
  Speaker 8: the keyboard warriors say, Joe's comparing gas to lipstick futures.
• 20:21
  Speaker 8: But if you want to crash a technology industry, and
• 20:25
  Speaker 8: this becomes a bigger question, it actually falls into the
• 20:28
  Speaker 8: same question we're asking about the Wall Street Journal and
• 20:32
  Speaker 8: the New York Post, not New York Post, Washington Post.
• 20:36
  Speaker 8: And they're layoffs. But also beyond that, the underclass of
• 20:44
  Speaker 8: illegal immigrants who are working for pennies on the dollar
• 20:48
  Speaker 8: to what an American might because the American wants to
• 20:51
  Speaker 8: buy a house or needs to rent a house and
• 20:54
  Speaker 8: it's way too expensive. And that's where we have to
• 20:59
  Speaker 8: look at how we have mismanipulated the economy by being
• 21:07
  Speaker 8: cronious because we're not a capitalist society. We have the
• 21:12
  Speaker 8: trappings of capitalism, but it's mainly cronious. Go back to
• 21:19
  Speaker 8: Bob's text from earlier this morning, quoting Elon Musk that
• 21:24
  Speaker 8: if you take five hundred dollars from one person and
• 21:27
  Speaker 8: give one hundred dollars each to four others, you've gained
• 21:31
  Speaker 8: to five others, you've gained five votes and lost one.
• 21:35
  Speaker 8: That's the Democratic plan is, you know, we will reward
• 21:40
  Speaker 8: just certain people and they will continue to support us,
• 21:44
  Speaker 8: and we will be able to pitch our populist message
• 21:47
  Speaker 8: of affordability while actually protecting a market that does anything
• 21:52
  Speaker 8: but create organic affordability as in a competitive.
• 22:02
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• 22:06
  Speaker 1: Yes?
• 22:07
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• 28:12
  Speaker 2: On a need to know basis, because you need to know.
• 28:16
  Speaker 2: The first thing today.
• 28:18
  Speaker 22: Forms Fume was about the fall victim of the dreaded
• 28:21
  Speaker 22: international Chinese Communist conspiracy. Yes, these fanatical themes under the
• 28:28
  Speaker 22: leadership of the so called Matse Tom had caught this
• 28:31
  Speaker 22: Fume upside for one brief but table movement and destroyed her.
• 28:40
  Speaker 8: Yes, indeed, yes, indeed, But now the reaction continues to
• 28:45
  Speaker 8: come in over the establishment of this rare earth minerals
• 28:51
  Speaker 8: supply and then developing a treaty system amongst these nations
• 28:56
  Speaker 8: to create a floor under which the trade will take place.
• 29:01
  Speaker 8: Terry writes in Joe, how is any of this capitalism?
• 29:06
  Speaker 8: And I was trying to get into that in the
• 29:08
  Speaker 8: last little bit. It isn't. It's a reaction me personally
• 29:12
  Speaker 8: what I would say. And you have to understand the
• 29:16
  Speaker 8: costs of doing things. So housing in China is assigned
• 29:22
  Speaker 8: by the government, so the government says, this is where
• 29:25
  Speaker 8: you're going to live, and this is what you're going
• 29:27
  Speaker 8: to do. And right now they're living, fat and happy.
• 29:33
  Speaker 8: On the previous do you remember I forgot that? It
• 29:37
  Speaker 8: wasn't I forget the previous president of China. But they
• 29:41
  Speaker 8: were a reformer.
• 29:45
  Speaker 1: And they.
• 29:48
  Speaker 8: They opened up a lot of markets and allowed for
• 29:55
  Speaker 8: more capital development in the communist country. So the development
• 30:04
  Speaker 8: of a middle class in China was something that was
• 30:12
  Speaker 8: who was who President who? Okay as opposed to doctor
• 30:17
  Speaker 8: who Who. Shintao was the president of China before Chairman
• 30:23
  Speaker 8: She and he had allowed a lot of democratization in
• 30:29
  Speaker 8: the Chinese economy. He allowed for capital development as long
• 30:33
  Speaker 8: as the party or the government owned fifty one percent
• 30:36
  Speaker 8: of it. You are allowed to have a private company
• 30:39
  Speaker 8: and develop your own monies and earn your own moneys
• 30:43
  Speaker 8: and buy your own property. And now that property driven
• 30:47
  Speaker 8: economy is teetering because the President she stopped all that.
• 30:53
  Speaker 8: He didn't stop it from existing, he stopped anything new
• 30:57
  Speaker 8: from happening in that marketplace. So the middle class that
• 31:03
  Speaker 8: President She is banking on is going away little by little,
• 31:09
  Speaker 8: some of it through emigration, some of it just through
• 31:13
  Speaker 8: aging out. And these companies are becoming wholly operated by
• 31:17
  Speaker 8: the Chinese Communist Party again. And that's how the fear
• 31:22
  Speaker 8: in this Belton Road initiative, which is really what this
• 31:26
  Speaker 8: rare earth mineral floor is about. The trade deals that
• 31:32
  Speaker 8: the Secretary of State is trying to establish with these countries,
• 31:36
  Speaker 8: is trying to unbelt, especially Sub Saharan Africa, and it
• 31:43
  Speaker 8: is something that again you don't hear about a lot,
• 31:45
  Speaker 8: but the Chinese Belt and Road initiative has been dominant,
• 31:50
  Speaker 8: and President Trump understands that it has to push back
• 31:53
  Speaker 8: against it, even as he gets ready to fly to
• 31:57
  Speaker 8: Beijing in April. Pardon me is just a dry air
• 32:03
  Speaker 8: in here. It's going to have to keep lubricated. That
• 32:06
  Speaker 8: didn't sound as good as it should have. Apologies for that.
• 32:10
  Speaker 8: So the President understands that we have to undo this
• 32:14
  Speaker 8: Belton road. That are sub Saharan African nations embroiled in
• 32:19
  Speaker 8: revolution because the poor realize that the warlords, for lack
• 32:30
  Speaker 8: of a better term, their modern warlords that running their
• 32:33
  Speaker 8: countries have sold them out to the Chaiicams. And so
• 32:39
  Speaker 8: the opportunity is there for the US government to swoop
• 32:42
  Speaker 8: in and say, no, no, here's how we do things
• 32:44
  Speaker 8: in an open market, you know, because one of the
• 32:47
  Speaker 8: reasons tariffs exist is to equalize things. So if the
• 32:52
  Speaker 8: Chinese Communist Party is going to pay so little to
• 33:00
  Speaker 8: an employee to make some cobalt, mine some cobalt, and
• 33:07
  Speaker 8: they don't need to pay them a lot because a
• 33:08
  Speaker 8: lot of their uh necessities are to where the government
• 33:14
  Speaker 8: deems necessary dealt with. You don't have to pay for
• 33:18
  Speaker 8: a doctor as long as you what you're looking for
• 33:20
  Speaker 8: the doctor to do is within the purview of what
• 33:23
  Speaker 8: the Chinese Communist Party says you should get your living quarters.
• 33:29
  Speaker 8: All of this is determined by the government, So you
• 33:33
  Speaker 8: don't need a ton of money, so we can manufacture
• 33:36
  Speaker 8: this stuff cheaply. Because we you know, the Chinese Communist Party,
• 33:41
  Speaker 8: when I speak in the Royal we you know, they
• 33:44
  Speaker 8: keep half the money, half the profits made from these industries.
• 33:56
  Speaker 8: So as if you're if you're one of these open
• 33:59
  Speaker 8: market guys, you're going to wind up falling prey to
• 34:03
  Speaker 8: the cheap stuff coming out of China because they will
• 34:08
  Speaker 8: flood the market with stuff that they can make for
• 34:11
  Speaker 8: pennies on the dollar. The point of the tariffs is
• 34:14
  Speaker 8: to say, hang on a second here and right now,
• 34:16
  Speaker 8: a lot of the rare earth mineral stuff isn't covered
• 34:19
  Speaker 8: under that because they're coming from and this was the
• 34:22
  Speaker 8: dark magic of the Belt and Road initiative was instead
• 34:26
  Speaker 8: of it all coming from China, they were coming from
• 34:31
  Speaker 8: client states of China. They were coming from places where
• 34:35
  Speaker 8: China had snuck in the back door, basically bought the
• 34:41
  Speaker 8: country and are pulling the strings of whatever generalissimo they
• 34:46
  Speaker 8: put in power and give the rifles to. And there
• 34:52
  Speaker 8: are some African nations that are revolting against that because
• 34:56
  Speaker 8: they realize the human rights violations are what they are,
• 35:04
  Speaker 8: and they realize they've been turned into ostensibly slaves in
• 35:08
  Speaker 8: their own country. So I think what the President and
• 35:13
  Speaker 8: the Vice president and the Secretary of State are doing
• 35:16
  Speaker 8: is creating a market place version of the Belton Road.
• 35:22
  Speaker 8: I'm not going to say it's a free market. Milton
• 35:24
  Speaker 8: Friedman is not on the board of this, but it
• 35:29
  Speaker 8: is a market driven version where the protection of this
• 35:34
  Speaker 8: floor under the cost of rare earth minerals is to
• 35:39
  Speaker 8: keep a place like China from flooding the market with
• 35:44
  Speaker 8: ostensibly free rare earth minerals, to protect the countries that
• 35:50
  Speaker 8: are trying to do it. This is and it's so
• 35:54
  Speaker 8: similar to the deal in between Israel and Hamas. It's
• 35:59
  Speaker 8: so similar to the deal offered in between Russia and Ukraine.
• 36:05
  Speaker 8: Work together instead of fight together, work together on commerce,
• 36:11
  Speaker 8: make things, build things. And yes, I know there have
• 36:16
  Speaker 8: been some skirmishes in between Israel and Hamas, most of
• 36:19
  Speaker 8: them very much like Minnesota, munch of them driven by Minneapolis,
• 36:24
  Speaker 8: by you know, targeted, motivated and directed agitators, designed to
• 36:31
  Speaker 8: bring a response. Israel being much less likely to wring
• 36:35
  Speaker 8: their hands over that response just says, listen, you know
• 36:40
  Speaker 8: they brought it, broke it, they bought it. We're still
• 36:43
  Speaker 8: working with the Palestinian Authority to get this deal finalized
• 36:49
  Speaker 8: and working forward. But the Peace Board is very much
• 36:56
  Speaker 8: looking at this and I was asked this, Did we
• 36:59
  Speaker 8: ever address the UN question? I know we were asked
• 37:03
  Speaker 8: last week if we thought this Peace Board that President
• 37:06
  Speaker 8: Trump started is an attempt to do an end around
• 37:10
  Speaker 8: the United Nations.
• 37:11
  Speaker 1: Yeah.
• 37:12
  Speaker 8: I think it is because the United Nations, like so
• 37:17
  Speaker 8: many industries, never really defined what they were going to be,
• 37:22
  Speaker 8: because in an effort to be what they wanted to be,
• 37:27
  Speaker 8: they had to pretend they weren't what they wanted to be.
• 37:30
  Speaker 8: Does that make any sense? The UN comes to be
• 37:35
  Speaker 8: in a world with the Soviet Union not leaving East
• 37:38
  Speaker 8: Germany the Soviet Union and acting control over so many
• 37:44
  Speaker 8: places and straight up invading others, creating the Soviet Union
• 37:49
  Speaker 8: that we knew into the nineties, But they needed them
• 37:55
  Speaker 8: as a member otherwise the premise wouldn't work. The Peace Board,
• 37:58
  Speaker 8: on a different level works.
• 38:01
  Speaker 2: At Hotshot Secret.
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  Speaker 4: Crime across the country is at an all time high.
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  Speaker 19: You were strolling along in Goodwill when just past that
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  Speaker 1: My name is Jim, I'm a veteran and I lost
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  Speaker 8: My victory was proving that disability is not a limitation.
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• 42:21
  Speaker 3: We the people are guaranteed five freedoms in the First Amendment.
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• 42:29
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• 42:35
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• 42:38
  Speaker 3: Only the United States has these five freedoms. So simply
• 42:41
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• 42:48
  Speaker 24: No word in the English language is less convincing than probably.
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  Speaker 20: Are you sure we should get matching tattoos on our
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  Speaker 6: I can probably swim.
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  Speaker 9: You should wait thirty minutes.
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  Speaker 8: Okay, tell me what to do?
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  Speaker 20: Don't Serve Teens program and the Federal Trade Commission.
• 44:00
  Speaker 1: Yeah, what does band mind Christmas?
• 44:20
  Speaker 2: To who starts from the home of the First Amendment?
• 44:25
  Speaker 2: First thing today?
• 44:34
  Speaker 1: Chose?
• 44:38
  Speaker 2: Wait what.
• 44:45
  Speaker 1: I want?
• 44:46
  Speaker 20: Choose?
• 44:49
  Speaker 1: Chose?
• 44:52
  Speaker 8: That's what always is. It comes down to your right
• 44:55
  Speaker 8: to choose, and and nobody trusts that, and everyone wants
• 44:58
  Speaker 8: to gain that system. It's it's it's not sufficient enough
• 45:01
  Speaker 8: just to make a widget and then go around try
• 45:05
  Speaker 8: to tell people. Everyone wants a quick way in. Everyone
• 45:09
  Speaker 8: wants to have the market to themselves so we can
• 45:14
  Speaker 8: relax a little. That's you asked a lot of folks
• 45:19
  Speaker 8: the way, like, oh, I just want to work this
• 45:21
  Speaker 8: hard until I can retire and then I'll relax. But
• 45:29
  Speaker 8: at the end of the day, you still need to
• 45:30
  Speaker 8: be contributing something. And I talked to retirees all the time,
• 45:34
  Speaker 8: and there is that bucket list period where they go
• 45:38
  Speaker 8: through and they're just doing stuff and they're just you know,
• 45:43
  Speaker 8: visiting places that maybe they visited once and they want
• 45:46
  Speaker 8: to visit again and all of that. But eventually they
• 45:49
  Speaker 8: come back to I want to do something. Friends of
• 45:52
  Speaker 8: mine bought, sold their home, bought a motor home, drove
• 45:56
  Speaker 8: all over the country, and I think they've settled in Tennessee,
• 46:01
  Speaker 8: and I have to check. I think they may be
• 46:04
  Speaker 8: near our new friends in Chattanooga picking up the show there.
• 46:09
  Speaker 8: They may be off in Memphis, but I do believe
• 46:12
  Speaker 8: they're in Tennessee and they're making jewelry. Now, who do
• 46:18
  Speaker 8: I mean? But they after a bit of having the
• 46:20
  Speaker 8: fun of driving around. So you know, Okay, we should
• 46:23
  Speaker 8: do something, because that's the nature of the human mind
• 46:27
  Speaker 8: is we should We should be doing something, and that's
• 46:31
  Speaker 8: what we do here, is that's our business model. We
• 46:33
  Speaker 8: should be doing something. Seally writes in From the Four Corners.
• 46:39
  Speaker 8: She says, I'm not a team follower, but I like
• 46:41
  Speaker 8: watching sports to see, uh, the incredible athleticism. I like
• 46:46
  Speaker 8: your sports segment because of your enthusiasm and depth of knowledge.
• 46:50
  Speaker 8: The names and numbers just wash over me, reminding me
• 46:53
  Speaker 8: of listening to a BBC Radio four program the shipping
• 46:57
  Speaker 8: forecast's names in numbers, you know, And we get this
• 47:03
  Speaker 8: a lot. I'll get some folks saying that when Mac
• 47:06
  Speaker 8: and I get talking about sports that they are sports
• 47:11
  Speaker 8: fans and they appreciate what they do, and they find
• 47:14
  Speaker 8: themselves not enjoying sports radio because it's not like that anymore.
• 47:19
  Speaker 8: But I will draw a parallel to what happens in
• 47:22
  Speaker 8: the news radio. The spoken word format is falling prey
• 47:25
  Speaker 8: to this. So a lot of people don't like sports
• 47:28
  Speaker 8: radio because of the team contracts like the NFL National
• 47:34
  Speaker 8: Football League or not for long, depending issues. The National
• 47:38
  Speaker 8: Football League just made this huge deal to buy up
• 47:44
  Speaker 8: whole big segments of the ESPN network to move their
• 47:51
  Speaker 8: products on. So ESPN is now in like a Chinese
• 47:59
  Speaker 8: Communist party country is a company is now partially owned
• 48:03
  Speaker 8: by the National Football League. So if you were starting
• 48:06
  Speaker 8: up a rival network, a rival football league, which has
• 48:10
  Speaker 8: happened several times, where would you go for coverage? ESPN
• 48:16
  Speaker 8: you would just expect wouldn't cover your games in the
• 48:24
  Speaker 8: Centralization of everything in America is not good and a
• 48:31
  Speaker 8: lot of it comes from the same place. We always
• 48:34
  Speaker 8: want more. You know, some news anchor wants, you know,
• 48:41
  Speaker 8: ten million dollars more a year to host their show
• 48:44
  Speaker 8: because it is popular. But at what point does it
• 48:47
  Speaker 8: stop being popular just because they are there and because
• 48:51
  Speaker 8: of the program that has developed and is serving the customer.
• 48:56
  Speaker 8: And how important is this anchor to that service versus
• 49:00
  Speaker 8: all the other people who now don't have any money
• 49:03
  Speaker 8: to pay them because we've committed all of this budget
• 49:06
  Speaker 8: to the anchor, and can we recruit that cost through
• 49:11
  Speaker 8: advertising sponsorship? That's the whole way this works. And this
• 49:16
  Speaker 8: is kind of tying in to the Washington Post and
• 49:20
  Speaker 8: its closure of so much of its business, and that's stunning.
• 49:25
  Speaker 8: We can't be everything to everyone. Well, actually newspapers used
• 49:29
  Speaker 8: to be able to. But sports talk falls into the
• 49:35
  Speaker 8: same issue that news talk does. They become purchased by
• 49:39
  Speaker 8: the team. So you go in and we are the
• 49:45
  Speaker 8: flagship station of the New York Yankees. Okay, so I'll
• 49:51
  Speaker 8: presume your morning talk show isn't going to be critical
• 49:54
  Speaker 8: of the Yankees. And we have news talk operations that
• 50:02
  Speaker 8: are perfunctorily parts of the Republican Party in a large degree,
• 50:08
  Speaker 8: and perfunctively parts of the Democratic Party. We have big
• 50:16
  Speaker 8: swaths of the news broadcast media that are just out
• 50:20
  Speaker 8: there rooting for Democrats to win. And you wonder why.
• 50:24
  Speaker 8: It's in many cases the same thing that happens with
• 50:27
  Speaker 8: these sports stations access. It's not just the sponsorship. But
• 50:34
  Speaker 8: if you're the flagship station of the I don't know
• 50:38
  Speaker 8: the Philadelphia Eagles, well, now you have access to the
• 50:43
  Speaker 8: Philadelphia Eagles that none of your competitors do. You can't
• 50:47
  Speaker 8: say anything bad about the Philadelphia Eagles, but you can
• 50:51
  Speaker 8: talk to the head coach on Monday mornings, New England
• 50:54
  Speaker 8: or wherever you are, so you sell out to that access. Oh,
• 51:00
  Speaker 8: we can do a phone with Donald Trump once a
• 51:02
  Speaker 8: year or once a month or whatever the schedule is. Oh, well,
• 51:05
  Speaker 8: we better not say anything, you know, critical about Donald Trump.
• 51:09
  Speaker 8: We better not even allude to the fact that there
• 51:12
  Speaker 8: is anything critical to say about Donald Trump. So you know, Seeley,
• 51:19
  Speaker 8: what you sense in sports radio what a lot of
• 51:21
  Speaker 8: folks do when they hear like me and Mac talk
• 51:23
  Speaker 8: and and like why doesn't sports radio like that? Because
• 51:26
  Speaker 8: we are independent, because we aren't kneeling too And if
• 51:34
  Speaker 8: Donald Trump wants to come on this program that is great.
• 51:39
  Speaker 8: We're going to go to Sea Pack in March and
• 51:44
  Speaker 8: broadcast live from their media row, and we're going to
• 51:46
  Speaker 8: try to get notable folks to come by and join
• 51:49
  Speaker 8: us and talk about what's going on. But I'm not
• 51:52
  Speaker 8: just going to sit there and read their press releases.
• 51:59
  Speaker 8: The last time when we were at Seapack and we
• 52:01
  Speaker 8: had Tulsi Gabbard and Tom Homan and they were great,
• 52:05
  Speaker 8: they were great. We also had a lot of people
• 52:07
  Speaker 8: who are at their sales pitching, you know, just like
• 52:10
  Speaker 8: the guy at the start of the segment he starts monologing.
• 52:13
  Speaker 8: You get guys who you know, monomaniacally are selling their
• 52:18
  Speaker 8: senate campaign or their president. Hey, so let me ask
• 52:21
  Speaker 8: you about the rare earth minerals. Well, you know, I'm
• 52:23
  Speaker 8: running for Senate because the people of my state deserve
• 52:27
  Speaker 8: a choice. And I'm like, all right, I get that.
• 52:29
  Speaker 8: Can we stipulate you got that? Tell me what you're thinking,
• 52:32
  Speaker 8: tell me what's driving your soul. And sports talk radio
• 52:36
  Speaker 8: is very much like that. It's the it's the sirens
• 52:40
  Speaker 8: song of access that pulls you towards the rocks and
• 52:44
  Speaker 8: you wind up damaged. Anyway, we've got to run until
• 52:46
  Speaker 8: tomorrow morning. I'm Joe Thomas, so long and thanks for
• 52:50
  Speaker 8: all the fish.
• 52:51
  Speaker 4: Crime across the country is at an all time high.
• 52:54
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