Latest / Ron Verb / Tuesday 6pm hour 05/05/26

Transcript

Tuesday 6pm hour 05/05/26 · Ron Verb

• 0:00
  Speaker 1: Well, it's 6.05, NewsRadio 570, Doty Kivian. Rain in my
• 0:04
  Speaker 1: neck of the woods coming tonight, where they say we
• 0:07
  Speaker 1: could have half an inch or more of additional rain tonight,
• 0:14
  Speaker 1: which is exactly what we don't need, incidentally, with all
• 0:16
  Speaker 1: this rain that we've been having. And boy, April was
• 0:18
  Speaker 1: just such a wet month. And May as well. Everything
• 0:22
  Speaker 1: is so saturated. The ground is so saturated. Just not
• 0:26
  Speaker 1: getting a chance to dry out as we are now
• 0:29
  Speaker 1: into the first week of May behind us. Chilly out there,
• 0:31
  Speaker 1: 64 degrees, but half inch or more rain coming tonight
• 0:36
  Speaker 1: to saturate the ground even more. News Radio 570, WKBN
• 0:40
  Speaker 1: and Ron Ferb.
• 0:41
  Speaker 2: G2, finally, finally, finally.
• 0:43
  Speaker 3: Hello. Good evening, Ron. How are you?
• 0:46
  Speaker 2: I am well.
• 0:47
  Speaker 1: So much to talk about. So much to cover. Uh,
• 0:51
  Speaker 1: Let me back up and just– and you can take
• 0:53
  Speaker 1: it from here. I mean, I know initially when this
• 0:56
  Speaker 1: situation in Iran started, I mean, there was a debate
• 1:00
  Speaker 1: going on whether or not we should get involved from
• 1:03
  Speaker 1: the very beginning. And a lot of schools have thought
• 1:06
  Speaker 1: whether or not the involvement was really orchestrated by Israel
• 1:11
  Speaker 1: to get us involved in this and in their best
• 1:13
  Speaker 1: interest as opposed to America's best interest. And that debate
• 1:18
  Speaker 1: certainly is worth revisiting or having when this passes, if
• 1:23
  Speaker 1: you will. But I don't know if it's worth covering
• 1:27
  Speaker 1: again or not, because the situation is it's here and
• 1:30
  Speaker 1: it's happening. And it really doesn't matter. I mean, it's
• 1:34
  Speaker 1: kind of like rehashing old news, right? I mean, because
• 1:37
  Speaker 1: what difference does it make to quote Hillary Clinton? We're
• 1:41
  Speaker 1: involved in a situation right now.
• 1:44
  Speaker 4: And..
• 1:46
  Speaker 2: Thoughts about it?
• 1:48
  Speaker 3: Well, I mean, look, it should be clear, and it
• 1:50
  Speaker 3: shouldn't take a lot of time to figure out how
• 1:52
  Speaker 3: we got in this war. As soon as this war
• 1:55
  Speaker 3: was ramping up, several members of the administration came out
• 2:00
  Speaker 3: and said that Israel was going to attack Iran, and
• 2:03
  Speaker 3: they were concerned that Iran would then attack U.S. forces
• 2:05
  Speaker 3: in the east, so we were forced to go in
• 2:07
  Speaker 3: alongside it. Rubio said it, others said it. So we
• 2:10
  Speaker 3: know that we didn't go in because of some threat
• 2:13
  Speaker 3: of an imminent nuclear attack or or these other narratives
• 2:16
  Speaker 3: that came out later. We went in because Israel said so.
• 2:19
  Speaker 3: And they said so, I'm guessing, at that point, because
• 2:22
  Speaker 3: they're concerned about Trump losing leverage in the midterms. So
• 2:25
  Speaker 3: they wanted to get this war well underway before the midterms,
• 2:28
  Speaker 3: when they'd have to negotiate with the Democrats, and God
• 2:31
  Speaker 3: knows what they'd have to offer them to start this war.
• 2:33
  Speaker 3: So that's undoubtedly why we went in. But to your point,
• 2:38
  Speaker 3: we're in. Now, we've said it a bunch of times,
• 2:41
  Speaker 3: it's worth saying again, the military execution of this war
• 2:44
  Speaker 3: has been tremendous. 13,000 U.S. attacks on targets within Iran,
• 2:49
  Speaker 3: devastating their air cover, their anti-aircraft defense, their Air Force,
• 2:53
  Speaker 3: their Navy. I mean, really devastating those. And we could
• 2:56
  Speaker 3: see some of the evidence of that this week as
• 2:58
  Speaker 3: Iran launched these six little ships or boats out into
• 3:01
  Speaker 3: the strait, which the U.S. Navy took out. So, you know,
• 3:05
  Speaker 3: they really can't mount the kind of attacks they were
• 3:08
  Speaker 3: able to at the beginning. And they've lashed out at
• 3:10
  Speaker 3: the neighboring countries. And it's clear that they still have
• 3:13
  Speaker 3: some missile inventory and a lot of drone inventory. Having
• 3:17
  Speaker 3: the inventory and using it is a different thing. The
• 3:20
  Speaker 3: most important thing to keep in mind, which I think
• 3:23
  Speaker 3: is what's in the front of Trump's mind, is that
• 3:25
  Speaker 3: their ground forces are virtually intact. Of course, they've had
• 3:29
  Speaker 3: casualties along these as these air raids have happened, but
• 3:33
  Speaker 3: their ground forces are not eroded. So with no degradation
• 3:37
  Speaker 3: of ground forces, the idea of going in and actually
• 3:40
  Speaker 3: launching a ground assault would be devastating. So all of
• 3:43
  Speaker 3: that stuff that we've said over the last two months
• 3:45
  Speaker 3: still holds, right? And so we are here, and now
• 3:49
  Speaker 3: it's time to execute. And, of course, Iran has two
• 3:53
  Speaker 3: major things they want to focus on. They want to
• 3:55
  Speaker 3: maintain control of the Strait of Hormuz because while they
• 3:58
  Speaker 3: no longer control 20 or so percent, 21 million barrels
• 4:02
  Speaker 3: a day of oil because Saudis found other ways out,
• 4:06
  Speaker 3: UAE's shipping out below the strait, uh... through pipelines you
• 4:09
  Speaker 3: know they've they've lost some of that leverage but they
• 4:11
  Speaker 3: still have tremendous leverage because in a market of of
• 4:14
  Speaker 3: a hundred and five million if you can stop eight
• 4:17
  Speaker 3: million barrels a day from moving you have tremendous leverage
• 4:20
  Speaker 3: remember in a commodity it's that incremental volume that sets
• 4:24
  Speaker 3: price is that the price paid for that last bit uh...
• 4:28
  Speaker 3: that you know to get it delivered to get a
• 4:31
  Speaker 3: redirected and and now in order to get oil in
• 4:34
  Speaker 3: a certain areas you're gonna have to pay a premium
• 4:37
  Speaker 3: Because you've got to divert it from historic and natural
• 4:40
  Speaker 3: flows to replace maybe a million barrels you're missing or
• 4:43
  Speaker 3: two million or whatnot, right? So this disruption of the
• 4:47
  Speaker 3: oil market, it's a big deal. The fact that the U.S.
• 4:50
  Speaker 3: is producing 13 million barrels a day is just astonishing
• 4:54
  Speaker 3: and is a major offset. So it's, you know, the U.S., Saudi,
• 4:57
  Speaker 3: and the UAE have really done a lot to offset this.
• 5:00
  Speaker 3: I'm sure there's going to be additional production coming from
• 5:02
  Speaker 3: elsewhere to begin to erode that little number. And the breakdown...
• 5:07
  Speaker 3: You know, thinking about long-term benefits of this war, there
• 5:10
  Speaker 3: will be some. The breakdown of OPEC, you know, that
• 5:14
  Speaker 3: could be a really significant improvement because OPEC is, as
• 5:17
  Speaker 3: you know, controlled production levels to maintain oil and gas prices.
• 5:23
  Speaker 3: Seems like that's going by the wayside of Saudi and
• 5:26
  Speaker 3: others that can get to market are saying, hey, we're
• 5:28
  Speaker 3: going to pump all we can pump. Having Iran no
• 5:31
  Speaker 3: longer able to fund Hezbollah and Hamas, uh... having them
• 5:34
  Speaker 3: no longer control the straight no longer holder a stranglehold
• 5:37
  Speaker 3: on on the world that would be a great achievement
• 5:40
  Speaker 3: having them stop from additional threats of terrorism would be
• 5:44
  Speaker 3: great eliminating china's ability to buy oil well below market
• 5:49
  Speaker 3: first as well as and you know ran it it's
• 5:52
  Speaker 3: it's a big move so there's some very strong positive
• 5:55
  Speaker 3: that can come out of this uh... for the world
• 5:58
  Speaker 3: and and so we we can't really ignore that because
• 6:01
  Speaker 3: what we could end up with is a much more
• 6:04
  Speaker 3: free and open-flowing oil market going forward, which will benefit
• 6:07
  Speaker 3: consumers globally, and, of course, the U.S. economy will benefit.
• 6:10
  Speaker 3: All right, so there's some great benefits from that. The other,
• 6:14
  Speaker 3: of course, key issue for Iran is the nuclear weapon.
• 6:18
  Speaker 3: They desperately want to get one because they see it
• 6:20
  Speaker 3: as putting them on an equal footing with other nations.
• 6:24
  Speaker 3: I don't see there's any way that the world is
• 6:26
  Speaker 3: going to let Iran get a nuclear weapon. I just
• 6:28
  Speaker 3: can't see any way it's going to happen. And as
• 6:31
  Speaker 3: I've said before, if China or Russia or Pakistan wanted
• 6:36
  Speaker 3: the Iranians to have a nuclear weapon, they would have one.
• 6:39
  Speaker 3: It's just not that hard. So I don't see that
• 6:44
  Speaker 3: as a goal anyone's going to support. And when you
• 6:47
  Speaker 3: ask yourself, why is it that China hasn't come raging
• 6:51
  Speaker 3: into this war to help Iran? I mean, they may
• 6:52
  Speaker 3: have helped around the edges, but they're not taking this on.
• 6:56
  Speaker 3: And I think there are a couple of reasons. One
• 6:58
  Speaker 3: is they don't want to screw up their own economy
• 6:59
  Speaker 3: any further. Second of all, this isn't their fight. And thirdly,
• 7:02
  Speaker 3: do you really think they want Iran to have a
• 7:04
  Speaker 3: nuclear weapon and the ability to stop 20% of the
• 7:07
  Speaker 3: world's global oil supply from flowing? I don't think China
• 7:10
  Speaker 3: wants that. So these are, let's say, associates, but I'm
• 7:14
  Speaker 3: not sure they're blood brothers, right? So in many ways,
• 7:19
  Speaker 3: this has gone extremely well. And I think it's going
• 7:22
  Speaker 3: to go, you know, it's difficult to say how it's
• 7:25
  Speaker 3: going to go in the future. What we're hearing now
• 7:28
  Speaker 3: are these two schools of thought. One is Trump is
• 7:30
  Speaker 3: a genius, does no wrong, and, you know, this war
• 7:34
  Speaker 3: was imminent, needed. You know, the nuclear threat, we were
• 7:37
  Speaker 3: all going to die in a big mushroom cloud. The
• 7:39
  Speaker 3: other is Iran's holding all the cards they can hold out,
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  Speaker 3: and for some reason Iran is immune to economics so
• 7:47
  Speaker 3: they can hold out forever and win this war, and
• 7:50
  Speaker 3: they're winning now. Those are both wrong. You know, so
• 7:54
  Speaker 3: first of all, Iran is not immune to economics. You've
• 7:57
  Speaker 3: heard me say before, you don't buy tyranny at Costco
• 8:00
  Speaker 3: at a discount. It's a premium luxury good. This is
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  Speaker 3: Louis Vuitton-level good, right? This is a luxury good, being
• 8:08
  Speaker 3: able to oppress, crush, suppress your own people, steal all
• 8:13
  Speaker 3: their money. I know the U.S. is on the track
• 8:15
  Speaker 3: to getting there, but we're now just at the best
• 8:17
  Speaker 3: theft and corruption level. We're not yet at full tyranny.
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  Speaker 3: Tyranny is expensive. It's hard. You have to pay people
• 8:24
  Speaker 3: a lot of money to abuse and shoot and rob
• 8:27
  Speaker 3: their countrymen. So when Trump blockaded the Strait and took
• 8:34
  Speaker 3: $ 400 million a day of revenue out of the coffers
• 8:38
  Speaker 3: of the regime that's controlling Iran, that was a huge hit.
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  Speaker 3: And I don't understand why people think somehow Iran is
• 8:45
  Speaker 3: immune to economics when their ally, what's his name, Obama,
• 8:48
  Speaker 3: was shipping them pallets of cash and freeing up billions
• 8:51
  Speaker 3: of dollars of restricted assets because he knew they needed
• 8:55
  Speaker 3: the money to continue their terrorist activities. So he gave
• 8:59
  Speaker 3: them the money in alignment with his personal goals. All right,
• 9:04
  Speaker 3: so they are not immune to economics. There is no
• 9:07
  Speaker 3: nation yet that's been immune to economics. And when you
• 9:09
  Speaker 3: look around the Middle East and all the opulence, they're
• 9:12
  Speaker 3: all in need of constant heavy cash flow. So let's
• 9:18
  Speaker 3: be clear, right? That's going to have an impact. I mean,
• 9:20
  Speaker 3: it's impossible to think it isn't. So, yes, they're under attack,
• 9:24
  Speaker 3: or they're under stress now. Now, the other thing with Iran,
• 9:26
  Speaker 3: of course, is after several rounds of devastating and just deleting,
• 9:31
  Speaker 3: as they say on the net now, deleting their leadership,
• 9:34
  Speaker 3: military and civilian, it's not really clear who speaks for
• 9:37
  Speaker 3: that regime. I'm certain that there is an ongoing battle
• 9:41
  Speaker 3: inside for control and power. You've got radical fundamentalist Islamists.
• 9:45
  Speaker 3: You've got the opportunists, as we have here. You've got
• 9:48
  Speaker 3: the people that want peace. I'm sure there's a mix.
• 9:51
  Speaker 3: In a battle, there's going to be more death and
• 9:53
  Speaker 3: disappearance of leaders in Iran over the next few months.
• 9:56
  Speaker 3: And out of this, somehow, something has come up that
• 9:58
  Speaker 3: we can negotiate with. But this isn't going to be
• 10:01
  Speaker 3: just a straight, simple negotiation. This is going to take time.
• 10:05
  Speaker 3: There are going to be good days and bad days.
• 10:08
  Speaker 3: And when a group emerges that can actually speak for
• 10:11
  Speaker 3: and commit to things for the government of Iran, then
• 10:13
  Speaker 3: we'll start to see some... some solidification. But look what's
• 10:18
  Speaker 3: not happening now. Now, they attacked a UAE facility the
• 10:23
  Speaker 3: other day. That was a bad act. And they sent
• 10:26
  Speaker 3: those six boats out that the Navy blew up. But
• 10:30
  Speaker 3: they're not launching at the kind of level they could,
• 10:32
  Speaker 3: given the inventory of drones and missiles they have left.
• 10:37
  Speaker 3: Alec was talking about the dust the other day. I
• 10:39
  Speaker 3: don't think the dust and the uranium dust, that's not,
• 10:43
  Speaker 3: I don't think about stopping them from making a bomb,
• 10:46
  Speaker 3: I think that's about gathering evidence for an investigation into
• 10:49
  Speaker 3: how they got that dust. So I think that's why
• 10:51
  Speaker 3: the dust suddenly became important. But that's not a sidebar.
• 10:55
  Speaker 3: So now you've got this country that's had several rounds
• 10:58
  Speaker 3: of leadership devastated. They're in economic distress. Their people are restless.
• 11:02
  Speaker 3: Of course, they've got millions, probably 30 million of the
• 11:06
  Speaker 3: population that loves this regime, loves their women in tents.
• 11:10
  Speaker 3: you know, the absolutely dedicated Shreela. But you know they
• 11:13
  Speaker 3: don't have all of them. So there's stress in the country.
• 11:16
  Speaker 3: There's economic stress. They're going to have problems as well
• 11:19
  Speaker 3: with things like water and food. And that's there. Now,
• 11:23
  Speaker 3: on our side, this gasoline price is a problem. And
• 11:27
  Speaker 3: if you go back to your earlier conversation, you read
• 11:30
  Speaker 3: an article from Fox News about a guy named Schilling
• 11:34
  Speaker 3: who has spent a lot of time telling us that
• 11:36
  Speaker 3: collapse is coming. Now, I share some of his concerns.
• 11:40
  Speaker 3: But he really said some things in there that were misleading.
• 11:42
  Speaker 3: For example, he said business insiders cited that broader capital
• 11:46
  Speaker 3: expenditures grew by just 3.9% by the end of 2025,
• 11:51
  Speaker 3: compared with a pandemic peak of 24% CapEx growth. Now,
• 11:55
  Speaker 3: that is offensively misleading, and he knows it. Because what
• 11:58
  Speaker 3: he's saying is that after the pandemic or during the pandemic,
• 12:02
  Speaker 3: when capital expenditures fell to near zero, they showed a 24% increase. Well,
• 12:05
  Speaker 3: you know, 1 to 24 is a 2,400% increase, or 240% increase, rather.
• 12:15
  Speaker 3: It's silly to take economic activity in the center of
• 12:19
  Speaker 3: a crisis and somehow use that and growing out of
• 12:21
  Speaker 3: the crisis as a gauge for what's happening. So let's
• 12:23
  Speaker 3: look at the real business investment numbers. In 2019, we had,
• 12:30
  Speaker 3: let's call it, $ 2. 7 trillion of capital investment by businesses. 2020, again,
• 12:35
  Speaker 3: around that amount, a little less. will be ok a
• 12:38
  Speaker 3: couple hundred million less in twenty twenty four it was
• 12:41
  Speaker 3: four billion four trillion in twenty five it's four point
• 12:45
  Speaker 3: three trillion and in the first quarter twenty six of
• 12:48
  Speaker 3: the four point five trillion we've had robust capital investment
• 12:52
  Speaker 3: growth that is on keeping up some of this is
• 12:54
  Speaker 3: driven by the pay i think which is going to
• 12:56
  Speaker 3: become a problem but but nevertheless we have group bus
• 13:00
  Speaker 3: capital investment this country and if you remember When Trump
• 13:04
  Speaker 3: negotiated all these trillions of dollars of capital investments coming in,
• 13:07
  Speaker 3: and we were talking about it, he said something like
• 13:08
  Speaker 3: $ 17 to $ 20 trillion. We said, hey, look, if he
• 13:10
  Speaker 3: gets $ 3 to $ 5 trillion, it'll change everything. By this
• 13:14
  Speaker 3: time last year, they'd increased jobs in the United States
• 13:16
  Speaker 3: by $ 415, 000 with those investments. So we are definitely facing
• 13:23
  Speaker 3: stress from the increase in gas prices, not as much
• 13:26
  Speaker 3: stress as we are from the fraud. that the federal, state,
• 13:29
  Speaker 3: and local governments are analyzing our country with, that's a
• 13:33
  Speaker 3: far bigger cost, right? Like the $ 16 billion of fraud
• 13:36
  Speaker 3: in Ohio. You know, this is a much bigger cost
• 13:39
  Speaker 3: than the price of gas. But nevertheless, this gasoline is
• 13:43
  Speaker 3: hurting us. It's going to drive some incremental inflation. But remember, inflation,
• 13:47
  Speaker 3: I don't use the Bureau of Labor Statistics numbers. I
• 13:49
  Speaker 3: use trueflation. Inflation is actually at a pretty low level.
• 13:52
  Speaker 3: It had gotten down to about 0.7% before this war.
• 13:57
  Speaker 3: But our capital investment numbers are good. GDP is growing.
• 14:02
  Speaker 3: I think some of that's inflation, but it's growing. And
• 14:04
  Speaker 3: some of that's, you know, I don't like the way
• 14:06
  Speaker 3: it's counted, but nevertheless, it's growing. And we've got good
• 14:12
  Speaker 3: and bad things in our economy. But to portray the U.S.
• 14:14
  Speaker 3: economy as collapsing because we aren't at the level of
• 14:18
  Speaker 3: growth that we were at after the shutdown of the
• 14:21
  Speaker 3: economy during the COVID thing, that's disingenuous. Now, Frank made
• 14:25
  Speaker 3: a couple of comments that I found interesting. He said
• 14:28
  Speaker 3: that his investments in Asia are, quote, soaring. So let
• 14:34
  Speaker 3: me give you some thoughts on that, because it's really interesting.
• 14:38
  Speaker 3: The S & P 500 last 12-month performance is eight
• 14:42
  Speaker 3: times better than the Shanghai Index. Now, neither is very
• 14:46
  Speaker 3: impressive at this point, but the U.S. markets are trading
• 14:52
  Speaker 3: at an all-time high. So the S & P is trading...
• 14:54
  Speaker 3: at an all-time high okay now the hong kong index
• 14:58
  Speaker 3: it peaked in january it's off seven percent from its
• 15:00
  Speaker 3: peak so soaring in hong kong means down seven percent
• 15:06
  Speaker 3: it's just not true and the point is that these
• 15:09
  Speaker 3: economic analyses are so often molded like by selectively presented
• 15:14
  Speaker 3: data that is just wrong yes this inflation is going
• 15:18
  Speaker 3: to be a problem yes, the consumer is going to
• 15:21
  Speaker 3: be very angry about the price of gas. It doesn't
• 15:23
  Speaker 3: matter that it was higher under Biden. They don't care.
• 15:26
  Speaker 3: They hired Trump to bring it down. He did. And
• 15:28
  Speaker 3: then he drove it back up for reasons they don't accept.
• 15:31
  Speaker 3: So there's no doubt that's a problem. I do believe
• 15:34
  Speaker 3: that once this trade is really open and flowing, and
• 15:36
  Speaker 3: maybe they're having some success today, we'll see later, but
• 15:39
  Speaker 3: once this trade is open and oil is flowing again
• 15:41
  Speaker 3: and we get full restoration... It'll take about 30 days
• 15:44
  Speaker 3: to refill the supply chains. Of course, strategic petroleum reserves
• 15:47
  Speaker 3: have been drawn down in countries. China's living on a
• 15:50
  Speaker 3: lot of reserves. But it'll take about 30 days to resume,
• 15:53
  Speaker 3: and then we'll see gas prices normalize back down. If
• 15:56
  Speaker 3: Saudi and UAE pump at larger numbers than OPEC allowed,
• 16:00
  Speaker 3: we may see lower gas prices still than we saw now.
• 16:03
  Speaker 3: So we don't know what's coming. This is going to
• 16:06
  Speaker 3: be a bumpy ride. We cannot see into the negotiation room. because,
• 16:11
  Speaker 3: you know, we're not even sure who on the other
• 16:13
  Speaker 3: side is there.
• 16:14
  Speaker 2: Hold that thought. Hold that thought. Hold that thought. He's
• 16:16
  Speaker 2: on a roll tonight. And we'll pick up with that
• 16:19
  Speaker 2: with G2 and calls. Stay with us. For Judge. 570 WKBN.
• 16:26
  Speaker 1: And Ron Firm, NewsRadio 570 WKBN, with you until 7
• 16:30
  Speaker 1: o'clock tonight. G2 at long last. We've got some time
• 16:34
  Speaker 1: for a little G2 dose here on NewsRadio 570 WKBN.
• 16:37
  Speaker 1: Go ahead and finish the thoughts that you're making.
• 16:40
  Speaker 3: Well, coming back to the economy then, there's a billionaire
• 16:43
  Speaker 3: named Leon Cooperman was just on, I think he was
• 16:46
  Speaker 3: on Fox, and he makes the comment that, you know,
• 16:49
  Speaker 3: that the market was already weakening going into this war,
• 16:53
  Speaker 3: but we've seen earnings growth of about 3%. So he
• 16:57
  Speaker 3: says that's what we're looking at, and we don't see
• 16:59
  Speaker 3: a recession this year. Though gas price is a big hit,
• 17:02
  Speaker 3: it's got to be impactful. It's very visible to the voter.
• 17:05
  Speaker 3: That's a problem. You know, but if the Republicans in
• 17:08
  Speaker 3: Congress decided to stand up and actually implement the American agenda,
• 17:12
  Speaker 3: it would overwhelm the price of gas. There are other
• 17:16
  Speaker 3: things that could happen. Now, shifting over to China, right?
• 17:19
  Speaker 3: China used to have this double-digit economic growth. It's not
• 17:23
  Speaker 3: doing that now. It's growing at about 5%, which by
• 17:26
  Speaker 3: our standards would be incredibly healthy. China used to grow
• 17:29
  Speaker 3: much higher than that, at much higher rates than that.
• 17:32
  Speaker 3: But they do have this problem in their property sector,
• 17:34
  Speaker 3: which is like, I don't know, 30 or something. Somebody
• 17:37
  Speaker 3: can look it up. 30 or 40% of their economy. So,
• 17:40
  Speaker 3: you know, you remember back when they put tanks around
• 17:42
  Speaker 3: their largest property developer? The names escape me right now.
• 17:46
  Speaker 3: I can't remember. But they put tanks around it. It
• 17:48
  Speaker 3: had $ 300 billion in debt and it defaulted. And they
• 17:50
  Speaker 3: told all their customers, listen, your deposits on your homes
• 17:54
  Speaker 3: that they were to build for you are now going
• 17:56
  Speaker 3: to be considered equity investments. You don't get your money back.
• 18:00
  Speaker 3: I mean, this was a big move. And it's not
• 18:04
  Speaker 3: caused the collapse that many feared. But, you know, the
• 18:07
  Speaker 3: Chinese have to be careful with this economy because they
• 18:10
  Speaker 3: have a lot of dependency on exports. They have a
• 18:12
  Speaker 3: very heavy dependency on imported oil. It's not the raging
• 18:17
  Speaker 3: bull that we're often told it is. It's a very,
• 18:21
  Speaker 3: in many ways, it's sound, it's doing okay, but it's
• 18:24
  Speaker 3: got some serious risks. And I think we can't really
• 18:29
  Speaker 3: ignore that in this idea that Frank was bringing up,
• 18:33
  Speaker 3: that somehow China's the..
• 18:36
  Speaker 4: Uh..
• 18:36
  Speaker 3: The glowing example of of wonderment it simply isn't and
• 18:40
  Speaker 3: i will tell you if the united states hadn't decided
• 18:43
  Speaker 3: to sacrifice its core jobs to transfer all this high-value
• 18:50
  Speaker 3: employment and and high-value manufacturing into china you know if
• 18:55
  Speaker 3: we hadn't done that which is treason to the u
• 18:58
  Speaker 3: s the china's economy would have never grown like this
• 19:01
  Speaker 3: if if europe had not allowed itself to engage in
• 19:06
  Speaker 3: a parasitic relationship with us where it lives off of us,
• 19:08
  Speaker 3: you know, defense and economy, and then it outsourced its
• 19:12
  Speaker 3: work to China, then China would not be doing as well.
• 19:15
  Speaker 3: So we feed China both through the EU and direct
• 19:19
  Speaker 3: by allowing its parasitic relationship with the U.S. to continue. Now,
• 19:23
  Speaker 3: of course, China buys stuff from the U.S., but we
• 19:25
  Speaker 3: all know that's in one way or another.
• 19:27
  Speaker 1: Well, China's economies are dependent on the United States marketplace.
• 19:31
  Speaker 5: Agree? Agree.
• 19:32
  Speaker 3: Absolutely. U.S., Europe, absolutely. It's lived off of us. Without us,
• 19:36
  Speaker 3: it would not have this economic growth. And frankly, we
• 19:39
  Speaker 3: should never have allowed it to happen in the first place.
• 19:41
  Speaker 1: The only thing I would go back to is when
• 19:42
  Speaker 1: you're talking about the one article. Listen, America is not
• 19:46
  Speaker 1: in the best position at the present time. You have
• 19:49
  Speaker 1: a growing debt and deficit that is not being addressed,
• 19:53
  Speaker 1: that is of grave concern and should be to the
• 19:56
  Speaker 1: future of this country and the interests that we pay
• 19:58
  Speaker 1: on it. We have, as I said earlier, electric rates
• 20:02
  Speaker 1: have doubled. Natural gas prices are high. Now gasoline is high.
• 20:06
  Speaker 1: And inflation is roaring its head back. This is not
• 20:11
  Speaker 1: a great economy.
• 20:13
  Speaker 2: Stand by.
• 20:14
  Speaker 1: I'll finish my thought and then get a reaction from G2.
• 20:17
  Speaker 1: That'll take some of your calls. Coming up, the sky.
• 20:20
  Speaker 2: News Radio 570 WKVN.
• 20:24
  Speaker 1: On NewsRadio 570, Dodie Kivian with G2. Before I start
• 20:27
  Speaker 1: taking some phone calls for you, when you're talking about
• 20:30
  Speaker 1: the economy and all this kind of stuff, listen, Trump
• 20:33
  Speaker 1: was elected to put America first. Trump was elected to
• 20:36
  Speaker 1: deal with inflation and energy prices and close the borders.
• 20:42
  Speaker 1: This is why he got elected. He wasn't elected for
• 20:45
  Speaker 1: regime change and to get involved in the Middle East
• 20:48
  Speaker 1: and get involved.
• 20:49
  Speaker 2: In these type of things.
• 20:50
  Speaker 1: So when you talk about the economy, I sit here
• 20:54
  Speaker 1: and hear on a regular basis, I hear from businesses,
• 20:57
  Speaker 1: all types of different businesses, small businesses, restaurants, you name it,
• 21:01
  Speaker 1: the effect that this is having right now. that it's
• 21:06
  Speaker 1: having with these high prices and the inflation that's coming
• 21:09
  Speaker 1: from it. And we would be critical if it was Biden,
• 21:13
  Speaker 1: and I'll be critical since it's Trump as well, when
• 21:18
  Speaker 1: we see what's going on. I don't poo-poo any of
• 21:21
  Speaker 1: this stuff. This could have been a... If he would
• 21:24
  Speaker 1: have stayed focused, can you imagine where the economy would
• 21:26
  Speaker 1: be right now? The golden age? Could you imagine what
• 21:30
  Speaker 1: would happen with gas prices, with inflation, where it was going?
• 21:33
  Speaker 2: All of that's been erased.
• 21:35
  Speaker 1: And it's speculation to say, if we settle this, everything's
• 21:38
  Speaker 1: going to fall back in line relatively quick. We have
• 21:41
  Speaker 1: heard that before from Trump, and it didn't come true.
• 21:44
  Speaker 1: So it's not necessarily how quick that this can happen,
• 21:48
  Speaker 1: and that's nothing but speculation. But to act like this
• 21:51
  Speaker 1: doesn't have an effect on people's lives today with increased prices, with,
• 21:57
  Speaker 1: as I said, electric costs doubling, natural gas up there,
• 22:00
  Speaker 1: gasoline up there, groceries going back up, shipping costs going
• 22:03
  Speaker 1: back up, all of these problems that come from it
• 22:06
  Speaker 1: is to ignore the obvious.
• 22:08
  Speaker 2: Comment, please.
• 22:10
  Speaker 3: I don't think any of that's wrong. I'm not saying
• 22:12
  Speaker 3: there's not an impact on people. It's $ 5 gasoline or
• 22:15
  Speaker 3: wherever it is where you are. I mean, it's different everywhere.
• 22:18
  Speaker 3: It really could have a significant variance, which would be shocking,
• 22:21
  Speaker 3: the amount of taxes and this stuff. But anyway, having
• 22:25
  Speaker 3: a $ 5- gallon gas price after whatever it was at, $ 3
• 22:28
  Speaker 3: or something, it's a huge impact, and it's no doubt
• 22:32
  Speaker 3: going to have an impact on the economy, and it's
• 22:35
  Speaker 3: going to drive some incremental inflation. That's why inflation's up
• 22:38
  Speaker 3: from that 0.7% that Trump got it down to, without
• 22:42
  Speaker 3: any help from Congress, of course. So all that is true.
• 22:46
  Speaker 3: But I think we just need to keep it all
• 22:47
  Speaker 3: in perspective. And that statement that it was this statement
• 22:51
  Speaker 3: made in that article about the decline in CapEx growth,
• 22:54
  Speaker 3: which is absolutely false. That was a misleading statement, so
• 22:59
  Speaker 3: misleading that it was false. But, yeah, he's got to
• 23:02
  Speaker 3: get this fixed. Now, I don't think it's hard to see.
• 23:06
  Speaker 3: Just as we saw when Trump changed the energy policies
• 23:09
  Speaker 3: coming into office, we saw the impact on gasoline prices.
• 23:12
  Speaker 3: You know, just regulatory changes and policy changes. immediately we
• 23:16
  Speaker 3: saw a relief on the energy side. I don't think
• 23:20
  Speaker 3: it's that speculative to say that if this war gets solved,
• 23:23
  Speaker 3: you know, you get about 30 days to get oil
• 23:24
  Speaker 3: flowing again and we get back to seeing those numbers
• 23:27
  Speaker 3: back in line. I think that's, like, kind of, I
• 23:30
  Speaker 3: think that's easy to foresee. But on these other economic issues,
• 23:35
  Speaker 3: for example, the debt, the deficit, the consumer debt level,
• 23:39
  Speaker 3: these are all serious problems. And, you know, to your
• 23:43
  Speaker 3: could-you-imagine question, imagine... If instead of following Israel into this war,
• 23:48
  Speaker 3: and by the way, we don't talk about Lebanon enough,
• 23:51
  Speaker 3: but allowing that to happen, which is just a catastrophe,
• 23:54
  Speaker 3: but following Israel into this war and then turning around
• 23:58
  Speaker 3: and not getting the SAVE Act passed, now inflation is
• 24:02
  Speaker 3: climbing again. We still have all the cumulative inflation of
• 24:05
  Speaker 3: the prior years, but we got more. We're still running
• 24:08
  Speaker 3: a $ 2 trillion or whatever it is dollar deficit. We're
• 24:11
  Speaker 3: going to be at $ 40 trillion a day. I've been
• 24:13
  Speaker 3: rounding up for a long time. You know, we've got
• 24:15
  Speaker 3: more debt. The debt's bigger than the economy. You know,
• 24:18
  Speaker 3: we have unfunded liabilities out of control. Imagine if instead
• 24:22
  Speaker 3: of this, Trump had spent this energy going after the fraud,
• 24:26
  Speaker 3: crushing the deficit, forcing the Republicans to implement the SAVE
• 24:30
  Speaker 3: Act and stop hiding behind the parliamentarian and the long
• 24:34
  Speaker 3: speeches from Democrats. If he'd have focused all of that
• 24:37
  Speaker 3: on the America First agenda, it'd be great. Now, at
• 24:40
  Speaker 3: the same time, of course, we can't ignore international issues.
• 24:44
  Speaker 3: Because our economy is dependent upon our position as the
• 24:47
  Speaker 3: world's reserve currency. Our competitive position with China is dependent
• 24:52
  Speaker 3: upon us paying a reasonable price relative to China for energy, right?
• 24:57
  Speaker 3: You know, we've been installing high-cost, low-efficiency, low-reliability energy systems,
• 25:01
  Speaker 3: not from China, while they've been installing low-cost, high-reliability, high-efficiency systems.
• 25:08
  Speaker 3: You know, some of these global moves were critical. For example,
• 25:12
  Speaker 3: the Panama Canal. And when you look at what he's
• 25:15
  Speaker 3: done with Venezuela, in the end, that really helped the
• 25:18
  Speaker 3: United States. So I agree with this. It's not entirely
• 25:22
  Speaker 3: that simple. But if he'd just focused and gotten the
• 25:25
  Speaker 3: Republicans to quit lying to us and actually support the
• 25:29
  Speaker 3: American agenda. I mean, could you imagine if Boone and
• 25:33
  Speaker 3: Spender Johnson weren't traitors? If they were true, loyal Americans,
• 25:38
  Speaker 3: loyal to the agenda, we would be in a totally
• 25:41
  Speaker 3: different situation. You'd be seeing debt go down. You'd be
• 25:43
  Speaker 3: seeing consumer debt go down. Wages would be surging. I mean,
• 25:47
  Speaker 3: it'd be a beautiful thing.
• 25:49
  Speaker 6: Right.
• 25:50
  Speaker 1: Imagine how things would be going if this war never happens,
• 25:53
  Speaker 1: economically speaking.
• 25:55
  Speaker 3: We'd be in much better shape, but I think Trump
• 25:57
  Speaker 3: would be better shaped for the midterms. And I think
• 26:01
  Speaker 3: Israel would not be suffering..
• 26:04
  Speaker 1: Uh..
• 26:04
  Speaker 3: The loss of support the united states that suffering and
• 26:07
  Speaker 3: you could see that lots of support if you look
• 26:09
  Speaker 3: at the numbers around the daily wire this uh... ben
• 26:12
  Speaker 3: shapiro thing uh... you know i i don't know i'll
• 26:15
  Speaker 3: get these numbers right but he we went from something
• 26:17
  Speaker 3: like a hundred seventy million impressions a month down to
• 26:20
  Speaker 3: twenty million now twenty million huge but it's a big
• 26:23
  Speaker 3: drop they've had a cut after staff and and the
• 26:26
  Speaker 3: reason is that he's basically israel first israel only all
• 26:29
  Speaker 3: day long but he's also pretty arrogant hard to listen
• 26:33
  Speaker 3: to but But he and Mark Levin and this sort
• 26:39
  Speaker 3: of weird person, Laura Loomer, I don't know what his
• 26:41
  Speaker 3: deal is, they are not helping the cause. Mark Levin's
• 26:47
  Speaker 3: screaming all night about how America owes Israel its life,
• 26:50
  Speaker 3: I guess. Whatever they want, we have to do. Now,
• 26:53
  Speaker 3: I will tell you, one thing Levin's been talking about
• 26:56
  Speaker 3: is nuking Iran. And if they launch, let's say, real
• 27:01
  Speaker 3: serious attacks on the water and oil infrastructure in the
• 27:03
  Speaker 3: Middle East, which they still have the capacity to do.
• 27:06
  Speaker 3: If they start sinking ships in big numbers, you might
• 27:10
  Speaker 3: find that as the option because a land invasion is
• 27:13
  Speaker 3: not an option. So Levin might get what he wants
• 27:17
  Speaker 3: if the more radical Iranians take over.
• 27:20
  Speaker 2: All right, with G2, let's take some calls. You're on
• 27:23
  Speaker 2: the air.
• 27:23
  Speaker 3: Memorial, I'm on the air.
• 27:27
  Speaker 2: Hello?
• 27:28
  Speaker 7: Yes.
• 27:30
  Speaker 8: Hey, this is Matt from Austintown. I've got a little
• 27:33
  Speaker 8: theory here I think the move in Venezuela, the move
• 27:39
  Speaker 8: in Iran, what it is, it's a play against China completely.
• 27:48
  Speaker 8: Middle of April, they had talks with Indonesia about the
• 27:54
  Speaker 8: Strait of Malacca. I just think this is totally cutting
• 28:00
  Speaker 8: off the oil supply to China. And It all has
• 28:04
  Speaker 8: to do with Taiwan.
• 28:06
  Speaker 2: Comment, G2?
• 28:08
  Speaker 3: I think you're right up to the except all about.
• 28:11
  Speaker 3: It's not all about this, but this is a really
• 28:13
  Speaker 3: key issue. And again, look at the progression of attacks
• 28:16
  Speaker 3: on China. First, he sealed the southern border of the
• 28:19
  Speaker 3: United States. That's a major problem for China's fentanyl attack
• 28:23
  Speaker 3: on the U.S. Then he pushes them out of Panama.
• 28:25
  Speaker 3: Then he does Venezuela. The day that the Chinese said
• 28:28
  Speaker 3: they were going to start using Chinese warships to escort
• 28:31
  Speaker 3: Venezuelan oil tankers. So he has steadily and progressively been
• 28:37
  Speaker 3: working to diminish their ability to influence Western Hemisphere, right,
• 28:42
  Speaker 3: and to drive down their influence globally, and he's removing
• 28:45
  Speaker 3: their ability to buy oil below market. So there's no
• 28:49
  Speaker 3: question that that's a big piece of it. The City
• 28:51
  Speaker 3: of London thing is a big piece of it. The
• 28:53
  Speaker 3: globalists are a big piece of it, which is kind
• 28:55
  Speaker 3: of City of London with different names. You know, there
• 28:58
  Speaker 3: are a lot of factors at play here, and at
• 29:01
  Speaker 3: least the globalists, if not china at least the globalist
• 29:05
  Speaker 3: represent an existential threat if no one ever checked china
• 29:09
  Speaker 3: in the americas that would become an existential threat very
• 29:12
  Speaker 3: soon and you've seen mark carney evil guy up in
• 29:16
  Speaker 3: china and canada who soon they brought in from the
• 29:19
  Speaker 3: bank of london to take over canada appointed and put
• 29:21
  Speaker 3: in place it is smart he's evil and he is
• 29:26
  Speaker 3: going to advance that globalist agenda and you see what
• 29:29
  Speaker 3: they do in tying up with china though you're right
• 29:34
  Speaker 3: i think it's just not that that's just not all
• 29:36
  Speaker 3: of it. And, you know, this group of globalists that
• 29:42
  Speaker 3: are behind every problem we have are a big part
• 29:46
  Speaker 3: of it as well.
• 29:49
  Speaker 5: All right.
• 29:50
  Speaker 8: So I think the biggest thing with the economy is
• 29:53
  Speaker 8: if you want to see this economy and the world
• 29:55
  Speaker 8: economy take a nosedive, China takes Taiwan. And then they
• 30:01
  Speaker 8: just say, you know, we raise the price to whatever
• 30:06
  Speaker 8: we want for the chip manufacturing. And everything in this
• 30:10
  Speaker 8: world is run on the chips that are coming out
• 30:12
  Speaker 8: of Taiwan. And as quick as we've been trying in
• 30:16
  Speaker 8: this country to get up to speed on producing chips,
• 30:21
  Speaker 8: we're probably 10, 15 years away from, you know, picking
• 30:26
  Speaker 8: that up.
• 30:28
  Speaker 3: There's no way we can replace those chips in a
• 30:30
  Speaker 3: short period of time. And this ridiculous idea of the U.S.
• 30:33
  Speaker 3: government to give $ 50 billion to these multinationals that make
• 30:38
  Speaker 3: chips to build out their production lines, that's offensive to
• 30:43
  Speaker 3: the American people. But nevertheless, you're right. I mean, Taiwan's
• 30:48
  Speaker 3: a big piece of this. Here's the thing. I think
• 30:51
  Speaker 3: Taiwan's harder to take than it might seem. They're going
• 30:55
  Speaker 3: to have to take it from within the way they're
• 30:56
  Speaker 3: taking the United States. And I think that China knows
• 31:02
  Speaker 3: the delicacy of that. So we live in constant fear
• 31:05
  Speaker 3: of them doing it. Of course they'd like to take Taiwan.
• 31:09
  Speaker 3: I just don't know what the map is inside that
• 31:13
  Speaker 3: forbidden city, what's going on in Beijing. It's hard to say.
• 31:16
  Speaker 2: Thanks for your call. With G2, you're on the air.
• 31:19
  Speaker 2: Hey there.
• 31:20
  Speaker 9: So the reasons why we went into Iran are four
• 31:24
  Speaker 9: and a half. I'll go over them quickly. They, you know,
• 31:27
  Speaker 9: nuclear weapons is one part. Second is they're, they're a
• 31:31
  Speaker 9: threat to their region, which includes our neighbors or our,
• 31:35
  Speaker 9: our allies and their neighbors, both, uh, and our, our fifth,
• 31:40
  Speaker 9: I think it's the fifth fleet in, in, um, Qatar, the, um, the,
• 31:47
  Speaker 9: the threat of, um, of terror around the world. They've
• 31:52
  Speaker 9: been the largest threat of terror for decades on end.
• 31:56
  Speaker 9: And the fourth is the design and use of intercontinental
• 32:05
  Speaker 9: ballistic missiles. If you ever want to understand what that means,
• 32:09
  Speaker 9: look up rods from God. If they throw 30 or
• 32:14
  Speaker 9: 40 missiles toward a capital in Europe that is undefended,
• 32:19
  Speaker 9: they can probably destroy that capital the same way they
• 32:22
  Speaker 9: would with a nuclear weapon, at least from the infrastructure standpoint.
• 32:27
  Speaker 9: I think that the other side of this that Trump
• 32:31
  Speaker 9: is doing that is genius is that it, along with
• 32:35
  Speaker 9: Venezuela and Cuba, puts China in a box of a
• 32:42
  Speaker 9: Fifth reason for doing this is also to reduce the
• 32:48
  Speaker 9: threat from Iran into South America, which is Monroe Doctrine-type things.
• 32:54
  Speaker 9: They have been a serious threat in South America for
• 33:00
  Speaker 9: decades on end. So I think the reasons for doing
• 33:05
  Speaker 9: this are absolutely true.
• 33:09
  Speaker 2: Comment, G2?
• 33:11
  Speaker 3: Well, those are all the reasons that were given, and
• 33:13
  Speaker 3: I think there's legitimacy to each of them at some level.
• 33:16
  Speaker 3: It's the waiting and timing, right? So doing this before
• 33:19
  Speaker 3: the midterms makes no sense because there was no imminent
• 33:22
  Speaker 3: threat of nuclear attack, as we learned from the ODNI,
• 33:26
  Speaker 3: and we know why we went in now. I would
• 33:29
  Speaker 3: respectfully disagree. Well, Rubio, I would disagree about this.
• 33:37
  Speaker 9: I would disagree about the midterms, because if you lost
• 33:40
  Speaker 9: the midterms, which historically you always do, you could be
• 33:44
  Speaker 9: stopped from doing anything.
• 33:47
  Speaker 3: So you had to do it now or not. Well,
• 33:50
  Speaker 3: that's why Israel said now. That's exactly my point. I
• 33:52
  Speaker 3: think you're right about that.
• 33:55
  Speaker 9: What's your data on Israel saying now? I think they
• 34:00
  Speaker 9: might have had an influence, no doubt.
• 34:02
  Speaker 3: Let me explain. Well, hold on.
• 34:05
  Speaker 10: I'll tell you.
• 34:06
  Speaker 3: Hold on one second. The data is this. I don't
• 34:09
  Speaker 3: know if I can find it in time. Israel's imminent
• 34:11
  Speaker 3: attack on Iran forced U.S. to join war, says Rubio. Now,
• 34:15
  Speaker 3: there were others that said that at the time. And,
• 34:17
  Speaker 3: of course, that was after the ODNI came out and said,
• 34:22
  Speaker 3: we are not concerned. I'm paraphrasing. We're not concerned about
• 34:24
  Speaker 3: an imminent nuclear threat from Iran. They aren't anywhere near
• 34:27
  Speaker 3: producing a bomb and delivering it. So this was, as
• 34:31
  Speaker 3: Rubio said, this was timing decided by Israel. I think
• 34:35
  Speaker 3: it was decided because of their concern that Trump would
• 34:38
  Speaker 3: lose power in the midterms, and they really have an
• 34:41
  Speaker 3: incredible amount of influence over Trump.
• 34:45
  Speaker 9: They may, but I don't see that they were actually
• 34:48
  Speaker 9: calling the shots.
• 34:50
  Speaker 2: All right, you can disagree.
• 34:51
  Speaker 3: I just don't think they're going to reinforce us to
• 34:54
  Speaker 3: join wars, says Rubio. I mean, it's right there. I
• 34:58
  Speaker 3: didn't make that up. That's a headline. Sure, sure.
• 35:01
  Speaker 9: I mean, I generally agree with you that they have
• 35:07
  Speaker 9: an influence. Exact timing is really something.
• 35:12
  Speaker 1: Well, let me tell you something, Collar. All of that
• 35:15
  Speaker 1: might be important, but if you derail the American agenda
• 35:18
  Speaker 1: at the midterms, you want to concede the midterms, and
• 35:21
  Speaker 1: I don't want to concede them. We were on a
• 35:24
  Speaker 1: path to fixing this country economically, making America first, getting
• 35:28
  Speaker 1: inflation down, energy independence, and so many other things that
• 35:32
  Speaker 1: have all been derailed, all been derailed as a result
• 35:37
  Speaker 1: of this, with high gas prices, inflation back, and the
• 35:40
  Speaker 1: American agenda..
• 35:42
  Speaker 2: Curtails.
• 35:44
  Speaker 3: Inflation hasn't changed. You don't understand.
• 35:46
  Speaker 9: You consistently use the wrong definition of inflation.
• 35:50
  Speaker 2: All right. Well, whatever.
• 35:51
  Speaker 1: People are paying more.
• 35:53
  Speaker 9: Energy and taxes are the one thing that can be
• 35:58
  Speaker 9: the inflation.
• 36:00
  Speaker 2: Sir, we can nitpick.
• 36:01
  Speaker 1: We ain't got that kind of time here today. The
• 36:03
  Speaker 1: reality is people can't afford it. Don't you get it?
• 36:07
  Speaker 9: I understand that.
• 36:09
  Speaker 2: Okay. So where do you think it's heading? When people
• 36:12
  Speaker 2: go out and vote.
• 36:13
  Speaker 9: You are never going to get rid of the threat.
• 36:15
  Speaker 3: That's the problem.
• 36:16
  Speaker 2: All right. Well, you might end up getting rid of
• 36:18
  Speaker 2: the Republicans.
• 36:19
  Speaker 3: That's been demonstrated for decades.
• 36:20
  Speaker 2: You're on the air.
• 36:22
  Speaker 4: Hey, Ron, I know I called today, but I'd like
• 36:24
  Speaker 4: permission to respond to G2' s prank question.
• 36:28
  Speaker 2: All right. You can respond, and then he'll respond to
• 36:31
  Speaker 2: you quickly.
• 36:32
  Speaker 4: China's economy is slowing G2 because they are now A
• 36:36
  Speaker 4: mature economy and 5% growth is even great for a
• 36:39
  Speaker 4: third-world country, let alone a mature economy. And the same
• 36:43
  Speaker 4: thing happened to the U.S. in the late 1890s when
• 36:46
  Speaker 4: we shattered the all-time record for economic growth, then slowed
• 36:50
  Speaker 4: to 3%, 4%, to 4%. And our new record growth
• 36:55
  Speaker 4: rate was shattered by China.
• 36:57
  Speaker 3: In the 1990s.
• 36:57
  Speaker 4: And, hey, G2, in the early 2000s, the U.S. led
• 36:58
  Speaker 4: the world in 29 out of 34 countries. critical areas
• 37:05
  Speaker 4: of key future technology. Today, China leads the world in
• 37:11
  Speaker 4: 31 out of 34 areas of key future technology, and
• 37:15
  Speaker 4: China is graduating far more scientists, physicists, engineers, economists than
• 37:20
  Speaker 4: we are, and the factors of production are land, labor,
• 37:23
  Speaker 4: and capital. I told Ron 36 years ago, human brain
• 37:28
  Speaker 4: power is by far the most, and that's why I'm
• 37:31
  Speaker 4: investing in China and Asia, and my stocks are taking off,
• 37:35
  Speaker 4: not my American stocks.
• 37:37
  Speaker 3: Hong Kong down 7%. You got a shot at getting
• 37:40
  Speaker 3: a nice pump, right? I mean, if Hong Kong gets
• 37:42
  Speaker 3: back to what it was at in, say, January, you
• 37:45
  Speaker 3: could get a 7% return just getting back the losses
• 37:48
  Speaker 3: that have been taken since the end of January.
• 37:50
  Speaker 4: G2, I have huge profits in all my Asian stocks
• 37:54
  Speaker 4: in a short period of time. I don't know what
• 37:56
  Speaker 4: you're talking about.
• 37:57
  Speaker 2: All right. Thank you. I got to go. You're on air.
• 38:01
  Speaker 2: Stand by. Stand by.
• 38:03
  Speaker 1: I'll get back to that caller. G2, stand by. I'll
• 38:05
  Speaker 1: let you first react to what Frank had to say.
• 38:08
  Speaker 1: Then I get to more callers. Hopefully I get you
• 38:11
  Speaker 1: all in before we hit seven tonight.
• 38:13
  Speaker 11: Youngstown's News, Weather, and Talk Station, 570 WKBN. All right,
• 38:19
  Speaker 11: so your comments with Frank's investments, not that.
• 38:24
  Speaker 2: It should matter.
• 38:26
  Speaker 3: First, inflation is up to about 1.88% from a low
• 38:30
  Speaker 3: of 0.7, so it is higher. It is not catastrophically higher,
• 38:33
  Speaker 3: as I said, but it is higher. And, of course,
• 38:37
  Speaker 3: the BLS has it at 3.3, which I don't pay
• 38:39
  Speaker 3: much attention to. So with Frank, I mean, just look
• 38:43
  Speaker 3: at the indexes. You know, the Hong Kong index peaked
• 38:45
  Speaker 3: on January 29. It's off 7% from that peak, so
• 38:48
  Speaker 3: that's all. I'm happy that he's making money in Asian stocks.
• 38:52
  Speaker 3: That's great. You can make money in U.S. stocks as well.
• 38:57
  Speaker 2: The U.S.
• 38:57
  Speaker 3: Is trading at an all-time high. As a trader, his
• 39:01
  Speaker 3: focus is on stock prices. He has to view the U.S. favorably.
• 39:05
  Speaker 3: The challenge that Frank has isn't knowledge or intellect. It's
• 39:09
  Speaker 3: the view that he is desperate to see Trump fail.
• 39:12
  Speaker 3: He's desperate to be the smartest guy in the room.
• 39:15
  Speaker 3: So it's very difficult to have a good faith discussion
• 39:17
  Speaker 3: with him. So he will cherry-pick data and continuously tell
• 39:21
  Speaker 3: us that when he invests, he only wins.
• 39:24
  Speaker 2: With G2, you're on air.
• 39:28
  Speaker 6: Oh, geez.
• 39:30
  Speaker 2: Hello.
• 39:31
  Speaker 3: Ron?
• 39:32
  Speaker 2: Yeah.
• 39:32
  Speaker 5: Good.
• 39:33
  Speaker 6: I only want to throw this out there. Back in
• 39:37
  Speaker 6: the 80s, the Shah of Iran, and I'm wondering if
• 39:41
  Speaker 6: G2 remembers this, the Shah of Iran had stated during
• 39:45
  Speaker 6: one of our same situation that we're going on right
• 39:49
  Speaker 6: now all the oil that is being fluctuated to our
• 39:57
  Speaker 6: gas prices now was not affected by the wars that
• 40:00
  Speaker 6: were going on and that the powers that be were
• 40:04
  Speaker 6: manipulating the prices coming right out of iran itself and
• 40:10
  Speaker 6: saudi arabia.
• 40:11
  Speaker 2: What's your point i don't have a lot of time
• 40:13
  Speaker 2: gotta make it quick i.
• 40:14
  Speaker 6: Just want to know if G2 can confirm that with
• 40:18
  Speaker 6: the Shah from the 80s, that this is all people
• 40:21
  Speaker 6: and powers that be are controlling the oil before it
• 40:26
  Speaker 6: even gets to our shores.
• 40:27
  Speaker 2: Comment?
• 40:30
  Speaker 3: Obviously the Shah was an ally of the United States
• 40:32
  Speaker 3: and Britain, and so he wouldn't have been using power
• 40:35
  Speaker 3: to control the strait against us. In fact, he would
• 40:37
  Speaker 3: have been defending it for us probably, right? And we
• 40:39
  Speaker 3: would have been able to support him in doing that.
• 40:41
  Speaker 3: I know people that work for him. or that worked
• 40:44
  Speaker 3: in the oil fields over there when he was there,
• 40:45
  Speaker 3: divers and whatnot, and they quite enjoyed being in Iran
• 40:49
  Speaker 3: in those days. It was a different country. But I'm
• 40:52
  Speaker 3: not sure I understand exactly the point, but clearly whatever
• 40:55
  Speaker 3: was happening then, Iran would have been our ally protecting
• 40:59
  Speaker 3: the strait and keeping it open so that oil could
• 41:03
  Speaker 3: flow to the United States. And I think we were
• 41:05
  Speaker 3: pretty dependent, and I'd have to go back and look
• 41:06
  Speaker 3: at the flows.
• 41:07
  Speaker 6: Absolutely, and not only that, but the powers that be
• 41:10
  Speaker 6: now are the ones that are changing hands of who's
• 41:14
  Speaker 6: getting the oil, and that's why these prices keep going
• 41:17
  Speaker 6: up in my estimation.
• 41:18
  Speaker 2: All right.
• 41:19
  Speaker 3: Well, there's a lot of trading activity, and I've got
• 41:21
  Speaker 3: to tell you, I'd love to see the books and
• 41:23
  Speaker 3: see who exactly is placing trades at what time relative
• 41:26
  Speaker 3: to what announcement from what country, because I guarantee you
• 41:29
  Speaker 3: these markets are being played for billions of dollars of
• 41:32
  Speaker 3: profit while the world suffers with $ 5 gas. And we're
• 41:34
  Speaker 3: going to have energy shortages in some economies. These traders
• 41:38
  Speaker 3: don't care.
• 41:39
  Speaker 2: You're on the air with G2.
• 41:42
  Speaker 5: Three government branches build the wall.
• 41:45
  Speaker 2: All right, I don't know what that is. You're on
• 41:48
  Speaker 2: the air with G2. You're on the air with G2.
• 41:52
  Speaker 5: Yes, I believe a lot of this goes back to
• 41:56
  Speaker 5: the Lords of London and the insurance policies, and I
• 41:59
  Speaker 5: really do believe that Trump's trying to take them down.
• 42:02
  Speaker 5: Those people are just caught in the race.
• 42:08
  Speaker 3: Look at the city of London, and don't think of
• 42:10
  Speaker 3: that just as London. It's a global phenomenon. But, you know,
• 42:13
  Speaker 3: start with the city of London and build out from there.
• 42:16
  Speaker 3: You'll find, you know, the 13 families, that whole thing.
• 42:18
  Speaker 3: That globalist cabal that controls Lloyd's uses Lloyd's for power.
• 42:22
  Speaker 3: is really probably the greatest enemy and the one that
• 42:26
  Speaker 3: Trump is fighting the hardest.
• 42:27
  Speaker 2: And you agree with the caller, G2? Yeah. All right.
• 42:31
  Speaker 1: You'll have to explain that in more detail when we
• 42:33
  Speaker 1: talk again. You're on with G2, quickly.
• 42:36
  Speaker 10: Yeah, you know, we have trouble with the cars and
• 42:38
  Speaker 10: we have trouble with the planes, but now we're having
• 42:40
  Speaker 10: trouble with the trains. So today, Amtrak, They had to
• 42:44
  Speaker 10: inform a small-town girl living in a lonely world that
• 42:48
  Speaker 10: they actually don't have any more midnight train going anywhere.
• 42:51
  Speaker 2: All right. Thank you, Unintelligent Call. Thank you, G2.
• 43:00
  Speaker 7: From ABC News, I'm Dave Packer. Secretary of State Marco
• 43:04
  Speaker 7: Rubio says the ceasefire with Iran is still on and
• 43:07
  Speaker 7: that Operation Epic Fury is now over. The USC says
• 43:11
  Speaker 7: now involved in a defensive operation to reopen the Strait
• 43:13
  Speaker 7: of Hormuz.
• 43:14
  Speaker 12: There's no shooting unless we're shot at first. We're not
• 43:17
  Speaker 12: attacking them. But if they're attacking us or they're attacking
• 43:20
  Speaker 12: a ship, you need to respond to that. You're not
• 43:22
  Speaker 12: going to let some fast boat come up on a
• 43:24
  Speaker 12: ship and shoot it up.
• 43:26
  Speaker 2: As some ships are now transiting the strait with U.S.
• 43:28
  Speaker 7: Military assistance, oil prices still over $ 100 a barrel and
• 43:31
  Speaker 7: gas prices rising. The national average now surpassing $ 4. 50 a gallon.
• 43:36
  Speaker 7: ABC's Elizabeth Schulze.
• 43:37
  Speaker 13: We are still not at that all-time high for gas
• 43:40
  Speaker 13: when it comes to the national average. That was hit
• 43:43
  Speaker 13: under President Biden.
• 43:44
  Speaker 6: Back in June 2022. We were at $ 5.
• 43:45
  Speaker 4: 03.
• 43:45
  Speaker 13: So that's kind of the all-time high. Some analysts are
• 43:51
  Speaker 13: saying if the strait stays closed through, for example, the
• 43:54
  Speaker 13: 4th of July, that's when we could be talking about
• 43:56
  Speaker 13: getting past that $ 5 mark.
• 43:57
  Speaker 7: Global health officials are investigating a suspected hantavirus outbreak on
• 44:01
  Speaker 7: a cruise ship into the Atlantic. Three people are dead.
• 44:04
  Speaker 7: Medics are working to evaluate sick passengers. The World Health
• 44:07
  Speaker 7: Organization is saying it believes the strain being reported on
• 44:10
  Speaker 7: the cruise ship is called the Andes virus, found in
• 44:12
  Speaker 7: South America.
• 44:13
  Speaker 2: The D.C.
• 44:14
  Speaker 1: U.S.
• 44:14
  Speaker 7: Attorney identifying the suspect in a shooting on the National
• 44:17
  Speaker 7: Mall yesterday. Jeanine Pirro says Michael Marks confronted Secret Service agents,
• 44:21
  Speaker 7: started running, pulling a gun, starts shooting at Secret Service.
• 44:24
  Speaker 7: They returned fire. The suspect then shot and in an
• 44:27
  Speaker 7: ambulance on the way to the hospital, Pirro says Marks exclaimed.
• 44:30
  Speaker 1: F the White House and kill me, kill me, kill
• 44:35
  Speaker 1: me three times.
• 44:36
  Speaker 7: Pirro said that a teenager who was wounded in the
• 44:39
  Speaker 7: crossfire has been released from the hospital. There are a
• 44:43
  Speaker 7: number of primary elections across the Midwest today. We're watching
• 44:47
  Speaker 7: races in Ohio, Michigan, and another one in Indiana, where
• 44:50
  Speaker 7: many of the polling places have now closed. You're listening
• 44:54
  Speaker 7: to ABC News.
• 44:59
  Speaker 14: Summer days and high energy bills are on the way.
• 45:02
  Speaker 14: Upgrade your home's old leaky windows this month during Window
• 45:05
  Speaker 14: Nation's buy, forget, for free sale. Yes, half of your new, beautiful,
• 45:08
  Speaker 14: energy-efficient windows, free. Plus, no money down and no monthly
• 45:12
  Speaker 14: payments or interest for two years. Call now, 866-200-8670 or windownation.com.
• 45:18
  Speaker 14: In select markets, trust our family of brands, New South
• 45:21
  Speaker 14: Window and Armor View. That's 866-200-8670 or windownation.com to book
• 45:23
  Speaker 14: a consultation.
• 45:29
  Speaker 15: I've been telling you all about the secret war on
• 45:30
  Speaker 15: our cash and the free report you can receive a
• 45:32
  Speaker 15: copy of by contacting Swiss America at 800-289-2646. I'd also
• 45:37
  Speaker 15: like to encourage you to subscribe to their podcast on YouTube.
• 45:40
  Speaker 15: Just search Swiss America Trading. The podcast can provide you
• 45:43
  Speaker 15: a ton of vital information and financial news in the
• 45:46
  Speaker 15: challenging and uncertain times we're in. Subscribe today. Learn more
• 45:49
  Speaker 15: about BRICS, industry leaders, and their market predictions for the future,
• 45:52
  Speaker 15: along with what you might expect to see in terms
• 45:54
  Speaker 15: of precious metal performance in the weeks and months ahead.
• 45:56
  Speaker 15: Message and data rates may apply.
• 45:59
  Speaker 7: Anytime World Series champion Bob Skinner has died. Skinner spent
• 46:03
  Speaker 7: more than eight seasons with the Pirates before being traded
• 46:06
  Speaker 7: to Cincinnati and then the Cardinals. He was 94. Texas
• 46:10
  Speaker 7: imposed new safety standards on summer camps in the wake
• 46:12
  Speaker 7: of last year's deadly Hill Country floods, and it's put
• 46:16
  Speaker 7: some camps at risk.
• 46:17
  Speaker 16: Camp Mystic, where 25 kids and two counselors died in
• 46:20
  Speaker 16: flash flooding, was found seriously lacking in planning and response
• 46:24
  Speaker 16: to emergencies. The state now requires camps to have detailed
• 46:27
  Speaker 16: procedures and upgraded equipment. At Mount Lebanon, hundreds of miles
• 46:31
  Speaker 16: from Camp Mystic..
• 46:32
  Speaker 4: Our PA system has to operate without internet, and so
• 46:35
  Speaker 4: we have two-way radio systems.
• 46:36
  Speaker 16: Mount Lebanon Director Eddie Walker has spent $ 100, 000 to meet
• 46:40
  Speaker 16: the new requirements. He's hearing from other camps that simply
• 46:43
  Speaker 16: can't afford to upgrade. Jim Ryan, ABC News, Dallas.
• 46:47
  Speaker 7: Denver is getting what could be its biggest snowfall of
• 46:49
  Speaker 7: the season. A storm is moving into the Rocky Mountains
• 46:51
  Speaker 7: in the high plains. Some areas could see up to
• 46:53
  Speaker 7: eight inches. The Lost Boys and Schmigadoon lead this year's
• 46:58
  Speaker 7: Tony Award nominations with 12 nods each.
• 47:01
  Speaker 2: Why is there music coming from everywhere? We are in
• 47:06
  Speaker 2: a musical. We are stuck here. Kill me right now.
• 47:11
  Speaker 7: Schmigadoon is an adaption of an Apple TV series mocking
• 47:14
  Speaker 7: Broadway musicals. Arthur Miller's Death of a Salesman nabbed nine nominations,
• 47:18
  Speaker 7: and Ragtime is up for 11. The Tony Awards will
• 47:21
  Speaker 7: be handed out on June 7th. Dave Packer, ABC News.
• 47:29
  Speaker 14: Hot summer days and high energy bills are on the way.
• 47:32
  Speaker 14: Upgrade your home's old leaky windows this month during WindowNation's buy, forget,
• 47:36
  Speaker 14: for free sale. Yes, half of your new, beautiful, energy-efficient windows, free. Plus,
• 47:40
  Speaker 14: no money down and no monthly payments or interest for
• 47:42
  Speaker 14: two years. Call now, 866-286-70 or WindowNation.com. In select markets,
• 47:49
  Speaker 14: trust our family of brands, New South Window and Armor View.
• 47:52
  Speaker 14: That's 866-286-70 or WindowNation.com to book a consultation.