Latest / The Bill Handel Show / ‘Tech Tuesday’ with Rich DeMuro | Mamdani Sued Over Municipal Grocery Stores

Transcript

‘Tech Tuesday’ with Rich DeMuro | Mamdani Sued Over Municipal Grocery Stores · The Bill Handel Show

• 0:01
  Speaker 1: You're listening to Bill Handel On Demand from KFI AM 640.
• 0:05
  Speaker 2: KFI AM 640.
• 0:10
  Speaker 3: Bill Handel here on a Tuesday morning, August 25.
• 0:15
  Speaker 2: Some of the stories we are looking at.
• 0:18
  Speaker 3: The president this morning said he is considering changing the
• 0:21
  Speaker 3: name of Lake Ontario to Lake America. Ontario, of course,
• 0:25
  Speaker 3: being a province of Canada. And it's been Lake Ontario
• 0:29
  Speaker 3: for I don't know how many zillion years. But I
• 0:32
  Speaker 3: have to tell you, we have to be thankful at
• 0:35
  Speaker 3: least he's not pushing for Lake Trump. I thought that's
• 0:39
  Speaker 3: where it would go. Lake America, the Gulf of America,
• 0:44
  Speaker 3: Lake America, America, America. Let's just rename everything. Okay, let's
• 0:52
  Speaker 3: jump into our tech segment with Rich DeMuro. Rich DeMuro,
• 0:57
  Speaker 3: his website is richontech.tv. Every Saturday, he is here 11 a.m.
• 1:01
  Speaker 3: to 2 p.m. with his tech show. And he's Instagram
• 1:06
  Speaker 3: at richontech. And he's on KTLA every day.
• 1:09
  Speaker 2: Good morning, Rich.
• 1:11
  Speaker 1: Good morning, Bill.
• 1:13
  Speaker 3: Okay, lots of stuff to go on today. This one
• 1:17
  Speaker 3: is near and dear to my heart. Amazon raising prices
• 1:21
  Speaker 3: on its devices because of AI. Now, is it because
• 1:24
  Speaker 3: they're spending a lot of money on AI and they're
• 1:26
  Speaker 3: passing on the costs or is because, gee, we can
• 1:30
  Speaker 3: raise money on this?
• 1:32
  Speaker 1: Well, I think this is a trend we are seeing
• 1:35
  Speaker 1: across the tech landscape. I mean, all these companies have
• 1:39
  Speaker 1: been holding out as long as humanly possible before raising prices,
• 1:43
  Speaker 1: but they can no longer do it because of AI.
• 1:47
  Speaker 1: They are gobbling up all the storage, all the RAM,
• 1:50
  Speaker 1: and that's what they need to build these little gadgets.
• 1:53
  Speaker 1: And so, yes, we've seen price increases across the board
• 1:56
  Speaker 1: from pretty much every major tech company. You know, remember
• 1:59
  Speaker 1: we talked about Apple a couple months ago. They had
• 2:02
  Speaker 1: to do it. You know, Google just did it with
• 2:06
  Speaker 1: their new smartphones. Samsung did it with their recent smartphones.
• 2:09
  Speaker 1: So everything's more expensive right now in the tech world.
• 2:12
  Speaker 1: It really just is. But that doesn't mean you can't
• 2:14
  Speaker 1: buy stuff on sale, all that good stuff. But, yes,
• 2:16
  Speaker 1: go ahead.
• 2:17
  Speaker 3: Okay, let me ask you this, because I know you're
• 2:19
  Speaker 3: not into the financial world like you are in the
• 2:21
  Speaker 3: tech world, but the amount of money that's being spent
• 2:26
  Speaker 3: on AI, the investments are so insane.
• 2:30
  Speaker 2: Does that make sense from what you understand?
• 2:36
  Speaker 1: That's the multi-billion dollar question right now. So we don't know.
• 2:40
  Speaker 1: Nobody knows. I mean, look, everyone, it's very speculative in
• 2:44
  Speaker 1: the industry. Because here's the deal. Everyone wants to be
• 2:48
  Speaker 1: the leader. And how do you become the leader? You spend, spend, spend.
• 2:52
  Speaker 1: So you have the absolute best models in the industry
• 2:54
  Speaker 1: that everyone wants to subscribe to. But how do you
• 2:57
  Speaker 1: get that? You spend a lot of money on data
• 2:59
  Speaker 1: centers and you don't know. You don't know if it's
• 3:02
  Speaker 1: going to pay off. And that's the problem. And this
• 3:05
  Speaker 1: is why we hear this whole war with China when
• 3:07
  Speaker 1: it comes to AI is that they're making models and
• 3:10
  Speaker 1: they're open sourcing them. And so, again, people are just saying, well,
• 3:13
  Speaker 1: why don't we just use that model? It's a lot cheaper.
• 3:16
  Speaker 1: It's a lot easier. It's a lot simpler. It's free
• 3:19
  Speaker 1: versus what OpenAI and Anthropic are charging lots of money for.
• 3:24
  Speaker 1: So we don't know if this return on investment is
• 3:26
  Speaker 1: going to be there. The only company right now that
• 3:29
  Speaker 1: so far has won in all of this are the
• 3:31
  Speaker 1: chip companies like NVIDIA. And we've seen that. So we
• 3:35
  Speaker 1: don't know how it's going to play out. It's going
• 3:38
  Speaker 1: to take another couple of years, I think, for us
• 3:40
  Speaker 1: to notice that.
• 3:41
  Speaker 3: Now, did you see the video of those humanoid racers?
• 3:45
  Speaker 3: It was Chinese, those humanoid robots. And they are astounding
• 3:53
  Speaker 3: at running and jumping up and down and ice skating
• 3:58
  Speaker 3: and calisthenics. I mean, is China that far ahead of
• 4:02
  Speaker 3: us where we're going to have a hard time even
• 4:04
  Speaker 3: catching up?
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  Speaker 1: Bill, okay, I watched the videos of those. They had
• 4:09
  Speaker 1: like the humanoid Olympics over in China, whatever they had.
• 4:13
  Speaker 1: They were running. I have seen these robots do the
• 4:16
  Speaker 1: same thing for 10 years now. They run. They jump.
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  Speaker 1: They're friendly. They chat. They make silly noises. They can
• 4:25
  Speaker 1: do little dances. Show me a robot that can actually
• 4:28
  Speaker 1: do something helpful. We have yet to see that. Now, yes,
• 4:32
  Speaker 1: Amazon in their factories has built robots that can move
• 4:35
  Speaker 1: boxes around and do things that are very much the
• 4:39
  Speaker 1: same things over and over. But show me a robot
• 4:42
  Speaker 1: that can come into someone's home and do the dishes,
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  Speaker 1: clean the floors, do the stuff that people actually want.
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  Speaker 1: Nobody cares about a robot that can run. Now, we've
• 4:51
  Speaker 1: seen delivery robots around the streets. Those are great. But again...
• 4:56
  Speaker 1: I'm not seeing the development of these robots in the
• 4:59
  Speaker 1: way that, OK, this is something everyone needs. Even Tesla,
• 5:02
  Speaker 1: you know, the optimal optimist, you know, they wanted to
• 5:06
  Speaker 1: promise the world with that thing. Where is it? When
• 5:09
  Speaker 1: are we going to see something that's actually useful? So
• 5:11
  Speaker 1: the video is great. It makes for great viral clips.
• 5:14
  Speaker 1: But and it's fun. Believe me, I love it. But
• 5:16
  Speaker 1: let's get some robots that actually do stuff for humans
• 5:18
  Speaker 1: that we can afford.
• 5:19
  Speaker 3: Yeah, but that's not nearly as sexy as watching a
• 5:24
  Speaker 3: race with robots or watching a robot do backflips.
• 5:28
  Speaker 2: And you're right.
• 5:28
  Speaker 1: Or boxing.
• 5:30
  Speaker 2: Or boxing, yeah. It's a great video. And you're right.
• 5:33
  Speaker 2: It's pretty exciting stuff to see. But you're right.
• 5:36
  Speaker 3: Although I have seen robots, as a matter of fact,
• 5:39
  Speaker 3: doing dishes, but very rudimentary. Nothing with any sophistication at all.
• 5:45
  Speaker 3: All right, let's take a break, come back.
• 5:47
  Speaker 1: That's the thing. At the end of the day, humans
• 5:48
  Speaker 1: can still do all this stuff faster, easier with less training.
• 5:51
  Speaker 1: So it's like until that's over eclipsed, we don't have
• 5:54
  Speaker 1: a problem just yet.
• 5:55
  Speaker 3: And when you talk about what the human hand can
• 5:57
  Speaker 3: do versus trying to simulate that with a robotic hand, boy,
• 6:04
  Speaker 3: we're 100 years apart from that. You've got a bunch
• 6:09
  Speaker 3: of stuff that I want to talk about.
• 6:12
  Speaker 2: Let's talk about your testing the RadioShack radio.
• 6:17
  Speaker 3: Now, it used to be, and I don't know how
• 6:20
  Speaker 3: aged we are or how much it proves how old
• 6:23
  Speaker 3: we are, but RadioShack, in early days of technology, was
• 6:27
  Speaker 3: the go-to place to get stuff.
• 6:31
  Speaker 2: I remember that. You had the first handheld calculator, if
• 6:35
  Speaker 2: I'm not mistaken.
• 6:36
  Speaker 3: Yes. At Radio Shack, you had all the gizmos you
• 6:40
  Speaker 3: could buy, make your own computer kind of thing, early days.
• 6:43
  Speaker 3: You are testing or have tested a Radio Shack radio,
• 6:48
  Speaker 3: at least a sort of wannabe.
• 6:52
  Speaker 2: Tell us about it.
• 6:55
  Speaker 1: It's a real radio, and yes, Radio Shack was the
• 6:57
  Speaker 1: place to go. In fact, on my radio show, I
• 7:01
  Speaker 1: don't know how it came about, but we just started
• 7:03
  Speaker 1: talking about the fall of fries and obviously back in
• 7:07
  Speaker 1: the day, Radio Shack and how there's really not a
• 7:09
  Speaker 1: lot of local electronic stores anymore. And people were emailing
• 7:14
  Speaker 1: in from across the country talking about, you know, all
• 7:16
  Speaker 1: these different places that are in their area. But there's
• 7:18
  Speaker 1: there's really not that many anymore. In fact, one of
• 7:21
  Speaker 1: the places that people mentioned here in Southern California actually
• 7:24
  Speaker 1: closed apparently recently. So I guess it's called Orvac. I
• 7:28
  Speaker 1: was not aware of that one. Anyway, long story short, yes,
• 7:31
  Speaker 1: Radio Shack has come back mostly in brand. They are
• 7:35
  Speaker 1: licensing to various companies. They're at CES and they're making
• 7:38
  Speaker 1: a whole bunch of gadgets, you know, capitalizing on the
• 7:42
  Speaker 1: nostalgia of older gadgets. And so I've been testing this
• 7:45
  Speaker 1: retro wireless radio. And Bill, it's been a while since
• 7:49
  Speaker 1: I've actually tuned in a dial, you know, like turned
• 7:52
  Speaker 1: a dial and you can hear this thing. You can
• 7:55
  Speaker 1: hear it like just, you know, you hear that. Like
• 7:58
  Speaker 1: that little sound of like, when was the last time
• 8:01
  Speaker 1: you experienced that? So my face just lit up. I
• 8:05
  Speaker 1: had a big smile, tuning in various radio stations. And
• 8:09
  Speaker 1: it's like 40 bucks. It looks retro and it does
• 8:12
  Speaker 1: all the modern stuff. So not only can you do
• 8:14
  Speaker 1: AM FM, but you can also do Bluetooth as well.
• 8:18
  Speaker 1: And there's a little part for a micro SD card slot.
• 8:21
  Speaker 1: So you can put your own MP3s in there if
• 8:23
  Speaker 1: you want to.
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  Speaker 3: Hey, does Radio Shack even exist as a standalone store
• 8:27
  Speaker 3: or part of a chain?
• 8:28
  Speaker 1: I don't, I think, I don't think so. I don't
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  Speaker 1: think there's any more physical Radio Shack locations. There might
• 8:35
  Speaker 1: be one left in the U.S. somewhere. People have these
• 8:39
  Speaker 1: like websites where they say there's like one more, you know,
• 8:42
  Speaker 1: Sears or something like that. So I think there's one
• 8:45
  Speaker 1: more Sears in California. But no, I don't think there's
• 8:47
  Speaker 1: another physical store. Let's see. Okay, it says stores. Here
• 8:51
  Speaker 1: we go. Let's see. Yeah. Okay, now they're authorized resellers,
• 8:55
  Speaker 1: it looks like, for the most part.
• 8:56
  Speaker 2: Okay, but not Radio Shack stores.
• 8:58
  Speaker 3: Like the one Blockbuster left in the world up in Washington.
• 9:03
  Speaker 2: Bend, Oregon. Oh, Bend, Oregon, right. And they don't even
• 9:07
  Speaker 2: rent movies. They just sell merch. That's where they make
• 9:11
  Speaker 2: all their money.
• 9:12
  Speaker 1: No, no, they rent movies. They do. I visited a
• 9:15
  Speaker 1: couple years ago.
• 9:16
  Speaker 2: On what platform do they rent movies?
• 9:20
  Speaker 1: I mean, I still have VHS, but mostly it's DVDs.
• 9:24
  Speaker 3: Okay, so how many people have VHS devices and even
• 9:29
  Speaker 3: DVD recording devices?
• 9:32
  Speaker 2: Nobody. I don't know anybody.
• 9:34
  Speaker 1: Not a lot. No, I mean, but you're right. You're
• 9:37
  Speaker 1: right in the idea that they make a majority of
• 9:40
  Speaker 1: their money by looky-loos coming in to get T-shirts and
• 9:43
  Speaker 1: all kinds of, you know, you can actually print, they'll
• 9:45
  Speaker 1: print you an old Blockbuster CD membership card that they
• 9:49
  Speaker 1: remember they used to print.
• 9:50
  Speaker 3: Oh yeah i remember i was a member yeah i
• 9:52
  Speaker 3: was a member of blockbuster.
• 9:53
  Speaker 1: And laminate it.
• 9:55
  Speaker 2: Yeah, absolutely.
• 9:56
  Speaker 1: All right.
• 9:58
  Speaker 3: This is kind of an interesting one. Aura, a lawsuit
• 10:03
  Speaker 3: against it challenging its sleep tracking. You would think it's
• 10:07
  Speaker 3: pretty good stuff. What's the basis.
• 10:09
  Speaker 2: Of this lawsuit?
• 10:11
  Speaker 1: I mean, I read this whole lawsuit, Bill, because it's
• 10:14
  Speaker 1: 53 pages. It's actually brought by the lawyers in Malibu,
• 10:18
  Speaker 1: the person... is here in LA. And basically she says,
• 10:21
  Speaker 1: I bought this $ 500 ring and I don't think it
• 10:24
  Speaker 1: tracks my sleep. And that's it. She's doing a class action.
• 10:27
  Speaker 1: So she didn't test it against anything. She didn't try
• 10:30
  Speaker 1: it against, you know, studies. She just said, I don't
• 10:32
  Speaker 1: think this tracks my sleep properly. And, you know, she
• 10:36
  Speaker 1: says it's no better than a coin toss. And so
• 10:38
  Speaker 1: now there's she's suing Aura. Aura came back and said, no,
• 10:43
  Speaker 1: we've done a bunch of peer-related, peer-reviewed studies. that say
• 10:48
  Speaker 1: we're up to 90% accurate in some of our sleep tracking.
• 10:53
  Speaker 1: And so now we're going to go to court and
• 10:55
  Speaker 1: we're going to fight you on this. But I was
• 10:56
  Speaker 1: curious from you, Bill, I guess anyone could just say
• 10:59
  Speaker 1: anything about whatever they want and have to go to
• 11:02
  Speaker 1: court to defend it?
• 11:02
  Speaker 3: Well, yeah, you can, except when it comes to class action,
• 11:04
  Speaker 3: you have to go and have it certified. You have
• 11:06
  Speaker 3: to go to the court and have the court allow
• 11:09
  Speaker 3: it to go forward. You can't just argue class action.
• 11:14
  Speaker 3: because you just can't. Otherwise, everybody would be suing constantly.
• 11:18
  Speaker 3: For example, this woman, one woman suing a company because
• 11:23
  Speaker 3: she couldn't sleep.
• 11:24
  Speaker 2: All right, class action.
• 11:26
  Speaker 3: And that is a class action now on behalf of
• 11:29
  Speaker 3: everybody who has bought Aura. And if usually they settle,
• 11:33
  Speaker 3: and in this case, it would settle if it goes
• 11:35
  Speaker 3: forward for millions and millions of dollars. It's a small
• 11:39
  Speaker 3: claim suit is what it is. And she should get
• 11:42
  Speaker 3: her $ 500 back if she's unhappy. But these are lawyers.
• 11:46
  Speaker 1: Return the thing. You don't think it works? Return it.
• 11:49
  Speaker 1: Come on.
• 11:50
  Speaker 3: Let me tell you what happens with class action suits.
• 11:53
  Speaker 3: You know who makes all the money? I mean all
• 11:55
  Speaker 3: of the money.
• 11:56
  Speaker 1: Lawyers.
• 11:58
  Speaker 2: The lawyers make the money.
• 11:59
  Speaker 3: There was a huge class action suit against Kellogg's, for example.
• 12:04
  Speaker 3: And that had to do with when they did change
• 12:07
  Speaker 3: it legitimately. You now see on... cereal boxes this is
• 12:12
  Speaker 3: by weight not by volume uh so it was they
• 12:16
  Speaker 3: would they just said 16 ounces or 32 ounces and
• 12:19
  Speaker 3: the argument was it isn't 32 ounces in volume and
• 12:22
  Speaker 3: so they had to change it uh it's weight only
• 12:25
  Speaker 3: that was a class action suit against uh kellogg's i
• 12:29
  Speaker 3: think it was kellogg's okay well on behalf of everybody
• 12:31
  Speaker 3: who has ever bought a box of cornflakes Okay, so
• 12:35
  Speaker 3: what did the court award all the people who had
• 12:40
  Speaker 3: eaten Corn Flakes? A 35-cent coupon off their next box
• 12:44
  Speaker 3: of Corn Flakes. Lawyers, millions of dollars they got for that.
• 12:51
  Speaker 1: They're eating a fancy breakfast now.
• 12:53
  Speaker 2: Oh, yeah, you betcha.
• 12:54
  Speaker 3: All right, we'll catch you Saturday, 11 o'clock right here
• 12:58
  Speaker 3: on KFI, KTLA Every Day, a website which has tons
• 13:02
  Speaker 3: of stuff on it, richontech.tv. And if you want to
• 13:06
  Speaker 3: follow him on Insta, it's at richontech. Rich, take care
• 13:09
  Speaker 3: of yourself. We'll catch you again this weekend, actually.
• 13:11
  Speaker 1: See you later. Okay.
• 13:13
  Speaker 2: Rich DeMuro. All right. I learned a whole lot.
• 13:16
  Speaker 1: All right.
• 13:17
  Speaker 3: The mayor of New York, Zohran Mondami, is a democratic socialist.
• 13:24
  Speaker 2: I mean, the guy's mainly a socialist.
• 13:26
  Speaker 3: I know you hear the word communist being bandied about,
• 13:29
  Speaker 3: and you will during the midterms.
• 13:31
  Speaker 2: It is not communism.
• 13:33
  Speaker 3: It is not fully socialism. Socialism is governmental control, not
• 13:38
  Speaker 3: governmental ownership. but governmental control of a lot of society,
• 13:44
  Speaker 3: governmental programs, lots of taxes, and so a lot of
• 13:48
  Speaker 3: entitlement programs. Now, the big thing with Mamdami, and it's
• 13:53
  Speaker 3: more than just his announcement that he's making good on
• 13:57
  Speaker 3: a campaign promise and that he is going to open
• 14:01
  Speaker 3: five government-owned grocery stores. And this is kind of unusual
• 14:05
  Speaker 3: because the government doesn't own grocery stores for the most part.
• 14:09
  Speaker 3: And he is saying this is going to help New
• 14:13
  Speaker 3: Yorkers because it's just too expensive. It's just too expensive
• 14:17
  Speaker 3: to live in the United States, particularly New York. And
• 14:21
  Speaker 3: what makes this a big story is, first of all,
• 14:23
  Speaker 3: the political fallout here. because it says an awful lot
• 14:26
  Speaker 3: about where politics is going across the country with progressives
• 14:30
  Speaker 3: and liberalism. And whenever the mayor of New York does anything,
• 14:35
  Speaker 3: it definitely goes throughout the country. I mean, the ripple
• 14:39
  Speaker 3: goes out because, by definition, the mayor of New York
• 14:43
  Speaker 3: is a national figure, period. And so people pay attention.
• 14:47
  Speaker 3: Because normally, yeah, what do we care about New York? Okay,
• 14:50
  Speaker 3: they're going to subsidize. They're not going to subsidize. It
• 14:52
  Speaker 3: doesn't bother us, except— we're talking about the bigger political
• 14:57
  Speaker 3: landscape and what's going on. And that is, uh, the
• 15:00
  Speaker 3: pushback against the conservatives, against the, uh, against the, uh,
• 15:04
  Speaker 3: Trump administration and Republicans, especially, uh, the MAGA folks, uh,
• 15:10
  Speaker 3: MAGA folks. In any case, uh, there's a lawsuit now
• 15:13
  Speaker 3: it's being filed against the mayor, against New York, uh, by, uh.
• 15:17
  Speaker 2: The multi multicultural business coalition.
• 15:21
  Speaker 3: And, uh, a bunch of, uh, organizations that own grocery stores,
• 15:28
  Speaker 3: arguing that this would introduce unfair competition to a struggling
• 15:33
  Speaker 3: local industry and harm immigrant and minority owned businesses. Because
• 15:38
  Speaker 3: the plan is going to offer a core basket of
• 15:40
  Speaker 3: staples at 30% discount.
• 15:43
  Speaker 2: Below market rate.
• 15:45
  Speaker 3: And the operators, the store owners are actually receiving free
• 15:48
  Speaker 3: rent and subsidies.
• 15:49
  Speaker 2: So the government's not going to own the stores.
• 15:51
  Speaker 3: What the government's going to do is subsidize those stores
• 15:54
  Speaker 3: and giving government a land. Let's say the city owns some,
• 15:59
  Speaker 3: you know, office space or, you know, some frontage.
• 16:02
  Speaker 2: Here you go.
• 16:02
  Speaker 3: It's free if you open up a store and we'll
• 16:05
  Speaker 3: subsidize it. We just want people to be able to
• 16:08
  Speaker 3: buy at 30% below market.
• 16:10
  Speaker 2: Rates because it's expensive out there. No question.
• 16:14
  Speaker 3: I mean, inflation has really killed us. You know, as
• 16:17
  Speaker 3: much as we hear inflation is under control and prices
• 16:20
  Speaker 3: have dropped, they have not. It is very expensive out
• 16:22
  Speaker 3: there to live. So what is the legality of what
• 16:25
  Speaker 3: he is doing? Well, they're arguing, no, it should be illegal.
• 16:29
  Speaker 3: The government shouldn't be involved. But, you know, the government's
• 16:32
  Speaker 3: involved in all kinds of things. For example, rent control.
• 16:35
  Speaker 3: That's the government. How about subsidies? That's the government. That's
• 16:41
  Speaker 3: not illegal. This is not going to be illegal. This
• 16:44
  Speaker 3: is going to fly. And the argument, even though it's
• 16:47
  Speaker 3: being brought to the courts, and Mondami is right, this
• 16:50
  Speaker 3: is going to be upheld 100%. The problem is how
• 16:54
  Speaker 3: far is this going to go? And then we have
• 16:58
  Speaker 3: to decide as a society, we do that through the vote,
• 17:03
  Speaker 3: where we want our politics to go. Because the pendulum
• 17:07
  Speaker 3: is swinging. We'll find out what happens in the midterms
• 17:09
  Speaker 3: at this point. But the pendulum is swinging. And here's
• 17:13
  Speaker 3: what happens. When it goes one way, it goes back
• 17:16
  Speaker 3: the other way. Remember when the liberals literally co-opted the
• 17:25
  Speaker 3: entire Democratic Party? Completely.
• 17:28
  Speaker 2: Completely.
• 17:29
  Speaker 3: To the point that George McGovern ran for president. A left-wingist,
• 17:33
  Speaker 3: you can't imagine how left-wing that was. He was nominated
• 17:36
  Speaker 3: and ran for president. And then you have a Donald
• 17:41
  Speaker 3: Trump who is super conservative, at least the way we
• 17:45
  Speaker 3: view it, and looks at his MAGA support and tell
• 17:51
  Speaker 3: me that they're not super conservative.
• 17:54
  Speaker 2: The pendulum's coming back.
• 17:56
  Speaker 3: It just goes back and forth, and Mamdami is going
• 17:59
  Speaker 3: to be the poster child for the most part of
• 18:03
  Speaker 3: this movement. That's what makes it so important, and we
• 18:06
  Speaker 3: have to take a look at it. Okay, so now
• 18:08
  Speaker 3: let's talk about the important stuff. Yesterday, Scott Besant, who
• 18:12
  Speaker 3: is our Treasury Secretary, announced in the latest episode of
• 18:16
  Speaker 3: the war in Iran– Economic D-Day. Forget about going at
• 18:22
  Speaker 3: war physically. Forget about using munitions or drones or bombs. Nope,
• 18:28
  Speaker 3: that's off the table now because it doesn't work. Because
• 18:31
  Speaker 3: Iran simply has not caved. And it looks like it
• 18:35
  Speaker 3: doesn't matter what the United States does in terms of
• 18:39
  Speaker 3: its war effort.
• 18:40
  Speaker 2: It's not going to work.
• 18:41
  Speaker 3: And the president is really leery of going back to
• 18:45
  Speaker 3: bombing Iran, attacking Iran, especially now. It's going to be
• 18:50
  Speaker 3: a real fight. Iran does not back down. So economically,
• 18:53
  Speaker 3: let's go to war with Iran economically. And what the
• 18:57
  Speaker 3: president said through Scott Besant is we are going to
• 19:00
  Speaker 3: sanction not Iran because we've already sanctioned Iran.
• 19:04
  Speaker 2: What we're going to do.
• 19:05
  Speaker 3: Is any country or any entity, any business that does
• 19:10
  Speaker 3: business with Iran is going to get the full might
• 19:14
  Speaker 3: of America going right back.
• 19:15
  Speaker 2: Countries, it'll be tariffs.
• 19:18
  Speaker 3: Countries, it will be, we'll stop doing business and force
• 19:22
  Speaker 3: those countries to either choose, you want to do business
• 19:24
  Speaker 3: with Iran or do you want to have the ire
• 19:26
  Speaker 3: of the United States going after you? And here is
• 19:30
  Speaker 3: the problem, is the president is in a corner. How
• 19:34
  Speaker 3: does he get out of this? He thought that the
• 19:37
  Speaker 3: attack on Iran would wrap it all up. Remember regime change?
• 19:42
  Speaker 3: Or still regime change as far as he's concerned. He's
• 19:44
  Speaker 3: never backed down from that because we've taken out the
• 19:47
  Speaker 3: top leadership of Iran, the secondary leader.
• 19:50
  Speaker 2: Of Iran.
• 19:50
  Speaker 3: So that means regime change with a third of leadership,
• 19:53
  Speaker 3: which is now, by the way, the Revolutionary Guard that
• 19:55
  Speaker 3: controls more of Iran than it did before.
• 19:58
  Speaker 2: Okay, so regime change is out.
• 20:00
  Speaker 3: Its ability to maintain a war effort, that's sort of
• 20:05
  Speaker 3: out because even though we have won the war, the
• 20:08
  Speaker 3: president said that was the first hour, And then he
• 20:11
  Speaker 3: said the war is going to go from two to
• 20:12
  Speaker 3: four weeks or four to six weeks.
• 20:14
  Speaker 2: Well, we're in month six already.
• 20:17
  Speaker 3: We've taken out their military, which is true. But I'll
• 20:19
  Speaker 3: tell you what we haven't taken out. We haven't taken
• 20:21
  Speaker 3: out their drones and we haven't taken out their missiles.
• 20:25
  Speaker 3: And that's where they're fighting. There's not going to be
• 20:28
  Speaker 3: a ground war. I mean, Iran is not going to
• 20:31
  Speaker 3: attack the United States. But what it does attack is
• 20:35
  Speaker 3: American bases. It does attack its neighbor's. And that's going on.
• 20:42
  Speaker 3: And Iran has said, very simple, you continue this, we
• 20:47
  Speaker 3: are going to attack all of our neighbors. There will
• 20:50
  Speaker 3: be no oil flowing out of the Middle East by
• 20:52
  Speaker 3: the time we're finished.
• 20:54
  Speaker 2: I believe every word of that. So what does the
• 20:55
  Speaker 2: president do? He's stuck between a rock and a hard place.
• 21:01
  Speaker 3: By the way, all of that regime change and all
• 21:03
  Speaker 3: of that business is gone.
• 21:07
  Speaker 2: You know, that rhetoric is gone. Now it's the ability of.
• 21:10
  Speaker 3: Iran to maintain or create a nuclear program, nuclear weapons program.
• 21:15
  Speaker 3: And that's why we've gone to war. Well, again, we
• 21:19
  Speaker 3: really don't know. I think what the president is going
• 21:22
  Speaker 3: to do is go back to what the treaty was,
• 21:26
  Speaker 3: the agreement during the Obama years, the Obama deal, which
• 21:30
  Speaker 3: he pulled out of saying that it was the worst
• 21:33
  Speaker 3: deal in the history of mankind ever. And I think
• 21:36
  Speaker 3: he would love to go back to that, although he'll
• 21:38
  Speaker 3: never admit that. So now it's the Iranians saying, okay,
• 21:43
  Speaker 3: we'll play chicken with you. Now, the war has already
• 21:48
  Speaker 3: started economically. Iran is in a lot of trouble economically.
• 21:52
  Speaker 2: It really is falling apart.
• 21:54
  Speaker 3: Inflation, unemployment, the rial, which is Iran's currency, has plummeted 41%
• 22:01
  Speaker 3: since December 2020. Iran has no money, but the Revolutionary
• 22:08
  Speaker 3: Guard doesn't care.
• 22:11
  Speaker 2: They don't care. They control that country.
• 22:15
  Speaker 3: If there is a demonstration, and there was a few
• 22:18
  Speaker 3: months ago, there was an uprising, and they just took
• 22:21
  Speaker 3: out 40 or 50,000 people. They just brought out, Revolutionary
• 22:25
  Speaker 3: Guard just brought out the machine guns and mowed people down. Well,
• 22:30
  Speaker 3: those demonstrations stopped really quickly. So now we are waiting.
• 22:35
  Speaker 3: We're in wars on two different levels economically. We've got
• 22:39
  Speaker 3: the tariff wars going on. Canada and the United States
• 22:43
  Speaker 3: are in a huge pissing match on this one. The
• 22:47
  Speaker 3: issue with the countries that do business with Iran, that
• 22:51
  Speaker 3: the United States is going to pull its full economic might.
• 22:56
  Speaker 2: And will punish them, China..
• 23:00
  Speaker 3: Is the United States ready to go to war, economic war,
• 23:03
  Speaker 3: with China, where so much of what we buy comes
• 23:06
  Speaker 3: from China? Then you have Turkey. They do enormous amounts
• 23:11
  Speaker 3: of business with Turkey. And the bottom line is, where
• 23:16
  Speaker 3: is the president going to go?
• 23:18
  Speaker 2: Oh, he's going to hit businesses.
• 23:19
  Speaker 3: And there'll be smaller countries that say, OK, we'll leave
• 23:22
  Speaker 3: Iran alone. Oh, yeah, we won't deal with them. But
• 23:26
  Speaker 3: what do you do with a country like China that
• 23:28
  Speaker 3: is not going to back down?
• 23:30
  Speaker 2: It's not going to let the U.S. make the call.
• 23:32
  Speaker 3: And now, does the president go to war? And I
• 23:36
  Speaker 3: mean war, economic war, be it. It's not going to
• 23:38
  Speaker 3: be a physical war, of course. Does it go to
• 23:40
  Speaker 3: war with China? That is the question. I'm saying no.
• 23:46
  Speaker 3: I think if I had to guess at this point,
• 23:49
  Speaker 3: the president is going to do exactly what he has
• 23:51
  Speaker 3: done ever since the war in Iran has started. And
• 23:55
  Speaker 3: that is back down, back down, reverse, pull back, change
• 23:59
  Speaker 3: his mind, says, we're going to do this, we're going
• 24:03
  Speaker 3: to do that. It's going to start on Wednesday. It's
• 24:05
  Speaker 3: going to start next week. Believe me, we'll obliterate Iran.
• 24:09
  Speaker 3: None of that has happened. I changed my mind. As
• 24:14
  Speaker 3: a matter of fact, I'm not in any rush at all.
• 24:16
  Speaker 2: We'll just take it easy while this goes on.
• 24:19
  Speaker 1: Come on. Really?
• 24:20
  Speaker 3: Really?
• 24:21
  Speaker 2: All right, we're done, guys. That's it. Fini. You've been
• 24:25
  Speaker 2: listening to The Bill Handel Show. Catch my show Monday
• 24:27
  Speaker 2: through Friday, 6 a.m. to 9 a.m. and anytime on
• 24:31
  Speaker 2: demand on the iHeartRadio app.