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Mark interviews economist Steve Moore. · The Mark Simone Show

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  Speaker 1: He knows his way around all this.
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  Speaker 2: It's the Mark Simone Show on seven tenor well Steve Moore,
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  Speaker 2: the brilliant Economists. Make sure you get his book, The
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  Speaker 2: Trump Economic Miracle. You'll learn a lot. Also, he runs
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  Speaker 2: the Committee to Unleash Prosperity and they put out the
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  Speaker 2: best daily briefing, news and analysis, best smartest people in
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  Speaker 2: the world. Get this every It's free. It'll come right
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  Speaker 2: to your email. Just go sign up, go to Unleash
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  Speaker 2: Prosperity dot com. Steve Moore, how you doing well.
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  Speaker 1: Mark, I'm doing well, boy. A lot of things going
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  Speaker 1: on in the world right now as we speak. I mean,
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  Speaker 1: you've got obviously Trump meeting with President g I think
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  Speaker 1: they're probably meeting right now. I get confused with the
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  Speaker 1: big time change. And then of course now it looks
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  Speaker 1: like the British government is is going to fall. There's
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  Speaker 1: all sorts of turmoil over there. And then you've got
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  Speaker 1: going what's going on in Los Angeles with this this
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  Speaker 1: new Republican candidate who's catching fighter. It's just an amazing
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  Speaker 1: time that we live in. And I think there's a
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  Speaker 1: revolt against big government and high taxes and the liberal
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  Speaker 1: stupidity in terms of the way that they govern and
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  Speaker 1: the way that they keep taking more of our money
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  Speaker 1: away from us and more of our freedom. So it's
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  Speaker 1: amazing time we're living in.
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  Speaker 2: Yeah, it does go in cycles. Hey, let me start
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  Speaker 2: with China. If you watch the American media then network coverage,
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  Speaker 2: it it sounds like we're going over there, beggars hat
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  Speaker 2: in hand with China. Yeah, our little economy up against
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  Speaker 2: the big super power. The truth is their economy is
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  Speaker 2: not so strong. We're doing much better than they are,
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  Speaker 2: aren't we.
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  Speaker 1: You know, it's so funny you should mention that because
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  Speaker 1: I was just writing something for Tomorrow's Hotline on exactly
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  Speaker 1: that topic. So, you know, there's a New York Times
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  Speaker 1: piece out today about how, oh, you know, China has
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  Speaker 1: become the new superpower because Trump's such a horrible president
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  Speaker 1: and you know, Americans in decline and China's ready to
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  Speaker 1: take over as those superpower. And so I look, I
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  Speaker 1: just looked at the statistics. Our stock market just in
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  Speaker 1: the last twelve fifteen years has has exploded five times
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  Speaker 1: faster than the Chinese stock market. They've basically been flat,
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  Speaker 1: and we just keep going up, up up about now.
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  Speaker 1: Of course, there are problems in now in America, people
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  Speaker 1: are angry about high gas prices, high grocery prices, high
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  Speaker 1: housing prices. But my god, you compare that with what's
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  Speaker 1: going on in China, which is just stagnant. And so
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  Speaker 1: for the New York Times to say, oh, they're the
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  Speaker 1: new model of central planning and having the government run
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  Speaker 1: or anything, it's just crazy. But no, we I want
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  Speaker 1: Trump to be very, very, very tough with President g
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  Speaker 1: I mean, it's been a lot of pomp and circumstance
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  Speaker 1: the last couple of days, but when he gets behind
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  Speaker 1: closed doors, you know, we've got to get them to
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  Speaker 1: be more well. They're involved in very predatory trade practices.
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  Speaker 1: As you know, they are not helping at all in
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  Speaker 1: the Middle East with respect to the you know, the
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  Speaker 1: situation with the getting the straight Remo open and by
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  Speaker 1: the way, they get more oil from the Middle East
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  Speaker 1: than we do. So and then Taiwan is going to
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  Speaker 1: be a big issue too, because they they are getting
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  Speaker 1: very close apparently to possibly invading Taiwan. And you know,
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  Speaker 1: Trump is basically said, hell, no, you're not. We're not
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  Speaker 1: going to let you do that.
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  Speaker 2: Yeah. I just explained to people, there's no way we
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  Speaker 2: can allow them to take Taiwan. What would be the
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  Speaker 2: horror of that?
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  Speaker 1: Well, you know, it's helps situation because you know, we're
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  Speaker 1: thousands of miles away from from from Taiwan, and they've
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  Speaker 1: always had their say Taiwan is an embarrassment to China
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  Speaker 1: because Taiwan is so much richer than China is. The
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  Speaker 1: average Taiwanese citizen has a living standards of three or
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  Speaker 1: four times higher than the average person living in China,
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  Speaker 1: and so that they don't like that. They don't like
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  Speaker 1: to be embarrassed by that, so they want to take
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  Speaker 1: it over. You know that Taiwan is critical for chip making,
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  Speaker 1: for microchips in our cell phones and our computers and
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  Speaker 1: so on. So you know whether or not we could
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  Speaker 1: we would be able to blockade that blot them from
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  Speaker 1: invading timeline. I don't know. A lot of people think
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  Speaker 1: it's inevitable that's going to happen because they believe in
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  Speaker 1: the one China, which means they just take over these
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  Speaker 1: areas that that you know, we're once part of communist China.
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  Speaker 1: So and look they're they're communists, These these are bad leaders.
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  Speaker 1: This is an even umpire we're dealing with.
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  Speaker 2: Yeah, so yeah, well, hopefully this will be a very
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  Speaker 2: successful trip for the president. Gas prices are up obviously
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  Speaker 2: because of the uh the Iran conflict. What about the
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  Speaker 2: inflation numbers weren't so good this week. That's just the
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  Speaker 2: result of gas gas prices filled.
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  Speaker 1: Yeah, that was predictable. I mean, look, when gas prices
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  Speaker 1: go up and energy prices go up, the price of
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  Speaker 1: everything else goes up. I mean, it goes happen the
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  Speaker 1: airline tickets and transportation costs and so on. I mean,
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  Speaker 1: it's just inevitable. So we've got to get the look.
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  Speaker 1: I want to make sure that your listeners understand there's
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  Speaker 1: no shortage of oil or gas in the world, and
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  Speaker 1: it's it's we're a wash in it. It's just you've
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  Speaker 1: got these supply chaine disruptions that are happening in the
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  Speaker 1: Middle East, and that has thrown, you know, the energy
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  Speaker 1: markets into turmoil. At some point, it's going to get fixed.
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  Speaker 1: It's a question whether it's going to be in three
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  Speaker 1: days or three weeks or three months. But it's it's
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  Speaker 1: really important for Republicans. This is a political matter, Mark
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  Speaker 1: to get the strait of Hormues open so the flow
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  Speaker 1: oil is flowing because if people are facing five dollars
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  Speaker 1: gallon gas, you know, Republicans could be facing big wipeout
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  Speaker 1: in November.
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  Speaker 2: Yeah, you get the same situation with fertilizer, and yeah,
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  Speaker 2: ran conflict. Fertilizer prices going up. How does that ripple
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  Speaker 2: out through the economy.
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  Speaker 1: It's a big deal, you know. So I didn't realize this,
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  Speaker 1: you know, until a few weeks ago when I started
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  Speaker 1: looking into this. But there is a big for you.
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  Speaker 1: Just ask a farmer, and there's a big worldwide fertilizer shortage.
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  Speaker 1: And this is planting season. This is a spring and
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  Speaker 1: so this is when they plant, but they can't plan
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  Speaker 1: out if they don't have the fertilizer. And I didn't
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  Speaker 1: realize we're so dependent on importing the fertilizer from the
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  Speaker 1: Middle East and other countries. So that too has been
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  Speaker 1: blocked by the Iranians who are not letting these ships
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  Speaker 1: get through. And that could mean higher grocery prices. So
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  Speaker 1: one thing that Trump should do is there's a tariff
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  Speaker 1: that we impose unimported fertilizer. Well, this is not a
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  Speaker 1: great time to have make fertilizer more expensive, so they
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  Speaker 1: should probably lift that. That was a Biden. You're a
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  Speaker 1: tariff on imported fertilizer. We should get rid of that
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  Speaker 1: so that the farmers have enough fertilizer so they can
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  Speaker 1: grow our crops. Our beans, our corn, are wheat and
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  Speaker 1: so on are very much affected by this worldwide shortage.
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  Speaker 2: Yeah. Hey, Steve Moore, our buddy Kevin Walsh yesterday got
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  Speaker 2: officially now nominated as or voted in as the FED
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  Speaker 2: share How's.
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  Speaker 1: That con confirmed? Yeah, firms, Yeah, it's amazing. I mean,
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  Speaker 1: I'm just so a glow over this because Kevin worsh
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  Speaker 1: will be I think an outstanding FED chairman. He understands
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  Speaker 1: what people like Larry Cobo and our la and Steve
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  Speaker 1: Forbes have taught us over the years, which is that
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  Speaker 1: you want a stable dollar, you want a dollar that's
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  Speaker 1: as good as gold, and that we can't have inflation
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  Speaker 1: and rise nine percent as it did under the worst
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  Speaker 1: feed German in fifty years, and that was Jerome Powell.
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  Speaker 1: So it's a good news that Jerome Powell is leaving.
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  Speaker 1: It's very good news that Kevin Walsh, who does believe
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  Speaker 1: in the strong dollar and does believe in fighting inflation
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  Speaker 1: so that we're not going to see you know, food
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  Speaker 1: prices and energy prices go through the roof. So I'm
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  Speaker 1: very happy, but I'm disgusted, Frankly, Mark, with the Senate Democrats,
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  Speaker 1: all but one Fetterman, all of but one voted against
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  Speaker 1: Kevin warsh even though he's the most qualified guy. I
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  Speaker 1: can't think of anybody more qualified in the country. You know,
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  Speaker 1: he has the experience, he's a monetary expert. It just
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  Speaker 1: shows how deep the trumpt derangement syndrome is among the Democrats.
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  Speaker 1: They won't even vote somebody who's highly qualified, non pololitical,
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  Speaker 1: just because they're trying to stick a finger in Trump's eye.
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  Speaker 2: Yeah, it's ridiculous. Hey, you say, Jerome poul is leaving,
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  Speaker 2: you think we might have to go to like landlord
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  Speaker 2: tenant court, to a victim to get him. He'll never
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  Speaker 2: give up that seat as well, he.
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  Speaker 1: Said, Well, that's the other issue is it's you know,
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  Speaker 1: this is this is a guy who hates Trump. He'll
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  Speaker 1: do everything he can to try to disrupt the economy
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  Speaker 1: while Trump is president, so he may stay on. And
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  Speaker 1: it's really not far to Kevin worsh to have the
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  Speaker 1: I don't I think it's been sixty years or something
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  Speaker 1: like that. Since the former Fed chairman stays on the board,
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  Speaker 1: it's just not done. It's bad for him. But you
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  Speaker 1: know what's Field saying that that Jerome poul has a
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  Speaker 1: lot of class with a capital A.
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  Speaker 2: Well, yeah, it's a terrible guy. Well, Steve Moore, you
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  Speaker 2: do great work. The committee Unleashed Prosperity puts out the
• 8:55
  Speaker 2: best daily briefing and boy I love getting that every
• 8:58
  Speaker 2: morning news analysis.
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  Speaker 1: Thank you, mar It's it's free. Did you mention it's free?
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  Speaker 2: It's free. It comes right to your email. Go to
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  Speaker 2: Unleash Prosperity dot com sign up. It's called the Hotline
• 9:09
  Speaker 2: and it's absolutely Free'll come write to your email. You're
• 9:11
  Speaker 2: going to sound much smarter when you start reading this
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  Speaker 2: every day. Okay, have a great weekend, Steve Moore, thanks
• 9:18
  Speaker 2: for calling. Yeah, make sure you sign up for that.
• 9:20
  Speaker 2: It's one of the best things you can read every day,
• 9:22
  Speaker 2: great issues and analysis. Just go to Unleash Prosperity dot
• 9:26
  Speaker 2: com and sign up for the Hotline. Hey, at noon today,
• 9:30
  Speaker 2: Buck and Clay, you do a wonderful show every day
• 9:33
  Speaker 2: at twelve noon. Now today at three o'clock. It's the
• 9:35
  Speaker 2: most listened to radio show in America Sean Hannity, but
• 9:39
  Speaker 2: I'll be filling in today, actually today and tomorrow. Shawn's
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  Speaker 2: in China. He's traveling with the President, so he may
• 9:47
  Speaker 2: check in with us from there, but I'll be filling
• 9:49
  Speaker 2: in today for Sean Hannity from three to six. And
• 9:51
  Speaker 2: then make sure you watch Hannity tonight Fox News Channel
• 9:55
  Speaker 2: because he's going to do an exclusive interview with the President.
• 9:59
  Speaker 2: It'll be the first major interview after the summit, after
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  Speaker 2: the meeting with President Chief, so this should be interesting
• 10:06
  Speaker 2: and you'll learn a lot from that. And then tonight
• 10:10
  Speaker 2: on WOR, make sure you hear Jimmy Fayala, who does
• 10:13
  Speaker 2: a great show, very funny, excellent show every night nine
• 10:17
  Speaker 2: to midnight, and he'll be we'll be talking to him
• 10:20
  Speaker 2: in the next hour. He'll be our guest coming up
• 10:23
  Speaker 2: on seven ten wo