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Predictive Markets Ripe for Inside Trading · Booker Scott: Truth Be Told

0:07
Speaker 1: It's 6 Eastern. It's 3 o'clock Pacific.
0:10
Speaker 2: This is a president of action.
0:11
Speaker 1: Coast to coast and around the world from the America
0:14
Speaker 1: Out Loud talk radio studios. If he says he's serious
0:17
Speaker 1: about something, he means it.
0:19
Speaker 3: It's time for The Truth Be Told with Booker Scott.
0:22
Speaker 2: I know a lot of people are concerned and worried.
0:25
Speaker 2: We see the Democrat Socialist of America continue to their
0:28
Speaker 2: insurgency in elections this past week. We're going to get
0:32
Speaker 2: into that this hour, plus a lot more. I'm Booker Scott.
0:35
Speaker 2: Co-host of this hour is Matt Palumbo. And Matt, what
0:38
Speaker 2: do you have planned for this 4th of July weekend?
0:42
Speaker 1: Barbecue and fireworks. Like everybody else. Like every other 4th
0:46
Speaker 1: of July, yeah. But no, this is the big one.
0:48
Speaker 1: I don't think the country is anywhere close to being over.
0:52
Speaker 1: I know there are some cynics out there. We've stood
0:54
Speaker 1: the test of time. And I feel like the longer
0:56
Speaker 1: the republic goes on, the more likely it becomes it'll
1:00
Speaker 1: go on even longer. It's still the test of time.
1:03
Speaker 2: It wasn't supposed to be perfect from the beginning, and
1:06
Speaker 2: the founders knew that. That's why they did the Constitution
1:09
Speaker 2: as they did, where it can be amended when it
1:11
Speaker 2: needs to, and we've had a lot of amendments through
1:13
Speaker 2: the years. But I know that people are concerned about
1:16
Speaker 2: these socialists, and I think they should be in reality.
1:20
Speaker 2: Let's take a look at CNN, this clip here with
1:23
Speaker 2: Scott Jennings, because he talks about, in the clip we'll
1:27
Speaker 2: talk about, how there is a division in this country.
1:30
Speaker 2: And I think that we all can sense that and
1:32
Speaker 2: feel that over the last decade. And we'll listen to
1:36
Speaker 2: this and see what CNN has to say in this roundtable.
1:40
Speaker 4: Right.
1:40
Speaker 5: And even if we look at like what the United
1:41
Speaker 5: States is the greatest country in the world, 36% of
1:44
Speaker 5: people said that was true. 41% said it's one of,
1:47
Speaker 5: but only 23, but 23% of people said we're not
1:50
Speaker 5: one of the greatest countries.
1:51
Speaker 3: And if you look at the splits on that by politics.
1:54
Speaker 3: What would you find? I don't have that slide to hand, Scott.
1:57
Speaker 6: But if you looked at the splits on how people
1:59
Speaker 6: feel about America, the promise of America, If you look
2:02
Speaker 6: at whether they're proud of their country or not, Gallup
2:04
Speaker 6: has measured this. Republicans and conservatives are proud to be
2:07
Speaker 6: Americans and it's Democrats and liberals who are not.
2:11
Speaker 3: And I think if you look at the splits in that,
2:13
Speaker 3: you'd find.
2:13
Speaker 5: Opposite of where I want to find the.
2:16
Speaker 3: Lines on the graph going this way.
2:18
Speaker 6: And honestly, I mean, I think there's a political movement
2:21
Speaker 6: in this country right now built on telling people that
2:23
Speaker 6: America's rotten at its core and it's not the Republican ideology.
2:27
Speaker 2: I agree with that. It's not the Republican ideology. The
2:29
Speaker 2: thing is, when Joe Biden was president, you probably had
2:32
Speaker 2: 84 percent of the Democrats that loved America. And now
2:36
Speaker 2: that Trump is there, you have what we have. And
2:39
Speaker 2: hopefully we'll get through it and get to better things.
2:41
Speaker 2: I believe that we can. I believe that it's possible.
2:44
Speaker 2: But we do have to be concerned about the Democrat
2:46
Speaker 2: socialists in America.
2:48
Speaker 1: Yeah, both Gallup, which Scott Jennings had a reference, and
2:51
Speaker 1: I believe Pew Research have done polling on patriotism and
2:56
Speaker 1: political affiliation. And it's what you were saying. If a
2:59
Speaker 1: Democrat is in office, it's like 90% of Republicans and
3:03
Speaker 1: close to that amount of Democrats all say America's great.
3:06
Speaker 1: If then a Republican gets elected, Republicans obviously still love
3:10
Speaker 1: America at the same rate, maybe marginally higher. But my
3:13
Speaker 1: point being is the Republicans appreciating America, thinking it's the
3:17
Speaker 1: best country in the world, those kind of traits, is
3:20
Speaker 1: not dependent on politics at all. With the left, when
3:23
Speaker 1: it's a Republican in office, that's when it tanks like
3:25
Speaker 1: a rock.
3:26
Speaker 7: Right.
3:26
Speaker 1: He is correct. I mean, there is a hierarchy where
3:29
Speaker 1: it goes conservative, independent, Democrat and how you view the country.
3:33
Speaker 1: But it's independents and then conservatives are the most patriotic
3:36
Speaker 1: and liberals are the least, but very selectively so. And
3:39
Speaker 1: it also makes you realize they don't actually have any
3:42
Speaker 1: true principles because you'll see. Left is in one breath
3:46
Speaker 1: if they don't like something Trump is doing, claiming, oh,
3:48
Speaker 1: he's betraying the founders, he's being against the Constitution. Well,
3:52
Speaker 1: when it's the other way, it's, well, if we're used
3:55
Speaker 1: in Constitution to defend gun rights, well, then it becomes... Well,
3:59
Speaker 1: they were slave owners who wrote that document. You know,
4:02
Speaker 1: whether or not America is a country that is foundationally
4:05
Speaker 1: good or foundationally evil just depends on what narrative they're
4:09
Speaker 1: promoting at any particular day. You know, they think, you know,
4:13
Speaker 1: and the examples are endless. Like they think America has
4:15
Speaker 1: this awful, evil history. except for World War II. Then
4:20
Speaker 1: we were the good guys. But just for that very
4:22
Speaker 1: brief period, and then the second that over, we went
4:24
Speaker 1: all back to being racist and anti-gay and whatever. And
4:28
Speaker 1: it's just their version of history just is very internally inconsistent.
4:32
Speaker 2: What do you make of last Tuesday's election in Colorado?
4:35
Speaker 2: They had a primary there, and another Democrat socialist won
4:38
Speaker 2: a couple of them, actually. And we saw that in
4:41
Speaker 2: New York the week before, and now we're going to Colorado,
4:44
Speaker 2: and people... are concerned about the socialists in this country
4:47
Speaker 2: that obviously perceive this country as bad, the way that
4:52
Speaker 2: the founders wanted it to be, and the way many
4:55
Speaker 2: of us want it to be. They look at a
4:57
Speaker 2: different country than we do.
4:59
Speaker 1: Yeah, I would say, you know, I think that it's
5:01
Speaker 1: kind of an obvious fact that if you think America
5:04
Speaker 1: is inherently bad, your politics naturally are going to be
5:09
Speaker 1: aimed at weakening America, whereas... you know, if you had
5:13
Speaker 1: two socialists running and one of them was like a
5:15
Speaker 1: socialist who is really pro-America and patriotic and legitimately believe
5:20
Speaker 1: that socialism would solve our problems, there would still be
5:23
Speaker 1: a disaster, but it would probably be less of a
5:25
Speaker 1: disaster than the socialist who thinks America is rotten to
5:28
Speaker 1: its core. Like if you had to pick between extremes,
5:31
Speaker 1: but that's just a random aside there. But to go
5:34
Speaker 1: to the So there's a woman named Mila Kiros. She,
5:40
Speaker 1: from what I read in her financial disclosure report, has
5:42
Speaker 1: a negative net worth up to $ 250, 000, was making, I think,
5:47
Speaker 1: below $ 15, 000 a year as an activist before that. And
5:51
Speaker 1: my point being, when you're almost 30 years old, if
5:53
Speaker 1: those are your statistics– we probably don't want you making
5:57
Speaker 1: decisions that run a country, but democratic voters disagreed. So she's, Oh,
6:01
Speaker 1: she worked at a law firm out of college and
6:04
Speaker 1: then got fired for complaining that they weren't taking a
6:08
Speaker 1: stance on Israel, Palestine, and has never been a lawyer since. So,
6:12
Speaker 1: not someone with the best decision-making skills, but her name
6:15
Speaker 1: is Mila Kiros, 29 years old. The Democrat she primaried
6:19
Speaker 1: has been in office for 30 years, so longer than
6:22
Speaker 1: she's been alive, and she just ended her political career.
6:25
Speaker 1: So it is impressive for that reason, but it's obviously
6:28
Speaker 1: depressing for the country. The other race was Senator John Bennett,
6:34
Speaker 1: or Michael Bennett, rather, the senator, was running for governor
6:37
Speaker 1: of Colorado in the Democratic primary race. He had a
6:40
Speaker 1: progressive running against him. I don't believe he was officially
6:42
Speaker 1: a socialist, but a far-left progressive to the left of Bennett.
6:46
Speaker 1: Bennett got defeated pretty badly. And it's the first time
6:50
Speaker 1: since the end of World War II where a sitting
6:53
Speaker 1: senator ran for an open governor's seat and lost in
6:57
Speaker 1: a primary. If you remove the caveat of an open
7:00
Speaker 1: Senate seat, the stat is true of the past 15 years.
7:04
Speaker 1: But it's still an upset. And then John Hickenlooper was
7:07
Speaker 1: primaried by... a democratic socialist, and he did fend off
7:11
Speaker 1: the challenger, but it was his closest primary win in
7:15
Speaker 1: 20 years. And his opponent didn't run a single TV ad.
7:20
Speaker 1: So it was the best performance against him ever with
7:24
Speaker 1: no resources really deployed. Um, and also of note, almost
7:27
Speaker 1: all these DSA types are foreign born. So you could,
7:30
Speaker 1: you know, we could tie this new immigration, um, Discussion
7:35
Speaker 1: or discussion about assimilation and all of that. The enemy,
7:38
Speaker 1: it's not even necessarily from within. It's being imported into
7:41
Speaker 1: the country.
7:42
Speaker 8: Yeah.
7:43
Speaker 2: Well, let's go to this video clip of Kiros here.
7:46
Speaker 2: This was her acceptance of the win that she had
7:49
Speaker 2: in Colorado Tuesday.
7:51
Speaker 9: I'm about the same age that my dad was when
7:55
Speaker 9: he came to this country. Betting on the promise, he
7:59
Speaker 9: chose Denver to be our home because he knew that
8:03
Speaker 9: this city would welcome us. And that same city just
8:06
Speaker 9: voted to send a 29-year-old recovering lawyer, barista, immigrant, Democrat.
8:16
Speaker 2: Don't we already have one of those? I mean, doesn't
8:18
Speaker 2: that fit AOC?
8:20
Speaker 1: AOC is enough. We're going to have, I think, six
8:22
Speaker 1: of these Democratic Socialists probably in the next Congress. And
8:25
Speaker 1: there's really more than six because there are– Like Richie Torres,
8:29
Speaker 1: Summer Lee, Sri Thra... The Indian fellow who's... I cannot...
8:35
Speaker 1: You're doing better than I could.
8:37
Speaker 2: So keep going.
8:38
Speaker 1: Sri Thardalink. Everyone knows who I mean.
8:41
Speaker 7: I'm not.
8:41
Speaker 1: I can't... I'm never going to get the name. But
8:43
Speaker 1: they were formerly DSA and either left or were kicked
8:46
Speaker 1: out of it. But my point being, they share the
8:48
Speaker 1: ideology at one point enough to be part of the party.
8:51
Speaker 1: So I think you can fairly count them. So we
8:53
Speaker 1: probably have at least 10 who are... openly socialist affiliated
8:58
Speaker 1: within the House. Now, granted, fortunately, that's a smaller percentage,
9:03
Speaker 1: but it does give them a lot of power within
9:06
Speaker 1: the caucus in that if they do, if the Democrats
9:09
Speaker 1: have a very thin majority and there is maybe a
9:12
Speaker 1: half dozen to a dozen members who can nuke any
9:14
Speaker 1: legislation as a block, you know, like a socialist block
9:19
Speaker 1: within the party, it does give them more power and
9:21
Speaker 1: that Democrats are going to have to make more concessions
9:23
Speaker 1: to them to get anything they want done.
9:25
Speaker 2: I see a silver lining here with the DSAs across
9:28
Speaker 2: the country, and we'll get into that here in just
9:30
Speaker 2: a minute. But here's a little bit more of Kiros.
9:33
Speaker 2: This was back in June before the election, and she's
9:37
Speaker 2: on a podcast with a couple of guys talking about
9:39
Speaker 2: her platform. If you want to know what she stands for,
9:43
Speaker 2: here she is.
9:43
Speaker 10: We're actually updating the website right now. I wrote all
9:47
Speaker 10: of our policy page a year ago now, but we're
9:50
Speaker 10: updating it this week.
9:51
Speaker 1: And some of the things.
9:53
Speaker 2: Matt, by the way, gay giddy guys, they make me smile.
9:56
Speaker 2: I don't know why, but this one guy, he looks
9:59
Speaker 2: like a... bobblehead in this. He never stops nodding his head.
10:02
Speaker 2: Now that I said that, you're going to be looking
10:05
Speaker 2: at that and not paying attention to the words, but
10:07
Speaker 2: listen to what she says as she keeps going.
10:08
Speaker 10: We're actually updating the website right now. I wrote all
10:11
Speaker 10: of our policy page a year ago now, but we're
10:14
Speaker 10: updating it this week and some of the things that
10:17
Speaker 10: we're adding in there is also a trans bill of rights.
10:20
Speaker 10: You know, I think we have to be so forceful
10:25
Speaker 10: and clear and aggressive in our protection and our advocacy
10:30
Speaker 10: for the trans community, especially for trans kids. You know,
10:34
Speaker 10: in Colorado, we are seeing a couple of ballot measures
10:36
Speaker 10: that are going to be coming up.
10:37
Speaker 2: So that's enough of that. You get the idea of
10:40
Speaker 2: what she stands for and the giddy gay guys were
10:43
Speaker 2: all happy about the trans initiatives that she has on
10:46
Speaker 2: her platform. And that's just one of the things that
10:49
Speaker 2: these DSA people are going for here in this country.
10:53
Speaker 2: And that's the thing that scares conservatives and people on
10:56
Speaker 2: the right. And I think, as I said, it's a
10:59
Speaker 2: good thing for a couple of reasons. And you brought
11:01
Speaker 2: it up that the Democrats are going to have problems
11:04
Speaker 2: with this. Let's assume for a minute that Hakeem Jeffries
11:07
Speaker 2: becomes the speaker after the November primary or the November
11:11
Speaker 2: midterm general election. That's what the betting odds are on
11:14
Speaker 2: Koushi and Polly Market. That's the way things are right now.
11:18
Speaker 2: There's time for that to change. And I want to
11:20
Speaker 2: talk about something that could change that, and that is
11:22
Speaker 2: the DSAs that we see. But the Democrats are going
11:26
Speaker 2: to have a problem if they have the House, because
11:28
Speaker 2: Hakeem Jeffries is going to have an issue with the 7, 8,
11:32
Speaker 2: 10 people that you mentioned in getting them to come
11:35
Speaker 2: along with the things that they want, and maybe similar
11:38
Speaker 2: to what we've watched with Mike Johnson and the Thomas Massys,
11:42
Speaker 2: those that hold up the Republican things and the Republican
11:46
Speaker 2: ideals and ideologies that Donald Trump wants to push through.
11:49
Speaker 2: You could see the same thing with the Democrats. What
11:51
Speaker 2: are your thoughts there, Matt?
11:53
Speaker 1: Yeah, I mean, I guess one move the Republicans could
11:57
Speaker 1: try to, I don't know, take advantage of the situation
12:01
Speaker 1: would be to vote for Jeffries in exchange for some very,
12:04
Speaker 1: very major concessions. But I don't think that would actually
12:07
Speaker 1: ever happen. There would be far too much blowback. They'd
12:10
Speaker 1: probably be primary. But that is, I guess, in theory,
12:12
Speaker 1: one way they could try to take advantage of it.
12:15
Speaker 1: The thing, too, is we don't, and a number of
12:17
Speaker 1: these DSA types have said that they would not back Jeffries,
12:23
Speaker 1: but I haven't heard any clarification on who their pick
12:26
Speaker 1: exactly is. And if they can't get anyone, what is
12:30
Speaker 1: the process? Is it just no speaker at all? Infinite gridlock?
12:34
Speaker 1: What exactly then becomes the process?
12:36
Speaker 2: No, that's what the Republicans did. If you remember with
12:38
Speaker 2: Kevin McCarthy, they did the same thing. And then Speaker
12:40
Speaker 2: Mike Johnson, he went through the same process. I think
12:43
Speaker 2: there were 16 votes for Kevin McCarthy back then. And
12:47
Speaker 2: that's what would happen with the Democrats, too. They would
12:50
Speaker 2: continue to vote until they find somebody. Here is a
12:53
Speaker 2: Democrat that was on Fox News, and he kind of
12:57
Speaker 2: talks about another part of this is that These people
13:00
Speaker 2: don't represent the real Democrats. And you brought this up
13:03
Speaker 2: last week on the program that even you think they
13:07
Speaker 2: are now.
13:08
Speaker 1: Well, they're getting elected by Democrats, but they don't represent Democrats.
13:13
Speaker 2: But if you look at the vote count, it's, you know, 55, 45.
13:17
Speaker 2: So that means 45 percent of the Democrats are not
13:20
Speaker 2: voting for them and they don't like them. Here is
13:23
Speaker 2: a Democrat from the House of Representatives.
13:25
Speaker 7: You know, there are certain things that I believe in
13:28
Speaker 7: that are not being reflected in the current environment, especially
13:32
Speaker 7: with some of these races on Tuesday. And as we
13:34
Speaker 7: said in our pledge, you know, we're for capitalism, not socialism.
13:37
Speaker 7: We're for safety, not lawlessness. We're proud of America, not
13:40
Speaker 7: ashamed of America. And we need to be promoting those things. And,
13:44
Speaker 7: you know, the far left and the far right, you know,
13:46
Speaker 7: they're all very well organized. But those of us that
13:49
Speaker 7: don't support those far left or far right principles need
13:52
Speaker 7: to do a better job organizing and getting our message out.
13:55
Speaker 1: The far right is not organized at all. Eight people
13:58
Speaker 1: on the Internet.
13:59
Speaker 2: That's right.
14:01
Speaker 1: The far right protests, like 90 percent of them are
14:03
Speaker 1: federal informants anyway. So the far right is the Southern
14:06
Speaker 1: Poverty Law Center's invention, quite literally. But anyway, back to
14:10
Speaker 1: his point, and I guess yours, if though, OK, hypothetically, though,
14:14
Speaker 1: in one of these DSA races where the DSA gets
14:17
Speaker 1: 55 percent, the Democrat, normal Democrat gets 45 percent. If
14:21
Speaker 1: that was a ranked choice election, were the Democrat person
14:25
Speaker 1: who voted for the traditional Democrat elected? had the option
14:29
Speaker 1: of voting for a Democratic Socialist as their second pick,
14:33
Speaker 1: they probably would get 90 plus percent of the vote. Like,
14:35
Speaker 1: I understand they're not putting the, you know, the people
14:37
Speaker 1: voting for the Democrat over the Democratic Socialist are not
14:40
Speaker 1: putting the Democratic Socialist first, but they're still voting for
14:43
Speaker 1: the DSA type against us any day of the week,
14:46
Speaker 1: you know?
14:47
Speaker 2: Yeah, no, I agree.
14:48
Speaker 1: And when- I understand Democrats are different in every state.
14:53
Speaker 1: You're going to get a different kind of average ideology
14:55
Speaker 1: within a party, and the city types in obviously New
14:58
Speaker 1: York or Portland or Seattle are going to be way
15:02
Speaker 1: crazier than, let's say, a West Virginia Democrat. You know,
15:06
Speaker 1: we have we're a two party system. So you're going
15:08
Speaker 1: to get a lot of different factions within a party.
15:11
Speaker 1: And when you're a big tent, you don't really get
15:13
Speaker 1: to say which factions are the true ones and which
15:16
Speaker 1: ones aren't because you're including all of them. I mean, MAGA,
15:19
Speaker 1: the Tea Party, Reagan people, the Bush people, they're all Republicans.
15:23
Speaker 1: And yes, we like different flavors more than the other,
15:26
Speaker 1: but they all still count as Republicans. So unless the
15:29
Speaker 1: Democrats are going to refuse to seat these people, I
15:32
Speaker 1: think they're part of their party.
15:34
Speaker 2: One thing I've been talking about for a while is
15:36
Speaker 2: these Republicans that are not voting in all of these
15:39
Speaker 2: elections since last November. The turnout has been terrible. And
15:43
Speaker 2: I was wondering, why is that? Why do you think
15:45
Speaker 2: that is? And I kind of came up with this,
15:48
Speaker 2: and I've been talking about it for a while. When
15:49
Speaker 2: I speak, I talk about it, that the Republicans' main driver,
15:53
Speaker 2: the thing that energizes them over the last three or
15:56
Speaker 2: four or five election cycles, was the border and abortions.
16:00
Speaker 2: And both of those things seemingly are fixed right now,
16:03
Speaker 2: depending on what happens in the future in 2028. Some
16:06
Speaker 2: of that may come back. However, what is going to
16:10
Speaker 2: energize the right to go vote? Because if they don't
16:13
Speaker 2: go vote, we're going to continue to see far left
16:16
Speaker 2: people be elected into these offices. And I think, you know,
16:21
Speaker 2: I came to the conclusion, if you look from 30,000 feet,
16:24
Speaker 2: you have to see that this nation is creeping into socialism.
16:27
Speaker 2: And maybe this is the thing that can energize Republicans
16:31
Speaker 2: to go vote to defend This country, this republic, as
16:34
Speaker 2: we're here on this 4th of July, maybe that is
16:37
Speaker 2: what will work to get the Republicans to go out
16:40
Speaker 2: and vote here in this midterm.
16:42
Speaker 1: That, and I've been saying, and I know it's perhaps
16:45
Speaker 1: slightly controversial, but if mail-in ballot voting is going to exist,
16:50
Speaker 1: you might as well register for it. And my logic being... Listen,
16:55
Speaker 1: I'm pretty much– well, I like to think I'm in
16:57
Speaker 1: tune with politics, hence why we do this show. I
17:00
Speaker 1: registered to mail-in vote during COVID when I think a
17:03
Speaker 1: lot of people did. And I will say there are
17:06
Speaker 1: a lot of off-season elections or local elections that I
17:10
Speaker 1: would have totally missed, just would not have known happened.
17:14
Speaker 1: And let's say you don't trust mail-in voting. Get the
17:18
Speaker 1: ballot in the mail and go, oh, I didn't realize
17:20
Speaker 1: this election was happening. then go in in person and
17:23
Speaker 1: do it. And you can vote in person if you
17:25
Speaker 1: get the ballot. There's a process. But point being, it's
17:28
Speaker 1: a big reminder, even if you're not actually going to
17:30
Speaker 1: vote through person. And if we're always saying the Democrats
17:33
Speaker 1: are only winning because these mail-in ballots, well, we can
17:36
Speaker 1: get them too. So we can match that. I will say, though,
17:40
Speaker 1: with why the turnout has dropped off, I mean, it
17:43
Speaker 1: is natural that in non-presidential elections you do see that effect.
17:47
Speaker 1: But it is also the case that a lot of
17:49
Speaker 1: Trump's coalition was specific to Trump, not the Republican Party.
17:53
Speaker 1: When there was all this talk of Trump maybe getting
17:55
Speaker 1: a quarter or a fifth of black male voters, a
17:58
Speaker 1: majority of the Hispanic male vote. And then even like
18:02
Speaker 1: in Dearborn, I think Trump got the plurality vote because
18:06
Speaker 1: people were upset with Biden over Palestine. I think Jill
18:09
Speaker 1: Biden split the vote there. Jill Stein split the vote there.
18:12
Speaker 1: But he still technically won the Muslim capital of the country.
18:15
Speaker 1: And there was all these, you know, changing out of
18:20
Speaker 1: the coalition with the GOP had appeared to change. But
18:24
Speaker 1: it seems like it was because they really liked Donald Trump.
18:28
Speaker 1: So it didn't carry over to Trump. Anyone with an
18:32
Speaker 1: R next to their name, unfortunately. But I do think
18:34
Speaker 1: we need more Trump involvement in the upcoming midterms. The
18:38
Speaker 1: RNC has a $ 100 million cash advantage on the Democrats
18:42
Speaker 1: right now. Actually, I think it's more, but the Democrats
18:44
Speaker 1: have negative $ 3 million in their bank account. So as
18:47
Speaker 1: I said last week, kind of a metaphor for their
18:49
Speaker 1: style of governance. But the GOP has all the momentum.
18:53
Speaker 1: They should have momentum on their side. They have the
18:55
Speaker 1: money on their side. So it's really just do something.
18:58
Speaker 2: Kamala Harris spent over a billion dollars to lose. Yeah.
19:02
Speaker 2: And they're in the wrong direction there for the Democrats.
19:05
Speaker 2: They don't have much money. The Republicans have a lot.
19:08
Speaker 2: And the Supreme Court, by the way, we're going to
19:10
Speaker 2: get into some Supreme Court news that came out this week.
19:12
Speaker 2: The Supreme Court, they reversed the precedent that had been
19:16
Speaker 2: set and will really help the Republicans in the decision
19:19
Speaker 2: that they made this week. When it comes to socialists,
19:23
Speaker 2: you know, you have a heat wave right now. I
19:24
Speaker 2: don't know. What's the temperature in New Jersey over the four? Yeah.
19:30
Speaker 2: How hot is it? What is it?
19:32
Speaker 1: Yeah, I know.
19:34
Speaker 2: I see people complaining about it. People are going to
19:36
Speaker 2: America 250 in Washington, D.C. They changed the times there
19:41
Speaker 2: for this weekend because of the heat, and they don't
19:43
Speaker 2: want people standing out in the heat for hours and hours.
19:47
Speaker 2: And it's a really bad heat wave. They have it
19:49
Speaker 2: going on in Europe as well. 1,300 people have died
19:52
Speaker 2: to the heat wave. You know, I'm in Florida where
19:55
Speaker 2: it's 105, 110 heat index, and it has been for
19:57
Speaker 2: two or three months. And how hot are you in
19:59
Speaker 2: New Jersey?
20:00
Speaker 4: 95.
20:01
Speaker 2: 95. That's pretty hot for you guys. Well, let's see
20:05
Speaker 2: what the Democrat socialists have to say about the heat.
20:07
Speaker 2: Let's go to Mayor Mamdani in New York.
20:10
Speaker 1: And to every business owner, please set your thermostats to
20:13
Speaker 1: 78 degrees to alleviate the stress on our power grid.
20:17
Speaker 2: What do you think? Do you think his temperature at
20:19
Speaker 2: his house is 78 degrees or?
20:21
Speaker 10: No.
20:22
Speaker 2: Doubt it.
20:22
Speaker 9: No.
20:23
Speaker 1: They were on a. on that one CNN show where
20:27
Speaker 1: Scott Jennings always owns everyone. He wasn't on that night,
20:30
Speaker 1: but they were, the Democrats were like defending mom, Dami
20:33
Speaker 1: saying this. And then though this one Republican guy on
20:35
Speaker 1: the panel was like, uh, guys, it's, it's clearly not
20:39
Speaker 1: 78 degrees in the studio right now. We're in a scene.
20:44
Speaker 1: We're saying this guy's right to have it 10 degrees
20:46
Speaker 1: higher than we have it. It made no sense. Um, listen,
20:49
Speaker 1: I understand that, um, You know, there is an argument
20:51
Speaker 1: to be made about putting stress on the power grid,
20:54
Speaker 1: but you could also just parlay that into an anti-Democrat
20:57
Speaker 1: talking point since it is their responsibility. More truth in
21:00
Speaker 1: minutes on America Out Loud Talk Radio.
21:03
Speaker 2: All of us were told from a very early age,
21:06
Speaker 2: you are what you eat. And if that's the case...
21:09
Speaker 2: Don't you want the best for you and your family?
21:11
Speaker 2: Let me tell you where you can go do that.
21:13
Speaker 2: You can go to beefinitiative.com. That's beefinitiative.com, where they will
21:19
Speaker 2: connect you with a rancher somewhere in your state. And
21:22
Speaker 2: it's more than just making sure you're eating the right
21:24
Speaker 2: things and your family is. It's about America. Let's be honest.
21:29
Speaker 1: It is.
21:30
Speaker 2: America's farmers and ranchers are the backbone of this great nation.
21:34
Speaker 2: And now more than ever, Supporting local agriculture matters. The
21:39
Speaker 2: American Beef Initiative USA is dedicated to strengthening food independence,
21:44
Speaker 2: protecting generational farming families, and reconnecting communities with trusted local
21:49
Speaker 2: food sources and food security. This isn't just about beef.
21:54
Speaker 2: It's about protecting independence. Go to beefinitiative.com. That's beefinitiative.com. Let's
22:15
Speaker 2: go to Joe Biden real quick. Did you happen to
22:17
Speaker 2: catch the speech that he gave? I think it was
22:20
Speaker 2: last weekend. I've got a little bit of it.
22:22
Speaker 1: I think I've seen a clip or two. It was
22:23
Speaker 1: not great.
22:24
Speaker 2: No, it wasn't, but here's a clip. And we'll talk
22:27
Speaker 2: about it after this clip. Okay, what did he say?
22:32
Speaker 2: Do you have any idea?
22:35
Speaker 1: Something United States, fair and simple, it's time.
22:37
Speaker 2: Well, let's try it again.
22:39
Speaker 1: I should use nice, straightforward, and simple.
22:41
Speaker 2: I still don't have any idea what he's saying.
22:44
Speaker 1: Something and simple.
22:45
Speaker 2: Yeah. Those betting markets, Polymarket and Kalshi. I know you
22:50
Speaker 2: enjoy that. That's a hobby of yours, isn't it?
22:52
Speaker 1: Well, I enjoy just tracking the numbers. I would say that,
22:57
Speaker 1: and I think I've said this before, that for as
22:59
Speaker 1: much as we cite these platforms like Kalshi and Polymarket,
23:02
Speaker 1: I would very much discourage the average person from betting
23:06
Speaker 1: on these platforms. They are basically designed where you are
23:10
Speaker 1: going to lose money in the long run. So I
23:12
Speaker 1: would just I use them to farm information. They get
23:15
Speaker 1: ideas about just trends and where the as the kids
23:18
Speaker 1: would say the vibes are at, perhaps in a certain area.
23:22
Speaker 1: But I think they have a lot of predictive power
23:24
Speaker 1: in that if you compare them to traditional polls, you know,
23:27
Speaker 1: if a poll on Election Day has a guy as
23:29
Speaker 1: an 80 percent favorite, He probably will win eight out
23:32
Speaker 1: of nine times. And I've seen studies that compare these
23:36
Speaker 1: to traditional polls, and they do tend to predict the
23:38
Speaker 1: outcome better than a poll can. I mean, no one
23:41
Speaker 1: can really predict anything, but they do the best job
23:44
Speaker 1: that we have. So I think there's a lot of
23:47
Speaker 1: predictive power there. But one of the obvious flaws, and
23:51
Speaker 1: I think this is where you're going with this, is
23:53
Speaker 1: insider trading is this kind of gray area when it
23:57
Speaker 1: comes to prediction markets and that, you know, with stocks
23:59
Speaker 1: and bonds, it's a federal offense. You're going to jail
24:02
Speaker 1: with prediction markets. It's not the regulations I don't think
24:05
Speaker 1: have fully caught up with the reality of the possibility
24:09
Speaker 1: of insider trading. And you can move the odds in
24:11
Speaker 1: a market like crazy by placing a large bet with
24:14
Speaker 1: inside information, which can distort the odds a bit. But
24:18
Speaker 1: I guess on the other side of things, maybe you're
24:21
Speaker 1: getting more accurate information because of the insider trading, but
24:24
Speaker 1: it obviously makes it a fair playing field for betting
24:26
Speaker 1: on the platform still.
24:28
Speaker 2: But isn't it a problem when someone in government that
24:31
Speaker 2: can make the decisions on, say, dropping a bomb in
24:34
Speaker 2: Iran is betting on these things? And it's already happened.
24:38
Speaker 2: I think it's happened more than once, but there has
24:40
Speaker 2: already been an indictment of U.S. Army Special Forces Sergeant Gannon,
24:46
Speaker 2: Ken Van Dyke, he allegedly used classified information to bet
24:51
Speaker 2: on the Maduro raid when they went and got him.
24:53
Speaker 2: He was in the planning of that and he bet $ 35, 000.
24:58
Speaker 2: He made $ 400, 000. And I think that's the problem. And
25:02
Speaker 2: that's the problem with these things, especially with people in government.
25:05
Speaker 2: 60 Minutes had a really good piece the other night.
25:08
Speaker 2: I don't typically watch 60 Minutes, but I happen to
25:11
Speaker 2: be flipping through and They came to this story, and
25:15
Speaker 2: this is a story that they've been running repeatedly and
25:18
Speaker 2: adding to it as they go. Let's go back to
25:21
Speaker 2: March and see what the predictive markets did.
25:24
Speaker 3: Well, this is a classic graph that any commodities trader
25:28
Speaker 3: will understand.
25:29
Speaker 8: Covell walked us through the morning of March 23rd. Fighting
25:34
Speaker 8: had been raging for three-plus weeks, and it was a
25:37
Speaker 8: slow trading day in oil futures.
25:39
Speaker 1: If you see the chart, you'll see that no one
25:41
Speaker 1: is trading during that time period. Why would you trade
25:43
Speaker 1: at that time?
25:44
Speaker 2: It doesn't make a lot of sense unless you have
25:46
Speaker 2: a real reason.
25:47
Speaker 8: Then, according to data the financial firm LSEG provided us,
25:51
Speaker 8: suddenly at 6.50 a.m., more than $ 800 million was staked
25:55
Speaker 8: on the chance of oil prices dropping. Fifteen minutes later,
25:59
Speaker 8: President Trump posted on True Social that the White House
26:02
Speaker 8: and Iran had, quote, very good and productive conversations about
26:07
Speaker 8: ending hostilities. The news sent the price of oil plummeting
26:11
Speaker 8: more than 10%.
26:12
Speaker 1: What kind of profit is that resulting in? We're talking
26:15
Speaker 1: tens of millions, could be $ 80 million.
26:17
Speaker 8: You see this graph and you think insider trading.
26:20
Speaker 1: That's a natural conclusion to draw. I can't know it
26:24
Speaker 1: without knowing what happened, but it's a natural conclusion to draw.
26:27
Speaker 2: So 15 minutes before that action took place in a war,
26:31
Speaker 2: you had somebody betting on it and They make a
26:34
Speaker 2: lot of money, $ 80 million, maybe more. That's a problem,
26:37
Speaker 2: and it's a problem with national security. What can our
26:41
Speaker 2: foreign adversaries get from this information? Can they use it
26:45
Speaker 2: in some way?
26:46
Speaker 1: Well, yeah, I mean, and this is off the top
26:48
Speaker 1: of my head. If there was a betting line on,
26:50
Speaker 1: you know, are we going to drone strike a foreign leader,
26:53
Speaker 1: and it goes from 1% odds to 90% odds in
26:55
Speaker 1: a second, I would say, If that's interpreted as an
27:00
Speaker 1: insider trade, yeah, that could have implications. Another problem, too,
27:04
Speaker 1: is that no one is leaking this information to me.
27:06
Speaker 1: I wouldn't mind it.
27:07
Speaker 2: That's not fair. Not fair. You're calling not fair.
27:10
Speaker 5: Not fair at all.
27:11
Speaker 1: I'm also interested, too, because I know on Palo Verde Market,
27:14
Speaker 1: I believe you can deposit money through crypto, and I
27:19
Speaker 1: don't think you have to provide your real information. Yeah.
27:24
Speaker 1: I don't know if this guy insider traded with his
27:26
Speaker 1: real name and everything, and that's how he got caught.
27:29
Speaker 1: Because in theory, you should be able to place bets
27:32
Speaker 1: anonymously through crypto and evade detection. But I might just
27:36
Speaker 1: not fully understand the system. No, you're right, but he
27:39
Speaker 1: messed up. You're right, but he messed up. I read
27:44
Speaker 1: the story on how he got caught. But that brings
27:46
Speaker 1: me to another question.
27:48
Speaker 10: If.
27:49
Speaker 2: Anybody can do it anonymously. What is keeping the IRGC
27:53
Speaker 2: or the mullahs from betting and making millions of dollars
27:57
Speaker 2: when they shoot a missile at a cargo ship or
28:00
Speaker 2: our military in Kuwait? What's stopping them from doing that?
28:04
Speaker 1: Nothing unless the platform is just doing an IP ban
28:07
Speaker 1: on the country or something. But yeah, really nothing. And
28:10
Speaker 1: I'm sure they'd be able to get around that anyway.
28:12
Speaker 1: So probably nothing.
28:13
Speaker 2: I've got one more clip here from 60 Minutes. Let's
28:16
Speaker 2: take a look at this and we'll talk about it.
28:17
Speaker 11: This might be the most insane pattern we have found
28:21
Speaker 11: on Polymarket so far.
28:23
Speaker 8: Based in Paris, Nicolas Weiman's small data analytics firm Bubble
28:27
Speaker 8: Maps creates visualizations of bets on Polymarket to spot bubbles,
28:32
Speaker 8: or clusters, of suspect traders. One paradox of Polymarket, everything
28:37
Speaker 8: about the trades is totally transparent and public, except the
28:41
Speaker 8: traders themselves remain anonymous.
28:44
Speaker 1: This big cluster in the middle, no one talked about it.
28:47
Speaker 8: The firm's head of investigations goes by his online handle, Deebs.
28:52
Speaker 8: He asked us to obscure his identity over fears of
28:55
Speaker 8: retaliation for his detective work. They shared for the first
28:59
Speaker 8: time what they believe is a more egregious insider trading
29:02
Speaker 8: case than Gannon Ken Van Dyke's.
29:04
Speaker 11: We spotted nine Polymarket accounts, all connected, who made collectively $ 2. 4 million,
29:13
Speaker 11: betting almost exclusively on on U.S.
29:15
Speaker 2: Military operations.
29:16
Speaker 11: Van Dyck made $ 400, 000, here $ 2. 4 million.
29:20
Speaker 2: And they're not sharing the information with us and you,
29:23
Speaker 2: and we can't make any money on it. That's a
29:25
Speaker 2: lot of money. Somebody else is inside the government, I
29:28
Speaker 2: would assume, that are making bets on polymarket, and they're
29:31
Speaker 2: behind whatever's happening in the Middle East and Iran. You
29:35
Speaker 2: have to come to that conclusion. They have.
29:38
Speaker 1: Yeah, I would just hope that... maybe a betting line
29:42
Speaker 1: will open up something on ending the war where they
29:45
Speaker 1: can make a ton of money by insider trading on that.
29:48
Speaker 1: That would be good for everyone. But no, the implications
29:51
Speaker 1: or the incentive structure is horrible in that if there's
29:55
Speaker 1: a low probability we're going to take some military action
29:58
Speaker 1: against some person or a group and, um, that, you know,
30:03
Speaker 1: justifies a strike on them or something like, and that
30:06
Speaker 1: wouldn't have otherwise happened without the market incentive, you know, the, uh,
30:09
Speaker 1: betting market being there to incentivize it. Yeah, that is
30:11
Speaker 1: a problem. Um, and I, you know, I don't know
30:13
Speaker 1: the solution other than maybe, um, I don't restrict based
30:19
Speaker 1: on certain categories of bets. You know, listen, the whole
30:23
Speaker 1: phenomenon where you can bet on literally everything, including, you know,
30:26
Speaker 1: if it's going to rain later, is a relatively new phenomenon.
30:30
Speaker 1: I don't think it's the end of the world if
30:32
Speaker 1: we have to go without it once again, just as
30:33
Speaker 1: we did for the past million years before we had it.
30:36
Speaker 3: Yeah.
30:38
Speaker 2: The White House put out a memo to everybody that
30:41
Speaker 2: works in the White House to not bet on either
30:43
Speaker 2: one of the predictive markets, and I think that's a
30:46
Speaker 2: good thing. At least they are covering their rear ends
30:48
Speaker 2: there with that. Let's go to the Supreme Court, because
30:51
Speaker 2: the big decisions that everybody was waiting on, they came
30:54
Speaker 2: out this week. You had birthright citizenship, trans athletes, mail-in ballots,
30:59
Speaker 2: also a Fourth Amendment decision about search, you know, when
31:03
Speaker 2: you sweep with geofencing telephones in an area that they
31:09
Speaker 2: can't do that. But let's start things with birthright citizenship.
31:12
Speaker 1: It went the way we both were expecting it to go, basically.
31:17
Speaker 1: There is actually a quote I had found. I don't
31:19
Speaker 1: know how I missed this beforehand, that the author of
31:23
Speaker 1: the Citizenship Clause, the Fourth Amendment, Senator Jacob Howard of
31:26
Speaker 1: Michigan had said on the Senate floor, and I'm quoting,
31:30
Speaker 1: this will not, of course, include persons born in the
31:33
Speaker 1: United States who are foreigners, aliens, or who belong to
31:37
Speaker 1: the families of ambassadors or foreign ministers. I know the
31:42
Speaker 1: part of that quote where birthrighted citizenship doesn't apply to
31:48
Speaker 1: ambassadors is actually in effect. So if an ambassador comes here,
31:53
Speaker 1: has a kid, The kid is not a citizen. And
31:57
Speaker 1: it does seem weird to me that the intent of
31:59
Speaker 1: the founders would be, yeah, so if you're a foreign diplomat,
32:02
Speaker 1: your kid doesn't become a citizen, but if you're just
32:05
Speaker 1: a random person who hopped the border, you would become one. Now,
32:08
Speaker 1: I haven't read the full decision. I've just seen some
32:11
Speaker 1: good highlights from Clarence Thomas' dissent. But I am disappointed
32:16
Speaker 1: in it. I don't think it's this apocalyptic thing, like
32:20
Speaker 1: some commentators are saying, only by virtue of the fact
32:23
Speaker 1: that we've had this in effect for 130 years.
32:26
Speaker 2: It's been since 1898. Yeah.
32:28
Speaker 9: Yeah.
32:29
Speaker 1: So, you know, it would be, you know, fortunately, this is,
32:31
Speaker 1: I think, less than one percent of births, which is,
32:34
Speaker 1: you know, obviously it could be a very much bigger problem.
32:37
Speaker 1: But I think, you know, any problem, no matter how size,
32:40
Speaker 1: no matter what size should be taken care of.
32:42
Speaker 2: Brett Kavanaugh in his writing in the decision, he says
32:46
Speaker 2: that Congress should make a law. And I agree with that.
32:49
Speaker 2: I think there needs to be a law. The intent
32:51
Speaker 2: of Donald Trump wasn't necessarily Hispanics. It was more the
32:55
Speaker 2: Chinese and what they have been doing really since 2011, 2012.
32:57
Speaker 2: They have birth tourism where somewhere between 750 and 1.5
33:00
Speaker 2: million Chinese babies have been born here. The people in
33:02
Speaker 2: China pay 20 to $ 100, 000 to come here and have
33:03
Speaker 2: a child. they then have dual citizenship. And Matt, I
33:15
Speaker 2: don't know if you've ever considered this, but you could
33:17
Speaker 2: end up with a president of the United States who
33:19
Speaker 2: is also the president of the CCP in about 30
33:22
Speaker 2: years because of this birth tourism. And that's what Donald
33:25
Speaker 2: Trump was going after. And I would think that you
33:29
Speaker 2: could probably find enough Democrat senators to create a bipartisan
33:33
Speaker 2: bill that could be passed to make that go away,
33:37
Speaker 2: make the birth tourism go away, because I think that
33:39
Speaker 2: was really the intent of what Donald Trump was trying
33:41
Speaker 2: to accomplish here.
33:43
Speaker 1: Unfortunately, I think they would be against it on the
33:45
Speaker 1: basis that if you look at how Asians are voting,
33:48
Speaker 1: it's 60 or 70 plus percent Democrats. So it would
33:51
Speaker 1: end up hurting them. I mean, Biden, for instance, opened
33:54
Speaker 1: up the border to pretty much the entire world. But
33:59
Speaker 1: Joe Biden also ended the policy in Cuba where anyone
34:04
Speaker 1: who came to America, we would immediately take them in
34:08
Speaker 1: and give them asylum and all that. I think it
34:10
Speaker 1: was Biden who ended that policy. And it's like, well,
34:12
Speaker 1: why would he open up the border to everyone and
34:15
Speaker 1: then close it just to Cuba? Could it be because
34:19
Speaker 1: we know Cubans on average vote Republican and he was
34:21
Speaker 1: afraid that someone fleeing communism would then down the road
34:24
Speaker 1: support the right or their kids will support the right?
34:27
Speaker 1: I think that is possible. So unfortunately, I think most
34:30
Speaker 1: Democrats would be against it for that reason. Or, you know,
34:33
Speaker 1: some might be for it to look reasonable, but a
34:36
Speaker 1: large enough percent of the caucus will be against it
34:38
Speaker 1: to sink it anyway. So they can kind of play
34:40
Speaker 1: both sides of that with Chinese people in particular. If
34:44
Speaker 1: you chart out the average number of births, so the
34:49
Speaker 1: number of births we're having per race per year during
34:52
Speaker 1: COVID in 2020, it takes a dip. every group, white, black, Hispanic,
34:57
Speaker 1: et cetera. If you isolate Chinese people specifically, it falls
35:03
Speaker 1: off like a cliff and never fully recovers. So it
35:06
Speaker 1: was the largest decline by ethnicity was among Chinese people.
35:10
Speaker 1: And why was that? Well, because they couldn't fly to America.
35:13
Speaker 1: So it just goes to show what an overwhelming percentage
35:18
Speaker 1: of them were in this birth tourism category.
35:21
Speaker 11: Yeah.
35:22
Speaker 2: Male in ballots, that... That did not happen the way
35:26
Speaker 2: that the Donald Trump administration would want to. It was
35:28
Speaker 2: a five-to-four decision, and basically it's saying that ballots can
35:33
Speaker 2: come in after Election Day. What the administration was wanting
35:36
Speaker 2: is Election Day is Election Day, and the Supreme Court
35:40
Speaker 2: didn't decide that. They said no ballots can come in
35:43
Speaker 2: after Election Day. That was kind of... That was a
35:46
Speaker 2: tough defeat, I believe, in election integrity.
35:49
Speaker 1: I mean, is the logic here supposed to be, well,
35:53
Speaker 1: suppose you mail your ballot the day before Election Day
35:56
Speaker 1: and it takes two days to get there, it should
35:57
Speaker 1: count then? Because, I mean, as is, this does create
36:01
Speaker 1: a loophole where if you can vote the day after
36:05
Speaker 1: Election Day and there's no way to prove when you
36:09
Speaker 1: sent it, that obviously creates a huge problem because you
36:11
Speaker 1: could vote after seeing how close a race is or
36:15
Speaker 1: something like that.
36:15
Speaker 2: Are you keeping up with what's going on with Gavin
36:18
Speaker 2: Newsom and the FBI and wearing a wire? And this
36:23
Speaker 2: all started back in 2024. You're not keeping up with that?
36:26
Speaker 2: It's really interesting. And I think there are going to
36:29
Speaker 2: be some things come out of that. You know that
36:31
Speaker 2: his chief of staff has already pled guilty to some things.
36:34
Speaker 2: But evidently, the FBI had one of his confidants and
36:37
Speaker 2: someone inside his circle that was wearing a wire. And
36:42
Speaker 2: the people in California in politics, lobbyists and everyone else,
36:45
Speaker 2: they're going nuts there. Before we leave the Supreme Court, though,
36:49
Speaker 2: I want to talk about what I think was maybe
36:51
Speaker 2: the most important decision last week. And that was the
36:55
Speaker 2: trans athletes. No boys and girls sports. And on the
36:59
Speaker 2: surface of it, yeah, that's important. But beneath that, you
37:02
Speaker 2: still see that This court, the Supreme Court of the
37:06
Speaker 2: United States, is still looking at the Tenth Amendment and
37:09
Speaker 2: recognizing that states make laws in their states, and they
37:14
Speaker 2: upheld that. And there are 27 states in America that
37:17
Speaker 2: have laws against boys' and girls' sports, and the Supreme
37:20
Speaker 2: Court said, absolutely, you can do that, and this is
37:22
Speaker 2: under Title IX.
37:24
Speaker 1: Yeah, I think it's obviously a great rule, and the
37:27
Speaker 1: left is infuriated about part of Clarence Thomas' ruling write
37:34
Speaker 1: up where he said something like, you know, even if
37:36
Speaker 1: you think you're a girl, you're not really a girl.
37:39
Speaker 1: And that obvious, uh, line of truth has been sending
37:42
Speaker 1: them crazy, at least over on social media. So, um,
37:45
Speaker 1: you know, it's disappointing. It wasn't a nine to zero decision.
37:48
Speaker 1: The fact that we have even three Supreme court justices
37:51
Speaker 1: that cannot acknowledge reality on this is, um, uh, you know,
37:55
Speaker 1: I would just say quite sad for the nation. I mean,
37:57
Speaker 1: obviously we know with Katonji Brown Jackson, she can't even
38:00
Speaker 1: tell you what a woman is. I guess it's the
38:01
Speaker 1: same for, So did Mayor and Kagan.
38:04
Speaker 2: Are you keeping up with Louisiana Attorney General who was indicted?
38:08
Speaker 2: Did you see this? Indicted 16 counts. I guess she
38:12
Speaker 2: wrote eight letters. Attorney General Liz Murrell, she is on
38:17
Speaker 2: a mission to find fraud in Louisiana. And back months ago,
38:22
Speaker 2: she sent eight letters to people in government in Orleans Parish.
38:26
Speaker 2: And it is those letters that have gotten her 16 counts.
38:31
Speaker 2: And what this is about is malfeasance and also intimidation
38:36
Speaker 2: is what a grand jury did. The grand jury was
38:39
Speaker 2: led by a former judge that is now being the
38:43
Speaker 2: special prosecutor in this case. And her name is Lori White.
38:47
Speaker 2: Here is a clip of her.
38:48
Speaker 10: In the court system, should this be a criminal matter?
38:52
Speaker 3: The grand jury has returned an indictment. It is now
38:54
Speaker 3: a criminal matter.
38:55
Speaker 1: How did the grand jury decide to investigate this?
38:59
Speaker 7: On their own.
39:01
Speaker 9: Which they have by authority to do.
39:03
Speaker 1: Was it because of Mayor Moreno's post on Instagram?
39:07
Speaker 3: I can't answer that.
39:08
Speaker 12: What do you say to the governor calling this a
39:10
Speaker 12: kangaroo court that he plans to pardon the AG no
39:12
Speaker 12: matter what?
39:13
Speaker 2: Now, Governor Landry says if she were convicted, he would pardon. Now,
39:18
Speaker 2: the attorney general on Friday morning, Matt, she asked for
39:22
Speaker 2: a stay and she was granted that. And she is
39:25
Speaker 2: going to go after these people. It's really dirty. Let's
39:28
Speaker 2: go to the attorney for a General Liz Murrell and
39:31
Speaker 2: what she said about the grand jury just outside the
39:34
Speaker 2: grand jury room.
39:35
Speaker 3: We're not allowed in the courtroom. The courtroom was locked.
39:38
Speaker 12: We had expected to request to move for a stay
39:42
Speaker 12: of these proceedings. There are some serious issues that are
39:45
Speaker 12: going on with this particular indictment aside from the fact
39:48
Speaker 12: of how embarrassing this is for the city of New Orleans.
39:52
Speaker 12: It is also a complete misuse of the criminal justice
39:55
Speaker 12: system for various reasons. We attempted to go back into
39:58
Speaker 12: the courtroom after the bond was issued, and we were
40:02
Speaker 12: told by Judge Roche we were not allowed in, that
40:04
Speaker 12: we could see ourselves.
40:05
Speaker 3: Out of the courtroom.
40:06
Speaker 12: So we are expecting to file emergency proceedings in this matter.
40:12
Speaker 12: There are several concerning matters that hopefully you all will
40:15
Speaker 12: begin to look into.
40:17
Speaker 2: This is fishy down in Louisiana, in New Orleans. And
40:20
Speaker 2: if you don't know, Louisiana has an incredible history of
40:24
Speaker 2: being fishy and have a lot of fraud in their politics.
40:28
Speaker 2: This is some really dirty politics somewhere, some way. And
40:32
Speaker 2: it's going to be interesting to watch this.
40:34
Speaker 4: I don't know about you, but the one thing the
40:35
Speaker 4: last five or so years has taught me is that
40:37
Speaker 4: there's a lot, and I mean a lot, of companies
40:40
Speaker 4: and services out there that don't share the foundational values
40:43
Speaker 4: of this country and we the people. And I've spoken
40:45
Speaker 4: to a lot of you about it who share the
40:47
Speaker 4: same concerns, and you wonder where to shop, where to
40:50
Speaker 4: spend your hard-earned money without feeling gross about it. It
40:53
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40:55
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40:57
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41:00
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41:03
Speaker 4: of vetted, freedom-loving, pro-America companies who actually share your values.
41:08
Speaker 1: So now the ball's in your court.
41:09
Speaker 4: Keep spending money with companies that frustrate you and then
41:12
Speaker 4: use the proceeds to fund initiatives that are in direct
41:14
Speaker 4: competition with your values or be a part of something better.
41:18
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41:20
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41:22
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41:45
Speaker 2: There is no law against the auto pen. Still, 18
41:48
Speaker 2: months into Donald Trump's presidency, we've had all of these
41:51
Speaker 2: investigations in the House of Representatives. And still, there is
41:55
Speaker 2: no law protocol for the auto pen, which means it
41:58
Speaker 2: could be done again. Anybody could come in there and
42:01
Speaker 2: sign it. And Matt, that's a disappointing thing for me.
42:03
Speaker 2: I would love to see, you know, the Republicans in
42:07
Speaker 2: the House and the Senate pass a law. And I think, again,
42:10
Speaker 2: maybe I'm wrong. I think that some Democrats would come
42:13
Speaker 2: along with that because they wouldn't want someone in the
42:15
Speaker 2: Trump administration grabbing the auto pen and going crazy, would they?
42:20
Speaker 2: And so I don't know. I'm disappointed in that.
42:22
Speaker 1: Yeah, no, I am as well. And, you know, the
42:24
Speaker 1: problem isn't necessarily the auto pen itself and that Trump
42:27
Speaker 1: has used auto pen. Obama used auto pen. Bush used
42:30
Speaker 1: auto pen. The problem with Biden was I don't think
42:33
Speaker 1: he was really the president. It was everyone. It was,
42:37
Speaker 1: you know, collective leadership of left wing crazies that surrounded him.
42:42
Speaker 1: And they were the ones who were signing the auto
42:44
Speaker 1: pen in his name. There were we know for a
42:46
Speaker 1: fact that a lot of the crazy pardons that Biden
42:50
Speaker 1: signed off on on the end and his last days
42:53
Speaker 1: in office, like, you know, murderers, people just who committed
42:58
Speaker 1: all sorts of horrible crimes. He didn't even himself seem
43:02
Speaker 1: to be aware of who he pardoned. It seemed like
43:05
Speaker 1: he was just given a list to sign or that
43:08
Speaker 1: his people signed it for him. But just a lot
43:11
Speaker 1: of weird, crazy stuff where, you know, I understand in politics,
43:15
Speaker 1: people often don't believe much of anything. But if you
43:17
Speaker 1: compare the kind of hyper progressive agenda Biden pushed versus Biden,
43:25
Speaker 1: you know, the kind of speeches he would give back
43:27
Speaker 1: in the 90s or even certain that some of the
43:29
Speaker 1: things he would say during the Obama era. Obviously, he
43:33
Speaker 1: was still left wing overall, but it was just a much,
43:37
Speaker 1: you know, a shade of progressivism that was further to
43:40
Speaker 1: the left than he had ever been. And I think,
43:42
Speaker 1: you know, you could credibly argue that it was because
43:44
Speaker 1: of the people entirely because of the people around him.
43:46
Speaker 2: No, I agree with that, Matt. And let's change the
43:49
Speaker 2: subject here for just a minute. We talked about the
43:51
Speaker 2: midterm election coming up. And to me, the most important
43:55
Speaker 2: thing that Congress should be doing right now are 12
43:59
Speaker 2: appropriations that must be passed by September 30th, because if not,
44:03
Speaker 2: we're going to have a government shutdown. And that's going
44:06
Speaker 2: to take a reconciliation. Typically, reconciliations are done about once
44:10
Speaker 2: a year. They've never been done twice in a year.
44:13
Speaker 2: in American history. We've already had one this year to
44:16
Speaker 2: fund ICE, and Donald Trump and the Republicans are trying
44:19
Speaker 2: to do one now for $ 380 billion to fund the
44:23
Speaker 2: Iranian war, which would be two, and then we have
44:27
Speaker 2: to have an omnibus and one reconciliation to pass all
44:33
Speaker 2: 12 appropriations. Here's what I think, and I would love
44:36
Speaker 2: to get your thoughts on this. I think if the
44:38
Speaker 2: Republicans do not do that by September 30th, then you're
44:41
Speaker 2: going to have a government shutdown going all the way
44:44
Speaker 2: through the midterm election on November 5th. And it's really
44:48
Speaker 2: going to be devastating to the Republicans, especially those 25
44:51
Speaker 2: races that determine the outcome of the House of Representatives
44:55
Speaker 2: right there in the center, decided by less than 5%.
44:58
Speaker 2: I think that that would be terrible. But I don't
45:01
Speaker 2: hear anything about the Republicans actually working on this. And
45:05
Speaker 2: it doesn't seem to be forefront in Donald Trump's mind either.
45:08
Speaker 2: What are your thoughts there?
45:09
Speaker 1: It seems like a lose-lose in that we don't want
45:11
Speaker 1: the shutdown. We saw what a disaster that was in
45:14
Speaker 1: the 2024, not midterm, but off-season elections. But also, I
45:21
Speaker 1: don't think $ 300 billion for Iran is going to go
45:23
Speaker 1: over too well either. I don't think you can find
45:26
Speaker 1: a single voter who's going to rally behind that. So, no,
45:29
Speaker 1: it's not great either way.
45:30
Speaker 2: Well, you can put the $ 380 billion in the reconciliation
45:34
Speaker 2: that would include 12 appropriations and get that passed before
45:38
Speaker 2: September 30th. The government shutdown has really derailed President Trump's
45:43
Speaker 2: presidency here this time. When you go back to last
45:45
Speaker 2: fall and they shut down the government, which at the
45:47
Speaker 2: time was the longest in American history of 43 days,
45:52
Speaker 2: That really affected what was happening with the economy. You
45:55
Speaker 2: had inflation down at 1.6%. Job growth or wage growth
45:59
Speaker 2: was 4.3%, which that is where you get an affordability number.
46:04
Speaker 2: If your wages are going way up and inflation is
46:07
Speaker 2: coming down, then that makes things more affordable for people.
46:10
Speaker 2: And then you had another government shut down the January 1st,
46:14
Speaker 2: which was over ICE and DHS funding. So the Republicans control...
46:20
Speaker 2: the future when it comes to government shutdowns. They just
46:23
Speaker 2: need to get to work and pass all 12 appropriations,
46:26
Speaker 2: throw the $ 380 billion in there, do it one more time.
46:30
Speaker 2: That gives two reconciliations this year. And then the government
46:34
Speaker 2: is not shut down because the Democrats will absolutely use
46:37
Speaker 2: that to affect the turnout for the Republicans, energize their base,
46:42
Speaker 2: and they're going to get more Democrat socialists elected by
46:45
Speaker 2: doing that.
46:46
Speaker 1: Yeah, and the narrative, unfortunately, is on their side because
46:49
Speaker 1: so much of the media is. With the shutdown in
46:53
Speaker 1: the– the longest shutdown we ever had. Yeah, it was
46:57
Speaker 1: 76 days. 76 days. It was because Senate Democrats would
47:01
Speaker 1: not sign off on ending the shutdown. But the liberal
47:04
Speaker 1: media would tell you, well, Republicans control all three branches
47:08
Speaker 1: of government or both chambers of Congress. So clearly they're responsible,
47:12
Speaker 1: you know, leading out some very important information about the
47:17
Speaker 1: actual threshold you need to cross.
47:19
Speaker 2: Well, with reconciliation, you only need 51. You don't need 60.
47:23
Speaker 2: So ultimately, the Republicans do control that when it comes
47:27
Speaker 2: to making sure everything is funded by September 30th. Now,
47:31
Speaker 2: don't get me wrong. It's never done that way. But
47:34
Speaker 2: this is the one time where it should be done
47:36
Speaker 2: because of that midterm general election that's coming up in November,
47:40
Speaker 2: because we can't afford a government shutdown when that comes.
47:44
Speaker 2: But the Democrats always say the Republicans can't govern. That's
47:47
Speaker 2: their thing. and they will energize their base to get
47:50
Speaker 2: them to go vote. I'll let you have the final
47:52
Speaker 2: word on that.
47:54
Speaker 1: Well, I think they need to look into a mirror
47:57
Speaker 1: if they're saying we can't govern. I mean, the reason
48:01
Speaker 1: we're in charge right now is because Biden was a
48:03
Speaker 1: disaster and could not govern. People certainly did not think
48:07
Speaker 1: Amala Harris could govern. So No, I don't think they
48:10
Speaker 1: even believe the wrong rhetoric there. And what is the
48:13
Speaker 1: famous quote? Every accusation is a confession. I think we
48:16
Speaker 1: see that time and time again in politics. What did
48:18
Speaker 1: you make of Kamala Harris going to Ma'am Donnie? Was
48:22
Speaker 1: she bending her knee to the DSA or was it
48:25
Speaker 1: the other way around? And, you know, Kamala Harris, when
48:28
Speaker 1: she was a senator, she was the most progressive senator
48:31
Speaker 1: in the U.S.
48:31
Speaker 2: Senate ever. That's who she is. You know, she tried
48:34
Speaker 2: to come to the center when she ran for office.
48:37
Speaker 2: What do you make of that? Ma'am Donnie and Kamala
48:39
Speaker 2: Harris together. What does that mean?
48:41
Speaker 1: You know, I don't know if I want to read
48:43
Speaker 1: into it too much, but she does seem like the
48:47
Speaker 1: 2028 presidential run could be on her radar. I see
48:51
Speaker 1: it floated here and there. It's not something she just
48:53
Speaker 1: seems to have entirely dismissed. I wouldn't mind seeing her
48:56
Speaker 1: lose again, by the way, but. I don't know if
48:59
Speaker 1: she's just trying to check in where her status is
49:01
Speaker 1: among the DSA types. I mean, they are a section
49:05
Speaker 1: of the Democratic Party that does seem to have a
49:07
Speaker 1: very high voter turnout or propensity to vote. They do.
49:12
Speaker 1: They are very, very energized. I mean, there are a
49:15
Speaker 1: group of people who politics is religion. It is really
49:18
Speaker 1: their only identifier in life. and all of that. So
49:21
Speaker 1: maybe she was just trying to see if that's a
49:23
Speaker 1: group she could recruit from. I actually don't think it
49:26
Speaker 1: is because the thing you have to understand about the
49:29
Speaker 1: far left is You don't get to deviate on any
49:33
Speaker 1: single issue, meaning if she said something about Israel-Palestine that
49:38
Speaker 1: in any way suggested she thinks Israel has even one
49:42
Speaker 1: redeeming quality, that would be disqualifying for the DSA types.
49:47
Speaker 1: If she... were to say, you know, I think we
49:50
Speaker 1: should cut police spending 10% instead of 100%, that would
49:54
Speaker 1: be too right-wing for them. So it's a demographic of
49:57
Speaker 1: crazies that really is impossible to appeal to unless you
50:00
Speaker 1: are one of them. So who knows? Maybe she is.
50:04
Speaker 1: I don't know. We'll find out.
50:05
Speaker 2: Speaking of crazies, what about the couple that somehow managed
50:09
Speaker 2: to get to the top of the Empire State Building?
50:11
Speaker 2: Did you keep up with that as it was going on?
50:15
Speaker 1: That I remember I turned away from my screen and
50:18
Speaker 1: I hear my wife go, is he proposing?
50:20
Speaker 2: Yeah, he did.
50:22
Speaker 1: I mean, listen, they obviously wasted a lot of police
50:25
Speaker 1: resources and all that, but I guess good for them.
50:28
Speaker 1: It's impressive you can find love with someone who is
50:31
Speaker 1: equally crazy as you.
50:32
Speaker 2: He's raised the bar for the rest of us there,
50:34
Speaker 2: didn't he? None of us can do that. Matt, I'm
50:38
Speaker 2: scared to death of heights. That's crazy. My butt was
50:41
Speaker 2: puckering up when I was watching it on television live.
50:44
Speaker 1: I can't sweat. The banner was stupid. It was some
50:48
Speaker 1: like inspirational quote level faux profound quote.
50:54
Speaker 2: Do you know where that comes from? The quote? Okay.
50:57
Speaker 2: I was a huge Jimi Hendrix fan when I was
51:00
Speaker 2: in high school. That is from a Jimi Hendrix song. Really?
51:04
Speaker 2: These lame brains go to the top of the Empire
51:06
Speaker 2: State Building to put this quote up. When the power
51:10
Speaker 2: of love beats the love of power, the world knows peace.
51:14
Speaker 2: And then he proposed to her. Deep. It is deep. Yeah,
51:18
Speaker 2: it's Jimi Hendrix. He was deep. He was a Purple
51:21
Speaker 2: Haze guy. You remember Purple Haze? Of course not.
51:24
Speaker 1: No. No.
51:25
Speaker 2: Speaking of things that you're not into, World Cup. Are
51:28
Speaker 2: you into that at all? Because America is still in it.
51:31
Speaker 2: The round of 16, they play Monday night. Are you
51:34
Speaker 2: watching any of it? Are you getting caught up in it?
51:36
Speaker 1: I went to Buffalo Wild Wings with the boys and
51:38
Speaker 1: watched USA versus Bosnia, and I had no idea what
51:41
Speaker 1: was going on except when there was the goal.
51:44
Speaker 2: Unfortunately, you don't hear the American announcer yell goal like
51:48
Speaker 2: they do in foreign languages, which is my favorite part
51:51
Speaker 2: of soccer. But it is drawing me in, Matt. I
51:53
Speaker 2: said I really didn't care about the World Cup at
51:55
Speaker 2: the beginning. I'm starting to care. I'm enjoying it. What
52:00
Speaker 2: is interesting to me is watching other countries sing their
52:03
Speaker 2: national anthem and how much pride they have in it.
52:07
Speaker 2: And I was going to compare that to Americans. It's
52:09
Speaker 2: the Fourth of July, the Independence Weekend. And I'm not
52:12
Speaker 2: going to do that because every athlete is doing their
52:15
Speaker 2: own thing in their mind. So I don't want to
52:17
Speaker 2: do that. But it's great to see other countries, they're
52:20
Speaker 2: free to be prideful in their country. But yet so
52:23
Speaker 2: many of us in America feel like we can't be
52:25
Speaker 2: prideful right now the way things are. They're so, you know,
52:30
Speaker 2: it's hard to explain the division that we have in
52:32
Speaker 2: this country. But one thing that did come out of
52:36
Speaker 2: the Empire State Building, were the memes. Did you catch
52:40
Speaker 2: the memes on social media?
52:42
Speaker 1: I've seen a few, but nothing that stood out that much.
52:46
Speaker 2: One had a banner and it said, Michelle Obama is
52:50
Speaker 2: a man. I'd rather be American than Democrat, I think.
52:53
Speaker 2: What's this one say? Whoops, the liberals are gay retards there.
52:57
Speaker 2: It was on the Empire State Building. People are great.
53:00
Speaker 2: They're creative and they're funny and America's a great place
53:04
Speaker 2: to be and It's a great weekend, the 4th of July,
53:07
Speaker 2: 250 years. But when it comes to division and when
53:10
Speaker 2: it comes to people just can't stand Donald Trump, let's
53:14
Speaker 2: be honest, there is Trump derangement syndrome. And it's even
53:18
Speaker 2: in our military. We talked about people betting on polymarket
53:21
Speaker 2: and calci earlier and predictive markets that are working in
53:25
Speaker 2: our government. Well, here's another one. Here's a major from
53:27
Speaker 2: the Air Force, Matt. I don't know if you have
53:29
Speaker 2: seen this, but let's watch this video together and we'll
53:32
Speaker 2: talk about it.
53:36
Speaker 1: The president and vice president must be impeached, convicted.
53:40
Speaker 9: And removed.
53:41
Speaker 11: Yes!
53:46
Speaker 4: Impeach, convict, and remove!
53:48
Speaker 8: Impeach, convict, and remove!
54:02
Speaker 2: So, Matt, that is a United States Air Force major
54:06
Speaker 2: that was arrested. And it comes down, well, does he
54:09
Speaker 2: have free speech? Can he do that? Or is he
54:13
Speaker 2: in the military and you're not allowed to do that?
54:15
Speaker 2: You know, that's also evident of the way things are
54:19
Speaker 2: in this country right now. And it's unfortunate, but I
54:22
Speaker 2: believe we can come through it and greater things can
54:25
Speaker 2: be ahead for this country. as we are here on
54:29
Speaker 2: the 4th of July, Independence Weekend, and 250 years. Matt,
54:33
Speaker 2: I believe there's more in the future.
54:34
Speaker 1: At least 250 more.
54:36
Speaker 2: Yeah. Well, I won't be around for that, but hopefully
54:40
Speaker 2: we can do the things today to make a difference,
54:43
Speaker 2: to hold it on for your young daughter, who's not
54:46
Speaker 2: even a year old, and my grandchildren, some that aren't
54:50
Speaker 2: here yet. I have one coming in December, which will
54:53
Speaker 2: be my third grandchild, And that's what this is really
54:56
Speaker 2: all about, to carry it forward, make it better than
54:59
Speaker 2: it has been. And in so many ways, it is better.
55:02
Speaker 2: We've been through a lot. I don't know if you
55:04
Speaker 2: happen to read the piece that I wrote on Friday
55:06
Speaker 2: about the things that our country has come through. We
55:09
Speaker 2: have been through a civil war. Just the founding alone,
55:13
Speaker 2: there were so many arguments and disagreements that they got
55:16
Speaker 2: through that. We get through the civil war and We
55:19
Speaker 2: come through civil rights in the 60s, and from there
55:22
Speaker 2: we have four killed at Kent State University by the
55:26
Speaker 2: National Guard over the Vietnam War. So things have been worse.
55:30
Speaker 2: Things have been a lot worse in this country, and
55:32
Speaker 2: we've come through them, and things have been better. And financially,
55:37
Speaker 2: things have been better. We have the greatest country ever conceived,
55:40
Speaker 2: and we're going to keep it. I believe that, Matt,
55:42
Speaker 2: and I hope that you believe that as well.
55:45
Speaker 1: If you bet against America at any point in our history,
55:48
Speaker 1: you would have lost in the long run. So I
55:50
Speaker 1: hope that trend continues.
55:51
Speaker 11: Yeah.
55:52
Speaker 2: Matt, what do we look for coming up this week?
55:54
Speaker 2: Anything in particular the Supreme Court has done? We don't
55:57
Speaker 2: have to talk about that again. What do we look for?
56:00
Speaker 2: More Iranian stuff, I guess.
56:02
Speaker 1: It could be a Groundhog Day response. Iran, Iran, Iran,
56:07
Speaker 1: and also Iran.
56:08
Speaker 2: Yeah, that's the truth. Have yourself a great week. there
56:14
Speaker 2: is only one truth. You've been listening to The Truth
56:18
Speaker 2: Be Told with Booker Scott on America Out Loud.