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The Ron Verb Show - 4pm Hour - Friday, 08/28/26 · Ron Verb

• 0:00
  Speaker 1: Talk Station 570 WKBN. Bet you thought I went on vacation.
• 0:11
  Speaker 2: All right, News Radio 570 WKBN, 424, you're on the air.
• 0:16
  Speaker 3: You know, if you think about it, you look at
• 0:18
  Speaker 3: how our ancestors got here and what they went through
• 0:21
  Speaker 3: to get here and the travels that they made and
• 0:25
  Speaker 3: establishing their life over here with probably 10 cents in
• 0:28
  Speaker 3: their pocket and not much more. And we're complaining the
• 0:30
  Speaker 3: gas went up, you know, a buck a gallon.
• 0:33
  Speaker 2: Well, no, I'm sorry. You're not going to sway me
• 0:40
  Speaker 2: on that at all.
• 0:41
  Speaker 1: I've got to give you credit. You work on it hard.
• 0:44
  Speaker 2: But inflation is a very real problem. And although the debt,
• 0:49
  Speaker 2: let's see, I filled up the other day, and it
• 0:51
  Speaker 2: was like 50%. With the shell perk that they give
• 0:56
  Speaker 2: you and everything, I think I filled up for like
• 1:00
  Speaker 2: $ 375 or something.
• 1:01
  Speaker 1: It's still expensive.
• 1:03
  Speaker 2: I mean, I am not going to just lay back
• 1:06
  Speaker 2: and say, oh, all of this inflation is no big
• 1:09
  Speaker 2: deal and accept it.
• 1:10
  Speaker 1: Absolutely not. It is insane. And it's still insane.
• 1:18
  Speaker 3: I mean, but if you look at the grand scheme
• 1:21
  Speaker 3: of things, of all the things you pay for, What
• 1:26
  Speaker 3: I would much rather see addressed more so than the
• 1:29
  Speaker 3: Iran war and the inflation it's caused is our property
• 1:32
  Speaker 3: taxes and the fact that the government is spending us
• 1:35
  Speaker 3: into bankruptcy. And the fact that my kids and grandkids
• 1:39
  Speaker 3: are going to struggle to have the same lifestyle I
• 1:41
  Speaker 3: have despite having... the same opportunities, you know, going to college,
• 1:45
  Speaker 3: getting good degrees, and they're probably going to be lucky
• 1:49
  Speaker 3: to live the lifestyle my wife and I have lived
• 1:51
  Speaker 3: because the government and the country's finances are in such
• 1:55
  Speaker 3: bad shape. I'm way more worried about that than the
• 1:58
  Speaker 3: fact that I'm paying 75 cents a gallon more.
• 2:02
  Speaker 2: Yeah, but you're in a different league than the average
• 2:04
  Speaker 2: person listening. I mean, it's much easier for you to
• 2:07
  Speaker 2: do that than Joe Bagadonis.
• 2:10
  Speaker 3: I'm down to one income now. My wife's retired. I've
• 2:14
  Speaker 3: got to live on one income now, Ron.
• 2:15
  Speaker 1: So you're on a fixed income?
• 2:18
  Speaker 3: Well, the funny thing is, my mom used to always say,
• 2:22
  Speaker 3: because people would complain about their money and they would
• 2:25
  Speaker 3: say they're on a fixed income. She said, everybody's on
• 2:27
  Speaker 3: a fixed income. How many people, most people go to
• 2:30
  Speaker 3: work and they get a same paycheck every week, if
• 2:32
  Speaker 3: you think about it. So we're all on a fixed income.
• 2:36
  Speaker 3: And maybe once a year you get a raise and
• 2:38
  Speaker 3: the fixed income goes up a little bit. But most
• 2:40
  Speaker 3: of us have to live on our lives. Once you're
• 2:42
  Speaker 3: independently wealthy or a business owner where your income varies,
• 2:47
  Speaker 3: average goes six-pack, all of us are on a fixed income.
• 2:49
  Speaker 2: But the bottom line is, I go back to say this,
• 2:51
  Speaker 2: and I would put this out to you again. I
• 2:54
  Speaker 2: don't believe anybody could have ever anticipated, whether they were
• 2:58
  Speaker 2: close to retirement, in retirement, or whatever other scenario you
• 3:01
  Speaker 2: want to get go into the type of inflation that
• 3:05
  Speaker 2: we've experienced in this country since COVID. I don't think
• 3:09
  Speaker 2: anyone could ever have anticipated what we are witnessing inflation-wise
• 3:14
  Speaker 2: and the effect it has on everybody out there, on
• 3:18
  Speaker 2: everything out there.
• 3:20
  Speaker 3: COVID accelerated it, but I think it actually started probably
• 3:24
  Speaker 3: towards the end of Obama. Because that's when I was...
• 3:28
  Speaker 3: The funny thing, looking at their property taxes the other day,
• 3:30
  Speaker 3: because I saw it on the news.
• 3:33
  Speaker 3: That they were available, because since the bills didn't come out,
• 3:39
  Speaker 3: that you could go online and look at it. So
• 3:40
  Speaker 3: I looked at mine, and if you ever go to
• 3:43
  Speaker 3: Mahoning County Auditor.org or whatever it is, and look at
• 3:48
  Speaker 3: all the different information that's out there on your property
• 3:51
  Speaker 3: tax statement, it breaks it down into all kinds of
• 3:54
  Speaker 3: interesting things, but it shows the growth of the valuation over,
• 3:59
  Speaker 3: I think it's 20 years. So I looked at mine,
• 4:02
  Speaker 3: and it was pretty much steady from about 2004 until
• 4:05
  Speaker 3: around 2016. My property value really didn't go up much.
• 4:09
  Speaker 3: We built the house in 2004. It was evaluated or assessed.
• 4:15
  Speaker 3: They established the value, and that value stayed the same
• 4:18
  Speaker 3: until about 2016. Then in 2020 was the first big spike.
• 4:21
  Speaker 3: If you remember, that was the first time people were
• 4:24
  Speaker 3: really starting to complain because the value's going up. Then 2024,
• 4:28
  Speaker 3: now 2026. It's increased substantially since 2016. But for the 10,
• 4:34
  Speaker 3: 15 years before that, it was pretty much the same.
• 4:38
  Speaker 3: So I think the inflation started. I think COVID was
• 4:40
  Speaker 3: just poured gasoline on that fire and just accelerated it.
• 4:44
  Speaker 3: But it had started well before that. And I'm sorry.
• 4:48
  Speaker 3: I think if you look at the root cause of this,
• 4:50
  Speaker 3: I think it's government spending. Take a look at the deficit.
• 4:55
  Speaker 3: We're on $ 40 trillion now.
• 4:57
  Speaker 5: That's a trillion.
• 4:58
  Speaker 3: What are we paying? A trillion dollars a year, I think,
• 5:00
  Speaker 3: just on interest? On the debt? It's insane. And nobody
• 5:05
  Speaker 3: wants to... Even if you wanted to fix it, you're
• 5:09
  Speaker 3: not going to fix it because the American public won't
• 5:11
  Speaker 3: stand for it. Just like they won't... The average American
• 5:16
  Speaker 3: public is just like you. They're moaning and groaning about
• 5:18
  Speaker 3: the inflation from the war. That's fine. I get it. But...
• 5:23
  Speaker 3: The minute you start to try and address the deficit,
• 5:25
  Speaker 3: if you get somebody in Congress that went, look at
• 5:27
  Speaker 3: Elon Musk, you want to go in there and you
• 5:28
  Speaker 3: want to start cutting. They came after him, guns blazing,
• 5:33
  Speaker 3: burning down his, burning his cars, burning his dealerships, basically
• 5:37
  Speaker 3: running him out of town on a rail. And anybody
• 5:41
  Speaker 3: that goes to D.C. that thinks they're going to fix
• 5:43
  Speaker 3: the problem, I've got news for you. The American people
• 5:45
  Speaker 3: aren't going to stand it. I think Alec the other
• 5:48
  Speaker 3: day said, we're the frog in hot water.
• 5:49
  Speaker 1: Well, stand by, stand by. Back with Rich, your pharmacist,
• 5:52
  Speaker 1: and more. NewsRadio 570 WKBN. NewsRadio 570 WKBN.
• 6:00
  Speaker 4: The grandmother facing charges of defending county child endangerment cases
• 6:03
  Speaker 4: asking for another bond hearing. Christina Siders' attorneys say her
• 6:07
  Speaker 4: $ 300, 000 bond is excessive, pointing to her age, health concerns,
• 6:11
  Speaker 4: and a lack of criminal record. Siders is one of
• 6:13
  Speaker 4: four family members indicted after 16 children were found living
• 6:16
  Speaker 4: in what authorities described as deplorable conditions at a Hamden home.
• 6:19
  Speaker 4: The four family members have also been ordered to undergo
• 6:21
  Speaker 4: competency evaluations. And in the meantime, a Columbus woman has
• 6:25
  Speaker 4: been arrested nearly two years after police issued a warrant
• 6:28
  Speaker 4: in connection with a 2023 shooting at a North Columbus
• 6:30
  Speaker 4: grocery store. Kamiya Gibson is accused of shooting Saquala Clark
• 6:34
  Speaker 4: inside a Giant Eagle on Stelzer Road before fleeing the scene. Clark,
• 6:38
  Speaker 4: who was taken to the hospital in stable condition, identified
• 6:41
  Speaker 4: Gibson as the shooter and later confirmed her identity in
• 6:44
  Speaker 4: a police photo lineup. Gibson was arraigned Friday with a
• 6:47
  Speaker 4: preliminary hearing scheduled for September 4th.
• 6:49
  Speaker 1: I'm Brady Hopkins.
• 6:51
  Speaker 3: Listen on the free iHeartRadio app for all your music, news, talk,
• 6:54
  Speaker 3: and sports radio.
• 6:56
  Speaker 1: Podcast 2. Download the app.
• 6:58
  Speaker 3: Free. Never sounded so good.
• 7:00
  Speaker 1: Hi there. This is Dan Rivers. On NewsRadio 570 WKBN.
• 7:03
  Speaker 3: All right.
• 7:09
  Speaker 1: I'm going to disagree with you on something.
• 7:11
  Speaker 2: I really think inflation really came about as a result
• 7:14
  Speaker 2: of COVID, starting with Trump, going through Biden and continuing
• 7:18
  Speaker 2: from that point because it wasn't noticeable really very much
• 7:23
  Speaker 2: until that point in time. And it was government policy
• 7:26
  Speaker 2: that created it because. You started handing out money, which
• 7:29
  Speaker 2: created a demand for goods and services at a time
• 7:34
  Speaker 2: when we weren't producing any goods. So it was supply
• 7:37
  Speaker 2: and demand. Goods weren't being produced. People had money. We're
• 7:40
  Speaker 2: buying them, and prices went up because of shortages. That's
• 7:43
  Speaker 2: where it started, I think, as far as the demand.
• 7:48
  Speaker 2: noticeable inflation, and then as we continue to print more
• 7:51
  Speaker 2: money and hand more out, the more dollars you make,
• 7:54
  Speaker 2: the less value all the existing ones have. It just
• 7:57
  Speaker 2: escalated from that point in time. And then, of course,
• 8:01
  Speaker 2: you've got the situation with oil, and that just adds
• 8:04
  Speaker 2: to where an oil-based economy, it just keeps going up
• 8:08
  Speaker 2: as a result of it. But you can't have– I
• 8:11
  Speaker 2: would never dream in my life you would see– the people,
• 8:15
  Speaker 2: the property tax reevaluations, so ridiculous as we're seeing, or
• 8:20
  Speaker 2: people literally are priced out of their home based on
• 8:22
  Speaker 2: the taxes that you would see the increases that you
• 8:25
  Speaker 2: see in groceries and insurance and energy. I mean, just
• 8:30
  Speaker 2: the cost of electricity and gasoline and natural gas.
• 8:34
  Speaker 1: This stuff is, can you imagine if you.
• 8:37
  Speaker 2: Retired just prior to COVID and And then I don't
• 8:41
  Speaker 2: think you ever could have anticipated, nor your financial planner,
• 8:44
  Speaker 2: that type of inflation and that type of life-changing events.
• 8:47
  Speaker 3: The financial planners will run it everywhere. I can tell
• 8:50
  Speaker 3: you that right now.
• 8:51
  Speaker 1: It depends.
• 8:52
  Speaker 3: We met with Joe and Megan from Rockport last week,
• 8:55
  Speaker 3: and they run it every which way. You tell them
• 8:59
  Speaker 3: what you want to anticipate. I think they call it
• 9:01
  Speaker 3: a Monte Carlo scenario. They put it through like a
• 9:04
  Speaker 3: thousand different possibilities. and will analyze how safe you are
• 9:09
  Speaker 3: when you retire, whether you should or should not.
• 9:12
  Speaker 2: But you know how many people retire, and then they
• 9:14
  Speaker 2: get hit with this, and you start to see retirees
• 9:18
  Speaker 2: getting part-time jobs because they had to to help offset
• 9:21
  Speaker 2: some of the cost.
• 9:22
  Speaker 1: I mean, it's just a damn shame.
• 9:24
  Speaker 3: The problem that's bigger than inflation, in my opinion, is
• 9:31
  Speaker 3: the fact that the vast majority of Americans don't know
• 9:34
  Speaker 3: how to control their spending. They want something, and it's not,
• 9:38
  Speaker 3: and I get it. You know, you have to buy gas,
• 9:40
  Speaker 3: and gas is expensive, and food and stuff like that.
• 9:43
  Speaker 3: But you look at wants versus needs, and there's a
• 9:47
  Speaker 3: lot of Americans that just will refuse to deny themselves
• 9:51
  Speaker 3: the wants. Instead of putting 15 or 20 percent of
• 9:56
  Speaker 3: their gross income away every year, so they'll have something
• 9:59
  Speaker 3: to retire on, they want the new car, they want
• 10:03
  Speaker 3: the fancy house, they want the flashy, the nice clothes,
• 10:09
  Speaker 3: lavish vacations, and they keep spending that instead of saying, hey,
• 10:14
  Speaker 3: maybe I should not do that this year. Maybe I
• 10:17
  Speaker 3: can drive a little less expensive car or whatever. buy
• 10:21
  Speaker 3: a used car, buy a second-hand off-lease car, something that's
• 10:24
  Speaker 3: not brand new. But they don't. Americans have a very
• 10:27
  Speaker 3: difficult time denying themselves what they want. You know, if
• 10:32
  Speaker 3: you look at your father's generation, I guarantee you, your
• 10:35
  Speaker 3: father probably never even had a credit card. Or if
• 10:37
  Speaker 3: he did, he never carried it out.
• 10:38
  Speaker 1: I don't know that they even existed at the time, but... No.
• 10:42
  Speaker 3: Well, they've existed since the 60s. I mean, they've been
• 10:45
  Speaker 3: around for a long time, but that generation lived through
• 10:47
  Speaker 3: the Depression. They knew what real economic hardship was.
• 10:51
  Speaker 1: That is true. That changed. It's a life-changing event for them.
• 10:55
  Speaker 1: You're 100% correct.
• 10:57
  Speaker 3: I remember when my great-aunt died, and you were going
• 11:00
  Speaker 3: through that house, and those people didn't throw out anything.
• 11:03
  Speaker 3: There were swabel bags full of other swabel bags full
• 11:06
  Speaker 3: of bread ties, because you might need them someday. You know,
• 11:09
  Speaker 3: I lived through the Depression, and you talk to them,
• 11:11
  Speaker 3: and that left an indelible impression on that generation of Americans.
• 11:16
  Speaker 3: And they did not spend the way their kids and
• 11:18
  Speaker 3: grandkids and great-grandkids now spend.
• 11:21
  Speaker 1: That's true.
• 11:22
  Speaker 3: So, well, you know, so I mean, while I agree
• 11:24
  Speaker 3: with you that this inflation, you know, the average American
• 11:29
  Speaker 3: has the money, it would just detract more from their
• 11:33
  Speaker 3: wants than their needs, to be perfectly honest with you.
• 11:36
  Speaker 3: We're very spoiled. You want to see inflation? Go over
• 11:39
  Speaker 3: to Iran. One dollar, one U.S. dollar is equal to
• 11:43
  Speaker 3: two million, two million Iranian rials. Inflation, I think, in
• 11:48
  Speaker 3: the last year has been almost 100%. That's how much
• 11:52
  Speaker 3: money those people have lost.
• 11:53
  Speaker 2: Yeah, but I don't live in Iran, so it doesn't
• 11:55
  Speaker 2: matter to me.
• 11:56
  Speaker 3: But if we don't get our debt under control in
• 11:59
  Speaker 3: the next 20 or 30 years, that's what we're looking at.
• 12:02
  Speaker 1: Well, don't you think it's sooner than the 20 or
• 12:05
  Speaker 1: 30 years? I don't know. I'm looking at people right now.
• 12:08
  Speaker 2: That are saying transportation, cars, trucks, SUVs are way too
• 12:15
  Speaker 2: expensive for them to be able to get a new vehicle.
• 12:21
  Speaker 2: I'm looking at people that are looking at housing prices.
• 12:25
  Speaker 2: I mean, I'm looking at people that are talking about
• 12:27
  Speaker 2: their energy bills.
• 12:27
  Speaker 3: I was in Queens about three weeks ago. About three
• 12:29
  Speaker 3: weeks ago, I went over to Flynn's. I was getting
• 12:31
  Speaker 3: tires put on my daughter's car for her. And so
• 12:34
  Speaker 3: next day, you know, it takes a while. So I
• 12:36
  Speaker 3: go next door to the Ford dealer, and a salesman
• 12:38
  Speaker 3: comes out. I start talking to him, and I said,
• 12:40
  Speaker 3: do you have any Mustang GTs? First car I bought
• 12:42
  Speaker 3: out of college. I actually still have it. It was
• 12:44
  Speaker 3: a Mustang GT because I wanted one. And I think
• 12:47
  Speaker 3: I paid $ 14, 000 for it in 1991. He said, yeah,
• 12:51
  Speaker 3: there's a red one on the back. So I go
• 12:52
  Speaker 3: look at the back of the auto. I walk back
• 12:54
  Speaker 3: there and look at it. I think it was $ 58, 000. Right.
• 12:59
  Speaker 3: Who in their right mind is going to spend $ 58, 000
• 13:02
  Speaker 3: on this thing? Once again, though, wants versus needs. If
• 13:07
  Speaker 3: you want it and you've got the means, you're probably
• 13:09
  Speaker 3: going to spend the money. I like to look at history,
• 13:16
  Speaker 3: and you look at what we did to Germany after
• 13:18
  Speaker 3: World War I and the Weimar Republic. And they went
• 13:24
  Speaker 3: through the type of inflation that Iran is going through
• 13:26
  Speaker 3: right now. That's what pretty much ultimately led to World
• 13:28
  Speaker 3: War II, because we bankrupted them so badly after World
• 13:33
  Speaker 3: War I. It forced hyperinflation that led to the rise
• 13:35
  Speaker 3: of Hitler and those problems. That's why I ultimately think,
• 13:39
  Speaker 3: I mean, if you look the last week or so,
• 13:41
  Speaker 3: we're getting a lot more oil out of the Middle
• 13:43
  Speaker 3: East than we were a month ago. With this economic blockade,
• 13:48
  Speaker 3: with a blockade of oil we've put on Iran, they
• 13:51
  Speaker 3: can't get anything out, so they have no revenue coming in.
• 13:54
  Speaker 3: We're going after their bank connections with other countries. I
• 13:56
  Speaker 3: think you're going to see this thing wrap up in
• 14:00
  Speaker 3: the next month or two. I honestly do. If we
• 14:02
  Speaker 3: don't back down, if we keep the pressure on them,
• 14:05
  Speaker 3: I think that government is not going to be able
• 14:08
  Speaker 3: to tolerate it. You're starting to see the cracks. If
• 14:10
  Speaker 3: you start reading news You know, there's a lot of
• 14:13
  Speaker 3: news out there other than just Fox. If you start
• 14:15
  Speaker 3: reading the Wall Street Journal, New York Times, you know,
• 14:17
  Speaker 3: other credible news sources and get other information, Iran is
• 14:21
  Speaker 3: hurting way worse than we are, you know, with an
• 14:24
  Speaker 3: extra 75 cents to a dollar a gallon in gas.
• 14:28
  Speaker 3: If you want to see, you know, you want to
• 14:29
  Speaker 3: see hardship, take a look around the world. We complain
• 14:33
  Speaker 3: we've grown and grown, but we still have it better
• 14:35
  Speaker 3: than any place else on Earth.
• 14:38
  Speaker 2: Well, I go back to my initial statement on it.
• 14:41
  Speaker 2: You know what Iran has to do to win this?
• 14:43
  Speaker 1: Survive. And so far, they're surviving.
• 14:47
  Speaker 3: And they have to survive their own people because, you know,
• 14:50
  Speaker 3: what's the old saying? Revolutions are fought on empty bellies.
• 14:52
  Speaker 1: But who knows where they stand?
• 14:53
  Speaker 3: In an article I read the other day, there was
• 14:55
  Speaker 3: a teacher in Iran that got paid on Monday, and
• 14:57
  Speaker 3: by Wednesday, all his money was gone. That's how bad
• 15:00
  Speaker 3: the inflation is. So, you know, how do you spend,
• 15:03
  Speaker 3: what do you do for the next 28 days of
• 15:04
  Speaker 3: the month?
• 15:05
  Speaker 1: Well, I don't know. It can go any way.
• 15:07
  Speaker 2: It doesn't necessarily mean that they're going to have a
• 15:09
  Speaker 2: love affair with the United States of America because they
• 15:12
  Speaker 2: might feel America is what is causing this problem. America
• 15:15
  Speaker 2: is what is destroying their country. You don't understand the
• 15:19
  Speaker 2: mindset of the people that are over there that they're
• 15:22
  Speaker 2: going to say, well, we're not going to tolerate this.
• 15:25
  Speaker 2: It might unite people together more than it divides them
• 15:28
  Speaker 2: because they've got a common enemy. And it very well
• 15:32
  Speaker 2: could unite a country by saying, okay– We'll survive this.
• 15:36
  Speaker 2: We'll wait this out. We'll do what we have to do.
• 15:38
  Speaker 2: We're not giving in to these people that have bombed
• 15:41
  Speaker 2: our country and are doing this to us.
• 15:44
  Speaker 1: I don't know.
• 15:44
  Speaker 3: Well, the bigger problem you have is even if 90%
• 15:48
  Speaker 3: of the people are fed up and want it to change,
• 15:51
  Speaker 3: it's the 10% that control the guns that are going
• 15:53
  Speaker 3: to get what they want. Maybe that's the problem in Iran.
• 15:56
  Speaker 1: Maybe so.
• 15:57
  Speaker 3: Look at Germany and Japan. We beat the tar out
• 16:00
  Speaker 3: of both of those countries. They were destroyed. Before we
• 16:03
  Speaker 3: A-bombed Japan, the country was annihilated. We firebombed all their cities.
• 16:07
  Speaker 3: There was nothing left. They were still fighting because the
• 16:09
  Speaker 3: people that controlled the weaponry, if you control the guns,
• 16:13
  Speaker 3: you control the population.
• 16:15
  Speaker 2: Well, the answer always is, I mean, we keep changing strategies.
• 16:18
  Speaker 2: Let's see if this one works. If it doesn't, I
• 16:21
  Speaker 2: don't know what you do from here.
• 16:23
  Speaker 3: I mean, it's... Well, I mean, they've got... Trump has
• 16:27
  Speaker 3: about six weeks. I think if this thing wraps up
• 16:30
  Speaker 3: in the next six weeks, they can still save the midterms.
• 16:32
  Speaker 3: If it doesn't, it's going to be a bloodbath in November.
• 16:39
  Speaker 1: It shouldn't be because why you'd vote for the Democrats
• 16:41
  Speaker 1: is beyond me on anything like that.
• 16:44
  Speaker 2: However, this thing needs to come to a conclusion because
• 16:50
  Speaker 2: contrary to what anyone says, it's not going well. It
• 16:54
  Speaker 2: is costing your debt deficits getting bigger as a result
• 16:57
  Speaker 2: of it. Your inflation is increasing as a result of it.
• 17:02
  Speaker 2: And you keep hearing, well, we got them now.
• 17:07
  Speaker 1: We got them now. We got them now. We've heard
• 17:09
  Speaker 1: that now for months.
• 17:11
  Speaker 3: G2 says it all the time, though. You send the Republicans.
• 17:14
  Speaker 3: The Republicans are supposed to be the party of fiscal conservatism, right?
• 17:17
  Speaker 3: Do you see any fiscal conservatism coming out of any
• 17:20
  Speaker 3: form of government, whether it's controlled by a Democrat or
• 17:23
  Speaker 3: a Republican? And that goes from your local school boards
• 17:26
  Speaker 3: all the way up to D.C. Nobody, nobody is fiscally
• 17:31
  Speaker 3: conservative in government.
• 17:34
  Speaker 1: Yep, I would agree with that. All right. Thank you, Rich.
• 17:37
  Speaker 1: Appreciate it.
• 17:38
  Speaker 3: Enjoy. Have a good weekend.
• 17:40
  Speaker 1: You too. You're on air.
• 17:42
  Speaker 5: So that was a very good call by Rich. Except
• 17:47
  Speaker 5: I want to correct one thing about when inflation started.
• 17:52
  Speaker 1: Yes, it's the guru from Girard, yes.
• 17:55
  Speaker 5: So it first actually started mostly in 1970 when Nixon
• 17:58
  Speaker 5: signed us up the gold standard so that we were
• 18:01
  Speaker 5: just printing money with the promise of paying it back.
• 18:05
  Speaker 1: Let me let me before, Professor, we go down this road.
• 18:09
  Speaker 1: Most people didn't.
• 18:10
  Speaker 2: I mean, there was inflation during Jimmy Carter's time. But
• 18:12
  Speaker 2: in general, since since I probably like you, I've lived
• 18:16
  Speaker 2: a lot of the history. Most inflation wasn't too noticeable.
• 18:19
  Speaker 2: Remember when whip inflation now under Gerald Ford and Carter?
• 18:24
  Speaker 2: That was when inflation was high and noticeable. We've had
• 18:27
  Speaker 2: these peaks and things, but nothing like we've experienced since COVID. Nothing.
• 18:32
  Speaker 5: Well, I was about to say, let me hop, skip,
• 18:34
  Speaker 5: and jump, because he did say it kind of started
• 18:36
  Speaker 5: under the end of Obama.
• 18:37
  Speaker 3: Do you remember?
• 18:38
  Speaker 5: It actually started towards the beginning of Obama. Do you
• 18:41
  Speaker 5: remember the word quantitative easing?
• 18:44
  Speaker 3: Yes.
• 18:45
  Speaker 5: You asked me about it. I remember back when they
• 18:47
  Speaker 5: first said they were doing it, and I said it
• 18:49
  Speaker 5: was a way to slowly drop you into the poorhouse
• 18:52
  Speaker 5: rather than all at once. And that is primarily massive
• 18:59
  Speaker 5: printing money in order to help a money shortage, which
• 19:04
  Speaker 5: was caused by all that banking problem. So that's when
• 19:07
  Speaker 5: it really started. And by the way, that is the
• 19:11
  Speaker 5: day that I started preparing for today in my life.
• 19:14
  Speaker 5: And we talked about it a million times. But that's
• 19:19
  Speaker 5: when I just started saying, this is going nowhere good.
• 19:22
  Speaker 5: And at some point it's going to start feeling like,
• 19:24
  Speaker 5: why more Germany here if they just keep this up?
• 19:27
  Speaker 5: And somebody's got to get this under wraps, you know.
• 19:31
  Speaker 3: Somebody cares.
• 19:31
  Speaker 5: You know, Sherrod Brown and people like Tim Ryan, they
• 19:36
  Speaker 5: were there the whole time. And there's others, you know,
• 19:39
  Speaker 5: I just know them. That's why I have to pick
• 19:41
  Speaker 5: on them. But, like, when they think about running again,
• 19:44
  Speaker 5: what did you really do, guys? You went down there.
• 19:46
  Speaker 5: You just made yourself and your buddies rich. You slapped
• 19:50
  Speaker 5: yourself on the back like you were doing all kinds.
• 19:52
  Speaker 3: Of good stuff.
• 19:53
  Speaker 5: And you spent your kids' money and your grandkids' money
• 20:00
  Speaker 5: and called yourself smart. I wouldn't vote for any of
• 20:04
  Speaker 5: those guys again. I don't know who to vote for.
• 20:05
  Speaker 5: I mean... I have to agree with you. There are
• 20:09
  Speaker 5: no fiscal conservatives.
• 20:12
  Speaker 3: Really. All these things.
• 20:15
  Speaker 5: I kept telling you, we live a lot better than
• 20:16
  Speaker 5: our parents. You see kids riding bikes today, they can't
• 20:22
  Speaker 5: even pedal. They've got to use energy. You know what
• 20:27
  Speaker 5: I mean?
• 20:28
  Speaker 3: Where are we going?
• 20:29
  Speaker 5: They couldn't cut grass. Somebody else cuts grass. Who's going
• 20:32
  Speaker 5: to make an investment in this generation that's like that?
• 20:36
  Speaker 5: No one. So I hate to tell you, one day,
• 20:40
  Speaker 5: you know, I woke up and, like, my whole philosophical mind,
• 20:42
  Speaker 5: I said, this place is a prison and no one
• 20:45
  Speaker 5: just told me. And, you know, because no one gets
• 20:48
  Speaker 5: out alive. So it could be a lot worse than
• 20:51
  Speaker 5: it is today. A lot worse. But it could be better, too.
• 20:56
  Speaker 5: And I think we need to get the Devender control run.
• 21:00
  Speaker 1: Well, do you see that happening anytime soon?
• 21:06
  Speaker 5: That's why I called the show. I don't know.
• 21:08
  Speaker 2: I mean, it's logical, I hope, but again... Right, but
• 21:12
  Speaker 2: I go back to my initial argument. The only time
• 21:15
  Speaker 2: I thought that this country was going to be under
• 21:18
  Speaker 2: control was with Musk saying there's $ 2 trillion being wasted
• 21:21
  Speaker 2: every year. And look what they did to him. So
• 21:24
  Speaker 2: show me anyone that's working on serious... Major cuts to spending.
• 21:31
  Speaker 2: Remember what Reagan used to say. We don't have a
• 21:33
  Speaker 2: taxing problem. We have a spending problem. Well, what he
• 21:36
  Speaker 2: said then still applies today. But is anybody doing anything
• 21:39
  Speaker 2: about it? Well, they saw what happened to Musk. So
• 21:43
  Speaker 2: I don't anticipate it ever being dealt with. Look at
• 21:47
  Speaker 2: how it's growing under Trump. and the Republicans, and it
• 21:50
  Speaker 2: will continue. If the Democrats win, my God, with all
• 21:53
  Speaker 2: their programs and handouts, it'll just.
• 21:55
  Speaker 1: Grow even more.
• 21:56
  Speaker 2: So I think you're starting to see the crap hit
• 21:59
  Speaker 2: the fan because that's why your payment on interest is
• 22:06
  Speaker 2: so high anymore.
• 22:07
  Speaker 1: And it's just servicing the debt. It's not lowering it.
• 22:11
  Speaker 2: So when I look around at what's going on, I
• 22:14
  Speaker 2: don't see any promising signs. Do you think bailing out
• 22:17
  Speaker 2: Japan and the finagling that they were doing in the
• 22:20
  Speaker 2: bond market are good economic signs?
• 22:23
  Speaker 5: Well, let me explain that.
• 22:25
  Speaker 3: May I?
• 22:26
  Speaker 5: You may, but I don't think it's a good sign,
• 22:29
  Speaker 5: but was it logical?
• 22:31
  Speaker 1: I'm not arguing that, but was it a good sign?
• 22:33
  Speaker 2: Is it juggling the balls to try to keep all
• 22:36
  Speaker 2: the crap from hitting the fan?
• 22:38
  Speaker 1: Well, okay, yes, but it just delays the inevitable.
• 22:44
  Speaker 5: All I have to say is back when we talked
• 22:46
  Speaker 5: about quantitative easing and I was explaining to you and
• 22:50
  Speaker 5: I said, the only way you undo this is somebody
• 22:53
  Speaker 5: has to be brave enough to burn money. They printed it, right?
• 22:59
  Speaker 5: Somebody has to be brave enough to do the opposite.
• 23:03
  Speaker 5: And effectively what they did in Japan is kind of
• 23:06
  Speaker 5: like that to me. Like you're burning money because you're
• 23:11
  Speaker 5: rebuying those treasuries. But the problem is I think they
• 23:17
  Speaker 5: printed more money to do it. So they need to
• 23:21
  Speaker 5: buy those back and not print money to do it
• 23:25
  Speaker 5: in order to really solve it. Reverse the problem. And,
• 23:32
  Speaker 5: you know, when I talk to you about, like, partly
• 23:34
  Speaker 5: what I'm doing, like, I choose to study government and
• 23:39
  Speaker 5: how it operates and processes and things like that in
• 23:41
  Speaker 5: the data. The answer is that the problems are in
• 23:43
  Speaker 5: the computer because that's a lot of, like, the fraud
• 23:45
  Speaker 5: and mismanagement because it all happens so fast. And the
• 23:48
  Speaker 5: solution is in the computer. But I think kind of
• 23:51
  Speaker 5: people are too lazy to do that. AI is giving
• 23:54
  Speaker 5: us a possibility time to do it, like, for time-limited purposes.
• 23:59
  Speaker 1: Are you embracing AI?
• 24:02
  Speaker 5: I'm studying it because it's there before me. Nobody asked
• 24:06
  Speaker 5: me about it before they did it. They just said,
• 24:08
  Speaker 5: here it is. So I'm with you guys all on
• 24:13
  Speaker 5: the data center caution.
• 24:14
  Speaker 3: Believe me.
• 24:15
  Speaker 5: But AI is not data centers. And by the way,
• 24:19
  Speaker 5: we should start saying hyperscale data centers because there's a
• 24:22
  Speaker 5: lot of data centers that don't even use as much
• 24:25
  Speaker 5: as your hair dryer. And they're there, you know, like
• 24:28
  Speaker 5: for colleges and things like that. But it's those big
• 24:31
  Speaker 5: ones that are a real problem. So hyperscale data centers.
• 24:36
  Speaker 1: All right, Professor.
• 24:37
  Speaker 5: Yeah, yeah.
• 24:39
  Speaker 3: All right.
• 24:39
  Speaker 5: Have a great weekend, my friend.
• 24:40
  Speaker 3: I'll be listening.
• 24:41
  Speaker 1: Thank you. You're on air. Ronnie. It's the unknown caller.
• 24:47
  Speaker 5: Ron, I was on hold.
• 24:48
  Speaker 6: For three minutes. I wasn't expecting that.
• 24:51
  Speaker 1: Well, I'm sorry to keep you waiting so long.
• 24:55
  Speaker 3: Yeah.
• 24:56
  Speaker 6: You don't understand my life.
• 24:58
  Speaker 5: My time's worth a lot.
• 25:02
  Speaker 2: Three minutes used to be something you'd brag about back
• 25:08
  Speaker 2: in your honeymoon days.
• 25:11
  Speaker 3: Yeah, okay.
• 25:12
  Speaker 6: Hey, you just talked about delaying the inevitable by doing
• 25:17
  Speaker 6: the whole Japan deal that they did.
• 25:19
  Speaker 1: Yes.
• 25:21
  Speaker 6: It's just like heart surgery.
• 25:22
  Speaker 3: You're delaying the inevitable. You're going to die. Yeah.
• 25:26
  Speaker 6: So, I mean, you can look at it that way.
• 25:28
  Speaker 6: But where do I even start?
• 25:35
  Speaker 1: I don't know. Where do you even start?
• 25:37
  Speaker 2: I tell you what, let me pause for commercials, and
• 25:39
  Speaker 2: you mull it over where you want to start, all right?
• 25:41
  Speaker 2: Get your act together, and we'll find out where he
• 25:44
  Speaker 2: wants to start in a minute. Ron Verb, NewsRadio 570, WKBN.
• 25:48
  Speaker 2: From the kingdom of Mahoning we are on a good-looking Friday,
• 25:51
  Speaker 2: August 28th at 78 degrees. Glad you tuned in. I'll
• 25:54
  Speaker 2: be right back.
• 25:59
  Speaker 1: Zero is the 70. WKVN.
• 26:01
  Speaker 2: Hidey-ho, 4.55 in the afternoon in Ron Verbari. Did you
• 26:04
  Speaker 2: get your act together?
• 26:06
  Speaker 3: Somewhat, yeah.
• 26:07
  Speaker 1: All right.
• 26:07
  Speaker 6: I think I did. So the last caller made, I
• 26:12
  Speaker 6: think it was him that made a good point about,
• 26:14
  Speaker 6: you know, the kids don't pedal the bikes anymore. They
• 26:16
  Speaker 6: got electric batteries, but yet they're worried about the new
• 26:19
  Speaker 6: green scam. Yeah.
• 26:23
  Speaker 1: Okay.
• 26:24
  Speaker 6: And, like, I was in Philadelphia this weekend. They had
• 26:30
  Speaker 6: a special training event at the stadium. And when you
• 26:34
  Speaker 6: go into the bathrooms, the urinals, they're all disgusting because.
• 26:42
  Speaker 5: They only flush, like.
• 26:43
  Speaker 6: Every 10 minutes. And they both said it saves, like,
• 26:47
  Speaker 6: 5,000 gallons per event, which is just insane. You know,
• 26:53
  Speaker 6: I just think how many diseases are spread there. They
• 26:57
  Speaker 6: only flush like every 10 minutes. You walk up and
• 26:59
  Speaker 6: you can't even flush it yourself. There's no way to
• 27:01
  Speaker 6: flush it.
• 27:02
  Speaker 3: It's just, you know, automatic.
• 27:04
  Speaker 6: You got to wait until it flushes.
• 27:05
  Speaker 1: Let me see if I get this straight. You were
• 27:07
  Speaker 1: in Philadelphia, you claim, right?
• 27:10
  Speaker 6: Correct.
• 27:11
  Speaker 1: And you were at a stadium?
• 27:13
  Speaker 6: Yeah, where the Eagles play, yeah.
• 27:15
  Speaker 2: All right, so you're at a stadium and you go
• 27:19
  Speaker 2: to the typical male urinal. You relieve yourself, and then
• 27:25
  Speaker 2: it just goes down to where it would normally sit,
• 27:29
  Speaker 2: and the next guy does it, and the next guy
• 27:30
  Speaker 2: does it, and then after 10 minutes, the auto flush happens.
• 27:35
  Speaker 2: So it doesn't do it each time when you walk
• 27:37
  Speaker 2: away from it, and it saves them a ton of
• 27:40
  Speaker 2: water is what you're saying.
• 27:42
  Speaker 6: After an $ 18 beer, you know, you'd think you'd be
• 27:46
  Speaker 6: able to flush your own Totally. But, yeah, it's just,
• 27:50
  Speaker 6: I look up, you know, I'm like, first thing you
• 27:53
  Speaker 6: think of is, last guy didn't flush, oh, come on.
• 27:56
  Speaker 6: And then you look, like, they're all, you go to
• 27:58
  Speaker 6: the next one, nope, nope, nope. And it just flushes, like,
• 28:01
  Speaker 6: on an automatic timer. And they boast that it saves
• 28:06
  Speaker 6: 5,000 gallons of water per event. I don't know, how
• 28:09
  Speaker 6: many games do they got there a year? You know, like, eight,
• 28:12
  Speaker 6: was that?
• 28:12
  Speaker 5: Yeah.
• 28:14
  Speaker 6: Thirty thousand gallons of water they're saving.
• 28:17
  Speaker 1: I'm surprised.
• 28:17
  Speaker 2: I mean, I'm surprised that you did such research to
• 28:21
  Speaker 2: be able to even uncover something like this. I mean,
• 28:24
  Speaker 2: you know, the normal guy. Here's my M.O. I would
• 28:28
  Speaker 2: go take care of my business. I would leave and
• 28:31
  Speaker 2: I wouldn't think twice about it. But somehow this just
• 28:34
  Speaker 2: ate at your craw. You got done urinating and you said,
• 28:38
  Speaker 2: why didn't it flush? I can't flush it manually. It
• 28:41
  Speaker 2: didn't automatically flush. You walked away and apparently you somehow
• 28:45
  Speaker 2: decided to do some research on the urinals at the facility.
• 28:50
  Speaker 6: All right, Ronnie, you walk a mile in my shoes.
• 28:53
  Speaker 6: You walk up to a urinal and you can't clean
• 28:55
  Speaker 6: it before you dispense into it. It's disgusting. And you'll
• 29:00
  Speaker 6: find out that you're going to be like, why is this?
• 29:03
  Speaker 6: And then you'll be looking it up on the Google.
• 29:06
  Speaker 6: Speaking of looking it up on the Google.
• 29:13
  Speaker 1: I'm glad you got to the bottom of it.
• 29:14
  Speaker 6: The price of gas in 2012, it was 364 gallons.
• 29:17
  Speaker 6: Adjusted for inflation, it'd be 523 today. The average price
• 29:29
  Speaker 6: of gas. So I know gas prices are high. They're higher,
• 29:34
  Speaker 6: and I think it is hurting the Republicans.
• 29:37
  Speaker 1: Stand by, please. Stand by.
• 29:38
  Speaker 2: I'll get back to him after that in-depth report with
• 29:44
  Speaker 2: his next comments in another hour straight ahead.