It's apparently terrible to tell millennials to save their money or invest their money these days. On Monday, a news broke worldwide that an Australian real estate developer, Tim Gurner, had explained that one of the secrets to financial success was saving and investing, rather than spending. Quote: "We're at a point now where the expectations of younger people are very, very high. They want to eat out every day, they want to travel to Europe every year. They're spending money on travel, they're eating out more, and they're traveling more." Well, to avoid the implications of this, the New York Times fact checked him, and found that he was correct. But does that help explain why millennials can't afford to buy a house? Or is it because they're poor and poor people are spending more than they can afford? Or because they are younger and poorer than their parents were when they were growing up? And if they don't like their financial situations, perhaps they should start by examining their own financial situations? The problem here isn't that people don't want to hear the truth, it's that their lives are in their hands, and their lives aren't in their control. Ben Shapiro's solution is simple: they should be in their own hands, not in the hands of their parents, but in their parents' or their grandparents' and their own heads, not their grandparents to make their own decisions and take charge of their own money and take responsibility for their own lives. The Ben Shapiro Show is a show about what matters, and what matters to them, not so much as what they can and doesn't matter, and doesn t matter what they're told them by their parents or their parents do or don't care about. It's not about what they should do, but about how they're going to get a good night's rest. And it's about how much money they have, not how much they should have, and how they should spend it, not what they have enough of it, and that they should use it not how they can have it. What is a good bedtime story about you can be a good one, not a good story about what you should have to sleep in bedtime? - Ben Shapiro I bought a set of Bull & Branch sheets from Bull and Branch and they are the best sheets you can buy on the market so you can sleep on them.
00:00:00.000So, it's apparently terrible to tell millennials to save their money or invest their money these days.
00:00:04.000On Monday, news broke worldwide that an Australian real estate developer, Tim Gurner, had explained that one of the secrets to financial success was saving and investing rather than spending.
00:00:24.000They want to travel to Europe every year.
00:00:25.000I think until this generation realizes that the people that own homes today worked very, very hard for it, saved every dollar, did everything they could to get up the property ladder, they won't get ahead.
00:00:34.000You might have to buy an investment property first.
00:00:35.000You might have to share with mom or dad.
00:01:03.000The truth is, even if millennials assumed the eating out habits of baby boomers, it would take around 113 years before they could afford a down payment on a home, assuming a 20% down payment on the median price for a home in the U.S., $315,000 in March 2017, and a 1% yearly yield rate.
00:01:17.000The average price of a single avocado in March was $1.25, according to the Haas Avocado Board.
00:01:22.000One Twitter user, Nora Biet-Timmons, calculated that a serving of avocado toast cost her about $1.65.
00:01:28.000Or $477,896, the average price of a home in Brooklyn.
00:01:34.000But does the New York Times have any decent advice for millennials, other than snarking about avocados?
00:01:40.000Everybody is spending more now, but millennials cannot afford to do so because they are younger and poorer.
00:01:45.000While the New York Times acknowledges that all generations of Americans are eating out more, for example, it fails to evaluate whether younger people can afford to do so in the way older people can.
00:01:54.000When we were younger, my wife and I didn't eat out nearly as much as we do now.
00:01:58.000Overall, young people are racking up debt much faster these days.
00:02:01.000Here's ABC News from several years ago.
00:02:12.000The median debt level among card-carrying undergrads rose to $1,770 in 2001 from $1,236 in 2000, an indicator that more students are using their cards regularly and may not be paying off the balances each month.
00:02:27.000More than half of millennials, people aged 18 to 34, reported a credit score below 670.
00:02:32.000Millennials are even turning to payday loans and pawn shops to put cash in the bank.
00:02:36.000Millennials aren't getting married or buying homes thanks to cost, and they're not putting money in the stock market, but they are spending money on travel.
00:02:41.000Some millennial money trouble comes from the global financial downturn, of course, but to neglect personal decision-making in terms of investing is a mistake.
00:02:48.000Why wouldn't investors tell kids to save up?
00:02:50.000Because it might hurt their feelings and suggest that they have agency in their own lives.
00:02:54.000When I told a group of students in a downtrodden public school, O.T.
00:02:57.000Ranch High School, that in a free country like America, permanent poverty is a function of making poor financial decisions, the high school principal actually dismissed the students
00:03:05.000Telling me that too many of their parents were impoverished and thus might feel insulted.
00:03:10.000The problem here isn't loose talk about avocado toast.
00:03:12.000It's that people don't want to hear the truth.
00:03:14.000Their lives are in their hands, and if they don't like their financial situations, perhaps they should start by examining their own decisions.
00:03:25.000Alrighty, another day, another quasi-scandal.
00:03:27.000We will talk about two big stories, one from the right and one from the left, that everybody seems to be buying into, and what is true and what is not.
00:03:34.000Before we do, I want to say thank you to our sponsors over at Bull & Branch.
00:03:38.000So, Bull & Branch sheets are the best sheets that you can buy on the market.
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00:04:29.000And when you think about the fact that you're going to be sleeping on these every night, you have to understand that a little bit of cost goes a long way.
00:04:35.000The kinds of sheets that they sell normally would retail for like $1,000.
00:04:58.000There are two big stories of the day, one from the right and one from the left, and I want to discuss them both in detail.
00:05:02.000I'm going to start with the one from the right, because I think that there's more to talk about in the one from the left.
00:05:07.000That's the one that's leading all the newspapers.
00:05:09.000So, the one from the right that is being pumped by Fox News, is being pumped by Drudge, is being pumped by Breitbart News today, is this story about a guy named Seth Rich.
00:05:19.000So, Seth Rich is a former, was a former
00:05:23.000He was a member of the DNC, he was a guy who worked at the DNC, and he was shot back in, during the middle of the election cycle.
00:05:32.000And there was a lot of suspicion about that because while the police had been investigating it as an armed robbery gone wrong, nothing was stolen.
00:05:40.000He had like a $2,000 necklace on him, his wallet was left on him, and so there are a lot of accusations that this was actually an assassination.
00:05:45.000So, last night, Fox DC5 reports that a private investigator named Rod Wheeler
00:05:50.000I do believe the answer is to murdered who murdered Seth Rich sits on his computer on a shelf at the DC police or FBI headquarters.
00:06:05.000The Wikileaks group was actually getting the DNC emails, not from the Russians, but from an insider at the DNC.
00:06:12.000The DNC was basically, they had a mole, and the mole was very upset about Bernie Sanders losing, and so he was sending all sorts of information, thousands upon thousands of emails, to Wikileaks, and then he was shot over it, presumably by somebody associated with the DNC or the Hillary Clinton campaign, is what the right would have you believe, or at least the conspiratorial right would have you believe.
00:06:31.000It would also debunk a lot of the stories about how Russia was the one hacking the DNC.
00:06:35.000It would turn out that it was an inside job from somebody who was presumably just a Bernie Sanders supporter.
00:06:41.000It would be more of an Edward Snowden situation, not necessarily a spy situation, which would change a lot of the Trump-Russia talk.
00:06:48.000Fox News has now reported that an anonymous federal investigator said 44,053 emails and 17,761 attachments between DNC committee leaders spanning January 2015 through late May 2016 were transferred from Rich to the director of WikiLeaks, Gavin McFadden, who's also recently deceased.
00:07:06.000They say that an anonymous federal investigator had said this.
00:07:09.000So we have an anonymous source saying something.
00:07:10.000Well, the family has denied these reports and slams Wheeler for violating confidentiality.
00:07:14.000Basically, they release a statement that says that there is no evidence and no emails suggesting WikiLeaks links.
00:07:21.000Their statement says, as we've seen through the past year of unsubstantiated claims, we've seen no facts, we've seen no evidence, we've been approached with no emails, and only learned about this when contacted by the press.
00:07:30.000Even if tomorrow an email was found, it is not a high enough bar of evidence to prove any interactions.
00:07:34.000As emails can be altered, and we've seen that those interested in pushing conspiracies will stop at nothing to do so.
00:07:39.000We are a family who is committed to facts, not fake evidence that surfaces every few months to fill the void and distract law enforcement and the general public from finding Seth's murderers.
00:07:46.000The services of the private investigator who spoke to press was offered to the rich family and paid for by a third party, and contractually was barred from speaking to press or anyone outside of law enforcement or the family unless explicitly authorized by the family.
00:07:58.000So, here is the bottom line on this particular story.
00:08:00.000We just don't know enough at this point.
00:08:12.000With all of that said, people are jumping onto the anonymous sourcing here, and they're jumping onto this...
00:08:18.000P.I., this private investigator, who has a bit of a sketchy history, they're jumping on this to basically suggest that this is the big scandal of the day, is that Seth Rich was murdered because he was sending DNC emails to WikiLeaks.
00:08:38.000is shaky, and the FBI has not released a statement.
00:08:41.000When more information comes out, then we can make a judgment.
00:08:44.000Unfortunately, people aren't waiting to make a judgment, they're just jumping on it.
00:08:47.000And this shows, I think, that confirmation bias has absolutely seeped into every aspect of news coverage.
00:08:53.000Right now, people are seeing a story, they're deciding whether they like the story or not, and then they're believing it based on whether they like it or not.
00:08:59.000They're seeing a story that's filled with anonymous sources, like this anonymous FBI guy, and they're deciding whether they like the anonymous source based on what the anonymous source is saying.
00:09:06.000They're looking at a story like this and they're saying, well, sure the family says that this was leaked in violation of confidentiality, but leaks are okay because we think it's an important story.
00:09:14.000So, now flip the script and we're going to talk about the story from the left.
00:09:17.000Okay, so the Washington Post reports last night that President Trump, during that meeting with the Russians that we talked about last week, and the day after he fires FBI Director James Comey, the Washington Post reports that he has this meeting with Sergey Kislyak, who's the ambassador from Russia and who is a spymaster by pretty much every available
00:10:22.000After Trump's meeting, senior White House officials took steps to contain the damage, placing calls to the CIA and the National Security Agency.
00:10:29.000This is code word information, said a U.S.
00:10:31.000official familiar with the matter, using terminology that refers to one of the highest classification levels used by American spy agencies.
00:10:38.000The Washington Post, by the way, says that they have the information.
00:10:41.000But they're not going to print the information because it would be unsafe to print the information.
00:10:45.000They say the Post is withholding most plot details, including the name of the city that apparently Trump mentioned, at the urging of officials who warned that revealing them would jeopardize important intelligence capabilities.
00:10:55.000So, the story is basically that there are a couple of anonymous sources inside the Trump White House who leaked that Trump had revealed highly classified information to the Russians.
00:11:03.000So, a couple things out of the way, first and foremost.
00:11:39.000They leaked classified information to our enemies on a routine basis.
00:11:42.000In 2011, for example, this did not get a lot of attention, even though it was a big story.
00:11:46.000In 2011, Joe Biden, then the vice president, revealed that it was SEAL Team 6 that had killed Osama bin Laden, and there were members of SEAL Team 6 families who felt that he had put a target on their back by revealing this information publicly.
00:11:57.000Let me briefly acknowledge tonight's distinguished honorees.
00:12:05.000He could tell you more about and understands the incredible, the phenomenal, the just almost unbelievable capacity of his Navy SEALs and what they did last Sunday.
00:12:19.000Okay, so there he was, you know, spilling classified information, and it ended up actually being quite tragic, because SEAL teams were then targeted by Al-Qaeda, apparently, but that was not a big scandal on the left or among the media.
00:12:32.000Obviously, the Obama administration also leaked
00:12:34.000Information from our allies repeatedly, particularly from Israel.
00:12:37.000They leaked information over and over and over about Israeli plans to strike the Iranian nuclear facilities in an attempt to stop Israel from doing all of that.
00:12:50.000If the President of the United States cannot be trusted with classified information, if he's just going out there and saying things to people openly because he's got an ego problem, which is supposedly what
00:13:03.000So apparently what happened is that when Trump described measures the U.S.
00:13:08.000has taken or is contemplating to counter the threat of ISIS, including military operations in Iraq and Syria, as well as other steps to tighten security, Trump cast the countermeasures in wistful terms.
00:13:18.000He said, can you believe the world we live in today?
00:13:36.000McMaster, who is the National Security Advisor, who has a high level of trust with conservatives, as well he should, he comes out, and he gives a statement, a 60-second statement last night without taking any questions, and here's what he said last night about this Washington Post story.
00:13:49.000There's nothing that the President takes more seriously than the security of the American people.
00:13:54.000The story that came out tonight, as reported, is false.
00:13:57.000The President and the Foreign Minister reviewed a range of common threats to our two countries, including threats to civil aviation.
00:14:06.000At no time were intelligence sources or methods discussed.
00:14:11.000And the President did not disclose any military operations that were not already publicly known.
00:14:18.000Two other senior officials who were present, including the Secretary of State, remember the meeting the same way and have said so.
00:14:25.000Their on-the-record accounts should outweigh those of anonymous sources.
00:14:37.000McMaster is saying here is sort of a denial.
00:14:40.000Like, I just want to be exact about this.
00:14:41.000It's sort of a denial, and it's sort of not.
00:14:43.000Okay, so it's a denial of things that the Washington Post never claimed.
00:14:46.000So the Washington Post never claimed that Trump had revealed intelligence sources or methods.
00:14:49.000What the Washington Post claimed is that Trump had said something about a particular city where there was an ISIS operation taking place, and the fact that we knew about it endangered one of our sources.
00:14:58.000That's basically the Washington Post's claim.
00:15:00.000McMaster is denying something the Washington Post never claimed there.
00:15:13.000If you are worried about preserving your lifetime memories, and you should be, because the fact is, if they're moldering in a cardboard box somewhere in the backyard garage, it's possible that bugs can get in there, rats can get in there, they degrade over time, there can be a flood.
00:15:26.000You're never going to pull them out anyway, because they're on old film reels.
00:15:58.000Every step of the process of a quarter million families have used LegacyBox.com.
00:16:02.000Right now, if you go to LegacyBox.com slash Ben, you get 40% discount on your order.
00:16:07.000Again, go to LegacyBox.com slash Ben, you get a 40% discount on your order.
00:16:11.000There's nothing that's more important than preserving those memories, and it'll also make it easier if, God forbid, something happens to your house, all you have to do is grab the thumb drive.
00:16:18.000You don't even have to, you can upload it to your computer.
00:16:20.000All you have to do is grab something small instead of trying to schlep boxes out in the middle of an earthquake.
00:16:39.000Secretary of State Rex Tillerson echoes McMaster's statement, and then, President Trump, who just cannot help himself, he just cannot help himself, he gets up this morning, and he goes on Twitter, and he tweets,
00:17:01.000So, he had his entire team go out there and say it never happened, and then he goes out there and he says, it happened, but it's okay that I did it.
00:17:10.000And that's open to debate, because we don't know what the information is, so how are we ever supposed to confirm or deny that what he said was okay to say?
00:18:02.000So it's possible that our allies could look at that and they could say, well, he may not think it's a problem, but I think it's a problem.
00:18:06.000I'm never giving Trump classified information again.
00:18:09.000There was a report from earlier this year that the Israelis had stopped giving Trump classified information because they were afraid that Trump was just going to spill it on the record somewhere.
00:18:25.000Because it goes to character, and President Trump is having a problem of character inside his administration.
00:18:30.000He's having a problem of character inside his administration, and he's undermining people inside his administration whose credibility he needs to uphold.
00:18:38.000He needs to uphold McMaster's credibility, and it doesn't look good when McMaster comes out last night, says the story is false, and then the next day comes back and says, well,
00:18:44.000I really said that most of the story was false, you know, the parts that weren't there, but it's kind of true, but it's not a big deal.
00:18:50.000This is the same thing that happened last week, if you recall, all the way back to last week.
00:19:20.000And the reason that this is a problem is because if you don't have credibility with the American people, then you're going to have a hard time pushing legislation.
00:19:26.000You're going to have a hard time wooing allies.
00:19:28.000You're going to have a hard time doing the things the president actually needs to do.
00:19:32.000You're also going to be undercutting your case for how careful you are about classified information.
00:19:36.000So, I mean, the left is having a field day with this, of course, and you knew they were.
00:20:54.000The same people on the right who are buying the Seth Rich story hook, line, and sinker, which we don't have verified yet, are saying this is all fake news now even though Trump has already sort of confirmed it.
00:21:02.000And conversely, people on the left who are dismissing the Seth Rich stuff are immediately buying everything about this story before anything has sort of been confirmed.
00:21:10.000The confirmation bias in the news is extraordinarily strong.
00:21:12.000There's more information that the Washington Post story is true at this point, because Trump has quasi-confirmed it and so has McMaster, than there is that the Seth Rich story is true, but I would just like to point out the inconsistency that everybody seems to be suffering from in evaluating these stories.
00:21:25.000Anonymous sources are anonymous sources until there's confirmation.
00:21:31.000But the leak is not actually the story, and you don't get to say that the leak is the big story if you spent the entire campaign saying that WikiLeaks was not the story, it was the content of the WikiLeaks that actually mattered.
00:21:41.000This is really not good stuff, but I want to talk a little bit more about how Trump can fix this, because it's actually really easy to fix if you would just listen and stop.
00:21:49.000And we'll talk about Democratic overreach, plus we have to deconstruct some culture.
00:21:53.000But for this, listen, guys, you know, I wish every day I could come on here and talk about the great stuff Trump is doing, but he needs to do good things in order for me to talk about it.
00:22:00.000So, again, I just hope and pray that he does.
00:22:02.000For the rest of the podcast, go over to dailywire.com.
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