6⧸21⧸17 - What would America look like if... (Danielle DiMartino-Booth Joins Glenn)
Episode Stats
Length
1 hour and 52 minutes
Words per Minute
153.1005
Summary
Glenn and I discuss the Democratic failure in Georgia and what the party is going to do from here. We also talk about the health care debate and why we should have a debate on that too. Glenn and I talk about why the Democratic Party needs to go one of two ways.
Transcript
00:00:11.740
It didn't work out well for the Democrats in Georgia.
00:00:30.220
Yeah, they're going to take and just spend a few dollars to make sure that they can show America what's coming.
00:00:39.160
I think they showed America last night that possibly the only person more unpopular than Donald Trump is, so I don't know, anyone in the Democratic Party.
00:01:24.020
Kansas, Montana, South Carolina, and now Georgia.
00:01:39.000
They're either going to get away from the Nancy Pelosi's of the world, and they're going to get away from the Bernie Sanders of the world, and they're going to see that America does not want that.
00:01:49.860
Or they are going to go hard core to the Bernie Sanders of the world, and that's what I think they probably will do.
00:01:58.540
The Democrats were going for a moderate approach, if you will.
00:02:08.640
Hey, we're just like you, and we're moderate, and we just think some of these things are crazy, but we're going to fix all of these things.
00:02:17.180
And the Republicans just held up a sign with Nancy Pelosi's face.
00:02:25.880
If you would have been there during that time period, they made it seem like Jim Forte was running against Nancy Pelosi.
00:02:35.980
Well, Nancy Pelosi is, it's not a personal thing for Nancy Pelosi.
00:02:41.180
I mean, it's what the Republicans did, or what the Democrats did with Newt Gingrich after Newt Gingrich became unpopular.
00:02:50.220
For a while, Newt Gingrich was very popular because he made the contract with America, and America was saying at the time, I want some things done.
00:03:03.020
He did the opposite of what the Republicans are doing now.
00:03:17.180
We're going to do these things, and then actually do them.
00:03:22.860
What they, what, what happened to Newt Gingrich was they started to see Newt Gingrich, the country started to see Newt Gingrich as kind of this slimy guy that's just in there and kind of, you know, back of the room, fixing deals, et cetera, et cetera.
00:03:43.220
And so then they were, then America was prepared to see Newt Gingrich in a different light.
00:03:51.520
Well, that's how people see Nancy Pelosi, not as a fighter, but somebody who said, we're going to pole vault, we're going to do whatever we have to do to get this done.
00:03:59.300
Well, I warn the Republicans, the way they're doing health care right now is worse, and this is saying something, is worse than the way Nancy Pelosi and Barack Obama did the health care bill.
00:04:18.540
They were asked yesterday to do a soft vote, and none of them, he had even, not only just read the bill, the bill hadn't even been finished.
00:04:45.860
You can't, but you could bet, I think though, you could say, I think pretty fairly, like, here's the general way we're going.
00:04:54.740
That's an okay conversation to have at this point.
00:04:57.720
You know, here's the basic things we're going to put in the bill.
00:05:01.060
I think that's a fair temperature taking at this point.
00:05:03.340
But we were also saying at the time, we're the group of people who said, look, it's not right to say American people are going to have to pass the bill to see what's in the bill.
00:05:20.260
I think the line here on the health care thing, which is, by the way, I think the most probably if you if you want to take one thing out of this Georgia election, probably it protects the health care process and the tax reform process.
00:05:35.980
Because if they were to have lost this election, Republicans, they would have all been running from every single bill.
00:05:43.920
I don't know that it does anything for 2018 or 2020.
00:05:49.260
I think it will actually do something for 2018 in this regard.
00:05:54.360
It will show them that no matter how much money they spent, it's not going to matter if your message is wrong.
00:06:04.440
And, you know, I don't trust their divining rod.
00:06:07.760
I don't think they they don't have any idea why their message is wrong.
00:06:12.440
Yeah, it's and I think that's I think that's definitely part of it.
00:06:16.520
It's there's an argument to be made, too, that they put so much attention on this.
00:06:21.800
They put so much money and focus this and made such a big deal about this election that there were that more Republicans showed up.
00:06:28.480
For example, they were much more heavily favored and there was no real conversation about South Carolina, which wound up being closer yesterday.
00:06:39.080
But I think with the health care bill, if they if they're now going to continue to pursue it, which would be interesting.
00:06:47.180
I don't like the way they've gone so far, but they have to have some level of conversation to form something.
00:06:52.360
So it's not just being picked apart in the press every single step.
00:06:56.740
I don't think that initial negotiation needs to be like you need to come up with something to talk about a debate.
00:07:02.640
But what they're what they're saying they're going to do now is keep it under wraps until they pass it.
00:07:09.380
Because they don't want anybody picking it apart.
00:07:22.360
I mean, I think you could look at it and you say, hey, they're four.
00:07:25.660
You know, hey, this, you know, they're not having negative effects.
00:07:27.880
And in every case, they made it about Trump, not the person who was really running.
00:07:32.180
So they make it out to be like, OK, this is another big Trump test.
00:07:35.320
And you're going to see just how unpopular this guy is.
00:07:38.440
And the Republicans have won every single time.
00:07:41.940
And I think that's really backfiring big time on him.
00:07:44.800
Although I think you could look at the data a couple of different ways here.
00:08:04.260
It's still impressive, though, when you when you take into account what's happening, just how negative they've been.
00:08:10.160
And just how low, just how low Donald Trump's numbers are as well.
00:08:19.480
The the lackluster, you know, performance by the GOP itself, the the the the problems the president has created and the problems that have been created by the press.
00:08:37.940
When you couple all of those things together, we would have all said, you know, two years ago, if any other president, let me put it this way.
00:08:47.640
If any other president would be going through right or wrong, what this president is going through.
00:08:54.140
I think only Ronald Reagan could have weathered it.
00:09:02.780
But I think the point of this, though, is these are heavily favored GOP districts that are getting kind of close.
00:09:19.960
Right. But I mean, that's that's kind of the point here, though.
00:09:23.960
But like if you're answering the like, well, hey, you know, it was really Republican and now it's not quite as Republican.
00:09:30.180
But the reason for that is because things aren't so great for the president or things aren't so great in today.
00:09:35.860
You know, the point of that, that's the that's that's what the point people are making on this.
00:09:39.860
But you could read it. I'm trying to read also.
00:09:42.620
I agree with you that the GOP is in trouble if the DNC gets their act together, which I don't see happening.
00:10:03.100
I believe they are in worse shape now themselves.
00:10:14.540
The Democrats are frauds to people who actually believe in Bernie Sanders.
00:10:21.320
So that that that that coalition that the Democrats tried to build is as weak as the coalition in the GOP as real, true, diehard, small government constitutionalists.
00:10:37.100
Constitutional, conservative libertarians, the people who lean there, they don't look at the GOP as their savior.
00:10:53.480
We're just not hearing that highlighted all the time on television because they don't want to talk about that.
00:11:10.760
If the GOP gets his act, whichever one gets their act together.
00:11:14.720
Otherwise, may I suggest the winning strategy in 18 is is more like what they did in France.
00:11:30.480
And it may be the winning strategy in 2020 if it's not just a clear cut win for Donald Trump.
00:11:37.500
What happened in France and I hope we're smarter than this, but maybe not.
00:11:46.020
OK, Macron was was he was you know, he was like a Democrat.
00:12:00.420
I'm my own independent because they're part of the party he won with has only been around for like a year.
00:12:06.280
Right. And what happened was he convinced people that both sides were ridiculous, even though he was in the party.
00:12:18.240
It's who's the guy from Utah that we considered voting for.
00:12:32.800
And you were like, but you were just in the party.
00:12:37.260
I mean, you're saying a lot of good things, but I'm not sure you're not still part of the party.
00:12:42.280
You're just kind of hedging your bet for the party's sake.
00:12:46.900
And I don't mean to describe, you know, such nefarious principles to McMullin because I like him.
00:12:54.540
But that's what that's really what happened in France.
00:12:57.640
And then they started to build a coalition in the center.
00:13:06.420
And I don't think it's going to work in France, you know, long term.
00:13:09.360
It's not going to actually solve anything in France.
00:13:18.000
If you're looking to be if you're looking to play politics, the real winning strategy is actually stand for something.
00:13:27.160
Actually be a Marxist and run on a Marxist socialist platform or actually be a constitutionalist and run as a constitutionalist.
00:13:46.140
You see the video of the neighbors taking down a burglar in New Mexico?
00:13:54.400
And thanks to some motion sensors, he was he was alerted.
00:13:59.700
He, you know, the owner of the SimpliSafe was alerted.
00:14:05.120
He calls some friends who took down the burglar before the police could get there.
00:14:11.300
I remember my grandfather and my uncle did that.
00:14:16.480
I remember them with their rifles walking this burglar down the center of their small little street to meet the police officer as they were coming around the corner.
00:14:27.980
Because they knew somebody was breaking into a house and they all ran and got the guy.
00:14:33.400
And I remember walking behind going, my grandpa is a hero.
00:14:43.100
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00:14:46.340
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00:14:51.320
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00:14:54.040
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00:14:58.220
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00:15:10.800
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00:15:17.020
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00:15:28.920
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00:15:44.340
Here is the, was this the acceptance speech or was this the losing speech?
00:15:53.180
Here's what happened in Georgia last night with the Democrat who lost.
00:16:05.420
This small community in Georgia, which has become the epicenter of politics, sometimes
00:16:16.380
to my chagrin, for months now, and it's had nothing to do with me.
00:16:31.600
It's about, it's about an extraordinary community at an extraordinary moment in history.
00:16:40.460
The first opportunity in this country to make a statement about values that can still unite
00:16:50.100
Wait, wait, wait, wait, did you win or did you lose?
00:16:59.060
At a time when politics has been dominated by fear and hatred and scapegoating and division,
00:17:10.840
this community stood up, women in this community stood up, women in this community stood up.
00:17:24.440
And you picked this campaign up and you picked me up and you picked Alicia up and you carried
00:17:31.480
And you took us all the way to a humiliating defeat.
00:17:45.560
And it's funny because, I mean, it does say something about this tactic because, you know,
00:17:49.060
we could go through all the races, but it's the only race they did not improve on dramatically
00:17:57.900
Only this one is the only one they didn't actually gain any ground.
00:18:01.920
It's amazing, they spent, what, tens of millions of dollars to win this one race.
00:18:12.140
I think we are so aware of the games that are played.
00:18:19.660
Well, I mean, look at the presidential race, right?
00:18:21.420
I mean, obviously Trump got a lot of free media, but I mean, he spent nothing even close
00:18:31.100
And they got a slight discount on one of the trips for $1.97.
00:18:50.740
There's a great article today in National Review about we need to go back and listen to some
00:19:01.300
And there are three farewell addresses that I personally, and I was so happy to see the National Review pick the same three.
00:19:10.540
Three farewell addresses from presidents that if we would have heeded just these three, we wouldn't be in the trouble we're in now.
00:19:22.840
And George Washington warned us about these two parties and becoming patriotic and having loyalty to the parties.
00:19:37.020
He said that will kill us in the end as long as well as foreign entanglements, which we've done.
00:19:47.940
His farewell address was the military-industrial complex.
00:19:51.920
If we don't watch what's happening with the Pentagon and the military, they are going to get us involved in everything and will spend us into oblivion and cause all kinds of foreign entanglements.
00:20:05.680
And then the third one, I'll give that one to you and play a bit of it next.
00:20:30.660
Coming up in about a half an hour, I am going to share something with you.
00:20:34.760
I asked some people in the House and the Senate.
00:20:45.400
What do you think would have happened to the economy if a week ago everybody on that baseball diamond had been shot and killed?
00:20:58.400
If we were a nation in mourning today and we were just finishing up the last funeral, the last flag-draped coffin, what would America look like today, a week later?
00:21:21.440
I think except for Brad Thor, who was really like, I don't care.
00:21:25.080
So I'm not going to tell you who said what, and this is pure fiction, pure speculation.
00:21:36.300
The reason why I'm doing it is because I don't think that we have any idea how fragile, how close to the edge we really are, and how one big event can change everything.
00:21:54.140
Now, I didn't tell these guys what my speculation was.
00:22:18.500
What would happen over in Europe and the Middle East?
00:22:20.800
I just asked a series of questions and let them fill in the blanks.
00:22:27.380
I'm going to give you their scenario, the composite scenario of what we would be looking at at America today had we spent the last week burying congressmen and senators.
00:22:48.260
There is also another story today that I want to hit from National Review.
00:22:58.900
But one of them is on the advice of presidents.
00:23:06.460
When they give a farewell address, George Washington was obviously the first to give one.
00:23:18.880
And then instead of delivering it in a speech, he just sent it to the newspapers.
00:23:26.300
And it used to be that you used to have to study his farewell address.
00:23:34.760
There were three documents that you had to study.
00:23:36.800
One of them was his farewell address, Constitution, Declaration of Independence.
00:23:42.120
And up until about 1920, his farewell address was studied by every generation.
00:23:48.960
You couldn't pass the eighth grade unless you knew it.
00:23:53.520
Most people have never even read it, let alone heard of it.
00:23:57.320
It's one of the best documents in American history because it is alive today.
00:24:07.400
The other one that I think is really, really important and National Review agrees,
00:24:14.100
that is the address that I think is the last risky yet totally honest warning any president has ever given us.
00:24:32.280
Eisenhower's farewell address is where we get the term the vast military-industrial complex.
00:24:40.400
Here's a guy who was the winning general of World War II.
00:24:46.320
Here is the commander of all Allied forces in World War II.
00:24:58.300
And he saw a change in the 1950s because of the Cold War.
00:25:03.520
And he realized we're not going to descale or de-escalate.
00:25:08.800
Up until World War II and then Korea in the 1950s, we would call an army together and we would go fight.
00:25:19.680
But our army before World War II, they were literally training with broomsticks.
00:25:27.440
People would bring their own guns from home to train with.
00:25:37.720
And so we would call people together and say, hey, there's a war coming.
00:25:44.920
In the 1950s, the world changed because of nuclear war.
00:25:48.660
And we realized we could all be dead in 12 minutes.
00:25:53.780
We have to now have nuclear weapons at the ready.
00:25:58.120
So if we have that, we have to have a standing military.
00:26:00.920
We have to have a military-industrial complex that is building and researching the latest technology to be able to do things.
00:26:13.440
In his farewell address, he said, warning, America.
00:26:19.960
We no longer are going to send these people home to the private sector.
00:26:26.800
And as everything, unless you keep your eye on them, they are going to grow in power.
00:26:35.700
And before you know it, they could be leading us around on a leash.
00:26:39.840
Now, here's a general saying, beware of a military-industrial complex.
00:26:47.240
Beware of the collusion between the military and the capitalist companies that are going to get rich off of those military sales.
00:26:56.840
Extraordinarily brave and one that only kooks have listened to.
00:27:05.100
Have you noticed that the vast military-industrial complex was a joke for most of our life?
00:27:16.620
I think that is people in the military-industrial complex helping that in to be a joke.
00:27:21.900
Oh, I know you've got to be careful of the black helicopters.
00:27:30.300
As George Washington said, only those with a healthy respect for fire and what it is and what it does and how out of control it can be should be tending the fire.
00:27:44.140
If you don't have a healthy respect for what capitalism and the military can do, you shouldn't be tending to it.
00:27:56.840
One other speech that I think was misunderstood.
00:28:01.620
And we were so fat and sassy at the time that I don't think anybody really listened to it.
00:28:10.840
Finally, there is a great tradition of warnings in presidential farewells.
00:28:23.980
And I've got one that's been on my mind for some time.
00:28:28.260
But oddly enough, it starts with one of the things I'm proudest of in the past eight years.
00:28:33.360
The resurgence of national pride that I called the new patriotism.
00:28:38.960
This national feeling is good, but it won't count for much and it won't last unless it's grounded in thoughtfulness and knowledge.
00:28:50.820
National pride is good, but it doesn't count for anything unless it is grounded in kindness and knowledge.
00:29:03.180
I contend we have neither of those right now on any side.
00:29:11.840
That our national dialogue is not grounded in knowledge.
00:29:16.020
Who are you hearing talk about the real issues, the ones that face you, and talk about real solutions?
00:29:26.300
Who are you hearing talk about real solution with kindness and with knowledge?
00:29:33.240
How many of us are responding back with knowledge or kindness?
00:29:42.280
Ronald Reagan said it won't account for much unless it's coupled with those two.
00:29:51.360
And are we doing a good enough job teaching our children what America is and what she represents in the long history of the world?
00:30:05.960
Are we doing a good enough job of teaching our children the history of America?
00:30:21.940
And if I were a parent in 2000, I'd say, well, kind of, pretty much.
00:30:26.100
If I were a parent in 2008, I would say, well, it's kind of bad.
00:30:31.260
If I'm a parent in 2017, I'm like, look at the failure.
00:30:46.920
In, what is it, 90% of colleges nationwide and not be required to take any American history.
00:31:03.340
How can you have your degree in world history and not have to take any American history?
00:31:24.800
You might be a historian on Asia and the Middle East, but that's only part of the world.
00:31:33.860
Of us who are over 35 or so years of age grew up in a different America.
00:31:39.400
We were taught very directly what it means to be an American.
00:31:43.020
And we absorbed almost in the air a love of country and an appreciation of its institutions.
00:31:48.780
If you didn't get these things from your family, you got them from the neighborhood,
00:31:53.740
from the father down the street who fought in Korea, or the family who lost someone at Anzio.
00:31:59.620
Or you can get a sense of patriotism from school.
00:32:03.280
And if all else failed, you could get a sense of patriotism from the popular culture.
00:32:18.740
And he's saying, we used to have this in popular culture.
00:32:23.180
Go back in popular culture in 1989, and it's practically Uncle Sam.
00:32:29.000
Everybody's almost in Uncle Sam pants compared to now.
00:32:37.340
When you go back and watch it, you can't believe how excited they are.
00:32:40.000
We were talking about this the other day of, like, when they're saying, wait a minute, you don't want to go into the private sector.
00:32:55.900
Remember, entertainment creates culture, but culture creates values.
00:33:04.620
Our culture was creating values that were good, kind, gentle, strong, American.
00:33:25.380
What are the values that are being mined and minted right now in our culture?
00:33:30.460
They are not what we grew up with, and he was my president when I was a teenager.
00:33:39.100
...obrated democratic values and implicitly reinforced the idea that America was special.
00:33:48.820
But now we're about to enter the 90s, and some things have changed.
00:33:53.800
Younger parents aren't sure that an unambivalent appreciation of America
00:34:01.520
And as for those who create the popular culture,
00:34:04.620
well-grounded patriotism is no longer the style.
00:34:08.240
Our spirit is back, but we haven't reinstitutionalized it.
00:34:13.000
We've got to do a better job of getting across that America is freedom.
00:34:28.520
So we've got to teach history based not on what's in fashion, but what's important.
00:34:41.500
You know, four years ago, on the 40th anniversary of D-Day,
00:34:45.360
I read a letter from a young woman writing to her late father,
00:34:53.620
And she said, we will always remember, we will never forget what the boys of Normandy did.
00:35:03.980
And it's an amazing call to arms and one that needs to be heard again and one to be answered.
00:35:12.080
And I want to bring you along for a ride that we're going to take because we are going to answer that call in a different way.
00:35:28.640
He was transferred to a new base at the same time the market collapsed and they began to sell their Michigan home.
00:35:36.860
And so he was blessed for a few years with good renters.
00:35:41.500
Joe and Kathleen now have decided to try to sell their house again in 2015.
00:35:48.360
And then he decided, you know what, I'm going to try realestateagentsitrust.com.
00:35:52.820
He received, he went to the website, got a call from an agent within two minutes.
00:35:56.920
They're now living in Missouri, trying to sell a home 500 miles away.
00:36:00.580
Not ideal, but the agent took care of everything.
00:36:03.320
Five days, they got an offer, $2,100 over their asking price.
00:36:09.200
You want to sell your home on time and for the most money?
00:36:16.180
Find a great real estate agent that will help you.
00:36:35.500
It's really amazing how fast the world is moving now.
00:37:05.040
How fast you can fall in today's world is truly remarkable.
00:37:45.960
We had another brush with a Russian jet yesterday.
00:37:49.900
Um, the Brussels bomb suspect was Moroccan and known to police.
00:37:56.880
It looks like the, uh, shooter in Washington, according to police breaking now, uh, acted alone
00:38:09.760
His idea was to terrorize, uh, intimidate, cause a revolution, uh, and, um, oh, I don't
00:38:20.200
So, I don't know how we say he wasn't a, uh, part of a terrorist operation.
00:38:28.240
But this was a terroristic act and an act of assassination and an act that could have
00:38:35.580
changed the country and the world possibly forever.
00:38:42.840
Now, that's quite an amazing statement to make.
00:38:46.120
But as the country begins to discuss who he is and here's the information the police have,
00:38:52.180
I want to take a look back seven days ago today and look at what happened on the baseball diamond
00:39:22.180
It was exactly one week ago that James T. Hodgkinson opened fire on 30 Republican congressmen
00:39:42.400
as they practice for a charity baseball game in Virginia.
00:39:45.820
Witnesses say, and police now confirm, 50 to 100 shots were fired.
00:39:54.400
It took nine minutes for the police to officially respond, after which they engaged Hodgkinson in
00:40:05.480
That means the assassin had 14 total minutes to get off as many shots as possible.
00:40:14.000
And anyone could see the Republicans were sitting ducks.
00:40:20.720
In the end, after between 50 and 100 shots, 14 minutes and 30 targets, only five people were
00:40:33.500
Only one of them was injured critically and is recovering.
00:40:39.180
We know that the majority house whip, Steve Calise, went under the knife several times, had multiple
00:40:51.340
surgeries over the weekend, but his condition has now been upgraded from critical to severe.
00:40:56.680
And if it wasn't for the truly heroic actions of two Capitol Police officers who were there in
00:41:07.280
the security detail, all of this would have been much, much worse.
00:41:16.220
In fact, we spent a week talking about, wow, how lucky these congressmen were, how lucky they
00:41:27.400
all were to have the security there, to be able to minimize the damage that was received.
00:41:42.580
How do you explain how a shooter with two guns, who fired 50 to 100 rounds, firing 14 minutes
00:41:54.500
into a crowd of 30 people, not only didn't kill anyone, but only managed to injure five people.
00:42:03.460
We know now that the act was premeditated a week ago.
00:42:09.180
We didn't know if this guy just walked up and said to a congressman, hey, are these Republicans
00:42:21.720
We know that he was an assassin because he had a list of all of the Republicans he was planning
00:42:27.500
on killing, the planning alone, the level of planning that was involved.
00:42:38.280
He was willing to give his life to kill as many Republican congressmen as he could.
00:42:46.760
Now, to answer this, I wanted to come up with a way to show you what I think we need to imagine here.
00:43:05.480
We need to see in our mind's eye what the world would be like today, a week later, as we were
00:43:17.900
What would our country look like during the next hours, the next few days, and the next weeks?
00:43:26.380
What would be happening today if he would have been successful in taking out 30 Republican congressmen?
00:43:36.400
Over the weekend, I reached out to security experts.
00:43:38.980
I wrote out to a few fiction writers, a few business people, some actual lawmakers, some
00:43:46.060
senators, some congressmen, and I said, look, I'm not asking you to tell me exactly.
00:43:56.620
Knowing the situation and your area of expertise, what do you think would have happened
00:44:07.360
I have taken them and folded them all into one cohesive storyline to show you what these
00:44:16.280
many experts all believe in their area of expertise would have happened.
00:44:21.220
The next day, a week from tomorrow, the opening bell, or a week last Thursday, the opening bell
00:44:37.860
for the New York Stock Exchange would be set to ring.
00:44:40.460
But the futures would be down so far that we probably would have closed it and waited until
00:44:56.000
So the stock exchange, just like it did on 9-11, we hold it until the following Monday
00:45:03.240
When we rang the bell Monday morning, we needed to have a rally in the stock market.
00:45:13.260
The president probably would have said, go spend money.
00:45:18.240
The futures would be way down, leading into the open as the rest of the world would believe
00:45:27.220
Within five minutes, experts tell me they think the New York Stock Exchange, the circuit
00:45:33.200
breakers would have been tripped, and the markets would have been shut down.
00:45:37.240
They would have tried to open those circuit breakers two more times to open the markets,
00:45:41.640
only to have even bigger drops as people all rushed in to get out of the stock market.
00:45:47.320
They would have then announced some Orwellian week of mourning that was going to be announced,
00:45:53.680
would give the markets a chance to remain closed until the following week.
00:45:58.100
Behind the scenes, the Federal Reserve would enact massive, highly secretive futures manipulation
00:46:09.700
This is what has happened before the Great Depression.
00:46:13.620
They get everybody who has big money and say, you have to get in on these futures.
00:46:18.660
As the markets remained closed, the dollar would go into a free fall.
00:46:23.940
Countries owning large amounts of U.S. debt would begin to contemplate dumping their sovereign funds
00:46:33.000
In the end, we believe they would decide to wait and see if things would worsen for the United States
00:46:43.280
In response, the violent leftists, such as Antifa, would take their movements to an entirely new level.
00:46:50.580
Far-right counter-protests would engage them in the streets.
00:46:54.900
And this would happen in most major metropolitan areas of the country.
00:46:59.560
But the rest of the country would be frightened watching it and not know what to do.
00:47:05.020
Then copycat attacks would begin on more local and federal lawmakers.
00:47:13.280
Congress would then go into action to decide we need to update the Patriot Act,
00:47:19.520
a new Patriot Act-style law that would enable the NSA to go after Americans planning riots and attacks.
00:47:27.300
Hate speech laws would crack down on Facebook and Twitter.
00:47:31.240
The American president would make a speech calling for quick action.
00:47:36.080
We need to act right now on health care reform, tax reform, and the balance of the Trump agenda.
00:47:42.060
We need to send a message to the country and to those who oppose that the Donald J.
00:47:51.220
We also need to provide security detail for every member of Congress and or a concealed carry permit for every member of Congress.
00:47:59.620
Special elections would be called to replace the 30 congressmen that were killed so all the legislation could be fast-tracked.
00:48:11.400
Polling areas would be threatened with firebombing if they opened as scheduled.
00:48:15.220
Martial law would be declared to ensure peaceful elections.
00:48:19.420
Countries such as China, Brazil, and India, all the BRICS nations, would see their chance and begin dumping U.S. sovereign funds.
00:48:28.440
Worst case scenario, the dollar would nosedive.
00:48:32.620
Martial law would stay in effect until the economy would stabilize.
00:48:36.640
Our enemies abroad would look to capitalize on our weakness and the preoccupation with our internal problems.
00:48:54.000
This, the experts that I went to, all agreed would happen in the first month.
00:49:02.800
Some have said that if Hodgkin's would have been successful, it would have created the largest social and political shift in modern history.
00:49:14.040
But in 14 minutes, with two guns, 50 to 100 shots, a plan, rehearsal in the woods, a kill list, how was it he was only able to shoot and hit five people and not kill any of them?
00:49:38.560
We were at the doorstep to what could have been the largest flashpoint in our nation's history.
00:50:04.480
What we were all talking about last week, and we were all saying we have to have more tolerance for one each other.
00:50:26.080
Perhaps those Capitol Police officers, this was the day they were born to live.
00:50:40.760
Perhaps the flight paths of the bullets were changed.
00:50:45.360
More likely, vision and fear was intensified in him as he squeezed the trigger.
00:50:52.900
But I believe, just as much as I did in the American Revolution, it was God that made that happen.
00:51:03.100
I believe in many ways, as Thomas Jefferson said,
00:51:08.400
when I realized that God is just, I tremble for my country because we wouldn't stop slavery.
00:51:13.920
We were not worthy of his divine protection while we were enslaving people.
00:51:23.760
We're not really worthy of his divine providence and protection now.
00:51:29.400
But for some reason, I am very grateful that he gave it to us last week
00:51:37.060
after looking at what could have been happening today.
00:51:41.760
I'll thank My Patriot Supply for sponsoring this segment.
00:51:48.120
My Patriot Supply knows that information is critical to preparation.
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You're not prepared unless you have information.
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You're not prepared unless you really understand
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how close we are to being each of us two paychecks away
00:52:14.940
and being at the mercy of the government or somebody else.
00:52:23.780
My Patriot Supply knows that a lot of your friends, you know,
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have said, well, you know, it's no big deal that you know the truth,
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that things really haven't fundamentally changed.
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but until you've done the hard lifting, you haven't really prepared.
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My Patriot Supply was started with people who want an inexpensive way
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that is good, nutritious, and will last for 25 years,
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a good way to be able to make sure their family has food on the table
00:53:42.780
She's a former financial columnist at the Dallas Morning News.
00:53:47.680
She was nine years as the advisor to the Fed chief here
00:53:53.260
in the Federal Reserve in Dallas, Richard Fisher,
00:53:58.380
He was one of the only real guys fighting people like Janet Yellen.
00:54:03.920
She now runs Money Strong, an economic advising firm.
00:54:09.720
And she's coming back on with us here next hour.
00:54:12.820
She's going to talk a little bit about, you know, the Fed raised the interest rate.
00:54:18.620
And she told us last time she was here, she said, you know,
00:54:21.940
the thing that I'm really watching are auto sales and the defaults on auto loans.
00:54:30.440
And she said, we're very close to defaults on auto loans.
00:54:34.760
And she said, that's the real test because that's where people are the closest.
00:54:41.820
When you, you know, you're fighting to make ends meet, you got to have your car.
00:54:48.500
If you start to see a lot of defaults on auto loans and a decrease in sales,
00:54:53.460
what's going to happen is now you're starting to throw GM and all the car makers
00:55:04.240
And she said that to her, that is the tip of the iceberg that she's been watching.
00:55:16.540
She also said there's a new survey out that shows Americans think that this is the worst time
00:55:30.360
Everyone thinks it's a bad time to buy a house.
00:55:40.080
That's an interesting conversation we're having.
00:55:49.760
No, what Americans are saying now, now think of this, because Americans are always, we
00:55:55.900
When things get hot, that's when Americans say, I got to buy a house.
00:56:01.020
When they're at the bottom, that's not what Americans say to buy a house.
00:56:06.020
And this is only the second time that Americans have ever said, no, you don't want to buy a
00:56:13.540
Oh, you look at the housing indexes, which is one of the things you used a lot.
00:56:18.600
The Case-Shiller and others that you used a lot when you were predicting the first housing
00:56:23.580
And you'll see that actually they're quite a bit higher than they were, you know, when
00:56:30.600
Meaning that maybe we're even more inflated than that time, because that's why I'm buying
00:56:36.380
You know, you get in there, guys, how many times have you heard it?
00:56:41.360
That's what most Americans are now saying, this is the time to sell, not the time to buy.
00:56:47.320
So I don't, I actually, my particular opinion is never is the time to buy.
00:57:00.680
I've been like, I can't tell you how many times I thought, you know, perhaps Stu is
00:57:08.180
I mean, you know, look, circumstances push you into things that you don't want to do
00:57:17.220
Also, the minimum hourly wage now that you would need to make just to pay for your apartment
00:57:34.560
San Francisco, the minimum hourly wage required just to afford housing is $58 and four cents.
00:58:13.300
They don't have all that money in the lottery sitting there?
00:58:22.240
That's why I wouldn't have ever taken it in a lump sum.
00:58:32.500
And there's also a new trend called try parenting.
00:58:51.160
Bonner Bianchi, who's now 17, said her parents are just like anybody else.
00:58:57.540
The big picture is you just have more people there to support you.
00:59:07.080
Shumway likes how try parenting has worked out so far.
00:59:14.800
This is a story that could never have been written in any other time period in the history of the world except right now.
00:59:27.860
You know, something we didn't hit yesterday that I wish we would have is the sad news about Carrie Fisher and her autopsy.
00:59:43.660
When you see the description of what she had in her system, it doesn't seem like sleep apnea.
00:59:49.160
I mean, you know, I hate to go out on a limb there.
01:00:03.900
Unfortunately, Pat has claustrophobia also really bad that he can't wear any of the masks or anything else, which they have changed a lot, by the way.
01:00:15.260
If you were to have a little heroin in your system, that might affect your sleep apnea as well.
01:00:36.080
She is like walking into a street version of Walgreens.
01:00:42.780
She had a prescription for Prozac, so she had a little bit of that in her.
01:00:52.820
It might be easier to list the drugs that were not.
01:00:57.920
She didn't have a prescription for those, so she just, you know, friend gave her some of those.
01:01:00.780
Did she have a prescription for the heroin and cocaine?
01:01:22.160
I mean, we're supposed to take it without drinking.
01:01:25.940
You're supposed to take it without drinking something?
01:01:26.560
You shouldn't drink alcohol with the heroin, the cocaine, the ecstasy.
01:01:42.580
I don't know, but I mean, that cocktail is like, that's what was getting her through
01:01:49.120
All the prescription drugs and the other little drugs.
01:01:52.060
I mean, she wasn't, if that's in her system and the heroin was, they couldn't tell how much
01:01:56.760
was in because the family had, didn't want them to get a full toxicology report.
01:02:05.360
So, you know, some of the drugs were, they were saying maybe three days old or something,
01:02:10.200
you know, in her system, had been in her system for three days.
01:02:12.760
So that was just what was getting her through the day.
01:02:15.960
My understanding too is that she, there's a lot of stress in her life because she was
01:02:19.580
leaving the whole Star Wars thing to go sell facial cream.
01:02:29.000
They were going into business together in the facial cream industry.
01:02:36.280
You know, let me, let me let you in on the joke here that Stu just, Stu just told.
01:02:46.120
Sunday, I click onto the blaze and I'm reading a story and it's a story where it says, these
01:02:55.580
And, and I'm reading this story and I'm like, oh, wow, that's great.
01:03:02.400
And then right in between it says, uh, like, uh, uh, breaking or something like that.
01:03:23.240
And so it said, yeah, it says sponsored content.
01:03:27.540
Uh, well, um, uh, let's just say that, um, uh, as the owner, uh, of the blaze and somebody
01:03:34.720
who is now getting more involved with the blaze, uh, I wasn't happy to see that sponsor content.
01:03:44.040
I mean, I, uh, first of all, I could not believe it was true.
01:03:47.940
If you don't, if you don't know Joanna Gaines, she's, uh, part of fixer upper on HGTV.
01:03:55.280
And she's this couple, uh, chip and Joanna Gaines, you know?
01:03:59.220
And it said, you know, the story was, the story was written in such a way that chip was
01:04:02.960
fine with her moving on, you know, because she really has found herself.
01:04:09.580
How's the show going on with just chip and without Joanna?
01:04:15.440
And when you looked into it, as we both did the same day independently of, uh, I didn't
01:04:19.640
even, I didn't know you'd been looking into it and you find out there is zero truth to
01:04:28.160
And you go to her like, like zero, zero, not like kind of, or maybe rumor.
01:04:34.500
And, and this story is so prevalent on so many websites, the sponsored content from this
01:04:38.940
facial cream company, uh, that they have addressed it on their website.
01:04:43.440
And there've been numerous stories about her denial of it.
01:04:46.700
Uh, she was on the today show or someplace and said, it's absolutely a lie.
01:04:55.240
So I see this and then I go to their website and I'm like, she's not leaving.
01:04:59.880
Cause it says she's leaving to sell this facial cream, which I think.
01:05:06.460
I mean, you would jump right into the facial cream industry if you're only making five or
01:05:11.020
See, I didn't believe that, but I thought there was a possibility that she was leaving
01:05:15.420
and maybe she's going to help promote this, but that's not why she's leaving.
01:05:31.940
Um, and so, so, um, when I get in on Monday, I call up cause it was actually on the blaze
01:05:39.400
it was on the blaze content and it was unbelievable.
01:05:42.340
And so I, uh, I went to our sales department and, uh, I said, Omar, who is great.
01:05:50.420
I said, Omar, uh, and he said, chip and Joanna Gaines.
01:05:57.980
And as it turns out, you buy, um, uh, this, this, there's like this ad agency.
01:06:05.840
Um, uh, but this is, it's an ad service that all they do is they buy a place in mass on
01:06:17.280
They're not like actually being approved individually by the website.
01:06:19.980
And so they just fill that ad when it becomes available.
01:06:25.220
And so we apparently have gone to this place several times going, uh, no, not to run.
01:06:32.880
And what they do is they just take that one out and then they just replace it with another
01:06:38.800
And I think it's somewhat related that says, uh, LeBron James and Michael Jordan have this,
01:06:49.420
There was one about Anderson Cooper and Stephen Hawking taking this drug that enhances your
01:07:04.820
And so this ad company just, just, so we called and, and, and Omar said, okay, um, we
01:07:13.500
can drop it, but they're just going to replace it with another one.
01:07:15.640
And I'm like, well, no, I mean, you talk to them, right?
01:07:19.100
I mean, you told them that that was absolutely not true.
01:07:35.240
So Omar, so he calls me up later in the afternoon.
01:07:43.400
So, um, called them back and, and, uh, he wrote to me later in the afternoon and he
01:07:53.420
We're not allowing them to buy anything ever again.
01:07:58.460
Um, and then I was stupid enough to say, how, how, how, how, how, how much did that just
01:08:21.000
Yeah, well you would have given the full picture.
01:08:22.680
Now, here's what I tell you that Carrie Fisher was selling face cream.
01:08:39.460
And it answered the question when I said they don't care.
01:08:44.000
Well, no, because most companies don't care either.
01:08:49.540
And I said, how can we possibly have any credibility if we're taking ads that we ourselves know
01:09:01.380
My credibility, even though I don't approve all the ads and everything else and we try to
01:09:05.940
do our best, but this kind of stuff, there are ads that are filled just automatically.
01:09:10.240
You leave that on the website, you're not even trying.
01:09:23.940
I mean, Omar, I have to share this email from him.
01:09:47.960
That's why I want you to know our sponsors, the ones that we, especially the ones we endorse,
01:09:54.420
but the ones that we know, like this radio show, there are ads that we sell and know.
01:10:00.340
And then the network just puts other ads, and then the local stations put other ads.
01:10:06.000
But our local stations and our network, you know, we know the credibility of our local stations.
01:10:12.080
So when somebody is selling an ad locally, you can trust that that ad is true.
01:10:18.900
Because we all know, me at this level, the stations at their level, the network at their level,
01:10:24.820
we may not know what each other are doing, but we're all trying to do the right thing.
01:10:29.920
So when you see an ad or you hear an ad, frequent those people.
01:10:34.860
Because this is one of the problems that conservatives have.
01:10:40.140
Because they have blocked us every step of the way from getting the American Airlines of the world,
01:10:46.460
because the left has boycotted and put us on no-buy lists,
01:10:50.080
we have fewer and fewer options available to us.
01:10:53.860
And because of that, many people, and we did for a while too, take ads like that.
01:11:05.280
But then you're left in the position of, well, what do you take?
01:11:10.700
That's why I think Bill O'Reilly is going into business for himself.
01:11:16.380
And that's why we appreciate your subscription at The Blaze.
01:11:20.580
Because your subscription helps us, you may never even watch the TV.
01:11:26.620
It helps us write stories and keep the doors open.
01:11:29.920
Sounds like there might be a little extra ad space too for somebody with legitimate products.
01:11:37.980
To me, Glenn, just sounds like someone who does not want the world to know about the true benefits of that facial cream.
01:11:43.620
Sounds like someone working for big beauty, big pharmaceuticals that wants to push down the truth.
01:11:52.740
Next hour, I wasn't going to say this now, but I'm going to just tease the announcement.
01:12:03.860
Our sponsor this half hour, the United States Consailed Carry Association.
01:12:07.940
They are the first and the largest organization dedicated to protecting responsible gun owners
01:12:13.440
before, during, and after a self-defense incident.
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That's why I'm a supporter and I'm proud to have them on.
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Also, because 4th of July is just a couple of weeks away,
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the USCCA is celebrating our forefathers and our Second Amendment with the Great American Giveaway.
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Five winners of $1,776 to buy the gun and the ammo of your choice.
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And while you're carrying a gun without protection,
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make sure you check out the protection that they have to offer.
01:13:29.520
I mean, we're just talking about this facial cream scam that is absolutely unbelievable.
01:13:43.800
No, he's getting into the facial cream industry.
01:13:47.920
Are you making that up or is that an ad they're running?
01:13:50.100
They're not running it yet, but I'm sure they will.
01:13:57.180
The number of people that they have done this to, and honestly, I wrote because a friend
01:14:04.000
of mine was involved in one of these facial cream things, and I wrote and I'm like, how
01:14:19.260
And they make this company so they can just shut it down, start something else, shut
01:14:23.640
it down, start something else, and think of the credibility that they are burning through.
01:14:29.200
They're burning through all of these people, these faces that you like or trust, they're
01:14:33.600
just burning them and their credibility, and people look at them and say, it's got to
01:14:44.560
And they are getting away with it, unless more people say, I'm not running those ads.
01:15:22.300
You have so much to worry about, trying to hang on to your job, trying to educate your
01:15:29.560
I don't know about you, but there are days that I just go, I get up in the morning, I'm
01:15:32.880
just like, my goal for today is just to make it back here to go back to bed.
01:15:45.620
We want to arm you with information so you can prepare yourself for what's coming, both
01:15:52.620
A lot of great things happening in the world of technology, a lot of great things on the
01:15:57.420
But there's also some really big bumps in the road as well.
01:16:00.540
We are thrilled to have back with us Danielle DiMartino Booth.
01:16:05.920
She's a woman who worked on Wall Street and then said, this is sickening, got out, started
01:16:14.540
Because the Fed here in Dallas, run by Richard Fisher, or was run by Richard Fisher at the
01:16:19.360
time, he was, I think, brilliant and one of the really good guys in the Fed.
01:16:25.540
And he saw her work and said, hey, she should come to work for here.
01:16:30.180
She was working for the Fed kind of in a lower position.
01:16:33.280
She was ringing the bell about 2008 and the collapse.
01:16:39.120
And the collapse happened and Richard Fisher said, you need to be my right hand man on
01:16:59.140
She'll describe what she's seeing in the last few weeks and last couple of months since we
01:17:40.220
Welcome to the program, Daniel DiMartino Booth.
01:17:47.780
The world is in a crazy place that we are just, we are, I mean, literally last week,
01:17:58.040
We have Syria and Russia this week with a downed Syrian jet that we took down.
01:18:05.520
And Russia said, oh yeah, by the way, we were, we're canceling our hotline.
01:18:10.980
And if you cross the Euphrates, we'll shoot you down.
01:18:15.840
We have North Korea with now three aircraft carriers.
01:18:19.420
And they just dumped basically this poor kid out of Cincinnati.
01:18:23.240
They just dumped a practically dead body on our doorstep.
01:18:29.720
Like a, you know, almost like a Don Corleone move, just saying, hey, here's, here's your
01:18:40.980
And, uh, and then last week, a shooting that could have changed the world.
01:18:45.360
I don't know if you heard last hour, but I presented a scenario.
01:18:57.340
I mean, there is something called the plunge protection team, uh, and it's dragged out
01:19:06.700
And, uh, you know, was that, was that a round or was one of the first times we did it in the
01:19:11.420
Cause I know the Rockefellers of the world, uh, the asters of the world kind of stepped to
01:19:16.680
the plate and said, I'm going to dump money in and, uh, we're, you're going to do it too.
01:19:22.400
Well, bear in mind before 1913 with the establishment of the federal reserve, when
01:19:27.260
there were economic calamities, somebody like JP Morgan would bring people together in his
01:19:32.540
parlor room and say, okay guys, we've got to write some checks here.
01:19:36.660
And that's why it was his realization that he was mortal that brought about the fed after
01:19:44.220
Um, but even if you go to modern history, uh, you know, Hank Paulson, others, they, they,
01:19:51.660
they brought the biggest banks into a room and they said, we've got trouble.
01:19:57.860
And a lot of the, a lot of the banks were saying, no, I know.
01:20:01.160
And Uncle Sam looks down and says, no is not an option.
01:20:04.780
What's really crazy is I have a friend who was in that room that night, that Sunday
01:20:09.460
And, um, he and his bank said, no, we're not doing it.
01:20:20.520
Um, but the banks get blamed for this when it really was the United States government,
01:20:26.980
the treasury, uh, that said, no, you are taking it.
01:20:32.480
In fact, the exact quote from Paulson was you are, no one is leaving this room until
01:20:38.280
you sign until you brandish your scarlet letter.
01:20:44.820
So you said a few, um, uh, weeks ago when you were here that the one thing you were
01:20:51.680
looking for, I asked you for signs of the economy.
01:20:55.700
Um, what do we look for as a sign that things are not going well?
01:21:00.760
If you pay attention at all to the fed as I do, and I think this, I'm a little more than
01:21:07.520
the, the average person to where I'll actually just read what Yellen has done, but I'm not
01:21:15.120
Um, the story that I heard last week was, or was it this week?
01:21:27.300
That they have to raise the interest rate again.
01:21:36.020
I'm just trying to figure out what has changed to make things so great that we're raising
01:21:44.900
So we should tighten so that we don't have to tighten weight.
01:21:51.060
The head of the New York fed gave a speech a few days ago, Bill Dudley, bear in mind,
01:21:55.920
this is the vice chairman of the federal open market committee that sets interest rates.
01:22:01.120
If Janet Yellen, if something happens to her and she's got the flu and she can't make the
01:22:09.080
People do not realize that the guy in charge of the New York fed is really the number two
01:22:14.200
He made a speech that said the economy is doing so well that we're afraid the unemployment
01:22:23.960
And therefore, we're going to have to get out in front of this and tighten more so we
01:22:28.740
don't have to tighten so much more down the road that we put the economy into recession.
01:22:37.380
A, why would we be afraid of the of the unemployment rate crashing?
01:22:49.020
So, you know, the last time the unemployment rate is was where it was.
01:22:53.260
Wages were growing about at four percent today with the same unemployment rate.
01:23:04.980
We wonder why people are driving Uber at night.
01:23:09.680
Their paycheck has barely moved and not kept up with inflation.
01:23:13.920
And Bill Dudley is worried that the unemployment rate is going to crash and make wage inflation run away.
01:23:21.120
The average working Joe wants their paycheck to go up.
01:23:25.080
It's there's nothing intuitive about the reasoning right now.
01:23:31.000
They're trying to convince the American people that there is no inflation.
01:23:41.840
And on some things there there isn't inflation.
01:23:46.080
But on on other things, there is gigantic inflation.
01:23:54.500
Today we had a report that came out that showed that home prices are growing at five point eight percent.
01:24:02.680
No wonder the average working Joe can't afford to buy a house and it's finally begun to push back.
01:24:09.220
I buy a gallon of milk every day to feed my four gigantic growing children.
01:24:14.860
I can tell you that gallon of milk keeps getting more expensive.
01:24:19.660
These are not figments of our collective imagination.
01:24:22.040
My retired mother tells me about what her co-pay is and what her her farm what what her drugs cost at the pharmacy.
01:24:36.860
So wait, wait, before we get on that, what does this what why are they raising the rate then?
01:24:44.880
Well, the gallows humor is that they wanted to make sure that they kept Trump in place.
01:24:51.200
So if you slam the economy into a recession by tightening financial conditions, thus forcing a recession, then you've got Trump's attention.
01:25:01.300
And he and he doesn't put independent people, independent thinkers, dissenters in at the Fed who ruffle the doves feathers.
01:25:12.480
Last Wednesday, the day the Federal Reserve raised interest rates, there was a story strategically placed on the front page of the Wall Street Journal that said Gary Cohn is looking for replacements for the Fed.
01:25:25.620
And by the way, before you even had to open the page to get to the rest of the story, Janet Yellen's name was thrown out there as being a potential contender.
01:25:34.180
Do you think the administration has folded to the pressure because something's got to make the Fed back off tightening interest rates?
01:25:44.040
The rumor is, and I don't know if this is true or not, but this is what happened to Ronald Reagan, that Ronald Reagan Volcker got in and Ronald Reagan said, oh, you don't like the Fed?
01:25:55.680
Oh, OK. And that's when. Try me. Interest rates went through the roof.
01:26:02.560
And he had a recession 18 months into office. Correct. Correct.
01:26:07.160
Trust me, somebody has read Trump this playbook. Did I say that? Yes, you did.
01:26:12.080
I'm sure he read it himself. So what should the president do?
01:26:16.740
I would like for him to stand firm. I wrote a whole book about it.
01:26:19.680
I mean, we need independent thinkers. We need people at the Fed who are on the receiving end of their own policies, not bureaucrats who've been their entire lives in academics, who don't even understand the applications of the decisions they make.
01:26:36.540
They don't understand what they've done to a generation of baby boomers trying to save for retirement around the president that can tell him this.
01:26:45.520
And do you think he stopped listening to them now?
01:26:49.680
No, I don't. In that same Wall Street Journal story, Steve Cohen was was quoted as saying, basically, I have faith in the Fed.
01:26:58.920
The Fed knows what it's doing. They need to be left alone.
01:27:03.960
I mean, these are the things that just stand up the hair on the back of my head. They really do.
01:27:08.800
So what should we watch for or be wanting the president to do?
01:27:14.120
What would be a sign that he's pushing back on them?
01:27:17.500
If he comes out with a nominee to replace one of the three current open vacancies that does not comply with what the media has been suggesting those individuals should be.
01:27:33.960
I mean, he's the fact that he's been in office for, what, 150 days or so?
01:27:37.900
And has not taken the opportunity to name a single individual to put up to the Senate is questionable.
01:27:57.720
But I think that given, especially the representatives from Texas, Hensarling, Brady, they've been pushing for reform at the Fed.
01:28:08.200
I think they thought that we would have seen some independence reintroduced at the Fed by now.
01:28:16.260
I dare say in private, they're probably a little frustrated that they haven't because there are leaders inside the Senate.
01:28:24.060
There are people on the Hill who will push through truly independent nominees.
01:28:30.560
Now let's go to the next thing that you said we should watch for, and that is automobiles.
01:28:45.020
We know that automobile defaults, delinquencies are rising.
01:28:48.880
We know that payments are beginning to cripple households.
01:28:52.420
We know that, especially in places where people are commuting, they have to have their car to get to work.
01:28:59.480
So it's the last thing they want to stop making a payment on.
01:29:02.360
And the repo man can swoop in really quickly and just hit a kill switch.
01:29:06.760
And you're not turning your car on anymore, and he's going to come and repossess it.
01:29:10.140
But we've seen reports come out in the last few weeks that show that the 2015 vintage of car loans made is going to be, that subprime car loans made in 2015 will reset, become the worst performing ones on record.
01:29:30.800
And yesterday, Experian came out with a report that showed that credit card delinquencies have started to tick up as well.
01:29:38.360
So you're seeing a trickle down in terms of household stresses rising.
01:29:43.020
And anything on the horizon in the next few that you are looking at and say, this could be the real big trip wire?
01:29:56.340
The Cheesecake Factory came out last week with a report that said things are really worse than we were anticipating they would be.
01:30:08.160
If restaurants, which employ 10.6 million Americans, if the restaurant industry begins to follow brick and mortar retail into the abyss, we are in the soup.
01:30:23.680
A lot of these big restaurant chains, their footprints are too big, and they're going to have to start following the JCPenney's, the Macy's of the world, down the path of downsizing.
01:30:33.820
This is not good news for people whose skills are not transferable.
01:30:38.400
That's why I'm going to Cheesecake Factory today to support the cause.
01:30:46.560
The name of the book, Daniel DiMartino Booth, the name of the book is Fed Up, an insider's take on why the Federal Reserve is bad for America.
01:30:54.120
A lot of people have been saying, you know, we want to disband the Federal Reserve.
01:30:58.760
We want to have checks and balances on the Federal Reserve.
01:31:02.360
Read your book to actually educate yourself on what the Federal Reserve is, what they do, how it works, where they have gone wrong.
01:31:16.520
Our sponsor this half hour is American Financing.
01:31:27.280
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01:33:29.900
We have Daniel DiMartino on with us for a few more minutes because we started talking during the break about Illinois.
01:33:37.100
Illinois is in financial meltdown, and I want you to listen to this line.
01:33:41.800
Top financial official just warned 100% of the state's monthly revenue will be eaten up by court-ordered payments.
01:33:49.720
Now, what that is, is when we were at Fox, remember I used Illinois and said, these pensions, these unions, it's a sham.
01:33:56.840
And when the chicken comes home to roost, there's no money left.
01:34:06.120
There's an op-ed out there today, look it up, that said we should potentially jettison Illinois.
01:34:15.060
Let's break the state up into many little pieces and have the neighboring states absorb it because they cannot...
01:34:21.760
But Moody's came out last week, and they were downgraded to one notch above junk, a junk bond state.
01:34:29.700
Illinois is the fifth largest economy in this country, and it is in a state of shambles because the chickens, as you say, have come home to roost.
01:34:46.240
I mean, it's a really small state with a really bad problem.
01:34:49.060
So, what do you think the geniuses are going to do?
01:34:57.020
You know, what do the geniuses come up with to get us out of this?
01:35:02.700
These are issues that are popping up with the stock market at record highs.
01:35:19.120
Insider's take on why the Federal Reserve is bad for America.
01:35:37.220
Man, we have so many stories that we have promised all day that we were going to get to.
01:35:47.560
I don't know if I want her on as a guest did again.
01:35:52.900
You know, I read this story, but it didn't really come home to me.
01:36:12.000
Top of financial official just warned 100% of the state of Illinois' monthly revenue.
01:36:18.900
So that means every single tax dollar they bring in will be eaten up by court-ordered payments.
01:36:29.000
The court in Illinois has said payments to pensioners cannot be cut.
01:36:37.200
So the state has over-promised people for their pensions like crazy.
01:36:48.080
Remember when I was on Fox and I did that little pyramid and I showed and I said,
01:36:52.260
when this thing starts to unravel, you need like 500 firemen for every one that is retired?
01:37:01.520
And if you think of this, that means no roads, no schools, no teachers, no one is being paid for anything.
01:37:14.240
There is zero amount of cash because 100% of the budget is going to pay the court-ordered pensions.
01:37:41.980
Nobody in Illinois is considering bankruptcy because, first of all, it's not allowed.
01:37:48.620
And second of all, it would damage the reputation of the state.
01:37:55.200
Having all of your money go to pensions that you shouldn't have promised and can't afford is also hurting the reputation of the state.
01:38:06.040
I hope he tagged all the politicians in jail to that email.
01:38:09.540
Now, here's what she said that scared the life out of me.
01:38:15.340
It's a little scary that you know now it's here.
01:38:21.480
We just had Daniel DiMartino Booth, former from the Fed, trying to explain, don't listen to the Fed.
01:38:31.600
She talked about how great the stock market was.
01:38:33.140
She said, this is happening with the stock market at an all-time high.
01:38:41.500
That's important because these pension funds, like the California Teachers Association, that fund is, you know, probably billions and billions of dollars.
01:38:52.680
You should be flush with money with the stock market.
01:38:54.600
The stock market, you need an X percentage, what is it, a minimum of like 6% or 7% of return to be able to afford the pensions all the way in the future.
01:39:05.960
Well, if you left your money in in 2008, look at the percentage of returns that you have now.
01:39:17.220
And they're out of money at the top of the stock market.
01:39:20.240
What happens if the stock market just resets to $15,000 as opposed to $21,000?
01:39:33.560
Well, we'll all have to get into the facial cream industry.
01:39:38.160
Join Joanna Gaines in the facial cream industry.
01:39:40.700
Somebody take me off on this on something that we have promised that we were going to talk about today.
01:39:56.720
But did you see why they were arguing with each other?
01:40:03.380
Yeah, but you know what the creative differences were.
01:40:05.340
Yeah, they're doing a comedic spin, apparently, and more improv.
01:40:12.020
One director, and I think he's the guy, I think from the Lego movie.
01:40:15.820
I don't remember which one's written in the Lego movie.
01:40:17.700
Okay, so one of them is very sarcastic and wants to be funny and thinks that Han Solo should be very sarcastic and funny.
01:40:26.760
The other director, and these guys get along, but they just couldn't in this because you can't bat, they don't, they couldn't reconcile their differences here.
01:40:36.460
The other director said, no, Han Solo is not sarcastic.
01:40:47.500
The other one said, no, I want to make sure everybody knows he's selfish and quite honestly, a little mean.
01:40:54.320
Yeah, and here's the quote, according to an insider, people need to understand that Han Solo is not a comedic personality.
01:41:02.860
So the other thing is, is one believes in just this, hey, we're just going to catch it on the fly.
01:41:15.180
Every word on the page, I want to know where the camera is going to be on the page.
01:41:20.540
And the other guy's like, no, we don't need to go through all that.
01:41:27.260
I think the two directors were on the same page.
01:41:30.420
They were clashing with Lawrence Kasdan, who's the writer of the original.
01:41:35.380
I think the last to Return of the Jedi and Empire Strikes Back.
01:41:45.280
And Kasdan is the one who's saying, no, we need to stick to the script.
01:41:55.340
And so they released a thing that, unfortunately, our vision and process weren't aligned with our partners on this project.
01:42:03.300
We normally aren't fans of the phrase creative differences, but for once, this cliche is true.
01:42:09.100
Did you see also who they're thinking about replacing him with?
01:42:20.520
I mean, if you're getting to that Star Wars franchise, it's basically the best gig you can have.
01:42:23.620
Can you tell me, did Lucasfilm, is that what sold to Disney?
01:42:29.160
$4 billion for that franchise, which was an incredible bargain.
01:42:33.100
They're still calling these, because, you know, I saw the last, you know, Rogue, and it said Lucasfilm.
01:42:38.020
But that is wholly owned subsidiary of Disney now.
01:42:45.460
But, I mean, Lucasfilm is still involved in some ways.
01:43:00.820
And one of them said, I mean, he was kind of testy when the first big Star Wars film came out without him.
01:43:06.680
And he said, oh, no, Disney made it very clear they don't want my input, so I haven't seen anything.
01:43:14.320
That is the first time I've looked at Disney in a while and went, yes.
01:43:19.680
Well, I mean, hopefully he's not making decisions like these new superhero movies are doing.
01:43:24.420
Like, for example, they only paid Gal Gadot, the Wonder Woman actress.
01:43:36.680
The guy who was like a nobody and then he made one movie and they paid him $14 million.
01:43:46.840
Gadot did earn $300,000 for Wonder Woman, which at first blush seems low.
01:43:51.580
It was always going to be one of their ten-pole movies, shouldn't she have received more?
01:43:54.760
But her relatively low paycheck is actually par for the industry.
01:43:57.880
The way the model works, especially with regards to superhero films, where the brand is more important than the actor,
01:44:02.620
is that the actor gets a salary around $300,000 for their early appearances,
01:44:06.840
and then they can negotiate for more when a film is a success and they're brought back for sequels.
01:44:10.920
As Vulture points out, $300,000 is what Chris Evans made for Captain America, the first Avenger.
01:44:17.780
$14 million for the Superman guy actually includes many bonuses for box office performance
01:44:22.620
and might include multiple films and, as such, is not a base salary.
01:44:26.060
So the left was going crazy, like, this is sexism!
01:44:29.300
They're paying her $300,000 and him $14 million.
01:44:38.660
Right, and so was he, but that's why they were comparing them.
01:44:43.560
She also did not sign, it's my understanding, did not sign for multiple movies.
01:44:50.500
She gets to now negotiate an eight-figure paycheck for the next one.
01:44:53.720
I would much rather negotiate after one hit movie where, I'm sorry, but she is now Wonder Woman.
01:45:11.600
You know, they're coming out with another stupid Ben Affleck thing.
01:45:15.560
Ben Affleck movie, that Batman movie was awful.
01:45:18.160
Why didn't you just take the Batman series that you had and build on that?
01:45:30.120
Why would you flush it down the toilet and totally change everything?
01:45:35.400
They're going to have to change to Wonder Woman, though, because Gal Gadot just quit to join the facial cream industry.
01:45:45.260
She expects to make about 80 times what she made on it.
01:45:49.900
And the other thing you have to remember, the Man of Steel movie, which was released in 2013,
01:46:01.620
I mean, so it wasn't, you know, you're going to make some cash when your movie grosses $668 million in the box office.
01:46:11.860
The argument that they should have made a lot more, though, right?
01:46:16.480
Yeah, I think that's a fair argument, and obviously they believe that.
01:46:29.420
I mean, DC Comics, you know, I've never seen anybody with a bigger opportunity than DC Comics.
01:46:38.560
And it's, I mean, you should, whoever's running it, you should let children run your DC Comics.
01:46:48.940
Because you're making deals and choices on things that children wouldn't even make.
01:46:58.720
I wanted to take you into a private meeting and do this, but we're right here, and I
01:47:17.920
The sequel was, how did you think that was a perfect movie?
01:47:26.460
Again, the battle between Pat Gray movie taste and Glenn Beck movie taste has been settled.
01:47:40.460
Number one, all really canned, trying way too hard to be funny with their funny lines in
01:47:51.880
Number two, how did you get past the nonstop, sentimental puffery?
01:47:59.460
All throughout the movie, every ten seconds was another like, oh, here's a nice sentimental
01:48:06.360
scene of these two characters that used to disagree coming together and having this nice
01:48:11.900
And third, I mean, if Transformers doesn't even set the standard, it's as if they had
01:48:17.960
every special effect possible on a keyboard and they just mashed their hands against it
01:48:25.820
It was just nonstop explosions and lasers with terrible writing.
01:48:54.400
I went to see Wonder Woman based on your guys' review.
01:48:59.920
Well, of course you're not going to like it as much as I did because you've got terrible
01:49:04.920
How did you take the opening 14 hours of fake, horrible accents and fakey, oh, I couldn't
01:49:20.720
Yeah, because you were looking at Robin White and writing all the women.
01:49:35.940
Those were not the stories we were supposed to talk about, I guess.
01:49:38.440
But anything to stop us from the idea that Illinois is the first state to have 100% of
01:49:55.500
Now you can't cut those because if you cut those pensions, now you have all of the people
01:50:17.160
We're in the place now with the immigrant problem over in Europe.
01:50:23.420
We're in the place where you're starting to see the Bubba effect happen.
01:50:27.420
We're in these places because nobody wanted to recognize the truth.
01:50:32.040
Oh, maybe I liked Guardians of the Galaxy because it was an escape.
01:50:46.040
I want you to go to Goldline now at 866-465-3546.
01:50:56.960
They've had such success with people for the $25,000 where you can get a year,
01:51:02.940
a guarantee that your money is going to not fluctuate.
01:51:05.880
You will not lose a dime up to a year if you go into your 401k or your IRA
01:51:11.220
or you just want to do it in cash transfer into something else.
01:51:15.100
A year for $25,000 and more, they will lock that price in.
01:51:20.160
And if it goes down, they'll give you more gold.
01:51:22.240
Well, they're going to do it now for as little as $2,500.
01:51:28.020
You're guaranteed that your money will not fluctuate for three months for $2,500.
01:51:56.520
We're just talking about how bad all the other companies are trying to be like Marvel Comics.
01:52:02.120
You know, you've got another Spider-Man coming out, which, I mean, you know,
01:52:09.380
I expect him to be on a speakerphone at some point.
01:52:15.380
And that's, you shouldn't put that mask on, kid.