The Michael Knowles Show - Ep. 1003 - The Libs Are Angry And Want To Fight

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00:00:37.660 As abortion activists firebomb pro-life offices and pregnancy centers in Wisconsin, in Oregon, in Maryland, and elsewhere around the country,

00:00:47.580 the White House is continuing to insist that the pro-abortion protests have been peaceful

00:00:53.120 and should continue even when they take place at judges' homes.

00:00:58.900 So I know that there's an outrage right now, I guess, about protests that have been peaceful to date,

00:01:05.140 and we certainly continue to encourage that outside of judges' homes, and that's the president's position.

00:01:09.900 I actually cannot quite believe what she is saying here.

00:01:14.420 Is Jen Psaki saying that the White House is encouraging the protests outside the Supreme Court justices' homes,

00:01:21.000 meaning the protests that are recurring at those homes?

00:01:23.840 Or is she saying that the White House is encouraging protests outside of, meaning other than,

00:01:30.120 or except for the ones at the judges' homes?

00:01:33.220 I hope it's the latter.

00:01:34.280 I've been trying to figure out how to make it be the latter, but I just don't think it is.

00:01:40.140 I don't think it is because the other day when Psaki was asked directly about the very same protests,

00:01:45.820 she refused to condemn them.

00:01:47.560 She said that she doesn't have an official government position on where people protest.

00:01:51.940 I don't think she is saying except for the judges' homes because today she's still pretending that the pro-abortion protests are peaceful,

00:01:59.120 despite the graffiti and the arson around the country,

00:02:03.040 despite the shrieking mobs outside of the justices' homes where their children sleep.

00:02:08.400 I don't think that it's the latter.

00:02:11.160 I don't think she's saying don't go to the judges' homes because the protests at judges' homes

00:02:16.680 to influence their decision in this case are in violation of federal law,

00:02:21.900 and the White House won't say anything about that.

00:02:24.080 I don't believe that Jen Psaki is condemning these protests because when BLM was burning the country down, 0.90

00:02:31.640 senior officials in this administration were raising money to bail out the rioters.

00:02:36.580 The left is right about one thing in this whole mess.

00:02:41.440 They are right that we are witnessing a constitutional crisis,

00:02:45.040 not because the Supreme Court might overrule a terrible decision from the 1970s,

00:02:50.080 but a constitutional crisis because the executive branch is waging war on the judiciary.

00:02:56.440 The left is willing to tear down the most fundamental aspects of our system of government

00:03:01.200 to defend the killing of babies.

00:03:05.000 And they're not even hiding it.

00:03:06.700 I'm Michael Knowles.

00:03:07.440 This is The Michael Knowles Show.

00:03:15.500 Welcome back to the show.

00:03:16.680 My favorite comment yesterday is from Jeremiah Shoemaker.

00:03:20.080 Who says, I've been boycotting Target since they publicly announced in 2015-ish

00:03:24.320 that you can use whichever bathroom you identify with.

00:03:27.680 That the boys can go to the girls' room there. 0.96

00:03:29.340 I wholeheartedly agree with the new policy Michael is suggesting.

00:03:32.500 I have a name for it.

00:03:34.220 The Standards and Norms Expression Act, or the SANE Act.

00:03:40.160 Like, if you agree, in the meantime, I will continue to not shop at Target.

00:03:42.960 That is such a great idea.

00:03:45.520 This is something that the left convinced the conservatives of in the 60s and 70s,

00:03:51.400 and then some conservatives, especially more on the individualist-minded side of the right,

00:03:56.860 they really ran with this.

00:03:57.840 And they said, you're not allowed to have any norms.

00:03:59.500 You're not allowed to have any standards.

00:04:01.040 Just, every man can do whatever he pleases at all times.

00:04:03.760 That's not true.

00:04:04.520 That's never been true in American history.

00:04:05.920 We have not only individual rights, but political rights.

00:04:09.280 Rights as a political community to say, no, don't trans the kids. 0.70

00:04:12.780 No, don't let the grown men go into the little girl's bathroom. 0.92

00:04:16.000 No, no, no.

00:04:17.260 We actually have the right to enforce some sanity.

00:04:20.780 I love your idea for legislation.

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00:04:28.920 How did you hear about us, Fox?

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00:04:42.820 Four, I guess this really should be number one.

00:04:44.620 They've supported this show for a long, long time.

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00:05:27.280 The left is saying the quiet part out loud, specifically the pro-abortion left, where there's

00:05:33.820 really not a distinction these days.

00:05:35.520 It used to be that you could be on the left but oppose abortion.

00:05:39.080 I think that's pretty much gone by the wayside.

00:05:42.880 It certainly used to be that you could be a Democrat and oppose abortion.

00:05:45.720 And that's been gone now.

00:05:48.180 It seems almost entirely gone.

00:05:50.200 And it's been extremely unpopular for 30 years.

00:05:53.900 And really starting with Mario Cuomo, Andrew Cuomo's father, when he was governor of New

00:05:57.260 York, he invented this idea of, I'm personally opposed to abortion, but politically I support 0.99

00:06:03.780 it, which doesn't make any sense at all.

00:06:05.260 If you think it's murder, then it should be illegal.

00:06:07.060 If you don't think it's murder, then why do you oppose it?

00:06:09.540 If it's just like taking your appendix out, then who cares?

00:06:11.760 It's not a big deal.

00:06:12.560 It was always incoherent.

00:06:14.100 So I use these phrase, the left or the Democrats or the pro-abortion activists.

00:06:19.460 Today, 99.9% of the time, they all refer to the same group of people.

00:06:24.960 And they are saying the quiet part out loud, okay?

00:06:28.100 When Jen Psaki comes out and she says, yeah, we encourage protests outside of judges' homes. 0.98

00:06:34.280 She's saying what we already knew the White House believed.

00:06:38.500 If she misspoke, I hope she clarifies it today, but I don't think she did.

00:06:42.160 Because in practice, the White House has been encouraging all of these protests.

00:06:48.660 So I'm not surprised that she says, yes, we're encouraging them.

00:06:51.380 Janet Yellen, who is the Treasury Secretary for Joe Biden, she came out and voiced her opinion

00:06:56.180 on abortion.

00:06:57.020 Seems kind of crazy, right?

00:06:58.260 Who cares what the Treasury Secretary has to say about constitutional law and the bioethical

00:07:04.660 question of abortion?

00:07:05.700 Who cares?

00:07:05.940 Well, Janet Yellen cares.

00:07:07.880 And actually, she exposes one of the reasons why corporate America, the kind of big corporate

00:07:14.200 establishment, is so gung-ho on supporting their employees to go travel out of state to

00:07:20.200 get an abortion, to oppose the overrule of Roe versus Wade.

00:07:25.120 Janet Yellen makes the argument that if we have fewer abortions, we're not going to make 0.92

00:07:30.280 as much money.

00:07:30.780 I believe that eliminating the right of women to make decisions about when and whether to 1.00

00:07:38.480 have children would have very damaging effects on the economy and would set women back decades. 1.00

00:07:47.220 Roe v. Wade, in access to reproductive health care, including abortion, helped lead to increased

00:07:54.600 labor force participation.

00:07:56.360 It enabled many women to finish school. 0.97

00:08:01.580 That increased their earning potential.

00:08:04.360 It allowed women to plan and balance their families and careers. 0.99

00:08:09.600 And research also shows that it had a favorable impact on the well-being and earnings of children.

00:08:18.380 If I wrote a script about the pro-abortion side, and I just wrote exactly what Janet Yellen just said,

00:08:29.500 her argument for more abortion, and I turned it into a producer in Hollywood, 1.00

00:08:33.300 they would reject the script for it being too cartoonishly villainous.

00:08:38.160 They would reject it probably because of the politics of the script too.

00:08:40.880 But they would reject it because of the writing, because what she just said is such a caricature

00:08:46.440 of an evil villain to say, well, it is my opinion that we need to continue to kill 875,000 babies a

00:08:56.900 year, because if we kill fewer of those babies, we might not make as much money. 0.80

00:09:02.060 And then we won't be able to buy as much stuff.

00:09:05.640 And then we won't have lots of fun toys and jewelry and gems and gold and money. 0.98

00:09:12.140 We have to kill the babies so we can have more money. 1.00

00:09:15.880 That is my reasoned opinion as the Treasury Secretary. 0.99

00:09:20.600 And then just when you think she's going to start making some other kind of, that's her primary argument.

00:09:25.280 Well, okay, then she talks about the effect on women. 1.00

00:09:27.200 Then maybe she's just an ideological leftist who, she says, it's really important for women's

00:09:32.540 well-being in the labor force, in the labor force, for women's well-being in their earnings potential.

00:09:40.180 So it's just about money.

00:09:41.040 You're saying we need to sacrifice our babies so that we can make more money.

00:09:44.940 I think that's a bad deal.

00:09:46.340 I don't think we should do that.

00:09:47.600 I'm willing to diminish the GDP of the United States if it means we don't slaughter upwards 0.99

00:09:52.360 of a million babies a year.

00:09:53.720 Call me crazy.

00:09:54.720 Call me old-fashioned.

00:09:55.560 No, it's not even old-fashioned.

00:09:58.460 Every evil pagan tribe in the history of the world has practiced human sacrifice to try to 1.00

00:10:05.480 grow their riches, okay?

00:10:06.540 And the United States right now, with this woman as the Treasury Secretary, with this 1.00

00:10:11.520 government that we've got in place, is doing exactly the same thing.

00:10:15.640 And they probably don't even see it.

00:10:18.240 They think that they're really fancy and sophisticated and modern and they just understand things. 0.93

00:10:22.600 No, they're doing the same damn thing that awful tribes have done for all of human history. 0.99

00:10:27.040 Sacrifice their kids to Moloch so that they can, sacrifice their kids to mammon, really 1.00

00:10:32.440 mammon, and so that they can have more stuff.

00:10:35.320 I think that's a bad, I think it's pretty evil when you really think about it, don't you?

00:10:40.000 I think it is.

00:10:40.560 But they're saying the, they used to mean that, but they wouldn't say that.

00:10:44.280 And it really throws this into perspective.

00:10:46.560 Why is Amazon paying for their employees to go out of state to get abortions? 0.97

00:10:51.200 Because it helps their bottom line, because it helps Amazon make more money.

00:10:54.240 Beyond the woke takeover of Amazon or the woke people at Tesla, Tesla's got the same policy.

00:11:01.340 I'm sure a lot of other corporations are going to have the same policy.

00:11:04.020 Beyond the wild ideological takeover, there's a cold, hard cash capitalist element here too,

00:11:10.060 which is they want to make more money, kids are expensive, they cause women to not work as hard, 1.00

00:11:15.740 they cause women to take a lot of time off from work, they cause women to be less reliable in the 0.98

00:11:19.660 workplace because maybe little Johnny gets sick one day and they're not able to come to that

00:11:23.140 meeting on Tuesday. 0.65

00:11:24.320 And so if you kill the kid, then you've got a much more reliable workforce. 0.98

00:11:28.040 Then you get much more man hours out of them. 0.96

00:11:30.100 It'll really increase labor participation.

00:11:32.240 That's literally what the treasury secretary said.

00:11:35.240 It's evil.

00:11:36.300 It is, I don't throw that word around lightly.

00:11:38.840 It is evil.

00:11:39.920 It is hideous.

00:11:41.400 It is inhumane.

00:11:42.740 But that's the argument that they are making explicitly.

00:11:45.580 Elizabeth Warren, Laya Watha is really angry too.

00:11:48.480 Boy, oh boy, is she angry.

00:11:50.200 Her fingers are just itching for the tomahawk right now.

00:11:54.720 Elizabeth Warren says that she is going to fight back.

00:11:57.480 Tweeted out yesterday, I'm angry about the potential overrule of Roe and I've got a plan

00:12:03.320 to fight back.

00:12:05.660 She's fighting babies, by the way. 1.00

00:12:07.140 What does it mean to fight back against reducing the number of abortions in America?

00:12:14.320 What is the object of your fighting?

00:12:16.640 The object is the babies who get to live.

00:12:19.560 Warren 2024, let's fight babies.

00:12:22.760 I've got a plan to put those babies in their place. 1.00

00:12:26.440 And she says it.

00:12:27.120 She's saying the quiet part out loud.

00:12:28.200 She's got an op-ed in Marie Claire, a woman's magazine, that I hope Elizabeth Warren did not 0.84

00:12:35.480 right, I've always thought Elizabeth Warren is wrong and radical, but at least reasonably

00:12:38.980 intelligent.

00:12:39.900 This column that Warren wrote, defending Roe v. Wade and pushing abortion, this might be 0.99

00:12:45.800 the single dumbest column I have ever read.

00:12:49.860 Now, this column that Elizabeth Warren wrote, this is not an important document. 0.97

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00:14:05.460 Elizabeth Warren, I'm angry but determined to protect Roe.

00:14:11.320 Yes, I'm angry, she says.

00:14:13.420 I'm angry at the justices.

00:14:15.080 I'm angry, I'm angry, I'm angry.

00:14:16.820 Then here's the money line.

00:14:18.020 The minute Roe is officially gone, more than half the states in the country are poised to

00:14:24.020 outlaw abortion or severely limit abortion access.

00:14:27.220 If abortion is outlawed, the impact won't fall equally on everyone.

00:14:30.100 Wealthy women will still get safe legal abortions by flying to another state or even traveling 1.00

00:14:34.100 to another country.

00:14:34.960 But the world will be very different for those who have the least power. 0.72

00:14:38.520 Low-income women, women of color, victims of incest and abuse, moms already working two 0.92

00:14:43.160 jobs to support their children.

00:14:44.200 This far-right extremist Supreme Court doesn't care if Americans suffer.

00:14:48.160 They are hell-bent on imposing their views on all of us.

00:14:52.300 Did you catch the problem there?

00:14:54.640 Did you catch the problem with her argument?

00:14:57.920 She said that the minute Roe is officially gone, more than half the states in this country

00:15:04.020 will outlaw abortion or severely restrict it.

00:15:06.680 And therefore, this constitutes the extremist Supreme Court imposing its views on all of us.

00:15:18.080 All of us, the majority of whom support outlawing abortion.

00:15:23.680 By the way, what the court is doing is not outlawing abortion, as she explains.

00:15:27.600 The court is merely admitting that there's no constitutional right to an abortion and returning

00:15:33.560 the question to the states.

00:15:34.520 And she says, more than half of the states are going to get rid of abortion or almost

00:15:38.140 get rid of abortion. 0.98

00:15:40.140 So it sounds like the court is not imposing its views on us.

00:15:44.020 It sounds like, if anything, our views on restricting abortion go much further than anything

00:15:49.820 the court might believe.

00:15:50.980 Actually, ironically, it sounds like what the court imposing its views on us occurred in 1973,

00:15:58.260 when the court created out of thin air a fake constitutional right to an abortion, 0.91

00:16:03.300 when the majority of Americans oppose that right.

00:16:06.260 How do I know the majority of Americans oppose that right?

00:16:08.740 Liz Warren just told me, because she said more than half the states are going to get rid of it.

00:16:12.680 It was the Supreme Court in Roe versus Wade, and then again in Planned Parenthood v. Casey,

00:16:16.820 that imposed its views on us.

00:16:18.300 And now it is the Supreme Court, we hope, in Dobbs versus Jackson Women's Health Organization,

00:16:22.980 that is going to stop imposing its views.

00:16:25.060 Frankly, I wish that this court would impose more views.

00:16:28.260 I think there is a very strong argument that the 14th Amendment prohibits abortion nationwide

00:16:33.880 in the Constitution.

00:16:36.340 John Finnis and Robbie George, conservative legal scholars, made a very compelling argument for that

00:16:41.720 in a brief that they gave to the court with this case, the Dobbs v. Jackson Women's Health case.

00:16:48.020 But regardless, that doesn't seem to be the opinion that we're going to get from the court,

00:16:52.320 according to the leaked draft.

00:16:53.580 What we're going to get is the court saying, hey, we're going to stop imposing our views on you.

00:16:57.640 And you people can decide whatever view you want about abortion.

00:17:01.060 If California wants it, fine. 0.62

00:17:02.240 If New York wants it, fine.

00:17:03.300 And if Tennessee doesn't want it, that's fine too.

00:17:06.400 And Elizabeth Warren is extremely frustrated because she wants to impose her views on the 1.00

00:17:11.600 majority of Americans who oppose her view.

00:17:14.720 I said this on the show yesterday.

00:17:16.280 This was the theme of the show yesterday.

00:17:17.660 I said, whatever the left accuses us of, they are doing.

00:17:21.060 They are the ones who are doing it.

00:17:22.120 And here we have it yet again.

00:17:23.880 Another bit of proof. 1.00

00:17:25.800 She goes, I won't go through this whole stupid op-ed, but I love this line. 0.99

00:17:28.860 She goes, for me, this isn't about politics. 0.99

00:17:31.860 This is personal. 0.99

00:17:33.560 It's a very, very stupid line because the entire mantra of the feminists during the 1970s, 1.00

00:17:40.140 when Elizabeth Warren came of age, she is very much in the mold of the 1970s feminists. 1.00

00:17:45.260 Their entire mantra was the personal is the political.

00:17:48.080 Their entire mantra was there's no distinction between what is personal and what is political.

00:17:51.700 And they had something of a point there in that, in a self-government, the politics is broadly

00:17:59.480 what we want it to be within the confines of the Constitution.

00:18:02.600 So yes, that's true.

00:18:03.540 The views that we hold, the way that we want to live, the laws that we want to enforce,

00:18:07.860 our personal opinions about that become the political opinions in self-government.

00:18:12.900 But it's not political.

00:18:13.920 This is personal.

00:18:15.600 And she says, I have lived in a world where abortion was illegal.

00:18:19.060 I learned early on that when the law bans all abortions, only safe and legal abortions

00:18:23.960 will be banned.

00:18:25.020 Oh, did you?

00:18:25.900 Cool.

00:18:26.200 Oh, that's interesting.

00:18:26.900 Now do guns.

00:18:28.380 Now do guns, Elizabeth Warren. 0.95

00:18:30.080 So you're telling me that in the world where you ban abortions, then you're just going to 0.81

00:18:34.600 get illegal abortions. 1.00

00:18:36.100 So what about the world where you ban guns?

00:18:38.780 You're just going to get illegal guns, right?

00:18:40.280 So why do you keep supporting gun control? 0.95

00:18:43.540 It's a very, very silly argument that she's making here.

00:18:48.900 Because I'll go with the left for a little bit.

00:18:52.280 I think if you banned guns in America, let's say there were no Second Amendment, and you just

00:18:57.040 banned guns in America, and you went door to door and confiscated guns, kind of like

00:19:00.920 they did in Australia, I do think that gun crime and gun deaths would plummet.

00:19:08.080 I think that's probably true.

00:19:09.140 Crime itself might jump, and you might just have people stabbing you and all sorts of

00:19:13.100 other things.

00:19:13.760 But if you went door to door and actually collected all the guns, and if that were even possible,

00:19:17.900 yeah, I do think gun violence would diminish greatly.

00:19:22.560 But we have a Second Amendment, and we have a Second Amendment not just because the framers

00:19:26.000 of the Constitution were lunatics, but because they inherited that right from the English, 0.57

00:19:32.100 and they inherited that right because people have a natural right to self-defense. 0.87

00:19:35.860 So they didn't just pluck it out of thin air.

00:19:37.200 It wasn't through their own unfettered reason.

00:19:39.200 It came from tradition.

00:19:41.220 It came from the political community that they were already in, and it came from the natural

00:19:46.280 law.

00:19:46.620 We have a right to defend ourselves.

00:19:49.900 So that's why we tolerate there's more gun violence, but it's because of all of these

00:19:53.900 rights and because of these political traditions and because it's the right thing to do.

00:19:56.980 There is no similar right to abortion.

00:20:00.080 There is no longstanding civil right to abortion in American history.

00:20:05.320 There is no natural right to kill your own babies.

00:20:07.680 It's actually extremely unnatural.

00:20:10.480 And yet, Elizabeth Warren uses this argument for abortion. 1.00

00:20:13.080 She doesn't use it for guns. 0.99

00:20:14.080 It's very silly. 0.98

00:20:14.640 She says, I lived in a world in which women bled to death from back alley abortions, a world 0.90

00:20:19.320 in which infections, complicated women's futures, on and on and on. 0.99

00:20:22.700 And the last point I want to make on this is Elizabeth Warren did not live in that world.

00:20:27.700 She did not.

00:20:28.560 She is being extremely dishonest here.

00:20:30.980 She is parroting the same old line that the abortion movement has parroted for 50 years,

00:20:36.480 more than 50 years, which is that before Roe versus Wade, in the years right before it,

00:20:41.080 thousands of women were dying every year from back alley abortions. 1.00

00:20:44.060 That's not true.

00:20:45.900 That's just not true.

00:20:46.780 We know how many women died from back alley abortions the year before Roe versus Wade.

00:20:50.740 It's 39.

00:20:52.100 Not 39,000, not 3,900.

00:20:54.860 39.

00:20:56.180 We have these statistics from the government.

00:20:59.900 We have these statistics from pro-abortion organizations.

00:21:03.780 Do you know how many women died that year from legal abortions?

00:21:07.140 24. 1.00

00:21:08.800 So this is actually even another knock on Elizabeth Warren's stupid argument. 1.00

00:21:13.220 She's saying that the illegal abortions were so much more dangerous than the legal abortions. 1.00

00:21:16.980 They weren't.

00:21:17.620 When you consider the number of states where abortion was legal and illegal,

00:21:21.500 the rate of death for legal and illegal abortions was roughly the same.

00:21:27.060 The illegal abortions were not substantially more dangerous than the legal ones.

00:21:32.360 And that was 50 years ago.

00:21:33.760 And still, it was 39 women and 24 women. 1.00

00:21:38.380 Those are the numbers that we're talking about here.

00:21:41.300 Okay.

00:21:41.560 Just a total lie.

00:21:43.480 Where did the thousands of women number come from? 1.00

00:21:45.180 It came from Dr. Bernard Nathanson, who was an abortionist,

00:21:47.980 who was one of the leaders of the Abortion Rights League, NARAL.

00:21:51.980 And he admitted in his memoir, he just made it up.

00:21:54.380 He just made it up.

00:21:56.000 And she's making it up too.

00:21:57.320 And she's really, really angry.

00:21:58.720 And she's shrieking.

00:21:59.460 And she's screaming.

00:22:00.080 And she's crying.

00:22:00.820 And the libs are attacking pro-lifers all around the country

00:22:03.760 and going and scaring the Supreme Court justices

00:22:06.100 and scaring their little kids at their homes

00:22:07.740 because they know they don't have a single argument.

00:22:10.480 They don't have one, not one single argument.

00:22:15.740 I went on this little thought experiment yesterday

00:22:18.080 because the pro-lifers are winning right now.

00:22:23.320 But the pro-lifers are, we're stuck in the debate.

00:22:28.460 I think we're winning politically.

00:22:29.760 I think people have come over to our side.

00:22:31.360 But in terms of the actual debate,

00:22:32.820 you're sitting there having an abortion debate.

00:22:34.180 I think a lot of times people just spin their wheels.

00:22:37.820 And it's because the debate focuses entirely on rights.

00:22:42.200 Okay, it just rights, rights, rights.

00:22:43.920 The rights of the baby to live,

00:22:45.260 the right of the mother to have bodily autonomy.

00:22:47.600 And you just debate all of the different rights.

00:22:49.560 And some of the most famous arguments for abortion

00:22:51.780 involve these crazy thought experiments about rights.

00:22:54.780 One of the most famous arguments is that

00:22:56.340 you wake up one day and you find out

00:22:57.820 you're plugged into a dialysis machine

00:22:59.740 with the world's greatest violinist.

00:23:01.620 And you were kidnapped in the middle of the night.

00:23:04.020 It was determined that your kidneys are the only kidneys

00:23:06.040 that can help this violinist survive.

00:23:08.540 And so you were plugged into a machine with the violinist.

00:23:11.140 And if you unplug yourself, the violinist is going to die.

00:23:15.180 But if you leave yourself plugged into the violinist

00:23:17.320 for nine months, then the violinist will get to live.

00:23:21.140 Do you have an obligation to stay plugged in for nine months?

00:23:23.380 Or do you have the right to remove the machine?

00:23:27.920 This is considered one of the great,

00:23:29.860 probably most popular arguments for abortion. 0.99

00:23:32.200 It's a very silly argument. 1.00

00:23:33.680 And it's a very stupid argument. 1.00

00:23:35.980 But it did get me thinking about a different, 1.00

00:23:37.740 how can we shake ourselves out of this debate on abortion

00:23:41.880 where it's just about rights, rights, rights, rights, rights?

00:23:43.500 Because the libs love to talk about rights. 1.00

00:23:45.980 My politics does not begin from the perspective of rights.

00:23:48.860 I don't think that we're born as free-floating atoms

00:23:51.040 in outer space who just have rights and entitlement.

00:23:53.780 I think that we are born first with obligations,

00:23:56.600 with duties, with loyalties, responsibilities to our families,

00:23:59.780 to our community, and to our God.

00:24:01.480 So I have a different experiment.

00:24:04.460 Let's say you wake up one day, you open your door, 1.00

00:24:06.500 and on the doorstep, there is a dirty, filthy, rotten bum. 1.00

00:24:10.320 I'll get to this experiment in just one second. 0.99

00:24:12.180 First, though, starting this Friday,

00:24:13.580 you can send in voice mailbags.

00:24:15.220 Yes, that's right.

00:24:16.220 Send a voice memo to my mailbag.

00:24:17.840 We will play it on the show.

00:24:19.180 Get your voice heard on The Michael Knowles Show.

00:24:21.600 Send those in. 0.65

00:24:22.340 We're very excited to hear from you.

00:24:23.980 Also, if there's one thing that you know about me, it's this.

00:24:27.400 I never turn down an opportunity to kick back,

00:24:29.800 smoke a cigar, and talk politics with my friends.

00:24:32.220 That's right.

00:24:32.680 You should not turn down such an incredible opportunity either.

00:24:36.500 That is right.

00:24:37.180 It is time for another Backstage Live, June 29th,

00:24:39.440 at the historic Ryman Auditorium in downtown Nashville, Tennessee.

00:24:42.740 This is your chance to get in on all the smoke-filled fun and festivities.

00:24:46.880 Join me, Ben Shapiro, Matt Walsh, Andrew Klavan,

00:24:48.860 and the Daily Wire God King, Jeremy Boring,

00:24:51.000 for our biggest live event of the year.

00:24:52.780 Tickets go on sale Thursday, May 12th at 10 a.m. Central

00:24:55.520 for Daily Wire all-access members only.

00:24:58.300 12 hours later, they go on sale for the general public.

00:25:00.700 If you are not an all-access member, do not miss out.

00:25:02.780 Head on over to dailywire.com slash subscribe

00:25:05.400 and become an all-access member today.

00:25:08.380 Daily Wire, Backstage Live, Ryman Auditorium, Nashville, June 29th.

00:25:11.760 See you there.

00:25:12.200 We'll be right back with a lot more.

00:25:13.280 Imagine for a second that you open your door one day 1.00

00:25:29.240 and there sitting on your doorstep is a dirty, filthy, rotten, disgusting bum. 1.00

00:25:34.160 And this dirty, filthy, rotten, disgusting bum is really, really thirsty. 1.00

00:25:40.620 He's dying of thirst. 1.00

00:25:42.220 His lips are chapped.

00:25:43.600 You can tell she's on the brink of death.

00:25:47.360 You have water in your house.

00:25:49.940 Maybe bottled water.

00:25:51.240 Maybe just a tap.

00:25:51.920 Maybe just a spigot on the side of your house. 1.00

00:25:55.140 Do you have an obligation to give that filthy, dirty, rotten, disgusting bum some water? 1.00

00:26:00.760 I think you do. 1.00

00:26:02.560 Let's take it even a little bit further. 1.00

00:26:04.640 You've got this filthy, dirty, rotten, disgusting bum. 1.00

00:26:07.060 He's out there and he is dying of exposure. 1.00

00:26:09.800 It's not just that he's cold.

00:26:11.360 It's not just that he's, you know, would like to sit by your fire.

00:26:15.300 He is on the brink of death.

00:26:18.020 And you're living in the country and there's no one around.

00:26:21.620 You're not living in a high rise in the city.

00:26:23.560 You're living in the country.

00:26:24.700 There's no one around for miles.

00:26:26.580 Even if you call the police,

00:26:27.800 even if you call an ambulance or something,

00:26:30.200 they are not going to get there in time to save this guy from dying of exposure.

00:26:34.900 Do you have an obligation to take him into your home for just a little bit,

00:26:39.580 just a few hours, just until someone else can get there to save his life?

00:26:44.280 I think you do.

00:26:46.180 Now, it's your water.

00:26:48.700 It's your shelter.

00:26:49.940 It's your home.

00:26:51.560 You could say,

00:26:53.120 these are my things.

00:26:54.240 This is my water.

00:26:54.860 This is my house.

00:26:55.500 It's mine to give or withhold as I please.

00:26:57.400 And I choose.

00:26:58.200 It's my right to withhold it. 0.99

00:27:02.580 You could do that and you could let the bum die. 1.00

00:27:04.800 But I strongly suspect that you would have the sneaking suspicion 0.63

00:27:07.660 that there's something wrong with that,

00:27:09.440 that you actually,

00:27:11.120 I don't know, it's just wrong.

00:27:13.160 Don't you?

00:27:13.580 That's the suspicion that I would have.

00:27:16.480 Now imagine that we're not talking about your doorstep,

00:27:19.660 but we're talking about your womb. 1.00

00:27:21.120 Now imagine we're not talking about a filthy, dirty, rotten, disgusting bum, 1.00

00:27:25.420 but a little baby. 1.00

00:27:27.600 Okay?

00:27:27.880 The analogy actually is not precise

00:27:30.620 because abortion does not just involve withholding something like nutrients from the baby.

00:27:35.900 It actually involves going in and poisoning the baby

00:27:37.820 and then dismembering him in the body.

00:27:39.200 So it's,

00:27:39.660 but let's just,

00:27:40.320 for the sake of the abortion supporters argument,

00:27:42.420 let's just pretend for a moment that abortion is more like eviction than like murder.

00:27:47.880 Okay, let's just pretend.

00:27:50.500 Do you have an obligation to provide shelter for that baby if the baby is there?

00:27:57.200 And it's a life or death question.

00:27:59.060 Do you have an obligation to provide sustenance for that baby, for your baby?

00:28:05.060 You could say, look, it's my body, my body, my choice.

00:28:08.460 You could say, hey, look, it's my nutrients, mine to withhold or give.

00:28:13.020 But I think we all suspect that there's something kind of wrong with that. 1.00

00:28:17.220 Now, if the dirty, filthy, rotten, disgusting bum who you don't know from Adam 1.00

00:28:22.580 has some legitimate claim on the water in your house, 1.00

00:28:28.720 has some legitimate claim on you,

00:28:31.280 has some legitimate claim on you saving him

00:28:35.220 or you in some way offering of yourself to save him. 1.00

00:28:38.600 If the dirty, rotten, gross, disgusting bum 1.00

00:28:40.540 who's probably lived a completely dissolute life has that claim, 1.00

00:28:43.220 certainly we should be able to say that your own baby has at least as much claim.

00:28:50.180 This scenario really bothered some people when I floated it yesterday on social media.

00:28:56.520 And it bothered some people because it's coming at the abortion issue

00:29:00.620 from a completely different standpoint than we are used to coming at it from.

00:29:04.420 It's actually coming at politics from a completely different standpoint

00:29:06.980 than we are used to coming at it from.

00:29:08.820 Not just that the left is used to coming at it from, but the right too.

00:29:12.300 Because we're all stuck in this liberal rut of talking about rights.

00:29:17.400 Rights, rights, rights, rights, rights, in the abstract, floating in free space

00:29:20.540 with these crazy hypotheticals about violinists being attached to us in a hospital bed.

00:29:26.600 But I'm not talking about a wild, crazy, out of the ordinary hypothetical.

00:29:32.200 I'm talking to you about something that really could happen.

00:29:34.100 You actually could have a derelict show up to your door.

00:29:36.120 I'm not saying it's likely, but it could happen.

00:29:37.460 And you might be living in the country and there might not be help.

00:29:40.180 And you actually could be called upon to do this.

00:29:43.000 And you would know, despite not having reasoned through it and thought about it

00:29:46.940 in some long philosophical track, you would just know instinctively

00:29:50.280 that you should give the bum water. 0.53

00:29:51.960 And that you should maybe even take him in for a couple hours until he can get some help.

00:29:55.320 You just know that.

00:29:56.340 You know that deep down.

00:29:57.500 And as much as you try to reason yourself out of it

00:29:59.520 and convince yourself that that's not true, you know that it is true.

00:30:02.680 Okay?

00:30:04.960 All the more so it is true about abortion. 0.64

00:30:06.780 And I think, frankly, even beyond the abortion question,

00:30:10.460 a lot of our political problems and divisions would be greatly improved

00:30:16.640 if we would just stop for a second thinking of the entire world

00:30:21.560 and ourselves and our community as these ideological abstractions.

00:30:26.420 And if we stopped thinking about politics entirely about what we're entitled to

00:30:30.000 and what we have the right to do, start thinking about what is my obligation?

00:30:34.420 What is my duty?

00:30:37.500 We used to understand this.

00:30:39.800 Conservatives certainly understood this.

00:30:41.960 Even Democrats.

00:30:43.500 JFK.

00:30:43.900 Ask not what your country can do for you, but what you can do for your country.

00:30:47.240 Help out.

00:30:47.720 Lend a helping hand.

00:30:48.540 It's not the idea that the moral order imposes certain obligations on us.

00:30:52.120 And we don't just have the right to do whatever the hell we please at any given time.

00:30:56.740 That's not how we think anymore.

00:30:58.060 Now we just think about me, me, me, me, me, and it leads people to absurd places.

00:31:03.080 There is a leftist right now who just attacked another pro-life women's group.

00:31:08.160 This happened at 10 p.m. on Saturday night.

00:31:11.280 This leftist attacked the Concerned Women for America, 0.98

00:31:14.720 and he did that by showing up to their headquarters, to their office,

00:31:19.760 screaming, yelling, flipping them off, and then urinating on their building.

00:31:23.420 Exposing himself and urinating on their building.

00:31:25.860 The head of the CWA says,

00:31:27.880 Attacks on our employees and our building will not deter Concerned Women for America

00:31:31.120 from standing up for women and for babies.

00:31:33.160 We will not be bullied.

00:31:33.960 We will not back down.

00:31:34.980 And we will never, ever stop fighting to protect human life.

00:31:38.560 If you are a grown man, there's video footage of this, by the way.

00:31:43.140 If you are a grown man who shows up and urinates on a women's organization's building 0.76

00:31:48.740 and screams and yells and shrieks,

00:31:51.320 something has probably gone wrong in the way you're thinking about things.

00:31:54.600 If you are an adult and you march to a residential neighborhood to scare a judge's children

00:32:01.080 because you don't like a ruling that the judge may hand down,

00:32:06.280 something has gone wrong with the way you're thinking about politics. 0.99

00:32:09.640 If you think that the most sacred right that you have as an American is to kill a little baby, 0.99

00:32:16.800 no matter all the different reasons, 0.97

00:32:18.580 something has gone wrong with your way of thinking, okay?

00:32:23.320 There was a wonderful response to some of the left-wing protests in Sam Alito's neighborhood. 0.66

00:32:29.340 So you've got all these crazy leftists chanting, change the ruling,

00:32:33.060 you know, trying to influence this judge's opinion.

00:32:35.180 And one of Sam Alito's neighbors,

00:32:37.940 instead of going out and yelling and shrieking at the protesters,

00:32:40.260 he decided to just sit at his piano and play a hymn.

00:32:44.540 We are not your incubators!

00:32:48.900 We are not your incubators!

00:32:53.220 Justice!

00:32:55.300 Now!

00:32:57.020 Justice!

00:32:59.120 Now!

00:33:00.920 Justice!

00:33:02.960 Now!

00:33:03.640 You can hear them screaming and shrieking and going up and down the residential neighborhood,

00:33:08.820 and then you just hear this man.

00:33:10.220 You don't even see him.

00:33:10.760 Just hear him inside his home.

00:33:11.840 I guess he's got the window open, playing,

00:33:13.960 "'Tis So Sweet to Trust in Jesus."

00:33:16.600 Who do you want to be?

00:33:18.500 Who do you think has the better grasp on reality?

00:33:21.660 The crazy, shrieking people with all sorts of colorful hair and angry clothing

00:33:27.660 and shrieking and yelling and crying on the street,

00:33:30.580 or the man sitting at his piano playing a nice hymn of gratitude

00:33:34.320 "'Tis So Sweet to Trust in Jesus."

00:33:36.620 It's obviously the man.

00:33:38.980 We should all be this guy.

00:33:40.180 This is the way to do it.

00:33:42.120 He is standing firm.

00:33:43.900 He's not fleeing his house.

00:33:45.240 He's not getting out of town.

00:33:46.560 He's not running away to some hotel.

00:33:48.220 He's standing firm.

00:33:49.880 He's not throwing Sam Alito, his neighbor, under the bus.

00:33:52.440 No, he's there.

00:33:54.320 But he is serene.

00:33:56.180 Okay?

00:33:56.600 He is willing to take it.

00:33:58.440 He's not afraid of the mob.

00:33:59.560 No, he's just going to play "'Tis So Sweet to Trust in Jesus,"

00:34:02.700 because it is.

00:34:04.860 He and the protesters have very, very different worldviews.

00:34:09.900 His view, which is Christianity,

00:34:12.560 used to be the public view of the United States until very, very recently.

00:34:17.060 I know sometimes people say,

00:34:18.420 we are not a Christian nation, but that's not true.

00:34:20.680 We are obviously a Christian nation.

00:34:22.360 The people who founded the country were almost all Christians.

00:34:24.840 The public ceremonies, the public orations, the ethos, the founding documents,

00:34:32.440 they all speak to a Christian worldview.

00:34:36.740 What the protesters believe in is secular liberalism, leftism.

00:34:40.680 That's their religion.

00:34:42.320 It's private and it's public.

00:34:43.740 And they want the public religion of the United States to be secular leftism.

00:34:47.660 There's a town in Brazil.

00:34:49.720 Travel with me for a second, down to South America.

00:34:52.400 There's a small town in southern Brazil that just constructed a gigantic statue of Jesus.

00:34:59.160 A statue that is even larger than the famous Christ the Redeemer statue in Rio.

00:35:05.100 This town is Encantado.

00:35:07.040 It's a town of 23,000 people in Brazil.

00:35:09.820 And they just unveiled this statue, Christ the Protector, on April 22nd.

00:35:14.440 It was funded by a local volunteer organization.

00:35:16.400 They spent, obviously, a lot of money to build this statue.

00:35:20.440 I love it.

00:35:21.940 This really matters.

00:35:23.140 Why does this matter?

00:35:23.940 This matters even if you're not a Christian.

00:35:26.060 Okay, this matters if you are just a normal, sane person

00:35:30.100 who doesn't like the way the left has turned this country.

00:35:34.120 Because what this statue represents is public Christianity.

00:35:38.840 There is going to be public belief.

00:35:41.460 There is going to be public ritual.

00:35:43.660 Okay, I think we all get that now.

00:35:46.400 A lot of cultural conservatives have been saying this for 50 years,

00:35:49.240 and usually just until we're blue in the face and it doesn't go anywhere.

00:35:53.260 But people are beginning to see that.

00:35:55.560 We have public rituals all the time.

00:35:57.780 We have pride parades.

00:35:59.500 Now it's like pride quarter of the year. 0.97

00:36:01.800 It used to be pride day, then pride week, then pride month.

00:36:04.460 Now it's like pride three months.

00:36:07.040 We have drag queen story hours, a kind of public ritual. 0.63

00:36:10.360 We have public saints that we venerate like St. George Floyd and others.

00:36:14.440 We have this kind of public religion.

00:36:15.880 We have the maxims and the dogmas of the public religion like tolerance and diversity and equity

00:36:20.920 and inclusion, right?

00:36:21.720 We have all of this stuff.

00:36:24.400 Which religion do you think has given us the better country?

00:36:27.560 Public leftism?

00:36:29.040 Public liberalism?

00:36:30.760 Or public Christianity?

00:36:32.740 Obviously public Christianity. 0.77

00:36:34.300 You would want to live in the country that has public Christianity. 1.00

00:36:37.640 Whether you're a Christian, whether you're a Protestant, whether you're a Catholic,

00:36:40.360 whether you're a Jew, whether you're a Muslim,

00:36:42.380 whether you're an agnostic, atheist, normal person 0.91

00:36:44.700 who doesn't want to trans the kids and burn the country down every six months. 1.00

00:36:49.340 If you are any of those things, you will prefer the country with public Christianity. 0.96

00:36:54.420 So let's do it, okay?

00:36:55.940 Let's drop the charade.

00:36:57.660 Let's stop pretending that there is some neutrality.

00:37:01.100 That this was the last 50 years, there was this experiment that the left proposed

00:37:05.800 and the right bought it hook, line, and sinker.

00:37:07.400 That somehow the country is going to be completely neutral

00:37:09.520 and not take a position on anything.

00:37:11.320 That's why we've got to kick the Bible out of schools in the mid-20th century. 0.99

00:37:14.320 That's why we've got to kick prayer out of schools,

00:37:15.860 prayer out of the public square.

00:37:17.220 That wasn't true from the beginning of this country.

00:37:19.820 We had all of those things from the beginning of this country

00:37:22.100 until very, very recently.

00:37:23.800 And coincidentally, when we lost all that stuff

00:37:25.520 and when we exalted liberalism,

00:37:27.320 everything went to hell in a handbasket. 0.80

00:37:29.120 So maybe it's time to turn around.

00:37:31.780 If it's not even for your personal belief,

00:37:33.980 do it for the good of your political society.

00:37:37.400 Now, beyond the cultural issues,

00:37:41.920 there is a lot going on here that is just structurally messed up.

00:37:48.460 I'm not even talking about the cultural institutions,

00:37:52.360 the social institutions, or the schools.

00:37:53.860 I'm talking about the underlying economy.

00:37:56.380 We opened up the show talking about Janet Yellen saying how

00:37:59.880 we need more abortion so that we can make more money. 0.99

00:38:02.860 The economy is relying on abortion.

00:38:04.440 There's obviously a big connection between the social issues and the economy.

00:38:08.560 But people are not feeling very good about the economy right now.

00:38:11.260 Inflation fears are near record highs.

00:38:14.240 Record highs.

00:38:14.860 Americans' inflation fears are at a near record high in April.

00:38:18.320 Consumers are expecting the price of everyday goods to stay elevated

00:38:21.080 in the coming years,

00:38:22.420 according to a key Federal Reserve Bank of New York survey

00:38:25.160 published on Monday.

00:38:27.000 So, you know, on this show, we've got a wonderful sponsor, Birch Gold.

00:38:30.260 And we have the sponsor because conservatives tend to like some of these hard assets

00:38:34.140 to diversify their portfolios.

00:38:35.640 So anyway, I called up a friend of ours over at Birch Gold

00:38:38.620 to give us his sense of what this means for the economy.

00:38:41.400 I don't need to tell you that everything is getting much more expensive

00:38:46.440 and inflation is hitting record highs

00:38:49.680 and we're having all sorts of terrible economic problems.

00:38:53.560 So now the Fed is scrambling to hike rates

00:38:56.380 so that they can try to get this inflation monster under control.

00:38:59.720 And I really don't know how this is going to work.

00:39:02.820 But fortunately, we are joined right now by someone who does know

00:39:06.440 because Philip Patrick is a Birch Gold precious metals specialist.

00:39:12.360 You know how much I love Birch Gold.

00:39:13.860 They are great supporters of the show. 0.51

00:39:16.280 And so I figured, look, I don't know a damn thing about this topic.

00:39:18.940 So I'm just going to ask someone who actually does.

00:39:21.820 Thank you so much, sir, for coming on the show.

00:39:25.220 Thank you very much for having me, Michael.

00:39:26.780 It's an honor.

00:39:27.640 So, Philip, when the Fed announces last week

00:39:30.600 they're going to hike interest rates by half a percentage point,

00:39:33.260 was that an announcement that you were expecting?

00:39:35.020 Yeah, look, the Fed under Powell is probably the most predictable Fed

00:39:41.280 we've seen in many, many years.

00:39:43.280 And they've been telegraphing this half a percent rate hike for quite a while.

00:39:48.500 In fact, the Treasury market had already priced it in.

00:39:51.800 And they didn't disappoint, of course.

00:39:54.060 We've known for a while that they're coming

00:39:55.860 because inflation has now become a political priority for the Fed.

00:40:00.420 They're trying to address it.

00:40:02.460 And in fact, in that speech, Powell said that rates need to now go up expeditiously

00:40:07.880 in order to get inflation under control.

00:40:10.220 So we've got more rate hikes in front of us between now and the end of the year.

00:40:14.520 I think they're predicting the federal funds rate at 3% by the end of the year.

00:40:19.840 So as you'd expect, on the back of news like that,

00:40:23.020 the markets are already starting to suffer.

00:40:25.260 I am glad that I locked in my mortgage before this happened.

00:40:29.540 But it's still not going to protect me from all the economic craziness that's going on

00:40:33.220 at the grocery store, at the gas pump, everywhere else.

00:40:35.720 So how do you think this is going to play out in the market?

00:40:39.440 Well, first of all, I think it was good news locking in your mortgage

00:40:42.520 because rates are now at 13-year highs.

00:40:45.320 So that was a smart move.

00:40:46.780 Look, it's already starting to unwind.

00:40:49.380 This sort of Fed-sponsored everything bubble,

00:40:52.500 we're starting to see unwind.

00:40:54.000 The markets have been hit badly this year.

00:40:56.940 S&P down 16% for the year so far.

00:41:00.300 NASDAQ, worst start to the year since the previous financial crisis in 2008.

00:41:05.480 And even bonds aren't showing a reprieve.

00:41:07.980 The broad bond market is down 10% for the year to date.

00:41:13.600 The Wall Street Journal said it was the worst bond market since 1842,

00:41:18.200 for a little bit of context.

00:41:20.660 Yeah.

00:41:21.180 10-year Treasury now, close to 3%, which, again, doesn't bode well for the markets.

00:41:27.940 Usually the markets perform a lot better with Treasury yields under 3%.

00:41:31.900 So as I said, I think this bubble is starting to unwind.

00:41:37.120 It looks like the party's over.

00:41:39.020 I'm almost, and I say almost because it's hard for me to feel sorry for Powell,

00:41:44.120 but I'm almost starting to feel sorry for him because, you know, he's got a very difficult challenge.

00:41:49.700 It's like he's trying to land a plane here without an engine.

00:41:53.140 Is it theoretically possible?

00:41:55.320 Absolutely.

00:41:56.340 But there's a lot of extraneous circumstances making it difficult for him.

00:42:00.220 We have an executive branch that is spending money like it's going out of fashion.

00:42:05.640 We've got central banks selling off dollars now to 25-year lows.

00:42:10.400 There's a lot of ways to crash this plane and only one way to land it safely.

00:42:15.020 So I think we've got some tough times ahead, unfortunately.

00:42:18.340 Well, that is an apt image because what the Fed wants is to get a soft landing.

00:42:23.740 And soft landing meaning they avoid some terrible recession or all sorts of economic problems.

00:42:28.820 So what do you think the likelihood is of that?

00:42:31.780 I think it's slim.

00:42:33.220 Even in perfect conditions, this soft landing, and I could call it the proverbial soft landing

00:42:39.480 because I don't think from this circumstance it's ever been achieved before.

00:42:44.540 Look, our best chance, I think, is synergy, right?

00:42:47.800 We need cooperation, we need synergy, and an executive branch and a Fed that are working

00:42:53.140 together.

00:42:54.380 But it doesn't seem like we've got that.

00:42:56.780 We've got an administration, like I mentioned, trying to push through massive spending packages.

00:43:01.840 And what's concerning is they're not even being truthful, right?

00:43:05.660 They were telling the American people, look, this is anti-inflationary, it's going to lower

00:43:10.140 debt.

00:43:11.340 And even if they were working hand in hand, like I said, it's going to be difficult.

00:43:16.160 But look, to break it down, we need to get debt, we need to get spending under control,

00:43:22.180 which, again, not really happening with Biden.

00:43:24.960 We need to rebuild faith in the U.S. dollar as a meaningful global reserve again.

00:43:30.780 But again, the policies they're concerning, we're weaponizing our dollar, we're forcing

00:43:35.480 Russia and China now to look for alternatives, which they're doing with priority.

00:43:40.480 And we need to get inflation under control.

00:43:42.900 And that, I think, is going to be hard for the Fed, too.

00:43:46.960 Look, they need to raise rates aggressively to do it, right?

00:43:51.640 But they're so concerned about crashing the markets, they're sort of stepping it up.

00:43:57.000 But here's the big problem.

00:43:58.480 Even if they were to get aggressive, even if Powell was to turn into Paul Volcker, I'm

00:44:03.680 not sure we can, right?

00:44:05.120 Volcker had rates at 15% the last time inflation was today's level.

00:44:10.820 We can't do that today.

00:44:12.300 We've got $30 trillion of national debt.

00:44:15.360 So if we were to raise rates too high, debt service payments would be not feasible.

00:44:20.700 So the chances of a soft landing here, I think it's going to be very tough.

00:44:25.060 So I think people need to try and look at how they can weather the storm.

00:44:28.780 That's such an important point with the debt, because the only reason that we can afford all

00:44:32.180 this debt and we keep taking all of that is because we're not really paying a whole lot

00:44:35.680 of money to service it.

00:44:36.700 But the minute those rates go that high, then we're in big trouble.

00:44:39.200 So, OK, so you're saying we need to get spending under control.

00:44:41.640 Not going to happen.

00:44:42.600 We need to get debt under control.

00:44:44.100 Not going to happen.

00:44:45.160 We need to get good fiscal policy.

00:44:47.600 That's definitely not going to happen.

00:44:49.000 So then I suspect, I know your answer to this.

00:44:52.580 I suspect your answer is the same answer that I would have.

00:44:55.680 What can we do?

00:44:56.880 Look, I think you do know the answer.

00:45:01.720 But look, I think the key is to understand the issues, which is why shows like this are

00:45:06.440 so important.

00:45:07.220 You keep people informed.

00:45:08.680 And I think once you understand the issues, then the solutions start to present themselves.

00:45:12.980 There was an interesting quote from the president of the National Bank of Poland, and he summarized

00:45:18.600 why they're buying gold.

00:45:20.660 He said gold is not directly linked to any nation's economy and can withstand global unrest

00:45:26.580 in financial markets.

00:45:28.100 And we're seeing it being used.

00:45:30.220 Russia, after we sort of took them off swift, we destroyed their currency.

00:45:34.460 They pegged oil to gold prices and, of course, stabilized the currency.

00:45:40.220 So we can use it in the same way.

00:45:42.480 Look at the nature of our issues.

00:45:44.460 We have currency devaluation.

00:45:46.220 We have inflation.

00:45:47.340 We have bubbles in the stock market.

00:45:49.080 As negative as these things are for people holding stocks and bonds, they're very positive

00:45:54.880 drivers for safe haven assets like gold and silver.

00:45:58.660 Inflation drives them up.

00:46:00.640 Market corrections tend to drive them up.

00:46:03.420 So they're conducive for the climate they're in.

00:46:06.020 So I think for individuals, it's just a case of hedging some of your exposure so that if we

00:46:10.940 do see broad corrections in the market, we see inflation eroding buying power.

00:46:15.480 At least there's a portion of your portfolio that can grow in that climate and mitigate.

00:46:20.620 So it's just about diversification and making sure people are hedged.

00:46:24.340 And as long as you are, you can weather this storm.

00:46:26.740 Right.

00:46:26.920 I joked, actually, when Birchgold first came on the show a long time ago, I said, now I

00:46:31.620 know that I've made it as a conservative broadcaster because Birchgold has been a really great supporter

00:46:36.360 of conservative shows and of this show.

00:46:38.580 But there's a reason.

00:46:39.440 It kind of makes sense.

00:46:40.280 There's a reason why conservatives generally really like to diversify our portfolios with

00:46:45.160 gold, with silver.

00:46:46.620 And it's because of all the things that you've just stated.

00:46:48.600 So if you want to get a free info kit, no obligation whatsoever, text Knowles right now

00:46:54.700 to 98 98 98.

00:46:56.600 Something tells me probably some people now are kicking themselves and wish that they texted

00:47:00.900 to get that info kit a few weeks ago or a few months ago.

00:47:03.760 But it's not too late.

00:47:04.760 Just text it right now to Knowles to 98 98 98.

00:47:08.500 Philip, thank you so much for coming on and helping to clarify this.

00:47:12.640 And thank you for supporting the show.

00:47:14.560 Thank you very much for having me, Michael.

00:47:17.480 As Andrew Klavan likes to quote Ernest Hemingway as pointing out, things happen gradually, then

00:47:23.220 suddenly.

00:47:24.060 And big economic problems can happen gradually, and then suddenly, then all at once.

00:47:29.140 That's what we're seeing happen right now.

00:47:31.140 Probably the craziest story of the day, we don't have time to really get into it, is that there

00:47:34.960 is a baby formula shortage going on right now.

00:47:38.260 Not just a minor baby formula shortage, like a really, really big one.

00:47:42.180 Like 40% of all baby formula products nationwide are currently out of stock, according to data

00:47:48.280 that were reported by CNN.

00:47:51.020 Libs are blaming this on a recall of products from one plant by this one group, Abbott Nutrition.

00:47:56.480 Regardless, this is a huge problem.

00:47:59.240 Some people are saying, well, just have the mothers breastfeed. 0.99

00:48:01.320 Not all mothers can breastfeed, not all babies will latch, and sometimes the supply is not

00:48:05.100 enough.

00:48:05.660 This is an actual acute food problem.

00:48:08.140 This is a starvation problem right now for the most vulnerable people among us.

00:48:12.660 Because of what?

00:48:14.860 It's not just because this one plant went down.

00:48:16.660 It's because of the horrible economic turmoil that our politicians foisted on us by shutting

00:48:22.120 down the whole damn world for a cough for two years, and by disrupting the supply chain, 0.65

00:48:26.160 which disproportionately hurts industries such as baby formula. 0.93

00:48:29.680 This is a big, big economic problem that's going to have massive cultural effects, and

00:48:35.120 the Libs are calling it a conspiracy theory, and they don't want to talk about it.

00:48:38.080 When people were reporting on this a couple of weeks ago, they said, no, no, fake news,

00:48:41.860 completely ignore it, nothing to see here.

00:48:43.420 Now we're seeing the real effects.

00:48:44.780 Well, what's going to happen down the road?

00:48:46.920 Time to prepare ourselves, time to be serene but firm and fight back because things could

00:48:54.260 get, things could be changing gradually and then suddenly.

00:48:57.640 I'm Michael Knowles, this is The Michael Knowles Show, see you tomorrow.

00:48:59.720 If you enjoyed this episode, don't forget to subscribe.

00:49:08.840 And if you want to help spread the word, please give us a five-star review and tell your friends

00:49:12.960 to subscribe.

00:49:14.240 We're available on Apple Podcasts, Spotify, and wherever else you listen to podcasts.

00:49:19.480 Also, be sure to check out the other Daily Wire podcasts, including The Ben Shapiro Show,

00:49:24.000 The Andrew Klavan Show, and The Matt Walsh Show.

00:49:26.280 The Michael Knowles Show is produced by Ben Davies, executive producer Jeremy Boring,

00:49:31.300 supervising producer Mathis Glover, production manager Pavel Vidovsky, editor and associate

00:49:36.600 producer Danny D'Amico, associate producer Justine Turley, audio mixer Mike Coromina, and

00:49:42.940 hair and makeup by Cherokee Heart.

00:49:45.180 The Michael Knowles Show is a Daily Wire production, copyright Daily Wire 2022.

00:49:48.860 Today on The Ben Shapiro Show, Joe Biden comes up with an odd label to attack his political

00:49:53.440 opposition.

00:49:54.700 Ultra mega!

00:49:56.480 Plus, the White House encourages protesters to break the law by descending on the homes

00:50:00.080 of Supreme Court justices, and the Treasury Secretary is now very much in favor of abortion

00:50:04.380 to help the economy, you know.

00:50:05.700 That's today on The Ben Shapiro Show.

00:50:06.780 Give it a listen.

00:50:07.140 Thanks, guys.

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The Michael Knowles Show - May 11, 2022

Ep. 1003 - The Libs Are Angry And Want To Fight

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