In this episode, I address the disastrous opening night of the Democratic National Convention, and the real story behind the ridiculous Michelle Obama speech. I also address predictions about what’s next for the economy and the stock market in the coming months. Finally, I discuss AOC’s latest, economically-backward, suggestion.
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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Waiting to hear the truth about America on a showed its not immune to the banks with your host Dan bungee. No, so the Obama Tsar so excited about it. Joe Biden presidency that there,
a glaring omission from Michelle Obama is widely lauded speechless the media loved it, but they were
big omission, medium of course, in those Michelle Obama, no matter what she said, they would love that she could arise,
word with for word from nineteen forties, poetry book and then we're vague, its greatest thing ever.
But did you notice Kamala Harris's name didn't come up? Why I'm going to get there
show today, because it just speaks to how onyx
the Obama bizarre about abiden. Presently I got that
got a video bio sea which is pico see, but it's important because it speaks to the Democrats, regressive politics. They want to go back to the horse and buggy,
so got the situation going on a California which is really serious with their power grid, but shows you
and why social states who are soon to be socially states? I California, can't handle anything racial bite you by express VP end. Ladies
get a VP end today, protect your online data from those prying eyeballs go to express, Vps, dot, com
slash bonds. You welcome they thereby GINO show producer Joe. How are you today
that disastrous opening night of the Democratic national, conventional
pretty. Well, you know and
where's your wise earlier that, by the way I do that amount of it just very little bit of a guy does Yea metering and about as little as possible
little so that I could commented on it comment on a responsibility for how did I added I turned around? What will we want you? I think we are watching like below deck
add or something like that just to get out of it. It was so. What are we widely known? This scam show right there I did see or about the scan yeah, because it was after the show about this guy, and I said I just said that I watched the day at sea which show about scabs. I was it on its edge, nor article joke about a reactionary show about the scare
just watch. Videos in fell. The other show America agree.
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Rachel, let's go by the way, any side note. I may be getting my my my nose fixed soon, because many of you
restoring the show I'm constantly like breathing funny, I can
breathe anymore through the left side of my nose at all? I had broken badly when I was the boxing in China pre like an Mme guy, which was really workin out too well. For me, my brother brow.
During this part session bad member, that polish flat new blood, if we were really growth, so I can barely be so. I'm open my doctor friend, unwashed Shokhin, hope me up. So I can't I'm telling you I can barely sleep anymore either, because I can bear
we do the left side of my soul, compress out of headaches, go on it and it didn't do any good judge you on it
The last night was opening night of the disasters Democratic national convention. What a joke I may want to total mess! This thing
I'm sorry it was a disaster even poorer.
Some political commentators, but who give pretty sober analysis. I want to say, like non passionate, but guys I guy Benson on Fox User Republic, but guide US
it's like a lotta hysterics in theatrically, pretty sober annals. I saw him on
boxes of Missouri Fox in France or the new show this boy and he was like listen. It was just kind of
boss, like did the energies low and-
to be fair, it's kind of hard to do a convention without a convention.
Breathing was that look like a big zoom conference. So
it is bad enough, but there's a real benefit here. There are
Publicans, going second, and that's it there.
To be able to see this new conventions, like assume conventions, there's no in person or relatively few in person activities and arrogant,
be able to correct mistakes. The energy was low, obviously
a partisan here, so I'm even trying to be objective
If I was trying it was just a bad performance. The speeches were dull, they were dopey. You had total losers, like John Casing, Fake republic, informer,
of Nerve, Ohio and congressmen. John case issues, I'm U like Republic,
and then it was a democratic national commercial cases.
The total loser. Who is never seriously he's of one of the most? Unlike guys in republic in politics, Kay
sick are blown out by Trump and the republican primary when he was running for president never got over never got over. So we
side. We give some dopey speechless era, are adequate,
rose and Joe very clever,
he was standing at a crossroads in a road when he did it
I'm not kidding about emu to chase. Please you're setting new, but he was literally look look up at a crossroads. We look came across this gene.
Yes. The laws at this decisive, add across the road which show case
give weren't across crossroads, don't fall for damages, but here is die John K; secondly, republican
so convention years ago
talking about the guy he supposed they now loves. Joe Biden check this you're went out. This is great, but Joe Biden told me that he was a good golfer and I play golf with.
By now can tell you that's not true as well as all the other things that he says. Did the gipsy do. Did the flippers
the diversity of flipper risky with what aid, what five times?
seventeen forty nine, not nine, nine, eighty, whatever case six, a risk as a total fraud and what I dont get about. This
having a bunch of republican swamp rats, MEG, wait been Christie, Todd, Whitman, John
hey sake: Susan Molinari, a bunch of deep republic in sweat,
Brad? You have been swimming in the republic in DC, swab or local political swamp forever. Speaking at the democratic convention against Donald Trump,
serious question. How does this hard trump, whose kind
simply running as outside
the traditional to party mob. He is
run a largely populist campaign which some something's. I disagree with a lot. I do but
he's running as I am not a subject of this
Party model that failed you for decades. Is he not? Is that trumps theme? Is that right?
missing. This right, Georgia, normal everyday voter who here
Maybe I don't? U regions where I ve, not a politician. I right there's always been so. How does this matter? I really don't get. How John Casing thinks he's not.
Making shrubs boy but trot
a bunch of republican swab rats if the Democratic National convention to speak out against
opening doors, but we gotta now good one,
Let's try topic, I put him in a quite Joey's at a crossroads. He's
actual rodion as across the Joe Crosstrees out across Europe. Put him out across Europe. Is it so clever is
hope everybody forgets. The video of John Casing calling Joe Biden a big liar at the less can make forget that.
Let's get out of this mess. Such a cloud shells are really was
I do I know about objective. I'm seriously like
trying a little bit and it was
so boring? I am a political comedy. I could watch it and it even
gory at a Hollywood. You know the Hollywood crowd comes out. Yeah I get off,
got it so whenever this is like
sixteen all over again
visit, any the swing stays trot out there,
would crowd poor people,
I think all everybody racist that worked out very well for the Democrats and twenty sixteen. So
here's Michelle Obama. I want you to listen. It's just that.
Clip here, because the media loves it transformative, epic other worldly.
Like figures, small g, Michelle Obama sheet the media's going crazy, her speech with the speech, so
Bruce was born in
a couple, a high notes in it. It was boring. It was just boring. There was nothing epoch.
I put the media loves. It is its Michelle Obama. Do
my due diligence, here's a short clip, I'm sorry. It is subject to this, but I want you to know you're not going.
Or any mention of Kamel hours in this short club- and you
can you hear a mention of Kamel hours anywhere Michelle Obama speech? If you go back and listened the whole thing,
Finally, why it amend? Remember there so excited Joe there so excited about wide everyone. John
Somalia is at a crossroads at a road at an actual crossroad. Did you catch that so clever to show what his way above
you guys are good cry me to reach us. We could even so brilliant scientists me a minute view some brilliant I didn't even get to similar. I was like wow
so symbolic, so there's so excited K. Second, Michelle Obama about Biden that she did this check this out. You know Joe, he is a profoundly decent man guided by faith. He was a terrific vice president. He knows what it takes to rescue and economy, beat back a pandemic and lead our country and he listens. He will tell the truth and trust science. He will make smart plans and manage a good team and he will govern
someone who's lived, a life that the rest of us can recognise. That was my own, but we were heard stood there was almost sounded like mother
a motley. That is that, but we compare to my mother. She wears jointly here. I'm just check pretty hot chocolate. Salisbury hose
When I was why not
Oh that was where she hates Motley AIDS. But this is a big controversy on my show for years. Many
all the wishes of Paula, hates Motley, like there's no time off to sound like money, so, let's break
thirty second clip there, because I can't
like you to any more the absurdities. Ok, this speech was really. It was boring
I'm not going to lose my eyes, but just a couple of these chose a man of faith or he is
I'm just curious: listen, I'm a sinner, like all of us are but men of faith who supports what lay term abortion
check. I don't know where that is in the catholic Christian Faith doctrine. He claims to be a man if I'm just I'm just checking. I don't remember that one in church last weekend pretty sure that wasn't there
So I think we can scrap the mandate. He is a man who will seek out a quick, but for him and his family, though, as you can tell by Hunter Biden, sweetheart deals and other family members have got sweetheart deals in foreign. Can
many of our enemies II. That says he S. Faith face
in your body dollar. That Joe definitely has faith now faith in a higher being,
a capital g God, I'm not so sure about.
Given that isn't really practice anything. He preaches second point: she makes
which is on a hilarity scale. A night.
Point. Seven two out of ten June
I know how to rescue the economy of heat,
rescue his economy by get news,
Son sweetheart deals in China. Sweetheart deals
Ukraine having prosecutors. Looking into the sweetheart deals fire. He definitely
those at a rescue is all personally economic situation. Had a rescue and economy did Michelle
Barbara forget that her husband
in conjunction with the hapless Joe Biden, we're in charge when they were.
Recovery based on GDP growth, these standard metric for an economy and a man
in history, happen from
recession, the worst recovery from a recession in american history was her husband and Joe Biden.
He knows that a rescue and economy his own set of rescuing. Where did you get that who wrote that doping line for even
course he knows how to respond to a pandemic. You movement,
blue at army abolish crisis enduring.
Each one and one crisis when he was like yanked off the stage for giving a speech where he told.
Anybody not to get on plays the Obama administration freaked out on you mean that one,
I mean the one where they deleted all the personal protective equipment and never replaced it and handed Trump a bunch of empty coffers with no face mask to respond. If you mean that one.
Of course, Michelle Obama knows the going to celebrate a speech she can lie about by now. If you must to actually going actually fact, checker fact checker. Firstly, like know Facebook, the other fact checkers. Finally, he listens. He listens.
This is, tells the truth. He listens it that that's hilarious. He tells the truth. You
This is the guy who plagiarize Neil Kinnock Speech, who told you we graduated at the top of this class. Despite being at the bottom of it,
where's, the guy who said what he had two degrees. He did not have two degrees. I play that media research centre could forget what we ve burned. It so many times. I think
Susan Lustre, Joe Biden, never tells the truth about anything. Joe Biden now is increased,
about telling the truth. You just remember what the truth is that what he said five minutes ago. So we can't repeat what he said: five minutes, because he doesn't remember now before I move on the final portion is.
Why did you not mention Kamel Harris? It is Joe Biden selection for vice presidential candidate here in the democratic. Kick it. Why not, when I mention Kamel ours is a friend of the
I'm a family while I'm hearing it happened because Michelle Obama tape this tape. The speech before Kamel Harris was selected, so they
of Uncle John Lunch Pocket Joe Scranton kid. This screen kid you're a little box, your name, if
a mega within our committee is a big guard player and I may just Scranton kids. They love him so much that they tape
and didn't even bother like re cut it.
Their Kamel ours was picked, don't
the rub. My yogi schedule, Michelle Obama they met with me check. My schedule may go my
calendar here calendar app.
In Poland at up. Let me see to have an open day, Miss
Do not sorry guys, I can fix you win on law,
Tuesday at between two thirty
forty five send a cat
accrue to my house? Hey, we become
Can you re caught a line or too may be? Where the same? Not on that even get a bother you once you get through my busy coffee, clad schedule. I get an appointment over there with my my friends at Starbucks. This is how much they loved the Scr Scranton CARE job description kid. This is how much they love Joe Biden, whose honest and listens
it is great on the economy and its captain pandemic response. That's how much they love em. They taped it weeks ago, loves show
Maybe you should listen to Joel Osteen when I asked you to recall it after Comma Harris was selected,
but I'm just drove out their small possibility. Maybe you should have done that
man. I want to say or see they I know. I know I was get the feedback offer. You see, I get it. I totally get it many of you hit me. I had my counted, but his fine realise atta had a call today for a member that forgetting alike, sent alarms from us.
By the middle of the day I might pass, but I'll always get emails. When I do it, they don't highlight a Yossi. No folks, we have you, because you can't let this stuff right. Under the cap,
oh, ignore or shall go away. They won't go away. They just do all four members of the squad, just one their prey
measures are not going away any time soon, you'll away to fight back as to confront their really.
Stupid ideas and use the linsky tactics against them with
the humiliate there really stupid ideas its import. She I'm gonna go
That is saying. Let me get to my second sponsor gotta call a watch on three could see for my friends.
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go today, sway or sees back his back.
I'm not going to use any analogies here. Could they be awful? And I thereby just getting myself in trouble
She is back, she put it.
Video. I don't know one of her social media accounts only know which one it was by someone said that to me,
and I see, has another idea- membership, scattered and economics degree
sure how that happened. But whatever so,
Here's a yo, this gene.
That idea, Joe on
save the post office, I guess you user economics, the grief and this one. You know economics about
using scarce resources, efficiently, getting society to move and allocate scarce resources efficiently. The whole idea behind economics: how do we make
more Madison, more medicine, better
we make vehicles more efficient, SIRI entered
U I kind of their economic bay, but here's our idea about how to say if the post is just classic jets. I got some other ideas after this one. It proposed to Elsie too after this genius idea check this out
low everyone. I have been thinking about ways to help. You help the post office and I think I've got an idea and I'm interested in hearing your thoughts. So one of the best ways to support the post office is to buy stamps. What do you all think when you asked me down and excited if I set up a national progressive pen, POW Programme, do all the work of connecting you to somebody else we would offer. Maybe some conversation prompts or postcard prompts and even like a principle, postcard format, you just
send it out. Would you that's me down you like that idea whose beat I love this by the way should be down. We can be sure your bad, I'm still coup. Were you down. You down would deprive
you down so
Yes, air sea has an economics degree. She want
you to start writing letters again,
I know I know I know I know I'm sorry, I get it.
I get it. I know I know some of you are like get me that Neuro protective brain
supple made, because I got a few points Delmar just listening to that vote there.
Reason we don't?
letters any more people, largely using stamps, because.
Jaw way for it when way for it,
your nerve, sit back way for a new technology.
Standby stand, easy do not get excited. You may not have heard of this Joe. It's called email, email,
Oh my gosh almost forgotten about that. Now that
once in a while in the morning I send clips anyone. So that is a kid I cant do the show. I can't do that. I can't take this anymore,
so, just to be clear, I see who's
was that we as the Green Economic, where we're supposed to be looking
Four efficiencies had a decrease in ports and increase outputs. You know that
a thing may teach you in economics. She wants to turn back time.
So she wants you to pay. I had to take some notes on this because I want to be sure, I'm sorry, I'm legit cry
Jake Cry and right now we ll take a second here too much
really adviser go to my computer reggie, because I need to take a second to gather my thoughts so just to be clear what you want,
once you depend pen powers to go out.
Letters to each other, she wants you to pay for communications that are now free,
model of efficiency, Joe, so you
we communicate with him. Email, computer phone tablet, Ipad thing:
the way Joe and I M, who produced to show electronic communication. She wants you to pay to communicate with your pen, pallor socialist friends
using a technology from twenty years ago, a pen and a paper and a stamp that you can do for free now should generate trillions. Yet.
Is she watched?
a waste, your money that gets worse to pay for something that is currently free,
Sounds like a model of economic efficiency. To me, please turn in
degrees that. Secondly, so let me underline that adverse pay
for something it's free says: she's real geniuses. Secondly, me another: she wants you to wait
for a service that now instantaneous email send instead
She wants you to wait weeks. They hear back from someone you could hear back from its seconds. We, this
your mail system that nobody uses anymore, because they don't want to wait. I've got an idea. I've got an idea, a Yossi died. This is,
I do have other aid, but this this idea just get. It came out of the blue right now on the show extemporaneous
I've got it
A Yossi lead the way on this, because europe-
an economist. Of course. I want you, your next campaign to lead from
fraud and run it exclusively by snail mail play I want
happily yo see blood. I play
to run my camp of exclusively by so, of course, you won't do it because it
be idiotic because
would be spending money on input. She doesn't need to spend money on on an output mail that
a weight time. She doesn't need to wait for because you could use the email for free.
Finally, so pay for something you don't have to wait for something you don't have to end
your time using equipment that you don't need to use. I e a pan driven him overload here. I do have standstill stamps, a pen, our beloved and making making up a lot like the awful up. So my mother law, we system
dogs, the dogs from other areas, like my feet, like you make it to always like, in my view, stop like at my feet, dogs. I love the documents that pledge to oppose the top stop. If it's like the air force, its dont use, a sponge you'll have to do that, choose to emu, a male the can
Peter San email, address.
A yo see it a yo, see whatever got something
It's not hard, the National PEN Pow Programme,
So I've had some other ideas.
So considering at
thing. Money is not a big deal to her. She should pay for something it's free waiting for a product. You can get instantaneously, she loves had to and wasting time
I'm using outdated equipment in the area of Sea school of economics as a matter of some other ideas Jody. These may run these by not so
Paul. I wanted me to report on this new support. We gotta get her one of these days.
We will get our, maybe a lotta requests from fall under my ride out. It's our here, one of the Taliban,
she really does exist up at some interesting suggestions by, but yesterday, worship, I'm gonna have to leave as its family friendly. After yesterday's sheriff, you missed it. It was a german Youtube idea. Number one job,
I think we should ask you S. Postal service mailmen workers to go
and basically destroy mailboxes as they deliver male, because it would do a great day. It would get mailbox production companies to produce more mailboxes. We,
higher, more mailbox people which would save the entire snail mail industry, just a rift
I like you. I did. I now destroyed break the flags off what our own tumor,
put firecrackers put firecrackers. They want to be a danger to break the flag or may put a dent in it. Take a little gavel.
Hammer the mailbox little bits of people. Don't like me, H, away, gets evolve. Ya, got dance in your mailbox about new member, the mailbox
industry would explode too great.
It uses a or several paper new mailbox. You know me wait for a new
mailbox. You did me because it wasn't broken and waste a bunch of money on assets Newberry.
New mailboxes. They didn't need to be wasted and could be put to more efficient use, but it doesn't violate any video season. Rules can I was ass. They grow. I like that. Here's another one. We should start a,
nobody wants a national pen pals programme. We need a national equestrian programme why we were who, with Asia we
the train kids at a ride horse. We could scrap the cars, we can save a bunch of gas that went to keep the fossil fuels
we'd, all right horses around
wild horses, we cannot be on horses. The school
very little: hey the little like things around
but so when a when they, you know when they do their thing in the school parent July, you could saddle on opening up the drop their there there's stuff
for the post horses a whore. This
super efficient man, it's it it. Basically,
Scribes in stone and sanctifies Eo Trieste agencies, three rules of economic pay for something.
You don't need a new horse, wait for it
service right transportation. Services can
you're a lot longer. You'll have to wait a lot longer to get the scope is a horse doesn't go as fast as the car?
waste a lot of time using all the equipment horses
That you didn't need to use you could a bit in your car
a Yossi roles. We get on one two three meets of all bets rector mailboxes,
let's get a national horse riding equestrian programme. One more this disagreement. We can ask the kids to train carrier pay
I wonder how the snail mail folks, why waste your
I might add your. We can get it even slower.
We know what even swore slower than that.
How do we do that? Snail
let's wait you fit if we use carry
page and we could double the time to get the communication. That's
a Yossi rule. Number two wait really long for a service. Its now instantaneous. We can wait even longer carry your pay.
Put a little message on a little feet. You get you send
our goal, because it find every beyond MIKE Tyson webpages right,
we can waste time using equipment. We don't need. We can. We
time using pigeons. We never used before training the pigeons and everything is good and we can pay for something
to be instantaneous. We can pay for the privilege of buying a bunch of pigeons and pigeon traced. Those are just my three ideas that subscribed to EO, cease three rules and will add a fourth which is she should commit the leading from the front and running our next campaign exclusively by carrier pigeons. Only fair
I was listening vocs yesterday on my phone, sometimes when I work out afterwards by the way is working out yesterday and I got back into grappling this week, you spend a few mine,
is Aronia. So one of my buddies came bodies came down. I gotTa Matt, my house of forced Labour Matt,
A man. Did I get my caboose kick this bad? My grappling skills have diminished dramatically folks. I too,
three months off in at forty five, I'm going to say to you, there was at this guy's really good. But that's not an excuse. He's, like he's, been a black belt in brazilian Jiu Jitsu since two thousand and eight, but it's guys forgotten more stuff about you too, and I even know, but then he wiped the floor with
and so I woke up yesterday. Some of you may have known. I was like this policy.
We know the tin man with the sweet
Oil, Paula headed
you two ten man rotti little,
I took a bit, but I went
work out my mad room in a gymnasium as this enough oxygen armoury hearth, one fact
and she was touting this- she happens to be a liberal, pretty pretty far left liberal.
And this thing about the other post office hopes that Trump is slowing down the mail to mess with the election to be addressed yesterday for twenty minutes and totally dismantled and a segment, we got a lot of good feedback on she
We knowingly or unknowingly, released the Democrats new talking point: what is the Democrats new talking?
the postal service, because they're the hopes, the postal service hopes that it hopes trumpet slowing down,
it's so idiotic, and every man
like way way? Liberals
just figured out now that the post offices inefficient, if you just figured out yesterday,
postal services losing money and is inefficient, then you might be
liberal or you might be a media moron, I'm just say because
everyone else in America, like literally everyone else in America, knew that other than you not even figuratively, like everyone got that, but you
if you just figure that I guess you may be a liberal or a medium or so they need
talking point because the new
he beheld the Post office house, which is the equivalent of the pee pee dossier.
We're going nowhere and falling on its face of people were laughing at them. Yet the post office gonna mess up the election.
Some of the states are doing at all in their own right.
Somebody said here's their new talking point
She said well, the Post office has been losing money. You know. Basically it's been inefficient, nor by
it's a service, its a so for the american people, all all, ok, there's so clear,
So the new talking point. Always if it's a service efficiency does it matter at all? You know a service.
Providing food and stuff we don't
The post office is an independent agency just to be crystal clear through even that doesn't work, but their new line of attack is the
government should do it, even if its
Was I independent age? She liked opposed to the government, should do it because it's a service well Jonah begs common sense questions like what list
Providing food service as well
I'm just saying I mean why. Why does the government take over all the farms do and lose money there? Well, why
we actually want people to eat and when the government takes over the food supply, you get the great famine like you had with MAO Zedong done. You get master
they should like you had the Soviet Union or you have a North Korea today, where they are literally taking people's dogs to eat them, not kidding
will the story yourself, North Korea, dogs, it's really grows, and really disgusting and very tragic, not a joke.
They are eating people's dogs in North Korea. That's. Why
happens when you declare something a service and you allow the government to take it over
So Marie was unintentionally making free market
we're carrying a conservative folks points, not hers, tat
It's a service and, of course it loses money because the government does it have thanks Marie. You made our point about yours: that's their new talkies, shockingly, that's their new talking boy,
No, I don't know it's a service. It loses money all because the government does it excellent excellent point policy that makes sense coma vascular about the Marie question. For me, it's a service.
So's restaurant management. We don't have the government managing restaurant, we do they put him out of business and New York. That's right with the Roma.
Now showing you, how does this whole pulses servers things from EO sees backwards economics to save it, to Marie's point that, oh, it's a service
the government run sets a ok that they lose a bunch of any happier by Freddy Zipper on Twitter in this is to show that I found this clip on his twitter feed
here. This is Obama back in the day when
He was pretending to be a serious person for using the whole weapon eyes in government spying on his poetic.
What I'm saying, member that just by it.
There was even before that
pretending to be a serious burden. Here's Obama, counteracting
Marie's point. There are no worries the servants, so the government should do it because they'll run it so much better, really check him out. If, if you think about it, you PS and FED Ex are doing just fine now there of it. It's the post office is always problems
I know there is a plumber himself, but again when he was still a serious you're trying to be a serious person is
the post office zones have robbed here yet because the government is involved it sitting there.
That agency in name only they wanted government Bela. You pay
aspects are due advice. They figured out and efficient way to pay
ass, with a less of a way to deliver your package while not way
the capital they violated. Eo sees all ecosystems
Rules are economic pay. More way
longer and waste. The latter stop Fredericks,
you PS have Violet
all of economies. They owe sees rules, they pay less for less weight and less waste who I've gotta here's what's coming up. I got a bunch more money if my third sponsor bet California, this serious problem in California, with these rolling black Ass, California, is becoming venezuelan. Like power grid. I've got to
storing it's important to understand why this happen and am reading it mom I'm going through this story after this, so you understand, like its people, like Eo C in the backwoods economic centre, causing your blackouts in California right now. That's all
Percent, the real just get that I've got that and have also got an interesting story about these locked downs and how the evidence is now mounting that these things were a total epic disaster. There are third sponsor today, our friends at job creators network focuses its import, never knew sponsor. So please, if you
my gimme just a minute of your attention on this super super. I'm I'm this this question. He email a lot a lot like a hundred two hundred three hundred times a day between all my platforms. Then we got to save the country and November. What do we do in various forms? That question comes in all the time Joe and I got it at the June. We won
bunch of people. What do you do like you? I know America itself is on the ballot in this election. Our freedoms of free enterprise system, a way of life, the twenty twenty election is about. Turn out
you know, vote it. Doesn't matter! You no vote. You don't show up we're gonna lose. Our opponents have to get out the role they have.
Get out the vote machine it's time for a massive, get out the vote, efforts of our own sponsored by my friends at job creators network, here's how it works, go to ten thousand four hundred and twenty calm and take the
and for twenty pledge you'll receive a link and it will give you the most trusted voting information tools you can use to become part of the largest conservative get out the vote effort ever you'll bs
Send a Lincoln message to ten people. You know who care about America important
drowning in my party, huge mistake not to lose your country. It's time we gotta do something time to step up, said
family, your neighbors church and Work France, its simple, it's easy and is the difference between a winning twenty twenty and a loss to join this army for freedom and save our country, go to ten for twenty dot com and take the pledge to drive ten p
to the Poles November? How long I've been talking about this? By the way,
ten years? I called a ten ten ten. Now we get a website, ten thousand four hundred and twenty com. Don't let our opponents at work, as do your part, go to ten thousand four hundred and twenty com? That's the number ten! Let me just read it three straight through so it's ten. The number ten
after a war for and the number twenty two zero dotcom ten for twenty that come.
Zero, f o are two zero dotcom. Go today, turn out turn out turn out. Don't let us lose a selection. Ok, I spend a lot of time on that. The agencies, but it's important at it, and it sideways nicely into my next story at the Wall Street Journal folks. I really feel bad for you in California. I do I
old, quite a bit to LOS Angeles and area. I like it. I was a lot of good people, there's a shocking number of conservatives by the way in Lausanne,
even in areas I Beverly hills. Believe me I,
The only reason I don't talk about it more and am I being absolutely candid Willie?
and I don't mention names is because
And you know who you are people who
Approached me, when I'm in California, or by Beverly Hills and like a fool areas,
Have you show what have I dont even mention? Among my show, a lot of my pretty prominent people, because I don't want him, they get boycott, might even kidding
Paul, I remember that story, the restaurant. You know you are poor. Guy I'll leave it at that their Bobby burners restaurant down, otherwise I feel bad for the people in California. You re
being sued over you know in California, is doing rolling black ass. You like dad that's a story about Venezuela, North Korea. No, it's Storbeck, California, it's a real story. Whilst you shall not kidding, they can't even keep their power.
A new socialist California. What's your journal,
indeed, from the other day August. Sixteen California is black out warning eighty fossil fuel,
These are leading to electricity shores, folks
This is not a story about it
ya gonna deja vu.
Venezuela or North Korea
This is a story about California view.
Mildly. Ironic bet: mildly around
the California home, to basically every high tech, come
on planet earth or in the cosmos. High tech technology can't even keep the damn light on.
You find that even mildly ironic.
Shouldn't? If you understand the California is run currently by socialists who subscribe to the
I see three rules of economic pay more for things that are free way
longer for things that are instantaneous and waste a bunch of time on things you don't have to waste any time. If you subscribe,
those three rules, like the California. Do that's how you get North Korea, like electricity production
what is really happening in California. Let's go to
in gas, screech outnumber one from the peace there practising green new deal like power management
California. Less experienced rolling black ass, the two thousand one amid energy market- manipulation by speculators. This time
The cause is energy market manipulation by eighty fossil fuel politicians Democrat
mandated that renewables account for sixty percent of state electricity by twenty thirty, its force, their power
providers to invest in renewable energy sources now met to meet the deadline. So here's what happens folks,
during peak daylight hours, California,
it produces a surplus of solar energy. Why wait for it just wait for it.
The sun is out during the day. I know I see stand by this so during
daylight hours, job there is a surplus. While that's
dared huge success,
It goes on all that because of this
plus power. Generous generators may be ordered or paid to cut back their production, so the energy grid isn't overloaded, then
Friday and Saturday. This California powering see reported that about a thousand megawatt. I was we're curtailed and after power. Third,
thousand own this year.
Point three megawatt hours of power have been curtailed. Maybe sane yourself, that sounds like a yo sees dream:
sons going during the day, all this so much choice so much power. They have to get rid of some of it. So what's the problem? What's going on
Of course, none of this obeys any simple rules of economics. It obeys the EO, see through three rules. We economics payment,
wait more waste more and you get this year. Screenshot too, he was actually going on
this surplus during the day means Joe crazy how this happened there some way for Joe Way for a dull red
there are supply shortages at night.
Joe yes job yet
calm down Claudia get out here. There's no solid, Nigel, there's, no sun! Folks,
I know you're stun, I know a Yossi is like way why there's
sorry about this- is crazy bacon. Back this creature number two up, I'm I'm I'm seriously cried I can t stand anymore, is so back the screenshot number do so, but here's the problem, Joe
Energy demand is still high because shockingly people don't want to sleep in seven thousand degree, temperatures and I so they still need the power
seriously cry like tears, Pollack, investment, so that they deserve not. I know you wanna kobay it'd, be better because the tears and coming down my face right,
So that's what happened this week in many now
RO gas. A nuclear plant second generate twenty four seven power of shut down in recent years, because they can compete with the heavily subsidize green energy, like the solar panels.
So a ten year old, natural gas power plant, California's inland empires. Now being the commission too
Thirty years earlier than his plan lifespan, o the state
regulations are also forcing the shutdown of peak or plants along the way.
They can ramp up generation when the sun goes down, they were worn by
that there would be energy shortages as earliest,
twenty one, but as the Wall Street Journal cleverly says this last sends his great member. There
why they could have energy shortages by twenty twenty one. Folks.
Oh c, o
These beating the gulls Joe.
A day is arrived a year early for energy shortages. Congratulations! The Democrats for beating around forecast.
Nice job, a yo see they predicted energy shortages by twenty twenty one you're a year early is that we have a trophy. We have. No man really stand while these gadgets congrats.
You democratic awesome, hard chargers, beating
goals for energy shortages by one whole year ice awesome work. This is what you're in store for, where the Biden Presidency
How will you have a former bartender who, by the way, is an insult to bite? I told you when the smartest guys I ever met was PETE from Glenn Patrick's that bar I stay out
life advice. Eo sees not that guy, a former bartender who want
You to pay more weight more waste more when you have our running Eric and policy and running your green new deal. Getting rid of
see cows. This is
you, get Californians running
You're running this day to haven't figured out tat. The sun at night goes away sign night sought Sunday, connect, sign data saw night visuals for the liberals watch Son day. Sun
are see, hasn't really figured that out yet, of course, but she's figured out a way to pay more.
More for solar panels than they could withstand their natural gas.
You waste more bye, bye
throwing away electricity during the day when the Sun Day signs out here,
waste. All of that and to wait for a service that you could have got instantaneously now the words peak plants that would kick.
Peter plants that would kick on automatically when this
goes down because its nighttime son, you son, when the saying goes there.
Let the commission knows too, because of our green new deal water regulations, it obey
Lottery rules of a Yossi economics pay more weight more and waste more. Let me move on so speaking of doping economic plan.
Then intersect with terrible public policy when it comes to this plague from China, which interesting we and our Andrew Cuomo during these dreadful speech last night during the terrible convention called it the european virus. Did I mean that's? I guess I did
What is, but I saw this interesting article, just a new John sounds new site could be up in the shadows. Please check it out,
way to go. Fuck me for a tell us Jim was in yesterday's shown us. It was at the bar couple people leaving me, so they couldn't find his
Go to you know that calm, Slash newsletter and just systems.
I will send you these articles everyday. It's free of course charge you for articles, but you know that complex newsletter will send these articles over there but check this one out
Corona virus spikes in regions which trick lockdown it reignite the debate over effectiveness. Ladies gentlemen, these lockdown have been a total disaster and the people imposing the minus cannot explain why some of the states with the strictest lockdown are now seeing a massive spike in new cases. Folks, as I have repeatedly
over and over thirty five plus years we ve been doing this show said to you. Correlation does not always equate the causation. It doesn't because you get more calls in the winter doesn't mean cold weather causes calls it
maybe through a third party variable like more mucus in your nose appropriate for today show given that I've been cry and the whole show and laughter
You touch your nose more in the winter there for transmitting viruses into your nose when there's a moist environment. It's not the cold weather per se, because two variables are correlated does not mean their cost. That doesn't mean they're, not causal, either at the same Tyler, but he says the absence of the absence of evidence doesn't mean the other
evidence for absence of an effect. Having said that, correlation is not irrelevant.
Because to variables are correlated there may be caused.
We know that the states of lockdown
severely they haven't worked from this job. Just a new species of California
which once you're colony in rather facile, rather quickly, she's me on up on the lock down and always double down. Unlike what what's happening, there lockdown work, you think they'd see
sloping down interventions not so much. The case quote in MID July. Talk him
governor. He extended the re closures, they White
further shutting down indoor worship, malls, barbershops and hair salons encounters with high infection numbers. He also ward
state citizens to wear face may starting June eighteen hour. I
there is a sure worked right, big
You're lockdown face mess well
nearer view. The states covered. Nineteen date indicates a cases in California continue to rise, whether it's locked
or partially reopen the states called
dashboard shows it only begin. Seeing is sustained drop in average daily cases in late July, though those numbers
and increasing around August tenth again again,
I'm just asking us- are we doing data we doing facts so if locked downs and and face mass or supposed
be a that saying. They're not- and I say again, don't mistake this for in over interpretation
data either, rather than an under interpretation of simply see
I think we should be seeing some data on a
mass scale, giving that so many places were locked out and had mandatory mask usage. We,
could be seen, data showing a declining case is not an uptake. We're we're not we're not seeing that we're just not
we give you the reasons and the second which a second example our dead. That's one state
why not our there's another one. Should we California, for why from sound is peace.
Why you locked down their relatively isolated you'd, how they're, not
not exactly landlocked Hawaii for the liberals. Listening, they appeared to have been spared the worst of it from late April onwards. That's good news is TAT, so
yet cases began to go up again in MID June from late July, on where they ve been spiking according to their own stay. Why dashboard,
the first smaller Wavin Marge brought largely by travel related cases. Most of the new cases so far have been from community transmission and the virus. Folks, what's going on here, what looks like there's two reasons here too significant reasons why these locked down there
Why would I want to try to put myself and I want to make this partisan? It's not? These are serious people dies very serious disease, for people become more bodies and the others is not some kind of thing. We should just pass off and make a political football, but we should be asking questioning the lock down. You would think would make
That's right! I mean it sounds almost commonsensical when you think about it. If a virus is transmitted to respiratory droplets, sneezing in close proximity to others for an extended time where people were infected, then if you separate people by locking about it should stop it, but it has a right. It seems to me
set on its face: we're not liberals again, Bulgaria. That sounds a humble. So why isn't it? But when you think
bout. It is fairly obvious because
german. No matter how harshly you locked down, people have to eat, people have to ground again for their
are in some people have to work to feed their kids, who are essential workers. They.
That's what you're going to see people going to supermarkets see people in gas stations, there's always gonna be.
Some mixing and matching of people who can't socially distance are kept this always you can't stop letting people would die from isolation, they'd, starved to death. People have to go to work.
Keep the water running in your house. People have to pick up. The garbage
you're, never going to be able to walk downs or a myth that a myth that they locked states down locked in
can't permanently like there's always going to be some mixing and matching of people, because essential workers have to show up and people have to eat.
Then, when you do that you go home most of the day. It is pretty clear that the virus transmits more effectively in a closed indoor environment rather than open air and I'm going to stop it-
The only question is: when are you gonna get your peak or
going to have this pain level of community transmission over time. It's going to be flattered and again, when you ask these questions, you should be asking yourself all: okay, I'll choose the ladder, I'll choose kind of a flatter, more even
infection level, because when I could be able to stop it because one overwhelming hospitals will then we have to ask ourselves okay. Well, how are you gonna get there? Did it work
What are the effects of a locked down on people's health? You will be losing more people due to lack of funds, and those are questions. Alot of people said they are willing to ask reason: facts data. As a real sciences cast the boy policies
Teasing out correlated variables from causal variables, we should be looking at this. Most people aren't I let me get my next or a kind of related to this is a great thou up at peace by anti cancer. Does some good work in the Wall Street Journal kind of funny? Really gifted writer mean anybody? Can we can write a story? I want right. We can all right type whatever send in an article, but he has a real gift, for this is great.
He's and wash your journal that I am going to leave you with this one because important saying that about EVA Lockdown, Serbia, we talk about that. What's the effect than your while at your economic situation, your while your job matter so any Kessler Peace today.
Scenarios for a madcap year, despite the strong mark investors
adding to what is your afford a watch? I may turn to the two I think most likely just to be clear. Kessler. Peace bottom line,
This ain't you got money to market
working at a job. It's a publicly trading company. This means something to all of you. Here is what could happen in the coming year. He gives force in areas. I pick two of the most likely there very interesting now.
And animal serious thing I don't mean necessarily that its origin,
be pollyanna wish some of this stuff here is not very good, but if you know in advance
hope you, professor hears, take away number one. He says: listen.
Monies ready to pounce theirs.
Whole bunch of money out their folks. The money supplies up twenty five percent so far this year
personal savings rate, which is high
Between seven and eight percent
is now nineteen percent, a Jew, meaning people have a lot of money. They haven't spent it sitting in their bank accounts.
Other trillion dollar stimulus led to it.
Ladies and gentlemen, ah that unspent money is gonna, come running back into the economy which
why go by the way is approaching two thousand dollars an this for my castle, peace. Other commodities keep rising. The federal reserve raises rates that before
will increase higher inflation, would make future earnings worth a lot less today. So p ratios will collapse and all
companies that are barely profitable but are highly value based on future earnings. Tesla zoom will get wrecked. He said
in this first scenario began his advice, not mine.
Consumer sickly, maybe even beaten up hospitality and travel stocks so
everything else, short bonds.
Now scenario one there. He talked about where the economy boom
boom. So much at all this money sitting in people's bank accounts and banks, we ve printed so much with floods into the economy at the same time is contingent on a vaccine. I should mention that at the beginning that we get a vaccine, people feel safe, Goin out public. Again, people feel safe with the vaccine, which is a big obstacle to they take it and that we're back to some sense of relative normalcy
Yes, they were what's the problem. The problem again, ladies generous people are sitting about loads of cash right now. People who are employed people have lost their jobs, are struggling, but
well who retain their job. There, not spending their money not going out, and I go in restaurants- and I quote a dizzy world wherever it maybe they're not going to movies the movie theater shut, that their money is to go somewhere. That money's in a bank account when all that stuff opens up again today
and breaks. Where does the money go? You have a whole bunch of money chasing CHE, saying.
As I see it makes us, is really can chasing the same amount of products. So the cost of those products goes up because more money chasing the same product,
So we say you know what that does the companies I Kessler Zoom, who may not be proud
fordable now, but their stock prices are high.
Because people are counting on their profits in the future, while their future profits are gonna. Give washed away due to inflation, interesting
so scenario, one you get a vaccine.
People trust it. Everything gets back
relative, stated normalcy money flows, it the economy, inflation, pay, com scenario, number two,
this abandonment, Joe Biden, winds and the Senate lips. The Democrats are all what happens then,.
Kessler says well stocks get nervous. President bide once the raise the cash keeps say that present by my surveys,
up income tax rate. Thirty nine point, six percent the same for me
as a capital gains and increase the corporate tax to twenty eight percent from twenty one percent treasure
secretary Liz warned FED chairman Lord Summers, lobby Congress to make it happen, the taxpayer-
she thinks is reduce gross domestic product by one point: five percent long term. So there won't be any inflation good news. Job they'll be enough that biogas Urbino products. He goes on here,
Bad news is that the net return for starch may drop by a third from a company
nonetheless, earnings per share unless cash on cash returns when a stock is sold? Ladies and gentlemen, I really simple Joe Biden: wins they, when the Son of God forbid, money gets pulled out of the economy given to the United States government, the former super high taxes, the stock market crashes.
Businesses crash GDP crashes, no inflation, but
in a by either, because you have no companies left to produce it.
There's a couple more, but I see these two is the most likely.
Obviously I would prefer the first scenario because we can deal with inflation. You're not gonna, be able to deal with an arrow control empty vessel.
Joe Biden Presidency, where Elizabeth worn in the hapless ABC, whose three
those we pay more weight, more waste more are implemented,
I did it the stone we can work. Raise rates of the Federal Reserve may cause some temporary economic, this location in some pain, but we ve been through it
for those who live through the vulgar years in the late nineteenth eighties, when inflation was out of control after Ronald Reagan took over for Jimmy Carter. Remember
dislike to have twelve thirteen fourteen percent interest rates, it's tough money gets expensive.
This rate costs for money, interest rates, but did said right. My interest rates, a question to price for money. Money gets expensive, beget loans are expensive, but what happens?
people start to realize they can make money on invest,
once again see these other things. They put the money back in the financial institutions. They get their interests all of a sudden, the price
money goes down, is more money becomes available, simple economics matter? Yossi economic issues
for one we can fix inflation.
Size does get out of control. We can't fix your by vote. Can for twenty right go back, listen my sponsor again
it should not forget. I folks actually opportunity- and I was a lot of material. We cover to add a few other stories I get to him tomorrow, hopeful
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Transcript generated on 2020-08-18.