Waiting to hear the truth about America on a showed. Its not immune to the banks with your host Dan Bungee know how merry Christmas. How, how very Christie love Christmas this guy or you a Christmas guy, not particularly the Napo jumbo Oval Boxing day Guy Ceramic Boxing Day guy, How are you today produced which I have to ask you that email hunting ho ho we ain't got no snow yet where was this Florida, so no one even ass. The snow is down here that, like what does that wide starve what it was that, if it happened, people would be all confused. There was for the internet, they think there was like a volcanic eruption. They think there like ass, coming out of the sky, the internet. They figure it out pretty quickly. So that's nice and worn down here. Seventy three degrees today so are you know

of Florida, whether it's beautiful swam of Dounia. I welcome thereby GINO show on this Christmas day I told you reader, we give you show, and I I got some good stuff way that I got a lot of emails yesterday, Joe after the disastrous day the stock market had dad. You gotta explain, let's go, and I need always it panic time now. It's not it's, not So I want to go to today what I think is going on with the economy and also go to the best stuff. New stories of twenty eight ten have Amber Effie over at the daily caller, who put together the definitive list of fake news for twenty. Eighteen, so it should be a fund. Show, I'm hoping you all having a great Christmas morning. Hope you in your kids, all gotta good visit from Santa now. I know my keys tat, a blast, so they loved it are, today show brought to buy Deborah the zebra dot com, slash, stand or fear but the zebra December, the archives Ashley

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De edgy zebra Z, be our a dot com, slashed air shack. It check it. Kiddos yeah right. What's gonna unstuck Oh but bad day yesterday, not the your Christmas eve. Six hundred fifty put records about loud. I that the emails where voluminous you know, I'm a show is pretty heavy on economics. After a very long time still covered spidey attended that take over some of our attention for a while, but this so worthy time, especially during Christmas is wonderful day to tell everybody if you want my opinion, many give it here. It's not good, but I dont think its panic time. Let me tell you first what, is going on? The lot of you know the serenity and a lot of really bright financial people. So if you do in your grace, I mean email. If you don't, you disagree, semi anymore, I'll, read it folks,

People are just chasing some yield right now I mean it's. The history of humankind is to make money and make your money make money on its own? If you make money by taking the cap. Well, you have accumulated it and lending it out and getting an interest rate of return that surpasses inflation. You are making honey based on your accumulating capital. By now doing anything other than making investment decisions. You're, not thinking ditches anymore, that is the story of humankind story of economic. Growth. If you have money and you have a big million dollar idea, what do you do Joe? You take your money and you put it into your idea. If you do have a million dollar idea, but you think other companies in the stock market that are publicly trading companies or if you want to be a venture, capitalist or whatever private financing you can enter your money invested else, when you can chase yield on your money, you can chased return and you want to make more money with a right interest rate environment. Were rising interest rate environment, they just raise the rate its now two point, five

the Federal Reserve, just race rates to two point: five percent in a rising rate environment show there are always there are going to be other investment options outside of the stock market. Where you will be able to get yield on your money for less risk. Now, having said you're having state the obvious there two point: five percent is not a historically high interest rate. I think in the while the interest rates are very low. Money this following freely in the quantitative easing environment, with extremely low interest rates over the last decade or so money was easy to find the interest rate on money wasn't hard. There wasn't hard to pay back, they were historically low people. Or chasing money where they couldn't find yield elsewhere. They couldn't find a return because a lot of he's. Interest rates are benchmark the federal fronds rate. So if you can't find a return on anything else out their bonds or thing. What do you do you put your money in the stock market focused

again. I auto meanness oversimplify this but sometimes makes There is being fascinated with economics and economists in general. Is they never you a definitive answer and they always want to talk down to you as if you're the stupid one when a lot of them, not all of them, are the ones who always give you the wrong answer there met when it was a joke about a kindness. I need a one arm economies, because there are always telling you, while on one hand, put that, on the other hand, they always seem to have the wrong answer. You no other jokes, he's predictive. You know Seventy two out of the last five recessions. I've waited predicting a recession every six months through. This is what a lot of economists who I'm not knocking them. A lot of my very bright. I have a lot of respect for Thomas saw rest Aubert's, get that a barbaric who did some great work on gun government, a government bonds being net worth or not- I mean there alone, good people out there who are very smart, but if they had

the answers all the time. Then we wouldn't constantly get this wrong. I can argue and make it pretty different. In case you, the housing crisis we had was function largely of a lot of loose money is well so the economist sign in order to get some e mails back from people. I'm just asking like be civil about and understand that people like myself, who I education's in finance. So I did my this degree in but comics is my personal passion that other people out there have alternative use based on history and common sense. We flooded the money. We have flooded the market with cheap money for a long time that money once make money. This is The king sent show that money was Making money in interest rate the nominated vehicles, because interest rates were historically low. So if you're trying to make money in your money and you're not making money on interest rates and bonds and things like that interest be denominated assets where you gonna put it you're gonna put the stock market which ran

Stock market prices A p ratios alot of prices are a lot of stock market. My in my humble opinion, a lot of stocks are overpriced right now, because people were chasing you which are now simply making a bit. You know what what I perceived to be a modest correction. Yesterday was bad we're down quite a bit. But considering the run up job we ve had over the past few years. If you and did your money. Just you know three. Four years ago, when they went somewhere when some stocks were still cheap, you're still doing, ok you'll be fine in the long run. So I think it's, people chasing healed, who are now reversing the trend, because interest rates are going up and they don't have to worry about the risk of the market, so they could take them. The rising interest rate environment put indifferent vehicles with a risk, isn't there, I don't think it's time to panic. Now on the interest rate front, because I'm getting a lot of feedback about this

by the way, so you know because I'm always open to alternative perspectives on some other shows out there. Challenge the host. All you want in today's show notes I haven't article the end by Louis would heal, who have tremendous respect for, and even more to vote bright, guys who complain, we disagree with me. I have there Article up in the Washington Times saying this is a catastrophic mistake. The FED rate interest rates I want you, read both sides and hear me out one of us right, one of us, is wrong either. Thing or a bad thing. I don't think The raising of interest rates right now, where they are, is as disastrous a decision as spot folks, let not as well You know one of the few areas I disagree with the prisoner here's. Why now so Precise explain why I think the market is correcting a bit chasing yield. Interest rates are going up there simply finding other vehicles ponds, and otherwise they don't have the ring

give equities in stocks if they can catch yield, ought to make money under money. I don't think it's time to panic, folks, the markers there good inflation is low. The other restless world markets are in a lot of trouble. The United States, just productive productivity is going up. Wages are going up growth rate, we're going up right now, out. There's only one big panic marker icy and it's a big one. It's our debt situation. Our that's right, so it's not all peaches and cream, but on the growth metrics, the United States is doing fine when the growth rates dipping into the negative, and we start hitting recession. God forbid recessionary numbers that it's time to panic, the growth rates are doing just fine now again a few retiring tomorrow and that money to invest in the stock market. It's your pension, I'm not trying to minimize make no mistake. The

albums you're. Having way now, I'm just saying I know what you're say because it's Christmas and I want you to be optimistic and all I get that I do, but I'm telling you that I don't believe we are in aid, slow growth, no growth environment. I believe stocks are correcting a bit. They'll find the floor once they find that floor, we'll see growth again, that growth may be. You may about in a little high that growth maybe a little slower. We might do shoot up to twenty five thousand again in a month take a year may take seven months, it may take a monster, may take a little more than a year, but we'll get back. There our stock values or more commensurate with the value of the companies they represent long term. I wouldn't panic. People are simply taking money from one vehicle putting them in another. Ok. Another reason not to worry folks, there's money to theirs, money to loan out there when you look at what

putting a financial institutions that this credit is not hard to find it shifts in the house. You know what are the reasons he wanted? You want to keep interest rates low during Oath periods is because you want businesses, we could business opportunities show to be able to find money to invest in those opportunities produce productive base this ventures, pay their employees. While I get that There is money to loan right now, there's really know disastrous signs. You can always find some hallmarks of hay. This could be it. But a trouble but there's No disastrous signs of short, people not being able to find money to fund quality business ventures out their larger available. I had a move to fail and let's get ohotny loans or away money is available credits available economies growing again, not,

I don't see any really flashing red for now. I get the debt situations bad, and I want to minimize it one more reason not to panic here ladies and gentlemen, overseas is a mess right now we have it global economy, we are the only ones you s, citizens looking for yield, searching for, yield and looking for ways to make money. I think that's obvious. It's not like some Dan. GINO Islamic, while really other people looking to make money. Can they are Problem is how do you make money on your money as I started the shop mania to make money? You can work, you can develop income. What, if you're at that Your life. We developed a bug, a large dash of capital. You, that money to earn money for you wear it this business opportunities happening, ladies and gentlemen, news for us. They are happening right here and a great old USA. Oh that's! Where we are right now we are the hottest world economy

The reason money in the United States is not that hard to find the right now to fund business ventures global capital is rushing into the United States to take advantage of the growing for three and four percent. U S! Economy. Overseas is a mess you, don't really have any competition right now: These economy is not dead; they want to do a lot of its potemkin village. Anyway, a lot of the chinese economy to general fraud in and of itself state. You know state funded companies that are just the mass balance sheets than are awful horrible investments environs These policies are really reckon the instead that the country's air quality, China's amass right now Japan and slow growth, environment. Yeah some some hot countries overseas, so some of the Baltic states, but in in in terms of availability. In a pool of healthy companies that are growing. Ladies gentlemen, they listen puts

your head, apply, put your Chin ban uranium, The states of Amerika whatever, if it's just I gotcha Ho Jon, looks like Captain Morgan right now. All we need is a me up in the air, that's a good idea that we need this. Video by colleagues showed worrying, Gub, exude just words The details make it nice nice. Why you're here? it states, citizen, you already powerhouse economy right now, growing foreign three percent. These flooding in that's good news. That's good news. Now, to give you some historical context for a moment, armies interest rates going up. I'm gonna lie emails. Pryingly a lot a negative one dead flight. Nowhere to be found. Why you say in these: in this interest rates are or not a bad and what why don't get it they shouldn't be raising, gives you crushing the economy there

crushing the economy. Folks, we are gone, to have two at some point: normalize normal as our our central bank policy, our federal reserve policies in our interest rates. The federal reserve is whole thing trillions of dollars in assets. Trillions of dollars and assets through its quantitative easing programme, it is going bought a lot of government bonds, so in other words, our guns and our only sanction federal bank. They said We require government Anthony. I don't care what they tie. If it's a central bank is never fully separatist nonsense, our ideas, states, government. Actually that's a good question, Romania that Georgia job put another question. I love this. The central bank, the United States, essentially printed money to buy shown debt which, aid more debt. Why? Because we

it did more money which made your money worth less cause. It's quantitative easing were holding Judd? U S car denominated assets in the Federalist There are moaning that at the same time, they are upping interest rates which is late the kind of a double whammy effect because when the Federal Reserve think about in reverse its easier understand when the Federal Reserve printing money to buy who s denominated assets. It can drive interest rates down because it can. Zella. Tell you get what I'm saying the federal government, but if the Federal Reserve comes because you know what whereby it at whatever they can tell it, then they got up the interest rate here to sell, tell you gave them say and the federal government, but if the Federal Reserve comes because you know what whereby it at whatever they can operate efficiently, lower interest rates by printing their own money, I'm trying to say is it's kind of a double whammy at the same time, but danger here is were holding hundreds of billions trillions of dollars and assets the Federal Reserve Sheep that we're gonna have to get rid of that. When you refer

the process of lowering interest rates by printing money. It's by default. To raise interest rates by not printing money and a matter of fact having to sell those bonds and absurd our money out of the economy, this affair reserves holding the bonds you're gonna have to get rid of them right right right, so it double whammy, this double whammy, could be very bad if we hold onto this. For too long now is inflation. That's it some critical mass. Now, no, not even close. It's not but I can make the substantive case to you that a lot of the inflation is being claimed by the fact it. When you look at things like commodity a thousand productivity enhancements, and you look it there are. Oil, revolutionary shell Revolution, that Oh, this is kind of tamed our Arab by Situation, in other words, is being hidden by productivity It would be a lot more expensive right now, if you compounded the inflation, if we weren't producing tons of it.

Productivity enhancements in things like a washing machines and stuff, like that, commodities type items. Now the king petition and the enhancements in factory floor programme just in time production scales these. But would have been a lot cheaper if it weren't for the fact inflation creep, dub? What I'm saying is that we ve been so effective at producing oil, washing machines and Frigida frigid Raiders that UK make a strong case that these items would have been even cheaper right now, if it wasn't for inflation, but the fact that Prices are still going down a little bit many people inflation is under control completely when in fact, I don't believe it really is. I believe being matched by productivity, enhancements, really effective new production, makes just in time production methods, oil, production, energy prices being relatively contain, I dont believe

that inflation is totally contained and what we see with inflation in the passes when it creeps on you and a creep Zanu fast. It's really hard to squash. You think I'm making this up when it fishing creep up on a show any Jimmy Carter. I know you remember that I do member what a whole mortgage was back there like fifteen percent cut interest rates on all mortgage. Everybody was raven about with everybody was terrified crushed: inflation crush inflation with what all the greater optimists didn't see coming the answer no they didn't, because operative once did while the our economies? Are don't worry about? It will be ok. No! We weren't, ok June to nineteen eighty one inflation PETE accuse me, the other, the inflation rate and take the United States fourteen point. Eight percent for point eight percent. Oh there,

over there. You're monies worth bless. You better spending money right of Mars worth crap. So what did vulgar do vulgar came in but the interest rate dramatically and pretty much crushed. It crashed inflation. He added use rates and mortgages word beg you know between twelve and fifteen percent for not higher if you're gonna do it to it. Now, This was nineteen eighty one, the bump up in interest rates, to dramatically higher mad higher we're talking ten points plus higher than we are now a two point: five percent cause brief recession, Joe. What did it also? Do it again popped up interest rates, made people save a bit again, not get to consumption, happy concern,

she can lead to inflation if its incentive, it's not backed by real growth people, start buying stuff on loaned money driving up there, They survive, which causes them to borrow more money, vulgar coming. Squashing that end up interest rates made people say I maybe if we save this money at these elevated interest rates, we can do pretty well. Oh down a little over exuberance. Nineteen eighty one slight recession night eighty two, eighty three by eighty four. We are rock in an role and right for Reagan's reelection. Six percent growth in eighty four twice. What did the the Rachel? I went there. Tromp ended three percent. What trumps do and I will not take that as a shot? It's not three percent is good. Six percent is amazing, though panic, we're not even close to where we were under vulgar

where money almost completely dried up are you gonna, get a mortgage. Fifteen percent you that Folks happened in my lifetime of momentum. Only forty four, I remember it. I remember jade by in a house and was sixty seconds and cool revenue or something go and my Tell me to mortgage is gonna, be thirteen percent and privacy. The numbers is again. I was like wow. That's a lot of interest right, the rules, As you know, at seven percent interest ten years at their doubles, the folks this is when are you understand what I'm even close to that they think about this politeness in perspective. I'm trying to keep a smiley face offer, but ours don't panic. I nobody. Ike censures rate heights? Nobody, I understand the president's concern. They do typical He led the some short term recessionary because it. What is it

with this incentivize is consumption and buying for savers, because the interest rates more you can make more, but when you say if that money? Where do you think of what he calls it or burn it. The money saved that goes back into the economy into really super productive companies that can, Take advantage of that money. Why just think about it? Folks, listen walk through this with me. If interest rates were ten percent. Who is Can I borrow money, a ten percent if the product is putting out there isn't gonna, make them ten or fear ten percent of their money back? The answer is no body. So what happens at high interest rates companies that are struggling and only a marginal investments. Wind up, you know, just treading water for awhile companies. Have really good bold ideas will borrow that money, they'll pay back the savers a tremendous interest rate they'll put it into actually no will succeed those products,

Don't change our lives, computers and a I and all this stuff, a new medical technology and the world's At our place, in the long run, it's not all bad think about this, in two thousand seven Joe. In two thousand seven, the interest rates were five percent right before we took that another dive into another many recession, we're only two points. Five now, in other words, historically making folks we're not even close. Really high elevated interest rates were not. You have the squash inflation before it starts to permeate your economy, not after one final point on this. Folks. God forbid. There is a recession. Even lives. One. You need room for cut according to traditional Federal Reserve pulse and which they wouldn't do this, but they do. I wish we would

stop doing this interest rate targeting and start keeping that you know Got Sumner has some interesting theories on this stuff about the ability to keep them further, purchasing power of the EU dollar relative. Stable instead of focusing exclusively on things like interest rates, I maybe poorly summarizing his work, I'm sorry he's very bright, but this rule the cotonou recession has been a traditional staple of economic policy. Are words when there's a recession. Lowell interest rates allow people to get their hands on Monday at a cheaper interest rate. Folks Are we going to lower interest rates? A two point: five percent almost know where to go. We were at five, percent right before the dip. Last time. If we raise rates now when we can sore bit of it. It is a good it gives us some leeway. Again I don't mean to sound pollyanna fish, but I think we're in a good spot.

If we can get our hands on government spending. Tromp has been great, regulation. He great, on tax cuts on deregulation. As such, I should say, he's been great on tax cuts he's been great on immigration policy he's been fantastic. God bringing a semblance of justice back to our court systems. All I ask be patient gonna have some stock market corrections. You may however, many dip many recession, remember: What happened in eighty one with Reagan they were calling for eh Reagan's head and by eighty four he one forty nine out of fifty states here tamed inflation success for businesses. It got their hands on money, built out productive capabilities, new products into the market. Your mom, bought more remember that did it you know, inflation is not a good thing, but this inflation is not always an awful thing either. Inflation means your money, buys less right, simple. As that inflation screw

four debtors, deflation, great for savers. Why? Because the patient. Your money buys more, I'm not passing deferred deflation, debt spirals and things like that. We rush to pay off their quicker because the debts worth more to write. I get that thing rights. If you all a lot of money, inflation, your best friend, because you're monies worth last, but so dead, so where'd you, oh, if you make a hundred thousand a year and inflationary army, a hundred thousand dollar despise less. But if you, three hundred thousand dollars on your credit card. You all a whole lot lot has still because at three You're thousands worthless the opposite happens: deflation that tat. You have worth more pay off because the dollars Furthermore, what your money worth more to. Devices saving building up capital is saving that putting that money back into economy that can build out a productive capability. This is not all bad listener. Usually recommend on books, because there

I do sometimes with their only if there really good, there's a got, thereby Hunter Louis CALL why Keynes was wrong. It's very readable is very, you can get through in a couple days. I came was wrong by hundred Louis read? The book is a fan cast manifesto on everything I'm telling you know about it: inflation is and always bad how inflation isn't always great how they did it. Common knowledge out there. I use airports there that you know inflation horrible thing all the time and in every circumstance- and inflation is an as an awful thing, all the time and every circumstance read it for a person active on what that means. It's really It explains a lot of what I just said very, very good, but ok,

I'll, keep putting listener rights in Calvin till bore from Fisherfolk New Jersey what he says he really likes to listen to you when you're talking about the economy, but I want to know what what it would take to scare you about the second, what it would take to scare me there You know I like to cite, but maybe we should do this once in awhile holiday specials, where you will you take questions? You know tweet, the producer Joey's at Joe, has witnessed the unwanted are intimidated, Let me get to this red many and Asia, a dog food company, going to use natural ingredients, but what kind of beef or carrots can sit in a paper bag for a year? Lastly, we can be processed for every meal of beer healthiest. Neither can your dog that you're doggie introducing the farmers dark the cup. Helping dogs live long and healthy lies with nutritious Fred ready to serve dog meals, delivered directly to your door. Clever mom, Getting is convinced, Americans to feed unhealthy kibble and can wash that stuff is growth, but the farmers, dogs, dear

complete a short online quiz. It really is there an event develop plans created just for your dog. My adopted dogs, Linda and baby love. It is that Linda like, namely that Linda Spanish for beautiful that might put my mother in LAW Colombia gives out, but without Linda? That's a woman's, if not lean back, Linda, they d C by three above those doggies and they loved the farmers doc. Food, arrives at your door proportion pact ready to open imports, easy and it looks in smells like real food. You know why because it is real, food is not a trick. That's it and food matters. Studies show that fresh rude to your doggies diet can reduce some cancers by close the ninety percent start feeding your dog better to day. Try a week free at farmers dog that consular Stan plus you get free shipping get your first week, fray phrase we free farmers dog- that consular stem the farmers dog, dot com, slash there

my mother or laws dogs, absolutely nothing. Although once in a while baby boy, the Maltese York email once in awhile once in a while. He pushes the peace aside. Once in a while, but I can't eat vetches The average is either baby baby boy. That's all follow me around, so it's like my feet, those kind of way Always if he's always out my he'll, always I it's unbelievable. He never leaves myself when I do the show and they're here he's right at my my feet are everytime baby boy. Ok, What would scare me that's a good question. I think we should do this segment once in a while. I would be great. Shall here's what would scare me at some point? we are going to reach a catastrophic debt situation with our national that that is. We are not going to be able to grow out of it.

How far away we are from that from that point in our debt, Holbein Cesares S kind age, did you hear that the background to the them up, but I know sorry so have you don't have to cut that out there? Just you know what are usually Joe cuts it out, but in the interests of editing, because this Christmas, I have a pool hose in my poor and die is it- has reigned in Florida forever and I hope the alarm on ten. I forgot that was ago I spoke out. I was there with the shell. So what would scary Sooner or later we're gonna reaches catastrophic dead point now, the best analogy I can give to you: isn't it ology. With regard to your personal finances, because when it comes to macro, economics are people. Sometimes tough time, making the transition hating the I grow in the macro or so unbelievably different at the spheres. Don't Mary up at some point, but they do in many respects, so the best I could say is let's

you're a twenty one year old, Harvard computers, this and you are a genius. You are a world class computer scientists right, but you're twenty one You have no assets, you have no job, you're, a ninja right, no income, no assets, no job. Say you have a credit card and an order. The finance, your education and your lifestyle. Your pouring out too, that credit card a hundred and fifty two hundred thousand dollars a year for all four years in college two years, a grad school year upwards or by the time you're down close to a million thousand- that you have now made a dollar yet can we I agree that would be catastrophic, but is it. Now seriously is anything about a job The track, what you write in terms of a man. You look at a job because neither you nor I your genius computer scientists. It went to Harvard Right Joanna really hard and got to where we are now, but it was a lot.

You know people help this one way: If you really are the world's premier computer scientist with a graduate degree in a I computers, technic quantum mechanics and you are it. Ladies and gentlemen, is that million dollars you ve accumulated whatever in a bar tab education, room board food? Is it really up. The answer is probably not Joe. Pre when I it is- and our listeners are many of us here- would be terrible. It would ruin entire life. But the chances are. This. Kid is going to graduate Harvard Graduate School. Get is job and he's gonna be courted every major tech company in the business he's probably gonna have roughly five six hundred thousand dollars were the salary, if not more, while he's pretty paths he's gonna leave after two years start is all company, whatever they do dot whatever it is, he's probably going to make another couple million dollars there, and the guy will be worth pattern a wise thirty's, ten, twenty million so

God, no cause. You asked me what would scare me on a good note, that is always a bad thing if it somewhat productive, in other words, sky was using, is debt to get through school live a life. Did not all, but was good. He probably spent a lot of it on like bar stuff and hang out and hotel, occasions on a weekend to the mall thieves or whatever, but most of it was his education. Dna States is in a similar scenario, we're wasting a ton of money entitled programmes that are out of control right now, my wasting a lot of money, I mean just completely entire there The projection for future spending is not in any way commensurate with our ability to pay for a soul. The programmes we can afford. But there is also some good spending, a military that can protect our economic, vibrant. Our borders are law. Foresman apparatus at court system that can protect contract law, so someone

tat is in bad: it's not all a catastrophe now, what's the problem Joe, what would scare Me is if the third year into that Harvard KIDS education. All of a sudden, he comes back with a two point: two GPA these, not as smart as we thought he was wrought row, what we the analogy to the? U S. Economy. Folks is, It happens when big government policies start to take over again pack sites which suck money out of the economy the regulatory front we elect another Democrat. The economy slows down all the sun? Our GPA goes down to one one point: five and to again all the sudden at five hundred thousand dollar salary coming to arbitrate there anymore now, they're like yeah, we'll get fifty thousand. You can start a mailroom, but I have a million dollars in that year. Don't care too bad so said. The point is we need a more years of this

We need a more years of deregulation. We need a more years of strong tax reform eight more years, a vibrant growth to be able to make the We have manageable. What terrifies me is the debt is accumulating so quickly and the interest rate so quickly on that debt, that That is soon going to spiral way past our ability to grow out of it and we're going to be sadly that kid in the mailroom soon, if we don't stop this soon, dad is the biggest alarm red you have read siren going off thing: Ding, Ding, Ding, Ding, Ding ding right now, I'll ringing after class. That is what terrifies me if we could just but a lid on our spending and get off all of this administrative state whilst of keeping these trump tax cuts and deregulatory reform going. I think we're on a glide pair. Prosperity you ve never seen before, but

is entirely entirely dependent. An us getting a lid on spending Joe or all wearing the living crap out of this economy so fast that does it even matter, but but of all things ass they happen either. He's spending the million dollars. Because he's gotta two point two GPA. He goes down to Spain twenty thousand a year would unmanageable dead or he gets GPA back up the forties, not worried about the millions ass. You get one of those things ass to happen folks and right now we're yet the four point all GPA, but he spending five minutes A year days, blotted out bigtime bad news. I call good I like that segment all right to fake news stories Amber Happy the daily call. This is great. I love this peace pouring it that's a media. Do less reached for the day on Christmas folks, to be all in our and holidays. I just had three cookies by the way

but I think Lee out there. You know you are least at the nice video I don't want to say what it is, because I don't want to outcome at all, but I was a really cool video of Smith. You know you are, but that was very nice you to do that. So thanks a lot but its holidays, and I should say that being that the show I had a little note, We all tend to a rough. I just got a gift from one of my Travel agents- second, so not be also wave I never by life. I'd say that ever ever but I dont know how to say be lying, otherwise that a lot of money I do out. And fourthly, now, with a lot of stuff taken off, I need the other people have to help me up. Am, I am I Jerry saying what a straight face. What am I one of my friends, because I can't do it. One of my friend sent me a box of these cookies. There were really good eye three or four from which turned the seven of almost turned into the whole box with squatting day, I had a hard work out: a museum

what gets rougher the so what better way to work on your health, your immune system, your cognitive, bill at ease your general overall health, your looks, and you want to feel better than to commit now to eating more fruits and vegetables. Now, what's the problem with that promote? That is a lot of us, not all of us, but a lot of us just terrible cooks, Joe isn't. I am who wasn't for my my beautiful, talented wife. I would be a disaster. She cooks, great. I can cook to save my life so how do we prepare fresh high quality fruits and vegetables? We know will improve our house. Make us make our health make us feel better. The answer is good. Cast nutrition. Dotcom, Slash Dan pick up, feel the greens it is real ground up fresh, wholesome fruits and vegetables ground up into a delicious tasting powder that will help who start off the new year the healthiest way possible with a good staple, nutritious diet. This stuff is fantastic. You will look back

you will feel better. My mother in law always tells me that he and other so your skin looks good. She it gives me a tv show that I'm telling you it's the brick house, nutrition, dot, com, Slash Dan Field of Greens, baby failed agrees, but flavour flame boy, mother. I love flavour flavour, five of advice them I can add that grew York was everybody? Listen they all Joe grew up Rock and roll Lira. I grew up happier or new everybody loved flavour. You need the flavor, you all want said why field of greens in your life, always an hour at the end of that labour flavors, an idea, the other fleets go pick up field today, brick ass nutrition. That consular then pick up a jar of fear. The greens today,

it's great stuff. I'm not kidding you'll, feel awesome, not gone. Would I've been five and felt great forever? I d always afraid sums gonna change, all right Amber Athey. The five rarely do. I include in article two days in a row and show knows, but this one so good, I put it in so nice to put it in twice faintly who stories of twenty eight here we go through. Some of the finer ones are fake, their story number one, the wash it impose blames the tragic death of a seven year old migrant on the border patrol I talked about this last week. This was a grotesque story. That's it shouldn't solve the intelligence of just about every rational human being out there. Ladies and gentlemen, that was a horrible story. Everybody knows it's a Christmas, I'm not going to write suck about it last week, but when the fall Timeline of events came out. His amber the kitchen or piece. It showed pretty clearly that our heroic border patrol agents is good men and women that do a good job,

keeping our nation secure and our border did everything they could to Chad to us. You know try to say that girls, life, horrible, fake news story, washed impose, should have been ashamed of itself. Number two CNN and the hill spread reach, acted. Sexual assault claim against Cavenaugh by gush. We all heard this one folks these claims, and cabinet that got progressively ridiculous as the Brick Hammond Confirmation hearing went on. They started out with Christine Glossy Ford. They turned into a bunch of one guy say, and I, with the idea of a story about a story, attack the woman. Ladies and gentlemen, these stories were nonsense, many of whom were retracted. Unfortunately, lot of more reported by but these outlets- you can see that in the link she liked to the story Amber

but see it the hills spreading. These nonsensical claims against Break Cavanaugh, which were absurd that that we are the best weaker ratings. In a long time, the cabin August people were furious, member that young man yeah this once body the Boston Glow Attica, active Elizabeth Warren story as Amber says: making her less native american wherever they show the Boston glow, this. We reported TAT Elizabeth Warrant, fake Indiana lives with warrant was somewhere between one thirty second and one five hundred and twelve native American. However, the pay eventually issued to corrections that damage warrants ancestral claims even further admitting that she's, equally between one sixty fourth and one, one thousand and twenty fourth native American. The globe admitted, which may It remains Joe, and I are about as much native American S Elizabeth WAR. By the way, the stories absolutely decimated her presidential potential. She is in the then they know it. They know they screwed up big time.

This was one of my favorites and life It's I mean one of the more horrible stories in the year to the New York Times accuses Nicky early of purchasing expensive curtains member. This story. Eleven, I am hog. This tremendous show Nicky Haley's New York apartment there, her curtains cost. Fifty two thousand seven hundred one dollars. However new our times its own article later admitted that the curtains were approved in twenty sixteen and happened Nicky Hell, he had no say in the matter when Barack Obama was the place, don't let them little fact New York Times get in away of a duty of a story you out there and you wonder why we call it fake news. This one's way. This was actually still going on number five The media still blaming Republicans for the steel dossier. A guy's. Ladies and gentlemen, this is why again, nobody trusts the media. These guys are done Sir divers for information. It's all garbage their tabloids, our dead Republicans, thing to do with the steel dossier.

The Washington, Free Beacon and other republican campaigns did pay for opposition research and Donald Trump, some of which the free bacon, as a contract with fusion the dossier. What not part of that. That was exclusively a damn Credit operation after Hillary Clinton steam took off the funding of the opposition research- this is not in dispute. This is a fact. Ass, a sea too, and Joe Biden Language as a c r t S argue to date, is a fact. It's a fact. We did not pay For the daddy, I'm not absolving Republicans of any responsibility read my book. I go into Republicans role in the spreading of the dossier. The production and financing The dossier was a democrat operation. Man, the media will

Can you repair this nonsense? It's embarrassing! This romanesque! six all this. There is a great when I love this fear accuses tag. This is one of my favorites theoretical This TED crews are being scared to come on their programme in wake of the horrible parkland for Florida, shooting TED crews afraid to go on a programme right. Lady Cinema is the problem he had done. Fifteen minute he'd have you on the network literally the day prior to this at the CAT cruiser debate. Would Bernie Sanders on the network? Can listen? You don't have the like tat whose lover Marheyo I appreciate what TED Cruz has done to advance the conservative cause greatly. One of these days out I'll tell a person is a good one, just say you know. I don't want to bore you now, but about TED crews, and why, I think he's a lot better many people given credit for folks. He appeared on the network the day before

scared up here. I just was there. I question there I was there yesterday for fifteen minutes. Did you miss that do not pay? It? should do your own network. Oh my gosh. Yes, my cabinet o o Oh my My personal fades. These two reporters ethnic clashes who continue to claim in April report that they have it's that Michael Cohen was in Prague. Ladies and gentlemen, with the problem, I call comedy I e if you wish to show you familiar with the story, the dossier against Trop said my. We'll trumps lawyer, went to Prague to basically arrange this hacking thing. Michael Cohen, did not go to Prague, yet classy. These two reporters in April continue to say they have evidence that there is no evidence of this. I don't have to.

Making this up if a source is playing for idiots, I'm not really sure I've just telling you first, she isn't gonna happen at either is Michael Cohen in Prague and my class. You won't let it go This is a definitive list. Sob China I but can wrap it up a little early for Christmas for you, but I want to be sure I get to the good. Was Henry Impetuous Russell and by the great Ruslan buses. Andrea Mitchell did Joe you, the switchover sizzle above. Andrea Mitchell Report that Brenda Snipes sneaky snipes the brow. County election official Dounia Florida, who can get through Election without screwing things up to a point, Adrian Mitchell reports. Apprentice lives is the republican and its these court, hardly a Democrat efficiently, someone doing the bidding of democratic candidates out there Andrea she's a Democrat. This is not the thought hard. This is complicated she's nice, you stupid. I don't

the bug she's, not a Republican she's, just not there's just no republican, it's that just that. I can that some sort of registration says start a Republican. She added, let me say it I was talking about arrived at that be rude, amato, go up and the snipes I'm not being like that at all about a registration for she's got, it doesn't ring dad she's a Democrat Atomic cry with a day, because he would sound like Republican. Can it she's a Democrat? That's not registration says. Ah. Ah, this was a good whether this will be my last one circuit. There's a lot on here

Bob Laddie Davis member lie Davis and a Trump Tower meeting yeah laddie. Avis went out and see and unreported in July that Michael Cohen trumps, again was prepared to tell Robert Mahler that the present knowledge in advance of the infamous tromp power being which I still believe was a set up between junior, the Russians The Collins lawyer, Lanni Davis, said no the CNN reporters Guy Quote mixed stop and co and had no information related to the hour of need a kind of a screw up their guys, though you pick. Boy, but still one more here, looking for some good ones. Here, there's a lot- and here this is the definitive guide. I read through the whole thing and I have a list here, there's a lot of Cavanaugh stuff. Ah, oh, oh, ok. Promises less want this.

The Cabinet one, but it is it's so stupid. Remember Zena bash. She was a woman sitting behind Brad Cabin on the brake. Cavanaugh hearings and some was communicating with our you could see IRAN screen all the time she was like. Oh, I think he was over cabinets left shoulder at one point, someone communicating with our being at the cabinet. Here's a broadcast live. She gives you ok symbol, so of course, see and enforce we're a fortune scam and believes the ok support, which I joked in my viral speech to because it so stupid is a fortune Scam at the ok symbols, a symbol of white power, its a scam. What happen networks fell forward People reported out there that yes, listen. She was sugar wide powers about no no areas. She was saying ok to somebody would clearly texts that are as something was watching television. You knuckle heads. What is wrong with you. People wish list

I hope that was a lot more there in the article, but he could go on for a long time, but I figured wrap up a little. Early today on Christmas, spend time at your family. I hope you are enjoying your day for those he listened to the show cooking Christmas dinner enjoy our Chris, this is a very important holiday. For me, I M a practising Christian, I'm a sinner. Unfortunately, I wish I buy pray every night to be a better man for the strength to embrace. Offering I need to embrace it. Join the Lord Almighty in the second creation, but it is an important day for me outside of a gift giving been saved by Jesus it's a long time ago, so I want to acknowledge at Christmas day. I want to thank you all for everything you ve done for me, Joe, and I tat an extraordinary year. The show us All that is the same number. Two position and conservative part guess logic. Few so merry Christmas. I really really deeply appreciate everything you ve done. For us. It means the world's Methinks world

feedback on the show, and I will show you all tomorrow. You just heard TAN Bonn, GINO she'll get more of them online in time and conservative review dot com. You can also get dance podcast, soon, Itunes or sound cloud and follow then on twitter. Twenty four seven at De Bonn, GINO.