091824 Steve Laffey

Episode Transcript

Speaker 1 (00:00):
Right here. We are going to have you here. That
first hour is chaos. I'm telling you, I'm a banking
questions from my son, the boss man, talking to him
about stuff. Secondly, a little well, it's it's it's negotiation season.
Let's just say that. So good to have all of
you here on the programs, on the phone, hear the breaks,
and boy, it's a focus here, focused on the on

(00:23):
the program for God's sake. Good to have you here
on the show. Jimmy is my name and it's a
pleasure to be here. Hope you feel the same week.
A couple of ways to contact me Jimmy Lakey at
iHeartMedia dot com, Facebook dot com, slash Jimmy Lakey fan page,
the Twitter or the ex is Jimmy Lakey truth Social.
I need to get back on truth Social. I haven't
been there in a while, but that's just my name.

(00:43):
I've tried to be more active on the Twitter though.
If you want to ex me or whatever we call that,
and feel free to do so, all right, Jimmy Lakey
at iHeartMedia dot com. Every Oh, by the way, I
put up the question on National Cheeseburger Day. Uh, it's
real simple question. And you just you get to respond accordingly.
It says, today is National Cheeseburger Day. Where will you

(01:05):
celebrate with a cheeseburger at? Where's this cheeseburger going to
be from? Going to be your own real Is it
going to be your own backyard? Is it going to
be your own kitchen? Is it going to be at
the McDonald's. Is it going to be at the five
guys Burgers? Which is going to cost you about forty
five bucks for burger? And now they're very expensive, they're
but they're good. Where's it gonna be? Where are you
gonna have that cheeseburger? Today? Today's National Cheeseburger Day. And

(01:26):
so to all of you, I bid you a happy
National Cheeseburger Day, ladies and gentlemen. I welcome to the program,
mister Steve Laughy. Last week, boy, we pulled that string
and he was why. I don't know if he breathed.
I think we had to get him oxygen after the show.
He was fired up last week, Steve Laughing, Good morning, sir,
how are you?

Speaker 2 (01:45):
I'm gonna pause today. I'm back in Boston, but yes,
I was at Rare Fight, Rare fight here at five
thousand feet, and I got off and said, I gotta
give you a meet anyway. Can you start talking? Here
we go?

Speaker 1 (01:57):
I said, wow, his rubber band was wound up tight today.
It's good to have you always, good to hear your voice. Steve.
Glad you're back in Boston with your daughter. Prayers for
her as well. Let's dive into a couple of things.
Here we go, sixty five days the second assassination. Haven't
had one in forty three years now, We've had two

(02:17):
within sixty five days. Secret Service is broken and falls
under Alexandria, Alejandro Mayhorcas, Department of Homeland Security. We got
a big issue here.

Speaker 2 (02:31):
Yes, we go throughout history. This is really unprecedented as
far as a time frame of this and the fact
that you and I have talked about this before we
talked about it. We've got Robert s kDa and Junior
who requested secret Service and didn't get it. And I said, michell,
if something happens to Roberts Canadyr, who I'm not voting for,
et cetera, et cetera, then this will be the tribal

(02:53):
His father was assassinated, So it didn't happen at least
so far, but in Trump's case, even after the first
disaster that we talked about what everybody should have resigned,
they just don't have enough people protecting the president, and
nor do they probably today. President Trump is brave to
keep going out with the stuff. I would stay to them,
stay away from the golf courses and just stay somewhere inside.

(03:16):
But I don't think you can do that running for president.
But it does show up the number one thing as
to why Democrats should not be in charge of anything.
Generally speaking, there may be a couple of exceptions. They
can't run anything. And in Camilla Harris, you have someone
who's never run anything, nothing, no executive position, her entire
life in the private sector, nothing, and here she is

(03:38):
trying to be president of the United States, and she
would be worse. She has no idea what she's doing
on any single topic of administration. And that's why these
debates are so poor, Jimmy. They don't go into what
an a chief executive officer of America actually does, and
they don't care the media. They just don't care. But
it's very important if someone can run things, hire people.

Speaker 1 (04:00):
Yeah, may Orcus has obviously failed. I mean, the whole
Department that he's run. Everything under him as a cabinet
officer has really fallen apart. You've got the border that
is an albatross around the administration's neck, and they're like, hey,
for day one, we're going to start to fix this stuff.
So they know it's a disaster. That's something else a
chief executive does. You have to admit changes, You have

(04:21):
to turn some fire people to times, and unfortunately it
seems to me that nobody gets fired. I think Donald
Trump said that, but may orca still has a job.
We're told after the first assassination attempt that some people
are going to move into early retirement perhaps, but there's
real nothing really changes here, just incompetence. Something happens for

(04:45):
the first time in forty three years. But there's nothing
to see here. Let's move right along and no one
shall be held accountable.

Speaker 2 (04:52):
And Trump Afghanistan and it's tremendously bad effects of now
nearly I guess a million people killed in yuk War.
What President Trump with President Biden has shown is that
he himself is the worst and the only person that
could possibly worse than him would be Missus Harris. Because
they just don't run anything there's not a single department

(05:13):
that we think is run well, not so Security, not
the Treasury. And you're right, Jimmy, no matter what happens,
they just they just keep the people and the same
people in power. There wasn't one general that got relieve
the duty after Afghanistan. Now they disagreed with them, but
they if they hand the cohonas they would have just
resigned before the Afghanistan operation what to call a disaster.

(05:39):
And this is where Trump is not capitalizing them. He
should be capitalizing that he's a chief executive officer, already
been one, and yes he fired these people, and because
of these reasons, et cetera, et cetera, he just doesn't
capitalize on the moment. And that's why this race is
still close.

Speaker 1 (05:54):
I guess the worst of Steve Laffey's website Steve lafe
dot com. Now, Steve, it's kind of was early in
the week before this assassination attempted. Over the weekend, it
was big talk on some of the news channels that
today we're expecting an announcement from the Chairman of the
FED that he's going to lower the interest rate, how low,
what he's going to do. There's still speculation about that.

(06:17):
Give me your thoughts, because you know, again we had
the pagers blowing up yesterday against it as the law.
You have other things that have kind of pushed this
this rate cut out of the headline. But that's supposed
to happen today.

Speaker 2 (06:30):
Your thoughts, Yes, set a reserve of the United States
of Americas. It such a terrible job, especially since two
thousand and eight when they printed money, kept rates too
low for too long to formed the economy, and then
were forced to raise rates where basically most of the
banks that really broke. But let's move forward to the
fact that inflation, which was not transitory but core inflation,

(06:53):
is now moving up again as they're about to cut rate.
So now some people could look at it. I don't
want to be too technical with the audience and say
that wells inflation is still running. It's three Steve, and
they control short term interest rates. Shouldn't they get them
down a little bit? Maybe the answer is yes. But
here's the real problem that I've talked about with you
for years and now it's actually happening. Long rates, ten year,

(07:16):
twenty year rates that we're the mortgages are probably those
rates are probably going to go up. As they cut race.
The yeal curve will then become not the two to
ten year rate is not inverted, but it will be
a normal curve. But what will happen, and what's starting
to happen, is that the money supply of our country,
m to by the Saint Louis fed and the velocity
of money which we're both coming down. And that's what

(07:38):
you really want. That's what inflation really is. It's the
money supply, which no one will talk about. There now
both going up. So when you multiply one versus the other,
you could look out a year from now and see
inflation running not at ten twelve percent of me, but
at four percent as they've cut rates. This is why
I said two and a half months ago on your show,
it's time to get out of the US style lif

(07:59):
I've only spoken about two things specifically, I think of
ten years. One was in twenty twenty in April I said,
ye over when it was seven or eight dollars is
now thirty. But also I said to people it's time
to get the dollar. But the bigger picture is that
all this stuff is destroying the middle class. When both
Kennedy's are saying, we have policies to help the middle class.

(08:19):
So no matter what the FED does, which they will
cut it by twenty five or fifty, which really matters.
Not a pillow beans with anybody in the short term
because they can do twenty five and twenty five and
two months in a row. It doesn't really matter. But
they now have so much debt. Can I give you
some statistics on debt, Jimmy, just so you know what's
going on. Everybody knows, all right, So the global money
supply is up twenty point six trillion dollars since twenty nineteen.

(08:43):
Global debt was up fifteen trillion last year. It's now
a record high of three hundred and thirteen trillion. The
unfunded liabilities in the United States of America and Social
Security alone at sixty five trillion. The list goes on. So, now,
with all this debt, what does the FED really really
really need to support they're really really rich friends who
meet in Wyoming and other places with them. They need

(09:05):
much lower rates. But how do they get there. The
truth is they can't be really a market for this
because at some point it's all going to end. It's
already ending with the dollar which is hurting the middle
class and hurting people. Yet we have a Republican presidential
candidates who want a week of dollar, along with Democratic
presidential candidates. We don't want this. All of this is

(09:26):
now coming to truition. Where's too much debt, and that's
why gold is at a record high. So I think
the Fed cutting rates is in material to the real
question as to what's happening now with the money supply,
in the velocity of money. Because I told you a
year ago that we could say, because it was all
coming down with the lag effect, we could see inflation
near zero in the summer, and we did. But now

(09:47):
the core rating place is starting to go up. And
looking out a year, when you cut rates and people
then flee the dollar, you get a real problem. You're
going to nineteen seventies problem. What will the FED do
when next summer inflation, let's say it it's running at
four percent. Remember Boeing wants pay increases for the unions.
All these things are happening in all these unions, and

(10:07):
so people have to raise prices to keep up with this.
And so if this all happens and even inflation is
at four and they've cut rates and cut rates and
cut rates. The dollar will be so weak. This will
be a giant problem for America. It's debt, it's tax receipts,
it's people living in it, and it's all. This is
the real crux of the issue that we haven't solved

(10:29):
any big problem, which is why I ran for president.
But I guess people will want to start solving the
problems next summer. Is the way I look at it.

Speaker 1 (10:36):
The voice is Steve laffe his website, by the way,
Steve Laffey dot com. You can go find a lot
more about him, books, movies, and other past interviews that
he's done on a lot of topics, including this one.
Many of those interviews with me, Steve Abie, I have
one more topic in here, and it's election season and
there's a lot of issues out there. The cost of
energy has been a very big deal in the past.

(10:58):
We noticed it at the pump. People will notice that
this winter when they turned the heating bill on. I
thought a couple of years ago, all of a sudden,
you have these public buses that said powered by natural gas,
and natural gas was the cleaner alternative. Everybody was supposed
to be happy about natural gas now we're told screw
that we need to ban natural gas stoves. You get
to natural gas is bad. They're banning exports of natural

(11:22):
I'm so confused on the energy policy. What's clean, what's not,
what's It's kind of like, do we have any long
term direction on this thing?

Speaker 2 (11:31):
No, we don't. And so what's happened recently is that,
for example, the windmills off the coast of Massachusetts have
exploded in fiberglass, destroying the beaches in the environment. Giant windmills. Okay,
so just take us aside too. Remember capitalism only thries
with the rural law and really cheap energy. Three natural
gas is far cleaner by forty percent. It's the reason

(11:54):
our missions in our country are actually going down versus China.
But it's still doing the cold stuff and so forth.
I'm in favor of all of it, just has everybody knows,
including nuclear, which doesn't admit anything. Last I look. So,
so the policy of America recently is what Joe Biden
is doing even now, even today, delaying the permits, pausing
the permits to export liquid natural gas. Now, I was

(12:17):
never in favor of this back in six as far
as exporting it because I wanted to keep it in
the country, keep our keep our energy course really cheap.
But to help when the when the war, help our allies,
we better keep doing it. Now we have lots and
lots of it. So what's happening is the message to
people who produce natural gas is that we hate you.
And so if Harris comes in, she doesn't have to

(12:40):
go against her most recent change of policy, which is
that she doesn't want to be infracking of natural gas.
She just will delay the permitting. She will just slow
walk everything. Now, why Trump doesn't capitalize it today? For example,
I'll give you the example. You can't get You can't
get a pipeline into New England. So a swing state
of New Hampshire pays twenty two cents per kilowatts on

(13:02):
average for electricity, and in Pennsylvania it's eleventh because they
have they have natural gas. Why don't why doesn't he
just go to those two states and stuff publicize this.
We want to get a pipeline to you and cut
your electric bill people in New Hampshire by half. She
doesn't want to. She wants it to go to forty cents.
To kill a water alive because that might make sense then,
for you have solo panos on your houses in the

(13:23):
middle of the winter in New Hampshire. These are like
easy things Jimmy, that he I think refuses to do.
I don't know why this. This is an easy one
for two swing states Pennsylvany, New Hampshire. Look at the map.
We want to take the natural gas and give it
to New Hampshire. The Hellwood Rhde Island in Maine. They're
not voting for you. Just send it to to New
Hampshire and let the people there the next week's weeks
say to themselves, I'd like my match. I get my

(13:44):
electric staticity course down by fifty percent if I vote
for Trump, that might be ten thousand votes.

Speaker 1 (13:50):
Jimmy, Yeah, it's amazing how you can change a policy
by fracking. I'm not against fracking. I love fracking. Well, okay,
maybe you are. But then if you've changed the bureaucratic
state and you don't allow the experts, all of a sudden,
it's no longer beneficial because you're not moving the product,
So you stop cracking automatically. In other words, the bureaucracy
of DC and the regulations start to control and accomplish

(14:14):
the very thing. Even if you don't call it a
ban on fracking, you essentially have shut cracking down.

Speaker 2 (14:20):
Exactly, Yeah, exact.

Speaker 1 (14:24):
Steve Laffy. It's all it's all a game. My friends there,
they're still That's why. That's why Kamala Harris does the
interview and says, my values haven't changed. I'm still going
to get to the end goal of my values. I'm
just going to do it through the bureau bureaucratic and
regulatory state and then tell the poor dear people of Pennsylvania.
I'm not against fracking. Now there's going to be no
way to move their product. But you know, frack all

(14:45):
you want and frack away your little frackers. That's what
That's what they say. Steve Laffey. It's always a pleasure,
my friend. I enjoyed. I enjoyed hearing your breath. I'm
glad the rubber band wasn't so tight because it's fun
to converse with you.

Speaker 2 (14:59):
Love you, buddy, loving my friend.

Speaker 1 (15:01):
Praying for your daughter. I appreciate you hopping on be
praying for his daughter, Sarah Grace. She's up there. She's
been facing that terminal fore cancer for many, many years.
And Steve has kind of kept it kind of quiet
times that people told we talked about it some, and
he and I talked about it regularly. But please pray
for her. She's it stays four but they've held it

(15:24):
at Bais for now and they're still going through treatments
up in the Boston area. She started, she's a young
woman now, but she started her treatment at the Children's
Medical and so they've kept her in the system with
the doctors. But her name is Sarah Grace, Sarah Grace Laffey.
And if you're a praying person, I know that Kelly
and Steve and their entire family would appreciate your praying

(15:44):
for her. That's why he's in Boston right now, being
up there with his daughter who's living up there for
medical treatment. And everybody's pray hard, pray hard for Sarah Grace.
All right, Jimmy is my name? Glad to have you
here on the radio show. How's everybody this morning? I'm
I'm feeling good, I said earlier after I made the
opening comments. And if you missed the six o'clock hour,

(16:07):
it's National cheeseburger Day, right, And I began to show
by saying that not everybody likes the same cheeseburger. Beauty
is in the eye of the beholder, and I said, like,
not everybody thinks And in the course of example, I said,
not everyone thinks your kid is cute, not everyone thinks
your dog is cute. Not everyone thinks your wife is pretty.
And that got me in some hot water. I realized
I should have said, not everyone thinks your husband's a

(16:27):
hunkleberg in love. Okay, but at anyway, so people's like
my wife's party, what do you call them out? No,
it was an example of the cheeseburger wars because it's
on a Facebook page where you're going to eat a
cheeseburger today, You're going to make it yourself. You're going
to go in a restaurant. It's National Cheeseburger Day in America, right,
so they celebrate celebrating National Cheeseburger Day. Well, I made

(16:48):
the mistake of saying my phone is blowing up. It
was like five or six text right in that segment
of people are going laughing at me. Friends of mine
texting me about my comment about your wife not being pretty,
and one of my buddies sent a reference to yesterday's
pager blow up against Hesbalon and said, Jimmy, your phone

(17:10):
is not blowing up. Literally, it was not blowing up.
Thank God. Is that a crazy story for me? Yesterday?
Everybody hold on Laky six hundred k col