May 15, 2023 • 37 mins
DeSantis-Trump kerfuffle in Iowa. DeSantis goes after Trump. DeSantis denounces wokeness and DEI. Buck's dad, Mason Speed Sexton, financial forecaster and founder of New Paradigm Research, joins Clay and Buck to discuss the economy, and his prediction that a major economic correction is around the corner. Montage of media lies about covid. Clay and Buck take calls.
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Episode Transcript
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Speaker 1 (00:00):
Welcome back in Clay Travis Buck Sexton Show, Final hour,
Monday edition of the program. Appreciate all of you hanging
out with us as we roll.
Speaker 2 (00:10):
Through the program.
Speaker 1 (00:12):
Here so many different things to discuss, as we well
have been doing. That's why you should go subscribe to
the podcast. Make sure you don't miss a moment of
the program. We understand many of you listening out there
at the five hundred plus stations, but also life happens
you're running around you may hear part of the show.
Why not go download the podcast. You can zoom in,
you can hop in and out. You can even listen,
(00:34):
as my wife often does, at double speed, rush your
way through the program so it fits your morning or
evening commute, whatever makes sense. We appreciate all the different
ways that you are consuming this product. Bucks down in Florida,
I'm out in La Buck's dad, Mason Sexton is going
to join us at the bottom of the hour. I
think you guys are going to enjoy that to talk
(00:56):
about the latest as it pertains to the economy and
what he sees going on on going forward. I think
that is going to be a fun conversation. Now we
have talked all about the ridiculousness of Biden and the
white supremacy argument, But who is going to take on
Joe Biden. I would submit to all of you out
there that while every single day there is a new
(01:19):
poll coming out talking about the Republican primary race, that
really all that matters right now if you truly break
it down, is what's going to happen in Iowa and
New Hampshire, and that what the data reflects is this
is not a national primary. It would be the case
that if everyone went to go vote for a Republican
(01:39):
nominee on January twenty fourth, or whatever the heck the
date's going to end up being in Iowa, that Donald
Trump would be in a really great spot. But Iowa
is the caucus. Remember Trump lost Iowa to Ted Cruz
in twenty sixteen. It's followed by New Hampshire. Those are
not particularly strong states for Trump. And while Ron DeSantis
(02:01):
has not yet entered the race, he had a campaign
style swing where he went into Iowa. Trump and DeSantis
were scheduled to both be in Iowa at the same
time eight hundred and two.
Speaker 2 (02:15):
Eight two two eight eight two Iowa voters only.
Speaker 1 (02:19):
I would love to hear from you all right now
about how you are setting up this race. Trump said
that there was or Trump's team said, hey, there's a
tornado warning. We are not going to do our big
rally in Iowa. As a result, DeSantis traveled to near
where Trump's big rally was going to be and made
(02:42):
an argument Tida taken some shots at Trump.
Speaker 2 (02:46):
Whether it was great.
Speaker 1 (02:47):
He was excited to be able to interact with everybody.
And I do think one argument DeSantis made in Iowa
buck is accurate. It's an argument we've been making on
this show. Biden will lose if the race is about
Biden because he has been an awful disaster of a president.
Listen to Ron DeSantis making that case.
Speaker 3 (03:08):
If we make twenty twenty four election a referendum on
Joe Biden and his failures, and if we provide a
positive alternative for the future of this country, Republicans will
win across the board. If we do not do that,
if we get distracted, if we focus the election on
the past or on other side issues, then I think
(03:30):
the Democrats are going to beat us again, and I
think it'll be very difficult to recover from that defeat.
Speaker 2 (03:37):
Okay, We've made that argument on this program.
Speaker 1 (03:40):
Buck, have you seen enough from DeSantis yet to believe
that he could win in Iowa? Do you agree with
me that Iowa is its own unique battleground, very different
than what might be reflected in the national polls.
Speaker 4 (03:55):
Well, everyone remembers that even in twenty sixteen, when Trump
won the nomination and was such a an incredible political force,
he lost Iowa to Ted Cruz. So that's I think
an indicator that it's a place where now you could say, well,
that was before he was president and since then people
might have changed their minds a lot. Yeah, But if
(04:17):
you're looking at the kind of people, the kinds of
base voters who are going to go to the Caucasus
and do the whole process, and every year everybody in
politics has has to relurn what exactly happens at the
Iowa caucuses.
Speaker 5 (04:32):
They're talking in a room and they go talking another.
Speaker 1 (04:35):
Still, to be fair enough, I still don't really understand
what goes on.
Speaker 4 (04:38):
But at the end of it, you know, they figure
out who they're who they're supporting, who they're going to
vote for. And I just think that that's a place
where where you're likely to see uh, strength for other
candidates period New Hampshire as well. That's where you will
see strength for non Trump candidates, whoever they may be
in the in the primary at this stage. And look, DeSantis, uh,
(05:02):
did you know the the.
Speaker 5 (05:03):
Culture of losing? Do we already?
Speaker 6 (05:04):
Uh?
Speaker 5 (05:05):
Yeah, we already?
Speaker 1 (05:06):
Well, we played we played cut six there, which is hey,
if we make this, we haven't played the colts, which
is a direct attack.
Speaker 4 (05:13):
So here here is DeSantis taking a real swipe, and
this is this is what escalated things of it over
the weekend. Here you know Ron Ron knows how to
throw a roundhouse to play five.
Speaker 3 (05:23):
Both Florida and Iowa show strong leadership and a bold
agenda can defeat the left in this country. But there's
no substitute for victory. We must reject the culture of
losing that has infected our party in recent years. The
time for excuses is.
Speaker 5 (05:42):
Over losing and excuses.
Speaker 4 (05:46):
Now you can argue whether that's a veiled I'm not
even sure you could say it's a veiled shot at Trump.
I think it's pretty straightforward because this is where a
lot of the primary fight comes down to. Right now,
we did not win Senate control in the last in
the midterm election, and we should have and people will
say why they last that question. We obviously did not
(06:09):
win the presidency in twenty twenty, and we lost the
House in twenty eighteen, So there have been a number
of losses here, all of which I think we haven't
had a full after action assessment of how exactly things
went wrong, because there's this belief that the way things
(06:30):
have been, you know, is actually I think a winning strategy.
And that's where DeSantis is digging in on this. It's
kind of like, do you want to win? Do you
want to lose?
Speaker 2 (06:40):
Yeah?
Speaker 1 (06:40):
And this is where to me, the Caitlan Collins CNN
special got this huge win for Trump, but the number
one question if Caitlan Collins had truly wanted to be
an antagonist, which she did of Trump and get an
interesting answer, and this is what we said. Trump continues
to say twenty twenty was rigged, stolen election. That's his argument.
(07:04):
He's not going to come off of it. The more
interesting question to me, Buck, and this is one I'd
like to see Desantus address. This is what I'd like
to see everybody out there running for the nomination address,
including Trump. If twenty twenty was rigged, and both you
and I agree that twenty twenty was rigged. Let me
be clear about that. All the big tech companies were
rigged against Trump, All the big media were rigged against Trump.
(07:26):
They provided a profoundly dishonest media coverage of the twenty
twenty race, no doubt about that. But if you believe,
as Trump did, that there were millions of votes that
shouldn't have existed that existed for Democrats, why is twenty
twenty four different If they were willing Let's accept the
(07:48):
premise of Trump's argument. If they were willing to rig
the election to ensure that Joe Biden won in twenty twenty,
why would they not do the same thing in twenty
twenty four. In other words, my concarn with Trump's argument
about twenty twenty, Buck, is that it's ultimately not only
self defeating in the context of talking about the past,
(08:09):
it also doesn't logically follow that you can win in
twenty twenty four. If they were willing to rig the
election in twenty twenty, why wouldn't they be willing to
rig the election in twenty twenty four? And Buck, this
is a question you and I get from a lot
of the most ardent Trump supporters, And that's why I
think it's a self defeating argument, not only retrospectively looking
(08:32):
pat back on the past, but also looking towards the future,
because the logical extension of that is, if you were
such a danger in twenty twenty that they would rig
the election to keep you from winning, why wouldn't they
also do that in twenty four And I haven't ever
heard Trump answer that question in a way where I said, oh,
you know what, things have changed.
Speaker 4 (08:52):
And I wasn't paying close attention to the weather reports
on this one, but I did see on line the
back and forth, and just so everyone knows what happened
here is you had Trump was scheduled to be in
Iowa at a outdoor rally and it got called officially
(09:13):
because of tornado warnings. Ron DeSantis was not far away,
I believe from this, and was photographed seeing people shaking
hands and going going and doing what he had planned
to do.
Speaker 5 (09:27):
So this created a fight.
Speaker 4 (09:29):
Among some of the Trump and Desanta supporters online, which
neither Clay nor I weighed in on. To be clear,
We're just watching this unfold and people are saying, yes,
there was a tornado. Other people are saying, no, Trump
didn't get the numbers and knew it was going to
be a bad look on a day where DeSantis was
there and seeming to get lots of enthusiasm in Iowa,
(09:52):
so he called his own rally off to avoid those optics.
Now Trump is not you know, he says at Abstuly
not that's crap, that's unfair. But I could tell you
I've seen people on both sides of it claiming to
be Iowans who know exactly what the news was and
who knows. You know, this is just people online. But
some are saying, yes, it was for tornadoes. Some are
(10:14):
saying Trump wasn't getting the numbers.
Speaker 1 (10:17):
Well, and then DeSantis gigged him a bit by showing
up I believe at a barbecue place, ye, standing on
tables outdoors and saying, man, it's really a beautiful night tonight,
isn't it. So I'm not a meteorologist. Let's be clear here,
Nora is buck. I can't tell you what the legitimacy
was or was not of the tornado threat. But when
DeSantis rolls in to basically the same place where Trump
(10:40):
was going to have his rally, that evening, climbs up
on a picnic table and talks about what a beautiful
night it was and shakes hands with everybody around there,
with his wife Casey in tow I might.
Speaker 2 (10:51):
Add, standing up on the on the table.
Speaker 1 (10:54):
I imagine that when those images made their way back
tomorrow a lago, Trump was not happy with the fact
that DeSantis is showing up in the same community basically
where he was supposed to have his rally, talking about
what a beautiful night it was. So this is look, Iowa, Iowa, Iowa.
You know, this is the story, and then it's gonna
(11:15):
be New Hampshire, New Hampshire, New Hampshire. And overwhelmingly the
stories change in a heartbeat based on what happens in
those two states. And so as much attention as you know,
it might make sense to be talking about, Hey, a
poll came out in Georgia, and then a poll came
out in Florida, and there's a poll in Washington State
and all these different individual states. People follow the actual
(11:37):
election results, and the rubber is going to meet the
road in January. And so as crazy as it might seem,
when these guys are showing up at the Iowa State fair,
and when they're showing up at the sy Hawk game
between Iowa and Iowa State and when they are shaking
hands and kissing babies all over the place. Iowa, I believe,
(11:58):
is a fertile state for someone to challenge Trump. I
don't think Trump is super popular there. Maybe DeSantis, maybe
Vivic Ramaswami makes a surge. Remember everybody Cruise one Iowa
in twenty fifteen, if we went back in time eight
years to this date, Cruse was pulling at two percent
(12:19):
in Iowa. And then he catches fire going around, people
decide they like Ted Cruz and he beats Trump.
Speaker 2 (12:26):
And Iowa, and then I was fine.
Speaker 4 (12:28):
I was in New Hampshire for the Republican primary there.
I was up there and I remember, you know, Trump
took that one, if memory serves correctly, and so that
was where and then from then it was like he
was out in the front of the pack and nobody
caught him, and it was just it was Trump's world
and everybody was living in it. After New Hampshire, We'll
(12:49):
see how that shakes out this time around. But I'm curious,
you know, how it strikes you out there the we
we have a culture of losing on the right. How
do you take that. Do you think it's an effective
argument and let's be honest, line of attack from DeSantis,
or do you think that there's only one person who
(13:09):
can turn that culture around and his I was gonna
say his name rhymes with Trump, but no, actually his
name is just Trump.
Speaker 2 (13:16):
Then would be the way that would go.
Speaker 4 (13:18):
So we'll get to that eight hunder two eight to
two eight a two on those lines, give us a call.
Speaker 2 (13:23):
Yep, no doubt.
Speaker 1 (13:24):
Graduation ceremonies, by the way, going on all over the
country right now. I was at one over the weekend.
I bet a lot of you were high school, college,
grad school.
Speaker 2 (13:34):
And guess what.
Speaker 1 (13:35):
They had a graduation ceremony on the Hillsdale College campus
this past weekend. And guess what it also, while graduation occurred,
doesn't mean the faculty slowing down for summer. In fact,
is quite the contrary. Their latest endeavor podcast network. It's
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(13:59):
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Of course they're esteemed president. He's a fantastic speaker himself
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also informative with Hillsdale College faculty, friends, alums, and visiting
(14:19):
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Speaker 3 (14:42):
We're going to elevate merit and achievement above identification with
certain groups, and in order to do that, we had
to look at this relatively new concept called diversity, equity
and inclusion. What this concept of DEI has been is
to attempt to impose orthodo on the university. But this
(15:02):
has basically been used as a veneer to impose an
ideological agenda, and that is wrong and in fact, if
you look at the way this has actually been implemented
across the country, DEI is better viewed as standing for discrimination,
exclusion and indoctrination, and that has no place in our
(15:24):
public institutions.
Speaker 4 (15:26):
Okay, that was Governor Roda Santez of Florida signing as
part of this really heavy in the conservative win column
legislative session in the state of Florida signing essentially an
end to any state dollars being put toward DEI diversity
(15:48):
equity inclusion training of any kind. So wokeness and CRT
and DEI in schools not only against the you know
the statute, but also defunded in essence.
Speaker 1 (16:03):
Yeah, it's big, and look, this is the reality of
the battles unfortunately that we have to fight, and we
start off the show talking about this. Really the essence
of the battle in America today is is American history
and is the founding of this country a moment of
pride and exceptionalism in all of history or not? For
(16:28):
most of our lives, the answer was yes, the founding
of America was a unique and incredibly bright spot in
all of human history. This is, in fact, in my opinion,
and I think many of yours, the greatest country in
the history of the world. Democrats don't believe that anymore,
and they are telling your kids even worse that in fact,
(16:49):
the history of America is a legacy of oppression and discrimination,
and that America, instead of representing what Ronald Reagan would
say as a bright, shining city on a hill, is
actually representative of evil incarnate in humanity.
Speaker 2 (17:07):
And that is.
Speaker 1 (17:07):
Something that you can't really take a middle of the
road process on.
Speaker 2 (17:11):
Buck. You and I talk about this all the time.
Back in the day, you could argue, Okay, hey.
Speaker 1 (17:15):
The tax rate on corporations is going to be thirty
three percent or twenty three percent, and we could battle like, hey,
what should the tax rate on corporations be. That's a
disagreement that, in the grand scheme of things, is just
a disagreement of a degree. Whether the country is good
or evil is a profoundly important debate, But there is
(17:36):
no middle ground, and that is, unfortunately the battle that
we're going to have to fight right now going forward.
I want to tell you, look, you probably got insurance,
You got car, you got home health insurance.
Speaker 2 (17:50):
What about the food you have?
Speaker 1 (17:52):
Do you have an insurance policy in the event that
you were not able to go out and buy the
food to take care of your family.
Speaker 7 (17:59):
I do.
Speaker 1 (18:00):
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(18:21):
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Speaker 2 (18:33):
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Speaker 2 (18:51):
On the front lines of truth.
Speaker 4 (19:01):
As promised, we're now joined by Mason speeds Sexton, my dad,
who was the founder of New Paradigm Research. Last time
he was on the show was for Father's Day, but
today it's for a very different reason. We're going to
dive into his expertise. Dad spent over fifty years on
Wall Street work for Morgan Stanley and Salomon Brothers ran
(19:22):
his own firm for decades. In eighty seven, he actually
got a ton of press for calling the Black Monday
stock market crash on TV. He's also called a lot
of other important moments in the market. Today, we've invited
him on because he's going public with his first major
prediction about the market and the economy in years. But first, Dad, welcome.
(19:45):
Great to have you on the program and tell everybody
out there who's listening, like, what do they need to know.
We've got a banking crisis, we've got a commercial real
estate crisis, possibly in the near future. What's happening right now?
Speaker 8 (20:01):
Well, but first of all, it's a great honor to
be on your show and with you and Clay, and
this has been a long time coming. But with the
response to your question, this recent banking crisis, which started
out in March, as everybody probably remembers, with the demise
of Silicon Valley Bank, and then it's been followed up
(20:23):
by several other major regional bank failures. This is just
the tip of the iceberg. In my opinion, I think
we're headed for a really difficult time, not only in
banking but the economy. And the stock market, and I
think it's very important that your listeners do everything they
(20:45):
can to protect their assets and take as a defensive
position as possible, at least over the next twelve to
eighteen months.
Speaker 1 (20:55):
Mister Sexton, I appreciate you coming on with us. I've
been talking on the show and I'm curious, long time
New York City resident about the dangers of commercial real estate,
and Buck just kind of tiptoed up to it there
in his opening question for you. How bad do you
think this commercial real estate universe is going to get?
With two things conspiring. One, not as many people are
(21:16):
now going into the office, and two, due to the
massive rise in interest rates, so many of these commercial
real estate deals are going to have to be renegotiated.
And on paper they might have made sense at two
and three percent, at six and seven percent, they don't.
Speaker 2 (21:34):
How much of a mess is this going to be?
Speaker 8 (21:37):
Well, that's an excellent question, Clay, And of course it
ties directly into the banking crisis because about seventy percent
of loans to small business in this country are made
by regional banks, and their portfolios contain about twenty to
twenty five percent of these commercial real estate loans you're
(21:58):
talking about. So as you've heard probably recently, a number
of these major office buildings on the West coast, particularly
one in San Francisco that in twenty eighteen was valued
at three hundred million dollars, they're not even sure they
can get a bit for sixty million dollars. This is
right in the downtown business section of San Francisco. So
(22:22):
these impairments are just adding to the overall problem in
the banking sector. And one of the reasons that I'm
so negative on the banks and then ultimately on the economy.
What's going to happen is that by the third or
fourth quarter of this year, in my opinion, you're going
to see a really bad recession take hold, partly as
(22:43):
a result of the fact that the regional banks are
pulled back dramatically on lending too small business in this country,
and as I said, small business activity is about seventy
percent of the economy. And then this commercial loan issue
is is going to be persistent, and it's a function
(23:04):
of the what I call the new paradigm, which is
the people don't really want to go into an office
that they don't absolutely have to. They save a lot
of time, they spend more time with their family, and
they're more productive working remotely. So these are major long
term transformations that are impacting the economy and the banking
(23:26):
sector at the same time, and I think they point
to much lower prices in the stock market.
Speaker 4 (23:33):
We're speaking of Mason Sexton, my dad, a fifty year
veteran of Wall Street, founder of New Paradigm Research and dad.
To that end, I know if people go to Disruption
twenty twenty three dot com, you're going to be partnering
with this show. In the weeks I had to tell
people more about this, But what is it you're going
to be doing at New Paradigm And what will they
(23:54):
see if they sign up at Disruption twenty twenty three
dot com?
Speaker 8 (23:59):
Right, so they'll get buck basically our research for free
here initially and get a good idea of what we're producing.
It's primarily focused on four ETFs. The Spider, which is
the SMP, of course and represents the bulk of the
(24:20):
stock market, the t LT which is the bond ETF,
the long term Treasury bond government bond, then the gold
the g l d E t F, and then finally
the XL e which represents the energy market.
Speaker 4 (24:36):
Look, Dad thinks that there's a huge correction coming and
he thinks of people listening to this now could be
on the wrong side and get hurt. But he wants
to help out and he wants to just give you
insights that you need. So sign up. All you can
do is give your email at Disruption twenty twenty three
dot com and your email address there that's Disruption twenty
twenty three dot com. There'll be a full video presentation
(25:00):
coming out everything about the big predictions he's making for
this year.
Speaker 5 (25:04):
Dad.
Speaker 4 (25:05):
Thank you, we'll talk to you more about the economies
this goes along, and thanks for partnering with the show
on this.
Speaker 8 (25:10):
Yeah, it's a pleasure book. Thank you for having me.
Speaker 4 (25:13):
Well, you know, I was just talking to my dad,
So this is actually a perfect time you can talk
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Speaker 6 (26:18):
Two.
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Speaker 9 (26:33):
K Sunday Hang with Clay and Bucking a new podcast
to find it on the iHeart app or wherever you
get your podcasts.
Speaker 1 (26:50):
Finishing up the Monday edition of the program, Senator Ram Paul,
by the way, we'll be on with us tomorrow. Should
be an interesting conversation with him, given all of the
chaos and certainty going out. We'll get to a couple
of year calls, maybe to close out the show, but
I wanted to make sure we gave this audio compilation
and also video compilation that has gone viral on social media,
(27:11):
one of the big things as the COVID emergency officially
ended last week. Although I flew out to La Buck
and the number of people still wearing masks when I
go to New York or La continues to just really
saden me. And it's even worse when I see like
a three or four year old being forced to wear
(27:32):
a mask, which still is happening on airplanes or walking around.
Speaker 5 (27:35):
In air child abuse, child abuse.
Speaker 1 (27:38):
I just feel so sorry for those for those kids
because they don't know any better, and they're they're they're
truly under zero risk and their parents are continuing. But
one of the things they've tried to do is shift
the story about what exactly they told you and what
they said, and how it is overall impacting this this
(27:58):
discussion that we're still having at the three years that
we went through with COVID. And Tom Elliott put together
a great compilation that I shared on Twitter. I think
you did as well, but I wanted to make sure
that you guys heard this is just a part of it,
a part of the lies that you were told that
no one wants to take accountability for.
Speaker 10 (28:16):
Listen, it is the unvaccinated who are the problem, period,
end of story.
Speaker 2 (28:21):
The only people you can blame. This isn't shaming, this
is the truth. Maybe they should be shamed, but the unvaccinated.
Speaker 7 (28:27):
Vaccinated folks are going to start wearing masks to protect
the unvaccinated folks.
Speaker 2 (28:34):
It's called a Christian value.
Speaker 10 (28:36):
If hospitals get any more over proudate, they're going to
have to make some very tough choices about who gets
an ICU. Bet that Troy doesn't seem so tough to me.
Vaccinated person having a heart attack, yes, come right on,
and we'll take care of you. Unvaccinated guy who gobbled
horse gup rest in peace, weezy.
Speaker 4 (28:52):
Literally, the only people dying are the unvaccinated.
Speaker 8 (28:55):
And for those of you spreading this information, shame on you.
Shame on you.
Speaker 2 (28:59):
I don't know how some of you.
Speaker 4 (29:00):
Sorry, those individuals should all be forced to sit down,
look at that clip of themselves and answer for it.
I mean, if we lived in a society where anyone
in the media was expected to have the least integrity
or credibility, clips like that don't exist of you and me.
In fact, they exist of us saying the opposite, which is,
these mandates are crazy.
Speaker 5 (29:19):
This is wrong.
Speaker 4 (29:19):
They shouldn't be doing this to people. But think about this.
I mean, Jimmy Kimmel's a comedian and he's taking the
platform where he's supposed to be making you know, glorified
knock knock jokes and saying that if you won't get
the vax you deserve to die. Millions of people saw
that and probably thought, yeah, he's right, because those bad
unvaxed people. It's monstrous what they did. It's monstrous what
(29:42):
Joe Biden did.
Speaker 2 (29:43):
No doubt.
Speaker 1 (29:44):
And I saw Elon Musch tweeted this over the weekend
and said, hey, and we've talked about this certainly on
the show a lot. Remember, but for the three Donald
Trump Supreme Court appointees, the Supreme Court would have signed
on the idea that Joe Biden could mandate that eighty
four million of you had to get the COVID shot
(30:06):
to keep your jobs and buck.
Speaker 2 (30:07):
This is one of the things you know in the
world of sports.
Speaker 1 (30:11):
When you're wrong on who's going to win the Super Bowl,
you have to come on your program and own it.
It's amazing to me that predictions in.
Speaker 5 (30:21):
The world of sports people.
Speaker 1 (30:24):
Are held more accountable for those in the media than
they are for failures of public policy, which are massive.
We haven't seen a reckoning. We haven't seen consequences, no one.
I was visiting with friends from Michigan this weekend. My
wife grew up. Gretchen Whittener got reelected, even though she
(30:47):
wouldn't let you buy seeds for your garden during COVID,
even though she said, you can't take your boats out
on the lakes in Michigan, oh by the way, her
husband did. But you can't eat it in restaurants with
groups of larger than seven to eight whatever it was,
Oh by the way, she did that and got caught
in that too. All of these people who were one
(31:08):
hundred percent wrong on COVID, who got every public policy
decision incorrect, no consequences how is it that we hold
people who predict who's going to win the Super Bowl
more accountable than we do our elected officials interacting with
your constitutional freedoms. It's a fundamental failure of the media.
(31:29):
But it's also a fundamental failure you want to talk
about dangerous to democracy. If people can make awful decisions
and there are no consequences for those decisions, then what's
the point of elections at all.
Speaker 4 (31:41):
I would love to have a sit down with various
Democrats in places like Michigan and just have them explain
to me how they could feel good casting a vote
for Gretchen Witless Whitmer after what she did to her state,
all of which was wrong. But you know the problem
is for a lot of people, they want to be
told what to do. Obedience to authority. For them, they're
(32:02):
like a walking Milgrim experiment. They don't care. They were
told by the man or the woman in the white
lab coat to shock the people, so they shocked the
people because that's what they were told. Independent thought, having
the character, having the freedom of mind to know what
is true, to care what is true, just doesn't even
enter into their discussion. Kathy from New Braunfells, Texas. You've
(32:25):
been a very patient. Thanks for calling in.
Speaker 7 (32:28):
Thank you, gentlemen, Thank y'all for a great job you're doing.
I knows Russ would be proud of y'all.
Speaker 5 (32:34):
Thank you so much.
Speaker 7 (32:36):
Listen, I listened to I'm a big Trump supporter, but
I listened to Disantis's speech in Iowa.
Speaker 6 (32:43):
Oh.
Speaker 7 (32:43):
I loved everything he said, And I think once he
finally announces, I truly believe that his numbers will go
up substantially, and I think a lot of independence will
finally come over to his side. But the main point
I'd like to make is when we elect our next
Republican president, it needs to be someone who is capable
of being in office for two terms eight years.
Speaker 2 (33:07):
And we hear that a lot. But thank you for
the call, Kathy.
Speaker 1 (33:10):
We hear that from a lot now that Trump people
would say, hey, we'd like to have a Republican president
for the next twelve years, Trump for four and then
his Antis could take his turn.
Speaker 4 (33:18):
Is Kathy still with us because she had some other
thought about DeSantis there, Kathy.
Speaker 5 (33:21):
What was it?
Speaker 6 (33:23):
Oh?
Speaker 7 (33:23):
Well, I loved everything that diss Hannah said. He said,
we're in Texas and so I love it when he
talked about how quickly he got the bridges rebuilt after
the hurricane there in Florida, and then he said, and
we'll send guys to Texas and build that wall for
y'all and get it.
Speaker 4 (33:40):
Done there we go. Thank you, Thank you so much.
Kathy appreciated Paul in Duluth.
Speaker 5 (33:45):
What's going on?
Speaker 6 (33:46):
Paul? Hey, guys, you know, for everyone that's showing Annaheuser
Bush how they feel and spending their money elsewhere, I
plogged them, But Miller and Cores are laughing all the
way to the bank. If anyone spends just ten minutes
on each one of those companies websites, they'll find out
the millions of dollars a year that they fork over
(34:08):
to various Rainbow mafia and shrans, terrorist organizations, pride events,
you name it, hand over fist every year is we're
giving money away. The only thing that they haven't done
that Anhuser Busch has done is make the dumbass mistake
of putting a Dylan mulvaney type face on one of
their cans. That's it.
Speaker 1 (34:29):
Yeah, Yeah, they haven't done it yet because the ad
where they apologize for having girls in bikinis help to
sell beer. It's kind of going down that pathway.
Speaker 2 (34:38):
And this is why.
Speaker 1 (34:39):
Look, I think the bud Light boycott has been wildly
successful because the one thing I will say is it
forced for the first time Buck a company to think, wait,
we can crush our business by being too woke, because
you could up to this point say okay, where is
the company now? I think I think Disney is starting
(35:01):
to hit some body blows and we talked a little
bit about this. I think the fact that they can't
grow in the United States is partly a function that
people are getting fed up with the woke Disney universe,
but that could be a larger streaming context battle that
they're dealing with. Bud Light is the first time Buck
I can remember somebody legitimately getting knocked out in the
(35:21):
ring by being too woke.
Speaker 4 (35:24):
How is the Little Mermaid remake doing with a the black.
Speaker 5 (35:30):
Uh not out?
Speaker 2 (35:31):
Mermaid comes out this weekend. I believe, Oh it's.
Speaker 5 (35:34):
It's coming out.
Speaker 2 (35:35):
I was gonna say that one week.
Speaker 4 (35:36):
I'm wondering how those numbers are in that one. And
then and then there's also the the controversy around the
Netflix with a black Cleopatra. Yes, a historical figure who
may be a surprise to Netflix maybe not. Was definitely
not black.
Speaker 1 (35:53):
Yeah, and Egyptian people are super fired up about this
idea and and to your point, Buck, but.
Speaker 5 (35:59):
She wasn't Arab.
Speaker 4 (36:00):
She was Greek, effectively by ethnicity because of the way
the ancient Mediterranean was colonized. But anyway, No, you're right,
and it's turned into a huge story that's a Netflix documentary.
I also, look, I'm a big I've got kids. We
go to a lot of movies.
Speaker 1 (36:15):
I'd never really bought into understanding why making an animated
movie over as a non animated movie is something that
I really want to go see, right, Like The Little Mermaid?
Speaker 2 (36:28):
Okay, great movie.
Speaker 1 (36:29):
Back in the early nineties, I went and watched Aladdin
with Will Smith as the Genie, and it was fine.
Whatever I took my kids wasn't like I was like, Oh,
I've got to go see the live action version of
the Latin just FYI.
Speaker 2 (36:41):
I was there.
Speaker 1 (36:41):
I bought it first day, solo, sitting in the front seat. No,
I don't understand why people, if you like The Little Mermaid,
put on the animated film. Are there tons of people
who are like I need a real life Little Mermaids.
Speaker 2 (36:53):
We're in the truth zone right now.
Speaker 5 (36:55):
Did you go see Shazam back in the day.
Speaker 2 (36:59):
Oh yeah, it was pretty good. Actually, now, Juzanna was pretty.
Speaker 5 (37:02):
Good, he said.
Speaker 9 (37:05):
Lay Travis and Buck Sexton on the front lines of truth.
Welcome back in Clay Travis Buck Sexton Show, Final hour,
Monday edition of the program. Appreciate all of you hanging
out with us as we roll.
Speaker 2 (00:10):
Through the program.
Speaker 1 (00:12):
Here so many different things to discuss, as we well
have been doing. That's why you should go subscribe to
the podcast. Make sure you don't miss a moment of
the program. We understand many of you listening out there
at the five hundred plus stations, but also life happens
you're running around you may hear part of the show.
Why not go download the podcast. You can zoom in,
you can hop in and out. You can even listen,
(00:34):
as my wife often does, at double speed, rush your
way through the program so it fits your morning or
evening commute, whatever makes sense. We appreciate all the different
ways that you are consuming this product. Bucks down in Florida,
I'm out in La Buck's dad, Mason Sexton is going
to join us at the bottom of the hour. I
think you guys are going to enjoy that to talk
(00:56):
about the latest as it pertains to the economy and
what he sees going on on going forward. I think
that is going to be a fun conversation. Now we
have talked all about the ridiculousness of Biden and the
white supremacy argument, But who is going to take on
Joe Biden. I would submit to all of you out
there that while every single day there is a new
(01:19):
poll coming out talking about the Republican primary race, that
really all that matters right now if you truly break
it down, is what's going to happen in Iowa and
New Hampshire, and that what the data reflects is this
is not a national primary. It would be the case
that if everyone went to go vote for a Republican
(01:39):
nominee on January twenty fourth, or whatever the heck the
date's going to end up being in Iowa, that Donald
Trump would be in a really great spot. But Iowa
is the caucus. Remember Trump lost Iowa to Ted Cruz
in twenty sixteen. It's followed by New Hampshire. Those are
not particularly strong states for Trump. And while Ron DeSantis
(02:01):
has not yet entered the race, he had a campaign
style swing where he went into Iowa. Trump and DeSantis
were scheduled to both be in Iowa at the same
time eight hundred and two.
Speaker 2 (02:15):
Eight two two eight eight two Iowa voters only.
Speaker 1 (02:19):
I would love to hear from you all right now
about how you are setting up this race. Trump said
that there was or Trump's team said, hey, there's a
tornado warning. We are not going to do our big
rally in Iowa. As a result, DeSantis traveled to near
where Trump's big rally was going to be and made
(02:42):
an argument Tida taken some shots at Trump.
Speaker 2 (02:46):
Whether it was great.
Speaker 1 (02:47):
He was excited to be able to interact with everybody.
And I do think one argument DeSantis made in Iowa
buck is accurate. It's an argument we've been making on
this show. Biden will lose if the race is about
Biden because he has been an awful disaster of a president.
Listen to Ron DeSantis making that case.
Speaker 3 (03:08):
If we make twenty twenty four election a referendum on
Joe Biden and his failures, and if we provide a
positive alternative for the future of this country, Republicans will
win across the board. If we do not do that,
if we get distracted, if we focus the election on
the past or on other side issues, then I think
(03:30):
the Democrats are going to beat us again, and I
think it'll be very difficult to recover from that defeat.
Speaker 2 (03:37):
Okay, We've made that argument on this program.
Speaker 1 (03:40):
Buck, have you seen enough from DeSantis yet to believe
that he could win in Iowa? Do you agree with
me that Iowa is its own unique battleground, very different
than what might be reflected in the national polls.
Speaker 4 (03:55):
Well, everyone remembers that even in twenty sixteen, when Trump
won the nomination and was such a an incredible political force,
he lost Iowa to Ted Cruz. So that's I think
an indicator that it's a place where now you could say, well,
that was before he was president and since then people
might have changed their minds a lot. Yeah, But if
(04:17):
you're looking at the kind of people, the kinds of
base voters who are going to go to the Caucasus
and do the whole process, and every year everybody in
politics has has to relurn what exactly happens at the
Iowa caucuses.
Speaker 5 (04:32):
They're talking in a room and they go talking another.
Speaker 1 (04:35):
Still, to be fair enough, I still don't really understand
what goes on.
Speaker 4 (04:38):
But at the end of it, you know, they figure
out who they're who they're supporting, who they're going to
vote for. And I just think that that's a place
where where you're likely to see uh, strength for other
candidates period New Hampshire as well. That's where you will
see strength for non Trump candidates, whoever they may be
in the in the primary at this stage. And look, DeSantis, uh,
(05:02):
did you know the the.
Speaker 5 (05:03):
Culture of losing? Do we already?
Speaker 6 (05:04):
Uh?
Speaker 5 (05:05):
Yeah, we already?
Speaker 1 (05:06):
Well, we played we played cut six there, which is hey,
if we make this, we haven't played the colts, which
is a direct attack.
Speaker 4 (05:13):
So here here is DeSantis taking a real swipe, and
this is this is what escalated things of it over
the weekend. Here you know Ron Ron knows how to
throw a roundhouse to play five.
Speaker 3 (05:23):
Both Florida and Iowa show strong leadership and a bold
agenda can defeat the left in this country. But there's
no substitute for victory. We must reject the culture of
losing that has infected our party in recent years. The
time for excuses is.
Speaker 5 (05:42):
Over losing and excuses.
Speaker 4 (05:46):
Now you can argue whether that's a veiled I'm not
even sure you could say it's a veiled shot at Trump.
I think it's pretty straightforward because this is where a
lot of the primary fight comes down to. Right now,
we did not win Senate control in the last in
the midterm election, and we should have and people will
say why they last that question. We obviously did not
(06:09):
win the presidency in twenty twenty, and we lost the
House in twenty eighteen, So there have been a number
of losses here, all of which I think we haven't
had a full after action assessment of how exactly things
went wrong, because there's this belief that the way things
(06:30):
have been, you know, is actually I think a winning strategy.
And that's where DeSantis is digging in on this. It's
kind of like, do you want to win? Do you
want to lose?
Speaker 2 (06:40):
Yeah?
Speaker 1 (06:40):
And this is where to me, the Caitlan Collins CNN
special got this huge win for Trump, but the number
one question if Caitlan Collins had truly wanted to be
an antagonist, which she did of Trump and get an
interesting answer, and this is what we said. Trump continues
to say twenty twenty was rigged, stolen election. That's his argument.
(07:04):
He's not going to come off of it. The more
interesting question to me, Buck, and this is one I'd
like to see Desantus address. This is what I'd like
to see everybody out there running for the nomination address,
including Trump. If twenty twenty was rigged, and both you
and I agree that twenty twenty was rigged. Let me
be clear about that. All the big tech companies were
rigged against Trump, All the big media were rigged against Trump.
(07:26):
They provided a profoundly dishonest media coverage of the twenty
twenty race, no doubt about that. But if you believe,
as Trump did, that there were millions of votes that
shouldn't have existed that existed for Democrats, why is twenty
twenty four different If they were willing Let's accept the
(07:48):
premise of Trump's argument. If they were willing to rig
the election to ensure that Joe Biden won in twenty twenty,
why would they not do the same thing in twenty
twenty four. In other words, my concarn with Trump's argument
about twenty twenty, Buck, is that it's ultimately not only
self defeating in the context of talking about the past,
(08:09):
it also doesn't logically follow that you can win in
twenty twenty four. If they were willing to rig the
election in twenty twenty, why wouldn't they be willing to
rig the election in twenty twenty four? And Buck, this
is a question you and I get from a lot
of the most ardent Trump supporters, And that's why I
think it's a self defeating argument, not only retrospectively looking
(08:32):
pat back on the past, but also looking towards the future,
because the logical extension of that is, if you were
such a danger in twenty twenty that they would rig
the election to keep you from winning, why wouldn't they
also do that in twenty four And I haven't ever
heard Trump answer that question in a way where I said, oh,
you know what, things have changed.
Speaker 4 (08:52):
And I wasn't paying close attention to the weather reports
on this one, but I did see on line the
back and forth, and just so everyone knows what happened
here is you had Trump was scheduled to be in
Iowa at a outdoor rally and it got called officially
(09:13):
because of tornado warnings. Ron DeSantis was not far away,
I believe from this, and was photographed seeing people shaking
hands and going going and doing what he had planned
to do.
Speaker 5 (09:27):
So this created a fight.
Speaker 4 (09:29):
Among some of the Trump and Desanta supporters online, which
neither Clay nor I weighed in on. To be clear,
We're just watching this unfold and people are saying, yes,
there was a tornado. Other people are saying, no, Trump
didn't get the numbers and knew it was going to
be a bad look on a day where DeSantis was
there and seeming to get lots of enthusiasm in Iowa,
(09:52):
so he called his own rally off to avoid those optics.
Now Trump is not you know, he says at Abstuly
not that's crap, that's unfair. But I could tell you
I've seen people on both sides of it claiming to
be Iowans who know exactly what the news was and
who knows. You know, this is just people online. But
some are saying, yes, it was for tornadoes. Some are
(10:14):
saying Trump wasn't getting the numbers.
Speaker 1 (10:17):
Well, and then DeSantis gigged him a bit by showing
up I believe at a barbecue place, ye, standing on
tables outdoors and saying, man, it's really a beautiful night tonight,
isn't it. So I'm not a meteorologist. Let's be clear here,
Nora is buck. I can't tell you what the legitimacy
was or was not of the tornado threat. But when
DeSantis rolls in to basically the same place where Trump
(10:40):
was going to have his rally, that evening, climbs up
on a picnic table and talks about what a beautiful
night it was and shakes hands with everybody around there,
with his wife Casey in tow I might.
Speaker 2 (10:51):
Add, standing up on the on the table.
Speaker 1 (10:54):
I imagine that when those images made their way back
tomorrow a lago, Trump was not happy with the fact
that DeSantis is showing up in the same community basically
where he was supposed to have his rally, talking about
what a beautiful night it was. So this is look, Iowa, Iowa, Iowa.
You know, this is the story, and then it's gonna
(11:15):
be New Hampshire, New Hampshire, New Hampshire. And overwhelmingly the
stories change in a heartbeat based on what happens in
those two states. And so as much attention as you know,
it might make sense to be talking about, Hey, a
poll came out in Georgia, and then a poll came
out in Florida, and there's a poll in Washington State
and all these different individual states. People follow the actual
(11:37):
election results, and the rubber is going to meet the
road in January. And so as crazy as it might seem,
when these guys are showing up at the Iowa State fair,
and when they're showing up at the sy Hawk game
between Iowa and Iowa State and when they are shaking
hands and kissing babies all over the place. Iowa, I believe,
(11:58):
is a fertile state for someone to challenge Trump. I
don't think Trump is super popular there. Maybe DeSantis, maybe
Vivic Ramaswami makes a surge. Remember everybody Cruise one Iowa
in twenty fifteen, if we went back in time eight
years to this date, Cruse was pulling at two percent
(12:19):
in Iowa. And then he catches fire going around, people
decide they like Ted Cruz and he beats Trump.
Speaker 2 (12:26):
And Iowa, and then I was fine.
Speaker 4 (12:28):
I was in New Hampshire for the Republican primary there.
I was up there and I remember, you know, Trump
took that one, if memory serves correctly, and so that
was where and then from then it was like he
was out in the front of the pack and nobody
caught him, and it was just it was Trump's world
and everybody was living in it. After New Hampshire, We'll
(12:49):
see how that shakes out this time around. But I'm curious,
you know, how it strikes you out there the we
we have a culture of losing on the right. How
do you take that. Do you think it's an effective
argument and let's be honest, line of attack from DeSantis,
or do you think that there's only one person who
(13:09):
can turn that culture around and his I was gonna
say his name rhymes with Trump, but no, actually his
name is just Trump.
Speaker 2 (13:16):
Then would be the way that would go.
Speaker 4 (13:18):
So we'll get to that eight hunder two eight to
two eight a two on those lines, give us a call.
Speaker 2 (13:23):
Yep, no doubt.
Speaker 1 (13:24):
Graduation ceremonies, by the way, going on all over the
country right now. I was at one over the weekend.
I bet a lot of you were high school, college,
grad school.
Speaker 2 (13:34):
And guess what.
Speaker 1 (13:35):
They had a graduation ceremony on the Hillsdale College campus
this past weekend. And guess what it also, while graduation occurred,
doesn't mean the faculty slowing down for summer. In fact,
is quite the contrary. Their latest endeavor podcast network. It's
called the Hillsdale College Podcast Network, and it will allow
you to learn even more from Hillsdale by way of
their numerous recorded conversations. You can listen to hundreds of
(13:59):
episodes on the network, from the Hillsdale Dialogues to the
Radio Free Hillsdale Hour two The Larry Arnshow, Doctor Arndt.
Of course they're esteemed president. He's a fantastic speaker himself
as well. The podcast will give you some fun conversations
also informative with Hillsdale College faculty, friends, alums, and visiting
(14:19):
speakers and authors, and like they do during the school year,
their conversations will range from philosophy to theology, history, economics, politics,
current events. All free Choose a podcast you can listen
to at clayandbuckfo Hillsdale dot com. That's Clayanbuck for Hillsdale
dot Com.
Speaker 3 (14:42):
We're going to elevate merit and achievement above identification with
certain groups, and in order to do that, we had
to look at this relatively new concept called diversity, equity
and inclusion. What this concept of DEI has been is
to attempt to impose orthodo on the university. But this
(15:02):
has basically been used as a veneer to impose an
ideological agenda, and that is wrong and in fact, if
you look at the way this has actually been implemented
across the country, DEI is better viewed as standing for discrimination,
exclusion and indoctrination, and that has no place in our
(15:24):
public institutions.
Speaker 4 (15:26):
Okay, that was Governor Roda Santez of Florida signing as
part of this really heavy in the conservative win column
legislative session in the state of Florida signing essentially an
end to any state dollars being put toward DEI diversity
(15:48):
equity inclusion training of any kind. So wokeness and CRT
and DEI in schools not only against the you know
the statute, but also defunded in essence.
Speaker 1 (16:03):
Yeah, it's big, and look, this is the reality of
the battles unfortunately that we have to fight, and we
start off the show talking about this. Really the essence
of the battle in America today is is American history
and is the founding of this country a moment of
pride and exceptionalism in all of history or not? For
(16:28):
most of our lives, the answer was yes, the founding
of America was a unique and incredibly bright spot in
all of human history. This is, in fact, in my opinion,
and I think many of yours, the greatest country in
the history of the world. Democrats don't believe that anymore,
and they are telling your kids even worse that in fact,
(16:49):
the history of America is a legacy of oppression and discrimination,
and that America, instead of representing what Ronald Reagan would
say as a bright, shining city on a hill, is
actually representative of evil incarnate in humanity.
Speaker 2 (17:07):
And that is.
Speaker 1 (17:07):
Something that you can't really take a middle of the
road process on.
Speaker 2 (17:11):
Buck. You and I talk about this all the time.
Back in the day, you could argue, Okay, hey.
Speaker 1 (17:15):
The tax rate on corporations is going to be thirty
three percent or twenty three percent, and we could battle like, hey,
what should the tax rate on corporations be. That's a
disagreement that, in the grand scheme of things, is just
a disagreement of a degree. Whether the country is good
or evil is a profoundly important debate, But there is
(17:36):
no middle ground, and that is, unfortunately the battle that
we're going to have to fight right now going forward.
I want to tell you, look, you probably got insurance,
You got car, you got home health insurance.
Speaker 2 (17:50):
What about the food you have?
Speaker 1 (17:52):
Do you have an insurance policy in the event that
you were not able to go out and buy the
food to take care of your family.
Speaker 7 (17:59):
I do.
Speaker 1 (18:00):
I've got a three month emergency food kit. It arrived
at the Travis household. It is in our pantry, one
for each of our three boys, for me and for
my wife. Two thousand calories a day, and it'll last
up to twenty five years. You don't have to worry
about wasting anything for a very long time. Every member
of your household can be taken care of. Why wouldn't
(18:21):
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through in this country. All you need to do is
go to Prepare with Clayanbuck dot com. Free shipping, unmarked
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Speaker 2 (18:33):
That's right free.
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You'll also get free survival gear in addition to the
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Clayandbuck dot com my Patriot supply.
Speaker 2 (18:51):
On the front lines of truth.
Speaker 4 (19:01):
As promised, we're now joined by Mason speeds Sexton, my dad,
who was the founder of New Paradigm Research. Last time
he was on the show was for Father's Day, but
today it's for a very different reason. We're going to
dive into his expertise. Dad spent over fifty years on
Wall Street work for Morgan Stanley and Salomon Brothers ran
(19:22):
his own firm for decades. In eighty seven, he actually
got a ton of press for calling the Black Monday
stock market crash on TV. He's also called a lot
of other important moments in the market. Today, we've invited
him on because he's going public with his first major
prediction about the market and the economy in years. But first, Dad, welcome.
(19:45):
Great to have you on the program and tell everybody
out there who's listening, like, what do they need to know.
We've got a banking crisis, we've got a commercial real
estate crisis, possibly in the near future. What's happening right now?
Speaker 8 (20:01):
Well, but first of all, it's a great honor to
be on your show and with you and Clay, and
this has been a long time coming. But with the
response to your question, this recent banking crisis, which started
out in March, as everybody probably remembers, with the demise
of Silicon Valley Bank, and then it's been followed up
(20:23):
by several other major regional bank failures. This is just
the tip of the iceberg. In my opinion, I think
we're headed for a really difficult time, not only in
banking but the economy. And the stock market, and I
think it's very important that your listeners do everything they
(20:45):
can to protect their assets and take as a defensive
position as possible, at least over the next twelve to
eighteen months.
Speaker 1 (20:55):
Mister Sexton, I appreciate you coming on with us. I've
been talking on the show and I'm curious, long time
New York City resident about the dangers of commercial real estate,
and Buck just kind of tiptoed up to it there
in his opening question for you. How bad do you
think this commercial real estate universe is going to get?
With two things conspiring. One, not as many people are
(21:16):
now going into the office, and two, due to the
massive rise in interest rates, so many of these commercial
real estate deals are going to have to be renegotiated.
And on paper they might have made sense at two
and three percent, at six and seven percent, they don't.
Speaker 2 (21:34):
How much of a mess is this going to be?
Speaker 8 (21:37):
Well, that's an excellent question, Clay, And of course it
ties directly into the banking crisis because about seventy percent
of loans to small business in this country are made
by regional banks, and their portfolios contain about twenty to
twenty five percent of these commercial real estate loans you're
(21:58):
talking about. So as you've heard probably recently, a number
of these major office buildings on the West coast, particularly
one in San Francisco that in twenty eighteen was valued
at three hundred million dollars, they're not even sure they
can get a bit for sixty million dollars. This is
right in the downtown business section of San Francisco. So
(22:22):
these impairments are just adding to the overall problem in
the banking sector. And one of the reasons that I'm
so negative on the banks and then ultimately on the economy.
What's going to happen is that by the third or
fourth quarter of this year, in my opinion, you're going
to see a really bad recession take hold, partly as
(22:43):
a result of the fact that the regional banks are
pulled back dramatically on lending too small business in this country,
and as I said, small business activity is about seventy
percent of the economy. And then this commercial loan issue
is is going to be persistent, and it's a function
(23:04):
of the what I call the new paradigm, which is
the people don't really want to go into an office
that they don't absolutely have to. They save a lot
of time, they spend more time with their family, and
they're more productive working remotely. So these are major long
term transformations that are impacting the economy and the banking
(23:26):
sector at the same time, and I think they point
to much lower prices in the stock market.
Speaker 4 (23:33):
We're speaking of Mason Sexton, my dad, a fifty year
veteran of Wall Street, founder of New Paradigm Research and dad.
To that end, I know if people go to Disruption
twenty twenty three dot com, you're going to be partnering
with this show. In the weeks I had to tell
people more about this, But what is it you're going
to be doing at New Paradigm And what will they
(23:54):
see if they sign up at Disruption twenty twenty three
dot com?
Speaker 8 (23:59):
Right, so they'll get buck basically our research for free
here initially and get a good idea of what we're producing.
It's primarily focused on four ETFs. The Spider, which is
the SMP, of course and represents the bulk of the
(24:20):
stock market, the t LT which is the bond ETF,
the long term Treasury bond government bond, then the gold
the g l d E t F, and then finally
the XL e which represents the energy market.
Speaker 4 (24:36):
Look, Dad thinks that there's a huge correction coming and
he thinks of people listening to this now could be
on the wrong side and get hurt. But he wants
to help out and he wants to just give you
insights that you need. So sign up. All you can
do is give your email at Disruption twenty twenty three
dot com and your email address there that's Disruption twenty
twenty three dot com. There'll be a full video presentation
(25:00):
coming out everything about the big predictions he's making for
this year.
Speaker 5 (25:04):
Dad.
Speaker 4 (25:05):
Thank you, we'll talk to you more about the economies
this goes along, and thanks for partnering with the show
on this.
Speaker 8 (25:10):
Yeah, it's a pleasure book. Thank you for having me.
Speaker 4 (25:13):
Well, you know, I was just talking to my dad,
So this is actually a perfect time you can talk
about legacy Box everybody, because you know, talking to my
dad today and we could just do a whole show
talking about family memories. Many recorded on video or old
school photos, right, not an iPhone. So how do you
share those things going forward? Well, the number one way
is to use legacy Box because legacy Box will transfer
(25:36):
your videotape. Super eight films, audio cassettes, print photos, you
name it. For millions of families, being able to relive
those moments from the eighties or nineties and see them
with the help of Legacy Box is a big deal.
Legacy Box, which is based in Chattanooga, Tennessee, makes this
whole process simple and safe. You ship them your tapes
and film in a specially made box that they send you,
(25:57):
and then in a few weeks time you'll get a
digital along with all the originals. Then you can sit
back and watch hours and hours of memories and easily
share them with others. It's a great service. My families
used it, Clay's family has used it, and now yours
can too, and right now, for a limited time to
get started future proofing your past, take advantage of this
great discount.
Speaker 6 (26:18):
Two.
Speaker 4 (26:18):
Just go to legacybox dot com slash buck old photos
and videos with Dad, with Grandpa, with whomever in the family,
protect them and be able to share them for future
generations with Legacy Box. Go to legacybox dot com slash
b U c.
Speaker 9 (26:33):
K Sunday Hang with Clay and Bucking a new podcast
to find it on the iHeart app or wherever you
get your podcasts.
Speaker 1 (26:50):
Finishing up the Monday edition of the program, Senator Ram Paul,
by the way, we'll be on with us tomorrow. Should
be an interesting conversation with him, given all of the
chaos and certainty going out. We'll get to a couple
of year calls, maybe to close out the show, but
I wanted to make sure we gave this audio compilation
and also video compilation that has gone viral on social media,
(27:11):
one of the big things as the COVID emergency officially
ended last week. Although I flew out to La Buck
and the number of people still wearing masks when I
go to New York or La continues to just really
saden me. And it's even worse when I see like
a three or four year old being forced to wear
(27:32):
a mask, which still is happening on airplanes or walking around.
Speaker 5 (27:35):
In air child abuse, child abuse.
Speaker 1 (27:38):
I just feel so sorry for those for those kids
because they don't know any better, and they're they're they're
truly under zero risk and their parents are continuing. But
one of the things they've tried to do is shift
the story about what exactly they told you and what
they said, and how it is overall impacting this this
(27:58):
discussion that we're still having at the three years that
we went through with COVID. And Tom Elliott put together
a great compilation that I shared on Twitter. I think
you did as well, but I wanted to make sure
that you guys heard this is just a part of it,
a part of the lies that you were told that
no one wants to take accountability for.
Speaker 10 (28:16):
Listen, it is the unvaccinated who are the problem, period,
end of story.
Speaker 2 (28:21):
The only people you can blame. This isn't shaming, this
is the truth. Maybe they should be shamed, but the unvaccinated.
Speaker 7 (28:27):
Vaccinated folks are going to start wearing masks to protect
the unvaccinated folks.
Speaker 2 (28:34):
It's called a Christian value.
Speaker 10 (28:36):
If hospitals get any more over proudate, they're going to
have to make some very tough choices about who gets
an ICU. Bet that Troy doesn't seem so tough to me.
Vaccinated person having a heart attack, yes, come right on,
and we'll take care of you. Unvaccinated guy who gobbled
horse gup rest in peace, weezy.
Speaker 4 (28:52):
Literally, the only people dying are the unvaccinated.
Speaker 8 (28:55):
And for those of you spreading this information, shame on you.
Shame on you.
Speaker 2 (28:59):
I don't know how some of you.
Speaker 4 (29:00):
Sorry, those individuals should all be forced to sit down,
look at that clip of themselves and answer for it.
I mean, if we lived in a society where anyone
in the media was expected to have the least integrity
or credibility, clips like that don't exist of you and me.
In fact, they exist of us saying the opposite, which is,
these mandates are crazy.
Speaker 5 (29:19):
This is wrong.
Speaker 4 (29:19):
They shouldn't be doing this to people. But think about this.
I mean, Jimmy Kimmel's a comedian and he's taking the
platform where he's supposed to be making you know, glorified
knock knock jokes and saying that if you won't get
the vax you deserve to die. Millions of people saw
that and probably thought, yeah, he's right, because those bad
unvaxed people. It's monstrous what they did. It's monstrous what
(29:42):
Joe Biden did.
Speaker 2 (29:43):
No doubt.
Speaker 1 (29:44):
And I saw Elon Musch tweeted this over the weekend
and said, hey, and we've talked about this certainly on
the show a lot. Remember, but for the three Donald
Trump Supreme Court appointees, the Supreme Court would have signed
on the idea that Joe Biden could mandate that eighty
four million of you had to get the COVID shot
(30:06):
to keep your jobs and buck.
Speaker 2 (30:07):
This is one of the things you know in the
world of sports.
Speaker 1 (30:11):
When you're wrong on who's going to win the Super Bowl,
you have to come on your program and own it.
It's amazing to me that predictions in.
Speaker 5 (30:21):
The world of sports people.
Speaker 1 (30:24):
Are held more accountable for those in the media than
they are for failures of public policy, which are massive.
We haven't seen a reckoning. We haven't seen consequences, no one.
I was visiting with friends from Michigan this weekend. My
wife grew up. Gretchen Whittener got reelected, even though she
(30:47):
wouldn't let you buy seeds for your garden during COVID,
even though she said, you can't take your boats out
on the lakes in Michigan, oh by the way, her
husband did. But you can't eat it in restaurants with
groups of larger than seven to eight whatever it was,
Oh by the way, she did that and got caught
in that too. All of these people who were one
(31:08):
hundred percent wrong on COVID, who got every public policy
decision incorrect, no consequences how is it that we hold
people who predict who's going to win the Super Bowl
more accountable than we do our elected officials interacting with
your constitutional freedoms. It's a fundamental failure of the media.
(31:29):
But it's also a fundamental failure you want to talk
about dangerous to democracy. If people can make awful decisions
and there are no consequences for those decisions, then what's
the point of elections at all.
Speaker 4 (31:41):
I would love to have a sit down with various
Democrats in places like Michigan and just have them explain
to me how they could feel good casting a vote
for Gretchen Witless Whitmer after what she did to her state,
all of which was wrong. But you know the problem
is for a lot of people, they want to be
told what to do. Obedience to authority. For them, they're
(32:02):
like a walking Milgrim experiment. They don't care. They were
told by the man or the woman in the white
lab coat to shock the people, so they shocked the
people because that's what they were told. Independent thought, having
the character, having the freedom of mind to know what
is true, to care what is true, just doesn't even
enter into their discussion. Kathy from New Braunfells, Texas. You've
(32:25):
been a very patient. Thanks for calling in.
Speaker 7 (32:28):
Thank you, gentlemen, Thank y'all for a great job you're doing.
I knows Russ would be proud of y'all.
Speaker 5 (32:34):
Thank you so much.
Speaker 7 (32:36):
Listen, I listened to I'm a big Trump supporter, but
I listened to Disantis's speech in Iowa.
Speaker 6 (32:43):
Oh.
Speaker 7 (32:43):
I loved everything he said, And I think once he
finally announces, I truly believe that his numbers will go
up substantially, and I think a lot of independence will
finally come over to his side. But the main point
I'd like to make is when we elect our next
Republican president, it needs to be someone who is capable
of being in office for two terms eight years.
Speaker 2 (33:07):
And we hear that a lot. But thank you for
the call, Kathy.
Speaker 1 (33:10):
We hear that from a lot now that Trump people
would say, hey, we'd like to have a Republican president
for the next twelve years, Trump for four and then
his Antis could take his turn.
Speaker 4 (33:18):
Is Kathy still with us because she had some other
thought about DeSantis there, Kathy.
Speaker 5 (33:21):
What was it?
Speaker 6 (33:23):
Oh?
Speaker 7 (33:23):
Well, I loved everything that diss Hannah said. He said,
we're in Texas and so I love it when he
talked about how quickly he got the bridges rebuilt after
the hurricane there in Florida, and then he said, and
we'll send guys to Texas and build that wall for
y'all and get it.
Speaker 4 (33:40):
Done there we go. Thank you, Thank you so much.
Kathy appreciated Paul in Duluth.
Speaker 5 (33:45):
What's going on?
Speaker 6 (33:46):
Paul? Hey, guys, you know, for everyone that's showing Annaheuser
Bush how they feel and spending their money elsewhere, I
plogged them, But Miller and Cores are laughing all the
way to the bank. If anyone spends just ten minutes
on each one of those companies websites, they'll find out
the millions of dollars a year that they fork over
(34:08):
to various Rainbow mafia and shrans, terrorist organizations, pride events,
you name it, hand over fist every year is we're
giving money away. The only thing that they haven't done
that Anhuser Busch has done is make the dumbass mistake
of putting a Dylan mulvaney type face on one of
their cans. That's it.
Speaker 1 (34:29):
Yeah, Yeah, they haven't done it yet because the ad
where they apologize for having girls in bikinis help to
sell beer. It's kind of going down that pathway.
Speaker 2 (34:38):
And this is why.
Speaker 1 (34:39):
Look, I think the bud Light boycott has been wildly
successful because the one thing I will say is it
forced for the first time Buck a company to think, wait,
we can crush our business by being too woke, because
you could up to this point say okay, where is
the company now? I think I think Disney is starting
(35:01):
to hit some body blows and we talked a little
bit about this. I think the fact that they can't
grow in the United States is partly a function that
people are getting fed up with the woke Disney universe,
but that could be a larger streaming context battle that
they're dealing with. Bud Light is the first time Buck
I can remember somebody legitimately getting knocked out in the
(35:21):
ring by being too woke.
Speaker 4 (35:24):
How is the Little Mermaid remake doing with a the black.
Speaker 5 (35:30):
Uh not out?
Speaker 2 (35:31):
Mermaid comes out this weekend. I believe, Oh it's.
Speaker 5 (35:34):
It's coming out.
Speaker 2 (35:35):
I was gonna say that one week.
Speaker 4 (35:36):
I'm wondering how those numbers are in that one. And
then and then there's also the the controversy around the
Netflix with a black Cleopatra. Yes, a historical figure who
may be a surprise to Netflix maybe not. Was definitely
not black.
Speaker 1 (35:53):
Yeah, and Egyptian people are super fired up about this
idea and and to your point, Buck, but.
Speaker 5 (35:59):
She wasn't Arab.
Speaker 4 (36:00):
She was Greek, effectively by ethnicity because of the way
the ancient Mediterranean was colonized. But anyway, No, you're right,
and it's turned into a huge story that's a Netflix documentary.
I also, look, I'm a big I've got kids. We
go to a lot of movies.
Speaker 1 (36:15):
I'd never really bought into understanding why making an animated
movie over as a non animated movie is something that
I really want to go see, right, Like The Little Mermaid?
Speaker 2 (36:28):
Okay, great movie.
Speaker 1 (36:29):
Back in the early nineties, I went and watched Aladdin
with Will Smith as the Genie, and it was fine.
Whatever I took my kids wasn't like I was like, Oh,
I've got to go see the live action version of
the Latin just FYI.
Speaker 2 (36:41):
I was there.
Speaker 1 (36:41):
I bought it first day, solo, sitting in the front seat. No,
I don't understand why people, if you like The Little Mermaid,
put on the animated film. Are there tons of people
who are like I need a real life Little Mermaids.
Speaker 2 (36:53):
We're in the truth zone right now.
Speaker 5 (36:55):
Did you go see Shazam back in the day.
Speaker 2 (36:59):
Oh yeah, it was pretty good. Actually, now, Juzanna was pretty.
Speaker 5 (37:02):
Good, he said.
Speaker 9 (37:05):
Lay Travis and Buck Sexton on the front lines of truth.
The Clay Travis and Buck Sexton Show News
Hosts And Creators
Clay Travis
Buck Sexton
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