August 5, 2024 • 46 mins
The stock market engaged in a major sell-off, in what many are dubbing as Black Monday. Why did it happen, what happens next and what does it mean for your wallet? Jesse Kelly gives a full breakdown and gets analysis from former investment banker Carol Roth. This comes as Kamala Harris is set to announce her VP pick at any moment. Sean Spicer joins the show with an update on that. Plus, a discussion about the Woke Olympics with Megan Basham of The Daily Wire.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Well, the stock market's down, dome is down for a VP.
Speaker 2 (00:06):
We'll talk about that tonight.
Speaker 1 (00:07):
We're gonna talk about patriotism being the essential element for
a country. All that, Sean Spicer and more coming up next. Okay,
the stock market, the financial system Japan US my four
(00:29):
oh one k you woke up this morning, you looked
at your phone and you started weeping.
Speaker 2 (00:32):
Okay, okay, I want you to understand a couple of things.
Speaker 1 (00:35):
First. We're gonna get to Carol Roth in just a
couple of minutes, our financial expert, and she's gonna break
down for us what happened is at the end of
the world.
Speaker 2 (00:45):
Is this a blip on the radar?
Speaker 1 (00:47):
Is this just if you're looking for the details and
the technical stuff. We will get to that in just
a couple of minutes. I want to hit on something
different first though. It's different, but it's not different. And
this is why this is going to be a zoom out.
You know how we love to zoom out on the show.
Don't focus on one individual story, one scandal, one headline
(01:08):
of the day. Zoom out, take a thirty thousand foot view,
look down at it so we can understand what we're
seeing and why we're seeing it. So not only will
it help us understand this story today, it'll help us
understand tomorrow whatever the new scandal was going to be,
and the next day and ten years from now. If
we learn about the how and the why, then we
(01:28):
understand things so much more. So allow me to do this.
We're going to talk for a moment about patriotism and
that will come back to the markets. Believe me, this
is coming back to the markets. It doesn't sound like
it will, but it will. So just just stay with
me here. So yesterday I was in the kitchen and
(01:49):
we have one of the drawers where we keep our
trash can and the kitchen wife doesn't want it out
and smells or something like that. So I see my son,
one of my sons, open up the drawer and I
got a empty wrapper of some kind, always eating, and
I see him look and I see him just kind
of jam it in there and then try to close it.
And I said, oh do And I walked over there
(02:12):
and I look and trash can is overflowing, and I said, son,
what are you doing? What do you think you should
do right now? He said, take it out, that's right,
take it out. Why should you take it out? He said,
because I'm responsible and because I care enough about our
(02:33):
house to take the trash out. That's a true story.
So what's going on in the country. Let's talk about patriotism,
shall we. Patriotism is one of those things people don't
really fully understand.
Speaker 2 (02:47):
If you're on the.
Speaker 1 (02:48):
Left or you're part of Republican leadership, it's something you
kind of sneer.
Speaker 2 (02:52):
At, roll your eyes at. Well, here we go Overka.
That's on the left.
Speaker 1 (02:58):
If you're on the right, not you personally, but if
you're one of the norms, the normis I'm surrounded by
these people.
Speaker 2 (03:03):
What is patriotism to them?
Speaker 1 (03:05):
Well? Putting on an American flag hat on July fourth,
of course, and I'm a patriot. I love guns and
that okay, I love American flag hats.
Speaker 2 (03:15):
I own one myself.
Speaker 1 (03:16):
I certainly love guns, but that that's not patriotism. Patriotism
is love of country, genuine appreciation of country, a feeling
that you me that were blessed to be here. And
when you feel like that, you automatically, when you feel
(03:38):
that kind of love, that kind of appreciation, do you
automatically feel a sense of duty to that nation, an
obligation to that nation. You look at the trash and
you automatically take it out because you love it.
Speaker 2 (03:54):
Here.
Speaker 1 (03:55):
I love this house. It's a roof over my head,
it's air conditioning, there's food in the pantry, and there's
something that needs to be fixed.
Speaker 2 (04:02):
I will fix it.
Speaker 1 (04:03):
You look at your country in the exact same way.
The problem we have and this is not unique to America,
this is all across the West. We have a patriotism
problem in the United States of America, not just at
the bottom, at the highest levels of the government, the bureaucracy,
corporate leaders. And that explains so much of why we
(04:27):
are where we are. You see, when you wake up
and you're the president, you're a senator, you're a member
of the House, you're a CEO of Facebook, you're a Whoever,
when you wake up and you don't feel even the
tiniest obligation or duty to your country, to your fellow
(04:47):
American citizen, then what it does is it gives you
a license to do whatever you want to do. You
become completely beholden to your own selfish desires because you're
not part of something bigger, You're not part of a
country that you should serve and protect and love, and
America just becomes a bank fault to you. If you
(05:12):
want to understand why the evil people who lead us
do the things they do, Democrat and Republican, why do
they do it? Because they don't love the country, not
like you do. They don't even most of them never
even think about the country. They look at America as
(05:32):
a bank vault. That's it. You the annoying citizen, caring
about your rights and prices. You're an inconvenience. They keep
you around though, because you're a tax farm. That's how
they look at you. They don't look at your suffering.
You're sitting there, you can't afford groceries, you just move
back in with your parents. You're suffering, your daughter was
(05:55):
just raped by any illegal and they don't look at
you and feel any amount of sorrow or sympathy whatsoever.
Those things only would will up inside of patriots. You
are a tax form. You're a battery that powers the system,
and that's why they do everything that they do. Why
in the world would you flood a nation with tens
(06:18):
of millions of barbarians.
Speaker 2 (06:20):
From all over the planet.
Speaker 1 (06:22):
You wake up every single day you have a news
article about American girl raped, American family killed in a dui,
American jobs ruined, American schools, overrun, American hospitals, overrun costs
going through the roof. And if you're one of the
politicians Democrat and Republican who are doing that on purpose,
if you had any sense of patriotism or obligation, any
(06:46):
sense of duty for your country, you would look at
that and you would be mortified, and you would say,
close the border and stop this, and we have to
care for American citizens first. But if you don't feel that, well,
open up the gates, bring them all in. It's cheap labor, baby,
cheap labor, easier votes. These people crossing the border aren't
(07:09):
worried about their Second Amendment rights. That's you, annoying citizen.
You're so annoying. They're just going to bring in someone
to replace you. Why would they do that because they
don't love the country. Why do they pass trillion dollar bills?
You know, you've probably heard me, if you've if you've
watched the show for any length of time, I will
ask House members and senators when they come on the show.
(07:31):
I will oftentimes ask them when it comes to spending.
Speaker 2 (07:35):
You don't.
Speaker 1 (07:36):
Don't your colleagues understand that they are destroying the value
of the dollar and destroying future generations. Don't they understand?
I always ask them, don't they understand? Don't they understand?
And almost universally they respond they understand.
Speaker 2 (07:54):
They don't care.
Speaker 1 (07:56):
Every single time Democrats and Republicans get together and pass
another trillion dollar bill, well, they weaken the value of
your dollar. They weaken the future of your children and
your grandchildren. And they know it. They know it every
single time.
Speaker 2 (08:15):
They know it.
Speaker 1 (08:18):
They don't care. This is just the bank vault. Of course,
your children, your way of life, being able to own
a home, find a good job, afford groceries, those are
just thoughts of the peasants. The people who rule the
West don't care about the peasants anymore. They just care
about looting the country. Why do we have these huge
(08:41):
stock market problems, real estate problems, commercial residential why do
we have an open border? Why do we have all
these things because the people who run the United States
of America don't care about it at all. And I've
got some really, really, really bad news for you. Before
we get to Carol Roth, She's going to give us
actually some hopeful news as well, So I'm not going
(09:03):
to finish on that. But just no, I've got some
worse news for you. Whatever they do to solve the
coming economic problems, whether these problems are tomorrow, next year,
ten years, so now, whatever they do will make the
problem worse. Whatever they do, it will be terrible for
(09:24):
you and good for them. They will spend money and
hand it out to their friends while you suffer. They
will split up in piecemeal all these small banks and
hand them out to their large bank friends. You see,
the evil people who run the United States of America
can't ever, ever, ever come up with a patriotic solution,
(09:47):
a solution that is good for the people to any problem.
It doesn't matter what the problem is. They can't ever
come up with it because they're not patriots. Patriotism, what's
good for you, what's good for the country never even
enters these people's minds. You know, we talk about them
(10:08):
hating the country, and oftentimes they do. Oftentimes that's very,
very true.
Speaker 2 (10:12):
You know, you get.
Speaker 1 (10:12):
Somebody like Rashida Talib, she really just hates America. Set
it a whole country on fire if she could. But
the real sad truth is most of the people who
lead the West, they don't care about it at all.
Remember when Democrats passed the Inflation Reduction Act, a trillion
(10:36):
dollar bill that didn't do anything to touch inflation, and
hand it out a trillion dollars to their political allies,
and then they called it the Inflation Reduction Act right
to your face.
Speaker 2 (10:49):
Remember Mitch McConnell.
Speaker 1 (10:51):
After that GOP took back the House in the midterms.
There was that little window of time, that two month
period of time where it's called a lane Congress, and
you generally don't pass anything during that time. It's considered
kind of something you don't do. And Mitch McConnell got
with Democrats to pass a trillion dollars omnibus bill on
(11:11):
big hand out to these people, these people, all the
friends of the government, all while you couldn't afford eggs.
Speaker 2 (11:19):
The truth is we are led.
Speaker 1 (11:20):
By evil, evil men, and they hate the country. And
until we fix that, whatever scandal comes today, tomorrow, the
next day, it won't matter. We can't save this place
without patriotism. That might have made you uncomfortable, but I
am right. Carol Roth is going to join us next
(11:42):
to talk about that. Speaking of patriotism, you know, there
are companies that hate this country quite openly.
Speaker 2 (11:51):
Actually, to their credit, they don't really hide it anymore.
And then there are companies that love this country.
Speaker 1 (11:58):
You know, had a chance this last week to sit
down and spend some time with pure Talk. You have
any idea how much their CEO loves this country. Vietnam veteran.
Have you ever talked to a Vietnam veteran. They're a
different breed. They love this country. They do something really
no one else does.
Speaker 2 (12:15):
Now. They even hire Americans.
Speaker 1 (12:18):
When you get a hold of someone at pure talk,
you speak to an American who speaks English. Get rid
of Horizon, get rid of AT and T Team Bobule.
Stop paying the people who are destroying the West. Stop
paying them to do it. Go to pure talk dot com,
slash Jesse TV.
Speaker 2 (12:36):
All right, we'll be back.
Speaker 3 (12:52):
Sure your commy.
Speaker 1 (12:56):
Environment now if you ever small things.
Speaker 2 (13:02):
That aged well joining me now.
Speaker 1 (13:05):
I'm sad to say, even though I love her.
Speaker 2 (13:07):
Carol Roth. She's the author of.
Speaker 1 (13:09):
Many books, but one you might want to pick up
pretty quickly. Here you will own nothing, Carol. Okay, we
all woke up today. Everyone made the horrific mistake of
logging into their four oh one k if they were
allowed to do so, and started crying. I don't understand
what's happening. I don't understand why it started in Japan.
(13:30):
I don't just pretend like I know nothing about the economy, Carol,
what happened today? All right?
Speaker 4 (13:36):
I'm enough to dig deep to pretend you know nothing, Jesse,
but I'm going to do my best here.
Speaker 5 (13:41):
All right.
Speaker 4 (13:42):
So basically this has been going on. Honestly, for a
few weeks. We had Marcus that were just soaring to crazy,
crazy highs, and that was led by a group of
seven stocks, the Magnificent seven tech stocks. And I think
that one day investors woke up and not only realized
that they were over value, but that in order for
(14:04):
all of the AI hype that has been pushing up
these stocks to come to fruition that businesses were going
to have to spend a ton of capital to make
that come true. And so there was a bit of
a repricing. More than a bit of a repricing. We
wiped down trillions of dollars of value Magnificent Magnificent seven
over the past week has lost about a trillion dollars
in value, so that to kind of kick things off.
(14:25):
Then middle of last week you had Jerome Powell come out.
Speaker 5 (14:29):
You know, the investors were hoping to hear that maybe
we're going to get a.
Speaker 4 (14:33):
Rate cut even though it wasn't expected, which we did
not get, and the table has been set a little
bit for September. But then what happened on Friday is
we got a really ugly jobs report and it triggered
a recession indicator, which again may or may not be
a thing. We've had an inverted Yeel curve for multiple years,
but all of a sudden, now the market feels like, oh,
(14:56):
the Fed maybe behind the curve.
Speaker 5 (14:58):
We're not going to get this expected stopped landing.
Speaker 4 (15:01):
You know, things are going sideways, and we ended up
with an ugly day in the market.
Speaker 5 (15:06):
So that's what's happening in the US.
Speaker 4 (15:08):
All these things on the US side, Oh, by the way,
on top of it, you know, fears of potential World
War three and you know, unrest in the Middle East.
So you have that going on in the US at
the same time last week in Japan you had sort
of a different dynamic going on. Japan has had negative
to zero interest rates for almost seventeen years, and four
(15:32):
months ago they finally decided to do this tiny little
rais and they again on Wednesday, decided they were going
to raise again. The yen was weak against the dollar.
It was making their imports, their food, they're oil, more expensive.
But they didn't really thread the needle very well. The
yen got very strong, and all of a sudden, that
(15:53):
kicked off what is calling the Japan reverse Japan carried
trade and basically the very simple terms, people have been
borrowing in Japan because they've had zero negative interest rates
at these very low rates.
Speaker 5 (16:07):
We've heard the story before.
Speaker 4 (16:09):
They've plowed that money into things like the end like
stocks whatever, shortening the end buying stocks, you know, perhaps
some of.
Speaker 5 (16:17):
The tech stocks we have. As these things.
Speaker 4 (16:20):
Changed dynamics, as the strengthened in price, as some of
these tech stocks decreased in value, all of a sudden,
what happens. You get margin calls. Oh no, we have
to pan excel things. And then once that happens, that
kicks off another layer of margin calls and the selling
begins set selling, and then all of a sudden, you
had Japan's stock market down twelve almost twelve and a
(16:43):
half percent in their first day of trading of the
week are overnight last night, which was the second worst
day on records since nineteen eighty seven. So the concern
was that we're going to wake up this morning and
there was going to be this massive contagion, and certainly
was some. But the good news, if I can give
you any good news, because there's a little bit of
(17:05):
a silver lining to things here, one is that the
amount that we opened down in the stock market, we've
recovered some of that, not all of that, but you know,
we've bounced back a little bit, which is a positive thing.
Speaker 5 (17:18):
And then on top of it, we're also up massively
for the year.
Speaker 4 (17:23):
I mean, even with the pullback in technology, the Nasdaq
is still over the last fifty two weeks up about
thirty percent, the S and P five hundred up around
twenty seven percent. So, yes, it is an ugly day,
and we never like to see these big down days
in these contagions, but it isn't, you know, the big
(17:43):
blood bath that I think everybody expected that it might
be and was worried that it might be. And I
don't think, and I hope I'm right that this is
the undoing of everything. I think that this is going
to take a little while to unwind, and this this
isn't it yet. Not to say that there will be
in it yet, but this isn't it yet. So hopefully
that gave some clarity.
Speaker 1 (18:03):
Jesse, Okay, it did, and it gave some hope. Could
you maybe indicate for us why things stabilized a little bit.
We were all crying on our cheerios this morning, and
obviously it still hurts. I'm not being dismissive about somebody
losing one hundred thousand dollars from their retirement account. But
it didn't continue free falling all day.
Speaker 2 (18:25):
Why what happened?
Speaker 4 (18:26):
Well, I think I think a lot of these sophisticated
investors understood that more of the catalyst wasn't the recession fears.
More of it was this liquidity issue coming out of Japan.
And when you have something that is, you know, because
of market dynamics and not necessarily related to the values
or fundamentals of companies. Not to say that there aren't
(18:49):
issues there, but that's not necessarily the full extent of
what triggered this. That there are some people who probably
saw this as buying opportunities that when their favorite stocks
that they've been.
Speaker 5 (18:59):
Watching came down, that they were able to get in.
Speaker 4 (19:02):
So there was enough interest in support in terms of buying,
you know, whether it was the market in disease overall
or certain stocks that they were able to absorb some
of that extra selling pressure that we were seeing coming
in as a contagion.
Speaker 1 (19:17):
Carol, I have to nerd out on details, but you know,
sometimes I get hung up on little things. Could you
elaborate for the stupid among us? What the Magnificent seven is?
These tech companies you brought You brought that up earlier.
Speaker 2 (19:29):
What is this?
Speaker 4 (19:31):
So these are like the seven biggest tech companies in
the world.
Speaker 5 (19:35):
They're all the names that you know.
Speaker 4 (19:37):
It's Apple, it's Amazon, it's Google, it's Meta formerly known
as Facebook, it is Microsoft, it is who am I
forgetting here?
Speaker 5 (19:48):
In Nvidia and Tesla.
Speaker 4 (19:50):
So these are these huge tech companies that have absorbed,
you know, lots and lots of capital, many of them
on the backs of the idea that AI is going
to be this huge, you know, productivity revolution, and that
these companies are going to have an outside benefit and
it's going to shape the economy, and so all kinds
of money has gone into these companies, and that is
(20:12):
really what has been carrying the market up. You know,
we haven't seen as much of a broad based increase
in the market as I would like, you know, kind
of spread out amongst stocks. It's been very heavily concentrated
in these stocks, which if you're investing in the indices,
you're getting.
Speaker 5 (20:28):
Exposure to as well.
Speaker 4 (20:30):
So that has been bringing up you know, the S
and P five hundred and the NASDAK and the like.
So that's they've gone up, but they've also, as I
said in recent weeks here lost some of that value,
given some of that back. And again I don't think
it's necessarily because any one of these companies is a
(20:51):
huge concern.
Speaker 5 (20:52):
I think it's more because.
Speaker 4 (20:53):
The evaluations and the exuberants got ahead of themselves.
Speaker 1 (20:59):
Okay, let's just touch briefly on this before I let
you go war and I realized this may be a
longer answer, and if so, that's fine. Obviously we all
can see what's happening. Iran maybe bombing Israel. It's a
big old mess over there. Russia's getting involved. We have
a carrier group over there. It's getting spicy we hope
Lord Billing nothing happens, but it certainly might. So set
(21:21):
aside the death and the carnage and the misery and
things like that, and let's just talk about money for
a moment.
Speaker 2 (21:26):
What does this do to markets?
Speaker 1 (21:27):
If I wake up tomorrow morning and God forbid, tel
Aviv is on fire, do I need to be withdrawing
all the money from the market?
Speaker 2 (21:34):
What does this mean for markets? War So, in.
Speaker 4 (21:37):
General, I always think it's a bad idea to withdraw
money based on a panic in the market. You should
have a very good plan with your financial advisor on
capital not only appreciation, but preservation and what to do.
And usually those days of panic are where the retail
investors really get hurt because they don't get back in
(21:58):
the market when it goes back up again at the
right point in time, and so they lose a lot
of capital appreciation or preservation potential. So it's not the
kind of thing to panic about, but is something that
you should be talking to your financial advisor about to
make sure that you've got the appropriate hedges in place
and you've got a balance portfolio.
Speaker 5 (22:16):
It's you know, it's a good question. What happens.
Speaker 4 (22:19):
I guess It depends on how bad the you know,
the attacks are. Is this really war? Is this something
that's more self contained? You know, if you look at
the price of oil today, Jesse, you know, even though
we're seeing Iran saying that it's going to attack Israel,
we're still seeing oil down because there's more of a
(22:40):
concern about recession fears right now than there is that
this is something that is going to escalate today now that.
Speaker 5 (22:46):
Can go ahead and change.
Speaker 4 (22:48):
Certainly, we've seen companies like Lockheed Martin's stock go up
significantly in past weeks and months in anticipation.
Speaker 5 (22:57):
So there will be the companies, I.
Speaker 4 (22:58):
Hate to say it, that benefit from it, and there
will be the companies that don't.
Speaker 5 (23:03):
You know, it's not a good thing.
Speaker 4 (23:05):
It's something that we don't want to involve ourselves in,
not only from the human banitarian reasons, but from an
economic standpoint. That being said, and I've said this to
you many times before, you know, we are on this
precipice of a changing financial world order. And while all
wars do not lead to a changing financial world order,
every change in a financial world order has been preceded
(23:27):
by what.
Speaker 1 (23:28):
Jesse, war, what a shock The defense contractors are doing okay,
and you've never.
Speaker 2 (23:35):
Seen that before.
Speaker 1 (23:36):
Carol, you are the best.
Speaker 2 (23:38):
Thank you so much. I appreciate it.
Speaker 1 (23:39):
You might want to go pick up her book, You
Will Own Nothing, learn a lot about who's actually running
the economy.
Speaker 2 (23:45):
The world, what they want for you, for me.
Speaker 1 (23:48):
We talked about this a little bit in the open
worth picking up. All right, So let's shift gears on
off all this dark economic news and patriotism in America.
Let's talk about the VP dome. Dome's supposed to roll
out her VP pick tomorrow. Is it gonna be Shapiro?
Sure looks like it's gonna be Shapiro. Seawn Spice is
(24:08):
gonna analyze all that force in just the moment before
Sean does that, I'm gonna analyze something for you, your sleep,
more specifically, what you take to sleep. Everyone has a
thing when they don't feel like they're gonna sleep. I
hope you don't take something every day, but when they
don't feel like they're gonna sleep, a thing they take. Listen,
(24:32):
there are a bunch of things that can help you sleep,
a bunch of things that will put you to sleep.
I have found exactly one thing in my entire life
that I can take to sleep and I will feel
amazing when I wake up. And that is dream powder
from being It's all natural melotone and things like that.
(24:52):
It's hot chocolate, really the mind's cinnamon chocolate. I warm
up a glass of milk, mix it up. It's delicious
cup of hot chocolate. I just sit there, read the book,
watch TV, sipping on it, and I'll drift off to sleep. Okay, good.
But when I wake up, I don't feel groggy. I
don't feel half dead. I don't feel like my body
weighs five hundred pounds. I feel amazing. That is the difference.
(25:15):
What off Shopbeam dot com slash.
Speaker 2 (25:20):
Jesse Kelly, we'll be back.
Speaker 1 (25:31):
VP. It's weird that Dome picking her VP is almost
like a tenth tier issue. Today there's World War three,
the markets are crashing. But Kamala Harris, who really worked
hard to earn that nomination, is now going to make
her selection. And who are they going to pick? And why?
And remember, they don't think the way we think. They
(25:52):
don't think the way you think, They don't think the
way I think.
Speaker 2 (25:55):
Is it? Mark Kelly?
Speaker 1 (25:56):
Is it gonna be this loser in Minnesota walls. Is
it gonna be shippee? I don't know.
Speaker 2 (26:01):
Let's ask Sean joining me now.
Speaker 1 (26:03):
My friend Shawn Spicer, host of The Sewn Spicer Show.
He always has all the good inside juice on all
this stuff. Okay, Sean, I understand everybody and their brother
thinks it's Shapiro, and if I had to bet, I
would bet it's Shapiro. But let's be honest, Shapiro's jewition.
That doesn't land that well in the Democrat Party anymore.
It's weird how times have changed. But who's it going
(26:24):
to be and why?
Speaker 6 (26:26):
I still think Shapiro makes the most sense. If I
could take nineteen electoral votes and get a better chance
of getting them, that would make my life a lot
easier if I were her. I think electorally he makes
the best sense. I talked to a couple of Democrats
about what you were just saying, I mean, like big
time player Democrats, and they said to me, in response
(26:49):
to this accusation about anti Semitism, which is unbelievably running
high in the Democratic Party, they said, where are they
going to go? And I guess in a way that
that's I get why they're thinking that way. I find
it ironic that a party that loves to throw arrows
the way they do has such an open problem with
(27:10):
anti Semitism in their ranks. And I also think it's
sad to see a guy like Josh Shapiro, who is
very proud clearly of his religion, backpad Ale the way
he is he's embarrassed, which continues to show that not
just Kamba Harris, but potentially Shapiro, it's they stand for
(27:31):
whatever they need to stand for at the moment. Josh
Shapiro should be very proud of his religion and saying,
you know, I'm a proud to you, I'm proud of
Israel and its role in the Middle East. And yet
here he is apologizing for standing firm on Israel and
and and afraid of the work that he did in college.
Speaker 2 (27:52):
I did a lot of things in college.
Speaker 6 (27:54):
I'm not proud of, but standing up for Israel is
not one of them that I would be embarrassed about.
And anyway, I just it's now, I mean, it might
as well be him, because they're literally both seem to
be willing to say or do whatever it takes to
whomever they're talking to.
Speaker 1 (28:11):
Okay, Sean, let me dig into this a little bit
deeper with you, because I am curious how big of
a problem this, you know, hamas lover base of theirs,
actually is because there's so much Look, it's an overused phrase,
but there's so much gaslighting today. There are so many
paid organizations, paid protesters, paid this paid dad, you know.
(28:32):
And I never know whether I'm seeing the same thousand
faces on the news every night, one at Columbia and
they fly to Berkeley and do it the next day,
or if they have a legitimate, you know, two hundred
and five hundred thousand person problem.
Speaker 2 (28:43):
Who hates Jews?
Speaker 1 (28:45):
Your Democrat friends, how big of a problem do they.
Speaker 2 (28:48):
Think this is.
Speaker 6 (28:50):
It's an interesting question you're asking, Jesse, because they all
acknowledge it's a problem. But their answer is, well, when
it comes to voting, they're not going to vote for Trump.
My my concern if I were them, would be that's fine,
But there's also a third option we have, which is
not to vote. And in a state like Michigan that
was won by ten thousand, seven hundred and three votes
in twenty sixteen, I would be very concerned about those
(29:14):
sixteen electoral votes. If I were them, they seem to
have it in their mind. Where By the way, that's
the reason we bring that up is there's a very
large population of Arab Americans there. I would think it's
a problem.
Speaker 1 (29:27):
I also think that we're overlooking young people.
Speaker 6 (29:30):
So you look at a state like Wisconsin, where you've
got Madison, huge, huge population of college students that tend
to vote Democrat.
Speaker 5 (29:37):
If they're disillusioned, if.
Speaker 6 (29:39):
They really are rallying around this thing, then that's a problem.
And remember again, Madison, Wisconsin was won by two tenths
of a point last cycle. So these are margins that
you're playing on the edge of in both campaigns. And
if I was Harris, I think that they have to
factor it in. All that being said, I would rather
(30:02):
take Shapiro's and hope that he can get me Pennsylvania.
No one else wal I mean, Waltz gets you Minnesota.
I get it was in play with Biden. I don't
think it's really that in play anymore. Mark Kelly, I
don't think it gets you Arizona. I think Trump still
wins Arizona. And so all that being said, and this
is the first time in my lifetime that would ever
(30:23):
argue that you're actually using a VP to get you
something right. Most vps are additive in the sense that
they they you know, penns helped with the evangelicals, but
they the voters weren't going to go anywhere else. It
reinforces something that the candidate needs to have reinforced. Quail
added youth to Bush, but it wasn't like they were
(30:43):
going anywhere. Biden added foreign policy to the newly senator
from Illinois Obama. So, but I think in this case,
if Josh Shapiro can legitimately put Pennsylvania in play, there
is a political reason to put him on the ticket.
That being said, the other thing is apparently they're the
only two that have any Kamala Harris and Josh Shapiro
(31:05):
are the only two of the finalists that have any
kind of personal previous relationship.
Speaker 1 (31:13):
She's okay, Now, let's talk about Kamala for a moment.
She's had a bounce in the polls, There's no question
about it. Every poll is different. She's up to she's
down three, but she's not down like Joe Biden was down.
That at least has been fairly consistent across all of them. Now,
what are we seeing here, Sean. Is this just the
(31:35):
all out propaganda push from the Democrats and their friends
in the media that does work, It can effectively bring
you up for a time. Is this the honeymoon phase
that's about to end? Or are we looking at it
yet another one to two percent presidential race.
Speaker 2 (31:48):
What's your instinct on this?
Speaker 1 (31:51):
Well, two things.
Speaker 6 (31:51):
First of all, like if this pen was the one
thing that you didn't like about Democrats and I put
the pen over here in a way, I mean, that's
what Kamala Harris effectively did when they got rid of Biden.
They pushed him out of the way. They took away
the biggest impediment to Democrats and independents who had problems
voting for them.
Speaker 2 (32:09):
They got rid of it.
Speaker 6 (32:10):
So she defaults to being the Democrat that they can
live with. They don't like her, but she's just not Biden.
Now she got a sugar high again. You replace the
one impediment that you have with anything else. People go,
oh cool, okay, good, so she's riding a sugar high.
But look, you talked about this just a second ago.
Look around the world today looked domestically today, and you
(32:34):
realize the Biden Harris policies are a problem. The number
one issue that voters care about it is the economy.
What happened today scares people. It scares people who are
working today, who have savings, who are hoping retired, scares
retirees who are living on a four oh one k
or an ira.
Speaker 1 (32:52):
People are genuinely concerned today.
Speaker 6 (32:54):
About the state of the world, whether or not we're
on the precipice of a world war, whether or not
what's going on in the Middle East bleeds into us
to some other way, the economic implications of this market cratering.
And that's because of these policies on both sides. And
the one thing that Trump can say that neither one
(33:14):
of them can say is you may not like me,
you may not like some of the things that I've
said or done, But for four years this country was
safer and more prosperous under me than it is for them.
There might have been chaos in my White House, but
the world was safe and calm. They might have a
boring White House, but the world has turned into a
(33:36):
chaotic nightmare under their watch. That is an unbelievably succinct
argument that they can make based on their record. It's
not promises. It's not hypothetical. I will promise you I
will do this, I will appoint this. Trump can literally
point at his record and say, for four years I
(33:58):
did the job. The world was safer, the country was
more prosperous, the country was safer under my leadership. Do
you want more of that or more of the nuttiness
that's going on now?
Speaker 1 (34:11):
No doubt, John, Thank you, my friend. Go Do you
want that kind of wisdom every day? Go watch Sean Spicer.
I do.
Speaker 2 (34:17):
That's how I get smarter. All right?
Speaker 1 (34:22):
The churches, the Olympics going all full demon but all
that other stuff. What are my thoughts on it? Well,
we're going to talk to Megan Basham about that next.
You've heard me talk to you many, many, many times
(34:42):
about America's Christian Church, about the failings of America's Christian Church.
The apathy of Christians in this country is something that
makes my head explode. And the pathetic weakness and oftentimes
open corruption of America's pastors, elders, leaders, It is a
long way to.
Speaker 2 (35:01):
Gutting this country.
Speaker 1 (35:02):
And I'm really really glad Megan wrote the books she
wrote joining me now reporter for The Daily Wire and
author of the book Shepherds for Sale. Megan Basham, Megan,
you wrote the book on this. This is something I
rant about so often. There is so much poison coming
from the pulpit today and it freaking steems me.
Speaker 3 (35:23):
Well, yeah, obviously, Las it upset me as well, and
it's part of why I started researching it and investigating
what was going on. And a big part of what
I found was that, yes, some of it is organic.
You have some pastors who are simply falling prey to
fear of.
Speaker 5 (35:40):
Man, as scripture calls it.
Speaker 3 (35:42):
They want to align with the culture, they don't want
to be distinct. But you also have a lot of
this being orchestrated. So you have left wing foundations funded
by billionaires like George Soros deliberately setting up evangelical front
groups and making use of the evangelical leaders to create
(36:02):
AstroTurf campaigns to try to co opt that all important
to evangelical vote. And you know, for your voter or
for your viewers who may not be aware, they need
to know why all conservatives, all Americans, all patriots need
to care about what goes on with evangelicals because they
are thirty percent of the American electorate, and even left
(36:23):
wing media outlets like The Atlantic call them America's most
powerful voting block. They were the people who put Donald
Trump in office. They are the people who have been
holding back the leftist agenda on issues like anti human
climate change policies, on open borders policies when it comes
(36:43):
to immigration, and so it's very important what's going on
with them, and that is why so much of this
leftist effort has gone into co opting their institutions and
their churches so that that influence will trickle down.
Speaker 1 (36:58):
It is interesting how often and this stuff is flat
out nefarious and not just some do good or weeni
pastor in his skiddy jeans who doesn't understand how to
protect the nation or protect his flock. But actually, I
want to talk to you about that guy for a moment.
We'll come back to this Soros thing. My pastor actually
gave us a sermon a couple of weeks ago, and
he couldn't megan, he couldn't help himself. He had to
talk about how we're called to be kind to the immigrants.
(37:21):
Of course, just completely freaking moths that he's a wonderful
human being, and of course we're supposed to be kind
to everyone, but doesn't realize he got co opted. The
dirty Communists co opted his faith, his belief in kindness
and love, and they co opted him. And there he
is up up with the pulpit, running his stupid mouth
about things he knows nothing about. How often does this
(37:42):
happen to pastors where they just kind of get used?
Speaker 3 (37:46):
This happens so often, Jesse and I spend a very
long chapter detailing the very issue of immigration that you
just brought up. So what you will see these AstroTurf organizations,
these left wing funded evangelical organizations do, is they'll create
a general statement of principle, something like what your pastor
said that we all agree with. Yes, of course we
(38:07):
should be kind to immigrants, regardless of how they got came.
Speaker 5 (38:11):
To be in our country.
Speaker 3 (38:11):
Yes we should share Jesus with them, regardless of whether
or not they are legal or illegal. But what they
do is then take that general statement of principle and
they use it to approach GOP lawmakers and say, look,
your evangelical constituents, the most important constituents, the people who
put you in office, want you to back Senator James
(38:33):
Langfort's border bill that allows up to five thousand illegal
immigrants into the country every day.
Speaker 1 (38:39):
And the important thing to know.
Speaker 5 (38:40):
About that when they say things like we want to
be kind to.
Speaker 3 (38:43):
The immigrant, that is absolutely true, but we also want
to be kind to the citizen. And allowing this kind
of chaos is not loving our neighbor. It's not loving
the people who live in our communities. It's actually very hateful.
It's not just a question of crime and drug and
sex trap. It's also a question of the job loss
(39:03):
that they're experiencing, the housing prices that the next generation
is experiencing, that's classing them out of the American dream.
So all of this is not kind, and we need
to talk about that as well.
Speaker 2 (39:15):
Oh it's a fact.
Speaker 1 (39:15):
There's nothing Christian about bringing barbarians in to rape your
women and steal your jobs.
Speaker 2 (39:20):
Nothing Christian about that at all.
Speaker 1 (39:22):
But well, you know, we're going to set that aside
for a moment, and I'm want to go back to
what you were talking about about Soros and these left
wing organizations who are co opting and doing horrible things
with American Christianity. Is there a not a right wings
I know you're all over this stuff and I'm glad
you are. But is there a Christian organization or Christian
organizations aware of this and pushing back against this, or
(39:47):
does this all fall to you and me?
Speaker 3 (39:50):
I'm going to be honest with you, Jesse. Right now,
it mostly falls to you and me. I wrote this expose.
I brought an incredible number of receipts I show hard documentary,
I show irs nine nineties that prove beyond a question
of a doubt that people like George Soros, like Buddhist
eBay founder Pierre Omiitiar, like the Clinton Foundation, like Bill Gates,
(40:13):
that they are funneling money into these evangelical and Christian organizations.
Speaker 5 (40:18):
And now that I am bringing it up.
Speaker 3 (40:19):
You, in fact, have so many people who have benefited
from this system that they have mobilized to try to
discredit the work, to try to say you shouldn't.
Speaker 1 (40:29):
Listen to this.
Speaker 3 (40:30):
I've seen a lot of it's not Christian for her
to be criticizing our evangelical leaders like this.
Speaker 5 (40:36):
This is divisive you should mark and avoid.
Speaker 3 (40:38):
So they are doing everything they can right now to
avoid the substance of this book. And all I can
say about that is that that is why it's important
and this is not just a plug for me, but
it's important to buy it. Be aware of this information,
and start demanding answers from your pastors and from your
ministry leaders. Because the incentive system right now now is
(41:00):
all on respectably ignoring it. That is the polite thing
to do, to pretend it's not happening. So the only
way to stop that is for enough people to say,
we see what you're doing, and we're demanding answers.
Speaker 2 (41:13):
Good. I'm glad they're criticizing it.
Speaker 1 (41:15):
I would worry about it if they weren't criticized, and
it may I suggest everyone who goes to church maybe purchase.
Speaker 2 (41:20):
A copy for your pastors.
Speaker 1 (41:22):
Pastors don't make any money unless they're Joe Olstein, so
you might want to purchase a copy for them and
give it to them.
Speaker 2 (41:27):
They'll actually read books you give them. I've done this.
Speaker 1 (41:29):
Before, okay, Megan, before I let you go. The Olympics.
Obviously it's not something i'm currently watching because I hate
that demonic filth they pulled in the opening ceremonies. But
what strikes me is how bold they are about that stuff.
It's so bold, it's so in your face down, it's
so very obviously a spiritual war that's been declared, and
(41:50):
I'm kind of floorided how many people can't see it
or don't want to see it.
Speaker 3 (41:54):
Yeah, not just that some of these pastors that I
was just talking about, you have actually seen them out
argue for Christians don't need to be upset about this
because the Last Supper isn't actually a representation of price.
I have seen pastors out there doing it on social media.
Speaker 5 (42:09):
Jesse.
Speaker 3 (42:10):
They say that we as Christians are not to be
about our outrage, so we therefore should show no love
for our Savior in objecting to his mockery and to
his denigration. And all I can say is that I
don't think those people know their Bibles.
Speaker 5 (42:24):
It is.
Speaker 3 (42:25):
It's despicable, and I have to question how much do
you love your Lord that you in no way feel
that Christians should object to this and look as a Christian,
I also have to say that the fact that it
is Jesus that they mock and that they denigrate again
and again tells me that they understand where the real
power lies and that there's only one true faith and
(42:46):
it's the one they continually attack.
Speaker 2 (42:49):
Yeah.
Speaker 1 (42:49):
Well, the good news is it's nothing. Jesus isn't used
to Megan. Her book is Shepherds for sale.
Speaker 2 (42:55):
Thank you so much, ma'am. I appreciate it.
Speaker 1 (42:56):
Seriously, Go buy a copy for your pastor if it's
something in you.
Speaker 2 (43:00):
If you read it, you like it.
Speaker 1 (43:02):
Pastors don't know. I had a lunch with one of
my pastors a few months ago.
Speaker 2 (43:07):
Forget what it was.
Speaker 1 (43:08):
I probably told you about it on the air, and
wonderful guys wanted to chat and check on my family,
and it was wonderful.
Speaker 2 (43:14):
It was good. But the topic, because of what I do,
the topic.
Speaker 1 (43:18):
Of politics and the news and the world came up
during the course of our conversation, and he didn't know
anything nothing, just totally blissfully unaware of what's happening in
the world.
Speaker 2 (43:36):
We can't have that.
Speaker 1 (43:38):
We can't pull ourselves apart from that anyway. Something to
think about, all right, you know what else you can
think about?
Speaker 2 (43:45):
You know, you can.
Speaker 1 (43:45):
Podcast this show, right, Josh Hammer, Mike Slater Eddy one
of our shows. If you go to the first tv
dot com Slash Podcasts, you can just go get a
podcast version. Listen at listen, listen, listen.
Speaker 2 (44:01):
That's your leisure.
Speaker 1 (44:03):
We'll be back, all right, it is time to lighten
the mood. And you probably have heard of trolling. Never
heard of trolling. It's something that people will put something
up online, something that's obviously wrong or false, just to
(44:27):
get people mad and screaming and yelling about this. And
I don't have very many skills.
Speaker 2 (44:32):
As you know.
Speaker 1 (44:33):
I'm a great orderer of food. I make a wonderful cheeseburger,
I'm a wonderful napper. But beyond that, I don't have
a lot that I'm good at. But I'm very, very,
very good at trolling. And here's why. It's not just immaturity,
although there's a whole heat being helping at that. Here's
why I'm good at trolling because I understand what it
actually is.
Speaker 2 (44:52):
And here's what trolling actually is.
Speaker 1 (44:54):
It's taking somebody's false notions of you and enforcing them
to make them look stupid. For instance, if you're on
the left, if you're a dirty communist, maybe you're one
hate watching this show right now. I know you believe
a bunch of things about people on the right, but
one thing you definitely believe, no question about it. Do
(45:18):
you believe people on the right are stupid and naive
an uneducated. Of course you went to an Ivy League
school and you live in New York City, and of
course every farmer in Iowa was an idiot.
Speaker 2 (45:29):
Of course that's how you're trained. That's how the American
communist thinks.
Speaker 1 (45:33):
And so because that's how they think of us, I
like to use that and make them look dumb. I
put up a stupid post on Twitter a while ago
calling the Statue of Liberty basically American architecture. I said
something to the effect of, well, the Europeans would never
know that this is American architecture, and of course everyone
knows it's a gift from France. Well, this was a
(45:56):
joke I made. I swear it was a year ago.
Speaker 2 (45:59):
And watch this.
Speaker 7 (46:01):
Jesse Kelly DC tweets people love to sound sophisticated and
brag about European art and architecture. I've seen Americas and
I've seen what they've got. Theirs can't touch ours. And
then he puts up an image of the statue at Liberty,
(46:25):
which is French art and French architecture. You rube dumbed.
Speaker 2 (46:38):
That's how you troll.
Speaker 1 (46:40):
Take their false notions of you, and you use it
to make them look really really really dumb.
Speaker 2 (46:47):
I'll see them all
Well, the stock market's down, dome is down for a VP.
Speaker 2 (00:06):
We'll talk about that tonight.
Speaker 1 (00:07):
We're gonna talk about patriotism being the essential element for
a country. All that, Sean Spicer and more coming up next. Okay,
the stock market, the financial system Japan US my four
(00:29):
oh one k you woke up this morning, you looked
at your phone and you started weeping.
Speaker 2 (00:32):
Okay, okay, I want you to understand a couple of things.
Speaker 1 (00:35):
First. We're gonna get to Carol Roth in just a
couple of minutes, our financial expert, and she's gonna break
down for us what happened is at the end of
the world.
Speaker 2 (00:45):
Is this a blip on the radar?
Speaker 1 (00:47):
Is this just if you're looking for the details and
the technical stuff. We will get to that in just
a couple of minutes. I want to hit on something
different first though. It's different, but it's not different. And
this is why this is going to be a zoom out.
You know how we love to zoom out on the show.
Don't focus on one individual story, one scandal, one headline
(01:08):
of the day. Zoom out, take a thirty thousand foot view,
look down at it so we can understand what we're
seeing and why we're seeing it. So not only will
it help us understand this story today, it'll help us
understand tomorrow whatever the new scandal was going to be,
and the next day and ten years from now. If
we learn about the how and the why, then we
(01:28):
understand things so much more. So allow me to do this.
We're going to talk for a moment about patriotism and
that will come back to the markets. Believe me, this
is coming back to the markets. It doesn't sound like
it will, but it will. So just just stay with
me here. So yesterday I was in the kitchen and
(01:49):
we have one of the drawers where we keep our
trash can and the kitchen wife doesn't want it out
and smells or something like that. So I see my son,
one of my sons, open up the drawer and I
got a empty wrapper of some kind, always eating, and
I see him look and I see him just kind
of jam it in there and then try to close it.
And I said, oh do And I walked over there
(02:12):
and I look and trash can is overflowing, and I said, son,
what are you doing? What do you think you should
do right now? He said, take it out, that's right,
take it out. Why should you take it out? He said,
because I'm responsible and because I care enough about our
(02:33):
house to take the trash out. That's a true story.
So what's going on in the country. Let's talk about patriotism,
shall we. Patriotism is one of those things people don't
really fully understand.
Speaker 2 (02:47):
If you're on the.
Speaker 1 (02:48):
Left or you're part of Republican leadership, it's something you
kind of sneer.
Speaker 2 (02:52):
At, roll your eyes at. Well, here we go Overka.
That's on the left.
Speaker 1 (02:58):
If you're on the right, not you personally, but if
you're one of the norms, the normis I'm surrounded by
these people.
Speaker 2 (03:03):
What is patriotism to them?
Speaker 1 (03:05):
Well? Putting on an American flag hat on July fourth,
of course, and I'm a patriot. I love guns and
that okay, I love American flag hats.
Speaker 2 (03:15):
I own one myself.
Speaker 1 (03:16):
I certainly love guns, but that that's not patriotism. Patriotism
is love of country, genuine appreciation of country, a feeling
that you me that were blessed to be here. And
when you feel like that, you automatically, when you feel
(03:38):
that kind of love, that kind of appreciation, do you
automatically feel a sense of duty to that nation, an
obligation to that nation. You look at the trash and
you automatically take it out because you love it.
Speaker 2 (03:54):
Here.
Speaker 1 (03:55):
I love this house. It's a roof over my head,
it's air conditioning, there's food in the pantry, and there's
something that needs to be fixed.
Speaker 2 (04:02):
I will fix it.
Speaker 1 (04:03):
You look at your country in the exact same way.
The problem we have and this is not unique to America,
this is all across the West. We have a patriotism
problem in the United States of America, not just at
the bottom, at the highest levels of the government, the bureaucracy,
corporate leaders. And that explains so much of why we
(04:27):
are where we are. You see, when you wake up
and you're the president, you're a senator, you're a member
of the House, you're a CEO of Facebook, you're a Whoever,
when you wake up and you don't feel even the
tiniest obligation or duty to your country, to your fellow
(04:47):
American citizen, then what it does is it gives you
a license to do whatever you want to do. You
become completely beholden to your own selfish desires because you're
not part of something bigger, You're not part of a
country that you should serve and protect and love, and
America just becomes a bank fault to you. If you
(05:12):
want to understand why the evil people who lead us
do the things they do, Democrat and Republican, why do
they do it? Because they don't love the country, not
like you do. They don't even most of them never
even think about the country. They look at America as
(05:32):
a bank vault. That's it. You the annoying citizen, caring
about your rights and prices. You're an inconvenience. They keep
you around though, because you're a tax farm. That's how
they look at you. They don't look at your suffering.
You're sitting there, you can't afford groceries, you just move
back in with your parents. You're suffering, your daughter was
(05:55):
just raped by any illegal and they don't look at
you and feel any amount of sorrow or sympathy whatsoever.
Those things only would will up inside of patriots. You
are a tax form. You're a battery that powers the system,
and that's why they do everything that they do. Why
in the world would you flood a nation with tens
(06:18):
of millions of barbarians.
Speaker 2 (06:20):
From all over the planet.
Speaker 1 (06:22):
You wake up every single day you have a news
article about American girl raped, American family killed in a dui,
American jobs ruined, American schools, overrun, American hospitals, overrun costs
going through the roof. And if you're one of the
politicians Democrat and Republican who are doing that on purpose,
if you had any sense of patriotism or obligation, any
(06:46):
sense of duty for your country, you would look at
that and you would be mortified, and you would say,
close the border and stop this, and we have to
care for American citizens first. But if you don't feel that, well,
open up the gates, bring them all in. It's cheap labor, baby,
cheap labor, easier votes. These people crossing the border aren't
(07:09):
worried about their Second Amendment rights. That's you, annoying citizen.
You're so annoying. They're just going to bring in someone
to replace you. Why would they do that because they
don't love the country. Why do they pass trillion dollar bills?
You know, you've probably heard me, if you've if you've
watched the show for any length of time, I will
ask House members and senators when they come on the show.
(07:31):
I will oftentimes ask them when it comes to spending.
Speaker 2 (07:35):
You don't.
Speaker 1 (07:36):
Don't your colleagues understand that they are destroying the value
of the dollar and destroying future generations. Don't they understand?
I always ask them, don't they understand? Don't they understand?
And almost universally they respond they understand.
Speaker 2 (07:54):
They don't care.
Speaker 1 (07:56):
Every single time Democrats and Republicans get together and pass
another trillion dollar bill, well, they weaken the value of
your dollar. They weaken the future of your children and
your grandchildren. And they know it. They know it every
single time.
Speaker 2 (08:15):
They know it.
Speaker 1 (08:18):
They don't care. This is just the bank vault. Of course,
your children, your way of life, being able to own
a home, find a good job, afford groceries, those are
just thoughts of the peasants. The people who rule the
West don't care about the peasants anymore. They just care
about looting the country. Why do we have these huge
(08:41):
stock market problems, real estate problems, commercial residential why do
we have an open border? Why do we have all
these things because the people who run the United States
of America don't care about it at all. And I've
got some really, really, really bad news for you. Before
we get to Carol Roth, She's going to give us
actually some hopeful news as well, So I'm not going
(09:03):
to finish on that. But just no, I've got some
worse news for you. Whatever they do to solve the
coming economic problems, whether these problems are tomorrow, next year,
ten years, so now, whatever they do will make the
problem worse. Whatever they do, it will be terrible for
(09:24):
you and good for them. They will spend money and
hand it out to their friends while you suffer. They
will split up in piecemeal all these small banks and
hand them out to their large bank friends. You see,
the evil people who run the United States of America
can't ever, ever, ever come up with a patriotic solution,
(09:47):
a solution that is good for the people to any problem.
It doesn't matter what the problem is. They can't ever
come up with it because they're not patriots. Patriotism, what's
good for you, what's good for the country never even
enters these people's minds. You know, we talk about them
(10:08):
hating the country, and oftentimes they do. Oftentimes that's very,
very true.
Speaker 2 (10:12):
You know, you get.
Speaker 1 (10:12):
Somebody like Rashida Talib, she really just hates America. Set
it a whole country on fire if she could. But
the real sad truth is most of the people who
lead the West, they don't care about it at all.
Remember when Democrats passed the Inflation Reduction Act, a trillion
(10:36):
dollar bill that didn't do anything to touch inflation, and
hand it out a trillion dollars to their political allies,
and then they called it the Inflation Reduction Act right
to your face.
Speaker 2 (10:49):
Remember Mitch McConnell.
Speaker 1 (10:51):
After that GOP took back the House in the midterms.
There was that little window of time, that two month
period of time where it's called a lane Congress, and
you generally don't pass anything during that time. It's considered
kind of something you don't do. And Mitch McConnell got
with Democrats to pass a trillion dollars omnibus bill on
(11:11):
big hand out to these people, these people, all the
friends of the government, all while you couldn't afford eggs.
Speaker 2 (11:19):
The truth is we are led.
Speaker 1 (11:20):
By evil, evil men, and they hate the country. And
until we fix that, whatever scandal comes today, tomorrow, the
next day, it won't matter. We can't save this place
without patriotism. That might have made you uncomfortable, but I
am right. Carol Roth is going to join us next
(11:42):
to talk about that. Speaking of patriotism, you know, there
are companies that hate this country quite openly.
Speaker 2 (11:51):
Actually, to their credit, they don't really hide it anymore.
And then there are companies that love this country.
Speaker 1 (11:58):
You know, had a chance this last week to sit
down and spend some time with pure Talk. You have
any idea how much their CEO loves this country. Vietnam veteran.
Have you ever talked to a Vietnam veteran. They're a
different breed. They love this country. They do something really
no one else does.
Speaker 2 (12:15):
Now. They even hire Americans.
Speaker 1 (12:18):
When you get a hold of someone at pure talk,
you speak to an American who speaks English. Get rid
of Horizon, get rid of AT and T Team Bobule.
Stop paying the people who are destroying the West. Stop
paying them to do it. Go to pure talk dot com,
slash Jesse TV.
Speaker 2 (12:36):
All right, we'll be back.
Speaker 3 (12:52):
Sure your commy.
Speaker 1 (12:56):
Environment now if you ever small things.
Speaker 2 (13:02):
That aged well joining me now.
Speaker 1 (13:05):
I'm sad to say, even though I love her.
Speaker 2 (13:07):
Carol Roth. She's the author of.
Speaker 1 (13:09):
Many books, but one you might want to pick up
pretty quickly. Here you will own nothing, Carol. Okay, we
all woke up today. Everyone made the horrific mistake of
logging into their four oh one k if they were
allowed to do so, and started crying. I don't understand
what's happening. I don't understand why it started in Japan.
(13:30):
I don't just pretend like I know nothing about the economy, Carol,
what happened today? All right?
Speaker 4 (13:36):
I'm enough to dig deep to pretend you know nothing, Jesse,
but I'm going to do my best here.
Speaker 5 (13:41):
All right.
Speaker 4 (13:42):
So basically this has been going on. Honestly, for a
few weeks. We had Marcus that were just soaring to crazy,
crazy highs, and that was led by a group of
seven stocks, the Magnificent seven tech stocks. And I think
that one day investors woke up and not only realized
that they were over value, but that in order for
(14:04):
all of the AI hype that has been pushing up
these stocks to come to fruition that businesses were going
to have to spend a ton of capital to make
that come true. And so there was a bit of
a repricing. More than a bit of a repricing. We
wiped down trillions of dollars of value Magnificent Magnificent seven
over the past week has lost about a trillion dollars
in value, so that to kind of kick things off.
(14:25):
Then middle of last week you had Jerome Powell come out.
Speaker 5 (14:29):
You know, the investors were hoping to hear that maybe
we're going to get a.
Speaker 4 (14:33):
Rate cut even though it wasn't expected, which we did
not get, and the table has been set a little
bit for September. But then what happened on Friday is
we got a really ugly jobs report and it triggered
a recession indicator, which again may or may not be
a thing. We've had an inverted Yeel curve for multiple years,
but all of a sudden, now the market feels like, oh,
(14:56):
the Fed maybe behind the curve.
Speaker 5 (14:58):
We're not going to get this expected stopped landing.
Speaker 4 (15:01):
You know, things are going sideways, and we ended up
with an ugly day in the market.
Speaker 5 (15:06):
So that's what's happening in the US.
Speaker 4 (15:08):
All these things on the US side, Oh, by the way,
on top of it, you know, fears of potential World
War three and you know, unrest in the Middle East.
So you have that going on in the US at
the same time last week in Japan you had sort
of a different dynamic going on. Japan has had negative
to zero interest rates for almost seventeen years, and four
(15:32):
months ago they finally decided to do this tiny little
rais and they again on Wednesday, decided they were going
to raise again. The yen was weak against the dollar.
It was making their imports, their food, they're oil, more expensive.
But they didn't really thread the needle very well. The
yen got very strong, and all of a sudden, that
(15:53):
kicked off what is calling the Japan reverse Japan carried
trade and basically the very simple terms, people have been
borrowing in Japan because they've had zero negative interest rates
at these very low rates.
Speaker 5 (16:07):
We've heard the story before.
Speaker 4 (16:09):
They've plowed that money into things like the end like
stocks whatever, shortening the end buying stocks, you know, perhaps
some of.
Speaker 5 (16:17):
The tech stocks we have. As these things.
Speaker 4 (16:20):
Changed dynamics, as the strengthened in price, as some of
these tech stocks decreased in value, all of a sudden,
what happens. You get margin calls. Oh no, we have
to pan excel things. And then once that happens, that
kicks off another layer of margin calls and the selling
begins set selling, and then all of a sudden, you
had Japan's stock market down twelve almost twelve and a
(16:43):
half percent in their first day of trading of the
week are overnight last night, which was the second worst
day on records since nineteen eighty seven. So the concern
was that we're going to wake up this morning and
there was going to be this massive contagion, and certainly
was some. But the good news, if I can give
you any good news, because there's a little bit of
(17:05):
a silver lining to things here, one is that the
amount that we opened down in the stock market, we've
recovered some of that, not all of that, but you know,
we've bounced back a little bit, which is a positive thing.
Speaker 5 (17:18):
And then on top of it, we're also up massively
for the year.
Speaker 4 (17:23):
I mean, even with the pullback in technology, the Nasdaq
is still over the last fifty two weeks up about
thirty percent, the S and P five hundred up around
twenty seven percent. So, yes, it is an ugly day,
and we never like to see these big down days
in these contagions, but it isn't, you know, the big
(17:43):
blood bath that I think everybody expected that it might
be and was worried that it might be. And I
don't think, and I hope I'm right that this is
the undoing of everything. I think that this is going
to take a little while to unwind, and this this
isn't it yet. Not to say that there will be
in it yet, but this isn't it yet. So hopefully
that gave some clarity.
Speaker 1 (18:03):
Jesse, Okay, it did, and it gave some hope. Could
you maybe indicate for us why things stabilized a little bit.
We were all crying on our cheerios this morning, and
obviously it still hurts. I'm not being dismissive about somebody
losing one hundred thousand dollars from their retirement account. But
it didn't continue free falling all day.
Speaker 2 (18:25):
Why what happened?
Speaker 4 (18:26):
Well, I think I think a lot of these sophisticated
investors understood that more of the catalyst wasn't the recession fears.
More of it was this liquidity issue coming out of Japan.
And when you have something that is, you know, because
of market dynamics and not necessarily related to the values
or fundamentals of companies. Not to say that there aren't
(18:49):
issues there, but that's not necessarily the full extent of
what triggered this. That there are some people who probably
saw this as buying opportunities that when their favorite stocks
that they've been.
Speaker 5 (18:59):
Watching came down, that they were able to get in.
Speaker 4 (19:02):
So there was enough interest in support in terms of buying,
you know, whether it was the market in disease overall
or certain stocks that they were able to absorb some
of that extra selling pressure that we were seeing coming
in as a contagion.
Speaker 1 (19:17):
Carol, I have to nerd out on details, but you know,
sometimes I get hung up on little things. Could you
elaborate for the stupid among us? What the Magnificent seven is?
These tech companies you brought You brought that up earlier.
Speaker 2 (19:29):
What is this?
Speaker 4 (19:31):
So these are like the seven biggest tech companies in
the world.
Speaker 5 (19:35):
They're all the names that you know.
Speaker 4 (19:37):
It's Apple, it's Amazon, it's Google, it's Meta formerly known
as Facebook, it is Microsoft, it is who am I
forgetting here?
Speaker 5 (19:48):
In Nvidia and Tesla.
Speaker 4 (19:50):
So these are these huge tech companies that have absorbed,
you know, lots and lots of capital, many of them
on the backs of the idea that AI is going
to be this huge, you know, productivity revolution, and that
these companies are going to have an outside benefit and
it's going to shape the economy, and so all kinds
of money has gone into these companies, and that is
(20:12):
really what has been carrying the market up. You know,
we haven't seen as much of a broad based increase
in the market as I would like, you know, kind
of spread out amongst stocks. It's been very heavily concentrated
in these stocks, which if you're investing in the indices,
you're getting.
Speaker 5 (20:28):
Exposure to as well.
Speaker 4 (20:30):
So that has been bringing up you know, the S
and P five hundred and the NASDAK and the like.
So that's they've gone up, but they've also, as I
said in recent weeks here lost some of that value,
given some of that back. And again I don't think
it's necessarily because any one of these companies is a
(20:51):
huge concern.
Speaker 5 (20:52):
I think it's more because.
Speaker 4 (20:53):
The evaluations and the exuberants got ahead of themselves.
Speaker 1 (20:59):
Okay, let's just touch briefly on this before I let
you go war and I realized this may be a
longer answer, and if so, that's fine. Obviously we all
can see what's happening. Iran maybe bombing Israel. It's a
big old mess over there. Russia's getting involved. We have
a carrier group over there. It's getting spicy we hope
Lord Billing nothing happens, but it certainly might. So set
(21:21):
aside the death and the carnage and the misery and
things like that, and let's just talk about money for
a moment.
Speaker 2 (21:26):
What does this do to markets?
Speaker 1 (21:27):
If I wake up tomorrow morning and God forbid, tel
Aviv is on fire, do I need to be withdrawing
all the money from the market?
Speaker 2 (21:34):
What does this mean for markets? War So, in.
Speaker 4 (21:37):
General, I always think it's a bad idea to withdraw
money based on a panic in the market. You should
have a very good plan with your financial advisor on
capital not only appreciation, but preservation and what to do.
And usually those days of panic are where the retail
investors really get hurt because they don't get back in
(21:58):
the market when it goes back up again at the
right point in time, and so they lose a lot
of capital appreciation or preservation potential. So it's not the
kind of thing to panic about, but is something that
you should be talking to your financial advisor about to
make sure that you've got the appropriate hedges in place
and you've got a balance portfolio.
Speaker 5 (22:16):
It's you know, it's a good question. What happens.
Speaker 4 (22:19):
I guess It depends on how bad the you know,
the attacks are. Is this really war? Is this something
that's more self contained? You know, if you look at
the price of oil today, Jesse, you know, even though
we're seeing Iran saying that it's going to attack Israel,
we're still seeing oil down because there's more of a
(22:40):
concern about recession fears right now than there is that
this is something that is going to escalate today now that.
Speaker 5 (22:46):
Can go ahead and change.
Speaker 4 (22:48):
Certainly, we've seen companies like Lockheed Martin's stock go up
significantly in past weeks and months in anticipation.
Speaker 5 (22:57):
So there will be the companies, I.
Speaker 4 (22:58):
Hate to say it, that benefit from it, and there
will be the companies that don't.
Speaker 5 (23:03):
You know, it's not a good thing.
Speaker 4 (23:05):
It's something that we don't want to involve ourselves in,
not only from the human banitarian reasons, but from an
economic standpoint. That being said, and I've said this to
you many times before, you know, we are on this
precipice of a changing financial world order. And while all
wars do not lead to a changing financial world order,
every change in a financial world order has been preceded
(23:27):
by what.
Speaker 1 (23:28):
Jesse, war, what a shock The defense contractors are doing okay,
and you've never.
Speaker 2 (23:35):
Seen that before.
Speaker 1 (23:36):
Carol, you are the best.
Speaker 2 (23:38):
Thank you so much. I appreciate it.
Speaker 1 (23:39):
You might want to go pick up her book, You
Will Own Nothing, learn a lot about who's actually running
the economy.
Speaker 2 (23:45):
The world, what they want for you, for me.
Speaker 1 (23:48):
We talked about this a little bit in the open
worth picking up. All right, So let's shift gears on
off all this dark economic news and patriotism in America.
Let's talk about the VP dome. Dome's supposed to roll
out her VP pick tomorrow. Is it gonna be Shapiro?
Sure looks like it's gonna be Shapiro. Seawn Spice is
(24:08):
gonna analyze all that force in just the moment before
Sean does that, I'm gonna analyze something for you, your sleep,
more specifically, what you take to sleep. Everyone has a
thing when they don't feel like they're gonna sleep. I
hope you don't take something every day, but when they
don't feel like they're gonna sleep, a thing they take. Listen,
(24:32):
there are a bunch of things that can help you sleep,
a bunch of things that will put you to sleep.
I have found exactly one thing in my entire life
that I can take to sleep and I will feel
amazing when I wake up. And that is dream powder
from being It's all natural melotone and things like that.
(24:52):
It's hot chocolate, really the mind's cinnamon chocolate. I warm
up a glass of milk, mix it up. It's delicious
cup of hot chocolate. I just sit there, read the book,
watch TV, sipping on it, and I'll drift off to sleep. Okay, good.
But when I wake up, I don't feel groggy. I
don't feel half dead. I don't feel like my body
weighs five hundred pounds. I feel amazing. That is the difference.
(25:15):
What off Shopbeam dot com slash.
Speaker 2 (25:20):
Jesse Kelly, we'll be back.
Speaker 1 (25:31):
VP. It's weird that Dome picking her VP is almost
like a tenth tier issue. Today there's World War three,
the markets are crashing. But Kamala Harris, who really worked
hard to earn that nomination, is now going to make
her selection. And who are they going to pick? And why?
And remember, they don't think the way we think. They
(25:52):
don't think the way you think, They don't think the
way I think.
Speaker 2 (25:55):
Is it? Mark Kelly?
Speaker 1 (25:56):
Is it gonna be this loser in Minnesota walls. Is
it gonna be shippee? I don't know.
Speaker 2 (26:01):
Let's ask Sean joining me now.
Speaker 1 (26:03):
My friend Shawn Spicer, host of The Sewn Spicer Show.
He always has all the good inside juice on all
this stuff. Okay, Sean, I understand everybody and their brother
thinks it's Shapiro, and if I had to bet, I
would bet it's Shapiro. But let's be honest, Shapiro's jewition.
That doesn't land that well in the Democrat Party anymore.
It's weird how times have changed. But who's it going
(26:24):
to be and why?
Speaker 6 (26:26):
I still think Shapiro makes the most sense. If I
could take nineteen electoral votes and get a better chance
of getting them, that would make my life a lot
easier if I were her. I think electorally he makes
the best sense. I talked to a couple of Democrats
about what you were just saying, I mean, like big
time player Democrats, and they said to me, in response
(26:49):
to this accusation about anti Semitism, which is unbelievably running
high in the Democratic Party, they said, where are they
going to go? And I guess in a way that
that's I get why they're thinking that way. I find
it ironic that a party that loves to throw arrows
the way they do has such an open problem with
(27:10):
anti Semitism in their ranks. And I also think it's
sad to see a guy like Josh Shapiro, who is
very proud clearly of his religion, backpad Ale the way
he is he's embarrassed, which continues to show that not
just Kamba Harris, but potentially Shapiro, it's they stand for
(27:31):
whatever they need to stand for at the moment. Josh
Shapiro should be very proud of his religion and saying,
you know, I'm a proud to you, I'm proud of
Israel and its role in the Middle East. And yet
here he is apologizing for standing firm on Israel and
and and afraid of the work that he did in college.
Speaker 2 (27:52):
I did a lot of things in college.
Speaker 6 (27:54):
I'm not proud of, but standing up for Israel is
not one of them that I would be embarrassed about.
And anyway, I just it's now, I mean, it might
as well be him, because they're literally both seem to
be willing to say or do whatever it takes to
whomever they're talking to.
Speaker 1 (28:11):
Okay, Sean, let me dig into this a little bit
deeper with you, because I am curious how big of
a problem this, you know, hamas lover base of theirs,
actually is because there's so much Look, it's an overused phrase,
but there's so much gaslighting today. There are so many
paid organizations, paid protesters, paid this paid dad, you know.
(28:32):
And I never know whether I'm seeing the same thousand
faces on the news every night, one at Columbia and
they fly to Berkeley and do it the next day,
or if they have a legitimate, you know, two hundred
and five hundred thousand person problem.
Speaker 2 (28:43):
Who hates Jews?
Speaker 1 (28:45):
Your Democrat friends, how big of a problem do they.
Speaker 2 (28:48):
Think this is.
Speaker 6 (28:50):
It's an interesting question you're asking, Jesse, because they all
acknowledge it's a problem. But their answer is, well, when
it comes to voting, they're not going to vote for Trump.
My my concern if I were them, would be that's fine,
But there's also a third option we have, which is
not to vote. And in a state like Michigan that
was won by ten thousand, seven hundred and three votes
in twenty sixteen, I would be very concerned about those
(29:14):
sixteen electoral votes. If I were them, they seem to
have it in their mind. Where By the way, that's
the reason we bring that up is there's a very
large population of Arab Americans there. I would think it's
a problem.
Speaker 1 (29:27):
I also think that we're overlooking young people.
Speaker 6 (29:30):
So you look at a state like Wisconsin, where you've
got Madison, huge, huge population of college students that tend
to vote Democrat.
Speaker 5 (29:37):
If they're disillusioned, if.
Speaker 6 (29:39):
They really are rallying around this thing, then that's a problem.
And remember again, Madison, Wisconsin was won by two tenths
of a point last cycle. So these are margins that
you're playing on the edge of in both campaigns. And
if I was Harris, I think that they have to
factor it in. All that being said, I would rather
(30:02):
take Shapiro's and hope that he can get me Pennsylvania.
No one else wal I mean, Waltz gets you Minnesota.
I get it was in play with Biden. I don't
think it's really that in play anymore. Mark Kelly, I
don't think it gets you Arizona. I think Trump still
wins Arizona. And so all that being said, and this
is the first time in my lifetime that would ever
(30:23):
argue that you're actually using a VP to get you
something right. Most vps are additive in the sense that
they they you know, penns helped with the evangelicals, but
they the voters weren't going to go anywhere else. It
reinforces something that the candidate needs to have reinforced. Quail
added youth to Bush, but it wasn't like they were
(30:43):
going anywhere. Biden added foreign policy to the newly senator
from Illinois Obama. So, but I think in this case,
if Josh Shapiro can legitimately put Pennsylvania in play, there
is a political reason to put him on the ticket.
That being said, the other thing is apparently they're the
only two that have any Kamala Harris and Josh Shapiro
(31:05):
are the only two of the finalists that have any
kind of personal previous relationship.
Speaker 1 (31:13):
She's okay, Now, let's talk about Kamala for a moment.
She's had a bounce in the polls, There's no question
about it. Every poll is different. She's up to she's
down three, but she's not down like Joe Biden was down.
That at least has been fairly consistent across all of them. Now,
what are we seeing here, Sean. Is this just the
(31:35):
all out propaganda push from the Democrats and their friends
in the media that does work, It can effectively bring
you up for a time. Is this the honeymoon phase
that's about to end? Or are we looking at it
yet another one to two percent presidential race.
Speaker 2 (31:48):
What's your instinct on this?
Speaker 1 (31:51):
Well, two things.
Speaker 6 (31:51):
First of all, like if this pen was the one
thing that you didn't like about Democrats and I put
the pen over here in a way, I mean, that's
what Kamala Harris effectively did when they got rid of Biden.
They pushed him out of the way. They took away
the biggest impediment to Democrats and independents who had problems
voting for them.
Speaker 2 (32:09):
They got rid of it.
Speaker 6 (32:10):
So she defaults to being the Democrat that they can
live with. They don't like her, but she's just not Biden.
Now she got a sugar high again. You replace the
one impediment that you have with anything else. People go,
oh cool, okay, good, so she's riding a sugar high.
But look, you talked about this just a second ago.
Look around the world today looked domestically today, and you
(32:34):
realize the Biden Harris policies are a problem. The number
one issue that voters care about it is the economy.
What happened today scares people. It scares people who are
working today, who have savings, who are hoping retired, scares
retirees who are living on a four oh one k
or an ira.
Speaker 1 (32:52):
People are genuinely concerned today.
Speaker 6 (32:54):
About the state of the world, whether or not we're
on the precipice of a world war, whether or not
what's going on in the Middle East bleeds into us
to some other way, the economic implications of this market cratering.
And that's because of these policies on both sides. And
the one thing that Trump can say that neither one
(33:14):
of them can say is you may not like me,
you may not like some of the things that I've
said or done, But for four years this country was
safer and more prosperous under me than it is for them.
There might have been chaos in my White House, but
the world was safe and calm. They might have a
boring White House, but the world has turned into a
(33:36):
chaotic nightmare under their watch. That is an unbelievably succinct
argument that they can make based on their record. It's
not promises. It's not hypothetical. I will promise you I
will do this, I will appoint this. Trump can literally
point at his record and say, for four years I
(33:58):
did the job. The world was safer, the country was
more prosperous, the country was safer under my leadership. Do
you want more of that or more of the nuttiness
that's going on now?
Speaker 1 (34:11):
No doubt, John, Thank you, my friend. Go Do you
want that kind of wisdom every day? Go watch Sean Spicer.
I do.
Speaker 2 (34:17):
That's how I get smarter. All right?
Speaker 1 (34:22):
The churches, the Olympics going all full demon but all
that other stuff. What are my thoughts on it? Well,
we're going to talk to Megan Basham about that next.
You've heard me talk to you many, many, many times
(34:42):
about America's Christian Church, about the failings of America's Christian Church.
The apathy of Christians in this country is something that
makes my head explode. And the pathetic weakness and oftentimes
open corruption of America's pastors, elders, leaders, It is a
long way to.
Speaker 2 (35:01):
Gutting this country.
Speaker 1 (35:02):
And I'm really really glad Megan wrote the books she
wrote joining me now reporter for The Daily Wire and
author of the book Shepherds for Sale. Megan Basham, Megan,
you wrote the book on this. This is something I
rant about so often. There is so much poison coming
from the pulpit today and it freaking steems me.
Speaker 3 (35:23):
Well, yeah, obviously, Las it upset me as well, and
it's part of why I started researching it and investigating
what was going on. And a big part of what
I found was that, yes, some of it is organic.
You have some pastors who are simply falling prey to
fear of.
Speaker 5 (35:40):
Man, as scripture calls it.
Speaker 3 (35:42):
They want to align with the culture, they don't want
to be distinct. But you also have a lot of
this being orchestrated. So you have left wing foundations funded
by billionaires like George Soros deliberately setting up evangelical front
groups and making use of the evangelical leaders to create
(36:02):
AstroTurf campaigns to try to co opt that all important
to evangelical vote. And you know, for your voter or
for your viewers who may not be aware, they need
to know why all conservatives, all Americans, all patriots need
to care about what goes on with evangelicals because they
are thirty percent of the American electorate, and even left
(36:23):
wing media outlets like The Atlantic call them America's most
powerful voting block. They were the people who put Donald
Trump in office. They are the people who have been
holding back the leftist agenda on issues like anti human
climate change policies, on open borders policies when it comes
(36:43):
to immigration, and so it's very important what's going on
with them, and that is why so much of this
leftist effort has gone into co opting their institutions and
their churches so that that influence will trickle down.
Speaker 1 (36:58):
It is interesting how often and this stuff is flat
out nefarious and not just some do good or weeni
pastor in his skiddy jeans who doesn't understand how to
protect the nation or protect his flock. But actually, I
want to talk to you about that guy for a moment.
We'll come back to this Soros thing. My pastor actually
gave us a sermon a couple of weeks ago, and
he couldn't megan, he couldn't help himself. He had to
talk about how we're called to be kind to the immigrants.
(37:21):
Of course, just completely freaking moths that he's a wonderful
human being, and of course we're supposed to be kind
to everyone, but doesn't realize he got co opted. The
dirty Communists co opted his faith, his belief in kindness
and love, and they co opted him. And there he
is up up with the pulpit, running his stupid mouth
about things he knows nothing about. How often does this
(37:42):
happen to pastors where they just kind of get used?
Speaker 3 (37:46):
This happens so often, Jesse and I spend a very
long chapter detailing the very issue of immigration that you
just brought up. So what you will see these AstroTurf organizations,
these left wing funded evangelical organizations do, is they'll create
a general statement of principle, something like what your pastor
said that we all agree with. Yes, of course we
(38:07):
should be kind to immigrants, regardless of how they got came.
Speaker 5 (38:11):
To be in our country.
Speaker 3 (38:11):
Yes we should share Jesus with them, regardless of whether
or not they are legal or illegal. But what they
do is then take that general statement of principle and
they use it to approach GOP lawmakers and say, look,
your evangelical constituents, the most important constituents, the people who
put you in office, want you to back Senator James
(38:33):
Langfort's border bill that allows up to five thousand illegal
immigrants into the country every day.
Speaker 1 (38:39):
And the important thing to know.
Speaker 5 (38:40):
About that when they say things like we want to
be kind to.
Speaker 3 (38:43):
The immigrant, that is absolutely true, but we also want
to be kind to the citizen. And allowing this kind
of chaos is not loving our neighbor. It's not loving
the people who live in our communities. It's actually very hateful.
It's not just a question of crime and drug and
sex trap. It's also a question of the job loss
(39:03):
that they're experiencing, the housing prices that the next generation
is experiencing, that's classing them out of the American dream.
So all of this is not kind, and we need
to talk about that as well.
Speaker 2 (39:15):
Oh it's a fact.
Speaker 1 (39:15):
There's nothing Christian about bringing barbarians in to rape your
women and steal your jobs.
Speaker 2 (39:20):
Nothing Christian about that at all.
Speaker 1 (39:22):
But well, you know, we're going to set that aside
for a moment, and I'm want to go back to
what you were talking about about Soros and these left
wing organizations who are co opting and doing horrible things
with American Christianity. Is there a not a right wings
I know you're all over this stuff and I'm glad
you are. But is there a Christian organization or Christian
organizations aware of this and pushing back against this, or
(39:47):
does this all fall to you and me?
Speaker 3 (39:50):
I'm going to be honest with you, Jesse. Right now,
it mostly falls to you and me. I wrote this expose.
I brought an incredible number of receipts I show hard documentary,
I show irs nine nineties that prove beyond a question
of a doubt that people like George Soros, like Buddhist
eBay founder Pierre Omiitiar, like the Clinton Foundation, like Bill Gates,
(40:13):
that they are funneling money into these evangelical and Christian organizations.
Speaker 5 (40:18):
And now that I am bringing it up.
Speaker 3 (40:19):
You, in fact, have so many people who have benefited
from this system that they have mobilized to try to
discredit the work, to try to say you shouldn't.
Speaker 1 (40:29):
Listen to this.
Speaker 3 (40:30):
I've seen a lot of it's not Christian for her
to be criticizing our evangelical leaders like this.
Speaker 5 (40:36):
This is divisive you should mark and avoid.
Speaker 3 (40:38):
So they are doing everything they can right now to
avoid the substance of this book. And all I can
say about that is that that is why it's important
and this is not just a plug for me, but
it's important to buy it. Be aware of this information,
and start demanding answers from your pastors and from your
ministry leaders. Because the incentive system right now now is
(41:00):
all on respectably ignoring it. That is the polite thing
to do, to pretend it's not happening. So the only
way to stop that is for enough people to say,
we see what you're doing, and we're demanding answers.
Speaker 2 (41:13):
Good. I'm glad they're criticizing it.
Speaker 1 (41:15):
I would worry about it if they weren't criticized, and
it may I suggest everyone who goes to church maybe purchase.
Speaker 2 (41:20):
A copy for your pastors.
Speaker 1 (41:22):
Pastors don't make any money unless they're Joe Olstein, so
you might want to purchase a copy for them and
give it to them.
Speaker 2 (41:27):
They'll actually read books you give them. I've done this.
Speaker 1 (41:29):
Before, okay, Megan, before I let you go. The Olympics.
Obviously it's not something i'm currently watching because I hate
that demonic filth they pulled in the opening ceremonies. But
what strikes me is how bold they are about that stuff.
It's so bold, it's so in your face down, it's
so very obviously a spiritual war that's been declared, and
(41:50):
I'm kind of floorided how many people can't see it
or don't want to see it.
Speaker 3 (41:54):
Yeah, not just that some of these pastors that I
was just talking about, you have actually seen them out
argue for Christians don't need to be upset about this
because the Last Supper isn't actually a representation of price.
I have seen pastors out there doing it on social media.
Speaker 5 (42:09):
Jesse.
Speaker 3 (42:10):
They say that we as Christians are not to be
about our outrage, so we therefore should show no love
for our Savior in objecting to his mockery and to
his denigration. And all I can say is that I
don't think those people know their Bibles.
Speaker 5 (42:24):
It is.
Speaker 3 (42:25):
It's despicable, and I have to question how much do
you love your Lord that you in no way feel
that Christians should object to this and look as a Christian,
I also have to say that the fact that it
is Jesus that they mock and that they denigrate again
and again tells me that they understand where the real
power lies and that there's only one true faith and
(42:46):
it's the one they continually attack.
Speaker 2 (42:49):
Yeah.
Speaker 1 (42:49):
Well, the good news is it's nothing. Jesus isn't used
to Megan. Her book is Shepherds for sale.
Speaker 2 (42:55):
Thank you so much, ma'am. I appreciate it.
Speaker 1 (42:56):
Seriously, Go buy a copy for your pastor if it's
something in you.
Speaker 2 (43:00):
If you read it, you like it.
Speaker 1 (43:02):
Pastors don't know. I had a lunch with one of
my pastors a few months ago.
Speaker 2 (43:07):
Forget what it was.
Speaker 1 (43:08):
I probably told you about it on the air, and
wonderful guys wanted to chat and check on my family,
and it was wonderful.
Speaker 2 (43:14):
It was good. But the topic, because of what I do,
the topic.
Speaker 1 (43:18):
Of politics and the news and the world came up
during the course of our conversation, and he didn't know
anything nothing, just totally blissfully unaware of what's happening in
the world.
Speaker 2 (43:36):
We can't have that.
Speaker 1 (43:38):
We can't pull ourselves apart from that anyway. Something to
think about, all right, you know what else you can
think about?
Speaker 2 (43:45):
You know, you can.
Speaker 1 (43:45):
Podcast this show, right, Josh Hammer, Mike Slater Eddy one
of our shows. If you go to the first tv
dot com Slash Podcasts, you can just go get a
podcast version. Listen at listen, listen, listen.
Speaker 2 (44:01):
That's your leisure.
Speaker 1 (44:03):
We'll be back, all right, it is time to lighten
the mood. And you probably have heard of trolling. Never
heard of trolling. It's something that people will put something
up online, something that's obviously wrong or false, just to
(44:27):
get people mad and screaming and yelling about this. And
I don't have very many skills.
Speaker 2 (44:32):
As you know.
Speaker 1 (44:33):
I'm a great orderer of food. I make a wonderful cheeseburger,
I'm a wonderful napper. But beyond that, I don't have
a lot that I'm good at. But I'm very, very,
very good at trolling. And here's why. It's not just immaturity,
although there's a whole heat being helping at that. Here's
why I'm good at trolling because I understand what it
actually is.
Speaker 2 (44:52):
And here's what trolling actually is.
Speaker 1 (44:54):
It's taking somebody's false notions of you and enforcing them
to make them look stupid. For instance, if you're on
the left, if you're a dirty communist, maybe you're one
hate watching this show right now. I know you believe
a bunch of things about people on the right, but
one thing you definitely believe, no question about it. Do
(45:18):
you believe people on the right are stupid and naive
an uneducated. Of course you went to an Ivy League
school and you live in New York City, and of
course every farmer in Iowa was an idiot.
Speaker 2 (45:29):
Of course that's how you're trained. That's how the American
communist thinks.
Speaker 1 (45:33):
And so because that's how they think of us, I
like to use that and make them look dumb. I
put up a stupid post on Twitter a while ago
calling the Statue of Liberty basically American architecture. I said
something to the effect of, well, the Europeans would never
know that this is American architecture, and of course everyone
knows it's a gift from France. Well, this was a
(45:56):
joke I made. I swear it was a year ago.
Speaker 2 (45:59):
And watch this.
Speaker 7 (46:01):
Jesse Kelly DC tweets people love to sound sophisticated and
brag about European art and architecture. I've seen Americas and
I've seen what they've got. Theirs can't touch ours. And
then he puts up an image of the statue at Liberty,
(46:25):
which is French art and French architecture. You rube dumbed.
Speaker 2 (46:38):
That's how you troll.
Speaker 1 (46:40):
Take their false notions of you, and you use it
to make them look really really really dumb.
Speaker 2 (46:47):
I'll see them all
Host
Jesse Kelly
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