March 27, 2024 • 44 mins
Jesse Kelly is dumping all over the media on this edition of I'm Right and rightfully so. Just wait until you hear the latest and greatest from the Associated Press. Donald Trump Jr. joins the show to break down his father's legal cases and how they're impacting New York City as a whole. Plus, Jack Posobiec and John Carney analyze the aftermath of the Francis Scott Key Bridge collapse in Baltimore.
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Episode Transcript
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Speaker 1 (00:02):
We're gonna dump on the media. Don Junior is here
to talk to us. John Carney's here, Jack Bissau because
here it's just an all star night tonight. I'm right,
let's talk about communists in their mindset. Yesterday, Look what
(00:25):
was the news of the day yesterday? The bridge Francis
Scott Key Bridge in Baltimore goes down. And I went
through the same thing you went through. I watched it
in the morning with my wife, My sons were there.
What happened.
Speaker 2 (00:36):
We're watching videos of it, and all of us ever
been saying, Oh, that's so horrible. I hope everyone made
it out. Oh no, that's terrible.
Speaker 1 (00:43):
But I had the same reaction you had, right, that
is what kind of a reaction is that?
Speaker 2 (00:48):
Why did you respond that way? That's a human reaction.
Speaker 1 (00:52):
You responded that way because you're a human being and
you feel things for other human beings.
Speaker 2 (01:00):
We now know we have six dead, well presumed dead.
Speaker 1 (01:06):
The water's thirty forty degrees, it's been thirty six hours.
It's they're dead, right, we know that. And it's awful,
isn't it. You're starting to hear from those families. Dad
never came home and breaks your heart, doesn't it. The
story of something like this is tragic. It's a human
(01:27):
tragedy to you, isn't it. But we have to understand
something about communists. There's a reason these people are able
to gun grab while the bodies are still warm during
a mass shooting. There'll be a mass shooting and the killer.
Speaker 2 (01:44):
Will still be in a school executing.
Speaker 1 (01:46):
Kids, and your liberal aunt Peggy will already be on
Facebook it's time to get the guns. And you're saying
to yourself, wait what, Joe Biden will get up and
give a speech. It's the guns, and you're saying, hey, hey,
whoa what we can have that talk, not right now.
Speaker 2 (02:00):
It's what do you mean? People are dying?
Speaker 1 (02:02):
But why don't you feel anything for those people, for
the families. Well here's what the AP said yesterday, right
after the bridge went down, they printed an article and
this is what they said about Francis Scott Key. While
the first verse of the anthem is the most well known,
there are a total of four stanzas, and the third
there's a reference made to a slave. Key whose family
(02:26):
owned people and who owned enslaved people himself supported the
idea of sending free black people to Africa, but opposed
the abolition of slavery.
Speaker 2 (02:35):
In the US. Hold on, what.
Speaker 1 (02:42):
A bridge just went down? There's all this human suffering tragedy.
Somebody found out their husband, their father was never coming
home again. And the Communists sat down to pen an
article about the man with a bridge was named after
and why he was evil and racist and terrible. How
(03:05):
could somebody, how could somebody.
Speaker 2 (03:07):
Lack humanity like that? Why are they like that?
Speaker 1 (03:11):
Well, I'm just going to explain this to you again.
Communists are anti humans, sultanids and called them the enemies
of humanity.
Speaker 2 (03:22):
That's probably the best way to put it. The communist is.
Speaker 1 (03:26):
Not moved by human tragedy because he's against humanity itself.
So if you're against humanity itself, there's no such thing
as a human tragedy. Anytime people die. When you're an
anti human, it's just an opportunity to destroy more things,
(03:48):
just an opportunity to move the revolution forward. For you.
Speaker 2 (03:54):
What if I told you right now, hey, this morning I.
Speaker 1 (03:58):
Woke up and I got a new pestide and I
killed a thousand mosquitoes, a thousand dead mosquitos.
Speaker 2 (04:05):
In front of my house. Would you be moved by that.
Speaker 1 (04:10):
No, of course you wouldn't you hate mosquitos. You have
no use for them whatsoever. If you had your way,
you'd kill them all. So does it move you emotionally?
Does it tug at your heart? That's how the communist
feels about humanity, about human suffering. That's why they are
the way they are, and they'll never change. They've always
(04:31):
been that way. The Soviets are that way, Americans are
that way. And look, while we're on the subject of
the American media, let's discuss this ron of McDaniel thing.
Speaker 2 (04:41):
Ronal McDaniel. I don't like Ronald McDaniel.
Speaker 1 (04:46):
I don't care that Ronal McDaniel got run out of MSNBC.
Speaker 2 (04:51):
This was McDaniel.
Speaker 3 (04:55):
Donald Trump says one of his first acts if he
is re elected to a second term, would be quote
to free those charged and convicted of crimes related to
January sixth.
Speaker 2 (05:06):
Do you support that?
Speaker 4 (05:07):
If you attacked our capital and you have been you
and you've been convicted, then that should stay.
Speaker 3 (05:12):
So then, But to the question, though, do you disagree
with Trump saying he's going to free those who've been charged?
Speaker 5 (05:18):
I do not think people who committed violent acts on
January sixth should be freed.
Speaker 2 (05:25):
Yeah. I don't care that Ronal McDaniel got fired.
Speaker 1 (05:28):
She wasn't going to be some advocate for freedom or
political prisoners or anything like that.
Speaker 2 (05:34):
I don't care.
Speaker 1 (05:35):
But I do find the communist's response. I do find
the communists caused to be fascinating. Ronald mcdanield is a
card carrying member of the system. She has never and
will never do anything to hamper Democrats in any significant way.
Yet word came out that she was hired as a
contributor and they had a full blown comedy revolt.
Speaker 2 (05:57):
Let me do with the elephant in the room.
Speaker 6 (05:58):
Yeah, I think our bosses ow you on politic for
putting you in a situation because I don't know what
to believe. She is now a paid contributor by NBC News.
Speaker 4 (06:07):
We hope NBC will reconsider its decision. It goes without
saying that she will not be a guest on Morning
Joe in her capacity as a paid contributor.
Speaker 7 (06:18):
The word to authoritarianism is paved with people like ron.
Speaker 4 (06:23):
The fact that miss McDaniel is on the payroll at
NBC News, to me, that is inexplicable.
Speaker 1 (06:33):
Why are they like that though? What why would that
response come out of these people? And of course NBC
bowed before them, and they fired her already. And she's
going to be rich now because they're gonna have to
they're gonna have to pay her all that mighty breach
of contract and all those things. Why are they like that, Well,
it's because they understand your liberal aunt Peggy, that she.
Speaker 2 (06:56):
Lives in a world of make believe. And these are
the people who have constructed that world of make believe
for her.
Speaker 1 (07:03):
They built the walls, they put the carpet down, they
built the roof. They need liberal and Pegy to stay there.
She must stay in this world to make believe. That way,
she'll be a loyal foot soldier forever. So like when
they're talking about January sixth, this is the kind of
coverage they.
Speaker 7 (07:21):
Want, recommendations about the members of Congress that we know
aided and embedded in some way, shape or form, the
insurrection or the plot to disrupt the peaceful transition of
power on the Ethics Committee referrals. Have you reached out
to the Ethics Committee about what their process is going
(07:43):
to be, what happens come January? Republicans are in charge
and then for these other members of Congress, should they
too not be held accountable. After the Civil War, members
of the United States Senate who sided with the Confederacy,
they were expelled by their all.
Speaker 1 (08:04):
That's what they need Liberal and Peggy to consume. They
need Liberal at Peggy consuming lie after lie after lie.
You know, the laptop is Russian disinformation. The vaccine is
safe and effective and stops the spread. They need liberal
ant Peggy to stay.
Speaker 2 (08:21):
In her house of lies. That way, she'll continue to
vote for her own destruction.
Speaker 1 (08:26):
That's why any deviation from the narrative is immediately cracked
down on by these people. Remember that, all right, All
that may have made you uncomfortable, but I am right.
Speaker 2 (08:39):
Donald Trump Junior is going to join us.
Speaker 1 (08:42):
Next, talk about the law fair, the finds the insanity
of America's cities. Before we get to Trump Junior, let's
talk about lone Star transfer. Let's talk about your time
share that you think you're stuck in.
Speaker 2 (08:54):
You're not. This is a lie.
Speaker 1 (08:57):
The timeshare company lied to you. They told you that
you were stuck in it for life. They of course
never disclosed when you were signing the documents that you
were going to be stuck for life, and now that
you're trying to get out, they tell you, oh, sorry,
you signed the contract. No, forget about calling them, stop
emailing them, Stop calling them, they're scammers. Call Loan Star
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(09:20):
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with everything else. So call eight four four three one
(09:41):
zero two six four six. Let lone Star Transfer set
you free.
Speaker 2 (09:46):
We'll be back. Honestly, this is so infuriating.
Speaker 5 (09:57):
I don't even know what to do.
Speaker 8 (09:58):
I don't even know if I can error what the
process is that these judges are arriving at.
Speaker 2 (10:03):
Whatever it is. It's flawn, I can tell you that much.
Speaker 1 (10:08):
These people, they really are mentally ill. And I know
we've said that on the right for a very long time.
It's a mental disorder and whatnot, but they really there
is something chemically.
Speaker 2 (10:20):
I don't know. I'm not a psychiatrist. There's something wrong
with these people.
Speaker 1 (10:25):
Joining me now Donald Trump Junior host of Triggered with
Don Junior on Rumble, which I hear is killing it unsurprisingly.
Don I know you get humor out of this stuff?
Speaker 2 (10:36):
Do you ever just see Jesse? Because the seranity of
these people.
Speaker 5 (10:42):
Now, I mean, I shouldn't get a rumber out of it.
It's it's so ridiculous. But but it's there every day.
I mean, he shouldn't be able to get don't forget.
What he's neglecting to mention, is that the original number
when they try to do the four sixty three, four
hundred and sixty three million dollars, Just so we understand,
two thirds of that six months ago was ruled out
(11:05):
by the appellate court, like by the next level up,
and the judge just decided to ignore that because they
understand that if you bond something, you pay points in,
you pay points out, you pay for it. So if
the numbers higher, even if it's based on nothing, even
if it all gets overturned later on, that money's gone forever.
That could cost you fifty million bucks just like that.
(11:25):
It's like a tax, right, you never get it back
even if you win everything. So when we talk about
this being a lawfair when you talk about it, just
trying to be keenal penalizing your political opponents. That's all
this is. So the appellate division rules that, hey, we
already ruled that six months ago. Two thirds of this
judgment is out. The other stuff is still out for appeal.
(11:46):
You still have to bond that. So you're paying points
no matter what, even if it gets turned away when
their star witness. Don't forget is Deutsche Bank a trillion
dollar institution that said we were paid back in full.
Rump never missed a payment. We wanted to do more
business with Trump. We made hundreds of millions with Trump.
We actually used them as a feather in our cap
(12:08):
to get other real estate business from other people. No, no, no,
you're a victim. No, no, we are, we want to
do more. No you're shush, shush, Jesse, you're a victim.
It's absolute insanity. This is the stuff that would make
the Bolsheviks blush.
Speaker 1 (12:26):
Don It came out that they reduced it, right, and
I saw everyone on the right celebrating. They reduced it,
reduced it down to one hundred and seventy five million,
And I understand the sentiment. It's better than it was before.
But I went off on this on my radio show
last night. How are we celebrating the fact that they're
they're finding the Republican nominee one hundred and seventy five
(12:47):
million dollars only one hundred and seventy five million dollars win.
The number, as you just pointed out, should be zero.
This isn't a win. It's not as bad of a loss,
but this isn't some win.
Speaker 2 (12:57):
This is third world dictator stuff.
Speaker 5 (13:00):
Yeah, I mean to be clear, it's one hundred and
seventy five million that you got to put up for bond, right,
so that that number, it's not the final judgment, per se.
That's what you have to ensure in case the judgment
is there, the reality that they put monitors in place,
all these sorts of things like there shouldn't be anything,
there should be nothing for a bond. You're still playing
out in the appellate court because as I said, if
you do put a bond, you pay for that today.
(13:22):
That's a sunk cost that has gone forever. So if
we win in the appellate division over you know that
the coming months, probably years, the way this drags out,
you know, you never get that bond payment back. You
don't get the ridiculous you know, legal fees back. That's
millions in burn rate per month. So again, they don't care.
It's why they want to throw twelve different things at
(13:42):
a wall hoping something sticks. Because New York State, Letitia Jens,
they're playing with house money, right, They're playing with New
York State tax payer money. If they lose, if it
goes forever, if it it doesn't matter. They've shown that
they don't care about the people of New York, as
evidenced by the fact that they've literally had to call
in the National Guard to guard people on the sub
Blaze because migrants are just randomly going around killing people.
(14:05):
You know, that's not a big deal. We're gonna go
after Donald Trump, but more importantly, we're also going to
go after Donald Trump and send a message to anyone
else in New York that New York is closed for business, unless,
of course, you align one hundred percent with the Democrat Party,
unless of course, you're a donor to Letitia James, in
which case, you know, we're gonna overlook some of these things.
(14:25):
We're setting up a scenario that is essentially ripe for extortion.
For these political radical activists. You know, any business, multi
billion dollar business in New York that then ag is
gonna come in years later and say, you know what,
we don't like that transaction. We think that someone was
taking advantage of it, even if there's no grieve parties,
even if there's no complaints, and you know, hey, if
(14:47):
you don't donate millions to my campaign, we're gonna unravel
these deals after the fact. It's absolute insanity. It's dystopian lunacy.
Speaker 1 (14:58):
Gone between the business environment that you just talked about.
Many people are talking about this now, business people, people
who aren't part of Trump's campaign, Hey, why would I
do business there? Between the crime We just had a
thirty one year old NYPD cop, father of a young
baby husband gunned down.
Speaker 2 (15:14):
Freaking awful, freaking sad. Between with all the stuff.
Speaker 1 (15:17):
Going on, it's wild to watch America divide the way
it is. Meaning the blue areas are just turning into hell.
And I love New York City. Don Every time I go,
it puts a smile on my face.
Speaker 2 (15:27):
I adore that town. And every time I go, I
watch it go down and down and down.
Speaker 1 (15:32):
I'm stepping over Hobo p It's just a disgusting disaster
every time I go there now, and the country's turning
into wonderful places and dumps and it sucks.
Speaker 5 (15:44):
Yeah. Listen, hey, I my father changed the skyline of
New York. It was my home for forty something years,
and you know, I moved to Florida, and literally, if
you told me I could never go back to New
York City again, like as my home for forty three years,
whatever it was, I'm fine. I could care less. That's
how bad it's gotten. I know people, successful people, they're
(16:05):
literally even men, they're afraid to commute back into New
York for the suburbs because running through you know, Grand
Central or Penn Station, it's like running the gauntlet with
your life at this point. These are not like wallflower
people that are afraid. I know, you know women corporate
lawyers that they literally have to now travel in packs
commuting into the city because they're afraid to do it themselves.
(16:28):
This is a place that even twenty years ago, when
I was younger going out and go out the four
o'clock in the morning, you wouldn't think twice about getting
on the subway to go home, even if you maybe
a little tipsy like. It's the fact that they can
allow this to happen in these areas that you see it,
that you see the policies. They can attack police officers,
they can beat the hell out of them, They're released
within minutes without bail. There are right, it is. It
(16:51):
is insane, Jesse. I wake up so many mornings and
I'm waiting for like a TV camera and to fall
out of my ceiling that I'm just the star of
the Truman Show and I'm being punked, because there's no
way this could be happening in any state in America,
or the United States of America, or any part of
civilized society at this point. And yet here we are.
Speaker 1 (17:14):
Another place we are is we're being embarrassed on the
world stage. And now countries that I don't want to
say worked for us, but certainly are not our equal
now feel comfortable lecturing us on camera. I'm sure you
saw this. Here was Mexico's president.
Speaker 9 (17:31):
With the ear of the White House. President Lopez Obrador
proposed his fix that the United States commit twenty billion
dollars a year to poor countries in Latin America and
the Caribbean, lift sanctions on Venezuela and the Cuban and
vargo and legalize millions of law abiding Mexicans living in
the US. If they don't do the things that you've
(17:53):
said need to be done, then what.
Speaker 10 (17:55):
Bomb the flow of migrants?
Speaker 2 (17:59):
We'll continue you. Yeah, don that's where we are now.
Speaker 1 (18:03):
Mexico pushes us around like we're the nerd in high school.
Speaker 5 (18:07):
Yeah. I did a whole thing on my Triggered podcast
on Rumble on Monday. I guess on this one. I
mean we are being extorted on a world stage by Mexico.
Mexico is bullying us. I mean we went from remain
in Mexico where my father with a couple of tariffs.
All of a sudden, they're marching to whatever our tune was.
And let's not make mistakes. We should control all the
(18:31):
power in this relationship, whether it's economically or otherwise. But
these people watch America exuding weakness under Joe Biden, under
Democrat policies. They see a guy that can't stay awake
during a meeting. They see a guy that gets lost
on a world stage. This is the nature of predation, Jesse.
Predators watch the week and when they see that weakness,
(18:55):
they pounce. Mexico is beating us around like a schoolyard bully.
It is unfashionable. How we change this quickly in three years?
But again, this isn't just Joe Biden, this is Democrat policy.
Joe Biden is doing everything that Democrats want. We're being
overrun at our borders where America lasts. Of course, it'll
(19:17):
ask us for twenty billion dollars. We're throwing around one
hundred and fifty to Ukraine without an articulation of what
our goals even are. You know, it's like Oprah's, like
book Club. You get billion, you get billions, you get billions.
Of course they're gonna ask for it. By the way,
if I was the president of Mexico, I'd be asking
it too, because they'd probably get it. Here, what's twenty
billion dollars between friends? And if you don't, we're gonna
(19:39):
send you our dregs of society. We're gonna send you
our rapists, our criminals. You know, they'll have fun in
your beautiful suburban neighborhoods. And one day, baby, just maybe
suburban housewives will wake up and stop using the woke
garbage that I guess they view as you know their
social credit system and start actually thinking about the safety
and well being of their children, their loved ones, and
(20:02):
their neighborhoods, because that part of America is going to
be gone if this continues for much longer.
Speaker 1 (20:09):
Don wrapping this up, I don't think a lot of
people understand the importance of personal interaction, including with leaders
of nations.
Speaker 2 (20:19):
You know, you brought up Joe Biden and.
Speaker 1 (20:20):
Sleepy and everyone can see that his brain is melting
into tapioca pudding. That stuff matters a lot, especially when
you're dealing with business leaders, world leaders. It's not a
small thing that they look at our president and they
see him as soft.
Speaker 5 (20:35):
No it's not. And listen, hey, one of the you
know the criticisms I sort of even had sometimes off
my father was like I'm like, hey, like Dad, like
you actually I've seen it for forty years in businesses
and the gay way he treated his employees, and I mean, like,
you have a lot of empathy, like get you got
to show that more often. That's a political asset, not
a liability. But you know, he had that sort of
old school mindset of hey, man, if I'm dealing with
(20:58):
g if I'm dealing with North Korea. If I'm dealing
with these animals around the world, like they got to
see this side, there's no other. And so you know,
perhaps what allowed him to get you know, peaced in
the Middle East and keep those guys in check is
actually a political liability at home because of that same
suburban houseold I don't like his attitude. Well, that attitude
(21:19):
kept us out of wars, that attitude kept us safe,
That attitude stopped invasions, that attitude stopped the people from
directly screwing with the United States, and like, you can't
have everything that you want sometimes, so hopefully people finally
realize that as the pendulum has sort of overcorrected so
far that like I can't actually even make sense of
(21:40):
like the Democrat Party platform, the things that they care about,
that things that are their hills to die on are
it's like a caricature out of like a Saturday Night
Live skit back when it was still funny. It's mind blowing.
Speaker 2 (21:53):
It is.
Speaker 1 (21:54):
It's like we're on totally different planets. Dog my brother,
I know you're busy. I appreciate you very much. Yeah,
all right, Jack Kisoba. You know it's about communists communism.
It's gonna join us next. He's got a new book out,
should be pretty good. We'll talk to Jack. Before we
talk to Jack, all these nutballs. You know, money here,
(22:14):
money for Mexico, money for Ukraine.
Speaker 2 (22:16):
But where does that leave us?
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All right, we'll be back.
Speaker 1 (23:30):
Well, we've talked about it many, many times. It's been
written about many times. Sultsanitsen described communists as the enemies
of humanity. He was constantly referring to them as the
enemies of humanity.
Speaker 2 (23:42):
But why that's kind of a That's a bold.
Speaker 1 (23:45):
Statement, isn't it. Let's ask Jack about it. He wrote
a book, an outstanding one called Unhumans, The Secret History
of Communist Revolutions. Joining me now is the man who
wrote it, Jack Bisova, Jack, Unhuman that's pretty drastic.
Speaker 2 (24:01):
Why would you say such a thing.
Speaker 10 (24:03):
No, it's it's it's amazing.
Speaker 8 (24:04):
I mean, there's so many of these great, uh, you know,
communist books out there. No one, no one's really written one,
you know, lately, So I figured that I would and
you know this this uh yeah, look the reason we
we we decided to use this title Unhumans. And you
know the cover, it's it's very very eye catching. Is
is this idea that for some reason we have in
(24:28):
the West not given communism? As you know, the same
amount of I would say equal treatment that it deserves.
This should be considered one of the most disgusting and
it is the most disgusting ideology that has ever putrefied
forth from Central Europe, and it is responsible for more
depths than any other ideology in human history. And so
(24:52):
when we say unhumans, that is because it's exactly what
the people that are behind it, the people that are
behind these communist revolutions.
Speaker 10 (25:00):
We go through this in the book, going all.
Speaker 8 (25:01):
The way back to the proto communist revolutions like the
Roman Civil War and the French Revolution, all the way
up to Russia and Spain and China and even things
that we're seeing today.
Speaker 10 (25:13):
Is they have embraced unhumanity.
Speaker 8 (25:16):
They have, by their own actions, by their own words,
by their own deeds, embraced a form of governance, in
a form of policy whenever they take power where they
stand entirely opposed to humanity itself. And that is why,
that is why they have declared themselves and they have
labeled themselves unhuman.
Speaker 6 (25:39):
Chack.
Speaker 1 (25:39):
Why a lot of people they can't wrap their minds
around this. They themselves are human beings, flesh and blood,
just like you and me, I mean, they're a lot uglier,
but their flesh and blood. Why would a human be
against humanity? Wolves aren't against wolves. It doesn't make sense.
Why are they like this?
Speaker 8 (25:57):
So the reason is based in envy, and based greed
and based in avarice. And so there's there's a typical
belief that let's say, you know, let's say you're from
the wrong side of the tracks. Let's say you're from
a neighborhood that's covered in graffiti and you you look
on the other side of the town, you look the
other side of your town, and you see this, this
house up on the hill, and it's a mansion.
Speaker 10 (26:15):
Some billionaire and you know lives there.
Speaker 8 (26:18):
Not even a billionaire, it's just a you know, some
upper middle class person. Usually it is an upper middle
class person. It's the target. And instead of saying right,
instead of saying, gosh, I wish I lived in a
house like that.
Speaker 10 (26:28):
Maybe I can make my neighborhood better.
Speaker 8 (26:30):
Maybe I can do something to improve my community, to
improve my lot. Maybe I can, you know, get a
better job or get an education so that I can
you know that I can be more successful, my family
can be more successful. I can pull myself up there
are those who, rather than believe that, they would rather
go into that home and into that house and kill
(26:51):
the people who live inside and steal everything they have
and rob them of everything that they have, and then
would want to continue in doing that and saying, you know,
it's it's not actually my fault that I'm a loser
in life. It's not my fault that I am a
loser in careers or in love, or in relationships and family,
et cetera. It's their fault because they're the oppressors, and
(27:12):
those oppressors are going to get what's coming to them.
So it's a political ideology built in envy, and when
you take it to its final form, this is always
how it ends, mass graves and piles of skulls.
Speaker 1 (27:28):
You said very accurately that the average American doesn't learn
about this stuff in schools.
Speaker 2 (27:34):
They just do not.
Speaker 1 (27:35):
The truth is that Mao is not nearly as hated
as Hitler, even though Mao killed several times more than
Natolf Hitler ever could both bad guys.
Speaker 2 (27:45):
Why do we all hate Hitler and not Mao? Why
is this not part of the American curriculum?
Speaker 8 (27:51):
Jack, You know, it's really amazing because you know I,
and I say this as a guy who spent years
living in China, and I would go over there and
I said, boy, this is really interesting the Chinese companies party.
Speaker 10 (28:01):
I want to learn more about them.
Speaker 8 (28:03):
And then I'd go and read Chinese sources and of
course it's all pro CCP. But then I said, okay,
well let's go read some American sources, and then that
was also pro CCP. I'm like, wait a minute, these
guys are the comedies.
Speaker 10 (28:14):
What's going on here?
Speaker 8 (28:15):
And unfortunately what we have and this goes into the
Spanish Civil War as well. We have a situation where
people say that the.
Speaker 10 (28:22):
Victor always writes history. Our history is written by the victors.
Speaker 8 (28:26):
But in this case, history is written by the losers,
and history is written by people who rather than tell
the truth about what went on, they're all fellow travelers.
You get people like Walter Duranti in Soviet Russia. You
get people like Edgar snow red Star over China who
are actually supportive of these movements, supportive of the collectivization
(28:48):
and land reform and killing the landowners and killing the coolocks,
and so they will write these things and cover up
the famines they'll cover up the hollow doomer, They'll cover
up all of the atrocities that are going on because
guess what they actually believe the same thing.
Speaker 5 (29:06):
Jack.
Speaker 1 (29:08):
Is the right equipped to fight these people because it's here,
as you know, you talk about it all the time.
Speaker 2 (29:12):
Are we ready? Why aren't we ready?
Speaker 10 (29:14):
No?
Speaker 8 (29:15):
No, So the right would spend much rather spend much
more time, and we talk about this a ton in unhumans.
The right would rather spend more time arguing about equal
treatment and saying, oh, we're not being treated fairly and
the standards are double standards, and pointing out hypocrisy and
thinking that you can use facts and logic to debate
communists when in reality what's going on is that only
(29:38):
works if you're dealing with people who are operating in
good faith. And so so many conservatives can't actually wrap
their minds around the fact that there could be people
that are so far left and so far gone that
they want to deny the human rights of others. And
if you're denying the human rights of others, by the way,
then you are in fact becoming unhuman.
Speaker 10 (29:56):
That's exactly what the textbook definition of the term is.
Speaker 8 (30:00):
And so the right would rather sit there and think, well,
these are just you know, people have good intentions, but
these are unintended consequences, and we need to explain that
to people. And I turned around and say, no, these
are not the unintended consequences. These are exactly the deliberate consequences.
The mass migration at the border, letting criminals and rapists
into our country, going and mutilating the genitals of children.
(30:23):
You think this is all happening unintentionally. You think this
isn't some plan to actually destroy our country and destabilize
us and tear America from the foundation of what is. No,
this has been every revelation the squatters.
Speaker 10 (30:36):
The squatters in New York City.
Speaker 8 (30:37):
Is the perfect example, perfect textbook example of communism. They say,
we're going to come in and we are going to
take your property from you, your very homes, throw you out,
bring in people who are poor or people who just
say they want to be in there, and we're going
to give the homes to them.
Speaker 10 (30:52):
And if you have a problem with it, you are
going to be arrested. And I say, you know what, people.
Speaker 8 (30:56):
Will say, oh my gosh, this is unbelievable, this is unprecedented.
And I say oh no, no, no, because this has
been going on for over one hundred years, time and
time again.
Speaker 10 (31:07):
This is what they do. This is what they always do.
Speaker 8 (31:10):
And if you want to understand that, you've got to
get on humans.
Speaker 1 (31:16):
Don't pick it up. The book is unhumans. Jack, my brother,
I appreciate you as always, my man. All right, Bridge
went down? What's it mean for us?
Speaker 2 (31:26):
For you and me?
Speaker 1 (31:26):
Doesn't mean anything? Should we care talk about that? Let's
talk about what Jack just brought up.
Speaker 2 (31:31):
Crime.
Speaker 1 (31:32):
They're just coming over the border. Murderers, rapists, drugs, thowtful.
It's terrible. It's the way we live in now. You
have to look suspiciously all the time. You have to
have something on you that will allow you to stop
a bad man. There is a man who lives in
your area right now who is looking for prey.
Speaker 2 (31:54):
He's lived a life of violence his entire life.
Speaker 1 (31:58):
If he runs into your daughter at the gas station tonight,
can she stop him from hurting her?
Speaker 2 (32:03):
Can you?
Speaker 1 (32:04):
That's what burna is about. These are non lethal pistol launchers.
I carry lethal and non lethal. Even gun owners like me,
a non lethal option is necessary. They shoot pepper balls
or tear gas balls. They're legal in all fifty states.
No permits needed, no background checks needed. This is the
thing that swat teams are using. It will stop a
(32:27):
bad man, just this pepper cloud and brutal up to
forty minutes. He's out. You're free and alive. Go to
Berna dot com slash Jesse and get one for yourself
and your daughter. Berna dot com slash Jesse.
Speaker 2 (32:42):
We'll be back.
Speaker 11 (32:51):
Over thirty thousand vehicles across the Franciscotkree Bridge on a
daily basis as virtually who knows what important elness for
the economy in the northeast.
Speaker 1 (33:03):
Well, I don't like to break the future, but I'd
be willing to bet that John Carney has a little
bit more of an elaborate explanation on the bridge in the.
Speaker 2 (33:11):
Port and what it means.
Speaker 1 (33:13):
Joining me now, Bright Barton News's Finance and economics editor,
John Carney.
Speaker 2 (33:18):
Okay, John, we'll.
Speaker 1 (33:18):
Set that explanation aside for the time being, and let's
deal with first of all, the port itself.
Speaker 2 (33:25):
It's down.
Speaker 1 (33:26):
It's going to be down for a while, especially now
that the government's involved. We know that what does that
mean for us, for Baltimore, for the country.
Speaker 2 (33:33):
Does it matter?
Speaker 6 (33:35):
It does matter. Remember a couple of years ago when
we had all of those ports on the West coast
backed up, when we had ships waiting out at sea.
We're having a miniature version right right now. Outside of Baltimore. Obviously,
nothing can get in. Those ships will be redirected to
other East Coast ships. But there are other East Coast ports,
(33:56):
but there's not a lot of extra capacity at any
of those ports. So that will mean that we will
get a backup into those ports as well. Over time,
people will start to shift away from the East coast
ports to the West coast ports. Remember the Red Sea
is still tied up because of the Huti attacks, so
(34:16):
things that might come through the Red Sea are now
going around the Horn of Africa Now they get jammed
up in the East coast ports. So a lot of
stuff will come across the Pacific that will jam up
the West coast ports. So what we will see, unless
this gets cleared up very quickly, which I do not
believe it will, is port traffic jams, congestion cascading across
(34:37):
the all of the American ports East and West coast,
and that will cause backups. We're going to have supply shortages, scarcities,
and frankly, probably some additional inflation pressures because of what
we're what happened in Baltimore.
Speaker 1 (34:55):
Okay, let's nail down on that, because that's actually exactly
where I was going with this.
Speaker 2 (34:59):
Let's deal with the scarcities. First.
Speaker 1 (35:02):
Scarcities for what should I be buying? Toilet paper?
Speaker 10 (35:06):
Yeah?
Speaker 6 (35:06):
Well, so one of the lessons from the pandemic, right
is who knows, right, we just run out of random
stuff all of a sudden, maybe it's toilet paper. A
lot of cars come through that port, so there will
be a problem, probably shortages of cars. What that does
is not just push up the price of imported cars,
but also pushes up the price of used cars because
when you can't get a new car, people turn to
(35:28):
the used car market. So we're going to see some
problems with that. It is, but just a lot of Amazon.
Amazon is a major shipping hub right there in that
Baltimore port, so a lot of goods people ordered from
Amazon actually come through Baltimore. And so what we're going
to see is delays in that and so I'm not
(35:49):
sure we can predict exactly what we won't be able
to get our hands on. But I can predict that
it will become more difficult for probably a bunch of
stuff that nobody expects. You'll go into a store and say, wait,
why is that shelf empty? Again? Flashbacks to twenty twenty.
Speaker 2 (36:08):
Okay, so why inflationary? A port going down doesn't print money?
How does that come? Well?
Speaker 6 (36:13):
Remember, one, the port going down is going to print
money because we just had Biden tell us that the
federal government is going to have to pay for all
of this, so they are going to be printing money.
It is going to ramp up demand. But even without that,
when you have a supply shock. Remember when what inflation
(36:36):
is is it's when demand outstrips supply. When you have
a supply shock, that can create inflation. Even without printing
more money, you just have the same amount of money
chasing fewer goods. So we're adding to that the demand shock,
which is it will take a lot of labor and
a lot of materials just to clear the port. Then
(36:57):
you start to think about what we need to do
to rebuild the bridge. This thing cost one hundred and
forty one million dollars in nineteen seventy seven. I'm going
to just say that it's going to cost ten times
that much at least to rebuild in twenty twenty four.
Speaker 1 (37:17):
Yeah, I was doing the inflationary math in my head
on what that meant for today. Okay, John, I'm going
to ask a stupid question, and you might not even
be the one to ask it, but I'm going to
ask it because I was thinking about it as we
were looking at that video on there and the bridge
was in the water and whatnot.
Speaker 2 (37:31):
Okay, the bridge went down. It's sad, it's bad. I
realized that, praying for all the lost families. But the
bridge went down. The port didn't go down. The bridge
went down.
Speaker 1 (37:43):
Why does the port have to shut down for months
or a year because there's no bridge. Unless I'm mistaken,
the cargo ships weren't taking the bridge, right.
Speaker 6 (37:52):
No, that's a very good question. Actually, it goes back
to the to the decision back in the nineteen seventies
to build a bridge across the Baltimore Harbor. That may
not have been the best idea. Originally they wanted to
build a tunnel across the Baltimore Harbor so that the
ships could just go over it. Instead we built a bridge.
The channel runs under the bridge. You have to take
(38:15):
a very narrow pathway to successfully get through that channel.
It brings you quite close to the bridge itself. This
ship was not that far off of where it needed
to be when it hit the bridge, and so there
has always been a risk. Now these are very carefully monitored,
very carefully controlled, so it hasn't happened. This bridge has
(38:36):
been standing there, operating since nineteen seventy seven. But this
bridge blocks the port. Ships cannot get to where they
need to go to unload. There are a few ports
loading bays in front of the bridge, so some stuff
will be able to get in and out of the port,
(38:56):
but basically they're going to have to close it down.
They're going to have to re dredge the channel, They're
going to have to pull all of that steel and
cement out of the channels. I've heard some people say
that they think it could be reopened to a matter
of days. That doesn't strike me as realistic. I think
we're talking weeks, months, maybe longer, because it is a
(39:19):
major operation to get in there, pull all of that
stuff out, make sure that the channel is deep enough. Remember,
these giant ships require a pretty deep channel to get
in and out of there.
Speaker 10 (39:31):
You can't.
Speaker 2 (39:31):
You know, it's not just like you.
Speaker 6 (39:33):
And I going kayaking in an afternoon and we can
do it in a brook. These things have to be
at least fifty feet deep to just get through, So
you not only have to get everything out of there,
you have to make sure the channel is still deep
enough after all of this stuff has fallen into it.
Speaker 1 (39:50):
John, I heard that margins in shipping are actually small.
People think they're huge because you have all these goods
and services, and you're moving this vast quantity of wealth
essentially across oceans, and surely there just must be billions
and trillions at steak here. But that's not the case.
Why are margins so small in shipping?
Speaker 6 (40:12):
Actually, usually shipping loses money. One of the reasons there
aren't public companies that exist, Like, why can't you buy
stocking most shipping companies, Well, the answer is because they
usually lose money. They make money every ten years when
there is some big problem that actually makes some of
the ships, you know, something like a catastrophe or a
(40:35):
you know, the pandemic for instance, was a profitable period
because they're just there weren't enough ships to get all
the goods across, and so they get profitable every ten
years and try to make up for all of the
money they lost over the previous ten years. It is
not a very stable business. It is one that is
usually unprofitable. It is profitable almost only when there are
(40:57):
big catastrophes that happen. And one of the reasons for
that is it is just very expensive to fuel and
maintain and then control one of these giant ships. It
is not a you know, inexpensive endeavor. And frankly, it's
never really been inexpensive to do transotion shipping. We actually
(41:19):
invented modern corporations the idea of limited liability because shipping
was such a risky and expensive venture that nobody would
even do it if they were actually going to be
liable for all the damages that could be done from
a sunken ship. So we invented, you know, the modern
corporation basically to allow people to take the risks that
(41:41):
are involved with transotion shipping.
Speaker 1 (41:45):
Okay, let's let's talk about the FED, the rates, the inflation.
This isn't going to have any effect on potential rate cuts, right,
Are we going to get rate cuts sometime soon?
Speaker 6 (41:57):
No, we're not going to get rate cuts. This four
closes rate cuts. I think that one of the things
that has happened is again the Fed wants to cut
rates really badly. They are itching to cut rates, but
what they need to see is they need almost an
opportunity to cut rates. This is going to take away
that opportunity because of the inflation shock, both on the
(42:21):
supply side and on the demand side. They're going to
see prices going up for goods, for fuel, for services,
for labor, and so they are not going to be
able to cut rates this year. Maybe they'll be maybe,
you know, maybe next year. I don't know. But frankly,
this bridge project, rebuilding the bridge some people. I think
(42:42):
people are really underestimating how much it's going to cost
and how long it's going to take. People think, oh,
it'll be done, you know, in a year or two.
I think we're looking at five, seven, ten years. I mean, Jesse,
you and I might be here, you know, fifteen years
from now talking about how the bridge still isn't built.
Speaker 2 (43:03):
Now.
Speaker 1 (43:04):
I think it'll be a lot faster and more cost
efficient than that. John, After all, the government is involved.
I have nothing but total confidence, all right, John, John,
be good, my brother all right, it's time for Light
in the Mood. I don't like cats, but this one
impressed me. Hang on, I don't like cats. Let me clarify.
(43:34):
We're about to do a light in the mood and
it's going to involve a cat. And I have this
weird thing about cats and that I don't want to
own one. Just not a cat guy. But I admire them.
They like big ones, small ones. They really are amazing creatures.
The things they're able to do. This cat took on
(43:54):
a cobra. Things are amazing.
Speaker 2 (44:24):
All right, I see
We're gonna dump on the media. Don Junior is here
to talk to us. John Carney's here, Jack Bissau because
here it's just an all star night tonight. I'm right,
let's talk about communists in their mindset. Yesterday, Look what
(00:25):
was the news of the day yesterday? The bridge Francis
Scott Key Bridge in Baltimore goes down. And I went
through the same thing you went through. I watched it
in the morning with my wife, My sons were there.
What happened.
Speaker 2 (00:36):
We're watching videos of it, and all of us ever
been saying, Oh, that's so horrible. I hope everyone made
it out. Oh no, that's terrible.
Speaker 1 (00:43):
But I had the same reaction you had, right, that
is what kind of a reaction is that?
Speaker 2 (00:48):
Why did you respond that way? That's a human reaction.
Speaker 1 (00:52):
You responded that way because you're a human being and
you feel things for other human beings.
Speaker 2 (01:00):
We now know we have six dead, well presumed dead.
Speaker 1 (01:06):
The water's thirty forty degrees, it's been thirty six hours.
It's they're dead, right, we know that. And it's awful,
isn't it. You're starting to hear from those families. Dad
never came home and breaks your heart, doesn't it. The
story of something like this is tragic. It's a human
(01:27):
tragedy to you, isn't it. But we have to understand
something about communists. There's a reason these people are able
to gun grab while the bodies are still warm during
a mass shooting. There'll be a mass shooting and the killer.
Speaker 2 (01:44):
Will still be in a school executing.
Speaker 1 (01:46):
Kids, and your liberal aunt Peggy will already be on
Facebook it's time to get the guns. And you're saying
to yourself, wait what, Joe Biden will get up and
give a speech. It's the guns, and you're saying, hey, hey,
whoa what we can have that talk, not right now.
Speaker 2 (02:00):
It's what do you mean? People are dying?
Speaker 1 (02:02):
But why don't you feel anything for those people, for
the families. Well here's what the AP said yesterday, right
after the bridge went down, they printed an article and
this is what they said about Francis Scott Key. While
the first verse of the anthem is the most well known,
there are a total of four stanzas, and the third
there's a reference made to a slave. Key whose family
(02:26):
owned people and who owned enslaved people himself supported the
idea of sending free black people to Africa, but opposed
the abolition of slavery.
Speaker 2 (02:35):
In the US. Hold on, what.
Speaker 1 (02:42):
A bridge just went down? There's all this human suffering tragedy.
Somebody found out their husband, their father was never coming
home again. And the Communists sat down to pen an
article about the man with a bridge was named after
and why he was evil and racist and terrible. How
(03:05):
could somebody, how could somebody.
Speaker 2 (03:07):
Lack humanity like that? Why are they like that?
Speaker 1 (03:11):
Well, I'm just going to explain this to you again.
Communists are anti humans, sultanids and called them the enemies
of humanity.
Speaker 2 (03:22):
That's probably the best way to put it. The communist is.
Speaker 1 (03:26):
Not moved by human tragedy because he's against humanity itself.
So if you're against humanity itself, there's no such thing
as a human tragedy. Anytime people die. When you're an
anti human, it's just an opportunity to destroy more things,
(03:48):
just an opportunity to move the revolution forward. For you.
Speaker 2 (03:54):
What if I told you right now, hey, this morning I.
Speaker 1 (03:58):
Woke up and I got a new pestide and I
killed a thousand mosquitoes, a thousand dead mosquitos.
Speaker 2 (04:05):
In front of my house. Would you be moved by that.
Speaker 1 (04:10):
No, of course you wouldn't you hate mosquitos. You have
no use for them whatsoever. If you had your way,
you'd kill them all. So does it move you emotionally?
Does it tug at your heart? That's how the communist
feels about humanity, about human suffering. That's why they are
the way they are, and they'll never change. They've always
(04:31):
been that way. The Soviets are that way, Americans are
that way. And look, while we're on the subject of
the American media, let's discuss this ron of McDaniel thing.
Speaker 2 (04:41):
Ronal McDaniel. I don't like Ronald McDaniel.
Speaker 1 (04:46):
I don't care that Ronal McDaniel got run out of MSNBC.
Speaker 2 (04:51):
This was McDaniel.
Speaker 3 (04:55):
Donald Trump says one of his first acts if he
is re elected to a second term, would be quote
to free those charged and convicted of crimes related to
January sixth.
Speaker 2 (05:06):
Do you support that?
Speaker 4 (05:07):
If you attacked our capital and you have been you
and you've been convicted, then that should stay.
Speaker 3 (05:12):
So then, But to the question, though, do you disagree
with Trump saying he's going to free those who've been charged?
Speaker 5 (05:18):
I do not think people who committed violent acts on
January sixth should be freed.
Speaker 2 (05:25):
Yeah. I don't care that Ronal McDaniel got fired.
Speaker 1 (05:28):
She wasn't going to be some advocate for freedom or
political prisoners or anything like that.
Speaker 2 (05:34):
I don't care.
Speaker 1 (05:35):
But I do find the communist's response. I do find
the communists caused to be fascinating. Ronald mcdanield is a
card carrying member of the system. She has never and
will never do anything to hamper Democrats in any significant way.
Yet word came out that she was hired as a
contributor and they had a full blown comedy revolt.
Speaker 2 (05:57):
Let me do with the elephant in the room.
Speaker 6 (05:58):
Yeah, I think our bosses ow you on politic for
putting you in a situation because I don't know what
to believe. She is now a paid contributor by NBC News.
Speaker 4 (06:07):
We hope NBC will reconsider its decision. It goes without
saying that she will not be a guest on Morning
Joe in her capacity as a paid contributor.
Speaker 7 (06:18):
The word to authoritarianism is paved with people like ron.
Speaker 4 (06:23):
The fact that miss McDaniel is on the payroll at
NBC News, to me, that is inexplicable.
Speaker 1 (06:33):
Why are they like that though? What why would that
response come out of these people? And of course NBC
bowed before them, and they fired her already. And she's
going to be rich now because they're gonna have to
they're gonna have to pay her all that mighty breach
of contract and all those things. Why are they like that, Well,
it's because they understand your liberal aunt Peggy, that she.
Speaker 2 (06:56):
Lives in a world of make believe. And these are
the people who have constructed that world of make believe
for her.
Speaker 1 (07:03):
They built the walls, they put the carpet down, they
built the roof. They need liberal and Pegy to stay there.
She must stay in this world to make believe. That way,
she'll be a loyal foot soldier forever. So like when
they're talking about January sixth, this is the kind of
coverage they.
Speaker 7 (07:21):
Want, recommendations about the members of Congress that we know
aided and embedded in some way, shape or form, the
insurrection or the plot to disrupt the peaceful transition of
power on the Ethics Committee referrals. Have you reached out
to the Ethics Committee about what their process is going
(07:43):
to be, what happens come January? Republicans are in charge
and then for these other members of Congress, should they
too not be held accountable. After the Civil War, members
of the United States Senate who sided with the Confederacy,
they were expelled by their all.
Speaker 1 (08:04):
That's what they need Liberal and Peggy to consume. They
need Liberal at Peggy consuming lie after lie after lie.
You know, the laptop is Russian disinformation. The vaccine is
safe and effective and stops the spread. They need liberal
ant Peggy to stay.
Speaker 2 (08:21):
In her house of lies. That way, she'll continue to
vote for her own destruction.
Speaker 1 (08:26):
That's why any deviation from the narrative is immediately cracked
down on by these people. Remember that, all right, All
that may have made you uncomfortable, but I am right.
Speaker 2 (08:39):
Donald Trump Junior is going to join us.
Speaker 1 (08:42):
Next, talk about the law fair, the finds the insanity
of America's cities. Before we get to Trump Junior, let's
talk about lone Star transfer. Let's talk about your time
share that you think you're stuck in.
Speaker 2 (08:54):
You're not. This is a lie.
Speaker 1 (08:57):
The timeshare company lied to you. They told you that
you were stuck in it for life. They of course
never disclosed when you were signing the documents that you
were going to be stuck for life, and now that
you're trying to get out, they tell you, oh, sorry,
you signed the contract. No, forget about calling them, stop
emailing them, Stop calling them, they're scammers. Call Loan Star
Transfer instead. They're not scammers. They're a family business with
(09:20):
an A plus rating from the Better Business Bureau. They
will legally and permanently get you out. They are successful
ninety nine percent of the time. They guarantee it, they
put it in writing. They give you a timeframe, your
one phone call away from being done with the annual fees,
with everything else. So call eight four four three one
(09:41):
zero two six four six. Let lone Star Transfer set
you free.
Speaker 2 (09:46):
We'll be back. Honestly, this is so infuriating.
Speaker 5 (09:57):
I don't even know what to do.
Speaker 8 (09:58):
I don't even know if I can error what the
process is that these judges are arriving at.
Speaker 2 (10:03):
Whatever it is. It's flawn, I can tell you that much.
Speaker 1 (10:08):
These people, they really are mentally ill. And I know
we've said that on the right for a very long time.
It's a mental disorder and whatnot, but they really there
is something chemically.
Speaker 2 (10:20):
I don't know. I'm not a psychiatrist. There's something wrong
with these people.
Speaker 1 (10:25):
Joining me now Donald Trump Junior host of Triggered with
Don Junior on Rumble, which I hear is killing it unsurprisingly.
Don I know you get humor out of this stuff?
Speaker 2 (10:36):
Do you ever just see Jesse? Because the seranity of
these people.
Speaker 5 (10:42):
Now, I mean, I shouldn't get a rumber out of it.
It's it's so ridiculous. But but it's there every day.
I mean, he shouldn't be able to get don't forget.
What he's neglecting to mention, is that the original number
when they try to do the four sixty three, four
hundred and sixty three million dollars, Just so we understand,
two thirds of that six months ago was ruled out
(11:05):
by the appellate court, like by the next level up,
and the judge just decided to ignore that because they
understand that if you bond something, you pay points in,
you pay points out, you pay for it. So if
the numbers higher, even if it's based on nothing, even
if it all gets overturned later on, that money's gone forever.
That could cost you fifty million bucks just like that.
(11:25):
It's like a tax, right, you never get it back
even if you win everything. So when we talk about
this being a lawfair when you talk about it, just
trying to be keenal penalizing your political opponents. That's all
this is. So the appellate division rules that, hey, we
already ruled that six months ago. Two thirds of this
judgment is out. The other stuff is still out for appeal.
(11:46):
You still have to bond that. So you're paying points
no matter what, even if it gets turned away when
their star witness. Don't forget is Deutsche Bank a trillion
dollar institution that said we were paid back in full.
Rump never missed a payment. We wanted to do more
business with Trump. We made hundreds of millions with Trump.
We actually used them as a feather in our cap
(12:08):
to get other real estate business from other people. No, no, no,
you're a victim. No, no, we are, we want to
do more. No you're shush, shush, Jesse, you're a victim.
It's absolute insanity. This is the stuff that would make
the Bolsheviks blush.
Speaker 1 (12:26):
Don It came out that they reduced it, right, and
I saw everyone on the right celebrating. They reduced it,
reduced it down to one hundred and seventy five million,
And I understand the sentiment. It's better than it was before.
But I went off on this on my radio show
last night. How are we celebrating the fact that they're
they're finding the Republican nominee one hundred and seventy five
(12:47):
million dollars only one hundred and seventy five million dollars win.
The number, as you just pointed out, should be zero.
This isn't a win. It's not as bad of a loss,
but this isn't some win.
Speaker 2 (12:57):
This is third world dictator stuff.
Speaker 5 (13:00):
Yeah, I mean to be clear, it's one hundred and
seventy five million that you got to put up for bond, right,
so that that number, it's not the final judgment, per se.
That's what you have to ensure in case the judgment
is there, the reality that they put monitors in place,
all these sorts of things like there shouldn't be anything,
there should be nothing for a bond. You're still playing
out in the appellate court because as I said, if
you do put a bond, you pay for that today.
(13:22):
That's a sunk cost that has gone forever. So if
we win in the appellate division over you know that
the coming months, probably years, the way this drags out,
you know, you never get that bond payment back. You
don't get the ridiculous you know, legal fees back. That's
millions in burn rate per month. So again, they don't care.
It's why they want to throw twelve different things at
(13:42):
a wall hoping something sticks. Because New York State, Letitia Jens,
they're playing with house money, right, They're playing with New
York State tax payer money. If they lose, if it
goes forever, if it it doesn't matter. They've shown that
they don't care about the people of New York, as
evidenced by the fact that they've literally had to call
in the National Guard to guard people on the sub
Blaze because migrants are just randomly going around killing people.
(14:05):
You know, that's not a big deal. We're gonna go
after Donald Trump, but more importantly, we're also going to
go after Donald Trump and send a message to anyone
else in New York that New York is closed for business, unless,
of course, you align one hundred percent with the Democrat Party,
unless of course, you're a donor to Letitia James, in
which case, you know, we're gonna overlook some of these things.
(14:25):
We're setting up a scenario that is essentially ripe for extortion.
For these political radical activists. You know, any business, multi
billion dollar business in New York that then ag is
gonna come in years later and say, you know what,
we don't like that transaction. We think that someone was
taking advantage of it, even if there's no grieve parties,
even if there's no complaints, and you know, hey, if
(14:47):
you don't donate millions to my campaign, we're gonna unravel
these deals after the fact. It's absolute insanity. It's dystopian lunacy.
Speaker 1 (14:58):
Gone between the business environment that you just talked about.
Many people are talking about this now, business people, people
who aren't part of Trump's campaign, Hey, why would I
do business there? Between the crime We just had a
thirty one year old NYPD cop, father of a young
baby husband gunned down.
Speaker 2 (15:14):
Freaking awful, freaking sad. Between with all the stuff.
Speaker 1 (15:17):
Going on, it's wild to watch America divide the way
it is. Meaning the blue areas are just turning into hell.
And I love New York City. Don Every time I go,
it puts a smile on my face.
Speaker 2 (15:27):
I adore that town. And every time I go, I
watch it go down and down and down.
Speaker 1 (15:32):
I'm stepping over Hobo p It's just a disgusting disaster
every time I go there now, and the country's turning
into wonderful places and dumps and it sucks.
Speaker 5 (15:44):
Yeah. Listen, hey, I my father changed the skyline of
New York. It was my home for forty something years,
and you know, I moved to Florida, and literally, if
you told me I could never go back to New
York City again, like as my home for forty three years,
whatever it was, I'm fine. I could care less. That's
how bad it's gotten. I know people, successful people, they're
(16:05):
literally even men, they're afraid to commute back into New
York for the suburbs because running through you know, Grand
Central or Penn Station, it's like running the gauntlet with
your life at this point. These are not like wallflower
people that are afraid. I know, you know women corporate
lawyers that they literally have to now travel in packs
commuting into the city because they're afraid to do it themselves.
(16:28):
This is a place that even twenty years ago, when
I was younger going out and go out the four
o'clock in the morning, you wouldn't think twice about getting
on the subway to go home, even if you maybe
a little tipsy like. It's the fact that they can
allow this to happen in these areas that you see it,
that you see the policies. They can attack police officers,
they can beat the hell out of them, They're released
within minutes without bail. There are right, it is. It
(16:51):
is insane, Jesse. I wake up so many mornings and
I'm waiting for like a TV camera and to fall
out of my ceiling that I'm just the star of
the Truman Show and I'm being punked, because there's no
way this could be happening in any state in America,
or the United States of America, or any part of
civilized society at this point. And yet here we are.
Speaker 1 (17:14):
Another place we are is we're being embarrassed on the
world stage. And now countries that I don't want to
say worked for us, but certainly are not our equal
now feel comfortable lecturing us on camera. I'm sure you
saw this. Here was Mexico's president.
Speaker 9 (17:31):
With the ear of the White House. President Lopez Obrador
proposed his fix that the United States commit twenty billion
dollars a year to poor countries in Latin America and
the Caribbean, lift sanctions on Venezuela and the Cuban and
vargo and legalize millions of law abiding Mexicans living in
the US. If they don't do the things that you've
(17:53):
said need to be done, then what.
Speaker 10 (17:55):
Bomb the flow of migrants?
Speaker 2 (17:59):
We'll continue you. Yeah, don that's where we are now.
Speaker 1 (18:03):
Mexico pushes us around like we're the nerd in high school.
Speaker 5 (18:07):
Yeah. I did a whole thing on my Triggered podcast
on Rumble on Monday. I guess on this one. I
mean we are being extorted on a world stage by Mexico.
Mexico is bullying us. I mean we went from remain
in Mexico where my father with a couple of tariffs.
All of a sudden, they're marching to whatever our tune was.
And let's not make mistakes. We should control all the
(18:31):
power in this relationship, whether it's economically or otherwise. But
these people watch America exuding weakness under Joe Biden, under
Democrat policies. They see a guy that can't stay awake
during a meeting. They see a guy that gets lost
on a world stage. This is the nature of predation, Jesse.
Predators watch the week and when they see that weakness,
(18:55):
they pounce. Mexico is beating us around like a schoolyard bully.
It is unfashionable. How we change this quickly in three years?
But again, this isn't just Joe Biden, this is Democrat policy.
Joe Biden is doing everything that Democrats want. We're being
overrun at our borders where America lasts. Of course, it'll
(19:17):
ask us for twenty billion dollars. We're throwing around one
hundred and fifty to Ukraine without an articulation of what
our goals even are. You know, it's like Oprah's, like
book Club. You get billion, you get billions, you get billions.
Of course they're gonna ask for it. By the way,
if I was the president of Mexico, I'd be asking
it too, because they'd probably get it. Here, what's twenty
billion dollars between friends? And if you don't, we're gonna
(19:39):
send you our dregs of society. We're gonna send you
our rapists, our criminals. You know, they'll have fun in
your beautiful suburban neighborhoods. And one day, baby, just maybe
suburban housewives will wake up and stop using the woke
garbage that I guess they view as you know their
social credit system and start actually thinking about the safety
and well being of their children, their loved ones, and
(20:02):
their neighborhoods, because that part of America is going to
be gone if this continues for much longer.
Speaker 1 (20:09):
Don wrapping this up, I don't think a lot of
people understand the importance of personal interaction, including with leaders
of nations.
Speaker 2 (20:19):
You know, you brought up Joe Biden and.
Speaker 1 (20:20):
Sleepy and everyone can see that his brain is melting
into tapioca pudding. That stuff matters a lot, especially when
you're dealing with business leaders, world leaders. It's not a
small thing that they look at our president and they
see him as soft.
Speaker 5 (20:35):
No it's not. And listen, hey, one of the you
know the criticisms I sort of even had sometimes off
my father was like I'm like, hey, like Dad, like
you actually I've seen it for forty years in businesses
and the gay way he treated his employees, and I mean, like,
you have a lot of empathy, like get you got
to show that more often. That's a political asset, not
a liability. But you know, he had that sort of
old school mindset of hey, man, if I'm dealing with
(20:58):
g if I'm dealing with North Korea. If I'm dealing
with these animals around the world, like they got to
see this side, there's no other. And so you know,
perhaps what allowed him to get you know, peaced in
the Middle East and keep those guys in check is
actually a political liability at home because of that same
suburban houseold I don't like his attitude. Well, that attitude
(21:19):
kept us out of wars, that attitude kept us safe,
That attitude stopped invasions, that attitude stopped the people from
directly screwing with the United States, and like, you can't
have everything that you want sometimes, so hopefully people finally
realize that as the pendulum has sort of overcorrected so
far that like I can't actually even make sense of
(21:40):
like the Democrat Party platform, the things that they care about,
that things that are their hills to die on are
it's like a caricature out of like a Saturday Night
Live skit back when it was still funny. It's mind blowing.
Speaker 2 (21:53):
It is.
Speaker 1 (21:54):
It's like we're on totally different planets. Dog my brother,
I know you're busy. I appreciate you very much. Yeah,
all right, Jack Kisoba. You know it's about communists communism.
It's gonna join us next. He's got a new book out,
should be pretty good. We'll talk to Jack. Before we
talk to Jack, all these nutballs. You know, money here,
(22:14):
money for Mexico, money for Ukraine.
Speaker 2 (22:16):
But where does that leave us?
Speaker 1 (22:19):
Well, you know where it leaves us. There's nothing for you.
It's nothing for you but inflation. That's what we get.
I get inflation. So what do we do about that? Well,
you have to do something. Can't just hope for the best.
Hope is not a plan. Make preparations. Oxford Gold Group
is preparations. That's what it is. It's you making preparations,
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Speaker 2 (23:00):
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Speaker 1 (23:03):
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Speaker 2 (23:19):
All right, we'll be back.
Speaker 1 (23:30):
Well, we've talked about it many, many times. It's been
written about many times. Sultsanitsen described communists as the enemies
of humanity. He was constantly referring to them as the
enemies of humanity.
Speaker 2 (23:42):
But why that's kind of a That's a bold.
Speaker 1 (23:45):
Statement, isn't it. Let's ask Jack about it. He wrote
a book, an outstanding one called Unhumans, The Secret History
of Communist Revolutions. Joining me now is the man who
wrote it, Jack Bisova, Jack, Unhuman that's pretty drastic.
Speaker 2 (24:01):
Why would you say such a thing.
Speaker 10 (24:03):
No, it's it's it's amazing.
Speaker 8 (24:04):
I mean, there's so many of these great, uh, you know,
communist books out there. No one, no one's really written one,
you know, lately, So I figured that I would and
you know this this uh yeah, look the reason we
we we decided to use this title Unhumans. And you
know the cover, it's it's very very eye catching. Is
is this idea that for some reason we have in
(24:28):
the West not given communism? As you know, the same
amount of I would say equal treatment that it deserves.
This should be considered one of the most disgusting and
it is the most disgusting ideology that has ever putrefied
forth from Central Europe, and it is responsible for more
depths than any other ideology in human history. And so
(24:52):
when we say unhumans, that is because it's exactly what
the people that are behind it, the people that are
behind these communist revolutions.
Speaker 10 (25:00):
We go through this in the book, going all.
Speaker 8 (25:01):
The way back to the proto communist revolutions like the
Roman Civil War and the French Revolution, all the way
up to Russia and Spain and China and even things
that we're seeing today.
Speaker 10 (25:13):
Is they have embraced unhumanity.
Speaker 8 (25:16):
They have, by their own actions, by their own words,
by their own deeds, embraced a form of governance, in
a form of policy whenever they take power where they
stand entirely opposed to humanity itself. And that is why,
that is why they have declared themselves and they have
labeled themselves unhuman.
Speaker 6 (25:39):
Chack.
Speaker 1 (25:39):
Why a lot of people they can't wrap their minds
around this. They themselves are human beings, flesh and blood,
just like you and me, I mean, they're a lot uglier,
but their flesh and blood. Why would a human be
against humanity? Wolves aren't against wolves. It doesn't make sense.
Why are they like this?
Speaker 8 (25:57):
So the reason is based in envy, and based greed
and based in avarice. And so there's there's a typical
belief that let's say, you know, let's say you're from
the wrong side of the tracks. Let's say you're from
a neighborhood that's covered in graffiti and you you look
on the other side of the town, you look the
other side of your town, and you see this, this
house up on the hill, and it's a mansion.
Speaker 10 (26:15):
Some billionaire and you know lives there.
Speaker 8 (26:18):
Not even a billionaire, it's just a you know, some
upper middle class person. Usually it is an upper middle
class person. It's the target. And instead of saying right,
instead of saying, gosh, I wish I lived in a
house like that.
Speaker 10 (26:28):
Maybe I can make my neighborhood better.
Speaker 8 (26:30):
Maybe I can do something to improve my community, to
improve my lot. Maybe I can, you know, get a
better job or get an education so that I can
you know that I can be more successful, my family
can be more successful. I can pull myself up there
are those who, rather than believe that, they would rather
go into that home and into that house and kill
(26:51):
the people who live inside and steal everything they have
and rob them of everything that they have, and then
would want to continue in doing that and saying, you know,
it's it's not actually my fault that I'm a loser
in life. It's not my fault that I am a
loser in careers or in love, or in relationships and family,
et cetera. It's their fault because they're the oppressors, and
(27:12):
those oppressors are going to get what's coming to them.
So it's a political ideology built in envy, and when
you take it to its final form, this is always
how it ends, mass graves and piles of skulls.
Speaker 1 (27:28):
You said very accurately that the average American doesn't learn
about this stuff in schools.
Speaker 2 (27:34):
They just do not.
Speaker 1 (27:35):
The truth is that Mao is not nearly as hated
as Hitler, even though Mao killed several times more than
Natolf Hitler ever could both bad guys.
Speaker 2 (27:45):
Why do we all hate Hitler and not Mao? Why
is this not part of the American curriculum?
Speaker 8 (27:51):
Jack, You know, it's really amazing because you know I,
and I say this as a guy who spent years
living in China, and I would go over there and
I said, boy, this is really interesting the Chinese companies party.
Speaker 10 (28:01):
I want to learn more about them.
Speaker 8 (28:03):
And then I'd go and read Chinese sources and of
course it's all pro CCP. But then I said, okay,
well let's go read some American sources, and then that
was also pro CCP. I'm like, wait a minute, these
guys are the comedies.
Speaker 10 (28:14):
What's going on here?
Speaker 8 (28:15):
And unfortunately what we have and this goes into the
Spanish Civil War as well. We have a situation where
people say that the.
Speaker 10 (28:22):
Victor always writes history. Our history is written by the victors.
Speaker 8 (28:26):
But in this case, history is written by the losers,
and history is written by people who rather than tell
the truth about what went on, they're all fellow travelers.
You get people like Walter Duranti in Soviet Russia. You
get people like Edgar snow red Star over China who
are actually supportive of these movements, supportive of the collectivization
(28:48):
and land reform and killing the landowners and killing the coolocks,
and so they will write these things and cover up
the famines they'll cover up the hollow doomer, They'll cover
up all of the atrocities that are going on because
guess what they actually believe the same thing.
Speaker 5 (29:06):
Jack.
Speaker 1 (29:08):
Is the right equipped to fight these people because it's here,
as you know, you talk about it all the time.
Speaker 2 (29:12):
Are we ready? Why aren't we ready?
Speaker 10 (29:14):
No?
Speaker 8 (29:15):
No, So the right would spend much rather spend much
more time, and we talk about this a ton in unhumans.
The right would rather spend more time arguing about equal
treatment and saying, oh, we're not being treated fairly and
the standards are double standards, and pointing out hypocrisy and
thinking that you can use facts and logic to debate
communists when in reality what's going on is that only
(29:38):
works if you're dealing with people who are operating in
good faith. And so so many conservatives can't actually wrap
their minds around the fact that there could be people
that are so far left and so far gone that
they want to deny the human rights of others. And
if you're denying the human rights of others, by the way,
then you are in fact becoming unhuman.
Speaker 10 (29:56):
That's exactly what the textbook definition of the term is.
Speaker 8 (30:00):
And so the right would rather sit there and think, well,
these are just you know, people have good intentions, but
these are unintended consequences, and we need to explain that
to people. And I turned around and say, no, these
are not the unintended consequences. These are exactly the deliberate consequences.
The mass migration at the border, letting criminals and rapists
into our country, going and mutilating the genitals of children.
(30:23):
You think this is all happening unintentionally. You think this
isn't some plan to actually destroy our country and destabilize
us and tear America from the foundation of what is. No,
this has been every revelation the squatters.
Speaker 10 (30:36):
The squatters in New York City.
Speaker 8 (30:37):
Is the perfect example, perfect textbook example of communism. They say,
we're going to come in and we are going to
take your property from you, your very homes, throw you out,
bring in people who are poor or people who just
say they want to be in there, and we're going
to give the homes to them.
Speaker 10 (30:52):
And if you have a problem with it, you are
going to be arrested. And I say, you know what, people.
Speaker 8 (30:56):
Will say, oh my gosh, this is unbelievable, this is unprecedented.
And I say oh no, no, no, because this has
been going on for over one hundred years, time and
time again.
Speaker 10 (31:07):
This is what they do. This is what they always do.
Speaker 8 (31:10):
And if you want to understand that, you've got to
get on humans.
Speaker 1 (31:16):
Don't pick it up. The book is unhumans. Jack, my brother,
I appreciate you as always, my man. All right, Bridge
went down? What's it mean for us?
Speaker 2 (31:26):
For you and me?
Speaker 1 (31:26):
Doesn't mean anything? Should we care talk about that? Let's
talk about what Jack just brought up.
Speaker 2 (31:31):
Crime.
Speaker 1 (31:32):
They're just coming over the border. Murderers, rapists, drugs, thowtful.
It's terrible. It's the way we live in now. You
have to look suspiciously all the time. You have to
have something on you that will allow you to stop
a bad man. There is a man who lives in
your area right now who is looking for prey.
Speaker 2 (31:54):
He's lived a life of violence his entire life.
Speaker 1 (31:58):
If he runs into your daughter at the gas station tonight,
can she stop him from hurting her?
Speaker 2 (32:03):
Can you?
Speaker 1 (32:04):
That's what burna is about. These are non lethal pistol launchers.
I carry lethal and non lethal. Even gun owners like me,
a non lethal option is necessary. They shoot pepper balls
or tear gas balls. They're legal in all fifty states.
No permits needed, no background checks needed. This is the
thing that swat teams are using. It will stop a
(32:27):
bad man, just this pepper cloud and brutal up to
forty minutes. He's out. You're free and alive. Go to
Berna dot com slash Jesse and get one for yourself
and your daughter. Berna dot com slash Jesse.
Speaker 2 (32:42):
We'll be back.
Speaker 11 (32:51):
Over thirty thousand vehicles across the Franciscotkree Bridge on a
daily basis as virtually who knows what important elness for
the economy in the northeast.
Speaker 1 (33:03):
Well, I don't like to break the future, but I'd
be willing to bet that John Carney has a little
bit more of an elaborate explanation on the bridge in the.
Speaker 2 (33:11):
Port and what it means.
Speaker 1 (33:13):
Joining me now, Bright Barton News's Finance and economics editor,
John Carney.
Speaker 2 (33:18):
Okay, John, we'll.
Speaker 1 (33:18):
Set that explanation aside for the time being, and let's
deal with first of all, the port itself.
Speaker 2 (33:25):
It's down.
Speaker 1 (33:26):
It's going to be down for a while, especially now
that the government's involved. We know that what does that
mean for us, for Baltimore, for the country.
Speaker 2 (33:33):
Does it matter?
Speaker 6 (33:35):
It does matter. Remember a couple of years ago when
we had all of those ports on the West coast
backed up, when we had ships waiting out at sea.
We're having a miniature version right right now. Outside of Baltimore. Obviously,
nothing can get in. Those ships will be redirected to
other East Coast ships. But there are other East Coast ports,
(33:56):
but there's not a lot of extra capacity at any
of those ports. So that will mean that we will
get a backup into those ports as well. Over time,
people will start to shift away from the East coast
ports to the West coast ports. Remember the Red Sea
is still tied up because of the Huti attacks, so
(34:16):
things that might come through the Red Sea are now
going around the Horn of Africa Now they get jammed
up in the East coast ports. So a lot of
stuff will come across the Pacific that will jam up
the West coast ports. So what we will see, unless
this gets cleared up very quickly, which I do not
believe it will, is port traffic jams, congestion cascading across
(34:37):
the all of the American ports East and West coast,
and that will cause backups. We're going to have supply shortages, scarcities,
and frankly, probably some additional inflation pressures because of what
we're what happened in Baltimore.
Speaker 1 (34:55):
Okay, let's nail down on that, because that's actually exactly
where I was going with this.
Speaker 2 (34:59):
Let's deal with the scarcities. First.
Speaker 1 (35:02):
Scarcities for what should I be buying? Toilet paper?
Speaker 10 (35:06):
Yeah?
Speaker 6 (35:06):
Well, so one of the lessons from the pandemic, right
is who knows, right, we just run out of random
stuff all of a sudden, maybe it's toilet paper. A
lot of cars come through that port, so there will
be a problem, probably shortages of cars. What that does
is not just push up the price of imported cars,
but also pushes up the price of used cars because
when you can't get a new car, people turn to
(35:28):
the used car market. So we're going to see some
problems with that. It is, but just a lot of Amazon.
Amazon is a major shipping hub right there in that
Baltimore port, so a lot of goods people ordered from
Amazon actually come through Baltimore. And so what we're going
to see is delays in that and so I'm not
(35:49):
sure we can predict exactly what we won't be able
to get our hands on. But I can predict that
it will become more difficult for probably a bunch of
stuff that nobody expects. You'll go into a store and say, wait,
why is that shelf empty? Again? Flashbacks to twenty twenty.
Speaker 2 (36:08):
Okay, so why inflationary? A port going down doesn't print money?
How does that come? Well?
Speaker 6 (36:13):
Remember, one, the port going down is going to print
money because we just had Biden tell us that the
federal government is going to have to pay for all
of this, so they are going to be printing money.
It is going to ramp up demand. But even without that,
when you have a supply shock. Remember when what inflation
(36:36):
is is it's when demand outstrips supply. When you have
a supply shock, that can create inflation. Even without printing
more money, you just have the same amount of money
chasing fewer goods. So we're adding to that the demand shock,
which is it will take a lot of labor and
a lot of materials just to clear the port. Then
(36:57):
you start to think about what we need to do
to rebuild the bridge. This thing cost one hundred and
forty one million dollars in nineteen seventy seven. I'm going
to just say that it's going to cost ten times
that much at least to rebuild in twenty twenty four.
Speaker 1 (37:17):
Yeah, I was doing the inflationary math in my head
on what that meant for today. Okay, John, I'm going
to ask a stupid question, and you might not even
be the one to ask it, but I'm going to
ask it because I was thinking about it as we
were looking at that video on there and the bridge
was in the water and whatnot.
Speaker 2 (37:31):
Okay, the bridge went down. It's sad, it's bad. I
realized that, praying for all the lost families. But the
bridge went down. The port didn't go down. The bridge
went down.
Speaker 1 (37:43):
Why does the port have to shut down for months
or a year because there's no bridge. Unless I'm mistaken,
the cargo ships weren't taking the bridge, right.
Speaker 6 (37:52):
No, that's a very good question. Actually, it goes back
to the to the decision back in the nineteen seventies
to build a bridge across the Baltimore Harbor. That may
not have been the best idea. Originally they wanted to
build a tunnel across the Baltimore Harbor so that the
ships could just go over it. Instead we built a bridge.
The channel runs under the bridge. You have to take
(38:15):
a very narrow pathway to successfully get through that channel.
It brings you quite close to the bridge itself. This
ship was not that far off of where it needed
to be when it hit the bridge, and so there
has always been a risk. Now these are very carefully monitored,
very carefully controlled, so it hasn't happened. This bridge has
(38:36):
been standing there, operating since nineteen seventy seven. But this
bridge blocks the port. Ships cannot get to where they
need to go to unload. There are a few ports
loading bays in front of the bridge, so some stuff
will be able to get in and out of the port,
(38:56):
but basically they're going to have to close it down.
They're going to have to re dredge the channel, They're
going to have to pull all of that steel and
cement out of the channels. I've heard some people say
that they think it could be reopened to a matter
of days. That doesn't strike me as realistic. I think
we're talking weeks, months, maybe longer, because it is a
(39:19):
major operation to get in there, pull all of that
stuff out, make sure that the channel is deep enough. Remember,
these giant ships require a pretty deep channel to get
in and out of there.
Speaker 10 (39:31):
You can't.
Speaker 2 (39:31):
You know, it's not just like you.
Speaker 6 (39:33):
And I going kayaking in an afternoon and we can
do it in a brook. These things have to be
at least fifty feet deep to just get through, So
you not only have to get everything out of there,
you have to make sure the channel is still deep
enough after all of this stuff has fallen into it.
Speaker 1 (39:50):
John, I heard that margins in shipping are actually small.
People think they're huge because you have all these goods
and services, and you're moving this vast quantity of wealth
essentially across oceans, and surely there just must be billions
and trillions at steak here. But that's not the case.
Why are margins so small in shipping?
Speaker 6 (40:12):
Actually, usually shipping loses money. One of the reasons there
aren't public companies that exist, Like, why can't you buy
stocking most shipping companies, Well, the answer is because they
usually lose money. They make money every ten years when
there is some big problem that actually makes some of
the ships, you know, something like a catastrophe or a
(40:35):
you know, the pandemic for instance, was a profitable period
because they're just there weren't enough ships to get all
the goods across, and so they get profitable every ten
years and try to make up for all of the
money they lost over the previous ten years. It is
not a very stable business. It is one that is
usually unprofitable. It is profitable almost only when there are
(40:57):
big catastrophes that happen. And one of the reasons for
that is it is just very expensive to fuel and
maintain and then control one of these giant ships. It
is not a you know, inexpensive endeavor. And frankly, it's
never really been inexpensive to do transotion shipping. We actually
(41:19):
invented modern corporations the idea of limited liability because shipping
was such a risky and expensive venture that nobody would
even do it if they were actually going to be
liable for all the damages that could be done from
a sunken ship. So we invented, you know, the modern
corporation basically to allow people to take the risks that
(41:41):
are involved with transotion shipping.
Speaker 1 (41:45):
Okay, let's let's talk about the FED, the rates, the inflation.
This isn't going to have any effect on potential rate cuts, right,
Are we going to get rate cuts sometime soon?
Speaker 6 (41:57):
No, we're not going to get rate cuts. This four
closes rate cuts. I think that one of the things
that has happened is again the Fed wants to cut
rates really badly. They are itching to cut rates, but
what they need to see is they need almost an
opportunity to cut rates. This is going to take away
that opportunity because of the inflation shock, both on the
(42:21):
supply side and on the demand side. They're going to
see prices going up for goods, for fuel, for services,
for labor, and so they are not going to be
able to cut rates this year. Maybe they'll be maybe,
you know, maybe next year. I don't know. But frankly,
this bridge project, rebuilding the bridge some people. I think
(42:42):
people are really underestimating how much it's going to cost
and how long it's going to take. People think, oh,
it'll be done, you know, in a year or two.
I think we're looking at five, seven, ten years. I mean, Jesse,
you and I might be here, you know, fifteen years
from now talking about how the bridge still isn't built.
Speaker 2 (43:03):
Now.
Speaker 1 (43:04):
I think it'll be a lot faster and more cost
efficient than that. John, After all, the government is involved.
I have nothing but total confidence, all right, John, John,
be good, my brother all right, it's time for Light
in the Mood. I don't like cats, but this one
impressed me. Hang on, I don't like cats. Let me clarify.
(43:34):
We're about to do a light in the mood and
it's going to involve a cat. And I have this
weird thing about cats and that I don't want to
own one. Just not a cat guy. But I admire them.
They like big ones, small ones. They really are amazing creatures.
The things they're able to do. This cat took on
(43:54):
a cobra. Things are amazing.
Speaker 2 (44:24):
All right, I see
Host
Jesse Kelly
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