March 13, 2025 • 32 mins
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
It's that time time time, time, Luck and load. Michael
Very show is on the air. Where is my automobile? Automobile?
(00:25):
Like Big.
Speaker 2 (00:33):
Talks about some of the violence that's been going on
around the country dealerships.
Speaker 1 (00:36):
Some say they should be labeled domestic terraces. I will
do that. I'll do it. I'm gonna stop up.
Speaker 3 (00:41):
We catch anybody doing it because they're harming a.
Speaker 1 (00:44):
Great American company. Let me tell you.
Speaker 3 (00:46):
You do it to Tesla, and you do it to
any company, we're gonna catch you, and you're gonna go
through a help.
Speaker 2 (00:52):
Co.
Speaker 4 (01:02):
Then you also overnight have this postclaiming that protests Tesla
dealerships are illegal. He said today he would label violence
against dealerships domestic terrorism. So just to be clear, you
protest a private company, you are labeled by this administration
and domestic terrorists.
Speaker 5 (01:34):
Agree.
Speaker 2 (01:34):
Because as a Republican strategist, you wouldn't have advised him
to go.
Speaker 3 (01:37):
In front of the White House drive a Tesla White
Wild because.
Speaker 1 (01:41):
Of course I would have.
Speaker 3 (01:42):
You know why, because if I were advising Republican president,
I would say, let's support American companies that have thousands
of American workers. There was a vast understanding in the
eighties that money was flowing into real estate, real estate
(02:04):
investing that was all driven by taxes. Tax policy can
incentivize or disincentivize any industry, and it happens every day.
So I have a friend who started as a show
(02:24):
sponsor and became a good friend. His name is Tilman Holloway,
and Tillman's a bit of a quirk because Tillman Tilman
was a homeschooled kid in Colorado who was blessed with
amazing jeans to play football or hockey, the two sports
at which he excelled. Tilman sixty four and graduated high
(02:48):
school at twoint eighty and played as a senior at
the University of Texas as an offensive lineman. At three
forty two. Three forty two is a big lineman in
the NFL today. This was twenty five years ago. So
this guy in rapid speed, I mean lightning quick and
(03:12):
for a pulling guard, if you know football, for a
pulling guard in an offense, in a college football offense
in two thousand and two, thousand and one, two thousand
and two, when you had Vince Young and before that,
chance Mock and you've got you've got a pulling guard
coming around the corner to hit an edge rusher.
Speaker 1 (03:35):
An edge rusher is going to.
Speaker 3 (03:36):
Slow his role a little, coming back, coming in to
try to hit the quarterback when he's got a boy
this big about to hit him. Well, you don't figure
a guy that's an offensive lineman is going to.
Speaker 1 (03:49):
Be very smart.
Speaker 3 (03:51):
But he graduated with high honors from the University of
Texas Business School, which is no cakewalk. Business school's tough
to get into and it's tough to get out of,
especially competitive with such high grades. So Tilman his grandfather,
some of you will remember the name Bud McFadden. He
wore number sixty one at the University of Texas, just
(04:12):
as his grandfather did before him. Bud mc fadden went
on to the pros NFL Hall of Famer, a bit
of a superstar himself. Well, Tilman went to the combine
but chose entrepreneurism and he got into bitmining before anybody
knew what that was. He was in the very early
(04:33):
days of this and he's got a finance in a
number's brain. But we were having a long conversation yesterday.
He owns a company. It's a software company that he
designed it's not the first company or the last company
he's ever created, but it's called Archarcchpublic dot com. And
what it is is this amazing software that allows bitcoin
(04:55):
investors to It's an algorithm. It allows you can It's
sort of like people that are day traders. If you're
a day trader. I've got a buddy, Eyke Claypool. He's
a day trader. He is locked into his computer from
when the market opens to when the market closes, and
he's got stop losses and all these things. But he
can't be away from his computer. He can't because he
(05:16):
might lose what he's made all day, or he might
miss an opportunity to make what he's made all week. Well,
what my buddy's business does, what his software does.
Speaker 1 (05:28):
Is you you you.
Speaker 3 (05:30):
Get this software and it's buying on the dips and
selling on the highs. That's you're setting this algorithm. And
you've got companies now that are coming to him and
putting part of their money in bitcoin. Tesla is very,
very heavily invested in bitcoin. I think they're the largest
private holder of bitcoin. I could be wrong, but what
(05:52):
you're seeing now is companies with inflation being what it
is what is it nine percent? But Tillman believes inflation
is actually much higher than that, up to seventeen percent.
And the reason is there are a lot of dollars
being pumped into the economy. And we know Milton Friedman
told us inflation is when you put too much money
into the economy and it's not reflected in output. So
(06:13):
now you devalue the cash currency. Well, they're not counting
all these petro dollars in all these ways. Government is
pushing money into the economy off balance book, so you
know that things cost anecdotally. Every housewife understands, I know
what I paid for eggs, and I know what I'm
paying now. I know what I paid for bread, and
(06:34):
I know what I'm paying now. And housewives are guarding
that budget. They're guarding it heavily. So my buddy Tilman
tells me Archpublic dot com is getting all this interest
now from businesses who are wanting to put part of
their cash reserves where you're seeing, you know, the cash
you have is being devalued every day. They're putting it
(06:55):
now into bitcoin through this website. And the reason is
a very simple tax change. Bitcoin can now be booked
on your ledger as an asset instead of a liability.
That simple little change that Trump ushered in means that
companies are changing their entire way they invest their reserves
(07:20):
because nobody wants a bunch of cash laying around in
the bank. Because for ever one hundred dollars in cash
you had laying around the bank a year from now,
it's only worth ninety one. And that's not prudent stewardship
as a fiduciary of your shareholder's money. So he's seeing
a huge cash influx into his bitcoin purchases.
Speaker 1 (07:38):
He doesn't, it's not his bitcoin, and he's the software.
So he was showing me on archpublic dot com how
this is working.
Speaker 3 (07:45):
This is little ways tax policy drives economic decisions.
Speaker 2 (07:49):
You Michael Berry from the soundtrack A Walk on the Moon.
Speaker 3 (08:00):
That is Elijah sky Blue Almon. Because famous people have
to give their kids stupid names. Elijah sky Blue Almond
is known professionally as p Exeter Blue, which is short
for Phillips Exeter the School Blue. But interesting note because
(08:26):
I'm sure we have a fair number of Alman Brothers
fans in our community. Elijah sky Blue Almond is the
son of singer chaer, you don't have to tell me,
I know.
Speaker 1 (08:37):
Her politics are awful.
Speaker 3 (08:38):
It's like it becomes a spastic response, Hey, you know
our politics are awful.
Speaker 1 (08:43):
Yeah.
Speaker 3 (08:43):
Fact is, most of those people's politics are awful. And
the reason is they don't know any real people. If
you don't know any real people and you live in
a bubble, you don't understand anything about anything.
Speaker 1 (09:00):
That's why so.
Speaker 3 (09:01):
Many uber wealthy people support bad politics is because they
don't understand how policy laws affect the working class. So
what happens with the uber wealthy the one hundred million
and up is twofold number one. They feel guilty they've
(09:26):
made all this money, so they think that, you know,
when the French Revolution comes and the heads are being chopped,
they think that they'll be able to stay the execution
by being able to say, remember, I'm one of the
good rich ones. Right, This is the white liberal mentality.
I'm one of the good white ones. So when the
(09:47):
race war that they are encouraging comes, they'll be saved,
you know, cecil roads here. And so you get these
uber wealthy people who support really stud socialist policies because
it makes them feel good about themselves. Well, hell if
you're so determined that the poor people have more money,
(10:12):
not the working poor. They don't like the working poor.
They resent the working poor. They like the poor, the needy,
the pitiful. The welfare queen makes them feel good about themselves,
no bless abliege. So these people, if they wanted to
share their massive wealth, they could, you know, on your
income tax form, there's actually a line at the end
(10:34):
where you can donate as much as you want to
the government. And they never do. They never do because
they don't really care. They just give lip service to it.
And the only charitable contribution they ever make is something
they can get credit for because their tax advisor has
told them it's about at your level. It's about the
(10:55):
same whether you do it or not. And at least we'll
get some good credit out of this. So back to
the bitcoin conversation. Companies have started tesla, among them putting
money into bitcoin as an anti inflationary move, but also
because the tax change makes it more profitable. That's true
(11:21):
at Archpublic dot Com, that's true at Gemini the Exchange,
that's true for anyone else in the bitcoin space. I
just happen to know the Archpublic dot Com stuff because
the founder is a good friend of mine. But you're
seeing activity in bitcoin, and there's a real and it
is tax driven activity. Real estate investing apartments particularly saw
(11:48):
a huge boon back when real when limited partnerships for
real estate were a tax shelter. You would see businesses
that we're building more apartment units and investing in apartment
units that were losing money, but it was a tax shelter.
Speaker 1 (12:11):
What I'm saying is.
Speaker 3 (12:13):
Our economy has artificial incentives and disincentives so that it's
no longer.
Speaker 1 (12:22):
If you go back to the state of nature. The
baker bakes bread that people want to eat. The gardener,
the farmer he.
Speaker 3 (12:31):
Raises, grows vegetables and fruits, the rancher he brings his
cattle to town, and they all trade based on how
much people want of what these people have. But once
you start subsidizing industries and taxing other industries, you start
altering the behavior anybody ever stop and think about the
(12:55):
fact that so many innovations in industry come out of
independent startups and almost never from big companies. You know
what big companies do because big companies become a financial instrument,
not an operations juggernaut.
Speaker 1 (13:13):
So you know what they do.
Speaker 3 (13:16):
They hire guys to go out and find small startups
in people's garages that have a new technology of the future,
and they go in and gobble them up.
Speaker 1 (13:25):
That's what they do.
Speaker 3 (13:27):
Because innovation doesn't come from the old line company, because
the old line companies become bogged down with legal accounting
and tax folks and not geniuses, the Elon Musks, the
Steve Jobs. You don't find them in big companies. You're
(13:50):
not getting the best and brightest because big companies look
more like the government than they do the startups and
the truly entrepreneurial companies and the sequoias in all of
these platforms for private equity. They're not looking to put
private equity in big companies. It costs too much and
returns too little. You got the stock market for that
(14:12):
bet on futures. But if you're looking for the next
big thing, whatever that may be, you're looking in the
independent guys because they're out there with a concept that
they're trying to develop to We talked about it earlier.
Solve a problem, and when you're trying to solve problems
(14:35):
instead of trying to maximize tax benefits or subsidies, from
the government. You're going to create very different solutions to problems.
And look, this is what has dulled the edge of
American pharmaceuticals is chasing subsidies.
Speaker 1 (14:58):
Let's be honest.
Speaker 3 (15:00):
You saw the stock increase in Pfizer in Johnson and
Johnson in Maderna during COVID.
Speaker 1 (15:09):
Do you think they created anything new under the sun?
Speaker 3 (15:13):
I mean it was poison if you asked me. But
they weren't creating great products. They were making more money
because government was mandating it and paying for it. That's
not innovation.
Speaker 1 (15:24):
The love budd stem Joe has been race driver Michael
Berry Funny.
Speaker 3 (15:31):
Duck, King of Dean suggested for general audiences enough you
felt very clever because you were able to steer the
conversation away with a distraction like should we stop and
get some ice cream? And your kid didn't go, Dan,
(15:53):
I'm trying to ask where babies are from.
Speaker 1 (15:57):
Yeah, I was thinking we haven't had ice hum in
a while. Oh okay, Well.
Speaker 3 (16:05):
That's actually what's happening in America, and it's about that
simplistic We should be talking about policies of our government
first and foremost, fiscal policy, taxation, monetary policy. You know,
(16:27):
you got people, good people, decent people who get up
early every morning bust there. But whether that's running the
household or working at a business, or driving a truck,
or arresting bad guys or fighting fires or running a
small business or any number of other things, and they're
(16:50):
eching out a living. Can never get ahead. And what
frustrates me is when it comes to time, there is
so much of their inability to get ahead is because
they don't get to keep what they make. A big
(17:14):
portion of what they make is taken and given to
other people, whether that's the company stealing it on the
way to Ukraine or the Middle East, or agriculture subsidies
or welfare, or a bloated government, which in and of
itself is theft. It's gross inefficiency and inefficiency is on
(17:41):
American You know, one of the great frustrations when you
travel to third world countries is how your time is
not respected. You're left waiting in line because they don't
have enough people behind the counter to get you through
immigration or customs or any number of other things. That
(18:03):
is antithetical to the American mindset. I mean, what pisses
you off worse when you go to a store and
they don't have enough checkers. You know, you're leaving the
grocery store and they don't have enough lanes for you.
Speaker 1 (18:19):
So what ended up happening. They ended up doing.
Speaker 3 (18:22):
The check yourself out because then at least you're active,
you don't notice. And if you're the person like me
who you're headed somewhere and the highway shuts down for
whatever inefficient reason because the cop has no reason to
push people through because he's stuck there anyway, And you
(18:42):
look at your phone and you see there's a side
road you can go, and you're still you're forty three
minutes from where you're supposed to be, and if you wait,
it's going to be forty three minutes given the algorithm
saying that they're going to clear the traffic at about
this time, or it can take you forty five minutes
(19:03):
on the back roads, but you'll be driving the whole time.
I'm going on the back road because I can't sit still.
I just can't do it. Waste drives me crazy. And
that's what thrills me about DOGE is the idea that
we're going in and cleaning up the wasst. You know,
you have these shows Jim, what's the couple that real
(19:26):
cute with Joeanna Gaines and What's Chip in Waco? Where
they go into these ragtag houses and they transform them.
There's something about it's a resurrection, it's a renaissance. It's
you know, people love these TV shows about barn finds.
(19:47):
They're called and that is the holy grail of classic
car collecting. I'd love to find a barn find, but
I just don't have the time to go to go
do it. But I get emails from listeners and they
know I love this stuff, so they'll send me a picture. Michael,
Look at this Stewdibaker I just bought from. I don't
(20:07):
want to give the year, and I'll get the year wrong,
but look at this, you know, old Mustang or Chevy
or whatever.
Speaker 1 (20:14):
It's a fifty eight Chevy.
Speaker 3 (20:15):
I mean, can you believe it's mint conditions just under
a a you know, an inch of dust. I'm gonna
wipe this thing down. I'm gonna replace this and do
this and grind this.
Speaker 1 (20:24):
I man, I'm gonna have.
Speaker 3 (20:26):
The idea of making the old new again, the idea
of cleaning things up. I'm convinced that part of our
fascination with weight loss is not just that you quote
unquote look better, because throughout history it hasn't always been
a good.
Speaker 1 (20:45):
Thing to be skinny.
Speaker 3 (20:47):
In fact, being corpulent was a sign of wealth in
Europe until relatively recently. My mother, God bless her, would
still refer to fat women as healthy, healthy looking, because
she didn't want to hurtnybody's feels by saying somebody was fat,
So even though that person wasn't there, she says she
healthy looking, which was a nice way of saying she's fat.
(21:09):
And then she'd say, but you know she has a
really pretty face. Mom, How do you know that you
can't even see her face behind all that fat. Oh, Michael,
don't be mean. She might have a hormone condition. Yeah,
it's just just a very old This is a Southern
woman's way of saying nice things so stupid.
Speaker 5 (21:30):
If you fell in a barrel full of these, you'd
come out sucking your thumb. Boy, you're about as sharp
as a mashed potato. If brains were dynamite, you couldn't
blow your note. Well, you are one fry short of.
Speaker 1 (21:40):
A happy men.
Speaker 5 (21:40):
I mean, you got the iq of a fence poke.
You couldn't find your way out of a wet paper
bag with a flashlight in a mouth. You are dummer
in a box of rocks. You so slow, we'd take
you two hours to watch sixty minute Baby, your elevator
don't go all the way to the top, does it?
Your about as confused as a cow on tire faint.
You're a dummer and a sack of hammers, and about
half is useful. I hear about as sharp as a marble.
Speaker 3 (22:03):
So back to the point, the American people have been
so distracted, and we're not the only ones. This happens
around the world. There are actually professionals. Karl Rove is
one of them, but there are plenty more. James Carvel
is one of them who are very good at getting
you or your neighbors to focus on things that don't matter,
(22:27):
so you don't focus on things that do. So whether
it's bred in circuses, and there's a lot of that.
I mean the Democrats right now, and I hope they
keep this up. The Democrats have the women in Congress
who are doing little dance videos and they release them
and I'm sure they think it's very clever, and maybe
(22:49):
they have some of their core supporters who also think
it's very clever. But I think a lot of voters,
especially the women that they rely on, are out there going.
You know, times are tough, Times are real tough, and
instead of doing your job, you're up there making silly
(23:10):
dance videos. You're trying to send grown men into my
daughter's school, of my daughter's restroom. You weirdo. You're out
of touch with my values. If we can get ourselves
and our neighbors to focus on what matters, because it's
never going to be glamorous. Race is glamorous, sex is glamorous.
(23:35):
Personal identity maybe not glamorous, but people are attracted to it,
and people cast votes that are against their own financial, personal, professional,
family interests because very very smart people are able to talk.
Speaker 1 (23:50):
Them into doing it.
Speaker 2 (23:51):
Written to Michael Barrier.
Speaker 3 (23:57):
If you don't get our morning show where you are
not show, but we do an earlier show. We do
five hours a day, and our morning show is three
hours long and it doesn't air in as many markets
as this our evening show. But all of our shows
are posted on our podcast, which wherever you get your podcast, Spotify,
(24:17):
iHeart iTunes, you can hear our shows. There was a
woman who called in from Iowa and she homeschools her children,
and we talked about how rewarding she has found homeschooling
to be and how she was you know, she was
fearful and anxious because she's not a school teacher, and
(24:40):
she thought that homeschooling meant she would have to have
lesson plans and a curriculum and a syllabus and all
these things, and that's just not true. And she has
found it to be a very rewarding experience because she's
spending so much time with her children. Because we don't
get our kids very long. I mean, I haven't lost
(25:02):
my oldest son. He's away at college. He's a freshman
in college. But it's you know, your opportunity to shape
and mold them the way you could as a young child,
that's reduced dramatically. I think children need their parents for
as long as their parents are alive. I still need
my dad for perspective, and you know, because it's meaningful
(25:23):
to me that he's still alive.
Speaker 1 (25:25):
So I don't think we ever really lose our kids.
Speaker 3 (25:29):
But during their formative years, it's so important that we
are able to share our values with them and this
is something if you heard the second hour of our
show yesterday, this is something that's very important to me.
And I don't care if some of you won't like this.
I don't believe you should leave the state to teach
(25:54):
your children morals, whatever your morals may be. I don't
believe that anyone outside the parents should be the primary
influence in a child's life. People tell me every day,
that's a damn shame. The school's not teaching history anymore.
(26:14):
The school, Yeah, it is a shame. But why don't you,
Why don't you teach the children. Why don't you discipline
your child? You should send your child to school already
able to read and write, already, able to do basic math,
already able to look at a map and understand the
(26:37):
differences in the regions and cultures and religions. Because I'm
going to tell you this, I can teach you American
history in multiple different ways, with multiple different heroes. I
can teach you about the Civil War in very different ways.
And I can make heroes of villains and villains of heroes.
(27:00):
And this is what Perspective does. But it's our responsibility
to maintain our culture. It's our responsibility to inculcate our
children with our values.
Speaker 1 (27:14):
And what the.
Speaker 3 (27:15):
Great socialists have done, and they're very good at this,
is to make you ashamed of that. You should be
ashamed of your whiteness, or you should be ashamed of
your blackness. If in your blackness, you're not preaching that
Al Sharpton and Jesse Jackson are the great heroes, because
(27:36):
that's what you're supposed to teach. Otherwise you're a sellout
to your race. Or you should be teaching, if you're Hispanic,
that we should have wide open borders, because otherwise you're
going to get kicked out. Be proud of who you are.
How can we say that other cultures are adding so
(27:57):
much in diversity to our country when they come here illegally,
and yet that your culture doesn't matter. How can we
say that the founders of this country, that the writers
of the Constitution were such evil men when their constitution
has been the most replicated governing document in the history
(28:20):
of mankind. I guess we could make an argument for
the Bible, but the Bible informs our constitution. You look
at the two things that happened in seventeen seventy six.
Of course, a declaration of Independence. But the Wealth of
Nations Adam Smith, a Scottish economist philosopher. You want a
(28:43):
good book to read. Maybe school didn't matter to you
when you were a kid.
Speaker 1 (28:48):
That's okay. You had a lot more going on.
Speaker 3 (28:50):
Susie's pigtails, coming to grips with your own hormonal changes.
That was probably more interesting, or playing Boys and Indians,
or playing football, or shooting your gun or riding your motorcycle.
It makes sense when you're young. You know, youth is
wasted on the young. As Oscar Wilde famously said, go
(29:11):
back and read it now.
Speaker 1 (29:12):
Oh Michael, I wasn't good in school. What does that mean?
You weren't good in school?
Speaker 3 (29:19):
There are people who weren't great athletes in high school
who've become bodybuilders as adults.
Speaker 1 (29:25):
I think Ronnie Coleman that was his story.
Speaker 3 (29:27):
But the point is go back and read The Wealth
of Nations, beautifully written, beautifully written the same year as
the Declaration of Independence, those principles laid out in those documents,
and then eleven years later, in seventeen eighty seven, our Constitution.
Speaker 1 (29:46):
They are as.
Speaker 3 (29:48):
Profound as anything outside the Bible you're ever going to read.
Speaker 1 (29:54):
Have you read them.
Speaker 3 (29:56):
Oh, you know, they're important and famous, and have you
read them?
Speaker 1 (30:00):
Why wouldn't you? Why wouldn't you?
Speaker 3 (30:04):
Okay, there's going to be some words where you got
to stop and make a note and look up what
it means.
Speaker 1 (30:07):
That's okay.
Speaker 3 (30:08):
You're improving your vocabulary, or at least increasing your vocabulary.
Speaker 1 (30:12):
Shall we say.
Speaker 3 (30:15):
These are the aspects of American culture we must be
very proud of. We are a nation that split in half,
and don't let anybody tell you it was over slavery.
We are a nation that split in half over a
number of seemingly irreconcilable differences. It's not that all the
north was good and all the South was bad. There
(30:37):
was plenty of evil to go around. And this is
a nation that split in half of the Civil War
and managed to reconcile. Wasn't always pretty sausage making.
Speaker 1 (30:47):
One oh one.
Speaker 3 (30:49):
There were lots of axes that were ground after that.
There were a lot of people punished who did nothing wrong.
After that, there was wealth that was confiscated. There were
homes that were burned, that were lives that were lost.
There were ladies who were raped, there were people who
were killed. War as a brutal thing, but to come
back together as a nation that is an inspiration to
(31:14):
the world. We're the only truly multicultural nation to survive
as a melting pot so many people from so many
places on the scale that we've seen, and by the way,
it hasn't all been positive. I truly believe we allowed
(31:34):
a lot of people to take up residents in this country,
most of them illegally, who have been a drain. Not
adding our diversity is not our strength in this case.
We don't need more pedophiles, we don't need more drug traffickers,
sex traffickers, child traffickers. But we continue to work through this.
(31:56):
That's the sign of a great nation. And these are
the sorts of things we should be talking about to
our kids. These are the things the conversations we should
be having over the dining room table, because if you don't,
your children are still going to be influenced by TikTok
and their friends. And if you don't teach your children
(32:18):
in the ways of your values, just understand that someone
else will. Your kids don't need another friend, they need
a parent, They need somebody with good values, good life experiences,
cares deeply about them to help develop them as young
people
It's that time time time, time, Luck and load. Michael
Very show is on the air. Where is my automobile? Automobile?
(00:25):
Like Big.
Speaker 2 (00:33):
Talks about some of the violence that's been going on
around the country dealerships.
Speaker 1 (00:36):
Some say they should be labeled domestic terraces. I will
do that. I'll do it. I'm gonna stop up.
Speaker 3 (00:41):
We catch anybody doing it because they're harming a.
Speaker 1 (00:44):
Great American company. Let me tell you.
Speaker 3 (00:46):
You do it to Tesla, and you do it to
any company, we're gonna catch you, and you're gonna go
through a help.
Speaker 2 (00:52):
Co.
Speaker 4 (01:02):
Then you also overnight have this postclaiming that protests Tesla
dealerships are illegal. He said today he would label violence
against dealerships domestic terrorism. So just to be clear, you
protest a private company, you are labeled by this administration
and domestic terrorists.
Speaker 5 (01:34):
Agree.
Speaker 2 (01:34):
Because as a Republican strategist, you wouldn't have advised him
to go.
Speaker 3 (01:37):
In front of the White House drive a Tesla White
Wild because.
Speaker 1 (01:41):
Of course I would have.
Speaker 3 (01:42):
You know why, because if I were advising Republican president,
I would say, let's support American companies that have thousands
of American workers. There was a vast understanding in the
eighties that money was flowing into real estate, real estate
(02:04):
investing that was all driven by taxes. Tax policy can
incentivize or disincentivize any industry, and it happens every day.
So I have a friend who started as a show
(02:24):
sponsor and became a good friend. His name is Tilman Holloway,
and Tillman's a bit of a quirk because Tillman Tilman
was a homeschooled kid in Colorado who was blessed with
amazing jeans to play football or hockey, the two sports
at which he excelled. Tilman sixty four and graduated high
(02:48):
school at twoint eighty and played as a senior at
the University of Texas as an offensive lineman. At three
forty two. Three forty two is a big lineman in
the NFL today. This was twenty five years ago. So
this guy in rapid speed, I mean lightning quick and
(03:12):
for a pulling guard, if you know football, for a
pulling guard in an offense, in a college football offense
in two thousand and two, thousand and one, two thousand
and two, when you had Vince Young and before that,
chance Mock and you've got you've got a pulling guard
coming around the corner to hit an edge rusher.
Speaker 1 (03:35):
An edge rusher is going to.
Speaker 3 (03:36):
Slow his role a little, coming back, coming in to
try to hit the quarterback when he's got a boy
this big about to hit him. Well, you don't figure
a guy that's an offensive lineman is going to.
Speaker 1 (03:49):
Be very smart.
Speaker 3 (03:51):
But he graduated with high honors from the University of
Texas Business School, which is no cakewalk. Business school's tough
to get into and it's tough to get out of,
especially competitive with such high grades. So Tilman his grandfather,
some of you will remember the name Bud McFadden. He
wore number sixty one at the University of Texas, just
(04:12):
as his grandfather did before him. Bud mc fadden went
on to the pros NFL Hall of Famer, a bit
of a superstar himself. Well, Tilman went to the combine
but chose entrepreneurism and he got into bitmining before anybody
knew what that was. He was in the very early
(04:33):
days of this and he's got a finance in a
number's brain. But we were having a long conversation yesterday.
He owns a company. It's a software company that he
designed it's not the first company or the last company
he's ever created, but it's called Archarcchpublic dot com. And
what it is is this amazing software that allows bitcoin
(04:55):
investors to It's an algorithm. It allows you can It's
sort of like people that are day traders. If you're
a day trader. I've got a buddy, Eyke Claypool. He's
a day trader. He is locked into his computer from
when the market opens to when the market closes, and
he's got stop losses and all these things. But he
can't be away from his computer. He can't because he
(05:16):
might lose what he's made all day, or he might
miss an opportunity to make what he's made all week. Well,
what my buddy's business does, what his software does.
Speaker 1 (05:28):
Is you you you.
Speaker 3 (05:30):
Get this software and it's buying on the dips and
selling on the highs. That's you're setting this algorithm. And
you've got companies now that are coming to him and
putting part of their money in bitcoin. Tesla is very,
very heavily invested in bitcoin. I think they're the largest
private holder of bitcoin. I could be wrong, but what
(05:52):
you're seeing now is companies with inflation being what it
is what is it nine percent? But Tillman believes inflation
is actually much higher than that, up to seventeen percent.
And the reason is there are a lot of dollars
being pumped into the economy. And we know Milton Friedman
told us inflation is when you put too much money
into the economy and it's not reflected in output. So
(06:13):
now you devalue the cash currency. Well, they're not counting
all these petro dollars in all these ways. Government is
pushing money into the economy off balance book, so you
know that things cost anecdotally. Every housewife understands, I know
what I paid for eggs, and I know what I'm
paying now. I know what I paid for bread, and
(06:34):
I know what I'm paying now. And housewives are guarding
that budget. They're guarding it heavily. So my buddy Tilman
tells me Archpublic dot com is getting all this interest
now from businesses who are wanting to put part of
their cash reserves where you're seeing, you know, the cash
you have is being devalued every day. They're putting it
(06:55):
now into bitcoin through this website. And the reason is
a very simple tax change. Bitcoin can now be booked
on your ledger as an asset instead of a liability.
That simple little change that Trump ushered in means that
companies are changing their entire way they invest their reserves
(07:20):
because nobody wants a bunch of cash laying around in
the bank. Because for ever one hundred dollars in cash
you had laying around the bank a year from now,
it's only worth ninety one. And that's not prudent stewardship
as a fiduciary of your shareholder's money. So he's seeing
a huge cash influx into his bitcoin purchases.
Speaker 1 (07:38):
He doesn't, it's not his bitcoin, and he's the software.
So he was showing me on archpublic dot com how
this is working.
Speaker 3 (07:45):
This is little ways tax policy drives economic decisions.
Speaker 2 (07:49):
You Michael Berry from the soundtrack A Walk on the Moon.
Speaker 3 (08:00):
That is Elijah sky Blue Almon. Because famous people have
to give their kids stupid names. Elijah sky Blue Almond
is known professionally as p Exeter Blue, which is short
for Phillips Exeter the School Blue. But interesting note because
(08:26):
I'm sure we have a fair number of Alman Brothers
fans in our community. Elijah sky Blue Almond is the
son of singer chaer, you don't have to tell me,
I know.
Speaker 1 (08:37):
Her politics are awful.
Speaker 3 (08:38):
It's like it becomes a spastic response, Hey, you know
our politics are awful.
Speaker 1 (08:43):
Yeah.
Speaker 3 (08:43):
Fact is, most of those people's politics are awful. And
the reason is they don't know any real people. If
you don't know any real people and you live in
a bubble, you don't understand anything about anything.
Speaker 1 (09:00):
That's why so.
Speaker 3 (09:01):
Many uber wealthy people support bad politics is because they
don't understand how policy laws affect the working class. So
what happens with the uber wealthy the one hundred million
and up is twofold number one. They feel guilty they've
(09:26):
made all this money, so they think that, you know,
when the French Revolution comes and the heads are being chopped,
they think that they'll be able to stay the execution
by being able to say, remember, I'm one of the
good rich ones. Right, This is the white liberal mentality.
I'm one of the good white ones. So when the
(09:47):
race war that they are encouraging comes, they'll be saved,
you know, cecil roads here. And so you get these
uber wealthy people who support really stud socialist policies because
it makes them feel good about themselves. Well, hell if
you're so determined that the poor people have more money,
(10:12):
not the working poor. They don't like the working poor.
They resent the working poor. They like the poor, the needy,
the pitiful. The welfare queen makes them feel good about themselves,
no bless abliege. So these people, if they wanted to
share their massive wealth, they could, you know, on your
income tax form, there's actually a line at the end
(10:34):
where you can donate as much as you want to
the government. And they never do. They never do because
they don't really care. They just give lip service to it.
And the only charitable contribution they ever make is something
they can get credit for because their tax advisor has
told them it's about at your level. It's about the
(10:55):
same whether you do it or not. And at least we'll
get some good credit out of this. So back to
the bitcoin conversation. Companies have started tesla, among them putting
money into bitcoin as an anti inflationary move, but also
because the tax change makes it more profitable. That's true
(11:21):
at Archpublic dot Com, that's true at Gemini the Exchange,
that's true for anyone else in the bitcoin space. I
just happen to know the Archpublic dot Com stuff because
the founder is a good friend of mine. But you're
seeing activity in bitcoin, and there's a real and it
is tax driven activity. Real estate investing apartments particularly saw
(11:48):
a huge boon back when real when limited partnerships for
real estate were a tax shelter. You would see businesses
that we're building more apartment units and investing in apartment
units that were losing money, but it was a tax shelter.
Speaker 1 (12:11):
What I'm saying is.
Speaker 3 (12:13):
Our economy has artificial incentives and disincentives so that it's
no longer.
Speaker 1 (12:22):
If you go back to the state of nature. The
baker bakes bread that people want to eat. The gardener,
the farmer he.
Speaker 3 (12:31):
Raises, grows vegetables and fruits, the rancher he brings his
cattle to town, and they all trade based on how
much people want of what these people have. But once
you start subsidizing industries and taxing other industries, you start
altering the behavior anybody ever stop and think about the
(12:55):
fact that so many innovations in industry come out of
independent startups and almost never from big companies. You know
what big companies do because big companies become a financial instrument,
not an operations juggernaut.
Speaker 1 (13:13):
So you know what they do.
Speaker 3 (13:16):
They hire guys to go out and find small startups
in people's garages that have a new technology of the future,
and they go in and gobble them up.
Speaker 1 (13:25):
That's what they do.
Speaker 3 (13:27):
Because innovation doesn't come from the old line company, because
the old line companies become bogged down with legal accounting
and tax folks and not geniuses, the Elon Musks, the
Steve Jobs. You don't find them in big companies. You're
(13:50):
not getting the best and brightest because big companies look
more like the government than they do the startups and
the truly entrepreneurial companies and the sequoias in all of
these platforms for private equity. They're not looking to put
private equity in big companies. It costs too much and
returns too little. You got the stock market for that
(14:12):
bet on futures. But if you're looking for the next
big thing, whatever that may be, you're looking in the
independent guys because they're out there with a concept that
they're trying to develop to We talked about it earlier.
Solve a problem, and when you're trying to solve problems
(14:35):
instead of trying to maximize tax benefits or subsidies, from
the government. You're going to create very different solutions to problems.
And look, this is what has dulled the edge of
American pharmaceuticals is chasing subsidies.
Speaker 1 (14:58):
Let's be honest.
Speaker 3 (15:00):
You saw the stock increase in Pfizer in Johnson and
Johnson in Maderna during COVID.
Speaker 1 (15:09):
Do you think they created anything new under the sun?
Speaker 3 (15:13):
I mean it was poison if you asked me. But
they weren't creating great products. They were making more money
because government was mandating it and paying for it. That's
not innovation.
Speaker 1 (15:24):
The love budd stem Joe has been race driver Michael
Berry Funny.
Speaker 3 (15:31):
Duck, King of Dean suggested for general audiences enough you
felt very clever because you were able to steer the
conversation away with a distraction like should we stop and
get some ice cream? And your kid didn't go, Dan,
(15:53):
I'm trying to ask where babies are from.
Speaker 1 (15:57):
Yeah, I was thinking we haven't had ice hum in
a while. Oh okay, Well.
Speaker 3 (16:05):
That's actually what's happening in America, and it's about that
simplistic We should be talking about policies of our government
first and foremost, fiscal policy, taxation, monetary policy. You know,
(16:27):
you got people, good people, decent people who get up
early every morning bust there. But whether that's running the
household or working at a business, or driving a truck,
or arresting bad guys or fighting fires or running a
small business or any number of other things, and they're
(16:50):
eching out a living. Can never get ahead. And what
frustrates me is when it comes to time, there is
so much of their inability to get ahead is because
they don't get to keep what they make. A big
(17:14):
portion of what they make is taken and given to
other people, whether that's the company stealing it on the
way to Ukraine or the Middle East, or agriculture subsidies
or welfare, or a bloated government, which in and of
itself is theft. It's gross inefficiency and inefficiency is on
(17:41):
American You know, one of the great frustrations when you
travel to third world countries is how your time is
not respected. You're left waiting in line because they don't
have enough people behind the counter to get you through
immigration or customs or any number of other things. That
(18:03):
is antithetical to the American mindset. I mean, what pisses
you off worse when you go to a store and
they don't have enough checkers. You know, you're leaving the
grocery store and they don't have enough lanes for you.
Speaker 1 (18:19):
So what ended up happening. They ended up doing.
Speaker 3 (18:22):
The check yourself out because then at least you're active,
you don't notice. And if you're the person like me
who you're headed somewhere and the highway shuts down for
whatever inefficient reason because the cop has no reason to
push people through because he's stuck there anyway, And you
(18:42):
look at your phone and you see there's a side
road you can go, and you're still you're forty three
minutes from where you're supposed to be, and if you wait,
it's going to be forty three minutes given the algorithm
saying that they're going to clear the traffic at about
this time, or it can take you forty five minutes
(19:03):
on the back roads, but you'll be driving the whole time.
I'm going on the back road because I can't sit still.
I just can't do it. Waste drives me crazy. And
that's what thrills me about DOGE is the idea that
we're going in and cleaning up the wasst. You know,
you have these shows Jim, what's the couple that real
(19:26):
cute with Joeanna Gaines and What's Chip in Waco? Where
they go into these ragtag houses and they transform them.
There's something about it's a resurrection, it's a renaissance. It's
you know, people love these TV shows about barn finds.
(19:47):
They're called and that is the holy grail of classic
car collecting. I'd love to find a barn find, but
I just don't have the time to go to go
do it. But I get emails from listeners and they
know I love this stuff, so they'll send me a picture. Michael,
Look at this Stewdibaker I just bought from. I don't
(20:07):
want to give the year, and I'll get the year wrong,
but look at this, you know, old Mustang or Chevy
or whatever.
Speaker 1 (20:14):
It's a fifty eight Chevy.
Speaker 3 (20:15):
I mean, can you believe it's mint conditions just under
a a you know, an inch of dust. I'm gonna
wipe this thing down. I'm gonna replace this and do
this and grind this.
Speaker 1 (20:24):
I man, I'm gonna have.
Speaker 3 (20:26):
The idea of making the old new again, the idea
of cleaning things up. I'm convinced that part of our
fascination with weight loss is not just that you quote
unquote look better, because throughout history it hasn't always been
a good.
Speaker 1 (20:45):
Thing to be skinny.
Speaker 3 (20:47):
In fact, being corpulent was a sign of wealth in
Europe until relatively recently. My mother, God bless her, would
still refer to fat women as healthy, healthy looking, because
she didn't want to hurtnybody's feels by saying somebody was fat,
So even though that person wasn't there, she says she
healthy looking, which was a nice way of saying she's fat.
(21:09):
And then she'd say, but you know she has a
really pretty face. Mom, How do you know that you
can't even see her face behind all that fat. Oh, Michael,
don't be mean. She might have a hormone condition. Yeah,
it's just just a very old This is a Southern
woman's way of saying nice things so stupid.
Speaker 5 (21:30):
If you fell in a barrel full of these, you'd
come out sucking your thumb. Boy, you're about as sharp
as a mashed potato. If brains were dynamite, you couldn't
blow your note. Well, you are one fry short of.
Speaker 1 (21:40):
A happy men.
Speaker 5 (21:40):
I mean, you got the iq of a fence poke.
You couldn't find your way out of a wet paper
bag with a flashlight in a mouth. You are dummer
in a box of rocks. You so slow, we'd take
you two hours to watch sixty minute Baby, your elevator
don't go all the way to the top, does it?
Your about as confused as a cow on tire faint.
You're a dummer and a sack of hammers, and about
half is useful. I hear about as sharp as a marble.
Speaker 3 (22:03):
So back to the point, the American people have been
so distracted, and we're not the only ones. This happens
around the world. There are actually professionals. Karl Rove is
one of them, but there are plenty more. James Carvel
is one of them who are very good at getting
you or your neighbors to focus on things that don't matter,
(22:27):
so you don't focus on things that do. So whether
it's bred in circuses, and there's a lot of that.
I mean the Democrats right now, and I hope they
keep this up. The Democrats have the women in Congress
who are doing little dance videos and they release them
and I'm sure they think it's very clever, and maybe
(22:49):
they have some of their core supporters who also think
it's very clever. But I think a lot of voters,
especially the women that they rely on, are out there going.
You know, times are tough, Times are real tough, and
instead of doing your job, you're up there making silly
(23:10):
dance videos. You're trying to send grown men into my
daughter's school, of my daughter's restroom. You weirdo. You're out
of touch with my values. If we can get ourselves
and our neighbors to focus on what matters, because it's
never going to be glamorous. Race is glamorous, sex is glamorous.
(23:35):
Personal identity maybe not glamorous, but people are attracted to it,
and people cast votes that are against their own financial, personal, professional,
family interests because very very smart people are able to talk.
Speaker 1 (23:50):
Them into doing it.
Speaker 2 (23:51):
Written to Michael Barrier.
Speaker 3 (23:57):
If you don't get our morning show where you are
not show, but we do an earlier show. We do
five hours a day, and our morning show is three
hours long and it doesn't air in as many markets
as this our evening show. But all of our shows
are posted on our podcast, which wherever you get your podcast, Spotify,
(24:17):
iHeart iTunes, you can hear our shows. There was a
woman who called in from Iowa and she homeschools her children,
and we talked about how rewarding she has found homeschooling
to be and how she was you know, she was
fearful and anxious because she's not a school teacher, and
(24:40):
she thought that homeschooling meant she would have to have
lesson plans and a curriculum and a syllabus and all
these things, and that's just not true. And she has
found it to be a very rewarding experience because she's
spending so much time with her children. Because we don't
get our kids very long. I mean, I haven't lost
(25:02):
my oldest son. He's away at college. He's a freshman
in college. But it's you know, your opportunity to shape
and mold them the way you could as a young child,
that's reduced dramatically. I think children need their parents for
as long as their parents are alive. I still need
my dad for perspective, and you know, because it's meaningful
(25:23):
to me that he's still alive.
Speaker 1 (25:25):
So I don't think we ever really lose our kids.
Speaker 3 (25:29):
But during their formative years, it's so important that we
are able to share our values with them and this
is something if you heard the second hour of our
show yesterday, this is something that's very important to me.
And I don't care if some of you won't like this.
I don't believe you should leave the state to teach
(25:54):
your children morals, whatever your morals may be. I don't
believe that anyone outside the parents should be the primary
influence in a child's life. People tell me every day,
that's a damn shame. The school's not teaching history anymore.
(26:14):
The school, Yeah, it is a shame. But why don't you,
Why don't you teach the children. Why don't you discipline
your child? You should send your child to school already
able to read and write, already, able to do basic math,
already able to look at a map and understand the
(26:37):
differences in the regions and cultures and religions. Because I'm
going to tell you this, I can teach you American
history in multiple different ways, with multiple different heroes. I
can teach you about the Civil War in very different ways.
And I can make heroes of villains and villains of heroes.
(27:00):
And this is what Perspective does. But it's our responsibility
to maintain our culture. It's our responsibility to inculcate our
children with our values.
Speaker 1 (27:14):
And what the.
Speaker 3 (27:15):
Great socialists have done, and they're very good at this,
is to make you ashamed of that. You should be
ashamed of your whiteness, or you should be ashamed of
your blackness. If in your blackness, you're not preaching that
Al Sharpton and Jesse Jackson are the great heroes, because
(27:36):
that's what you're supposed to teach. Otherwise you're a sellout
to your race. Or you should be teaching, if you're Hispanic,
that we should have wide open borders, because otherwise you're
going to get kicked out. Be proud of who you are.
How can we say that other cultures are adding so
(27:57):
much in diversity to our country when they come here illegally,
and yet that your culture doesn't matter. How can we
say that the founders of this country, that the writers
of the Constitution were such evil men when their constitution
has been the most replicated governing document in the history
(28:20):
of mankind. I guess we could make an argument for
the Bible, but the Bible informs our constitution. You look
at the two things that happened in seventeen seventy six.
Of course, a declaration of Independence. But the Wealth of
Nations Adam Smith, a Scottish economist philosopher. You want a
(28:43):
good book to read. Maybe school didn't matter to you
when you were a kid.
Speaker 1 (28:48):
That's okay. You had a lot more going on.
Speaker 3 (28:50):
Susie's pigtails, coming to grips with your own hormonal changes.
That was probably more interesting, or playing Boys and Indians,
or playing football, or shooting your gun or riding your motorcycle.
It makes sense when you're young. You know, youth is
wasted on the young. As Oscar Wilde famously said, go
(29:11):
back and read it now.
Speaker 1 (29:12):
Oh Michael, I wasn't good in school. What does that mean?
You weren't good in school?
Speaker 3 (29:19):
There are people who weren't great athletes in high school
who've become bodybuilders as adults.
Speaker 1 (29:25):
I think Ronnie Coleman that was his story.
Speaker 3 (29:27):
But the point is go back and read The Wealth
of Nations, beautifully written, beautifully written the same year as
the Declaration of Independence, those principles laid out in those documents,
and then eleven years later, in seventeen eighty seven, our Constitution.
Speaker 1 (29:46):
They are as.
Speaker 3 (29:48):
Profound as anything outside the Bible you're ever going to read.
Speaker 1 (29:54):
Have you read them.
Speaker 3 (29:56):
Oh, you know, they're important and famous, and have you
read them?
Speaker 1 (30:00):
Why wouldn't you? Why wouldn't you?
Speaker 3 (30:04):
Okay, there's going to be some words where you got
to stop and make a note and look up what
it means.
Speaker 1 (30:07):
That's okay.
Speaker 3 (30:08):
You're improving your vocabulary, or at least increasing your vocabulary.
Speaker 1 (30:12):
Shall we say.
Speaker 3 (30:15):
These are the aspects of American culture we must be
very proud of. We are a nation that split in half,
and don't let anybody tell you it was over slavery.
We are a nation that split in half over a
number of seemingly irreconcilable differences. It's not that all the
north was good and all the South was bad. There
(30:37):
was plenty of evil to go around. And this is
a nation that split in half of the Civil War
and managed to reconcile. Wasn't always pretty sausage making.
Speaker 1 (30:47):
One oh one.
Speaker 3 (30:49):
There were lots of axes that were ground after that.
There were a lot of people punished who did nothing wrong.
After that, there was wealth that was confiscated. There were
homes that were burned, that were lives that were lost.
There were ladies who were raped, there were people who
were killed. War as a brutal thing, but to come
back together as a nation that is an inspiration to
(31:14):
the world. We're the only truly multicultural nation to survive
as a melting pot so many people from so many
places on the scale that we've seen, and by the way,
it hasn't all been positive. I truly believe we allowed
(31:34):
a lot of people to take up residents in this country,
most of them illegally, who have been a drain. Not
adding our diversity is not our strength in this case.
We don't need more pedophiles, we don't need more drug traffickers,
sex traffickers, child traffickers. But we continue to work through this.
(31:56):
That's the sign of a great nation. And these are
the sorts of things we should be talking about to
our kids. These are the things the conversations we should
be having over the dining room table, because if you don't,
your children are still going to be influenced by TikTok
and their friends. And if you don't teach your children
(32:18):
in the ways of your values, just understand that someone
else will. Your kids don't need another friend, they need
a parent, They need somebody with good values, good life experiences,
cares deeply about them to help develop them as young
people
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Therapy Gecko
An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.