June 19, 2025 • 44 mins
I've said this each year for a while now since Juneteenth was made an official federal holiday four years ago: This is a legit holiday, a day in our history worth celebrating, and it shouldn't be thought of as a "woke" creation or any such thing.
Plus "Now You Know" with the intrepid Chad Bowar!
And it's an "Ask Me Anything" kind of Thursday! Listeners got to ask me whatever they want.
Plus "Now You Know" with the intrepid Chad Bowar!
And it's an "Ask Me Anything" kind of Thursday! Listeners got to ask me whatever they want.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Yes, I am live and in studio with you on
this holiday, thanks to everyone who's listening right now on
this holiday. In fact, let me just throw this out
there just for a little fun today. We usually do
this on a Friday, but a holiday sort of feels
like a Friday, and I would.
Speaker 2 (00:15):
Like to take just a little bit of.
Speaker 1 (00:18):
Today's show to do a little ask me anything. I
really enjoy those segments and I haven't done them probably
as much as I should. So if there is any
question you want to ask me, I don't promise to
answer every question, but anything you want to send my
way and get an answer from, I'll do some of
(00:38):
this stuff probably over the course of this hour, primarily
not too much. In the next hour. We'll do well now,
you know, with intrepid Chad Bauer an hour from now,
top of the next hour, and then my show is
going to be over at about ten thirty because we've
got an early Rockies game today. I think it's the
Washington Nationals, Is that right, a Rod, Yeah, Washington Nationals
(00:59):
and looking for the sweep and looking for the sweep
four wins in a row, as you just heard in
the in the newscast, and Nationals are not a bad
team and not what they were like a few years back, perhaps,
but not a bad team. I won't say anything.
Speaker 2 (01:13):
More about the Rocky. So four wins in a row
for the Rockies, good for them.
Speaker 1 (01:16):
So anyway, text me at five six six nine zero
if you would like to, especially a day when you
know it's it's you know it's a holiday. So I'm
here and I'm grateful for you listening. Text me anything
you want to ask me at five six six nine zero,
and I will get to these questions.
Speaker 2 (01:33):
Over the course primarily of this hour.
Speaker 3 (01:37):
So today is.
Speaker 1 (01:38):
June teenth, June nineteenth, and the first June nineteenth has
only been a federal holiday for four years, right, I guess,
let's see twenty one twenty, this would be the fifth one,
and because it was signed into law by Joe Biden
in twenty twenty one, I think that's right. And actually
I'm not sure if there was a Juneteenth holiday that year. Anyway,
(01:59):
this is the fourth or fifth one, and I know
that some folks will be tempted to think of June
tenth as some sort of woke creation imposed on the
nation by the ridiculous and ultra woke Biden. Administration. But
I don't see it that way. I think June tenth
(02:20):
is a legit holiday worth celebrating. I mean, it is
worth celebrating the end of slavery in the United States
of America is a thing worth celebrating, and not just
for black people. It is worth celebrating as a great
moment in the history of a great nation. And Juneteenth
(02:42):
also is a particularly interesting holiday.
Speaker 2 (02:45):
And let me just do a couple minutes on this.
Speaker 1 (02:48):
So on January first, eighteen sixty three, Abraham Lincoln gave
the or I don't know even how you'd say it,
but he gave the Emancipation Proclamation. I'm not going to
read the whole thing. It's not long, but it's longer
than I want to read right now. But it says
(03:10):
that slaves, but not all slaves, actually are free.
Speaker 2 (03:16):
And let me just share a bit of this with you.
Speaker 1 (03:19):
On the first, this first day of January, in the
year of our Lord one thy eight hundred and sixty three,
all persons held as slaves within any state or designated
part of a state that people aware of, shall then
be in rebellion against the United States, shall be.
Speaker 2 (03:35):
Then thenceforward and forever free.
Speaker 1 (03:38):
And the executive government of the United States, including the
military and naval authority thereof, will recognize and maintain the
freedom of such persons, and will do no act or
acts to repress such persons or any of them, in
any efforts they may make for their actual freedom. So
this is January first, eighteen sixty three. And what you
will note if you are listening carefully, is that it
(03:58):
proclaimed the freedom only in states that were in rebellion
against the Union. Now, actually, not every slave holding state
was in rebellion against the Union. There were border states
where there were slaves that didn't join the Confederacy and
(04:18):
didn't fight against the national government. And so actually the
Emancipation Proclamation in theory wasn't even intended to free the
slaves in those states. It wasn't a blanket thing for
freedom of slaver, for freedom of slaves and the end
of slavery, although Abraham Lincoln did.
Speaker 2 (04:36):
Want that in any case.
Speaker 1 (04:37):
You will note that I said that was January first,
eighteen sixty three. So the Civil War ended. The Civil
War ended late in eighteen sixty five, the official surrender,
but despite the proclamation, the Emancipation Proclamation having been issued
(04:58):
in eighteen sixty three, and of course it would have
required the Union to win in order to enforce it,
and the Union did eventually win, but two and a
half years later, slaves in Southern Texas, slaves in Galveston, Texas,
had not even heard about the emancipation proclamation, and so
on June nineteenth, eighteen sixty five, and thus juneteenth US
(05:25):
a Union Army general named Gordon Granger arrived in Galveston, Texas.
As we're getting toward the end of the Civil War
and the South was beginning to collapse and so on,
and he announced this. The people of Texas are informed that,
in accordance with a proclamation from the Executive of the
United States, all slaves are free. This involves an absolute
(05:50):
equality of personal rights and rights of property between former
masters and slaves, and the connection heretofore existing between them
becomes that between employer and hired labor. The freedmen are
advised to remain quietly at their present homes and work
(06:12):
for wages. So that's really interesting too. Obviously, the most
important part is two and a half years after the
emancipation proclamation, the slaves in Southern Texas were informed.
Speaker 2 (06:24):
That they are free.
Speaker 1 (06:26):
That's the biggest thing, and that is effectively the end
of slavery in the United States of America, at least
we're celebrating it with this holiday. It's also interesting that
that last sentence, the freedmen are advised to remain quietly
at their present homes and work for wages. So what
the General was saying was, you're free, but we do
not want to see you engaging in revolution or retribution.
(06:49):
You are no longer a slave. You are now an employee,
but you are free. You don't have to stay in employee,
but if you do keep working for whoever you were
working for, you have to be paid now like an employee.
But don't getting rowdy. We're not looking to have a
revolution here again or again retribution against your former masters.
(07:09):
So anyway, I think this is a very worthwhile holiday.
I think I think hundreds of thousands of Americans died,
you know, around half of whom were on the wrong
side and around half of whom were on the right side.
But the fact that so many, mostly but not all,
white Americans were willing to die to preserve the Union
(07:35):
and to end slavery when they themselves wouldn't necessarily benefit financially,
in it or any other way from the end of
slavery is a remarkable thing and it deserves to be celebrated.
I'm not one of these people who's going to go
cheering the Confederacy and saying this brave general or those
brave soldiers or whatever. They were on the wrong side.
(07:55):
I understand a lot of people talk about it as
states rights, but they were on the wrong side. They
deserve to lose. They did lose, and that.
Speaker 3 (08:01):
Is worth celebrating.
Speaker 1 (08:02):
I'd love to do a little ask me anything today,
So text me at five six six nine zero and
ask me anything you want, and I will. I don't
promise to answer every question, but I'll answer what I can.
I will definitely answer what I can. So what else
do I want to do here?
Speaker 2 (08:19):
Gosh, there's just so much.
Speaker 1 (08:20):
Going on today, all right, So let's talk about foreign
students coming to the United States. I was pretty rough
on Trump yesterday on this issue of blocking foreign student visas,
and as a macro thing, right, he temporarily put a
pause on all foreign student visas and specifically was looking
(08:41):
to prevent Harvard from having any foreign students. And you
know how I am about Trump right, and Trump is
a populist and I'm not. And that means, in my opinion,
he gets a bunch of things right and a bunch
of things wrong. And I'm happy to call him as
I see him. And you know, I'm neither. I neither
(09:02):
have TDS, nor am I a Trump cheerleader. I just
want what's best for the country, right. So I think
that blocking foreign students is a really really bad idea,
and I think it's bad for our country. That said,
there is always an asterisk when we have these kinds
of conversations. There's always an asterisk when it comes to China,
because we do need to be very very careful about
(09:25):
Chinese students because many of that so that many of
them are just brilliant people who want to come here
and do great things, and some of them are going
to be spies for the Chinese government or or will
be turned into spies for the Chinese government later, even
if they're not coming here with any thought like that
in their minds right now, they might not even know it,
(09:46):
but later maybe they get into some big science project
and then suddenly, you know, someone ends up sitting down
next to them at a restaurant and said, you know,
nice family you have over there in China would be
a shame if something happened to it. And if you
don't want something to happen your family in China, we
need you to give us some information about what you're
working on now in the US. So we need to
be very careful with China. But the State Department said
(10:07):
yesterday that they are restarting the process that they had
previously suspended for foreign students to apply for their student visas.
The thing that they're adding to the requirements and this
is fine with me, again with a little asterisk, which
I'll get to in a second. But the thing they've
said is that anybody applying to come here on a
(10:30):
student visa needs to set their social media accounts to
public not private, and that the government will then review them,
and that the government may reject them for what they
put in their social media accounts, and quoting from the
Associated Press, the government said a refusal to do so
(10:52):
could be assigned. They are trying to evade the requirement
or hide their online activity. So I'm okay with that,
but again another asterisk. As long as we're doing asterisks today,
we need to be very careful. The government needs to
be very careful that if they are going to reject
somebody for something on their social media, it has to
(11:14):
be within a very narrow and well defined set of reasons,
including overt support of violence, overt support of governmental regimes
that are enemies of the United States of America. I
(11:38):
don't think we need to let a foreign student come
here who is posting publicly about support for the Ayatola
in Iran, which is a different thing.
Speaker 2 (11:47):
Let me be very clear also, that would.
Speaker 1 (11:49):
Be a different thing from saying the US shouldn't get
directly involved in the war.
Speaker 2 (11:53):
Okay. That's not the same as saying I.
Speaker 1 (11:55):
Support the Ayatola, or I support the government of North
Korea or what it might be, or just supporting violence.
Speaker 2 (12:03):
Somebody who is supporting violence.
Speaker 1 (12:05):
Somebody who has expressed let's say, sympathy or gratitude or
any such positive reaction to the October seventh attacks on
Israel should not be allowed to be in the United
States of America as a student. And I don't mean that, Okay.
I want to be again very clear. I don't mean
that everybody who comes here has to be a supporter
of Israel. You could be against you know, quote unquote
(12:28):
Zionism or whatever. But you cannot be a supporter of violence.
So that's the key there. What's going to be a
difficult line to draw, and someone's going to need to
draw it is we can't have a situation where the
United States government is denying student visas to people who
want to come study because those people have different opinions
(12:52):
about policy issues, foreign policy, domestic policy, or anything else
from the government.
Speaker 2 (12:57):
Imagine what will happen We get a big left.
Speaker 1 (12:58):
Wing government and such only we get some conservative foreign
student who wants to come.
Speaker 2 (13:02):
No, it only has to.
Speaker 1 (13:04):
Be based on if somebody is truly supporting enemies of
the United States, not just competitors, but enemies and or
supporting violence anything else, you gotta let them in. But
I do agree with the provision make your social media
accounts public. If you want a student visa, We'll be
(13:27):
right back and I'm gonna answer some of you or
ask me anything questions, Text me any questions you want
me to answer at five six six nine zero, June nineteenth,
and I appreciate your company on this holiday. Yes, this
is this is me live. It's not a recorded show.
I'm I'm really here, and I thought i'd have a
little fun. Hey, you know what, I've been standing, been
(13:47):
standing so far this show. So I'm gonna I'm gonna
lower this mic down. I'm gonna sit down. In that way,
it'll be easier for me to look at the text
line with all your questions. So text me whatever you
want to text me at five six six nine zero
and maybe I'll just start going through some of them
right now. And I'm not gonna answer everything. Ross, how
(14:09):
come you didn't get the day off like Marty? I
could have, but I decided that I would rather since, okay,
I'll give you a little inside baseball. Since this is
a company holiday, I could have the day off if
my program director allows it, and it's completely up to him.
(14:31):
I could request, or he could request of me that
I work on the holiday and then use the day
off another time. And I said, yes, please, I would
like to do that. So there you go. Ross. Do
you have an opinion on trading covered calls? Yes? In general,
I am in favor of any strategy that involves selling
(14:53):
options because usually selling options is a winning strategy. Not always,
but if you are going to own the underlying stock, anyway,
then I really believe in covered calls, especially stuff that's
a little bit or more than a little bit out
of the money. So if you do get called away,
you've got quite a good return, and usually that'll be
(15:15):
a strategy with a better expected return than just buying
the underlying stock. The one way you lose on that
versus just owning the stock is if the stock explodes upwards,
and well, that's the risk you're giving up that potential
huge upside in order to collect some income, or another
(15:36):
way to think about it would be to effectively lower
your your purchase price on the stock. So I am
in favor of trading covered calls in particular, if your
alternative is just owning the stock without selling the covered calls.
If you didn't understand any of that, don't worry about it.
I'm moving on ross. Why does the state fleet include
a new Ford Mustang? Granted it's a crappy Mustang that
(15:57):
doesn't even look like a Mustang, but it's still a Mustang.
So I don't I don't know. I don't know which
fleet you're talking about. Maybe you can elaborate, right if
it's for cop cars. I think one of the things
that the cop car cops like to do is they
like to get cars that don't that aren't all the same.
Because back in the day, when pretty much every cop
had the same car, from some distance, you'd be able
to see a car and know with a pretty high
(16:19):
probability that that's a police officer.
Speaker 2 (16:21):
You would slow down or do whatever.
Speaker 1 (16:23):
So I think they like to be a little bit
more sneaky because it's easier to take your money that way.
Uh ross, What is the best book for an introduction
to libertarianism? Boy, that's a good one, you know. I
there is a book, okay, and I haven't I haven't
looked at it in a long time. Let me let
(16:44):
me see if I even have the have the name right,
But there's a book called Libertarianism a Primer or primer
if you're British, and it's written by David Bo's and
I think David Bose recently passed away, but he was
doing the very senior guys at the Cato Institute for
a long time. Fascinating intellectual guy. And I think that's
(17:07):
quite a good one. Libertarianism a Primer. I think that's
good there. And then when you get like if you
go to that. On Amazon, you may find some recommendations
for a couple of other books, and I think anything
by David Bose is going to be pretty good. But
I would probably start with that Libertarianism a primer, and
then you know, I'm very much of an econ nerd.
(17:30):
So what I might suggest to you is go read
anything by Thomas sol It's not exactly about libertarianism, but
it is about economic freedom that I think is is
very important. So you could read a Conflict of Visions,
or you could read Basic Economics. Almost anything by Thomas
Soul is worth your time. What else? Free to Choose
(17:54):
by Milton Friedman, that's actually a must Free to Choose
by Milton Friedman, another grit great book. All right, morning, Ross,
Do you think Trump drops Bunker Busters this week? Without warning?
I do, the listener said, I do so. A few
days ago, I would have said that this was probably
(18:16):
twenty five or thirty.
Speaker 2 (18:17):
Percent chance of Trump doing that.
Speaker 1 (18:20):
But Trump kind of put himself in a corner a
bit the other day when he on social media threatened
the Iranian regime if the Iranian regime were to keep
targeting civilians, right and not? He said if basically said
if you target American installations anywhere, American people anywhere, or civilians,
(18:44):
And it was clear he was talking about Israeli civilians,
because Israel is targeting military and intelligence and nuclear targets.
And yes, some people have been killed, but I don't
think very many of the people who have been killed
were innocent civilians. There can be collateral damage in war unform, fortunately,
and Israel is not expected. Nobody is expected to prosecute
a just war and have zero civilian casualties.
Speaker 2 (19:06):
But Israel as.
Speaker 1 (19:07):
Always goes out of their way to not harm civilians,
whereas Iran is targeting almost entirely civilians. And I will
note actually that the Iranians targeted and struck an Israeli
hospital overnight, and Israel is really pissed. And now suddenly
Israel is talking a little bit more about killing Kadafi
(19:30):
Kadafi Kamani than they had been in the past. So
going back to Trump, because the listener question is, do
you think Trump drops these bombs given that Trump threatened
you better not attack civilians, given that Iran is still
attacking civilians in Israel and now a hospital, and this
(19:53):
is sort of what ties it all together, differentiating himself
from Barack Obama. Donald Trump has been has been focused
on making sure that if he promises to do something,
he does it. And you think back to his first term. Actually,
let's go back to before the first term. Barack Obama
set a red line about Bashar Asad using chemical weapons
(20:17):
and then didn't enforce it.
Speaker 2 (20:19):
Right Asad did use.
Speaker 1 (20:21):
Chemical weapons on his own people, Barack Obama did nothing,
and just a little while after that, upon seeing Barack
Obama's weakness, Vladimir Putin invaded Crimea.
Speaker 2 (20:34):
That's the way the world works, and so.
Speaker 1 (20:39):
And so.
Speaker 2 (20:41):
Donald Trump in.
Speaker 1 (20:42):
His first term also warned Bashar Asad, who is now
not in power anymore, but warned Bashar Asad, you better
not use chemical weapons on your people. And Asad, having
taken the lesson from Obama that American presidents don't back up.
Speaker 2 (20:59):
Their red lines when ahead, and did it anyway.
Speaker 1 (21:01):
And Donald Trump's response was to send a bunch of
Tomahawk missiles into Syria. Now, they didn't do an immense
amount of damage, and they, you know, maybe unfortunately did
not kill any of Usad's family members. But he got
the message, and we don't think he did it again.
And Trump wants to maintain that reputation as the guy
(21:25):
who says what he means and means what he says,
and will back up his red lines. And so now
that Iran is giving Trump a big middle finger, right,
Trump said unconditional surrender, and Iran said, absolutely not. And
we're preparing, you know, we were preparing our like our
targeting packages to target American military installations in the region
(21:48):
if you do anything to us. So Iran is giving
Donald Trump a big middle finger. And as I said,
Trump kind of put.
Speaker 2 (21:54):
Himself in a corner.
Speaker 1 (21:56):
He sort of boxed himself in and didn't leave himself
very much flexibility, which is normally a thing you want
to do in politics and especially foreign policy. But when
when he said you can't do this or that, and
then Iran does one of them and threatens to do
the other. Well, now, to get more directly to the
listeners question, I think the chance of Donald Trump dropping
(22:19):
one or two massive ordinance what's the p Massive ordinance
penetrators MOP Massive ordinance penetrators, I think that's over fifty percent.
Speaker 3 (22:31):
Now.
Speaker 1 (22:31):
I would have thought thirty percent a few days ago.
Now I think sixty percent within the next week. I
don't know. They got to coordinate with Israel and see
who's doing what and when. But I do think the
odds of the US getting involved directly, but at a
small scale, right a couple of bombing runs and not
too much more than that, and no boots on the ground,
nothing even close to that. I do think that's more likely.
(22:54):
We are also seeing more movement of American ships out
of their bases towards Iran, so I think it's more
likely than not. We do know, by the way, and
I didn't talk about this yesterday. Sorry for such a
long answer. I know there are a lot of questions,
but we do know that Donald Trump signed some kind
of attack plan, which is not the same as giving
the green light for an attack, but is approving the
(23:15):
overall plan. Should the plan should he then decide to
implement the plan? At this point he knows what the
plan is, although of course he could change that too.
So it does seem to be drifting this way.
Speaker 2 (23:31):
Ross.
Speaker 1 (23:31):
How did your Soto weight loss program go? Would you
recommend it? It went great? It went exactly as well
as they said it was going to go. They told
me I would need six weeks to lose the weight,
that I wanted to lose, and it took exactly six weeks.
And would I recommend it, Yes, I would recommend it.
I do recommend it. I've recommended it on the air,
and the only reason I've the only reason I recommend
it is that I'm a true believer and it's worked
(23:51):
for me, and it's worked for every single person I
know who's tried it.
Speaker 2 (23:57):
Ross is an old audio file.
Speaker 3 (23:59):
What speaker do you have?
Speaker 2 (24:01):
That's from Bill?
Speaker 1 (24:03):
Well? All right, I'll tell you if you wanna, if
you want to look up what speakers I have. They're
called voxative v O x A t I V V
o x A t I V and they're from Germany. Uh.
And the model is called nine point eight seven, right,
(24:24):
like a number with decimal places, nine point eight seven.
So that's what I've got, voxative nine point eight seven. Uh. Ross,
the Washington Nationals have lost eleven in a row. They're
not very good anymore. Uh.
Speaker 2 (24:34):
Let's see, Roster.
Speaker 1 (24:35):
Are you familiar with the passive foreign Investment company? Apparently
you invest in certain stocks and it turns into a
tax nightmare. Okay, So I don't really know anything about this. Uh.
I do know there have been a couple of court
cases about it. I've never looked into it for myself,
for for something I might do with my own with
my own investments. But you gotta be really careful when
(24:55):
doing anything involving overseas investing as American, because the taxes
can get very complex, and so you just need to
be careful that you're working with a good accountant and
that you know what all the risks are and all
that stuff.
Speaker 2 (25:10):
So you need to be very careful. From a twelve
year old.
Speaker 1 (25:14):
Girl named Sophia, why is the stock market important? Thank
you for that question, Sophia. The stock market is important
for a couple of reasons. But the main reason that
it's important, and I think this is actually missed by
some people, is that the stock market is one of
(25:36):
the most important ways that companies raise money so that
they can grow. So usually, let let let's talk about
this a little, Sophia. I love getting a question from
a twelve year old. Usually when a company starts, it's small.
And usually when a company starts, it does not start
by being on the stock market where you can buy
(25:57):
and sell the shares on the stock market. And by
the way, Sofia, if you can buy or sell the
shares on the stock market. That is called being a
public company because it means any member of the public
can buy or sell shares of stock, which Sofia, a
share of stock represents a very very small piece of
ownership of the company, and how much ownership it represents
(26:21):
depends on how many shares of stock there are, and
every company has a different number of shares every public company. Okay,
so companies usually start small. So let's say you're going
to start Sofia's lemonade stand company, and your plan is
to have one lemonade stand on the corner of your
block and sell lemonade, and you're just going to see
(26:45):
how it goes.
Speaker 2 (26:46):
And so you don't go issue stock for that.
Speaker 1 (26:49):
You might go to mom and dad, or you might
have your own allowance, or maybe you've even had a
little job already at the age of twelve, and you
have your own money, but you just need twenty bucks.
You need twenty bucks to go buy some some paper
or plastic cups and some lemons and sugar because you're
gonna make your own lemonade. And maybe your mom and
dad already have a table and chair you can borrow
(27:11):
and maybe your little brother or big brother is gonna
work with you, so you don't have to pay salary
to other employees right now while the business is really small.
So you borrow that money. And then let's say your
lemonade stand goes pretty well, and you know, you sell
fifty dollars worth of lemonade, and you pay your parents
back the twenty dollars that you borrowed, if they want
the money back, and then you've got thirty dollars yourself. Okay,
(27:34):
So that thirty dollars yourself, that's called your capital. Now,
and now you think that was so good. I want
to do the lemonade stand every week in the summer,
every weekend in the summer, and not just let's say
once a month. And then let's say that goes well too.
Now I'm going to accelerate the story that goes well too.
And you say, you know what, I want to do
two lemonade stands in two different areas in my neighborhood.
(27:57):
And I'm going to run one and my brother is
going to run the other one several blocks away, so
we're not competing for the same customers. And I need
a little more money for that. So at that point,
maybe you have enough of your own capital already to
buy whatever you need. Maybe you have to go raise
money from someone else. So this point, you go to
your parents because you say, you know what, I need
fifty dollars more than I have to do this, And
(28:19):
they say, I'll give you the fifty dollars, but I
want I want twenty percent of the company. I want
twenty percent of the profits. Your parents will say say, okay,
I'll sell you twenty percent of the company for fifty dollars.
And by the way, just Sophia, I don't want to
give you too much math, but if you sell twenty
percent of the company for fifty dollars, what does that mean.
You're saying the whole company is worth well, twenty percent
(28:42):
of the company is one fifth of the company. You
sold it for fifty dollars, so five times fifty dollars,
you're saying your company is worth two hundred and fifty
dollars at that point, and that could be a fair value.
Then all this goes really well. And now suddenly, Sophia,
it's several years later and you've been doing this for
a while and you're about to graduate from high school,
(29:03):
and you've got the most. You've got seven lemonade stands,
and they're doing well, and you know what works and
what doesn't. And now you want to make this a
nationwide thing. So now what you might do is list
your company, list Sofia's Lemonade on probably at this point
a small stock exchange, and you go to the stock
exchange and you list your shares Sofia's Lemonade Stand. What
(29:27):
will the ticker symbol be s l SI Sofia Sofia's
Lemonade Stand Incorporated. Sls I will be your ticker symbol.
I don't know if that's already a ticker symbol. That's
the Those are the code letters that you use to
identify a stop. So you go list shares and you say,
I want to sell a million shares at a dollar apiece,
(29:54):
and people think your business is worth more than that,
and so you sell the shares, and now your company
has a million dollars and there are a million shares.
And let's say you kept a million shares for yourself
and you sold a million shares, so you own half
the company, and all those people who bought the shares
own half the company. And now your company is worth
two million dollars because you sold half the company for
(30:16):
one million dollars, and now those shares are out there
to trade and people can buy and sell them. And
if you're doing great and making lots of money, the value.
Speaker 2 (30:23):
Of your shares will go up. And if you're doing badly.
Speaker 1 (30:26):
And people don't want lemonade anymore, the value of your
shares will go down. And in the meantime, over time,
you still own your shares, so you could over time
sell them and put that money in your own bank account,
and that's your profit. If the million dollars that you
sold originally was to help you build the business. All right,
I hope that's enough for now, Sophia. I want to
get to one or two other questions, but I hope
(30:49):
you I hope you enjoyed that.
Speaker 2 (30:51):
What's your favorite thing about your radio job?
Speaker 1 (30:54):
Wow? Uh, there are a lot of things I love
about my radio job. I think I'll say two things,
and they're very different things from each other. One is
occasionally feeling like I'm making a difference in how people
think about the world, not just politics, not just economics,
(31:14):
but it could be anything. But occasionally feel like I'm
making a difference is good. And then the other thing
that I love about my job is meeting listeners. I
love traveling with listeners. In fact, go to rosstrip dot
com if you want to see the trip we're doing
next year.
Speaker 2 (31:28):
I love meeting.
Speaker 1 (31:29):
I went to Regan Revolution yesterday and met I don't
know a dozen listeners or however, many people came by
and I got to chat with so many people. I
just I really love the interaction with listeners. And I
shouldn't say just meeting. I love texting with listeners. I
love doing what we're doing right now. I love getting
emails from listeners and responding to them. The interaction is
just so dynamic, and I think that's just fascinating.
Speaker 2 (31:50):
Ross.
Speaker 1 (31:50):
What do you think about naming and renaming and renaming
military bases?
Speaker 2 (31:54):
I think I think there.
Speaker 1 (31:57):
I don't object as much as some people do to
removing the names of Confederate generals from some of our
military bases. I don't think this stuff should really be
a plaything. I also think that some of the folks
on the woke left went too far and are stripping
names from places where the names don't didn't need to
be stripped. Overall, I think the whole subject is a
(32:19):
bad use of people's time.
Speaker 2 (32:21):
Ross, did you go to a Gutfeld show? I sure did.
Speaker 1 (32:23):
I said, in the last seat on the right, as
you're facing the stage on the left, as you're facing
out from the stage, in the first row on a Monday,
when Jamie Lisso is a great comedian who's been in
studio with me a couple of times. He was there,
so I wanted to see him in person. And it
was very interesting. I have to say. All the panelists,
including sort of the straight man, was We're very very funny,
(32:49):
very funny. Gutfeld is funny. Kennedy's extremely funny. Tyrus was
extremely funny. Obviously, Jamie Lisso is a professional comedian and funny.
Speaker 2 (32:58):
And then the other.
Speaker 1 (32:59):
Dude, and I'm blanking on his name, but he was
a Trump advisor and also sort of part of the
Trump outreach to the Hispanic community. And I can see
his face and I can't and I can't remember his name,
but he was really funny too anyway, So that that
was good.
Speaker 2 (33:14):
Ross. When you wear tennis shoes, it is.
Speaker 1 (33:16):
It shoeshoe tie tie or shoe tie, shoe tie, it's
shoe tie. Shoe tie.
Speaker 2 (33:21):
I don't.
Speaker 1 (33:22):
I put on a shoe and I tie it, and
then I put on the other shoe and tie it.
I don't really understand the other way ross. When you
were in Australia, did you go through the Never Never
orgo coast to coast on the Gun Barrel Highway? I
did not.
Speaker 2 (33:33):
I have never been to Western Australia.
Speaker 1 (33:35):
I've been up and down the coast of Eastern Australia
as far south as what Melbourne and Adelaide. I've been
to Canberra as well, and of course Sydney. I lived
in Sydney, and then I've been up the entire eastern
coast from there up through up through Brisbane and Townsville
and cans and up north into the Dane Tree Forest.
(33:56):
But I never went to Western Australia. I really like to.
All Right, that's all I got time for on these questions.
Right now, we'll be right back with Chad Bauer. And well,
now you know, I see intrepid Chad Bauer in studio
with me wearing shorts and a black T shirt that
says hard Rock Cafe Rome. Did you get to put
your mic on? I know it's semi radio Did you
(34:20):
buy that at the hard Rock Cafe in Rome.
Speaker 3 (34:22):
The only place you can buy them. They don't just
sell them on the internet.
Speaker 1 (34:25):
Can't buy it on eBay. Didn't buy it?
Speaker 4 (34:27):
You can probably buy it an okay? No, how long
have you lived in the Denver area?
Speaker 1 (34:32):
Twenty one years?
Speaker 3 (34:32):
I've lived here.
Speaker 4 (34:33):
About six And I saw some something that had the
origin of the city of Denver. I had, I can
feel because I consider myself a history buff, and I
had no idea why Denver is called Denver?
Speaker 3 (34:46):
Do you wow?
Speaker 1 (34:50):
The only thing I can think of would be to
honor John Denver, who passed away much too young. That's
the only thing I can ask.
Speaker 4 (34:58):
That's a really bad guess. It's incorrective chorus. That's actually
kind of an interesting story. It dates back to eighteen
fifty eight when a bunch of dudes left Lawrence, Kansas,
which was then part of Kansas Territory, and then they
came up to Colorado in what would eventually become Denver.
(35:20):
And the party included some names you might recognize, General
William H.
Speaker 3 (35:25):
Larimer, Samuel S.
Speaker 4 (35:26):
Curtis, Edward Wincoop, Charles Blake out of things lap after them,
so they were looking to develop a new town, and
they also wanted their new town to be have the
county seat because that's a that's a big get at
least it was back then and helps development. So they
thought that was a big deal that they got that
so to be able to help them get the county seat.
(35:47):
So you know what we're gonna do. The guy that's
that could do this is the territorial governor of Kansas,
and so we're gonna name this town site after this
guy and to kind of butter him up.
Speaker 3 (35:58):
His name James W. Denver.
Speaker 1 (36:02):
Wow.
Speaker 4 (36:02):
And so they got all the things going, they set
up that they staked out their claim, and then they
went back to Kansas where they were planned.
Speaker 3 (36:10):
On, you know, meeting up with the governor and seeing
what they could do.
Speaker 4 (36:13):
But by the time they got there, the governor, Governor
Denver had actually resigned his governorship. I'd taken a job
as the Commissioner of Indian Affairs, So it was all
for not and of course it all worked out, things
turned out well. But that that is why that Denver
is named after.
Speaker 1 (36:32):
So he was governor of which state Kansas, Kansas Territory,
Jagas Territory here, which encompassed this whole, you know, big area.
Speaker 2 (36:38):
Just one quick thing before you continue.
Speaker 1 (36:40):
Aren't we lucky that the governor of Kansas Territory at
that time wasn't named John Hickenlooper.
Speaker 4 (36:44):
I suppose, so, yeah, that'd be a lot lots of
lots of right, yeah, yeah.
Speaker 2 (36:49):
Yeah, the county, the city and County of Hickenlooper.
Speaker 1 (36:53):
No thanks, all right, keep going.
Speaker 4 (36:54):
But Denver the city did not treat Denver the governor
guy very well over the year. He's actually believed to
be the only living person to visit a US state
capital that was named after them.
Speaker 1 (37:06):
He didn't do it.
Speaker 4 (37:07):
Then, he didn't get there until like the eighteen eighties.
And here's kind of that. This guy was kind of
treated poorly by Denver. And originally when they named the
city after him, they awarded several plots of land to him,
and this was, you know, in eighteen fifty nine, but
by the time he got here in eighteen eighty two
for his first visit, the land had been sold and
(37:29):
re sold many times over. He didn't he decided not
to fight it, so he lost all that land. And
they actually found a letter in nineteen twenty three. Historians
did that he wrote to his friend and this was
like was written in eighteen ninety two, and he had
talked about the two times that he actually had visited Denver.
(37:50):
The first time was in eighteen seventy five to visit
a friend, and apparently this friend basically ghosted him. He said,
the only reason I saw him because I stopped by
his office to see him. So that wasn't a good experience.
Speaker 1 (38:05):
Uh huh.
Speaker 4 (38:05):
And then in eighteen eighty three, in this letter, he
told his friend I received a strong and pressing invitation
from the city council to visit the mineral exposition. He
felt highly complimented. But when he got there, he says,
my reception was very cool. There's nobody to receive us
or to give us any information. I naturally received the
impression there were not many people in Denver who cared.
Speaker 1 (38:29):
That's probably what Joe Biden feels right now.
Speaker 3 (38:31):
Yeah, not many people cared about him.
Speaker 4 (38:32):
About him, poor guy, Yeah, he said, I always take
took a lively interest in the growth of the city
and its interest, had never failed to help it along
when I could. I felt mortified and humiliated when I
was confronted with such a neglect.
Speaker 3 (38:46):
Poor God, poor General Denver.
Speaker 1 (38:48):
Yeah, oh my gosh, I do wonder. I'm not making
a joke here, I do wonder. You know, you take
a guy, so what year was that?
Speaker 4 (38:56):
What eighteen fifty eight was when it was named. But
he didn't get here at till eighteen eighty two to visit. Okay,
So but he.
Speaker 1 (39:02):
Was alive obviously in eighteen fifty eight because they named
it for him, and he would have been an adults
already at that time. Can you imagine, like if you could,
if you could resuscitate one of these guys for ten
minutes and show them what Denver looks like now, you know,
can you imagine the airport and the light rail and
the Broncos Stadium and coursefield and everything.
Speaker 2 (39:23):
It's you know, it's it's amazing.
Speaker 4 (39:25):
Actually, he probably feel a little better about it, Yeah,
think he did back in the eighteen eighties when he's
kind of snubbed.
Speaker 1 (39:31):
Yeah, you feel a little bad for him. Yeah, all right.
So I'm thinking about all the stuff that you that
you said that I was not aware of. Obviously I
didn't know where the name Denver came from. But as
I'm thinking about, like really focusing on each detail, I
think what fascinates me most.
Speaker 2 (39:47):
Actually, so I've.
Speaker 1 (39:49):
Never thought about what percentage of states have capital cities
that are named for people? Right, Yeah, Like I don't know,
is Albany is probably not named for a person, but
I it might be. I don't know. But the fact
that Denver, mister Denver, Governor Denver, is the only person
(40:11):
known to have visited a state capital that was named
for him. That's a pretty fascinating thing that ched. I
did not know.
Speaker 3 (40:20):
Wel Ross, now you know a few.
Speaker 1 (40:22):
Listener texts Albany actually and a rod found the same thing.
Speaker 2 (40:25):
But this is a listener text.
Speaker 1 (40:26):
Albany is the Scottish line of the Duke of York,
so that is essentially named for a person. Another listener
said Golden was the original capital, and I went and
looked that up and that's true. Let me share this
with you actually just for fun. We're just taking it
easy today. It's a holiday, but I'm working and I'm
very grateful that you're listening to me on a holiday,
and especially grateful that twelve year old Sophia is listening.
(40:48):
By the way, Sophia, if you're still listening and you
have any more questions about any more financial market stock
market questions, Sophia, just send me an email please at
Ross at Koa, Denver dot com. Ross at Koadenver dot com.
(41:09):
And Sophia, I absolutely promise I will answer your question
if you send me an email. All right. So, Golden
was founded in eighteen fifty nine, and I'm quoting from
Visitgolden dot com. It became the capital of the federally
recognized Colorado Territory in eighteen sixty two. The territorial legislator
legislature met here until eighteen sixty seven, and a handful
(41:30):
of different buildings, most notably the Loveland Block at the
corner of Washington Avenue on Twelfth Street. When Colorado became
a state in eighteen seventy six, locals were outraged when
Denver snagged the title of state capital, but the loss
of name distinction did nothing to slow Golden's growth. And
it goes on from there. But I'll stop there because
(41:50):
that's just fine. What else did I want to check?
A listener? A listener asked if I know what the
word Colorado means? No, I don't, Ross. Where did you
meet your wife? I think I've told this story a lot,
but I'll give you a very, very very short version.
Speaker 2 (42:05):
I was in Sydney, Australia.
Speaker 1 (42:07):
I saw some ceramics that I liked, and I thought
I would like to get a custom made dinner set
by that artist, you know, like plates and saucers and
maybe cops made by that ceramic artist, because I thought
the ceramics were so beautiful. And so I took a
taxi out to this particular suburb of Sydney that would
be the Denver equivalent of Commerce City, by which I
(42:29):
mean it's a similar distance from Denver, right, not that far,
but you could tell you're in a different place and
very industrial. And I went and knocked on the door
and this girl opened the door wearing overalls and covered
in clay dust and just an absolute mess. And my thought,
my very first thought to myself, was Wow, this chick
is hot and now and now we're married. So that's
(42:54):
that's how I met. Why my wife, Ross? What do
you think about hegseeth wanting to rename the Medgar evership?
Don't care?
Speaker 2 (43:00):
Ross?
Speaker 1 (43:00):
How do we get you? As a guest on Guttfeld's panel.
I do know a guy, I'm just not sure I
know exactly the right person to ask. I just don't
know if they'll say yes, And I'm not sure I
want to put, you know, the person I know in
a position to say no to me. I'm not sure
how I'm gonna how I'm gonna handle that. Ross. Why
(43:20):
can't governors and mayors be charged with harboring fugitives if
they are governors and mayors of sanctuary cities and states,
They're not really harboring. All they're doing is telling their
state and local law enforcement that they can't cooperate with
the federal government. And it's already settled law by the
by the Supreme Court that the federal government cannot force
state and local governments to help enforce federal law. So
(43:44):
as far as that goes, I don't think those guys
can be prosecuted. Last, very quick listener question, Ross, are
you collecting miller moths to give the dragon when he
gets back? And the answer is gosh, I would, but
I've hardly seen any. It is such a weak Miller
moths system. In a way, it's kind of karma that
dragon leaves the country during the one year where there's
(44:07):
a fewest moths. Go Rockies beat the Nationals again, talk
to you tomorrow.
Yes, I am live and in studio with you on
this holiday, thanks to everyone who's listening right now on
this holiday. In fact, let me just throw this out
there just for a little fun today. We usually do
this on a Friday, but a holiday sort of feels
like a Friday, and I would.
Speaker 2 (00:15):
Like to take just a little bit of.
Speaker 1 (00:18):
Today's show to do a little ask me anything. I
really enjoy those segments and I haven't done them probably
as much as I should. So if there is any
question you want to ask me, I don't promise to
answer every question, but anything you want to send my
way and get an answer from, I'll do some of
(00:38):
this stuff probably over the course of this hour, primarily
not too much. In the next hour. We'll do well now,
you know, with intrepid Chad Bauer an hour from now,
top of the next hour, and then my show is
going to be over at about ten thirty because we've
got an early Rockies game today. I think it's the
Washington Nationals, Is that right, a Rod, Yeah, Washington Nationals
(00:59):
and looking for the sweep and looking for the sweep
four wins in a row, as you just heard in
the in the newscast, and Nationals are not a bad
team and not what they were like a few years back, perhaps,
but not a bad team. I won't say anything.
Speaker 2 (01:13):
More about the Rocky. So four wins in a row
for the Rockies, good for them.
Speaker 1 (01:16):
So anyway, text me at five six six nine zero
if you would like to, especially a day when you
know it's it's you know it's a holiday. So I'm
here and I'm grateful for you listening. Text me anything
you want to ask me at five six six nine zero,
and I will get to these questions.
Speaker 2 (01:33):
Over the course primarily of this hour.
Speaker 3 (01:37):
So today is.
Speaker 1 (01:38):
June teenth, June nineteenth, and the first June nineteenth has
only been a federal holiday for four years, right, I guess,
let's see twenty one twenty, this would be the fifth one,
and because it was signed into law by Joe Biden
in twenty twenty one, I think that's right. And actually
I'm not sure if there was a Juneteenth holiday that year. Anyway,
(01:59):
this is the fourth or fifth one, and I know
that some folks will be tempted to think of June
tenth as some sort of woke creation imposed on the
nation by the ridiculous and ultra woke Biden. Administration. But
I don't see it that way. I think June tenth
(02:20):
is a legit holiday worth celebrating. I mean, it is
worth celebrating the end of slavery in the United States
of America is a thing worth celebrating, and not just
for black people. It is worth celebrating as a great
moment in the history of a great nation. And Juneteenth
(02:42):
also is a particularly interesting holiday.
Speaker 2 (02:45):
And let me just do a couple minutes on this.
Speaker 1 (02:48):
So on January first, eighteen sixty three, Abraham Lincoln gave
the or I don't know even how you'd say it,
but he gave the Emancipation Proclamation. I'm not going to
read the whole thing. It's not long, but it's longer
than I want to read right now. But it says
(03:10):
that slaves, but not all slaves, actually are free.
Speaker 2 (03:16):
And let me just share a bit of this with you.
Speaker 1 (03:19):
On the first, this first day of January, in the
year of our Lord one thy eight hundred and sixty three,
all persons held as slaves within any state or designated
part of a state that people aware of, shall then
be in rebellion against the United States, shall be.
Speaker 2 (03:35):
Then thenceforward and forever free.
Speaker 1 (03:38):
And the executive government of the United States, including the
military and naval authority thereof, will recognize and maintain the
freedom of such persons, and will do no act or
acts to repress such persons or any of them, in
any efforts they may make for their actual freedom. So
this is January first, eighteen sixty three. And what you
will note if you are listening carefully, is that it
(03:58):
proclaimed the freedom only in states that were in rebellion
against the Union. Now, actually, not every slave holding state
was in rebellion against the Union. There were border states
where there were slaves that didn't join the Confederacy and
(04:18):
didn't fight against the national government. And so actually the
Emancipation Proclamation in theory wasn't even intended to free the
slaves in those states. It wasn't a blanket thing for
freedom of slaver, for freedom of slaves and the end
of slavery, although Abraham Lincoln did.
Speaker 2 (04:36):
Want that in any case.
Speaker 1 (04:37):
You will note that I said that was January first,
eighteen sixty three. So the Civil War ended. The Civil
War ended late in eighteen sixty five, the official surrender,
but despite the proclamation, the Emancipation Proclamation having been issued
(04:58):
in eighteen sixty three, and of course it would have
required the Union to win in order to enforce it,
and the Union did eventually win, but two and a
half years later, slaves in Southern Texas, slaves in Galveston, Texas,
had not even heard about the emancipation proclamation, and so
on June nineteenth, eighteen sixty five, and thus juneteenth US
(05:25):
a Union Army general named Gordon Granger arrived in Galveston, Texas.
As we're getting toward the end of the Civil War
and the South was beginning to collapse and so on,
and he announced this. The people of Texas are informed that,
in accordance with a proclamation from the Executive of the
United States, all slaves are free. This involves an absolute
(05:50):
equality of personal rights and rights of property between former
masters and slaves, and the connection heretofore existing between them
becomes that between employer and hired labor. The freedmen are
advised to remain quietly at their present homes and work
(06:12):
for wages. So that's really interesting too. Obviously, the most
important part is two and a half years after the
emancipation proclamation, the slaves in Southern Texas were informed.
Speaker 2 (06:24):
That they are free.
Speaker 1 (06:26):
That's the biggest thing, and that is effectively the end
of slavery in the United States of America, at least
we're celebrating it with this holiday. It's also interesting that
that last sentence, the freedmen are advised to remain quietly
at their present homes and work for wages. So what
the General was saying was, you're free, but we do
not want to see you engaging in revolution or retribution.
(06:49):
You are no longer a slave. You are now an employee,
but you are free. You don't have to stay in employee,
but if you do keep working for whoever you were
working for, you have to be paid now like an employee.
But don't getting rowdy. We're not looking to have a
revolution here again or again retribution against your former masters.
(07:09):
So anyway, I think this is a very worthwhile holiday.
I think I think hundreds of thousands of Americans died,
you know, around half of whom were on the wrong
side and around half of whom were on the right side.
But the fact that so many, mostly but not all,
white Americans were willing to die to preserve the Union
(07:35):
and to end slavery when they themselves wouldn't necessarily benefit financially,
in it or any other way from the end of
slavery is a remarkable thing and it deserves to be celebrated.
I'm not one of these people who's going to go
cheering the Confederacy and saying this brave general or those
brave soldiers or whatever. They were on the wrong side.
(07:55):
I understand a lot of people talk about it as
states rights, but they were on the wrong side. They
deserve to lose. They did lose, and that.
Speaker 3 (08:01):
Is worth celebrating.
Speaker 1 (08:02):
I'd love to do a little ask me anything today,
So text me at five six six nine zero and
ask me anything you want, and I will. I don't
promise to answer every question, but I'll answer what I can.
I will definitely answer what I can. So what else
do I want to do here?
Speaker 2 (08:19):
Gosh, there's just so much.
Speaker 1 (08:20):
Going on today, all right, So let's talk about foreign
students coming to the United States. I was pretty rough
on Trump yesterday on this issue of blocking foreign student visas,
and as a macro thing, right, he temporarily put a
pause on all foreign student visas and specifically was looking
(08:41):
to prevent Harvard from having any foreign students. And you
know how I am about Trump right, and Trump is
a populist and I'm not. And that means, in my opinion,
he gets a bunch of things right and a bunch
of things wrong. And I'm happy to call him as
I see him. And you know, I'm neither. I neither
(09:02):
have TDS, nor am I a Trump cheerleader. I just
want what's best for the country, right. So I think
that blocking foreign students is a really really bad idea,
and I think it's bad for our country. That said,
there is always an asterisk when we have these kinds
of conversations. There's always an asterisk when it comes to China,
because we do need to be very very careful about
(09:25):
Chinese students because many of that so that many of
them are just brilliant people who want to come here
and do great things, and some of them are going
to be spies for the Chinese government or or will
be turned into spies for the Chinese government later, even
if they're not coming here with any thought like that
in their minds right now, they might not even know it,
(09:46):
but later maybe they get into some big science project
and then suddenly, you know, someone ends up sitting down
next to them at a restaurant and said, you know,
nice family you have over there in China would be
a shame if something happened to it. And if you
don't want something to happen your family in China, we
need you to give us some information about what you're
working on now in the US. So we need to
be very careful with China. But the State Department said
(10:07):
yesterday that they are restarting the process that they had
previously suspended for foreign students to apply for their student visas.
The thing that they're adding to the requirements and this
is fine with me, again with a little asterisk, which
I'll get to in a second. But the thing they've
said is that anybody applying to come here on a
(10:30):
student visa needs to set their social media accounts to
public not private, and that the government will then review them,
and that the government may reject them for what they
put in their social media accounts, and quoting from the
Associated Press, the government said a refusal to do so
(10:52):
could be assigned. They are trying to evade the requirement
or hide their online activity. So I'm okay with that,
but again another asterisk. As long as we're doing asterisks today,
we need to be very careful. The government needs to
be very careful that if they are going to reject
somebody for something on their social media, it has to
(11:14):
be within a very narrow and well defined set of reasons,
including overt support of violence, overt support of governmental regimes
that are enemies of the United States of America. I
(11:38):
don't think we need to let a foreign student come
here who is posting publicly about support for the Ayatola
in Iran, which is a different thing.
Speaker 2 (11:47):
Let me be very clear also, that would.
Speaker 1 (11:49):
Be a different thing from saying the US shouldn't get
directly involved in the war.
Speaker 2 (11:53):
Okay. That's not the same as saying I.
Speaker 1 (11:55):
Support the Ayatola, or I support the government of North
Korea or what it might be, or just supporting violence.
Speaker 2 (12:03):
Somebody who is supporting violence.
Speaker 1 (12:05):
Somebody who has expressed let's say, sympathy or gratitude or
any such positive reaction to the October seventh attacks on
Israel should not be allowed to be in the United
States of America as a student. And I don't mean that, Okay.
I want to be again very clear. I don't mean
that everybody who comes here has to be a supporter
of Israel. You could be against you know, quote unquote
(12:28):
Zionism or whatever. But you cannot be a supporter of violence.
So that's the key there. What's going to be a
difficult line to draw, and someone's going to need to
draw it is we can't have a situation where the
United States government is denying student visas to people who
want to come study because those people have different opinions
(12:52):
about policy issues, foreign policy, domestic policy, or anything else
from the government.
Speaker 2 (12:57):
Imagine what will happen We get a big left.
Speaker 1 (12:58):
Wing government and such only we get some conservative foreign
student who wants to come.
Speaker 2 (13:02):
No, it only has to.
Speaker 1 (13:04):
Be based on if somebody is truly supporting enemies of
the United States, not just competitors, but enemies and or
supporting violence anything else, you gotta let them in. But
I do agree with the provision make your social media
accounts public. If you want a student visa, We'll be
(13:27):
right back and I'm gonna answer some of you or
ask me anything questions, Text me any questions you want
me to answer at five six six nine zero, June nineteenth,
and I appreciate your company on this holiday. Yes, this
is this is me live. It's not a recorded show.
I'm I'm really here, and I thought i'd have a
little fun. Hey, you know what, I've been standing, been
(13:47):
standing so far this show. So I'm gonna I'm gonna
lower this mic down. I'm gonna sit down. In that way,
it'll be easier for me to look at the text
line with all your questions. So text me whatever you
want to text me at five six six nine zero
and maybe I'll just start going through some of them
right now. And I'm not gonna answer everything. Ross, how
(14:09):
come you didn't get the day off like Marty? I
could have, but I decided that I would rather since, okay,
I'll give you a little inside baseball. Since this is
a company holiday, I could have the day off if
my program director allows it, and it's completely up to him.
(14:31):
I could request, or he could request of me that
I work on the holiday and then use the day
off another time. And I said, yes, please, I would
like to do that. So there you go. Ross. Do
you have an opinion on trading covered calls? Yes? In general,
I am in favor of any strategy that involves selling
(14:53):
options because usually selling options is a winning strategy. Not always,
but if you are going to own the underlying stock, anyway,
then I really believe in covered calls, especially stuff that's
a little bit or more than a little bit out
of the money. So if you do get called away,
you've got quite a good return, and usually that'll be
(15:15):
a strategy with a better expected return than just buying
the underlying stock. The one way you lose on that
versus just owning the stock is if the stock explodes upwards,
and well, that's the risk you're giving up that potential
huge upside in order to collect some income, or another
(15:36):
way to think about it would be to effectively lower
your your purchase price on the stock. So I am
in favor of trading covered calls in particular, if your
alternative is just owning the stock without selling the covered calls.
If you didn't understand any of that, don't worry about it.
I'm moving on ross. Why does the state fleet include
a new Ford Mustang? Granted it's a crappy Mustang that
(15:57):
doesn't even look like a Mustang, but it's still a Mustang.
So I don't I don't know. I don't know which
fleet you're talking about. Maybe you can elaborate, right if
it's for cop cars. I think one of the things
that the cop car cops like to do is they
like to get cars that don't that aren't all the same.
Because back in the day, when pretty much every cop
had the same car, from some distance, you'd be able
to see a car and know with a pretty high
(16:19):
probability that that's a police officer.
Speaker 2 (16:21):
You would slow down or do whatever.
Speaker 1 (16:23):
So I think they like to be a little bit
more sneaky because it's easier to take your money that way.
Uh ross, What is the best book for an introduction
to libertarianism? Boy, that's a good one, you know. I
there is a book, okay, and I haven't I haven't
looked at it in a long time. Let me let
(16:44):
me see if I even have the have the name right,
But there's a book called Libertarianism a Primer or primer
if you're British, and it's written by David Bo's and
I think David Bose recently passed away, but he was
doing the very senior guys at the Cato Institute for
a long time. Fascinating intellectual guy. And I think that's
(17:07):
quite a good one. Libertarianism a Primer. I think that's
good there. And then when you get like if you
go to that. On Amazon, you may find some recommendations
for a couple of other books, and I think anything
by David Bose is going to be pretty good. But
I would probably start with that Libertarianism a primer, and
then you know, I'm very much of an econ nerd.
(17:30):
So what I might suggest to you is go read
anything by Thomas sol It's not exactly about libertarianism, but
it is about economic freedom that I think is is
very important. So you could read a Conflict of Visions,
or you could read Basic Economics. Almost anything by Thomas
Soul is worth your time. What else? Free to Choose
(17:54):
by Milton Friedman, that's actually a must Free to Choose
by Milton Friedman, another grit great book. All right, morning, Ross,
Do you think Trump drops Bunker Busters this week? Without warning?
I do, the listener said, I do so. A few
days ago, I would have said that this was probably
(18:16):
twenty five or thirty.
Speaker 2 (18:17):
Percent chance of Trump doing that.
Speaker 1 (18:20):
But Trump kind of put himself in a corner a
bit the other day when he on social media threatened
the Iranian regime if the Iranian regime were to keep
targeting civilians, right and not? He said if basically said
if you target American installations anywhere, American people anywhere, or civilians,
(18:44):
And it was clear he was talking about Israeli civilians,
because Israel is targeting military and intelligence and nuclear targets.
And yes, some people have been killed, but I don't
think very many of the people who have been killed
were innocent civilians. There can be collateral damage in war unform, fortunately,
and Israel is not expected. Nobody is expected to prosecute
a just war and have zero civilian casualties.
Speaker 2 (19:06):
But Israel as.
Speaker 1 (19:07):
Always goes out of their way to not harm civilians,
whereas Iran is targeting almost entirely civilians. And I will
note actually that the Iranians targeted and struck an Israeli
hospital overnight, and Israel is really pissed. And now suddenly
Israel is talking a little bit more about killing Kadafi
(19:30):
Kadafi Kamani than they had been in the past. So
going back to Trump, because the listener question is, do
you think Trump drops these bombs given that Trump threatened
you better not attack civilians, given that Iran is still
attacking civilians in Israel and now a hospital, and this
(19:53):
is sort of what ties it all together, differentiating himself
from Barack Obama. Donald Trump has been has been focused
on making sure that if he promises to do something,
he does it. And you think back to his first term. Actually,
let's go back to before the first term. Barack Obama
set a red line about Bashar Asad using chemical weapons
(20:17):
and then didn't enforce it.
Speaker 2 (20:19):
Right Asad did use.
Speaker 1 (20:21):
Chemical weapons on his own people, Barack Obama did nothing,
and just a little while after that, upon seeing Barack
Obama's weakness, Vladimir Putin invaded Crimea.
Speaker 2 (20:34):
That's the way the world works, and so.
Speaker 1 (20:39):
And so.
Speaker 2 (20:41):
Donald Trump in.
Speaker 1 (20:42):
His first term also warned Bashar Asad, who is now
not in power anymore, but warned Bashar Asad, you better
not use chemical weapons on your people. And Asad, having
taken the lesson from Obama that American presidents don't back up.
Speaker 2 (20:59):
Their red lines when ahead, and did it anyway.
Speaker 1 (21:01):
And Donald Trump's response was to send a bunch of
Tomahawk missiles into Syria. Now, they didn't do an immense
amount of damage, and they, you know, maybe unfortunately did
not kill any of Usad's family members. But he got
the message, and we don't think he did it again.
And Trump wants to maintain that reputation as the guy
(21:25):
who says what he means and means what he says,
and will back up his red lines. And so now
that Iran is giving Trump a big middle finger, right,
Trump said unconditional surrender, and Iran said, absolutely not. And
we're preparing, you know, we were preparing our like our
targeting packages to target American military installations in the region
(21:48):
if you do anything to us. So Iran is giving
Donald Trump a big middle finger. And as I said,
Trump kind of put.
Speaker 2 (21:54):
Himself in a corner.
Speaker 1 (21:56):
He sort of boxed himself in and didn't leave himself
very much flexibility, which is normally a thing you want
to do in politics and especially foreign policy. But when
when he said you can't do this or that, and
then Iran does one of them and threatens to do
the other. Well, now, to get more directly to the
listeners question, I think the chance of Donald Trump dropping
(22:19):
one or two massive ordinance what's the p Massive ordinance
penetrators MOP Massive ordinance penetrators, I think that's over fifty percent.
Speaker 3 (22:31):
Now.
Speaker 1 (22:31):
I would have thought thirty percent a few days ago.
Now I think sixty percent within the next week. I
don't know. They got to coordinate with Israel and see
who's doing what and when. But I do think the
odds of the US getting involved directly, but at a
small scale, right a couple of bombing runs and not
too much more than that, and no boots on the ground,
nothing even close to that. I do think that's more likely.
(22:54):
We are also seeing more movement of American ships out
of their bases towards Iran, so I think it's more
likely than not. We do know, by the way, and
I didn't talk about this yesterday. Sorry for such a
long answer. I know there are a lot of questions,
but we do know that Donald Trump signed some kind
of attack plan, which is not the same as giving
the green light for an attack, but is approving the
(23:15):
overall plan. Should the plan should he then decide to
implement the plan? At this point he knows what the
plan is, although of course he could change that too.
So it does seem to be drifting this way.
Speaker 2 (23:31):
Ross.
Speaker 1 (23:31):
How did your Soto weight loss program go? Would you
recommend it? It went great? It went exactly as well
as they said it was going to go. They told
me I would need six weeks to lose the weight,
that I wanted to lose, and it took exactly six weeks.
And would I recommend it, Yes, I would recommend it.
I do recommend it. I've recommended it on the air,
and the only reason I've the only reason I recommend
it is that I'm a true believer and it's worked
(23:51):
for me, and it's worked for every single person I
know who's tried it.
Speaker 2 (23:57):
Ross is an old audio file.
Speaker 3 (23:59):
What speaker do you have?
Speaker 2 (24:01):
That's from Bill?
Speaker 1 (24:03):
Well? All right, I'll tell you if you wanna, if
you want to look up what speakers I have. They're
called voxative v O x A t I V V
o x A t I V and they're from Germany. Uh.
And the model is called nine point eight seven, right,
(24:24):
like a number with decimal places, nine point eight seven.
So that's what I've got, voxative nine point eight seven. Uh. Ross,
the Washington Nationals have lost eleven in a row. They're
not very good anymore. Uh.
Speaker 2 (24:34):
Let's see, Roster.
Speaker 1 (24:35):
Are you familiar with the passive foreign Investment company? Apparently
you invest in certain stocks and it turns into a
tax nightmare. Okay, So I don't really know anything about this. Uh.
I do know there have been a couple of court
cases about it. I've never looked into it for myself,
for for something I might do with my own with
my own investments. But you gotta be really careful when
(24:55):
doing anything involving overseas investing as American, because the taxes
can get very complex, and so you just need to
be careful that you're working with a good accountant and
that you know what all the risks are and all
that stuff.
Speaker 2 (25:10):
So you need to be very careful. From a twelve
year old.
Speaker 1 (25:14):
Girl named Sophia, why is the stock market important? Thank
you for that question, Sophia. The stock market is important
for a couple of reasons. But the main reason that
it's important, and I think this is actually missed by
some people, is that the stock market is one of
(25:36):
the most important ways that companies raise money so that
they can grow. So usually, let let let's talk about
this a little, Sophia. I love getting a question from
a twelve year old. Usually when a company starts, it's small.
And usually when a company starts, it does not start
by being on the stock market where you can buy
(25:57):
and sell the shares on the stock market. And by
the way, Sofia, if you can buy or sell the
shares on the stock market. That is called being a
public company because it means any member of the public
can buy or sell shares of stock, which Sofia, a
share of stock represents a very very small piece of
ownership of the company, and how much ownership it represents
(26:21):
depends on how many shares of stock there are, and
every company has a different number of shares every public company. Okay,
so companies usually start small. So let's say you're going
to start Sofia's lemonade stand company, and your plan is
to have one lemonade stand on the corner of your
block and sell lemonade, and you're just going to see
(26:45):
how it goes.
Speaker 2 (26:46):
And so you don't go issue stock for that.
Speaker 1 (26:49):
You might go to mom and dad, or you might
have your own allowance, or maybe you've even had a
little job already at the age of twelve, and you
have your own money, but you just need twenty bucks.
You need twenty bucks to go buy some some paper
or plastic cups and some lemons and sugar because you're
gonna make your own lemonade. And maybe your mom and
dad already have a table and chair you can borrow
(27:11):
and maybe your little brother or big brother is gonna
work with you, so you don't have to pay salary
to other employees right now while the business is really small.
So you borrow that money. And then let's say your
lemonade stand goes pretty well, and you know, you sell
fifty dollars worth of lemonade, and you pay your parents
back the twenty dollars that you borrowed, if they want
the money back, and then you've got thirty dollars yourself. Okay,
(27:34):
So that thirty dollars yourself, that's called your capital. Now,
and now you think that was so good. I want
to do the lemonade stand every week in the summer,
every weekend in the summer, and not just let's say
once a month. And then let's say that goes well too.
Now I'm going to accelerate the story that goes well too.
And you say, you know what, I want to do
two lemonade stands in two different areas in my neighborhood.
(27:57):
And I'm going to run one and my brother is
going to run the other one several blocks away, so
we're not competing for the same customers. And I need
a little more money for that. So at that point,
maybe you have enough of your own capital already to
buy whatever you need. Maybe you have to go raise
money from someone else. So this point, you go to
your parents because you say, you know what, I need
fifty dollars more than I have to do this, And
(28:19):
they say, I'll give you the fifty dollars, but I
want I want twenty percent of the company. I want
twenty percent of the profits. Your parents will say say, okay,
I'll sell you twenty percent of the company for fifty dollars.
And by the way, just Sophia, I don't want to
give you too much math, but if you sell twenty
percent of the company for fifty dollars, what does that mean.
You're saying the whole company is worth well, twenty percent
(28:42):
of the company is one fifth of the company. You
sold it for fifty dollars, so five times fifty dollars,
you're saying your company is worth two hundred and fifty
dollars at that point, and that could be a fair value.
Then all this goes really well. And now suddenly, Sophia,
it's several years later and you've been doing this for
a while and you're about to graduate from high school,
(29:03):
and you've got the most. You've got seven lemonade stands,
and they're doing well, and you know what works and
what doesn't. And now you want to make this a
nationwide thing. So now what you might do is list
your company, list Sofia's Lemonade on probably at this point
a small stock exchange, and you go to the stock
exchange and you list your shares Sofia's Lemonade Stand. What
(29:27):
will the ticker symbol be s l SI Sofia Sofia's
Lemonade Stand Incorporated. Sls I will be your ticker symbol.
I don't know if that's already a ticker symbol. That's
the Those are the code letters that you use to
identify a stop. So you go list shares and you say,
I want to sell a million shares at a dollar apiece,
(29:54):
and people think your business is worth more than that,
and so you sell the shares, and now your company
has a million dollars and there are a million shares.
And let's say you kept a million shares for yourself
and you sold a million shares, so you own half
the company, and all those people who bought the shares
own half the company. And now your company is worth
two million dollars because you sold half the company for
(30:16):
one million dollars, and now those shares are out there
to trade and people can buy and sell them. And
if you're doing great and making lots of money, the value.
Speaker 2 (30:23):
Of your shares will go up. And if you're doing badly.
Speaker 1 (30:26):
And people don't want lemonade anymore, the value of your
shares will go down. And in the meantime, over time,
you still own your shares, so you could over time
sell them and put that money in your own bank account,
and that's your profit. If the million dollars that you
sold originally was to help you build the business. All right,
I hope that's enough for now, Sophia. I want to
get to one or two other questions, but I hope
(30:49):
you I hope you enjoyed that.
Speaker 2 (30:51):
What's your favorite thing about your radio job?
Speaker 1 (30:54):
Wow? Uh, there are a lot of things I love
about my radio job. I think I'll say two things,
and they're very different things from each other. One is
occasionally feeling like I'm making a difference in how people
think about the world, not just politics, not just economics,
(31:14):
but it could be anything. But occasionally feel like I'm
making a difference is good. And then the other thing
that I love about my job is meeting listeners. I
love traveling with listeners. In fact, go to rosstrip dot
com if you want to see the trip we're doing
next year.
Speaker 2 (31:28):
I love meeting.
Speaker 1 (31:29):
I went to Regan Revolution yesterday and met I don't
know a dozen listeners or however, many people came by
and I got to chat with so many people. I
just I really love the interaction with listeners. And I
shouldn't say just meeting. I love texting with listeners. I
love doing what we're doing right now. I love getting
emails from listeners and responding to them. The interaction is
just so dynamic, and I think that's just fascinating.
Speaker 2 (31:50):
Ross.
Speaker 1 (31:50):
What do you think about naming and renaming and renaming
military bases?
Speaker 2 (31:54):
I think I think there.
Speaker 1 (31:57):
I don't object as much as some people do to
removing the names of Confederate generals from some of our
military bases. I don't think this stuff should really be
a plaything. I also think that some of the folks
on the woke left went too far and are stripping
names from places where the names don't didn't need to
be stripped. Overall, I think the whole subject is a
(32:19):
bad use of people's time.
Speaker 2 (32:21):
Ross, did you go to a Gutfeld show? I sure did.
Speaker 1 (32:23):
I said, in the last seat on the right, as
you're facing the stage on the left, as you're facing
out from the stage, in the first row on a Monday,
when Jamie Lisso is a great comedian who's been in
studio with me a couple of times. He was there,
so I wanted to see him in person. And it
was very interesting. I have to say. All the panelists,
including sort of the straight man, was We're very very funny,
(32:49):
very funny. Gutfeld is funny. Kennedy's extremely funny. Tyrus was
extremely funny. Obviously, Jamie Lisso is a professional comedian and funny.
Speaker 2 (32:58):
And then the other.
Speaker 1 (32:59):
Dude, and I'm blanking on his name, but he was
a Trump advisor and also sort of part of the
Trump outreach to the Hispanic community. And I can see
his face and I can't and I can't remember his name,
but he was really funny too anyway, So that that
was good.
Speaker 2 (33:14):
Ross. When you wear tennis shoes, it is.
Speaker 1 (33:16):
It shoeshoe tie tie or shoe tie, shoe tie, it's
shoe tie. Shoe tie.
Speaker 2 (33:21):
I don't.
Speaker 1 (33:22):
I put on a shoe and I tie it, and
then I put on the other shoe and tie it.
I don't really understand the other way ross. When you
were in Australia, did you go through the Never Never
orgo coast to coast on the Gun Barrel Highway? I
did not.
Speaker 2 (33:33):
I have never been to Western Australia.
Speaker 1 (33:35):
I've been up and down the coast of Eastern Australia
as far south as what Melbourne and Adelaide. I've been
to Canberra as well, and of course Sydney. I lived
in Sydney, and then I've been up the entire eastern
coast from there up through up through Brisbane and Townsville
and cans and up north into the Dane Tree Forest.
(33:56):
But I never went to Western Australia. I really like to.
All Right, that's all I got time for on these questions.
Right now, we'll be right back with Chad Bauer. And well,
now you know, I see intrepid Chad Bauer in studio
with me wearing shorts and a black T shirt that
says hard Rock Cafe Rome. Did you get to put
your mic on? I know it's semi radio Did you
(34:20):
buy that at the hard Rock Cafe in Rome.
Speaker 3 (34:22):
The only place you can buy them. They don't just
sell them on the internet.
Speaker 1 (34:25):
Can't buy it on eBay. Didn't buy it?
Speaker 4 (34:27):
You can probably buy it an okay? No, how long
have you lived in the Denver area?
Speaker 1 (34:32):
Twenty one years?
Speaker 3 (34:32):
I've lived here.
Speaker 4 (34:33):
About six And I saw some something that had the
origin of the city of Denver. I had, I can
feel because I consider myself a history buff, and I
had no idea why Denver is called Denver?
Speaker 3 (34:46):
Do you wow?
Speaker 1 (34:50):
The only thing I can think of would be to
honor John Denver, who passed away much too young. That's
the only thing I can ask.
Speaker 4 (34:58):
That's a really bad guess. It's incorrective chorus. That's actually
kind of an interesting story. It dates back to eighteen
fifty eight when a bunch of dudes left Lawrence, Kansas,
which was then part of Kansas Territory, and then they
came up to Colorado in what would eventually become Denver.
(35:20):
And the party included some names you might recognize, General
William H.
Speaker 3 (35:25):
Larimer, Samuel S.
Speaker 4 (35:26):
Curtis, Edward Wincoop, Charles Blake out of things lap after them,
so they were looking to develop a new town, and
they also wanted their new town to be have the
county seat because that's a that's a big get at
least it was back then and helps development. So they
thought that was a big deal that they got that
so to be able to help them get the county seat.
(35:47):
So you know what we're gonna do. The guy that's
that could do this is the territorial governor of Kansas,
and so we're gonna name this town site after this
guy and to kind of butter him up.
Speaker 3 (35:58):
His name James W. Denver.
Speaker 1 (36:02):
Wow.
Speaker 4 (36:02):
And so they got all the things going, they set
up that they staked out their claim, and then they
went back to Kansas where they were planned.
Speaker 3 (36:10):
On, you know, meeting up with the governor and seeing
what they could do.
Speaker 4 (36:13):
But by the time they got there, the governor, Governor
Denver had actually resigned his governorship. I'd taken a job
as the Commissioner of Indian Affairs, So it was all
for not and of course it all worked out, things
turned out well. But that that is why that Denver
is named after.
Speaker 1 (36:32):
So he was governor of which state Kansas, Kansas Territory,
Jagas Territory here, which encompassed this whole, you know, big area.
Speaker 2 (36:38):
Just one quick thing before you continue.
Speaker 1 (36:40):
Aren't we lucky that the governor of Kansas Territory at
that time wasn't named John Hickenlooper.
Speaker 4 (36:44):
I suppose, so, yeah, that'd be a lot lots of
lots of right, yeah, yeah.
Speaker 2 (36:49):
Yeah, the county, the city and County of Hickenlooper.
Speaker 1 (36:53):
No thanks, all right, keep going.
Speaker 4 (36:54):
But Denver the city did not treat Denver the governor
guy very well over the year. He's actually believed to
be the only living person to visit a US state
capital that was named after them.
Speaker 1 (37:06):
He didn't do it.
Speaker 4 (37:07):
Then, he didn't get there until like the eighteen eighties.
And here's kind of that. This guy was kind of
treated poorly by Denver. And originally when they named the
city after him, they awarded several plots of land to him,
and this was, you know, in eighteen fifty nine, but
by the time he got here in eighteen eighty two
for his first visit, the land had been sold and
(37:29):
re sold many times over. He didn't he decided not
to fight it, so he lost all that land. And
they actually found a letter in nineteen twenty three. Historians
did that he wrote to his friend and this was
like was written in eighteen ninety two, and he had
talked about the two times that he actually had visited Denver.
(37:50):
The first time was in eighteen seventy five to visit
a friend, and apparently this friend basically ghosted him. He said,
the only reason I saw him because I stopped by
his office to see him. So that wasn't a good experience.
Speaker 1 (38:05):
Uh huh.
Speaker 4 (38:05):
And then in eighteen eighty three, in this letter, he
told his friend I received a strong and pressing invitation
from the city council to visit the mineral exposition. He
felt highly complimented. But when he got there, he says,
my reception was very cool. There's nobody to receive us
or to give us any information. I naturally received the
impression there were not many people in Denver who cared.
Speaker 1 (38:29):
That's probably what Joe Biden feels right now.
Speaker 3 (38:31):
Yeah, not many people cared about him.
Speaker 4 (38:32):
About him, poor guy, Yeah, he said, I always take
took a lively interest in the growth of the city
and its interest, had never failed to help it along
when I could. I felt mortified and humiliated when I
was confronted with such a neglect.
Speaker 3 (38:46):
Poor God, poor General Denver.
Speaker 1 (38:48):
Yeah, oh my gosh, I do wonder. I'm not making
a joke here, I do wonder. You know, you take
a guy, so what year was that?
Speaker 4 (38:56):
What eighteen fifty eight was when it was named. But
he didn't get here at till eighteen eighty two to visit. Okay,
So but he.
Speaker 1 (39:02):
Was alive obviously in eighteen fifty eight because they named
it for him, and he would have been an adults
already at that time. Can you imagine, like if you could,
if you could resuscitate one of these guys for ten
minutes and show them what Denver looks like now, you know,
can you imagine the airport and the light rail and
the Broncos Stadium and coursefield and everything.
Speaker 2 (39:23):
It's you know, it's it's amazing.
Speaker 4 (39:25):
Actually, he probably feel a little better about it, Yeah,
think he did back in the eighteen eighties when he's
kind of snubbed.
Speaker 1 (39:31):
Yeah, you feel a little bad for him. Yeah, all right.
So I'm thinking about all the stuff that you that
you said that I was not aware of. Obviously I
didn't know where the name Denver came from. But as
I'm thinking about, like really focusing on each detail, I
think what fascinates me most.
Speaker 2 (39:47):
Actually, so I've.
Speaker 1 (39:49):
Never thought about what percentage of states have capital cities
that are named for people? Right, Yeah, Like I don't know,
is Albany is probably not named for a person, but
I it might be. I don't know. But the fact
that Denver, mister Denver, Governor Denver, is the only person
(40:11):
known to have visited a state capital that was named
for him. That's a pretty fascinating thing that ched. I
did not know.
Speaker 3 (40:20):
Wel Ross, now you know a few.
Speaker 1 (40:22):
Listener texts Albany actually and a rod found the same thing.
Speaker 2 (40:25):
But this is a listener text.
Speaker 1 (40:26):
Albany is the Scottish line of the Duke of York,
so that is essentially named for a person. Another listener
said Golden was the original capital, and I went and
looked that up and that's true. Let me share this
with you actually just for fun. We're just taking it
easy today. It's a holiday, but I'm working and I'm
very grateful that you're listening to me on a holiday,
and especially grateful that twelve year old Sophia is listening.
(40:48):
By the way, Sophia, if you're still listening and you
have any more questions about any more financial market stock
market questions, Sophia, just send me an email please at
Ross at Koa, Denver dot com. Ross at Koadenver dot com.
(41:09):
And Sophia, I absolutely promise I will answer your question
if you send me an email. All right. So, Golden
was founded in eighteen fifty nine, and I'm quoting from
Visitgolden dot com. It became the capital of the federally
recognized Colorado Territory in eighteen sixty two. The territorial legislator
legislature met here until eighteen sixty seven, and a handful
(41:30):
of different buildings, most notably the Loveland Block at the
corner of Washington Avenue on Twelfth Street. When Colorado became
a state in eighteen seventy six, locals were outraged when
Denver snagged the title of state capital, but the loss
of name distinction did nothing to slow Golden's growth. And
it goes on from there. But I'll stop there because
(41:50):
that's just fine. What else did I want to check?
A listener? A listener asked if I know what the
word Colorado means? No, I don't, Ross. Where did you
meet your wife? I think I've told this story a lot,
but I'll give you a very, very very short version.
Speaker 2 (42:05):
I was in Sydney, Australia.
Speaker 1 (42:07):
I saw some ceramics that I liked, and I thought
I would like to get a custom made dinner set
by that artist, you know, like plates and saucers and
maybe cops made by that ceramic artist, because I thought
the ceramics were so beautiful. And so I took a
taxi out to this particular suburb of Sydney that would
be the Denver equivalent of Commerce City, by which I
(42:29):
mean it's a similar distance from Denver, right, not that far,
but you could tell you're in a different place and
very industrial. And I went and knocked on the door
and this girl opened the door wearing overalls and covered
in clay dust and just an absolute mess. And my thought,
my very first thought to myself, was Wow, this chick
is hot and now and now we're married. So that's
(42:54):
that's how I met. Why my wife, Ross? What do
you think about hegseeth wanting to rename the Medgar evership?
Don't care?
Speaker 2 (43:00):
Ross?
Speaker 1 (43:00):
How do we get you? As a guest on Guttfeld's panel.
I do know a guy, I'm just not sure I
know exactly the right person to ask. I just don't
know if they'll say yes, And I'm not sure I
want to put, you know, the person I know in
a position to say no to me. I'm not sure
how I'm gonna how I'm gonna handle that. Ross. Why
(43:20):
can't governors and mayors be charged with harboring fugitives if
they are governors and mayors of sanctuary cities and states,
They're not really harboring. All they're doing is telling their
state and local law enforcement that they can't cooperate with
the federal government. And it's already settled law by the
by the Supreme Court that the federal government cannot force
state and local governments to help enforce federal law. So
(43:44):
as far as that goes, I don't think those guys
can be prosecuted. Last, very quick listener question, Ross, are
you collecting miller moths to give the dragon when he
gets back? And the answer is gosh, I would, but
I've hardly seen any. It is such a weak Miller
moths system. In a way, it's kind of karma that
dragon leaves the country during the one year where there's
(44:07):
a fewest moths. Go Rockies beat the Nationals again, talk
to you tomorrow.
The Ross Kaminsky Show News
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