April 13, 2021 • 38 mins
On this Money Monday edition, John talks bitcoin news, the value of the dollar going down, President Biden having troubles at the border, gun control bills, all things Silicon Valley, and China's global influence. Today's guests: Fernando Uribe, Michael Moe, and Joe Pinion.
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Episode Transcript
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(00:09):
All right, welcome back. Itis Money Monday, Liquid Lunch and you're
watching a little bit of lunch onBIZ TV as you do every single day
to Eastern Also listener on bizin talkradio and the Money staging out Portland.
All friends out there, Good morningyou what's going on with the money stations.
Money. Let's take a quick lookingon the markets down down slightly today,
(00:32):
it's about thirty three points and asDAK also when the red just the
scoche and Bitcoin continues to make itscomeback. Trail popped its head over sixty
thousand over the weekend, retraced alittle bit and as we come into the
top of the hour here bitcoin onceagain above sixty thousand. So things are
looking better there. I feel likea little stabilization in the sixties here could
(00:56):
bring in a whole new wave ofbuying which will excite the markets and I
think pushing to high a lot oflevels. I think you could hold this
sixty thousand level right here. Buteven more exciting is every Monday we lead
off the show with money guests.Fernando Ribe joins me right now. He's
the host of Real Talk on Eyeson NBA and Fernando lots going on out
(01:19):
there, but it seems like somethingyou and I have been talking about for
a while starting to come to theforefront. This whole BLM scam. Turns
out one of the founders is enrichingherself greatly from this stuff. John,
First of all, thanks for havingme back on. It's great about leadoff
here on Money Monday. And letme tell you, I was not shocked
(01:40):
whatsoever to read over the weekend thatPertrees Concolors one of the co founders of
BLM is now again enriching herself andthat everyone who marched last something they got
scammed, clean and simple, theygot scammed to where this is someone who
was vilifying white people at all time, at all, at all moments in
front of the liberal media on socialmedia. Now you know what she feels
(02:04):
that the best place for her tomove to is not a community of color,
but in Beverly Hills. And Ithought the irony was rich, and
it's interesting for all the money thatwas raised last summer, you would think
that BLM would be more interested inhaving community barbecue's John to help. Maybe,
I don't know, families that arestruggling to pay their mortgages. Maybe
(02:25):
sending black kids to college on scholarships, maybe just doing something as simple as
community cleanups. I just found itagain disingenuous. Of course, the liberal
media didn't really go after Patres Concolors, but a lot of people within the
black community went after on Twitter,and rightfully, so, she's a fraud.
And again it's it perpetuates the narrativethat BLM as a movement is fraudulent.
(02:46):
They're perpetuating this sort of scam andguess what, now there are receipts
out there and people are angry,and rightfully so, yeah, I mean
I've been saying this for a whilethat you know, the words together black
lives matter is a simple yes foreveryone. Of course, blacks atter,
All lives matter. But when theyput the hashtag in front of it and
(03:07):
put it in all caps, it'sreally a front organization and they don't really
seemingly care about black lives. Whatthey care about our media friendly black criminal
incidents involving cops anything else is nota priority of theirs. And then they
fundraise like hell off that And nowwe find out this lady's got no less
(03:30):
than four homes, and you know, she's a she's a self about Marxist
socialist and you know, deep deepdown at socialism, they want to eliminate
the middle class. They want theelite class. And then they want to
what any good socialist does, takereap the rewards of society, create an
(03:53):
elite lifestyle for yourself and then justdismiss all the people on the low level.
And what is she doing to aboutCOVID? What is she doing about
minority owned small businesses? Yeah?John, And let me just add this
though too. I mean, Idon't have enough fingers and toes to name
the amount of times that the liberalmedia just does not do its job.
(04:13):
And this is an issue that theyshould be writing about continuously. They should
be reported on it. They shouldbe denouncing her. They should be asking
questions like, again, where isall these millions of dollars have gone?
Is it just to help her byreal estate? Why not help community with
colors again that have been disenfranchised duringCOVID Once again, black families that maybe
can make their mortgage payments, canmake their rents. Why hasn't been Why
(04:38):
hasn't there been a fun created byBLM, the organization to help black families
and black people. It just seemsagain, and it's not nineteen million jobs,
So that was pretty weird if youask me. But I can tell
you this paople To Judge is alsoalleging now that many of our highways in
(05:00):
this nation are racist. So wehave racist highways because they cut. Any
highway that cuts through a lower incomearea is a racist highway. And I
want to rip them down and renamethem and rebuild them. And I don't
know all kinds of craziness do wegot Fernando Backlike Fernando speaking about money being
(05:23):
spent by BLM. David Hogg,the spokesperson after the Florida school shootings,
came out with this progressive pillow companyto challenge my pillow and it seems like
that fizzled out quick, it did, John, And it just it reminds
us all that there are victims ofthe free market. And while David Hogging
(05:46):
and isn't time to his opinion,he's been nothing more than sort of like
a propagandist and an opportunist sort ofyou know, living off the deaths of
his classmates, which again his tragicbut you know, listen, he's one
of these guys on the lap thatfeels that, Hey, I want to
participating, cancel culture and go aftermy pillow and try to come up with
a comparative product. Clearly that hasn'tworked. And for a guy that should
(06:08):
be focused on going to Harvard,because if you will remember he got a
scholarship and a free ride to goto Harvard. He should be more focused
on his education and not pandering untillthese leftist causes or trying to knock out
competitors again in the free market becausehe's not a fan of the my Pillow
CEO's political views or a support ofthe forty vidth president. Again, that's
just another victim of the free market. And you know, good for David
(06:28):
hug you know what, hopefully he'lllearn his lesson. So the weird thing.
Just to wrap it up here,Donald Trump, seemingly coming out a
little more, had an event forSarah Huckaby Sanders, and in a closed
door meeting he supposedly was overhead callingMitch McConnell a dumb sob for not doing
(06:51):
enough him. I personally think MitchMcConnell shriveled and could have done a lot
more to help the president. Iagree with you, John, and listen
This is a guy who was themcjar leader for you know, multiple terms,
and it seems that again at theend of what happened last year with
the election and certainly with this nonsensicalsecond impeachment trial that Mitch McConnell again,
(07:14):
it felt like it's an election yearfor him. He should have had a
spine, he should have stood upwith a forty fifth president, and he
chose not to do so. Nowagain, you know, again, he's
not up for reelection until twenty twentysix, so his seat is safe for
now. But he's a guy thatI think is losing a lot of political
capital. John in the US Senate, a lot of colleagues like Tom Cotton
and others I think are outshining himin terms of being a reasonable and rational
(07:38):
voice. And it remains to beseen what Donald Trump does for twenty twenty
four. Right now, twenty twentytwo, we have House races and Senate
races that will, you know,will determine whether or not Biden's popularity or
lack thereof, will help carry Democratsto keep both chambers of Congress. I
would say that history is not onthe president's side. The opposing party tends
(08:00):
to win the House in the firstmid term. Democrats have more seats up
for grabs this cycle as opposed tolast cycle in the Senate, and it
seems like, you know what,Donald Trump can use his political capital to
the best of his ability, campaignfor candidates like Sarah how could be Sanders
and again try to keep Republicans thatare lifelong politicians to keep them in check.
(08:20):
John. I think that's a goodmove by the by the former president.
But at the same time, Ithink it's important that Mitch mccallull understand
that he doesn't have the power heonce wielded, and I think he needs
to understand that, no doubt aboutit. And over twenty of those Democrat
congressional seats are in Trump plus district, so it's uphill task for Nancy Plos
(08:41):
seeing the Democrats. Fernando, thanksfor joining us. So we had a
little glitch dab, but glad wegot you back. We'll talk to you
soon, brother, God bless you. John. Keep on campaigning. Fernando,
your rebate joins us every Monday tokick called your week in the month
in the legal spot on money month. They will continue to drive you right
through the first hour here Michael mofrom GSD Ventures joins us. Right after
(09:07):
this, they tuned to hear aboutthe Silicon Valley cartels. All right,
(09:33):
welcome back. You're watching the moneyMonday, additional liquid lunch and on Mondays
we try to load you up withinformation on what's happening in the markets and
with your money and your portfolio,all that good stuff coming into the top
of the hour right here. NAZDACdown seventy six, down down fifty four,
a little bit of a dislocation there, and the uh NAZDAC has more
(09:54):
tech stocks, more growth stocks.They got a big boast last week with
all these lu in the infrastructure builtfor solar and wind and power and batteries
and electric cause and all that otherstuff. So then has that had a
big run maybe spewing off a littlebit of those a little bit of a
selloff in there, and Bitcoin ragingover the last couple of days, certainly
(10:16):
over the weekend. Pop it's headabove sixty thousand again, which is a
good sign. And if you couldhold that as a new support level,
that would be good news for peoplewho just recently opened positions there now,
aside from what's happening in the markets. There's a whole load of things going
on in Silicon Valley and that's basicallythe center of the universe right now.
(10:39):
And to talk about all things SiliconValley, we'll join right now by Michael
mo founder and CEO of GSB Holdingsand they invested social media companies. Mike,
how whire you today? Thanks forjoining us, My pleasure. So
Federal Reserve chairman comes out and says, you think the economy is at an
(11:01):
inflection point and there's a lot ofroom to rome. That makes me scared
with all this loose money, zerointerest policy. Um, what do you
guys think from an investor standpoint foryou know, growth companies and companies that
you know are more focused to asa social and taking advantage of digital.
Well, the wind is blown outextremely hard and to your point, you
(11:24):
know, you've got to be carefulthat we're not overheated. I mean,
there's just tremendous amount of stimulus outthere as well as pent up u interests
if people just want to kind ofget going with their lives again. And
so I think with the what thechairman H. Paul is saying, is
this inflection point really is you've gotthe vaccine that is now getting enough coverage
(11:46):
and cost society. You've got theeconomy which is picking up steam, and
you know this inflection point. Couldyou know, there's a delicate dance between
growth and being overheated, and Ithink that's what we got to watch Arey
carefully. Well, I know you'vefocused more on the private and those growth
companies most of my career. Forthe last twenty five years, I've been
(12:09):
a short seller. And when youknow the Reserve chair is talking about this
inflection point going higher, I'm lookingat it as like I would short most
of the things I'm looking at becauseI don't know how much longer we can
sustain the spending and the devaluing ofthe dollar, and I think that's causing
some institutional flight to safety and cryptocurrencyright now. What do you think about
(12:35):
this coin Base ipo? Well,Coinbase is you know, perfectly positioned to
not only continue to capture the growthand cryptocurrency, but really be the platform
that this all materialize. I thinkyou're seeing that in the numbers which are
just spectacular. I mean, thegrowth has been extraordinary. So at that
(13:00):
IPO on Wednesday, it's going tobe interesting. But you know, I
am very bullish long term on theoutlook for for crypto. And you know,
and you talk about sort of thisthe people that are skeptics and talk
about, well, this is allkind of funny money. Well, when
you got the Federal Reserve that hasa printing press, and you know,
you start in to your point,all the you know, all the stimulus
(13:20):
and all the all the money that'swashing around, that scares the daylights out
of me. So um, youknow, I think again, I think
I think the long term outlook forcrypto is really strong. Coin Base is
a really interesting business position sort ofat the center of all this. Yeah,
I tend to agree with you.You know. Um, about five
(13:41):
years ago, I sold my companyto overstock dot Com and we formed a
crypto subsidiary called t zero. Andway back then when we were launching T
zero as the first regulated digital securityplatform, uh, Jamie Diamond warm buffed
the beatership. Everybody out there wastalking about how this is the biggest scam
(14:03):
in history. Um. And nowJP Morgan, Morgan Stanley, all the
big companies are you know, divingin head first, it seems, including
black Rock. Um, you thinka contributing factor of this is a weakening
dollar for sure. I mean it'sit's it's kind of I mean, it's
natural when you have anything that's newon the scene, you know, you
(14:24):
have a lot of skeptics, andyou know, again there's there's sort of
this funny um perverse bias that themore negative you are on something new,
the smarter you're thought to be.But here we are, you know,
five to six, seven, eightyears later, and you look at the
boom and growth and now everybody's jumpingon the bandwagon. You know, I
(14:45):
think it's it's there's a number ofreasons for it. One, it just
sort of makes sense. Here you're, you know, in a global marketplace.
Um, you're in a digital youknow, digital world, and so
this kind of old system of youknow, these these specific countries with their
own currency and the friction that goesbetween commerce between them, and then then
(15:09):
you get into the whole integrity issueis you just discussed. I mean,
you know, it makes makes cryptocurrencylook pretty pretty sane in comparison. So
yeah, I mean I think that'spart of it. I think there's a
lot of reasons for it. ButI think you know, if fomo is
something that's working out the fear ofmissing out. So there's all this contributes
to you know, what's taken place. But I think one all said and
(15:31):
done, it's kind of fundamentals,and it's fundamentals that are leading to interest
in the space. You know,what's the right you know, what's the
right price for bitcoin today? Ihave no earthly idea, but I do
think the fundamentals of this crypto marketplaceand the blockchain technology. You know,
we're really in the early endings ofthis, got it? Yeah, you
know, Um, I'm not quitesure if maybe warm Buffet's not losing a
(15:52):
little off his fastball. He shotdown bitcoin from the beginning last year,
took one of his biggest losses inhistory. Um, maybe the Buffet indicator,
which is flashing right now, isn'tas strong as it once was.
Yeah, So look, Warren Buffettis you know, I think probably indisputably
(16:14):
the greatest investor of all time,and you certainly wouldn't, you know,
do well embedding against him. Butyou know, things change and they evolve.
I mean, the fundamentals of futurecash flows to come back today ultimately
being the value of business, youknow, I think are still true.
But how you get there, Ithink is different. And so I mean
(16:36):
when you look at this buffet indicator, which is the market capitalization of the
of the public marketplace divided by GDP, and now it's two hundred percent,
and that's historically that's that's screaming asales signal. Well, you know,
I mean the fact of the matteris in the way that you know,
public markets work and sort of disproportioningsize gains to leaders and so forth.
(17:00):
It's sort of it's sort of youknow, it's it's kind of like the
NFL or the or the NFC orthe AFC win the Super Bowl. You
know, it's interesting, But Idon't know that necessarily that that's something that
really indicates being something overvalued or undervalued. And and you know, I think
you gotta stay fresh and current withwhat's going on, and you gotta dance
with the music that's playing. Andso the music that's playing right now,
you gotta you gotta be in tunewith it. Well, yeah, if
(17:23):
I was doing a dance right nowwould be the moonwalk away from overheated stocks.
But uh, hey, Mike,thanks for joining us. I really
appreciated great insight. It's great thoughtsfor us. Michael Moe is the founder
and CEO of GSB Holdings, anduh, quite a great guest. Thank
you, my friends, appreciate it. Great to be with you. Thank
(17:45):
you. All right, we'll takea quick break. We'll come back after
this with Joe Pinion from the fascistgrown cable network in America, Newsmax TV's
Saturday Agenda right after this. Alrighty, welcome back. You're watching looquid lunch
(18:21):
and uh it is money Monday.Yes, it's money Monday. Indeed kicked
it off, Fernando, you rebateand uh also recently joined by Michael Moe,
the founder of GSD Global Silkon Ventures, and Michael mo had some great
observations all what's happened with market andcryptocurrency and coming in here just about halfway
(18:47):
through the top of the hour inNew York. Um down down just as
coach, uh as we're coming heredown forty and unas back down thirty six
pitcoining JF. Cook's had a upsixty thous and hopefully we'll hold this time,
which will be good news for anyof you who are in bitcoin,
because I think if it hold sixtyhere it goes a lot higher on this
(19:11):
will establish a new support level.But usually on Mondays we're joined by my
good buddy, Joey Pinion. He'sthe host of the Saturday Agenda on Newsmax
TV, the best grown cable networkin America. Do we have Joe Mike?
All right, we're joining right nowby Joe Opinion. Hey, Joey
(19:32):
Hawaii was going on my friend.Happy Monday to you, Same to you,
my friend. You know, wegot a lot to talk about today.
But the Senate, I guess it'strying to push a bill out there
to limit China's global influence. AndI don't know if a Senate bill is
actually going to do anything because theyare like a plague on the globe right
(19:53):
now. Well, look, Ithink the first issue we have to deal
with is the fact that bills areone thing. Also being able to set
the tone as leader of the freeworld is another. We have a Biden
administration that has been using toy glovesto play with China, has been using
(20:14):
toy gloves you play with Russia.After China and Russia was all Democrats could
talk about for the better part ofthe last four years because they thought that
Donald Trump was a disaster on thatfront. What we've seen from the Biden
administration thus far is everything except leadership. It is the epitome of weakness.
We just saw the dead China becomingthe first major economy to have the digital
(20:37):
currency, the digital Duan. Nowthe US still lagging behind there when it
comes to at the actual crypto dominance. You look at the fact that right
now you have China and Iran cementingthat four hundred billion dollars actual energy compact
that they've put together. Now,good luck trying to keep RAN off the
(20:57):
track towards being a new for yourpower of good luck trying to keep RAN
from meddling Indie peace efforts that wehave endeavored to have in the Middle East.
So again, little by little,this administration has taken their eyes off
the ball because, as I saidthis past weekend, they believe their only
obligation is to not be Trump.And I can tell you right now,
(21:18):
not being Trump is not going toallow America to remain the pmin in power
on the planet. One of thebig criticisms on Trump by the left all
the while was Helies exaggerates. Hesays things that aren't true, and yesterday,
certainly no fan of Donald Trump,Chris Wallace seemed to catch people to
Judge in the fans down Blue toJudge out there talking about nineteen million jobs
(21:44):
from the infrastructure, Billy and Whilescalled him on it, said, wait
a minute, sixty million to becreated anyhow, this is really only three
million, and vo to Judge hasto say, oh, yeah, so
that was like a six times exaggeration. Well, look, let's be very
clear what's become very apparent should bevery apparent for the average American right now
(22:06):
that you can't trust anybody. Youlook at what happened with the sixty minutes
fiasco where they actly ignored individuals,many of whom were Democrats, telling them
the story that they cooked up onRon Descantis was fraudulent. They pushed it
forth anyway with a scope and narrativethey knew was false. You look at
(22:26):
what's happening right now with the administrationon the far left trying to put stuff
together that then, in many waysis dishonest. When you here talking about
the border crisis being a result ofTrump policies, how will the world can
the border crisis be a result ofTrump policies if the first thing Biden did
when they got an office was toreverse and rescind those Trump policies. So
(22:48):
look, at some point we justhave to have a conversation about the fact
that everyone is lying to the Americanpeople. The American people are being left
behind, the American interests are startingto flounder on the world stage, and
we have a responsibility to ourselves toget informed, We have a responsibility to
ourselves to get involved. And ifwe can't recognize that under that very soon,
(23:12):
then America will be left behind.Well, Joe, when you say
everybody is lying to Americans, Iwould like to exclude you and I from
that because I think you and Itend to put it in real talk.
And you know, for those ofyou who don't know, you can catch
(23:33):
Joe every Saturday on Newsmax TV,the best grown cable network in America,
on the Saturday Agenda, and youcan catch them all other times. He's
like he's a man for all seasons. He's on every show on the network.
But Joe, how good is it, um, you know you were
with us and you were on everynetwork. How nice is it to know
you got a weekly spot to getout there and put some real news out
(23:57):
to the people. Well, look, I think it's been refreshing to be
able to put forth ideas talk aboutwhere I think the gaps are in the
knowledge base for the people. Iffor no other reason that we're not talking
about what's happening in the world,I think it's often telling it's not what
people talk about when they're out ofpower, but what people do when they're
(24:18):
in power. And we've seen thisby the administration has gone out of their
way to appease the interests of peoplewho do not live in this nation,
to try to coddle the concerns ofpeople who have not come to this country
legally. And so yeah, whenyou look at what's happening right now,
you have the boycott of Jim Crowvoter laws down in Georgia. Meanwhile,
(24:41):
you have the presidents sitting there inpress confidence saying that amendments are not absolute,
which, as I said this pastweekend, was perhaps the most terrifying
statement any president has made and theentirety of my lifetime. So, look,
we've got some real threats here athome to the American way of life,
to American values. We have imminentthreats abroad that threatened to compromise not
(25:06):
just American style leadership, but alsothe world order that we take for granted.
So we just have to make surethat we are committed to doing the
work as citizens of this great countryto ensure that our constitutional republic stands,
because if we sit back and donothing, I promise you, the left
is heard at work to try tomake America something was never intended to be.
(25:27):
Well, you had Charles Schumer sayright before the Georgia's special elections,
We're gonna win Georgia and then we'regonna change America. Ye wasn't joking,
Thank god, Thank god, fromone Democrat, Joe Mansion, who seems
to be until now standing kind ofto all here, and he's actually stopping
(25:51):
some of the craziness in this agenda. How important is Joe Mansion to our
democracy right now? Well, look, I think it's not as Joe Manchin.
I think that there are a fewother quietly as as kept members of
the House who, if for noother reason, recognize that they'll won't have
a job come twenty twenty two ifthey sign up and rubber stamp this insanity
(26:15):
that Nancy Pelosi is trying to cajolethe entirety of the House into so you
know, to be clear, wespent more money bailing out people when it
came to COVID before Biden ever puthis hand in the Bible that we spent
on the war in Iraq and Afghanistancombined. Joe Biden is trying to take
credit for saving the world economy,for spending two trillion dollars on a COVID
(26:40):
relief bill that had very little todo with COVID. Much of that money
actually backdated, so a lot ofthat money that he has allocated doesn't even
get sent to the States or foranother two years, three years, four
years. The checks that they actuallygo to American people, many of them
haven't even arrived in the mailboxes yet. So, you know, if we're
going to have people who are soconcerned with truth and the American way and
(27:06):
honesty, the coverage of what hashappened here, this fake recovery that's being
attributed to Biden is the height ofhypocrisy, the embodiment of dishonesty. And
you know, at the end ofthe day, when the history books are
written, they'll talk about the factof the jobs that were saved in the
midst of a global pandemic that theexpert to everyone loves to talk about said,
(27:30):
what's going to claim the lives ofover two million Americans. That's not
a Republican talking point. That's inthe intelligence briefings that were later declassified.
That's what the news was reporting.So it's just it's really crazy. At
the end of the day, youknow, we're actually behind pace from what
the Trump administration said you're going tobe at when we had the vaccination process.
(27:53):
We're behind pace where we were supposedto be when we started talking about
the job growth. We still haveeight million Americans who had jobs a year
ago. We don't have jobs now. So there's still work to do.
And again, as I've said beforethis, if this administration and the American
people think Joe Biden's sole job wasto beat President Trump and now that he's
(28:15):
done that, his responsibilities to thepresidency are complete, then America will be
finished. Well, let's hope wecan do something to change that job.
But I know you're trying every dayand every week. Role are watching out
there Monday to Friday. Of courseyou gotta watch good lunch, but on
Saturday when you're home, crack opena cold one. Put on Saturday Agenda
(28:40):
because you get some real talk froma real guy, and Joey Opinion calls
it like it is. Joe,Thank you so much, brother. I
always appreciate you joining a sweethe brother. Talk soon. All right, all
right, you out there now,if you're thinking about drinking some bourbon or
some whiskey, guess why it's gonnaget a lot more expensive because all kinds
of tariffs are coming on the whiskeymakers and the scotch makers and all that
(29:03):
stuff. So they're probably gonna havethe raised prices here. So upset,
what's happening around the world. Um, we'll take a quick break. We'll
come back and talk more about what'shappening well your alcohol consumption, Um.
Number one, Whiskey and wine exportsare gonna have a summer of tariffs,
and right here in New York thecurfew continued. We'll be back right after
(29:27):
this lunch. And it is moneyMonday, and uh, you know we're
(29:51):
all here on Loo with lunch.We tend to have a drink here and
there, maybe a little cocktail.Um, you know, we'll have of
co or maybe sometimes a little sketch, sometimes a little laca. I like
myself a little bourbon to wash downa nice liquid lunch. But here in
(30:11):
New York, lots of crazy stuffgoing on. Before we get into what
this meniac of a governor we gotis doing, let's take a look in
on the markets. Thirty three theDow at thirty three seven fifty seven,
down forty two one day, andnothing really to see that, just a
little smidgeon of a sell off.Maybe Nazdack down forty as well, coming
(30:33):
into line with the Dow still alittle down, a little bit more than
it should be as compared to theDOO and Bitcoin just above sixty thousand and
sixty thousand, two hundred. Andthat's good news for those of you who
are involved in cryptocurrency like I am. Um. If you're involved in living
(30:53):
in a blue city or blue statewith these continued arbitrary lockdowns, I feel
bad for you, because I knowhow I feel. Now Here in New
York they passed this ridiculous and arbitrarygovernor's edict that you can't go to a
restaurant and just order a drink.You must have food in front of you
(31:15):
at the same time, because ifyou're dining, then you're not susceptible to
COVID, but if you're only drinking, then you're susceptible to COVID. I
guess, and they're calling him nowthe drink Tater. As governor and dictator
Andrew Cuomo extends the no food,no alcohol rule, the city restaurants are
(31:44):
now allopp into a dining ft fiftypercent and they still have, of course
a prohibition on drinking without eating,as well as you have to shut down
by eleven o'clock because to COVID monstervisits the bars in the restaurants at eleven
sharp, so everything is shut down. All friends actually even up in Rochester,
(32:08):
my buddy Don Schwartz from Venito ColfiPizza. They got about ninety restaurants
together upstate and pushed back against thegovernor against the curfew rules, and they
won at the local court at thestate court. And believe it or not,
despite the fact that Governor Angew Cuomohere in New York has allegedly killed
(32:30):
about fifteen thousand seniors and allegedly sexuallyharassed or assaulted no less than ten women,
he still has his goon squad outthere fighting the fight, and they
went into appellate court and overturned theruling of an upstate judge that allowed the
(32:50):
ninety restaurants to stay open past eleveno'clock. So that order has been set
aside, and now upstate and downstateyou can only be open till eleven because
the COVID monster, I guess,comes out at eleven, which is a
spooky thing if you think about it, because you know, I don't know
how anyone can tell us exactly wherethe COVID monster is. But the Governor
(33:15):
of New York has his own healthdepartment out with some stats saying that one
point four percent of the transmission ofCOVID is in bars and restaurants, seventy
percent is in the home. Andthese idiots want to keep forcing us back
into the home. Now, asmany of you may know, I am
(33:35):
engaged in a race here in NewYork City to run for control the man
who controls the purse strings of NewYork City. And another candidate, who
a candidate who I will be opposing, is Michelle Caruso Cabrera Form, a
CNBC talk show host who's now parlaidher skills reporting on the News into being
(33:58):
someone that actually knows about finances andbusiness because she reported on it and read
off teleprompt or. I would assumefailed bid last year to take on Alexandria
Ocasio Cortez for Congress, originally thoughtshe'd run for mayor, and now somehow
has figured her way into the controllersrace. But one decent thing I've seen
(34:21):
from Michelle Caruso Cabrera is this.She's quoted in the New York Post this
weekend calling for an investigation into aDepartment of Education spending under Boe Doeesar Kranza.
Now, for those of you aroundthe country, this is probably happening
(34:44):
in all your cities, in allyour states. But here's how it goes.
Okay, this guy Kranza was broughtinto New York City to overhaul the
Department of Education and bring a wholenew way of learning and all this other
crap. Right after a couple ofyears of complete failures. He stepped down,
and he said because he lost somefamily members due to COVID and he's
(35:07):
going to take some time away andthen lo and behold, pomp, pomp,
pomp. Before you get blink aneye, he's announced as a new
employee of this company, i LexSystems or Ilex Education. Now, this
company, oddly enough, was avendor to New York City and under Commissioner
(35:31):
Kranza, over three million dollars worthof New York City taxpayer dollars were pumped
into this company. Now, asidefrom the fact that it reeks reeks of
corruption, that someone would leave apaid position in the public sector and join
(35:52):
a company in the private sector whothey just, oh, by the way,
happened to spend a few million dollars, is padding the coffers of that
company while you are the doe bossand now you're working for them. So
I'd love to see the terms ofthat competition agreement. But on top of
it, it sounds like a conflictto me if you ask me. And
(36:14):
also, they spent more than wasallocated for them to spend. So there
are all kinds of things that Iwould imagine need to be looked at there.
And good catch by Michelle Caruso Cabrera. I don't know how great that's
gonna do for her campaign. She'slagging in all the polls, that's for
(36:35):
sure, and she's certainly not progressiveenough for the people of this city because
she got other whacked out lulu's likeCorey Johnson and Bradon Lander, these left
wing progressives who are committed to defundingthe police and destroying our city. So
but good catch by Michelle Caruso Cabrera. Also, Andrew Yang, one time
(36:57):
presidential candidate, has said sights onthe New York City mayoral race and the
mayoral candidates here in New York continueto confuse me, like, seriously confuse
me. We are facing a financialarmor gedding like never before seeing here in
New York City. We have recordcrime, we have record violence, we
(37:20):
have record shootings. Okay, allthese numbers up significantly. We've defunded the
police, We've eliminated the anti crimeunit, which was people who were taking
guns off the street. And youstart wondering, well, like, what
what's actually going on here in NewYork City. We're getting crushed from every
way. Small businesses are still severelywhacked out. And you know, Andrew
(37:45):
Yang, presidential candidate, his mainfocus this weekend was illegal street vendors.
Not our biggest problem, Andrew.We'll take a quick break, we'll come
back and kick off hour or tworight after this Farewell to our friends out
on the biz Talk and Money Station. Will see you tomorrow. SAT.
Bad Time you say Bad Chattle theRescue will see in just one minute
All right, welcome back. Itis Money Monday, Liquid Lunch and you're
watching a little bit of lunch onBIZ TV as you do every single day
to Eastern Also listener on bizin talkradio and the Money staging out Portland.
All friends out there, Good morningyou what's going on with the money stations.
Money. Let's take a quick lookingon the markets down down slightly today,
(00:32):
it's about thirty three points and asDAK also when the red just the
scoche and Bitcoin continues to make itscomeback. Trail popped its head over sixty
thousand over the weekend, retraced alittle bit and as we come into the
top of the hour here bitcoin onceagain above sixty thousand. So things are
looking better there. I feel likea little stabilization in the sixties here could
(00:56):
bring in a whole new wave ofbuying which will excite the markets and I
think pushing to high a lot oflevels. I think you could hold this
sixty thousand level right here. Buteven more exciting is every Monday we lead
off the show with money guests.Fernando Ribe joins me right now. He's
the host of Real Talk on Eyeson NBA and Fernando lots going on out
(01:19):
there, but it seems like somethingyou and I have been talking about for
a while starting to come to theforefront. This whole BLM scam. Turns
out one of the founders is enrichingherself greatly from this stuff. John,
First of all, thanks for havingme back on. It's great about leadoff
here on Money Monday. And letme tell you, I was not shocked
(01:40):
whatsoever to read over the weekend thatPertrees Concolors one of the co founders of
BLM is now again enriching herself andthat everyone who marched last something they got
scammed, clean and simple, theygot scammed to where this is someone who
was vilifying white people at all time, at all, at all moments in
front of the liberal media on socialmedia. Now you know what she feels
(02:04):
that the best place for her tomove to is not a community of color,
but in Beverly Hills. And Ithought the irony was rich, and
it's interesting for all the money thatwas raised last summer, you would think
that BLM would be more interested inhaving community barbecue's John to help. Maybe,
I don't know, families that arestruggling to pay their mortgages. Maybe
(02:25):
sending black kids to college on scholarships, maybe just doing something as simple as
community cleanups. I just found itagain disingenuous. Of course, the liberal
media didn't really go after Patres Concolors, but a lot of people within the
black community went after on Twitter,and rightfully, so, she's a fraud.
And again it's it perpetuates the narrativethat BLM as a movement is fraudulent.
(02:46):
They're perpetuating this sort of scam andguess what, now there are receipts
out there and people are angry,and rightfully so, yeah, I mean
I've been saying this for a whilethat you know, the words together black
lives matter is a simple yes foreveryone. Of course, blacks atter,
All lives matter. But when theyput the hashtag in front of it and
(03:07):
put it in all caps, it'sreally a front organization and they don't really
seemingly care about black lives. Whatthey care about our media friendly black criminal
incidents involving cops anything else is nota priority of theirs. And then they
fundraise like hell off that And nowwe find out this lady's got no less
(03:30):
than four homes, and you know, she's a she's a self about Marxist
socialist and you know, deep deepdown at socialism, they want to eliminate
the middle class. They want theelite class. And then they want to
what any good socialist does, takereap the rewards of society, create an
(03:53):
elite lifestyle for yourself and then justdismiss all the people on the low level.
And what is she doing to aboutCOVID? What is she doing about
minority owned small businesses? Yeah?John, And let me just add this
though too. I mean, Idon't have enough fingers and toes to name
the amount of times that the liberalmedia just does not do its job.
(04:13):
And this is an issue that theyshould be writing about continuously. They should
be reported on it. They shouldbe denouncing her. They should be asking
questions like, again, where isall these millions of dollars have gone?
Is it just to help her byreal estate? Why not help community with
colors again that have been disenfranchised duringCOVID Once again, black families that maybe
can make their mortgage payments, canmake their rents. Why hasn't been Why
(04:38):
hasn't there been a fun created byBLM, the organization to help black families
and black people. It just seemsagain, and it's not nineteen million jobs,
So that was pretty weird if youask me. But I can tell
you this paople To Judge is alsoalleging now that many of our highways in
(05:00):
this nation are racist. So wehave racist highways because they cut. Any
highway that cuts through a lower incomearea is a racist highway. And I
want to rip them down and renamethem and rebuild them. And I don't
know all kinds of craziness do wegot Fernando Backlike Fernando speaking about money being
(05:23):
spent by BLM. David Hogg,the spokesperson after the Florida school shootings,
came out with this progressive pillow companyto challenge my pillow and it seems like
that fizzled out quick, it did, John, And it just it reminds
us all that there are victims ofthe free market. And while David Hogging
(05:46):
and isn't time to his opinion,he's been nothing more than sort of like
a propagandist and an opportunist sort ofyou know, living off the deaths of
his classmates, which again his tragicbut you know, listen, he's one
of these guys on the lap thatfeels that, Hey, I want to
participating, cancel culture and go aftermy pillow and try to come up with
a comparative product. Clearly that hasn'tworked. And for a guy that should
(06:08):
be focused on going to Harvard,because if you will remember he got a
scholarship and a free ride to goto Harvard. He should be more focused
on his education and not pandering untillthese leftist causes or trying to knock out
competitors again in the free market becausehe's not a fan of the my Pillow
CEO's political views or a support ofthe forty vidth president. Again, that's
just another victim of the free market. And you know, good for David
(06:28):
hug you know what, hopefully he'lllearn his lesson. So the weird thing.
Just to wrap it up here,Donald Trump, seemingly coming out a
little more, had an event forSarah Huckaby Sanders, and in a closed
door meeting he supposedly was overhead callingMitch McConnell a dumb sob for not doing
(06:51):
enough him. I personally think MitchMcConnell shriveled and could have done a lot
more to help the president. Iagree with you, John, and listen
This is a guy who was themcjar leader for you know, multiple terms,
and it seems that again at theend of what happened last year with
the election and certainly with this nonsensicalsecond impeachment trial that Mitch McConnell again,
(07:14):
it felt like it's an election yearfor him. He should have had a
spine, he should have stood upwith a forty fifth president, and he
chose not to do so. Nowagain, you know, again, he's
not up for reelection until twenty twentysix, so his seat is safe for
now. But he's a guy thatI think is losing a lot of political
capital. John in the US Senate, a lot of colleagues like Tom Cotton
and others I think are outshining himin terms of being a reasonable and rational
(07:38):
voice. And it remains to beseen what Donald Trump does for twenty twenty
four. Right now, twenty twentytwo, we have House races and Senate
races that will, you know,will determine whether or not Biden's popularity or
lack thereof, will help carry Democratsto keep both chambers of Congress. I
would say that history is not onthe president's side. The opposing party tends
(08:00):
to win the House in the firstmid term. Democrats have more seats up
for grabs this cycle as opposed tolast cycle in the Senate, and it
seems like, you know what,Donald Trump can use his political capital to
the best of his ability, campaignfor candidates like Sarah how could be Sanders
and again try to keep Republicans thatare lifelong politicians to keep them in check.
(08:20):
John. I think that's a goodmove by the by the former president.
But at the same time, Ithink it's important that Mitch mccallull understand
that he doesn't have the power heonce wielded, and I think he needs
to understand that, no doubt aboutit. And over twenty of those Democrat
congressional seats are in Trump plus district, so it's uphill task for Nancy Plos
(08:41):
seeing the Democrats. Fernando, thanksfor joining us. So we had a
little glitch dab, but glad wegot you back. We'll talk to you
soon, brother, God bless you. John. Keep on campaigning. Fernando,
your rebate joins us every Monday tokick called your week in the month
in the legal spot on money month. They will continue to drive you right
through the first hour here Michael mofrom GSD Ventures joins us. Right after
(09:07):
this, they tuned to hear aboutthe Silicon Valley cartels. All right,
(09:33):
welcome back. You're watching the moneyMonday, additional liquid lunch and on Mondays
we try to load you up withinformation on what's happening in the markets and
with your money and your portfolio,all that good stuff coming into the top
of the hour right here. NAZDACdown seventy six, down down fifty four,
a little bit of a dislocation there, and the uh NAZDAC has more
(09:54):
tech stocks, more growth stocks.They got a big boast last week with
all these lu in the infrastructure builtfor solar and wind and power and batteries
and electric cause and all that otherstuff. So then has that had a
big run maybe spewing off a littlebit of those a little bit of a
selloff in there, and Bitcoin ragingover the last couple of days, certainly
(10:16):
over the weekend. Pop it's headabove sixty thousand again, which is a
good sign. And if you couldhold that as a new support level,
that would be good news for peoplewho just recently opened positions there now,
aside from what's happening in the markets. There's a whole load of things going
on in Silicon Valley and that's basicallythe center of the universe right now.
(10:39):
And to talk about all things SiliconValley, we'll join right now by Michael
mo founder and CEO of GSB Holdingsand they invested social media companies. Mike,
how whire you today? Thanks forjoining us, My pleasure. So
Federal Reserve chairman comes out and says, you think the economy is at an
(11:01):
inflection point and there's a lot ofroom to rome. That makes me scared
with all this loose money, zerointerest policy. Um, what do you
guys think from an investor standpoint foryou know, growth companies and companies that
you know are more focused to asa social and taking advantage of digital.
Well, the wind is blown outextremely hard and to your point, you
(11:24):
know, you've got to be carefulthat we're not overheated. I mean,
there's just tremendous amount of stimulus outthere as well as pent up u interests
if people just want to kind ofget going with their lives again. And
so I think with the what thechairman H. Paul is saying, is
this inflection point really is you've gotthe vaccine that is now getting enough coverage
(11:46):
and cost society. You've got theeconomy which is picking up steam, and
you know this inflection point. Couldyou know, there's a delicate dance between
growth and being overheated, and Ithink that's what we got to watch Arey
carefully. Well, I know you'vefocused more on the private and those growth
companies most of my career. Forthe last twenty five years, I've been
(12:09):
a short seller. And when youknow the Reserve chair is talking about this
inflection point going higher, I'm lookingat it as like I would short most
of the things I'm looking at becauseI don't know how much longer we can
sustain the spending and the devaluing ofthe dollar, and I think that's causing
some institutional flight to safety and cryptocurrencyright now. What do you think about
(12:35):
this coin Base ipo? Well,Coinbase is you know, perfectly positioned to
not only continue to capture the growthand cryptocurrency, but really be the platform
that this all materialize. I thinkyou're seeing that in the numbers which are
just spectacular. I mean, thegrowth has been extraordinary. So at that
(13:00):
IPO on Wednesday, it's going tobe interesting. But you know, I
am very bullish long term on theoutlook for for crypto. And you know,
and you talk about sort of thisthe people that are skeptics and talk
about, well, this is allkind of funny money. Well, when
you got the Federal Reserve that hasa printing press, and you know,
you start in to your point,all the you know, all the stimulus
(13:20):
and all the all the money that'swashing around, that scares the daylights out
of me. So um, youknow, I think again, I think
I think the long term outlook forcrypto is really strong. Coin Base is
a really interesting business position sort ofat the center of all this. Yeah,
I tend to agree with you.You know. Um, about five
(13:41):
years ago, I sold my companyto overstock dot Com and we formed a
crypto subsidiary called t zero. Andway back then when we were launching T
zero as the first regulated digital securityplatform, uh, Jamie Diamond warm buffed
the beatership. Everybody out there wastalking about how this is the biggest scam
(14:03):
in history. Um. And nowJP Morgan, Morgan Stanley, all the
big companies are you know, divingin head first, it seems, including
black Rock. Um, you thinka contributing factor of this is a weakening
dollar for sure. I mean it'sit's it's kind of I mean, it's
natural when you have anything that's newon the scene, you know, you
(14:24):
have a lot of skeptics, andyou know, again there's there's sort of
this funny um perverse bias that themore negative you are on something new,
the smarter you're thought to be.But here we are, you know,
five to six, seven, eightyears later, and you look at the
boom and growth and now everybody's jumpingon the bandwagon. You know, I
(14:45):
think it's it's there's a number ofreasons for it. One, it just
sort of makes sense. Here you're, you know, in a global marketplace.
Um, you're in a digital youknow, digital world, and so
this kind of old system of youknow, these these specific countries with their
own currency and the friction that goesbetween commerce between them, and then then
(15:09):
you get into the whole integrity issueis you just discussed. I mean,
you know, it makes makes cryptocurrencylook pretty pretty sane in comparison. So
yeah, I mean I think that'spart of it. I think there's a
lot of reasons for it. ButI think you know, if fomo is
something that's working out the fear ofmissing out. So there's all this contributes
to you know, what's taken place. But I think one all said and
(15:31):
done, it's kind of fundamentals,and it's fundamentals that are leading to interest
in the space. You know,what's the right you know, what's the
right price for bitcoin today? Ihave no earthly idea, but I do
think the fundamentals of this crypto marketplaceand the blockchain technology. You know,
we're really in the early endings ofthis, got it? Yeah, you
know, Um, I'm not quitesure if maybe warm Buffet's not losing a
(15:52):
little off his fastball. He shotdown bitcoin from the beginning last year,
took one of his biggest losses inhistory. Um, maybe the Buffet indicator,
which is flashing right now, isn'tas strong as it once was.
Yeah, So look, Warren Buffettis you know, I think probably indisputably
(16:14):
the greatest investor of all time,and you certainly wouldn't, you know,
do well embedding against him. Butyou know, things change and they evolve.
I mean, the fundamentals of futurecash flows to come back today ultimately
being the value of business, youknow, I think are still true.
But how you get there, Ithink is different. And so I mean
(16:36):
when you look at this buffet indicator, which is the market capitalization of the
of the public marketplace divided by GDP, and now it's two hundred percent,
and that's historically that's that's screaming asales signal. Well, you know,
I mean the fact of the matteris in the way that you know,
public markets work and sort of disproportioningsize gains to leaders and so forth.
(17:00):
It's sort of it's sort of youknow, it's it's kind of like the
NFL or the or the NFC orthe AFC win the Super Bowl. You
know, it's interesting, But Idon't know that necessarily that that's something that
really indicates being something overvalued or undervalued. And and you know, I think
you gotta stay fresh and current withwhat's going on, and you gotta dance
with the music that's playing. Andso the music that's playing right now,
you gotta you gotta be in tunewith it. Well, yeah, if
(17:23):
I was doing a dance right nowwould be the moonwalk away from overheated stocks.
But uh, hey, Mike,thanks for joining us. I really
appreciated great insight. It's great thoughtsfor us. Michael Moe is the founder
and CEO of GSB Holdings, anduh, quite a great guest. Thank
you, my friends, appreciate it. Great to be with you. Thank
(17:45):
you. All right, we'll takea quick break. We'll come back after
this with Joe Pinion from the fascistgrown cable network in America, Newsmax TV's
Saturday Agenda right after this. Alrighty, welcome back. You're watching looquid lunch
(18:21):
and uh it is money Monday.Yes, it's money Monday. Indeed kicked
it off, Fernando, you rebateand uh also recently joined by Michael Moe,
the founder of GSD Global Silkon Ventures, and Michael mo had some great
observations all what's happened with market andcryptocurrency and coming in here just about halfway
(18:47):
through the top of the hour inNew York. Um down down just as
coach, uh as we're coming heredown forty and unas back down thirty six
pitcoining JF. Cook's had a upsixty thous and hopefully we'll hold this time,
which will be good news for anyof you who are in bitcoin,
because I think if it hold sixtyhere it goes a lot higher on this
(19:11):
will establish a new support level.But usually on Mondays we're joined by my
good buddy, Joey Pinion. He'sthe host of the Saturday Agenda on Newsmax
TV, the best grown cable networkin America. Do we have Joe Mike?
All right, we're joining right nowby Joe Opinion. Hey, Joey
(19:32):
Hawaii was going on my friend.Happy Monday to you, Same to you,
my friend. You know, wegot a lot to talk about today.
But the Senate, I guess it'strying to push a bill out there
to limit China's global influence. AndI don't know if a Senate bill is
actually going to do anything because theyare like a plague on the globe right
(19:53):
now. Well, look, Ithink the first issue we have to deal
with is the fact that bills areone thing. Also being able to set
the tone as leader of the freeworld is another. We have a Biden
administration that has been using toy glovesto play with China, has been using
(20:14):
toy gloves you play with Russia.After China and Russia was all Democrats could
talk about for the better part ofthe last four years because they thought that
Donald Trump was a disaster on thatfront. What we've seen from the Biden
administration thus far is everything except leadership. It is the epitome of weakness.
We just saw the dead China becomingthe first major economy to have the digital
(20:37):
currency, the digital Duan. Nowthe US still lagging behind there when it
comes to at the actual crypto dominance. You look at the fact that right
now you have China and Iran cementingthat four hundred billion dollars actual energy compact
that they've put together. Now,good luck trying to keep RAN off the
(20:57):
track towards being a new for yourpower of good luck trying to keep RAN
from meddling Indie peace efforts that wehave endeavored to have in the Middle East.
So again, little by little,this administration has taken their eyes off
the ball because, as I saidthis past weekend, they believe their only
obligation is to not be Trump.And I can tell you right now,
(21:18):
not being Trump is not going toallow America to remain the pmin in power
on the planet. One of thebig criticisms on Trump by the left all
the while was Helies exaggerates. Hesays things that aren't true, and yesterday,
certainly no fan of Donald Trump,Chris Wallace seemed to catch people to
Judge in the fans down Blue toJudge out there talking about nineteen million jobs
(21:44):
from the infrastructure, Billy and Whilescalled him on it, said, wait
a minute, sixty million to becreated anyhow, this is really only three
million, and vo to Judge hasto say, oh, yeah, so
that was like a six times exaggeration. Well, look, let's be very
clear what's become very apparent should bevery apparent for the average American right now
(22:06):
that you can't trust anybody. Youlook at what happened with the sixty minutes
fiasco where they actly ignored individuals,many of whom were Democrats, telling them
the story that they cooked up onRon Descantis was fraudulent. They pushed it
forth anyway with a scope and narrativethey knew was false. You look at
(22:26):
what's happening right now with the administrationon the far left trying to put stuff
together that then, in many waysis dishonest. When you here talking about
the border crisis being a result ofTrump policies, how will the world can
the border crisis be a result ofTrump policies if the first thing Biden did
when they got an office was toreverse and rescind those Trump policies. So
(22:48):
look, at some point we justhave to have a conversation about the fact
that everyone is lying to the Americanpeople. The American people are being left
behind, the American interests are startingto flounder on the world stage, and
we have a responsibility to ourselves toget informed, We have a responsibility to
ourselves to get involved. And ifwe can't recognize that under that very soon,
(23:12):
then America will be left behind.Well, Joe, when you say
everybody is lying to Americans, Iwould like to exclude you and I from
that because I think you and Itend to put it in real talk.
And you know, for those ofyou who don't know, you can catch
(23:33):
Joe every Saturday on Newsmax TV,the best grown cable network in America,
on the Saturday Agenda, and youcan catch them all other times. He's
like he's a man for all seasons. He's on every show on the network.
But Joe, how good is it, um, you know you were
with us and you were on everynetwork. How nice is it to know
you got a weekly spot to getout there and put some real news out
(23:57):
to the people. Well, look, I think it's been refreshing to be
able to put forth ideas talk aboutwhere I think the gaps are in the
knowledge base for the people. Iffor no other reason that we're not talking
about what's happening in the world,I think it's often telling it's not what
people talk about when they're out ofpower, but what people do when they're
(24:18):
in power. And we've seen thisby the administration has gone out of their
way to appease the interests of peoplewho do not live in this nation,
to try to coddle the concerns ofpeople who have not come to this country
legally. And so yeah, whenyou look at what's happening right now,
you have the boycott of Jim Crowvoter laws down in Georgia. Meanwhile,
(24:41):
you have the presidents sitting there inpress confidence saying that amendments are not absolute,
which, as I said this pastweekend, was perhaps the most terrifying
statement any president has made and theentirety of my lifetime. So, look,
we've got some real threats here athome to the American way of life,
to American values. We have imminentthreats abroad that threatened to compromise not
(25:06):
just American style leadership, but alsothe world order that we take for granted.
So we just have to make surethat we are committed to doing the
work as citizens of this great countryto ensure that our constitutional republic stands,
because if we sit back and donothing, I promise you, the left
is heard at work to try tomake America something was never intended to be.
(25:27):
Well, you had Charles Schumer sayright before the Georgia's special elections,
We're gonna win Georgia and then we'regonna change America. Ye wasn't joking,
Thank god, Thank god, fromone Democrat, Joe Mansion, who seems
to be until now standing kind ofto all here, and he's actually stopping
(25:51):
some of the craziness in this agenda. How important is Joe Mansion to our
democracy right now? Well, look, I think it's not as Joe Manchin.
I think that there are a fewother quietly as as kept members of
the House who, if for noother reason, recognize that they'll won't have
a job come twenty twenty two ifthey sign up and rubber stamp this insanity
(26:15):
that Nancy Pelosi is trying to cajolethe entirety of the House into so you
know, to be clear, wespent more money bailing out people when it
came to COVID before Biden ever puthis hand in the Bible that we spent
on the war in Iraq and Afghanistancombined. Joe Biden is trying to take
credit for saving the world economy,for spending two trillion dollars on a COVID
(26:40):
relief bill that had very little todo with COVID. Much of that money
actually backdated, so a lot ofthat money that he has allocated doesn't even
get sent to the States or foranother two years, three years, four
years. The checks that they actuallygo to American people, many of them
haven't even arrived in the mailboxes yet. So, you know, if we're
going to have people who are soconcerned with truth and the American way and
(27:06):
honesty, the coverage of what hashappened here, this fake recovery that's being
attributed to Biden is the height ofhypocrisy, the embodiment of dishonesty. And
you know, at the end ofthe day, when the history books are
written, they'll talk about the factof the jobs that were saved in the
midst of a global pandemic that theexpert to everyone loves to talk about said,
(27:30):
what's going to claim the lives ofover two million Americans. That's not
a Republican talking point. That's inthe intelligence briefings that were later declassified.
That's what the news was reporting.So it's just it's really crazy. At
the end of the day, youknow, we're actually behind pace from what
the Trump administration said you're going tobe at when we had the vaccination process.
(27:53):
We're behind pace where we were supposedto be when we started talking about
the job growth. We still haveeight million Americans who had jobs a year
ago. We don't have jobs now. So there's still work to do.
And again, as I've said beforethis, if this administration and the American
people think Joe Biden's sole job wasto beat President Trump and now that he's
(28:15):
done that, his responsibilities to thepresidency are complete, then America will be
finished. Well, let's hope wecan do something to change that job.
But I know you're trying every dayand every week. Role are watching out
there Monday to Friday. Of courseyou gotta watch good lunch, but on
Saturday when you're home, crack opena cold one. Put on Saturday Agenda
(28:40):
because you get some real talk froma real guy, and Joey Opinion calls
it like it is. Joe,Thank you so much, brother. I
always appreciate you joining a sweethe brother. Talk soon. All right, all
right, you out there now,if you're thinking about drinking some bourbon or
some whiskey, guess why it's gonnaget a lot more expensive because all kinds
of tariffs are coming on the whiskeymakers and the scotch makers and all that
(29:03):
stuff. So they're probably gonna havethe raised prices here. So upset,
what's happening around the world. Um, we'll take a quick break. We'll
come back and talk more about what'shappening well your alcohol consumption, Um.
Number one, Whiskey and wine exportsare gonna have a summer of tariffs,
and right here in New York thecurfew continued. We'll be back right after
(29:27):
this lunch. And it is moneyMonday, and uh, you know we're
(29:51):
all here on Loo with lunch.We tend to have a drink here and
there, maybe a little cocktail.Um, you know, we'll have of
co or maybe sometimes a little sketch, sometimes a little laca. I like
myself a little bourbon to wash downa nice liquid lunch. But here in
(30:11):
New York, lots of crazy stuffgoing on. Before we get into what
this meniac of a governor we gotis doing, let's take a look in
on the markets. Thirty three theDow at thirty three seven fifty seven,
down forty two one day, andnothing really to see that, just a
little smidgeon of a sell off.Maybe Nazdack down forty as well, coming
(30:33):
into line with the Dow still alittle down, a little bit more than
it should be as compared to theDOO and Bitcoin just above sixty thousand and
sixty thousand, two hundred. Andthat's good news for those of you who
are involved in cryptocurrency like I am. Um. If you're involved in living
(30:53):
in a blue city or blue statewith these continued arbitrary lockdowns, I feel
bad for you, because I knowhow I feel. Now Here in New
York they passed this ridiculous and arbitrarygovernor's edict that you can't go to a
restaurant and just order a drink.You must have food in front of you
(31:15):
at the same time, because ifyou're dining, then you're not susceptible to
COVID, but if you're only drinking, then you're susceptible to COVID. I
guess, and they're calling him nowthe drink Tater. As governor and dictator
Andrew Cuomo extends the no food,no alcohol rule, the city restaurants are
(31:44):
now allopp into a dining ft fiftypercent and they still have, of course
a prohibition on drinking without eating,as well as you have to shut down
by eleven o'clock because to COVID monstervisits the bars in the restaurants at eleven
sharp, so everything is shut down. All friends actually even up in Rochester,
(32:08):
my buddy Don Schwartz from Venito ColfiPizza. They got about ninety restaurants
together upstate and pushed back against thegovernor against the curfew rules, and they
won at the local court at thestate court. And believe it or not,
despite the fact that Governor Angew Cuomohere in New York has allegedly killed
(32:30):
about fifteen thousand seniors and allegedly sexuallyharassed or assaulted no less than ten women,
he still has his goon squad outthere fighting the fight, and they
went into appellate court and overturned theruling of an upstate judge that allowed the
(32:50):
ninety restaurants to stay open past eleveno'clock. So that order has been set
aside, and now upstate and downstateyou can only be open till eleven because
the COVID monster, I guess,comes out at eleven, which is a
spooky thing if you think about it, because you know, I don't know
how anyone can tell us exactly wherethe COVID monster is. But the Governor
(33:15):
of New York has his own healthdepartment out with some stats saying that one
point four percent of the transmission ofCOVID is in bars and restaurants, seventy
percent is in the home. Andthese idiots want to keep forcing us back
into the home. Now, asmany of you may know, I am
(33:35):
engaged in a race here in NewYork City to run for control the man
who controls the purse strings of NewYork City. And another candidate, who
a candidate who I will be opposing, is Michelle Caruso Cabrera Form, a
CNBC talk show host who's now parlaidher skills reporting on the News into being
(33:58):
someone that actually knows about finances andbusiness because she reported on it and read
off teleprompt or. I would assumefailed bid last year to take on Alexandria
Ocasio Cortez for Congress, originally thoughtshe'd run for mayor, and now somehow
has figured her way into the controllersrace. But one decent thing I've seen
(34:21):
from Michelle Caruso Cabrera is this.She's quoted in the New York Post this
weekend calling for an investigation into aDepartment of Education spending under Boe Doeesar Kranza.
Now, for those of you aroundthe country, this is probably happening
(34:44):
in all your cities, in allyour states. But here's how it goes.
Okay, this guy Kranza was broughtinto New York City to overhaul the
Department of Education and bring a wholenew way of learning and all this other
crap. Right after a couple ofyears of complete failures. He stepped down,
and he said because he lost somefamily members due to COVID and he's
(35:07):
going to take some time away andthen lo and behold, pomp, pomp,
pomp. Before you get blink aneye, he's announced as a new
employee of this company, i LexSystems or Ilex Education. Now, this
company, oddly enough, was avendor to New York City and under Commissioner
(35:31):
Kranza, over three million dollars worthof New York City taxpayer dollars were pumped
into this company. Now, asidefrom the fact that it reeks reeks of
corruption, that someone would leave apaid position in the public sector and join
(35:52):
a company in the private sector whothey just, oh, by the way,
happened to spend a few million dollars, is padding the coffers of that
company while you are the doe bossand now you're working for them. So
I'd love to see the terms ofthat competition agreement. But on top of
it, it sounds like a conflictto me if you ask me. And
(36:14):
also, they spent more than wasallocated for them to spend. So there
are all kinds of things that Iwould imagine need to be looked at there.
And good catch by Michelle Caruso Cabrera. I don't know how great that's
gonna do for her campaign. She'slagging in all the polls, that's for
(36:35):
sure, and she's certainly not progressiveenough for the people of this city because
she got other whacked out lulu's likeCorey Johnson and Bradon Lander, these left
wing progressives who are committed to defundingthe police and destroying our city. So
but good catch by Michelle Caruso Cabrera. Also, Andrew Yang, one time
(36:57):
presidential candidate, has said sights onthe New York City mayoral race and the
mayoral candidates here in New York continueto confuse me, like, seriously confuse
me. We are facing a financialarmor gedding like never before seeing here in
New York City. We have recordcrime, we have record violence, we
(37:20):
have record shootings. Okay, allthese numbers up significantly. We've defunded the
police, We've eliminated the anti crimeunit, which was people who were taking
guns off the street. And youstart wondering, well, like, what
what's actually going on here in NewYork City. We're getting crushed from every
way. Small businesses are still severelywhacked out. And you know, Andrew
(37:45):
Yang, presidential candidate, his mainfocus this weekend was illegal street vendors.
Not our biggest problem, Andrew.We'll take a quick break, we'll come
back and kick off hour or tworight after this Farewell to our friends out
on the biz Talk and Money Station. Will see you tomorrow. SAT.
Bad Time you say Bad Chattle theRescue will see in just one minute
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