April 8, 2021 • 39 mins
On this Terrific Tuesday, John discusses the effects of the infrastructure plan on the markets, Hunter Biden's new book, buying opportunities, international security, and the border troubles. Today's guests: Dan Hernandez and Adam Roosevelt.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:10):
All right, welcome back, justpast the top of the hour here in
New York, coming you live fromthe Corona Bunker Studios, Slickwood Lunch,
as we hear everyday Monday to Fridaynoon to two Eastern Welcome all our friends
on biz TV, Biz Talk Radio, the Money Station out in appointment.
Good morning all our friends out therein the social media world. Thank you
(00:30):
for tuning in every day. Certainlya lot to talk about today. We're
going to get into the whole infrastructurebuilt a big ruling by the Senate parliamentarian
which could allow the Democrats to slipanother one by in a really sneaky,
slimy way. But we'll get tothat in just a bit. Vescue my
favorite coming into the hour. Seventyone cents up five times in the last
(00:53):
couple of weeks, or a realwinner there if you've been following that one
like many of my friends have.And the Dow Jones industrially a down sixteen
points, maybe taking a little breathertoday, hit all time highs the last
couple of days, and you know, after the long weekend, maybe people
start just getting back to work thisweek and taking a look at where there
(01:14):
are values or where they have bigprofits. It looks like the Dow is
just middling around down sixteen points today. Nothing crazy there, but the NASDAK
continues to outperform the moys, withthe NASDAC up fifty five points and the
Dow down, so that's a bigdislocation between the two. They usually moved
in some carlation, either up anddown at the same time, and Bitcoin
(01:38):
moving down. And I'm talking toBitcoin every day. You know, as
I've mentioned many times that I thinksixty thousand is the next fomo level.
If it breaks through there, they'regonna be people who are hoping that it
goes to fifty so they could doa value purchase. And if it doesn't
get down to those levels, whenit breaks to it and I say,
oh screw it, let me getin there. I don't want to miss
(01:59):
this thing. Won a seventy sobuys in a whole new rung of buyers.
So little give and take with bitcoinright now. And as we come
into the top of the hour herein New York, Bitcoin at fifty seven
nine, so just a little belowfifty eight, and you know, fifty
five, fifty three, fifty onestarts to becoming a real value by because
(02:22):
you know, sixty is the newlevel where it's heading, and lots of
institutional buying coming in. Jay theformer SEC commissioner, Jay Clayton, Jay
Powell, Jay Clayton, I'm sorry, has joined a bitcoin company. And
here's a guy who over the lastcouple of years did take some tremendous steps
(02:45):
in the direction of regulating cryptocurrencies orat least set in some broad guidelines,
and also rooted out a whole bunchof fraudsters. And now when you have
guys who leave the governmental agencies andthese big multi billion dollars behemas to run
and set up a whole new businessline, which cryptocurrencies, and that's another
(03:07):
good sign. On top of twomonths ago, black Rock, the world's
largest asset manager seven point one trillionan asset under management, came out and
said they're going to start letting theirfunds by bitcoin. So you really want
to see that institutional ownership and thatinstitutional interest coming in. And you know,
for the last couple of years,the last five years or so,
(03:30):
many of the largest institutions in theworld, including JP Morgan and Warren Buffett
I've turned around and said that thisBitcoin is a scam. It's a scheme,
It's a Ponzi. Peter Schiff hasbeen wrong for the last five years,
but he keeps going out there.Doctor Dooms himself has also been talking
about it, and they form awolf of Wolf Street. Has changed his
(03:52):
tune on it because anyone cares whathe says. But he was saying that
it's a scam, it's a scheme. He knows a scam better than anyone.
And now Jordan Belfort is running socialmedia ads promoting white Bitcoin is the
greatest things to slice brights, keepyour eyes peeling. That. A lot
of conversations I've been hearing lately aboutpre i po shares. So there are
(04:15):
many companies that are getting ready togo public, and before they go public,
they have people who have been workingfor the company in years and years
and years and years. They wantto buy a house or a car or
something like that, so they wantto sell some of their shares privately in
advance of the public offers. Thepublic offering could be two, three,
six months away and they need moneynow. So there are companies out there
(04:40):
that contract with these folks and say, hey, if you want to get
out now, we'll take it offyour hands, will wait for it to
go public. You bought a stockat a discount. So I've been having
a lot of conversation about a lotof people I know are interested in it,
and i have a really good relationshipone of my former employees who one
of the best in the business atthis stuff. So I'm gonna update you
(05:03):
a little more over the coming weeks. But there might be some really nice
opportunities and some great companies that areabout to go public. Get in a
little earlier, buy it out adiscount, and then when it comes public,
you got to hold it for sixmonths like any other insider, because
you're buying shares from an insider.But a significant amount of these companies,
(05:27):
when you buy it at a discountand they go public, they tend to
go up. Stocks like Paltier,Uber, Airbnb, SpaceX. These are
all stocks that have had a veryrobust pre ipo business and there are a
number of out there right now thatare very exciting that are getting ready to
enter the next space. So ifyou want any info on pre ipo shares,
(05:51):
shoot me a note, get meon Facebook at Johnny Tobacco JT at
Liquid lunch is my email. Ifyou want to know anything, UH,
call me, text meque email meis probably the best thing. Um.
It is National Student Athlete Day today, so hug a student athlete and uh
(06:11):
in some states, uh student athleteboys. Anatomical boys can compete with anatomical
girls and vice versus. So it'sgetting crazy about a man who knows if
we're even gonna be able to callhim student athletes anymore. But it's National
Library Workers Today today. Um,and I on that note, I'll just
(06:33):
say keep it down. It's NationalTeflon Day. My uh in house humorous
Barry Goldsmith had positive to me thismorning. Um, National Teflon Day is
a holiday that I don't think we'llstick around, but I'm bound. You
know teflon and um, you knowa little old to the Teflondon himself,
(06:57):
John Gotti. They called him Teflondbecause none of the crimes they threw at
him ever stuck until they finally gothim, the Teflon was gone and the
don was gone. And today isalso Sexual Assault Month. This is Sexual
Assault Action Month and today is aday of action. So maybe take some
(07:24):
action. Call your state senator,call the governor's office. And tell them
that you want them to take actionagainst the governor with no less than nine
sexual harassment claims being lodged against himat this time. So today probably not
the best day or the best month. And of course, despite us getting
(07:46):
a new rich owner in Stephen Cohen, the New York Mets is still the
same slovenly team they've always been.We signed Lindore three hundred and forty million,
We got one of the best playersin baseball. We got the Graham
out there last night on the Hillfirst game of the year. Two nut
did shut out seventy seven pitches throughseven innings. Why did the Mets constantly
(08:09):
take this guy out of the gamewith a low pitch count and go to
the bullpen and the bullpen stinks.The Graham again leaves the game up to
nothing and Mets full to the shoddybullpen five through to the Phillies in there
open the last night. So it'sfrustrating to say the least. And you
(08:31):
know, me and my son usuallylove watching Met games, and we usually
know in the seventh or eighth inningwhen there's a reliever coming in, this
is property end. It's not gonnalast much longer. Because the Mets bullpen
sucks. For that matter, Ithought we were gonna have John Brown here.
He is a real estate expert withillustrated properties but also a partner of
(08:54):
Fraser Brown and Mayor, but hehasn't joined us just yet. Yesterday,
the Senate Parliamentarian okay, which isa weird thing. Many people may not
know what this is. But thepulimentarian is the person who sits there and
interprets the rules of the Senate.And there's all these pulmentarian rules, the
(09:16):
Roberts rules of order, and howyou may make emotion, and how you
may open the floor and close thefloor. There's all these arcane rules.
But the Senate Parliamentarian has ruled thatDemocrats may amend the budget resolution they used
for the COVID nineteen relief bill.So now they're saying, oh, okay,
(09:37):
you can't get the votes. Um, all right, So what we'll
do is we'll wriggle the rules arounda little bit here and we'll let you
slide it through as a reconciliation.You're going to reconcile a previous bill and
they'll pass it as a resolution,which is an amendment to a previous bill,
which is the sneakiest, slimy thisthing to do. And it's basically
(10:01):
a way of saying, hey,we do not have a majority of the
votes in the Senate, so we'regonna just ram it through another way around
the back door. And it's it'sactually filthy. And the most powerful man
in America, Senator Joe Mansion,Democrat from West Virginia, who stands tall
against his Democratic caucus many times,has come out and says he's not going
(10:24):
with the bill, the infrastructure bill, because of the increased corporate tax and
businesses do not need to be taxedmore right now, that's for sure.
We'll take a quick break right here, check out these commercials. We've got
to pay the bills, and we'llcome back right after this. In segment
Thary with Dan Hernandez, the presidentof Milestone Wealth Management, talking about what's
(10:46):
in your wild Welcome Back, whichit breeds through the first hour here of
(11:20):
a terrific Tuesday, and every Tuesday, in the first hour, we try
to load you up with all thefinancial knowledge you need to know and everything
that's happening the Dow, I thinkis taking a little bit of a breather
today after a heck of a runall time highs and maybe taking a breath
before figuring out what's going to happenwith this new infrastructure bill or whatever.
(11:41):
And the nasdacs certainly outperforming a lotof things in the infrastructure bill related to
well renewable energy, electric cars andstuff like that, which tends to be
more in the growth there is,So maybe the NASDAC is getting a little
more of a following one. AndBitcoin cannot break sixty thousand, keeps hitting
some serious resistance there um and retracinga bit now in the fifty seventy nine
(12:05):
range, So maybe a buying opportunitystill to me a lot of room to
rome as the dollar gets devalued withmore and more these stimulus packages. Who
knows, Um, we will stimulateyou some more financially and intellectually right now.
And we're joined by Dan Hernandez aswe are every Tuesday. Dan uh
(12:26):
is with us. We have DanYeah, and hey Dan, what's happening?
See if p and President of MilestoneWealth Management record highs. Dan,
I'm shocked because I don't like theway we're going, but the markets still
ripping along. Yeah, Yeah,it's uh, you know, certainly you
(12:48):
know, help by stimulus that thisinfrastructure package we'll see you know, generally,
I think I think bring this transition, you know, John, from
from quote unquote pandemic stocks to recoverystocks, and that's really where my focus
is. So in that pandemic stockcategory is obviously a lot of the tech
(13:11):
stuff also, you know, anda lot of the companies that benefited from
a shutdown, Coloton being being one. I know that's a that's a popular
stock, but I think we're goingto transition away from those to some more
conventional you know, the recovery stocks, and they can include some infrastructure stuff
certainly thanks uh, you know,a lot of the materials you know,
(13:35):
US steel, you know, Ithink those are the stocks that uh,
we're going to focus on going forward. Um. Why do you see I
see lately? Um, you know, I know we've spokeny years kind of
like look at the down as thatguess to be and it seems to me
it always be some similar correlation inthere that they were all usually upward down.
(13:58):
Um maybe like Boeing more and Lineor something that's weighted and the that
was a big disconnects them. Um, why would you see to walk in
flat today and the DAWs and theNASDAC got nicely seventy points. Well,
I think I think the correlation amongthose indexes is starting to go away.
And don't forget the NASDAC is amarket weighted index, so so you have
(14:22):
a real disproportionate number of companies ofdrive to NASDAC as opposed as opposed to
the SMP five hundred, which isgoing to be a more balanced index.
So so, yeah, what we'veseen, especially the last month is it's
it's actually been more rare than notthat that they're moving in opposite directions.
(14:43):
Uh, but I think, youknow, I think that's the reason.
You know, hey, I thinkthat's a lot of stuff going on,
great active in the middle of theday. Um. One of the big
movies you're seeing out there today,well, uh, I know, Tesla,
(15:05):
AMC Schwab some of these names areare I hate the meme names to
AMC's and the and the game stops. But Tesla, No, I think
Tesla benefit huge I think from fromthe infrastructure bill. Yeah, and Tesla,
you know, Tesla is one ofthese companies that certainly the infrastructure bill,
(15:28):
uh is providing for a lot ofcharging stations, which is what which
is what's really driving Tesla amc Look, well we've we've talked about it before.
I don't even want to give amcan any real airtime. But Tesla,
Tesla, I think um going forward, is going to be obviously an
(15:48):
interesting company that this bill has givencharging stations a lot of money towards the
building of electrical charging stations, whichhas always been it's always been a reason
for people not to eye cars.They're like, well, there's not enough
charging stations where I live, Idon't, you know, And that's always
been kind of a drawback and they'retrying to address that. Having said that,
ahead, yeah, I was gonnasay, Tesla is one of these
(16:12):
companies that again they're they're the firstof the type with the electoral cars,
and we're gonna start seeing more andmore competition there that they haven't had to
deal with in the past, andyou're going to start seeing some of the
bigger automakers jump in, and it'sgoing to be interesting to see how Tesla
holds up as competition increases, becauseso far they're they're by far the leader,
(16:37):
and that's you know what has beena very small market. They have
the majority of it. So we'llsee how they do once competition steps up.
Right now, the commitment to buildmore charging stations to certainly help them,
Yeah, it looks good to them. I think it was. I
think I was reading something recently thatyou know, Tesla needs two hundred years
to become profitable or something like that. You're really kind of buying the buying
(17:02):
the dream there. But uh,what about Peloton? Every person I know
was talking about Peloton. Is thisUh is this a million m MAGA stock
or just a bad I don't believe. So I think they've benefited again.
You know, I'm talking about Teslabeing a leader in their field. Peloton
was one of the first of itstype. Uh, and as they were
(17:22):
just starting to catch traction and boomthe shutdown comes and it was it was
goal for them. I mean,the their stock U quadrupled uh during the
shutdown. And now let's pull back. I think if peaked hat around one
sixty two and it's currently back downto one and ten ish. Uh.
So I think, look, they'reagain gonna start having more competition. Uh,
(17:48):
the you know, more companies oftheir type. Uh, there's you
know, as far as home gyms, you know, you know, have
the mirror where people uh uh caninteract with a trainer via the mirror,
and there's gonna be more and moreof them. So no, I think
the all the time. Uh,I'm not gonna say Toronto's of course,
I think it's a very viable company. But as far as you know,
(18:10):
keeping this pace up anywhere near it, I'm I'm gonna I'm gonna say,
no, I'm not. I'm notjumping on that. Got it? Well,
I'll tell you I know a lotof my friends who were jumping on
a peloton bike um to find tofind the hot girls who were running the
class. So I men are seeminglydrawn to the peloton to find the girls
(18:32):
that are running the hot girls thatare running this pin class on that.
Yeah, no, no, itwas. It looked a great product,
U. And during the pandemic shootthey were backed up. You couldn't you
couldn't order, weren't if you orderedwhen you were waiting three three months,
three four months to get it.So they certainly benefited. But you know,
(18:52):
like everything else, they're gonna havemore competition and and the pandemic and
the shutdown was Taylor made for themsettle So as one a wolf used to
say, if you will along Pelotonand Netflix pre pandemic, you won because
that that was a that would havebeen some patrad Yeah, and I and
(19:15):
I'm more inclined to take that profit. You know at this point, you
especially if you got in it,you know, pre pandemic. We're talking
about you know, thirty thirty fivedollars. Uh, if you rub that
up to one twenty one, thirtyone forty Yeah, Yeah, I'd be
inclined to kind of kind of oldan old stockbroke. A mentor of mine
(19:38):
said to me one time, JT. Remember this, you can never go
broke taking a profit. So youknow you got to wipe them off sometimes
and go next. But we wego next every week to Dan Hernandez in
the first hour, Fine guy,all right, welcome back. Lots going
(20:14):
on with your wallet and markets justdiddling around down down eighteen today NASDAK having
a little bit of a better day. Looks like some of the growth stocks
um like electure car companies, batterymakers, solar panel companies are going to
get a great windfall from this infrastructureplan. And as I mentioned, a
little earlier. The parliamentarian of theSenate bent the rules a little bit and
(20:37):
says saying they can now pass thiswithout even a majority of the Senate by
some resolution or reconciliation. It's gettingscarier by the minute down there. But
the workforce here is still not great. We had better job numbers, but
still ten million Americans are unemployed thatwe know of. Eleven million illegal immigrants
(21:00):
are here, so the opportunity poolis dwindling because the illegals will work for
a low wage, so that hurtsAmerican workers. And Joe Biden's flung open
the doors to the border where wehave an immediate crisis that's going to bring
even more people in and hurt theeconomy. Plus the infrastructure bill wants to
raise taxes on cooperations and small businesseswho have been crushed in the last year
(21:22):
and are so all this and theborders are wide open, and to break
it down for us today, he'sbeen with us before. Adam Roosevelt joins
us right now. Adam is aman of all seasons. Former spent ten
years in the US Army as asaugeyt Homeland security, and he's an international
(21:42):
security expert, Adam, thanks forjoining us again. Brother. I'm getting
nervous about what's going on here withyou know, the border, and I
think it tends to have a significanteffect on the job situation. What do
you see at the border? You'rea security expert, there's got to be
(22:03):
a major problem. Well, John, you know, it's it's interesting that
we're at this point where we hadthe Trump administration and there was a strict
border policy. We know, wewere doing everything to force immigration laws and
policies, and now we've got thismajor transition away from that. So now
a lot of immigrant caravans are feelingthat they could come through the border.
(22:26):
You know, there's been apprehensions ofindividuals who unfortunately are on terrorist watch lists.
So now the border is open,it's porous, everybody knows it.
And American the American people are ata tremendous risk right now. So we're
at a state of emergency at theborder. I would say, I would
say yes. And now all thework that Donald Trump did to close the
(22:48):
borders, Donald Trump did all hecould to eliminate the calipeet, and we
find out yesterday that these aren't justyou know, women and children seeking you
know, some safe place to somesafe refuge. Two Yemine terrorists on the
FBI terror watch list. We're apprehendedat the border. So it looks like,
(23:10):
you know, our enemies are tryingto find her way through Mexico.
It's a smart strategy, John,I think we all can agree that if
you see an administration with lax policy, that's the time to enter the United
States or any other country if theyhave open border policies. So as you
mentioned with these two individuals who areon the terrorist watch list, exactly,
(23:30):
so they're going to slide in withthe caravans and then they're going to execute
whatever plan they had, whether thatbe to link up with terrorist cells,
you coordinate terrorist activities here in thehomeland. And that's the unfortunate truth.
They're not just coming here to playsports. They've got an objective at hand.
(23:51):
Yeah, I mean, hey,look, why try to fly in
when you're on a watch list?You're probably on a no fly list,
you know, take a flight downto Mexico looking for Yeah, make a
little trek up to the water andgive a fake name. I have no
idea they walk in. I needasylum. I came from Nicaragua and as
well you know wherever they say umand before you know what they're in.
(24:12):
And now we have you know,people that the FBI wants on a terroll
list potentially getting free college, freehealthcare, foot stamp, so we actually
might be paying terrorists to enter thecountry. Yeah, absolutely rides on.
And it's amazing how you have tohave an education just in small talk like
(24:32):
this for people to understand really what'shappening at the border and really how it
impacts the American people. But yes, indeed the facilities are being over run
right now. One of the CPPofficers that seven, they're over their ability
to actually house these individuals. They'regetting healthcare, they're being put in hotels.
Why, we got Americans who arehomeless, veterans who are homeless.
(24:55):
So it's amazing that this administration wouldput this first, and it has been
left Americas that the Americans who needto help in a number two positions.
You know, about five years backnow, I'm friends with Roger Stone and
some of my friends actually tried toget Donald Trump to run for governor New
York years ago. So I hadkind of a line in there, and
(25:19):
I had devised this plan, whichwas a human border fence, and I
proposed it to the Trump administration andthey were coming up with their policies.
They didn't like it at the time, but I thought Trump should do a
land grant from the first mile infrom the border, wherever it's habitable,
(25:41):
and give every living military veteran aquarter acre a land and let them build
a house on it, or givethem some federal loan to you know,
buy a prefab house and live onit. And my thought was, these
people gave almost many gave their lives, many almost gave their lives. Why
shouldn't they get a piece of thecountry. So give them a huncle in
(26:03):
and let's line up all of ourformer proud military veterans along the border one
mile in. I guarantee you whereverthe Coyotes note is a military veteran settlement
on the border, there ain't gonnabe man qaun things over there, you
know. So what do you thinkabout that? Of First of I think
we're gonna get along for a longtime, John, So that's the first
(26:25):
thing I'll say. The second thingI'll say is I think it's a terrific
idea because it's this type of outof box thinking, John, that we
need in government, and we're notgetting those out of box solutions anymore.
We're getting these government solutions that arered tape, that are slow, and
Americans are being impacted. So Ilove the out of box thinking, and
I love the fact that this isa military focus, you know, benefit
(26:47):
I think I was saying with thelocker M and shoulder on it. Yeah,
and that's what I'm saying. Imean, hey, these people,
you know, gave their lives.We own most of the federal lands along
the border, except for in areasum where private owners onto the water UM.
But I think you can find thehot spots with them where the terrain
is most easy for people to illegallycross. And then just start giving all
(27:12):
our veterans who are still living,even those deceased family members, give them
a quarter acro land and let themdevelop it and use, you know,
all military veterans to do to developmenton that. That would be so stimulating
to the economy. And by theway, I really believe, knowing you
got trained marksmen and military members livingon that side of the quarter, I
(27:33):
have a strong feeling that nobody's gonnawant to cross there. That's just my
thought. You gotta run, Yougotta run the gauntlet for a mile to
get through. You know, abunch of people who are trained to protect
country, and they'd be living onthe land, so they would, you
know, easily be able to takeout any trespassers. I think, yeah,
well, I think it's a solidstrategy. You know, right now,
(27:56):
you can put that strategy anywhere inthe bi administration, and I think
you'd be ten steps ahead of thepipe. Because love in border right now,
and that's not a solution. I'dlike to hear from the Texas folks,
the southern border, the states thatare kind of home that border.
I'd like to hear from them,because those are the folks that have to
address it right there, John As, you know, the ranchers, the
(28:18):
Texans out there, and the coyotesare just coming and going, and Adam,
we got a couple minutes left here. Um. Donald Trump was cracking
down hard on Iran Um. Wetook out their number one filamentor of terror
in the Middle East, suleimani Um. They said, oh, he's got
to cause a war, and therewas no war. They crapped at pants
(28:42):
when he took when they took outSulimani and now Joe Biden and John carry
the apologists. They're starting indirect nucleartalks with Iran again. Yeah, they're
there right now in Vienna, rightnow. It's not a face to face
talk, they're in the same location. I was just on Sky News Arabia
talking about this yesterday. You know, it's unfortunately what the Obama administration did,
(29:04):
what I ran, the money theygave. Now we're back with that
same administration and think stakeholders, andI don't see a strong leadership, sir.
I think right now we're at adisadvantage. The Iranians threatened our president.
They're not going to stop doing whatthey're doing. They sponsored terrorism,
and we've got it on the docketjob Department of Justice, you know,
(29:26):
the Iraq War Fund. We're allin this fight together to the global war
on terrorism. We're not seeing thatright now. We're seeing another conversation with
the same administrator who funded and gavethis money to the Iranian Yeah. I
mean John Kerry was the guy whogave them all this money. He was
the messager, he was the henchmanfor Barack Obama. And you know there's
(29:47):
old as reporting that John Kerry isstill flying around in his private jet trying
to work a new deal with Iran. And you know, basically they've been
out there creating physical material this wholetime, if you mean they have,
and you know, the attempting agencythat's responsible for providing the auditing over that
entire operation in Iran. You know, I think there's a lot of room
(30:11):
to cheat, although that some ofthe auditors are saying it's not. But
they've had so much time to dowhat they want to do, so now
it's convenient for them. They gotthe elections in June, the presidential election.
The pandemics hits impacted seventy seven millionI radians. These guys are looking
for benefit to maximize because of thepandemic in the upcoming election. But it
(30:32):
doesn't mean they're going to honor.It doesn't mean it there's no honor over
there whatsoever. Adam, thank youvery much for joining us. He's a
full of homeland security ten years asa sawjeant in the USA, I mean,
international security expert, Adam Roosevelt.Thank you very much, buddy.
We got to have you back soon. Thank you. John. All right,
(30:52):
you out there, stick with us, we're gonna take a quick break,
all righty, welcome back. TheNew York State Governor Andrew Pommel is
(31:15):
under significant fire right now. Asof course, as we have belabored many
times on this show, he spenta good part of the pandemic himself on
the back and having press conferences talkingabout how radio is, joking around with
his brother. At the same time, we find out that he basically marched
over fifteen thousand seniors today death's bysending COVID infected patients back to the nursing
(31:38):
home. While he did that,he also wrote a little caveat in the
little limited liability waivers, so noneof the nursing homes can be sued for
their actions during this time. Andthat's because they're all paying wolf, because
they got big lobbyists and stuff.While that's going on, he used some
of his staff obviously to apply fora Emmy. So he submitted, as
(32:00):
you have to an application to getan Emmy, so some of his staff.
We're working on that now. Wefind out that while the Department of
Justice in the New York State Assemblywere asking him for the actual numbers of
debts that they reported at eighty sevenhundred originally, Now it's closer to seventeen
ten thousand, more almost triple.But we find out that while these people
(32:24):
were dying in record numbers due tohis actions and leadership, he was using
his own staff to negotiate a fourmillion dollars book deal on leadership throughout the
pandemic. So, you know,the book deal that money should go back
to the families of the people whodeceased from the COVID At least, we
(32:47):
have all kinds of laws in thiscountry and in this state that if you
know profit from a crime, youcan't keep the money. So I don't
know. I guess we'll look deeperat that. And while applying for Emmy's
writing a book collecting four million dollarsoff the backs of fifteen thousand dead senior
citizens, no less than nine womenhave now complained that he's either suggested something
(33:12):
inappropriate to them or worse, donesomething inappropriate. So the walls are closing
in, and we have in theNew York State constitution, we have this
rule we have to balance the statebudget by April first. As we come
into today, I believe it's Aprilsixth, if I'm not mistaken, and
we still have no budget, sowe're five days later. We're violent in
(33:35):
the New York State Constitution on thatone. They still negotiate in the budget.
But one of the things that AndrewCuomo and his cronies in the Democratic
Caucus, who will actually control theentire state one party rule, they're talking
about a four billion dollars millionnaires tacks. Okay, and the budget proposal would
levy a millionaire tacks that raises thecombined state and local rate a wealthy Big
(34:00):
Apple residents to between thirteen and ahalf and fourteen point eight percent. That's
just for your state. Okay.Now you're at about nine with city and
state. This is going to bringit up fourteen and a half almost fifteen.
And couples earning more than two million, we'll see their rates increase from
eight or more than one million,we'll see an eight point eight to nine
(34:24):
point six or a ten percent raise. And two new tax brackets will be
created if you're in New York becauseone to income beyond five million would be
taxed at ten point three percent andover twenty five million will be taxed at
ten point nine percent. And anothermeasure would raise the state's corporate franchise tax
(34:46):
from six point five to seven pointtwo five or fifteen percent range. So
take a listen to this. We'vejust been through the worst pandemic maybe in
history. Okay, We've had NewYork State absolutely pummeled New York City,
the city that never sleeps. It'son his back on a respirator for a
(35:06):
year now. And these Democrats inour State Assembly, led by the chief
senior killer himself, Don Cuomo Leoni, want to raise taxes on those people
were stupid enough to stay in NewYork. We want to keep raising our
taxes. You know, take alook, Andrew Cuomo. I don't know
(35:28):
that you spend much time looking atanything but yourself in the mirror and patting
yourself on the back. But takea look at what happened to the US
economy when Donald Trump came in witha tax reduction platform where we reduced corporate
taxes, we reduced income taxes.All these things had a massively stimulating effect
(35:51):
on the economy. Larry Cudlow andStephen Moore. Stephen Moore was on the
show with us all time. LarryCarlo, Stephen Moore and Art Laugher were
the main architects, or at leastwork with, you know, some of
the best in the business. Iput together this tax plan, and there
is nothing but historical and empirical informationindicating that when you cut taxes, you
(36:15):
get more people to pay taxes.And I don't have a problem at all
with taxing the hell out of peoplewho make over five million dollars a year.
Fine, they should pay the fast. Yet but how about this,
And you know, I'm running forNew York City Controller and this is something
that I've been thinking about for awhile. But you have all these huge
(36:36):
conglomerates, the Apples, the Amazons, the facebooks, the Googles, all
these conglomerates. They do so muchbusiness with New York City because we're an
epicenter of people. Okay, ifyou want to sell something, if you
want to market something, if youcan't make it in New York yet dead
for the most part. Okay,Now how about this. How about every
(37:00):
one of the major companies, theFangs, the Facebook's, the Apples,
the Twitters, the Amazons, Google's, all these big companies in Netflix,
they access the New York market allthe time. How about regardless of all
the sneaky accounting chicanery they do topay as little tax as possible. How
about if they all paid a guaranteedannual tax to New York. Okay,
(37:25):
you want to do business in NewYork. We don't care what you do
with your tax returns or anything else. Access fee. If I'm elected,
I can tell you this, nobody'saccess in the Internet and the WiFi to
capture all the data of New YorkCity residents and New York City tours without
paying a gateway fee. And Iintend to implement the gateway fee for anybody
(37:45):
who wants to suck data at apeople within the City of New York.
They're going to pay an access feeto get in and get to those people.
And as soon as I have tobalance budget in place, then the
extra money from that I'm gonna shiftare back with New York City residents who
have been fleeced by these companies thatpurport them be free. Like Facebook says
(38:07):
they're free, They're not free.They let you on their platform for free,
so you sign their terms of serviceand then they suck all the information
they can out of you. Theyput little bots on you so they follow
you around the Internet and get acomplete profile what you're doing at all time.
Did you know that when you haveyour Facebook off, Facebook is still
(38:30):
tracking you, so you have theapp closed, but they're still tracking you
on other sites. No, there'sgotta be away. And if you want
to tax millionaires, let's tax thebillionaires who are sitting on their perch out
in Silicon Valley, part of theSilicom Valley cartel. Let's tax the hell
out of them. Because New YorkCity needs money, and somebody's got to
come up with some out of thebox ideas to get New York City back
(38:52):
on its feet and breathing again.Because if it's up to me, the
City that Never sleeps will be aliveand kicking very soon. We'll take a
quick break. Farewell to my friendsout there on biz Talk Radio and the
Money Station. We'll check in withyou guys tomorrow, same bad time,
same bad channel. Rest of you. Thank you for tuning in, but
stay with us. We'll be backin one minute right after this to kick
(39:15):
off Hour two
All right, welcome back, justpast the top of the hour here in
New York, coming you live fromthe Corona Bunker Studios, Slickwood Lunch,
as we hear everyday Monday to Fridaynoon to two Eastern Welcome all our friends
on biz TV, Biz Talk Radio, the Money Station out in appointment.
Good morning all our friends out therein the social media world. Thank you
(00:30):
for tuning in every day. Certainlya lot to talk about today. We're
going to get into the whole infrastructurebuilt a big ruling by the Senate parliamentarian
which could allow the Democrats to slipanother one by in a really sneaky,
slimy way. But we'll get tothat in just a bit. Vescue my
favorite coming into the hour. Seventyone cents up five times in the last
(00:53):
couple of weeks, or a realwinner there if you've been following that one
like many of my friends have.And the Dow Jones industrially a down sixteen
points, maybe taking a little breathertoday, hit all time highs the last
couple of days, and you know, after the long weekend, maybe people
start just getting back to work thisweek and taking a look at where there
(01:14):
are values or where they have bigprofits. It looks like the Dow is
just middling around down sixteen points today. Nothing crazy there, but the NASDAK
continues to outperform the moys, withthe NASDAC up fifty five points and the
Dow down, so that's a bigdislocation between the two. They usually moved
in some carlation, either up anddown at the same time, and Bitcoin
(01:38):
moving down. And I'm talking toBitcoin every day. You know, as
I've mentioned many times that I thinksixty thousand is the next fomo level.
If it breaks through there, they'regonna be people who are hoping that it
goes to fifty so they could doa value purchase. And if it doesn't
get down to those levels, whenit breaks to it and I say,
oh screw it, let me getin there. I don't want to miss
(01:59):
this thing. Won a seventy sobuys in a whole new rung of buyers.
So little give and take with bitcoinright now. And as we come
into the top of the hour herein New York, Bitcoin at fifty seven
nine, so just a little belowfifty eight, and you know, fifty
five, fifty three, fifty onestarts to becoming a real value by because
(02:22):
you know, sixty is the newlevel where it's heading, and lots of
institutional buying coming in. Jay theformer SEC commissioner, Jay Clayton, Jay
Powell, Jay Clayton, I'm sorry, has joined a bitcoin company. And
here's a guy who over the lastcouple of years did take some tremendous steps
(02:45):
in the direction of regulating cryptocurrencies orat least set in some broad guidelines,
and also rooted out a whole bunchof fraudsters. And now when you have
guys who leave the governmental agencies andthese big multi billion dollars behemas to run
and set up a whole new businessline, which cryptocurrencies, and that's another
(03:07):
good sign. On top of twomonths ago, black Rock, the world's
largest asset manager seven point one trillionan asset under management, came out and
said they're going to start letting theirfunds by bitcoin. So you really want
to see that institutional ownership and thatinstitutional interest coming in. And you know,
for the last couple of years,the last five years or so,
(03:30):
many of the largest institutions in theworld, including JP Morgan and Warren Buffett
I've turned around and said that thisBitcoin is a scam. It's a scheme,
It's a Ponzi. Peter Schiff hasbeen wrong for the last five years,
but he keeps going out there.Doctor Dooms himself has also been talking
about it, and they form awolf of Wolf Street. Has changed his
(03:52):
tune on it because anyone cares whathe says. But he was saying that
it's a scam, it's a scheme. He knows a scam better than anyone.
And now Jordan Belfort is running socialmedia ads promoting white Bitcoin is the
greatest things to slice brights, keepyour eyes peeling. That. A lot
of conversations I've been hearing lately aboutpre i po shares. So there are
(04:15):
many companies that are getting ready togo public, and before they go public,
they have people who have been workingfor the company in years and years
and years and years. They wantto buy a house or a car or
something like that, so they wantto sell some of their shares privately in
advance of the public offers. Thepublic offering could be two, three,
six months away and they need moneynow. So there are companies out there
(04:40):
that contract with these folks and say, hey, if you want to get
out now, we'll take it offyour hands, will wait for it to
go public. You bought a stockat a discount. So I've been having
a lot of conversation about a lotof people I know are interested in it,
and i have a really good relationshipone of my former employees who one
of the best in the business atthis stuff. So I'm gonna update you
(05:03):
a little more over the coming weeks. But there might be some really nice
opportunities and some great companies that areabout to go public. Get in a
little earlier, buy it out adiscount, and then when it comes public,
you got to hold it for sixmonths like any other insider, because
you're buying shares from an insider.But a significant amount of these companies,
(05:27):
when you buy it at a discountand they go public, they tend to
go up. Stocks like Paltier,Uber, Airbnb, SpaceX. These are
all stocks that have had a veryrobust pre ipo business and there are a
number of out there right now thatare very exciting that are getting ready to
enter the next space. So ifyou want any info on pre ipo shares,
(05:51):
shoot me a note, get meon Facebook at Johnny Tobacco JT at
Liquid lunch is my email. Ifyou want to know anything, UH,
call me, text meque email meis probably the best thing. Um.
It is National Student Athlete Day today, so hug a student athlete and uh
(06:11):
in some states, uh student athleteboys. Anatomical boys can compete with anatomical
girls and vice versus. So it'sgetting crazy about a man who knows if
we're even gonna be able to callhim student athletes anymore. But it's National
Library Workers Today today. Um,and I on that note, I'll just
(06:33):
say keep it down. It's NationalTeflon Day. My uh in house humorous
Barry Goldsmith had positive to me thismorning. Um, National Teflon Day is
a holiday that I don't think we'llstick around, but I'm bound. You
know teflon and um, you knowa little old to the Teflondon himself,
(06:57):
John Gotti. They called him Teflondbecause none of the crimes they threw at
him ever stuck until they finally gothim, the Teflon was gone and the
don was gone. And today isalso Sexual Assault Month. This is Sexual
Assault Action Month and today is aday of action. So maybe take some
(07:24):
action. Call your state senator,call the governor's office. And tell them
that you want them to take actionagainst the governor with no less than nine
sexual harassment claims being lodged against himat this time. So today probably not
the best day or the best month. And of course, despite us getting
(07:46):
a new rich owner in Stephen Cohen, the New York Mets is still the
same slovenly team they've always been.We signed Lindore three hundred and forty million,
We got one of the best playersin baseball. We got the Graham
out there last night on the Hillfirst game of the year. Two nut
did shut out seventy seven pitches throughseven innings. Why did the Mets constantly
(08:09):
take this guy out of the gamewith a low pitch count and go to
the bullpen and the bullpen stinks.The Graham again leaves the game up to
nothing and Mets full to the shoddybullpen five through to the Phillies in there
open the last night. So it'sfrustrating to say the least. And you
(08:31):
know, me and my son usuallylove watching Met games, and we usually
know in the seventh or eighth inningwhen there's a reliever coming in, this
is property end. It's not gonnalast much longer. Because the Mets bullpen
sucks. For that matter, Ithought we were gonna have John Brown here.
He is a real estate expert withillustrated properties but also a partner of
(08:54):
Fraser Brown and Mayor, but hehasn't joined us just yet. Yesterday,
the Senate Parliamentarian okay, which isa weird thing. Many people may not
know what this is. But thepulimentarian is the person who sits there and
interprets the rules of the Senate.And there's all these pulmentarian rules, the
(09:16):
Roberts rules of order, and howyou may make emotion, and how you
may open the floor and close thefloor. There's all these arcane rules.
But the Senate Parliamentarian has ruled thatDemocrats may amend the budget resolution they used
for the COVID nineteen relief bill.So now they're saying, oh, okay,
(09:37):
you can't get the votes. Um, all right, So what we'll
do is we'll wriggle the rules arounda little bit here and we'll let you
slide it through as a reconciliation.You're going to reconcile a previous bill and
they'll pass it as a resolution,which is an amendment to a previous bill,
which is the sneakiest, slimy thisthing to do. And it's basically
(10:01):
a way of saying, hey,we do not have a majority of the
votes in the Senate, so we'regonna just ram it through another way around
the back door. And it's it'sactually filthy. And the most powerful man
in America, Senator Joe Mansion,Democrat from West Virginia, who stands tall
against his Democratic caucus many times,has come out and says he's not going
(10:24):
with the bill, the infrastructure bill, because of the increased corporate tax and
businesses do not need to be taxedmore right now, that's for sure.
We'll take a quick break right here, check out these commercials. We've got
to pay the bills, and we'llcome back right after this. In segment
Thary with Dan Hernandez, the presidentof Milestone Wealth Management, talking about what's
(10:46):
in your wild Welcome Back, whichit breeds through the first hour here of
(11:20):
a terrific Tuesday, and every Tuesday, in the first hour, we try
to load you up with all thefinancial knowledge you need to know and everything
that's happening the Dow, I thinkis taking a little bit of a breather
today after a heck of a runall time highs and maybe taking a breath
before figuring out what's going to happenwith this new infrastructure bill or whatever.
(11:41):
And the nasdacs certainly outperforming a lotof things in the infrastructure bill related to
well renewable energy, electric cars andstuff like that, which tends to be
more in the growth there is,So maybe the NASDAC is getting a little
more of a following one. AndBitcoin cannot break sixty thousand, keeps hitting
some serious resistance there um and retracinga bit now in the fifty seventy nine
(12:05):
range, So maybe a buying opportunitystill to me a lot of room to
rome as the dollar gets devalued withmore and more these stimulus packages. Who
knows, Um, we will stimulateyou some more financially and intellectually right now.
And we're joined by Dan Hernandez aswe are every Tuesday. Dan uh
(12:26):
is with us. We have DanYeah, and hey Dan, what's happening?
See if p and President of MilestoneWealth Management record highs. Dan,
I'm shocked because I don't like theway we're going, but the markets still
ripping along. Yeah, Yeah,it's uh, you know, certainly you
(12:48):
know, help by stimulus that thisinfrastructure package we'll see you know, generally,
I think I think bring this transition, you know, John, from
from quote unquote pandemic stocks to recoverystocks, and that's really where my focus
is. So in that pandemic stockcategory is obviously a lot of the tech
(13:11):
stuff also, you know, anda lot of the companies that benefited from
a shutdown, Coloton being being one. I know that's a that's a popular
stock, but I think we're goingto transition away from those to some more
conventional you know, the recovery stocks, and they can include some infrastructure stuff
certainly thanks uh, you know,a lot of the materials you know,
(13:35):
US steel, you know, Ithink those are the stocks that uh,
we're going to focus on going forward. Um. Why do you see I
see lately? Um, you know, I know we've spokeny years kind of
like look at the down as thatguess to be and it seems to me
it always be some similar correlation inthere that they were all usually upward down.
(13:58):
Um maybe like Boeing more and Lineor something that's weighted and the that
was a big disconnects them. Um, why would you see to walk in
flat today and the DAWs and theNASDAC got nicely seventy points. Well,
I think I think the correlation amongthose indexes is starting to go away.
And don't forget the NASDAC is amarket weighted index, so so you have
(14:22):
a real disproportionate number of companies ofdrive to NASDAC as opposed as opposed to
the SMP five hundred, which isgoing to be a more balanced index.
So so, yeah, what we'veseen, especially the last month is it's
it's actually been more rare than notthat that they're moving in opposite directions.
(14:43):
Uh, but I think, youknow, I think that's the reason.
You know, hey, I thinkthat's a lot of stuff going on,
great active in the middle of theday. Um. One of the big
movies you're seeing out there today,well, uh, I know, Tesla,
(15:05):
AMC Schwab some of these names areare I hate the meme names to
AMC's and the and the game stops. But Tesla, No, I think
Tesla benefit huge I think from fromthe infrastructure bill. Yeah, and Tesla,
you know, Tesla is one ofthese companies that certainly the infrastructure bill,
(15:28):
uh is providing for a lot ofcharging stations, which is what which
is what's really driving Tesla amc Look, well we've we've talked about it before.
I don't even want to give amcan any real airtime. But Tesla,
Tesla, I think um going forward, is going to be obviously an
(15:48):
interesting company that this bill has givencharging stations a lot of money towards the
building of electrical charging stations, whichhas always been it's always been a reason
for people not to eye cars.They're like, well, there's not enough
charging stations where I live, Idon't, you know, And that's always
been kind of a drawback and they'retrying to address that. Having said that,
ahead, yeah, I was gonnasay, Tesla is one of these
(16:12):
companies that again they're they're the firstof the type with the electoral cars,
and we're gonna start seeing more andmore competition there that they haven't had to
deal with in the past, andyou're going to start seeing some of the
bigger automakers jump in, and it'sgoing to be interesting to see how Tesla
holds up as competition increases, becauseso far they're they're by far the leader,
(16:37):
and that's you know what has beena very small market. They have
the majority of it. So we'llsee how they do once competition steps up.
Right now, the commitment to buildmore charging stations to certainly help them,
Yeah, it looks good to them. I think it was. I
think I was reading something recently thatyou know, Tesla needs two hundred years
to become profitable or something like that. You're really kind of buying the buying
(17:02):
the dream there. But uh,what about Peloton? Every person I know
was talking about Peloton. Is thisUh is this a million m MAGA stock
or just a bad I don't believe. So I think they've benefited again.
You know, I'm talking about Teslabeing a leader in their field. Peloton
was one of the first of itstype. Uh, and as they were
(17:22):
just starting to catch traction and boomthe shutdown comes and it was it was
goal for them. I mean,the their stock U quadrupled uh during the
shutdown. And now let's pull back. I think if peaked hat around one
sixty two and it's currently back downto one and ten ish. Uh.
So I think, look, they'reagain gonna start having more competition. Uh,
(17:48):
the you know, more companies oftheir type. Uh, there's you
know, as far as home gyms, you know, you know, have
the mirror where people uh uh caninteract with a trainer via the mirror,
and there's gonna be more and moreof them. So no, I think
the all the time. Uh,I'm not gonna say Toronto's of course,
I think it's a very viable company. But as far as you know,
(18:10):
keeping this pace up anywhere near it, I'm I'm gonna I'm gonna say,
no, I'm not. I'm notjumping on that. Got it? Well,
I'll tell you I know a lotof my friends who were jumping on
a peloton bike um to find tofind the hot girls who were running the
class. So I men are seeminglydrawn to the peloton to find the girls
(18:32):
that are running the hot girls thatare running this pin class on that.
Yeah, no, no, itwas. It looked a great product,
U. And during the pandemic shootthey were backed up. You couldn't you
couldn't order, weren't if you orderedwhen you were waiting three three months,
three four months to get it.So they certainly benefited. But you know,
(18:52):
like everything else, they're gonna havemore competition and and the pandemic and
the shutdown was Taylor made for themsettle So as one a wolf used to
say, if you will along Pelotonand Netflix pre pandemic, you won because
that that was a that would havebeen some patrad Yeah, and I and
(19:15):
I'm more inclined to take that profit. You know at this point, you
especially if you got in it,you know, pre pandemic. We're talking
about you know, thirty thirty fivedollars. Uh, if you rub that
up to one twenty one, thirtyone forty Yeah, Yeah, I'd be
inclined to kind of kind of oldan old stockbroke. A mentor of mine
(19:38):
said to me one time, JT. Remember this, you can never go
broke taking a profit. So youknow you got to wipe them off sometimes
and go next. But we wego next every week to Dan Hernandez in
the first hour, Fine guy,all right, welcome back. Lots going
(20:14):
on with your wallet and markets justdiddling around down down eighteen today NASDAK having
a little bit of a better day. Looks like some of the growth stocks
um like electure car companies, batterymakers, solar panel companies are going to
get a great windfall from this infrastructureplan. And as I mentioned, a
little earlier. The parliamentarian of theSenate bent the rules a little bit and
(20:37):
says saying they can now pass thiswithout even a majority of the Senate by
some resolution or reconciliation. It's gettingscarier by the minute down there. But
the workforce here is still not great. We had better job numbers, but
still ten million Americans are unemployed thatwe know of. Eleven million illegal immigrants
(21:00):
are here, so the opportunity poolis dwindling because the illegals will work for
a low wage, so that hurtsAmerican workers. And Joe Biden's flung open
the doors to the border where wehave an immediate crisis that's going to bring
even more people in and hurt theeconomy. Plus the infrastructure bill wants to
raise taxes on cooperations and small businesseswho have been crushed in the last year
(21:22):
and are so all this and theborders are wide open, and to break
it down for us today, he'sbeen with us before. Adam Roosevelt joins
us right now. Adam is aman of all seasons. Former spent ten
years in the US Army as asaugeyt Homeland security, and he's an international
(21:42):
security expert, Adam, thanks forjoining us again. Brother. I'm getting
nervous about what's going on here withyou know, the border, and I
think it tends to have a significanteffect on the job situation. What do
you see at the border? You'rea security expert, there's got to be
(22:03):
a major problem. Well, John, you know, it's it's interesting that
we're at this point where we hadthe Trump administration and there was a strict
border policy. We know, wewere doing everything to force immigration laws and
policies, and now we've got thismajor transition away from that. So now
a lot of immigrant caravans are feelingthat they could come through the border.
(22:26):
You know, there's been apprehensions ofindividuals who unfortunately are on terrorist watch lists.
So now the border is open,it's porous, everybody knows it.
And American the American people are ata tremendous risk right now. So we're
at a state of emergency at theborder. I would say, I would
say yes. And now all thework that Donald Trump did to close the
(22:48):
borders, Donald Trump did all hecould to eliminate the calipeet, and we
find out yesterday that these aren't justyou know, women and children seeking you
know, some safe place to somesafe refuge. Two Yemine terrorists on the
FBI terror watch list. We're apprehendedat the border. So it looks like,
(23:10):
you know, our enemies are tryingto find her way through Mexico.
It's a smart strategy, John,I think we all can agree that if
you see an administration with lax policy, that's the time to enter the United
States or any other country if theyhave open border policies. So as you
mentioned with these two individuals who areon the terrorist watch list, exactly,
(23:30):
so they're going to slide in withthe caravans and then they're going to execute
whatever plan they had, whether thatbe to link up with terrorist cells,
you coordinate terrorist activities here in thehomeland. And that's the unfortunate truth.
They're not just coming here to playsports. They've got an objective at hand.
(23:51):
Yeah, I mean, hey,look, why try to fly in
when you're on a watch list?You're probably on a no fly list,
you know, take a flight downto Mexico looking for Yeah, make a
little trek up to the water andgive a fake name. I have no
idea they walk in. I needasylum. I came from Nicaragua and as
well you know wherever they say umand before you know what they're in.
(24:12):
And now we have you know,people that the FBI wants on a terroll
list potentially getting free college, freehealthcare, foot stamp, so we actually
might be paying terrorists to enter thecountry. Yeah, absolutely rides on.
And it's amazing how you have tohave an education just in small talk like
(24:32):
this for people to understand really what'shappening at the border and really how it
impacts the American people. But yes, indeed the facilities are being over run
right now. One of the CPPofficers that seven, they're over their ability
to actually house these individuals. They'regetting healthcare, they're being put in hotels.
Why, we got Americans who arehomeless, veterans who are homeless.
(24:55):
So it's amazing that this administration wouldput this first, and it has been
left Americas that the Americans who needto help in a number two positions.
You know, about five years backnow, I'm friends with Roger Stone and
some of my friends actually tried toget Donald Trump to run for governor New
York years ago. So I hadkind of a line in there, and
(25:19):
I had devised this plan, whichwas a human border fence, and I
proposed it to the Trump administration andthey were coming up with their policies.
They didn't like it at the time, but I thought Trump should do a
land grant from the first mile infrom the border, wherever it's habitable,
(25:41):
and give every living military veteran aquarter acre a land and let them build
a house on it, or givethem some federal loan to you know,
buy a prefab house and live onit. And my thought was, these
people gave almost many gave their lives, many almost gave their lives. Why
shouldn't they get a piece of thecountry. So give them a huncle in
(26:03):
and let's line up all of ourformer proud military veterans along the border one
mile in. I guarantee you whereverthe Coyotes note is a military veteran settlement
on the border, there ain't gonnabe man qaun things over there, you
know. So what do you thinkabout that? Of First of I think
we're gonna get along for a longtime, John, So that's the first
(26:25):
thing I'll say. The second thingI'll say is I think it's a terrific
idea because it's this type of outof box thinking, John, that we
need in government, and we're notgetting those out of box solutions anymore.
We're getting these government solutions that arered tape, that are slow, and
Americans are being impacted. So Ilove the out of box thinking, and
I love the fact that this isa military focus, you know, benefit
(26:47):
I think I was saying with thelocker M and shoulder on it. Yeah,
and that's what I'm saying. Imean, hey, these people,
you know, gave their lives.We own most of the federal lands along
the border, except for in areasum where private owners onto the water UM.
But I think you can find thehot spots with them where the terrain
is most easy for people to illegallycross. And then just start giving all
(27:12):
our veterans who are still living,even those deceased family members, give them
a quarter acro land and let themdevelop it and use, you know,
all military veterans to do to developmenton that. That would be so stimulating
to the economy. And by theway, I really believe, knowing you
got trained marksmen and military members livingon that side of the quarter, I
(27:33):
have a strong feeling that nobody's gonnawant to cross there. That's just my
thought. You gotta run, Yougotta run the gauntlet for a mile to
get through. You know, abunch of people who are trained to protect
country, and they'd be living onthe land, so they would, you
know, easily be able to takeout any trespassers. I think, yeah,
well, I think it's a solidstrategy. You know, right now,
(27:56):
you can put that strategy anywhere inthe bi administration, and I think
you'd be ten steps ahead of thepipe. Because love in border right now,
and that's not a solution. I'dlike to hear from the Texas folks,
the southern border, the states thatare kind of home that border.
I'd like to hear from them,because those are the folks that have to
address it right there, John As, you know, the ranchers, the
(28:18):
Texans out there, and the coyotesare just coming and going, and Adam,
we got a couple minutes left here. Um. Donald Trump was cracking
down hard on Iran Um. Wetook out their number one filamentor of terror
in the Middle East, suleimani Um. They said, oh, he's got
to cause a war, and therewas no war. They crapped at pants
(28:42):
when he took when they took outSulimani and now Joe Biden and John carry
the apologists. They're starting indirect nucleartalks with Iran again. Yeah, they're
there right now in Vienna, rightnow. It's not a face to face
talk, they're in the same location. I was just on Sky News Arabia
talking about this yesterday. You know, it's unfortunately what the Obama administration did,
(29:04):
what I ran, the money theygave. Now we're back with that
same administration and think stakeholders, andI don't see a strong leadership, sir.
I think right now we're at adisadvantage. The Iranians threatened our president.
They're not going to stop doing whatthey're doing. They sponsored terrorism,
and we've got it on the docketjob Department of Justice, you know,
(29:26):
the Iraq War Fund. We're allin this fight together to the global war
on terrorism. We're not seeing thatright now. We're seeing another conversation with
the same administrator who funded and gavethis money to the Iranian Yeah. I
mean John Kerry was the guy whogave them all this money. He was
the messager, he was the henchmanfor Barack Obama. And you know there's
(29:47):
old as reporting that John Kerry isstill flying around in his private jet trying
to work a new deal with Iran. And you know, basically they've been
out there creating physical material this wholetime, if you mean they have,
and you know, the attempting agencythat's responsible for providing the auditing over that
entire operation in Iran. You know, I think there's a lot of room
(30:11):
to cheat, although that some ofthe auditors are saying it's not. But
they've had so much time to dowhat they want to do, so now
it's convenient for them. They gotthe elections in June, the presidential election.
The pandemics hits impacted seventy seven millionI radians. These guys are looking
for benefit to maximize because of thepandemic in the upcoming election. But it
(30:32):
doesn't mean they're going to honor.It doesn't mean it there's no honor over
there whatsoever. Adam, thank youvery much for joining us. He's a
full of homeland security ten years asa sawjeant in the USA, I mean,
international security expert, Adam Roosevelt.Thank you very much, buddy.
We got to have you back soon. Thank you. John. All right,
(30:52):
you out there, stick with us, we're gonna take a quick break,
all righty, welcome back. TheNew York State Governor Andrew Pommel is
(31:15):
under significant fire right now. Asof course, as we have belabored many
times on this show, he spenta good part of the pandemic himself on
the back and having press conferences talkingabout how radio is, joking around with
his brother. At the same time, we find out that he basically marched
over fifteen thousand seniors today death's bysending COVID infected patients back to the nursing
(31:38):
home. While he did that,he also wrote a little caveat in the
little limited liability waivers, so noneof the nursing homes can be sued for
their actions during this time. Andthat's because they're all paying wolf, because
they got big lobbyists and stuff.While that's going on, he used some
of his staff obviously to apply fora Emmy. So he submitted, as
(32:00):
you have to an application to getan Emmy, so some of his staff.
We're working on that now. Wefind out that while the Department of
Justice in the New York State Assemblywere asking him for the actual numbers of
debts that they reported at eighty sevenhundred originally, Now it's closer to seventeen
ten thousand, more almost triple.But we find out that while these people
(32:24):
were dying in record numbers due tohis actions and leadership, he was using
his own staff to negotiate a fourmillion dollars book deal on leadership throughout the
pandemic. So, you know,the book deal that money should go back
to the families of the people whodeceased from the COVID At least, we
(32:47):
have all kinds of laws in thiscountry and in this state that if you
know profit from a crime, youcan't keep the money. So I don't
know. I guess we'll look deeperat that. And while applying for Emmy's
writing a book collecting four million dollarsoff the backs of fifteen thousand dead senior
citizens, no less than nine womenhave now complained that he's either suggested something
(33:12):
inappropriate to them or worse, donesomething inappropriate. So the walls are closing
in, and we have in theNew York State constitution, we have this
rule we have to balance the statebudget by April first. As we come
into today, I believe it's Aprilsixth, if I'm not mistaken, and
we still have no budget, sowe're five days later. We're violent in
(33:35):
the New York State Constitution on thatone. They still negotiate in the budget.
But one of the things that AndrewCuomo and his cronies in the Democratic
Caucus, who will actually control theentire state one party rule, they're talking
about a four billion dollars millionnaires tacks. Okay, and the budget proposal would
levy a millionaire tacks that raises thecombined state and local rate a wealthy Big
(34:00):
Apple residents to between thirteen and ahalf and fourteen point eight percent. That's
just for your state. Okay.Now you're at about nine with city and
state. This is going to bringit up fourteen and a half almost fifteen.
And couples earning more than two million, we'll see their rates increase from
eight or more than one million,we'll see an eight point eight to nine
(34:24):
point six or a ten percent raise. And two new tax brackets will be
created if you're in New York becauseone to income beyond five million would be
taxed at ten point three percent andover twenty five million will be taxed at
ten point nine percent. And anothermeasure would raise the state's corporate franchise tax
(34:46):
from six point five to seven pointtwo five or fifteen percent range. So
take a listen to this. We'vejust been through the worst pandemic maybe in
history. Okay, We've had NewYork State absolutely pummeled New York City,
the city that never sleeps. It'son his back on a respirator for a
(35:06):
year now. And these Democrats inour State Assembly, led by the chief
senior killer himself, Don Cuomo Leoni, want to raise taxes on those people
were stupid enough to stay in NewYork. We want to keep raising our
taxes. You know, take alook, Andrew Cuomo. I don't know
(35:28):
that you spend much time looking atanything but yourself in the mirror and patting
yourself on the back. But takea look at what happened to the US
economy when Donald Trump came in witha tax reduction platform where we reduced corporate
taxes, we reduced income taxes.All these things had a massively stimulating effect
(35:51):
on the economy. Larry Cudlow andStephen Moore. Stephen Moore was on the
show with us all time. LarryCarlo, Stephen Moore and Art Laugher were
the main architects, or at leastwork with, you know, some of
the best in the business. Iput together this tax plan, and there
is nothing but historical and empirical informationindicating that when you cut taxes, you
(36:15):
get more people to pay taxes.And I don't have a problem at all
with taxing the hell out of peoplewho make over five million dollars a year.
Fine, they should pay the fast. Yet but how about this,
And you know, I'm running forNew York City Controller and this is something
that I've been thinking about for awhile. But you have all these huge
(36:36):
conglomerates, the Apples, the Amazons, the facebooks, the Googles, all
these conglomerates. They do so muchbusiness with New York City because we're an
epicenter of people. Okay, ifyou want to sell something, if you
want to market something, if youcan't make it in New York yet dead
for the most part. Okay,Now how about this. How about every
(37:00):
one of the major companies, theFangs, the Facebook's, the Apples,
the Twitters, the Amazons, Google's, all these big companies in Netflix,
they access the New York market allthe time. How about regardless of all
the sneaky accounting chicanery they do topay as little tax as possible. How
about if they all paid a guaranteedannual tax to New York. Okay,
(37:25):
you want to do business in NewYork. We don't care what you do
with your tax returns or anything else. Access fee. If I'm elected,
I can tell you this, nobody'saccess in the Internet and the WiFi to
capture all the data of New YorkCity residents and New York City tours without
paying a gateway fee. And Iintend to implement the gateway fee for anybody
(37:45):
who wants to suck data at apeople within the City of New York.
They're going to pay an access feeto get in and get to those people.
And as soon as I have tobalance budget in place, then the
extra money from that I'm gonna shiftare back with New York City residents who
have been fleeced by these companies thatpurport them be free. Like Facebook says
(38:07):
they're free, They're not free.They let you on their platform for free,
so you sign their terms of serviceand then they suck all the information
they can out of you. Theyput little bots on you so they follow
you around the Internet and get acomplete profile what you're doing at all time.
Did you know that when you haveyour Facebook off, Facebook is still
(38:30):
tracking you, so you have theapp closed, but they're still tracking you
on other sites. No, there'sgotta be away. And if you want
to tax millionaires, let's tax thebillionaires who are sitting on their perch out
in Silicon Valley, part of theSilicom Valley cartel. Let's tax the hell
out of them. Because New YorkCity needs money, and somebody's got to
come up with some out of thebox ideas to get New York City back
(38:52):
on its feet and breathing again.Because if it's up to me, the
City that Never sleeps will be aliveand kicking very soon. We'll take a
quick break. Farewell to my friendsout there on biz Talk Radio and the
Money Station. We'll check in withyou guys tomorrow, same bad time,
same bad channel. Rest of you. Thank you for tuning in, but
stay with us. We'll be backin one minute right after this to kick
(39:15):
off Hour two
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Male Room with Dr. Jesse Mills
As Director of The Men’s Clinic at UCLA, Dr. Jesse Mills has spent his career helping men understand their bodies, their hormones, and their health. Now he’s bringing that expertise to The Male Room — a podcast where data-driven medicine meets common sense. Each episode separates fact from hype, science from snake oil, and gives men the tools to live longer, stronger, and happier lives. With candor, humor, and real-world experience from the exam room and the operating room, Dr. Mills breaks down the latest health headlines, dissects trends, and explains what actually works — and what doesn’t. Smart, straightforward, and entertaining, The Male Room is the show that helps men take charge of their health without the jargon.