Episode Transcript
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Speaker 1 (00:11):
The Chad Benson Show thirteen.
Speaker 2 (00:14):
Nights thirteen nights. When it comes to what's going on
in Iran in the battle, looks like a new front
is opening up with the Hooties. I mean, it's all happening.
And now the question is is there going to be more?
Are they going to decide to either throw some boots
(00:34):
on the ground take carg Island. Are they going to
start hitting like they did the first couple weeks of this.
That's you know, Trump apparently, he says he's weighing those options.
Speaker 3 (00:48):
And the President told Axios he is quote close to
a decision on his threat of a massive attack on Iran,
and senior White House officials told me today the President
is considering a range of options, including military operations at
the level that we saw at the height of Operation
Epic Fury at the start of the war.
Speaker 2 (01:10):
So ramping it up again. And the Hooties have now
jumped in and said, let's do this right and and
we'll get to the battle that we kind of had
with them. But there's a bigger issue between them and
Saudi Arabia.
Speaker 4 (01:22):
We've been talking about the straight up Horne moves for months,
but less so about a street called Babel Mandeb just
off the coast of Yemen in the Red Sea. Ten
to twelve percent of all global shipping goes through that
street each year, and now a lot of Saudi oil
does as well. The fear now is what happens if
the Hooties and Iron jointly decide to close Babelmandev altogether,
causing oil prices to skyrocket.
Speaker 2 (01:46):
And that's probably what they're looking to do. So Professor Pape,
who you guys have heard on the show, and we've
talked a lot about what it is that he has
done for years, as he's modeled all of these things,
things he's advice presidents, and he thinks it's a seventy
percent chance that we're going to have boots on the ground.
(02:07):
Part of the you know, the escalation trap. You think, well,
if I do this a little bit harder and a
little bit more, I can win by doing that. And
if that doesn't work, well, then I'm going to do
this and then a little bit harder, a little bit more.
Iran's thing. And I think we're starting to see this
is once again they want to they're trying to. It's
an act of attrition as far as they're concerned, it's
(02:29):
an act of attrition, and that act is we're going
to be able to survive in a situation where fiscally
and and yes under attack from the warlike, we're going
to be able to withstand that better than you guys
are going to be able to withstand the bad politics
(02:51):
of a potential recession and high inflation. And that's that's
what they're gambling on. On top of that, he has
pointed out that they want to be a regional power,
the regional power, and if they can get the huties
to really throw down and to make it a nightmare
(03:13):
to go through the Red Sea, then you're talking about
thirty plus percent of the world oil essentially coming to
a complete halt. So that's their gamble and that's what
they're going with. And because of what takes place by
the rumors sell the fact nobody really knows. Since price
(03:33):
is higher and it's becoming an absolute nightmare. We care
about what we care about the price of life. It's
still the number one driver in our political world is
the financial aspect. James Carvel said, it it's about the economy.
Speaker 5 (03:47):
Stupid national average this morning four dollars nine cents a gallon.
It has been creeping higher since this re escalation. Gas
Buddy's Patrick de'han predicts the US could see four twenty
five to four to forty a gallon very soon. And
it all comes back to the price of oil. Multiple
routes are threatened. With the price of oil about eighty
nine dollars thirty seven cents a barrel this morning.
Speaker 2 (04:08):
And remember you've got West Texas Intermediate, you've got Brent crude,
so they're hovering at ninety to one hundred dollars a barrel,
and a lot of why it's come down just a
smid just because people are taking profits. I'll give you
guys a snapshot into the world of commodities. When I
traded something like this on a weekend, people might take
some profits. They've done okay, they're looking around, going all right,
(04:31):
what's what's going to happen next? That may cause people
that want to jump back into this thing. And Trump
is trying to weigh all the options. There isn't any
great options in this, and we don't have a lot
of pals around the world as well who are looking
at this saying, hey, let's get involved.
Speaker 6 (04:49):
If the United States is in a two front war
against an Iran that is very hard to suppress, despite
the claims every the other day from Secretary Defense Pete
Hayesa that they've been degraded and we're in a second
conflict against another resilient ally that's closing another key waterway.
(05:11):
The United States really is pinned down on the Middle East,
and it's striking that we have at this point no
international support from other countries that depend on commerce through
these straits, to the Strait of Ramus, to the Strait
of Babo Mandab the Huti's control. You'd think the Europeans
would be finding ways to help the United States.
Speaker 2 (05:32):
They aren't.
Speaker 6 (05:33):
They want to stay away. And that's I think another
key problem for the administration. It just doesn't have enough
friends and supporters on this campaign.
Speaker 2 (05:43):
Because they're looking around, as David Ignatius New York Times
talking about that, we have no allies in this sense.
If we were attacked, our allies would come. But the
rest of the world is looking around, going what are
you guys doing? What is going on here? Why are
you doing this? And people aren't buying it. Well, we're
(06:07):
doing it for you, We're doing it for the future.
They're frustrated as well. So we will see what comes
this weekend. But we do know that they are amping
up and ramping up in certain areas, including adding more
military might, which is making people a little uncomfortable considering
(06:34):
some of the stuff that you're seeing, the doctors, the
medics that are heading over there. So you know, I'm
in touch every day with Mike Lyons. We text back
and forth and he tells me if there's some things
to pay attention to, and what does he always say?
Look for the army. If you see a mass deployment
of army, that's when you know, okay, things are about
(06:55):
to get real, about to get real. And then with
all of this going on, Trump comes out up and says,
you know, it'd be great right now for high oil
prices and an economy that's feeling like it's jittery. Tariffs.
Speaker 5 (07:07):
This new round goes into effect just as the old
one expires at targets sixty economies over what the US
describes as forced labor practices. The impact here is likely
mostly significant on small and mid sized businesses. They import
a lot, and then customers who pay higher prices as
a result of that. Now, remember the reciprocal tariffs. Those
(07:29):
were largely struck down by the Supreme Court. A number
of companies at this point are even getting refunds for those.
Speaker 2 (07:37):
And does it sound great that we're going after countries
where there's forced labor? Of course, why do we do
it years ago? Because at the end of the day,
we're checkbook society or an economy society when it comes
to how we look at politics, and we care about
(07:59):
the cost of stuff. We care about the cost of
stuff out of sight, out of mind, And if I
can get something for three dollars which would cost me
ten dollars here, that's what happens. It's unfortunate but true.
So this is going to be again another situation where
(08:19):
I understand, you know, like we can applaud it, but
at a time when we're going through serious financial nerves
and I'm still pissed about the whole Canadian thing. If
you guys didn't know, put that fifty percent on the Canadians.
(08:43):
And because my son plays hockey and the Canadians they
do hockey, had to rush out and get him a
bunch of stuff, probably before he was ready, because the
season isn't even really getting ready to roll. They're just
starting to kind of do like mini camps and lose practices,
and now we had to go out and spend all
this money before that goes into effect. Ah geez, speaking
(09:09):
of money and defect San Diego. Right now, Comic CON's
going on. You know what comic Con is. It's nerd stuff.
It's where people come out in their cosplay and they
have a lot of fun and you get to see
all the cool things that are going on in the
world of entertainment. It's becoming a huge thing. Comic CON's
(09:32):
like the the thing that you would of all of
the cons that are out there that we see, right,
Horror Con, Repticon, you know, whatever it is. This is
the one that started it all. And I was watching
it and it is a great place to people watch.
I'm not gonna lie to you. I've been to comic
(09:54):
Con because it's nerd fun stuff, and while I'm not
really a nerd, I do enjoy watching nerds because they're
very entertaining. But it's also a great place to go
if you want to watch hot chicks dress up like
Mary Poppins in an outfit where you're like, I think
Mary Poppins is gonna strip yep. I think she is, Oh, oh,
(10:16):
here comes Velma. What is she gonna strip to? Maybe? Maybe?
Oh is that sailor Moon? Very interesting? But on top
of that you get all of the everybody shows up there,
so all the stars. This is where Doom's Day debuted
their trailer for the new Avengers movie last year. And
you know he showed up, he being, of course, Robert
(10:40):
Downey Junior dressed is Doomsday Ebeneezer. That's a new Johnny
Depp movie. It the trailer debut before it yesterday as well.
Some of the other stuff they're talking about is Grand
Theft Auto. And as we talk about how much money
The Odyssey is making and all of this stuff, I
was looking at sales projections for Grand Theft Auto. The
video game people are waiting for it. Are you ready
(11:03):
for this first week launch? First week launch? About three
point twenty five billion to five point two billion in
that launch week? Is that insane? Absolutely crazy? We love
(11:24):
video games, we do no doubt about that. And somewhere
along the line, even though life is tough, people are
finding a way because life will find a way for
us to spend the money. Speaking of that and money,
we've got our buddy, Zach Abram, chievestment officer go to
joined the program next hour as well to talk about
what's going on with oil. In Cognate your data, it's
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code Benson Chad Benson Show.
Speaker 1 (13:08):
You're listening to the Chad Benson Show every Friday.
Speaker 7 (13:11):
At this time, we took a deep, amazing breath in
and let it all out and take a listen back
to the chaos, the craziness and the lunacy that it was,
because thank god, finally it's Friday. Williams.
Speaker 8 (13:29):
They both played well.
Speaker 9 (13:31):
I would say Spain played better, really, but they both
played well, and then they got to the finals and
it was very exciting. Actually it looked like Vaine dominated,
but it was a very close Spatch.
Speaker 8 (13:42):
I've got one hundred dollars walking in my banal hole.
I know, well, I'll see it.
Speaker 10 (13:47):
Anybody's burning a hold right through my pocketing and do
my skin a Monday morning, I'll be brown. It's fine Friday.
I'm a free here. I'm done my motor again.
Speaker 11 (14:04):
It's physical abnormality kind of looks a little bit like
a cryptid, but very cute.
Speaker 12 (14:16):
Literally, none of it's true. It's it's a quaint little myth.
Speaker 6 (14:19):
And we just kept saying, hang on, hang on, and
don't let me go, don't let me go.
Speaker 13 (14:25):
We're just glad to be alive.
Speaker 10 (14:27):
It's fine. I'm done my motor.
Speaker 14 (14:34):
Again.
Speaker 7 (14:34):
It's fine.
Speaker 15 (14:42):
Affordability is number one, because if you don't have housing,
you know, and you feel like the price of food
and the price of gas is stopping you from having
a better standard of living.
Speaker 14 (14:52):
And we're borrowing now ninety three thousand dollars every second
over the last twelve months.
Speaker 16 (15:00):
Hurt my head in guy, wonder if I ever windy
had a thirty hours slowly tunity by my own.
Speaker 5 (15:14):
Day, I'm a free.
Speaker 2 (15:23):
Control.
Speaker 13 (15:24):
Forget the work.
Speaker 9 (15:29):
We controlled these straight You don't control anything. So we'll
see what happens. But we hit it very hard again tonight.
Speaker 17 (15:35):
Benjamin Etana, who is a war criminal, the architect of
a horrific genocide against the Palestine, is responsible for the
killing of more than seventy three thousand.
Speaker 18 (15:44):
Side side, we used to say, we're not in the cult.
The outside world is the cult, and we're not the crazies.
The outside world are the crazies.
Speaker 8 (15:54):
Chad Benson has an explosive diarrhea of a mouth, big
mouth pig bitch.
Speaker 2 (16:01):
I appreciate that, sir, Thank you so much, And if
you would like to reach out with kind words three two, three, five,
three eight twenty four twenty three, that's the number to
call right here on the Chat Benson Show. Meanwhile, as
we talk about the Middle East and what's going on,
of course, the other day the big news the Saudis
and the Trump and the US come to a big
deal with the with the nukes and whatnot. It's going
(16:22):
to be the but hold on, not so fast.
Speaker 19 (16:25):
The President is now dramatically changing the terms with a
new condition that could put the entire deal out of reach.
Trump saying it is totally subject to Saudi Arabia joining
the very respected and successful Abraham Accords, but that remains
highly unlikely. It would require Saudi Arabia to normalize diplomatic
relations with Israel, something they have refused to do unless
(16:48):
Israel commits to a Palestinian state.
Speaker 2 (16:51):
Yeah, I think we can all recognize dead angle to happen,
not anytime in the near future. And Israel is not
going to give Palace Stein any recognition or a state,
not anytime in the near future maybe one day, probably
not today. And without that, Saudi's aren't gonna get on board.
(17:13):
And then you've got Iran going, wait, they may get
nukes and you're telling us no. And Iran and Saudi
Arabia hate each other maybe more so. Do you think
that would push them to definitely go and try to
get nukes. I think so. I think it's safe to
say that deal seems to be nuked coming out. Jim
(17:33):
Kennedy Kennedy Institute of Public Policy Research. He joins the
program Straight Ahead, Chad Benson Show, then Chad Benson Show.
Speaker 1 (18:00):
I'm Benson's show at that time of the week.
Speaker 2 (18:03):
Took Jim Kennedy Kennedy instead of Public Policy Research as
we talk about all kinds of stuff politics, pop culture
and whatnot. Jim, you and I both be in La Guys.
The Doyers went to the White House. Go Dollar.
Speaker 20 (18:20):
Yeah, that was cool. Let's see there. I mean, it
was neat to see the Dodgers there. So it's there.
It's their second time. I hope people will be a third.
Uh was really great their picture, great picture of I
saw Trump talking to Showio Taney. Because a lot of
questions of show he was going to go. I don't
think he you know, really, I don't think he really
cares about the sort of the politics of it and
probably may not understand you know, Trump and all of
(18:42):
those things. But that's you know, that's a neat thing.
And it's like I've had people that have gotten that
have been invited to the White House, like during the
Obama administration, who said, oh, I don't want to go
because it's it's like, look, it's you're meeting the president.
And I've said, look, if I could go, if I
could have gone and met Bill Clinton when he was president, Sure,
I don't agree with this politics, but you're meeting the
president of the United States. You're polite, you put your
(19:05):
politics aside. How many time are you going to get
invited to the White House? Take it? You know, smile
and you know, just put the politics aside for the day. Now,
there were two Dodgers that were fairly promendaders didn't make it.
Bokie Betsandelly's wife has just had a child and they're
with him on the trip, and he said the day
off and spend it with his family. And Keiki Hernandez,
(19:27):
who's been outspoken against the Immigration Enforcement in Los Angeles.
Who's a member of the Dodgers, but he's not a
rehabity me.
Speaker 2 (19:33):
Man, I love me some Kiki, so he can be
that way because he makes me laugh and he's the
guy that everybody loves in the clubhouse. He is the
glue inside of the clubhouse. So I don't care that
Keiki didn't show up.
Speaker 20 (19:47):
Well, he's on a rehabit signment and I think he's
in Oklahoma City, so it's kind of you know, they
kind of got separated. If he hadn't been I would
not have expected him to actually have been attending because
of he would disagree with it. But for the most part,
the politics were played down. There were a couple of
writers in LA when the Dodgers first announced they were
going to go about three weeks ago, through a fit
(20:09):
sports column this and it's like, guys, you know, people
watch sports because she liked me, because I need a relief.
I need a release from politics. I don't want to
hear about your politics and your sports columns. Okay, if
you want to go off and write it an op
ed on politics, fine knock yourself out, but don't do
it in your regular sports column. That's not the time
(20:29):
and the place for it.
Speaker 2 (20:31):
Jim. We moved from the doyers to the war besides
the human lives, which is already too expensive. Jim, I
want to ask you, because you worry about the debt,
where are we getting the money for the war?
Speaker 20 (20:46):
Well, we don't have the money. We're getting an additional
appropriation to run this war. And again we are going
through two trillion dollars a year on a forty trillion
dollar national debt that, like I said, we're racking up
an additional two trillion a year. The interesting thing is
if you look through the budget and from what and
from and from from what I can scope out is
(21:06):
that we're probably within five years, if not short, of
this actually becoming a real thing, to where the financing
of this starts becoming unsustainable and we'll have to start
looking at cutting government programs. And we've grown them, unfortunately,
very vigorously since COVID and or since twenty nineteen. Technically
we're up like something like fifty forty seven percent in
(21:28):
our expenses and we're only up like twenty percent in revenue.
And that's not that we haven't been collecting enough taxes.
That We've been growing the program within the federal government
and in California the state government at a rate much
higher than the rate of inflation. And the question is
where is all that money going. That's that's one question.
But yes, we don't have the money to run the war. Trump,
I'm afraid. Yes, I think you might be right, and
(21:50):
Trump is going to be that I don't believes the
right word, but he's gonna He's going to walk himself
into a corner. I guess probably the best way to
explain it for Trump that is only way out to
not look like he is a fan failure in this
war and not look like that that he's capitulating is
to put boots on the ground. Now, whether he does it,
it takes over carg Island. I don't think that solves anything.
I think that creates a huge mess because you're going
(22:11):
to have them in a spot that's going to be
not very defensible. From what I've heard from a lot
of military experts, You've got a guy that does that.
I you know, not my expertise, but yeah, I don't
see where this ends well in any way, shape or form. Fromerica.
I mean, it's just what are the less bad options
at this point, and to me, the least less bad option,
(22:33):
if that's the right phrasing. It's basically it's just a
walk away from it and just just take the loss.
But Trump, with his ego, isn't going to Trump. His
ego will not allow him to do that. They will
not allow him to walk away from the point from it.
And except that, you know, it's a defeat and I'm
putting that in air quotes. So that's that's where we are.
Where it goes from here, it'll be interesting, and he's
(22:54):
messing up lots of thinks, including the Formula one season
now too.
Speaker 2 (22:57):
Jim My frustration levels to the root, and I think
what could be coming, and God, I hope I'm wrong.
Is ego is playing a massive part in this. And
I feel like his ego is going to drag us
into something where there's boots on the ground because he's
always worried about legacy and he's always worried about how
I look. And that is my fear. Is besides the
(23:20):
fact that we're already in this and the costs and everything,
and we've lost soldiers already, is the ego is going
to cause us to lose a lot more.
Speaker 20 (23:30):
Yeah, that's why I was talking about him being bullied
into or walking himself into a corner that he can't
get out of without having to put boots on the ground.
And that's that That is my concern if you've just
looked at Trump over the last ten years on where
and where and where he does stuff and what he's
willing to do, because if he, if he could find
a way to spin this into a victory, I think
(23:50):
he'd be willing to walk away and try to spin
it into a victory. I don't think that even he
can kind of grap his mind around an ability to
do that, and certainly his statf I don't think he
can come up with a way to sell it to
him that he can look at it as a victory,
because you don't want to tell him that it's going
to be a loss of which will push him into
a point where he would then put agivgaant boots on
(24:13):
the ground, which is bad for multiple reasons. But like
you said, right now, right now, it's only a political loss.
It's not a large life, large loss of military life
if we continue to go forward, which will happen if
we do put the boots on the ground, because it's
not going to be ten thousand boots on the ground
if you really want to clean up the Iranian message,
fifty thousand or seventy five thousand or maybe more. And
(24:36):
that's going to cost hundreds of billions of dollars and
thousands of American lives. And I just don't think Trump
wants to do that. I hope that he's just willing
to take the political loss and walk away from it
and realize that he just can't risk that many American
service people's lives on that sort of adventure.
Speaker 2 (24:52):
Jim promises made, promises kept, a lot of promises made
for in war. We're going into another place soon, all
of this stuff that a lot of people on the
MAGA side of the Republicans are saying, promises made, promises kept.
(25:13):
Here's one that's not been kept. And this is not
one I think you can argue with, even in the
most wackadooish mind out there who might think so the
debt is growing. We can argue about some of the
other stuff out there when it comes to promises made,
promises kept, but the debt, you can't argue that one
point five chillion they want now just for the military.
(25:35):
What are we doing? I mean, you can't be thrilled
by this?
Speaker 20 (25:38):
Yeah, no, I agree. When he's done the immigration, so
I will give him the credit for immigration reform, or
not even reform, but basically securing the border and beginning
to get the illegal aliens out. Yes, that's created a
lot of havoc with the way that it's been done,
and not a lot of people are happy with the
way that it's done. But I will give him credit
for that. But yes, you're one hundred percent correct. To me,
his greatest his greatest failure has been on the biggest
(25:59):
just pointment has been on the budget and on the
deficit and the national debt, because he promise he was
going to fix that back in twenty sixteen. COVID came
along at the end of his first term that he
really wasn't much on track doing it, and in the second
term he's just disregarded it. It's not even been a
concern or anything I've even heard him speak of since
he started campaigning for the twenty twenty four race. And
(26:19):
it is at this one because it is a problem
that continues. The compound itself. We don't have the money.
I mean, you know, there's two ways to look at this.
We don't have the money to do it. We don't
have the money though, to do any of the things
that we're doing right now in the government for the
most part. So it's just more money that we don't have.
And the problem is after rather that it starts kind
(26:41):
of you kind of get numb to it and you
don't really realize how much money we don't have that
we're continuing to spend because again, it's not going to
come due on his watch, He'll be long gone before
this comes due. Well somewhat long gone before this comes due.
It may come do on Rubio's watch if he's here
for eight years, or Vance's watch if they're around for
eight years, because that's about the time if this is
(27:01):
really going to start becoming a problem as far as
the fiscal health and ability to continue to borrow unlimited
amounts of money for the government. So no, we don't
have it. Yeah, I don't know if we can, if
we can bomb mally cheaply or not. I know there's
a problem going on there, but we certainly don't have
the money to go into Iran with the way we
should and again, Yes, I wouldn't say that it's an
(27:22):
unjust war, but the rationalization for the war compared to
the fact that we have not been really directly attacked
on the American mainland by Iran. There's been proxy actions
all around the places, and plenty of service people have
been killed unfortunately over the forty seven years of the
Runian regime has been in there. But no, that's not
been like a nine to eleven knock on wood type
(27:43):
of attack that you can rationalize it and really rally
the people for it, and people look at it more
again as a pocketbook issue you talked about, No, we
haven't reduced the price of medicines or healthcare. We haven't
reduced prices. So eight prices are down, but gus Lean
prices are up. Be prices are way up. Most commodity
prices are up. Your insurance is up. Besides your health insurance,
(28:03):
your auto insurance, your homeowoness insurance are up. Basically everything
you've been you buy is up. And energy hit one
hundred dollars a barrel yesterday, it's probably maybe me up
more today. That comes down everywhere that filters through the system.
Prices are not going to be coming down, even though
they did in the month of June because we had
basically then had their memorandum in place. So, yeah, this
(28:25):
is a mess and Trump is running into a wall
very quickly. Putting boots on the ground in I run
is not going to win him the midterms. It will
cost him the midterms. Whatever chance they have of letting
the Democrats implode in the midterms will be lost if
they put boots on the ground because they will not
be a quick, decisive victory. I do not believe.
Speaker 2 (28:44):
Last question talking to Jim Kennedy Kennedy inst Too of
Public Policy Rasearch, we got more tariffs. I'm pretty excited
about that because fifty percent tariffs. You know Canada because
you know, my son plays hockey and oh yeah, that's right,
Canadian goods, including hockey crap. But another sixty, you know,
(29:05):
sixty countries with tariffs at a time when gas price
is arising, people are still you know, inflation hasn't gone anywhere.
At what point is there nobody inside that White House
that goes, hey, maybe now isn't the time.
Speaker 20 (29:21):
Well, I think he was trying to rationalize the tariffs
on a number of the countries, or are countries that
have slave traders, something obviously Canada doesn't. Kennedy's he's terrri.
I mean, if I'm not mistaken, he's tariffing Canada because
he wants a better trade deal out of them. And
he's mad at Carney for the wildfires that are polluting
the north or that are that are putting smoke into
the Northeast. Yeah, if I'm not mistaken, I mean he's
(29:42):
basically he's just mad. So he's gonna go ahead and
put tariffs on Canada. I mean, hey, look, you can
you can use New Hampshire maple syrup. We don't need
Canadian maple syrup. Sorry about your hockey sticks, you can
buy it. Are there any American hockey sticks manufacturers?
Speaker 2 (29:56):
No, man, No Bob. The kids, the kids want what
they want.
Speaker 20 (30:00):
And then and there's well we're joking about the hockeys.
There are lots of Canada is one of our largest
trading partners. There are lots. There are billions, if they're
not really.
Speaker 2 (30:11):
One of they are are, if I'm correct, Mexican one
or two.
Speaker 20 (30:15):
Yeah, exactly, I think there are one or two. So yeah,
so you're talking hundreds of billions, if not a trillion
dollars worth of goods that come into the nation that
we would have, yes, that would be looking at tariffs
on Hopefully Carnie will blink and he'll agree to the
to the to what Trump wants for a new trade agreement,
which I think would be the second or third trade
agreement that we've had with Canon and know why we
(30:37):
can't seem to keep trade agreements, but that's you know,
welcome to the world of Trump where everything is constantly
changing in that world. So yeah, I mean, he needs
to get this cleaned up. Affordability is still looked at
by both people, the average Americans sitting down to basically
figure out, Okay, what what events we have with our
kids this weekend? Do we have swimming? Do we have soccer?
(30:57):
Do we have baseball? When they do that, they're not
worried about the warrant. They're not worried about the conflict
and Rod. They're worried about prices. They're worried about, Oh no,
I got to fill up the gas tank. That's going
to be seventy five dollars when I used to pay
forty dollars for it. That's a problem because that's thirty dollars.
I don't have to buy groceries or pay off the
credit card this month or something like that. And that's
(31:17):
where the problem is. Everyone continues to say affordability is
a key driver in this election. I think a lot
of Washington and a lot of the politicos have gotten
into a bubble where they're kind of ignoring what the
American public does. Maybe they need to be more like
your senator down there, Marsha, who continuously talks to the
people all the time.
Speaker 2 (31:36):
She ain't talked to nobody in Tennessee for a long time.
Speaker 20 (31:40):
Well, somebody needs to talk to the people in Tennessee
and all the other forty nine states because people are
telling them costs are up, and neither part of your
guards how you want to look at it, Not the Republicans,
certainly not the Democrats. Democrats just say we want to
give you free stuff, but we're not going to tell
you how to pay for it, and we're going to
have to really tax you to actually do it. And
their publicans, I really don't know what the Republicans message
(32:01):
is right now other than we're getting rid of the illegals,
and you know, we'll give you tax cuts at some
point going down the road, neither party to me has
a message that is resonating, which is why when you
talk about that congressional plus eleven type of number, that's great,
but when you start getting down of the policies and
the individual people, that kind of fades away, and each
(32:21):
race is going to come down to four and thirty
five individual races, and I think it's thirty three individual
Senate races, and it's really going to come down to
the candidates and their quality as far as the midterms.
But yeah, it comes down to affordability everybody. Until somebody
gets that, no one's going to really be able to
I think, you know, it's really going to get anybody
(32:42):
coalescing behind them and getting the American people coalescing behind them,
and it's going to be a problem for both parties.
Speaker 2 (32:48):
It is. His name is Jim Kennedy, Kennedy Institute of
Public Policy Research. You're going to come back on Monday.
We talk a little midterm Monday, brother, We will do it.
Then you have a good weekend.
Speaker 20 (32:56):
Thanks.
Speaker 2 (32:56):
Chat again. If you want to check out what GM
does is substacking whatnot, go to right egim dot com.
And of course midterm mondays dot com relief Factor. Do
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Relief eight hundred to number four relief for Relief Factor
Chat Benson.
Speaker 21 (34:06):
Show, Welcome to chatshe no, not the country, the Institution,
The Chat Benson Show.
Speaker 22 (34:21):
Last night, President Trump gave a speech at a high
school in Georgia, and he tried to make fun of
their Democratic Senator John Ossof by comparing him to pee
Wee Herman.
Speaker 2 (34:30):
But listening to what he said.
Speaker 23 (34:31):
I thought ours off before, as you know, and we won.
We had a great success against this guy.
Speaker 2 (34:37):
He reminds me of Pinky Herman. Do you ever see Pinky.
Speaker 7 (34:40):
Herman, Pinky Pinky Pinky Herman, Pinky Herman.
Speaker 22 (34:49):
In response, John Austin was like, I know you are
but one am I.
Speaker 2 (34:52):
I know you are one of my Pinky Herman. Do
you guys ever see pinky little guy? Very very I
know I fought him as well, just like us, off
beat him, just fantast just crushed his soul during the speech.
If you guys haven't seen it, the guy behind Trump
mimics Trump the entire time, does his mannerisms and the
(35:15):
entire speech because he's reading it off the teleprompter. It
is uh, it is funny. Pinky Pinky Herrman, that guy
and with the thing h jeez, fantastic three two three five,
three eight, twenty four to twenty three at Chad Benson Show.
Is your ex insta, YouTube and more. Love hearing from
all of you right here on the Chad Benson Show.
Coming up, hour number two of the program. A lot
(35:36):
of stuff to get to, including Comic Con. You guys
know what comic Con is. It's fantastic. Talk a little
bit about it, and all of the stuff that's coming out,
new movies, surprises, what's gonna be the big movies for
the rest of the year, because every once in a
while we need to switch a little bit off politics.
Not that we're not going to talk some We got
our buddy Zach Abrahm, Chief Investment Officer Bullberg joining the
(35:57):
program as well, talk about all where does he think
it's going to go? Where can it go? And why
has it exploded if you will, and gone to one
hundred and fifty dollars a barrel. Talk about that the
latest from Iron We get your urban word of the
day as well. Reach out to this as across all of
our social media. We love hearing from here, and make
sure you like and subscribe on YouTube as well. Our
(36:18):
number two straight Ahead Chad Benson Show.
Speaker 1 (36:21):
This is the Chad Benson Show, The Chad Benson Show.
Speaker 2 (36:51):
Yesterday we talked about the data centers, Trump and then
making a pledge yesterday that they're gonna maybe do something
to help out. You know, it's kind of one of
those pledges where there's nothing really behind it other than
they're going to come in and they're going to eat
the cost of it, and everybody's going to be rich
and it's going to be amazing.
Speaker 24 (37:07):
The pledge today is being expanded to acknowledge all elements
involved in building and operating data center, the governors who
appoint the state regulators who set the power prices, the
utilities and the co ops that sell the power, and
in addition to the tech companies that have already signed
the pledge.
Speaker 2 (37:24):
Now, one thing I will agree that Trump said yesterday
about the data centers is an AI itself. China is
going to do it, so we don't really have a choice.
We don't have a choice. China is doing it. They're
moving forward. They've caught up to us probably, and we're
going to talk to our buddy Zach Abrahm, ch investment
(37:46):
officer from Bulwork in a little bit about AI itself
and the cost of everything and the profitability. But the
fact is that China is doing this and this is
the arms race. The question is are we getting the
answers that we need in certain areas about the effect
(38:07):
that's going to have on everything from yeah, we can
talk about the environment, what could do the animals, your
property values, but also your pocketbook, right, your pocketbook, because
it's important that we talk about the pocketbook.
Speaker 23 (38:23):
Yesterday, Trump the American innovators and consumers strive to win
together because we're insisting that AI data centers and big
tech companies pay.
Speaker 2 (38:34):
Their own way.
Speaker 23 (38:35):
And that's what they're doing, and they're happy to do
it because this way they're going to be able.
Speaker 1 (38:40):
To function and function brilliantly.
Speaker 23 (38:44):
They're gonna have a lot of electricity left over and
they'll put that into the grid.
Speaker 2 (38:48):
Are they I mean, is that true? Because remember it's
a pledge, like we pledged to do that, but there's
nothing in States are taking upon themselves to do stuff,
and they're overreacting at times. They are. They're overreacting in
many places, they're over because you need to know the information.
(39:11):
And part of this is and I think they're starting
to understand this is they've got to get out there
themselves and get ahead of the bad news, the fears
you must, as Sways said, fears. And you're seeing that
in Texas, right because remember last year, you know, we're
(39:32):
going to be the biggest data center. You know, that's
what Abbott pledged to. We're going to be the data
kingdom of you know. And then all of a sudden
things change, and now they're trying to figure out because
voters are not happy. And by the way, it's really
interesting if you guys notice this that when there is
something like this that the right and the left don't
(39:55):
be good, don't don't go the other way, they become
one because they're not happy. They're worried, they're frustrated. We
talked about it yesterday. They're worried that, oh is this
you know, I mean, is this going to affect my life?
Is this going to cost us? Morning? Corey Trump does
what he does, right, he comes out, and it's always about, well,
(40:16):
you guys are going to make so much money. You
have no idea. It's going to be everybody's gonna be rich.
Speaker 23 (40:20):
Your community and your state's going to become rich. And
there's very little disruption. And again, if you don't take
all that money. Somebody else is going to take it,
you might as well do it yourselves.
Speaker 2 (40:33):
So several data centers now are doing the thing that
should be done when you're thinking about moving into community,
have a town hall, sit down and talk to the
people and explain to them, rather than them living in
a world of unknowing hearing bad data information, and give
(40:55):
them the facts about what will be coming and how
this could affect them, because it takes away the narrative.
We need data centers. Trump's right, We've got to this
is this is a this is the arms race right now.
But if you're not going to go into a community
(41:20):
where you're hoping to be a partner not a pariah,
and not have a conversation with people before you go
in there, and you're going to come in like the
Death Star, you're not going to be welcome with open arms.
You're going to be welcome with protesters and anger. So
in some cases the data centers haven't been all they've
(41:41):
said they were going to be to the community. In
other cases, the jury is still out. And like I say,
long term, do I think it's going to be beneficial?
Hell yeah, But short term you got to get over
the fears that the people have have by talking to them.
(42:03):
By talking to them, we move from there and that
chaos to the flock cameras, which we've been talking about.
I don't want any part of the flock cameras, but
it could save people. I understand that completely. Flock's gonna
come out and say it's great, The police Department's gonna
say it's great. But we go back to something that's important,
which is our privacy. You know, we talk about data
(42:25):
here and stuff, you know, our good our partners over there,
incognitiate and stuff, but our privacy is important. And these
cameras are everywhere, and we have allowed Big Brother to
be Big Brother business. And we should be worried because
while the idea of it is the spirit of the
(42:46):
idea is, look what it's gonna do. It's gonna solve
crimes and potentially stop murders and kidnappings and find old
people and kids that are lost. As we all know,
abuse is going to happen. Case in point.
Speaker 13 (43:02):
But we start now at eleven to night with breaking news.
Speaker 25 (43:05):
The Sumter County Sheriff makes a startling confession and has
gotten one of his own deputies behind bars. That deputy
is accused of spying on her husband's ex wife, and
as a result, Sheriff Pat Breedon has suspended the use
of one of law enforcement's most powerful tools, that is
cameras that read license plates.
Speaker 13 (43:22):
They're called FLOCK cameras.
Speaker 26 (43:24):
Well.
Speaker 25 (43:24):
Here's how the sheriff made that announcement tonight on Facebook.
Speaker 27 (43:27):
Today, I had to arrest one of my own for
issues of multiple law enforcement databases. It is difficult to
express my extreme disappointment in the actions this detective chose
to take. I assured you I would not tolerate behavior
that does not align with our standards of professionalism and integrity,
and as a direct result of her actions, this detective
(43:48):
has been both terminated and arrested.
Speaker 2 (43:51):
Yes, good, and you, duddie, you're not the ex wife
who's checking on the ex husband to see what is
new wife or girlfriends about the wife. And you're abusing
it because the spirit of it isn't the reality of it.
And we have already seen that flock has allowed the
(44:14):
federal government to continue to view things when they shouldn't
have been able to do that. We've already seen the
intrusion of local agencies as well. And this is not
the first and will not be the last official law
(44:35):
enforcement officer whatever you want to call it. However you
want to look at it to do this, You know how,
I know because two we are as a species, all right.
You want to peak, Well, what's going on? What's on
your phone? And wonder what they're saying about me? If
you had a chance check, you know you would oh
stop it. Yeah, Now multiply that behind, you know, with
(44:56):
with all of this stuff, and hasn't Snowden showed us
that we can't trust again? The spirit of it sounds great.
The reality of a different story until tonight.
Speaker 25 (45:06):
This woman here, Deputy Brandy Almany, was a detective. She
has been with the Sheriff's office since twenty nineteen. A
criminal ca is kicked off earlier today and at fine
she improperly used law enforcement databases for personal reasons. Those
databases include the Comprehensive Case Information System or the CCIS,
the Driver and Vehicle Information Database or DAVID, and the
(45:29):
Flock license Plate Readers.
Speaker 27 (45:31):
Well, I do believe these systems are a valuable tool
for law enforcement. Due to these circumstances, I have ordered
a complete internal audit of all the databases, and I
have suspended the use of flock at the Central County
Sheriff's office.
Speaker 25 (45:44):
Well, the sheriff says, Detective Almany was interviewed and immediately
suspended from duty and now she's under arrest and will
be fired.
Speaker 2 (45:52):
Yes, not the first, won't be the last. We've already
had several officers who were looking up license plates of
pretty young women that they were essentially you know, snooping, stalking,
whatever you want to call it. And that's just the
(46:14):
beginning of what's out that the abuse that can come
with it. It's watching a guy yesterday here because we're
going through it out here in Nashville's Texas as well.
And one of the interesting things the guys like they
put this in front of my house. I feel like
I'm being watched twenty four to seven. Understandable, understandable, We'll see.
(46:41):
This is so you got flock and you've got data centers.
This is where we all take off the red and
the blue of right and left and we go we
are one. And I was talking to my buddy Chris
who does the local show before me. Very maga, great guy,
just great guy, very talented, by the way, some point
that if you have a chance to check out him,
Chris Handy ridiculously talented and I think gonna be big
(47:05):
in this industry. But he and I were chatting about
this and he goes, he goes. The right and the
left can get together. You're worried about the information getting
the ice, and the rights worried about the left taking
it and abusing it in the future for anything they
can when it comes to protest over pro life. Let's
all get together and just say, look, as one, let's
(47:28):
get rid of this damn thing. Let's do it. So
as we know, the spirit of things sounds great, the
reality of the things different because how it plays out
with humans. And there will be mistakes which we recognize,
(47:49):
including one guy who car got stolen, robbery was committed.
They said it was his car and he didn't do it.
He's had to fight that. But the other stuff that
will happen with this, and how government, both local and
on the large scale, have been known to be a
little abusive in their powers and overstepping what do you
(48:13):
think let me know three two, three, five, three, eight,
twenty four to twenty three at Chadminton Show is your ex, insta, YouTube, Facebook,
and all the other things. Love hearing from all of you.
Coming up Comic Con, we're gonna talk about it. Is
Mickey Mouse racist. We'll also talk about that and our
buddy zach A Ramach, investment officer, bull Capital joints the programs.
Speaking of Bulwark Capital, you need to get yourself a
(48:35):
risk review. With all the things going on. AI is
that bubble about to burst?
Speaker 20 (48:41):
Oh?
Speaker 2 (48:42):
What about oil? Is that a place that maybe you've
got some money and you're worried what might happen? Or
you were thinking what should I do? Talk to my
friends at Bulwer Capital totally free. It's called to Know
your Risk Portfolio Review. They'll sit down with you. They'll
go over the questions you have and show you what
they're all about. Risk management, lower risk, lower costs, lower volatility.
(49:07):
So important, especially at a time like this where volatility
seems to be kind of rampant. Find out what they
can do for you at Bulwark Capital. Get your free
know your Risk Portfolio review today. Go to Know Your
riskpodcast dot com. Know Your riskpodcast dot com for our
friends at Bulwark Capital.
Speaker 28 (49:24):
Management investment advisory services offered through Trek Financial LLC and
SEC registered investment advisor. Investments involve risk and are not guaranteed.
Past performance doesn't guarantee future results. Trek twenty six one
one Chad Benson Show.
Speaker 1 (49:47):
You're listening to the Chad Benson Show.
Speaker 2 (49:49):
It's called Comic Con. It's where all the nerds come
together down in San Diego, California, and they do nerd things.
I'm kidding, of course, I'm not really. There is a
bunch of nerds and they show up and but this
where you get to see all the stuff, right, this
is where the TV companies debut what is going to
be their new upcoming cool and hip thing. But of
(50:10):
course all of the movie trailers you see like Ebenezer Well,
little Johnny Depp.
Speaker 20 (50:16):
I said, yousa, Mary Ahmad, Harry Christmas, Happy New Year,
I'm bug.
Speaker 2 (50:30):
Ddy Christmas, Oh Johnny and or Johnny Depp. You will
only do a movie if he gets to dress up
and he looks unrecognizable in it and it looks kind
of cool. But of course this is also where they
debut little special things like Avengers Doomsday. You get to
see a little behind the scenes, maybe a minute or
(50:52):
two that you don't get to see anywhere else.
Speaker 26 (50:54):
I've fought with many warriors in my time. They were
far stronger than all of us together, and they died.
They died facing enemies and threats. Scared me farther less
than this wonerful. We are going to need a miracle.
Speaker 2 (51:12):
Hey, now it's not possible. What was that? That was
four and Chris Evans still alive? What I know? Right?
Crazy because of all the dimensions. But it wouldn't be
Comic Con without people showing up to wear their outfits
(51:34):
like this guy dressed as Doomsday himself, but all the
other people talking about why they show up.
Speaker 29 (51:39):
We're also going to the Star Trek meetup and also
the Star Wars meet up NERD the great opportunities to
meet other people who loved dressing up in costume, gathering
together and sharing techniques and whatnot.
Speaker 30 (51:51):
My favorite part is honestly just people watching. It's just
so much fun.
Speaker 31 (51:55):
Everyone seems like they come together and.
Speaker 30 (51:58):
Just has an absolute blast.
Speaker 11 (52:00):
So kind it's just it's so much fun.
Speaker 31 (52:02):
Our favorite part of the cosplay. As you can tell,
we enjoy it a lot. So we're really looking forward
to the masquerade on Saturday. But other than that, artists. Ali,
that's pretty much all we've done all morning is walk
up and down and see all of them in their artworks.
Speaker 30 (52:14):
It's great.
Speaker 2 (52:15):
It is great. By the way, I like how you
took Velma and made her kind of hot. If you're
missing the show, shame on you grabbed the podcast. We
love hearing from all of you. Right here, the Ched
Bedson Show. And the other girl there she's dressed is
Mary Poppins. If Mary Poppins was gonna be a stripper,
(52:37):
we should do that, right, little Disney movie stripper theme.
Maybe they will.
Speaker 7 (52:42):
Ched.
Speaker 2 (52:42):
You don't know. Have you ever been. I've been. It's interesting,
no doubt about that, Nerds. I'm kidding, guys, Nerds. Speaking
of Disney, this week, the Smithsonian was dragged in front
of Congress for a hearing, and some of that has
to with wokeness, right, so you know, the administration's telling JD.
(53:03):
Vance and them go in there and anything that's anti
American or whatever, make sure that they get rid of that.
We don't want that, right, We only want stuff promoting
American values and not anything bad. But Mickey Mouse came
up in this, and this is Brandon Gill asking the
curator the head of the museum. If Mickey Mouse is racist?
Speaker 32 (53:25):
Is Mickey Mouse racist?
Speaker 2 (53:27):
Nope, Mickey Mouse is not racist.
Speaker 32 (53:29):
It's not racist. According to the Smithsonian Institution, one of
your exhibits reference to Mickey Mouse is representing quote vestiges
of long standing traditions of blackface minstrelsy. Would you describe
that as racist?
Speaker 13 (53:44):
No, The historical trajectory of the origins of Mickey Mouse,
tied directly to.
Speaker 32 (53:53):
Mickey Mouse, is rooted in racist and that is that
you're testimony here.
Speaker 28 (53:56):
It's rooted in menstrualy.
Speaker 2 (53:57):
And actually you're not even talking about Mickey Mouse. You're
talking about steampunt Willie. Are you really doing this? Yes?
We are enough with the virtue signaling on both sides.
Put what's truth out there and let's move on with
their lives. Can we do that? Oh boy, and Mickey
you better settle down with your racism.
Speaker 33 (54:15):
Chat Benson Show, then Chad Benson Show, The Chad Benson Show.
Speaker 2 (54:41):
All right, it is that Sound of the Week with
good buddy Zach Abram, Chief Mestment Officer Board Capital is
with us and man, you we haven't talked in a
couple of weeks, and I don't know if you're aware
of this, but some stuff has gone down. Things are
going sideways. Let's first and foremost start with all what
is First of all, how do do we not have
one hundred and fifty dollars oil? How is that possible?
Speaker 34 (55:03):
We've been talking about this over and over and over
on our own podcast, and it's been fascinating to watch.
When we broke ninety to the downside right when the
war was over, even though guys like you.
Speaker 2 (55:15):
And I were sitting there going nothing's been done. We
think this will probably jump right back off again.
Speaker 34 (55:20):
There's no way we're going to give all those concessions,
there's no way Iran is going to take last you know,
blah blah blah, the stuff that we knew. You're watching
a really fascinating dynamic play out markets. One of the
things we were telling people on our podcast was save
some of your powder, drive for drive for oil, because
if we're right, it's probably going to go down way
further than you think it should. Now by saying that
(55:42):
I thought it might creek below eighty, yeah, I didn't
think you'd get all the way back into sixty seven.
So what you're really starting to see here in markets.
And it's not just oil, but oil's the most glaring
because it's such a right, it's like the blood of
the global economy. There's so many people involved in that market.
What you're starting to see is you're literally seeing.
Speaker 2 (56:04):
The tail wagging the dog.
Speaker 34 (56:06):
Why did a oil get down to the sixties? A
lot of job owning from the administration and then just
tons of shorts piling in. Where we pulled up this chart, chat,
this is about a month ago, I want to say,
and we're showing how the price of oil was going
down almost in perfect unison to the draw down in inventories, right, So.
Speaker 2 (56:28):
As inventories were dropping, so was price.
Speaker 34 (56:30):
And you just shake your head because you go, look,
I can't tell you I know exactly what the price
of oil is. What I can tell you is that
price in inventory should not.
Speaker 2 (56:40):
Go down together. No, I should not go down to
How do you get scarcity and a dropping market with
lots of want for that product. Well, the way you
do it is by having the dumbest market we've ever had.
And I think that that's where you're at right when
you look at retail involvement, when you look at retail
options positioning, you look at ETFs. All of these things
(57:02):
are our vehicles for uneducated investors to express their opinion
via a market right via price. And you know, if
they all if they all line up on one side
of the deal and go short oil while inventories are
hitting the lowest records in the history of the spr,
price can go down in a complete defiance of fundamental moves. But,
(57:25):
like we said, as frustrating as those moves can be
in the meantime, and it was frustrating for us. A
week and a half ago we had Clinton, not a lot,
but we had a lot of client. We had several
clients that were upset, thought we shouldn't own any oil.
What are we doing in oil?
Speaker 34 (57:39):
Here we are a week and half later, it's up
twenty five percent, you know, And we didn't look back
at them and say I told you so. But what
we're trying to teach them is, look, you're going to
get divergences between price and fundamentals unlike anything we've ever seen.
Speaker 12 (57:53):
They're not going to be fun to endure. But do
not let them. Do not let them obscure your person
perception of reality. Meaning you know, you again, you've operated markets.
Speaker 34 (58:04):
There's this old adage, and ninety five percent of the
time you should adhere to it, which is price is reality.
Then there are moments, and I'm not saying you should
think this often, because it'll cost you a lot of
money if you think it up, if you think it often,
But there are times when the market is very wrong,
and it's very hard to determine when it's going.
Speaker 2 (58:22):
To quit being wrong.
Speaker 34 (58:23):
We are seeing those opportunities coming along at a more
frequent rate. Earlier this week, you got a sharp rally
I think it was on Monday or Tuesday, and on
that same day the dollar and rates went substantially higher.
We came on the podcast and said, hey, guys, if
you haven't raised any cash, you should do it over
the next day or two because this move inequities is
(58:46):
running completely contrary to dollar in rates and dollar in rates.
When they get in the tuggle war with stocks, they
dollar in rates virtually always wins. Ironically, you ended up
getting two days after that move and dollar and rates
until some carnage hit today, and so we were right again.
Speaker 2 (59:06):
But I don't mean directionally right.
Speaker 34 (59:08):
What I'm saying is being right about the fact that
these obvious things will occur and the market.
Speaker 2 (59:14):
Because it's upside down.
Speaker 34 (59:16):
Right now, we'll give you way more time to adjust
and adapt to it. Right, Like, for instance, you know,
we already owned some oil and we picked up some
other assets. But the idea that you were able to
buy oil when this thing popped off for the second
time in the low seventies and high sixties. And if
you didn't like, what are you doing?
Speaker 2 (59:37):
Yeah?
Speaker 12 (59:38):
What are you doing?
Speaker 2 (59:39):
Right?
Speaker 34 (59:39):
And I understand why because price was telling you the
trade was broken. And usually we listen to price. That's
how you get in trouble, right, But then there's times
where you see two charts that shows you that is
asking you to believe that as inventories hit record lows
going back forty five years, that the price of that
(01:00:02):
underlying commodity should be going down with them.
Speaker 2 (01:00:04):
Come on talking to Zach, Hey, we have chiefvestment officer,
board capital Okay, real quick, uh Ai? How do we
how do we put this here? Zach? How is it
you're missing your your you know, any of your estimates
by ninety percent? Nobody seems to know how you guys
are going to turn to profit. Yet it continues to
drive the market because I keep looking around here going,
(01:00:27):
I don't six ninety nine is not going to get
you to a trillion dollar build out profitability.
Speaker 7 (01:00:33):
No.
Speaker 34 (01:00:33):
And and it was funny because we were doing a
town hall every quarter.
Speaker 12 (01:00:38):
At the end of the quarter, we have what we
call a town hall event where we do a.
Speaker 34 (01:00:42):
Zoom with all of our clients or as many as
want to, you know, come in and they ask We
do a Q and a session, we go through everything.
And it's funny because this is like the most obvious
question asked in investing right now, and yet it kind
of caught me off guard. The client said, Zach, what
is your take right now on all these chips and
DRAM memory companies and Intel. And I sat back in
(01:01:04):
my chair and I went, you know what, that's a
great question.
Speaker 2 (01:01:07):
I don't know. And I think that was kind of
surprising for our clients to hear.
Speaker 34 (01:01:10):
But the reason I said I don't know is when
I look at these things, I have no idea and
I'm talking within a fifty percent window on a lot
of them, and some it's even bigger than that. I
don't know how to price them. Yeah, right, you you
want me to believe this company is worth you know,
forty times revenue based on current margins, which are unbelievable.
(01:01:30):
In the case of Micron, I think current margins are
like eighty five percent or something like that. But what
do we know about margins When you see margins that high.
Margins only get that high for one reason, and that's
because there's a shortage. So by definition, they're unsustainable. How
long are those margins going to hang out in that neighborhood?
I have no idea, Right, are they going to hang
out in that neighborhood long enough? You know, because if
(01:01:51):
if Micron could continue to put up quarters like it's
putting up now for the next three years, they'll probably
make so much cash over the process that the the
you know, yeah, eventually the profits.
Speaker 2 (01:02:03):
Are going to drop. The margins are going to drop.
Speaker 34 (01:02:05):
You know, if you're if you're throwing forty to fifty
sixty billion a profit into the kitty for three straight years,
you know, and at the end of this, let's say
after three years, Micron comes out and they're sitting on one
hundred and eighty to two hundred and forty billion.
Speaker 12 (01:02:19):
Dollars of cash.
Speaker 34 (01:02:20):
Yeah, their stock is not going to drop by eighty percent, right,
they're going to hang in there.
Speaker 12 (01:02:24):
But how long is that going to keep up?
Speaker 2 (01:02:26):
I don't know.
Speaker 34 (01:02:27):
A lot of people go, well, look at the contracts
they got, contracts with these companies going out five years.
And whenever I hear that, I go, Okay, tell me
this is the first cycle you've ever invested in without
telling me it's your first cycle. Meaning at the peak
of the cycle, everybody's order books a mile long.
Speaker 2 (01:02:42):
Within one quarter, those odors evaporate. Right, It's like the.
Speaker 34 (01:02:45):
Old adage, we couldn't be going into a recession. Look
at Boeing's order book. Well, when somebody decides they no
longer want your three hundred million dollars jet, good luck
getting them to pay for it.
Speaker 2 (01:02:55):
Yeah right, you know, and the same will be true
with this.
Speaker 34 (01:02:59):
And you can even read through some of the contracts
they offer, all of these different outs. The contracts that
a lot of these guys have been putting up have
been as much marketing as anything.
Speaker 2 (01:03:07):
It's you know, it reminds me of it reminds me
of a pro football We start to do a three
hundred million dollars dear, although you're only guaranteed twenty million,
we can cut you off for the first season. Yeah,
that's I think that's a great comp. Right, that's a
great comp.
Speaker 34 (01:03:19):
Non guaranteed contracts, it's a it's it's guaranteed for seven
years until we decide it's not.
Speaker 2 (01:03:24):
Right.
Speaker 34 (01:03:25):
So, now that being said, I notice that I'm also
not saying that they're a joke. I'm also not saying that.
I'm also not saying to sell them. The only thing
that we currently own in our portfolio, and I believe
we are now outperforming the market on the air, which
is another thing I'm telling investors is say you don't
have to touch this stuff to get good results. Yeah,
you know, we're up fifty percent since January one of
(01:03:47):
last year and we barely own any of that stuff. Right,
So what I am saying is I can't put something.
Speaker 2 (01:03:54):
In a portfolio.
Speaker 34 (01:03:55):
If you're looking at me and saying, Zach, do you
think that company's worth more like four hundred billion or
one point two trillion. If I can't answer that question,
I can't put that in a portfolio. No, And Chad,
I'll be honest with you, I don't know if you're
going to tell me a company like Micron or Intel
is going to keep putting up results like this for
the next five years.
Speaker 2 (01:04:14):
Then the stocks a bye.
Speaker 34 (01:04:16):
But nobody knows, you know, we don't know when you
look at the level. Here's another one, when you look
at the level of capex that's being predicted. Here's the
one thing that I think you can bet on. If
the chip companies are worth what they're trading at, the
hyper scalers are not, no god, right, because that means
(01:04:36):
that they've got to keep that spend going into perpetuity, right,
like it's got to keep rolling for a long time.
Speaker 2 (01:04:44):
I don't know.
Speaker 34 (01:04:45):
I will tell you this will probably be unsatisfying for
a lot of people to hear. But when it comes
to the chips and the AI stuff, here's the other
thing to ask, right, you know, think back to companies
like Global Crossings right in the in the in the
height of the two thousand bubble, you know, Global Crossings
effectively and there was some fraud there too, but several
of those companies will use fiber optic cable as a
(01:05:06):
good example. Massive amounts of financial stress were caused because
we believed we needed all this fiber optic built out right,
and then there were several different technological advancements that happened
really quick, that all of a sudden we went from
not having enough fiber optic to having too much. And
if you owned all that fiber optic in the ground,
(01:05:26):
you were sitting on a big loss, but you were
still sitting on an asset of some kind. Yes, when
you're putting eighty to one hundred billion to two hundred billion,
now you still have the data center and the compute
you can sell.
Speaker 12 (01:05:38):
But if you're justifying that spend because.
Speaker 34 (01:05:41):
Of the AI model you're developing, which is how they're
all justifying it, right, They're saying, yeah, we can sell
compute from the data center, but the gold medal is
the is the AI program itself? Right, you justify that
your AI. Your new AI model comes out, it's lights out.
A month after you said or the month after you
put that new model out, another one comes out from
(01:06:04):
China that leapfrogs you make sure's obsolete.
Speaker 12 (01:06:07):
What is the value of that two hundred.
Speaker 34 (01:06:08):
Billion you did in Capex Now I know, because your
AI models useless.
Speaker 2 (01:06:12):
It just got leap frog.
Speaker 20 (01:06:13):
It's done.
Speaker 2 (01:06:14):
And you don't you own something that's useless. You don't
own something that's a physical asset that you can do
something with it's right useless.
Speaker 34 (01:06:21):
Now, yeah, what is the fourth best LM model worth nothing?
Speaker 2 (01:06:26):
Nothing? I mean I don't even know. I mean that's nothing.
Speaker 25 (01:06:29):
No.
Speaker 34 (01:06:30):
So yeah, we're talking about companies that had to take
sixty seventy percent write downs on fiber.
Speaker 2 (01:06:36):
What right down do you take on that? I don't know.
Whatever you can get when you sell for pennies to
whoever comes and gobbles you up.
Speaker 34 (01:06:43):
Right, And here's the other side of it. For the
people that own the hyperscalers and the chips. If the
chip forecasts are right, how much more stock do the
hyper salers have to sell to get there? What is
that going to do the price of their stock? And
then you look at the underlying index. If the hyperscalers
aren't going up, the whole index ain't going on.
Speaker 2 (01:07:00):
They make too much weight.
Speaker 12 (01:07:01):
I mean there Meg seven still what forty two percent
of the index.
Speaker 2 (01:07:05):
It's crazy something like that. So I don't know.
Speaker 34 (01:07:08):
Man, market wise, you're in a sketchy spot. I will
tell people right now. Look, not giving you investment advice.
I'm not telling people to go sell everything, get short,
go hiding a bunker, not saying that. What I will
say is when you look at the hammering the Google
and Tesla took because of their spending estimates, and you
look at this market right now, and you look at
(01:07:29):
the valuations. I tell people, you look at what's going
on in Iran. You know, oil going back up, Inflation
expectations are ripping back, which is reinstituting the possibility of
infrast rate hikes. I'll tell people right now, you know
we're all about know your risk risk management. The next month,
month to a half month and a half is a
is all going to be risk management.
Speaker 2 (01:07:50):
I don't. I'm not telling you markets are going to
get hit really hard. What I would tell you.
Speaker 34 (01:07:55):
Is, if I'm looking at this market right now, when
I'm looking at what's going on in the Middle East,
if you were to ask asking me Zach, stock market's
going to move fifteen percent one direction or the other,
which direction you think is going to go? I'm betting
you dollars to say if I knew it was going
to move fifteen percent, which I don't, the likelihood that
you got fifteen percent to the downside here is infinitely
more probable than it's to the upside. Absolutely, and a lot,
(01:08:18):
like I said, a lot of it has to do
with market composition. Meaning if you think the SMP is
going to go up another ten or fifteen percent, you
got to tell me something that's going to move the
hyper scalers up. And what's going to move the hyper
scalers up? They if they if they pull back their
spending estimates. But if that happens, what happens to the
chip companies because now they've got a twenty percent waiting
(01:08:39):
in the SMP. So it's and meanwhile you got pressure
on consumers ratcheting up higher rates. The ten years back
to four to seven, Oil's back to push in one hundred.
Speaker 2 (01:08:49):
It's not a good backdrop, man, No, not right now,
not right now at all. If you guys want to
talk to Zach, find out how he can show you
about risk management, what do they do? Brother, hew, they
get hold of you. Yeah, so pretty easy to find.
Speaker 34 (01:08:58):
First, we got a podcast every single day, Know Your
Risk Podcast. You can find us on YouTube and any
podcast sites where we cover all this stuff and try
to keep folks up today with what's going on. You
can also go to Buworkcapitalmanagement dot com. Every four to
six weeks we do a seminar that's free of charge.
Speaker 2 (01:09:13):
About forty five minutes.
Speaker 34 (01:09:14):
Tell people who we are, how we do what we do,
and it's a great way to get to know us.
But yeah, Bullworkcapitalmanagement dot Com, Know your Risk podcasts want
hard to find?
Speaker 2 (01:09:21):
Right, I'm brother good talking here to do it again
next week. All right, pal, thanks for having me. Coming up,
we got your urban word of the day. But first,
incogny your data. It's super important. You need to protect
your data because if your data gets out there, guess what, Scammers, thieves, criminals,
they can all buy it. They don't even need to
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(01:09:42):
and buy it. Don't let that happen to you. In
Cogni is going to solve that problem for you. They
go into all the data brokers and they get you
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you to get yourself off the list. These guys they
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(01:10:03):
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gonna do it for you? In Cognity. They're amazing I
work with them, and the reason is simple. They know
exactly what they're doing, they know how the game is played,
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what do you do? You go do? In Cogniti dot
com slash Benson code Benson safe just sixty percent. If
(01:10:27):
they can't get your information, it makes it harder for
them to scam you. In Cogni dot com slash Benson
safe just sixty percent. Right there in Cogniti dot com
slash Benson. Coming up, we got your urban word of
the day. This is the Chad Benson Show.
Speaker 21 (01:10:51):
Welcome to Chade, No, not the country, the institution, the
Chad Benson Show.
Speaker 2 (01:10:58):
We love hearing from all of you, and we do
take your suggestions. When you hear word you're not quite
sure about, or you think it's cool, let us know
three two, three, five, three eight, twenty four, twenty three
and you're thinking, let us know for what urban word? Silly?
Speaker 35 (01:11:11):
Now it's time for the urban word of the day.
The young have a vocabulary all their own, and we
break it down for you. It's called the urban word
of the day.
Speaker 2 (01:11:23):
Today's urban word. Somebody said, chat, have you seen this?
So we text the program and I said, see it.
I love it. Not quite in the spooky season, but
we're getting there. And you're starting to see rollouts of
stuff in stores already because it is summer ween. Summer ween,
(01:11:45):
so that a little bit of combination of the summer
and Halloween coming together. I gotta love that, baby, little
summer ween action is your urban word of the day.
Speaker 30 (01:11:57):
That was the urban word of the day.
Speaker 2 (01:12:00):
Now, you know, always good to know, and if you
have any suggestions, you hear something you want to know
about it, let us know. Three two, three, five, three, eight,
twenty four to twenty three at Chad Benson Show, X, Insta,
YouTube and everything else. Is so a great way to
reach us here at the Chad Benson Show coming up
our number three of the program. Still got a lot
(01:12:21):
of stuff to get to Iran. How close are we
to making it more of a war than a kerfuffle.
It's a serious question that I think more and more
people are starting to realize, Yeah, that's that's what's going
to happen. What does it mean for us? What's the
(01:12:41):
reality of what may be coming? Should we decide to
do that? And how does it affect us?
Speaker 7 (01:12:47):
Here?
Speaker 2 (01:12:47):
Are Buddy Jim Kennedy for the Kennedy Institute of Public
Policy Research is going to join the program as well.
We'll get well finally Friday Sounds of What's Trending? Hour
number three, straight ahead. This is the Chad Benson chock.
Speaker 1 (01:13:01):
This is the Chad Benson Show, the Chad Benson Show.
Speaker 2 (01:13:31):
What comes next when it comes to Iran and US
and potentially the houties Saudi Arabia? Is Is it going
to be boots on the ground. Is it going to
be just massive attacks over and over again? Is it
(01:13:52):
going to be diplomacy? Is it going to be muddling along?
What's going to happen?
Speaker 3 (01:13:58):
The presidents told Axia he is quote close to a
decision on his threat of a massive attack on Iran,
and senior White House officials told me today the President
is considering a range of options, including military operations at
the level that we saw at the height of Operation
Epic Fury at the start of the war.
Speaker 2 (01:14:20):
I have heard so many different things, and remember Mike
lines our military analysts. He says, when you see the
army make its move, you know, okay, this is when
the potential ground troops is coming. Now, there's been an
increase there's no doubt about that. And with that increase,
does it mean necess you know essentially that there's going
(01:14:40):
to be ground troops. I think there will be something.
It's the when and how big? And what do you
do if you're Iran and they decide we're going to
take carg Island. So they go and take carg Island.
Do you say, Efitt, we're going to blow it up.
Have you already wired it in some way, shape or
form to be a part of that? Are you going
to say, all right, America, this is what you want,
(01:15:00):
this is what you've got, or is it gonna be
We're just gonna bomb you a lot your infrastructure. We're
gonna try to make your life more miserable than it
already is. And Iran saying, well, we're gonna make your
lives miserable as well. And then you toss in the
Hooties and Saudi Arabia and what's going on there.
Speaker 4 (01:15:20):
We've been talking about the Straight of Horn moves for months,
but let's go about a street called bab El Mandev
just off the coast of Yemen in the Red Sea.
Ten to twelve percent of all global shipping goes through
that street. Each year, and now a lot of Saudi
oil does as well. The fear now is what happens
if the Hooties and Iron jointly decide to close bob
el Mandev altogether, causing oil prices to skyrocket.
Speaker 2 (01:15:42):
And that's what it's about. This is what you and
Irierston are going who this gay's gonna do, because that's
what we care about. That's what we care about. And
the thought is it may just be getting started, because
even Trump came out and said, look, we get about
four weeks left give or take when it comes to
even though we don't need the oil, we got to
four weeks left when it comes to what we have
(01:16:03):
and what the lowest we've been in what forty some
years when it comes to our strategic reserve. So now
is what do we do? And let's just say, for
the sake of argument, they decide take carg Island and
they go and do that, and then the Iranians who
are going to be able to hit Carg Island decide,
(01:16:25):
screw it. If that's what you're gonna do, we're gonna
blow that up. But we're also going to go and
wipe out as many pipelines as we possibly can and
spread this thing out. What would that look like? Then
you couple in already high prices, inflation still kind of
running hot, about to get hotter than you throw in tariffs,
(01:16:46):
and you've got an uncomfortable.
Speaker 5 (01:16:49):
Time national average this morning four dollars nine cents a gallon.
It has been creeping higher since this re escalation. Gas
Buddy's Patrick d'han predicts the US could see four five
to four forty a gallon very soon. And it all
comes back to the price of oil. Multiple routes are
threatened with the price of oil about eighty nine dollars
thirty seven cents a barrel this morning.
Speaker 2 (01:17:11):
And that is so you got West Texas crude, remember
these are futures contracts. You got West Texas crude and Brent.
What is the real cost of it. It's probably closer
to one hundred dollars physically in the immediateness and currently
it's sitting in and you know, Rent crud sitting right
around there, same thing with you know WTI, which is
(01:17:35):
ninety bucks and that's the West Texas Intermediate, and then Brent.
You've got Morbon crude which is trading near one hundred dollars.
I mean, we can start going on on this is
expensive and it's about to get more expensive, and think
about the things that oil is a part of, and
then you have to think about the things that also
(01:17:57):
come from that area. We've talked about before, from the
fertilizer to the stuff that helps them make chips, like helium. So, yeah,
this feels like it could get uglier before it gets better,
and God willing it doesn't. But you don't know, and
you don't know, and I unfortunately don't think Trump knows either,
(01:18:21):
And I think he's at the point where he's been
boozled and he's struggling, and it is frustrating. I think
we can all understand that as we go to the
gas station and look up and go, what in God's
name is going on? Talk about a whipsaw effect? Lots
of whipsaw on going on? What do you think? Let
me know? Three two, three, five, three, eight, twenty four
(01:18:41):
to twenty three atch had Benson show it is your
ex your Insta, your YouTube and all of the other things. Meanwhile,
we move from that to peptides crazy right the way
we did that hearing yesterday and going on today as
well about peptides, because that's like the raid. They're always
looking for the rage. What's the next rage?
Speaker 20 (01:19:02):
What is it?
Speaker 2 (01:19:02):
Member fenfen? And then someone happened to your body and
they're like whom. Then they had a lestra and they're like,
don't wear white pants. And now it's it's Peptides are
all the rage because everybody's looking for the rage.
Speaker 13 (01:19:13):
They are all the rage and wellness.
Speaker 12 (01:19:16):
So let's talk about peptides.
Speaker 13 (01:19:17):
Peptides short chains of amino acids marketed for everything from
healing injuries to speeding up metabolism to slowing down aging. Now,
an FDA advisory committee is considering whether seven of the
most popular peptides should be allowed to be made by
specialized pharmacies, increasing access even though they've never been approved
(01:19:38):
for safety and effectiveness.
Speaker 12 (01:19:41):
The demand for this peptide will not disappear.
Speaker 20 (01:19:44):
Ladies and gentlemen of this panel.
Speaker 2 (01:19:47):
Pandora's box has been opened. It's it's interesting you hear
the commercials. You know, peptides. It's a it's the new
catch all fixes everything. Okay, fixes everything. Inflammation, wound healing,
wound and injury, recovery, gut problems, obesity, metabolism, osteoporosis, and
(01:20:12):
there's a lot of things that it fixes. And this
is kind of the new thing. It's the catch all,
you know. I mean, look over the last teen years,
from obviously the obesity drugs, right, you know, the JLP
ones to you know, testosterone to you know, we could
(01:20:34):
just start going on and on about all of these
things that are out there, and this is the latest
thing that people are looking at. And some of you
right now may be on peptides. And I'm not saying
it doesn't work. It's the expanding access that I think
they're worried about. Which, look, as an adult, I think
you should be allowed to do adult things like make
(01:20:56):
decisions for yourself as long as you have the right infra.
Right they're lying to you. That's a totally different story.
Speaker 13 (01:21:02):
The synthetic peptides can be injected or used in a
spray cream or pill form. Doctor Rachel Pessipollo says she
fields questions every day, what are the pros and cons
for these peptides.
Speaker 19 (01:21:15):
What we know is that people.
Speaker 5 (01:21:16):
Are using these peptides, but we know that we don't
have data. We have some limited animal data, but we
do not have human data on the peptides that they're
studying today.
Speaker 13 (01:21:26):
Among the concerns possible contamination from imported products and what
exactly is in them.
Speaker 2 (01:21:34):
And that's the important part of it as everybody tries
to get these peptides and they open it up to
people out there to go and have their chance to
get to yourself some of those peptides. Because you've heard
good things about it on the interwebs and on the
(01:21:55):
TikTok and whatnot. You go to some of these compound pharmacies.
Is it is it the same? Are we getting? You know?
Is this this good stuff? Like I want top shelf, baby,
I'm putting into my body. I want some top shelf.
Speaker 13 (01:22:08):
Still, they are backed by Health Secretary Robert F. Kennedy Junior.
Speaker 12 (01:22:12):
I'm a big fan of peptide I've used them myself.
Speaker 13 (01:22:15):
Diana Sokel says she's a peptide advocate.
Speaker 25 (01:22:18):
By support bringing these things to market in a way
that's legal, accessible and safe.
Speaker 13 (01:22:23):
She uses peptides from a wellness center to build muscle.
Speaker 25 (01:22:26):
I would say within three weeks I started to see
the difference.
Speaker 13 (01:22:31):
So you think they're working definitely.
Speaker 2 (01:22:36):
And we will see I mean, yeah, this is going
to happen, and like anything though, as long as you know,
this is where I go back to my you know
where adults, we should be allowed to make up our
own minds, maybe, you know, as long as you've got
the right information, even though we don't have a lot
(01:22:56):
of information, if you've got information in front of you
should be allowed to make up your own mind as
an adult. I think that's true. Now, if somebody's lying
to you, that's a totally different story, right If they're like,
hey man, meet me around the block here at this motel,
and that's a totally different story. You're making a poor
decision at that point in time, a very very poor decision.
(01:23:18):
What do you think are you on peptides?
Speaker 20 (01:23:20):
Let me know.
Speaker 2 (01:23:20):
I would like to know how they're working, because peptides,
like you say, you know, I've had several friends have
gone on it for weight loss and it has worked
tremendously for them. I've had some people who've used it
just kind of an overall general like you know, fix
all thing, and they think it's worked good, but you know,
(01:23:41):
it's I think it's it'll probably you know, vary, but
there's no doubt they've seen results. But the long term, Well,
it's hard to tell what the long term is. Like anything,
it's hard to tell what the long term is going
to be because it hasn't been long term like this
in mass. But if you're on it, I would love
to know, how's it working for you? What are the
(01:24:04):
side effects? Nausea not explosive diarrhea only if I eat
at Taco Bell. It's not very fair to say, but
Taco Bell's foot traffic for you. Guys are not paying
attention because of the whole Monazuomer's Revenge and the lot
of stuff. It's down thirty percent. That's a big thing
to lose there. But as far as the nausea from
(01:24:25):
peptides or whatever the side effects are, I don't know.
I don't know, But if you're on them, I'm curious
about it because you know, I've heard a lot of
people talk good about it, haven't really had too many
people talk anything negative about it. But there are several
things that you can do with it. So we shall
see three two, three, five, three, eight, twenty four to
(01:24:45):
twenty three at Chet Benson Show X Instant A little
little bit of what's trending straight ahead for y'all. But
first Incogniti your data. How important it is so important
to control your data. That's why in wants to make
sure that you get your data back, because scammers, they're
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out there, Criminals buy this stuff, they scam you. They
can do stuff like just get a sentence or two
from one of your kids on their phone and then
clone their voice and try to scam you. Why because
they have all your information everything you could think of.
Could you imagine that getting a phone call from your
(01:25:27):
child's number with a voice that sounds like they're saying
they're in trouble. There's been an accent they need money.
You start to panic. Don't let that be you. And
Cognate goes into the databases that these data brokers have
and says, hey, take them off, and they do. Hundreds
and hundreds and hundreds of data brokers out there. They
have to remove your data and Cognate knows how to
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do it better than anybody. Four hundred and thirty seven
data brokers. My info gone, Thank you very much. I
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You go to incognit dot com slash Benton, use promo
code Benson sixty percent off right there when you sign up.
(01:26:09):
That's I n C O g n I dot com
slash Benton code Bentson what's trending? Straight ahead Chad Benson Show.
Speaker 1 (01:26:26):
You're listening to the Chad Benson Show.
Speaker 2 (01:26:29):
Now it's time to find out what's trending. What's trending?
Speaker 30 (01:26:33):
Stein James Dean.
Speaker 2 (01:26:41):
Norway, Oman, Pakistan, Qatar, Russia.
Speaker 30 (01:26:45):
Ser what trping?
Speaker 2 (01:26:57):
Alright, let's find out what's trending on this Friday? Shall we?
We shall start with the Yahoo number one trending thing,
the Odyssey Christopher Nolan's Odyssey. AI spending also trending, you know, Eve, Alphabet,
Google and everything. They hit projections, but everybody's nervous, and
(01:27:20):
we've talked about it spending. I mean, it's the amount
of spending they have and they're doing is just insane.
Oil Red Sea Jason Alexander trending as well. He apologizes
to Courtney Stodden for his twenty twelve sketch Trump tariffs.
(01:27:42):
Doyers All trending over to the magical world of Google. Nivia,
which I thought was lotion, but it's not. R and
B singer battling cancer, Diego Pavia football player waived by
the Baltimore Ravens before camp even started. Eggs. There's a
(01:28:04):
recall on Eggs. Super al Nino trending. Johnny Depp because
he's got the movie with the Ebenezer, talked a bit
about that last hour because a comic con is going on.
You don't know what comic con is. It's a good
time had by all. It's where you go to see
all the trailers, meet all the stars, find out what's new,
(01:28:26):
and see women dressed like Felma where you like, that's hot.
That's hot hmm. And finally over to x Alan Rickson
plays Reacher trending because of some of the stuff he
said on a podcast, Lots of NFL stuff, tons of
NFL stuff, Rams, Cowboys Panthers three two, three, five, three eight,
(01:28:49):
twenty four, twenty three at Chad Benson Show is your
ex your Insta, your YouTube, your Facebook and everything else.
If you're missing the show, make sure you grab that
podcast really helps us out, and of course check out
the YouTube as well. Right here on The Chad Benson Show,
Sophie cutting Ham trending, Red Friday trending, Saudi Arabia also trending,
(01:29:16):
and of course Made in America Week trending because of
the Maid in America Week. And then we find out
that we're not making as much in America as we
thought we were. And Alan Rickson, if you don't know
who he is, he is an actor. He's got a
movie coming out called Motor Cities and Theaters Today. But
he also is Reacher on the old television series on Amazon.
(01:29:38):
And he was on a podcast and somehow Epstein and
politics came up and he went off.
Speaker 36 (01:29:43):
People I think are a little bit afraid of me
because they're like, he's a loose cannon and I'm not.
I'm just saying that everybody should say if they gives
it about humanity, everybody el should.
Speaker 11 (01:29:55):
Feel like a heal.
Speaker 2 (01:29:56):
The world is on fire.
Speaker 36 (01:29:57):
In the world, Yeah, like, oh man, about the way
things are and the abuses that are happening every the
Epstein Files, the Epstein Files, good, where are they?
Speaker 2 (01:30:08):
It's a freaking lob bit show it you freaking pedophiles.
I shouldn't say because I'm a Christian and people are
gonna be like, how can you say he's a Christian?
Because that is something that should make you.
Speaker 36 (01:30:17):
Want to say, you know, sorry, God, I'm sweating now.
Speaker 2 (01:30:21):
I just this is my politics.
Speaker 7 (01:30:23):
Dude.
Speaker 36 (01:30:23):
I would have been a railroad these I would get
those Epstein files out in two seconds.
Speaker 2 (01:30:28):
Yeah, dude, two seconds. Move out of the way, like,
get out of it.
Speaker 36 (01:30:32):
I don't care what room they're in. Move like, give
me a Manila envelope. I will get you the Epstein files.
Speaker 2 (01:30:38):
I got my vote.
Speaker 20 (01:30:40):
Whatever you want to run for, you got it.
Speaker 2 (01:30:41):
That person's a little worked up. Reacher doesn't get worked up. Alan,
he got worked up. Coming up, speaking of somebody who
doesn't get worked up. The One and Only Jim Kennedy.
Kennedy answered to the Public Policy Research Joints A program plus
We've got your Finally Friday Sounds. This is the Chad
venton Chick.
Speaker 37 (01:30:57):
Then Chad ventson Joe, The Chad Benson Show, Sad Time.
Speaker 2 (01:31:21):
We talked to our good buddy, Jim Kennedy of the Gunnedy.
It's the dute of Public BALLASEA Research. Jim, Let's start
with the war, which I think is stupid. It's a
war of choice. It's also a war of expense, human
lives being the most expensive. But there's another part of
this that nobody's talking about. Money. Jim, where are we
(01:31:43):
getting the money?
Speaker 20 (01:31:45):
Well, we don't have the money. We're getting an additional
appropriation to run this war. And again, we are going
through two trillion dollars a year on a forty trillion
dollar national debt that, like I said, we're racking up
an additional two trillion a year. Inter sing thing is
if you look through the budget and from what and
from from what I can scope out is that we're
(01:32:06):
probably within five years, if not short, of this actually
becoming a real thing, to where the financing of this
starts becoming unsustainable and we'll have to start looking at
cutting government programs. And we've grown them, unfortunately, very vigorously
since COVID and or since twenty nineteen. Technically we're up
like something like fifty forty seven percent in our expenses
(01:32:28):
and we're only up like twenty percent in revenue. And
that's not that we haven't been collecting enough taxes. That
we've been growing the programs within the federal government and
in California, the state government at a rate much higher
than the rate of inflation. And the question is where
is all that money going. That's that's one question. But yes,
we don't have the money to run the war. Trump,
I'm afraid. Yes, I think you might be right, and
(01:32:49):
Trump is going to be that I don't believes the
right word, but he's going to He's going to walk
himself into a corner. I guess probably the best way
to explain it for Trump, that is only way out
to not look like he is a failure in this
war and not look like that that he's capitulating is
to put boots on the ground. Now, whether he does it,
it takes over carg Island. I don't think that solves anything.
I think that creates a huge mess because you're going
(01:33:11):
to have them in a spot that's going to be
not very defensible. From what I've heard from a lot
of military experts, You've got a guy that does that.
I you know, not my expertise, but yeah, I don't
see what this ends well in any way, shape or
formed from America. I mean, it's just what are the
less bad options at this point, and to me, the
least less bad option, if that's the right phrasing. It's basically,
(01:33:34):
it's just a walk away from it and just just
take the loss. But Trump, with his ego, isn't going
to His ego will not allow him to do that.
They will not allow him to walk away from the
point from it. And except that, you know, it's a defeat.
And I'm putting that in air quotes. So that's that's
where we are. Where it goes from here, it'll be interesting.
And he's messing up lots. I think he's cluting in
(01:33:54):
the Formula One season now too.
Speaker 2 (01:33:56):
Jim My frustration levels to the ruse, and I think
what could be coming, and God, I hope I'm wrong.
Is ego is playing a massive part of this. And
I feel like his ego is going to drag us
into something where there's boots on the ground and that
(01:34:17):
because he's always worried about legacy and he's always worried
about how I look. And that is my fear is
besides the fact that we're already in this and the
costs and everything and we've lost soldiers already, is the
ego is going to cause us to lose a lot more.
Speaker 20 (01:34:34):
Yeah, That's why I was talking about him being bullied
into or walking himself into a corner that he can't
get out of without having to put boots on the ground.
And that's that That is my concern if you've just
looked at Trump over the last ten years on where
and where where he does stuff, and what he's willing
to do, because if he, if he could find a
way to spin this into a victory, I think he'd
(01:34:55):
be willing to walk away and try to spin it
into a victory. I don't think that even he can
kind of g his mind around an ability to do that,
and certainly his staff I don't think he can come up
with a way to sell it to him that he
can look at it as a victory, because you don't
want to tell him that it's going to be a
loss of which will push him into a point where
he would then put Thegivgaanint boots on the ground, which
(01:35:18):
is bad for multiple reasons. But like you said, right now,
right now, it's only a political loss. It's not a large,
large loss of military life if we continue to go forward,
which will happen if we do put the boots on
the ground, because it's not going to be ten thousand
boots on the ground if you really want to clean
up the Iranian message, fifty thousand or seventy five thousand
(01:35:38):
or maybe more, and that's going to cost hundreds of
billions of dollars and thousands of American lives. And I
just don't think Trump wants to do that. I hope
that he's just willing to take the political loss and
walk away from it and realize that he just can't
risk that many American service people's lives on that sort
of adventure.
Speaker 2 (01:35:56):
Jim Promises made is kept, a lot of promises made,
foreign war, We're going into another place soon, all of
this stuff that a lot of people on the MAGA
side of the Republicans are saying, promises made, promises kept.
(01:36:19):
Here's one that's not been kept. And this is not
one I think you can argue with, even in the
most wackadooish mind out there who might think so the
debt is growing. We can argue about some of the
other stuff out there when it comes to promises made,
promises kept, but the debt, you can't argue that one
(01:36:40):
point five chillion they want now just for the military.
What are we doing? I mean, you can't be thrilled
by this.
Speaker 20 (01:36:47):
Yeah, no, I agree. When he's done the immigration, so
I will give him the credit for immigration reform or
not reform, but basically securing the border and beginning to
get the illegal aliens out. Yes, that's created a lot
of havoc with the way that it's been done, and
not a lot of people are happy with the way
that it's done. But I would give him credit for that.
But yes, you're one hundred percent correct. To me, his
greatest failure has been on the biggest disappointment has been
(01:37:09):
on the budget and on the deficit and the national debt,
because the promise he was going to fix that back
in twenty sixteen COVID came along at the end of
his first term that he really wasn't much on track
doing it, and the second term he's just disregarded it.
It's not even been a concern or anything I've even
heard him speak of since he started campaigning for the
twenty twenty four race. And it is. It is one
(01:37:29):
because it is a problem that continues to compound itself.
We don't have the money. I mean, you know, there's
two ways to look at this. We don't have the
money to do it. We don't have the money though,
to do any of the things that we're doing right
now in the government for the most part. So it's
just more money that we don't have. And the problem
is after a while that it starts kind of you
(01:37:51):
kind of get numb to it and you don't really
realize how much money we don't have that we're continuing
to spend, because again, it's not going to come due
on his watch. He'll be long gone before this comes due.
Well somewhat long gone before this comes due. It may
come due on Rubio's watch if he's here for eight years,
or Vance's watch if they're around for eight years, because
that's about the timeframe if this is really going to
start becoming a problem as far as the fiscal health
(01:38:14):
and ability to continue to borrow unlimited amounts of money
for the government. So, no, we don't have it. Yeah,
I don't know if we can, if we can bomb
mally cheaply or not. I know there's a problem going
on there, but we certainly don't have the money to
go into Iran with the way we should. And again, yes,
I wouldn't say that it's an unjust war, but the
rationalization for the war compared to the fact that we
(01:38:35):
have not been really directly attacked on the American mainland
by Iran. There's been proxy actions all around the places,
and plenty of service people have been killed, unfortunately over
the forty seven years that the Runian regime has been
in there. But no, it's not been like a nine
to eleven knock on wood type of attack that you
can rationalize it and really rally the people for it,
(01:38:56):
and people look at it more again as a pocketbook
issue you talked about, No, we haven't reduced the price
of medicines or healthcare. We haven't reduced prices that eight
prices are down, but guess lean prices are up. Be
prices are way up. Most commodity prices are up. Your
insurance is up. Besides your health insurance, your auto insurance,
your homeoones insurance are up. Basically everything you've been you
(01:39:17):
buy is up. And energy hit one hundred dollars a
barrel yesterday, it's probably maybe up more today. That comes
down everywhere that filters through the system. Prices are not
going to be coming down, even though they did in
the month of June, because we had basically then had
their memorandum in place. So, yeah, this is a mess.
Trump is running into a wall very quickly. Putting boots
(01:39:39):
on the ground in I run is not going to
win him the midterms. It will cost him the midterms.
Whatever chance they have of letting the Democrats implode in
the midterms will be lost if they put boots on
the ground because it will not be a quick, decisive victory.
I do not believe.
Speaker 2 (01:39:53):
Last question talking to Jim Kennedy. Kennedy ins to Public
Policy Research, we got more tariffs. I'm pretty sure about
that because fifty percent to tariff's you know, Canada because
you know, my son plays hockey and oh yeah, that's right,
Canadian goods, including hockey crap. But another sixty, you know,
(01:40:14):
sixty countries with tariffs at a time when gas price
is arising, people are still you know, inflation hasn't gone anywhere.
At what point is there nobody inside that White House
that goes, hey, maybe now isn't the time.
Speaker 20 (01:40:32):
Well, I think he was trying to rationalize the tariffs
on a number of the countries or are countries that
have slave traders something obviously Canada doesn't. Kennedy's he's terri
I mean, if I'm not mistaken. He's tariffing Canada because
he wants a better trade deal out of them. And
he's mad at Carney for the wildfires that are polluting
the north or that are that are putting smoke into
the Northeast. Yeah, if I'm not mistaken, I mean he's
(01:40:52):
basically he's just mad. So he's gonna go ahead and
put tariffs on Canada. I mean, hey, look, you can
you can use New hampshirerup. We don't need Canadian maple syrup.
Sorry about your hockey sticks, you can buy it. Are
there any American hockey sticks manufacturers?
Speaker 9 (01:41:07):
No?
Speaker 2 (01:41:07):
Man, No, the kids. The kids want what they want,
and they want the Canadian stuff, you know.
Speaker 20 (01:41:13):
And then and there's well we're joking about the hockey sticks.
There are lots of Canada is one of our largest
trading partners. There are lots. There are billions. If they're
not really.
Speaker 2 (01:41:21):
One of they are are, if I'm correct, Mexican one
or two.
Speaker 20 (01:41:26):
Yeah, exactly, I think there are one or two. So yeah,
so you're talking hundreds of billions, if not a trillion
dollars worth of goods that come into the nation that
we would have, Yes, that would be looking at tariffs
on Hopefully Carnie will blink and he'll agree to the
to the to what Trump wants for a new trade agreement,
which I think would be the second or third trade
agreement that we've had with Canon and know why we
(01:41:47):
can't seem to keep trade agreements. But that's you know,
welcome to the role of Trump where everything is constantly
changing in that world. So yeah, I mean, he needs
to get this cleaned up. Affordability is still looked at
by both people, the Americans sitting down to basically figure out, Okay,
what events we have with our kids this weekend. Do
we have swimming? Do we have soccer? Do we have baseball?
(01:42:09):
When they do that, they're not worried about the warrant,
They're not worried about the conflict and a rod. They're
worried about prices. They're worried about, Oh, no, I got
to fill up the gas tank. That's going to be
seventy five dollars when I used to pay forty dollars
for it. That's a problem because that's thirty dollars. I
don't have to buy groceries or pay off the credit
card this month or something like that. And that's where
the problem is. Everyone continues to say affordability is a
(01:42:31):
key driver in this election. I think a lot of
Washington and a lot of the politicos have gotten into
a bubble where they're kind of ignoring what the American
public does. Maybe they need to be more like your
senator down there, Marsha, who continuously talks to the people
all the time.
Speaker 2 (01:42:46):
She ain't talked to nobody in Tennessee for a long time.
Speaker 20 (01:42:50):
Well, somebody needs to talk to the people in Tennessee
and all the other forty nine states because people are
telling them costs are up, and neither part of your
guards how you want to look at it, Not the Republicans, certainly,
not the Democrats. Democrats just say we want to give
you free stuff, but we're not going to tell you
how to pay for it, and we're going to have
to really tax you to actually do it. And the Republicans.
I really don't know what the Republicans message is right
(01:43:12):
now other than we're getting rid of the illegals and
you know, we'll give you tax cuts at some point
going down the road. Neither party to me has a
message that is resonating, which is why when you talk
about that congressional plus eleven type of number, that's great,
but when you start getting out of the policies and
the individual people, that kind of fades away, and each
race is going to come down to four and thirty
(01:43:33):
five individual races, and I think it's thirty three individual
Senate races, and it's really going to come down to
the candidates and their quality as far as the midterms.
But yeah, it comes down to affordability everybody. Until somebody
gets that, no one's going to really be able to
I think, you know, it's really going to get anybody
coalescing behind them and getting the American people coalescing behind them,
(01:43:57):
and it's going to be a problem for both parties.
Speaker 2 (01:43:59):
It is Jim Kennedy Kennedy Institute of Public Policy Research.
You're gonna come back on Monday. We talk a little
midterm Monday. Brother, We will do it. Then you have
a good weekend.
Speaker 20 (01:44:06):
Thanks chat.
Speaker 2 (01:44:07):
You want to reach out to Gym check out his substack,
go to Wrightygim dot com, and of course check out
Midterm Mondays dot com as well. We're gonna wrap it
up straight ahead little finally Friday sounds, but first relief
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this Friday, Chad beds a.
Speaker 30 (01:45:24):
Show deep stinks no deep doo doo. Yeah, the Chad.
Speaker 2 (01:45:38):
Fans and show as we do every Friday, We'll take
a listen back to the chaos, the craziness and the
lunacy that was. Oh man, I'm excited because finally it's Friday, Williams.
Speaker 9 (01:45:56):
They both played well. I would say Spain played better.
They both played well. I mean they got to the
finals and it was very exciting. Actually it looked like
they dominated, but it was a very close facts.
Speaker 8 (01:46:08):
I've got one hundred dollars walking in my hole, I
know how I see.
Speaker 10 (01:46:13):
Anybody's burning a hold through my boggeting and do my skin.
I'm on morning, I'll be brown. It's fine, free, I'm done,
my motor running again.
Speaker 31 (01:46:29):
It's fine.
Speaker 11 (01:46:30):
Dead fire, and the kind of physical abnormality kind of
looks a little bit like a cryptid.
Speaker 2 (01:46:41):
But very cute.
Speaker 12 (01:46:41):
Literally, none of it's true. It's it's it's a quaint
little myth.
Speaker 20 (01:46:44):
And we just kept saying, hang on, hang on, and
don't let me go, don't let me go.
Speaker 13 (01:46:50):
We're just glad to be alive.
Speaker 10 (01:46:52):
If it's fine, dead time, free, I've done my motor
running again.
Speaker 31 (01:46:59):
It's fine.
Speaker 7 (01:47:01):
I don't.
Speaker 15 (01:47:07):
Affordability is number one because if you don't have housing,
you know, and you feel like the price of food
and the price of gas is stopping you from having
a better standard of living.
Speaker 14 (01:47:16):
If we're borrowing now, ninety three thousand dollars every second
over the last twelve months.
Speaker 10 (01:47:23):
Were hurting in my head and ty Y wad.
Speaker 2 (01:47:28):
Never so Weindy have a thirty hours slowly counity.
Speaker 36 (01:47:35):
Owner day.
Speaker 10 (01:47:38):
I'm freaking.
Speaker 31 (01:47:41):
Room.
Speaker 2 (01:47:43):
It's time control. We controlled these straight.
Speaker 9 (01:47:54):
You don't control anything, so we'll see what happens. But
we hit it very hard again tonight.
Speaker 17 (01:47:58):
Benjamin Etana, who is a war the architect of a
horrific genocide against the Palacy, is responsible for the killing
of more than seventy three thousand side.
Speaker 18 (01:48:10):
We used to say, we're not in the colt. The
outside world is the cult, and we're not the crazies.
The outside world are the crazies.
Speaker 8 (01:48:17):
Chad Benson has an explository diarrhea of a mouth yout
fake mouth, pig, punk ass bitch.
Speaker 2 (01:48:24):
That was awfully kind of him. Like I said, feel
free to say what you want to say. Just keep
the cursing to a minimum, even if it's full of anger.
I'm okay with that because it's good to have a
conversation with sane people. As some of you laugh at that.
Three two, three, five, three eight, twenty four, twenty three
at Chad Benson Show. That is your ex your Insta,
(01:48:45):
your YouTube and everything else. And we do love hearing
from all of you, all kidding aside, and I try
to get back to everybody because that's what we do
right here on the Chad Benson Show.
Speaker 20 (01:48:55):
Man.
Speaker 2 (01:48:55):
It has been a week. World Cup feels like it
was forever ago and it was just what five days ago? Yee.
Obviously the big thing this week though, is the escalation
in the Middle East and watching it over the weekend,
what is going to happen, not just with gas prices,
but there is a sense now that this thing could
get much, much, much worse and will we see boots
(01:49:17):
on the ground. So this is the first time where
all kidding aside from the kerfuffle because you don't want
to call it a war, where it feels like it
might start to become a war. Who knows, God willing
it doesn't. And this weekend is quiet, hopefully it is
do you guys have a blessed and amazing rest of
your Friday. We'll be back here on Monday. As always,
night Jack.
Speaker 1 (01:49:39):
This is the Chad Benson Show.