Episode Transcript
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Speaker 1 (00:12):
Warning the Root, the Root, the Roots on fire.
Speaker 2 (00:16):
You're about to experience the most high chine pedal to
the metal controversial show of your life. Please buckle up
and hold on tightly. This station is not responsible for injuries.
This is Wayne Alan Root direct from the entertainment capital
of the world, Las Vegas. What time is it?
Speaker 1 (00:32):
It's time war war.
Speaker 2 (00:36):
Here's your host, one hundred percent raw Truth, one hundred
percent American made the Warrior, Wayne Alan Roots.
Speaker 1 (00:57):
N Gentlemen, here we go.
Speaker 3 (00:58):
Welcome, Welcome, Welcome to the war Zone, Day twenty eight
of August to twenty twenty five.
Speaker 1 (01:04):
My name is Lee Elsie, filling in for.
Speaker 3 (01:06):
The one and only Wayne Allen Root, who has the
next couple of days off.
Speaker 1 (01:09):
He'll be back again on Wednesday of next week. So
you got me.
Speaker 3 (01:12):
If you want to reach out to me, you can
Leelsiradio at gmail dot com. Where can you watch us?
Where can you see us? Well just about everywhere. It's
a growing audience for sure.
Speaker 1 (01:21):
Of course.
Speaker 3 (01:21):
All the great radio stations across the country that have
us on. That's always cool. The Gateway pundit dot com
has us on. Undamed Nation does a fabulous job. They've
got us on right now as well Root for America
if you want a one stop shop for.
Speaker 1 (01:35):
All of that.
Speaker 3 (01:35):
So you know, as we are on the eve of
Labor Day, the end of summer. Uh, I do them again.
Speaker 1 (01:42):
I do a morning show.
Speaker 3 (01:43):
If you're just tuning in for the first time and
you don't know anything about me, I understand that. I
guess I'm the official fill in host. I think I've
been filling in for Wayne for the last six or
seven years. Every time Wayne's been off, I've been sitting
in this seat. So I do a show from Connecticut
every single day. I do fill in for a couple
other national hosts, which is always a lot of fun.
(02:04):
Wayne Wayne's show is always the most fun, as I
think we're reaching just so many great people across the country.
But it's interesting today I had a just out of nowhere.
I decided to throw out a topic and it exploded.
And the topic was, you know, something that had to
do with what Donald Trump has done here recently, which
was the burning or the outlawing if you were, or
(02:26):
the executive order outlawing the burning of the American flag.
Now I stand before you, I'm not a politician. I'm
a defender of the sacred flame that lights are republic.
Speaker 1 (02:43):
I am a defender of free speech.
Speaker 3 (02:48):
So in a world where governments around the globe the
scent with an iron fist, where voices are crushed under
the weight of authoritarian control, America, America, I just got
finished sending an email to somebody. America has always held
something incredibly unique, something invincible, the First Amendment. It's not
(03:20):
just words on a parchment. It's the bedrock of democracy.
It's the bedrock of our republic. The most important element
of our society above all else, is the right of
free speech. It's the guardian of truth, the enabler of progress,
and the ultimate check on tyranny. Without free speech, we,
(03:43):
ladies and gentlemen, we.
Speaker 1 (03:45):
Lose it all. We lose everything.
Speaker 3 (03:49):
Our ability to challenge, power, to expose corruption, to unite
over a common cause, and yes, to express our deepest disagreements.
Speaker 1 (04:00):
It's what holds us together.
Speaker 3 (04:03):
Free speech is the oxygen of liberty. If you stifle it,
the entire body politics suffocates. And again, just a couple
of days ago, on August twenty fifth, President Trump signed
an executive order directing the Department of Justice to vigorously
prosecute those who desecrate the American flag, specifically by burning it,
(04:28):
under the guise of preventing incitement.
Speaker 1 (04:33):
Or other crimes.
Speaker 3 (04:34):
Again, let me make sure you understand. I hate the
idea of burning the flag. I think it's reprehensible. I
think it's disgusting. The thought of it makes me want
to throw up. The idea that somebody might kneel during
the national anthem, the same thing makes you.
Speaker 1 (04:53):
Want to throw up.
Speaker 3 (04:56):
But this order instructs Pam Bondy to pursue cases is
where flag burning allegedly violates laws against violence, property damage,
disorderly conduct. It's again, it's a slippery slope. It's a
slippery slope. And Trump himself in the Oval Office said
that if you if you burn the flag, you're going
to get a year in jail, no early exits, nothing.
(05:18):
So again, please, if you're just tuning in, I disdain
the idea of burning the flag. It's profoundly disrespectful. It's
a spit in the face of every single patriot who
has bled for this nation. Their blood is on that flag.
(05:38):
I mean, you think about the heroes that eu Jima,
who raised that flag, those Marines, and that's just a.
Speaker 1 (05:43):
Historic, amazing moment in our history. D day, same idea.
Speaker 3 (05:49):
The flag's waving, the brave souls that they but they
you know, they didn't die for a piece of cloth,
although that piece of cloth means something.
Speaker 1 (05:57):
They died for the ideals. It represents liberty.
Speaker 3 (06:00):
Justice and the right to self determination. And when someone
sets a flag ablaze, they mock those who sacrifice it,
and we all should be furious. We should be furious
about it. We should feel betrayed, disrespected. It's a desecration
of those who have fallen. I find a gut wrenching
(06:20):
offensive to the core. It's an ingratitude and it should
boil America's blood.
Speaker 1 (06:26):
It boils mine. But I would rather see.
Speaker 3 (06:31):
A thousand flags waving proudly than one in flames curely.
I think we're all there, Yet the uncomfortable truth is
free speech demands that we tolerate the ones that we
despise the most. I've come on the show again for
(06:54):
six seven years more than that, I think now, and
it's been the thing that I've talked about more than
anything else. I would rather live in a country where
people have unbridled abilities to burn flags and as their right,
rather than have a government decide what is too provocative
(07:14):
for somebody to say or what they can't do, because
I think the alternative is again a very slippery slope,
and this executive order is a dangerous executive order, I'm
sorry to say. And I know Trump listens to this show.
I know he does, and I know you're doing it.
I know you're doing it out of patriotism, and I
know it because I feel the same way.
Speaker 1 (07:36):
I feel furious when you see somebody do that.
Speaker 3 (07:38):
In particular, I feel furious when someone from another country
does it.
Speaker 1 (07:45):
And that's a little bit different from me.
Speaker 3 (07:46):
That's a subtlety within the law that I'd be willing
to swallow hard on because I think those who are
here illegally don't and should it. They do, but they
shouldn't possess the same rights that we do. They don't
possess all the same rights. But I think you get
my point. But you look at the bedrock of what
(08:11):
we are in that free speech. Even Justice Scaisicallya joined
the majority, later saying, if it were if you were king,
he would not allow people to go around burning the
American flag. However, we're in America, and we have a
First Amendment, so it's important that we protect that right
of freedom. And that Tuesday executive order prosecution of the
(08:37):
American flag that has burnt it represents a bold step.
Speaker 1 (08:40):
I mean it is.
Speaker 3 (08:41):
It's a symbol. It's a symbol for us that hasn't
endured for two hundred and fifty years. It's the embodiment
of American freedom. It's the identity, it's the strength that
we all have right and again I'm not saying.
Speaker 1 (08:52):
This is an easy one. This is not an easy one.
Speaker 3 (08:55):
It's amazing to me because, like I said on the
outset of this and the discussions that we had.
Speaker 1 (09:00):
Today, I would say, of the.
Speaker 3 (09:04):
If I got one hundred emails on this topic within
the first couple hours after the show, I would say,
ninety five of them were you shouldn't be able to
burn the flag. And it's not I don't think you should.
It's not that I don't I want you to burn
the flag, of course, not. As I said already, this
(09:25):
is it's a terrible disrespect of America.
Speaker 1 (09:31):
But if you start down that road, what's next. We
all love the police.
Speaker 3 (09:39):
You're not going to allow somebody to burn a police
flag or a firefighter's flag, or what about an army
flag or a marine flag or a navy flag, or
a hat or a shirt that says Navy on it.
Speaker 1 (09:51):
Where does it stop.
Speaker 3 (09:53):
I know it's a symbol of freedom, and I know
it's vitally important. And I know Trump and Bondy in
this case, have you know, sort of spelled out specifics
in this and our targeting illegals? I get that, But
I'm looking at the broad.
Speaker 1 (10:11):
Picture of this.
Speaker 3 (10:12):
I'm looking at what it does to us as a nation,
freedom wise, free speech wise.
Speaker 1 (10:20):
I don't think you want to go down this road. Now.
Speaker 3 (10:24):
Our founding fathers would not have been happy with this.
I don't think there's any question about this. The architects
of American liberty, I mean, they didn't directly look into
this because there were really no reasons to do that,
as we really didn't adopt the modern flag until seventeen
seventy seven. It wasn't even fully developed as a national
(10:45):
symbol until the Revolutionary War era.
Speaker 1 (10:48):
But the point would they have been disgusted?
Speaker 3 (10:50):
Of course they would have been disgusted, But I think
in this case, our fearless leader I don't like Maybe
if you're not an America con citizen, you can't burn
the flag.
Speaker 1 (11:02):
I probably could live.
Speaker 3 (11:02):
With that, but I think when you start heading down
the road that is well as we'll say slippery, to
say the least, you're opening up an ugly can of worms.
And I know you're doing it, mister President, out of
pure patriotism.
Speaker 1 (11:21):
All right.
Speaker 3 (11:21):
My name is Lee Elsie, Voice of Freedom. You can
email me Lee els Radio at gmail dot com. Would
love to hear from you at the Gateway Pundit, where
you can find us, Untamed Nation, where you can find
us Root for America, where you can find us all
the great radio stations.
Speaker 1 (11:32):
We'll be right back. Don't go anywhere. A lot to
get to you tonight.
Speaker 4 (11:35):
Stick around everybody, all right, A special treat for you.
Speaker 5 (11:51):
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(12:13):
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Speaker 6 (12:22):
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(12:42):
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You would probably know me better as the chairman of
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Speaker 5 (12:55):
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Speaker 6 (13:23):
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(13:45):
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Speaker 7 (14:08):
All right.
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(14:29):
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Speaker 1 (14:40):
Thanks Mark for being with us today.
Speaker 6 (14:43):
Thank you Wayne, good to see you again.
Speaker 3 (15:01):
Welcome back to everyone. Warzone is the name of the show.
Wayne allen Rude is. He's off tonight. He's off until
Wednesday of next week. He's getting I think he's getting
some sun. So next time he comes back to love
that blistering suntan looking like a hollywoodin I guess. Anyway,
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That's energized health dot com today. Check it out. All right,
I talk a lot about crime. I'm going to talk
about crime again maybe in a little while. Trump's approval
ratings up five points in the past month.
Speaker 1 (16:24):
That's a pretty good deal.
Speaker 3 (16:27):
So Trump is is making some positive inroads with some
folks who maybe weren't all that big fans of him
maybe a month ago, two months ago, three months ago.
Gases down, prices seemingly aren't down.
Speaker 1 (16:39):
It seems like, you know, here's the thing about Trump.
It's like every day there's something else.
Speaker 3 (16:44):
Every day there is something else that this guy in
this administration is doing. It's it's really remarkable things that
you don't even think about. I'm not sure if I
talked about this, I mean think About a week ago,
they were talking about painting the wall black so that
it would make it hotter for the migrants who are
trying to cross illegally, making it more uncomfortable.
Speaker 1 (17:07):
Who thinks of that? Brilliant? But there's always.
Speaker 3 (17:10):
Something going on behind the wheels, and they're always trying
to figure out a way, I think, to make America better.
Speaker 8 (17:16):
Now.
Speaker 1 (17:16):
A lot of folks don't agree with that.
Speaker 3 (17:18):
A lot of folks can't stand the Orange Man, a
lot of folks can't stand as policies. A lot of
folks can't deal with some of that stuff. But you know,
I want to play you. I want you to hear.
Let me make sure I have it right in front
of me. I want you to hear what the stupidity
sounds like. If you don't mind, I hope you guys
can hear this.
Speaker 5 (17:35):
This is not Germany, that's the ass and they got
stopp Oh, this is the United States of America.
Speaker 1 (17:43):
Unmask yourself.
Speaker 3 (17:45):
That's a Congressman Larson here in Connecticut. And so in
Connecticut there's been some ice raids and agents going after
some people, and they got the masks on so they
can protect their identity and our every single person in
the state of Connecticut's a Liberal, and every single person
in the state of Connecticut's a Democrat. And talk about
the politicians. It's been that way since I think two
(18:06):
thousand and six. Every congress person, every Senator has since
two thousand and six has been a dem And larsen
Is he's been around since there's been dirt. But you know,
he's fired up because the ICE agents don't want to
take their masks off because they don't want people coming
to their homes and violently attacking them.
Speaker 1 (18:27):
It's a this is different.
Speaker 3 (18:28):
They have to keep the innanimity as best they can
because there's violent people that.
Speaker 1 (18:33):
They're going after.
Speaker 3 (18:34):
So I just wanted to play that because I just
wasn't sure if you knew exactly what stupidity sounds like.
Here's something interesting that I wanted to share with you.
Rape crimes. And that's not a very fun subject, but
rape crimes over in Europe. So in the year two
thousand in England they reported to eight five hundred and
(18:56):
ninety three rapes, in Germany eight thousand and thirty three
rape in France seventy five hundred rapes.
Speaker 1 (19:02):
That was in year two thousand.
Speaker 3 (19:04):
Now you know about the mass migration of Muslims to
both to England, Germany and France, and in Poland. Poland
has stopped the Muslim invasion. They don't let Muslims in
in Poland. In two thousand, there were twenty three hundred
ninety nine rapes. Now, pay attention. Like I said, that
was the year two thousand.
Speaker 1 (19:23):
In twenty twenty.
Speaker 3 (19:24):
Three, there were sixty eight thousand rapes in England. That's
sixty thousand.
Speaker 1 (19:31):
More rapes in the same time time frame.
Speaker 3 (19:33):
In Germany there were thirty nine thousand rapes, that's thirty
one thousand more rapes. In France forty two thousand, four
hundred rapes in the year twenty twenty three, and Poland
rapes went down. I've warned you guys about this mass
migration and the refusal to assimilate, and the way two
cultures collide and.
Speaker 1 (19:54):
Can't and will never ever be able to coexist.
Speaker 3 (19:58):
I just wanted to share those there's few topics with
you to get your wheel spinning. What we are going
to do next is we are going to tackle economics. Yeah,
economics with my good pal Hans Desbane from the University
well UMass Amherst is a brilliant economist. He's a teacher,
(20:19):
a professor, professor, and all that great stuff. We've chatted
with him before in the past, so we're going to
do it again the next half hour. We'll talk about
the economics of Trump and America and the world with
my friend Han Desbane.
Speaker 1 (20:29):
Stick around for that, everybody, Hi, It's Wayne L. Root
for Vertical Research Advisory.
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Speaker 3 (22:04):
All right, everybody, welcome back Warzone. My name is Lee
Elsie filling in for Wayne Allen Root. Please email me
le elsieradio at gmail dot com. Love to hear what
you have.
Speaker 1 (22:13):
To say about some of the things that we talk about.
Speaker 3 (22:15):
You can watch what's going on at the gatewaypundit dot com,
one of the most heavily traffic conservative websites in the
entire country.
Speaker 1 (22:23):
Untamed Nation dot com has us up there as well.
Of course, you can.
Speaker 3 (22:26):
Always go to Root's website Rootfoamerica dot com and watch
and listen wherever you may be. We are just very
excited to have you along for the ride. One of
our good friends, one of my good pals, and a
great friend of my morning show here in Connecticut. I've
had him on many, many many times here in the
last couple of years. He is an expert in all
(22:46):
things economics. He's a professor. He is a lecturer. He
is a writer all that bauld into one. His name
is Hans Desbain and he joins us right now. Hans,
how are you tonight? I appreciate you carving out some
time wars.
Speaker 8 (23:02):
Hey Ley, how are you nice? See?
Speaker 1 (23:05):
I'm doing good, buddy.
Speaker 3 (23:06):
Listen, I gotta throw a curveball at you right away
and maybe we'll get ourselves in trouble.
Speaker 1 (23:10):
Last time it last time you were on the show to.
Speaker 3 (23:13):
Talk about economics with me, we wound up talking about
faith for about forty minutes. So I wanted to ask
you though I opened the show, I don't know if
you were I don't know if you were watching when
we opened the show today, but I took a position
on the burning of the flag, flag burning, and I
wanted to get your opinion on that because overwhelmingly the
(23:34):
listeners feel one way, and I was just curious how
you felt.
Speaker 10 (23:39):
I was unable to tune in, but I was listening
to your morning show when your brother was on, so no,
I got a preview that that's what you're going to
lead in tonight with look I would say, I agree
with your brother, and I'm sure that there's lots of
listeners' viewers out there that have not you know, don't
(24:01):
know what your brother's view was, but you know, it's
the First Amendment, right, and.
Speaker 8 (24:07):
You know, I think that should be protected.
Speaker 10 (24:10):
And at the same time, I think what ends up happening,
which was not said at least on this morning show.
You can fill me in on what was said tonight.
But you know, you burn a flag, and you know
that's like putting a swastika on your you know shirt, It's.
Speaker 1 (24:31):
Not going to go well.
Speaker 10 (24:32):
So I don't know that you need a whole lot
of laws to outlawed. You know, it's unless there's, you know,
a really good case for being in opposition to something
that's going on domestically.
Speaker 8 (24:50):
Burning of the flag is always going.
Speaker 10 (24:52):
To be a condemnation of the person that does that action.
Speaker 3 (24:57):
I actually, surprise, surprise, Hans, I agree with that. I mean,
I'm torn by it because I think I think it's
a hard well, I think it's a horrible thing to do.
Speaker 1 (25:07):
I think it you'd like to.
Speaker 3 (25:08):
But I think what you had said is really well
articulated and that it actually you know, it puts a
bulls eye and I don't necessarily mean a bulls eye
in the bull's eye sense. But it puts a bulls
eye in somebody's back saying you're not one of me.
I don't I don't want to do business with you.
I don't want to be your friend. I don't want
to know you. If you're burning something that I treasure
and I and I feel like is part of my
life is very patriotic.
Speaker 8 (25:30):
So i'm i'm.
Speaker 10 (25:32):
I'm often opposed to a lot of economic policy that
goes on right, whatever whatever that may be.
Speaker 8 (25:39):
So you know.
Speaker 10 (25:41):
This will be a little bit of a seguey we
can stay on the topic though, But you know, I've
been somebody that has believed since the nineteen nineties when
I was in graduate school, that we need targeted tariffs,
and so when Trump came in and implemented that, you know,
I supported it. But going back to the nineteen nineties,
(26:02):
I you know, to be critical of US foreign economic
policy is a perfectly fine position to take. But if
I go and I burn a flag to bring attention
to it, I.
Speaker 8 (26:17):
Think I lose the argument. So you know, I think
that it should be protected.
Speaker 10 (26:23):
But having laws, as you and your brother talked about
this morning, is your brother articulated right as authoritarian and.
Speaker 8 (26:33):
I don't think you need it. I don't think you
need to take that step.
Speaker 1 (26:38):
And it's funny, I think no.
Speaker 3 (26:40):
And again I agree with that, And it hurts me
to agree with that, because anybody can get up, I think,
and yell and scream in this case, and say it's
not patriotic and pound your fist on the table and
take that stance and have that position.
Speaker 1 (26:57):
And I get it right.
Speaker 3 (26:58):
And I actually think that's probably what the president is doing.
Speaker 1 (27:01):
I don't think he's doing this out of any malice
or anger.
Speaker 3 (27:03):
I think, well, anger, yes, but I don't think he's
I think he's doing it because he thinks it's not patriotic.
And I think he's trying to be patriotic in this case.
I don't think he's trying to be anything else. But
what we have hans that everybody else around the world
doesn't have, is we have this ability to speak our
mind at all times, right as long as you're not
inciting a riot, et cetera.
Speaker 1 (27:22):
And that makes us different than anywhere else, and I
think we have to hold on to that.
Speaker 10 (27:27):
Well, look, I'll say of Trump, you know, he has
a very good pulse of where the country is at.
You know, he he is quite masterful at it, and
I think he knows that on this issue, eighty percent
of the country I think is going to be on
(27:47):
the side that you shouldn't burn a flag. You know,
it's for the same reason as I say, you lose
the argument as soon as you do it, probably ninety
five percent of the time. So I think that's what
Trump's up to with it. And now whether or not
anybody would go to prison, you know, there's all kinds
(28:08):
of doubts that that's actually what would happen.
Speaker 3 (28:14):
All right, fair enough, I just wanted to get your
opinion on that. And I'm not necessarily trying to start
a fight with anybody out there, because I think everything
that is coming at me, at least through social media
and emails, it's born out of against true I think
these people are true patriots. I just think, you know,
their protection of the flag in this case. You know,
as I said, what if I burned a shirt with
(28:35):
a flag on it, or a hat that was a
Navy hat or a hat that was a Marine hat.
And where are we stopping this? At what point in
time do we stop it? Is it just the flag?
Is it just the American flag? What about the police flag,
what about a firefighter flag? What about an honor and
remember flag for our veterans who have fallen? Like, where
are we drawing that line?
Speaker 7 (28:56):
Well, that's exactly right, and that's you know, it just
reveals something very unique about human beings that we have,
you know, symbolic capacities.
Speaker 10 (29:08):
That, as far as we know, animals don't have at all,
we can react to. You know that a flag is
just a fabric, you know, but it means something.
Speaker 8 (29:20):
You know that that meaning.
Speaker 10 (29:23):
Is important, you know. Yeah, so I agree that's an
important thing to taking.
Speaker 3 (29:29):
All right, Well, I know we're a little bit into
this and we can shift gears and see what we
can get through. I hope you can stick around with
us as long as you possibly can. Hans despan is
our guest economics lecturer again. UMass Amherst is where he
is currently at and they're lucky.
Speaker 1 (29:45):
To have him. So I know, I threw this at
you real quick.
Speaker 3 (29:49):
The US economy expanded by three point three percent in
the second quarter, a growth that I best. I guess
it's even stronger than they originally thought. What's your thoughts
on this?
Speaker 10 (30:02):
It's remarkable, you know, Uh, Anybody that listens to your
morning show knows that although I've thought we needed targeted tariffs,
I've been critical of sort of these universal tariffs that
Trump composed in April.
Speaker 8 (30:18):
And by the way, the.
Speaker 10 (30:19):
Tariffs really haven't gone into effect until about the last
few weeks. I'm a little suspicious on what the the
Trump universal tariffs will mean for the for the US
economy and the global economy. This uh GDP data is
(30:44):
absolutely remarkable. The they i it would not have captured
any any of the tariffs going into effect, but there is
sentiment and so people will act on anticipation of the tariffs.
In the doesn't seem to have effect affected the economy
in a negative way.
Speaker 8 (31:05):
The caveat here Lee.
Speaker 10 (31:06):
Is very important if you scrutinize the data. If you
remember your macro one oh one or whatever it was
numbered when you took it.
Speaker 8 (31:17):
In college.
Speaker 10 (31:19):
Consumption, spending, investment spending, government spending, and then imports and
exports the international sector. The primary reason that we saw
the GDP numbers go up is because of imports going down.
They're negative in that equation, so imports went down even
(31:40):
though the tariffs haven't been in full effect in that
second quarter, and so there hasn't been any sort of
remarkably good news domestically except for their imports going down.
Speaker 8 (31:52):
And I will say to.
Speaker 10 (31:55):
Let me be a little bit more accurate than that,
consumption spending went up. So this is a little bit
strange because consumer sentiment is very very low right now,
so they're kind of moving in opposite directions there. So
that's good news for the Trump economy. The consumption spending
actually went up. In investment spending went down significantly, maybe
(32:19):
let me rephrase it.
Speaker 8 (32:20):
It went down.
Speaker 10 (32:24):
In a way that is concerning, and government spending is flat,
So I hope that makes a little bit of sense.
Consumption is spending up, import spending down a lot, which
is a negative, so it raises it. Investment spending went down.
Speaker 1 (32:41):
Hans Desbaning is with us. Music is playing, Hans.
Speaker 3 (32:43):
You can stick around, I hope for another segment at least. Sure,
all right, great, Hans Destbaaning is with us. He has
nothing to sell, he has no website for you to
go to. He's just Han because he loves America, loves economy,
talking about all this stuff, and.
Speaker 1 (33:02):
We love having them, so we appreciate that.
Speaker 3 (33:04):
By the way, watch on the Gateway, Pundit, untamed Nation
dot com, Root for America dot Com, as well all
of the great radio stations from one coast to another.
Speaker 1 (33:13):
We are on it, and I am on it, and
you're on it. Don't leave.
Speaker 3 (33:16):
We'll come right back more with Hans Desbane when we return.
Speaker 1 (33:19):
Stick around.
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Speaker 3 (36:39):
All right, here we go warzone in effect one coast
to another. Are good pal Hans Desbain, economics s lecturer
over at you, mass Amhurst is with us.
Speaker 1 (36:48):
And before we get to the naty gritty.
Speaker 3 (36:50):
Of the finances of some of this stuff, I want
to get your opinion.
Speaker 1 (36:53):
Should Travis Kelsey demand a pre nup?
Speaker 3 (36:55):
Hans, you think that's a good idea?
Speaker 5 (37:00):
No?
Speaker 8 (37:00):
Yes, holy moment.
Speaker 1 (37:03):
Yeah, So this is what Lee does to.
Speaker 10 (37:05):
Me on this morning show. He throws me these curve
balls and I'm a little more comfortable. But yes, he definitely,
definitely he should get a clean up that he gets
the money.
Speaker 8 (37:17):
If it doesn't work.
Speaker 3 (37:18):
Out, well, yeah, I think so. I think he's got
to try to get some of that cash.
Speaker 8 (37:23):
All right.
Speaker 3 (37:24):
You wanted to hit a few points, a few more
points with tariffs, my friend, before we run out of time.
Speaker 2 (37:30):
Sure.
Speaker 10 (37:30):
Yeah, well, look they are still in development.
Speaker 8 (37:37):
Uh.
Speaker 10 (37:38):
The main point that I have made about the tariffs
is that Trump administration, in my interpretation you can disagree
with this, has has been political. It's not entirely clear
to me with what they're up to it up to
with it except for they want to establish a new
institutional order on the globe economy, and I think we
(38:02):
have to be open minded about that. If the longer
they're in place, I'm worried that it will be a
negative impact. I think what the Trump administration needs to
keep in mind is whether or not the disadvantage in
the US that put Trump into office are being benefited
(38:22):
by the current action.
Speaker 3 (38:25):
Hans Deathbin is with us, right, Okay, but I didn't
mean to cut you off. If you were, I thought, no, No,
I didn't mean to cut you off. Did you have
anything else to add to the tariffs?
Speaker 1 (38:36):
Okay?
Speaker 3 (38:36):
Yeah, I ran before I ran across this. I just
wanted to get your opinion on this. It's not terrifs,
but it had the countries with the highest wealth per
person in twenty twenty five, and Switzerland leads an average
with a wealth of six hundred and eighty seven thousand
per person but ranks fourth and median wealth, where the
United States is second in average wealth six hundred and
(38:57):
twenty one k, but only fifteenth and median wealth of
one hundred and twenty four thousand.
Speaker 1 (39:02):
What does that tell you, Well.
Speaker 10 (39:07):
It tells you when you when you when you differentiate,
you know, average and median. What that difference is picking
up in the second in average and then drops the
sixteenth and median. For those of us that don't know
exactly what that means, median is you look at the
(39:28):
people right in the middle and half or above that amount,
half or below that amount. So it tells you there's
a there's a large degree of inequality in the United States,
and I think all administrations need to be very mindful.
As I talked on your show on a regular basis,
Biden's administration, Kamala Harris as a candidate, was spectacularly unmindful
(39:54):
of that. So they could not process why Americans thought
the economy sucked when and inflation was down on, unemployment
was very low, GDP was growing. It was because the
majority Americans weren't participating in that. So the Trump administration
needs to be very mindful of that or they're going
(40:15):
to pay very similar costs that the Biden administration rightfully paid.
Speaker 1 (40:19):
Okay, I got one more for you.
Speaker 3 (40:21):
Before the music starts playing, This is I thought this
is interesting because we've talked about this before in the past,
but US consumers with the highest credit scores hans are
beginning to fall behind in debt repayments. That according to
a credit scoring company, and one hundred and nine percent
I guess one hundred and nine percent increase of people
not paying their debt.
Speaker 1 (40:41):
These are the people with the best credit scores. What
does that say to you.
Speaker 8 (40:47):
Well, it says a lot.
Speaker 10 (40:49):
Let me say, I think Trump is making a mistake
and he's going to lose in the court when he
starts trying to fire people in the Fed, whether it
be Lisa Cook or or Jerome pal.
Speaker 8 (40:59):
I know that wasn't your your.
Speaker 10 (41:00):
Comment or question, but the truth of the matter is
those high interest rates hurt the regular typical Americans that
aren't millionaires or more, and so we're going to see
the distressed loan repayment spike going forward. So once you
(41:24):
know this is why Trump wants to see those interest
rates come down, I totally understand why the Federals resisting that.
But that's a really serious battle that they're having between
Treasury or the executive branch in the Federal Reserve. And
I'm an agnostic on who's right or wrong. I'll make
(41:44):
some comments, but both are in hot water right now.
Speaker 3 (41:48):
In my opinion, have you seen the credit that people
are running up the credit card you know dead. Has
that come down at all? I know that was a
huge problem under Biden. I don't know under Trumps has
it gone in the other direction at all?
Speaker 10 (42:00):
All time record high in all time record high in
credit card debt during the Biden administration. Interest rates went
from twelve percent in twenty nineteen under Trump up to
more than double twenty five percent was the average interest
rate when Biden left office.
Speaker 8 (42:20):
That was a disaster.
Speaker 10 (42:21):
That's what's put Americans in serious financial distress. Not the
only rooms, but the credit card debt with SIGF can increase.
Speaker 1 (42:29):
Right, Hans, you're the best.
Speaker 3 (42:31):
Unfortunately I gotta go amount of time, but let's do
it again soon. We'll get you back on the morning
show asap. But have a great holiday weekend.
Speaker 8 (42:38):
I appreciate you, man, very good.
Speaker 3 (42:41):
All right, all right, but I'm sorry you got it, man,
have a great one. I wish we had more time
with Hans, but we are out all right, everybody. Like
I said, you can watch us at the Gateway Pundit
Ontamnation dot com.
Speaker 1 (42:52):
Route for America.
Speaker 3 (42:53):
Email me Lelseradio at gmail dot com.
Speaker 1 (42:57):
We'll come right back top of the hour.
Speaker 3 (42:58):
Next, let's thick on everybody.
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