The Israeli Terrorists

28:00military actions? I mean, OK, he's not exactly doing that. But now we have the Mike Huckabee of all people. Yeah, I guess it sure is terrorism now, isn't it? I don't know. There's something something feels significant to me about him saying this, but I don't know. What are your thoughts? My takeaway was just that the what the settlers have been up to is so egregious. He's got no choice but to actually recognize it and admit it because like there's just there's no other way for him to put it. And I guess if there was an incident where American citizens were terrorized, I don't know the specific I saw a different clip.

28:38I don't know the specific incident that happened here. But as the American ambassador, you know, something can just happen that's so egregious. He got no choice but to recognize it. He does have a bit of a intellectual issue. If he's going to go, hey, it's only a few hundred that are terrorists. um well then it kind of makes it hard to excuse what just happened in gaza because you didn't really give the same courtesy to all the non-terrorists that live there uh but even so it is uh it is an interesting turning of the tides because usually it's what you what you were saying which is uh we're the most mortal army and any anything otherwise is just you being an anti-semite uh and usually they use like that extremely bold legal lawyer language to try and just create a case and censor anybody with a diverging opinion.

29:24So it is what happened just must have been so egregious that even Mike Huckabee has to call that terrorism. Yeah. And look, man, I mean, look, this this really does actually get down to the heart of the whole thing. Right. And this is, you know, separate from obviously the question of the U.S.-Israeli relationship and Israeli influence and all that stuff. But just in terms of like the Israel-Palestine conflict, this is the real problem the Jews had. I did have a good rant about this, I think, on Pierce Morgan to close the show today. But because Will Chamberlain, of course, who just serves as the perfect foil to debate with.

30:00But he said something about how he goes, look, this is a problem, but it's an internal matter. He goes, it's an internal matter under Israeli sovereignty. And so this is like the game that the Israelis essentially play, right? I mean, when you really think about this, right, Rob, if you think like if you know the history of it in 1940. And again, none of this is even debatable. This is just what the history of the conflict is. In 1947, the U.N. had their partition recommendation. The U.N. General Assembly recommend dividing the land of historically known as Palestine into a Jewish state and an Arab state.

30:40And the the it was like, if I get the numbers right, it was something like 56 percent of the land was going to be the Jewish state and 44 percent of it was going to be the Arab state. And the Arabs really objected to this because they were like the majority of the population and the majority of the property owners. And it had only been recently that this major influx of Jewish people had come. Like even just a couple decades earlier, Arabs were like 80, 90 percent of the population. So like if this was like, well, what the fuck? They're taking over our whole shit. So they had a problem with that.

31:10I'd say in hindsight, a lot of the Israelis argue they should have taken that deal. Or I'm sorry, a lot of the Israelis argue that they should have taken that deal. And in hindsight, like maybe they should have. But then again, who knows? But anyway, so a civil war kicks off. Then the next year in 48, May of 48, I believe, the other Arab countries invaded. The whole war gets fought. The Israeli militias dominate and win the war. They've got, you know, these guys had funding and arms and international financing behind them. They destroy all these puny little armies. Um, and then they take a lot more than the 56%, you know, they won the war and they go, yeah, we're taking like essentially what was 78 % of the whole thing, just leaving, uh, Gaza, which was occupied by the Egyptians for the next 20 years.

31:56And, uh, the West bank, which was occupied by the Jordanians for the next 20 years. So essentially the Jewish state got made in 78 % of the territory rather than the 56 % that they had accepted, by the way. The Jews had accepted that. So it was that. So then, you know, in 1967, Israel launches a preemptive war against Egypt. Jordan gets involved. They fight again. Israel wins on both sides of the war and they take Gaza and the West Bank and East Jerusalem. And now this has all, you know, been controlled by Israel. So like, just to be clear, Gaza, fast forward, Gaza's been destroyed. Gaza no longer exists.

32:40So whatever percentage of the 22 % Gaza was, that's gone. This is like, you're like talking about what Rob, like area a of the West Bank. Like, what are we even down to at this point? This isn't 22%. This isn't even like 15%. This isn't even like you're like down to like a little kind of stuff. And even there, the settlements are expanding every year and there's constant violence being launched against the Palestinian population. But when they do that, Right. When this terrorism that that Mike Huckabee is talking about, how is that treated, Rob? That's treated as a crime. You're an Israeli citizen and you committed a crime if you're ever punished for this, meaning like you would get arrested, you would go to trial, you would, you know, you know, like Will Chamberlain said, an internal dispute.

33:30And what do we do with internal criminal disputes in modern nation states? You get a lawyer with a suit and you face a judge in a robe and there's a jury of your peers and you get a process by which to go through. Um, however, Rob, okay. If say on October 7th, let's say some of the Palestinians commit a crime against the Israelis. Let's say, by the way, in the West bank, let's say they, they beat up an IDF soldier or push an IDF soldier or get in a fight with a settler. Oh, Rob, they don't have any of those rights. Now this is an international dispute. Now this is terrorism and essentially has now And I said this on the show today.

34:13I go, and this, you know, this is the essence of the genocide claim, right? This is why people say genocide, not just a war, not just an attack. It's not Ben Shapiro can say, well, the definition of genocide is destroying an entire group. But that's not the definition. It's like the intent to destroy in part or in whole a group. And to me, whether you like the word or not, the thing that starts to get what the Israelis are doing into like Mao, Stalin, Hitler territory is that essentially like these are your people like Will Chamberlain's right. you've had control of him since 1967 like you can't do this thing where like your guy even if mike huckabee is finally calling him a terrorist this the legal status quo if that's true is that the israeli terrorist gets treated like a criminal and the arab criminal gets treated like a terrorist every single time and that's just it's just indefensible like in the same way that you might some people might and and we could question this as much as you want to but like some people might think that if germany attacked america that we have the right to like level germany to the ground now i don't i'm not saying i would agree with that or you would agree with that but many people would feel that way but no one thinks that like if the bloods break out of the south side of chicago and go on a murder spree in a nice neighborhood in chicago and kill a bunch of them that the local police department can just like level the South side indiscriminately caring about like what innocent black people that are in there who never attacked anyone in Mike Huckabee's own words.

36:02It's just a few hundred of them. You know, like it's not that many people who do that. Well, how many people committed October 7th? How many people committed October 7th? Well, just a few hundred of them, man. Okay. But that didn't stop you from destroying the whole place. So anyway, with the example of Chicago, we recognize that as being totally different. And like, that's important. And in Israel, I don't see how you can avoid that distinction. All right, guys, let's take a moment and thank our sponsor for today's show, which is Hexclad. I don't know about you guys, but one of my favorite parts of the summer is grilling.

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37:48So for a limited time, our listeners can get 10 % off your order with our exclusive link. Just head over to hexclad.com slash problem. Once again, that's hexclad.com slash problem for 10 % off. All right, let's get back into the show. yeah there was all there was also a wild incident last week where uh some settlers were caught on film like beating up uh you know an american media person i think it was at cbs or nbc something like that yeah and the rocahanna thing um just a few weeks before that you know there's and there's there's stories like this all the time and like you know pierce morgan this is one of the great services that that show does i mean i should say like dude sometimes it's these ones that i didn't really enjoy like today, but so I've had some of my favorite, you know, like moments on that show.

38:33And then he's had some great ones. The one where he interviewed the, that famous settler lady from the West Bank, just hear her talk about what it is to be a human or who actually has rights or what, you know, it's, it's like, there is, um, what you get, and this has been true, um, from the beginning of Israeli society. Uh, but it's, it's still very true today in the West Bank. Um, And I think it used to be more true in like the villages in the south that were close, that bordered Gaza and and maybe like in East Jerusalem and areas like that. But now it's really it's the settlements in the West Bank, because there are no more settlements in Gaza that.

39:13You get you get the most fanatic, the most fanatical members of of Israeli society move there. All the people who move there, move there believing what Mike Huckabee believes, you know, that God has granted all of this land. And I'm sorry, dude, but like, Rob, we heard that come out of your mouth, that you believe that God like has a covenant with this human government that exists in Israel and that it's their right to take all of this land. Now, what would be included in that land, Rob, is obviously what you call Judea and Samaria. And so like when you if you're going to tell people that this is your land given to you by God and then you move there and there's other people who weren't given it by God inhabiting the place.

40:00This is a very awkward situation for then Mike Huckabee to turn around and go, whoa, whoa, why are you acting like that? Why are you acting like God chose you over these people and you could do whatever you want to them and never have to face any punishment? You know, I don't know. It seems like for a Baptist preacher like Mike Huckabee, I would think like wouldn't haven't you isn't there some ultimate like spiritual incentive that you are somewhat guilty of taking away from these people by essentially telling them that God's on your side in this fight. it if god wants you to take this land and move people off of that land it's that's that's a very different message than say telling you that you're going to have to answer to god for anything you ever do to one of these innocent palestinians would seem to me what the baptist preacher might think about saying but who am i to lecture him on that anyway any other thoughts rob or you want to move on to trump let's move on trump's dude look we when donald trump wasn't so bad on everything Maybe we we tried our best to look past how retarded he is on economics.

41:04But did you? Well, I so I sent this video, Rob, and then you sent a truth social post that Donald Trump posted and they kind of nicely complement each other. Maybe we could go through both of these. Let's do let's do the clip first. But here is Donald Trump. I think he's talking about trade deficits or tariffs or something. But let's play the clip and assess how bad this actually is. Explain. We could do tremendous good for ourselves by just not trading with countries. We lose with the European Union$200 billion a year. If I didn't trade with them, we'd lose nothing. Just one swipe of the pen.

41:49We lose with Mexico$195 billion a year. but don't trade with mexico they have nothing that we have to have i mean hot tamales tomatoes a couple of things but basically they have nothing that we need we have oil we have everything i don't want to do that because we get along very well with the president we like the president respect her a lot let's just pause it already for a second we didn't want to trade with mexico this just isn't fair i don't know it's not fair i have a sinus infection. I don't feel like this is just, Rob, I mean, to just think about this for a second, how scary is it that it's just like, dude, he doesn't know anything.

42:38I mean, what is this worldview that he just espoused? If we just didn't trade with the rest of the world, we'd be way better off. Okay. Well, first of all, sir, you're going to have to call off this blockade of the Strait of Hormuz because you are helping the Iranians very much by not letting them trade with the rest of the world. I mean, why would you ever, we should put a naval blockade on ourselves. We could make ourselves so much richer by just not trading with the rest of the world. And why is this robbed? Because we lose, we lose. And then he starts calling out trade deficits. It is, it seems almost certain at this point that he has no idea what a trade deficit is.

43:25Absolutely no idea. This is, this is on the level of saying what a trade deficit refers to is not, I know people are used to the term deficit and debt referring to government debt. Like they're taking your money and wasting it. And now you owe all of that money. Like that's, that's, that's not what a trade deficit is, dude. A trade deficit is more like companies are buying things from other places. That's what a trade deficit is. A trade deficit is like you go to the supermarket every week. You have a huge trade deficit with the supermarket. You have a hundred percent trade deficit with me. I do.

44:02Yeah. Oh no. Oh my God. That's true. That is totally true. I have a 100%. I just pay you money and all you do is show up and do the work. This is ridiculous, dude. I'm getting ripped off. You, my supermarket, I should just not eat anymore. You know, I should not eat. I should not have a podcast. I should not, I'd be so much better off if I just didn't trade with anybody else. I can literally think of extrapolate it to the individual. That's what it's saying. You'd be so much wealthier if you just made everything yourself. Because literally, essentially, right, this is how most people interact with the world.

44:37I mean, don't get me wrong. The exceptions to this would be like if you invest in a company or if you save money or stuff like that, which is great if you're able to do it. But for the most part, you work, people work, they make money, and then they spend their money on the things that they want. So when you're spending your money on the things that you want, that's a 100 % trade deficit. You're just, you're giving them money and they're giving you stuff. So at the end of the year, I could sit here and go, dude, I have a$10 ,000, you know, trade deficit with the supermarket. Which I don't know these days, that might be a pretty good year.

45:10But I have a$10 ,000 trade deficit with the supermarket. So I would have been so much better off if I just didn't buy groceries all year long. No, you would have starved to death if you didn't buy groceries all year long. This doesn't mean anything. And I'm sorry, like people can have whatever feelings they have. There are some sophisticated arguments that have been made about economic trade policy. The idea that we'd be better off if we just didn't trade with the rest of the world is, Rob, no hyperbole here. That is as ass backward as any communist idea about economics. You're saying something that, what would be the effects, Rob, of literally, I'll try to think this through for a second, about what would be the effects of America tomorrow, no longer trading with the rest of the world in economic cataclysm that would make the great depression look like nothing, I think is a fair say.

46:01So to frame that as that would be really great is, is a starting point of like, if, you know, if my marriage were to end in a murder suicide, that would be the best case scenario. Like, no, no, no, no, no. This is, you have just laid out the nightmare worst case scenario. Not a good one. Bad place to start. Any thoughts on that before we throw it back, Rob? But hey, we'd save$200 billion by cutting off Europe and cutting off Mexico. Yes, that's right. You know, no concerns for what that might do to good services and prices. But, you know, we'd save $200 billion. What comes to mind is, I mean, I used to take a lot of live comments on Run Your Mouth.

46:40I stopped doing that. And during the tariff times, when people were very upset, if you were against the tariffs, cause they were really into getting their manufacturing jobs. I came across a lot of arguments where it's where, yeah, but let's say you live in a town and someone comes into the town and you hire them for something. And then they leave with your money. Then the money left the town. And I was like, yeah, but all right, let's say you've got a tractor that doesn't work. A guy comes into the town, he fixed your tractor and then he leaves. He didn't get nothing. You now boosted your productivity.

47:07Or let's say the guy comes into your town and he helps you plant your field for the next season. You don't have nothing. You got all the future of all the fruit That's going to come from your field Or whatever the hell you grew And then also, why is in your example Just somebody's leaving the town And no one's ever coming to the town with money Why is it just a one way out street And I don't know, people seem to have this weird idea When it comes to economies That money leaving the economy Means that that's the end of the economy That you haven't gotten anything from it That's what Trump seems to think here There's$200 billion that are going abroad And that means it's lost It's not lost That means somebody that could By the way, you could theoretically have a tech Manufacturer that produces All of its equipment wherever Brings it in here and then it sells it In this country, that's not lost, that's all the Profit that the company made here, all the Jobs that it generates here, but there Seems to be some just lost idea in economics That if the money is spent elsewhere Then that means it's lost and that there Was nothing that was gained Through what you purchased with it It's not, you know what I mean, it's not flushed down the toilet it you either you either purchase goods and services that improves your position or you purchase a good that you're going to use to build your next good or go sell it's not lost right right and and right like in a scenario like that i mean it's it is funny because you have someone literally sitting there like even in the scenario they laid out you're like wait so this guy what was it he fixed this guy fixed no i was saying i i just i changed the equation the the example that they like to use is someone comes into the town they get hired to do something they leave with the money, but I'm like, you're only looking at one side of the equation.

48:39That means that they perform something that you saw. I just mean in the more abstract, you could just look at this and be like, that guy came in here and did some work and then walked off with our pieces of paper. Like this is the great crime. This is the great crime that's been committed. This guy came in here and was productive and then left with paper, you know, and don't get me wrong. Cause I understand people were saying, yes, the paper is worth value. Right. But again, if you, to your example, you hire someone to fix your motorcycle or whatever, and then they leave town. It's like, look, you decided if I pay you 50 bucks to fix my motorcycle, I decided in that moment that it was worth it to me to part with the$50 for it to have my motorcycle fixed.

49:18Like I valued that more than the 50 and you valued the 50 more. So you're just like, look, already on the trade, you're ahead. Now, if you want to tell me that somehow you think because he is not spending that$50, Now, I could kind of get an abstract, the argument that like, hey, look, if he spent that$50 down at the local general store, well, I know Bob and I like Bob down at the general store and I bought it or whatever. And maybe there's a velocity effect of the money in the neck. It's spent a couple more times in our town and it helps some more people that I know. Like, OK, but then if you wanted to say that would be perhaps a reasonable argument for saying so hire someone locally to fix it.

49:54If you don't want to hire the guy who's not, if you want to go down to the mom and pop store in your town to kind of keep supporting your town, these are economic decisions, Rob, that we make every day, all the time. I've decided to buy pairs of shoes at the shoe store here in my little town, which are like 30 % higher than if I were to go to the mall. But I like this little store. I like them. So I buy it. Like there are things like that. But just to be clear, there is no ripoff there. Like even going the other way, like, like, look, don't get me wrong. If there was a guy, a local guy who would do it for cheaper than maybe that does make economic sense to go find him.

50:31But presumably if you really care about your town and you hired this guy who's leaving, maybe he was a little bit cheaper. Maybe he could do it a little bit quicker. So you still got some value out of this. And then Rob, and I try to make this point a lot, but this one I think is the most important one. If somebody takes paper money out of your town, they have not damaged you. Like that is just not true. They haven't, the fact that you traded something for them and they took money is not like, it's just not a, it's not a zero sum game. It's not a fixed pie. Now I talk about this a lot with, um, um, when people talk about the rich people hoarding their wealth.

51:12And you go, yeah, but what are they doing with it? What do you mean by this? Like, it's like almost this feeling that the rich people just get the wealth and then hoard it. It's like, dude, they're either investing their money, they're saving their money, or if there are just stuffing it under their mattress, then they're essentially making your money more valuable. Like, it's just not true. The idea that if you trade with someone, there has to be something there where like someone's getting ripped off in this scenario that you're naming you're better off because your motorcycle got fixed that guy's better off because he made the 50 bucks you both made a trade that you valued and then whoever he goes and does business with is also better off it's literally just everyone being better off which there are situations like that like just like like imagine in life you're like in a gym you're all working out in a gym and like no one really knows what they're doing.

52:05And then one trainer walks in and goes, Hey, you guys want to watch me and just follow my form. Like everyone's better off now. There was no loser in this equation. And these guys, it's, it's amazing how like Rob economic fallacies always come back to making you think someone's ripping you off when they aren't. And then ignoring when they actually are ripping you off. All right, guys, let's take a moment and thank our sponsor for today's show, which is Superpower. You know, everybody always has a plan to get healthier and exercise more and eat better and things like that. But if you really want to take your health to the next level, you got to check out Superpower.

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54:39okay so you want to do it you want to do a little trump Rob. Oh, I don't want to read this in Trump. It's great job. Great job. Numbers just announced. All right. Great job. Numbers just amount breaking all estimates except mine by double and triple. And you haven't seen anything yet. Employers added 162 ,000 jobs in August, lower the interest rates because the USA is a much stronger credit than it was just a short time ago. A strong country means a lower interest rate. It's a better credit. Very simple. He just shouts sentence fragments at you. We should have the lowest rate of any country in the world, like the old days, without the United States agreeing to allow them their big surpluses.

55:31And we could stop that immediately. They would no longer be considered financially elite. Lower the rate or I'll stop trading with countries with which we have a deficit we stopped there us okay yeah go ahead okay what listen there's a lot in here to take on but that that that last line is what really just stands out to me because so if you thought the policy why are you threatening us with what you see as economic doom and gloom to try and force the hand of the federal reserve to lower the interest rate either you believe that not trading to lower a deficit actually helps in which case regardless of what the fed does you should engage in the policy that you think works uh but in this case he seems to be lobbying it as a threat where he understands that it is bad economic policy but he's stating that he will engage in bad economic policy and hurt our economy to force for a lower interest rate um so i mean that was the biggest thing that stands out to me the other thing is just if If you've got inflation and more jobs, I think that would be more of a reason to raise interest rates.

56:35And then also, I mean, historically to say this country was great when they were at zero, they were at zero post 08. And I think historically more of the average is 78%. It's gone as high under Volcker as 18%. So I don't think it's historically accurate. If you look at the 1950s or whatever timetable he thinks is incredible, maybe the 20s, which led to a crash. but I don't think there's too many time periods where we were at 0 % interest rate in this country or lower than 4%. No, no, no. It's Obama. The only period he's talking about is the Obama years. So that's the time period that is make America great again?

57:12Because I guess he never defined it. He's talking about the Obama years. The time period that was the lowest interest rate time period, the only time period where we flirted with like a Fed fund 0 % rate or whatever. These are the Obama years, the quantitative easing years, and I guess a little bit of COVID and a little bit during COVID. So these are the Obama years were so bad that we elected Donald Trump. That's what he thinks we should go back to because absolutely no, that's right, Rob. They were in the teens under Volcker during the Reagan administration. He ain't talking about Reagan and no, he's not talking about the 1950s or anything like that.

57:46Yeah. Even in the 1920s, in the roaring twenties, we didn't have 0 % interest rates that they were very artificially low. And there was a lot of money printing for sure um and yeah right i for obvious reasons you maybe wouldn't want to go back to the roaring 20s as your golden economic policy be like how'd they end um and i got i got more on this wait i got just two more points okay one is also the fact that the greatness of a country is relative to its low interest rate i would think the greatness of a country is relative to the stability of the paper and so a higher interest rate would mean that the holding the paper is actually more valuable and that you're robbing people of, you know, less of their wealth through inflation.

58:23So I don't really understand the equation there. And then lastly, if you want to get that, get at the trade deficit, the nature of the trade deficit is that people lend us more money so that we can buy more of their shit that we otherwise couldn't afford. And so if you want less trade deficit, you'd actually want a higher interest rate. I mean, the two are kind of in tandem. Look, I think you might, you might get into a little bit of a dicey water there. I think I look, I would just say it like I would kind of reframe it as look again, like if you if you really try to reduce this again to like my like Desert Island thing, or say like, you know, you're on a desert island where there's apple trees everywhere.

59:01It's as easy as walking over and picking one to get an apple. How much can anyone sell an apple for? Well, you can recognize the price is going to be incredibly low because you can just walk over there and pick one. So how much I possibly charge you for something you just have the option of going and getting yourself. But now if you make it, there's a desert island and there's this dangerous sharky water. And then on an island over there, there's an apple. There's no apples here. Well, now someone has to risk their life to go get this apple. How much are they going to sell? It's going to be incredibly hot.

59:26So like prices are supposed to dictate economic realities. The interest rate is supposed to be a reflection of what? Savings. It's the things are supposed it's the price of money. And so in any type of market system, interest rates are going to be dictated by whether you have a whole lot of savings. So if Donald Trump wants to say a strong country would have low interest rates, I suppose, Rob, you could say, yes, a country that had a very like a strong country might have a very high productive capacity, which means they're producing a lot. And then people might save a lot of money. And then because there's a lot of capital saved, there's a lot of capital investment.

1:00:03And therefore, you know, like it's cheaper to borrow money. But the point is to to have a society where everyone's in debt and not just everyone's debt, like they're just crushing. You know, when you go through like the derivative numbers, it's like hundreds of trillions of dollars. The unfunded liabilities in the entitlement programs are at least tens to hundreds of trillions of dollars in unfunded liabilities, depending on how you measure it. 40 trillion dollars of national debt to say that the interest rates should be low in a consumer based debt based society is. Like, I don't know. It's like saying that, like being on heroin is the sign of a healthy person.

1:00:42Like, no, having having low interest rates in this environment is absolute madness. So I think that's really where it gets. Let me say it a little bit differently. A lower interest rate would allow you to fund more of a more trade deficit. Yes, that is. You can afford to run more of a trade deficit. Yes. And also, if you're interested in trying to have American jobs, the inflation that you're going to create is going to continue to price up your labor against other areas. You're going to end up losing more jobs. Yes. No, I think there's no question about that. And your broader point overall that like if you want to brag that the economy is humming, then that's an argument for raising rates.

1:01:23It's not an argument for lowering them. So it's, yeah, there's a bunch of in here that's just crazy. But again, just kind of what it's like all Donald Trump seems to know. And there's something really I don't know. There's something dark about watching it. But it's like as Donald Trump is spinning more and more out of control, you know, it's just more and more of these D-Day threat type shit. whether it's the Besant D-Day thing, whether it's bridge and power plant day or wipe your civilization off the map, or it's this we'll cut off trade with all nations. Does anybody, does anybody believe that Donald Trump has the authority, the political will, the anything to actually follow through on that threat?

1:02:15No, it's just, just the most like, and the more he goes to the well, the less there, do you remember Rob with Conor McGregor they used to call him mystic mac this was like his name because he would he would call his own shots he'd be like i'm gonna fight jose aldo and i'm gonna knock him out in the first round he'll come at me with the overhand right and i won't be there and i'll catch him with the left and he'd call it perfect every time and then he just kept making predictions predictions predict and then after a while he had made so many that just didn't come through that they're like they're worthless and now you've got the commander in chief is like completely boy who cried wolfed himself out of just any of these threats, meaning anything.

1:02:57It's like he's just spazzing out as he knows he's going down. It's rough. Yeah, and if you got more economic uncertainty about the president's trade policy that would actually drive up prices, the last thing you're going to do is lower rates. I mean, it's just hilarious to threaten ourselves to try and get an outcome. But the reason why Powell was reluctant to lower rates was because he said there's too much going on and we don't, we, we don't have a clear picture. And that was essentially the tariff policies were driving up prices. So it's funny that like, firstly, it's hilarious to threaten bad policy.

1:03:33I guess that you recognize as bad policy against ourselves. I mean, that's just that that's cartoonish, but then also the lever he's looking to push would just be more of a need to, to, to move up interest rates, to combat prices, prices going up. Yeah, no, that's right. That's right. And, um, and, and this is of course the real, the, the, the tight spot that the fed has painted itself into over the last 15 years. Um, is that, yeah, you're kind of, well, yes, that's right. Well, they can just kind of at this point, either screw you going or coming. It's like, look, either we're going to really slow down the economy or we're going to kill you with, with more price inflation.

1:04:14Um, the, I think the, one of the important kind of takeaways from all this too is just that look donald trump he really doesn't and i heard the the two guys on on pierce morgan today and all of them you know of course they're bragging about this jobs report look it's better than maybe some had predicted it would be but again this is like you know this it just reeks of joe biden talking about how hamburger buns are actually down during the worst inflation crisis or going remember whatever it was rob was like well if you just do yeah yeah it was like if you just do baked beans and hamburger buns is actually cheaper than last year's 4th of July.

1:04:53Like, yeah, but people really like meat. You know, and like, it's just, so you're just, you're hard, but look, the major problem, like the major fundamental problems, whether it's like the corruption in DC or even the demographic change in America, the crushing debt, the warfare state that never runs out of a fight. And the fact that prices are just crushing everybody, that life is just so expensive. None of that's been addressed. And every bit as much as the war is a disaster, all this economic like tariff policy, all of it has just been, they got nothing, man. I mean, they want to say vaguely, the big, beautiful bill did great things and it's just kicking in or whatever.

1:05:39But they got like, they got really going into these midterms, Rob, nothing to look to this is just so obviously like you know this guy's crazy he doesn't have any theory he's all over the place he's threatening what would be a calamity and he's not going to follow through and none of this is going to work just a really bad spot to be in going into the midterms yeah let's just fill let's finish the truth let's read the last okay fine we'll finish finish the truth social and then we'll call it a day uh sorry let me read it off here um sorry Where was I? Which the U.S. Supreme Court, in its ridiculous and very costly tariff decision, strongly acknowledged the president has an absolute right to do.

1:06:21It's better than tariffs. The Fed board, with its great new leader, must get smart. Be patriots for a change. High interest rates put the USA in a very unfair disadvantage, and I won't allow that to happen. President Donald J. Trump. There you go. All you need to do, I guess, is have Obama's monetary policy and that should solve all these issues. You can make the country great again. Yeah, like, I mean, again, there's also something to be said for the fact that, you know, there are there are market forces at work, even on, you know, in pretty statist environments. Like, you know, you could sit here and say all you want that America's debt is a great investment.

1:07:09And you say we're so great that the interest rate should be very low. But it's going to get harder and harder to find people who believe that and who want to buy it. So, you know, we'll see, dude. But the idea that after all after decades of, again, objectively, these are objective standards. Over the last 20 years, interest rates have been lower than at any period of time in the history of American monetary policy. Between the quantitative easings and all, I mean, interest rates were put to zero and held there for damn near a decade. And then they went right back down there during COVID for a bit there before they ended up raising them up.

1:07:52If there was a problem that low interest rates were going to solve, we would have more than solved that problem by now. Of course, low interest rates are a big part of how this whole game gets rigged. You know, it's not just the inflation problem, Rob, but it's like when you lower interest rates, you know, you give a huge advantage to people who are borrowing big amounts of money, you know, and that is people, you know, it's a tremendous advantage to the speculators because everybody needs to speculate to get a little bit of interest on something. You know, people can no longer. I mean, you tell me like what sounds like more of a giveaway to the super rich, like having an old lady who can just put her money in a CD and get a reasonable rate of return on that or when she has to give it over to Wall Street.

1:08:46I mean, you know, you tell me. All right. That's our episode for today. Catch you guys tomorrow. Peace.

1:09:05We'll see you next time.