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Attention. You're listening to the Todd
Huff radio show, America's home for conservative

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not bitter talk radio. Be advised. The content of this program has been

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documented to prevents and even cure liberalism, and listening may cause you to lean

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to the right. Here's your conservative
but not bitter host, Todd Huff.

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All right, my friends, you
have tuned in to America's son for conservative

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not bitter talk. I am your
host, Todd Huff. You can email

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me your thoughts and questions, your
feedback, and of course always include that

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adoration and praise Todd at tod Huffshow
dot com. Again, that's Todd at

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Todd huffshow dot com. Or you
can text us three one seven two one

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zero twenty eight thirty three one seven
two one zero two eight three zero in

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fact time permitting, we're going to
get to a question from a listener that

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we got. I guess it would
have been yesterday, So I want to

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start here, and this will be
spun as some tremendous economic news. You

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saw this yesterday. FED increases rates
interest rates a quarter point and signals potential

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end to hikes. As a CNBC
dot Com you'll find this reported all sorts

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of places. It is news.
It is an indicator that we have again,

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we have a massive mess on our
hands. And this is part and

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parcel of what it means to have
a economy that's run by people who hate

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the type of world view, an
ideology upon which our system is supposedly built,

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which is free market capitalism. And
actually one of the questions, I

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may get to this sooner than I
thought. I've kind of gone back and

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forth. But this is directly related
to, you know, the problems that

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we have economically. There's a lot
of them. There's a lot of them,

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and some of them are deeper than
even meet the eye, and so

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on the surface, we have the
basic problem that the government spends too much

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money, right, and so that
is a basic, easy to understand problem

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that every person can relate to.
We all have budgets. This is called

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reality. And for some reason,
the government, the media, Hollywood,

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the people who get government handouts,
they've convinced people that government budgets need to

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work differently. And so when government
budgets work differently, or in some cases,

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government doesn't even need to have a
budget whatsoever. That's what people think,

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even though they may not always say
that outright, that ultimately is where

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we're headed. That's really one of
the reasons why we're continually having to raise

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the debt limit, which again that's
something that's going on behind the scenes right

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now. McCarthy says, the House
is going to stand firm and not increase

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the debt limit unless there are spending
cuts Biden and the left or on the

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other side of that, which is
basically, ah, you know, we're

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going to keep doing the status quo
and not even maintain the status quote.

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We're going to continue to increase spending. We're going to continue to rack up

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massive, unfathomable amounts of debt and
just continually dig into the hole deeper and

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deeper and deeper until it becomes so
burdens and folks, in some ways,

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we've already hit this point, but
reach dig into this financial hole so deeply

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that there is no escaping it.
There is no way out, And I

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would maintain that is by design.
Some of these these jokers and clowns simply

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don't know about or others do,
and they are completely content, hear me

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say this, They are completely content
placing massive inexcusable for what I want to

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say, pressures financial pressures upon you, your family, your business. They

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do not care. They do not
care because the more that the average person

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suffers some again, we're all people
are different. But some people begin to

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look for help, and often they
look to the government, many times the

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federal government, and so help me, help me. Federal government. That's

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that is where they force people into
that, even people that don't want to

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get there. There's pressures that are
placed. You look at all the pressures.

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Number one, the government is spending
way too much money. I watched

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a video from John Stewart, who
thinks John Stewart, look, I believe

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it or not, there's a lot
that I respect about about John Stewart.

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I mean not, of course everything, but there are some things that I

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do respect about John Stewart. I
think I think in some ways he is

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trying to to understand things I do. Again, this is what former Comedy

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Central, the Daily Report, whatever
he was on. I think he's trying

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to understand some things, and sometimes
he gets so close. He gets so

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close. But I saw a video
of his the other day. In fact,

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I thought about it's not in the
stack of stuff, but maybe it'll

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end up there. I'll take a
look at that here. But anyhow,

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he did a video basically saying how
we need to be more socialist, meaning

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have taxes that pay for services.
And I will say this, there are

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some things in his video he's right
on. He's right on some of the

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problems that we have with big big
pharma, or any industry that's getting government

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subsidies. There's one thing, there's
one thing to get tax cuts for some

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legitimate reason to you know, for
getting more employees and more people working in

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a state or whatever. There's something
altogether different when the government is subsidizing really

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anything, because what has to happen
is the government takes money out of the

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private sector. When they take it, there's always a cost associated with that,

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not just the money they've taken out, but there's an administrative cost.

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There's the cost to pay the staff
that takes it out, the staff that

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reviews what was taken out, the
staff and the buildings and the plumbing and

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all those things that are required to
the Internet services, of all these massive

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numbers of people that work for the
government to take it out of the economy,

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so then when they put it back
in, by definition, there's less

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of it because the administrative state takes
that. There's just operational costs. There

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is no avoidingness, and so they
take an amount out and then they put

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it back in. And then they
have these jokers and clowns in Washington,

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DC and some again some bureaucratic office
or some congressman's office or senator's office or

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wherever, and they arbitrarily get together
and decide where the money that they've confiscated

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from people who have earned it.
Right, the government did nothing to produce

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it, nothing to produce it.
The government produces nothing. The government takes.

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Now, I'm not saying we should
have pure anarchy, and I'm not

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saying all taxes are bad. That
there is a certain amount of necessary evil,

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if you will, that a necessary
amount of taxation to run a government.

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But instead of looking at it the
way the founders did, instead of

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looking at the way that candidly we
should look at it, which is,

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how do we operate off the least
amount possible so that the most money possible

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stays in the private sector where investment
is made. These are the groups that

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are making the profit. These are
the folks that are creating jobs. You

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know, it's erroneous to say a
president creates jobs Trump. Now, Trump

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created jobs with a businesses, but
Trump didn't create jobs as a as a

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president. No president has. Now
that being said, a president or really

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congress, a president can assert pressure
or provide leadership to a congress that creates

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policies that makes it easier for people
to create jobs, or vice versa.

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In the case, anytime a Democrat
or a leftists in control of the economy,

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there are pressures that are put on
the economy, on the business community,

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that make it harder for people to
hire people, that make people more

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uncertain. And it only stands to
reason because if you're a small business or

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a medium sized business, or even
some large corporations. By the way,

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look at the numbers of people that
are being laid off in big tech and

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in other places right now. People
are laying lots of folks off, and

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it's because of the uncertainty. And
why is there uncertainty. It's because of

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all of this stuff that we're that
we're hitting on. It's because of inflation,

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it's because of government that is basically
bankrupting itself. It's because of the

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policies and the approach that the Left
is taken to the economy causing or leading

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or influencing the Fed the Federal Reserve
to increase interest rates, which puts additional

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pressure on the consumer. Now,
I'm not saying that the consumer bears no

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responsibility. We bear responsibility for handling
our finances response right now. Certainly there

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are situations where you've taken or some
of you have taken, or we've taken

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calculated risks and made investments in businesses
and so forth, And there are circumstances

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that I mean, that's a little
different than just going out and blowing money.

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But at the same point in time, we all bear personal responsibility for

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our finances. We can't simply blame
it all on the government. But what

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we can do is blame blame the
additional burden that's been created by the government.

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And again, this comes in the
form of out of control spending.

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This comes in the form of high
taxation. This comes in the form of

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a very out of control bureaucratic state. This comes in the form of inflation,

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which who's responsible for inflation? You
know? I hear people say inflation

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is just when things cost more.
Well, that's not entirely true. It's

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why do they cost more? Again, we've we've been through this before,

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and I don't want to rehash it
right now in this particular program or this

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point in time anyway. But inflation
is directly one hundred percent. It is

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one hundred percent the result of government
creating more money than value true value created

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in the economy. In other words, the government prints more money or hits

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the button and digitally creates it.
Today, they create more money than actual

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true value that has been created in
the marketplace. You know, in a

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true financial sense there is in the
free market economy and the capitalistic economy.

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If you pay someone for a product
or service, and you get that product

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or service, and they get money
for that product or service, then both

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parties benefit. Both parties actually see
financial rewards for that. I mean,

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obviously there's things we can spend our
money that are true. Expens says,

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well, let's say we someone builds
a house. You buy property, you

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build a house, You pay the
person the contractor, to build the house.

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The contractor gets money for creating right
and building the house. The homeowner

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gets the home. So suddenly there's
real value that's been created, and so

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both sides benefit. But what happens
in an inflation. I'm making this simplistic

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that there's I mean, there's there's
more complexity here, but at a basic

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level, this is the truth.
So instead of saying the economy grew by

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two percent, so the money I'm
just picking. I mean, these are

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just random numbers here. The economy
grew by two percent, so the money

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supply should be increased by two percent
to show that increase. The money represents

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the value that's created. The real
value. Well, when they inflate the

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currents or when they create inflation,
they inflate the amount of currency in the

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market. Just for kicks and giggles, I'll say the economy grows at two

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percent, they created money supply it
four or five, six, seven,

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eight, ten percent, And so
there's all this money that doesn't that's not

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backed up by anything real and substantial, which leads to another I mean,

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these problems that they've been they've been
festering for decades, hundreds of years in

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some cases. In fact, I
got a question I texted into us yesterday

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that was asking, you know how
originally people and I'll get to a time

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permitting at the end of the program, but you go back at the history

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of of money here in the United
States and the question was, what you

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know, when we were on the
gold standard, could you effectively exchange notes

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or paper money and go in and
get the equivalent in gold or silver.

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And but that's back in the day
when the money was are you suiting me?

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Our paper money was backed by gold? And that none of that's reality

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anymore. That the money, the
money we have to day, it's called

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a fiat currency. It's not based
on anything besides the reputation of the government.

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And so when you have a government
that's out of control, that's been

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spending like there is no tomorrow.
They've been spending as though there is no

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time ever, that reality will set
in and that the chickens, as Jeremiah

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Wright would say, come home to
roost. I mean, they're all that

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is being ignored. And so you
have these myriad of factors. You've got

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high interest rates, you've got high
inflation. You've got in many ways from

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some an abandonment of free market capitalism, and they've villainized free market capitalism.

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And so you have a currency that's
that's based on the reputation and the trustworthiness

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of a government that can Italy is
not trustworthy whatsoever. And so you factor

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all these things in you see interest
rates go up. By the way,

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this is the tenth time the interest
rate has increased in just over a year

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or so. Tenth time. So
this is a an absolute mess that's been

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created. And then of course you've
got the government. You got Biden in

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the left wanting to raise the ability
of Congress to spend us more into debts.

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And who pays that you pay,
That your kids pay, that your

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grandkids pay, that your great great
grandkids pay that. I mean, they're

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gonna be paying this until the end
of time, which we're swiftly marching towards,

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if we continue down the path that
the Left is leading us. But

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anyhow, these myriad of factors all
end up, and this is where I

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want to take the first break.
They all end up on you, they

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all end up on me, They
all end up on the American taxpayer,

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on the business owner. And then
if you have the audacity to question the

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way that money is being spent,
if you have the audacity to demand to

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even make the suggestion that government rein
in spending, reduce it, I mean,

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they act like if you do what
McCarthy wants to do. Speaker of

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the House Kevin McCarthy. He wants
to see a reduction in spending in order

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to raise the debt limit. He's
exactly right. Now, I don't know,

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you know, I don't want to
talk about it. If he's genuine

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playing politics trying to set up a
narrative for the twenty twenty four election,

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that's a whole, a whole other
issue, and it's one we have to

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be aware of. But let's just
take it at face value, and let's

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say this is he's right, He's
right, and so the problem is nobody

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wants to address it because the choice
is for these folks in Congress if they

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take the tough steps that are necessary
to rein in fiscal well to create fiscal

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responsibility. Again, there's going to
be short term pain. There's going to

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be short term pain anyway, because
these jokes in clowns have driven this economy

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knows first, into the ground.
Remember this is this is after Trump and

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the Republicans helped us see massive growth
in the economy, and Trump's first couple

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of years. There was a great
economic situation back then. Now it's not.

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Now it's not. And of course
I would ask the question, of

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course I think that this is intentional
by many. There of course there are

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there are some quote unquote useful idiots. They don't understand this, but there's

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a lot of people to do.
They don't like this country as founded.

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They don't like liberty. They are
lovers of big government. They are tyrants

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at heart. We've seen their behavior
during COVID. We've seen the way that

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they demonize people that didn't get vaccinated
and everything else. And this isn't this

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is just who they are, and
so they don't like They hate America what

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she was founded upon. They hate
liberty. They hate this concept of a

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constitutional right to anything, free speech, keeping bare arms to be secure,

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and your persons and your property.
They don't like any of that stuff.

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Right at the end of the day. They don't like that because it limits

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their power and empowers the individual over
the government over the collective. They don't

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like the idea that people believe or
actually know the reality the facts that government

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excuse me, rights come from God
and not from government. And all these

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things are thrown into the political bucket
today and it's shaken up and it's dumped

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on the American taxpayer, and we're
supposed to try to dig our way out

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of it. When the folks in
DC are creating an absolute mess, and

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they're doing it intentionally. Many of
them are because they hate this country.

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I don't like to say that,
and I'll be honest with you. When

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I first started listening to say Rush
talk about these things twenty years ago,

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whatever it was, I was resistant
to believe that. So I hear.

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I understand if you are, because
you don't want to believe that someone goes

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to Washington, d See with the
intent on destroying this country as founded and

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making it something else, making it
more socialistic, more status more like an

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oligarchy, something where they have empowerment, where they have basically lifetime access to

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whatever they want, while the rest
of us are treated like serfs. They

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but that is in fact, how
many of these folks look at this.

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It's why they get away with things. It's why we have things like Jeffrey

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Epstein, the Black Book, It's
why we have all of the excuses made

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for the Clinton Foundation Hillary's emails,
of course, it wasn't about email servers.

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It was about the content of those
emails. Why she was using a

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private email server instead of a government
server, what she was doing, why

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donations were coming in after certain favors
or meetings were held, saying thing with

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Hunter Biden and his laptop, the
laptop from Hell, and it's why we

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have a two tier justice system.
And they're cool with it. They're totally

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fine with it. But it's unaccept
all my friends. And part of getting

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out of this problem, and we're
talking about fiscal financial issues today. Part

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of it, yes, is finding
the woke mob on transgender issues and all

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this stuff going on. Part of
it is also to get control of what's

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happening financially in this country, reducing
the debt, reducing the deficit, stop

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this madness of constantly increasing the debt
limit without demanding that, you know,

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expenses be cut. Thankfully McCarthy's doing
that. So I want to talk about

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all that big picture today, but
it's all landing upon you and on your

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shoulders because these jokers and clowns are
totally cool with it. At the end

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of the day, they don't care
about the results. They're safe, they've

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got their retirements in place and everything
else. They're in the elite part of

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the class. They can weather some
of the stuff that is crippling to many

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Americans. It's sickening it's sad.
I've got to take a break. More

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on this on the other side of
the break, my friends, sit tight.

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You're listening to conservative not better talk. I'm your host, Todd Hugh.

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Back in just a minute. Welcome
back, my friends. This march

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towards financial ruin and calamity has been
a long and painful one. This didn't

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start last weekend. This didn't even
start when Biden was elected President of the

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United States. This started, This
started generations ago. I mean you look,

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you look at just just the simple
decision to move the federal gut or

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excuse me, to move away from
the gold standard, which basically meant,

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basically meant that the dollars that we
had in in circulation were actually represented by

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or were backed by gold. So
if there was a dollars worth of goal

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I mean, for simplicity second dollars
worth of gold in paper, there was

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a dollar's worth of gold in the
US government treasuries. And so that did

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folks the value of money. No
matter how much people want to pretend that

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it's it's whatever they want it to
be, it is rooted in reality.

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It is rooted in reality because if
you think about an individual financial transaction.

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I mean, if if you're a
auto dealer, if you have a car

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lot, are you going to take
thirty five dollars for a brand new vehicle?

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Right there there, there is there. Real value, is a real

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thing you have. You have to
be able to calculate the labor, the

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materials, the risk, the marketing, the overhead, all that stuff to

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be able to deliver and to make
a profit. To make a profit.

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Otherwise, friends, if there's no
profits. For those who hate profits,

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there's no taxes without profits. You
can't tax someone who doesn't have a little

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bit more than he or she started
with. I mean you can, but

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that won't last for very long,
although you do have Bernie Sanders, this

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is in yesterday's stack of stuff.
Bernie Sanders wants to confiscate the wealth of

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every dollar, one hundred percent of
every dollar over well over the billion dollars

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status. So if someone's a billionaire, Bernie says, you can have the

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first nine hundred nine million, nine
hundred ninety nine thousand, nine hundred ninety

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nine, but I'm coming after the
next. Every other dollar you give,

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well, you don't give it,
you get it taken by the federal government,

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by the way, speaking of that, the idea that we have,

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it's not generous. It's not being
generous to spend someone else's money. You

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can be greedy while being poor or
not being ultra wealthy. The people who

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are ultra wealthy are not necessarily greedy. They made us be really good at

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making money. And the people who
don't have much are not necessarily by definition,

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not greedy because they don't have money. If all they think about and

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all their desires are to accumulate wealth, no matter how they go about doing

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it, no matter how it harms
others, whether someone is wealthy or poor,

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That, my friends, is the
definition of greed. So you can

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be wealthy or you can be poor
or middle class and be greedy. Just

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because you have doesn't mean that you're
mean. These are these are terms that

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my kids who are thirteen to nine
and eleven would understand anyway. But so

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you put all these factors together,
you got moving from the gold standard at

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some point, and of course in
American history, which wasn't finalized typically until

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under Nixon, but we started back
even before that. But you look at

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all of these things. Deficits debt, well, debt which leads to deficits,

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deficit spending, you've got inflation,
which is government spending so much money

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and then creating more than economic output
justifies, and so it drives down the

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value of everyone else's money because now
there's too much in the economy, and

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so it devalues the currency that is
actually based in reality, rooted in reality.

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It's making it worth less and less. And when democrats are in charge,

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your money is constantly worth less and
less and less and less. This

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is the third char succeed me,
the second term of Jimmy Carter. By

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the way, Biden's Biden's America.
So inflation, high taxes, bureaucratic state,

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moving from moving to a fiat money
system where things are not based on

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anything in reality. It's just based
upon whatever the government can determine that it's

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worth. And then of course they
can manipulate it, they can inflate it,

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and now it becomes now they can
use it as a weapon, as

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a silent way or a quiet way
anyway, I want to say silent.

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It's those of us who know what
to pay attention to, can see the

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effects that it has, can see
the effects of inflation on the average taxpayer,

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The average American it's sick what they're
doing to people, my friends,

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it's sickening. Biden. Then you've
got things like you've got things like green

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policies that could potentially double I saw
this in a story recently. The cost

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of electricity could double if some of
these policies are fully implemented. You won't

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be able to buy a gas powered
vehicle in the state of California. It's

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just I'm not against electric vehicles.
I'm against having the choice what type of

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vehicles best for me and my family. We travel in a fifth wheel.

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There's not an electric vehicle i'm aware
of that can pull this thing around the

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country. Maybe one day, I
don't know. But to not have the

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choice, and to be forced into
a situation that does not meet what we

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freely want to choose and what another
would freely provide and create and sell is

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just is not a good mix.
It's not a good mix at all.

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You've got government picking winners and losers. You've got deficit spending. There's zero

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desire to cut spending, although McCarthy
is fighting for that, and the Left

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should be held accountable candidly, the
Republicans should be too. But right now,

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the House is at least standing up
for spending cuts and again the message

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that the bottom line is to the
American taxpayer, to you listening to my

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voice, this lands in your lap. This becomes your problem because your government,

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my government is out of control,
and I would say intentionally so,

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damaging and damning stuff that hurts your
ability to live your life, that makes

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you have to choose between I don't
know, paying for groceries or taking a

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vacation or something even more more drastic
and dire decisions than that. This is

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created and manufactured by people who at
best don't know what they're doing, and

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at worst are nefarious and intentional on
undermining this great nation to remake it in

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something that they want it to be, which is something that is much different

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than what the founders envisioned and much
different from what we've had experience we've experienced

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throughout our lifetime. Either some evil, manipulative, duplicitous folks running around in

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all sorts of places, in government
and in the private sector too, but

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at least in the private sector we
can tell them, no, we don't

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have to be forced to do things
their way with no other alternative. That's

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what government is government is forced and
they have forced us into this financial hell

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hole, and that's where we are
today. That lands solidly in your lap.

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That's why interest rates are going up. I'm sure they'll try to spin

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it in some positive wine In fact, I've got a sound bite from Kareean

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Jean Pierre who's trying to explain just
how great this economy is. But those

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of us living in reality know that
that's nowhere near the truth. But a

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00:29:22.559 --> 00:29:26.519
timeouts in order my friends sit tight. Got to play that sound bite from

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her when we get back. Actually, next segment maybe super short, and

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we'll do that after that, but
timeouts in order my friends sit tight.

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Be back here in just a minute. Welcome back, my friends and my

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friends, I should say, instead
of the wine house acknowledging and admitting the

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unmitigated disaster that they have led us
into. And it's not Look again I've

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00:30:02.880 --> 00:30:07.279
said before, I try to be
fair. It's it's not one hundred percent

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Biden's fault. Although he's been in
Washington, DC for fifty years, he

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00:30:11.799 --> 00:30:17.400
deserves more of the blame than anybody
else because he's been there again, as

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I said before yesterday, he's been
there thinking about it for twenty percent of

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America's history, Biden has been in
Washington, d C. Having his hands

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on the reins of power. Twenty
percent of this great nation's existence. He's

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been in Washington, DC as a
senator, as a vice president, and

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now as a presidents. So but
instead of acknowledging those things, Karine Jean

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Pierre takes to the podium to talk
about how great the economy is. She

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was asked, yesterday excuse me,
yes, I think this was yesterday,

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before the official announcement that rates would
be going up, it was anticipated that

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that very well may be the case, and she was asked about that from

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the from the podium, And we're
gonna play it's gonna be next segment now

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because I got off the clock,
and you know, it's some New Year's

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resolution that I've dropped the ball on
here today in the first couple of segments.

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So anyway, I'm gonna plan instead
of just acknowledging it, taking responsibility

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the buck stops here sort of stuff. No, no, no, they're

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going to cover up reality. They're
going to deceive us. They're going to

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not take responsibility. That's what they
do. This all politicians, but in

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particular here it's the left and Joe
Biden and his of course press secretary here.

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But well, we'll play that SoundBite
on the other side of the break

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on touch on the question one of
the questions we've got from one of our

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00:31:49.559 --> 00:31:52.039
listeners here. But the timeout in
order my friends sit tight back in a

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minute, my friends listen. And
instead of just accepting responsibility, which of

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course I know politicians, no one
likes to accept responsibility. It's so much

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easier to live in the world of
Michael G. Scott from the office and

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00:32:10.039 --> 00:32:14.640
say, I will be honest with
you, America. I would like all

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00:32:14.759 --> 00:32:16.720
of the credit with none of the
blame. That's what they all want.

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So but instead of doing that,
they come up with ridiculous, absolutely ridiculous

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00:32:23.720 --> 00:32:28.759
things to tell us. And so
here's Karen Jean Pierre at the podium,

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00:32:28.799 --> 00:32:35.359
who was asked about really just the
economy. How you know what is Biden

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going to tell the American people?
Presuming this was before the interest rates?

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00:32:39.519 --> 00:32:44.000
I think we're officially announced the interest
rate. Hey, you know what are

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00:32:44.039 --> 00:32:49.079
we gonna How can the president talk
to the American people about this? How

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00:32:49.160 --> 00:32:53.680
can he how can he actually what's
he gonna say? What's what's the positive

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00:32:53.680 --> 00:32:58.960
economic news from this? And this
is her response. Hold on here,

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this is a president that has when
it comes to his economic policy, he's

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00:33:02.559 --> 00:33:08.119
put lowering costs for the Americans a
top priority. And we understand you hear

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this from the president as well.
We understand that the American people, some

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people are still feeling the squeeze and
still feeling kind of the pressure, if

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you will, of where we are
with our economy. And so when you

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00:33:19.720 --> 00:33:24.640
look at the data, there has
been there has been some relief in the

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progress in fighting inflation. Consumer price
index, most specifically inflation has fallen over

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the last nine months. Inflation is
at the lowest rate it has been in

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00:33:35.119 --> 00:33:38.599
almost two years. Since twenty twenty, has fallen about forty five percent from

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its peak last year. Wages rose
last month and are higher than they were

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00:33:43.640 --> 00:33:47.920
nine months ago. Accounting for inflation
as well. Gas prices are down about

403
00:33:47.920 --> 00:33:52.839
one forty from the peak after Putin's
invasion, and grocery prices for last month

404
00:33:53.039 --> 00:33:57.079
for the first time since September twenty
twenty. Again, she understand that there's

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00:33:57.160 --> 00:34:00.400
more work to do. The President
gets that, and doesn't get any of

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00:34:00.480 --> 00:34:05.920
that, She says, the President
gets that there's more work to do.

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But if you listen to that litany
of bs, I'm sorry, it's it

408
00:34:13.440 --> 00:34:19.639
sounds like the president's proud of his
record. Grocery prices fell, So it's

409
00:34:19.679 --> 00:34:22.519
it's kind of like this. It's
kind of like saying, imagine, you

410
00:34:22.599 --> 00:34:27.440
know, your your a young person, your metabolisms off the chart. You

411
00:34:27.480 --> 00:34:30.440
can eat and do whatever you want, and you don't gain a lot of

412
00:34:30.480 --> 00:34:32.440
weight. Suddenly you know, you
put on some pounds, you put on

413
00:34:32.960 --> 00:34:37.800
fifty pounds, and then you lose
two pounds, and then you brag about

414
00:34:37.800 --> 00:34:39.440
the two pounds. And now,
look, I'm not saying that if we're

415
00:34:39.480 --> 00:34:45.119
heading in a positive direction that there
shouldn't be any you know, acknowledgement of

416
00:34:45.199 --> 00:34:51.039
that little victories are fine. But
it's not as though inflation is back to

417
00:34:51.119 --> 00:34:53.599
where it should be. It's that's
not the case at all. It's not

418
00:34:53.719 --> 00:34:59.880
as though grocery prices or where they
should be. They drive these things up

419
00:35:00.039 --> 00:35:06.000
to astronomical levels or or well and
then they say, well it's not as

420
00:35:06.079 --> 00:35:10.719
high as it was. Well that's
nice. Your policies have driven a lot

421
00:35:10.800 --> 00:35:15.199
of these things up. And again
it's not one hundred percent. It's not

422
00:35:15.239 --> 00:35:20.719
one hundred percent. But my friend's
inflation is absolutely one hundred percent the fault

423
00:35:20.800 --> 00:35:24.960
of the federal government. The blame
does not go to Vladimir Putin. Vladimir

424
00:35:25.039 --> 00:35:31.039
Putin may have made the cost of
oil getting exported out of that region more

425
00:35:31.079 --> 00:35:36.000
expensive and by extension, other other
oil markets, but that's not what inflation

426
00:35:36.159 --> 00:35:44.599
is. Inflation is when there's a
universal rise in the cost of everything because

427
00:35:45.039 --> 00:35:51.559
and this is the important part,
because the dollar is well because there's too

428
00:35:51.639 --> 00:35:55.599
much money being introduced into the economy
by the government, by the federal government,

429
00:35:57.280 --> 00:36:01.800
and because of that, your dollars
less purchasing power. That's what inflation

430
00:36:02.000 --> 00:36:06.400
is. There are other factors that
can cause prices that go up, there

431
00:36:06.400 --> 00:36:10.679
are other factors that are at work
right now. But inflation is one hundred

432
00:36:10.760 --> 00:36:15.960
percent. This is Do not believe
these charlatans. Do not believe these people

433
00:36:16.000 --> 00:36:20.960
who are telling you otherwise. That
is what inflation is. It's not inflation

434
00:36:21.119 --> 00:36:27.199
is not simply something cost more.
It is something cost more because your dollar

435
00:36:27.800 --> 00:36:32.599
has less purchasing power. And who's
responsible for that. The federal governments.

436
00:36:32.880 --> 00:36:37.840
That's who's responsible for that. And
that's why you go back in time and

437
00:36:37.960 --> 00:36:42.039
you look at the moving from the
gold stand. All these things matter,

438
00:36:42.119 --> 00:36:49.000
they all, they all factor in
deficit spending, bureaucratic state, turning away

439
00:36:49.079 --> 00:36:52.599
from capitalism, the demonization of people
that like free markets, and so forth.

440
00:36:53.320 --> 00:36:59.440
All these things factor into today's reality, and again they land firmly in

441
00:36:59.559 --> 00:37:02.280
the last of the American taxpayer timeouts. In order, my friends back in

442
00:37:02.360 --> 00:37:12.400
just a minute, Come back,
my friends, quick, really quickly.

443
00:37:12.480 --> 00:37:16.199
Here. I got a question yesterday
from a listener that was texted in that

444
00:37:16.360 --> 00:37:21.679
kind of fits into the program today, and the question was this, when

445
00:37:22.719 --> 00:37:27.199
there were US notes, this was
historically did people go to the Federal Reserve

446
00:37:27.239 --> 00:37:30.159
and get gold or silver? Basically, we're there tellers. And so I

447
00:37:30.239 --> 00:37:35.199
have a a friend that helps that
started helping or is offered to help do

448
00:37:35.360 --> 00:37:38.159
some research. He's kind of he
does a lot of research and he likes

449
00:37:38.239 --> 00:37:44.440
this. So basically he's given me
this to share with you, and we're

450
00:37:44.480 --> 00:37:47.280
gonna look at that here in the
time that we have we have remaining today,

451
00:37:47.400 --> 00:37:53.440
which is limited. But basically,
we found that the dollar, the

452
00:37:53.559 --> 00:37:59.760
US dollar, came from the silver
dollar silver dollar and was forty six grains

453
00:37:59.800 --> 00:38:05.280
of silver. It was similar to
the Spanish dollars, so that there was

454
00:38:06.159 --> 00:38:09.480
a half a dollar or a quarter. Those were made in proportion to the

455
00:38:09.559 --> 00:38:15.559
actual silver dollar that was established back
in seventeen ninety two, so you actually

456
00:38:15.639 --> 00:38:22.679
were initially able to take your own
coins to the mint, or well have

457
00:38:22.800 --> 00:38:27.079
your coins made at the mint us
mint by taking gold or silver. That

458
00:38:27.239 --> 00:38:31.960
practice, we found, lasted until
eighteen seventy three, and then somewhere around

459
00:38:32.000 --> 00:38:38.440
eighteen seventy eight, Congress passed our
promised I said, should to redeem those

460
00:38:39.400 --> 00:38:45.679
the paper money for gold. That
caused a gold rush until people found out

461
00:38:45.719 --> 00:38:51.039
that the paper actually did hold its
value. And basically it was from then

462
00:38:51.119 --> 00:38:53.320
on that we were on the gold
standard, and we had the paper money

463
00:38:54.239 --> 00:39:00.119
until nineteen thirty three when FDR put
in the steps to get us off that

464
00:39:00.199 --> 00:39:06.199
and then eventually Nixon I think,
was the one who finally got us off

465
00:39:06.239 --> 00:39:09.800
of the gold standard in the in
the seventies, but a lot of that

466
00:39:09.840 --> 00:39:12.639
was put into place, and by
the way, the FED, the Federal

467
00:39:12.719 --> 00:39:19.559
Reserve was replaced the US National Banking
System in nineteen nineteen thirteen. So anyway,

468
00:39:20.000 --> 00:39:22.519
that is a little little history on
that, and again thanks to my

469
00:39:23.199 --> 00:39:29.039
researching friend Tyson for for putting that
together. And I appreciate the questions to

470
00:39:29.079 --> 00:39:31.199
you. By the way that this
is. That was something I don't know

471
00:39:31.320 --> 00:39:35.760
a lot about, So I appreciate
Tyson's research and help. But we're here

472
00:39:35.800 --> 00:39:39.400
to answer questions too. Whatever you
think, whatever the issue three one seven

473
00:39:39.440 --> 00:39:44.119
two one zero twenty eight thirty,
you can text it tot at todhub show

474
00:39:44.119 --> 00:39:45.760
dot com. You can email it. We will do an answer, get

475
00:39:45.800 --> 00:39:47.840
the answer to you the best we
can. My friends, I've got to

476
00:39:47.880 --> 00:39:50.440
go the seg Sam. I'll take
care