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You're listening to Bill Handle on demand
from KF I am six forty. I

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don't think that it is compassionate to
let feral humans run around. I don't

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think that that feral humans. Yeah, well that is a pro bowl.

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By the way, at least pay
them and newter them and now handle on

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the news, ladies and gentlemen.
Here's Bill Handle, and good morning everybody.

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Monday morning, July first, and
this is the week that a lot

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of us are happy campers because Thursday
and Friday, it's the July fourth weekend

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of which all of us, thank
goodness, are not going to be here,

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right Anne, uh huh Okay,
Connell, what's up? Bill?

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Okay, Neil, I won't be
here. Oh good you're on my side.

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Okay. Food chain issue, food
chain issue. And Heather, I

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don't even have to ask you.
Of course you're gonna be here because you're

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gonna be covering four shifts right right. I will be here, Yes,

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we'll be here. We're gonna have
a party. Why is it a food

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chain issue that they have work ethic? Everything's worth well, it's a food

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chain issue, whether or not you
have. I haven't worked every single holiday.

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You can imagine a KFI on more
than one occasion. Well, I

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used to do bill No, no, I believe me. I paid my

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dues. I believe me. I
paid my dues. When we used to

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have overnights and didn't have George Norri
with Martin anal probe show, it was

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it was Overnight is of course it
is Heather, that's the show Martiino Probes

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with George Norri. I was literally
trying to describe it to my husband.

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I was like, it's just so
bizarre. But you nailed it. That

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was it? All right? So
I did those for years and years.

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I mean I would do overnights,
I would do every holiday. No,

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your dudes, it's not that you
meant anal probe. No I do that

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too. No, no, no, no, no, I know this

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and anal probes are fun. As
a matter of fact, I bought coupon

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books for those, and you buy
ten, you get one for free.

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Why would it? Why would an
alien need to look up there? Why

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not look into your mouth? Why
not? Because I don't know why?

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Because it's done. If you ever
listened to someone who's undergone a Martian anal

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probe, it's like a screw.
It's like this may massive screw that you

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go up in the spaceship and uh, the the Martians do this screw thing

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and you come down and all of
a sudden you're back in the haystack.

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It's always a haystack somewhere Nebraska,
always, you know, and near some

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farm. And all they remember is
just a vaguely being brought up in a

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real sore ass. And that's all
they remember. By the way, all

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this advanced science they're coming here from
other worlds, hey doing all these things

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they go up, but our tech
is still just going up the butt.

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I have a question, that's how
for those of you believe there are aliens

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out there? And let's start and
aliens yes or no? I mean who

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have come to Earth? No?
Kno? Absolutely, okay, seriously yeah,

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okay, Heather, Yes, okay, here's my question. And then

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I know I don't think you believe
that A no, I don't believe we've

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been Let me ask questions. Why
has not one of them ever gone marching

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down Wilship Boulevard. Why is it
always some obscure place and it's never in

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front of city Hall or in front
of the Fed the FED building? Why

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not? Yeah, it's always visiting
a place where they start sentences with tell

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you what, yeah, why why
wouldn't they go Why wouldn't they go public

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with that? This is like that
SNL sketch with Kate McKinnon where she's smoking

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a cigarette and talking about the aliens
and how they they played with her and

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touched her, and you know it's
uh, you know, they have this

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technology to the point where they can
visit Earth from you know, planets and

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galaxies far far away, and yet
uh, there they are. They just

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won't be seen. They play hide
and seek with this. I don't get

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it. And by the way,
a huge number of people, as in

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Kno and Head, there reasonably bright
people, maybe reasonably bright people who believe

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that aliens have visited us. You
guys are nuts. These are people that

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can't get out of work on the
fourth of July. Bit that's true,

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well said, all right, guys. In anyways, it is July one,

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and we start July, and it's
gonna be hotter in hell today.

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Heather, you said, we're in
the valleys. We're gonna break a hundred

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today. Yes, yes, it's
gonna be hot. What's the human about

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fifty? I don't think it's going
to be that human. I think it's

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just mostly going to be as they'd
like to say, a dry heat.

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Yeah. Well, by the way, fifty percent is the perfect humidity,

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just to let you know if that
is. Yeah, yeah, fifty percent

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is perfect. You know what,
every time Bill, you say it's hot,

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good, be hotter than hell today, it makes me laugh because you're

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the only one out of the five
of us that is going to find out

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whether that's true or not sooner or
later. Oh that's very funny. Hey,

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Siri, what's the humidity in Los
Angeles today? Sixty two percent.

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It is going to be a little
humid, not very much, but it's

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going to be humid. So Kno, we have to do the drop.

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It's hot, not a Shitz.
No, you can't say it's not a

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Schwitz because it's a partial Schwitz.
So it's hot and maybe a little bit

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of a Schwitz. We don't have
that drop, so we have to deal

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with that. All we have is
all we have is Shakespeare's famous line to

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Schwitz or not to Schwitz. That
is the question. Okay, guys,

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let's do it. We're on our
way. It's time for handle on the

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news on this Monday morning, July
one, Heather Brooker Nil savedra me leech

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stari. I protect you, you
protect yourself, you protect men. We're

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gonna hear this morning Donald Trump,
and the immunity case is going to be

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decided. And today is well,
let's just say, if you ever watched

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the Academy Awards, the last envelope
the winner for Best Picture is and that's

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where this case is coming down,
the most anticipated case that has come down

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this term, and it's massive.
Does Donald Trump have total immunity for any

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action that he did while he was
president, including trying to stop the election

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and the transfer of power over to
an elected official? Can he try to

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stop the transfer of power and to
shut down an election? And the Supreme

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Court said, might say, yep, he has the power as president to

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do that is where he is immune
from prosecution. Whether he has the power

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to do that is another issue.
Can he be prosecuted? And if the

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answer is no, then he can
do whatever the hell he wants because he

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can't be prosecuted. But isn't that
self stultifying? Isn't that the equivalent of

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saying I can't speak one word of
English? Not one doesn't the Act actually

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abolish itself, because if you were
to do that, then then you crush

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all democracy. Yes, that's the
very thing that gives you the power to

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do that. Yeah. The whole
point is, by definition is whoever is

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president and gets elected has the power
to do whatever he wants, for example,

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invalidate an elect So there is so
here you are as president, you

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lose the election, you invalidate the
election, do everything you can as president

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to stop the election, and you're
allowed to do that. Yes, that

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undermines democracy just a little bit.
Yeah, that's a scary part. Now

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is it going to go that far? I you know, I can't imagine

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that it would, And I don't
know if the court would do that.

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I assume the court's going to I
don't even know. Are they going to

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give him some limited immunity because at
this point, the president does he is

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treated as a private citizen. There's
certain things that are immune, but for

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the most part, no person is
above the law. And Trump's arguing is

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there is one person above the law. There is one person who is the

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law, and that is the president
and cannot be prosecuted for anything he does.

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That's so scary. Oh, it's
scary beyond all beliefs, and no,

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and it doesn't. And it's the
Republican the maga Republicans thinks that's the

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greatest thing in the world, that
he is the savior of democracy, that

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if he doesn't get elected, the
constitution gets blown up. Oh wait a

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second. The crazy thing is technically, if that decision comes down, then

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Biden can overthrow a win from Trump. That's a good point. Yeah,

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there's no there. You couldn't.
That's because Biden will be the president at

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the next election, and he has
the power to invalidate the election exactly.

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Well, you could, you could
have You could officially allow Biden to invalidate

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the next election, which could throw
everything now and then necessarily you're not necessarily

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invalidated. Just arrests all the electors, arrest the electoral College. Yeah this,

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I wow, Yeah, I know. It's pretty scary. All right,

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let's take a break. I will
see what the court say. This

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warning. I mean, we've taken
it to hyperbolic levels, we really have,

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but on a much I still it
is very scary under any circumstances to

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argue that one person is above the
law. Now, a couple of things.

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A president can't be indicted during the
course of a presidency. That is

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basically a given. You can't throw
a president in jail during the course of

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a presidency. All of that tolls. But the second there is no president,

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you know, alls, you're a
regular citizen, is what you are.

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You are a citizen of the United
States. When a president opens up

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one of his speeches and goes my
fellow Americans, which every president does,

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I mean implicit in that is,
hey, under the law, we are

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all citizens, well those of us
that are here legally. So anyway,

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Governor Newsom has signed what he's calling
a more fiscally responsible California budget. They

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cut about sixteen billion dollars in the
California budget, and he says that by

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doing this, you're still avoiding deep
program cuts while maintaining the budget for education

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and medicount expansion. They use a
part of the Rainy Day Fund. They

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cut out of the Rainy Day Fund
over the next two years to make these

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cuts. So that's how you do
it. You save up savings account,

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You go through your savings account,
and that's fiscally responsible because you're spending too

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much money. Okay, makes member. When we had a surplus. Oh,

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huge surplus, Yeah massive, that's
gone. Yeah. Well, because

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California's taxes, and first of all, we have programs that are crazy.

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I mean, the government, California
state government has never met a program it

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doesn't like. And because we have
the vast majority of revenue in California based

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on income tax income among the wealthy
people who pay all of it is very

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cyclical. Stock market goes down,
income drops because a lot of people make

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their money from stock options or stock
revenues dividends. You know. This is

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why you have these CEOs who make
a forty million dollars a year, Well,

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their base is a million or two
million dollars years their salary and the

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rest of it is all stock options
that they get. And so if the

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stock goes down in value, all
of a sudden, a thirty million dollar

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stock option becomes fifteen million dollars.
So a horrible way to run. It

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is a horrible way stay I know, But who am I just a fella?

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All right? Joe Biden's family is
encouraging the President to stay in the

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twenty twenty four race, keep fighting. They offered him their unequivocal support.

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They had this family gathering just yesterday
at Camp David. And they are horrible,

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horrible people. What the hell are
they doing? The guy, the

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guy is on his last leg.
Okay, now let me throw something out

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at you. Okay, because I
agreed. I mean, it was a

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disaster, But you're nervous. Uh, you're horrible at what you do.

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How many times, Neo, have
you interviewed someone who is bright together and

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gets nervous as hell in front of
a microphone. Oh that's fine. They're

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not. No, no, they're
not. They're not the president of the

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United I'm gonna go on. I'm
gonna go beyond that. No, no,

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I'm gonna go beyond that. And
now because he didn't come back or

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he lost his train of thought,
Okay, does that mean sitting in the

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Oval office? Do you want a
president that can react that quickly? Yeah,

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let's do this. Yeah absolutely.
Let me come up with something as

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opposed to a methodical, well reasoned
decision, much like what Barack Obama used

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to do. And he would never
overreact, just very very calm. Look

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at all sides. Donald Trump is
not a let's look at all sides.

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Talking about Donald Trump. No,
I'm saying about Joe Biden. No,

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no, but I do get he
is no longer home. Okay, you

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know, because he is not there. Okay, that was not Do you

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want that to be the face of
the because how many times when he was

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so he lost his train of thought, because he's so nervous, because he's

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in front of it, you're not
going to give him a break. That

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that's the United States. That was
not a bad day. Hey, it

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was a bad day. No,
I think it was a bad day.

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It was a bad day. This
is not This is not the way he

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acts. He's talking, is gone, and they are propping him up.

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And if he guid God forbid,
they would bring on the Luigia board and

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they would say, he's still looking
good. Did you see him the next

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day? It was like a total
like he was well rested, he was

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sharp, he was on top of
it. I think something was going on.

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I think Joe, I think he
had a bad day. I think

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you guys how I refer to my
seven year old. Oh he was cranky

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and crabby gets sleep. That is
not the president to his first debate against

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That is mechanical. I've been in
debates. That is mechanical. There are

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people that just don't debate. Well, there are people that just don't have

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debate to him debate before. This
is not a dumb man. I feel

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like you're voting for the presidential administration
as a whole. Yeah, I agree

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with you, not just the Do
you really believe? So let me ask

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you something. Do you believe that
when he gets on the phone with world

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leaders Unhu and Macrone and others,
he uh uh? What was I saying?

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Yea of thought, that's my fear. But it's never happened. You

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never heard and I were texting back
and forth about how horrible it is.

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He was freaked out. Horrible performance. The response was it is done.

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Okay, Well, everybody be the
case. Everybody the earthquake, he got

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a couple of billions. Here's the
question, Neil, do we need to

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see them again to compare? Do
we need to see them debate again?

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I don't think if I were Trump, I wouldn't get near another debate.

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He's got nothing, but he's nothing
except to lose on this one. He

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came out a winner on this and
he's going to stay a winner. And

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it's already the perception. Neil's perception
is now a good part of the of

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the electorate. This guy is doddering. He can't keep a straight he can't

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keep a straight fact in his head. And it's not a bad day that

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he had. Listen, I voted
for the guy I know. I won't

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vote for Trump. That's not who
I am. I'm just saying that.

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To sit here and to be apologist
for that, I apologizing. No one's

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apologizing. No apologist based on apologia, the Greek word that means to make

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a defense. You wing, not
just Neil. You and I are on

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the other side of this. I
think people can have bad days. I

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mean, I come here and there
are days when I am horrible, asking

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where Oh my god, what a
horrible day I've had. And then there

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are days when I have to ask
and we hear it. Now, that's

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the whole point. So and I
make my living doing this, and I

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have bad days, And if you
listen to me on a bad day,

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you will say, oh my god, how does this guy make a living?

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Well you say that every day anyway, All right, move on,

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let's move on. Neil, You're
wrong, I'm right, Let's move on,

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all right. Humanitarian workers have started
moving tons of aid that piled up

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at a US built here in Gaza
to the warehouses in the Palestinian territory.

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So apparently this is aid that they've
been waiting to move for quite some time.

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More than ten million pounds were moved
ashore, and it's about time.

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Yeah, even though that's a drop, I mean they need so much more

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than that. And that pier is
working. Uh, it's not working more

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than it is working in terms of
times, in terms of the time rough

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seas and say don't much. Yeah, they don't hold up. I know,

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three hundred million dollars but what's hundred
million dollars among friends? All right,

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far right National Rally party has taken
the lead in the first round of

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France's parliamentary elections just yesterday. Of
course this is a blow to Macron and

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his party and folks as well.
Ye Marine le Pen far right wing.

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She used to be considered fringe,
she her party not now just got the

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biggest number of votes. She could
very well be elected president of France.

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Thank you. Can you imagine do
one more for several Sure, several US

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military bases in Europe are on a
heightened state of alert, but we don't

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really know why. They're not saying
why several US military bases are on well,

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let's says they were put by the
force of Protection condition alert level of

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force protection condition, Charlie. Not
entirely sure what that means. If any

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military folks want to tell me,
it is the second highest state of alert.

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I guess that's what it means.
Yeah, it's like red yellow,

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except their names now their names.
Yeah, I was like, I'm confused

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by that name, but yeah,
there Apparently it applies when an incident occurs,

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or intelligence or received indicating something some
form of terrorist action is likely.

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Now, is that a female or
male terrorist action? Charlie. It's one

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of those names. Go either way. It could go either way. All

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right, pronunciation check on this if
I get it wrong. Hurricane Beryl,

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mharl isn't it burrel AyL Oh?
I'm country Maybe, I'm like, it's

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burrel here, Hurricane burrel near?
What's that? An alien hurricane barrel near

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the Caribbean? As like the in
category three storm and this is an unusually

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early start to hurricane season and it's
big too wake up to hear. This

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is up to a kurgate four category
that is dangerous, dangerous stuff. And

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you have the windward islands. You
got all those islands in the Caribbean.

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St. Lucia, and you've got
Saint Kitts, and you've got Puerto Rico.

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I mean, it's just, oh, I don't know if there you

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know, it's so anyway, we'll
see early strong congratulations. There is those

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such thing as climate change. Okay, all right. State Farm was looking

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to raise the rates in California by
thirty percent for homeowners and they asked for

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the rate increase, I believe on
Friday, and that comes on the heels

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of a recent rate hike of almost
twenty percent and they dropped many policy holders.

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So now they heard the go ahead. No, they have to go

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to the PUC or the insurance commissioner
to get those rates, and the insurance

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commissioner has to say yes, and
sometimes the insurance commissioner says no. And

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the insurance commissioners an all elected officials, so usually the consumer gets the break.

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Now, however, the insurance companies
are going, Okay, we don't

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get it. You know what,
we're leaving the state. You figure it

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out. And that's what happened with
three majors, one of which came back.

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So they're going to get their raise, And incidentally, I my homeowner's

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insurance at the Persian Palace. I
lapsed. I couldn't get another policy because

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my insurance company would not renew.
I was bare for two and a half

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weeks and I finally got it at
twice the premiums one hundred percent increase.

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So should we not be owning homes
in California anymore? It's you know,

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the gods are saying you can't afford
it, you won't be able to insuran,

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insure it. You know what I'm
going. Here's a great company idea.

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You sell big tents in the shape
of a house, so that when

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you lose your house, you still
have the property. You just put a

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tent up. That's crazy tents in
California, you know, especially if they're

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filthy. Yeah, that's one of
the reasons I bailed out of the Persian

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Palace. It's a big reason.
You know. I told my kids,

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you know what, and I got
rid of my kids. I said,

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okay, you have Okay, you're
forty three years old. Now it's time

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for you to leave the house.
Not quite. Your kids are the unhoused.

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That's sad. Yeah, I'm justice. I have to rename my kids.

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One I'm going to rename to Albatross, the other one to Anchor Failure

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to Launch. The Justice Department was
poised yesterday to offer Boeing a plea agreement.

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This is, of course, to
resolve the criminal charge over the two

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fatal seven thirty seven Max crashes,
some three hundred and forty six people killed

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overseas. Relatives, obviously of the
victims are not happy. They slammed the

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proposal and are urging a federal judge
to reject it as a sweetheart deal.

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We don't know what the deal is. It's probably going to be Boeing agreeing

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00:23:06.759 --> 00:23:14.480
to accept a criminal charge. Corporations
can be criminally liable, although they all

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they can do is be fined.
You know, they can't put a corporation

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00:23:17.519 --> 00:23:22.640
in jail, and so we'll see
what the exactly what the fine was,

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and then what they have to do
with what the company has to do to

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ameliorate the situation. Boeing, for
example, may be limited to building theme

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park rides and that's the extent of
it. We don't know at this point

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00:23:36.079 --> 00:23:38.759
what the deal is and what's going
to happen. More Boeing news here.

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00:23:38.839 --> 00:23:45.400
Boeing has agrees to buy Spirit Aerosystems, one of its major suppliers and manufacturing

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partners, as part of its plan
to overhaul the aircraft's well their reputation.

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It's an all stock deal that values
the supplier at four point seven billion dollars

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00:23:56.680 --> 00:24:00.319
and March announced. In March,
Boeing announced their intention to do this,

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00:24:00.480 --> 00:24:06.440
saying recombining the companies would boost safety. Okay, look, well look at

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00:24:06.440 --> 00:24:11.000
the figures. In two thousand and
five, Boeing spins off this manufacturing division

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of fuselage making to a separate company, Spirit, and that company Boeing got

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nine hundred million dollars for it,
is now buying it back for eight point

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00:24:23.839 --> 00:24:30.720
three billion dollars. How's that for
a deal? Not a good deal?

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00:24:32.000 --> 00:24:36.759
No, they've had a rough time
lately. Well yeah, those well,

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00:24:36.799 --> 00:24:44.000
those fuselages are falling apart because Boeing
and Spirit just are bean counters. Safety

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00:24:44.079 --> 00:24:47.359
is not, even though they argue, oh, safety is our biggest priority.

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00:24:47.400 --> 00:24:52.640
What a crock that is? It's
they've gone their aerospace divisions doing well.

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00:24:52.799 --> 00:24:56.519
Hell oh, oh that's right you're
talking about Yes, that's true you

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00:24:57.799 --> 00:25:00.720
hey, yeah, this is the
this is your team on the space dage

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00:25:00.759 --> 00:25:04.359
you guys gonna come get us.
So we're gonna be up there and possibly

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00:25:04.400 --> 00:25:10.000
for months. They're gonna be up
there because I didn't bring enough reading material.

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00:25:10.240 --> 00:25:15.039
Now they're arguing it's perfectly safe for
them to come down, but they

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have some issues with the thrusters and
none of it particularly life threatening, and

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00:25:22.359 --> 00:25:26.720
choosing to study it because if they
bring it down, they won't be able

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00:25:26.759 --> 00:25:30.400
to figure out what's wrong. Yeah, that's believable. And you know why

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00:25:30.400 --> 00:25:37.680
that's believable because it's Boeing and what
Boeing says. Boeing does when they say

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it's perfectly safe and doors do not
fly off the fuselage in mid air,

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I believe them. That's like the
one thing. Keep the wheels on and

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00:25:48.960 --> 00:25:51.400
the doors. Oh yeah, wheels
come off. Yeah, I know,

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00:25:51.440 --> 00:25:52.839
it's just crazy, all right,
I think we can do one more.

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00:25:53.319 --> 00:25:59.599
All right, to the eternally homeless
looking Steve Bannon, a formal Donald Trump

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00:26:00.039 --> 00:26:03.960
White House strategist, to set the
report to federal prison in Danbury, Connecticut

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00:26:04.000 --> 00:26:11.519
today and he will be beginning a
four month sentence for defying a congressional subpoena

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00:26:11.880 --> 00:26:15.839
and not bathing. No, that
last part I made up and he's still

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00:26:15.880 --> 00:26:22.640
on the phone with Trump and he
is arguing and is going in to prison

335
00:26:22.799 --> 00:26:27.400
as a martyr. You will hear
former President Trump talked to him as a

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00:26:27.480 --> 00:26:33.640
hostage and a martyr. Because the
Justice Department has been weaponized, and this

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00:26:33.720 --> 00:26:37.599
proves it. You see contempt of
Congress, this proves it. Almost nobody

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00:26:37.640 --> 00:26:41.640
goes to jail for contempt of Congress. By the way, refusing to turn

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00:26:41.759 --> 00:26:48.559
over documents that he argued were part
of executive privilege that Trump had declared,

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00:26:49.000 --> 00:26:55.480
and the court said, no,
it didn't work that way. Hey,

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00:26:55.559 --> 00:27:00.119
we do firsts here? What is
going on in North Korea? Looks like

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00:27:00.200 --> 00:27:04.920
they are firing more test missiles,
two ballistic missiles, one of them possibly

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00:27:04.960 --> 00:27:10.519
flew abnormally, Joint chiefs of Staff
said in a statement. The missiles were

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00:27:10.559 --> 00:27:17.440
launched ten minutes apart towards the town
a town in North Korea from the town

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00:27:17.480 --> 00:27:21.519
excuse me, in southeastern North Korea. So I don't know what they're doing

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00:27:21.559 --> 00:27:25.079
over there. Why we should This
honestly makes me nervous as well, But

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00:27:25.160 --> 00:27:27.519
we don't talk about it. It
shouldn't. It shouldn't because it happens every

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00:27:27.559 --> 00:27:36.519
time there is a military exercise with
South Korea, which happens constantly. There's

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00:27:36.559 --> 00:27:41.000
an annual huge one, and every
time that happens, the North reacts because

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00:27:41.119 --> 00:27:48.359
this is a basically is a anticipation
of a war that the West, the

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00:27:48.440 --> 00:27:52.680
United States, South Korea, Japan, they're part of it, and Taiwan

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00:27:52.920 --> 00:27:56.680
and they're all lining up to attack
North Korea and start a war. And

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00:27:56.759 --> 00:28:02.599
North Korea always says the same thing, in anticipation of a war, these

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00:28:03.279 --> 00:28:08.000
massive foreign armies are going to attack
us, and we have to defend ourselves.

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00:28:08.039 --> 00:28:14.240
Every single year it happens, so
they're just constantly preparing for this next

356
00:28:14.240 --> 00:28:17.519
one constantly. Should also be constantly
preparing for that? Do you think they

357
00:28:17.680 --> 00:28:22.680
might? We're constantly preparing, except
the differences. We're not going to invade

358
00:28:22.000 --> 00:28:26.559
the way they portray it is,
we are on the verge of invading North

359
00:28:26.680 --> 00:28:32.200
Korea, and they have to have
this defense of posture. That's how they

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spent eighty percent or whatever percent of
their GDP on defense. People starve.

361
00:28:37.759 --> 00:28:42.720
I feel never hear stories though about
you know the US is firing missiles.

362
00:28:45.359 --> 00:28:47.480
No, we do. No,
I don't think we do. I don't

363
00:28:47.480 --> 00:28:51.759
think we do missiles, but I
think we do exercises, amphibious landings and

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00:28:52.119 --> 00:28:56.319
we do air the air force and
bombings. Yeah, we do that every

365
00:28:56.359 --> 00:29:03.000
year. There's massive exercises and tracts. Was it a poop filled balloon warhead

366
00:29:03.160 --> 00:29:07.759
or yeah? Good point? All
right. So Facebook, the parent company

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00:29:07.839 --> 00:29:12.400
Meta, has been accused of breaking
Europe's new digital competition rules over its pay

368
00:29:12.519 --> 00:29:19.599
or consent advertising model. And this
is that that sub subscription for no ads

369
00:29:19.680 --> 00:29:26.440
model that they have and you can
pay what would be the equivalent in American

370
00:29:26.480 --> 00:29:30.759
dollars fourteen bucks a month for ad
free versions. But you only have one

371
00:29:30.880 --> 00:29:34.839
other option, and that is to
accept versions with personalized ads, which means

372
00:29:34.839 --> 00:29:40.319
they're taking your information. Here's the
problem with doing business in the EU.

373
00:29:41.079 --> 00:29:45.640
They don't have the concept the First
Amendment constitutional rights, which is being argued

374
00:29:45.680 --> 00:29:52.640
by the major platforms here court cases
going up and down. The European Union

375
00:29:52.799 --> 00:29:56.599
has the strictest rules. Now,
this is a block of six hundred and

376
00:29:56.640 --> 00:30:00.920
fifty million people. They're twenty eight
countries and in the European Union, I

377
00:30:00.920 --> 00:30:07.160
think it's thirty something that are part
of the EU. Their rules are so

378
00:30:07.839 --> 00:30:15.880
strict you screw with them. For
example, the EU will be can be

379
00:30:15.039 --> 00:30:18.960
hit with a fine. Medic can
be hit with a fine of ten percent

380
00:30:19.039 --> 00:30:26.440
of its global annual revenue. Ten
percent of global revenue. That is not

381
00:30:26.799 --> 00:30:32.079
a you know, one billion,
two billion dollar fine. That's effectively couch

382
00:30:32.240 --> 00:30:37.519
money that you find between the cushions
or several hundred million. This is massive.

383
00:30:37.880 --> 00:30:45.480
The alternative is you don't operate in
Europe. That and Europe being the

384
00:30:45.640 --> 00:30:51.200
entire EU. That is no small
hit. I mean their environmental rules.

385
00:30:51.240 --> 00:30:55.559
I mean it is really tough in
Europe. I'm a little surprised they're not

386
00:30:55.720 --> 00:30:57.319
doing something similar to that here in
the US, or maybe they aren't.

387
00:30:57.359 --> 00:31:00.359
I just have no first Amendment,
no first amendments. We will do that.

388
00:31:00.720 --> 00:31:03.720
Yeah, first Yeah, it just
goes creat. We have this whole

389
00:31:03.799 --> 00:31:08.319
thing we're going with the courts.
We have this stupid first Amendment rule that

390
00:31:08.880 --> 00:31:14.480
I don't understand. I don't understand
this constitution. I just don't get it,

391
00:31:14.599 --> 00:31:19.559
am I Right? So what about
the Constitution? What were those fellows

392
00:31:19.680 --> 00:31:25.359
thinking? Yeah? All right,
so this is admittedly a big blind spot

393
00:31:25.400 --> 00:31:29.440
for me in terms of like my
depth of knowledge, but I'm going to

394
00:31:29.519 --> 00:31:33.680
try to I want your insights on
this. So several top us banks are

395
00:31:33.759 --> 00:31:38.960
hiking dividends. Apparently, these bank
announced their plans to raise their third quarter

396
00:31:40.039 --> 00:31:45.559
dividends after proving they have enough capital
to withstand severe economic and market turmoil.

397
00:31:45.000 --> 00:31:49.640
Yeah, these are reserves that the
banks have to have, and the reserves

398
00:31:49.640 --> 00:31:56.359
were very low, and there was
a meltdown during the Great Recession, where

399
00:31:56.680 --> 00:32:02.000
had not the government come in and
oppt up these banks by giving them billions

400
00:32:02.039 --> 00:32:07.160
and billions of dollars, the banks
would have failed. This is back in

401
00:32:07.200 --> 00:32:09.799
two thousand and eight. Pardon,
this was back in two thousand and eight,

402
00:32:09.880 --> 00:32:14.640
right, Yeah, And this was
when it was said. That was

403
00:32:14.720 --> 00:32:16.119
when no, no, no,
was that in two thousand and eight.

404
00:32:16.119 --> 00:32:20.559
When was George W. Bush.
He's the one that did it. When

405
00:32:20.559 --> 00:32:24.440
he was president he was Yeah,
I think it was George Bush. That's

406
00:32:24.480 --> 00:32:30.599
the last part of his tenure.
And the rules change and the government,

407
00:32:30.680 --> 00:32:34.920
the FDIC particularly, said you don't
have enough money in reserves in the event

408
00:32:35.039 --> 00:32:38.319
that there is a financial melt down, you have to have more reserves.

409
00:32:38.880 --> 00:32:43.839
Well, the banks, well,
now the government says you don't have as

410
00:32:43.960 --> 00:32:49.240
much. There are enough guard rails. And so as soon as that happened,

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00:32:50.000 --> 00:32:54.000
dividends were issued like crazy from these
banks because they didn't have to put

412
00:32:54.039 --> 00:32:59.799
aside the money. And they're not
only giving dividends to shareholders, they're now

413
00:33:00.039 --> 00:33:04.119
eyeing back the stock. And so
that's what's about. How much money you

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00:33:04.200 --> 00:33:07.119
had, how much money the banks
have to have in the bank for rainy

415
00:33:07.200 --> 00:33:12.119
days. That's effectively what this is. So does that help? We're cutting

416
00:33:12.200 --> 00:33:15.440
our rainy day fund, but the
banks are being too, That's correct,

417
00:33:15.119 --> 00:33:17.799
they're also cutting They're also cutting their
rainy day funds. You don't need as

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00:33:17.839 --> 00:33:21.359
much, I guess with stuff like
this, I always want to know how

419
00:33:21.359 --> 00:33:24.160
does this affect me the consumer,
the everyday person, Like why you know

420
00:33:24.240 --> 00:33:30.000
why bank rates? Bank rates are
going up because they have more money and

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00:33:30.039 --> 00:33:34.680
they're going to make more money.
So and they're allowed because there's usually doesn't

422
00:33:34.720 --> 00:33:37.480
exist anymore. So bank can charge
whatever they want. And it just means

423
00:33:37.480 --> 00:33:42.359
your credit card is going I don't
think it really affects your particular credit or

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00:33:42.440 --> 00:33:45.960
mind. It just says because I
don't know how much more the banks can

425
00:33:45.039 --> 00:33:50.559
charge an interest, especially for credit
card debt. All right, I could

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00:33:50.599 --> 00:33:52.119
go on and on, By the
way, if that helped you at all,

427
00:33:52.319 --> 00:33:54.680
understand, And just to let you
know, I made most of that

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00:33:54.799 --> 00:33:59.240
up as I usually do. Yeah, all right, and you have no

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00:33:59.359 --> 00:34:02.599
case. You have no case.
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00:34:02.599 --> 00:34:07.640
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