WEBVTT 1 00:00:00.480 --> 00:00:04.360 You're listening to Bill Handle on demand from KFI AM 2 00:00:04.400 --> 00:00:05.280 six forty. 3 00:00:06.120 --> 00:00:06.960 Bill Handle Here. 4 00:00:07.080 --> 00:00:12.039 It is a Thursday morning, March sixth Some of the 5 00:00:12.039 --> 00:00:16.679 big stories we are looking at right now. European leaders 6 00:00:16.800 --> 00:00:22.480 are scrambling as we're closer, that is the United States, 7 00:00:22.480 --> 00:00:25.879 we are closer and closer to well just not just 8 00:00:26.160 --> 00:00:30.320 a rift, but almost a separation from a very close 9 00:00:30.760 --> 00:00:36.600 allied relationship. It's well thing I say is just switching gears. 10 00:00:36.679 --> 00:00:40.679 Under a President Trump, we're becoming an isolationist country America first, 11 00:00:40.719 --> 00:00:42.759 which is very very different than what we have been 12 00:00:42.799 --> 00:00:46.200 since World War Two. And the President has issued what 13 00:00:46.280 --> 00:00:49.359 he called a last warning to Hamas released the hostages. 14 00:00:50.520 --> 00:00:53.320 I'm sending Israel everything it needs to finish the job. 15 00:00:53.520 --> 00:00:56.520 This is what he posted. Not a single Hamas member 16 00:00:56.520 --> 00:00:58.119 will be safe if you don't do as I say. 17 00:00:59.200 --> 00:01:02.200 So if they don't think he's serious, what he's going 18 00:01:02.280 --> 00:01:05.120 to do is let just let Israel go for it. 19 00:01:05.239 --> 00:01:08.280 Let the leash go all right, Joel Large Guard. 20 00:01:08.359 --> 00:01:11.000 Every Thursday, we have Joel a host of how to 21 00:01:11.120 --> 00:01:13.519 Money Sundays from twelve to two pm. 22 00:01:13.799 --> 00:01:19.480 His social address is at how to Money. Joel. Good Morning, Joel, 23 00:01:19.840 --> 00:01:20.599 Morning Bill all. 24 00:01:20.640 --> 00:01:24.000 Right, we've been talking about tariffs now this entire week. 25 00:01:25.040 --> 00:01:28.840 It has been a seesaw with the President saying tariffs 26 00:01:28.840 --> 00:01:34.560 are kicking in, then saying hold off on instituting tariffs, 27 00:01:35.159 --> 00:01:37.760 and then the last day he goes, nope, I'm going 28 00:01:37.840 --> 00:01:41.599 back in on tariffs. And you've got tariffs of twenty 29 00:01:41.599 --> 00:01:45.079 five percent that are hitting Canada, Mexico, twenty percent in China. 30 00:01:45.640 --> 00:01:48.640 Except because the car industry was going to be affected 31 00:01:48.680 --> 00:01:52.519 first and foremost and the heaviest between Canada and Mexico 32 00:01:52.560 --> 00:01:54.879 and the United States, which is they're so interlaced. 33 00:01:56.120 --> 00:01:59.000 He said, Okay, we'll hold that off for a month. 34 00:01:59.359 --> 00:02:03.719 So as that as an introduction, let's go talk about 35 00:02:04.319 --> 00:02:06.120 spending in relationship to tariffs. 36 00:02:06.200 --> 00:02:09.400 What's going on, Joel, Yeah, So, well, it's amazing how 37 00:02:09.599 --> 00:02:12.919 just kind of the general economic consensus on tariffs has 38 00:02:13.599 --> 00:02:16.240 been has kind of been swept under the rug right now, 39 00:02:16.360 --> 00:02:19.680 and we are seeing I think the tariff idea is 40 00:02:19.759 --> 00:02:21.800 just it's not a good one and it's going to 41 00:02:21.879 --> 00:02:24.319 have impacts. We're already seeing that shakeout in the economy, 42 00:02:24.360 --> 00:02:29.280 even predictions of stagflation starting to resurface. But I think 43 00:02:29.319 --> 00:02:32.879 what Americans are seeing they're starting to be fearful. They're 44 00:02:33.280 --> 00:02:37.240 nervous about what tariff implementation means and the predictions of 45 00:02:37.319 --> 00:02:41.800 higher prices because those inevitably materialize in an economy where 46 00:02:41.840 --> 00:02:45.240 tariffs are instituted. And so CNBC just had this this 47 00:02:45.319 --> 00:02:47.680 survey and they found that the more Americans one in 48 00:02:47.800 --> 00:02:51.400 five are are so called doom spending, and so people 49 00:02:51.439 --> 00:02:54.400 are saying, well, higher prices are likely around the corner, 50 00:02:54.879 --> 00:02:58.000 So I might as well just like buy extra now, 51 00:02:58.680 --> 00:03:01.560 because I'm concerned that if if I hold off and 52 00:03:01.639 --> 00:03:04.560 by that thing weeks later or months later, it's going 53 00:03:04.639 --> 00:03:05.960 to cost a heck of a lot more because of 54 00:03:06.000 --> 00:03:07.319 these incoming tariffs. 55 00:03:07.599 --> 00:03:10.240 It's let me give you a quick story if I can, 56 00:03:10.319 --> 00:03:14.280 because I have experienced that firsthand. As you know, I'm 57 00:03:14.319 --> 00:03:17.039 Brazilian or I was born in Brazil, and so in 58 00:03:17.080 --> 00:03:19.680 my younger days, i'd go to Brazil quite often. And 59 00:03:19.800 --> 00:03:22.400 I went down there once in the time of hyper inflation, 60 00:03:23.240 --> 00:03:27.479 much like Weimar Germany, when loaf of bread would cost 61 00:03:27.599 --> 00:03:32.680 you a barrel full of money, where the paper itself 62 00:03:32.719 --> 00:03:35.840 costs more than the money was worth. And so I 63 00:03:35.879 --> 00:03:40.919 was in Brazil and visiting family, and that's what was happening. 64 00:03:40.919 --> 00:03:44.919 Inflation was so I mean wiped out savings, I mean 65 00:03:45.120 --> 00:03:46.240 pensions were wiped out. 66 00:03:46.280 --> 00:03:47.840 The only thing to buy is hard goods. 67 00:03:48.479 --> 00:03:54.159 And in the morning you saw a price of whatever, 68 00:03:54.199 --> 00:03:59.360 a refrigerator or a bag of oranges. By the afternoon 69 00:03:59.719 --> 00:04:03.439 the ices had risen five or ten percent. And so 70 00:04:03.599 --> 00:04:07.479 that's exactly what happened. Every dying people had was going 71 00:04:07.520 --> 00:04:10.759 into hard goods, and it was a disaster for the 72 00:04:10.800 --> 00:04:12.599 country until it was able to come out of it. 73 00:04:12.879 --> 00:04:15.680 And what you're saying is we may reach that point, 74 00:04:15.719 --> 00:04:18.360 not hyperinflation, of course, not like yeah, but. 75 00:04:18.959 --> 00:04:21.720 No, certainly not that. But we've never experienced something like 76 00:04:21.759 --> 00:04:23.839 that in our c I mean, think about just even 77 00:04:24.920 --> 00:04:29.639 how people have reacted to increased inflation that is nothing 78 00:04:29.800 --> 00:04:32.279 like what many of the South American countries like Brazil 79 00:04:32.319 --> 00:04:36.240 have experienced over the past few years post COVID, and 80 00:04:36.600 --> 00:04:39.439 how much how difficult that was for consumers to endure, 81 00:04:39.639 --> 00:04:43.199 and how that led to essentially a political revolution to 82 00:04:43.240 --> 00:04:47.720 a certain extent, knocking out the last administration. People wanted 83 00:04:47.720 --> 00:04:50.839 to change. And it's because inflation is such a difficult 84 00:04:50.879 --> 00:04:53.279 thing to endure, and it's again it's nowhere near what 85 00:04:53.319 --> 00:04:56.600 you experienced in Brazil. But and then the other thing 86 00:04:56.680 --> 00:04:58.480 that it causes there is this sort of like self 87 00:04:58.480 --> 00:05:01.759 fulfilling prophecy where people BELI leave that prices are going 88 00:05:01.800 --> 00:05:05.439 to go up. Then they start to act in that 89 00:05:05.480 --> 00:05:08.360 way by buying more stuff, by by pre purchasing things 90 00:05:08.360 --> 00:05:10.959 that they would have otherwise held held off on buying. 91 00:05:11.360 --> 00:05:15.240 And then that leads to guess what, the cycle continuing. 92 00:05:14.879 --> 00:05:19.279 Right, higher prices, That's right, demand demand increases, the more demand, 93 00:05:19.360 --> 00:05:22.399 the more the prices can be asked for, and it 94 00:05:22.480 --> 00:05:23.120 is a cycle. 95 00:05:23.639 --> 00:05:26.160 That's why, like the economists and the FED are always 96 00:05:26.199 --> 00:05:31.040 looking towards inflation expectations that consumers have because they want 97 00:05:31.040 --> 00:05:32.720 to quell that. They're like, Okay, inflation might be a 98 00:05:32.720 --> 00:05:34.959 little out of control, but what do people think inflation 99 00:05:35.040 --> 00:05:37.560 is going to be a year from now? And if 100 00:05:37.600 --> 00:05:39.720 that number takes higher, that's when they really start to 101 00:05:39.759 --> 00:05:42.360 freak out, because if people expect it, that's when they 102 00:05:42.360 --> 00:05:44.360 start to change their habits. And so I just want 103 00:05:44.439 --> 00:05:46.639 people to know that, yes, we are kind of in 104 00:05:46.759 --> 00:05:50.879 a period of economic uncertainty right now, with tariffs, with 105 00:05:50.920 --> 00:05:54.680 inflation still not fully resolved, and I don't I just 106 00:05:54.720 --> 00:05:58.360 want people to be careful about buying more stuff now 107 00:05:58.600 --> 00:06:02.199 because they're expecting price to be higher. I think that 108 00:06:02.399 --> 00:06:05.439 is a recipe, especially especially if you're taking on debt 109 00:06:06.079 --> 00:06:09.399 to buy those goods or to buy those services. Be 110 00:06:09.560 --> 00:06:13.040 careful because I would rather see people save more, and 111 00:06:13.040 --> 00:06:16.199 I would rather see people continue to invest to grow 112 00:06:16.240 --> 00:06:18.639 their net worth and not say, let me just go 113 00:06:18.720 --> 00:06:20.560 out there and rack up more credit card debt and 114 00:06:20.560 --> 00:06:22.399 buy more stuff because it's going to get more expensive. 115 00:06:22.600 --> 00:06:25.279 Because you know, especially with where credit card interest rates 116 00:06:25.319 --> 00:06:27.439 are right now, if you're putting it on the credit card, 117 00:06:27.720 --> 00:06:30.120 it's still a really bad financiview. 118 00:06:30.279 --> 00:06:35.560 The other side of the coin is that is anything 119 00:06:35.600 --> 00:06:38.199 you can pay for that is a fixed rate, a 120 00:06:38.240 --> 00:06:41.000 mortgage payment that's fixed at two point eight percent or 121 00:06:41.000 --> 00:06:45.600 even three point five percent, or a car payment, then 122 00:06:45.639 --> 00:06:49.040 what happens is inflation helps you because it. 123 00:06:49.000 --> 00:06:51.480 Becomes cheaper and cheaper and cheaper. 124 00:06:51.639 --> 00:06:54.560 By the way, we're a thirty six trillion dollar debt 125 00:06:54.639 --> 00:06:57.600 national debt. The only way we're ever going to be 126 00:06:57.600 --> 00:07:00.079 able to deal with it is inflate ourselves out of it. 127 00:07:00.079 --> 00:07:03.720 It may take it may take one hundred years, but 128 00:07:03.959 --> 00:07:04.959 that's what's going to happen. 129 00:07:05.519 --> 00:07:07.439 Yeah, and I think you make a good point, which 130 00:07:07.480 --> 00:07:09.560 is which is why too when when I get asked 131 00:07:09.560 --> 00:07:15.439 the question about paying off mortgage debt, my advice is 132 00:07:15.639 --> 00:07:18.839 it's it depends on what your mortgage det looks like, right, 133 00:07:18.839 --> 00:07:21.120 But for the vast majority of people they have that 134 00:07:21.240 --> 00:07:24.000 upper two s lower three sort of mortgage debt hanging around, 135 00:07:24.199 --> 00:07:26.720 they can earn more by sticking that money in a 136 00:07:26.759 --> 00:07:29.920 savings account. If you're comparing, you know, paying off mortgage 137 00:07:29.920 --> 00:07:32.480 debt versus buying more stuff, then pay off the debt. 138 00:07:32.480 --> 00:07:34.680 But if we're talking about that, they're just more productive 139 00:07:34.680 --> 00:07:37.000 things you can do with your money, even non risky stuff. 140 00:07:37.079 --> 00:07:39.519 Yeah, of course the problem is do people put away 141 00:07:39.519 --> 00:07:42.800 that money and invest it? Nobody does or very few 142 00:07:42.959 --> 00:07:45.839 or very few people do. Yeh, behavioral problem, No kidding, 143 00:07:45.879 --> 00:07:50.839 all right, uh, Joel. Student loan borrowers are kind of spinning. 144 00:07:50.879 --> 00:07:52.680 What's going on? I mean there are two groups of 145 00:07:52.680 --> 00:07:58.600 people that are spinning. Three groups. One illegal migrants not 146 00:07:58.720 --> 00:08:04.360 doing well, two federal workers not sleeping well. Student loan 147 00:08:04.439 --> 00:08:06.879 borrowers not so good either. What's going on? 148 00:08:08.720 --> 00:08:10.680 This has been one of those things that's been tied 149 00:08:10.759 --> 00:08:15.560 up in the courts, and there was just another ruling 150 00:08:15.680 --> 00:08:18.680 recently that the SAVE Plan, which was like the really 151 00:08:18.720 --> 00:08:21.959 really generous repayment plan that the Biden administration instituted. You know, 152 00:08:22.000 --> 00:08:25.560 they tried to kind of create blanket student loan forgiveness, 153 00:08:25.560 --> 00:08:27.720 at least up to a certain point. That failed, and 154 00:08:27.720 --> 00:08:29.439 then they were like, well, let's do forgiven us by 155 00:08:29.480 --> 00:08:33.039 another name. Let's institute a new repayment plan that creates 156 00:08:33.039 --> 00:08:35.879 a much shorter timeline to forgive us and essentially brings 157 00:08:35.919 --> 00:08:39.279 down payments substantially for borrowers. And that also has not 158 00:08:39.480 --> 00:08:42.639 stood stood the test of time in the courts. And 159 00:08:42.919 --> 00:08:46.519 so right now, man, student loan borrowers are in this 160 00:08:46.720 --> 00:08:49.960 massive limbo space where maybe they have signed up for 161 00:08:50.000 --> 00:08:52.320 the Save Plan and now it's in limbo. They're not 162 00:08:52.360 --> 00:08:55.279 sure what's going to happen. And you can't even go 163 00:08:55.360 --> 00:08:58.519 on the Department of Education's website at this point and 164 00:08:58.840 --> 00:09:02.960 switch to another forgiveness or another excuse me, student loan 165 00:09:03.000 --> 00:09:06.759 repayment plan. And so there are a lot of folks 166 00:09:06.759 --> 00:09:09.759 out there who are kind of not sure how to proceed, 167 00:09:10.639 --> 00:09:12.840 and there are a lot of borrowers, especially because we 168 00:09:12.840 --> 00:09:14.960 think about how long we punted student loan payments for 169 00:09:15.000 --> 00:09:17.720 basically three and a half years, who aren't used to 170 00:09:17.759 --> 00:09:20.799 that in their budget, and now they're like, they're like, 171 00:09:20.840 --> 00:09:22.960 oh crap, I have to start paying my student loans again. 172 00:09:23.120 --> 00:09:24.080 They're not used to it. 173 00:09:24.200 --> 00:09:26.679 And a lot of people have not been paying their 174 00:09:26.679 --> 00:09:30.039 student loan balances to the tune of millions of people, 175 00:09:30.080 --> 00:09:32.399 it seems like. And we're seeing more and more people 176 00:09:32.799 --> 00:09:36.559 see credits score drops because they're not making on time payment. 177 00:09:36.600 --> 00:09:41.600 Trains themar student loans are concerned the moratorium on paying 178 00:09:41.639 --> 00:09:47.279 them does interest a crew or everything was put on 179 00:09:47.360 --> 00:09:50.440 hold until students could start paying back their loan. 180 00:09:51.240 --> 00:09:53.600 Yeah, everything was put on hold essentially for those for 181 00:09:53.639 --> 00:09:56.399 those three and a half years. And even people think 182 00:09:56.440 --> 00:10:01.080 about people in the Public Service Student Loan Plan, those 183 00:10:01.159 --> 00:10:03.480 are in PSLF. Those folks in particular are made out 184 00:10:03.519 --> 00:10:06.759 like bandits because they weren't paying a dime, and yet 185 00:10:06.799 --> 00:10:09.000 every single month that they weren't paying a dime was 186 00:10:09.080 --> 00:10:13.320 counting towards that forgiveness timeline of ten years, and so 187 00:10:13.519 --> 00:10:17.320 that was like for those people, it was incredible and 188 00:10:17.840 --> 00:10:20.000 a lot of people did really well under those times. 189 00:10:20.120 --> 00:10:23.080 What I said, the whole time for every single month 190 00:10:23.159 --> 00:10:25.799 essentially for all of those years was make sure to 191 00:10:25.879 --> 00:10:27.720 carve out that amount of money that's going towards your 192 00:10:27.720 --> 00:10:30.960 student loans, sticking into savings. If you're doing well with savings, 193 00:10:31.159 --> 00:10:34.159 invest some of it, payoff debt, do productive things so 194 00:10:34.200 --> 00:10:36.000 that you come out of this three and a half 195 00:10:36.120 --> 00:10:39.080 years ahead, so that you've made financial progress. A lot 196 00:10:39.080 --> 00:10:41.200 of people didn't do that. They factored that their spending, 197 00:10:41.240 --> 00:10:43.000 and it makes sense because prices were going up to 198 00:10:43.120 --> 00:10:45.360 inflation was hitting people hard, and they're like, great, I 199 00:10:45.360 --> 00:10:47.159 don't have a student loan now that I can afford at. 200 00:10:47.159 --> 00:10:48.840 Least to put that towards my bills. 201 00:10:49.120 --> 00:10:51.440 But then they didn't have any sort of financial cushion 202 00:10:51.799 --> 00:10:53.879 on the backside, and a lot of people are in 203 00:10:54.000 --> 00:10:55.799 a much harder position when it comes to paying their 204 00:10:55.840 --> 00:10:57.039 student loan debt right now. 205 00:10:57.320 --> 00:11:01.720 Now, are we only talking about federal student loans where 206 00:11:01.720 --> 00:11:05.440 the government has loan money, or these are private loans 207 00:11:06.039 --> 00:11:08.519 where the government guarantees that money. 208 00:11:08.879 --> 00:11:11.480 So these are we're talking about federal student loans. There 209 00:11:11.519 --> 00:11:14.600 are private student loans, they're just they're just a fraction 210 00:11:14.679 --> 00:11:17.960 of the overall student loan market. Though, and some people, 211 00:11:17.960 --> 00:11:21.799 if they refinanced at the right time, they have incredibly 212 00:11:21.799 --> 00:11:24.519 low rate on their student loans because they because they 213 00:11:24.519 --> 00:11:27.120 took it, they took them away from being federal and 214 00:11:27.159 --> 00:11:30.200 they refinanced them into a private student loan. But those 215 00:11:30.240 --> 00:11:33.399 also don't come with the same benefits, and you don't 216 00:11:33.440 --> 00:11:36.600 have the option to enroll in one of these income 217 00:11:36.679 --> 00:11:40.120 based repayment plans. But then again, federal borrows right now 218 00:11:40.519 --> 00:11:44.919 can't really opt into one of these different income based 219 00:11:44.919 --> 00:11:48.240 repayment plans either, because the Department of Education is essentially 220 00:11:48.240 --> 00:11:51.240 taking that off the website, and so it's a really 221 00:11:51.279 --> 00:11:53.600 awkward position to be in as a student loan borrow. 222 00:11:53.639 --> 00:11:57.360 I think when it comes to talking to parents of 223 00:11:57.559 --> 00:12:01.919 kids who are getting close to going to college, I 224 00:12:01.919 --> 00:12:04.240 think it's even more important than ever to say, be 225 00:12:04.320 --> 00:12:06.879 careful how much date you take out. We don't know 226 00:12:06.919 --> 00:12:08.799 what the student loan space is going to look like 227 00:12:08.919 --> 00:12:12.200 in the coming years, and I just worry, you know, 228 00:12:12.279 --> 00:12:15.279 about people taking on so much student loan debt and 229 00:12:15.320 --> 00:12:17.879 then they're not being some sort of generous plan to 230 00:12:17.960 --> 00:12:20.200 help you pay that off or to find forgiveness. We 231 00:12:20.320 --> 00:12:23.000 just don't know where income based re payment plans are 232 00:12:23.039 --> 00:12:23.720 going to go from here. 233 00:12:23.840 --> 00:12:25.559 Yeah, and I guess for those of you that want 234 00:12:25.600 --> 00:12:28.080 to be a doctor, by the way, and get into 235 00:12:28.080 --> 00:12:31.240 a specialty, and maybe get into a super specialty being 236 00:12:32.399 --> 00:12:36.519 a going through a fellowship, be prepared for six seven 237 00:12:36.600 --> 00:12:39.080 hundred thousand dollars of student loan. It's going to be 238 00:12:39.080 --> 00:12:44.080 wonderful real quickly. For the affordabilities are what is that? 239 00:12:44.159 --> 00:12:45.879 And are we getting one? 240 00:12:46.240 --> 00:12:48.879 So it sounds like there's this new government position that's 241 00:12:48.919 --> 00:12:52.159 just been created. And you know, a czar for everything 242 00:12:52.200 --> 00:12:55.120 these days, but now there's going to be somebody appointed 243 00:12:55.159 --> 00:12:58.279 to overseeing the prices of everything in this country as 244 00:12:58.320 --> 00:13:00.159 they've kind of gotten out of whack. I'm curious to 245 00:13:00.200 --> 00:13:01.679 see how this shakes out. 246 00:13:01.919 --> 00:13:02.679 Uh. 247 00:13:02.879 --> 00:13:05.720 I don't necessarily have a ton of faith, especially when 248 00:13:05.720 --> 00:13:08.000 they're talking about we want to lower prices on homes 249 00:13:08.039 --> 00:13:11.000 and cars and groceries and electronics. And we live in 250 00:13:11.000 --> 00:13:13.360 a free market economy where it's really hard for the 251 00:13:13.399 --> 00:13:16.679 government to have pricing impact, and oftentimes when the government 252 00:13:16.679 --> 00:13:20.200 tries to involve itself in these private markets, it backfires. 253 00:13:20.360 --> 00:13:23.200 I will say, maybe the one place the affordable affordabilities 254 00:13:23.240 --> 00:13:26.600 are could have some uh, they could make some headway 255 00:13:27.000 --> 00:13:30.240 is in the healthcare front. If they mandate or create 256 00:13:30.279 --> 00:13:33.200 more price transparency on that front. But I think ultimately, 257 00:13:33.480 --> 00:13:37.039 uh you know, listeners need to become become their own 258 00:13:37.080 --> 00:13:40.480 affordabilities are and part of that means listening to how 259 00:13:40.480 --> 00:13:41.679 the money every Sunday, Bill. 260 00:13:41.759 --> 00:13:42.799 Yeah, makes sense. 261 00:13:42.879 --> 00:13:45.759 And hopefully we get a cars are h and a 262 00:13:45.879 --> 00:13:49.360 ZAR for alliteration, because I like cars are rhymes sounds yeah, No, 263 00:13:49.399 --> 00:13:51.840 it's very strong, very strong and right. Uh, well we 264 00:13:51.919 --> 00:13:54.480 have ZAR, so why wouldn't we have others ours? 265 00:13:55.159 --> 00:13:55.440 Right? 266 00:13:55.559 --> 00:14:01.080 Yes, all right, Joel, thank you, you're right, Sunday twelve 267 00:14:01.120 --> 00:14:01.720 to two pm. 268 00:14:01.919 --> 00:14:04.720 We'll catch you next Thursday. And this Sunday sounds good, 269 00:14:04.720 --> 00:14:05.200 thanks Bill. 270 00:14:05.240 --> 00:14:09.360 All right, Now, there is a probe going on by 271 00:14:09.480 --> 00:14:14.840 the Justice Department into anti Semitism allegations that happened to 272 00:14:14.960 --> 00:14:17.799 colleges all over the country, UCLA, by the way, being 273 00:14:17.879 --> 00:14:21.320 the sort of a poster child of all this. And 274 00:14:21.360 --> 00:14:25.440 this is the latest Trump administration action against universities. It 275 00:14:25.519 --> 00:14:31.399 accuses of allowing campus anti semitism to fester since October seventh, 276 00:14:31.480 --> 00:14:38.320 when Israel, of course unprovoked, went into Gaza and started 277 00:14:38.320 --> 00:14:42.360 bombing the hell and destroying Gaza and killing now forty 278 00:14:42.399 --> 00:14:47.039 eight thousand Palestinians. Which about a third of militants and 279 00:14:47.399 --> 00:14:49.960 most of them while the other ones mainly women and children. 280 00:14:51.679 --> 00:14:57.320 October seventh, ever happened to these people. What happened was 281 00:14:57.480 --> 00:15:00.639 October eighth is when all of this started. And the 282 00:15:00.679 --> 00:15:02.639 anti Semitism, well, it's there. 283 00:15:03.360 --> 00:15:05.279 It is there. I mean, it's always been there. 284 00:15:05.360 --> 00:15:11.000 Anti anti Muslim sentiments have been there for many, many years. 285 00:15:12.000 --> 00:15:15.320 We have a history in this country of well, even 286 00:15:15.360 --> 00:15:17.840 though we are a country of immigrants, we are a 287 00:15:17.879 --> 00:15:21.600 country of allowing and encompassing all the manner of people 288 00:15:21.600 --> 00:15:23.879 coming into the United States, because that's what we are. 289 00:15:24.399 --> 00:15:27.600 Some have a nice history of hating everybody too. And 290 00:15:27.960 --> 00:15:31.799 that's what's going on right now. I don't know if 291 00:15:31.840 --> 00:15:35.279 you've ever heard this phrase, but this is a mantra 292 00:15:35.840 --> 00:15:40.679 of the Jewish people that has been around for millennia, 293 00:15:41.960 --> 00:15:45.080 and that is they came, they killed this, let's eat. 294 00:15:45.519 --> 00:15:49.480 That is what we do. And what is going on 295 00:15:49.600 --> 00:15:53.879 right now. And it's not the universities are fomenting this. 296 00:15:54.600 --> 00:15:59.559 It's the universities are allowing this, or they did. And 297 00:15:59.639 --> 00:16:03.559 the use see investigation came after a January thirty, the 298 00:16:03.600 --> 00:16:08.759 thirtieth Executive Order, Trump pledged to Marshall all federal resources 299 00:16:08.799 --> 00:16:12.759 to combat the explosion of anti Semitism on our campuses 300 00:16:12.759 --> 00:16:16.879 and on our streets. Now, Trump has threatened to withhold 301 00:16:16.919 --> 00:16:23.919 federal money for a whole lot of thingsdi programs, and 302 00:16:23.960 --> 00:16:26.600 I'm going come on, really, I can see that, But 303 00:16:27.440 --> 00:16:29.039 anti religious sentiment. 304 00:16:29.120 --> 00:16:32.519 I have a problem with that, and not just anti Semitism. 305 00:16:32.720 --> 00:16:37.159 Remember when oh after nine to eleven and what happened 306 00:16:37.200 --> 00:16:42.240 the anti Arab, anti Muslim sentiment in this country. You 307 00:16:42.279 --> 00:16:46.240 couldn't I can lie about not being Jewish. I am 308 00:16:46.320 --> 00:16:46.879 a Catholic. 309 00:16:47.639 --> 00:16:47.799 You know. 310 00:16:47.879 --> 00:16:53.200 I put a big cross on my forehead on ash Wednesday. 311 00:16:54.200 --> 00:16:55.559 You know that's easy for me to do. 312 00:16:55.639 --> 00:16:57.759 Unfortunately, I'd probably put a star of David and that's 313 00:16:58.080 --> 00:16:58.919 very problematic. 314 00:16:59.000 --> 00:17:00.799 No, then it's a whole different issue. 315 00:17:01.240 --> 00:17:05.319 The point is that you can't lie about being a Muslim. 316 00:17:05.960 --> 00:17:09.960 You can't lie about being black or an Arab. You 317 00:17:10.079 --> 00:17:14.799 just can't. And so or black or Arab necessarily Muslim. 318 00:17:15.119 --> 00:17:18.680 And so it's something that we should not be proud of. 319 00:17:20.079 --> 00:17:22.160 And here I agree with the Trumpet administration. 320 00:17:22.279 --> 00:17:26.079 Let me tell you the defense that these protesters have. 321 00:17:26.400 --> 00:17:30.119 We're not anti Semitic or anti Israel. It has nothing 322 00:17:30.160 --> 00:17:34.000 to do with religion. And when we say, and this 323 00:17:34.079 --> 00:17:36.839 is a phrase, you was have an on phrase. This 324 00:17:36.880 --> 00:17:42.400 is a phrase that's being used by the protesters from 325 00:17:42.440 --> 00:17:45.960 the river to the sea, Palestine will be free. 326 00:17:46.279 --> 00:17:47.519 We don't mean. 327 00:17:47.480 --> 00:17:51.799 That all of that being the Jordan River, Jordan River 328 00:17:51.880 --> 00:17:52.680 to the. 329 00:17:52.559 --> 00:17:53.960 Sea, the Mediterranean Sea. 330 00:17:54.039 --> 00:17:58.119 We're not saying that all that should be Palestinian and 331 00:17:58.240 --> 00:18:01.039 Israel doesn't exist. Because right in the middle of that, 332 00:18:01.920 --> 00:18:06.759 all we're saying is that Palestinians should be free from 333 00:18:07.000 --> 00:18:10.880 israel occupation, that there should be freedom there. Here's the 334 00:18:10.960 --> 00:18:16.200 problem with that, and that is that in Gaza controlled 335 00:18:16.200 --> 00:18:21.000 by hamas in the charter, is the destruction of Israel 336 00:18:21.119 --> 00:18:27.640 and Jews right there, that is in their constitution is 337 00:18:27.680 --> 00:18:34.240 the destruction of Israel. And their phrase from the river 338 00:18:34.440 --> 00:18:40.640 to the seas, Palestine will be free, that's Palestine. 339 00:18:40.799 --> 00:18:44.200 And what gets in the way of Palestine, oh, the. 340 00:18:44.200 --> 00:18:47.960 Country of Israel, which happens to be right in the 341 00:18:48.000 --> 00:18:51.880 middle of it. And so what's happening even if you 342 00:18:52.000 --> 00:18:57.119 have a protester who is arguing that we're just protesting, 343 00:18:57.440 --> 00:19:00.799 what's happening to the Palestinians in that part of the 344 00:19:00.799 --> 00:19:05.519 world you're parroting exactly. 345 00:19:05.119 --> 00:19:06.960 What they're saying. I'm going to make an analogy here. 346 00:19:07.519 --> 00:19:11.000 All we're doing is arguing that Palestinians should be free. 347 00:19:11.039 --> 00:19:14.160 We don't really believe any of that about destruction of Israel. 348 00:19:14.359 --> 00:19:17.400 All right, make let me give you an analogy, and 349 00:19:17.440 --> 00:19:19.039 I don't think it goes too far. There was a 350 00:19:19.039 --> 00:19:23.160 time in this country where African Americans were treated and 351 00:19:23.160 --> 00:19:26.039 this is pre civil rights, pre Civil Rights Day, but 352 00:19:26.119 --> 00:19:29.160 a lot of people are alive who remember this. And 353 00:19:29.200 --> 00:19:32.119 that is, if a white person were walking down the 354 00:19:32.160 --> 00:19:35.279 street in a southern town and a black was going 355 00:19:35.279 --> 00:19:36.680 the other way, the black would have to get off 356 00:19:36.680 --> 00:19:39.880 the sidewalk and go to the street. A black person, 357 00:19:40.400 --> 00:19:44.920 that is correct, would have to do that. Now, is 358 00:19:44.960 --> 00:19:47.920 it a form of racism. No, we're just trying to 359 00:19:48.000 --> 00:19:50.720 keep the sidewalks clean. We just want to keep the 360 00:19:50.759 --> 00:19:53.480 sidewalks uncrowded. That's what that is. It has nothing to 361 00:19:53.519 --> 00:19:56.160 do with anti black sentiment. 362 00:19:56.960 --> 00:20:00.799 It's not racist. It's just a sidewalk. Oh, when we. 363 00:20:00.680 --> 00:20:04.640 Say from the river to the Sea, we don't mean 364 00:20:04.640 --> 00:20:09.480 the destruction of Israel, not at all. Well, you got 365 00:20:09.480 --> 00:20:12.079 the Trump administration, which in many ways I am not 366 00:20:12.200 --> 00:20:16.599 in favor of but on some man, you know, thank 367 00:20:16.640 --> 00:20:23.039 you for this, obviously for personal reasons, but I felt 368 00:20:23.079 --> 00:20:26.480 the same way after nine to eleven and after the 369 00:20:26.519 --> 00:20:32.319 attack on American forces all over the world by terrorists 370 00:20:33.279 --> 00:20:40.680 you know, which equals Arabs, which equals Muslims, which translates 371 00:20:40.720 --> 00:20:45.000 into anti Muslim sentiment. Here to the point where it 372 00:20:45.160 --> 00:20:49.200 was embarrassing. Let me give you a little bit of 373 00:20:49.240 --> 00:20:53.680 history before we bail out of here. Crazy history in 374 00:20:53.759 --> 00:20:58.920 England once war was declared, World War One, when England 375 00:20:59.000 --> 00:21:05.079 fought to Germany. Germans, I mean English people, German extraction, 376 00:21:05.759 --> 00:21:08.839 German names had to hide, they could not be on 377 00:21:08.920 --> 00:21:14.119 the streets, and doxin's were being kicked around on the street, 378 00:21:14.279 --> 00:21:15.920 doxies because. 379 00:21:15.640 --> 00:21:16.359 They were German. 380 00:21:17.759 --> 00:21:20.759 I mean. That's how crazy it went, and that's how 381 00:21:20.799 --> 00:21:25.599 crazy you can go. All right, we're gonna switch gears. 382 00:21:26.480 --> 00:21:28.119 After the top of the hour or at the top 383 00:21:28.119 --> 00:21:32.319 of the hour. Gary and Shannon are here and you 384 00:21:32.400 --> 00:21:36.119 I'm inviting you to call me handle on the law 385 00:21:36.200 --> 00:21:40.200 marginal legal advice. I'm doing this off the air, and 386 00:21:40.240 --> 00:21:43.000 the number is eight hundred and five to zero eleven fifty. Now, 387 00:21:43.200 --> 00:21:46.000 when you're put on hold, you're still listening to Gary 388 00:21:46.039 --> 00:21:49.000 and Shannon, So they're fine with me giving out the 389 00:21:49.000 --> 00:21:50.720 phone number, saying it's right in. 390 00:21:50.720 --> 00:21:51.920 The middle of their show or at the start of 391 00:21:51.960 --> 00:21:52.640 their show. 392 00:21:53.160 --> 00:21:56.279 So Shannon, we don't want people with legal trouble. If 393 00:21:56.319 --> 00:21:58.279 you've got legal trouble, we don't want you listening. 394 00:21:58.880 --> 00:22:00.519 Well, yes, and they and they. 395 00:22:01.960 --> 00:22:04.039 Buy into that even when they have legal trouble as 396 00:22:04.039 --> 00:22:07.599 far as my show is concerned. So okay, let's just 397 00:22:07.680 --> 00:22:11.240 move on and let's promote what's going on with Gary 398 00:22:11.240 --> 00:22:12.119 and shiannin. 399 00:22:12.079 --> 00:22:14.920 Well, we have breaking news. As you have mentioned. Trump 400 00:22:14.920 --> 00:22:17.240 says he's lifting the tariffs on all the goods from 401 00:22:17.279 --> 00:22:19.480