WEBVTT 1 00:00:00.720 --> 00:00:04.080 You're listen Saints KPI AM six forty. The bill handles 2 00:00:04.120 --> 00:00:08.160 show on demand on the iheartradiop handle here. It is 3 00:00:08.240 --> 00:00:14.759 a Wednesday day, Wednesday, December eleventh. Fire still going, but 4 00:00:15.439 --> 00:00:18.280 a little bit of good news. Only seven structures. 5 00:00:18.280 --> 00:00:19.640 Don't know how many homes. 6 00:00:19.359 --> 00:00:24.280 Were burnt and were destroyed, and yet it's certainly not 7 00:00:24.559 --> 00:00:28.399 increasing as rapidly as it was, so I guess okay, 8 00:00:28.440 --> 00:00:31.600 I'll call it good news. Coming up a little bit 9 00:00:31.640 --> 00:00:33.679 later on actually, next segment, I'm going to talk about 10 00:00:33.679 --> 00:00:36.840 baby boomers for those of us that are some stats 11 00:00:36.880 --> 00:00:39.799 and what I'm doing. I want to throw a personal story, 12 00:00:39.880 --> 00:00:44.399 being a boomer of my own. But first, this story 13 00:00:44.479 --> 00:00:49.240 is still going strong after yet a week, and that 14 00:00:49.479 --> 00:00:53.920 is the suspect in the murder. Matter of fact, the 15 00:00:53.920 --> 00:01:02.200 assassination of the United Healthcare a CEO has become a story. 16 00:01:02.280 --> 00:01:05.319 I think it's already international, certainly a major national story. 17 00:01:05.400 --> 00:01:10.799 So now we have this guy who was arrested, Luigi Mangioni, 18 00:01:11.480 --> 00:01:16.040 And whenever anything like this happens, the authorities instantly dive 19 00:01:16.239 --> 00:01:17.439 into motive. 20 00:01:17.680 --> 00:01:24.359 What happened? Were there are any accessories to this? It's 21 00:01:24.400 --> 00:01:27.680 an interesting he's an interesting guy. First of all, he's 22 00:01:27.680 --> 00:01:29.319 been arrested. He was at a McDonald's. 23 00:01:30.200 --> 00:01:32.599 He was with his face mask he's been wearing the 24 00:01:32.599 --> 00:01:34.480 whole time, although he blew it a couple of times. 25 00:01:34.560 --> 00:01:36.400 He went to a hustle and took off his mask 26 00:01:36.480 --> 00:01:39.159 and flirted with a clerk, And so the authority has 27 00:01:39.200 --> 00:01:41.000 got a pretty good idea of what he looked like. 28 00:01:41.040 --> 00:01:43.680 And it was a man hunt that it was going 29 00:01:43.680 --> 00:01:43.959 to end. 30 00:01:44.079 --> 00:01:44.599 His arrest. 31 00:01:44.680 --> 00:01:50.120 Too much out there, too many of his photos being 32 00:01:50.159 --> 00:01:54.719 broadcast constantly, and the authorities were just going out of 33 00:01:54.760 --> 00:01:55.120 their minds. 34 00:01:55.159 --> 00:01:56.400 So we knew this was going to happen. 35 00:01:56.519 --> 00:02:00.319 Major, major manhunt. So there he was yesterday in orange 36 00:02:00.400 --> 00:02:05.200 jumpsuit and he's going into a prison in central Pennsylvania 37 00:02:05.400 --> 00:02:06.799 and he is. 38 00:02:06.920 --> 00:02:08.840 Going to be in front of the court and the 39 00:02:08.879 --> 00:02:09.800 court said no bail. 40 00:02:09.879 --> 00:02:12.680 Of course, on the way in, he's in his jumpsuit, 41 00:02:12.759 --> 00:02:16.879 he is screaming about all the injustice that's going on. 42 00:02:17.159 --> 00:02:18.560 What the hell is he talking about? 43 00:02:19.159 --> 00:02:22.680 Well, it turns out if you look at his background, man, 44 00:02:22.879 --> 00:02:27.039 is he an interesting guy. Comes from a very very 45 00:02:27.199 --> 00:02:30.840 high end or very successful family, went to one of 46 00:02:30.879 --> 00:02:31.879 the premier. 47 00:02:31.599 --> 00:02:34.039 Boys' schools high schools in the. 48 00:02:34.000 --> 00:02:40.919 Country, was valedictorian at that school, then went to the 49 00:02:41.000 --> 00:02:48.000 University of Pennsylvania undergrad and master's degree in computer sciences. 50 00:02:48.599 --> 00:02:49.840 I mean, he was on his. 51 00:02:49.680 --> 00:02:52.719 Way and then all of a sudden it started going 52 00:02:52.759 --> 00:02:58.840 downhill in a big way. He was engaged, he was 53 00:02:58.879 --> 00:03:01.919 doing well, he had friends, and then what's happening. It 54 00:03:02.120 --> 00:03:08.199 looks like that he underwent a back surgery and somehow 55 00:03:08.639 --> 00:03:12.759 the insurance company I'm assuming United Healthcare was involved in 56 00:03:12.840 --> 00:03:17.879 denying him certain claims, and he just spun off into 57 00:03:18.000 --> 00:03:20.639 this anti insurance industry. 58 00:03:21.879 --> 00:03:26.240 He went off into that world and he I'm not 59 00:03:26.240 --> 00:03:26.479 going to. 60 00:03:26.560 --> 00:03:29.599 Argue he's a conspiracy theories because this isn't conspiracy other 61 00:03:29.639 --> 00:03:32.560 than the insurance companies all deciding they're not going to 62 00:03:32.639 --> 00:03:37.560 pay they're not going to pay claims. But he really 63 00:03:37.599 --> 00:03:41.039 went deep into that world, fighting the insurance companies and 64 00:03:41.120 --> 00:03:43.280 thinking the insurance companies. 65 00:03:42.840 --> 00:03:47.520 Are evil, evil folks who are there not to pay claims. 66 00:03:47.520 --> 00:03:51.800 They're there simply to collect money and they care not 67 00:03:52.000 --> 00:03:56.360 a whit about the insured. And by the way, there's 68 00:03:56.400 --> 00:03:59.520 a lot to that argument. And I get questions all 69 00:03:59.560 --> 00:04:01.520 the time handle on the law. I'm having all kinds 70 00:04:01.560 --> 00:04:04.479 of problems with my insurance company, and they won't accept this, 71 00:04:04.719 --> 00:04:08.000 and they did not acclaim here. And I always say, 72 00:04:08.120 --> 00:04:10.439 let me tell you the way insurance works in this country. 73 00:04:11.039 --> 00:04:14.240 The insurance even though by law their duty goes to 74 00:04:14.360 --> 00:04:20.279 the insured, in reality, their duty, because we're a business society, 75 00:04:20.720 --> 00:04:23.199 their duty is to their stockholders. 76 00:04:25.360 --> 00:04:27.439 That's the facto what really happens. 77 00:04:27.959 --> 00:04:30.639 No matter what the law says, no matter what court cases, 78 00:04:31.240 --> 00:04:33.639 they care about their stockholders the hell of a lot 79 00:04:33.639 --> 00:04:35.920 more than they care about anybody putting. 80 00:04:35.639 --> 00:04:40.120 In a claim. And he took that and. 81 00:04:40.000 --> 00:04:43.279 Where most of us wouldn't come up with a silent 82 00:04:43.399 --> 00:04:45.839 skun and shoot an executive in the back of the 83 00:04:45.920 --> 00:04:52.319 head in midtown Manhattan. He's gotten a lot of favorable 84 00:04:52.439 --> 00:04:55.120 I won't say press, but if you go on social media, 85 00:04:55.240 --> 00:04:58.680 he is a hero to a lot of people. And 86 00:04:58.800 --> 00:05:02.360 Eh even said that he apologized for what he had 87 00:05:02.360 --> 00:05:04.680 to do. That's at this point, that's some connection. We're 88 00:05:04.680 --> 00:05:08.000 getting some evidence of what he has written, but somebody 89 00:05:08.079 --> 00:05:08.720 had to do it. 90 00:05:10.600 --> 00:05:13.399 And that's his position. Right now. 91 00:05:13.439 --> 00:05:16.000 His attorney is saying, you got the wrong guy. He's 92 00:05:16.079 --> 00:05:19.360 fighting extradition because this happened in Manhattan. They picked him 93 00:05:19.399 --> 00:05:25.959 up in Altuna, Pennsylvania and all kinds that. Well, all 94 00:05:26.000 --> 00:05:29.120 these facts are coming out, and I think I may 95 00:05:29.120 --> 00:05:31.959 be premature here. I think is going to point out 96 00:05:32.000 --> 00:05:35.759 to a real simple premise. You have a bright young 97 00:05:35.800 --> 00:05:40.639 man who was injured, insurance company denied all or most 98 00:05:40.639 --> 00:05:44.759 of his claims. He went into this deep world of 99 00:05:44.839 --> 00:05:47.839 hating the insurance company as many of us do, but 100 00:05:48.040 --> 00:05:51.000 just went way deeper than most of us would, and 101 00:05:51.040 --> 00:05:54.519 he ended up assassinating the CEO of United Healthcare. 102 00:05:55.279 --> 00:05:56.959 And we're going to hear more and more about that. 103 00:05:59.319 --> 00:06:00.680 This thing is not going away. 104 00:06:01.240 --> 00:06:04.519 It's a story that you know what, I'm not surprised 105 00:06:05.160 --> 00:06:07.480 that it has gotten this big and gone on for 106 00:06:07.519 --> 00:06:12.360 so long. I am just noting that this is and 107 00:06:12.399 --> 00:06:14.319 the kind of topic this is, and it affects so 108 00:06:14.360 --> 00:06:14.879 many people. 109 00:06:14.879 --> 00:06:16.439 I'm talking about the insurance. 110 00:06:16.000 --> 00:06:17.959 Side of it all. Right now, I want to share 111 00:06:17.959 --> 00:06:20.560 a story with you. This is out of USA today and. 112 00:06:20.480 --> 00:06:23.639 It really hit home, and it has. 113 00:06:23.480 --> 00:06:26.800 To do with a new report from ARP ARP being 114 00:06:26.800 --> 00:06:30.959 that organization, the American Association of Retired Persons and is 115 00:06:31.000 --> 00:06:35.000 what seal say our bar BARP and that's the mosque. 116 00:06:36.079 --> 00:06:38.279 No never mind, I'm not going to go there and anyway, 117 00:06:38.519 --> 00:06:40.800 America is getting older. I mean, we know that that's. 118 00:06:40.639 --> 00:06:41.920 Not new news. 119 00:06:42.519 --> 00:06:45.639 And a survey was just done by ARP found that, again, 120 00:06:45.680 --> 00:06:48.199 this is not news, but it's just it puts it 121 00:06:48.279 --> 00:06:51.360 in writing. It just gives us more solidity when we're 122 00:06:51.399 --> 00:06:54.360 talking about it. Most people want to stay in their 123 00:06:54.360 --> 00:07:00.519 homes as they grow older, and a lot of people 124 00:07:00.560 --> 00:07:03.439 aren't confident that being able to stay in the home 125 00:07:03.959 --> 00:07:04.879 is a possibility. 126 00:07:05.759 --> 00:07:08.839 And here here's some facts. Today. 127 00:07:09.439 --> 00:07:13.160 It's very difficult to get a single family home, a 128 00:07:13.160 --> 00:07:16.920 single story home. They're expensive, they take up way too 129 00:07:17.000 --> 00:07:22.240 much of the footprint. So built communities that have been 130 00:07:22.240 --> 00:07:25.759 built for the last twenty thirty years have been second 131 00:07:25.800 --> 00:07:27.720 story homes. I mean, I don't even know of a 132 00:07:27.800 --> 00:07:31.199 single story community that's been built. So here we are, 133 00:07:31.279 --> 00:07:35.040 and I'm a baby boomer and I'm you know, at 134 00:07:35.040 --> 00:07:35.720 some point I'm not. 135 00:07:35.639 --> 00:07:37.600 Gonna be able to walk very well because you know, 136 00:07:37.639 --> 00:07:39.639 I'm going to get old. We're all going to get old. 137 00:07:39.639 --> 00:07:41.399 And if you live in a second story house, a 138 00:07:41.480 --> 00:07:42.920 two story house, what do you do? Now? 139 00:07:43.079 --> 00:07:45.920 Look at those stairs? Those aren't fun. 140 00:07:47.279 --> 00:07:51.399 And so people have to move out and that gets 141 00:07:51.399 --> 00:07:53.879 to be a real drag because where do they go. 142 00:07:55.040 --> 00:07:57.680 Are they going to move into another two story house, 143 00:07:59.160 --> 00:08:00.959 Are they going to move in with family? Are they 144 00:08:00.959 --> 00:08:04.000 going to move into some assisted living facility, which eventually 145 00:08:04.040 --> 00:08:08.399 they might. So they're kind of stuck. So let me 146 00:08:08.439 --> 00:08:11.199 tell you what I am doing. As a matter of fact, today. 147 00:08:10.839 --> 00:08:11.680 It is happening. 148 00:08:12.199 --> 00:08:14.279 Let me start with when I built the Persian Palace 149 00:08:14.720 --> 00:08:17.079 and I moved in in the year two thousand and 150 00:08:17.120 --> 00:08:18.519 you've heard this story many times. 151 00:08:19.160 --> 00:08:21.639 I put in an elevator. I built the house around 152 00:08:21.639 --> 00:08:22.279 an elevator. 153 00:08:23.480 --> 00:08:26.199 I literally built an elevator in my house, which is, 154 00:08:26.199 --> 00:08:27.959 by the way, if you're going to build in an elevator, 155 00:08:27.959 --> 00:08:30.319 that's the time to do it. If you're building a house. 156 00:08:30.959 --> 00:08:32.919 Here's a takeaway. I always put it in an elevator. 157 00:08:33.200 --> 00:08:36.039 It's not that expensive and it changes your life completely. 158 00:08:37.000 --> 00:08:38.639 So here I am in my new place, sold the 159 00:08:38.639 --> 00:08:41.759 Persian Palace downside, kids are gone, new chapter in my life, etc. 160 00:08:42.039 --> 00:08:45.799 So we bought a home which is a fair amount smaller. 161 00:08:46.360 --> 00:08:51.080 Today my elevator goes in. I'm putting in my elevator 162 00:08:52.759 --> 00:08:55.320 and it happens to be. The technology today is really neat. 163 00:08:55.360 --> 00:08:59.559 It looks like, what are those star trek transporters, those 164 00:08:59.679 --> 00:09:03.519 round cylinders that are clear that go from the floor 165 00:09:03.600 --> 00:09:06.840 right up through the second story in my cases outside 166 00:09:06.840 --> 00:09:09.519 of a landing. And oh my god, how expensive visit. 167 00:09:09.679 --> 00:09:13.600 It's a lot cheaper than remodeling a bathroom. It's a 168 00:09:13.720 --> 00:09:17.840 lot cheaper than putting in a new kitchen. And that 169 00:09:17.960 --> 00:09:23.720 changes your life. And it's going in today. Why because 170 00:09:23.879 --> 00:09:27.600 I don't want to move when I get old and decrepit, 171 00:09:27.639 --> 00:09:29.759 And Neil, please don't tell me how old and decrepit 172 00:09:29.799 --> 00:09:31.840 I am. Now, I get it, but at least I 173 00:09:31.879 --> 00:09:35.399 can walk up the stairs five years from now. That's 174 00:09:35.399 --> 00:09:37.279 going to happen, and I don't want to move again. 175 00:09:37.639 --> 00:09:40.200 Let's say you hit your mid seventies, right or your 176 00:09:40.279 --> 00:09:44.440 late seventies or early eighties, whenever the hell you decided 177 00:09:44.559 --> 00:09:44.840 that you. 178 00:09:44.840 --> 00:09:46.440 Have to move. It's no longer tenable. 179 00:09:47.600 --> 00:09:53.600 Can you imagine the hassle of moving when you're in 180 00:09:53.639 --> 00:09:58.919 your mid seventies. Tell me how that disrupts your life completely? 181 00:09:58.960 --> 00:10:02.480 And I've moved three or four times. That is the 182 00:10:02.480 --> 00:10:05.759 biggest deal I've ever I've ever encountered. It is horrific, 183 00:10:06.639 --> 00:10:08.519 And so more and more people want to stay in 184 00:10:08.559 --> 00:10:13.120 their homes and realize that frankly, they want to die there. 185 00:10:14.080 --> 00:10:17.480 There aren't that many pieces to go. We're getting older, 186 00:10:18.840 --> 00:10:21.559 and so incomes my elevator today, and I'm going to 187 00:10:21.639 --> 00:10:23.879 video it and put it up. By the way, it's 188 00:10:23.960 --> 00:10:27.679 really neat technology. And as I said, I don't know 189 00:10:27.720 --> 00:10:30.200 if I'm going to share the price with you. I 190 00:10:30.279 --> 00:10:32.120 haven't decided yet where I'm going to share the cost, 191 00:10:32.840 --> 00:10:34.320 but I guarantee you. 192 00:10:34.279 --> 00:10:35.919 Because I don't want to, I'll do it. 193 00:10:36.120 --> 00:10:39.360 Let me think about it, but I guarantee, I guarantee 194 00:10:39.480 --> 00:10:42.679 it is just a hell of a lot cheaper. 195 00:10:42.799 --> 00:10:46.519 Well, Neil, let me ask you this. You redid your kitchen, right, Yeah, 196 00:10:46.639 --> 00:10:47.399 what did it cost you? 197 00:10:48.480 --> 00:10:53.759 It cost it probably was twenty grand, but I paid 198 00:10:53.799 --> 00:10:57.279 half of it because it was with reborn cabinets. 199 00:10:58.639 --> 00:11:01.759 So you remodeled your kitchen. I went half of it. 200 00:11:01.840 --> 00:11:03.360 And then no, I don't care, it doesn't matter. I'm 201 00:11:03.399 --> 00:11:08.159 talking about total value. Oh yeah, it's twenty grand. Okay, 202 00:11:08.519 --> 00:11:11.639 that's less money than an elevator. Anybody else in this 203 00:11:11.679 --> 00:11:12.840 crowd remodeled their home. 204 00:11:13.919 --> 00:11:18.600 What's that? Okay? Fair enough? 205 00:11:19.120 --> 00:11:22.080 Yeah, it did substantially more than that. But I've seen 206 00:11:22.080 --> 00:11:24.440 a lottery models and we put it this way. 207 00:11:24.320 --> 00:11:27.039 Phil, I'm with you, though. I think. 208 00:11:28.720 --> 00:11:32.799 I have my aunt uncle, my aunt Donna and uncle Bob. 209 00:11:32.919 --> 00:11:36.159 They still live in the two story house. They're in 210 00:11:36.200 --> 00:11:39.120 their eighties that I remember growing up and going over 211 00:11:39.159 --> 00:11:42.679 there and uh, and they seem to move around just fine. 212 00:11:43.279 --> 00:11:46.120 But if there is I would want to stay in 213 00:11:46.159 --> 00:11:50.480 the house that I you know, raised max in and 214 00:11:50.519 --> 00:11:53.440 all those things if we could. It's a single story, 215 00:11:53.799 --> 00:11:57.480 but I think that's a small expense and as luxurious 216 00:11:57.519 --> 00:11:59.360 as it sounds to have an elevator. 217 00:11:59.120 --> 00:12:01.399 We're not talking about leves either. You're absolutely white. It's 218 00:12:01.440 --> 00:12:03.600 almost part of you know. 219 00:12:03.639 --> 00:12:06.679 Ski is getting older today. Yeah, well, let me give 220 00:12:06.679 --> 00:12:11.799 you a quick story. Marjorie had fallen down and her 221 00:12:12.159 --> 00:12:14.799 femur had ruptured right, and so she had all the 222 00:12:14.840 --> 00:12:18.679 surgery and the doctor was saying, you have to go 223 00:12:18.759 --> 00:12:22.919 into a rehab facility for several weeks because can't have 224 00:12:23.039 --> 00:12:24.639 you going up and down the stairs. She said, I 225 00:12:24.720 --> 00:12:27.600 have an elevator at home, and the doctor said, good 226 00:12:27.639 --> 00:12:31.039 for you. You can stay home and you don't have 227 00:12:31.120 --> 00:12:32.960 to be in a rehab facility. 228 00:12:33.960 --> 00:12:38.480 That alone made it, well, not. 229 00:12:38.480 --> 00:12:40.600 Quite worth it, because it was for her, But that 230 00:12:40.840 --> 00:12:44.080 alone was worth it. So anyway, I'm gonna video this 231 00:12:44.120 --> 00:12:46.559 whole thing, my elevator coming in. It's kind of neat too, 232 00:12:47.080 --> 00:12:48.840 and I'm gonna be and this is not a oh 233 00:12:48.879 --> 00:12:51.840 my god, a pompous So I have an elevator, let 234 00:12:51.840 --> 00:12:55.360 me tell you how valuable it can and will be. 235 00:12:56.480 --> 00:12:58.639 You know what, don't do your kitchen. You still can 236 00:12:58.720 --> 00:12:59.440 live in a kitchen. 237 00:13:00.240 --> 00:13:02.679 You know your bathroom, you still have the toilet and 238 00:13:02.720 --> 00:13:03.600 it still flushes. 239 00:13:04.159 --> 00:13:04.600 You know what. 240 00:13:04.759 --> 00:13:07.840 I had our whole bottom floor kitchen and everything turned 241 00:13:07.840 --> 00:13:10.039 into an elevator, so I can just have the whole 242 00:13:10.080 --> 00:13:11.840 thing moved upstairs. 243 00:13:11.639 --> 00:13:13.200 Very strong. All right. 244 00:13:13.600 --> 00:13:15.600 I want to go into a little bit of politics here, 245 00:13:15.960 --> 00:13:19.679 and this one's kind of fun unless you like beef. 246 00:13:20.679 --> 00:13:25.919 There is a severe shortage of cattle. We have price 247 00:13:26.039 --> 00:13:30.919 hikes in beef that is incredible. It was in Costco 248 00:13:31.000 --> 00:13:33.639 yesterday with a shaker and I look at the beef 249 00:13:33.679 --> 00:13:36.279 prices and I can actually see. 250 00:13:36.039 --> 00:13:37.919 Them go up by the minute. 251 00:13:37.960 --> 00:13:41.039 Remember the Walmart commercials where the prices would roll back 252 00:13:42.000 --> 00:13:45.000 with that rolodex kind of thing they had and you 253 00:13:45.000 --> 00:13:47.440 could actually see the prices roll back. That's sort of 254 00:13:47.440 --> 00:13:51.279 what's happening with beef. Prices going forward. That's going the 255 00:13:51.279 --> 00:13:55.639 prices are going up, and I'm sitting there saying, really. 256 00:13:57.480 --> 00:14:01.200 Sorry about that. It is is that expensive. 257 00:14:01.600 --> 00:14:05.840 And by the way, these hikes have wiped out billions 258 00:14:05.840 --> 00:14:09.559 of meat processing profits. I'm not talking about just us 259 00:14:09.559 --> 00:14:13.399 getting nailed. The processors are getting nailed. And it's going 260 00:14:13.480 --> 00:14:18.039 to get worse before the next election cycle. And I'm 261 00:14:18.039 --> 00:14:20.240 going to make a political statement for a moment. Okay, 262 00:14:21.080 --> 00:14:23.399 let's go back to the herd is the smallest in 263 00:14:23.519 --> 00:14:27.320 nineteen sixty one, the US herd, and now we have 264 00:14:27.440 --> 00:14:32.840 years of depressed prices, severe droughts, surging costs. What's happening 265 00:14:33.039 --> 00:14:37.080 is farmers are now in the beef industry sending more 266 00:14:37.159 --> 00:14:43.679 females to slaughter, which means there are fewer females to 267 00:14:43.799 --> 00:14:48.600 create cabs and young ones and young meat and young steak. 268 00:14:49.559 --> 00:14:54.919 And now comes the possibility of new tariffs and immigration reform, 269 00:14:55.000 --> 00:14:59.960 and how those two are connected big time. The President 270 00:15:00.120 --> 00:15:04.240 to be is saying we're going to nail virtually every 271 00:15:04.279 --> 00:15:06.759 country that imports the United States some kind of tariff. 272 00:15:06.840 --> 00:15:10.720 We import a fair amount of beef, and the reason 273 00:15:11.000 --> 00:15:13.159 that we are going to nail it we want to 274 00:15:13.159 --> 00:15:14.919 make prices here in the United States. 275 00:15:14.919 --> 00:15:17.759 We don't want to undercut. We want American workers. 276 00:15:19.200 --> 00:15:23.559 And therefore, if American workers are employed, it's not the 277 00:15:23.600 --> 00:15:26.360 Canadians who are making the money, but we are making. 278 00:15:26.080 --> 00:15:28.000 The money, which, by the way, is true to a 279 00:15:28.000 --> 00:15:28.600 great extent. 280 00:15:29.559 --> 00:15:33.159 If it is too expensive to bring something in and 281 00:15:33.720 --> 00:15:36.720 it's created in the United States, that means money is 282 00:15:36.759 --> 00:15:40.559 invested here, workers are higher here, and it's just a 283 00:15:40.639 --> 00:15:42.320 much better, better environment. 284 00:15:44.240 --> 00:15:48.840 But here's the problem. A tariff can start next week. 285 00:15:50.720 --> 00:15:55.240 Boom, there's your twenty percent increase right there, starts Monday. 286 00:15:56.480 --> 00:16:01.840 To build a twelve billion dollar computer chip factory in 287 00:16:01.879 --> 00:16:07.840 the middle of Ohio takes three years. Now, granted, great 288 00:16:07.879 --> 00:16:14.360 construction jobs, great daily jobs, very high end, well paying jobs, 289 00:16:14.799 --> 00:16:15.399 tax base. 290 00:16:15.480 --> 00:16:16.320 I mean, it's all. 291 00:16:16.440 --> 00:16:21.840 It's wonderful, and I truly believe in buying and investing 292 00:16:21.840 --> 00:16:22.440 in America. 293 00:16:22.960 --> 00:16:24.600 But let me go back to the premise. 294 00:16:25.519 --> 00:16:31.200 Tariffs can start next week, that plant comes online three 295 00:16:31.279 --> 00:16:37.679 years from now. Tariffs can start next week. To rebuild 296 00:16:37.879 --> 00:16:42.480 the herd here in the United States amongst the beef 297 00:16:43.159 --> 00:16:47.919 beef producers is years in the making. We're not going 298 00:16:47.960 --> 00:16:50.159 to see the herds if we went balls to the 299 00:16:50.200 --> 00:16:54.000 wall right now and said, let's go for it. Let's 300 00:16:54.080 --> 00:16:58.720 rebuild our herds years before it comes up to where 301 00:16:58.759 --> 00:16:59.080 it was. 302 00:17:00.799 --> 00:17:03.200 That's the problem. And what does it all translate to? 303 00:17:03.960 --> 00:17:08.960 A whole lot more money being charged and being paid 304 00:17:09.000 --> 00:17:11.119 for beef and a dwindling supply. 305 00:17:11.279 --> 00:17:13.599 I'm going to come back and dive. 306 00:17:13.359 --> 00:17:15.279 A little bit deeper into this and get a little 307 00:17:15.279 --> 00:17:18.880 bit into the weeds and talk about how the promise 308 00:17:19.039 --> 00:17:20.480 of lower prices. 309 00:17:21.319 --> 00:17:22.119 Good luck, guys. 310 00:17:22.839 --> 00:17:25.720 And by the way, I don't necessarily disagree because this 311 00:17:25.759 --> 00:17:29.000 is long term. This is Ronald Reagan when he first 312 00:17:29.039 --> 00:17:30.799 came office, and he said, hey, it's going to get 313 00:17:30.839 --> 00:17:34.319 worse before he gets better. It's not simple. Be prepared, guys. 314 00:17:35.160 --> 00:17:38.599 You know, I'm bringing an economic plan to the table, 315 00:17:39.039 --> 00:17:43.519 and you are going to suffer before it gets better. 316 00:17:43.960 --> 00:17:46.480 And of course it did get better. He was right on. 317 00:17:47.759 --> 00:17:51.359 What we're hearing now is we're not going to get suffer. 318 00:17:51.519 --> 00:17:54.960 We're not going to suffer. It's going to get better 319 00:17:54.960 --> 00:17:57.920 from day one. Really, all right, I want to go 320 00:17:57.960 --> 00:18:03.119 back to what's going to be happening with tariffs that 321 00:18:03.160 --> 00:18:06.599 are coming. I do believe the tariffs are coming. I mean, 322 00:18:06.640 --> 00:18:10.240 the insane number I do believe is not going to 323 00:18:10.240 --> 00:18:14.000 be happening because I think President elect Trump is using 324 00:18:14.799 --> 00:18:19.640 the bombacity as a negotiating tool, which he does brilliantly. 325 00:18:20.160 --> 00:18:21.440 But there will be some tariffs. 326 00:18:22.319 --> 00:18:26.759 And the problem is is tariffs make everything more expensive 327 00:18:26.920 --> 00:18:30.240 right off the bat. So in the world of beef, 328 00:18:30.359 --> 00:18:34.440 and beef is so important to us in America, American 329 00:18:34.720 --> 00:18:39.960 ism and the livestock industry have been entwined since forever. 330 00:18:40.519 --> 00:18:43.920 I mean, that's just simply who we are raising cattle, 331 00:18:43.960 --> 00:18:46.839 and the cowboys and all that. Well, it's become more 332 00:18:46.839 --> 00:18:50.960 and more difficult. And even before Trump's return to Washington, 333 00:18:51.400 --> 00:18:55.480 you've got high interest rates, feed prices, farmer debt, bad weather, 334 00:18:56.359 --> 00:19:02.880 shifting consumer preference to cheaper chicken, where everything tastes like chicken, 335 00:19:02.920 --> 00:19:05.119 and now we're finding out even chicken tastes like chickens, 336 00:19:05.160 --> 00:19:09.279 so we're buying more chicken, and so struggling ranchers have 337 00:19:09.359 --> 00:19:13.720 been calling their hiffers way too fast a clip and 338 00:19:13.759 --> 00:19:19.440 they're simply the herds are declining and declining rapidly. It 339 00:19:19.559 --> 00:19:22.480 should be back, we should be increasing herds. 340 00:19:22.519 --> 00:19:23.200 Ain't happening. 341 00:19:25.640 --> 00:19:28.119 The federal authority said we should be on a good 342 00:19:28.200 --> 00:19:30.759 clip starting in twenty twenty five. It's not even a 343 00:19:30.839 --> 00:19:35.839 start until twenty twenty seven. And so you combine what's 344 00:19:35.880 --> 00:19:39.279 happening with tariffs. As I said earlier, the problem with 345 00:19:39.319 --> 00:19:43.079 tariffs is, well, the good news are terrorists. It makes 346 00:19:43.119 --> 00:19:46.000 things more expensive coming into the country, which means we 347 00:19:46.079 --> 00:19:48.680 have to buy from American producers, which means it makes 348 00:19:48.680 --> 00:19:52.559 more sense for Americans to build factories, infrastructure, hire people. 349 00:19:52.799 --> 00:19:58.119 But teriffs happen immediately, infrastructure happens over years. And what 350 00:19:58.200 --> 00:20:04.400 happens in the middle and no more jobs and we're 351 00:20:04.440 --> 00:20:07.640 not hearing that. We're hearing that jobs that we're going 352 00:20:07.720 --> 00:20:12.759 to have a great economy walking in day one, great prices, 353 00:20:12.880 --> 00:20:13.960 no inflation. 354 00:20:13.680 --> 00:20:15.359 When we've sort of gotten rid of inflation. 355 00:20:15.480 --> 00:20:17.880 But you know, tariffs are not going to help prices, 356 00:20:17.920 --> 00:20:19.119 They're going to go the other way. 357 00:20:20.119 --> 00:20:22.279 Also, you have the. 358 00:20:21.559 --> 00:20:24.680 The issue of illegal immigration, which was one of the 359 00:20:25.039 --> 00:20:30.319 big points that won Trump the presidency. Look to see 360 00:20:30.359 --> 00:20:35.519 who works in those b plants slaughterhouses. Very very few 361 00:20:35.559 --> 00:20:39.880 cardiovascular surgeons do a weekend job slaughtering cattle or cleaning 362 00:20:40.000 --> 00:20:44.680 up those plants. Just not too many, not too many 363 00:20:44.720 --> 00:20:49.720 college grads. It's unskilled labor and guests. Who is in 364 00:20:49.759 --> 00:20:53.519 there for the most part migrants. Now the big producers 365 00:20:53.880 --> 00:20:59.319 want they want people to show their passports, their residencies, 366 00:21:00.279 --> 00:21:02.880 residency papers. But you want to know something, the fraud 367 00:21:02.920 --> 00:21:04.960 that goes on because these poor people have to work 368 00:21:05.000 --> 00:21:08.119 and they'll come up with anything. And just the number 369 00:21:08.240 --> 00:21:12.200 of illegal migrants that work in the industry is just astronomical. 370 00:21:12.880 --> 00:21:15.400 And the argument is, wait a second, if we don't 371 00:21:15.400 --> 00:21:18.319 have them here, who's going to work the plants? 372 00:21:20.160 --> 00:21:22.400 There are certain jobs that Americans. 373 00:21:21.960 --> 00:21:30.200 Genuinely don't want, genuinely picking strawberries. Working in the food 374 00:21:30.319 --> 00:21:33.839 industry is go for Tyson Foods and start chopping up 375 00:21:33.920 --> 00:21:36.559 chickens eight hours a day and is thirty five degrees 376 00:21:36.599 --> 00:21:37.160 in the plant. 377 00:21:38.519 --> 00:21:41.279 These are jobs that Americans won't take in. The argument is, 378 00:21:41.279 --> 00:21:44.160 if they pay high enough money, people will take it. 379 00:21:44.200 --> 00:21:47.759 Probably true, you pay thirty bucks an hour, someone's going 380 00:21:47.839 --> 00:21:50.599 to take up the job cutting off chickens heads, Oh, 381 00:21:50.640 --> 00:21:53.279 grant that. But you pay thirty dollars an hour, how 382 00:21:53.319 --> 00:21:57.039 much you think is going to cost you for that chicken. 383 00:21:58.440 --> 00:22:00.880 Matter of fact, you'll be shopping for the chicken head 384 00:22:01.279 --> 00:22:04.200 versus the rest of the chicken because the prices will 385 00:22:04.240 --> 00:22:10.839 be astronomical, So we're looking at some real issues. There 386 00:22:10.920 --> 00:22:12.920 is good news on the tariffront. I mean a lot 387 00:22:12.960 --> 00:22:17.480 of it is not particularly realistic. But the bad news 388 00:22:17.799 --> 00:22:21.599 is that the good news may take years. 389 00:22:21.880 --> 00:22:22.720 To actually hit. 390 00:22:23.519 --> 00:22:26.279 So for those of you that are prepared for lower 391 00:22:26.319 --> 00:22:31.920 prices based on promises that were made, we'll talk again 392 00:22:32.039 --> 00:22:35.359 six months from now, and I'll ask you, you know, 393 00:22:35.440 --> 00:22:39.039 how much less are you paying for your beef? How 394 00:22:39.119 --> 00:22:41.680 much less are you paying for products that are made 395 00:22:41.680 --> 00:22:43.640 out of steel? How much less are you paying for 396 00:22:43.960 --> 00:22:45.559 clothes that you buy at Walmart? 397 00:22:46.680 --> 00:22:48.720 But you know what, isn't it You say this all 398 00:22:48.720 --> 00:22:53.799 the time with self driving cars that when planes we 399 00:22:53.880 --> 00:22:56.160 first had planes in the air, there were crashes. You 400 00:22:56.160 --> 00:22:58.960 have to expect that if our goal is to bring 401 00:22:59.720 --> 00:23:02.839