WEBVTT 1 00:00:01.480 --> 00:00:04.799 Today, your bet builders hang away a thread here. Relax, Relax, 2 00:00:04.960 --> 00:00:06.440 they still need one more goal. 3 00:00:06.519 --> 00:00:09.240 Well if it loses, nov BET's got you covered. Nobe 4 00:00:09.320 --> 00:00:09.919 Besh is the. 5 00:00:09.880 --> 00:00:13.279 Home of the betbuilder this World Cup from goalscorers to cards. 6 00:00:13.400 --> 00:00:16.239 Get the best value on every match, plus get money 7 00:00:16.280 --> 00:00:18.600 back as a free bash. If your bet builder loses 8 00:00:18.640 --> 00:00:22.239 on the biggest game every single day, join today and 9 00:00:22.280 --> 00:00:25.920 get seventy euros in pre bets nov Bash More power 10 00:00:25.960 --> 00:00:29.760 to you, Tecencys apply eighteen plus bet Responsibly, Gamblingcare dot Ie. 11 00:00:30.480 --> 00:00:35.640 The Rush Hour with James Golden entertaining and informative. 12 00:00:35.119 --> 00:00:37.200 On the Red Apple Podcast Network. 13 00:00:49.920 --> 00:00:56.759 Attention Jettoheads, Attention bow Scouts, Rose by the pseudonyms Nerdly, 14 00:00:57.039 --> 00:01:00.560 It's time for the soul of excellence. That's a radio 15 00:01:00.600 --> 00:01:03.600 host here in New York. The Rush Hour is on 16 00:01:03.799 --> 00:01:07.359 the air. Rush Rush Now here's James Golden. 17 00:01:12.239 --> 00:01:14.680 People sometimes ask me why is an assemblyman from Long 18 00:01:14.680 --> 00:01:17.400 Island talking about New York City. Well, because while New 19 00:01:17.439 --> 00:01:20.400 Yorkers are getting crushed by high electric and gas bills, 20 00:01:20.760 --> 00:01:23.239 Kathy Hochele, as we saw just handed New York City 21 00:01:23.519 --> 00:01:26.599 one point five billion dollars. That's on top of the 22 00:01:27.000 --> 00:01:30.719 eight billion dollars of our money spent on the illegal aliens, 23 00:01:30.760 --> 00:01:33.840 including those fancy hotels in New York City paid for 24 00:01:34.079 --> 00:01:37.280 by US taxpayers, on Long Island and across New York State. 25 00:01:38.159 --> 00:01:40.079 Many of the laws passed in all but he seemed 26 00:01:40.120 --> 00:01:42.719 to benefit New York City first, while the rest of 27 00:01:42.799 --> 00:01:43.640 us pay the price. 28 00:01:44.159 --> 00:01:45.159 And why did they do it? 29 00:01:45.439 --> 00:01:48.200 Because they're afraid of being primaried, as most of them 30 00:01:48.239 --> 00:01:52.879 are by the DSA, The Democrat, Socialist, communist crowd. Long 31 00:01:52.920 --> 00:01:56.719 Islanderers and upstate New Yorkers are not the piggy banks 32 00:01:56.760 --> 00:01:57.680 of New York City. 33 00:01:59.719 --> 00:02:04.239 You are, and get over it. You're gonna keep paying. 34 00:02:04.719 --> 00:02:07.799 Welcome my friends to the Thursday edition of both Snurly's 35 00:02:07.840 --> 00:02:12.680 Rush Hour. There is still all sorts of controversy in 36 00:02:12.800 --> 00:02:16.280 New York over the new mayor's tax plan. We will 37 00:02:16.319 --> 00:02:19.280 cover that things are happening around the country, areas where 38 00:02:19.319 --> 00:02:23.479 you are. If you are in Florida, oh Man, today 39 00:02:23.719 --> 00:02:25.360 was kind of a weird day. 40 00:02:28.439 --> 00:02:30.719 Cut three, kick the music going, Just play. 41 00:02:30.919 --> 00:02:32.879 This is one of the things that happened in the 42 00:02:32.919 --> 00:02:34.159 Florida today. 43 00:02:34.479 --> 00:02:37.439 A student participating in a walkout at Palm Beichlakes High 44 00:02:37.439 --> 00:02:40.400 School was hit by a car along North Military Trail. 45 00:02:40.800 --> 00:02:43.560 That child was rushed to the hospital and is expected 46 00:02:43.560 --> 00:02:44.199 to be okay. 47 00:02:44.360 --> 00:02:48.400 And as tensions flared up separate protest sites across our area, 48 00:02:48.520 --> 00:02:52.159 cameras capturing two people here or a woman appears to 49 00:02:52.199 --> 00:02:55.560 be maybe a student struggling with police as officers tried 50 00:02:55.599 --> 00:02:57.520 to control the growing crowds. 51 00:02:58.360 --> 00:03:01.680 Letting kids out of school, the test ice and yeah, 52 00:03:01.879 --> 00:03:04.199 kid gets hit by a car. I wonder if the 53 00:03:04.319 --> 00:03:09.479 school is going to get sued. Things are happening, keep 54 00:03:09.520 --> 00:03:12.800 the music. I wonder things are happening in Chicago of 55 00:03:12.840 --> 00:03:18.520 all places. Cut one the mayor, Don mayor of Chicago. Here, 56 00:03:18.759 --> 00:03:20.080 dun mayor of Chicago. 57 00:03:20.280 --> 00:03:24.199 It's my face straight okay, No, all right, keep a 58 00:03:24.199 --> 00:03:28.599 straight face here. The Bears belong in the city of Chicago. 59 00:03:28.919 --> 00:03:31.280 The Chicago Bears belong in the city of Chicago. 60 00:03:31.599 --> 00:03:31.759 Right. 61 00:03:32.039 --> 00:03:35.120 And I've said repeatedly that the door is always opened 62 00:03:35.639 --> 00:03:41.560 for conversations, you know, and you know, you know, Kevin 63 00:03:41.599 --> 00:03:43.479 Warren did call me yesterday. 64 00:03:43.479 --> 00:03:45.479 We didn't get a chance to connect, you know. 65 00:03:45.560 --> 00:03:51.280 And I still firmly believe that their best position is 66 00:03:51.280 --> 00:03:52.879 in Chicago. And it's evidence. 67 00:03:53.280 --> 00:03:55.360 The evidence is clearly speaking for itself. 68 00:03:57.240 --> 00:04:02.159 That's because the Bears are planning on getting out of Chicago, 69 00:04:02.759 --> 00:04:07.520 going down the road, going to Indiana. I mean, look, 70 00:04:07.560 --> 00:04:11.080 you gotta no offense to people in Indiana, America. Small 71 00:04:11.120 --> 00:04:14.039 cafeinated moms out in Indiana owny about to take offense. 72 00:04:14.120 --> 00:04:18.759 But how let me see how I can frame this 73 00:04:18.800 --> 00:04:20.959 WI not to be is insulting to the good people 74 00:04:21.000 --> 00:04:27.079 of Indiana. If you are du Chicago Bear the Bears 75 00:04:28.720 --> 00:04:31.600 and you're thinking about getting out of Dodge and you're 76 00:04:31.639 --> 00:04:40.079 saying we're moving to Indiana, how how never mind? I 77 00:04:40.120 --> 00:04:43.079 think you can figure how desperate do you have to 78 00:04:44.600 --> 00:04:47.639 not that Indiana is a bad in Indiana is a nice, 79 00:04:47.720 --> 00:04:54.199 lovely place. But the Indiana Bears they're not gonna change. 80 00:04:54.240 --> 00:04:56.480 It'll be like the New York Giants when they left 81 00:04:56.519 --> 00:04:58.519 New York. They still call themselves in New York. They're 82 00:04:58.560 --> 00:05:03.160 really the Jersey Giants. They're really the Jersey Jets, but 83 00:05:03.199 --> 00:05:06.839 they keep the name New York because he wants to 84 00:05:06.879 --> 00:05:14.920 call themselves the Jersey Giants, even though I mean they 85 00:05:15.000 --> 00:05:21.560 play like that, all right. Not only that things are 86 00:05:21.600 --> 00:05:25.600 happening in Oakland, the city by the Bay. 87 00:05:26.639 --> 00:05:27.240 More stuff. 88 00:05:27.399 --> 00:05:32.000 Here's here's cut to Here's what's going on in Oakland, California. 89 00:05:32.279 --> 00:05:35.439 Oakland police say someone broke into the mayor's office and 90 00:05:35.519 --> 00:05:38.279 stole a city suv on Monday. 91 00:05:38.480 --> 00:05:39.120 The keys to. 92 00:05:39.120 --> 00:05:41.879 The vehicle were taken. The car was recovered the next 93 00:05:41.959 --> 00:05:45.639 day in Ballejo, and the suspect is still at large. 94 00:05:47.920 --> 00:05:52.959 The thieves in Oakland are going into the mayor's office. 95 00:05:53.959 --> 00:05:57.040 They take the keys to the suv and come out 96 00:05:57.079 --> 00:06:01.199 and steal the suv from the mayor's office at city Hall. 97 00:06:03.680 --> 00:06:06.560 And they want to defund ice. They want to defund 98 00:06:06.600 --> 00:06:07.800 the law enforcement. 99 00:06:08.480 --> 00:06:13.120 Oh boy, all right, things are still. Things are still, 100 00:06:13.279 --> 00:06:17.120 my friends, heating up. But across the pond today, as 101 00:06:17.160 --> 00:06:19.680 you may know, by the way, mister Bond is gonna 102 00:06:19.680 --> 00:06:23.560 be here. His real name is not mister Bond. We'll 103 00:06:23.560 --> 00:06:25.759 tell you his day, but mister Bond is going to 104 00:06:25.759 --> 00:06:28.120 be here a little later in the show. We promised 105 00:06:28.160 --> 00:06:30.519 during the week we would get we would talk to him. 106 00:06:30.560 --> 00:06:30.920 This week. 107 00:06:30.959 --> 00:06:32.839 We had a call on this Saturday show that wanted 108 00:06:32.839 --> 00:06:35.720 to know about gold and the high price of gold 109 00:06:35.759 --> 00:06:37.360 and all this stuff. We say, I need to talk 110 00:06:37.399 --> 00:06:40.399 to an investment guy, So we're gonna talk to mister Bond. 111 00:06:40.680 --> 00:06:42.519 His name is Tom Lemmon. But we're gonna talk to 112 00:06:42.600 --> 00:06:46.279 him at the bottom of the hour. Okay, other stuff 113 00:06:46.319 --> 00:06:50.439 to do before we get there. As you may know, 114 00:06:51.000 --> 00:06:58.120 Prince Andrew was arrested this morning. Now, usually the Brits 115 00:06:58.160 --> 00:07:00.319 can be counted on to put on a good show. 116 00:07:01.279 --> 00:07:04.800 This morning, France was not a good show. They come 117 00:07:04.879 --> 00:07:08.600 in the earth. It's his birthday today. Somebody did this 118 00:07:08.680 --> 00:07:11.240 on purpose. They're like, when can we get the best 119 00:07:11.399 --> 00:07:14.040 noise out of this? We can't stand this guy. When 120 00:07:14.079 --> 00:07:16.120 can we really stick it to him? 121 00:07:16.680 --> 00:07:17.079 I ain't there. 122 00:07:17.160 --> 00:07:20.120 It's his birthday coming up mine, good listen, raste him 123 00:07:20.160 --> 00:07:23.319 on his birthday. Stick him in a little cell. How's 124 00:07:23.360 --> 00:07:26.319 that for Bertha? You want a little cake? Bendover, have 125 00:07:26.439 --> 00:07:32.160 a cake and some soup. No, no, but it wasn't 126 00:07:32.199 --> 00:07:38.000 a good show. You're gonna arrest. You're going to arrest 127 00:07:38.560 --> 00:07:44.480 mister Mountbotton Windsor and they show up with a few 128 00:07:44.480 --> 00:07:51.040 police cars, drag him out, take he's released already. I 129 00:07:51.240 --> 00:07:54.399 was expecting something a little bit more dramatic if they 130 00:07:54.399 --> 00:07:59.639 had to do this. You show up, you take him 131 00:07:59.639 --> 00:08:04.240 to the Tims River, You get in a row boat 132 00:08:04.800 --> 00:08:10.040 with Constable's rowing and you take him under the London 133 00:08:10.120 --> 00:08:13.839 Bridge and then you take him. Once you get under 134 00:08:13.879 --> 00:08:18.680 the bridge and Tim's River, you take him to what's 135 00:08:18.720 --> 00:08:26.079 called Trita's Gate at London Tower and you make him 136 00:08:26.199 --> 00:08:31.560 walk up the stairs of London Tower under trapped, passing 137 00:08:31.639 --> 00:08:36.879 Traitor's Gate, and you put him in the cell that 138 00:08:37.080 --> 00:08:44.600 overlooks the Anne Bolin Memorial plaque. Carlos, you do know 139 00:08:44.639 --> 00:08:50.360 what the and Bolan you don't know. For those of 140 00:08:50.360 --> 00:08:52.519 you in American history, I never studied the brit history. 141 00:08:53.080 --> 00:08:56.960 And Bolan was the second wife of Henry the eighth. 142 00:08:57.039 --> 00:09:01.399 He's the one that the first one that he wanted 143 00:09:01.440 --> 00:09:04.559 to marry her. Pope said, no, we can't give you. 144 00:09:04.519 --> 00:09:08.919 You've already been married to you know, the queen for 145 00:09:10.679 --> 00:09:13.360 over a decade, and no, just because she didn't give 146 00:09:13.399 --> 00:09:18.879 you a son. No, so they trumped up some charges. Well, 147 00:09:19.679 --> 00:09:22.320 I guess history will confirm this out. They trumped up 148 00:09:22.360 --> 00:09:26.000 a bunch of charges of adultery. Supposedly she was making 149 00:09:26.039 --> 00:09:29.840 out with her brother and some other people. Yeah, it 150 00:09:29.960 --> 00:09:33.639 was pretty brutal. Put her on trial. They took her 151 00:09:33.679 --> 00:09:37.120 through Trader's Gate, marched her up the stairs, put her 152 00:09:37.159 --> 00:09:42.320 in a cell. After they beheaded the co conspirators, including 153 00:09:42.320 --> 00:09:46.360 her brother and a former person that she was besposed 154 00:09:46.480 --> 00:09:51.440 to before King Henry. They took her downstairs, marched her out, 155 00:09:51.879 --> 00:09:57.759 chop chop, bye bye. Yes, and now they have a plaque. Yes, 156 00:09:58.480 --> 00:10:02.159 they have a plaque at the tower at the park 157 00:10:02.320 --> 00:10:07.639 in the courtyard where she got chopped, chopped. 158 00:10:07.639 --> 00:10:07.879 Ann. 159 00:10:09.840 --> 00:10:13.960 Now, Henry went on to have you know, four other 160 00:10:14.039 --> 00:10:17.039 wives after that, the six wives of course of Henry 161 00:10:17.080 --> 00:10:22.240 the eighth Catherine Horrod got the chop chop treatment too, 162 00:10:23.000 --> 00:10:26.759 so two of them got chopped. But anyway, if you're 163 00:10:26.799 --> 00:10:34.879 gonna do it big, make and Drew mount Batton Windsor 164 00:10:36.240 --> 00:10:39.240 go through Trader's Gate, put him in the cell at 165 00:10:39.279 --> 00:10:44.279 the tower, make him look down on the Anne Boleyn memorial. 166 00:10:45.320 --> 00:10:48.240 They took him to Time's Valley, you know, and Tim's 167 00:10:48.320 --> 00:10:50.480 Valley Police. I mean, you see them all in the 168 00:10:50.519 --> 00:10:56.039 English cop shows, every cop almost every cop we're Tim's 169 00:10:56.159 --> 00:11:00.639 Valley Police. They have so many detectives. That place must 170 00:11:00.679 --> 00:11:04.279 have the biggest murder rate in the entire world because 171 00:11:04.759 --> 00:11:11.399 so many detective shows. Midsommer, you know, the Midsummer thing. 172 00:11:12.399 --> 00:11:17.639 Every episode three people get killed, and it's like dag Man. 173 00:11:17.720 --> 00:11:20.879 This place is just jumping with murders. Every detective they 174 00:11:21.000 --> 00:11:28.559 at like thirty five forty detective shows. Anyway, Democrats here 175 00:11:28.799 --> 00:11:34.600 are dancing themselves silly. New Mexico A representative Mulane stands Bury, 176 00:11:34.919 --> 00:11:38.120 part of the Sedition crew this edition six. If a 177 00:11:38.200 --> 00:11:42.200 prince can be held accountable, celt can that president? Yeah, 178 00:11:42.240 --> 00:11:47.759 so can congress women who deal in sedition. Miss Mulane 179 00:11:47.840 --> 00:11:53.279 stands Bury. Robert Garcia, that congress person out of California, 180 00:11:54.840 --> 00:11:59.000 is calling for Mount Batton Windsor to come clean about 181 00:11:59.039 --> 00:12:03.120 his time, his ties with Epstein. And now it's time 182 00:12:03.159 --> 00:12:05.639 for the United States to end the White House cover 183 00:12:05.799 --> 00:12:11.600 up these people, these one note Somba Democrats with this 184 00:12:11.720 --> 00:12:16.600 Trumps involved thing, it's just ridiculous. But anyway, and then 185 00:12:16.679 --> 00:12:23.360 others top House Democrat, former Prince Andrew arrests enormous step forward. 186 00:12:26.480 --> 00:12:30.080 One of these days I'm gonna actually speak about because 187 00:12:30.279 --> 00:12:33.240 then you have the stories about the so called the 188 00:12:33.399 --> 00:12:37.039 victims of Epstein. And I've said before some of them 189 00:12:37.120 --> 00:12:44.399 are genuine victims, others I don't think so. And I'm 190 00:12:44.440 --> 00:12:49.279 getting a little fed up with all this victimization around women, 191 00:12:50.240 --> 00:12:55.480 including some who were seventeen, yes, that knew exactly what 192 00:12:55.600 --> 00:13:00.279 they were doing and now and even recruiting other girls 193 00:13:00.360 --> 00:13:00.759 to do it. 194 00:13:01.200 --> 00:13:01.919 And now the. 195 00:13:01.879 --> 00:13:05.080 Whole world's supposed to just feel sorry for them because 196 00:13:05.080 --> 00:13:10.120 they want to call themselves victim when they knew exactly 197 00:13:10.200 --> 00:13:15.159 what they were doing and recruiting other girls to do 198 00:13:15.200 --> 00:13:17.960 the same. But we're not supposed to talk about that. 199 00:13:18.159 --> 00:13:25.200 Oh no, anyway, let's take a quick break because Latina 200 00:13:25.480 --> 00:13:30.879 is back. Latina Brown sounds like, you know, Jackie Brown, 201 00:13:30.919 --> 00:13:33.799 remember the Quentin Tarantiotto movie Jackie Brown. It sounds like 202 00:13:33.840 --> 00:13:35.840 we could do it in the movie with Latina Brown. 203 00:13:37.879 --> 00:13:40.559 She's back and some of the other activists are back. 204 00:13:40.679 --> 00:13:45.759 They're all, ma'am. Domi in New York, has these people upset? 205 00:13:46.480 --> 00:13:48.120 James Golden slurly with you here. 206 00:13:50.120 --> 00:13:53.200 Fast. This hour in American media continues. 207 00:13:54.240 --> 00:13:54.519 Rash. 208 00:13:54.639 --> 00:14:06.120 This is the Rush Hour with James Golden. The Rush 209 00:14:06.159 --> 00:14:10.679 Hour with James Golden, entertaining and informative. 210 00:14:10.240 --> 00:14:19.000 On the Red Apple podcast network. 211 00:14:26.720 --> 00:14:30.279 James Golden, known popularly as both Nerdly, This is. 212 00:14:30.639 --> 00:14:35.000 The Rush Hour with James Golden. Rush. 213 00:14:35.039 --> 00:14:37.279 So we're looking at the clock. Welcome back, folks, and 214 00:14:37.320 --> 00:14:39.600 we realize we don't have enough time to get the 215 00:14:39.639 --> 00:14:45.159 full Latina Brown cut in. If anybody knows Latina Latina Brown, 216 00:14:45.759 --> 00:14:49.480 tell her she's wanted on this program because I want 217 00:14:49.519 --> 00:14:50.399 to have this woman on. 218 00:14:51.360 --> 00:14:53.039 We may be able to squeeze to. 219 00:14:53.000 --> 00:14:56.120 It after we check in with mister Bond, but if not, 220 00:14:56.159 --> 00:14:59.080 we will hold it for tomorrow. People are going off. 221 00:14:59.200 --> 00:15:05.320 They are realized who and what man Damie really is. 222 00:15:06.360 --> 00:15:09.679 Now there's also another case that we cannot get to 223 00:15:09.879 --> 00:15:13.440 just now. I could play one sound bite, but it 224 00:15:13.440 --> 00:15:17.720 doesn't explain the full story. This happened down in Georgia. 225 00:15:18.080 --> 00:15:25.600 A highly respected black educator, woman teacher, and she taught 226 00:15:25.679 --> 00:15:30.120 special needs children and anybody that knows how difficult that is. 227 00:15:30.639 --> 00:15:34.600 She's so loved for the work that she does and 228 00:15:34.840 --> 00:15:41.279 well did. In Georgia, you had an Ice stop. ICE 229 00:15:41.320 --> 00:15:48.840 had stopped an illegal immigrant. He decided to flee in 230 00:15:48.919 --> 00:15:56.480 a truck pickup truck high speed during the course of 231 00:15:56.759 --> 00:16:02.200 ICE chasing him after he took off and decided not 232 00:16:02.320 --> 00:16:06.720 to obey orders from ICE here in this country illegally, 233 00:16:08.600 --> 00:16:15.039 he does and pops a U turn and slams into 234 00:16:15.120 --> 00:16:16.480 the car of this teacher. 235 00:16:16.519 --> 00:16:20.080 She happens to be black by the way he kills her. 236 00:16:22.240 --> 00:16:29.519 She is dead, and some in the left have taken 237 00:16:29.600 --> 00:16:32.840 to blaming Ice, saying they shouldn't have been chasing him. 238 00:16:34.639 --> 00:16:39.840 But there is rage, a growing rage on the part 239 00:16:40.960 --> 00:16:43.720 of some of the residents in Georgia who number one 240 00:16:43.799 --> 00:16:50.039 don't understand why this story has not generated national headlines, 241 00:16:51.360 --> 00:16:57.080 why it isn't being talked about like Renee Good, because 242 00:16:57.360 --> 00:17:02.080 the victim here was a black school teacher killed by 243 00:17:02.200 --> 00:17:06.920 an illegal immigrant. We will cover that story in detail 244 00:17:07.079 --> 00:17:08.759 at some point this week. We got to take a 245 00:17:08.839 --> 00:17:10.640 quick break. When we get back, mister Bond is going 246 00:17:10.680 --> 00:17:15.079 to join us, So whatever you do, do not go away. 247 00:17:15.119 --> 00:17:17.440 We've got so much more on This fastest hour in 248 00:17:17.680 --> 00:17:19.200 American media. 249 00:17:19.240 --> 00:17:23.960 The Rush Hour with James Golden, entertaining and informative on 250 00:17:24.000 --> 00:17:38.240 the Red Apple podcast network. 251 00:17:40.319 --> 00:17:43.440 James Golden, known popularly as both Nerdly. 252 00:17:43.359 --> 00:17:46.799 This is the Rush Hour with James Golden. 253 00:17:47.039 --> 00:17:53.400 Rush James Golden, starting with your hair all right. Time 254 00:17:53.480 --> 00:17:56.480 for mister Bond, folks, his real name is not Bond. 255 00:17:58.200 --> 00:18:03.279 He and I met sim the beautiful seas of the 256 00:18:03.279 --> 00:18:08.480 Adriatic Sea on a cruise. I saw him, We shared 257 00:18:08.480 --> 00:18:12.839 at dinner table and he arved in a tuxedo that 258 00:18:13.039 --> 00:18:18.400 was so exquetly tailored and everything, which so finally coff 259 00:18:18.519 --> 00:18:22.759 I said, my gosh, you look Lord James Bond. Mike 260 00:18:24.000 --> 00:18:26.640 and I said, I guess what. I seriously, I came 261 00:18:26.640 --> 00:18:29.319 home talking and I said, Man, you gotta see this guy. 262 00:18:29.480 --> 00:18:31.880 This guy saw in a cruise. Man, this guy wore tuxsie. 263 00:18:31.880 --> 00:18:34.440 I never seen nobody look as sharp as in a 264 00:18:34.559 --> 00:18:36.960 tux seedor as this guy did. He looked like James Bond, 265 00:18:37.720 --> 00:18:40.119 and so I've been calling him mister Bond. In reality, 266 00:18:40.160 --> 00:18:42.640 his name is Tom Lemming. He is the chief investment 267 00:18:42.839 --> 00:18:48.680 officer of Normandy Investment Advisers. He said, over thirty six 268 00:18:48.759 --> 00:18:53.279 years of investment experience, and before that was an engineer. 269 00:18:54.440 --> 00:18:58.640 What a brain for over ten years? Uh Tom, mister Bond, 270 00:18:58.720 --> 00:18:59.720 welcome to the show. 271 00:18:59.720 --> 00:19:03.000 How are you very good? James? Thank you? And you're 272 00:19:03.039 --> 00:19:04.960 too kind, way too kind. 273 00:19:05.039 --> 00:19:07.200 Well, yes, I'm told that once in a while, but 274 00:19:08.720 --> 00:19:13.519 not by many. We had a call on the Saturday Show, 275 00:19:14.640 --> 00:19:18.319 and you've heard the call. He wanted to know what 276 00:19:18.400 --> 00:19:22.039 could explain the high prices of gold. I said, what 277 00:19:22.119 --> 00:19:25.480 a great opportunity. I told him Saturday, we're gonna have 278 00:19:25.519 --> 00:19:29.519 mister Tom Lemming on the show, and he will explain 279 00:19:29.759 --> 00:19:34.119 because he's a financial expert and he and I and Tommy, 280 00:19:34.119 --> 00:19:35.839 you and I have also talked about we are going 281 00:19:35.880 --> 00:19:39.880 to have you on the Saturday show because you and 282 00:19:39.920 --> 00:19:44.559 I have been talking about the four seasons of financial health. 283 00:19:44.599 --> 00:19:48.079 People go through different things, and we're going to keep 284 00:19:48.119 --> 00:19:51.279 revisiting these topics what people should do at different stages 285 00:19:51.319 --> 00:19:54.480 in their lives with finance and so forth. But let's 286 00:19:54.799 --> 00:19:58.920 get to his question, which was what explains what's happening 287 00:19:59.039 --> 00:20:03.319 with gold now? And I guess by extension precious metals 288 00:20:03.400 --> 00:20:04.640 and their prices. 289 00:20:06.359 --> 00:20:10.480 Yeah, James, I'd focus on three things. One is just 290 00:20:10.599 --> 00:20:13.920 basedic econ one oh one that a lot of your 291 00:20:13.960 --> 00:20:17.839 listeners probably had in college, supplying demand curves. You'd see 292 00:20:17.839 --> 00:20:21.759 those drawn. Supply has not then that interesting, but demand 293 00:20:21.839 --> 00:20:26.680 has definitely gone up from central banks around the world. Interestingly, 294 00:20:26.920 --> 00:20:30.640 Poland now owns more gold. It's central bank owns more 295 00:20:30.640 --> 00:20:33.720 gold than the European Central Bank, and Poland was the 296 00:20:33.720 --> 00:20:38.359 biggest buyer of gold last year among banks, and Princess 297 00:20:38.400 --> 00:20:40.400 Die on Your show on Saturday mentioned some of that. 298 00:20:40.519 --> 00:20:44.440 China has been a big buyer Brazil, India and a 299 00:20:44.480 --> 00:20:47.359 few other central banks. That's part of it, but that 300 00:20:47.400 --> 00:20:50.240 doesn't explain all of it. In my mind, some of it, 301 00:20:50.319 --> 00:20:53.519 and this is probably the most important part, is just speculation. 302 00:20:54.720 --> 00:20:58.880 Gold has gone asymptotic and sort of other commodities. And 303 00:20:58.920 --> 00:21:01.720 we'll talk about why that's the case, why everything at once, 304 00:21:02.319 --> 00:21:06.559 But the thing that's noticed with bubbles, whether it's Internet 305 00:21:06.599 --> 00:21:10.000 stocks in the late nineties or housing in the four 306 00:21:09.960 --> 00:21:13.359 to five time period, or even AI stocks today, the 307 00:21:13.440 --> 00:21:16.680 higher the price goes, the better the story gets as 308 00:21:16.759 --> 00:21:19.079 to why you need to continue to own this or 309 00:21:19.119 --> 00:21:23.519 buy more. And it creates that fear of missing out fomo. 310 00:21:24.440 --> 00:21:27.359 And so that's part of the speculation. And then finally, 311 00:21:27.599 --> 00:21:29.799 the third one I would say is the yardstick by 312 00:21:29.839 --> 00:21:34.440 which we measure gold keeps shrinking. So that's the dollar. 313 00:21:34.640 --> 00:21:38.519 Gold is priced around the world. Most transactions are en dollars. 314 00:21:38.559 --> 00:21:42.559 It's because the dollars the world's reserve currency, and if 315 00:21:42.599 --> 00:21:45.279 you keep shrinking the value of the dollar through inflation, 316 00:21:46.000 --> 00:21:49.640 then you're gonna get gold at higher prices. I liken 317 00:21:49.759 --> 00:21:52.039 that to if you measure the dimensions of the room 318 00:21:52.119 --> 00:21:54.680 you're in, and if I lay a yard stick down 319 00:21:54.960 --> 00:21:57.720 five times in this direction and five times in the other. 320 00:21:57.799 --> 00:22:01.319 I'm in a five y five yard room. If one 321 00:22:01.319 --> 00:22:04.519 of my kids cut six inches off that yard stick 322 00:22:05.000 --> 00:22:07.079 and a month later, I can't remember, I'm going to 323 00:22:07.119 --> 00:22:09.640 measure my room again and I lay it down, I'd 324 00:22:09.720 --> 00:22:12.759 lay that yardstick down six times. Now, Now my room 325 00:22:12.799 --> 00:22:16.039 didn't get bigger, and gold is not any better than 326 00:22:16.079 --> 00:22:20.319 it was. Same conductivity, same number of protons in the atom, 327 00:22:21.279 --> 00:22:24.680 same color, but the way in which we're measuring the 328 00:22:24.759 --> 00:22:27.440 value of it has diminished. And so that's why you 329 00:22:27.480 --> 00:22:33.119 see everything precious metals, uranium, even stocks have been driven higher, 330 00:22:33.119 --> 00:22:38.759 and housing prices, so they're all related, and in that 331 00:22:38.880 --> 00:22:40.880 case it's related to a week or dollar. 332 00:22:42.599 --> 00:22:42.960 Hmm. 333 00:22:43.920 --> 00:22:46.680 All right, let me ask you one general question for today. 334 00:22:48.640 --> 00:22:50.759 You said we would get back and talk about you're 335 00:22:50.759 --> 00:22:52.319 going to cook something, But let me let me just 336 00:22:52.359 --> 00:22:57.599 ask you this. Where do you, in broad strokes, not specifics, 337 00:22:57.599 --> 00:23:03.640 are you optimistic, passive, mystic, neutral about where the American 338 00:23:03.799 --> 00:23:05.160 economy is headed. 339 00:23:06.920 --> 00:23:10.039 I'm optimistic in terms of the policies, in terms of 340 00:23:10.119 --> 00:23:14.960 lesser regulation, all of those things are very positive. But 341 00:23:15.720 --> 00:23:19.119 Donald Trump came into office with stocks up a lot. 342 00:23:19.559 --> 00:23:22.480 It does remind me certainly for the Internet related or 343 00:23:22.920 --> 00:23:25.279 in this case now the AI related parts of the 344 00:23:25.319 --> 00:23:29.519 market very expensive, just like the late nineties. And so 345 00:23:30.559 --> 00:23:33.240 by the time the two thousand rulled around, we were 346 00:23:33.279 --> 00:23:35.839 clearly in a bubble. And by two thousand and nine 347 00:23:35.880 --> 00:23:38.559 stock prices were even lower than they were in two thousand. 348 00:23:39.440 --> 00:23:42.480 I am worried about that that we were going to 349 00:23:42.559 --> 00:23:46.039 need all these positive policies to try to grow out 350 00:23:46.079 --> 00:23:49.640 of the high prices. There's only there's only been two 351 00:23:49.640 --> 00:23:54.359 periods of time where price earnings multiples are higher than today, 352 00:23:55.079 --> 00:23:58.680 and that's nineteen twenty nine and two thousands. That's not good. 353 00:23:58.680 --> 00:24:03.319 Company will need these good policies to grow our way 354 00:24:03.319 --> 00:24:06.480 out of it. So there's places where an investor can go, 355 00:24:06.839 --> 00:24:09.480 just like in two thousand. But I worry about the 356 00:24:09.559 --> 00:24:12.720 broader indices, whether it's like the S and P five hundred, 357 00:24:13.000 --> 00:24:15.440 and I worry about gold. When things go on symtotic, 358 00:24:15.519 --> 00:24:18.519 it's time to start asking some pretty hard questions. 359 00:24:19.920 --> 00:24:23.720 Great, great advice, Okay, we've got that. 360 00:24:23.839 --> 00:24:25.759 I'm going to ask you to come back with us 361 00:24:25.839 --> 00:24:30.640 on the Saturday program within a very few days. We 362 00:24:31.160 --> 00:24:35.759 will start talking about what especially young people I want 363 00:24:35.799 --> 00:24:38.920 to get started with them. What do young people do 364 00:24:39.079 --> 00:24:42.039 that are just starting out now to secure their future? 365 00:24:42.119 --> 00:24:45.680 So if you don't mind, that will be the first 366 00:24:45.680 --> 00:24:47.839 thing that we talk about. Then there was a brilliant 367 00:24:47.920 --> 00:24:51.480 article in the Wall Street Journal, and this article it 368 00:24:51.559 --> 00:24:55.039 says that you will over sixty five, congratulations, you own 369 00:24:55.680 --> 00:24:58.519 the economy. The premise of that is that the elderly 370 00:24:59.119 --> 00:25:03.759 are physically and financially healthier than ever, so why do 371 00:25:03.880 --> 00:25:08.519 their needs keep taking priority over younger generations? But it's 372 00:25:08.559 --> 00:25:14.559 a lengthy article that talks about how the elderly grew wealth, 373 00:25:14.960 --> 00:25:16.839 and so we're going to cover all that stuff. 374 00:25:16.880 --> 00:25:20.279 Tom, I'd love to do that, James. 375 00:25:20.240 --> 00:25:22.960 Okay, everybody, that is mister Bond. 376 00:25:23.240 --> 00:25:26.200 Tom Allomming is his name, Chief investment officer of Normandy 377 00:25:26.319 --> 00:25:31.359 Investment Advisors. He's a seasoned investment advisor, as you can 378 00:25:31.480 --> 00:25:36.599 hear when he talks about the past and how things 379 00:25:36.720 --> 00:25:42.160 have shaped out in previous decades, in previous bubbles. So 380 00:25:42.200 --> 00:25:45.359 I'm looking forward to you getting to know Tom very well, 381 00:25:45.680 --> 00:25:49.119 especially on our Saturday program. Thanks again Tom for joining us. 382 00:25:49.799 --> 00:25:52.680 Thank you, James, looking forward to thank you. 383 00:25:52.759 --> 00:25:56.480 James Golan snarly here with you let's go to the 384 00:25:56.799 --> 00:26:00.279 break now so we can do that a and have 385 00:26:00.359 --> 00:26:02.119 some time. On the other side, we're gonna check in 386 00:26:02.200 --> 00:26:04.599 if we have time. We're gonna check in with Latina. 387 00:26:05.920 --> 00:26:12.359 James Golden. Fastest hour in American media continues Rush. 388 00:26:12.559 --> 00:26:24.119 This is the Rush Hour with James Golden, The Rush 389 00:26:24.160 --> 00:26:28.759 Hour with James Golden entertaining and informative. 390 00:26:28.200 --> 00:26:37.119 On the Red Apple podcast network. 391 00:26:48.160 --> 00:26:54.680 It's the Rush Hour with James Golden. Rush. Now here's 392 00:26:54.839 --> 00:26:55.759 James Golden. 393 00:26:57.039 --> 00:26:57.279 Wow. 394 00:26:57.359 --> 00:27:02.920 The beautiful voice of Smokey Robinson and the Miracles his wife. 395 00:27:03.480 --> 00:27:06.480 By the way, at the time, you hear her voice 396 00:27:06.519 --> 00:27:09.680 loud and clear in the background vocals. She didn't perform 397 00:27:09.720 --> 00:27:11.799 with them for many years, but she did continue to 398 00:27:11.839 --> 00:27:13.759 sing with the group. She was part of the original 399 00:27:13.759 --> 00:27:18.200 Miracles anyway. Today's birthday of Bobby Rogers, who was born 400 00:27:18.200 --> 00:27:23.759 in nineteen forty, American musician and tenor singer with Smokey 401 00:27:23.920 --> 00:27:28.400