The Establishment is Failing Us, with Charles Payne

how to put more money in your pocket. In fact, he's the founder and CEO of Wall Street Strategies at independent stock market research Company. He's a veteran of the financial industry and he's also a veteran of the U S. Air Force. I'm happy to welcome Charles Pain to the show. Brother Charles Pain, thank you for joining Out Allow with Gianno Called And it's such a pleasure to have you on today. Thank you, thank you very much, as a pleasure.

Absolutely Before we get into politics and the economy, I want to ask you about a year that I think we're all we're all happy to leave behind. And as we entered this new year and looked back at the last twelve months, what did mean to you? Um, how do you remember it? Ward were the lessons political, economical, cultural, and otherwise? How what should we learn from such a

chaotic year? You know, there's so many things, but if I had to put something at the very top, I think we should learn that we can survive, you know, that we that we can endure immense challenges. You know, because I think we got into a place, certainly in America where we were pretty comfortable. You know, I listen, I I remember, and I joined the military. You know, I wanted a policeman, security policeman, and there was a chance if where was the war, I could have gone

at war, but there wasn't. You know. Of course the Afghan stuff came after that. But the thing is is that we've had a pretty long stretch without really being

challenged as a nation. And then you know, even some people individually, because this was there was a year that I don't know how you couldn't have had someone that you knew, the someone in your only that was that that had COVID nineteen or maybe passed away from it, so that that hadn't no necessarily they had you know, limited economic barriers in terms of that and then what I was I was I was also disappointed because I had always said to people, you know, the country was

so divided. I always said, the only thing that could probably ever unite us as a country with an invasion by martians. Uh. The number two things would be an invasion by a virus, unknown virus that started in a different country. And unfortunately number two didn't work. So on one hand, I say, we applaud ourselves for making it through this. It was very tough, uh, in different ways for for different people, but as there's no way you didn't come out unscathed somehow, and yet it didn't make

us more united. In fact, in many ways we're more divided. So on an individual level, it's it's let's give ourselves around of applause. As a country, we need to probably be more introspective and concerned the division. We know a lot had to do with our politics, the politics of a year, not necessarily the virus, although we saw mayors and governors and local officials across the country used it as a political weapon for some and some even believed it.

And you know, we've seen reports on it, reporters saying that elected officials were using it to cause a real destruction disruption in the election that was going to benefit Joe Biden. Do you agree with that assessment. I agree with that, and I think even more worrisome than than local government officials, they even national no matter who they are, because politicians are politicians. I think the worst players in

this were the media. By far. Was a year of the media just removed all pretense of their animosity and not an animosity toward President Trump and an animosity toward anyone who might admire President Trump, who might have voted for President Trump. They removed it. I think it always existed, but they removed all pretense and went completely the war with those people. And there's a consequence. It made it made that nation weaker. You know, every story can't be

how dumb we are. Oh, everyone's doing the COVID thing better than we are then of course. Uh. I saw an article today on Japan, you know, and how awful COVID has spiked in Japan. There's so much smarter than us, because their leaders so much smarter. It's all the self doubt, all of this stuff. I mean, we're not gonna know all the ins and outs about this whole COVID nineteen

for many years after it's over. We may learn some things that will shock us surprises, we may learn some things we thought we're right, we're wrong, and vice versa. But the point is, you know, the play by play every single day was designed to specifically make anyone who didn't think the way that the media thought, or anyone who might have given President Trump any credibility at all.

It was a complete war against them. And you know, the irony is a continuous right, So the same people that said President Trump was misleading, not smart or whatever for even suggesting there could be a vaccine before the end of the year are now complaining that is not being distributed properly. So it never stops, right, it never so. I think the media by far, by far was worse than politicians. I come to expect hypocrisy and phoniness from politicians,

but we saw from the media. It breaks my heart. I mean, they went to war with with with people who didn't think like them. So the biggest losers was the media in your view, I think the American public because we were being so we aren't being served by these major institutions that we to a degree in power, right, we empower these politicians, uh, you know, the media. So I think we were losers in that way, but I think we were also winners in a sense that from

what I loved about individuals. And one of the things, ironically and even reflected in the stock market was there was sort of an internal epiphany I think in America that there was a simpler time, a time when we were more self reliance. And it really felt like we went for that last year, like you know, you know, we ran out of Mason jars. In America, people were

making preservatives. Uh, the people were sew in close, and they wanted to move out to into the suburbs or out to the country, and they wanted to get a car, they wanted to drive themselves. Just there was a sort of many independence movement also, and I think that was a sort of either direct or indirect rejection of these institutions that we had come to think we're on our side, and I think many people believe they're not, you know,

And and that's such an interesting perspective. And to that point, I have a friend who had lost her job and she was trying to figure out how she was gonna make it, and she started a business backup that she had previously in healthcare, and she calls me up one day. It was a Friday. I remember the day, and she was crying and I said, what's going on, what's wrong?

And she said, I just want to thank you for always being a listening year and supporting me because you're looking at one of America's newest millionaires or rather talking to and I was like wow, And it was just it was just that determination that there was so much opportunity out here and you had no choice. You couldn't rely on the ever meant to save You couldn't rely on getting a new job because a lot of corporations were slashing jobs left and right, so many people unemployed.

But then that's an ingenuity where someone says, here's an opportunity, I'm gonna go after it with everything within me. So I think that's great, and that's one of the best things that came out of last year for so many people. I think I haven't looked in a two months, uh, you know, because the data is a little bit delayed, but the number of entrepreneurs created in was mind bottling. It was absolutely mind bottling. The amount of people and again,

a lot of them had to write. You know, they a lot of them have their back to the wall. But I think a lot of people also said, this is my chance to go ahead, and and and you know, because the concept of waiting, the concept of comfort, all those things were pushed aside. All those things that allow us to procrastinate actually were raced. And if you really wanted to do something and you kept putting it off,

then you finally said I'm gonna do it. If you really wanted to try something, but you were kind of comfortable, you know, every now and then you get upset with the boss and say, for for sure, this time I'm putting and I'm gonna start my own business. Something may have happened on the next week, and you know, you put it off. Everything those things that we were putting off, those things we were allowed to procrastinate, were made easier.

And the same thing with the stock marketing. Millions, millions, millions of people created stock market accounts last year, millions. And the beautiful thing is they did better than wall streets. It was really it was just time people took control

of their lives, you know. And I love it. I just love when people pull themselves up by their own bootstraps, and they're no longer afraid or their backs have been even if their backs have been pushed against the wall, and they felt like there was the only alternative they had, they did it and that was important. And I think that's the key word. When a person feels like they have no no choice. That's I think when a lot

of people truly succeed. Sticking with the main headline of which was coronavirus pandemic and latest COVID relief package, which is now law, told us about nine billion and include six hundred dollars stimulus checks to millions of Americans. However, President Trump, many Democrats, and some Republicans want to increase checks to two thousand dollars, but Senate Majority Leader Mitch McConnell has blocked the bill. And we know he's saying

that there's no realistic path. And honestly, and you know we've been on there and we've talked about it, I think Republicans have become derelict and their duties to the American people. This isn't welfare, this is their tax dollars. There should go back to them three trillion dollars and taxes collected and payroll, income tax, and corporate tax every year.

And yet two thousand dollars, according to Mitch McConnell, is too much and is somehow socialism when you've got people truly struggling and this is their money, This is no one, no one's asking for a hand out. Nothing like this has ever happened in this country. How dare you not give the American people their money back? And I think the Republicans have really disgraced themselves in this moment. A lot of them have, but you know a lot of

them have been waiting for this moment. You know, let's face it, there the establishment, a few of them, we're so disgruntled that they, you know, either wrote books or went often created things like the Link and Project. And then some of them hunk tough to get what they could out of the President Trump, Supreme Court justices, federal judges, removal regulations, lower taxes. So some played the game. Uh, and now of course they feel like they don't have

to play the game anymore. But here's what they're missing. The voters, Republican voters have already designed it. And this whole longing, this whole longing for you know, this sort of quasi intellectual establishment Republicans that ran everything for a long time is over, and I hope it stays over. Republican voters, just like Democratic voters for years, voted against their own self interests. They voted for years in ways that are rich the ultimate folks, the riches of the rich.

They voted in ways that actually helped to send their jobs overseas. They voted in ways that actually, you know, help their communities become drug written. They voted against their own self interests. And and mostly out of following taglines, hey, that's free market principles. What the hell is that? And so the same way that Democrats, Democrat voters vote against ceneral self interests for decades, Republican voters have and they had an epiphany. And what I'm praying is that it

doesn't fade away. And this move by Ms McConnell is so confusing, it's so it's so heartbreaking, and for him to use the term socialism, I'm so confused by that. You know, again, it is means tests that. In other words, if you at seventy five dollars, it's it starts to go away. And ninety ninety thousand goes away completely. So it's means tests that you know, I'm not I wouldn't get a check. And here's the irony when you go through those fifty six hundred pages, there are things in

there that benefit very rich people. Very rich people, by the way, who took a big chunk of the p p P program. One percent of the recipients got the money. There were billionaires who were able to have each individual franchise location up their billion all our operation get money. And oh, by the way, in this new bill, they get to not only not pay it back, they get to take a tax break on any costs that were

associated with getting the money. So so if I hired someone or I kept someone on a bought a new laptop, I can write that off. So the billionaires that that Ms McConnell is protecting, they are actually making money. You want to talk about corporate chrony ism, corporate socialism, that's

the kind of thing that's disgusting. That's the kind of thing that that makes the Republican Party weaker and gives ALC a larger platform to to to to talk from because it is a legitimate great I mean, I thought he would at least wait until the dust settled to show his true colors. But to do it now unless you know, listen, maybe he's playing some form of chess I've never seen before, and and maybe at the last minute it would be sort of like you know, the

old Greek plays. I don't know how to say an a latinists do ask mccanna something like that that goes to the machine, you know, the old Greek plays, and that that at the very end it looked like it could happen, and then they they have a guy on a love you on a rope come down right and save the day. And the whole thing has been the

basis of of plays in theater for forever. You know, I guess maybe who knows, Maybe on January four, a ghost will come out the machine and Ms McConnell will be holding the rope and somehow I won't say, oh my god, he's brilliant, brilliant. It does care, but I don't I don't think it did happen. Yeah, I agree,

I don't think that that's gonna happen either. And you know what's so interesting about it is part of the reason that Trump was so successful in sixteen is because he was raising issues that we often talked about at our kitchen table with politicians, whether they be Democrats and Republicans. I mean maybe a Bernie Sanders to a degree. I talked about jobs going overseas. Uh, we gotta take care

of America first, and all these different things. But what we see in this this latest bill is Americans aren't being taken care of first. It's that exact opposite. And you know, to the point of the seventy five thousand dollars, the ninety thousand dollars in terms of the means test, what I have a big issue with is if last year I made ninety thousand dollars a hundred thousand, a million dollars, but this year I'm broke, Uh, What's what's the point? Like, why am I being counted out of

out of this? But yet, as you mentioned, so many of these billionaires, in big time guys who somehow made more money in this economy, they're being well taken care of. It is really a disgraces, is what I think. Now. I agree you can't use the two thousand and nineteen tax returns to the two thousand and eighteen tax returns because things have changed dramatically, and and ultimately the bottom line is it's it's just not a realistic It's just

not realistic. Who was it? Another Republican senator tweeted the other day, Ron Johnson, I think someone I got so upset. I tweeted back at him, and you know, he was complaining about the first stimulus package, and he says, well, you know, a lot of money went to savings, a lot of money went to pay down bills, so people didn't spend the money. So it was a failure. And I'm sating to myself, is this guy? Is he? What

the hell are you know? Uh? I think my tweet went something along the line, we are not, you know, working blind working. It's right like. And here's the thing. From an economic point of view, I love that. I love to see households pay down their debt. I love to see them put money in savings. That means that they have a stronger balance sheet coming into the new year. And you know what eventually happens with that strong balance sheet. So'll buy a house, right, they'll buy a car, They'll

make an investment. I mean this whole idea. He sounded more like Nancy Pelosi, a few years ago when she was arguing for for welfare payments and food stamps and and expanding those programs, she said they had a multiplier effect. And here's the thing. No one got offended, right, No, no, nobody who was the recipient of it. But she was more or less saying, if you give poor people a dollar and food sam still spend a buck fifty, right,

So had a multiplier effect. And so Ron Johnson it sounds like the same thing, like he just wants people to be dumb. Okay, you know, you give me a buck and I'll go out and spend a buck fifty up, put a dollar fifty on my credit card for every dollar you give me. You know, I let the American people would be smart. I thought it was brilliant what they did. We saw a bit of v shape recovery after that money went out in every single sector. We

saw it all across the board everywhere. And and so what you know, let them if somebody can pay down their bills right now, that's what I want them to do. I don't want them to go out and and and go on a shopping spree because I know ultimately, ultimately that money will circulate in the economy in a smart way that would benefit those households so that they can actually enrich themselves in their families in the long term and not just be pawns of a government that wants

them iniferlate them. Yeah, speaking of the economy, we gotta go to the quick break to pay our bills. But we'll continue this conversation after the break and looking at the economic fallout of the coronavirus. More broadly, what are your thoughts on the lockdowns to so many Americans have endured where they are mistake and how do you know we weigh the public health versus the economic well being of individuals? Well, I think that draconian the ham fistedness

of the lockdown are definitely a mistake. And and that's one of the things that even now in real time you can kind of you can see things. Uh, the states with the highest unemployment are the states with the most Dreconian dropped lockdown rules are the states with the

most deaths are the states where people are leaving. It's something that is not adding up right, I Mean it's like, okay, so if you've had us on these tough lockdowns for this long and our cases are still where they are a place like New York State, which is number number two in depths per capita, you know, per one hundred thousand, uh number number two, and unemployment. People are fleeing, people

are hopeless, people are committing suicide, people are depressed. There had to be a smarter, smarter way about this, and I think ultimately a lot of it has to do with just letting people saying, listen, we trust you'll do the right thing, but we have to learn how to live with this because we want to live. You know, it's like the British and World War Two. The bombings will comb they you know, the go down in the subways wherever they were, and when when they weren't around,

they got up and wouldn't work. Now, I know it's a different kind of thing, but you're living for something, and again it's one of these things. I think when we do all the final analysis, we're going to find out that some of these lockdown measures were just far to draconian. Some of them were seemed tunitive. You know, if New York City says that restaurants are responsible from one point four three percent a coronavirus spread, then why

would they be closed. And by the way of that one point for three percent, overwhelmingly that's employee to employee, Then why would you close them? You know? And so there's just been no rhyme or reason. The children, you know, the children transmitting to adults, it's just so low. You know, you start to get into numbers that you have an easier chance of getting hit in the head by branches falling off retreat, you know, when you start to get very granul granular with some of this stuff. We know

how deadly it is. But I can tell you firsthand the psychological, economic, and even physical toll from the lockdowns has been underappreciated by the people in power. And it's unfortunate because it has been. It's in and of itself, it has been a killer. Yeah, I absolutely agree with that.

And I think you see New York State in California and you see how restrictive they are and how people are flowing out to Florida, which is where I am right now, and they the governor RHNDA sent and said, hey, we're gonna keep things open here because poverty kills too. And that's such an important message that I think a lot of these politicians have forgot isolation kills also absolutely

now it's it's easy to forget that. Before the coronavirus hit, the U s was enjoying a great economy under President Trump. Economic growth was strong and consistent, while unemployment was low. The lowis on record for Blacks hispanics. Can you discuss how strong the economy was and why I was doing so well? Which policies of the Trump administration was, you know, most effective and should be continued if you know there was actually an opportunity. We know Joe Biden's taken offer.

So what do you think first and foremost? When it comes to unemployment in the ployment rate, people need to understand there are six ways of measuring that by the Bureau of Labor Statistics. The one that the media uses is called the youth three. And I have some problems with the youth three because when people leave the labor force, they're no longer counted. And so when President Obama says the unemployment went down into his watch, it didn't really

go down. You have millions upon millions upon millions of people who gave up so they were no longer counted. You know, Jiano, if if you and I and and and some friends. If ten of us are on a ship and we got stuck on a deserted island and we said we're not we're not sure when we're gonna be Um, you know when we're gonna be rescued. So let's all divvy up some chores and do some things, and and then you know, all of his works, so

you have full employment after a few weeks. If someone and a couple of guys got discouraged and says, well, you know what, you know, we're not gonna work, and so now you have eight people working, the federal government will still say you had full employment because though you know, two of them weren't working because the other two have just dropped out of the labor force. So now there's another way that happens is you know, there's an authentic

way when people more people get jobs. And the reason I will have to bring that up is because when you have this discussion, someone invariably says, well, unemployment went down under Obama, it went down in the Trump in a different way. More people came back to the labor force and got jobs. That is what happened, and that is so critical for everyone to understand it wasn't that

people left and were no longer counted. Millions of people came back to the labor force and they got jobs, and then the unemployment gap between blacks and whites narrowed to as smallest smallest ratio, it's smallest gap ever in November two thousand and nineteen, coming into two thousand and nineteen.

Poverty rates for Blacks and Hispanics who are at an all time low and all time low coming into two thousand and twenty, coming into in two thousand and twenty, Monthly wages versus a year earlier, we're averaging well over three about three point four percent. Three point four or five percent for blue collar workers doesn't sound like a lot. It hadn't been done for over a decade. For over

a decade, wages were outpacing inflation. Home ownership at this very moment, Hispanic homeownership is the highest it's ever been. Black homeownership is the highest as it was since I think two thousand and eight, right now, even after during the pandemic. So the point is, we were an economic juggernaut. We were an economic juggernaut. And here's an interesting thing. The two things that were kind of slowed down a little bit late last year, household formation a little bit,

and manufacturing a little bit. The first two months three months of the year, they became juggernauts. So that's what you call in financial terms. Those were those are headwinds, because you know they were gone in they're kind of pushing us back. They actually became tell winds. We were firing on all cylinders. I think would have been an economic year unlike anyone alive had ever seen. We were

that much of a juggernaut. And that, by the way, is one of the reasons why we did have a V shaped recovery, because some of that was muscle memory, some of that was momentum that was still in play. And then I think we could pick back up on that if if some of these regulations, if not too many of them are races. We know a lot of them will be. Certainly we don't want the tax policies

erased or reversed. But then there's this one thing called animal spirits, and it's real, and it's just an enthusiasm generating more enthusiasm, and it can be an amazing, an amazing virtue as cycle. And that happened immediately upon the election of President Trump. You go back to November two thousand and sixteen, immediately small business optimism, it had the biggest one month jump in history. A month after the election.

The National Association of home Builders, their data went through the roof traffic for homes UH and positive after being negative for over a decade. It happened instantaneously. You can talk about what you do and removing regulations and lowering taxes. Ultimately, people have to buy into the program, though, and it was just almost like spontaneous combustion. Animal spirits erupted in this country and people started to go out and do

things and make things happen. And when you get that going, when that happens, when people feel like they can do it, they do it and it's infectious. Yeah. So, in other words, the story of the media was telling was duplicitous. They wanted to create a narrative that was going to make people think differently. But people were very confident in the economy, oh they were. And the media didn't talk economy a want.

The only time you would get a media comment on the economy before two thousand and twenty was to sort of say, well, you know, but there's still poor people. Yeah, you know what it's it's an issue. It's been an issue from the very beginning, from the from the dawn of time, for every single country in the world. It has been an issue. But were we moving in the right direct action where they're fewer poor people? Were poor people opportunistic? And by the way, you know, don't compare.

You know that when they compare well, the poor people in America, you know to the rest of the world. You know, around the world. The way you measure poverty as a dollar ninety cents a day, it's how they measure poverty in this country begins at twenty seven thousand dollars. So you know, listen, we want everyone in this country to do very well. And so, but that was those

are the only articles you read. And then of course the only other articles you would read was about the plight of the farmer because of Trump's crazy trade war with China. So uh yeah again, yeah, that's interesting because, for instance, so evanage, which was the main product that China bias from our farmers. Those prices peaked in two thousand and fourteen, they were down fifty when President Trump

has been inaugurated. I did not recall a single story above the full about the plot of the farmers during President Obama's administration, not one I googled it. I tried, I look forward. I'm sure maybe somewhere somewhere, and you know, and maybe in the Butte, Montana Harold, you know, but I didn't see it in any major newspapers. But you know, of course that was something all of a sudden, you know, the editors at the Washington Post so worried, so concerned

about the American farmer. And how many times did you turn on the TV and see some news crew out there talking to some farmer. Trump ruined my business and Chinese with everything. For me, that nothing, What the hell is going on here? Uh? You guys have said any cruise out there before the voters, Well, they were trying to make them hate. But let me ask you, when was the last time you seeing the farmer being interviewed again?

To your point, of course, that tells you that that so he beans, No, there were so he beans are right now, they're at the highest level I think since two thousand and thirteen. Oh, by the way, farm income, farm income was higher every single year the Trump was in office. Then in two thousand and sixteen, you don't

read about it anymore. So the point is is like when it came to the economy, just like when it came to farmers, the media didn't care unless it was unless they were able to portraye in the negative light. And of course you never stopped reading about those articles because obviously when you shut down entire economies, when you have the strange virus that comes from nowhere, there's gonna

be serious economic damage. Yeah. Absolutely, And I'm reminded of a scripture to something you said, the poor will be with us always is what the Bible says, and I want to pick up from there in a moment after a word from our sponsor. But in terms of farmers, really quick now, some have argued that it's the government aide which have kept him afloat, not necessarily their production. Yeah, it doesn't matter. By the way they did government. Every year,

every administration gives them government. Trump did give him more than most. It doesn't matter. That wasn't the point. The point was that they were deliberately targeted by China. You know, imagine, you know, imagine if if we had a beef Canada and they invaded North Dakota. You know, it's it's the China has been robbing, stealing, destroying America from within and without for a long time. None of these politicians had the guts, none of these corporations had the guts to

stand up. Many of these companies would actually go to China and let them steal their intellectual projects just for and so China does as they say, well, well we'll just stop doing business with farmers. And instead of the media saying, listen, this is despicable on China's part. Let's rally around the farmers and let's support them, they tried. They fell right into China's trap, you know, and they tried to make it a negative thing. So again, it

doesn't really matter. The bottom line is that even even before and two thousand nineteen, farm income in two thousand seventeen, two thousand and eighteen, certainly two thousand two twenty was higher, and farm income in one will be through the roof the amount from Phase one. China hasn't you'll read the headline, China hasn't bought everything they promised. Tell you what, my man, They had bought records amount records and they will is gonna be a hell of a year for the American farmer.

The media might give Joe Biden the credit, but there was all the hard work that Trump did, and I'm glad they supported him because they were smart enough to understand they were pawns in a greater game. So they

didn't turn on Trump. They didn't listen to the media because they know the media will never write another story about the farmers unless they can find a negative angle against the Republican And now speaking of China, and you know, there's been reporting that suggested the virus originated there, and we we've seen a number of stories written on that.

But there was a study. The USC did a study and they said that in the worst case scenario, that GDP growth that the United States could have had will be three times in terms of the losses, three times worse than China. And there was also some something that I was reading the show that China would dominate the U. S economy by I'm intrigued. What do you think about this? Is it is it possible that we can still be the world's Hegeman? Well, I think I absolutely The answer

is absolutely yes. I mean, these are estimates, these are guestimates. A lot of this really will depend on whether we sell our souls or not. You know, here's the thing when when Nixon send Kissinger over, I want to say, and I don't want to get this number wrong, and I've done some deep research on it, and I was writing about this and talking about this room in the last ten years are longer. I want to say, China, the average person in China was making like four or

five hundred bucks a year, maybe maybe a thousand. You're you're too young to remember this actress Sally Strugg. She was on this show All in the Family. Yeah, well, she used to come on TV and literally cry and these commercials late night TV and beg Americans to send China some money, please help. We've got to help them. I mean, she'd be in tears, and so we opened

up relationships with them. Then of course, ultimately we let them in in a world trade organization, and all they've done is loots, still, lie, cheat, They've got slave labor. And by the way, this gets back to some of those Republicans, right, who thinks I think it's okay, Hey, if China wants to sell still at a cheap price, why not let them do it. They're dumb. Yeah, they're dumb until the nut dumb. You know, there's the's an

old Twilight Zone episode called the Cookbook. Right, So, while you think they're doing something like do you ever say you said, why would someone sell us something so cheap? They can't be making money on it because as soon as they put all of our still companies out of business, they can raise their prices to whatever the hell they want or keep it from us. So as far as China passing us, that's always been their goal. President She has been really loud about it with the China program.

His predecessor was quiet about it. He didn't want to brag about that or let the world now. But there's no way it can happen if we're smart, if we if we really keep going down this path that President Trump put us on. You know, they're not innovators, think of everything that really they're great copiers, the great thieves, you know, I mean so, but you know, they're not

innovating things. So we have to make sure that they don't get the source code, We have to make sure that they don't ill everything, and we certainly need to be on guard for them selling us stuff that they've stolen from us in the first place, and rewarding them because they're offered at a lower price, and we've just been playing dumb about it. But we also have to reinvigorate the American spirit also. You know, we talked about all these new people who are starting entrepreneurships. We need

to keep that going. I think this notion now that America is so awful, you know, this whole focus on and we're so poor, was so awful. We're so this, we need to raise taxes so we can take care of these people. And it's a defeatist approach. And I think if we go down that path where we deliberately slow up commerce in this country out of some sort of notion that you can't make it in this country, so there's gotta be social justice, then then China will

take overtake us a lot sooner than anyone thought. We don't. It doesn't have to be that way, and I'm certainly gonna make sure I always use my platform to make it, to make sure I I warn't against it. I think if we keep the American entrepreneurship pool, yourself up by the bootstrap, believe in yourself. If we keep that spirit alive well, being number one for a long time. Yeah. Now, you of course worked on Long Street and are expert

on investing in stocks. Broadly speaking, how would you advise the average middle and working class American to handle their money? And these uncertain economic times should we be trying to invest in the stock market? Save? Are there new markets and industries that are catching your eye? I see a lot of people, so they make a lot of money and currency trading currencies, and that's something I've become recently interested in. Well, you know, I still have my business.

It's my main business, Wall Street Strategies. I've been doing this for over thirty years. I have a new book, Unstoppable Prosperity. It has been a grand slam Giano. The book has it's I can't even tell you. I can't even tell you. I do education. Tens of millions of dollars people have paid me in the last year to help educate them. My track record is phenomenal, beyond phenomenal. Yes, invests, Yes, change your life. Please do it, Please do it. That's what my book is all about. I tried my best,

I take all my experience. I became a broker. Well, I started on Wall Street. I became a broker in eighty six, and so I've seen everything. I have seen it as an investor. I bought my first stock when I was for my first mutual phone when I was eight seventeen. My mom had to co sign my first stop when I was eighteen. I've seen it all as a from a stockbroker to someone who owns its own research firm. I know all the mistakes people make. I

know all the the procrastination they make. And that's and that's the main thing, the worst enemy of people when they investors themselves. They do it wrong. They come in, they buy one stock, they see how it goes. It's gotta be a lifelong endeavor and lifelong commitment. And I and I'm I consider myself the student of the market. I never want to get so cocky. I think I know it all in part because the markets. You know,

different things moved the markets. For instance, right now, this whole thing called e s G which is environmental, Environmental, social and governance that is going to drive stocks for many years to come. Within the market itself. Data with you and I are doing at this very moment, we're creating data. The amount of data that's created every single day around the world is just, oh my goodness, the terms, the pedal flops in the and the just the terms alone.

It's just absolutely amazing that data is created, it's stored, it's sold, it's shared, it's secured, it's manipulated, it's massaged. It's just amazing. Data. Data, data, data data. Currency is a tough game. Currency is as as a different kind of tough game. There's all kinds of hoxogenous things and political policies. Obviously, Bitcoin is erupting right now, so that's that's something I think you're gonna see really go mainstream. It's thirty thirty thou bitcoin. Some people are predicting it

to goes high as a million. I'm also excited this year for industries that were were hyped up before but didn't live up to the hype. Drone, for instance, this ruling by the FAA on commercial drones phenomenal, Oh my goodness, phenomenal three D printing ten years later starting to live up to the hype. Nanotechnology starting to live up to the hype. I'm just so excited, I tell you this.

As long as they don't as long as we don't end up with a government or federal government that can completely put up these major, major speed bumps in an effort to rechange this country and and this this whole Green New Deal thing. And believe me, the pieces are being put in the place right now. I saw somewhere where something was just passing the house where all this Green New Deal stuff doesn't have to come under the rules of PAGO. So it's just and I really I

get progressive credit for playing the long game. You know, they plant dcs that german ate them. They being in maddus from from from anywhere, from our kids in school, from elementary schooling up two movies to music, and they just keep hitting us and keep hitting us and keep hitting us. And the next thing, you know, you know, we're looking at these kind of crazy policies that are that that destroyed the economy. And it's we're at that

point now. So I'm extraordinarily optimistic for the stock market. But if Minden gets a chance to reverse President Trump's tax policies, then it's it's gonna be a tougher, much tougher place to make money. In speaking of that, in order for him to be able to reverse those economic policies, Tomorrow, January five, is the joint Georgia Senate runoffs, which we

know will determine which party controls the Senate. We know the Democrats control of the House, that this would give Joe Biden everything you need to run the country and reverse the economic benefits a lot of them that we've seen by way of the Trump policies. How concerned are you that Republicans won't vote because of the concerns about voter fraud. I'm real concerned. It's blowing my mind. Really. First of all, not to vote in general blows my mind. I mean, I know there are times when you may

feel like the candidates are unappealing. I'm a person I have a long track record, personal track record of voting for third party candidates. I've written people in before. You know my grandmother, she's it's so interesting and I didn't spend a lot of time with her. My grandmother from whom born and raised in Alabama, young in town right near Selma, and my mom used to tell me these stories about how all she did. You know, she's loved

to do her favorite thing. You know, they ran a farm and they had no plumber, so she was always busy working, but when she had a free moments, she loved listening to politics on the radio. In fact, my mother said that she was only afraid of two things when she she was younger. That was a cru chef in the Russians invading America and m Mantil going to Mississippi. She said, even though they were in Alabama, she would

never go to Mississippi. But my grandmother there was one year there was an election, and I forgot what year it was, but in the town they made it clear to all the black people don't vote. If you vote, there's gonna be a problem. So five people showed a five black people showed up to my grandmother was one of them, and so you know, they gave him a hard time, and they put him in a room and they were scared. They're like, man, we don't know what

the hell is gonna go on. They were in the room for about forty five minutes an hour and the door opened up and it was Martin Luther King and he says, everything's gonna be okay. So when I see people have these little hissy fits about, you know, not voting, I just can't think of anything dumber in my and my I can't vote for who the hell you want to vote for, but not to vote out of some sort of protests, especially when you're helping the people that you say you don't want to win. It's just dumb

as hell. But there there's gonna be a few of them who do it, and they they, and I just hope it's not enough to change the outcome because we cannot and I say, well, I mean, the American people cannot have a blank check for the Green New Deal, for anti capitalism, for socialism. We just can't let it happen. Well, that was a very powerful story. Absolutely, you've raised some amazing salient points this entire podcast, and it's the first

one of the year. Thank you for starting us off with such informative, logical, inspirational thoughts on many, many, many different issues people don't know. I'll call you my big brother. And back when I used to be able to come into the office over it Fox, when when I would come in monthly, I sait in the office and talk to you for hours and and it was always just one of the highlights of my trips to New York.

So I want to thank you for bringing people in the in the office for some of the conversations that we would normally have on the day to day basis. I I want to thank you again, big brother, for for kicking us off with the what I hope to be a wildly successful year for for the both of us and especially everyone that's listening today. Thank you so much. Man, I feel the same way. I can't wait to see

you in person. Absolutely. Now, would you tell everybody how they can follow you on social media because I know you've got a prolific following on on Twitter you tweet probably a hundred times a day. And your website for your business and where they can watch you on television, Well, it's uh, it's C. D. Pain on Twitter. Uh my my website is w Street dot com. If you want the book, you can have it for free, but you

gotta pay. Posteds you're handling at Unstoppable Prosperity dot com And every single day you could catch me at two pm posting making money with Charles Pain on the Fox Business Network. Thank you again, big bro. I really appreciate you and your service. Take so much. Thank you so much. I appreciate it absolutely. Thanks to Charles paying for a great interview. If you're enjoying the show, please leave us a review and rate us with five stars on Apple Podcast.

If you have any questions for me, please email me at out loud at ginger Street sixty dot com and I'll try to answer them in our future episodes. You can also find me on Twitter, Instagram, Facebook, and parlor at Giano Caldwell. If you're interested in learning about my story, please pick up a copy of my best selling book titled Taken for Granted, How Conservatism Can Win back the

Americans their Liberalism Failed. Special thanks to our producer Stephen collabora researcher Aaron Kleinman, and executive producers Debbie Meyers and speaker New Gingrich, all a part of the Ginglish three network, part of the Gamer's Research Network