Clueless On The Economy | May 6, 2024 | Hour 2 - podcast episode cover

Clueless On The Economy | May 6, 2024 | Hour 2

May 06, 202441 min
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Episode description

Donald Trump has been fined another $1,000 for violating a gag ordered in connection with his hush money case. He has been fined a total of $10.000 so far.  The city of Austin has voted to become a sanctuary city for minors who would like to find gender affirming care.  

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Transcript

Attention. You're listening to the top Huff radio show, America's home for conservative not bitter talk radio. Be advised. The content of this program has been documented to prevent and even cure liberalism, and listening may cause you to lean to the right. Here's your conservative but not bitter host Tod Huff. Oh yes, my friends, the legal drama continues for President Donald J. Trump. The judge has threatened the president with again with jail time, or has

he said, possibly the next president for future gag order violations. So I just want to talk briefly about this. I don't want to get too bogged down in the court case, but I do want to at least mention that

off the top. And I also want to talk today about what I had kind of set up in a previous hour, which is the city of Austin, Texas has declared that it is a sanctuary city, my friends, a sanctuary city for miners seeking by a light, well, seeking to physically alter their bodies in order to make their physical bodies, as they would say, match I guess their actual gender. All this transgender craziness that's taken hold around the country. But I've got that as well. As other stuff. Plenty

of other stuff in the Stack of Stuff today as well. You can check those things out on our website Todd Huffshow dot com. Just go to the Stack of Stuff and you can see these things that we will be talking talking about. But before we get rolling here today, let me remind you of our partnership with nick Nack Naturals. Nicknack Naturals is here to help you if you are currently a nicotine user, if you're smoking, chewing tobacco, vaping.

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Crushervice. My friends with nick Nack Natural So I want to mention this off the top nude. This is headline at foxnews dot com New York versus Trump. Judge threatens jail time for quote possibly the next president for future gag order violations. Former President Trump has already been fined ten thousand dollars for violating gag

order. This is written by Brooke Singman at foxnews dot com. Judge Jan Murcayan said on Monday he will consider a jail sentence for former President Trump if he continues to violate the gag order imposed upon him in his unprecedented criminal trial.

Mrcann imposed a gag order on Trump before the tribe began, ordering that Trump cannot make or direct others to make public statements about witnesses excuse me with regard to their potential participation, or about counsel in the case other than Manhattan District attorneymil At Alvin Bragg or about court staff DA staff are family members of

staff. Brag and prosecutors have alleged more than a dozen violations of the gag order and have already fined the former president nine thousand dollars for those violations. Murcann on Monday find the former president one thousand dollars for an additional violation, but said it is clear that the fine one thousand dollars per violation is not

effective. The filing states that quote that Trump is quote hereby I put on notice that, if appropriate and warranted, future violations of its lawful orders will be punishable by incarceration. OI, oh boy, can you imagine? Can you imagine what this would look like? If Trump ends up getting put in jail for allegations that he is violating the gag orders, the gag order by the court. The last thing I want to consider is jail. Mrcan said,

you are the former president and possibly the next president. The last thing he wants to do is consider putting Trump in jail. I don't know. That doesn't from where I'm sitting, that doesn't appear to be the case for our just justice system at large here. But that's of course where we are

today. So just an update on that. Trump's violating the gag order and being fined yet another one thousand dollars, bringing his total fine the ten thousand dollars, which the court, the judge is acknowledged is not enough to deter him. I mean, ten thousand dollars to Trump is not. I mean, it's not a lot of money, right, I mean, I'm not

I'm sure he doesn't like to give away the money. But again, at the same time, he's trying to he's trying to defend himself in the public eye that this this is a messy situation that we've got ourselves into here. We'll keep our eye on it, we'll talk about it from time to time. But this is now, it's fourth week, it's the third week of testimony, the fourth week of the of the trial. And I mean,

boy, we'll see how this thing plays out. But this could I don't even want to predict what could happen here, because we could be talking about all sorts of things, like a resident someone campaigning for the presidency from from jail. That's a possibility. I'm not saying it's one percent or ninety nine percent. I'm just saying there is a possibility that that is where where this ends up. So and again it's the Seinfeld Newman strategy. Whatever it takes.

The Left is prepared here whatever it takes, as long as it takes them, so long as it takes Trump away from sixteen hundred Pennsylvania Avenue, that's what they're prepared to do. They will stop at nothing, my friends. So just be ready, be ready for what's gonna happen, whether it's in this case, whether it's in a future case, whether it's in the campaign, whether it's in who knows. We've got Nevada. By the way, this as a side note, just to kind of put some of these

things back on the radar. That's candidly easy to forget when you're in the midst of this circus we're living through. But Nevada Republican Party has sued to block the state from counting ballots that are right in the mailstream after election day. They apparently allow for up to four days after election day for ballots to be received, so long as they're poked postmarked by the by the day of the election and so forth. I mean it's just it's a mess. What

does that mean? I mean, first of all, that case is probably not going to have enough time to go through the court system before we get to November. So that probably means there's going to be ballots counting later in Nevada. You know what this is going to look like. You already know what this is going to look like. The ballots will trickle in, They're going to know how many they need to come up with, and can they pull it off? I mean, I don't know what else to say about

it. But so we've got all these things that are happening that could certainly impact this election. We live in We live in crazy times, there's no doubt about that. But I want to shift gears a tiny bit here. This is a political I mean a political issue of sorts here. It's definitely part of the overall narrative of the absolute moral depravity of the worldview of the radical left. We have an individual here, well, let me pause,

take a step back. Here, we have a city council in Austin, Texas that is voted to become a sanctuary city for transgender identifying individuals, including miners that are seeking sex change drugs and surgeries. I'm reading from the postmillennial dot com here. In the vote held on Thursday, city council members approved a resolution by a margin of ten to one. Ten to one they approve. This directs directing the Austin Police to deprioritize the Texas law that prohibits certain

treatments for transgender identifying miners as their lowest enforcement priority. The resolution states that the city will not utilize personnel, funds or resources to investigate, prosecute, or impose penalties on transgender or non binary individuals seeking health care healthcare, nor on individuals or organizations providing or assisting the provision of such health care. So the law for the state, the law for the state outt makes it illegal

for certain treatments for transgender miners. But the city said, that's fine. We just aren't going to allocate resources. We're not going to investigate, we're not going to do anything with this. We're not spending any money anytime anything like that. We're not going after the people that are involved in bringing these young people to our city for sex changes. We're going to be a sanctuary city for that, sanctuary city for that. I mean, it's crazy.

It's crazy, but that's that's the nerdive, you know. I tried. I always try to be fair. I always try to at least make the argument so that we at least understand what the other side is saying. I don't want you to think that I that ever means that I agree with it. I just think it's important that we figure out how to at least understand what is being said and believed by these oftentimes lunatics on the left so that we can have conversations with people who don't have any idea, I mean,

like it or not. My friends, we have to be the ones in many cases to well, to carry the burden of actually helping people understand the totality of the issue and why it's wrong, in this case, why it's wrong and absurd to do something like this. So the narrative of the left goes that there are people who are born biologically as one sex, but of

course they identify their gender doesn't correspond with their biological sex. Now this is interesting to me in and of itself, because I was part of what they say is it doesn't matter what your biological sex is. Gender doesn't pay respect to that. So you can be a biological male, but really be gender from a gender perspective female. But if gender and biology are not connected,

then why are we Why are we physically altering our bodies? Why are well, well, why do people then alter their bodies if the two are not connected? That, to me is the first logical question that we should ask. If these two things are just there's no connection, right, there's no connection to biological sex and gender, then why are we changing people's gender? Why are we doing this? It's a dangerous thing to do. I mean, these surgeries are dangerous. A lot of this stuff is brand new.

The stuff has burst onto the scene virtually overnight, while many Americans were asleep at the wheel or candidly, while many Americans were trying to keep themselves out of financial harm because they're working multiple jobs, they're trying to make ends meet. Both parents are busting it to try to keep the family in a position where they can live their lives and take kids to activities and all this sort of stuff, and it's hard to stay on top of everything. But this

erupted. It seemed out of nowhere. Of course, it wasn't nowhere. This godless worldview has been out there has been out there for a long time. I think it's just surprised people. How many people surprised normal thinking people as to how many crazy people exist in the world today. And so this was thrust on people. At first, it was for many people it was shocking. Then it was okay, they can do their thing as long as

it doesn't involve me. But once we began to tear and pull back the layers and you begin to see what's happening in classrooms, you see kids as young as I mean five years old in some cases that are being that are saying they want to be a different gender. They feel like they're a girl when they're biologically a boy, or vice versa. And then there's a pressure or some assistance by some doctors, medical professionals coming in to say I'm here

to help. I'm here to help make that a reality. If you're five years old, seven years old, ten years whatever, fourteen years old, a minor, seventeen years old, and you want to become biologically a female, I'm here to do that. That's what these doctors. I'm not here to do that. I'm telling you, that's what these doctors, doctors, my friends, I mean these doctors are supposed to be intelligent people. What on earth is going on? Don't tell me, you do not tell me,

and that intelligence without morality. Don't try to convince me that that's not

a dangerous mix, because it is. It's a dangerous mix. And so now it's gotten to the point it's so bad, it's so bad that you know this, this movement has become its own, its own thing, its own journey into absolute moral depravity and insanity, to the point where people are saying, look, if we don't allow these kids to say they're you know, to to change their physical gender, we are going we're basically setting enough

to be killed. They're gonna they are going to physically harm themselves because of the confusion and the dysphoria that they feel, or they're going to get bullied by someone else. It puts their life at great risk. Why don't you just comply, Why don't you just go along and say it's better for them, it's better for them to have a gender reassignment surgery or take puberty blockers

or something else, versus be dead. And there's actually a SoundBite that I'm setting up to play from this hearing from someone who went through those that procedure, that the process of changing gender. And I want you to listen to this testimony because there's actually a ton of people that are saying what's being said here by someone who's gone through gender reassignment surgery or whatever. The you know,

the puberty blockers, the hormones, all that stuff. There's a ton of people who are coming out who regret this in a major, major way and are asking where were the adults? Where were the adults when all this was happening. So I want to play that, but before I do, my friends, I mean also remind you heart disease. Seven hundred thousand lives and America lost in twenty twenty two. Seven hundred thousand lives in America lost

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dot com tea sulty dot com. Use my name Todd during checkout. You're gonna save on your first order sulty dot com promo code Todd. Check it out, save on your first order. So I want to play. I want to play this soundbye. This is testimony before the Austin City Council. This was before the City Council voted eleven to one, excuse me, ten to one, ten to one to allow to make the City of Austin a sanctuary city for a sanctuary city for those seeking gender reassignment surgery to change gender.

And so there were there was testimony, there was a hearing, there was a hearing. Now this did not go the way that it should have gone. This did not go the way that it should have gone, but there was some interesting and some I think some teachable moments that came from from this process. And so there's an individual, there's an individual who has testified before the city council, before the city council, who has gone through the

process of gender reassignment surgery. And this individual has some pretty damning things to say to the folks who are out there promoting promoting this sort of well this policy. So I want you to listen to this. This is trying to find the name here. This is a tweet from tweet from the testimony of an individual who had had a sex change gender reassignment surgery. I just want you to listen to this testimony. It's a minute or so. And this

individual biologically born male transitioned to female. This individual is saying, I was a kid. Where were the adults? I was a kid, I didn't know any better. Where were the folks who did What are the medical professionals telling us? Why are we not acknowledging the fact that there are real lifelong consequences for people who have this? So here is the testimony. Hi,

my name is ether Dixon. I live here in Austin's Third District, and I experienced extreme gender dysphoria from a young age, leading to me coming out as transgender at thirteen. I began begging for hormone blockers and testosterone, constantly slept and sometimes showered and unsafe chest finders, started self harming and cutting body

parts that made me look fitment and all theo or. I started seeing a gender therapist as a mid teen, who helped move my family to accept my identity using the phrase do you want a dead daughter or a living son? After a routine fight and breakdown, I was finally allowed to start cross sex hormones just after turning seventeen. One visit later, I rode the high agender euphoria, finally getting to further the transition I had been working all of my

life. For months into starting TEA, I was diagnosed with a cardiovascular intolerance, having constant issues with heart regulation and passing out. I continue taking the tussoserone, causing constant mood swings and later excruciating joint pain. Still I believe these drugs were saving my life despite so clearly disabling it. A stray thought ultimately asking why am I so distressed in myself and how people perceive me?

Is what began to unravel my world at nineteen. I am now twenty one, still impacting the trauma that made me want to cut off body parts, dealing with complications of steroids use like vaginal atrophy, extreme joint pain, and discomfort from permanently changing my sex characteristics, all for how I identified and was affirmed in my trauma from a child to adult. The legislation this item is against is not taking away rights are anatomy. It is regulating experimental medicine on

children in a non criminal way. Save every kid from the unnecessary hormone complication and lost body parts. Question why kids and adults are rejecting their sexes, and give these kids the therapeutic supports they need and starve to love and accept their selves and bodies. Say not of proposal sixty four. Thank you? Okay, thank you, didn't matter. This thing passed anyway, but quite telling, quite telling from the testimony there. And this was, by the

way, I think I said that wrong. And this was someone who was biologically female who wanted to transition into a biological male, which of course is an impossibility. It's impossible. Now this individuals has dealt with a lot of consequences and is trying to prevent this from happening to other young people. So timeouts in order, my friends, sit TI. You're listening here to conservative not better talk. I'm your host, the one the only taught huff back

in just a minute, Welcome back to my friends. I'm gonna shift gears here a little bit, shift gears here a little bit. I don't know if you've seen this White House economic advisor struggles with question on monetary policy. This Biden economic advisor, Jared Bernstein, was being interviewed for a documentary and

I want, I want you to listen to this. I mean, this guy's an advisor on all things economic to the White House, and he cannot even explain some of the simple well nothing when you look at the way that our economy is managed. I'm not saying that it's it's simple, but I would say the simplest, one of the simplest things would be to answer this question. There's a quest question about why our government borrows money while at the

same time printing printing money, Like what's that relationship? Why are they doing both of these things. I mean, just some questions to help people understand monetary policy, which I'm not list Look, I'm not defending it at all, but just to explain it what should be a relatively simple explanation in this guy, I mean, it's embarrassing what this guy says. I mean, and I'll play that here. I'll play that here in just a minute.

But as we talk about economics, and as we talk about finance, as we talk about things that affect the market, things that affect consumer confidence, things that infect affect inflation, or that are affected by inflation, reminds me of our friends at Harvard Gold Group. Harvard Gold Group. Well, they

of course can help help you with adding gold to your portfolio. But gold, my friends, is at or near an all time high, and gold has outperformed the S and P five hundred and the Dallas since nineteen seventy one, when the dollar was taken off of the gold standard, And so doesn't make sense for you to add gold to your portfolio given given the economic factors out there today, given inflation, given the state of the overall economy,

given what gold may do regarding regarding its value, and all of those things and you might again be considering this thinking about whether or not is something worth adding to your portfolio, especially especially when you stop to realize that all countries, all central banks, all major institutions, and even the IMF itself, they all own a substantial amount of gold, and so doesn't make sense. These are people who are often behigh behind responsible for our paper money system.

If they have gold, then should you be Does it make sense for you to have it as well? So reach out to our friends at Harvard Gold Group to have that conversation to learn more. Harvardgoldgroup dot com. If you use my name Todd, he will get a two hundred and fifty dollars credit. Should you just decide to move forward in an investment in gold with Harvard Goldgroup again, Harvard Gooldgroup dot com promo code Todd gets you a two one

hundred fifty dollars credit. So let's look here at this economic advisor to the White House. His name is Jared Bernstein. This is a clip Finding the Money film. This is a tweet. They tweeted this out on May the second. We hear a lot about the national debt, but do currency issuing governments really quote borrow their own currencies. The answer might surprise you. The answer will do more than surprise you. The answer will shot me. Now,

this isn't the tweet. The answer will shock you when you listen to this person and realize he's in the room at the wine house advising on economic policy and all things financial. And this guy, I mean, this is an embarrassing, an embarrassing answer to a we should be a relatively simple question for this guy to address. So that being said, this documentary which is now in theaters and on demand as of May third, which was what Friday, I guess, I want you to listen, want you to listen to

this exchange. This is really really embarrassing. I mean absolutely, And the US government can't go bankrupt because we can print our own money. It obviously begs the question why exactly are we borrowing in a currency that we print ourselves. I'm waiting for someone to stand up and say, why do we borrow our own currency in the first place? Like you said, they print the

dollar, so why why does the government even borrow? Well, answer the so the I mean again, some of this stuff gets some of the language that the some of the language and concepts are just confusing. I mean, the government definitely prints money and it definitely lends that money, which is why the government definitely prints money, and then it lends that money by by selling bonds. Is that what they do? They they this is nice. Yeah, they they sell bonds. Yeah, they sell bonds, right, So

they sell bonds and people buy the bonds and lend them the money. Yeah. So a lot of times, a lot of times, at least to my year with m MT, the language and the concepts can be un necessarily confusing, but there is no question that the government prints money and then it uses that money to uh uh so, yeah, I guess I'm just I can't really talk it, don't I don't get it. I don't know what they're talking about, like, because it's like, the government clearly prints money,

it does it all the time, and it clearly borrows. Otherwise we wouldn't be having this det and depfist conversation. So I don't think there's anything confusing there. He doesn't think there's anything confusing there. The guy. That

was a minute and forty two seconds of utter confusion for this guy. And maybe the confusion stems from the fact that much of what we do in this country from an economic perspective, From an economic standpoint, when you look at I'm talking top level, I'm talking monetary policy, I'm talking about quantitative easy, I'm talking about things not you know that these are, you know,

oftentimes theories pertaining to how an economy should be run. Oftentimes theories that run contrary to reason and sense and experience in the way that things work here on planet Earth, runs contrary to supplying de man, it runs contrary to basic foundational understandings of really sound fiscal policy, sound economic financial policy. That's probably the source of a lot of this, a lot of this confusion. Wasn't that embarrassing? Though this guy didn't say anything, Well, yes, we

print money, but we also borrow money. We can't go bankrupt because we can just print more money. I mean, friends, what we can't go bankrupt because we just print more money. You know, It's fascinating to me. If you talk to people about their personal finances, they understand, they understand that, you know, I have realities. I have this much money coming in, I have this much money going out. I need to balance

that. Whatever that looks like. I need to balance that either, I need to you know, maybe I need to increase my income, get another job, whatever. Maybe I need to cut my expenses. Maybe it needs to be a combination there. Maybe I need to sell some things, maybe I need to downsize. I've got to make I've got to make those balance somehow, right. I've got to make my priorities, my desires, and my financial capabilities balance out. I can't live in a fantasy world forever.

If people understand that on a on an individual personal finance level. They understand that for businesses, they understand that for churches, they understand that even at state levels of government, although I would say people begin to blur the lines there. But states can't print money. He's right about this to a point, to a point. But since states can't print money, they've got to they've got to balance, They got to do something about it. The money's

got to come from somewhere. It doesn't come from some wink and a non and two snaps and suddenly you have more money in the bank account because federally we just make we just create more money. But the reality is, for some reason, whenever we get whenever we get to the upper echelon of our government at the federal level, I don't mean it's some way that it's better than the rest of us. I'm saying just the top levels of federal government,

fiscal, monetary, economic policy. Suddenly everything that pertains to reality and real life goes out the window. Suddenly it doesn't matter to these jokers and clowns, and they can just start saying things like we can never go bankrupt because we'll just make more of it. And I want to talk about that on the other side of the break in the time that we have available with my friend, I also want to tell you that My Pillow is having their

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little bit about this fiscal policy. How for some reason, when we get to the federal government level, suddenly everything we know about economics that we've learned personally and through our own lives goes out the window. Quick time out,

my friends back in just a minute. Welcome back to my friends, So why is it that once someone gets to the top levels of our federal government, when they're sitting in the well in the White House, when they're advising on monetary fiscal economic policy, to suddenly everything that we know about real life. Well maybe not you and me, but why is everything that they've experienced in real life suddenly thrown out the window? Why does it no longer cease

to matter? Well, it's interesting, my friends, because no matter how hard we try to escape the reality that there are realities, the truth is we can't really escape it. This comment about the government can never really go bankrupt because you just print more money, you realize how crazy that is. Like, on the one hand, you can say, well, yeah, that makes sense, But on the one hand, meaning if money, if you just assume money has a constant value, will does pump more of it

into the economy. Well, the reality is the reality is that if we're pumping more money into the economy, creating more currency than currently our output, our economic output warrants, then there will be the market. It always adjusts, It always seeks an equilibrium, It always seeks to find that place of

balance. And so if you bring a bunch of dollars into the economy out of just making them up out of whole cloth, just with the wink and a nod, creating dollars and then releasing those into the economy, and there's no corresponding real value, meaning that money doesn't really stand. There's not value that was created that that dollar is offset against. It's just created from nothing.

Well, my friends, this is the definition of inflation. And so if this guy who's advising the president, which by the way, advising the president, this is the sort of stuff that you get, the sort of stuff you get from people who live oftentimes in a fantasy world. They live in a fantasy world. They exist oftentimes in some sort of a college or university environment where they just can say these things and there's no direct consequence.

But there is a direct consequence in real life. That is, in fact, what's happening here is that, I mean, there are consequences. And if you create money, like let's just say we're never going to go bankrupt, what does print more and more money? Well, what if it's worth one percent of what it's worth today? I mean, And the more you produce, the more that you print, you're driving down the value of every

other dollar in existence. I mean, it doesn't take long to realize that no matter how hard we try to live in a fantasy world, the truth is, the truth is is that reality is necessary in all aspects of our lives. You can't it's unavoidable. It's unavoidable. You can't just arbitrarily say, well, what is print more money, as though there's no other effects

that that's going to have on the economy. It's incredibly naive. I guess again, if your assumption is that dollars have a constant worth, an absolute value, and that people will agree that they have value no matter what you're doing to destroy the economy. If you believe that, then I guess you could conclude that you could never go that you could never go bankrupt because you

just make more. But if the more you make, the less that the new dollar is worth and the less that the existing dollar is worth, it doesn't take long to realize this can be a very dangerous form of self sabotage. And that's what we have today. We have people who only they pontificate. They come up with theories that do not work in the real world.

But yet but yet they are out there changing your life and my life by some of these policies, and on top of that, on top of all of that, they can't even explain them because at some point this stuff is

absolutely it's unexplainable. Things that we do remember. I remember back during wait, it must have been during the Obama administration, when things were bad financially, there were there was someone who started pontificating and kicking around an idea that says, well, why doesn't the why don't we minant a coin and we say that this coin is worth I don't know, twenty trillion dollars or a trillion dollars and we say, boom, this coin's worth a trillion dollars.

We're going to pay down. We're going to pay down our debt. Well, the problem is that the people who are getting paid for you know that you're paying that debt down to whoever that is, it's going to actually be the person at the end of the line that's stuck with, you know,

taking this payment. If it's not real, then what are they getting Well, I mean, it's got to be real at some level, no matter how much you want to again pontificate, no matter how much you want to to create these elaborate theories at some point, at some point, there's a person at the end of the line who gets the money in this case, and they have to be able to do something with it. It has to really pay down the debt, and it doesn't pay down the debt just because

the government somehow magically declares that it's worth something that it really isn't. The economies that well, factors in the real world will determine what the actual value is. And if what we're being told is the value and what we find the value to really be don't match up, the market will adjust. You can't just wish these things into existence. Anyway. I gotta go, my friends, have a great day. STG.

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