Baby. It's an all or nothing. What's that all about? What's the moon wildest theme? Yeah, I just thought it'd be the right thing to do. Things in Texas going poorly. Are you a boots on the ground report? Is there war? Is there? The smell of burning bodies in the air? Come on, take it. That's what we say. Come on, take it. You're like a ma'am. Do not tread on me. Texas is making a stand. And the most interesting part of this. We all knew. Wait, do we start? Yeah. Did you hear the theme music?
no. I'm sorry I blanket you away. Have you been taking drugs? Do you need some drugs? No. I forgot to take my morning pills. Is your blood pressure okay? I don't know. You should check. Check your blood, oxygen level. I mean, going down. Okay. We all knew that the state of Texas was going to defy the federal government. I'm Darren O'Neil. He's Geneva Live. This is unrelenting. We knew that Texas was going to defy the federal government. We knew the federal government.
Technically, not true, but okay now. Well, according to the federal government, but it's still not true. Now, the federal government is like, no, no, no, no, no, you can't do this. We're coming down. We're going to show a we're going to posture and try to show some force. What I didn't expect was, what, like 18 other states to be like 26, 26 now? Hell, yes. Through the federal government, we're with Texas. The Guard. Yeah, that is that was unexpected on this set.
So it's very interesting to watch this with the backdrop of a presidential election coming up with there were multiple states are trying to remove a guy from the ballot and not this is this is civil war moving closer and closer and closer. Absolutely. So why mean, what's going to happen next? What are your predictions? Predictions? Well, isn't that what we do here? Yeah. Yes. So my predictions is that the rhetoric is going to keep getting cranked up.
It's got to move beyond rhetoric, though, at some point. I mean. Well, that's the thing is if it does, it'll be like throwing a match into a, you know, a fertilizer storage facility. Yeah, it's not going to be good. There are a lot of people that are on the edge of doing things well because they feel like they've been pushed to it. They feel like a lot of them feel like their vote wasn't counted. That the last election was rigged, which it was. Yeah, in multiple ways.
A lot of people still want to say, well, the voting machines work here for my. But that's the thing. It's like the election can be rigged and yet the president can be sworn into office. Like those are not mutually exclusive things. Correct? So Biden can be the president, which I know some people are denying that he's the president, but he can have gotten there much like John Kennedy, incidentally, through rigged voting. Right. Well, yes. And you can rig the election in multiple different ways.
I mean, we know Kennedy would have lost Nixon if it wasn't for the the fake votes coming out of your hometown there. Well, it's beyond just fake votes. There was intimidation votes. There was all sorts of the the mob influence at that time was mob. The union, the Democrats. Same old difference. Yeah, yeah, yeah. And now a lot of people still keep pointing to the wrong thing, though.
It's like you have to understand that anything that would have happened with the voting machines themselves would have taken a lot of technical know how and cover up. And I really don't think there was anything massive in that rain in that range. Where you got it was with things like the Zucker box, where billions of dollars were spent to put boots on the ground. You have people go, did you get that mail in ballot? Let us help you fill them all out. Right.
Well, we make sure your vote counts, right? Make sure your vote doesn't count. Go with the Zucker bucks. So there is. Yeah, that kind of set the fuze with January six with a lot of people feeling like the federal government with Joe Biden at the helm is messing with their lives. They're intentionally trying to ruin their lives. They're pushing for the no borders concept, which is not new. All of a sudden I'm bouncing back with don't play with audio during the show. I'm not well, what happened?
All of a sudden I'm bouncing back to myself. Jesus, what do you do that don't Do not do that. I'm not doing anything, man. You got to be just the ones. I'm trying to shut down the X feed, that's all. Shut it down. Shutting down the X? Yeah, it's shutting down the X-Men. Got to shut down the X so they. I probably shouldn't have had X and clean feed running in the same browser though. No you don't want to do that because it's going to put them on to these same channels and all things get crazy.
Which is why you'll hear that with some podcasters who have their microphone channel and clean feed channel also be the one that they're on a social media site or something and you constantly get boop, boop, boop, boop, boop, boop. Like, turn it off. Come on. The what's the bloop Stu? You got to be a professional. That's something coming in. Usually that's a very important message coming in like a pew. Pew. The pew pew is a curve. It looks like.
Feel like Joe Biden and the federal government are pushing for a no borders, no new world order concept, which seems to be fairly accurate. I mean, if somebody can disprove that, feel free to try. But all of these things are going down Texas and it's hilarious. I know we touched on it multiple times, but it's hilarious when Chicago and New York and these other sanctuary cities go, we're being overrun.
And then you look at what's going on in Texas and Arizona is like, no, no, they're being overrun. Right? And they need to do like the sanctuary cities now are trying to keep people out. They're trying to block the busses coming in. They're doing everything they can to keep the migrants out, which is hilarious because that's exactly what they're saying. Texas shouldn't deploy. They might end up building walls even. I wouldn't doubt it.
Although once Chicago's behind a wall, we don't let anybody out. That's that's probably true. If you're walling yourself in, you're too dumb to realize it. And I don't believe that it's going to have enough traction to really matter. But there are more news stories popping up all the time right here in Schirach, which we are right outside of. I am, but I get all the Chicago news and there have been multiple stories of black organizations within Chicago like, you know what, screw the Democrats.
They are not doing anything for us. This migrant crisis is taking money out of our pockets and taking food off of our families table. They are not helping people that have been homeless here in Chicago for years. And people are showing up yesterday and getting housing in money and it doesn't make sense. They are totally and that's angering people that already live here, like, hey, you know what? It's not a racist. It's not a horrible thing to say, hey, let's take care of our own first.
Let's take care of our house and then we can open it up. Once everything is great here, then you can open up the border and start bringing more people in. Once everything's great here and you build some condos or apartments and be like, Come on in. If you want more people to come in. Yeah, but which we don't. well, see, that's the, what they're using is, you know. Well, and it's so elitist with the Democrats. Who, which one was it a few years ago.
Like, well who's going to clean the toilets then. yeah. Yeah. The two. Well I'll tell you what, they the single white men in their mid twenties that are coming over, that's not going to clean the toilets. Now, this is the army that's coming over. Yeah, we talked about the guy that was interviewed, the Iranian at the border and he's like, I made my journey and I can tell you what I saw. And it was mainly while there are some families and women coming in.
It's overall dominated by military age meant a lot, he said From China. Yep, a lot of China. A lot from the Middle East, like from Africa, like actual African Africans. And then you ask the question the next time one of these, you know, 911 type events happens, which side are all these people? I don't think that's really not I don't think that's going to happen. But here's what will happen.
Rape and murder will start going up significantly in the next five years, and it's going to get blamed on the next president. And that is something that has been talked about quite a lot on no agenda, which is the concept of, okay, we kind of think as the Democrats, as the the crazy leftists that operate in the shadows, we believe that Donald Trump is probably going to win.
So let's set him up to have the worst time possible. The and it seems like a crazy conspiracy theory until you really look at what's been going on in the world and it doesn't seem that far fetched that they hope that we can do whatever we can to make it's like, okay, you're going to win. Do you want to come into this? Okay, We're going to make sure the economy's gone. You have so many people.
You are going to look like a horrible person and people are not going to be happy because the is anything with the problem in a country the size of the United States, the answers and the things that have to be put into place do not happen immediately. The results do not happen immediately. So the worst hilarious thing is Trump could come in and do everything that he's supposed to do. And right after he's out of office, everything starts getting better. Yeah, then that's probably the earliest.
But I don't think you will. I don't think it's going to get better for another decade or so. Now, when did you go over? Says that was Whoopi Goldberg. That was like, well, who's going to clean the toilets? yeah, Yeah, exactly. Yeah. I think this may be a reason why Vivek dropped out immediately. But make rhymes with Kate, because I can pronounce them any way I want to. Because if you wanted to have his name be Vivek, you wouldn't have studied Vivek. You're just mad that he has hair.
He hardly has any hair. You're kidding. He's gone. Val, did. I am mad that he's married to a doctor, though. you want to be married to a doctor? I mean, just to get, what a discount? I was married to a doctor. To doctor anymore. well, they were trying to kill you, right? And not well. I mean, maybe she was feeding me too much, but anyway, the.
I think anyone coming into this has to realize that the country was already starting to go down the toilet when COVID happened, like even without Biden's help. But with the acceleration of going down the toilet and Biden has paraded, this is not going to get solved in the next year or even four years. This is going to be at best case scenario, a decade long problem we're going to probably see in our lifetimes and probably in the next few years.
Certainly within the next decade, we're going to see 100% inflation in the US. We're going to see like Weimar Republic kind of thing. Italy, a lot of Latin American countries, Germany, post-World War one. Yeah. And you know, people might be thinking, you're crazy. Well, you know, you've already seen the price of eggs go up about 400% and you still think I'm crazy. They went up, then they went down a little bit and then they went back up. Well, they're up right now.
You can't get them for under four bucks. Doesn't here. You know I just bought two dozen pack for I think it was for nine. Yeah. You're getting Chinese eggs. well those are the best. That's why they taste a lot like. Yeah, this is what makes them taste better. well, you know, but you do. You need those essential minerals to keep essential going. Exactly. Yeah. So I think we're getting ahead on a percent inflation at some point.
Now it may be, you know, short lived, It may only happen for a year or so, but, you know, 40% inflation is going to be very routine for the next decade. Well, we will. And I'll tell you why, because it's not just doing good inflation. This is literally the only way to get out of the deficit that we have. You can't do this without inflation. Well, yeah, because the money that we already borrowed. Yeah, the quadrillion dollars that we borrowed is on a fixed interest payment.
So the only way to get out of that debt is to make the money worthless, to have hyperinflation so that what you're paying back is worth compared to gold compared to other things. A lot less than what you borrowed.
And this is a normal thing that, you know, economists recommend this during periods of low interest rates, borrow money, and then do things to increase the inflation, because then you're going to be borrowing money with a negative interest rate, which effectively means you're getting paid to borrow money. So this is going to happen in the US this and we're well on our way towards it right now with a 20% inflation.
And by the way, anyway, in it hasn't yet and I can't imagine anyone who's listening to us hasn't but go to shadow stats, do a Google search for shadow stats, go to that website. They have the charts of inflation and unemployment rates based on the formulas which the government used back in the eighties and nineties. And so you can see what the actual rates are because what's happened between now and the nineties is the government keeps changing.
What's included in the formula like eggs are no longer part of the calculation of the consumer price index because eggs have gone up too much and they don't want to make it look like inflation is too crazy. So they just remove those and only keep things that don't go up significantly in price. Like, for example, home computers. They keep getting cheaper and more expensive, so those can be calculated, can be used in calculation of inflation and show that there's very little inflation.
So but if you use the exact same formula that you used back in the in the what I say eighties and nineties, then it's the same formula no matter what and and looking at that formula what we have today is worse than Jimmy Carter's inflation that we had in the late seventies. Yeah they're changing the algorithms basically is what they've got going on and the number is since Joe Biden took office the essentials things you need to buy, you know, mainly groceries and stuff like that.
But the essentials of life are 17 to 20%, which you will notice that fairly quickly. That's not a small jump. So if you were per year, if you were paying 100 bucks every week at the grocery store when Joe Biden took office, you're now spending about 120 bucks a week. That's not true. It's actually almost 20% per year. Well, that would lead to the same 20% per year. Well, Biden's been in office longer in the year, so it's actually 60% inflation since Biden came in.
So the cost of the livelihood of Americans is now 60% more expensive. I'd have to look at those stats. I saw the essential data go to show us that three years was up about 20%. Yeah, but that's per year. Dude. That's not since Biden They don't that's I saw I said overall over that three that's the official number that's using the government's current numbers which is five and seven 8% inflation. So by applying the original algorithm, you're at 60% 60 instead of 20. That's nice.
Yeah, it's like that. That's what we had in the seventies. We have actually slightly less than we had, I think, 17% inflation in the late seventies when people were outraged. We didn't have gas. People were lining up to get five gallons of gas at a time. Gas for the first time rose to a dollar a gallon at the end of the 1970. The days and then it fell back down to I think the cheapest I remember in the eighties was $0.63. Yeah, I remember filling up some big tanks for next to nothing.
Yeah. Yeah. It was under ten bucks for 20 gallons and then it stayed at roughly a dollar all through the nineties, basically since the first Iraq war because it did go up during that war. But then immediately after it went down because we took over the oil production there and we, well, we bombed the hell out of their facilities anyway. And the gas prices stayed from about 93 till about 99. They were right around the dollar plus or minus a little bit. Yeah. And now they're what, four bucks gas.
Yeah. To right around four bucks again. Yeah.
Which honestly is amazing because if you look at the inflation since the nineties it's more than doubled at the even according to the official stats not to shout us out so this well over 100% inflation since the early nineties so in the last 20 years so really it's still about the same price it's probably if it's $4 where you are right now, it's probably equivalent to about a buck 70 in the nineties which in some places like California and Chicago probably was about a buck.
So in the nineties, no brakes as this first car loan in 1981 had a 19% interest. It's again then they went down to like zero. Yeah and I remember credit cards used to have like 25% interest back back in the early eighties there and that and now they're at 30%. So well for if you have good credit, I mean the ones that I have the credit cards, I think they're still in the low twenties. Yeah, well, that's exactly in the low twenties in the nineties and even the early 2000s.
And now the credit cards for the good cards. And I don't mean introductory rates, I mean like normal rates were all under 10%. Yeah. Which is why I had a bunch of cards that were like eight, nine, nine, nine and now you do if they want business. But it's a, it's a scam. Yeah, but it's but see they don't, they don't change the rates arbitrarily. The rates are actually tied to the inflation goal and they want money. Well it's inflation plus their percentage.
So their percentage is, you know, depending on the company is going to be anywhere from 4% to 9%. They want your money. They're not going to give you money to borrow for free. And that's why they want you to carry a balance. If you don't carry a balance, I mean, anybody I've heard this argument from people multiple times where they have a problem with their credit card company and they're like, I don't even carry a balance. I'm a great customer.
And I'm like, No, you're a horrible customer to them. No, you're actually a good customer because they make money on every transaction. Well, they do, but they also make a lot more money If you carry a balance, they do, but their risk increases. So it's actually it's not a it equals out at some point. Equals out. Yeah. Yeah. Basically you're either a super low risk, high profitability customer or you're a high risk, high profitability customer.
But you're both I mean, you're either way they're making money. They're not, not making money. No, they're not like, damn, we're going to lose money on this guy. Yeah. So the best customers are the ones that never pay their full amount, but carry a very small balance. So that way they get to charge you interest on the large balance every month that you almost pay off. But that's quite. Yes. If they don't have a big risk. Absolutely.
They don't have a big risk because you're starting each month with like $1,000 that, you know, and then you get up to like 5000 during the month, but then you pay off four of that and you're you know, you're back up to a thousand at the beginning of next month. That's the ideal scenario for them, because you're still paying interest every single month, but your risk factor is very low.
It's when you have like 30 grand or 100 grand on credit cards that your interest is very high or your I should say your risk factor is very high because they don't let you decide to stop paying. They're not out of a thousand bucks. They're out a hundred grand. Right. And they know at some point people realize I can never pay this off. Yeah, and that's not true. You can pay off any amount. It's just a question of how many years.
So, I mean, I guess if you get to be our age, you know, pushing a hundred year, then it's a you may very well not pay off. And then there is something to be said for taking out more loans to get older. Yeah. Knowing that no one will have to pay those off. You're like, I'm good grade nobody. The money's good. I can play with that money now and then I'm going to die and show them exactly.
But if you don't do something when you have these huge bills, if you don't do something to try to aggregate them or work. And a lot of people don't know this. I mean, I'm assuming the systems haven't changed greatly, but right after we got married, you know, you bought the house, we started, you know, there's a lot of furniture and stuff that has to go in because, you know, you don't have half of it. So we have some decent bills and it got out of control for a short period of time.
And you call up the credit card companies, you're like, Hey, let's work something out. Let's work out a payment plan. And if you don't do that, if you just keep trying and trying to keep paying yourself out at 25%, you may never do it. But here's the funny thing. Like you said, it's risk and reward with the credit card company. So they're willing to give you a lower interest rate. I mean, they may lock the card and say you can't use it any more. Right.
Exactly. Exactly. But they can lock in like a lower rate or something for you as long as you're making payments on time. Right. The other if we're looking at advice for paying off bills, the other piece of advice I would definitely say is pay off, focus on paying off one card at a time. So rather than making equal payments to all your cards, make minimum payments to all your cards, and then a much bigger payment to one of the cards so that you can actually fully pay that card off faster.
And the reason for that, there's two of them. One is should a unforeseen bad event happen, then all the sudden you can't make payments. The more cards that you have that you don't make a payment on, the more dings is going to be on your credit report.
So if you have, let's say, ten cards and you don't make a payment to all ten of them because you didn't have the money you're going to get in one month, ten missed payment dings on your credit report, which will drop your credit rating by several hundred points if you get ten dings all in one month, it's a bad sign. I mean, you're you probably just will not be able to get any more cards after that. Four years.
However, if you have, you know, two cards or maybe even three cards, ideally one card, but you have two or three cards that you miss out on, well, that's only two or three dings on your credit report. So always try to pay off cards one at a time, which will reduce over time the number of cards that you have with outstanding balances.
And the easy way to do that is, you know, the one that gives you the lowest interest rate, you pay the slowest, the one that has the highest interest rate you pay off first. But ideally, of course, you just never have a balance. You always pay off of that every month. Not everyone can always do that. And I know a lot of people during Christmas, especially even if you try to do that, you know, you realize you're you're overspent and you don't have the money to pay it off.
But try and get back on the bandwagon as quickly as possible until the new year. Right. Because there's always going to be on foresee things come up. You know, if you need a root canal out of nowhere, then that's three grand. That is exactly. I got it. Yeah, I got to put it in something and dentist not going to be in the business of giving you credit. No use. I would be very, you know, like I'm got a appointment with my hard doc today. Not nothing's wrong, but just proactively.
What, you don't think anything's wrong until you. Well, I. Yeah I do actually. You don't think until you show up and then next thing they're like, my God, you're screwed. Like, you feel okay? Yeah. Are you. Are you okay? Yeah, y it's. Yeah. So, and I, it's probably it's been a couple of years since I've done a hard CAT scan, so I probably need to get that scheduled and take a look at
what's going on down there. But, yeah, you know, unforeseen bills do pop up and that's what credit cards are best for. And incidentally, you know, and most people don't realize that the amounts of usage of your credit cards that you have at which your credit score starts to go down, meaning if you use your card more than X amount of percent, it every as you keep using more of that available credit, your score will go down far faster. That starts at 10%.
So you can if your credit card has a available credit of $10,000, you can use up to $1,000 of that credit card without it affecting your credit rating. Once you use more than $1,000 of that $10,000 credit line, your credit score starts to go down immediately. Is that just carrying a balance or just using it? Just using it? No balance, caring required. So if you're get you can pay off your card every month, right?
And if you use the entire $10,000 every month and you pay off the entire 10,000 every month, that will drop your credit score of 50 to 60 points. And the government's going to want to know what kind of narcotics this I hear about this. But the credit company.