Nearly two hundred regional banks could fail of depositors continue to withdraw their funds according to new study. But let's continues women mentally ill criminals, have rights, victimize, innocent people and bob finally walked back and still in insanity. Insanity. Eventually, services morocco, the today show sponsor, may express bbn thousands. My listens already secured their network data, join them and express vps icons. Lifespan revokes Joe Biden, income. neither keep telling you that your money is safe, Here's the reality. If you have your money in a bank money, isn't just gonna go away. The f b I see, has basically now stated that they will fill in any depositors who whose bank goes but that's not really the issue right now. Three, issue when it comes to a lot of the regional banks that people are taking their money out of the regional banks, because the rate of return you get on your savings in regional bank is not nearly as much

is the rate of return that you're going to get from a so called money market account. When you put your money in a money market account. You begin with a five percent rate of return when you put it in the bank are getting like a point, one percent rate of return. after inflation, which means why would you leave your money in a regional bank and the real that those regional banks have to guarantee those low rate of return, as opposed to higher rate of return, is because they don't actually have the asset base in order. Hey you at a higher rate and herein lies the problem. people keep drawing the money, ammonia, those regional banks, the retail banking and go under its regional banks. Go under liquidity is going. Are too dry up. If liquidity starts right up, there is no more investment in businesses. If the investment a bit, he stopped you of the two thousand seventy thousand recession all over again, according to usa. Today story by swap not then a global rama, swamp with the failure of through regional banks since march another one teetering on the brink of america, soon see a cascade of bank failures. Bloomberg reported wednesday that san francisco based pathway Bang corp is mulling assail. Last week, first public bank begin the third bank to collapse. That's the second large thing fail.

in american history. After washington, mutual, which all remember, collapsed in two thousand eight after the minds of silicon bank and signature bank in march, a study on the fragility of the west bank. system found that a hunter eighty six, more banks are at risk of failure, even if only half of their uninsured depositors. Again those are the debate. Who stand to lose a part of their positive. The bang fails to people who have more than two hundred fifty thousand dollars in their accounts at these banks, because the f b, I see is only supposed to ensure up to two hundred and fifty thousand dollars of deposits that their long mean they will now ensure pretty much all deposits, but if half of those people decide to withdraw their funds, these banks go under. Most bonds are currently paying a fixed interest rate that becomes attractive when the if rates fall. But the problem is that all these regional banks basically trusted the federal government. Moral of the story. Folks do not trust the federal government, because the federal government is there. Grand eyes itself at the expense of everybody else or a bunch of banks, took all of their assets. They put them in bonds figuring that the federal government is not going to increase

interest rates tremendously over the course of the next couple of years. Inflation was a thing of the past. We lived in the new model monetary theory, universe in which we just an endless amount of money and inflation will never hit inflation hit, and now all of those banks have an asset. That is just garbage, because the federal german devalued the bonds in which all of those banks put their put their money and investment as the usa today points out many banks increase their holdings of bonds during the pandemic when deposit were plentiful, but demand and yields weak for lobbying those unrealized losses will stand paper, but others will face actual losses if they actually have to sell those securities for liquidity or other reasons. So We could be watching a run on those banks pretty soon, and you can see that as the stock market opens. Regional banks- tumbled on thursdays, despite assurances from the federal reserve that the banking system was on solid footing, pink pack, west bank warp drop by about fifty percent It was said in a statement after midnight eastern time on thursday that it's core customer deposits were up since the end of the first quarter and then

an experienced any unusual deposit flows since the collapse of first from but that doesn't mean there won't be a run on. Western alliance is another bank whose documented hearted fell by thirty eight percent christopher for can analyse each montgomery Scott described the nosedive in bank stocks, taxes a ten from according to the wall street journal, but that really the attempt at hand from when all of the regional banks are sinking all at once in In fact, there are so many short sales on these regional banks at this point that the federal garden is thinking of coming in and stopping short selling. That is the rumour on the street today is that the federal government is afraid that short. Selling, is going to lead to a cycle wherein people, selling off the stocks. In anticipation that these regions, Banks are going to fail and if that happens then possibility of raise new acquitted either issuance of new stock goes away as well This isn't the only risk to the economy right now again, these are all the wages of bad governmental and fiscal policy when you inflate the currency with endless spending and shut down businesses for two years, when you decide that it is

imperative to jack up the amount of money in circulation in order to quote unquote help the people at the bottom though those people are the hardest hit by inflation. The costs come do in economics, gravity always applies according to new york times is meet. Sarah professor financed at stanford graduate school of business, quote carnations in system is at a critical juncture. in fragility and collapse of several high profile? Banks are most likely not in isolated phenomenon in europe. A damaging combination of fast rising interest rates, major changes and work patterns, Control of recession could prompted credit crunch, not seen The two thousand financial crisis baghdad amidst the housing market, The lenders had handout, high risk loans to people of poor credit history when the market collapse. So too many the banks, made, those loans that caused the great recession this time the epicenter is different, but the result. Maybe these aim lost jobs and widespread financial pain and then. This professor and stand for business school explains the rapidly increasing info. Rates that are undermining the asset value of all of these regional banks, and then he says, there's

other area of looming concern and could also spark a panic, the commercial real estate sector, commercial, real they. Loans were two point. Seven trillion dollars in the united states make up about a quarter of an average banks assets if those loans are coming do in the next few years, refinancing in higher rates increases the risk of default. If a lot of people have taken out loans and then they have to ratify those things, and the rates are higher now, because the interest rates are higher than Presumably, a lot of people are going to go under the not going be able to actually afford the mortgage in the commission, real estate sector, rising interest rates to press the value of commercial properties especially those with long term leases and limited rent escalation clauses, which also increases the likelihood of a default in the great recession, for example, default. Raises rates rose to about nine percent of about one percent, as those interest rates went up this time, the damage this sector threatens to be far far The covenant nineteen pandemic lead to a huge jump in remote working with over forty percent of the labour force working remotely by may. Twenty twenty third turns in person off his work has been slow. The commercial real estate sector is overleveraged, signed a distressing.

already visible, particularly in offices by the end of march, the equity thou real estate holding companies or reads focused on the office sector, has declined by nearly fifty five percent since the beginning of the pandemic And then there's a longer term risk to says this, professor, after the collapse of silicon valley, bank and signature bank, the government took substantial actions guaranteeing all deposits, regardless of sex. Restore trust in the banking system, but this creative man moral hazard. What incentive to bank executives have to take some well risks with deposit money if they believe the government is going to simply protect those deposit over time anyway, so the systemic, so the banking system continue to adjust and those are exacerbated by the fact that the government continues, you spend endless amounts of money, gets them momentarily. First gotta talk to you about daily, whereas most trusted privacy And the premier, sponsor of the show, express vpn river, the fine print that appears we start browsing in incognito mode so they say while in nearing come you download now needs no contract you're totally you wrong. The fact is that that fine, and says your activity might still be visible to your employer school or your eye s p. It really want to stop

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Are you currently enjoying the show on the stitched up? Then? You need to know. Sticker is going away on august, twenty nine yup going away as in a foot to guide dead rest in peace dinner and thanks for fifteen years of service to the pod cast community, so switch to another pine cast out then follow this show their apple spotify or wherever you listen. So all of this, as I say this economic crisis that is going to happen it well because there's just no way to avoid that. The only question is one exacerbating. That is, of course, the governor wild overspending problem. The reality is that one way that you could bring that back into into focus is to cut the amount of government spending. That's what the debt ceiling battle is all about, but the reality is that Joe Biden doesn't want to cut the spending. He wants,

continue spending they continue to maintain the radical keynesian. No isn't the way that you maintain a thriving healthy economies to blow extraordinary amount of bar money into the economy, but you only do there right now and then unemployment rate out right now and what is is the unemployment rate remains really low? That the jobs market contain to be incredibly robust, which means inflation, is not gonna come down anytime soon. That is particularly true again, given the fact that Joe Biden, maintains that he wants to continue spinning endless amounts money. The fact that he will not even discuss going back to twenty twenty two levels of spending is an amazing predictor of exactly where we are going to go fiscally here. The wall street journal points out, Gregg EP that a dead deal. What action help solve the country's inflation brahma. The chance of debt deal are really really low. At this point,. Joe Biden simply wants to continue spending up to us who hasn't wanting cut discretion, spending and want to restructure entitlements. Nothing in fact has become a taboo in american politics to talk about

structuring the entitlement programmes there actually driving the national. in a major way. Meanwhile, democrats saying that they really don't want negotiate? Senator John tester demos montana he says default that may actually happened. So we can state that, on top of the list of fiscal problems facing the united states, what did mccarthy problem exactly. I think that adds another. Sidebar to this, that makes it more differ, the center more difficult than changes changes landscape. I will tell you that before I was worried, because we have done this before as you right job, but I'm going to I am very concerned that there's enough people out there that want to see this default happen on our dead. Then in fact may happen. get well. If you don't want it to happen, you ll, be a great thing, is put pressure on Joe Biden to come to the table and actually negotiate over the future of the economy in the united states, but he's not going to do any of that sort of stuff. John tester Democrats have interest in doing that sort of thing the game in politics.

to avoid responsibility at all costs when it comes to the economy, the reality is that he thought I think economy with a serious future requires the governments not to make endless promises and spend endless amounts of borrowed money and then inflate the currency in order to fill in that gap. But that's precisely what has happened here gonna continue to happen up until we had that cliff and here's the problem. The reason I can predict a date is because it's going look more like a cliff than it is like a gradual decline in the economy. It's not going to be gradual stagnation of the economy. It is going there. There will come a point where depend There are just not holding up these regional banks, more. They collapse liquidity dries up like that, and also things get real bad, so my advice by the way what I've been doing their by diversifying would smart move in this particular area Maybe it's no one's gonna take responsibility of tat. She solve the problems which is sort of the theme of today's politics is not avoiding responsible, at all costs being of avoiding responsibility at all costs, The city of new york continues have about ways they dont actually want to police crime, but the same time they want.

pretend that they don't police crime, that there won't be people who try to defend themselves, in fact that the attempt by men mainstream hard left democrats to normalize living in garbage conditions, truly amazing. It really is in there known, attempting to suggest that you are a believer in equity if you're willing to allow yourself to be victimized on the subway, and this has become an actual talking point representative, jamal bowman democrat of new york. He had some statements about Jordan neely. We spoke about your nearly etheridge or nearly as this thirty year old, mentally ill, repeat, criminal, forty, four arrests, most recently, rest worn outstanding forbidden sixty seven year old woman and use subway and whose threatening people and shouting in their faces, and apparently preparing get violent. When he was you down and put in a submission hold by a twenty four year old marine hebrew. He then die and so this is turned into the media's usual game of is the systemic. Eric and racism is this all about the evils, white people and, as I said yes, It isn't about that. What this really is,

is a city that refuses to actually police crime because policing crime, my look racially disparate, is represented. Jamal bowman, suggesting, of course, that this is indicative of the evils of the united states of I'm born and raised in new york. I I rode the trains, my entire life as a child. You often see people who are an housed have episodes, and I couldn't help, but think of the like ten the things that could have been done before this person decided to wrap. Is arms around MR nielson neck and choke him to death. The entire world saw it. The entire world saw him be choked death. It's on video, so let the DA do as investigation, but the investigation is going to include this video

That that that's amazing what what else could have been done, but ok, first of all, there are plenty of resources for people who are mentally ill in the city of new york, at least in terms of having a homeless shelter or place to go. The biggest problem is that people who are schizophrenia, people who need who need mental help. Those people are not taken off the streets thanks to people like jamal beaumont, Instead, the left is settled on a theory when it comes to this, which is that you, the normal taxpaying citizen of the united states, must undergo the gauntlet are being abused in public areas by people who are mentally ill drug addicts are criminals is something absolutely must happen. it's that momentarily first, when you're running a business employees can create all sorts of interesting situation constantly your things, about hr is not something you think about when you first start a business, you first start but business. Like you in a couple of buddies, we started our business in my. Friend jeremy's pool house, because, like five guys get but pretty soon when your business expand your employees, they can be trouble for you their great, but they create

issues if you don't have an hr department? You can be in serious trouble. This is why you need to talk to bambi. Bambi gives you access to your own, dedicated hr manager and just ninety nine dollars per month. This person is available to you before email in real time tat the hope you run imply on boardings, terminations and performance reviews, but babies, hr autopilot feature. You can automate important hr practices, setting policies, employee training and feedback procedures, all bamboos, hr managers, based here in the united states and can support the nuances across all fifty states. Each hour managers can easily. eighty thousand dollars per year, but bambi started just ninety nine bucks per month schedule your free country, They should today see how much bambi can take off your play. Cora bambi to come right now, type bench of your honor Guess when you sign up they'll, be a and b eat outcome as bambi dot, com and type in Ben Shapiro, too. get started. As I say, I guess the goal here for I've just to normalize, being abused. on the subway system, Roxy and gay, who there is a running gun battle over the new york times on who is the worst columnist and in there is rich competition over there. It's like the kentucky derby of terrible columnists, but roxane gay is definitely one of the front runners.

She has a piece today in the york times, titled making people uncomfortable can now get you killed increasingly. It does not seem to be in public to be human to be fallible quitting breathless journalism about rising crime or conservative. Talking point about america falling into ruin the one I'm thinking isn't in san francisco or chicago at the southern border. The ruin is woven into the fabric of america, amerika being into all of us all across the country. Supposedly good upsetting citizens are often fatally enforcing ever changing arbitrary and personal norms for how we conduct ourselves. Then she writes about a series of events in which people gauge in no crime, as in the case of wrath, yarrow in kansas city or some minor crime, as in the case of a person who shoplifted and then end up getting shot. But then She gets to Jordan inordinately court. On Monday, Jordan, nearly a Michael jackson, impersonator experiencing homelessness experiencing homelessness. Does everything is passive whenever things your unhoused,

If you are your mentally ill person whose living on the streets not because there are no homeless alters, but because the city will allow you to have on street, and you do so. You are experiencing homelessness or your unhoused. It's somehow the fault of the society for not giving you a house or something he was yelling and, according to some subway writers, acting aggressively, I'm afraid, you're It will not, of course, some writers go into all the riders. We have food, I don't have a drink, I'm fed up, mr, namely cried I'm going to jail in getting less imprison, I'm ready did. I was making people come from. sure he was. His were the words of a man in pain. He didn't physically harm anyone. I mean avoid all the reports of giornale, apparently attempting to put people, and so my tracks, of course, the past few weeks, the consequence for causing discomfort isn't death unless, of course, it is A former marine help, MR nielson, in trouble for several minutes killing the man news reports keep MR nearly died, which the passive thing we die of old age we die in a car accident. We die from disease when someone holds us and choke over several minutes, something far worse, guard. While I mean first of all, we can have a medical examiner, I'm sure he's going

if to determine whether an underlying condition led to nearly death, meaning that Normal person is placing a submission. Whole gets knocked out, they will die seems stuff again happen in the George floyd case, where the weather The situation was obviously exacerbated by the fact that floyd was high as a kite and had pre existing health conditions, but that's not really the the point here is that you, as a citizen, it is up to you simply undergo the gauntlet being on a new york city, subway and being abused, part of being in a civilised society, need to be fully civilized means that you, as an innocent lobby, it is in. You must accept being abused in our tourism. This from two thousand twenty? Two, this? What riding the subway in new york is actually like. yeah.

You can see people moving down so went away from a person who is at an end with this looks like a black and white literally grabs. The hair of another person of color was sitting there saying help me no one's helping her is solving. This young woman is now grabbing about the and and throwing her now, walking down the car shouting at herself now climbing the window of the subway trying to kick out the window of the subway. According to rocks and gay that person. What what's the point, well. What about this is just what it looks like to live in. So what now you may think to yourself. This looks like what it is what it's like to live like in an uncivilized society where anarchy tends to reign. This is a it's sort of a recidivism.

To the bad old days of the nineteen sixty seventies and eighties in your city that led to the tv section of regionally giuliani and then a crime decline in the city of new york. But this is what is being normalized and again, it makes you a good, listen to accept it. So, for example, as women and Emma viz, when John the majority report. I guess and shouted clip going viral today talking about how, if you want to feel safe, transit. This is bourgeois and you have to suppress those bourgeois. feelings! You have to make yourself feel okay about being abused on the public transportation system. I was hits at one point sitting on the subway by a man who was having a mental health episode. He sat next to me and he was elbowing and kind of flailing around and hit him in the face, and then my body and I it was jarring right on the idea but I could I would want him to be heard in any way. I just didn't want to be near him in that moment, because I understood something was going on here, but, like my fear, not the primary primary

Objectively, what we should be focusing on right now: it's the fact that this person is in pain and so like the politics of dehumanization privileges the the bourgeois kind of concern of people's immediate discomfort in this narrow narrow instance as opposed to larger humanity and life. It's really broken, twisted being beat up being physically abused is now being part of the larger spectrum of humanity in their wonderful. You are expected by the hard left to now. Though being abused on the public transit system in order to create a more diverse and wonderful society, it I mean good luck with despair, guys seriously. Good good luck, to you in all your future endeavours, because let me tell something that nobody likes right, left centre being yelled out. Beat up assault on the subway system. Nobody likes outcrop nobody's into it, so

This is the new idea. Is that to be tolerant, diverse, inhumane? You have to allow yourself to be abused by sketches, homeless people in drug addicts. Then I wish you all the best. God bless you we'll get some more on this in just one second. First, if you want a business, the past years them pretty bumpy, I guess we ve been talking about- probably use a break innovation refunds can help me out innovation. Refunds knows of your time. That's why they made it easy to apply for the employees, retention, credit or e r c handover to get refunds I get start in less than a minute, see if your business qualifies for e arcy assistance, your business might be eligible for a payroll tax rebate of up to twenty six grand promptly. payroll during all the nineteen innovate reference has already helped. Clients claim over three billion dollars in payroll tax refunds through the air sea and I'm able to help your business as well. There is no option. and their own campaign till your business gets its refund thomas, the opera they rolled tax refund is only available for a limited amount of time. You really have nothing to lose and all upside in, whether you are eligible for this payroll tax revenue and give the fact government shutdown business.

For two years, and now has inflated everybody out of house and home head on over to get refunds, dot com that is get refunds, dotcom once more get ready funds dotcom see if your business is eligible for that payroll, tax revenue, alba for limited amount of time going to get refunds, dot com right now to get started for each oh. By the way, it is amazing to note what gets covered by the media. What's not, nokia can read media in the case of this particular subway death. The new york post has a piece by Nicole Jolene us pointing out that twenty seven people were violently killed on the subway system in new york city since march of twenty twenty, no progressive outrage. Why? What? Because this one fit the narrative, the narrative was white man black quasi victim. Before any of these twenty. Seven people lost their lives to murder in the subway, many of them like we were homeless, young people before twenty nineteen fifteen years from new york apple rack up twenty eight members on the subway, not three as normal,

We must point out where we're air sea and all of her fell investors. When homeless soccer player, I ke maloney. Thirty two was murdered by a stranger, as he slept on the subway in november, two thousand twenty one. Where were they when Claudine Robert forty four also sleeping on the subway, was fatally knifed by a stranger earlier that year, answer is nowhere, because that's the way this war- If it fits the narrative, then it becomes a national news story, but the underlying theme too This is that you, as a civilised human being, are expected to simply avert your eyes when it comes to crime when it comes to homelessness when it comes to terrible behaviour, all in the name of, as I say, often atomistic individualism. Somebody is living their happiness if they impose on your space. What is your job to simply stand back and allow that to happen? Which, presumably is why you have? I mean it this Similarly, is is why you have san Francisco now having to deploy the national guard. According to the new post.

things got so bad in san Francisco that they ve now brought in the national guard in california. Highway patrol this week to combat trafficking in drugs. Well zombies in the city. For days later sources told the post deals are still going down the street anyway. The struggling. He has finally announce it would take a tougher stance on crime after an exodus of retailers plagued by theft, dwindling tourism and two hundred overdose. That's in three months mere london breed said. Using chp officers in the national guard. Support to curb drug trafficking is the aggressive step the city needed state, but remember one the rest. That this is happening overall is because of intolerance for drugs. old behaviour on our streets and intolerance for drug overall in our society, which has risen in tremendous fashion by the way. This is not only a lot of This is linked to the rising marijuana use this become taboo subject is back in the ninety. Nine is you're funny daddy. If you said the marijuana use was bad and that actually marijuana could be addictive to people I have you suggested. The marijuana use was both a gateway dragon Also addled people have you said it that ain't. What when I was growing up,

ninety is really just. As you said, any that stuff you are uncool. That was a thing you weren't allowed to say. Marijuana was exactly the same as alcohol except milder and smiled help, and if it is only one point, that which is absolute ripe. It is nonsense. It is not true pretty much all the warnings of those concerned Body daddy's have now come through. According to the uk daily mail, Mary wanna, maybe driving a surgeon, schizophrenia cases among young men, a major government funded seti suggests. Researchers. by the national institute on drug abuse, estimated thirty percent of all schizophrenia cases in men, s twenty two thirty are linked to cannabis. Addiction overall, across all age groups, the analysis of six million people found, fifteen percent of diagnoses in men and four percent in women could be attributed to the drug, dr Nora volkow and I DA director and co, from the studies and the results, call for urgent action and demanded people think twice before smoking marijuana. But we were told that again, marijuana is the cool kid cigarette Cigarettes are really bad. You can have those smoked in public places, but you can walk through denver and the entire,

the entire city is now covered in a small like blanket of marijuana smoke and all that supposedly good. Why did all of this was a lie. The idea that schizophrenia and in marijuana at length and that it was not just not true another that shows the teens who smoke cannabis our six times, more likely to get schizophrenia. But again this was supposed to be an act activity linked to personal fulfilment you have a drug, addle generation of people there I on everything, from marijuana to address or told by their elders this is the highest expression of individual autonomy and at all, I really must make way for their personal behaviour and then we're, surprised when our cities are falling apart. They should not be a shock at all when there's a bill Esophageal underpinning to everything happening with our younger generation, ranging from the skyrocket rates of mental illness to homelessness to drug use. there's something going on in our society and that is the complete fragment

and of the social fabric, the exploding of our social fabric, beaks voting on the idea of norms of decency itself. With this presume is widely surgeon. General has now put out report surgeon, general. The united states has now put out a report on what he calls the epidemic loneliness and isolation. while the surgeon general doing like an amazing job first to eat you so late everybody in their home for two years, then he put out a report on the surging epidemic of loneliness and well done. Everyone just genius levels I hear from the surgeon general first of all the this is not a public health issue loneliness, it isn't it's a spiritual issue: it has public health ramifications, but it's a spiritual issue. Where about this report, is that the surgeon general looked everywhere, including under the bed, for the sources of all of these problems, but or at any point, is the government's just. Oh, maybe it was us, maybe us undermining the social fabric, both economically and in terms of costs

we'll standards? Maybe that is part of the problem so vocs. Stockholm sums up what is in this surgeon general port on the epidemic of lonely, and isolation. They say that loneliness and social disconnected us are a serious to physical and mental health. It's a soul, way, solution effects and mortality are equivalent to smoking up to fifteen cigarette today, so social isolation and objective measure of lacking connection to family friends in community and loneliness, a subjective measure of, just disconnected contribute The person having a higher risk of heart disease, stroke, anxiety, depression of dementia and make people more susceptible to infectious diseases, and this ripples. to the broader community, so the main take the report include the idea that one americans are lonelier and more isolated than ever half of american say experience loneliness according to several recent service, less than forty percent. Seventy twenty twenty study they felt very connected to other. In the nineteen seventies, almost half of americans, forty five percent, so congenitally trust other people. Today, less than a third say the same amount of time.

can see they spend alone every day has risen by We thirty minutes from two thousand thirty two thousand nineteen and then agree Another twenty plus minutes in twenty twenty during the pandemic, the amount of time young people aged fifteen it if we spend with their friends in person drop by nearly seventy percent from two thousand and three to two thousand and twenty. Some of the risk factors that that make you more prone to loneliness and isolation. Include what being a racial or ethnic minority or identifying as algae bt q, experiencing discrimination having lower income and living alone. Well, I mean perhaps the relation is reversed mean. Perhaps this is not because of this made me it's not your race that is leading to a sense of isolation? Maybe it's these social! breakdown in communities that are disproportionately minority is leading to a sense of isolation is In relation to causation doesn't run from societies discriminating against, whoever your isolated. Maybe it's that there you're social ills that are their lead.

The epidemic of loneliness and isolation, the second being taken, from this report, is that loneliness and social isolation negatively of per affecting person and a community's health, which of course, we already knew. And then the surgeon general, so just how the united states can begin to address its loneliness epidemic, so they recommend six pillars. You ready for these one strengthen the social infrastructure, more communal spaces, more social activities, better infrastructure to help you access them. Also like midnight, basketball, that'll solve it to develop pro connection public policies that account for the need to foster connection from transportation education, many public transit will do it public transit, more subways in buses, because, as we ve seen on our subways, things are going on using you see the sort of social connecting us that you are looking for in that subway People are being grab the heron dragged around mobilizing the health sector, train healthcare providers twice five people at risk of isolation and better equip providers to connect patients with the other form, social support, they may need reform. The digital invite

by requiring more transparency from big tech. Deepening our knowledge will that, obviously means more government, funded studies and cultivating a culture of connection using all the vectors available from politics to entertainment, to reinforce it, alleys of connection and reduce polarization, ok You may notice that there is one thing above all that the gun really should be doing when it comes reducing isolation and loneliness one thing above all and that is to go away. Government should go way because the government has created a destructive cycle that has replaced the social fabric in the first place, I'll explain in just one second, first, let's talk about how you can reconnect one way you reconnect as well, because momentarily is actually through god. Ok gives you need a higher purpose in combination with others. One way you can personally connect if god is through hallow, regardless of your religion, we all need a little more peace in our life hallows, an incredible app that offers a unique approach to where and meditation, unlike other meditation out how it is tailored specifically for people

to deepen their relationship with god. How app is filled with studies, meditation reflections rooted in christian prayer practice. I have a bunch of christians, obviously work at this company. Huge percentage of my audience is christian, and let me tell you, go back to church and use hello. You can pray alongside mark Wahlberg, Jonathan roomie, who portrays Jesus in the chosen. Even some world class athletes. He can access at number. One christian as the bible in a year with father MIKE Schmitz on hello, hello, helps you maintain a daily prayer routine with features like progress, tracking and streaks. He can stay motivated make prayer irregular part of your daily routine set for reminders, invite others to play with an track your progress along the way I take time, My day, three times a day to break, you should do the same, using hallo if you're looking to deepen your relationship with god and improve your mental and social well being try how for three months, free at no doubt com, comstock shapiro, the tallow dotcom, slash shapiro. Also. and you, along with tens of millions of other people, watched netflix's hit, show making a murderer you're going to love it daily. You are pluses new exit, If a ten part series with candace owens convicting a murderer coming this summer, there is no such thing as your truth. There is only that route.

And, while seems like, we are living in a world where the actual truth is hard to come by. Some people are still pursuing. That includes people. the daily wire and especially candice. With regard to this particular case. So you know that If here is all about stephen avery in and out how When an innocent man have been convicted well, it's a lie: it's not true and candice debunks it in convicting a murderer. You're not gonna, wanna miss it. There's never been a better time to become a daily wire plus member sign. Up now for convicting a murderer, you'll receive an early bird discount of thirty five percents off your daily wire plus membership. Don't wait until the series comes out this summer. The deal is not going to last long you're also going to get all the premium content from daily wire, including the graders, ever sold from Kansas. What is a woman doctrines the peterson series on the book of exodus join now a daily wire dot com, slash subscribe, become a member see the truth when it finally comes out. Ok, speaking of the breakdown of the social, So surgeon general has this report talking about all the ways: the loan, this epidemic is destroying the country and obviously is: are things like what what if we like build your dorm, and then we force you into a common space to hang out with all the other people? What if we actually made you ride public transit.

what, if the creed midnight basque, volleys, here's the deal that leave people alone and let people tobacco charge that a couple of major things that have happened via the government that have destroy the social fabric in this country over the course of the last sixty years. One is the replacement of social connection with government incentive structure I'm talking economically speaking, see in a normal religious community. The way that it works is that you demonstrate you have skin in the game. The skin in the game. Is you go to church you go to synagogue, you engage with your community part of the p t a and by showing you have skin in the game. What this means that, when you fall on hard economic times, your friends about your family helps out your kinship structure. out is traditionally how communities were built. The government in its head is unfair. We don't like it any more because what it's basically saying is that you have to buy it system in order for each receive back now the government replaced that with a new deal, which is you have to buy it, government system in order to see back

If you really want receive, then you have to give all authority to the government and you have to cut out the social fabric, which is precisely what people did again all the economic support systems that were built rooted in duty right. You got yet the entitlements that you got we're just an aspect of the duty that you had to the community and if you disconnected, france between you and the community, while the entitlements one way, but this meant that people actually were able to bear the entitlements in the duties, we're gonna go they came in and said you have no more duties not to your friend. Your family. Now to anybody. The government she's gonna pay for you. What did it destroyed? The economic incentive structure for people to join religious communities and fragmented these communities? And you may then what you know- that's better because people are liberated question two people feel liberated, or do they just feel atavistic divided from the rest of society. The evidences in any evidence is clear. Sets problem number one: the new government, through Our programmes has basically destroyed all social incentives for kinship structures. Community

worked in religious communities. That's one to the government has actively promoted a social culture which subjective individualism is the only way to think about yourself. The way you're supposed to think about yourself is not with regard to your community, the governmental said bid and tell you that your local community is not allowed regulate itself along margin is lines ideological images once you win this community- and you don't want that we'd shop opening in your neighborhood, while the government may have something to say about that? You religious community and you don't want a strip club opening down the street Well, you know that may be a violation of free speech. It might be a this kind of destruction of the social fabric by the government and then the, consequent atomization of society, not particularly shocking of course, has been exacerbated by other features of the americans. skip including social media, which has allowed people to abandon those local local in person, structures where you actually feel social

inaction or the place where I feel most social connection. On a personal level- and this is true- virtually everybody in the orthodox jewish community, for example, is sabbath on the sabbath. You go to shore at sure. You hang out with your friend your for your kids. your friends, kids, you spend literally the entire day being part of your community and then, if you are part of it, bust orthodox community, not only on time, but this is of course true of christians on sunday This is why the idea of blue laws and sabbath laws in which people basically took off day. That was a very good things decidedly speaking it we got rid of all of that and we replace that with this idea, that you can make friends all across the country right, you can do this using facebook. You can do this using social. What does our friends, those who should pay? for on line and lonely and bore just like you, and they have no. sure stake in you because you have no duty to them. Do the thing is, if you actually wish we need social fabric is reliant not on goodwill. Is reliant on goodwill that is built upon a mutual sense of values, sharing and duty. That is where the social fabric is built to have good will follow,

People out there randalls I've goodwill for them. I of charity them all the time, but let me tell you something if they know by into seem dutiful system. That I am part of level of connection I have with them is very, very low, and the government has basically exploded that the note in the EU have a duty to your neighbour is now governmental. We imposed by dint of government gun right, whether you're gonna help. You know is by paying into the welfare system, and if you don't pay into the welfare system, the government will arrest you for tax evasion. That is not the way that are typically used, or whether used to work is universal. More pressure is free to join the religious community, every part of a purpose driven community with a higher value system and by doing this, this meant that you are now in gay. With everybody else, the government came and they destroyed. All of this all the intermediate. I cited sociologist Robert Nesbitt talks about fifty sixty seventy years ago. All those have been completely undone and there's the surgeon general being like well, but if we do build some buses, then we'll fill that back in. While you know the backlash to this is all starting now, because it turns out that the crystal is

None of this atavistic individualism, crystallization of the subjective ism, has now entered the advertising marketplace and was one thing when this was the soft background to our society is one thing when we could feel it happening could feel the social fund frank, but you didn't see somebody ripping the social fabric and halfway in front of you when people could deny that this is what they We know it well, you know what yeah yeah social fabric that's the natural consequence of development that you some sort of a thing that that happens, and I mean do you really want to go back to the bad old days when you are expected to go to church and that that's so that they can have soft in quotation in individualism, atavistic individualism without regard to community that could have but when you see the the culture in front of your face taking the social fabric and then just taking up taking box cutter and shredding it right in front of you, That's the backlash begins, and this is what we are now seeing. One of the reasons that you're seeing this with regard to bud light, it is but light, is a great

early bleeding indicator of this so bud light was a great american companies, a great american brand there's. A brand was built on basically the flag and horses that was the entire marketing campaign for bud light the clyde sales. It does what everyone remembered about by light is really cucumbers. during superbowl with the clydesdales, some do with american flag. That was going to be but light and then but light decided to higher as in influence or a man, pretending to be a woman, and at that point of really well, ok guys have nothing in common with you literally, nothing, not only that. We think that you actively fostering the frame of the social fabric, because if we don't even know basic things like men and women exist, and we have nothing to share, and so, but like tales had absolutely cratered and good for honestly good on It's an optimistic sign for american society, good on americans for not buying bud light. Apparently their sales have dropped like twenty percent leading the end. Has our bush in bed? Ceo Michael, do care us to have to speak about the decline of by light tales on an actual conference. Call here is what

said: one challenge is what you called amusing formation and confusion that still exists will need to continue to clarify The fact that this was one can one fly answered, one post in not a campaign in repeat this message for some time Okay, so they're just going to keep claiming now, they'd have to back off his thing. They're going to say it was just one posed, was an influence or was not a campaign or good luck to you, you're going to have More than that, I am glad that you guys are backing off, I am glad that you have realised that you can call this far and ends lap, americans, in the face with a wild bout of social leftism, but it ain't going to help wagtails, apparently down twenty six point. One percent for the weekend we'll twenty second compared to the previous year. There are down to

one point one percent for the week prior, in fact here is some video from fenway park. There's a bud light stand over there in seeds fairly busy park. There is no one and that bud light sand. God this is so funny and bizarre. Look at that is applied to every single thing are no one. No one! No one is going to bud light skin there's lines for the stand right next door. No one is above the law that is not is not jogging. That is the way this is going to go because the american people it turns out. We don't like having the fraying of the social fabric, thrust directly interface It is trying to walk back. Keep it up, keep it up. America because this is necessary, meanwhile, again the gap between the elites who actively promote a culture, which the only thing that matters is, that subjective feeling of of inner sexual fulfilment, the gap between the elites and everybody else is growing and growing. This is for in the fashion industry. So anthropology has now

down the bandwagon, but the boy, crash is coming to an end for apology, released a photo shoot with age this is dude, whose now wearing anthropology dresses. Now my wife loves the stuffing anthropology I'll. Tell you one thing when I, anthropology anytime soon, because guess what not fans brands that patronize women pretending that men can act like women or be women. It's ridiculous, headed by the way this this pretty, instagram posed by anthropology that such bad response today to shut off the comments here is the post. Here's this dude any wiggling round and then he's going this thing where he waves, a dress of the camera and boom now he's wearing another dress, is in this amazing men wearing dresses off the bravery knows gallivanting around another anthropologists women. Wouldn't you like to look like this, so my muscular, Man gallivanting around europe, and I said all right up and now he's where another dress in this exciting is really really solid, stuff right here again, the more that the left wing culture decides to thrust

their ideology of social decay in our face. The more people are going to fight back against it, and I am here- for It- man, I really am, and you should be, for it as well for sure. By the way. This is also going to happen with regard to tv, so ok, so there's a show called ted lasso, an apple tv, popular show, the first was pretty charming. The basic idea ted lasso was that it was in america, an optimistic andrew american, who goes to one and because he is almost mistakenly hired a he's, actually he's hired as a football coach he's. An american football coach in america is hired as a soccer coach over in london, and he- and this happens because the owner that him basically wants to the team and turns out the table. Ass was actually a really coach, because that can do optimistic american attitude, the whole first season is about the kind of culture clash when these dour bread- and this optimistic american, whose kind of dumb but also kind of smart, because he has this kind of folksy wisdom to him. While now

Lasso has completely caved in on itself like dying star. The last season is absolutely unworkable and you watch lasso is not going to last as a cultural phenomenon because of this, because those people do not like it. People are annoyed by it. In fact, here's a clip from you want to know why to so. I The first couple of seasons of ted lasso, it's gotten progressively worse, this isn t lasso, is one of the worst things on tv is truly regionally bad? Does it mean the critics? Don't love at the critics of course love it, because the critics love anything broach social leftism, there's not a lifeline. There's nothing every episode is now a lecture about social justice, every single episode is a lecture about she'll justice. Guess what americans are like this crap here's a scene demonstrates just how bad the shows gotten brow, and if you don't you private pitch is out there. Just thought he'd make it fixes successfully be a famous wallace come on. I know it's called the noma and the only people to blame Eric, because you still use and put it online. That's why I delete all the photos on the phone down, especially cousins,

is jimmy on this one. Whenever I have a relationship- and I asked the girl to go through my phone delete- any photos- videos whatever she wants both of yo yo busier. As you know, one guy deleted candy cross. that's. The laugh was devastated. But I a hold up once someone sent you a photo. Don't you mrs lulling, I long private photography is quite murky. It's not above the law We were getting a lecture from him. He said. I believe this is terrible. Writing good lord. This is this is awful awful awful writing. What does that have to do with these decaying of the social fabric? Again, everything that was supposed to be built around common basic sage share patriotism, which is what tat last was first season was built on. Instead, it has now been dropped. did and move to decide in favour of whatever is the me to crap that you seek to push in a soccer show The range will go down because the amount and people are not up for this sort of stuff just watch it just watch it happen.

Meanwhile, in terms of the king, the social fabric, there a lot of americans who believe that there are some people in positions of power who decry the sort of stuff and actually are in favour of the decay of the social fabric. This when it comes to illegal immigration. So the fact is that there are wide variety of perspectives for the gradual legal immigration there, people who believe that legal immigration is approved because it undermines the domestic american workforce. I'm not believer in that basic idea, but I understand it there. People like me who believe if you wish to come here and engage in the american bargain end of skill set to offer to the american people wish welcome you with open arms, but when it comes to italy immigration, it is very clear that no country worth it solves can have an open borders, and so, when you have elites or effectively advocating for an open border or effectual waiting in open border, when that happens, a lot of people going to look at that elite class and say you guys, don't seem to care very much about the social fabric. It's in. In fact, we think your line. We think that you're in favor of the fraying of the social fab because you literally dont care about changing the constituency of the country for people who are crossing.

Illegally without any screening procedures of any real weight whatsoever. So this why people are our down on the binary ministration with regard to the illegal border crossing numbers, there's been a sea change in how immigration is dealt with in this country. Basically, in two thousand, while brok obama in pursuit of re election, decided that he was going to try to appeal to hispanic voters on the basis of jack up where he was going he was going to say that the dreamers people who are young people even brought here when they were kids and now they ve grown up, but there are still here illegally at those should be legalised in some way in who's going to override the constitution. Just do it using power of the pen and power of the phone and its basic idea These are the dreamers and and don't worry people who are south of the border. Now they're not going to look at that and then just cross the border that prop up. This is what he said publicly now, because is, did you believe him then, or was, as he dry magnet the creepy sucking sound, taking up everybody south of the border up north of the border? And the answer is now in and the democrats

I'm not mitigate their policies on the border in any way, shape or form, and so the russian crisis continues to get worse. It's going to get fully agree just this summer. So much that even kirsten cinema, a new found independent in state of arizona she's to be democratic and identifies an independent? She blasted jean pierre for saying that he bore a secure, says numbers, not secure. More action needs to be taken so Ask me legislative action. We're gonna continue to call congress to do that. So obviously What does not secure anyone with eyes can see that in any one who lives in a border state like I do born and raised in arizona actually takes offence at comments like that before they're just factually not true. The reality is that border communities in my state are suffering already and that's before the end of tat. Afraid too, and this is why people questioning what exactly are the democratic priorities here so much. So the you start to see Democrats actually just their message. So just a couple of days

Eric Adams, mayor of new york, whose ripping on gregg abbot the governor of texas, Gregg Abbott, of course, sending bus loads of illegal immigrants to new york city. Why? Because those illegal immigrants they won't, they cross the border and they, Abbott was a where you go and many of them will say new york and says: hey. Here's. A bus second and atoms basically suggested there begins down south that they are raised. And that is why they are sending illegal immigrants and migrants up north to place lecture model or new york. There is arrogant, I'm just a couple of days ago,

see son washington, two thousand, so we wash it's a little difficult to hear an answer, but what he's actually saying is that abbot is targeting blackmailers Not just northern Democrats he's targeting blackmail in yours, so yesterday headed I stepped back. He said he said, I'm not saying the greg Abbott is a racist. The reason he has to walk this back. it's very obvious that the democratic already at a national level is responsible for the crisis in a local democrat.

leader is going to have to pay the price for bad democratic policy. Nationally. Here's Eric Adams walking this back. He has been busing even today, passing thousands of migrants to the city, but you said this week that he's sending them to black led cities, your city, washington, dc chicago. What are you saying here that he is doing this because of the race of the mayor of the city? Well, let's be clear or clear here, it was placing quotes, wanted a front page is about people that I call them a racism was placing quote. I never said that I mean I didn't say that you cannot just got another sending it to our black led setting clear as I do from pillar to post, not you thus with they stated what I'm making clear of the fat not based on my opinion. He sent them to new york city, washington dc chicago december, but all philadelphia which has a white man. All of the all of the I have not received any

boys from philadelphia, Ashley's any grounds. And is an illegal immigrants who marthas vineyard. So I don't know with race, but Adams then was finally forced to rip into the white house over their handling of immigration. Again, it turns out tat people, don't like the stuff in the democratic and escaping the guillotine, unilaterally. Speaking because republicans keep running, bad candidates. If republicans, ran good candidates in any area, they would be much much. a competitive with a democratic party that seeks to undermine it. social fabric. This is why you're seeing democrats run away from their own positions in their own party now, about asylum seekers and migrants. All of us came from somewhere to pursue the american dream. It is. the irresponsibility of the republican party in washington, for refusing to do real immigration reform and its responsibility of the white house for not addressing this problem brows texas, El Paso denver los angeles new york.

Cargo. We should not be burden. The weight of this problem finally goes out of his way and in after slapping republicans in congress. For no reason he decides to effort by and democrats are increasingly gonna, be forced to deal with the consequences of their own actions because it turns out they have real ramifications for the society in which we all live time for some things I like and then some things that I hate to things that I like today, so there's a fan what movie from nineteen fifty two called the cairo by probably the greatest from all time tankers. Our is a phenomenal film. If you, if you never actually spend some time with cross aloes corollas over you, you should its attack I mean we're talking about that he's most famous for doing rosh amman. The rush man isn't close to his best movie guru, I think, is probably his best movie that the basic movie is about a bureaucrat in Japan who doubt that he has it that he's dying. It is six months alive and he tries to discover sort of what meaning in fine in six months left and it becomes static

and obsessed with the idea that he's going to build a park for children is a very quiet film. It's a bit if a film about what it is that I shall make a difference in light, so they re made this film last year. They retire, the living, which is what ichiro issue remains in japanese tulip. They remain with bill nye I put in color. They said it in nineteen early nineteen, fifty britain is what looks like an dumb. It's quite it's almost a shot for shall remain, but for those people can't stand black. White film or I dont want to read subtitles. It's it's really here is the trailer for living. Sue leaves little frosty

too much for him after present action. What is it up? Small wonder, note swallows becoming dad you write, he found it nice. Tremendous inability to belittle again is not made from a staggering Listen to and placed the film is really going to. Lukashka compromise allows life work. There are the real message of his own. Is that It's the small everyday activities. We do that make people's lives better, that actually make life worth living. This is the social fabric, building stuff right, he's vents entire life, being a faceless bureaucrat in a government office and basically passing the buck, passing the ball on. He says on one point:

That is his entire goal to be a gentleman k, and then it's, it's really quickens her film, because the originals, what a conservative on the the he after discovering that he is that he has a fatal disease. The first thing he does. He goes to kind of a seaside town. He thinks about committing suicide, but then he doesn't do it and I he hooks up with with a oh who sort of leads him into the nightlife and chosen going to different night clubs and all the rest of us. forty seven he finds out for one out of this. This is not fulfilling that. Essentially, if you lead, live your life in pursuit of hedonism, if you live your life in pursuit of that, that sort of fleeting pleasure is a meaningful. The only meaning that you're going to find is working with your community to make life better for others. That is that is the main meaning about it's quite a good film again, the original and then you can watch this one as well. I prefer, across our direction, because he was maybe the greatest threat or rather live, but living is. Is really good and worth, The watch, ok time for a thing that I hate

a couple of things that I hated it, so we begin with An amazing video of a woman named olivia, concerto, she's, apparently the first woman, Indeed, the blade division, one baseball and em, so she threw out the first pitch at a Boston red sox game did olivia petrovskoe, it didn't go. Amazing here is a division, one and c baseball player who throws like I don't know J g highschool boy, it is maybe I this area the I I and that is a wild meant, that is to the backstop everybody cheering yeah, that is, that is not a good package. She laughed at.

It says she definitely showed some velocity in front of the cheering boston crowd. I'd like to get a m to get rid of it on that is seriously I'd. Love to I'd loves. You know at the rate or done is there a pair wish he bats lefty and throws righty. She has one at that she got in a bat against by Firstly, when brown was now ten to one in the bottom of the ninth, the need is not reported. How that at that went I'm going to assume it didn't go amazing, because, if she'd hit a home run, I feel like it would have been in the story k. They had to turn off the comments. this video to, because it turns out that people saying that she throws like a girl now to be fair, she's, not throw like most girls. Interest perpetual motion, that's fine! She. So it's woman, which means that tat velocity affair this woman has ever told a baseball. Being clock is like the mid eightys, which does not make you diversity at a high school baseball team these days, but she was throwing at first. Job

again we we are. We all have to pretend that women throw the same as men they do not on average did not remotely throw the same as men like not at all in the the average woman by studies. The average and throws a baseball slower. the nine hundred and ninety nine out of one thousand men. The average want that not a shortcoming of women by the way that just these men and women are built differently. The average man. In fact, all men cannot push a baby out of them like there's plenty of differ, physical qualities to men and women. The fact that we have tried to obscure this by saying, oh well, you know she's a she's, a girl, she's playing division, one baseball- by way it actually is a great sort of rebuttal to the idea. that men and women compete on the same footing. It a major story when a woman, a biological woman competes with the men and has one at that would be a me your story. If a man competing with women already just be beating up on the women, like imagine, a division, one entity, doubleday baseball player, male baseball player, playing on women's baseball team, we're talking like babe ruth numbers, man

it's up just the latest indicate. Ok, meanwhile, one more thing that I hate today, so apparently amber, heard also known round these parts of the amber turd. She is now in awkward man too. so I guess the rule is that you can be so insane and also up early abusive, though you take a dump husbands bed and call it the dogs dump and also like phil violent exchanges with your husband, like cutting off part of his finger and stuff, and it's totally cool, and it's totally so amber her doesn't dissipate. I wanna know you're the Absolute hypocrisy of hollywood. Hollywood is the biggest there there's they. Britain have some extra the level of moral superiority. I would like to see one iota of your moral superiority for like one second, would be amazing. According to the l a times amber, heard's fleet appearance in the new trailer for aquaman. Two has made quite a slash cinema con twenty twenty three

during the movie industry. Events in las vegas warner brothers- maybe the prison Proper men was kingdom, which will see Jason momo and heard reprisal their roles as aquatics gifted heroes and love interest arthur in mirror the trailer hasn't been released to the public, yet this year, confirmed wednesday, that heard is in it. apparently rumours of her camera on the trailer surface after Johnny depp supporters were Is he out there dumb she's a terrible person because she is, and so apparently they they ve tried to men, eyes the eye that different minimize hurrah, but there are leaving her role in there or something, and if you and a man who was like you know in the woman's the extent that, like part of her finger, got cut off. Do you think he gets cast in that? So I would say that, except for the answer might be yes, I mean the insurrection may be ass. The snow crappy hollywood is like I want to say that it's a sexist double standard, but it may not even be a sexist double standard. So more

I can claim that you're, a member of a sexual minority, you're fine, as rim miller, is starring in the new flash film. Now the new flash room looks great. Also Ezra miller is a crazed insane criminal, apparently allegedly, I mean is a person who went missing for months in august because of complex mental health. Is he recited in vermont with felony burglary? Last year after state police investigating an incident involving several val call being taken from residents found that it was probably Miller intent when he made headlines after according surfaced in which he was choking a lady outside a bar in iceland, no charges were filed whose rested This is why in twenty twenty two one for disorderly conduct and one for harassment and because he declares that he is a day. that he is either sufferings, multiple personalities or or has no actual. Gender businessperson is like

a wild abuser measure miller any still in the flash again choking women. Charged with disorderly conduct and harassment use of grooming in june. Twenty twenty two according to court documents filed on, Seventeen standing rock sue tribal court and obtained by people attorney and active. His iron eyes in his pediatrician wife, Sarah jumping eagle, claimed miller had been monopoly in controlling their daughter took the iron eyes who uses she. They pronouns ngos by gibson since the two at a standing rapporteur, reservation events in north Dakota back and twenty sixteen when the middle groom their kid from the age of twelve after taking immediate, parent innocent liking to them, adding the miller similarly, a pattern of corrupting a minor, allegedly drugging their kid the years and is being caught like in psychology psychologically relative and controlling behaviour same month, another I came for with allegations against azra miller. So and they're gonna go ahead with all this, so that the flash just goes ahead.

The again the ruin. Hollywood is that you are. If you are, why We abusive and a terrible person so long as you identify as a day you're fine. This was Johnny depp original mistake, Johnny depp, just any region, trial with hammerheads had heard it hey, hey, let me tell you a measured, bisexual and with all my god, hero hero cast the more we do, we need more, we need more johnny. Depp is like the all purpose. Shield ember hurt his bisexual, so she gets too, you know, play victim, and then I guess, because an awkward woman nine or something? And meanwhile, as remember, is grooming children, allegedly and he's because he is a bay and what I want to get out of jail free card this whole gender identity. Things become well folksy economy, is in a state of disarray. Obviously we are on the precipice of a possible banking crisis and gold is now hitting high points again. Journalists on the lines discusses philip Patrick, is a precious metal, specialist and spokesman for birch gold group one in order to green politics in international relations at university of

I spent years wealth manager at city group in london's wall street before moving on to birch gold in twenty twelve twelve, obviously birch gold's major sponsor of the shown we thank them for their business, philip thanks much astonished. I really appreciate it. Thank you for having been so what Talk about. Current state of the market's gold has been climbing, pretty signal. Only here, because of all the unrest in financial markets, think the chances are of this banking crisis. Getting worse we ve seen in just the last few weeks, three of the four largest bank failures in: u s, history and obviously the problem first republic ran into is the same problem that silicon valley bank had, which is essentially a board launch

treasury bonds and since the fed has been raising interest rates and it's pretty squeeze on their capital. Now, according to the f b, I see the banking system was on the capitalize by six hundred and twenty billion dollars at the end of twenty twenty two every time the interest rates go up. So did those losses now fast or probably can't about twenty billion dollars of losses, which leaves at least a six hundred billion dollar hole in banks balance sheets at the moment, for a little bit of perspective in two thousand and eight twenty five banks failed so far this year, the three banks that have failed had more capital than all of those. Two if five banks are combined back in two thousand and eight, so there's no easy resolution. I think things will get tougher before they get better and there may be some more victims along the way and philip I mean it's obvious, Reserve are establishing a rock and a hard place. On the one hand, it doesn't appear than inflation is going to come down to the two percent level anytime soon they raise the basis points

twenty five basis points in their last fed meeting and other hinting that they may put a pause on that, which is amazing, because again, those inflation rates are still stuck in like best available scenario like five percent two and a half times there. posts to be. But I also understand that if they continue to raise the interest rates than they are essentially devaluing all of the bond assets that are being held by these General banks, which means that if there's any sort of deposit withdraw and people are withdrawn, because they're afraid their deposit you're gonna go away, but if they move their money from the bank to a money market accounts, there remain fibre. as opposed to almost zero, and so they're pulling your money of these regional banks, which means these banks going to have to sell off assets that are. essentially valueless because of the federal government, the federal, It doesn't have a lot of choices here, but to inject more liquidity in the economy, but to facilitate more sales but spend more money, which, of course, exacerbates inflation. This is it. This is a rock and a hard place. it is absolutely spots on and then the second ass we became down. It was clear to me that the fed would choose saving the bank's over combat.

inflation and, I think, that's a decision that they'll make time and time and time again and we're seeing it now. I don't think they're going to raise rates much more. I think the two percent of federal reserve target for inflation will be a pipe dream for the foreseeable future and I think it ends in the same way with money printing, so I think you're absolutely spot on you and so We're we're looking at JANET Yellin, meanwhile telling congress of the united states will begin bouncing tracks on june, first, it is unclear which way this is going to go. I mean right now, Joe Biden and the administration seem to feel no pressure whatsoever. Tashin negotiate over that ceiling, though the republicans asking for pretty minor caught in the grand scheme of things they they would actually like to cut back to twenty twenty two levels. Last I checked not cutting back ninety ninety seven levels and the Democrats, our kicking back into the white house, is kicking back against this. What are you are the chances that we actually go into a default. these for a little while, just so everybody can can get their political win

I mean. Let's see, but by the way I agree with you, the plan is: will it was what mccarthy put forward was eminently reasonable? Twenty twenty two spending levels was the third highest budget, history. This is very, very far from austerity, so I think it was definitely an olive branch and the Biden administration's position is is unconscionable, quite quiet frankly, to say: hey we're not going to negotiate, we need, we want a and no condition increase. We want to be able to spend what we want is bonkers, given the situation, wherein I mean it, it's it's unconscious. Like I said so, look I think it's a game of chicken. I don't think they're gonna allow the fall. I think it's going to be dealt with as it has been the last couple of times, which is you know, a deal at the last second before midnight and I think, to a degree that the republicans will be forced to capitulate. That's how I see it playing out, but we'll we'll we'll see. So, let's talk

the possibility of recession novices on everybody's mind. Some economists are put the chance of recession in two and three. At this point. Meanwhile, Jerome how's like now we're avoiding it. It's all. It's all going to be fine. Basically, it doesn't look recession until it does so is recession This point unavoidable. It feels that way, obviously only the national beer I've economic research can officially declared recession. They usually do about twelve months after it starts like the fed. Won't you It's the word recession, but they've been using the word soft landing right, which I think is federal reserve speak for recession, whatever they call it. I think we're going to get it and you look at all of the big leading indicators. I think it's fairly clear at the conference board's a leading economic index for the. U s fell by one point: two percent, since its lowest levels as before, since before the pandemic, 'em we've seen, of course, the two in the ten year treasury yield curve invert fasted thirteen months ago and typically

The recession will follow about twelve months after there was a very damning report, of course, from the international monetary monetary fund that was just released forecasting global growth at fifty percent lower than average. They think you'll take five years for ad to recover just back to average levels and that most of the growth will be coming out of china, so recession does feel imminent and eight thousand look like it'll just be domestic, but rather global in nature. So, given all of the fact that economy given the state of the economy right now? Yet what is the smart? reggie in terms of diversification. Look

everybody needs to be looking at a precious metals in climate, like this, my last year, central central banks, globally boiling gold at record prices. Twenty twenty two was the biggest year the central bank gold buying in history, and I don't think it's a coincidence right. We ve got massive money. Moving away from dollar base trade, we ve got international transactions now moving away from dollars: brazil, russia, india, china, pushing to do so. We have inflation domestically, we have coming out of a stock market bubble. All of these things doesn't bode well for stocks, bonds Allah shorter time and in those climate, that's where precious metals become very important. Inflation drives them up. Market corrections to drive them up, so they very conducive as a hedge in climate, like this. I think everyone needs to be looking at a precious metals fur for twenty twenty three on the shore.

The medium term, my folks at brcko, sponsor the show. Obviously, if you wish to buy your gold the way I do from birch gold to expand to ninety eight. Ninety eight. Ninety eight get your free info kit on gold again to expand to ninety eight. Ninety, eight nine, yet arctic as the rest of the show in january now you're not gonna, miss it will be getting into the mailbag if you're, not a member, become member use code, shapiro checkout for two months, free on all annual plans. Click that link in the description enjoy the