35 Burst results for "ATF"
"atf" Discussed on Gun Talk
"And runs off at the mouth all that. I don't care, but we need I will promise. He's going to take away your guns. Well, look at it this way to, and you're exactly right look at it this way. For anyone who? Is Listening to this and they grew up in a world. So we've we've we've lived so long under since one, thousand, nine, hundred, eighty, six, and since nineteen, Sixty, eight, and these big enormous loss of liberties. Gun Control Acts that they've become normal t to a lot of people. This is just normal normal. But it's not normal and what will happen if we get Biden in there is more loss of liberties that will become normal to the people who are a little bit younger now and they'll become well, why would anyone ever want a semiautomatic? That's horrible. Well, you people California's think it's normal to have to wait ten days or to have to do a background check to buy ammunition or to have a list of approved guns and no other guns can be sold there unless they have been approved by the state because I did love none of that for so long I mean. I've told you I go way back to the point where when I was a youngster. I could order a gun from the magazine Boys' life the Boy Scout magazine, and it would be Mayo to my house. There was no such thing as a federal licensed dealer NFL. You buy a gun you could buy their grocery store goodbye at a gas station and you could buy at when you were six years old if you had the money and we didn't have any problems with that was normal now people say, well, that's that was then but that you're you're exactly right, you lose a piece at a time. And you get acclimated to whatever the loss of liberty is that you've suffered. Yeah and that's the scary part is it becomes a permanent thing that you don't get it back. You give up that ground you just you can't get it back at that point. We'll. All right thanks for being with us. Thanks for giving everybody a kick in the butt. Hope we get. We motivate some people. Got, to, do something to. Bring your call with. That's all you. Catch some. K J whereas me. Whisper. Are you guys GonNa do a thing on latest time with jet We probably will. We probably need to get maybe get him in here and have him tell the story it'd be great. Twelve year old getting that deer. Terrific man that's good on you just Hail Hey, we've got a we grew up around guns, our kids and to do it. Yeah. That's another good thing. So Vote, take somebody shooting, take somebody hunting. That's important stuff as well. That's it for us. We'll see next time on gun talk nation..
Midnight Moment 4 - Voter ID and A Conspiracy Theory - burst 1
"Jury of Nation. Part hair and it's time for another installment of Liberty Virus via the midnight moment delivery system. that. I was night three of the Democrat National Convention Day One, hundred, sixty, fifteen days flattening curb. It allows unlucky enough to over here made me throw up in my mouth a little bit I gotta be honest with you wanted to wash the taste out with out. But. In the end, I settled for for a Nice Cup of coffee. George Carlin one said I don't have pet peeves. I have made major psychotic fucking hatreds. So in the spirit of both George Carlin and my complete total annoyance with current events, we're going to cover two topics with you. Tonight the first is a voter ID, and the second as a self developed spiracy theory that I would like your indulgence to entertain as strictly a mental exercise though in our society, there are things you. Have to show ID for buying a gun getting prescription painkillers buying alcohol buying. We'd words legal of course, a buying porn. You have to show ID at the DMV the board, an airplane to board trained drive an automobile the list goes on and on and on survivor is going to be required to do any of the above things or you know conduct adulting in any way as it always is lot why states not have a? Statute that requires valid identification busted as yourself that question for a second, you may not like the answer I mean Article One section. Four of the US Constitution states the times, places and manner of holding elections for Senators and representatives shall be prescribed in each state by the legislature thereof. But the Congress may at any time by law make or alter such regulations except as to places of choosing senator I mean there was. An assumption clearly present in our constitution that citizens right to vote is protected under free speech under the First Amendment. But in a citizen right the but I mean article two section one clearly spells out that our founders framers specified who could and couldn't be president no person except the natural born citizen or citizen of the United States at the time of this adoption of this constitution shall be eligible to the office of the president. Neither shall any person be eligible to that office who shall not have attained? The age of thirty five years have fourteen years been a residence within the United States our founders and framers carved out specifics. Do you really believe they had any intention any intention at all for non citizens to vote in our elections? Give me a break. So if they're going to push the agenda and by the way I'm speaking to leftists and liberals who seem to think that showing identification at a polling place is somehow minority voter suppression Oh really then I say, well, no, I devote no idea by guns no background checks ever for anything. No idea to buy booze or weed. Or board a plane. Is it. Any wonder that liberal states have started issuing driver's licenses to illegal immigrants? Because if somehow some way. We restore common sense in order to our republic and require a valid form of identification vote illegal immigrants will be their voters and their voting block. I'm not suggesting we give up the right to an anonymous ballot that's absolutely protected by the First Amendment I get it. No. One has stating that your driver's license number be attached to your ballot. But. If you can't get into a bar without id if you can't buy liquor without ID, why should you be able to access the polling place? I just want to point out and make it clear the blatant outright shitting hypocrisy and quite frankly left racism in the claim that somehow requiring an idea vote is minority suppression really I mean here in Colorado most liquor stores that I frequent require id for every transaction and believe me I do not look twenty one or younger bars and nightclubs in this area often use a barcode scanners. Id and I know that it's that way in some other states, somehow all of this is okay but somehow requiring an ID to vote arguably the most violent in the world voting is minority voter Suppression Racist Bull Shit. So as the assertion that minorities by the way don't have an ID or don't have the ability or somehow incapable of getting one, I mean the bring specificity again. Zona adults over the age of eighteen are required. To carry ID at all times. That's whether you're walking down the street driving your car or otherwise, and that has been in effect since World War. Two, this is not something new. This is not something that the Clintons or the bushes or anyone else do any time in recent history this has been the law of the land for literally decades. Whether that laws right or wrong as up to you. But really do we really need any more outside influence in our country regardless of what the political spectrum you stand on our guys we've got another segment coming up right after this break. Stay tuned. Midnight Patriot nations spartan here with a shameless plug for our new gear shop shop dot midnight Patriots Dot Com. T shirts, hats, hoodies, mugs, phone cases just about everything else in between we got you covered whether you're looking to embrace your insomnia, show your patriotism or make a liberal hood. Explode. Really. Shop. Dot Midnight Patriots. Dot Com for a limited time. You can save fifteen percent on your order starting now. And now back to the show. So what are the talk about now is? A conspiracy theory I fully admit it. I have no evidence of this except what may be going on around us and some thoughts that I have from the Golden Age of talk, radio in the nineties I sometimes get what I refer to as nuggets of Universal Truth from what most people would consider fairly odd sources. You know movies, songs, sports, overhearing pieces of a conversation, etc one of the things that was kind of profound to me and rain true didn't I didn't really understand the time was the movie captain America the Winter Soldier. Now there's a scene again. Tomorrow will because they're fantastic and I'm going to kind of summarize here there's a scene where they're in a bucket in they're talking to basically an all German scientists. Brain is good put on on a computer and all creepy but isn't that scene they talk about humanity's freedom came. and. One of the things that they said was if you try to take that freedom, they resist humanity needed to surrender. It's freedom willingly. And they finally created a world. So chaotic that you vanity was ready to surrender it's freedom for its own security. Now I know that sounds bizarre and maybe I'm maybe I'm just being paranoid maybe I'm suffering from the Kobe. Kobe lockdown paranoia or whatever you want to call it. The understand this if you wanted to usher in a gestapo-type National Police Force. It had no loyalty to the constitution but only the politicians you know Kinda like Nazi Germany. What would you do? Well. First of all, you'd have to get the police to quit. So if you control the purse strings for the police, department what better way to get them to quit than it, cut their wages, cut their budget and then make them liable for I. Don't know everything. What if he told them to stand down while like Portland Eighty. Three nights of rioting destroys property assaulting assaulting citizens decade the police to quit what about like new? York. They cut the budget of Major Crimes Unit and shootings have gone up. To three hundred percent. Since that happened now, I wanNA make it clear that I do not support a national police force now. Yes we can argue that yes, we have we have federal agents the DA's the ATF the FBI etc. But none of them are actively patrolling the streets but how do you do it? How do you implement a Gestapo of social justice warriors that are essentially thought police, which is what the what's the leftist seem to want anyone that that goes contrary to their narrative anyone that disagrees with any they say politically. Well if you get all the local cops to quit, you have to have something because your citizens will not bag. For protection somebody did is friendly to that idea wins the White House than the Federal Police Force. Is created and then we end up like Nazi Germany. They're already talking about making kids where buttons identified that they either have or have not been vaccinated for Covid. Nineteen. One. Just go out and do yellow stars. Pink triangles. Any sense does you have to question yourself and even do the mental exercise of what's the end game now? This Shit I. GotTa Tell Ya None of it looks good. That was your mental exercise in your midnight moment I'm Spartan have ago. Thanks. Thanks for joining us for another edition midnight moment. Be sure to join us for the main podcast, every Monday night and every Thursday night for more midnight moments. If you like what you hear and support what we do about subscribing. Go to listen Dot Midnight Patriots Dot Com Cook Support and subscribe. Be sure to pick up some merchant gear store shop that midnight Patriots Dot Com. From the Mile High, command. Center. Dot Com studio. This is sport reminding you that the Constitution is not just a suggestion.
"It was January nineteen, seventy four, the future was bright or so I thought. I had just completed my formal education after returning from Vietnam. Only twenty two months earlier. I was ready and anxious to land a job flying for American Delta Eastern or United Airlines. My timing couldn't have been worse. The country was in the middle of what we were calling a fuel crisis. The airlines were not expanding. With no immediate job prospects I decided, it would be a good time to pursue my airline transport rating later changed to airline transport pilot or ATP. Raleigh. Durham aviation offered ATP training, and was also assessment dealer. So I trained in a brand new Cessna three, ten q immediately after my check ride, the airplane was sold to a business in Richland's Virginia. A day or two. Later, the salesman who sold the three ten called and asked me if I would be interested in a job flying a beach baron for a business also based in Richmond. Virginia, the pilot currently flying the baron was going to work for the company that had just bought the three ten. I said I was interested. So he told me to catch an early flight the next day to Tri Cities Tennessee where the pilot leaving the job flying the baron would meet me. I arrived early the next morning. The pilot from Richland's was a nice guy, a couple of years older than me. He had come to the United States to attend flight school and build flight experience with plans to return to Denmark and fly for the country's airline. We departed tri cities with me at the controls and headed for. RICHLAND's I. had not taken the time to familiarize myself to the area. So I simply followed his instructions. Arriving over richland's a short time. Later, he advised me to begin my descent and start a teardrop turn to the right. He explained that we had just passed over the town of Richland's. He knew that because he had tuned in the AM radio station located in downtown Richland's on the ATF. He said I needed to maintain a seven hundred and fifty feet per minute descent while turning. As we entered the clouds, he told me to tighten the turn. I was already in a standard rate turn, but I complied, and we soon broke out of the clouds at about a thousand feet above the ground with the small town of Richland's in front of us. That's when it dawned on me. We had just descended between two ridge lines and into valley. I asked the pilot if you regularly flew into and out of Richland's using this method and he said, he did he told me, it was no big deal. Just crossed the AM radio station on a heading of zero, three zero degrees and descend at a rate of seven hundred and fifty feet per minute while making a teardrop turn to the right. At greater than standard rate right I added. I learned the owner of the Baron had grown accustomed to operating out of Richland's even at night as long as ceilings were at least a thousand feet, not me. Once on the ground, the pilot wished me luck and departed around five PM. The lobby erupted two men and two women entered walking fast with the guy in the lead talking loudly. As. They entered the guy in the lead. Saw Me and said you must be the pilot from Raleigh. I acknowledge that I was So he said file for Merritt Island Florida and let's get going. I filed an I F, our flight plan, and we were soon off the ground. The owner sat up in front with me, which was fine until he reached up and retarded the throttles right after breaking ground. I, put my hand up to stop him. But he had already pulled them back to climb power. He informed me the engines would last longer if we didn't keep them at full power so long. I told him. I had learned most engine failures occur at first power reduction. So I preferred to wait until reaching a couple of hundred feet before reducing to climb power. It was certainly a debatable point and it was his airplane. So nothing else was set. We landed in. Merritt Island Florida at about eight thirty PM, I was looking forward to getting to a hotel and kicking back, but it was not to be while taxiing into the F. B. O., the owner said, okay. Go back to Richland's and pick up three guys that will be waiting for you and bring them down here. I was stunned. It was at that moment I decided I would not be taking this job. I thought I would do. As he asked knowing, this would be the last time I would be subjected to him. I refilled the airplane filed an Afar flight plan for Bluefield West, Virginia and took off heading north. Bloomfield was the closest airport to Richland's with instrument approach if the weather was good. Enough. I. Would cancel the I. Afar Flight Plan and fly visually to the desired destination. Not Tonight. The weather at the destination wasn't too bad. But it would be late and I would be tired. So I called ahead and told my passengers to meet me in Bluefield. It was a little after midnight when I arrived the weather wasn't too bad. But bad enough to require an instrument approach. I was glad I made the decision to meet my passengers in Bluefield. Putting on fuel and filing an IOF, our flight plan back to Merritt. Island took only a half hour or so and my excited and well lube passengers and I were off for the final flight of the day. After takeoff. The Tower released me to departure control about the time I entered the clouds. A minute or two after contacting departure control? I lost communications. All engine navigation instruments were working fine. Everything was good except my communication radios, I turn them off and back on. I, check the circuit breakers. No good. I. Couldn't hear the controllers and I presumed they couldn't hear me. My clearance was to expect nine thousand feet, ten minutes after departure. So ten minutes into the flight, I climbed to nine thousand feet from my initially assigned altitude. I had already changed my transponder to squawk seventy, six hundred when the radio suddenly started working after a couple of hours, I contacted Jacksonville Center and was asked twice who I was. Later that day I briefed the owner about the radio problem. He said I could take the airplane to Daytona and have it repaired which I did. After two days in Merritt, island, I flew the owner and three others back to Richland's Virginia. I rode with the owner to his office and he informed me how much he was going to pay me to fly for him. I, told him. I wouldn't be taking the job. He paid me for my time. Reimbursed me for my airline flight and had me driven to Tri Cities Airport for my flight back to Raleigh. Sadly. The story doesn't end there. A. Couple of weeks. Later, I got a call from the salesman who had sold the Cessna three ten. He told me the Danish pilot with four passengers aboard had flown the new three ten into the side of a mountain, just outside of Richland's.
100 arrested, 13 officers injured in Chicago after police shoot man
"Looting broke out last night Chicago's big shocker. One hundred arrests. One hundred arrests. Ten police officers injured. Rural in the day. When you when you walked out the front door and you never thought once like I, think it would go harm a police officer. Or even if you wanted to, you thought that's a bad idea. It's GonNa land me in jail. Harming police officers is is. Basically, akin to jaywalking these days especially in these cities. It is absolutely blinding. To the rest of the nation. Lori lightfoot, the Mayor of Chicago. Of course once again. Pointing to the illegal guns in her city. That's why. Because of neighboring states because president trump has not funded the ATF properly. President trump's ATF, please. Go I'll clean up your streets tomorrow.
Trump to deploy federal agents to Chicago, Albuquerque under ‘law-and-order’ push
"Two cities to deal with what he calls out out of of control, control, Crime Crime and and disorder. disorder. ABC ABC News News reports reports FBI, FBI, DEA DEA and and ATF ATF agents agents will will go go to to Chicago Chicago in in Albuquerque, Albuquerque, New New Mexico, Mexico, and and worked worked with with existing existing of of federal federal agents agents in both cities. As many as 150 agents will head to Chicago after a shooting outside a funeral home left at least 15 people heard. Chicago police continue the search for those responsible for the drive by shooting outside a funeral home yesterday were at least 60 shell casings were found. In a press conference today, Chicago Police Superintendent Dave Brown said the cycle of gun violence must be stopped. There is no comfort In revenge. None. Put Put Your Your guns. guns. Down. Down. Mayor Mayor Lori Lori Lightfoot Lightfoot echoed echoed that that calling calling those those responsible responsible for for the the shootings. shootings. Cowards. Cowards. I I pray for you. But I also pray that we find you and that will bring you to justice. Most of those shots were taken to area hospitals in serious condition. President Trump is expected to announce his decision at a news conference this afternoon. Mayor Ron Nirenberg is one of almost 100
ATF agent shot during incident in Pittsburgh
"An alcohol tobacco and firearms agent was shot this morning in Pittsburgh it happened around eight AM during a multi agency operation KDKA TV is Amy Wallace reports police activity at the intersection of Fifth Avenue and Marion street in the city's uptown neighborhood this morning ATF says a suspect is in custody in the agent is receiving medical care
ATF Sending National Response Team To Investigate Downtown Los Angeles Explosion
"Radio the ATF national response team is joining the investigation into Saturday's fiery explosion in downtown Los Angeles that injured twelve firefighters the team will work in partnership with other investigators to reconstruct the scene identify the scene of the blast or origin of the fire and determine the cause this is one of the worst incidents in recent history we have been to firefighters were driven off the roof frantically scurrying down the aerial ladder to safety through a blow torch firefighters inside had to escape a massive
How build-it-yourself firearms skirt most federal gun laws
"As the corona virus pandemic sweeps through the country panic and fear have caused a run on hand sanitizer toilet paper and guns retailers tell us they have never seen such a surgeon firearm sales one kind of weapon that has been selling out is a build it yourself for her arm known as a ghost gun because it skirts most federal gun laws there's no background check and no serial number making ghost guns invisible to police and almost impossible to trace when used in a crime we were surprised that it is all perfectly legal after a year and a half of reporting we discovered that ghost guns once mainly popular with gun enthusiasts have also become a weapon of choice for criminals manufactured by gangs and used in mass shootings so this is a test firearms reference library we sought out America's top gun cops the bureau of alcohol tobacco firearms and explosives the ATF to find out exactly what a ghost gun is Thomas Chisholm ATF's assistant director of field operations gave us rare access to its West Virginia weapons repository and told us the latest additions here are ghost gardens what's the difference between these two guns well this is a firearm that was manufactured by a licensed manufacturer of the law requires them to mark them with certain markings including serial number this is not marked no background check is completed when you purchase it it's made at home by somebody using commonly available handles so they both do the same thing they both shoot and shoot him says usually if you bought a gun at a store it would have a traceable serial number and you would need to pass a background check under federal law a ghost gun can circumvent all of that because it's put together from unfinished untraceable parts it's virtually invisible to you in government and also makes it challenging to keep it out of the hands of people who are not allowed to possess firearms after that day I'd never heard the term goes can I don't know what that was Brian mule burger found out one day last November there had been a mass shooting at his daughter's high school and fifteen year old Gracie was murdered they bring in one of the doctors and just like you see on the movies he sits across from me with that real quiet Scott solemn stare right at you and I just I'm sure sand and I'm like please now don't don't tell me that please this was the aftermath at Saugus high school in Santa Clarita California a typical Thursday morning disrupted the quad littered with backpacks after students dropped everything and fled for their lives that's where Gracie was waiting for friends before class she was about as close as I am to you right now Chater right through the backpack and right through the chest and thankfully he the name of the back of her head in a place we got to see her face one more time this is a senseless act of violence Los Angeles county sheriff Alex being a waiver arrived at the scene not long after the shots were fired this kid shows up at school what happened he shows up at school he has a backpack his mom had had packed the lunch room in the backpack was also a forty five auto load carrying that loaded ghost gun was Nathaniel birdhouse a high school junior in addition to Gracie he shot and killed Dominick Blackwell and wounded three other students he save the last round for himself he's sixteen years old mmhm just turns that was his birthday how does a sixteen year old get his hands on a gun he's he's under age under age but his father was a gun enthusiasts and was in position a lot of weapons they were ultimately confiscated because he was detained for psychiatric evaluation so he the father was not supposed to have guns and all the weapons were removed legally at the time share via Nueva suspects that's when the father turned to ghost guns and his son got his hands on one six months later the Saugus investigation is still ongoing this is the actual weapon that was used in the saga shooting is a ghost gun it was assembled we don't know by who but we believe it was the father of the suspect in the came into possession then of the shooter himself ghost gun parts can be used to fabricate a hand gun or even an A. R. fifteen the parts are widely available across the country in stores and online in the wake of the corona virus pandemic they've been flying off the shelves they're shipped right to your door not much harder than ordering a pizza we bought a kit online for five hundred seventy five dollars that has everything you need to make a nine millimeter handgun it came in parts like ikea furniture but for firearms and even includes the drill bits you need to put the gun together in the comfort of your own
Are We Experiencing a Black Swan Event?
"This is a trick question. I have to ask you okay. You know what the standard pitch in from people on the world's go to school get a job work hard save money get out of debt. Invest long-term above their festival portfolios talks wants which avoids. Atf's so if you're a financial planner and you've been telling people for the last thirty thousand years. Invest along term and the well diversified portfolios stocks bonds mutual funds and. Don't worry you know the market's always bounce back by the dip is going to be probably a V bottom which means it goes down and comes right back up or a w goes up down and then back up again which it has done over the last. Let's say fifty years so if you're a financial planner and your clients are calling you and you've given them that advise of invested a long-term well-diversified for pulling the plug mutual funds. What do you say to them today? Harry well I I say a financial adviser is going to be more hated than I am. That were passing the end. Up this bubble booms When it happens and and that is true most of the time. But what my work shows and clear the bell clears your heartbeat. Every second generational booms come about every forty years technology surges every forty five and then big bubbles every ninety years when you get east. T- turning points like the late sixties and stocks or the late the roaring nineteen twenty nine stocks or now stocked. Go Down Robert. And they don't get back to those levels for twenty three to twenty five years. I think this time with slowing demographics and the US we may never see the dow higher adjusted for inflation than it is recently so this is not the time to sit through it these type of long-term corrections or crashes after bubbles. They're going to be seventy to ninety percent like twenty nine to thirty two that by the way not small-cap stocks or penny stocks blue chip leading stocks like General Motors Ford and RCA. Back then went down. Eighty nine percent. The Dow and two point seven years can talk until nineteen fifty three twenty four years later to get back to even so when a stockbroker tells you that doesn't understand history. Harry hang on you got to take a breath and so what Harry is saying. Nineteen twenty nine with a crash came if you are holding waiting for the market to come back so in one thousand nine hundred eighty nine dollars at three eighty one. It took approximately twenty four to twenty five years to get back to three eighty one and when I was a kid nineteen fifties when I was growing up most of the people who are part of the Great Depression my parents and the people who are pounded by the Great Depression and the stock market crash. They were never in stocks there so gun shy of stocks and then in my generation the baby boom generation that brought back the Sangala 401k defined contribution pension plans and all this at the stock market took off so the baby boomers are caught pro with the proverbial pants down and now comes the next big crash. Which you've been forecasting for a long time airy so what you're saying. This one might be a long one. Yes because this is the culmination not only of the baby. Boom gigantic is your heading the largest generation history and it wasn't just. Us hit globally to to grow up in earnest. Money which is totally predictable. Average person peaks in forty six for the baby boomers and spending forty seven for the millennials today and then and then decline so. We started to see that declined to name her. This is a rich audience. Like me a little slow. We gotta speak a little slower. So what you're saying. Is that when a person hits forty six? That's when they're at the peak. Earning and spending and millennials is forty. Seven is that what you're saying. Yes the average. The average person for more fluent people college educated professionals. It's more like in the mid fifties but still average forty six so baby boomers if that peak collectively in two thousand seven something. I predicted like twenty some years before that. And we've been just what we went down big big crisis worst since the Great Depression but not as bad because they printed so much money to stop it and we've been living on quantitative easing ever since to make up for these slow down in this generation spending. That's simple and we're not coming out so let me so. Let me go back again. So let's talk to you. Know My generation. The boomers you know. What would you say to them? If they bought that they drank the KOOL aid. Let's say they have a 401k on IRA one of those things are Roth IRA. They've they've they've seen their portfolio per se. Go Up and now it's crashing. What advice do you have for them? I mean how do they do? They stay in or they exit. We don't give advice rich TAB. I WanNa hear your advice. No you get the hell out period. I think he may have one more. Little run left could be a couple of months. Could be a couple of weeks because the feds pumping in more money than ever with the Repo crisis and now the Krahn advisors but I think this is the death knell for the stock market. They can print money to stop. A recession stopped banks from failing companies from failing even stocks from crashing too much normally. But they can't stop this virus from spreading and it just kills business businesses. Stop people stop. Traveling people start stop spending. I mean my wife's not going to a of of women stay over tomorrow night. They're all coming in from New York you know. And she's you know she made the virus and she's over sixty like I am and that's what it hit. Its old people like you said earlier. So so this is something. They can't buy with money printing. They have kept this following far beyond when it should've peaked in two thousand seven and now they've got something that this doesn't work on so I think this is it so you have to get out of the way so Harry. I was talking to this young guy. He was He's a laborer. Was Painting parts of my house and he says you know. I bought a house like you told me to back in two thousand eleven you bought it for like I think hundred thousand and the reason round numbers and now it's three hundred thousand and he has no retirement is what should I do. I said I saw my house I went. I don't once again ladies and gentlemen at Rich Dad. We don't give financial advice and I definitely couldn't advise US guys. Only forty got three kids. He's got a job. Painting houses got no snow stocks. You and I are calling for twenty five year possible. Depression long-term deflation. What do you say to people what you because if he sells he sells his house? I sit where do you go? What are you going to do with that money? Let's say you have two hundred thousand dollars. I gotTa Pay Capital Gains Tax on it. What are you GONNA do any? He was clueless. I I got some simple rules Robert. I had become a bubble experts since the tech bubble crashed and early. Two thousand on top of demographics and technology and all these psycho because we are in a bubble era and the last bubble era we saw the roaring twenties. So nobody's lived in a bubble before and real estate was not the bubble back then. Because you couldn't borrow money so easily against housing back is very difficult so now. It's everything the rule for. Housing is real quick bubbles. Go back to where they started that that house if he bought it at the bottom of one hundred eleven and now it's worth three hundred K. My rough estimate is going to go back to near that level if he's comfortable sitting through one hundred eighty nine thousand potential decline in something he probably has a mortgage against maybe some home equity lines that he went on deck that fine. I think anybody with any brains would say oh no. I don't want to sit through that one in by the way The demographics I've got a new real estate model. That doesn't just project peak spending like other consumer categories. I have to subtract the dyers and guess what baby boomers are now dying unprecedented rates and will continue to do so into two thousand thirty nine or forty that takes down the net demand even takes it negative at some point for real estate so homes are never gonNA appreciate like they did this boom even in the next boom so it's better especially older. People who retiring lot of baby boomers are realizing they didn't say per retirement. 'cause they're living in good times thought they didn't need to and now they're saying. Oh wait a minute though might make mansion which I don't need now that my kids are gone. I can sell that instantly. Fund my retirement plan and rent my retirement home. I think that's really excellent vice. Do that
Recession. Recession? Recession!
"Guess the bottom line is and this is not going to be news to anyone. Things are pretty bad and they're going to get worse before they get better and I hate that. I sound like authorizer here because of that. Not My role on this podcast. That is your job Bro. And I'm very mad about having to take off. Take it on sorry about that too but desperate times call for desperate measures or something like that so let me just start a little bit about recession. So at this point we are. I would say almost definitely at the doorstep of a recession if not already in one and some folks already saying we are Bank of America. Just this past Thursday said that we are and just to give you an idea of what they're projecting that They're projecting that this quarter the second quarter of two thousand twenty that the economy will shrink anywhere from six and a half percent to maybe as high as fifteen percent. Give you an idea of where that falls. Historically the worst quarter quarterly drop in the last since World War. Two was maybe ten percent and I think that was in the fifties. The worst quarter during the great recession was eight percent so if we go above ten percent it'll be the worst quarterly drop now. A lot of people think that the definition of a recession is two quarters of declining economic output. That's actually not true. The folks who actually decided whether we have a recession or not or whether we are in a recession it's an organization called the National Bureau of Economic Research the NBA are. It's basically the Organization of like fourteen. Hundred economists and academics. They're the folks who say when a recession begins whether we're in one and when it ends here's part of their official definition it's quote a significant decline in economic activity spread across the economy lasting more than a few months normally visible in real GDP real income employment industrial production and wholesale retail sales and quote. So if you look at all those things pretty much all of those are going to drop or not already dropping so many people think a recession is already in the bag. So what does that mean well just to give you an idea of historically what how many times we've had a recession the NBA does have stats back to the eighteen fifty S. We've had thirty three recessions on average. We have one every four point nine years. It's been eleven years since we've had one so certain degree or kind of do on average they last seventeen and a half months. But if you look at the recessions from the past fifty years. They've actually been shorter. They last about a year. What happens to the stock market? Well actually we've already seen it. During a recession. The stock market drops anywhere from twenty forty to fifty percent on average thirty five percent. As of this taping. The five hundred is down thirty percent already from February nineteenth. So it's possible that the worst is behind us. I'm sort of banking on that myself. Personally the thing to how do you mean your banking on that personally that the worst is behind us? Well because I. I'm putting the cash that I have slowly back into the market. Okay so every major down day I've bought either companies or ATF's leading up to this point. Maybe a few years ago I stopped reinvesting the dividends on my stocks so that I could let cash accumulate just the other day I reverse that so now. I'm reinvesting all my dividends so that I can gradually by and that's an important thing to do now because the end of March beginning of April is a new quarter and that's a lot of companies. Do pay their dividends. So if you need cash don't do that. Stop investing the dividends but if you WANNA weigh to gradually move into the market make sure reinvesting your dividends and for many discount brokers. You have to actively do that. The default is not dividend reinvestment. So that's just a little something there are you saying that and I know you're you're not we're not in the business of calling bottoms but are you saying that you think the worst is over no okay. That's absolutely absolutely I don't think so either. Everybody sound like you're like it's time to hop into the market right now but so let me give you this. One thing. That's important to know about how the stock market reacts with recession so stock markets a leading indicator at ten stormy. Go start going down six months before the recession and it starts to bottom six months after the recession has started. This is a whole different story every time every time I would say every recession every bear market is slightly different and this one is extraordinary right. It's the fastest time we've ever had from going from the peak of a bull market to bear market. We've never had a global pandemic like this that is affecting the stock market. You could if you wanted to look back and to the one thousand nine hundred nineteen Spanish flu but things are so different now. I'm not sure you can correlate today's stock market stocks doing that but regardless I think things are sped up so like I said. Usually the stock market starts to fall six months before a recession. But this one happened so fast. I don't think the stock market didn't have the time it's and it's certainly possible that the stock market will rebound faster this time to. I don't know if it will but if you wait until the recession is over to get back in the market you're gonNA miss a lot of the recovery. So that's why I'm just gradually moving into the market at this point so generally speaking historically looking back to the fifties it takes about one and a half years or so for the market to go down and come back up again to reach its peak but if you stress that out to back to the nineteen twenty s including the Great Depression bear markets last about three to four years for it to go down and come back up again and the to bear markets. Where you had this century they last. It took more than five years for the stock market. So that all goes back to that classic foolish line. Any money you need in the next thirty five years should be in cash. Few other things that happened during a recession rates. Go down bonds go up safe bonds go on so mostly treasuries if you have an corporate bonds if you've had any junk bonds you've seen actually your bonds go down a little bit but still. They held up better than stocks. Inflation goes up on historically during a recession and goes up two and a half percentage points during the Great Recession. It doubled from five percent ten percent. This one is going to be extraordinary. I think you're going to see unemployment certainly over ten percent. How long will that last? I don't know but I think we're going to see very high unemployment very
Reward offered for Atlanta gun store robbers
"Gun store break ins with stolen weapons ending up on the streets the latest staffed east of Atlanta has the ATF forward in offering thousands of dollars in reward money Walton county the trading place upon twenty four firearms stolen in a break in last month that follows back in December in Monroe County twelve weapons taken from ventures guns and stuff that's at least three dozen firearms unaccounted for we spoke into the ATF previously about this danger the chances are that those weapons are going to end up in the hands of individuals that would do harm to other individuals desperate for fresh leads Dow rewards in these two recent cases of five thousand dollars each for information to find suspects had rake it's ninety five point five W. S.
Why The Rise of Passive Investing Might Be Distorting The Market
"Hello and welcome to another episode of the odd lots podcast. I'm Tracy alloway and I'm Joe Weisenthal. So Joe I tweeted something recently early and It provoked a large response on social media. It's weird how that happens right. You tweeted something that provoked a response. I I find it very hard to believe. I know it's outrageous but I was talking about. Have you heard of the fire of movement. Yes vaguely like I am familiar with it. It's has to do with people Retiring early right. Yeah so it's fire as an F. R. E. and it stands for financial independence retire early and the basic idea is you can save a lot of money and if you invest it wisely you can retire at an early age like in your thirties and supposedly it's it can work out for for. Even normal people are people on normal normal salaries. We're not talking about really wealthy people and the thing that I always find really interesting about. It is when you go and read about how people are actually investing investing that money so that they can retire early. They're almost all talking about doing it themselves. And be through passive investments events like. ATS right exactly right. So people think they live frugally. They they work for several years. They live frugally. But but then they sort of have this confidence that historical returns that we've seen in stock and bond markets throughout the world will always be there for them in the future and so they just put a bunch of money in passive. ETF's or you know it passive ish ETF's and then they count on that existing for the rest of their lives and then they do something. I don't know they go on. Read it or tweet for the next from thirty five until that's right and the reason I find. This wasn't so bad to me to be honest I would be. I would do that if I if I had confidence. You can see the going up for sure but the reason I find it so interesting. From a market perspective is to me it hits upon like a number for a very very important themes but really it hits upon this question of whether or not the fire movement can exist without the bull market that we've seen for the last ten years right like it's very easy to say dump all your money in something like You know a vanguard total stock market. ETF and just watch it soar. When that's the thing that's been happening for years and years and years? Well I'll say two things. One is certainly raises. The question about whether this subculture can continue to exist but it also raises another question about people who aren't in that subculture but in a way have defacto in fact he'll bought into because this mantra that we've gotten from Sort of the media and fund management industry is okay. Most people aren't saying you should try to retire at thirty five or forty but this idea never try to time. The market never pick individual stocks. Just have a broad diversified provide basket of ETF that you may be rebalanced every once in a while has become so intense and extreme and everyone's being pushed to invest like that so even if you are one one of the fire people on read it it still raises the question. Of how much is everyone else who is not planning on per se. Retiring early. Essentially bought into Olis' extreme version of the same story absolutely and you'll see a lot of the investment advice set. The fire people talk about is actually very very similar to advice given to people generally generally when it comes to their 401k's and stuff like that passive is supposed to be cheaper. It's supposed to be much better. But what if there's a downside to passive of investing we've spoken about active versus passive on the podcast before but we haven't done that much on how passive investing might actually be changing the the way the market functions. No absolutely and it's such an important question given as we've been talking about how many people have portfolios in which the only action they do is just add to the same basket of three or four. ATF's every single month working lives. It's been fantastic since the crisis with incredible rally in stocks and bonds simultaneously but as they say Past performance no guarantee of future returns. This is true all all right. Well I'm happy to say that we have the perfect person to talk about this today. our guest is Mike Greene. He's the chief strategist and portfolio manager over at Logica a capital investors. Mike thanks for being on. Thank you for having me so I guess my first question is. How did you get interested in at this? Particular area examining the impact of passive investing on the broader market. Is that something that you are observing in your sort of day job. Well the way I think of my day job is to really try to understand the market structure. I'm not a traitor in the traditional sense wasn't trained on a prop desk or anything else and so you know I've always managed to make money by trying to figure out. Actually what people are being forced to do. What is the incentive structure? That's causing people to do what I think is fundamentally irrational rather than just saying. Hey they're crazy using stupid and this eventually stop the opportunity to dig in and understand. Actually the incentive structures that have been created the restraint requirements requirements for people to engage in certain transactions whether it's from a regulatory framework or whether that's from a an institutional framework basically built into their Prospectus this ultimately that can create the opportunity to identify trades that you think are irrational and have the potential to break as that behavior is brought to its logical extreme. That's how I stumbled onto this stuff. So what are in your view. The big structural trends or the big structural impositions on individual investors or pension refund or any other entity. That has a lot of money that are all causing people to sort of invest in the same way right now one of the big the key ideas here. So there's a couple of Keith. Things the first is is that the growth of passive investing has has been well documented right and the narrative behind the outperformance fundamentally built around the work of of Bill Sharpe. who was the father of of the sharp ratio The cap M Formula Etcetera His paper in Nineteen ninety-one called the arithmetic of active management management. Is this analysis that we've all heard that says fundamentally passive investors by definition are only matching the active investors in terms of their overall allocation. And so the difference is just GonNa it'd be fees which means that the active managers underperform. Everyone accepts this Today because we've seen the evidence of the outperformance of passive but very few people take time to go back and actually look at the construction of the problem. The assumptions that existed under that the assumptions are just absurd right so in in the definition of what a passive investor is according to Bill. Sharpe is that pass. Investors hold all the securities on the market. How do they get in? That's magic out of the get out. That's also magic. They never transact right the minute they transact they ceased to be passive investors and as we know passing vehicles or feeling with billions and billions of dollars of inflows on a daily and weekly basis there in the market transacting. They are the single largest trans actors actors. By far and as a result they have to be influencing the market they cannot be passive the fundamental premise on which this whole idea is built is flawed right. The second thing that has happened though is because passive investing has grown so large and so powerful. The resources to engage in lobbying efforts to institutionalize passive within the framework has expanded dramatically. Most people have a cursory familiarity with things like 401k plans. IRA's vast majority of Americans have some exposure go through their employer to these plans. Those rules have changed over the years. Through the lobbying efforts of passive players vanguard and Blackrock to inculcate passive of strategies into these vehicles under the premise that this is the best possible vehicle for the vast majority of Americans to invest in and it had the effect of creating this crowding crowding that is further accelerated the performance of the benchmarks that these are ultimately tied to Oman. Sorry there's so much just in the first a couple of minutes That I find really really fascinating. Oh why don't we go back to the first point. which is this idea that? When we're evaluating the performance silence of passive versus active where not actually taking into account the way that passive can influence the market? So how are you seeing passive investing actually impact the market. Now we're seeing it in a couple of different ways right One is that we're seeing a distinct performance advantage that is being created for those securities that are in indices that are being invested into by passive investors. This is fairly well studied phenomenon in terms of the dynamic. What's called index inclusion? So we have one off events in which we can look at securities that have been put into an index or have been injected from a widely traded index. And we see either. There is a distinct and permanent shift in the valuation the price levels associated with those securities. Mrs Well Documented Academic Literature with the literature editor has not studied is the dynamic of the continued inclusion the continued flow of capital and that becomes a harder problem because suddenly they're on par with all of the other constituents students in the index and they're all experiencing it all right so I I gave a speech several years ago in which I compared it to the David Foster Wallace. This is water right. The medium him in which we're actually participating as being skewed by the behavior of these passive flows.
Comprehensive response needed to protect civilians in eastern DR Congo
"Following a rising attacks on civilians allegedly committed by the Allied Democratic Forces or ATF armed I group into eastern Democratic Republic of the Congo or DRC coupled with attacks against Ebola workers and independent assessment of the UN peacekeeping response by the MONUC mission was established last December the independent assessment found that in the months of November and December alone. More than two hundred sixty civilians. Mainly women and children were killed by presumed ADF combatants in brutal attacks mostly at night it also conclude that protecting acting civilians in Beni territory requires a comprehensive UN response Lieutenant. General cuddles Albert Shan't crews will lead the assessment team gene was at U N headquarters in New York on Monday to brief the Security Council in told you and uses Monica Rayleigh. That's armed groups. Main agenda is criminal is not political. We we had to talk to the Security Council to explain the main conclusions have reports and concluded is on the Lee structure that we need to change to in order to have more operational activities in the mission mainly connected connected to the intelligence system and the professional control in the idea of banning in the east of phone. What do you have? Groups like. Eighty F- other armed groups which are the main challenges. And how do you suggest to tackle them. And these groups have in that region they are armed groups but they are as well. I kind of organized crime because the control many illegal business and across the borders with the neighbor neighboring countries and It's very difficult to have some operations against them because they don't all have political agenda they have a Criminal behavior is going to do something. Based on your report I think so because is the chief of GPO hero commended. The the United Nations to prepare one action plan in order to establish the practical measures to implement the recommendations. We haven't report and last question you were therefore for a while Now we have a new General taking over also Brazilian. Would you recommend something to him in this next month. In order to help to tackle the insecurity We they had A coincidence because Genero is here during this week we had to pursue to talk but not there to make recommendation because general exit officer Brazil selected one of the best one and And then I think he will be successful successful in the mission and this also he was also trained by you in the past. He was a student in the preparatory school. And I was a captain them and then a because I'm eleven years older than the general and then he's a new generation from ski officer and fantastic generation. We have in Brazil.
Man convicted in 'Fast and Furious' murder of U.S. border agent sentenced to life
"Sentencing was today for a man convicted in the two thousand ten filling of Arizona border agent Brian Terry directly story every honest was given a life sentence for his conviction for first degree murder and other charges agent Terry's death expose the Obama administration's gun walking program known as fast and furious the program was launched at the ATF's Phoenix field office which let firearms purchased by straw biters walk across the border into Mexico without notifying the country two of the weapons were found at the scene where Terry was
Man convicted in 'Fast and Furious' murder of U.S. border agent sentenced to life
"Sentencing was today for a man convicted in the two thousand ten killing of Arizona border agent Brian Terry directly story every honest was given a life sentence for his conviction for first degree murder and other charges agent Terry's death expose the Obama administration's gun walking program known as fast and furious the program was launched at the ATF's Phoenix field office which let firearms purchased by straw biters walk across the border into Mexico without notifying the country two of the weapons were found at the scene where Terry
Report: Private Security Firm Lost Hundreds Of Guns
"Businesses private homes and even nuclear power plants depend on private security firms to keep them safe but USA. Today in the Milwaukee Journal Sentinel found that one mm firm was not living up to its promise G. Four S. puts itself out there as securing your world and in some of these cases that we found on that did not happen reporter. Gina Barton was part of a team that examined g four s the journal Sentinel Found Company. Employees have lost guns that they used used to protect those sites. Not all security firms provide guards with guns but g four s does thousands of guns under a license from the Federal Bureau of Alcohol Tobacco Baco firearms and explosives. Six hundred forty of those guns have vanished since two thousand nine and the paper found that some were later used in crimes there was garden Florida. Who's going on vacation in two thousand nine and he put the gun in a bag. Put it in a closet and left. When he got back a screen had been cut and the gun was gone and the police suspected there must have been a burglary. A few days after that gun was stolen. A couple of men rolled up on a house. Busted through the fence stabbed Amanda Death in the backyard and then they went into this shed. That was like a man came or a couple of young men. Were playing video games and shot both of them to death and the gun that was used used in that crime. The gun that was used in that crime was the very same gun that was stolen from the guards closet but no one knew it. We were able to put that together. Ten years later so g four s should be keeping close watch on their weapons. According to your reporting they have fallen down on that part of the job hundreds five times. You said the next part is they should be telling. ATF when a gun goes missing of the six hundred forty cases you've found. How often did they tell the. Atf they often when did tell the ATF. There were about half a dozen examples over the past ten years though when their war months. Let's weeks even years went by before they even noticed. Guns were missing. So if you don't know gone as missing can't tell the ATF. It's missing to their credit. They have said that they made some improvements in two thousand twelve and they have more improvements planned now. We talked to them a couple of weeks ago. And they said they're are going to be upgrading. Their computer system yet again so that people at corporate can keep an eye on all these field offices and the forty eight different states and they said that a lot of the I'm I am. The problem is employees are not following the policy. So what they've gotta figure out is how do they make their workers actually do what they're supposed to do what did the ATF. The Bureau of Alcohol Tobacco and Firearms have to say about your findings the ATF said that they could not comment on a specific instance. And that's one of the real problems that we've had in kind of breaking through what's going on with. ATF because they have issued violations nations against the company through the years but they really haven't taken a whole lot of substantive action that we can find and we don't know why so we're we're making some calls to Congress and to those who have oversight of ATF to see if we can answer to that question. Jean Bardin of the Milwaukee Journal Sentinel. We reached out to the G. Forest for comment by the way the company criticized the investigation by the Journal Sentinel in USA Today as a quote flawed biased and unbalanced report that lacks context next about lost and stolen firearms in the security industry.
Scooter Braun Posts 'Kindness Is the Only Response' Amid Taylor Swift Feud
"So there seems to be some sort of no one I called a breakthrough because they're still fighting but yeah yeah yeah still fighting but some sort of development in the Taylor swift the Taylor swift scooter Scott more shuttle flight so I guess now she will be able to perform her old hits on the American music awards thank goodness a grateful nation says things but they're still fighting okay and I woke up this morning and I looked on the instead and scooter scooter Braun posted something I found rather interesting just font black font over a white background and all it says is calling this is the only response oh for god's sake after she publicly comes out there and says that you were trying to do this yeah yeah because she had to do that in order to get what she wanted so I was like um sense when his kindness your response yeah McComb in all I found the only your mind really really I don't know if that's really what you're doing but okay maybe maybe he saying because he's not talking about it you know may be I don't know I don't know the big beef was that she's not allowed to record or re record different versions of her songs yeah for a year that's in the contract so technically her doing a live performance and it being taped is a re recording and that's a big stink was about this so maybe there's some agreement where it's like this can never be sold for a profit this performance maybe I'll be you can't put a live album out there and have this is one of the tracks the only thing I can think of I we all know they're not going to adjust just to be nice no no no no now I think they should sure but they are not going to now I don't live in and I don't believe you know when she first came out with a statement saying what they were trying to do stop her from having any music in the documentary on Netflix or this AMA performance they said that's true we told her she could I doubt it I think that because she publicly came out and complained and they had to shut down their business and then they said you know we don't we don't know when they said this why would she publicly come out and say that they wouldn't let her if it was all kosher this is exactly again I'll say it for the ATF millionth time scooter if you want to lead with kindness if you if you're because I I to be fair the reports are he is frustrated with this feud scooter as yeah he's a he's frustrated with how Scott Borchetta the guy who used to own the record label is handling this so I'm thinking of myself as good or if you really are that frustrated in your and you don't like how this is going you can do something I mean you have the power to do something so I'm just saying you you you you could you could easily meet with her and try to take care of this
Shooting at packed Texas college party leaves at least two dead
"There's been an arrest in a shooting at an off campus college party in Greenville Texas over the weekend that left two people dead and a dozen injured acting on a series of tips sheriff's deputies arrested branding and solace today CBS news bureau Villarreal reports investigators say the gunman was able to get away by blending in with a large crowd during the panic zero the doll was at the homecoming party and says she has a personal connection to some of the victim it's a sad knowing that we're here like coming to like celebrates bean and then like something like this is this is just the world that we live in now tells me they are closely monitoring the shooting that happened at that vigil in Dallas in the meantime they're working with both the ATF and the FBI on this shooting
What is an ETN? - Understanding Exchange Traded Notes
"What isn't et an understanding exchange traded change commission stated exchange traded products are among the most significant financial innovations in recent decades and have shaped financial markets as we know them today exchange traded products for ATP's include Exchange Traded Funds et apps for short and exchange traded notes or et ends ATF's started ramping up in the mid nineteen ninety s while the i. US based ATM was introduced in two thousand six an ETF is cured that holds a basket of you're lying securities such as stocks and bonds it's similar to an open end mutual fund with a professional money management team that oversees portfolio unsecured debt security whose performance is tied to a specific financial index it's essentially a bond with a maturity date usually thirty years or more but unlike typical bonds it pays no interest it just tracks a particular financial index and so the value of this note increases were falls based on the performance of the specific index blackrock does a quarterly review of exchange traded products in their second quarter review they showed that there are five point six trillion dollars globally you in exchange traded products that compares to one point one trillion in two thousand nine in us there are four trillion dollars in US sponsored exchange traded products that's across two thousand four hundred and thirty five e.t piece that compares to seven hundred and ninety four billion in Really Been Ats of the twenty four hundred and thirty five ATP's in the US twenty three hundred and fourteen are exchange traded funds hundred and sixty five our exchange traded notes this is from the ETF DB DOT com database
"atf" Discussed on WTRH
"That is anybody that's not concerned about the ATF, reversing course on their dot ban. Owns a brace for an fifteen pistol. Should they concern? Because if they can change course on one. I'll speculate that a lot more people on braces for fifteen pistol Bandou bump stocks, but just. They can do that as well. Well, you know, that's an interesting point because the pistol brace for the A R that was okay with a letter from ATF as was the bump stock, and then their position today is yes, we did issue a letter on bump stock. Instead, they're they're quite legal and not a problem in. You know, what we were probably wrong when we did that. And basically, we're not even going to say we're sorry that you guys bought all these half million of them. But we're gonna tell you now that was actually illegal. It was violation of law. It was actually a felony. But we're going to give you a ninety day period to get right with this. I don't know to your point. Kevin. I don't know what would keep them for doing the exact same thing with the pistol Hombres. It was the first thing I thought about because they came out with their legal opinion on both of these devices. Kind of similarly and Magor I've got a selfish interest here that I've got up suppressed three hundred blackout pistol is my go-to on defense arm, and it has a brace on it. So it would it would. It would affect me directly. And I don't like. I don't like the thought of it. Interesting now, did were you listening wasn't a week or two ago when we had the lawyer on who is bringing the lawsuit against ATF on this on the bump stock ban and his advice to everyone who has a bump stock is look don't do anything yet. The lettuce work through the lawsuit. Don't get rid of him. Don't destroy him. Don't sell them, you know, just ignore it for right now because he sounded absolutely certain that he could get this thing reversed. I was listening, and I hope he's right. But for anyone anyone that I know the box stock is sort of a novelty, but if we let this stand it will embolden the ATS ability to change their mind on things, and I just think braces are a lot bigger deal inbox stocks. So I don't wanna see them go the same way. Of.
"atf" Discussed on News 96.5 WDBO
"Spiders i was i was going to say i'm sure one of them has something to do with the spiders or is the spider it's the atf based on the sp five hundred so five hundred stocks that are in that index are in one basket and you can buy a slice of that the other one is the queues q's ticker and that one is based that etf is based on the nasdaq one hundred so there's a little more you know leaning towards the technology side as you were talking about before so those two spiders and accuse are the most heavily traded assets in the equities world by day traders so people that day traders or active traders that are generating income people that are trading multiple times a day or multiple times a week to generate income they're they're getting in and out of those on a daily basis or a couple of times a day the generate income totally different than investing but generating income your rating but you can use those assets for long term positions as well just like somebody using mutual fund you're using et fs and save those fees and that's a really great place to be right absolutely feazel to yup over period of time if you could save that one hundred fifty five thousand that would be a big deal yeah yeah no kidding no kidding if you're self directing you also have the ability to protect if the market starts to head down most of those mutual funds are based on capitol appreciation again meaning that the market has to go off our for you to make money but what about those times when the market goes down and you call me because i'm the guy you call when everything's falling apart.
"atf" Discussed on KBNP AM 1410
"These devices to the public now npr reports and if they didn't i would tell you but these devices have been legal since twenty ten after the atf determined that a bump stock quoting is a firearm part is not regulated as a firearm under the gun control act or the national firearms act and that's the the the letters from the atf were there to slide fire slide fire can produce those letters from the atf slide fire has done absolutely nothing wrong a criminal dead not slide fire now let's go back up and listen to what the attorney said we want to sue these people out of business and send a message to any future manufacturers that that's what will happen to them if they try to make and sell these devices to the public but i'm gonna add a word to this because this is the way it should read we want to sue these people out of business and send a message to any future manufacturers of these legal devices that that's what will happen to them if they try to make him sell these legal devices to the public in the future so we're at a place in america where we have a legal product that someone doesn't like that was misused by a criminal an attorney wants to sue them out of business because what the product is legal yeah that's where we're at ford motor company of course i'm talking about the law for protection of commerce and arms act right here this guy doesn't stand a chance with this lawsuit i'm sorry it doesn't may find a liberal judge somewhere that does something but i'm telling you wanna all this thing is going to work work its way through that's whether or not slide fires row we don't know what's going to happen what i'm telling you is that this is another thug bully tactic of the left imagine if it were ford with the same situation chevy minivan i don't know who made the van in in new york and mode people over let's just say it was a forty connor line maybe it wasn't i don't know let's just go they'll just say walk with me.
"atf" Discussed on KLBJ 590AM
"Are the phone numbers you will need them eight three six zero five ninety that's eight three six zero five ninety toll free eight seven seven five nine zero k lbj i guess we can't say we didn't learn anything today from the us attorney and the fbi and the atf but we didn't learn a heck of a lot we didn't learn there were obvious things out there a we know he's not going to be prosecuted for goodness sakes we know there's nobody to be arrested on that front this investigation is a long thorough investigation okay we learned that we will not he is not see it's here here a twenty eight minute audio from the dead bomber we learned that neither of his roommates are in custody they believe that still he's the only one involved but the investigation is underway and you made a great point we cannot nor should anyone ever print or broadcast the names of said roommate because they are innocent right now anything and there was no because this is the credit the fbi the day that it happened they have great memory of mentioning someone's name in associated with a terrorist attack in turns out they didn't do it but their lives are ruined then yeah mean so they've maintained the response and look if these roommates ever want to go public i i don't know why you would and said that you're the roommate of our content i don't know if i'd go there but that's up to you but the rest of us have no right to know who you are in relation to a terrorist attack.
"atf" Discussed on NewsRadio1620
"A class three license he need to pay a tax stamp per weapon is very difficult to have the actual machine gun result rifle in america regardless of what dianne feinstein thinks she defines insult rifle and california's as it has to be black it has to have a pistol grip there should be a pointy end with a bullet comes out a bayonet log 'cause you know how many school shooters of fixed bayonets and that is how she defines an assault rifle does it look like an assault rifle will that makes it an assault rifle so california has done effectively a bunch of cosmetic changes to assault rifles tour the the weapons almost unrecognizable to a non californian but they've also done something this year that goes above and beyond the their their their mandate and they go get into federal territory california's the only state by the way where the atf the federal bureau of alcohol tobacco and firearms and explosives or or as i say friday the the atf this is the only place for the atf says while your status is is harsh while they're strict the california department of justice makes the atf look like the red cross and the atf admits that there is a thing in federal law if you make a firearm with your own two hands at home for sporting use you don't have to tell the federal government that it was made you don't atf doesn't need to know they don't wanna know did did you make you machine at yourself did you make it yourself there are kits by musket kits and pistol kits that you can buy you can make it yourself they doesn't wanna know and then the case of an air fifteen there's a movement there's a thing called an eighty percent lower a air fifteen comes in two parts the lower which has the trigger and the magazine goes in the lower and that's where the but stock is that's the part with a serial number that's the part that the atf wants to track the socalled upper is the barrel and the bolt the guts that that make the the.
"atf" Discussed on Reveal
"Neal trotman with the atf leads the tour he shows the group room that looks like a call center hi dana coin from the atf national tracing center advocates for you denying millimeter pistol there are also rooms were agents scroll through microfilm and sift through boxes upon boxes of paperwork the building manager at one point in time probably about ten years ago or so determined that capacity to be about ten thousand boxes we started having a safety issue or the floors were kind of buckling a little bit too they started bringing in shipping containers like what you see on tractor trailer trucks what we're actually i just i just double check we're up to twenty eight the shipping containers now each containing another five hundred thousand boxes somewhere in that range back inside agent trauman explains why the process is so archaic essentially what what we're prohibited from doing is establishing any sort of searchable or perceived a database of gun ownership and working within the let me start that part over let me start that over k what we what we what we try to it's a question that touches on the sensitive politics around gun control the law the law restricts man i don't even want to say it that way the atf is prohibited from creating anything resembling a searchable database of gun buyers it's tied to this fear that such database could be used to disarm americans so the atf is stuck in analog time capsule and when it comes to the data i'm looking for which could show how many police weapons or picked up at crime scenes even if they tried to figure that out they couldn't tell me but it wasn't always that way.
"atf" Discussed on The Takeaway
"So there the governor just signed a bill that extends the prohibition on gun ownership by domestic abusers to cover the socalled boyfriend loophole you know there's a federal ban on convicted domestic abusers possessing and purchasing guns but it only applies to people who abuse spouses or people that they actually live with but a lot of domestic abuse in relationship violence occurs in dating situation people who don't live together or in stocking situations so the oregon law would prohibit people who abuse partners they don't actually live with which a lot of clinicians consider a really really strong indication that some will go on to commit worse acts of violence that we've talked with you in the past on this show about domestic violence as a gateway wanted many but a gateway to gun violence so oregon seems to be addressing that what about illinois illinois push through a bill to create a state gun store licensing scheme obviously the federal government licenses gun stirs through the atf but the atf has limited resources to actually inspect these stories to make sure they actually comply with laws at the only managed to inspect about seven percent of gun stores a year and they're also limited in what kind of documentation and security measures that can demand from stores so now the state of illinois can impose its own standards on gun dealers in a requiring that they adopt minimum safety standards like locking guns up after closing time or something like that and they can impose additional a recordkeeping requirements on them so the keep better track of where their guns end up while they're some action in some other states as well now these are mostly blue states we just talked about oregon and illinois in red states uh there's been some progun legislation that that elected officials are sort of backing away from after parkland right yeah so in indiana.
"atf" Discussed on KQED Radio
"The atf to taking a look at it that was it no more talk about bump stock in moved on so i think um you know president trump has his renewed support for that i think that could be if something does happen that could be one of the first things that happened because again you already had that consensus but but often initiative like that just kind of peter out in fade away i mean it's worthy just in big picture remembering that there was so much bipartisan support to find a fix for daca i got was thank everyone was on board with fixing daca and even that has fallen by the wayside so the idea of of addressing gun control which is divided this country for generations in this moment it just makes it seem all the less tenable in dhaka's a good thing to think about their because there there would have been a majority in both the house and senate for narrow portions of that but republican leaders paul ryan and mitch mcconnell did not want to move forward with anything in less their full caucus was on board and that's one reason why there hasn't been a fix for doc so the president's talking about how the real action any change is most likely to come from the states which is probably realistic what about florida as as a state where this shooting happened and we're all these students from his high school have been so voelkel have they changed any mines locally or statewide i think so florida governor rick scott really came out in went beyond what the nra is is backing on a lot of different issues republicans control tallahassee just as much as they control washington and what's important to remember is there's only a few weeks left and florida's legislative session so the question of is anything going to change i think the first place to look is tallahassee do these go from proposals at press conferences to bills that the governor's going to sign in the next few weeks if that happens that could be a sign that this this really.
"atf" Discussed on WCBM 680 AM
"A automatic a firearm then that should come under the aegis of the atf so that the congress could act wanted giving the atf the same responsibility as it does right now regarding machine gotten are not i think we are in agreement on this as up to congress it's going to have to be legislation that does this not executive order not by memorandum uh no one ever again because there's no woman the banning amount would even the congress would be allowing it what they would be doing is giving the responsibility to the atf who now has the responsibility of issuing licences uh four uh possessing machines are fully automatic of farms or or machineguns you're right the atf is already been on record saying they do not believe the slide fire stock or the bump stock is a um accessory that converts to fully automatic mode of barbarity have issued an opinion on it so i don't know what's going to change larry pratt he is the executive director of a gun owners of america he said quote in president trump's goal as the band bump stocks than that is a gross infringement of second amendment rights i am saying that the uh that the his route remains committed to fighting any bump stock ban or regulation including the use of legal action so matter what happens here there is probably going to be a um a lawsuit involved and again this is that the politics of it uh again we've had the you know one instance of a bump stock being used in the vegas massacre on the course of a known decades and there is a rush and an overreaction instead of going after the individual the bump stock and and i'm not familiar you know that much familiar with it uh but i would imagine with you pull the trigger one time and multiple shots ring out no according to the um it makes it easier it ink and increases the rate of fire but again according to the atf it requires a multiple inputs by the user for each successive shots osaka's fill you pull the trigger an a fully.
"atf" Discussed on 1410 WDOV
"You manufactory musician keep sporting listening to arm iheartradio for with more your christiane own two hands and all you your favorite don't artists have to put a serial number on it iheartradio for goes personal one on use one with the p from you fought don't in have with to tell at the atf g that you you get made more it and now if movie you trailer sell guy it in a world to somebody of unlimited will then yes plans you do at have to put a serial t number kids on it klaff here and like then oh you they do didn't have like to report this part that you know whatever to the it federal is it becomes government to the the atf song not at to that your point state so i guess a plenum and lives those are for called me in the case keep of listening air fifteen's to iheartradio as a cold for more eighty fall percent out boy and all because your favorite air artists fifteen's are made out of a aluminum new year where we and are the nicer they come in to trump have it called must a obey lower me receiver nuts and an upper lurking receiver billionaire the upper receiver happy has new the year barrel the law on newsradio receiver 1410 as the trigger wdov group the guts o and v that is the dovers part that has news a serial traffic number and weather on it well the atf says that if you start with a block of aluminum that's eighty per se sant machined and you do the final twenty he's percent holding to make the line it for america the guts of an air buck fifteen sexton to make it is the low back receiver than you made that and that you don't have to tell the atf that you have it you don't have to tell the atf of that it has a serial number because it doesn't need a serial number you made it you made it on a machine or you used a drill press or whatever but he is you bought it from someone as a block of aluminum that was eighty percent two final completion you did the final twenty percent the federal government the obama atf the clinton atf they said yeah you know what that's a hunk of aluminum if you turn that.
"atf" Discussed on Monocle 24: The Globalist
"Consider the possibility which for the nra as a massive concession but now there seems to be kind of a a sense that well it was a month ago and we've moved on on the last mass shooting wasn't didn't involve bump stocks so let's wait for the atf to to actually go ahead and and you know make another decision which they've already made a ruling so i'm not sure that the the regulators were going to tremendous or the atf is and has the bureau of alcohol tobacco firearms and explosives it's the us regulatory agency and law enforcement agency in charge of so nero eh congress is waiting for the regulator to effectively make a ruling of these devices exactly it's it's a game of past the potato pasaportazo is that is that a a thing if i may dismay that oath as a week i think we call the kicking the countdown the raking the can on the road that's the other uh very goes let's move on and talk of asia another m full curious story of our time that of facebook and one of its founders turning on us effectively sean parker memorably played by justin timberlake in the social network has said that facebook exploits human weakness this is sort of his his his moment of coming out and saying that there needs to be a a a some soulsearching in the technology industry his point is that facebook and other similar social media companies have basically decided to go all in on the strategy of farming exploiting human weaknesses for the need for attention the need for validation the way the software designed to kind of delivers the maximum amount of attention to whatever content is on the platform without consideration for the consequences.
"atf" Discussed on WIBC 93.1FM
"That means he lied he lied and we all know that criminals don't lie nor do they break the law we don't know why they call them criminals so he was a pro hibbitt had possessor this means he wasn't able to legally purchased a firearm nor was he legally are able to his physically just like hold it nba around and run around with it that's how that works now how pray tell did he purchased this firearm that is a great question and i would love to hear that because see let me tell you something and i want you to listen to me very carefully we are told over and over again that the government is going to keep us safe from these monsters we are told we don't have to worry about carrying because law enforcement is just a phone call away and with an average response time of twenty minutes and were that we're told that the government look the government has checks and balances guys they have the knicks system they have you know the the atf they have all of this this dare to keep us safe worship we're supposed to be able to take some sort of solace in that comfort in that we're supposed to find security in that look guys it's a gunfree zone because we're getting book the government's gonna keep a say as background check systems it means that everything is great and and we don't have to worry well as i just illustrated with you not just with this case but in charleston were that murderous racist thug was able to legally purchased a firearm because the fbi james comey admitted that they screwed up because he was charged with intent to distribute drugs and in south carolina that is enough to forfeit your second amendment right until conviction or exoneration and they just didn't share.
"atf" Discussed on On Point with Tom Ashbrook | Podcasts
"In two thousand ten as a review here the atf authorized bump stocks saying that they did not violate federal law and then a thursday of course as we said the nra called on the atf to review that assessment couple of callers that want to get in here on this point kevin first from broken arrow oklahoma hi kevin you're on the air hi i'm part of the comment that was made the rural white america and that they dead guns our way of life it's matter of respect understanding how to use them and such an legislation cannot uh alone no matter how you try if we did it gun bivac something like australia we got a third of the guns back we still have two hundred fifty am weapons in america gun and it's not a gun to kill people the people who use them breakdown of the side additionally we're going to address it we need to address it on a date by date eighth because certain state certain areas much more densely populated and others for it in any given thank you thanks for that call in that perspective let me get another in here graeme in austin texas high graham you're on the air welcome yeah i shame but they're really focusing on the open daca issue because like you already nra arctic him out sure we'll get we'll get rid of those that i think there are behind doors wife democrats republicans are going to look at that they're going to ramp up stocks are they going to change anything at jumped the gun culture and the amount of you know back shooting in america you know such a minor issue going to let that they'll get up on their back in good but in reality they really did nothing graham thank you a lotta callers and listeners and are one from our website contributing here one thing that was typical after the shooting that we've seen before was the cry that quote this is not the time to discuss guncontrol is a country that averages one mass shooting a day when will it ever be time to discuss gun control well we shall see we will follow this um of course in the days and weeks to come let's move to puerto rico now puerto rico still recovering after hurricane maria nine percent of electricity has been restored to the island so far according to fema president trump headed there on tuesday.
"atf" Discussed on KKAT
"The slide fire yes envy uh equating the crank trigger thing and i believe i own a slight fire on one of my adrs fifteen and they actually include when you purchase it a letter it is a photocopy of a atf letter that was sent to the manufacturer of the of the of the stock take your back and look in the country shooting at near local cher here that lake was full auto and he comes by and you can take this letter out at a copy of it yet letter provided by the flight prior company and that would be a atf letter the atf the deciding at that point uh because they did at some point that it was legal is that the letter that you you're referring to yeah and then again showed at a local law coranked on if they if they want to check out hooker the crank one i believe is illegal because you critically bark squeezing the career with that device that that would be the the the basically the gatt uh the the the gatt triggered device yet to actually a little i'm not sure of the name of it but it's a it's a little actually it's a little crank right because what they call it the one you were show me early now if the gatt crank forget what is is yuccas the as what they call and also i i heard on up another natural clock showed is clinic care into what we're talking about right now uh the flatbuyers only made for two rifles irritate ak forty seven variance or your air fifteen variance heavily talk on a another talk show it prior to yours national talk show who sprint had got shot uh in vegas and they removed at twenty two caliber bullet from his shoulder which would indicate it could possibly have done it a twotothree according to news uh at the top the hour two hours ago they said the two is tilted rifles head these bumps stock metrics fight fires the only company that makes them right now but she released privately on the market so dakota hit rishon all right thanks turnoff we've richard a great day eight six six nine zero seven three three three nine eight six six ninety.
"atf" Discussed on WTMA
"So 45 minutes before the shots were fired this woman pushed away and told people to that they were going to die from what we're hearing there were several the the room that this guy was in the steven panic they said that there were several weapons in this room to off duty police officers were killed and one on duty officer is in critical condition and another one was wounded a bakersfield california police officer was shot and taken to the hospital with nonlife lifethreatening injuries the fbi of the atf are assisting local authorities in the investigation so again fifty people are dead now two hundred are injured in the shooting in las vegas so lloyd just a horrible situation there 556 twelve fifty is the number to be on the program this morning that five five six twelve fifty if you would like to join us once security guard described what happened we started here so that that we thought was a first fireworks once the call got we started noticing that it was actually gunshots and it was us multiple gunshot multiple gunshots uh people heading a floor were running all myself in a film other partners which on outdo keep low instead of oh standing up while the firing was going on and myself and a few all security guards somo civilians we all gave hands hope in our transport bodies was a lot of people were shot or force another do with i know full show trample a few others uh the one gentleman shot taffeta ahead another gentleness shot in the leg lady was shot has side um there was another edict another round to the side of a ahead the area that we had for medics that was set up for the event was completely flooded with people i myself carry with other people we carried at least four or five peopled city empties into the area it was it was it was ugly saying it was an ugly same and we'll give you more on this as details become more available this morning here your headlines in sixty seconds country music's biggest acts help hurricane victim steered stray read the mcintyre carry underwood part.
"atf" Discussed on KBNP AM 1410
"The house and grenades flatout grenades upset prices how far i uh it landed under and a baby bad an eleven month old baby at does a flashbang landed in the in the korea bear in the bed with the youngster ya um you just wonder say okay is there are no the way to do this in iraq and look like i tell people said if you tell a pilot you can taxi this playing very fast but you are not allowed to pull back and take off if your tax it back and forth fast eventually repport back on it because you've got all the stuff and that's what it's for the and when you got all the stuff and you train like crazy that's what it's four and you're going to use uh i get it in europe is hostage situation you've got to go into gotta pull people out that some one thing i'm with you on asset forefeiture that these go away that there should be no such thing as asset forefeiture the whole idea of we're going to is that guards here's the weird part sometimes they don't arrest the person in charge them the crime believe it or not is legal to arrest the property uh you can arrest the property without charging the person with a crime and you simply take it from them and then to get it back the owner must get a lawyer can must sue and go to court to get it back remember the lecturer an alert appreciate call sir on the lecturer uh we're gonna talk at uh for the atf one time and the handed out these custom monogrammed letterman tools in all on the low them in tools that said atf always think forfeiture and there's a mindset for you isn't it let's go take with they have and how you love this and in some jurisdictions you'll get the money the prosecutor the police in the judge the courts but the money identified the judge that is the court the prosecutor's office and the police split the money.