16 Burst results for "John Berlau"
The Doug Collins Podcast
"john berlau" Discussed on The Doug Collins Podcast
"Oh, exactly. And if it wasn't for Mulvaney, the other Trump appointees is sad when you have to put an appointee to basically go in and just stop doing anything and agency for an agency to quit, you know, harming the American people. And the Biden administration has shown no desire to not harm American people in this regard because they have this, again, it is they don't like private contracts. They don't lock the free market system and Elizabeth Warren and Bernie Sanders and many other going back to Dodd Frank and everything else has just been hammering away at that for a long time. So John, from a perspective going forward, people we can look at it possibly this year, but definitely next term. In the meantime, we'll hopefully see things like the student loan program, the shown to be unconstitutional as I believe it is. We saw this last year. I hope that Roberts doesn't try to continue to keep this core in what I call a band aid mode. We saw that you made a little reference to it a little bit earlier with that previous ruling. You know, the concern I have with Roberts is and he's a conservative jurist, I get it on most business up. But when it comes to the big questions, he seems to be more of a, let's see if we can make this bad meal a little bit better by adding a milkshake to it or something because, you know, suddenly just needs to be scrapped and he seems to be more of one to put a band aid on. He thinks he's concerned about the legitimacy of the court, but so he thinks incremental staffs don't, you know, don't overturn presidents all at one time, but when there's a bad president, you know, wrongly decided, out of sync with the constitution, it is legitimate for the court to overturn it. And it's not certainly not stopping the attacks in the court when they go when they go Robert's way that doesn't certainly not sagging that he left this attack. So I don't think sometimes sometimes you have to, you know, it's the best thing in the long run just to rip the band aid off. Here's another panda analogy. Oh yeah. I wish that Roberts would focus more on the law. What does the law say? What does Congress roll with? What are those kind of things? Then again, and again, I'm being a little critical this morning I get it, but I mean, Roberts would have never, I don't think would have ever set up a judicial review. I mean, there's just so you go back to this, you know, from these big picture perspectives on how this actually works, but John, we're going to keep up with this. Thanks for your inside. People need to be aware that this is the fact that their credit cards are home mortgages, a car loan, and when we got inflation like it is, we got a fed this raising rates. We got all kinds of things going on. These become more and more pocketbook issues for everybody in America. John, thanks for joining me today, okay? Thank you so much for having me, Doug. CEI dot org is our website. Now, go to and you can find out all kinds of information on CEI dot org. They got lots of stuff. Great place to learn. I go there a lot to see what is being written. John's one of their leaders, that's why he's on this podcast a lot. We appreciate him being a part. Go to there and find out, also go to the duck calls podcast dot com. You can leave me an email if you have any more questions that we maybe could bring up in future episodes..
The Doug Collins Podcast
John Berlau and Doug Discuss Chief Justice John Roberts
"The concern I have with Roberts is and he's a conservative jurist, I get it on most business up. But when it comes to the big questions, he seems to be more of a, let's see if we can make this bad meal a little bit better by adding a milkshake to it or something because, you know, suddenly just needs to be scrapped and he seems to be more of one to put a band aid on. He thinks he's concerned about the legitimacy of the court, but so he thinks incremental staffs don't, you know, don't overturn presidents all at one time, but when there's a bad president, you know, wrongly decided, out of sync with the constitution, it is legitimate for the court to overturn it. And it's not certainly not stopping the attacks in the court when they go when they go Robert's way that doesn't certainly not sagging that he left this attack. So I don't think sometimes sometimes you have to, you know, it's the best thing in the long run just to rip the band aid off. Here's another panda analogy. Oh yeah. I wish that Roberts would focus more on the law. What does the law say? What does Congress roll with? What are those kind of things? Then again, and again, I'm being a little critical this morning I get it, but I mean, Roberts would have never, I don't think would have ever set up a judicial review. I mean, there's just so you go back to this, you know, from these big picture perspectives on how this actually works, but
The Doug Collins Podcast
"john berlau" Discussed on The Doug Collins Podcast
"To. This is something that's been out there for a while, people is either fighting in the distance. It's been discussed by us in Washington for a long time. Go back for just a second if you would, give us sort of the foundations of what this is, what it may be intended to be, what it actually is, and how everybody listening to this podcast is affected by the CFPB. Okay. Well, everybody is affected. Everybody who basically gets out of mortgage, the lack of competition, we had actually one of our co plaintiffs in a lawsuit. People and people that we were representing in a lawsuit against the CFPB longtime back that raised some of the same grounds as the Supreme Court is now hearing the community bank, which had not had a default in decades because they knew everyone. It was the state national bank of big spring Texas said that they couldn't make mortgages because weight of the red tape. And this is basically Elizabeth Warren said that you basically should regulate loan products like coasters that the disclosure was not enough. You would need to give a loan has proved to be faulty. I mean, never mind how we've given the way people use it a type of loan. The government needed to ban it. And you needed the consumer financial protection bureau just like the consumer product safety commission. I think about her analogy, especially now that the Biden administration wants to ban gas stoves for their own good. So it's not really good to have the government interfering too much in the market for kitchen appliances or from mortgages, but also one of the things that Barney Frank Barney Frank and Chris Dodd when they were making Don Frank was they put in and unaccountable head of this agency that could not be removed by the president, except for malfeasance. So it was not an independent board like, say, the Securities and Exchange Commission, federal communications, board and where you had people of both parties. It was like a cabinet secretary, but it was one that served a fixed 6 year term that could potentially outlast the one of the presidential administration. And on top of that, it was not accountable to Congress either because it did not get its appropriations from Congress. It got its appropriations from the Federal Reserve, the money the Federal Reserve makes from selling from selling dollars. And this agency with no accountability would have just incredible reach not only of over consumers that get mortgages, but just for any small business that extends credit, including like, say, an orthodontist that spreads out payments because can't pay for their kids braces, all at once or a butcher who may, who made you that, you've got plans with buying out pay later, this CSV has jurisdiction over all of that and yet no accountability. Somewhat the accountability was fixed in a court case with when they ruled that the president does have removal power. And of course, Biden, even though he's now complaining about the CWB should be independent was fired as he had the right to do. President Trump's appointee on the first day on the first day in office and appointed an acting and then got confirmed Rohit Chopra, who's the head of it now. And that's something the next Republican administration is going to do, but as long as they don't, as they are shielded from congressional accountability, they lack with the appropriations they lack that pillar of accountability that so many other agencies have and the Congress can't use its power of the purse strings to exercise what and make them more in line with the voters wishes..
The Doug Collins Podcast
Have You Ever Heard of the CFPB? John Berlau Explains
"Go back for just a second if you would, give us sort of the foundations of what this is, what it may be intended to be, what it actually is, and how everybody listening to this podcast is affected by the CFPB. Okay. Well, everybody is affected. Everybody who basically gets out of mortgage, the lack of competition, we had actually one of our co plaintiffs in a lawsuit. People and people that we were representing in a lawsuit against the CFPB longtime back that raised some of the same grounds as the Supreme Court is now hearing the community bank, which had not had a default in decades because they knew everyone. It was the state national bank of big spring Texas said that they couldn't make mortgages because weight of the red tape. And this is basically Elizabeth Warren said that you basically should regulate loan products like coasters that the disclosure was not enough. You would need to give a loan has proved to be faulty. I mean, never mind how we've given the way people use it a type of loan. The government needed to ban it. And you needed the consumer financial protection bureau just like the consumer product safety commission. I think about her analogy, especially now that the Biden administration wants to ban gas stoves for their own good. So it's not really good to have the government interfering too much in the market for kitchen appliances or from mortgages, but also one of the things that Barney Frank Barney Frank and Chris Dodd when they were making Don Frank was they put in and unaccountable head of this agency that could not be removed by the president, except for malfeasance. So it was not an independent board like, say, the Securities and Exchange Commission, federal communications, board and where you had people of both parties. It was like a cabinet secretary, but it was one that served a fixed 6 year term that could potentially outlast the one of the presidential administration. And on top of that, it was not accountable to Congress either because it did not get its appropriations from Congress. It got its appropriations from the Federal Reserve, the money the Federal Reserve makes from selling from selling dollars.
The Doug Collins Podcast
"john berlau" Discussed on The Doug Collins Podcast
"This will be John. We'll talk more about the CFPB. Hey everybody, my pillow, I just wanted to let you know my pill is having the biggest sheet sale of the year. You have all have helped build my pillow into an amazing company that is today. And now Mike lindell, the inventor and CEO, wants to give back exclusively to his listeners. The perk out bed sheet is set is available in a variety of colors and sizes and they're all on sale. For example, the queen size is regular prostate 89 98, but it is now only 39 98 with our listener promo code. Order now because when they're gone, they're gone. You're not going to be able to get it. These fertile sheets are breathable, they have cool crisp feel, they come with a ten year warning 60 day money back guarantee. Don't miss out on this incredible offer. There's a limited supply. So be sure to order now. Call one 800, 9 8 6 three 9 9 four, use the promo code Colin, COL INS, or you can go to my pillow dot com, click on the radio listener square and use the promo code Collins. Lisa and I sleep on these sheets every night, you will want to have them as well. They're a wonderful product. Go right now, either 800, 96, three, 9, 9, four, code word Collins, or go to my pillow dot com. Also use the code word Collins to get this discount. You will not regret it. John, good to have you back on the show. I mean, lots going on. We're going to get to the CFPB stuff here in just a minute. But give me just sort of an impression. I mean, we've been talking about markets. We've been talking about, you know, over time when you've been with us before, that business issues and things going on in our financials. Where do you see us right now, John? There's a lot of folks out there that are still, you know, looking at the fan, they're looking at the now unfortunately unfortunately, having to look at it and getting into a political season, where are you looking at it right now? I look at the market, I never underestimate the initiative and entrepreneurship and innovation of the American people. No matter what politicians do to them, as my colleague Wayne Cruz says at CEI, we don't all politicians. You don't need a stimulus. All you need is just to remove the rocks on the that are keeping the garden from growing. And there are a lot of rocks, but people are find ways to get around them. And now with divided government with the Republican House, you have at least somewhat of a break and hopefully the courts that Trump appointed judges and maybe others who will see the who will take seriously the constitution will also give American entrepreneurs a break. Like in this case where they hopefully will place the consumer financial protection bureau some monstrosity created by Dodd Frank to be escaped the accountability of both the president and Congress under some constitutional constraints. Yeah, John, and I think let's do something and I thought about this as you were talking there because it's been around for a while now. People, you know, and it was, you know, Elizabeth Warren's baby. You know, brought up under Obama by the first time. Completely, I mean, we can get into a lot of good, but I want people to understand that this is more than just a court case. I mean, frankly, we have the attention span many times, you know, of folks that we will pay attention to what we need to pay attention.
The Doug Collins Podcast
John Berlau From CEI Talks About the Economic Landscape
"To have you back on the show. I mean, lots going on. We're going to get to the CFPB stuff here in just a minute. But give me just sort of an impression. I mean, we've been talking about markets. We've been talking about, you know, over time when you've been with us before, that business issues and things going on in our financials. Where do you see us right now, John? There's a lot of folks out there that are still, you know, looking at the fan, they're looking at the now unfortunately unfortunately, having to look at it and getting into a political season, where are you looking at it right now? I look at the market, I never underestimate the initiative and entrepreneurship and innovation of the American people. No matter what politicians do to them, as my colleague Wayne Cruz says at CEI, we don't all politicians. You don't need a stimulus. All you need is just to remove the rocks on the that are keeping the garden from growing. And there are a lot of rocks, but people are find ways to get around them. And now with divided government with the Republican House, you have at least somewhat of a break and hopefully the courts that Trump appointed judges and maybe others who will see the who will take seriously the constitution will also give American entrepreneurs a break. Like in this case where they hopefully will place the consumer financial protection bureau some monstrosity created by Dodd Frank to be escaped the accountability of both the president and Congress under some constitutional constraints.
The Doug Collins Podcast
"john berlau" Discussed on The Doug Collins Podcast
"Market. Of course, I'm not offering financial advice here. Well, exactly. And neither one, we're just saying, here's a few interesting question, okay? Because a year ago, if you just look back on the year to date charts and whether you're just a simple investor on TD ameritrade or anywhere else, you look at the crypto charts, and you can say that last year at this time, Bitcoin itself was 60,000. It's now 16,000. And last year in this time, 300 of Facebook was 350. And now it's trading about a $100. So both stocks and cryptocurrencies have had a steep decline. Well, and I think that you might have a great point. They're just because of the results of one doesn't carry the results of all. But the curious question here, though, is opposed to say a Facebook stock, which has thousands of other stocks out there, you know, a similar liking kind, if you would. Crypto is still considered neat. Crypto is still considered, I mean, if you ask a man on the street, ten people, I would be amazed if you got four people that actually understood crypto in Bitcoin and others and the markets how it works to start with possibly less than that. I understand what you're saying about it not affecting others. But the reality is, I think for newer investors, for those who are looking at, don't you think this could actually affect and if not, have we settled a little bit? I mean, maybe Facebook will shouldn't be at 300. It should be at a hundred. Maybe Bitcoin shouldn't have been at 60, it should have been at 16. Where do you see that? I think the big issues. I mean, going up and down generally stocks and cryptos going will go up and down. And that really isn't an issue for it's an issue for the maybe an issue for the individual investor. That's why it's important to diversify, but it's not an issue for public policy. One of the issues with cryptocurrency is that with exchanges you just because of the way the law actually you don't have the same rights as far as being able to access the crypto at whatever value it is. I mean, some exchanges are now doing things like proof of reserves, but generally if they go bankrupt your like an unsecured unsecured credit or rather than having access to that. And there are things that can be done like allowing banks and trust companies to offer trust accounts where there is what's called segregation of assets, but generally now the choice is either either doing that on an exchange where there are less controls about what they do with customer assets. And as far as in as far as legal rights and there are holding it in a wallet of what's called a cold wallet, digital wallet, where, you know, you don't have the risk of the exchange losing it or going by. But then you have other risks like remembering your password, a very long password. So if there was something and in a way, I mean, the part of that is the SEC's and other regulatory agencies fall for not approving things like trust accounts like exchange traded fund that could give people a less risky exposure to the sector and they have in other countries like Canada. All right, well, that brings us to this segment. We've gotten here, I think you're going to see more and more as the bankruptcy now head of the company basically saying that he's never seen anything this bad..
The Doug Collins Podcast
John Berlau: 'Stocks and Cryptos Will Go Up and Down'
"Opposed to say a Facebook stock, which has thousands of other stocks out there, you know, a similar liking kind, if you would. Crypto is still considered neat. Crypto is still considered, I mean, if you ask a man on the street, ten people, I would be amazed if you got four people that actually understood crypto in Bitcoin and others and the markets how it works to start with possibly less than that. I understand what you're saying about it not affecting others. But the reality is, I think for newer investors, for those who are looking at, don't you think this could actually affect and if not, have we settled a little bit? I mean, maybe Facebook will shouldn't be at 300. It should be at a hundred. Maybe Bitcoin shouldn't have been at 60, it should have been at 16. Where do you see that? I think the big issues. I mean, going up and down generally stocks and cryptos going will go up and down. And that really isn't an issue for it's an issue for the maybe an issue for the individual investor. That's why it's important to diversify, but it's not an issue for public policy. One of the issues with cryptocurrency is that with exchanges you just because of the way the law actually you don't have the same rights as far as being able to access the crypto at whatever value it is. I mean, some exchanges are now doing things like proof of reserves, but generally if they go bankrupt your like an unsecured unsecured credit or rather than having access to that. And there are things that can be done like allowing banks and trust companies to offer trust accounts where there is what's called segregation of assets, but generally now the choice is either either doing that on an exchange where there are less controls about what they do with customer assets. And as far as in as far as legal rights and there are holding it in a wallet of what's called a cold wallet, digital wallet, where, you know, you don't have the risk of the exchange losing it or going by. But then you have other risks like remembering your password,
The Doug Collins Podcast
"john berlau" Discussed on The Doug Collins Podcast
"On a quick detour here because you brought this up and I was just reading this this morning. This environmental government issue that we're talking about ASC stuff is there's a lot of concern among Wall Street right now, especially going into directors meetings and elections or directors and some of the rulings that they can't block the groupings of here's the directors that the company is pushing here, the ones that the activist, if you would push, is this something that, again, any sort of branches all from what semi free was doing, is this a concern on or is it just mainly just fear of companies, but is there a real concern that activists and others who are pushing these agendas could get footholds on some of these large boards buying more than others? There is a real concern and it's going to be on top of sarbanes oxley and you know which the rush through after enron, which I've written about and affected earlier and died Frank, it's going to mean less companies go public in the first place or only go public when they're very big and who loses out from that. You know, mom and pop investor. And again, these agendas are going to be at the expense of the financial well-being of Joe and Jane for four-o-one-ks. It was kind of two sides at the same time. They allowed the SEC allowed fraud and an ESG firm to apparent fraud in ESG firm like FTX to faster and they're having their encouraging all these agendas that harm investor return. Well, you know, I think this brings a sort of to this concern. Let's just say before we get into where it's headed, what if you were using the FDX or you were invested in FDX or are there things? Basically, are you just out now? I mean, because this was, I mean, crypto is fairly new. Blockchain, all these others. They're good things about what's going on there. But then there's also the concern of what is backed by what it's not backed by. You know, where are you at if you were part of this? You just bought into the hype, so to speak. That's a very good point. And it's interesting. We talked about Elizabeth Holmes and theranos. Not every fraud causes contagion to the rest of the economy. I mean, Elizabeth Holmes, you know, her investors who were well to do anyway since it was a private, a private company, although there may have been some pensions invested in it, you know, lost, but it really didn't cause harm to the larger to the larger economy. What really tends to do that, ironically, is, you know, sort of the rush to either bail out or regulate when you have that in the financial crisis when bear Stearns got a bailout, everybody expected a bailout and then dad Frank with rushed roots or sarbanes actually after enron. So from what I've been told or what I've read FTX, there was a pause of withdraws, but now that is resumed even in even in bankruptcy, although there are different reports of that's what's going on, some other website with either with exposure because of panic have temporarily paused withdrawals, but generally the crypto market itself has stabilized, it fell about 20%. Bitcoin was creating a 20, went to 16,000. It seems to have stayed there. There have even been a couple of cryptocurrencies that have risen like the spin off of Bitcoin called Bitcoin cash. It's actually gone up slightly in price because of positive developments there since the FTX bankruptcy. So just like Madoff didn't mean, you should sell every stock because the stock market was narrowly corrupt. I think cryptocurrencies have been around for 15 years. And you know, you can't predict just like you couldn't predict with the Internet companies, which one would succeed, but they're going they're going to be around. Somewhat. So it hasn't, I don't think it's unless regulators make a misguided attempt and legislators make a misguided attempt to do something. I don't think it's going to really tank the whole crypto.
The Doug Collins Podcast
FTX: Beyond the Headlines With John Berlau
"Quick detour here because you brought this up and I was just reading this this morning. This environmental government issue that we're talking about ASC stuff is there's a lot of concern among Wall Street right now, especially going into directors meetings and elections or directors and some of the rulings that they can't block the groupings of here's the directors that the company is pushing here, the ones that the activist, if you would push, is this something that, again, any sort of branches all from what semi free was doing, is this a concern on or is it just mainly just fear of companies, but is there a real concern that activists and others who are pushing these agendas could get footholds on some of these large boards buying more than others? There is a real concern and it's going to be on top of sarbanes oxley and you know which the rush through after enron, which I've written about and affected earlier and died Frank, it's going to mean less companies go public in the first place or only go public when they're very big and who loses out from that. You know, mom and pop investor. And again, these agendas are going to be at the expense of the financial well-being of Joe and Jane for four-o-one-ks. It was kind of two sides at the same time. They allowed the SEC allowed fraud and an ESG firm to apparent fraud in ESG firm like FTX to faster and they're having their encouraging all these agendas that harm investor return.
The Doug Collins Podcast
"john berlau" Discussed on The Doug Collins Podcast
"And he was involved with enron. Right. Well, let's break out what you just said. Let's just break down into parts and then let's get back to the whole. Sam bikeman free. I mean, this is, let's start with him. And I love your analysis there with a theranos issue which, by the way, I think is we are taping this is getting has been sentenced to prison time and all for what was going on with that. But I think it's an interesting analogy. How did someone of his age and I'm not taking back from age? I got no problem with somebody with great ideas. I don't care what your age is making a lot of money and but how did it go in a special industry such as this? Besides the democratic donor base besides some of the other stuff that they were throwing out a lot of money it places. One, how did he gain the money? I guess the thought that many people have. And then how did it become so quickly marketable in the political world? And then because there's reports that, you know, this issue has, you know, Ukrainian legs back to democratic donors. I mean, there's just all kinds of things going on here. Give us a little in front about him if you can. Right. Well, he is a pretty book smart guy and also smart at making social connections, but there's a saying knowledge doesn't even equal wisdom. But it also certainly helped the fact that he had prominent parents that his name is Sam bankman fried Barbara fried, headed to Silicon Valley pack that gave to democratic donors. And. Also his father, Joseph bankman, helped, according to fortune, draft tax legislation for senator Elizabeth Warren. So, I mean, basically Kevin O'Leary, mister wonderful on Shark Tank said, well, of course I trust him because his parents are compliance attorneys, but something to the effect. I'm paraphrasing what could go wrong. That's like trusting the biker with all the ingredients and never watching because nobody ever would think the biker would put something in there, you know? Exactly. Trust but verify as Ronald Reagan said in everything in politics and in business. Well, I mean, he gained this and then we bring in to account this Alameda group as well that in which they were he was funneling off money, however you want to put this into the, but this also lands itself to a really different part of this because the Alameda group was headed by a young lady who had a relationship with him, I mean, this can't get any more confusing, especially when you get into this quote polymorphic couples. I mean, did anybody just see this? Or did all this just come to light reason? Well, people did see it. This is the thing. The FDIC federal deposit insurance corporation warned them in August, but this is a bank regulator asthma with the bios insurance that they were deceptively advertising that their accounts had deposited insurance. That should have been a warning. Also short seller Mark hodes was saying, you know, things like in August that nothing fits here, here are ten guys in the commune in The Bahamas, running a multi-billion dollar financial exchange. So yes, there were a lot of things there, but I mean, one of the other things we did is he wrapped the FTX environmental and social governance mantra where they were saying they were talking about being carbon neutral and favoring coins that like with what's going proof of stake supposedly wasn't harmful to the environment. So he wrapped himself in there. So it's clear. I mean, I've written about other ESG firms that are being there being shorter, that ESG can be a mantra for, you know, environmental and social governments can be poor poor financial financial governance, but the S and the SEC at the same time when they had warnings about this were instead trying to make companies disclose how they were how ESG or woke they were in pushing things that had nothing to do with fraud at the same time this fraud that he apparently was raging at FTX..
The Doug Collins Podcast
John Berlau Describes Sam Bankman-Fried's Well-Connected Family
"Bikeman free. I mean, this is, let's start with him. And I love your analysis there with a theranos issue which, by the way, I think is we are taping this is getting has been sentenced to prison time and all for what was going on with that. But I think it's an interesting analogy. How did someone of his age and I'm not taking back from age? I got no problem with somebody with great ideas. I don't care what your age is making a lot of money and but how did it go in a special industry such as this? Besides the democratic donor base besides some of the other stuff that they were throwing out a lot of money it places. One, how did he gain the money? I guess the thought that many people have. And then how did it become so quickly marketable in the political world? And then because there's reports that, you know, this issue has, you know, Ukrainian legs back to democratic donors. I mean, there's just all kinds of things going on here. Give us a little in front about him if you can. Right. Well, he is a pretty book smart guy and also smart at making social connections, but there's a saying knowledge doesn't even equal wisdom. But it also certainly helped the fact that he had prominent parents that his name is Sam bankman fried Barbara fried, headed to Silicon Valley pack that gave to democratic donors. And. Also his father, Joseph bankman, helped, according to fortune, draft tax legislation for senator Elizabeth Warren. So, I mean, basically Kevin O'Leary, mister wonderful on Shark Tank said, well, of course I trust him because his parents are compliance attorneys, but something to the effect. I'm paraphrasing what could go wrong. That's like trusting the biker with all the ingredients and never watching because nobody ever would think the biker would put something in there, you know? Exactly. Trust but verify as Ronald Reagan said in everything in politics and in business.
The Doug Collins Podcast
"john berlau" Discussed on The Doug Collins Podcast
"Hey everybody, I don't know about you, but as you've watched out over the world, the war in Russia and Ukraine is not just isolated to Eastern Europe to spread all over the world and you can see it in market instability. You can see it here. People who do not think that that war is affecting you all you got to do is look at gas process. You look at your food process. You see the global change that has happened. But you know something is also affected investments as well. And I've said all along legacy precious metals is your navigator. They're the ones that see you through to get to the next level. The good news about this is, even with market volatility marketing instability, you've got options. And goal process are rising as investors turn to go and go presents a hedge against this inflation and the protects you against the weakening dollar, which we are seeing. Legacy precious metals is the only company I trust to deal with gold and silver and the other precious metals. You need this investment. You need this as part of your portfolio to keep you buffered from what we're seeing in the world. War and volatility in the market. This is where you need a baby. Call legacy precious metals today. Be proactive about this. Get on board with it. Call them at 8 6 6 5 two 8 19 zero three 8 6 6 5 two 8 1903 or you can download their free investors got it. Legacy p.m. investments dot com. Legacy p.m. investments dot com. You're navigator in a volatile world of investments. Hey everybody, it's Doug. Welcome back to the podcast glad to have you here riding along on the day after Thanksgiving, Black Friday for the days. So many of you are looking for deals and shopping and you've been going at it and frankly the extended now over to the past month that I have. So I mean, it doesn't have the special Zine that it once had. But it is the day after Thanksgiving. It is the day after going and hopefully being with family, being with good friends, eating probably more than you should. You know, deciding today that it's not the day to restart a workout program because you really having trouble probably rolling over in bed. Well, today, I just had that thought that you know leftovers are great things. Leftovers are things that you get out of the refrigerator, you take them out, you eat them, and frankly, for me, turkey sandwiches are much better the day after the day or even the day of. So today what I thought we'd do is on the podcast is we've been talking a lot about elections lately we've been talking about a lot of other, you know, just issues that have been going on. And you got one coming up in front we'll just preview it now coming up on Monday. You don't want to miss. We're going to have John berlau is going to be with us talking to FTX scandal. You want to be a part of our Monday podcast as well. But today, I wanted to do what we'll call this the leftover categories. Things that we've just not had a chance to pick up, things we've not had a chance to, you know, to really dive into. So I just want to spend a little bit of time while you're out shopping, you're listening, you riding around, maybe even some of you are getting up and doing expectations. Let's talk about this. First thing up, last year, we and we've talked about this on the podcast before that the Democrats obsession with doing whatever they wanted to do and sort of be damned with the rules, everything else just doing it because they can do it. At the time, a lot of us said this is going to come back to bite them. This is going to come back and be a problem in the future. What they get done now will come back to be a problem later. The thing that you have to realize in Congress is as much as you might think otherwise, Congress is really a body that operates over very set schedule, all fours are very set rule package. It offers a very set quorums and decorum and how it goes about its business. And over my biggest gripe with the Nancy Pelosi, speakership over the last four years, and especially the last two that I was there, and I wrote in my book, the clock and the counter. I wrote about this was the Democrats would be willing to end result do anything they had to do, whether it was taking the rules of practice of the house and throwing them out, whether it was breaking the rules and prices of the house, throwing them out. They didn't care because at the end of the day, they wanted to get an end result. It was either get it Donald Trump or was either to get legislation passed, whatever it was, they were going to do it because they simply had the votes to do it. Simply having the most to do something is not the best way to do this. I'll use an example that I've used before. Nancy Pelosi and I clashed many times on the floor. One of those times that we classed on the floor was at a time in which she was giving a speech during impeachment. She accused the president, Trump at the time of a crime and Colin McRae, which you can not do. I know rules of the House and language are very different than they're there for a reason, but she said that she, you know, she made the claim. I was handling the bill for the Republicans. I stood up and I said, I'm going to give you a chance to correct your language. She said, nope, I've already approved this. She threw her papers at the well and left. So I had her words taken now, which means that she couldn't speak the rest of the day. It's a parliamentary punishment for doing something out of the rules. She forced then after having several speakers or accused themselves on a chair, finally standing warrior said, yep, you did break the rules. She forced the Democrats to come back down and basically suspend it overrule the chair and say that what she did was fine and that she could basically overdo any punishment, follow that. Why not say that story? I tell you that story just simply to show you mindset. All that would have happened to Nancy Pelosi. Was that she couldn't have spoke the rest of the day. We were already late in the afternoon anyway. She wasn't going to speak anymore on the floor. Is it matters, but it was the principal and the purpose for her to not be called wrong on doing something wrong on the floor of the House, although she was a speaker and should have been held to a higher standard. She forced her entire party to come back now and to overrule her punishment. Now this took about an hour and a half, two hours to do, but for her undoubtedly it was worth it. Even though it meant taking 200 plus years of tradition, 200 years as oppressed and everything in overturning it. I say this to simply say, this is what the Democrats wanted to do for the minute they took back power in 2019 and then began into the next Congress as Congress is just closing up. In this last Congress, they came in and they began to take members off of committees right after the Congress was formed last year in January 2021. They began to take Marjorie Taylor Greene and others and were stripped them from their committees and in green's case actually for things that she did before she was even a member of Congress. A lot of Republicans and Democrats on both sides says, look, we don't need to do this. Whatever you feel about whatever happened before, she was a member or some of these other members while they were here is one thing, but taking them off of committees, you go down this path, it's going to be a, it's going to be consequences in the future. Well, part of that consequence in the future has now come home to roost. And that is, Kevin McCarthy, who has gotten the votes to be the speaker nominee for the Republicans. Right now is he is getting it. He made a promise to a TV on Phoebe the day that Adam Schiff, Eric swalwell, and Omar, Ilhan Omar would be stripped of their committees. Now, personally, I don't think they should have been on these committees to start with. And especially swalwell, who had the issue with his dating a Chinese spy, Schiff, who's had trouble with the truth or many occasions in Omar sitting on foreign affairs and having anti semitic comments, all of this while they were members of the body. Now, McCarthy has said they're not going to be able to start. This was coming. It was known. You could see this coming a mile away. And it's a continuation of really the chipping away of what we have seen. It started really by the Democrats in this idea that we can get what we want in the rules, be damned. We saw this in the January 6th committee, no matter what is being said or been said about January 6th committee, the way it was put together and Nancy Pelosi not allowing the Republicans to have who they wanted all the leader wanting on that committee. Was wrong. Plain and simple. And now it is politicized the entire committee and no matter what good they thought they were going to get from it, has been blown because it's been politicized and those on the right and those on the left have two different opinions..
The Doug Collins Podcast
John Berlau: George Washington Made an Art of Reading and Questioning
"You know, industry John, I want to talk about it because you're very well schooled as well. I mean, I've been to, you know, as my dad was said, I had more degrees than I probably understood. And I get that, but you know, the one thing though, that I think is missing, and if you don't mind jumping in here, because you said it, he learned by reading and asking questions. Is that a lost art in our and I'm going to jump to today's one? Is that a lost art in our world today? There are a lot of people who still read and ask questions, but as I say in my book, George Washington entrepreneur. Available for sale at Amazon and whenever wherever books are sold, I'm talking about to talk about books. This is he made an art of it. I go into one of the examples in my book about how he wanted to build a greenhouse that they had greenhouses back then, even with the lack of electricity, building material, but it was some greenhouses in Europe and a few around America, but it was very rare, so he would ask everyone he knew and Virginia and they mentioned some people, Catholic family, the carols and Maryland, so he wrote to them. He wrote to the widow of a farmer who had built a greenhouse and she knew a lot of herself and she corresponded with him, Margaret Carroll, so that's the thing. He would just, he would just write and ask questions, almost doing like an interview, whether it's to build in something in business or on the military or a greenhouse at Mount Vernon. And would also read a great deal about, you know, he was a great horseman. Thomas Jefferson said he was one of the best horsemen. He was the best horseman he had ever seen. I mean, there's famous he's famous for riding into battle, but he actually read books is invoices show of the book the order from everything from how to care for sick horses to actually make jumps.
The Doug Collins Podcast
"john berlau" Discussed on The Doug Collins Podcast
"And we're excited today to have John burlock here with competitive enterprise institute to talk about our first president. George Washington. But we're going to do it from a little bit different perspective today. John has a great perspective on this. He's wrote a book called George Washington entrepreneur how our founding fathers, private business pursuits changed America and the world. John, welcome to the Doug Collins podcast. Thanks, dad. Congressman Collins, so good to have so good to be on. Let's go be fun. You know, look, someone's just talked about our founding fathers today. It's amazing to me how people, you know, no matter what their educational background, you know, their throw up the founding fathers is the founding fathers were this, and I believe the founding fathers were that. There's so much mistake and everything about it. I mean, I have a pastoral background. I have a religious degree. I also have a law degree. You know, it's amazing to me how sometimes today we talk about the founding fathers as if they were all pastors. Well, they were not all pastors. You know, they were, you know, they were not all lawyers. They were just a lot of common people. But George Washington, being our first president, being the leader, a lot of myths, a lot of things growing up, a lot of truisms, but also one of the things that I think your book addresses that I want to talk about with you today is he was actually a very bright guy with me. He really was. He wasn't formally educated past the age of 13, but he, because his father died when he was 11, and he was family couldn't afford to send him to college, plus he had to take care of the family. Take care of the farm, but he both learned from people. We always ask questions and he read quite a bit. He read everything from books on agriculture from Great Britain to Adam Smith's wealth of nations, which was the first book to lay out the theories of capitalism as opposed to the mercantilism that were practicing in Great Britain. So he was a very educated, well read guy, despite the lack of formal schooling.
The Doug Collins Podcast
Competitive Enterprise Institute's John Berlau on George Washington
"And we're excited today to have John burlock here with competitive enterprise institute to talk about our first president. George Washington. But we're going to do it from a little bit different perspective today. John has a great perspective on this. He's wrote a book called George Washington entrepreneur how our founding fathers, private business pursuits changed America and the world. John, welcome to the Doug Collins podcast. Thanks, dad. Congressman Collins, so good to have so good to be on. Let's go be fun. You know, look, someone's just talked about our founding fathers today. It's amazing to me how people, you know, no matter what their educational background, you know, their throw up the founding fathers is the founding fathers were this, and I believe the founding fathers were that. There's so much mistake and everything about it. I mean, I have a pastoral background. I have a religious degree. I also have a law degree. You know, it's amazing to me how sometimes today we talk about the founding fathers as if they were all pastors. Well, they were not all pastors. You know, they were, you know, they were not all lawyers. They were just a lot of common people. But George Washington, being our first president, being the leader, a lot of myths, a lot of things growing up, a lot of truisms, but also one of the things that I think your book addresses that I want to talk about with you today is he was actually a very bright guy with me. He really was. He wasn't formally educated past the age of 13, but he, because his father died when he was 11, and he was family couldn't afford to send him to college, plus he had to take care of the family. Take care of the farm, but he both learned from people. We always ask questions and he read quite a bit. He read everything from books on agriculture from Great Britain to Adam Smith's wealth of nations, which was the first book to lay out the theories of capitalism as opposed to the mercantilism that were practicing in Great Britain. So he was a very educated, well read guy, despite the lack of formal schooling.