39 Burst results for "Ralph"
The Breakdown
A highlight from Could Oil and a Gov't Shutdown Screw Up Powell's Plans?
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Friday, September 22nd, and today we are talking oil, macro, everything that could throw the economy off. But before we get to that, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link at the show notes or go to bit .ly slash breakdown pod. All right, friends, well, we are sort of continuing the macro story today that we picked up around Powell and the FOMC this week. And one of the questions that Powell was asked was about risks that threatened to knock the economy off course. Two that he mentioned that we're going to spend a little time on today include oil prices and a potential government shutdown. Let's start with oil first. The price of crude oil has steadily increased over the past four months. From a low of around $70 in June, oil reached almost $90 a barrel for the US -based WTI benchmark contract and $95 per barrel and $95 per barrel for international Brent crude earlier this week. The price increase for crude has driven US gas prices back above $3 .80 per gallon, the highest level since last October. Overall, gas prices have ramped up by 20 % since the beginning of the year, according to AAA. Now, there are a number of factors all contributing to steadily increasing oil prices since the June lows. The first is OPEC+. The economic group of oil producing nations led by Saudi Arabia and Russia have recently curbed output. Production cuts, which were agreed to late last year, have been gradually implemented over the past six months. In July, Saudi Arabia voluntarily cut an additional 1 million barrels per day from its production quota, about 10 % of its previous output. Existing production cuts across OPEC have already been extended into next year and analysts expect Saudi Arabia to extend their voluntary cuts until March. On Thursday, Russia further constrained supply by banning the export of diesel and petrol. Russia is one of the world's largest suppliers of diesel alongside their status as producing around 12 % of the global supply of crude oil. The International Energy Agency said last year that Russian refineries produce, quote, roughly double the diesel needed to satisfy domestic demand and typically export half their annual production. Analyst opinions focused on the simplest explanation for the ban, retaliation for sanctions. Henning Gloestien of the Eurasia Group said, Russia wants to inflict pain on Europe and the U .S. and it looks like they're now repeating the playbook from gas and the oil market ahead of the winter months. They're showing that they're not finished using their power over energy markets. The Kremlin said the ban was temporary and aimed at addressing rising energy prices in domestic markets. However, they gave no timeline on when the ban might be lifted. U .S. and European policymakers have largely banned the importation of Russian refined fuel since February, which has required Russian supply to be routed through third party regions including Turkey, North Africa and Latin America. Now, OPEC cuts over the past year were predicated on a weakening demand profile heading into this year. At the time they were announced, recessions were expected across Europe and the U .S. China was an open question with the potential of reopening pushed back in the midst of additional pandemic waves. But since then, the European economy is sputtering along, albeit with dismal manufacturing data out of Germany. The sanctioning of Russian supply has caused European demand to be displaced to other regions with refining capacity, largely India and the Middle East. In the U .S., recession has been continuously pushed off into the future and oil demand is now back at all time highs with no signs of slowing. Although the Chinese economy has hit some turbulence recently, oil demand remains robust. Analysts expect China's oil demand to remain high as Beijing secures strategically important resources. What's more, analysts expect China's oil demand to remain high as Beijing secures strategically important resources in part to mitigate geopolitical risks as well as to shore up its manufacturing and transportation industries. So with oil prices spiking, many are wondering whether the White House will once again intervene in markets using the Strategic Petroleum Reserve. Between November 2021 and September of last year, the White House authorized a number of SPR releases. The final policy saw one million barrels per day provided into the market over six months. A small amount of oil was restocked earlier this year, but the SPR still sits at a little over half its pre -pandemic level. Earlier this week, a headline circulated proclaiming that quote, Biden says depleting SPR is on the table. This was later found to be a hoax with no legitimate source, but it demonstrates how difficult high oil prices could be for the U .S. economy heading into election season. To wit, many saw the SPR release as a political decision rather than an economic decision heading into the 2022 midterms. In the private sector, U .S. oil inventories have recently hit 40 -year lows of 46 -day supply, well below the longer -term average of 65 days. And while August's inflation reports already showed a small uptick due to oil -related prices, the effect is expected to be more profound across this month. Dario Perkins, an economist at T .S. Lombard said, That said, it is important to keep these recent inflationary developments in context. We are not yet in danger of undoing 12 months of solid disinflationary progress, not even close. Others suggested that high oil prices would have a greater impact on growth rather than inflation. Maya Bhandari, head of multi -asset at BNP Paribas Asset Management said, It really impacts the growth side of the Goldilocks equation rather than the inflation side of things over the long term. Theory is that sustained high oil prices begin to eat into disposable income for households alongside higher costs of production for manufacturing and logistics. These combine to reduce growth and potentially tip the economy into recession. Overall, this situation in the oil markets has, to some, many parallels to the liquid natural gas spike in the winter of 2022. Prices in some markets rose more than tenfold, European energy companies scrambled to secure supply at any cost, and multiple firms went bankrupt due to the volatility in markets. This week, Bloomberg reported that the trading arm of French supplier Total Energies has played a major role in bidding up the price of U .S.-based oil. Their source claimed that the firm is paying a premium for physical U .S. barrels, pushing the spread against futures to levels not seen since last November. With all of that said, there are some signs that the oil market is beginning to cool off. On Thursday, Brent crude futures fell to $92 per barrel, which represented the third straight day of price declines, which is the longest streak in almost a month. Warren Patterson, head of Commodity Strategy at ING, said the Fed's hawkish messaging has quote, put some pressure on risk assets, including oil. The dollar index has risen by 0 .8 % since Chair Powell left the podium, a large enough move to weigh on asset markets. Patterson said he still expects Brent crude to move above the $100 mark in the near term, but that he doesn't anticipate the move will be sustainable. So that is the view on oil overall. The thing that I am definitely going to be watching more than anything else is the political dimension of this. We are now entering the period where everything, even more than usual, is going to be completely wrapped up in what it means for the election season. If prices at the pump keep trending up, it seems very likely that the Biden administration will be willing to do what it takes, including SPR releases, to get those prices down. But that's just something we're going to have to keep an eye on. Now what about that other factor that Powell mentioned? Well yes, indeed, my friends, the US government is once again hurtling towards a shutdown after efforts to pass a short term spending bill were scuttled on the House floor on Thursday. House Speaker Kevin McCarthy attempted to marshal Republicans to vote through a package to keep the government funded past the end of September. Closed door negotiations continued late into Wednesday night, but were apparently unconvincing. The bill currently being considered is the $886 billion Defense Appropriations Act. The bill was stifled in the House after five GOP representatives refused to allow debate to begin by voting against a preliminary procedural rule. Democrats also voted against the measure and appeared to taunt Republicans apparently reveling in seeing the GOP's slim majority descend into chaos. Among the Republican dissenters was Marjorie Taylor Greene, who opposed the inclusion of $300 million in funding to the Ukrainian war effort. On Thursday, Politico reported that Pentagon sources have said Ukrainian operations have been exempted from any shutdown, making that part of the dispute rather moot. McCarthy sent House members home on Thursday night to return to Washington on Tuesday. He told reporters after the failed vote, quote, two people flipped, so I got to figure out how to fix that. That wasn't the impression they had given us. Now, this was McCarthy's third attempt at bringing the bill to the House floor. The current proposal on the table is a 31 -day stopgap funding mechanism to forestall a shutdown to begin next weekend. McCarthy remarked on the change in tone in Congress among that extreme element of the Republican Party, stating that, quote, this is a whole new concept of individuals that just want to burn the whole place down. Now, even if a 31 -day stopgap is passed in the House, it seems unlikely to make its way through the Democrat -controlled Senate. The bill includes a 30 percent temporary cut to domestic agencies and immigration law changes, neither of which are likely to get the seal of approval from Dems. Senate Majority Leader Chuck Schumer said instead of decreasing the chance of a shutdown, Speaker McCarthy is actually increasing it by wasting time on extremist proposals that cannot become law in the Senate. House Democrat leader Hakeem Jeffries remarked that the situation was playing out as a, quote, Republican civil war. Now, if it comes to pass, this would be the 11th government shutdown since 1980. The logic is that hard -line positions that don't enjoy support in the Congress can be put directly to the American people by shutting down the government and drawing attention to the impasse. Republican Ralph Norman said last week that, quote, we're going to have a shutdown. We believe in what we're doing. The jury will be the country. Still, the record on government shutdowns doesn't really support that strategy. Not one of the 10 previous shutdowns resulted in the dissenting group extracting concessions. Typically, the American people quickly turn on the party they view as blocking access to government services over a petty squabble. Alex Conant, a Republican strategist, said, This is such a dumb fight because there's no principle that we're standing on here. It's just bad tactics. While the dispute is nominally over excessive government spending, with Republican dissenters pushing for funding to be reduced back to 2022 levels, the underlying problem is, of course, the level of discord within the Republican Party. McCarthy was voted in as House Speaker after a record 15 attempts. The process took four days and frequently descended into a farce. This was only the second time in the post -Civil War era that a House Speaker had failed to be elected on the first attempt. Conant noted the terrible optics of a government shutdown of the Republicans' own making heading into election season, stating that, quote, Biden didn't win because of his political skills and soaring oratory. He won because Republicans blew themselves up with Trump. I'm afraid we're seeing history repeat itself, with the GOP once again helping Biden by shooting themselves in the foot. Of course, never one to shy away from controversy, Trump fanned the flames on Wednesday, posting that, quote, Republicans in Congress can and must defund all aspects of Crooked Joe Biden's weaponized government that refuses to close the border and treats half the country as enemies of the state. He added that, quote, This is also the last chance to defund these political prosecutions against me and other patriots. They failed on the debt limit they must not fail now. Use the power of the person to defend the country. Now, zooming out and trying to get away from the politics of the situation, which obviously is not the focus of this show. The reason that this was brought up at last week's FOMC press conference is that a government shutdown would halt the publication of government data. This would include employment, inflation and growth statistics, which are currently playing a key role in guiding Fed policy. Now, given how much the Fed has said over and over again, their policy is going to be driven by data, presumably not having access to that data would be a fairly big deal. Yet in spite of that, Powell tried to put on a brave face, saying, If there is a government shutdown and it lasts through the next meeting, then it's possible we wouldn't be getting some of the data that we would ordinarily get and we would just have to deal with that. Now, by way of some history, the longest ever government shutdown lasted 35 days. The dispute was around funding for the border wall and quickly turned public sentiment against the Trump administration. Republicans controlled both the House and the Senate, but the administration failed to convince their own party to fund the wall. At the time, Democrat Senator Jon Tester called it the most stupid shutdown I have ever seen in my life. However, if this week's display is anything to go by, that 2019 shutdown could soon have some competition for that title. Now, what does this all have to do with the crypto sphere? Well, I think in many ways these are just exemplary of the state of politics in general. And given that, perhaps it's not surprising that former Senator Pat Toomey is not optimistic about the chances of crypto legislation being passed during this Congress. Just prior to retiring from Congress at the beginning of the year, Toomey introduced his own crypto bill, which focused on stablecoin regulations. Now, the House currently has two major crypto bills eligible to be brought for a vote. One would establish a stablecoin framework while the other introduces more broad crypto regulations. While speaking at a Georgetown Law Seminar on Thursday, however, Toomey said, I don't see a path forward in the Senate regardless of how the vote goes in the House. He added that of the two, he sees the stablecoin legislation as having the best shot. The sticking point will likely be Senate Banking Committee Chairman Sherrod Brown. While Brown has been outspoken about the risks of crypto and the need to bring the industry to heel, he has so far remained extremely quiet on exactly what form of legislation would meet his approval. And of course, any crypto legislation would need the support of Democratic senators to pass a vote to become law. Still, during an interview on Thursday, Coinbase Chief Policy Officer Faryar Shirzad said that she thinks that Brown's lack of commitment to a legislative position might actually be a good thing. Shirzad said, Now, last week, Brown wrote a letter to head regulators at multiple agencies urging them to use their existing powers to crack down on non -compliant crypto firms. This of course seems to be the clear intention, at least at the SEC. On Tuesday, the head of that agency's crypto assets and cyber unit, David Hirsch, warned that more enforcement actions would be coming against crypto intermediaries, including DeFi protocols. Still, Toomey, who serves now as an advisor to Coinbase, views stablecoin legislation as the solvable problem. At the moment, Democrats are pushing for the Fed to serve a central role in regulating issuers rather than granting oversight power to state regulators. This preference is believed to be driven by the White House. Toomey said, He thinks that senior Democrats will get on board once the White House is satisfied with the stablecoin proposal. Although that proposal might have to wait until after the election, as Toomey said in the next Congress, I think it's quite possible to get something done.
Masters in Business
Fresh update on "ralph" discussed on Masters in Business
"Is someone who is able to chronicle the effects that these tours are having both culturally but also financially swifts aris tour and beyonce's renaissance tour are mowing down the competition bloomberg economics expects swifties and base fans to add 5 .4 billion to the u .s. gross domestic product in third the quarter the two tours that are happening at the same time have really created massive phenomenon worldwide with millions of people attending sold out shows kimberly adams bloomberg radio and i'm denise peliguini in the bloomberg newsroom the united autoworkers strikes against major automakers are spreading as we've been reporting especially against general motors and stellantis ford and the u .a .w. they do appear to be making progress this is day eight though and steve bratner chairman and ceo at will it advisers says we won't see headlines on a final resolution with all three automakers in the u .a .w. anytime soon but it it does certainly look tougher than i've ever seen in any of these contract negotiations first of all the u .a .w.'s demands are even by the standard of opening demands pretty extreme secondly they're conducting this negotiation largely in public which makes it harder for the union in particular to back off their positions if and when they need to but all that said there's never been a strike that i know of that hasn't gotten resolved one way or another and it's not hard to see resolution here but uh... i think the mood is that it's going to take a good while and ratner chairman and c .e .o. of will it advisors there our on blueburg wall street week podcast with david weston which you can hear wherever you get your podcasts a growing number of americans are finding it difficult to afford insurance on their homes just as those mortgage rates also hurt people blueberg samie morris reports on the insurance side of the story it is a problem expected to get because worse insurers and lawmakers have underestimated the impact of climate change a report from the nonprofit first street foundation says states like california florida and louisiana prone to wildfires and damaging storms and flooding are likely to see the most dramatic increases in premiums in washington i'm amy morris bloomberg radio thank you amy and just in time for the weekend tinder has rolled out an ultra premium subscription tier to its dating app users that will set you back by six thousand bucks a year that out works to four hundred ninety nine dollars a month to access features like exclusive search and matching tinder says the new plan called tinder select has only been offered to less than one percent of tinder users who are among the apps most active tender says it will be opening up applications for tender select on a rolling basis in new york charlie pellet bloomberg radio alright thank you charlie and global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in over a hundred twenty countries in the newsroom i'm i'm tennise pellegrini and this is bloomberg the bloomberg talks podcast today's top interviews from around bloomberg news we are here with loretta mister the president of the cleveland federal reserve bank ralph shawstein joining us right now chairman emeritus of evercore wide -ranging conversations with fortune five hundred c -e -o -s investors and business leaders around the world charlie nance the c .e .o. of the lawyers banking group bloomberg talks subscribe today on apple spotify and anywhere you podcast bloomberg context changes everything walking into the building today with tools like nanome's virtual reality lab students can use the metaverse to study complex subjects they they can manipulate molecular structures in 3d paving the way for a deeper understanding learn more at meta com slash metaverse impact when you get your news from bloomberg you don't just get the story you get the story behind the story how your eevee's battery may not be as green as it seems why a decrease in global birth rates could send countries scrambling to increase immigration you get context context changes how you see things how you change things because
The Hugh Hewitt Show: Highly Concentrated
Why the House Can't Pass a Defense Bill With Rep. Bryan Steil
"Brian Stile is from Wisconsin's first congressional district. He chairs the House administration committee. Good morning, Representative. Good to have you on. Good morning. Thanks for having me. Well, I've tried with Mike Gallagher. I've tried with Juan Siscamani, and they're both being diplomatic about the knucklehead caucus within the GOP caucus. Five members refuse to vote for the defense appropriations rule. They are Dan Bishop, Ralph Norman, Matt Rosendale, Andy Biggs, and my old friend Ken Buck. I can't figure it out, except that I've read that Ken's gonna take a contract with CNN. So maybe he thinks this adds a couple of zeros to his number. What is wrong with these people, the defense appropriations rule? Well, at the end of the day, it looks like we're going to be able to get that across the line today. So maybe Republicans in the House of Representatives are a little bit like the United States and World War Two, we're gonna have to try all alternatives until we finally come to the table and assist. It sounds like we're going to be able to get this bill across the line today. That's a really positive thing for our Defense Department, but also our country. Hopefully, we're successful in that this afternoon. Roy, I can't believe Matt Rosendale is anti -military. Dan Bishop wants to be the Attorney General of North Carolina. I don't know what's going on with Andy Biggs, but do they understand what it means not to fund the DOD? In making sure we get these priorities right in the Department of Defense bill is absolutely essential. We're having a broader conversation about spending and what those levels need to be. I think that's appropriate in some sense, but we got to make sure that we're moving the appropriations forward. process And the Republican -drafted Department of Defense bill is an amazing step forward to make sure we're protecting the United States of America, funding the United States military, and putting forward conservative policies while doing that. And so hopefully later today, this does pass.
Stuff You Should Know
Fresh update on "ralph" discussed on Stuff You Should Know
"So it would have been a pretty quick evolution Yeah, I think this one makes a lot of sense street criers. I mean England and London especially says has a long tradition of Street-corner barkers and things like this, right? I remember seeing one myself when I traveled there in the 90s and I was like they're still doing this stuff Yeah, it was like a box in the park where you can go stand on it and soapbox maybe I mean that's where that came from right probably and And just you know shout your peace. Sure and it's all guy doing it and I thought what year is this? This is wonderful, right? It's fantastic. But the in particular the shaunters they sang and then sold penny Ballads. Yeah sheet music of penny ballads that they would write real quick after somebody famous died or there was a train wreck or something They'd write a ballad about it and then be out in the corner selling these things Wow, but because they were singing in rhymes and sing-song It's a really good bet that these guys were the ones who originated rhyming slang. Yeah, but not necessarily for any kind of Intentionally coded language because that same guy Dick Sullivan says There's no reason for Paterers who sold their you know, little gee-gaws or trinkets or whatever. I love that word Or shaunters who were selling these penny ballots. They worked alone There was no need for them to come up with a coded language communicate with one another Yeah in front of a customer who they were ripping off because they didn't need to communicate with one another in front of customers Well, I saw that maybe they you know could communicate with each other when customers were around or something Right, but the the other part of that is that it supposedly flies in the face of how slang develops that it's Unintentional, right? Like you don't say let's come up with a coded language and here's how it works Yeah, even like American teenagers when they have slang that their parents don't understand Like you remember how that stuff went. It was something you just heard you never sat around sure I'm hip to that and said, you know, like hey Let's use this other word that our parents won't know what it means right, you know, we'll call it Pepsi when we're on the phone There was also the Victorian backslang Which that was not cockney rhyming slang that was just pronouncing words backwards Sort of simple like yob for boy Yes, but something interesting about that is that it's based on the spelling not the pronunciation Right, which is suggests a strong degree of literacy Which you would probably not have found among at least the patters, right? Probably among the shaunters because they were writing songs and ballads, right? So it's possible they came up with that, too But they think maybe it was butchers and butchers assistants who came up with backslang. Oh, really? Yeah and actually to Confused customers or to be able to talk about what price they should charge a customer in front of the customer, right? So there is like you take all these different pieces and you get the current idea and story for cockney rhyming slang But it's actually a bunch of different stuff. Yeah, that wasn't really all connected until later on Yeah, what it probably also was not was Irish dock workers Yeah There was one theory being bandied about that Irish stock workers would come over and they would speak in this made-up rhyming slang So, you know they could just talk among their Irish peers and the people of London wouldn't understand them Not much of this makes any sense at all. Yeah, because they don't I think now you see it some in Ireland, but For all those years that it was prevalent in London. It was not in Ireland Right, unless they literally just made it up when they came over from Ireland, right? Plus why would they not to speak Irish in front of the English who might not speak it? Yeah, or what would that be Gaelic? Sure, I think so. We're getting so much of this wrong Do you want to take a break in fact check everything and maybe just rewind and start over? Yeah, let's let's get our Wait, what was facts our brass tacks? That's right. So we got to go get our brass straight. That's right In A world where modern technology is rapidly reshaping our day-to-day lives the new podcast technically speaking an Intel podcast Uncovers the remarkable ways tech is improving our livelihood across the globe brought to you by Ruby Studios from I heart media in partnership with Intel Technically speaking is your passport to the forefront of AI's marvels in modern technology Each episode will take you on a riveting journey as you discover the awe-inspiring innovations of our modern world from game-changing innovations revolutionizing early cancer detection to AI software that detects pests on crops that can be detrimental to seasonal yields tune in for Conversations that are shaping tomorrow today. 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Just go to t-mobile comm slash now to learn more Okay We're back It's been about 30 minutes since we left you guys Fact-checked everything and so far so good. Yeah, this is a perfect podcast So you said at the beginning you teased out that it might not even have been cockney to begin with Everything I saw Kind of placed it in that That East I think they call it cheap side really area Wow Where the cockneys were but cockney was also I mean, it's also not necessarily specifically a one place, right? No but if you're talking about cockney people supposedly the Definition of a cockney person is someone who's born within hearing distance of the bells of st. Mary LeBeau. Okay in cheap side Which was in London what this guy John Camden Houghton who was writing in 1860 and placed the Place the origin of rhyming slang 12 to 15 years before so this guy was like on top of it as it was happening. Yeah He placed it at a place called seven dials, which is like a big marketplace and I think still is Which is a mile and a half away from cheap side At the time was in Westminster at the time a different town, right? So you had City of London and then Westminster which is where seven dials was So if you're if you believe Houghton, then it wasn't the cockney at all who came up with that. It was those patters and Sean tours That's a different word than I said no Sean tours Well cockney has what that is though is just sort of the working class, right? I think used to be viewed as Uneducated and sort of lower-class That may be a bit harsh, but if anything it was not the upper crust of British society, right? You know the the pub the hard-drinking pub goers rub-a-dub-dub goers Is that pubs? Yeah, which is another exception because you go from one one syllable pub, uh-huh to rub-a-dub-dub And it actually has three rhymes in there. Oh, but that is cockney rhyming slang for pub Well, but the cockneys were also known for a bit more of progressive politics and I think nowadays there can be a bit more of a of a pride of like a working-class pride associated with it I think there was back then too was there. Mm-hmm, but I think that's one reason also why the cockney accent and cockney rhyming slang in particular was Just treated shabbily and looked down on You know by the rest of England right because it was supposedly, you know associated with lower classes Yeah, it also found its way to Australia Isn't that right and then? somehow on the west coast of America Where the Australian version came in? Yeah in the prisons of the west coast in the u.s. It was called Australian rhyming slang. So I guess some cool guy from Australia showed up and was Speaking in gibberish that just made everyone think I want to do this, too, right It's kind of fun to go on YouTube though and see some of these, you know, because it's such a big thing in England It's been all over the BBC. I watched one episode of the two Ronnie's where this priest did a sermon in cockney rhyming slang Very funny and one of those sort of you know 80s. I guess it was 80s early 80s BBC comedies are always fun right, you know, the production value is not all there The laugh track is it had to have been a laugh track. I don't think it was a studio audience Although it may have been I don't know. It was hard to tell that's all that's during the transition but there were other shows not on your Nellie and the Sweeney and The titles of both of those shows come from actual cockney rhyming slang as well. Yeah, the Sweeney is Particularly dense. It's short for Sweeney Todd, which was rhyming slang for Flying Squad Which is a particular branch of the Metropolitan Police kind of like major case Which was a Sweeney was like the major case division of Metropolitan Police So Nellie comes from the word Nellie Duff the name Nellie Duff, which is apparently just a nonsense name And that rhymes with puff Which means life so not on your Nellie means not on your life. Yeah clearly It's so dense and then of course things like you mentioned Guy Ritchie really brought it into The American consciousness. Mm-hmm in the 90s when he made those two movies, right? Hey, you brought it into my consciousness. I'll tell you that. Yeah, sure So there's a really good question Chuck that I think we need to ask how is it that in 2019? Uh-huh. You and I are analyzing a hyper local slang that came out of the 1840s yeah in you know very specific part of London Like how is cockney rhyming slang still around after all this year all these years when so much other slang is come and gone over The years that we have no idea ever even existed. What's the staying power of cockney rhyming slang? Do you expect me to have an answer? Yeah, I Don't have one about why it's stuck around other than people, you know If people don't still use it, then it would have fallen by the wayside. So clearly it's Ignition of it, but seems to have gotten more popular in the last 20 years what I was reading is that especially in the UK? It's popularity is based on kitschiness. Yeah, you know kind of like hipster irony Uh-huh, like the cockney rhyming word for wife is trouble and strife So I imagine that probably doesn't go over very well If you don't call your wife that with a smile like you're joking right kind of thing Uh-huh. So I think that's the that's the current Use of it, uh-huh, but I mean it's it was used and it's still in use and there's still new words like Posh and Bex is the word for sex. Oh, really? That's pretty new Apparently Britney Spears. Mm-hmm can be used for beers, which is great and I saw one Nelson Mandela. Mm-hmm. If you're getting a Stella Artois. Yeah, this is a Nelson Mandela for Stella So the fact that it's still evolving Yeah, still being contributed to new like these existing words are being replaced with new ones And the fact that it's a hundred and fifty years old. I mean, there's got to be some thing to it that makes it more More I think I think it's that it's just so Hard to understand until someone explains it to you. I think it's fun. I think it's a fewfold. It's fun. It's to be it's fun It's fun It's there is a code to it and Part of the fun is that I think his friends may be trying to make something up and having it catch on sure It's almost like a game like a word game. Yeah a bit Did you just go a bit and then The the the unique Britishness of it all yeah is has a lot to do with it Yeah, because even though it got exported to Australia no one associates it with Australia Sorry, Australia But if we like if it really took off in America with hipsters people in Britain would probably be like forget it It's one that it's fun. Well, what is flown the coop? What could you say for coop? It's um, it's on the Gwyneth and the goop So the Gwyneth it's flown the Gwyneth Okay, that one might catch on I can do this all day No, some of them aren't so good but other ones are gems the why of it all though to begin with I thought was interesting I asked you why and you said you don't know you said why is it sticking around? I mean, why did it start to begin with? Oh, okay And I think you know Ed makes a pretty good point that they're just rhyming period has always been a thing right even in the States and he uses Examples like see you later alligator after a while crocodile. Like I remember saying that when I was a kid I just said that yesterday. Did you really? Yeah. See you later alligator There's just something about it. Maybe it's the childlike nature of it. That's fun. It makes old people feel young again Yes, I mean like it takes something boring and adds a little flair to it, you know, or like Yiddish like fancy-schmancy I love that people say that kind of stuff all the time. I never associated it with Yiddish, but it absolutely is, isn't it? I think so. I mean not outright Yiddish, but Yiddish culture, I think so But yeah, it is strange it is strange that it started to begin with and like I wish there was a definite like person zero That we could point to yeah And you know on the streets of London and someone thought it was funny and then they told two friends and so on and so on Yep Richie started it and Pazzi and Ralph Mouth took it from there and it just kept spreading like wildfire. You got anything else? Yes, I found a 2012 survey by the Museum of London and It set off a bunch of articles about how Cockney Ryman slang is dying But if you read the article it says that 40% of respondents believe it was dying Which means 60% don't believe it's dying. Yeah Yeah, and then they go on to talk about how there's all these, you know new words that are being replaced and added So I don't think it's going anywhere. I think it's usage has become more ironic and everything, but it's still like most most Britons still understand Porky pies means lies. Yeah, like don't tell me any porkies. Give it to me straight. Well, I think it was good We were able to sit here and have a good rabbit and pork. Sure or torque Apparently rabbit and pork is talk But oh that was one other thing the studying this there's reasons people study this it gives you a window into the past For example like pronunciations. Yes, so farthing used to be a Camden Well far things like a quarter penny that they don't use anymore But it used to be called a Camden after Camden Gardens Which tells linguists if they would get off their dust and study this thing That they used to pronounce farthings as fardens Oh Interesting or at least it's something that rhymed closely to gardens But that's why people study this allegedly amazing Well, if you want to know more about cockney rhyming slang get yourself a great cockney rhyming dictionary and go to England and just start Talking up a storm. They love that stuff. They'd love it. They can't get enough. They'll treat you like one of their own That's right. And since we said that it's time for listener me Oh Satanic panic we just re-released that as a Saturday select. I think that was Was that one of your picks or one of mine? I'm not sure but it was it was a good pick for October one of our favorite episodes Yeah, I think of all time and we got a lot of people emailing again about it after listening to it for the first time Hey guys, listen to satanic panic and realize had a story about that. I grew up in a suburb of California By the teenage years I'd become what you might call goth We're black spike jewelry dark makeup and all that stuff My town had a 10 p.m curfew on one night when I was 14 my friends and I were walking home after curfew got pulled over by the cops they Questioned and searched us then called the parents except for mine Not sure why but the officer insisted on driving me home once there. He also demanded to come inside my home I was too scared to argue. So I let him in he went to my bedroom. This is getting creepy Yeah, I was really worried about where this was headed. He went to my bedroom Which is full of posters of Marilyn Manson and the crow and stuff like that and he started going through my things What he told me he was concerned because Satanists are out there and that if I wasn't careful, I'd find myself sacrificed He told me there were rituals and barns that require virgins and I should rethink my lifestyle before I got raped or hurt I thanked him for his concern and I quietly said everything nice That I could to get him out of my house before he woke up my father Situation this happened in 2000 after hearing your episode today It's hard to believe that the residue of the satanic panic would still be around then especially in the police force Just to be clear the suburb. I lived in had very little crime. So the officer was very surprising indeed My boys and I love your show. I recommend it to everyone. Nice. That is from Lisa G does Really something Lisa, I know kind of disturbing. Yeah, like I don't I don't know if that cop was a good guy It started to go down a pretty creepy road there. It really did. Yeah, maybe he was just looking for some pot or something Coming up with a cover story. Yeah, I gotta get in your room and go through your You got any weed? Yeah, really who I was relieved to know that it just ended in the cop leaving. Yeah Agreed he went above and beyond and not in yeah a good way, right? Well, thanks a lot Lisa and glad that you made it through that and that you and your boys are listening to stuff You should know could you get any cooler? I don't think so Well, if you want to be cool like Lisa and her boys You can get in touch with us by going on to stuff You should know checking out our social links there and as always send us an email to stuff podcast at I heart radio calm You Stuff you should know is a production of I heart radio for more podcasts my heart radio visit the I heart radio app Apple podcasts or wherever you listen to your favorite shows Hey everyone the new fully electric seven-seat Volvo Ex90 comes with the latest technology to help keep you and those around you safe because hey We're all human and distractions can happen even when we're behind the wheel That's why the Volvo ex90 is to censor driver Understanding system is designed to prevent distractions by helping you stay focused by detecting when you're driving drowsy or distracted So the car can alert you safety comfort and fully electric reserve your Volvo ex90 today learn more at Volvo cars Calm slash us.
What Bitcoin Did
A highlight from All Roads Lead to Bitcoin with Checkmate
"0 .1 % to 1 % is gargantuan numbers, just extraordinary numbers, right? If Bitcoin does, in fact, achieve 1 % balance sheet capacity everywhere, it makes a lot of sense. It's the perfect currency to settle between enemies for oil, which creates enemies. Hello there from Bedford. How are you all? Yes. I got back from Lebanon yesterday. What an amazing, profound trip. I cannot wait to get the film out to show you what I saw. Also can't wait to talk about it with people. You learn a lot about Bitcoin when traveling, things you can't read in the book, things you can't get from a podcast. And so, yeah, I'm looking forward to talking about my experiences. And I also do, I just want to say a massive thanks also to everybody who helped. A whole bunch of people came out to Lebanon or were in Lebanon and helped us with making this film. So sorry if I forget someone, but massive thanks to Ralph, Tony, Francois, Ellie, Ralph's dad. Who have I forgotten? If I've forgotten someone, I'm very sorry, but you know I love you. And I thank you all so much for your hospitality and help in putting this film together. And speaking of which, I obviously want to say a massive thanks to Iris Energy because without them, I couldn't do this. They came to me last year, was it last year or this year? I think it was the end of last year, perhaps it was this year. I don't know. It's all blown into one, but said, how can we help you? What do you want to do? What do you need? What do you need to do Pete? And I said, well, I need to make a podcast, but I want to make some more films. And they fully backed this and they said, look, here's the money, go and make every film you want to make. So listen, a massive shout out to everyone at Iris Energy, specifically Dan and Will Roberts for backing me and Danny and all the things we want to do. Anyway, enough of that, welcome to the What Bitcoin Did podcast, which is brought to you by those massive legends at Iris Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. Yes, I'm your host, Peter McCormack, and today I've got a banger of a show. One of the best ones I think I've recorded this year with my boy Checkmate from Glassnode. And we initially planned to talk about on -chain data and we touched on that a little bit, but we quickly moved into all sorts of areas from Bitcoin incentives to macro to politics. It was almost like just a couple of friends talking about all the bullshit in the world and figuring out the role of Bitcoin in this. So yeah, I love this one. I love Checkmate. What a guy, what a massive human as well. He's like six foot 11 or something ridiculous. Like he towers down on Danny. With Danny's next to Checkmate, it's like me being next to Danny.
Bloomberg Daybreak
Fresh update on "ralph" discussed on Bloomberg Daybreak
"Golf. Bloomberg Business and Sports subscribe today on Apple Spotify and everywhere you get your podcasts Bloomberg context changes everything the Bloomberg Talks podcast today's top interviews from around Bloomberg News we are with here Loretta Bester the president of the Cleveland Federal Reserve Bank Ralph Shostein joining us right now chairman emeritus wide conversations -ranging with fortune 500 CEO investors and business leaders around the world Charlie Nunn the CEO of Lloyd's Banking Group Bloomberg Talks subscribe today on Apple Spotify and anywhere you get your podcasts Bloomberg context changes everything Now this Bloomberg sports update when's the last time you've seen a curtain call at Yankee Stadium when the Yankees
The Eric Metaxas Show
A highlight from Dr. James Lindsay (Encore)
"Welcome to the Eric Mataxas Show. We'll get you from point A to point B. But if you're looking for point C, well, buddy, you're on your own. But if you wait right here, in just about two minutes, the bus to point C will be coming right by. And now here's your Ralph Cramden of the Airways, Eric Mataxas. Hey there, folks. Right now, I want to briefly interview our friend Robert Netsley. This is something I don't know. I get so excited about how it's possible to change the world with where our money is invested. I'll be talking about it. But there's an action point. You have to go to inspireadvisors .com slash Eric. I'm going to repeat this over and over. I want everyone on this program to do it. It is free. It is free. And it is very, very important. We need to get activated, folks. We need to bust out of the inertia. And we need to get activated. And so, where your money is, inspireadvisors .com slash Eric. That's the action point. But let me play my interview with Robert Netsley. Folks, you know that when I find the solution to a problem, I get very excited. If you've been listening to this program for a while, you know that I talk about people of faith being active in their communities, in how they spend their money, in how they vote, in every way. And one of the things that got me really excited when I discovered Robert Netsley, he's with Inspire Investing, he is helping people do something, which I guess we can talk about it, is even better than just spending your money in good places and not spending your money in bad places. But where is your money invested? Is it invested in companies that share your values? Is your money invested in companies that are working against your values, and I would say against God's values? And so, we bring him on now. Robert Netsley, welcome back. It's a pleasure to be here, Eric. As always, thanks for having me. I get excited every time I talk to you just because there's a solution, because this is the kind of thing that I would want to dream up. I would say, can't somebody figure out a way, when we talk about all the money that's out there, people of faith in America. What's that? No, I wasn't saying anything. Yeah, people of faith in America have a lot of money. It's not just they spend a lot of money, but they have a lot of money invested in retirement funds, whatever. And a lot of that, as I've learned in talking to you, is with companies that are really bad, that are really woke, that are working against everything we believe in. So, then the question is, how do I figure that out? How do I get my money out of those places? And you have come up with a solution, and I should tell people, I'll repeat it again and again, inspireadvisors .com slash Eric. That's the website, inspireadvisors .com slash Eric. If people go to inspireadvisors .com slash Eric, Robert Netsley, what will they find there? How have you solved this problem? Well, they'll find an offer that our staff has done for, I don't know how many, countless of thousands of investors around the country, around the world. And we're making a special offer here for your listeners is to just help you understand what you own. It's the first step. And so, my personal story, I was working at one of the big four Wall Street investment bank in their investment department. And long story short, just realized one day, here I am president of our local pro -life pregnancy center, and I own three stocks of companies manufacturing abortion drugs. So, every time a young lady goes across the street to plan a parent who has an abortion, I just made money on that transaction. I literally profited from that transaction. And then you go down the laundry list of all sorts of other things that are going on in the portfolio, LGBT activism, human trafficking, et cetera. And I'm investing in these businesses, I'm profiting from these businesses, and likely so are you. And I'm not here to be your moral police, that's not my position. But what we want to do is help people understand what it is that they're putting their money into. It's not just a mutual fund ticker symbol with some dollars attached. There are real companies doing real things, some of which are incredibly evil and immoral, and it would turn your stomach if you realized what the money is that they're putting into your pocket and what you're helping to fund. And basically, so this report will show you exactly down at the nitty gritty of on this date, this company gave this much money to Planned Parenthood, let's say, or what have you. And so that you can then be informed and then make informed decisions about how you want to invest your money, which we believe is God's money in a way that honors him, helps society thrive, stops undermining your deeply held values, the list goes on. So, that's God's mandate is this commandment to love the Lord your God with all your heart, soul, mind, strength. And the idea is that if you act like, well, that doesn't matter, everything matters. And it's only inertia, which is the devil owns inertia. When you don't do anything, the devil wins and his values win. So, here is an opportunity, folks, for you to take your money out of these companies or to even know where your money is invested. What is your money, which you're responsible for? It's God's money. Where, who's it helping? What are you invested in? So, if you go to inspireadvisors .com slash Eric, I'll say it again, inspireadvisors .com slash Eric, you can get a report. You can learn, this is free, obviously, Robert, this is free. Right. Yeah. Complimentary, totally complimentary. We're passionate about spreading a movement. There are millions of Christians and others around the world who are moving their money by the billions of dollars out of the woke investment firms that are doing everything they can to, frankly, ruin our cherished ways of life in many ways and just put it into investments that just are as equally wise and financially viable and everything else. They just happen to be in companies that are just doing their job. If they're making shoes, they're making shoes, not sponsoring abortion legislation or what have you. So, yeah, totally free. And man, I want to stress the size of the movement too. There is a movement of people. You're not alone. This is by God's grace, where we've been one of the fastest growing investment firms in the nation and the top three fastest growing investment firms in the nation for the past number of years. We're managing over $2 .3 billion and we're not the only firm here. We have colleagues that work labor alongside. This is a movement and you get to be a part of that. If you go to inspireadvisors .com slash Eric, you figure out how easy it is to just be intentional instead of conforming to Wall Street recommendations for your life, which might not be in your best interest. So, please consider that. Ladies and gentlemen, look, this is game changing stuff. I want to be really clear. This is game changing stuff. If everybody listening to this program would do this and you would take your money out of the funds that are doing evil things, it is a game changer in America because not only are you defunding these companies from doing bad things, but you're giving companies an incentive to do the right thing. You're saying, you know what, we better be careful. We shouldn't give our money to Planned Parenthood or to whatever evil things they're doing because you know what, there's going to be pushback. We're going to lose people. People aren't going to invest in us. So, I'm asking you to go to inspireadvisors .com slash Eric. It is free, folks. It is free. Please do this. Resist the inertia. Inspireadvisors .com slash Eric. Inspireadvisors .com slash Eric. Check it out. Hey, folks, you've all helped support MyPillow and their employees in these tough economic times. Mike Lindell knows this and continues to give back to listeners with deals on his most popular products. You've heard me recently speak about the My Slippers, the Giza Sheets, MyPillow 2 .0, and more. For a limited time, the MyPillow six -pack bath towel set is back in stock. Take it from me, these towels are highly recommended. They're luxuriously soft and super absorbent, meaning they actually function like a towel should. With a special deal, you'll get two bath towels, two hand towels, and two washcloths. A complete set normally $79 .98, but for a limited time for all my listeners, go to MyPillow .com. Use promo code ERIC to snag this set for just $39 .99. That's a 50 % discount. Visit MyPillow .com today or dial 800 -978 -3057 to grab this deal with promo code ERIC. Act fast, it won't last. Use promo code ERIC for more specials. 800 -978 -3057. Use promo code ERIC or MyPillow .com. For 10 years, Patriot Mobile has been America's only Christian conservative wireless provider. And when I say only, trust me, they're the only one. Glenn and the team have been great supporters of this show, which is why I'm proud to partner with them. Patriot Mobile offers dependable nationwide coverage, giving you the ability to access all three major networks, which means you get the same coverage you've been accustomed to without funding the left. When you switch to Patriot Mobile, you're sending the message that you support free speech, religious freedom, the sanctity of life, Second Amendment, and our military veterans and first responder heroes. They're 100 % US -based customer service team. Make switching easy. Keep your number, keep your phone or upgrade. Their team will help you find the best plan for your needs. Just go to PatriotMobile .com slash Metaxas or call 878 Patriot. Get free activation when you use the offer code Metaxas. Join me, make the switch today again. Go to PatriotMobile .com slash Metaxas or call 878 Patriot. Do it now. There's a battle for it. Get answers as the Real Life Network televises the Pray Vote Stand Summit September 15th and 16th with former President Donald Trump and Florida Governor Ron DeSantis discussing what it'll take for America to get back to greatness, along with a host of conservative leaders like All -American swimmer Riley Gaines, US Senator Josh Hawley, Dr. Ben Carson, Pastor Jack Hibbs, and more. Go to RealLifeNetwork .com now to sign up for free. That's RealLifeNetwork .com. On the Real Life Network, the gospel is never censored by big tech or the government with faith -based content, family entertainment, and new shows released weekly. Watch on any device, anywhere, anytime. Don't miss Pray Vote Stand, a free online event with Donald Trump, Ron DeSantis, and other conservative leaders September 15th and 16th. Available at .com RealLifeNetwork or download the app and sign up for free. That's RealLifeNetwork .com. Check it out. Hey there, folks. Welcome back. As I think I promised you in the previous segment, today it's my privilege to introduce to you someone to whom I think you ought to have been introduced much earlier than now. His name is James Lindsay. Some of you will be familiar with him. He's tough to sum up, and those are my favorite kind of people because I aspire to be one of those kind of people. His bio says he's an American -born author, mathematician. You see, we've already taken a sharp left, and professional troublemaker. He's written many books on a range of subjects, religion, philosophy of science, postmodern theory. Two, he's a leading expert on critical race theory, which means, of course, that he rejects it utterly. He's written many books. Why don't we just get him on here? James Lindsay, welcome to the program. Hey, Eric. Great to see you. You don't sound too enthusiastic. You don't want to oversell. Now, listen. Yeah, it's morning. Listen, you. I know it's early where you are, but honestly, you are tough to sum up. For my audience that is not familiar with you, I know you through turning point events and other things and here and there, but how would you help somebody understand how you got to be doing what you're doing now, and you're an expert on critical race theory, and how did this start for you? Where did you grow up? Can we start there? Yeah, we can go all the way back. Actually, my family is from two different parts of New York State, but nowhere near the city, so I have roots, New York but we moved down to East Tennessee very early on in my life when I was five. I grew up primarily in East Tennessee, so I'm an Appalachian culturally, but with this parentage that made fun of Appalachian culture that didn't quite let it take full root. Difficult to sum up even from childhood, I suppose, but I grew up in East Tennessee. You're not part of a jug band, is that what you're trying to tell me? No, I'm not. I did learn at one point when I was a teenager to play the spoons, but that's been a while.
The Breakdown
Fresh update on "ralph" discussed on The Breakdown
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Friday, September 22nd, and today we are talking oil, macro, everything that could throw the economy off. But before we get to that, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link at the show notes or go to bit.ly slash breakdown pod. All right, friends, well, we are sort of continuing the macro story today that we picked up around Powell and the FOMC this week. And one of the questions that Powell was asked was about risks that threatened to knock the economy off course. Two that he mentioned that we're going to spend a little time on today include oil prices and a potential government shutdown. Let's start with oil first. The price of crude oil has steadily increased over the past four months. From a low of around $70 in June, oil reached almost $90 a barrel for the US-based WTI benchmark contract and $95 per barrel and $95 per barrel for international Brent crude earlier this week. The price increase for crude has driven US gas prices back above $3.80 per gallon, the highest level since last October. Overall, gas prices have ramped up by 20% since the beginning of the year, according to AAA. Now, there are a number of factors all contributing to steadily increasing oil prices since the June lows. The first is OPEC+. The economic group of oil producing nations led by Saudi Arabia and Russia have recently curbed output. Production cuts, which were agreed to late last year, have been gradually implemented over the past six months. In July, Saudi Arabia voluntarily cut an additional 1 million barrels per day from its production quota, about 10% of its previous output. Existing production cuts across OPEC have already been extended into next year and analysts expect Saudi Arabia to extend their voluntary cuts until March. On Thursday, Russia further constrained supply by banning the export of diesel and petrol. Russia is one of the world's largest suppliers of diesel alongside their status as producing around 12% of the global supply of crude oil. The International Energy Agency said last year that Russian refineries produce, quote, roughly double the diesel needed to satisfy domestic demand and typically export half their annual production. Analyst opinions focused on the simplest explanation for the ban, retaliation for sanctions. Henning Gloestien of the Eurasia Group said, Russia wants to inflict pain on Europe and the U.S. and it looks like they're now repeating the playbook from gas and the oil market ahead of the winter months. They're showing that they're not finished using their power over energy markets. The Kremlin said the ban was temporary and aimed at addressing rising energy prices in domestic markets. However, they gave no timeline on when the ban might be lifted. U.S. and European policymakers have largely banned the importation of Russian refined fuel since February, which has required Russian supply to be routed through third party regions including Turkey, North Africa and Latin America. Now, OPEC cuts over the past year were predicated on a weakening demand profile heading into this year. At the time they were announced, recessions were expected across Europe and the U.S. China was an open question with the potential of reopening pushed back in the midst of additional pandemic waves. But since then, the European economy is sputtering along, albeit with dismal manufacturing data out of Germany. The sanctioning of Russian supply has caused European demand to be displaced to other regions with refining capacity, largely India and the Middle East. In the U.S., recession has been continuously pushed off into the future and oil demand is now back at all time highs with no signs of slowing. Although the Chinese economy has hit some turbulence recently, oil demand remains robust. Analysts expect China's oil demand to remain high as Beijing secures strategically important resources. What's more, analysts expect China's oil demand to remain high as Beijing secures strategically important resources in part to mitigate geopolitical risks as well as to shore up its manufacturing and transportation industries. So with oil prices spiking, many are wondering whether the White House will once again intervene in markets using the Strategic Petroleum Reserve. Between November 2021 and September of last year, the White House authorized a number of SPR releases. The final policy saw one million barrels per day provided into the market over six months. A small amount of oil was restocked earlier this year, but the SPR still sits at a little over half its pre-pandemic level. Earlier this week, a headline circulated proclaiming that quote, Biden says depleting SPR is on the table. This was later found to be a hoax with no legitimate source, but it demonstrates how difficult high oil prices could be for the U.S. economy heading into election season. To wit, many saw the SPR release as a political decision rather than an economic decision heading into the 2022 midterms. In the private sector, U.S. oil inventories have recently hit 40-year lows of 46-day supply, well below the longer-term average of 65 days. And while August's inflation reports already showed a small uptick due to oil-related prices, the effect is expected to be more profound across this month. Dario Perkins, an economist at T.S. Lombard said, That said, it is important to keep these recent inflationary developments in context. We are not yet in danger of undoing 12 months of solid disinflationary progress, not even close. Others suggested that high oil prices would have a greater impact on growth rather than inflation. Maya Bhandari, head of multi-asset at BNP Paribas Asset Management said, It really impacts the growth side of the Goldilocks equation rather than the inflation side of things over the long term. Theory is that sustained high oil prices begin to eat into disposable income for households alongside higher costs of production for manufacturing and logistics. These combine to reduce growth and potentially tip the economy into recession. Overall, this situation in the oil markets has, to some, many parallels to the liquid natural gas spike in the winter of 2022. Prices in some markets rose more than tenfold, European energy companies scrambled to secure supply at any cost, and multiple firms went bankrupt due to the volatility in markets. This week, Bloomberg reported that the trading arm of French supplier Total Energies has played a major role in bidding up the price of U.S.-based oil. Their source claimed that the firm is paying a premium for physical U.S. barrels, pushing the spread against futures to levels not seen since last November. With all of that said, there are some signs that the oil market is beginning to cool off. On Thursday, Brent crude futures fell to $92 per barrel, which represented the third straight day of price declines, which is the longest streak in almost a month. Warren Patterson, head of Commodity Strategy at ING, said the Fed's hawkish messaging has quote, put some pressure on risk assets, including oil. The dollar index has risen by 0.8% since Chair Powell left the podium, a large enough move to weigh on asset markets. Patterson said he still expects Brent crude to move above the $100 mark in the near term, but that he doesn't anticipate the move will be sustainable. So that is the view on oil overall. The thing that I am definitely going to be watching more than anything else is the political dimension of this. We are now entering the period where everything, even more than usual, is going to be completely wrapped up in what it means for the election season. If prices at the pump keep trending up, it seems very likely that the Biden administration will be willing to do what it takes, including SPR releases, to get those prices down. But that's just something we're going to have to keep an eye on. Now what about that other factor that Powell mentioned? Well yes, indeed, my friends, the US government is once again hurtling towards a shutdown after efforts to pass a short term spending bill were scuttled on the House floor on Thursday. House Speaker Kevin McCarthy attempted to marshal Republicans to vote through a package to keep the government funded past the end of September. Closed door negotiations continued late into Wednesday night, but were apparently unconvincing. The bill currently being considered is the $886 billion Defense Appropriations Act. The bill was stifled in the House after five GOP representatives refused to allow debate to begin by voting against a preliminary procedural rule. Democrats also voted against the measure and appeared to taunt Republicans apparently reveling in seeing the GOP's slim majority descend into chaos. Among the Republican dissenters was Marjorie Taylor Greene, who opposed the inclusion of $300 million in funding to the Ukrainian war effort. On Thursday, Politico reported that Pentagon sources have said Ukrainian operations have been exempted from any shutdown, making that part of the dispute rather moot. McCarthy sent House members home on Thursday night to return to Washington on Tuesday. He told reporters after the failed vote, quote, two people flipped, so I got to figure out how to fix that. That wasn't the impression they had given us. Now, this was McCarthy's third attempt at bringing the bill to the House floor. The current proposal on the table is a 31-day stopgap funding mechanism to forestall a shutdown to begin next weekend. McCarthy remarked on the change in tone in Congress among that extreme element of the Republican Party, stating that, quote, this is a whole new concept of individuals that just want to burn the whole place down. Now, even if a 31-day stopgap is passed in the House, it seems unlikely to make its way through the Democrat-controlled Senate. The bill includes a 30 percent temporary cut to domestic agencies and immigration law changes, neither of which are likely to get the seal of approval from Dems. Senate Majority Leader Chuck Schumer said instead of decreasing the chance of a shutdown, Speaker McCarthy is actually increasing it by wasting time on extremist proposals that cannot become law in the Senate. House Democrat leader Hakeem Jeffries remarked that the situation was playing out as a, quote, Republican civil war. Now, if it comes to pass, this would be the 11th government shutdown since 1980. The logic is that hard-line positions that don't enjoy support in the Congress can be put directly to the American people by shutting down the government and drawing attention to the impasse. Republican Ralph Norman said last week that, quote, we're going to have a shutdown. We believe in what we're doing. The jury will be the country. Still, the record on government shutdowns doesn't really support that strategy. Not one of the 10 previous shutdowns resulted in the dissenting group extracting concessions. Typically, the American people quickly turn on the party they view as blocking access to government services over a petty squabble. Alex Conant, a Republican strategist, said, This is such a dumb fight because there's no principle that we're standing on here. It's just bad tactics. While the dispute is nominally over excessive government spending, with Republican dissenters pushing for funding to be reduced back to 2022 levels, the underlying problem is, of course, the level of discord within the Republican Party. McCarthy was voted in as House Speaker after a record 15 attempts. The process took four days and frequently descended into a farce. This was only the second time in the post-Civil War era that a House Speaker had failed to be elected on the first attempt. Conant noted the terrible optics of a government shutdown of the Republicans' own making heading into election season, stating that, quote, Biden didn't win because of his political skills and soaring oratory. He won because Republicans blew themselves up with Trump. I'm afraid we're seeing history repeat itself, with the GOP once again helping Biden by shooting themselves in the foot. Of course, never one to shy away from controversy, Trump fanned the flames on Wednesday, posting that, quote, Republicans in Congress can and must defund all aspects of Crooked Joe Biden's weaponized government that refuses to close the border and treats half the country as enemies of the state. He added that, quote, This is also the last chance to defund these political prosecutions against me and other patriots. They failed on the debt limit they must not fail now. Use the power of the person to defend the country. Now, zooming out and trying to get away from the politics of the situation, which obviously is not the focus of this show. The reason that this was brought up at last week's FOMC press conference is that a government shutdown would halt the publication of government data. This would include employment, inflation and growth statistics, which are currently playing a key role in guiding Fed policy. Now, given how much the Fed has said over and over again, their policy is going to be driven by data, presumably not having access to that data would be a fairly big deal. Yet in spite of that, Powell tried to put on a brave face, saying, If there is a government shutdown and it lasts through the next meeting, then it's possible we wouldn't be getting some of the data that we would ordinarily get and we would just have to deal with that. Now, by way of some history, the longest ever government shutdown lasted 35 days. The dispute was around funding for the border wall and quickly turned public sentiment against the Trump administration. Republicans controlled both the House and the Senate, but the administration failed to convince their own party to fund the wall. At the time, Democrat Senator Jon Tester called it the most stupid shutdown I have ever seen in my life. However, if this week's display is anything to go by, that 2019 shutdown could soon have some competition for that title. Now, what does this all have to do with the crypto sphere? Well, I think in many ways these are just exemplary of the state of politics in general. And given that, perhaps it's not surprising that former Senator Pat Toomey is not optimistic about the chances of crypto legislation being passed during this Congress. Just prior to retiring from Congress at the beginning of the year, Toomey introduced his own crypto bill, which focused on stablecoin regulations. Now, the House currently has two major crypto bills eligible to be brought for a vote. One would establish a stablecoin framework while the other introduces more broad crypto regulations. While speaking at a Georgetown Law Seminar on Thursday, however, Toomey said, I don't see a path forward in the Senate regardless of how the vote goes in the House. He added that of the two, he sees the stablecoin legislation as having the best shot. The sticking point will likely be Senate Banking Committee Chairman Sherrod Brown. While Brown has been outspoken about the risks of crypto and the need to bring the industry to heel, he has so far remained extremely quiet on exactly what form of legislation would meet his approval. And of course, any crypto legislation would need the support of Democratic senators to pass a vote to become law. Still, during an interview on Thursday, Coinbase Chief Policy Officer Faryar Shirzad said that she thinks that Brown's lack of commitment to a legislative position might actually be a good thing. Shirzad said, Now, last week, Brown wrote a letter to head regulators at multiple agencies urging them to use their existing powers to crack down on non-compliant crypto firms. This of course seems to be the clear intention, at least at the SEC. On Tuesday, the head of that agency's crypto assets and cyber unit, David Hirsch, warned that more enforcement actions would be coming against crypto intermediaries, including DeFi protocols. Still, Toomey, who serves now as an advisor to Coinbase, views stablecoin legislation as the solvable problem. At the moment, Democrats are pushing for the Fed to serve a central role in regulating issuers rather than granting oversight power to state regulators. This preference is believed to be driven by the White House. Toomey said, He thinks that senior Democrats will get on board once the White House is satisfied with the stablecoin proposal. Although that proposal might have to wait until after the election, as Toomey said in the next Congress, I think it's quite possible to get something done.
The Eric Metaxas Show
A highlight from Ryan Girdusky
"Welcome to the Eric Metaxas Show. We'll get you from point A to point B. But if you're looking for point C, well, buddy, you're on your own. But if you wait right here, in just about two minutes, the bus to point C will be coming right by. And now here's your Ralph Kramdinger, the president of the airways, Eric Metaxas. Hey there, folks, welcome to the program. We have two exciting guests coming up and three really dull guests. But we're not gonna play the dull guests. We're only gonna play the exciting guests today. Yeah. Right? Absolutely. Right? Yeah. Right. That's right. No, but actually the first one is Ryan Gerdusky, and he really has been heroic in explicating the lunacy of the woke universe. So we're gonna be talking to Ryan, I believe right after this segment. Yeah. And he's coming in studio in person, which is always fun. That's what I hear. Yeah. He'll be right here in this studio. Now, Chris, I gotta tell you, I keep wanting to talk about like my favorite films. Yeah. And my viewing habits. I mean, it's the end of the summer. You probably got to get some summer viewing in. I don't believe in summer viewing, but I watch all my films indoors exclusively. But I recently, I think I mentioned this yesterday, I knew this would happen eventually. I knew TV would fundamentally change and that at some point the world of TV and internet would like mush together so that there's no, right? And so I think we're finally there. So I can now turn on the TV and I can search for like Hitchcock movies and I can find Hitchcock movies, right? And it's kind of a cool thing because there are so many great films that I've missed over the years or films that I've seen I wanna see again, right? But the other day, Suzanne and I were looking around for what to watch. And I thought, holy cow, it's the 39 steps. This was the 1935 film that Alfred Hitchcock did. Now that's the year he also made The Man Who Knew Too Much, which was remade 20 years later with like Doris Day and Jimmy Stewart, whatever. But in the 30s, I mean, it's hard to believe that Hitchcock was operating in the mid 30s and that the films are obviously Hitchcock films, right? Like when you watch it, you just go, this is Hitchcock film. It's got a MacGuffin, it's just classic. But we watched the 39 steps and it was so good. This is the 1935 version. At least I thought it was so good for many reasons. But one of the things that made it great, there's a scene. I could just watch the scene over and over. It's where the hero played by Robert Donat, he's wandering through the Scottish countryside and he's on the lam. This is classic Hitchcock, right? Like he's running from the law because they believe he's a murderer. He's not a murderer, of course. But they believe he's a murderer. And so he's running from the law and he comes to the home, it's described as a Scottish crafter. So this is this really kind of bitter, like harshly religious guy who lives in this place near the Loch, near, I can't remember the town. In the Highlands. In the Highlands of Scotland.
The Eric Metaxas Show
A highlight from David Friedman (Encore)
"Welcome to The Eric Metaxas Show. We'll get you from point A to point B. But if you're looking for point C, well, buddy, you're on your own. But if you wait right here, in just about two minutes, the bust of point C will be coming right by. And now, here's your Ralph Cramden of the Airways, Eric Metaxas! Hey there, folks. Very special show today. My guest is David Friedman. He served as the U .S. Ambassador to Israel under President Donald Trump. He is a Nobel Prize nominee and National Security Medal recipient for his efforts in helping secure the historic Abraham Accords. He's also the best -selling author of a number of books. David Friedman, welcome. Eric, thank you so much. Great to be with you. I had the privilege last week of being at Bedminster National Golf Club with the President and a number of pastors, where you came on Skype or Zoom and gave a presentation on the thing we're going to talk about today. And I was so excited in hearing about it, and I thought, I get to interview you about this right now. So before we get into your background, because I want to, let's just start with the headline. There's a film coming out. Just talk briefly about that, and then we'll kind of backtrack. Sure. Well, the film is called Route 60, the Biblical Highway. And it is not just about a road, although it tracks this road, which is the biblical spine of Israel. It begins in Nazareth, ends in Beersheba. It's 146 miles long. And I would say that around 90 percent of all the Bible stories that you and I might be familiar with either happened along that road or within a few kilometers in either direction. When I heard you talk about this last week, you didn't know I was in the room, but as I heard you talk about this, I thought, I'm always amazed when I'm hearing something hugely important that I've not heard before. And so you're sharing this stuff, and I'm just kicking myself. I'm thrilled and I'm kicking myself. How is it possible that I didn't know this? Because what you shared is utterly central to history, utterly central to the history of Israel.
The Eric Metaxas Show
A highlight from John Amanchukwu
"Welcome to the Eric Metaxas Show. We'll get you from point A to point B. But if you're looking for point C, well buddy, you're on your own. But if you wait right here, in just about two minutes, the bus to point C will be coming right by. And now, here's your Ralph Kramden of the Airways, Eric Metaxas. Hey there folks, welcome to the show. We have a guest on who, man, I don't even know how to start. First of all, I'll try to pronounce his name correctly. John Amanchukwu. I got John correct. I think I got Amanchukwu correct. John Amanchukwu is someone I've come to admire tremendously. He's in North Carolina. He's been a pastor for years. He is a brave voice in the midst of the madness, one of the bravest voices. And it's my privilege to have him as my guest for this hour. John, welcome. Hey, thank you so much, Dr. Eric, for having me on your show. You can't call me Dr. Eric because I'm not a doctor, but you can call me whatever you want. Could you call me the Commodore or Admiral? I'd prefer, I really prefer that. But no, seriously, you have been such a brave voice and people have seen you, you know, probably on Instagram reels or whatever. Tell my audience, because this is, it's always better when my guest tells the story, but you've been a brave voice speaking out against the, what would be a nice term for it, of satanic lunacy profoundly sexual material being given to children in our schools. Very tough for most of us to believe that this is happening, but it has been happening. You've been exposing it and you've been bravely speaking against it. So let's just start, John, with how did you get involved in this? At what point did you say, I'm going to step up and start confronting crazy these abusers. Cause that's what they are abusers of our children. How did that start for you? Well, I've been involved in this kind of work for the past 20 years. I joined a church in college called upper room church regarding Christ. I joined at the age of 19 and the senior pastor is a Bishop Patrick Langwood and senior. And he says that our church is a cause driven church. You know, we believe that there is a cause in Christ. There's a cause in the marketplace for us to bring our biblical worldview to it, to engage the culture and to fight against evil and wickedness. Isaiah five 20 says, well, to those who call evil, good and good evil, who put darkness for light and light for darkness. And so we've just been on the front lines on the abortion clinic issue, fighting against fatherlessness and the black community. And now even with this indoctrination in the public school system, now, some people call it indoctrination. Some people call it grooming, but I like to call it mental rape. That's the best way for me to define what has taken place in the public school system. I call it mental rape because it assaults the soul. It stains the brain and it robs children of their innocence. When you accessible for kids, K through 12, a child is going to pick that book up. And I went out to Asheville and spoke about a book entitled it's perfectly normal. That book is for kids 10 and up it's hardcore porn. It's not soft born it's hardcore porn. That book gives Hugh Hefner a run for his money. When you open the book, it depicts images of heterosexual sex and homosexual sex. Why do 10 year olds need to see and learn how you should have lesbian sex at the age of 10? That's disgusting. That's evil. It's mental rape. There's an assault taking place upon children. And there's a critical point that's being left out of the equation. And that's the church. The church is not engaging. We need some modern day, Carl Bartz. We need some Martin modern day, Martin Nemo is we need some people who are willing to engage the culture and tell the church, listen, we are not supposed to be co -opted by the state. The state is not supposed to run the church. And when we go into a public school, we have this thing called parental choice. Some call it rights, but I call it parental choice. I call it a parental parental choice because our rights come from God as parents, but choice parents have a have the choice and the knowledge of being able to assess and know what's going on in the public school system and to have the freedom and the liberty to push back when there is an assault upon their children.
The Eric Metaxas Show
A highlight from John Zmirak
"We are representing a second whistleblower from the FBI, Marcus Allen. Due to whistleblower retaliation by the FBI, I've been suspended without pay for over a year because of you, ACLJ donors. You get the best attorneys in the world. Folks, welcome to the Eric Mataxas show sponsored by Legacy Precious Metals. There's never been a better time to invest in precious metals. Visit Legacy PM investments dot com. That's Legacy PM investments dot com. Welcome to the Eric Mataxas show. We'll get you from point A to point B. But if you're looking for point C, well, buddy, you're on your own. But if you wait right here in just about two minutes, the bus to point C will be coming right by. And now here's your Ralph Kramden of the Airways. Eric Mataxas. Hey there, folks, welcome to what I call Friday. And you know why I call it Friday? Because everyone calls it Friday and I just go with the crowd. That's who I am. This is our one. And it's my privilege in the first hour of today's program to have a dear friend, John Smirack, as my guest for the whole hour. We're going to talk about a lot of stuff. Now, before that, I want to say again, because I have to say it, we need your help with food for the poor. I don't know how else to say it except to say we need your help with food for the poor. There are people suffering if you've ever suffered, if you've ever lost your home, if you've ever. Been unable to feed your kids. Or suffered in that way. You know that any time anyone helps you, you can't even contain the gratitude. Folks, that's the situation. Food for the poor is on the ground in countries where people are suffering. A lot of times we can't handle even thinking about suffering, but I'm here to tell you, God has blessed us to be a blessing. So whatever it is that you can do, all you need to do is find a place where you can trust giving your money. We're supposed to do something with with what we have. And that means being a good steward. So food for the poor. These are the best of the best. If you go to Metaxas talk dot com, you can give there. You can give a little bit monthly. You can give a lot in one shot. You can do what you want, but we need people to help. We're just way behind. I also want to throw this out there that I always say one thing I can do is give of my time. So I will spend an evening if anybody feels that they want to give a ten thousand dollar tax deductible donation to food for the poor. It will be my delight to find a time either here in New York or in your neck of the woods to spend an evening together, have dinner together.
The Eric Metaxas Show
A highlight from James Lindsay
"To those who visit Mickey D's for their favorite breakfast item and then go somewhere else for coffee, give this Mickey D's brew a second chance. The glow up was real. Try any size iced coffee brewed with 100 % Arabica beans for just 99 cents until 11 a .m. and pair it with a savory Sausage McMuffin with Egg for $2 .79. Prices and participation may vary, cannot be combined with any other offer. Folks, welcome to the Eric Mataxas show, sponsored by Legacy Precious Metals. There's never been a better time to invest in precious metals. Visit Legacy PM investments dot com. That's Legacy PM investments dot com. Welcome to the Eric Mataxas show. We'll get you from point A to point B. But if you're looking for point C, well, buddy, you're on your own. But if you wait right here, in just about two minutes, the bus to point C will be coming right by. And now here's your Ralph Cramden of the airwaves. Eric Mataxas. Hey there, folks. Welcome to the program. Chris, welcome. Hello. Thank you. I I got three things that I want to share. Yeah. Two that I can share. No, I've got I'm going to try to get the third one out of you. I've got to put some true serum in your water today. I've got it. No, actually, I have three things that I can share. First of all, today's guest for both hours is James Lindsay. Ladies and gentlemen, if you don't know James Lindsay is. You you're you it's it's a great joy often for me to introduce my audience to somebody that I think they've got to know who this guy is. They've got to know who this person is. This is a great he's a big deal, and we're going to get him to kind of tell his story of how he was put on the map. And then we're going to get into it's it's it's crazy stuff. But he's he's a very big deal. I met him at some Charlie Kirk events. He's a real genius and absolutely fascinating, fearless. What he did. Well, we'll talk about that, but that's great. It's a great story. It's almost unbelievable hero now. Yeah, I know it made like international news times 20. It was gigantic. This just a few years ago. But anyway, that's today. Finally, we get James Lindsay on the air. OK, that's number one. Number two. Actually, I want to say we've got a lot of crazy guests this week. Nathan Finocchio. Wait till you hear about what Finocchio means in Italian. But Finocchio, Nathan is a friend. Absolutely fascinating. We'll be talking to him, I think tomorrow. We have Gad Saad on the program. Some of you know who that is. He's kind of a big deal. We're going to be talking to some people who've been in Hawaii during this insane fire stuff. Now, yesterday on the program, we had Dick Morris on the program. Some of you know Dick Morris. He's a political legend, political, genuine political genius.
The Eric Metaxas Show
A highlight from John Zmirak
"Welcome to The Eric Metaxas Show. We'll get you from point A to point B. But if you're looking for point C, well, buddy, you're on your own. But if you wait right here, in just about two minutes, the bus to point C will be coming right by. And now, here's your Ralph Cramden of the Airways, Eric Metaxas. Hey there, folks. Welcome to Monday. Chris, welcome to Monday. Happy Monday. Happy Monday. We've got a lot of exciting stuff. By a lot of exciting stuff, I mean John Zmierak. Yes, ladies and gentlemen, the tornado that is John Zmierak will be with us in hour one today. He's like a weekly groundhog day. You know, he comes around once a week on Mondays, usually, and he's got his teeth bared and, you know, it's fun. He's Punxsutawney Zmierak. So we are so we're going to talk to him in hour two today. We have a new guest. His name is his first name is Tho. And you'll notice that throughout the segment, because he's really good. We take we already taped it. You'll notice throughout the segment. I resist the temptation to say so. What's up? Yeah, there's a lot of what's happening, Tho money, Tho problems. So I but I got to tell you, he really is terrific. So he's in hour two today. We got Zmierak. Now, we got a lot of stuff to cover here. First of all, Chris, before I get to the fun stuff, I want to remind our audience that we're doing a fundraiser for Food for the Poor. And it's very important that everyone participate. And a lot of people who listen to this program think that doesn't mean them. And they kind of do this little dodge in their head. And I have to say, you know what? I'm on to you. Oh, yeah. You. Yeah. You think I'm talking to the other guy? No, I'm on to you. I see what you're doing there. And I'm here to tell you, not going to work. You need to go to Metaxas talk dot com. Your conscience will haunt you horribly, horribly if you don't go to Metaxas talk dot com. Now, if you prefer, you can text my name, Eric, to nine one nine nine nine nine. Or you could call eight four four eight six three hope eight four four eight six three hope. You know, Chris, I've noticed that most people go to Metaxas talk dot com and they click on the emergency relief banner. But but a good amount of people text Eric to nine one nine nine nine. So it's interesting that people have their phones. It's easy. They just text Eric to nine one nine nine nine more, you know, gifts. The number is is higher for tax. But the call center seems to have, you know, garnered a little more. Yes. And the call center eight four four eight six three hope.
The Eric Metaxas Show
A highlight from Doug Giles
"Welcome to The Eric Mataxas Show. We'll get you from point A to point B. But if you're looking for point C, well, buddy, you're on your own. But if you wait right here in just about two minutes, the bus to point C will be coming right by. And now here's your Ralph Cramden of the airwaves. Eric Mataxas. Hey there, folks. If you're watching, you can see that I'm back in the studio after four years off, actually wasn't four years off. It needed to be for my mental and emotional health, but it was only, I think, three weeks. But I'm back and I'm I'm feeling reasonably well. We oh, my gosh. Today is Wednesday, in case you didn't know that. And we used to do a thing. Well, we've done a thing over the years where we do like a listener writes. So I got one just this morning and I thought, I want to read this. It's kind of raw, but I want I wanted to read this before I read this. I want to say coming up in the next segment, our old friend, amazing hipster warrior Doug Giles is my guest for our one today. He is unforgettable. If you don't know who he is, hold on to your hat. In our two, we have the former ambassador to Israel, David Friedman, coming on. He is a phenomenal figure, very important figure, and it'll be my joy to talk to him. So Doug Giles, David Friedman, there's great breadth in the guests just in today's show. And but first, I want to read this letter. OK, here's the letter. Somebody named Sean writes, Hey, Sean here. I'm writing you to donate to some of the causes you stand for. I'm not rich, but would like to give to some of the organizations you support that help those in need. I believe there's CSI, an organization where women are slaves and you work with people to get them out of slavery. There's an abortion organization that you've mentioned. Send me a list of who you're involved with. I want to do what I can to help others in need. And knowing the monies will go to where they're supposed to love. Listening to you, to John's Mirack and to your guests, exposing corruption, telling the truth about many things as a believer, as believers, we need to stand our ground and stand against these self -righteous, power hungry Idjits and Idjits is spelled I -D -G -I -T -S, which I believe is correct. Yes, we do need to pray for them also, but we need to let them know they're not going to get away with their stealth, cheating, abusive power. Keep up the good work, Mr. Metaxas and crew. God bless you all. There's a lot there. Chris, Chris Himes, you're you're speaking to me remotely from Maryland today. Isn't that an interesting email for I just said I have to read that because we get so many emails from people who listen to the show and this mentioned a number of things that I wanted to mention. Well, yeah, the word Idjit was not on my bingo card for today. But yet here we are. So I'm glad you lose. But everyone else wins because that the word Idjit spelled that way. It kind of says it all. Yeah. OK, so what one of the reasons I wanted to read what Sean wrote is we do need your help in what we raise money for for a lot of things for Metaxas media. I've got to give, send, go page, give, send, go slash Eric. We've got a lot of projects we're working on and we really need your help.
The Eric Metaxas Show
A highlight from Roger Stone
"Folks, welcome to The Eric Mataxas Show, sponsored by Legacy Precious Metals. There's never been a better time to invest in precious metals. Visit Legacy PM investments dot com. That's Legacy PM investments dot com. Welcome to The Eric Mataxas Show. We'll get you from point A to point B. But if you're looking for point C, well, buddy, you're on your own. But if you wait right here in just about two minutes, the bus to point C will be coming right by. And now here's your Ralph Cramden of the airwaves. Eric Mataxas. Hey there, folks. It's Monday. Chris Himes, I believe it's Monday in your world as well. It is. Happy Monday. We're in the same time zone. It's Monday, August 7th. I have a book deadline this month. I am writing the sequel to Letter to the American Church. I want to be very clear that when I'm on a book deadline, life is a little tough and it's really tough to go from being in Greece on vacation to being on a book writing deadline. It's just a little harsh. So anybody out there who is an intercessor, I covet your intercession on my behalf. This is tough. And also, I take it very seriously in the sense that Letter to the American Church was a very serious book. The sequel is a very serious follow up, because we are in a crisis in America. And it's my contention in letter to the American Church and in this other book. And wherever I speak, that this is an unprecedented crisis. If you're young, you might not realize, but if the older you are, the more you realize that what we're going through in this country right now is unprecedented. utterly We've never lived through anything like this. You have to go back to the Civil War to find something as insane as what we're going through. And in many ways, it's worse because of the cultural upheaval, because of where we are. It's just crazy. And so the other day we aired my interview with Dutch Sheets. He's somebody that I said I rely on as an encouragement to me during these times to get perspective. Same thing with Mike Thompson. Mike Thompson is phenomenal, had him on this program many times. But we're we're going through some some hard things and stuff to process and writing this book, the new book, the sequel to letter to the American Church. It's a real spiritual assignment. I feel that God has given me. And so I ask your prayers. I want to talk. Both hours today about what's going on in the country. About the recent Trump indictment and about my experience with Donald Trump. I had an experience with Donald Trump last week at the end of last week. I was with him. We talked hard to believe I'm saying that, but it's true. And I will give you the details such as I'm able to do in a few minutes. We will also have as my guest today, Roger Stone, who's very close with the president, and he'll give us his insight on where things are. And we'll talk to our friend Kevin McCullough. Some of you know him as votes, Tridamus. And Kevin is always amazing. So it's it's great to be back and to be able to talk to those friends and to get some perspective on what's going on in the country. But before I tell you about my personal experience with Donald Trump, I want to remind you that this month, uh, two things. First of all. If you know about Nutrimedics this month only, they do this once in a blue moon, 30 percent off, if you use the code Eric Nutrimedics dot com. I'll keep mentioning that I use their stuff every day. Half of their profits go to third world missions. These are heroes. Nutrimedics, that's M -E -D -A -X Nutrimedics dot com. 30 percent off of the code Eric this month. Also this month, we're doing our annual campaign, summer campaign with Food for the Poor. It's important that everyone participate. And I'm going to hit this hard until some of you are going to cry because it's the serious stuff. But let me read let me read something to focus you on the Food for the Poor. And by the way, you go to Metaxas Talk dot com to to give. That's the easiest way. But let me just read something. It says researchers at Colorado State University are predicting that the upcoming Atlantic hurricane season season will be worse than average. OK, these are weather experts at Colorado State University are saying that the hurricane season will be worse than normal with at least 18 major storms and several powerful hurricanes making landfall in a number of the 17 countries that Food for the Poor helps with emergency relief. One of those countries is El Salvador, where Food for the Poor's ministry partner on the ground is a woman named Carla. We have a clip from Carla with Food for the Poor who's in El Salvador. Let's play that clip. Because El Salvador ranked as one of the top 10 most vulnerable countries worldwide. So the well -being of the most vulnerable population is always threatened. On a yearly basis, we understand this is going to be a recurring problem in El Salvador. So having your support give us a lot of confidence that we can face struggles and support the vulnerable population without delays. OK, so that's the point. The reason we need you to give now is because they need to be in place so that when these tragedies strike, which they do every year and as we just heard, looks like it's going to be worse this year, that they're ready to go. OK, so in hurricane targets, places like Honduras, Jamaica, Guatemala, other places, so that they're preparing civil defense and emergency relief plans, they're doing that already. OK, these countries are doing that already. But we need your help in this campaign to help make those preparations a reality. We need your money. We ask you to give to Food for the Poor because we believe in them as an organization. So when a community is devastated by a hurricane, or by flooding or another natural disaster, the need is immediate, immediate. So families are left without the most basic supplies. Food for the Poor steps up every time they're a Christian relief organization, but they need you to help them. So you have to go to MetaxasTalk .com. I'm urging you to head over to MetaxasTalk .com now to make a generous gift to help the poorest of the poor in our hemisphere by emergency prepositioning disaster relief supplies in key areas. Food for the Poor can immediately dispatch emergency relief supplies when a hurricane strikes without warning for folks. We don't know where they're going to strike. We know that they will. I just mentioned it. That's why we're doing this campaign this month to get ahead of it. OK, so $100 helps provide emergency kits, including tarps, first aid, hygiene supplies, blankets. $240 helps provide emergency kits, along with many weeks of food and water. But whatever you give, we need your help now. Today, please go to MetaxasTalk .com. Click on the Emergency Relief Supplies banner, or you can text Eric. That's my name. I accept it as my name. E .R .I .C. text Eric to nine one nine nine nine. That's text Eric to nine one nine nine nine. Or you can phone your most generous gift to eight four four eight six three hope. I hope some of you will do that right now because we do need your help. Eight four four eight six three hope again. It's eight four four eight six three hope. And Erica was four eight six three hope. Erica, I was going to mention we're we're raising funds with the other Salem hosts and not that it's a competition, but it's a competition because we get there. Kicking our butt. Yeah, no, I mean, they hate to hate to bring that up. Listen, every day they send us like, how much has your audience given? And I don't know how, but some some of these hosts seem to have a knack for this. Maybe they talk about it all the time. I, I, I don't know how to do this other than to bring it up at the beginning of the hour and mention it throughout the hour. But we just need your help. Folks, what can I tell you? Texas? Yeah, I think it's possible they could be giving to their own shows themselves. And, you know, yes, maybe they're millionaires and they just give out of their own pockets or something to get the numbers up. I don't know. But you know what I will say? I'll say this. I'll say this before I tell my crazy Trump anecdote, which I guess I'll have to do after the break. But I want to say that. We want everyone to give something. So you have no excuse. You can give something, please. These people suffer, OK? And so we partner with Food for the Poor because we just know that they're dependable and helping. But I also want to say that every time I do a campaign, I throw this out there in case there's anybody that wants to give $10 ,000 or more, anybody who can give that tax deductible. Of course, I offer to spend the evening with you. We can have dinner anywhere. You know, if you do that, you buy the dinner, you invite whoever you want. And I just show up and we can spend the evening together. I've met some of the most dear friends by doing this. It's kind of crazy. But if anybody wants to do that, I just put that out there that we will arrange it and we can have spend the evening together. It's a delightful thing. When we come back, I'm going to talk more about Food for the Poor. And I'm going to tell you what happened with Donald Trump and me the other day. Really crazy. Stick around. We're doing a campaign for Food for the Poor. People who listen to this program know that we partner with Food for the Poor. They are total heroes. Food for the Poor steps up because there is always there are always hurricanes flooding other natural disasters at this time of year. So because of poverty or collapse infrastructure in a lot of these countries. By the way, in case you didn't know, America is an amazing country. These other countries do not have a lot of infrastructure. So we need to step up. Those of us who have the ability to step up, I want to encourage you to go to MetaxasTalk .com and give what you can. Let's get a good start. Go to MetaxasTalk .com. Do what you can or just text Eric to nine one nine nine nine. Please do this. Text Eric to nine one nine nine nine or phone eight four four eight six three hope eight four four eight six three. Hope eight four four eight six three. Hope. I'd like to tell you about a stunning new movie called The Hiding Place. The Hiding Place takes you on a journey back to World War Two as the boots of the Third Reich echoed through Europe. One family chose to resist in this incredible true story loved by millions. Corrie ten Boom and her family risk everything to hide hundreds of Jewish refugees from Nazi invaders, and they ultimately face the consequences when they are discovered. The Hiding Place is an inspiring story of faith, hope, love and forgiveness in the face of unthinkable evil written for the stage filmed for the big screen Broadway world called The Hiding Place. Stunning, powerful and deeply moving. Don't miss the story of a brave woman who impacted generations. This global cinema event opens in theaters only August 3rd. Showtime's are selling out fast. Get your tickets now online at the hiding place film dot com. That's the hiding place film dot com. Get your tickets now online at the hiding place film dot com. That's the hiding place film dot com. Check it out.
The Eric Metaxas Show
A highlight from Dutch Sheets
"Welcome to The Eric Mataxas Show. We'll get you from point A to point B. But if you're looking for point C, well, buddy, you're on your own. But if you wait right here, in just about two minutes, the bus to point C will be coming right by. And now here's your Ralph Cramden of the Airways, Eric Mataxas. Hey folks, welcome to the program. I got to tell you, Chris Himes, I'm talking to you. Hello. I am very angry today. I have to say, it's rare that something hits me the way this indictment of Trump last night, yesterday, is so sick and so evil. Everything before has been sick and evil. What they've done to him, the way they've treated him, really the way they treat the American people. The way these self -appointed leaders treat the American people. But this last indictment from yesterday, over January 6th, is deeply despicable. It is objectively wrong. And the worst part of it is that Mike Pence, this is the worst part for me. The former Vice President, Mike Pence, came out with a statement utterly shameful, utterly shameful and really despicable. Basically that saying Trump, as he said this before, but not quite so strongly, that Trump had asked him to choose between the Constitution and between personal loyalty to Trump. That is such garbage. I have not spoken so strongly because at one time I thought of Vice President Pence as a friend. But this is beyond belief that he would say something like that and say that somebody who would ask you to choose between the Constitution and personal loyalty to him, which, of course, is made up garbage, that that person should never be president. Just the lack of loyalty to Donald Trump. Nobody would be even mentioning Mike Pence ever if he had been chosen by Trump to be Vice President. So it's kind of astonishing that he wouldn't give Trump the benefit of the doubt and that he would cast things this way. But I have to say it's pathetic, but it's worse than pathetic. It is it's a it's a grievous thing when you think of someone like Mike Pence, whom I always thought of as a basically good man for what looks like political calculation, say something like this. So his political career was already dead. Maybe he was trying to resurrect it by saying something like this. But to get to the real issue, what's happening to Donald Trump, this is being done to America and to the American people. This is not being done done to Donald Trump. He is just the figurehead, the person that they know if they don't get him out of the way, they can't get us out of the way. And by the way, that's what Donald Trump himself has said many times. I believe firmly that the truth will come out, that Trump will be vindicated.
The Eric Metaxas Show
A highlight from Casey Diaz (Encore)
"Welcome to The Eric Mataxas Show. We'll get you from point A to point B. But if you're looking for point C, well, buddy, you're on your own. But if you wait right here, in just about two minutes, the bus to point C will be coming right by. And now here's your Ralph Cramden of the airwaves, Eric Mataxas! We have an amazing guest today, an amazing, miraculous story. Don't leave whatever you're doing, because this is one of those stories. I'm sitting here in the studio with Casey Diaz. The book is The Shot Caller, A Latino Gangbanger's Miraculous Escape from a Life of Violence to a New Life in Christ. Casey Diaz, welcome. Thank you for having me. You have an I mean, the life of violence doesn't do justice to your story. I mean, it's worse than I mean, a lot of people had a life of violence. You're talking a life of extreme violence. So I want to get your story. Where do we start? Where are we like? Where do you I mean, when did you come to tell the story of coming to America? How old were you? I was two years old. Two. All right. So we're not going to get a lot of details. You were two, right? Yeah, exactly. But came here from El Salvador. OK, and you came here as an illegal immigrant? No, legally. You came as a legal immigrant from El Salvador when you were two? When I was two, yes. OK. And we settled in what's called the the Rampart District of Los Angeles. Yeah. And my aunt lived in South Central L .A. So we moved back and forth in the beginning stage of me coming here. OK. And you got involved in violence extremely young. Tell us the story. I was 11 years old. You know, it was at a time where kids were still playing outside baseball and football and a lot of outside outdoor activity. But the only element with me was that my folks with my mom, you know, she worked as a seamstress in downtown Los Angeles. So she'd leave at four in the morning and then wouldn't come back until around 10, 11 at night. And then my father, who was never working, he was always out there. And, you know, he'd be selling weed out there. And your father was selling weed. Yeah. Wow. And, you know, the drug epidemic in the 80s in Los Angeles had just started. So so here's a young boy being left essentially unsupervised. And that becomes the danger in and of itself. So your father is pushing drugs to make a buck and you never see him. Very dramatically different story from your mother, who's obviously working too hard. Yeah. So at what point do you go into gang to being a part of this gang with a violence? I was introduced to the gang culture at 11 years old. Gang started move in it. You know, you start becoming aware. And I was introduced to to this particular gang by one of the guys that we hung out outside. And I started to notice that, you know, cars would come in, pick them up. And then I had some questions and I asked those questions. And, you know, he gave me a little brief description of what a gang was, what it involved. And it lured me in. It became a false sense of family that I didn't have at home. You know, you hear this over and over and over that it's like a family, that people are looking for something. They don't have it and they find it in the gang. So what do you do at 11 or 12? I mean, what what you know, you're you're a kid at that point. What happens? Unfortunately, there was a gang leader that took me under his wing for whatever reason. He took a liking to me. And so here you are at 11 years old, hanging out with a very popular gang leader of this gang. And he takes me to my first, you know, stealing of a car. We do some things, you know, and and one event is what started to. Really everything. change We went and we what we call jumped a rival gang member. And basically we were in a stolen car. We went and looked from found him and assaulted him. And he ended up stabbing the guy and then gave me the screwdriver and said, your turn. And that was my first stabbing at 11 years old. You were 11. Yeah. And you didn't do it with a knife. You did it with a screwdriver. Screwdriver, yeah. What did that do to you? Sometimes at that age, you're so young that you're not sensitive the way you are when you're older. I mean, did it how did you feel? Well, you know, in my home, there was a lot of violence to start off with. My father was extremely violent. He beat my mom. I mean, there was not one week that my mom was not beat senselessly and left in a pool of blood by the hands of my father. So I saw that. And at eight years old, I saw I witnessed a triple homicide right before my eyes at about 20 feet away at eight. Yeah. Three men were gunned down in front of me. All right. So you're 11 years old. You're being initiated into murder, violence. I imagine if you start there, it doesn't get better. It doesn't. You know, little by little. I started to be led by this gang leader and just the popularity that he had almost came upon me. Here's you know, I think it was looked at as oh, look at here's this little cute little gang member. He's 11. And so everybody starts to kind of, you know, pat you on the back and and validate you. And that's what the streets will do. If you don't have any validation from your father, from a good leader in society, someone is going to validate you. And for, you know, in places where it's poverty stricken, the streets will do that. A gang leader or a drug dealer will do that. So you make it sound like I mean, this is sort of the typical story and it's such a horrible story. But you hear this so much that in a way, it's either an absent father or a violent father or a father who's violent and absent. And it seems like you were set up almost. Yeah. Right. I mean, where else are you going to go? That's where those that's where those kids go pretty much. Yeah. So so how does this develop? I mean, are you you know, at what point? Well, let's let's get to the point where you're arrested and all this, how did things developed so that you get arrested so young? Well, you know, I think that once you start to get used to a certain kind of lifestyle in anything, it becomes normal. And for me, violence became the normal. And so, you know, from me, particularly in the stabbing and 11, a craving started to happen within me and I needed to go out there. I wanted to go out there. I saw what it did in the in the eyes of other gang members. I saw the fear that it was bringing. And that crave also, you know, jumped over and I just needed to do that. And it became an everyday thing where I went out there and sought after gang rivals and did whatever I needed to do. So you and you enjoyed the violence? I did. And how old how long does this go on for? For a period of about five years until I get arrested at 16 years old for a gang related murder. OK, so you now I'm imagining that you were involved in a number of murders before this, but you had not been caught. I had been all over the place by this time. I've stabbed many other rebel gang members. Yes. And so you're arrested. What happens now? You're 16. I'm 16. California is about to try a little thing where they want to try to see how young they can convict youthful offenders and try them as adults. And so I was in the very early stages of that of that experiment in law. And so what they initially did was if you were convicted and tried as an adult and found guilty, at first they would send you to what's called the California Youth Authority. They sent you there and then they would evaluate you like the California Youth Authority can hold you up until 25 years old. And so they could do that. But in my case, I was in there for a 90 day observation to see if they you know, if there was any kind of rehabilitation that could still take place in my life. But I was found while in there strangling another rival gang member. I almost killed him. And for that reason, I was sent. I was found not suitable for that kind of environment.
The Eric Metaxas Show
A highlight from Ricky Skaggs (Encore)
"Welcome to The Eric Metaxas Show with your host, Eric Metaxas. Sometimes you have the privilege of having a guest on the program who really is what we call a legend. And I never would say this if he were here because I wouldn't want to embarrass him, but the person that I'm going to interview in a couple of seconds, some of you know all about him. If you don't, you will very soon. His name is Ricky Skaggs. He is a legend in the music industry. He has 15 Grammy Awards in 1982. He was the youngest member ever at that time to be inducted into the Grand Ole Opry. When he was six years old, the father of Bluegrass, Bill Monroe, picked this six -year -old out and said, would you play for us? He went on to become a seven -year -old playing with Lester Flatt and Earl Scruggs. There's videotape of it. In 1971, when he was still extremely young, teenager, went off to play with Ralph Stanley in his band. By about 1980, country legend Chet Atkins credited him, my guest Ricky Skaggs, with saving country music. Have you heard enough? He has played, performed, produced with Barry Gibb. Emmylou Harris in the 70s produced Dolly Parton, worked with Bruce Hornsby in the Amana Radar range. In 2021, the President of the United States gave him the National Medal of Arts. Again, I wouldn't say this if he was here in the studio, but he is a legend. And I'm very embarrassed to say I think he's right here in the studio. I never would have said this, Ricky, if I knew you were sitting here. Ricky, my new friend, welcome. It's great to be here, Eric. I was sitting there listening to you make all these nice things, and we could be talking about all kinds of other things. So anyway, I appreciate it, and you're a man of honor. I made a lot of this stuff up. I just want my audience to know this couldn't be true. So I'll have to live up to the things that you said. When you were six years old, now, you know, you're in your late 60s now. So when you were six years old, which would put us back about 1960, you played with Bill Monroe. That is very hard to comprehend. I know my dad bought me a mandolin when I was five. And so I learned, you know, why do you do that? I had been singing in church with him and mom since I was like three years old. And this is in old Kentucky. In Kentucky, and we would sing songs together at home. And then when we go to church, we'd get up and they would set me, literally set me on the pulpit, and I would sing harmony with mom and dad. They would set you on the pulpit. Yeah. See, up here, we'd say, put you up on the pulpit. But down there, they would set you on the pulpit. That sounds better. That sounds more American. But you, the reason I'm saying this is you obviously at that time already had a gift for harmonizing. You could hear and sing. And so they knew that they needed to encourage you. So your dad at age five gets you a mandolin. And already at age six, Bill Monroe is taking notice of you. Well, mom and dad and I would play at church, like I said. And then dad and I would go to this little local grocery store there in Blaine, Kentucky, and they would set me up on the pop case, you know, that had that. So it wasn't a pulpit. It was the pop case. That's the marketplace version. Right. Yeah. So I was getting I was getting my teeth ready for the marketplace back then. But I would sit and play and sing and people would want to get a Coke. So I'd have to scoot over and they, you know, it was a double door. And look, you were so cute. I saw the video of you I saw with flat and scrubs, which people can look up on YouTube. But I mean, you were so darn cute at age seven. And when he says, what's your name? You say, Ricky Skaggs. It's so cute. It's unbelievably cute. But even cuter is the song you sing. Because for a seven year old to sing a song about a broken heart and a woman who left me is funny. Yeah, I didn't understand those things back then. I just liked the song and the song was Ruby. Are you mad at your man? Ruby. Oh, Ruby. I mean, to hear you mad at your man and the 70 year old singing it while he's playing. And that's what I sung with the Bill Monroe thing. You know, it was a hit. Are you mad at your man? You know, the neighbors in the hood at this little high school for Bill Monroe was playing. And you know, they started shouting out after half hour, Mr. Monroe's set. They started shouting out, let little Ricky Skaggs get up and sing, you know. And my dad didn't plant these people, I promise you, you know. And anyway, I didn't even take a mandolin with me. So the irony of the whole thing is that I had to play this size mandolin. You had to play. I had to play his mandolin. You played Bill Monroe's mandolin when you were six years old? Six years old. And I, you know. Not many people can say that. He took the strap around and, you know, wrapped it around the curl here so that it would fit me. Right. Set it on me. And I said, you know, they said, what do you want to do? And I said, Ruby. And so it was a popular song by the Osborne brothers, Bob and Sonny Osborne. And so away we went, you know, and you know, no mistakes, no, you know, I didn't flip out, didn't faint or anything, fall on the floor, didn't drop his mandolin. Well, you were too young to be self -conscious, probably. Yeah, I didn't know what that was, you know. If you were 11, you would have just freaked out. I probably would have. But he sent me back off stage and then did his big famous Mule Skinner Blues just to rat me, show me up. No, I don't know that for sure. But I just, you know, the crazy thing about that is when I became a member of the Country Music Hall of Fame, they wanted me to take out of the, they got some, some instruments in a place in the Country Music Hall of Fame Museum called the Precious Jewels. They have Earl Scruggs' banjo. They have Maybelle Carter's famous archtop. What? They still have that? Yeah. They have Bill Monroe's F5 mandolin in the case, so they took it out for me. Do they have Mother Maybelle's tortoiseshell combs? Maybe. I'm just kidding. But I mean, who knew that? Unless you're sitting here, I wouldn't know that they would have these objects. These are like sacred relics. But they let me play that same mandolin that I played when I was six years old. He kept that mandolin all his life. He got it in 1945, found it in a barber shop in Miami, Florida. Of all places, you know, to be in Miami, Florida, walking the streets, just out walking around, and happened to look in a barber shop with thousands of barber shops in Miami, Florida. So Bill Monroe found it in 1945. And went in and bought it for $200. And used it for the 15 years until he met you. Then he lets you play it. He keeps playing it, and today it still exists. Yeah, it does. And was busted up, and still, you know, Gibson put it back together meticulously. But it's amazing. And it just brought back so many memories. It almost closed a door, or closed a season of my life, you know, to play that mandolin at six years old, and then get to play it again, going into the most famous, you know. When did they induct you into the Country Music Hall of Fame? 2018. So they waited way too long. Shame on you. No, it's almost funny to me, because it is, you know, you, listen, if in 1980, Chet Atkins, the legend, you know, credits you with saving country music from the commercialization that it was undergoing because of the urban cowboy fad and John Travolta hiss. But it's just kind of funny to me, because you've been in this world, you know, forever. The idea that you were playing with Ralph Stanley, when you were just a kid, what was it, 1971, so you're like 17, were you still in high school? I mean, you're still in high school. Yeah. Did you graduate? No, I wanted to go to the Stanley School of Music, so I wanted to stay. We started, Keith Whitley and I started when we were 16, and played the summer with Ralph, and then we had to go back to school, and, you know, Ralph wanted us to go get our education, and I thought, man, this is the education I want right here, you know. I think a lot of people understand. Folks, I'm talking, in case you're just tuning in, this is Ricky Skaggs sitting here, we will continue the conversation on all kinds of subjects, don't go away.
The Eric Metaxas Show
A highlight from Michael Wilkerson
"Okay, let's get this cavity filled. Uh, doctor, I think your tank is leaking laughing gas. Gas? Did you hear you can save on gas at BJ's Wholesale Club? Wait, you can save on gas at BJ's? Yeah! Members save on everyday low gas prices! You gotta be kidding me! Nope, these savings are no joke! BJ's. Absurdly simple savings. Shop today. Not a member? Go to BJ's dot com slash simple savings. Folks, welcome to the Eric Mataxas Show sponsored by Legacy Precious Metals. There's never been a better time to invest in precious metals. Visit Legacy PM Investments dot com. That's Legacy PM Investments dot com. Welcome to the Eric Mataxas Show. We'll get you from point A to point B. But if you're looking for point C, well buddy, you're on your own. But if you wait right here, in just about two minutes, the bus to point C will be coming right by. And now, here's your Ralph Cramden of the Airways, Eric Mataxas! Hey folks, welcome to the show. Uh, it's a fun variety show with singing and different acts. But today I'm just going to be interviewing a friend of mine, Michael Wilkerson. Mike, uh, you, uh, write frequently, I guess weekly now, at stormwall... Stormwall dot com. ...dot com. Stormwall dot com. I want people to know, out of the gate, stormwall dot com. But, you've written a book called Why America Matters, The Case for New Exceptionalism. I want to talk to you a little bit about that. We've talked about it in the past. It is a magnificent achievement. I have read every word of the book, and it really is an extraordinary book. It's called Why America Matters, The Case for New Exceptionalism.
AP News Radio
Debt limit deal heads to vote in full House while McCarthy scrambles for GOP approval
"The debt ceiling and budget deal worked out between House speaker Kevin McCarthy and President Biden has advanced to the full House, where a vote is expected Wednesday. I'm Ben Thomas with a look at its progress. The House rules committee voted 7 to 6 to advance the bill, chairman Tom Cole, an Oklahoma Republican calling it a product of compromise. And reflects the realities of a divided government. We shouldn't allow that to overshadow what this bill accomplishes. It would restrict spending for the next two years while also suspending the nation's debt limit during that time, and the nonpartisan congressional budget office says it reduces deficits by $1.5 trillion over the decade, but South Carolina Republican Ralph Norman also a member of the freedom caucus was disappointed. We had a real bill that was going to make a difference. We did in the original bill. This being watered down is completely takes the teeth out of it. And I see why the Democrats vote for it. I see it now. He and Texas congressman chip Roy, who earlier in the day, said not one Republican should vote for this deal. Join Democrats in opposing the bill's advance. Ranking Democrat Jim mcgovern of Massachusetts accusing the GOP of weaponizing the debt ceiling, saying it's a precedent that will forever haunt the nation. One party can use the full faith and credit of the United States as a hostage to pass their widely unpopular ideas. Adding, someday, hopefully not in my lifetime, but someday there will be a Republican president. And you will remember this moment because what you are trying to do is get things enacted that you could not get done through regular order. Ben Thomas, Washington
AP News Radio
Teenager walks at brain injury event weeks after getting shot in head for knocking on wrong door
"Weeks after being shot in the head after knocking on the wrong door, a teen has joined others to bring awareness to brain injuries. I Norman hall. Ralph jarl of black teenager who was shot in the head and arm last month after mistakingly ringing the wrong doorbell, walked in a brain injury awareness event Monday in his first major public appearance since the shooting. Jarl, who is 17, suffered a traumatic brain injury when he was shot while trying to pick up his younger brothers in April Andrew last year in 84 year old white man is accused of shooting y'all. Jarl walked with family friends and other brain injury survivors that going the distance for brain injury, a yearly Memorial Day event in Kansas City, his aunt says Gerald has debilitating migraines and balance issues. I Norman hall
The Ralph Report
"ralph" Discussed on The Ralph Report
"Shannon where everything is still lost on me. I used to watch what i was a kid. Everybody did bobble they. They broke at the right time. And that time of phenomenal obsession about fifty anesthesiologist. Would they were in greece. Greece's kind of made them a big to that show. They were on just for the american graffiti. Happy days. I mean it was just the right out of them to be doing then. They started that. Stick in the sixties of right out of the fifties. They were at woodstock at shiloh nausea. Nah motherfucking nabi played woodstock so they paid their dues before they got their break. That's for sure. Sam neill seventy-four can wait for that new Movie yeah hey. Mary crosby star of ice pirates and of course dallas. She shot jr spoiler immune to ruin his. She sixty two today. Melissa leo oscar winning actress who played my wife in red state. Sixty one years old actor. Walter kanungu we started checkup. Pablo check off of us. Eight thousand five hundred. Sold the bay. Where nuclear wessels spear looking at a wessels. Could you tell me you bet. We're looking for the naval base in the you. Where the nuclear wessels new. I don't know the answer to that. I think it's across the bank in alameda. That's let me let me. The killer wessels steve berlin saxophonist for the great band. Los lobos is sixty six years old today. Only fools icon producer. Actor director tyler. Perry is fifty two years old today. You can't take away what he's accomplished or the empire basically his his work is not for me. I'm not the audience for what he produces it but he is a force of nature and must be paid attention to an honored. He does good stuff with the money he makes. Yes for sure he's well he's a good humanitarian as fifty two today. Kimberly williams peasley married to brad paisley the country star. She was star before him. Though kimberly williams she was in father of the bride. And according to jim out actress. Fifty today andrew lincoln from the walking dead is forty eight and morten harket. Morten harket lead singer of allah from norway. Sixty three years old today malls hurt. That's all that's today's celebrity birthdays. I'm ralph garman. I walked the show and on tuesdays. We turn on the tv here. We go you know a.
The Ralph Report
"ralph" Discussed on The Ralph Report
"I read somewhere online years ago. That apparently the original artists for power girl kept increasing the size of her breasts until finally one of the editors caught one day and said hey we stop not that you gotta you gotta relax so the final outcome was as big as he got him to job without being noticed all right now. That story sounded apocryphal to me. That's on the internet. It's got to be true. So i did a little research and it turns out writer. Jimmy jimmy palm. Yati who wrote power girl told that story. Here's the exact quote okay when the character was created. Wally wood was the artist that drew power. Wally wood appropriate and he was convinced that the editors were not paying attention to anything he did so his inker said every issue. I'm going to draw the tits bigger until they notice. It took about seven or eight issue or anyone was like. Hey what's with the tits. And that's why they stopped true story according to jimmy paul miata reports that tomorrow and you know we like to play upbeat music on every episode to make your day a little bit better. We call them are happy. Hits ben called him with his. Hey ralph andy how you guys doing. It's been in the valley So i know you don't you haven't at least repeated happy hit but i just after hearing yesterday happy hit or should i say. Today's happy hit I wanna be like you performed by the one and only ralph garman thank you. I think that my happy. Yeah and the gardens. Happy hit yeah for today..
The Ralph Report
"ralph" Discussed on The Ralph Report
"Trilogy other. People would say this..
The Ralph Report
"ralph" Discussed on The Ralph Report
"Bye. Everybody look at your pants from. We.
The Ralph Report
"ralph" Discussed on The Ralph Report
"Would sound how as always on mondays we kick off this segment with a phone call that contains a joke were merciful monday. Hey ralph and this is ben from atlanta joke all right. Where your mirth monday great. What's the difference between an epileptic oyster easter and a prostitute with diarrhea. Jeez i don't know the oyster you shuck between fit shucked fits the prostitute would be the opposite that it would switch the letter exactly there in lies the humor on this merciful monday. Speaking of myrtle. Monday speak comedy live on stage. Comedy over the weekend. I see that on. Social media does in the long beach factory on a friday night. I had some garment workers came out. We had a good time. It was fun good times. Did they have a good time. That's what matters. I don't know whether you had a good time at a good time. They may or may not have once again on stage at a comedy club. What what were the conditions under which people were enjoying themselves. It was a free for all. It was a land mass. I mean he had to be mass walking in but when your table he took your mask off. A couple of people had their mass requirements vaccination. I don't know. I know. I think the dice i see. I know the comedy store here in hollywood. I believe the improv. In hollywood require back i believe they do but that one club long piece the wild west down there. Lbc speaking of comedy. Also you want to get a quick plug for your show coming up on friday night this coming friday. I'm doing a fundraiser date. I forget what the name for parents of blind children. You gotta get sprung it on me. It's a thing we've been talking about. We're not for a week and a half. No no your plugs can. Hey friday night. Seven o'clock pacific time I gotta find out. Post the website i will do. I will do the research. And then i'll send it out via pantheon. Prepare if a link for folks who want to get tickets but it is Raising money for parents of blind kids here in southern california. It's a very good call. Eddie pence is going to be the virtual mc and headlining comedian of the event. But there's gonna be music involved w entertainment a big time. It'd be a couple of hours jumped on a friday all virtual. So you don't have to leave your. How go earn. is you so We'll send that all those details lies. I mentioned a lot of people. Were listening to the show. While we're gone and joined the flashback episodes. It was as you know. I do the flashbacks. It is the day that the episode aired same day right but a different year right and a lotta people listening to the early shows like ryan noticed this and called in. Hey this is ryan syracuse. Just call to give all of l. a. gilbert these flashback. Episode is really fun. You can definitely hear the audio. It's just so different to sounds so much better nowadays later or the older shows but the episode sound so great told episodes without gilbert is like ninety day so why club helper. You're the van. He is indeed the man a lot of folks mentioned they're like wow the sound of so much cleaner on the new shows. And that's because we have a professional at the helm now instead of a hack like myself doing a doing my best the midas touch but the thing together so absolutely gilbert flora's who does not get enough love for all the work that he does or the garment and the row report sending out much love gilbert. Thank you making the show so much better. We appreciate that any pants mentioned has a tenuous relationship with the english language whether he gets a wealth on his head after. He's been hit or eaten asparagus. Something's all the rave you never know what's gonna come out of his mouth. We call them. Eddie 'isms and you folks are calling in outing yourselves with your own eddie. 'isms hey ralph brian here. And i've got an eddie ism for you good back when i graduated from ucla In english i had my parents over to my apartment to celebrate. And i thought i buy a fancy box of wine and i was familiar with wine a little bit. I knew chablis. I knew cabernet-sauvignon i'd never heard of this type of wine called shalaabi ilab way read My parents came over. And i'm trying to impress them. I said dad. If you ever had shalaabi lay it turns out that it was syllable cheap red wine and they recommended you chile before drinking. She'll salable red wine. Play major in english. Fuck fuck indeed. Shalala play as in not so lobley read. Have you would like to try some to lobby rat. It's a new. A new vintage served cold. Listen once you're going out for a box of wine you gotta assume you're not getting anything special. There's no french words on their fuck. Fuck indeed and we like to entertain you every episode with some upbeat music. You're on the ralph report something to make day a little bit brighter. We call them are happy hits. Here's today's pick. He routed at this shack liver. Four star general from madison wisconsin. Calling about my happy hit. Which for the longest time. I thought went. You can dance. you can dance. Everyone look at your pants. And even though i know that is not the lyrics. Now i still to this day every single time. I'm talking about the safety by men without hats and if you could play really appreciate it all right.
The Ralph Report
"ralph" Discussed on The Ralph Report
"Live tyler's forty four and singer. Deborah harry of blondie is seventy six years old. Today gives me a great excuse to play one. Not only when my favorite blondie song but one of my favorite songs ever.
The Ralph Report
"ralph" Discussed on The Ralph Report
"Roy probably around that. It's not all cash deal. All right stiegler today. Celebrity birthdays all these stars born on july first. Starting off with victor willis. He was the cop in the village. People i think maybe he still is. He is celebrating his seventieth birthday today. Here's a song. They play every time. By the way. That steve ashton goes to the gym. You have that on your playlist. When you're listening to music and working out i do but mainly mainly sweet about the jim. Ryan is a hierarchy right. So if a big guy comes in who's lifting weights they all of a sudden become the king of the gym. But sometimes whether it's not many.
The Ralph Report
"ralph" Discussed on The Ralph Report
"Have been waiting..
The Ralph Report
"ralph" Discussed on The Ralph Report
"Game little of the solo version from season one. And you know it's funny. It's an urban legend. A lot of people think alan thicke wrote the theme song to growing pains zero so many other. But he didn't do this. One did facts of life. He did his late night. Talk show that the theme song actually did better than the show thicke of the night. Different strokes was also his. But the show's creator. Neil marlins picked a professional songwriter named steve. Dorf who is the father of Stephen dwarf of dorf the actor He did a lot of music for Country artists mostly wrote for kenny. Rogers and others. They asked him to write the theme song and he wrote as long as we've got each other it was his relationship with. Bj thomas they got bj. Sing it on the show. And as steve mentioned jennifer warren's came in she is known for her duets. She did Time of my life with The guy from the righteous brothers or Dirty dancing also did up where we belong with joe cocker. She came in to do a duet version. that's the version. Almost everyone recognizes immediately. Here it.
The Ralph Report
"ralph" Discussed on The Ralph Report
"That was congenial and fish. Lips taken the stage and the crowd of other dozens on hand to witness it. Some of them were filming him and he didn't care for it. Here's years old kid himself losing his shit. He's a charmer. He's charmer that richie. He's actually treating his his couple of fans that way that's terrible and.
The Ralph Report
"ralph" Discussed on The Ralph Report
"Every two months going. You should other prevents heart attack and is it and they're saying we've done all the research. There is no amount of alcohol that we can recommend. That helps your health in any way. It's all poisonous right. They all did hurts your brain and your liver and your heart. And it's all. I've bad america's people but like there's no alcohol is better than any alcohol. That's what these doctors. That's the science. Behind which i say buzzed. Low me because that may be true. But here's the thing kids. I'm going to end up just as dead as the people who don't drink. And then those fading flickering moments of consciousness. Who's going to look back and say i. Well i had the shit i. I had some good times. I think i did my father when he was diagnosed with brain. Cancer turned to me at seconds after diagnosis. I'll never forget this. Because i would have been a blubbering mess. In a fetal position on the floor of the hospital he turned me and said i had a great time. And i said if you can say that about your life when facing the end and you did you win and you know what makes me say. I had a great time. I liked to drive. Had a great time without likes to drink. So name. Your poison eddie pants. The milk or water. I love me.
The Ralph Report
"ralph" Discussed on The Ralph Report
"It at.
The Ralph Report
"ralph" Discussed on The Ralph Report
"Guy who worked with the the guy the patch. I get them confused. His name was pat is literally patch. How could you get like. Why would you be like all those with it. That's a soap opera. That's why you're soap opera edition. Apparently i'm not gonna have to be a so pack. Also all right or jay leno either way. What about the no. There's nothing by bocskai. The move now that nothing. I should quit. I need to find a job. It's a numbers game. Just got to keep at it right. Never quit and they let him never let them take your dreams away from you. They're already gone like susie. Quattro said singer susie quattro seventy one years old today before there was a joan jett for.
The Ralph Report
"ralph" Discussed on The Ralph Report
"And lastly raphael nidal spanish tennis player born on his nineteen eighty six. He's one twenty grand slam singles hails. Thirteen times he won the french open. He can play some tennis. Play on clay. there is a clay. Is that the one. French is on clay. I think the clay one. Because wimbledon his grand grass opens grass. I don't think french's. I don't know much about the professional world of ten. I don't either. But i know he's he's good all right. At this point we find someone who was born on this day throughout history. Finally food related to that person and we see if any pence will eat it or perhaps stick it up his ass and pull it out. How do we do that. Well it's with the patented epipens jackpot slot machine. We talk about the food. Then we pull the handle and we watch where the reels land if they all come up and they match jackpot eaten food. However if they're all mismatched not going to go for. It used that sound for lunch and mondays with cicadas masterpiece. All over the place. You won't you're gonna. You're gonna man up faith on this day. Nineteen thirty gentlemen named joseph harden columbine was born kay he was the founder of a little grocery store chain in nineteen sixty seven that went on to take over the world trader. Joe's joe hardin column. B. was the creator of trader joe's grocery store chain in one thousand nine hundred sixty seven. Where would we be without trader. Joe people love that will love train on shows and while the one thing is if he wasn't born to be alive yeah parking would be a lot easier. In the malls like trader. Joe's exists there is not a good. Why don't make more pithings joe. No you ever tried to park in a mall or a mini mall. There's a trader. it's impossible. There's costco parking. Lots and trader joe park. I've seen both called the blows over spaces for training. It's a night heather in that. I love their food and so do a lot of people at pants in fact every year trader. Joe's has what they call their customer choice awards where they highlight the most popular products across eight different categories offered by trader joe's and then the overall winner becomes the most popular trae joe product among customers that year not surprisingly for multiple years. It has been this particular food. You're any yes me all right that two buck chuck. Let's not only know. Why wouldn't you wind. Because i know you know i just wondered but this food offered by trader. Joe's parentally the most popular food offered by trader joe's trader. Joe's mandarin orange. Chicken is number one most recently in the twelve. Th annual trader. Joe's customer choice award once again voted the most popular item. That trader joe's sells tender chunks of juicy chicken and crispy breading coated with the house maid sauce of fresh california. Orange peels fresh ginger. Fresh garlic fresh green onions and soy sauce. Oh my god. The mandarin orange chicken from trader joe's. I like to eat it but it's not about me. It's about eddie pants. Would he eats the most popular foods sold at trader. Joe's everybody likes it. Let's see if edie pence does mandarin chinese chicken with pull that handle here. We go one man. Two men voice with orange peels right. Which is what. I gave you right but those were bad. Those are nasty just eating the orange bills alone you if you have with chicken sauce. It's all mixed together. You don't know what you're eating so the key for you is just for you to be ignorant just for new not new. That's why i'm saying if it was ninety. Nine percent chocolate and one percents keta. There probably wouldn't be an issue here but since it's about eighty five percents of what it looks like. There's going to be an issue. Well look at that. Eddie pence eating something that he wouldn't eat otherwise a piece of it usually if there's an ingredient here that eddie re reject than it's just Get the jasmine rice. They have their trader joe's and mix it with the talk. That's good. it's all good. Go boys girls are new thursday segment born to be alive. See upbeat there. You go about birth and success people who are gave to the world exactly except for that. Jefferson davis yeah asshole fucker. Hey there it's ralph garment here. I hope you're enjoying the show. And if you are why. Not subscribe to the ralph report so you can hear it every day monday through friday for just fifteen cents a day you can be a one star general supporter and that will get you the show in your ear holes monday through friday. Of course there are two three and four star general levels as well which gets you more bonus content more access to me. So if you like what. You're hearing why not subscribe go to patriotdepot dot com slash the ralph report that's p. a. t. r. e. e. o. n. dot com slash. The roth report subscribed today. So you don't miss a thing all right. Let's take a look now the entertainment news with a segment. I call the showbiz. Beat this is bad news. Have following this band. Marge era story. I have not one of the original members of course of the jackass franchise. He was booted off the set of the most recent jackass film because the one requirement they had of him trade was that he stays sober and he did not follow request and so they gave him a boot and now he is going off on people connected with jackass. Most visual visibly going after johnny knoxville. But also the longtime director of the jacka ask franchise jeff tremaine and now jeff. Tremaine as well he. He applied for and now has received a restraining order. Marge because bam's threatening him his wife and his kids. Ooh saying if he doesn't write him a big check for his participation in the jackass franchise that well let me just read you. What one of the notes read terrified. Look at your children and grab your pocketbook and write a check. Oh my god if you are greedy and cheap look at your children again. If you don't sign the paper look at your children. Sign your stupid fucking contract before. You're not safe anywhere. He wrote threatening legend. He's put away Very sick yeah. That's what i'm saying he's got. He's got a mental health issues and he's got serious sobriety issues and he needs a lot of help but understandably jeff tremaine is concerned for his well being. I mean that's fuck around when it comes to know. I was so saddened by reading. This looks like chris. Harrison won't be returning to bachelor in paradise this summer. chris harrison has been a bit of trouble with the bachelor franchise ever since he sort of suggested that one former bachelorette.
The Ralph Report
"ralph" Discussed on The Ralph Report
"Young. Great people throughout history will celebrate the day of their birth k. On born to be alive. I knew -ment i like it so let's kick kick it in on this day. June third in seventeen twenty six james hutton. Scottish geologist was born in edinburgh scotland. He's the father of modern geology. That's boring not boring. He formulated the theory of the earth. Okay he was the first person to suggest that the earth is millions of years. Old is pie for that. He was he said if you look at rocks. They must have been formed through cycles of a natural process over. What's known as geologic time. Which is eons pass He said rocks on mountains may have been formed in the bottom of the sea. That's how long it takes for these these formations to come up and arise older much older than man whenever he was killed so he was the guy who came up with idea that the earth is millions of years old until he came along g. Jesus made it in a week. Those people ruled the world. So he's a pretty big deal. This is as is manuel. Belgrano he was born on this day. In seventeen seventy. He's an argentinean politician. Who was responsible for. The independence of argentina created the flag of argentina. What's that look like. It looks like a fly cloth colors. Okay so like all flags gosh. I don't know what particular the thought if it's a big deal to state that he created the flag ins. i'm not an argentinian. Pretty flat. But i know we have argentinian army member. I wanted to talk to them. About the manuel belgrano. His last words upon his death. Eddie pens oh shit. No i partly a mea. I partly me. He said was who's gonna his dad. Now oh my country own country. I'll treat me until his death. He was still thinking about argentina. Okay now see. I'm really focused on his country. He loved his country. If cicadas started to swarm in his country he'd stand up and he died eating. Cicadas fight them. Seventeen seventy one. Charles bernard disarm a french physicist from dijon. France He was the guy who came up the exact composition of carbon monoxide. He was. I gotta break it down. Well it's impressive. Second best thing that ever come out of dijon says the mustard grey poupon verse one eighteen o. Eight jefferson davis. Who would grow up become. The president of the confederate states of america. Up was born on this day in fairview kentucky and so we say to him like monument. Virginia course he does. It's the it. Looks like the washington monument. But it's smaller. It's ridiculous it's nuts. Eighteen nineteen famous. American sculptor painter and musician. Thomas ball was born. He can still see his work today. Eddie pants i'm sure you know what what's your. He's sculpt a lot of famous people. What's your favorite sculpture of thomas. Ball probably kyle just got a guy kyle at the end of the bar. If you are in central park in manhattan new york city you can see his famous sculpture of daniel webster. Right there in the park. Okay if you happen to be in washington. Dc and the capitol hill neighborhood. You can see his emancipation memorial or perhaps if you are in massachusetts you can see his george washington riding a horse in boston public garden so he still has a lot of famous sculptures around the states and kyle. He changed the game when it came to outdoor sculptures eighteen. Forty three frederick. The eighth king of denmark was born on this day. Eighteen sixty five george. The fifth king of the united kingdom was born eighteen. Seventy three auto lowy outta lowey otto lowy german physician. Yeah was born on this day. He was the guy who discovered that. Sita chlorine excuse me see the coleen. existed okay with that. Do that is a neurotransmitter that is released by nerve cells to send signals to other cells muscle cells glance eld neurons things like that. It's a liquid that actually communicates from different parts of the body given off by the vegas nerve. I believe the vegas ner. I believe that's what it's called s. Eighteen eighty eight. Tom brown famous dixieland. Jazz trombone was born in new orleans louisiana outcomes what would we do without the happy sound.
The Ralph Report
"ralph" Discussed on The Ralph Report
"Say way i and that's that Being says.
The Ralph Report
"ralph" Discussed on The Ralph Report
"Take a break right. So he's just waiting for them to go to him. And we see the cicadas climbing up by a by a shoulder under his collar.