In this episode of Rush to Reason, host John Rush is joined by guest Jersey Joe to delve into a range of topics affecting not only Denver but the world at large. The episode challenges common misconceptions about renewable energy and highlights a lesser-seen side of climate impact studies. With unexpected findings from a study at the University of Nebraska about cattle emissions, the discussion offers an enlightening perspective on agriculture and carbon footprints.
You are going to shut your damn yapper and listen for a change because I got you pegged, sweetheart. You want to take the easy way out because you’re scared. And you’re scared because if you try and fail, there’s only you to blame. Let me break this down for you. Life is scary. Get used to it. There are no magical fixes.
SPEAKER 06 :
With your host, John Rush.
SPEAKER 10 :
My advice to you is to do what your parents did. Get a job first. You haven’t made everybody equal. You’ve made them the same, and there’s a big difference.
SPEAKER 17 :
Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world. You don’t know what it is, but it’s there. It is this feeling that has brought you to me.
SPEAKER 04 :
Are you crazy? Am I? Or am I so sane that you just blew your mind?
SPEAKER 19 :
It’s Rush to Reason with your host, John Rush, presented by Cub Creek Heating and Air Conditioning.
SPEAKER 08 :
Okay, we are back. Hour number three, Rush to Reason, Denver’s Afternoon Rush, KLZ 560 Jersey. Joe, joining us now. Joe, what’s up?
SPEAKER 12 :
John, it’s finally spring here. It’s going to be 66 this weekend and 71 next week. So spring is here. Daylight savings time shows up Saturday night. I’m going to take the cover off my barbecue and grill a steak on the side.
SPEAKER 08 :
Nice, nice, nice, nice. Nothing wrong with that.
SPEAKER 12 :
Nothing wrong with that. By the way, John, people have asked me how to get in touch with me. If they want to see the weekly podcast, just go to Joe at JerseyJoe.com. Just remember to spell Jersey with an R, a Z, and two Es. If you want to get in the distribution list, just send me an email to Joe at JerseyJoe.com. Just remember J-E-R-Z-E-E.
SPEAKER 08 :
Appreciate you, Joe, very much. What do you want to talk about?
SPEAKER 12 :
Well, let’s start light. Can we talk about cow farts?
SPEAKER 08 :
Sure.
SPEAKER 12 :
Well, you know, for years, global climate activists have been telling us we need to eat less meat, we need to eat tofu because red meat, you know, cows are contributing to global warming. Well, University of Nebraska, very reputable, you know, a high ag, they did a very controlled study where they had a bunch of cows and they put them inside an enclosed airtight building where they could, they introduced fresh air, you know, through a blower and all of the exhaust air they captured and analyzed. And they analyze the net CO2 and methane. Of course, when cows, just like you need when you exhale, you exhale CO2. And when the cows fart, it’s methane. Well, they calculated all, you know, they took 100 cows and, okay, they got all that. And then they looked and they had two pastures, one with the cows on it and one with no cows. And they calculated the difference in plant growth between the pastures that had cows on it being fertilized by the manure. and the unfertilized pastures, and they determine, and they mowed that grass, and you weighed it, and of course, grasses, you know, plants, of course, capture CO2, right, you know, because with plants, they breathe in CO2 and exhale oxygen, and they calculated that net-net, the carbon capture by the accelerated plant growth from the cow manure more than outweighed the CO2 and methane emissions from the cow, meaning that cows were net carbon negative instead of net carbon positive.
SPEAKER 08 :
In other words, what are you talking about, people?
SPEAKER 12 :
What are you talking about, people?
SPEAKER 08 :
Okay, so Joe, really quick, just to say, not to get off track here, but that’s one of the complaints that I’ve had with a lot of the… Folk that are out there talking about everything from, you know, even back when the Prius came out and EVs and so on, talking about, you know, how much energy you’re going to save and how you’re going to save the planet and this, that, and the other. And the problem is, Joe, no one ever puts, and I’ve seen some of the studies, no one ever includes everything in the study that should be there to really determine what’s your actual, I hate this term, but what’s the actual carbon footprint when it’s all said and done.
SPEAKER 12 :
Well, and the same thing with electric costs. I think, Andy, I was on with Andy last week. people up in New England, well, you know, wind turbines can generate power at half the cost of a fossil fuel plant, you know, six to eight cents a kilowatt. What they don’t tell you is that you can never, you always need 100% backup, which means you can never take the fossil fuel plants offline because if you get a day when the sun doesn’t shine and the wind isn’t blowing, you have to have 100% backup. Well, if you have a multimillion dollar, whether it’s natural gas or coal power plant, sitting there on standby, but you have to keep it warm, by the way, you can’t let it go cold.
SPEAKER 07 :
Right.
SPEAKER 12 :
And then you only say, hey, we’re going to ask you to only produce power maybe instead of 8,000 hours a year. We’re going to ask you to only produce power 800 hours a year. When you divide the fixed overhead of that plant by only 800 hours worth of production, the cost per kilowatt hour is through the roof. That’s right. But the wind power people never, ever include the cost of maintaining those fossil fuel plants on standby in their 8 cents a kilowatt figure.
SPEAKER 08 :
The other thing that they never include, Joe, is what’s it cost to actually – cost in petroleum, I should say, to actually put that windmill up and keep it running as time goes by as well. Those are factors. Those are figures that never get thrown into things.
SPEAKER 12 :
John, even more important than that, I’m trying to remember the – I think you get like 12 pounds of iron for every ton of iron ore. Do you know how much fossil fuels it takes to mine a ton of ore and then to smelt that ton of ore down into iron?
SPEAKER 08 :
Again, John, I’ve never seen anybody go through and run the math like you just talked about with cows. Yeah. I wish they would. I wish you’d really get some universities or some think tanks to really sit down and analyze this because it would take some time because you can’t just do quick math. You really need to know exactly if you’re going to get to a final number, how does this work? The problem is no one does that because there’s no incentive to, Joe.
SPEAKER 12 :
Nobody’s paying them to do that.
SPEAKER 08 :
That’s right.
SPEAKER 12 :
There’s billions of dollars being paid to people on the climate activist side.
SPEAKER 08 :
Yeah, they’ll pay you to figure out, okay, once the EV is built and you’re running off of kilowatts versus gasoline, what’s that look like? Well, that equation’s easy, Joe. You and I can do that one.
SPEAKER 12 :
Sure. But to look at – John, you’ve seen the picture of these mining operations where they’ve got these giant – Oh, they’re huge. Oh, yeah. And they’re running on diesel fuel, John. That’s right.
SPEAKER 08 :
They’re not running on batteries. That’s right.
SPEAKER 12 :
And, of course, you’ve got these giant front-end loaders. and they’re blasting away tons and tons of ore, which has maybe a 4% iron content, and then they’re trucking it to a refinery where they’re using a blast furnace to smelt that ton of iron ore down to get 12 pounds of iron out of it. None of that is calculated into the cost of the windmill.
SPEAKER 08 :
It is not.
SPEAKER 12 :
More ridiculous stuff. You know, we had that mass shooting in Austin this past week by the guy wearing the Property Valid t-shirt. And as usual, the Gun Violence Archive sends out its ridiculous press release. And I heard more than one news station quoting that, well, last year we had 407 mass shootings. Now, John, that’s more than one a day. Yeah, not even close. 33 a week. I mean, 33 a month. John, did you hear about eight mass shootings last week? No, there wasn’t. 33 the month before?
SPEAKER 07 :
No.
SPEAKER 12 :
Well, I ran the numbers. You know how many actual mass shootings we had in 2025? Half a dozen. Exactly half a dozen sticks, John.
SPEAKER 08 :
Okay, I guessed half a dozen. I’m just doing that from memory because we talk about them on air quite a bit. Every other month or so is about it. By the way, I’m not saying, Joe, we should have any, but what I’m saying is it’s not what they’re saying.
SPEAKER 12 :
No, it’s not what they’re saying. So the actual number—and by the way, even if you expand the definition to three, which includes the shooting at Brown University, even if you broaden the definition to include— three victims killed at random by a single shooter, you only get to six, which means the other 401 are complete nonsense. So that’s the other nonsense we’ve got. One other piece of news that you’ll never hear in the press, the U.S. Treasury Department once a month publishes its monthly Treasury report, its income from all sources and that plays. So for the year ending December 30, 2025, tax revenues were up 61% over 2017. Now, why is that year important? Well, 2017 was the last year of the old Obama-era tax plan, and during that year, tax revenues were growing by a pathetic less than 3.2% a year. Well, John, it’s been eight years since the Trump tax plan went into effect. John, what’s 61% divided by eight? Mm-hmm. I believe it’s almost an 8%. Just shy of 8% rate of growth in tax revenues in eight years. So the deficits are being caused by the Trump tax. So Trump cut tax rates, but he didn’t cut tax revenues. Tax revenues have continued for the past several years to set new all-time record highs. So there’s a difference between tax rate cuts and tax revenue cuts. In fact, I’ll go way, way back. Back under Eisenhower, they had a 91% top tax rate. When they did that, the percentage of all taxes paid by the top 1% fell down to just 11% of the total because when it was that high, people just started parking their money in tax-free government bonds because there was less than zero incentive to take any sort of investment risk. If you could get 4% on a tax-free bond at a 90% tax rate, you would have to have a 40% low-risk or no-risk rate of return every year on a private sector investment. John, do you know of any private sector investments where you can, with little to no risk, get a 40% annual rate of return year after year?
SPEAKER 08 :
None.
SPEAKER 12 :
None. So… You simply put your money in a tax-free bond. Now, here’s the inverse relationship. So at 91% tax rate, the top 1% were only paying 11% of all tax revenues. At today’s 37% tax rate, the top 1% alone are paying more than 40% of all individual income taxes paid in this country. So you cut the top tax rate by two-thirds from 91% to 37%, and you quadruple… the tax revenue from the same group. That’s the inverse relationship between tax rates and tax revenues. And you’ll never hear that in the evening news, will you, John?
SPEAKER 08 :
Nope, you will not. Of course not.
SPEAKER 12 :
All right, let’s move on to this. You want to move on to politics? Sure, let’s do it. I want to start with a little clip I sent you. The first 15 seconds is Trump, State of the Union, and he talks about the things he’s going to do And the Republicans stand up, but every Democrat is sitting on their hands. Nobody’s clapping, nobody’s standing. And then this same clip cuts to 1995, where Bill Clinton is giving his 1995 State of the Union, and he’s talking about all the things they’re going to do to curb illegal immigration. And he gets a standing ovation, but he sounds just like Donald Trump. Can we play that clip?
SPEAKER 10 :
The American government is to protect American citizens, not illegal aliens. Yeah!
SPEAKER 04 :
Not only in the states most heavily affected, but in every place in this country are rightly disturbed by the large numbers of illegal aliens entering our country. The jobs they hold might otherwise be held by citizens or legal immigrants. The public service they use impose burdens on our taxpayers. That’s why our administration has moved aggressively to secure our borders more by hiring a record number of new border guards, by deporting twice as many criminal aliens as ever before, by cracking down on illegal hiring, by barring welfare benefits to illegal aliens. In the budget I will present to you, we will try to do more. to speed the deportation of illegal aliens who are arrested for crimes, to better identify illegal aliens in the workplace, as recommended by the commission headed by former Congresswoman Barbara Jordan. We are a nation of immigrants, but we are also a nation of laws. It is wrong and ultimately self-defeating for a nation of immigrants to permit the kind of abuse of our immigration laws we have seen in recent years, and we must do more to stop it.
SPEAKER 08 :
And they all stood up. I’ll leave it at that.
SPEAKER 12 :
Now, John, you’re looking at the video. Is there anybody in that room that didn’t stand up and clap?
SPEAKER 07 :
No.
SPEAKER 12 :
Now, let me ask you, if Trump gave that same speech tomorrow, do you think they would all stand up and clap?
SPEAKER 07 :
No.
SPEAKER 12 :
So my question is, it’s been 30 years since then. What has changed with the Democrats over the last 30 years that they would have stood up and clapped?
SPEAKER 08 :
They’ve finally become more openly Marxist, which has been their roots for quite some time, and they have TDS.
SPEAKER 12 :
Trump derangement syndrome, yes.
SPEAKER 08 :
So both. It’s both.
SPEAKER 12 :
Right. So let’s move on to – now we have a clip by Pelosi, but I want to give a little preamble. You may not hear – a reporter asked the question of Pelosi because she was just talking about Obama when he sent missiles in to Libya and trying to kill Gaddafi. So the reporter asked, are you saying that President Obama did not need congressional approval to launch and continue that attack on Libya? Yeah. And that’s the question from the reporter, and here’s her answer. Remember, at the time, she’s Speaker of the House of Representatives.
SPEAKER 03 :
You’re saying that the president did not need authorization initially and still does not need any authorization from Congress on Libya? Yes. Thank you both.
SPEAKER 12 :
Thank you all very much.
SPEAKER 08 :
That was an easy answer.
SPEAKER 12 :
Yes. Yes, he did not need and does not need congressional approval.
SPEAKER 08 :
So, again, to your point a moment ago, then what’s changed?
SPEAKER 12 :
What’s changed?
SPEAKER 08 :
Because Trump’s now in charge.
SPEAKER 12 :
Trump’s in charge. When Obama was doing it—and by the way, Biden sent some missiles, too. Clinton sent missiles, sent people into Bosnia. We had troops on the ground in Bosnia under Clinton. I don’t know if you remember that.
SPEAKER 08 :
Right, right. We did.
SPEAKER 12 :
But no, it was fine when Democrat presidents do it. But she was the Speaker of the House of Representatives. If anybody was in a position of authority to make a judgment call— It was her. It was her. And she said and answer the question, are you saying that the president did not need congressional approval? She said, yes, he did not need approval. So which now brings us to Bill Maher going back to, you know, what’s wrong with the Democrats? We’ve got two different clips for Bill Maher. The first, let’s play the one. where he talks about what Democrats need to do if they want to keep getting reelected.
SPEAKER 08 :
Okay, and is that the first one? Let me double-check and make sure that I’ve got both of these. I think it’s the second one. I think it is the second one. Okay, let me do this correctly, Joe, so we get this right. Let me jump over. And I assume you previewed these. These are clean, right?
SPEAKER 18 :
We’re good?
SPEAKER 08 :
No bad words.
SPEAKER 18 :
You can get back. to the old America. That’s got to be the Democrats part of the bargain. Stop coming up with radically new and often terrible ideas. And then in the next breath, insist there be no debate about any of it. That if you don’t see it right away and go along, you’re bad, stupid and deplorable. As if you were saying, duh, two plus two equals five. Isn’t that obvious? Yeah, it’s obvious you can’t add.
SPEAKER 08 :
Yeah, me spot on there.
SPEAKER 12 :
Right, and now we have another one where he’s actually defending America. I think maybe, remember Body Snatcher? I think Maher’s been replaced by a conservative Body Snatcher because here he is defending America in the next clip.
SPEAKER 18 :
Very down on America, very down on the West. And it’s ironic because the West has also given us everything that makes your life good here. Don’t ask Billie Eilish or Chapel Roan about what the Western values are because they’ll just say it’s about oppression. Right. But it’s not about oppression. It’s about rule of law. It’s about respect for minorities. It’s about democracy. It’s about scientific inquiry. These are all good things that came from the Western world. I wish that schools would teach that again.
SPEAKER 08 :
The left is very down on America. And that was Lauren Bolbert that he was interviewing, by the way.
SPEAKER 12 :
Yep, yep. So, I mean, you know, Bill Maher is still a liberal, but my God, the last couple of, I think for the last four or five weeks,
SPEAKER 08 :
He doesn’t sound like one anymore.
SPEAKER 12 :
He doesn’t sound like one. Every week he’s coming down on the Democrats. Now, I think he still desperately would like to see the Democrats get back into and remain in power.
SPEAKER 08 :
I think he would too, Joe, but I think he also – I think as time goes by, it’ll be interesting to see what happens to him because I think at some point – I mean, he’s a very intelligent man. He’s not dumb by any stretch of the imagination. At some point, he has to start looking at his own party and realize, wait a minute. This is – it’s not that it’s a sinking ship, but this is a ship that I cannot be a part of because their mentality and how they think about things is just irrational.
SPEAKER 12 :
Yes, yeah, and I think obviously he’s a very intelligent guy, and I think he understands that. So – and I really think he’s trying to say, hey, please, please listen to me, but I think he’s talking to the wall. So let’s talk about a couple other things that happened. I know we only had a couple minutes left. New York City, John, if you were 47 years old and you’d been arrested 100 times, which works out to getting arrested five times a year, which is once every 10 weeks, do you think you’d still be walking around?
SPEAKER 07 :
No.
SPEAKER 12 :
You should be walking around?
SPEAKER 07 :
No.
SPEAKER 12 :
Well, in New York City, a couple of days ago, a 47-year-old guy with 100 prior arrests set fire to a homeless guy outside of Penn State. The guy lived, but after he was arrested, the police said, yes, he’d been arrested 100 times. He’s 47 years old and has 100 prior arrests.
SPEAKER 08 :
So, as you can imagine, Joe, the question remains, why?
SPEAKER 12 :
Well, you know, you’ve got district attorneys who cut deals and judges who issue probation instead of jail time. So I’m going to tell people this, in whatever community you live in, Who you vote for, when you vote, you get to vote for your district attorney and you get to vote for your judges. Those votes matter. Please don’t skip over, you know, do a little research on who the judge is, who the district attorney is. Good point. Now, we’ve got some great, who’s the guy from Aurora who’s a really great district attorney? His name escapes me.
SPEAKER 08 :
Brockler?
SPEAKER 12 :
Yeah, George Brockler. Great guy. We need more George Brocklers out there, but what we don’t need is, is district attorneys handing out plea deals like they were candy at Christmas time and judges giving probation in lieu of jail time. Because this guy should clearly have never been out on the streets, ever, not with 47 arrests. Agreed. So judges matter. I heard you talk earlier, you talked about the Grand Rapids mayor who said if you own a gun, you should be ashamed.
SPEAKER 08 :
Yes, I did.
SPEAKER 12 :
Yeah, what a knucklehead he was. Did you talk about, I know you go to Hawaiian vacation. Did you talk about what it takes to?
SPEAKER 08 :
I did not. No, go ahead, Joe. We’ve got five minutes. Go for it.
SPEAKER 12 :
So in Honolulu, here’s something that’s heading to court. So Honolulu, which I guess the island is a city. It’s like the city and county in Denver. Honolulu is.
SPEAKER 08 :
Basically.
SPEAKER 12 :
Okay. So Honolulu has passed a law that said if you want to buy a pistol in Honolulu, you first have to take and pass a pistol safety course. And it has to be taught by an instructor approved by the Honolulu Police Department. Well, if you’re a person who lives there and you want to get a pistol, you go to the Honolulu Police Department and say, hey, I want to buy a pistol. Who are the improved instructors where I can go to take the course? And they say, well, that’s secret. You’ll have to file a Freedom of Information Act request in order for us to give you that list. How absurd is that? They require regulation. You have to take it.
SPEAKER 08 :
But then they won’t give you the information.
SPEAKER 12 :
Then they won’t give you the information, and they force you to file a fee, which, by the way, they can sit on for three months and charge you a fee, by the way. You know, it just blows my mind that that’s like Los Angeles right now is taking three years to issue a concealed carry permit, and that one’s being challenged now. It’s ridiculous. So… That’s why, you know, we need to keep control of the courts. And that’s why I had this conversation with Andy last week. Clarence Thomas and Alito both need to announce their retirement after this. I agree. I agree. Because we may not have control of the Senate next year. And it’s essential that Trump maintain.
SPEAKER 08 :
I’m not sure why we just side note, Joe, I’m not sure why they haven’t already.
SPEAKER 12 :
Well, they didn’t want to do it when Biden was president.
SPEAKER 08 :
No, I meant we’re already a year under Trump so far. What are we waiting for?
SPEAKER 12 :
Well, they’re waiting for the end of this term. I mean, you know, the court resumed hearing cases in September. I guess they want to finish out this term. But when the court wraps up in June, Alito and Thomas both need to announce.
SPEAKER 08 :
Yeah, they do at that point. Exactly.
SPEAKER 12 :
And that’ll give Trump, you know, from June to December to get his picks approved. Because, you know, Ginsburg made a huge mistake.
SPEAKER 08 :
Oh, yeah. She really – let’s just say it this way. I’ll be kind, but she dealt the Democrats a bad hand.
SPEAKER 12 :
She did. She stayed in too long.
SPEAKER 08 :
Her ego cost the Democrats.
SPEAKER 12 :
Her ego cost the Democrats a seat on the Supreme Court.
SPEAKER 08 :
And we cannot do the same.
SPEAKER 12 :
And I hope Alito and Thomas don’t make this – I mean, Thomas is in his 80s, and I think Alito is 76. Mm-hmm. So they both need to announce their retirement in June.
SPEAKER 08 :
I agree. And we need better picks than some of what Trump’s done in the past. Ted Cruz needs to be one of them.
SPEAKER 12 :
I agree. Ted Cruz, I think, would make a fantastic Supreme Court justice.
SPEAKER 08 :
Yes. Agreed.
SPEAKER 12 :
All right, John, that’s all I’ve got.
SPEAKER 08 :
Joe, I appreciate it as always. Have a great night. Thank you, man. Appreciate you.
SPEAKER 12 :
You’re welcome.
SPEAKER 08 :
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SPEAKER 08 :
Okay, we are back. Rush to Reason, Denver’s Afternoon Rush, KLZ 560. Scott Garlis joining us now, Bent Pine Capital. Scott, how are you?
SPEAKER 11 :
Hey, John, I’m okay. How are you today?
SPEAKER 08 :
Good. A lot has happened since we talked last. Yeah, I’d say. Just a few things. So, war in Iran, which I think the handwriting was on the wall, but it’s there now. And Wall Street, of course, they don’t like anything along those lines. The traders go ballistic. Or even oil, which… quite frankly, here in America, given the fact that we import very little from the Middle East. Why the price of WTI is up right now is beyond me, because, frankly, it has little to no effect at the end of the day. I said earlier, Scott, traders do what traders do.
SPEAKER 11 :
Yeah, I mean, look, there are a couple of factors with why oil is up right now. So, one, you really started to see this at the end of last week. You saw treasuries got bought up, yields dropped. That was people’s safety play. They had a sense that this was happening. It accelerated on Friday. And then anybody that anticipated something like this, these things, word has somehow leaked out sometimes. They were probably buying oil over the weekend or heading into the weekend in anticipation. And then, you know, the… What you see sometimes, too, is some of these financial outlets, they have, you know, guys that want to talk to them, and they think they’re getting these great tidbits of information. What these guys are really doing is they’re pitching their books or how they got positioned ahead of this event.
SPEAKER 09 :
Right.
SPEAKER 11 :
And so they’re happy to be like, oh, my God, oil is going to go to $100, whatever. And so, you know, they’re trying to scare people into running out and buying it. Right. But the big thing really going on at the moment, like one of the factors besides that that’s also driving oil is the Strait of Hormuz because it’s basically 20%, I believe, of the world’s oil supply.
SPEAKER 08 :
Yes, it goes through there.
SPEAKER 11 :
Yeah, and that’s the choke point in the Gulf, right? And you have to go by Iran. And so Iran is saying any boat that goes through there, we will set it on fire. Right. So people – container ships, they’ve stopped traffic for the time being. They want to see this plays out quickly or whatever.
SPEAKER 08 :
Yeah, and I was going to talk to you about that because what Trump did earlier this week, which really is a big poke in the eye at the U.K. and Lloyd’s of London specifically, is he basically – because Lloyd’s of London said we’re not going to insure anybody right now. So what Trump said was, OK, screw you guys. We’re going to have our military over there. We’re going to escort ships through as we have to. We’ve got a fund here in the U.S. We’re going to go ahead and insure these things, by the way, probably at less money than they were getting insured for before by you guys. So at the end of the day, screw you.
SPEAKER 11 :
Yeah, you never know. I hate seeing the government run businesses, but the government could wind up finding itself a new business if it does that.
SPEAKER 08 :
Well, let’s just say it this way. I didn’t look. I don’t know how long Lloyd’s of London has been in existence. Scott, you might know that better than I. What is their history? Have they been around 200 years? How long has it been?
SPEAKER 11 :
It’s been a long time. Actually, look, I just looked it up.
SPEAKER 1 :
1689.
SPEAKER 08 :
Okay, so longer than what I thought even.
SPEAKER 11 :
Yes.
SPEAKER 08 :
And by the way, they may very well have met their match.
SPEAKER 11 :
Yeah, it’ll be. I’m sure that hopefully I’m sure the government would probably step away at some point if they do get into this and Lloyd’s would get back in. But I don’t know.
SPEAKER 08 :
I think I think just my own. And I watched a bunch of video on this earlier today and I did a little bit of research on this. I think I wanted to get your feeling on this. I think it is one of Donald Trump’s goals. to basically tell the U.K., we’re done with you guys. You have used Iran as a proxy and as a tool since World War II even. You’ve done a lot of wrong in that way. I am tired of it. I’m tired of the way you guys have done things over there. And at the end of the day, we’re just going to basically break you guys up, and we could care less what you do moving forward. I think that’s Donald Trump’s strategy right now.
SPEAKER 11 :
You’re talking about the U.K.?
SPEAKER 08 :
The U.K. itself, because they are very tied into Lloyd’s of London.
SPEAKER 11 :
I really hope not. They’ve been one of our biggest allies.
SPEAKER 08 :
But they aren’t right now. They have proven through this particular battle that they’re not on our side, Spain especially.
SPEAKER 11 :
You’re talking about the U.K. or E.U.?
SPEAKER 08 :
The U.K. itself and Spain, so you’ve got to add them into it. So, I mean, I guess you could somewhat throw the E.U. in here, although there’s countries in the E.U. that are very much on Donald Trump’s side, and they’re fine with what we’re doing as a country, and they’re very much in favor of what we’re doing. But in this particular case, the U.K. and Spain especially, they’re not helping. They’re against us right now.
SPEAKER 11 :
Really quickly, before we end this, I just want to close one other loop on oil prices. The reason why oil prices would run here partly as well is because if the trade war moves get shut, what you’re potentially looking at is increased competition to buy access to oil in the United States. So that would drive up prices, right? This constrained supply, so to speak, and more buyers coming for what’s available. So, yeah, you know, I’m not well-versed. I have not paid a lot of attention to exactly what the UK has done. I was dismayed that Spain would say that it’s… The only reason I would think people would do that is maybe they’re getting oil supply from Iran on the slide that they’re not really very vocal about, and they don’t want to disrupt that in case things work out one way or another, and they’re They’re trying to hedge. I mean, at this point, me personally, Iran is not the friend of anybody in that region. You just look at the way they’re attacking everybody because they’re desperate for somebody to try to get the U.S. to stop. But they have attacked the Saudis forever. They attack Israel. Iran is just, I mean, it’s the biggest state-sponsored terrorism out there in the world. So, you know, I think there’s a better regime to run this country, I would hope, than what’s currently there.
SPEAKER 08 :
I would hope so, too. I would hope so, too. My question to you is just more along the lines of, you know, what do you see happening like that? Good explanation, by the way. And then on top of that, just, you know, China is going to be affected by what they not going to. There are they are being affected by what’s going on with Iran right now. So is Russia as far as that goes. What do you see happening there?
SPEAKER 11 :
Well, so it’s interesting you bring this up because I was talking to some people about this the other day. And one of the big things going on here with China, China has been buying a lot of oil from Iran. And supposedly they store it just across the line, so to speak, offshore from China and don’t bring it in. But China is trying to get resources all over the world, wherever they can. And I’m very skeptical that somebody has it sitting right across the line from where they can access it. I have to think they’ve been accessing it for a while.
SPEAKER 08 :
Oh, I would agree with you there. Absolutely.
SPEAKER 11 :
Yeah, and I think they were doing the same in Venezuela, too, right?
SPEAKER 08 :
Right, that’s right.
SPEAKER 11 :
So all of a sudden, you kind of have to look at some of this, and you do have to think about… is part of something at play here being China being cut off from some pretty big resource plays, being Iran and Venezuela. I mean, those are two of the biggest oil caches in the world, if I’m correct.
SPEAKER 08 :
You’re right. Venezuela is the biggest.
SPEAKER 11 :
Yeah, and then in terms of Russia, you know, this could force Russia and China more into bed with each other because, China might be running out of places to go find oil. And it just, you know, but it hurts Russia economically because Russia sells a lot of weapons, Tehran. For that matter, China is apparently selling more. China does too, yeah. Yeah, yeah. So there’s another dent. Interestingly enough, I believe it’s the National People’s Congress that’s going on right now where China sets all their targets for the year. They just took down their economic growth estimate for the first time in like three decades yesterday. They set it at 4.5% to 5%. That’s a sign that things in China are great. Now, I know a lot of the media I’ve seen, like, they’ve been reporting these numbers that, oh, my God, China is shipping more goods to everybody all over the place. They must be buying other goods, stepping in. Well, you know, you and I have talked about this several times, but Europe actually has a problem with all the goods that are being dumped on the shores from China, and they’re going after China for dumping autos, for dumping whatever. So China might be shipping more to these other countries, but that doesn’t mean these people are buying them or they necessarily want them. And I think when you see things like, China’s all of a sudden taking their economic growth estimates down. That’s probably a big part of it. Just because they shifted to another market doesn’t mean they’re making sales.
SPEAKER 08 :
Right. Good point.
SPEAKER 11 :
So I think there’s some confusion going on there. And I think if you’re talking about a market in Iran where they’re buying oil and they’re selling weapons, that hurts China on two different fronts.
SPEAKER 08 :
Yeah. No, you know, you bring up a point there that I should have thought about, but I hadn’t thought about. I mean, not only is this a problem for both of those countries strategically, because basically Iran has been both of their proxies when it comes to, you know, terrorism, counterterrorism, all the different things that they want done in that part of the world. They have funded that. And so Iran’s really been there. their whipping boy, if you would, up to this point. That’s ending. That’s not going to happen in the future. Both of them have been making money off of the weapons that they’ve been selling, some technology, things along those lines. That’s going to end, as you know. And then on top of that, they’ve been buying really, really cheap oil in return, maybe even a trade-type deal, given the fact of what I just said a moment ago. So at the end of the day, they’re going to lose all of that. So I’ve got to believe that both Russia and China are not happy right now.
SPEAKER 11 :
No, and so there’s another part of that equation that you have to think about, too, is so if you look at a lot of technology and medical advancement, you know, the one arena where a lot of that comes from is the battlefield.
SPEAKER 07 :
Right.
SPEAKER 11 :
And so I ran on the battlefield a lot, right, because they’re supplying the Houthis, Hezbollah, Hamas, all these guys. So if you’re selling your weapons… to that country and they’re supplying to these other guys who are constantly in conflict, you’re kind of battle testing some of your technology, too. So, you know, there’s another front where that could hurt China, that could hurt Russia. And then there’s the skeptic conspiracy theory side of me. You know, Trump’s headed to China at the end of March to sit down with President Xi. And that side of me is like, you know, how much of this, too, is a is a show of force to Xi.
SPEAKER 08 :
I think not only did Trump want to clean up what’s been going on in Iran, period, and the threat that they’ve had against not only us but Israel and a bunch of other countries that are over there. By the way, even their brother Arab countries over there are not happy with them. So, I mean, you had Saudi Arabia even pitching for us to do something weeks and weeks ago. So at the end of the day, no one likes what they’ve been doing and want to see that go away. So at the end of the day, You know, that’s one of the things. And I think on top of that, to your point, I think this is a real show of force to the rest of the world, China included, that, you know what, guys, you might not think we have what it takes, but we have literally I mean, you just take the two aircraft carrier groups and we’ve got more than that, of course, around the world, Scott. But just the two that we’ve got in the ability for us to deliver 24-7 constant attacks upon Iran, which is exactly what we’re doing right now. No other country can do that.
SPEAKER 11 :
Yeah, I think it sends a clear message like, hey, it could be, too. Like, you guys want to mess with Taiwan and you need us to get involved. This is what you’re going to be looking at and dealing with.
SPEAKER 08 :
The reality is the technology, which really is being proven. And, you know, we’re doing so much over there right now, given the amount of drones, you know, period that Iran has had on the same token, the technology that we’ve gotten, the ability for us. I was even watching some video last night on Twitter. some mini EMP things that we have that enable us, if China or any other country launches a bunch of little drones, for example, we have the ability with an EMP-type device to knock them all out of the sky immediately.
SPEAKER 11 :
And I think what happened with the submarine and what was it, that Iranian ship was trying to hide off of Sri Lanka? Yes, yes. And, hey, there’s a message there, too. Like, guys, we also have this technology, and it’s It’s going to come unseen because that Iranian ship, chances are it was probably Russian or Chinese technology that was on board that boat.
SPEAKER 07 :
Probably.
SPEAKER 11 :
They clearly had no idea the sub was even there.
SPEAKER 08 :
Probably. Probably. Probably. I mean, what’s been interesting about some of this, not that it has a lot to do, well, it does, it has stuff to do with the markets, because when you look at what Raytheon and Lockheed Martin and others are having to now crank out when it comes to now supporting this effort and building warheads and missiles and so on, I mean, the reality is the defense end of things in this country just took a big, huge uptick. And I guess you should have bought defense stocks a couple of weeks ago because they’re all going to be up right now because of the amount of production they’re going to have to increase to just to keep up with the demand of what’s going on and then resupply what we also need. At the end of the day, Scott, I mean, those guys and the ancillary businesses that I was thinking about this last night, you know, the ancillary businesses, the machine shops, the electronics, the wiring, the metallurgy. I mean, on and on and on we go. I mean, it’s huge, the amount of business that will roll in off of what’s happening right now.
SPEAKER 11 :
Well, another thing I think is really interesting, besides Trump’s comments about, hey, you know, if we need to, we’ll escort boats to the strait.
SPEAKER 08 :
That’s right. That’s right.
SPEAKER 11 :
Yeah. So France has said it has a destroyer sitting off the island of Cyprus. It’s sending a carrier group, too. And basically they’re prepared to also make sure that container ships or container vessels, oil ships, can get through the Strait of Hormuz, and can get through the Red Sea, which we haven’t heard a lot about the Red Sea, which is the Houthi rebels’ Iran proxy. So to me, that’s really interesting because if you mess with the French Navy and the U.S. Navy, I don’t think, look, these guys might be really desperate and they might be willing to try, but I was listening to a former Pentagon official this morning saying that basically we have complete air dominance over top of Iran. We’ve knocked out all their missile batteries. You know, I don’t, other than rocket launch stuff from the shore, I don’t know what they’re, maybe they have mines. Maybe we’ll see. But once this trade war moves, it’s shown that everything can flow through there.
SPEAKER 08 :
We’re good.
SPEAKER 11 :
Your U.S.
SPEAKER 08 :
oil prices drop immediately as soon as that happens.
SPEAKER 11 :
Yes, and so as an investor, you know, and thinking about, excuse me, like investing patterns and all this, so I went back and looked at, you know, the major crises in the Middle East. I went back to like 1950s when really the modern era for the S&P 500 started. So you start with the Suez Crisis in 1956. You have seven major crises. This is number eight. You’re looking at an average duration of 54 days from commencing the attack to finishing, but that’s really skewed by the first Gulf War because of the time it took the six-plus months. So the days to draw for the market, 23. But again, that’s really skewed by the first Gulf War, 71 days. You’re probably looking at around 15, 20 days, two weeks. Again, duration, you’re probably looking more around like 40 days. The trough sell-off in the S&P is 6.1%, but by the end of that 54 days, it’s up 3% on average.
SPEAKER 08 :
Okay, good to know. Good to know. All right, Scott, how do folks find you?
SPEAKER 11 :
Yeah, sure, Bent Pine Capital, Twitter, LinkedIn, or Substack, C. Scott Garlis.
SPEAKER 08 :
Always a joy, man. I appreciate it. Have a great night, and thanks for switching up this week.
SPEAKER 11 :
Oh, anytime, John. Thanks so much for your time.
SPEAKER 08 :
All right, appreciate you very much. Have a great one. We’ll talk to you next Wednesday. Roof Savers of Colorado coming up next. Make sure you extend the life of your roof up to 15 years. Dave can do that for you with the RoofMax product, 303-710-6916.
SPEAKER 16 :
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SPEAKER 08 :
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SPEAKER 08 :
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SPEAKER 06 :
The best export we have is common sense. You’re listening to Rush to Reason.
SPEAKER 08 :
couple of minutes I gotta take one more break here before we end out the day today there’s a report in the Gazette that says Denver restaurant industry is in need of intervention and yeah is it any is it any how should I say this given the fact That minimum wage has gone up. They’ve changed the way things are done in the restaurant world, tipping and everything along those lines. And, you know, is it any wonder that the restaurant industry is struggling? No, it’s not. And it says here, it starts out by saying Denver restaurant industry is struggling and facing sustained structural pressure, according to a report by the local industry leaders. Last year, the city’s economic development department and Visit Denver created a six-month liaison program to research issues affecting the restaurant sector, often after leaders spoke out against Mayor Mike Johnston. The initiative, led by two veteran restaurant owners, Dana Falk of Jack’s Fish House and Oyster Bar and Adam Schlegel of Snooze Eateries, released its finding in a report on Friday. Basically, what they’re talking about is they need less regulation. With the increase in labor costs and overhead and so on, they’re struggling. They’re having a hard time making ends meet. In other words, what they’re telling Denver is you’ve got to make some changes or the restaurant world is going to have significant changes in it. And you know what? They’re 100% correct. I might add to that as soon as I come back. Let’s take another quick break. I apologize. We had to cram everything together with the long segments I had both with Joe and Scott. But we’ll be back in a moment. Golden Eagle Financial coming up next. If you need anything at all when it comes to your future finances and some of what I talked to Scott about a moment ago, talk to Al Smith. Find him at klzradio.com.
SPEAKER 16 :
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SPEAKER 08 :
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SPEAKER 08 :
All right, Dr. Scott, he would love to help you live your best life ever, meaning be as healthy as you can, feel better. Scott can help you with all of that, 303-663-6990.
SPEAKER 14 :
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SPEAKER 06 :
It’s time to leave your safe space. This is Rush to Reason on KLZ 560.
SPEAKER 08 :
Yeah, and really quick, don’t forget about Dr. Scott’s stem cell deal. That 25% off is huge. And do they work? They absolutely do. My wife is living proof of that. Movies tomorrow. Hoppers, The Bride. And Protector. And then Hour 2, we’ll do Movie Rental Hour. It will be movies with terrorists, which will be a lot of fun. So anything you’ve got along those lines, please send me a text message. 307-282-22. Have a great night, everybody. Be safe. This is Rush to Reason, Denver’s Afternoon Rush, KLZ 560.
Media Narratives vs Reality: Data That Changes the Story. Iran, Oil, and Global Power.
In this episode of Rush to Reason, host John Rush is joined by guest Jersey Joe to delve into a range of topics affecting not only Denver but the world at large. The episode challenges common misconceptions about renewable energy and highlights a lesser-seen side of climate impact studies. With unexpected findings from a study at the University of Nebraska about cattle emissions, the discussion offers an enlightening perspective on agriculture and carbon footprints.
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Dr. Scott: Biohacking the Body: Energy, Metabolism, and the Fight Against Aging.