KLZ 560 AM DENVER'S CONSERVATIVE HOME STATION
Menu
In this episode of Rush to Reason, John Rush leads discussions on pertinent financial issues and the anticipated speech by former President Donald Trump. The episode kicks off with a lively discussion on the economic situation, touching on Trump’s potential addresses concerning the economy, with insights on how America perceives the current financial landscape. Listen as John navigates through the maze of Venezuela’s strategic significance and the complexities surrounding the Panama Canal, with critical insights from guest Jim Path. Dive deep into concerns around political fraud, especially emanating from Minnesota, shedding light on political strategies possibly depicted in the
SPEAKER 04 :
This is Rush to Reason.
SPEAKER 16 :
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 04 :
With your host, John Rush.
SPEAKER 16 :
My advice to you is to do what your parents did. Get a job, turd. You haven’t made everybody equal. You’ve made them the same and there’s a big difference.
SPEAKER 11 :
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 16 :
Are you crazy? Am I? Or am I so sane that you just blew your mind?
SPEAKER 15 :
It’s Rush to Reason with your host, John Rush. Presented by Cub Creek Heating and Air Conditioning.
SPEAKER 13 :
And we’re back. Hour number three, Rush to Reason, Denver’s Afternoon Rush, KLZ 560. Thanks for joining us. Appreciate it very much. Scott Garlis will join us at 530. We’ll go over some things financially speaking with, you know, the markets and things along those lines. Trump’s speech tonight. I didn’t mention much of that earlier in the program, but he has a speech tonight. I’m guessing it’s at 7 o’clock our time. Charlie’s saying, yes, I didn’t look that up. Some of you will probably be watching that. I’ll have to watch a replay of that sometime later tonight or in the morning because there’s no power. That’s another conversation we were having earlier. So some of you that are looking out to the west, which I am at the moment, will notice that as you get closer and closer to the mountains, especially from the Jefferson County area, not a lot of lights. Reason is the power is out like we talked last hour. And not to belabor this because I was going to talk about Trump’s speech, but the whole generation at Lookout Mountain and so on, as I was saying at the end of the last hour and I had a texter that texted in, I don’t know what the permitting process and if Jefferson County would even allow all of that. Keep in mind out on Lookout Mountain or up on Lookout Mountain, you would have to have the ability to fuel traffic. The diesel generators, whether that be propane generation or diesel, in most cases, you’d have trucks coming and going and so on. And it’s a real windy, narrow road as it is. You can access it from the 285 side, but it’s not a whole lot better than going up. Look out. Bottom line, I don’t know what the rules are as far as all that goes with Jefferson County. My gut feeling is that if they had the ability to put generation into those towers, they probably would have done that by now. So my gut feeling is whoever texted in and said it’s most likely a permitting issue is probably correct as far as Jefferson County is concerned. There’s a lot of FMs that are on top of Republic Plaza, Charlie just said, that are not affected. So if you hear some FM stations running, those are most likely coming from there, not coming out of Lookout Mountain. So, again, and a lot of you, by the way, have even texted in on how cell towers work and the generation of and so on. And that one I know. a little bit about as as i’m an owner or a leaser of a of a cell tower i guess you could say or the the land that the tower sits on i i have a lease and so i understand a little bit about how some of that stuff works and so on and and they’re all different and unique as joe said and not really anything universal as far as all of that goes so again thank you by the way for texting in all of that info i appreciate that greatly you guys are always a wealth of information and i appreciate that greatly jim path joining us now jim how are you sir Doing well. How are you doing? I’m great. I was just getting ready to talk about the president’s speech or basically his conversation he’s going to have tonight. Give us some insight on that if you have any.
SPEAKER 06 :
Well, I wish I had more insight, but apparently the one thing that, well, let’s put it this way. I think he’s going to make a pitch on the economic situation. I think that that’s an important thing if he does that. An Oval Office speech is going to garner a lot of attention. That gives him an opportunity to make the case clearly and succinctly in a way that people can grasp. I think that has to be done over and over again, and I’m glad that he’s going to go on a tour this next year. to really pitch what they’ve been doing, because you have to pitch that right now. The American people, you know, you look at polls, and the American people aren’t thinking as negatively as the media are trying to portray, but there is some negative there. And the only way to break through that, as you’re waiting for some of the things that they’ve done to work their way through the economy… You’ve got to remind people what is happening in other places, because then they can get some perspective and relate it to where they’re at. Because if they can see that, okay, that’s doing well, and I can see how that might positively affect me. If you can make those connections, then that’s really important at times like this while you’re waiting for the economics to break through. Because let’s just be candid. Donald Trump, what he has done is stem the tide of massive Biden inflation.
SPEAKER 13 :
Correct.
SPEAKER 06 :
And people need to know that we hit the plateau because of Donald Trump’s efforts through his administration. So you’ve got to make that pitch. It’s really important to people. But the second thing that’s out there that I don’t know the degree to which this is part of it is what I understand to be that he’s going to be talking about Venezuela. And my concern is, is he going to say, as I’ve heard it rumored, that he’s ready to take kinetic action against Venezuela. Now, I would be concerned with that because I don’t want to get into a war like that. That said, we are in a place where China in particular and majorly, but also Russia and to some degree because of some of these oil tankers are going to Iran, Iran, that they’re messing around in our hemisphere. And I do believe the Monroe Doctrine is an important thing We’re a very powerful country, so you can’t overwhelm us, but you can still overwhelm a region. And I think that Donald Trump’s efforts to really face up Maduro are important as you’re watching conservative leaders emerge in Latin America. Argentina, obviously, Chile just hired a conservative. So you want to be able to bolster that so that you can get to a good end game. But I am concerned if he’s going to talk about kinetic action. I don’t know how I want to process that right now, but I do have some concerns.
SPEAKER 13 :
Is he going to mention what happened in Somalia with all of, not Somalia, but in Omar’s district in Minnesota and all of that with the Somali fraud?
SPEAKER 06 :
I would be shocked if he did not take advantage of this spotlight that any presidential address has to point that out. And it is a fraud of all ages. And as I say, what’s going on in Minnesota is the tip of the tip of the iceberg that we all see. But that iceberg is huge. There was a report recently, and I’m doing more research on it, that there’s $14 trillion in in NGOs in this country. And that is bigger than three important countries, Japan and India, and then there was one other country that I keep forgetting which it is that they used. But that’s bigger than the GDP of those three countries, and those are not insignificant countries. So this is a big problem because Barack Obama built an NGO effort that has funded leftist political activity, keeping people active in off years so that they’re ready to go in on years, and Republicans are always behind the game because they’re trying to scramble and put that up in each election cycle, and we need to deal with that issue. This thing in Minnesota is the tip of that iceberg, and I do hope that he presses on it because that needs to maintain itself in the news.
SPEAKER 13 :
And somebody asked on the text message, is America going after Venezuela due to China’s control over the Panama Canal? No, I doubt it. There’s so many other factors. And really, let’s face it, Jim, it’s between the drugs, the fentanyl, the stuff that’s coming into America from that region, from Venezuela specifically. Plus, it’s very, very oil rich, and the people there are starving when they could be living in luxury. Reality is it just needs changed in general, and Donald Trump knows that.
SPEAKER 06 :
Well, and the Panama Canal situation, for the person who texted, is pretty much taken care of. I mean, it’s not completely resolved, but that actually is one of the positives in this hemisphere that has been dealt with. And China was strategically attempting to provide themselves a potential choke point. to the American economy if they ever wanted to utilize that. I think that’s mostly gone. But it just shows that Donald Trump really does understand, and Marco Rubio as well, they understand… what needs to be done to protect our hemisphere. And that is probably that and our own economy are maybe the two biggest issues we’ve got right now, because Donald Trump resolves so much of it worldwide elsewhere.
SPEAKER 13 :
So you talked earlier, and this is a question again, and I’ll ask it again at 5.30 with our next guest. When it comes to the economy, there needs to be some instructions given to the American public because most people, frankly, Jim, are economically dumb. I don’t know how else to say it. They just are ignorant, economically ignorant. Maybe that’s the right way to say it. They’ve just never been taught how money and things actually work. Is this an opportunity for him to explain a few things, including the fact that we’d have a much better economy today if you get the Fed to play ball? And I wouldn’t say Jerome Powell. I would say the Fed in general. But if you could have gotten the Fed to play ball six months ago, we’d be in a different situation today. And that literally is the case.
SPEAKER 06 :
Well, yeah, and in fact, Jerome Powell’s tenure as Fed chairman has totally blown away this idea of political independence of the Fed, not because of anything Donald Trump’s done, but because of what Jerome Powell has done. He has politicized the Fed. He politicized it in terms of what he was doing during the last Trump administration. He politicized it in everything that he did during the Biden administration. And, you know, listen, I’m of the opinion we need to get rid of the Fed. That needs to go away. But that’s not going to happen, so in turn we have to deal with it. And what I’m hoping is that he chooses Kevin Haslett. to be Fed chairman. I think that would be a fantastic… He’s got a couple other good options on the table, I know, but that would be a fantastic pick because the guy is very winsome in his approach when he’s in the media, but at the same time, the guy knows the numbers, and this is the thing. You’ve got all these stupid… You remember Scott Bassett was talking about how it’s an income stream for PhDs over at the Fed because they’ve got like 400 of them sitting over there You have to be able to judge the numbers that are coming to you. You have to know finance well. You need to know how to interpret the numbers well. And you need a guy like Kevin Haslett to go in there and shake things up and say, I’m not taking this bull crap, and that’s wrong, and that’s not how we’re dealing with it, and get it right. And whoever it is, Kevin Haslund or others, it has to be that. The Fed has been a real problem for us. In fact, in part, we’re at a $38 trillion debt right now because Jerome Powell and Bernanke before him played games, and Janet Yellen, they all played games. allowing these stupid idiots in Washington, D.C., to keep spending like drunken sailors. They can’t spend the way they do unless the Fed prints the money. It’s just the raw fact of it, and so we need a change there.
SPEAKER 13 :
Absolutely. Jim, conservative caucus, how do folks find you?
SPEAKER 06 :
Go to theconservativecaucus.com. That’s theconservativecaucus.com.
SPEAKER 13 :
Jim, as always, man, appreciate you very much. Have a Merry Christmas. We won’t talk until New Year’s, so thank you, sir.
SPEAKER 06 :
Yes, John, good to hear from you all. Have a great evening.
SPEAKER 13 :
All right, man, you bet. Appreciate you very much. And Flesh Law coming up next, civil, criminal, you name it, Kevin’s there to represent you on either end of that spectrum. Give him a call today, 303-806-8886.
SPEAKER 12 :
Here’s why you need personal injury attorney Kevin Flesch on your side. He understands the way the jury thinks. In the context of a personal injury case, you’ve been hurt by someone else’s negligence. The idea is that you’re going to try to recover so that you can get back to where you were just prior to that incident occurring. What that really means from a jurist’s perspective is that you’re going to be asking them to award you money. So when we talk about fairness, we’re talking about six people that you don’t know. Those six people view the evidence and make a unanimous decision that will decide what the fair value is. When you’re the one who’s hurt, you have a good idea of what you think it’s worth. The question is, can you persuade those other individuals whom you don’t know and were witnesses to believe that’s what the case is worth? Kevin Flesch understands the way the jury thinks. Call now for a free consultation, 303-806-8886.
SPEAKER 13 :
All right, and Dr. Scott, he would love to be your doctor. He does things differently than, of course, traditional doctors because he’s not beholden to big pharma or big health care. 303-663-6990.
SPEAKER 02 :
What if you could get over 110 lab biomarkers tested, just like Dr. Mark Hyman advertises, but for a fraction of the cost and with a doctor who actually explains the results? At Castle Rock Regenerative Health, Dr. Scott Faulkner has recreated this powerful biomarker test panel at a substantial savings. We have a special price for both men and women. Just $689. That’s a savings of over $2,500 over the standard price. And here’s the difference. With Hyman, you get numbers on a page. With Castle Rock Regenerative Health, you get Dr. Faulkner and his team walking you through every result, showing what’s off and creating a personalized plan to fix it. What’s even better, you don’t even have to be a concierge patient to get this pricing. This is open to everyone. Think about it. Most people’s deductible is higher than this special price. And your regular doctor, if he could get approved by your insurance, would never order this many tests, let alone know what to do with them. Call 303-663-6990 today or visit CastleRockRegenerativeHealth.com. That’s 303-669-6990. Take control of your health at Castle Rock Regenerative Health.
SPEAKER 10 :
This is Rush to Reason on KLZ 560. All right, we are back.
SPEAKER 13 :
And got a text message in from somebody up in the Wyoming area. Several of you actually have texted this. Big fire south of Cheyenne. So big fire south of Cheyenne. I don’t know exactly where that’s at, who that’s affecting. I haven’t gotten anything across my computer as far as that goes. This is all coming from you guys. texting in. There’s emergency alerts going out to a lot of folks that live in that particular area. So by all means, be safe. Be careful. Don’t know exactly what the scoop is, where it’s at, how large it is or anything. All I’ve got given to me is it’s a big fire south of Cheyenne. So if any of you have any news on that, something you’d like to call in, we won’t have Scott Garlis until a little bit after 530. So there’s a few minutes here if you’d like to call in and give us an update on exactly what’s going on. So thank you, by the way, for the update. All of you that are texting in, I appreciate it very much. Always great to get updates from all of you. So really quick, back to Trump’s speech. And I’m going to talk to Scott Garlis about this as well, but I feel like this is a grand opportunity for Donald Trump to actually be able to… How should I say this? Instruct, educate, I guess you could say… on how the economy actually works. And again, this is really difficult. Because at the end of the day, it’s hard to instruct folks through a speech in a particular series of comments and things along those lines. But I think he could give an overarching… approach to, you know, this is how the economy works. This is what the Fed actually does. This is the effect that the Fed actually has on what the economy is doing in the money supply and so on. And I think he could succinctly in, you know, four to five minutes really put out there, this is where we’re at. And so, you know, for a lot of you that are struggling with the affordability end of things and all of that, reality is, The Fed has a lot to do with that. Your credit card rates, what you’re paying for a mortgage or a refi even, what you’re paying for a new or used car, all of those things are affected by the interest rates that the Fed sets. And I think Donald Trump, it would behoove him to actually talk a little bit about that, not in an attacking Jerome Powell’s an idiot kind of a way, which – Donald has kind of a way, you know, Trump has kind of a way of doing that. But in a instructional way, basically saying, you know, this is how things work. This has been a stumbling block. You know, we do feel like the Fed, even though they’re not supposed to be political, have been. You know, you could even use the example of, you know, they did rate cuts before, you know, I took office. But since I’ve taken office, you know, we’ve had X and they came way late. Could have happened way earlier and could have been way more of them by now. So at the end of the day, I think he could do some instruction on how that end of things works. And then he does also need to talk about how, yes, I promised I would lower prices. And this is, by the way, something he needs to backtrack on a little bit. That was an overstatement. No president can lower prices because once a price is raised, inflation is a stair-step approach once they’ve been raised. It’s unlikely they’ll ever go back down again. You can get certain things to go down, i.e. the price of gasoline, which you should actually talk about in a lot of cases. Here in Colorado, it’s under $2 a gallon in some places. I bought diesel the other day for like $2.99, which you never buy at that price. So at the end of the day, I think there’s a lot of things Donald Trump can do to instruct the public on these are the things that are happening really, really well. These are the things we have already implemented. It may take a little bit of time for these things to work their way through the economy. But – The last piece of the puzzle, the last part of the equation that we still need to really get the economy rocking along is the Fed has to do a better job of lowering rates. Three-quarter point rate cuts in the tune of about six months, their token rate cuts is really all they’ve been. It’s not enough. And it’s apparent that it’s not enough because we’re seeing that ripple effect through the economy. I think it would also behoove him to talk about how, because of the Democrats and previous administration spending and so on, reality is, yeah, we have $37 trillion in debt that we pay interest on. And if the interest rates are high, our debt service on that goes way up, taking money out of the budget. meaning we need to print more money to even pay the debt. It’s a vicious cycle, and he could call it just that. So one of the ways the Fed could even help us when it comes to the budgetary end of things as a country is lower the rates. It would make things easier on the budget of America. Again, there’s lots of things I think Donald Trump could do. The question remains, and I’m sorry to say this, but does he have speechwriters— that understand everything I just said and can succinctly put that into a speech whereby people out there listening can understand it and do it in such a way that it’s point by point by point, sort of like what I just did. Can they do that is the question. And I’m sorry to say this, folks. I don’t know that they can. And this isn’t Donald Trump’s fault, by the way, but typically speaking, speechwriters aren’t economists. Now, they’ve got some folks in there that are, Besant and others, that could help them write this correctly and do a good job of making sure that the average person understands how this works. But I highly doubt, and I’m going to give a prediction here, I highly doubt they go down that path tonight or he goes down that path. He’ll mention some things about the economy, some things he’s doing well, some things that you’re going to see pan out and get better for Americans and so on and so forth. He might mention the Fed, although he’ll probably do it in an attacking way, which I wouldn’t do. I think he will talk about Venezuela and some things along those lines. He may, like we just talked with Jim, he may talk about the fraud in Minnesota. He should talk about the fraud in Minnesota. And outside of that, I honestly don’t know what he’ll talk about. I guarantee you one thing he will say. This one I predict, and I don’t think I’m going to be wrong. He will purposely, purposely say Merry Christmas. he’ll add a happy holiday but he is i guarantee you tonight he will purposely say something to the effect of you know something that we haven’t done in this administration for the last four years is acknowledge christmas and actually say the words merry christmas because we’ve been corrupted by this woke nonsense of everything has to be happy holidays because you’re afraid you might offend somebody but the reality is there’s a lot of people out there that do celebrate christmas so you know what my administration we’re going to say merry christmas happy hanukkah Happy holidays. At the end of the day, yes, we want everybody to have a happy whatever it is they celebrate, but we’re not going to ditz the Christians that are out there because we don’t want to say Merry Christmas. I would be surprised if he doesn’t say something similar. what i just said it won’t be exactly like i just said because i’m not his speechwriter frankly nor am i a speechwriter period i’m a talk show host i give commentary and i don’t write speeches and by the way don’t want to so anyways i i think you’ll see him say a few of those things tonight we’ll determine that as that speech is done i won’t again be able to watch that until a little bit later okay one one more thing before i bring scott on because this is hilarious And I’ve seen this even in some HOAs around the Denver area. HOAs, I think they just naturally hate Christmas. They have so many rules and regulations about you can do this many lights or not this many lights and this many blow-ups or not this many blow-ups and so on and so forth. Well, there’s a HOA down in Texas, I believe, that basically have a lot of display, a lot of things going on, and the HOA doesn’t like it. Imagine that. HOAs, by the way, are the NFL, the no-fun league. And if you serve on an HOA board, maybe you’re a good person, maybe you’re not, but I feel sorry for you. Most HOA board members are morons. Power-hungry morons. I’m sorry. They are. How do I know this? Because I deal with these people. Even in my business, I deal with these people. They’re power-hungry morons. Too many chiefs. Not enough people actually doing the work. Literally, that’s the problem. Too many people that think they’re in control when, in fact, they really aren’t. But because they’ve got this board position, they now think they’ve got some sort of authority, and they run around with that authority all the time. And that’s why I just absolutely despise HOAs. I get it. They fill a need. Some people love them because they keep the neighborhood looking good, and on and on and on we go. But I still hate them at the end of the day. There’s very, very, very few good HOAs. I know there are some, and there are some good presidents and so on out there that run a really good organization. But they’re the minority, not the majority. All right, let’s do this. Roof Savers of Colorado coming up next. Yes, the wind’s blowing hard. In some places, still blowing hard. Power is still out in some cases. If you find yourself with some shingles missing or you see some out in the yard after this is all said and done, be sure to get Dave Hart from Roof Savers of Colorado out. Let’s see what we can do to get that stuff taken care of and fixed up. And then don’t forget to ask about the Roof Max Treatment, which, by the way, will help those shingles from actually breaking off and flying into your yard. Talk to Dave today, 303-710-6916.
SPEAKER 07 :
More and more homeowners are getting letters from insurance companies canceling policies or reducing coverage over aging roofs. And heading into winter, that’s the last thing you need. Roof Savers of Colorado can help. Roof Savers can apply RoofMax, a bio-friendly treatment that restores your shingle’s flexibility and extends roof life up to 15 more years, helping you meet insurance requirements without a full replacement. And it comes with a full five-year warranty, giving you peace of mind. And if a RoofMax treatment doesn’t make sense for your roof, we can replace it quickly and professionally before the snow piles up. Call 303-710-6916 or visit RoofSaverCO.com for your free roof assessment. KLC listeners receive $250 off their treatment. Call today and receive an additional $150 off your RoofMax treatment through the end of December. Roof Savers of Colorado, protecting your roof, your home, and your insurance coverage all winter long.
SPEAKER 13 :
All right, before I do this next commercial, there is a, yeah, that is a large grass fire up in the Wyoming area south of Cheyenne. It is now starting to threaten structures. So if you’re in that area, please be very, very careful and aware of what’s going on and watch your alerts that probably are going out to your cell phones. as we speak. Ridgeline Auto Brokers coming up next. When it comes to vehicles, yes, they’re there to take care of you, help you with that next used car purchase. They can finance your car for you as well, take your car in on trade. Whatever you need, they’re there for you. RidgelineAutoBrokers.com.
SPEAKER 08 :
Looking for the right car at the right price? Ridgeline Auto Brokers makes it easy. They specialize in quality vehicles priced between $15,000 and $25,000, perfect for first-time drivers, families, or anyone who wants real value without the hassle. Every vehicle is thoroughly inspected by Legacy Automotive, a trusted drive radio sponsor. That means you can buy with confidence, knowing your next ride is ready for the road. No dealer fees, competitive financing, and trades are welcomed. A 30-day warranty on every vehicle and your first oil change is just $1. Explore detailed videos of every car at RidgelineAutobrokers.com before you visit. Ridgeline also has a great consignment program to assist you in the sale of your car, truck, or SUV. So if you’re ready to buy, trade, or sell your vehicle, call 303-442-4141 or visit RidgelineAutobrokers.com. Ridgeline Auto Brokers, the right car, the right price, right now.
SPEAKER 01 :
As independent brokers, GIA Insurance does not work for any insurance company. They can shop the market and find you the best premium for the coverage that you need. Call 303-423-0162, extension 100, or go online to e-gia.com.
SPEAKER 04 :
The best export we have is Common Sense. You’re listening to Rush to Reason.
SPEAKER 13 :
And we are back, Rush to Reason, Denver’s Afternoon Rush, KLZ 560. Scott Garlis joining us now, Bent Pine Capital. Scott, how are you, sir? Hey, John, I’m well. How are you? I’m doing very well. So several things going on. First thing I want to start with was, which I talked about a moment ago, but I want to get your opinion on this before we get going on stuff. You know, Trump’s got his, you know, conversation, speech, whatever you want to call it, tonight. And I feel like he’s got a grand opportunity to really talk about the economy, some of the things that he has done, the administration has done. In other words, give a little education to the American public on how things actually work. And at the same time, and I wouldn’t name Jerome Powell specifically, but really talk about, listen, the last piece of the puzzle to really get the economy rolling again is the Fed. And somehow we’ve got to get these guys on the ball. And the reality is they’re not.
SPEAKER 05 :
Yeah, you know, I think you could make a case that the Fed sort of hasn’t helped things in terms of lowering interest rates and that being more proactive would definitely make things easier. Because to your point, and we’ve talked about this, it’s just it’s freeing up more money to lend, making liquidity more available. And that’s sort of what really gets the economy going. gets people to spend and would help with hiring.
SPEAKER 13 :
Right. Right. I think he could even add to that that, listen, you know, the rate cuts or the little bit that we’ve had still hasn’t done much to create lower interest when it comes to car loans and or the credit cards that you guys are paying, in some cases, interest on and so on. So at the end of the day, yes, the affordability factor is out there. And the reality is the Fed is not helping us help you when it comes to affordability. I would say it just like that.
SPEAKER 05 :
Yeah, you could definitely make that case. It’d be a pretty straightforward pitch.
SPEAKER 13 :
Yep, and I would. And again, that’s not calling anybody out in particular. It’s not throwing Jerome Powell under the bus. It’s simply stating, and by the way, the only other thing I would add would be, you know, the Fed was on board with rate cuts prior to me becoming president, and then it took them over six months to actually do a rate cut with me as president. You know, I think that probably is a pretty good indicator of which side of the fence, you know, which side of the aisle the Fed is on.
SPEAKER 05 :
Yeah, you know, I mean, I think another thing that they would want to do is they would want to highlight what’s going on with the one big beautiful bill that’s really going to kick in next year.
SPEAKER 14 :
Okay, good point.
SPEAKER 05 :
And the economic impact that maybe you’re seeing some of the media pundits talk about, like, you know, people are unhappy with this economy. Well, you know, that bill is designed for much of that to kick in, the tax breaks next year, stuff like that. Yeah. If you’re going to see the economy start to take off more, it’s going to be next year and, ironically, going into midterms. I think I would assume they’re going to highlight a lot of that, too, and they’re going to point to what’s coming down the pike. And if that winds up being the case, I think that puts him in a better light with voters going into the elections.
SPEAKER 13 :
The one thing, Scott, that I would avoid, and maybe I’m wrong in my thought process here, but again, you’re the expert here. Donald Trump is kind of a Wall Street guy, understands Wall Street, understands the stock market. A lot of times we’ll even filter into his speeches how well the stock market is doing and so on. I’ll be honest, though, Scott, to the average person, truthfully, that’s on the affordability sides of things, I don’t think they care. Personally speaking, I wouldn’t mention Wall Street at all. I wouldn’t mention what it’s doing or not doing in regards to this particular speech. That’s my two cents.
SPEAKER 05 :
Yeah, you know, and I can see that and understand that, and that makes sense. But if I were going to mention it, The way I would attack it where I think it does make sense for most people, for the average person, is from a retirement standpoint. And people that have worked for a long time, they’ve contributed to an IRA, a 401K. What I would highlight is if they’ve been making those steady investments and they’ve been stocking that money away, what he’s been doing and how the stock market has rallied since he took over and what we’ve You know, we’ve had new all-time highs.
SPEAKER 14 :
Yeah, yeah.
SPEAKER 05 :
That is going to help everybody that’s been putting money away and say, like, the S&P 500 for retirement, they’re all benefiting from that. And they might not be feeling those effects right now, but they will when they start pulling that money out to spend when they retire. I mean, the other thing I would, you know, maybe go after, maybe not, is just, you know, the housing market and the fact that housing prices are still doing well. They’re holding up. You know, most people I know have a lot of their wealth tied up in their house. So that definitely affects people. That helps people. But, yeah, we’ll see. I mean, again, if they do bring up the stock market, they have to present it in the right way. What they don’t want to do is come off as, well, hey, I’m making these wealthy people richer because – that’s going to fall on deaf ears. That might actually turn people off.
SPEAKER 13 :
Yeah, no, exactly. I think he’s got to be, and the speechwriters tonight, have to be very strategic and realize that, listen, we have got a captive audience, middle America, if you would, because let’s face it, Scott, those that are on SNAP and all of that that are net tax receivers, I’m sorry to say, not the audience that we need to talk to. The rich folk, who, by the way, they’re going to make money no matter what, probably, again, not the audience. It’s that middle America where they own a house, they’ve got a mortgage, they’ve got some credit card debt, they probably have a car loan or two. And the reality is those are the people, Scott, that I would be talking to tonight.
SPEAKER 05 :
Yeah, yeah, I would in terms of the Wall Street thing, too. You know, as well, we’re talking about I would bring up. If he’s going to go down this road, I would hope that he would bring up the Invest America accounts. Oh, good point.
SPEAKER 13 :
Yeah, yeah, yeah. Good point. Yes, he should. Absolutely.
SPEAKER 05 :
He’s going to be helping all these kids that are going to be born in the next year. So if you, Max, contribute, I did the math on this, ran a spreadsheet. If you were to max contribute to these accounts every year, you can do it until you’re 17 for the last year. You can start at year zero, the year you’re born. If you max that out, it’s about a $90,000 investment. But if the S&P 500 since 1928 on a compounding return means you’re reinvesting all the dividends, it averages 9.5% per year. That means if you max out every year, you’ll have $271,000, three times your investment, by the time you get to age 18.
SPEAKER 13 :
Wow.
SPEAKER 05 :
Yeah, that’s a big head start.
SPEAKER 13 :
That’s solid. That’s solid. Nothing wrong with that at all. All right, so speaking of all of that, and we can kind of circle back around now to the markets, what’s happening, and so on, give us some news today as to what’s going on.
SPEAKER 05 :
Yeah, so today we had a sell-off for a couple of different reasons. The first was there was an article out of the Financial Times that basically said This private equity company, Blue Owl, was not going to finance a deal, a data center deal for Oracle in Michigan. Now, you know, Oracle came – so that caused a sell-off in tech stocks. Oracle came out later and said, you know, we really – we looked at Blue Owl’s terms and we weren’t interested anyway. So Blue Owl was, you know, the guy who’s managing the property, they’re actually going with somebody else and they’re in final negotiations. Now, it’s interesting to me what I’ve seen a lot of out of the Financial Times lately is a lot of articles like this that they don’t cite any sources, and they’re really trying to attack AI. They try to attack private credit and private equity a lot, and they’re very negative. So they’re just, again, they’re trying to get clicks. They’re trying to get people to come look at whatever they’re saying. And so they try to paint the most negative picture about the stock market they possibly can because they know that scares everyone. So then the other thing is we’ve got CPI for November is coming out tomorrow. So the market’s going to want to get a look at what’s going on inflation-wise. A lot of the data I’ve looked at and analyzed, It says that inflation is probably going to be, on an annualized basis, is going to be flat in November versus where it was in October.
SPEAKER 14 :
Okay.
SPEAKER 05 :
That’s a good thing. To me, that’s a good thing. Yeah, that’s a good thing. It means it’s not getting worse. And then to frame that, Jerome Powell at the most recent policy meeting, was it last week? I think last week feels like forever ago.
SPEAKER 13 :
I know.
SPEAKER 05 :
But so last week, he even said, he said, look, everything we’re seeing, inflation is not getting worse. And we should start to see it slow down next year. He’s talking about the first half of next year. So if that’s the case, that would actually be a good thing for the administration, too, because it would say they’re starting to overcome some of these obstacles that are in front of them.
SPEAKER 13 :
Okay. On – not to change subjects, but I think this does dovetail in because it’s applicable because we talk about China a lot. The world talks about China a lot. There was an article in the Wall Street Journal a few days ago, about three days ago, talking about China’s economy deteriorating. It’s doing that on several fronts. I talked the other day about their high-end new car market is dying off in – In China, they’re just not buying, you know, expensive new cars. You know, I mean, talking luxury cars and the like, you know, performance luxury cars and so on. Reality is, and you and I have talked about this before, and it’s now finally starting to come out. And I don’t know if China’s just, you know, if they’re being more honest or if it’s just starting to, you know, rear its ugly head and China can’t stop it. But their economy is not doing well, Scott.
SPEAKER 05 :
It’s not. So there are a couple of things going on there. You know, gosh, a couple of weeks ago when China got their trade data, their exports and imports, They showed a big boost in exports, but they weren’t to the U.S. A lot of the media jumped on this and said, well, you know what’s happening is everybody else in the world is buying up, in particular Europe, is buying up the goods that the U.S. isn’t. And China’s benefiting from the trade war by selling goods elsewhere. Well, that doesn’t seem to be the case.
SPEAKER 13 :
That’s right.
SPEAKER 05 :
Now what we have is Europe is really going after China for dumping a lot of these goods into Europe. and they’re causing problems for European industries. And we’ve talked about this all throughout the summer. They were showing up and dropping electric vehicles in European ports, but they didn’t have trucks contracted to ship them anywhere. They were just parking them in Europe. And so what it appears to be happening with China, you see these manufacturing data that comes out like, hey, China’s ramping back up manufacturing. Well, they’re just doing that to do something. They don’t necessarily have buyers for all these goods on the other side of things. So when you think about that in terms of, in terms of these items, you see that that tells you China’s economy is being damaged. But the, the other thing I’m seeing there too, though, is I’ve been reading articles about how China is really ramping up machines, doing a lot of the work and say like the shipyards and, constructing some of these goods, stacking them, offloading, unloading. So that’s putting more people in China out of work. And so as the economy is going through that, again, they have some really high unemployment rates in sort of youth and middle-aged people. And, yeah, it’s going to hit home soon.
SPEAKER 13 :
Well, I think it already is. In fact, this is a result, to your point, Scott, and we’ve talked about this before, some of the trade deals that Trump’s put together, the tariffs and so on, and the reality. In some cases, you figure out where to buy something outside of China, which will do the same thing when it’s all said and done. Yeah, the price might be a little bit higher, but at the end of the day, we’re not supporting the Chinese Communist Party when it’s all said and done. Now, with all that being said, and I think, by the way, China’s in a lot worse shape than what they even admit they are, what do you think the Supreme Court’s going to do when it comes to the terrorists in general? Are they going to allow Trump to keep them in effect and call it some sort of a national security type of a thing, or do you think they’re going to rule against him and we’ve got to give a bunch of money back?
SPEAKER 05 :
You know, I’ve read a bunch of stuff on both sides of this. It’s it’s a really difficult call to make.
SPEAKER 13 :
It’s kind of a crapshoot, isn’t it?
SPEAKER 05 :
It really is a crapshoot. And it’s just – it’s a really – I’ve seen people that are like, he’s got no shot. And I’m like, I don’t know that they have no shot.
SPEAKER 13 :
Yeah, I’m not one of those either. I think if the attorneys for his side presents it in the national security light – and this is one of the mistakes that Trump made – is when he did do tariffs, he should have been a little bit more calculated on, you know, instead of just raising tariffs willy-nilly because I don’t like this guy, he should have said, well, in light of – We’re going to do X, Y, Z. And he should have been a little bit more calculated in that. Now, at the end of the day, does it really make any difference the words that he used? When it comes to the legality of things, I don’t know. As long as his attorneys go into this with, listen, the only way we can negotiate with these foreign powers and in some cases terrorist organizations, i.e. China, who is, by the way, our foe, the only way you can do that is not by committee, not by the House of Representatives, by the way. You have to have one guy calling the shots. Otherwise, you have no chance of negotiating.
SPEAKER 05 :
Yeah, and I think to that end, what they’ve done is they’ve established the tone that they’re going to operate under going forward with people. And I think even if they get rejected, that’s the most important part, is they feel like, hey, there are a lot of countries that have found ways to take advantage of the U.S., and they’re saying no more. And even if these get rejected, torn down. You know, the Trump administration said, hey, we have other methods we can go after. But they’re already negotiating a lot of tariff rates. So they’re rescinding on tariffs quietly that they put out there originally because they see there’s no point. They looked at some of these industries and thought the U.S. isn’t ever going to dominate that industry. So there’s really no point in us going after that. Let’s just let it go. And let’s go after industries where we can do well. So, you know, I think the more important sort of The rule of the road has been established. No matter what happens, I think that the rest of the world understands the way these guys want to operate.
SPEAKER 13 :
Yeah, and I would agree with that. All right, anything last remaining? This is our last conversation of 2025 because we’ve got holidays coming up next week and the week after. So anything else you want to throw in, Scott?
SPEAKER 05 :
Yes. For me personally, if anybody out there listening is thinking about investing and what they can do to make money next year, I would look at small cap stocks. I would look at the Russell 2000 small cap ETF. The one in particular I like to look at is the IWM. And so basically what Trump is trying to do with the one big beautiful bill and with all the fake or the rate cuts that have gone on the Fed is you know, what that should do is drive business domestically. And small caps, I believe it’s like 80% of the Russell 2000 indexes revenues come from the US. So if there’s one industry that’s going to benefit a lot from this, it’s going to be small cap stocks.
SPEAKER 13 :
Okay, good to know. And where do they find you, Scott?
SPEAKER 05 :
Oh, yeah, sorry. bedpinecapital.com or you can look up See Scott Garlis on LinkedIn, Twitter, or Substack. And, John, you know, what an exciting and crazy year. It’s been really fun to have these conversations. I hope we continue to help people understand and make sense of everything that’s going on.
SPEAKER 13 :
You know what? We will. Looking forward to 2026. I think it’s going to be a good year economically. You’ll definitely be here with us, Scott. Don’t worry about that. We’ll keep talking. And to you, your family, all the folks that you guys have on your side, Merry Christmas, Happy New Year. We appreciate all you do for us.
SPEAKER 05 :
Right back at you. I’m looking forward to 2026 as well.
SPEAKER 13 :
Awesome, Scott. Appreciate you, man. We’ll take care. Thank you. All right, man. And he and I will be in touch. We talk quite often even outside of the show, so I appreciate Scott greatly. Golden Eagle Financial, if you want somebody that will help you directly, somebody who can sit down and talk to you face-to-face, that can help you build your wealth, that is Golden Eagle Financial. Talk to Al today. Find him at klzradio.com.
SPEAKER 10 :
KLZ’s relational financial advisor Al Smith of Golden Eagle Financial can make a big difference in the success of your retirement. Al looks at your entire picture, your goals, your lifestyle, the time you want for volunteering, and even potential long-term care needs because it all matters. We’ll see you next time. We’ll be right back. We’ll be right back.
SPEAKER 13 :
And Cub Creek Heat and Air Conditioning, yes, any problems you’ve got with your furnace unit, don’t forget there’s a big change coming January 1st as well. Talk to Hunter on anything you need. Give him a call. Find him at klzradio.com.
SPEAKER 09 :
New regulations are about to make heating your home a lot more expensive. But Cub Creek Heating and AC can help you get ahead of the changes. Colorado’s new ultra-low NOx rules change the way furnaces and water heaters burn fuel. And once the current inventory is gone, the price to heat, repair, or replace a furnace could jump dramatically. Some estimates say by as much as 60%. These so-called high-efficiency units are also more finicky. They require precise installation. They’re more likely to break down if anything is installed incorrectly. And they could add $60 to $100 a month to your heating bill. So if your furnace is getting older, now might be the smartest and most affordable time to replace it and save thousands later. Rheem Certified Pro Partners at Cub Creek don’t upsell. They’re HVAC experts. They’re not salesmen. Let them take a look and give you an honest assessment of whether it makes sense to replace your system proactively. It’s worth a quick call. Reach out to Cub Creek Heating and AC today by visiting the advertisers page on klzradio.com.
SPEAKER 13 :
And Veteran Windows and Doors, if you want to save money on windows and doors, go right to the source. Take out that middleman. That’s exactly what Veteran Windows and Doors does. Call them today. Find them at klzradio.com.
SPEAKER 15 :
For exceptional quality and truly unique design options for your windows and doors, you need Veteran Windows and Doors. As a platinum dealer for Provia, Veteran offers exclusive features you won’t find with traditional companies. And because they’re a direct-to-factory distributor, they pass those cost savings directly onto you. With Veteran, you can choose from a wide range of colors and design options to elevate your curb appeal. And they can even help you create your own custom design to achieve the exact look you want. They also carry Provia Endure windows, the number one rated vinyl window known for being cost-effective, low maintenance, and available in multiple classic wood grain finishes. A quick heads up, Provia is discontinuing their Heritage and Embark door series at the end of the year. so now is the time to order. When it comes to unmatched cost and value, no one compares to veteran windows and doors. Find them at klzradio.com.
SPEAKER 03 :
This isn’t Rage Radio. This is Real Relatable Radio. Back to Rush to Reason.
SPEAKER 13 :
All right, we are back. Five minutes left. Rush to Reason, Denver’s Afternoon Rush, KLZ 560. FBI Director, Deputy Director, I should say, Dan Bongino is leaving in January. He posted that today, and there was rumors that he was going to do this even a few months ago. Let me give you my two cents on this. I think Dan Bongino and others like Elon Musk, for example, feel like they can march right into D.C., into the White House and make every single change that they’ve thought of making and they’ve heard of being, you know, they’ve heard need to be made and so on. I mean, keep in mind, Dan comes out of the what I consider to be the hard right, far right, if you would. And these guys all think, just like some of you listening, that you can just wave a magic wand and all of a sudden everything in D.C. is fixed. And, folks, it doesn’t work that way. It is a huge machine. Yes, there’s the swamp. Yes, there’s the hardcore right. There’s the hardcore left. I get all of that, okay, folks? I understand how all that works. But I think I also have an understanding that you need to have the right expectations to going into D.C. because if you think you’re going to walk in and get everything you want, yeah, think again. Not happening. Not happening. And there may be some books that come out from Dan, or he may go back to doing broadcasting or podcasting or whatever he was doing prior to actually going into the White House. I think it’s podcasting. He may very well go back to that, and maybe there’ll be some explanations as to what he encountered and thought and had on his plate and so on. I don’t know. I mean, I like Dan. Don’t get me wrong. I like even others that have been appointed that Trump’s put into play. I think sometimes those people are appointed because of the loyalty they have to Trump, not necessarily their skill set. I’m going to say that straight straight up. But I also think some of those folks go in thinking that, you know what, I’m going to set the world on fire. And the reality is it’s a huge machine and you’re just a spark. You’re not even a blowtorch. You’re a spark. And yet you’re trying to go in and literally, quote unquote, change the makeup of D.C. In this case, you know, change the makeup of the FBI and so on, which which needs change. I’m not saying it doesn’t. It does. But these are huge, huge machines. There’s an old saying, you know, the bigger the ship. the longer it takes it to turn around 180 degrees. A little dingy, basically with a little rudder on it, you can turn that thing around on a dime. It’s why small businesses can turn and change things immediately because it’s not as big of a ship and it’s easy to make decisions and turn things around. The bigger the organization, I mean any organization, from radio stations to non-profits to churches, to government, to big business, the bigger it is, the longer it takes to turn around. It’s just common sense, folks. That’s how it works. And my feeling is, and these are smart individuals. Dan’s smart. Elon Musk, smartest guy in the world. Really, I’m not exaggerating when I say that. Probably the smartest guy in the world at the moment. Yet, yet, these guys don’t understand the very basic principles I just told you. They’re much smarter than I am. On an IQ level, I mean, they would crush me, guaranteed. But yet, when it comes to the street smart end of things and how politics work, I’m sorry to say, I know more about it than both of those do. And have different expectations than I think both of those do. And again, I feel like both Elon Musk and the likes of Dan Bongino, I feel like these guys get so revved up by the quote-unquote base that, you know, you can go do this, you can go do this, we need to do this, we need to do that. Keep in mind, Dan’s one of those guys like me that talks about a lot of this stuff on an ongoing basis and then actually gets appointed, has a chance to go in and make some changes and then realizes that, oh, I can’t do what I thought I could do. Oh, this is a lot harder than I thought it was going to be. Oh, there’s a lot more pieces to the puzzle than what I thought there was. oh, wow, there’s a lot more personnel things and issues and stuff that I have to deal with than I ever thought. Again, folks, these are the realities of when people go there, take over an office, and then start to realize that, wow, this is a lot different than I thought. Now, you would think that the likes of Dan and Elon Musk would know what I just said, but honestly, folks, they’ve never served in that type of a capacity. Elon Musk especially, never been down that path. He’s never had to do it. So my point with all of this is, you know, don’t be saddened that Dan’s leaving. Some of you hardcore folks on the right are going to be all upset that he’s leaving and it’s Trump’s fault or it’s this or it’s that. He’s abandoning things. No, no. I think everything I just said is the reality of it. He wanted to make a lot more changes than what he’s really able to make, and so he’s probably realizing that I’m not going to get done what I think I can get done. So you know what? Let’s let somebody else have this position, and I’ll go back to doing what I was doing. That’s my take on it. I could be completely wrong, but that’s my two cents on what’s happening when it comes to the likes of Dan Bongino leaving. All right, that’s it for today, guys. Again, with the wind blowing hard in a lot of places still, power still out. Understand, by the way, when an intersection is dark, in other words, there’s no traffic lights working, it’s a four-way stop. Treat it as such. That’s it. Rush to Reason, Denver’s Afternoon Rush, KLZ 560.
SPEAKER 1 :
so
