This is the FCB podcast network. Great, this is what they drunk yaw boot change says, dog, we don't listen to y'all. This the Outlaw. We don't listen to y'all. This the Outdog. Make a scream out down like a tund dog because a rockets in the crowd like a tune into the form the outdo tune into the char from the Outlaw. Welcome to the Outlaws. This is Darbo to Kingpinmorrow alongside Robin O'Malley, Dante BRI's not and today don't forget too. Like us on Facebook and facebook dot com slash the Outlaws Radio. Follow us on Twitter and Instagram at the Outlaws or Radio. We have a very special guest on the show that we'll get to just a little bit. But first, miss O'Malley, how are you? You know what, Darbo, I'm actually good compared to the last few times that we we came on, you know, I mean, life is still lifing, but it's lifing a little less. It's doing is doing better. This we lifing a little better, just a little bit. Yeah, we're lifing a little better. But yeah, I'm good. How are you doing? I'm alright, I'm alright. I'm a little better too since the last time I asked, uh, and and I agree. Life is still lifing, but it's lifing a little better, you know. It's into the tunnel here. Yeah. So I get it, I totally get it. But we have a we have a very special guess that this is going to talk about a whole lot of important issues regarding the economy and finance and stuff that everybody's gonna need to hear because it has a direct impact on all of our lives, especially with this crazy inflation going on right now. So we are going to get to our interview with the great Carol Roth right now. All right, we have a very special guests on the show today. She's been on this show before. She is the author of the new book titled You Will Own Nothing. Carol Roth, welcome back. How you doing. I am doing fantastic, So great to be back with you. I appreciate it. I appreciate it. So I saw an interview that you did, oh probably about a couple of weeks ago, I believe, on Glenn Beck Show, and it was a part of the interview that kind of really piqued my interests and prompted me to reach out to you to bring you back on and you were talking about ownership and the importance of ownership and that kind of the reason why that piqued my interest is because you know, in our community, we have an ownership conversation all the time, right, Like we talk a lot about the fact that, you know, black folks have all this buying power, but we own nothing and the impacts, the socio economic impacts of not owning anything. And so to hear you talk about ownership in a larger context as well was just really interesting to me because it sounded like the same conversation that we have in the community every day. So talk about the why it's important to own stuff, whether you own your house or own land, or own commodities or own something, own own physical something, why is that important? Because I think that part of the conversation that I heard you have on Glenn Show really kind of crystallized why it's it's important to have ownership of something. Yeah, and I think it's important for us right up front to say we're trying to own from an investing an asset standpoint, not a spending stuff standpoint, So you can you can own yeah, with some some cute jeans and some shoes and you know whatnot that's not going to do a lot for you for a day, but not for a lifetime. So you know, as you know, Jarvio, I've been advocating for wealth creation opportunities for people for more than a quarter of a century now. And so there's one thing that I know as a truth more than anything else, and that is wealth comes from ownership period, end of story. You cannot gain wealth and legacy wealth that you can pass on to your family if you do not own assets. And that's assets that are going to retain their value and hopefully appreciate and value. That is the secret to wealth creation. And so you know, as we started out here, the people who use their income and either do nothing with it, they see that eaten away by inflation, they use it for spending and they just kind of burn it, or they use it to invest and hopefully have that retain or appreciate and value. And so that that last scenario, curtain number three, is what we want people to do if you want to retain wealth. And you know, it's funny as you hear these these elite folks associated with the WEF. You know, the WEF is littered with business and political elite predicting that you'll own nothing and you'll be happy by twenty twenty three. There are a few things that stand out there right One is you will own nothing. It's not will own nothing. They still plan to own things there. They're going to still be on that path to wealth creation, so good luck to the rest of you. And then this whole concept that you're going to be happy, this SI up to get you to buy in that if you give up your ownership and you let somebody else take care of everything, that you're going to be such a happy person. And you know, if you just go back through history, you'll note that the people who did not have ownership, they were unfree, they were unhappy, and in many cases, you know, they starved and lost their lives. And I do think in urban communities and other poor communities across the country, this is the defining factor. Is you know, when you do have income, even if it's a lower amount of income, are you taking any of it and finding a way to have that money work for you or is everything going out the door? And that is a potential game changer for people's lives. Yet you have the people who should be advocating for that doing the exact opposite. So it was very staggering to hear that, so much so that I had to check out. You know, the first thing I did was check it out to make sure it was true, and of course it was. And it's easily sourced on the World Economic forums of own Twitter slash acts. I don't know what we're calling it today, but their accounts, and so you can find this for yourself. But you know, if you want to be on that path to creating wealth for yourself for your family that you can pass on, it starts with that ownership of assets mindset, and so you know, on that, on that note, you know, the whole idea of you will own nothing. You know, first of all, that is horrifying to me that there are people who are legitimately pushing this so in a in a most in the most generous way possible. What is their argument for that? Because I'm sure that there are people who listening to the show who aren't even aware, who have never heard of this, They may not even know who the WEF is, right, So what is the most generous way that we can read what what What is the argument that they're making to the people as to why this is a good thing to not own anything. Well, that's the funny thing. In many cases, they don't make the arguments. It's it's a prediction. They're predicting that it's going to happen, and then they're trying to get you to buy into being happy. But of course this is not the direct statement of you'll learn nothing, you'll be happy. Comes from a number of other endeavors from the World Economic Forum that are similar. Can you rent everything that you need in your life, and so on and so forth. So the underlying thesis is trying to get people to buy into this carefree lifestyle where you're taking care of you know. It's very symbiotic and similar to what the government tries to promise, Oh, don't worry about things. We've got you and you don't have to worry your silly little head about it. But it's the same thing that these Wall Street companies that are coming in and competing with families to buy single family homes and they're buying them up by the tens and tens of thousands. It's the same things that you'll see in their financial registration statements. You know, they're saying, oh, you know, it's so great for the middle class because you know, they don't have to worry about out and they get all these amenities, and they're trying to get people to trade off you know that oh you have skin in the game, and yes you might have to do something about that, but you get the reward and instead get you to buy into this, you know, yolo care free lifestyle that transfers wealth from Main Street to Wall Street, from the average American to the wealthy and well connected. And you know it's getting you to say, oh, well, you know, I don't need a car. It's so much easier to do X y Z. Oh you know, I don't need to buy a home. I'll let you know, Wall Street own it and they can take care of it, and it'll just be so much easier. And you know, when you don't have that ownership, you give up not only the wealth creation opportunity, but you're giving up a lot of your agency and your sovereignty as well. I mean, think about all of these insane things that are trying to be rammed down our throats. In terms of some of the climate activism things like you can't have a gas stove and whatnot. How much easier is that to affect if you have a corporate landlord who can just tell you sorry, that's you know, in your least you cannot do that, Versus if you own your own home, then it's like, okay, yeah, good luck, come into my home and you can take my stove away from me. So it's a it's a very different focus. And if you think about that across all kinds of things, from you know, owning firearms to protect yourself to you know, what it is that you can do and say, if you don't own these assets, these things that you need for your life, then you are beholden to somebody else and that is not a good position to be in if you can't avoid it, without a doubt, without a doubt. I know, you know, I own this network, and there's a lot of conversation we couldn't say. There's a lot of things we couldn't say and do if if I didn't own it. So that's one of the numerous reasons as to why ownership is important. You know, it's interesting too because going back and we're talking with Carol Roth, who's the author of book, you will own nothing. You know, earlier in the conversation you mentioned about how it's important for people, even if they have, you know, low income, to do something to get something of value, some sort of asset, to be able to own. Well. Inflation reeks Havoc on that. Right, Yes, it does. It's it almost seems like I'm not getting conspiratorial here, but it almost the perfect storm, right Like, if you if your goal is to make sure that people own nothing, wouldn't it be in your interests to make things very expensive for them to buy? Yeah? I mean, and certainly, as we know, the inflation that we're experiencing disproportionately affects people based on your level of income. If you are poorer, middle class, it's going to impact your life in a very different way than you are than if you're wealthy. And that's one of the reasons why I have been one of the most outspoken critics of the FED and of their easy money policy over the past close to decade and a half before they shifted it around, because what that was was a historic wealth transfer again from the poor and main street America to Wall Street and the wealthy and well connected. And it's funny because you know, I've been in financial news a long time and you would have these commentators and you'd have the FED and whatnot saying like, oh, you know, it's just it's incredible because you know, they're printing all this money and we have cheap and available debts and zero interest rate policy, and we're not seeing inflation. And it's like, of course you're seeing inflation, and you're seeing inflation and assets and that benefits you, guys. So you love that. We don't call that when when we call that appreciation when it happens to the asset side, because everybody who holds them appreciate the fact that that's going up in value, right, they love that that's asset appreciation. Little play on words there. But you know, on the other side of it, you know, it wasn't until we shifted the policy and put the direct stimulus into individual's hands, first under the Trump administration and then double down on by the Biden administration that we saw that move from asset inflation to you know, base expending and cost of living type of inflation in a very meaningful way. And so these people who are going, oh, you know what's amazing, this is the only time we've seen it, it's like, oh, it's not you're just part and parceling it in a different way. And so you've you've hit on both sides. You've made the people who are wealthy even wealthier because you've made those assets increase in value. And if you've made it harder for somebody who you may not have as much money, or who may be saving for retirement, who is retired or is younger to participate in those assets because we've inflated their values, you know, through this policy. And then at the same time, you know, on the other side of that, then you have inflation, so they're having a hard time keeping up with cost of living, let alone thinking about these these kinds of assets. So really, the middle class, the poor have gotten this coming and going. And it's incredibly frustrating because you know, the the people who are in quote unquote leadership positions will never call it out. The Federal Reserve itself, the governments, you know, the bad actors you know around them don't say, you know, lord, you know, we we caused this and we're so sorry, and you were we're trying to put out the fire that we started. But instead they burnt your house down, and now they show up with like a mere little water bottle. I'm like, hey, let us help, you know, try and put out the fire for you, without acknowledging that they were the arsonists. So it's a very frustrating situation. And because it is kind of opaque, people they see the symptoms, but they don't really know the ailment. And that's why I'm always very appreciative of these kinds of conversations, because the more people who understand where this is truly coming from, the more we can get people who are pushing back in fact arvo. You know, there was a protest at the FED this week with climate activists and there were two things that came out of that. One, I was like, it's you know, it's sad that the only people protesting the FED are climate activists, you know, not average Americans. And then second, there were a bunch of arrests, and I was really upset that they weren't arresting the central bankers who have been gamming all of us, and they were arresting the protesters. So it was a it was a double disappointment for me. Right right, we're talking with Carol Roth, author of the book, you will own nothing. And on the on the inflation front, a lot of people, I'm sure that there are a lot of peopleho are listening who a lot of these concepts are new and trying to trying to figure this out. And I know Robin has has a question that kind of dovetails into that as to how this can you know, be addressed like with the average person. So go ahead, run, okay, So my question is what can Americans do to offset the cost of basic necessities like gas and food in the midst of uncertainty as inflation worsens. Yeah, so this is a really tough decision and situation in it. So I don't say this lightly because I understand how difficult it is is. But it's just the reality is that you have to practice personal austerity. It's not fun. But you know that family trip to Disneyland needs to get cut out, and you know you may have to change around how you're preparing meals. Maybe you're batching them instead of doing on an individual meal basis, And you have to really buckle down because the reality is is that inflation is likely to be sticky for some time, probably not going back up to the you know, ten percent per year rate that we saw before, but to stay at you know, a three or four percent rate per year, which as we know, those numbers are fudged anyway, So the ten percent was like twenty percent, and three or four is like six rate. But you know, even just a small amount of you know, elevated inflation compounds just like anything else compounds. You know, your investments compound, your debt compounds, and inflation does the same thing, and it can really eat away at the middle class. So you know, if you're in a position where you do you're very solid with your job and you can get a raise, that's great. If you can do other things to raise money, sell off some things that you don't need so that you have more income coming, and that's great, but that on the other side, you really need to think of look at your spending and go where is it that we need to cut back Because what's happening, Robin, is that you're seeing the personal balance sheets of consumers get wrecked. We're seeing the personal saving rate, the amount of income that's being saved by consumers below historic averages. So it's at about three point five percent right now. On the debt side, households have record debt. They have seventeen point one trillion dollars in debt, and that's across mortgages, autos, credit cards, and like student debt as well, and so you know, each one of those categories are at record levels. And so those debt rates, if you're getting new debts, you know, something like a credit card is twenty five percent interest. That's just insane, Like you cannot keep up with that. So you need to do everything you can to keep your spending low. My dad used to call it keep your nut low, keep your overhead low, and and and to make sure that you have enough to be able to survive on and not be taking on hopefully any debt, but at least not more debts. And if you can't, you pay some down. You know, that's going to really help you out, especially that really if you have that really high interest, variable rate debt, if you've locked in, you know, very low debt from the last fifteen years, that would be sort of the last thing you'd want to attack. But you have to get some austerity, and it's going to take people a little while to build up enough in this inflation scenario to be able to be focusing on the ownership thing, but it needs to be a goal for every single household. And maybe maybe it's partnering with some other people too. Maybe if it's something you can't do yourself, it's something that a couple of people go in together. But you've got you've got to start thinking how am I going to become an owner? And that means you need to either have more income coming in or less spending. That's you know, that's the equation, that's the math, that's how it works. How long do you think this is going to last? Carol? Oh? Boy? So I don't like that. So here's the problem on the inflation front is that we have several issues that are supply side issues that monetary policy isn't going to fix, and we have you know, fiscally caused issues that until our government gets serious, they could just lead to perpetually elevated inflation. So you know, one of those are the debt and the deficits. We have thirty three trillion dollars in debt, seven point six trillion dollars of that needs to be refinanced in the next twelve months, and that's going to be at rates that are hundreds of basis points higher than the current debt is. So that's going to lead to hundreds of billions of dollars in increased interest on the debt. Think of it as that revolving credit card that we talked about. So now we continue to pay more for what we've already bought. And on top of that, we have these crazy deficits because nobody's you know, pulling back on spending and Congress or Biden administration. So it's projected at the end of fiscal twenty twenty three to have about a two trillion dollar deficit in a year where there's no quote unquote emergency, and that all has to be financed at these new higher rates. And so when that happens, they need to issue more debt to finance that deficit. At these higher rates, nobody wants to buy that. The Fed may have to end up printing more money to cover that. That's inflation area, and that could end up in a cycle by itself. So we've got that problem, the government's balance sheet problem and spending problem, and then we have an energy issue. You know, we have an administration and a bunch of allies that have moved away from traditional energy and that over a very long period of time, if it's not fixed, is going to mean elevated energy costs. And we know that no put attended that flows through the entire economy, so you know, unless we get that under wraps, and you know, Lord help us all. By the way, if we have a really cold winter here in the US or in Europe. We last year we have mild winter and that helped, but if we have a cold one, it's going to get ugly very quickly in terms of the cost of energy. And you know, until we get people pushing back and going, you know, you are killing our ability to have a good life with all of this catastrophizing. And enough's enough. You know, that's not going to get solved either. So you know, maybe a quote unquote regime change in twenty twenty four helps to get things back on track. But I mean, you know, the fortitude of our politicians to affect change in a meaningful way doesn't have a really great track record. And that's why I think that you're going to see you know, inflation higher for longer. And if you look at the fedhead of meeting this week on Wednesday, if you look at their projections. They don't expect to get back to their target rate, which is two percent in a measurement that they use called the PC until twenty twenty six. So I mean that's what they're for. I mean, now they've been wrong about everything. Now, things you know, could change, We could get a recession, there could be all kinds of things geopolitical events that disrupt that. But just the general trajectory that we're on, that is a very possible outcome. And again, that is a tax on the middle class. And you know, Ron Paul said it, the former FED chair Ben Bernanke agreed with it. Everybody knows it. They're just pretending that this is something different and it's really despicable. Right more with Carorov when we come back here on the outlaws. Hey, y'all, this is Ali Michelle. I'm a conservative social media influencer that has been censored by big tech. So I broke away from the restrictions and started a podcast called pillow Talk with Ally Michell. My show is a space to have real conversations about the issues that impact our everyday lives without the fear of being canceled by the big tech tyrants. Subscribe to pillow Talk with Ally Michelle and FCB podcast on Apple, Spotify, iHeart, or wherever you get your podcasts. That's ali a l II. Come check on my show. I'll see you there. Real talk, real conversations. We got the heat. Yes, this is the Outlaws Radio show. Welcome back. You listen to the Outlaws. Make sure that you subscribe to the show on Apple, podcast, Spotify, iHeart, or wherever you get your podcast and if you listen to this show on Apple, please make sure you leave us a five star review and a comment. It's very important for the algorithm and for those of you who have already done so, thank you, oh so very much. And now let's get to the conclusion of our interview with Carol Row. With all of this inflation, government spending has a has a lot to do with the impact of that, and they can make things worse. Robin, I know you have a question along those lines as well I do. So my question is will inflation continue to increase as we bankroll the Ukraine in its war with Russia? I mean as we do everything. I mean anything that we are doing that is deficit spending, that is adding that it requires financing, that will add to our debt, because that's the only way that we're financed anything around here. It's not like we're selling off national parks to pay down. You'll pay for our deficits, right, we just put it all on the tab. Anything that is incremental deficit spending that is higher than the revenues that we collect, which by the way, is an insane amount of money. I mean, we're collecting like four point eight three million dollars at this point in revenue, like we should be. If we went rolled this back to twenty nineteen or twenty eighteen spending, we'd be running a surplus. We would be paying down the debt. But of course, you know, they have to just keep spending more. So yeah, at anything that is above that that is going to need to be financed at higher rates, and it's going to contribute to having to issue more debt. And at this point, I don't know who's buying that debt other than perhaps the Federal Reserve. Is called monetization, and when they step into the market to do that and have to print money to do that, that's inflationary. That's like taking money out of one pocket and putting it in any other. Right, like well, it's like taking a dollar out of our pocket, letting the government waste like three quarters of it, putting a quarter in the other pocket and go, oh, look you got a quarter. Good for you guys, government math there. Yeah, we're talking with Carol raw, the author of the book You Will Owe Nothing. We have a few minutes left, so I want to transition a little bit to something that's going on. That's that's in the news right now. It's actually something that is near and dear to my heart is the strike right now, the aw strike. Yeah, you know, it's it's very interesting. I have a personal experience with this was one of the reasons one of the main reasons why I grew up poor is because my mother lost her job at General Motors. We were very, very good when she was working there. She used so Catillac seats and her plant closed and you know, jobs the same stories shipped that good stuff, and we went from always say, we went from solidly middle class to po po overnight. You couldn't even afford So I am I am sympathetic to what these workers are going through. I also think that the stupid, stupid electric vehicle mandates from the Biden administration is also making things worse because should these things If if you go into a full EV transition, there's going to be even more job loss. And so I understand their concerns and I'm sympathetic to them. I also understand the fears about what this could do to the economy if it's a protracted strike. Where are you on this? Where do you come down them? Yeah, so this is a nuanced conversation. I'm glad you put in all those pieces. So the first thing, you know, at this point in time, I do not begrudge any worker who is trying to earn a higher wage because their lives are being destroyed by inflation that has been created by FED and government policy, and the Biden administration has made it, you know, triply worse or more so. Yes, workers should should They need to get paid more, Their wages need to keep pace with inflation. So I'm very sympathetic to that. I agree with you on the EV front. I think it's Forward that's planning to lose in their EV division something like four point five billion dollars this year, and so the rest of the company is subsidizing that, and that means that in effect, the workers pay is subsidizing it. That's four and a half billion dollars that could be going to take care of the workers and secure their future. You know, when it's going to some insane mandate that isn't going to make a hill of beans of difference on anything, and it's just going to end up, you know, costing us all a ton of money and all kinds of bad issue. So I agree with that. I also think there is a balance, right, So there's some point in time where we have seen union step in and their actions have made the workers lose their jobs because the companies can no longer stay in business. And there is a crazy story that was in the news, you know, about a week ago, which was around Hostess Brands, the owner of Twinkies and Dingdongs and all those things that I used to like as a kid, and probably a lot of other people still like now. But you know, that was a company that was pushed into bankruptcy because they could not afford the union demands. And it was bought out of bankruptcy by two private equity firms and out of that they said, we're not going to have union labor. And they've been able to build up the company and they ended up selling it for like five point two billion dollars like ten years later, so it's it's a crazy turnaround success. And we've seen other cases. You know, this happened with a brewing company in San Francisco where the union demands were so outside of the realm of reality that the business couldn't absorb it. So there is an economic reality, and that's why I think in these discussions. I mean, first all, I hate the fact that we even get to this point, like we should all just be able to be adults in a room and hash this out and take care of workers and you know, not create this scenario to begin with. But there is a realistic point at which this no longer makes sense as a business model, and that ends up, you know, leading to the loss of jobs for people too, which is an outcome we don't want. So, you know, I think it's a very nuanced discussion where we want to be sympathetic, We want the workers to get paid more, you know, at a at a reasonable level where it makes sense and the business can be a thriving, going concern and then hopefully get rid of all this stupid government interference and mandates and whatnot. So that's what kind of my take. Yeah, and it's it's hard to find the balancing act, I think, because I know there are large portions of the country on both sides who are revalue who have revaluated, uh, some of our economic policies, some of our trade policies over these over these last few decades. For me, I'm I don't know where you're from. I'm we're from Ohio. We're in Ohio. I obviously saw it directly, even in my own life, so I know of the I know the impact. And it's almost like some of the the elites and the Wall Street folks and our politicians on both sides were like, Hey, this is gonna be great for everybody. And then when when you have loss after job loss after job loss, you know what I mean, it's so so such a plenty of it's fight. It's fine, it's yeah. I mean, listen, I'm from Chicago. My father was in Union electrician. Yeah, my first person in the family to graduate from college. You know, I come from a blue collar background and I had the opportunity to see as the American dream. And it's why I take it so personally and why I fight for it. For everybody else. And yeah, but there's there's a lot of you know, good good ideas and good attentions with very bad outcomes. And this is a model that I talk about extensively, and you will own nothing. So how do you balance? How do you? How do you? How do we find the balance? Because I'm not I'm not anti trade, but I'm anti stupid trade. Like, how do you how do we balance this? We got to get the govern I mean, number one, we just have to get the government out of everything. I mean, we have to to make it more free market principles. You know, I think people are willing to step up and to lend their voice. We've seen them crush companies that aren't aligned with their values. We've seen people step up for companies that are aligned with our values. If we get the government out of this and we can just have that more direct dialogue, I think we would be very much better off as a nation. And then of course, if we can get rid of all the government spending, we would really be better off as an So I do think it comes from that, you know, moving more towards a free market perspective with those who play by the same rules and with the you know, the guard rails of protecting property rights, because, as you said, you know, a lot of this was self inflicted. I mean, we walked China directly into the World Trade Organization, which changed their future. You know, over a course of a couple of decades. Developing market, there's still a developing market? Like what? What the hell? All right? First of all, I'm sorry, I don't mean to good. That drives me nuts. Can you explain to people what that is? Like? What, like, why I'm so animated about the fact that they're still considered a developing market. Yeah, because they're not. They're not. They're not. They're not an emerging market. They've emerged, but they do at this point, they do have an advantage over us that we gave up to them. They have a wage advantage and a manufacturing advantage. What we have out our view is a energy advantage because they are China is a net importer of food and energy, right and they need more and more and more, and you know, they don't even consume a fraction of what we do. And we want to give up our energy advantage too. We want to take the one place where we haven't given it to them. On a silver platter, and these idiots are like, hey, let's give that up to China as well, Like it's it's the most foolish central planning. And I'm sure some of these people think they're smart. I think a lot of them probably benefit personally in some way, shape or form from something or another. But it's bad. It's bad for us, and so we can't have a free market arrangement with a communist country that isn't playing by the same rules. And that's where my own thinking has evolved over time in terms of being you know, somebody who is you know, more kind of capitalistic oriented. Is you have to have people to play by the same rules. So if you're you're dealing with communists who don't respect property, right, like, I'm sorry, we just can't play that game with them. And you know, the fact that we want to take the one advantage, which by a huge advantage that we have left that we haven't just handed over to them and do that. I mean, just think about the auto industry. China's producing evs because again they've got a wage benefit, they've got a rare mineral benefit and whatnot. You know, they're producing ten and fifteen thousand dollars evs, so you know, maybe to get that up to code. For the US it's a little bit higher. We know they're already taking market share in Europe. We're going to get some idiot president who comes in and it's like, oh yeah, we should be great for the consumers to get more evs, and they do that, they're going to just kill the Big three here. So if you want to retain these jobs in this edge, we have to call the communists for who they are, and we have to maintain our energy advantage. And the fact that we have these people you're talking nonsense and people buying into it is just not very helpful. We're talking with Carol Roth, who's the author of the new book You Will Own Nothing. We have a few minutes left, so I want to get to short thoughts on this because you actually just kind of mentioned it a little bit with with energy, which I agree. I believe that's a huge advantage for us, and I want to connect this to another issue that we're dealing with and get your thoughts on this. So obviously we know that structurally there are significant problems with social security, and I understand people's concerns anytime that there is an attempt to address it, because the people just don't trust the politicians, which I understand. Right, they robbed the social security lock box years ago. So when people here, especially those who typically are the ones who vote, when they hear them say oh no, not going to touch yours, but we're touched theirs, they don't trust you. So there is no political capital whatsoever available to address this. So, to me, the only way that you can address this. First of all, of course, we got to deal with the spending. The spinning is out of control in general and the government. But you kind of got to grow your way out of it, and I don't see any other way to do it, but with energy. Is that Is that even possible? Is it even possible that we could grow our way out of this mess? Considering that we don't. The country does not have the political will to address social security at all because they don't trust the politicians, which is understandable. Yeah, I mean, listen, we saw what happen in France when they said we're going to raise the age of retirement from like sixty two to sixty four. They burn Paris down. So yeah, these things are highly politically unpopular because people don't understand them, and nobody likes when they were promised something, even when it was a lie, and then you find out that it was a lie. But I think you kind of answered your own question, like could we do this? But we don't have the political will over here? Well, how do we have the political will anywhere else? How do we have the political will to reduce the barriers that allow us to flourish, whether that is in energy or anywhere else. I mean, if you want more of something, you take down barriers. If you want less, you erect barriers, you put in place taxes. And we have the politicians who see that at odds with them retaining their own power. And so you know, the answer is can we do it? Yes? Is it realistic that it's going to happen? No, because we don't have the political will and probably the fortitude to do this. And human nature remains constant, which is why you see the same things that play out in cycles over over again in history. Because technology may evolve, people do not. Human nature is very constant. That sad, sad truth. So because I mean, obviously it's it's a very big concern. And again I understand why people don't trust the politicians, because why would you trust the politicians. They've already shouldn't. You shouldn't trust the politicians, which is why you should have fewer of them and give them smaller purview, because the less that they're in charge of, the less that they can screw up. Right. That's really that the thesis. People always like to say, Oh, well, if we just got the right people in there, okay, like when did that ever happen? Come on, people, So we have would be very realistic and surgical about this, and there are you know, no rainbow bows and unicorns, and so if you want to, if you have your system has to rely on getting the right people in place, then you're screwed. It's why McDonald's has systematized everything and made it so that you know, a kid, you know, in the middle of high school could operate to McDonald's. It's because it's the system doesn't depend on getting the right people in there. And that's what we have to do with our government is systematize it and take it down and scope so that you know, and any any idiots that we have in there, which you know they're full of them right now, can't can't screw it up. So if we stay on the current track, when is when are we going to have issues with solar security? It's it's coming up soon, isn't it. Yeah, I mean it's it's we were on the brink, you know, in a year or two of having issues, and you know we're decades away from having major issues. So yeah, this is this is something that should be addressed, and nobody will address it because, as you said, it's a political hot button and there are things that can be done, but nobody has the will to do it. And as you've noted before, it's been this historical piggy bank, so you know, it would open up the curtain on that and you create all kinds of other issues. So I don't expect that to be happening either, but they will, I'm sure, you know, have a big session in Congress and yell about you know, how much money they need and how the Republicans don't want you to get your Social Security check. I'm fairly certain of that. Robin. Last question, So my question is do you think the US should revert back to the gold standard or is that even possible now? So I do think that we need to shore up our currency, you know, having fiat currency with the FED, and you know that with the with hand in hand with the government being able to print at will, is it helpful you know, restructuring this you know, absent a war where everybody comes to the table and decides that we're going to change things around, as happened the last two times the global financial ordership did and what put the US in the pole position. And it's it's very hard to just go, Okay, this is how we're going to do it now. It's the financial system is really really complex. So I think that good first step would be abolishing a lot of the FEDS powers, you know, coming up with a way that like a formula kind of like the k percent rule that Milton Friedman proposed of how you increase the money supply, which is it tied to you know, some metric that makes sense. I mean, I don't think based on how much has been printed over the last fifteen years that we probably need to expand it, you know, any time in our lifetimes. But when we got back to sort of a normalized level, you could tie that to growth in the GDP because you have to remember that money is a proxy for people's productivity, so like tying it to GDP growth would actually make sense, and then you know, over time have like maybe a march where you get something that's actually backed. But you know, that would be a huge first step. But at the same time, you need that fix, and you know, if you have that, hopefully if the Fed can't you know, print any money to monetize debt, then you have to at the same time get the buy in from Congress that says, okay, well, we know nobody's going to be buying the debt for definance these deficits, so like we're going to have to have a balanced budget and hopefully it's our plus and start paying that down. So it would be a huge shift. This is what happens. By the way, this is the proposals for emerging market countries that are in crisis, and we have a balance sheet that is the emerging market in crisis balance sheet, like one hundred and twenty plus percent debt to GDP. But we have the world's reserve currency and that's the only thing that's kind of been kind of backstopping us. So I think it's a really complicated slug, but we got to get those two pieces fixed. And you know those those folks want more money and power, and they're counting on everybody being ignorant and and you know, not fighting them on it. So that's that's what if you put me in charge, those are the kinds of things I would probably start. Let everybody know how to follow you on social media, how to get the new book, and all of that good stuff. Yeah, so across social media, I'm at Carol J. S. Roth. If you go to Carol Roth dot com slash news, you can sign up for my personal newsletter and you will Own Nothing, which is my second New York Times bestseller, is available wherever fine books are sold. So gratulations, by the way, thank you, awesome, get it, learn it, love it, because you know, my whole point is this is an ownership focus. You know, the elite wants you to own nothing. I want you to own everything. I want the American dream to flourish for everyone. And I know that you guys do too, Darby and Robin. So hopefully we can keep an ownership movement going and growing ownership movement. I love that absolutely. Stay tuned. We'll be right back with more of the outlaws after this fuck up. True, sir, pray you welcome back. Welcome back. You're listening to the Outlaws. I want to send a special shout out to Carol Rothill coming on the show. We'll really appreciate it. And now is the time of the show that we like to call Tea Time with Row. Turn it up, confetation, the latest celebrity news and gossipation. It's Tea Time with Row on the Outlaws Radio show. Yeah. First of all, welcome to Tea Time with a Row. Now here is the for the hot tea. Okay, I have a whole whole kettle ready for you. Oh boys. So the first one is our favorite not so favorite girl text the Red. I mean congratulations to her on her success. However, uh, Sexy Red is now who is a female rap artist. To those who don't know, Sexy Red is now launching lip Gloss line. It is inspired by the lyrics from her song Poundtown. They will offer flavors like I gotta say this out loud, Okay, I'll say it all loud, Couccie, pink booty, Hope, brown, sex, on my period, gonarhea, and nut and yellow discharge. Oh my god, look at Dario. I cannot even phantom, the thought of let me put on my nut and yellow discharge lip lives. Can I get some of that? Gorhea? Girl, it's gonna look good. This is awful. This is awful. And people I'm making excuses, They're making excuses for this. Bleep. This is awful. Oh my god, there there is there is no way, there is no way. I mean, does it have a flavor? Time, I pray, I pray, don't take this Garbriel first and foremost, we're gonna take this to the good Lord. I pray if it has a flavor, it is not the name. I cannot. I cannot. I mean I could, I could, I could possibly, you know, I mean maybe I think, I mean like Cucci pink, you know, like maybe maybe the color maybe you know, lips, but I guess, but booty hole brown and sex on my period and gnarrhea, gha, I mean the nut and yellow discharge actually blow my mind too, all of it, all of it blast for me. The crazy thing about it, the crazy thing about it is And I'm telling you right now, I don't know if this I don't know if these are out yet, but they're going to sell out. I'm telling you, I'm telling you right now. Oh yeah, no, I'm going to buy this mess. Yeah, it's not out yet, but it's she's in the in the works of launching. He's going to make millions of dollars from women buying lip gloss titled booty Hole Brown. Oh my god, only in a mirror. I can't. I just I mean, where where have we gone wrong? Jesus come back, Jesus take the wheel, Jesus immediately, immediately. I will not I will not participate in the Shenanigans. Oh you're not, You're You're not gonna buy a gonna relic. No, no, no, no, we'll not do it. That's yeah, yeah, we're gonna move on. So so a little less, you know that. Okay, So the next topic. So, there ain't been a lot of uproar, a lot of animosity if you may, between Nicki Minaj and Cardi B. And as if anybody knows that, you know, I'm sure a lot of people already know that, because that's been for a while now, but as of lately, it's been more than than then. Those ladies just beefing per music, you know, per song, even though that's what they're doing. However, now it's expanding to their husband, Nicki Minaj's husband, you know, threatened Cardi B's husband Offset, standing in the streets of New York City with a whole bunch of his friends, like, Hey, where you at? Offset? Where you at? Where you at? We out here, we out here, were on this corner, blah blah blah. You know, you don't know how the trash talk goes. Now what's going on right now though? Is see they were Cardi B and an Offset, We're off on an island somewhere mine in their own business. But now it's going to this. Now, I'm gonna read you guys something it says by DJ Vlad. Nicki Minaj's husband is on house arrest for threatening Offsets. First of all, while right after that, she previews a song on I G saying she's got killers who will pull up and do what she say. This was the same Nikki who threatened to send her husband to academics house for his comments about her. This is the same Nikki who told Meek Mill to have his crew beat up Quentin Miller, which happened, which then happened. Have you ever heard of a woman's scream my man will f you up over something she started. That's Nikki. Yeah, I mean I don't like this. Yeah, Like it's see when Nicki Minaj's first came out, I was off for her and love her music, you know what I mean. I cis can Sis can definitely rap, She's got bars, She's very talented, very beautiful. But getting to this point where now you're threatening people's safety, that's crossing the line. Like do you really feel that threatened? First of all, you are in your forties and you're threatening these these two young people who are what and there are late twenties are yeah, yeah, they're growth in their late twenties, early thirties. Come on, yeah, So to me the thing and I'm like, I'm like, you know, I like Nicky. You know Nikki, Nikki has skills, Nikki can rap, She's really good. I'm a Cardie fan too. I like Cardi B. But the thing that's a little more disturbing to me about this is where it hasn't even been a year since takeoff got chut. Yeah, so I wouldn't. I wouldn't be threatening like that when they still they still grieving, you know what I mean, Like they're still they're still grieving. It's there are And I'm just gonna say this, turn this into a teachable moment. Ladies and gentlemen. There are only a handful of things in your life that is worth taking it there over, you know what I'm saying. There are not a ton of most of the things that people are like, I shoot you, it's not worth it. There are only a handful of very serious things on the planet that are worth you taking that route. This ain't one of them. This is rap beef, this is people talking jaw jack and back and forth. That's not worth that. That's not worth it. That's not one of those things like you think about it, is it worth Is it worth you hurting someone or someone hurting you or you going to jail? Is it really worth that? I don't know if it's worth that. Man. Yeah, when you feel when you feel it shouldn't be to that point where you feel that insecure and that threatened that you have to go to that extreme, Like just continue to make good music. You know, we love that. You know she can still make music for us, you know what I mean, Like you're still here and you're still one of the icons. You know, you are a part of this history like where female rappers are in the game, you know what I mean, Like she she was, she just really in the middle of it, Like I mean what she was in the what early two thousands, late two thousands, yep, yep, mid So she she was. She's technically you know what I mean, she's up there. She's an alg now, yeah, she up there. You know what I mean. Like sis, it's it's no reason to go to those extremes, like live your life, keep making great music and mind your business and just be humble. I mean, it's it's really that like, don't let anybody or anything take you out of pocket to get you to those extremes where you get that angry where you feel the need to harm somebody or send somebody to harm somebody. It's not that serious. No, it's not. It's not. And we have to start sending a better message letting people know like that's that shouldn't be the first result resort to everything, Like that's the last resort. It's not the first you know what I'm saying. And this ain't that serious, not that serious? All right, miss o'delly, let me know how to follow you, m You can follow me on Instagram at Real Robin O'Malley. You can follow me on Facebook at Robin O'Malley, and you can also follow me on TikTok at Real Robin O'Malley and you can follow me at Da kingpinn Ry. Where does d t ch E K I N G p I N One more time, I want to send a special shot out to Carol Roth for coming on the show. I really appreciated. We are out of here. We'll see you next time. This has been a presentation of the FCB podcast Network, where real talk lifts. Visit us online at FCB podcasts dot com.
