THE MONEY GUY! JARED DILLIAN SPENDS THE HOUR WITH LIZ AND NICK 7/28/26

Transcript

SPEAKER_04 0:00

Daily Dirdman, Money Talks. Own your life with Jared Dillion and Money Talk on the Liz Callaway show with Nick Summary.

SPEAKER_03 0:09

All right, and here he is.

SPEAKER_04 0:11

Here I am.

SPEAKER_03 0:12

Here you are. Digging that watch.

SPEAKER_04 0:15

Yeah, I could uh I've been wearing this watch all summer. I gotta switch it up. I could uh put on another watch. I like it. Yeah, cool watch. That is cool.

SPEAKER_03 0:24

Yeah, I like it. Yeah. Nice. All right, Jared Dillion. So you got a lot of news coming out here. You got a book coming out and a book signing on the map.

SPEAKER_04 0:33

Yes. September 8th, the awesome portfolio comes out. Is that the one I pre-ordered? Yes. Excellent. And uh that is uh that is Tuesday, September 8th, so you want to pre-order that. And I have a book signing at Surfside Beach Books and Gifts uh September 24th, which is a Thursday, 5 to 6 PM. So Surfside Beach Books and Gifts is the sister store of Back Again Bookshop. Really? I was gonna ask. Yes. That's uh that's Aaron and Kelsey. Um that's that's their second store in Surfside.

SPEAKER_03 1:08

Wow.

SPEAKER_04 1:09

So yeah, I asked them if I want if which store they wanted me to do it at, and they said the one in Surfside.

SPEAKER_03 1:14

So amazing. Yeah, where is the it in Surfside?

SPEAKER_04 1:18

I don't know.

SPEAKER_03 1:18

Oh, okay.

SPEAKER_04 1:19

Yeah, I gotta figure it out.

SPEAKER_03 1:21

Okay. Let's look it up. Surfside Books and Gifts.

SPEAKER_04 1:24

Surfside Beach Books and Gifts.

SPEAKER_03 1:26

Surfside Beach Books and Gifts. All right, let's see where that is. Um it is on US 17. Is that business or the highway? Business. 700 business 17. Okay.

SPEAKER_04 1:45

Yep.

SPEAKER_03 1:46

We'll go check that out. Nice. All right, very good. Well, welcome to the show, Jared Dillian. You know, I I started off the conversation with you with how do you pay off your mortgage in five years or less? Is there a way?

SPEAKER_05 2:01

Win the lottery.

SPEAKER_04 2:02

Yeah, I mean, you just you just gotta save and throw big chunks of additional principal at it. Like big chunks.

SPEAKER_03 2:10

And I was it better to do that than take the money and invest it.

SPEAKER_04 2:15

It it's a compli it I I don't have a clear answer to that question. It depends on a lot of things. Okay. So let's say you have a seven percent mortgage. Okay. When you are paying down your house, you are actually earning a return of seven percent.

SPEAKER_03 2:32

Good point.

SPEAKER_04 2:33

Right? You say you're making seven percent. I have a four and a quarter percent mortgage. So I'm only earning a return of four percent, but I don't care because ha owning a house free and clear with no debt is the best thing in the world. For peace of mind, it is the best thing in the world. Like I could get you know, some terrible disease, I could get cancer, I could be in a car accident. Right. If I own the house free and clear, I I don't ever have to worry. Don't ever have to worry. All you have to do is pay the property taxes, and that's it.

SPEAKER_03 3:08

Right.

SPEAKER_04 3:08

You actually don't even have to pay the insurance.

SPEAKER_03 3:11

Oh, right, because you only have to have an insurance if you're gonna get it. If you have a mortgage, if you have a mortgage, right. Good point.

SPEAKER_06 3:17

Yep.

SPEAKER_03 3:18

So that's gonna be my goal. Is try to do that. Now, can you do that on any salary? Like, so you would have to would you have to earn more, say not spend as much? Because I think a lot of I think a lot of us spend a lot of money. More money than we should spend.

SPEAKER_04 3:36

Yeah, you have to I I mean it it's just like saving. It I mean, it's just like saving. You have to make sacrifices and you know, I was just telling you, I haven't taken the vacation in five years because we are dumping all of our money into the house to pay it off. Uh, and I've gotten it, I've it I've gotten it like 80% paid off in two years and three months. Just amazing pouring money into it.

SPEAKER_03 3:59

You know what I feel? Um I go on vacations and stuff, right? I just feel they're highly overrated.

SPEAKER_04 4:08

Well, the vacation I took in Greece in 2021 was an incredible vacation. That was that was amazing. Uh for me, going to Cancun or Riviera Maya and drinking out of a pineapple and sitting by the pool, like who cares? Like I don't like I've done that a million times. Like, I don't care. You know, um, also I've traveled a lot internationally. I've been all over Europe. I haven't been to Asia yet, but I've been all over Europe. Uh I've been to Mexico, I've been to South America, I've been to Argentina. I don't I don't really have a desire to travel and see different places. I've seen a lot of the world.

SPEAKER_06 4:44

Yeah.

SPEAKER_04 4:45

Um, I want to travel in the US. There's a lot of things in the US I haven't seen yet.

SPEAKER_03 4:50

Yeah, yeah. You know, I agree. Um, yeah, so that's kind of like my thing now. I I said, how many cruises are we gonna go on? How many? It's that like I I live at the beach. I don't need I don't need to see, I wouldn't mind seeing a mountain here or there, but I've seen it before. Like I'd rather just hunker down, take the time off, but just stay, you know, still take your vacation, but use it for meaningful relationships and meaningful things. Like going away and dumping all this money, like you said, on pineapples filled with alcohol is just I have a different perspective.

SPEAKER_05 5:25

For me, we like to take certainly our seven-year-old, the little one's too little, but the family vacation with the daughter at a park or whatever, that is she just has so much fun and talks about it so I mean so much so that she looks looks forward to the next year. She wants to go again for her birthday. So those are the vacations we did. The family thing.

SPEAKER_03 5:45

You could make a day trip out of going to a park somewhere. Yeah, but she doesn't or an overnight.

SPEAKER_05 5:49

You don't have to go away for like But we do the Virginia thing because there's two parks, and you I mean you really gotta spend four days to get to both parks. Yeah.

SPEAKER_04 5:56

There's there's a handful of states I haven't been to. I haven't been to Montana, I haven't been to Idaho, North Dakota, South Dakota, Arkansas, Oklahoma. I think those are the only states I haven't been to, so I want to see them. Also, one of the things I'm doing is I'm trying to get DJ gigs around the country so I can go see different places. Write them off. Well, no, I mean I can't really write them off, but um, like there's actually a club in Anchorage, Alaska. Cool. And I emailed them, and and look, I've been in in Alaska, I've been to Juno, I've been to Homer, I've been to Dutch Harbor, I've been to Kodiak, but I've never been to Anchorage, and I'm like, it would be cool to go to Anchorage.

SPEAKER_03 6:33

Yes.

SPEAKER_04 6:33

You know?

SPEAKER_03 6:34

And it's a good reason to do it, right? Yeah. Yeah. But Nick, what I'm talking about also is just like these big fancy vacations that are kind of like it's just like a beach thing, or that's what I'm talking about, really.

SPEAKER_05 6:50

The all-inclusive.

SPEAKER_03 6:51

Yeah, the all-inclusive.

SPEAKER_05 6:52

Like we did it once and we actually weren't impressed. We're like, eh.

SPEAKER_03 6:55

It's so overrated. I always feel like I spent I wasted seven now to go away for two people. By the time you get home, it's like seven grand. By the time you pay for airfare, your pet sitting. Um, you know, you know, you have pets that need care, and then you're worrying about the pets, and you're worrying about this and the how you know why? Why even bother? I love my house. I just want to be home.

SPEAKER_06 7:21

Yeah.

SPEAKER_03 7:22

I have a a uh an HOA. Look at where you live. You could go to the beach, the the club, you know.

SPEAKER_04 7:29

So I have to tell a story about my brother, and I hope he doesn't listen to this on a podcast. But he um he took a vacation to Bora Bora for like 10 days. How much did that cost? Uh he actually the flights and the resort were free because he used points.

SPEAKER_03 7:46

Okay.

SPEAKER_04 7:46

But then he spent a bunch of money on food and clothes and stuff like that, so it wasn't free. And then a month later, he took a vacation to Cancun. Like a month later, like another eight-day vacation to Cancun.

SPEAKER_03 7:59

Why?

SPEAKER_04 8:00

I I don't know. And then uh he uh then I I talked to him a couple days ago, and he had been back from Cancun for one week, and he's like, I gotta take a break. And he's like, We're we're gonna we're gonna go spend the weekend in Cincinnati. And I'm like, I you know.

SPEAKER_05 8:14

Wow.

SPEAKER_03 8:15

So now a weekend trip is like three grand. I mean, it always is. By the time you pack, you get your transfer, you get your pet sitting, you get your food, you buy some new clothes, you buy some things, you buy eat out every single meal. It's ridiculous.

SPEAKER_05 8:32

It's a lot, yeah. Hey, we got a question on the budget blinds text line. Uh, this individual wants to remain nameless. The house is paid for, uh, but the homeowner's insurance is so high. Should I just not worry about homeowner's insurance at this point? Well, the question is where do you live? Yeah, he didn't say that.

SPEAKER_04 8:47

Yeah. So if you're on the beach, I'd say uh keep paying the homeowner's insurance. But, you know, do you remember Hurricane Florence back in 2018? How could I forget my daughter was born during it? Yes, yes, that's right. So um, you know, there there were areas that were not in a flood zone that flooded. That's you know, like they were nowhere.

SPEAKER_03 9:09

But those people didn't have flood insurance, so they really lost.

SPEAKER_04 9:12

Yeah, it was terrible. So I I'm I paid the insurance. Like I, you know, but you but legally you don't have to. Like, if if he wanted to stop paying the homeowner's insurance, he could.

SPEAKER_03 9:23

Isn't a lot of your area in a flood zone? Kind of a low-lying area.

SPEAKER_04 9:29

I don't know about my area. My house is at 17 feet elevation. Oh. We're actually not in a flood zone.

SPEAKER_05 9:35

And they considered ours not to be, believe it or not, even though we're kind of close to one of the tributaries to the uh intracostal waterway. And the water, because of Florence, remember it ended up being a rain event more than anything else. Yeah, it got within like a hundred feet.

SPEAKER_03 9:48

We had a bunch of that's the worst you've ever seen since you've been here.

SPEAKER_05 9:51

Ever, and it's never gotten close. But the people in the back all flooded.

SPEAKER_03 9:54

Yeah, I remember that John Henry. Yeah.

SPEAKER_05 9:56

Uh and even in the back. Yeah, it was bad. And it was kind of water. They were telling us, oh, the water's creeping up, and we're like stuck, you know, in Greenville because we had a baby. Uh and it she was a preemie, so we had to stay, and they you know, we're getting reports like oh water's getting closer. Oh, water's starting to recede. You're good.

SPEAKER_03 10:15

No, she was born early. Yeah, like that early. A month early. Oh, a month early. Yeah, that's still a lot.

SPEAKER_05 10:20

They still wanted to keep her just to, you know, she was a little small.

SPEAKER_03 10:23

Yeah.

SPEAKER_05 10:23

But you know, and we evacuated because they told us, if you remember, yeah, this thing's coming at us at a four. And it was like, oh, we gotta get out of it. And my wife is pregnant. It's like she she was like, I need to go. They closed down her wing at the hospital where she used to work. Uh-huh. She was baby, baby nurse, labor and delivery. It's like, they're we're closing this down. We're only keeping emergency services open because that's how bad it was. And she was that pregnant. It's like, I I can I go? I was like, Yes, I'll take you. Well, I mean, you know, my wife is scared. We get there, we think, okay, we're good, you know. We didn't bring anything, just the bare minimum, just to stay at her friend's house, and wow. She goes into labor.

SPEAKER_03 11:00

You know, I was thinking uh a couple of years ago, uh, we had a staycation with friends. We had a staycation and we invited friends over to stay with us at our house, and we just played tourist at our house because we had the beach, we had the beach club, you know, the ocean club. Then we were like, you know, we did things during the you know, during the week. We had so much fun really exploring. Yeah, there's some beautiful places that are within an hour drive of right here.

SPEAKER_04 11:29

I've never been to Greenville. I still have to go to Greenville. Oh, Greenville's beautiful.

SPEAKER_03 11:33

I only go because my daughter lives up there. But you have you ever been to Cypress Garden in Monk's Corner? It is breathtakingly gorgeous. Have you ever been to Vareen Gardens up in Little River? It's beautiful. These are all drivable.

SPEAKER_04 11:49

There's another place uh north North Charleston, the inn at Middleton Plantation. Have you ever heard of that place? Incredible. North Charleston. Yeah, like way up north.

SPEAKER_05 12:00

This guy gave us an update. He lives off Homestown Road in Surfside. Keep the insurance still.

SPEAKER_04 12:05

I mean, I I me personally, I would keep the insurance. I would. Also fire. You know, if your house burns down, then you're totally hosed. True. True. Hosed.

SPEAKER_03 12:15

Excellent use of that word. It's your biggest investment. It is. Um, so it's basically insuring your your nest egg.

SPEAKER_04 12:23

Yeah.

SPEAKER_03 12:24

And um, yeah, I mean, and sometimes when you have uh they they make you buy wind and hail or something like that. Something bit, you know, it depends on the age of your house, too. Because you don't it doesn't have all the you know the fortified uh, I guess, um, building codes in it. So you have to keep take that into account. You know, a wind event.

SPEAKER_06 12:51

Yep.

SPEAKER_03 12:51

These houses aren't really made for that. Now they say they're making houses with the with a new code. How what year did you build your house?

SPEAKER_04 13:01

Uh we moved into it 2024, so from 22 to 24.

SPEAKER_03 13:06

Yeah, so it has all the 2021 code changes in it, and that makes all the difference in the world when it comes to insuring your home and knowing that the roof's not gonna blow off.

SPEAKER_04 13:16

I'll huff and puff and blow your house in.

SPEAKER_03 13:18

I heard it's something to do with some kind of cables to the foundation holding the roof down or something, so when wind gets in, it doesn't like destroy the home. Uh so I don't know much about it, but that's what I heard. All right, interesting conversation. 721. We'll talk more about uh there's a Fed meeting tomorrow. Yes. Yeah. All right, we'll talk about that in a moment. Jared Dillion, next. All right, we're back here with Jared Dillion. So we were just talking about um mortgages and all of that. Uh what will what do you think the Fed meeting is gonna be about tomorrow about tomorrow? What's the bond market doing? Should people buy, sell, move, wait?

SPEAKER_04 14:07

Well, you know, this is Kevin Warsh's second meeting, and at his first meeting, he was very hawkish. He's like, we are concerned about price stability, and he said price stability like a dozen times. And uh he threatened to raise rates. Um, we've had a lot of really soft economic data since then, especially the inflation data. Uh CPI came in way lower, PPI came in way lower, PCE came in way lower, and we also had a bad payroll report. So my thinking is they're not going to raise rates. Okay. Uh the market is pricing in about a 25-30% chance that they're gonna raise rates. Um, you know, I I think that Trump will have a cow if uh Warsh raises rates. Uh I don't think he will, uh, but that's what we're looking at. We're looking at basically like a 25 or 30% chance that he will. Um the bond market, you know, the last time I came in here, I talked about bonds. Um, they are so attractive here. Uh nobody wants them. The bond market has been getting killed since 2022. I mean, you can get a 30-year bond for about 5.2% right now, 10 years for 4.7%. Um, the yields are really attractive. Like, I like it a lot, you know.

SPEAKER_03 15:29

So, what does that mean for your mortgage rates? Because that has a lot to do with your house values, too.

SPEAKER_04 15:37

So, mortgage rates are benchmarked off of 10-year interest rates, and it varies, but usually mortgages are about 2% higher than 10-year interest rates. So, if 10-year interest rates are at 4.7, mortgages are around 6.7. That and that is where they are right now. Mortgages are around 6.7. So, you know, I I've I've said to you before, I think I think mortgage rates are going to come down over time. I think they're gonna come down to about five or five and a half. You'll have an opportunity to refinance, you know, everybody will. Um, but uh that's gonna be a slow process. But I do, I do think that's that's my personal view that interest rates are gonna be coming down.

SPEAKER_03 16:20

So you know, uh I was thinking with this um uh mortgage rate uh thing about refinancing down the road, because a lot of people are saying that you could do that and that way get the real estate market going. The thing is, is don't shouldn't you wait till it's like two points less?

SPEAKER_04 16:42

Uh actually it it makes sense to refinance when rates go about a percent lower than your mortgage.

SPEAKER_03 16:50

Just a percent is enough.

SPEAKER_04 16:51

Just a percent is enough. Yeah.

SPEAKER_03 16:53

Okay, and you have to plan on keeping your home. Like if you're moving, then that's a silly thing to do, right?

SPEAKER_06 16:58

Yeah.

SPEAKER_03 16:58

So what is the payoff amount? Um, like like how many years, like five years if you're gonna stay another five years, or when is it worth it?

SPEAKER_04 17:09

Well, it's gonna cost you about two thousand dollars to refinance because you have to get an appraisal, you have to get all this stuff.

SPEAKER_06 17:15

Right, closing cost closing costs.

SPEAKER_04 17:17

So it's about two thousand dollars, but your mortgage payment will be about two or three hundred dollars less. So that'll pay for itself in about a year, maybe even a little less. So as long as you're gonna be in the house for like another two or three years, it still makes sense to do it.

SPEAKER_03 17:32

Okay. Yeah. All right. It's 7 30. We're gonna take a break. We're gonna um uh get met more with uh Jared Dillion in just a moment. If you have any questions for him, text in on the Budget Blinds text line, 843-798-talk 798-8255. We'll be back in a moment. All right, Jared Dillion is here. Uh, do you have any uh gigs coming up?

SPEAKER_04 17:59

Uh September 12th, I'll be in Seattle.

SPEAKER_03 18:02

Nice.

SPEAKER_04 18:03

Um playing at a festival, and then September 19th, I'm playing in Chattanooga.

SPEAKER_03 18:07

Uh-huh.

SPEAKER_04 18:08

Um there's a club there. I've never been to Chattanooga, so that'll be fun. Yeah. And uh October 7th, I'm playing in Miami. Cool. Is it that same place? What's the name again? Do not sit on the furniture. I love that name.

SPEAKER_03 18:21

That is great. Uh, is there any furniture in there?

SPEAKER_04 18:25

Uh, if you if you get bottle service, you can sit down.

SPEAKER_03 18:28

Okay. Then you can sit on the furniture. Yeah. Um, so what else did you want to bring up?

SPEAKER_04 18:34

Anything else about you want to talk about these government grocery stores in New York? Yeah. So I think people are kind of not accurately predicting what's going to happen with this. Oh. So Mamdani said that uh, you know, staples like bread, meat, eggs, milk, stuff like that are gonna be 30% cheaper.

SPEAKER_03 18:55

Okay.

SPEAKER_04 18:55

So here's what's gonna happen. They're gonna open the stores, day one, people are just gonna clean off the shelves, buy everything. They'll be out. But it's perishable. And then they're gonna they're literally gonna go on the sidewalk and resell it at full price.

SPEAKER_03 19:11

I didn't think about that. Yes.

SPEAKER_05 19:13

Why don't they just offer them more money on their snap cards instead of trying to do this whole debacle?

SPEAKER_04 19:19

Because Mamdani wants to put the privately run grocery stores out of business. He only wants government-run grocery stores because he's a communist.

SPEAKER_05 19:27

So this isn't really a plan to help feed the poor in New York. This is a plan to destroy corporate America. Yes. Well, that's in other words, but here's what's gonna happen. He's a typical socialist, he's a destroyer, not a builder.

SPEAKER_04 19:39

Yes. So here's what's gonna happen. If you live in Union Square, if you live on the Upper West Side and there's a Whole Foods or a Trader Joe's, you and you and you're wealthy, you're not going to the government grocery store. No, right? You're gonna go to Whole Foods and Trader Joe's. So what this hurts is the little grocery stores, the bodegas on the corner, those are gonna go out of business fast, right? Because their clientele is just gonna go to the government grocery stores.

SPEAKER_03 20:08

And those are always a little bit more money because they're convenience stores. Yeah, you know, and they don't have the stores are always more right.

SPEAKER_04 20:15

So yeah.

SPEAKER_03 20:16

Yeah. Now the other thing is there's a lot of bodegas, a lot. Boga does bogadas.

SPEAKER_04 20:23

Do you think that anybody will be prosecuted for stealing from these government-run grocery stores?

SPEAKER_03 20:31

Oh, you oh, but they need it in. Don't aren't they gonna have loss prevention plan in in place?

SPEAKER_04 20:35

Dude, people are just gonna steal from this. Like I mean, so basically it's you know, it's gonna be taxpayer dollars funding theft, basically, is what's gonna happen. Yeah.

SPEAKER_03 20:51

I didn't think about that, but if they're not, if they're already not stopping shoplifters in regular stores or prosecuting them, then I mean it's just Well, what's the difference if the money is they're just gonna go in and take it?

SPEAKER_05 21:03

It's not one by our own politicians or the people that vote them in. What's the difference?

SPEAKER_04 21:07

Not only that, you know, the employees of these grocery stores are gonna be communists. So, you know, when they get the deliveries of food, they're just gonna sell it off the back of the truck. They're just gonna sell it off the back of the truck. It the whole thing is gonna be a complete disaster, you know.

SPEAKER_05 21:24

Okay, so uh didn't they say I thought the number was like 30 stores within the next couple of years, right? And then they took that down. So what are we talking about five stores? Five stores now. Okay, yeah, at a cost of how much?

SPEAKER_04 21:36

30 million. Okay. Yeah.

SPEAKER_05 21:39

So and nobody thinks that this is a bad idea.

SPEAKER_04 21:42

You know, it's funny. I was talking to one of my New York buddies yesterday and he's a Democrat, but he's uh he's more of a centrist Democrat. He voted for Cuomo and I said, Let me ask you a question. If you had the election again today, would Ma'am Donnie get elected? And he said absolutely yes. He said, People love this stuff. Um I'm like, all right, well, you're gonna you're gonna get it good and hard.

SPEAKER_03 22:07

You know, he he has so much charisma. This guy he is, you know, when they talk about central casting, I mean he's just perfect, he's got that charisma, and it's very cultish where he's gonna be. You mean like Obama did? Yes. That's the problem. You have to be where be aw just be very, very cautious around people who are telling you all this stuff with a smile and a laugh and a handshake and a pat on the back.

SPEAKER_04 22:38

Have you ever seen it? Really disturbing. Have you ever seen any pictures of Ma'am Donnie when he's not smiling?

SPEAKER_03 22:44

No.

SPEAKER_04 22:45

Well, I have, and he looks satanic.

SPEAKER_03 22:48

He looks more like a terrorist.

SPEAKER_04 22:50

Like I I actually have a uh a picture up on my up on my Twitter. Oh, yeah. Uh from a couple days ago. Um, yeah, like when he's not smiling, like you you look at his eyes and you're like, this this guy would kill people. He absolutely would.

SPEAKER_05 23:07

What do you feel about the people that have organized this petition uh to keep bar him from the 25th uh I guess memorial of 9-11? They don't want him anywhere near the grounds when they read the names, nothing. Do you think that that matters to him? I say no, but do you think he's still gonna show up?

SPEAKER_04 23:27

Uh, I don't know if he's gonna show up. Knowing him, he probably will. Um but um Liz is trying to find this. I think he she went to the side. I passed it. Yeah. Um, I mean, I'm a 9-11 survivor. Like, this guy is a disgrace. I don't want him anywhere near this.

SPEAKER_03 23:44

Right. You know, I wonder why people don't realize it. What is it? Who is it that's in the city? Oh yeah.

SPEAKER_05 23:54

Who is voting for him?

SPEAKER_04 23:58

Uh I don't know. White people.

SPEAKER_03 24:06

Yeah, I saw this article. Cops fume as Mam Dani urges New Yorkers to take to the streets to protest Netanyahu because he's been told he cannot arrest Netanyahu. Um look at that picture. Yeah. Yeah. He's definitely a wolf. Yeah. And and there are people that are just enamored with this guy. And I've I have watched interviews with him, like on Fox. Who was it, Shannon Bream or one of those blondes? And she was like laughing and fixing her hair and talking, and and I'm like, he has completely disarmed her. But then did you see the interview she did with that socialist?

SPEAKER_04 24:54

Yes, I did. Oh, yeah. Did you see that?

SPEAKER_03 24:58

Kavac, yeah, I know. She was with the red glasses. Yeah, but she was not enamored by that person.

SPEAKER_05 25:04

So it's all in the presentation, isn't it?

SPEAKER_03 25:07

I'm telling you, it's it was the same blonde. I forget her name. Which one is she? It's not Shannon Bream.

SPEAKER_04 25:11

Shannon Bream. It's not Shannon Bream, it's somebody else. Are you sure? I'm pretty sure. Let me look it up.

SPEAKER_03 25:15

No, I think it was Shannon Bream now that you're talking about it. I have this. It's not the Martha one.

SPEAKER_05 25:19

Right, I have this. I'll look it up.

SPEAKER_03 25:21

Yeah. But when she interviewed Mom Donnie when he was running, she was fixing her hair, leaning in, laughing at all his little jokes. But when she did it with this socialist woman who was just looked like how she was talking, yeah. Yes, yes.

SPEAKER_05 25:43

Her name is Megan Romer, the person you're talking about. I'm looking up the host.

SPEAKER_03 25:47

Okay. I I'm telling you that's Martha McCallum. It was Martha McCallum. Right. Play that clip because that way people understand.

SPEAKER_04 25:57

By the way, that's gonna be a commercial for every Republican campaigning next year. You know, do that to him.

SPEAKER_01 26:06

She did not do that to him.

SPEAKER_05 26:08

Here's just a clip.

SPEAKER_01 26:09

So we're gonna put up on the screen a few of the things that are part of your platform, but I want to ask you, just give me sort of a true or false on these. Um abolish the Senate. True. Okay, replace the presidency and Supreme Court as we now know them. Yep. Abolish ICE.

SPEAKER_03 26:26

Yes.

SPEAKER_01 26:27

Absolutely. Abolish borders and give amnesty to anyone currently in the U.S. illegally. As a long-term plan, yep. Defund the Pentagon. Absolutely. Abolish prisons, at least in large part. Yeah, again, that as part of a long-term program, yeah. Okay, so no prisons. Uh government or public ownership of most large corporations.

SPEAKER_05 26:53

Yeah, absolutely. Okay, that's where that clip ends. But that that's the general feel of the whole thing. It's just it's I I don't I don't understand wh why this again, these people, they're just they don't build anything, they tear things down.

SPEAKER_03 27:08

I I have to play for you. This is Martha McCallum inter interviewing Mamdani back in October 2025, just in comparison.

SPEAKER_00 27:17

And to one that's affordable for each and every New Yorker. Legitimate.

SPEAKER_02 27:20

And I want to get to that, uh, absolutely. But do you believe that Hamas should lay down their weapons and leave the leadership in Gaza?

SPEAKER_00 27:27

I believe that any future here in New York City is one that we have to make sure that's affordable for all, and as it pertains to Israel and Palestine, that we have to ensure that there is peace, and that is the future that we have to fight for.

SPEAKER_02 27:38

But you won't say that Hamas should lay down their arms and give up leadership in Gaza.

SPEAKER_00 27:42

We don't really have opinions about the future of Hamas and Israel beyond the question of justice and safety, and the fact that anything has to abide by international law. And that applies to Hamas, that applies to the Israeli military. Look at that, you could ask me about.

SPEAKER_02 27:54

Okay. Um, one last thought on that. You have said that you would arrest Netanyahu if he came to the United States.

SPEAKER_03 27:59

You've been very outspoken and to one that's well, anyway, we know that he can't do that.

SPEAKER_00 28:03

No, he can't.

SPEAKER_03 28:04

Do you see how he's smiling what he's saying? That you're so distracted, you're not listening to the words. And she didn't go through a checklist with him like that. But I bet you he would agree to all that. I bet you he supports that woman.

SPEAKER_04 28:21

One of the things they're talking about right now, this is actually on TV right now. So Mamdanny is doing his pieta tear tax, right? The second home's worth more than five million dollars in New York. So I don't know if you know this, but the city government has a database of basically every piece of property in New York.

SPEAKER_03 28:39

Okay.

SPEAKER_04 28:40

And they took every apartment or home that was worth more than five million dollars with the names of the owners and the address and put them in a spreadsheet that you can download off the city website.

SPEAKER_03 28:56

Okay. Well, I guess you could do that.

SPEAKER_04 28:59

So he basically just he just doxxed everybody. Like if you want to go kill rich people in New York, you have your name, their names, their addresses.

SPEAKER_03 29:09

I think that's why they do it. Yep. Right? To terrorize people into being like, I'm out of here.

SPEAKER_06 29:14

Yep.

SPEAKER_03 29:15

Why do they want to do it? So they can have tyranny over New York City? You know, it's it's funny because the biggest city, that's the capital of the world if New York City.

SPEAKER_04 29:25

If you look at um gosh, what was I gonna say? Um I lost my train of thought. That that's terrible. It happens.

SPEAKER_05 29:35

I'll just, you know, the meme that's been circulating a lot over the last couple of days, and it it's just a meme, but it is it's uh it's a chilling depiction, and it shows the pictures of the Twin Towers on fire and Montomini standing in front holding a sign saying, I'm glad you forgot. There's uh I I remember what I was gonna say.

SPEAKER_04 29:55

Um there, if you go on Twitter, there's all these right-wing people who are like posting things saying that socialism doesn't work, it's failed everywhere it's been tried. It doesn't work. Why would you vote for something that doesn't work? They don't care that it doesn't work. That's the whole point. Yeah, that's the whole point.

SPEAKER_05 30:15

No, but because they just want to destroy the system as it is. Yeah, they don't care that it doesn't work. That's not an argument.

SPEAKER_03 30:22

Yeah, well, we just had this conversation. Yes, we did.

SPEAKER_05 30:25

Yes, we did.

SPEAKER_03 30:26

I am a firm believer that the creep of socialism will end. I think we're too much of a capitalist, free-thinking society that we will not see it in our lifetime.

SPEAKER_05 30:41

Well, you have to remember too that the mainstream media really is promoting a lot of this. And Fox, too, because it gets clicks.

SPEAKER_04 30:48

I think I think 2028 is gonna be a referendum on socialism. And it's I think it's gonna be Rubio versus AOC, an anti-communist versus a communist, and that is your choice. Did you we are gonna have a referendum on it?

SPEAKER_05 31:02

Did you hear what President Trump said? It was like an off-the-cuff kind of moment. He said, Well, what do you about what about the next president? Don't you think he's gonna remove all the gold that you've installed? And he said, Cubans like gold.

SPEAKER_03 31:16

He did say that.

SPEAKER_05 31:17

Yes, he thinks Rubio is gonna be. That's yeah. That's what I think.

SPEAKER_03 31:23

I think they're more on the same page than he and JD Vance.

SPEAKER_05 31:26

I think JD Vance is doing a good job doing the things that he needs to do, but I think he and Rubio are in lockstep on things and thought process. That's just my yeah, you know, yeah, observation.

SPEAKER_03 31:37

But the word on the street was last Friday, you know, JD Vance and somebody else, I don't remember who it was, was giving Trump the what for in this whole Iran thing. And uh I don't know if any of that's true, but they had leaked that we were running out of weapon uh bullets or something. Yeah, and then it was a leak. I don't know. 751. Let's take a break. We'll be back to say goodbye. I was reading in Fox News, Treasury Secretary Scott Fescent said on Hannity that he agrees with Elon Musk's prediction that artificial intelligence will produce so much abundance that Americans won't need to save for retirement.

SPEAKER_04 32:17

I I don't understand. I don't understand how that works. I don't think that's true. And if it is true, it's not gonna happen in the next 10 or 20 years, it's gonna be like 50 to 100 years. So, I mean, maybe Elon Musk is right, but I mean, I wouldn't stop saving for retirement just because Elon Musk says we're gonna have so much abundance.

SPEAKER_03 32:37

Musk said, um, let me see here. Don't worry about squirreling money away for retirement in 10 or 20 years. It won't matter. AI will exceed the intelligence of all humans combined, and that humanoid robots will eventually outnumber people.

SPEAKER_04 32:58

Yeah. Once again, things happen a lot slower than you think they know. You know what I mean?

SPEAKER_03 33:06

The 2026 Social Security Trustees report released in June projects the retirement program's primary fund will be depleted in 2032, triggering an automatic 22% benefit cut for future and current beneficiaries unless Congress acts.

SPEAKER_04 33:26

Well, we don't have enough time to get into the social security issue. If you want to make like a note, we can talk about it when I come back in two in two weeks. We have a question too. Someone wants to know what it looks like under socialism. We can literally do like a whole hour on Social Security. It's a fascinating conversation.

SPEAKER_03 33:40

I do want to talk about that.

SPEAKER_04 33:42

Yeah.

SPEAKER_03 33:43

And when to take it.

SPEAKER_04 33:44

Yep.

unknown 33:45

Yeah.

SPEAKER_03 33:45

I we have a philosophy on that.

SPEAKER_04 33:48

Uh I mean, it depends on your circumstances. I I generally think you should take it as late as you can. Um, I know some people who took it at sixty-two and regretted it because they just didn't have enough money. Um but if you have enough money, and it depends on what your health is. Like for me, like I have lots of savings. Like I can take it at sixty two, it's not a big deal. Right. You know, so anyway.

SPEAKER_03 34:11

All right, I'll send it to you in a message and we could talk about it.

SPEAKER_04 34:14

Okay.

SPEAKER_03 34:14

All right, have a good couple of weeks. We'll see you back next time. See ya.