Bill Meyer Show Podcast - Sponsored by Clouser Drilling www.ClouserDrilling.com - 04-09-25_WEDNESDAY_8AM

Episode Date: April 10, 2025

04-09-25_WEDNESDAY_8AM

The Bill Myers Show podcast is sponsored by Clouser Drilling. They've been leading the way in southern Oregon well drilling for over 50 years. Find out more about them at www.clouserdrilling.com. That meeting tonight with the city of Medford, I just want to make sure people knew that this is not an actual city council session. This is what's called a study session. And so it's an informal conversation about the city business and what they're informally conversing tonight.

And by the way, it is six o'clockclock six o'clock with this is going on in the Prescott room this is in the Medford Police Department area over that neighborhood here they'll be talking about the vision implementation committee update Oh vision 2040 there's a lot of climate friendly equitable community nonsense in that report I'm sure that the council will be listening to, but of course, they've been ordered by a past governor, right? Executive orders. There we go.

Eugene Emeralds, number two, that's going to be the, uh, the one I really watch because not that I'm against baseball, but I'm really for the taxpayer. And I figured that, um, any kind of creative funding will be essentially a giveaway for the Eugene Emeralds. There's a reason why Eugene turned them down for their $100 million ball field there. They've been there a number of years. They've been there a number of years. So we'll see what the sales job will be like.

Maybe we'll talk a little bit more about that on Conspiracy Theory Thursday, but if you want to attend the meeting, that's where you go. Eleven minutes after eight, this is the Bill Meyers Show. This hour of the Bill Meyers Show is sponsored by Fontana Roofing. For roofing gutters and sheet metal services, visit FontanaRoofingServices.com. Here KMED in Krantz Pass on 1059 K290 AF Rogue River in South Jackson County on 1067 K294 AS Ashland. in He's currently available free of charge on Substack. Great reason to sign up on Substack. And his latest book, 2008 What Really Happened. 2008 What Really Happened.

Todd, it's great to have you on. Welcome to the show. Bill, thanks for having me back. It's delightful to be with you again. Yeah. And I had to tell you, 2008 What Really Happened was a great read. I'm about halfway through it. I'm kind of skipping in and out of it, but you ended up doing a real history then of

what happened to lead up to when everything just went to hell in a hand basket in the big financial crisis. The last time we were sitting around here with our hair on fire and thanking everybody, thinking that the world is just going crazy, that kind of thing, right? Yeah, definitely. There was a lot of things that led to that, although they can kind of be boiled down to a couple of key elements, which was first the expansion of Fannie Mae and Freddie Mac,

which triggered the housing bubble, and then the failure of the Federal Reserve to understand that the low interest rates they engineered in the early 2000s in reaction to the collapse of the dot-com bubble only fanned the flames of that housing bubble, which was already in process and brought the housing markets to the point of collapse and then brought us into the downturn and the great financial crisis that followed, and the panic that, you know, kind of sat between those two situations. And of course, the interesting part is, as usual, the big boys were bailed out,

and the little people left, well, screw you, right, essentially? Yes, exactly. And very unfortunately, in addition to that, you know, the Fed has largely failed to understand the role that it played. And as a result of that, they've engaged in the same policies, you know, after the financial crisis and the recession to try and revive the economy. And in doing so, they've blown asset bubbles at some level in other parts of the marketplace as well. So today, stock prices are very highly valued relative to traditional norms. Housing prices have become very highly valued again.

It doesn't mean we're on the verge of another collapse because lending practices and things have changed some. Well, I also think though that it's a bit frozen up right now because if you have a 3% mortgage, unless you die, you're not giving that up, are you Todd? You're just not going to? Yeah, that's one factor. People don't want to sell and give up that and have to refinance at a higher rate. And younger people can't afford to buy a home at these prices. Incomes just don't line up with what the cost of mortgages are. And so it's freezing, it's locking some people in places you're suggesting and freezing others out of the market right now. So it's a great book.

I highly recommend people pick up a copy of this, 2008 What Really Happened. The reason I wanted to invite you back on though is that you seem to have a pretty clear eye view on a lot of things financial and you're on Wealth in Progress, a newsletter. I'm going to sign up for that. I didn't realize you put that out for free. I'm going to sign up for that and keep up with you. I read a lot of financial blogs and I'm kind of reading a lot of whipsawing back and forth too on various people. I don't know, is there anybody that's kind of in the middle of it? It's like it's either that the tariff wars are the worst thing that ever happened or it's like, hey, it had to happen, shut up, let it play out. It seems like there's two ways of looking at

it. Is there any way to kind of split that baby, you know, split that in half and come somewhere in the middle of it and understand that, yeah, there's really problems here that needed to be addressed, but maybe this wasn't done the right way or quite with enough finesse? I don't know. How do you see it playing right now? In fact, you have a brand new piece out this, Tariffs and Trade, Liberation Day or Damnation Day, right? It's either or. Exactly. Yeah, that's part one in what's gonna be an extended series that I dedicate to this issue. And I'm glad you brought it up the way that you did

because the idea behind the substack newsletter, which as you mentioned is currently free, is that I want to write, kind of for the middle 60, 70 percent of the country who wants a factually based analysis of what's happening and not something that is either on one side just anti whatever is getting done or on the other side just pro whatever is getting done. Because the people that are probably most upset, that are probably most upset about tariffs are people that profited greatly, most likely in the status quo, which is in trouble in the first place, right?

Is that kind of where we're coming from, really? Well, there's no question that that's true. So, but you know having said all of that, I do think that there are some very important and legitimate reasons to reconsider kind of the global trading structure that has evolved after World War II. And we could start with, for example, if we wanted to put these tariffs into a couple of different categories, we might start with strategic tariffs. Which would be tariffs designed to to deal with you know for lack of a

better term geopolitical issues and there's no there's none of those issues that is more important than our relationship with China. Who also happens to be. The biggest. Driver of the trade deficits that developed in this country

over the last few decades. And so I do think that there's a need for resetting of the relationship with China. We went down this path with them after communism had failed so miserably. And it left so many people, by many estimates, as many as five to 800 million people impoverished, you know, living on less than $2 a day, we went down this path of helping bring them into the international economy marketplace global trading system, whatever you will, kind of under the idea that upward mobility for their citizens would lead eventually to other freedoms, political freedoms and democracy. Which is kind of a nonsense thing. That's a nonsense thing that neoliberals believe in the United States, that all of a sudden trade and we'll be happy and then Jeffersonian democracy breaks out, right?

Exactly. I think that was one of the great miscalculations. And unfortunately, what has happened is it's only resuscitated and emboldened a force in geopolitical politics, which is now engaging in outward aggression against the interests of the United States and other free countries on many fronts, including trade. And so that is something that has to be addressed. And given how far they have developed, you know, they've become the second largest economy in the world, second to ours. And as I mentioned, you know, they're the major source of our trading deficits.

That is a relationship that needs to be addressed, you know addressed in a very forthful and farsighted way. And there are going to be costs to addressing that because they've become such a big player on the international scene and because our relationship economically has become so deep with them in terms of source of goods, supply chains, and all of those types of things. So I think that area strategically is one that has to be addressed, and there's going to be some difficulty, and it's better now than later. Todd Sheets joins me, by the way.

He is, of course, talking about On Wealth in Progress. That's his newsletter available on Substack, but 2008, what really happened was his book, which I just think was great. It's why did you back in here? One of the things I wanted to dispel, and I think you addressed this in the liberation or damnation day piece, is that this is not Great Depression triggering kind of stuff. And I'm glad you brought up something in this. I'm just doing this from memory after having looked at it last night. But one of the biggest things that caused the Great Depression, they always want to

say it was a smoot-holly tariffs, right? That's what I heard for a long time. I heard that when I was a kid, in school, in history class, when we go over that kind of stuff. That's what I was told. But then what they never talk about were sovereign defaults, countries defaulting on their debt after World War I. Wasn't that part of it?

That barely gets a mention, but that was really what was going on, wasn't it? The interlocking collapsing of economies? Absolutely. There were two very powerful elements to the Great Depression. One was international and one was domestic. And the international element has not gotten enough attention. And I think even the attention that it has received has been somewhat misdirected. But if we go to the core of the issue there, it's what you just brought up.

World War I caused the major European economies, which were basically Germany, France, and Great Britain, to incur enormous deficit spending to finance their war efforts, which led to extraordinarily high debt levels that they couldn't afford to service, and enormous inflations. Which you know push their currencies completely out of alignment. And those issues were never resolved. Throughout the nineteen twenties they engaged in a number of failed

policy attempts. To try and bring things back into alignment. All of which failed and all of which collapsed in the early 1930s. And that was the key driver of the international side of the Great Depression, which many people here, you know, we were just taught that this was primarily a domestic event, and that was simply not the case.

Now domestically, but let's just stay with that for one second. The key takeaway there is fiscal responsibility. Now if you get into a war, you may not have a choice, but it shows how devastating, you know, allow significant deficits that push indebtedness up and that inevitably lead to inflation can be, or even substantial, you you know those were the major and leading economies of the world at that point in time. So that was one whole lesson to learn there.

The second big factor was domestic which was that when the banking failure started here in the United States which was in late nineteen thirty. After the economy had turned down but not drastically so. The major problem, domestic issue,

was the failure of the Federal Reserve to step in and do the job that it had been created for in 1913, which was to provide liquidity to the system to keep the panics from spreading and causing even otherwise healthy banks to fail. In other words, it was there to always be the lender of last resort, right? Open up the door. Absolutely. Yeah, the idea is a panic starts because there's something wrong with one or two banks in a certain area. People become afraid and they try and take their money out of other banks,

which then forces them to fail even though they're otherwise found. And the Fed was created in 1913 to address that issue. There had been private market systems in place which had addressed that before that time. But the Fed was created in 1913 to do that, and it inexplicably failed to do its job, which the Fed itself has acknowledged now, decades and decades later, that they made these mistakes and that these mistakes were the primary domestic cause of the Great Depression. So the important point that you brought up that I tried to make in that piece is there a fair amount of fear mongering going on from both the right and the left, from people who

disagree with what Trump is doing on these tariffs, and they're bringing up Smoot Hawley as a way to kind of conjure up the potential catastrophe of the Great Depression. Well, yeah, this is the bludgeon with which to apply to Trump's head and his tariff policy, right? Exactly. And the fact of the matter is, nothing that is being done today is a repeat of the mistakes that led us into the catastrophe of the Great Depression. And that's a good takeaway. And that's why I thought your piece was important. And I wanted to share that with people for that very reason.

And like I said, so much of my adult time here on this earth, Todd, has been recovering from my history lessons in government school back in the day. And that's why I even like the title of the book, 2008, What Really Happened. Okay, here's what they said happened, here's what's really happened and all that kind of stuff. So here we are in today's world. President Trump essentially is intentionally dynamiting a bit of the of the old world order wouldn't you say when it would account you know the the globalist neoliberal

trade system which has been our way for what at least since World War two is that a fair assessment of what we're looking at right now at this time with the tariffs that's a perfect assessment of it. Okay, so we're at a controlled demolition. Now, could it be a controlled demolition for not just reindustrializing? Could it be a controlled demolition to get people to buy Treasuries? Because you know, President Trump says he wants those interest rates lower. Well, there's a number of ways you can get interest rates lower so that people will buy homes and open up factories and do all that kind of stuff. You can go into a depression or a recession that tends to take the

interest rates down but that's not fun. You know, nobody wants to do that. Or as Martin Armstrong was writing the other day, you make everybody think that the stock market, you shouldn't have your money in the stock market right now so put it in treasuries. You think that's a reasonable theory? I thought that was fascinating when I was reading about that. Yeah, I've heard that from other commentators who I also respect and think highly of. And I think that my perspective on that would be that could be a residual consequence of what's happening right now. But I don't think it's the driving motivation. You don't? Okay, what do you think is that driving motivation then, Todd?

I think the driving motivation for Trump is that the idea is the idea that this post-World War II trading system that has developed, which initially was started to try and help Europe recover from the devastation that they had brought upon themselves and Japan, and that over time evolved to a somewhat unfair relationship between us and them, which they are more than happy to leave in place for as long as we're allowed for that to happen. In other words, we pay for their defense essentially too, right? That kind of thing. Absolutely. You know, they're engaging in practices that are, you know, unbalanced in terms of trade with us, not to the extent of what

we've seen in China, but they're out there. And we are also paying for their defense systems. And frankly, on top of all of that, they have mismanaged their economies in such a manner that those economies are really no longer sources of growth and upward mobility and prosperity, which means that they have limited value to us as a trading partner. And I think all of those factors, from Trump's perspective, as I perceive, of course, I don't know exactly what he's thinking, nobody does. But you can surmise some of it from your observations of him, sure. Nothing wrong with

that. Yeah. And I think that he's looked at the impact of that and of the rise of China and then now Vietnam and to some extent Mexico. Part of what's happening in Mexico is a reflection of China moving production over there after the first round of Trump tariffs. And he's looking at the impact of that on working class Americans. And he thinks that this whole system needs to be reset to give those people, i.e. the working class Americans, a better shot at upward mobility and to re-level the international trading system in a way that's much more fair from our perspective and gives our people a better chance at rising up.

What does your gut tell you? Since Trump tends to work more from his gut than from any you, since Trump tends to work more from his gut than from any particular set of economic principles, that's just kind of the way he works. Do you believe, given what you've seen so far, that maybe a year from now when we'll be talking about the midterm elections, or maybe in August of next year when we're talking about the midterm elections that will be laughing about all the concern that is being expressed right now. What do you think? I don't know if it'll happen that quickly but I think that there is a very good chance that this will be somewhat like what happened with Reagan in the early 80s where as soon as he came into office, he took on the high interest rates

by giving the Fed the political support they needed to shove interest rates up into the low double digit range. Oh man, I remember that, you know, 30% interest rates, it's what, 12% interest rates on mortgages, I remember it well, I do. Absolutely, even treasury bills got up to like 14, 15%. That's wild. And that kind of thing. 12% interest rates on mortgages, I remember it well. I do. Absolutely. Even treasury bills got up to like 14, 15%. That's wild.

And that kind of thing. And so, and you know, that did lead to a recession, but then those interest rates came down and along with the other reforms that Reagan introduced, you know, it kicked off a 15 to 20 year run of economic growth and upward mobility that really created a new round of opportunity for many people within the country, myself included. I was fortunate enough to come into the workforce at that time. I think the hopeful case here is, Trump lives up to his own self-built reputation, you know, as the artful dealmaker. And he is able to reorder the global trading system in a way that deals with these issues

with China and that recreates a better environment and a better opportunity for working class people who have been left behind over the last 20 or 30 years. And I do think those are his objectives. All right, Todd, final question I'm gonna kind of go here is isn't it a little bit nonsensical to focus on strictly trade deficits? Because when you have the world's reserve currency,

which we have, it's an amazing privilege because we can print funny money and we get real stuff in return. We get to export inflation. It's also a burden though too, because essentially you have to run trade deficits, otherwise there's no dollars with which the rest of the world gets to conduct trade. But yet all I ever hear is talk about trade deficit, trade deficit, trade deficit, as if for some reason it's actually a hard cost. Now there may be cultural costs on factories.

You don't have your comparative advantage to be able to manufacture underwear here as an example. How do you see that? Yeah, I basically agree with you. I'd put these tariffs in three categories. One would be strategic, like what we're talking about with China. A second would be the reciprocal term that Trump's team came up with, which I think is a good one, which involves leveling the playing field, which I also think is a fair and a good objective. And then the third

one would be protectionist, which I think is what you're getting at. And I agree with you to the extent you're pursuing protectionist trade strategies, I think that's a long-term losing game because that's effectively having the government try and direct where the economy is going to go. And there's just too much of a long history of failure of that, you know, to have much confidence in that approach. Okay. So we see kind of eye to eye on this.

It's kind of nonsensical to think that, you know, I'm really upset that Vietnam is making underwear and sending them here. It's just, we're a wealthy country, they're a poor country, relatively speaking. That's the kind of stuff that's going to happen in these sort of worlds. Yeah, hey Bill, I hate to do this, but I've got to jump off for another engagement here. Okay, I'm very sorry. I'll get all your information up and we turn into a pumpkin, but great job on this. Get you all up there. Okay, thanks, Bill. Enjoy talking with you again.

All right. See, I ran along. I turned into a pumpkin with him. But still, you can find out more about Todd, Todd Sheets, and his website, by the way, is on substack.com and just search for on wealth and progress. I will put it up on today's show blog on KMED.com. Some pretty good thinking out there. And it's good to find someone. In fact, he even talks about it, being this moderate sort of in the middle, able to see both sides of it. And I can really appreciate that because a lot of times when you're going and you're looking for information on Trump, it's either like, we love everything this guy does, there's nothing, it's like, it's just the political God and then we hate this guy, he's the devil.

And I think the truth is somewhere in between these extremes. Ready to upgrade your roof? And KMED.com. News Talk 1063, KMED. This is the Bill Meyers Show. And she is Monica. Monica, we appreciate you being here this morning. What's on your mind? I just want to let you know about the gentleman you just had on. I really appreciated that. And that's why I invited him back in.

I was reading his book a few months ago when he first brought it out, and I appreciated his... he's not really looking at it from an ideological point of view per se. It's like he really is a more, hey, he'll slip back and forth depending on what the facts say. And we could use a lot more of that these days in my opinion. Yes. I've been sitting back waiting for somebody to come out and say, okay people, I'm 76 and I've been through so many of these things that just sit back, just wait and see and tune out all the other crap and let it run. But it's going to be one way or the other. Yeah, and one way or the other.

It is beyond our pay grade, okay? That's the one thing we do have to understand. but I did want to try to bring some understanding, and I thought he had pretty good bead on this. There is some necessity to reorder our trade issue. What we want to make sure that we do is that we don't throw babies out with the bathwater, and as an example, crushing Vietnam is not going to help make us great necessarily. We have to maybe pick and choose some of these battles and I think those are now being sorted out because countries are coming and saying, okay, let's cut a deal, let's do something

and then let's get this a little better balanced. And that's good. And that's the way it should. But China is a strategic problem though, more than even a trade problem. China is a horrible problem. And that's why you have to be a little tougher on the China thing. I just want to know why they're still on the stock exchange. They put them on there to help them out. They helped themselves out, that's for sure, but they're still on there.

They are. They were given most favored nation trading status a long time ago and there's been no talk about changing any of that. Yeah, that needs to be changed. That'll kill them. That'll kill them. Now, was there something else on your mind too, Monica? Just curious. The baseball field thing. Yeah, by the way, for people that don't know, let me just mention so they know what we're talking about. Tonight, Medford City Council is going to entertain a talk with the Eugene Emeralds and I'm just very concerned. I'm not a big fan of sports ball socialism. Okay, I've made this clear. If they want to come, that's great. Might be able to help,

grease some skids, but I don't like the idea of taxpayers building them stadiums. That's all. Okay, my husband and I, when he was alive, we always went to see the Eau Claire's when they were here. Then all of a sudden they were gone. But when we went, it was never crowded and it was just a small little stadium area. And we would take our friends with us sometimes and everything. We thoroughly enjoyed it. We'd rather do that in the summertime than go to a movie or something like that. But then they were gone. Now was that when they were the Timberjacks at that point, Monica? It was the Oakland A's. Oh, it was the Oakland A's, just the actual Oakland A's, okay, an earlier... I enjoyed going to see the

Southern Oregon Timberjacks at that point. I love baseball. I mean, I will honestly admit this, of all the sports, I love baseball. And I enjoy that. I think it's a very social sport and a great family oriented. And the thing is, the experience of Eugene with the Emeralds is that, yeah, people will go see them, but it's the same... But how many? It's the same... But how many? It's like a couple...

They didn't do it... It's a couple thousand people that to be able to do that. To build them a stadium, build it yourself. I mean, come on. I don't know what's the matter with Medford sometimes. I'm just like, I'm with you on the other crap too. Well, Monica, the thing about the city of Medford, I'm not blaming the town fathers when and the people. You see, Medford, like every other city in Oregon for the most part, with rare

exception, we've decided to de-industrialize whether, well we didn't, it was kind of forced upon us, whether it was timber or some other issues, and then we have the environs that are saying, you can't do anything, you can't do anything, we don't want you, we want you growing grapes, now we want you growing grope, growing dope, and now it's, now we want you growing homeless camps, I guess is kind of what we're told. But we don't produce anything. And so they're looking at ways other than medical and even medical, even though it's

a wealth contributor or wealth producer for people who are in the business per se, it's an expense on society. They're looking to find a way, looking at trying to get the economic lightning in a bottle that they can get going. And I appreciate that. I really do. But hanging private property or hanging private, taking a private business wants to come to town and you're going to tax everybody else in order to do it, it's just not right. No, it isn't. It's not right for you guys to have to pay for something that it's just like you say maybe the 2,000 people will come, maybe not, but why didn't Eugene agree to it? They have more than we do. Yeah, yeah, they didn't think it was that great of a deal. And one of the biggest

falsehoods that has been foisted upon cities for a long time, Yeah, they didn't think it was that that great of a deal and one of the biggest Falsehoods that has been foisted upon cities for a long time Oh major sports major sports teams coming in there will will make you wealthy and when you actually Figure out all the taxpayer incentives. Yeah certain people get wealthy the team owners get really wealthy Most importantly, you know, that's my takeaway. Well, I just don't know why the Oakland A's left here, and I'm sure it was a money thing. And it, I mean, it's not that there's not going to be that many people that's going to be there, there really isn't. I mean, and what is it for? For the summertime? And then after that? I think some of that though is why they would like us to build them a stadium that ostensibly

we could then sell it or rent it to other people for other uses, you know, that kind of thing. And so the city of Medford then goes, ooh, ooh, something else here that we can, you know, sports, sports, sports, sports, sports, you know, that is going to make us wealthy. So, you know, it's a difference of opinion I'll have with him, but my main thing is that protect the taxpayers and don't just take the hotel motel tax and rape that because the hotel motel tax could go to other uses in town that might be better than a ball game, than a ball field.

That's all. Appreciate the call, Monica. Thanks for that. And 7705633, let me go to next line. Hi, good morning. This is Bill. Hi Jerry. Jerry, hey, here's my probably bad take on the issue of the Emeralds. Okay. I'm gonna equate the Emeralds to China and what Sam and Steve said regarding the

mill as the Trump plan. And I'll just ask myself the question, who benefits from the whole emerald thing if there is a stadium built and if they do come here? It's not going to be you and me, it's going to be the government, the local government. They're going to have us on the hook for paying for the stadium. Pretty much. Yeah, you're right. But of course, they will look at this because they take a certain amount of revenue from Hotel Motel. Anything that they think might help the Hotel Motel thing, I swear that

that is looked at as the only wealth generator for Southern Oregon. We don't want to do anything actually proper that will hire someone, you know, beyond minimum wage or just above minimum wage, you know, cleaning services, you know, that sort of thing, hospitality. Well, I'll tell you this bill we already have the hotel situation taken care of and I'll tell you how and even the hotels know this what's that the location they're right by I5 for God's sake we don't need to what 40 people on a baseball team to fill up a motel room there's no gonna be, like the

lady, the previous caller said, I don't think there's going to be a whole lot of people show up. There might be more initially, and I wouldn't want to knock having baseball because I enjoy what they do right now with the Southern Oregon College team that they have each year. I appreciate what they do. That's great. And you see, it's a wonderful family thing, but it's also done very inexpensively. And something tells me if you put it in a nice, big, shiny new stadium, it's going to

be less family affordable. Just saying. Okay? I'll tell you what. If they wanted to do it, here's what I'd do. Okay. I'd say, screw the hundred million, that's out the window. But we'll build you a stadium that'll look just about like Miles Field did, that was built over

by Walmart. And if you can fill that up, that'll be our pilot program right there. Let's see how much support there is for you. Okay. Jerry, I like that. Appreciate the call. Thanks for making it. This is the Bill Meyer Show. Spring has sprung and it's time to service not provided by Dish. Welcome to the Bill Meyer Show on 1063 KMED. Give Bill a call at 541-770-5633. That's 770-KMED.

Gold price about 30.50. Last time I checked this morning, silver recovering just a little bit. Go KMED! take gold. That is for sure. No one ever says, oh gold, what's that? Nah, I don't like gold. You know, in a pinch it always works there. That's one of the reasons why our friends over at Jay Austin and Company still continue to want to help people get silver and gold in their lives. Silver, gold, platinum, other precious items too. And if you have scrap gold and silver, you're looking at $3,000 gold and thinking, boy, I could get a few bucks here and pay off a few bills or maybe put it in my business or whatever the case might be. Talk with him today. You'll find him at 1632 Ashland Street in Ashland and 6th and G in downtown Grants Pass, fortunereserve.com.

They'll help you on the, well, understand these markets here. But even though gold gave back a little bit through all of this stock market carnage, not really much in the grand scheme of things and still very close to its all-time highs and probably poised to move up as it were because gold tends to thrive especially in uncertain times, special times. I want to give you a heads up for tomorrow. There's been a lot of conversation. We know that the wildfire map is probably going to be repealed, the wildfire hazard map rather, that passed out of the Senate yesterday talking with State Senator Noah Robinson earlier this morning. He made that clear.

It's no guarantee that it will pass in the House if it passes the Senate, but you know, it looks like there's a lot of support and even the Democrats are looking to to do this to to make this happen. So guardly optimistic about that. What's it going to do with insurance? We don't know yet. We don't know. But I wanted to let you know that I invited Steve Yancey from Sky Park Insurance, another one of my big sponsors, and I've been working with him for years. His number is 2615444, if you wanted to call him today.

2615444. Good people. He handles all the different types of insurance. And Lynn Barton is on the other side of it, taking care of the Medicare issues. 499-0958. You're turning 65 and boy you're thinking, hey, I got to get a good advantage plan or some sort of supplemental. Lynn will walk you through it. She walked Linda through it and it just worked out really well. Her number is 499-0958. But either way, just great people. I think you'll enjoy that experience. But Steve is coming on the program tomorrow, okay? Steve, and we're going to be talking about insurance, what it's looking like.

He's been telling me that it does appear that maybe when it comes to rural homeowners insurance, and that's been the big problem, the big problem, that it might be loosening up a little bit. But one of the reasons why it was such a problem was because, well, huge losses. California wildfires, some Oregon wildfires too, and they're writing

huge checks and then they start rewriting the risk map for themselves. So we'll be talking about that tomorrow on Conspiracy Theory Thursday. Steve will be joining me in the 8 o'clock hour. Oregon Edeals has unbeatable offers for you. Grab a $25 gift certificate to our… Another great sponsor, right? 857, breaks too for that matter. 858, email of the day, sponsored by Dr. Steve Nelson, Central Point Family Dentistry, centralpointfamilydentistry.com. And it's on Freeman Way right next to the Mazelon Mexican Restaurant, centralpointfamilydentistry.com. And Doobie writes to me this morning, hey Bill, I like you, I love baseball, but I don't want to pay for a stadium. We used to have

the Medford A's, I believe they were a single a team They played at miles field over by the armory and then the last CBA Standards for minor league players and stadiums were significantly increased Stadiums must have many more facilities now including weight rooms and a clubhouse to name a few The old miles field would not even come close to meeting that standard There is no facility here now that would meet the standard. You know, I'm with you there, Dubie. I would just say or dare say that Major League Baseball then needs to start building some... they need to start building some stadiums for their minor league teams if they want. By the way, it's their farm team. We'll talk tomorrow, okay?

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