Bill O’Reilly’s No Spin News and Analysis - Highlights from O'Reilly's No Spin News - April 11, 2025

Episode Date: April 12, 2025

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Starting point is 00:01:18 Not about that. It's about Donald Trump. What he's doing, how the media is spinning it, all of that. So it's all emotion. And when emotion takes over, your best strategy is to pull back. I'm not doing anything, okay? I'm basically, I'm going to talk to my financial guys after this broadcast. There's maybe one or two opportunities, but they're very conservative opportunities that I might take advantage of.
Starting point is 00:01:50 But when you have a situation that is totally beyond your control, my control, anybody's control. Then you want, pull back. Don't listen to these television nitwits. They don't know what they're talking about. They've got to fill air time. We hear, we're going to tell you some pretty interesting things tonight, things that are going to help you if you analyze them. The first thing is that this is all about power, world economic power.
Starting point is 00:02:23 President Trump wants to increase America's power, and he's doing so in a very, very aggressive way, okay, shock and awe. I would have done it in a different way. I would have done a slower rollout on the tariffs. I would have explained it more. I would have been calmer and allowed the market some kind of, you know, at least the liberation. That's how I would have done it. But that's not President Trump's style.
Starting point is 00:02:53 His style is to throw the hand grenade in, blow everything up. and then come out with a better deal. And he may. You absolutely may. But he might not. And that's where the uncertainty and the panic fit in. And that is the subject of tonight's talking points memo. So let's run it down for you.
Starting point is 00:03:14 Now the turbulent day, I hate looking at the ticker. I have to because of my job. And it's all about China right now. So I do anticipate that a week from today, the leader of Italy, Maloney, is going to show up here, and that is going to start the deal-making process with the EU and with Mexico and with Canada. I think those deals will get done. I could be wrong, but I think the strategy is get the deals done with the EU and the countries in our hemisphere. And then China will be isolated.
Starting point is 00:03:58 Okay? I think that's what it is. Again, nobody's told me that, but this is, I'm reading what's happening. So the United States has a tremendous amount of power over China, and we don't, it's not even, it's not even reported. CNN is openly sympathizing with China. And other commentators, too, they're rooting for China to beat Trump. It's unbelievable. China is the most heinous country in the world by far. As we reported yesterday, we laid it out. Their war machine is being funded by U.S. dollars. Now, this is vital for you
Starting point is 00:04:40 to understand. Every year, the United States pumps at least $600 billion into China. Two ways. The trade imbalance, all right, which we reported yesterday at $300 billion, and investments. Chinese corporations and some individuals, not many, but the Chinese government, buy U.S. treasuries, okay, their bonds, they pay interest, and the money comes out into China. So, trade and ballast $300 billion, and the interest level is $332 billion. That's more than $600 billion a year coming from us to them. Trump knows that's insane because much of that money is used to finance their war machine over there.
Starting point is 00:05:47 think about it. The stats I give you are in stone. Now, the Chinese also invest in the EU, but not as much as here. So China is dependent on the United States. They can hurt us. They pull that investment out of our treasuries. That's going to hurt. But if we take the market, marketplace and say to China, you've got to pay 125% on every t-shirt you sent here, it's going to close down factories over there. Who's going to make that up? Putin. Nobody wants roubles. Okay? I mean, who? So they know that in China. They're blustering now. The Chinese economy will collapse unless a deal is made. All right. Now, I said as much on News Nation last night. Go. They're using the $300 billion trade surplus a year to fund their military machine,
Starting point is 00:06:56 their war machine. That is ultra dangerous. Trump believes it. He's going to crush them economically or at least bleed them until they come to the table and make better deals. There you go. why would they come to, why would they come to the table? What's the theory? Because their economy is going to collapse without the U.S. market. Okay. So that is my belief. All right. And it's speculation, but it's educated speculation. In the next segment on News Nation, I went away. A guy named Scott Galloway shows up. He is a professor of marketing at NYU. He's also on,
Starting point is 00:07:43 on the New York Times Company Board of Directors, so that tells you pretty much all you need to know about Scott Galloway. Here's what he said. Go. I realize it's bad form to comment on a previous guest, but I just want to highlight, in terms of our ability to quote unquote, wreck the Chinese economy.
Starting point is 00:08:03 The largest trading partner of China is the Association of Southeast Asian Nations at about a trillion dollars. Number two is actually the EU at 900 billion, and we're third at 800 billion. So what? The Southeast Asian nations, yeah, they trade with them, okay? But they trade at a much lower level, and they're not using Vietnamese currency to fund anything.
Starting point is 00:08:33 And there's no investment by Chinese corporations to speak of in Southeast Asia. There is in the EU in Japan, but not to the level. of the United States. Now, Gallo is never going to tell you that, ever, because his thesis is that Trump bad. China not so bad. Trump bad. We get this? Okay.
Starting point is 00:08:59 Now, I want you to know the truth. We have leverage over China. I believe a deal will get done between Xi and Trump. Not going to be easy, obviously, but they're going to meet face-to-face. I hope it's in June. I'm hearing in the Gulf. and then let's iron all of this out. We don't need a worldwide economic war.
Starting point is 00:09:19 No one needs that. Everyone will get hurt. United States getting hurt now. Folks are getting hurt now. China, you'll never hear about them getting hurt. It'll be like COVID. So the Chinese government said, yeah, yeah, we had a couple of hundred cases of COVID,
Starting point is 00:09:34 but that's all. Meanwhile, about 100,000 people died. But you'll never get that. They'll never say it. So this is very intense right now, very, very intense. I'm rooting for my country. I'm not rooting for Donald Trump or the Republican Party. I'm rooting for my country.
Starting point is 00:09:55 The trade deals are not fair. Everyone, every honest person knows that. They're not. Let's hope they get better for the USA and that we can de-intensify all of this. That's a memo. I'm still reunying to my family because we're going to Burlington for the event
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Starting point is 00:11:08 as a poll, about a third term for Donald Trump. Do you support or oppose Donald Trump seeking a third term? Support 28 percent, oppose 66. That's about right. People don't want a king. All right. And the Constitution clearly states it's not going to happen. I told you what's it going to happen for the jail.
Starting point is 00:11:30 And Trump just throws it out to be provocative to drive his enemies crazy. Okay, to the media, another not a victory for the press, but interesting story. As you know, Donald Trump despises the Associated Press, the AP. That's the wire that goes out to the smaller newspapers across the country and the world, and it's been very anti-Trump. I have been on record of saying, look, I understand why the president goes after these media companies. I can tell you that Since 1996, when I started the O'Reilly Factor on Fox News, the Associated Press has not said one nice thing about me.
Starting point is 00:12:15 Not one. David Bowder, is there a TV writer, hates me. I think I met him twice, but it was like every cheap shot they could take they took. So, you know, if I could ban the Associated Press, I probably would. But I'm not the president. So anyway, Judge Trevor McFadden, appointed by Trump, U.S. District Court in D.C., said, look, to the White House, you just can't exile them. And his reasoning was a court simply holds that under the First Amendment, the government opens its doors as some journalists, be in the Oval Office or elsewhere, cannot shut doors to other journalists because of their viewpoints. Okay, I think that's right.
Starting point is 00:13:04 You ought to have a bigger view that you don't like that. Now, they don't have to call on the AP. They don't have to give them special treatment, but you can't banish them. Now, the judge did suspend that ruling for five days so another court can take a look at it. Join us now is a guy who has a tremendous amount of experience in the media. Not as much as me, but nobody does because I'm very old. But Dan Abrams, you know him, who's at NBC. He's still at ABC as a legal correspondent.
Starting point is 00:13:36 He runs a website called Mediaite, where they write about media every day. He was on News Nation until recently. The guy knows the media. So number one question, is the media, the linear media, corporate media, losing power in America? Absolutely. That's an easy one. The mainstream media, the media that you and I, I grew up on has definitely lost influence. It's lost viewers. It's lost its power. It doesn't
Starting point is 00:14:12 mean it's powerless. It's still influential, but just doesn't have anything like the sort of influence that it once had. And by the way, I think that applies to the Associated Press as well. I mean, AP used to, you know this. AP used to be the thing, right? AP sends something out. It goes to everyone everywhere all over the world. Well, now everything goes to everyone all over the world. That's right. Now, why are they losing power so rapidly? I know there's more competition with the social media, but I believe it has to do with partisanship that people and all the survey show this. They don't trust the media anymore. It's in business, a preach to the choir, tell people what they want to hear. I think that's the main reason for the decline.
Starting point is 00:15:01 I think it's a combination. I think it is definitely the medium. It is the fact that people can get information elsewhere. They don't have to turn on NBC. But why wouldn't you turn it on if you liked it? Yeah, you might. Yeah. You liked it, but you know, mine.
Starting point is 00:15:22 But you might prefer to hear more of what, you know, you want to hear on a daily basis. and I will say that the major loss for the mainstream media has been among conservatives. There is no doubt about that. Well, wait a minute, there's two networks that are 100% conservative, Fox and Newsmax. Yes, correct. And I think that they, the ABCs and CBSes and put aside cable from them, right? The broadcast networks, the places that everyone used to get their news from, the folks who are on the right will now very often go to someone like Brett there on Fox News
Starting point is 00:16:02 to get that quote unquote newscast or they'll go to folks like you by the way who are on their own independent not beholden to a bigger entity and they'll say you know what I like O'Reilly what does he have to say about this I think people now have a lot more choices than they ever had before, and I think that has made a huge difference in, these guys used to be the gatekeepers. It was all about, if you weren't, you know, you couldn't get someone to cover it, then the story faded. Now there's a whole host of opportunities and options to get someone to get a story, your take, whatever it is out there. I think Trump destroyed the media. And he did it passively, not actively. Obviously, this AP thing was.
Starting point is 00:16:53 active. He doesn't like them. He doesn't like NBC. In particular, those two. But by hating Trump as much as MSNBC, NBC News, CNN, by hating him, viscerally hating him, to this day, to this moment, fair-minded America is not ideologues. It makes us uneasy. Am I wrong? I think you're right. I think you're right. Look, I think there is, you know, people use the term Trump derangement syndrome, right? And, you know, either people on the right use it and say it with a sort of a smile and a snicker and people on the left say, oh, there's no such thing. But the truth is there is such thing. There really is this sense on the part of some. They are so angry at Trump all the time that they just can't do what they're supposed to do in a remotely objective way.
Starting point is 00:17:47 Now, I will say this, in defense of some of the folks on the left, is that Donald Trump has gone into this Trump two, his second effort here, and has definitely taken more extreme measures and positions than he did in Trump one. And as a result, if you are someone who is object, quote, there's no such thing is objectivity, pure objectivity. Let's call it. So you're somewhere right of center, left of center, right? And the guy who's in power is taking positions that are pretty extreme in a lot of ways. You're going to be calling him out. And as a result, you're going to hear more criticism of Trump than you might of another Republican in that role. And the same way, by the way, if you had AOC or Elon Omar, and I'm not saying it they're out.
Starting point is 00:18:40 No, I wouldn't be at the same level, long. It wouldn't be at the same level. I think that's fair. I think you're right. It wouldn't be the same level. media tried to re-elect the Biden administration through Kamala Harris. They tried everything. That 60 Minutes thing is a legitimate thing. They tried to help her. Oh, come on. Do you think that 60 minutes thing was really a big of? Come on. I saw that transcript. I saw how they edited it and they
Starting point is 00:19:02 did not have to edit it that way. They tried to make it. We know that they edited. We know they edited it. We know they edited it. They put it out in two different forms. They had to. They put out one. They put out the other. They didn't have to. Oh, yeah. What is a tease on Face the Nation? They the other on 60 minutes, they were doing it because they just thought, oh, these are two, you know, different ways of getting the same thing. How long did it take for 60 minutes to put that transcript out? That was the mistake. The mistake was not releasing. Thank you. But now that we've seen it, but now that we've seen it, it wasn't that big a deal. I've edited. Typical editing. You and I have edited thousands of pieces. I never would have edited my piece that way. In a million
Starting point is 00:19:39 years, I wouldn't. I didn't find that editing to be that disturbing. I didn't find it to be disturbing at all. I think they absolutely, and then subsequently, every week on 60 minutes, they just bash Trump. Just bash him. Well, that's true. I mean, look. Once that happens, and that's the top of the line, 60 minutes with Mike Wallace, Morley, Say, for Don Hewitt, top of the line. Once that happens, then regular folks go, eh, something wrong with it. Now, I'm going to be on your show tomorrow.
Starting point is 00:20:10 Tell people where they can find that, because I'll do more talking there, which will be much better for everybody. Where can we find that? You can find it on Sirius XM on the POTUS channel at 2 o'clock, but also the video of it will be on the Mediite YouTube page, which we are now building out. And, you know, part of the buildout is to get Bill O'Reilly. Yeah, well, we're doing the same thing. I'm going to say something about Bill O'Reilly. I said this to Bill O'Reilly privately. I said this to my team at News Nation privately. There is no one better at broadcasting in the business than Bill O'Reilly. I've said it to my team. So this is no secret, but I believe it. And I'd be wondering, when I was thinking about you talking about the AP, you were saying, they've never said
Starting point is 00:20:53 anything good about you. I did wonder what good they could have said about you. But, you know, yeah. Well, they could have said what you just said. Exactly. But it's true. Somehow they missed it. They missed it. All right, Abrams. It's a fact. We'll rock and roll tomorrow. We appreciate you coming on tonight. Look forward to it. It's got another point of view. And it's stuck showing you know him. He was very good during the election cycle for us. He's a Democrat political strategist, author of the book, Politics of Life, and he joins us from Miami. All right, my analysis, is it foolish, naive, misleading? What do you think? I think you're basically on the money bill. We're in the midst of a man-made crisis that could resolve itself shortly or it could resolve itself
Starting point is 00:21:40 over time. The dominant sentiment I pick up in the polling we were doing is uncertainty combined with, as you said, correctly, Bill, doubt in the quality and judgment of our administration, not dismissal, but deep, deep uncertainty. But why would they be uncertain if the border has worked, if the Doge thing has uncovered of billions of dollars of wasteful spending, if the DEI's stuff is out, which most Americans don't want. Why would there be uncertainty about Trump? So far, he's doing pretty well, right? Inflation, Bill. We still haven't had prices come down. The average guy going to the supermarket, hasn't seen a material benefit in his life. And that is his Achilles heel. Now, as it was,
Starting point is 00:22:34 Joe Biden. All right. So inflation remains stubborn. Although where I live on Long Island, Gas is down. It went below three bucks a gallon over the weekend. Eggs are down, 50% because the bird flu thing is subsided. I don't, I'm not in the groceries all that often, but I'll take your word for it that across the board, in most parts of the country, you haven't seen a lot of relief. All right, so that the folks, the ones that voted for Trump,
Starting point is 00:23:08 Are they going to bail now that their stock and bond portfolio is cratering? Do you believe they are going to bail? The way I see it, Bill, is first to start with where I think I agree and where you're right. The 35% who are the MAGA crowd, they're with him come hell or high water. They're going to stay. There's no doubt there. The next 15, 16% that gave him his narrow majority. in the popular vote.
Starting point is 00:23:40 They're asking questions. Put us in a box. Go ahead. That just gives us something to break out of. Because the next generation 2025 GMC terrain elevation is raising the standard of what comes standard. As far as expectations go, why meet them when you can shatter them?
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Starting point is 00:24:32 Are we in an unstable situation in the middle, the least and with Russia and Ukraine. Not that they've turned on Trump. They have it. He's at his highest level of approval ever recorded for him. But there's doubt and the doubt is, I think, been exacerbated by the events of the last couple of days of last weekend today. All right. That polling is going to go down for him. You know that. Everybody knows. You know, it's not, it's been four days. And the market today, as I say, is up and down and in and out. But the market can come back. I firmly believe that.
Starting point is 00:25:11 I mean, people, I can't give financial advice to people. But in my column, I said, you know, if you panic in any part of life, not just here, that's not going to be a positive for you. You've got to maintain. And if you believe in what you bought, the companies that you bought, it's not going to be as smooth as a thought, but dumping them now at a low level. you're never going to get it back. But if you hold them... I don't give financial advice either, but as a life lesson bill,
Starting point is 00:25:45 that is very good advice. And Warren Buffett said basically the same thing you said in your talking points memo, which is if you're worried about the markets in your portfolio, don't look. Don't look. I mean, and it's... But the frustration is there are a lot of older people
Starting point is 00:26:02 and there are a lot of people who have got college funds and they're getting hurt and they might need the money. And that's just the vagaries of life. I mean, sometimes it works out and sometimes he does it. Now, the Democratic Party, your party,
Starting point is 00:26:19 should be able to take advantage of this kind of chaos. Any political chaos works for the opposition. But because it has no leader, no one, it can't take advantage of it. Am I wrong? It can only take advantage of it if, as you suggest, I think correctly, Trump's numbers and the Republican numbers come down. If the Republicans are able to keep their majority in both houses. But let's assume that they do come down.
Starting point is 00:26:54 Let's assume that a week from now on the 14th of April that Trump's approval rating slides to the low 40s, which he could. Yeah. Who's going to step up on the Democratic side? We don't have a leader. Yeah. In a midterm, you can win a midterm. As your talking point, Mamoy, your word was grisly. I think the results can be grizzly.
Starting point is 00:27:21 2028, we don't have a leader. There's nobody on the horizon agree with the overall assessment. All right. But it's still too early for the midterms. It's 19 months now for the midterms. Right. But the Democrats are running against Trump, not for any ideas. That's for sure.
Starting point is 00:27:37 No, no, no, no. But as you know better than anybody in this country, because you do this for a living and have done it for a long time, I think since U.S. Grant, you've been in the game, okay, that if you tear down a president, that's hard to reverse. So you saw it with Biden. So Biden just got into one mess after another, after another, after another, and people just lost confidence in him. But Trump is a different. cat, as Dennis Miller would say. So Trump is defiant. My vision is going to work. Now, six months from now in the fall, if it's still, inflation is still high, prices aren't down. In fact, if they go up and the stock market is still just impossible, then I think Trump will have
Starting point is 00:28:27 damaged himself beyond repair. But I think he's got six months. Am I wrong? I agree with that, but I would tell you the economy has to improve vis-a-vis inflation and prices. And bottom line, there has to be a relatively quick solution vis-a-vis the tariffs. We just can't go indefinitely with this uncertainty. All right. Last question. I think the tariff thing is going to work out with Europe. I think it'll work out with Canada and Mexico. But China is a different story.
Starting point is 00:29:04 So China seems to be itching for some kind of confrontation. Now, I don't really know why, because the Chinese economy is very shaky. How do you see that? I agree with you. That conflict, if it be limited to China bill, I believe Donald Trump will be supported by the American people en masse if he puts tougher, tougher retaliatory tariffs on the Chinese. If the rest of the world is resolved, then the way you suggest, I think,
Starting point is 00:29:34 this will have a soft landing and a happy ending. No, I don't know about happy ending because it's Donald Trump. All right. All right, Doug. Thanks very much. We always enjoy talking. No, Bill, thank you. We'll see you soon.
Starting point is 00:29:51 Iran. Now, we're getting a little more complicated. So Iran's got a nuclear weapons facility. Okay. So outside of Tehran, it's underground. Israel has infiltrated it, the Mossad. Israel knows pretty much what's going on there as far as the Iranians developing a nuclear weapon.
Starting point is 00:30:14 Both Israel and the United States agree that cannot happen, will not happen, and if the Iranians don't give it up, there are going to be military action. Here's what Trump said yesterday. With Iran, yeah, if we're going to, If it requires military, we're going to have military. Israel will obviously be very much involved in that. He'll be the leader of that.
Starting point is 00:30:41 But nobody leads us. We do what we want to do. Okay. So on Saturday this coming, in Oman, there is a face-to-face with the Iranian foreign minister Abbas Aragachi and the U.S. envoy to Middle East, Steve Whitko. and they're going to discuss nukes. Now, all that has to happen to prevent any military action against Iran, and I'll explain what that would be in a moment,
Starting point is 00:31:13 is that Iran says, you know what? We're going to pause our nuclear weapons program, and we're going to allow UN inspectors into our facility to make sure that happens. That's all. And then Trump will sweeten it up with some kind of economic benefit to Iran. Now, say Iran doesn't do that. It says FU to Whitkoff in the United States and to Netanyahu in Israel. What will happen is that the Israeli Air Force, maybe the U.S., in conjunction with the Israelis,
Starting point is 00:31:51 will bomb their ports. They get four, four major ports on the Gulf. That's where the oil, the Iranian oil, goes out for sale, and the food comes in. There's no food in Iran. It's a desert. They need to import their food for the Persian people to stay a lot. Afghanistan borders them to the Eastern Army food. Putin could get some food in, but Putin's got his own problems now.
Starting point is 00:32:17 All right? So, those four ports to disable them, five hours, maybe, maybe six. And they're done. Nothing in, nothing out. That's the military action. Iran has got no cards. Media madness. Okay.
Starting point is 00:32:41 So we have discussed a little bit, and I'm going to write a Sunday column on this. There's a bunch of books out about Biden and how befuddled Biden was. I don't know why anybody buy these books. I reported that four years ago. It was not hard to ascertain Joe Biden's mental condition. It was very easy. These books are based on anonymous sources, okay, which I don't read books that are based on anonymous sources. It's a waste of my time.
Starting point is 00:33:09 Okay, so the central thesis of the books, all of them, is that the Democratic Party knew that Biden was diminished and so did the corporate media. Enter Chuck Todd, who was on Pierce Morgan. Go. I can chalk it up to is this, whatever you want to call it, this fear that some members of the media had sometimes that they would be perceived as helping Trump if they somehow diminished Biden, right, that it was some sort of zero-sum game. And I think this has been the fundamental mistake that many members of the traditional press have done. I mean, the only thing I can chalk it up to is that, no, they were told to do this.
Starting point is 00:34:00 And Chuck Todd knows that he worked for NBC. The entire culture of NBC News, the entire culture, 100% is Trump bad, liberals good. Every show, everywhere, everyone. And there's Todd, well, you know, they didn't want to enable Trump, did what you were told to do. And they hosed you anyway. CNN had a town hall with Bernie Sanders last night. Why?
Starting point is 00:34:31 Why? Bernie Sanders? He's not in the news cycle. He doesn't have any power. He's a communist. Why would you give him an hour? And they're going to, believe me, I don't have the ratings in yet, but nobody, nobody. They won't crack a million on that.
Starting point is 00:34:55 And it was Anderson Cooper. They don't get any ratings anyway, but they'll go down. way, but they'll go down. So I said to my staff, I can't watch this. I was just too busy. So just give me what Bernie, give me one sound bite in an hour that Bernie said. Here it is. There are some of us who from day one have understood that we've got to stand up and rally the American people to fight against this horrendous agenda, which at the end of the day is really significantly about. This MailChimp-Ferific jingle is brought to you MailChimp. MailChimp your marketing
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Starting point is 00:36:26 giving massive tax breaks to the top 1%. All right? So what Trump and the Republicans are saying is, hey, let's cut Medicaid by some $880 billion, and let's use those savings to give tax breaks to the very wealthiest people in this country. It's so ridiculous. So ridiculous. But he says it every day, Bernie Sanders. And he believes it because he wants to believe it.
Starting point is 00:36:56 There's absolutely no truth at all. It would be like me coming on this broadcast tonight and saying, next Tuesday, the nation of Canada is going to apply for U.S. statehood. That's not happening. It's never going to happen. But I would tell you that. That's what Bernie Sanders does. Now, who wants to hear this?
Starting point is 00:37:23 It's so far out of the realm of possibility. That's what they do. Department of Homeland Security says that thousands of illegal immigrants have moved out of here. Okay? They have said we're not staying in the U.S. We're self-deporting. So what is the number? Well, my crack staff, got it.
Starting point is 00:37:50 5,000. Let's see, 5,000 out of 14 million? No, that's not a big number. 5,000, yeah. Now, they may have been homesick or they may, you know, but that's not a lot. Now it was 5 million, but this self-deportation, not working. Smart Life. Okay, this study is from AARP, and I know some of them.
Starting point is 00:38:21 of you don't like AARP, but I'm kind of neutral on it. I like AMAC better. But AARP, they're not totally useless. They did a study, and it says 20% of Americans over the age of 50 have no retirement savings at all, not a dime. I believe it. 61% say they're worried, they're not going to have enough money to support themselves in retirement, and you should be worried. If you're 50 years old and you've got no retirement savings, you're in a heap of trouble. And every day I get letters from concierge members, and that's on bill o'Reilly.com. That's a program. If you get into trouble or have questions about anything, we will help you with the trouble and answer your questions within 24 hours. Okay? I would say that 25
Starting point is 00:39:20 percent of the letters begin with, I have no money. I'm broke. I'm sick. I got this. My kids that. I don't have any money. I just got laid off. I don't have any money. I don't have any money. Heartbreaking. It's heartbreaking to me, because I want all Americans to prosper. I can't understand why people don't have any money. Because from the time I was 10 years old, I worked, cutting lawn, shoveling snow, babysitting, then I painted houses, on and on and on. Always, always worked. My father said, you are going to save 10% of everything you earn, and I did. So therefore, I always had money. But apparently, millions and millions of Americans, don't. And I don't know. I don't get it. If you don't have any money, you are
Starting point is 00:40:24 powerless. You are dependent on other people. That is the worst thing you can be. You cannot depend on another person, even if it's your wife or husband or you can't. You have to be self-sufficient, smart life. The other people can help you and ask you. And ask you, you to the quality of your life, but you cannot be dependent on anyone. And the only way out of that is to have resources, to have money in this capitalistic system. Think about it, because you're going to get it if you don't have any money. If I were 50, I had no money, I'd hop in an Uber, and I'd work two jobs for two years. That's what I would do. All right, here is the of the day, as you know, I can't give you financial advice.
Starting point is 00:41:19 A lot of concierge members ask me, you know, would you sell this stock? Would you do this? I can't do that. What I can do is tell you what I'm doing. Okay, but it doesn't always work out for me. I have a message of the day about that, capitalism and capitalism is risky. Socialism is not risky because you just do what you tell. Now is a good time, I think, to buy a car.
Starting point is 00:41:51 If you need a car, pre-owned, new, whatever it may be, might start to look around now. So I think those car prices going up, no matter what happens with the terrorists. Maybe your mom. You get three, you know, zero in a car you like, get the blue book, what it's worth, know what it's worth before you go into that dealership, and that's all on the internet, you can go and get it, particularly on pre-owned. Now, I have a nine-year-old Cadillac. It's got an eight in it. It's got a tape deck in it. It's got 66,000 miles on it. I'm not selling it. I'm keeping it, okay, because it's worth it. It works great. It looks great. I'm a big guy. I can fit in that car.
Starting point is 00:42:44 Okay, so that's me. But if you're looking, if you have to, if the old car is falling apart, good time. Thank you very much for watching and listening to the No Spin News. We'll see again on Monday.

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