Investor's Edge with Gary Kaltbaum - Moodys Ignored

Episode Date: August 8, 2023

garyK.com or https://garykaltbaum.com/...

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Starting point is 00:00:25 Terms apply. Lounge access is subject to change. See Capital One.com for detail. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Kalpom, your host.
Starting point is 00:00:46 A thanks being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It's August 8, 8, 8, 2008, 2008, 2023. Hope you are having a good day. I am having a good day. I had one of my best days. For my back today, and hopefully it continues.
Starting point is 00:01:07 We're almost up to 2,500 emails on people's backs. Little did we know the hot button would be your bad backs. What can I tell you? Anyway, that's the story about that. Ladies and gentlemen, in case you don't know this is Investors Edge, serious talk on you. The markets, the economy, jobs, unemployment, taxes, deficits, the more locks in DC, and whatever else comes to mind, we have no problem
Starting point is 00:01:46 discussing with no bias agenda or ulterior motive. We can't stand any of them over there. We're here for you. Want to start out today. We'll get into the market in a little bit. I'm going to cover that gold star thing that I mentioned yesterday and a little bit later and that just really doesn't have a lot to do with your money except look at who's overseeing things and why you can't trust things but I want to talk about something called Moody's so overnight moody's is a rating service they come out and they said we are lowering our ratings and we're reviewing other banks. And basically what that means is they are saying that these institutions have some potential problems going forward.
Starting point is 00:02:45 They're holding too much debt. They're making less than they used to. The margins are too small. This, that, and the other thing. Whatever it may be. You got that? Best way I can explain it. So the market opens bad and they're smacking the financials pretty darn good.
Starting point is 00:03:12 At one time today, I'll give you the low. The XLF, which is the big banks, it's still finished down about a percent. But when you look at the chart and when you look at what I am seeing at the chart, you can see the big banks got defended. The regional banks, which they hit the most, you can see, got defended. We're still down a percent and a quarter, but it was much lower early in the day. So basically, what happened was the market gave Moody's a certain finger. And why would that be?
Starting point is 00:04:01 Why would the market basically blow off a downgrade from a so-called rating service? It is simple. U.S. Bank Corps today finished up, even though Moody's placed it for a potential downgrade going forward. A potential downgrade. Here's why. nobody in my world trust anything out of these rating services that's why so when you see the news tonight about rating services give them just a wee bit of cred just like we give no cred to the fed you know how they say the fed is they are they going to have a soft landing or we're going
Starting point is 00:04:54 to have a soft landing because of the fed if we have a soft landing it's because a hundred and 60 million of us go to work every day to do better for ourselves and our family. Not some idiot in Washington, D.C., who's raising the Fed funds rates up or down, created massive bubbles, interfered with the biggest free market in the world, the bond market. But, oh, is the Fed going to do this? Screw them. So basically, these rating service are about as underwhelming as underwhelming can be. They're supposed to rate companies.
Starting point is 00:05:27 They rate countries. They've watched our debt go from nothing to $33 trillion, and now they're speaking up. Before the disaster in 2008, they didn't say a word while the banks and lenders and Wall Street was sitting there with mortgage-backed securities being leveraged in some cases 30 to 1. Where the hell of these people? And how do they still have jobs? That's why the market couldn't care less about anything they have to say. It shook a little bit this morning and gave them the big, you know what, finger. That's all.
Starting point is 00:06:14 So when you see all that, what we have to tell you just watch the market. We know there are issues out there. Duh! They never saw Silicon Valley Bank coming. we did. Wait a minute. You mean the Fed took rates to zero forcing these banks to buy long-dated securities just to make a dime? And then the Fed loses control the bond market finally and rates skyrocket and all of a sudden these banks have gargantuan losses?
Starting point is 00:06:50 What do you think is going to happen? By the way, our Fed Central Bank has lost $1.2 trillion approximately. on what they've bought, but it's all fake money. It's all money out of thin air. So who gives a crap? That's why nobody cares about the rating services. And really, to a certain extent,
Starting point is 00:07:13 don't give a crap about the Fed. Have you noticed the markets really haven't reacted as much anymore? The only time they reacted is when this clown printed to $9 trillion out of thin air and bubbled up the world, which has been destroyed now. How's your NFTs doing? How's your meme stocks doing?
Starting point is 00:07:39 And I can go on and on. The rating services is supposed to be on top of this crap. Gary Kaltbaum is. How am I on top of it? Yet there, we have analysts going around the world doing their thing. They don't know anything until it happens. How is that possible? bias prejudice getting paid by the people you're supposed to cover oh really wall street pays these
Starting point is 00:08:15 rating services for their ratings oh that doesn't happen so we just wanted to start with that just watch the market if the banks are going to get busted up if the banks are going to be destroyed if the banks are going to get yonked they're going to get yonked and we're going to know it. Today though we're just letting you know they were down pretty decently today. They finished in the mid to the upper half of their range today with some things like a US Bank Corp finishing up and that's one of the names they said it's up for review. We're coming to get you. Oh, you're up for review, US Bank Corps. So I just want to let you know just watch the market. Pay no attention to them. zero
Starting point is 00:09:00 as John Vernon said in Animal House 0.0 and by the way I wish I didn't have to talk like this I wish I can tell you they're on top of things but I got news for you I don't want to be
Starting point is 00:09:14 yesterday's newspaper oh the banks have problems gee thanks and in case you don't know in case you don't know the biggest scam going right now is brought to you by banks.
Starting point is 00:09:39 Do you know they're saying only about a third of middle income earners have moved their cash into money markets so they're getting one tenth of one percent on their money at banks, maybe two tenths. Think about that. You're getting two tens of a percent on your money and the banks can just take it and have no risk with it and just invest that with one year treasury. getting 5.3 and they're getting 5.2% spread on you and they're not telling you. For those you out there, have money, your banks, are you getting calls from your bankers saying,
Starting point is 00:10:17 hey, I just want to let you know you should be moving into this other type of account? Because we're paying you nothing. Are you getting those calls? Hell no. There's your banks for you. You know the ones with the great advertisements. Every day, we're here for you. We're here working for you. We love you. clients with this and that and this and that and this and that while they're not telling you they're paying you one-tenth of one percent while they're taking that money if they just get money markets they're getting 4.8 4.9 there's your banks that's why we're yelling and screaming all you if you got a bunch of money at the banks call them today ask them how much you're making
Starting point is 00:11:00 and please move me into whatever money markets or i'm moving to vanguard or fidelity or schwab Up next. Today's market, more of it. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management.
Starting point is 00:11:43 No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing
Starting point is 00:12:06 is not getting you to where you would like to be, call us to make an appointment for a complimentary portfolio review. The number to call is 888-4-22-559. That's 8-8-5-59. That's 888-4-2-2-8-4-2. 55-59. Investment advisory services offered through Colbaum Capital Management. This message is brought to you by the Capital One VentureX card.
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Starting point is 00:14:07 programming with gary cult bomb it doesn't get better than this and welcome once again to investors edge you catch in my drift you guys got to be on top of things because if you're not you're missing you're missing out we don't want you missing out there's a lot of that stuff going on just let you know know not kidding pay attention Apple's offering foreign change on your money a host of tech firms have straight into the saving space you know why because banks suck don't call don't call them because we're making 5% spread that is gargantuan on their money with taking no risk whatsoever don't call don't call don't call I had to move a bunch of money through my bank they didn't call until they saw it moving out
Starting point is 00:15:37 Mr. Colpom I see that you had some money in here and it looks like it's moving out did you know about ARP CD that's when I got the call anyway that's that on the banks and again Moody's yeah
Starting point is 00:16:05 again we're going to watch the market that's all we're going to do everything else be noise that's how we look at things that's what makes sense to us market is not easy it's a pain in the rear sometimes but if you catch up trends and you ride them out as far as you can terrific and as we've told you we have full and fair disclosure here two times in the last few months we had caught beautiful launching pad on a couple of stocks and we rode them and cut them off too quick we made
Starting point is 00:16:46 very good money just a matter of weeks and they kept going what can i tell you anyway so could have been much worse today finished much better than could have been tomorrow's another day maybe some other rating service says something we're letting you know when we've been telling you the banks have problems there's no doubt we don't know what's on their books but you do know the offices in major cities. I mean, they're 50% occupied, 40% occupied. Some of the big office buildings are selling for 25 cents on the dollar. Shopping malls that are barren. There's a lot of debt out there and a lot of these banks are potentially on the hook to a certain extent. And we really don't know which. Typically the market will ferret it out. But some of the
Starting point is 00:17:52 worst stocks in the market for a very long while are the office real estate investment trust big time you know there's one called s l green realty hit a high of 168 in 07 it's 37 today way down from recent highs and believe me they're trying to work them out move them around do this, do that. I wouldn't want to be owners of those things right now. But good day today. Could have been much worse. Well, I take
Starting point is 00:18:40 that back. Wasn't a good day. The market was down. Let's just say it could have been much worse. Simple as that. So, the market rap is brought to you by Investment Dash Models.com. That's Jim Rohraback, one of the great market timers. No gray areas with the man you're either in or out of
Starting point is 00:18:56 the market with his proprietary indicators. Go check it out. Investment DOW-10158, but the Dow today hit 35007. It was down 465 early in the day. Finished only 158. S&P 19 NASDAQ did finish down 110. But at one time today, the NASDAQ 13769, 15 was down 225. So still down, but much, much better.
Starting point is 00:19:36 Much, much better. And as we said, the financials were getting pretty hit by the early in the day. Goldman Sachs at one time today, hit was down $13.50, finished down $7 and change, still down seven and change, better than 13. So that's really the story of the day besides earning. And may I state for the record, and we did a webcast in the middle of the day today, how we can tell the market's getting better or getting in trouble is the things we move on our screens. We have four screens. One screen is stuff, three screens of stocks. And one of those screens are bad stocks. And when I mean bad stocks, used to be good stocks. And you know what's on this screen? a lot of the stocks from 2021 that ran into trouble and then good night. Now, a bunch of these stocks in the last few months have rallied up way below the highs of
Starting point is 00:20:50 2021, but at this year's new yearly highs, what's happened in the last couple of weeks, I'll say two to three weeks, a crap load of them that were removed off this bad screen, are now back on, are now back on. And what that means is they've broken support, they've broken moving averages, and not just little support, but pretty much decent-sized report. So just letting you know.
Starting point is 00:21:35 Just letting you know. And the more that happens, The more that happens, that means fewer stocks are working. And a lot of these names are the softwares and the tech and the medical. And I can give you symbol after symbol, but I can tell you flat out names that were acting so darn well. One was this data dog, data dog, whatever you want to call it, on earnings, down 18 bucks, today on the Big Gap Down just completely cracks. Just one name, but in sympathy caused other names to go buy-bye also.
Starting point is 00:22:23 And there's just been a lot of them. And then I look at the ETFs, the exchange traded funds for the software, and some of the CLOU, which is cloud. That's music. Up next. We'll finish the point. Lots more. This is the one only investor's edge.
Starting point is 00:22:42 This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change.
Starting point is 00:23:25 See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen,
Starting point is 00:23:54 Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect.
Starting point is 00:24:28 Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. We're listening to.
Starting point is 00:24:51 America is talking. Investors Edge. He's got to be pleased with you. That the crowd is just on its feet here. He's a Cinderella boy. With Gary Coltbaum. It comes highly recommended. You're going to feel better if you talk to him.
Starting point is 00:25:15 So, just to go back again on earnings, we're just seeing a lot of stocks, what we call Go By the Wayside. And as we do for you this 100 stock thing, imagine if there's only 100 stocks in the market, and they're all in uptrends, you know, we're in an uptrend. But what if 50 of them start heading into downtrends? Well, 50's offsetting the 50, the market more trouble. And what if the 50 turns into the 80 on the downtrend side?
Starting point is 00:25:46 That's the point. And we're only talking about the tech sector here. And we're not talking about the big names, because in the big names, Apple's in trouble. Amazon's strong, Google's strong, Facebook strong, Microsoft's in trouble. and Vida may be getting into a little trouble. Netflix is holding the 50-day. Oracle is by its chin-chin-chin.
Starting point is 00:26:11 Tesla needs some help here. So it's somewhat of a mixed bag with some of the biggies. And what we just do is we watch them. If we own them, you stops in place. If they're trending up, terrific, let them run. But earnings change. all that and sometimes news like Moody's for all we know Moody's at the lows of the day would keep going lower today they got defended tomorrow maybe they sell those suckers off again don't know don't know from day to day we just want to kind to get the main trend right and right now the financials have been going up in the last three weeks pulling back today could have been an icky day held, we'll see what happens tomorrow.
Starting point is 00:27:09 That's just us measuring the tape, measuring the markets, and there's a lot more earnings to come out. I can tell you in the aftermarket, you have something like an upstart, closed at 51 and 3 quarters, it's 41 and 41 bucks. And the stock was just 70 bucks last week, so 70 to 40 quickly. On the other end, I got Celsius, which is that,
Starting point is 00:27:34 Calorie burning fitness drink closed at 143, 162 in the aftermarket. Want to see what, well, people are buying the drink. On the other end, Riviet, it's only down 60 cents. Whoopi, do. But how about Doximity closed at 3279, symbol DOCS? I've got it at 26 bucks. And then the strongest stock in the market has been super micro. MCI. It's been the strongest stock in the market and they just raised their numbers a couple of
Starting point is 00:28:14 weeks ago. Stock's down 54 bucks in the aftermarket to 295. And it was already down four bucks today. That'll stop that then it's tracks as of the second. So a lot of jellos moving on the plate. There's a ton more earnings this week though. Most of what we call the big. time, big, important stuff looks like, kind of sort of done, though there's some more. Leave no doubt there's some more that are of import.
Starting point is 00:28:51 As I go through the week, what else? Yeah, really not that much more. I mean, it's not that they're not important. Disney's this week, I can't wait to hear what they have to say. Boy, they're under the gun. Wins Resorts, Alibaba's this week. All right, so a few biggies. And what we do is we tell you during earnings, we work our tail off.
Starting point is 00:29:13 Soon as I'm done with this show, first I'm going in the pool. That's my new thing. For the back, I go in the pool and I float. Just float on. That was a song. Float, float on. It's really good for the back. And do a little bit light swimming in it so far so good.
Starting point is 00:29:32 Then I come back, I go through all the aftermarkets, do a major scan on the day, I just sort of already know what I'm going to find because we do that throughout the day. And then we close our eyes, hold our nose and pray. No, we don't do that because we've tried it. That doesn't work. And that's a little bit. And as I said earlier, the software ETFs, IGV is one of them, finished below the 50 day today, though it finished off the lows. You got the cloud, CLOU.
Starting point is 00:30:08 that finished just below the 50 day, though off the lows today. You've got something called the WCLD, another cloud. That's nicely below the 50 day. And then there's something called bug. You know what that is? Cyber security index, a lot of software stuff. That's below the 50 day. So possible change of complexion there.
Starting point is 00:30:33 Doesn't mean it can't turn up, who knows. But as of this second, you know, I would kind of sort of be on the underweight there. As always, you get to decide. Oh, and by the way, the head honcho top dog big cheese is Microsoft, and that's living below the 50-day moving average. As of the second. And actually closed at a relative low since its recent high and its bad reaction to its earnings report,
Starting point is 00:31:07 even though we didn't think their earnings report was that bad. I guess somebody didn't like the guidance or something to that effect. What the hell do we know? So that's the story. And yesterday we did this whole little thing about the strength and we're watching them closely. We mentioned Amazon.
Starting point is 00:31:29 We mentioned, I believe, Broadcom, booking holdings, Google, Facebook. And what we do is we sit and we stay on them to see are they holding up in the market drop or are they going by the wayside like SMCI will be going by the wayside if it gaps down 55 60 points tomorrow and can't reverse or reverse a bunch of it and who knows maybe it does and maybe they say something in the conference call that does something better and you know that that'll that'll be a little bit later but that's what we do on a daily basis and all we try to do is knock out what we know
Starting point is 00:32:06 stay away and all we can tell you is we started this we have a screen now that's full just absolutely full of blown up stuff that have been absolutely whacked and then here's a dual lingo it's up 10 in the aftermarket to 146 it's still going to leave it below resistance and probably doesn't change the playing field but will recognize it but as I go through skisks scan after scan after scan. I can give you symbol after symbol after symbol of stuff that gone, bye-bye, off our screen. Whether it's symbol PODD or AYX or SPGI or SMAR, RNG, or S-N-O-W, or S-W-A-V, or T-D-C, which just got conch today, or MDB because of what happened with the other data dog today.
Starting point is 00:33:10 The list goes on and on and on, and what it does, it keeps us away. And we look for other areas, and we typically just wait. We wait if they can turn the corner terrific. If not, we stay away. That's all. Simple as that. And we don't ask why. We'll know why.
Starting point is 00:33:33 When all said and done, we care about price, we care about pattern, uptrends, or down trends and sometimes you get no trends that's when they go flat line and drive you up a wall and that's the deal and as i am doing the scoreboard already in the aftermarket as we do this i got five down big five up big i take it back lift this now down a little bit after being up that's you know lifting uber and all that and by the way uber stock which had been strong on their earnings report, ain't much going on this second. In pretty good pullback mode. The Dow showing more strength than anything this second,
Starting point is 00:34:30 Amgen up another seven today, and just lower beta stuff doing better this second. If things change, we'll let you know. 10-year yield down to 4.026, but off the lows, and oil prices, which were pretty much down decently early, finished up again, and I got news for you. That's not good news fundamentally. Gasoline is up 30% at the pump in the last month.
Starting point is 00:35:01 30 cents, excuse me. That's a lot of cake out of the pockets of the consumer and business, as well as oil into products. How much it's used. Up next, we'll take on the media again. This is the one only investors at. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect.
Starting point is 00:36:03 Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker.
Starting point is 00:36:23 The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads,
Starting point is 00:36:57 meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.
Starting point is 00:37:28 Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. You're listening to. What are we waiting for? Well, what are you waiting for?
Starting point is 00:37:47 One, two, two. Ready go. Action! In The Gester's Edge. With Gary Culpa. My following commentary is all about the national media bias. This is the NBC, ABC, CBS, MSNBC, CNN, New York Times, Washington Post, their websites. And we know who the opinion people are and who are not.
Starting point is 00:38:28 We know who the opinion people are. We're talking about the straight news. and how they're just pissing me off. Why? Because when their enemy or who they don't like is front and center, if that person does something good, it's not reported. If that person does something bad, they carry it 24-7. And the issue is it hurts the public.
Starting point is 00:38:56 And of course, if their guy or gal who they like does something good, They applaud them. Fireworks. If they do something bad, they just don't report it. Just like there is no doubt. It's 100% certainty. Joe Biden is an influence peddling piece of crap politician with his son and his family. They have ducked that his family, different family members,
Starting point is 00:39:26 receive millions and millions of dollars. It's a fact. These are not opinions from all. kinds of weird countries and companies at these countries that the dad was involved. And there's all kinds of texts where it said that, oh, I'm not going to do to you what my father does to me by taking half of all my money. I can go on and on of the BS that they just refuse to report. And more importantly, they don't even investigate. And why does this matter?
Starting point is 00:39:55 The dude's running the country. He's the president. The leader of the free world. The guy who's out there that tells you we cut deficits, the deficits 1.7 trillion, and we know it's a blatant lie. The guy who tells us he's cut poverty for kids in 50%. We know it's a lie.
Starting point is 00:40:16 He's trying to tell us they're out of poverty because they gave him a tax credit and it puts them above the poverty line. Kiss mine. And I can go on and on. They just don't do their job and you can never trust them. I have to verify everything they do or say, and I don't want to have to. I'm talking straight news here. I'm not talking opinion people.
Starting point is 00:40:39 I know who the opinion people are. I take them all with a grain of salt. So yesterday, we all know that the Biden administration and the Defense Department totally screwed up leaving Afghanistan, costing lives. We know that. They blew it. They screwed up. Big time. Lives lost.
Starting point is 00:41:11 And guess what? It's not the first mistake that administrations have done in the past with war and bad places. Leave no doubt. I'm not ripping Biden for screwing up even though they did and they were warned. His own defense people said, no, you're doing it wrong. And he still did it. But the story's not that because the media at the time almost covered it. They tried to blame Trump because Trump wanted out of Afghanistan also.
Starting point is 00:41:47 But I digress. Yesterday, they had the families. They're called Gold Star families. Their families are fallen war heroes. They had the families testifying that nobody's contacted them. Nobody's done anything for them. the administration has given them what we call the big middle finger from the defense department down to Biden. One of them said that Biden actually came to the person and said, oh, my son also died when he died of cancer.
Starting point is 00:42:22 So you had it and they're sitting there crying and they're sitting there upset. And now I harken back to when Gold Star family who attacked Trump over kind of, He made about the Khan family, Muslims at the time. And the front cover of NBC, ABC, ABC, CBS, MS, NBC, CNN, New York, all of them were covering left the night, ripping Trump, anti this, anti that, scumbag this, scumbag that, piece of crap this, piece of crap that. How can they do? How can he say this, do this, whatever, to the Gold Star families? The media didn't cover the Gold Star families yesterday. By the way, this man Khan, God bless him.
Starting point is 00:43:14 He lost family. He paraded front and center every day. They put them on the news all the time. The media did not cover. One second. Go to any of their websites. Go check. These Gold Star families who the media loved when they were ripping Trump.
Starting point is 00:43:41 did not even freaking cover these families yesterday who were just asking asking for a little bit of whatever you want to call it and this is why we bring this up because this is the same media that doesn't report crap when it comes to their guy do you know how long it took them to talk about inflation? Do you know they're still not reporting what the deficit's going to be this year, which is a gargantuan record, world record from a guy who's telling us he's lowered the deficit? So I'm just letting you know. And by the way, this is for all of you. I don't care whether you. Left, right, middle does not matter to me. Verify everything they do and everything they say. Why? It's your wallet, baby, because that's where they're all coming. That's where they're all coming for.
Starting point is 00:44:42 That's what they do. And the media has given them great, great cover. They did not cover the Gold Star families. And since there's no checks and balances for these people, there's no oversight of the media. They're their own fiefdom. Not a word. imagine what these Gold Star families are thinking while I'm on NBC News from 2016 front page when they had the con family ripping the stuffings out of Trump at that time so just remember this because when heck breaks loose because of the debt and deficits
Starting point is 00:45:21 we're going to be port in the truth and they're going to say nothing they'll blame everybody else that's how they're going to roll just remember that you'll have a great evening drive carefully when you get home do like we do it's quite simple make sure you hug your family make sure you hug your children they will feel better you will feel better i'm headed for the pool always honored that you're listening peace out all until tomorrow take care bye bye this has been investors edge with gary coltbaum on biz talk to listen to
Starting point is 00:45:55 past episodes or to get in contact with Gary, go to Garykai.com. That's Garykay.com. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges world. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital1.com for details.

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