Investor's Edge with Gary Kaltbaum - The Biden Government Takeover.

Episode Date: January 24, 2023

Follow Gary on GaryK.com or http://garykaltbaum.com

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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 Coltbaum, your host.

A thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It is the 24th of January, 2023. And we're going to start out a wee bit differently. Hope you don't mind. We want to make a point. We have to make a point.

We've been at the point of no return for quite the while. The point of no return. And what do we mean by the point of no return? When they set things up to the point where doing the bad things is the only way to not destroy. In other words, their scheme has prevailed. This is all about you and your money. Everything about you and your money.

Everything about you and your jobs, you in the future, you and your kids, everything. The damage they are inflicting have inflicted the year 2001, the last budget of Bill Clinton, was $1.8 trillion. Our federal deficit this year,

just the deficit, debt, is $1.5 trillion. Since 2001, the greed of all the politicians and the people run in this country has set us on this path of ultimate, I don't even know how we come out of it.

Let me give you the facts. Let me give you the numbers. Let me give you the exact. 2001 federal spending was $1.8 trillion. George Bush comes in. Remember George Bush? The Compassionate Conservative. he was full of crap.

By the time he was done in 2009, that budget 2008 for 9, $3.5 trillion. Now you may say, well, isn't a bunch of that, the deal based on everything blowing up, the massive spending, to save the banks?

I don't give a crap what it was. So we went from $1.8 trillion to $3.5 trillion. Remember, they let the banks get away with it. They didn't indict one person who committed massive fraud in plain sight. But they amped up federal spending. From $1.8 to $3.5 trillion. Oh, that year was a deficit of $1.14. trillion. Then Obama comes in. Let me give you his deficits each year. 1.3, 1.1, 700,

500, 550, 600, 665. He had it up to $4 trillion in spending by the time he left. And then the BS artist, Donald Trump. Just like the prior to a lying sack, a destroyer of the future, Donald Trump's first year, 800 billion deficit, 983 billion deficit. In his second year spending went from 3-9 to 4-4. And then COVID hit. COVID hit. I take out the COVID years. Why? Had a bunch of extra spending to do. Right? Right. Joe Biden, who's been in Washington, D.C. for 50 years, all but four years in politics because in the Trump years he was out.

When he started in D.C., our federal debt was $500 billion. Take out the four years of Trump. he ran that sucker up the $25 trillion. Now of course it's not all him but now it is and let me tell you what this lion sack Joe Biden has done first he's

constantly telling the country how he has lowered the deficits and what a magnificent job he is doing lie because after COVID all said and done, wipe out the COVID spending. That's what he's talking about. It's a lie.

It's a con game. It's BS. And Joe Biden now, I want you to listen carefully, is taking federal spending from the last year before COVID. 4.4 trillion of government. This year is going to be $6,000. trillion the biggest increase we have ever seen of that six trillion one point four to one point five trillion is debt if he just kept spending even we wouldn't have

instead he's done what the last three have done destroyed the future to solidify the power base how do you you solidify your power base, you grow government leaps and bounds. It goes into GDP. It makes you look good. But every dime of that comes out of your hide, my hide, your family's hide, every American's hide. And Joe Biden is now supersizing it. Before, interest rates, rates started going up, we were headed to about 600 billion in interest a year on that debt. 600 billion, 600 billion in the year. And now it's headed towards a trillion because interest rates have been unshackled by another part of our government that absolutely rigged them in

manipulate markets while screwing each and every one of you trying to save money down to zero percent rates. And anybody who bought bond funds was whipped like a scalded dog. That doesn't make sense. Was whipped in the, you know what, last couple of years, getting no money on their riskless income investments and letting the banks and lenders keep that money. And now it is a guarantee. It is a guarantee. We're headed to $35 trillion of debt, $40 trillion of debt, $45 trillion of debt, $45 trillion of debt. They also have not prepared for their other disaster.

Social Security and Medicare and Medicaid. You know what they keep telling us? A lot of this is that. Wait a minute. Hold on. when you were working, didn't they take the money out of your paycheck for Social Security? Didn't they say it was going into a lot box? Huh.

Up next, I'll expound. And then we'll get into the markets. I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kalpom, 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 discredit. money management. No big commissions, just a fee on the assets that's managed. We also

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You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, wait a minute. They're saying they got a payoff social security recipients.

What? I thought they took it out of your check and they put in a lockbox. Separated from this. They lied. It was all IOUs. Money's gone. In other words, as we said from the outset, they set it up. There's no returning.

They have one of the central bankers, fed last name Harker, have no idea who it is. Get this, this piece of crap Federal Reserve person, the consequences of failing or raising the debt will be severe. More debt is good. because if you don't have more debt, it'll be severe. Do you understand what I mean, how they set this up? Do you know what Economics 101 is? More debt bad, less debt good. You know that, right?

It's Economics 101. They have the rating services, those criminals, saying, we're going to lower your ratings unless you raise more debt. Economists in the tank. if you don't raise more debt, we've told you for a very long while, we have no idea. We have no idea what is going to start to train down the tracks. We don't know what number. We don't know what date it's coming.

And you have a Marxist in the White House now that is completely lying about what he has done. bald face lies and the idiots in the media don't either don't want to ask that question or don't know to ask that question Joe Biden taking out COVID has taken federal spending from 4.4 to 6 trillion and that whole move

is more debt on our asses Joe Biden's going to be gone when all said and done How old is he? A lot of these lifers in D.C. that have been part of this, they're going to be gone. Retired or gone? Who's going to pick this up? And I've been thinking to myself, Mr. Logic, how can we remedy this?

How can we fix this? How can we roll this back? I don't even know how anymore. Why? They rigged it. So you can't. Social Security is paid. out by new revenues now, workers now, paying for old retirees because that money's gone.

And anytime anybody dares say we got to fix it, guess what they do? They scare the crap out of you. They run commercials of old ladies falling off a cliff. These people are the worst people in this country. I take that back. There's murderers. there's bad people these people are terrible they're nightmarish they're disgusting

the Republicans are already sudden oh we've got to do something about spending they didn't do a crap thing when Trump was president Trump lied about it also race spending big time he was told

you know GDP looks better if you spend the hell out of his thing and don't worry about the debt. And then of course the central bank, which is part of the government. Look what they did. You realize they're of no use. They don't do anything for you. They screwed you. The central bank screws people. That's all they do. They distort everything. For a long while, you couldn't make a dime off your riskless income investments and all that money went to banks and lenders. And then they caused the inflation. And then they missed that whole thing.

It was completely wrong about it. And then slow walked it. And now they're fighting inflation. How they do that. They're forced to do what they don't want to do. And they're still predicting things when they've been zero for a hundred. And they don't get kicked in the grapefruits because they're not elected. You don't get anything from that.

If you're a politician, I can't go after the first. Fed. I don't get any points for that. But if I go after the other side, I will, but it's both sides. So we're just letting you know in 2001, $1.8 trillion. At the end of George Bush, $3.5 trillion, at the end of Barack Obama, $4 trillion. Donald Trump ramped it up to $4.5 trillion, and this miscreant Marxist in the White House, $6 trillion. And he's telling you what a wonderful thing he's doing for you. $370 billion is being handed over to John Podesta, a

Democratic hack, to dole out for climate. What are they going to do with that? So they're fighting over the debt ceiling now. You know that. That's the big thing. Both sides, fighting over the debt ceiling. We're going to shut the government. We're not going to shut the government. We're going to do this. We're going to do that. We're not going to

negotiate. We're not going to negotiate. They're all full of crap. They're laughing their asses off at us. We're the marks. And if they don't have enough money, just more debt. Who gives a crap that we just spent $32 trillion more than we should? We've got the media on our side and we've got American snowed because we're cursing each other out and you got the left cursing the right out and the right cursing the left out while they're giving us one big gigantic colonoscopy every day. But they know

something. Do we really feel it? When you go to work, you get your paycheck. Do you feel it? You think the economy's doing this and that and that and that's what it is. Everything's a-okay, but you don't understand. Six trillion bucks is now coming out of the economy and into their hands? More money into the hands of people that misuse $32 trillion, and we expect good outcome? You're kidding. Up next, we'll put a bow tie off on this nausea, and then we'll do the markets. 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 track. 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. See Capital1.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, Apple Podcasts, Spotify, and about a dozen apps your cousin's 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. 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. You're listening to. America is talking. Investors edge.

He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And you know what people are concentrating on, ladies and gentlemen, instead of this, just so you know how, I don't even know, you know how I say to you, I've never

been more optimistic on us, never been more pessimistic on them. I take that back a little. I never been more optimistic on most of us. Do you know I was looking, Damar Hamlin, you know who that is, the football player? He was trending on Twitter, so I decided to look. Do you know there's a crap load of people on there that believe that he, went down because he was vaccinated and that it's not really him, it's a conspiracy. This is what some, remember, this is not everybody, this is just a bunch of sick idiots. This is what people are concentrating on. Not the other confiscation of the economy's wealth into the hands of these lifer politicians, these nightmares of epic proportions. Now,

getting supersized by a life from Marxist in the White House that is now taken spending from 4.4 to 6 trillion and that whole move is debt. But I've lowered the deficit big time. He's a liar. You know in the past plagiarism lies all kinds of crap? That's how I guess how you become president, right? So when you watch this week and the next, everybody, cursing each other out over the raising of the debt ceiling, just remember the people on the right side are the ones trying to do something about the size of government, though most were all silent under Trump. I just want you to remember that.

The right thing is to do is cut the size of government and cut the debt and deficits. The wrong thing is to keep increasing. By the way, isn't the word sealing? Doesn't that connotate can't go any higher? They lied. When you have a chance, Google the words, federal spending throughout the years, and a big gigantic table comes up

with the debt and the deficits. The debt and deficits. And you know who's in cahoots, all the politicians, and the central bank. The journalists are either in the tank or stupid. And, you know, Wall Street doesn't care. Not one got indicted in 2008.

You realize in plain sight, massive fraud, in plain sight, that emails, no indictments. And why no indictments? Because people in Washington, D.C. go work on Wall Street, and people on Wall Street go work in Washington, D.C. You know how many Goldman Sachs, Treasury Secretaries we've had? And thus, they get into the back rooms and they say, you can't do this, you can't do that, don't go after him, don't go after that,

or else this or else that. We won't give you a job there. We won't give you a job here. It's a freaking cesspool, incestuous cesspool of gargantuan government increases. with lies and fevery and con jobs. The greatest con is the Social Security. It's the greatest con of all time. People think they're getting their money.

Imagine 50 years ago, they took money out of your paycheck and they're going to give it back to you now. You think they're giving you any interest on that? What do you think they're doing? and you know what the politicians forgot about? Well, you know, we had advances in medicine so people living longer. Let's not do anything about that. Because if you live longer, you get more and more checks.

You keep getting them. It's almost like they're hoping people croak early. It's a cesspool. And Joe Biden has now taken the championship belt from Donald Trump, who took it from Obama, who took it from Bush and I don't think there's any way out of it. They just don't care.

They just don't care. You do know they gave us the other middle finger recently. Earmarks are back. You don't know what an earmark is? Go look it up. By the way, go Twitter, Damar Hamlin, and look how kind of psychopaths are on there spending their time saying,

oh, that had to do with the, he was vaccinated. People are spending their time on that. And it wasn't really him at the game. It's all a conspiracy. Thus, I'm changing my mantra. I have never been more optimistic on most of us. Next, Mike Pence has classified top secret stuff at his house also. He turned it over.

So let's be clear about all this. It's obviously not top secret and classified. You know they should be going to jail. You know not one's going to, because it's both sides now. There's no doubt in my mind they were going to charge Trump with something. Now they can't. Because Biden did the same five times over in a bunch of different places. And now Pence.

And again, these are the people that's been taking us the 32 trillion. billion of debt. What do we expect? And I bet you every other politician right now is in their basements looking things over. That was just another thing. Okay. And again, before we get the emails, this is everything to do with you and your money because I guarantee you GDP is a lot less than it would be if they had just balanced a freaking budget and made government efficient and effective. But there is no accountability, no oversight. And we keep, you know what the problem is. The people that are running against whosoever the incumbent, both sides pretty much suck. That's all. Simple as that. All right. I might as well get through the rest of this.

Adam Klotz, Weatherman, Fox News Channel had the crap beaten out of him on a train in New York City the reason why? Because these teenagers were lighting an elderly man's hair on fire and Adam Klotz tried to stop him. The teenagers were not charged and they were let go. They beat the living crap out of him. I saw pictures of some of these teenagers. One kid was six three and looked in shape. You know what's going to happen, right? They're going to do it again.

And next time, the person may not be so lucky. The Attorney General, whatever they call him in New York City, sucks! And not until it happens to his own family, who, by the way, probably has security at all times. Will this idiot, this moron, do anything about it? Number one job of government is to protect the citizenry. this moron not even charged

let go to his parents who've obviously done a fantastic job with the kids it's unreal what's going on in some of these states and some of these cities Seattle I'm reading about Portland I'm reading I mean

Chicago what does that to do with you and your money oh it's going to add up kids it's going to add up And now the markets. Market wrap is brought to you by Investment-Dashmodels.com. That's Jim Rohrabak, one of the great market timers, no great areas with the man. You're either in or out of the market with his proprietary indicators.

Go check it out, Investment-Dashmodels.com. That was up 104, but the NASDAQ down 30, NASDAQ, 100, down 25, socks down 21, transports down 119. But you ready? Microsoft, Met estimates, missed estimates on revenue. guidance going forward was not very good stocks up nine bucks in the aftermarket still way down from the highs

more on the market's up next this is the one only investor's edge we're listening to what are you waiting for one two ready go investors edge with Gary Culper

and just remember everything we are talking about will be factored in the markets ultimately Everything we are talking about is going to be factored into the markets, ultimately. You can't keep growing the blob. It's impossible. So anyway, Microsoft, you ready for this? They only beat by a penny.

They missed on revenues. Going forward, let me make sure I got this right. Going do, do, do, do, do, do, do, do, doing. Going forward, revenue growth, it doesn't look that great. Stocks up $10 in the aftermarket. Nine and a half bucks for the day. I'll have to look it over. That's the story.

And that'll move things a little bit tomorrow, depending on who else reports. Today was nondescript. Some down names were up. Here's interesting, Travelers. Traveler was down like seven bucks when they warned. They missed an earnings down 35%. They finally reported the warning, and they didn't beat the warning.

They came in with exactly what they warned with. Stock was back up what it lost. You think the market's changed a little bit? Remember, it's not the news. It's how the market reacts to the news. It's how the market is at any given point in time. That's the best way I can put it. it's not the news

it's how things react to the news and I'm looking at going forward guidance from Microsoft 232 beats by a penny revenues rose only 2% and I don't see anything of anything okay

Texas Instruments reported flat in the aftermarket they missed by a penny also F5 networks. I look at that one. Down three bucks, whoopi do. Capital One Financial missed by a mile, but only down two bucks. Keep in mind, a lot of these stocks are down really big. Canadian National Rail, that's down five bucks.

And as far as going forward, do-wop, do-do-do-do-wop. At tomorrow's Boeing, very important, the Dow, that's been strong. No-folk Southern Seagate Technologies. This is tomorrow before the open. Hess, Kimberly Clark, I heard they have good diapers, ASML holdings, very important semiconductor. After the close tomorrow, in the Dow, IBM, Lamb Research, Las Vegas Sands, Service Now Vertex Pharmaceuticals, Whirlpool. Whirlpool is the refrigerator that was delivered to my parents' apartment that did not work.

Just letting you know. I got nothing against Whirlpool except the refrigerator did not work. GE refrigerator did work. We'll give it that. Before today, market's just better and just better. And today had a chance to be down, they rallied the Dow. They pull back the semis, which will probably be up tomorrow in Microsoft for whatever reason. Tech is tech. They took down some of the software names today. Maybe rally up tomorrow because Microsoft is the head honcho top dog big cheese and software with Oracle. But overall as I'm looking, not in anything away of the damage. But I want you to be careful.

There is just as many people saying, just as many people saying, New Bull Market, we're off to the races, as we're going to break the lows again. And by the way, not going to mention name. Yeah, I can't. One of my favorites to watch is Dan Niles. You go look him up. He thinks we're going to drop 20%. He thinks we're going to 3,000 S&P.

We're at 4,000. Make that 25% at this point. And he's a guy that's got it right and pretty much nails things. Doesn't mean he has to be right again. And then, of course, you got the permaboles. And, you know, what I can't stand most about some of them, Without naming names, there's a couple of them that have been wrong as wrong can be. But because the markets rally now, they're giving themselves pats on the back.

Quite amazing to watch. What they say about the broken clock right twice a day? They're lucky I'm not doing the interviews. On Netflix, up another seven bucks today. 91% drop in earnings. 91%. The stock is up 40 bucks. About 12%

since the earnings report. The gap plus the move. I got news for you. These companies better have better earnings going forward. Or else. Markets can only move so much. I can promise you that. Markets can only move so much

if earnings stink. and earnings aren't growing. Intuitive surgical, another name we watch, that down nine bucks in the aftermarket. It's $250 name. But the big story is Microsoft. They're going to have a conference call. They'll probably spend it as best as they can.

All we can tell you is the number they just came out with, pedestrian at best. And pretty much it's lowest sales growth I have seen. Yeah, terrible. Lower sales growth I have seen in ages for Microsoft. But up $9. in the aftermarket now. Make it 10. Keep in mind of December, the high was 264. It's a 252 in the aftermarket right now. Keep in mind in August is 294. Keep in mind last March it was 315. Keep in

mind the old high was November of 21 at 350. We'll keep on top of it. Hope you get where we coming from at the outset of the show. It's worsening. You 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 promise tomorrow.

Be on with Charles Payne 2 p.m. Fox Business Network. And same time tomorrow of the show, we thank you for being here. Always honored by your listening. We never forget you can do a lot of the things than listen to this show. Take care, everybody. See you tomorrow. Bye-bye.

This has been Investors Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to Gary K. That's GaryK.com. This message is brought to you by the Capital One VentureX 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? supply lounge access is subject to change. See Capital One.com for details.