Investor's Edge with Gary Kaltbaum - What did we say about inflation? [04.10.2024]

Episode Date: April 10, 2024

https://garykaltbaum.com/

Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers grilled chicken and broccoli alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What having it all tastes like.

Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is April 10th.

It's Wednesday. It's 2004 last I looked. Hope you're having a good day. And as we always say to you at the beginning of this show, we have lots to talk about. But today we especially have lots to talk about. Because some things are coming to fruition that we were waiting to see if they would come to fruition. And we have a lot to say. But first, if you don't get this radio show in your city, we'll post it at garyk.com.

We'll also post it on our Twitter feed, which is now X. And if you don't follow us on Twitter, you probably should. And if you want to email us, just be nice. It's pretty simple. All you got to do is be nice. You know why? Because we're nice. We respect every single one of you, regardless whether you completely disagree with us or not, on anything anywhere as long as you live within the rule of law. If you're a crook, it's a different story. Okay. So, where shall I start? What I am going to do to start off is I'm going to read to you one of my notes that I sent out just on April 2nd. That would be last Tuesday. And this goes out to the many and the media and the like. And we just do this on here. We've said this to you on here. And basically,

this is what we wrote. Not basically, this is what we wrote. Oil and the CRB index on the move. That's only a basket of 19 commodities. Gold, all-time highs. The 10-year yield moving above what we have stated was a vital technical area at 4.354%. This occurring while we're being told inflation is now under control. Yeah, I put in HMMM. We must state for the record, we must state for the record. we believe the free markets before we believe one man, J. Powell, who printed to $9 trillion

causing all kinds of distortions. As of this second, the free markets are talking higher commodity inflation. All this with bears at multi-year lows, complacency at multi-year highs, short selling has dropped markedly all indicating where are the bears. Anything is possible, but for quite a long time, higher yields and commodities have not been good news. We are on watch. We have stated time and time again on our TV appearances that have yields head towards 5%, not sure an overvalued market could take it. Not sure would be wise for him, Jay Powell, to lower rates into a market saying otherwise.

We sold most of our tech the day after the ugly March 8th reversal that continued. to hold sway. Let us finish by saying if he, Jay Powell, decides to lower rates, while the free markets say otherwise, remember how he was loath to raise rates as the free markets were screaming inflation. Remember the transitory? Regardless what he or anyone else thinks, we do not believe he's in control of anything. He is not the economy. We are. We are now on support levels watch. So we put that out again today. We sent it out with and we added this. And now, oops, oh, oh, OPS.

For all the talk by central bankers as well as this control freak administration telling us inflation is under control, we were stunned to be hearing all that while just about every commodity has been soaring, including the head honcho in oil prices. It seems their butlers have been buying their food and their chauffeurs have been filling their gas tanks of their Bentley's. Maybe if they got out into the real world, they would have seen an experience what all of us have been seeing and experiencing higher prices. Our usual Starbucks espresso and breakfast sandwich that used to cost $699 or now nearing $10. Party-sized chips nearing the size of the old normal size chips. insurance costs soaring and we can go on and on.

As we write this, the 10-year yield is 4.55%. Every tick higher is a bad tick as combined with oil prices, one heck of a one-two punch. Wish we had better news in oh year quite the tops in many areas of the market, at least on a near term basis. So what happened today? So inflation number came out hotter than expected. And we've been just saying to you on this show, if commodities matter to inflation. Uh-oh. And in plain sight, every one of us go to the gas stations and gas prices are way up.

In plain sight, we go to the supermarkets. And prices are way up. In plain sight, we get our bills for auto, home, and health insurance, and they are way up. Those who have rented way up. And with oil prices go and higher, everything that is made with petroleum goes up. And then you add these miscreants in government that are raising. minimum wage to 20 bucks in California. That's another problem.

So what happened today and under our motto, one of our most famous, it's not the news, it's how the market reacts to the news. The bond market sold off markedly and the 10-year yield today went up almost two points to 4.560, 4.560%. We already told you recently about the breakout above 4.354. Well, we have no idea what happens tomorrow. Maybe it turns back down. All we can tell you,

and as we said to you for days, it really looks like it wants to go higher. And it did today under what has been staring us in the face, and that is inflation. And I must tell you, the numbers that come from the government, I don't believe really cover what's really going on. But most importantly, the market reacted. That's what counts the most to us, big time. And as we have said to you, because of what we saw on March 8th, the big reversing. top in the semis in tech on the next day we sold most of our tech except for we still own Facebook which is extraordinarily strong and we made a couple of mistakes we sold amazon that's up

higher i must tell you that we sold Microsoft that's up higher but not much and we also sold AMD over 200 it's 166 so yeah there's that but if interest rates keep going higher with oil prices. Fundamentally, what matters to you and I, the kitchen table, what you talk about with your family at the kitchen table, your cost to borrow is going up, and your cost to buy goes up. And that is a headwind for the economy and markets. To what extent we don't know.

But it's fundamental. It really is. It's a fundamental theory that one really should not be arguing because we've seen in it. And let me be clear, I'm not so sure how bad things get. Not a good day in the market today. More deterioration. I don't know how far we go. But all I can tell you, if interest rates keep going up, headwind, especially for

anything housing related, interest rates sensitive. And it's by no accident that today, housing stocks, and things like Winnebago and Thor Industries, mobile homes, things like Home Depot and Lowe's and Restoration Hardware, and William Sonoma, and Floor and Decor, all got blasted. that's for starters because as you already know we've been telling you about a bunch of software stocks that have broken down and some other areas so we'll see what the outcome is

we'll go over the final numbers in a minute we'll go through some areas we're just letting you know I don't think the fork was put in today I think some areas the fork was put in today. And we'll see what tomorrow brings. Let us not forget the Marxist control freak in chief.

Part of this is that they are overspending by the tune of two to three trillion bucks and they think there will be no repercussions. Up next, lots more. I'm Gary. 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. 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 is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-5-59. That's 8-8-5-5-9. That's 8-8-5-9. That's 888-4-2-2-2-5-9. advisory services offered through call bomb capital management. Hi, I'm Dr. Jay Goodman, host of Beyond

the script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating. chronic stomach aches. Like, I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach cake every day.

Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation plus some fascinating.

facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. When energy dips, your reviving routine deserves more than a quick fix. Reach for vital proteins, collagen, and protein shaking chocolate. With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair, skin, nails, and joints, and a smooth, ready-to-drink, shake. So your afternoon reset actually sets you up for success. Vital Proteins. Stay vital. Visit VitalProtene's.com and get started. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any

disease. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at on deck.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota

all loans and amounts subject to lender approval. It's time to switch on the integrator units and get the brain cells working. 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. And well, once again. to investors edge so let's get on that your marxist control freak president whether you love him or not here are the facts is spending over two to three trillion dollars more than he is taken in that is inflationary if you look up the words too much money chasing too few and you can put the were it in hands, things, stuff, or anything. That is what the definition of what causes inflation. They actually think there's no repercussion.

Just remember, we're not talking $100 billion of deficit. We're not talking $500 billion. We're not talking the trillion, which is a sin. Two to $3 trillion, our debt has gone up $2.7 trillion. And these freaking journalists do never bring it up. These biased freaking journalists that are supposed to be, you know what they're supposed to be?

Our line of defense against the powerful. They do it with Trump. They give Donald Trump a colonoscopy 24-7. 24-7. This guy in the White House, not a freaking word, over massive,

massive, gargantuan debt and deficits. And this Marxist control free came out yesterday again and said he lowered the debt a trillion bucks. What a lying sack. He makes Trump look like a truth teller. And that is a high bar to get over. So that's another part of the problem. And then, just so you know, a president of the United States is not supposed to be telling other countries what to do with their elections and all that. And what have they been doing?

They've been trying to tell Israel what to do and how to do it. And they don't even freaking mention the hostages. What does he do today? He jawbones. You know what jawbones mean? Jawbone is? It means he yapped away to send a message to Jay Powell. He yapped away and said, well, we think they're going to lower rates.

That is a message to Jay Powell, not by accident. And here's the problem. And I want you to listen carefully. Do you remember when inflation was picking up, but this J. Powell just sat there? And do you remember when Janet Yellen, another buzzard that doesn't even know what day it is? And the president and J. Powell came out and said there isn't any inflation? Do you remember that? There's no inflation.

Well, we're on radio and on TV saying, what are these people smoking? There's no inflation? And then the inflation picks up. And then they came out, well, it's just transitory. Do not worry. All is well. And inflation went to 9% by their statistics, which really is 15, 20%. And then finally, J.PAL kicking and screaming and had to drag him into raising rates.

And he started with a quarter little point. While the real market, the free market, a 10-year yield was sore, I do a little coo to point. And then all hell broke loose, didn't it? So what did he do? Oh, crap. And then he had a raise rate and catch up and catch up to the free market that he's not supposed to interfere with that he did by printing to $9 trillion. So he caught up and went above.

What if the free market, which is so much more important than him? is telling us look out, and the 10-year yield keeps going up, but he decides to lower rates? Do you think inflation can go skyrocket again to 8, 9%, that's my dog in the background? I'm worried. These people, I've tried to tell you for years, do not know what they're doing. They have never been in the business world, their academics, J. Pell was an attorney. and this guy is printing to $9 trillion and taking over the biggest market in the world

the bond market? Shear insanity. That will be my worry going forward. Now, with interest rates really spiking today, the talk of him lowering rates sooner rather than later may be tabled. And they better be very careful with what they say now. And as I said, they really need to shut the heck up

every day I say to you, every time on TV I say, just watch the 10-year yield, it'll dictate, and it was up almost two sticks today from 4.366 to 4.560. You may not know this. That is a gargantuan move in one day. Now, I have no idea what happens tomorrow, but J-Powell better be careful. remember he printed to $9 trillion bucks buying up the whole bond market getting rates down that was inflationary

he better not do it again he better take the medicine and let markets be because what have I told you the ultimate outcome of these massive debts and deficits and control freaks So without

Really don't want to Use big verbiage The Dow was down 422 Was down 550 The S&P down 40 NASDAQ 136 which is not so bad It was down I think 190 NASDAQ 100 down 156

But other areas The transports Down 366 I believe Yeah, that's a big drop for the transports. The Russell 2000 today was down 52, about 2.5%. And then the housing-related, very rough day. Down 3 and 3 quarters to 4% for the housing, the ITB, the U.S. home constructions 4.7%.

And may I state for the record, those areas look like tops. because yields breaking out to the upside and sticking. Advanced declines today, 590 up, 35, 33 down on the New York, 8.82 up, 3,200 down on the NASDAQ. More new lows than new highs on the NASDAQ by fourfold. And more new lows than new highs on the New York. That was the NASDAQ the first go-round. Four times on the NASDAQ. So very rough day.

The only stock we own is meta right now is up a half today. Go figure. You had a little bit, and Viti was up 16 after opening down 15 because somebody raised targets. And there's a smattering of things that were up. The crypto was up today. Oil stocks were up today because oil prices were up another stick, but just overall, just, ugh. And I have yet to do my scans. because we wanted to wait for the end of the day.

But I can tell you from the start, what we do is we'll have a one sheet, a long legal pad sheet, with all the names above the 21-day moving average of the 50-day, we're doing a bunch of crossing out today. Deterioration. Up next, what's next? We'll see.

I'm Gary. This is the one-only Investor's Edge. Hi, I'm Dr. Jay Goodman, host of Beyond the Script. the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat.

And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach kick every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change.

Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. When energy dips, your reviving routine deserves more than a quick fix. Reach for Vital Proteins, Collagen and Protein Shake and Chocolate. With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair, skin, nails, and joints in a smooth, ready-to-drink shake. So your afternoon reset actually sets you up for success.

Vital Proteins, stay vital. Visit VitalProtines.com to get started. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. Cashflow crunch? OnDec's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses

without missing a beat with flexible draws, transparent pricing, and control over repayment. Get funded quickly and confidently. Apply today at ondeck.com. funds could be available as soon as tomorrow depending on certain loan attributes your business loan may be issued by on deck or celtic bank on deck does not lend in north dakota all loans and amount subject to lender approval we'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 coltbaum comes highly recommended you're going to feel better if you talk to him okay a few other things Gold was finally down today, but that is so due. So do. The Donald Trump media stock, you're welcome. Down another three in chain stay to 34.

It's gone from 80 to 34. What did we tell you? It's not worth, it's single digits. But you can't, believe me, I was looking to try and short it. You can't. They wanted to charge you 150% to short the stock. which forget it you ain't doing it and again nothing political

but we want to keep your emotions in check especially you people that love the man so much God bless you 136 million shares outstanding they have less than 4 million in revenues and loses 50 million bucks a year and no growth it's single digits Reddit

we warned you about Reddit It's gone from 75 to 42 and 10 business days. And as we said to you, the miscreants on Wall Street did it again. They jump over dollars and get dimes. And it's going to be tougher to bring out more IPOs when you bring out your IPOs at ridiculous valuations. Almost, not guaranteeing, almost guaranteeing anybody who buys in the secondary market is going to lose money. They're such morons. By the way, it's headed to its IPO almost.

I think the IPO was $36. And just my screens are pretty much on the beat red side today. I'll tell you what I like, though. What are other mottos? It's easiest to isolate strength when the market's weak. So we are watching every growth name that's holding up, holding support levels. And I'm letting you know

there's a decent amount of names that are just, don't even give a crap what the market's doing. At the lows today, we're down like almost 600 and down 200 on the NASDAQ. And then VDivio was up. Taiwan Semiconductor was up.

Facebook was up, meta. And a few others were hardly down. What are we doing? Oh, we just have them in one area of our screen. And we're going to just pay attention. Amazon was hardly down. Google was hardly down.

But of course we have earnings, big amount of earnings in the next couple of weeks for them. And that'll dictate some policy on them. So while, and we have a lot, we told you we have a lot of cash at this juncture. And we're going to be patient as all heck. And see where this takes us. And again, not trying to sound too overtly on the bearish side,

except to say, boy, oh boy, some pretty significant tops. Housing, housing related, a bunch of transports. We think, remember, we've been telling you, these building construction stocks have been beneficiaries of the Marxist in chief and their ridiculous spending. They look like they're getting topped in here also. And then this whole list of stocks in software-related and stuff like that. that remain just in bare mode, whether it's Adobe or Snowflake, or let me throw a few more at you, Twilio, Shopify, which is not necessarily software, Z-scale, workday, Intuit. They're all topped for now, and if more join the top contingent,

that could be trouble. The IGV, which is the software ETF, is still holding this area around, we'll call it 82, 83, and it's going to need to stick. If it breaks, we'll let you know, and it just means we're weakening a little bit more. But just, you don't need me to tell you the problem with price. And you all should be smart enough now. to not listen to these blankety blanks in D.C. Trying to tell us the opposite.

They're trying to tell you it's sunny out when it's raining. They're trying to tell you it's raining when it's sunny out. They're trying to tell you, don't believe your eyes and don't believe your wallet. We're telling you believe in reality. They don't give a crap about you until election time. Just remember that. Notice he's amping up, handing out our tax dollars to people that signed contracts to pay off their loans. Vote for me.

It would be so easy if we had a Mitch Daniels running in the Republican Party for the presidency. It would be so much better if there. DeSantis, though he's got his issues too, was running. Trump, I still can't get over. So many things. But as we have said to you, it's a binary choice. And Biden has to go. This country cannot live off the massive debt and deficits and control freakers.

of him for four more years. But we know what we're going to get with. Well, actually, we know what we're going to get with both. Okay, never mind. We'll move on. But that's the story today. In a nutshell. Inflation,

powers to be, don't get it. And we'll see where it takes us. There's too much talk of the Fed. Just watch the 10-year yield. it was yelling today. Tomorrow, maybe it backs down. Who knows? Maybe it backs down tomorrow. Actually, we hope.

We don't want interest rates going up. We want them coming down. We're not talking Jay Powell. We're talking about the free market. That still gets a lot of short shrift. So just remember, sometimes everything we need to know is staring us right in the face. a Boeing

Well Down another three and a half today A whistleblower will be testifying in the next week on Capitol Hill There is no doubt in my mind We are going to find out That they have been And I hope we don't But there's no doubt my mind

That they have I don't even know what I'm looking for for but I think you get where I'm going. Once, twice, three times, not good. Four, five, six times. One ask, they ask, what the hell is going on here? And the big one is thank the Lord. There has not been another disaster like we had in, was it 18 and 19?

Was it Indonesia and Ethiopia? Thank the Lord, that door came off at 16,000 feet, not 35,000 feet, or that thing would have blown apart. Thank the Lord that nobody was sitting in that window seat. And the person next to the window seat was strapped in. And I don't thank the Lord enough, I think. I did call my rabbi, though, to say a little something for my dad, who, by the way, is home and whining and complaining,

which means he's in pretty decent shape, I guess. What can I tell you? And again, we got a lot more evening. emails last night wishing us well, wishing my father well, and we can't tell you how much we appreciate it. Inflation, in case you don't know, the post office three months ago had an increase in stamps from 66 to 68 cents. They're now asking from 68 to 73 cents. Inflation. Catching my drift. Inflation. Stamps. I bought a bunch of forever stamps a while ago so I can use them at lower prices.

I think, right? That's why they call them forever stamps. I think. Anything else stick out for me today? No, it was icky. Up next, what else is going on with the world? I'm Gary. This is the one only investor's edge. Hi, I'm Dr. Jay Goodman, host of Beyond the Script,

the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask. at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.

Like I get a stomachache every time that I eat, and it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication.

And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. When energy dips, your reviving routine deserves more than a quick fix. Reach for Vital Proteins, Collagen and Protein Shake and Chocolate with 30 grams of protein and 10 grams of collagen peptides. It helps support healthy hair, skin, nails, and joints in a smooth, ready-to-drink shake. So your afternoon reset actually sets you up for success. Vital Proteins. Stay Vital.

Visit VitalProtines.com to get started. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. OnDEC is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on.

Apply in minutes at ondac.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota. All loans and amount subject to lender or money. approval. You're listening to. What are we waiting for? Well, what are you waiting for?

One, two, ready, go. Investors Edge with Gary Culper. And welcome once again to Investor's Edge. I don't get into it with anybody on Twitter slash whatever it's called X now. So I put out this little note because the head of the UN climate, just another you know control freak

Marxist comes out and says we have two years or else on the climate so I just put a note out there the earth is 4.5 billion years old but this lying sack comes out and tells us we have two years

and somebody didn't attack me but and it's just like playing tick-tac-toe you can't win so why play the game the only thing I say is do not forget. They told us it was global cooling. It got hot.

They changed it to global warming. It got cold. They got some advertising agency slash marketing company to come in. Okay, listen, we've been wrong on everything. How do we figure this out to make sure we're right all the time? Oh, climate change. So if it's hot, it's climate change. If it's cold as climate change.

If the icebergs are coming back, it's climate change. If there's too many hurricanes, climate change, it's not hurricanes. It's climate change. So some guy jumped on me and I just gave him that. And they can't say another word. And then he comes back and asks me the question about, well, what do you think? I try to explain to him, we can't stop hurricanes. We can't stop tornadoes.

We can't stop the wind and the rain and the cold and the heat. We have 4.5 billion years of a lot of heat. We've had freezes. We've had everything. We've had big hurricane years. less. They're trying to tell us we're having extreme weather right now. It's a complete lie. We've had much worse weather ages ago. And as I tell everybody, you want to help out.

Just pollution. Do whatever you can to not have pollution. And companies are doing a great job going green. These idiots that are sitting there in the middle of highways stopping traffic because of it, what are they doing for anybody? They're such morons. They're wearing these vests that are made of petroleum, and they don't even know it. Again, tick-tac-toe. You can't debate, so why even play?

Just remember. Just remember. This is all marketing. It's all about money. We can all do our thing to help the environment. We can all do our thing to do better. Terrific. But I don't want to hear from people like Al Gore.

and John Kerry telling us we have to do this or that while they're on freaking private jets and getting on their yachts. They can go screw. I don't want, and I would tell it straight to their miserable faces. And the same for the celebrities and anybody else. And just remember, there's this little sign. It's a dollar sign. That's what it's all about. Joe Biden's handed out $380 billion of our tax dollars to one man, a Democratic hack named John Podesta, to dole out on climate. And they're going to be grants. Never get paid back. Who are they going to? And I guarantee you it's donors, cronies, relatives, friends. And I guarantee you they're all in Delaware, where everybody opens up a corporation. There's a bunch of crappy star.

startups and they're all going to get our bucks and absolutely do nothing for the environment. That's what's going on. And I'd say it to all their faces. Do you know they did this thing in Davos, Switzerland, this big confab where all these mucky mucks are? And all they talked about was taking care of the climate. There were like 300 private jets. instead of taking Swiss air to Zurich and then driving to Davos, which I once did, by the way, it's very beautiful.

They 300 private jets. Those 300 private jets would be a thousand of our lifetimes in our car. Yet they were all telling us what we have to do for the environment. Two words, up yours. And that's how we roll. And every time this pops up and is brought up, we're going to let you know that they are the greatest con artist in history from top down. And you just need to know it. And you need to know it's dollar signs.

You need to know it. And somewhere along the line, hopefully, we get some heroes that understand the words, we the people. The people in D.C. don't believe that. We all have become their slush fund. And now this guy, gargantuan is not even the word about what he is doing in numbers. Gargantuan. And where it stops, I don't know, but you do know what I think is at the end of this road. And hopefully sooner rather than later, it can be stopped. We've got to get to the point again where when they get a dollar, they spend a dollar. Do you know right now they're spending like $1.80 for every dollar we send them now? This is a criminal act that is not on the books as criminal.

It's a criminal act. Not on the books as criminal. making Madoff and this FTX mudhound and every other con artist into just pikers. Nothings. Absolutely nothings. We will keep calling them out. We will keep ripping them apart because when all is said and done, it's going to affect you, the economy, your industry, your jobs, the markets, the future.

And they know they're going to be dead or retired by that time with lots of bucks in their hand. There's a bunch of them worth 10, 20, 30, 40, 50 million bucks on $180,000 salaries. And no one investigating that. And you want to know why we're P-Oed. That all said, I'll be on with Varnie and Company tomorrow, 10 a.m. Fox Business Network. You have a great evening drive carefully when you get home, do like we do. Make sure you hug your family. Make sure you hug your children.

That was another spam call. And again, 10 a.m. tomorrow, same time tomorrow of this show, thanks for joining us. Always an honor and a privilege that you would be listening to anything we have to say. Have a good night, everybody. Stay well, be well. Bye bye. This has been Investors Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to Gary K.com.

That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.

Go to Tommyjohn.com today for 25% off your first order with code, That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice.

Get up to 5% cash back with Venmo stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusions apply.

See terms at Venmo.com. Me slash stash terms. Max $100 cash back per month.