Investor's Edge with Gary Kaltbaum - WHIPSAW [08.20.2025]

Episode Date: August 20, 2025

https://garykaltbaum.com/

Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up

and go pick up or delivery. Restrictions apply. See website for full terms and conditions. Investor's Edge with Gary Cultbaum. 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 Colbaum, your host.

A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Wednesday, August 20th, 2005. Hope you're having a good day. No, really. Hope you having a good day. In case you don't know, there's a serious talk on everything that affects you. We'll do the markets.

And may I state for the record today, Whipsaw Day in the market. We'll get to that. We'll do the economy. We'll do your job. We'll do your industry. We'll do Russia, Ukraine. We'll do debt and deficits and big beautiful bills and scams and shams and cons and corruption. You name it, we cover it.

If you do not get this radio show in your city, we'll post it at Gary Kahn. We'll also post it on our X feed. And if you don't follow us, then X, you should. And if you'd like to email us, just be nice. We'll also put it on the podcast apps and also the BizTV YouTube channel. Check it all out. Ladies and gentlemen, just so you know, my father is now home. They call it home hospice.

And supposedly what they're telling us, look, if he's got an issue, no more hospital. Try telling that to my brother who basically told. the palliative, whatever, palliative nurse to go, you know what. You take care of what you got to take care of. Anyway, I actually spoke to my father. He talked to me for the first time in quite the bit. So that was exciting. But leave no doubt it is extra innings at this point.

And wow, you know, the end. emotions back and forth of heartbreak, but as I said to you, and I thought I was going to catch crap for it, but I didn't. People understood when my mom was heartbreak but relief at the same time. Well, we'll keep you informed. He's resting well, complaining, calling for the help every 15 minutes, even though he doesn't need her. Welcome to my world. Anyway, by the way, he earned everything we are doing for him. It's the best way I can put it. And I just want to start off with one other thing that has nothing to do with the market, but I just think it's so important. I really do, because we have been let down by the lies and the obfuscations of the media for such a long

time when you had massive inflation under Biden. They didn't say a word and then they blamed it on Republicans, even though Biden was running the show. They never said a word about immigration, even though Biden on purpose. Who knows, 10, 20, who knows how many millions and was flying them around the country at the different cities at 2 a.m. in the morning and making those cities pay for these people. And when I use the word these people, I'm not, I have nothing against anybody wanting to do better for themselves and families. Are you kidding? Are you kidding? Our best friends in life, who we call our family, came here legally from Honduras.

And our hardworking, wonderful people. I would gather most of these people trying to get in here are terrific. There's definitely a criminal element, but there's a way to do it. You know where we stand on that. And if we can do better getting it done legally, that would be cool because, you know, whether from another country or not, they still have blood. They still breathe the same air. That's the way I look at it. We're not a big fan of how they've been doing some.

I've been reading some terrible stories on deportation. And hopefully they're fixing that up. You can't throw everything against the wall hoping it sticks. But my big point on this is I get to my point. You know, while I've been sitting helping out my dad, I've been turning channels and stuff like that. And I have to tell you, you know, I'm not all in on the president. I wouldn't call it love hate, but love dislike. They're ripping him to shreds over his handling of this Russia thing, Russia, Ukraine.

Oh, they bring on people to say he's got a big ego and he's doing it from himself and he just wants a Nobel Peace Prize. just anything to put him down. And all I'm doing is I'm thinking to myself, wait a minute. So who cares if he has a big ego? Who cares if he was doing it because he wants a Nobel Peace Prize? Imagine if he's able to convince the Russian, Putin, not even the Russians, Putin, I'm stopping the war. Imagine that.

Yet these, God, they suck. They really do suck. and I got to be careful in saying, but I wouldn't put past them they're hoping that he fails that the war continues so they can put as you know what down. What a shame.

And I wish I was on satellite right now because I got a few four-letter words I can use. Imagine a precedent trying to stop a war. And all you do is put him down. And all you do is accuse him of this and that, and you should see the miscreants they bring on TV.

You wouldn't believe some of these people. Anyway, that's my defense today of the president. Let's move on. Okay, so we've had some distribution in the market, and we came in today, and they were smoking the market down again today. Let me give you some examples of today. We'll talk to important names. Nvidia today hit 16880.

At that point in time, it was down about seven bucks. Closed down 26 cents. Catching the drift. And by the way, it's up a little bit in the aftermarket where it's green. Palantir, another important name. The stock just dropped from 190, hit a low today of 142. At one time today was down 16 more dollars after getting squashed yesterday. day, finished down a buck 74.

Let me get to my point, and I'll explain. How about Oracle, which been topped out, had a real bad day yesterday, broke the 21 day, but earlier today hit 228 and a quarter, closed the 235 and change. It was down almost seven bucks finished up today. See where I'm going? Let me pick out some other strengths. How about Broadcom? symbol AVGO hit a 281 87 was down 12 bucks today finished down $3.74.

Now these are what we would call some of these glamour, important names. Meta, that's been squashed recently. In fact, went from a high of 796 at 731 this morning, closed at 747. It was down $20 today. It finished down $3.76. That's an important name, right? Names that maybe you don't follow but have been strong. How about Credo Tech, C-R-D-O, hit $100 today?

It was down six in change, closed at 106, down 31 cents. How about, do a couple more. How about symbol A-L-A-B? a strong name offer earnings. It just dropped from 200 down to 161 in five days. Hit 161 today down 10 bucks, closed at 172. It was up a buck today. Oh, so you had all these stocks down a lot, yet they finished way off their lows with some actually up on the day. The NASDAQ today was still down 142 points but hit a low today of 20,005 that's 267 points lower it was down 409 points finished only down 142 on top of that both Palantir and Oracle both broke that

all-important 50-day moving average and finished back above. On Palantir volume was very heavy. Oracle, not very heavy. Typically, when you break below important support areas of moving averages and finish back above on heavy volume, typically in my world, it's called a washout. It means Palantir, just for example, and this is not a prediction on anything, nothing about tomorrow. Palantir, which went from 190 to 142, when it finishes like it did today, that's considering a washout of the late sellers as it broke support but finished above it. That's why they call it the washing out. Typically, that would be some sort of a near-term low.

Typically, I will not even go past the close today, but we just want to report it to you what happened today. Up next, more on today. 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.

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 888-4-22. 5559. That's 888-422-5-5-9. That's 888, 422-5-5-9. Investment Advisory Services offered through Call-Bomb Capital Management. Hello, hello, I'm Malcolm Gladwell, host of the podcast Smart Talks

with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna, and I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their,

developers who write software 30% more productive today with the goal of being 70% more productive. Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did.

We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology. It's getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com.

slash smart talks. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward.

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APU.org. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more.

Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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. So we're just, hey there, what's up? I'm just describing to you quite the occurrence today. where markets are down a lot on top of what they did yesterday and get a lot of it back

with very important vital names and you know how vital they are you know the influence getting back the early losses with some actually being up on the day that's us deciphering the best of the best we actually hope you got a couple of weeks

because we're in August September where they just sit down right here and then turn up. But who knows? Just letting you know, dang. They were smoking them today like there was no tomorrow. I believe the low of the day, though. Actually, I don't have to believe the law. I'm just going to my screen here.

The low of the day hit at 11 a.m. And just drifted, drifted, drifted. The Dow at one time today, you know, the Dow's been stronger. The Dow at one time today hit a high, a 45-0-20. It was actually up near 100, finished only up 16, but not bad at all. For me, though, the big story, those glamour names, may have. I'm going to put the may-have, been washed out. Now, other names went bye-bye.

Whenever you get pullbacks, even harsh pullbacks, even if, few percent pullbacks, you will have some names that go by-by. And what we mean by that is they break very important support and especially that 50-day moving average. Simple as that. And what those names do, what we do with those names is we just move them to the side until they're able to get back above that moving average, which still doesn't prove anything. You still got to start what we call ascending and moving. higher. So just letting you know, a big wow. Now, other things we notice today, take it or leave it, travelers, Allstate. How about Hartford, three big insurance companies into New High Ground.

Three insurance companies, travelers in the Dow. I take it back. Travelers are still a couple of points away, but that's close. But all state, yeah, new high ground. Now, with the insurance, I went through all of them, they're the only three that are really in real shape. But

just let you know. Let me give you one more that just stuck out for me today. And, you know, it really is not done much in months. It's up a little bit. MasterCard. And when I say MasterCard, that sucker is whipped all over the place. That's back

near the yearly highs. In a big base butt, V's not even close. Usually they move hand in hand. So MasterCard sticks out for me a little bit today. That's fine. But again, the big story is, and I'll call it a wow, because they were smacking the crap out of these today. And I'm always asked, what causes all this?

I try not to worry about that. All we're trying to do is read the minds of the big money crowd, and every now and then you get whipsaws and wild swings. Every now and then, that's what you get. Whipsaws and wild swings. And you have to know what companies are what we would call the defining forces in the market. And recently it's been Palantir, NVIDIA. And Palantir today, again, was getting blasted today below the 50 day, hit 140,

closed at 156, still down on the day. but that is considered a washing out of late sellers after a $48 drop, which I do believe would be about 26, 27 percent in a matter of six days. And as you know, there was some guy who came out yesterday that said it's worth 40 bucks. And as you know, we told you that we don't understand the valuation. But as my buddy Jim Ropal always says that in bull markets, he actually says this and people laugh, but it's true. In bull markets, valuations tend to not matter because the market will take things farther and higher and more ridiculous than you would ever believe. And by the way, this is not advocating Palantir, but when we tell you that Palantir, when we tell you at the close today, even after this drop, it's got a $370 billion market cap, we $3.something billion in sales, which is just asinine, ass a 10, asset 11. Well, guess what? At 300 billion market cap, it was ridiculous, and it still went up another 20%. At $200 billion market cap was ridiculous, and it almost doubled.

So you never know where are markets going to take something. All you can do is pay as much attention as possible and do know, as we have stated and have proven to you time and time again. In bare markets, valuations will matter. In bare markets, companies with zero sales doesn't matter if they're into nuclear, quantum computing, robotaxies, drones, or every other crypto miner that is a startup, they're all going to drop. 75, 80, 90%. How do we know? we know what bare markets do because we've seen them we've studied them

we've experienced them and just in 22 they knocked them for 70% those were the good growth names and you know what they did to the speculations destroyed and of course right now a few themes are back

they got hit recently but they're back and I have reported to you companies with no sales that have been public for 10 years with no sales. And they still go up in price. Yesterday, there was a biotech that dropped, what, 30-some-odd percent or actually 40 percent. They've been public for 11 years. They've never had a sale.

How do you stay as a public company for 11 years without a sale? The answer beats the hell out of me. But we have to remember, and we are not in a bare market right now. when we go into one you better be the heck away from froth and speculation and themes with no sales or companies with big gigantic losses because not nine out of ten times but ten out of ten bare markets they will clip the hell out of them because valuations will matter the old line that the curtains come down when the market goes bearish comes to mind in a very big way. And again, they are up in the trees, some of this stuff. And I've reported to you, and I don't care what the news is on any of this stuff. You can't buy $10 billion companies with continuous no sales and think they're going to hold up forever. We'll be ready, we'll be loud if we get to that point, or when,

Up next, what else was saying? Oh, yeah, the Fed said something today. I'm Gary. This is the one only investors edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum,

or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the time?

timeline of this technology. There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward.

Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points.

Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-San, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or deliver. Restrictions apply. See website for full terms and conditions. debut on ESPN platforms starting on September 20th. You know, they did this is a big deal. And that's earlier than previously announced.

You know, I used to get made fun of because I love professional wrestling. Ain't nobody making fun of me anymore. I was just at the giant stadium or MetLife, they call it, for the first night of SummerSlam. I think there was 60,000 people there, 55,000. Everyone used to make fun of me. How do you like that stuff? I said it's fun.

It's all fake. Yeah, so. Did you go say any movies this week? Yeah, that's fake. That's all. That's a, I'll tell you, the WWE is just coining money. Good on them. If I had to do it all over again, I'd be working there.

I'd be booking and producing matches because I'm very good at that. And you know what? I think I'd love doing that too. I think I would love doing that too. What else? The Fed had their minutes from last month. I didn't even look at them. People sent me what they said, and I don't care.

The president wants to fire today. And this is the thing that pisses me off about Trump on this. He comes out, we fire this woman, one of the central bankers, for committing mortgage fraud or something like that. so guilty before innocent just fire her boy I hate to ever be in his crosshairs just fire her just like they she

fired the woman from the Bureau of Labor's this fire her she rigged it he called her a cheater and basically a criminal and she probably got death threats so here's this other woman by the way I have no idea whether she committed mortgage for it or not But you know what we have in this country?

Innocent before guilty? And you know it comes out and says, well, he hurried. This is the president of the freaking United States. Not throwing darts at individuals, but harpoons. Imagine this woman, what if she's innocent? And I have no idea, but this is the stuff that really pisses me off about the guy. and he should know look what they did to him

what did I tell you I defended him on all that stuff it was purely political and they ran it through New York purely political one of the jackasses said Moralago was only worth 10 million bucks and he lied

Moralago probably is worth a quarter billion dollars so one would think he would learn hey look they did it to me I'm not going to it to somebody else. No, I'm going to do it to somebody else. Gary doesn't like that. I wish I can sit down with the man. I try and sway him. Think first. But you know what he knows? He can't be sued. He's immune. He says that. And, you know, if he was just an average normal person, what is? Slander, libel, whatever hell you call it. I wish he'd stop. He's doing a bunch of good things. And let's hope fingers crossed again. I sure hope he gets something done with Russian Ukraine. So the Fed, and what was sent to me was they said this and they said that.

One sent me that basically maybe they're not going to cut rates. The other one said they're still going to cut rates. It beats the hell out of me and I couldn't care less. My biggest problem is the president has made him famous again. He was off the table. Nobody even cared anymore. Nobody was even talking about it. And now the president, he's a moor and he's a dufus.

I need to fire him. I'm not going to fire him. I'm going to fire him. I'm not going to fire him. What is he going to do next? It doesn't matter. Watch the 10-year yield everybody. That'll dictate.

If the president ever got his hands on the Fed funds rates through a proxy and took it down to 1%. I'm telling you all hell would break loose. Wait a minute, Gary, but that's easy money. Isn't that good? Oh, what did the easy money of Jay Powell taking rates to zero do? Oh, that's right. we had 9% inflation. Did you enjoy that?

And by the way, we still have inflation right now. It's just not 9%. Did you enjoy that 9%? Because that came from Jay Powell, 0% interest rates in printing to $9 trillion when he wasn't supposed to. Oh, but wait a minute, Gary, he should have because of COVID. No, no, no, no, no.

He did not have to. And especially as soon as we opened up, He should have tighten that sucker the next minute. But no, he wanted to be a hero. 9% later, that's what he should have been fired for. Anyway, the Fed said this, that, the other thing, and I don't care. I don't know what's the rest of the week. All I can tell you is I'm so happy.

It's quieter as far as earnings reports out. I will tell you that analog devices was up strong today on earnings. I will tell you guess GES is being bought out, private equity, just wanted to let you know that, no biggie. I need to let you know, gee whiz, Target. Wow. Go look at a chart. Go get a five-year weekly of Target and then put it up against Walmart. What a difference, man.

So Target reported it finished down, actually at one time today, it was down about 11, finished down $6.66. cents. Earnings down 20% revenues down 1%. That's following a 36% drop and 19% drop a 12% drop in earnings. The stock hit an all-time high

267 August to 21. It's 98 change now. I go to Target. I don't see much different. It's bright. It's red. You know, I can tell you

it's maybe a little bit less busy, a little bit more, I don't know. All I can tell you is whatever's gone down there. They ain't making the money they used to. And I know they had inventory problems in the past, whatever. All I can tell you is it's an avoid. And for us, it's been an avoid for, since I'd say, September of 21. We haven't even thought about one share.

Unbelievable. Just remember, Kmart, Target, Walmart. They all selling the same things. and it really comes down to people running the show and really getting things right. Amazing what Walmart's done. And I have to tell you, the ability to even grow sales by Walmart, when they do, let's see, 340, 440, 5, 10, 60, 680 billion in revenues in the last 12 months, and they're still growing the sales, small, But to me, that's a miracle.

What a success story. And I still remember Bernie and Elizabeth Warren pissing all over Walmart. You know, because they wouldn't unionize. Don't you love Marxists? One of the greatest, if not the greatest, job-creating machine, Walmart. You know how many they got? Do you know how many cashiers are now managers of stores? A lot.

But the Marxists were going after them for a while. Haven't heard that in a few years. Anyway, nice little comparison, Walmart, and you know what happened with Kmart. How many, was it for three years I was explained to, the Kmart where I live sucks, and then one by one they were shutting down. I don't think there's any Kmart's left, is there?

I read there was one maybe. I have no clue about tomorrow. but maybe a decent washout today. And I'm not talking about the Dow, and I'm not talking about the lower beta areas. I'm talking about that glamour stuff. And Invidia, with the aftermarket, finished up 11 cents today after being down seven bucks.

By the way, they report next Wednesday. Do not forget that. And I have absolutely no clue as to the reaction of what they say. But dang, nice little reversal at the close today. I will tell you this, there's double the new yearly lows than new yearly highs on the NASDAQ. I'm not sweating it so much. Up next, this, that, and the other thing, I'm Gary. This is the one-only investors edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing.

At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM.

I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer.

That is one that can run a very, very large. large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.

APU.org. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more.

Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!

In the Gester's Edge. With Gary Culpa. Da-da-da. So you know what I did last night? I signed up for Medicare. It's the first time I did. that. It's quite interesting. I engaged one of my high school best friends who does that for a living, and boy, was he good at it. I'm going to give out his website. If you need help, by the way, I guess he does all

insurance, but man, I think he really special. He does everything. Yeah, he does everything. BIC insurance consultants, B-I-C-K. That's the website go check it out so just so you know I know nothing I've never looked at it studied it Medicare Medicaid and all that crap he walked me through it and went pretty easy considering it's a government website and I'm gonna save a bunch of money from my Florida Blue Plan that I have now that goes up like 15% every year let me tell you the the insurance companies and I understand as you get older they They got to charge more.

But man, oh, man, you would think a little bit more than the rate of... No, we're just going to take you from this to that. And if you don't like it, tough. And by the way, I try to change. This is a few years ago. And they said, you couldn't unless you went into some Obama thing. So I think... Maybe not quote me on this, but I think Obama put you in jail when it comes to insurance policies.

You can correct me if I'm wrong, but I'm just telling you what was told to me. Anyway, my good friend Bick insurance consultants, his first name is Mario. Met him in high school. And boy, he was great. I love people that know their business back and forth. He knew the ins and outs of Medicare. And let me tell you, there's a bunch of moving parts. Part A, Part B, Part D.

supplement this, supplement that, this, that, and the other thing. Why government, think about this. Do you know how many pages there are in the tax code as well as, it's not just the tax code, but it's also they do all these court cases that come. It's like 70,000 pages. Have you ever asked yourself a simple question, why can't we just have five tax rates? And charity deduction, mortgage deduction, and that's it.

Why do you even get a child tax credit? Not that I'm against them, but I'm just saying they have made it so freaking complicated. If I was president, I would apologize to the accounting business lobby, but we are going to simplify the tax code. Do you know how many bazillions of dollars are spent to comply with those laws?

Do you know how many moving parts they made? and you think to yourself, they had to do this on purpose just to piss America off. Think about it. And it's just like, what is it called, the Federal Register, which has all the regulations. Have you ever seen the size of that? Regulations, yes, we need oversight because we can't take care of ourselves. We're duffus is. Just wanted to talk about this.

Because as I was going through this Medicare, I'm like, Jesus, this is complicated. He uncomplicated it just so you know, my buddy. But I think, and this is not a put-down, but I think it's a fact. For the average person, they look and say, what the hell is this? Can't you just tell me what the premium is and that's it? Why are there eight moving parts? And this is my deductible and this is what I can do. And that's it.

No, you've got to do this, da-da-da-da-da-da-da. And then you've got to do the drug one and the drug this and drug. Oh, and you've got to look at the milligrams on the drug. Man, oh man. By the way, go Google the words, tax code, how many pages. Go look up Federal Register. They've complicated things on purpose just to piss us off and explode the blob in D.C. It's how big they are.

Go look how many employees of the Social Security Administration there is. And how big and how much they spend there when we never needed Social Security. Who needed it? It's a good idea to force some money away from salary into retirement account, but it should have been in your retirement account, and you should have been forced. Okay, we'll buy 10-year bonds, not even the stock market. You know how much money you'd have now?

A bazillion dollars more. And you wouldn't have to worry about anybody sending you a check. And God forbid you were able to put in 10% in the market going back whenever they started Social Security. Holy crap what you'd have. Oh, and by the way, they tell us the debt and how much they're going to run out. You know, why? Because it's a failure, Social Security, from the top, meaning they forgot demographics, breakthroughs and medical.

So people living longer and getting more checks. And what do they do? Anytime anybody tries to look at it or even speaking, oh, you're throwing grandma off the cliff. Vote for me. So just letting you know this whole government. thing. I'm just tying it all together. Why? Because I was going through this Medicare Medicaid. What the hell is all this? Why can't they just make it easy? I know once I'm done, it's going to be easy, I think. But you know what I'm talking about, right? Have you seen a hospital

bill when you go to a hospital? It's a comedy act. Well, you can't really laugh, but it really is. I got a $26,000 bill for eight hours at a hospital and they said I was out. outpatient for 5,000, and they gave me 6,000 for the emergency room. I was in there for 10 minutes. And then when I argued it, they changed the 6,000 to observation. And I said to the, I don't know what the title, what are you guys, just a bunch of scammers? Well, it's not me. How do you go from 6,000 for this to 6,000 not because I complain. Why don't just take the 6,000 off? Well, we can't. Welcome to our health care system. If I was president, I'd be attacking the hell out of all that.

And then people would say, I'm trying to throw grandma off the cliff. And there you have it. All right. So big maybe washout day. I have no clue about tomorrow. We'll see how it goes. You'll have a great evening drive carefully. And when you get home, do like we do, quite simple.

Make sure you hug your family. Make sure you hug your children. They will feel better. You'll feel better. I promise. Stay well, be well. Thanks for all the kind words from my father. And we'll be, actually Adam will be doing the show tomorrow.

I'll be back on Friday. Have a great one, everybody. Take care. 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 GaryK.com. That's GaryK.com. Success starts with your drive.

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