The Ben and Emil Show - BAES 135: FED WARS: POWELL STRIKES BACK

Episode Date: January 15, 2026

The head of the Fed is tired of the bullying and he's pushing back openly and publicly against Trump and his baseless accusations. We'll explain ALL of it so you don't have to worry about a thing. PLU...S we're talking about the Golden Globes and some other stuff! It's a good episode and you should enjoy it! This week's bonus is a BANGER. Support us and get bonus content, ad-free versions and more plus your first 7 days free at https://benandemilshow.com WATCH THE LATEST EPISODE OF EMIL'S NEW SHOW! https://www.youtube.com/watch?v=PHG9iIjhXvI OUR NEW CREDIT CARD SITE IS LIVE!!! Go get that AMEX personal card before it's gone! https://thecreditcardlist.com Give this video a thumbs up if you enjoyed it! And please leave us a comment! It helps us! ***Ben's new movies and tv podcast with Dillon is OUT NOW! GO WATCH the latest episode on our TOP MOVIES OF 2025: https://youtu.be/tbC-cMqcby8?si=tO0NK0PmpN2187ir **CHECK OUT EMIL'S LIVESTREAMS HERE: https://www.youtube.com/emilderosa __ SOME OTHER VIDEOS YOU MAY ENJOY: That's Cringe of Cody Ko: https://youtu.be/dTbEk0pVh2w Our AUSTIN VIDEO: https://youtu.be/yGSs56bFzRU Our episode with Kyla Scanlon: https://youtu.be/cIHWkY35cuc Big Tech is out of ideas (ft. ED ZITRON): https://youtu.be/zBvVGHZBpMw Arguing with a millionaire (ft. Chris Camillo): https://youtu.be/1ZUWTkWV_MM We bought suits HERE: https://youtu.be/_cM1XqA9n2U ***LINK TO OUR DISCORD: https://discord.gg/CjujBt8g ***Subscribe to Emil's Substack: https://substack.com/@emilderosa ***Trade with Ben at https://tradertreehouse.com __ SHOPIFY: Go to https://shopify.com/baes to sign up for your one dollar per month trial and start selling today! ROCKET MONEY: Let Rocket Money help you reach your financial goals faster. Join at https://rocketmoney.com/baes to get started. __ Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Starting point is 00:00:27 Visit medcan.com slash moments to get started. The Fed, the Federal Reserve, what do they do? They just tweaked the little knobs of the interest rates. And one of their most important aspects is their independence. They're not supposed to be a political institution, right? You'll sometimes hear to him referred as Jay, Jay Powell, and he was appointed by Donald Trump, which is very funny because Trump recently said, I don't even know who appointed this guy. It's like, you did, sir.
Starting point is 00:00:55 Once again, the call is coming from inside the house. You're holding the phone. That jerk will be gone soon. Sunday night he puts out his own video. This is about whether the Fed will be able to continue to set interest rates based on evidence in economic conditions or whether instead monetary policy will be directed by political pressure or intimidation. Which is crazy. Nothing will move the market. Nothing.
Starting point is 00:01:17 Venezuela. Nothing. No one cares. I am the meme of that guy with the glasses. Nothing ever happens. I'm not sure now. You never seen the nothing ever happens meme? Nothing ever happens.
Starting point is 00:01:28 Boy, I'm glad I don't wear glasses. anymore. That could be totally me. Chigarino, chikaroonie, chigaboonie, chikaboonie, boon, boon, boon, chica boon, chichichichichich, chichoboomboom. Oh, Daddy, oh. Welcome to the show, everybody. We've got an absolutely jam-packed episode for you today. We're going to be talking about how the Fed is going head to head with Donald J. Trump, the president of the United States. The only person in the government who is willing to actually step up and do something and say something about Donald Trump. Then we are talking about
Starting point is 00:02:26 we're going to talk a little bit about the golden globes. Oh, we got to talk about the polymarket gold and rocky by polymarket calcium, uh, fan duel. Yeah, and uh, the fandango, the only one missing. Mayor Adams, uh, did a, did a crypto coin rug. We got, who knew? Literally, I mean, I guess we all could have seen this coming. That the craziest guy is, his, is maybe, maybe his Turkish plug. has ran dry and now he's got a rugpole.
Starting point is 00:02:56 There could be a crack pipe in your child's backpack. There could be a device for smoking marijuana or a gun. Then if we've got time, we're going to get to RFK his war on protein ending the war on protein.
Starting point is 00:03:12 And also we're waiting to see what happens there, but Iran's got some stuff going on, obviously. And it's so, it's so, it's so bloody stupid I'm trying not to cuss in the first minute
Starting point is 00:03:26 Trump's saying of course oh hey you better hey Iran you better not kill any of those protesters you better not shoot any of them because you know we'll then we'll have a problem meanwhile you know what do we do with our own protesters meanwhile my feet is just full of
Starting point is 00:03:41 protesters protesters getting manhandled I watched one I mean who knows if he's alive or dead the which one there was that video of them just beating the absolute hell out of this guy until he literally went limp. They all had to like grab a limb and pull him away. But yeah, I don't know. Go ahead. Try to try to bomb a country into democracy.
Starting point is 00:04:04 We'll see how that works, you fucking maniacs. And yeah, I mean, by the time this comes out, all this is, who knows, the Department of Homeland Security is tweeting out that, oh, don't get me just started on their Twitter accounts. Fear not, great people of Minnesota. The day of reckoning and retribution is coming. imagine being like these are the good guys and they're also true I mean I know it's been like a people that comes from a Donald Trump
Starting point is 00:04:34 truth that's where they pulled it from people have accused liberals of being gay and alarmist and Trump's arrangement syndrome but it is refreshing seeing a lot of like right wing personalities acknowledging that hey maybe they were right especially when it comes to like Nazi stuff
Starting point is 00:04:52 Because now... Is that happening? Dude, the D... Yeah, oh yeah. There's a couple guys in there. I feel like I see people talking about doing the thing where they're like... Like, left-wing people are liberals being like, you wouldn't believe how many people have come to me and said,
Starting point is 00:05:07 you know, I'm putting this mega stuff behind me. And I'm like, where is it then? I don't think that they're putting it behind them so much as... Because they still believe in the original tenets. I'm taking my hat off. It's more that they disagree with this iteration of Trump. and what he's doing. But, I mean, the DHS or whoever, any, you name it, the White House account, they're tweeting
Starting point is 00:05:29 straight up like Nazi. Yeah, they've been tweeting Nazi shit. Yeah, but it's getting, it feels like I can't tell if it's trolling or not. The one of ours, all of yours thing that was on the Christy Gnome, whatever that is called, like lectern or whatever. That is fully Nazi shit. Yeah. Yeah, it's psychotic.
Starting point is 00:05:55 And they're, you know, they're doing the, like one, one homeland, one, one, it's just like the Einvolk, Ein, Deutsche Land thing. You know what I'm talking about? No, I don't. I don't know what you're trying to say. It's like the one, I retweeted it. If you can find my account, I retweeted it. We didn't even want to talk about this.
Starting point is 00:06:19 Well, so real fast. Hey, we each have a couple new shows, man. You got to go check out our shows. Wow, you retweeted. There, there it is. There it is. So there's the... Oh, got it.
Starting point is 00:06:29 One people, one Reich, one, one, one fur. And there, in the Department of Labor tweeted, one homeland, one people, one heritage. Yeah. Remember who you are, American. It's all this, remember who you are. Fucking weird white nationalist, accelerationalist, accelerationist, 18 to 23-year-old white guy. Not even that, dude. I mean, it's...
Starting point is 00:06:50 These are gross. own ass men. I'm seeing like... I bet it's a young man running this account. Oh, oh, running this account. I'm just talking about like all the kinds of people I've seen... Yeah. Getting... I mean, heart goes out to all the people
Starting point is 00:07:05 of Minnesota. Big ups to everyone. Big up! In the streets telling these people to go fuck themselves. Yeah. I mean, someone tweeted and I was like, that just can't be true. They were talking about how there's more ICE agents in Minneapolis than Minneapolis
Starting point is 00:07:21 police officers. I mean, I wouldn't put it past him at this point. I Googled it. There's only 600. There's 900 total employees. There's 300 civilian positions. 600 police officers in Minnesota. And they're estimating at least over 1,000.
Starting point is 00:07:39 Some estimates are at like 3,000. This one woman had a really... It's like a full occupier. They're just stormtrooping through the cities. I saw someone had a really, really good perspective on this, which is that it isn't, I mean, as if, I know it's kind of speaking the obvious, but it's not about actually deporting people. It's about going into, because you notice they're not doing it in any red states or any red cities, where they probably have more actual illegal immigrants.
Starting point is 00:08:09 But they're not doing that because that would be getting rid of the ostensibly slave labor of Trump's, not his cronies, but, you know. supporters of his that rely on illegal immigrant labor. And meanwhile, they're going in and very, very ineffectively under the guise of getting rid of illegal immigrants. They're just terrorizing the opposition. Oh, yeah. I mean, they're not doing anything. Everywhere they go, they're being followed and they're just like cracking people's heads. I mean, I saw one lady just she was trying to get through, drive through. She was saying she had a doctor's appointment. These guys escalate at every turn. They smashed her, they smashed her passenger window,
Starting point is 00:08:52 and then they start, they start grabbing her. They literally rip her out of the car and drag her away. And I mean, she's still seatbelted. At least two of them, I saw draw their knives to cut the thing. It's like, these guys are so quick. They're fucking morons is what they are.
Starting point is 00:09:09 Anyway. And I think the Minneapolis thing is because it's kind of the perfect size. They've tried to do stuff in New York. They've tried to do stuff in L.A. L.A. It's not dense enough. They couldn't make a real show here. New York, every time they tried to do something,
Starting point is 00:09:24 people were coming out and just telling them to get lost. Minnesota, what is it? Like half a million people live there. Tops. I have no idea. It's small enough for them to really make a show. Yeah. Well, folks, the credit card list is up. And we got, well, they let me know when there's certain offers going on right now.
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Starting point is 00:10:05 drugs. They'll just hand you all kinds of stuff. Trader Treehouse is going strong, man. Oh, what a year it's been so far the last two weeks. So just a periodic reminder that that exists. And hey, you know who died? Scott Adams. he blocked me on Twitter
Starting point is 00:10:21 years ago for making fun of him and um did you say Dilbert more like Dildo you suck I don't remember what I said but it must have been
Starting point is 00:10:30 I don't know it must have been some kind of defamatory and he just sucked shit I don't even know if people watching this even remember Dilbert probably not
Starting point is 00:10:39 Dilbert was a cartoon a comic strip in the newspaper in the newspaper I used to read it every morning I would read Dilbert because it was part of my that was my morning routine
Starting point is 00:10:48 before going to school. I would get out the funnies and read it and have my cereal. No, I would never laugh. I would just be like, some of them were funny. I don't remember some of the other ones, but yeah, I would read the funny comic strips. And he became a big Trump supporter. And it was really annoying because he was like attributing all this genius to, he was one of the main guys who's like, he's actually a genius. He's a master in hypnotism. He called him like a hypnotist. No, because I'm a trained hypnotist, and I know.
Starting point is 00:11:23 And he just died of cancer. Prostate cancer. And he tried to appeal to the Trump administration to cut the line for treatments. And then he died and then scroll to the top. Let's look at what the White House tweeted out. They tweeted out a very impotent. A little AI image. Yeah.
Starting point is 00:11:42 Obviously, AI image of Dilbert hanging out with. Trump and Vance. Yeah. Anyway. They call him the sadly the great influencer, Scott Adams
Starting point is 00:11:56 has passed away. He will truly be missed. God bless you, Scott, President Donald Donald Donald's a he doesn't give a flying
Starting point is 00:12:03 fuck about this guy. And nobody will in due time. Anyway, did you hear that Bill Clinton was subpoenaed
Starting point is 00:12:11 by Congress? I did. And just they wanted to testify for Epstein stuff. Yeah. And Hillary Clinton
Starting point is 00:12:17 is due to is supposed to appear and she's not going to either. They're both just like, no, I'm not going to do that. Well, they have probably the most powerful law firms backing them. Yeah, but like, hey, if you're innocent, why don't just show up and do it? What else are you doing? If I were them, I'd be eager to get in front of everybody and be like, look. I'm sure they have a lot of nasty, weird ties that they don't want coming out.
Starting point is 00:12:44 Much the same way Trump doesn't want it coming out. Yeah. I mean, we've seen the images those weird ones that came out over the holidays him in the hot tub we've seen him on the planes
Starting point is 00:12:57 we just had a good time I don't think that was a terrible Clinton I don't think Bill Clinton would be best served by going to get grilled by Republican senators being like,
Starting point is 00:13:12 did you fuck children sir? Yeah. Define fuck Hey guys, we want to take a quick break to talk to you a little bit about the new year. You know, new year, new you, new business. I should keep it rhyming. New shoe.
Starting point is 00:13:33 New year, new you, new business, new shoe. Are you starting the shoe business? No, but seriously, folks. But 2026 might just be the year that you finally launched that business. And let us tell you as someone who started their own little small fledgling business here, you just got to do it. And don't be alarmed if you, if you feel like you don't have enough resources because you do.
Starting point is 00:13:54 And one of them is Shopify. Shopify was a huge resource to us. We had no idea what we were doing when we went out on our own and started our own little venture. And thank God they were there because we didn't know anything about starting an online store. We didn't know anything about processing payments. We didn't know anything about getting paid. And they helped us.
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Starting point is 00:15:12 That's Shopify.com slash bays. Hear your first, chiching! This new year with Shopify by yourself. Because remember what was the whole thing? I didn't have sexual relations with that woman. God, I remember that that was just... Those were the days, folks, when there was one meme. There was just one, and it lasted us for months.
Starting point is 00:15:36 Do you understand? And not like today where you got one a day or one a week or multiple a week. We had one meme and we were grateful for it. It lasted us a long time. It really did. And for us, in the 90s, it was, I did not have... sexual relations with late night TV hosts got
Starting point is 00:15:54 so much mileage of material out of this and everybody knew who everybody was on the same page he did it he lied about it you know and it wasn't this whole whatever the fuck we got today
Starting point is 00:16:10 oh yeah man oh geez anyway so the Fed let's shift gears the Fed the Federal Reserve what do they do they've got a dual mandate their mandate is to, let's see if I can rattle this off the top of the dome. Maximum employment
Starting point is 00:16:26 and keeping inflation in check. And they do that. They just tweak the little knobs of the interest rates. Things are getting a little spicy out there. There's a lot of people unemployed. Oh, better lower those interest rates
Starting point is 00:16:47 so that it becomes easier to borrow money and, you know, it has an effect throughout the economy where, you know, things are cheaper. Oh, let's hire more people. Some fucking shit, I don't know. And one of their most important aspects is their independence.
Starting point is 00:17:02 Yeah. They're not supposed to be a political institution, right? They're not supposed to be party men. Yeah. They're doing what is best for the economy. Mm-hmm. Not the president. That's exactly right.
Starting point is 00:17:14 And Jay Powell, his name is Jerome. You'll sometimes hear or two and referred as Jay. Jay Powell, and he was appointed by Donald Trump, which is very funny because Trump recently said, I don't even know who appointed this guy. It's like, you did, sir. He said, something like, I remember hearing him get an appointment and then being like, that guy? Yeah. Brother. Once again, the call is coming from inside the house. You're holding the phone. It's not even that. So Trump is, and it's, it makes no sense to me because the market is at all time highs and it doesn't seem to matter.
Starting point is 00:17:51 Oh, it makes no sense for many reasons. The Powell's... Is he still bitter that he didn't just listen when he started commanding him to lower rates ages ago? Powell's term is also up in May. None of this would even really come to... This is going to take months. By the time any of this goes anywhere, which it probably won't.
Starting point is 00:18:11 He's been doing this a lot with... I mean, name any Adam Schiff, all of these lawsuits that they announce and then get thrown out. Letitia James, one of the other Fed governors, by the time anything comes of it, even if it does, if anything does come of it, the guy's going to step down.
Starting point is 00:18:33 Yeah, he's going to be done. And then Trump can put it in his whatever next lackey he's got that'll do his bidding, thus, or thereby getting rid of one last bit of the government that at least was supposed to be nonpartisan and independent.
Starting point is 00:18:48 I think I stuck the video in there. I think we brought it up on the weekend rip thing. I don't think we actually, no, no, the, if you Which one? Powell making Trump look like a goof on TV. Oh, yeah. Oh, yeah. I think we played it on weekend rip. I don't think we actually played it here, but a lot of people have since pointed out that, look, Trump does not forget, Trump does not forget being humiliated. Yeah. Yeah. And let's just play this real quick. It's, well, wait, here, let's, this is, this is at the, so the big controversy is that the Federal Reserve is, is, um, remodeling their, what is it, their headquarters?
Starting point is 00:19:23 Yeah. And there's now a criminal probe into, I mean, it's just ridiculous. Because they're like $400,000 over, or $4 million? I forget what the number is exactly, but. And they're accusing him of skimming off the top. Yeah, and lying about it to Congress. Which is such a, it's like they're trying to do a, what was that, Jungadi, where they got him on tax evasion?
Starting point is 00:19:48 I think you're thinking of Al Capone. Al Capone, Al Capone. All right, go ahead. Let's play this clip. So we're taking a look, and it looks like it's about $3.1 billion. It went up a little bit or a lot. So the 2.7 is now 3.1. I'm not aware of that.
Starting point is 00:20:04 Yeah, it just came out. Yeah, I haven't heard that from anybody to the Fed. It just came out. Al hates him. 400 million, I meant to say. No, said it about 3.1 as well. 3.1. 3.2.
Starting point is 00:20:18 This came from us? Yes. Pause it for a second? So Trump makes this claim that they're $400 million over budget, and Powell is obviously very confused. He says, let me see what you're actually referring to. He pulls it out, puts on his little reading glasses,
Starting point is 00:20:35 and he tries to figure out. Let's see what is. You're including the Martin renovation. You just added it in a third building, is what that is. That's a third building. It's a building that's being built. It was built five years ago. We finished Martin five years ago.
Starting point is 00:20:51 It's part of the overall. So we're going to... So... So... Trump somehow in his calculations included a building that had been built five years ago. Yeah. And it's obviously just... This is all just...
Starting point is 00:21:08 It's all just a... It's a... What do you call it? Something chase? What do they call it? Not a rat chase. Wild goose chase. Yeah, wild goose hunt.
Starting point is 00:21:20 Chase. Go goose hunt. A goose chase. Me and Doug chased down five coyotes the other night. Why did you chase him down? Because we saw five coyotes right out front and I was like, fuck it. Let's just, let's chase him. So I said, I said, oh, Doug, let's go.
Starting point is 00:21:34 And he got all into it and I got all into it. And we were just like going after him. Because my neighbor's got a cat who's an outside cat, and I wanted them to just scatter. Get out of this. Get out of my shit. And it felt good. And one of them was just looking at me with showing his teeth and had his fur up.
Starting point is 00:21:48 and I was like, I'm not afraid of you. It's fun to chase cowards. They're not going to... But when there's a pack of them, I could take them. I bet I could take five coyotes. I woke up in the middle of the night recently, and I thought...
Starting point is 00:22:01 I thought it was someone's dog yapping. And it was the middle of the night. I'm going, these motherfuckers, they let their dog out to do this shit in the middle of the night. And I literally went out, and I'm in my underwear. I didn't even bother getting dressed
Starting point is 00:22:17 and I went outside. And then as soon as I open the door, it stopped. It's like, Jesus, what are the odds of that? And I went back. And then I went back to sleep. And then the next morning, Sarah was like, they're coyotes. That was not. Yeah.
Starting point is 00:22:32 They go. Then Jay Powell, this last, when was it? Sunday night. Sunday night. Sunday night, he puts out his own video. Yeah, which is really, I got to say, folks, this is unlike anything I feel like we've seen in a long time. in American politics. Let's go ahead and let's play it.
Starting point is 00:22:52 Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned, in part,
Starting point is 00:23:08 a multi-year project to renovate historic Federal Reserve office buildings. I have deep respect for the rule of law and for account, in our democracy. No one, certainly not the chair of the Federal Reserve, is above the law. But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure.
Starting point is 00:23:31 This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. Look at those. It is not about Congress's oversight role. The Fed, through testimony and other public disclosures, made every effort to keep Congress informed about the renovation project. Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President. This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions, or whether instead monetary policy will be directed by political pressure or intimidation. I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. In every case, I have carried out my duties without political fear or favor, focused solely on
Starting point is 00:24:28 our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people. Thank you. Bravo. I fucking hated this guy because he cost me a lot of money.
Starting point is 00:24:51 I still remember it. I believe it was January or February of 2018 when he caused the market to absolutely tank because of some stupid comment that he made and I've hated him ever since. But I can't help but like him. I mean, that's the day. Everyone's rallying around him because he's...
Starting point is 00:25:08 I think people dislike this guy for a lot of reasons, a lot of his policy things that are substantive and they have disagreements with him and don't believe he's the best guy for the job. Unfortunately, in this Trump era, we now have to, you know, people are going a little over the top with lionizing him and doing like, well, we have our ticket for 2028 and it's like him and AOC. Yeah, it's like, all right. Hey, guys, we got to take a quick second to talk to you about rocket money. I don't know about you, but my New Year's resolution is to get. my financial situation in order, okay?
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Starting point is 00:28:02 That's rocketmoney.com slash bays, rocketmoney.com. I like that he just addressed directly what it's actually about because the White House is counting on people being too stupid or uninformed to know and think that it's really about Jay Powell doing something something illegal or nefarious, but he's just like, it's straight up about them being unhappy with our interest rate setting.
Starting point is 00:28:33 Oh, I mean, Trump has made no... Oh, dude, he's still today. He's made a very public that he wants the... That he wants the interest rates to come down. Let's queue up those two clips. Trump wants markets to go. up. Trump's also said that he had no idea about this investigation or anything.
Starting point is 00:28:50 So, by the way, Jay Powell is not singularly responsible for this. There are 12 governors on the Federal Reserve board. He's just the chairman of the board. And they all, yeah, like you said, they vote and they collectively decide what's going to happen. So I don't know where he was today, but he's, here's Trump talking about Today, if you announce great numbers, they raise interest rates to try and kill it.
Starting point is 00:29:18 So you can never really have the kind of rally you should have. What happens at what we want, we're going to have a lot of great months, a lot of great quarters. I want the market to go up. You announce unbelievable numbers, and the market goes down because you know you're going to do everything possible in the Fed. We have a real stiff in the Fed, but that's for another day. but they raise rates. So everyone says, oh, they announced great numbers. It's great, great, great.
Starting point is 00:29:48 And the market goes down because they immediately raise rates. No, when the market goes up, they should lower rates. You want to see 20% and 25%. You want to see what we can do? We've got to go back to an old standard. When there's good news, the market should go up, not go down. Does that make sense to everybody? And that's the way it used to be for most of the time.
Starting point is 00:30:08 That's the way you make a country great. But our growth potential is unlimited and could be much higher if we went back to sanity. We're not doing it anymore. We're talking about the head of a Fed, of the Fed. And I want somebody that when the market is doing great, interest rates can go down because our country becomes stronger. See, you view it differently. Our country becomes stronger, and therefore interest rates, you go down, not up. They kill every rally.
Starting point is 00:30:36 If it's no matter who, it's beyond me as president. It's no matter who's president. You have a good quarter and they want to kill it because they're so petrified of inflation. And growth and inflation don't necessarily go hand in hand. You can have growth in very low inflation. In fact, oftentimes growth is good for low inflation. So we're going to work on that, Scott, right? I think we're going to work on that very hard.
Starting point is 00:30:57 I mean, I'm talking to Scott percent. Yeah. I mean, he's not wrong. That's definitely something that can happen. You can have growth. Oh, that's funny. That someone responded saying he's not wrong. you can have growth with low inflation
Starting point is 00:31:11 but this is also he's just really really oversimplifying what the Fed, it's not like good news comes out and the Fed goes, we're raising rates that's not at all what the fuck happens also the market hasn't been selling off the market's just been going up on everything I don't understand. I don't get it either
Starting point is 00:31:28 it's like he's thinking it's like his brain is stuck in 2021 or something or 20 fucking 18. I don't know what he's pissed about the market just keeps going up and and it's Jerome Powell seems not be fucking with your rally in any way. No, not at all. If anything, he's been very... We talk about it on this show about how it just goes up and up and up and nothing matters.
Starting point is 00:31:46 Literally, even bad news does not matter. Yeah. It's because he's got a personal vendetta against him now. He's, uh, he doesn't... Anybody who doesn't listen to him. Right. Or humiliates him in any way. Yeah, makes him feel like a dick. Uh, what was the other clip? Let's, let's see, what did I have there? Drop below 6% for the first time in many years. It's coming down. very rapidly and that's not with the help of the Fed. If I had the help of the Fed, it would be
Starting point is 00:32:13 easier. But that jerk will be gone soon. That jerk will be gone soon. Look at that little, look at the little in the corner on Fox News. Now, anti-ice agitators in Minnesota. Oh, God, dude. Fox News is such just, if you had to point to one thing other than Trump that has single-handedly, like, contributed to our down. downfall and our division. It's got to be Fox News as a whole, right? Yeah, I mean, I don't, I think we differ on this.
Starting point is 00:32:47 I don't necessarily think Trump is like the downfall. I think Trump is an outgrowth of like a lot of things. I mean... But now over the last 10 years, I think that he's made his own path and has absolutely exacerbated things that might not have gone this far, you know, this fast. Sure.
Starting point is 00:33:05 Yeah. So, you had Janet Yellen, who was the former Fed chair yesterday commenting saying that we are on the road to a banana republic and that the market should be concerned guess what's not concerned the market doesn't give a flying
Starting point is 00:33:21 they were briefly concerned oh yeah oh it was very funny the market started overnight the futures on Sunday night were down pretty significantly almost three quarters of a percent the dollars down gold is up gold bugs and silver bugs
Starting point is 00:33:37 are just going to keep being vindicated over and over, I think, in 2026. I heard the wildest commercial I've ever heard on talk radio today. It was for a gold buying investment service, but it was geared toward Christians.
Starting point is 00:33:53 Well, they need gold, too. But I wish I could remember it. It was like, do you go to church? Are you a good Christian? Maybe you need to start considering buying gold. After all, gold is in the Bible.
Starting point is 00:34:08 mentioned in the Bible, you know, countless times. Good enough for me. And it's, and it's, you know, and then they start going off on all these things. And I'm like, whoa, that's, that's one way to solicit your, uh, your gold company is to appeal to Christians and Christianity. Do you think, um, do you think part of his little video on Sunday was a minor attempt to get a market freak out in order to, because it does seem like, as much as Trump doesn't want to listen to anybody,
Starting point is 00:34:35 he does not like a market freak out. And I feel like you can, you can kind of map on some of his taco moves. Trump always chickens out or some quick reversals. When he starts seeing things trend downward, he's like, oh, okay, the market doesn't like that. I don't think that Jerome Powell would be that, is that type of person that he would hope.
Starting point is 00:35:00 I'm sure maybe he would, I was going to say, take some kind of pleasure out of knowing that it's actually having an effect, which, by the way, within 30 minutes on Monday, the move was entirely gone. No one gets a shit. The dip got bought, and yeah, nothing matters. I do think...
Starting point is 00:35:22 Which is crazy. Nothing will move the market. Nothing. Venezuela. Nothing. Nothing. The only thing that can bring... No one cares.
Starting point is 00:35:30 And I've been saying it for months, folks. And I've actually been getting so pissed off on Twitter at all these big accounts that are... Market meltdown... They're all tweeting the same fucking charts and they've got tens of thousands, if not hundreds of thousands of followers. And every time I see it, I'm like, you guys, and I know that this is hokey pokey, hmm, hmm. You can't come up with the word today. It's witchy or whatever of me to be like, you're jinxing it.
Starting point is 00:36:00 Because I would love the market to drop. So we can get a nice, it's the volatility is good for trading. Some of the air comes out of the. Yeah, some of the air comes out, and then you get to pump it up again. And every time these big accounts do it, I'm like, you're just ensuring that it's not going to happen. Every time I see these fucking guys tweet this stuff, I'm like, great, all right, cool, more highs. Awesome. More highs.
Starting point is 00:36:24 Nope, not going to happen. I know. The amount of, the amount of take all of your money out of the market now I've seen has gone. It's fucking ridiculous. And now with the silver thing, they're like, this actually is. isn't good. The higher these gold and silver and precious metals go up, the more danger
Starting point is 00:36:43 we are all in. We are in danger. And I'm just like, shut the fuck up. I am the meme of that, that guy with the glasses, nothing ever happens. I'm not sure I know. You never seen the nothing ever happens, can you pull that up? Just Google nothing ever happens. I know that nothing ever happens. There's a specific
Starting point is 00:37:01 guy. There's a specific little face. And I saw the people coming out. Yeah, there he is. Oh, it's like a WoJack thing? It's just like nothing ever happens. Boy, I'm glad I don't wear glasses anymore. That could be totally me. But people were posting nothing ever happens
Starting point is 00:37:17 because they were like, Trump is literally threatening the chair of the Fed right now and the market just simply does not give a fuck. I just think that the market has now learned and realized that we are in a K-shaped economy and you can have, unemployment could go to 10%. in the market wouldn't care. Because those 10% of Americans
Starting point is 00:37:39 who are unemployed, guess what? They're still going on Instagram. They're still doing everything else. They're still buying DoorDash. They're still, the entire economy just runs on ads. Those ads are still going to get shown to those people.
Starting point is 00:37:51 Google's still going to print. Meta's still going to print. Amazon, they're still going to have their Amazon. It just doesn't fucking matter. Also, at the same time, I don't know if it, I don't know if it does even matter
Starting point is 00:38:03 for Wall Street when you think about the fact that it doesn't change anything for them. Jerome Powell is not going to end up ousted before May. They were still going to be dealing with a new Fed chair in May, whoever Trump wants to appoint. So it doesn't make a huge difference for them. It is shocking, like all of this, all of this stuff, the flood the zone thing.
Starting point is 00:38:29 It is obviously shocking, and it took over the airwaves in the front pages for, Monday. But I don't know what the repercussions of it beyond that I think the only thing are going to be.
Starting point is 00:38:43 The only thing at this point that can bring down the market in a significant way, I'm talking five to 10% is a truly
Starting point is 00:38:49 a black swan event. You don't even think China invading Taiwan will bring it down, which I think is crazy. No, because I don't think it'll be as violent
Starting point is 00:38:58 or disruptive as people think. I think it'll I bet it will happen on a Friday after markets have closed. And Saturday and Sunday, the, we will all collectively have had time to digest the information and see, oh, like, it's not even, they're going to keep the Taiwan Semiconductor Manufacturing Company
Starting point is 00:39:23 up and running. And it's not, they've, Xi Jinping is, yeah, everything's going to stay the same. It's just that they're going in and making a move and everything's fine and everything's the same. and I bet futures would gap down maybe 1%, maybe 2%, but then the dip would get bought right back up because everybody will be able to say, the market's priced it in, because everything gets priced in that much quicker.
Starting point is 00:39:49 Whereas in the 90s, Clinton era, it would take weeks. 9-11. 9-11. 9-11. 9-11. I'm just going to say it. Everyone say it. I'm just going to say it. Everyone take a moment to say 9-11.
Starting point is 00:40:01 9-11. But that shit. if that happened today, God forbid. It would be... I mean, they closed markets for days. They had to put the president on TV and tell us to go buy stuff. You got to go buy stocks, right? George Bush.
Starting point is 00:40:16 That, I mean, that dip would get bought so fast because it would be like, cool, now we're going to war, and war is bullish and everything. You really are the Nothing Ever Matters guy. Nothing ever happens. Nothing ever happens. Excuse me. It's just that...
Starting point is 00:40:30 All right, so what is an actual... What is an actual... a black swan event that we could have. COVID would be a black swan. COVID too. COVID being a black swan. Some kind of nuclear thing would be a black swan. President dying getting shot would be a black swan. And also these days, I think that only, I would say it only counts as a black swan if it happens during the week when the market can actually react. So Trump gets shot. And not over the weekend when it doesn't fucking. Trump gets shot on Saturday. No good. It doesn't matter because then it'll be, it'll be bullish because we'll now the wild card is out. I bet markets would go up on him getting shot. But if it happened
Starting point is 00:41:08 during market hours or during the week... We shot, then recovered, though. Now the wild card is back. Markets go up because he's so crazy. It might just work. And the higher... I want to drill this into people's heads. Well, not really. It doesn't matter because hardly any of you are like active traders. But if you find yourself going, why are markets still going up? It's because the higher we go, I know that this is insane. The higher we go, the higher we go. Because the higher we go, the more people feel like it's in a precarious position.
Starting point is 00:41:40 So they buy a bunch of insurance. They buy hedges. They hedge their bets. And the more people do that, the less likely it is to happen because the insurance company, aka the options market makers, the ones writing these options contracts for you. Hey, I'm going to, you know, think of it like this. If everybody's betting on this building to catch on fire, the owner of the building, who's selling the insurance, probably,
Starting point is 00:42:05 is going to do everything in their power to ensure that the building does not catch fire. So that by the time your insurance contract expires, it's worthless because, well, everybody was out there buying insurance. And the higher we go, the more people... It's just the feedback loop. And the only thing they can stop it truly is, like, a Black Swan or a Monday morning sell-off that has no rhyme or reason.
Starting point is 00:42:30 It's just... starts and everybody's trying to figure out what it is. But that can be frustrating too, because people are always looking for a narrative. And all the big bearish accounts on Twitter in the last week, things started to look weak under the hood. And then they're like, oh, yeah, the Supreme Court is going to rule on tariffs. Did you see that? No. Apparently the Supreme Court is imminently going to rule on whether Trump's tariffs are illegal.
Starting point is 00:43:01 constitutional or constitutional something like that polymarket has the odds at like 75% or something that they're going to rule that it's illegal unconstitutional so all the big twitter finance twitter accounts are going see look the market is gearing up for for a collapse because once the Supreme court says that the tariffs are illegal it unwinds everything and it's going to create this mess yes because we're going to have to refurb. fund all of these countries and all of this shit's going to happen. And I see that and I'm like, all you have to do is just think of what would piss that person off. Like, no, it's actually bullish.
Starting point is 00:43:44 It's actually good because it just means that all of that chaos just is... Just means we'll get to renegotiate our trade deals again. Yeah. And Trump will get an even better position. Yeah. Remember when tariffs were supposed to bring the market down? Well, now that there's none, there's nothing holding us back even more. And that's it. So I, and it's very annoying because, yeah, when they, when they grasp onto, when they find a narrative to latch onto, then that becomes a, a single event that everybody can look at with a binary outcome of good or bad.
Starting point is 00:44:21 And 99% of the time when everybody's looking at that one event and waiting for it, it's not a surprise to anybody. We've all had time to think about the consequences of it, and it's not scary if everybody sees it coming. And it's very easy for those people to kind of drum up a bunch of engagement around that when the sentiment in the country feels so bad. When you feed and if you turn on the news, everything you see is truly full of... Things are not great. You know, you're watching...
Starting point is 00:44:54 Americans are seeing things they've maybe never seen, you know, jackboot thugs in the street, harassing people, shooting moms in the face a few times. It's bad vibes. Very horrific. So it's not a stretch. I think most people already feel,
Starting point is 00:45:16 even if they're not super informed on market stuff, they're already like, something bad is coming. Yeah. I could just feel it in my bones. It feels that way. I mean, see it on TV. Yeah.
Starting point is 00:45:28 I don't know, man. I mean, everybody was pointing to January for a big pullback. And now that it hasn't come and isn't coming, everybody's now bumping it back to maybe end of February early March. And when that doesn't happen, which it probably won't, they'll be like, oh, May. Late spring. Late spring. The old adage selling May and go away. It probably won't happen. I think Jim Carson said it best. I think he said that if anything will have like a stair step down, a gradual thing. It's probably most likely because it's the most frustrating fucking outcome. But yeah, Janet Yellen was saying that.
Starting point is 00:46:04 A bunch of other former central bankers put out a joint statement. International bankers put out a statement. They all are predictably condemning this outright. because it's Trump doing what he does. He's, um, look at all these people. Alan Greenspan. This is from the federal, uh, this is from former, uh, former Fed officials. The Fed, they, they said the federal reserves independence and the public's perception
Starting point is 00:46:30 of that independence are critical for economic performance, including achieving the goals Congress has set for the federal reserve of stable prices, maximum employment, and moderate long-term interest rates. The reported criminal inquiry into federal reserve chair, Jay Powell, is a, an unprecedented attempt to use prosecutorial attacks to undermine that independence. This is how monetary policy is made in emerging markets with weak institutions with highly negative consequences for inflation and the functioning of their economies more broadly. It is no place in the United States whose greatest strength is the rule of law, which is at the foundation of our economic success.
Starting point is 00:47:09 Bravo, man. I think it's worth noting or re-emphasizing that, yeah, this is what happens. happens in in highly corrupt countries where, whose subsequent effect is runaway inflation and bad economics. And Trump just seems to think, oh, that's bullshit. But what I fear is that, because a lot of people out there, their fear is that if we drop interest rates to zero again and we just juice everything up and make the stock market go nuts so that Trump can point to it and go, look, number go up.
Starting point is 00:47:43 I made everybody rich. I made everybody happy. I'm the greatest president of the history of America. The fear is that that would bring back inflation with a vengeance. And yeah, one of the tools that the, I mean, my basic understanding of it is they keep interest rates above zero for the most part. And then if the stock market tanks, then they can drop it to zero to get some liquidity going, easy borrowing conditions so that, you know, businesses and, and, and corporations and shit can survive easily. But if you've got it at zero,
Starting point is 00:48:21 if you've got interest rates at zero and then the market drops, what are your tools? What can you do then? I really don't know. So if you're confused, that's okay. Everybody is a little bit. The Fed shit is incredibly dense
Starting point is 00:48:35 and frustratingly confusing. It is funny, I don't know, just watching, seeing all these people who have signed on to these things, it's just like, but to what end? You know, These are all people that
Starting point is 00:48:46 Trump's base would absolutely despise. Oh, yeah. Oh, so you mean the bankers, the cartel? The Fed? We trotted out Christine Lagarde, president of the European Central Bank. Oh, Bernanke. Oh, God.
Starting point is 00:49:00 Andrew Bailey, the governor of the Bank of England. Obviously, so all these international central bankers have also come out to be like we absolutely are in full solidarity with Jerome Powell. I wish that, because I found Powell's not only his speech, but the format in which he did it with just the no-nonsense, the backdrop
Starting point is 00:49:25 and him just talking straight to camera and just saying exactly what it is for what it is, keeping it short and sweet. I found it very, very persuasive and effective. And I... Persuasive in what sense? I mean, even if he released nothing, if I just saw a headline,
Starting point is 00:49:41 Trump investigating Jerome Powell, I'd go, okay, more fucking bullshit from the Trump Justice Department. No, I know. What I'm getting at is I wish that, and I know what you're going to say, but I'm just going to say it anyway,
Starting point is 00:49:57 I wish, in a perfect world, I wish it just feels like something that someone is doing instead of gutless statements on Twitter and like press releases. I mean, I'm with you. To have them come out and say, like, it would be so great
Starting point is 00:50:11 if they just said outright, this is criminal and enough is enough. I am calling on my fellow congressman, my fellow senators, my fellow governors, whatever, to across the aisle, like we are witnessing the country going up and flame. Some senators have come out. It was a Republican senator. I'm blanking on his name. I think he's stepping down anyway and not running for reelection, but he's on the banking committee and basically said, I don't know what the hell this is all about.
Starting point is 00:50:41 won't be, so any of these, any of Trump's future picks are going to have to go through the banking community. Otherwise, it's going to be a whole procedural mess. It's going to be brought to the floor. He basically said, I'm not, I'm not voting any of these through. And so with him, with him not on board, they're looking for Democrats to now step up and be voting on the, on the commission. So that is someone who is actually saying like, hey, I'm not going to, I'm actually not going to go along with this. This is crazy. But yes, I'm totally with you. For the last year, we've just been watching Chuck Schumer come out and be like,
Starting point is 00:51:23 I... You've got to look over the glasses. I'm really not happy with what he did. Mr. President, shame on you, sir. We're just fully say things like, we expect the Republicans to do the right thing. Why? Have you seen that happen? Yeah. And then Trump just takes that, makes an AI video of them like
Starting point is 00:51:44 putting sombreros on them or whatever. Spanking. It's like Chuck Schumer sucking off Martin Luther King or something. There is no Yeah, the Democrats are too busy taking a knee. Sure. Like literally taking a knee.
Starting point is 00:52:00 Which is unfortunate because there is a lot of energy around all of this stuff. Yes. the things that seemed radical less than five, six years ago are now like moderate positions. The new polling on abolish ice is, it's like, they now have a plurality.
Starting point is 00:52:25 There's, we don't have an opposition party that is there. You know, it's very frustrating. I was watching, do you know that guy, Chris Van Hollen, a lot of people have been talking about him and, uh, he's a Maryland. senator. He's basically in the in Trump 2.0 he's been coming out
Starting point is 00:52:41 and doing things that a lot of people like. He's been more outspoken. He's from Pakistan. No, he's not from Pakistan. He's born there. His family was his dad was a work for the State Department or something like that and he was born in Pakistan. And people have been
Starting point is 00:52:58 you know, he's been a bit more forceful. This guy most people didn't really know have been kind of excited about him and talking about, well, maybe Chris Van Hollen has interest in running. And he was on, Breaking Points interviewed him for close to an hour, I think, and I watched
Starting point is 00:53:15 it. And it just, I got so depressed after I watched it because he's a perfectly fine senator, and I think he should stay there, and I think he should continue to vote in a good way. Is he a Republican? No, he's a Democrat. But he just,
Starting point is 00:53:33 they were asking about you know, there's obviously a lot of energy and people talking about how these thugs and people in power who are abusing all this power acting illegally need to be dealt with. And they weren't dealt with during the Biden era and just so soft on everything. And I'm like, the moment really,
Starting point is 00:53:52 we need someone who's like, these motherfuckers are going to jail and they're not getting out. And I just don't know where that energy is going to come from. Yeah. We would have never been in this situation. if Joe Biden and Merrick Arland could have got this done. All in the name of not wanting to be divisive. Yeah.
Starting point is 00:54:11 And people need to be held accountable. It's similar to how all the conditions were ripe for Trump's assent. I mean, while, this guy, Trump's back in power and he's pardoning all those January 6th rioters. Oh, I know. Who were beaten the hell out of law enforcement. And now they're going, if you put, you lay one finger. on law enforcement, we'll fucking, we're gonna kill you.
Starting point is 00:54:36 You're dead. We're gonna kill you so dead. You better not. You better not touch them. Unless you're the craziest maga shaman leading some kind of insurrection, then you get to beat them over the head. And what's frustrating is you can't trust
Starting point is 00:54:53 any of these right wing guys or politicians who go against him because who, who know, like Lindsey Graham and Marco Rubio and you name it. they were all categorically denouncing Trump, especially in the wake of on January 6th and thereafter,
Starting point is 00:55:12 and it felt so good, it was like, okay, cool, it's all crumbling, it's finally over. We can just let it go. And they were all so fucking spineless. And they couldn't, they just couldn't deny the temptation.
Starting point is 00:55:27 That's why I don't have any hope when we're talking about the people who are online going, I'm telling you, I've seen MAGA people who are like, I've had enough. Give it two weeks. I've talked, I remember after January 6th talking to family members I knew who were MAGA. Yeah. And literally them being like, I'm ashamed.
Starting point is 00:55:48 I'm disgusted. I'm done. And then you know who they voted for? They saw jangling keys and we're like, what were we talking about? You know who they voted for in November 2024? Donald. Because they just couldn't, they couldn't stand to see a conval of restaurants. presidency.
Starting point is 00:56:04 She has an annoying laugh, man. These people aren't going. These people are not leaving the... Yeah. Anyway, so that's what's going on with the Fed.
Starting point is 00:56:15 I hope we'll keep you abreast. It is, it's shocking to see this come down, but I do have to... I do have to imagine that this is going to be a big nothing burger. Oh, it's going to be a nothing burger.
Starting point is 00:56:27 More just, more just Trump noise flooding the I mean, speaking of noise, I mean... We're not talking about the Epstein files, aren't we? He's, he was putting out... Oh, the one and a half trillion dollar military budget? Yeah, the, he was tweeting out a flurry of stuff over...
Starting point is 00:56:44 Which these are just tweets. These are not, they don't... Doesn't mean any of it's going to happen, although the way things are going. Maybe he gets his... Yeah. Somehow he gets Democrats to vote for his one and a half trillion dollar... They were saying, or he was... Military budget?
Starting point is 00:56:58 ...saying a, yeah, increase the military budget? What is that, a 50% increase? Yeah, I don't even think we've touched a trillion, so it's probably... And he put out company guidelines for defense companies, and it hit the stocks of some of these pretty hard. He was saying that CEOs shouldn't earn more than $5 million a year. Company stock buybacks are now restricted because he wants them to invest that money in, I don't know, facilities and manufacturing here in the United States. States. Again, not going to happen.
Starting point is 00:57:34 Probably not going to happen. None of these things are... He wants to cap. I mean, someone did make a good point about that being not the worst idea because, like, Apple, for example, has, I think spent like a trillion dollars on stock buybacks in the last decade. Not all these are bad ideas. I'm perfectly happy to say I support him... Capping.
Starting point is 00:57:55 Pushing the cap credit card rates. Yeah. Which was a Bernie Sanders idea. And Bernie said he would... And I think Elizabeth Warren came out. out and said it as well that she's willing to partner with him on this to try to make it happen. And then all these goobers who are...
Starting point is 00:58:08 But none of these are happening. All these fucking dorks are like, that would actually be bad because then banks would be less likely to extend credit because it puts them more risk. Shut the fuck up. He literally said, I like where the president's head is at. He's looking out for ordinary Americans, but unfortunately,
Starting point is 00:58:27 banks just aren't going to want to loan the money. And you're going to get these, you're going to get credit cards with small little caps. They're barely going to lend you any money. My dick. U.S. Bank and all the different banks. He also is wanting to ban institutions and investors from buying single family homes. Never going to happen. Never going to happen. Once to pay 100, offered to pay $100,000 to each Greenlander to buy Greenland. If I were a Greenlander, I'd be like, all right.
Starting point is 00:58:57 Not that crazy when you realize how few Greenlanders are. Yeah, what, 10,000 or something? I think it's like maybe 30,000. I would take that. And yeah. So anyway, the Golden Globes happened and they are, it was just. This, you confirmed. I watched them. I did not watch it.
Starting point is 00:59:16 I literally thought this was a very funny joke on Twitter. Nope. When I, when I opened Twitter on Monday, I was like, oh, that's funny that they're doing, that they're doing it. So they were doing Polly Market is doing the odds for the. awards. But Ben confirmed that they actually had Bollymarket odds on every scroll down. So we have the photo just
Starting point is 00:59:41 up in front and center. Yeah, they so there were the, first of all, there was a new category. Best podcast. And the only true podcast, and I put that in quotes, was
Starting point is 00:59:57 that was nominated was Call Her Daddy. Everybody else is a celebrity who's, I mean, the smart list, good hang with Amy Polar. I actually don't know who Mel Robbins is. I don't either. That might be a real podcast.
Starting point is 01:00:13 She's an author. Mel Robbins. The five second rule. The let them theory. Oh, she's like a big, like. If someone wants to leave you, let them. If someone wants to walk away, let them. How to stop screwing yourself over in five seconds.
Starting point is 01:00:30 What was that book? that everybody read a few years ago? How does the artful skills of not giving a fuck? Yeah, yeah. Those are the biggest red flags going to people's houses and it's like, how to fucking love... Yeah, the subtle art of not giving a fuck. That's what it was.
Starting point is 01:00:48 Yeah, yeah, the subtle fuck of not giving an F, FU, the white people taco night book. It very, it really gives the... Millennial cringe in a book. That, like, was it a poster or something that's, one had where it's like it was white women with the thing of like you better put on some gangster
Starting point is 01:01:07 rap and fucking handle it or whatever. Yeah. Oh, Jesus, dude. So, yeah, the Golden Globes had that category and so throughout presumably there was some fucking producer probably
Starting point is 01:01:23 in their 50s who was like toss your hair in a bun, drink some coffee, put on some gangster rap and handle it. Yeah, it's very, it's girl boss adjacent. You can tell that they just were like, okay, podcasting is a new category this year. What should we do to help, like, promote it? Let's have two guys podcasting the entire time.
Starting point is 01:01:47 So there were these two guys. Oh my God. There were these two guys. See if you can find them. The podcasting, just do podcasting commentary, Golden Globes. There were these two guys in between. events and just go to images or something. There were these two guys in between
Starting point is 01:02:07 fuck, it's too hard to find. Anyway, there were these two assholes who in between all the categories and stuff were just like commenting podcast style. And they had annoying voices and they were like, George Clooney is coming up next. Wow, can we for that?
Starting point is 01:02:27 They also have, there's got to be some kind of... And they were the ones that showing like, oh, next category. Polymark it's got the odds on this song winning for best song and blah blah. Oh, it was Kevin Frazier and Mark Malkin from Variety. And it was sports commenting
Starting point is 01:02:45 commentating style. So it just was dog shit. Is that who they are? Those guys right there? No, it wasn't a black guy. It was two white guys. Of course. It's a podcast. Yeah. They got to put some kind of moratorium on celebrities with podcasts. That's what I'm saying, man. This is not for you.
Starting point is 01:03:03 Yeah. Amy Poehler could go to maybe any network right now and be like, hey, I want to do a talk show. And they'd be like, great, just tell us when. Yeah. And they'll set the whole thing up. Instead, she's just coming into our space. People like us are doing this because there's not a single network that wants to give us a talk show. No.
Starting point is 01:03:26 I hope you understand that. And they also were flubbing stuff. They go, at one point he goes, and coming up next, it's going to be. be best poscast. You called it POSCast. On purpose? I mean, it was accidental, but me and Dylan were cracking up
Starting point is 01:03:40 because it was just so stupid. But it begs the question, what's next for Polly Market as we delve further into this shit? Like, where are we, where are we going with this? Is it going to be, it's obviously going to be on the Emmys
Starting point is 01:03:57 when the Emmys come out. It's obviously going to be on the... Yeah, I would imagine the Golden Globes did not want them there, but the polymarket money is so good that they are just and that's how it works. They have massive backing. You know
Starting point is 01:04:10 Donald Trump Jr. is on the board of Polymarket, right? Oh, sure. I believe, what is this stupid 1789 capital, his stupid venture firm? 1789 capital, I think it is. They're heavily invested in it.
Starting point is 01:04:28 They did, I don't think they announced what they yeah, 1789 capital. I don't think they announced exactly how much they put in, but they're saying it's in the double-digit millions of dollars. Awesome. Well, just get used to it, folks. It's going to be everywhere. It's probably going to be live on screen.
Starting point is 01:04:45 I mean, they've been doing that with sports betting stuff. So the sports betters out there are probably way used to it, where it's like fan dual and stuff, fan dual odds, but it's just going to be so much more like news channels and stuff, you know. Yeah. I mean, it's funny you say News Channel. This was, I think they, I think they aired the Golden Globes on CBS, which is obviously CBS News has been taken over by Barry Weiss and her dipshit free, what is it called?
Starting point is 01:05:15 The free press. The free press. And now you just have, you know, the Donald Trump Jr. backed Polly Market. This thing is a, what are you laughing at the ice cream? I'm laughing. There's folk, we got to, it sounds like there's an ice cream truck right outside the door. You probably can't hear it, but there's a. it is a hot day.
Starting point is 01:05:33 Yeah, it's like 70. I know wherever you are is probably very cold, but it's a hot day in L.A. Well, so that sucks shit that we're just... What are the odds of me and Ben going to get ice cream when we finish this? Polymarket has it at 15% odds because Ben has been eating healthy.
Starting point is 01:05:52 Former mayor, Eric Adams, Oh my God. Wait. Who is no longer the mayor of New York City put out... He called it NYC coin, which was used whose purpose was to battle anti-Semitism. Of all things. And anti-Americanism across this country. Wait, wait, wait.
Starting point is 01:06:11 Why don't you play the video? Wait, proud to launch NYC by NYC token. A new token built to fight the rapid spread of anti-Semitism and anti-Americanism across this country. And now in New York City. Now live. Here we go. This video is insane.
Starting point is 01:06:26 All right. Take care. I can't believe this. Thank you, sir. God bless you, man. Yo, Eric, is that you? Yes, it is, brother. How are you?
Starting point is 01:06:40 New York is why, man. Just got a fucking man out of the bike off my car. That's New York. I always say. There are two types of Americans, those who live in New York and those who wish they could. I love him.
Starting point is 01:06:55 Mayor, big moments? Yep, big moment. We're about to change the game. If you can't make you two New York, we're going to bring New York to you. $32, mayor? Cash or credit card? You got some of the New York City token?
Starting point is 01:07:12 We'll get you some, brother. This thing is about to take off like crazy. Wow. So it's about... I love how he asks him cash or credit card, and it's like, no, no, no, that's usually what... Yeah, that's usually what the guy says to you. The person you're paying asks. Yeah, yeah.
Starting point is 01:07:27 Well, cash or credit card? Got any New York City token? Yeah. And then go back to the... end there? What's the copy at the end there? The digital heartbeat of New York City. Let's go to buy NYC token.com. Shall we? Let's see what we got there. Buy NYC token.com. The community NYC token. The digital heartbeat of New York City. Join the community building the future of decentralized finance in the city that never sleeps. Not affiliated with the city of New York or any government
Starting point is 01:07:58 agency. Wow. I don't even care. I mean, it's, So long story short, he fucking rug pulled it almost immediately. Nobody was buying it. He did it so quickly. So quickly. Even insiders got hosed. There was a guy who lost, I think, a half million dollars because he just did not expect it to happen that quickly. Yeah.
Starting point is 01:08:20 It's unbelievable. On all those posts, there's just a community note going, he withdrew his funds immediately. Former mayor Adams immediately withdrew his liquidity from the coin in what is typically called a rugpole. Two and a half million dollars. Good for you, mayor. Uh...
Starting point is 01:08:40 It peaked at about $580 million before dropping to $130 million. But if you're holding, I say hold, you know, I think it's probably going to go back up. New York City's, it's having a moment right now. You never know. You truly never know. That's a joke. I don't care what you do with your New York City coin. Also, at this point, are we at a point where we have to stop feeling bad for people getting on, getting hosed on?
Starting point is 01:09:06 No, not at all. I think it. I don't think anybody did. I don't think anybody fucking bought this unless there's some dorks out there who have bots that are trawling
Starting point is 01:09:16 But someone must have bought it for the rugpole to even happen, no? I honestly don't know It wouldn't surprise me if nothing, if hardly anybody was doing this because meme coins are so out of vogue right now
Starting point is 01:09:32 and that's not a lot of liquidity. Three and a half million dollars, that's nothing. Right. Like nobody was in this. thing. Hawk coin made way more than that. Hawk toa coin? God man. Remember her? What was her name?
Starting point is 01:09:45 Haley Welch? Heli Walsh. RIP. Oh, yeah, yeah. At this point if you're buying into NYC coin, I don't know, you're on your own. You deserve to die, I think. Unless you're a child. Are you a child? Are you trying to incapacitated in some way
Starting point is 01:10:06 or being taken advantage of? I really it's going to be hard for me to... By the way, someone once said that my impression of him is racist. Why? You sound exactly. It's not racist because that's how he sounds. That's what his voice sounds like. He should pivot to teaching kids how to hide
Starting point is 01:10:23 their drugs. Since that original video is him teaching parents where kids hide their drugs in paraphernalia, you should put out a video. I'm Mayor Eric Adams. Are you a teenager trying to hide your drugs or paraphernalia from your parents? Follow this quick and easy guy.
Starting point is 01:10:38 Well, if you just watch the video... Do you have a backpack? It's already that. You basically just do... Sure. He's got the most insane ideas of... But again, it's got to be geared. Show me, you know...
Starting point is 01:10:48 Bring it into the... Make it new, man. Make a new one. Do you have a can of soda? Did you know that you could cut it open and hide alcohol inside the can and then reattach the can and make it look as though it is a normal can
Starting point is 01:11:03 of seltzer water, but instead of water inside, it is scotch or whatever alcohol you prefer. I don't know, shit like that. That's basically what the video is already. Have you recently come into the possession of funds that were illicitly gained in the form of cash money and you need to hide them from your parents who are nosy?
Starting point is 01:11:24 May I suggest putting the funds in a shoebox and burying them in the yard? If you do not have a yard, may I suggest your underwear drawer or pillowcase. I like him so much. I love him. He should pivot to being some kind of, he should just be like a mascot of New York. Yeah. But take,
Starting point is 01:11:42 like, keep him on payroll somehow because he's a good, I like him. He hips me up. When he's talking about like, I think there's two, two types of people in the world, those who are in New York City and those who want to be in New York City.
Starting point is 01:11:54 I'm like, yes, I'm on board, Eric. But someone's got to guide him away from being such a weird, uh, creep and, um,
Starting point is 01:12:03 and financial snake, you know, he's, He's got his whole mess with turkey. He should be like, what was the guy he's dead now? If you remove the corruption and you just have fun New York City mascot, love the guy. You remember Hewel Houser in his show? All about California and stuff that you can do in California.
Starting point is 01:12:25 He should be that for New York City. Big time. Every time I'm in a cab, I want to see him on the screen. Yeah. Hi, welcome to New York City. My name is former mayor Eric Adams. Did you know that there's good pizza everywhere in New York City? Here are some of my favorite places.
Starting point is 01:12:42 I just would, I would eat that up. But having a show like, you know, hidden gems around New York City. Yeah, and he can be getting the facts wrong and stuff. I don't even, I don't care. New York was incorporated in 1967. Taxi cabs were originally red in color. Did you know that? Do you know why they call it Wall Street?
Starting point is 01:13:03 Nobody knows. Beautiful. That's what I want. Why can't we have it? that. Why can't you guys just keep them on payroll so it doesn't have to do this corruption? Contrary to popular belief, pizza was not invented in Italy. It was invented in the Lower East Side in 1985. We deserve this. We've been good. Marijuana is now legal in New York City, so enjoy yourself. There's not even any misinformation. Yeah, that one's just real. Did you know that cigarettes are
Starting point is 01:13:31 cool again? That's right. And now you can smoke in restaurants too. Only in New York. It's insane that he even became mayor. I don't... Were people ever excited about him? Who was he running against? That's the thing. There was... There was some...
Starting point is 01:13:49 There was energy around left candidates. Dude, he also really squeaked by. If you go to 2021 mayoral election, New York, he really squeaked by on the... Um... Look at how long it took for him to get to... It went eight rounds. He got 30% of the vote.
Starting point is 01:14:09 Jesus Christ. And that's the thing. There was no... Paper boy prints. There was some excitement around Maya Wiley, but there was so many weird things. Scott Stringer and Diane Morales also had some excitement. I think Scott Stringer got, had some credible sexual assault things happening with the...
Starting point is 01:14:29 You mean that guy? Andrew Yang. Wait, go back. Andrew Yang was just like a nothing. and then the whole thing just goes to Eric Adams. Yeah. I was thinking of Jojo Siwa.
Starting point is 01:14:43 I confused Jojo Siwa with Curtis Sliwa. Every time I see Curtis Slewa, I'm like, damn, that young... You're talking about the dancing lady? That young YouTube lesbian is... Well, she's really... She's really making a name for herself. Good for you, girl.
Starting point is 01:14:56 Hey, bonus is coming up. I'm going to tell the story about how I nuked my rice cooker last night. Dude, you... I actually have a really good story for you, too. Okay. Ben and Emielshow.com. You get your first week free. I've been pissed for like three days. Oh, I can't wait to hear this.
Starting point is 01:15:11 I can't stop thinking about this guy. Well, let's wrap up on... I've actually never seen anything. I felt like I was in a Kirby Enthusiasm episode. Anyway, all right, folks. We are going to wrap it up and we will see you in the bonus.
Starting point is 01:15:29 Coming up on this week's episode of Ben and Emile Show.com. Wow, that's tough. Can you do this too? The audio listener is absolutely in shambles right now. Hey, I'm proud of you. Can you do that? Yeah.
Starting point is 01:15:43 Do it. Do it. I've done enough. My hands are tired. Oh, man. All right. Freaking, what were you doing there? This?
Starting point is 01:15:50 You can do it? No, it's hard. Can you do both? No, probably not. I can, but I don't want to. What did you do that made you so pissed? This, I've never seen anything like this. Did he bring the cookies?
Starting point is 01:16:02 No. Did he? What a fucking lunatic? So the woman who has it is. Tells her husband and she's like, you need to go tell Tony, but he'll only to put the cookies back. And he's like, fuck. Oh, yeah, that's nice. So he goes over and he's like, Tony, you got to put the cookies back.
Starting point is 01:16:19 You can't do that. And Tony's like, are you serious? Like he's pissed about me? The inventor of Live Ball? You're going to ask me? We're all just watching. On the anniversary of me inventing Live Ball. Okay.
Starting point is 01:16:35 Great way, I think. If I were, if I were you in that situation, I'm, would have accidentally brought up sharks at some point. So many times. I would have just been like, man, just like a shark teeth. Fuck. Anything. My favorite hockey team, I guess the San Jose.
Starting point is 01:16:51 Sharks. Fuck. You're just Wayne in Wayne's World 2 trying to do the forms. Oh, yeah. Mollie, molly. No, no, the two separate colored eyes. And so I'll just take these forms and cross the T's and dot the lowercase Js. Oh, yeah. I forgot that bit. That's such a good bit.

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