The Glenn Beck Program - Best of the Program | Guests: AG Andrew Bailey & Carol Roth | 8/5/24

Episode Date: August 5, 2024

The Dow has dropped thousands of points, and Warren Buffett is off-loading most of his stocks, including Apple shares. Glenn speaks about the recent disappointing jobs report as economies are crashing... worldwide. Is a civil war about to break out in Great Britain? Former investment banker Carol Roth joins to break down the current economic crashes in America and Japan. Missouri Attorney General Andrew Bailey joins to discuss the absurdity to which the Left has taken gender ideology, as men are now being allowed to enter women’s locker rooms. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript
Discussion (0)
Starting point is 00:00:00 It's Monday. There's a lot going on today. The stock market, also possible war now in engaging Israel. Maybe, maybe Iran with some new kind of attack. What does that mean? What does it mean to you? All of that on today's podcast. Jay's case is our sponsor for the Blaze. Jace is a really good medical company that understands preparedness,
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Starting point is 00:01:46 I'll get into that here in just a few minutes. First, let me tell you about what is happening with the stock market. Friday, we had a bad jobs report. We're still not in a recession. Indicators are showing that we're headed towards one, but, you know, the indicators have been wrong before. we are headed towards one. We're headed for a depression at some point. I just don't know when.
Starting point is 00:02:14 And we're headed for a massive global collapse. Again, I just don't know when. Nobody does. That's why I ask you, please be prepared. And please take my... Look, I'm not an expert in anything. Nothing. I'm a former DJ that is a recovering alcoholic and I'm a self-educated man.
Starting point is 00:02:46 So take everything that I say with a grain of salt. I want you. I need you to do your own homework. I hope, honestly, this haven't happened yet, but I honestly hope that you do your homework and you find out, wait a minute, Glenn, you're missing this. And you show that I'm wrong because I want to be wrong. but it is coming
Starting point is 00:03:08 and we are in the birth pangs of of the future. We are giving birth right now to the future. The baby is coming out and I don't think I don't think we're going to like it.
Starting point is 00:03:22 I think it's one of those babies that comes out and is like, hey, mom and dad, you know, and guarded by Rottweilers. But we're approaching something and our Dow is down almost 1,200 points in futures. The reason why this is so important is because it's not alone.
Starting point is 00:03:49 Friday, bad jobs numbers, we were down 611 points. That's a pretty big fall. This morning, before we even open up, we're down almost 1,200 points. You know, that's almost 2,000 points in two days. in Japan, stocks were wiped out. This happened while you were asleep. The NEEK-2-5 is falling 12.5%. That is the biggest single-day decline since Black Monday's collapse of 1989 or 87, I think it was.
Starting point is 00:04:26 Also, if you read any financial news over the weekend, you saw that Warren Buffett is selling, like, everything. he is having the biggest fire sale he's ever had. He's never sold stocks, dumped stocks like he's dumping them right now. That's what happened to Apple a couple of weeks ago. He said, yeah, I don't really feel comfortable with Apple. I'm going to sell. But what we didn't know until he had to file is he's selling everything. And holding on just to the crem de la creme.
Starting point is 00:05:02 What does Warren Buffett know? that we don't know. Nothing. The difference between Warren Buffett and you and me is he trusts his gut. He trusts what he reads and he doesn't wait for other people to verify. His team verifies and he trusts his team. The words of my grandfather keep ringing in my head. if we only knew what the rich people knew before the Great Depression, we would have been fine.
Starting point is 00:05:43 Well, what are the rich people doing? Also, China found out this weekend. They are buying, I think it was 50 tons of gold more than they said they did. They said they stopped buying gold. But now some sleuths have gone out there and looked because something wasn't right. and all this gold was being shipped over to China, and they realized, my gosh, China is still buying it.
Starting point is 00:06:10 They're telling people they're not to try to keep the price down. So what are the rich people doing? What are the people in the know doing? The VIX, which is the volatility, something that's really important if you watch stocks, but it's just important for you. to know. And this is off the top of my head. In 2008, the VIX, the index of volatility, how volatile are things right now? Was it, I think, 47 in 2008? In COVID, it was like 56? And it's
Starting point is 00:06:56 currently on a scale one to one hundred, 665. So that is an alarm bell that people, watch and say, what kind of, what's the weather forecast? What's the VIX say? Are we headed towards really choppy seas? Yeah, more, according to the VIX, according to them, more than 2008 or COVID. Intel just announced they're cutting 15,000 jobs or 15% of its workforce. Now, let me go, and switch topics to England. What you're seeing in England is a look-see into the things that are to come here in America. What's been happening in England?
Starting point is 00:07:57 Well, for a long time, this is why Brexit happened. And by the way, I don't think you're going to hear this analysis with other people. So take it for what it's worth. But as I read it, Brexit happened in a way we can relate to. Brexit happened because people were tired of being told by bureaucrats that they never elected what they had to do, how they were going to live their life. And those same bureaucrats said, and you know what, I mean, it's not that cool to be British. I mean, you've got a really bad past, Great Britain, and so I wouldn't be so proud.
Starting point is 00:08:41 In fact, don't fly your flag. You should fly the European flag. Okay, people didn't like that. They want to have their own control. Then, on top of that, you had wild, unfettered immigration. Do either of these sound familiar to you? so they had wild unfettered immigration. At the same time, they built on top of a house of cards
Starting point is 00:09:14 where they said they were taking Islamic terrorism seriously, but then they opened the borders, and the police never took them seriously. It was never taken seriously. You could chop a guy's head off in the streets of England, and what would people say? Well, your officials would say, we got it under control. It was just a misunderstanding.
Starting point is 00:09:40 It didn't have anything to do with anything. It is nothing to see here. Go back to your homes. Nothing to worry about. Kids were being kidnapped by Islamic rings. And they were being sexually abused. And the police denied it, denied it, denied it. Then when it couldn't be denied anymore,
Starting point is 00:10:02 they did a little bit, very little bit, but then everybody in the neighborhood that was standing up, they were deemed the bad guy. So this is the Bubba effect. Three girls in a dance class, just cute, cute little girls in a dance class, 17-year-old kid comes in and stabs the three girls. Now, he has a Somalian name,
Starting point is 00:10:35 so everybody just assumed he was an immigrant. He's not an immigrant. Bubba effect. Bubba effect. Remember what that was? I told you that in 2004, I was talking to special forces. And I said, what is the thing that you are most concerned about? And they said the Bubba effect.
Starting point is 00:10:59 What is that? when the government has lost all of its credibility. And for instance, they say we're serious about terror, and they're not. And people keep pointing it out, and the government doesn't response, and then something bad happens, and Bubba, not really knowing anything about world religions or whatever, will walk into a convenience store, and he'll shoot a Sikh because he's got a turdue. and he doesn't know. He'll shoot a Sikh.
Starting point is 00:11:34 And it's you people. And everybody will know that's wrong. But when the federal government comes in, the people will stand up and say, hey, we'll deal with Bubba. We know he was wrong.
Starting point is 00:11:49 But he was acting because you refuse to act. You are the problem. That's what's happened here. They were wrong. And then on top of that, you have inside and outside nefarious forces. You have people who are white skinhead Nazis. You have people who are Islamists.
Starting point is 00:12:20 You have people who are just power hungry. You have people who just want to see the world burn. And they're all on social media. And what is the government doing? The government is blaming everything on the right and social media, which will only make things worse because the forgotten man is not a neo-Nazi. The forgotten man is this the guy who loves his country, has gone to work every day, seems to be forgotten, seems to be left behind.
Starting point is 00:12:57 Nobody ever seems to talk about him unless it's to blame him for, something that he had nothing to do with. And of course, everybody's lining up to quash freedom of speech. They don't have it like we have it here in America. They already
Starting point is 00:13:18 have speech laws. They're now talking about shutting everybody up. That won't make things better. It will make things worse. I don't care if All the bombs have gone off and everything has, you know,
Starting point is 00:13:39 it's gotten a little, a little, well, steamy and radioactive rubble everywhere. My primary question, when we are there at the last days and everything is gone, is, okay, what do we have to eat? I mean, dinner time is going to come on that day, and I'm going to be hungry because you'll burn a lot of calories on that day. The apocalypse is, you're going to, you need the energy. to face that. That's why you need My Patriot Supply. My Patriot Supply is the nation's leader in
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Starting point is 00:14:41 That's MyPatriotsupply.com. Now back to the podcast. You're listening to the best of the Glenn Beck program. All right. Carol Roth, welcome to the program. Glenn, you have to promise me that one day you'll bring me on here to talk about good news. We'll talk about ice cream. We'll talk about puppy dogs.
Starting point is 00:15:05 I feel like your audience every time they see me like, oh no. Carol Roth is back again. I know. I tell you, Carol, I was just thinking the same thing. You know, we never talk when it's good times. The stock market now, I have lots of questions. Can you just give me the update on what's happened around the world and then with the opening bell with the stock market? So last week, obviously, we saw some selling off in the stock market.
Starting point is 00:15:33 It started with a repricing of the quote unquote, magnificent seven tech stocks that had been driving up the market, taking everything else up with them. And I think there was an awakening that, oh, in order for AI to be a thesis, companies are going to actually have to spend a lot of money. And that started kind of things, you know, a few weeks to go moving. Then in the middle of last week, we had the Fed who did not rate, or excuse me, did not lower rates, but did signal that that could be on the table for September. And, you know, normally you would say, okay, the market wants the Fed to cut rates. But what happened is then we got a weak job report on Friday.
Starting point is 00:16:19 And while sometimes, you know, the bad news can be good news for the market. In this case, they took it as bad news that the potentially the Fed was behind the curve in terms of lowering rate. and that they felt like maybe this whole idea of a quote unquote soft landing, the idea that you can get the economy and inflation down without wrecking the economy is off the table. Then while all of this is going on, you have the Bank of Japan last week that decided to do the opposite of the Fed. They have been in 17 years of basically negative or zero interest rates. So their normalization is going in the other direction.
Starting point is 00:17:05 They've been trying to raise rates. They did so for the first time in 17 years, about four months ago. And then they decided because the yen, you know, the yen against the dollar they needed to fix that, that they were going to go ahead and raise their rates. And unfortunately, they did not thread the needle perfectly on that. And that created implications for their markets. So when Japan opened, you know, last night our time, yet their time in the morning, they saw this massive, massive sell-off. And what happens sometimes when you get these massive sell-offs are these unwinding of trades.
Starting point is 00:17:45 Because they have had zero to negative interest rates, you get a lot of people borrowing, those people who borrow make bets on the yen and on stocks, both in Japan and in the U.S. and then they get the margin calls, and then they end up having to sell, and that begins, begets more margin calls. So you saw the Japanese Nake go down 12.5% in one day. It was their single worst day since 1987, that Black Monday day. So now as, you know, the market has opened here in the United States, you know, there's anticipation of, you know, do we get, you know, how much blowback do we get, especially since we had seen some weakness last week. And, you know, obviously things are going to shift during
Starting point is 00:18:32 the trading day as we talk about here. So this is kind of real time. But the market opened up down pretty significantly, depending on the index, somewhere between three and almost five percent. And we have seen that come off a little bit as we're talking real time. I think that is, if there's any silver lining here, it's not that it opened and then it continued to fall and continue to fall. There was a little bit of. support there. But still, you know, as we're talking, we're still seeing the Dow down almost 3%. The NASDAQ down almost 4%. So it is definitely an ugly day across the market. So how much of this has to do with technology? I mean, Navidia, which was the darling, just, I don't know, a month ago,
Starting point is 00:19:20 every's like, you've got to get Navarra. And maybe that's, you know, that's greed talking and that's why you shouldn't buy in a video and everyone is saying that. But they, uh, they're down almost 10% today. That's down 23% from their high. I think like a month ago. Um, artificial intelligence stocks are down. Tesla is down. Um, super micro computer down, uh, 9%. Um, there is this just, um, everybody down and why are the tech? stocks down? Were they just too high? Do you know? Yeah, so this is a bit of a repricing in tech. And let's put this in perspective. So the NASDAQ, which is very tech heavy, is sort of a good proxy for what's going on in the tech market. The 52 week range, the low point of within
Starting point is 00:20:14 the last year of where the NASDAQ has been was 12,544. We're still today at over 16,000. So over the last 52 weeks, we still have these massive gains. It got as high as 18,671. And I think that's part of the catalyst here. I mean, these prices, this quote unquote bubble was not sustainable. A lot of people were talking about that and the fact that, you know, we see this over-exuberance in tech all the time. You know, first it was, you know, Web 3 and Internet of Things. the metaverse and now it's AI and all of those theses have eventually come back down to reality.
Starting point is 00:21:02 I'm not sure we're in reality yet. But as you have companies talking about their earnings and talking about the spend, I think there was just this insanity amongst investors that they felt like AI was just going to take off without looking at the cost side. And as companies are coming out and talking about, oh, here's how much capital we're going to have to deploy. in order for this AI thesis to really work out the way that it has, I think the market went, okay, maybe we're not pricing this correctly. So I think that's part of it. Another catalyst that we've seen is Warren Buffett noted that he had lessened his position
Starting point is 00:21:44 in Apple by about 49%. And obviously that is- That's not lessening. That's not lessening. That's cutting it in half. That's significant. And he's doing this with a lot of his holdings, if I understand right. He's making some of the biggest sales he's ever made.
Starting point is 00:22:07 It's almost as if he's becoming bullish on America. What does he know that we don't know again? This is a good question, and it's funny that we're having this discussion today, because if you go through his shareholder letter, you know, his other, one of his other really big bets that he talks about in the shareholder letter is starting in 2019, he doubled down on Japan. So he has five really big companies and really big positions in Japan. So the day that we're talking about Japan going down and at the same time the U.S. is going down. Obviously, Warren Buffett was not a catalyst for both of those things because he's still, still as far as we know, still bullish on the Japanese trade. But it is interesting. I mean, he has this massive cash pile. I mean, $276 billion, I think it is, which is just almost impossible to deploy. I mean, to think about how, you know, as an investor, do you even think about putting that to work and getting the appropriate returns? So I don't know there could be several catalysts. This is all very much speculation because we have not heard from Warren.
Starting point is 00:23:20 at this point. I don't know if this is a signal where he felt like, hey, tech is just getting you know, so frothy. This is a really good time for me to take profits. Maybe a little bit of taking profits ahead of the election. Worry about an increase in capital gains, perhaps, under a potential new administration, although I don't think that he would have sold, you know, half of the position because of that. But what never knows. And yeah, just repositioning his portfolio, but certainly, you know, given the fact that he is lauded as the best investor of all time, when he does things people have concern and the fact that, you know, whether it's Bank of America or it's Apple or some of his other positions, you know, as the fact that he is going
Starting point is 00:24:06 to cash, certainly I would imagine on the retail side and probably on the institutional side to some extent has an impact in terms of people's behavior. All right. So two things that are protection against these have gone down. And you would think that they should have gone up. But my guess is gold and Bitcoin have both gone down. Gold just a little bit and Bitcoin, about $10,000. dollars. And I'm guessing that's because when the market crashes, people with portfolios that have taken out money and borrowed money to buy it, they get a margin call, and they got to sell something. So it's a good time to buy Bitcoin and gold, I would imagine. Yeah, so that's my thesis as well as that you would think particularly as the yields of, on the tenure coming down, that you would see gold going up.
Starting point is 00:25:16 And certainly gold has also been on quite a run for some times. But I have that same feeling that, you know, in this insanity, when you're getting these margin calls because everything else is kind of falling apart, you're looking at what it is in your portfolio that you can sell. And a likely scenario is something that has done well for you that maybe you feel okay, taking some profits on. So that could be gold, that could be Bitcoin and the like. Something else that may weigh in just a tiny bit is that we've seen China also pause its gold purchases.
Starting point is 00:25:53 China, biggest buyer of gold for 2023, you know, they took a pause in May and June, although, you know, they have signaled that they are going to continue to buy. But just based on pricing, they wanted to see, you know, where the price was going to settle out. that's at least the buzz around, you know, their thinking. And so perhaps with them out. I understood that they did not stop, that they said they were stopping, but they actually were still buying it. That's what I read this weekend. Did you read that?
Starting point is 00:26:27 So, you know, I'm going off of the World Gold Council. So, you know, it is certainly possible that we, that they could still be purchasing it, But that was sort of there. And again, you have to remember the timing difference is that the reports are for May and June. We also had July. So it could be the July that they picked back up again. So all these things could be weighing in a little bit. But again, I'm going to look at my screen right now because I'm trying to get all this real time.
Starting point is 00:26:56 You know, you still have gold up well over the 2400 level. I remember, you know, last year, Glenn, when we were like, oh, is gold going to break 2000? We think that it is. And, you know, now here we are talking about it. the levels of 2,400 or 2,500. But I think if we take a step back and think about the implications of, you know, what this could mean, if we're talking about, you know, whether it's, you know, with the indications coming from the jobs report and the Fed, that there might be some cracks in the economy, if there is continued
Starting point is 00:27:30 weakness in the market, there ends up being a bit of a self-fulfilling prophecy. there's something called the wealth effect. And when people's portfolios are doing really well, they feel confident to make more purchases and to go out and spend. And when they come back down, even though we're still, you know, they've still done quite well and they're still ahead, they start feeling, wow, maybe I don't have this bandwidth. The people who've had assets are the ones who've been keeping the consumer spending afloat. So if those people all of a sudden feel like, I don't know if I should be, you know, spending the same way that I have, that could impact the economy.
Starting point is 00:28:16 Then what does that mean? Well, then you have, if the economy's down and stock markets down, you have fewer receipts for the federal government who is still planning to run this year a $2 trillion deficit, which means that deficit could increase both from a nominal value standpoint as well as a percentage of GDP. And that in and of itself could lead to more debt monetization and to more inflation. So, you know, you have to kind of play this out. Yeah, I know we're getting a little wonky here. So we have war on the horizon in the Middle East, and oil has gone down. That means that most people who are betting on oil think that there's going to be less need for it because the economy is going to be going down. And then we have a possible Harris administration, the most liberal woman to ever be close to the Oval Office.
Starting point is 00:29:12 She was the most liberal senator in the history of the United States. And she could be our next president. What would that mean to our economy? So I think that whoever the president may be, they're going to have an awfully challenging time. And the signal was floated. I think we talked about this, Glenn, a few weeks ago, by these quote-unquote, you know,
Starting point is 00:29:37 very famous economists who said that a Trump administration would cause an inflation bomb. And I think the reason they said that is because they know that one is likely coming either way, again, based on the debt deficits and to the extent that we see a decrease in the market and the economy that could end up making that worse. So they're setting the table that things aren't going to go well. And to the extent that Donald Trump wins, they want to be able to say, I told you so. So that is a signal to me that there is concern.
Starting point is 00:30:11 either way. I think that when you're in a time where things are, you know, kind of kind of chugging along, you know, the market's going to do what the market's going to do. It's sort of disconnected from the economy. But given the fact that we are now late in the game that we've kind of, you know, had several years of these rate hikes and the like and things that are trying to get back to normal have very different benchmarks after 15 years of zero interest rate policy. after the COVID mandate, after all of the insane Biden administration mandates and decisions that they've made, the fact that you have a new puppet in there, you still have the same puppet masters. You still have the same people behind Kamala that you do behind Joe.
Starting point is 00:31:02 And now they feel like, okay, we have more time to be able to, you know, affect these insane policies. and whether it's, you know, desperation because they potentially are taking in less revenue, getting, you know, less from the stock market, trying to do more capital gains, there's nothing that they're going to do that is going to end up benefiting the economy or Main Street Americans. Carol Roth, as always, thank you so much. Appreciate it. Carol Roth, the author of You Will Own Nothing. She's a former investment banker, and you can follow her. at Carol Roth.com slash news.
Starting point is 00:31:42 Carol Roth. Dot com slash news. The best of the Glenn Beck program. So I want to read this. This is from a man, a biological man, who claims to be a woman. He says, sounds like I caused quite a commotion at the gym
Starting point is 00:31:59 by being trans in the ladies' locker room yesterday. A woman, very Karen, confronted me in the locker room this morning, say it was inappropriate for me to be in there. I answered every challenge when she eventually accused me of having parts with little girls being around, when reality is that nobody is ever naked in there and neither am I. So I immediately went to the GM and I had a conversation about the club's policies to make sure I was supported. That's when I learned they fielded a bunch of calls from the previous day,
Starting point is 00:32:32 which was leading to a multi-club meeting to figure out what to do. Net net, the club is now on my side and will attempt, to educate their membership. I am so sick and tired of being educated. I may be a self-educated man, but I believe I am now officially smarter than you, with a better education than you, because you cannot understand science. No matter what you say, it doesn't make you a woman. So you and your minions and all of the people who are so woke, you can go ahead and try to educate me all you want.
Starting point is 00:33:18 You're a dude. And dudes shouldn't be in the female locker. You know why? Because it has the word female on that door, mail on the other door, and you only belong in the mail locker room. Now, this is really a problem because lifetime fitness is, you know, a lot of moms go to lifetime fitness because they have, you know,
Starting point is 00:33:51 people there that can watch your kids. Well, I don't trust my kid. My wife wouldn't trust our little kids in a place where they can't tell the difference between a man and a woman? No, and I don't trust that you can find the difference between a problem and a non-problem. Now, the great state of Missouri is doing something about it. Andrew Bailey is with us. He's a Missouri Attorney General. So what's the story? This is what happened in Missouri. Andrew. Yeah, absolutely. Thanks for having me on. This is a public safety issue. It's not some academic exercise and diversity. There are real lives at stake here. And there are women who are
Starting point is 00:34:37 concerned about their safety and well-being and their privacy in this female locker room when there's a male present. And at the end of the day, in the state of Missouri, if that male did not have permission to be in that female space, that's a criminal trespass. Secondly, if the gym gave the male permission to be in the female space, then that gym is liable to the customers that it didn't warn that they weren't going to have gender-excluded restrooms and locker rooms. In other words, the gym has a duty to inform its customers and prospective customers that they're going to allow men into women's restrooms. And if they didn't do that, that's a consumer protection issue. So the state is absolutely taking action. And I agree with you. This is the nadir of depravity.
Starting point is 00:35:23 This is as low as our culture could possibly go. And I'm sick of being lectured to by the left when I am smart enough to understand objective reality, gender is an objective reality, and it is unhealthy to deny objective reality, even if you disagree with it, in the same way that it would be unhealthy for me to deny the law of gravity and then try to jump across the Grand Canyon. Objective reality exists independently of our minds, and it's not beholden to the capricious whims and fashion statements of the left. You know, however, I'm wondering if we can get some of these college professors and geeks that are telling us that up is down and down is up.
Starting point is 00:36:02 I'm wondering if we could get them to believe that gravity is subjective and you could just jump off the cliff. I mean, I'm just saying it might be, it might teach the first couple of people, a permanent lesson, but maybe the rest of them in line would go, you know what? I think there is something as objective reality. You're right. You're right. We should stop messing with this.
Starting point is 00:36:26 It's insanity. And I think everybody started doing it. because they were just, you know, okay, I just want to get along. I don't want to hurt anybody's feeling. But this, where is anyone standing up for women and children? All of a sudden, we've just lost, we have women being beaten, you know, in the boxing ring by men. That's crazy. Here's a very safe lifetime fitness facility that, you know, where women,
Starting point is 00:37:00 trust to go in. They can bring their children. They can be safe. And they don't really care. They're not protecting. They're just being politically correct. So what are you, how are you suing them? Suing them. Yeah. We are conducting an investigation from a consumer protection action. And it filed subpoenas demanding to know which customers they have or have not informed about these terrible and, you know, misguided policies. But I'll tell you, I've been on this issue from day one. Back in shortly after I became an attorney in 2015, 2016, I prosecuted the leading case in Missouri where a convicted sex offender was in a women's restroom disguising his voice as a female. And he wasn't there, you know, to express some diversity viewpoint. He was there
Starting point is 00:37:49 to perp on victims and create new victims. And there were women who had done into that restroom and were concerned and were victimized by his very presence. And so I prosecuted him. And that's now the leading case. And again, informing our local law enforcement and prosecutors that that is the law of the land and that we can use that law to protect women and girls. I think it's really important work that we're doing right now at the Attorney General's office to fight back against this kind of nonsense. You know, I'm reading a letter to the CEO of Lifetime Fitness, Baram Accredi, and he wrote, Dear Mr. Crady, it's come to my attention that Lifetime Fitness has proudly adopted, a policy that permits biological men to use locker rooms designated specifically for women and young girls.
Starting point is 00:38:32 Even more concerning is the fact that instead of taking the safety concerns of your gym members seriously, you rudely corrected them and insist they call this biological male by the correct pronouns. While it might be considered fashionable in certain corporate boardrooms to pretend that biology is irrelevant, the American heartland still believes in reality. Amen, brother. Missourians recognize that allowing adult men to openly invade and disrovales, in spaces set aside for women and young girls as indefensible and places political correctness above public safety. That is why, underline, I am putting you on notice that you are under investigation. In Missouri's leading case in this issue, which I personally prosecuted, the court
Starting point is 00:39:14 confirmed that a male's presence in females' public restrooms constitutes criminal trespass. When restrooms are separately designated for males and females, only one is permitted. to use the restroom designated for his or her gender. So that is just saying that they have to announce that they're unisex, right? Yeah, that's right. If they want to allow men into women's locker rooms, they have to tell their customers that. And then their customers can decide to take their business elsewhere.
Starting point is 00:39:47 And I think we've seen over the past couple of years how that has impacted the marketplace. Look at the blood light. Look at Target. when they started pushing this radical woke agenda that, again, puts women and children at risk, women and young girls at risk, the market retaliated. And consumers said enough, we're not going to put up with it. I think the same thing would happen here. Well, I can't thank you enough.
Starting point is 00:40:09 I think this is very good news. My wife and I were talking about it, and she's like, I just signed up for Lifetime Fitness. And she's like, I'm just about now I'm going to unsign up for Lifetime Fitness. This is these Minnesota boardrooms bringing this crap. down into the rest. I mean, if that's what you want, you know, go ahead. Fine. But all Americans, all women,
Starting point is 00:40:33 all families should know that lifetime fitness will put woke policies over the safety. And quite honestly, you're just feelings and sensibilities. Everybody's worried about everybody's feelings and sensibilities. Well, what about those of us who still believe in actual science?
Starting point is 00:40:54 What about us? What about us? Thank you so much, Andrew. I appreciate it. This is the Attorney General of Missouri, Andrew Bailey. God bless you, sir. Thank you, sir. God bless you and your listeners. Talk soon. Yeah. I got to tell you, Pat, I mean, why is it that they're so open to everybody? Unless, it's like Nancy Pelosi.
Starting point is 00:41:17 Nancy Pelosi, you know, whatever Joe wanted to do, but we couldn't have him be the candidate. But whatever he chose, you know, to do, I would support unless he wanted to stay in the race. I mean, then there's no real choice there. There's no real choice. And these supposed champions of women and women's rights don't care at all about how women feel about an actual man in their locker room. I never understand that. And it happens almost every day. You can have a transnational.
Starting point is 00:41:54 transgender bathroom. You could have a, you could have a, yeah, you could have a transgender boxing Olympian. Right. That is in the transgender Olympics. That's fine. But think of, you know, when that second boxer lost this weekend, I thought, think of their dreams as a kid. They thought they could win a gold medal. They were in it.
Starting point is 00:42:21 They worked hard their whole life. and at the last minute, a guy who has the biological advantage on them completely changes the rules and punches them in the face. And their dream is dead. How many little girls are watching that going, I can't compete?
Starting point is 00:42:41 Yeah. That's why we have the girls league at the first place because little girls were told you can't compete so you can't play the sport. That's why we develop. up the Girls League so everybody could have a shot. And now it's just men. It'll just be dominated by men again. Yeah. And the rule that was set up in 1972 for women in this country for collegiate sports, Title IX, even that has really been tossed out the window for transgender with the Biden administration
Starting point is 00:43:19 insisting that trans women be allowed into women's sports. How can you uphold Title IX, which is all about women's sports, and then allow men in the women's sport? Because they say that they are now officially women. You choose to be a woman. That is so insulting. It is. It is. If you've got a noodle, for my money, you're not a woman.
Starting point is 00:43:49 Any noodle is disqualification for women's sports. Really? I'm a little picky about that? Wait, wait, wait, wait. If you're noodle-less. So in other words, you had a noodle, but you removed the noodle? No, because there's also something inside of you called chromosomes. And if you still have, you know, the X, Y chromosome, it's still a stick.
Starting point is 00:44:13 I'm a stickler on that one, too. It's still a sticker, really, really. Yep. Why? He doesn't have a noodle. I thought it was a noodle problem. Lots of noodle and a chromosome problem. Okay. Because you might have, what you're saying is you might have testosterone.
Starting point is 00:44:26 You might have bigger muscle mass, et cetera, et cetera. Bone structure. All of the hand-eye coordination, weight to height ratio, a lot of differences there. I got your bigot. Yeah. No, I have you bigot. Thank you very much. You know what?
Starting point is 00:44:40 That's how you have to handle it too. Just blow it off. Just whatever. Because you're right. You're right. Science. has proved you right. This isn't a religious thing.
Starting point is 00:44:53 This is his science. And when you're taking a shot against me, you're taking a shot against science. I just want to say that.

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