[00:00:06] [SPEAKER_05]: Show, because all opinions matter, and George Soros will pay good money for them. The show starts now.
[00:00:14] [SPEAKER_06]: A government can't control the economy without controlling people. And they know when a government
[00:00:19] [SPEAKER_06]: sets out to do that, it must use force and coercion to achieve its purpose. Somewhere a perversion has
[00:00:25] [SPEAKER_06]: taken place. Our natural unalienable rights are now considered to be a dispensation of government.
[00:00:31] [SPEAKER_06]: And freedom has never been so fragile, so close to slipping from our grasp as it is at this moment.
[00:00:37] [SPEAKER_00]: You demonize and then you, we call it the wrap-up smear. If you want to talk politics,
[00:00:42] [SPEAKER_00]: you call it the wrap-up smear. You smear somebody with falsehoods and all the rest,
[00:00:48] [SPEAKER_00]: and then you merchandise it. And then you write it, and they'll say, see it's reported in the press,
[00:00:54] [SPEAKER_00]: that this, this, this, and this. So they have that validation that the press reported the smear.
[00:01:01] [SPEAKER_00]: And then it's called the wrap-up smear. Now I'm going to merchandise the press's report on the smear
[00:01:06] [SPEAKER_00]: that we made. And it's, it's a tactic. And it's, it's, it's self-evident.
[00:01:11] [SPEAKER_01]: This is Pelosi talking about how to smear somebody while weaponizing the press against them. And,
[00:01:20] [SPEAKER_01]: and you can just say what you want. I mean, wouldn't you be proud, proud to be that party right now?
[00:01:28] [SPEAKER_01]: Oh, yucky. Ew. Uh, anyway, welcome back last hour. And of course, uh, on a Tuesday and Miltie's out.
[00:01:35] [SPEAKER_01]: Uh, and of course I've got Mel Madison joining me and I'm so happy to have Mel. We have so much to
[00:01:40] [SPEAKER_01]: talk about it. He's bringing a lot to the table today, uh, followed by Patrick Burns. So how are,
[00:01:45] [SPEAKER_01]: Philip Patrick, I'm sorry. How are you?
[00:01:48] [SPEAKER_03]: I'm doing well. And thanks for having me as usual. I appreciate it.
[00:01:52] [SPEAKER_01]: You betcha. And of course, uh, melmadison.com, get the book. It's quads. You'll love it. Um,
[00:01:58] [SPEAKER_01]: it's a, it's a fantastic read and I'll tell you what, let's start with, because we're having to
[00:02:05] [SPEAKER_01]: witness this showcase of weirdos. Tell me just baffling that they are American. I don't know.
[00:02:11] [SPEAKER_01]: Where's the American in there somewhere in there? I don't know. I don't think it's there. Um, let's
[00:02:16] [SPEAKER_01]: talk about, uh, uh, uh, uh, communism, communism. Let's talk about what her, uh, actual policies are,
[00:02:23] [SPEAKER_03]: her, what she has in mind. Yeah, definitely. And you know, we could maybe start with some
[00:02:29] [SPEAKER_03]: specifics and then go a little bigger picture, but everybody's probably heard a little bit about
[00:02:35] [SPEAKER_03]: her discussion of price gauging, which she, she couldn't even pronounce the word price gouging
[00:02:40] [SPEAKER_03]: correctly when she announced this in Raleigh, by the way, which is down the road from me, North Carolina.
[00:02:45] [SPEAKER_03]: Um, sorry, I missed that event, unfortunately, but, um, you know, she, she's saying that grocery
[00:02:50] [SPEAKER_03]: stores, grocery chains are, I've been involved in this price gouging and massive marking up of food
[00:02:56] [SPEAKER_03]: prices. And she's going to come in and stop these, uh, greed flation of the corporations. And I thought,
[00:03:01] [SPEAKER_03]: I'm going to go back and I'm going to actually look at the profit margins of the country's largest
[00:03:05] [SPEAKER_03]: grocers over time. And it was very interesting. So the two biggest grocery sellers in the United
[00:03:11] [SPEAKER_03]: States are Walmart and Kroger and Kroger is a grocery chain. If it's not in your area,
[00:03:17] [SPEAKER_03]: it might operate under another name like Harris Teeter. Um, you know, there's a lot of, of Kroger's
[00:03:22] [SPEAKER_03]: and Kroger affiliates. And then of course, Walmart. So Walmart, um, their profit margin in
[00:03:28] [SPEAKER_03]: July of 2020. So near the end of the Trump presidency was 4.7%. And just last quarter,
[00:03:36] [SPEAKER_03]: it was 2.66%. So essentially Walmart's profit margins have been cut in half since the Biden's and
[00:03:43] [SPEAKER_03]: Harris, uh, ticket came into power. Uh, you look at Kroger, it's a similar situation.
[00:03:49] [SPEAKER_03]: They've averaged around two, uh, 2% the last five years, and they're running right around 2% right now.
[00:03:56] [SPEAKER_03]: And I think what's important is to put these profit margins into perspective because
[00:04:01] [SPEAKER_03]: they are so low relative to pretty much every other business in the United States. Um,
[00:04:08] [SPEAKER_03]: Nvidia, which makes computer chips for AI, their profit margin last quarter was 78.35%.
[00:04:16] [SPEAKER_03]: So when you're comparing 78% verse 2% for Kroger, and they're saying that's what's causing the
[00:04:23] [SPEAKER_03]: inflation. It's such a lie to the American people. And it's an insult to our intelligence
[00:04:28] [SPEAKER_03]: for them to try to convince us that the reason we're paying so much for groceries is because
[00:04:34] [SPEAKER_01]: Kroger is gouging us on their profit margins. I am so glad you brought this to people's attention.
[00:04:40] [SPEAKER_01]: Uh, so a two per just over a 2% profit with one profit margin with Walmart.
[00:04:46] [SPEAKER_03]: Yeah. Walmart and Kroger Walmart has averaged around 2%. Um, they went from 4.7% in July of 2020.
[00:04:55] [SPEAKER_03]: They were, uh, actually in the first quarter of 2021, when Joe Biden took office,
[00:05:00] [SPEAKER_03]: it dropped from 4.7% to negative 1.4% profit margin Kroger had, uh, in the first quarter of
[00:05:06] [SPEAKER_03]: the Biden administration. So you could see that there's no profit or price gouging going on here.
[00:05:13] [SPEAKER_03]: Um, and the other thing with, go ahead, sorry.
[00:05:16] [SPEAKER_01]: Just a whole lot of targeted lies because they always, it's oppositeville. It's always oppositeville.
[00:05:21] [SPEAKER_01]: So if they're saying that we're being gouged in our grocery prices, that means we're not
[00:05:26] [SPEAKER_03]: just exactly. And that, yeah. Well, I was gonna say, and that actually goes completely away from,
[00:05:32] [SPEAKER_03]: you know, the whole point of why prices need to float and fluctuate. So we did have a big spike in
[00:05:39] [SPEAKER_03]: egg prices a few years ago. And I remember seeing news stories about people putting chickens in their
[00:05:44] [SPEAKER_03]: backyard about, um, you know, people deciding that they were going to go with maybe substitute type
[00:05:50] [SPEAKER_03]: products. And then what else happened was that egg producers started to realize we can produce more
[00:05:56] [SPEAKER_03]: eggs because the prices are higher and it started coming back onto the shelves and maybe egg prices
[00:06:02] [SPEAKER_03]: are not where they were four years ago. They certainly aren't, but eventually any egg shortages
[00:06:06] [SPEAKER_03]: or that whole issue get, gets solved because people are motivated by the price to adjust it in a free
[00:06:12] [SPEAKER_03]: market economy. Once you start saying, okay, egg prices are going to be stuck at X, Y, or Z.
[00:06:18] [SPEAKER_03]: It's inevitable. It's going to be like the Soviet union. People are going to start hoarding eggs.
[00:06:23] [SPEAKER_03]: Uh, the people who produce eggs are not going to be incentivized to produce more because they're
[00:06:27] [SPEAKER_03]: not making any money on it. They're losing money on eggs. So they start producing less eggs. It,
[00:06:33] [SPEAKER_03]: it, it just starts a spiral that goes out and out of control in every single one of her policies,
[00:06:38] [SPEAKER_03]: whether it's 25,000 for a down payment on a home, whether it's more, um, you know,
[00:06:44] [SPEAKER_03]: expand the earned income tax credits, expand the child tax. All of these policies are just
[00:06:49] [SPEAKER_03]: at the same time, both incredibly inflationary and they have the opposite effects of what they're
[00:06:54] [SPEAKER_03]: intended to do. They don't reduce home prices by giving people $25,000 to spend on a home.
[00:07:00] [SPEAKER_03]: They increase home prices. That's economics 101.
[00:07:03] [SPEAKER_01]: So true. I'm so glad you brought this up. All right. Keep going because it's so informative.
[00:07:07] [SPEAKER_03]: I'm loving it. I'm loving it. Well, well, what I do is I started looking at all this and I started
[00:07:13] [SPEAKER_03]: taking a step back at just all of the policies in their totality. The, the, these Harris Biden
[00:07:20] [SPEAKER_03]: policies, whether it's an open border, whether it's stopping us from producing energy, whether
[00:07:26] [SPEAKER_03]: it's cutting down on fracking, it's all of these economic policies. And it's just, I can't help but be
[00:07:32] [SPEAKER_03]: reminded that our adversaries in the past have inserted agents at the highest level of various
[00:07:40] [SPEAKER_03]: government departments. People that are serving in roles like undersecretary of the department of
[00:07:46] [SPEAKER_03]: treasury have been Soviet agents in the past that have influenced major American policies. The best
[00:07:53] [SPEAKER_03]: example of this is a guy named Harry Dexter white, who was the undersecretary of the treasury for
[00:07:59] [SPEAKER_03]: Franklin Roosevelt, who was his, his administration was notorious notoriously filled with communist and
[00:08:05] [SPEAKER_03]: socialist agents. Um, you know, this was a guy who got payoffs. He didn't want money from the Soviet
[00:08:11] [SPEAKER_03]: union. So they gave him things like, um, finally woven Oriental rugs. I mean, it just all kinds of,
[00:08:17] [SPEAKER_03]: of craziness involved. And this is all very well documented. And he essentially influenced United
[00:08:22] [SPEAKER_03]: States policy in the 19 late 1930s, early forties to be very aggressive towards Japan because the Soviet
[00:08:30] [SPEAKER_03]: unions wanted to lure Japan to fight the United States instead of turning their armies towards
[00:08:36] [SPEAKER_03]: the Soviet union, which was their initial, um, thought pre, uh, Pearl Harbor. And so what I'm,
[00:08:43] [SPEAKER_03]: I'm starting to believe is that we might have a government that is completely infiltrated
[00:08:49] [SPEAKER_03]: by foreign actors at very high levels, whether it's the communist party of China, uh, the, so the
[00:08:55] [SPEAKER_03]: former Soviet union, now Russia, um, Iran, any of these adversaries, when you look at their policies
[00:09:01] [SPEAKER_03]: towards, you know, the, the Palestinians, you know, Israel, uh, the Ukraine, like you start to wonder,
[00:09:08] [SPEAKER_03]: these policies are so bad for the American people. Is it not that they're stupid, which obviously some of
[00:09:14] [SPEAKER_03]: these people are, but it is it that people in charge of American policy are actually foreign agents?
[00:09:20] [SPEAKER_01]: Hmm. That's interesting. I know Miltie would agree, uh, if he were here, I think that he
[00:09:24] [SPEAKER_01]: felt like China kind of took, took us over a long time ago, uh, without us really realizing it.
[00:09:29] [SPEAKER_01]: I think they can be homegrown here. I think that we have enough brainwashing now, um, and people
[00:09:35] [SPEAKER_01]: gravitate toward the victimhood. So they really love the victimhood status. And when they, when they
[00:09:40] [SPEAKER_01]: adhere themselves to victimhood, it's, I think it's super easy to get even more brainwashed
[00:09:45] [SPEAKER_01]: to become what you're talking about. But I also think, yes, you could have people, uh, outside
[00:09:51] [SPEAKER_01]: interests as well, um, coming in. Sure. I think that's been going on a long time in our nation,
[00:09:57] [SPEAKER_01]: a long, long time. It's just kind of like the, um, the communist crusade they, they put on Hollywood.
[00:10:03] [SPEAKER_01]: Remember all the attention was mostly on Hollywood, a little bit on politics, but mostly on Hollywood
[00:10:07] [SPEAKER_01]: kind of interesting that they focused it there, um, because it was going on 100% going on,
[00:10:14] [SPEAKER_01]: but they turned the attention to Hollywood in the fifties, right? 40s and 50s.
[00:10:19] [SPEAKER_03]: No, exactly. Yeah. Don't, don't focus on where it really matters, you know, maybe like in the
[00:10:24] [SPEAKER_03]: government, which it's, let's, let's look at a Hollywood actor and go after, you know, these
[00:10:31] [SPEAKER_03]: Hollywood unions or whatever it is and act like we're doing something about it. But in reality,
[00:10:35] [SPEAKER_03]: the real problem, the real cancer is lying elsewhere and it's continuing to go on. And
[00:10:40] [SPEAKER_03]: you're absolutely right. This has been going, it's been going on, you know, since the beginning,
[00:10:44] [SPEAKER_03]: right? I mean, the British had a Tory agents in the, in the revolutionary camps, Benedict Arnold.
[00:10:49] [SPEAKER_03]: I mean, we, we have to be aware that it's not, it's part of the problem. I guess you're right.
[00:10:55] [SPEAKER_03]: It's like, yes, on the one hand, there's this self brainwashing, the propaganda,
[00:10:59] [SPEAKER_03]: there's the big money interest, the deep economic state that I love to talk about.
[00:11:03] [SPEAKER_03]: But I think we also have to recognize there's a very good chance that, that, that foreign agents
[00:11:08] [SPEAKER_03]: have really taken control of various members of Congress. I mean, we just saw a Senator resign
[00:11:12] [SPEAKER_03]: because of Egyptian foreign control. We had that Congressman that was dating a Chinese mistress.
[00:11:19] [SPEAKER_03]: That was a secret agent for, for, for the Chinese communist party. So we know it's happening.
[00:11:24] [SPEAKER_01]: I think we're just underestimating it. Intelligence agents running for office and in office right now,
[00:11:30] [SPEAKER_01]: which is really alarming. People should be very alarmed by that. That's not a, a comfy cozy. Oh,
[00:11:35] [SPEAKER_01]: he must love America. No, not, not at all. In fact, it's the opposite. And what I, what I've
[00:11:40] [SPEAKER_01]: noticed about this, this group too, um, doesn't it seem like this? Cause I'm watching this DNC and I'm,
[00:11:46] [SPEAKER_01]: I'm, I'm looking at this as they don't even like our country. They don't want our country. They want
[00:11:53] [SPEAKER_01]: it to be everybody else. They, they want pieces of all these other countries instead of America.
[00:11:57] [SPEAKER_01]: And they want a car that doesn't work. They want a body that doesn't work. They want an education that
[00:12:02] [SPEAKER_01]: doesn't work. I mean, everything doesn't work and they're still running around going, aren't we gray?
[00:12:08] [SPEAKER_01]: We have all of this. It doesn't work. Yeah. It doesn't work. It doesn't take into account human
[00:12:15] [SPEAKER_03]: nature. And that's the other problem with these quick fix giveaways is what you're doing is you're
[00:12:20] [SPEAKER_03]: getting to a point where the person who's got to work hard to make 60, $70,000 a year starts to
[00:12:28] [SPEAKER_03]: realize, you know what? I'm better off if I don't work. Cause then I can collect unemployment. Then
[00:12:33] [SPEAKER_03]: I can get all these tax breaks. Then I can get food stamps. Then I don't have to pay taxes. And
[00:12:38] [SPEAKER_03]: then I don't have to do X, Y, and Z. I don't have to pay daycare. And then they're, they're not
[00:12:43] [SPEAKER_01]: working. And not only do you have a car that doesn't work, a body that doesn't work in education,
[00:12:46] [SPEAKER_01]: the system doesn't work. You don't work. You don't have to go to work anymore. Amazing living
[00:12:53] [SPEAKER_01]: off everyone else. Be right back. Kate Daly show. Don't let those guys, our country is literally
[00:13:00] [SPEAKER_02]: $34 trillion in debt. Biden inflation is only making it significantly worse. The fed just keeps
[00:13:07] [SPEAKER_02]: on printing money. The printers are running 24 seven. It means your costs go up and your quality
[00:13:13] [SPEAKER_02]: of life goes down. So like I always say, I want you to be prepared. Don't just bury your head in
[00:13:19] [SPEAKER_02]: the sand, actually do something. Diversify a portion of your savings into gold with the Birch
[00:13:25] [SPEAKER_02]: Gold Group. Gold is your hedge against inflation and Birch makes it easy to own. They'll take you
[00:13:30] [SPEAKER_02]: through the process step by step, minute by minute. They'll answer all of your questions so you can educate
[00:13:36] [SPEAKER_02]: yourself, not just buy blind, educate yourself and help you convert an existing IRA or even a 401k.
[00:13:43] [SPEAKER_02]: into an IRA in gold and you won't pay a penny out of pocket. Okay. That's important, right? Tax and
[00:13:50] [SPEAKER_01]: penalty free. To learn more text 98 98 98 and then just text my name Kate. K-A-T-E. How simple is that?
[00:13:58] [SPEAKER_01]: You've got your phone in your hand. Do it right now. You can get the info kit. You can share it with loved
[00:14:02] [SPEAKER_01]: ones. I'm telling you this is worth it or I wouldn't tell you to do it. Make sure that you've at least
[00:14:07] [SPEAKER_01]: got the information so you can make a good solid decision on this and text 98 98 98 and text my name
[00:14:13] [SPEAKER_01]: Kate. This is the Kate Daly show. So glad you're listening on a Tuesday. I've got Mel Madison,
[00:14:36] [SPEAKER_01]: always a fun show with Mel. And let me just tell you, this is so fascinating, Mel. And Mel,
[00:14:42] [SPEAKER_01]: you know what? You're just, you're, you're hitting on all cylinders. You're, you're,
[00:14:46] [SPEAKER_01]: you're getting it right. Birch gold actually came out with an article that talked about experts are
[00:14:52] [SPEAKER_01]: targeting $3,000 next for gold. And you had mentioned this on last week's show that it was
[00:14:57] [SPEAKER_01]: going to jump. It was going to jump. And a lot of people agreeing with you. It's in for a big jump.
[00:15:02] [SPEAKER_01]: So amazing. So thank you. I love all the work that you do. Well, you know what? I'm not always
[00:15:08] [SPEAKER_03]: that on target, but it was literally the day or the day after gold jumped $50 in one day.
[00:15:13] [SPEAKER_03]: And, um, it was just the way the charts were lining up. I'd mentioned that it looked like
[00:15:19] [SPEAKER_03]: there'd been this consolidation since the spring between around 23, 2,500. And it looked like it
[00:15:25] [SPEAKER_03]: clearly wanted to go above 2,500. And that's what it did last week. That's a big breakout for gold
[00:15:32] [SPEAKER_03]: and a first time ever in spot gold market over 2,500. And right now gold futures are sitting,
[00:15:39] [SPEAKER_03]: they got close to 2,600 today on gold futures. It got 2,570 and pulled back a little bit. So
[00:15:45] [SPEAKER_03]: it's looking ready to go. And 3,000 gold by the end of the year or something. I think I've been saying
[00:15:50] [SPEAKER_03]: for six months since I came on, I've been calling for $3,000 gold. And surprisingly, I've also been
[00:15:56] [SPEAKER_03]: calling for 6,000 on the S and P 500. Um, even during all that craziness two weeks ago, I was saying,
[00:16:03] [SPEAKER_03]: look, we have the central banks that, you know, they're just pumping the system full of money.
[00:16:09] [SPEAKER_03]: Uh, the federal government with all their fiscal spending, their, uh, you know, infrastructure acts,
[00:16:15] [SPEAKER_03]: we're just flooding the system with dollars right now. And anytime there's a hiccup,
[00:16:20] [SPEAKER_03]: it just bounces right back. That's what it's done. And I think, you know, what, what we're seeing today,
[00:16:26] [SPEAKER_03]: and this is really telling is, you know, the dollar is really falling against other currencies.
[00:16:32] [SPEAKER_03]: It's at a 13 month low against the pound. We're just seeing this dollar weakness. And,
[00:16:37] [SPEAKER_03]: and it happens to coincide with once the betting markets, um, I hate to say it, but the betting
[00:16:43] [SPEAKER_03]: markets are now favoring Kamala to win in November. And so when we had peak Trump, um, uh, going to win
[00:16:53] [SPEAKER_03]: the election, that was July 16th. That was before, uh, all of the, the yen collapse in Japan and all
[00:17:00] [SPEAKER_03]: of this craziness. And we had a relatively kind of stronger dollar. And then once people started
[00:17:05] [SPEAKER_03]: thinking, maybe it's not going to be Trump, you've just seen this dollar weakness accelerate.
[00:17:10] [SPEAKER_03]: And so all of that is bullish for gold. And I think no matter who gets in, it's bullish for gold
[00:17:15] [SPEAKER_03]: because we have these structural inflationary problems in place that nobody can fix, uh,
[00:17:22] [SPEAKER_03]: in a four year period. That's just going to happen. Okay. Interesting. Hmm. Fascinating. And,
[00:17:27] [SPEAKER_03]: uh, natural gas, natural gas has, this is just part of the craziness that we're living in where
[00:17:34] [SPEAKER_03]: this week, the wall street journal comes out with an article glut of natural gas, forcing drillers to
[00:17:40] [SPEAKER_03]: dial it back again. And natural gas a couple of years ago was trading close to $9 per a million BTU.
[00:17:49] [SPEAKER_03]: That's the way they categorize it. British thermal unit is what it stands for. But you can think about
[00:17:54] [SPEAKER_03]: natural gas is at nine. Now it's at two, $2 and natural gas. Most of it doesn't go for heating
[00:18:01] [SPEAKER_03]: cells. That's a very small amount of it. Um, of, you know, your, your, your, your, your gas range in
[00:18:06] [SPEAKER_03]: your house. Most of it goes to power plants. So this, this is for electrical supply. And yet we're having
[00:18:13] [SPEAKER_03]: electric prices go up. Why? Because we have so much energy. We don't know what to do with it,
[00:18:18] [SPEAKER_03]: but we don't have the power plants to use it because they won't let anybody build a fossil fuel
[00:18:24] [SPEAKER_03]: power plant. Even though American natural gas is the cleanest, most dependable source of energy on the
[00:18:30] [SPEAKER_03]: planet. They want us to build windmills and put, uh, you know, Lord knows what offshore that dolphins
[00:18:37] [SPEAKER_03]: and whales can run into so that we can have sporadic power that costs a million dollars to generate.
[00:18:42] [SPEAKER_03]: So it's just part of this craziness, the green new scam that we have gas drillers shutting down
[00:18:48] [SPEAKER_03]: rigs because there's just too much energy and nowhere to put it because we don't have the power
[00:18:53] [SPEAKER_03]: plants being built thanks to regulations in Washington DC. And they're over there celebrating
[00:18:59] [SPEAKER_01]: what a great job they're doing. You can't make that up. You can't make it up. I mean, everything,
[00:19:05] [SPEAKER_03]: nothing works. Yeah. And I love their, their day one stuff when they've been talking about the Biden
[00:19:10] [SPEAKER_03]: Harris administration for three and a half years. I mean, they've had three and a half years to do
[00:19:15] [SPEAKER_03]: any of these things. And I mean, that, that they don't want to have everything both ways. Yeah.
[00:19:20] [SPEAKER_01]: Cause it's the, they're the puppetry of those that do not want anything to work. So of course,
[00:19:25] [SPEAKER_01]: they're the face of that and, and they'll readily take orders and they have for years and, um,
[00:19:30] [SPEAKER_01]: they like being the puppetry. They've all profited nicely off of it. So, um, we're going to come,
[00:19:35] [SPEAKER_01]: uh, right back. We're going to talk a little bit about what's going on with Wyoming. Um,
[00:19:41] [SPEAKER_01]: digitally. This is, this is crazy. You're going to want to listen to this. I'll be right back with
[00:19:46] [SPEAKER_01]: Mel Madison. Melmadison.com actually is the website and, uh, whoops. And you're listening to a Kate
[00:19:52] [SPEAKER_01]: Daly radio.com. Melmadison.com is his website. Book is quads. Be right back.
[00:19:57] [SPEAKER_04]: Hey,