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

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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.

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You're listening to the best of of the blend back program.

What's happening in Great Britain is coming here.

It is coming here.

What is happening in Great Britain right now is

exactly what I laid out for you as the Bubba effect.

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.

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.

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 hasn'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.

And we are in the birth pangs

of

the future.

We are giving birth right now to the future.

A baby is coming out.

And I don't think, I don't think we're going to like it.

I think it's one of the 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.

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.

But in Japan, stocks were wiped out.

This happened while you were asleep.

The Nikkei 225 is falling 12.5%.

That is the biggest single day decline since Black Monday's collapse of 19, what, 89 or 87, I think it was.

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 creme de la creme.

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 running, ringing in my head.

If we only knew what the rich people knew

before the Great Depression,

we would have been fine.

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, the China is still buying it.

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 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 at, I think, 47

in 2008.

In COVID, it was like 56.

And it's currently on a scale of 1 to 100,

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?

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, I wouldn't be so proud.

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 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 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.

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, they did a little bit, very little bit, but then everybody in the neighborhood that was standing up 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 three girls.

Now,

he has a Somalian name, 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 2000, I don't know, four,

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.

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 respond.

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 turban and he doesn't know.

He'll shoot a Seek

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.

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

Islamicists.

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 just a guy who loves his country, has gone to work every day, seems to be forgotten, seems to be left behind.

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 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, 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.

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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 i feel like your audience every time they see me like oh no carol round is back again i know i tell you carol i was just thinking the same thing you know we don't we never talk when it's good times um the stock market uh now there's 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, week, obviously, we saw some selling off in the stock market.

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

a few weeks ago 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.

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 rates

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.

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.

when Japan opened, you know, last night, our time, you know, 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 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 US.

And then they get the margin calls, and then they end up having to sell and that

begets more margin calls.

So you saw the Japanese Nikkei go down 12.5%

in one day.

It was their single worst day since 1987, that Black Monday day.

So now as the market has opened here in the United States, there's anticipation of do we get 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 the trading day as we talk line 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 continued 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, Nvidia, which was the darling just, I don't know, a month ago, everybody's like, you've got to get Nvidia.

And maybe that's, you know, that's greed talking and that's why you shouldn't buy Nvidia when everyone is saying that.

But

they're down almost 10% today.

That's down 23% from their high, I think like a month ago.

Artificial intelligence stocks are down.

Tesla is down.

Super microcomputer down 9%.

Is this just

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 within 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, Web3 and Internet of Things and the metaverse, and now it's AI.

And all of those theses have eventually come back down to reality.

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 in Apple by about 49%.

And obviously

lessening.

That's not lessening.

That's cutting it in half.

That's significant.

Cutting it in half.

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.

It's almost as if he's becoming bullish on America.

And

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, 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 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, a worry about an increase in capital gains, perhaps, under a potential new administration.

Although I don't think that he would have sold

half of the position because of that, but one never knows.

And yeah, just repositioning his portfolio.

But certainly,

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, adds the fact that he is going 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.

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 time to buy bitcoin and gold i would imagine

yeah so that's my my thesis as well is that you know you would think particularly as the yields uh on the tenure are coming down that you would see gold you know going up and certainly gold has also been on quite a run uh for some time but i have that that same feeling that you know in this insanity uh when you're getting these margin calls because everything else is is 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.

China, biggest buyer of gold for 2023, they took a pause in May and June, although they have signaled that they are going to continue to buy, but just based on pricing, they wanted to see where the price was going to settle out.

That's at least the buzz around

their thinking.

And so perhaps without them.

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?

So, you know, I'm going off of the World Gold Council.

Um, so you know, it is certainly possible that we that they could still be purchasing it, but that was sort of there.

And again, this is you have to remember the timing difference is that they're the reports are for May and June.

We also had July, so it could be the July that they picked back up again.

So, so all these things could be weighing in a little bit, but again, I'm gonna look at my screen right now because I'm trying to get all this real time.

You know, you still have gold up well over the 2400 level.

I remember, you know, last year, Glenn, when we're like, oh, is gold going to break 2,000?

We think that it is.

And, you know, now here we are talking about it at the levels of 2,400 or 2,500.

But I think if we take a step back and think about the implications of

what this could mean.

If we're talking about, you know, whether it's with the indications coming from the jobs report and the Fed that there might be some cracks in the economy, if there is continued 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, you know, 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, you know, 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.

Then what does that mean?

Well, then you have, if the economy's down and stock market's down, you have fewer receipts.

for the federal government, who is still planning to run this year a $2 trillion deficit, which means that 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 modernization 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.

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, 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 in 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 either way.

I think that when you're in a time where things are, you know, kind of

kind of chugging along, 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 had several 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.

And now they feel like, okay, we have more time to be able to affect these insane policies.

And whether it's

desperation because they potentially are taking in less revenue, getting 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 mainstream 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 CarolRoth.com slash news.

Carol Roth.com slash news.

The best of the Blackbeard 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 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, which was leading to a multi-club meeting to figure out what to do.

NetNet, 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.

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, male on the other door, and

you only belong in the male

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, people there that can watch your kids.

Well, I don't trust my kids.

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 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.

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.

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.

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 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 have filed subpoenas demanding to know which customers they have or have not informed about these terrible and

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 to express some diversity viewpoint.

He was there to perp on victims and create new victims.

And there were women who had gone 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.

And 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 your letter to the CEO of Lifetime Fitness, Bahram

Akrady,

and he wrote, Dear Mr.

Akrady, It's come to my attention that Lifetime Fitness has proudly adopted a policy that permits biological men to use locker rooms designated designated specifically for women and young girls.

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 disrobe in spaces set aside for women and young girls is 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 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.

And I think we've seen over the past couple of years how that has

impacted the marketplace.

Look at Flood 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.

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, and 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, 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?

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?

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.

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...

You can have a transgender bathroom.

You could have a

transgender boxing Olympian 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.

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?

Yeah.

That's why we have the girls league in the first place.

Because little girls were told you can't compete, so you can't play the sport.

That's why we developed a 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 transgenders

with the Biden administration 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?

It's an insult.

Because

they say that they are now officially women.

You choose to be a woman.

That is so insulting.

It is.

It is so insulting.

It is.

If you've got a noodle,

for my money,

you're not a woman.

Any noodle is disqualification for women's sports.

Really?

I'm a little picky about it.

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 XY chromosome,

that's still a sticker.

I'm a stickler on that one.

That's still a sticker, really.

Yeah.

Really?

Yep.

Why?

He doesn't have a noodle.

I thought it was a noodle problem.

Well, it's a noodle and a chromosome problem.

Okay.

Because you might have, what you're saying is you might have testosterone.

You might have bigger muscle mass.

Right.

Etc, etc.

Bone structure.

I hear all of the hand-eye coordination, weight to height ratio, a lot of differences.

I got you, bigot.

Yeah, no, I have you, bigot.

Thank you very much.

You know what?

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.

This is science.

And when you're taking a shot against me, you're taking a shot against science.

I just want to say that too.

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