Andrew Tate vs Ben Shapiro, Trevor Bauer Vindicated & Israel vs Iran | PBD Podcast | Ep. 399

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one okay episode 399 got some news to

give to you guys yesterday Vinnie and I

had an hour and a half conversation with

SH Knight while he was in jail and he

called in we had a conversation couple

weeks ago he said he wanted to speak on

a podcast on any issues any matter no

question off the table and we talked

about a bunch of different things he

dropped a lot of names of people whom he

claims influence Diddy to do what Diddy

is doing today and you just have to

listen to when it comes out it's going

to come out probably sometime this

afternoon it's the longest one he's done

since he's been in and we had to

constantly call back every 15 minutes

but we eventually got it we're cutting

it up right now we were going to do it

on Twitter spaces but you couldn't dial

in uh anyways we shot the whole thing

going to be all over the place today but

very interesting so for those of you

that wanting to know what sh knows or

thinks about what's going on with Diddy

and all these other things we'll have

that uh being Rel released later on

today obviously there's more things

going on with Iran and Israel we'll

speak on that today Iran feels

emboldened makes dangerous gamble on

open confrontation according to Wall

Street Journal Iran threatens to attack

Israel with weapons it has not used

before as it gets military support from

Russia and White House is about to

announce new sanctions on Iran following

their Israel strike simultaneously

Google Stafford from New York City

California and Seattle offices to

protest $1.2 billion

Aid that's going to Israel Jerome Powell

says fed will wait to cut

rates and that is not good for a lot of

people that were hoping to get the cut

rates being cut oil us crude oil Falls

below 85 as Traders discount Iran Israel

war risk direct Iran Israel war could

Spike oil ready 30 to $40 which means if

you're paying in California right now

$550 a gallon you'll be soon at eight

bucks a gallon if it goes up 50% that's

the number give or take the US Freight

recession keeps getting deeper we'll

speak about that Elon musk's a position

with Brazil maybe we'll get into that

he's been asking for his 5656 billion

payout Tesla's asking shareholders to

vote again on it George Soros dropped

$60 million into the Democrats

Progressive War chest leftwing dark

money group funds bail legal support for

anti-israel agitators blocking traffic

we'll speak about that Trudeau ready for

this one folks insist China medling in

his party's favor had little imp impa on

Canadian elections but they did medal in

he won that one didn't he won that one

yeah but you know and Dubai I don't know

if you guys been seeing the videos with

Dubai what's been happening with Dubai a

bunch of people are speculating on

what's going on there UAE government

unit denies cloud seating took place

before Dubai's floods which is a mess

I've been to Dubai I don't know if

you've been to Dubai you don't see a lot

of rain in Dubai they have to make rain

in Dubai that a lot of people claim but

we'll show you some of those videos the

average American doesn't know what a

401k is maybe you may to answer if you

know what a 401k is comment below and

don't go to Google and Investopedia

Investopedia just see if you know what a

401k is what the code stands for uh

quarterly ratings Fox News MSNBC and

failing CNN fails more CNN AES ready

Charles Barkley and Gail King's weekly

show King Charles after six months Ean

Carroll you guys know who she is the

lady that was on Anderson Cooper that

got 83.3 million when she won the

lawsuit guess what just happened to her

she's a Al the top 100 most influential

people of 2024 according to Time

Magazine really she influenc she

influenced the judge very

very Bill Haney claims he is sending his

son Devin to kill Ryan Garcia Trevor B

recuser indicted for allegedly trying to

extort $3.6 million you guys got to see

this 's got a bunch of stuff to say

about that parents of Michigan shoot a

going to jail we're going to finally

comment on it today uh maybe some things

about Joe Biden Tesla cutting 10% UFC

rado's video we still haven't shown we

will show and aside from that uh there's

a lady this is kind of weird guys when

we show you this a lady in Brazil

apparently grabs a dead man maybe her

uncle in a wheelchair goes to the bank

kind of like the weekend at Bernie

convincing them that he's trying to take

out 177,000 Brazilian money which is

$2,500 US dollar Vinnie just showed me

this clip and and we'll show this to you

so stay tuned

it's it's it's disturbing entertaining

at the same time but very disturbing Ben

Shapiro and Andrew Tate are back at it

again Ben Shapiro goes nuclear and take

down of Andrew Tate selling lies to men

jerking off to his webcam business is

what story is this by the way mediaite

okay moving um yeah we'll go into that

story as well all right so aside from

that one thing I do want to kind of

share with you guys next Thursday a week

from today is our next live next pbd

podcast live at 5990 live the VIP

tickets sold the second tier sold but we

do have General tickets left if you want

to come see this interview with Tuli

live at our 5990 Studio which by the way

everybody in attendance is going to get

a sign copy of her latest book that's

coming out and there's going to be a lot

of interesting things we'll be talking

about with her that day obviously she's

one of the names that's being dropped

potentially as the VP of uh president

Trump she's being mentioned all over the

place and so we'll have a good time at

that podcast and some of you guys that

have already about the VIPs maybe you'll

get a chance to meet her in the back but

uh go to 5990 live get your tickets

again 5990 live register before these

things sell out and we're about to

announce the next couple live here soon

as well but with Tulsi go to 5990 live

register and we'll see you guys next

week okay so let's get right into it

Vinnie yes sir we got a lot of stuff

that's going on I want to start off with

Jerome pal Rob if you can pull up Jerome

Powell's video and Vinnie I'm

specifically coming to you with this one

so Jerome Powell announces Adam please

don't laugh when he's tell the story

that the Federal Reserve will not be

making rate cut inflation reaches 2% Rob

play this clip the entire Market reacted

to this inflation of course declined

quite significantly over the second half

of last year over the whole year but

particularly in the second half but 12-

Monon core pce inflation which is uh one

of the most important things we we look

at is estimated who have been little

changed in March over February at 2.8%

and the 3 and six Monon measures of

inflation are actually above that level

so we've said at the fomc that we'll

need greater confidence that inflation

is moving sustainably toward 2% before

it be appropriate to ease policy you

know we took that cautious approach and

it right Tom what does that mean to the

average person here's what it means the

average person um when let me translate

it for you we are worried that that

inflation at 3 and 1/2 right now is is

heating up a bit getting back toward

four you can already see it at the gas

pump because oil is 85 so the average

person is like why I heard oil is 85

what that mean it means the gas pump's

going on and thank goodness we're going

into summer not winter cuz heating oil

would be way up for people that are in

the Northeast also it means that if you

bought a house maybe last year squeezed

into something at 7% you notice the

mortgage rates are still 7% they're

probably only heading back to 6 and 38

or 6 and half by the end of this year

cuz they're talking about only cutting

twice so what does that mean it means

the economy is not improving as much as

the headlines say that inflation is

stubborn it's still here people are

still seeing it up and if you're

thinking of buying a house and you're

thinking those interest rates are going

to come crashing down this year they're

not that's the loose translation pbd

okay so while we're looking at this time

now at the last year December when we're

going into New Year December 2020 23

going to 2024 a lot of people were

speculating that rates are going to be

lowered probably four to six times this

year that was a number a lot of people

and when I say a lot I mean the

heavyweights I'm talking the guys that

are the guys you go and read About the

Morgans the Goldman the the guys that

are the experts right and a leak from a

guy on the St Louis fed that's right so

okay everybody's like oh my God it's

going to go down it's going to be great

it's going to be this it's going to be

that and then all of a sudden uh no

another month uh no another month oh no

inflation's not Dr drop it oh inflation

went up half a point uh so so now all of

this is continuing the way it is to

where we're at uh with today is there

any likelihood Tom that maybe there will

be zero rate Cuts in 2024 like if you

were to give your percentage that there

will be zero rate cuts at all in 2024

where are you at with that percentage

wise right now I'm only 5050 at two rate

cuts and I'm and I'm falling got it and

so I but where are you for zero rate

Cuts I'm probably 25% in coming up at

zero rate Cuts yep because the inflation

has been stubborn we saw unemployment is

is higher I mean the government's saying

that unemployment rate was staying the

same and but we don't see how that's

possible with all the layoffs that have

been announced and many states are

announcing that um jobless claims and

you know unemployment checks that you

can get for 6 weeks those are up so how

is it that National stats are more

moderate the states are seeing it worse

we think Washington's playing with the

stats and when you look at all that that

means it's even a potential mild

recession the second half of this year

mild recession they won't announce that

obviously but oh hell no they will do

everything possible not to say the RW

for fourth quarter of the let me go to

the second part of this question which

is the oil right us crude oil Falls

below $85 as Traders discount Iran

Israel war at risk right uh that we have

so this is a CNBC story let me read this

to you so us crude oil Dro for the third

consecutive trading session on Wednesday

dipping below $85 a barrel as Market

dismissed the risk of a wider war

between Iran and Israel that could

disrupt supplies the west Texas

intermediate contract for May delivery

declined 46% or 55 46 cents or 55% to

8489 a barrel June brand Futures were

down 51 cents or.

57% at 8951 a barrel and US oil and

Global Benchmark are down just under 1%

this week us prices go about their

business of unwind unwinding some of the

war premium that has been priced in due

to the continuing tensions surrounding

the Gaza conflict and the subsequent

Iranian missile Onslaught on Israel John

Evans an analyst at oil broker pvm wrote

on a note on Wednesday and by the way

this is another story that kind of goes

with it direct Iran Israel war could spy

oil by $30

to4 you know who says Bank of America

says and they said this

yesterday so Bank of America predicts

that a direct war between Iran and

Israel could cause oil prices to go up

30 to 40 through 2025 and Brent

potentially reaching

$130 in US crude oil soaring to 123 if

Iranian crude suppliers are disrupted by

up to 1.5 million barrels per day Tom

you have inflation that's one thing you

have interest rates that's one thing you

have unemployment that's one thing you

have oil gas prices that's one thing

what do you think is going to happen

here with oil and gas prices okay all

those first things you mentioned is like

the flu the flu the flu if oil moves

like that it's cancer on the economy

tell me why because oil affects

everything oil affects fuel you just

transporting goods back and forth and by

the way the the US consumer is so much

in debt right now we have a freight

recession going on where the amount of

freight being transported around is down

so you have that so if oil goes up air

travel goes up immediately energy cost

just basic energy cost for your car goes

up Plastics go up plastic starts in a

barrel of oil um you have then of course

I've already mentioned Freight goes up

oil affects everything it's like the bad

Domino to fall in an economy and by the

way they're saying oh it's under 85 the

peak a year ago was

9395 so we're all the way back up within

$8 of last year's Peak where we were

panicking and Joe Biden opened the

Strategic petroleum Reserve to take

excess oil out there to kind of help the

price I mean we're within shouting

distance of this and it's and that's why

when you ask me about you know where am

I I'm 25% and Rising that there'll be no

rate Cuts this year that the economy is

not nearly as good as it seems Tom what

do you always say numbers uh people

words Talk number scream uh the price of

oil right now is about 80 bucks 85 bucks

what is it right right now yeah you're

you're around there okay historically

what should the price of oil be 60 70

bucks in that range what are you what's

your take so United States oil

extraction need about a $60 a barrel to

make a buck because it it takes like 50

555 is what I've heard yeah that's

correct 60 65 the oil sands in North

Dakota and Alberta they need about $55

it's more expensive to get the oil out

of the shell as as opposed to just plug

ho in ground in the Gulf of Mexico or in

West Texas and WTI stands for West Texas

intermediate crude so United States is a

very happy place of oil just sits right

there at 60 so you think well you know

85 to 60 is not too much that's 25% more

I mean that's you think 25% that's bad

inflation and if it hits on 100 bucks or

120 that's exactly double 65 is a happy

place what's the what's the reality that

oil is stable like we're talking numbers

right now you say numbers scream you

know during 2020 I think oil went to

like0 a barrel Bas it was almost

negative because they just couldn't no

one was moving yeah so you see what you

know the even just with interest rates

bringing it back to Jerome pow from a

macro perspective the uh uh Fred fund

rate is what five five and a quarter

right now is so and then the uh prime

rate which is what the consumer has to

pay is always about three points above

that so you're talking in the eight

range Bingo five and a quarter so Prime

is about eight uh nonetheless mortgages

are at eight um should we expect any

stability from any of this anytime soon

or is it just like get used to the chaos

uh I think we need the Middle East to

calm the F down because that will when

is that happen that will settle no then

that's the problem that will settle the

oil markets Tom Tom let me ask you a

question though how much is is Biden

stopping the fracking stopping a

drilling here affecting that like I know

he's depleted our our our Reserve as

almost phito oh you when about us

drilling here right and I get so

confused I watch the news whenever I

hear them talking about artificial

intelligence I always think they're

talking about Biden but um when a guy

when Biden sits there and basically

looks in the camera and his policy is

don't I'm like what what you know wait a

minute where's the Statesman in that

where's the world leadership in that

where is somebody stepping to the

forward and saying for this reason this

reason this reason you guys got to come

to the the table I'm not going to let

you keep fighting and I'm going to come

in here and that's what we're going to

do we're not doing that today don't you

know Biden I don't care who's in the

white house if that is your your porn

policy is based on looking into the

camera we're screwed you know that can

you pull up that number real quick I

just sent you Adam I know you got a

question I want to show you this as well

the chart I just sent you yeah so check

this out zoom in a little bit this is

the petroleum and other liquids this is

specifically oil right us crude oil

first person's price this is from 19

early 70s to today go down a little bit

Rob to the bottom okay so check this out

if you try to find the highest number

obviously what 65 was 10 years ago is 85

today give or take you the same numbers

not going to stay the same number for us

to break even these companies need to

make profit right if you go lower keep

going lower so right there you'll see

what a high uh you'll see high of 30

right there 2,000 to the right and then

you'll see 62 you'll see 73 boom 120

2008 is crazy look at 2008 right there

so if you go 2008 you got 87 in January

89 98 106 in April 118 in May 127

128 give or take July is what what it is

that's a high right 128 who's president

at 2008 July by the way Bush to Obama

Bush to Obama so 128 then it goes down

to 60 50 and then ghost Trump trump

comes in 16 you got 40 30 25 60 56 31 15

damn $15 $18 so super low then comes uh

Biden 2021 the 15 was Co low demand

nobody was using oil we were all locked

couldn't give away so then you got 15 18

38 then you got 49 56 60 59 62 then it

goes to 80 89 107 103 108 113 110 okay

uh 113 100 so remember when gas prices

so now do this Rob do me a favor and go

to go to July 2022 gas prices just

Google it separately July 2022 gas

prices July this should this should give

the average person a sense of what could

happen July

2022 gas prices in America see if a

chart will show up telling you how much

gas prices were it was not good remember

that uh is it showing you or AAA is not

showing you if you go to July gas prices

what website do you go to to get that to

do you know like is there a j July no

not that one that's not going to show it

to you so July

2022 I want to really find go history

yeah July 2022 gas prices history and

see if it'll find like a chart Rob just

go to BISD do.com it's all H there July

2022 here we go I found it okay so July

2022 you're looking at 494 499 Peak

that's the national average not

California $4.99 Peak national average

five bucks yeah so what is the national

average right now Rob what is the

national average right now I said it was

like four bucks so if we go to the

national average right now 380 last week

36 uh no no go uh what does it say yes

regular four okay that's the one 364 y

so let's just say $499 which is what a

buck 36 more what's a buck 36 on

364 can can you do buck 36 on

364 five so Buck 36 divided by

364 okay

37% so 37% is what it is there you

go so if this thing goes to if this

thing all of a sudden today goes from

where it's at to 125 a barrel if it goes

to 125 a barrel gas prices national

average will be 550 can you go to

California right now to see how much gas

pric are in California right now and

it's 38% on the tax in California right

so if I go to California gas prices

today

$5.45 $2 Buck 37% so bump that up 37% Dr

I know you're quick with Matt so if you

can do

545 increase it it's going to be like

seven bucks

54537 so you got 750 SO gas prices could

go to 750 in California for regular not

premium it'll be eight bucks for premium

if this thing gets 125 bucks that's what

you need to know so for those who for

some people you know go on dates on

Ubers for can you imagine like what now

you have to cut down your two days to

one date a week yeah listen babe I can't

send it catastrophic for you know U

Ubers the lifts all these uh you know

different kind of things that takes

place but that's what this means basic

math what it could affect and by the way

this is not just going to affect this

Uber food everything's going to be going

up if and this is the one thing that

people will directly feel mhm this

number they'll feel because and let me

translate even further that means to

fill your tank with gas uh the average

fill up I've read is 12 half gallons at

that price you're looking at 100 bucks

right it's 100 bucks to fill your tank

750 time listen I don't know about you

got teacher tell me about a school

teacher doing that every week $4 a month

on gas I've haven't got involved I was

going to say I concur because I'm not

into this you know the numbers my I'm

not into this whole energy thing but

listen just from going off of what you

guys said whoever's the current

president I'm voting for that guy this

Joe Biden guy oh my God hear hearing

those numbers inflation this the that's

the type of that's what America likes

you would think he's a republican trying

to help the oil guys out in Texas that's

what you would yeah exactly right he's

an OPEC man yeah oh I'm I'm voting for

democrats for the rest of my life the

reality is when when gas prices are too

high consumers can't pay for it they

freak out they stop traveling stop

spending um but when they're too low oil

companies all around the world basically

start lay off start cutting thousands of

work workers and uh they cut back on

operations so there needs to be some

stability if they can figure it out but

with war in the that region of the world

the Middle East the oil no no good no no

that that definitely doesn't go ahead

Tom it reminds me there was a time we

Saturday Night Live wasn't just a bunch

of liberal tools um and you go back to

when Jimmy Carter was President Dan

arroy did a skit where Dan arra was

Jimmy Carter and he said I have a new

policy inflation is our friend

haven't you ever wanted to wear a

$11,000 suit well with my Administration

next year's you can go to pennies and

get

one

Jimmy Tom the biz that was not bad while

we're on economy let's wrap this economy

story up Vinnie so here we go uh next

one is the US Freight recession keeps

getting deeper are what JP hunt a

leading freight company experiences a

significant decline stock value

following disappointing for scor

earnings with profits plummeting by

$70.3 million compared to the previous

year the and revenue falling short of

forecast by 9% dropping by $2.94 billion

weak Trucking volume and sluggish

demands contribute to JP Hunt's

struggled reflecting broader challenges

in the Freight Market and which has been

grappling with a prolonged slowdown

since the pandemic Bank of America

senior Transportation analyst Ken hoer

noted demand remain

weak pricing is remaining at really

historic low levels Tom what's going on

here I'll give you three data points uh

our government is telling us the economy

is fine consumers have $1.1 trillion in

credit card debt the economy is fine buy

now pay later they're delinquent on buy

now pay later the consumer is fine so

guess what the consumer is not buying

consumer purchases are dropping and

therefore there's a lack of demand for

free freight services to to to truck all

that stuff around and so now you've got

Freight at historic lows so what's

happening to the income of those truck

drivers it's dropping this is bad so the

freight recession is basically telling

us that there's not demand to be

transporting stuff around the United

States let's translate that why isn't

there demand because the consumer is

more tapped out but the economy is fine

and look at the jobs report oh wait

those are a bunch of part-time jobs

people are getting because for every job

that was on the job report we lost 1.2

full-time jobs so the freight recession

is you saying I'm fine I'm fine I'm fine

and your mom puts a thermometer in your

mouth and says you have a fever of 103

you shouldn't go to school today let me

uh going kind of give it a little

personal finance context I'm befuddled

by the way I'm just completely befuddled

this is egregious Adam go ahead no when

there deep talks of logistic recession

you're befuddling I completely

understand why the Dynamics of the G

with your

constituency are Furious right now it

makes total sense but you know there's 3

and half million truckers in America uh

I