This could make it to the Supreme Court ‘quickly’: Andrew Cherkasky
Summary
TLDRThe transcript discusses the legal and financial challenges faced by former President Donald Trump due to a significant court judgment. It highlights the potential implications for businesses in New York and the broader issue of a two-tiered justice system. Additionally, the conversation touches on the impact of high taxes and anti-business policies on cities like Chicago and California, and the push by progressives for lower interest rates despite concerns over uncontrolled inflation.
Takeaways
- 📜 The discussion revolves around the legal and financial challenges faced by former President Donald Trump, particularly regarding a bond related to a court judgment.
- 🏛️ Andrew, a former federal prosecutor, argues that the situation may violate the 8th Amendment against excessive fines and discusses the potential legal remedies and appeals available to Trump.
- 💼 Economist Steve Moore highlights the chilling effect of the judgment on businesses in New York, suggesting that it may lead to businesses reconsidering their models and allegiances in the state.
- 🏢 The conversation touches on the unfavorable business climate in New York, which is viewed as unsupportive of entrepreneurs and businesses.
- 🌐 Trump's contributions to modern New York through his real estate developments are acknowledged, despite the current legal and political challenges he faces.
- 💰 The potential for Trump to leverage his stake in a publicly traded entity, Digital World Acquisition, to secure liquidity without needing a bond is discussed.
- 🏛️ The legal process for posting a bond is outlined, emphasizing that Trump currently lacks the necessary liquidity and cannot use his real estate holdings for this purpose.
- 📈 The impact of the mansion tax proposal in Chicago is discussed, with concerns raised about its effects on long-time property owners and the city's business climate.
- 🗳️ The script also mentions ongoing presidential primaries in various states and the importance of the Ohio Senate primary.
- 🏛️ The idea of double-tracking appeals, both in state and federal courts, is brought up, with an explanation of the need to exhaust state appeals before moving to federal ones.
- 🌟 Steve Moore shares his recent interaction with Trump, emphasizing Trump's upbeat and forward-looking attitude despite the legal challenges and political opposition.
Q & A
What is the main legal issue discussed in the transcript regarding Donald Trump?
-The main legal issue discussed is the violation of the 8th Amendment regarding excessive fines and the requirement for Donald Trump to post a bond equivalent to 120% of a judgment due.
What is the potential impact of the judgment on businesses in New York according to the transcript?
-The transcript suggests that the judgment could chill businesses in New York, as they may fear being targeted for their political affiliations or being put in a financial corner, similar to what is happening with Donald Trump.
How does the transcript describe New York's business climate?
-The transcript describes New York as having one of the most unfavorable business climates, which is one of the reasons people have been moving away from the state.
What is the significance of Donald Trump's contributions to New York mentioned in the transcript?
-The transcript highlights that Donald Trump helped build modern New York by constructing large buildings and being a fixture of the community, suggesting that the legal actions against him could be seen as a form of retribution.
What is the potential legal strategy for Donald Trump to avoid posting a bond as discussed in the transcript?
-The transcript mentions the possibility of Donald Trump borrowing against his stake in a publicly traded entity, Digital World Acquisition, to raise the necessary liquid funds without needing to post a bond.
What is the process for Donald Trump to appeal the judgment according to the transcript?
-The transcript explains that Trump would first need to file an appeal, which would likely be rejected by the court if the bond requirement is still in place. He would then appeal to the next layer of the New York appellate courts and potentially make his way to the Supreme Court from the state high court decision.
What is the concern about the 'mansion tax' proposed in Chicago as discussed in the transcript?
-The concern is that the mansion tax, which imposes a graduated tax on properties over a certain value, could negatively impact not just large skyscrapers but also long-time residents and businesses in areas that have gentrified over time.
What is the potential impact of the mansion tax on Chicago's population according to the transcript?
-The transcript suggests that the mansion tax could contribute to the ongoing population loss in certain areas of Chicago, particularly affecting those who have invested in properties since the 1980s that are now worth over a million dollars.
How does the transcript characterize the political leadership in Chicago?
-The transcript characterizes the political leadership in Chicago as Marxist, with a focus on redistribution and taxing the rich, which has contributed to an anti-business atmosphere and population loss.
What is the criticism of progressive policies in California as discussed in the transcript?
-The criticism is that despite having some of the highest taxes in the country, California has a record budget deficit, suggesting that high taxes and progressive policies are not effective in managing the state's finances or attracting residents.
What is the stance of the speakers in the transcript on the idea of lowering interest rates?
-The speakers in the transcript are against the idea of lowering interest rates, arguing that it would not be beneficial given the current economic conditions, including uncontrolled inflation and the impact on safe investments for the elderly and those on fixed incomes.
What is the concern about the proposed interest rate cuts by progressives as discussed in the transcript?
-The concern is that the proposed interest rate cuts by progressives could lead to increased inflation and financial instability, as well as negatively affecting those who rely on safe investments for their income.
Outlines
📚 Legal and Financial Strategies for Trump's Appeal
The paragraph discusses the legal and financial challenges faced by former President Donald Trump following a court judgment requiring a significant bond posting. The conversation involves former federal prosecutor Andrew and economist Steve Moore, who analyze the potential for Trump to appeal the decision, the implications of the 8th Amendment regarding excessive fines, and the possibility of Trump using his stake in a publicly traded entity for financial leverage. The discussion also touches on the broader impact on businesses in New York and the perception of the state's business climate.
🏛️ The Impact of Political Bias on Business Climate
This paragraph focuses on the perceived negative impact of political bias on the business climate, particularly in New York. It highlights the concerns of businesses fearing targeted political attacks and the potential for bankruptcy due to such biases. The conversation includes personal anecdotes, such as a dinner with Trump, and discusses the population loss in certain counties, attributed to the anti-Trump sentiment. The implementation of a mansion tax in Chicago is also discussed, with concerns raised about its potential impact on long-time property owners and the city's economy.
🌆 The Exodus from Progressive Cities and States
The paragraph delves into the consequences of progressive policies in cities like Chicago and states like California, suggesting that these policies are driving people away. It discusses the high taxes and anti-business atmosphere in Chicago, leading to the departure of prominent figures like Ken Griffin. The conversation also touches on the record budget deficit in California, despite high taxes, and the migration of people to states like Texas and Florida. The paragraph criticizes the persistence of failed ideas and the negative effects on constituents, especially the elderly and those on fixed incomes.
Mindmap
Keywords
💡8th Amendment
💡Appeal
💡Bond
💡Business Climate
💡Digital World Acquisition
💡Supreme Court
💡Two-Tier Justice
💡Mansion Tax
💡Progressive Policies
💡Federal Reserve
Highlights
Discussion on the potential violation of the 8th Amendment due to excessive fines in the case of President Trump.
Mention of President Trump's legal situation regarding the bond and his appeal process.
Concerns about the impact of the judgment on businesses in New York and potential rethinking of business models in the state.
Steve Moore's perspective on the unfavorable business climate in New York and its effects on the population and businesses.
Discussion on Donald Trump's contributions to modern New York through his real estate developments.
Exploration of the possibility of Trump borrowing against his stake in a publicly traded entity to raise funds for the bond.
Legal strategies available to Trump in terms of posting the bond and pursuing his appeal.
Concerns about the two-tier justice system in the United States and its implications for business owners.
Steve Moore's account of his recent interaction with Donald Trump and Trump's positive outlook despite legal challenges.
Discussion on the impact of political affiliations on businesses and the potential for bureaucrats to target businesses for political gain.
Analysis of the Ohio Senate primary and the three Republican candidates vying to face the only remaining Democrat Senator in the state.
Chicago's proposal for a new mansion tax on properties over a certain value and its potential impact on the city's economy.
Concerns about the potential negative effects of the mansion tax on long-time property owners in Chicago's Black communities.
Steve Moore's commentary on the decline of Chicago due to high taxes and an anti-business atmosphere.
Comparison of Chicago's situation with failed tax policies in Los Angeles and the broader issue of high taxes driving people out of progressive cities and states.
Discussion on the Federal Reserve's March policy meeting and progressives' push for lower interest rates.
Critique of the progressive agenda and its potential to exacerbate inflation and negatively impact vulnerable populations.
Concerns about the impact of interest rate cuts on safe investments and the financial security of the elderly and those on fixed incomes.
Transcripts
POSTED:
DAGEN: LET'S BRING IN FORMER
FEDERAL PROSECUTOR ANDREW
AND FREEDOM WORKS CHIEF
ECONOMIST STEVE MOORE.
ANDREW, LET ME START WITH
YOU ON THIS.
THIS VIOLATES THE 8
AMENDMENT GUARANTEE AGAINST
EXCESSIVE FINDS.
WHERE DOES THIS GO WITH
PRESIDENT TRUMP NOT HAVING
THE BOND.
THIS WILL APPELLATE COURT
ALLOW THE APPEAL WITHOUT THE
BOND IN PLACE.
YOU ARE RIGHT.
THE QUESTION IS HOW WILL IT
WORK ITS WAY THROUGH THE
COURT OF APPEALS, I AM
HOPEFUL NEW YORK COURT WILL
TAKE A LOOK AT WHAT DONALD
TRUMP IS ASKING FOR A LOWER
BOND OR SAYING HE SHOULD BE
ABLE TO GO THROUGH APPELLATE
PROCESS WITH NO BOND, THAT
, THAT IS REASONABLE ACT
OF, EVEN IF THAT IS NOT ABLE
TO HAPPEN, I DON'T THINK
THAT EXHAUSTS THE LEGAL
REMEDIES AND APPEALS THAT
DONALD TRUMP WILL HAVE, THIS
COULD MAKES IT WAY TO
SUPREME COURT QUICKLY.
SEAN: STEVE, WITH THE
JUDGMENT THIS SIZE, AND
REQUIREMENT, DONALD TRUMP
WOULD HAVE TO POST A BOND
120% OF THE JUDGMENT DUE,
TRUMP SAID THEY ARE LOOKING
FOR ASSETS OF A BILLION
DOLLARS.
THIS HAS TO CHILL EVERY
BUSINESS IN NEW YORK SAYING,
IF THEY CAN GO AFTER DONALD
TRUMP AND PUT HIM IN A
CORNER, THIS COULD HAPPEN TO
ANY OF US, I HAVE TO IMAGINE
THERE HAVE TO BE BUSINESSES
RETHINKING THEIR ALLEGIANCE
AND BUSINESS MODELS IN THE
STATE.
>> NEW YORK HAS ONE OF THE
MOST UNFAVORABLE BUSINESS
CLIMATES ACCORDS TO STATE
LEGISLATIVE GROUP, THAT
ONE OF THE THE REASON THAT
PEOPLE HAVE BEEN MOVING.
THIS IS JUST A SIGN BY THE
JUDICIAL TEMP IN -- SYSTEM
IN NEW YORK THAT WE'RE NOT
OPEN FOR BUSINESS, WE VIEW
BUSINESSMEN AND WOMEN AS
ENEMIES OF THE STATE.
LET'S NOT FORGET THAT DONALD
TRUMP, WHETHER YOU LIKE HIM
OR NOT HELPED BUILD MODERN
NEW YORK.
HE BUILT HUGE BUILDINGS AND
HE YOU KNOW, HAS BEEN A
FIXTURE OF THE COMMUNITY
THERE, THIS IS THE REPAYMENT
FOR HIM, THIS IS OUTRAGEOUS,
A LOT OF VIEWERS OF THIS
SHOW AGREE WITH ME, RIGHT
NOW IN AMERICA WE HAVE A
TWO-TIER JUSTICE
SEMIS, LIKE IN BLUE STATES
LIKE NEW YORK.
DAGEN: ANDREW.
THE PARENT OF A TRUE SOCIAL
TO BE MERGING AT END THIS
WEEK WITH AN ENTITY IT IS
DIGITAL WORLD ACQUISITION
THAT IS PUBLICLY TRADED IF
THAT GOES THROUGH, THEN THIS
WILL BE AN EASILY VALUED
STAKE THAT PRESIDENT TRUMP
OWNS IN A PUBLICLY TRADED
ENTITY, THAT WOULD GIVE HIM
LIQUID HE COULD BORROW
AGAINST.
IF HE COULD BORROW AGAINST
THAT MONEY, IT -- HIS STAKE
AND HIS WORTH A COUPLE
BILLION, COULD HE JUST
BORROW AGAINST THAT AND NOT
NEED A BOND, IS HE ALLOWED
TO PUT UP, IF HE CAN GET
MONEY IN CASH AND DUMP IT IN
WITH THE COURT IS THAT
ALLOWED OR DUMP THE CASH
WITH ASSURITY COMPANY?
>> THERE ARE SPECIFIC
PROCESSEES TO BE FOLLOWED
WHETHER HIM PUTTING
CASH IN TOTAL OR ENOUGH FOR
A BOND.
THAT IS HIS PROBLEM RIGHT
NOW HE DOES NOT HAVE LIQUIDY
FROM A CASH BASIS.
AS OPPOSED TO THE GREAT
HOLDINGS HE HAS IN REAL
ESTATE, YOU CAN'T USE THAT
LEVERAGE TO GET THE BONDS.
I AM NOT READY TO COUNT HIM
OUT IN TERMS OF DIFFERENT
LEGAL OR BUSINESS STRATEGIES
HE COULD USE BETWEEN NOW AND
MONDAY TO POST THE BOND AND
HAVE HIS FULL APPEAL, EITHER
WAY THE APPELLATE ROAD IS
LONG AHEAD FOR HIM.
SEAN: TO ANDREW, QUICKLY, I
HAVE TO IMAGINE THAT THE
APPELLATE COURT DOESN'T LOOK
KINDLY ON DONALD TRUMP
EITHER.
AND SO, WE HAVE THIS
CONVERSATION ABOUT 8
AMENDMENT AND FEDERAL ROUTE
FOR APPEAL, YOU CAN DOUBLE
TRACK IT.
CAN HE APPEAL IN STATE COURT
AND FEDERAL APPEAL AS WELL
OR DOES HE HAVE TO EXHAUST
THE STATE APPEAL THEN GO
FEDERAL?
>> SHE WOULD HAVE TO EXHAUST
STATE APPEAL, I WOULD
IMAGINE HE WOULD MONDAY FILE
HIS APPEAL, IT WOULD BE
REJECTED BY THE COURT IF
THEY ARE STILL REQUIRING
THAT BOND.
-- THEN HE WOULD APPEAL TO
NEXT LAYER OF THE NEW YORK
APPELLATE COURTS TO COMPLAIN
THAT THE APPEAL SHOULD HAVE
BEEN CONSIDERED DESPITE THE
BOND, WHICH THAT IS REJECTED
THEN HE COULD HAVE HIS PATH
TO SUPREME COURT AS A DIRECT
APPEAL FROM THE STATE HIGH
COURT DECISION.
DAGEN: STEVE, IN TERMS OF,
THIS IS WHAT SOMEONE TOLD ME
WHO WORKED IN BUSINESS, THE
MESSAGE IS BACK THE WRONG
PERSON POLITICALLY AND THESE
PURECRATS GO AFTER --
BUREAUCRATS WILL GO AFTER
YOUR BUSINESS AND TRY TO
BANKRUPT YOU FOR YOUR OWN
POLITICAL GAIN, I AM
SURPRISED THAT MORE
BUSINESSES HAVE NOT SKI DAD
ELED FROM THIS HELL
HOLE.
>> THEY ARE DOING IT AT
RECORD PACE, NEW BUREAU CAME
OUT ON COUNTIES LOSING
POPULATION, A LOT OF THOSE
COUNTIES, AROUND NEW YORK
CITY ARE LOSING THEIR
POPULATION BECAUSE OF THE
ADVERSE VIEW THAT THE
POLITICIANS HAVE ON TRUMP.
BUT, HERE IS AN INTERESTING
THING TO TELL YOU, I WAS
FORTUNATE ENOUGH TO HAVE
DINNER WITH DONALD TRUMP
THURSDAY NIGHT IN
MAR-A-LAGO.
I JUST GOT TO TELL YOU, HE
IS UPBEAT AND CHARGING
FORWARD, MOST OF US WOULD BE
WILLING UNDER -- WILTING,
THEY WANT TO PUT HIM IN JAIL
FOR 550 YEARS AND HE IS
TALKING ABOUT GETTING THE
ECONOMY GOING AND MAKING
AMERICA GREAT AGAIN HERE, IS
LIKE A SUPERHERO THAT WAY
DEFLECTING FROM THE CRAZY
LUNATIC CHARGES AGAINST HIM,
THAT SAY REAL ADMIRABLE
FUTURE OF DONALD TRUMP.
SEAN: DONALD TRUMP IS A
UNIQUE CAT FOR SURE, HE
KEEPS CHARGES ON WITH A
GREAT ATTITUDE, ANDREW THANK
YOU FOR BEING WITH US, STEVE
STICK AROUND FOR A BIT.
WE HAVE MORE QUESTIONS FOR
YOU.
ANDREW THANK YOU.
>> AMERICANS ARE HITTING
POLLS, IN ARIZONA, FLORIDA,
ILLINOIS, KANSAS AND OHIO,
HOLDING PRESIDENTIAL
PRIMARIES.
DAGEN: IN OHIO, ALL EYES ON
SENATE PRIMARY.
SEAN: 3 REPUBLICANS RUNNING
FOR A CHANCE TO FACEOFF
AGAINST ONLY DEMOCRAT
SENATOR REMAINING IN BUCKEYE
STATE THAT SHARON BROWN.
DAGEN: BERNIE MORENO IS A
BUSINESSMAN BACKED BY
PRESIDENT TRUMP, AND JD
VANCE.
HE CAUGHT HEAT FROM TRUMP
FOR CHANGING TEAM'S NAME
FROM THE CLEVELAND INDIANS,
WAIT.
AND THE LAST ON THE LIST,
SECRETARY OF STATE FRANK LA
ROSE.
SEAN: TO ILLINOIS, CHICAGO
VOTERS DECIDING WHETHER THAT
I WANT TO CHANGE THE WAY
THAT REAL ESTATE IS
TRANSFERRED, OR TAXED.
AND PROPOSING A NEW MANSION
TAX.
DAGEN: KELLY SIBIRY IS LIVE
IN CHICAGO TO BREAK DOWN
THAT MANSION TAX.
REPORTER: WE SAW THIS HAPPEN
IN L.A., THEY IMPOSE THIS
TRANSFER TAX AFTER IT PASSED
BY 58% IN FOR PROPERTIES
OVER 5 MILLION, HERE IN
CHICAGO PEOPLE ARE VOTING ON
SAME GRADUATE THE TACK FOR
PLOPTY --
GRADUATED TAX FOR PROPERTIES
OVER 1 MILLION DOLLAR,
PROPOSE.
SO THAT SAY 20% DECREASE.
FOR SALES BETWEEN 1 MILLION
AND 1.5 MILLION, THE RATE
WOULD BE 10 DOLLARS FOR
EVERY $500 IN VALUE.
THEN OVER 1.5 MILLION, YOU
ARE LOOKING AT TAX
INCREASING TO 15 BUCKS FOR
EVERY 500 DOLLARS IN
PURCHASE PRICE, MAKING A 200
MILLION DOLLAR PROPERTY
TAXES INCREASE FROM 15
THOUSAND TO 60 THOUSAND,
SUPPORTERS TELL US IT COULD
RAISE 100 THOUSAND TO COMBAT
HOMELESSNESS IN THE CITY,
BUT THE OPPONENTS TELL ME
THIS IS NOT JUST THE BIG
SKYSCRAPERS THAT WE'RE
TALKING ABOUT.
>> THEY ARE CONCERNED ABOUT,
AND AREAS OF THE BLACK
COMMUNITY, WHERE THERE HAVE
BEEN SEVERAL PEOPLE SINCE
1980s WHO HAVE INVESTED IN
THAT AREA.
AND THEY OWN PROPERTY, THAT
ARE NOW WORTH OVER A
MILLION.
YOU KNOW THAT COMMUNITY WILL
SUFFER FROM THIS.
REPORTER: SOME OF THESE
ESTIMATES SAY THAT IS THERE
ABOUT 40 THOUSAND OF THESE
DIFFERENT BUSINESSES THAT OR
PROPERTIES THAT ARE OWNED BY
EVERY DAY HARD WORKING
PEOPLE IN CHICAGO.
DAGEN: THANK YOU, KELLY FOR
LAYING OUT THIS STUPID
IDEA.
COMING OUT OF CHICAGO.
>> FOR MORE, WE WELCOME BACK
STEVE MOORE.
YOU ARE THE SON OF CHICAGO.
YET OR TWO DAYS AGO WE WERE
TALKING ABOUT THE
REPARATIONS PUSH IN CHICAGO,
THEY WANT DESCENDANTS OF
SLAVES TO NOT PAY PROPERTY
TAXES, NOW A MANSION TAX,
PLAY OUT WHEN CHICAGO LOOKS
LIKE IF THEY HAVE THAT, WHAT
HAPPENS TO PEOPLE WITH
MONEY?
>> I MEAN, AS YOU KNOW THIS
IS HEARTBREAKING TO ME, I
GREW UP IN CHICAGO, I LOVE
THE CITY, IT IS ONE OF THE
10 GREATEST CITIES IN THE
WORLD, I AM BIASED.
BUT TO SEE WHAT SHAPED IN
THE LAST -- WHAT HAPPENED IN
LAST 5 OR 6 YEARS, AND A
YEAR AND A HALF AGO THE CITY
OF CHICAGO RESIDENTS VOTED
FOR A MARXIST FOR THEIR
MAYOR, HE IS A TRUE MARXIST,
HE BELIEVES TO
REDISTRIBUTION, AND SOCK IT
TO THE RICH, THEY ARE
LEAVING LIKE WE WERE TALKING
ABOUT KEN GRIFFIN HAD A
BUSINESS IN CHICAGO AREA,
EMPLOYED HUNDREDS OF WORKERS
WAS BIGGEST PHILANTHROPIST
IN THE CITY, HE PROVIDED
EVERYTHING FROM HOMELESS
SHELTERS TO SOUP KITCHENS TO
GIVING MONEY TO MUSEUMS
HUNDREDS OF MILLIONS.
HE IS OUT OF THERE.
BECAUSE OF THESE HIGH TAXES,
ANTI-BUSINESS ATMOSPHERE,
THE CRIME IN THE STREET AND
CHALLENGING WHICH HAS LOST
ITS LUSTER -- CHICAGO HAS
LOST ITS LUSTER, THE FOLKS
WHO LEAVING CHICAGO THEY MAY
GO TO WISCONSIN FOR GOODNESS
SAKE.
DAGEN: JUST HOW STUPID ARE
THE LIBERALS THEY PICK UP
THE IDEAS THAT HAVE FAILED
IN OTHER PLACES?
L.A., LOS ANGELES LOS
ANGELES IN 2022 DID THE
SAME THEM IT DID NOT RAISE
CLOSE TO REVENUE THAT THE
LEFTIES SAID IT WOULD.
BECAUSE THE RICH PEOPLE JUST
DIDN'T PUT THEIR PROPERTIES
UP FOR SALE.
AND SO, THE INITIAL ESTIMATE
FOR L.A. WAS THAT ALMOST A
BILLION WAS GOING TO COME
IN, IN NEW REVENUE IN A
YEAR, AND THEN IT TURNED OUT
IT WAS LIKE A 10TH OF THAT
MAYBE.
>> YOU ARE RIGHT.
SO, CALIFORNIA IS ANOTHER
EXAMPLE OF JUST SAD STATE OF
AFFAIRS IN AMERICA, WHAT IS
IT ABOUT THESE PROGRESSIVE
CITIES AND PROGRESSIVE
STATES, THAT ARE SUPPOSED TO
BE WORKERS PARADISES AND
EVERYONE IS LEAVING.
I DON'T KNOW IF YOU SAW THE
NEWS JUST IN LAST 24 HOURS,
THAT CALIFORNIA NOW HAS ONCE
AGAIN, A RECORD BUDGET
DEFICIT, THEY CAN'T BALANCE
THEIR BUDGET THIS STATE HAS
HIGHEST INCOME TAXES AND
HIGHEST PROPERTY TAXES AND
HIGHEST SALE TAXES AND
HIGHEST GAS TAXES.
AT SOME POINT YOU FIGHT
FIGURE OUT, MAYBE WE SHOULD
CUT TAXES AND PEOPLE WILL
COME BACK, CALIFORNIA, THEY
ARE NOW IN TEXAS AND
FLORIDA.
SEAN: STICKING ON THEME OF
BAD IDEAS FEDERAL RESERVE
HOSTED MARCH POLICY MEETS
PROGRESSIVES ON ON HOPE TO
PRESSURE HOME TO LOWERING
INTEREST RATES, SENATOR
BERNIE SANDERS AND ELIZABETH
WARREN JOINED BY 20 HOUSE
DEMOCRATS IN A LETTER
PUSHING POWELL TO CUT RATES,
ASAP, A DOUBLE ENDED SWORDS,
YOU WILL FEEL INFLATION AND
LOSE ONE WAY OR THE OTHER.
>> YOU BETTER BELIEVE IT.
I DON'T SEE THE CASE RIGHT
NOW SEAN FOR CUTTING THE
RATES, I WISH I COULD SEE IT
BUT I DON'T.
IF YOU LOOK AT COMMODITY
PRICES AND COLD PRICE AND
BITCOIN -- COAL PRICE AND
BITCOIN, WE HAVE NOT SLAIN
THE INFLATION DRAGON, WE
HAVE NOT, NOW THEY ARE
TALKING ABOUT MAYBE 2%
INFLATION SHOULD NOT BE OUR
TARGET, WE WILL RAISE IT TO
3% THAT JUST GIVING UP, I