06-15-26 Part Two - The 1 Trillion Dollar Man - Free Transcript | Red Eye Radio

A perfect following today.

Sonne. Park. picnic. And so many pollen.

Shoppapotik is said to go and have fun.

“Here you find everything in the world through the allergy time to come.”

As new customers spend 10% up to 35 euros. With the code 910. Do you have your time? Just go to shoppapotik.lbrunterladen and direct one. Good bye.

Good bye. Go to shoppapotik.com/goodshiner. Now. It's Red Eye Radio. Gary McNamara.

And Eric Hurley. Talk about everything from politics to social issues. And news of the day. Whether you're up late or you're just starting your day. Welcome to the show.

From the Relief Factor Studios. This is Red Eye Radio. All the cross America. We are Red Eye Radio. He is here.

I'm Gary McNamara. You know, at the World Cup going on. You know, everybody in the media is commenting on it in some way. And I did see. And I think this was a bogus.

I forgot who it was. And somebody posted an accident with somebody in the mainstream media saying. Yeah. He heard from a one person from Europe over here, you know, for the World Cup. And they said, well, Texas Dallas is just like Dubai, except the women have big hair.

What? Isn't that like 30 years ago? Yeah, the big hair. The big hair thing? Yeah.

Yeah. No. That's what I said. I don't see anyone with big hair. That's that's what I thought to myself.

That's not true. No, it's not true at all.

“And that was some of the responses going, what are you talking about?”

The big hair thing's been gone for a long time in Texas. Yeah. Yeah. No, it's no. We don't have.

I mean, there might be some holdouts from that era. You know, that kind of, you know, some people don't change their style. They just kind of. Some of the coogers that want to date me. I was talking about Brett Michaels from Poison when he comes in town.

But. So, and other ladies, but it's. No. Black and lawless from Wasp. I mean, there are a few.

But no, it's big hair. We don't have big hair. I know. I saw them. Okay, you're making that up.

Yeah. It's like you're throwing a stereotype. It's like, Dallas is like, Dubai, except with women with big hair. And I'm like, nobody ever said that. No.

No. And no. No. Yeah. You're late to the.

You're late to the soccer match. Yeah. All right. The whole Elon Musk thing. Because that was the thing that I found fascinating.

And I will tell you, one of the consistencies that. One of the things that I've been talking about since a very, very beginning. Of being in talk radio, which was 89. And it was really when the identity politics, you know, really came out.

Good people always, you know, the left saying that racism is the biggest problem.

And I've said for the longest time. No, it's not even back then. It's envy in jealousy. It's envy jealousy and selfishness. What it is.

Yeah. You know, people really don't walk around and they don't walk around in 2026. I believe that I am. Well, I mean, some of the left do.

“I believe that I am superior to you because of my genetics.”

Yeah. I tried that one time. It didn't work. Let me try that. I was seeing it to my wife.

Let me saw that works out. I am superior to all of you's. All of you's. All of you's. Because of my Irish genetics.

That's right. That's not so stupid. Well, I have to start with the fact that I'm Scottish. So that's not going to fly. But.

But I really, I mean, envy envy and jealousy and selfishness. To me are still the the the biggest bad character traits that that America has. Probably the world has human, you know, human society has. And I am so happy that the environment that I grew up in and what I was taught. It's something that I that I still look at.

In a sense of perverted all when I see people doing it. Yeah. People getting angry. Well, Elon Musk is a, you know, is a trillionaire. Because of the SpaceX IPO.

And I've never carried that envy.

I've never and I was thinking that over the weekend. I thought, you know, I've never never carried. I'll tell you this. I really, really, really wish I had that trillion dollars.

I'm not envy us.

That doesn't mean I'm envy.

No, no, he's Eric.

“No, he's bringing up a different bad character trait.”

Yeah. Yeah. It's not greed if you really want it. What? My eric logic.

But no, it's. I like it. It's time for eric logic. It's not greed if you really want it. And you want it for the money.

Café in your best form with the new Cuba 1 capsule machine from Chiebo. In every Cuba capsule you can get from special animals. For espresso, coffee cream or coffee grinder. The new Cuba 1 will show you the premium design, compact growth and small-scale price at 1920 Euro. Thank innovative press brew technology.

With every tassel, special aromatic cream. And there's the Cuba capsule machine in your Chiebo fiale and at Chiebo d.e. With these young young people, I don't respect them. Wow. And that's easy.

Of course, the taste is all automatic. Absolutely, I really don't like it. Hold it in your mouth, deep in your tongue, with the taste of it. So it's as a kid, I remember.

“I think my first thought I ever had this way was when we had moved to San Antonio.”

My parents bought their first house.

I didn't really pay attention to that. Dad had just come back from the Vietnam conflict. And we moved from North Texas down to San Antonio. And they just bought their first house. And then I started seeing, you know, dads drive by.

Dad had my dad had some cool cars, along the way. Not like Corvettes or anything. He bought a Carmen Guilla, which, by the way, I learned later. It's a pulse wagon. But no offense to Volkswagen fans or Carmen Guilla, fancy.

But it was a cool car to ride in, you know. I would see them with really expensive looking things. But my first thing would go, my first thing in my brain was, hey, what's that road map? I wonder what they did or do to get to that point. I had some friends, dear friends.

There were three brothers and their dad. And they lived in the Colisec, which was right next to our house at the top of the street. And their dad worked at a car dealership and was, like, the top salesman. He may have been the sales manager.

And he always carried, and they had just an average house.

They had the average cars. And he carried a water cache, like nobody's business. And I learned that a couple times because the brothers were squabbling. And I had been up there and I was eating lunch or breakfast with them or something. And he just pulls out this huge water cache and just says, well, shut up here.

I'll settle it. And then gives them all money. I was thinking, man, I should have gotten into that argument. I could have made out.

“But the whole thing is, I started thinking, and that's when I asked one of the brothers, what's your dad do for living?”

Because I thought, you know, build the road map, right? If those are things I want to accomplish. And it wasn't greed or envy. It was wait a minute. Somebody's doing something and this is possible to do.

And it related, it was happening right before my eyes. It related to me because it was friends or neighbors or things that I saw in my neighborhood. And I thought, I wonder. And I love the stories behind that. Even if I'm not going to copy their playbook and go the way they did.

It's like, okay, look at all the, it builds. I think your toolbox of in life of saying, look at all the things you do. Or can do, which goes back to what your dad told you, told you, look, learn to do everything. You know, get college, but also learn engineering. Learn to do every job.

You can. And have those, you know, skills, college trades, selling. Yeah, my father said all of it. Do all those and then the last one is something that you might want to do because it might be. You think it would be fun.

Right. Yeah. So you, but everything else. You made the wise choice of radio. You know, it has been the most secure business I've ever been in.

Well, you know, I can actually say that. You know, I mean, we're both seniors and we're still in the business. So we survived. What do you mean? I can't get out.

Right.

I want to get out. I can't get out.

I wonder if I'm going to wake up one day and remember, oh, wait a minute.

You know what? They fired me a couple of years ago. And I castanced this whole thing. Mealt. And just milling.

Yeah, exactly. And I just kept showing back up for work. I don't know if I've been in Portland office space. Yeah. They had fired him years ago, but continued to pay that.

So he kept coming in. But you know, when you said that about the, the, the, the car, that's the story of Chris Gardner from pursuit of happiness. Oh, yeah. That's the attitude. That was a map of two.

“He saw, he saw somebody with the car and he goes, what do you do?”

How do you get something like that? Said I'm a broker. Yeah. And, you know, but, but that movie, and I bet you he would even say it. You know, I'm sure, you know, being a billionaire as he is was, you know, you're looking to go,

Whoa, but to me, because he was a consultant on, you know, he actually had that cameo. Yeah. In the movie, watch by at the end when, when, when, what's his name? Will Smith. Will Smith.

Yeah. And his son is real son. Yeah. You know, walking down the street holding hand in hand. Yeah.

But he probably would say because it was really pushed in the movie. The beat scene. It was a day before he finds out whether he gets the job or not and he went out. He was able to get a hotel with his son, you know, instead of being homeless. Yeah.

And he sat out and he, you hear him as he's with his son, talking about all of his failures.

And I never ended up, you know, you know, you know, what I, you know, I always failed.

I never, you know, I never finished. I never, and the hope of of doing that. And then when he gets the job. Mm. And I've had that experience in my life because you think that sometimes the big experiences

in your life when you progress and attain something that there's going to be a party and all these people are going to be there. When actually it's a very individual experience that you, that you feel alone. And you're not really at that point sharing it when he memory walks out of the office. Yeah.

And then he drops something because he's so nervous and he walks down. He goes, this is happiness. And he walks out into the crowd. And he's just himself going like that. Yeah.

Did it, I did it, I did it. Yeah. You know, I actually got to this, you know, point. And it was just getting the job. Right.

And going where just getting the job. Right. He had, he had completed it. He worked his posterior off. Made huge sacrifice along the way.

And in, in, in order to get there and, and he did it. Right. And remember what did he say?

“From, oh, I remember he said, I learned a little tricks.”

I always loved this one that when he was making calls as the member who was the intern

for the broker, he never put the phone down. Right. Because it realized he could get like in a day like 20 more phone calls in. If he didn't set the phone back down and then pick it back up again. Right.

Yeah. And I, I just, to me, I really related to that part of the movie when he was told you got this. And I had a couple moments in my life, whether that happened to me. And you walk on and you're like, there's nobody there except yourself and you're like, Holy crap.

I did it. Yeah. I remember a couple moments in my career doing that. I mean, I remember living in my car. I was working in radio.

I had a job. I wasn't homeless. My, my home was a 75. I'm just starting and I was proud of that though. Now I didn't have children at the time.

I wasn't married. I didn't have children. And so it was different in that way. But I had a plan. And I realized, you know, I probably actually had an opportunity to rent and not probably I did.

Have an opportunity with at least one friend to rent a couch or rent a room. But it would have set back my goal. And I was saving up for this twoplex that was being renovated by the father or somebody I worked with. And it was going to be available on a certain date and it took longer than expected. But on the week and occasionally, I go get because I had money.

I go get a hotel room. And I felt like a millionaire. I felt like, hey, man, I'm living the life I'm doing things on my terms. And I was watching my bank account grow for what I needed because it wasn't just about having the money to move in. I had to have, I wanted several months worth of rent.

I wanted furniture, my own furniture. I wanted food. I wanted to stock the pantry. These are things. And it was just me.

There's nobody at no who makes nothing. It was a one bedroom duplex. Shotgun style duplex. One bedroom, one bedroom, one bath.

“And it's, you know, so I remember thinking,”

Well, if I rent a room from a friend in the meantime, that is going to negate everything here. And it would take me probably a year to get what I want, you know, to get to where I want to be.

I just remember feeling that and thinking, okay, this is the road I'm taking.

I didn't feel homeless. I didn't feel like a victim. I wasn't.

“I made a choice. Did you ever because I've never in my entire life?”

I never was jealous.

I never thought about what anybody else is doing.

I would think that it would be a waste of time. It was inspired to, to, to complain and sit there and say, this guy's a trillionaire. Well, how dare he be a trillionaire? And there's, it's like him being a trillionaire has no impact on my life.

And, and all unless I enlist in sex. And unless one of my mutual funds in my 401(k) invest too much money in there, which I hope they don't. Because again, that, you know, again, I look at that as we talked about last week. I said last week.

I don't know.

“Where's the return on the investment here, you know?”

It could be hype as what you're looking at it. Often with I was the first few months is real hype. Then you get into, okay, what's it actually doing? So we don't know. But I have a question to ask because I, why, why does the left think the way that they think on it will get to that coming up?

And even the populist, even the populist, even the populist Republican. Right. So you shouldn't have that kind of money. Oh, we shouldn't have trillionaires.

Billionaires up to 900 billion are okay, but it should be cut off here.

Yeah. That you and Elizabeth Warren now are agree on, on at least not the, not the volume of money, but you agree on a principle. On a cap, on the principle of a cap, we get to that. Why do they think that way coming up next? Brought to you by FPPF, fuel power max.

Smart owner operators make every single week as profitable as possible. One trip is not enough time to be considered profitable or unprofitable. And an entire month may be too much time to manage. One week is the right amount of time to deal with efficiently. To do so, look at the advantages and disadvantages of every day of the week.

Match trip length to the optimum day of the week. Plan to deliver on the day you have the best opportunity of getting a load. Your personal weekly plan will vary depending on the weekly delivery flow cycle of your region. Typical length of haul, personal requirements and other factors.

“What's important is to have a specific weekly plan that helps you be successful.”

Owner operator Business 101 is provided by Overdrive Partners in Business Program. Go to OverdriveOnLy.com to the partners in business section of the website for more details on this and many other topics. Throat you by Shell Rotella with advanced synthetic technology is designed to help keep you are rig running with more mileage and less maintenance. We'll be right back with more Red Eye Radio with every currently and Gary McNamara. You know, I just wonder because like I said, I thought on social media, we just unbelievable.

I mean, you know Elon Musk and even the mainstream media. In order, number one is we said, I never paid attention to what anybody did. In fact, I never did this for money. I really never thought about money in my life. I just wanted things I wanted to do.

And I just I never thought I did other things for money outside of this because I always wanted to do this. My wife and I have always had small businesses that we've done in investments that we've done knowing that this wasn't going to pay the bills. And you know, likely that, you know, that if we were going to build a retirement, we would have to. And we started doing that in right right after we got to go. And when I could make any money at all and I was so young, yeah, I did other things.

I was a machinist, you know, steel mill stuff like that for five years before I got back in. Yeah, but I just I never have ever spent one, I mean, I am now and it's just the reaction to everybody else.

But I've never spent one second even contemplating what anybody else is doing, whether they're a bit million air billion air trillion air.

If you're a thousand air, whatever, I just want to do what I wanted to do. And I started thinking, do people actually think that if Elon Musk is a trillion air, it is somehow taking money from the pot. They do. They do. And he is he's a bow guarding the money.

They're buying it. Exactly. They're buying into what the left says. They have all of this wealth. Well, first of all, they earned that wealth with the exception of that.

Powerball winner, you know, and out in California.

But they earned that wealth, okay.

“And beyond that too, there's not an infinite set of wealth or an infinite set of billionaires.”

Right. Now, what they want to do, and this is why the politicians or you mean infinite or finite. Yeah, did I say infinite? Yeah, there's not a finite set. Well, there may be an infinite amount one day, you know, all from SpaceX.

But no, there is not a finite set of money. There's not a finite set of billionaires. It comes and goes. In fact, Elon may not be a trillion air by years end, depending on how the stock goes. Right?

Yep. So that's how it works. [Music] Navigating the Bazarosphere, every night, every curly and gerry McNamara, I radio.

And he is a curly and I'm gerry McNamara. Hey, download our Red Eye Radio app. You can listen when and where you want. Listen to our podcast. Our podcast is a repeat of our show.

And thank you. You can listen to it during the day. Whatever you want. Whenever. Uh, yes.

I mean, I just, I thought that was, besides the, uh, M-O-E. It's good. No. M-O-U. M-O-U.

Yeah. The memorandum of understanding. Uh, with the Rand, the really thin thing that caught me on social media over the weekend was a whole Elon Musk thing, where it was just, it just came out immediately from from the Democrats and everybody else showing their envy their jealousy and their selfishness. And I just, and their, their lack of focus on what they can do in their own lives to make themselves better. Right.

Yeah.

I mean, it was just, it was amazing people, you know.

Well, but, but I work, uh, I work a job and I'm not like Elon Musk. It's like, what? Um, and I really, you know, you've got envy. You've got jealousy. You've got selfishness.

We know that. You've got, you know, that's, that's what drives class warfare. Yeah. We know that. I mean, when Bernie Sanders, the only thing that really came out of, uh, occupied Wall Street.

Hmm. Oh, did you hear what they're calling Dallas? I don't even know it because we're becoming much more of a bigger financial sector. Yeah. Yeah. What are they calling us?

Y'all street. Oh, no. I said that before. Oh. It was about a, it was a month or two ago.

“I didn't even, I never, I don't remember that.”

Yeah. I don't remember that. It's, y'all street. Yeah. Y'all street.

Yeah. I'm like, I'm like, yeah. It's like, I should read it with a week. I'm like, what are they talking about? I don't, I don't remember you saying that.

Yeah. Yeah, I did. I probably wasn't paying attention. No, what, no, you laughed, but you know, but yeah, well, because it was funny. I mean, I'm old.

It's funny because they, yeah. Well, and it wasn't, I don't think it was a pertinent to what we were talking about. It, it, what, I mean, it was related, but it wasn't the center focus of what we were talking about in that moment.

I, I just, I thought it was amazing.

Just the, the mindset of so many people, you know, in, in the United States. And you, you understand then when you see that, why the Democrats are party does what they do. You understand it. Yeah. Yeah.

You know, they're, they're hoping they're begging, you know, that the people that vote for them are completely ignorant as to how the world and economics runs. And they just go to their most base, wrong character traits of envy, jealousy, and selfishness. What it is. Yeah, it's down to it. Yeah, it is.

And you'll do anything to portray them as a victim and as we talked about with Occupy Wall Street. It was in Bernie Sanders came out and said, you can't make it in life because the billionaires got all the money.

“Yeah, I remember you and I getting that call from the UCLA student.”

Yeah. We said the same thing. I can, you know, I, I've got my college loans and everything else. And there's these billionaires out there as if they're evil. Yeah.

As if there's some correlation between you living the moral life of not paying attention to your finances and whether you get ever pay it back again. I'm going to be completely and totally irresponsible. I'm not going to think about the future and how much I'm getting. But I'm good that person who has made a ton of money through legitimate business, they must be evil. Yeah.

Right.

I just.

It's insane. It really is.

“Now, getting back to more economics here.”

Okay. I left like crazy.

Was this, this was yesterday.

Okay. Hmm. I thought I read it earlier. Wall Street Journal, the Kevin Worst Air begins at the Federal Reserve. Yeah.

Yeah. You know, you know, you don't think, well, here we go. But yeah, but this is great though because let me get to this here goes. His eventual reform list is long and all this is really good. This is good.

Reduce the balance sheet.

Review the Keynesian bias in its economic models.

Right. Yes. That's right. Keep the Fed out of fiscal policy and more.

“But his first priority and most important one is likely to be overhauling the way the Fed communicates.”

Few innovations since 2008 had been as counterproductive as the adoption of forward guidance as a policy tool. That means the Fed shares talking. Yeah. That officials came to believe that by giving investors a heads up on the central bank intentions for the short term interest rates, it can steer longer term rates and the economy as well.

But the constant yammering long policy statements press conferences after every Fed meeting nonstop speeches by Fed officials and above all the quarterly summary of economic projections has exposed how little the Fed understands about the economy and trapped officials into parent policies. So what's saying is, yeah, we need to shut up.

Right. Quit talking. You're exposing how much you don't know. It's hard to remember when the Fed was was not this talkative. Yeah, until the 1990s, the central bank cultivated an era of silence officials didn't even

release announcements when they adjusted their overnight policy interest rate. The Fed played down its periodic publication of limited economic forecast, which investors generally ignored. Officials started gradually started publishing statements of policy decisions. After 1994, a fuller explanation of their reasoning arrived under Alan Greenspan in 1999. But officials began explaining what became to be known as the balance of risks.

Whether they thought Titan are easing was likely to be more appropriate for the future. But I just find it interesting. It's, say, because of the short term analysis of the Fed shares. Yeah, that they showed how clueless they are. So they need to shut up and have less transparency.

So we don't know how their clueless list leads to their policy. Well, I mean, seriously. You know, that, that just becomes, it's, it's maddening to me. It's, it literally is short sightedness. And, and they, and, you know, they go back and forth and it is the blah blah blah blah blah blah.

Well, you know, the blah blah blah jabs and blah blah blah blah. Interest rates blah blah blah blah blah. And blah blah blah blah blah blah blah. Enflation blah blah blah blah. We think this, this is the problem.

With having the problem with a person being the former Fed chair. And then putting in your own person. What you have a problem with is the Fed. I have a problem with a Fed. But throwing your guy in, you know, for this president, thinking things are going to change.

And it's going to be vastly different than Jerome Powell, you're making it about the people. And not about the Fed.

The problem is in the methodology of the Fed.

And the fact that I agree with Rand Paul on this, we should be able to audit the Fed. They're not going to do that apparently. And it's, you know, again, it's madness because, Worse is not going to bring anything different. Well, but audit the Fed would be political anyway. Everything is tried.

“Well, the, it does, the only thing, yeah, the biggest concern there is that who audits.”

Oh, this would be an independent independent is nothing. You, you're, it's a word. There's, there is no true independent.

They're all the auditors are all going to have some agenda.

So yes, you're right.

“Speaking of that, I saw over the weekend.”

A couple of members of the House in Democrat and Republican.

I don't have the story in front of me. It just popped into my mind. Yeah. Have come up with the plan. Well, that addresses fixing social security.

Okay. I'm like, all right. What do they, what, what's their ideas there? There are no ideas. What they're saying is we need to, we need to put together a commission, a bipartisan commission to get mad.