Episode Transcript
Transcripts are displayed as originally observed. Some content, including advertisements may have changed.
Use Ctrl + F to search
0:00
If you only have a four O One K,
0:02
you're not getting the most for retirement. Wait what?
0:04
Add a Robin Hood Ira on top then they'll
0:06
boosted by three percent. You can do that. and
0:08
if you transfer and any retirement account you get
0:11
three percent. On top of that are limits of
0:13
the match. No limit. Probably go get to the
0:15
biggest contribution Match Have any Ira on the market,
0:17
sign up for Robin Hood Gold at runway.com/boost by
0:19
April Thirtieth subscription fees apply. Investing involves rest three
0:22
percent. Match requires goal for one year from first
0:24
Match must be bi re for five years Match
0:26
on transfer subject to additional terms and conditions Robinet
0:28
Financial all team members I Pc. Ohio.
0:32
Ready for some quit mental health facts?
0:34
Let's go. Nearly two million Ohioans live
0:37
with a mental health condition In the
0:39
U S. More than fifty percent of
0:41
people will be diagnosed with a mental
0:43
illness in their lifetime. Depression is a
0:45
leading cause of disability worldwide, so why
0:48
are some of us still. Stigmatizing People
0:50
living with a mental health condition. When
0:52
we know all of this, let's listen
0:54
to the facts and beat the stigma.
0:56
Ohio. Challenge What you know about mental health at
0:59
the The. stigma.org. From. The
1:01
Ten To Fifteen Studio in Austin, Texas.
1:03
This is the jeff for Joe Ten
1:06
To Fifteen. Muscle Jail works fast and
1:08
last longer for your aches, pain, and
1:10
stiffness. Don't mask the symptoms. Get.
1:12
Real relief for ten to fifteen. So.
1:15
Do this good At ten to
1:17
fifteen.com That's the numbers. Ten to
1:19
fifteen.com you can get relief almost
1:21
right away. That's what's called ten
1:23
to Fifteen. It's relief. And Ten
1:25
to Fifteen minutes. Ten. To Fifteen
1:27
is all natural and founded by homeopathy mom
1:30
right here in Austin. Ten. To fifteen:
1:32
as odorless, it's graceless, these are high
1:34
impact for me. Those that are easy
1:36
to use and you'll love this one
1:38
Tube will last you for months. Go.
1:41
To the site, Go a Ten
1:43
to fifteen.com That's Ten To fifteen.com
1:45
Check it out. Read the reviews.
1:47
They're amazing. Try. One tube
1:49
and you'll be amazed. It's ten
1:51
to fifteen. The. Lifestyle: You want
1:53
the remedies you need. Everybody!
1:56
How does this sound? Try.
1:58
It out. so what you think. The
2:01
New Braunfels Chiefs. Good.
2:06
I'm gonna move in a little closer. The
2:09
San Marcos Chiefs. Round
2:12
Rock Chiefs. Maybe try
2:14
this. Huddo Texas.
2:18
The home of the three-time Super Bowl champions.
2:20
What do you think of that? Pretty good?
2:23
All right. Well there's a lot here, a lot to
2:25
unpack. Taxpayers
2:30
do a lot of dumb things. You
2:32
agree, let's rephrase that, you agree to
2:34
do a lot of dumb things. Unfortunately
2:37
I would say, and I'm an outlier
2:39
politically, nobody agrees with me, I get
2:41
that. Unfortunately, to me
2:43
at least, we don't talk
2:45
about nor
2:48
debate tax issues much
2:50
anymore at all. It really doesn't come up
2:52
much anymore. We sort of live in a
2:54
world of culture wars, so that's
2:57
all that's really talked about politically, not your
2:59
tax dollars. Some of
3:01
us, maybe one and a half percent of us, would
3:04
like to talk not at
3:06
all about culture wars and all about taxes,
3:08
but that's not the world. But
3:11
we do agree to do some pretty
3:13
dumb things with our tax dollars.
3:16
But there is nothing you
3:18
agree to do that's dumber than
3:22
building stadiums and arenas
3:24
for professional sports
3:26
franchises. That's the dumbest
3:28
thing the taxpayer does.
3:32
Arguably dumber than corporate welfare, but it
3:35
is a form of corporate welfare. It's
3:37
just the slimiest form of corporate welfare.
3:40
It's stupid on every level. Okay?
3:43
There is nothing more out of whack than
3:47
your money being
3:49
used. You agreeing to allow your
3:51
money to be used to build
3:53
a stadium for a billionaire ownership
3:56
group. It's completely out of
3:58
whack. It's dumb. Because,
4:00
and please understand this, you
4:03
get nothing in return. You
4:06
get nothing in return. Don't
4:09
ever listen to anyone. There's no data
4:11
that backs anybody up. And
4:14
I know we don't live in a world of data. I get it. I
4:17
get it. It's feelings and screaming. But there's
4:19
no data that backs you up that you get anything
4:21
in return. There's no jobs, nothing
4:23
about the economy. It's all bogus. You
4:27
get nothing in return. And
4:29
even if you dismiss that, what
4:32
you end up doing, and think
4:34
about this formula, how stupid it
4:36
really is, especially when it involves
4:39
rich people, you minimize their
4:41
risk, the owner's risk,
4:43
and you maximize their reward.
4:47
You've assumed almost all risk. They
4:49
get all the reward. If you build a park,
4:52
for example, right? Park
4:54
space. At least you can go. If
4:58
you build a school, you
5:00
put your money into schools. You're
5:02
providing skills. Now you could say maybe minimally, but either
5:04
way, I mean, it is a return on investment. The
5:07
investment is this. You're minimizing your
5:09
risk by building schools and paying for
5:11
public education because you're providing skills so
5:13
the next generation does not a drain
5:15
on you. That's the financial return on
5:17
that. Hate it all you
5:19
want if you want. But
5:21
there's something there. It's an investment there. You give
5:24
away your money to a
5:26
billionaire ownership group, you get zero in
5:28
return. You throw it
5:30
away. Why am I going
5:32
here? Well, for
5:34
one, the Super
5:37
Bowl champs are playing the we may
5:39
have to go card. And
5:43
whenever a pro franchise these
5:45
days plays the we may
5:47
have to leave card, guess
5:49
what city is mentioned right
5:52
away? Austin.
5:56
Yep. What?
6:00
You're ready for it. They. Will be mentioned.
6:04
In. Taken do whatever you want. Sin.
6:06
I guess I wasn't kidding that might want
6:08
to Said how you like the new brothels
6:10
Jeeps about hadow the home the three time
6:12
soup Superbowl champs. All that stuff. Play with
6:14
only one. Here's a quick tutorial on sports
6:16
economics. I'm.
6:19
In this case, the Nfl or I. Give
6:22
a quick overview how the how the money works,
6:24
how flows. Owning. An
6:26
Nfl franchise is is lucrative it one
6:28
time only Nfl franchise little bit liking
6:30
or are in owning farmland or something
6:32
and eighty would appreciate many times and
6:34
value but it would spin off much
6:37
cash. But. It does
6:39
now. Lots. Bomb. It's
6:41
a very lucrative business. The spinning off
6:43
a lot of cash business is better
6:45
than ever before. The investment is better
6:47
than ever before. There's no sign of
6:49
attorney backs. The. Media deals are
6:52
locked in. So. The
6:54
business is fantastic. Investment in the return
6:56
the best with his off the charts.
6:59
The. Reason: Owners. Want.
7:02
New stadiums and arenas. And.
7:06
Noise what they want them so often your area
7:08
is surely at some point you think wherever you
7:10
live, wherever you're from, you've you've dealt with us.
7:12
And it's a dumb thing to do. I
7:14
can't emphasize enough. it is idiotic thing to
7:17
do on. Your. Feelings aren't
7:19
worth it ever in any city
7:21
anywhere but. The. Reason
7:23
why. Every few
7:26
years. Wherever. You're from.
7:28
It comes up. Hey, we need a new arena.
7:31
Hey, we need a new state in. The reason
7:33
why they do that is because the revenue goes.
7:35
When there's a new stadium, think of it is
7:37
creating new inventory. And. That's the money.
7:39
Go straight to the owner's pocket. Tape.
7:43
That's. What goes straight to
7:45
the ownership groups? pockets? And.
7:48
It works like this: Media
7:50
Rights dollars. Platform. Dollars
7:52
which are giant in the Nfl. Twenty.
7:55
Billion. Thirty Two billion dollars to be exact.
7:58
Those. are split Ownership groups
8:00
split that money evenly. Now, it's a lot
8:02
of money. It's never been bigger, but
8:05
they split that. The merchandising, most
8:07
people don't even know this, the merchandising
8:09
is split as well. Again,
8:12
that business is good too. But
8:14
so they're looking for new ways, and you
8:16
can't blame them. Any one of us would
8:18
do the same thing, but they're looking for
8:20
new ways to put money directly in their
8:23
pocket. I don't want to split any money
8:25
with anybody. The way I can do that
8:27
is I get the stupid taxpayer led by
8:29
stupid, reckless politicians
8:31
who are nothing but ass kissers,
8:34
a bunch of Chamber of Commerce stiffs to tell
8:36
the public exactly what they want to hear
8:38
with no data to back them up, and
8:40
the foolish taxpayer will build me an arena
8:42
or stadium, and I'll use that money to
8:44
go straight to my pocket, and they get
8:46
nothing back. That's
8:48
the way it works. You
8:51
want to fight about it? Bring it. There's
8:54
nothing to back up the other side. So
8:58
they want the money
9:00
for parking. In
9:02
particular, they want the money for luxury suite
9:04
sales, food, alcohol, parking,
9:07
naming rights. The stuff
9:09
that goes directly into a local arena or
9:11
stadium is the money they want every so
9:13
often. They want a new one because they
9:15
need more. They need more. I need a
9:17
bigger suite. I need more suites. I need more
9:19
parking. I need more shiny stuff, and I get
9:22
somebody to buy it for me. Of course I'll
9:24
do it. It's money directly in my pocket. That's
9:27
kind of how they can—no, that
9:29
is how it works. So
9:34
they tell you, we need this. Everybody,
9:37
I don't care where you're from in a major
9:39
market, you've heard we need this or else. What
9:43
they're really saying is, I need
9:45
new and better and bigger stuff
9:47
to sell for me. That's
9:49
what that means. That's what it's code for. The
9:52
poor morons in San Antonio do it all
9:54
the time. They fall for it every single
9:56
time. They fall for it
9:58
when there's no team to fill the stands. stadiums because
10:01
the ownership groups will say we need this to make
10:03
it work. We need this or else we got to
10:05
go somewhere else where we'll get it. And
10:09
they, what they mean is I need
10:11
it because I need more
10:13
stuff for me to sell. So I can make
10:15
that money. Stadiums
10:17
don't create jobs. They don't think
10:20
it through. Think
10:23
it through what jobs you talking
10:25
about 12 weeks out
10:27
of the year to serve cokes and beer.
10:30
It's a part time job. They
10:32
don't create jobs at best, at
10:34
best. The only
10:36
way to spend this whole sales pitch about, Oh,
10:38
if you build, you know, we're going to create
10:40
some stuff. You're not creating anything. There's
10:43
money's not circulating because of somebody
10:45
serving beer. At
10:48
best they might drive the
10:51
stadiums and arenas might drive
10:54
food and beer sales nearby, but even
10:57
if you say, well, yeah, Jeff, that seems pretty
10:59
obvious. Okay. Taxpayer. You don't get anything back. They
11:01
don't give you free beer. Do they? You
11:03
don't have free parking. Get nothing in return. So
11:06
what that doesn't benefit you. The
11:09
taxpayer doesn't get anything in return. Okay.
11:13
Let's circle it back to central Texas.
11:16
Get ready to hear Austin mentioned.
11:21
I would guess probably the next three days, but
11:23
certainly the next couple of weeks before April seconds.
11:26
Uh, last time before you laughed this off and
11:28
say, wait, what? Yeah, it wasn't
11:30
that long ago that this came out of
11:32
nowhere when it started to be pretty clear
11:36
that understand sports
11:38
economics is really entertainment economics. And
11:40
there are very few markets in
11:42
this country with more disposable. Income,
11:46
more entertainment dollars being spent in
11:48
Texas. I'm pretty certain it's far
11:50
more lucrative to run a business in
11:52
Austin than it is in Kansas
11:54
city or San Antonio or
11:57
Buffalo. So.
12:00
It is what every ownership group
12:02
wants. Wait a minute. I
12:04
go there. I find somebody
12:07
to build me a stadium there. They got a
12:09
bunch of people that have the money to go
12:11
pay for sky boxes. There's a corporate presence there.
12:14
They're spending the money there, and there are
12:16
plenty of people with enough money to buy
12:18
expensive beer and parking. So
12:20
of course it's ideal, absolutely.
12:24
And I can talk about why it hasn't happened yet. Why
12:26
I don't think it'll happen again, but it's got to be
12:28
mentioned. I think it's time an NFL
12:30
franchise, in this particular case, which is the –
12:32
look, it doesn't matter how bad your team is,
12:34
you're making a lot of money. It
12:38
doesn't matter if you put anybody in the stands, you're making
12:40
a lot of money. It doesn't matter if anybody buys any
12:42
beer, you're still making a lot of
12:44
money. Other sports are
12:46
certainly not as lucrative. But last
12:48
time this came up, the Buffalo
12:50
Bills franchise, not exactly a
12:53
market like Austin, I think we can agree. The
12:56
Buffalo Bills ownership group, out
12:58
of the blue – I mean, who knew
13:00
where it was coming from? They wanted
13:02
a new stadium. And
13:05
they trotted out, you know what? Unfortunately,
13:07
we're just going to have to leave.
13:09
People of Buffalo, we got
13:12
to go. We got to go somewhere where we can
13:14
get a stadium because blah, blah, blah, blah, blah. And
13:17
then they floated Austin. Well, Austin
13:19
is an idea. Now, of course, that was
13:21
randomly floated, the
13:24
idea of moving to Austin, you know,
13:26
your new brothels bills, your
13:28
Sam Marcus bills, your Round Rock bills, you
13:30
know, that whole thing. That
13:34
idea was floated, and nobody knew anything about it.
13:36
Nobody had heard this. It had not been mentioned.
13:38
It had not been kicked around. It
13:41
was – even the mayor of
13:43
Austin said, I have no idea what they're
13:45
talking about. Now,
13:48
nobody had an idea what was going on, number one,
13:50
with the Buffalo Bills. Oh, by the way, they got
13:52
their stadium. Of course they did because
13:54
the taxpayer is foolish. Hey, I'm doing as much
13:56
as I can these days to lower my golf
13:59
scores, and I'm working. at it. A lot of you can
14:01
relate. And that includes not just good
14:03
equipment, but the best equipment for me. Whatever
14:06
your handicap, you want to improve your game, pay
14:08
close attention because you're about to hear me use
14:10
the term game changer a lot
14:12
and for very good reason. When
14:14
PXG says, nobody makes golf clubs like they do,
14:17
they're not lying. You may have
14:19
heard about the PXG Black Ops, the
14:21
driver that promises you don't have
14:23
to sacrifice distance for forgiveness. So
14:26
I had to try it. And yep, it's ridiculous.
14:28
Everything you hear is true. These drivers
14:30
are amazing. Here's the way PXG
14:32
works. So you know, you're getting the right fit
14:35
for you. You schedule a fitting and that's easy.
14:37
I just did it myself. There's a convenient location
14:40
near you all over the country. They're easy to
14:42
find and you set up a fitting. You
14:44
meet with a PXG expert. That's going to help
14:46
you find the right driver for you. The
14:49
process is simple. They'll help you find
14:51
the right length, weight, and everything you
14:53
need to make sure the driver is
14:56
perfect. The PXG Black Ops driver is
14:58
breakthrough in technology. Everything you
15:00
hear is true. It's unlike anything you've
15:02
ever tried. The science behind the
15:04
Black Ops driver, it's something
15:06
called MOI and the new advanced
15:08
material face technology. This makes the
15:11
Black Ops driver more forgiving. The
15:14
bottom line is you get three things you
15:16
want. More forgiveness, more
15:19
distance, no sacrifices. I
15:21
played a long time and trust me when I tell
15:23
you the PXG driver is a true game changer. You'll
15:25
be blown away. Learn more
15:27
and get free shipping on equipment
15:29
at pxg.com/Jeff Ward. That's
15:32
pxg.com/Jeff Ward for free
15:34
shipping on all equipment.
15:37
Do it now. Go to
15:39
pxg.com/Jeff Ward. The
15:42
market will always be up and down so
15:44
you need a safe haven. You need the
15:46
safe haven asset of silver. It's a tangible
15:48
asset and think of all the reasons why
15:51
silver will be in demand. Electronics, solar panels,
15:53
medical devices, the list goes on. Demand is
15:55
not going away. When uncertainty rises,
15:57
investors turn to precious metals and sell it.
16:00
as a hedge and right now the
16:02
silver to gold ratio is at record levels. Gold
16:04
is currently at an all-time high whereas silver is
16:07
50% below its all-time high.
16:09
It's time to own a tangible asset
16:11
so turn to CSN Mint. CSN
16:14
Mint has been providing US
16:16
Mint collectible coins and precious metals for
16:18
more than 20 years. You can trust
16:20
CSN Mint and build your
16:23
collection with confidence. Experience world-class
16:25
customer service and support with CSN
16:27
Mint. Every product you
16:29
purchase includes the original certificate
16:32
of authenticity or is certified
16:34
and graded by a third party to
16:36
ensure origin and purity. Whether you're
16:38
a seasoned investor or a passionate collector
16:40
you'll find a diverse range of products.
16:43
Check out CSN Mint's extensive catalog of
16:45
bars, coins and collectibles. You
16:47
can trust CSN Mint and build your
16:49
collection with confidence. If you're gonna
16:51
collect something it might as well be
16:53
money. Take advantage of a
16:56
deal right now. Go to CSN
16:58
mint.com backslash Jeff Ward and use
17:00
the promo code JeffWard to check
17:02
out to get a free silver
17:04
American Eagle. It's a $30 value with
17:06
a purchase of $75 or more. Again
17:10
go to CSN mint.com backslash Jeff
17:12
Ward and use the promo code
17:14
JeffWard to check out. I'm
17:17
an absolute wine nerd and I can tell
17:19
you there is no better wine selection, no
17:21
better prices than it specs wine
17:23
spirits and finer foods but it's not just
17:25
about the wine it specs. Specs
17:28
is your one-stop shop for
17:30
selection and savings on thousands,
17:32
yes thousands of wine
17:34
spirits and beer. Specs is a
17:36
four-time national retailer of the year
17:39
and here's something else you'll love about
17:41
Specs. Their team can steer you to
17:43
the right wine, beer or spirit at
17:45
the price that fits for you. Just
17:47
ask. If you want to step up
17:49
your cocktail game check out Specs
17:52
online.com. Go to Specs online.com for
17:54
recipes hand-picked by the
17:56
Specs Mixology experts wherever
17:58
you are. there's always
18:00
a specs near you. The
18:02
final location near you or
18:05
check out their amazing selections,
18:07
go to specsonline.com. If
18:09
you think CarMax offers the best deal
18:11
on your trade in, well check this
18:13
out, bring in your CarMax offer, whatever
18:15
it is, and Hannah Chevrolet will beat
18:17
it by $500, yes it's
18:19
that straightforward. Bring in your CarMax trade
18:21
in offer and Hannah Chevrolet will
18:23
give you $500 more. It's
18:26
easy money, why not do it? I
18:28
got a great deal on a car and Hannah Chevrolet and
18:30
I can tell you first hand the buying process
18:33
is informative, low pressure, and there's no upselling at
18:35
all. The price doesn't change a
18:37
cent from the very beginning. Hannah
18:39
Chevrolet has been operating this way for 81 years. Go
18:42
in, see the Hannah Chevrolet difference
18:45
yourself. Hannah Chevrolet will beat your CarMax
18:47
offer by $500. Get
18:49
the trade in to Hannah Chevrolet. Shop
18:51
Hannah from the very
18:54
beginning. Go to hannahchevyaustin.com.
18:56
That's hannahchevyaustin.com. Find
18:58
new roads. Foolish,
19:01
it's foolish. I believe it's close
19:03
to $2 billion. You've
19:05
completely minimized the risk of the owner.
19:07
The owner's not going to the bank
19:09
like you would have to do. No,
19:13
I found something far better. Oh,
19:15
you're gonna build it for me and then I'm gonna get to make
19:18
the money, thank you very much. Well
19:20
owner, do we get tickets? No, do we get beer? Not
19:22
at all. You get nothing in return, you can
19:24
buy a ticket if you'd like. So when
19:28
the Buffalo idea was floated from the ownership group,
19:30
nobody knew where it was coming from, first of
19:32
all. Second of all, they
19:34
were just playing politicians because
19:37
look, politicians by nature are sell out scum,
19:39
in my opinion. Why
19:42
you believe them, I have no idea. So
19:46
they were playing the politicians in New York
19:48
by using Austin as leverage. Now Austin as
19:50
leverage works really well. It worked in that
19:52
case, so don't be surprised when Kansas City
19:54
says, golly, I mean, got family in
19:56
Texas, I have Austin, it'd be a great place, I
19:59
mean, what a market. Yeah, Austin. You
20:01
can't, Kansas City can't compete with
20:03
Austin. Doesn't have the corporate
20:05
base, doesn't have anything close to what Austin has. So
20:08
don't be surprised if Austin is not used as
20:10
leverage again. Austin was used
20:12
as leverage that time even though Austin would have
20:14
said whatever man, we don't care. We're not doing
20:16
anything for Buffalo. You could care less about
20:18
the bills. It didn't matter.
20:21
It worked. It
20:23
worked because in many of these cities,
20:25
Kansas City probably maybe the most likely
20:28
one off of two Super
20:30
Bowl championships, chasing a third,
20:33
it matters to them. They're going to freak out
20:35
when they hear Austin. So don't
20:38
be shocked if and when
20:40
it's mentioned again. And
20:42
here's how it's going to work. It works the
20:44
same way every time. Just ask somebody from San
20:46
Antonio that's been dumb enough to fall for this
20:48
stuff. Yahoo
20:50
News is reporting it might be an idle threat but
20:52
it's a threat nonetheless. If the
20:54
Chiefs don't get an extension of the
20:57
sales tax that would finance a renovation
20:59
of Arrowhead Stadium, they might leave Kansas
21:01
City. See
21:05
where it's going? Chiefs
21:07
president Mark Donovan. You know the timing of
21:09
this is pretty interesting. Right? Fresh
21:11
off a Super Bowl, chasing a third,
21:13
people are feeling it. Yeah. I'm
21:17
not that surprised at the timing of this. The
21:20
Chiefs president is a guy named Mark Donovan. He
21:22
made it clear Yahoo reports if the upcoming public
21:25
vote fails, the Chiefs could leave.
21:28
He says it's really simple. These are
21:30
not new taxes and you can keep
21:32
both teams because one of the teams,
21:34
the Chiefs and the Kansas
21:36
City Royals. The
21:39
Chiefs have already mobilized enlisting players and
21:42
coach Andy Reed to contribute to a
21:44
video aimed at getting people
21:46
to approve the tax. What
21:49
happens if the April 2nd vote fails?
21:52
The president of the Chiefs says this, I
21:55
know that for us, the Chiefs, we'd have to look
21:57
at our options. So you can
21:59
like start. Start the clock on Austin,
22:02
Austin, Austin. Austin
22:05
called. No, he didn't. Would
22:08
those options include leaving Kansas City? I
22:11
think they would have to include leaving Kansas
22:13
City, but our goal here is
22:15
that we want to stay here in Kansas City.
22:17
It's the same script every
22:20
time this comes up around the country,
22:22
and I won't bore you with the
22:25
data, but it's been studied by good
22:27
economics departments, not sell-out politicians. These are
22:29
real numbers, real data, and the data
22:32
says it doesn't do jack financially for
22:34
the markets. It doesn't. Corporate
22:38
welfare doesn't work taxpayers. We've
22:41
been practicing corporate welfare at an obscene level
22:44
in the state of Texas for a long
22:46
time. All
22:48
it is is just a way for politicians to
22:51
suck up to somebody else. That's it. So
22:54
they'll get it. I would predict
22:56
they're not leaving. No
22:58
way. But I
23:01
mean, I think it's a ridiculous thing to
23:03
do. I think it's a ridiculous thing to
23:05
mention, but if I owned an asset like
23:07
that, any one of us would
23:09
probably do the same, and we would look around and
23:11
say, look, why would we run the risk? Why
23:13
would we go and spend the money? Why would we get
23:15
a bank loan? If those morons out there will pay for
23:17
it, let's just get them to do it. So
23:20
they're going to try, and
23:23
I suspect they'll be successful. They were successful in
23:25
Buffalo. I don't know what else is going on
23:27
in Buffalo. Not much, probably, but I got to
23:29
believe there's something far more
23:31
important to the taxpayer, the safety of
23:33
the taxpayer, the educational level of the
23:36
taxpayer, than buying an ownership group of
23:38
$2 billion stadium. Our
23:41
priorities are way out of whack. This
23:44
is going to be an interesting test because these are two of the
23:47
biggest stars in all of
23:49
sports, one of
23:51
whom dating is the biggest star on the planet. It
23:55
is a franchise chasing NFL
23:57
history. It's full of Hall
23:59
of Famer. They're famous on every
24:01
level, and what
24:03
happens when they play the Austin card? People around here
24:06
are going to get giddy, I guess, and
24:08
then in Kansas City and Missouri, they're going to
24:11
freak out. I believe the Chiefs will get what they want.
24:14
But if they, or let's play the game, because I
24:16
don't think this is the last time this is going
24:18
to come up. It's not even the
24:20
first, second, or third. But
24:23
if they or any franchise, I think the
24:26
more likely of the two to come here
24:28
would be the Kansas City Royals. If
24:31
they or any franchise wanted to move here, let's
24:33
just talk about the NFL for a second. Would
24:36
an NFL team come to Austin? I
24:39
mean, there are plenty that want to do it. There's
24:42
a basketball franchise that just played here this past
24:44
weekend. They would love to come here. They
24:47
will eventually. But would an
24:49
NFL team most
24:52
likely know? And I think there
24:54
are several reasons you can disagree all you want. There
24:56
are several reasons why the answer is no.
24:58
Remember, the Chiefs ironically started in Dallas. But
25:01
let's just say this thing all of a sudden, I
25:03
don't know, let's just pretend wishful
25:06
thinking that taxpayers care about taxes
25:08
and not culture wars. So let's
25:10
just for wishful thinking say there's
25:12
pushback in Missouri. I doubt it.
25:15
But let's just pretend that
25:17
the taxpayers say, man, screw
25:20
off. We got bigger
25:22
issues here. Go finance the thing yourself. We've
25:25
been filling that stadium for decades. You do
25:27
it, man. You fix it. It's your
25:29
problem, not ours. What if they did
25:31
that? What if? Just what if
25:33
there was a politician? I know that doesn't exist. I
25:35
know it doesn't. But a politician even said, a popular
25:37
politician in Missouri, I assume, went
25:39
with an R next to their name, said, no, no, no,
25:42
man, we can't do that. Look, we don't want you guys
25:44
to leave. We love your team. We can't
25:46
do that. We got other stuff. We got to
25:48
spend our money. Let's say that happened. Out of
25:50
the blue, all of a sudden, there was
25:52
a conscience. The market will
25:55
always be up and down. So you need a
25:57
safe haven. You need the safe haven asset of
25:59
silver. It's a tangible asset and think
26:01
of all the reasons why silver will be in
26:03
demand. Electronics, solar panels, medical
26:05
devices, the list goes on. Demand
26:08
is not going away. When uncertainty rises,
26:10
investors turn to precious metals as a
26:12
hedge and right now, the
26:14
silver to gold ratio is at record levels. Gold
26:16
is currently at an all-time high whereas silver is
26:19
50% below its all-time high.
26:22
It's time to own a tangible asset, so
26:24
turn to CSN Mint. CSN
26:26
Mint has been providing U.S.
26:28
Mint collectible coins and precious metals for
26:31
more than 20 years. You
26:33
can trust CSN Mint and build your
26:35
collection with confidence. Experience world-class
26:37
customer service and support with CSN
26:40
Mint. Every product you
26:42
purchase includes the original certificate
26:44
of authenticity or is certified
26:46
and graded by a third party to
26:49
ensure origin and purity. Whether
26:51
you're a seasoned investor or a passionate collector,
26:53
you'll find a diverse range of products.
26:55
You can trust CSN Mint's extensive catalog
26:57
of bars, coins, and collectibles. You can
27:00
trust CSN Mint and build your collection
27:02
with confidence. If you're going
27:04
to collect something, it might as well be money.
27:07
Take advantage of a deal right now. Go
27:09
to CSN mint.com backslash Jeff Ward
27:11
and use the promo code JeffWard
27:14
to check out to get
27:16
a free silver American Eagle. It's a $30
27:18
value with a purchase of $75 or more.
27:21
Again, go to CSN
27:23
mint.com backslash Jeff Ward
27:26
and use the promo code JeffWard to check out. This
27:29
episode is sponsored by Blue Chew. Guys,
27:32
boost your confidence and increase your performance.
27:34
Go to bluechew.com. That's bluechew.com. So
27:37
listen up. Blue Chew is a
27:39
unique online service that delivers the same
27:42
active ingredients as Viagra, Cialis, and Levitra,
27:44
but in chewable tablets and then a
27:46
fraction of the cost. You can take
27:48
them anytime, day or night, so you
27:50
can plan ahead. The process is simple.
27:53
Sign up at bluechew.com. Consult
27:56
with one of their licensed medical providers
27:58
and once you're approved, you'll your
28:00
prescription within days. The best part is
28:02
there is, it's all done online, no
28:04
visits to the doctor's office, no awkward
28:07
conversations, no waiting in line at the
28:09
pharmacy. Bluechoo tablets are made
28:11
in the U.S. and prepared and
28:13
shipped direct to your door in
28:16
a discrete package. It works. Discover
28:18
your options at bluechoo.com. So
28:20
here's a special deal for you. Try
28:23
bluechoo.com free. That's free when
28:25
you use the promo code
28:27
Jeff Ward at checkout. That's
28:30
J-E-F-F-W-A-R-D. Just pay the $5 shipping.
28:33
Do this now. Go to bluechoo.com.
28:35
Use the promo code Jeff Ward
28:37
and receive your first month free.
28:40
Visit bluechoo.com for more details
28:42
and important safety information. Bluechoo
28:44
sponsors this podcast episode. Would
28:49
it happen? No. I'm
28:52
changing a little bit on this. Reason
28:54
number one, it wouldn't happen here. I
28:57
don't care if it's New Braunfels because
28:59
I don't believe, well, I'll tell you the
29:01
reason why Austin will not be a NFL
29:04
city. But let's talk about the
29:06
suburbs. Could we get the New Braunfels chiefs? Could we
29:08
get the Round Rock chiefs, the Hutto chiefs, whatever it
29:10
would be, Seguin chiefs. There you go. That'd be cool.
29:13
Number one, Jerry Jones would push back.
29:17
There was a time when the Buffalo
29:19
thing was floated, I said, there is no
29:21
way Jerry Jones lets this
29:24
happen. Over his dead body,
29:27
an NFL franchise is 180
29:30
miles south of Dallas. No way, no
29:33
how. I'm backing off a
29:35
little bit, not
29:37
just because he's old and not that far from
29:39
death, but he'll push
29:41
back and he's one of the three most
29:43
powerful people in all of football, which means
29:45
he's among the most powerful cartel in the
29:47
world, football owners. He'll push
29:49
back and if he
29:51
pushes back, it doesn't happen. I don't
29:54
know that I believe anymore that he goes
29:56
to the mat and says, you do this,
29:58
commissioner, it's your head. of
30:00
this, other owners, you approve this and it's your
30:02
ass." I'm not sure he
30:04
goes that far anymore, but I think there's enough
30:06
pushback there. Number one, he stops it in its
30:08
tracks. Number two, the Texans will push back too.
30:13
Now the business is so good. Here's
30:15
why I'm sort of saying, I don't know if they'd
30:17
fight to the end over this. If somebody really, if
30:19
Kansas really wanted to be in Austin, I mean I'm
30:21
sorry, the Chiefs wanted to be in New Braunfels. And
30:26
I just kept pushing it. I don't know that
30:28
I'd buy anymore that the Texans and the Cowboys
30:31
would go to the mat and go to war over this, because
30:34
I just think the money is too big and too
30:36
good, that the argument could be
30:39
made, man, more money in Austin,
30:41
more, another lucrative market, not Kansas
30:43
City, not Buffalo, not somebody's, these
30:45
blue collar cities that are struggling
30:47
to make it. If you
30:49
go to the gold mine that is Austin, Texas, it's good
30:51
for all of us. I could see a case being made.
30:54
So I'm not quite sure they would
30:56
fight to the end. They
30:58
wouldn't like it on the front end, but if
31:00
they were convinced they could make more money, the
31:03
Texans and the Cowboys, because it's
31:05
such a good market, then they would
31:07
probably back off. But there's issues
31:09
one and two to get through. One, that
31:11
Jerry Jones, two, the Texans, three,
31:13
the taxpayer of Austin will not do
31:16
this. And I'm proud of that.
31:19
Not everything we do here is that great, but
31:22
no way. We don't need it. Don't care. Austin's
31:25
one of the few places where it'd be, meh, whatever,
31:28
got better stuff to do. The
31:30
taxpayer of the city of Austin, no way,
31:34
even if it's the chiefs, I would fight with
31:36
you and say no way. No
31:38
way. I
31:41
think there'd be a bigger push by
31:43
the Republicans at the state level than
31:46
there would the politicians in
31:50
Austin. I don't see Austin going for it.
31:53
I don't think Austin taxpayers need it, care about
31:55
it. Then move the
31:57
needle. Now, I do think there's a possibility in
31:59
the South. And
32:02
that's where this would go. That's
32:04
where it's going to be sold. That's where they're going to try to
32:06
convince people is in between
32:09
San Antonio and Austin. An
32:12
NFL stadium that serves San Antonio
32:14
and Austin, that might fly. Those
32:18
taxpayers are not proud of this, and I don't think
32:20
you should be proud of this either. I
32:22
think it would be dumb enough to go for it. I think
32:24
you would have this statewide pitch that
32:27
you would say, well, we're going to combine Austin
32:29
and San Antonio. And my gosh, look
32:31
at these giant markets. These cities are
32:33
growing together, so it makes sense anyway.
32:35
I do think there would be taxpayers
32:37
receptive to that. I think there would
32:39
be plenty of politicians receptive to that.
32:42
I do think it's a possibility. I do. I
32:45
don't think it's a tough sales pitch. I
32:47
think that would happen, actually. I don't
32:50
think that spot. Somewhere along
32:52
beautiful I-35, I'm sure. But
32:55
yeah, I think that pitch works.
32:58
Those taxpayers might do it. City
33:00
of Austin will not see a stadium downtown. You
33:02
will not see a stadium anywhere in the city
33:05
of Austin. Those taxpayers will not.
33:07
You get outside. The further you get outside, I
33:09
think the more likely it would be that it
33:11
might happen someday. Do
33:13
I think the Chiefs ultimately move here? I don't. Do
33:16
I think it's going to be mentioned? I do. Do
33:19
I think increasingly, whether
33:23
it's a Major League Baseball franchise or
33:26
an NBA franchise, i.e. the one down
33:28
the road, maybe an NFL
33:30
franchise, do I think increasingly this
33:33
area is mentioned? Absolutely. Yeah.
33:37
It'll happen one day. The suburbs
33:40
will be home of fill-in-the-blank
33:42
Major League franchise in addition to
33:45
Austin FC in the very
33:47
near future. I just
33:49
think in this case, the Chiefs are going to
33:51
use Austin as leverage to get
33:53
what they want, which will be another stupid
33:56
example of the taxpayer caving.
34:00
You're in the middle of mulching and about
34:02
four bags short. But your
34:04
toddler is asleep. You could wake her up, strap
34:07
her into the car seat. She's
34:09
crying, you're crying, everyone's crying. Why
34:12
do that to yourself when you could use Instacart to
34:14
go to Lowe's to get the mulch you need in
34:16
as fast as an hour. Who's
34:19
crying now? No one. Do it yourself, but
34:21
don't do it alone with Instacart and Lowe's.
34:23
Download the Instacart app or visit instacart.com to
34:25
get free delivery on your first order. Ten
34:27
dollar minimum, term supply.
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More