Randi Rhodes Show 12-11-24
Update: 2024-12-11
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00:00:00
"We believe that all in our PhD comes to the magnificent pose-aid that is America's radio vegan,
00:00:13
true radio vegan."
00:00:14
"I have a dream in the day of the day of the day of the day of the day."
00:00:17
"Chages come to America, believe me, help is on the way."
00:00:20
"Not knock, who's there at the statement of your imagination?"
00:00:24
"What an erosion, turn it up, your mind."
00:00:27
"Ready?"
00:00:29
"They proposed a mega-merger between two of America's largest supermarket chains has been blocked by the courts."
00:00:35
"Kroger" had agreed to buy Albertson's for around $25 billion, but a pair of judges blocked the plan yesterday, and this morning Albertson says, "The deal is dead.
00:00:44
It's off."
00:00:45
"Excusing Kroger of failing to overcome government objections."
00:00:49
"Money watch Correspondent Kelly, O'Grady is with us now.
00:00:51
Kelly, what happened here?"
00:00:53
"What happened to you?"
00:00:54
"What happened to you?"
00:00:55
"We all care about our grocery prices, right?"
00:00:57
Kroger and Albertson's argued the proposed deal, which would have been the largest supermarket merger in history, is good for consumers.
00:01:03
Now, the two companies promised to pay for price cuts through expected cost savings.
00:01:07
They also argued it would expand customer choice by better equipping their stores to compete with giants like Walmart, Costco, Amazon.
00:01:14
But a federal judge and Oregon chose to temporarily block the deal, siding with the Federal Trade Commission, eight states, and the District of Columbia.
00:01:22
All of them argued the merger would reduce competition and worsen inflation.
00:01:26
They also said it would hurt employees, since the two companies would no longer be competing for labor.
00:01:30
Now, in a separate case, a judge in Washington State came to a similar conclusion, this time permanently barring the merger.
00:01:37
And remember, Kroger, Albertsons, they each operate more than 2,000 stores across 30 plus states and control other chains, like king supers and Safeway.
00:01:45
The FTC said in a statement, "The win protects competition in the grocery market."
00:01:50
Albertsons warned it might have to lay off workers and even close stores, though, with no deal.
00:01:55
Come on, everybody, come on.
00:01:59
So this is what we were talking about with regard to high food prices, when everybody was screaming and yelling about high food prices and elected a guy who was going to actually allow a merger monopoly to occur between two giant grocery retailers.
00:02:15
That would, and competition between the two giant grocery retailers.
00:02:22
Competition seems to have the effect of anybody.
00:02:26
Anybody?
00:02:27
Bueller.
00:02:29
Bueller.
00:02:30
Raising.
00:02:30
Lowering.
00:02:31
Lowering prices.
00:02:33
Lowering prices.
00:02:33
Right.
00:02:34
And so, smooth, holly.
00:02:37
So anyway, this is a good day.
00:02:41
This is a good day for people who eat.
00:02:43
Good day for people who buy groceries.
00:02:46
This is a good day for farmers.
00:02:48
This is a good day for union workers who work at these supermarkets.
00:02:52
This is a good day for people who did not realize.
00:02:55
Did not realize that Albertsons includes Safeway and Vons.
00:03:01
That Albertsons has 2,200 stores, yes, 2,200 stores in 34 states.
00:03:08
This is a good day for people who didn't realize that Kroger has 2,700 stores in about 20 states.
00:03:16
And has like a few shopping at, well, I don't shop at Kroger's, I shop at Harris Teter.
00:03:23
You're shopping at Kroger's.
00:03:25
Harris Teter is Kroger's, but I don't shop at Kroger's, I shop at Ralph's.
00:03:30
You're shopping at Kroger's because Ralph's, what a ridiculous name for a supermarket to make it sound like, whoo, like hurling.
00:03:39
I don't know.
00:03:40
You know, it's like, come for the Lysteria, stay for the, you know, the public bathroom.
00:03:45
I don't know, but anyway, that is owned also by Kroger Ralph's, Fred Meyer.
00:03:52
I don't shop at Kroger's, I shop at Fred Meyer, Fred Meyer is also Kroger's.
00:03:56
You see what I mean?
00:03:58
It's like the only independent one, well, they're not even independent, but like Piggly, Wiggly, the little, you know, on the side.
00:04:05
All right, so there's that.
00:04:07
But otherwise, we're talking about a monopoly for grocery stores and a judge blocked the Kroger Albertson's merger and it is a win for farmers, because here, check this out.
00:04:19
So let's say you're a farmer and you're growing corn, okay?
00:04:24
And you need to sell it and you would like to sell it to a grocery store.
00:04:31
Is there just the one?
00:04:33
Yeah, there's just the one.
00:04:35
So how do I negotiate?
00:04:37
You don't.
00:04:39
You don't.
00:04:40
They say this is what we're going to pay for corn.
00:04:42
You want to sell to us if you don't go to somebody else, screw you, the end of you.
00:04:45
Oh, you want to work here?
00:04:46
Or you're a union member?
00:04:47
Go someplace else.
00:04:48
We don't recognize the union, we're not a union shop.
00:04:52
But you were before the merger, yes, but we don't have to be now because we don't compete with each other anymore.
00:04:58
We are the monolith, we are the grocery store, we're the grocery store, it's like where the phone company doesn't anybody remember what a joke that was when we didn't have choices and one price.
00:05:13
It's kind of an amazing thing that they want to go back and buy back, I mean, to the gilded age.
00:05:20
Hello, that's right, that's where we're going.
00:05:23
We're going to the gilded age.
00:05:25
We're going where the very, very top elite families, the names that you will begin to know if you don't know them already, the musks, the teals, the endreesons,
00:05:36
the sacks, okay?
00:05:38
The families that own most of the wealth in this here country, they're going to tell you what you can and can't have.
00:05:45
And while we celebrate this victory as a victory for, not just us, not just performers, not just for workers, it is a victory for the Federal Trade Commission, the FTC,
00:05:55
which by the way, the merger won't exist, the grocery store won't exist, but neither will the FTC.
00:06:06
Coming, yes, the head of the FTC, who is somebody that the Trump billionaires hate, her name is Lena, okay?
00:06:16
She did a fabulous, fabulous job, yay her, for breaking up the ability for a grocery chain to become the grocery store,
00:06:26
the phone company, okay?
00:06:29
It's like Walmart, did it, right?
00:06:31
And they go, well, we can't compete against Walmart, I mean, you know, we have to have one come, it's so, but you know, listen, celebrate what you can and celebrate it when you can.
00:06:45
Just today, we actually had a victory, let's stop and do a smile, yes, these don't come so off it.
00:06:50
So, you know how there are all these grocery stores out there and the whole idea is they will compete with each other and keep surprises low.
00:06:56
We've known for a long time, in fact, they're only two.
00:06:59
I get to throw a lot of names, there's, you know, there's Shaw's and there's Star and there's Ralph's and there's Vons and there's just two companies that own the two.
00:07:07
And the two said, let's merge, right?
00:07:10
What could possibly go wrong?
00:07:12
Yes, we will be a unit company and I have to do nasty things like compete with each other on prices in these different markets.
00:07:19
The FTC, took them to court, said no, you can't do that.
00:07:23
And today, this is very day, the FTC won, go lean a con, go forces that say, we're going to keep some competition in this economy.
00:07:34
I celebrate that partly to remind everybody why it matters because blocking that merger means at least we still have some time.
00:07:43
A lot of time.
00:07:44
Yeah.
00:07:45
And that's really important and also to remind you, it is possible to do it.
00:07:49
And these regulatory agents, he's already have law, we don't have to pass laws.
00:07:54
We just have to get people into those places who have the courage.
00:07:59
And a con is one of those people who had the courage, she and a bunch of state attorney generals.
00:08:05
And again, this is where we're going to have to go looking for any sort of, you know, market regulation or decency or anti dumping or, you know, whatever it is that is about to be decimated because,
00:08:18
you know, the billionaires want it all and taking the funding away from people like the FTC, the federal, listen, you are most of them bitching about the federal trade commission and the securities and exchange commission.
00:08:30
Oh, yeah.
00:08:31
What could go wrong by getting rid of the securities and exchange commission when you have an incoming president who will be the very first president to ever own a publicly traded company.
00:08:40
I mean, why would you want a securities and exchange commission looking at him?
00:08:46
What?
00:08:47
He certainly doesn't.
00:08:48
You know, so we're about to see the end of all these regulatory agencies.
00:08:54
People in this audience will go, yeah, I don't want any regular until you go to the grocery store and allow for bread is eight dollars nine dollars.
00:09:05
You know how we look at the people in the Middle East, they're always lining up for bread, always lining up for bread and you wonder, how does that freaking happen?
00:09:13
How does that happen?
00:09:14
Why is there no bread?
00:09:15
You're about to find out is what it is.
00:09:19
Lena Khan, did you know that inside the FTC was a is, I should say, is until there isn't, but there is a bureau of competition to make sure there is some.
00:09:35
Now can you imagine Donald Trump, he owns Trump media, no publicly traded,
00:09:47
no SEC.
00:09:48
All things Randy at RandyRoads.com, go go for launch, speaking truth to power, the Randy Roads show.
00:09:56
What are the deal in how we've kept this democracy, this economy, this country on a fairly steady path for more than 200 years,
00:10:07
has been that those at the top, pay a little more in taxes, pay a little less rich than they otherwise might be, and everybody else at least gets a chance.
00:10:19
And what happens when you turn this into the billionaires run it all, is they get the opportunity to squeeze every last penny and look, we'll say it over and over,
00:10:29
violence is never the answer, this guy gets a trial who's allegedly killed the CEO of United Health, but you can only push people so far.
00:10:40
And then they start to take matters into their own hands.
00:10:43
Uh-oh.
00:10:44
That's not a good result.
00:10:45
Uh-oh.
00:10:46
That's not good.
00:10:47
Okay.
00:10:48
So yeah, this is kind of what's going to be more and more obvious to everybody, is that when you take Trump's cabinet and you add up like,
00:10:59
how much they're worth, and they're worth like, um, the whole bottom 50 percent combined, these people that he's hanging with, these people that he's giving awesome, awesome regulatory responsibilities to,
00:11:09
these people that he's choosing to, um, head up the SEC, uh, the securities in exchange, the people that won't divest themselves, by the way, neither will the president.
00:11:19
The president will not divest himself of a publicly traded company, which is responsible for half of his wealth.
00:11:25
But media is half of his wealth because it's a publicly offered stock and he owns most of it, but that is where all his money actually is these days because he's lost his ability to do a foundation,
00:11:39
a chair, can't even have a charity, can't have an organization, can't do, uh, mostly, anything that he did do.
00:11:47
And so now he's looking towards, uh, you know, the next griff, the next scam.
00:11:51
This is why his pick for the SEC is a guy who, uh, spent the last seven years, um, advocating for cryptocurrency, literally, this is something that Donald Trump said,
00:12:04
you, you know, he used to say that crypto was a fraud and it was a scam and it was just a way to, you know, get money off of, uh, un, uh, inform people, ill-informed people.
00:12:14
Um, and now, and now he's, uh, all about crypto.
00:12:18
So one of the things that he wants to do is, uh, you know, he, he owns this one company, uh, that, uh, has, it's a platform, I guess, for trading crypto.
00:12:28
I don't trade crypto.
00:12:30
I don't own crypto.
00:12:32
So I don't, you know, I don't, uh, visit his, uh, his, his crypto currency trading site, but it's a trading site, right?
00:12:41
And he, uh, security is an exchange commission, okay, it's, it's, it's, it's, okay.
00:12:46
And so if he has somebody sitting atop the securities and exchange commission, whose job it is, just in case you don't know exactly what it is they do, their job is to look for fraud,
00:12:58
their job is to look for insider trading, their job is to look for, you know, big drops are increases in this or that, uh, and then go find out, you know, what's moving the market.
00:13:07
Is it just, you know, a quarterly report?
00:13:09
Is it an annual report?
00:13:11
Is it an increase in market, uh, share?
00:13:13
Is it that they took over, you know, somebody else's market share?
00:13:17
Is it because there's, uh, subsidies that have been voted for for that particular, uh, company or interest, you know, uh, but here's the thing.
00:13:26
Trump media, which Donald Trump owns, which is a publicly traded company, does not disclose in its filings, basic performance numbers for truth social.
00:13:41
He just tells investors what he wants them to believe about it and says that it doesn't, and this is the quote, quote, it does not currently and may never collect monitor or report certain key operating metrics used by companies in similar industries.
00:14:02
He's saying he doesn't know how many users he has.
00:14:05
He's saying he doesn't know how many people downloaded the app truth social.
00:14:10
He's saying he doesn't know any of the fundamentals of a social media company while he's palin around.
00:14:18
What do you learn, Mosque?
00:14:19
Who does?
00:14:20
You know what I mean?
00:14:22
And so, um, pro public, uh, you know, I mean, if I were them, I, I, I, I would lawyer up is what I would do.
00:14:30
Pro public, uh, actually, um, interviewed and recorded some of the, um, desk tops, let's say, of people who work there,
00:14:41
uh, and they were showing them the internals on truth social.
00:14:45
They were showing them the dashboard, okay, the dashboard from 2022.
00:14:51
And it clearly showed the analytics of truth social.
00:14:54
It showed that the company monitored the number of active users.
00:14:59
It showed that the company monitored, um, you know, how, how much money it was making an ad revenue, how much it sold, what a spot sold for, it, it knows.
00:15:10
But he was telling his investors that they don't monitor.
00:15:13
They don't know.
00:15:14
Now that's what the SEC does.
00:15:16
It monitors these kinds of discrepancies when companies say they don't monitor their own internals.
00:15:22
And when it's clearly demonstrably false, the SEC can bring fraud charges, okay?
00:15:29
Now what is Donald Trump increasingly famous for?
00:15:32
That's right.
00:15:33
Trump University guilty of fraud, Trump organization, fraud, Trump, uh, foundation, charity, fraud.
00:15:41
We build the wall, ban and friend, fraud.
00:15:46
When I was ban and arrested, by the way, oh, that's right on a Chinese billionaire's yacht.
00:15:52
But they hate.
00:15:53
I mean, listen, it's, it's everything that they accuse others of doing is exactly what they do.
00:15:59
And now they want to do it on steroids.
00:16:00
They don't want anyone looking over their shoulder as they commit fraud, uh, in cryptocurrencies or they commit fraud and, and, and, you know, uh, selling stocks for companies that Donald Trump owns,
00:16:12
uh, I've never, and we've never had this just so you know, this is new.
00:16:17
Now we say there's nothing new under the sun.
00:16:20
Maybe somebody, uh, knows something I don't know, but I've never heard of a president of the United States.
00:16:26
He'll be the 47, and so it's not that big of a group of people, however, I've never heard of any of the 46, including him own a publicly traded company.
00:16:40
And still be president and not put it in a blind trust and not make somebody, you know, the conservative for, do you remember that big dog and pony show when he first came into office and he came out with, with all these documents and some woman who said she did all the due diligence and he doesn't own Jack,
00:16:55
he doesn't own anything, he can't profit off the presidency.
00:16:59
And then we found out he owns the, the, the old postal service he had opened it for a hotel and people wanted to favor, uh, curry favor with him.
00:17:06
They had to book entire floors of rooms at the, uh, Trump hotel in DC, which he since, you know, sold, I guess he didn't think he was going to be president again.
00:17:17
I don't know.
00:17:18
Maybe I'll buy it again.
00:17:19
And the idea that there isn't going to be any oversight at all and that he's hired every billionaire business man that he could find to rig the system for them.
00:17:34
Fraud is a nice word for stealing.
00:17:36
You know that, right?
00:17:38
I'm just glad that, you know, United Healthcare is an in the grocery business.
00:17:43
Can you imagine that?
00:17:46
They would deny you the bread, they, there wouldn't even be a price for bread.
00:17:49
You said, but I have money to pay for this bread.
00:17:51
We don't want your money.
00:17:52
Go away.
00:17:53
I mean, this is what they were doing to people before the ACA.
00:17:56
They were saying, oh, there is no amount of money.
00:17:59
You could pay us to ensure you, because you have had a pre-existing condition.
00:18:05
There is just no amount of money.
00:18:06
Can you imagine if companies like that come into the grocery business, please, uh, may have some more now, Merry Christmas,
00:18:16
bye, humbug.
00:18:18
We own the bread.
00:18:21
Oh, man.
00:18:26
Connect, just be to Randy, call 561-270-3844, 561-270-3844.
00:18:36
Hey, everybody, soon we'll all be Trump media, because it'll be the only media.
00:18:42
It's just like croakers and Alberts, and it'll be the grocery store.
00:18:46
One phone company.
00:18:47
You see what I'm saying here, I mean, this is really the, the, the gildered age.
00:18:51
It is coming where you had one owner of big oil, you had one owner of the mining companies, you had one owner for the, well, I think the railroads, uh, they had a couple, like you take east, I'll take west,
00:19:01
you take north, I'll take south, you know, it's like that.
00:19:05
But anyway, uh, independent media, it's going to be, uh, you know, hard to come by.
00:19:09
It just is.
00:19:10
So if you're, if you're somebody who likes the independence of media, meaning media that does not take any corporate dollars, media that does not take any political dollars, media that actually just reports and lets you figure stuff out.
00:19:26
And if you need to have it explained, it gets explained to you in, you know, sort of succinct kind of easy to, uh, digest why if that's your thing,
00:19:36
uh, donate now 877-378-8669.
00:19:40
That is the number for free speech TV in Denver, Colorado.
00:19:44
There are 16 people there around, sometimes we have like 17, sometimes 15, yeah, uh, who work there every single day to make sure all the shows you love get where you watch them.
00:19:55
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00:19:59
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00:20:12
So please support them by making a donation today.
00:20:15
You can do it at free speech.org if that's the way you like to communicate.
00:20:20
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00:20:30
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00:20:32
And uh, if you want to make a recurring, uh, that'd be wonderful.
00:20:35
That'd be really, really cool, uh, and, uh, you could turn it off that way too.
00:20:38
Same thing.
00:20:39
We use that link and, uh, you can do it, uh, anyway that suits you, anywhere you're comfortable.
00:20:43
And thank you very, very much.
00:20:45
All right.
00:20:46
So what we're about to, I mean, what do we have?
00:20:48
We have, uh, five and a half weeks now, five and a half weeks until the Gilded Age begins, until the deportation start.
00:20:56
And, you know, I'm not sure, you know, yesterday we had a caller who, who thinks, imagines that there's going to be 20 million all at once, but it was in the goal.
00:21:04
I think for the, uh, Trump administration is to deport a million people this year, this year.
00:21:10
And, um, just today, just today, uh, they have told us that the rule that protects people who are in safe harbors like churches and schools and hospitals is,
00:21:23
uh, no longer going to be respected.
00:21:27
It's no longer going to be the case, uh, they're going to have ice go into churches, they're going to have ice go into schools, they're going to have ice go into hospitals.
00:21:37
There is no place that, uh, they don't see ice going to help them locate people.
00:21:42
Now it's very fascinating that he says, uh, he's really going after criminals.
00:21:47
So, um, what criminals are, are you going to find in a school?
00:21:51
What criminal, I'm unless it's a school shooter.
00:21:53
In that case, please do go.
00:21:55
But, you know what I'm saying, like, like, what is the point of going into a hospital if you're only looking for criminals?
00:22:01
What is the point and what you're going to stop at the info desk and say, um, I'm here to visit any criminals that you have?
00:22:08
Do you know of any criminals?
00:22:09
Um, well, we saw a police, but they were, um, you know, working with the EMTs on a traffic accident.
00:22:15
I don't think that was, you know, maybe it was somebody that was drunk driving.
00:22:18
You want to go check that out?
00:22:19
You know what I'm saying, it's like so ridiculous, so ridiculous, but, um, all bets are off is basically what's going to happen to us and that includes the marketplace.
00:22:31
That includes where your dollars are currently invested.
00:22:35
If you're lucky enough to be invested, uh, through work or you have your own 401k or your day trader, whatever it is that you do, the marketplace is about to become really janky and hinky.
00:22:49
The marketplace is going to become a place where there is very little, if any oversight and the oversight is kind of used in a, um, punishing way.
00:22:58
Do you know what I mean?
00:22:59
In a punishing way, uh, it's going to be used against people who represent a threat to the billionaire crowd that are part of the Trump administration from my best guess.
00:23:11
Just looking at who he's choosing and what their area of expertise is.
00:23:15
He's picking a guy who has a reputation for abusing women and day drinking as the secretary of defense.
00:23:24
Now, why would you want that in your secretary of defense?
00:23:27
You know, wouldn't you want somebody who's, you know, been like, uh, uh, one star or a two star or three star in battle who has the respect of the troops?
00:23:38
You know what?
00:23:39
He wants Pete Hegseth, who is a weekend guy from, uh, Fox news weekend.
00:23:45
And he's got a really, um, questionable reputation about how he deals with women.
00:23:52
Now, I want to show you how this works real quick and, and I can sort of show you this way.
00:23:58
So Hegseth is a guy who is, um, in a, I'll just say inappropriate with women folks, okay?
00:24:06
He cheats on each and every one of his wives with the next wife, okay?
00:24:10
He did it with the second wife.
00:24:12