American radio and television Western drama series created by director Norman MacDonnell and writer John Meston
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Original Air Date: November 06, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc)Special Guests:• Lawrence Dobkin• Virginia Christine• James Nusser Editorial Supervisor:• John Meston Writer:• Marian Clark Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie by...
Westerns on a ThursdayFirst, a look at the events of the dayThen, The Tom Mix Ralston Straightshooters starring Joe “Curly” Bradley as Tom Mix, originally broadcast August 14, 1945, 80 years ago, The Mystery of the Vanishing Village. The village mysteriously returns as strangely as it had vanished. Followed by Frontier Town starring Reed Hadley, originally broadcast August 14, 1953, 72 years ago, Lady Luck. Packrat Scott has struck it rich and wants the town of "Scott's Diggings" to be famous. What he needs is a Chamber of Commerce and the help of Jerry Berry.Then, Gunsmoke starring William Conrad, originally broadcast August 14, 1960, 65 years ago, The Noose. A haunted drifter arrives in Dodge City, confessing to Marshal Matt Dillon that he has vowed to avenge his dead lover—by hanging the man responsible as soon as he admits guiltFollowed by Have Gun Will Travel starring John Dehner, originally broadcast August 14, 1960, 65 years ago, Extended Viva. Paladin and his Indian friend continue their efforts to transport an organ across a war zone. BONUS-Blackstone, the Magic Detective starring Edwin Jerome as Harry Blackstone, originally broadcast August 14, 1949, 76 years ago, The Accusing Corpse. A dead body rises from her coffin and points to her killer! Blackstone explains "The Riddle Of The Three Jacks."Finally, The Couple Next Door starring Peg Lynch and Alan Bunce, originally broadcast August 14, 1959, 66 years ago, A Busy Day in London. Thanks to Laurel for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamIf you like what we do here, visit our friend Jay at http://radio.macinmind.com for great old time radio shows 24 hours a day
Westerns on a TuesdayFirst, a look at the events of the dayThen, Tales of the Texas Rangers starring Joel McCrea, originally broadcast August 12, 1950, 75 years ago, The Broken Spur. The story is based on the events of May 22, 1947. The Rangers track down the killer of a ranch family, starting with a clue in the hog feed! Followed by Gunsmoke starring William Conrad, originally broadcast August 12, 1956, 69 years ago, Snakebite. Gorman and Hicks arrive in Dodge and promptly kill Pony Thompson's dog. Gorman is then found knifed in the back. Then, Fort Laramie starring Raymond Burr, originally broadcast August 12, 1956, 69 years ago, Assembly Line. Indian Agent Lack is expecting an uprising...and for a very good reason.Followed by Challenge of the Yukon starring Paul Sutton, originally broadcast August 12, 1951, 74 years ago, Ambush in Bellary Flats. Finally, Lum and Abner, originally broadcast August 12, 1942, 83 years ago, Baby is Heir to Gold. Squire Skimp's report reveals that the baby is the owner of a gold mine!Thanks to Laurel for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamIf you like what we do here, visit our friend Jay at http://radio.macinmind.com for great old time radio shows 24 hours a day
Original Air Date: October 30, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc)Special Guests:• Barney Phillips• Harry Bartell• Vic Perrin• Lawrence Dobkin• Sam Edwards Editorial Supervisor:• John Meston Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie...
Original Air Date: October 30, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc)Special Guests:• Barney Phillips• Harry Bartell• Vic Perrin• Lawrence Dobkin• Sam Edwards Editorial Supervisor:• John Meston Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie...
Original Air Date: October 23, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc)Special Guests:• Jeanne Bates• Barney Phillips• Harry Bartell• Vic Perrin Editorial Supervisor:• John Meston Writer:• Marian Clark Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the...
Super Sized Drama on a SaturdayFirst, a look at this day in History.Then, Quiet Please starring Ernest Chappell, originally broadcast August 9, 1948, 77 years ago, The Thing on the Forble Board. A creature from beneath the earth climbs up an oil well pipe to the surface. Followed by The Screen Directors Playhouse, originally broadcast August 9, 1951, 74 years ago, Wuthering Heights starring James Mason and Dorothy McGuire. Emily Brontë's classic tale of obsessive love and revenge on the Yorkshire moors. It focuses on the doomed romance between the headstrong Cathy and the brooding Heathcliff, touching on their deep emotional bond, Cathy's eventual marriage to another man for social status, and Heathcliff's return, driven by bitterness and a desire for retribution.Then, Have Gun Will Travel starring John Dehner, originally broadcast August 9, 1959, 66 years ago, Finn Alley. Miss Wong (Virginia Gregg) has been kidnapped. Paladin gets shanghaied when he visits the Barbary Coast! Followed by Gunsmoke starring William Conrad, originally broadcast August 9, 1954, 71 years ago, Joe Phy. "Marshal" Joe Phy is running the town of Elkader with an iron fist, until Matt Dillon comes to town! Finally. The Couple Next Door starring Peg Lynch and Alan Bunce, originally broadcast August 9, 1960, 65 years ago, Owl in the house. Thanks to Richard G for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamFind the Family Fallout Shelter Booklet Here: https://www.survivorlibrary.com/library/the_family_fallout_shelter_1959.pdfhttps://wardomatic.blogspot.com/2006/11/fallout-shelter-handbook-1962.html
Air Date May 10 1952Send us a textSupport the show
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Gunsmoke 1955-10-16 Trouble in Kansas
pWotD Episode 3016: Burt Reynolds Welcome to popular Wiki of the Day, spotlighting Wikipedia's most visited pages, giving you a peek into what the world is curious about today.With 143,888 views on Monday, 4 August 2025 our article of the day is Burt Reynolds.Burton Leon Reynolds Jr. (February 11, 1936 – September 6, 2018) was an American actor most famous during the 1970s and 1980s. He became well known in television series such as Gunsmoke (1962–1965), Hawk (1966) and Dan August (1970–1971). He had leading roles in films such as Navajo Joe (1966) and 100 Rifles (1969), and his breakthrough role was as Lewis Medlock in Deliverance (1972).Reynolds played leading roles in financial successes such as White Lightning (1973), The Longest Yard (1974), Smokey and the Bandit (1977) (which started a six-year box-office reign), Semi-Tough (1977), The End (1978), Hooper (1978), Starting Over (1979), Smokey and the Bandit II (1980), The Cannonball Run (1981), Sharky's Machine (1981), The Best Little Whorehouse in Texas (1982) and Cannonball Run II (1984), several of which he directed. He was nominated twice for the Golden Globe Award for Best Actor in a Motion Picture – Musical or Comedy.Reynolds was voted the world's number one movie actor from 1978 to 1982 in the annual Top Ten Money Making Stars Poll, a six-year record he shares with Bing Crosby. After a number of box-office failures, Reynolds returned to television, featuring in the situation comedy Evening Shade (1990–1994), which won a Golden Globe Award and Primetime Emmy Award for Outstanding Lead Actor in a Comedy Series. His performance as high-minded pornographer Jack Horner in Paul Thomas Anderson's Boogie Nights (1997) brought him renewed critical attention, earning the Golden Globe Award for Best Supporting Actor – Motion Picture, with nominations for an Academy Award for Best Supporting Actor and a BAFTA Award for Best Supporting Actor.This recording reflects the Wikipedia text as of 03:06 UTC on Tuesday, 5 August 2025.For the full current version of the article, see Burt Reynolds on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm standard Russell.
Original Air Date: October 16, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc)Special Guests:• John Forkum• Jess KirkpatrickEditorial Supervisor:• John MestonProducer:• Norman MacdonnellMusic:• Rex Koury Exit music from: Roundup on the Prairie by Aaron Kenny https://bit.ly/3kTj0kK
Original Air Date: October 09, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc)Special Guests:• Vic Perrin• Lawrence Dobkin• Barney Phillips• Harry BartellEditorial Supervisor:• John MestonProducer:• Norman MacdonnellMusic:• Rex Koury Exit music from: Roundup on the Prairie by Aaron Kenny https://bit.ly/3kTj0kK
Buffalo Man
Westerns and Comedy on a TuesdayFirst, a look at the events of the dayThen, Gunsmoke starring William Conrad, originally broadcast July 29, 1956, 69 years ago, The Lost Rifle. A young boy is found at the scene of a murder. It seems obvious that Ben Tipper, who hated the dead man, is the killer. Followed by Fort Laramie starring Raymond Burr, originally broadcast July 29, 1956, 69 years ago, Nature Boy. The Quiring family has come to the fort. The strangest trio ever to arrive on the western plains. Then Tales of the Texas Rangers starring Joel McCrea, originally broadcast July 29, 1950, 75 years ago, The Trigger Man. The story is based on the events of June 5, 1948. A dead man found in a burned-out house, a broken spur, and a fat man with small feet!Followed by George Burns and Gracie Allen, originally broadcast July 29, 1940, 85 years ago, Kiddie Party. George and Gracie are going to a "kiddie party" at the Cocoanut Grove. Finally, Lum and Abner, originally broadcast July 29, 1942, 83 years ago, Letter by Carrier Pigeon. Cedric has gone into the carrier pigeon business, so Abner sends a letter about the coat of arms to the man who placed the ad in the newspaper.Thanks to Laurel for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamIf you like what we do here, visit our friend Jay at http://radio.macinmind.com for great old time radio shows 24 hours a day
Original Air Date: October 02, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Lynn Allen• Sam Edwards Editorial Supervisor:• John Meston Writer:• Marian Clark Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie by Aaron...
Original Air Date: September 25, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Harry Bartell• James Nusser Editorial Supervisor:• John Meston Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie by Aaron Kenny https://bit.ly/3kTj0kK
Drama and Westerns on a Saturday First, a look at this day in History.Then, Have Gun Will Travel starring John Dehner as Paladin, originally broadcast July 26, 1959, 66 years ago, The Wager. Paladin accompanies a couple to Silver City to protect them from attempts on their lives. But it seems Paladin's been paid to kill for sport!Followed by Gunsmoke starring William Conrad, originally broadcast July 26, 1959, 66 years ago, Old Beller. The sad story of the best lead steer in Kansas, and the plan of Ab Slate to cownap him.Then, Escape, originally broadcast July 26, 1953, 72 years ago, The Notebook. A story about claim jumpers and a pack of wolves in the old West.Followed by Mr. District Attorney starring David Brian, originally broadcast July 26, 1953, 72 years ago, The Case of the Living Dead Man. A bank embezzler decides to fake his own death but makes a careless mistake.Finally. Dear Adolf, originally broadcast July 26, 1942, Letter from an American Soldier starring William Holden. Private William Holden, as an American soldier, reads his letter to Hitler. Thanks to Richard G for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamFind the Family Fallout Shelter Booklet Here: https://www.survivorlibrary.com/library/the_family_fallout_shelter_1959.pdfhttps://wardomatic.blogspot.com/2006/11/fallout-shelter-handbook-1962.html
Gunsmoke 194x-xx-xx Vance Tover
Westerns on a TuesdayFirst, a look at this day in History.Then, Fort Laramie starring Raymond Burr, originally broadcast July 22, 1956, 69 years ago, Spotted Tails Return. Spotted Tail has suddenly moved off the reservation with his whole tribe. Captain Quince and sixty troopers ride out after him to find out why. Followed by Gunsmoke starring William Conrad, originally broadcast July 22, 1956, 69 years ago, Lynching Man. Hank Blennis is found lynched, and Charlie Drain is determined to punish the killers. Then, The Roy Rogers Show, originally broadcast July 22, 1954, 71 years ago, The River of No Return. Roy and his companions navigate treacherous rapids and face off against outlaws threatening a nearby frontier town and rescue a stranded damsel in distress. Followed by Tales of the Texas Rangers, starring Joel McCrea, originally broadcast on July 22, 1950, 75 years ago, on Apache Peak. The story is based on the events of October 4, 1949. A hitchhiker murders a New Yorker and steals his car and clothes. Finally. Rosemary, originally broadcast July 22, 1946, 79 years ago. Rosemary and Brad have arrived at New York City's Penn Station. Bill is trying to find Audrey Roberts and his young daughter. Meanwhile, Bill continues to suffer from amnesia. Thanks to Richard G for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamFind the Family Fallout Shelter Booklet Here: https://www.survivorlibrary.com/library/the_family_fallout_shelter_1959.pdfhttps://wardomatic.blogspot.com/2006/11/fallout-shelter-handbook-1962.html
Gunsmoke || (017) The Lynching || August 16, 1952Plot: Marshal Dillon tries to get proof of the guilt of the leader of a lynch mob. Billy Saxton was hung for being a murderer, without benefit of trial.: : : : :My other podcast channels include: MYSTERY x SUSPENSE -- SCI FI x HORROR -- COMEDY x FUNNY HA HA -- VARIETY X ARMED FORCES -- THE COMPLETE ORSON WELLESSubscribing is free and you'll receive new post notifications. Also, if you have a moment, please give a 4-5 star rating and/or write a 1-2 sentence positive review on your preferred service -- that would help me a lot.Thank you for your support.https://otr.duane.media | Instagram @duane.otr#dramaclassics #oldtimeradio #otr #radiotheater #radioclassics #luxradio #cecilbdemille #gunsmoke #oldtimeradioclassics #classicradio #crimeclassics #duaneotr:::: :
Original Air Date: September 18, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Jeanne Bates• Virginia Christine Editorial Supervisor:• John Meston Writer:• Marian Clark Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie by Aaron...
It's a double-feature from Classic Radio Road Show, performed before a live audience. Gunsmoke represents the rarest of phenomena in the annals of radio and television. It not only ran for decades, but it also introduced to the public a cast of characters that gradually took on mythic proportions and forever became part of the popular consciousness. SuZanne and Gabor Barabas, the authors of the preeminent book on the history of both the radio and television versions of Gunsmoke, were on hand at this live performance to talk afterward about the series and answer questions. Frontier Gentleman was one of several "adult westerns," along with Gunsmoke and others, that appeared on radio and television in the early 1950s. The genre was described as "grittier, more realistic", and clearly intended for an older audience. Cast of Gunsmoke: Elaine Steelman as Kitty Marcia Finn as Edna Michael Bürgi as Chester Brian Hotaling as Mitt Dillon Anthony Aversano as Doc Duane Noch as Hans Gruber Sheldon Fallon as Mr. Jonas Cast of Frontier Gentleman: Michael Bürgi as Announcer and C.B. Brian Hotaling as Kendall Marcia Finn as Black Anthony Aversano as Charlie Duane Noch as Beljoy Sheldon and Roberta Fallon as Mr. & Mrs. Willis Laurie Noch as Mercy Day Elaine Steelman as Mrs. Beljoy
Drama on a Sunday from 67 years agoFirst, a look at this day in History.Then, Frontier Gentleman starring John Dehner, originally broadcast July 20, 1958, 67 years ago, Jesse James Robs Kendall. Five holdup men outside Laramie, Wyoming Territory, and Kendall's attempt to have them arrested. Followed by Gunsmoke starring William Conrad, originally broadcast July 20, 1958, 67 years ago, Marshall Proudfoot. Chester's father is in Dodge to visit his father...the Marshal! Then, Yours Truly Johnny Dollar starring Bob Bailey, originally broadcast July 20, 1958, 67 years ago, The Mojave Red Sequel Matter. Suspicion falls on Red, the fishing guide. Followed by Somebody Knows, originally broadcast July 20, 1950, 75 years ago, The Unsolved Murder of Joseph P Bohanak. On April 10, 1950, the attendant at a Philadelphia gas station is murdered during a robbery. Or, perhaps the killer had a reason to shoot Bohanak several times. CBS offers a $5000 reward to anyone helping to solve the crime. Finally. Lum and Abner, originally broadcast July 20, 1942, 83 years ago, Who Will Keep the Baby? Lizabeth plans to raise "Little Charlie." Lum plans to raise "Little Lum" in the feed room!Thanks to Richard G for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamFind the Family Fallout Shelter Booklet Here: https://www.survivorlibrary.com/library/the_family_fallout_shelter_1959.pdfhttps://wardomatic.blogspot.com/2006/11/fallout-shelter-handbook-1962.htmlAnd more about the Survive-all Fallout Sheltershttps://conelrad.blogspot.com/2010/09/mad-men-meet-mad-survive-all-shelter.html
Original Air Date: September 11, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Harry Bartell• Lynn Allen• Vic Perrin• Bartlett Robinson Editorial Supervisor:• John Meston Writer:• Frank Paris Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on...
Patrick threads through cultural questions about Disney fatigue, the surprising streaming stats of Gunsmoke, and the endurance of classic TV, weaving in Mike Rowe on the urgency for trades as tech transforms jobs. The episode weaves callers’ real-life faith, parenting, and ethical dilemmas, while Patrick fields everything from baptism validity to feng shui for nurseries and warnings about dubious online miracle prayers, keeping the conversation unpredictable and lively throughout. Audio: Jerry Seinfeld on Marcus Aurelius (02:12) Steve Miller Band cancels all tour dates due to bad weather (04:59) 50-year-old ‘Gunsmoke’ Reruns More Popular than Disney’s Star Wars/Marvel Trash (08:40) Mike Rowe: We need 500,000 welders, plumbers, and electricians (18:01) Christine - How can I avoid liberal Catholic schools? (28:19) Todd - Gun smoke did have an 'A' list Star. Kurt Russell was on when he was a kid. (35:34) Linda - My Grandchildren are getting baptized in a non-Catholic Church. Is that a valid baptism? (37:27) Billy (email) - A priest told me the other day that God loves us unconditionally, but he damns us to hell if we don’t love him back. How is that unconditional? (40:11) Shannon - Is feng shui compatible with Catholics? (43:41) Bob - Can I do tai chi for health purposes and to lose weight? (46:37) Rosalie - During the Carter administration I was an apprentice for the federal Government. We were trained how to be mechanics. They canceled the program though but now we are needing these jobs. (49:09)
Cavalcade 1/31/53 Gunsmoke was a long-running American old-time radio and television Western drama created by director Norman MacDonnell and writer John Meston. The stories took place in or about Dodge City, Kansas, during the settlement of the American West. The radio version ran from 1952 to 1961, and is commonly regarded as one of the finest radio dramas of all time; the television version ran from 1955 to 1975 and still holds the record for the longest-running U.S. prime time fictional television program.
Westerns and Comedy on a ThursdayFirst a look at the events of the dayThen, Have Gun, Will Travel starring John Dehner, originally broadcast July 17, 1960, 65 years ago, Little Guns. Paladin travels to Preston, Arizona, when his old friend James Ellis hires him to prevent a range war.Followed by Gunsmoke starring William Conrad, originally broadcast July 17, 1960, 65 years ago, Busted Up Guns. The Indian agent on the Sioux reservation has gone off the deep end, is drunk and determined to keep guns away from the Indians.Then Our Miss Brooks starring Eve Arden, originally broadcast July 17, 1955, 70 years ago, Planning a Trip to Europe. Miss Brooks is trying to promote a summer vacation trip to Europe...but so are Mr. Boynton and Mr. Conklin.Followed by Granby's Green Acres starring Gale Gordon and Bea Benederet, originally broadcast July 17, 1950, 75 years ago, Granby Discovers Electricity. Granby decides an electric milker is needed for his farm. Finally, Hilltop House, originally broadcast July 17, 1953, 72 years ago, The Wrong Letter. Dr. Browning gives Julie the wrong letter about Reid. Bad news?Thanks to Adele for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamIf you like what we do here, visit our friend Jay at http://radio.macinmind.com for great old time radio shows 24 hours a day
Original Air Date: September 04, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Virginia Christine• Lawrence Dobkin• Barney Phillips• James Nusser• Vic Perrin Editorial Supervisor:• John Meston Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the...
Dirt Bills Girl
Original Air Date: August 28, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Vic Perrin• Joseph Kearns• Virginia Christine• Barney Phillips Editorial Supervisor:• John Meston Writer:• Tom Hanley Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on...
Westerns and Drama on a SaturdayFirst, a look at this day in History.Then, Gunsmoke starring William Conrad, originally broadcast July 12, 1954, 71 years ago, Texas Cowboys. Marshal Dillon threatens to close down Front Street to a Texas trail gang, unless they turn over a murderer to him. Sam Peoples is nominated to hang for the crime.Followed by Have Gun Will Travel starring John Dehner, originally broadcast July 12, 1959, 66 years ago, Young Gun. A gun-fighter turned rancher is keeping the other cattlemen from his water during a drought. Then, The Screen Directors Playhouse, originally broadcast July 12, 1951, 74 years ago, The Fugitive starring Henry Fonda. An adaptation of the 1947 picture with Henry Fonda reprising his role as a priest attempting to flee a Latin American country where religion is outlawed. Finally. Dear Adolf, originally broadcast July 12, 1942, 83 years ago, Letter from an American Housewife and Mother starring Helen Hayes. Thanks to Richard G for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamFind the Family Fallout Shelter Booklet Here: https://www.survivorlibrary.com/library/the_family_fallout_shelter_1959.pdfhttps://wardomatic.blogspot.com/2006/11/fallout-shelter-handbook-1962.html
The Old Lady 1/17/53 Gunsmoke was a long-running American old-time radio and television Western drama created by director Norman MacDonnell and writer John Meston. The stories took place in or about Dodge City, Kansas, during the settlement of the American West. The radio version ran from 1952 to 1961, and is commonly regarded as one of the finest radio dramas of all time; the television version ran from 1955 to 1975 and still holds the record for the longest-running U.S. prime time fictional television program.
The Relic Radio Show begins with The Adventures Of The Falcon this week. We'll hear The Case Of The Rich Racketeer, from November 5, 1950. (29:12) Next is Gunsmoke with its story from March 7, 1953, Absalom. https://traffic.libsyn.com/forcedn/e55e1c7a-e213-4a20-8701-21862bdf1f8a/RelicRadio953.mp3 Download RelicRadio953 | Subscribe | Spotify | Support The Relic Radio Show
Original Air Date: August 21, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Sam Edwards• Jeanne Bates• Lawrence Dobkin Editorial Supervisor:• John Meston Writer:• Marian Clark Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie...
This episode was originally released on 5/1/2019. While new episodes of Breaking Walls are on hiatus I'll be going back and posting the older episodes. ____________ In Breaking Walls episode 91, we finish the adult western trilogy with a focus on the period after television decimated radio's listening audience, forever altering the broadcasting landscape. Dramatic radio's time as America's number one entertainment genre was over, but it was far from dead. Our story won't conclude on that fabled date of September 30th, 1962 when radio drama supposedly ended forever. We'll push down the trail through the 1960s, 70s, and 80s as dramatic radio continued to avoid the hangman's noose. Highlights: • Dirty Saturdays • Gunsmoke Finds Sponsorship. • Gunsmoke's TV launch • NBC and Dr. Sixgun • Norman Macdonnell and CBS bring a new Western to the Air • J.B. Kendall, Luke Slaughter, & Paladin • The End of Gunsmoke • Horizon's West and One Last Gasp • Elliott Lewis—Young At Heart • Riding off Into the Sunset The WallBreakers: thewallbreakers.com Subscribe to Breaking Walls everywhere you get your podcasts. To support the show: patreon.com/TheWallBreakers The reading material used in today's episode was: • On The Air: The Encyclopedia of Old-Time Radio - by John Dunning • Radio Rides The Range: A Reference Guide to Western Drama on the Air, 1929 - 1967 by Jack French and David S. Siegel • Network Radio Ratings, 1932-1953 - by Jim Ramsburg • As well as numerous passages from Broadcast Magazine On the Interview Front: • Lilian Buyeff, John Dehner, Lawrence Dobkin, Herb Ellis, Virginia Gregg, Elliott Lewis, Vic Perrin, and Herb Vigran, were with SPERDVAC, the Society to Preserve and Encourage Radio Drama, Variety, and Comedy. For more information, please go to SPERDVAC.com • Parley Baer, William Conrad, John Dehner, Rex Koury, and Norman Macdonnell were with John Hickman. Mr. Hickman was the longtime host of WAMU's Recollections. Today, this program is heard each Sunday evening as The Big Broadcast. For more information, please go to WAMU.org • William N Robson was with Dick Bertel and Ed Corcoran for WTIC's The Golden Age of Radio. This interview can be heard at GoldenAge-WTIC.org. • Parley Baer was with Chuck Schaden. Hear their full chat at SpeakingofRadio.com. •John Dehner was also heard with Neil Ross for KMPC on March 23rd, 1982. While Elliott Lewis was with John Dunning for his 1980s 71KNUS program from Denver. And Raymond Burr was with Jack Webster in 1963. Selected Music Featured in Today's Episode Was: • The Theme to A Summer Place - by Percy Faith • Mr. Sandman - by The Chordettes • Young At Heart - by Frank Sinatra • And Come Down My Evening Star - by Joan Morris & William Bolcom
Original Air Date: August 14, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Vic Perrin• Lawrence Dobkin• Bartlett Robinson• Barney Phillips• Harry Bartell Editorial Supervisor:• John Meston Writer:• Marian Clark Producer:• Norman Macdonnell Music:• Rex Koury Exit music from:...
Westerns and Drama on a SaturdayFirst a look at the events of the dayThen, Gunsmoke starring William Conrad, originally broadcast July 5, 1954, 71 years ago, Hack Prine. A professional gunman, who is an old friend of Marshal Dillon's, is hired by a coward and an enemy of Dillon's to gun down the Marshall. Followed by Have Gun Will Travel starring John Dehner, originally broadcast July 5, 1959, 66 years ago, Comanche. Paladin rides to Montana territory to persuade a young deserter from the 7th Cavalry to return. Then, Escape, originally broadcast July 5, 1953, 72 years ago, A Source of Irritation. During the war, a rural British farmer is kidnapped by a Nazi pilot and taken to Germany. His resemblance to a well-known French traitor leads to a clever plan by the Germans, despite the farmer's desire to return to his turnips. Followed by 2000 Plus, originally broadcast July 5, 1950, 75 years ago, A Veteran Comes Home. A soldier returns to Earth after five years of fighting in the Martian wars, to find his wife and son waiting. Finally, Dear Adolf, originally broadcast July 5, 1942, 83 years ago, Letter from an American Laborer starring James Cagney. Thanks to Adele for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamIf you like what we do here, visit our friend Jay at http://radio.macinmind.com for great old time radio shows 24 hours a day
This episode was originally released on 4/1/2019. While new episodes of Breaking Walls are on hiatus I'll be going back and posting the older episodes. ____________ In Breaking Walls episode 90 and on the second part of our western trilogy, dramatic radio goes from boom to bust in a nine year period after World War II, as a group of actors become radio legends, while the radio western grows up. Highlights: • William S. Paley's Plan to Overtake NBC • The West-Coast Hollywood Actors • Robson, Yarborough, Lewis, and Hawk Larabee • Escape Moves the Western Forward • The Life and Death of Jeff Chandler • CBS Becomes Number 1 • NBC Fires Back with New Western Shows • Elliott Lewis, Suspense, On Stage, and Crime Classics • The Birth of Gunsmoke • Jack Johnstone, Jimmy Stewart, and The Six Shooter • The Networks Pull the Plug in 1954 • What's Next The WallBreakers: http://thewallbreakers.com Subscribe to Breaking Walls everywhere you get your podcasts. To support the show: http://patreon.com/TheWallBreakers The reading material used in today's episode was: • On The Air: The Encyclopedia of Old-Time Radio - by John Dunning • Radio Rides The Range: A Reference Guide to Western Drama on the Air, 1929 - 1967 by Jack French and David S. Siegel • Network Radio Ratings, 1932-1953 - by Jim Ramsburg As well as passages from • Broadcast Magazine — 12/22/1947, 2/16/1948, 3/1/1948 • Sponsor Magazine — 10/1/1951 On the Interview Front: • Parley Baer, Harry Bartell, Lillian Buyeff, Mary Jane Croft, John Dehner, Lawrence Dobkin, Sam Edwards, Herb Ellis, Virginia Gregg, Jack Johnstone, Byron Kane, Elliott Lewis, Jeanette Nolan, and Herb Vigran were with SPERDVAC, the Society to Preserve and Encourage Radio Drama, Variety, and Comedy. For more information, please go to SPERDVAC.com • Hans Conried, Howard Duff, and Elliott Lewis with Dick Bertel and Ed Corcoran for WTIC's The Golden Age of Radio. The full interviews can be heard at GoldenAge-WTIC.org • Jack Benny, Hans Conried, Betty Lou Gerson, Elliott Lewis, and Lurene Tuttle were with Chuck Schaden. Chuck's interviews from an over 39-year career can be listened to for free at SpeakingofRadio.com • Eve Arden, Elliott Lewis, and E. Jack Neuman were with John Dunning for his 1980s 71KNUS Radio program from Denver. Some of his interviews can be found at OTRRLibrary.org • William Conrad, John Dehner, Rex Koury, Norman Macdonnell, John Meston, William N. Robson, and George Walsh were John Hickman of WAMU for his Gunsmoke documentary. • Mr. Hickman was the longtime host of “Recollections.” A modern version of this program is heard each Sunday evening as “The Big Broadcast.” For more information, please go to WAMU.org • William Conrad was also with collector Chris Lambesis for a December 15th, 1969 interview • Jimmy Stewart was with Larry King in 1986 • And William S. Paley and Frank Stanton were interviewed for CBS's 50th Anniversary program in 1977. Selected Music Featured in Today's Episode Was: • I've Got the World on a String - by Frank Sinatra • Pyramid of the Sun & Voodoo Dreams - by Les Baxter • I'll Be Seeing You - by The Harry James Orchestra • Route 66 - by Nat King Cole
Westerns and Crime on a TuesdayFirst, a look at the events of the dayThen, Gunsmoke starring William Conrad, originally broadcast July 1, 1956, 69 years ago, A Gun for Chester. Asa Ledbetter is in town, and Chester (Parley Baer, pictured) thinks he's out to kill him! Followed by Fort Laramie starring Raymond Burr, originally broadcast July 1, 1956, 69 years ago, The Trooper's Widow. Mrs. Stocker, the new bride of a trooper, learns the harsh realities of the frontier the hard way. Then, The Roy Rogers Show, originally broadcast July 1, 1954, 71 years ago, Y'all Come. Roy receives a telephone bomb threat and has to protect Dale. Followed by Wanted, originally broadcast July 1, 1950, 75 years ago, FBI #241884. The Story of Willie, 'The Actor' Sutton. Finally, The Couple Next Door starring Peg Lynch and Alan Bunce, originally broadcast July 1, 1960, 65 years ago, Weekend Fishing Trip. Thanks to Adele for supporting our podcast by using the Buy Me a Coffee function at http://classicradio.streamIf you like what we do here, visit our friend Jay at http://radio.macinmind.com for great old-time radio shows 24 hours a day
Original Air Date: August 07, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Joseph Kearns• Virginia Gregg• Peggy Webber• Sam Edwards Editorial Supervisor:• John Meston Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie by...
Original Air Date: July 31, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Vic Perrin• Barney Phillips• James Nusser• Dick Beals Editorial Supervisor:• John Meston Writer:• Marian Clark Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on...
Topics: Overwhelmed, Count Your Blessings, Psalm 23:1, Not A Bot, Gunsmoke, Christian Artists, Vera C. Rubin, Contempt BONUS CONTENT: Not A Bot Follow-up, Men Driving Follow-up Quotes: “Our souls weren't made for this.” “Just do the thing that's in front of you.” “We have to be careful elevating people. It's not healthy for them.” “You don't want to live a life of contempt and you don't have to.” “I'm amped about Vera C. Rubin.” . . . Holy Ghost Mama Pre-Order! Want more of the Oddcast? Check out our website! Watch our YouTube videos here. Connect with us on Facebook! For Christian banking you can trust, click here!
Original Air Date: July 24, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Lawrence Dobkin• Vic Perrin• Jeanne Bates Editorial Supervisor:• John Meston Writer:• Kathleen Hite Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie...
Original Air Date: July 17, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Virginia Christine• Vic Perrin• Ralph Moody Editorial Supervisor:• John Meston Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie by Aaron Kenny...
Founder of the Raising Capitalists Foundation and previous co-host of The Real Estate Guys Radio show, Russell Gray, joins Keith to discuss the historical and current devaluation of the U.S. dollar, its impact on investors, and the broader economic implications. Gray highlights how the significant increase in interest rates has trapped equity in properties and affected development. He explains the shift from gold-backed currency to paper money, the role of the Federal Reserve, and the impact of the Bretton Woods Agreement. Gray emphasizes the importance of understanding macroeconomic trends and advocates for Main Street capitalism to decentralize power and promote productivity. He also criticizes the idea of housing as a human right, arguing it leads to inflation and shortages. Resources: Connect with Russell Gray to learn more about his "Raising Capitalists" project and his plans for a new show. Follow up with Russell Gray to get a copy of the Beardsley Rummel speech transcript from 1946. follow@russellgray.com Show Notes: GetRichEducation.com/558 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”. For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, what's the real backstory on why we have this thing called the dollar? Why it keeps getting debased? What you can do about it and when the dollar will die? It's a lesson in monetary history. And our distinguished guest is a familiar voice that you haven't heard in a while. Today on get rich education. Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with a better business bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com Russell Gray 1:54 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 2:10 Welcome to GRE from St John's Newfoundland to St Augustine, Florida and across 188 nations worldwide. I'm Keith weinholden. You are inside get rich education. It's 2025. The real estate market is changing. We'll get into that in future. Weeks today. Over the past 100 years plus, we've gone from sound money to Monopoly money, and we're talking about America's currency collapse. What comes next and how it affects you as both an investor and a citizen. I'd like to welcome in longtime friend of the show and someone that I've personally learned from over the years, because he's a brilliant teacher, real estate investors probably haven't heard his voice as much lately, because until last year, he had been the co host of the terrific real estate guys radio show for nearly 20 years. Before we're done today, you'll learn more about what he's doing now, as he runs the Main Street capitalist platform and is also founder of the raising capitalists foundation. Hey, it's been a few years. Welcome back to GRE Russell Gray. Russell Gray 3:19 yeah, it's fun. I actually think it's been maybe 10 years when I think about it, I remember I was at a little resort in Mexico recording with you, I think in the gym. It was just audio back then, no video. Keith Weinhold 3:24 Yeah, I remember we're trying to get the audio right. Then I think you've been here more recently than 10 years ago. But yeah, now there's this video component. I actually have to sit up straight and comb my hair. It's ridiculous. Well, Russ, you're also a buff of monetary history. And before we discuss that, talk about the state of the real estate market today, just briefly, from your vantage point. Russell Gray 1 3:55 I think the big story, and I'm probably not telling anybody anything they don't know, but the interest rate hike cycle that we went through this last round was quite a bit more substantial, I think, than a lot of people really appreciated, you know. And I started talking about that many years ago, because when you hit the zero bound and you have 6,7,8, years of interest rates below half a point, the change when they started that interest rate cycle from point two, 525 basis points all the way up to five and a quarter? That's a 20x move. And people might say, well, oh, you know, I go back to what Paul Volcker did way back in the day, when he took interest rates from eight or nine to 18. That was only a little bit more than double. Double is a far cry from 20x so we've never seen anything like that. Part of the fallout of that, as you know, is a lot of people wisely, and I was on the front end of cheerleading This is go get those loans refinanced and lock in that cheap money for as long as possible, because a loan will actually become an asset. The problem is, when you do that, you're kind of married to that property. Now it's not quite as bad. As being upside down in a property and you can't get out of it, but it's really hard to walk away from a two or 3% loan in a Six 7% market, because you really can't take your same payment and end up getting more house. And so that equity is kind of a little bit trapped, and that creates some opportunities, but I think that's been the big story, and then kind of the byproduct of the story. Second tier of the story was the impact it had on development, because it made it a lot harder for developers to develop, because their cost of funds and everything in that supply chain, food chain, you marry that to the 2020, COVID Supply Chain lockdown and that disruption, which, you know, you don't shut an economy down and just flick a switch and have it come back on. And so there's all of that. And then the third thing is just this tremendous uncertainty everybody has, because we just went from one extreme to another. And I think people, you know, they don't want to, like, rock the boat, they're going to kind of stay status quo for a little bit, whether they're businesses, whether they're homeowners, whether they're anybody out there that's thinking about moving them, unless life forces you to do it, you're going to try to stay status quo until things calm down. And I don't know how close we are to things calming down. Keith Weinhold 6:13 One word I use is normalized. Both the 30 year fixed rate mortgage and the Fed funds rate are pretty close to their long term historic average. It just doesn't feel that way, because it was that rate of increase in 2022 that caught a lot of people off guard, like you touched on Well, Russ, now that we've talked about the present day, let's go back in time, and then we'll slowly bring things up to the present day. The dollar is troubled. It's worth perhaps 3% of what it was 100 years ago, but it's still around since it was established in the Coinage Act of 1792 and it's still the world reserve currency. In fact, only three currencies have survived longer than the dollar, the British pound, the Japanese yen and the Swiss franc. So talk to us about this really relentless debasement of the dollar over time, including the creation of the Fed and the Bretton Woods Agreement and all that. Russell Gray 7:09 That's a big story, as you know, and I always like to try to break it down a little bit. One of my specialties I'd like to believe, is I speak macro and I speak Main Street. And so when I try to break macroeconomics down, I start out with, why do I even care? I mean, if I'm a main street investor, why do I even care? In 2008 as you know, is a wipeout for me. Why? Because I didn't think anything had happened in the macro I didn't think Wall Street bond market. I didn't think that affected me. One thing I really cared about was interest rates. And I had a cursory interest in the bond market. We just try to figure out where interest rates were going. But for the most part, I thought, as a main street real estate investor, I was 100% insulated. I couldn't have been more wrong, because it really does matter, because the value of the dollar, in other words, the purchasing power of the dollar, and usually you refer to that as inflation, right? If inflation is there, the dollar is losing its purchasing power, and so the higher the inflation rate, the faster you're losing that purchasing power. And you might say, well, maybe that matters to me. Maybe it does. But the people who make the money available to the mortgage community, right to the real estate community to borrow that comes out of the bond market. And so when people go to buy a bond, which is an IOU, they're going to get paid back in the currency that they lent in, in this case, dollars. And if they know, if they're making a long term investment in a long term bond, and they're going to get paid back in dollars, they're going to be worth a whole lot less when they get them back. One of the things they're going to want is compensation for that time risk, and that's called higher interest rates. Okay, so now, if you're a main street investor, and higher interest rates impact you, now you understand why you want to pay attention. Okay, so let's just start with that. And so once you understand that the currency is a derivative of money, and money used to be you mentioned the Coinage Act Keith money, which is gold, used to be synonymous with the dollar. The dollar was only a unit of measure of gold, 1/20 of an ounce. It was a unit of measure. So it's like, the way I teach people is, like, if you had a gallon of milk and you traded, I'm a farmer, and I had a lot of milk, and so everybody decided they were going to use gallons of milk as their currency. Hey, where there's a lot of gallons of milk. He's got a big refrigerator. We'll just trade gallons of milk. Hey, Keith, I really like your beef. I you know, will you sell me some, a side of beef, and I'll give you, you know, 100 gallons of milk, you know, like, Oh, that's great. Well, I can't drink all this milk, so I'm going to leave the milk on deposit at the dairy, and then later on, when I decide I want a suit of clothes, I'll say, well, that's 10 gallons of milk. So I'll give the guy 10 gallons of milk. So I just give him a coupon, a claim, a piece of paper for that gallon of milk, or 20 gallons of milk, and he can go to the dairy and pick it up, right? And so that's kind of the way the monetary system evolved, except it wasn't milk, it was gold. So now you got the dollar. Well, after a while, nobody's going to get the milk. They don't care about the milk. And so now. Now, instead of just saying, I'll give you a gallon of milk, you just say, well, I'll give you a gallon. And somebody says, Okay, that's great. I'll take a gallon. They never opened the jug up. They never realized the jug is empty. They're just trading these empty jugs that used to have milk in them. Well, that's what the paper dollar is today. It went from being a gold certificate payable to bearer on demand, a certain amount of gold, a $20 gold certificate, what looks exactly like a $20 FEDERAL RESERVE NOTE. Today they look exactly the same, except one says FEDERAL RESERVE NOTE, which is an IOU backed by nothing, and the other one said gold certificate, which was payable to bearer on demand, real money. So my point is, is he got money which is a derivative of the productivity, the beef, the soot, the milk, whatever, right? That's the real capital. The real capital is the goods and services we all want. Money is where we store the value of whatever it is we created until we want to trade it for something somebody else created later. And it used to be money and currency were one in the same, but now we've separated that. So now all we do is trade empty gallons, which are empty pieces of paper, and that's currency. So those are derivatives, and the last derivative of that chain is credit. And you had Richard Duncan on your show more than once, and he is famous for kind of having this term. We don't normally have capitalism. We have creditism, right? Everything is credit. Everything is claims on wealth, but it's not real wealth, and it's just when we look at what's going on with our current administration and the drive to become a productive rather than a financialized society, again, as part of this uncertainty that everybody has. Because this is not just a subtle little adjustment on the same course. This is like, No, we're we're going down a completely different path. But fundamentally, your system operates on this currency that is flowing through it, like the blood flowing through your body. And if the blood is bad, your body's sick. And right now, our currency is bad, and so it creates problems, not just for us, but all around the world. And now we're exacerbating that. And I'm not saying it's bad. In fact, I think it's actually it's actually good, but change is what it is, right? I mean, it can be really good to go to the gym and work out before we started recording, you talked about your commitment to fitness, and that if you stop working out, you get unfit, and it's hard to start up again. Well, we've allowed our economy to get very unfit. Now we're trying to get fit again, and it's going to be painful. We're going to be sore, but if we stick with it, I think we can actually kind of save this thing. So I don't know what that's going to mean for the dollar ultimately, or if we end up going to something else, but right now, to your point, the dollar is definitely the big dog still, but I think it's probably even more under attack today than it's ever been, and so it's just something I think every Main Street investor needs to pay attention to. Keith Weinhold 12:46 And it was really that 1913 creation of the Fed, where the Fed's mandates really didn't begin to take effect until 1914 that accelerated this slide in the dollar. Prior to that, it was really just periods of war, like, for example, the Civil War, where we had inflation rise, but then after wars abated, the dollar's strength returned, but that ceased to happen last century. Russell Gray 13:11 I think there's a much bigger story there. So when we founded the country, we established legal money in the Coinage Act of 1792 we got gold and silver and a specific unit of measure of gold, a specific unit, measure of silver was $1 and that's what money was constitutionally. Alexander Hamilton advocated for the first central bank and got it, but it was issued by Charter, which meant that it was operated by the permission of the Congress. It wasn't institutionalized. It wasn't embedded in the Constitution. It was just something that was granted, like a license. You have a charter to be able to run a bank. When that initial charter came up for renewal, Congress goes, now we're not going to renew it. Well, of course, that made the bankers really upset, because bankers have a pretty good gig, right? They get to just loan people money. They don't have to do any real work, and then they make money on just kind of arbitraging, you know, other people's money. Savers put their money in, and they borrowed the money out, and then they with fractional reserve, they're able to magnify that. So it's, it's kind of a cool gig. And so what happened? Then he had the first central bank, so then they got the second central bank, and the second central bank was also issued by charter this time when it came up for renewal, Congress goes, Yeah, let's renew it, right? Because the bankers knew we got to go buy a few congressmen if we want to keep this thing going. But President Andrew Jackson said, No, not going to happen. And it was a big battle. Is a famous quote of him just calling these bankers a brood of vipers. And I'm going to put you down. And God help me, I will, right? I mean, it was like intense fact, I do believe he got shot at one point. I think he died from lead poisoning, because he never got the bullet out. So, you know, when you go to up against the bankers, it's not pretty, but he succeeded. He was the last president that paid off all the debt, balanced budget, paid off all the debt, and we got kind of back on sound money. Well, then a little while later, said, Okay, we're going to need, like, something major, and this would. I should put on. I got my, this is my hat, right now, I'll kind of put it on. This is my, my tin foil hat. Okay? And so I put this on when I kind of go down the rabbit trail a little bit. No, I'm not saying this is what happened, but it wouldn't surprise me, right? Because I know that war is profitable, and so sometimes, you know, your comment was, hey, there's the bank, and then there was, you know, the war, or there's the war, then there's a bank, which comes first the chicken or the egg. I think there's an article where Henry Ford and Thomas Edison went to Congress. I think it was December. The article was published New York Tribune, December 4. I think 1921 you can look it up, New York Tribune, front page article Keith Weinhold 15:38 fo those of you in the audio only. Russ started donning a tin foil looking hat here about one minute ago. Russell Gray 15:45 I did, yeah, so I put it on. Just so fair warning. You know, I may go a little conspiratorial, but the reason I do that is I just, I think we've seen enough, just in current, modern history and politics, in the age of AI and software and freedom of speech and new media, there's a lot of weird stuff going on out there, but a lot of stuff that we thought was really weird a little while ago has turned out to be more true than we thought. When you look back in history, and you kind of read the official narrative and you wonder, you kind of read between the lines. You go, oh, maybe some stuff went on here. So anyway, the allegation that Ford made, smart guy, Thomas Edison, smart guy. And they go to Congress, and they go, Hey, we need to get the gold out of the banker's hands, because gold is money, and we need money not to revolve around gold, because the bankers control gold. They control the money, and they make profits, his words, not mine, by starting wars, because he was very upset about World War One, which happened. We got involved right after Fed gets formed in 1913 World War One starts in 1914 the United States sits off in the background and sells everybody, everything. It collects a bunch of gold, and then enters at the end and ends it all. And that big influx created the roaring 20s, as we all know, which ended big boom to big bust. And that cycle, which then a crisis that created, potentially a argument for why the government should have more control, right? So you kind of go down this path. So we ended up in 1865 with President Lincoln suppressing states rights and eventually creating an unconstitutional income tax and then creating an unconstitutional currency. That's what Abraham Lincoln did. And then on the back end of that, you know, it didn't end well for him, and I don't know why, but all I know is that we had a financial crisis in 1907 and the solution to that was the Aldrich plan, which was basically a monopoly on money. It's called a money trust. And Charles Lindbergh, SR was railing against it, as were many people at the time, going, No, this is terrible. So they renamed the Aldrich plan the Federal Reserve Act. And instead of going for a bank charter, they went for a constitutional amendment, and they got it in the 16th Amendment, and that's where we got the IRS. That's where we got the income tax, which was only supposed to be 7% only affect like the top one or 2% of earners, right? And that's where we got, you know, the Federal Reserve. That's where all that was born. Since that happened, to your point, the dollar has been on with a slight little rise up in the 20s, which, you know, there's a whole thing about whether that caused the crash or not. But at the end of the day, if you go look at St Louis Fed, which you go look at all the time, and you just look at the long term trend of the dollar, it's terrible. And the barometer, that's gold, right? $20 of gold in 1913 and 1933 and then 42 in 1971 or two, whatever it was, three, and then eventually as high as 850 but at the turn of the century, this century, it was $250 so at $2,500 it would have lost 90% in the 21st Century. The dollars lost 90% in the 21st Century, just to 2500 that's profound to go. That's right, it already lost more than 90% from $20 to 250 so it lost 90% and then 90% of the 10% that was left. And that's where we're at. We're worse than that. Today, no currency, as far as I understand, I've been told this. Haven't done the homework, but it's my understanding, no currency in the history of the world has ever survived that kind of debasement. So I think a lot of people who are watching are like, okay, it's not a matter of if, it's a matter of when. And then the big question is, is when that when comes? What does the transition look like? What rises in its place? And then you look at things like a central bank digital currency, which is not like Bitcoin, it's not a crypto, it's a centrally controlled currency run by the central bank. If we get that, I would argue that's not good for privacy and security. Could be Bitcoin would be better. I would argue, could go back to gold backing, which I would say is better than what we have, or we could get something nobody's even thought of. I don't know. We don't know, but I do think we're at the end of the life cycle. Historically, all things being equal. And I think all the indication with a big run up of gold, gold is screaming something's broken. It's just screaming it right now, not just because the price is up, but who's buying it. It's just central banks. Keith Weinhold 20:12 Central banks are doing most of the buying, right? It's not individual investors going to a coin shop. So that's really screaming, telling you that people are concerned. People are losing their faith in giving loans to the United States for sure. And Russ, as we talk about gold, and it's important link to the dollar over time, you mentioned how they wanted it, to get it out of the bank's hands for a while. Of course, there was also a period of time where it was illegal for Americans to own gold. And then we had this Bretton Woods Agreement, which was really important as well, where we ended up violating promises that had to do with gold again. So can you speak to us some more about that? Because a lot of people just don't understand what happened at Bretton Woods. Russell Gray 20:56 What happened is we had the big crash in 1929 and the net result of that was, in 1933 we got executive order 6102 In fact, I have a picture of it framed, and that was in the wake of that in 1933 and so what Franklin Delano Roosevelt did in signing that document, which was empowered by a previous act of Congress, basically let him confiscate all The money. It'd be like right now if, right now, you know, President Trump signed an executive order and said, You have to take all your cash, every all the cash that you have out of your wallet. You have to send it all, take it into the bank, and they're going to give you a Chuck E Cheese token, right? And if you don't do it, if you do it, it's a $500,000 fine in 10 years in prison. Right? Back then it was a $10,000 fine, which was twice the price of the average Home huge fine, plus jail time. That's how severe it was, okay? So they confiscated all the money. That happened in 33 okay? Now we go off to war, and we enter the war late again. And so we have the big manufacturing operation. We're selling munitions and all kinds of supplies to everybody, all over the world, right? And we're just raking the gold and 20,000 tons of gold. We got all the gold. We got the biggest army now, we got the biggest bomb, we got the biggest economy. We got the strongest balance sheet. Well, I mean, you know, we went into debt for the war, but, I mean, we had a lot of gold. So now everybody else is decimated. We're the big dog. Everybody knows we're the big dog. Nine states shows up in New Hampshire Bretton Woods, and they have this big meeting with the world, and they say, Hey guys, new sheriff in town. Britain used to be the world's reserve currency, but today we're going to be the world's reserve currency. And so this was the new setup. But it's okay. It's okay because our dollar is as good as gold. It's backed by gold, and so anytime you want foreign nations, you can just bring your dollars to us and we'll give you the gold, no problem. And everyone's like, okay, great. What are you going to say? Right? You got the big bomb, you got the big army. Everybody needs you for everything to live like you're not going to say no. So they said, Yes, of course, the United States immediately. I've got a speech that a guy named Beardsley Rummel did. Have you ever heard me talk about this before? Keith, No, I've never heard about this. So Beardsley Rummel was the New York Fed chair when all this was happening. And so he gave a speech to the American Bar Association in 1945 and I got a transcript of it, a PDF transcript of it from 1946 and basically he goes, Look, income taxes are obsolete. We don't need income tax anymore because we can print money, because we're off the gold standard and we have no accountability. We just admitted it, just totally admitted it, and said the only reason we have income tax is to manipulate behavior, is to redistribute wealth, is to force people to do what we want them to do, punish things and reward others, right? Just set it plain language. I have a transcript of the speech. You can get a copy of you send an email to Rummel R U, M, L@mainstreetcapitalist.com I'll get it to you. So it's really, really interesting. So he admitted it. So we went along in the 40s and the 50s, and, you know, we had the only big manufacturing you know, because everybody else is still recovering from the war. Everything been bombed to smithereens, and we're spending money and doing all kinds of stuff. And having the 50s, it was great, right, right up until the mid 60s. So the mid 60s, it's like, Okay, we got a problem. And Charles de Gaulle, who was the president of France at the time, went to a meeting. And there's a YouTube video, but you can see it, he basically told the world, hey, I don't think the United States is doing a good job managing this world's reserve currency. I don't think they've got the gold. I think they printed too much money. I think that we should start to go redeem our dollars and get the gold. That was pretty forward thinking. And he created a run on the bank. And at the same time, we passed the Coinage Act in 1965 and took all the silver out of the people's money. So we took the gold in 33 and then we took the silver in 65 right? Because we got Vietnam and the Great Society, welfare, all these things were going on in the 60s. We're just going broke. Meanwhile, our gold supply went from 20,000 tons down to eight and Richard. Nixon is like, whoa, time out. Like, this is bad. And so we had inflation in 1970 August 15, 1971 year before August 15, 1971 1970 Nixon writes an executive order and freezes all prices and all wages. It became illegal by presidential edict for a private business to give their employee a raise or to raise their prices to the customers. Keith Weinhold 25:30 It's almost if that could happen price in theUnited States of America, right? Russell Gray 25:36 And inflation was 4.4% and it was a national emergency like today. I mean, you know, a few years ago, like three or four years ago, we if we could get it down 4.4% it'd be Holly. I'd be like a celebration. That was bad. And so that's what happened. So a year later, that didn't work. It was a 90 day thing. It was a disaster. And so in a year later, August 15, 1971 Nixon came on live TV after Gunsmoke. I think it was, and I was old enough I'm watching TV on a Sunday night I watched it. Wow. So I live, that's how old I am. So it's a lot of this history, not the Bretton Woods stuff, but from like 1960 2,3,4, forward. I remember I was there. Keith Weinhold 26:13 Yeah, that you remember the whole Nixon address on television. We should say it for the listener that doesn't know. Basically the announcement Nixon made, he said, was a temporary measure, is that foreign nations can no longer redeem their dollars for gold. He broke the promise that was made at Bretton Woods in about 1945 Russell Gray 26:32 Yeah. And then gold went from $42 up to 850 and a whole series of events that have led to where we're at today were put in place to cover up the fact that the dollar was failing. We had climate emergency. We were headed towards the next global Ice Age. We had an existential threat in two different diseases that hit one right after the other. First one was the h1 n1 flu, swine flu, and then the next thing was AIDS. And so we had existential pandemic, two of them. We also had a oil shortage crisis. We were going to run out of fossil fuel by the year 2000 we had to do all kinds of very public, visible, visceral things that we would all see. You could only buy gas odd even days, like, if your license plate ended in an odd number, you could go on these days, and if it ended on an even number, you could go on the other days. And so we had that. We lowered our national speed limit down to 55 miles an hour. We created the EPA and all these different agencies under Jimmy Carter to try to regulate and manage all of this crisis. Prior to that, Nixon sent Kissinger over to China, and we opened up trade relations. And we'd been in Vietnam to protect the world from communism because it was so horrible. And then in the wake of that, we go over to Communist China, Chairman Mao and open up trade relations. Why we needed access to their cheap labor to suck up all the inflation. And we went over to the Saudis, and we cut the petro dollar deal. Why? Because we needed the float. We needed some place for all these excess dollars that we had created to get sucked up. And so they got sucked up in trading the largest commodity in the world, energy. And the deal was, hey, Saudis, here's the deal. You like your kingdom? Well, we got the big bomb. We got the big army. You're going to rule the roost in the in the Middle East, and we'll protect you. All you got to do is make sure you sell all your oil in dollars and dollars only. And they're like, Well, what if we're selling oil to China, or what if we're selling oil to Japan? Can they pay in yen? Nope, they got to sell yen. Buy dollars. Well, what do we do with all these dollars? Buy our treasuries. Okay, so what if I got this? Yeah, and so that was the petrodollar system. And the world looked at everything went on, and the world is like, Hmm, the United States coming back to Europe, and Charles de Gaulle, they're like, the United States is not handling this whole dollar thing real well. We need an alternative. What if all of us independent nations in Europe got together and created a common currency? We don't want to be like one country, like the United States, but we want to be like an economic union. So let's create a current let's call it the euro. And they started that process in the 70s, but they didn't get it done till 99 and so they get it done in 99 as soon as they get it done, this guy named Saddam Hussein goes, Hey, I'm now the big dog here. I got the fourth largest army in the world. I'm here in, you know, big oil producing nation. Let's trade in the euro. Let's get off the dollar. Let's do oil in the euro. And he's gone. I'm not sure I should put my hat back on. I'm not sure, but somehow we went into Afghanistan and took a hard left and took this guy out. Keith Weinhold 29:44 Some credence to this. Yes, yeah, so. But with that said, Russell Gray 29:47 you know, we ended up with the Euro taking about 20% of the global trade market from the United States, which is about where it sits today. And the United States used to be up over 80% and now we're down below 60% still. The Big Dog by triple and the euro is not in a position to supplant the US, but I think China, whose claim to fame is looking at other people's technology and models and copying it, looked at what the United States did to become the dominant economic force, and I think they've systematically been copying it. I wrote a report on this way back in 2013 when I started really paying attention to it and began to chronicle all the things that they were doing, this big D dollarization movement that I think still has legs. It's the BRICS movement. It's all the central banks buying gold. It's the bilateral trade agreements where people are doing business outside the dollar. There's been not just that, but also putting together the infrastructure, right? The Asian Infrastructure Bank is an alternative to the IMF looking, if you have you read Confessions of an economic hitman. No. Okay, so this is a guy that used to work in the government, I think, CIA or something, and he would go down and he'd cut deals with leaders of countries to get them to borrow from the United States to put in key infrastructure so they could trade with the US. And then, of course, if they defaulted, then the US owned that in the infrastructure. You can look it up. His name is Perkins, right. Look it up confessions of economic hit now, but you see China doing the same thing. China's got their Belt and Road Initiative. And you go through, and if you want to trade with China on that route, you have traded, you're gonna have to have infrastructure. You can eat ports. You're gonna need terminals for distribution. But you, Oh, you don't have the money. We'll loan it to you, and we'll loan it to you and you want. Now we're creating demand for you want, and we also are enslaving borrower servant to the lender. We're beginning to enslave these other nations under the guise of helping them by financing their growth so they can do business with us. It's the same thing the United States did and Shanghai Gold Exchange, as opposed to the London Bullion exchange. So all of the key pieces of infrastructure that were put in place to facilitate Western hegemony in the financial markets the Chinese have been systematically putting in place with bricks, and so there's a reason we're in this big trade war right now. We recognize that they had started to get in a position where they were actually a real threat, and we got to cut their legs out from underneath them before they get any stronger. Again, I should put my hat back on. Nobody's calling me up and telling me, I'm just reading between the lines. Sure, Keith Weinhold 32:23 there certainly are more competitors to the dollar now. And can you imagine what rate of inflation that we would have had if we had not outsourced our labor and productivity over to a low wage place like China in the east? Russ and I have been talking about the long term debasement of the dollar and why. More on that when we come back, including what Russ is up to today. You're listening to get rich education. Our guest is Russell Gray. I'm your host, Keith Weinhold, the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally while it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com. You know what's crazy? Your bank is getting rich off of you. 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Get rich education with Keith Weinhold, don't quit your Daydream. Keith Weinhold 34:52 Welcome back to get rich education. We're talking with the main street capitalists Russell gray about this long term debasement of the dollar. It's an. Inevitable. It's one of the things we actually can forecast with pretty good predictability that the dollar will continue to debase. It's one of the few almost guarantees that we have in investing. So we can think about how we want to play that Russ one thing I wonder about is, did we have to completely de peg the dollar from gold? Couldn't we have just diluted it where we could instead say, Well, hey, now, instead of just completely depegging the dollar from gold, we could say, well, now it takes 10 times as many dollars as it used to to redeem it for an ounce of gold. Did it make it more powerful that we just completely de pegged it 100% Russell Gray 35:36 it would disempower the monopoly. Right? In other words, I think that the thing from the very beginning, was scripted to disconnect from the accountability of gold, which is what sound money advocates want. They want some form of independent Accountability. Gold is like an audit to a financial system. If you're the bankers and you're running the program, the last thing in the world you want is a gold standard, because it limits your ability to print money out of thin air and profit from that. So I don't think the people who are behind all of this are, in no way, shape or form, interested in doing anything that's going to limit their power or hold them accountable. They want just the opposite. I think if they could wave a magic wand and pick their solution to the problem, it would be central bank digital currency, which would give them ultimate control. Yeah. And it wouldn't surprise me if we maybe, perhaps, were on a path where some crises were going to converge, whether it's opportunistic, meaning that the crisis happened on its own, and quote Rahm Emanuel and whoever he was quoting, you know, never let a good crisis go to waste, and you're just opportunistic, or, you know, put the conspiracy theory hat on, and maybe these crises get created in order to facilitate the power grab. I don't know. It really doesn't matter what the motives are or how it happens at the end of the day, it's what happens. It happened in 33 it happened in 60. In 71 it's what happens. And so it's been a systematic de pegging of any form of accountability. I mean, we used to have a budget ceiling. We used to talk about now it's just like, it's routine. You blow right through it, right, right. There's you balance. I mean, when's the last time you even had a budget? Less, less, you know, much less anything that looked like a valid balanced budget amendment. So I think there's just no accountability other than the voting booth. And, you know, I think maybe you could make the argument that whether you like Trump or not, the public's apparent embrace of him, show you that the main street and have a lot of faith in Main Street. I think Main Street is like, you know what? This is broken. I don't know what's how to fix it, but somebody just needs to go in and just tear this thing down and figure out a new plant. Because I think if you anybody paying attention, knows that this perpetual debasement, which is kind of the theme of the show is it creates haves and have nots. Guys like you who understand how to use real estate to short the dollar, especially when you marry it to gold, which is one of my favorite strategies to double short the dollar, can really magnify the power of inflation to pull more wealth onto your balance sheet. Problem is the people who aren't on that side of the coin are on the other side of the coin, and so the poor get poorer and the rich get richer. Well, the first order of business in a system we can't control is help as many people be on the rich get richer. That's why we had the get rich show, right? Let's help other people get rich. Because if I'm the only rich guy in the room, all the guns are pointed at me, right? I wanted everybody as rich as possible. I think Trump and Kiyosaki wrote about that in their book. Why we want you to be rich, right? When everybody's prospering, it's it's better, it's safer, you have people to trade with and whatnot, but we have eviscerated the middle class because industry has had to go access cheap labor markets in order to compensate for this inflation. And you know, you talk about the Fed mandate, which is 2% inflation, price inflation, 2% so if you say something that costs $1 today, a year from now, is going to cost $1 too, you think, well, maybe that's not that bad. But here's the problem, the natural progression of Business and Technology is to lower the cost, right? So you have something cost $1 today, and because somebody's using AI and internet and automation and robots and all this technology, right? And the cost, they could really sell it for 80 cents. And so the Fed looks at and goes, Let's inflate to $1.02 that's not two cents of inflation. That's 22 cents of inflation. And so there's hidden inflation. The benefits of the gains in productivity don't show up in the CPI, but it's like deferred maintenance on an apartment building. You can make your cash flow look great if you're not setting anything aside for the inevitable day when that roof is going to go out and that parking lot is going to need to be repaved, right? And you don't know how far out you are until you get there and you're like, wow, I'm really short, and I think that we have been experiencing for decades. The theft of the benefit of our productivity gains, and we're not just a little bit out of position. We're way out of position. That's Keith Weinhold 40:07 a great point. Like I had said earlier, imagine what the rate of inflation would be if we hadn't outsourced so much of our labor and productivity to low cost China. And then imagine what the rate of inflation would be as well, if you would factor in all of this increased productivity and efficiency, the natural tendencies of which are to make prices go lower as society gets more productive, but instead they've gone higher. So when you adjust for some of these factors, you just can't imagine what the true debased purchasing power of the dollar is. It's been happening for a long time. It's inevitable that it's going to continue to happen in the future. So this has been a great chat about the history and us understanding what the powers that be have done to debase our dollar. It's only at what rate we don't know. Russ, tell us more about what you're doing today. You're really out there more as a champion for Main Street in capitalism. Russell Gray 41:04 I mean, 20 years with Robert and the real estate guys, and it was fantastic. I loved it. I went through a lot, obviously, in 2008 and that changed me a little bit. Took me from kind of being a blocking and tackling, here's how you do real estate, and to really understanding macro and going, you know, it doesn't matter. You can do like I did, and you build this big collection. Big collection of properties and you lose it all in a moment because you don't understand macro. So I said, Okay, I want to champion that cause. And so we did that. And then we saw in the 2012 JOBS Act, the opportunity for capital raisers to go mainstream and advertise for credit investors. And I wrote a report then called the new law breaks Wall Street monopoly. And I felt like that was going to be a huge opportunity, and we pioneered that. But then after my late wife died, and I had a chance to spend some time alone during COVID, and I thought, life is short. What do I really want to accomplish before I go? And then I began looking at what was going on in the world. I see now a couple of things that are both opportunities and challenges or causes to be championed. And one is the mega trend that I believe the world is going you know, some people call it a fourth turning whatever. I don't consider that kind of we have to fall off a cliff as Destiny type of thing to be like cast in stone. But what I do see is that people are sick and tired of monopolies. We're sick and tired of big tech, we're sick and tired of big media, we're sick and tired of big government. We're sick and tired of big corporations, we don't want it, and big banks, right? So you got the rise of Bitcoin, you got people trying to get out from underneath the Western hegemony, as we've been talking about decentralization of everything. Our country was founded on the concept of decentralization, and so people don't understand that, right? It used to be everything was centralized. All powers in the king. Real Estate meant royal property. That's what real estate it's not like real asset, like tangible it's royal estate. It's royal property. Everything belonged to the king, and you just got to work it like a serf. And then you got to keep 75% in your produce, and you sent 25% you sent 25% through all the landlords, the land barons, and all the people in the hierarchy that fed on running things for the king, but you didn't own anything. Our founder set that on, turn that upside down, and said, No, no, no, no, no, it's not the king that's sovereign. It's the individual. The individual is sovereign. It isn't the monarchy, it's the individual states. And so we're going to bring the government, small. The central government small has only got a couple of obligations, like protect the borders, facilitate interstate commerce, and let's just have one common currency so that we can do business together. Other than that, like, the state's just going to run the show. Of course, Lincoln kind of blew that up, and it's gotten a lot worse after FDR, so I feel like we're under this big decentralization movement, and I think Main Street capitalism is the manifestation of that. If you want to decentralize capitalism, the gig economy, if you want to be a guy like you, and you can run your whole business off your laptop with a microphone and a camera, you know, in today's day and age with technology, people have tasted the freedom of decentralization. So I think the rise of the entrepreneur, I think the ability to go build a real asset portfolio and get out of the casinos of Wall Street. I think right now, if we are successful in bringing back these huge amounts of investment, Trump's already announced like two and a half or $3 trillion of investment, people are complaining, oh, the world is selling us. Well, they're selling stocks and they're selling but they're putting the money actually into creating businesses here in the United States that's going to create that primary driver, as you well know, in real estate, that's going to create the secondary and tertiary businesses, and the properties they're going to use all kinds of Main Street opportunity are going to grow around that. I lived in Silicon Valley, when a company would get funded, it wasn't just a company that prospered, it was everything around that company, right? All these companies. I remember when Apple started. I remember when Hewlett Packard, it was big, but it got a lot bigger, right there. I watched all that happen in Silicon Valley. I think that's going to happen again. I think we're at the front end of that. And so that's super exciting. Wave. The second thing that is super important is this raising capitalist project. And the reason I'm doing it is because if we don't train our next generation in the principles of capitalism and the freedom that it how it decentralizes Their personal economy, and they get excited about Bitcoin, but that's not productive. I'm not putting it down. I'm just saying it's not productive. You have to be productive. You want to have a decentralized currency. Yes, you want to decentralize productivity. That's Main Street capitalism. If kids who never get a chance to be in the productive economy get to vote at 1819, 2021, 22 before they've ever earned a paycheck, before they have any idea, never run a business. Somebody tells them, hey, those guys that have all that money and property, they cheated. It's not fair. We need to take from them. We need to limit them, not thinking, Oh, well, if I do that, when I get to be there, that what I'm voting for is going to get on me. Right now, Keith, there are kids in ninth grade who are going to vote for your next president, right? Keith Weinhold 45:56 And they think capitalism is evil. This is part of what you're doing with the raising capitalists project, helping younger people think differently. Russ, I have one last thing to ask you. This has to do with the capitalism that you're championing on your platforms now. And real estate, I continue to see sometimes I get comments on my YouTube channel, especially maybe it's more and more people increasingly saying, Hey, I think housing should be a human right. So talk to us about that. And maybe it's interesting, Russ, if I take the other side of it and play devil's advocate, people who think housing is a human right, they say something like, the idea is that housing, you know, it's a fundamental need, just like food and clean water and health care are without stable housing. It's incredibly hard for a person to access opportunities like work and education or health care or participate meaningfully in society at all. So government ought to provide housing for everybody. What are your thoughts there? Russell Gray 46:54 Well, it's inherently inflationary, which is the root cause of the entire problem. So anytime you create consumption without production, you're going to have more consumers than producers, and so you're going to have more competition for those goods. The net, net truth of what happens in that scenario are shortages everywhere. Every civilization that's ever tried any form of system where people just get things for free because they need them, end up with shortages in poverty. It doesn't lift everybody. It ruins everything. I mean, that's not conjecture. That's history, and so that's just the way it works. And if you just were to land somebody on a desert island and you had an economy of one, they're going to learn really quick the basic principles of capitalism, which is production always precedes consumption, always 100% of the time, right? If you're there on that desert island and you don't hunt fish or gather, you don't eat, right? You don't get it because, oh, it's a human right to have food. Nope, it's a human right to have the right to go get food. Otherwise, you're incarcerated, you have to have the freedom of movement to go do something to provide for yourself, but you cannot allow people to consume without production. So everybody has to produce. And you know, if you go back to the Plymouth Rock experiment, if you're familiar with that at all, yeah, yeah. So you know, just for anybody who doesn't know, when the Pilgrims came over here in the 1600s William Bradford was governor, and they tried it. They said, Hey, we're here. Let's Stick Together All for one and one for all. Here's the land. Everybody get up every day and work. Everybody works, and everybody eats. They starved. And so he goes, Okay, guys, new plan. All right, you wine holds. See this little plot of land, that's yours. You work it. You can eat whatever you produce. Over there, you grace. You're going to do yours and Johnson's, you're going to do yours, right? Well, what happened is now everybody got up and worked, and they created more than enough for their own family, and they had an abundance. And the abundance was created out of their hunger. When they went to serve their own needs, they created abundance forever others. That's the premise of capitalism. It's not the perfect system. There is no perfect system. We live in a world where human beings have to work before they get to eat. When I say eat, it could be having a roof over their head. It could be having clothes. It could be going on vacation. It could be having a nice car. It could be getting health care. It doesn't matter what it is, whatever it is you need. You have the right, or should have, the right, in a free system to go earn that by being productive, but the minute somebody comes and says, Oh, you worked, and I'm going to take what you produced and give it to somebody else who didn't, that's patently unfair, but economically, it's disastrous, because it incentivizes people not to work, which creates less production, more consumption. I have another analogy with sandwich makers, but you can imagine that if you got a group if you got a group of people making sandwiches, one guy starts creating coupons for sandwiches. Well then if somebody says, Okay, well now we got 19 people providing for 20. That's okay, but then all the guys making sandwiches. Why making sandwiches? I'm gonna get the coupon business pretty soon. You got 18 guys doing coupons, only two making sandwiches. Not. Have sandwiches to go around all the sandwiches cost tons of coupons because we got way more financialization than productivity, right? That's the American economy. We have to fix that. We can't have people making money by just trading on other people's productivity. We have to have people actually being productive. This is what I believe the administration is trying to do, rebuild the middle class, rebuild that manufacturing base, make us a truly productive economy, and then you don't have to worry about these things, right? We're going to create abundance. And if you don't have the inflation is which is coming from printing money out of thin air and giving to people who don't produce, then housing, all sudden, becomes affordable. It's not a problem. Health care becomes affordable. Everything becomes affordable because you create abundance, because everybody's producing the system is fundamentally broken. Now we have to learn how to profit in it in its current state, which is what you teach people how to do. We also have to realize that it's not sustainable. We're on an unsustainable path, and we're probably nearing that event horizon, the path of no return, where the system is going to break. And the question is, is, how are you going to be prepared for it when it happens? Number two, are you going to be wise enough to advocate when you get a chance to cast a vote or make your voice heard for something that's actually going to create prosperity and freedom versus something that's going to create scarcity and oppression? And that's the fundamental thing that we have to master as a society. We got to get to our youth, because they're the biggest demographic that can blow the thing up, and they're the ones that have been being indoctrinated the worst. Keith Weinhold 51:29 Yes, Fed Chair Jerome Powell himself said that we live in a economic system today that is unsustainable. Yes, the collectivism we touched on quickly descends into the tyranny of the majority. And in my experience, historically, the success of public housing projects has been or to mixed at best, residents often don't respect the property when they don't have an equity stake in it or even a security deposit tied up in it, and blight and high crime rates have often followed with these public housing projects. When you go down that path of making housing as a human right, like you said earlier, you have a right to go procure housing for yourself, just not to ask others to pay for it for you. Well, Russ, this has been great. It's good to have your voice back on the show. Here again, here on a real estate show. If people want to connect with you, continue to see what you've been up to and the good projects that you're working on, promoting the virtues of capitalism. What's the best way for them to do that? Russell Gray 52:31 I think just send an email to follow at Russell Gray, R, U, S, S, E, L, L, G, R, A, y.com, let you know where I am on social media. I'll let you know when I put out new content. I'll let you know when I'm a guest on somebody somebody's show and I'm on the cusp of getting my own show finally launched. I've been doing a lot of planning to get that out, but I'm excited about it because I do think, like I said, The time is now, and I think the marketplace is ripe, and I do speak Main Street and macro, and I hope I can add a nuance to the conversation that will add value to people. Keith Weinhold 53:00 Russ, it's been valuable as always. Thanks so much for coming back onto the show. Thanks, Keith. Yeah, terrific, historic outline from Russ about the long term decline of the dollar. It's really a fresh reminder and motivator to keep being that savvy borrower. Of course, real estate investors have access to borrow giant sums of dollars and short the currency that lay people do not. In fact, lay people don't even understand that it's a viable strategy at all. Like he touched on, Russ has really been bringing an awareness about how decentralization is such a powerful force that reshapes society. In fact, he was talking about that the last time that I saw him in person a few months ago. Notably, he touched on Nixon era wage and price controls. Don't you find it interesting? Fascinating, really, how a few weeks ago, Trump told Walmart not to pass tariff induced price increases onto their customers. Well, that's a form of price control that we're seeing today to our point, when we had the father of Reaganomics, David Stockman here on the show, five weeks ago, tariffs are already government intervention into the free market, and then a president telling private companies how to set their prices, that is really strong government overreach. I mean, I can't believe that more people aren't talking about this. Maybe that's just because this cycle started with Walmart, and that's just doesn't happen to be a company that people feel sorry for. Hey, well, I look forward to meeting you in person in Miami in just four days, as I'll be a faculty member for when we kick off the terrific real estate guys Investor Summit and see and really getting to know you, because we're going to spend nine days together. Teaching, learning and having a great time on a cruise ship in the Caribbean. Until then, I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 3 55:13 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 55:36 You know whatever you want, the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text. GRE to 66866, while it's on your mind, take a moment to do it right now. Text, GRE to 66866 The preceding program was brought to you by your home for wealth, building, getricheducation.com.
Original Air Date: July 10, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Editorial Supervisor:• John Meston Writer:• Marian Clark Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie by Aaron Kenny https://bit.ly/3kTj0kK
Original Air Date: July 03, 1960Host: Andrew RhynesShow: GunsmokePhone: (707) 98 OTRDW (6-8739) Stars:• William Conrad (Matt Dillion)• Parley Baer (Chester)• Georgia Ellis (Kitty)• Howard McNear (Doc) Special Guests:• Anne Whitfield• Joseph Kearns• Lawrence Dobkin Editorial Supervisor:• John Meston Writer:• Kathleen Hite Producer:• Norman Macdonnell Music:• Rex Koury Exit music from: Roundup on the Prairie...
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