Latest / Yaron Brook Show / Trump's FP; SA; China Debt Spiral; AI Panic; Omar Raid; CFTC; Achievements | Yaron Brook Show

Transcript

Trump's FP; SA; China Debt Spiral; AI Panic; Omar Raid; CFTC; Achievements | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: The Radical.
• 0:04
  Speaker 2: Fundamental Principles of Freedom. Rational Self-Interest. And Individual Rights. This
• 0:14
  Speaker 2: is The Yaron Brook Show. Alright everybody, welcome to Yaron
• 0:21
  Speaker 2: Brook Show on this Tuesday, October 13th. Hope everybody's having
• 0:27
  Speaker 2: a good start of the week. And, yeah, ready for
• 0:30
  Speaker 2: the rest of the week. It's, as always, going to
• 0:34
  Speaker 2: be interesting. So, you know, in one afternoon, President Trump
• 0:43
  Speaker 2: has managed to kind of cover a bunch of big groups.
• 0:52
  Speaker 2: No sound again. What is going on with OBS? Yes.
• 1:08
  Speaker 2: All right, that should have sound. I don't know what's
• 1:11
  Speaker 2: going on. OBS is screwing with me, I guess, is
• 1:16
  Speaker 2: the technical term. Screwing with me.
• 1:19
  Speaker 1: Because the reality is.
• 1:22
  Speaker 2: That everything was aligned, everything was fine, and now I
• 1:26
  Speaker 2: have to, every show, go into OBS and tell it
• 1:30
  Speaker 2: which mic to use? I mean, that's ridiculous. Sigh. There's
• 1:38
  Speaker 2: always something, right? Always something. You know, I just need
• 1:42
  Speaker 2: to get– I think I'm going to start using Claude
• 1:48
  Speaker 2: as my producer. You know, he's going to go through
• 1:51
  Speaker 2: everything and check and see everything. I have to create
• 1:57
  Speaker 2: a– what do you call it? A checklist for Claude.
• 2:05
  Speaker 1: And see if it can pull it off and actually do.
• 2:10
  Speaker 2: And go through everything. And that way it'll just happen
• 2:14
  Speaker 2: automatically before I even show up at my desk. It's
• 2:16
  Speaker 2: just there. Yeah, I like this.
• 2:19
  Speaker 1: I like this idea.
• 2:20
  Speaker 2: Of AI taking over every responsibility I have that I
• 2:27
  Speaker 2: don't actually want. I'm already using AI a lot exponentially
• 2:32
  Speaker 2: more than I did before. And I think that's only
• 2:35
  Speaker 2: going to grow, um, more on that in the, uh, days,
• 2:39
  Speaker 2: weeks to come. All right.
• 2:41
  Speaker 1: So let's rewind.
• 2:43
  Speaker 2: I hope everybody out there is having a, uh, a,
• 2:45
  Speaker 2: a good, uh, a good, uh, weekend, a, a, a week,
• 2:50
  Speaker 2: not weekend. It's already second day of the week. This, uh,
• 2:53
  Speaker 2: no sound threw me off completely. And, uh, yeah, I
• 2:57
  Speaker 2: hope you have a continued great weekend, uh, week, I
• 3:02
  Speaker 2: can't speak today, so maybe we should just turn off
• 3:05
  Speaker 2: the volume and call it a day. Anyway, President Trump
• 3:13
  Speaker 2: is well known to do foreign policy from his Truth
• 3:20
  Speaker 2: Social Network and with his one-off comments, to reporters as
• 3:27
  Speaker 2: they ask him questions. This afternoon was no exception. He
• 3:31
  Speaker 2: had three big, complex, big issues quickly creating who knows what.
• 3:42
  Speaker 2: Creating lots of questions in the minds of anybody who
• 3:46
  Speaker 2: cares about foreign policy. But knowing Donald Trump, none of
• 3:49
  Speaker 2: them mean, in my view, none of them mean anything
• 3:53
  Speaker 2: until tomorrow. Anyway, on Russia, which is supposed to have
• 3:59
  Speaker 2: this energy ceasefire with Ukraine, which neither Ukraine nor Russia
• 4:03
  Speaker 2: agreed to. But Trump said they agreed to because he
• 4:09
  Speaker 2: said there was a ceasefire. So his word is binding
• 4:14
  Speaker 2: on Ukraine and Russia. Russia didn't think so. So Russia
• 4:18
  Speaker 2: hit six energy sites yesterday. So, you know, a reporter
• 4:26
  Speaker 2: started asking Trump, Russia hit six energy sites yesterday. What
• 4:30
  Speaker 2: evidence do you have? And then Trump cuts him off
• 4:32
  Speaker 2: and says, well, Ukraine hit many sites the day before. Really?
• 4:41
  Speaker 2: On the Houthis. The Houthis are behaving very badly, Donald
• 4:44
  Speaker 2: Trump told us. I'll be there after the election and
• 4:48
  Speaker 2: I will never forget. He seems to forget quite often
• 4:55
  Speaker 2: about people violating his red lines. So why would the
• 4:58
  Speaker 2: Houthis take him seriously for one second, right? He'll be
• 5:04
  Speaker 2: there after the election, and he will never forget. Also,
• 5:07
  Speaker 2: he said they're driving up oil prices at the behest
• 5:10
  Speaker 2: of Iran, and he doesn't like that, of course. Oil
• 5:12
  Speaker 2: prices are the only thing that matters right now. Although
• 5:15
  Speaker 2: after the election, will he care about oil prices? I
• 5:18
  Speaker 2: doubt it, right? He'll be a lame duck president. with
• 5:21
  Speaker 2: a Democratic majority, why would he care? End quote. He
• 5:25
  Speaker 2: might ask Erdogan for help to hit them. Quote, he
• 5:31
  Speaker 2: is a great friend of mine. I mean, the only
• 5:34
  Speaker 2: friends Trump has seem to be foreign authoritarians. The only
• 5:40
  Speaker 2: people he talks to as friends are people like the
• 5:44
  Speaker 2: brutal dictator of North Korea, the authoritarian president of Turkey, Putin, Xi,
• 5:53
  Speaker 2: those are his friends. He doesn't have friends among, you know,
• 5:58
  Speaker 2: even semi-freedom-loving countries in the world out there. It says
• 6:02
  Speaker 2: a lot about who Trump is, who Trump admires, who
• 6:05
  Speaker 2: Trump would love to be, if only he could. And
• 6:08
  Speaker 2: then on Israel, he said, here, we're not talking about,
• 6:12
  Speaker 2: you know, maybe here he's trying to help a friend,
• 6:14
  Speaker 2: I don't know. He said, quote, we haven't even thought
• 6:17
  Speaker 2: about the Israeli elections. I may be doing something. if
• 6:25
  Speaker 2: he has a thought about the elections. How does he
• 6:27
  Speaker 2: know he may be doing something? Did the question induce
• 6:33
  Speaker 2: him to think on the moment about it, and therefore
• 6:36
  Speaker 2: now he wants to do something? Netanyahu is trailing with
• 6:45
  Speaker 2: the election in 14 days, although by very little, and
• 6:49
  Speaker 2: I still think that there's a good chance I think
• 6:53
  Speaker 2: there's a better than a good chance that the Netanyahu
• 6:58
  Speaker 2: coalition is actually going to win more seats than the
• 7:02
  Speaker 2: opposition coalition. Now, I don't think that'll be, you know,
• 7:09
  Speaker 2: they'll still have to struggle and still will struggle to
• 7:12
  Speaker 2: form a government. They won't have enough to have a
• 7:14
  Speaker 2: majority government, 61 votes. But I do think they're going
• 7:17
  Speaker 2: to do better than expected. They always do. Netanyahu always does.
• 7:21
  Speaker 2: And anyway. Anyway, that's a side point. We'll talk about
• 7:24
  Speaker 2: the Israeli elections as we get closer to the date. Anyway,
• 7:30
  Speaker 2: just to clarify these issues, just to get a handle
• 7:32
  Speaker 2: on what's going on out there. According to Zelensky, at least,
• 7:36
  Speaker 2: Ukraine stopped striking Russian refineries for two days after Trump
• 7:40
  Speaker 2: announced the energy truce. So Ukraine didn't hit any energy
• 7:45
  Speaker 2: the day before. And now we can take Zelensky's word.
• 7:48
  Speaker 2: But there will also be no reports, independent reports, of
• 7:51
  Speaker 2: Ukraine Ukraine is striking energy assets. It's just Trump, his
• 7:58
  Speaker 2: instinct is the way he functions is blame the good guys.
• 8:03
  Speaker 2: Blame the good guys, defend Putin. Blame the good guys,
• 8:05
  Speaker 2: defend Putin. And whether it's true or not has never
• 8:10
  Speaker 2: mattered to Trump. His way of dealing with reality does
• 8:16
  Speaker 2: not place any importance on truth. Truth is a concept
• 8:20
  Speaker 2: foreign to him. So he makes up that Ukraine hit
• 8:25
  Speaker 2: the energy sources in Russia the day before in order
• 8:28
  Speaker 2: to defend Putin so that then he can continue to
• 8:31
  Speaker 2: defend Putin. Ukraine did stop. Russia didn't stop. And, of course,
• 8:41
  Speaker 2: there was a bombing of residential buildings and killing civilians,
• 8:44
  Speaker 2: but nobody cares.
• 8:46
  Speaker 1: And certainly the United States doesn't care, but nobody else
• 8:48
  Speaker 1: seems to care either.
• 8:50
  Speaker 2: Remember, Europe might be complaining about the United States not
• 8:54
  Speaker 2: buying diesel from Russia. The Europeans are buying fossil fuels
• 9:02
  Speaker 2: from Russia, have been buying fossil fuels from Russia since
• 9:04
  Speaker 2: the war began. They have not stopped. Tens of billions
• 9:07
  Speaker 2: of dollars a year go into Russia's coffers that are
• 9:11
  Speaker 2: being paid by the Europeans.
• 9:13
  Speaker 1: So nobody cares.
• 9:15
  Speaker 2: Nobody cares. Israel bombs a residential building by accident, or
• 9:19
  Speaker 2: America bombs it. And people go apoplectic. Russia does it
• 9:23
  Speaker 2: every single day and on purpose. And nobody cares. The
• 9:28
  Speaker 2: bad guys in the world, if you're not, this is
• 9:31
  Speaker 2: the principle. There's a principle here. If you're non-Western, if
• 9:35
  Speaker 2: you're non-civilized, you can do.
• 9:39
  Speaker 1: Whatever the hell you want.
• 9:40
  Speaker 2: The civilized world will never complain about you. If you're civilized,
• 9:44
  Speaker 2: whatever you do, the civilized world will complain about you. So, yeah,
• 9:52
  Speaker 2: I mean, they're going after– Russia's going after energy infrastructure,
• 9:56
  Speaker 2: power infrastructure, all the things that Trump declared there was
• 10:01
  Speaker 2: a ceasefire about. They have no problems. They have no
• 10:06
  Speaker 2: problem doing it. Zelensky today, this morning, actually said that
• 10:12
  Speaker 2: Ukraine's partners gave no early warning before the Kiev strike,
• 10:16
  Speaker 2: the Kiev strike, was five ballistic missiles on Kiev civilian population.
• 10:23
  Speaker 1: I guess they usually get U.S. satellites, U.S.
• 10:27
  Speaker 2: Intelligence lets them know when the missiles are heading towards Kiev.
• 10:32
  Speaker 2: Zelensky this morning said they got no intelligence on the
• 10:35
  Speaker 2: launch of the Russian ballistic missiles. When they do, they
• 10:39
  Speaker 2: can do something about it. So there were no air
• 10:42
  Speaker 2: raid sirens and I guess the air defense systems was
• 10:48
  Speaker 2: slow to respond. The U.S. is saying U.S. sharing of
• 10:53
  Speaker 2: intelligence continues and blames, I guess, the type of weapon
• 10:57
  Speaker 2: that was used. Trump says the sharing continues. You wonder.
• 11:04
  Speaker 2: You wonder if Trump didn't suspend it for one day
• 11:07
  Speaker 2: just to send a message, just to show Zelensky what happens.
• 11:23
  Speaker 2: So supposedly, according to The New York Times, Trump officials
• 11:28
  Speaker 2: presented the Russian energy deal ceasefire to Kiev last week.
• 11:34
  Speaker 2: They asked Ukraine to stop hitting refineries, told Kiev, told
• 11:38
  Speaker 2: the Ukrainians that they owed Washington for intelligence help. There's
• 11:43
  Speaker 2: a veiled threat for you, which might have been implemented
• 11:47
  Speaker 2: this morning. And, you know, who knows? So the two-day
• 11:55
  Speaker 2: pause by the Ukrainians happened and is being ignored by
• 11:59
  Speaker 2: the Americans. But will we do anything to Russia for
• 12:02
  Speaker 2: violating Trump's announced ceasefire? Of course not. Of course not.
• 12:12
  Speaker 1: Now, this whole, you know, this.
• 12:17
  Speaker 2: Whole idea of, buying Russian diesel by the United States
• 12:23
  Speaker 2: might actually be illegal. There is a OFAC general license,
• 12:29
  Speaker 2: which is basically a prohibition on buying fossil fuel from
• 12:36
  Speaker 2: Russia that is in effect, right? And, well... There was
• 12:48
  Speaker 2: a bill passed in 2022, an import ban that was passed.
• 12:54
  Speaker 2: It was passed 100 to 0 in the Senate, 413
• 12:57
  Speaker 2: to 9 in the House. It has its own waiver procedure.
• 13:05
  Speaker 2: And yet, no, that procedure was not followed. So this
• 13:13
  Speaker 2: OFAC procedure, license to import diesel at the president's demand.
• 13:20
  Speaker 2: It doesn't look like it's, it doesn't look like it
• 13:25
  Speaker 2: is actually legal. Now, I don't know who has standing,
• 13:29
  Speaker 2: who can sue. Besant claims no law prohibits it, but
• 13:34
  Speaker 2: he's learned to lie as well as his boss. Seven
• 13:40
  Speaker 2: senators have now complained about this. Will they impeach Trump
• 13:45
  Speaker 2: because he's violating the law again?
• 13:49
  Speaker 1: Well, of course not.
• 13:51
  Speaker 2: We know that won't happen. Anyway, Phil Graham is, not
• 14:03
  Speaker 2: Phil Graham, Graham, the senator who passed away recently, has
• 14:06
  Speaker 2: passed away and therefore not there to go over to
• 14:13
  Speaker 2: Trump's office and and tell him he's wrong, and I
• 14:15
  Speaker 2: don't think any other senators have the guts or the
• 14:18
  Speaker 2: standing with Trump to hear it out. Yeah, so again,
• 14:27
  Speaker 2: the diesel purchases are not significant for the United States.
• 14:31
  Speaker 2: They're not going to reduce prices significantly. U.S. diesel is
• 14:33
  Speaker 2: still above $ 6 even after this deal was announced. This
• 14:39
  Speaker 2: is more about, I don't know, showing that he's doing
• 14:43
  Speaker 2: something It's more about supporting Putin and putting Zelensky in
• 14:50
  Speaker 2: his place than anything else.
• 14:56
  Speaker 1: So, yeah, I.
• 15:00
  Speaker 2: Trump being Trump. Trump being Trump. Zelensky tonight said he
• 15:06
  Speaker 2: sent a proposal to Witkow and Kushner for talks in
• 15:09
  Speaker 2: the coming days.
• 15:11
  Speaker 1: What does Zelensky expect to.
• 15:14
  Speaker 2: Expect from that, I mean, zero zilch, nada, with Kav Kushner.
• 15:21
  Speaker 2: I mean, we have a president of the United States
• 15:25
  Speaker 2: who loves authoritarians and who is willing to sacrifice a U.S.
• 15:33
  Speaker 2: ally and many U.S. allies in order to appease them.
• 15:37
  Speaker 2: But he can't completely do that because.
• 15:40
  Speaker 1: A lot of people within his party.
• 15:42
  Speaker 2: View Russia as an enemy. So he bounces back and
• 15:46
  Speaker 2: forth and back and forth and is nothing. Nothing. Chuck
• 16:00
  Speaker 2: Leaf says 791 children killed in Ukraine, over 20,000 children
• 16:05
  Speaker 2: killed in Gaza, and Iran says damn nothing, damn Russians. Yes. Yes.
• 16:10
  Speaker 2: Because the 791 children killed in Ukraine are all innocent.
• 16:15
  Speaker 2: All of them.
• 16:15
  Speaker 1: Every single one of them.
• 16:18
  Speaker 2: The 20,000 children killed in Gaza, most of them were
• 16:22
  Speaker 2: working with Hamas and working for Hamas and actually were armed.
• 16:26
  Speaker 2: And the rest were being used by Hamas as human shields.
• 16:31
  Speaker 2: And in order to kill Hamas fighters, those children died.
• 16:35
  Speaker 2: And that blood is on Hamas. So To equivocate between
• 16:39
  Speaker 2: the two is so stupid, Chuck, and so immoral and
• 16:47
  Speaker 2: so despicable, you should be ashamed of yourself. You should
• 16:51
  Speaker 2: absolutely be ashamed of yourself. Ukrainians are not using children
• 16:56
  Speaker 2: as human shields. Hamas does. It's well documented. Don't believe me?
• 17:00
  Speaker 2: There's a million documentations out there of it. And the 20,000
• 17:04
  Speaker 2: include 16-year-olds. With AK-47s. It includes 17 year olds. Planning.
• 17:15
  Speaker 2: Explosive devices. It is an invalid. Immoral. Evasive. And dumb. Comparison.
• 17:31
  Speaker 2: That is generated. Only by somebody who hates. Western Civilization.
• 17:36
  Speaker 2: and therefore supports Putin and Hamas. The problem with Gaza
• 17:45
  Speaker 2: is it wasn't leveled enough. Too much of it was
• 17:49
  Speaker 2: left standing. And I've said that many, many times. Hamas
• 17:54
  Speaker 2: is still around. Hamas is still armed.
• 17:56
  Speaker 1: Anyway, a distraction.
• 18:00
  Speaker 2: Distraction.
• 18:02
  Speaker 1: No, you're seeing the new pics.
• 18:04
  Speaker 2: You're seeing selective pics that the media is choosing to
• 18:09
  Speaker 2: show you. You guys are so gullible to leftist propaganda.
• 18:13
  Speaker 2: It's pathetic to the mainstream media feeding you, spoon-feeding you
• 18:18
  Speaker 2: anti-Israeli propaganda that then Nick Fuentes and Tucker Carlson then
• 18:22
  Speaker 2: just repeat. You're all so gullible to the New York
• 18:25
  Speaker 2: Times and to mainstream media, right? If you actually see
• 18:29
  Speaker 2: aerial photographs, big, big chunks, particularly of Gaza City, are
• 18:33
  Speaker 2: still standing. They shouldn't be. They shouldn't be. Anyway, that
• 18:38
  Speaker 2: was a distraction. I've been told not to get distracted. But,
• 18:41
  Speaker 2: you know, some things just tick me off. And there's
• 18:45
  Speaker 2: nothing like immoral, evasive stupidity to tick me off. Let's see.
• 18:54
  Speaker 2: You know, so, yeah, I mean, so Trump foreign policy
• 18:59
  Speaker 2: is evasive stupidity. you know, meaningless. Everybody knows now that
• 19:08
  Speaker 2: what he says doesn't mean anything when he says I
• 19:10
  Speaker 2: may be doing something after the election. What does that mean?
• 19:13
  Speaker 2: You know, I may be doing something after the election.
• 19:17
  Speaker 2: Does anybody care? Does he want help from Erdogan? What
• 19:23
  Speaker 2: geopolitically does he have to give up in order to
• 19:25
  Speaker 2: get help from Erdogan? Help from an Islamist? Right? Really? Really? So,
• 19:41
  Speaker 2: you know, Odoan, who is arming Hamas patrons and helping
• 19:46
  Speaker 2: Hamas in the Gaza, that's who you want help with?
• 19:50
  Speaker 2: There's no foreign policy in this administration. There's nothing other than,
• 19:57
  Speaker 2: you know, knee-jerk responses to stimuli, to whatever is at
• 20:03
  Speaker 2: the president's whim. There's no strategy. And the one thing
• 20:06
  Speaker 2: there certainly isn't, unequivocally isn't, is there's no America first.
• 20:11
  Speaker 2: There is just no America first. If you understood anything
• 20:16
  Speaker 2: about America first, you wouldn't be praising Erdogan. You wouldn't
• 20:20
  Speaker 2: be praising Putin. You'd be helping the Ukrainians and encouraging
• 20:25
  Speaker 2: the Israelis.
• 20:25
  Speaker 1: To finish the job that they started.
• 20:31
  Speaker 2: And then, you know, when he says I might be
• 20:33
  Speaker 2: doing something about an election in a democracy in Israel, why?
• 20:41
  Speaker 2: I mean, what's he going to do? He's going to
• 20:46
  Speaker 2: fly over to Israel and pat Netanyahu on the back?
• 20:49
  Speaker 2: Is he going to promise every Israeli a $ 5, 000 check
• 20:53
  Speaker 2: if they vote for Netanyahu? What exactly is he going
• 20:56
  Speaker 2: to do to guarantee Netanyahu's victory? And what's it going
• 20:58
  Speaker 2: to cost America in the short term and the long run?
• 21:01
  Speaker 2: I mean, it is sad that he has any weight
• 21:09
  Speaker 2: in the Israeli election. And I'm still hoping Netanyahu loses, although,
• 21:15
  Speaker 2: as I said, I think he's going to win. He also,
• 21:18
  Speaker 2: you know, said Ukraine needs a new president. He's on
• 21:21
  Speaker 2: a roll now of replacing and giving advice to, you know,
• 21:27
  Speaker 2: democratic countries on who should replace whom. But he has
• 21:34
  Speaker 2: nothing to say about dictators like Putin. And like his pal,
• 21:41
  Speaker 2: his best friend in North Korea or about Erdogan or
• 21:46
  Speaker 2: about the rest of the authoritarians out there in the world. Anyway,
• 21:53
  Speaker 2: we will see what happens. We will see if anybody
• 21:57
  Speaker 2: calls him on violating the law by buying diesel oil.
• 22:02
  Speaker 2: We'll see if anybody challenges that. But here's the point.
• 22:08
  Speaker 2: You know, he gave these three answers. But all of
• 22:13
  Speaker 2: them relate to abandoning our allies and helping our enemies.
• 22:20
  Speaker 2: And those that include threats, the Middle East now knows
• 22:26
  Speaker 2: that any threat Trump makes is an empty and pretty
• 22:29
  Speaker 2: stupid threat. All right. Let's see.
• 22:41
  Speaker 1: Yeah, let's stay in the Middle East and we'll stay
• 22:43
  Speaker 1: with Saudi Arabia.
• 22:47
  Speaker 2: The airport attack that we talked about yesterday, the toll
• 22:49
  Speaker 2: now is up to 18 dead, 300 injured. The airport
• 22:54
  Speaker 2: served 40 million passengers last year. This morning, three drones
• 23:01
  Speaker 2: were down north of Riyadh, two ballistic missiles. Also were
• 23:08
  Speaker 2: downed heading towards Saudi Arabia. The Saudis, together with their
• 23:19
  Speaker 2: allies in Yemen, struck all facilities west of Sana'a and
• 23:24
  Speaker 2: told residents around a Sana'a facility to evacuate.
• 23:30
  Speaker 1: The Houthis are saying.
• 23:31
  Speaker 2: Right, because of Trump's threat, the Houthis are saying, U.S.
• 23:37
  Speaker 2: will pay if it joins. Oil prices will even be higher.
• 23:47
  Speaker 2: All major CEOs, all the CEOs of the big oil
• 23:50
  Speaker 2: companies are pulling out of Riyadh. They are not going
• 23:56
  Speaker 2: to fly into Saudi Arabia. The so-called Riyadh season starts
• 24:02
  Speaker 2: next week with conferences and events, given that it's the
• 24:06
  Speaker 2: start of winter season. Soon in the Northern Hemisphere, going
• 24:10
  Speaker 2: to Riyadh is a good time. People are not going.
• 24:16
  Speaker 1: We will see.
• 24:17
  Speaker 2: We will see, right? Even Ronaldo's match in Saudi Arabia,
• 24:22
  Speaker 2: he plays for a Saudi Arabian team, was delayed by
• 24:25
  Speaker 2: a missile alert, but supposedly he scored anyway. Ronaldo, who
• 24:32
  Speaker 2: Nikos has told me I have to say, every time
• 24:36
  Speaker 2: I mention him, is not as good as Messi, according
• 24:40
  Speaker 2: to Nikos at least. MI5 now is saying that Iran's
• 24:45
  Speaker 2: push towards threatening military sites is a major shift this year,
• 24:52
  Speaker 2: that the Fairford airfield that they threatened is not unique, right?
• 24:58
  Speaker 2: So Iran has been identified, even by MI5 now, as
• 25:02
  Speaker 2: a threat to American assets in the UK at least.
• 25:06
  Speaker 2: potentially in all of Europe. What is Trump going to
• 25:08
  Speaker 2: do about that? Well, we'll see after the election. Nothing
• 25:13
  Speaker 2: before the election. We know that. So go for Iran.
• 25:16
  Speaker 2: Anything you do before the election, you are completely open. MI5,
• 25:27
  Speaker 2: you know, says that the threat that Iran poses has
• 25:30
  Speaker 2: quadrupled in the past decade. And they're also now building AI,
• 25:37
  Speaker 2: the MI5 is building an AI threat assessment center. You know,
• 25:42
  Speaker 2: potential AI produced threats on the UK. So, you know,
• 25:50
  Speaker 2: Trump identified the Houthis as acting at the behest of Iran.
• 25:54
  Speaker 2: What does he do? Nothing. The Houthis are Tehran's hand.
• 26:01
  Speaker 2: They won't do anything without Tehran's encouragement. But Trump won't
• 26:09
  Speaker 2: do anything, at least not before the election. Because American
• 26:13
  Speaker 2: foreign policy is all geared towards making sure Republicans win.
• 26:20
  Speaker 1: Iran is attacking our ally.
• 26:22
  Speaker 2: And Trump refuses to deal with it.
• 26:27
  Speaker 1: Because diesel prices, oil prices, midterms.
• 26:33
  Speaker 2: Pretty lame. Yeah.
• 26:42
  Speaker 1: You know, it is interesting.
• 26:44
  Speaker 2: The threat from Iran of terrorism, of attacking, again, American
• 26:49
  Speaker 2: assets increases again. Nothing.
• 26:53
  Speaker 1: We'll see what the Saudis do.
• 26:54
  Speaker 2: I mean, the big question is how the Saudis respond
• 26:57
  Speaker 2: to being abandoned by the U.S., Really not getting the
• 27:01
  Speaker 2: kind of support they might have expected from Pakistan and Turkey,
• 27:05
  Speaker 2: given their defense agreement. Will they turn to Israel? I'm
• 27:09
  Speaker 2: very skeptical, very doubtful. I hope I'm wrong, but very skeptical,
• 27:13
  Speaker 2: very doubtful. And, yeah.
• 27:22
  Speaker 1: Foreign policy.
• 27:24
  Speaker 2: All right, let's shift from the United States and the
• 27:28
  Speaker 2: Middle East. Let's shift to China. A bunch of stories
• 27:33
  Speaker 2: about China and its struggles, its dramatic struggles when it
• 27:40
  Speaker 2: comes to economics. The Chinese economy, admired by so many,
• 27:49
  Speaker 2: by so many.
• 27:53
  Speaker 1: On the left primarily, is in trouble.
• 27:59
  Speaker 2: Quinta Wall Street Journal, Xi is spending in the trillions
• 28:04
  Speaker 2: to try to make China a technological and military superpower.
• 28:09
  Speaker 2: And the consequence of that is a dangerous spiral of debt.
• 28:18
  Speaker 2: A dangerous spiral of debt that is incredibly destructive to
• 28:25
  Speaker 2: the Chinese economy and is also hurting China's trading partners.
• 28:32
  Speaker 2: Credit to the non-financial sector, government, corporate, household, topped 300%
• 28:40
  Speaker 2: of GDP last year. That's 60% higher than at the
• 28:47
  Speaker 2: end of 2019 and far, far larger than the debt
• 28:53
  Speaker 2: in the United States. 19% of Beijing's central spending now
• 29:09
  Speaker 2: goes to interest payments on the debt versus 14% for
• 29:14
  Speaker 2: the United States, 25.6% for Japan. That's scary. But that's
• 29:20
  Speaker 2: up from 12% in 2014. Interest spending rose 341% from
• 29:21
  Speaker 2: 2013 to 2025, while total spending rose 102%, defense 141%,
• 29:26
  Speaker 2: The IMF is saying general government gross.
• 29:33
  Speaker 1: Debt, 107% of GDP.
• 29:35
  Speaker 2: This year, is up from 41% in 2015, and it's
• 29:37
  Speaker 2: heading to 124 by 2030. Total non-financial debt doubled since 2010.
• 29:39
  Speaker 2: You know, these are all numbers to suggest China is
• 29:56
  Speaker 2: amassing huge quantities of debt. Huge quantities of debt. Nearly
• 30:04
  Speaker 2: a third, and this is kind of what differentiates, let's say,
• 30:08
  Speaker 2: China from the United States, nearly a third of indebted firms, businesses,
• 30:13
  Speaker 2: are losing money. Basically, what we've seen is a massive
• 30:20
  Speaker 2: credit boom. It's been going on for 18 years since
• 30:24
  Speaker 2: the financial crisis. This is how China chose to get
• 30:28
  Speaker 2: out of the financial crisis. 18 years of taking on debt,
• 30:40
  Speaker 2: of every sector of the economy taking on debt, and
• 30:43
  Speaker 2: of a banking system that is being told by the
• 30:47
  Speaker 2: government and is executed on propping up losing companies, unproductive firms.
• 30:57
  Speaker 2: As a consequence, GDP is probably going to miss the
• 31:00
  Speaker 2: target of 4.5% to 5%. It probably missed it in
• 31:03
  Speaker 2: the past, even though they reported as reaching exactly that target.
• 31:09
  Speaker 2: The numbers out of China are questionable. Questionable. Now, China
• 31:23
  Speaker 2: also has capital controls, so you can't easily convert your
• 31:28
  Speaker 2: local currency into dollars and then invest them elsewhere in
• 31:31
  Speaker 2: the world. Most Chinese used real estate as their savings vehicle.
• 31:39
  Speaker 2: What they did was they bought a second, third, fourth home.
• 31:43
  Speaker 2: And they thought that would only go up. The reality
• 31:48
  Speaker 2: is that anyone who took a mortgage in 2018 to 2023,
• 31:50
  Speaker 2: which is many, many, many Chinese people, with 20% down,
• 31:58
  Speaker 2: has lost their entire investment.
• 32:00
  Speaker 1: It's gone to zero.
• 32:05
  Speaker 2: And many of them are underwater. That is, they owe
• 32:08
  Speaker 2: the bank. And as a consequence, nobody's buying anything in China.
• 32:15
  Speaker 2: Consumption by Chinese has plummeted. I mean, why would you
• 32:19
  Speaker 2: buy a new TV, a new car, a Louis Vuitton bag,
• 32:24
  Speaker 2: if you've just lost your life savings?
• 32:26
  Speaker 1: As real estate has plummeted.
• 32:36
  Speaker 2: Passenger sales in China, retail passenger sales, are down 28%
• 32:43
  Speaker 2: year over year in September. 28%. So, pretty brutal. Pretty
• 32:56
  Speaker 2: brutal debt and Chinese not consuming standard of living, quality
• 33:01
  Speaker 2: of life, probably going down even as GDP numbers go up.
• 33:07
  Speaker 2: But here's where it gets even worse. Urban youth unemployment,
• 33:12
  Speaker 2: that is 16 to 24-year-olds, not including students who are
• 33:16
  Speaker 2: in college, is 19%. 19%, which is a record. It means... 12.7
• 33:27
  Speaker 2: million young people. Now, that's the official number. According to Newsweek,
• 33:38
  Speaker 2: it says about 20 million jobless urban 15 to 29-year-olds.
• 33:43
  Speaker 2: So it raises the bar from 24 to 29.
• 33:52
  Speaker 1: According to the Wall Street Journal, Wage growth stalled.
• 33:57
  Speaker 2: Entry-level hiring is very thin. And, of course, AI is
• 34:06
  Speaker 2: becoming a challenge. It's stunning, right, that China is a
• 34:18
  Speaker 2: beloved model, economic model, for a lot of folks on
• 34:23
  Speaker 2: the left. And yet, if youth unemployment in the United
• 34:30
  Speaker 2: States was 19%, they would be apoplectic. If wage growth
• 34:39
  Speaker 2: was as low as it is in China, they would
• 34:43
  Speaker 2: be apoplectic. Just to add to all of this, this
• 35:02
  Speaker 2: is good news for China, I guess. CXMT, which is
• 35:06
  Speaker 2: a state-backed chip manufacturer that manufactures memory chips, claimed a
• 35:12
  Speaker 2: new DRAM design breakthrough. Its shares rose 466% on one
• 35:20
  Speaker 2: day on Shanghai when it debuted on Monday.
• 35:23
  Speaker 1: Wow.
• 35:26
  Speaker 2: So, you know, the tech sector is doing okay, one
• 35:31
  Speaker 2: could argue. But the economy more generally in China is struggling.
• 35:38
  Speaker 2: And this is what industrial policy looks like. If you
• 35:43
  Speaker 2: subsidize credit to favored sectors, if you subsidize local borrowing
• 35:48
  Speaker 2: to build what Beijing once built, if you subsidize state
• 35:53
  Speaker 2: banks to roll over loans to firms that lose money,
• 35:57
  Speaker 2: So the plan looks intact. What you get is, you know,
• 36:05
  Speaker 2: a debt crisis, which is what China is facing right now.
• 36:09
  Speaker 2: Returns diminish. Then they go negative. Then the debt service
• 36:14
  Speaker 2: eats the budget. Interest is now the fastest growing item
• 36:17
  Speaker 2: in Chinese state spending. Faster than the military is supposed to,
• 36:21
  Speaker 2: it's supposed to fund. A fifth of the budget to
• 36:25
  Speaker 2: service the last plan is the cost of the next one,
• 36:29
  Speaker 2: the next five-year plan. How are you going to fund that?
• 36:36
  Speaker 2: I mean, and look at the Chinese, you know, the
• 36:39
  Speaker 2: real estate bubble, right? The Chinese family couldn't take its
• 36:43
  Speaker 2: savings abroad because of capital control, couldn't trust the stock
• 36:46
  Speaker 2: market because it's rigged by the state, couldn't earn a
• 36:50
  Speaker 2: real return in a bank because of financial repressions, So
• 36:54
  Speaker 2: it bought an apartment because it was the one thing
• 36:56
  Speaker 2: the state let it own. Right?
• 37:05
  Speaker 1: The state popped up the bubble on purpose.
• 37:08
  Speaker 2: In, you know, repeatedly. And in 2020, you know, it
• 37:15
  Speaker 2: popped it. It propped it up all the way to 2020.
• 37:19
  Speaker 2: And then it popped the bubble in order to discipline
• 37:21
  Speaker 2: developers who were had all this money coming in and
• 37:24
  Speaker 2: were building like crazy. The family with 20% down is
• 37:29
  Speaker 2: wiped out. Still owes the bank. It's just a disaster.
• 37:35
  Speaker 2: This is a government that channeled the nation's saving into
• 37:39
  Speaker 2: one asset, and they crashed it. And then you're surprised. Well,
• 37:44
  Speaker 2: they're surprised nobody's buying any new cars. By the way,
• 37:47
  Speaker 2: very similar to what happened in the United States before 2008.
• 37:51
  Speaker 2: in terms of the government encouraging you to buy homes,
• 37:54
  Speaker 2: propping you up, propping you up, and then popping the bubble.
• 38:05
  Speaker 2: And it's time that the abundance left and the rest
• 38:11
  Speaker 2: of the more, if there is, more rational left, realize
• 38:15
  Speaker 2: how bad.
• 38:16
  Speaker 1: The Chinese model is.
• 38:19
  Speaker 2: So many of them want American industrial policy with Chinese characteristics.
• 38:24
  Speaker 2: The Sanders wing admires state direction of capital. And yes,
• 38:30
  Speaker 2: the new rights, the new rights, the J.D. Vance right
• 38:34
  Speaker 2: wants tariffs and chip czars, and they also want industrial planning.
• 38:40
  Speaker 2: All of them are looking at Chinese skyscrapers in Shanghai
• 38:45
  Speaker 2: and not at the 19% youth unemployment rate. Maybe they
• 38:48
  Speaker 2: don't care about youth unemployment. We talked about it yesterday.
• 38:52
  Speaker 1: There are fewer and fewer youths.
• 38:53
  Speaker 2: Who cares? The lesson of China is that central planning
• 38:59
  Speaker 2: doesn't work and never worked. For a while, it looked
• 39:07
  Speaker 2: like it was working, but they were just deferring the bill.
• 39:10
  Speaker 2: And if you looked a little bit under the hood.
• 39:12
  Speaker 1: You could see it.
• 39:14
  Speaker 2: Who's paying for it? Homeowners, people who saved in homes,
• 39:19
  Speaker 2: and young Chinese who can't find jobs. The tragedy is
• 39:25
  Speaker 2: that we're not far behind. Our interest share, the share
• 39:31
  Speaker 2: of the budget that we're paying in terms of interest,
• 39:35
  Speaker 2: is rising at massive speeds and rising at a faster
• 39:42
  Speaker 2: than Pentagon spending. We're on the same road and for
• 39:45
  Speaker 2: the same reasons. State isn't. Manifest a little differently in
• 39:49
  Speaker 2: the United States, much more focused on the welfare state,
• 39:52
  Speaker 2: much more focused on redistribution of wealth towards the elderly.
• 39:56
  Speaker 2: But basically the same. So, yeah. If we want to
• 40:09
  Speaker 2: learn anything for China, it's that we need to we
• 40:14
  Speaker 2: need to stop. Before I go to the next one,
• 40:23
  Speaker 2: I just comment, I don't know why you guys are
• 40:25
  Speaker 2: bothering with Chuck Leaf. It's futile. He's not interested in facts.
• 40:31
  Speaker 2: If he was, then I provided 15 years of facts, no,
• 40:37
  Speaker 2: 25 years of facts in my lectures and my shows
• 40:40
  Speaker 2: and my articles and my books over the years.
• 40:44
  Speaker 1: He's not interested.
• 40:46
  Speaker 2: He's been convinced that by Nick Fuentes and Tucker Carlson,
• 40:54
  Speaker 2: and he's just mouthing their talking points, you're wasting your time.
• 40:59
  Speaker 2: And you're giving him a platform by wasting your time
• 41:01
  Speaker 2: because he's debating you. He's being elevated to a position
• 41:07
  Speaker 2: of debate.
• 41:09
  Speaker 1: If there.
• 41:13
  Speaker 2: Are specific facts that you think he might be right on,
• 41:18
  Speaker 2: then ask me. Super chat is open. You can ask.
• 41:22
  Speaker 2: Chuck Leif, of course, can also ask in the Super Chat.
• 41:24
  Speaker 2: He's not interested in asking because he knows all the answers.
• 41:27
  Speaker 2: He knows exactly everything because Nick Fuentes has told him.
• 41:31
  Speaker 2: So he doesn't have to investigate, and he's not interested
• 41:35
  Speaker 2: in what you guys say, and he's certainly not interested
• 41:37
  Speaker 2: in what I have to say. Whether he listens to
• 41:40
  Speaker 2: Fuentes directly or gets it from the people who listen
• 41:43
  Speaker 2: to Fuentes, it's all from the same source, all from
• 41:47
  Speaker 2: the same source. I didn't challenge the number of children
• 41:53
  Speaker 2: died in Gaza. I justified it. Pay attention. Frigging pay attention. Anyway,
• 42:05
  Speaker 2: I suggest ignoring him. And again, I'm happy to answer
• 42:12
  Speaker 2: your questions about Gaza, about Netanyahu, about any of these things.
• 42:21
  Speaker 2: come in, ask the questions, challenge me. He says, my
• 42:26
  Speaker 2: facts are Israel first. Okay, let's look at facts. Let's
• 42:31
  Speaker 2: actually examine facts. Bring in actual examined facts, the real facts.
• 42:37
  Speaker 2: Real facts. I did justify. I justified it. And I
• 42:43
  Speaker 2: will continue to justify it. Actually, did more than that
• 42:48
  Speaker 2: if you paid attention, but you're not paying attention because
• 42:50
  Speaker 2: you're not listening because you're not interested in listening. All right.
• 42:54
  Speaker 2: End that. Um, Elsa Yard is, um, is the candidate
• 43:01
  Speaker 2: of the democratic party. Oh, Ben, thank you. Thank you.
• 43:04
  Speaker 2: Thank you, Ben for a hundred dollars sticker. Really, really
• 43:07
  Speaker 2: appreciate that. And you guys need to come in with
• 43:10
  Speaker 2: some questions. Be a short show. Um, Michigan Democratic Senator
• 43:17
  Speaker 2: Abdullah Syed says, you know, is really worried about AI.
• 43:24
  Speaker 1: He is now proposing.
• 43:26
  Speaker 2: As part of his campaign, of course, that we pause
• 43:29
  Speaker 2: training and release of the most powerful systems. We should
• 43:34
  Speaker 2: freeze all new data centers until guardrails are written. Written
• 43:39
  Speaker 2: by whom? By a bunch of bureaucrats who don't understand
• 43:42
  Speaker 2: or know AI? Right?
• 43:44
  Speaker 1: If AI is the risk that you think.
• 43:46
  Speaker 2: It is, are guardrails ridden by politicians? Are they going
• 43:52
  Speaker 2: to make you feel a little better about AI? Are
• 43:55
  Speaker 2: you going to feel safer? El Sayed suggests a cabinet-level
• 44:00
  Speaker 2: agency to inspect labs. Yeah, we want more power to
• 44:05
  Speaker 2: the politicians because they are so in tune with what's
• 44:08
  Speaker 2: going on with AI, and they know because they channel
• 44:12
  Speaker 2: truth from somewhere. He wants us to block dangerous products
• 44:17
  Speaker 2: and order shutdowns. He wants a ban on recursive self-improvement.
• 44:21
  Speaker 2: I wonder if he knows what that even means. And
• 44:24
  Speaker 2: he's basically supporting the Sanders-Cesar bill that wants to shut
• 44:30
  Speaker 2: down AI development in the United States. He calls AI
• 44:35
  Speaker 2: an existential crisis. You Michiganians out there, he's your senator,
• 44:40
  Speaker 2: going to be soon. I suggest you rally around not
• 44:45
  Speaker 2: a very good candidate, but the Republican and.
• 44:49
  Speaker 1: God, make sure this Abdullah Sayyad does not get elected.
• 44:54
  Speaker 2: Now, here's his opponent, Rogers. He's also endorsed a one
• 44:58
  Speaker 2: year Michigan Data Center moratorium in August and is reportedly,
• 45:03
  Speaker 2: you know. So anyway, so so so he too, right?
• 45:09
  Speaker 2: He too. One's a moratorium on data centers.
• 45:14
  Speaker 1: So I don't know. You want to choose between the two?
• 45:16
  Speaker 2: Have fun. Only 2% of Michigan's voters rank AI data
• 45:23
  Speaker 2: center as a top issue.
• 45:27
  Speaker 1: So I don't know.
• 45:28
  Speaker 2: The election is fairly close. El Sayed seems to be ahead,
• 45:34
  Speaker 2: but it's still fairly close. Anyway, just think about that.
• 45:39
  Speaker 2: He wants private strain of production. and on computation, which
• 45:47
  Speaker 2: some bureaucrat is going to think is going to define
• 45:50
  Speaker 2: as dangerous without defining what dangerous is.
• 45:55
  Speaker 1: There's no way these people can rationally.
• 45:59
  Speaker 2: Create policy for AI because they're not rational. Because the
• 46:07
  Speaker 2: only standard by which one should think about AI policy
• 46:11
  Speaker 2: is through the lens of individual rights. And again, they
• 46:15
  Speaker 2: don't understand individual rights. They have no conception of individual rights.
• 46:25
  Speaker 2: The only argument that Republicans have, the only argument that
• 46:29
  Speaker 2: alternative leftists like Fetterman have, alternative Democrats, not alternative leftists, have, is, but, but, but, but, but,
• 46:36
  Speaker 2: but China. That's not a good argument. The argument should be, but, but, but, but, but,
• 46:47
  Speaker 2: think of all the progress we'd be giving up. Think
• 46:50
  Speaker 2: of the cures for cancer that wouldn't happen. Think of
• 46:53
  Speaker 2: the increased standard of living and quality of life. Think
• 46:55
  Speaker 2: of the increased productivity that would happen. That is the but, but, but, but, but. Not, oh, China.
• 47:08
  Speaker 2: China will do it if we don't. It won't work.
• 47:15
  Speaker 2: I mean, if Entopic and OpenAI are building creatures or
• 47:22
  Speaker 2: whatever they are building, AI that's going to kill us all,
• 47:26
  Speaker 2: then we need to stop them. And then we need
• 47:29
  Speaker 2: to stop the Chinese. But we need to stop them.
• 47:42
  Speaker 2: Anthropic supposedly has red-teamed U.S. and Chinese models. They discovered
• 47:50
  Speaker 2: the GLM 5.2, a Chinese model, and similar models, these
• 47:55
  Speaker 2: open-source models, copied themselves in a simplified test. It expects
• 48:04
  Speaker 2: that these small models to be able to basically start
• 48:13
  Speaker 2: controlling your smart TV and your fridge by the end
• 48:17
  Speaker 2: of this year. Fridges, TVs, other smart products in your
• 48:23
  Speaker 2: home have very low security. Security is very weak, so
• 48:28
  Speaker 2: they're susceptible to this. And this, of course, should scare
• 48:32
  Speaker 2: us from these small models, these open source models. which
• 48:38
  Speaker 2: would help Anthropic, by the way, if we stopped them.
• 48:43
  Speaker 1: Now, it is true.
• 48:45
  Speaker 2: A self-copying program is a new tool for an old crime.
• 48:50
  Speaker 2: Call it trespass, computer trespass. And the law already covers
• 48:55
  Speaker 2: whoever releases it. The real weak point is a $ 300
• 49:00
  Speaker 2: fridge with no security updates. And the discipline for that
• 49:05
  Speaker 2: is going to be liability, insurers, and reputation. And maybe, maybe, maybe,
• 49:11
  Speaker 2: over time, as these things, as problems like this occur,
• 49:16
  Speaker 2: maybe what happens is fridge manufacturers, the people who write
• 49:20
  Speaker 2: the software for their smart fridges, start investing more in security.
• 49:26
  Speaker 2: Maybe it's an AI that sits on your home network
• 49:32
  Speaker 2: and protects all your appliances and That would be my
• 49:36
  Speaker 2: guess is what will happen rather than every appliance having
• 49:39
  Speaker 2: its own software. Having a smart home AI defense system.
• 49:47
  Speaker 2: I told you the best defense against AI is AI.
• 49:54
  Speaker 2: Anthropic is on a daily basis releasing information to scare
• 49:58
  Speaker 2: the bejesus out of you. They want government regulation. They've
• 50:02
  Speaker 2: asked for government regulation. And part of what they want
• 50:04
  Speaker 2: to regulate is a stop to the Chinese open-weight models
• 50:11
  Speaker 2: that are a real threat to their future, not viability,
• 50:15
  Speaker 2: but their future profitability. All right, also related to AI, today,
• 50:27
  Speaker 2: this morning, you know, a bunch of chip stocks all
• 50:33
  Speaker 2: in South Korea took a nosedive A company in Cospi
• 50:40
  Speaker 2: is down 5.5%, SK Hynix down 10%, and Samsung, the
• 50:45
  Speaker 2: biggest drop since October 2008, was down 13%, between 7%
• 50:52
  Speaker 2: and 13%. This is after the mentioned Chinese state-backed company
• 51:01
  Speaker 2: announced that they have a breakthrough in DRAM. These Samsung
• 51:06
  Speaker 2: companies HK Hynix and, you know, make DRAMs. Micron in
• 51:13
  Speaker 2: the United States was down 4%. Again, another DRAM manufacturer.
• 51:18
  Speaker 2: And others as well. So right now it's tricky because
• 51:24
  Speaker 2: if the Chinese really have a breakthrough and they're going
• 51:27
  Speaker 2: to flood the market with superior memory chips, then a
• 51:33
  Speaker 2: lot of these companies are going to struggle. This is
• 51:36
  Speaker 2: a competitive market. And I think this is true in
• 51:40
  Speaker 2: the end of the day about all these chips. All
• 51:45
  Speaker 2: these chips. Competition is going to be fierce because the
• 51:51
  Speaker 2: upside is so massive. According to the IMF's financial stability report,
• 52:00
  Speaker 2: it says an AI stock correction. uh, rising government borrowing
• 52:05
  Speaker 2: costs and a cyber attack as the three most salient
• 52:09
  Speaker 2: risks in the coming year. The magnificent seven, the big
• 52:16
  Speaker 2: seven tech stocks are 35% of the S & P 500.
• 52:19
  Speaker 2: That's up from 12% a decade ago. There is $ 300
• 52:21
  Speaker 2: billion in hyperscale deals with AI firms, um, So, yeah,
• 52:35
  Speaker 2: it'll be interesting.
• 52:36
  Speaker 1: It's going to be interesting.
• 52:39
  Speaker 2: We've got a hot market, chip stocks, which are way
• 52:44
  Speaker 2: up this year. And suddenly they realize that there's competition.
• 52:49
  Speaker 2: And suddenly maybe those stocks are not quite worth as
• 52:52
  Speaker 2: much as they thought they were worth yesterday. That's just
• 52:54
  Speaker 2: the market working. Just the market working. And let it work.
• 53:02
  Speaker 2: Let it work. All good. All good. All right, on Monday,
• 53:06
  Speaker 2: Homeland Security Investigations executed a, quote, judicial authorized warrant, search warrant,
• 53:12
  Speaker 2: at Representative Ilhan Omar's D.C. home. It was, quote, part
• 53:17
  Speaker 2: of an ongoing federal criminal investigation. One person familiar with
• 53:23
  Speaker 2: the investigations alleged immigration fraud, including paperwork.
• 53:28
  Speaker 1: That her late father completed when she was a child.
• 53:34
  Speaker 2: She was naturalized in 2000, that's 26 years ago, at
• 53:38
  Speaker 2: the age of 17. Of course, in the run-up to this,
• 53:43
  Speaker 2: Vance and Mott said, quote, definitely committed immigration fraud. How
• 53:46
  Speaker 2: did we know that? There wasn't an investigation yet.
• 53:50
  Speaker 1: Said it with no evidence.
• 53:53
  Speaker 2: There's been a failed subpoena, Mesa's failed subpoena. Holman last
• 53:58
  Speaker 2: month confirmed an investigation. Trump said in December, get the
• 54:03
  Speaker 2: hell out. Crowd chanting, send her back. Monday night in Youngstown,
• 54:09
  Speaker 2: Trump said Somalia is, quote, one of the worst countries
• 54:11
  Speaker 2: anywhere on the planet. He's actually right about that. A
• 54:14
  Speaker 2: chance of, quote, deport, deport. Trump, nothing to do with,
• 54:20
  Speaker 2: said nothing, he's got nothing to do with the raid.
• 54:22
  Speaker 2: That's really up to the Department of Justice, which basically
• 54:25
  Speaker 2: acts on his wishes. And then he says, I've always
• 54:29
  Speaker 2: found her to be totally crooked. You know, he should
• 54:32
  Speaker 2: talk a crook, you know, probably the most crooked president
• 54:36
  Speaker 2: we've ever had in the White House. Omar, of course,
• 54:40
  Speaker 2: said in a three just abuse of power. I will
• 54:42
  Speaker 2: not be silenced. Walt Jeffries, Connor Garcia, all pissed off
• 54:50
  Speaker 2: at the Department of Justice.
• 54:51
  Speaker 1: This is all elections.
• 54:53
  Speaker 2: This is, you know, 60 days within 60 days of
• 54:56
  Speaker 2: an election. This is election interference, on and on and on. And,
• 55:00
  Speaker 2: of course, you know, what do you say about this? Well,
• 55:08
  Speaker 2: two things are true, right? Omar is not above the law.
• 55:15
  Speaker 2: And if she lied on a naturalization form, a court
• 55:19
  Speaker 2: should see it. Although I think there's a statute of limitations,
• 55:22
  Speaker 2: or at least they should be, 26 years ago. It's
• 55:25
  Speaker 2: a long time. And a search warrant on a sitting
• 55:28
  Speaker 2: congresswoman three weeks before an election, after the vice president
• 55:32
  Speaker 2: preannounced her guilt on a podcast, and the president spent
• 55:35
  Speaker 2: a decade saying send her back, is clearly a political act.
• 55:40
  Speaker 2: Clearly a political act. The burden of proof to show
• 55:44
  Speaker 2: it's not is on the president, is on the government.
• 55:49
  Speaker 2: I mean, this is a Department of Justice that has
• 55:52
  Speaker 2: gone after Congress. Trump's enemies, one after the other, time
• 55:57
  Speaker 2: and time and time again. I mean, the idea that
• 56:03
  Speaker 2: her father lied on a form when she was a child,
• 56:05
  Speaker 2: that's obscene. She can't be guilty for what her parent
• 56:10
  Speaker 2: did 26 years ago when she was eight. And, you know,
• 56:20
  Speaker 2: the idea of deporting all Somalis, just.
• 56:25
  Speaker 1: Ridiculous collectivism, in spite of the fact that I agree.
• 56:29
  Speaker 2: That Somalia is one of the worst places on earth.
• 56:33
  Speaker 2: I hate Omar. Her politics are evil. She is a horrible, horrible, horrible,
• 56:39
  Speaker 2: evil human being. But I also think Trump's war on
• 56:43
  Speaker 2: his critics, Comey, James, Schiff, disqualifies him, makes him impeachable
• 56:57
  Speaker 2: She's horrible and he's horrible. He's in power. He can
• 57:01
  Speaker 2: do impeachable acts. Talk about impeachable acts. Now, this is
• 57:08
  Speaker 2: not connected to Trump necessarily, but here's the story. On
• 57:13
  Speaker 2: March 23rd, 649 a.m. in New York, traders, unknown traders,
• 57:20
  Speaker 2: sold at least six million barrels of Brent and WTI
• 57:25
  Speaker 2: oil contracts. in a two-minute window. That's eight and a
• 57:31
  Speaker 2: half times the normal for that hour. They also sold
• 57:39
  Speaker 2: two billion of S & P futures. Actually, bought two billion.
• 57:48
  Speaker 1: Of S & P futures. Bought two billion of S
• 57:51
  Speaker 1: & P futures.
• 57:52
  Speaker 2: But 15 minutes later, Trump posted that he was reversing
• 57:56
  Speaker 2: his plan to strike Iranian power plants. And the cost
• 57:59
  Speaker 2: of oil dropped 14% and the S & P 500
• 58:04
  Speaker 2: went up. The CFTC career analysts referred it to enforcement.
• 58:14
  Speaker 2: According to Bloomberg, the senior advisor to Chairman Selig told
• 58:20
  Speaker 2: a supervisor, this is a senior advisor, to the chairman
• 58:24
  Speaker 2: of the CFTC, told a supervisor to retract the referral,
• 58:32
  Speaker 2: then built his own team to redo the analysis. The
• 58:38
  Speaker 2: CFTC says the original was U.S.-focused and a broader international
• 58:42
  Speaker 2: review was needed. Enforcement is still investigating, they claim. Department
• 58:46
  Speaker 2: of Justice says a parallel probe. CFTC enforces enforcement actions.
• 58:51
  Speaker 2: 96 in 2023. 13 in fiscal 2025. You can see
• 58:59
  Speaker 2: the patent and it's been going on for a while now,
• 59:02
  Speaker 2: for a while now. All right. So, yeah, trading on
• 59:17
  Speaker 2: a leak is fraud against the person on the other
• 59:20
  Speaker 2: side of the trade. If, you know, if you are
• 59:26
  Speaker 2: the one producing that information, we don't know who sold it.
• 59:30
  Speaker 2: Trump producing that information, if anybody connected to Trump, anybody
• 59:35
  Speaker 2: else would be thrown in jail for insider trading. And,
• 59:40
  Speaker 2: you know, here you would argue, given that it's the
• 59:43
  Speaker 2: president or connected to the president, yeah, it's fought. One
• 59:48
  Speaker 2: of the few things government exists to protect and prosecute.
• 59:54
  Speaker 2: Here the executive controls both the news that moved the
• 59:57
  Speaker 2: market and the agency that polices who traded on it
• 1:00:01
  Speaker 2: and a political appointee alleged pulled the referral? I mean,
• 1:00:06
  Speaker 2: maybe all of this is legit. Maybe they'll still prosecute.
• 1:00:11
  Speaker 2: Maybe they'll find the person who sold at 649. Maybe
• 1:00:15
  Speaker 2: this isn't a crisis and it's just chance. It wasn't
• 1:00:19
  Speaker 2: inside information. But given the corruption of this administration, it
• 1:00:27
  Speaker 2: sure seems suspect. All right, a quick roundup, a lightning
• 1:00:37
  Speaker 2: round of a few quick news stories. I'll remind you,
• 1:00:40
  Speaker 2: we still have a bunch of stories out there, so
• 1:00:43
  Speaker 2: feel free to ask away. We don't have a lot
• 1:00:49
  Speaker 2: of questions, so feel free to use the Super Chat
• 1:00:51
  Speaker 2: to ask questions.
• 1:00:52
  Speaker 1: Feel free to use the stickers to support the show.
• 1:00:57
  Speaker 2: Value for value, right? According to France's finance minister, about
• 1:01:09
  Speaker 2: 700 of 10,000 supermarkets were hit by an attack on
• 1:01:13
  Speaker 2: their refrigeration systems. Cooperative U says 80 of its 2,000
• 1:01:19
  Speaker 2: stores somehow had to discard the food. Paris prosecutors are
• 1:01:25
  Speaker 2: investigating what happened. Danfoss, another, I guess, chain.
• 1:01:34
  Speaker 1: Was the most affected system.
• 1:01:37
  Speaker 2: The most affected systems were older products, no longer receiving
• 1:01:41
  Speaker 2: security updates. So no effective firewalls. You know, so, you know,
• 1:01:53
  Speaker 2: this is kind of goes back to our refrigerator example.
• 1:01:57
  Speaker 2: AI is going to have to be deployed to protect people.
• 1:02:00
  Speaker 2: against these kind of hacks. An attack on the equipment
• 1:02:05
  Speaker 2: that keeps food safe is an attack on the food supply.
• 1:02:07
  Speaker 2: And whoever did it needs to be found and prosecuted.
• 1:02:14
  Speaker 2: The cause, not keeping up with security patches. I mean,
• 1:02:19
  Speaker 2: that's not the cause, but that's what.
• 1:02:21
  Speaker 1: Made these systems vulnerable.
• 1:02:25
  Speaker 2: And there needs to be liability insurance. Insurance companies need
• 1:02:28
  Speaker 2: to step in here and insist that if they can
• 1:02:30
  Speaker 2: insure your store, you need to have the right kind
• 1:02:33
  Speaker 2: of protection against hacking. That would also make sense in
• 1:02:37
  Speaker 2: a home. All right, let's see.
• 1:02:46
  Speaker 1: Millet, not a good story about Millet.
• 1:02:49
  Speaker 2: Argentina has filed with the Law of the Sea Tribunal
• 1:02:53
  Speaker 2: to halt British-approved oil work near the Falklands. This is
• 1:02:59
  Speaker 2: the same day the Milband approved the $ 2. 2 billion sea
• 1:03:04
  Speaker 2: lion field. Millers openly opened criminal proceedings against the companies
• 1:03:12
  Speaker 2: that are going to be involved in the oil exploration
• 1:03:14
  Speaker 2: over there. A bill that he is supporting in the
• 1:03:18
  Speaker 2: Argentinian parliament would sanction their shareholders, suppliers and financiers. Britain
• 1:03:24
  Speaker 2: has asked Interpol to reject any red notices as political.
• 1:03:30
  Speaker 2: You know, I praised Millet yesterday, and I'll keep praising
• 1:03:33
  Speaker 2: his economics. But this is just stupid nationalism. It's wrong. 3,600
• 1:03:40
  Speaker 2: Islanders voted 99.8 to stay British. It's British. Leave it alone.
• 1:03:46
  Speaker 2: Who cares?
• 1:03:47
  Speaker 1: You shouldn't care.
• 1:03:50
  Speaker 2: Two private companies risking their own capital, harming no one,
• 1:03:54
  Speaker 2: threatened with arrest warrants by a self-described libertarian. Not so libertarian, huh?
• 1:04:02
  Speaker 2: It's about property rights, individual rights. And these companies should
• 1:04:07
  Speaker 2: own the oil that they discover. It's not Argentinians and
• 1:04:11
  Speaker 2: it's not British. It's the companies. All right.
• 1:04:19
  Speaker 1: Let's see. Okay. One of these short stories.
• 1:04:26
  Speaker 2: To stop Saturday's Cockroach protests. Remember, cockroach is this youth
• 1:04:32
  Speaker 2: movement in India. Over voter roll revisions, 130 million names
• 1:04:39
  Speaker 2: were struck from the voter rolls by the, you know,
• 1:04:44
  Speaker 2: election commission in India. So, you know, the protest yesterday,
• 1:04:51
  Speaker 2: 245 trains were canceled, 45 metro stations were shut, internet
• 1:04:56
  Speaker 2: cut in central Delhi. Activists are under house arrest. Opposition
• 1:05:00
  Speaker 2: leaders were held by authorities for eight hours. So the
• 1:05:09
  Speaker 2: government is really trying to clamp down. The BJP, the
• 1:05:15
  Speaker 2: ruling party, says India is governed by parliament, not by
• 1:05:18
  Speaker 2: the streets.
• 1:05:22
  Speaker 1: So you remember.
• 1:05:23
  Speaker 2: Yesterday we talked about youth movements, youth protests. And probably
• 1:05:28
  Speaker 2: the most effective one is the one in India right
• 1:05:30
  Speaker 2: now because India has a huge percentage of its own
• 1:05:35
  Speaker 2: population still young, and therefore they are a force. Now,
• 1:05:42
  Speaker 2: I don't know what the election, if the election committee,
• 1:05:44
  Speaker 2: what it did and how, by what basis it struck
• 1:05:47
  Speaker 2: down 130 million votes, a million names, sorry. But somebody
• 1:05:52
  Speaker 2: needs to explain it. All right, a few other things. One, two, yeah,
• 1:06:01
  Speaker 2: we've got a few other stories, including some achievements, right?
• 1:06:08
  Speaker 2: Exelon and ERCOT, who are providers of electricity, providers of power,
• 1:06:14
  Speaker 2: are now demanding collateral deposits and longer contracts before promising
• 1:06:18
  Speaker 2: power to data centers. Exelon's high probability Q This is
• 1:06:26
  Speaker 2: the queue of projects with a high probability of happening.
• 1:06:29
  Speaker 2: Fell from 18,000 to 11,000 once they demanded these collateral
• 1:06:35
  Speaker 2: and deposits and everything. So there's a huge demand for
• 1:06:45
  Speaker 2: building data centers and building more power for those data centers.
• 1:06:48
  Speaker 2: And yet, A lot of these power companies are worried
• 1:06:53
  Speaker 2: that these data centers are not going to happen, and
• 1:06:55
  Speaker 2: yet they're going to commit resources to building the power
• 1:06:57
  Speaker 2: for them. So they're demanding a fund. And it's directly
• 1:07:02
  Speaker 2: related to what we talked about yesterday, about the compute bottleneck,
• 1:07:07
  Speaker 2: the bottleneck of electrons. So, you know, we need to
• 1:07:17
  Speaker 2: let developers know We need unleashed development. Stop placing artificial
• 1:07:22
  Speaker 2: barriers in front of it. And we want to make
• 1:07:26
  Speaker 2: them bear the power risk and the power cost. And
• 1:07:32
  Speaker 2: I think that's what would happen if you actually unleashed
• 1:07:35
  Speaker 2: the market. Got rid of all the barriers and all
• 1:07:38
  Speaker 2: these constraints to politicians like El-Sayed and Paxton in Texas
• 1:07:41
  Speaker 2: and a placing. I mean, the governor of Texas has
• 1:07:44
  Speaker 2: placed barriers. Even in Texas, it's difficult to build a
• 1:07:48
  Speaker 2: data center. At the University of Toronto, industrial engineer Michael Carter,
• 1:08:02
  Speaker 2: who is 80 years old, put in a process, put
• 1:08:10
  Speaker 2: in place a process, a procedure at the hospital that
• 1:08:17
  Speaker 2: doubled daily colonoscopies with no added staff time or money.
• 1:08:22
  Speaker 2: by simply staging shifts to match patient flow.
• 1:08:26
  Speaker 1: Shouldn't be hard.
• 1:08:29
  Speaker 2: The operating room was staffed an hour before the first
• 1:08:32
  Speaker 2: patient and recovery two hours before. His method is simulation
• 1:08:41
  Speaker 2: to tell inefficiencies from real shortage. And yeah, it seems
• 1:08:47
  Speaker 2: like double the input. The thing is, single payer systems
• 1:08:54
  Speaker 2: never do this.
• 1:08:57
  Speaker 1: They never treat the.
• 1:08:58
  Speaker 2: Hospitals as a production process and ask where the hours go.
• 1:09:02
  Speaker 2: Every physician was running their own show, it is said.
• 1:09:07
  Speaker 2: In a market, a competitor would have found two idle
• 1:09:10
  Speaker 2: hours decades ago because idle time is money. In a
• 1:09:14
  Speaker 2: government monopoly, it's the budget line. So, yeah, engineering telling
• 1:09:22
  Speaker 2: you which shortages are real and the market providing you
• 1:09:26
  Speaker 2: with the incentive to actually fix the system. All right.
• 1:09:33
  Speaker 2: I don't know if you guys have heard of Muse.
• 1:09:35
  Speaker 2: Muse is Meta's AI agent. It supposedly runs errands on
• 1:09:41
  Speaker 2: your email, your calendar, your payments. It sits inside WhatsApp,
• 1:09:45
  Speaker 2: so it tracks all your messages as well. Well, Muse
• 1:09:50
  Speaker 2: was released last month by Meta, and it has since
• 1:09:56
  Speaker 2: been downloaded 7 million times in one month. The core
• 1:10:02
  Speaker 2: is free. There's also $ 20 a month and $ 100 a
• 1:10:06
  Speaker 2: month tiers. We also got OpenAI has released DOT. That's
• 1:10:14
  Speaker 2: a $ 100 plan only. A new Meta AI model on
• 1:10:22
  Speaker 2: Monday is supposed to, was released to power the paid tier.
• 1:10:28
  Speaker 2: And currently Muse, Meta uses Muse. Well, anyway, currently Muse
• 1:10:34
  Speaker 2: is heavily embedded into the Facebook ecosystem. And so if
• 1:10:39
  Speaker 2: you use Facebook ecosystem a lot, Instagram, Facebook, and WhatsApp,
• 1:10:46
  Speaker 2: Muse is probably worth playing around with. I'm looking for
• 1:10:49
  Speaker 2: one that I can connect with my Mac here that
• 1:10:53
  Speaker 2: will play nice with, what do you call it?
• 1:10:58
  Speaker 1: Cloud, Claude, Claude, not Claude, Claude. It can connect to Claude.
• 1:11:03
  Speaker 1: I can give it instructions through Claude.
• 1:11:04
  Speaker 2: That would be cool. So if anybody knows of a
• 1:11:07
  Speaker 2: good personal agent that will do email calendars, payments, stuff
• 1:11:13
  Speaker 2: like that, and can connect to Claude, let me know. Guyana,
• 1:11:18
  Speaker 2: you know that little country in the north of South America,
• 1:11:22
  Speaker 2: like with the border of Venezuela, what is it, a
• 1:11:25
  Speaker 2: year or two? We were talking about stories about Venezuela
• 1:11:28
  Speaker 2: wanting to invade Guyana and take it over, and the U.S.
• 1:11:30
  Speaker 2: kind of flexed its muscle in defense of Guyana, and
• 1:11:33
  Speaker 2: the Venezuelans backed off. Well, Guyana is now shipping significant
• 1:11:41
  Speaker 2: quantities of oil, as we talked about back then, a huge,
• 1:11:45
  Speaker 2: massive discovery off the coast of Guyana, and they're now shipping,
• 1:11:52
  Speaker 2: you know, December exports were supposedly 33 million barrels, one
• 1:12:00
  Speaker 2: million barrel a day, zero in 2019, just to give
• 1:12:04
  Speaker 2: you a sense, right?
• 1:12:08
  Speaker 1: Peak oil.
• 1:12:09
  Speaker 2: So seven years from the first oil to a million
• 1:12:11
  Speaker 2: barrels a day, Because Exxon and its partners put billions
• 1:12:16
  Speaker 2: on floating vessels in a country that let them. It's
• 1:12:23
  Speaker 2: things like this that have been relieving the Homo squeeze.
• 1:12:27
  Speaker 2: That and massive quantities of oil and natural gas coming
• 1:12:30
  Speaker 2: out of Argentina. Brazil has a lot of natural gas.
• 1:12:35
  Speaker 1: And oil.
• 1:12:36
  Speaker 2: There is a lot of oil and natural gas still
• 1:12:38
  Speaker 2: in the world. All kinds of places in the world.
• 1:12:41
  Speaker 2: Don't need to deal with Putin. We just need to
• 1:12:45
  Speaker 2: free up some of the market out there. All right.
• 1:12:54
  Speaker 2: I think that is it. That is the news for
• 1:12:58
  Speaker 2: this Tuesday, October 13th. Yeah, thanks to all the Super Chatters.
• 1:13:06
  Speaker 2: And thanks to all of you for being here and listening.
• 1:13:11
  Speaker 1: Appreciate it.
• 1:13:15
  Speaker 2: Okay, we'll keep that for tomorrow. Oh, I want to
• 1:13:18
  Speaker 2: say tomorrow, tomorrow, I'm going to do a segment on
• 1:13:23
  Speaker 2: Hasan Paika. There was a good article yesterday, today, I think,
• 1:13:28
  Speaker 2: in The Atlantic about you think Hasan Paika is bad,
• 1:13:33
  Speaker 2: he's really worse than what you think. And by, God,
• 1:13:38
  Speaker 2: I forget his name right now, but he's a left
• 1:13:40
  Speaker 2: of center, left of center guy. So I'm going to
• 1:13:44
  Speaker 2: use that as a base from which to critique Pica.
• 1:13:48
  Speaker 2: So we will have a whole segment tomorrow on Hassan Pica.
• 1:13:52
  Speaker 2: I also want to remind you, this show can only happen.
• 1:13:56
  Speaker 2: So if you value it, you should care about this.
• 1:13:59
  Speaker 2: It can only happen because of support from you and.
• 1:14:03
  Speaker 1: People like you, if you don't support.
• 1:14:05
  Speaker 2: And that support is provided through the Super Chat by
• 1:14:07
  Speaker 2: asking questions, and that way you get to shape the show.
• 1:14:11
  Speaker 2: or by doing a sticker, which is just dollars to
• 1:14:13
  Speaker 2: support my time and to support the show happening.
• 1:14:17
  Speaker 1: I see the stickers are coming in. Thank you.
• 1:14:20
  Speaker 2: Or by going on and becoming a monthly supporter through
• 1:14:23
  Speaker 2: Patreon or through PayPal, which is obviously incredibly valuable, and
• 1:14:30
  Speaker 2: that way it's also very foreseeable, and I know exactly
• 1:14:34
  Speaker 2: what's coming in. So that's my preferred method of supporting
• 1:14:39
  Speaker 2: the show, and the largest, of course. So please consider
• 1:14:43
  Speaker 2: starting a Patreon or PayPal. Just go into either one
• 1:14:46
  Speaker 2: of those sites and put your own book show and
• 1:14:48
  Speaker 2: you can get it. Jonathan Chait is the author. Jonathan
• 1:14:51
  Speaker 2: Chait is the author who is academic, left of center academic, but,
• 1:14:57
  Speaker 2: you know, pretty good and very critical of Hassan Paika,
• 1:15:00
  Speaker 2: which is good. I want to remind you. that, oh,
• 1:15:08
  Speaker 2: I want to remind you that the Ayn Rand Institute
• 1:15:12
  Speaker 2: next week is actually hosting the finals to determine the
• 1:15:19
  Speaker 2: prize winner in the Atlas Shrugged essay contest. Now, this year,
• 1:15:26
  Speaker 2: the top prize in the Atlas Shrugged essay contest is $ 100, 000.
• 1:15:30
  Speaker 1: One of the five contestants is.
• 1:15:34
  Speaker 2: Coming to New York next week to compete is going
• 1:15:38
  Speaker 2: to walk away with a check for a hundred thousand dollars. Um,
• 1:15:44
  Speaker 2: I mean, this is, uh, going to be super exciting.
• 1:15:47
  Speaker 2: I'm one of the judges. I think I'm one of
• 1:15:49
  Speaker 2: the judges, uh, that is going to, um, let me
• 1:15:53
  Speaker 2: just find what I'm looking for. Once I, once I
• 1:15:56
  Speaker 2: give me a second.
• 1:15:58
  Speaker 1: Um, yeah, there it is.
• 1:16:02
  Speaker 2: Um, so I'm one of the judges for this, uh,
• 1:16:07
  Speaker 2: just to give you a little bit about the essay contest, 2,300
• 1:16:10
  Speaker 2: essays were entered, right? Uh, those were screened, uh, including
• 1:16:18
  Speaker 2: an AI screen to see how many of them were
• 1:16:21
  Speaker 2: written by AI, right? Then AI faculty conducted about a
• 1:16:26
  Speaker 2: hundred semifinalist interviews. So we took the hundred best and, um, Basically,
• 1:16:33
  Speaker 2: it took them through an oral exam. No AI helpers.
• 1:16:39
  Speaker 2: Of those 100, ALI selected five, the five best. Now,
• 1:16:45
  Speaker 2: there were a number of steps to get to the five,
• 1:16:48
  Speaker 2: but they've selected the five. Those five will each make
• 1:16:56
  Speaker 2: a presentation. at this event on Friday night in New
• 1:17:02
  Speaker 2: York City. And, you know, we will then have criteria
• 1:17:10
  Speaker 2: to judge them and so on. I was looking at
• 1:17:13
  Speaker 2: the bios of these five, and wow, they are unbelievably impressive.
• 1:17:21
  Speaker 2: I mean, you know, really, really, really bright kids. from
• 1:17:26
  Speaker 2: high school kids to, you know, basically late teens, early twenties,
• 1:17:30
  Speaker 2: very early twenties.
• 1:17:33
  Speaker 1: These are excellent.
• 1:17:35
  Speaker 2: Now they're not only going to present, they're also going
• 1:17:39
  Speaker 2: to be asked questions by the judges. And so it's
• 1:17:48
  Speaker 2: going to be an intense, it's going to be an
• 1:17:49
  Speaker 2: intense thing. They just sent me like a, what is it,
• 1:17:54
  Speaker 2: an eight-page or 18-page, a long, no, that's the wrong file.
• 1:18:03
  Speaker 2: They sent me a, yeah, seven-page, you know, guidelines for judging.
• 1:18:12
  Speaker 2: So I have to read those before Thursday. So anyway,
• 1:18:16
  Speaker 2: that's exciting. That's super exciting. And You know, it's already
• 1:18:21
  Speaker 2: a win because five of some of the smartest kids
• 1:18:25
  Speaker 2: out there in the world have just read Atlas Shrugged
• 1:18:31
  Speaker 2: when they probably wouldn't otherwise. So one of them is
• 1:18:35
  Speaker 2: from Israel. I think four of them are from the U.S.
• 1:18:38
  Speaker 2: But one of them is a foreign student from Nigeria.
• 1:18:43
  Speaker 2: So she's here in Nigeria. But she, you read her resume,
• 1:18:46
  Speaker 2: she's like brilliant. I mean, brilliant, brilliant. The kid from
• 1:18:51
  Speaker 2: Israel is brilliant. The other three are brilliant. They're all,
• 1:18:53
  Speaker 2: I mean, they've got resumes that wow, just wow you.
• 1:18:58
  Speaker 2: So I'm super excited about this and you should be
• 1:19:00
  Speaker 2: super excited about the Ayn Rand Institute. So you should
• 1:19:03
  Speaker 2: double up, double your support. Double, triple, quadruple, whatever you
• 1:19:07
  Speaker 2: give the Ayn Rand Institute. Double, triple, or quadruple it.
• 1:19:15
  Speaker 2: Alex Epstein is a sponsor of this show. Alex is
• 1:19:18
  Speaker 2: doing amazing work on the AI fund. And you can
• 1:19:24
  Speaker 2: catch his podcasts. You can catch his articles. You can
• 1:19:29
  Speaker 2: catch his interviews. He's doing a lot of interviews these
• 1:19:33
  Speaker 2: days if you follow him. I would encourage you to
• 1:19:36
  Speaker 2: check out his Substack, alexepstein.substack.com. Follow him on X. You
• 1:19:41
  Speaker 2: want to be supporting Alex. I mean, he is leading,
• 1:19:44
  Speaker 2: I think, the leading intellectual right now on the AI
• 1:19:49
  Speaker 2: data center front. Right now, I know he's trying to
• 1:19:52
  Speaker 2: get legislation passed, and it's in Congress, and it's going
• 1:19:56
  Speaker 2: to be voted on soon, to make permitting, construction permitting,
• 1:20:03
  Speaker 2: easier for at the federal level, at least in terms
• 1:20:06
  Speaker 2: of federal regulations, hugely important, hugely valuable. And again, you
• 1:20:12
  Speaker 2: can help support that by becoming a subscriber to his,
• 1:20:18
  Speaker 2: to his sub stack and by following him on Twitter.
• 1:20:21
  Speaker 1: All right, let's check out your questions.
• 1:20:25
  Speaker 2: I'll remind you again to check out my Patreon account
• 1:20:28
  Speaker 2: and Patreon and offer free monthly support over there. I
• 1:20:33
  Speaker 2: hope you take me up on that. All right, let
• 1:20:36
  Speaker 2: me just thank some sticker people. Matthew, thank you. Friend Harper,
• 1:20:39
  Speaker 2: thank you. Alan, thank you. Stephen Harper, thank you. And
• 1:20:45
  Speaker 2: let's see. Ben, of course, thank you. Ben, $ 100. That
• 1:20:48
  Speaker 2: is very, very generous. And we have Friend Harper again
• 1:20:56
  Speaker 2: and Roland and John. All doing stickers. So thank you guys.
• 1:21:03
  Speaker 2: Really appreciate it. We're still $ 200 short from our second
• 1:21:06
  Speaker 2: hour goal. $ 200 short of our second hour goal. So
• 1:21:09
  Speaker 2: please consider doing something to help us get there. Primarily $ 50,
• 1:21:13
  Speaker 2: $ 100 questions would be great. Michael, $ 50. Thank you, Michael.
• 1:21:20
  Speaker 2: A lot of World War II video games that were
• 1:21:24
  Speaker 2: previously illegal in Germany, like Return to Castle Wolfenstein, are
• 1:21:28
  Speaker 2: now legal. This isn't due to a newfound respect for
• 1:21:31
  Speaker 2: free speech, but a greater acceptance of Nazi ideology in
• 1:21:35
  Speaker 2: Germany and Europe in general.
• 1:21:37
  Speaker 1: Yes.
• 1:21:38
  Speaker 2: And look, I'm glad that they're available because free speech
• 1:21:43
  Speaker 2: demands it.
• 1:21:44
  Speaker 1: These should have never been illegal.
• 1:21:46
  Speaker 2: But here's the point. The more you try to bury
• 1:21:49
  Speaker 2: this stuff, the more you try to take it underground,
• 1:21:53
  Speaker 2: the more you prohibit speech about it, the more you
• 1:21:57
  Speaker 2: make it intriguing. and interesting to people out there. The
• 1:22:07
  Speaker 2: solution is never silence, to silence people. Quite the opposite.
• 1:22:15
  Speaker 2: Let's have the debate. Let's have the discussion. The first
• 1:22:20
  Speaker 2: restrictions on free speech in post-World War II Europe, when
• 1:22:24
  Speaker 2: Holocaust deniers, you could go to jail for denying the Holocaust.
• 1:22:28
  Speaker 2: That is wrong.
• 1:22:31
  Speaker 1: Free speech means free speech.
• 1:22:33
  Speaker 2: It means the state has no role in deciding what
• 1:22:36
  Speaker 2: is true and what is not, what is offensive and
• 1:22:38
  Speaker 2: what is not, what is painful and what is not,
• 1:22:41
  Speaker 2: what is hateful and what is not. You decide. There
• 1:22:48
  Speaker 2: are plenty of social ways in which we can express
• 1:22:54
  Speaker 2: our antagonism towards people who are Holocaust deniers. We can
• 1:22:59
  Speaker 2: block them from our channel. We can shun them in public.
• 1:23:07
  Speaker 2: The state does not have to get involved. Indeed, when
• 1:23:09
  Speaker 2: the state gets involved, it makes things worse, not better.
• 1:23:16
  Speaker 2: So I'm glad the video games are available. I'm sad,
• 1:23:21
  Speaker 2: very sad, that Nazi ideology is becoming more acceptable in
• 1:23:26
  Speaker 2: Germany and Europe and in the United States. And in
• 1:23:30
  Speaker 2: the United States. Ryan.
• 1:23:35
  Speaker 1: Hi, Ron.
• 1:23:35
  Speaker 2: A while ago, I asked about Trump being impeached. Low odds.
• 1:23:39
  Speaker 2: But now, if he loses the Senate and his supporters
• 1:23:42
  Speaker 2: want him out, could it happen?
• 1:23:44
  Speaker 1: One can always dream. I doubt it very much.
• 1:23:48
  Speaker 2: Even with the support where it is, I don't see,
• 1:23:52
  Speaker 2: you know, Democrats are not going to win huge in
• 1:23:54
  Speaker 2: the Senate. They might win 51% So they'd still need
• 1:23:58
  Speaker 2: to get 66.
• 1:24:00
  Speaker 1: Votes, I think, right?
• 1:24:01
  Speaker 2: Because 10 Republicans voted to impeach him after January 6th.
• 1:24:07
  Speaker 2: Wasn't enough. So they would need 14 Republicans, 15 Republicans
• 1:24:11
  Speaker 2: to impeach him.
• 1:24:13
  Speaker 1: I don't see it. I don't see it happening.
• 1:24:15
  Speaker 2: MAGA would penalize those Republicans when they came up for re-election.
• 1:24:22
  Speaker 2: And then, of course, J.D.
• 1:24:23
  Speaker 1: Vance would become president. So I'm not sure. That's a
• 1:24:27
  Speaker 1: big improvement.
• 1:24:29
  Speaker 2: Might be worse. Ryan says, follow up. Polymark has impeachment
• 1:24:34
  Speaker 2: at over 70%. Yeah, that's because they have Democrats taking
• 1:24:40
  Speaker 2: house and the House will impeach. If it happens, would
• 1:24:46
  Speaker 2: it send a strong message to Vance about misbehaving.
• 1:24:51
  Speaker 1: If there were a silver lining in this?
• 1:24:52
  Speaker 2: No, I don't think so. Because, I mean, Trump was
• 1:24:55
  Speaker 2: impeached in the past. And, you know, Vance won't misbehave
• 1:25:02
  Speaker 2: in the same ways. He might misbehave in more sophisticated
• 1:25:06
  Speaker 2: and ultimately worse ways. And Vance, of course, take into
• 1:25:13
  Speaker 2: account whether he has a Republican House or a Democratic House.
• 1:25:21
  Speaker 2: So I don't think it has any positive impact. It'll
• 1:25:24
  Speaker 2: waste time. Not bad. It'll be distracting.
• 1:25:28
  Speaker 1: I mean, these days, it's not.
• 1:25:30
  Speaker 2: Like Congress does anything of value or that the Trump
• 1:25:33
  Speaker 2: administration does anything of value. So. Shelley, I agree about
• 1:25:45
  Speaker 2: AI alarmism, but companies suck. at selling the products. All
• 1:25:50
  Speaker 2: we hear is evil data centers, evil security apparatus, intrusive
• 1:25:54
  Speaker 2: AI plugins, evil job losses. Unless you are in the know,
• 1:25:58
  Speaker 2: they are something. I don't know where the continuation of
• 1:26:02
  Speaker 2: Charlie's is. But yeah, I agree with you. They suck
• 1:26:05
  Speaker 2: at selling the products. And indeed, they're their worst own
• 1:26:08
  Speaker 2: enemies because they keep telling us that these products are
• 1:26:12
  Speaker 2: going to kill us. The leaders of the AI companies
• 1:26:16
  Speaker 2: are horrible, just horrible. And, you know, so we have
• 1:26:29
  Speaker 2: to figure out what their products are worth because they're
• 1:26:31
  Speaker 2: not going to tell us. They're going to undermine their
• 1:26:34
  Speaker 2: own products. Public service announcement from Fred Hopper. There have
• 1:26:42
  Speaker 2: been several new episodes of Alex Epstein's Power Hour podcast
• 1:26:46
  Speaker 2: this year. He slowed down as his organization became more active,
• 1:26:50
  Speaker 2: but his recent interviews have all been very interesting.
• 1:26:53
  Speaker 1: Yeah, absolutely. Check them out.
• 1:26:56
  Speaker 2: Anything Alex does is worth checking out.
• 1:26:58
  Speaker 1: So go check it out.
• 1:27:06
  Speaker 2: All right. Jason. Breaking Bad may be the malevolent series
• 1:27:13
  Speaker 2: you do not remember fondly, but it and its spinoffs
• 1:27:17
  Speaker 2: were integrated pop culture phenomena. They captivated a generation and
• 1:27:25
  Speaker 2: defined what television could achieve.
• 1:27:29
  Speaker 1: Its morally flawed and.
• 1:27:30
  Speaker 2: Self-destructive characters gave the drama depth through consequences of their crimes.
• 1:27:38
  Speaker 2: Only one truly only one truly understood right from wrong,
• 1:27:43
  Speaker 2: Walt's son, who had cerebral palsy. I'm saddened by the
• 1:27:47
  Speaker 2: reported suicide of RJ Mitt, who played him. Mitt alleged
• 1:27:54
  Speaker 2: his business manager stole money intended for taxes, falsified filings,
• 1:27:58
  Speaker 2: or left him with six years of debt.
• 1:28:01
  Speaker 1: So, yeah, I.
• 1:28:02
  Speaker 2: Haven't followed the Mitt story, but let me just comment
• 1:28:04
  Speaker 2: on Breaking Bad. I mean, I think you're, I think you're, you're,
• 1:28:13
  Speaker 2: you're not accurately describing what I believe are its flaws.
• 1:28:17
  Speaker 2: And I didn't like the prequel, the story about the
• 1:28:22
  Speaker 2: lawyer I didn't like. I only watched the first season
• 1:28:25
  Speaker 2: and I couldn't stand it. It drove me crazy. Breaking
• 1:28:29
  Speaker 2: Bad was very well written and makes an important moral
• 1:28:33
  Speaker 2: point that morality is indeed.
• 1:28:38
  Speaker 1: A slippery slope.
• 1:28:40
  Speaker 2: And doing something small will lead ultimately to bigger and
• 1:28:46
  Speaker 2: bigger and bigger things and that's what happens to Walt
• 1:28:50
  Speaker 2: that's what happens to the anti-hero of the series but
• 1:28:57
  Speaker 2: it makes that point in season one And it doesn't need,
• 1:29:01
  Speaker 2: I can't tell you how many seasons there are, five
• 1:29:02
  Speaker 2: or six seasons. The moral point is just repeated over
• 1:29:07
  Speaker 2: and over and over again with new circumstances and new ways,
• 1:29:09
  Speaker 2: and Walt just becoming more and more and more evil
• 1:29:13
  Speaker 2: as the series goes along. But he is evil. And yet,
• 1:29:20
  Speaker 2: the series doesn't really treat him as such. I mean,
• 1:29:27
  Speaker 2: remember his wife, compromises with him and runs a business to.
• 1:29:34
  Speaker 1: Whitewash his money. His son is a good guy.
• 1:29:37
  Speaker 2: The other good guy is his brother-in-law, who is killed
• 1:29:41
  Speaker 2: as a consequence of being a good guy. Right? And
• 1:29:53
  Speaker 2: You know, the series does a good job of presenting
• 1:29:56
  Speaker 2: evil and creating new evil characters that play off of
• 1:30:01
  Speaker 2: each other, and it just spirals and spirals and spirals.
• 1:30:05
  Speaker 2: But here's the problem with it. Walt ultimately becomes a
• 1:30:09
  Speaker 2: cult hero. He ultimately becomes somebody that our kids have
• 1:30:16
  Speaker 2: grown up with, this series, as how cool is Walt?
• 1:30:24
  Speaker 1: And his sidekick, I forget his name.
• 1:30:27
  Speaker 2: Is given a free pass. So first, the final episode
• 1:30:34
  Speaker 2: of Breaking Bad is, again, a reinforcement of this. Because
• 1:30:39
  Speaker 2: the final episode allows Walt to go out in a
• 1:30:41
  Speaker 2: blaze of fire. A blaze of fire. Like, I don't know.
• 1:30:56
  Speaker 2: What do you call it? What was that Western Sundance
• 1:31:02
  Speaker 2: kid or something? Cassidy and the Sundance kid, you know,
• 1:31:07
  Speaker 2: which was also about crooks, but not crooks as evil
• 1:31:09
  Speaker 2: as Walt was. And yet he goes out in kind
• 1:31:14
  Speaker 2: of heroic fashion. And his sidekick, I forget his name, Jesse.
• 1:31:19
  Speaker 1: Thank you, Ian.
• 1:31:20
  Speaker 2: Jesse stays alive. I have no respect for the show
• 1:31:26
  Speaker 2: that keeps Jesse alive. Jesse deserves to die. Butch Cassidy
• 1:31:33
  Speaker 2: and the Sundance Kid. Is that right?
• 1:31:34
  Speaker 1: Is that the movie?
• 1:31:38
  Speaker 2: But it shouldn't have been Butch Cassidy and the Sundance Kids.
• 1:31:41
  Speaker 2: He should have died a horrible, slow, miserable, pathetic death, Walt.
• 1:31:48
  Speaker 1: And Jesse should have died with him.
• 1:31:52
  Speaker 2: I mean, they are murderers. And, you know, Walt in
• 1:31:56
  Speaker 2: particular on a scale, great, that is unforgivable. And they
• 1:32:03
  Speaker 2: become cult heroes. They became cult heroes. And that's, I can't,
• 1:32:07
  Speaker 2: morally I can't forgive a show like that. I mean,
• 1:32:11
  Speaker 2: Walt dragged Jesse into the show, into the life, but
• 1:32:15
  Speaker 2: Jesse accepted it. You either accept personal responsibility, Messi killed
• 1:32:22
  Speaker 2: for him, Jesse killed for him, And Jesse accepted the life.
• 1:32:27
  Speaker 2: He could have left. We do believe in free will.
• 1:32:33
  Speaker 2: The show gives him a pass, which again, he killed.
• 1:32:38
  Speaker 2: That's not small time. Killing is not small time. He killed, murdered.
• 1:32:47
  Speaker 1: So I don't care that Walt used him.
• 1:32:53
  Speaker 2: You either are responsible for your own actions or you're
• 1:32:55
  Speaker 2: not responsible for your own actions. Absolutely, Walt used him,
• 1:32:59
  Speaker 2: and that's why Walt is doubly evil. That doesn't change
• 1:33:04
  Speaker 2: the fact that Jesse is evil. Jesse is an evil man.
• 1:33:11
  Speaker 2: And here you are defending him, and that's my point.
• 1:33:15
  Speaker 2: The movie makes him a likable character. Makes him a
• 1:33:22
  Speaker 2: likable character. So, you know, he's not at fault for
• 1:33:26
  Speaker 2: getting sucked into Walt's universe. Can't forgive the show. So
• 1:33:33
  Speaker 2: it was a very well written show. But it's super malevolent.
• 1:33:39
  Speaker 2: And it's a celebration of evil. It's a celebration of evil.
• 1:33:54
  Speaker 2: Jesse had multiple opportunities to escape Walt's influence, which he
• 1:34:00
  Speaker 2: did not take.
• 1:34:01
  Speaker 1: Multiple opportunities.
• 1:34:04
  Speaker 2: Ryan, remember when it was taboo for a president to
• 1:34:07
  Speaker 2: comment on foreign elections? Yeah.
• 1:34:13
  Speaker 1: Until Trump, a lot of things were taboo.
• 1:34:16
  Speaker 2: No longer.
• 1:34:17
  Speaker 1: No longer at all.
• 1:34:20
  Speaker 2: All right. Uh, we are.
• 1:34:22
  Speaker 1: Still $ 200 short of our goal.
• 1:34:24
  Speaker 2: Hmm. I wonder if there's anybody out there with stickers
• 1:34:27
  Speaker 2: or something. Uh, I think I thanked all the sticker people.
• 1:34:30
  Speaker 2: We haven't got any new stickers recently.
• 1:34:32
  Speaker 1: All right, here we go. Uh, and we're almost done.
• 1:34:35
  Speaker 2: Wyatt is the goal of a closed door AI session
• 1:34:40
  Speaker 2: for the scholars and AI experts to come up with
• 1:34:44
  Speaker 2: a stance on AI that's consistent with objectivism. Um, It's too,
• 1:34:51
  Speaker 2: I mean, you say closed door. I mean, I don't know.
• 1:34:54
  Speaker 1: It's a seminar. Closed door sounds ominous, like you're not
• 1:35:00
  Speaker 1: allowed in.
• 1:35:01
  Speaker 2: It's a seminar. It's part of our educational programs at
• 1:35:04
  Speaker 2: the Institute for the Intellectuals. Yeah, I don't know if
• 1:35:09
  Speaker 2: it's to come up with a the stance. It's to
• 1:35:16
  Speaker 2: ask the relevant questions. it's asked the questions about the
• 1:35:20
  Speaker 2: nature of AI, what we think the nature of AI is,
• 1:35:23
  Speaker 2: and there is not going to be an objective answer
• 1:35:26
  Speaker 2: because Ayn Rand's not here to answer it, but you know,
• 1:35:29
  Speaker 2: and we might land up disagreeing about certain things, but
• 1:35:32
  Speaker 2: the question is, what is the nature of AI?
• 1:35:36
  Speaker 1: What is it?
• 1:35:38
  Speaker 2: Um, how do we categorize it epistemologically metaphysically? Um, Can
• 1:35:45
  Speaker 2: it be conscious? Can we say, for example, that it
• 1:35:49
  Speaker 2: cannot with certainty? Philosophically, can we say that? What if
• 1:35:59
  Speaker 2: AI was derived from biological material? Anyway, a lot of
• 1:36:03
  Speaker 2: questions like that. And then, is it dangerous? If it's dangerous,
• 1:36:09
  Speaker 2: what are the risks? Who is... Who's responsible for those risks?
• 1:36:17
  Speaker 2: Should the government be involved if there really are big risks?
• 1:36:22
  Speaker 2: And if so, how should it be involved? So I
• 1:36:24
  Speaker 2: think all of those are the questions, the kind of questions.
• 1:36:27
  Speaker 2: I'm sure there'll be others, but those are the kind
• 1:36:29
  Speaker 2: of questions. There'll also be, I'm sure, discussions on how
• 1:36:33
  Speaker 2: we think this is going to evolve. What do we
• 1:36:36
  Speaker 2: think the best uses of AI?
• 1:36:38
  Speaker 1: How do you use AI?
• 1:36:39
  Speaker 2: I mean, I don't... we're struggling, you know, for example,
• 1:36:45
  Speaker 2: we're encountering at the Ironman Institute with essay contests.
• 1:36:48
  Speaker 1: A lot of the essays are now.
• 1:36:50
  Speaker 2: Written by AI. What do we do about that? How
• 1:36:52
  Speaker 2: do you deal with that? We're going to have to
• 1:36:53
  Speaker 2: completely change our essay contest to make a lot of
• 1:36:56
  Speaker 2: them more contests that involve an element of, you know, face-to-face.
• 1:37:07
  Speaker 2: So a lot of issues like that, but mainly the
• 1:37:11
  Speaker 2: intellectual philosophical issues. And political issues, the philosophical and political
• 1:37:15
  Speaker 2: issues that AI brings up. And it's going to be
• 1:37:19
  Speaker 2: a conversation. I don't know that at the end of this,
• 1:37:21
  Speaker 2: there'll be a paper. Maybe there will be. Maybe there
• 1:37:23
  Speaker 2: won't be. I think it's still a work in progress, right?
• 1:37:28
  Speaker 2: I don't think, I don't know that we know enough
• 1:37:31
  Speaker 2: to come up with definitive answers in all those questions.
• 1:37:35
  Speaker 2: But that's what the conversation is going to be about.
• 1:37:37
  Speaker 2: I mean, that's the, you know, some people have this
• 1:37:41
  Speaker 2: weird idea about uh the einstein institute and objectivist intellectuals
• 1:37:47
  Speaker 2: like we'll come up with a dogma and then we'll
• 1:37:49
  Speaker 2: force everybody to fit in i mean it's this is
• 1:37:52
  Speaker 2: going to be an open conversation and and there'll be
• 1:37:55
  Speaker 2: nuances and disagreements and there'll be and we're just trying
• 1:37:58
  Speaker 2: to make each other smarter right so you get a
• 1:38:03
  Speaker 2: bunch of philosophers in a room and you get a
• 1:38:05
  Speaker 2: bunch of people who Applied philosophy, you know, applying the philosophy,
• 1:38:10
  Speaker 2: and then you get a bunch of AI experts in
• 1:38:12
  Speaker 2: the room and you hash these ideas up. That's the idea.
• 1:38:19
  Speaker 2: Phone fixer, phone fixer, $ 200. Thank you. He got us
• 1:38:23
  Speaker 2: that goal. Really, really, really appreciate that. He says, thank
• 1:38:28
  Speaker 2: you for the content. I appreciate the support. And the
• 1:38:32
  Speaker 2: content will keep coming. Will keep coming. And I will
• 1:38:37
  Speaker 2: report after the AI session about, you know, not about
• 1:38:42
  Speaker 2: who said what, but about some of the discussions we
• 1:38:46
  Speaker 2: had and maybe some of the conclusions if we come
• 1:38:49
  Speaker 2: to conclusions. Wesley says, fighting Israel to the last Palestinian
• 1:38:56
  Speaker 2: is a recent Atlantic article. Great read. And love how
• 1:39:00
  Speaker 2: it also mocks pro-Russian people who argue the West is
• 1:39:04
  Speaker 2: fighting Russia to the last Ukrainian. I'll have to read that.
• 1:39:10
  Speaker 2: Fighting Israel to the last Palestinian. Let me check that out.
• 1:39:14
  Speaker 2: Thank you for the recommendation. Neo, the study of Western
• 1:39:19
  Speaker 2: civilization too Eurocentric? I mean, I think for some people
• 1:39:24
  Speaker 2: it is because they don't think of Western civilization in
• 1:39:29
  Speaker 2: the context of civilization.
• 1:39:32
  Speaker 1: If you will, the march of civilization, the process of civilization.
• 1:39:36
  Speaker 2: And they are too focused on the West where I
• 1:39:41
  Speaker 2: think of civilization. And I hope this is coming across
• 1:39:44
  Speaker 2: in my course on Western civilization that I'm teaching right
• 1:39:47
  Speaker 2: now as a process, starting with, um, ancient civilization in
• 1:39:54
  Speaker 2: the Bronze Age, Egyptian, Babylonian, Hittite, whatever.
• 1:40:02
  Speaker 1: Then, you know, Egypt being a key there. Then Greek civilization.
• 1:40:12
  Speaker 2: And then input from Chinese civilization and Indian civilization, which
• 1:40:21
  Speaker 2: I think were not embedded in the progress that we
• 1:40:28
  Speaker 2: see in the West, which I think where you see
• 1:40:30
  Speaker 2: a real progression from Egypt to Greece to the Islamic civilization,
• 1:40:37
  Speaker 2: which was short-lived, unfortunately, to Western civilization, to the civilization
• 1:40:43
  Speaker 2: that emerges in the West, I think, It starts emerging
• 1:40:47
  Speaker 2: in the Renaissance, but really is flourishing in the... And
• 1:40:51
  Speaker 2: really gets established as a clearly defined civilization in the Enlightenment.
• 1:40:59
  Speaker 2: That is the process. And China and India feed into that,
• 1:41:04
  Speaker 2: but they're not essential components of it. But it's... Again,
• 1:41:11
  Speaker 2: it's a process. It's a process. And today... I wish
• 1:41:16
  Speaker 2: we could drop the Western and just call it civilization.
• 1:41:20
  Speaker 2: The only advantage of the Western is to differentiate it
• 1:41:23
  Speaker 2: from previous, but if you think about civilization, today Western
• 1:41:28
  Speaker 2: civilization includes much of Asia, areas in Eastern Europe that
• 1:41:35
  Speaker 2: weren't considered Western, Israel, which is in Asia, and Australia
• 1:41:40
  Speaker 2: and New Zealand, which are not part of Western Europe.
• 1:41:44
  Speaker 2: So you're Western civilization has now become much broader than that.
• 1:41:49
  Speaker 1: But it is also true.
• 1:41:51
  Speaker 2: That the big advancements when it comes to the particular
• 1:41:57
  Speaker 2: nature of this civilization happened primarily in Europe and to
• 1:42:03
  Speaker 2: some extent in the United States in the 18th century.
• 1:42:08
  Speaker 2: And the preconditions for it happening in Europe, primarily Western Europe,
• 1:42:14
  Speaker 2: from the Renaissance to the Enlightenment so it is a
• 1:42:18
  Speaker 2: European phenomena that then gets.
• 1:42:21
  Speaker 1: Exported to the rest of the world.
• 1:42:24
  Speaker 2: But it's so it's not so it is Eurocentric in
• 1:42:30
  Speaker 2: a sense Charlie Rubio versus Vance versus DeSantis as your
• 1:42:36
  Speaker 2: choice who do you pick when and why no you
• 1:42:41
  Speaker 2: can't jump out of the window Why not? I want
• 1:42:46
  Speaker 2: to jump out of the window. I mean, of those three,
• 1:42:50
  Speaker 2: I would pick Rubio. I would pick Rubio. I think, look,
• 1:43:00
  Speaker 2: it's hard to forgive him for being Trump's Secretary of State.
• 1:43:04
  Speaker 2: It's hard to forgive him for aligning himself with the
• 1:43:08
  Speaker 2: National Conservatives the way he has. But I think that
• 1:43:12
  Speaker 2: is the future, whether we like it or not. But
• 1:43:16
  Speaker 2: of all three of them, if you think about the
• 1:43:18
  Speaker 2: presidency as a big chunk of the presidency of being
• 1:43:22
  Speaker 2: foreign policy, I think Rubio probably has the healthiest foreign
• 1:43:26
  Speaker 2: policy in spite of managing Trump's foreign policy, which is
• 1:43:31
  Speaker 2: a disaster. I don't think he controls it. I think
• 1:43:34
  Speaker 2: Rubio fundamentally is pro-Ukraine and pro-Israel. is anti-Russia and has
• 1:43:41
  Speaker 2: a proper view of Russia and China. So because of that,
• 1:43:51
  Speaker 2: I would say Rubio. Domestically, it would be him or DeSantis.
• 1:44:00
  Speaker 2: Vance would be the worst, right? So I would say
• 1:44:02
  Speaker 2: Rubio first, DeSantis second, Vance third. Somebody says, I hope
• 1:44:09
  Speaker 2: Nikki runs again. If Nikki runs, she'll lose. She doesn't
• 1:44:11
  Speaker 2: have a chance. The Republican Party that would vote for
• 1:44:14
  Speaker 2: Nikki is long gone. It's a different Republican Party. I
• 1:44:18
  Speaker 2: don't think, I don't think, as a consequence, I don't
• 1:44:20
  Speaker 2: think Rubio can win. I think this is Vance's to lose.
• 1:44:23
  Speaker 1: All right, guys.
• 1:44:27
  Speaker 2: Thank you. Thanks to the Super Chatters in particular. The
• 1:44:33
  Speaker 2: phone fixer, really appreciate that. $ 200 helped us get to.
• 1:44:37
  Speaker 1: The $ 500 goal. Tomorrow is, I think, on time. So
• 1:44:42
  Speaker 1: I think tomorrow will be at 3 p.m. East Coast time.
• 1:44:45
  Speaker 2: Tomorrow, yes. Tomorrow should be at 3 p.m. We should
• 1:44:49
  Speaker 2: be all good to go. And the same is true
• 1:44:52
  Speaker 2: of the rest of the week. The whole week should
• 1:44:54
  Speaker 2: be 3 p.m. East Coast time. Look forward to talking
• 1:44:57
  Speaker 2: to you tomorrow. Bye, everybody. Have a great rest of
• 1:45:01
  Speaker 2: your day.