Latest / Yaron Brook Show / Iran--What Next?: China; Hamas; Nakba; Odysseus; UK Crisis; Sweden; Abortion | Yaron Brook Show

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Iran--What Next?: China; Hamas; Nakba; Odysseus; UK Crisis; Sweden; Abortion | Yaron Brook Show · Yaron Brook Show

0:02
Speaker 1: A lot of them, fund the Metal, Princes of widow,
0:07
Speaker 1: last self interest, and any individual wats This is the show?
0:20
Speaker 1: All right, everybody, welcome to your one book show on
0:22
Speaker 1: this Friday, May fifteenth. It's the day of the Knakaba.
0:30
Speaker 1: I'll get to that. I hope everybody's doing well and
0:37
Speaker 1: that you're having a good weekend. Ready for the weekend.
0:40
Speaker 1: It's Friday afternoon. It's it's good you guys. Yeah, you
0:46
Speaker 1: guys on time? Yes, Oh right, let us what are
0:51
Speaker 1: we gonna do? Let us get started. I just remind
0:53
Speaker 1: you that there will be shows this weekend. On Sunday,
0:56
Speaker 1: I will be joined by Nikos for the You on
1:00
Speaker 1: a Nikos show? You want a Nicos Dialogues. This time
1:04
Speaker 1: we're going to take up another historical his historical, historical, historical,
1:09
Speaker 1: another event in history. This time will be the nineteen
1:12
Speaker 1: forty eight War of Independence, or as the Palestinians call it,
1:18
Speaker 1: the Knakaba. So we'll talk about the Middle East. We'll
1:22
Speaker 1: talk about Israel. We'll talk about the the you know,
1:30
Speaker 1: independence of Israel. What brought it about, what were the consequences,
1:36
Speaker 1: what claims the Palestinians have. We'll cover a lot of
1:43
Speaker 1: ground in that show. So that'll be on Sunday at
1:47
Speaker 1: three pm East Coast time, and on let's see on Saturday.
1:54
Speaker 1: Not sure what the show will be, but there will
1:56
Speaker 1: be a show on Saturday as well, So stay tuned
1:59
Speaker 1: for the show on Saturday and Sunday. Somebody having sound
2:05
Speaker 1: is weird muffled? The sound weird and muffled for everybody.
2:11
Speaker 1: Maybe it's just me being a little blessed energy than usual.
2:14
Speaker 1: Still recovering, still not quite there one hundred percent, but
2:18
Speaker 1: getting there, getting there slowly, getting there slowly, all right,
2:22
Speaker 1: So let's start. So Trump got on it for US
2:29
Speaker 1: one and is flying back from China. I'm not sure
2:31
Speaker 1: where he is exactly right now, but he is not
2:34
Speaker 1: in China anymore. He's heading back home. And the first
2:37
Speaker 1: thing you would think, maybe not, we'll see, maybe maybe not.
2:41
Speaker 1: But the first thing in his agenda you would expect
2:43
Speaker 1: would be you won Yon has kind of just been waiting,
2:47
Speaker 1: just unstill. You know. Ivon rejected whatever proposals to America
2:51
Speaker 1: has made. Trump rejected the the rejection of Yuan or
2:56
Speaker 1: the the counterproposal that UoN made. He said it was
3:00
Speaker 1: and rejected it. And everybody in the world is now
3:03
Speaker 1: asking okay, well, now, what what happens now? I can
3:08
Speaker 1: tell you these RAE leads, at least according to Israeli media,
3:11
Speaker 1: expect Trump to come back and order a new round
3:14
Speaker 1: of bombing of Iran, maybe not a major one. I
3:20
Speaker 1: think he said, a quick bombing, maybe taking out twenty
3:23
Speaker 1: five percent of one hundred, twenty five percent of the
3:26
Speaker 1: targets they I've identified. You know, how to tell what
3:29
Speaker 1: that means, which targets, Who's going to do the bombing,
3:32
Speaker 1: What exactly is going to be involved? Impossible to tell
3:36
Speaker 1: at this point. But I can tell you that the
3:39
Speaker 1: Gulf States and the rest of the Arab world, and
3:42
Speaker 1: the rest of the Middle East, and really the rest
3:44
Speaker 1: of the world is anxious to see what happens. The
3:47
Speaker 1: reality is that right now or prices again very high.
3:52
Speaker 1: In some cases, there are real shortages of particular products.
3:58
Speaker 1: How to tell exactly where you know? The extent of
4:01
Speaker 1: them depends from country to country, but there are significant
4:07
Speaker 1: shortages around. Prices for gasoline are quite expensive in the
4:11
Speaker 1: United States, particularly a few in places like California, but
4:15
Speaker 1: I think the average is above full fifty a gallon,
4:19
Speaker 1: which is high. People want to know when are the
4:22
Speaker 1: States of Homo is going to be open? When is
4:25
Speaker 1: all going to flow freely out of the Middle East?
4:28
Speaker 1: And what's going to happen to the Ranians, what's going
4:30
Speaker 1: to happen to the nuclear ambitions? What else is going on.
4:35
Speaker 1: We've heard stories over the last a few weeks that
4:38
Speaker 1: I don't know according to American intelligence, which I don't
4:41
Speaker 1: have a huge amount of regard for, but Uron still
4:44
Speaker 1: has seventy five percent of their missile capabilities, and they've
4:48
Speaker 1: dug out of their tunnels, all the launchers, and they're
4:50
Speaker 1: ready to attack, and they've got a formidable force and
4:53
Speaker 1: they are you know, they're going to create havoc in
4:57
Speaker 1: the Middle East. You know, I don't know, but I
5:02
Speaker 1: haven't been impressed with Iran's abilities up to date. I will,
5:08
Speaker 1: you know, in spite of the fact that they did
5:10
Speaker 1: inflict quite a bit of damage on American bases and
5:14
Speaker 1: on generally an American bases in the Gulf States and
5:20
Speaker 1: on the Gulf States themselves, they could do more of that.
5:23
Speaker 1: But it depends. It depends what the United States does.
5:28
Speaker 1: It depends what the intelligence is like in terms of
5:30
Speaker 1: where those missiles are to what extent the United States
5:35
Speaker 1: and Israel can surprise the Iranians and take out the
5:38
Speaker 1: missiles before they're launched. I mean a lot is up
5:41
Speaker 1: in the air, but everything is kind of dependent on
5:44
Speaker 1: Trump pushing the button giving the green light. I think
5:50
Speaker 1: the US military is ready, has been ready for weeks.
5:55
Speaker 1: It was ready before the cease fire was started. The
5:58
Speaker 1: Israeli militaries certainly read and they are ready to go
6:01
Speaker 1: on high alert, and they expected to go on high
6:02
Speaker 1: load as soon as Trump got back. So but he's
6:08
Speaker 1: ready waiting for Trump, waiting on Goudeau. And it's hard
6:11
Speaker 1: to tell what exactly what exactly Trump will actually do.
6:16
Speaker 1: He has been very, very reluctant to push the button
6:20
Speaker 1: to start offensive operations again. He constantly is seeking deals.
6:27
Speaker 1: I think he hoped that the Chinese would have some
6:29
Speaker 1: kind of silver bullet that would get him out of
6:31
Speaker 1: the need for a military reaction. I think she has
6:33
Speaker 1: disappointed him. I don't think anything came of that other
6:37
Speaker 1: than she's saying, yeah, we don't want them to have
6:39
Speaker 1: nuclear weapons, Yeah we want the straits of war was open. Well,
6:43
Speaker 1: we'll talk to them. You know what that's worth it nothing.
6:48
Speaker 1: At the same time, she is probably telling people yeah,
6:51
Speaker 1: om the Uranians the teeth. Let's let's milk these Americans
6:54
Speaker 1: as much as we can. So Iran is right now
6:58
Speaker 1: up in the air waiting to see where we need
7:02
Speaker 1: to see what Trump decides. I hope, I hope. I pray.
7:09
Speaker 1: If I prayed, I would pray. I don't pray, so
7:11
Speaker 1: I won't pray. But I hope that this includes opening
7:15
Speaker 1: the streets of home woes. That Operation Freedom there was,
7:19
Speaker 1: Remember the Operation Freedom. It lasted for twenty four hours
7:22
Speaker 1: before Trump back down from it because the Pakistani has
7:25
Speaker 1: asked him to why the Pakistani's cared? It was an
7:29
Speaker 1: operation opened up the streets of home woes, which involved
7:32
Speaker 1: US destroyers escorting ships out, involved carving a lane that
7:38
Speaker 1: was free of mines in the in the Gulf, and
7:44
Speaker 1: it involved US helicopters eight ten aircraft and destroyers kind
7:51
Speaker 1: of shooting all those fast boats the Ranians have out
7:56
Speaker 1: of the water. No reason was ever given for that
8:02
Speaker 1: really was again for that why that stopped? I mean,
8:05
Speaker 1: remember the cease fire was conditioned on the Ranians opening
8:09
Speaker 1: the states of homos. That never happened. They violated the
8:13
Speaker 1: ceasefire and minute one, minute one, and yet the United
8:19
Speaker 1: States said nothing, So it's time. It's time, so let
8:24
Speaker 1: us hope states of homos will be high on their
8:27
Speaker 1: gender as the United States has used bombing everything else.
8:33
Speaker 1: You know, I would suggest the top priority for bombing
8:37
Speaker 1: would be, Yeah, if you can get the leadership, get
8:39
Speaker 1: the leadership. If you can surprise them, great, But the
8:43
Speaker 1: rest of the priority should be missiles, missiles, ballistic missiles.
8:52
Speaker 1: They can hurt the Gulf States and Israel. And then
8:54
Speaker 1: second should be just level the coast and the islands
9:00
Speaker 1: around the Straits and foremost to destroy all their ability
9:05
Speaker 1: to launch again uh ground to ship missiles and to
9:11
Speaker 1: launch to launch drones into UH and to launch the speedboats.
9:16
Speaker 1: Should just destroy their coastline, uh, destroy their ports. I
9:21
Speaker 1: still don't understand why the ports are still running. The
9:24
Speaker 1: ports are still functioning, but I you know, uh, last
9:31
Speaker 1: time somebody listened to me when it came to military
9:34
Speaker 1: strategy was you know never uh. And and that as
9:39
Speaker 1: uh as being to their own uh to both the
9:41
Speaker 1: Israelis and the Americans own detriment for not listening to me. Uh.
9:46
Speaker 1: Pretty uh yeah, pretty sad. So that's where we are,
9:52
Speaker 1: or not all. That's where we'll see maybe something will
9:56
Speaker 1: happen this weekend. I don't see why Trump would wait.
10:00
Speaker 1: I mean, as soon as he lands in dollars or
10:03
Speaker 1: whether there if it was one the lands, there should
10:06
Speaker 1: be a call and initiation of air strikes. These really
10:10
Speaker 1: I assume are preparing and and already. But we will
10:14
Speaker 1: find out. We will find out, all right. As we said,
10:20
Speaker 1: Trump was in China and I spent two days there,
10:23
Speaker 1: and you know I did his appropriate groveling and bowing
10:28
Speaker 1: before she as as he represented the declining power. It
10:36
Speaker 1: was a little a little entertaining. Let me see today, No,
10:40
Speaker 1: I don't have that. Let me just find this, all right,
10:46
Speaker 1: I need to I need to find this, uh this
10:49
Speaker 1: one quote once again, h it was not appropriately prepared.
11:06
Speaker 1: It turns out I thought I had this all right there.
11:08
Speaker 1: It is not that hard to find, all right. So
11:12
Speaker 1: you remember yesterday we talked about the THEO, THEO, theo whatever?
11:16
Speaker 1: Uh that that the theoclitus uh trap, theocle the thy
11:25
Speaker 1: Cidides thacidides, is that right? They cidities? Somebody tell me
11:28
Speaker 1: how to pronounce this Thaycidites trap? And uh, you know
11:34
Speaker 1: when when she said it in front of Trump, and
11:37
Speaker 1: you know, we all know we all know the reality
11:39
Speaker 1: of this. Trump had no clue what he was talking about,
11:42
Speaker 1: no clue. Only later did his staff tell him. You know,
11:46
Speaker 1: she basically said, you're the with declining power, and and uh,
11:52
Speaker 1: you know, they were rising power, and the whole idea
11:55
Speaker 1: of how do we how do we negotiate this without
11:58
Speaker 1: going to war? Well, this is what President Trump tweeted later,
12:03
Speaker 1: much later, after he observed that, and it was all
12:06
Speaker 1: explained to him, and he and he got to said,
12:09
Speaker 1: h he got a sense of what it is through SAITI,
12:12
Speaker 1: through SIDS, through SIDS, through sieties, right through cities, cities,
12:20
Speaker 1: something like that, two cities, two cities, through cities. Anyway,
12:26
Speaker 1: this is what Trump. This is what Trump tweeted. Though
12:29
Speaker 1: President she very elegantly, elegantly referred to the United States
12:34
Speaker 1: as perhaps being a declining nation, he was referring to
12:38
Speaker 1: the tremendous damage we suffered during the four years of
12:41
Speaker 1: Sleepy Joe Biden and the Biden administration. And on that score,
12:44
Speaker 1: he was one hundred percent correct. Our country suffered immeasurably
12:48
Speaker 1: with open boaters, high taxes, transgender for everybody, men and
12:51
Speaker 1: women's sports, d I, horrible trade deals, rampant crime, and
12:54
Speaker 1: so much more presidant. She was not referring, even though
13:02
Speaker 1: he said it to his face. Was now referring to
13:04
Speaker 1: the incredible rise that the United States has displayed to
13:07
Speaker 1: the war during the sixteen spectacular months of the Trumpe administration,
13:12
Speaker 1: which includes all time high stock pockets and four one
13:14
Speaker 1: case military victory and thriving relationship in Venezuela, the military
13:20
Speaker 1: decination of Iran to be continued, strongest military and Earth
13:26
Speaker 1: by far economic superpower again, and a record eighteen trillion
13:29
Speaker 1: dollars being invested in the United States by other's best
13:33
Speaker 1: uish job market in history, and more people working in
13:36
Speaker 1: the United States right now than ever before, ending country,
13:40
Speaker 1: destroying DEI, and so many other things that it would
13:42
Speaker 1: be impossible to readily list. In fact, President She congratulated
13:48
Speaker 1: me on so many tremendous successes in such a short
13:51
Speaker 1: period of time. Two years ago, we were, in fact
13:54
Speaker 1: the nation in decline. On that I fully agree it
13:57
Speaker 1: was President She. But now the United States the hottest
14:00
Speaker 1: nation anywhere in the world, climate change, and hopefully a
14:04
Speaker 1: relationship with China will be stronger and better than ever before.
14:09
Speaker 1: I mean, Trump has to be the most embarrassing president
14:12
Speaker 1: in American history, right, I mean, I mean, this is
14:14
Speaker 1: such a rationalization, a cop out, a complete bs. I mean,
14:20
Speaker 1: she said it to him. He didn't say to Biden.
14:24
Speaker 1: He didn't say it two years ago. He said it today.
14:28
Speaker 1: And it was pretty elegant, so elegant that Trump didn't
14:31
Speaker 1: get it. He had to be he had to be coached.
14:39
Speaker 1: It's really pathetic. Right. So, so that is Trump's response
14:44
Speaker 1: that she's sophisticated implication that United States is in decline.
14:50
Speaker 1: Trump did not did not address the issue of Taiwan
14:53
Speaker 1: at all. He kind of avoided the question when he
14:56
Speaker 1: was asked by she about his views on Taiwan. Where
15:00
Speaker 1: America will send troops to Taiwan. Trump just avoided the question,
15:03
Speaker 1: did not answer. That is a sign of strength, people,
15:07
Speaker 1: sign of strength. When you don't answer the question, you know,
15:11
Speaker 1: it's a sign of strength. America is back. It's the
15:14
Speaker 1: best it's ever been. It's amazing, it's stunning, amazing. So, yes,
15:22
Speaker 1: trade deals, no comprehensive trade deal at all, A few
15:28
Speaker 1: minor promises to purch your stuff back and forth. Basically,
15:32
Speaker 1: no real achievement from this meeting and nothing really. Trump
15:35
Speaker 1: was asked to our tariffs. He said, no, no, no,
15:37
Speaker 1: not this trip. We'll talk about that in one of
15:40
Speaker 1: the other meetings. Supposedly they're going to meet four times.
15:44
Speaker 1: She must be bewildered about what they have to talk
15:46
Speaker 1: about four times. Trump did get a tour of the
15:50
Speaker 1: Forbidden Palace, that is the palace where she lives and
15:55
Speaker 1: where other heads of the Communist Party Comingnist Partty coming,
16:00
Speaker 1: the authoritarian dictatorship. And and Trump was blown away by
16:04
Speaker 1: its beauty and grandeur and all of that. And and uh,
16:09
Speaker 1: he clearly, he clearly has a Yeah. I mean, I
16:15
Speaker 1: think he struggles with a little bit of jealousy and jealousy.
16:19
Speaker 1: We'll not call it envy, but jealousy. And what she
16:22
Speaker 1: has done now she did, I was generous, and he said,
16:25
Speaker 1: hale the results of this meeting with a president Donald Trump.
16:28
Speaker 1: And I think from she's perspective, it was very clear
16:31
Speaker 1: that he had positioned himself as the top dog, you know.
16:36
Speaker 1: And and uh, I think I think China, China came
16:41
Speaker 1: out of this without giving up anything, without compromising and
16:45
Speaker 1: a single thing nothing. I mean it it didn't have
16:50
Speaker 1: to it didn't have to give up anything. It it's uh,
16:54
Speaker 1: it got a sense again from from Trump that uh,
16:59
Speaker 1: you know, the under that they can do what they want.
17:03
Speaker 1: There's no economic pressure on China to adjust or change.
17:07
Speaker 1: There was no big deal around fentanol. There was no
17:12
Speaker 1: There was no deal about China not helping the Russians
17:15
Speaker 1: in Ukraine, or China not helping the Iranians against the
17:17
Speaker 1: United States. It was there was just nothing. There was zero.
17:21
Speaker 1: There was zilts. There was absolutely not achievements in this trip.
17:25
Speaker 1: I mean not even the pretense of any achievement. I
17:28
Speaker 1: mean there's words like the she made you know, this
17:33
Speaker 1: visit is stoic landmark visit. Thus far we have established
17:37
Speaker 1: a bilateral relationship. What else could it be? Could it
17:40
Speaker 1: be triledbal quad? I mean it's it's two bilteral, a constructive,
17:45
Speaker 1: strategic stable relationship which constituted a milestone event that is
17:52
Speaker 1: language four. I didn't say anything. I said zero. We
17:58
Speaker 1: have achieved many corporates of outcomes, not a single one
18:02
Speaker 1: was named. So h yeah, most of it was Kure
18:09
Speaker 1: who paget treat which I think Trump loves and I
18:14
Speaker 1: think the Chinese love putting on and again, uh, the
18:19
Speaker 1: zong Gang High, which is this the forbidden City, or
18:24
Speaker 1: I guess it's next to it's complex next to the
18:26
Speaker 1: Forbidden City. If you drive in Beijing, I think I
18:29
Speaker 1: know where this is. If you drive in Beijing, this
18:33
Speaker 1: on the way to Gentlemen's Square. As you're driving towards
18:35
Speaker 1: Tenement Square, I think on the left, right, you're driving
18:38
Speaker 1: towards Tennement Square. Well, this is coming from whatever where
18:42
Speaker 1: I would come from. I think north. Anyway, driving towards
18:45
Speaker 1: Tournament Square. On the left, you saw this wall painted red,
18:50
Speaker 1: high wall painted red that went on for a long
18:53
Speaker 1: long time. And I asked my host what is what
18:56
Speaker 1: is that and and they said, that's where the senior
19:00
Speaker 1: Communist Party officials live. And that is that is zong
19:09
Speaker 1: Zhongnane High That is where Trump visited in Beijing. And uh,
19:19
Speaker 1: you know it's heavily guarded. The wall again has painted red.
19:23
Speaker 1: It's not far from the Forbidden City. The Forbidden City
19:25
Speaker 1: is the old palace of the of the Emperor. It's
19:32
Speaker 1: impressive being to the Forbidden City. And yeah, I guess,
19:39
Speaker 1: h I guess. Let's say Nixon, when he first visited China,
19:46
Speaker 1: met with Mao in in in zongang Hi uh and
19:55
Speaker 1: George W. Bush visited the war compound twice in two
19:58
Speaker 1: thousand and two and two thousand and eight. Barack Obama
20:01
Speaker 1: was there in twenty fourteen. Oh so Trump's not that special. Anyway.
20:05
Speaker 1: She and Trump walked through this thing and they talked,
20:07
Speaker 1: and they stopped occasionally to admire the greenery and the trees.
20:13
Speaker 1: She spoke about the history, and there was a translator
20:18
Speaker 1: offered to send seeds for the roses that the US
20:22
Speaker 1: President really admired. So I guess, I guess the United
20:25
Speaker 1: States got seeds for roses. I wonder if the seeds
20:28
Speaker 1: are bugged. Do you know that this is fascinating to me.
20:34
Speaker 1: So the entire entourage US entourage that came off of
20:40
Speaker 1: FOS one and came to visit China, including the President
20:43
Speaker 1: of the United States, all left all of their digital
20:47
Speaker 1: devices on the plane. They all had Bona phones like
20:52
Speaker 1: they were like they were in some Spine novel. They
20:55
Speaker 1: all got Bona phones, regular flip clones, regular cellular phones
20:59
Speaker 1: with no no Internet connection. And that is what they
21:03
Speaker 1: used when they were on the ground in China. And
21:05
Speaker 1: they did this because they were afraid that whatever they
21:08
Speaker 1: brought into China in terms of electronic devices would be
21:11
Speaker 1: bugged by the Chinese, it would be infected by some
21:14
Speaker 1: they would be hacked and infectors. They left everything on
21:18
Speaker 1: FOS one, and then when they went back onto FOS
21:22
Speaker 1: one to leave, when they went back onto FOS want
21:26
Speaker 1: to leave, they trashed everything, all the gifts that they got,
21:31
Speaker 1: all the stuff that they were given, maybe even the
21:34
Speaker 1: seeds for the roses or maybe that's going to be
21:36
Speaker 1: sent later, but all their phones, all their bonaphones, everything
21:40
Speaker 1: was trashed because they assumed that everything on it would
21:46
Speaker 1: be bugged. And I mean, let me be very clear
21:50
Speaker 1: in terms of my perspective on this. If that is
21:53
Speaker 1: what you need to do because you don't trust the
21:57
Speaker 1: country you're visiting, you shouldn't be visiting it. You shouldn't
22:06
Speaker 1: be visiting it if you can't as president of the
22:10
Speaker 1: United States, if you cannot take the phone into the
22:14
Speaker 1: country because you're afraid, given all the security your phone has,
22:18
Speaker 1: you're afraid they're gonna bug it, then you shouldn't be
22:22
Speaker 1: There No reason for the magic President to go visit
22:28
Speaker 1: training none, zilch, not a anyway. I'm sure what they
22:40
Speaker 1: did make sense given the risk, the national security risk.
22:44
Speaker 1: But if this is what they're doing to you. They're
22:47
Speaker 1: not deserving of a visit. If this is what they
22:49
Speaker 1: suspect that they will do to you, they're on deserving
22:51
Speaker 1: of a visit. You don't have to visit them to
22:55
Speaker 1: maintain a friendly relations in terms of trade, or you
22:58
Speaker 1: have to do is lower tariss to zero trade. I mean, look,
23:06
Speaker 1: why did Trump visit she? It's an ego thing. It
23:10
Speaker 1: has nothing to do with the relationship. I guess he
23:13
Speaker 1: believes that he established some kind of personal relationship with she,
23:17
Speaker 1: and because of that personal relationship, she would never do
23:19
Speaker 1: anything to harm him. I mean, he saved Taiwan by
23:23
Speaker 1: having a personal relations with she. Bullshit, I think is
23:27
Speaker 1: then the right term to call it. So No, I mean,
23:39
Speaker 1: I mean somebody says, I think Trump would go to
23:41
Speaker 1: hell if it men's negotiations. No, I don't think that's true.
23:44
Speaker 1: There's no negotiations here. It was he went to see
23:49
Speaker 1: somebody he had mine. He went to see because it
23:53
Speaker 1: was cool, because she's cool, because authoritarianism and dictatorships are cool,
23:59
Speaker 1: because power is cool. There was no negotiations, and there's
24:05
Speaker 1: almost never any negotiations at that level. Almost all negotiations
24:09
Speaker 1: are done in advance by all kinds of teams and
24:15
Speaker 1: then but here there was none of that. Even indeed,
24:18
Speaker 1: the Chinese were complaining. This is months ago when the
24:22
Speaker 1: Trump was supposed to arrive and there was no agenda.
24:25
Speaker 1: They did not negotiated anything. There was no I mean,
24:28
Speaker 1: they were wondering what the point is. And you should
24:31
Speaker 1: all wonder what the point is. There's no trade negotiations
24:34
Speaker 1: done and no trade negotiations needed. The United States need
24:37
Speaker 1: to decide what is off limits to trade with China
24:41
Speaker 1: because the national security reasons and everything else should be
24:45
Speaker 1: tariffs and zero including by the way, Chinese electric cars,
24:53
Speaker 1: let Forward and GM compete. And by the way, you know,
25:01
Speaker 1: the Chinese electric cars were dwell in the United States.
25:04
Speaker 1: But you're not going to buy electric cars in Rule America,
25:08
Speaker 1: I mean us sort of companies. We've talked about this
25:11
Speaker 1: a lot. Your sort of companies will still be selling
25:16
Speaker 1: pickup trucks and SUVs because and that's what many, if
25:20
Speaker 1: not most Americans actually want to drive. But why are
25:26
Speaker 1: we denying Americans the best electric cars out there and
25:30
Speaker 1: denying competition for Tesla and you know, not providing Americans
25:38
Speaker 1: with a choice. Let Americans decide what they want to drive. Yeah,
25:44
Speaker 1: I mean, why else would you go to China other
25:46
Speaker 1: than for the spectacle most senior what do you call it?
25:54
Speaker 1: Political leaders at the presidential level meetings for the spectacle,
26:00
Speaker 1: very few actually achieve anything, achieve anything. I mean when
26:07
Speaker 1: Putin meets Trump, Putin always achieves something, always, But that's
26:13
Speaker 1: because Putin dominates Trump. And I think here she achieved
26:16
Speaker 1: quite a bit because I think he if you look
26:19
Speaker 1: at pictures of him and Trump, Trump looks depressed, he looks,
26:25
Speaker 1: he doesn't look good. She looks much better, healthier, and
26:30
Speaker 1: and just looks better. I don't know who's older. I
26:32
Speaker 1: think they're both about the same agent because she's a
26:34
Speaker 1: little older, so they don't. Trump does not come across
26:45
Speaker 1: as strong, robust, representing America in a position of control
26:49
Speaker 1: and power and equal to she. Anyway, it cheapens the US,
26:58
Speaker 1: It cheapens all of us, cheapens the values that they
27:01
Speaker 1: make this country great by US presidents going over there.
27:07
Speaker 1: The fact that Nixon went to meet with Mao Mao
27:10
Speaker 1: with tens of millions of people's blood in his hands
27:15
Speaker 1: is an absolute, unmitigated disgrace. And the fact that president
27:22
Speaker 1: after president after presidents have gone to China and meet.
27:26
Speaker 1: I mean, there was a period in which maybe you
27:29
Speaker 1: were meeting with the China that was changing, It was
27:32
Speaker 1: going on a new course, those heading towards more freedom.
27:35
Speaker 1: It certainly is not the case today. Trump is meeting
27:39
Speaker 1: with an authoritarian who is who is very bad for
27:44
Speaker 1: the world, and very bad for the United States, and
27:47
Speaker 1: ultimately very bad for China. Mao is Tenis the man
27:53
Speaker 1: that Nixon was so slaughtering and and and engaging in
27:59
Speaker 1: policy that lead to the death of tens of millions
28:04
Speaker 1: of people. Makes you ten next the man of anything.
28:09
Speaker 1: Mao was subhuman. There's nothing manly about Mao. There's nothing
28:16
Speaker 1: manly about murderers. There's nothing manly about, you know, about
28:21
Speaker 1: authoritarian thugs who destroy their country. I'm just responding to
28:29
Speaker 1: Tommy in the chat thinks, maos manly. That's not manly,
28:40
Speaker 1: that's notmanly, that's uh, you know, that's animalistic. It's beneath
28:47
Speaker 1: man there's barbaric stalin Mao Hitler. That are manly, despicable
28:58
Speaker 1: little creatures that never really attained a you know, a
29:06
Speaker 1: life above and beyond that of a beast of an animal.
29:13
Speaker 1: I wouldn't put them in the same category as a
29:16
Speaker 1: president of the United States. Ever, even Ones I despise
29:19
Speaker 1: like Nixon, people are subhuman. China right now is you know,
29:31
Speaker 1: it is dominating manufacturing in the world, and people all
29:36
Speaker 1: over the world are incredibly panicking. I mean electric vehicles
29:41
Speaker 1: is a good example. They dominate the electric vehicle space
29:45
Speaker 1: and they're causing panic all over Europe and I think
29:48
Speaker 1: in the United States because other companies in the United
29:52
Speaker 1: States and in Europe cannot compete. But in every realm
29:56
Speaker 1: of industry, from the most sophisticated to the least sophisticated,
30:00
Speaker 1: China is producing, and it is entering new spaces like
30:08
Speaker 1: biotech and pharmaceuticals at an ever increasing pace, and the
30:14
Speaker 1: government is subsidizing a lot of this while leaving entrepreneurs
30:19
Speaker 1: enough space to innovate and produce enough freedom for new
30:23
Speaker 1: ideas to come about. Chinese economy is struggling because beyond
30:31
Speaker 1: kind of manufacturing, particularly for export, the economy is really,
30:37
Speaker 1: really really struggling from decades really of mismanagement and malinvestment,
30:44
Speaker 1: particularly into a real estate sector that has turned into
30:47
Speaker 1: a complete and other disaster. But once you look at
30:55
Speaker 1: just the sectors like tech and manufacturing, China is incredibly productive.
31:02
Speaker 1: Now it's not sustainable because because China subsidizes so much
31:08
Speaker 1: of it, it's not wealthy enough to subsidize it. It
31:11
Speaker 1: doesn't have the funds. It has to get the funds
31:14
Speaker 1: from somewhere. Massive amounts of debt. China's far more in
31:19
Speaker 1: debt in a sense of debt running deficits than the
31:22
Speaker 1: United States is than Europe is. For China to pay
31:27
Speaker 1: off this debt, it's going to have to significantly inflate
31:31
Speaker 1: in the future. This is why the yuon is not
31:35
Speaker 1: a threat to the dollar. This is why the world
31:37
Speaker 1: will not converge the yuon. Nobody trusts that curency. But
31:44
Speaker 1: in the short term, medium term, China is you know,
31:50
Speaker 1: dominating so many industries. Put aside the national security issue
31:56
Speaker 1: that many many people in and you know, various economies
32:01
Speaker 1: around the world are panicking, and you know, ultimately China
32:10
Speaker 1: will fail. Right. Economic policy, industrial policy, central planning does fail.
32:15
Speaker 1: China has too much of that. It has a marketplace,
32:19
Speaker 1: but too much of it is manipulated and controlled by
32:23
Speaker 1: a central planning authority with five year plans. The huge
32:31
Speaker 1: budget deficits, the enormous amount of debt throughout its economy,
32:35
Speaker 1: not just at the you know, federal level, is at
32:39
Speaker 1: federal at the national level, but at the state level,
32:42
Speaker 1: at the city level, at the personal level, huge amounts
32:45
Speaker 1: of debt, much more than even the United States at
32:52
Speaker 1: some point the risk of inflating that or defaulting on
33:00
Speaker 1: not seeing massive defaults throughout the economy. But it also
33:04
Speaker 1: has an unbelievably aging demographic and birth rates I think
33:12
Speaker 1: below one way below replacement, and where its population is
33:17
Speaker 1: going to start is started already shrinking, but it's going
33:20
Speaker 1: to that shrinkage is going to accelerate. Few and fewer
33:24
Speaker 1: people in productive ages and no meaningful in migration. The
33:32
Speaker 1: Chinese economy is in trouble given the way it's being manipulated.
33:40
Speaker 1: It has no flexibility to adjust to an aging population.
33:45
Speaker 1: It has no way to reconfigure itself at some point
33:50
Speaker 1: that Chinese industrial policyd right now scares the world is
33:55
Speaker 1: going to implode. Central planning does not work. It's just
34:04
Speaker 1: a question of when, and it could take a long time.
34:07
Speaker 1: And in the meantime, a lot of people around the
34:11
Speaker 1: world are worried. The solution does not to emulate China.
34:16
Speaker 1: The solution is not to embrace their methods. The solution
34:21
Speaker 1: actually is quite the opposite. We should benefit from their subsidies.
34:28
Speaker 1: We should suck them dry. They want to subsidize consumer goods,
34:34
Speaker 1: any kind of goods for Americans, do it. But at
34:39
Speaker 1: the same time, in those areas where China really where
34:44
Speaker 1: there really is a national security risk, the United States
34:47
Speaker 1: needs to. I mean, the United States and Europe are
34:52
Speaker 1: not burdened by China. They're burden by their own regulations
34:57
Speaker 1: and taxation. You want to compete, it's easy. Deregulate in
35:04
Speaker 1: the US, Do regulate? Do you regulate? Deregulate in Europe
35:09
Speaker 1: even more deregulate like instead of three deregulations, do four.
35:13
Speaker 1: And in Europe, cut taxes, particularly corporate taxes, cut taxes,
35:19
Speaker 1: cut taxes, cut taxes. Do you regulate deregularly deregulation in
35:22
Speaker 1: the US mainly deregulation, massive deregulation. And here in particular,
35:30
Speaker 1: we've talked about this many times before. Environmental regulations so
35:33
Speaker 1: we can mine environmental regulations, so we can build a
35:36
Speaker 1: refining capacity for the rare earth materials. We have everything
35:40
Speaker 1: we need in order to compete worth the Chinese. We
35:45
Speaker 1: just need to freedom to access it. And to produce it.
35:49
Speaker 1: What places the United States is a competitive disadvantage to
35:52
Speaker 1: China are not Chinese subsidies. What makes America not competitive
35:58
Speaker 1: with China is a massive regulations on labor, but primarily
36:05
Speaker 1: environmental type of regulations and business type regulations. Do you regulate,
36:10
Speaker 1: do you regulate? Do you regulate at scale? But that's
36:15
Speaker 1: not on anybody's agenda, sadly. I mean somewhat in the
36:19
Speaker 1: environmental space and the energy space in the US, maybe
36:22
Speaker 1: a little bit even in mining, but beyond that, almost
36:27
Speaker 1: nothing is happening, sadly. All right, Oh wow, let me
36:36
Speaker 1: remind you to ask questions. Ask questions. That way you
36:39
Speaker 1: get to shape the shape of the show because I answer,
36:42
Speaker 1: which I talk about what you want me to talk about.
36:44
Speaker 1: Which are the questions right now? Like Michael is single
36:47
Speaker 1: handedly almost all of the questions of Michael's there's Remo
36:51
Speaker 1: has a question, but that's it for the over twenty
36:55
Speaker 1: dollars questions are all Michael other than remo, where are
36:59
Speaker 1: you guys? And Michael says, half of the questions under
37:04
Speaker 1: twenty dollars, So step in, guys, ask questions. Support the show.
37:13
Speaker 1: Ny K, Thank you, thank you for the sticker. Really
37:16
Speaker 1: appreciate it and also Woland, thank you for the sticker.
37:24
Speaker 1: All right, so let's see that was China Ramas good
37:30
Speaker 1: news today. It suns out that in spite of the
37:33
Speaker 1: ceased fire in Gaza, is A continues to take out
37:36
Speaker 1: take out targets. In this afternoon, the Prime Minister Nataniel
37:45
Speaker 1: and Defence Minister Cats both announced that Israel struck. The
37:50
Speaker 1: struck is El Din Alhadad, who is Ramasa's military leader
37:57
Speaker 1: and was one of the key planners of the October Indeed,
38:01
Speaker 1: he is one of the only remaining commanders from the
38:05
Speaker 1: time of October seventh that were still alive, and it
38:09
Speaker 1: seems like Israel took him out this afternoon and he led.
38:15
Speaker 1: He's led Hamas's military since the death of Sinhwa. I
38:21
Speaker 1: expect that he is dead. They seemed pretty confident about
38:25
Speaker 1: that they had identified him. They dropped enough bombs to
38:28
Speaker 1: make sure he was gone again. He's the highest ranking
38:31
Speaker 1: military commander of Hamas, the latest senior Hamas figure remaining
38:37
Speaker 1: in the gards of strip was among the leaders of
38:40
Speaker 1: the October seventh massacre. Hadad constantly moved from place to
38:45
Speaker 1: place during the war. Heavily involved in arranging the hostages.
38:53
Speaker 1: By the way, when he moved around during the war,
38:56
Speaker 1: he had hostages attached to his hip. He constantly moved
39:00
Speaker 1: around with hostages, knowing that the Israelis wouldn't bomb him
39:04
Speaker 1: out of fear of harming the hostages. So he moved
39:07
Speaker 1: from tunnel to tunnel with hostages to make sure they
39:10
Speaker 1: were with him at all times. You know, he was
39:16
Speaker 1: surrounded by including nahal Os, the lookouts, the IDF female
39:22
Speaker 1: soldiers who had been captured. He was with them constantly. Again,
39:29
Speaker 1: under his command, hostages were murdered, starved, sexually abused. And
39:40
Speaker 1: he is now thankfully, I mean I hope so unless
39:45
Speaker 1: they miss somehow he is, he has gone. So good riddance. Although,
39:52
Speaker 1: as I've said many times, the reality is that you
39:57
Speaker 1: can bump off the leadership, and bump off the leadership,
39:59
Speaker 1: and bump off the leadership and keep doing this and
40:02
Speaker 1: then new ones, new ones pop up, new ones pop up.
40:04
Speaker 1: Now every generation is younger, less experienced, less competent than
40:09
Speaker 1: the previous ones. It's all good, but that is not
40:11
Speaker 1: how you win. That is not achieve victory. That is
40:16
Speaker 1: how you delay, That is how you postpone. That is
40:19
Speaker 1: how you slow down the enemy. That is how you
40:21
Speaker 1: weaken the enemy. It's not how you beat the enemy,
40:23
Speaker 1: it's not how you achieve victory. To achieve victory, it
40:27
Speaker 1: all has to retake the gouds of the strip, the entire
40:30
Speaker 1: Guyza strip, not a percentage of it. Have to reoccupy it,
40:37
Speaker 1: and they have to basically hunt Haramas down, destroy it,
40:42
Speaker 1: every element of it, kill as many people as needed
40:48
Speaker 1: in order for Hamas never to rise up again. The West,
40:55
Speaker 1: we'll call it genocide, a second one, I guess, but
40:59
Speaker 1: that is the price you have to pay. You have
41:01
Speaker 1: to pay prices hatred of the West. But you have
41:04
Speaker 1: to beat Ramas. You have to destroy them, you have
41:10
Speaker 1: to eliminate them. And again to do that, Israel has
41:12
Speaker 1: to retake the Gaza stript. The good news is that
41:16
Speaker 1: whereas I remember, the yellow line was the line separating
41:20
Speaker 1: the area that Israel in Gaza, that Israel controlled and
41:22
Speaker 1: the area Ramas controlled, and it was set by the
41:25
Speaker 1: United States. That was a ceasefire line. Israel keeps sneaking
41:30
Speaker 1: in and taking more territory. So I think when the
41:33
Speaker 1: yellow line was set it was like fifty two percent
41:36
Speaker 1: or something of Gaza, and I think they're up now
41:38
Speaker 1: to sixty five percent, so they keep moving the yellow
41:41
Speaker 1: line further in. So Israel has a majority. It controls
41:46
Speaker 1: the majority of the Gaza strip right now, and it's
41:49
Speaker 1: slowly moving in. Ultimately it will have to take one
41:53
Speaker 1: hundred percent. As I said at the time of the ceasefire,
41:57
Speaker 1: no military force in the world well actually commit troops
42:01
Speaker 1: to going in and disarming Ramas. The Gulf States are
42:04
Speaker 1: not going to do it. The Talks would love to
42:06
Speaker 1: have their troops in Gaza, but not to dismant Ramas,
42:09
Speaker 1: but to support them, arm them, and to help them
42:13
Speaker 1: and to help them attack Israel. Only is and the
42:18
Speaker 1: United States could do it if they were willing. But
42:20
Speaker 1: why why? I mean I would be against deploying American
42:23
Speaker 1: troops on the ground in Gaza. I think that would
42:25
Speaker 1: be how Israel needs to do it. Israel can do it.
42:30
Speaker 1: Israel just needs the green light from Trump to actually
42:33
Speaker 1: do it. We will see, we will see, we will
42:40
Speaker 1: see what happens. It is interesting that they chose today
42:42
Speaker 1: to do it. May fifteenth, Today is the seventy eighth
42:46
Speaker 1: anniversary of the Declaration of Independence of Israel. Now granted
42:56
Speaker 1: in Israel, they don't celebrate it on May fifteenth. They
42:59
Speaker 1: celebrate it in the Jewish calendar, which every year is
43:03
Speaker 1: going to be a different date. In the true calendar
43:07
Speaker 1: of the sun, they still use the moon calendar of
43:11
Speaker 1: ancient times. So this year the independence day was an
43:15
Speaker 1: April some point. But in terms of the actual time,
43:20
Speaker 1: you know, if you want to, if you want to
43:22
Speaker 1: be on a real calendar, it is celebrated. It should
43:25
Speaker 1: be celebrated on May fifteenth. This is the date of
43:28
Speaker 1: Israeli independence. It is also the date that the Palenstinians
43:32
Speaker 1: celebrate as the Knakaba, the catastrophe, which again which again
43:41
Speaker 1: is is today. Tell me, what do you have against Egypt?
43:44
Speaker 1: Why would you want is all to to invade Egypt?
43:48
Speaker 1: That is bizarre. I didn't think you were this militant
43:53
Speaker 1: told me anyway, you know, this is the catastrophe or
43:58
Speaker 1: during which seven and fifty thousand Palestinians were, according to
44:05
Speaker 1: the Knackabi, expelled, and over four hundred villages according to
44:10
Speaker 1: the Palestinians were destroyed, and the Israeli state was established. Now,
44:16
Speaker 1: most of the Palestinians were expelled way before Me fifteenth,
44:20
Speaker 1: or weren't expelled. They left, most of them left. But
44:23
Speaker 1: we'll get to that. We'll get to that. So what
44:29
Speaker 1: are you going to talk about the naquite today? But
44:31
Speaker 1: this is a good opportunity to remind you that Nicos
44:34
Speaker 1: will be with me on Sunday at three pm East
44:37
Speaker 1: Coast time. Nikos and I will be talking about the
44:41
Speaker 1: nineteen forty eight War of Independence, Israeli War of Independence.
44:44
Speaker 1: We'll be talking about what it constituted, what was, what happened,
44:51
Speaker 1: why it happened, why was made the date of Israeli independence,
44:57
Speaker 1: what necessitated that? Why did the Palace he Is considered
45:00
Speaker 1: that day a day of catastrophe of a knakaba? What
45:04
Speaker 1: are the actual origin of that catastrophe, Who caused the catastrophe,
45:08
Speaker 1: what is the catastrophe. We'll get into all of that.
45:12
Speaker 1: This will be with Nikos. I think most of you
45:16
Speaker 1: enjoyed Nikos's last Sunday when we talked about Stalin and Hitler.
45:21
Speaker 1: This time we'll talk about Goyon and maybe the Mufti
45:25
Speaker 1: of Jerusalem. We'll see if we get into the Mufti
45:29
Speaker 1: of Jerusalem. I assume we will. Anyway, we'll talk about
45:32
Speaker 1: nineteen forty eight in the history of Israel, the beginning
45:36
Speaker 1: of Israel. So join us for that. I think you
45:40
Speaker 1: won't get a better stoic kil analysis of what happened
45:44
Speaker 1: in forty eight that you will on Sunday with Nikos
45:48
Speaker 1: and me. So join us there, all right. I don't
45:53
Speaker 1: know about you, guys, but I'm looking forward to Christopher
45:56
Speaker 1: leans movie coming out this summer, of Odysseus. Not because
46:02
Speaker 1: I think that Christopher Nolan's movie of Odysseus is going
46:05
Speaker 1: to be particularly uh you know, necessarily loyal to the
46:10
Speaker 1: actual story or mean anything at the end of the day,
46:13
Speaker 1: Because Christopher Nolan's movies rarely mean anything, but they're spectacles. Uh.
46:19
Speaker 1: He knows how to put on a spectacle. He knows
46:22
Speaker 1: how to create a grand scene and and to uh,
46:26
Speaker 1: you know, use both really good acting and uh uh
46:32
Speaker 1: great cinematography, and and he has a good sense of drama.
46:36
Speaker 1: And I think you'll it'll be a spectacle. It'll be
46:39
Speaker 1: a fun movie to go to the theater to watch
46:41
Speaker 1: rather than at home, because it'll be grand scale, big story.
46:45
Speaker 1: And of course, the thing about Odysseus as comparted to
46:49
Speaker 1: you know, let's say the Battle of Troy itself, is
46:54
Speaker 1: it's Odysseus is not a primarily an action movie. It
46:58
Speaker 1: is it really is a movie about one human being,
47:01
Speaker 1: about about his adventures, but a lot of those adventures
47:05
Speaker 1: adventures of the soul, adventures requiring determination and and and
47:13
Speaker 1: requiring a strength of spirit and standing up to to
47:18
Speaker 1: various challenges along his journey. So I'm I'm I'm looking
47:27
Speaker 1: forward with we you know, Uh god, what's his name?
47:31
Speaker 1: The actor is going to play Odysseus. Uh God, the
47:35
Speaker 1: name just slipped my mind. I had a second ago,
47:39
Speaker 1: but but yes, uh you know, there should be a
47:42
Speaker 1: grand spectacle. However, however, it has already been announced that
47:50
Speaker 1: Odysseus is a complete sellout movie, sell out to the ih.
47:57
Speaker 1: Elon Musterday posted that Christopher nole and desecrated the Odyssey.
48:04
Speaker 1: Now you think, okay, decorated the Odyssey? God he What
48:07
Speaker 1: are the plot twists? Does Odysseus dying it? Or does
48:10
Speaker 1: does his wife actually sleep with the with the with
48:13
Speaker 1: the guy with all the all the suitors? What exactly
48:18
Speaker 1: happens that this is a desecration? What caused in Elon
48:23
Speaker 1: Musk's mind any many other people's minds. What caused the
48:28
Speaker 1: desecration of a, this is the theme different. Now, I'm
48:33
Speaker 1: not sure what the theme of Odysseus is in in
48:37
Speaker 1: the original Homer And I would understand if people really
48:41
Speaker 1: really upset if the theme had been desecraated. But that
48:45
Speaker 1: is not what Elon Musk is upset at. And he,
48:49
Speaker 1: I mean, Twitter is ablaze with people being flipping out
48:54
Speaker 1: over the casting. You know this is not over the story,
48:58
Speaker 1: not of a loyalty to the magnificent poem, loyalty to
49:03
Speaker 1: the spirit of it. No, no, that would be horrific.
49:08
Speaker 1: I mean nobody cares. Not, that would be her. Nobody
49:11
Speaker 1: cares about the actual story. Nobody cares about whether he's
49:14
Speaker 1: loyal to the theme to the poem. Yeah. Sorry, the
49:21
Speaker 1: poem is called the Odyssey, the Odyssey, not Odysseus the Odyssey,
49:26
Speaker 1: so nobody seems to care about the Odyssey, the story
49:33
Speaker 1: of the ardisty. Elon Musk suddenly doesn't suit the care
49:37
Speaker 1: about the story of the Odyssey. What does he care about?
49:40
Speaker 1: He cares about the fact that Helen of Troy has
49:43
Speaker 1: been cast by a black woman, a beautiful black woman.
49:51
Speaker 1: I mean, Ellen of Troy was supposed to be the
49:52
Speaker 1: most beautiful woman in the world. That could launch a
49:55
Speaker 1: thousand ships. That is an essential part of the poem,
50:01
Speaker 1: more important for uh, you know, for the sequel to
50:10
Speaker 1: the Odyssey than for the Odyssey itself. But you know,
50:13
Speaker 1: it's it's it's part of the beginning of the story,
50:15
Speaker 1: right because Odysseus is you know, the Battle of Troy
50:21
Speaker 1: is over. Odysseus is going home, and the Odyssey is
50:25
Speaker 1: about his trip home. So the actors who plays Helen
50:29
Speaker 1: of Troy is going to be on screen for a
50:33
Speaker 1: few minutes in this two and a half hour movie.
50:37
Speaker 1: And yet the Internet is exploding because she is being cast.
50:41
Speaker 1: She is black, and the Greeks back then were not black,
50:46
Speaker 1: and people are very, very upset by this. How could
50:51
Speaker 1: she be a beauty? He launched a thousand ships if
50:54
Speaker 1: she's black seems a little racist to me. So, yes,
51:05
Speaker 1: this is what everybody's upset about. Not the esthetic integrity,
51:09
Speaker 1: not the how good the movie's going to be. I
51:12
Speaker 1: think the movie will be spectacular and shallow. Oppenheimer, what
51:17
Speaker 1: was the theme of Oppenheima? What was the point of Oppenheim?
51:19
Speaker 1: What was he trying to say? So she's a beautiful
51:30
Speaker 1: black actress, Why does anybody care? Oh? My god, it's woke.
51:35
Speaker 1: Why does anybody care? Again? Why do you care? Now?
51:40
Speaker 1: Then people freaked out, Oh my god, people really faked
51:42
Speaker 1: out about this one, right, and that is they faked
51:48
Speaker 1: out because who is going to play Achilles? Achilles? Who's this?
51:57
Speaker 1: You know? A powerful warrior? Ever? And the rumo was
52:11
Speaker 1: the room was that Elliott Page was going to play Achilles.
52:14
Speaker 1: And Elliott Page is trans and it kind of looks
52:18
Speaker 1: like a little boy, Like a little boy that wouldn't
52:36
Speaker 1: be a good Achilles. Yeah. I can't see that as
52:38
Speaker 1: an Achilles. And it turns out indeed that I know
52:43
Speaker 1: this will be heartbreaking for some of you. He's not
52:45
Speaker 1: playing Achilles. I'm just trying to find the role that
52:51
Speaker 1: he's playing. Yeah, Elliot Page, he's not going to be Achilles,
52:58
Speaker 1: So relax people, Blacks people. He's going to be playing
53:09
Speaker 1: the youngest member of Odysseus crew that is the first
53:16
Speaker 1: casualty on the trip back home. And in that sense,
53:22
Speaker 1: Eli Page might be completely vopit. He looks super young.
53:27
Speaker 1: He looks like a young member of a crew of
53:30
Speaker 1: Odysseus crew, not Achilles group. Yeah. I mean, if Elliot
53:34
Speaker 1: Page was Achilles, was Achilles, that would be weird. But
53:38
Speaker 1: instead of jumping to that conclusion as everybody does because
53:41
Speaker 1: somebody mentioned it, you know in a in a tweet,
53:47
Speaker 1: people flipped out and went crazy. Well, maybe investigate before
53:53
Speaker 1: you go crazy, Maybe figure out what's really going on.
53:56
Speaker 1: Nobody actually knows who's who yet all the characters. Now,
54:01
Speaker 1: Matt Damon is Odysseus, And is that the best choice
54:05
Speaker 1: for Odysseus is Matt Damon the most odisseous. I mean,
54:09
Speaker 1: let's judge it by his acting, by the actual presentation.
54:13
Speaker 1: I don't know. I suppose that they're including the Hades part.
54:22
Speaker 1: He does go down into into Hell, into the afterlife,
54:30
Speaker 1: not not Hell. The so he goes down to Haiti.
54:34
Speaker 1: And this character that that Elliott Page plays, it plays
54:39
Speaker 1: a role down there, right, But it's not Achilles. It's
54:43
Speaker 1: not Achilles because he's the first casualty. You remember, first casualty. Anyway,
54:51
Speaker 1: people are flipping out over this. I mean, the racism
54:55
Speaker 1: is disgusting. Now, it's true that the Academy Award now
54:59
Speaker 1: has this quite few. You have some kind of racial thing,
55:01
Speaker 1: and you have to have so many minorities and so
55:03
Speaker 1: many of this, and somebody that to be eligible for
55:05
Speaker 1: a prize, which is disgusting in and of itself. The
55:09
Speaker 1: only quarter is should be the quality of the movie.
55:15
Speaker 1: But the flip side of that is to flip out
55:18
Speaker 1: about what I mean. I had a quote here from
55:23
Speaker 1: uh On from yeah Man Walsh. He says, not one
55:28
Speaker 1: person on the planet actually thinks that Lupita and the
55:31
Speaker 1: Yogos is the most beautiful woman in the world. But
55:35
Speaker 1: Christopher Nolan knows that he would be called a racist
55:38
Speaker 1: if he gave the most beautiful woman role to a
55:41
Speaker 1: white woman. Nolan is technically talented by a coward. I mean,
55:46
Speaker 1: I think he is somewhat of a coward because again
55:49
Speaker 1: he refuses to make any kind of statement in his
55:53
Speaker 1: movies which is much more profound. But why isn't she
56:03
Speaker 1: the most beautiful woman in the world. Is the most
56:06
Speaker 1: beautiful woman in the world a white woman? Is the
56:10
Speaker 1: passage in Homer saying something about the whiteness of her skin,
56:14
Speaker 1: of her arms, I think of her arms? Is that
56:16
Speaker 1: the most important thing to fulfill the integrity of the poem?
56:20
Speaker 1: Now curious what Nikos is going to think about this,
56:23
Speaker 1: because this is supposed to be portraying Greeks and Helen.
56:28
Speaker 1: If Troy is supposed to be Greek, but I'm looking
56:30
Speaker 1: at a photo of Lupita and she is pretty gorgeous.
56:38
Speaker 1: So I don't see why it has to be a
56:44
Speaker 1: white woman white. Any of these characters have to have
56:47
Speaker 1: the skin color. I mean, skin color in Othello matters.
56:52
Speaker 1: It matters in Othello because it's part of the plot, right,
56:55
Speaker 1: The fact that he's black is part of the plot,
57:00
Speaker 1: you know, the skin color in if you're doing a
57:04
Speaker 1: movie about slavey in the South, skin color matters. But
57:09
Speaker 1: what does skin color matter here in terms of the
57:12
Speaker 1: characters the characterization by the way I think she plays.
57:19
Speaker 1: Nungo Young plays two parts in the movie, both Helen
57:23
Speaker 1: and Troy and her sister, the sister of Helen whose
57:27
Speaker 1: name I can't pronounce, who is married to Agamemnon, and
57:31
Speaker 1: it looks like maybe like a Memnon is black as well.
57:34
Speaker 1: This is upsetting people. This is the level of you know,
57:39
Speaker 1: I mean literally alone. Musk is all over the internet
57:41
Speaker 1: fuming about this. I think we live in a pretty
57:49
Speaker 1: disgustingly racist society. If this is what matters to people now,
57:55
Speaker 1: it is true that it shouldn't matter to the Academy
57:57
Speaker 1: Awards either, So the whole thing is racist from left
58:00
Speaker 1: and racist from right. But it really is sad, really
58:06
Speaker 1: is sad by the way Oppenheimer Oppenheimer, Oppenheimer. Yeah, that movie,
58:11
Speaker 1: that movie Oppenheim had an all white cast, I believe,
58:19
Speaker 1: and yet it won all the Oscars. So somehow you
58:22
Speaker 1: can win the Oscars in spite of having lots of
58:27
Speaker 1: white men in the leads. So I'm not sure. I'm
58:33
Speaker 1: not sure how it all works at the Oscars. It
58:36
Speaker 1: turns out that it's not a disqualifier. But yeah, I
58:42
Speaker 1: found it astounding that people are judged by the color
58:46
Speaker 1: of their skin up by the quality of their acting, not
58:48
Speaker 1: by the quality of the movie they put together, not
58:51
Speaker 1: by the aesthetic value of what they've done. And it's
58:54
Speaker 1: maybe it's it's commitment to the themes and the essential
58:59
Speaker 1: nature of the work that they are replicating that is,
59:03
Speaker 1: in this case, the Odyssey. But based on you know,
59:10
Speaker 1: the color of you. I mean, this is I mean
59:15
Speaker 1: judging Hamilton the Musical based on the fact that the
59:22
Speaker 1: all the characters were black, representing the funding fathers who
59:24
Speaker 1: were white. I mean, why did that matter? I mean,
59:29
Speaker 1: you you judge it by the quality of the music,
59:31
Speaker 1: the quality of the text, the quality of the acting,
59:32
Speaker 1: the quality of the singing and dancing. It's a musical. Now.
59:37
Speaker 1: It's true that the fact that they chose in all
59:41
Speaker 1: black cast to do it purposefully is also kind of
59:48
Speaker 1: way more racist than I would like. But the whole
59:50
Speaker 1: thing is ridiculous. The whole thing is absurd. People's skin
59:58
Speaker 1: color should have nothing to do with these considerations. Again,
1:00:02
Speaker 1: unless it's necessary for the story, and in some cases
1:00:08
Speaker 1: it is. The story is about slavery in the South,
1:00:11
Speaker 1: though of that low something like that. All right, So
1:00:25
Speaker 1: I am disgusted by the racist state of both left
1:00:29
Speaker 1: and right in America today. I never really thought i'd
1:00:34
Speaker 1: see that, right. I mean, America was racist for a
1:00:37
Speaker 1: long long time, but I didn't think I would actually
1:00:40
Speaker 1: see it grow and become as significant as it is
1:00:45
Speaker 1: in America, of all places of America of today. All right,
1:00:52
Speaker 1: let's see, Yes, UK, Swede and Sweden. I want to
1:01:05
Speaker 1: talk about UK, Sweden and maybe Europe generally. The UK
1:01:09
Speaker 1: is in deep trouble. I mean, the economy there is
1:01:12
Speaker 1: really struggling. You know, if we think the US economy
1:01:15
Speaker 1: is struggling, no, we're growing robustly in comparison to the UK.
1:01:20
Speaker 1: The UK is massively in debt. The interest rates on
1:01:25
Speaker 1: UK bonds historically high, the highest ay being in decades,
1:01:33
Speaker 1: because nobody wants to buy their bonds, because nobody trusts
1:01:36
Speaker 1: the UK government to actually pay back all the money
1:01:40
Speaker 1: that they're borrowing. There's no plan in place to how
1:01:43
Speaker 1: to solve the debt crisis in the UK or how
1:01:46
Speaker 1: to get the economy going. The economy is struggling, and
1:01:55
Speaker 1: again debt is through the roof services of declining. NHS
1:02:01
Speaker 1: is way understaffed, and yet you know, can bring immigrants
1:02:07
Speaker 1: in because immigrants are hated and resented, so we can
1:02:11
Speaker 1: bring them in, can deal with that the Labor mark,
1:02:16
Speaker 1: the Labor Party is unbelievably unpopular under Starmer. They have
1:02:22
Speaker 1: just taken a massive electoral loss in local elections. Doesn't
1:02:26
Speaker 1: affect their parliamentary majority, but affects local elections, massive loss,
1:02:34
Speaker 1: I think fourteen hundred seats in local councils. And you
1:02:41
Speaker 1: what you're saying is a rise on the left of
1:02:44
Speaker 1: kind of the Greens who are becoming the representative of
1:02:48
Speaker 1: the Islamists in the UK, and of Reform, which is
1:02:53
Speaker 1: kind of a anti immigrant statist. You're just just a
1:03:01
Speaker 1: mishmash incoherent missmash of kind of right wing populism on
1:03:05
Speaker 1: the right. Those are the two parties on the rights,
1:03:09
Speaker 1: but the UK is from a from a purely economic perspective,
1:03:15
Speaker 1: on the decline right. The thirty year bond in the
1:03:21
Speaker 1: UK is above five point eight as of May twelfth.
1:03:25
Speaker 1: I haven't seen that level since nineteen ninety eight. Investors,
1:03:31
Speaker 1: you know, worried that as bad as Starmer is, he
1:03:35
Speaker 1: is going to be replaced. There's a leadership challenge now
1:03:37
Speaker 1: for him, and it looks like he will lose the
1:03:40
Speaker 1: premiership given the loss in the local elections, but the
1:03:44
Speaker 1: bond markets afraid that his replacement even more left wing
1:03:47
Speaker 1: than he is. There is no sense, no sense that
1:03:55
Speaker 1: anybody is interested or capable of actual reduction in government spending,
1:04:03
Speaker 1: of actual physical fiscal responsibility, and so spending is out
1:04:11
Speaker 1: of control. All they can do is try to raise taxes,
1:04:14
Speaker 1: but raising taxes has not generated the kind of revenue
1:04:17
Speaker 1: they would have expected, primarily because people leave the country
1:04:21
Speaker 1: if you raise taxes on them enough, so the government
1:04:27
Speaker 1: has to borrow, you know, to fund it. Services can't
1:04:31
Speaker 1: raise taxes enough to fund it services, and the mode borrows.
1:04:34
Speaker 1: The higher interstates go, the higher interstates goes. This is
1:04:38
Speaker 1: the case in the United States as well. The mode
1:04:41
Speaker 1: has to pay interest on the bonds that they on,
1:04:46
Speaker 1: the loans that they've taken, and the interest starts eating
1:04:50
Speaker 1: up your entire budget. I mean, in the most recent
1:04:59
Speaker 1: physical go year, the UK government spend one hundred billion
1:05:03
Speaker 1: dollars just paying interest on its debt. That's just interest.
1:05:09
Speaker 1: That's about the same as it spends on education every year,
1:05:15
Speaker 1: and that is only going up. That is only going up.
1:05:20
Speaker 1: And the more that goes up, the more borrowing they
1:05:22
Speaker 1: have to make, the more borrowing they have to take on.
1:05:25
Speaker 1: The higher interestates go up, the high they interests go up,
1:05:28
Speaker 1: the more the interest payment go up. And it's a
1:05:30
Speaker 1: verve not of virtuous but the opposite circle that just
1:05:34
Speaker 1: gets worse and worse and worse and worse. Indeed, the
1:05:38
Speaker 1: one socialist government in Europe is crashing and it's not
1:05:46
Speaker 1: clear how they get out of this. It is not
1:05:49
Speaker 1: clear how they get out of this. We will see
1:05:53
Speaker 1: who replaces Starmer, the number of people running for that position,
1:05:59
Speaker 1: but there's no clear cut, unequivocal, you know, leader. But
1:06:06
Speaker 1: it's likely to be something from somebody from the left
1:06:09
Speaker 1: for the left than even he is. So ukuys in
1:06:13
Speaker 1: trouble and there's no clear path out of it because
1:06:18
Speaker 1: you're not going to get elections national elections in the
1:06:20
Speaker 1: UK I think twenty twenty eight to maybe twenty twenty nine.
1:06:26
Speaker 1: The Labor has a majority in Parliament, so they don't
1:06:30
Speaker 1: have to go to election until twenty twenty nine. And
1:06:33
Speaker 1: the meantime, things are only going to get worse and
1:06:36
Speaker 1: worse and worse and worse. So yeah, I mean the
1:06:46
Speaker 1: leading candidate right now is a what they call a
1:06:49
Speaker 1: soft left candidate soft left which means, yeah, they want
1:06:59
Speaker 1: to increased taxes on high owners, increased taxes on wealth
1:07:03
Speaker 1: and property, which means more high owners will leave the UK.
1:07:06
Speaker 1: And they want to cut the basic weight of income
1:07:08
Speaker 1: tax for everybody else. And they want to spend more
1:07:16
Speaker 1: more U alignment, increase spending on defence. That's everybody in
1:07:20
Speaker 1: Europe wants to do that. But where's the money going
1:07:22
Speaker 1: to come from? Nobody knows anyway. That is that is
1:07:30
Speaker 1: the UK, that that is a situation there. On the
1:07:33
Speaker 1: other hand, if we shift to Sweden yesterday was it yesterday? No?
1:07:41
Speaker 1: Four days ago? The wall seat Journal ran the following
1:07:45
Speaker 1: major story. This is the headline, The world's most surprising
1:07:50
Speaker 1: capitalist makeover is underway in Sweden. The shakeup of cradle
1:07:59
Speaker 1: to brave care is lowering government spending, spurring innovation, and
1:08:03
Speaker 1: stirring the fears about those left behind. In other words,
1:08:07
Speaker 1: Sweden is turning its back on its socialist past. Has
1:08:11
Speaker 1: been since the early nineteen nineties, but it is continuing
1:08:15
Speaker 1: to do so. And here's from the article. For decades,
1:08:20
Speaker 1: Sweden was shorthand for brand of high tax, high span
1:08:23
Speaker 1: government that managed people's lives from cradle to grave through
1:08:26
Speaker 1: state run hospital, schools and koms. No longer with little fanfait,
1:08:32
Speaker 1: This Nordic country's of eleven million people has embraced capitalism. Well,
1:08:37
Speaker 1: let's not exaggerate. Wall Street Journal. They've embraced elements of capitalism.
1:08:40
Speaker 1: A little bit of more freedom today. Listen to this.
1:08:45
Speaker 1: Nearly half of primary healthcare clinics are privately owned, many
1:08:50
Speaker 1: by private equity firms. Oh my god, they're pe firms.
1:08:53
Speaker 1: In Sweden, one in three public high schools is privately run,
1:09:00
Speaker 1: financed by the government but privately run, up from twenty
1:09:04
Speaker 1: percent in twenty eleven. School operators are listed on the
1:09:09
Speaker 1: Stock Exchange. Sadly, the curriculum is national, so there's no
1:09:14
Speaker 1: competition in curriculum. There's this competition in efficiency of running
1:09:18
Speaker 1: a school. This has allowed Sweden to do what few
1:09:28
Speaker 1: industrialized countries have managed in recent years, shrink the size
1:09:33
Speaker 1: of the state. That has enabled the government to sharply
1:09:36
Speaker 1: lower taxes an economy say sparked a surge in entrepreneurship
1:09:41
Speaker 1: and economic growth. It's total public social spending bill, which
1:09:47
Speaker 1: includes healthcare, education, and all warfare payments, has fallen to
1:09:51
Speaker 1: twenty four percent of gross domestic product, similar to the
1:09:55
Speaker 1: United States, and well below the over thirty percent of
1:09:58
Speaker 1: nations like France in Italy. Note that it's so into
1:10:02
Speaker 1: the United States, which is a you know, maybe if
1:10:05
Speaker 1: you don't include defense, But the US is at twenty
1:10:11
Speaker 1: two point seven, right, and I think I think that
1:10:14
Speaker 1: includes I wonder if that includes state and local as well.
1:10:19
Speaker 1: Gone to say, Sweden's economy is expected to grow by
1:10:22
Speaker 1: around two percent a year through twenty thirty, roughly the
1:10:25
Speaker 1: same pace as the United States and double the growth
1:10:28
Speaker 1: rate of France and Germany. Sweden is a real land
1:10:35
Speaker 1: of opportunity, says the country's foreign minister, finance minister, I
1:10:39
Speaker 1: want people in capital to stay here and grow. What
1:10:42
Speaker 1: a concept. What many European countries are raising taxes, the
1:10:47
Speaker 1: article continues, Sweden has cut them three years in a row.
1:10:53
Speaker 1: Sweden's top income text eight has following close to fifty
1:10:56
Speaker 1: percent from nearly ninety in the nineteen eighties. If you
1:11:01
Speaker 1: consider the overall tax burden, it's more attractive here than
1:11:05
Speaker 1: in the United States, says Connie Johnson, a billionaire founder
1:11:10
Speaker 1: of EQT, a Stockholm based private equity firm. Oh my god,
1:11:14
Speaker 1: wait a minute. Not only the Swedes are private equity,
1:11:18
Speaker 1: but they have they have I mean, this is hard
1:11:22
Speaker 1: to believe. May somebody call AOC quickly? They have billionaires, billionaires,
1:11:29
Speaker 1: private equity billionaires. It's terrible, It's just horrible. Let's see.
1:11:46
Speaker 1: Here's the article again, and this is spot on right,
1:11:49
Speaker 1: which is unusual for an article in any newspaper. Sweden
1:11:53
Speaker 1: didn't always have a big public sector. The country climb
1:11:55
Speaker 1: from being one of the poorest to the third richest
1:11:58
Speaker 1: country in Europe over one hundred years through nineteen seventy
1:12:03
Speaker 1: without high levels of taxation. With a very small minimum government.
1:12:08
Speaker 1: Sweden is one of the great successors of nineteen late
1:12:11
Speaker 1: nineteenth century early twentieth century capitalism. It was one of
1:12:16
Speaker 1: the freest countries in the world in the late nineteenth
1:12:20
Speaker 1: century early twentieth century, and it went from one of
1:12:22
Speaker 1: the poorest countries in the world to a third richest.
1:12:26
Speaker 1: But starting in the nineteen sixties article continues, the center
1:12:29
Speaker 1: left Socialist Democratic Party, which dominated the country's post war politics,
1:12:35
Speaker 1: sharply raised taxes and spending, ultimately taking the government spending
1:12:39
Speaker 1: as high as seventy percent of GDP seven zero by
1:12:43
Speaker 1: the nineteen nineties. The changes triggered a long period of
1:12:48
Speaker 1: weak growth, stagnant after tax income, and ballooning budget deficits
1:12:54
Speaker 1: and debt that culminated in a banking crisis in the
1:12:57
Speaker 1: early nineteen nineties. Are you listening? Under pressure for investors,
1:13:04
Speaker 1: the government instituted sweeping economic reforms over the next two decades.
1:13:09
Speaker 1: They included cuts unemployment benefits and housing subs. Cuts unemployment benefits,
1:13:14
Speaker 1: can you imagine? Cuts the housing subsidies and the privatization
1:13:19
Speaker 1: of public services, as well as tax cuts and reform
1:13:23
Speaker 1: pension systems. Oh my god, I thought you can't reform
1:13:26
Speaker 1: pension systems. Can't touch the security. Right, that's what we're
1:13:30
Speaker 1: told by everybody. Strict limits were imposed on government debt.
1:13:37
Speaker 1: Sweden's debt to GDP as a mega thirty six percent
1:13:40
Speaker 1: compared to one hundred and twenty nine percent for the
1:13:43
Speaker 1: United States. In the mid two thousands, the government eliminated
1:13:48
Speaker 1: wealth and inheritance taxes. We still have inheritance taxes in
1:13:53
Speaker 1: the US. Sweden pays very little debt as a percentage
1:14:00
Speaker 1: of GDP zero point seven percent of interest paid is
1:14:08
Speaker 1: the proportion of GDP the United States four percent. The
1:14:15
Speaker 1: result of all this, as well as the entrepreneurs who
1:14:17
Speaker 1: had fled Sweden's high taxes, have been returning, and today
1:14:26
Speaker 1: international polling suggests Swedes a far more open to wealth
1:14:31
Speaker 1: than the French, German, Spanish or Italians, cultures changed, and
1:14:34
Speaker 1: more positive about the market economy than any European country
1:14:38
Speaker 1: except Poland. Sweden's roles voices, which there was only one
1:14:44
Speaker 1: in nineteen seventy, is now over eight hundred eight hundred
1:14:47
Speaker 1: rolls voices in Sweden. Right and Rose was actually as
1:14:53
Speaker 1: a showroom in Stockholm as the state retreated the private sectics.
1:15:00
Speaker 1: A study published in April by the Stockholm Economic School
1:15:03
Speaker 1: of Economics found that Sweden removed the inhabitants and gift
1:15:06
Speaker 1: Texas in two thousand and five. Private firms with potential
1:15:09
Speaker 1: family successes grew faster, invested more, and paid higher copper
1:15:14
Speaker 1: taxes than firms without natural airs. So you take away
1:15:18
Speaker 1: inheritson sexis people work harder to leave a bigger inheritance.
1:15:25
Speaker 1: Sweden today has more billionaires I think than the United
1:15:27
Speaker 1: States per capita. It had five hundred initial public offerings
1:15:34
Speaker 1: over the ten years through twenty twenty four, more than Germany, France,
1:15:37
Speaker 1: and Netherlands and Spain combined. So the healthcare system, particularly
1:15:46
Speaker 1: the private hospitals, are doing better than the rest of Europe. Yeah,
1:15:53
Speaker 1: I mean, if you want a positive story out there
1:15:55
Speaker 1: in the world. Now, not to say that Sweden is
1:15:59
Speaker 1: a capitalist, it's not to mixed economy with a lot
1:16:02
Speaker 1: of state involvement. And it's still, you know, in some
1:16:05
Speaker 1: ways a little better than the US, in some ways
1:16:07
Speaker 1: a little worse than the United States, but it's still
1:16:11
Speaker 1: not great. But yeah, I mean, uh, Sweden is doing
1:16:20
Speaker 1: well now. People say, but but, but the immigrants in
1:16:23
Speaker 1: the crime If you look at the last couple of years,
1:16:26
Speaker 1: the last few years of crime and shootings and and
1:16:30
Speaker 1: and stuff. In Sweden, it's all down. They've got tougher
1:16:34
Speaker 1: on immigrants, they've got tougher on policing. They are and
1:16:41
Speaker 1: they got tough on the on the gangs, and they
1:16:44
Speaker 1: are dealing with the crime issue. But they privatized, they
1:16:51
Speaker 1: have shrunk the size of government and uh yeah, we're
1:16:58
Speaker 1: going to see right. Uh So the left in Sweden
1:17:06
Speaker 1: not very popular, not very popular. It's really a success toy.
1:17:12
Speaker 1: It's not Switzerland or Singapore, but it's pretty good for Scandinavia,
1:17:21
Speaker 1: and particularly given the image given Bernie Sanders, Given AOC's
1:17:26
Speaker 1: view of Scandinavia, Sweden is much close to the United
1:17:32
Speaker 1: States than it is to any visionaire or Sea or
1:17:34
Speaker 1: Bernie Sanders has for the world. So Sweden's moving in
1:17:40
Speaker 1: the right direction. You can in the wrong direction. Sweden's
1:17:42
Speaker 1: been moving in the right direction for thirty years now,
1:17:45
Speaker 1: thirty years. Just pretty impressive. Okay, here's another aspect of
1:17:53
Speaker 1: European politics. Who it's later ready, all right, we're gonna
1:17:56
Speaker 1: keep going. Hopefully you guys will will reward me for
1:18:01
Speaker 1: keeping going. So don't forget to ask questions and use
1:18:04
Speaker 1: stickers to support the show. Not a lot of stickers lately,
1:18:08
Speaker 1: but jump in with stickers and show your support so
1:18:12
Speaker 1: we can keep going. You generally has you have to say,
1:18:27
Speaker 1: abandoned the left, which is shocking and surprising. You wouldn't
1:18:31
Speaker 1: think that. I mean, we think of Europe as the
1:18:34
Speaker 1: bastion of the left. See here's the thing. At the
1:18:38
Speaker 1: year two thousand, over two thirds of citizens in the
1:18:41
Speaker 1: European Union we lived in countries run by leaders from
1:18:46
Speaker 1: the center left two thirds. And the content is future
1:18:52
Speaker 1: looked red read non the sense of republican red, red
1:18:56
Speaker 1: in the sense of socialist. Now, you know, Tony Blair
1:19:02
Speaker 1: and Schroeder and Germany weren't exactly die hard socialists, but
1:19:09
Speaker 1: they were left and you know, they emphasised the office
1:19:14
Speaker 1: state and the regulatory state, and that was their stick
1:19:18
Speaker 1: They you know, took the best ideas in the right
1:19:21
Speaker 1: and mixed them with their lefty stuff and that was
1:19:25
Speaker 1: that was the left luster. But they were definitely part
1:19:27
Speaker 1: of the center left. But here's the funny thing. By
1:19:32
Speaker 1: twenty sixteen, the number of Europeans living in countries run
1:19:36
Speaker 1: by social democrats or left of social democrats went down
1:19:42
Speaker 1: from would I say was earlier two thirds to one third,
1:19:47
Speaker 1: so cut in half. This is in terms of population.
1:19:54
Speaker 1: And then if you look at the you today, of
1:19:57
Speaker 1: the twenty seven nowtional leaders, only three on the left.
1:20:06
Speaker 1: Three of twenty seven Sanchez in Spain, Frederickson in Denmark.
1:20:13
Speaker 1: And I just heard just for it today that she's
1:20:15
Speaker 1: having problems start, you know, organizing a government, so she
1:20:18
Speaker 1: might not be there for very long. And some guy
1:20:22
Speaker 1: named Abala in tiny Malta. That's it. One tenth of
1:20:29
Speaker 1: European population is ruled by the left. And by the way,
1:20:33
Speaker 1: the only reason the left in the UK is running
1:20:37
Speaker 1: things it's not because they're popular. They weren't popular even
1:20:40
Speaker 1: when they won the election. It's because people were so disgusted,
1:20:45
Speaker 1: so upset, so pissed off by the Conservatives that they
1:20:51
Speaker 1: let labor win, not because they loved labor. The UK
1:20:57
Speaker 1: is not a leftist country. In other words, socialism and
1:21:02
Speaker 1: the left more broadly a deeply unpopular, deeply unpopular in Europe.
1:21:11
Speaker 1: There's a whole story in this, and economists today socialism
1:21:14
Speaker 1: is being left behind in Europe. It's fascinating. The right
1:21:18
Speaker 1: is on the rise, and of course you're likely to
1:21:21
Speaker 1: see the far right when in France, Germany is definitely
1:21:25
Speaker 1: tilting right wood and far right in many regards hungry.
1:21:31
Speaker 1: Remember Aubon was defeated, but he wasn't defeated by a leftist.
1:21:35
Speaker 1: He wasn't defeated by a center leftist. He wasn't defeated
1:21:38
Speaker 1: by a centrist. He was defeated by somebody else in
1:21:41
Speaker 1: the center right who was just more sane than he was,
1:21:46
Speaker 1: and less friendly with Putin and less corrupt. It's primarily
1:21:52
Speaker 1: the corruption that matter. So, as I predicted for a
1:21:58
Speaker 1: long time, the left, at least in Europe for now,
1:22:01
Speaker 1: is bankrupt. I think the left in the United States
1:22:04
Speaker 1: is bankrupt. The only thing keeping the left going in
1:22:06
Speaker 1: the US, the only thing that keeps re energizing, And
1:22:11
Speaker 1: it's like, what is it like when you animate a
1:22:15
Speaker 1: dead body. The only thing that keeps animating the caucus
1:22:21
Speaker 1: of the Democratic Party is Trump and the insanity and
1:22:26
Speaker 1: stupidity and absurdity of the Republican Party. But America is
1:22:34
Speaker 1: not leftist, I mean, and the only and it's not
1:22:38
Speaker 1: even clear. I mean, I'm pretty sure that Spain, when
1:22:42
Speaker 1: they have an election next year, is going to vote
1:22:45
Speaker 1: Pedro Sanchez out and that will be the last major
1:22:49
Speaker 1: European country to be governed by a leftist. The right
1:22:54
Speaker 1: we'll have in Europe one hundred percent of all the states. Now,
1:23:03
Speaker 1: the right is the right fall left in what sense?
1:23:07
Speaker 1: The right is you know, fall left when it comes
1:23:10
Speaker 1: to economics, and look, the left is completely one on economics.
1:23:16
Speaker 1: The left is dominating in economics with exception of Sweden.
1:23:21
Speaker 1: But when it comes to cultural issues, that's where the
1:23:25
Speaker 1: right dominates. Right dominates in culture dominates and immigration. But
1:23:33
Speaker 1: everybody's a statist. This is my whole argument about there's
1:23:37
Speaker 1: no difficency in the left and the right essentially in
1:23:40
Speaker 1: terms of human liberty and human freedom. Where I'm not
1:23:42
Speaker 1: left or right, I don't care. I like the fact
1:23:45
Speaker 1: that socialism is out. Now we need to make clear
1:23:48
Speaker 1: that right wing popularism is outs and fascism is outs,
1:23:51
Speaker 1: and statism more broadly is outs, and collectivism is out,
1:23:55
Speaker 1: and then we can talk. Then there's something we can
1:23:59
Speaker 1: fight all. But you know, it's good to knock down
1:24:03
Speaker 1: one socialism. But yes, Europe is rejecting the left, just
1:24:14
Speaker 1: as America has and you know is likely to continue
1:24:18
Speaker 1: to reject the left. Except in the United States. We
1:24:23
Speaker 1: have a right that is so insane and stupid. I
1:24:25
Speaker 1: mean dumb, I think is the real thing. I mean Trump,
1:24:28
Speaker 1: It's just dumb meronic that yeah, or you have left
1:24:32
Speaker 1: is the left? What alternative is there to keep voting
1:24:36
Speaker 1: for dumb, dumb and dumber? That is not working out
1:24:41
Speaker 1: for the average American. Average American's life is not better
1:24:45
Speaker 1: for having Trump in the White House and they know it.
1:24:49
Speaker 1: So what options do they have if this is what
1:24:51
Speaker 1: happens when they vote Republican? This stuck, We are stuck. Oh,
1:25:02
Speaker 1: it's some good news. We talked about this, so I'll
1:25:05
Speaker 1: make this quick because we already talked about this. This
1:25:06
Speaker 1: is the abortion pale pristone mifor pristone, which the Fifth
1:25:14
Speaker 1: Circuit Court, if you remember, Fist Circuit restricted access to
1:25:19
Speaker 1: over tele health, telemedicine and by mail UH and as
1:25:24
Speaker 1: a consequence, basically banned the distribution of the drug except
1:25:29
Speaker 1: by through a physical examination by a doctor. This would
1:25:34
Speaker 1: have made it impossible for women in states that are
1:25:38
Speaker 1: banned abortion to get the drug UH. Alito, there was
1:25:43
Speaker 1: an emergency appeal. Alito had extended the It basically blocked
1:25:49
Speaker 1: the Fifth Socred Court's decision for a week. This is
1:25:54
Speaker 1: over a week ago, you blocked it for a week
1:25:57
Speaker 1: pending a broader called decision. The court now has made
1:26:03
Speaker 1: a decision and in a brief order, it basically blocked
1:26:08
Speaker 1: the Fifth Court's decision and it basically assigned the litigation
1:26:16
Speaker 1: back to the lower courts. The litigation will go ahead.
1:26:21
Speaker 1: That is, people are litigating against the FDA's approval for
1:26:25
Speaker 1: telemedicine for this drug that would be litigated in the
1:26:29
Speaker 1: lower courts. It will go back to the Fifth At
1:26:31
Speaker 1: some point it will then be challenged and it'll probably
1:26:34
Speaker 1: land up in the Supreme Court again, but at least
1:26:37
Speaker 1: for now, for now, the the for now it has
1:26:48
Speaker 1: approved that it continues to be used. We had two
1:26:53
Speaker 1: ju justices to judges dissent, which is not surprised. Clements
1:27:01
Speaker 1: Thomas and Aledo Alito called the majorities order remarkable and complained,
1:27:07
Speaker 1: complaining it was unreasoned. Yeah, they never write any kind
1:27:12
Speaker 1: of reasoned argument for these kind of emergency quick decisions.
1:27:16
Speaker 1: They wait until it comes properly to the court. Uh.
1:27:20
Speaker 1: But it just doesn't make any sense. I mean, it
1:27:22
Speaker 1: just shows how I mean, the Fifth Circuit Court decision
1:27:29
Speaker 1: made zero sense. The FDA has approved this for distribution,
1:27:32
Speaker 1: Why is the court challenging the FDA by what standard?
1:27:35
Speaker 1: Let us go through the court system. If there's a challenge,
1:27:38
Speaker 1: let it go through there and and let decisions be made.
1:27:41
Speaker 1: But what is the emergency that the Fifth Court has
1:27:45
Speaker 1: to ban the distribution of the drug when the FDA
1:27:48
Speaker 1: is clearly said, this is this is fine, this is
1:27:52
Speaker 1: not a problem. Since when is the High Court a
1:27:55
Speaker 1: medical expert in these things? Anyway? He way, that is
1:28:01
Speaker 1: the news for this fight a May fifteenth. Thank you
1:28:05
Speaker 1: everybody for being here. Thank you all. The super chat
1:28:07
Speaker 1: has lots of super chat ooh and we got a
1:28:09
Speaker 1: bunch of of kind of just in the last few
1:28:14
Speaker 1: minutes of stickers lost in logic. Thank you for the sticker. Linda,
1:28:19
Speaker 1: thank you, Jeremy, Thank you, John, Thank you, Greg, thank you.
1:28:25
Speaker 1: Let's see we had I know we had, Yes, we
1:28:29
Speaker 1: had selfie subscriber fifty bucks, thank you self subscriber and
1:28:33
Speaker 1: NYK I think I think in y you already and Roland,
1:28:38
Speaker 1: thank you guys for the sticky YouTube. Can continue, can
1:28:41
Speaker 1: still do a sticker, so feel free to jump in
1:28:44
Speaker 1: with the stickers. As I answer questions here and as
1:28:49
Speaker 1: I tell you about our sponsors, I want to remind
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Speaker 1: Capitalism dot com. Defenders of Capitalism dot com. Check it out.
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Speaker 1: I worked with Michael on Defenders of Capitalism and we
1:32:17
Speaker 1: intend to work I talk to him today. We intend
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Speaker 1: to work more on the program. UH. This is a political, social,
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1:32:32
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Speaker 1: you want seminar. Right, So, so check it out, sign
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Speaker 1: up for it and UH and sign up for the
1:32:50
Speaker 1: newsletter get information. And by the way, if you involved
1:32:53
Speaker 1: in a company or an organization that would like to
1:32:55
Speaker 1: have somebody come in and speak about capitalism, let Michael
1:32:59
Speaker 1: know would love to come, come by and educate people
1:33:04
Speaker 1: about what capitalism really means. And finally, Alex Epstein. Alex
1:33:08
Speaker 1: Epstein is the number one world authority on everything related
1:33:12
Speaker 1: to energy, electricity AI, you know, power needs and h
1:33:19
Speaker 1: right now, he is hugely focused on deregulating the permitting
1:33:24
Speaker 1: process at the federal and at the state level so
1:33:27
Speaker 1: that we can go out there and mine and build
1:33:29
Speaker 1: and drill and build and and and you don't mine
1:33:34
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1:33:38
Speaker 1: high tech industrial society that this country is building. So yes,
1:33:45
Speaker 1: if you care about American prosperity, check out Alex Epstein
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1:35:12
Speaker 1: turn now to our super chat as Michael again dominates
1:35:16
Speaker 1: the super chat. We'll start with Michael's hundred dollars question,
1:35:20
Speaker 1: and then we'll go to some fifties and then to twenties,
1:35:24
Speaker 1: and then we'll get to you some of the under
1:35:26
Speaker 1: twenty questions as well. It's not too late to ask
1:35:28
Speaker 1: a question, so feel fee to jump in and ask.
1:35:32
Speaker 1: We're two hundred dollars short of our third out three
1:35:35
Speaker 1: hour goal. Again, there's a good chance were making into
1:35:38
Speaker 1: our third hour, so that goal is not crazy. So
1:35:41
Speaker 1: please consider supporting the show. Yesterday was it was a
1:35:45
Speaker 1: really good fundraising day for super Chat. Let's make it
1:35:49
Speaker 1: tw in a row, make up for all those days
1:35:52
Speaker 1: I didn't do shows sadly and and and get may
1:35:57
Speaker 1: back in line with my with monthly goals that we
1:36:02
Speaker 1: have to that we have to make Michael for one
1:36:05
Speaker 1: hundred dollars. I'm not sure nihilism and narcissism are reactions
1:36:09
Speaker 1: to altruism. Without a positive moral code being presented, It's
1:36:15
Speaker 1: easy to slip into a into a resentful, nihilistic mindset
1:36:21
Speaker 1: when I was a when I was cynical and nihilistic.
1:36:25
Speaker 1: It had nothing to do with the attempted attempting to
1:36:28
Speaker 1: reject altruism. Well, I mean, I'm not sure that is true, right, So,
1:36:40
Speaker 1: and I think, you know, I don't want to get
1:36:43
Speaker 1: into I'm not in your head, so I don't know
1:36:45
Speaker 1: what was going on in your head. But really, I
1:36:46
Speaker 1: mean you should really introspect, Michael and think about this.
1:36:50
Speaker 1: From when you're very young, you're presented with the with
1:36:55
Speaker 1: the story that to value is to value others. To
1:37:04
Speaker 1: be a good person is to deny yourself. It's to
1:37:09
Speaker 1: deny what you really desire. What you really want, which
1:37:14
Speaker 1: is really good for you. You mean taught since you're
1:37:21
Speaker 1: very little that values are determined by others. The standard
1:37:28
Speaker 1: is other people. The standard is their well being, their happiness.
1:37:32
Speaker 1: Their value is not yours. Now what kind of psychologies
1:37:38
Speaker 1: does that inculcate in many people? Some people take that
1:37:41
Speaker 1: seriously and they run with it, And the ones who
1:37:44
Speaker 1: take it seriously become real advocates of altruism. The ones
1:37:48
Speaker 1: who take it not so seriously are kind of mixtures,
1:37:51
Speaker 1: and they know altruism is the right thing, but they
1:37:53
Speaker 1: don't really want to do it, so they feel guilty
1:37:55
Speaker 1: about it, but they you know, they wobble here and there.
1:37:59
Speaker 1: But then there's a group of people who become really
1:38:02
Speaker 1: really cynical because they know they don't want the altruistic values.
1:38:08
Speaker 1: They don't believe in those altruistic values. And even though
1:38:11
Speaker 1: they don't make this choice explicitly, they don't think it through,
1:38:17
Speaker 1: they have, through their childhood make choices that basically indicate
1:38:21
Speaker 1: that they have made choices to reject the idea of altruism,
1:38:26
Speaker 1: but they have nothing in its place. You're right, there's
1:38:28
Speaker 1: no alternative, But it's that rejection of altruism that leads
1:38:33
Speaker 1: them where it leads them to be cynical, because there's
1:38:38
Speaker 1: no way not to deal with altruism. You either embrace
1:38:44
Speaker 1: it or rejected. It's not like altruism that doesn't touch you.
1:38:50
Speaker 1: There's not a personal planet Earth today, at least in
1:38:53
Speaker 1: the Western world, that is not touched by altruism. That
1:38:57
Speaker 1: is not it was childhood is not viewed with altruism
1:39:03
Speaker 1: because their parents and their teachers, and their philosophy professors,
1:39:07
Speaker 1: and the books that they read and the you know,
1:39:10
Speaker 1: religion that they believe in is all altruistic. So a
1:39:16
Speaker 1: kid who might you know, not have any conception of
1:39:20
Speaker 1: an alternative, might easily, in rejecting altruism, slip into nihilism.
1:39:27
Speaker 1: Not only am not going to fight for your values,
1:39:30
Speaker 1: I'm not going to fight for any values. I don't
1:39:31
Speaker 1: believe in any values. There are no values. I'm a
1:39:34
Speaker 1: complete cynic. Not everybody goes that route coming out of altuism.
1:39:40
Speaker 1: Some it go the rout of No. I'm going to
1:39:44
Speaker 1: try to figure out values. I don't know what they
1:39:46
Speaker 1: are exactly, I don't know how to do it exactly.
1:39:48
Speaker 1: I don't buy I'm not going to sacrifice other people,
1:39:50
Speaker 1: but I don't know what I should do. I'm just
1:39:52
Speaker 1: gonna live somehow. I think that's most good people, that's
1:39:55
Speaker 1: how they do it, and even they are typically riddled
1:40:00
Speaker 1: with guilt. But nihilism and narcissism and there are consequences
1:40:07
Speaker 1: of an altruistic culture. And remember, part of our altruistic
1:40:12
Speaker 1: culture is a culture that does not present you an
1:40:14
Speaker 1: alternative to the altruism they preach. Indeed they preach at
1:40:19
Speaker 1: the alternative to altruism is what. The alternative to altruism
1:40:25
Speaker 1: is downright evil. To think about yourself, to pursue your
1:40:31
Speaker 1: own values is evil, and it necessitates being a line cheating, stealing,
1:40:38
Speaker 1: sob that's what it means to pursue your own values.
1:40:44
Speaker 1: So there's not much left for people who reject that,
1:40:48
Speaker 1: or reject an altruism. They either become complete cynical, narcissistic
1:40:53
Speaker 1: thugs we know some people like that, or they become
1:40:57
Speaker 1: nihilists or some combination of. I mean again, the better
1:41:02
Speaker 1: people kind of muddle through whoile pursuing their own values.
1:41:09
Speaker 1: But you know that is again it's all in the background.
1:41:14
Speaker 1: It's all a response to you can't do without ethics.
1:41:18
Speaker 1: You have to everything you do relates to ethics. Now again,
1:41:21
Speaker 1: it doesn't. It's not like you necessarily choose it explicitly.
1:41:27
Speaker 1: You might very well choose it subconsciously implicitly in childhood.
1:41:38
Speaker 1: All right, Remo, thank you, Michael Remo sixty dollars sixty uoh,
1:41:45
Speaker 1: thank you. Remo. Thoughts on Milton Friedman's famous essay The
1:41:50
Speaker 1: Methodology of Positive Economics, in which he implies that the
1:41:53
Speaker 1: realism of assumptions is less important than predictive power. Yeah,
1:41:58
Speaker 1: I mean I read this article, and this article what
1:42:05
Speaker 1: thirty thirty four years ago, thirty five years ago. I mean,
1:42:09
Speaker 1: it was an essential article to read in the PhD program.
1:42:13
Speaker 1: Everybody in economics and finance reads this article. And I
1:42:18
Speaker 1: was furious. I mean, I remember debating my professors because
1:42:22
Speaker 1: the professors all thought the Smelton Friedman, this is the
1:42:26
Speaker 1: truth is this is PAPA. This is the application of
1:42:30
Speaker 1: PAPA to the science of economics and the science of finance.
1:42:35
Speaker 1: And you know, I just thought it was absurd and ridiculous.
1:42:42
Speaker 1: I think it's wrong. I think it'smologically corrupt. It has
1:42:47
Speaker 1: led economics and finance down a very very very bad
1:42:53
Speaker 1: path of you come up with hypothesis and you test them,
1:42:58
Speaker 1: and that possis could be anything. They don't have to
1:42:59
Speaker 1: be connected to reality because nothing starts with reality. You
1:43:03
Speaker 1: start with hypothesis. This is the whole Paparian methodology. You
1:43:09
Speaker 1: start with an idea, random idea, and then you test it.
1:43:12
Speaker 1: And what happens is that economics and finance become become
1:43:18
Speaker 1: fields in which arbitrary random hypothesis. It can't constantly being
1:43:23
Speaker 1: tested and published about whether they have any connection to
1:43:26
Speaker 1: reality or not. And predictive power is very difficult to
1:43:29
Speaker 1: ascertain in a complex world with multi multiple variables going on.
1:43:37
Speaker 1: If your assumptions are false, the model will be false,
1:43:43
Speaker 1: and the assumptions are based on reality. That's what assumptions mean.
1:43:49
Speaker 1: You can't ignore reality and you can't ignore facts. The
1:43:55
Speaker 1: way you hypothesize correctly is you observe reality. You try
1:44:02
Speaker 1: to you observe phenomena, and then you try to understand
1:44:10
Speaker 1: that phenomena. You try to induce an explanation for that
1:44:14
Speaker 1: which then you test. But the beginning is not your imagination,
1:44:20
Speaker 1: The beginning is not inside your head. The beginning is
1:44:24
Speaker 1: always the facts of reality. The beginning is always out there,
1:44:31
Speaker 1: and the end is out there because the end is
1:44:33
Speaker 1: testing whatever explanation you have in the world out there,
1:44:39
Speaker 1: and as a consequence, the assumptions you make, which is
1:44:42
Speaker 1: the tie to reality a crucial And so economics and
1:44:49
Speaker 1: finance are filled with models, mathematical models that are false
1:44:53
Speaker 1: assumptions that you know, I have some predictive power in
1:44:57
Speaker 1: some narrow areas, but an enormous amount of time, an
1:45:03
Speaker 1: enormous amount of time is wasted on testing hypotheses with
1:45:11
Speaker 1: the assumptions are so detached from reality that we know
1:45:17
Speaker 1: in advance these models are not going to work. And
1:45:22
Speaker 1: even if they do quote work, they don't represent anything
1:45:26
Speaker 1: because they don't they don't connect to reality. So you know,
1:45:28
Speaker 1: you can find colorations in all kinds of ways. You
1:45:31
Speaker 1: can find things that will predict Oh you know what
1:45:35
Speaker 1: was it there used to be who won the Super Bowl?
1:45:39
Speaker 1: Predicted whether the tao is going to go up or down?
1:45:42
Speaker 1: Something like that? Right? Oll? Right? Does that give it
1:45:46
Speaker 1: predictive power? Is that a good model? Lots of relationships
1:45:50
Speaker 1: to arbitrary. Thank you remote for letting me vent on
1:45:56
Speaker 1: Milton Feedwe was terrible when he cames to pistemology, but
1:45:59
Speaker 1: that paparian everybody was influenced by call Papa when it
1:46:03
Speaker 1: comes to science. Michael, another fifty dollars, Thank you, Michael.
1:46:10
Speaker 1: Milton Friedman said, you must distinguish sharply between being pro
1:46:15
Speaker 1: free enterprise and being pro business, implying market competition contains
1:46:22
Speaker 1: the greed and selfishness of business. He's attempting to defend
1:46:26
Speaker 1: capitalism by appeasing altruists. Yes, and that was typical of Freedman.
1:46:32
Speaker 1: And this is why Einman was so critical of him.
1:46:34
Speaker 1: You would not challenge conventional morality. Indeed, he tried to
1:46:37
Speaker 1: appeal to conventional morality in trying to defend capitalism. Well,
1:46:42
Speaker 1: it's a contradiction. The reality is that you should be
1:46:47
Speaker 1: pro free enterprise, pro capitalism, pro free market, and pro business,
1:46:52
Speaker 1: not pro business in a sense of you know, this
1:46:58
Speaker 1: is because pro business they view pro business as pragmatic. Yeah,
1:47:02
Speaker 1: we should manipulate them ouk and bribe the politicians. But
1:47:05
Speaker 1: that's not pro business. No real businessman wants to lobby
1:47:09
Speaker 1: government and wants to manipulate the system. Real businessman wants
1:47:13
Speaker 1: to compete in a marketplace. Real business is a free business.
1:47:19
Speaker 1: Real business is an unregulated business. So to be pro
1:47:22
Speaker 1: business is to be pro market, is to be pro capitalism.
1:47:32
Speaker 1: So it's all the same thing, but they wanted to
1:47:35
Speaker 1: separate it out because they want to say, yeah, yeah, yeah,
1:47:38
Speaker 1: we don't want to be pro the greed a businessman.
1:47:40
Speaker 1: We don't want to be pro the self interest because
1:47:43
Speaker 1: self interest can lead them to do really, really bad
1:47:45
Speaker 1: things like cronyism. But if you really understand self interest,
1:47:51
Speaker 1: you understand the cronyism is not in your self interest,
1:47:54
Speaker 1: not where there's an option. Sometimes there's no option but
1:47:59
Speaker 1: to be a crony because the government forces you to
1:48:01
Speaker 1: do so. But where there's an option, Coneyism is not
1:48:06
Speaker 1: in a businessman self interest. It destroys their self esteem.
1:48:09
Speaker 1: It destroys the capacity to create, the build, to make,
1:48:12
Speaker 1: and to be worthy of it and to know that
1:48:15
Speaker 1: they're worthy of it. So it's it's a destroyer of
1:48:19
Speaker 1: self esteem, selfishness, selfish subscribe about fifty dollars, Thank you,
1:48:26
Speaker 1: thank you. All right. Have you heard Neil deGrasse Tyson
1:48:32
Speaker 1: advocate capitalism over socialism and or individualism over collectivism? I
1:48:36
Speaker 1: have not. I have not. Has he I mean? That
1:48:41
Speaker 1: is that? I mean it doesn't strike me as consistent
1:48:45
Speaker 1: with his pretty left wing politics, which is left doing
1:48:49
Speaker 1: politics typically is anti capitalist and anti individualism. But what
1:48:55
Speaker 1: am I missing? Selfish subscribers, let me know if I'm
1:48:59
Speaker 1: missing something of Neil de grasse Tyson. But I've not
1:49:02
Speaker 1: seen him defend capitalism or individualism. Michael, were at the
1:49:13
Speaker 1: twenty dollars questions, Now that you live in Puerto Rico,
1:49:16
Speaker 1: I've lived in Puerto Rico a long time. Now, what
1:49:18
Speaker 1: are your thoughts on the Dominican republican Costa Rica. Is
1:49:22
Speaker 1: there any way you would consider retiring outside the United States. Well,
1:49:27
Speaker 1: I'm not sure what that means, right, and live in
1:49:29
Speaker 1: Puerto Rico. Why would have thoughts on the Dominican Republican
1:49:31
Speaker 1: in Costa Rica. I don't live there. I've never visited
1:49:35
Speaker 1: the Dominican Republic. I've been to Costa Rico twice, once
1:49:38
Speaker 1: on vacation, once to give a talk. You know, Dominican
1:49:45
Speaker 1: Republic economically is doing quite well. It has deregulated, privatized,
1:49:51
Speaker 1: and really encouraged tourism industry, and it's doing It's one
1:49:55
Speaker 1: of the fastest growing economies in Latin America. So the
1:49:58
Speaker 1: Dominican Republic seems like a good place to be. Costa Rica, unfortunately,
1:50:03
Speaker 1: is going in the opposite direction, in a sense that
1:50:07
Speaker 1: crime has gone up significantly in Costa Rica over the
1:50:09
Speaker 1: last few years. I think there's still quite a few
1:50:13
Speaker 1: Americans who go there to retire. Low cost of living
1:50:16
Speaker 1: and a beautiful, great climate and a beautiful place. I
1:50:20
Speaker 1: would worry about crime right now in Costa Rica. A
1:50:23
Speaker 1: David from Costa Rico used to be regularly on the
1:50:26
Speaker 1: Superchat is now giving you know, in lump sum, not
1:50:33
Speaker 1: in the super Chat because you can't listen life. But
1:50:36
Speaker 1: David would be a good source of information about Costa Rica.
1:50:40
Speaker 1: But you know, I don't know. I mean, is there
1:50:43
Speaker 1: any way you would consider retiring outside of the United States.
1:50:46
Speaker 1: The problem with that is that you still have to
1:50:48
Speaker 1: pay taxes to the US. If your income during retirement
1:50:51
Speaker 1: is high enough, you pay taxes to the country you're
1:50:55
Speaker 1: living in, and then above a certain threshold to the
1:50:58
Speaker 1: United States as well. So there's no real benefit. Why
1:51:01
Speaker 1: would I Why would I live there? Other in Puerto
1:51:04
Speaker 1: Rico In that sense, I worry about health care, particularly
1:51:10
Speaker 1: as you get older, so I would I am not
1:51:13
Speaker 1: interested really in living anywhere but the United States as
1:51:18
Speaker 1: I get older, exactly, you know, I wouldn't live in Italy.
1:51:23
Speaker 1: I wouldn't live in Spain. I don't trust their healthcare systems. Now,
1:51:27
Speaker 1: I don't know, because it depends what happens between now
1:51:29
Speaker 1: in the next twenty years in the United States, maybe
1:51:31
Speaker 1: I'll change my mind, But as of now, I expect
1:51:35
Speaker 1: that my old age let's call that seventy five and above,
1:51:41
Speaker 1: will be in the United States because of the superior
1:51:45
Speaker 1: healthcare system. And I know I'm going to get a
1:51:49
Speaker 1: bunch of angry emails telling me that I don't know
1:51:52
Speaker 1: what am I talking about, and the healthcare system in
1:51:55
Speaker 1: the United States is horrible and terrible. Yeah, I'll take
1:51:59
Speaker 1: the United States healthcare system in spite of all its problems,
1:52:02
Speaker 1: over anyone in Europe any day, maybe with exception of Switzerland.
1:52:06
Speaker 1: But you know, I'm not even sure that Michael part
1:52:12
Speaker 1: one were the Nazis rebelling against egalitarianism like Maga Well,
1:52:17
Speaker 1: Trump is more what a down version of the nineteen
1:52:21
Speaker 1: thirties fascism. Were both Germany Germans than and Americans now
1:52:27
Speaker 1: rebelling against egalitarianism and the left people want hierarchys despite
1:52:32
Speaker 1: Altruism demanding the eradication of hierarchys. I mean, there's a
1:52:40
Speaker 1: sension which, yes, people both in Germany and today are
1:52:45
Speaker 1: rebelling against the egalitarianism and galraitarianism is something people hate.
1:52:53
Speaker 1: I don't believe hierarchys are the opposite of egalitarianism. I
1:52:59
Speaker 1: don't like talking about hierarchy's higherarchys a meaningless because there
1:53:05
Speaker 1: should be no political hierarchy. We again, equal before the law,
1:53:11
Speaker 1: equal in rights, and that's the only sense in which
1:53:14
Speaker 1: equality matters. And in everything else, you know, inequality reigns.
1:53:20
Speaker 1: But it's you know, but the higherarchys sound so rigid
1:53:23
Speaker 1: and sounds so inflexible, and yet higharchy's shift all around.
1:53:29
Speaker 1: Social mobility is very high in free countries. But people
1:53:33
Speaker 1: rebel against the left, against egalitarianism, they rebel against socialism.
1:53:44
Speaker 1: But it's not pure rebellion, right, The Nazis had an agenda.
1:53:50
Speaker 1: This is the big difference between fascism and the Nazis
1:53:54
Speaker 1: and Trump. Trump is not a nazis not a fascist,
1:53:58
Speaker 1: and he's not a Nazi, not a fascist because he
1:54:00
Speaker 1: doesn't believe in anything. They believed in something. Trump believes
1:54:06
Speaker 1: in nothing. So Trump, We've talked about this over and
1:54:11
Speaker 1: over again. Trump is just a thug. The system of
1:54:14
Speaker 1: FiOS boss. He doesn't believe in anything in his short
1:54:19
Speaker 1: term emotionalistic interests. That's it. The Germans bought into an ideology,
1:54:27
Speaker 1: not just an anti left ideology, but into an actual ideology,
1:54:32
Speaker 1: an ideology of Nazism, an ideology that believed in the state,
1:54:37
Speaker 1: believed in the race, the state and the race became everything,
1:54:40
Speaker 1: and believed in the sacrifice of an individual for the
1:54:43
Speaker 1: state and the race. Even MAGA is not an ideology.
1:54:49
Speaker 1: It's the worship of one man in the name of
1:54:51
Speaker 1: anti left. But this is why maga's they're not Nazis
1:54:55
Speaker 1: and they're not fascists. They're nothing. There are a cult,
1:55:02
Speaker 1: a tribal affiliation with one man. But they can be
1:55:09
Speaker 1: compared to the Nazis of the fascists because they don't
1:55:12
Speaker 1: have an ideology. Now gd Vans and the Integralists and
1:55:15
Speaker 1: the post liberals have an ideology. They're much more similar.
1:55:21
Speaker 1: They're not quite Nazis, there's something different, but they're much
1:55:23
Speaker 1: more similar than anything Trump or Maga is because Trump
1:55:29
Speaker 1: and Mega are zeros than nothings, and therefore the only
1:55:38
Speaker 1: identity they have in a sense is anti left. And
1:55:42
Speaker 1: there's so many people out there that the only identity
1:55:45
Speaker 1: they have is anti left. Now. One of the reasons
1:55:48
Speaker 1: the Nazis could be successful in Germany is that many
1:55:53
Speaker 1: people in Germany who are not Nazis were willing to
1:55:57
Speaker 1: support them in order to get the left, in order
1:56:02
Speaker 1: to go after the left. But it's not that the
1:56:06
Speaker 1: Nazis is just a rebelling against Egalagianism. That is just
1:56:10
Speaker 1: not the case. The Nazis are direct consequence of an
1:56:14
Speaker 1: ideological movement that has its roots in German romantic philosophy,
1:56:23
Speaker 1: and as a manifestation of that philosophy. It's not just
1:56:26
Speaker 1: an emotionalistic turn against the left. That's maga and that's
1:56:30
Speaker 1: maybe some of the people who supported the Nazis. But
1:56:32
Speaker 1: the Nazis themselves know they had a full fledged ideology.
1:56:36
Speaker 1: In America will not become fascist until there is a
1:56:42
Speaker 1: full fledged ideology of the right. Right does not yet
1:56:50
Speaker 1: have an ideology to rally around. It's the point of
1:56:53
Speaker 1: dim You need an m two. You need something to
1:56:57
Speaker 1: integrate misintegrate. You need an ideology of something, an ideology
1:57:02
Speaker 1: of the state and ideology of religion, ideology of something
1:57:08
Speaker 1: that can unite people around a leader. We don't have
1:57:13
Speaker 1: that today. We have hatred of the left and some
1:57:17
Speaker 1: kind of emotionalistic aduation of Donald Trump. So it's very different,
1:57:26
Speaker 1: very very different. It might be more similar in the future,
1:57:31
Speaker 1: but right now it's very different. Exit whoops. People used
1:57:41
Speaker 1: to think Japan would overtake the United States economically. What
1:57:43
Speaker 1: caused its long stagnation? Well, I mean that's a complicated story,
1:57:48
Speaker 1: but basically a bad monetary policy that first caused this
1:57:53
Speaker 1: massive bubble, this mass of overinflation malinvestment in the Japanese economy, uh,
1:58:00
Speaker 1: and then it collapsed. And then because of the Japanese
1:58:04
Speaker 1: economies massive regulations and inflexibility, inability to adapt and and
1:58:13
Speaker 1: and and in a sense get rid of the malinvestment
1:58:17
Speaker 1: and reinvest in what Japan was good at the inability
1:58:21
Speaker 1: to be flexible UH caused that stagnation after the big
1:58:26
Speaker 1: collapse because of the Japanese central bank mismanagement of of
1:58:31
Speaker 1: its of of its money. So you got to bubble,
1:58:34
Speaker 1: the burst, and then no fix to that burst and
1:58:40
Speaker 1: the fix there was no monetary fix, but more importantly,
1:58:44
Speaker 1: there was no fix in the in the real economy,
1:58:48
Speaker 1: that is, there was no fix when it comes to regulation.
1:58:51
Speaker 1: American economy, its strength relative strength in the world out
1:58:56
Speaker 1: there is its flexibility. We still hire and fire people.
1:58:59
Speaker 1: We still have company going bankrupt constantly. One of the
1:59:02
Speaker 1: problems in the Japanese economy in the nineteen nineties was
1:59:06
Speaker 1: the inability of companies to go bankrupt. Bankruptcy is crucial
1:59:10
Speaker 1: to economic health. You need to recycle, you need to
1:59:15
Speaker 1: get rid of bad companies, you need to reallocate, redeploy capital.
1:59:19
Speaker 1: And that did not happen in Japan. Shasbad. I'm sure,
1:59:26
Speaker 1: sir Hoo, I'm sure, Sir Humphrey Applebee has a plan
1:59:31
Speaker 1: to solve the UK debt crisis. Humphy is the minister
1:59:36
Speaker 1: from the TV series one of the funniest TV series
1:59:39
Speaker 1: ever made, certainly the funniest TV series ever made about politics,
1:59:42
Speaker 1: which is Yes Minister. So check out Yes Minister if
1:59:45
Speaker 1: you can find it online, probably BBC has it. It's
1:59:49
Speaker 1: one of the funniest things ever, one of the most
1:59:51
Speaker 1: insightful things ever. Jennifer says, So, since Europe is less religious,
1:59:57
Speaker 1: they write can be better than ours. Unfortunately no, because
2:00:02
Speaker 1: unfortunately their right becomes and is right now xenophobic and nationalistic.
2:00:14
Speaker 1: So now it has more reason to be anti immigration
2:00:18
Speaker 1: than we do because they're immigrants. They have so many
2:00:21
Speaker 1: Muslim immigrants. But still they focus is not on capitalism,
2:00:26
Speaker 1: not of freedom. They focus as on nationalism and on
2:00:32
Speaker 1: stopping immigration. And a lot of the right wants to
2:00:37
Speaker 1: reverse the EU, the positive elements in the EU because
2:00:42
Speaker 1: of the nationalism. So no, there's no good right in
2:00:47
Speaker 1: the world out there right now. Again with the exception
2:00:50
Speaker 1: of me Lay in Argentina, there's just no good right.
2:00:53
Speaker 1: And I'm not sure Melaye in Argentina seems to have
2:00:55
Speaker 1: hit a big wall, a bit of a big wal.
2:00:57
Speaker 1: It doesn't seem like I'm hearing much good coming out
2:01:00
Speaker 1: of Argentina these days. And the stock market has been
2:01:02
Speaker 1: stagnating most of this year. So I'm a little worried
2:01:06
Speaker 1: about what's going on Argentina. But we'll see, we'll see.
2:01:12
Speaker 1: All right, we are down to the five and ten
2:01:15
Speaker 1: dollars questions, so we've got a few questions left, but
2:01:18
Speaker 1: you can jump in with questions. Of course. Stickers are
2:01:21
Speaker 1: great right now towards the end of the show, and
2:01:24
Speaker 1: to try to get us closer to our third hour goal.
2:01:29
Speaker 1: All right, it's this is Michael. It seems like anti
2:01:32
Speaker 1: semitism for the first time in America in history has
2:01:35
Speaker 1: a place in politics. It always had a place in politics,
2:01:38
Speaker 1: not always, but certainly up until World War Two, was
2:01:41
Speaker 1: huge in politics. Right, There was anti semitism in FDR's cabinet.
2:01:49
Speaker 1: There was you know, Wilson was known racist and anti semite.
2:01:54
Speaker 1: The immigration laws from twenty one to twenty four the
2:01:57
Speaker 1: basically blocked immigration from primarily Eastern Europe. Who was motivated
2:02:02
Speaker 1: to lux stand by anti semitism. One of the reasons
2:02:06
Speaker 1: I'm not as friendly towards Coolly as many of you
2:02:10
Speaker 1: might be is because those immigration laws were passed by him.
2:02:16
Speaker 1: He also passed teraflaw as the Waffle. But so yeah,
2:02:23
Speaker 1: anti Semitism has been a part of American politics since
2:02:27
Speaker 1: the late nineteenth century. Sadly, Michael thoughts on Rand Paul's
2:02:33
Speaker 1: son's ridiculous antisemitic grant to president to Congressman Mike Laola. Yeah,
2:02:40
Speaker 1: I mean it was horrible. This is William Paul n
2:02:44
Speaker 1: Rand Paul's son, Ron Paul's grandson. Ron Paul is you know,
2:02:51
Speaker 1: has made his antisemitic comments in the past. So it
2:02:54
Speaker 1: doesn't shock me that his grandson, who comes from a
2:02:58
Speaker 1: kind of a libertarian, kind of a paleo libertarian background
2:03:05
Speaker 1: might have anti Semitic thoughts, But yeah, Ran Paul's son
2:03:09
Speaker 1: claimed he was just drunk, and he apologized for the statements.
2:03:15
Speaker 1: But yeah, he blamed all the America's problems on the
2:03:18
Speaker 1: Jews and the Jews, or what's causing the opposition to
2:03:22
Speaker 1: his father and the Jews, or what's causing Massy not
2:03:26
Speaker 1: to be elected? And the Jews did this, and the
2:03:28
Speaker 1: Jews did that, And he went after Mike Lawless if
2:03:31
Speaker 1: he was a Jew, but he's not, and accused him
2:03:34
Speaker 1: of all kinds of stuff and his people of all
2:03:37
Speaker 1: kinds of stuff. So it was really horrible. Was in
2:03:39
Speaker 1: a public bar in Washington, DC, so everybody heard it,
2:03:43
Speaker 1: so he couldn't deny it. He did apologize and blame
2:03:47
Speaker 1: the alcohol. It's convenient when you say stuff when you're
2:03:50
Speaker 1: drunk and you just say, oh, I was just drunk.
2:03:52
Speaker 1: I don't really believe that stuff kh does. She remarks
2:03:57
Speaker 1: suggest he is out of touch with China capabilities, China
2:04:01
Speaker 1: maybe over estimating their strength at this common moment. Yes,
2:04:06
Speaker 1: I think he's definitely. He's a central planner who believes
2:04:09
Speaker 1: in his plans, and he is, without any question detached
2:04:16
Speaker 1: from some kind of reality of China's actual situation. I
2:04:20
Speaker 1: think China is weaker than he estimates militarily and weaker
2:04:23
Speaker 1: than he estimates economically, and it will not play out well,
2:04:28
Speaker 1: I think ultimately for the Chinese. Linda, if you do
2:04:33
Speaker 1: the math, China's claim of their population number makes no sense.
2:04:39
Speaker 1: Haven't done the mass. I don't know. Thanks, Linda, Paul interesting,
2:04:44
Speaker 1: interested in any thoughts on the present crunch and computer memory.
2:04:49
Speaker 1: A solid state drive I bought in the fall for
2:04:54
Speaker 1: one hundred and ten dollars is now three hundred and
2:04:57
Speaker 1: thirty eight, for example. I'm not sure what's that. I mean,
2:05:01
Speaker 1: I don't know if it's the helium shortage that might
2:05:04
Speaker 1: be driving it. I don't know. If it's increased demand
2:05:09
Speaker 1: for computer memory caused by the AI boom. Probably that
2:05:14
Speaker 1: makes more sense that it's the AI boom that is
2:05:17
Speaker 1: causing that. So no, I haven't I'll look into it,
2:05:20
Speaker 1: but I don't know about it. But it could be
2:05:23
Speaker 1: the EYE boom. It's just increased demand and supply isn't
2:05:26
Speaker 1: caught up yet, Neil. Lots of American scientists are disappearing lately.
2:05:32
Speaker 1: Any news on that. I think the story is a
2:05:36
Speaker 1: bs the disappearing of scientists. People have looked into it.
2:05:40
Speaker 1: There's nothing there. It's not really happening. People are taking unrelated,
2:05:46
Speaker 1: unrelated events and trying to find a conspiracy theory, and
2:05:50
Speaker 1: there's nothing there. There really is nothing there. Wesley Hanania
2:05:59
Speaker 1: wrote an article about correlation between democracy and high crime
2:06:02
Speaker 1: in poor countries because of too many rights for criminals. Thoughts,
2:06:07
Speaker 1: I mean, there's no I mean, I don't think it's
2:06:10
Speaker 1: phrasing it rights the criminals is right, but yes, I
2:06:12
Speaker 1: mean two lenients on criminals. There's there's no question that democracies,
2:06:17
Speaker 1: particularly as they approach pure democracies, tend to be more
2:06:21
Speaker 1: lenient on criminals. And leniency and criminals increases crime. You know,
2:06:26
Speaker 1: there's a reason why we're tough on criminals, tough on criminals,
2:06:30
Speaker 1: and I think we should be very tough on criminals,
2:06:32
Speaker 1: particularly I mean, I mean violent crime, I don't mean
2:06:35
Speaker 1: and property crime. I think we should be very tough
2:06:39
Speaker 1: on those criminals. I think we should, you know, we
2:06:41
Speaker 1: should send them to long sentences, and we should the
2:06:46
Speaker 1: prison term should not be as pleasant as they seem
2:06:49
Speaker 1: to be these days. I heard in California, everybody gets
2:06:53
Speaker 1: a iPad and internet connection, so you can anyway. And
2:06:59
Speaker 1: they used for watching porn primarily. That's not how That's
2:07:05
Speaker 1: not what we should do with criminals, right, They should
2:07:08
Speaker 1: suffer the consequence of their actions. I mean, not treating
2:07:12
Speaker 1: them horribly, but they shouldn't be treated well either, somewhere
2:07:15
Speaker 1: in between. So yes, I don't doubt there's a high
2:07:19
Speaker 1: correlation between being lenient on crime and high crime rates.
2:07:27
Speaker 1: We should be tough, all right, guys, don't forget. There
2:07:34
Speaker 1: will be a show tomorrow probably three pm East Coast
2:07:37
Speaker 1: time as well, or maybe two PM's Coast time, something
2:07:39
Speaker 1: around there, two or three pm East Coast time. And
2:07:42
Speaker 1: then Sunday you're on a NICO show at three pm,
2:07:47
Speaker 1: so a full weekend. And yeah, think of questions. We
2:07:53
Speaker 1: can't rely just on Michael to ask a majority of
2:07:56
Speaker 1: the questions every show, so year around some questions before
2:08:01
Speaker 1: the shows. That would be great. Thank you. We did
2:08:04
Speaker 1: great on the super chat. Really appreciate the support. Thank
2:08:07
Speaker 1: you primarily to Michael and to Remo and to self subscriber.
2:08:12
Speaker 1: Those are the three big contributors today. And thank you
2:08:17
Speaker 1: to all the super chatters and the stick of people.
2:08:20
Speaker 1: And I will see you guys, tomorrow Bye everybody,