Latest / Breaking Points with Krystal and Saagar / 5/13/26: Trump Says He Doesn't Care About Americans Finances, Male Employment Craters, Israel Most Hated Country On Earth In New Poll

Transcript

5/13/26: Trump Says He Doesn't Care About Americans Finances, Male Employment Craters, Israel Most Hated Country On Earth In New Poll · Breaking Points with Krystal and Saagar

• 0:00
  Speaker 1: Hey guys, Saga and Crystal here.
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  Speaker 3: dot com. Good morning, everybody, Happy Wednesday. I have an
• 0:35
  Speaker 3: amazing show for everybody today. What are we a Crystal,
• 0:38
  Speaker 3: Indeed we do.
• 0:39
  Speaker 2: The Iran war is spiking inflation significantly, causing most people
• 0:43
  Speaker 2: to take a pay cut because their wages are not
• 0:45
  Speaker 2: keeping up with that inflation. Men are increasingly losing out
• 0:48
  Speaker 2: in Trump's economy. Some very interesting statistics here that are
• 0:51
  Speaker 2: very much at odds with some of the promises of
• 0:53
  Speaker 2: the Trump campaign. Israel is, now, according to polling. According
• 0:57
  Speaker 2: to Global Polling, the most hated country on the plant.
• 1:00
  Speaker 2: It By the way, we are not far behind, so
• 1:01
  Speaker 2: we'll dig into that as well as a very interesting
• 1:04
  Speaker 2: Eurovision scandal. The rigging complaints were apparently valid New York
• 1:09
  Speaker 2: Times at a whole investigations.
• 1:11
  Speaker 4: We'll look at that.
• 1:12
  Speaker 2: A new poll has AOC leading deem twenty twenty eight
• 1:15
  Speaker 2: potential contenders. Trump is heading to China and mix the
• 1:19
  Speaker 2: Iran war defeat. We're going to have a reporter in
• 1:21
  Speaker 2: studio to talk about what is expected to come out
• 1:24
  Speaker 2: of their very significant meeting, and Robert Pape is going
• 1:27
  Speaker 2: to join us to talk about how pressure continues to
• 1:30
  Speaker 2: build with regards to the Iran war and what we
• 1:33
  Speaker 2: can all expect next.
• 1:34
  Speaker 1: Yes, that's right.
• 1:34
  Speaker 3: Thank you everybody who's been subscribing Breakingpoints dot com.
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  Speaker 3: episode with a friend. It really helps other people find
• 1:47
  Speaker 3: the show. But as Crystal said, let's go ahead and
• 1:50
  Speaker 3: start with inflation. Some horrible inflation numbers that came out
• 1:54
  Speaker 3: yesterday that were backstopped even more by some I mean,
• 1:58
  Speaker 3: can we call them shocking comments? I don't know, but
• 2:00
  Speaker 3: you'll certainly be hearing many of them in the midterm
• 2:03
  Speaker 3: election cycle. Here is Donald Trump saying, I don't think
• 2:06
  Speaker 3: about Americans financial stability.
• 2:08
  Speaker 1: Let's take a listen. I'm already relocating with Iran as
• 2:11
  Speaker 1: the president.
• 2:12
  Speaker 2: One extent are American financial thing maintence motivating.
• 2:15
  Speaker 4: You to make a meal, not even a little bit.
• 2:18
  Speaker 3: The only thing that matters when I'm talking about Iran
• 2:21
  Speaker 3: they can't have.
• 2:22
  Speaker 4: A nuclear weapon.
• 2:23
  Speaker 3: I don't think about American financial situation.
• 2:27
  Speaker 4: I don't think about anybody.
• 2:28
  Speaker 1: I think about one thing. We could not let Iran
• 2:31
  Speaker 1: have a nuclear weapon. That's all.
• 2:34
  Speaker 3: That's the only thing about That's the only thing that matters,
• 2:38
  Speaker 3: not even a little bit.
• 2:39
  Speaker 1: I don't think about Americans financial situation.
• 2:42
  Speaker 3: Okay, well, let's check in with American's financial situation.
• 2:46
  Speaker 1: Let's put this up here on the screen. The Wall
• 2:48
  Speaker 1: Street Journal.
• 2:49
  Speaker 3: Inflation has soared to three point eight percent in April,
• 2:52
  Speaker 3: driven by gasoline prices. Investors started the year were pricing
• 2:56
  Speaker 3: in federal reserve cuts.
• 2:57
  Speaker 1: Those are all but off the table.
• 3:00
  Speaker 3: And so not only are you paying higher price for gas,
• 3:03
  Speaker 3: you are also going to be having a higher mortgage.
• 3:06
  Speaker 3: If you're trying to buy a home, you're going to
• 3:08
  Speaker 3: have higher food. You've got fuel oil, airfare prices that
• 3:13
  Speaker 3: are up by twenty one percent. Apparently in the car community,
• 3:18
  Speaker 3: it's going viral that they expect a shortage of motor oil.
• 3:22
  Speaker 3: So PSA, if you need your oil changed and your
• 3:25
  Speaker 3: car should go and get that done relatively soon. In
• 3:27
  Speaker 3: a few months, there may not be any motor oil
• 3:29
  Speaker 3: apparently on the shelves. Literally, they were warning that Walmart
• 3:33
  Speaker 3: and some of the other big buy at costco I believe,
• 3:36
  Speaker 3: may not even have it on their shelves in a
• 3:38
  Speaker 3: few months. So we not only have outright shortages that
• 3:40
  Speaker 3: are looming, but the highest inflation reading in over three years.
• 3:44
  Speaker 3: Inflation obviously was the crippling thing for Joe Biden's presidency
• 3:48
  Speaker 3: as he also became obsessed with these foreign policy misadventures
• 3:52
  Speaker 3: or bad policy abroad. And so it's literally like a
• 3:55
  Speaker 3: repeat television story, except somehow even worse because this one
• 3:59
  Speaker 3: was created crystal just to get away from the previous one. Shocking,
• 4:04
  Speaker 3: I guess, you know, in the retrospect, but if you've
• 4:07
  Speaker 3: been paying attention for a year or so, not all
• 4:09
  Speaker 3: that surprising.
• 4:10
  Speaker 2: Yeah, and the Iran war is the most approximate cause
• 4:13
  Speaker 2: obviously of the spike in inflation, and you can see
• 4:15
  Speaker 2: that in the particular categories that have gone up, but
• 4:19
  Speaker 2: tariffs continue to be a factor there as well. So
• 4:22
  Speaker 2: this is entirely of Trump's making, which people know, and
• 4:25
  Speaker 2: we're going to do a segment later on some polling
• 4:27
  Speaker 2: that indicates they're very unhappy with this direction for the country.
• 4:31
  Speaker 2: But just to go back to those comments and pause
• 4:33
  Speaker 2: on them for a moment, I mean, can you imagine
• 4:36
  Speaker 2: what would be said if Joe Biden had said I
• 4:39
  Speaker 2: don't think about their financial condition at all, If Barack
• 4:41
  Speaker 2: Obama had said I don't think about their financial condition
• 4:44
  Speaker 2: at all, is truly unimaginable. This is one of those
• 4:47
  Speaker 2: comments right up there with Trump saying we can't have healthcare,
• 4:51
  Speaker 2: we can't have medicare for you know, we can't have Medicare,
• 4:54
  Speaker 2: we can't have social Security, we can't have childcare because
• 4:56
  Speaker 2: we have to.
• 4:57
  Speaker 4: Fight these wars.
• 4:58
  Speaker 2: It's right up there with him just coming out and
• 5:00
  Speaker 2: saying the quiet part out loud, Yeah, I don't give
• 5:03
  Speaker 2: a shit about you and how much you're struggling to
• 5:05
  Speaker 2: fiddle at the gas tank. I don't give a shit
• 5:07
  Speaker 2: about the fact that the numbers don't add up at
• 5:10
  Speaker 2: the end of the month. I don't give a shit
• 5:11
  Speaker 2: about the fact that now you're taking a net pay
• 5:14
  Speaker 2: cut because inflation is higher than wage gains. I'm not
• 5:18
  Speaker 2: focused on you at all. It doesn't factor into my
• 5:20
  Speaker 2: thinking whatsoever. For him to just say that outright is incredible.
• 5:26
  Speaker 2: And I have to say soger too, like a different
• 5:29
  Speaker 2: iteration of Trump would not have said this. No, I
• 5:32
  Speaker 2: do think that it is a sign of his decline.
• 5:35
  Speaker 2: His you know, he's an old man and he's not
• 5:38
  Speaker 2: on it the way he was, and he doesn't have
• 5:40
  Speaker 2: whatever level of verbal restraint and filter may have once
• 5:44
  Speaker 2: briefly somewhat partially existed, is completely gone. And so now
• 5:48
  Speaker 2: he will just say things like, yeah, American's financial condition.
• 5:51
  Speaker 4: I don't care. I don't think about it whatsoever.
• 5:54
  Speaker 3: It is a good point. I mean, it's not just
• 5:56
  Speaker 3: about losing step. And you know, I'm going to save
• 5:58
  Speaker 3: some of this for the China thing, but it is
• 5:59
  Speaker 3: very important. Donald Trump is on a plane actually literally
• 6:01
  Speaker 3: just landed as you and I are talking in Beijing.
• 6:03
  Speaker 3: Aboard are the world's richest and most powerful oligarchs in
• 6:07
  Speaker 3: the United States. This was put out a true social
• 6:11
  Speaker 3: post as well, where Trump says, I want to open
• 6:14
  Speaker 3: up China. This is the person who ran in twenty
• 6:17
  Speaker 3: sixteen against the neoliberal order and for saying that we
• 6:20
  Speaker 3: made such a great mistake with PNTR permanent normal trade
• 6:24
  Speaker 3: relations with China. Back in the nineteen nineties, he blasted
• 6:27
  Speaker 3: Hillary Clinton others NAFTA. Remember the giant sucking sound that
• 6:30
  Speaker 3: they continued to play over and over again to swing
• 6:33
  Speaker 3: many of these ross belt type voters. Now he's actually
• 6:37
  Speaker 3: recreating the policy on steroids. I mean, it's crazy to
• 6:40
  Speaker 3: have Nvidia and Elon and the news of nearly one
• 6:43
  Speaker 3: trillion dollar potential package investment.
• 6:46
  Speaker 1: You're like, wow, so what are we even doing here?
• 6:48
  Speaker 3: And you could couple that with his comments here, Like
• 6:51
  Speaker 3: you said, on a political level, this is just not
• 6:53
  Speaker 3: something that any American president would ever say. Including Look,
• 6:58
  Speaker 3: you could deny or you can say, oh, always knew
• 7:00
  Speaker 3: this about Trump. Maybe on a policy level, how can
• 7:02
  Speaker 3: you deny that he wasn't an effective politician got himself
• 7:05
  Speaker 3: elected to the White House twice.
• 7:06
  Speaker 1: This is just not in the same realm. Is it
• 7:08
  Speaker 1: cognitive decline?
• 7:09
  Speaker 3: Is it just a sign that he really doesn't care anymore,
• 7:12
  Speaker 3: you know megalomania. I actually think it's the latter, maybe
• 7:15
  Speaker 3: combined with the former. That's what characterizes all of these
• 7:18
  Speaker 3: presents same. Remember Joe Biden and his obsession with NATO
• 7:22
  Speaker 3: and with leaving like these legacies and these yeah ins on.
• 7:25
  Speaker 1: The globe parallel. It's really important.
• 7:28
  Speaker 3: You know. We talked about us about with Emily yesterday,
• 7:30
  Speaker 3: is that when they get really old, what they become
• 7:33
  Speaker 3: obsessed with is changing the globe in their image. And
• 7:36
  Speaker 3: Trump especially wants to put his name, his face on
• 7:39
  Speaker 3: one hundred dollars bill. He wants to put his face
• 7:41
  Speaker 3: on Mount rushmore like change the reflecting pool, changed the
• 7:45
  Speaker 3: White House.
• 7:45
  Speaker 1: This is about leaving a mark.
• 7:47
  Speaker 3: As you depart this earth, except those of us actually
• 7:50
  Speaker 3: have to keep living here for a while. And what's
• 7:52
  Speaker 3: happening on this earth, especially this part of the globe
• 7:55
  Speaker 3: for us. Let's put this up here on the screen. Heatherlong,
• 7:58
  Speaker 3: she's a phenomenal reporter over at the Washington Post. She
• 8:01
  Speaker 3: always does the best job on inflation. So she points
• 8:04
  Speaker 3: out here inflation is now eating up all wage gains
• 8:07
  Speaker 3: for the first time in three years, a painful for
• 8:10
  Speaker 3: Americans and a true financial squeeze. So the CPI inflation
• 8:13
  Speaker 3: in the past year was three point eight percent. Wage
• 8:16
  Speaker 3: gains in the past year were three point six If
• 8:18
  Speaker 3: you combine that not only with the wage data, but
• 8:21
  Speaker 3: you take in mind some of the gas prices which
• 8:23
  Speaker 3: have already eaten up the vast majority of the tax
• 8:26
  Speaker 3: refund which anybody may have gotten as a result.
• 8:29
  Speaker 1: Of the big beautiful bill, you can really.
• 8:31
  Speaker 3: Consider like you are watching a material, you know, a
• 8:35
  Speaker 3: material being becoming poorer in the United States over the
• 8:40
  Speaker 3: last three years.
• 8:40
  Speaker 1: This is not like punitry.
• 8:42
  Speaker 3: This is an empirical fact, and when we go to
• 8:44
  Speaker 3: a four, this isn't Another important part is that Americans
• 8:48
  Speaker 3: are now actually trying to work more hours to keep
• 8:52
  Speaker 3: up as gas and food prices rise. Even so, these
• 8:55
  Speaker 3: real average weekly earnings decreased in April because inflation ate
• 9:00
  Speaker 3: all the wage gains and even the.
• 9:02
  Speaker 1: Extra hours worked.
• 9:04
  Speaker 3: So it's not completely gone yet in terms of the outpacing,
• 9:08
  Speaker 3: but you are seeing that marginal you know, basically like
• 9:11
  Speaker 3: making more hours for less pay, and what you're watching
• 9:15
  Speaker 3: in net effect again is making people not only much
• 9:19
  Speaker 3: more poor, but when you compound that with you know,
• 9:22
  Speaker 3: we had an interesting discussion with Derek Thompson yesterday about
• 9:25
  Speaker 3: the Terrible twenties, basically about the twenty twenties, how even
• 9:29
  Speaker 3: though people have gotten richer on paper at least in
• 9:32
  Speaker 3: the aggregate, that it has been an emiserating, you know,
• 9:36
  Speaker 3: basically last seven years, twenty nineteen and onward. What we're
• 9:40
  Speaker 3: watching here, I think is more of that effect. And
• 9:43
  Speaker 3: seven years, six years, I guess, is a long time,
• 9:46
  Speaker 3: actually if you consider March twenty twenty on forward, for
• 9:49
  Speaker 3: not only the lockdowns, but just of the sheer economic
• 9:52
  Speaker 3: turmoil that I think that people find themselves in. And
• 9:55
  Speaker 3: there really is nothing probably more. I don't think there's
• 9:58
  Speaker 3: nothing more dispiriting than being either in the same place
• 10:01
  Speaker 3: or backwards than where you were six years before, and
• 10:04
  Speaker 3: then still having to work more hours just to be
• 10:08
  Speaker 3: able to afford not only maybe even the same things
• 10:11
  Speaker 3: at that time, but even the bare minimum or the
• 10:14
  Speaker 3: stuff that you've already scaled back from food and from
• 10:16
  Speaker 3: gas and from everything else. It's just it's a bad,
• 10:20
  Speaker 3: bad situation. And the worst part is is we know
• 10:23
  Speaker 3: this is self inflicted entirely by Trump. You know, I
• 10:26
  Speaker 3: never thought I would say I'll give Joe Biden a break,
• 10:28
  Speaker 3: but he didn't invade Ukraine. You know, he also did
• 10:31
  Speaker 3: not tell Hamas to go and to do October seventh.
• 10:35
  Speaker 1: He had to deal with that. He did both. He
• 10:36
  Speaker 1: dealt with both terribly.
• 10:38
  Speaker 3: However, you know, Trump actually did just decide, for no
• 10:41
  Speaker 3: reason whatsoever to attack Iran because he thought it would
• 10:44
  Speaker 3: be easy. And all of us are the ones who
• 10:46
  Speaker 3: are now paying that price.
• 10:48
  Speaker 2: Yeah, and I mean and the tariffs too, which there
• 10:50
  Speaker 2: may have been a logical scheme that you and I
• 10:53
  Speaker 2: would have both supported, and Ryan and Emily too, we
• 10:55
  Speaker 2: had all been on board with. That is not remotely
• 10:58
  Speaker 2: what we saw and quite quite cut to the contrary,
• 11:01
  Speaker 2: you know, to your point about the complete reversal and
• 11:04
  Speaker 2: any sort of China hawkishness. You know, he went from
• 11:07
  Speaker 2: a lot of tough talk with regard to China and
• 11:08
  Speaker 2: decoupling and let's bring industry home, et cetera, et cetera,
• 11:12
  Speaker 2: to you know, this very different approach, which look frankly
• 11:15
  Speaker 2: at this point, I think, given our relative weakness in
• 11:19
  Speaker 2: the world, there is some accommodation with China that needs
• 11:22
  Speaker 2: to be made, but that doesn't mean we don't still
• 11:25
  Speaker 2: need to be concerned about having control over our own
• 11:27
  Speaker 2: supply lines and having our ability to manufacture here domestically.
• 11:32
  Speaker 2: That has all fallen off of Cliff under Trump, and
• 11:34
  Speaker 2: we'll talk more about that in the next segment. You know,
• 11:37
  Speaker 2: there is another piece that I've been thinking about soccer,
• 11:39
  Speaker 2: which is that part of the Trump economic pitch in
• 11:42
  Speaker 2: the campaign was about immigration. The idea was, we'll close
• 11:45
  Speaker 2: the border, We'll ship all these people out, there'll be
• 11:47
  Speaker 2: less competition for jobs. You know, quote unquote heritage Americans
• 11:51
  Speaker 2: or however you want to phrase it will benefit from that.
• 11:53
  Speaker 2: They continue to try to make that point, but you know,
• 11:56
  Speaker 2: they've done their immigration thing. The border is buying large clothes.
• 11:59
  Speaker 2: They basically ended asylum for everybody except white South Africans.
• 12:03
  Speaker 2: They've had very splashy deportation raids and you know, encouraged
• 12:07
  Speaker 2: a lot of people to leave just through the spectacle
• 12:10
  Speaker 2: of that cruelty. So they did the thing on immigration
• 12:13
  Speaker 2: more or less. And people can look around and go, Okay, well,
• 12:18
  Speaker 2: that didn't actually deliver the economic utopia that you promised
• 12:22
  Speaker 2: it would. Now, you know, you could argue, and others
• 12:24
  Speaker 2: who are still in favor of that policy could say, well,
• 12:27
  Speaker 2: if it wasn't.
• 12:27
  Speaker 4: For the Irarong it wasn't for tariffs.
• 12:29
  Speaker 2: But I think by and large people will look at
• 12:31
  Speaker 2: this another reason why the justification for this very owner's
• 12:36
  Speaker 2: very expensive by the way, immigration authoritarian state, why this
• 12:41
  Speaker 2: ended up not gelling with the promises of the campaign trail.
• 12:48
  Speaker 1: It's a totally fair point.
• 12:49
  Speaker 3: And you know what is the argument is basically anybody
• 12:53
  Speaker 3: who told you it was the only reason that was bullshit.
• 12:56
  Speaker 1: I don't think I even ever said it was the
• 12:58
  Speaker 1: only reason.
• 12:58
  Speaker 3: What the point was as it was supposed to be
• 13:01
  Speaker 3: paired not only with good trade policy, but also lack
• 13:05
  Speaker 3: of foreign adventurism and a general focus here at home.
• 13:09
  Speaker 1: So if you were to look at it in.
• 13:10
  Speaker 3: Totality of let's say, like like a whole of government approach,
• 13:14
  Speaker 3: I actually think you can make a pretty good case
• 13:17
  Speaker 3: for how it could have worked. Now if we're going
• 13:19
  Speaker 3: to live in the opposite, you know, basically the upside down,
• 13:22
  Speaker 3: where you have one piece which now seems to be
• 13:25
  Speaker 3: it done not even of its own accord, but and
• 13:27
  Speaker 3: really for the sake of basically like the sake of
• 13:30
  Speaker 3: its own in terms of either immigration policy and or
• 13:33
  Speaker 3: like you said, you know, expanding ice while at the
• 13:35
  Speaker 3: very same time having a large increase in the amount
• 13:38
  Speaker 3: of tariff with no general increase in manufacturing, on top
• 13:42
  Speaker 3: of massive foreign adventurers. And then, of course, I mean
• 13:44
  Speaker 3: it's not only that even in and of itself that
• 13:46
  Speaker 3: the policy was carried out in such a way that
• 13:48
  Speaker 3: turned a lot of Americans against it, but it also
• 13:50
  Speaker 3: wasn't even paired with all of the things that you
• 13:53
  Speaker 3: need to have a thriving domestic population. It's not you know, again,
• 13:57
  Speaker 3: not to tease some of our future segments, but I'll
• 13:59
  Speaker 3: bring it up in the future. Our next block is
• 14:01
  Speaker 3: about the economy and about what's really propelling it, and
• 14:05
  Speaker 3: it's all healthcare jobs, which look no offense to anybody
• 14:08
  Speaker 3: in healthcare, especially the doctors.
• 14:10
  Speaker 1: And the nurses. You guys work very, very hard.
• 14:12
  Speaker 3: But the vast majority of the increase in the healthcare
• 14:15
  Speaker 3: is like billing, you know, or like home health care
• 14:19
  Speaker 3: aids for boomers and for septutionarians.
• 14:22
  Speaker 1: Like that's really what it's all about.
• 14:24
  Speaker 3: And a lot of those jobs are actually not only
• 14:27
  Speaker 3: not manufacturing, they're highly tailored to an immigrant class, largely female.
• 14:32
  Speaker 1: So okay, like in terms of.
• 14:34
  Speaker 3: What's actually backstopping the US economy for the domestic American
• 14:39
  Speaker 3: worker and male in particular. You have not really had
• 14:42
  Speaker 3: any sort of increase or modest job prospect as a
• 14:45
  Speaker 3: result of the direct policy of the US government. So
• 14:49
  Speaker 3: that's the net effect really of what we've seen, Sam,
• 14:52
  Speaker 3: And we're talking about home buyers. In fact, let's put
• 14:54
  Speaker 3: a six up here on the screen. This is another
• 14:56
  Speaker 3: important policy. So you talked there about the immigration policy. Well,
• 15:00
  Speaker 3: one of the things that you would need to see
• 15:02
  Speaker 3: not only in terms of an increase in housing supply,
• 15:05
  Speaker 3: because that was one of the key pieces that people
• 15:06
  Speaker 3: made to say, we have all these millions of illegals
• 15:08
  Speaker 3: who are living here in the country, and it's like, well,
• 15:10
  Speaker 3: if we kick them all out, then we'll have more housing.
• 15:12
  Speaker 3: It's like yeah, but you know, you also need to
• 15:15
  Speaker 3: build some more housing. Even more so on top of that,
• 15:18
  Speaker 3: what we're watching here is the number of home buyers
• 15:20
  Speaker 3: in the market has fallen to a historic low. Almost
• 15:23
  Speaker 3: all of this has nothing to do either with the
• 15:26
  Speaker 3: supply or anything else. What it actually is is just
• 15:30
  Speaker 3: interest rates.
• 15:31
  Speaker 1: That's it. Period is you have a lot of people.
• 15:34
  Speaker 3: Who are in home like especially the homeowner class, boomers
• 15:37
  Speaker 3: and others, people who are old or wealthier. What they
• 15:40
  Speaker 3: are doing is they're sitting on these estates which appreciated
• 15:43
  Speaker 3: in value. On top of that, they have maybe a
• 15:45
  Speaker 3: two to three percent mortgage, or they have the entire
• 15:48
  Speaker 3: thing paid off already. They don't want to sell because
• 15:51
  Speaker 3: even though that they could net a large amount of money,
• 15:53
  Speaker 3: the market increase in wherever they might move is also
• 15:56
  Speaker 3: very very high, and the interest rate if they were
• 15:59
  Speaker 3: going to take a mortgage is high as well, and
• 16:01
  Speaker 3: so that creates a very constrained That creates a very
• 16:05
  Speaker 3: constrained market and buyers specifically, sorry, I mean for buyers,
• 16:10
  Speaker 3: because for buyers, the amount of leverage that they're having
• 16:13
  Speaker 3: to take out for many of these homes, and then
• 16:16
  Speaker 3: in terms of what they're getting for what they're paying
• 16:19
  Speaker 3: is just so far out of step from what's normal
• 16:22
  Speaker 3: that it just seems like they would rather just wait
• 16:25
  Speaker 3: it out. But you know, the price of waiting it
• 16:27
  Speaker 3: out is easy when you're sixty. It is not easy
• 16:30
  Speaker 3: when you're twenty five or thirty and you have a kid,
• 16:33
  Speaker 3: maybe a couple of kids in the interim years and
• 16:36
  Speaker 3: still living in a two bedroom home. I'm not saying
• 16:38
  Speaker 3: it can't be done. There's a lot of people who
• 16:40
  Speaker 3: do it. But is that the way that they would
• 16:41
  Speaker 3: prefer to live? And I think that's what it means.
• 16:44
  Speaker 3: The American dream fundamentally is like, look, work hard, not
• 16:47
  Speaker 3: only just be able to buy a house, buy a
• 16:48
  Speaker 3: decent one. And it's not like any of the ones
• 16:51
  Speaker 3: that even are for sale. Let's say, especially like here,
• 16:54
  Speaker 3: I'll take the market around here in northern Virginia. You
• 16:58
  Speaker 3: have nineteen six these ranchers, which are modestly renovated in
• 17:03
  Speaker 3: decent schools, going for one point two one point five million.
• 17:07
  Speaker 3: I mean, you need to be making hundreds of thousands
• 17:09
  Speaker 3: of dollars a year for the two of you, and you,
• 17:12
  Speaker 3: oh God forbid if one of you doesn't want to work,
• 17:14
  Speaker 3: because there's no way you're keeping up with that mortgage
• 17:17
  Speaker 3: payment on top of all of the other inflationary things
• 17:21
  Speaker 3: that have happened in your day to day life, like
• 17:22
  Speaker 3: the grocery store. You know, I'm even thinking about some
• 17:25
  Speaker 3: of the other. Okay, so you don't want to travel,
• 17:27
  Speaker 3: and oh you're gonna have a summer barbecue, Well let's
• 17:30
  Speaker 3: do a seven.
• 17:31
  Speaker 1: So July fourth, let's take a look at this.
• 17:33
  Speaker 3: The price of a pound of beef ground beef is
• 17:36
  Speaker 3: now seven dollars a pound. It's like a meme actually,
• 17:41
  Speaker 3: whenever you go and you look at like steaks or
• 17:44
  Speaker 3: something like even in costco. I mean, I can't be
• 17:47
  Speaker 3: the only guy. I'll see people, you know, I see
• 17:49
  Speaker 3: people going through the entire bin just trying to like
• 17:53
  Speaker 3: find like the one which is maybe a little which
• 17:56
  Speaker 3: might fit the budget. And maybe, you know, maybe I've
• 18:00
  Speaker 3: just been paying more attention. But I don't think it's
• 18:02
  Speaker 3: always been that way, especially whenever you look at the
• 18:05
  Speaker 3: chart like that. And so between gas, some are barbecues,
• 18:08
  Speaker 3: some are driving. Season travel season airfare up by twenty percent.
• 18:12
  Speaker 3: It's just becoming crazy. And when people when things feel crazy,
• 18:15
  Speaker 3: that's when people start to get crazy.
• 18:17
  Speaker 1: And I don't bring them.
• 18:18
  Speaker 2: Yeah, put the last one up on the screen. Here
• 18:21
  Speaker 2: at these price increases over the last five years, because
• 18:23
  Speaker 2: I think this really puts it all in perspective when
• 18:26
  Speaker 2: you look down the list, I mean from just five
• 18:28
  Speaker 2: years ago, like that's you know, it's a blink of
• 18:30
  Speaker 2: an eye. Really five years ago you and I were
• 18:33
  Speaker 2: doing this show Togain. Literally it doesn't feel like that long.
• 18:37
  Speaker 2: New cars twenty percent, more expensive groceries twenty six percent,
• 18:41
  Speaker 2: health insurance twenty seven percent, more expensive shelter twenty nine percent,
• 18:46
  Speaker 2: restaurants thirty percent, home prices thirty seven percent, electricity thirty
• 18:50
  Speaker 2: nine percent. It goes on and on. I mean, auto
• 18:54
  Speaker 2: insurance fifty eight percent, more expensive coffee one hundred five
• 19:01
  Speaker 2: ground beef, as you were saying, sixty eight percent, like
• 19:03
  Speaker 2: these numbers in just five years time you did you
• 19:07
  Speaker 2: get a raise that was commensurate to reflect those prices?
• 19:11
  Speaker 2: You know, did you get a fifty percent of thirty percent,
• 19:15
  Speaker 2: even a twenty percent increase in your wages for the
• 19:17
  Speaker 2: average American over the last five years, answer, of course
• 19:20
  Speaker 2: is no. So that means that over those five years,
• 19:22
  Speaker 2: most people have become material poor, and it happened in
• 19:26
  Speaker 2: a quick enough timeframe where they can notice. They can remember, Hey,
• 19:29
  Speaker 2: I used to be able to have steak, and then
• 19:30
  Speaker 2: I was able to have ground beef. Now I'm doing
• 19:32
  Speaker 2: canned chicken, you know, can tuna. That's what the costco
• 19:36
  Speaker 2: CEO or the is saying that they're seeing at their stores,
• 19:39
  Speaker 2: that people are downgrading the type of protein that they're
• 19:42
  Speaker 2: able to afford. So and so much of this, as
• 19:46
  Speaker 2: you said, tager, is by choice, and that's the part
• 19:48
  Speaker 2: that really creates a devastating political landscape for Trump and
• 19:53
  Speaker 2: the Republicans. And then of course he's got to come
• 19:55
  Speaker 2: out and say, you know what, you're struggling.
• 19:57
  Speaker 4: I don't care.
• 19:58
  Speaker 2: I'm not thinking about it. It's not my problem. I'm
• 20:00
  Speaker 2: focused on other things. I'm focused on preventing ran from
• 20:03
  Speaker 2: getting a nuclear weapon that they were never pursuing.
• 20:05
  Speaker 3: Right and reopening the straight ofform Moves which was open
• 20:08
  Speaker 3: on the very day of the war. So y today
• 20:11
  Speaker 3: that we started the war and where we have no
• 20:15
  Speaker 3: potential deal on the horizon. So in terms of this,
• 20:20
  Speaker 3: I mean, look, Trump again, not to tease the China
• 20:23
  Speaker 3: stuff too much.
• 20:24
  Speaker 1: He has to fold to China.
• 20:26
  Speaker 3: And what I mean by that is abandon every pretense
• 20:29
  Speaker 3: about bringing back manufacturing. We are going to strike a
• 20:33
  Speaker 3: Japan style deal with China where yes, we will allow
• 20:37
  Speaker 3: their goods in our market, but they have to build
• 20:39
  Speaker 3: them here. Any pretense about IP or anything, it's gone.
• 20:42
  Speaker 3: They're going to do some massive investment. Why else do
• 20:45
  Speaker 3: you take an Elon and Jen sending Maang with you.
• 20:47
  Speaker 3: Why do you think you think that the Micron CEO
• 20:50
  Speaker 3: and Tim Kook and all these other people are on
• 20:52
  Speaker 3: board Air Force one to tell the Chinese We're not
• 20:55
  Speaker 3: gonna let you make anything anymore, or is it the opposite,
• 20:58
  Speaker 3: and say, all right, let's all come to an understanding
• 21:00
  Speaker 3: this entire era of competition and all that it's over,
• 21:04
  Speaker 3: which means we're going to abandon any pretense of manufacturing. So,
• 21:08
  Speaker 3: in other words, I guess we should all just learn
• 21:10
  Speaker 3: to code.
• 21:10
  Speaker 1: All right, let's move on.
• 21:11
  Speaker 2: No, I think we should. I think soccer, we should
• 21:13
  Speaker 2: learn to nurse. Men in particular, all we had all
• 21:19
  Speaker 2: those those girls who code, Now we need boys who nurses.
• 21:23
  Speaker 3: That's right, Yeah, good, good transition. Merses, Justice for Merses.
• 21:28
  Speaker 1: Let's move on.
• 21:31
  Speaker 3: This is a very good preview of exactly what we're
• 21:33
  Speaker 3: talking about. Let's put this up here on the screen.
• 21:36
  Speaker 3: A changing job market leans against men. From the Wall
• 21:40
  Speaker 3: Street Journal. What we see is that industries that heavily
• 21:43
  Speaker 3: employed men are losing jobs, and the share of men
• 21:47
  Speaker 3: working has flatlined. So jobs held by women skyrocketed, and
• 21:52
  Speaker 3: the cumulative change in non farm jobs since December of
• 21:54
  Speaker 3: twenty twenty four, you can actually see it sever one
• 21:56
  Speaker 3: hundred thousand, whereas jobs held by men are on attest
• 22:00
  Speaker 3: increase but remain near baseline from twenty twenty five. Over
• 22:04
  Speaker 3: the past year, nearly all net job growth has come
• 22:07
  Speaker 3: from healthcare and social assistance, a sector with the dearth
• 22:10
  Speaker 3: of men. Sectors with heavily mail workforces have been losing jobs,
• 22:13
  Speaker 3: and the post pandemic period has seen an influx of
• 22:16
  Speaker 3: women in their prime working years into employment. The share
• 22:19
  Speaker 3: of men working has actually flatlined. The divergent path will
• 22:22
  Speaker 3: widen in the years ahead as the needs of an
• 22:25
  Speaker 3: aging population stack up. Occupations that men have historically been
• 22:29
  Speaker 3: loath to enter, such as home healthcare, aids and medical assistants,
• 22:33
  Speaker 3: will play a bigger role in the labor market. A
• 22:36
  Speaker 3: growing educational divide is also part of the equation. Women
• 22:39
  Speaker 3: now earn bachelor's degrees at a substantially higher rate than men,
• 22:43
  Speaker 3: and employment rates among people who are college educated are
• 22:46
  Speaker 3: substantially higher than those who are not.
• 22:48
  Speaker 1: So.
• 22:49
  Speaker 3: In other words, this is literally the opposite of what
• 22:51
  Speaker 3: I think a lot of men who voted for Trump
• 22:53
  Speaker 3: in particular wanted. A lot of young men I think
• 22:55
  Speaker 3: a lot of them can see it on the horizon. Remember,
• 22:57
  Speaker 3: for many years we covered on the show the college
• 23:00
  Speaker 3: drop out phenomenon. A lot of men were like screw it,
• 23:02
  Speaker 3: I'm not going to college. I just don't think the
• 23:03
  Speaker 3: wage premium exists anymore. A lot of that is built
• 23:06
  Speaker 3: also on the falsity of the promise of taking out
• 23:09
  Speaker 3: this hundreds of thousands of dollars in debt before eventually
• 23:11
  Speaker 3: graduating being able to earn it back. But that's also
• 23:14
  Speaker 3: was backstop by this belief that by working in the
• 23:17
  Speaker 3: trades or in manufacturing anything, you'd also be able to
• 23:19
  Speaker 3: attain something. Well, it's not panned out now, and I
• 23:22
  Speaker 3: think as a result actually of a lot of government
• 23:25
  Speaker 3: policy under the Biden administration of the Trump administration, and
• 23:28
  Speaker 3: what we've seen basically is twenty five years. It took
• 23:31
  Speaker 3: us really to get to this point. But this is
• 23:33
  Speaker 3: the crisis point. The crisis point is that we are
• 23:36
  Speaker 3: becoming Japan or Korea, where you know, we have this
• 23:39
  Speaker 3: inverted age triangle, and with this age triangle makes it
• 23:44
  Speaker 3: so that the people at the top not only have
• 23:46
  Speaker 3: all the money, but they own all the property, which
• 23:48
  Speaker 3: means that they're going to attract the newer workforce basically
• 23:52
  Speaker 3: to care for them, which is why it is the highest,
• 23:55
  Speaker 3: you know, the highest growing profession in the United States.
• 23:59
  Speaker 3: At the same time, the backstop, the stuff that actually
• 24:02
  Speaker 3: makes the country run and everything. You're seeing an overall
• 24:04
  Speaker 3: decrease in net overall employment.
• 24:07
  Speaker 1: Again literally the.
• 24:08
  Speaker 3: Opposite of what you wanted to set out. And I'm
• 24:11
  Speaker 3: going to cover this social trend now for many, many years,
• 24:14
  Speaker 3: but it doesn't make it better to see it all
• 24:17
  Speaker 3: affirmed in the charts. And I mean what, it doesn't
• 24:21
  Speaker 3: take a genius sociologically to say unemployed young men will often,
• 24:26
  Speaker 3: over a period of time, will cause major societal problems
• 24:29
  Speaker 3: and change, which you only need to read recent history
• 24:33
  Speaker 3: of the last one hundred years to figure out. And
• 24:36
  Speaker 3: if you go back a few hundred years you'll only
• 24:38
  Speaker 3: see even more data points to look at.
• 24:40
  Speaker 2: Or just like use your brain and common sense, like
• 24:42
  Speaker 2: you don't even know any history, to just think this
• 24:45
  Speaker 2: through and how it's going to go. Yeah, I will
• 24:47
  Speaker 2: say the Biden administration there was not enough done. But
• 24:51
  Speaker 2: actually there was a manufacturing renaissance that occurred out of
• 24:54
  Speaker 2: every modern era recession prior to the COVID era recession,
• 25:00
  Speaker 2: and manufacturing jobs that were lost basically stayed lost. This
• 25:03
  Speaker 2: was the first time under the Biden administration that they
• 25:06
  Speaker 2: were actually increasing the number of manufacturing jobs above and
• 25:10
  Speaker 2: beyond what was lost during the recession, and it was
• 25:12
  Speaker 2: a result of government policy. You had the chipsacked, you
• 25:15
  Speaker 2: had other provisions at the Infrastructure Bill that were affirmatively
• 25:19
  Speaker 2: trying to rebuild a manufacturing base in key strategic sectors.
• 25:24
  Speaker 2: And again I'm not going to say that it was
• 25:25
  Speaker 2: all like magic and rainbows, but it was one of
• 25:27
  Speaker 2: the things the Biden administration actually did quite well, and
• 25:30
  Speaker 2: it was working. And Trump because of how foolishly he
• 25:34
  Speaker 2: has governed. First of all, he ripped apart a lot
• 25:37
  Speaker 2: of the programs that were actually working under the Biden administration,
• 25:40
  Speaker 2: just more or less out of spite during Doge. Also,
• 25:42
  Speaker 2: he hates renewable energy, just has like a vendetta against it.
• 25:45
  Speaker 4: So anything in that.
• 25:46
  Speaker 2: Sector, which those jobs are also largely male jobs, that
• 25:50
  Speaker 2: all was out the window. And then with the tariffs,
• 25:53
  Speaker 2: even though the one of the many rationales for the
• 25:56
  Speaker 2: tariffs was that this was going to bring back manufacturing,
• 25:58
  Speaker 2: it really hobbled and hindered manufacturing because of the foolish
• 26:02
  Speaker 2: way that it was put together. So quite to the
• 26:04
  Speaker 2: contrary of how he campaigned, which was all about the bros.
• 26:08
  Speaker 2: You know, it was going on Rogan's podcast. It was
• 26:11
  Speaker 2: having you know, it was having pro wrestlers come out
• 26:14
  Speaker 2: at rallies. It was very masculine focused, almost to a
• 26:20
  Speaker 2: campy ridiculous degree. And he talks from the time he
• 26:24
  Speaker 2: entered onto the political arena really back in twenty fifteen,
• 26:27
  Speaker 2: he always talked about industries that were heavily mail industries,
• 26:30
  Speaker 2: whether it was coal mining, whether it was factory jobs,
• 26:34
  Speaker 2: whether it was the auto industry. This is where he
• 26:36
  Speaker 2: really focused a lot of his rhetoric on who he
• 26:39
  Speaker 2: was going to pay attention to and the top type
• 26:41
  Speaker 2: of jobs that he was going to bring. So to
• 26:43
  Speaker 2: see these numbers so starkly that not only has he
• 26:46
  Speaker 2: failed to deliver, he's reversed some of the modest games
• 26:50
  Speaker 2: that were made under the Biden administration is really to
• 26:53
  Speaker 2: me quite striking, you know, on the healthcare piece. This
• 26:57
  Speaker 2: is really becoming one of the remaining aspirational paths for
• 27:02
  Speaker 2: Americans who grow up either you know, in poverty or
• 27:05
  Speaker 2: working class parents, or you know, relatively low income or
• 27:09
  Speaker 2: lower middle class, where you can if you you know,
• 27:13
  Speaker 2: you go, you work hard, you get the nursing degree,
• 27:16
  Speaker 2: you can go and you can find a job that
• 27:18
  Speaker 2: is going to be sustainable and going there going to
• 27:20
  Speaker 2: be plenty of opportunities. I've seen this with my daughter's
• 27:23
  Speaker 2: friends in particular, some of who grew up you know,
• 27:25
  Speaker 2: in real difficult circumstances that this is one of the
• 27:29
  Speaker 2: trajectories that's still open to you. But because historically the
• 27:32
  Speaker 2: care professions are very much associated with the feminine, it's
• 27:36
  Speaker 2: there are very few still male nurses. Most of them
• 27:39
  Speaker 2: are dominate in like you know, the ICU sort of
• 27:41
  Speaker 2: more intense situations, and maybe that's a mentality that's going
• 27:45
  Speaker 2: to have to change. The other thing that I was so,
• 27:48
  Speaker 2: I'm only partially joking about the like boys who nurse.
• 27:51
  Speaker 2: You know, if those are the opportunities that are available,
• 27:53
  Speaker 2: then we need to perhaps change some of our societal
• 27:56
  Speaker 2: thinking about who should be in those industries and who
• 27:58
  Speaker 2: should be.
• 27:59
  Speaker 4: Doing that work.
• 28:00
  Speaker 2: The other thing soccer that I was thinking about is
• 28:03
  Speaker 2: a lot of the stock market is being bullied by
• 28:06
  Speaker 2: of course, the data center build out and the whole
• 28:08
  Speaker 2: bet on AI and these data centers are being built everywhere,
• 28:12
  Speaker 2: and a lot of that work, you know, it's construction jobs,
• 28:14
  Speaker 2: and it's a lot of electrical workers. Those are dominant male,
• 28:18
  Speaker 2: you know, those are mostly men who are doing that work,
• 28:22
  Speaker 2: and yet it hasn't been enough to offset this overall trend,
• 28:25
  Speaker 2: which was also frankly a little bit surprising to me
• 28:27
  Speaker 2: because of how much that industry has expanded.
• 28:30
  Speaker 3: Yeah, it is interesting, you know, to the broader societal point.
• 28:33
  Speaker 3: I got nothing against nurses and guys. I've had some
• 28:35
  Speaker 3: great male nurses even add some in the nick you
• 28:37
  Speaker 3: shout out to some of those people.
• 28:39
  Speaker 1: So any any dude you know who's like, oh, you know,
• 28:42
  Speaker 1: it's above me, shut up.
• 28:43
  Speaker 3: All right, let's put that aside. But and I think
• 28:46
  Speaker 3: this is to your point about earlier. It shouldn't be.
• 28:50
  Speaker 3: You know, it's just a sick society when the only
• 28:52
  Speaker 3: thing that you can make money doing iskaren for other
• 28:54
  Speaker 3: sick people, right, and especially old sick people, because you
• 28:57
  Speaker 3: should be able to make money doing all kinds of
• 28:59
  Speaker 3: different things. And so you talked there about manufacturing. Okay,
• 29:03
  Speaker 3: so I'm not you know, some big green energy. I
• 29:05
  Speaker 3: have nothing against green energy. You know, I'm a nuclear
• 29:08
  Speaker 3: energy person. I still believe that we're going to have.
• 29:10
  Speaker 1: A lot of oil. All right, So what do we
• 29:12
  Speaker 1: need to do? Then?
• 29:13
  Speaker 3: What do I talk about here all the time? We
• 29:14
  Speaker 3: haven't built a new oiler finaries since nineteen seventy seven.
• 29:17
  Speaker 3: Where's all the new oiler fineries?
• 29:18
  Speaker 1: Where are they?
• 29:19
  Speaker 3: They don't nothing, zero, Nothing is being financed by the administration.
• 29:23
  Speaker 1: Okay, it's great.
• 29:24
  Speaker 3: The oil companies themselves are making bank right now. However,
• 29:28
  Speaker 3: have we also seen a major increase in like a
• 29:31
  Speaker 3: new highway bill to reindustrialize or to rechange and widen
• 29:37
  Speaker 3: all of the interstate highways, make the you know, some
• 29:40
  Speaker 3: sort of CCC type program to beautify or to increase that,
• 29:45
  Speaker 3: you know, the National Park Service and modernize them.
• 29:48
  Speaker 1: No, none of that. In fact, we actually cut some.
• 29:50
  Speaker 3: Of those things in favor of expanding, in favor of expand.
• 29:54
  Speaker 3: Now to bring it to the China piece, let's put
• 29:56
  Speaker 3: B three up here on the screen. So the stock
• 29:59
  Speaker 3: market remember his hitting absolute all time highs, like record highs.
• 30:04
  Speaker 1: How does that happen?
• 30:05
  Speaker 3: So you were talking there about data centers. It's not
• 30:07
  Speaker 3: just data centers though, it's just the sheer valuation of
• 30:11
  Speaker 3: these magnificent seven companies. And we talked ab us with
• 30:13
  Speaker 3: Derek Thompson yesterday, who are by all accounts making absolute
• 30:17
  Speaker 3: shit pots of money.
• 30:19
  Speaker 1: But what does that actually mean in terms of distribution.
• 30:23
  Speaker 3: So a you know, what Derek said which has really
• 30:26
  Speaker 3: resonated with me, is that all of these guys, you know,
• 30:28
  Speaker 3: these several hundred people or so who work at open
• 30:31
  Speaker 3: AI and ananthropic we are about to see the minting
• 30:35
  Speaker 3: of more billionaires in a single period through their IPOs
• 30:39
  Speaker 3: than at any time because of the valuation of these things.
• 30:42
  Speaker 3: But the actual distributed effects of that is going to
• 30:45
  Speaker 3: skew dramatically to these few hundred people. This is tech
• 30:48
  Speaker 3: technology is the story of power laws. That's how you
• 30:51
  Speaker 3: have the Zuckerbergs, the Elons and others become worth several
• 30:54
  Speaker 3: hundred billion dollars. But that does not mean that these
• 30:58
  Speaker 3: stock gains are going to be equally distributed. Now, no
• 31:02
  Speaker 3: stock market in particular in a capitalist system is going
• 31:05
  Speaker 3: to have quote equal distribution. But you know, the general
• 31:08
  Speaker 3: valuation and the way that it makes it so that
• 31:10
  Speaker 3: the ownership class versus the working stiff has never been
• 31:14
  Speaker 3: more stark really than it is today.
• 31:16
  Speaker 1: Like it's a parallel reality.
• 31:19
  Speaker 3: Of whether you own assets or whether you're mostly a
• 31:22
  Speaker 3: W two wage earner.
• 31:24
  Speaker 1: And that is just not sustainable.
• 31:26
  Speaker 3: Whenever we only have like five ten percent in the
• 31:29
  Speaker 3: former category and over ninety percent there, especially when we
• 31:33
  Speaker 3: talk about rising prospects and the thought about with AI,
• 31:37
  Speaker 3: with you know, men and skilled trades. These were something
• 31:41
  Speaker 3: that it's really important I think, you know, to highlight
• 31:44
  Speaker 3: you Also in terms of politics, bringing it back to
• 31:47
  Speaker 3: Trump is they're flailing around trying to get a few
• 31:52
  Speaker 3: different things passed through the House of Representative. So this
• 31:55
  Speaker 3: one in particular, let's go before please the America. This
• 31:59
  Speaker 3: is from the Vice President and a truth social post
• 32:03
  Speaker 3: by Trump. As I said in the State of the Union,
• 32:05
  Speaker 3: the American dream of home ownership is under attack. He
• 32:08
  Speaker 3: talks about there a woman who placed a bid on
• 32:10
  Speaker 3: some homes and lost them to gigantic investment firms.
• 32:13
  Speaker 1: She said.
• 32:13
  Speaker 3: He says stories like this are why A sign an
• 32:15
  Speaker 3: executive order to ban Wall Street investment firms or buying
• 32:18
  Speaker 3: single family homes. However, that's not really enforceable, so he
• 32:20
  Speaker 3: goes on, I called for Congress who saved the American
• 32:23
  Speaker 3: dream and ban these types of purchases. Senators Bernie Moreno
• 32:26
  Speaker 3: and Tim Scott have worked to ensure this call becomes
• 32:29
  Speaker 3: a reality, and a bill has passed the Senate with
• 32:31
  Speaker 3: nearly ninety votes.
• 32:32
  Speaker 1: So it passed in the Senate.
• 32:34
  Speaker 3: However, they still need they still need to get somebody
• 32:38
  Speaker 3: in the House of Representatives not just introduced it, but
• 32:39
  Speaker 3: to actually pass it, either that or through unanimous content.
• 32:43
  Speaker 3: But here's the thing, like, this is not front page
• 32:45
  Speaker 3: news because Iran is happening inflation and the folks to
• 32:49
  Speaker 3: the administration is on trying to save and have some
• 32:53
  Speaker 3: major pr move on their you know, on their trip
• 32:56
  Speaker 3: to China and to get themselves out of the mess
• 32:58
  Speaker 3: they created with So how many people are really going
• 33:02
  Speaker 3: to know about it outside let's say the listeners here
• 33:04
  Speaker 3: on the show where it's the fourth element in a
• 33:06
  Speaker 3: segment in the second.
• 33:07
  Speaker 1: Block right here of what we're talking about.
• 33:09
  Speaker 3: Because also, do we really have a ton of confidence
• 33:11
  Speaker 3: that this is going to happen? I hope it does happen,
• 33:13
  Speaker 3: to be very very clear, However, are we really absolutely
• 33:16
  Speaker 3: confident and in and of itself, is it actually going
• 33:19
  Speaker 3: to do anything?
• 33:19
  Speaker 1: That's something that a lot of the ymbies talk about.
• 33:21
  Speaker 3: They're like, look, okay, whatever, but you still have to
• 33:24
  Speaker 3: build new housing. Like it's kind of scratching around on
• 33:27
  Speaker 3: the edges. And if that's the best that can be done,
• 33:30
  Speaker 3: then absolutely nothing is going to change from what I can.
• 33:33
  Speaker 2: Yeah, I would appreciate it as almost like a symbolic
• 33:36
  Speaker 2: strike against Capitol, like, no, you have to follow some
• 33:38
  Speaker 2: We're going to you know, absolutely. But the other thing
• 33:40
  Speaker 2: is how many times are we going to be like
• 33:42
  Speaker 2: taken for a ride by Trump where he floats all
• 33:45
  Speaker 2: the oh, we're going to do that. We're going to
• 33:46
  Speaker 2: cap the interest rates on credit cards. Elizabeth Warren said, Okay, great,
• 33:50
  Speaker 2: let's work together. Silence. So, Okay, he supports it, that's great.
• 33:55
  Speaker 2: Is he going to put in the political work to pressure,
• 34:00
  Speaker 2: you know, in transigent Republicans to come on board with
• 34:02
  Speaker 2: this and actually support it.
• 34:05
  Speaker 4: Unlikely. I believe it when.
• 34:06
  Speaker 1: I see it.
• 34:06
  Speaker 4: How about I say that?
• 34:07
  Speaker 2: But you know, to your point, is this going to
• 34:09
  Speaker 2: solve the problem at this point, No, because it will
• 34:12
  Speaker 2: require a massive rethinking of housing, a massive surge of building.
• 34:16
  Speaker 2: It would require some direct federal government involvement, which, look,
• 34:20
  Speaker 2: no one would be better suited to do than Donald Trump,
• 34:22
  Speaker 2: who literally made his first money in real estate and
• 34:25
  Speaker 2: knows something about that industry. But he's not focused on that.
• 34:29
  Speaker 2: He's focused on the ballroom, he's focused on the reflecting pool.
• 34:32
  Speaker 2: He's focused on this iron war that he would like
• 34:34
  Speaker 2: to get himself out of but is now trapped himself into.
• 34:37
  Speaker 2: So you know, that's where the energy is gonna is
• 34:40
  Speaker 2: going to ultimately go one more point on this men
• 34:43
  Speaker 2: versus women in the economy piece, because I asked Emily,
• 34:46
  Speaker 2: I know you and you and Emily were supposed to
• 34:47
  Speaker 2: originally cover this and then you got short with time
• 34:49
  Speaker 2: because you were having such a great interview with Derek,
• 34:52
  Speaker 2: and so I said, oh, are there any points that
• 34:53
  Speaker 2: you would want made? And one of the things that
• 34:56
  Speaker 2: she also pointed to was again on immigration. She said, look,
• 34:58
  Speaker 2: nine out of ten orties were actually male, So again
• 35:02
  Speaker 2: you would think, okay, then that creates more openings in
• 35:05
  Speaker 2: the economy in traditionally male dominated industries. So to still
• 35:10
  Speaker 2: have this level of decline where the net job increase
• 35:14
  Speaker 2: in those male dominated industries is literally zero, is again
• 35:18
  Speaker 2: pretty you know, pretty astonishing to see those numbers in
• 35:21
  Speaker 2: spite of the fact that you know, again on the
• 35:23
  Speaker 2: immigration promises, he did the thing that he said he
• 35:26
  Speaker 2: was going to do that in their theory should have
• 35:29
  Speaker 2: benefited people overall economically, should have benefited men specifically, since
• 35:34
  Speaker 2: it's men who are buy and large being deported, and
• 35:36
  Speaker 2: again you don't see that in the in the data world.
• 35:39
  Speaker 1: Well, just to address that, you need carrots and sticks.
• 35:41
  Speaker 1: So yes, you need that.
• 35:42
  Speaker 3: You also need to make sure that these companies are
• 35:45
  Speaker 3: either mandated, forced or have to comply with paying more wages.
• 35:49
  Speaker 3: That's just the truth. I mean, you can't just rely
• 35:52
  Speaker 3: on supply and demand. You have to also in some
• 35:56
  Speaker 3: cases have direct intervention. And you know, let's even remember
• 36:00
  Speaker 3: in terms of deportation, because this is an important thing,
• 36:04
  Speaker 3: the Trump administration specifically exempted some of these jobs exactly
• 36:08
  Speaker 3: what you're talking about. They exempted in many cases at
• 36:11
  Speaker 3: the request of CEOs not deporting people either in farms
• 36:15
  Speaker 3: or in the service sect. In fact, Trump actually endorsed
• 36:18
  Speaker 3: some sort of migrant guest worker program whenever it came
• 36:21
  Speaker 3: to farming. Same with hotels and other places in the
• 36:24
  Speaker 3: service industry. So there was an explicit either exemption workplace raids, remember,
• 36:28
  Speaker 3: which dramatically declined actually as Trump began to get all
• 36:32
  Speaker 3: of these calls from the people who were actually paying
• 36:35
  Speaker 3: many of these people under the table. So there was
• 36:38
  Speaker 3: more of a scattershot approach and sometimes eveither just a
• 36:41
  Speaker 3: blue state targeting as opposed to explicitly trying to enact
• 36:44
  Speaker 3: a policy that was going to have an overnight effect,
• 36:47
  Speaker 3: or not overnight effect, but a dramatic effect in terms
• 36:49
  Speaker 3: of the workplace. But on top of that, you're also
• 36:51
  Speaker 3: just frankly going to have to force and mandate increase
• 36:54
  Speaker 3: wages whenever it comes to some of these jobs because
• 36:57
  Speaker 3: the market demand a loan of supply is not going
• 37:00
  Speaker 3: to change everything overnight. So yes, yeah, you know which
• 37:04
  Speaker 3: turns out, which I'm not a libertarian, but you know,
• 37:06
  Speaker 3: maybe for the shock of some of these people, I
• 37:08
  Speaker 3: have no problems whatsoever.
• 37:10
  Speaker 1: And a lot of these trades and other jobs.
• 37:12
  Speaker 3: I don't believe that there's any job in the world
• 37:14
  Speaker 3: that people won't do if they're not paid well enough.
• 37:16
  Speaker 1: We just have to make it so that they have
• 37:17
  Speaker 1: to be paid. Yeah.
• 37:19
  Speaker 2: Well, and that's the thing too, is especially when you're
• 37:20
  Speaker 2: talking about farm workers, they should be paid much better.
• 37:23
  Speaker 2: I mean that it's one of the most abused and
• 37:25
  Speaker 2: exploited industries on the planet. Very likely those costs are
• 37:29
  Speaker 2: passed through to consumers, and at a time when people
• 37:32
  Speaker 2: are getting screwed and inflation is high and wages are low,
• 37:34
  Speaker 2: and you know what, you have extra to be able
• 37:37
  Speaker 2: to afford that at the grocery store. So it's a
• 37:40
  Speaker 2: you know, it's a terrible economic picture. Well, the trust
• 37:43
  Speaker 2: was created for everyone, let alone the people that he
• 37:45
  Speaker 2: promised directly that he would do more for.
• 37:47
  Speaker 1: I should have put this in the A block, but
• 37:49
  Speaker 1: I don't know if he saw this.
• 37:50
  Speaker 3: We're actually lowering the tariff on beef so that we
• 37:52
  Speaker 3: can increase the imports of beef, like either from Argent.
• 37:54
  Speaker 3: I'm like, okay, yeah, I mean that's one way to
• 37:56
  Speaker 3: reduce the price. Great, just get a bunch of foreign beef.
• 37:59
  Speaker 3: I'm sure that that's what. That's the American dream. And
• 38:02
  Speaker 3: then it even gets doesn't it get labeled American made
• 38:05
  Speaker 3: or something like that the late remember we've covered this before.
• 38:08
  Speaker 2: I know they the ranchers have a lot of issues
• 38:10
  Speaker 2: with the country of origin labeling, which is going to
• 38:13
  Speaker 2: be very deceptive.
• 38:14
  Speaker 1: That's what it is. It's packaged in America. That's the way.
• 38:16
  Speaker 3: It's like, you know, when you open your Apple laptop
• 38:18
  Speaker 3: and it says designed in California. That's that's what I mean,
• 38:21
  Speaker 3: designed in California, not made in California.
• 38:24
  Speaker 1: Designed.
• 38:25
  Speaker 3: Well, it's the same thing with bait is packaged here
• 38:28
  Speaker 3: in the United States, they're able to label it for
• 38:31
  Speaker 3: country of origin when really a lot of it is
• 38:33
  Speaker 3: from Argentina.
• 38:35
  Speaker 1: So we need to dramatically revise that.
• 38:36
  Speaker 3: Oh wait, haven't done any of that actually more recently either.
• 38:40
  Speaker 1: Okay, let's get to Israel.
• 38:44
  Speaker 2: So we now have some new global polling on how
• 38:48
  Speaker 2: residents of the world feel about various countries. Let's put
• 38:52
  Speaker 2: this up on the screen. You will not be surprised,
• 38:54
  Speaker 2: I think viewers of this show to learn that the
• 38:58
  Speaker 2: most hated country in the entire world, beating out North
• 39:03
  Speaker 2: Korea actually by a pretty hefty margin, here is the
• 39:07
  Speaker 2: nation state of Israel, although isn't even a nation state
• 39:10
  Speaker 2: when it doesn't really seem to have borders and continually
• 39:12
  Speaker 2: expands and attacks whoever they want, whenever they want.
• 39:15
  Speaker 4: It's a question for another day.
• 39:16
  Speaker 2: In any case, they are the most hated national entity
• 39:19
  Speaker 2: in the world. North Korea, Afghanistan, Iran, and then we
• 39:23
  Speaker 2: are just narrowly by one point there liked better than Iran.
• 39:28
  Speaker 2: Our standing has apparently plummeted quite significantly in the Democracy
• 39:33
  Speaker 2: Perception index. And I don't know all the methodology saga
• 39:37
  Speaker 2: of this polling, but it does not surprise me whatsoever
• 39:40
  Speaker 2: that Israel is not exactly held in high regard when
• 39:43
  Speaker 2: you look at the way that they act like cry
• 39:45
  Speaker 2: bullies in the world, when you look at the way
• 39:47
  Speaker 2: that they attack all of their neighbors routinely, when you
• 39:51
  Speaker 2: consider the fact that not just us, but the entire
• 39:54
  Speaker 2: globe has watched the barbarism in their timelines of Israel
• 39:58
  Speaker 2: committing a genocide and bragging about it and celebrating it. So,
• 40:02
  Speaker 2: you know, the country that we hold out as our
• 40:04
  Speaker 2: great ally and the most moral army in the world
• 40:06
  Speaker 2: and the only democracy in the Middle East, blah blah blah,
• 40:09
  Speaker 2: turns out they have the lowest global perception of literally
• 40:13
  Speaker 2: any place on the planet.
• 40:14
  Speaker 3: Yeah, you know, it's actually interesting when you pair this
• 40:17
  Speaker 3: with how Americans perceive other countries in the world. So
• 40:20
  Speaker 3: I forgot to add this in, but I will send
• 40:23
  Speaker 3: it along so we can put it in posts when
• 40:25
  Speaker 3: you ask Americans how the influence of other countries is growing.
• 40:30
  Speaker 3: And this fits very much with the theme of our show. Now,
• 40:33
  Speaker 3: number one is China, and this was a poll just
• 40:35
  Speaker 3: taken a few days ago, and number two is Israel. Actually,
• 40:38
  Speaker 3: so who is getting stronger? The percent of American adults
• 40:41
  Speaker 3: who say each country is getting stronger China sixty two percent,
• 40:46
  Speaker 3: Israel forty five percent, Russia thirty four percent, US thirty
• 40:51
  Speaker 3: four percent. Of the US is actually number four. So
• 40:53
  Speaker 3: it's not really just the globe. I think it's that
• 40:56
  Speaker 3: other countries are intuiting who has the upper hand in geopolitics.
• 41:01
  Speaker 3: And what's actually fascinating to me is that Americans themselves
• 41:04
  Speaker 3: are actually suing through or seeing through the own propaganda
• 41:07
  Speaker 3: of their own media. Now in many countries India, for example,
• 41:12
  Speaker 3: they have a vibrant, thriving press.
• 41:15
  Speaker 1: They will talk all day.
• 41:16
  Speaker 3: Long about the declining influence of the United States, about
• 41:20
  Speaker 3: how India stands alone, about how you know, they can
• 41:23
  Speaker 3: assess both with Israel, with Russia, and with the US.
• 41:26
  Speaker 3: They can look at things, you know, pretty easily. But
• 41:29
  Speaker 3: when you look at other Asian countries, especially the more
• 41:31
  Speaker 3: allied countries, they're usually pretty google. They're pretty good often
• 41:36
  Speaker 3: about not showing in their media. Let's say something that's
• 41:40
  Speaker 3: so detrimental that, you know, to the United States, with
• 41:43
  Speaker 3: Israel and all that, they didn't ever particularly care. But
• 41:46
  Speaker 3: we've already paired this now with not only a lot
• 41:49
  Speaker 3: of the outrage over how they conduct themselves in Gaza,
• 41:52
  Speaker 3: But whenever this Iran War happened, they also were like, wow,
• 41:55
  Speaker 3: now their belligerence is directly affecting us. And I think
• 42:00
  Speaker 3: when you pair those two things together with the United
• 42:03
  Speaker 3: States with Israel, I mean, even with the US, let's say,
• 42:05
  Speaker 3: what our operation in Venezuela. One of the reasons I
• 42:08
  Speaker 3: so opposed it was that obviously, you know, between this
• 42:12
  Speaker 3: and the Iran War, North Korea is never ever giving
• 42:16
  Speaker 3: up their nuclear weapons.
• 42:17
  Speaker 1: Now they probably weren't ever before that.
• 42:18
  Speaker 3: But when you fly into another nation and capture their
• 42:22
  Speaker 3: head of state because he doesn't have a nuke, and
• 42:24
  Speaker 3: then you also launch a preemptive war to prevent another
• 42:27
  Speaker 3: country from getting a nuke, and you can't even do that,
• 42:29
  Speaker 3: you've erased, you know, US deterrence to any country which
• 42:33
  Speaker 3: you're trying to diplomacy with, probably for like the next
• 42:35
  Speaker 3: twenty years.
• 42:36
  Speaker 1: Well yeah, you.
• 42:37
  Speaker 3: Also, I mean just imagine the outrage in any neutral
• 42:42
  Speaker 3: or even quasi allied country. They're like, wait, they did
• 42:45
  Speaker 3: that to them, they could do this to us, And
• 42:48
  Speaker 3: so that level of hatred, I mean it's probably akin
• 42:52
  Speaker 3: to the Iraq War. I remember, I traveled a lot
• 42:55
  Speaker 3: during the Iraq War. I was a teenagers living abroad too.
• 42:58
  Speaker 1: I mean, I don't.
• 42:59
  Speaker 3: Particularly care all that much what like a Belgian thinks
• 43:02
  Speaker 3: of the United States, but it suffices to say it
• 43:05
  Speaker 3: was not a lot.
• 43:05
  Speaker 1: You know, it's not very very well received the Iraq War.
• 43:09
  Speaker 1: And it wasn't just them, it was like everybody, like
• 43:12
  Speaker 1: wherever you went, people were really mad.
• 43:14
  Speaker 3: And when you add Israel in on top of this,
• 43:17
  Speaker 3: and then the alliance, you know, bipartisan alliance really between
• 43:20
  Speaker 3: Biden in between Trump over these last few years, people
• 43:23
  Speaker 3: really really have.
• 43:25
  Speaker 1: A negative view.
• 43:26
  Speaker 3: I also think in Europe it's not just Israel, it's
• 43:29
  Speaker 3: also probably Ukraine, if I had to guess. Obviously they're
• 43:33
  Speaker 3: a lot more attached to the war in Ukraine than
• 43:35
  Speaker 3: a lot of Americans are. And for them, you know,
• 43:37
  Speaker 3: they had these very antiquated, idealized view of NATO.
• 43:40
  Speaker 1: But for them that's also a wake up call.
• 43:42
  Speaker 3: The fact is is that you know, Russia is going
• 43:45
  Speaker 3: to have at least a portion of Ukraine. So I
• 43:47
  Speaker 3: think you just put all these things together, from Asia
• 43:49
  Speaker 3: to Europe and across the world, the way they're feeling
• 43:52
  Speaker 3: about Israel, the way they're feeling about the United States
• 43:54
  Speaker 3: and the assessment of who's getting stronger and having the
• 43:57
  Speaker 3: upper hand. It all points in a very very bad
• 43:59
  Speaker 3: direction for American privacy, if that's something you ever cared about.
• 44:03
  Speaker 1: So I did go ahead.
• 44:05
  Speaker 2: I was just gonna say it's also I mean, just
• 44:06
  Speaker 2: think of our self conception as always like the good
• 44:09
  Speaker 2: guys in the world, you know, and then you look
• 44:10
  Speaker 2: at this and you're like, you're rank the same as Iran.
• 44:12
  Speaker 2: Congratulations and Iran supposedly, you know, in our conception on
• 44:17
  Speaker 2: the axis of evil, et.
• 44:18
  Speaker 4: Cetera, et cetera.
• 44:20
  Speaker 2: And I suspect that most of this polling was done
• 44:22
  Speaker 2: before the Iran War. I'm going to make a prediction
• 44:24
  Speaker 2: here that the view of Iran in the world is
• 44:26
  Speaker 2: going to surge because they've come off looking much more
• 44:29
  Speaker 2: like the reasonable party in this war. I mean, they
• 44:33
  Speaker 2: were the ones who were attacked, they were not the
• 44:35
  Speaker 2: aggressive offender in this regard. And they've been very effective
• 44:39
  Speaker 2: with their propaganda campaign.
• 44:41
  Speaker 4: You know, the Lego.
• 44:42
  Speaker 2: Videos and the New Minion videos and all these things
• 44:44
  Speaker 2: that are coming out that are appealing to an American
• 44:47
  Speaker 2: audience or appealing to a global audience.
• 44:50
  Speaker 4: So you know that.
• 44:51
  Speaker 2: I think that alone, given our sense of American exceptionalism
• 44:55
  Speaker 2: and that we're the shining beacon on the hill and
• 44:57
  Speaker 2: all this sort of thing, to see us ranking their
• 45:00
  Speaker 2: with Iran, Afghanistan, North Korea and then our great ally
• 45:03
  Speaker 2: Israel is uh should be pretty stunning. Uh.
• 45:06
  Speaker 4: Wake up call.
• 45:07
  Speaker 2: I think for a lot of Americans about how we
• 45:09
  Speaker 2: are viewed at this point, and justifiably not being out
• 45:12
  Speaker 2: of envy or blah blah blah, but because of the
• 45:14
  Speaker 2: way that we have conducted ourselves in the world, certainly
• 45:17
  Speaker 2: in this Trump administration, but as you point to the
• 45:19
  Speaker 2: Iraq War, going back further, I want to let me
• 45:22
  Speaker 2: let's jump ahead here for a moment to see five,
• 45:26
  Speaker 2: because this ties directly into like Israel's view in the
• 45:31
  Speaker 2: world and the way they've tried to manipulate the perception
• 45:34
  Speaker 2: of Israel on the global stage. So they there's this
• 45:38
  Speaker 2: contest called Eurovision where like countries compete with a pop
• 45:41
  Speaker 2: star and they have a song. I've never actually watched,
• 45:43
  Speaker 2: I've only seen some clips online. Is this more of
• 45:45
  Speaker 2: your European thing?
• 45:46
  Speaker 1: I have seen a movie Eurovision with Will Ferrell. That's
• 45:49
  Speaker 1: That's as close as I get to Eurovision.
• 45:51
  Speaker 4: Okay, there you go. Is it worth saying it's.
• 45:53
  Speaker 1: A funny movie. It's actually funny.
• 45:55
  Speaker 2: Okay, all right, So anyway, you can check that out
• 45:57
  Speaker 2: for a little bit of a tutorial on what exactly
• 45:59
  Speaker 2: Eurovision is. In any case, Israel found this to be
• 46:01
  Speaker 2: really important as they were conducting this genocide. They're like,
• 46:05
  Speaker 2: if we win the Eurovision contests, then people will stop
• 46:09
  Speaker 2: thinking that everyone in the world hates us. So New
• 46:12
  Speaker 2: York Times did this somewhat belated, but you know, kind
• 46:15
  Speaker 2: of significant investigation into whether or not Israel manipulated the
• 46:20
  Speaker 2: voting so that their star that they had representing their
• 46:25
  Speaker 2: country would come out on top. That person actually ended
• 46:27
  Speaker 2: up getting second place. But they went and they looked
• 46:30
  Speaker 2: and they're like, you know, in these countries like Spain,
• 46:33
  Speaker 2: where people really really hate Israel and are very pro Palestine,
• 46:37
  Speaker 2: somehow the Israeli artists one overwhelmingly in Spain. There were
• 46:42
  Speaker 2: other countries that they looked at that would be small
• 46:44
  Speaker 2: countries where only a few hundred votes would be required
• 46:46
  Speaker 2: to sway the vote in one direction or the other,
• 46:48
  Speaker 2: where lo and behold, they voted overwhelmingly for Israel. It
• 46:53
  Speaker 2: is known that Israel spent, you know, had a large,
• 46:55
  Speaker 2: significant budget to promote their Eurovision contender and to get
• 47:01
  Speaker 2: people to vote. Ntnyahoo himself posted a graphic that was
• 47:04
  Speaker 2: like vote twenty times for our superstar. So in any case,
• 47:09
  Speaker 2: the concerns that this contest was not above board, these
• 47:13
  Speaker 2: deep suspicions that Israel had in fact manipulated the vote
• 47:17
  Speaker 2: outcomes seem to have been completely vindicated here. And it's
• 47:20
  Speaker 2: just kind of a wild thing, a wild insight into
• 47:22
  Speaker 2: the way that they think. They're like, well, if we
• 47:26
  Speaker 2: are hated, rather than changing our behavior so that maybe
• 47:30
  Speaker 2: we're not seen as complete barbaric monsters, instead, we're just
• 47:34
  Speaker 2: going to rig the vote totals because that's totally going
• 47:37
  Speaker 2: to work, and that's totally going to change people's minds
• 47:39
  Speaker 2: about who we are and what we're up to and
• 47:41
  Speaker 2: how they feel about us.
• 47:42
  Speaker 1: Yeah, it really is.
• 47:44
  Speaker 3: It's amusing, but it's revealing, right. It's one of those
• 47:48
  Speaker 3: things where, by the way, at the time, like you said,
• 47:52
  Speaker 3: everybody kind of knew something was going on, but the
• 47:54
  Speaker 3: investigation about all of these diplomatic i mean, the level
• 47:58
  Speaker 3: of series as which they took, it's pretty crazy. Like
• 48:01
  Speaker 3: imagine us diplomats at the Secretary of State level going
• 48:06
  Speaker 3: around trying to rig a vote for like a game
• 48:09
  Speaker 3: show abroad. It's unthinkable, honestly.
• 48:12
  Speaker 2: Well, and it's ripping Eurovision apart because there's a big
• 48:16
  Speaker 2: push to get Israel banned. There was supposed to be
• 48:18
  Speaker 2: a vote on it, then the vote was pulled. So
• 48:22
  Speaker 2: you have a lot of countries that are unilaterally pulling
• 48:24
  Speaker 2: out and I think you have to like pay money
• 48:27
  Speaker 2: and participate, and that's part of their business model. So
• 48:29
  Speaker 2: it's actually threatens the entire Eurovision enterprise because of Israel
• 48:35
  Speaker 2: and their participation and their rigging of the results here.
• 48:38
  Speaker 3: How did they get into Eurovision in the first place?
• 48:40
  Speaker 3: You know, it doesn't make a lot of sense. Like
• 48:43
  Speaker 3: I'm just like, you know, look, no offense to them,
• 48:45
  Speaker 3: but it's like, you're clearly not in Europe, So what
• 48:47
  Speaker 3: exactly is going on here? Apparently they competed in Europe?
• 48:50
  Speaker 3: Was just this nineteen seventy three? Okay, I didn't even
• 48:53
  Speaker 3: know that. I you know, again, I'm not so familiar
• 48:56
  Speaker 3: with the show. But do they are other non European
• 48:58
  Speaker 3: nations in Eurovision? Like is this a common thing? And
• 49:01
  Speaker 3: if I know, what's the answering that question, what's the
• 49:04
  Speaker 3: point of calling it Eurovision is Turkey and Eurovision because
• 49:07
  Speaker 3: that would make actually more sense. But I'm sure, yeah,
• 49:10
  Speaker 3: probably not just my guess, my guess. I don't know
• 49:13
  Speaker 3: a ton, but.
• 49:14
  Speaker 4: I genuinely don't know the While.
• 49:16
  Speaker 1: You set up the next one, I'm gonna look.
• 49:18
  Speaker 2: Okay, all right, we can get to the bottom of
• 49:21
  Speaker 2: this Eurovision situation. So we had some updates for you. You
• 49:26
  Speaker 2: covered with Emily yesterday the Nick Christoph column detailing the
• 49:31
  Speaker 2: allegations of mass rape of Palestinian hostages being held by
• 49:37
  Speaker 2: the Israelis. And obviously this is a topic we've covered
• 49:40
  Speaker 2: in the past, based on reporting from the UN, reporting
• 49:44
  Speaker 2: from the Selam reporting.
• 49:45
  Speaker 4: You know, the video that we all watched of a.
• 49:48
  Speaker 2: Palestinian hostage being gang raped and then those rapists being
• 49:51
  Speaker 2: celebrated as national heroes, while the whistleblower who published the
• 49:55
  Speaker 2: vote the video was penalized and punished. So in any case,
• 50:00
  Speaker 2: Nick Christoph puts out this column, which is extensively documented.
• 50:04
  Speaker 2: He has some I think fourteen either eyewitnesses or victims themselves.
• 50:09
  Speaker 2: He uses that previous research by human rights organizations the UN,
• 50:15
  Speaker 2: that Zelham which is an Israeli organization to flash out
• 50:18
  Speaker 2: a picture that paints very compellingly once again that this
• 50:21
  Speaker 2: is a systematic abuse mechanism within Israeli prisons. And there
• 50:29
  Speaker 2: was obviously a huge Zionist backlash. And then there was
• 50:34
  Speaker 2: a rumor that was started by David Schuster who said
• 50:37
  Speaker 2: that he had heard that within the New York Times
• 50:40
  Speaker 2: there was such a backlash that they were going to
• 50:42
  Speaker 2: retract this column because it had so many problems that
• 50:46
  Speaker 2: appears to not have been true. Whatsoever, I could put
• 50:49
  Speaker 2: C two up on the screen. This is Christoph replying
• 50:53
  Speaker 2: to Schuster. Shuster Sweet originally said hearing from longtime friends
• 50:56
  Speaker 2: New York Times. There are already discussions, including up the
• 50:58
  Speaker 2: Mass had about retracting christoph column issues with source credibility
• 51:02
  Speaker 2: and lack of evidence, no indications the Christoph's sourcing mistakes
• 51:06
  Speaker 2: were deliberate, still problematic. Christoph replies, sorry, but your tweet
• 51:10
  Speaker 2: is completely untrue. Then, following that we could put C
• 51:14
  Speaker 2: three up on the screen, The New York Times also
• 51:16
  Speaker 2: came out and said there is no truth to this
• 51:19
  Speaker 2: at all. Christoph is a two time Politzer Prize winning
• 51:22
  Speaker 2: journalist who's reported on sexual violence for decades is widely
• 51:25
  Speaker 2: regarded as one of the world's best on the ground reporters,
• 51:27
  Speaker 2: documenting bearing witness to sexual abuse experienced by women and
• 51:30
  Speaker 2: men in war and conflict zones. He traveled to the
• 51:33
  Speaker 2: regional report firsthand on the stories of Palestinians who suffered abuse.
• 51:36
  Speaker 2: His article collects accounts in the victim's own words, backed
• 51:40
  Speaker 2: by independent studies. So that was from a spokesperson for
• 51:44
  Speaker 2: The New York Times. So this idea that it was, Oh,
• 51:48
  Speaker 2: it was so problematic, and there were all sorts of
• 51:50
  Speaker 2: issues within. It's going to get retracted. It appears to
• 51:53
  Speaker 2: be completely bunk. And all you need to know about
• 51:57
  Speaker 2: go and read Adam Johns's book, including the part called
• 52:00
  Speaker 2: How to Sell a Genocide, especially the part about what
• 52:03
  Speaker 2: an important role the New York Times played in buying
• 52:07
  Speaker 2: time among liberals for Biden to work hand in hand
• 52:11
  Speaker 2: with net Nyahu to proceed forward with this genocide. To
• 52:15
  Speaker 2: see the way that The New York Times has covered
• 52:18
  Speaker 2: Israeli actions in Gossa. If you really take that in,
• 52:22
  Speaker 2: you will understand what was certainly extraordinarily high level of
• 52:28
  Speaker 2: evidence that they required for this particular column to get published.
• 52:33
  Speaker 2: There is no doubt in my mind that the bar
• 52:36
  Speaker 2: was very, very high, as again evidenced by the fact
• 52:39
  Speaker 2: that he had so many victims, so many witnesses who
• 52:42
  Speaker 2: went you know, who were on the record, albeit anonymously,
• 52:46
  Speaker 2: to back up the assertions that were made in his story,
• 52:48
  Speaker 2: but soager.
• 52:49
  Speaker 4: Nevertheless, we had a total zion Is freak out.
• 52:51
  Speaker 2: We can put the this Israeli Ministry of Foreign Affairs,
• 52:56
  Speaker 2: of course, called it a blood libel.
• 52:58
  Speaker 4: This is a C three B.
• 53:00
  Speaker 2: New York Times chose to publish one of the worst
• 53:02
  Speaker 2: blood libels ever to appear in the modern press. Again, guys,
• 53:07
  Speaker 2: we have all seen the video of a Palestinian being
• 53:10
  Speaker 2: gang raped on camera, who suffered grave wounds that he
• 53:15
  Speaker 2: was treated for, and the way that those rapists were
• 53:19
  Speaker 2: turned into national heroes.
• 53:22
  Speaker 4: So you don't even believe this. You don't even believe this.
• 53:26
  Speaker 2: Yet, you know, for the Western world here, for the
• 53:29
  Speaker 2: American public, this is what they're trying to sell.
• 53:32
  Speaker 4: Let's go and put C three D out.
• 53:34
  Speaker 2: Of course, predictably, the free press doing their job here,
• 53:37
  Speaker 2: Anonymous sources, pro hamas activists, and shoddy biology all fed
• 53:41
  Speaker 2: into a dubious New York Times report. So we can
• 53:44
  Speaker 2: put this one in the category of their famine denial
• 53:47
  Speaker 2: and some of their other efforts to absolve is Israel
• 53:51
  Speaker 2: some of the crimes that they have committed. We've got
• 53:54
  Speaker 2: Scott Jennings here also getting in on the action, saying
• 53:57
  Speaker 2: the New York Times article in quotes about Israel such
• 54:00
  Speaker 2: a journalistic atrocity that I actually feel stupid reading it
• 54:04
  Speaker 2: out loud. If everyone of the New York Times who's
• 54:06
  Speaker 2: responsible for this is not fired, then the publication will
• 54:09
  Speaker 2: lose whatever shred of credibility it has left. It is
• 54:11
  Speaker 2: so wild to see these people inveigh and pretend that
• 54:15
  Speaker 2: there's some pro Palestine bias at the New York Times,
• 54:18
  Speaker 2: of all places. The evidence is just as clear as
• 54:21
  Speaker 2: it could possibly be that Israeli crimes were consistently downplayed,
• 54:26
  Speaker 2: Palestinian crimes were consistently emphasized and in certain instances invented,
• 54:33
  Speaker 2: as in the Beheaded babies hoax or the babies baked
• 54:36
  Speaker 2: in the oven hoax. And yet people like him and
• 54:39
  Speaker 2: other Zionists will tell you with a straight face that
• 54:41
  Speaker 2: it's Israel that is treated unfairly and poorly in the
• 54:45
  Speaker 2: Western press.
• 54:46
  Speaker 3: Yeah, I would be very willing to believe you know, oh,
• 54:48
  Speaker 3: you know, in terms of the clamor about journalistic standards
• 54:52
  Speaker 3: that maybe this was in good faith if they'd also
• 54:55
  Speaker 3: done that for other previous hoaxes. And yet that's not
• 54:59
  Speaker 3: the case whatsoever. It's like they demand Frank, look, I
• 55:03
  Speaker 3: said it yesterday. There's more evidence for this than there
• 55:05
  Speaker 3: was for that. It's just it's open and shut. You
• 55:09
  Speaker 3: can quibble a little bit with trying to understand how
• 55:12
  Speaker 3: something happened based on first hand accounts.
• 55:14
  Speaker 1: I get that, but a lot of the character.
• 55:16
  Speaker 3: Assassination and the freak out over this does not apply
• 55:19
  Speaker 3: whatsoever when it's the claims they're making about what happened
• 55:22
  Speaker 3: on October seventh. Just keep that in mind whenever you're
• 55:26
  Speaker 3: looking at all of this, and the fact that it
• 55:27
  Speaker 3: hasn't been retracted despite this immense amount of pressure, which
• 55:31
  Speaker 3: you know is at you know, a massive governmental level,
• 55:35
  Speaker 3: just demonstrates I think again, how look, and I said yesterday,
• 55:39
  Speaker 3: sue them then if it's if it's fake, the Israeli
• 55:42
  Speaker 3: government can sue, and then they can open up their
• 55:45
  Speaker 3: discovery process for how they really do conduct business, how
• 55:49
  Speaker 3: what really happened in the guards and everybody can be
• 55:52
  Speaker 3: deposed and the dogs. And if it's truly fake, then
• 55:56
  Speaker 3: just prove it. That's easy, right, it's always in the
• 55:59
  Speaker 3: opinion column. It has to be fake. Do it, then
• 56:02
  Speaker 3: no one's stopping you. You guys have unlimited resources, so
• 56:04
  Speaker 3: that should also be very very telling.
• 56:06
  Speaker 1: Whenever they threaten but they don't do anything.