Latest / Yaron Brook Show / Election Speech; ICE; Insider Trading; AI; Iran; Ukraine; Britain; Achievement | Yaron Brook Show

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Election Speech; ICE; Insider Trading; AI; Iran; Ukraine; Britain; Achievement | Yaron Brook Show · Yaron Brook Show

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Speaker 1: A lot of fund the principles I'll last, and an
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Speaker 1: individual loss.
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Speaker 2: This is the show, all right, everybody, welcome to you
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Speaker 2: one book show on this Friday, July seventeenth. Hope everybody
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Speaker 2: is having a great July, great week, almost weekend, almost weekend.
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Speaker 2: A couple of more hours we gives me good. Super busy,
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Speaker 2: super busy, preparing for the Peterston classes and h and
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Speaker 2: preparing for seminar on capitalism I'm doing with Don Watkins
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Speaker 2: in for business in Austin, Texas next week. So next week,
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Speaker 2: he's like, insane, I don't know how many shows we'll
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Speaker 2: be able to do next week. I'll keep you up
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Speaker 2: to date on that, but it doesn't look good. Let's
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Speaker 2: see what do we what do we? Yes, we are
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Speaker 2: talking about the news today. Any any updates? I don't
1:10
Speaker 2: really have any updates for you guys, so we uh
1:15
Speaker 2: we are here for that. All right, Let's talk about
1:24
Speaker 2: Trump's election speech last night. I mean, Trump's just you know,
1:30
Speaker 2: I know, I know you guys know this already, but
1:32
Speaker 2: Trump's just an embarrassment. That speech was an embarrassment. Uh.
1:37
Speaker 2: So he rambled on, uh, repeating himself, basically arguing for
1:45
Speaker 2: a new conspiracy reminds me a little bit of the
1:48
Speaker 2: Democrats attempt to to claim that, you know, there was
1:54
Speaker 2: Russian collusion in then in the twenty sixteen election, right,
1:58
Speaker 2: So that was shown to be bogus, But that was
2:04
Speaker 2: discussed a lot, and they kept pitching it, and they
2:09
Speaker 2: had documents and they had all this stuff to prove
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Speaker 2: that it was the case. And now Donald Trump has
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Speaker 2: a new version of that, a version of that that
2:21
Speaker 2: has more to do that has to do with the
2:22
Speaker 2: twenty twenty election. Right, the twenty sixteen conspiracy was supposed
2:27
Speaker 2: to explain why Donald Trump could beat Hillary Clinton. Well,
2:31
Speaker 2: now we have a conspiracy about how it is possible
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Speaker 2: for Biden to have beaten Trump. And that is not
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Speaker 2: only was the was just there was irregularities and voting
2:44
Speaker 2: and people who were supposed to vote voted and all
2:47
Speaker 2: that stuff. But it was all a Chinese conspiracy. It
2:51
Speaker 2: was all a Chinese conspiracy. And yeah, it's uh, you know,
3:02
Speaker 2: he says they're going to release files to show this
3:08
Speaker 2: that people within the intelligence services believe this. That sounds
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Speaker 2: exactly like the Russian conspiracy or people in the CIA
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Speaker 2: believe this. No uh, you know, no evidence In the
3:25
Speaker 2: speech really in the documents that will at least overnight,
3:29
Speaker 2: It doesn't seem to be any evidence of anything other
3:33
Speaker 2: than yeah, people wide about what China would do, but
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Speaker 2: it's it's it's likely they didn't do much they did.
3:40
Speaker 2: It does look like they did steal a lot of
3:44
Speaker 2: information about Americans. We know they do that all the time.
3:48
Speaker 2: That in and of itself should be a reason to
3:53
Speaker 2: view China with hostility rather than she is Trump's best friends.
3:58
Speaker 2: So if Trump believed what he said yesterday, right, if
4:03
Speaker 2: Trump believed what he said yesterday, how can he host
4:07
Speaker 2: she in the White House in September, roll out the
4:11
Speaker 2: red carpet and pretend he's his best friend? I mean, really,
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Speaker 2: if he took it seriously, If really she tried to
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Speaker 2: steal the election from Trump, If the Chinese stole two
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Speaker 2: hundred and ten I think million files about US citizens,
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Speaker 2: that's an act of war, almost right? Why are we so?
4:37
Speaker 2: I mean, it's two things. I don't think he really
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Speaker 2: believes it. And second, the idea of actually confronding somebody
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Speaker 2: in phone policy and actually stand up for American interests
4:50
Speaker 2: when it comes to China, when it comes to somebody
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Speaker 2: strong is beyond Trump. It is not something Trump can comprehend.
5:01
Speaker 2: So the whole thing is just was bizarre, and you know,
5:07
Speaker 2: and then he talks about, oh, you know something in
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Speaker 2: Michigan that it was horrific, that's all being investigated. There's
5:16
Speaker 2: very little there. All this is really I mean, look,
5:25
Speaker 2: if the Chinese did steal two hundred and ten million records,
5:27
Speaker 2: which I believe they did, I don't think that's inconsistent
5:32
Speaker 2: that the National Security Establishment should be taking very very seriously.
5:36
Speaker 2: And I'd like to know what is the President going
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Speaker 2: to do about it? And what is the Pentagon going
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Speaker 2: to do about it? And what is the NSA going
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Speaker 2: to do about it? And have we stolen you know,
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Speaker 2: what have we stolen from the Chinese? And the retaliation
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Speaker 2: why we shut down the computers in retaliation? What are
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Speaker 2: we doing VISAVI cyber VISA v China? If they have
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Speaker 2: that ability to penetrate, that should be the thing that
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Speaker 2: most Wabi's people coming out of his speech yesterday, the
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Speaker 2: election stuff is overall meaningless. That the information and data
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Speaker 2: that they released overnight that he said was going to
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Speaker 2: be a revolution is going to change everything was insignificant.
6:16
Speaker 2: And basically all this is is an attend by Trump
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Speaker 2: to set it up so that he can complain about
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Speaker 2: the twenty twenty six and then maybe the twenty twenty
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Speaker 2: eight elections when they happen, that is, if things don't
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Speaker 2: go his way. This is just because of it to
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Speaker 2: kind of soften us, to get MAGA ready, to get
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Speaker 2: MAGA the talking points. It's the Chinese. They stole the elections.
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Speaker 2: You know, the Democrats are pro China and we're anti China.
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Speaker 2: But how is he anti China when a month before
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Speaker 2: the mitchtum elections He's gonna lavishly host Chi and I'm
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Speaker 2: sure he's going to be super nice t see in Washington,
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Speaker 2: d C. How's he gonna present himself as the tough
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Speaker 2: on China. But the whole thing is just this administration
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Speaker 2: is unbelievably irrational, basically because Trump is completely irrational, and
7:23
Speaker 2: Trump has you know, it's not even very good at
7:27
Speaker 2: How do I how do I get these conspiracy theories
7:31
Speaker 2: to be part of the discussion out there? How do
7:35
Speaker 2: I prep the people for a a real objection to
7:39
Speaker 2: the election, because this is not gonna work. I mean,
7:42
Speaker 2: jad Evan's is much better at it, like Jdvan's and
7:44
Speaker 2: Rogan We're spewing conspiracy theory after conspiracy theory, have to
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Speaker 2: conspiracy theory, and doing it in a kind of authentic,
7:52
Speaker 2: you know, a PELACTIONI way. You know, I spoke to
7:55
Speaker 2: a friend and he suggested that, you know, maybe maybe
7:58
Speaker 2: that's true, maybe it works, maybe that can be you know,
8:01
Speaker 2: and just doing it in such a way. And of
8:04
Speaker 2: course he was doing it to Rogan and Rogan's audience,
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Speaker 2: who are happy to embrace any conspiracy theory thrown at them.
8:12
Speaker 2: Trump is like, it's like, it was my election I lost.
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Speaker 2: Isn't that tripe? It's the Chinese. It's the Chinese, they
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Speaker 2: stole it. And of course it's the same conspiracy theory
8:24
Speaker 2: the Democrats tried on him four years ago. Anyway, the
8:27
Speaker 2: whole thing is silly and superficial, but a real attempt,
8:35
Speaker 2: I think, to set an agenda for the coming elections,
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Speaker 2: and an agenda that will an agenda that will facilitate
8:45
Speaker 2: Trump saying the elections were stolen and maybe trying to
8:48
Speaker 2: overturn them again. I don't think he can get away
8:50
Speaker 2: with it, but this is an attempt at it. And
8:57
Speaker 2: you know, for a national Trump doesn't do a lot
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Speaker 2: of these addresses to the to the public. This was
9:07
Speaker 2: pretty lame. It was pretty lame. You know, almost all
9:12
Speaker 2: the allegations he made were either known or debunked already, right.
9:18
Speaker 2: You know, he claimed that the members of the US
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Speaker 2: intelligence community and others, you know deep states, the deep State,
9:25
Speaker 2: sought to hide the information about Chinese interferencing US election.
9:31
Speaker 2: Hundreds of pages of classified information that he released, you know,
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Speaker 2: don't show any of that, and they largely describe intelligence
9:41
Speaker 2: that everybody knew already. None of it was really you know,
9:46
Speaker 2: earth shadowing. And in the March of twenty twenty one,
9:52
Speaker 2: they were put by the and I see, the National
9:55
Speaker 2: Intelligence Council found that Beijing did not attempt to influence
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Speaker 2: the outcome of the election that they will consider and
10:00
Speaker 2: then decided not to. And there's nothing in these troph
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Speaker 2: of documents that will released that night that really should
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Speaker 2: change your mind about that. The information about the Chinese
10:15
Speaker 2: obtaining millions of US voter files that has been widely
10:21
Speaker 2: known to former US officials, although people are challenging that,
10:32
Speaker 2: but it's not new information. People have been talking about
10:35
Speaker 2: it for a long time. And then this idea that
10:40
Speaker 2: DHS identify tw hundred seventy eight thousand non citizens who
10:43
Speaker 2: registered to vote in federal elections but did not substantiate defining.
10:51
Speaker 2: There's no details in that, there's no proof that that
10:56
Speaker 2: is true. There's no proof they were not citizens. And
11:01
Speaker 2: then there's zero proof that any of them voted, and
11:06
Speaker 2: there's zero proof that if a few of them voted,
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Speaker 2: it had it affected the election. You know, in some
11:21
Speaker 2: cases the people who identified as non citizens were actually citizens,
11:30
Speaker 2: but the information had not been updated. They had become
11:34
Speaker 2: citizens since and the information had not been updated. In
11:37
Speaker 2: whatever they were checking against, meaningless stuff, and none of it,
11:44
Speaker 2: none of it can live up to scrutiny, real scrutiny.
11:51
Speaker 2: It's interesting to see how China responds. Right, this was
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Speaker 2: a pretty anti China kind of thing. Of course. Trump
12:02
Speaker 2: took the opportunity to threaten ABC and NBC, not by name,
12:07
Speaker 2: but but basically those television networks that didn't carry his
12:11
Speaker 2: speech live, you know, and his argument is that they're
12:22
Speaker 2: part of the plot about election fraud. He says, they
12:27
Speaker 2: want to continue this fard for whatever reason, they want
12:30
Speaker 2: to keep it going. They want to protect the radical left.
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Speaker 2: So you know, he suggested the FCC might have a look.
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Speaker 2: Fox did the speech Live. CBS did a part of it,
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Speaker 2: but didn't do the whole speech. Didn't do the whole speech,
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Speaker 2: and they actually they actually explained Trump's history of falsehoods CBS.
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Speaker 2: It's the CBS, Larry Ellison's he's a friend of Trump's, right,
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Speaker 2: and all of this was trying to push the Save
13:10
Speaker 2: America Act, this Voter ID Act, and look, I'm all
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Speaker 2: for voter I D make it simple, make it easy.
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Speaker 2: You just show that your name on the ID with
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Speaker 2: your picture state issued ID matches the voter records. That's
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Speaker 2: all you need. They want passports and they want both certificates,
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Speaker 2: and yeah, that's not going to happen. This is unlikely
13:36
Speaker 2: to save the the to save the Save America Act.
13:40
Speaker 2: It's not going to convince anybody. Nobody's going to change
13:43
Speaker 2: their mind because of this. So yeah, Save America Act
13:47
Speaker 2: is dead and no attempt, no speech by Trump is
13:52
Speaker 2: gonna is going to get it back going. He didn't
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Speaker 2: mention Georgia, which was a big focal of his claims
14:00
Speaker 2: about fraud, didn't come up, partially because he knows it's bogus.
14:05
Speaker 2: It's been checked and it's been tested. And of course
14:13
Speaker 2: after the speech, Departum of Homeland Security Secretary Mullen says,
14:18
Speaker 2: he's gonna chase voter fard. He's gonna, he's gonna find it.
14:21
Speaker 2: He's gonna chase it. He's gonna And this is the
14:24
Speaker 2: problem with the people we have in the Trump administration today.
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Speaker 2: Whereas in twenty twenty, when Trump told the Justice Survivement
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Speaker 2: to go after the voter fard, the Justice Department came
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Speaker 2: back and said, I forget the name of the of
14:36
Speaker 2: the Attorney General said there was no voter forud. Trump
14:39
Speaker 2: that there's no there there he had to resign ultimately.
14:41
Speaker 2: And with today's people in the positions that they are in,
14:49
Speaker 2: they're gonna give Trump what he wants. They're gonna find
14:52
Speaker 2: fraud even if there's none. And this is the danger
14:57
Speaker 2: of how they will overturn elections is they will go
15:01
Speaker 2: in and they will they will claim this fard and
15:03
Speaker 2: they will challenge elections and they Bar was, yes, bar
15:07
Speaker 2: was the name of the Attorney general. Thanks for reminding me.
15:11
Speaker 2: But now you have you have people who will just
15:13
Speaker 2: say yes sir, and go and do what he tells
15:15
Speaker 2: them to do. They'll find faud where there's no fault.
15:18
Speaker 2: They'll challenge elections. They'll question everything, they'll drag out counts,
15:22
Speaker 2: they'll drag it in front of the courts. The Supreme
15:25
Speaker 2: Court will have to intervene. I mean, the next few
15:28
Speaker 2: elections are going to be decided by the courts. That's
15:31
Speaker 2: the outcome, all right. So yeah, I thought it would
15:41
Speaker 2: be more sophisticated. I thought that people preparing the speech
15:48
Speaker 2: would have more subtle hints at how and where they're
15:55
Speaker 2: going to challenge voting come November. The speech was a
16:01
Speaker 2: was a really a non event in the end. It
16:05
Speaker 2: it it nothing new, nothing interesting, and nothing that I
16:10
Speaker 2: think will hold. I mean, the scary part the people
16:14
Speaker 2: in the Justice Department, the people at the bottom Homeland security,
16:18
Speaker 2: and the potential of using ice. That's the scary part.
16:23
Speaker 2: And none of that really came up. None of that
16:25
Speaker 2: was an issue yesterday in the speech. All right, just
16:33
Speaker 2: a quick update on ice. So it turns out that
16:37
Speaker 2: the ice officer who shot, who shot the who shot
16:44
Speaker 2: a person to death in Maine. It was a few
16:49
Speaker 2: days ago, a week ago, has a history of mental
16:53
Speaker 2: health issues and a history of violent behavior. He's an
17:01
Speaker 2: Army venturer who struggled with serious mental health issues since
17:05
Speaker 2: early childhood. And you know, his ex wife who he
17:11
Speaker 2: called to ask to vouch for him, said she wouldn't
17:14
Speaker 2: and then she has not vouched for him. She said
17:17
Speaker 2: he's unstable. And this suggests I think pretty strongly that
17:26
Speaker 2: whatever vetting ICE is doing, it's not very thorough, it's
17:32
Speaker 2: not very systematic. Who are these new recruits. They're hiring
17:37
Speaker 2: thousands of people, They're putting them through very fast training,
17:47
Speaker 2: and we've got a bunch of potentially you know, crazy
17:53
Speaker 2: people with a badge, with masks, with guns and with
18:00
Speaker 2: the authority to stop people, question them and potentially shoot them.
18:04
Speaker 2: Because we still don't know if they're going to be
18:06
Speaker 2: any charges followed against it. So you know, I supposedly
18:16
Speaker 2: the twelve thousand agents have been rushed into streets and
18:23
Speaker 2: they're not accountable so far, and the vetting seems to
18:29
Speaker 2: be pretty pretty lousy, pretty lowsy. So everything everything we
18:34
Speaker 2: assumed about ICE from Minneapolis is coming true. I mean,
18:38
Speaker 2: we're just seeing it. We're just seeing it in more
18:41
Speaker 2: vivid reality. Remember, ICE has huge amounts of money, I
18:44
Speaker 2: mean huge amounts of money that they got from the
18:49
Speaker 2: Senate bill and Republicans have approved massive quantities of money
18:53
Speaker 2: and they haven't yet all got body cams. They're not
18:56
Speaker 2: getting trained properly. They are hiring lots of less of people.
19:02
Speaker 2: I mean, twenty million dollars was approved separately just for
19:07
Speaker 2: expanded use of body cams. Two million dollars was approved
19:13
Speaker 2: for de escalation training. Can you imagine ice de escalation training?
19:22
Speaker 2: My guesses that never happened. So yeah, we'll see. I'm
19:31
Speaker 2: still waiting to see what happens to this agent and
19:36
Speaker 2: how it's dealt with, and how it's dealt with, and
19:39
Speaker 2: if any if DHS is willing to take any lessons
19:44
Speaker 2: from this Rember. Initially, DHS said will stop traffic stops
19:49
Speaker 2: because our people are not trained to do them, which
19:51
Speaker 2: they're not, and then Trump perversed that the next day.
19:55
Speaker 2: So they're still going to do traffic stops even though
19:57
Speaker 2: DHS is admitted that they're not trained for it. So yeah,
20:08
Speaker 2: everything I said about Ice months ago is true, and
20:14
Speaker 2: I still think I should be disbanded. You can have
20:18
Speaker 2: a border and custom agency that patrols the border, make
20:24
Speaker 2: sure people don't cross it illegitimately, and that I guess
20:28
Speaker 2: screens customs, make sure you pay your tariffs without having
20:33
Speaker 2: a paramilitary force roaming the streets of America, really at
20:41
Speaker 2: positioning themselves in many respects above the law, really without
20:47
Speaker 2: without a without any kind of checks and balances. Talk
20:56
Speaker 2: about checks and balances. It does out that Trump's teleprompter operator,
21:06
Speaker 2: the people who operate the teleprompter, has now been put
21:10
Speaker 2: on unpaid leave after it's reported that he used his
21:16
Speaker 2: you know, he gets the speeches, the information that he
21:20
Speaker 2: has to put up on the teleprompter before the president
21:23
Speaker 2: actually delivers it. So he has I don't know, minutes
21:26
Speaker 2: hours before the president delivers his message to trade on
21:32
Speaker 2: that information, and he did, he did. It turns out
21:37
Speaker 2: that he used this inside of knowledge, this you know,
21:41
Speaker 2: advantage early on to actually make bets about the president's
21:49
Speaker 2: you know, based on what the president was going to
21:51
Speaker 2: say on the online prediction market. Kaushi. It turns out
21:59
Speaker 2: that Cash the you know, the chief enforcement I guess
22:04
Speaker 2: the enforcement chief. No, sorry, she actually contacted the federal
22:12
Speaker 2: regulators about bets that seemed to be inside information and
22:19
Speaker 2: related to Trump's public speeches. Now, maybe people thought it
22:24
Speaker 2: was Trump doing it or people close to Trump. Well,
22:28
Speaker 2: it turns out that maybe it's the Teleponnter operation of
22:36
Speaker 2: course the White House is saying. This is from Levett,
22:39
Speaker 2: the Press Secretary. She says, the White House is extremely
22:42
Speaker 2: strict ethical guidelines with respect to issues like this. They
22:49
Speaker 2: don't like it when people outside of the Trump family
22:52
Speaker 2: trade on inside information. That is not allowed. That is
22:55
Speaker 2: clearly the ethical guidelines. Unless you are a member by
23:00
Speaker 2: by biology of the Trumps or the wick Coffs, right
23:06
Speaker 2: other wi Coffs. We have to include the wick Coffs,
23:09
Speaker 2: you are not allowed to trade on the inside information.
23:12
Speaker 2: Is that clear to you people? So if you get
23:15
Speaker 2: inside information about what Trump's doing and you're not a
23:17
Speaker 2: member of the tribe Trump put whitcoff tribe, you can't
23:23
Speaker 2: trade on can't trade on it. Now, it turns out
23:28
Speaker 2: that this guy, Gabriel Perez the teleprompter is one over
23:34
Speaker 2: one hundred thousand dollars betting on what the president would
23:37
Speaker 2: say in big speeches. Compare that to the two billion
23:42
Speaker 2: dollars the Trump and Trump's family have gained from basically
23:48
Speaker 2: trading on favors and inside information. And yeah, this is
23:53
Speaker 2: not an administration that can say we have high ethics
23:57
Speaker 2: and we expect people to behave that way. You know,
24:00
Speaker 2: if the people on top of the organization are cheating.
24:05
Speaker 2: Why shouldn't everybody, Why shouldn't everybody? And here's here's how
24:13
Speaker 2: unbelievably arrogant these people are. Just to give you a
24:17
Speaker 2: sense of this. So truth Social is the platform that
24:23
Speaker 2: releases all of the Trumps tweets, statements, commentary, but announcements
24:31
Speaker 2: about what's gonna happen, what he's going to do, what
24:33
Speaker 2: he intends, all of that. He does it all through
24:35
Speaker 2: truth Social. It is like the White House Press releases. Anyway.
24:43
Speaker 2: True Social, owned by Donald Trump, is supposedly planning to
24:48
Speaker 2: charge for a special high speed access to truth Social posts.
24:55
Speaker 2: So it's just like with the teleprompter. You'll get to
24:58
Speaker 2: see the posts before they delivered, before he posts them,
25:01
Speaker 2: before everybody else sees them. Now, these are post affecting
25:07
Speaker 2: national security, affecting financial markets, trade agreements, who's in who's out,
25:13
Speaker 2: maybe even deals with American companies. Who what steak is
25:17
Speaker 2: going to take in American company? When all information that
25:22
Speaker 2: is easily tradable. I mean imagine, if you know you're
25:31
Speaker 2: a hedge fund, I would definitely subscribe to this service
25:37
Speaker 2: and then trade on the information before it happens, before
25:40
Speaker 2: everybody else hears about it, so you would get it
25:47
Speaker 2: in milliseconds. You were trained in the AI to figure
25:50
Speaker 2: out what it means and immediately trading on that information
25:53
Speaker 2: before the rest of the world saw the tweet. And
25:59
Speaker 2: of course Donald Trump, donald Trump himself, his company would
26:06
Speaker 2: be paid for that paid for it. I mean, this
26:14
Speaker 2: is selling expedited, privileged access to information about what he
26:18
Speaker 2: is doing as president. It's this is brazen corruption. It's
26:27
Speaker 2: exploiting his position to enrich himself in a way that
26:32
Speaker 2: it's just, it's just it buggles the mind that anybody
26:35
Speaker 2: would even consider this. Now you know that this room
26:40
Speaker 2: quote has given him a degree of immunity that he
26:44
Speaker 2: thinks covers all this stuff. I would like to see this,
26:48
Speaker 2: something like this tested in the courts. But you know this,
26:56
Speaker 2: this would be insane if this went ahead. So we'll see.
27:09
Speaker 2: It's not how much customers will be charged. They should
27:12
Speaker 2: a lot of money. It's worth a lot of money.
27:16
Speaker 2: But remember Trump announces almost everything on to social and again,
27:25
Speaker 2: it's so corrupt that if any president in history has
27:30
Speaker 2: suggested something like this, people would be apoplectic, they would
27:34
Speaker 2: be crazy, and this would be highlighted everywhere, everywhere, and
27:47
Speaker 2: you can barely find any information about this because people
27:50
Speaker 2: are so used to stories about Trump corruption that nobody's
27:53
Speaker 2: that interested. Nobody's that interested. There's a law, by the way,
28:05
Speaker 2: on the books that boss US governor officials from owning
28:08
Speaker 2: a company that profits from the official from the office
28:12
Speaker 2: by sending access to the decision through public posts. I
28:17
Speaker 2: mean conflete dementious laws would bother this, but Trump has
28:23
Speaker 2: completely ignored it and continues to ignore it. And this
28:26
Speaker 2: would be so explicit that I think I don't think
28:29
Speaker 2: the courts would autom to ignore it. Anyway. The Trump
28:34
Speaker 2: administration always breaking new ground, breaking new ground when it
28:40
Speaker 2: comes to when it comes to the how corrupted is
28:49
Speaker 2: Let's see, all right, let's stuck about a lot to
28:56
Speaker 2: say here, really, I mean, so chip stocks are down
29:02
Speaker 2: quite a bit. Technology stocks generally are down, but chip
29:06
Speaker 2: stocks are down a lot, and they're down not just
29:08
Speaker 2: in the United States, down across the board in spite
29:10
Speaker 2: of historic levels of demand for chips. And generally you're
29:16
Speaker 2: seeing AI stocks being very volatile. You're seeing a certain
29:21
Speaker 2: uncertainty about the open eye and and and and andthropic
29:26
Speaker 2: I POS initial public offerings a lot of angst and
29:30
Speaker 2: and a lot of the market is trying to figure
29:32
Speaker 2: this all out, and and there's something real to figure
29:36
Speaker 2: out here, so you know, for example, and and this
29:41
Speaker 2: actually came out after the UH, after chip stocks already hooding,
29:48
Speaker 2: and then they started hooting even more so. A Chinese
29:51
Speaker 2: group has just put out a a AI uh you know,
30:02
Speaker 2: it's a it's a new Chinese group. It's a startup
30:04
Speaker 2: called Moonshot. It's released something called Kimmy k three, Kimmy
30:08
Speaker 2: Kra three, and today it's the China it's China's largest
30:15
Speaker 2: Chinese company's largest AI model, and they released the benchmark results,
30:23
Speaker 2: and according to the benchmark results, this model upperforms Anthropic's
30:27
Speaker 2: latest cloud Opens four point eight, maybe not Mythos, but
30:31
Speaker 2: Opens four point eight, and it beats open Eyes GPT
30:34
Speaker 2: five point five on most coding and general AI agent benchmarks.
30:44
Speaker 2: It's not quite as good as Fable, which is the
30:47
Speaker 2: most powerful model in Anthropic put out, but it's not
30:51
Speaker 2: far behind. And the thing is that it's really really
31:02
Speaker 2: really cheap, really really really cheap. So it's a little
31:10
Speaker 2: behind GPT five point six. It's a little behind Fable,
31:15
Speaker 2: but o Mythos, but it's doing phenomenally well, why would
31:30
Speaker 2: you pay then a huge amount of money these days,
31:38
Speaker 2: if you're a company and you're using AI a lot
31:41
Speaker 2: toanthropic or to open AI, when you can pay a
31:46
Speaker 2: lot less to run one of these Chinese models. And
31:53
Speaker 2: because these open source models, which means the models have
31:58
Speaker 2: open weights, means that it can be more easily customized
32:04
Speaker 2: for users' preferences. And then not being restricted by the
32:15
Speaker 2: US government, like Mythos was restricted because it could find
32:21
Speaker 2: too many easily, it could hack answer too many software systems,
32:25
Speaker 2: so it's been restricted. Very few people have access to Mythos.
32:31
Speaker 2: But if you can, if you can get an open source,
32:37
Speaker 2: open source AI, you're not gonna be restricted by the
32:41
Speaker 2: US government anytime soon. And it's a lot cheaper, and
32:46
Speaker 2: you have a lot more flexibility, a lot more flexibility.
32:54
Speaker 2: And then there's another question, and that question is how
32:59
Speaker 2: are the Chinese doing it? Because here's the point. The
33:04
Speaker 2: whole idea of building out these massive data centers that
33:08
Speaker 2: are costing hundreds and hundreds of billions of dollars is
33:15
Speaker 2: that you need that kind of computing power in order
33:20
Speaker 2: to get these models to be better and better and better.
33:24
Speaker 2: And these data centers that are being built are using
33:28
Speaker 2: the most advanced chips in the world, in Vidia's latest
33:32
Speaker 2: and greatest. And here's the reality, China doesn't have access
33:38
Speaker 2: to in Vidia's latest and greatest. So how are these
33:42
Speaker 2: models being trained? How can these models be as good
33:47
Speaker 2: as the best US models when they don't have access
33:54
Speaker 2: to the best chips and they don't have access to
33:57
Speaker 2: these massive data centers. And even if they're cheating, somehow
34:04
Speaker 2: so cheating in the sense of building their models based
34:10
Speaker 2: on information they can glean from the US frontier models.
34:19
Speaker 2: I mean, this puts into question the Nvidia chips, as
34:23
Speaker 2: valuable as we think they are, the Chinese are somehow
34:28
Speaker 2: matching out technology without them. Are they about to will
34:33
Speaker 2: these chips that are just as effective? Or is the
34:38
Speaker 2: claim that in order to develop frontier models you don't
34:40
Speaker 2: need the most advanced chips. Is it possible, and this
34:46
Speaker 2: is going through I think investors' minds right now. Is
34:49
Speaker 2: it possible we're over investing in data centers. Is it
34:54
Speaker 2: possible we're over investing in the most advanced chips and
34:59
Speaker 2: they won't be needed. I mean, I don't have an answer.
35:04
Speaker 2: I'm just saying these are the questions, and those questions
35:06
Speaker 2: are leading people to say to themselves, well maybe maybe
35:16
Speaker 2: maybe right we're overvaluing these ship companies. Maybe maybe maybe
35:24
Speaker 2: we are overvaluing data centers and we're building too many
35:30
Speaker 2: of them. So you know, we will see again. I
35:42
Speaker 2: mean these models, these models of various companies. There's z
35:47
Speaker 2: dot AI and there's the model that Deep seek. If
35:51
Speaker 2: you remember a few years ago, those models, you know,
35:57
Speaker 2: they haven't kept up with the beat, the American models
36:02
Speaker 2: originally and then they couldn't keep up. Will this one
36:07
Speaker 2: be able to keep up? And then? But the main
36:09
Speaker 2: thing is just the cost, the amount of tokens used.
36:13
Speaker 2: The cost of the tokens. These systems are significantly cheaper.
36:18
Speaker 2: So then the question is how much is AI, Open
36:21
Speaker 2: AI and a Topic worth given that they're going to
36:25
Speaker 2: face competition from each other plus Gemini plus whatever Microsoft
36:30
Speaker 2: has up its sleeve, plus whatever Apple happens up its sleeve,
36:35
Speaker 2: and Apple is teamed up with Gemini, so maybe that
36:37
Speaker 2: are boost Gemini plus what Xai el musks from has
36:43
Speaker 2: up its sleeve. So there's already intense competition in the
36:48
Speaker 2: United States between these affrontier companies. Intense competition, So how
36:55
Speaker 2: much can you charge when competition is so intense. We
37:00
Speaker 2: know what competition does. It reduces prices and increases increases value,
37:08
Speaker 2: increases if ee caciousness, but it also reduces the profit.
37:18
Speaker 2: It reduces profit margins. So open AI and you know
37:23
Speaker 2: andthropic are going to go out in massive valuations and
37:26
Speaker 2: people have to be asking themselves are they really valued
37:29
Speaker 2: at this? Their technology is great, it's the best in
37:31
Speaker 2: the world. But can they make a profit off of it? Is?
37:39
Speaker 2: What is the revenue model? If competition is constantly driving
37:44
Speaker 2: prices down, where do they make money? Can they create
37:49
Speaker 2: a network effect and everybody will be using theirs? Because
37:53
Speaker 2: but it doesn't seem that way. And now add on
37:55
Speaker 2: to the four maybe five big players or maybe even
37:59
Speaker 2: more big players in the United States, what about these
38:06
Speaker 2: Chinese models to keep getting better and much much, much cheaper.
38:16
Speaker 2: Do we ban Chinese models? So it's to protect the
38:19
Speaker 2: AI USAI industry? Is that the political path the way
38:26
Speaker 2: to keep open the eye? And this is what will happen,
38:28
Speaker 2: right if if the Trumpet administration actually takes a ten
38:32
Speaker 2: percent steak in open the Eye and a five percent
38:40
Speaker 2: steak oh, every much that they's taken open the eye
38:42
Speaker 2: and a topic will then the Trumpet administration have a
38:48
Speaker 2: strong incentives to ban the Chinese models. Should we banned
38:53
Speaker 2: Chinese models for real authentic national security reasons? How do
38:59
Speaker 2: you establish what's a real authentic given the the the
39:03
Speaker 2: complete clusion, you know, conflict here of incentives. So if
39:09
Speaker 2: you're watching the market and you're saying, what is going on,
39:12
Speaker 2: it's uncertainty. We just don't know. AI is going to
39:17
Speaker 2: change the world. But there's a second question. Who's going
39:22
Speaker 2: to make money for me I? American companies, Chinese companies,
39:29
Speaker 2: chip manufacturers ASML, who makes the thing that makes the chips?
39:36
Speaker 2: But even there, if China has an alternative method to
39:39
Speaker 2: make very advanced chips, ASML is in trouble, who's going
39:44
Speaker 2: to make the money? You know again gold Rush? Most
39:48
Speaker 2: of the money in gold Rush was made by people
39:51
Speaker 2: who sold picks and shovels. And you know one company
39:55
Speaker 2: that made a fortune during the Gold Rushers, Levi's jeans
40:00
Speaker 2: became still aw you know, something everybody wears. But we're
40:05
Speaker 2: designed for the Gold Rush for going out into the
40:08
Speaker 2: minds and digging out. So what are the what are
40:12
Speaker 2: the Levi genes of the Ai Revolution? Who is about
40:17
Speaker 2: to make a fortune. Really interesting, really interesting questions. And
40:24
Speaker 2: this is what the market is trying to figure out.
40:26
Speaker 2: Bench capitalists are trying to figure this out. Uh. Private
40:30
Speaker 2: equity is trying to figure this out. And you know
40:35
Speaker 2: all the financial instruments financial world. Where do we make investments,
40:38
Speaker 2: where do we put our money? Do we build out
40:41
Speaker 2: lots of infrastructure for data centers? Are they really needed? Uh?
40:47
Speaker 2: And what is the value of opening eye andthropic What
40:50
Speaker 2: is the value of all these things? And how do
40:51
Speaker 2: we how do we estimate it? Yeah? I mean this
40:57
Speaker 2: is what David Sachs writes. David Saxon was the ai
41:02
Speaker 2: ZA in the Trump administration. This is concerning I don't know.
41:07
Speaker 2: You know, for the first time a Chinese model, Kimmy
41:10
Speaker 2: K three has taken has it taken number one on
41:14
Speaker 2: the front End code arena and is scoring at ONEA
41:19
Speaker 2: the Frontier and other benchmarks. Meanwhile, America is tying itself
41:24
Speaker 2: in knots. Politicians and bureaucrats are banning new data centers,
41:28
Speaker 2: piling on state regulations, and pushing for new federal agencies
41:33
Speaker 2: to preapproved Fontier models. This is how you lose ai
41:37
Speaker 2: raise the rest of the world won't play, won't play
41:41
Speaker 2: by our rules if we bog ourselves down. Permissionless innovation
41:47
Speaker 2: is how America won the Internet, and because the technological
41:51
Speaker 2: envy of the world, it became the technological envy of
41:53
Speaker 2: the world. We can do it again with AI while
41:56
Speaker 2: addressing risks in a targeted way, or watch our lead evaporate.
42:01
Speaker 2: Now I'm less concerned about the lead and more concerned
42:04
Speaker 2: about the technology, the development, advancement, the progress. But David
42:10
Speaker 2: Sacks is absolutely right. I don't see that often, but
42:14
Speaker 2: here he is absolutely right. It's permissionless innovation. Bench capitalists
42:21
Speaker 2: didn't ask for permission who to invest in. They built
42:24
Speaker 2: the infrastructure they needed. They build fiber optics everywhere, and
42:28
Speaker 2: if anything, Congress helped by doing some limited granted deregulation
42:35
Speaker 2: to facilitate the Internet revolution. We should be deregulating permits
42:42
Speaker 2: to build data centers. We should be making a thousand
42:45
Speaker 2: times easier to build data centers all across the country.
42:49
Speaker 2: Make it much much easier to build power plants so
42:52
Speaker 2: we can provide electricity to the data centers and for
42:54
Speaker 2: all of us and the electric cars that are coming
42:57
Speaker 2: one day. Maybe instead regulators constraining limiting, and we're talking
43:08
Speaker 2: about more regulations. There's a moratorium building new data centers
43:13
Speaker 2: in New York, and on and on and on it goes.
43:20
Speaker 2: So while the market is trying to figure out who's
43:21
Speaker 2: going to make the money, what we need our politicians
43:25
Speaker 2: to do is really, really really get out of the way.
43:30
Speaker 2: Let the markets do their magic, Let investors create, build,
43:35
Speaker 2: make change the world. Markets are going to be volatile.
43:41
Speaker 2: It's a new technology. Uncertain again who makes the money,
43:46
Speaker 2: and volatility is part of it. It's necessary part of
43:50
Speaker 2: it and needs to happen. The smarter money, the more
43:54
Speaker 2: knowledgeable money, needs to come in and take risks and
44:01
Speaker 2: it will as prices adjust. Get politics out of it,
44:09
Speaker 2: get regulators out of it. If they risks, address them
44:13
Speaker 2: on a case by case basis. And by the way,
44:14
Speaker 2: any risk that is true of a frontier model produced
44:17
Speaker 2: by opening air and andthropic is a risk that probably
44:22
Speaker 2: exists with the Chinese models. And yet the Chinese models
44:27
Speaker 2: there's a sension which you can't regulate them once they're
44:29
Speaker 2: open because they open source, because I can host a
44:33
Speaker 2: model on my on my you know, mac Minnie and
44:41
Speaker 2: play them out with it, and you the government have
44:43
Speaker 2: no access to it. You can't shut it down. You
44:47
Speaker 2: can shut down my access to Anthropic because it's it's
44:49
Speaker 2: on a jet on a service someway. But if I
44:53
Speaker 2: put if I put these agents, and I put these ai,
44:59
Speaker 2: I go with them on my computer on a server
45:03
Speaker 2: in my home, you don't have access to it. See, yes,
45:11
Speaker 2: they're gonna be risks. We're just gonna have to live
45:14
Speaker 2: with the risks as we've lived with the risk of
45:17
Speaker 2: any new technology. And what we need is hands off
45:21
Speaker 2: and real competition, all right, warn Iran. So the essence continues,
45:30
Speaker 2: the bomb as strategy seems to be emerging or mini strategy,
45:37
Speaker 2: and that is the US is clearly dedicated right now
45:40
Speaker 2: to doing what it can to destroy Iran's capabilities along
45:47
Speaker 2: the shore of the Persian Gulf and particularly in the
45:52
Speaker 2: narrow part of the strait of Homo's Narrow to eliminate
45:56
Speaker 2: the capabilities to obstruct shipping, and that means taking out
46:00
Speaker 2: radars and MISSIF facilities and boats and and but also,
46:05
Speaker 2: and this is the new thing, which is very positive.
46:08
Speaker 2: New thing is they're trying to isolate the coastal Aia
46:12
Speaker 2: from the rest of you on so that they can't
46:15
Speaker 2: be shipping in more munitions and they can't be shipping
46:20
Speaker 2: in food stuff and things like that. And so they
46:23
Speaker 2: are bombing, bombing right now around the major port cities
46:29
Speaker 2: and in particular the the the city of what's it
46:34
Speaker 2: called Bubbel or something, I won't say it, Bunda Abbas,
46:41
Speaker 2: particularly around Bunda or Abbas, which has a major port.
46:46
Speaker 2: They're trying to take out all the land roads, roads, bridges,
46:49
Speaker 2: rail so nothing can come in and nothing can go out. Supposedly,
46:55
Speaker 2: in addition to that, the United States is finally going
46:59
Speaker 2: after finally, I say, because this should be done week
47:02
Speaker 2: one the port facilities in these ports to make it
47:06
Speaker 2: impossible for Uranians the input and export. Even if ships
47:11
Speaker 2: could get through the blockade, the US is boarding ships,
47:19
Speaker 2: taking ships out. So the series about the blocade, which
47:22
Speaker 2: is good, and they continue to blow up stuff on
47:28
Speaker 2: the coast. Now again, this is exactly what I suggested
47:33
Speaker 2: on Week one because and it's not because I'm smart,
47:37
Speaker 2: it's because it's kind of obvious this is what you do.
47:41
Speaker 2: And it's a lack of strategy, lack of emphasis, lack
47:43
Speaker 2: of focus on the straight that prevented the US from
47:47
Speaker 2: doing this, and the fact that Trump didn't think they
47:49
Speaker 2: would close, and even when they closed, didn't want to
47:51
Speaker 2: develop a strategy around it. So the US now has
47:57
Speaker 2: struck Uranians for six nights in a row, and there
48:00
Speaker 2: were some day operations yesterday as well. They have degraded
48:05
Speaker 2: Iran's you any capacity again on the shore significantly. And
48:15
Speaker 2: the question, of course now is where do you go
48:18
Speaker 2: from here? What do they do now? There are rumors
48:22
Speaker 2: that the US is considering invading Crag Island and taking
48:26
Speaker 2: Crag Island. I mean, okay, but that doesn't stop, That
48:29
Speaker 2: doesn't open the state of Homoes. It elevates the conflict,
48:33
Speaker 2: and it puts ground troops in it. It creates opportunities
48:37
Speaker 2: for casualties. But it's a it's not even an economic
48:41
Speaker 2: chokehold in the short run on Yuon because Uron's not
48:44
Speaker 2: exploring any putting oil right now anyway, because we've blockaded them.
48:49
Speaker 2: So it doesn't strike me as that is the most
48:51
Speaker 2: important strategic target. I would much prefer, for what it's worth, right,
49:00
Speaker 2: I would go after those islands that are right in
49:03
Speaker 2: the strait. There are a number of islands, small and
49:05
Speaker 2: large right on the Strait of Homos from which they
49:09
Speaker 2: launched their attacks on the shipping. Those are the islands
49:13
Speaker 2: the should be taken. The United States still has marines
49:18
Speaker 2: in the area, They still have amphibious boats. They can
49:24
Speaker 2: take the marines on shore. They still have the airborne troops.
49:30
Speaker 2: They can invade an island and take it. So that
49:34
Speaker 2: is all that is all set in place. As of now.
49:40
Speaker 2: Transit in the States of Homos is basically shut down.
49:44
Speaker 2: It's at the lowest level in three weeks. It's back
49:47
Speaker 2: to what it was much more like during the war.
49:52
Speaker 2: Fifteen ships crossed the strait on Wednesdays, So maybe it's
49:55
Speaker 2: a little higher than during the war, but remember one
49:58
Speaker 2: hundred and thirty asso ships cost before the war started,
50:03
Speaker 2: and it was up to like forty to fifty I
50:05
Speaker 2: think you know during the cease fire and outs under fifteen.
50:09
Speaker 2: The US has not opened the Strait of Homos in
50:11
Speaker 2: spite of what Trump keeps saying over and over and
50:13
Speaker 2: over again, and we'll see what happens. What the US
50:19
Speaker 2: is not doing as well bombing Tehran, they seem to
50:25
Speaker 2: be bombing some strategic places, not bombing nuclear facilities. They're
50:29
Speaker 2: not bombing storage facilities of a ballistic missiles. With a
50:34
Speaker 2: few exceptions, they're focused really on that southern part, that
50:38
Speaker 2: southern south western part of Yuan that is adjacent to
50:43
Speaker 2: the Persian Gulf and is particularly adjacent to the Strait.
50:49
Speaker 2: In the meantime, the Ranians are responding by going after,
50:54
Speaker 2: you know, everything that moves in Quait, particularly Quait. But
51:01
Speaker 2: you know, the Ranians have claimed that they've attacked US
51:05
Speaker 2: positions in Syria, Quait, Oman, Bahrain, and Jordan. We know
51:10
Speaker 2: for sure about Quait, you know, and we know that
51:16
Speaker 2: certainly a few days ago they attacked Jordans, so maybe
51:20
Speaker 2: they've attacked all those facilities. They claimed that they attacked
51:23
Speaker 2: a US position in Syria that caused large casualties of
51:29
Speaker 2: American troops. Again, you know, we haven't seen you haven't
51:34
Speaker 2: seen evidence of any of that. That seemed just to
51:37
Speaker 2: be any Iranian made up claim, as they do on
51:41
Speaker 2: a regular basis. Let's see what else did they have here? Yeah,
51:48
Speaker 2: the Avanians have started going after a desalination plans, so
51:54
Speaker 2: they hit their first day salination plan in Quait, significant
51:58
Speaker 2: damage the desalination plan, and of course that is the
52:02
Speaker 2: biggest risk in the region. The biggest risk right now
52:07
Speaker 2: is to desalination plants and Quate. About ninety percent of
52:11
Speaker 2: drinking water comes from desalination. Eighty six percent of the
52:16
Speaker 2: drinking water in Oman and seventy percent of the drinking
52:18
Speaker 2: water in Saudi Arabia all come from desalination. The Saudis,
52:23
Speaker 2: in particular, have some large cities. This is the only
52:28
Speaker 2: source of water. Take out desalination plants and there's no water.
52:33
Speaker 2: There literally is no water. I don't know if they
52:35
Speaker 2: have any reservoirs, if they have any margin for error
52:42
Speaker 2: there are. I suppose the hundreds of desalination plants along
52:46
Speaker 2: the Persian Gulf all within reach of Uranian ballistic missiles
52:50
Speaker 2: and drones. I assume the Gulf states all have the latest, greatest,
52:58
Speaker 2: you know, drone anti drone technology that the Ukrainians might
53:00
Speaker 2: have supplied them. Ballistic missiles are harder because they're not
53:05
Speaker 2: enough Patriot missiles out there. But you know, you'd think
53:12
Speaker 2: that this would be the focal of protection. Is these
53:17
Speaker 2: desalination plants and maybe pop plants. So we will see.
53:22
Speaker 2: Iwan accused the US of striking Uanian decellation plant plants
53:27
Speaker 2: on Custom Island on March eight, cutting off supplies for
53:30
Speaker 2: thirty villages. That's exactly what needs to happen. Custom island
53:34
Speaker 2: needs to become uninhabitable. The islands that are in the
53:40
Speaker 2: state of Homos need to become uninhabitable, and then they
53:44
Speaker 2: need to be occupied by US forces. And part of
53:48
Speaker 2: their way to do that take out their power plants,
53:50
Speaker 2: take out the desalination plants, and do whatever you can
53:54
Speaker 2: to diswupt life over there. The Hutis have targeted a
54:02
Speaker 2: Saudi desalination plant on the Red Sea. I think. So,
54:10
Speaker 2: you know, the battle now is over water, not so
54:13
Speaker 2: much over oil because but much more over water, which
54:16
Speaker 2: is the crucial elements in all of us. The Iranians
54:21
Speaker 2: in the meantime threatening to have the Hooties close off
54:25
Speaker 2: the Red Sea, to close the strait that where ships
54:30
Speaker 2: enter the Red Sea. That's another ten of global trade
54:33
Speaker 2: that goes through there. They would close the two major
54:36
Speaker 2: straits in the Middle East. So far the Hooties haven't
54:42
Speaker 2: done it. Maybe they are afraid of what will happen
54:45
Speaker 2: to them if they do, but so far they haven't
54:48
Speaker 2: done it. But that is an excel escalation. The Uranians
54:52
Speaker 2: are basically realized the shutting down global trade is the
54:56
Speaker 2: most or disrupting dramatically in global trade is the most
55:01
Speaker 2: powerful weapon. It's the way to get Trump's attention, and
55:05
Speaker 2: they're using that. They're using that to great effect. All right,
55:18
Speaker 2: of course, Trump yesterday told the American people, we are
55:22
Speaker 2: likewise winning big, bigly in Iran, and you will see
55:27
Speaker 2: the fruits of that labor very very shortly. We will see.
55:29
Speaker 2: But I am, I am, I am. It's too slow,
55:33
Speaker 2: But I am positive about this foco on the straight.
55:41
Speaker 2: The problem, of course, then becomes, you know, do the
55:47
Speaker 2: Raniance capitulate without you attacking Tehran, without your tacking out leadership,
55:52
Speaker 2: without you really threatening leadership directly? Do the Ranians capitulate?
55:57
Speaker 2: And what does capitulation mean? And when the Ranians to
56:00
Speaker 2: the table and want a deal, Doesewers rush to the
56:02
Speaker 2: table to give them anything they want because they want
56:05
Speaker 2: this over with Because in the meantime, Congress doesn't want
56:12
Speaker 2: to provide military funding for this. Again, Trump has never
56:15
Speaker 2: made the case, never gone to Congress and made the case.
56:19
Speaker 2: So Congress is like, you're asking for an extra ninety
56:22
Speaker 2: five billion dollars, We don't want to give it to you.
56:26
Speaker 2: And even Republicans are willing to vote against it. And
56:32
Speaker 2: in the meantime, oil keeps ticking up, going up a
56:36
Speaker 2: little bit every day, A little bit went up earlier
56:40
Speaker 2: today by two percent. So longer this takes, and I'm
56:45
Speaker 2: not sure why it's taking so long. Why not be
56:48
Speaker 2: why not bring in the big guns, the b ones,
56:50
Speaker 2: the B fifty two's, the B twos and and and
56:53
Speaker 2: really really some some some big bombs and and really
56:59
Speaker 2: take them, take the uranius to task along that shore,
57:03
Speaker 2: just you don't destroy it. And we're still mostly attacking
57:11
Speaker 2: at night. You know, Israel was freely flying over you
57:15
Speaker 2: on during the day. Why the Americans hesitant to fly
57:18
Speaker 2: during the day. I think it's because Trump is so
57:21
Speaker 2: afraid to have another pilot shot down, remember the pilot
57:24
Speaker 2: shot down. He's so afraid to have another pilot shot down.
57:28
Speaker 2: And I guess they handheld. I don't know. I don't
57:33
Speaker 2: know what it is about day time versus nighttime flying
57:35
Speaker 2: that makes such a big difference. But they're mainly flying
57:38
Speaker 2: at night. I think it's because more anti aircraft assets
57:45
Speaker 2: can be used during the day than during the night.
57:47
Speaker 2: And Trump is just a fate, just a fad, all right.
57:56
Speaker 2: But we will see what happens with the the funding
58:00
Speaker 2: request of the Defense Department because again, a number of
58:05
Speaker 2: Republicans don't want to approve it, don't want to improve it.
58:12
Speaker 2: You know, Rand Paul for example, will not vote for this.
58:16
Speaker 2: He's anti Woo. So who do you get, Maybe you
58:20
Speaker 2: get what's his name, Federal on the Democrats to vote
58:23
Speaker 2: for it. But there's some other Republicans, particularly the Republicans
58:26
Speaker 2: of Trump is pissed off by supporting their primary, the
58:31
Speaker 2: primary opponents that might just vote against. It's just a
58:35
Speaker 2: pissed drop boff. And the same is true in the
58:41
Speaker 2: House of Representative. I don't think Trump has the votes,
58:45
Speaker 2: which is pathetic. This is why we don't live in
58:51
Speaker 2: a dictatorship. We don't live in a monarchy. We live
58:57
Speaker 2: in a place that we're in a country where you
59:01
Speaker 2: are a representation of republic, where you have to rally
59:05
Speaker 2: the representatives to your cars, you have to convince, you
59:11
Speaker 2: have to argue four and it's all the things that
59:15
Speaker 2: Trump is very very bad at. He's good at threatening.
59:20
Speaker 2: But there are a number of sentences now who leaving
59:24
Speaker 2: the Senates and who don't care about Trump's threats. He
59:29
Speaker 2: created that as well. All right, I want to remind
59:33
Speaker 2: you that two hundred and fifty dollars is kind of
59:35
Speaker 2: the minimum. It's the first hour goal. We're two hundred
59:38
Speaker 2: and we just hit the first hour. So looking for
59:42
Speaker 2: more twenty dollars and above questions. We have Michael who's
59:47
Speaker 2: asked two, four, six, eight questions and basically we've got
59:54
Speaker 2: ten questions of all, so Michael has asked eighty percent
59:56
Speaker 2: of the questions. Don't Michael lonely out there asking all
1:00:01
Speaker 2: the questions. So come in with your own questions and
1:00:06
Speaker 2: if you can't make them twenty or fifty bucks, that
1:00:08
Speaker 2: will be huge. So we can get to our target
1:00:12
Speaker 2: one to fifty dollars question. We'll get us to our
1:00:13
Speaker 2: first hour target at least. All right, let's see all
1:00:23
Speaker 2: of the same, all right, Just to come a quick
1:00:27
Speaker 2: international story, so you know, the political story in Ukraine
1:00:33
Speaker 2: is significant and interesting. I'm not familiar with internal politics
1:00:41
Speaker 2: of Ukraine enough to really comment extensively onmin it, but
1:00:45
Speaker 2: something is happening there. Is Zelensky just fired his prime
1:00:48
Speaker 2: minister and has appointed a new prime minister. But even
1:00:53
Speaker 2: more important from the perspective of some Ukrainians at least,
1:00:58
Speaker 2: is the Zelenski fired his defense minister, who'd only been
1:01:03
Speaker 2: in office for six months. The defense mister Minister mik
1:01:09
Speaker 2: Kahili Fedorov was a didn't come from the traditional defense industry,
1:01:23
Speaker 2: didn't come from the military leadership, was young and entrepreneurial
1:01:29
Speaker 2: and really really focused on rethinking strategy, rethinking military procurement,
1:01:40
Speaker 2: bringing an entrepreneurial flavor to the defense industry. And a
1:01:44
Speaker 2: lot of people in Ukraine have credited him for kind
1:01:48
Speaker 2: of the turnaround in the war and the ability of
1:01:51
Speaker 2: Ukraine to attack deep inside Russian territory and the deployment
1:01:56
Speaker 2: of these robots on the front lines. And he got
1:02:01
Speaker 2: a lot of credit for the successes that are happening.
1:02:04
Speaker 2: And it's not clear exactly why he is being fired.
1:02:08
Speaker 2: I mean, the the rumors are that he didn't get
1:02:11
Speaker 2: along with the generals who are more conservative, more old line,
1:02:19
Speaker 2: more driven by we need boots on the ground than
1:02:24
Speaker 2: driven by by by the tech innovations. So supposedly the
1:02:28
Speaker 2: relationship between thirty five year old photo of and General Sewisky,
1:02:34
Speaker 2: who is the sixty year old command of the Ukrainian
1:02:37
Speaker 2: Armed Forces was not good. Sisky had started his military
1:02:42
Speaker 2: career in the forms of reunion, and you know, basically
1:02:53
Speaker 2: it was not tenable to have them both. So, you know,
1:02:59
Speaker 2: as Olinsky was kind of I think supposedly this relationship
1:03:05
Speaker 2: was so broken that something had to give in Zelenski
1:03:08
Speaker 2: thought it would be easier and better to get rid
1:03:11
Speaker 2: of his defense secretary than to get rid of his lead.
1:03:14
Speaker 2: General Photoov, as I said, is credited for pushing forward
1:03:18
Speaker 2: Ukraine's innovative drone technology and has brought advantages to the
1:03:24
Speaker 2: you know, significant advantages to the battlefield, both in terms
1:03:28
Speaker 2: of flying drones but also in terms of the robots
1:03:30
Speaker 2: with machine guns. He who has given credit for transforming
1:03:35
Speaker 2: Ukraine into a global tech leader and a defense powerhouse.
1:03:40
Speaker 2: So it's a little weird that he's out given how
1:03:43
Speaker 2: much he's contributed. What has happened, though, is that as
1:03:48
Speaker 2: he was kicked out, they are now demonstrations, They are
1:03:51
Speaker 2: actual protests in the streets of kid you know, science
1:03:58
Speaker 2: say don't ruin something that works, and people arguing that
1:04:03
Speaker 2: you shouldn't replace an effective lead and manage Federov. Federov
1:04:07
Speaker 2: might turn out to be a political opponent in a
1:04:10
Speaker 2: future elections to Zelensky. We'll see, he's young, he's charismatic, uh,
1:04:16
Speaker 2: and uh, you know, it's hard to tell was Zelenski's
1:04:23
Speaker 2: alternate motivation was and why he chose Zewski the general
1:04:29
Speaker 2: over over photo of I don't know. I don't know.
1:04:34
Speaker 2: In the meantime, he's appointed an interim Defense Secretary who hopefully,
1:04:39
Speaker 2: according for Zelensky anyway, will be approved by the legislature.
1:04:45
Speaker 2: His name is Jemhan khal Mom and he's a He's
1:04:48
Speaker 2: a major former major general. He was uh head of
1:04:56
Speaker 2: the state's security Service, a highly regarded spe operations expert.
1:05:02
Speaker 2: To take over, it's not exactly clear, you know what
1:05:09
Speaker 2: what karma his attitude is towards all the innovation and
1:05:16
Speaker 2: whether he will be able to rein in or bring
1:05:19
Speaker 2: that modernization and bring the leverage the success photo of
1:05:25
Speaker 2: hat with the with the drones and the and the
1:05:30
Speaker 2: cruise missiles, leverage that in a way that will that
1:05:36
Speaker 2: will enhance Ukrainian military. So he will have the job
1:05:39
Speaker 2: of doing two things, one sustaining the technological and manufacturing edge,
1:05:44
Speaker 2: while at the same time finding ways to work with
1:05:48
Speaker 2: the military. With this guy Servisky, Serviski, who is who's
1:05:53
Speaker 2: old school? Who is old school? I think it's good
1:05:59
Speaker 2: that he was a special forces guy. He led, he
1:06:02
Speaker 2: led the Elite Alpha Special Forces Unit. Uh. These are
1:06:06
Speaker 2: the people who came up with that operation where they
1:06:08
Speaker 2: put drones deep into Russia in trucks and then unleashed
1:06:13
Speaker 2: them on on Russian Air Force basis deep inside of Russia,
1:06:18
Speaker 2: which was a pretty amazing operation. He was in charge
1:06:21
Speaker 2: of that. So he's clearly somebody who can think outside
1:06:24
Speaker 2: the box. He's clearly something somebody who's innovative, who sees
1:06:27
Speaker 2: the value in technology, and hopefully that he will continue
1:06:32
Speaker 2: photo ofs uh, you know, push along those lines uh
1:06:37
Speaker 2: into the future. But it's hard to tell sometimes why
1:06:40
Speaker 2: Zelensky does what he does internally, what drives him exactly politically?
1:06:45
Speaker 2: What what what is the what is the political thing
1:06:48
Speaker 2: that that really drives him? All right, let's see, yeah, quickly,
1:06:58
Speaker 2: we have a new about to have on Monday and
1:07:00
Speaker 2: you prime minister in the UK. The Keith Starmer has
1:07:07
Speaker 2: basically resigned and Andy Burnham has been was elected with
1:07:12
Speaker 2: declared Labor Party leader on Monday, well declared yesterday and
1:07:18
Speaker 2: we'll become party will become prime minister on Monday. Andy
1:07:21
Speaker 2: Burnham has a long history in Labor Party British politics,
1:07:27
Speaker 2: but became famous from being a successful mayor of Manchester,
1:07:33
Speaker 2: the industrial town in the North city, industrial city, no
1:07:36
Speaker 2: town in the north of England. And you know, we
1:07:41
Speaker 2: will see now he is coming in and he has
1:07:46
Speaker 2: the support of labor lawmakers. He's very popular among them.
1:07:51
Speaker 2: He went three hundred seventy nine or four hundred and
1:07:53
Speaker 2: three labor labor lawmakers basically you know, vote for him
1:08:00
Speaker 2: or supported him. He is it's not clear what his
1:08:07
Speaker 2: agenda really is. He claims to be business friendly, but
1:08:14
Speaker 2: once the nationalize a bunch of stuff there was privatized
1:08:17
Speaker 2: under Thatcher. His agenda economic agenda is to blame Thatcher
1:08:22
Speaker 2: for everything that's gone wrong and to try to reverse
1:08:25
Speaker 2: what Thatcher did. H nineteen seventies Britain was not a
1:08:32
Speaker 2: good place. Massive brain drain, massive loss of standard living,
1:08:38
Speaker 2: quality of life, high inflation, dark unions, holding the government hostage.
1:08:45
Speaker 2: Just not a good place. It was much worse than
1:08:49
Speaker 2: than Britain is today. That seems to be where Andy
1:08:52
Speaker 2: Bonham wants to take button back. But then he says
1:08:54
Speaker 2: he's business friendly, so nobody knows what that means up
1:08:59
Speaker 2: in order to appe he's the radical left. He is
1:09:04
Speaker 2: super anti Israel. So if you thought kissed Starmer was
1:09:09
Speaker 2: anti Israel. This guy much was very anti, very anti Israel.
1:09:15
Speaker 2: He's also trying to capture the Muslim vote, which is
1:09:19
Speaker 2: all gone to the Green Party. The Green Party is
1:09:23
Speaker 2: now the Pope Palestinian programas Islamist place that Islamist vote for.
1:09:31
Speaker 2: I guess labor parties trying to get some of the
1:09:33
Speaker 2: votes back from them by going all in on the
1:09:36
Speaker 2: anti Israel agenda. So this is bad for Israel, probably
1:09:40
Speaker 2: bad for everybody in the UK, you know. But he
1:09:45
Speaker 2: is Andy Burnhammer's more charismatic. He's not a kind of
1:09:47
Speaker 2: a kind of a dopey Kiostarmer. He rejects all of
1:09:54
Speaker 2: British politics from you know, from basically from from Margaret
1:10:01
Speaker 2: Thatcher through the Blair era through you know, through all
1:10:05
Speaker 2: the way through Keith Stammer. He wants he wants to
1:10:08
Speaker 2: reverse everything that happened back then. He wants to reverse
1:10:12
Speaker 2: privatization and the industrialization. He thinks industry is gonna come
1:10:15
Speaker 2: back to the UK. Dream On, baby, ain't happening. You
1:10:22
Speaker 2: either double down on finance and services in London or
1:10:25
Speaker 2: you are cooked. I say this to my British friends,
1:10:31
Speaker 2: you are cooked. London is the only thing keeping you afloat.
1:10:35
Speaker 2: Only thing keeping you afloat all right, a few a
1:10:42
Speaker 2: few human achievement stories to end the news segment for today.
1:10:50
Speaker 2: A company called Auxilium Biotechnologies says that it is used
1:10:57
Speaker 2: in what it's called an MP one bioprint, a bioprinter.
1:11:03
Speaker 2: It's like a three D printer with using biological material.
1:11:08
Speaker 2: So it's used as bioprinter to produce kidney, liver and
1:11:12
Speaker 2: cottilage tissue abroad the International Space Station, as well as
1:11:19
Speaker 2: twenty eight implants intended for never repay research. Because there's
1:11:26
Speaker 2: micro gavity on the International Space Station, it allows for
1:11:31
Speaker 2: delicate biological structures to form without collapsing under their own weight,
1:11:37
Speaker 2: potentially improving their manufacture of complex tissues. Now, this is
1:11:43
Speaker 2: still very experimental and it's really demonstration of capabilities, and
1:11:51
Speaker 2: we're not ready yet for the three D printing of
1:11:54
Speaker 2: transplantable organs that come from space. But these amples are
1:12:00
Speaker 2: not going to be returned. They're going to be analyzed,
1:12:03
Speaker 2: and you could imagine a future, maybe a distant future,
1:12:06
Speaker 2: maybe a sci fi future, but still a future in
1:12:10
Speaker 2: which we have massive manufacturing plants, biological manufacturing plants in
1:12:15
Speaker 2: space that produce bioprint organs for transplant that are sent
1:12:25
Speaker 2: back to Earth to be implanted in human beings. That's
1:12:31
Speaker 2: the future, and this is I want to keep re
1:12:34
Speaker 2: enforcing this idea. The more we embrace the permissionless society,
1:12:42
Speaker 2: the more we embrace capitalism and freedom, the faster the
1:12:47
Speaker 2: future happens like something like this. Yeah, it could happen
1:12:52
Speaker 2: fifty years and now, or it could happen ten years now.
1:12:55
Speaker 2: And the difference is huge in life saved, in lives extended,
1:13:00
Speaker 2: in quality of life huge. And this is just one
1:13:04
Speaker 2: of a thousand different things. I mean, the beauty right
1:13:07
Speaker 2: now is, in spite of the mixed economy, is the
1:13:10
Speaker 2: thousands of entrepreneurs all over the world really going in
1:13:13
Speaker 2: all kinds of different directions, coming up with new ideas,
1:13:15
Speaker 2: pushing pulling in all kinds of new areas. And most
1:13:19
Speaker 2: of them, ninety plus percent of them will fail. But
1:13:24
Speaker 2: the few that don't will change the world. And the
1:13:29
Speaker 2: question is do we want to make it easy and
1:13:32
Speaker 2: do we want to multiply those or do we want
1:13:35
Speaker 2: to make it hard and make them few and you
1:13:40
Speaker 2: know only a few, right? I want them multiply. I
1:13:48
Speaker 2: want to happen quickly. All right. Remember a few weeks
1:13:57
Speaker 2: ago we talked about a nuclear program getting getting what
1:14:04
Speaker 2: do you call it, achieving criticality? I think it was
1:14:08
Speaker 2: called achieving criticality, and it was. It was a huge,
1:14:14
Speaker 2: a huge event because this is part of the pilot
1:14:17
Speaker 2: program of Trumpe deministrations introduced to try to speed up
1:14:20
Speaker 2: the development of nuclear reactors. Well now, phone react to
1:14:23
Speaker 2: projects in the Energy Department's pilot program achieved fueled zero
1:14:30
Speaker 2: power criticality, meaning each sustained a controlled nuclear chain reaction.
1:14:37
Speaker 2: These projects included Energy PWR five, Nature in Netua Resources
1:14:44
Speaker 2: Mark one, val Atomics Ward two fifty, and l Atomics
1:14:50
Speaker 2: l X. Criticality validates core physics and engineering. It doesn't
1:14:56
Speaker 2: mean these reactors are licensed power plans of producing commercial electricity,
1:15:00
Speaker 2: but this is a crucial step to getting there. We
1:15:05
Speaker 2: got four distinct private designs added to the one that's
1:15:10
Speaker 2: already been critical, gone critical, and now they go to
1:15:14
Speaker 2: the next step. They go to the step of trying
1:15:18
Speaker 2: to get commercial, trying to become power plants. But finally
1:15:23
Speaker 2: something's happening again. It happened so much faster without all
1:15:28
Speaker 2: this regulatory burden and with in a permissionless environment. All right,
1:15:38
Speaker 2: uh yeah, this one, this one's kind of really cool.
1:15:41
Speaker 2: Falcon nine. Falcon nine, the rocket that SpaceX uses to
1:15:46
Speaker 2: take stuff into space, has just recorded its six hundred
1:15:51
Speaker 2: flights by a reused booster. So this is the great
1:15:57
Speaker 2: innovation of SpaceX. Reuse boosters cutting the costs of sending
1:16:03
Speaker 2: stuff into space dramatically. What is it ninety something percent? Now,
1:16:10
Speaker 2: so SpaceX pasted six hundred launchers involving previously flown Falcon
1:16:15
Speaker 2: nine first stages during two starlink missions on July fourteenth.
1:16:21
Speaker 2: The two boosters were making their fifteenth and twenty eighth flights.
1:16:26
Speaker 2: The fleet record for a booster is thirty six. Of course,
1:16:31
Speaker 2: the number matters because the more they can be used,
1:16:37
Speaker 2: the lower the cost. And you know this is this
1:16:43
Speaker 2: is going to be this is huge, This is huge.
1:16:48
Speaker 2: You know how far can we go? How far can
1:16:49
Speaker 2: this be taken? All right, guys, that is then use
1:16:55
Speaker 2: on this July seventeenth. Thank you to all of you
1:16:59
Speaker 2: for being here, and we will shift now to out
1:17:05
Speaker 2: super chat. As I said, not a lot of questions
1:17:09
Speaker 2: makes me Michael dominates. We got one or two other
1:17:11
Speaker 2: additional ones, but that's it. I'll remind you to like
1:17:14
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Speaker 2: very close to forty three thousand, on our way to
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Speaker 2: forty five. Ultimately fifty but yeah, ultimately a million, but
1:17:53
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Speaker 1: You're already there. All right, let's see.
1:18:40
Speaker 2: I'm an institute hosting a conference in Austin, Texas, September
1:18:44
Speaker 2: eleventh to thirteenth. They're looking for anybody under the age
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Speaker 2: of thirty five who wants to study objectivism, wants to
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Speaker 2: be serious about objectivism, and you can apply for a
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Speaker 2: scholarship basically free. It'll be a great confidences over a weekend,
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Speaker 2: out with him, you ask them questions, You'll you know,
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Speaker 2: your the meals together, coffee, bricks together, and then of
1:19:11
Speaker 2: course classes there will be lectures. It'll be a it's
1:19:14
Speaker 2: a great weekend, you know. Uh, you should apply for
1:19:18
Speaker 2: the scholarship. What what's what? What do you have to lose?
1:19:20
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1:19:23
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Speaker 2: information about that on Ironman dot oak, slash ybs Ironman
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Speaker 2: dot oak slash ybs, uh, Defenders of Capitalism, Defenders of
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Speaker 2: authority in the world on all things now. He just
1:20:22
Speaker 2: published he just went to Congress to talk about AI.
1:20:26
Speaker 2: I don't know if you've seen his testimony in front
1:20:28
Speaker 2: of Congressional Congress on AI and AI data centers. It
1:20:31
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Speaker 2: there was another, Mary Ellen, thank you, Adrie fifty dollars,
1:21:33
Speaker 2: Thank you. Adri really appreciate that. And Bonnie, thank you
1:21:38
Speaker 2: so thank you all for your stickers. Hopefully of the
1:21:42
Speaker 2: people watching right now we'll get a few more. That'd
1:21:45
Speaker 2: be cool. Maybe gets We're only twenty two dollars away
1:21:50
Speaker 2: from a one hour goal. Let's make it least that.
1:21:53
Speaker 2: At least that all right, Andrew, thank you for the
1:21:59
Speaker 2: fifty all question. Andrew really appreciate it. A repugnant epistemological
1:22:04
Speaker 2: aspect to the Ten Commandments is in schools? Is teaching
1:22:10
Speaker 2: principles by edict instilling kids an arbitrary method of thinking Epistemologically,
1:22:17
Speaker 2: a transition from honor your parents to obey thy leader
1:22:22
Speaker 2: is pretty smooth. Yes, and noou shalt not make what
1:22:27
Speaker 2: it's something images. Why no sculpture, no paintings not allowed. Yeah,
1:22:35
Speaker 2: the commandments their instructions. They're not reasoned arguments. They're not
1:22:44
Speaker 2: proposed ethical code where the value to you is explained.
1:22:54
Speaker 2: They are from a scary being up there in the
1:22:56
Speaker 2: sky who might send you to hell, and therefore you
1:23:00
Speaker 2: must follow, you must obey, you must do your duty.
1:23:06
Speaker 2: So you know, it's not that far off to having
1:23:10
Speaker 2: a subordinate leader between this world and that world, representing
1:23:15
Speaker 2: that guy up there that you must be obedient too.
1:23:20
Speaker 2: So yes, it is the epistemology of commandment, the epistemology
1:23:24
Speaker 2: of submission, the pistemology of duty, which is what is
1:23:30
Speaker 2: represented by the tin commandments, and that is unbelievably destructive
1:23:35
Speaker 2: to a young mind. It is exactly the opposite of
1:23:38
Speaker 2: what you want to be teaching at school, which is
1:23:42
Speaker 2: you want to be teaching the pistemology of induction, the
1:23:45
Speaker 2: epistemology of reason, the pistemology of discovery, discovery for yourself
1:23:53
Speaker 2: through thinking, using your mind. And yeah, but up there,
1:24:02
Speaker 2: it's basically pointing at you and saying, obee, do as
1:24:05
Speaker 2: you're told. Here are the commandments. Eric says this may
1:24:14
Speaker 2: be a silly question. Somebody once said, they're no silly questions,
1:24:18
Speaker 2: only silly answers. They are silly questions sometimes anyway. But
1:24:23
Speaker 2: if you had to say one thing to Americans that
1:24:25
Speaker 2: side with Iran, what would you be, Well, it's certainly
1:24:28
Speaker 2: not a silly question. One thing to Americans who side
1:24:33
Speaker 2: with you on Yeah, Iran represents everything that this country
1:24:41
Speaker 2: stands against. Iran represents theocracy. It represents rejection of the
1:24:51
Speaker 2: entire American Enlightenment project. It represents the opposite of the
1:24:57
Speaker 2: Founding Fathers, the opposite of the right to life, liberty
1:25:01
Speaker 2: in the pursuit of happiness. And as a consequence to that,
1:25:06
Speaker 2: Iran represents an existential threat to the lives of Americans.
1:25:10
Speaker 2: Maybe not to the existence of America, but soly to
1:25:14
Speaker 2: the lives of America. It has already killed hundreds of Americans.
1:25:20
Speaker 2: And if it ever gets a nuke, and if it
1:25:23
Speaker 2: ever builds an ICBM, look at how much fear and
1:25:27
Speaker 2: destruction they are causing just with simple ballistic missiles. If
1:25:33
Speaker 2: those blistic missiles had nukes on them, imagine what could
1:25:35
Speaker 2: happen if those blistic missiles could reach America or Europe.
1:25:39
Speaker 2: Imagine what could happen. Iran is a major I'd say,
1:25:46
Speaker 2: in terms of immediacy, the number one threat to America
1:25:54
Speaker 2: and to its values, to America and to its allies.
1:25:59
Speaker 2: And America should do everything in its power and as
1:26:01
Speaker 2: quickly and thoroughly and as cheaply as possible, cheaply in money,
1:26:06
Speaker 2: but mostly cheaply in lives of Americans to destroy rich
1:26:12
Speaker 2: regime and bring about regime change. That's what I would say.
1:26:17
Speaker 2: I wish the president would say that. Wouldn't that be cool?
1:26:23
Speaker 2: All right, We've got like eight Michael questions. Thank you? Michael.
1:26:30
Speaker 2: Has every presden since Calvin Coolidge had fascist leanings? No,
1:26:35
Speaker 2: I mean, I don't call them fascists. They I mean
1:26:38
Speaker 2: you could if you wanted to. But I'd say they
1:26:40
Speaker 2: were all statists, and certainly they had status leanings. And
1:26:45
Speaker 2: even Calvin Coolidge had in certain realms stated leanings. He
1:26:50
Speaker 2: was very pro taris and very anti immigration, and pasted
1:26:54
Speaker 2: laws applying to both that were status essentially status. So
1:27:00
Speaker 2: I'd call these presidents status rather than fascist versus socialist versus.
1:27:05
Speaker 2: I mean, these are all just variations on the same theme.
1:27:09
Speaker 2: They all want to stay to have a bigger role
1:27:11
Speaker 2: in your life, How bigger role in what way? They
1:27:14
Speaker 2: vary a little bit, but they want the state to
1:27:16
Speaker 2: have a role, So they're all statists. Michael is iran
1:27:23
Speaker 2: eroting irrationality in the culture or not in any significant
1:27:27
Speaker 2: way at the moment. I don't think in any significant
1:27:29
Speaker 2: way in the moment. It's certainly eroding it for particular people.
1:27:34
Speaker 2: Uh and and and certainly has had an influence of
1:27:36
Speaker 2: people in certain industries in the past. So it's it's
1:27:40
Speaker 2: it's the world is better than it otherwise would be
1:27:44
Speaker 2: given eye ran, but it's it's still culture wide as
1:27:50
Speaker 2: a cultural phenomena, it's still not that significant, Michael says.
1:27:58
Speaker 2: Mondonny proposed is blocking New York City landlords from requiring
1:28:02
Speaker 2: both income proof and credit and price and credit checks. Yeah,
1:28:04
Speaker 2: I mean he doesn't recognize the property rights of landlords.
1:28:08
Speaker 2: He wants to eat away at it in any way
1:28:10
Speaker 2: possible without just taking the property away from them, because
1:28:15
Speaker 2: that would be a takings and that wouldn't that would
1:28:18
Speaker 2: there would be a problem constitutionally. So, but regulations are okay,
1:28:23
Speaker 2: So he wants to regulate them to death, and of
1:28:28
Speaker 2: course he'll destroy the rental market in New York City.
1:28:30
Speaker 2: And rents, and the situation of renters will be worse
1:28:35
Speaker 2: in a few years than it is right now. But
1:28:38
Speaker 2: all this plays well with his people. All this plays
1:28:41
Speaker 2: well with renters. They you know, they think this is
1:28:43
Speaker 2: going to save them somehow. No, this is destructive and harmful,
1:28:48
Speaker 2: and you will feel that home later, not now, but
1:28:52
Speaker 2: you will fill that home. Michael, if you ever retied completely,
1:28:58
Speaker 2: do you think you would get bored? Unlikely that I
1:29:03
Speaker 2: ever get bored. There's always stuff to do. There's always
1:29:06
Speaker 2: fun projects I'd love to do that I don't have
1:29:08
Speaker 2: time to do right now. There's a lot of music
1:29:10
Speaker 2: that I'd love to listen to that I don't listen
1:29:12
Speaker 2: to now. There's a lot of stuff i'd like to
1:29:15
Speaker 2: do with AI experiment with that I haven't done. So No,
1:29:18
Speaker 2: I don't think i'd get bored. But I also have
1:29:21
Speaker 2: no intention of retiring. There's just so much to do.
1:29:24
Speaker 2: There's so many books I want to read. Oh yeah,
1:29:26
Speaker 2: so many books I want to read. I could just
1:29:28
Speaker 2: read all day and I wouldn't get bored. So many books.
1:29:34
Speaker 2: Michael jd Evans will never be president. Trump Ism is eroding. Well,
1:29:39
Speaker 2: I hope you're right. Well, certainly working for that at
1:29:43
Speaker 2: the uron book show, trying to make sure that Jdvance
1:29:47
Speaker 2: never gets elected. It didn't work when I tried very
1:29:51
Speaker 2: hard not to have Trump elected a second time. But
1:29:55
Speaker 2: maybe maybe I can contribute a little bit to not
1:29:56
Speaker 2: having JD. Michael, they won't kill the Golden Goose, but
1:30:01
Speaker 2: they'll make it miserable. Well, ultimately they could kill it. Ultimately,
1:30:07
Speaker 2: they could make it so miserable that it shoots itself
1:30:10
Speaker 2: in the head. Michael says midterms are scaring the something
1:30:18
Speaker 2: out of him. Yeah, I think he's afraid of the midterms.
1:30:22
Speaker 2: If she's fad of the last two years, having a
1:30:25
Speaker 2: hostile House and potentially even a hostile Senate, and just
1:30:30
Speaker 2: I think life will be miserable for him if Democrats
1:30:34
Speaker 2: win the House in the Senate, Michael, I wouldn't say
1:30:39
Speaker 2: Joe Rogan isn't smart. He's not he's not educated, but
1:30:43
Speaker 2: he's made hundreds of millions of dollars. Yeah, it doesn't take,
1:30:45
Speaker 2: as I said in the past many times, it doesn't
1:30:49
Speaker 2: take being smart to make hundreds of millions of dollars.
1:30:52
Speaker 2: He's not smart. You can tell by the way he
1:30:55
Speaker 2: asked the same question over and over again. He doesn't develop,
1:30:57
Speaker 2: He doesn't respond to what the answer is and and
1:31:00
Speaker 2: change the question taking into account the new context provided
1:31:03
Speaker 2: by the answer. He's not a sophisticated any of you.
1:31:08
Speaker 2: He's functioning at the level of his listeners, which is
1:31:10
Speaker 2: not very high. I like numbers, which Dems would you
1:31:17
Speaker 2: support before Rubio in twenty twenty eight, Shapiro, I don't know.
1:31:24
Speaker 2: I'd have to think about it. I have to see
1:31:25
Speaker 2: who's on who's potentially out there. Rubio is terrible. Probably
1:31:31
Speaker 2: land up supporting Rubio because he's probably less terrible than
1:31:36
Speaker 2: the Democrats, but he is terrible. He gave another one
1:31:38
Speaker 2: of those you know, nationalistic Christian nationalistic speeches the other
1:31:45
Speaker 2: day that everybody was raving about online. He's very articulate,
1:31:52
Speaker 2: he's very charismatic, but he's really really bad for America.
1:31:58
Speaker 2: Not as bad as Trump, as bad as Vance, but bad.
1:32:04
Speaker 2: Joe would like to remind you all to like the show.
1:32:07
Speaker 2: Like the show, not a lot of you know a
1:32:08
Speaker 2: lot of people on. Liking doesn't cost you anything. If
1:32:11
Speaker 2: you like the show, don't do it. If you don't
1:32:13
Speaker 2: like me, if you don't like the one books show.
1:32:15
Speaker 2: But if you like the show, just click the like button.
1:32:21
Speaker 2: I wouldn't vote for Newsome. I mean, he's destroyed California.
1:32:25
Speaker 2: Why would you vote for him? You know, uh, you know,
1:32:30
Speaker 2: Pritsker couldn't vote for Pittska Kelly. I would vote for Kelly,
1:32:35
Speaker 2: but potentially potentially vote for Kelly over over. I mean
1:32:41
Speaker 2: Republicans should be punished and Rubio should be punished for
1:32:46
Speaker 2: tolerating Trump. That's my view. So Kelly Shapiro would be
1:32:51
Speaker 2: the two I would I would vote for Nrick. If
1:33:05
Speaker 2: Trump opens the straight? Will Trump continue to the original goal,
1:33:12
Speaker 2: to the original goals to the slan Republican? And I
1:33:15
Speaker 2: don't know, you know, if he opens the straight, I
1:33:19
Speaker 2: don't know what happens. Then it takes he takes their
1:33:21
Speaker 2: cart away from them. Does he then ask them to
1:33:25
Speaker 2: negotiate again? Probably if they turn him down. Does he
1:33:28
Speaker 2: bomb their nuclear does he bomb other things? I assume so,
1:33:32
Speaker 2: but I don't know. I don't know how this ends.
1:33:34
Speaker 2: I can't predict Trump and can't predict what he will do.
1:33:40
Speaker 2: All right, guys, that is today's show. I will see
1:33:45
Speaker 2: you all tomorrow for the Anna Nikos Show. We'll be
1:33:51
Speaker 2: talking about Ronald Reagan and yeah, I'll see tomorrow three
1:33:59
Speaker 2: pm East Time. Bye you, Boddy.