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OpenAI; Deficit; Yen; Oil; Iran; Muslim Brotherhood; Cuba; Le Pen; Achievement | Yaron Brook Show · Yaron Brook Show

• 0:03
  Speaker 1: A lot of fundamental mists of.
• 0:08
  Speaker 2: Last and an individual loss.
• 0:15
  Speaker 3: This is the show, Oh right, everybody, welcome to your
• 0:22
  Speaker 3: own book show on this Tuesday, July seventh, where the.
• 0:30
  Speaker 2: I guess, the round of sixteen is over. We now
• 0:32
  Speaker 2: know who is going to be in the quarterfinals. All
• 0:35
  Speaker 2: the teams are being established in the World Cup and
• 0:38
  Speaker 2: and today did not did not disappoint. I mean, what
• 0:43
  Speaker 2: a game Argentina gave us again. I mean, I don't
• 0:46
  Speaker 2: know what's up with Argentina. They are intent on creating
• 0:51
  Speaker 2: drama for drama's sake. It's ridiculous. They were playing Egypt today, Egypt, Egypt.
• 0:57
  Speaker 2: I don't know where. They're ranked very high. Argentina is
• 1:01
  Speaker 2: supposed to be one of the top five teams in
• 1:04
  Speaker 2: the world. And you know, I was looking at because
• 1:10
  Speaker 2: I was teaching during the game, so I didn't see
• 1:12
  Speaker 2: the game. So I was teaching during the game, and
• 1:14
  Speaker 2: I looked down and like, just after the halftime, it's
• 1:18
  Speaker 2: too zero.
• 1:19
  Speaker 4: Somebody, Oh no, somebody I was teaching.
• 1:21
  Speaker 2: One of the students said it's too zero and I said, wow,
• 1:25
  Speaker 2: that's great. Argentina's ready scored two goals, and he goes, no,
• 1:29
  Speaker 2: it's too zero for Egypt, and I get, no, you're
• 1:32
  Speaker 2: kidding me. That can't be right, and I literally I
• 1:36
  Speaker 2: went online. I had to check for myself to zero
• 1:40
  Speaker 2: to Egypt. And it wasn't until the seventy third minute
• 1:44
  Speaker 2: out of ninety for those of you don't follow soccer,
• 1:47
  Speaker 2: out of ninety seventy third minute did did Argentina score
• 1:50
  Speaker 2: a goal? And then another one? And then right, I
• 1:54
  Speaker 2: mean two minutes before basically the end of the game,
• 1:57
  Speaker 2: they scored a third one and they won three to two.
• 2:00
  Speaker 2: But on top of that all kinds of weird referee decisions.
• 2:04
  Speaker 2: I mean, it does seem like I know Nikos will
• 2:07
  Speaker 2: probably hate me for the forever for saying this, but it.
• 2:10
  Speaker 4: Does seem like.
• 2:13
  Speaker 2: The referees favor Argentina because they want They don't want
• 2:17
  Speaker 2: to see Egypt go to the quarter final. That doesn't
• 2:19
  Speaker 2: get them any ratings. They want to see Argentina go
• 2:22
  Speaker 2: and they want to see Messi go. It did seem
• 2:25
  Speaker 2: like the refereeing in this game was weird and and
• 2:29
  Speaker 2: and the disaster. I don't understand all the rules of
• 2:33
  Speaker 2: the new way they do it, and when they go
• 2:35
  Speaker 2: to the to the video to the video stuff, and
• 2:39
  Speaker 2: when they don't and when the referee accept what the
• 2:43
  Speaker 2: video guy decides, and when he goes and looks for himself,
• 2:45
  Speaker 2: and a lot of complexity they've added to the game
• 2:49
  Speaker 2: of football. But hey, Messi scored a goal, he had
• 2:54
  Speaker 2: an assist, Argentina won. That is all good, and and
• 3:01
  Speaker 2: they will play Switzerland on Saturday. So this is this
• 3:08
  Speaker 2: is I mean Argentina's game a Gabe kape Verde and
• 3:11
  Speaker 2: then now against and look, Egypt. I was not just
• 3:16
  Speaker 2: rooting for Argentina. I was unequivocally rooting against Egypt. The
• 3:21
  Speaker 2: Egyptians have politicized their soccer team. Uh, they bought our
• 3:26
  Speaker 2: Palestinian flags after you know, in their victory celebrations, they
• 3:32
  Speaker 2: are you know, they they they they pray in the
• 3:37
  Speaker 2: locker room beforehand, and they say nasty things about Christians
• 3:39
  Speaker 2: and Jews. So this was not I was not favorable,
• 3:43
  Speaker 2: favorably inclined towards the Egyptians anyway, So I'm glad. I'm
• 3:49
  Speaker 2: glad that Argentinians won. Anyway, It's it's mean, it's a
• 3:52
  Speaker 2: fun World Cup. Switzerland. Columbia just played a zero zero match.
• 3:57
  Speaker 2: Columbia should have won the match that a few like
• 4:00
  Speaker 2: wide open opportunities.
• 4:02
  Speaker 4: They should have been goals.
• 4:03
  Speaker 2: I mean, these players are good enough, they're good enough
• 4:06
  Speaker 2: to actually do it so to score. So they didn't
• 4:12
  Speaker 2: play well, they didn't play up to the potential, and
• 4:14
  Speaker 2: then they went the penalty kicks and the Swiss won
• 4:18
  Speaker 2: in penalty kicks four to three. So Switzerland will play Argentina,
• 4:25
  Speaker 2: but it starts off on Thursday, quarter finals with Morocco France.
• 4:29
  Speaker 2: One thing you know about the Mocco Frans game. One
• 4:31
  Speaker 2: thing is guarantee about the Morocco France game. No matter
• 4:35
  Speaker 2: who wins, literally, no matter who wins, Paris will burn.
• 4:43
  Speaker 2: Paris will burn. I can guarantee it. If the French win,
• 4:47
  Speaker 2: then the French fans will burn Paris and the Moroccan
• 4:50
  Speaker 2: fans will burn Paris. If the Moroccans win, the Moroccan
• 4:55
  Speaker 2: fans will burn Paris and the French fans will burn Paris.
• 4:58
  Speaker 2: Either way, the fans of both teams, one out of
• 5:02
  Speaker 2: celebration and one out of uh you know, uh uh frustration,
• 5:07
  Speaker 2: are going to burn Paris. So if you're in Paris
• 5:11
  Speaker 2: Thursday night is not a good time to be in
• 5:13
  Speaker 2: the city. Go out to your country chateau or something.
• 5:18
  Speaker 2: And and this came to city. Uh so so that
• 5:21
  Speaker 2: that is that is going to be a great game.
• 5:24
  Speaker 2: You know, I think the French will win that one.
• 5:27
  Speaker 2: What else we got we got? We got who is
• 5:31
  Speaker 2: Spain Belgium? You know Belgium crushed the American team. Yes,
• 5:35
  Speaker 2: they are they going to play Spain is going to
• 5:38
  Speaker 2: play Belgium. Uh and you know that's gonna be interesting.
• 5:43
  Speaker 2: I think Spain will win that one. I think we're
• 5:45
  Speaker 2: heading towards a semi final which is Spain France the
• 5:48
  Speaker 2: two best teams in the world, which is put which
• 5:51
  Speaker 2: would be perfect. And then and then you've got no
• 5:54
  Speaker 2: Way England. England played really well, so I you know,
• 5:58
  Speaker 2: I hope that that England wins that. But but it's
• 6:05
  Speaker 2: how to tell. I mean, no way, no Way beat Brazil.
• 6:08
  Speaker 2: That was a heart break up for me. And they've
• 6:12
  Speaker 2: got this guy who can pretty much anytime he gets
• 6:15
  Speaker 2: the ball in the state feet, he can score the goal.
• 6:17
  Speaker 2: He can score a goal. So you know, this this
• 6:20
  Speaker 2: big months of a of a Viking. So the bits
• 6:26
  Speaker 2: are gonna have to really play hard. So hopefully hopefully
• 6:29
  Speaker 2: England wins that one. And then I hope Argentina beats Switzerland.
• 6:33
  Speaker 2: So you get a semi final France, Spain, Argentina, England.
• 6:39
  Speaker 4: That is that's like a dream.
• 6:42
  Speaker 2: I mean, only thing better than that would have been
• 6:44
  Speaker 2: Argentina Brazil semi final. But Argentina, England, Spain, France. That
• 6:52
  Speaker 2: that would be an amazing, an amazing semi final. Uh
• 6:57
  Speaker 2: and yeah, philosophic philosophic detective says. Belgium is a strong team.
• 7:04
  Speaker 2: It's a strong team, it's a top ten in the
• 7:06
  Speaker 2: world team. But first of all, they look much stronger
• 7:10
  Speaker 2: than they are because the US played really bad. I mean,
• 7:13
  Speaker 2: the US embarrassed themselves in the game. It was not
• 7:19
  Speaker 2: you know, you can lose, and you can lose, and
• 7:21
  Speaker 2: you can lose while playing well and holding held up.
• 7:26
  Speaker 2: That was an embarrassment. In embarrassment most of the Belgian
• 7:29
  Speaker 2: goals and mistakes by the Americans, and the Americans just
• 7:33
  Speaker 2: really did not play well. I still think Spain is
• 7:38
  Speaker 2: a better team than Belgium. It's the number two team
• 7:41
  Speaker 2: in the world, so I think I think Spain wins it,
• 7:44
  Speaker 2: but we'll see. It's also who's best on that day,
• 7:49
  Speaker 2: who's best in this tournament, and Belgium has played well,
• 7:52
  Speaker 2: so we will see. So the final, the final will
• 7:57
  Speaker 2: be Argentina France, and you know in that one I
• 8:02
  Speaker 2: I you know, I don't root for France. So Argentina
• 8:07
  Speaker 2: has to win it. So Messi gets his second World Cup,
• 8:14
  Speaker 2: that would be that would be phenomenal. We'll see if
• 8:17
  Speaker 2: that actually happens. France is probably a better team qua
• 8:21
  Speaker 2: team than Argentina. It's got more talent. Argentina has Messy,
• 8:26
  Speaker 2: which is which is something. It's but the whole thing
• 8:31
  Speaker 2: is gonna be hard for Argentina. It's gonna be hard
• 8:32
  Speaker 2: for Argentina to beat Switzerland. Orough I think they'll beat them,
• 8:36
  Speaker 2: but it'll be hot. The game against England will be
• 8:38
  Speaker 2: very difficult if England advances, and yeah, against France, that's
• 8:44
  Speaker 2: gonna be tough. That's gonna be tough anyway. We will see.
• 8:51
  Speaker 2: Belgium team mostly gets credit for making fun of Donald Trump.
• 8:54
  Speaker 2: Got to give them three stars for locker room Trump dancers.
• 8:58
  Speaker 2: They were all dancing the trump ants, so they were
• 9:01
  Speaker 2: making fun of Trump for politicizing FIFA's decisions. But I
• 9:09
  Speaker 2: can't root for Belgium. Sorry, cannot root for Belgium, cannot
• 9:12
  Speaker 2: root for France. There's certain countries that won't root for.
• 9:16
  Speaker 2: My favorites would be right now, England and Argentina. Those
• 9:22
  Speaker 2: Argentina and England, depending on the order, but those two
• 9:25
  Speaker 2: of my favorites. I'm not a French fan right now.
• 9:28
  Speaker 2: I'm not particularly fond of the Spanish. Although the Spanish
• 9:32
  Speaker 2: team is really good, I'm not particularly fond of the
• 9:34
  Speaker 2: Spanish given how they reacted to the US and Israel
• 9:38
  Speaker 2: during the war. So England and Argentina those are my teams.
• 9:48
  Speaker 2: One of them I hope wins the World Cup. For England.
• 9:52
  Speaker 2: It would be amazing because it would be for the
• 9:55
  Speaker 2: first time since nineteen sixty six that they've wonted Argentina
• 10:00
  Speaker 2: four years ago and they wanted before that with Maradona
• 10:03
  Speaker 2: the hand of God, so you know, the This will
• 10:08
  Speaker 2: be I think Argentina's third win, and if England wins,
• 10:14
  Speaker 2: it would be the second. Fance is wanted two times.
• 10:17
  Speaker 2: I think this will be a third. Spain is one
• 10:20
  Speaker 2: and once all right, we will see. I know we
• 10:25
  Speaker 2: have a lot of listeners from the UK, probably not
• 10:27
  Speaker 2: right now because it's really late at night, but we
• 10:30
  Speaker 2: usually have a bunch of listeners from the UK. I'm
• 10:32
  Speaker 2: sure there's there. They are they are thrilled by by
• 10:36
  Speaker 2: England's advancing and by their potential to to make it through.
• 10:40
  Speaker 2: All right, let us get to the news, of course,
• 10:44
  Speaker 2: world copy is news. It's it's important news. It's it's
• 10:47
  Speaker 2: fun news, it's positive news. It's all good. It's all good,
• 10:51
  Speaker 2: particularly given that Agentina one after being down to nothing
• 10:58
  Speaker 2: after seventy three minutes. Who would have thunk? Who would
• 11:03
  Speaker 2: have thunk? Jennifer Sis should be the foot of God.
• 11:10
  Speaker 2: You know why he's called that it was the hand
• 11:12
  Speaker 2: of God because you know, he scored. I think this
• 11:16
  Speaker 2: is he scored against England in the semifinals, the quart
• 11:19
  Speaker 2: of finals. He scored a goal where if you if
• 11:23
  Speaker 2: you look at it, I mean the referee had a
• 11:25
  Speaker 2: really hard time seeing it, but if you look at
• 11:27
  Speaker 2: it in the film, it's clear that he used his
• 11:29
  Speaker 2: hand to push the goal, to push the ball into
• 11:33
  Speaker 2: the goal. And when asked about it, he said something
• 11:38
  Speaker 2: about it was the hand of God. That you know, he.
• 11:42
  Speaker 4: He he didn't, he didn't.
• 11:45
  Speaker 2: He didn't deny the the the the claim, but he
• 11:53
  Speaker 2: didn't he didn't confirm it. He just he just says
• 11:55
  Speaker 2: something about it was the hand of God. So that
• 11:58
  Speaker 2: is uh, there is modon't know, one of the one
• 12:00
  Speaker 2: of the best players ever to play in the game.
• 12:05
  Speaker 4: All right, let's talk about open Ei.
• 12:08
  Speaker 2: It's a big transition. Open Ei is probably the lead
• 12:14
  Speaker 2: or the second. It's how to tell sometimes between its
• 12:17
  Speaker 2: and anthropic AI company in the world. Right now. It
• 12:21
  Speaker 2: has recently filed an initial public offering with the SEC
• 12:25
  Speaker 2: it is it is trying to. It wants to sell
• 12:28
  Speaker 2: stock to the public and raise a lot of money.
• 12:30
  Speaker 2: It has plans to invest six hundred billion dollars. Exactly
• 12:34
  Speaker 2: where it gets six hundred billion dollars to do this,
• 12:37
  Speaker 2: I don't know, but it plans to spend six hundred
• 12:39
  Speaker 2: billion dollars on AI infrastructure by twenty thirty. It's not
• 12:44
  Speaker 2: going to raise it probably won't rage raise something like
• 12:47
  Speaker 2: ten percent of that maybe maybe in the IPO. So
• 12:52
  Speaker 2: I don't know where it gets an other four hundred
• 12:54
  Speaker 2: and something billion dollars by twenty thirty. But it is
• 13:00
  Speaker 2: building out those data centers all over the country, and
• 13:04
  Speaker 2: it revenue. In terms of revenue, it generates about two
• 13:07
  Speaker 2: billion in revenue a month. Even if it even if
• 13:10
  Speaker 2: all of that will profit, which it's not, of course,
• 13:13
  Speaker 2: that is only twenty four billion, So you know, in
• 13:17
  Speaker 2: three years, that's seventy billion, seventy five billion. Let's say
• 13:22
  Speaker 2: I don't know where it gets six hundred billion to
• 13:24
  Speaker 2: invest in AI, but you know it's it's iPods.
• 13:28
  Speaker 4: It faces stiff competition.
• 13:31
  Speaker 2: It's competing with Anthropic, It's competing with Google, which is
• 13:35
  Speaker 2: a little behind. It's competing with x Ai, which is
• 13:39
  Speaker 2: also a little behind Rock. It's competing with Microsoft, which
• 13:44
  Speaker 2: is going to launch a product, also probably a little
• 13:46
  Speaker 2: behind Meta. Meta is also launching, has launched, will launch
• 13:53
  Speaker 2: a product. It's still a little behind the two leaders
• 13:56
  Speaker 2: of Anthropic and open Ei, but the rest are there.
• 13:58
  Speaker 2: So there's massive competition. Hard to make any money when
• 14:01
  Speaker 2: there's a lot of competition, right, Competition drives profits close
• 14:06
  Speaker 2: to zero unless you can really differentiate yourself. And it's
• 14:10
  Speaker 2: hard to differentiate yourself any advance. When one company makes
• 14:13
  Speaker 2: within a few weeks months other companies make as well.
• 14:16
  Speaker 2: So there's a constant push, constant push forward. Well, I
• 14:24
  Speaker 2: mean one way, one way, right, one way to help
• 14:36
  Speaker 2: the one way to help raise the money is maybe
• 14:41
  Speaker 2: to go to a place that has unlimited resources and
• 14:46
  Speaker 2: unlimited capacity to help the fund.
• 14:48
  Speaker 4: And that is of course, the US government.
• 14:53
  Speaker 2: The company is reportedly is reportedly offering to as a
• 14:58
  Speaker 2: five percent of its shares when it goes p for
• 15:01
  Speaker 2: the public. The public care, not meaning the shape buying public,
• 15:06
  Speaker 2: but the public care meaning government, maybe a sovereign wealth fund.
• 15:14
  Speaker 2: Now it's not that the five percent would raise a
• 15:16
  Speaker 2: lot of money, but.
• 15:23
  Speaker 4: Er what's a government stake will do?
• 15:34
  Speaker 2: Is a government A government ownership of Open Ei would
• 15:38
  Speaker 2: make the company, from the market's perspective, would make them
• 15:43
  Speaker 2: the company less risky. The government would have an incentive
• 15:48
  Speaker 2: to make sure that Open Eye doesn't go bankrupt, which
• 15:50
  Speaker 2: is what bond market, which was what people who would
• 15:54
  Speaker 2: lend money to Open the Eye care about. They don't
• 15:57
  Speaker 2: care about profitability. What the bond ma get cares about.
• 16:00
  Speaker 2: What lenders care about is that the company and I'll
• 16:04
  Speaker 2: go bankrupt.
• 16:04
  Speaker 4: The government won't let them go bankrupt.
• 16:08
  Speaker 2: That would lower the cost of borrowing and maybe a
• 16:11
  Speaker 2: lot of the six hundred billion dollars can be borrowed.
• 16:15
  Speaker 4: Given the government ownership.
• 16:17
  Speaker 2: The government would also give Open Eye a competitive advantage
• 16:21
  Speaker 2: right because the government would have an incentive to buy
• 16:24
  Speaker 2: products from Open EIE and not from its competitors. So
• 16:31
  Speaker 2: the government is likely to keep to keep it afloat.
• 16:34
  Speaker 2: The government is likely to be more open to giving
• 16:39
  Speaker 2: up permits for data centers. The government is more likely
• 16:43
  Speaker 2: to give Open the Eye government contracts, and again it
• 16:49
  Speaker 2: won't let them go bankrupt. But as we talked about yesterday,
• 16:54
  Speaker 2: we also know that any government steake includes political control.
• 17:02
  Speaker 2: Any political control means, you know, reining in the industry,
• 17:08
  Speaker 2: reining in open AI. And even if you believe that
• 17:13
  Speaker 2: Donald Trump wants to make money and therefore we leave
• 17:15
  Speaker 2: them alone, well the next person might not. I mean,
• 17:19
  Speaker 2: you can think of Bernie Standards, but who won't be president?
• 17:22
  Speaker 2: He's told?
• 17:22
  Speaker 4: But think about JD. Evans.
• 17:28
  Speaker 2: But in the case of opening this five percent for
• 17:31
  Speaker 2: government goes beyond just gaming the system and trying to
• 17:37
  Speaker 2: get money. Earlier this spring, the company released the thirteen
• 17:42
  Speaker 2: page white paper titled Industrial Policy for the Intelligence Age,
• 17:49
  Speaker 2: and basically the paper costs for expanding government control of
• 17:53
  Speaker 2: AI and generally the private economy. They support higher taxes
• 17:59
  Speaker 2: and capital gains, higher taxes and corporate income, and higher
• 18:05
  Speaker 2: taxes on anybody who moves to automate labor to replace
• 18:10
  Speaker 2: the labor force. It calls for government to incentivize companies
• 18:14
  Speaker 2: to move to thirty two hour week work week because
• 18:17
  Speaker 2: AI is going to destroy jobs. I mean, it's just
• 18:21
  Speaker 2: a long list of really bad ideas status ideas. So
• 18:28
  Speaker 2: this is part of the philosophy of the company is
• 18:33
  Speaker 2: to see the government have a significant bigger role. Now,
• 18:37
  Speaker 2: of course we know what happens when the government has
• 18:38
  Speaker 2: a bigger role. It innovation as hurts. And of course
• 18:46
  Speaker 2: if opening if other companies innovate faster than opening EIE,
• 18:49
  Speaker 2: the government is going to want to stake in them
• 18:51
  Speaker 2: as well VIEUS economy will be hurt less. Dynamic, you
• 19:02
  Speaker 2: take the leading new industry and you make it an
• 19:04
  Speaker 2: adjunct to the government, you're turning the United States into
• 19:07
  Speaker 2: China US or into Japan the Kuwatsu model the Japanese
• 19:16
  Speaker 2: which imploded in the early nineties and Japan really has
• 19:20
  Speaker 2: never recovered from that. I mean, the way the US
• 19:24
  Speaker 2: thrives is through dynamic competition in a marketplace between private
• 19:33
  Speaker 2: industry trying to make a profit. So it's sad. I
• 19:43
  Speaker 2: get it when activists push for socialism. I get it
• 19:50
  Speaker 2: when certain politicians on the left push for socialism. But
• 19:59
  Speaker 2: you know when Americans leading innovative companies plus the socialism
• 20:06
  Speaker 2: we're in. We're in deep deep doodoo deep trouble, deep trouble.
• 20:18
  Speaker 2: I mean trumps buying of shares or taking shares in
• 20:25
  Speaker 2: a private company. It's likely to be one of his
• 20:28
  Speaker 2: worst legacies, really one of his worst ideas.
• 20:33
  Speaker 4: That lasts.
• 20:36
  Speaker 2: Because I mean, think about who the next president are
• 20:41
  Speaker 2: going to be, or who the president is going.
• 20:43
  Speaker 4: To be two three cycles down the road.
• 20:45
  Speaker 2: And and you know, this power grab, the fact that
• 20:51
  Speaker 2: it's okay, it's a step towards the state controlling the
• 21:00
  Speaker 2: music production, which is pure socialism, and it comes from
• 21:03
  Speaker 2: a Republican. I've always said we'll get I don't know.
• 21:08
  Speaker 2: I think I said we'll get universal healthcare from a Republican.
• 21:11
  Speaker 2: We'll get socialized health care for a Republican. I never
• 21:13
  Speaker 2: imagined we'd actually be considering socializing tech.
• 21:19
  Speaker 4: But it looks like we're going to get that.
• 21:21
  Speaker 2: We'll get it from Trump at least the first step
• 21:26
  Speaker 2: in that direction. So opening eyes asking for it, they're
• 21:32
  Speaker 2: asking for more governanent intervention, they're asking for more regulation,
• 21:34
  Speaker 2: more control ownership, more taxes.
• 21:38
  Speaker 4: It really is.
• 21:41
  Speaker 2: Unbelievable, and and really, you know, yeah, it's a twenty
• 21:53
  Speaker 2: and fiftieth anniversary of the Decation of Independence. Maybe maybe
• 21:59
  Speaker 2: some people out there need to be reminded of what
• 22:01
  Speaker 2: this country actually stands for. What this country represents freedom, liberty,
• 22:07
  Speaker 2: private private property, private markets. Anyway, no trade deficits, trade deficit.
• 22:19
  Speaker 2: You remember, we were going to get tariffs because trade
• 22:22
  Speaker 2: deficits were evil. Evil in Connie and the trade deficits
• 22:25
  Speaker 2: were going to a shrink, shrink trade deficits. They're going
• 22:30
  Speaker 2: to make America stronger than weight. Don't give me a
• 22:32
  Speaker 2: golden age of American industry because we were going to
• 22:35
  Speaker 2: shrink the evil trade deficit. Well, as of last month,
• 22:45
  Speaker 2: last month, the trade deficit last month was June.
• 22:48
  Speaker 4: I guess the trade deficit.
• 22:51
  Speaker 2: Increased by forty It reads seventy seven point six billion dollars.
• 22:58
  Speaker 4: It's the largest trade deficit.
• 23:00
  Speaker 2: Sistance March of twenty twenty five, and higher than the
• 23:04
  Speaker 2: monthly average during the Biden administration. I mean, the trade
• 23:11
  Speaker 2: deficit was a little down the last few months up
• 23:14
  Speaker 2: until last month, but not in any dramatic fashion. It
• 23:17
  Speaker 2: was a blimp, not significant, and it continues. I mean,
• 23:21
  Speaker 2: tariffs are having no impact. They're not making a dent
• 23:25
  Speaker 2: in the trade deficit. The Trump is not going to
• 23:29
  Speaker 2: land up with a significantly better trade deficit than under
• 23:32
  Speaker 2: the under you know, the bidens. Under Biden, there was
• 23:40
  Speaker 2: some decline in a trade deficit when the test first
• 23:43
  Speaker 2: kicked in, but it wasn't huge, uh, and it stayed
• 23:51
  Speaker 2: pretty healthy since they now in my view, it doesn't
• 23:53
  Speaker 2: really matter trade deficits one way or the other. This
• 23:57
  Speaker 2: big increase in the trade deficit this time has a
• 23:59
  Speaker 2: lot to do with the fact that we're building data centers,
• 24:02
  Speaker 2: which means we're buying a lot of stuff from Asia
• 24:06
  Speaker 2: for those data centers. Chips and I'm sure a lot
• 24:11
  Speaker 2: of the a lot of just the machinery, the the
• 24:14
  Speaker 2: electronics that go into these data centers come come to
• 24:17
  Speaker 2: us from Asia.
• 24:18
  Speaker 4: So it's not too surprising.
• 24:21
  Speaker 2: The better the economy, the better the US economy does,
• 24:24
  Speaker 2: the more we buy, the more we consume, the richer
• 24:27
  Speaker 2: we feel, the bigger the trade deficit. So while having
• 24:33
  Speaker 2: this increase in the trade deficit is you know, it
• 24:39
  Speaker 2: goes against what Trump said it would happen. So it's
• 24:41
  Speaker 2: just it's a it's a repudiation of his predictive power.
• 24:45
  Speaker 2: It's not a bad thing and arguably probably a good
• 24:50
  Speaker 2: thing related to the trade deficit. One of the things
• 24:54
  Speaker 2: that makes the impacts trade deficits is the relative strength
• 24:58
  Speaker 2: and weakness of a And you know, the dollar was
• 25:05
  Speaker 2: strong during the Biden years, very strong. Partially drove the
• 25:08
  Speaker 2: trade death sits. We bought a lot of stuff. We
• 25:10
  Speaker 2: could buy a lot of stuff because we had a
• 25:13
  Speaker 2: strong currency overseas. If the dollar got weaker, then it
• 25:18
  Speaker 2: would be more expensive for us to buy stuff from overseas,
• 25:21
  Speaker 2: and it becomes cheap of other countries to buy al stuff. Well,
• 25:25
  Speaker 2: the dollar right now is getting cheaper vis a v.
• 25:27
  Speaker 2: The Euro. It's getting cheaper visa v. The pounds Stirling
• 25:33
  Speaker 2: and but not a huge amount, right It got cheaper
• 25:38
  Speaker 2: a few months ago and then and then it's kind
• 25:39
  Speaker 2: of stabilized more recently. But visaly the yen, the Japanese currency,
• 25:47
  Speaker 2: the dollar is super strong. Indeed, you could view it
• 25:50
  Speaker 2: the other way around. The yen is super weak. Indeed,
• 25:55
  Speaker 2: the end is kind of crashing right now. It's one
• 25:57
  Speaker 2: hundred and sixty it's one hundred and sixty two yea
• 26:00
  Speaker 2: to the dollar, one hundred and sixty two. That is,
• 26:05
  Speaker 2: it's falling three point six percent this year. It's down
• 26:09
  Speaker 2: eleven percent from a year ago. It's this is about
• 26:13
  Speaker 2: as cheap as the yen has been. I mean, if
• 26:17
  Speaker 2: you if you want to go visit Japan, if you're
• 26:21
  Speaker 2: eager to visit Japan, now's the time to go. Guys.
• 26:25
  Speaker 2: Your dollar goes a long way right now in Tokyo
• 26:30
  Speaker 2: because the exchange rge is so favorable. But I think
• 26:34
  Speaker 2: this weakness in the end says a lot about what's
• 26:36
  Speaker 2: going on in Japan domestically. Remember, Japan has a lot
• 26:42
  Speaker 2: of debt, much more than the United States. From the
• 26:45
  Speaker 2: perspective of a relative to the GDP. Japan has two
• 26:50
  Speaker 2: hundred and forty percent of GDP debt. That's more than
• 26:52
  Speaker 2: twice as much debt as the United States. Says it's
• 27:00
  Speaker 2: people are getting skeptical about how are they going to
• 27:02
  Speaker 2: pay this back, and how are they going to ford?
• 27:05
  Speaker 2: How can they pay it back without inflating? Right, one
• 27:09
  Speaker 2: of the ways to pay it back is to pin
• 27:11
  Speaker 2: up a bunch of new yen and inflate the currency.
• 27:15
  Speaker 2: So will the Japanese Central Bank revert to inflation in
• 27:22
  Speaker 2: order to reduce the impact of this debt.
• 27:24
  Speaker 4: The debt is huge.
• 27:28
  Speaker 2: Now on top of that, the conservative uh Prime Minister
• 27:35
  Speaker 2: of Japan, who's very tough on phan policy and seems
• 27:39
  Speaker 2: very good on fan polsy, it's terrible in economics, and
• 27:43
  Speaker 2: her perspective is, you know, to get the Japanese economy going,
• 27:47
  Speaker 2: she wants to increase government spending, which means deficit spending,
• 27:51
  Speaker 2: which means growing the debt, which means you have to
• 27:55
  Speaker 2: borrow money, and who's going to give you money to borrow?
• 27:59
  Speaker 4: Inter would have to go up a lot.
• 28:01
  Speaker 2: Higher than where they are now for people to buy
• 28:04
  Speaker 2: your debt. Well, one way to punish your country for
• 28:08
  Speaker 2: the potential for inflation and the debt levels and the
• 28:13
  Speaker 2: interstates are not high enough is to sell Nobody wants yet,
• 28:18
  Speaker 2: Why would you want yen?
• 28:19
  Speaker 4: Get rid of you?
• 28:20
  Speaker 2: Yet?
• 28:21
  Speaker 4: People are selling ye like yet yen like crazy?
• 28:23
  Speaker 2: Right?
• 28:23
  Speaker 4: They don't want to hold yet.
• 28:29
  Speaker 2: Now, a weekend helps Japanese exporters. It's cheap to buy
• 28:34
  Speaker 2: Japanese goods, just like it's cheap to go to Japan
• 28:36
  Speaker 2: as a tourist, and that increases the amount of stuff
• 28:44
  Speaker 2: Americans are going to buy from Japan because it's cheap.
• 28:47
  Speaker 2: That will increase the trade deficit for America. So it's
• 28:54
  Speaker 2: true that the the Japanese companies are exporting a lot,
• 29:03
  Speaker 2: but the Japanese economy is in trouble. And what's scary
• 29:08
  Speaker 2: about it, just like the American government, is the government
• 29:11
  Speaker 2: that doesn't seem to have any awareness of this is
• 29:15
  Speaker 2: they don't have to.
• 29:15
  Speaker 4: They don't seem to have any awareness.
• 29:17
  Speaker 2: Of you know, what to do about it? Cut government spending.
• 29:26
  Speaker 2: Like nobody in the world wants to cut government spinning.
• 29:28
  Speaker 2: Nobody in the what believes in cutting government spending. They
• 29:32
  Speaker 2: all believe that they can somehow spend, borrow and spend,
• 29:36
  Speaker 2: and borrow and spend and borrow and spend.
• 29:38
  Speaker 4: I mean the US government is like.
• 29:39
  Speaker 2: This, Europe is like this, and Japan is like this,
• 29:43
  Speaker 2: and this is conservative Japan, and I think this is
• 29:51
  Speaker 2: only going to get worse because they don't see a
• 29:53
  Speaker 2: path out. I don't see how Japan gets out of this.
• 29:57
  Speaker 2: They have to continue to borrow print, then you know,
• 30:02
  Speaker 2: they could tax. I'm not sure there's that much more
• 30:04
  Speaker 2: they can tax. I think the yen could get a
• 30:09
  Speaker 2: lot even cheaper if if there's no indications in the
• 30:14
  Speaker 2: government that they are going to do anything about their
• 30:19
  Speaker 2: death suspending, I don't I wouldn't be surprised. Wouldn't be
• 30:26
  Speaker 2: surprised if if you saw the end get cheaper. Here's
• 30:31
  Speaker 2: the thing, right, One way to get people to buy
• 30:34
  Speaker 2: yen is to offer them a good interest rate if
• 30:37
  Speaker 2: they buy Japanese government bonds right in yen. But if
• 30:44
  Speaker 2: you increase, if interstates go up in Japanese bonds, which
• 30:48
  Speaker 2: I think the Bank of Japan is trying to hold down,
• 30:51
  Speaker 2: if they go up, then the cost of the government
• 30:55
  Speaker 2: of borrowing goes up.
• 30:57
  Speaker 4: And this is the spiral. Yes, spiral is you borrow.
• 31:03
  Speaker 2: The more you borrow, the higher interstates go, the higher
• 31:06
  Speaker 2: interstrate go, the more you have.
• 31:09
  Speaker 4: To spend on interst rate payments.
• 31:11
  Speaker 2: The more you have to spend on interstrate payments, the
• 31:14
  Speaker 2: more the government deficit increases, the more you have to borrow.
• 31:18
  Speaker 2: And it's a spiral that keeps getting worse and worse
• 31:21
  Speaker 2: and worse. And the US government is potentially in a
• 31:25
  Speaker 2: spiral like that. Right now. The US government is spending
• 31:28
  Speaker 2: a trillion dollars a year on interest rate, just an
• 31:30
  Speaker 2: interest payment. If interestates go higher, what happens Where does
• 31:36
  Speaker 2: the money come from? So there's a lot of concern
• 31:41
  Speaker 2: and should be a lot of concern out there globally
• 31:44
  Speaker 2: in terms of.
• 31:46
  Speaker 4: What happens to all the debt? What happens to all
• 31:50
  Speaker 4: the debt.
• 31:54
  Speaker 2: That is out there? And you know, how how do
• 32:01
  Speaker 2: all these governments paid back? And if they can't, do
• 32:06
  Speaker 2: we have inflation? Do we have defaults? What exactly happens?
• 32:09
  Speaker 2: And clearly no country in the world that I know
• 32:12
  Speaker 2: of is being responsible about this, none of them being
• 32:17
  Speaker 2: responsible about this? All right? Stuck about oil? So our
• 32:28
  Speaker 2: prices are down quite a bit, uh states, and foremost
• 32:31
  Speaker 2: supposedly open. We'll get to an update on Iran in
• 32:34
  Speaker 2: a minute, but disposed the open, and there's sanctions in
• 32:36
  Speaker 2: Iran are supposedly lifted. We'll get to that in a minute,
• 32:39
  Speaker 2: because they're not anymore. And and oil is flowing, and
• 32:43
  Speaker 2: of course during the war, the US increased increased production
• 32:47
  Speaker 2: of oil, and the Venezuela and oil is flowing, and
• 32:51
  Speaker 2: other countries increased production of oil. And some of the
• 32:54
  Speaker 2: Saudi Arabian oil got around the blockade through the Red
• 32:58
  Speaker 2: Sea and something uh youue oil got around the locade
• 33:02
  Speaker 2: through the Omani Coas through pipelines they had. You know,
• 33:06
  Speaker 2: all prices are plummeted to under seventy dollars a barrel
• 33:11
  Speaker 2: of West Texas intermediate right under seventy dollars a barrow.
• 33:17
  Speaker 2: But what is very very frustrating right now for the
• 33:22
  Speaker 2: Trump administration, very frustrating right now, is that while all
• 33:27
  Speaker 2: prices have come down, which is what Trump wanted, gasoline
• 33:34
  Speaker 2: prices at the pump, these are prices at the pump
• 33:39
  Speaker 2: have not They've not come down. They're still high. And
• 33:46
  Speaker 2: of course there's already talk about excess profits and all
• 33:51
  Speaker 2: companies or refiners whoever making a lot of money because
• 33:55
  Speaker 2: the oil they buy is cheap. And then but the
• 33:56
  Speaker 2: oil they sell, the gasoline they sell is expensive. And
• 34:00
  Speaker 2: what's going on? And why is this? And and this
• 34:03
  Speaker 2: is just this is just coprid greed again and so
• 34:05
  Speaker 2: on and so for so let's go through what is
• 34:08
  Speaker 2: actually going on here. We have a shortage right now
• 34:15
  Speaker 2: in refining capacity. The shortage is a product of a
• 34:20
  Speaker 2: number of different things. It's not only oil that the
• 34:25
  Speaker 2: Gulf States ship out, particularly Saudi Arabia, Bahrain, Kata and Yui.
• 34:33
  Speaker 2: Before the war, they were also shipping out a lot
• 34:35
  Speaker 2: of refined products, gasoline for example. Now, in spite of
• 34:41
  Speaker 2: the fact that the almost Strait supposedly is open. It's
• 34:43
  Speaker 2: not only about a third of the ships that were
• 34:47
  Speaker 2: going out before the war going out now, and as
• 34:50
  Speaker 2: of today it's a lot less than that, and as
• 34:53
  Speaker 2: of tomorrow it's probably a lot less than that. Even so,
• 34:56
  Speaker 2: you've got fewer ships coming out with refined product. Indeed,
• 35:01
  Speaker 2: a lot of the refineries in places like Saudi Arabia
• 35:05
  Speaker 2: and Yue would just shut down because the pipelines that
• 35:10
  Speaker 2: they were pumping to get around the States and foremost
• 35:13
  Speaker 2: were not of refined product. They were pumping oil, so
• 35:18
  Speaker 2: they had no use of the refineries. They shut them down. Also,
• 35:22
  Speaker 2: by the way, if you shut down a refinery and
• 35:24
  Speaker 2: you empty some of the storage tanks and all of that,
• 35:28
  Speaker 2: it becomes less of a target for missiles because there's
• 35:32
  Speaker 2: less combustible stuff. Right, you can do less damage is done,
• 35:36
  Speaker 2: Say in a whar, if you can shut down a refinery,
• 35:38
  Speaker 2: it's probably a good idea. So we've taken to a
• 35:43
  Speaker 2: large extent, we took off the capacity of the Saudis,
• 35:48
  Speaker 2: We took off the capacity of Ue, Bahrain, Qatar quaits
• 35:53
  Speaker 2: in refining, So that's a huge chunk of refining capacity
• 35:57
  Speaker 2: in the world. In addition, one thing very interesting happened
• 36:02
  Speaker 2: during the war with regard to oil. China started importing
• 36:09
  Speaker 2: a significantly lower amounts of oil. It basically cut oil
• 36:15
  Speaker 2: importation by five million barrels I think a day. And
• 36:21
  Speaker 2: part of it was that China brings in oil, refines it,
• 36:26
  Speaker 2: and ships out refined products. China a lot of its
• 36:32
  Speaker 2: economy has moved to you know, electric cause it doesn't
• 36:36
  Speaker 2: need all the refined gasoline, for example, that it can produce,
• 36:40
  Speaker 2: so it chips it out well. Because it was imputing
• 36:43
  Speaker 2: less oil, it basically shut down the exportation of oil products.
• 36:51
  Speaker 2: So again that refining capacity has been taken off the
• 36:55
  Speaker 2: global market, the world market. The China's refining only for
• 36:59
  Speaker 2: its own use, not for export. Now the United States
• 37:05
  Speaker 2: has a constant shortage of refining capacity. We just don't
• 37:11
  Speaker 2: build refineries. It's expensive, but really it's mostly not in
• 37:15
  Speaker 2: my backyard. Refineries are polluting their quote dangers supposedly, I
• 37:25
  Speaker 2: guess I'm pleasant to live by, So.
• 37:27
  Speaker 4: We just don't build them.
• 37:28
  Speaker 2: And we haven't built new refineries in a long long time. California,
• 37:32
  Speaker 2: when was it earlier this year, maybe it was last year,
• 37:35
  Speaker 2: had shut down a bunch a couple of refineries. So
• 37:41
  Speaker 2: while all prices have gone down, the actual actually quantity
• 37:46
  Speaker 2: of gasoline being produced and diesel being produced and put
• 37:51
  Speaker 2: into the market has not gone up a lot, and
• 37:55
  Speaker 2: as a consequence, prices have stayed high supplying demand. It's
• 37:58
  Speaker 2: also the summer driving season. Demand for gasoline is way up,
• 38:02
  Speaker 2: demand for diesel is way up. Supply is limited, prices
• 38:06
  Speaker 2: go up. That's the way markets work. Add to that,
• 38:15
  Speaker 2: add to that the fact that we Americans, and if
• 38:20
  Speaker 2: there's one special interest group that we just you know,
• 38:27
  Speaker 2: appease non stop, that we subsidize non stop, that we
• 38:33
  Speaker 2: do everything to help them out, it is farmers, particularly
• 38:40
  Speaker 2: big farming, huge subsidies. And one of the ways we
• 38:46
  Speaker 2: subsidize big farming is by insisting that American gasoline have
• 38:52
  Speaker 2: a blend of what do you call it, of ethanol? Ethanol?
• 38:59
  Speaker 2: You know what they make from corn ethanol in it. Now,
• 39:02
  Speaker 2: why do we do that, Well, supposedly it's cleaner for
• 39:05
  Speaker 2: the environment.
• 39:05
  Speaker 4: BS.
• 39:07
  Speaker 2: The reason we do it is pretty simple. It's to
• 39:10
  Speaker 2: keep the corn farmers happy. They vote for Trump, they
• 39:15
  Speaker 2: vote Republican Republicans, particularly ethanol fans. I mean there used
• 39:20
  Speaker 2: to be ethanol Senator was Bobdo. But the reality is,
• 39:26
  Speaker 2: whoever has Allison's Senate seats in farm country is going
• 39:30
  Speaker 2: to get is going to be the ethanol Senator. President
• 39:34
  Speaker 2: Congressman pushed from more and more and more ethanol, and
• 39:38
  Speaker 2: during this or crisis, we pushed. Congress pushed from more
• 39:41
  Speaker 2: and more and more ethanol to help the farmers because
• 39:44
  Speaker 2: the farmers are being hit by the tariffs, and also
• 39:47
  Speaker 2: to try to lower gasoline prices. It doesn't really lower
• 39:50
  Speaker 2: gasoline prices, and now you've got a lot of this
• 39:53
  Speaker 2: ethanol going into the gasoline, which is keeping the price height.
• 39:59
  Speaker 2: There only so many refineries that can do the blend right.
• 40:03
  Speaker 2: One of the reasons in California you have the highest
• 40:07
  Speaker 2: gasoline prices in the country. One of the reasons, not
• 40:09
  Speaker 2: the only one. One of the reasons is that they
• 40:11
  Speaker 2: have a different blend of ethanol and gasoline than the
• 40:14
  Speaker 2: rest of the country. So you have fewer refineries in
• 40:18
  Speaker 2: California who could create that blend, and therefore the supply
• 40:21
  Speaker 2: of that blend is reduced, which raises the prices. You
• 40:26
  Speaker 2: can't get around the laws of economics, as much as
• 40:28
  Speaker 2: politicians constantly try. You cannot get around the laws of economics. Now,
• 40:35
  Speaker 2: add to that just one more element, which is the
• 40:39
  Speaker 2: fact that Ukraine has been unbelievably successful, just off the
• 40:43
  Speaker 2: chart successful attacking the refining capacity of Russia. Now, even
• 40:50
  Speaker 2: though Russian oil and Russian refining products are sanctioned, they
• 40:55
  Speaker 2: still sell to place like India, and therefore they still
• 40:59
  Speaker 2: are puts into the global market. But once you take
• 41:03
  Speaker 2: those inputs out, places like India have to buy they
• 41:06
  Speaker 2: refined products from somewhere, and as a consequence, again prices
• 41:15
  Speaker 2: up because there's less refined capacity, there's less refined product,
• 41:19
  Speaker 2: and therefore price is going to be high, which is
• 41:22
  Speaker 2: unbelievably frustrating for Donald Trump, who, you know, I wouldn't
• 41:26
  Speaker 2: be surprised if in the weeks to come, I don't know,
• 41:29
  Speaker 2: tries to do price controls over gasoline or tries to
• 41:32
  Speaker 2: do something to try to drive gasoline prices down again,
• 41:38
  Speaker 2: you know, ignowing the laws of economics. I think Bestent
• 41:42
  Speaker 2: has already vocalized a few things and wagged his finger
• 41:48
  Speaker 2: at the oil companies. But yeah, I mean, look, we
• 41:55
  Speaker 2: are this blending stuff with us, and all the the
• 42:01
  Speaker 2: ridiculous nature of not in my backyard, and just the
• 42:07
  Speaker 2: lack of a fighting capacity. All prices gonna be high
• 42:10
  Speaker 2: this year. There's I mean gasoline prices. All prices will
• 42:13
  Speaker 2: be low. Gasoline prices will be high, and Trump will
• 42:17
  Speaker 2: be unhappy and this will play again in the midterm elections.
• 42:21
  Speaker 2: Midim elections. Yeah, I mean gasoline stockpiles some of the
• 42:31
  Speaker 2: lowest seasonally adjusted levels since twenty fourteen. Diesel stocks stockpiles
• 42:37
  Speaker 2: are also only now starting to increase, So part of
• 42:43
  Speaker 2: this is refurbishing stockpiles. But demand is high, supply is low,
• 42:49
  Speaker 2: prices go up. That's the reality. Surprice is not going up,
• 42:52
  Speaker 2: but they're not going down the way you to expect.
• 42:54
  Speaker 2: Even the prices of oil have gone down. Now things
• 42:57
  Speaker 2: only get to get worse because Iran yesterday and this
• 43:01
  Speaker 2: morning was bombing ships in the Strait of Homo.
• 43:05
  Speaker 4: I've been saying Straits of.
• 43:07
  Speaker 2: Homos, but it's not Straits of Homos. It's the Strait
• 43:12
  Speaker 2: of Homos, straight no astand so I apologize straight of Homos.
• 43:18
  Speaker 2: Iran has been bombing ships in the Strait of Homos
• 43:22
  Speaker 2: in order to try to stop ships from using what's
• 43:26
  Speaker 2: called the Southern Route on the strait. That is a
• 43:28
  Speaker 2: route that bypasses Iranians supervision and maybe a toll instead
• 43:35
  Speaker 2: using a route approved by the Americans that hugs the
• 43:38
  Speaker 2: Omani coast away from the mines, the mines that according
• 43:43
  Speaker 2: to the MoU, the Iranians are supposed to be clearing
• 43:46
  Speaker 2: right now instead the bombing ships. It strikes me as
• 43:50
  Speaker 2: unbelievable the extent to which the Ranians can get away
• 43:54
  Speaker 2: with violating the ceasefire and violating what they promise, and
• 43:58
  Speaker 2: nothing is done about it.
• 44:00
  Speaker 4: Anyway, They're bumped the ships.
• 44:02
  Speaker 2: And the United States did do something for change right first,
• 44:05
  Speaker 2: it said that they are, you know, as part of
• 44:11
  Speaker 2: the MoU. As part of the ceasefire, the United States
• 44:15
  Speaker 2: eliminated these sanctions on Iranian oil. They gave them a
• 44:19
  Speaker 2: license to sell oil in global markets. Well that was
• 44:26
  Speaker 2: eliminated today, so Iranian oil is sanctioned again.
• 44:32
  Speaker 4: So that's one. And then just as.
• 44:35
  Speaker 2: We were starting the show, or maybe a little earlier, yeah,
• 44:39
  Speaker 2: like fifteen minutes before we started the show, reports were
• 44:43
  Speaker 2: that the United States was attacking various facilities in the
• 44:49
  Speaker 2: Uranian side of the States Strait of Homos. They were
• 44:52
  Speaker 2: tucking military targets and this was expected to go on
• 44:58
  Speaker 2: for hours. They're attacking port facilities. I mean, to me,
• 45:05
  Speaker 2: it's just unbelievable. It's unbelievable that there are any targets
• 45:08
  Speaker 2: left still to hit. It's unbelievable that the United States
• 45:12
  Speaker 2: allows Ian to keep rearming and to keep its ports,
• 45:16
  Speaker 2: for example open. I mean one way, I mean, they
• 45:19
  Speaker 2: should have done this on day two of the war.
• 45:21
  Speaker 2: Destroy every single ports in Iran. Just take out all
• 45:25
  Speaker 2: their cranes, all their port facilities, and make it impossible
• 45:29
  Speaker 2: to import the export out of Iran. You know that
• 45:32
  Speaker 2: would be easy. But there's still you know, targeting Unian
• 45:40
  Speaker 2: air defense systems, which they keep bolstering with equipment from China.
• 45:44
  Speaker 2: They're attacking coastal surveillance systems, which you think we would
• 45:49
  Speaker 2: have already destroyed. But maybe they're also boastering those with
• 45:52
  Speaker 2: Chinese products. Grunted air missiles, launch site fanti ship cruise missiles,
• 46:00
  Speaker 2: and drones, that's what they're as well as ports facilities,
• 46:04
  Speaker 2: that's what they're bombing. Again, it said that this would
• 46:09
  Speaker 2: that they would this would go on for a while.
• 46:13
  Speaker 3: Uh.
• 46:13
  Speaker 2: It's it's uh as penalty to the Iranians for violating
• 46:18
  Speaker 2: the ceasefire. The Ranians don't care. The Uanians just testing America.
• 46:23
  Speaker 2: They want to see what the limits are. They want
• 46:25
  Speaker 2: to see how far they can go. Now, it's likely
• 46:27
  Speaker 2: that the Ranians will then later today large missile attacks
• 46:32
  Speaker 2: against US facilities in Quait and in in maybe in
• 46:35
  Speaker 2: new Ark and Saudi Arabia and Uee.
• 46:38
  Speaker 4: And then what does the US do?
• 46:39
  Speaker 2: Is it going to be tit for tat for tit
• 46:41
  Speaker 2: for tatfited for tat for tat for tit for how long?
• 46:45
  Speaker 2: When do you get to the point when do you
• 46:48
  Speaker 2: get to the point I know when I would get
• 46:50
  Speaker 2: to the point.
• 46:50
  Speaker 4: When would Trump get to the point where.
• 46:54
  Speaker 2: You just you know, you you destroy you want or
• 47:00
  Speaker 2: you destroy any capability to inflict any pain on anybody.
• 47:08
  Speaker 4: It's unbelievable to me.
• 47:10
  Speaker 2: Again, the mightiest military force in all of human history
• 47:13
  Speaker 2: and today playing tit for tat with a fifth rate
• 47:19
  Speaker 2: military like the Iranian regime that is constantly poking the Americans.
• 47:26
  Speaker 2: I mean. The harmony was buried this weekend and the
• 47:31
  Speaker 2: big cry, the big cry during the funeral was death
• 47:36
  Speaker 2: to America. The big cry was the destruction of Israel
• 47:40
  Speaker 2: and the destruction of America and death. They had science,
• 47:44
  Speaker 2: death to Trump, death to Nitennion, and you coddle them,
• 47:50
  Speaker 2: and you negotiate with them, and you play nice with them,
• 47:52
  Speaker 2: and you pretend that they are rational and good guys,
• 47:55
  Speaker 2: and it's just truly is unbelievable. But the nice people
• 48:09
  Speaker 2: running you on, the rational friendly regime running you on,
• 48:15
  Speaker 2: according to Trump.
• 48:17
  Speaker 4: Is going to keep testing. It does not want to give.
• 48:20
  Speaker 2: Up control of the Homo Straits home, the Strait of Homoes,
• 48:24
  Speaker 2: not the Homos Straits, the Strait of Homos. And they
• 48:29
  Speaker 2: will keep making it clear to ships exiting the Strait
• 48:33
  Speaker 2: that they're in charge. They're in charge, and they're will
• 48:37
  Speaker 2: need to take a lot of pain from the United States,
• 48:39
  Speaker 2: and they know that the US will not take will
• 48:43
  Speaker 2: not it is not serious about really taking them out.
• 48:48
  Speaker 2: And remember does mean a cease fire since what March
• 48:53
  Speaker 2: with home the Strait of homost We're supposed to be
• 48:56
  Speaker 2: open the entire time, and from the day one of
• 49:02
  Speaker 2: that cease fire, the Ranians have violated it and have
• 49:08
  Speaker 2: only been rewarded by Americans with money, with negotiations, with
• 49:13
  Speaker 2: sanctioned You couldn't I mean, you couldn't imagine this kind
• 49:20
  Speaker 2: of appeasement. You couldn't imagine this kind of appeasement and
• 49:25
  Speaker 2: why are these boats, Why are these ships exiting the
• 49:29
  Speaker 2: strait of Home is not being protected by us, by
• 49:31
  Speaker 2: the US Navy. Why is the US Navy not in
• 49:33
  Speaker 2: those straits ready to knock down the drones that are
• 49:37
  Speaker 2: being fired at these ships. I just don't understand. I mean,
• 49:41
  Speaker 2: there's just no strategy, no thinking. I mean, this is
• 49:47
  Speaker 2: this administration is just dumb when it comes to this.
• 49:50
  Speaker 2: It's just dumb. It's not you know, it's not the
• 49:57
  Speaker 2: Americans violating this. This is the Ranians violating it, from
• 50:00
  Speaker 2: beginning to end, from beginning to end. All right, In
• 50:13
  Speaker 2: the meantime, the talks on hold. So talks on hold.
• 50:17
  Speaker 2: That's important. All right, We are closing in on the
• 50:23
  Speaker 2: first hour. We are, like for eighty dollars short of
• 50:27
  Speaker 2: our first hour goal. So please consider doing something about that,
• 50:30
  Speaker 2: helping us out to get to the two fifty for
• 50:34
  Speaker 2: the first hour so we don't have to go into
• 50:37
  Speaker 2: the second hour in a deficit situation. It would be good,
• 50:40
  Speaker 2: you know, stickers, maybe stickers are good. Questions always good,
• 50:44
  Speaker 2: particularly twenty and fifty dollars questions particularly recommended. All right,
• 50:49
  Speaker 2: talk about Islamists there, of course, Islamists of the Ranian part.
• 50:54
  Speaker 2: And then there are Slamists who are more afiliate with
• 50:57
  Speaker 2: Sunni part of the Islamic religion and who affiliate with
• 51:03
  Speaker 2: the Muslim Brotherhood. And there's a leak leaked, supposedly, there's
• 51:07
  Speaker 2: a leak German domestic intelligence report that basically tells us
• 51:13
  Speaker 2: what we already know about the Muslim Brotherhood's intentions in Europe.
• 51:19
  Speaker 2: According to the support the Muslim Brotherhood, Islamists in general,
• 51:23
  Speaker 2: but particularly the Muslim Brotherhood are pursuing a long term
• 51:25
  Speaker 2: strategy to quote gradually transform social and political decision making
• 51:30
  Speaker 2: processes in Germany in particular, in Europe in general. The
• 51:36
  Speaker 2: Sesson warns of efforts to gain influence within the public
• 51:39
  Speaker 2: institutions rather than through violence, or rather than violence alone,
• 51:47
  Speaker 2: so violence is okay, but also through peaceful means. The
• 51:54
  Speaker 2: report comes, you know, as a bunch of so called
• 52:01
  Speaker 2: Islamic you know, charity organizations, some of which are state funded,
• 52:06
  Speaker 2: state funded by Germany. The German state are tied to
• 52:11
  Speaker 2: the Muslim Brotherhood, and indeed, among concerns about the growing
• 52:17
  Speaker 2: influence of them, of Islamism and the Muslim Brotherhood among
• 52:21
  Speaker 2: German Muslims, and as a consequence, in German society. I mean,
• 52:25
  Speaker 2: stuff like this is only going to feed the AfD,
• 52:28
  Speaker 2: it's going to feed the far right, it's going to
• 52:31
  Speaker 2: embolden them, it's going to increase the number of people
• 52:33
  Speaker 2: voting for them.
• 52:34
  Speaker 4: And of course this is absolutely true.
• 52:36
  Speaker 2: It is you know, it's it should have been not
• 52:42
  Speaker 2: a long time ago. But the Muslim Brotherhood need to
• 52:45
  Speaker 2: be declared a terrorist organization and anybody with any links
• 52:49
  Speaker 2: to them needs to be declared persona on guarda treasonous.
• 52:55
  Speaker 2: The Muslim Brotherhood is dedicated to the destruction of Germany's,
• 52:58
  Speaker 2: dedicated destruction Ringlands, dedicated destriction of France, dedicated to the
• 53:01
  Speaker 2: destruction of America, and it were too cowardly to declare
• 53:08
  Speaker 2: them an enemy.
• 53:11
  Speaker 4: And at the very least, I.
• 53:13
  Speaker 2: Mean ideally an enemy to be destroyed, but at the
• 53:16
  Speaker 2: very least an enemy not to be coddled, not to
• 53:19
  Speaker 2: be embraced, not to be brought in. I mean, the
• 53:23
  Speaker 2: United States Muslim Brotherhood is active through care the Committee
• 53:27
  Speaker 2: for Something Something Islamics Something, which is a mainstream Muslim
• 53:32
  Speaker 2: organization in the United States but is clearly affiliated with
• 53:36
  Speaker 2: the Muslim Brotherhood, and it's all over Europe. The Mosques,
• 53:41
  Speaker 2: Muslim Brotherwood, mosques and Muslim other organizations and charities and
• 53:46
  Speaker 2: everything and all of the radical activism, because not all
• 53:49
  Speaker 2: Muslims are radical, and the non radical Muslims are not
• 53:52
  Speaker 2: a threat to Europe. But the radical Muslims they need
• 53:56
  Speaker 2: to be out or they need to be in jail.
• 53:59
  Speaker 2: But if they're affiliated with the Muslim Brotherhood, they're affiliated
• 54:02
  Speaker 2: without treason. This organization dedicated to the destruction of the state,
• 54:08
  Speaker 2: and therefore it's fine to ban them, to arrest them,
• 54:13
  Speaker 2: to deport them, to get rid of them. Sames tru
• 54:16
  Speaker 2: In the United States, Trump has banned certain chapters of
• 54:21
  Speaker 2: the Muslim Brotherhood in the places where it's at least
• 54:25
  Speaker 2: offensive to ban them, but it's not rarely acted against
• 54:30
  Speaker 2: Muslim Brotherhood in the United States, and again not acted
• 54:35
  Speaker 2: against the most important, most powerful, and best funded branch
• 54:41
  Speaker 2: of the Muslim Brotherhood, and that is the Katawi Muslim
• 54:44
  Speaker 2: Brotherhood that the Muslim Brotherhood leadership spokesman are sitting Kato
• 54:52
  Speaker 2: and the United States are not banning them, They're not
• 54:54
  Speaker 2: sanctioned them. They shanctioned them way too relevant. It's like
• 55:00
  Speaker 2: Trump's Muslim immigration ban. You know, band Muslims, who have
• 55:05
  Speaker 2: you know, from coming to the United States from places
• 55:07
  Speaker 2: that have never been a threat to the United States.
• 55:09
  Speaker 2: But if you're Saudi, remind you fifteen of the nineteen
• 55:12
  Speaker 2: terrorists and nine to eleven were Saudis. If you're Saudi, yeah, yeah,
• 55:29
  Speaker 2: two billion peaceful Muslims. God, Tommy, you are delusional. You
• 55:34
  Speaker 2: are really delusional. I mean, you've obviously completely detached from
• 55:39
  Speaker 2: what's going on in the world. Know nothing about history,
• 55:43
  Speaker 2: have not read these Muslims, have no concept of what
• 55:48
  Speaker 2: is going on in the Muslim world and what these
• 55:51
  Speaker 2: two billion, peaceful, oh, peaceful Muslims are really all about. Anyway,
• 55:57
  Speaker 2: maybe Europe is waking up. Maybe not. When it does
• 56:00
  Speaker 2: wake up, it's waking up with a populist right wing
• 56:04
  Speaker 2: which is going to do a lot of not so
• 56:08
  Speaker 2: good things, not so good things. Hey, we talked about
• 56:11
  Speaker 2: this at the end of the day. This is really
• 56:13
  Speaker 2: good news. You know, Cuba's actually moving forward with market reforms.
• 56:23
  Speaker 2: I talked about this a month ago, but you know,
• 56:25
  Speaker 2: it's getting more and more reinforcement, more and more people
• 56:28
  Speaker 2: are writing about it in the press. But the fact is,
• 56:35
  Speaker 2: the fact is that the cubes National Assembly has unanimously
• 56:45
  Speaker 2: approved a package of one hundred and seventy six market
• 56:49
  Speaker 2: oriented reforms by fall, the most radical reform since the
• 56:55
  Speaker 2: nineteen fifty nine revolution. For the first time, private companies
• 56:59
  Speaker 2: will be a minute to employ more than one hundred people.
• 57:02
  Speaker 2: Private banks will be allowed to operate private banks. Wow.
• 57:06
  Speaker 2: Foreign investors will no longer be required to form joint
• 57:09
  Speaker 2: ventures with state Cubans will be able to own multiple
• 57:14
  Speaker 2: businesses simultaneously. The state monopoly on foreign trade is going
• 57:21
  Speaker 2: to be dismantled. Fast fruit chains McDonald's, Starbucks can set
• 57:29
  Speaker 2: up shop in Havana. The President of Cuba, Miguel Diaz Canal,
• 57:39
  Speaker 2: actually acknowledge that it's been a mistake that these reforms
• 57:43
  Speaker 2: were not passed earlier. He cited China and Vietnam as models.
• 57:53
  Speaker 2: In nineteen seventy eight, China was one of the poorest
• 57:55
  Speaker 2: countries in the world. People literally dying of starvation. Capita
• 58:00
  Speaker 2: income was a tiny fraction of what it is today.
• 58:04
  Speaker 2: Dan Champag liberalized much of China, you know, and completely
• 58:12
  Speaker 2: changed the Chinese economy and the way it was run.
• 58:14
  Speaker 2: It stayed a dictatorship, but it stopped being communist, stopped
• 58:20
  Speaker 2: being communist Vietnam in the mid nineteen eighties was beset
• 58:29
  Speaker 2: by hyperinflation and food fotages, and the Communist Party of
• 58:34
  Speaker 2: Vietnam in nineteen eighty six launched a program called Doi Moi,
• 58:38
  Speaker 2: Doi Moi, or Renovation. It was a shift to what
• 58:42
  Speaker 2: the party labeled a socialist oriented market economy. And look,
• 58:51
  Speaker 2: a little bit of freedom goes a long way, a
• 58:53
  Speaker 2: little bit of markets go a long way.
• 58:57
  Speaker 4: In Vietnam.
• 58:58
  Speaker 2: The effort, this is from Wallseage own a story. Definite
• 59:01
  Speaker 2: legalized private enterprises. It opened the country up to fund investment.
• 59:05
  Speaker 2: It decollectivized agriculture. That's huge. Collectivized agriculture is a killer,
• 59:11
  Speaker 2: literally a killer through starvation. So it in a sense
• 59:16
  Speaker 2: privatized agriculture and yet maintained a single party political control.
• 59:24
  Speaker 2: Before decollectivized farming, Vietnam was dependent on food imports. Today
• 59:32
  Speaker 2: it's a huge food exporter. Indeed, it's one of the
• 59:35
  Speaker 2: world's largest rice exporters. And you know Vietnam, which was
• 59:44
  Speaker 2: basically all you know, number of extremely poor was was
• 59:49
  Speaker 2: was vast numbers of the population were extremely poor. Into
• 59:53
  Speaker 2: communism have become more prosperous. They basically ended extreme poverty.
• 1:00:02
  Speaker 2: So Cuba's following in the line of communist countries that
• 1:00:06
  Speaker 2: have embraced certain limited market reforms. Over the past six years,
• 1:00:14
  Speaker 2: Cuba's economy is contracted by fifteen percent. It wasn't that
• 1:00:18
  Speaker 2: rich even before, but it was being subsidized by Venezuela
• 1:00:21
  Speaker 2: and maybe Russia. That went away and it contracted. Power
• 1:00:28
  Speaker 2: outages have lasted over the last year, have been you know,
• 1:00:34
  Speaker 2: electricity is only on part of the part of the day.
• 1:00:38
  Speaker 2: There was a nationwide blackout in October twenty twenty four
• 1:00:41
  Speaker 2: that left the entire country dog for days. And of
• 1:00:48
  Speaker 2: course Trump has been putting on massive amount of economic pressure,
• 1:00:53
  Speaker 2: restricting shipments of oil into the country, and I think
• 1:00:57
  Speaker 2: Rubio behind the scenes have been pushing for this liberalization
• 1:01:01
  Speaker 2: of the Cuban economy.
• 1:01:04
  Speaker 4: So, you know, this is good. It's good for the
• 1:01:08
  Speaker 4: Cuban people.
• 1:01:09
  Speaker 2: They'll be in one dimension of their life, the economic dimension,
• 1:01:12
  Speaker 2: a little freer, maybe quite a bit freer.
• 1:01:15
  Speaker 4: How far this will go, we'll see, we will see.
• 1:01:20
  Speaker 2: And how quickly it impacts the lives of Cubans. It'll
• 1:01:27
  Speaker 2: happen fairly quickly, I think, particularly given the potential for
• 1:01:31
  Speaker 2: a significant investment from Cubans in America. They are wealthy
• 1:01:35
  Speaker 2: Cubans in America I think would love to invest in
• 1:01:37
  Speaker 2: Cuba if they thought those investments were safe. So there's
• 1:01:44
  Speaker 2: a real opportunity here that for the first time since
• 1:01:47
  Speaker 2: the communist revolution, Cuba will be on a path towards
• 1:01:51
  Speaker 2: more freedom. And because of the proximity to the United States,
• 1:01:55
  Speaker 2: I think there's a decent chance that economic freedom will
• 1:02:01
  Speaker 2: lead to political freedom in ways that it didn't enventime
• 1:02:04
  Speaker 2: in China because they don't really have a model to
• 1:02:06
  Speaker 2: emulate versus Cuba, which is right there and has a
• 1:02:11
  Speaker 2: huge diaspora of Cubans who live in the US, who
• 1:02:14
  Speaker 2: know what political freedom is like involved politically in the
• 1:02:18
  Speaker 2: United States, and who can bring that agenda to Cuba.
• 1:02:23
  Speaker 2: I hope what the Trump administration does is lift the
• 1:02:27
  Speaker 2: sanctions on Cuba. I don't believe the sanctions should have
• 1:02:31
  Speaker 2: been imposed. Cuba is not a threat to the US,
• 1:02:34
  Speaker 2: and or at least connect the lifting of sanctions to
• 1:02:38
  Speaker 2: the actual implementation of the reforms and allow Americans to
• 1:02:41
  Speaker 2: start investing in Cuba, and to extend, Americans do invest
• 1:02:44
  Speaker 2: in Cuba, hopefully they push that country and move that
• 1:02:47
  Speaker 2: country towards more freedom. We will see, we will see.
• 1:02:51
  Speaker 2: But a little bit of freedom is better than no
• 1:02:55
  Speaker 2: freedom at all. So I salute the Cuban people. All right,
• 1:03:00
  Speaker 2: let's see what else do we have? Yes, Marilla Penn.
• 1:03:03
  Speaker 2: If you remember a story about a year ago, we
• 1:03:05
  Speaker 2: talked about this. The Marilla Penn had been barred from
• 1:03:09
  Speaker 2: running for office for five years because of a conviction
• 1:03:14
  Speaker 2: for basically fraud, for using.
• 1:03:19
  Speaker 4: EU money for.
• 1:03:22
  Speaker 2: Own election campaign or something like that. Anyway, the conviction
• 1:03:28
  Speaker 2: she was misusing European Parliament funds, right anyway, the conviction
• 1:03:33
  Speaker 2: she appealed and it went in front of a three
• 1:03:36
  Speaker 2: judge all appellate court with I think three judges, and
• 1:03:42
  Speaker 2: the judges decided to keep the conviction, but they changed
• 1:03:47
  Speaker 2: the sentence and they bought her for seeking office instead
• 1:03:50
  Speaker 2: of for five years, for fifteen months. Fifteen months that
• 1:03:55
  Speaker 2: have already passed. So this clears the p for La
• 1:04:00
  Speaker 2: Penn to run for President of France in the election
• 1:04:04
  Speaker 2: next year. Now we will see that the verdict is
• 1:04:09
  Speaker 2: still being appealed to one more I guess level above.
• 1:04:15
  Speaker 2: But and it could be that she will have to
• 1:04:19
  Speaker 2: run while wearing an electronic bracelet because they did rule
• 1:04:27
  Speaker 2: that she be given a three year prisons term, with
• 1:04:30
  Speaker 2: two of the years suspended and the remaining year served
• 1:04:35
  Speaker 2: wearing an electronic bracelet. That could be while she's running
• 1:04:39
  Speaker 2: for president, which would be a little bizarre. Lapenn went
• 1:04:44
  Speaker 2: on television and said tonight, I'm the candidate for the
• 1:04:47
  Speaker 2: presidential election, and she also planned to appeal to Francis
• 1:04:54
  Speaker 2: High Court the fact that she would have to wear
• 1:04:56
  Speaker 2: a bracelet, so she's hoping that she won't have to
• 1:04:59
  Speaker 2: do that. Anyway, she is the favorite. She leads in
• 1:05:04
  Speaker 2: the polls. You know she wasn't going to run. Jordan
• 1:05:08
  Speaker 2: Badea Badella, who is her number two, would have run.
• 1:05:14
  Speaker 2: It might be possible that he would have a higher
• 1:05:17
  Speaker 2: chance of winning in France that she does. She's got
• 1:05:20
  Speaker 2: still a tainted reputation from her father and people don't
• 1:05:24
  Speaker 2: like her agenda, but Budella has the same agenda.
• 1:05:28
  Speaker 4: Anyway, she is going to be the favorite.
• 1:05:31
  Speaker 2: Her party is the most popular party in France right now.
• 1:05:38
  Speaker 2: In her approval rating is a thirty nine percent, which
• 1:05:41
  Speaker 2: is higher than anybody else. Mccorn cannot run again. He
• 1:05:46
  Speaker 2: has termed limited out of the presidency, and nobody prominent
• 1:05:53
  Speaker 2: who can draw more than thirty nine percent apooval rating,
• 1:05:56
  Speaker 2: and she has.
• 1:05:57
  Speaker 4: The question is can she win?
• 1:05:59
  Speaker 2: Oh? Will everybody else unite against her? That's what's happened
• 1:06:02
  Speaker 2: in the past. She has gotten the most votes in
• 1:06:05
  Speaker 2: the first round and then lost in the second round
• 1:06:09
  Speaker 2: because all the centrist, the soft right, and the left
• 1:06:13
  Speaker 2: rallied around the alternative candidate.
• 1:06:15
  Speaker 4: The problem this time is going to be for.
• 1:06:19
  Speaker 2: The anti Lapenn people is that the alternative candidate is
• 1:06:23
  Speaker 2: probably going to be a fall left candidate. So it's
• 1:06:26
  Speaker 2: going to be between the fall left and the far right.
• 1:06:29
  Speaker 2: And given that as an alternative, you know, I don't
• 1:06:34
  Speaker 2: know if people will vote for the fall left when
• 1:06:37
  Speaker 2: it was McCaughan, who was a centrist, Okay, But will
• 1:06:41
  Speaker 2: they vote for fall leftist in the face of Lapel
• 1:06:44
  Speaker 2: when they stay home, will they suck it up and
• 1:06:47
  Speaker 2: vote for La Penn? How to tell? We will find out.
• 1:06:52
  Speaker 2: I guess we will find out next year. But La Penn,
• 1:06:57
  Speaker 2: it appears, will be running for president. All right. Let's see.
• 1:07:12
  Speaker 2: In terms of the good News segment of the show,
• 1:07:16
  Speaker 2: we've talked about the reduction and crime. We've talked about
• 1:07:18
  Speaker 2: the reductions in California and in New York and nationwide,
• 1:07:26
  Speaker 2: we are living in terms of murder rates and in
• 1:07:28
  Speaker 2: terms of shootings, we're living in the safest period ever
• 1:07:33
  Speaker 2: in American history, in all of American history, crime per
• 1:07:36
  Speaker 2: capita per one hundred thousand. Well, it turns out that
• 1:07:40
  Speaker 2: that is even true in terms of reductions. Maybe not
• 1:07:43
  Speaker 2: in terms of safety, but in terms of reductions even
• 1:07:46
  Speaker 2: in Chicago. Chicago, where the stories about murders and shootings
• 1:07:52
  Speaker 2: often were in the headlines, particularly in the COVID and
• 1:07:55
  Speaker 2: post COVID period. The head of the Chicago Police Department,
• 1:08:00
  Speaker 2: who has served in that over the last three years
• 1:08:02
  Speaker 2: and has seen a reduction this year of murder by
• 1:08:09
  Speaker 2: thirty two percent and of.
• 1:08:15
  Speaker 4: Shootings by forty one percent.
• 1:08:17
  Speaker 2: Which is huge compared to twenty twenty three, is under
• 1:08:21
  Speaker 2: his term, he's seen a thirty two percent decline of
• 1:08:24
  Speaker 2: forty one percent decline in murder and shootings, is retiring.
• 1:08:29
  Speaker 2: He is, he is leaving. He's done, obviously a a
• 1:08:33
  Speaker 2: what seems like a good deal, you know, a good job.
• 1:08:42
  Speaker 2: We'll see, We'll see who replaces him. We'll see if
• 1:08:46
  Speaker 2: Chicago continue this trend. It was really bloody in Chicago
• 1:08:50
  Speaker 2: in twenty one twenty two. So to see this kind
• 1:08:53
  Speaker 2: of declines is good news. It's definitely a positive. There's
• 1:08:57
  Speaker 2: something about policing and there's something about I don't know,
• 1:09:01
  Speaker 2: a cultural change that has reduced violent crime significantly in America. Well,
• 1:09:06
  Speaker 2: it's gone back to the trend it was on before COVID.
• 1:09:10
  Speaker 2: I mean, the trend has been reduction in crime since
• 1:09:14
  Speaker 2: the early nineteen nineties. You know, COVID was and was
• 1:09:19
  Speaker 2: this blip up, a dramatic blip up. And then since
• 1:09:22
  Speaker 2: then we've returned to trend. We've returned to the ongoing decline. Finally,
• 1:09:29
  Speaker 2: this is kind of a cool story. There is a
• 1:09:33
  Speaker 2: getting ready for actual consumer sales to consumers. Is a
• 1:09:38
  Speaker 2: new AI powered consumer ready humanoid robot that is designed
• 1:09:46
  Speaker 2: for the home environment and for personal assistance. It's developed
• 1:09:52
  Speaker 2: by a company called one x It's and it's owned
• 1:09:57
  Speaker 2: or backed by open Ai. It features a soft, flexible exterior.
• 1:10:05
  Speaker 4: It walks on two.
• 1:10:06
  Speaker 2: Legs, and it's pretty amazing. It can fold laundry, it
• 1:10:13
  Speaker 2: can do the washing for you. It can fetch objects,
• 1:10:17
  Speaker 2: it can open doors. I wonder it probably can answer
• 1:10:22
  Speaker 2: your questions like an AI right. It stands five to
• 1:10:25
  Speaker 2: six tall five feet six inches. It weighs about sixty
• 1:10:31
  Speaker 2: six pounds, so no gop one's no need for gop
• 1:10:35
  Speaker 2: one's for it. Because it's very slim, very light weight.
• 1:10:39
  Speaker 2: It's wrapped in a custom Polyama soft suit to ensure
• 1:10:44
  Speaker 2: it is soft and comfortable around humans and pets. If
• 1:10:48
  Speaker 2: it falls, it's not going to do a lot of
• 1:10:49
  Speaker 2: damage because it's light and it's soft. It can lift
• 1:10:54
  Speaker 2: up to one hundred and fifty four pounds carry up
• 1:10:58
  Speaker 2: to fifty five pounds. All right, so it's it's okay.
• 1:11:02
  Speaker 2: It's like wait, but it's not super strong. It uses
• 1:11:07
  Speaker 2: tendon driven actuation to mimic human muscles rather than rigid gears,
• 1:11:14
  Speaker 2: allowing for fluid natural movement. It operates about four hours
• 1:11:19
  Speaker 2: per charge and autonomously plugs itself into the dark when
• 1:11:24
  Speaker 2: it runs low. I like that. I like I like that.
• 1:11:27
  Speaker 2: I like the fact that it's it's a it's a
• 1:11:28
  Speaker 2: robot that actually it definitely vacuums.
• 1:11:31
  Speaker 5: It can vacuum. Definitely vacuums. I saw a picture of
• 1:11:34
  Speaker 5: it vacuuming. It's yeah, you can. You can check it out.
• 1:11:40
  Speaker 5: But just put Neo into Google search and you can
• 1:11:42
  Speaker 5: find pictures. It features an onboard AI driven by large
• 1:11:46
  Speaker 5: language models and a visual language module, allowing it to navigate,
• 1:11:52
  Speaker 5: hold conversations, and perform basic chows.
• 1:11:58
  Speaker 2: If it needs to do something more complex, then you
• 1:12:03
  Speaker 2: it will get there. You will get an operator somebody
• 1:12:06
  Speaker 2: at the company who will then guide the robot through
• 1:12:10
  Speaker 2: the motions of what it needs to do. If it
• 1:12:12
  Speaker 2: kind of loses its if it if it doesn't understand
• 1:12:15
  Speaker 2: a command, or if it doesn't if it doesn't know
• 1:12:17
  Speaker 2: how to do a particular task. In other words, uh,
• 1:12:22
  Speaker 2: it will go in search open EI, it will chuge
• 1:12:25
  Speaker 2: you pet and asking how to do the task. But no,
• 1:12:27
  Speaker 2: it can get just like weymo if a weymo gets stuck,
• 1:12:31
  Speaker 2: like sometimes it happened to me once in Austin a
• 1:12:33
  Speaker 2: Weymo got stuck. You know, Uh, the road to the
• 1:12:36
  Speaker 2: right was to narrow the road to the left. There
• 1:12:41
  Speaker 2: was some other obstacle. It didn't know what to do.
• 1:12:43
  Speaker 2: So you you, you press a button and you get
• 1:12:46
  Speaker 2: a You get some guy somewhere who has access to
• 1:12:50
  Speaker 2: the car and can guide it through the process. So
• 1:13:04
  Speaker 2: well wait, well, you know, I'm looking forward to getting
• 1:13:07
  Speaker 2: one of those. It should be It should be a
• 1:13:10
  Speaker 2: lot of fun. It should be uh, it should be exciting.
• 1:13:14
  Speaker 2: So God so that I would call so that my
• 1:13:25
  Speaker 2: friends is the news for this Tuesday, July seventh. Thanks
• 1:13:30
  Speaker 2: for joining me. Uh, don't forget to ask questions in
• 1:13:33
  Speaker 2: the super chat. You can thus control the content of
• 1:13:37
  Speaker 2: the show. I will talk about what you want me
• 1:13:40
  Speaker 2: to talk about because you get to ask the questions
• 1:13:43
  Speaker 2: that dictate the rest of the show.
• 1:13:50
  Speaker 1: One second, let me just see. Yeah, this isn't right, all.
• 1:14:06
  Speaker 2: Right, let's see, yeah, so that is? That is so,
• 1:14:18
  Speaker 2: don't forget super chat. You can use the stickers to
• 1:14:20
  Speaker 2: support the show. U through the stickers and uh, let's
• 1:14:25
  Speaker 2: see what else? Can I wash? Hodwoods slows I don't know,
• 1:14:31
  Speaker 2: check it out, google it or ask chetchipet chatcha pet.
• 1:14:34
  Speaker 4: Will let you know, We'll let you know.
• 1:14:38
  Speaker 2: Let's see. Yeah, you can support the show through Patreon
• 1:14:46
  Speaker 2: patreon dot com and just put you on book show
• 1:14:48
  Speaker 2: and you can go on a monthly supporter. Also, as
• 1:14:51
  Speaker 2: some of you know because I talked about this yesterday,
• 1:14:53
  Speaker 2: I am raising money for a special series.
• 1:14:56
  Speaker 4: Of videos that I plan to film.
• 1:15:00
  Speaker 2: A plan to film these videos in London this September
• 1:15:04
  Speaker 2: with a film crew and with a dedicated you know,
• 1:15:12
  Speaker 2: filmmaker in London. We're going to make these We're going
• 1:15:16
  Speaker 2: to make three videos at least that's the plan right now.
• 1:15:19
  Speaker 2: These videos are going to cover my journey to objectivism
• 1:15:23
  Speaker 2: and through objectivism. We're going to talk about London and capitalism.
• 1:15:27
  Speaker 2: We're going to talk about Western civilization, art and agriculture, agriculture, architecture.
• 1:15:34
  Speaker 2: We're going to be out in the streets of London
• 1:15:36
  Speaker 2: filming also studio shots.
• 1:15:39
  Speaker 4: Nicos will be there.
• 1:15:40
  Speaker 2: He'll be doing a lot of the interviewing and kind
• 1:15:43
  Speaker 2: of the guiding of the show. Although this will be
• 1:15:47
  Speaker 2: well planned, it's also going to be really well marketed
• 1:15:50
  Speaker 2: after the fact to try to create a vible effect
• 1:15:53
  Speaker 2: and try to really get these this videos to be
• 1:15:56
  Speaker 2: seen by tens of thousands, maybe hundreds of thousands of people,
• 1:16:00
  Speaker 2: with the idea of help this helping grow subscriptions significantly.
• 1:16:05
  Speaker 2: Subscriptions are growing really really nicely the last ten to
• 1:16:08
  Speaker 2: eleven days, but we want that to be sustained. We
• 1:16:10
  Speaker 2: need to keep pumping and trying, pumping new material, but
• 1:16:13
  Speaker 2: really trying new things, trying new things, and so that
• 1:16:19
  Speaker 2: that'll be one of the things that we that'll be
• 1:16:21
  Speaker 2: one of the things that we try to do this.
• 1:16:25
  Speaker 2: I need to raise fifteen thousand dollars. Almost all that
• 1:16:30
  Speaker 2: money goes to the production team, so to the production
• 1:16:33
  Speaker 2: team plus nicos paying their travel expenses. Well, the production
• 1:16:36
  Speaker 2: team is in London, but paying for the production, for
• 1:16:39
  Speaker 2: the editing of the videos, for the creation of the videos,
• 1:16:42
  Speaker 2: and it's going to be kind of documentary style, and
• 1:16:45
  Speaker 2: for the marketing of it. So the bulk of ten
• 1:16:48
  Speaker 2: thousand goes to that. The rest goes mainly for travel
• 1:16:52
  Speaker 2: expenses for me, so you know, to cover my ability
• 1:16:57
  Speaker 2: to get there and to stay at a hotel in
• 1:16:59
  Speaker 2: London and for the days that I'm there. So fifteen
• 1:17:03
  Speaker 2: thousand dollars not a lot of money. If you think
• 1:17:06
  Speaker 2: about how much it costs a producer documentary, this is
• 1:17:10
  Speaker 2: actually peanuts. I've had people say, no, you can't do it.
• 1:17:13
  Speaker 2: It's through little money. You're not raising enough money, you're
• 1:17:16
  Speaker 2: on that's the problem. Anyway, we're raising fifteen If we
• 1:17:20
  Speaker 2: raise more, that'd be great. I announce this yesterday. We already
• 1:17:24
  Speaker 2: have raised I haven't counted with something. It appears to
• 1:17:27
  Speaker 2: me around four to five thousand, so we're still looking
• 1:17:30
  Speaker 2: for another ten thousand, for one hundred, for one thousand dollars,
• 1:17:34
  Speaker 2: you can be an executive producer of the show. Now,
• 1:17:40
  Speaker 2: I will include a link in the chat for where
• 1:17:44
  Speaker 2: you can you can find information about this. Let me
• 1:17:50
  Speaker 2: just find it one second, where you can get the
• 1:17:55
  Speaker 2: information about it. Let's see where else can I put this?
• 1:17:58
  Speaker 2: If you go to my Patreon page, it's so if
• 1:18:01
  Speaker 2: you go to patreon dot com slash cw slash yourn
• 1:18:04
  Speaker 2: book show slash posts. So if you go to my
• 1:18:07
  Speaker 2: page on Patreon, if you look for posts, then you
• 1:18:10
  Speaker 2: will see the post with all the information about it
• 1:18:14
  Speaker 2: and how to contribute if you would like to contribute. Right,
• 1:18:18
  Speaker 2: So it is the third post down right now, because
• 1:18:21
  Speaker 2: every new show creates a post, so it's a third
• 1:18:24
  Speaker 2: new post. It's the Irun Book London Documentary Project. Thank
• 1:18:30
  Speaker 2: you to all the people who have already.
• 1:18:33
  Speaker 4: Sent in funds.
• 1:18:34
  Speaker 2: As I said, somewhere between four to five thousand I
• 1:18:36
  Speaker 2: think have already been raised, maybe more again, I haven't
• 1:18:40
  Speaker 2: counted that.
• 1:18:40
  Speaker 4: That was my first impression.
• 1:18:42
  Speaker 2: And you guys, you guys should should consider supporting this,
• 1:18:47
  Speaker 2: particularly if you can those of you can and are
• 1:18:50
  Speaker 2: so inclined. One thousand dollars, will listed as an executive
• 1:18:54
  Speaker 2: producer and you'll get a special kind of zoo room
• 1:19:00
  Speaker 2: with me and Nikos and maybe the producers. So if
• 1:19:04
  Speaker 2: you can do one thousand dollars, that would be great.
• 1:19:08
  Speaker 2: If a few people do one thousand dollars, the fifteen
• 1:19:10
  Speaker 2: thousand will get raised very very quickly. The faster that
• 1:19:13
  Speaker 2: we raise it, the fast I can commit to going
• 1:19:17
  Speaker 2: to do it. So please consider doing it in the
• 1:19:21
  Speaker 2: next few days. Again, for those of you particularly can
• 1:19:25
  Speaker 2: afford it, a thousand dollars can be great. Of course,
• 1:19:28
  Speaker 2: you can do more than a thousand dollars if you
• 1:19:30
  Speaker 2: want to, but one thousand dollars would be great, greatly appreciated.
• 1:19:35
  Speaker 2: All right, remind you Iran Institute is a sponsor of
• 1:19:38
  Speaker 2: the show. You can sign up for AARI courses AI
• 1:19:44
  Speaker 2: live right now.
• 1:19:45
  Speaker 4: I'm teaching. I started today.
• 1:19:47
  Speaker 2: The course on Globalization and Trade first class was today.
• 1:19:53
  Speaker 2: You can catch up. You can watch it after the fact.
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• 1:20:18
  Speaker 2: Sponsor and another sponsors Alex Epstein. Alex Epstein is the
• 1:20:23
  Speaker 2: world expert on all things energy. He's also becoming more
• 1:20:27
  Speaker 2: and more of an advocate for AI and particularly AI
• 1:20:29
  Speaker 2: data centers. So you're going to see him in the media,
• 1:20:34
  Speaker 2: you know, defending the building of AI data centers. There's
• 1:20:37
  Speaker 2: a huge clampdown on this particularly really everywhere, everywhere where
• 1:20:41
  Speaker 2: they're trying to build data centers, there's opposition. So this
• 1:20:44
  Speaker 2: is important work. Help him do his work by just
• 1:20:48
  Speaker 2: reading his stuff, by learning from him, using the information
• 1:20:52
  Speaker 2: he provides, you to become advocates for these ideas alex Epstein,
• 1:20:56
  Speaker 2: Substick dot com and finally, Defenders of Capitalism. Defenders of
• 1:21:00
  Speaker 2: Capitalism Michael Williams's project, which I've been working with him
• 1:21:03
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• 1:21:10
  Speaker 2: sign up for the newsletter. All right, let's see what
• 1:21:16
  Speaker 2: do we what do we have? All right, let's go
• 1:21:27
  Speaker 2: to the super check the super check.
• 1:21:29
  Speaker 4: Don't forget.
• 1:21:30
  Speaker 2: You can become monthly supporters of the show on both
• 1:21:33
  Speaker 2: Patreon and PayPal. Uh just put in you on book
• 1:21:36
  Speaker 2: show and join us as as monthly supporters. Incredibly valued
• 1:21:41
  Speaker 2: because that way I know what income is coming in
• 1:21:44
  Speaker 2: month to month. Randall from Australia fifty Australian dollars, Thank you, Andre,
• 1:21:51
  Speaker 2: Hi you on your fourth of July.
• 1:21:53
  Speaker 4: Fourth show was one of your best. Well done.
• 1:21:55
  Speaker 2: Thank you. As an Australian, I'm grateful to the United States.
• 1:21:59
  Speaker 2: The America Revolution led Britain to settle Australia and we've
• 1:22:03
  Speaker 2: benefited greatly from the enduring US Australia alliance. Yeah, thank
• 1:22:08
  Speaker 2: you Andal. And again the United States spread the idea
• 1:22:12
  Speaker 2: of freedom. To the extent that Australia is free shrinking
• 1:22:15
  Speaker 2: by the day, I guess, But to the extent that
• 1:22:17
  Speaker 2: it's free to a large extent, that comes from America
• 1:22:21
  Speaker 2: and the inspiration that America represented. Thank you for the
• 1:22:25
  Speaker 2: support our DC. Also from Australia, fifty Australian dollars, Thank you.
• 1:22:31
  Speaker 2: What are your thoughts about AI abundance making scarcity a
• 1:22:34
  Speaker 2: thing of the past. Many commentators seem to think capitalism
• 1:22:37
  Speaker 2: will become obsolete because the cost of everything will fall
• 1:22:40
  Speaker 2: to near zero. I mean, I think that's ridiculous. Will
• 1:22:43
  Speaker 2: the cost of going to Mars fall towards zero, No,
• 1:22:46
  Speaker 2: it'll fall, but it won't go to zero. What people
• 1:22:49
  Speaker 2: don't understand is scarcity is never the issue. The issue
• 1:22:55
  Speaker 2: is human desires, human wants, needs, not the needs just
• 1:23:02
  Speaker 2: to stay alive, but the needs of an ambitious human
• 1:23:06
  Speaker 2: being who wants to live the best life that he can.
• 1:23:09
  Speaker 2: And human wants, desired needs are infinite. There's no limit
• 1:23:14
  Speaker 2: to what we want. As a consequence, there's always new stuff,
• 1:23:20
  Speaker 2: new places to go, new stuff to do, new stuff
• 1:23:24
  Speaker 2: to buy. And as a consequence, there's always a need
• 1:23:29
  Speaker 2: for entrepreneurs to imagine and to produce. And yes, production
• 1:23:37
  Speaker 2: costs keep dropping. We'll keep getting cheaper, and that's great,
• 1:23:41
  Speaker 2: and we will become richer I said on the show.
• 1:23:45
  Speaker 2: I said on a here's a little exercise for you guys.
• 1:23:49
  Speaker 4: Today.
• 1:23:50
  Speaker 2: GDP per capita in the United States is something around
• 1:23:52
  Speaker 2: ninety thousand dollars per capita. GDP per capita is a
• 1:23:55
  Speaker 2: measure of income, wealth, income primariity of Americans. This is
• 1:24:00
  Speaker 2: that's what an average American take all the income produced
• 1:24:03
  Speaker 2: by Americans divided by the population. It's somewhere in that range, right.
• 1:24:07
  Speaker 2: Imagine the US grows at about two percent a year
• 1:24:11
  Speaker 2: in real terms adjusted for inflation, over the next two
• 1:24:16
  Speaker 2: hundred and fifty years, and we're sitting here in the
• 1:24:18
  Speaker 2: five hundredth anniversary of the Declaration of independence. If the
• 1:24:25
  Speaker 2: economy grows only at two percent a year every year,
• 1:24:30
  Speaker 2: inflation adjusted, what would GDP per capita be in two
• 1:24:37
  Speaker 2: hundred and fifty years? Now, you know you have to
• 1:24:41
  Speaker 2: assume certain demographic transport. Let's assume the population is not
• 1:24:45
  Speaker 2: going to shrink dramatically and not going to grow dramatically.
• 1:24:51
  Speaker 2: GDP per capita would be fourteen million dollars per person
• 1:24:56
  Speaker 2: to every person in the United States would be owning
• 1:24:58
  Speaker 2: in inflation adjusted fourteen million dollars at fourteen million dollars,
• 1:25:07
  Speaker 2: not five hundred thousand, fourteen million dollars. Now, scarcity, as
• 1:25:17
  Speaker 2: people understand it, disappears when you're earning fourteen million dollars,
• 1:25:21
  Speaker 2: you can afford everything. Well, but can you? I mean,
• 1:25:26
  Speaker 2: can you afford the spaceship to Mars? Can you afford
• 1:25:31
  Speaker 2: a vacation home on the moons of Saturn? Can you
• 1:25:36
  Speaker 2: afford the latest greatest autonomous flying car. I don't know,
• 1:25:42
  Speaker 2: and I don't know what the technology of tw hundred
• 1:25:44
  Speaker 2: and fift years when it is going to be. But
• 1:25:47
  Speaker 2: the point is they were always striving for more, and
• 1:25:53
  Speaker 2: there's only one thing that's scarce, and there's only one
• 1:25:56
  Speaker 2: thing that's always been scarce.
• 1:25:59
  Speaker 4: The only thing that's scarce.
• 1:26:01
  Speaker 2: Is human ingenuity. Because the next thing is that it
• 1:26:09
  Speaker 2: hasn't been discovered yet, that hasn't been invented yet. There's
• 1:26:13
  Speaker 2: quote the scarcity on it, but that's a weird name
• 1:26:16
  Speaker 2: to call it. Once people figure out how to produce,
• 1:26:19
  Speaker 2: it's not scarce anymore. It's just an issue of who
• 1:26:23
  Speaker 2: can afford it. And we will get richer and richer.
• 1:26:28
  Speaker 2: The cost of things will get lower and lower and amazing,
• 1:26:34
  Speaker 2: that's amazing. But there'll be more and more things. There
• 1:26:36
  Speaker 2: will be more and more stuff to do, there will
• 1:26:39
  Speaker 2: be more and more places to spend your money. So no,
• 1:26:44
  Speaker 2: I'm not worried about you know, the Marxist utopia of
• 1:26:50
  Speaker 2: man of from heavens that the AI just produces stuff
• 1:26:54
  Speaker 2: and hands it to us.
• 1:26:56
  Speaker 4: And that's also not taking into account changes in human beings.
• 1:27:00
  Speaker 2: The genetic changes. We're going to make the integration of
• 1:27:04
  Speaker 2: AI into humans, you know, humans adopting machines.
• 1:27:12
  Speaker 4: Life is going to be very different one hundred years.
• 1:27:14
  Speaker 2: From now than it is today, and suddenly in two
• 1:27:16
  Speaker 2: hundred and fifty years from now, very different. It's exciting
• 1:27:21
  Speaker 2: because I mean, if we're allowed, if we stay free,
• 1:27:24
  Speaker 2: it's super exciting and it's super interesting and amazing things.
• 1:27:29
  Speaker 2: Jennifer says, leaving tomorrow on Smoky Mountains vacation cool. We
• 1:27:35
  Speaker 2: will have a great time, and Mina too, but I
• 1:27:38
  Speaker 2: will get YBS withdrawal.
• 1:27:40
  Speaker 4: Also, you need a little break.
• 1:27:44
  Speaker 2: From YBS once in a while, and Smoking mountains is
• 1:27:46
  Speaker 2: a good place to get that break. Don't worry, you
• 1:27:49
  Speaker 2: can catch up when you get back. I have a
• 1:27:51
  Speaker 2: great time, enjoy, enjoy the vacation, Enjoy the mountains, and yeah,
• 1:27:58
  Speaker 2: have a wonderful time. It's beautiful country up there. Not
• 1:28:03
  Speaker 2: you have a j'allgorithm? Will AI cure cancer? How close
• 1:28:07
  Speaker 2: will AI get to us to star Trek in your lifetime? Well,
• 1:28:12
  Speaker 2: I mean AI is going to help us find cures
• 1:28:17
  Speaker 2: for cancers. Cancer is not one disease. It is many, many, many,
• 1:28:20
  Speaker 2: many diseases, all with their own particular cure causes and
• 1:28:24
  Speaker 2: their full particular need for cures. Cancer is going to
• 1:28:27
  Speaker 2: accelerate the process of getting us cures for many cancers.
• 1:28:31
  Speaker 2: Where it gets cures for all cancers in my lifetime.
• 1:28:34
  Speaker 2: I don't know, but I think it will get cures
• 1:28:35
  Speaker 2: for many cancers in my lifetime. It's already doing so,
• 1:28:39
  Speaker 2: and it will will help do more of that. I
• 1:28:41
  Speaker 2: don't think we're going to be super close to Star Trek.
• 1:28:44
  Speaker 2: I mean, we're not going to be flying faster than
• 1:28:46
  Speaker 2: the speed of light. We're not going to be colonizing
• 1:28:49
  Speaker 2: planets in my lifetime, but we're going to be living longer, healthier,
• 1:28:55
  Speaker 2: better lives because of AI and technology. In my lifetime.
• 1:28:58
  Speaker 2: We're really are and that's only gonna become more so,
• 1:29:02
  Speaker 2: I think in the future in the next few years. Chris,
• 1:29:08
  Speaker 2: what do you think of Northwest Arkansas? You know, I'm
• 1:29:13
  Speaker 2: a big fan of northwest Dalkansas. Northwest Arkansas is the
• 1:29:17
  Speaker 2: area of where the University of Arkansas is based and
• 1:29:19
  Speaker 2: where I've given a number of talks, and also where
• 1:29:23
  Speaker 2: Walmart is headquartered.
• 1:29:25
  Speaker 4: As a consequence, there's.
• 1:29:28
  Speaker 2: A lot of growth has been over the years, a
• 1:29:30
  Speaker 2: lot of growth and also with Alkansas, a lot of
• 1:29:32
  Speaker 2: construction building, it's pretty country, the weather is relatively pleasant. Yeah,
• 1:29:38
  Speaker 2: I imagine it's a great place to live in, a
• 1:29:40
  Speaker 2: great place to be so north, and a very dynamic
• 1:29:47
  Speaker 2: business environment, primarily because of the presence of Walmart and
• 1:29:50
  Speaker 2: all the businesses supporting an associated with Walmart. It's also
• 1:29:54
  Speaker 2: a huge logistics sub possibly why you know, because it's
• 1:29:59
  Speaker 2: it's it's on i mean Highway East West and a
• 1:30:02
  Speaker 2: lot of trucking companies there. And again Walmut is a
• 1:30:07
  Speaker 2: huge is a huge magnet. Thank you, Chris Randall. Another
• 1:30:14
  Speaker 2: fifty Australian dollars, thank you. You're right. Freedom in Australia
• 1:30:17
  Speaker 2: is shrinking by the day. The government has introduced a
• 1:30:20
  Speaker 2: flat thirty percent capital gains tax. That's awful, new taxes
• 1:30:24
  Speaker 2: on trust distributions, and popularism is on the rise. It's
• 1:30:27
  Speaker 2: becoming increasingly difficult to stay optimistic any tips.
• 1:30:30
  Speaker 4: Yeah, listen to you Ron book show. Yeah, I don't know.
• 1:30:34
  Speaker 2: It's hard to be optimistic anyway in the world. I mean,
• 1:30:38
  Speaker 2: think about AI, think about technology, think about the potential
• 1:30:42
  Speaker 2: improvements in human life that are going to be come
• 1:30:44
  Speaker 2: from that. You're not going to get improvements anytime soon
• 1:30:49
  Speaker 2: in government, Any improvement of human life are going to
• 1:30:53
  Speaker 2: have to come from you know, from these other sources,
• 1:30:58
  Speaker 2: so other places. Uh, but yeah, you know, stay focused
• 1:31:03
  Speaker 2: on on some of the positives that have to do
• 1:31:07
  Speaker 2: with technology and biotech and AI stuff. Um Neo from
• 1:31:16
  Speaker 2: yesterday asked this question. Did BB's government formally authorize the
• 1:31:19
  Speaker 2: suitcases filled with millions of dollars in Katari cash to
• 1:31:22
  Speaker 2: be driven directly into Gaza starting around twenty twelve? I
• 1:31:25
  Speaker 2: mean probably, I wouldn't be surprised. BB had this notion
• 1:31:30
  Speaker 2: that if the Gazans, if Hamas gets rich, if they
• 1:31:35
  Speaker 2: if they get a lot of money, that money will
• 1:31:37
  Speaker 2: be invested and they'll they'll be they'll be invested in
• 1:31:40
  Speaker 2: the Gazzen economy. That will demotivate them from terrorist activity
• 1:31:47
  Speaker 2: because they'll be more focused on wealth. I mean, this
• 1:31:49
  Speaker 2: is the materialistic view of man. And uh, you know,
• 1:31:53
  Speaker 2: so he encouraged the Katari easting to put money into Gaza,
• 1:31:57
  Speaker 2: and and the Ranians and the Katari's all a flooded
• 1:32:01
  Speaker 2: Gazza with money, and yeah, I think he probably at
• 1:32:06
  Speaker 2: the very least turned a blind eye to the suitcases
• 1:32:09
  Speaker 2: filled with cash flowing into flowing into the Gaza, stripping
• 1:32:13
  Speaker 2: into the hands of Hamas. This is part of the
• 1:32:15
  Speaker 2: reason why I have since October seventh said this is
• 1:32:19
  Speaker 2: Bebe's fault because for too long he tolerated Haramas. For
• 1:32:23
  Speaker 2: too long, he tolerated money flowing into Hamas and and
• 1:32:29
  Speaker 2: emboldened Ramas and dealt with them with kid gloves. So
• 1:32:34
  Speaker 2: to that extent, I think he was responsible for October
• 1:32:36
  Speaker 2: seventh and therefore should be punished by the voters. Neil says,
• 1:32:42
  Speaker 2: what a game you're on. Hopefully you watched it today. Yes,
• 1:32:45
  Speaker 2: I did watch the Argentina No I didn't. I watched
• 1:32:49
  Speaker 2: it afterwards. I recorded it because I was teaching. I
• 1:32:52
  Speaker 2: was teaching an I ran live my class and globalization
• 1:32:56
  Speaker 2: was exactly during the Argentina game. So I didn't watch it,
• 1:32:58
  Speaker 2: so I watched it after the fact. Author, the best
• 1:33:03
  Speaker 2: way to camouflage cowardice is with moral facade like turn
• 1:33:07
  Speaker 2: the other cheek type altruism. Yeah, but I wouldn't say
• 1:33:12
  Speaker 2: that turn the other cheek is driven by cowardice. I
• 1:33:17
  Speaker 2: think turn the other cheek is driven by a true
• 1:33:19
  Speaker 2: commitment to altruism, at least by some people. And then
• 1:33:24
  Speaker 2: some people use it to maybe high day cowardice, but
• 1:33:27
  Speaker 2: I'm not sure everybody does. Some people really are I'll
• 1:33:30
  Speaker 2: just they really believe it. I mean, think about the
• 1:33:33
  Speaker 2: people I don't know. You remember Charlie Cook's wife forgiving
• 1:33:39
  Speaker 2: his murderer a few days after he was murdered. Like,
• 1:33:43
  Speaker 2: that's not cowardice, that's just good Christian being a good Christian.
• 1:33:48
  Speaker 2: That's just a commitment to altruism. Authur says, are you
• 1:33:54
  Speaker 2: going back to Destiny's Show? Probably not anytime soon. Too
• 1:33:58
  Speaker 2: many things going on, too busy, but at some point, yes, Enrick,
• 1:34:05
  Speaker 2: have you looked into musks X money and what do
• 1:34:08
  Speaker 2: you think about it? Long term?
• 1:34:09
  Speaker 4: I haven't looked into it.
• 1:34:12
  Speaker 2: I need to check it out. I'll definitely check it
• 1:34:14
  Speaker 2: out and and let you know what I think. I mean. Basically,
• 1:34:22
  Speaker 2: my guess is it's a it's a form of token
• 1:34:24
  Speaker 2: that you can use within the X environment. It's a
• 1:34:26
  Speaker 2: form of digital money, but it's all exchangeable into dollars.
• 1:34:30
  Speaker 2: It's not a placing dollars as as as the final
• 1:34:35
  Speaker 2: way to settle everything. It's it's similar to what Meta
• 1:34:39
  Speaker 2: tried to launch a few years ago. I think, if
• 1:34:42
  Speaker 2: I understand it right, but basically Congress and the president basically,
• 1:34:49
  Speaker 2: you know, I think Biden was president and basically told
• 1:34:53
  Speaker 2: them they couldn't do or they shouldn't do it, they
• 1:34:55
  Speaker 2: wouldn't do it, and a lot of their backers Withdrew,
• 1:34:58
  Speaker 2: I suspect musks X my similar. I think it's a
• 1:35:01
  Speaker 2: good idea make buying stuff and transacting online much much easier.
• 1:35:06
  Speaker 2: That's the goal. Tim. Have you been to India, No,
• 1:35:11
  Speaker 2: could objectivisms spread there like like Brazil? Yeah, I mean
• 1:35:15
  Speaker 2: I think it's already. Objectives is pretty big in India
• 1:35:18
  Speaker 2: in comparison, just share numbers of people. A lot of
• 1:35:21
  Speaker 2: Indians of red iron. Rand also kan domestic surveillance better
• 1:35:25
  Speaker 2: protect individual rights from crime? Well, it can, but it
• 1:35:29
  Speaker 2: also can violate individual rights. It's a you know, the
• 1:35:33
  Speaker 2: surveillance cameras in the streets everywhere. That's a that's a
• 1:35:38
  Speaker 2: very slippery slope. Yes, it can prevent crime, but it
• 1:35:42
  Speaker 2: can also violate your rights by by monitoring you, by
• 1:35:46
  Speaker 2: following you, and by being used by an authoritarian government.
• 1:35:48
  Speaker 2: One day time, Ukraine hit a Siberian refinery, shocking. Yes,
• 1:35:58
  Speaker 2: they can reach into the Asian part of Russia, which
• 1:36:04
  Speaker 2: is pretty impressive. Gaia. Once government has control of tech,
• 1:36:10
  Speaker 2: there will be no privacy Fourth Amendment. God, yes, no privacy.
• 1:36:15
  Speaker 2: Uh and uh you know much worse is coming as
• 1:36:20
  Speaker 2: they get their hands on the tech. Neon says, kinda
• 1:36:27
  Speaker 2: judge just bought ten billion of German submarines with what money?
• 1:36:32
  Speaker 2: I mean they borrow the money, they tax the money.
• 1:36:36
  Speaker 2: But yes, and it's not all paid at once, it's
• 1:36:38
  Speaker 2: paid over time. So yeah, they just bought a bunch
• 1:36:44
  Speaker 2: of submarines from Germany to protect them against Trump. I
• 1:36:47
  Speaker 2: gears why r BYD costs sold in Israel but not
• 1:36:50
  Speaker 2: in the US, because the US has a policy not
• 1:36:53
  Speaker 2: to have cause, not to have Chinese cause in America.
• 1:36:56
  Speaker 2: So there is a basically a one hundred terror on
• 1:37:01
  Speaker 2: Chinese cause, which is basically a ban on Chinese cause.
• 1:37:03
  Speaker 2: In the United States you have Chinese cause, in Mexico
• 1:37:07
  Speaker 2: you have Chinese cause. In Canada, they're coming. They started
• 1:37:11
  Speaker 2: just started coming into Canada because Canada lowered the terror
• 1:37:14
  Speaker 2: from one hundred percent to something more manageable, and as
• 1:37:18
  Speaker 2: a consequence, they're coming into Canada. But the United States
• 1:37:21
  Speaker 2: still has a ban on Chinese cause. A band is
• 1:37:24
  Speaker 2: not going to go away. Randall again fifty another fifty Australian.
• 1:37:30
  Speaker 2: Thank you, Randall. I believe you missed an important piece
• 1:37:32
  Speaker 2: of news. China test fired a ballistic missile into the
• 1:37:36
  Speaker 2: Pacific just hours after Australia signed the Defense Pact with Fiji.
• 1:37:41
  Speaker 2: Do you think this was a deliberate strategic message to
• 1:37:44
  Speaker 2: Australia in the region.
• 1:37:46
  Speaker 4: I mean maybe.
• 1:37:48
  Speaker 2: I mean generally, China's attitude is it should be viewed
• 1:37:52
  Speaker 2: as the Western Pacific is ours. The Western Pacific is
• 1:38:00
  Speaker 2: China's realm of influence. They don't want America there. They
• 1:38:06
  Speaker 2: they don't want Australia, who is affiliated with America there
• 1:38:09
  Speaker 2: aligned with America there, and so it wouldn't be surprising
• 1:38:14
  Speaker 2: if they did that as a as to remind people
• 1:38:18
  Speaker 2: that they are and need to be viewed as the
• 1:38:22
  Speaker 2: dominant players in the Western Pacific. I don't think it
• 1:38:28
  Speaker 2: means anything really, because.
• 1:38:32
  Speaker 4: It's not that we don't know that, right, It's not.
• 1:38:34
  Speaker 2: Like we don't know that they want to be the
• 1:38:37
  Speaker 2: people influencing place like Fiji and other kind of micro
• 1:38:40
  Speaker 2: nations and island nations in the region. They view it
• 1:38:44
  Speaker 2: as their region. This goes back to this idea of
• 1:38:47
  Speaker 2: dividing the world into power centers. You know, China gets
• 1:38:53
  Speaker 2: East Asia, the United States gets the Americas, and Russia
• 1:38:59
  Speaker 2: gets who knows what Russia and Europe get to split Europe.
• 1:39:03
  Speaker 2: Uh and uh and and we leave each other alone, right,
• 1:39:07
  Speaker 2: we each leave each other alone. So yeah, you look
• 1:39:14
  Speaker 2: China's China has to flex muscles wherever it can. It's
• 1:39:20
  Speaker 2: not particularly strong militarily. It's got a big military, but
• 1:39:25
  Speaker 2: not a particularly strong military. The military technology is untested,
• 1:39:30
  Speaker 2: or way it has been tested, it has failed. They
• 1:39:34
  Speaker 2: haven't thought a war. We have no idea how how
• 1:39:37
  Speaker 2: good the soldiers are, how good their technology is. They
• 1:39:40
  Speaker 2: flex their muscles other ways by by little skirmishes, by
• 1:39:44
  Speaker 2: launching ballistic missiles and so on. You know, China's you know,
• 1:39:51
  Speaker 2: China's economy is in deep trouble. We've talked about this
• 1:39:53
  Speaker 2: on the show many times. It's real estate market is crashed. Uh.
• 1:39:59
  Speaker 2: The debt, It's got levels of debt that make the
• 1:40:02
  Speaker 2: United States seem responsible. It's got a lot more debt
• 1:40:05
  Speaker 2: that the United States has, and it is struggling. Chinese
• 1:40:11
  Speaker 2: people stand up, living is stagnant at best. They're not
• 1:40:16
  Speaker 2: growing that, they're not getting richer. Just think about the
• 1:40:20
  Speaker 2: real estate values of the real estate collapsing over the
• 1:40:23
  Speaker 2: last few years. And yeah, I mean they're really Chinese
• 1:40:29
  Speaker 2: economy is in real trouble and they don't know how
• 1:40:33
  Speaker 2: to fix it. They do not know how to fix
• 1:40:36
  Speaker 2: it because all they know is central planning. So their
• 1:40:41
  Speaker 2: way to respond to it is through central planning. Thank you,
• 1:40:48
  Speaker 2: Randall moon Rock. Who do you endorse for PM within Israel?
• 1:40:56
  Speaker 2: Does Eisenhott seem like an upgrade? Also? Do you think
• 1:41:01
  Speaker 2: the hollid Deam will ever be content with the draft?
• 1:41:05
  Speaker 2: I feel like that would leave or just not show
• 1:41:08
  Speaker 2: up and go to jail. Well, then they should go
• 1:41:10
  Speaker 2: to jail. The should all be in jail. I'm not
• 1:41:12
  Speaker 2: endorsing anybody. I mean, if I had to, if you
• 1:41:14
  Speaker 2: force me to, I'd probably go with Bennett Bet. I'm
• 1:41:19
  Speaker 2: not really endorsing anybody. I'm anti Babe, I'm Anton Nitaniao.
• 1:41:23
  Speaker 2: It's time fame to go again. He needs to take
• 1:41:27
  Speaker 2: responsibility for October seventh and needs to step aside and
• 1:41:32
  Speaker 2: let somebody else take a shot at it. I don't
• 1:41:34
  Speaker 2: think Eisencott, I don't trust Eisencott. I don't like Eisencott.
• 1:41:38
  Speaker 2: He was a he was the leader of the IDF
• 1:41:44
  Speaker 2: during the years in which Hamas prepared itself for nine
• 1:41:48
  Speaker 2: to for October seventh, so again he's partially responsible. Bennett,
• 1:41:54
  Speaker 2: there's a new right wing political party being formed. I
• 1:41:57
  Speaker 2: think secular right wing political party being formed. Maybe that's
• 1:42:01
  Speaker 2: a political party that one would viewers better.
• 1:42:06
  Speaker 4: But look, they're no.
• 1:42:06
  Speaker 2: Good alternatives, just like politics everywhere else in the world,
• 1:42:09
  Speaker 2: they're no good alternatives. I don't care whether the Holideam
• 1:42:12
  Speaker 2: wants the draft, don't want a draft, or what they think.
• 1:42:15
  Speaker 4: People need to ignore.
• 1:42:16
  Speaker 2: They wants and is well needs to do what is
• 1:42:21
  Speaker 2: in its self interest and accommodating the Howard deem and
• 1:42:24
  Speaker 2: giving them subsidies. And you know, I'm fine with I'm
• 1:42:29
  Speaker 2: even fine with excluding from the draft if they don't
• 1:42:31
  Speaker 2: get one penny of money from the government, not in welfare,
• 1:42:36
  Speaker 2: not in education, not in anything, not a penny. I
• 1:42:49
  Speaker 2: just have to comment on this nonsense, Tommy says, Check
• 1:42:51
  Speaker 2: out China home ownership versus the United States. US's renters
• 1:42:54
  Speaker 2: will work till they die.
• 1:42:56
  Speaker 4: That is so bs.
• 1:42:58
  Speaker 2: The United States has had a stable sixty four percent
• 1:43:02
  Speaker 2: home ownership in the United States, no matter what incentives,
• 1:43:05
  Speaker 2: no matter what you do, it's about sixty four percent.
• 1:43:07
  Speaker 2: And to a loge extent, that is a consequence of
• 1:43:10
  Speaker 2: the fact that that's what Americans want.
• 1:43:11
  Speaker 4: A lot of people want to rent.
• 1:43:13
  Speaker 2: Renting doesn't mean you work till you die. You know,
• 1:43:17
  Speaker 2: renting you can. You can rent and pay it off
• 1:43:19
  Speaker 2: of your savings, just like you pay a mortgage out
• 1:43:24
  Speaker 2: of your savings. There's nothing sacred about home ownership. There's
• 1:43:28
  Speaker 2: nothing positive about home ownership. There's nothing that suggests owning
• 1:43:32
  Speaker 2: is better than renting. It depends on the phase of
• 1:43:34
  Speaker 2: your life. It depends on who you are, where you are,
• 1:43:37
  Speaker 2: and when you are. But the reality is that the
• 1:43:41
  Speaker 2: Chinese economy.
• 1:43:43
  Speaker 4: Look at unemployment among.
• 1:43:46
  Speaker 2: Sixteen to thirty five year olds in China versus the
• 1:43:50
  Speaker 2: United States, I mean, China is an economy that is
• 1:43:54
  Speaker 2: struggling and an economy that is betraying its young people.
• 1:44:00
  Speaker 2: Just you know, the rest of the world is too.
• 1:44:03
  Speaker 2: We're sacrificing a young far old. But China's doing it
• 1:44:07
  Speaker 2: in Spain. Silly me, Tommy, is one way to think
• 1:44:10
  Speaker 2: about it. Yes, let's see Chris uh. If Mitt Romney
• 1:44:24
  Speaker 2: had won in twenty twelve, if Hillary Clintlon had won
• 1:44:27
  Speaker 2: in twenty eighteen. What do you think you would have
• 1:44:30
  Speaker 2: covered in shows the last decade instead of Trump? Would
• 1:44:36
  Speaker 2: either would either have these candidates winning just delayed Trump. Well,
• 1:44:43
  Speaker 2: they would have delayed Trump. They would have delayed something. Yeah,
• 1:44:47
  Speaker 2: I mean I think it would have ultimately just delayed.
• 1:44:49
  Speaker 2: But delay is good. What would have covered? They would
• 1:44:51
  Speaker 2: have covered the disasters that they would have fasced. I mean,
• 1:44:53
  Speaker 2: it's not like Hillary Clinton was a good would have
• 1:44:57
  Speaker 2: been a good president of twenty eighteen. And it's not
• 1:45:00
  Speaker 2: like Mitt Romney would have been a great president in
• 1:45:03
  Speaker 2: twenty twelve. You would have been better than a lot
• 1:45:05
  Speaker 2: of others, and he probably would have. Trump would have
• 1:45:09
  Speaker 2: never become president if either of those two things had happened.
• 1:45:13
  Speaker 2: But still there would have been a lot of stuff
• 1:45:17
  Speaker 2: going on in the world. There would have been wars,
• 1:45:18
  Speaker 2: there would have been economic crisis. There would have been problems,
• 1:45:21
  Speaker 2: there would have been taxes, there would have been regulations,
• 1:45:23
  Speaker 2: there'd be no end to I would have been covering
• 1:45:27
  Speaker 2: very much the same stuff, just without the just the ugliness,
• 1:45:33
  Speaker 2: the absurdity of of a of a Trump. I think
• 1:45:40
  Speaker 2: if Romney had won in twenty twelve, that would have
• 1:45:43
  Speaker 2: been a big deal. I think that you would have
• 1:45:46
  Speaker 2: seen the economy do better because I think he would
• 1:45:52
  Speaker 2: have been a good, decent president for the economy. And
• 1:45:56
  Speaker 2: it's hard to tell what the projector would have done.
• 1:45:58
  Speaker 2: But even there I would have compliment. I would have
• 1:46:01
  Speaker 2: talked about the good things he's doing and the bad
• 1:46:02
  Speaker 2: things he's doing, and what's going on in the world,
• 1:46:04
  Speaker 2: and the same thing I do today. I don't see
• 1:46:07
  Speaker 2: a lot of difference, except that I wouldn't have had
• 1:46:14
  Speaker 2: just the constant flow of BS coming out of the
• 1:46:17
  Speaker 2: Trump administration. I would have had a constant flow BS
• 1:46:20
  Speaker 2: coming out of the Hillary Clinton administration. It's just it
• 1:46:22
  Speaker 2: would have been different BS, and it wouldn't have been
• 1:46:26
  Speaker 2: wrapped up in the same kind of vileness that Trump
• 1:46:31
  Speaker 2: gives to everything that he does. And I think our institutions.
• 1:46:37
  Speaker 2: I think if mid Romney or even Hillary Clinton would
• 1:46:39
  Speaker 2: have won, I think Congress would be healthier. I think
• 1:46:42
  Speaker 2: our courts would be healthier. If Hillary were one in
• 1:46:45
  Speaker 2: twenty sixteen, who knows what would have happened in twenty twenty.
• 1:46:51
  Speaker 2: I think things would have continued to go bad culturally,
• 1:46:54
  Speaker 2: because I think a lot of Trump is a response
• 1:46:57
  Speaker 2: to Obama Romney would have been a game change in ways.
• 1:47:00
  Speaker 2: A real delayer would have pushed it out much into
• 1:47:03
  Speaker 2: the future. Hillary wouldn't because she would have been a
• 1:47:06
  Speaker 2: continuation of Romney. The right would only affumed even more.
• 1:47:10
  Speaker 2: Who knows who the candidate in twenty twenty would have
• 1:47:12
  Speaker 2: been and what they would have done. So Look, politics
• 1:47:17
  Speaker 2: is not the solution. I keep telling you. Its ideas,
• 1:47:20
  Speaker 2: it's philosophy, it's education. It doesn't matter that much who
• 1:47:25
  Speaker 2: wins the presidency. Some accelerators for declinent and some just
• 1:47:31
  Speaker 2: decline slowly. Trump is an accelerator. I think under Hillary,
• 1:47:38
  Speaker 2: certainly under Romney it would have been slower, and even
• 1:47:41
  Speaker 2: under Hillary it probably would have been slower. Under Trump,
• 1:47:44
  Speaker 2: He's an accelerant, primarily for cultural reasons, Adam, more than
• 1:47:54
  Speaker 2: one thousand UK subjects have died from prohibition of ac
• 1:48:00
  Speaker 2: Why is the web, especially those of us who understand
• 1:48:03
  Speaker 2: the crime, silent about it? I did a whole segment
• 1:48:06
  Speaker 2: on it. Uh when was it? A few days ago?
• 1:48:11
  Speaker 2: There's a show. There's a video clip from my show
• 1:48:14
  Speaker 2: about it. I don't know why people are silent about it,
• 1:48:17
  Speaker 2: and partially because it's not a formal prohibition. It's kind
• 1:48:21
  Speaker 2: of a soft prohibition, and in much of Europe it's
• 1:48:24
  Speaker 2: a cultural prohibition. But yeah, I mean it's it's crazy
• 1:48:29
  Speaker 2: that people are dying from heat when AC is available,
• 1:48:34
  Speaker 2: and you would think that relatively wealthy Western European countries
• 1:48:38
  Speaker 2: could afford it, could afford it. Again, Tommy, you you
• 1:48:46
  Speaker 2: really don't know what you're talking about GDP versus PPP.
• 1:48:51
  Speaker 2: I get all that you know. I know a little
• 1:48:53
  Speaker 2: bit of economics. It turns out, and China does not
• 1:48:57
  Speaker 2: have everything in place. It's an authoritarian regime, was central planning,
• 1:49:01
  Speaker 2: which is which is very destructive to its population. Chinese
• 1:49:05
  Speaker 2: people are would in America be considered do it poor?
• 1:49:10
  Speaker 2: They're way poorer than people in Mississippi. They might have
• 1:49:14
  Speaker 2: better infrastructure in some cities, but they're way poorer than
• 1:49:18
  Speaker 2: people in Mississippi. Jackson Hinkole chanting death to America with ILGC. Yeah,
• 1:49:25
  Speaker 2: I noticed that all the all the haters of America
• 1:49:28
  Speaker 2: were out in Tehran at it time. Does Poland have
• 1:49:36
  Speaker 2: a spirit Europe has lost? I don't know. Poland is
• 1:49:42
  Speaker 2: very much wrapped up in religion. I don't trust its
• 1:49:44
  Speaker 2: spirit to some extent, they're more entrepreneurs and but I
• 1:49:50
  Speaker 2: don't know. Sticking to Catholicism, I'm not convinced that the
• 1:49:56
  Speaker 2: Polish spirit is going to sustain them for that for
• 1:49:59
  Speaker 2: that long Lincoln, between okon tickets and my five hundred
• 1:50:04
  Speaker 2: dollars associate producer donation for the documentary, Thank you, Lincoln.
• 1:50:08
  Speaker 2: That was very very generous. My wallet really hates me, oh,
• 1:50:12
  Speaker 2: which reminds me, Lincoln. I am coming to Arizona. So
• 1:50:15
  Speaker 2: I will be teaching two courses of the Peterson Academy,
• 1:50:19
  Speaker 2: and I'm going to give you the dates so everybody
• 1:50:21
  Speaker 2: has it. Anybody who wants to come to Arizona to
• 1:50:24
  Speaker 2: sit in on my classes. I will be sending out
• 1:50:27
  Speaker 2: a link soon with how to sign up for that.
• 1:50:32
  Speaker 2: But here are the dates. The dates are going to be.
• 1:50:34
  Speaker 2: The twenty fourth and twenty fifth of July will be
• 1:50:37
  Speaker 2: an eight hour course, four hours each day on Ironrand,
• 1:50:42
  Speaker 2: which will be It's the first time I've ever taught
• 1:50:45
  Speaker 2: a class on nine man. Every time, anytime I've taught
• 1:50:47
  Speaker 2: anything close to eight hours of you know, I've talked
• 1:50:50
  Speaker 2: for an hour on IMN, maybe two hours in nine Man,
• 1:50:53
  Speaker 2: but eight hours it's a big deal. A lot of
• 1:50:56
  Speaker 2: prep I have to do in the next two weeks,
• 1:50:58
  Speaker 2: but that will be in the twenty fourth and twenty fifth,
• 1:51:00
  Speaker 2: and then on the twenty sixth and twenty seventh another
• 1:51:03
  Speaker 2: eight hours, this time eight hours on venture capital and
• 1:51:07
  Speaker 2: private equity. Venture capital and private equity. So that is
• 1:51:13
  Speaker 2: in Phoenix, Arizona. If you live anywhere near there and
• 1:51:16
  Speaker 2: you'd like to participate, stay tuned. I will have links
• 1:51:20
  Speaker 2: to registration for that. All right, Jeffrey, please recommand one
• 1:51:27
  Speaker 2: Paris museum and anything specific within it to see.
• 1:51:31
  Speaker 4: Do you like money?
• 1:51:33
  Speaker 2: I'm not crazy about money, but if you like money,
• 1:51:36
  Speaker 2: and I've done this, I would definitely go out of Paris,
• 1:51:38
  Speaker 2: outside of Paris to his home where he painted the
• 1:51:43
  Speaker 2: water lilies and the water lilies. If you like the
• 1:51:49
  Speaker 2: paintings of the water lilies, I think the actual nature
• 1:51:53
  Speaker 2: the pond with the water lilies and the home and
• 1:51:56
  Speaker 2: everything around it is actually more beautiful than the paintings
• 1:51:58
  Speaker 2: in many regards. So if you like money, I would
• 1:52:01
  Speaker 2: definitely go out to his home in somewhere in the
• 1:52:04
  Speaker 2: in the in the countryside of outside of Paris. At
• 1:52:08
  Speaker 2: one museum in Paris is hard. Two museums is easy.
• 1:52:12
  Speaker 2: The two must see museums of the Louver, and the
• 1:52:16
  Speaker 2: du say, That'll say, at the Louver, they must see
• 1:52:21
  Speaker 2: things to see uh, Mikeelangelo's Dying Slaves, the two Dying Slaves,
• 1:52:27
  Speaker 2: the two completed Dying Slaves, maybe the most moving, moving,
• 1:52:34
  Speaker 2: striking sculptures in the history of sculpture and the history
• 1:52:37
  Speaker 2: of art. Uh, you know, so uh just stunning, amazing pieces.
• 1:52:45
  Speaker 2: And another sculpture which I love, uh is the sculpture
• 1:52:49
  Speaker 2: of Spartacus, which is in an outside gallery U sculpture gallery.
• 1:52:53
  Speaker 2: So I mean, but there's so much to see at
• 1:52:55
  Speaker 2: the Louver. God, you could spend easily three days there
• 1:52:59
  Speaker 2: uh to see everything. And then in terms of d'l
• 1:53:04
  Speaker 2: s if you like Impressionists, there is a huge collection
• 1:53:11
  Speaker 2: of Impressionists out there, probably maybe the largest in the
• 1:53:13
  Speaker 2: world at the dull Same museum on the second floor.
• 1:53:16
  Speaker 2: But my favorite is the first floor because I'm not
• 1:53:18
  Speaker 2: a huge Impressionist fan.
• 1:53:21
  Speaker 4: So on the first.
• 1:53:22
  Speaker 2: Floor nineteenth century kind of academic Romantic paintings and sculptures,
• 1:53:31
  Speaker 2: and there's some magnificent sculptures there, including a beautiful sculpture
• 1:53:36
  Speaker 2: of young Aristotle, Aristotle as a boy seated and it's
• 1:53:43
  Speaker 2: a really beautiful sculpture. But there are a lot. There's
• 1:53:45
  Speaker 2: a lot. There's so much good stuff at the Dulce,
• 1:53:47
  Speaker 2: the first floor, everywhere, everywhere, every little nuk and canty,
• 1:53:52
  Speaker 2: there is something magnificent at it. So you could easily
• 1:53:56
  Speaker 2: spend a day at the Dulce and three days at
• 1:54:00
  Speaker 2: the Louver easily. And again, if you love money, go
• 1:54:06
  Speaker 2: to the Dulce. They have some money, and go to
• 1:54:10
  Speaker 2: Money's house in the outskirts. All right, Lincoln, After considering
• 1:54:14
  Speaker 2: last night's US Belgium game, it has come to my
• 1:54:17
  Speaker 2: attention Belgium is two weeks away from a nuclear weapon.
• 1:54:22
  Speaker 2: I mean, look, that loss was a direct consequence of
• 1:54:26
  Speaker 2: the fact that the US played really really, really badly,
• 1:54:31
  Speaker 2: really badly. So I don't know if you want to
• 1:54:39
  Speaker 2: blame Belgium, but I would blame the US.
• 1:54:43
  Speaker 4: Time.
• 1:54:44
  Speaker 2: Would you speak at universities in India someday? Potentially?
• 1:54:48
  Speaker 4: India is a long way.
• 1:54:49
  Speaker 2: Somebody would have to pay me a lot of money
• 1:54:51
  Speaker 2: to go there, but potentially. Lincoln Today marks four years
• 1:54:59
  Speaker 2: since assassination of Abe Ebe for being the first major
• 1:55:06
  Speaker 2: webcam west, major Western assassination. It had less of an
• 1:55:10
  Speaker 2: impact than I thought. Abe Abe not Abe got Abe
• 1:55:16
  Speaker 2: in Japan. Yeah, partially because it was a one man
• 1:55:22
  Speaker 2: thing and it was a it was a it was
• 1:55:26
  Speaker 2: it wasn't ideological. In the end, it didn't have any
• 1:55:29
  Speaker 2: really significance. Uh. Time, I don't understand why the US
• 1:55:35
  Speaker 2: wouldn't allow open borders with Western countries. MEGA likely wouldn't
• 1:55:39
  Speaker 2: oppose it. They assimilate quickly, right, MAGA would oppose it.
• 1:55:45
  Speaker 2: MAGA doesn't want immigrants even from Western countries. But why
• 1:55:48
  Speaker 2: limit to Western countries? Why? I don't understand on what
• 1:55:53
  Speaker 2: basis one would limit it to Western countries. People assimilate
• 1:55:56
  Speaker 2: in the United States no matter where they come from.
• 1:55:59
  Speaker 2: You know, with exception maybe of Islamists. You can ban
• 1:56:02
  Speaker 2: Islamists while allowing immigrants from all over the world. Indians
• 1:56:07
  Speaker 2: in particular have done very very well in America. They've assimilated,
• 1:56:10
  Speaker 2: they've made money, they've they're prosperous, they've done well. The
• 1:56:17
  Speaker 2: time God sad on suside of empathy, glad he's highlighting
• 1:56:21
  Speaker 2: how extreme altruism can enable evil. Likely a future discussion. Well,
• 1:56:26
  Speaker 2: I mean, I think he's wrong. Extreme altruism. Extreme altruism
• 1:56:32
  Speaker 2: doesn't enable evil. Altruism in all its forms enables evil.
• 1:56:37
  Speaker 2: So the problem with suicidal empathy is that it doesn't
• 1:56:41
  Speaker 2: go to the heart. It doesn't criticize altruism qua altruism.
• 1:56:45
  Speaker 2: It's chosen some variant, some variant that he happens to.
• 1:56:50
  Speaker 2: Not like, I need to read the book. But when
• 1:56:53
  Speaker 2: after I read the book, I'll comment further on suside empathy. Chris,
• 1:57:01
  Speaker 2: are you familiar with the Stream Court ruling on college
• 1:57:04
  Speaker 2: sports n al transfer portals, et cetera. It's been great
• 1:57:08
  Speaker 2: for players, but fans hate the instability, and the NC
• 1:57:12
  Speaker 2: double A has no authority anymore. I mean, I think
• 1:57:17
  Speaker 2: that Look, the situation in college sports was ridiculous. The
• 1:57:26
  Speaker 2: universities were making huge amounts of money and not paying
• 1:57:31
  Speaker 2: the athletes. And like, if I was a university and
• 1:57:36
  Speaker 2: I wanted to pay the athletes, I couldn't because the
• 1:57:40
  Speaker 2: NC double A was basically enforcing a cartel and forcing
• 1:57:43
  Speaker 2: all the universities to play along. So I think universities
• 1:57:47
  Speaker 2: should have a choice about whether to play, to pay
• 1:57:50
  Speaker 2: or not to pay.
• 1:57:52
  Speaker 4: But that should be a real choice.
• 1:57:54
  Speaker 2: And they it shouldn't be imposed on them that they
• 1:57:57
  Speaker 2: you know, it should be in the end voluntary, and
• 1:58:00
  Speaker 2: the idea that that young athletes shouldn't be paid. I
• 1:58:04
  Speaker 2: think is ridiculous. I guess I get. I get that
• 1:58:09
  Speaker 2: fans don't like it. Fans don't like a lot of things.
• 1:58:13
  Speaker 2: I don't like the fact that the Boston Celtics traded
• 1:58:17
  Speaker 2: Jalen Uh you know Jaylen Brown the other day. I mean,
• 1:58:22
  Speaker 2: it's ridiculous that they traded him. I think it's a
• 1:58:24
  Speaker 2: huge betrayal. I'm pissed off. It's Boston's team or something.
• 1:58:30
  Speaker 2: It's it's the owner's team. They get to decide, they
• 1:58:33
  Speaker 2: get decided. Randall says, what are you coming to Australian
• 1:58:38
  Speaker 2: next as? A visit to Western Australia would be good
• 1:58:41
  Speaker 2: experience to see the outback in a few and do
• 1:58:43
  Speaker 2: a few lectures.
• 1:58:44
  Speaker 4: I'd love to do it.
• 1:58:45
  Speaker 2: I'm waiting for somebody to invite me, organize those lectures,
• 1:58:49
  Speaker 2: organize a tour for me. Maybe get round up some
• 1:58:53
  Speaker 2: money and get me paid. But I would love to
• 1:58:55
  Speaker 2: come to Australia, but I need to get paid if
• 1:58:58
  Speaker 2: I'm gonna come for a lecture series. So yeah, if
• 1:59:03
  Speaker 2: you know anybody with deep pockets who would like to
• 1:59:06
  Speaker 2: have become I can email you my rates and it
• 1:59:11
  Speaker 2: would be fun to come to Australia. It would be
• 1:59:14
  Speaker 2: a blast. Lincoln, how do you think the healthcare boom
• 1:59:19
  Speaker 2: and tech layoffs leading to a female dominated job market
• 1:59:24
  Speaker 2: shapes gender dynamics and politics? God, that's a big question.
• 1:59:28
  Speaker 2: How do you think the healthcare boom and tech layoffs.
• 1:59:32
  Speaker 2: I don't think we've got a I mean leading to
• 1:59:35
  Speaker 2: a female dominated job market.
• 1:59:36
  Speaker 4: I don't know that that's true right now. There is
• 1:59:39
  Speaker 4: a boom in.
• 1:59:41
  Speaker 2: Certain type of work that women tend to do more of,
• 1:59:44
  Speaker 2: like healthcare, and there is a lot of tech layoffs
• 1:59:49
  Speaker 2: which tend to affect males more. That could swing any
• 1:59:53
  Speaker 2: day now. These things could change. Men could also go
• 1:59:57
  Speaker 2: into a healthcare if that's what they want. I don't
• 2:00:00
  Speaker 2: think that's a big deal. I don't think that's that's
• 2:00:03
  Speaker 2: fixed necessary, that that has to be the case. The
• 2:00:10
  Speaker 2: reality is uh And how how does it play into
• 2:00:14
  Speaker 2: gender dynamics. Well, we've talked about this in the past. Uh,
• 2:00:18
  Speaker 2: men feel I don't know, they too many men have
• 2:00:23
  Speaker 2: low self esteem and can't handle a woman who owns
• 2:00:25
  Speaker 2: a lot of money, who has a job, or who
• 2:00:27
  Speaker 2: is responsible and ambitious and and uh, some man up.
• 2:00:32
  Speaker 2: I'd say, get some self esteem. Partially being a man
• 2:00:36
  Speaker 2: is being able to have a relationship with somebody of stature,
• 2:00:42
  Speaker 2: of statues.
• 2:00:43
  Speaker 4: Of of of of worth and and uh.
• 2:00:46
  Speaker 2: And you want a woman who's ambitious and in sos
• 2:00:49
  Speaker 2: of politics, I think it radicalizes probably radicalizes man more
• 2:00:54
  Speaker 2: uh in a right wing direction in uh, you know,
• 2:00:58
  Speaker 2: in a in a kind of direction of we wantchad wives.
• 2:01:02
  Speaker 2: But all that does is increase ment and increase anger
• 2:01:06
  Speaker 2: and increase frustration. And you know that's what you get.
• 2:01:11
  Speaker 4: You get the kind of politics we have.
• 2:01:12
  Speaker 2: Today because people are resentful and angry and and frustrated.
• 2:01:16
  Speaker 2: And I think that only increases. All right, guys, thank you,
• 2:01:23
  Speaker 2: Thank you everybody. I will see you tomorrow, I think tomorrow,
• 2:01:28
  Speaker 2: and no games, so we'll probably go back to our
• 2:01:30
  Speaker 2: regular schedule of three pm Eastern time tomorrow, and then
• 2:01:37
  Speaker 2: we'll see for the rest of the week how it goes.
• 2:01:39
  Speaker 2: Remind you again, if you're interested in funding the documentary,
• 2:01:43
  Speaker 2: check it out on Patreon on the posts. There's information there.
• 2:01:48
  Speaker 2: There will also be information by the end of the week,
• 2:01:49
  Speaker 2: I hope up on my website where you can get
• 2:01:52
  Speaker 2: information about it and you can make a contribution there.
• 2:01:57
  Speaker 2: And then there will also be. And then now don't
• 2:02:01
  Speaker 2: forget to become a Patreon supporter and monthly supporter and
• 2:02:03
  Speaker 2: Patreon Old Papa, see you tomorrow. Buy everybody, have a
• 2:02:06
  Speaker 2: great night.