Latest / Yaron Brook Show / Censorship; Iran; Russia/Ukraine; Dugin; Tariffs; Mamdani; Jones Act; Spike Lee | Yaron Brook Show

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Censorship; Iran; Russia/Ukraine; Dugin; Tariffs; Mamdani; Jones Act; Spike Lee | Yaron Brook Show · Yaron Brook Show

• 0:03
  Speaker 1: A lot of fundamentals of the widow, rational, self interesting
• 0:11
  Speaker 1: and individual loss. This is the show. Oh right, everybody,
• 0:22
  Speaker 1: welcome to one book show on this Tuesday, February seventeenth.
• 0:28
  Speaker 1: I hope everybody's having a fantastic week. And yeah, we've
• 0:35
  Speaker 1: got a new show to do, so I guess we'll
• 0:39
  Speaker 1: just jump into the news and your shows rest of
• 0:46
  Speaker 1: the week on schedule. Tomorrow will be later than usual,
• 0:50
  Speaker 1: but generally there'll be shows all week. All right, let's
• 0:52
  Speaker 1: jump in. Uh, whoa, I haven't put it on the video.
• 0:56
  Speaker 1: I have to put on the video. There we go,
• 0:57
  Speaker 1: There we go. Now that's better, all right. Said yesterday.
• 1:04
  Speaker 1: Last night, Stephen Colbert hosted his show, and he was
• 1:10
  Speaker 1: supposed to interview on the show Democratic State Senate candidate
• 1:16
  Speaker 1: James tallerisso tell Riso Tylariso. All right. He'd actually taped
• 1:23
  Speaker 1: the interview and he was going to air it on
• 1:26
  Speaker 1: the show yesterday. Now, James taler Riso is a candidate
• 1:34
  Speaker 1: for the Senate on the Democratic side. He's running in
• 1:40
  Speaker 1: the primaries in Texas and Democratic primaries. He's probably the
• 1:47
  Speaker 1: lead candidate in the Democratic primaries, although it is close
• 1:51
  Speaker 1: and Democrats are doing quite well in polling relative to Republicans.
• 1:57
  Speaker 1: And if in twenty twenty six this year in the
• 2:00
  Speaker 1: Senate race, if in the Senate race Democrats flipped Texas,
• 2:06
  Speaker 1: that would be huge, But yet they think possible given
• 2:12
  Speaker 1: the unpopularity of Donald Trump and Republicans right now. Anyway,
• 2:20
  Speaker 1: CBS decided not to air the segment. It would drew
• 2:24
  Speaker 1: the segment, and according to Colbert and others, the reason
• 2:31
  Speaker 1: was that supposedly, and this is all supposedly, the FCC
• 2:36
  Speaker 1: threatened CBS if they interviewed ed, CBS caved pulled the segment,
• 2:43
  Speaker 1: supposedly citing financial reasons. Right. And this is of course
• 2:50
  Speaker 1: presented as a major case of censorship, and of course
• 2:52
  Speaker 1: if this is actually what happened, it would be censorship.
• 2:55
  Speaker 1: I think it's a censorship anyway, but I don't think
• 2:57
  Speaker 1: it's quite as clean cut as the way it was
• 3:03
  Speaker 1: it was presented. Right. The claim is that Trump told
• 3:07
  Speaker 1: FCC to prevent us airing because he didn't want to
• 3:10
  Speaker 1: give this Democratic candidate airtime, because he didn't want, you know,
• 3:16
  Speaker 1: to raise his profile so he wouldn't be able to
• 3:19
  Speaker 1: be to a Republican in Texas. The segment aired on
• 3:26
  Speaker 1: Social media. That's what CBS does when it doesn't allow
• 3:29
  Speaker 1: a segment to air on air, it releases social media,
• 3:34
  Speaker 1: and because of all the hupala around the fact that
• 3:37
  Speaker 1: it allowed it air on the air, it gets more
• 3:40
  Speaker 1: viewership on social media than it ever would have. If
• 3:43
  Speaker 1: it was aired on social on CBS, on the Kobe
• 3:47
  Speaker 1: A Show, it would have been unnoticed. It would have
• 3:49
  Speaker 1: gone unnoticed, nobody would have cared. But it's made social media.
• 3:53
  Speaker 1: And of course tell Viso is you know, his recognition
• 4:02
  Speaker 1: and interest in him have gone through the roof, and
• 4:07
  Speaker 1: he's probably now leading other Democrats in that prime eat
• 4:11
  Speaker 1: by a much bigger margin and probably now is being
• 4:16
  Speaker 1: followed by a bunch of people in Texas. If this
• 4:20
  Speaker 1: was an attempt to decrease the influence his influence or
• 4:25
  Speaker 1: the influence of Democrats in Texas, this probably backfired in
• 4:30
  Speaker 1: a big, big way. Colbert yesterday on the show says said, quote,
• 4:37
  Speaker 1: he was supposed to be here, but we were told
• 4:39
  Speaker 1: in non certain terms by our network lawyers who called
• 4:42
  Speaker 1: us directly that we could not have him on the broadcast.
• 4:46
  Speaker 1: And the question is why why couldn't he be on
• 4:52
  Speaker 1: the broadcast? And wasn't Indeed, the FCC calling up and saying, no,
• 4:56
  Speaker 1: you cannot do this. I doubt it, and there seems
• 5:01
  Speaker 1: to be plenty of evidence that that's not indeed what happened.
• 5:03
  Speaker 1: But what is the issue here? The issue here is
• 5:09
  Speaker 1: something called the equal time rule, the equal time rule
• 5:16
  Speaker 1: and the way the FCC is interimputting that rule right now.
• 5:20
  Speaker 1: So the equal Tower room basically says that if if
• 5:24
  Speaker 1: you give airtime to one legally qualified political candidate at
• 5:31
  Speaker 1: a time of an election, then the station, the broadcaster
• 5:39
  Speaker 1: must provide equal opportunities to other candidates for the same
• 5:43
  Speaker 1: office if they requested. So the idea is, if CNBC
• 5:50
  Speaker 1: had allowed to tell us, you know, to be on
• 5:54
  Speaker 1: all the other primary candidates for the Democratic for the
• 6:01
  Speaker 1: Democratic nominee for Senate in the primaries would have been
• 6:08
  Speaker 1: able to come to CBS and demand air time, and
• 6:12
  Speaker 1: you know, they would have had to abide by it.
• 6:15
  Speaker 1: They would have had to put them on air. And
• 6:17
  Speaker 1: there's a lot of candidates, not a lot of fund runners,
• 6:20
  Speaker 1: a lot of candidates, and that's why CBS were drew it. Now.
• 6:25
  Speaker 1: In the past this was not applied to interview shows. Indeed,
• 6:33
  Speaker 1: under section three one five of this law, The law
• 6:36
  Speaker 1: dates back to nineteen thirty four. Remember nineteen thirty four,
• 6:41
  Speaker 1: and for a long time afterwards, all broadcasters were licensed
• 6:47
  Speaker 1: by the government. Today you have cable news, you have
• 6:50
  Speaker 1: the Internet, you have but ABC, CBSNBC are still guided
• 6:55
  Speaker 1: by this nineteen thirty four stupid law. Anyway, according to
• 6:59
  Speaker 1: section want to Be five, equal time does not apply
• 7:03
  Speaker 1: to bonafide newscasters, bonafide news interviews, news documentaries, and on
• 7:09
  Speaker 1: the spot news events. Now. In the past this has
• 7:14
  Speaker 1: included shows like The Tonight Show, Late Night Says Maya,
• 7:21
  Speaker 1: The View, the Daily Show. They have all been excluded
• 7:25
  Speaker 1: and under this the Corbet Show should be excluded from
• 7:30
  Speaker 1: the equal time rule. But the NEWFCC is now saying
• 7:36
  Speaker 1: no interview shows including Colbert and the Late Night and
• 7:41
  Speaker 1: The Daily Show and all these shows now have to
• 7:45
  Speaker 1: function under the equal time rule and therefore they cannot
• 7:52
  Speaker 1: in that sense take political science. They can't interview political
• 7:56
  Speaker 1: candidates unless theyre willing to interview all political candidates or
• 7:59
  Speaker 1: at least offer the interview all political candidates. So there's
• 8:06
  Speaker 1: this uncertainty will the FCC, won't they FCC? Will they
• 8:10
  Speaker 1: come after us? Won't they come after us? Now? Remember CNBC, Yeah, sorry,
• 8:15
  Speaker 1: CBS not CINGBC. CBS is owned by the Allisons. The
• 8:21
  Speaker 1: Allisons are very close to Trump, and I think that
• 8:25
  Speaker 1: the CBS is basically chosen to be super conservative about
• 8:31
  Speaker 1: these things, to take a pro Trump side on all
• 8:35
  Speaker 1: these things, not to trigger any kind of FCC inquiry.
• 8:39
  Speaker 1: Remember what happened when Barry Weiss pulled that one documentary
• 8:44
  Speaker 1: that ultimately aired and got a lot of views online.
• 8:49
  Speaker 1: And now this on the Corbet Show, and it's you know,
• 8:55
  Speaker 1: it's not explicit censorship, but it's leaning in that direction. Indeed,
• 9:00
  Speaker 1: the whole egal time rule is probably censorship is censorship.
• 9:04
  Speaker 1: It's government dictating what can and cannot be presented on
• 9:07
  Speaker 1: the news. It's also irrelevant right now because of all
• 9:10
  Speaker 1: these other alternative media that exists. It should be dumped
• 9:15
  Speaker 1: together with the entire nineteen thirty four Communications Act, and
• 9:21
  Speaker 1: the network should own the spectrum that they use. I
• 9:24
  Speaker 1: mean a lot of things need to change, but this
• 9:26
  Speaker 1: is particularly stupid, but it gives the FCC the ability
• 9:30
  Speaker 1: to sometimes implement, sometimes not implement, and as a consequence,
• 9:35
  Speaker 1: keep broadcasters will they won't they? Will? They won't they?
• 9:38
  Speaker 1: What will they do? And this lends itself to censorship,
• 9:45
  Speaker 1: to self censorship, self censorship, but not just people not
• 9:50
  Speaker 1: speaking because they're cowards, people not speaking because they're afraid
• 9:54
  Speaker 1: of government action. And I think that boils down to, yeah,
• 9:58
  Speaker 1: censorship the ship. So yeah, this is bad and and
• 10:09
  Speaker 1: we're going to see more of this. And again with
• 10:11
  Speaker 1: Trump's relationship with the with the Allison's not good. Not good.
• 10:16
  Speaker 1: When the president of the United States is very close
• 10:19
  Speaker 1: to the people who own the media network, it starts
• 10:22
  Speaker 1: sounding like Putin and Aubon. Not good. If those relationships
• 10:27
  Speaker 1: are so tight that the people who run the networks
• 10:29
  Speaker 1: are trying to figure out what what would be good
• 10:32
  Speaker 1: for the for the guy in the White House, and
• 10:34
  Speaker 1: what wouldn't be an adjusting then news coverage and adjusting
• 10:38
  Speaker 1: who they interview to that this backfire from Trump's perspective anyway,
• 10:45
  Speaker 1: or from the Republican's perspective, because it does seem like
• 10:49
  Speaker 1: tele Risso's name recognition has just exploded. And this is
• 10:54
  Speaker 1: if anything, increased his probability that he could beat a
• 10:57
  Speaker 1: Republican in Texas, not decreased it. I think I still
• 11:00
  Speaker 1: gets a long shot for Democrats to win Texas, but
• 11:03
  Speaker 1: you never know, particularly with the largest Hispanic vote, and
• 11:07
  Speaker 1: how Hispanics have been antagonized by Ice. I mean, I've
• 11:13
  Speaker 1: seen many many stories now where up and through the
• 11:18
  Speaker 1: last election, South Texas, areas that are dominantly Hispanic were
• 11:23
  Speaker 1: all turning Republican, and how that overwhelmingly seems to be reversing,
• 11:30
  Speaker 1: and that in the next elections all those areas will
• 11:33
  Speaker 1: turn back to being democratic as they feel as they
• 11:39
  Speaker 1: feel betrayed by Trump, although he told him what he
• 11:41
  Speaker 1: was going to do, It's not like he did something
• 11:44
  Speaker 1: he didn't want them in advance of. They've got nobody
• 11:47
  Speaker 1: else to blame but themselves, nobody else to blame with themselves.
• 11:54
  Speaker 1: All right, that was an interesting story, first thing in
• 11:57
  Speaker 1: the morning today. A lot of interesting things going on
• 12:04
  Speaker 1: with Iran. Conflicting things and again impossible to say what
• 12:11
  Speaker 1: exactly is going to happen, uh and what Trump intends
• 12:16
  Speaker 1: and and what is true and and and what is not? Uh.
• 12:21
  Speaker 1: So the Iranian and the American delegations met in was
• 12:26
  Speaker 1: it in zuil, Geneva in Switzerland? Uh? In Geneva, uh
• 12:30
  Speaker 1: today this morning our time this morning. And coming out
• 12:36
  Speaker 1: of that meeting, the Uranians said, yeah, no, we've we've
• 12:39
  Speaker 1: we've got, we've greed on some principles for a deal.
• 12:43
  Speaker 1: A deal is is definitely possible. And you know, my
• 12:47
  Speaker 1: view of that is that's the Iranians trying to delay.
• 12:51
  Speaker 1: They want another meeting and then negotiate some more principles,
• 12:55
  Speaker 1: and then they'll disagree with a few things, and another delay,
• 12:58
  Speaker 1: and then I want another meeting, and then on and
• 13:00
  Speaker 1: on and on and on and on it will go.
• 13:02
  Speaker 1: And that is Iranian strategy. And that's what it looks
• 13:06
  Speaker 1: like the Iranians are doing here. You know, supposedly Tehran
• 13:12
  Speaker 1: has floated in Richmond, Pauses and has offered these amazing
• 13:17
  Speaker 1: business deals to the Trump administration. They get oil, and
• 13:21
  Speaker 1: they get minerals and rare earth materials and who knows
• 13:25
  Speaker 1: what else. They're not willing to touch the ballistic missiles,
• 13:28
  Speaker 1: they're not willing to budget on any of the other
• 13:31
  Speaker 1: demands as supposedly Trump is making. Who knows if he's
• 13:34
  Speaker 1: actually making them. I don't know what's actually going on there.
• 13:39
  Speaker 1: But at this point, Tehran, I think, just wants the
• 13:43
  Speaker 1: delay and delay and delay, hoping Trump gets tired, decides
• 13:48
  Speaker 1: not to pull the trigger and cut some mediocre deal
• 13:51
  Speaker 1: in order to get all these goodies that Tehran is
• 13:54
  Speaker 1: dangling in front of him, right, So that came out
• 13:59
  Speaker 1: this morning and it looked like it really looked like
• 14:06
  Speaker 1: this is going to continue indefinitely and that these negotiations
• 14:11
  Speaker 1: will continue. I mean, the foreign minister actually said there
• 14:15
  Speaker 1: was an understanding has been reached on main principles of
• 14:19
  Speaker 1: new negotiation with the United States. Sounded pretty ominous, sounded
• 14:24
  Speaker 1: pretty bad for those of US who believe they shouldn't
• 14:27
  Speaker 1: be a deal with Iran. Okay, So that happened in
• 14:30
  Speaker 1: the morning, and then a little later I read I
• 14:35
  Speaker 1: read this. You know, White House officials are conveying messages
• 14:39
  Speaker 1: to Israel the talks between the US and Iran have
• 14:42
  Speaker 1: reached a dead end and that the chances of progress
• 14:45
  Speaker 1: are zero due to tear Run's refusal to meet Trump's
• 14:48
  Speaker 1: administration demands. Israel is stepping up operational preparedness for possibility
• 14:54
  Speaker 1: of a direct military confrontation, with the understanding that the
• 14:58
  Speaker 1: path to negotiations has exhaust to itself and an attack
• 15:01
  Speaker 1: on Iran could become a reality in the immediate future.
• 15:04
  Speaker 1: Immediate you know, the USS Ford is still on the way.
• 15:14
  Speaker 1: It's probably still a couple of weeks before it gets
• 15:16
  Speaker 1: the Middle East, so immediately imminent, immediate future doesn't seem real.
• 15:22
  Speaker 1: On the other hand, and there are lots of hands here,
• 15:24
  Speaker 1: lots and lots of hands. More and more planes are
• 15:28
  Speaker 1: flying across the across the Atlantic to Europe and then
• 15:32
  Speaker 1: on to the Middle East. F twenty two's now and
• 15:36
  Speaker 1: more fifteens and refueling aircraft and you know, and surveillance
• 15:41
  Speaker 1: aircraft see threes and pretty much you know, the United
• 15:45
  Speaker 1: States again is amassing a huge military force in striking
• 15:50
  Speaker 1: distance of Iran. So and they're giving these signals to
• 15:54
  Speaker 1: these reeli and again coming out of Israeli media, it
• 15:58
  Speaker 1: seems clear that Israel ends is preparing for an imminent
• 16:03
  Speaker 1: attack and the repercussions regarding Israel in indeed, most of
• 16:07
  Speaker 1: the reports are saying that the United States, in an
• 16:10
  Speaker 1: unprecedented move, really expect Israel will encourage Israel to participate
• 16:20
  Speaker 1: in the attacks. If you think about Gulf War one
• 16:23
  Speaker 1: and if you think about Gulf War two, the Bushes,
• 16:27
  Speaker 1: for their son created coalitions to attack Iraq. In this case,
• 16:32
  Speaker 1: and the one member they explicitly excluded and was not
• 16:36
  Speaker 1: invited to join the coalition was Israel. This time, at
• 16:41
  Speaker 1: least rumors have it. I don't know the truth. Israel
• 16:45
  Speaker 1: is being invited, almost required to join in. So again
• 16:51
  Speaker 1: Israel is preparing for that possibility. We will see if
• 16:55
  Speaker 1: that is true or not when the day comes that
• 16:58
  Speaker 1: these attacks actually happened. In addition, you know, Hamini, who
• 17:06
  Speaker 1: is the supreme leader of you on while these negotiations
• 17:09
  Speaker 1: are going on, keeps tweeting. Yes Ayatu la Hamini is
• 17:13
  Speaker 1: on Twitter. If you don't follow Ayatu Lahomani, you're missing
• 17:17
  Speaker 1: out on some great posts. Anyway, Aatula Homini is posting
• 17:24
  Speaker 1: all kinds of antagonistic posts against the Trump administration and
• 17:29
  Speaker 1: basically claiming there's nothing to negotiate, that'll never compromise and
• 17:33
  Speaker 1: Trump could go to hell basically. And then he published
• 17:36
  Speaker 1: this today today, No, this is yesterday this morning. He writes,
• 17:43
  Speaker 1: this island of corruption is only one example. Anybody know
• 17:48
  Speaker 1: the reference to the island of corruption, that is the
• 17:52
  Speaker 1: Epstein Island, the Epstein Island. Okay, So this island of
• 17:56
  Speaker 1: corruption is only one example. There is much more of this.
• 18:01
  Speaker 1: Just as this was not apparent and then became exposed,
• 18:05
  Speaker 1: there are many other things that will soon come to light.
• 18:11
  Speaker 1: I had sort of how many from his bunker in
• 18:14
  Speaker 1: some undisclosed location in Iran is tweeting that if Trump
• 18:21
  Speaker 1: attacks Iran implicit I'm reading into it. Maybe if Trump
• 18:26
  Speaker 1: attacks Iran, He's going to expose more islands of corruption
• 18:32
  Speaker 1: relevant to Trump. One reading of the tweet. You could
• 18:39
  Speaker 1: you could have a different reading of the tweet, but
• 18:41
  Speaker 1: that's that's certainly one interpretation of the tweet. So how
• 18:46
  Speaker 1: many is ready for the pr war he doesn't realize.
• 18:51
  Speaker 1: I don't think the Radians have any clue. I really
• 18:53
  Speaker 1: don't think they have a clue of what would actually happen. Now.
• 18:58
  Speaker 1: You know, I don't know that this will happen, But
• 19:00
  Speaker 1: what will actually happen if the United States unleashes it's
• 19:07
  Speaker 1: air power on Iran, just the air power that's in
• 19:11
  Speaker 1: the Middle East, plus B twos that can fly in
• 19:13
  Speaker 1: from anywhere, if they just unleash what they have in
• 19:17
  Speaker 1: the Middle East right now, I don't think I don't
• 19:20
  Speaker 1: think the Iranians, or most of these commentators, or most
• 19:23
  Speaker 1: of these military experts have any clue what kind of
• 19:29
  Speaker 1: hell the United States Air Force and Navy and missiles
• 19:35
  Speaker 1: can inflict, can inflict on your in now, whether they
• 19:39
  Speaker 1: will choose to do so, and the extent Now I
• 19:42
  Speaker 1: suppose again Israel is assuming that the United States is
• 19:47
  Speaker 1: going all in that they are going to, you know,
• 19:50
  Speaker 1: basically devastate Iran, devastate its new facilities, devastate it's ballistic missiles,
• 19:57
  Speaker 1: and devastates it's infrastructure, and then devastate it's command and control,
• 20:02
  Speaker 1: but also it's leadership. Again, I don't know if that
• 20:07
  Speaker 1: is true or not. I don't know if they'll do
• 20:10
  Speaker 1: it or not, but that is they certainly have the capabilities.
• 20:14
  Speaker 1: I mean, I don't know. Everybody thinks that wars are
• 20:16
  Speaker 1: going to be like Ukraine, Russia or you know, everybody
• 20:22
  Speaker 1: looks at like the most impressive war probably was the
• 20:25
  Speaker 1: Twelve Day War as well, you won, but take what
• 20:29
  Speaker 1: Israel did in that war, and now being in the
• 20:33
  Speaker 1: US Air Force with all of its capabilities and all
• 20:37
  Speaker 1: of its ballistic missiles, it's cruise missiles and everything else.
• 20:41
  Speaker 1: All the technology in the United States brings the table
• 20:44
  Speaker 1: that Israel doesn't have and can't bring to play given
• 20:48
  Speaker 1: how far you Wan is from Israel, and what you
• 20:51
  Speaker 1: get is complete dominance, complete dominance, and then it's only
• 20:57
  Speaker 1: a question of will to what extent do they apply
• 21:01
  Speaker 1: it and to what extent they're willing to go all
• 21:03
  Speaker 1: the way. One other story out of Juan, and this
• 21:07
  Speaker 1: is pretty amazing. Several cities in Yuan today are seeing
• 21:13
  Speaker 1: mass demonstrations. So the Iranians are going out into the streets,
• 21:18
  Speaker 1: knowing what the regime did just a few weeks ago
• 21:21
  Speaker 1: and killing tens of thousands of Uranian demonstrators, they're back
• 21:25
  Speaker 1: in the streets. They're basically clad in close up mourning
• 21:32
  Speaker 1: for those who died a few weekends ago, a few
• 21:34
  Speaker 1: weeks ago, and they are clashes and several of the
• 21:40
  Speaker 1: cities in Iran, and you know, the regime is again,
• 21:47
  Speaker 1: it appears, using violence against them, and yet they're still
• 21:52
  Speaker 1: out there now today and tomorrow, at the end of
• 21:54
  Speaker 1: the forty day traditional Uranian morning period, so this represents
• 21:58
  Speaker 1: a part of the morning. They're going out and demonstrating,
• 22:02
  Speaker 1: but they're chanting against the regime. They're demanding regime change,
• 22:06
  Speaker 1: knowing the regime is capable of shooting them all. The courage,
• 22:13
  Speaker 1: the determination of these people is truly impressive, and you
• 22:20
  Speaker 1: know they are heroes. They're standing up of their own rights,
• 22:23
  Speaker 1: they're standing up of their own lives. They're risking their
• 22:26
  Speaker 1: lives in an attempt to bring about real change, and
• 22:30
  Speaker 1: it only sharpens the possibility of a Trump betrayal of
• 22:36
  Speaker 1: these people, and that he told them to go out
• 22:39
  Speaker 1: in the streets and help was coming and it never came. Now,
• 22:44
  Speaker 1: you know, maybe it's time for the help to come.
• 22:48
  Speaker 1: The starting regime in response is basically imposed to the
• 22:51
  Speaker 1: facto martial law in many of the major cities. They're
• 22:57
  Speaker 1: trying to stop these demonstrations. They're starting to stop people
• 23:00
  Speaker 1: gathering together. They're separating them out. They've got barricades in
• 23:04
  Speaker 1: the streets. They're monitoring everything that is happening. You know,
• 23:10
  Speaker 1: it is what is happening in Iran is his stoic.
• 23:13
  Speaker 1: And what happens in the next few days I think
• 23:18
  Speaker 1: is going to be is going to be significant. Luckily,
• 23:20
  Speaker 1: my wife is flying back from Israel. She leaves six
• 23:25
  Speaker 1: am Wednesday morning, so in a few hours Israel time.
• 23:29
  Speaker 1: So the main thing is for me right now, she
• 23:33
  Speaker 1: gets out of there before the action starts. And so
• 23:37
  Speaker 1: after six am, Donald Trump, feel feeder for feeda launcher,
• 23:41
  Speaker 1: whatever attacks you need in in Iran and and get
• 23:45
  Speaker 1: Israeli to Israel, to participate with you, Hella, as with
• 23:53
  Speaker 1: Cough and Witcoff, and who's with Witcoff? Kushna, Jared, Kushna
• 24:02
  Speaker 1: and Wikoff are going in one hotel at one room
• 24:06
  Speaker 1: to negotiate with the Ranians. Then they, I guess, go
• 24:10
  Speaker 1: to another hotel or maybe it's just across the hall
• 24:12
  Speaker 1: and they go to negotiate with the Ukrainians. So Kushna
• 24:19
  Speaker 1: in Witcoff negotiating with Ukrainians. Basically Witcoff and Kushna are
• 24:25
  Speaker 1: I think have now been officially designated as representatives of
• 24:34
  Speaker 1: Russia in the negotiations because they're basically pushing the Russian line.
• 24:42
  Speaker 1: The Americans have been pushing Ukraine to basically allow for
• 24:48
  Speaker 1: Russia to nx Donbas, pushing the Ukrainians and pushing the Ukrainians.
• 24:54
  Speaker 1: This is going on today. This meeting was really the
• 24:59
  Speaker 1: US gang up again on Ukraine and we kind of
• 25:05
  Speaker 1: trying to force Ukraine to make decisions that are bad
• 25:09
  Speaker 1: for Ukraine itself and bad for Europe as a consequence.
• 25:13
  Speaker 1: It seems like delegations from the UK and France walked
• 25:18
  Speaker 1: into the talks today that were being held between Russia,
• 25:21
  Speaker 1: the US and Ukraine two against one to boast of
• 25:26
  Speaker 1: the Ukrainian side. So the Europeans basically made it clear
• 25:33
  Speaker 1: there's not going to be any agreement without the Europeans
• 25:35
  Speaker 1: being there. They're not going to leave the Ukrainians to
• 25:38
  Speaker 1: be eaten up by the Trump administration together with the
• 25:41
  Speaker 1: Russians acting as one front. It would seem now again,
• 25:46
  Speaker 1: we will see what happens with these negotiations. As I've
• 25:49
  Speaker 1: told you for months, really for year now, witkof is horrible,
• 25:55
  Speaker 1: really really really horrible. I don't know Jared Kushna, but
• 26:00
  Speaker 1: he has got Jack. Kushna has big financial incentives to
• 26:08
  Speaker 1: to kind of deal with Yuan. It could be that
• 26:10
  Speaker 1: the Ranians offering Kushna and witcoff in financial interests in Iran.
• 26:17
  Speaker 1: They've got interest in the Middle East. They're heavily, heavily influenced,
• 26:20
  Speaker 1: both of them by the Kataris, by the Saudis. The
• 26:24
  Speaker 1: Saudis are massive investment investors in Krishna's private equity fund funds.
• 26:31
  Speaker 1: They're interests aligned with not the best people in the
• 26:35
  Speaker 1: Middle East, certainly not with Israel and ultimately not clear
• 26:40
  Speaker 1: with the United States. And I think the same is
• 26:44
  Speaker 1: true with Russia. I think Putin has dangled oil deals,
• 26:51
  Speaker 1: rare earth material deals, mining deals, all kinds of deals,
• 26:55
  Speaker 1: and Kushna and Wikoff see billions. They see the dollar
• 26:59
  Speaker 1: signs in front of the rise. They have no interest
• 27:01
  Speaker 1: in Ukraine. They don't care about Ukraine only they are
• 27:06
  Speaker 1: motivated by Trump's love of Putin plus the kind of
• 27:10
  Speaker 1: financial interest they can get out of Russia in a compromise.
• 27:15
  Speaker 1: That's the reality. That's the administration we have. The only
• 27:19
  Speaker 1: way Ukraine survives all this is if the Europeans stand
• 27:23
  Speaker 1: up to Trump and the Upeans standing up to Trump.
• 27:29
  Speaker 1: You know, Ukraine already doesn't get any weapon aid from
• 27:32
  Speaker 1: the United States, but the United States is still willing
• 27:35
  Speaker 1: to sell weapons to Europe and then be transferred to Ukraine.
• 27:39
  Speaker 1: I guess it could withdraw that a lot of the
• 27:43
  Speaker 1: intelligence now coming into the Ukrainians is being supplied by
• 27:46
  Speaker 1: the Europeans instead of the US, so as to minimize
• 27:52
  Speaker 1: the damage of the US stopping to share intelligence. Ukraine
• 27:56
  Speaker 1: and the Europeans are trying starting to place themselves on
• 28:04
  Speaker 1: independent feet, if you will, less reliance in the United
• 28:07
  Speaker 1: States because they can't trust this administration and what it
• 28:11
  Speaker 1: will do next. Also got to Ukraine for the first
• 28:16
  Speaker 1: time in a long time, we can report the Ukraine
• 28:20
  Speaker 1: is actually making progress on the front line. According to
• 28:25
  Speaker 1: the number of news outlets analyzing satellite data, the armed
• 28:30
  Speaker 1: forces of Ukraine have captured about two hundred square kilometers
• 28:34
  Speaker 1: of territory between Wednesday and Sunday last week. This is
• 28:41
  Speaker 1: about the same size area that Russia captured in all
• 28:47
  Speaker 1: of December, which represented the biggest gains the Russians had
• 28:51
  Speaker 1: made since twenty twenty three since middle of twenty twenty three.
• 28:57
  Speaker 1: Ukraine did it in a few days. Russia to months
• 29:00
  Speaker 1: and months and months to make that progress. It also
• 29:06
  Speaker 1: looks like the amount of weapons flowing into Ukraine has
• 29:08
  Speaker 1: increased significantly from Europe. I've also read that the Ukrainians
• 29:13
  Speaker 1: now have F sixteens up in the air. Finally, they've
• 29:17
  Speaker 1: got a squadron of sixteens piloted at least some of
• 29:21
  Speaker 1: the planes piloted by foreign pilots who have signed contracts
• 29:26
  Speaker 1: with the Ukrainians basically as mercenaries, and who are flying
• 29:29
  Speaker 1: these F sixteens. They have sixteens a crucial in downing
• 29:34
  Speaker 1: some of the ballistic missiles and the cruise missiles and
• 29:37
  Speaker 1: some of the what do you call it drones that
• 29:41
  Speaker 1: Russia sends Ukraine's way every single night, but they could
• 29:45
  Speaker 1: also be used and be helpful actually on the battlefield
• 29:50
  Speaker 1: to give the Ukrainian forces some air support which they
• 29:53
  Speaker 1: have not had since the beginning of the war. The
• 29:57
  Speaker 1: reason given for the sudden advance of the Ukrainian force
• 30:00
  Speaker 1: says might have to do with the blocking of the
• 30:06
  Speaker 1: Stallink satellites on the Russian side. If you remember, we
• 30:10
  Speaker 1: talked about this, I think last week, about the fact
• 30:12
  Speaker 1: that a bunch of terminals, stalling terminals that the Russians
• 30:16
  Speaker 1: were using that in a supposedly pirated way, were blocked
• 30:21
  Speaker 1: by Stallink, and suddenly Russia had lost its commanding control
• 30:25
  Speaker 1: and some of its ability to deploy drones because of that.
• 30:29
  Speaker 1: And it looks like the Ukrainians took advantage of that
• 30:32
  Speaker 1: and took a bunch of territory talk about Russia. Alexander
• 30:40
  Speaker 1: Dugan Alexander Dugen one of the most evil people on
• 30:44
  Speaker 1: planet Earth, maybe maybe the most evil philosophers certainly think
• 30:50
  Speaker 1: on planet Earth. This guy's real devil. He is often
• 30:55
  Speaker 1: considered to Belton's philosopher, although it's not clear how much
• 31:03
  Speaker 1: direct contact they have, but he is the idea logue
• 31:07
  Speaker 1: of Russia nationalism, the idea logue that believes that Russia
• 31:12
  Speaker 1: should control all of Europe. He's a postmodernist, mystic mishmash
• 31:18
  Speaker 1: of left and right. This is he had two tweets
• 31:23
  Speaker 1: today that are worthy of mention. Two tweets was the
• 31:28
  Speaker 1: of mention uh with you mention. Alexander Dugan writes, the
• 31:35
  Speaker 1: left needs to ditch woke ideology, dei uncontrolled migration, progressivism,
• 31:43
  Speaker 1: and atheism. The right needs to drop ein rand capitalism, racism, individualism,
• 31:54
  Speaker 1: and anti socialism, anti socialism. The true leftists and true
• 32:01
  Speaker 1: right wingers have one enemy. His name is Jeffrey Epstein.
• 32:16
  Speaker 1: I don't know if you get that. Are you getting this?
• 32:19
  Speaker 1: I have to read that to you again. This is
• 32:21
  Speaker 1: Dugan Dugan right. The left needs to ditch woke ideology,
• 32:28
  Speaker 1: DEI uncontrolled migration, progressivism, and atheism. The right needs to
• 32:34
  Speaker 1: drop iinrand capitalism, racism, individualism, and anti socialism. In other words,
• 32:42
  Speaker 1: and they need unite under the banner of socialism, statism,
• 32:48
  Speaker 1: and collectivism because the right needs to abandon individualism. The
• 32:51
  Speaker 1: Left's already there. As long as the left abandons the
• 32:55
  Speaker 1: and woke right, true leftists and true rights right wingers
• 33:01
  Speaker 1: have one enemy. His name is Jeffrey Epstein. Now what
• 33:05
  Speaker 1: does Jeffrey Epstein represent? For Dugan, Here's what it represents.
• 33:17
  Speaker 1: This is another tweet from a little later, yes, about
• 33:21
  Speaker 1: the same time. This is the moment, Dugan writes, We've
• 33:26
  Speaker 1: been waiting for the right and the left finally have
• 33:30
  Speaker 1: to team up against the satanic rule of big capital.
• 33:38
  Speaker 1: Capitalism is Epstein, It's his global princely empire. Capitalism is Epstein.
• 33:53
  Speaker 1: It's his global princely empire. Now what is he what's
• 34:04
  Speaker 1: he advocating? He is he has educating of this unity
• 34:07
  Speaker 1: of left and right that I've been saying is our future.
• 34:11
  Speaker 1: And what unites them is a hatred of capital, a
• 34:16
  Speaker 1: hatred of capital, hatred of Epstein. Epstein is not only capital,
• 34:22
  Speaker 1: but what else does Epstein represent? Jews, Jews, money, capitalism.
• 34:29
  Speaker 1: This is Marx. So Dugan is calling on the left
• 34:35
  Speaker 1: and the right to unite to fight capitalism, capitalism as
• 34:44
  Speaker 1: that system controlled and manipulated by the Jews, by rich
• 34:50
  Speaker 1: Jews who control global globalist cosmopolitan capital. Now never mind
• 35:02
  Speaker 1: that Epstein was a complete statist, you know, hung around
• 35:06
  Speaker 1: with with what's his name, Noam Chomsky, and was a
• 35:11
  Speaker 1: crony all the way through, advocated for stakeholder capitalism, and
• 35:16
  Speaker 1: you know it was an anti capitalist through and through.
• 35:24
  Speaker 1: But he was Jewish, and he was rich and he
• 35:28
  Speaker 1: was connected, and he was a globalist cosmopolitan. But I
• 35:35
  Speaker 1: you know, I love it. This is so this is
• 35:40
  Speaker 1: so perfect. Dugan represents in our world starch stuck, you know,
• 35:52
  Speaker 1: an insistence on Middle Ages, Dark Ages philosophy. He is
• 36:00
  Speaker 1: a principled if he can even apply that term to
• 36:04
  Speaker 1: collectivist mystic statist. He is a Russian Orthodox and worse,
• 36:15
  Speaker 1: pagan mystic. He is a collectivist through and through. Notice
• 36:22
  Speaker 1: the one thing he wants the right to abandon individualism
• 36:27
  Speaker 1: and Iran of course as the as the representative of individualism.
• 36:33
  Speaker 1: He wants individualism rejected. Now he also wants racism both
• 36:40
  Speaker 1: have left and right to be rejected. He's not a racist.
• 36:44
  Speaker 1: He's a collectivist of nations, a power, but not a racist.
• 36:52
  Speaker 1: So he wants the left and the right to abandon
• 36:55
  Speaker 1: racism and to unite and to abandon atheism, unite under
• 37:03
  Speaker 1: mysticism religion for the sake of collectivism by abandoning any
• 37:09
  Speaker 1: remnant of individualism and statism. That's the point of his
• 37:14
  Speaker 1: You know, the right needs to stop being anti socialist.
• 37:23
  Speaker 1: He claims to reject both communism and fascism, but he's
• 37:29
  Speaker 1: really a fascist through and through. He's an out and
• 37:33
  Speaker 1: out statist. And look, he's incredibly influential. I'm just looking.
• 37:39
  Speaker 1: He has four hundred and ten thousand followers on Twitter,
• 37:43
  Speaker 1: but in Russia, incredibly influential. Jordan Peterson has spoken positively
• 37:48
  Speaker 1: about him, and you know, many on the right look
• 37:55
  Speaker 1: up to him. Steve Bannon considers him the great philosopher,
• 37:59
  Speaker 1: the great think of time. This is, you know, this
• 38:06
  Speaker 1: is a man predicting the future right now. The future
• 38:09
  Speaker 1: is a unity of left and right going after capitalism.
• 38:16
  Speaker 1: Kind of scary, kind of scary, but you can see
• 38:19
  Speaker 1: it kind of in there. That seems to be where
• 38:21
  Speaker 1: we're heading. All right, let's move from huh from Dugan
• 38:31
  Speaker 1: to tar Us. Now you remind everybody of a super chat.
• 38:35
  Speaker 1: You can ask questions shape the show. You can also
• 38:37
  Speaker 1: do a sticker value for value. We've got targets for
• 38:41
  Speaker 1: the first hour, second hour, two hundred and fifty dollars,
• 38:43
  Speaker 1: basically an hour jump in. We need about one hundred
• 38:48
  Speaker 1: dollars to wrap up this hour. We've got twenty minutes
• 38:50
  Speaker 1: to make it five twenty dollars questions, we'll get us there.
• 38:53
  Speaker 1: So instead of asking lots on lots of two dollars questions,
• 38:56
  Speaker 1: jump in with the twenty just to help us get
• 38:58
  Speaker 1: to our targets today. All right, there is a new
• 39:03
  Speaker 1: paper out in the National Bureau of Economic Research. It's
• 39:07
  Speaker 1: a working paper, but it's a new paper out that
• 39:11
  Speaker 1: looks at the macroeconomic effects of tariffs evidence from US
• 39:16
  Speaker 1: historical data. So I'm just going to read you the
• 39:20
  Speaker 1: abstract because you know we're not going to delve deep
• 39:24
  Speaker 1: into the methodology of the data. But here's the abstract.
• 39:27
  Speaker 1: We studied the macroeconomic effects of tariff policy using US
• 39:31
  Speaker 1: historical data from eighteen forty till twenty twenty four. We
• 39:37
  Speaker 1: construct a narrative series of plausible exogenous tariff changes based
• 39:42
  Speaker 1: on major legislative actions, multilateral negotiations, and temporary search charges.
• 39:49
  Speaker 1: Exogenisis means from the outside, so from politics, it's not
• 39:54
  Speaker 1: a rising out of the economic process, and use it
• 39:57
  Speaker 1: as an instrument to identify a struct tariff shock. This
• 40:03
  Speaker 1: is basically the conclusion tariffs increases, tariff increases, our contradictory
• 40:12
  Speaker 1: imports fall sharply, exports decline with a lag, and output
• 40:19
  Speaker 1: and manufacturing that's what's important. Output and manufacturing activity drop persistently, persistently.
• 40:32
  Speaker 1: So when we predicted that the raising the tasks would
• 40:36
  Speaker 1: decrease manufacturing in the United States, it looks like that's
• 40:40
  Speaker 1: the way it's behaved throughout American history. It says the
• 40:46
  Speaker 1: shock transmits through both supply and demand channels. Prices rise
• 40:52
  Speaker 1: in the full sample, but fall post World War Two,
• 40:56
  Speaker 1: a pattern consistent with changes in monetary policy response, and
• 41:00
  Speaker 1: we're stronger into national retaliation and reciprococity in the modern
• 41:03
  Speaker 1: trade regime. So they're looking at all the different differences
• 41:07
  Speaker 1: and controlling for all the different patterns throughout American history,
• 41:11
  Speaker 1: and the conclusion, the alternate conclusion is output and manufacturing
• 41:20
  Speaker 1: activity drop persistently. In other words, wealth goes down, stand
• 41:28
  Speaker 1: up living goes down because output production goes down, and
• 41:32
  Speaker 1: even manufacturing, which you're trying to protect with most tariffs
• 41:35
  Speaker 1: goes down. Pretty stunning, but completely completely consistent with what
• 41:43
  Speaker 1: I and Scott Listic and Film Magnus and a bunch
• 41:48
  Speaker 1: of others have been telling you from day one. Scientific
• 41:52
  Speaker 1: research keeps coming back and showing us to be correct.
• 41:57
  Speaker 1: So does the data coming out of the US five
• 42:01
  Speaker 1: no jobs created, no jobs created, and declining manufacturing jobs,
• 42:08
  Speaker 1: a substantial declining manufacturing jobs, any manufacturing output. That's the
• 42:15
  Speaker 1: consequence of tariffs. Now, in addition, the other thing that
• 42:25
  Speaker 1: tariffs do tash at the US imposers on the world
• 42:28
  Speaker 1: do is they create incentives for other countries to start
• 42:33
  Speaker 1: cutting deals between themselves. Now we've documented this already with
• 42:39
  Speaker 1: the EU deal with India, the EU deal with South America,
• 42:43
  Speaker 1: but now there's even a bigger deal on the table.
• 42:47
  Speaker 1: It looks like Canada has joined the EU in negotiating
• 42:55
  Speaker 1: with the Transpecific Trade Alliance, that is this massive Asian
• 43:03
  Speaker 1: block that does not include China, but pretty much everybody
• 43:08
  Speaker 1: else across the Pacific, both Latin American countries but primarily Japan,
• 43:15
  Speaker 1: South Korea, and Indonesia, Malaysia, Singapore, Philippines, Australia and New Zealand,
• 43:24
  Speaker 1: all these countries and the border of the Pacific. And
• 43:28
  Speaker 1: they're preparing basically to sign or negotiate a deal that
• 43:33
  Speaker 1: would link that would provide for dramatically reduced tariffs between
• 43:38
  Speaker 1: Asia excluding China, Europe and Canada, and this would be massive.
• 43:45
  Speaker 1: So it could be in a kind of roundabout bizarre
• 43:49
  Speaker 1: way that Trump's taffs actually increase the amount of free
• 43:54
  Speaker 1: trade in the world out there, as Ian Berman puts
• 43:59
  Speaker 1: it in Twitter, Trump does this credit for this decision,
• 44:02
  Speaker 1: driving more free trade and globalization around the world. So
• 44:08
  Speaker 1: the story is the EU and twelve nation indo China block.
• 44:11
  Speaker 1: This includes India, I guess opening talks to explore filming
• 44:15
  Speaker 1: one of the largest global economic alliances. In Canada's Connie
• 44:21
  Speaker 1: is spearheading the discussions. I think this is fantastic good
• 44:26
  Speaker 1: for them. And if the United States wants to go
• 44:29
  Speaker 1: along this route of like mook intoism, let it do
• 44:34
  Speaker 1: it alone and let the United States suffer while the
• 44:36
  Speaker 1: rest of the world enjoys the massive benefits of actual
• 44:40
  Speaker 1: free trade.
• 44:46
  Speaker 2: All right, huh, how did we get to this with
• 44:55
  Speaker 2: skipping what I was saying? All right, let's jump to that.
• 44:57
  Speaker 1: All right, what's starting to see kind of the first
• 45:01
  Speaker 1: actions coming from mum Donnie in New York City and
• 45:06
  Speaker 1: what he's doing. And you know, I think the new budget,
• 45:10
  Speaker 1: his proposed budget is due tomorrow and we'll be voted
• 45:13
  Speaker 1: by the city council and it's got a massive, massive hole.
• 45:19
  Speaker 1: Mum Donnie's proposing to spend a lot more money than
• 45:22
  Speaker 1: the government is the New York City goverment is going
• 45:24
  Speaker 1: to bring in. And now this is not just mum
• 45:28
  Speaker 1: Donnie's fault. This is, of course a budget that was
• 45:31
  Speaker 1: geared towards a massive deficit from the previous administrations going
• 45:37
  Speaker 1: back a long time. Mum Donnie's making it worse because
• 45:40
  Speaker 1: he doesn't want to cut anything and he wants to
• 45:41
  Speaker 1: add all of his favorite things to throw money at.
• 45:47
  Speaker 1: So the first step was mum Donnie wants to raise
• 45:50
  Speaker 1: taxes on the rich. But in order to do that,
• 45:54
  Speaker 1: he has to get because of the way New York works,
• 45:57
  Speaker 1: he has to get the state of New York to
• 46:00
  Speaker 1: vote on it. That is, it can't be decided at
• 46:03
  Speaker 1: the city level, it has to be decided at the
• 46:06
  Speaker 1: state level. So Donny has gone to Albany and asked
• 46:12
  Speaker 1: them to raise taxes on the rich, and the Governor
• 46:15
  Speaker 1: of New York is not sympathetic and basically said no,
• 46:19
  Speaker 1: and he's stuck. In the meantime, the Governor of New
• 46:23
  Speaker 1: York has agreed to basically send him a one point
• 46:27
  Speaker 1: five billion dollar bailout. So Mamdani begged for more taxes.
• 46:34
  Speaker 1: Basically got to know. The governor's afraid that all these
• 46:38
  Speaker 1: New Yorkers will leave and the state will lose revenue. Instead,
• 46:43
  Speaker 1: the governor has committed to an extra extra above and
• 46:45
  Speaker 1: beyond what that State of New York gives the city anyway,
• 46:49
  Speaker 1: an extra billion this fiscal yeah, and another five hundred
• 46:53
  Speaker 1: million next physical years, one point five billion in to
• 46:58
  Speaker 1: try to cover the short fall. Now, the shortfall might
• 47:06
  Speaker 1: be as big as twelve billion dollars, so it's not
• 47:09
  Speaker 1: clear that one and a half billion and going to
• 47:11
  Speaker 1: do that much that much to help. But now they're
• 47:18
  Speaker 1: claiming we'll see. Now they're claiming that maybe the gap
• 47:22
  Speaker 1: is in twelve billion, maybe it's only five billion. If
• 47:24
  Speaker 1: it's five billion, one and a half billion really helps,
• 47:26
  Speaker 1: So you know, we'll see. They're playing they're playing numbers games,
• 47:30
  Speaker 1: numbers games. Right now, Mumdoney is still crusading for a
• 47:36
  Speaker 1: tax hike. He's trying to push Hokal, the Governor of
• 47:40
  Speaker 1: New York, to raise taxes on people making one million
• 47:44
  Speaker 1: dollars by two percent in the Big Apple, just in
• 47:47
  Speaker 1: the city so far they push back on it hasn't passed,
• 47:53
  Speaker 1: so this is this is temporary. We'll see where that goes. Okay,
• 47:58
  Speaker 1: So that avenue is difficult, right, So instead now he
• 48:06
  Speaker 1: is proposing an increase to the city property taxes. Now
• 48:13
  Speaker 1: that I think he might be able to get just
• 48:15
  Speaker 1: a city level without getting state approval. So today he
• 48:24
  Speaker 1: opened the possibility of New York City property taxes going
• 48:27
  Speaker 1: up this year. Mamdnni sits on veil tomorrow or later
• 48:32
  Speaker 1: this week, maybe today, maybe today's afternoon one hundred and
• 48:36
  Speaker 1: twenty seven billion dollar preliminary budget proposal for next physical year,
• 48:41
  Speaker 1: which begins in July. As part of that, Mumdanni will
• 48:45
  Speaker 1: float raising property taxes, which he can do without state approval,
• 48:50
  Speaker 1: as I said, to close the five point four billion
• 48:53
  Speaker 1: dollar revenue shortfall. Now again we will see what you
• 48:58
  Speaker 1: know if that passes, I guess the city council whoever
• 49:01
  Speaker 1: needs to do that. But if you can't raise money
• 49:05
  Speaker 1: from the texas on the ultra wealthy, the alternative, of
• 49:08
  Speaker 1: course is to raise property taxes, and that hits the
• 49:11
  Speaker 1: wealthy more than others because but it also hits a
• 49:14
  Speaker 1: middle class and people on that might not be happy
• 49:17
  Speaker 1: with him over that. So it'll be interesting to see
• 49:20
  Speaker 1: how this plays out over the next few weeks. But
• 49:23
  Speaker 1: taxes are going up in New York one way or
• 49:25
  Speaker 1: the other. Taxes are going up in New York. Now
• 49:29
  Speaker 1: in addition, you know, Mamdani has basically declared war on
• 49:34
  Speaker 1: delivery apps on the gig economy, like they don't treat
• 49:40
  Speaker 1: the employees right, and this has been an ongoing struggle
• 49:44
  Speaker 1: in New York. New York has imposed a minimum wage
• 49:48
  Speaker 1: on you know, the various dough dashers, ubers and all
• 49:59
  Speaker 1: the different all the competitives, they all now have to
• 50:03
  Speaker 1: pay minimum wage. Then there was a big fight about tipping.
• 50:07
  Speaker 1: You know when when they when the companies had to
• 50:09
  Speaker 1: increase them at basically pay a minimum wage. Then they
• 50:13
  Speaker 1: didn't include the tip in the amount that writers saw
• 50:19
  Speaker 1: when they booked a cab. It was only added you
• 50:21
  Speaker 1: only added later. Now the City of New York is
• 50:24
  Speaker 1: forcing them to include it in the price so that
• 50:29
  Speaker 1: they choose a tip before they ever get the ride.
• 50:36
  Speaker 1: And generally Mamdani believes that and the socialists that Mumdani
• 50:41
  Speaker 1: has hired to in his administration believe that, you know,
• 50:45
  Speaker 1: the workers in the gig economy are being exploited and
• 50:48
  Speaker 1: that the city needs to protect them, and the city's
• 50:52
  Speaker 1: launched a number of lawsuits against geek companies. There's one
• 50:56
  Speaker 1: gig company called Moto Click, which they argue as blatantly
• 51:02
  Speaker 1: ignore the minimum wage law. A lot of energy in
• 51:05
  Speaker 1: New York City right now is going towards trying to
• 51:08
  Speaker 1: make running one of these gig economy companies as difficult
• 51:14
  Speaker 1: as possible. Note that they're like, this is a huge
• 51:18
  Speaker 1: industry in New York. They're like eighty thousand people who
• 51:21
  Speaker 1: work in the gig economy, drivers, bicyclists, who deliver stuff.
• 51:27
  Speaker 1: And you know, this is all presented as an effort
• 51:33
  Speaker 1: to defend their quote supposed rights to a decent wage
• 51:38
  Speaker 1: and a decent living and whatever, and at the same
• 51:41
  Speaker 1: time is a real possibility that it basically destroys their lifehood,
• 51:46
  Speaker 1: destroys these companies, and makes life on New York as
• 51:49
  Speaker 1: more difficult because one thing that happens when you raise
• 51:52
  Speaker 1: minimum wages is prices go up. The companies have to
• 51:57
  Speaker 1: make the money somewhere, and what happens if prices go
• 52:04
  Speaker 1: up is people tip less. So in the tips plummeted
• 52:08
  Speaker 1: by nearly fifty percent when they raise the minimum wage,
• 52:11
  Speaker 1: when they impose the minimum wage, and as a consequence,
• 52:18
  Speaker 1: as a consequence, it's not clear drivers are better off.
• 52:23
  Speaker 1: They might be significantly worse off in terms of the
• 52:27
  Speaker 1: total wages they're bringing in. The whole thing is ridiculous.
• 52:30
  Speaker 1: Mary Lean says, living wages an anti concept. Of course,
• 52:33
  Speaker 1: it's an anti concept, living wages. It's in quotation walks.
• 52:37
  Speaker 1: It's a completely anti concept. It means nothing. Living by
• 52:40
  Speaker 1: what's standard living? How living by what means some people
• 52:44
  Speaker 1: live in the world on two dollars a day? Is
• 52:46
  Speaker 1: that a living wage? So the whole thing is ridiculous. Anyway,
• 52:53
  Speaker 1: we'll keep track of Mamdanni and what he does. In
• 52:57
  Speaker 1: the meantime, we've got a new wonderful exampeople of the
• 53:00
  Speaker 1: Jones Act. I always explained to Jones Act and people go, no,
• 53:04
  Speaker 1: that's not real, it can't be real, And yet it is.
• 53:11
  Speaker 1: Here's what the Jones Act says. If you're transporting goods
• 53:15
  Speaker 1: between any two American ports ports, the ship transporting the
• 53:22
  Speaker 1: goods must be American built, American owned, flagged, an American
• 53:34
  Speaker 1: you know what do you call it? Cud? The crew
• 53:37
  Speaker 1: has to be all Americans. Who has to be Americans.
• 53:41
  Speaker 1: Ship is the only owned by Americans built by Americans.
• 53:46
  Speaker 1: They're only seventy two Jones Act ships in the world. So,
• 53:51
  Speaker 1: for example, if you want to ship something from the
• 53:54
  Speaker 1: US to Puerto Rico, it has to be a Jones
• 53:58
  Speaker 1: Act boat, which means there's very little competition for that route,
• 54:04
  Speaker 1: and that means that price is here more expensive. And
• 54:10
  Speaker 1: it also means that it's easier to ship certain things
• 54:14
  Speaker 1: not from the United States outside the United States, even
• 54:17
  Speaker 1: if they involve things like tariffs. So for example, Puerto
• 54:22
  Speaker 1: Rico gets its natural gas from other countries in Central America,
• 54:28
  Speaker 1: not from the United States, because there's no LNG natural
• 54:34
  Speaker 1: gas ship that is a Jones Act ship that can
• 54:39
  Speaker 1: transport between two American puts. If you get an acousta
• 54:45
  Speaker 1: Alaska in Seattle, the ship will always stop in Canada.
• 54:50
  Speaker 1: Why you're going to Alaska because it's not allowed to
• 54:55
  Speaker 1: go from Seattle to Alaska directly because two ports. And
• 55:01
  Speaker 1: there's only one cruise ship in the world that is
• 55:05
  Speaker 1: a Jones Act ship. She stop in Alaska. That's allowed.
• 55:13
  Speaker 1: If you take a cruise from from California to Hawaii,
• 55:18
  Speaker 1: the cruise ship almost always except for this one boat
• 55:21
  Speaker 1: stops in Mexico. Again, Why because you have to stop
• 55:26
  Speaker 1: in a foreign country in order, because you can't go
• 55:29
  Speaker 1: directly from one American port to another. I've given this
• 55:32
  Speaker 1: other example from before. If you in Boston and you
• 55:35
  Speaker 1: need more natural gas because the pipelines are full, and
• 55:39
  Speaker 1: you need more natural gas, and you want to bring
• 55:42
  Speaker 1: it in in liquefied natural gas by ship, it's not
• 55:47
  Speaker 1: going to come from Houston. It's not going to come
• 55:49
  Speaker 1: from Baltimore where they have LNG depots. It's going to
• 55:54
  Speaker 1: come before the war from Russia, or it's going to
• 55:59
  Speaker 1: come from from from Qua, from a Quait or Kata
• 56:04
  Speaker 1: because of because of the Jones Act. If you wonder
• 56:11
  Speaker 1: why there's so many trucks, so so, so many trucks
• 56:16
  Speaker 1: on the I ninety five that goes along the East coast,
• 56:19
  Speaker 1: that I ninety five. Why are there's so many trucks.
• 56:25
  Speaker 1: It can't be cheap to transport containers on a truck.
• 56:30
  Speaker 1: Why not ship them all on a boat? Oh, because
• 56:36
  Speaker 1: they're not enough boats because of the Jones Act. Now,
• 56:40
  Speaker 1: lots of other shippers would be happy to ship stuff
• 56:42
  Speaker 1: from Houston to Boston from Baltimore to Boston from you
• 56:46
  Speaker 1: know Charleston as a as a as a port to
• 56:48
  Speaker 1: Boston or to Baltimore to any of these ports. Lots
• 56:52
  Speaker 1: of shipping companies will do that, but they don't have
• 56:54
  Speaker 1: Jones Act boats, so they can't do it. Here's the
• 56:59
  Speaker 1: latest example, California. California has a shortage of fuel. A
• 57:08
  Speaker 1: lot of refiners are leaving the state. They can't make
• 57:12
  Speaker 1: any money and they're shutting down. So California needs to
• 57:16
  Speaker 1: input refined fuels, refine fuels. See here's how refined fuels
• 57:27
  Speaker 1: are getting to California. Your supplies of gasoline are being
• 57:35
  Speaker 1: shipped to California from places like Texas and Louisiana where
• 57:39
  Speaker 1: the refineries are, via the Bahamas, via the Bahamas and
• 57:48
  Speaker 1: then through the Panama Canal. Why because the Jones Act,
• 57:56
  Speaker 1: a one hundred and six year old maritime law, does
• 58:00
  Speaker 1: not requires goods ship between US ports to travel and
• 58:07
  Speaker 1: US built owned and operated vessels, which are in short
• 58:10
  Speaker 1: supply and expensive to charter, and therefore they have to
• 58:13
  Speaker 1: stop on their way in places like the Bahamas, and
• 58:19
  Speaker 1: we don't have enough pipelines to ship it through pipeline.
• 58:23
  Speaker 1: So California is increasing its gasoline inputs, with more than
• 58:27
  Speaker 1: forty percent coming from the Bahamas in November. But wait
• 58:32
  Speaker 1: a minute, the Bahamas doesn't refine anything. Yeah, the Bahamas
• 58:36
  Speaker 1: get it from the refiners in the US and from
• 58:38
  Speaker 1: the Bahamas to shipped to California. This is the stupidity
• 58:45
  Speaker 1: of American lawmakers who can't even come together to repeal
• 58:49
  Speaker 1: this stupid law which was supposed to protect the maritime
• 58:55
  Speaker 1: industry in the United States. It was passed one hundred
• 58:58
  Speaker 1: and six years ago. In the meantime, the number of
• 59:01
  Speaker 1: ships is down. America doesn't really build any ships. Shipyards
• 59:06
  Speaker 1: are gone, have disappeared, very few people work on ships.
• 59:12
  Speaker 1: Who is this protecting nobody? Trump has had several opportunities
• 59:18
  Speaker 1: to repeal this law. He objects he will not repeal
• 59:21
  Speaker 1: the Jones Act. And Congress doesn't have a veto proof
• 59:27
  Speaker 1: inngoviity to repeal it, and so it's on the books.
• 59:30
  Speaker 1: Makes all of our lives more expensive and just stupid
• 59:34
  Speaker 1: and more dangerous because the more trucks on the road
• 59:36
  Speaker 1: than they should be, and nobody cares. And imagine if
• 59:41
  Speaker 1: you cannot repeal a stupid law like the Jones Act
• 59:46
  Speaker 1: that has no upside, no benefit and a very small
• 59:50
  Speaker 1: interest group labbying for it. How can you do anything
• 59:56
  Speaker 1: worthwhile in the American government? How can you get anything
• 59:59
  Speaker 1: done through Congress or even through the executive It's just
• 1:00:05
  Speaker 1: a great illustration of how completely dysfunctional our government is.
• 1:00:13
  Speaker 1: All right, I want to show you a picture of
• 1:00:17
  Speaker 1: Spike Lee. Don't be offended. This is Spike Lee. Now
• 1:00:24
  Speaker 1: note what he's wearing. He's wearing a in a sense,
• 1:00:28
  Speaker 1: a should designed as a kafa to represent his sympathy
• 1:00:34
  Speaker 1: for the Palestinian cause. He's got a band with the
• 1:00:40
  Speaker 1: colors of Hamas on it and with you know, Palestinian
• 1:00:45
  Speaker 1: flags all across to carry his little what do you
• 1:00:50
  Speaker 1: call that man bag or whatever whatever they call that.
• 1:00:53
  Speaker 1: Here's another photo closer up their chikh. You know, whoops,
• 1:01:00
  Speaker 1: what did I do? I didn't mean to do that. No,
• 1:01:02
  Speaker 1: I didn't mean to do that. I didn't mean to
• 1:01:04
  Speaker 1: do that. There it is. You know, he's got a
• 1:01:08
  Speaker 1: big cross over this right something, you know, and he's
• 1:01:13
  Speaker 1: got that it looks like a very expensive warlicks watch there.
• 1:01:17
  Speaker 1: But yeah, no, this is this is how he showed
• 1:01:20
  Speaker 1: up to the All Star Game, the NBA All Star Game.
• 1:01:23
  Speaker 1: Now you might think he did this because there's a
• 1:01:27
  Speaker 1: Palestinian player playing in the All Star Game and he
• 1:01:30
  Speaker 1: came to show support. No, there is no Palestinian player.
• 1:01:37
  Speaker 1: He did this at the All Star Game because there
• 1:01:42
  Speaker 1: is an Israeli player, first time ever, an Israeli player,
• 1:01:46
  Speaker 1: I don't even know what team he plays for, playing
• 1:01:51
  Speaker 1: in the NBA, who got voted into the All Star
• 1:01:55
  Speaker 1: Game for the first time ever. And he's doing this
• 1:02:00
  Speaker 1: to protest the Israeli, to piss the Israeli off, to
• 1:02:06
  Speaker 1: get him off his game. He's doing this as a
• 1:02:10
  Speaker 1: slap in the face to a twenty something year old
• 1:02:13
  Speaker 1: who's you know, this is one of the most I'm
• 1:02:15
  Speaker 1: sure exciting things that's ever happened in his life. He's
• 1:02:18
  Speaker 1: playing in the NBA All Star Game as a young man,
• 1:02:23
  Speaker 1: the first Israeli ever. Of course, this is Raley. Like
• 1:02:28
  Speaker 1: all Israeli, he's probably served in the IDF and that
• 1:02:30
  Speaker 1: pisses Spike Lee off even more. I mean, this guy's
• 1:02:34
  Speaker 1: a bastard. He's an evil bastard. I mean, this is
• 1:02:39
  Speaker 1: just vicious. It's a vicious cause that he is advocating for,
• 1:02:43
  Speaker 1: and he's doing it in the most vicious of ways.
• 1:02:47
  Speaker 1: I regret now ever seeing any Spike Lee movies ever.
• 1:02:52
  Speaker 1: I just so one recently. I don't like them anyway.
• 1:02:55
  Speaker 1: I don't know why I go see any of them.
• 1:02:57
  Speaker 1: I'm not going to see any of his movies again.
• 1:02:59
  Speaker 1: This guy is a hater. He is a disgusting hater.
• 1:03:06
  Speaker 1: I want to have nothing to do with him. Nothing
• 1:03:09
  Speaker 1: needs to do with him, all right. That is it.
• 1:03:16
  Speaker 1: That is the news for today, February seventeenth, Tuesday. Thank
• 1:03:21
  Speaker 1: you for joining me for this for this news show.
• 1:03:26
  Speaker 1: Now we made the first hour goal, Thank you, guys.
• 1:03:29
  Speaker 1: And we did it, you know, thanks to a number
• 1:03:32
  Speaker 1: of the super chats, but also some stickers. Glenn, thank you.
• 1:03:36
  Speaker 1: Fifty dollars, Thank you, Glenn. Dave fifty dollars, Thank you, Dave.
• 1:03:40
  Speaker 1: Those are two stickers at fifty dollars. And then John
• 1:03:43
  Speaker 1: had a sticker and Mary Eileen had a sticker in
• 1:03:47
  Speaker 1: Nature Nature Observer had a sticker. Let's see who else
• 1:03:54
  Speaker 1: exit and Jonathan Honing. Thank you guys, really really appreciated.
• 1:04:00
  Speaker 1: Thank you for the support. This is great. We're still
• 1:04:04
  Speaker 1: about two hundred short for the second hour. We are
• 1:04:07
  Speaker 1: entering the second hour and now so there's still room.
• 1:04:11
  Speaker 1: There are not a lot of questions and almost none
• 1:04:13
  Speaker 1: at the twenty dollars level, so please consider doing some
• 1:04:16
  Speaker 1: twenty dollars questions would be great and we could chip
• 1:04:18
  Speaker 1: away at that goal. That would be fantastic. We've got
• 1:04:21
  Speaker 1: monthly goals to achieve, so getting to that five hundred
• 1:04:25
  Speaker 1: dollars is important, all right, our sponsors. Oh, I want
• 1:04:30
  Speaker 1: to remind you I will be in London February twenty eighth.
• 1:04:34
  Speaker 1: You know, not getting a lot of registrations, so if
• 1:04:37
  Speaker 1: you want to come, and if they're no registrations, then
• 1:04:40
  Speaker 1: if there are few registrations are canceled the event. But
• 1:04:43
  Speaker 1: if you'd like to hang out for four hours talking
• 1:04:45
  Speaker 1: about capitalism, it's three hundred pounds. I think it's see
• 1:04:49
  Speaker 1: twenty five because event body takes a fee, so I
• 1:04:52
  Speaker 1: think it's three hundred and twenty five dollars pounds to
• 1:04:55
  Speaker 1: attend the seminar, four hours plus dinner afterwards to hang out,
• 1:05:01
  Speaker 1: and it'll be in central London and small group, so
• 1:05:05
  Speaker 1: you get plenty of time for back and forth, plenty
• 1:05:07
  Speaker 1: of Q and a plenty of time to hang out.
• 1:05:10
  Speaker 1: I hope you can come if you are in London
• 1:05:12
  Speaker 1: or if you're in New k if they're in Europe
• 1:05:14
  Speaker 1: and like to attend, please sign up now so I
• 1:05:18
  Speaker 1: know whether I'm doing it and you know what size
• 1:05:22
  Speaker 1: room I should rent. You can go to your on
• 1:05:25
  Speaker 1: bookshow dot com your on bookshow dot com, scroll down
• 1:05:29
  Speaker 1: to the kind of calendar of events the list of events,
• 1:05:33
  Speaker 1: go to the one fab twentyth click on tickets and
• 1:05:36
  Speaker 1: go there and read about the event and then decide
• 1:05:37
  Speaker 1: if you want to attend. But I think we'll have
• 1:05:41
  Speaker 1: a good time and it'd be great to see you
• 1:05:43
  Speaker 1: and great for you to be there, So please if
• 1:05:46
  Speaker 1: you're planning on coming and you waiting the last minute
• 1:05:49
  Speaker 1: to sign up, please don't. We will be raising prices
• 1:05:53
  Speaker 1: on Sunday, so make sure to register for Sunday and
• 1:05:58
  Speaker 1: ideally today or tomorrow so I start having accounts because
• 1:06:03
  Speaker 1: you know, I'm worried that everybody will sign up at
• 1:06:04
  Speaker 1: the last minute, but I might cancel it before that,
• 1:06:08
  Speaker 1: so we'll all miss out anyway. Ironman Instute has a
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  Speaker 1: confidence in Porto, Portugal on April eighteenth. These conferences are
• 1:06:21
  Speaker 1: really a lot of fun if you've attended one in
• 1:06:23
  Speaker 1: the past. If not, you can talk to people who have.
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  Speaker 1: You should try to come it's a lot of fun.
• 1:06:30
  Speaker 1: It's small, it's more intimate than OCONN, and you get
• 1:06:34
  Speaker 1: a lot of time with the speakers and with the
• 1:06:35
  Speaker 1: students that are there. A lot of students in scholarship
• 1:06:38
  Speaker 1: are going to be there. You can also, if you're
• 1:06:40
  Speaker 1: young under thirty four apply for a scholarships I start here.
• 1:06:46
  Speaker 1: If you're not young, you can get a discount. Twenty
• 1:06:50
  Speaker 1: six YBS ten is the discount code. Alex Epstein is
• 1:06:54
  Speaker 1: also a sponsor of this show. Alex is the world
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  Speaker 1: expert on all things energy and a lot of things
• 1:07:00
  Speaker 1: happening on the Energy fund from the vast growing need
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  Speaker 1: for energy that the United States States and really the
• 1:07:07
  Speaker 1: world is experiencing because of the AI boom, but also
• 1:07:11
  Speaker 1: the deregulation that's happening by the Trumpet administration. It's just
• 1:07:14
  Speaker 1: a lot of action, a lot of staff stuff going
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  Speaker 1: on when it comes to energy. You can follow along
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  Speaker 1: all of the developments by following Alex alex Epstein dot com,
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• 1:07:33
  Speaker 1: a big capital gains tax bill sometime in your future,
• 1:07:36
  Speaker 1: maybe it's a yeah, maybe two years, maybe five years
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  Speaker 1: in the future. You can work with hand a Shot
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  Speaker 1: on planning for that and basically working to eliminate the
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  Speaker 1: tax bill or to reduce it dramatically or to defer
• 1:07:48
  Speaker 1: it indefinitely. And so check it out. You can check
• 1:07:52
  Speaker 1: out my interview with Robert Hendershot at on the playlists
• 1:07:58
  Speaker 1: in the four Sponsors Robert Hendershot Interview. You'll enjoy it.
• 1:08:05
  Speaker 1: And you can also check out the website Handershot Wealth
• 1:08:08
  Speaker 1: dot com slash slash ybs. Finally, Defenders of Capitalism is
• 1:08:15
  Speaker 1: a website for a program of lectures and seminars and
• 1:08:21
  Speaker 1: defending capitalism from an economic, political, and a philosophical perspective
• 1:08:27
  Speaker 1: moral perspective. You should check it out. Michael Williams does
• 1:08:31
  Speaker 1: a phenomenal job creating it setting it up, and I've
• 1:08:34
  Speaker 1: worked with him for years on this program, particularly the
• 1:08:37
  Speaker 1: leadership program in the Rockies. So check it out, all right,
• 1:08:41
  Speaker 1: and everybody out there, please consider becoming a Patreon supporter.
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  Speaker 1: you know, consider doing that. At twenty five dollars or more,
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  Speaker 1: you get to participate in the in the what do
• 1:09:26
  Speaker 1: you call it, the AMA on the panel with Ama.
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  Speaker 1: At two hundred and fifty dollars you get a one
• 1:09:32
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• 1:09:34
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• 1:09:37
  Speaker 1: So you know, it'd be great if I could get
• 1:09:40
  Speaker 1: If I could just get a few people at the
• 1:09:42
  Speaker 1: five hundred dollars level, that would take a lot of
• 1:09:45
  Speaker 1: the monetivey financial stress off of this show. So thank
• 1:09:49
  Speaker 1: you for considering that. All right, Phone fix Up, thank
• 1:09:54
  Speaker 1: you one hundred dollars. Really really appreciate that. That is
• 1:09:57
  Speaker 1: incredibly generous. Thank you keep up the good work. Value
• 1:10:01
  Speaker 1: for value, Thank you, Phone Fixer. I really appreciate it.
• 1:10:05
  Speaker 1: Jack says, I have been going back through all of
• 1:10:09
  Speaker 1: your Rules of Life shows. Thank you for the guidance
• 1:10:13
  Speaker 1: for living on this earth. I certainly appreciate it. Well, wow,
• 1:10:16
  Speaker 1: thank you. I'm so happy that people keep going back
• 1:10:19
  Speaker 1: to those. I'm happy that people are discovering those. I
• 1:10:24
  Speaker 1: probably should do more of them, but I feel like
• 1:10:26
  Speaker 1: when I do more, I'm repeating myself. And they're all
• 1:10:28
  Speaker 1: available right there, and they were pretty good the first time.
• 1:10:33
  Speaker 1: I'll consider doing more of those or more nut style,
• 1:10:36
  Speaker 1: but I'm glad. I'm glad the shows are having a
• 1:10:39
  Speaker 1: life beyond kind of the life and the few days
• 1:10:43
  Speaker 1: or weeks after I take them live. So you can
• 1:10:47
  Speaker 1: check it out the playlists of all of them. I
• 1:10:50
  Speaker 1: think you can also through Patreon get a playlist with
• 1:10:53
  Speaker 1: no commercials as a podcast. I think at a certain level.
• 1:10:57
  Speaker 1: I can't remember which level of donation you can do that,
• 1:10:59
  Speaker 1: so check that out as well. Another reason to go
• 1:11:00
  Speaker 1: to Patreon. But yeah, thank you, Jack, and I'm really
• 1:11:05
  Speaker 1: really glad that you're enjoying those. Michael. The US is
• 1:11:10
  Speaker 1: adding one thousand new millionaires a day thanks to the
• 1:11:13
  Speaker 1: stock market, yep, yep. I hope we don't reach a
• 1:11:17
  Speaker 1: point soon where we're destroying a thousand new millionaires a
• 1:11:20
  Speaker 1: day because of the stock market. So you know, this
• 1:11:25
  Speaker 1: can go, this can go very very much in both directions,
• 1:11:30
  Speaker 1: and very quickly. So let's hope this bull market continues.
• 1:11:35
  Speaker 1: It can't continue forever. At some point there'll be a correction.
• 1:11:39
  Speaker 1: But the longer it continues, the more I benefit. My
• 1:11:42
  Speaker 1: money's all in there, not just in the US market,
• 1:11:46
  Speaker 1: but in stocks broadly. Michael says, too many small minded,
• 1:11:52
  Speaker 1: hateful people in this world. Yes, or another way to
• 1:11:55
  Speaker 1: say it is too many unthinkers in this world, too
• 1:12:00
  Speaker 1: many preconceptual or perceptual level thinkers in this world, because
• 1:12:08
  Speaker 1: that's where they small minded and hateful comes from. Mike
• 1:12:13
  Speaker 1: Gossa says, the demonization of immigrants today must be largely
• 1:12:17
  Speaker 1: similar to demonation of Jews in Germany. People just want
• 1:12:21
  Speaker 1: something to hate. Yeah, it's also similar to the demonization
• 1:12:24
  Speaker 1: of immigrants in the early part of the twentieth century
• 1:12:28
  Speaker 1: leading up to basically the massive restriction and immigration in
• 1:12:34
  Speaker 1: nineteen twenty four. I mean, if you look at the
• 1:12:36
  Speaker 1: cartoons then, and if you look at the rhetoric then
• 1:12:40
  Speaker 1: very similar today. It just replaced Nicaraguans or Haitians with
• 1:12:47
  Speaker 1: Italians and Irish and you get the same mentality. So
• 1:12:52
  Speaker 1: this is a recurring theme sadly through history. They've been
• 1:12:56
  Speaker 1: very few errors in human history where people are being
• 1:13:00
  Speaker 1: embracing and welcoming to foreigners, to people who are different
• 1:13:06
  Speaker 1: than themselves. Simon, have you seen the new Palestinian Constitution.
• 1:13:16
  Speaker 1: I briefly saw something, and it was co authored, but
• 1:13:20
  Speaker 1: it was like helped along by the French. Macron send
• 1:13:25
  Speaker 1: a delegation that helped them with the constitution. It's supposed
• 1:13:28
  Speaker 1: to be a real monstrosity and doesn't mention Israel once,
• 1:13:35
  Speaker 1: which is interesting, right because the whole thing is a
• 1:13:37
  Speaker 1: two state solution, but this constitution doesn't recognize a second state.
• 1:13:44
  Speaker 1: It recognized only a Palestinian state. And the French went
• 1:13:47
  Speaker 1: along with this, which is I guess not surprising. They
• 1:13:49
  Speaker 1: left to stab you in the back whenever they can.
• 1:13:57
  Speaker 1: Roman Morocco moving on a solution and similar to the
• 1:14:00
  Speaker 1: Iraqi Kurdish areas with the Sawaris in western Sahara. Very
• 1:14:06
  Speaker 1: good news. The conflict might end. Yeah, I mean that
• 1:14:09
  Speaker 1: would be good news for the people of Morocco that conflict,
• 1:14:12
  Speaker 1: as stupid as most of these conflicts are, a resolution
• 1:14:16
  Speaker 1: that allows these people some autonomy while you know, makes sense,
• 1:14:22
  Speaker 1: I guess, in particularly in a very tribalistic part of
• 1:14:26
  Speaker 1: the world. Ideally, you would need autonomy, there would be
• 1:14:29
  Speaker 1: no tribalism. That's not the world in which we live.
• 1:14:33
  Speaker 1: Roman Reza pa Lavi explicitly mentioned the protection of individual
• 1:14:38
  Speaker 1: rights as one of the four pillars of his transition
• 1:14:40
  Speaker 1: period in an interview. That's great. I mean, he seems
• 1:14:44
  Speaker 1: like a good guy. I hope he is, and I
• 1:14:46
  Speaker 1: hope the Trump administration uses him if you will, you know,
• 1:14:53
  Speaker 1: emboldens him to lead the opposition once they destroy the
• 1:15:00
  Speaker 1: country regime. Let's hope all of that happens, because he
• 1:15:02
  Speaker 1: seems like a good guy. There was an objectivist years
• 1:15:05
  Speaker 1: ago who passed away a while ago, but who worked
• 1:15:09
  Speaker 1: with Rezapol and introduced him to Ian Rand's work and
• 1:15:13
  Speaker 1: introduced him to the concept of individual rights. So for
• 1:15:17
  Speaker 1: those of you who remember Sydney Gunst, I think Sydney Sidney.
• 1:15:22
  Speaker 1: It's sad that he's not alive to see this. But
• 1:15:25
  Speaker 1: Sidney worked with Reza and they might be significant, significant
• 1:15:31
  Speaker 1: objectivist influences on Paula VI. And suddenly, I don't think
• 1:15:36
  Speaker 1: the individual rights comes from nowhere. I think it comes
• 1:15:39
  Speaker 1: from material and work that Sidney did with him, maybe
• 1:15:45
  Speaker 1: ten to fifteen years ago. You never know how our
• 1:15:52
  Speaker 1: work filters out there and touches and impacts world events.
• 1:15:58
  Speaker 1: It really hard to tell. Roman says, what do you
• 1:16:01
  Speaker 1: think of regions seceeding declaring independence from nation states? Should
• 1:16:05
  Speaker 1: Catalonia be an independent country? Now? No, no, you know,
• 1:16:10
  Speaker 1: I'm generally against secession. The only reason to secede. The
• 1:16:15
  Speaker 1: only reason to secede is to establish a more free country,
• 1:16:20
  Speaker 1: a significantly freer country. But almost nobody wants to succeed
• 1:16:24
  Speaker 1: to do that. That was the reason the American Revolution
• 1:16:27
  Speaker 1: was justified. It was a secession in order to establish
• 1:16:31
  Speaker 1: something better, something freer. The Catalonians don't want us succeed
• 1:16:37
  Speaker 1: to make something better. They want to succeede because the
• 1:16:40
  Speaker 1: Catalonians and the other people of Spanish for purely tribalistic reasons,
• 1:16:45
  Speaker 1: and for the most part the Catalonians are probably more
• 1:16:51
  Speaker 1: leftists and more socialists than the reds of the Spanians,
• 1:16:55
  Speaker 1: say'd make things worse. So no, there is no reason
• 1:17:01
  Speaker 1: to secede, except no justification for secession, except in the
• 1:17:07
  Speaker 1: same goes to the South in the Civil War, except
• 1:17:11
  Speaker 1: to make a society that is freer, and that wasn't
• 1:17:15
  Speaker 1: true of the South. It's not thure the Catalinians or
• 1:17:17
  Speaker 1: the Basco any of the splitting up Italy into two,
• 1:17:23
  Speaker 1: or California seceeding or Texas succeeding. In none of these
• 1:17:27
  Speaker 1: cases are you introducing something that's more free as a consequence.
• 1:17:36
  Speaker 1: Molten splendor, Thank you fifty dollars question, thank you appreciate
• 1:17:39
  Speaker 1: it a lot. In Spike Lee's movie Do the Right Thing,
• 1:17:44
  Speaker 1: Spike notes that they exclusively white people, that exclusively white
• 1:17:48
  Speaker 1: people ask him if MOOKI did the right thing by
• 1:17:52
  Speaker 1: throwing the trash cash on through the window after the
• 1:17:56
  Speaker 1: police killed Radio Raheem. Black people don't ever ask him that. Why,
• 1:18:05
  Speaker 1: you know, I think because they take for granted that
• 1:18:11
  Speaker 1: the pain and the injustice and the horror of it
• 1:18:15
  Speaker 1: justifies throwing it, Whereas I think white people who have
• 1:18:20
  Speaker 1: not experienced that, who don't know the depths of the
• 1:18:23
  Speaker 1: frustration and suffering, and look, I think there is something
• 1:18:29
  Speaker 1: to this, right, There is something to the fact that
• 1:18:32
  Speaker 1: historically at least blacks are being treated really, really badly,
• 1:18:37
  Speaker 1: even in New York City, and that justice doesn't always
• 1:18:42
  Speaker 1: apply to them, and discrimination and racism do exist, and
• 1:18:46
  Speaker 1: that that I don't think white people appreciate the extent
• 1:18:51
  Speaker 1: of that and therefore the extent of the rage and
• 1:18:54
  Speaker 1: anger that will justify somebody throwing the can through the window.
• 1:18:58
  Speaker 1: So that would be my explanation for it. But look,
• 1:19:02
  Speaker 1: Spike Lee is in many respects has gone from being
• 1:19:09
  Speaker 1: against discrimination to being pro racist. Uh, you know, pro
• 1:19:17
  Speaker 1: racist woke identity politics. So he's become more and more
• 1:19:22
  Speaker 1: of a racist over the years. He's become more and
• 1:19:25
  Speaker 1: more of a supporter of woke intersectionality, all the bad
• 1:19:29
  Speaker 1: philosophies and ideas on the left. And you can see
• 1:19:32
  Speaker 1: that as part of all that, as part of the intersectionality,
• 1:19:36
  Speaker 1: as part of the postcolonialism. Whatever he in racism, he
• 1:19:40
  Speaker 1: is now pro Palestinian, which all goes together nicely. It
• 1:19:44
  Speaker 1: all fits perfectly. Thank you, Wilton Splendor. Really appreciate it,
• 1:19:51
  Speaker 1: Jacob says, yes, Yo, yesterday analysis of Rubio aoc Musk
• 1:19:57
  Speaker 1: was amazing. Can't wait for your Western's Vialization book. Thank you, Jacob,
• 1:20:01
  Speaker 1: really really appreciated. And yeah, I'm looking forward to the
• 1:20:04
  Speaker 1: book as well. You know, hope we find a publisher,
• 1:20:07
  Speaker 1: and I hope, I hope we get it out there. Uh,
• 1:20:10
  Speaker 1: sometime either late this year or early next year. We
• 1:20:14
  Speaker 1: will see the ocean, says would love to hear from Dugan.
• 1:20:20
  Speaker 1: And how individualism and racism go together, Well, he's rejecting both.
• 1:20:29
  Speaker 1: I don't think he necessarily thinks they're the same thing,
• 1:20:32
  Speaker 1: although he might. He Remember, he's a postmodernist. Don't expect
• 1:20:37
  Speaker 1: logic from from Dugan. He's a mystic and a postmodernist.
• 1:20:41
  Speaker 1: That's quite a that's quite an unlogical combination. But uh,
• 1:20:48
  Speaker 1: but yeah, he's rejecting individualism. He's also rejecting racism. He
• 1:20:51
  Speaker 1: wants assault to you United as Christians and as you
• 1:20:56
  Speaker 1: know nation States. Uh, with Russia dominate Europe and Asia
• 1:21:02
  Speaker 1: and the United States dominating the Americas. That's how I
• 1:21:05
  Speaker 1: think he sees the world Roman. How fascist is the
• 1:21:09
  Speaker 1: c POC and the KISHI, Well, I mean fascism is
• 1:21:13
  Speaker 1: the control of the economy while allowing people to pretend
• 1:21:17
  Speaker 1: that they have property rights, but controlling it through regulations
• 1:21:20
  Speaker 1: and various ways of controls. Then it's very fascist. It's
• 1:21:25
  Speaker 1: more and more. It's clearly much more fascist than socialist
• 1:21:30
  Speaker 1: because the CCP does not own the means of production,
• 1:21:33
  Speaker 1: not a big chunks of the economy. It owns some
• 1:21:36
  Speaker 1: means of production, but it doesn't own most of the
• 1:21:39
  Speaker 1: means of production and allows for at least pseudo private property.
• 1:21:46
  Speaker 1: Roman China waived all tariffs with African countries. What has
• 1:21:50
  Speaker 1: to happen for the rest of the world to stop
• 1:21:52
  Speaker 1: ignoring this resource rich and populist region. Well, they they
• 1:21:56
  Speaker 1: have to become egoistic, to become selfish. I mean, dropping
• 1:22:03
  Speaker 1: twists to zero is the selfish thing to do, the
• 1:22:06
  Speaker 1: selfie interested thing to do. The problem is that if
• 1:22:10
  Speaker 1: Europe dropped twists with Africa to zero, then Europe would
• 1:22:13
  Speaker 1: be flooded with food. Interestingly, if it dropped twists to
• 1:22:17
  Speaker 1: zero with Africa, fewer Africans would come to Europe. They'd
• 1:22:22
  Speaker 1: be less of an illegal immigration problem because Africa would
• 1:22:25
  Speaker 1: become wealthier because it can then produce. It could put
• 1:22:29
  Speaker 1: these people to work in producing and creating stuff for
• 1:22:33
  Speaker 1: the Europeans to consume. And right now they could produce
• 1:22:37
  Speaker 1: a lot of food. But farmers in Europe would go nuts,
• 1:22:42
  Speaker 1: they'd freak out and many of them would go out
• 1:22:44
  Speaker 1: of business. But the reality is that European land Andean people,
• 1:22:52
  Speaker 1: the human capital is wasted on agriculture. They should be
• 1:22:55
  Speaker 1: doing high value things, so and Africa should be doing
• 1:23:00
  Speaker 1: relatively low value thing, which is food production. So what
• 1:23:04
  Speaker 1: it would take was people realizing that the self interest
• 1:23:07
  Speaker 1: cheap of food lies in dropping tariffs the oceanist. When
• 1:23:15
  Speaker 1: prices go up, they'll just blame corporate greed again. Yeah,
• 1:23:20
  Speaker 1: and Trump has and Elizabeth Warren has so in that sense,
• 1:23:24
  Speaker 1: Dugan is right the left and the right of United
• 1:23:27
  Speaker 1: Against Capitalism hop A Campbell. If things get really bad,
• 1:23:34
  Speaker 1: couldn't official YB A show anti ice rally be organized?
• 1:23:39
  Speaker 1: And what would the rally do? How many people show up?
• 1:23:45
  Speaker 1: What would the rally do? I mean, they got really bad,
• 1:23:49
  Speaker 1: What benefit would the rally provide to the world. I
• 1:23:52
  Speaker 1: don't get it. I don't understand it. I mean it
• 1:23:55
  Speaker 1: might provide the people in the rally with some you know,
• 1:23:58
  Speaker 1: we did something actually doing the world nothing nobody, nobody
• 1:24:02
  Speaker 1: would pay attention and and you know it wouldn't be
• 1:24:07
  Speaker 1: big enough. And and I don't think rallies, I mean
• 1:24:11
  Speaker 1: unless unless they're massive, like in Minneapolis where they really
• 1:24:15
  Speaker 1: confronted the ice and they were every day and they
• 1:24:17
  Speaker 1: were big and there were everything. Just one off rallies
• 1:24:21
  Speaker 1: don't do anything in my view. Okay, last question, Roman says,
• 1:24:27
  Speaker 1: if it seems Melay forced the Inflation Statistics Office to
• 1:24:32
  Speaker 1: remain with an outdated methodology to keep the official number down,
• 1:24:38
  Speaker 1: the statistician quit, I don't know. I left to check
• 1:24:44
  Speaker 1: it out. I have to check it out. Unfortunately, Melay
• 1:24:47
  Speaker 1: does stuff that are things that are trumpest once in
• 1:24:51
  Speaker 1: a while, unfortunately. But uh so it's possible, but I
• 1:24:56
  Speaker 1: left to check it out. Thank you. All right, guys,
• 1:25:01
  Speaker 1: thank you. I appreciate the support, thanks to all the
• 1:25:03
  Speaker 1: super chatters. I will see you tomorrow. Tomorrow the show
• 1:25:08
  Speaker 1: will be I have to pick up my wife at
• 1:25:09
  Speaker 1: the airport, so tomorrow's show will be later than usual.
• 1:25:13
  Speaker 1: It'll be I think it'll be six pm East Coast time.
• 1:25:19
  Speaker 1: That is my expectation right now, six pm East Coast time.
• 1:25:23
  Speaker 1: So I will see you. I will see you then
• 1:25:26
  Speaker 1: look forward to bye. Everybody, have a great rest of
• 1:25:30
  Speaker 1: your week.