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Israel Strikes Qatar; Jobs in Crisis; Murdoch's Exit; US Military Decline | Yaron Brook Show · Yaron Brook Show

• 0:04
  Speaker 1: Fundamental principles I've readom rational, self interest, and individual ones.
• 0:14
  Speaker 2: This is the ran Brook Show.
• 0:20
  Speaker 1: Oh right, everybody walk up to your own book.
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  Speaker 2: Show on this What is it?
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  Speaker 1: It's Tuesday, It's Seplember ninth. Thanks for joining me. I
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  Speaker 1: hope everybody's having a good week so far. Alright? What
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  Speaker 1: am I missing here? Oh? Yeah, I got a press start.
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  Speaker 1: All right, there we go.
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  Speaker 2: That's better.
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  Speaker 1: All right, So very echoy today we echo you right now,
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  Speaker 1: I mean echoe during the music, Echo you with me
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  Speaker 1: speaking echo echo eqoi. I don't know it was echoe
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  Speaker 1: early on because there were some issues, but hopefully those
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  Speaker 1: will be resolved. Yes now, echo y now. I don't
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  Speaker 1: know now Uh all right, So.
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  Speaker 2: Is the sound reasonable? Unreasonable? Impossible? Uh?
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  Speaker 1: Not real? Bad? You sound like you're in a small
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  Speaker 1: tiled room. That's not good. It's the same room I've
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  Speaker 1: been in every day, Like you're in a bathroom.
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  Speaker 2: All right.
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  Speaker 3: It's the same room I've always been in and nothing
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  Speaker 3: has changed, nothing is different.
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  Speaker 1: It is what it is.
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  Speaker 3: I'm trying to see. I'm speaking through the right microphone.
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  Speaker 1: We're going through, yes, the right mic Everything is everything
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  Speaker 1: is the right bathroom acoustics we'll body gone to water.
• 2:08
  Speaker 1: All right, what do I do about this? Let's see,
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  Speaker 1: I can.
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  Speaker 3: Let me just see if I can play with with
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  Speaker 3: any of the audio settings here. Nothing allows it to
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  Speaker 3: get any better there apollo plate reverb to my eyes,
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  Speaker 3: What the hell is that it's doable? We can listen
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  Speaker 3: better than six feet under. But at least we have you,
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  Speaker 3: So let's go.
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  Speaker 1: All right, anyway, let's let's just let's just go. I
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  Speaker 1: don't know that I can change the acoustics of the
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  Speaker 1: room right now, and I don't have a mixer to
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  Speaker 1: adapt a sound. It is curious that it's exactly a
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  Speaker 1: thing set up as every day, and yet here we are,
• 2:56
  Speaker 1: so is weel It continues.
• 3:00
  Speaker 2: It's the surprise, I guess.
• 3:01
  Speaker 1: This government continues to surprise its willingness to do bold
• 3:05
  Speaker 1: and bold and couragious actions. This one in particular, not
• 3:14
  Speaker 1: so much a big surprise in terms of capabilities, but
• 3:20
  Speaker 1: a big surprise in terms of willingness to do it.
• 3:23
  Speaker 1: So is all today bombed the Hamas a gathering of
• 3:26
  Speaker 1: the Hamas leadership in Qatar, And basically this was the
• 3:32
  Speaker 1: entire leadership of Haramas, including the people engaged the leadership
• 3:38
  Speaker 1: of Hamas engaged in negotiating with Israel and with the
• 3:41
  Speaker 1: United States with the mediation of Katal over the ceasefire,
• 3:46
  Speaker 1: and Israel bombed the assembly with the hope of killing
• 3:50
  Speaker 1: the entire leadership of Ramas. And what's bold and I
• 3:56
  Speaker 1: think ambitious and brave about is the visual had to know.
• 4:02
  Speaker 2: That nobody would support it in doing so.
• 4:05
  Speaker 1: That is, kataw Is pretends and plays the game, and
• 4:10
  Speaker 1: everybody plays with Katara the game that Katar is an
• 4:13
  Speaker 1: ally and the ally of the United States and the
• 4:15
  Speaker 1: ally of the West. Remember, the United States has its
• 4:18
  Speaker 1: largest military base in the Middle East, the largest air
• 4:22
  Speaker 1: field in the Middle East, in Qatar. When Iran was
• 4:26
  Speaker 1: retaliating against the bombing of the nucletive facilities, they targeted
• 4:30
  Speaker 1: the air based American Air base in Qatar. So Qatar
• 4:34
  Speaker 1: is a friend of the US. That is how the
• 4:36
  Speaker 1: US sees it. That's how the US presents it to
• 4:39
  Speaker 1: the world. That's how Kataba sees it, how Katara presents
• 4:42
  Speaker 1: it to the world at least, and Katara is also
• 4:48
  Speaker 1: part of the Gulf States. It has a rocky relationship
• 4:53
  Speaker 1: with Saudi Arabia and with the United alabem Merates, but overall,
• 4:59
  Speaker 1: it is part of that community, it is part of
• 5:01
  Speaker 1: that world. So Israel had to know that by doing
• 5:04
  Speaker 1: this they would be condemned by everybody.
• 5:06
  Speaker 2: Indeed, as we will see, they have.
• 5:09
  Speaker 1: Been condemned by everybody. In addition, this is the team
• 5:15
  Speaker 1: that they're negotiating with, and yet that were they to
• 5:17
  Speaker 1: kill them, that suggests that Israel no longer cares about
• 5:22
  Speaker 1: the negotiation now that in and of itself is a
• 5:25
  Speaker 1: bold statement given two years now of Israel negotiating with
• 5:31
  Speaker 1: Hamas in Qatar. I mean, indeed, the head of the
• 5:35
  Speaker 1: Israeli Mossad and the head of the Israeli Shinbad, the
• 5:38
  Speaker 1: toil of security of Israel, have traveled to Qatar and
• 5:44
  Speaker 1: negotiated their wid cough is often in negotiating, and Israel
• 5:48
  Speaker 1: has been committed to negotiating for the last two years.
• 5:51
  Speaker 1: And yet this strike clearly sends the indication that, okay,
• 5:54
  Speaker 1: negotiations are over.
• 5:56
  Speaker 2: This is it, and you all will pay.
• 6:00
  Speaker 1: The The immediate justification for this attack that was given
• 6:07
  Speaker 1: was the terrorist attack yesterday in Jerusalem where a gun,
• 6:12
  Speaker 1: you know, a couple of terrorists just shut up a
• 6:14
  Speaker 1: bus killing killing I think it was six Israelis and
• 6:20
  Speaker 1: injuring many others, which Ramas took credit for. So Hamas
• 6:25
  Speaker 1: took credit for the attack, and as All said, Okay,
• 6:29
  Speaker 1: if you're gonna take credit for it, you're gonna pay
• 6:30
  Speaker 1: for it. And uh this was in retaliation, uh for
• 6:35
  Speaker 1: for that, so Hamas to credit for it. They praised it.
• 6:42
  Speaker 1: They they called it heroic and uh add all that
• 6:46
  Speaker 1: up is well had to respond and they were you know,
• 6:49
  Speaker 1: and this was the response. But again a response that
• 6:52
  Speaker 1: they knew would be incredibly unpopular and probably felling unpopular
• 6:56
  Speaker 1: within Israel itself, given that we're talking about negotiating for
• 7:01
  Speaker 1: the hostages, and given that people believe now that the
• 7:06
  Speaker 1: hostages are more danger now than they if I have been,
• 7:09
  Speaker 1: and many of them might be killed as a response
• 7:11
  Speaker 1: of this attack anyway, So that is that is you know,
• 7:19
  Speaker 1: the kind of the background of this attack. While the
• 7:23
  Speaker 1: attack was going on, so it was involved ten Israeli
• 7:29
  Speaker 1: aircraft my guess is F thirty five's and which flew
• 7:34
  Speaker 1: over Syria and into Iraq and launched an attack I
• 7:38
  Speaker 1: believe from southern Iraqi airspace. They had refueling both on
• 7:43
  Speaker 1: the way they run on the way back. These are
• 7:45
  Speaker 1: very vast distances. In Israel is not flying direct because
• 7:49
  Speaker 1: it is avoiding Jordanian airspace, and it is avoiding Saudi
• 7:53
  Speaker 1: airspace so as not to antagonize the Jordanians in the Saudis.
• 7:58
  Speaker 2: So it's flying.
• 7:59
  Speaker 1: Around through Syria and then down through Iraq in order
• 8:03
  Speaker 1: to get to the Gulf. So it had to refuel
• 8:07
  Speaker 1: their planes on the way there, and I understand on
• 8:09
  Speaker 1: the way back as well, when their planes were starting
• 8:15
  Speaker 1: to cross Syria and so on, American radars detected them.
• 8:19
  Speaker 2: Satellites detected Israeli movement.
• 8:23
  Speaker 1: American command immediately contacted Israeli command and asked what the
• 8:26
  Speaker 1: hell was going on?
• 8:28
  Speaker 2: What was this deal about?
• 8:30
  Speaker 1: I guess the Israelis told the Americans that they were
• 8:36
  Speaker 1: on their way to attack Qatara, to attack the Hamas
• 8:39
  Speaker 1: meeting in Katara. The American forces let the Trump administration
• 8:45
  Speaker 1: know that this was happening. From what I understand, Trump
• 8:49
  Speaker 1: called WHITCOF and told WHITKOF to let the Kataris know
• 8:53
  Speaker 1: that this was happening. At least this is the official story, right,
• 8:59
  Speaker 1: but I believe it. I don't think Trump would have
• 9:02
  Speaker 1: ever agreed to this. I mean Trump, Trump is friendly
• 9:06
  Speaker 1: with the Qataris. He's his buddies with them. He likes
• 9:11
  Speaker 1: to you know. Anyway, I do not think that Trump
• 9:16
  Speaker 1: would have authorized this this strike if he had known
• 9:20
  Speaker 1: about it in advance. And indeed it sounds like they
• 9:24
  Speaker 1: told the Kataris about it. Now the question really is
• 9:26
  Speaker 1: going to be did they let the Qataris know before
• 9:32
  Speaker 1: so that the Qutaris could warn Ramas or did some
• 9:35
  Speaker 1: news report saying they only let them know once the
• 9:39
  Speaker 1: missiles were in the air.
• 9:41
  Speaker 2: I don't know.
• 9:42
  Speaker 1: But the reality is this that in spite of the
• 9:44
  Speaker 1: fact that at this building the entire Kama's leadership was meeting,
• 9:48
  Speaker 1: all of them. I mean, we've got we've got the
• 9:52
  Speaker 1: We've got Khalil al Haya, who is who is their
• 9:55
  Speaker 1: leader of Ramas, but also included Muhammad da Wish, Musa Musak, Mussam,
• 10:04
  Speaker 1: Badana Nuna. These are basically the entire remaining leadership Ramas,
• 10:09
  Speaker 1: the ones that are still alive, including those who flew
• 10:12
  Speaker 1: in to Katara from.
• 10:14
  Speaker 2: Turkey, right. And the idea was that they were there to.
• 10:19
  Speaker 1: Discuss uh the ceasefire agreement, the last one that were
• 10:23
  Speaker 1: submitted by Witkov. The reality is that it appears that
• 10:31
  Speaker 1: all the senior all the senior Ramas leaders survived the attack,
• 10:36
  Speaker 1: in spite of the fact that the building, the entire
• 10:39
  Speaker 1: first floor is devastated. The entire inside of the building
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  Speaker 1: looks like it is completely devastated.
• 10:47
  Speaker 2: So one wonder is how they survived.
• 10:49
  Speaker 1: It, right? And I don't know, and we don't know.
• 10:53
  Speaker 1: I don't know that anybody knows except the people actually
• 10:55
  Speaker 1: do know. Did the US let them know in advance
• 11:00
  Speaker 1: so as shield them from it. Five Haramas operatives did
• 11:05
  Speaker 1: die in the attack, including the son of Ramas's leader
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  Speaker 1: and some other prominent people within Hamas, but none of
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  Speaker 1: the senior leadership actually.
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  Speaker 2: Died in this attack, So how to tell?
• 11:20
  Speaker 1: At least again, these these are the reports that are
• 11:22
  Speaker 1: coming out of Katau, and Haramas is usually pretty good
• 11:25
  Speaker 1: about admitting when the people are killed, particularly in an
• 11:31
  Speaker 1: open place like Katawe, can be checked. So it looks
• 11:34
  Speaker 1: like the attack failed to kill the Ramas leadership in
• 11:39
  Speaker 1: spite of the fact that it was should have been
• 11:41
  Speaker 1: a surprise, and they were all in this building, and
• 11:45
  Speaker 1: this building was indeed struck, and you can see photos
• 11:48
  Speaker 1: of it with the entire inside of it destroyed. So again,
• 11:57
  Speaker 1: I don't know. I don't know whether the who let
• 12:02
  Speaker 1: them know, if this was announced in advance and just
• 12:06
  Speaker 1: the bombs didn't, you know, didn't do the job. It
• 12:09
  Speaker 1: could be that they weren't on that floor, they weren't
• 12:11
  Speaker 1: in that building, they weren't in that room. It could
• 12:14
  Speaker 1: be that that it just it just wasn't enough that
• 12:17
  Speaker 1: Israel needed to launch more bombs in order to destroy.
• 12:19
  Speaker 2: The building completely.
• 12:20
  Speaker 1: The building is not collapsed, the building is not completely destroyed.
• 12:23
  Speaker 1: So it's possibly that it is true. In the meantime
• 12:28
  Speaker 1: that the United States has condemned the attack. White House
• 12:33
  Speaker 1: Press Secretary Carolyn Livett has said, quote unilaterally, bombing inside
• 12:38
  Speaker 1: Katao does not advance Israel America's goals. The president's view,
• 12:43
  Speaker 1: the President of views Katawa as a strong ally and
• 12:46
  Speaker 1: friend of the United States and feels very badly about
• 12:48
  Speaker 1: the location of this attack. Now, I just want to
• 12:50
  Speaker 1: give you a sense of a sense of kata Katarwa
• 13:01
  Speaker 1: is well known to be the main funder of ISIS,
• 13:06
  Speaker 1: and was the main funder of ISIS throughout the twenty teens.
• 13:09
  Speaker 1: At the same time as the United States was launching airplanes,
• 13:12
  Speaker 1: a farmer Katarwi air base to attack to attack ISIS.
• 13:16
  Speaker 2: ISIS was funding them at the same time.
• 13:19
  Speaker 1: KATAI is also the largest funder of Middle East programs
• 13:22
  Speaker 1: and other programs in American universities that undermine America, undermine Israel,
• 13:28
  Speaker 1: undermine Western civilization at American universities.
• 13:31
  Speaker 2: Qatar is by far the largest funder of that.
• 13:35
  Speaker 1: Katari is also the only really ally iran Has iran
• 13:39
  Speaker 1: Has in.
• 13:39
  Speaker 2: The Gulf and in the kind of the Arab world.
• 13:44
  Speaker 1: Katawa has stayed friendly with the Iranians and be supportive
• 13:49
  Speaker 1: of the Iranians in spite of all the in spite
• 13:52
  Speaker 1: of the Iranians, all the Iranians terrorist activities and development
• 13:58
  Speaker 1: of nuclear weapons. To make it very clear, and I've
• 14:04
  Speaker 1: been talking about this for years, decades, but years really
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  Speaker 1: at least ten years, fifteen years, Kataw is an enemy
• 14:11
  Speaker 1: of the United States.
• 14:12
  Speaker 2: KATAI is an.
• 14:12
  Speaker 1: Antagonist, is an undermine of American interest in the in
• 14:16
  Speaker 1: the Middle East, It's an undermine of American interest in
• 14:19
  Speaker 1: the United States. Again, it funds in the US. It
• 14:24
  Speaker 1: is the one funding the demonstrations at the universities. It
• 14:27
  Speaker 1: funds leftist causes, it funds anti American, anti Western civilization,
• 14:32
  Speaker 1: causes in the United States. If you look at external
• 14:36
  Speaker 1: funders of American universities, you'll find Katari foundations at the
• 14:40
  Speaker 1: top of the list, over and over and over again.
• 14:44
  Speaker 2: Middle Least programs which.
• 14:45
  Speaker 1: Are anti Israel, anti West, all funded by Katawa. It
• 14:50
  Speaker 1: used to be Saudi, It used to be a mix
• 14:52
  Speaker 1: of money. Today it is dominantly the Katari's Katawa is
• 14:59
  Speaker 1: a force of ill in the Middle East. It is
• 15:03
  Speaker 1: the one place in which the Muslim Brotherhood feels safe.
• 15:08
  Speaker 1: The Muslim Brotherhood, which is kicked out of Egypt, kicked
• 15:11
  Speaker 1: out of Saudi Arabia, has found a home in Katao
• 15:15
  Speaker 1: and uses Katar as its base to spread its militant
• 15:20
  Speaker 1: Islamist jihadist ideology throughout the Middle East and throughout the world.
• 15:26
  Speaker 1: It also is the place in which they use their
• 15:28
  Speaker 1: propaganda or Jazeira is a Katari news organization and news
• 15:34
  Speaker 1: organization that does everything that it can to undermine Israel,
• 15:38
  Speaker 1: to undermine the US, to undermine US interests in the
• 15:40
  Speaker 1: Middle East. It is to some extent at least, a
• 15:46
  Speaker 1: Muslim Brotherhood media outlet, and of course Hamas is of
• 15:52
  Speaker 1: course i've spin off of the Muslim Brotherhood Hamas was
• 15:55
  Speaker 1: the Muslim brotherhood of Palestine in its origination, also facilitated
• 16:01
  Speaker 1: huge amounts of money to Hamas and houses Kamas leadership
• 16:05
  Speaker 1: and has house Kamas leadership for years and years and years.
• 16:09
  Speaker 2: So it has placed.
• 16:10
  Speaker 1: Host to some of the world's most brutal, horrific, murderous terrorists,
• 16:16
  Speaker 1: and yet unilaterally bombing inside Katau does not advance Israel
• 16:21
  Speaker 1: in America's interest. President views Katau as a strong ally. Indeed,
• 16:28
  Speaker 1: according to the White House, President Trump was only notified
• 16:31
  Speaker 1: about the Israeli strike, you know, once it was happening,
• 16:35
  Speaker 1: and that the President quote feels very badly about the
• 16:39
  Speaker 1: location of the strike and was and has asshured Qatau.
• 16:44
  Speaker 1: He immediately spoke to Bibi. I'm sure he yelled at Nitanielle.
• 16:48
  Speaker 1: And he then immediately spoke to the Emir, the dictator
• 16:51
  Speaker 1: of Qatau, and assured Katu that there will be no
• 16:56
  Speaker 1: further attacks against its territory and basically gave the Riot
• 17:03
  Speaker 1: Act to Nataniello.
• 17:05
  Speaker 2: Explaining that that was now the rule.
• 17:09
  Speaker 1: So this administration continues to cat all dictators, to appease evil,
• 17:19
  Speaker 1: to negotiate with evil, and it continues to.
• 17:26
  Speaker 2: You know, hamper Israel's efforts to defend itself.
• 17:30
  Speaker 1: The United States years ago, suddenly after September, after October
• 17:35
  Speaker 1: nineth seventh should have.
• 17:37
  Speaker 2: Withdrawn its support for katau.
• 17:41
  Speaker 1: And and denounce any attempt to negotiate with Ramas. Ramas
• 17:49
  Speaker 1: has played Israel. It's played the Americans. It plays the
• 17:53
  Speaker 1: negotiations for time. It never gives direct answers, it never
• 17:58
  Speaker 1: gives definitive answers, because it is playing for time, because
• 18:02
  Speaker 1: it knows time is us on its side. Why, because
• 18:05
  Speaker 1: it's funding all these protests, and it knows that the
• 18:10
  Speaker 1: longer this takes, the more Ghazans die, the more they
• 18:14
  Speaker 1: can pretend this famine, the more pressure the world community
• 18:19
  Speaker 1: will place on Israel, the more isolated Israel.
• 18:21
  Speaker 2: Becomes, the more Hamas wins. And that has been that
• 18:27
  Speaker 2: has been the strategy from the beginning. Trump.
• 18:33
  Speaker 1: While Trump is doing what Trump does, one day hot,
• 18:37
  Speaker 1: one day cold. He supports Bib on some things and
• 18:40
  Speaker 1: he restricts Bib on other things, and he is friendly.
• 18:45
  Speaker 1: His primary elite alliance in the beliefs is not to Israel.
• 18:49
  Speaker 1: It's not to Bib. It's the Saudis and it's the Cataris.
• 18:53
  Speaker 1: The Saudis already, of course, denounced this, the Jordanians have
• 18:56
  Speaker 1: denounced this, pretty much all European countries have then action,
• 19:01
  Speaker 1: and the United States will not stand by Israel on
• 19:03
  Speaker 1: this one because because of its commitment to the Katais
• 19:09
  Speaker 1: and its friendship to the Katais, and again the fact
• 19:12
  Speaker 1: that the United States continues to try to negotiate with
• 19:16
  Speaker 1: Hamas is weakness. I think Israel finally is figured out
• 19:21
  Speaker 1: the right attitude. The right attitude is to kill Rama's
• 19:25
  Speaker 1: leadership wherever it happens to be, find them and kill them.
• 19:29
  Speaker 1: If they failed this time, it is sad, it is
• 19:33
  Speaker 1: maybe even a tragedy, but they should keep at it
• 19:36
  Speaker 1: no matter where they are in Turkey and Katau, no
• 19:39
  Speaker 1: matter where they hide, they should know that they will
• 19:42
  Speaker 1: never be safe, that Israel will hunt them down and
• 19:46
  Speaker 1: kill them, and no matter what America thinks, Israel will
• 19:49
  Speaker 1: destroy every less remnant of Hamas. At the same time
• 19:53
  Speaker 1: Israel is trying to kill Rama's leadership, it is also
• 19:57
  Speaker 1: issued a sweeping evacuation order this morning, calling on all
• 20:01
  Speaker 1: Gaza City residents to immediately leave by designated corridors while
• 20:07
  Speaker 1: Israel intends to strike and enter Gaza City and basically
• 20:12
  Speaker 1: take control over the entire into the most populated region
• 20:18
  Speaker 1: in Gaza. The notice that was issued today states that
• 20:22
  Speaker 1: quote the IDF is resolute in defeating Hamas and while
• 20:26
  Speaker 1: operating Gaza City with overwhelming force, as it has done
• 20:30
  Speaker 1: throughout the strip. It instructed residents to quote evacuate immediately.
• 20:37
  Speaker 1: Supposedly more than one hundred thousand have already evacuated the city,
• 20:41
  Speaker 1: with between one hundred and three hundred thousand remaining in
• 20:44
  Speaker 1: the city and quoting, you know, a foreign minister, Gironsao
• 20:52
  Speaker 1: has said that Israel's committed now to ending the war
• 20:56
  Speaker 1: based on Trump's proposal and accordance with the principle's ablished
• 21:00
  Speaker 1: by a security Cabinet, which means the defeat of Hamas
• 21:03
  Speaker 1: and the destruction of the Gaza Strip. So yeah, Israel
• 21:13
  Speaker 1: will will take Gaza City now. You know, it can't
• 21:20
  Speaker 1: kill every Ramas member. Many of the Ramas members are
• 21:24
  Speaker 1: evacuating with the rest of the civilian population. They dress
• 21:27
  Speaker 1: up as civilians and they evacuate, but.
• 21:31
  Speaker 2: Taking control over the city.
• 21:34
  Speaker 1: You know, the one place where Hamas has operated over
• 21:38
  Speaker 1: the last few months fairly freely, the one place where
• 21:41
  Speaker 1: there are still many tunnels from which they keep attacking
• 21:46
  Speaker 1: Israeli forces and in which they're holding the hostages. I
• 21:50
  Speaker 1: do believe that the chances of recovering the hostages and
• 21:53
  Speaker 1: getting the hostages out of Gaza alive is very low
• 21:58
  Speaker 1: at this point. As Israel advances UH, it is likely
• 22:02
  Speaker 1: that Hamas will kill the hostages. It is done in
• 22:06
  Speaker 1: in in the past. But this is the only path
• 22:10
  Speaker 1: available to Israel. The only path availament to Israel is
• 22:14
  Speaker 1: the complete occupation of Gaza and UH and and the
• 22:17
  Speaker 1: complete destruction of Gaza. Because every building, every tunnel is
• 22:26
  Speaker 1: a place in which Hamas can establish itself. It's a
• 22:29
  Speaker 1: place in which Hamas can UH try to ambush this
• 22:33
  Speaker 1: with these soldiers. It's a place in which Hamas can
• 22:37
  Speaker 1: hide its own troops and the hide hostages. Israel has
• 22:41
  Speaker 1: to control the space it has. It has to control UH,
• 22:46
  Speaker 1: to control Gaza, take it over and and and determine
• 22:51
  Speaker 1: its long term fate itself. It cannot trust anybody else
• 22:55
  Speaker 1: to do it, to do it for you, you know,
• 23:01
  Speaker 1: I'll just take this question because it's relevant to what
• 23:03
  Speaker 1: we're talking about right now. David says, what if Hamas
• 23:06
  Speaker 1: is hiding in Turkey, should is will attack them there,
• 23:10
  Speaker 1: I'll just say that if Hamas is in Turkey, then no,
• 23:14
  Speaker 1: I wouldn't say that Israel should launch aircraft and bomber
• 23:17
  Speaker 1: building in Turkey. But its all has done. You can
• 23:20
  Speaker 1: do it in other ways. Israel could send assassins in
• 23:24
  Speaker 1: and kill them, kill them there. It's done. It's assassinated
• 23:29
  Speaker 1: terrorist leaders in Western countries, so there should be no
• 23:33
  Speaker 1: restriction on trying to do it in Tokey as well.
• 23:36
  Speaker 1: But yes, absolutely they should try to kill them in Turkey.
• 23:39
  Speaker 1: They should kill them in America if they're in America,
• 23:40
  Speaker 1: they should kill them wherever they happen to be. Wherever
• 23:43
  Speaker 1: they are, they should worry about their phone exploding. They
• 23:48
  Speaker 1: should worry about their car exploding. They should worry about
• 23:52
  Speaker 1: somebody putting a bullet in their head, or somebody in them,
• 23:55
  Speaker 1: pricking them with a poisonous needle. They should live in
• 24:00
  Speaker 1: fear for the rest of their life, under the fear
• 24:03
  Speaker 1: of being assassinated. Assassination death is the only thing these
• 24:08
  Speaker 1: monsters deserve, and I think his Roel has now made
• 24:13
  Speaker 1: it clear that they're willing to do that. Sadly, instead
• 24:16
  Speaker 1: of supporting that the United States is is condemning the
• 24:21
  Speaker 1: attack and giving Hamas breathing room. It's giving Kamas space
• 24:27
  Speaker 1: to survive until for another day. And that is the tragedy.
• 24:35
  Speaker 1: But that is you know, again, this is completely and
• 24:38
  Speaker 1: utterly expected of an unprincipled, unprincipled administration that cozies up
• 24:47
  Speaker 1: to dictators and then has shown over.
• 24:50
  Speaker 2: And over again it's sympathies to cut out.
• 24:53
  Speaker 1: So you know, it's it's sad, it's sad that this
• 24:58
  Speaker 1: is the trumpet ministryation's position, but it's not that surprising.
• 25:03
  Speaker 1: It's not such surprising at all that it is that.
• 25:06
  Speaker 1: So what's really said is that Israel failed to kill.
• 25:11
  Speaker 2: The people that needed killing.
• 25:13
  Speaker 1: Uh so, which were the leaders of Hamash. So it
• 25:17
  Speaker 1: does it does seem like well, five of Hamath's members,
• 25:21
  Speaker 1: you know, fairly well.
• 25:23
  Speaker 2: Known people were killed.
• 25:25
  Speaker 1: The main target, particularly the excelled Godza chief Khalili Haya
• 25:32
  Speaker 1: was not was not killed. And yeah, I'll try again,
• 25:38
  Speaker 1: hopefully next time. But uh there's a missed, uh missed opportunity.
• 25:44
  Speaker 1: I hope, I hope it doesn't turn out because this
• 25:46
  Speaker 1: would be really tragic that it is the United States
• 25:49
  Speaker 1: that tipped the hand and saved the lives of these
• 25:52
  Speaker 1: Hamas leaders, and you know in Israel they're very worried
• 25:59
  Speaker 1: now about what happens to hostages and whether the hostages
• 26:03
  Speaker 1: will pay the price for this attempted uh, this attempt
• 26:09
  Speaker 1: to this attempted assassination. Right, yeah, And how am I
• 26:25
  Speaker 1: sself to use this, I'm altual to use this.
• 26:28
  Speaker 2: To try to.
• 26:30
  Speaker 1: Tell Israel a part by by blaming Israel for whatever
• 26:34
  Speaker 1: happens to the h you know, to the hostages. Let's see,
• 26:47
  Speaker 1: I'm just checking out if there's anything anything, uh, anything
• 26:59
  Speaker 1: new that has happened, anything live that's happened. Yeah. I
• 27:07
  Speaker 1: mean here, the son of Ramas, you know, Masuba Hassan Yosef,
• 27:11
  Speaker 1: who is the son of a Rama's leader, who has
• 27:14
  Speaker 1: been in the West, has become very poor Israel and
• 27:16
  Speaker 1: very pro West and very anti Ramas. The son of Ramas,
• 27:22
  Speaker 1: has come out and said the striking Katau should have
• 27:26
  Speaker 1: been done two years ago. And I agree completely too late,
• 27:31
  Speaker 1: too late. I mean, he is so good, he is
• 27:36
  Speaker 1: so uncompromising and and and principles, you know, so so yes,
• 27:44
  Speaker 1: let me see if I can get you to direct
• 27:45
  Speaker 1: quote from him here it is this should have been
• 27:48
  Speaker 1: done almost two years ago, has Yosef, known as the
• 27:53
  Speaker 1: Green Prince, told the Post kata funded Hamas for many
• 27:57
  Speaker 1: years Hamastak Sanctuary Katau. They thought they could not be reached,
• 28:02
  Speaker 1: and they thought they were immune, you know. To remind you,
• 28:07
  Speaker 1: yusef As father was Shikas and Yusuf who is the
• 28:10
  Speaker 1: founding member of Ramas. He says, is Tho's actions send
• 28:13
  Speaker 1: an unequivocal message. Quote, there is no immunity to those
• 28:17
  Speaker 1: who kill innocent civilians, who butcher civilians and take hostages,
• 28:21
  Speaker 1: then blackmail a nation in an attempt to bring the
• 28:24
  Speaker 1: Jewish people, and Israel is a nation onto its knees,
• 28:29
  Speaker 1: so uh uh, you know. And then and then he says,
• 28:33
  Speaker 1: I don't think it's in their interest to harm the hostages.
• 28:35
  Speaker 2: I think Andrews.
• 28:36
  Speaker 1: Wil did well by cutting this chain of brokers over
• 28:39
  Speaker 1: the hostage situation. So he said, used to believes Isel
• 28:49
  Speaker 1: has a better chance of negotiating directly with Hamas's military
• 28:54
  Speaker 1: wing in Gaza, with the guy directly responsible for the hostages.
• 29:02
  Speaker 1: So and and they need to stop negotiating with the
• 29:04
  Speaker 1: people in Katao at all at all. So you know, Hadad,
• 29:12
  Speaker 1: he says, Now haw Dad knows that if he's not
• 29:14
  Speaker 1: going to see it and deal with Israel, he is
• 29:16
  Speaker 1: going to be dead as well. So I think that
• 29:18
  Speaker 1: the chances, in my opinion, are better.
• 29:21
  Speaker 2: We will see, we will see.
• 29:24
  Speaker 1: Remember Kata is a tiny little country, but it has
• 29:27
  Speaker 1: a lot of money, and it has a lot of
• 29:29
  Speaker 1: influence as a consequence of.
• 29:31
  Speaker 2: Having a lot of money.
• 29:35
  Speaker 1: All right, So put that aside, Israel will be entering
• 29:40
  Speaker 1: because the city in the days to come scary times,
• 29:43
  Speaker 1: I think for many israelis certainly scary times. For if
• 29:47
  Speaker 1: you have any relatives in the Israeli military, this is
• 29:51
  Speaker 1: not going to be easy. It's this is going to
• 29:54
  Speaker 1: be again street street building, to building, combat, urban combat.
• 30:00
  Speaker 1: This is why Israel's trying to evacuate as many people
• 30:02
  Speaker 1: as possible so it can come in, but everything.
• 30:05
  Speaker 2: Will be booby trapped.
• 30:07
  Speaker 1: Israel's done really well in minimum minimizing its own casualties
• 30:12
  Speaker 1: relatively speaking, u in its entry into Gaza in the past.
• 30:16
  Speaker 1: Let's hope you to continue to do this. I have
• 30:19
  Speaker 1: a my my nephew is is I don't know if
• 30:24
  Speaker 1: he's in Gaza, but he probably will be in Gaza.
• 30:26
  Speaker 1: So I should I should I should call my sister
• 30:30
  Speaker 1: and find out because.
• 30:33
  Speaker 2: Not good. Oh anyway, uh, that.
• 30:36
  Speaker 1: Is the story in Israel. We will see where this develops.
• 30:39
  Speaker 1: I fear that the world turning against Israel will only
• 30:44
  Speaker 1: intensify with this attack on Qatar because of Kataw's massive influence.
• 30:51
  Speaker 2: Massive.
• 30:51
  Speaker 1: I mean, can you imagine Teka calson right now. I
• 30:54
  Speaker 1: mean they just they just Israel just attacked the sponsor
• 30:57
  Speaker 1: uh so uh and and many people and the American
• 31:00
  Speaker 1: right who are sponsored by Catala. There's a lot of
• 31:03
  Speaker 1: Katari money flowing into the United States, as I said,
• 31:06
  Speaker 1: not just to the left, but to the right as well.
• 31:09
  Speaker 1: And so there's going to be a lot of people
• 31:11
  Speaker 1: flipping out over this on the left and on the right.
• 31:15
  Speaker 1: I mean, interesting numbers came out today. So you know
• 31:19
  Speaker 1: how jobs numbers, GDP numbers. Ultimately every number that they
• 31:27
  Speaker 1: basically the the government releases is every month they look
• 31:33
  Speaker 1: backwards and they revise it and then.
• 31:37
  Speaker 2: Twice a year they do a big revision.
• 31:40
  Speaker 1: So right now, for example, today they revise the numbers
• 31:44
  Speaker 1: from April twenty four to March twenty five in terms
• 31:47
  Speaker 1: of employment, and then those numbers are not really final.
• 31:52
  Speaker 1: The only final numbers for April twenty four to March
• 31:55
  Speaker 1: twenty five, will be released in February twenty six, so
• 32:00
  Speaker 1: they're constantly revising based on new information. There is no
• 32:04
  Speaker 1: real time info. We don't live luckily. Luckily, we do
• 32:09
  Speaker 1: not live in a surveillance society, so we don't have
• 32:13
  Speaker 1: real time American companies are not required to let the
• 32:18
  Speaker 1: government know every time they hire and fire and employee.
• 32:22
  Speaker 1: So the government statisticians, I don't know why they exist
• 32:27
  Speaker 1: at all, but the government statisticians are constantly trying to
• 32:30
  Speaker 1: figure out how many jobs are created, how many jobs
• 32:33
  Speaker 1: are lost, what's unemployment and what is job creation and
• 32:38
  Speaker 1: the economy and it's a noisy messy and it turns
• 32:44
  Speaker 1: out very very inaccurate thing they're trying to do, and
• 32:48
  Speaker 1: it seems like it's only getting more inaccurate. Now the
• 32:51
  Speaker 1: Trump administration is telling us that the reason it's getting
• 32:55
  Speaker 1: more inaccurate is because of politics. Maybe maybe it is
• 32:59
  Speaker 1: politics driving, but it's not obvious that it's politics.
• 33:03
  Speaker 2: It could very well be that the data is just
• 33:07
  Speaker 2: more difficult to.
• 33:08
  Speaker 1: Track for a variety of technological and a variety of
• 33:13
  Speaker 1: just business reasons. We have reasons in the reality of
• 33:18
  Speaker 1: the world out there. So here's the bottom line. So,
• 33:23
  Speaker 1: as of earlier today, it had been believed that between
• 33:28
  Speaker 1: April twenty twenty four and March twenty twenty five, so
• 33:32
  Speaker 1: mostly under Biden, but last couple of months under Trump
• 33:37
  Speaker 1: February in March, that the United States had created in
• 33:40
  Speaker 1: the United States, they had been created one point eight.
• 33:43
  Speaker 2: Million jobs during that period.
• 33:48
  Speaker 1: It turns out, at least according to the latest numbers
• 33:53
  Speaker 1: and the latest evaluations, that only eight hundred and forty
• 33:56
  Speaker 1: seven thousand jobs had been created during that period. That is,
• 34:01
  Speaker 1: it turns out that the job market during the latter
• 34:03
  Speaker 1: part of the Biden administration and the early part of
• 34:06
  Speaker 1: the Trump administration has been much worse than.
• 34:10
  Speaker 2: Previously believed to have been. This is a Huger vision,
• 34:16
  Speaker 2: a Huger vision.
• 34:18
  Speaker 1: Negative nine hundred and eleven thousand jobs, and a lot
• 34:22
  Speaker 1: of people are going to be look at this and
• 34:24
  Speaker 1: figure out how, how why they messed up by such
• 34:28
  Speaker 1: a big number. Average job gains before their revision one
• 34:32
  Speaker 1: hundred and forty seven a month, one hundred forty seven
• 34:34
  Speaker 1: thousand a month. Average john gains after a revision seventy
• 34:38
  Speaker 1: one thousand a month.
• 34:40
  Speaker 2: Now, that means that.
• 34:43
  Speaker 1: You know if in a normal time you need more
• 34:47
  Speaker 1: than seventy one thousand jobs a month to hire everybody
• 34:52
  Speaker 1: who is joining the workplace. But what's weird about it
• 34:57
  Speaker 1: is that unemployment has not changed the The unemployment number
• 35:01
  Speaker 1: has stayed constant. There's a lot of messiness in these numbers.
• 35:08
  Speaker 1: Last August, for example, the BLS were ported eight hundred
• 35:12
  Speaker 1: and eighteen thousand fewer jobs, so big DOWNDAD revisions over
• 35:19
  Speaker 1: the last two years. And by the way, last August
• 35:25
  Speaker 1: was just before the election, and they were basically announcing
• 35:29
  Speaker 1: that during Biden's administration they had been eighteen eight hundred
• 35:35
  Speaker 1: and eighteen thousand fewer jobs than the Biden administration were
• 35:38
  Speaker 1: reported previously. So this was negative news for the Biden
• 35:42
  Speaker 1: administration in terms of jobs just before the election. So
• 35:46
  Speaker 1: it's hard to believe that this is all political. Maybe
• 35:48
  Speaker 1: it is, but it's just hard to believe that it is.
• 35:51
  Speaker 1: It just seems like their systems are broken, and maybe
• 35:55
  Speaker 1: the systems broke, maybe the mechanisms by which they measured
• 35:59
  Speaker 1: these things broke during COVID.
• 36:02
  Speaker 2: And they have not managed to fix them.
• 36:03
  Speaker 1: Then. I don't know what's going on, but it's clear
• 36:07
  Speaker 1: that government data is you know, is is really broken,
• 36:14
  Speaker 1: and so many employment numbers are really broken. We don't
• 36:20
  Speaker 1: have any other data on the economy. So can we
• 36:23
  Speaker 1: trust government data on the economy. I don't know it's
• 36:29
  Speaker 1: but so any data we really have. You don't have
• 36:33
  Speaker 1: much other data. You have a stock market, your bond
• 36:36
  Speaker 1: market versus markets that are trading. You have earning reports
• 36:42
  Speaker 1: of corporations and businesses. You have private hiring numbers which
• 36:48
  Speaker 1: are very messy and very noisy and only partial.
• 36:52
  Speaker 2: We don't have aggregate statistics in the economy.
• 36:56
  Speaker 1: And the fact that you know the government is incompetent
• 37:02
  Speaker 1: and not very good at getting the numbers you shouldn't
• 37:06
  Speaker 1: be surprising to anybody. It's the governor after all. So
• 37:09
  Speaker 1: even if they're not biased, then they're not trying to
• 37:11
  Speaker 1: manipulate it. Can we trust them in terms of just
• 37:14
  Speaker 1: competence questionable? And of course Trump is now appointed to
• 37:20
  Speaker 1: the Statistics Agency, the agency that will be producing future reports.
• 37:24
  Speaker 2: He is appointing or you know, the.
• 37:29
  Speaker 1: This will go in front of Congress soon to be approved.
• 37:34
  Speaker 1: Appointing somebody who's very part is it, who is likely
• 37:37
  Speaker 1: to try at least to manipulate the numbers in favor
• 37:40
  Speaker 1: of Trump. So I'm not sure we could have trusted
• 37:44
  Speaker 1: the numbers ever, and I certainly don't think we can
• 37:47
  Speaker 1: trust the numbers into the future. Now, numbers produced by
• 37:50
  Speaker 1: the FED, I think are much more at least independent. Again,
• 37:53
  Speaker 1: are they right is a different question, but at least
• 37:57
  Speaker 1: independent of politics. This is one of the problems of
• 38:01
  Speaker 1: making the FED none independent. That is reducing its independence
• 38:06
  Speaker 1: is the fact that it will it will lose even that.
• 38:09
  Speaker 2: Ability that at least its numbers are somewhat true.
• 38:14
  Speaker 1: Yeah, the labor departments view of labor statistics, this a BLS,
• 38:17
  Speaker 1: which is where all these revisions are happening. Is this
• 38:22
  Speaker 1: is a this is a really big deal. Now, economis
• 38:25
  Speaker 1: expected estimated revisions to be between four hundred thousand and
• 38:29
  Speaker 1: a million jobs negative.
• 38:33
  Speaker 2: But you know, so this was this was pretty big.
• 38:36
  Speaker 2: This is pretty big. All right, let's see.
• 38:44
  Speaker 1: I mean what this really means from an economic perspective.
• 38:48
  Speaker 1: And one of the reasons the markets have now responded
• 38:51
  Speaker 1: very negative to this because you would expect this again
• 38:54
  Speaker 1: suggests that the economy is not doing well. The economy
• 38:57
  Speaker 1: wasn't as good as people thought it was, as we
• 39:00
  Speaker 1: we all thought it was well. I thought it was
• 39:01
  Speaker 1: last year and everybody else based on the numbers that
• 39:04
  Speaker 1: it wasn't as good. Again, it wasn't recession, but it
• 39:08
  Speaker 1: wasn't as good. The numbers this year suggest that this
• 39:11
  Speaker 1: year is even worse. And yet the market is still
• 39:15
  Speaker 1: up in record territory. And the reason for that is
• 39:17
  Speaker 1: that as negative numbers get released, the FED likely that
• 39:22
  Speaker 1: the Fed will reduce interest rates increases and interstates going
• 39:27
  Speaker 1: down actually increases the value of assets. So you'd expect
• 39:33
  Speaker 1: stock prices to go up as interstates go down, and
• 39:36
  Speaker 1: that's the reason why the stock market is not.
• 39:41
  Speaker 2: Is not moving. So the Fed is.
• 39:43
  Speaker 1: Looking at these numbers, is using these numbers, and there's
• 39:47
  Speaker 1: no doubt the next week the Federal lower interest rates.
• 39:49
  Speaker 1: Now the question is going to be will they lower
• 39:51
  Speaker 1: it by twenty five basis points and fifty basis points?
• 39:55
  Speaker 1: And of course the other question is will lowering interest
• 39:58
  Speaker 1: rates affect inflation? That is, what is the relation between
• 40:01
  Speaker 1: interestrates and inflation short term interstrates, which is what the
• 40:05
  Speaker 1: FED controls.
• 40:06
  Speaker 2: It's not clear is the.
• 40:08
  Speaker 1: Lowering of interestrates by the Fed and acknowledgment that they
• 40:11
  Speaker 1: cannot get inflation. Inflation meaning in this context, price inflation,
• 40:17
  Speaker 1: consumer price inflation.
• 40:18
  Speaker 2: The prices we pay for the stuff that we buy
• 40:23
  Speaker 2: is a is them lowering.
• 40:27
  Speaker 1: Interest rates or recognition that they cannot and are not
• 40:30
  Speaker 1: going to work to get inflation, that kind of inflation
• 40:32
  Speaker 1: down below three percent? And are they going to have
• 40:36
  Speaker 1: you know, the FED target for inflation.
• 40:38
  Speaker 2: Is two percent, which is absurd, but it is. It's
• 40:41
  Speaker 2: two percent.
• 40:43
  Speaker 1: Maybe the FED target really now if they lower interestate
• 40:46
  Speaker 1: next week is two percent, it's two percent, sorry, threw
• 40:48
  Speaker 1: percent because they don't seem to be making an effort
• 40:53
  Speaker 1: to lower it below three percent. So part of the
• 40:57
  Speaker 1: problem with the FED is they've got this dual mand
• 40:59
  Speaker 1: aid full employment, so they look at the employment numbers
• 41:04
  Speaker 1: and low inflation. They should have one mandate if they
• 41:10
  Speaker 1: should exist at all, they shouldn't, they should not be
• 41:12
  Speaker 1: a FED. But if the Fed's going to exist, it
• 41:14
  Speaker 1: should have one mandate. That mandate should be basically, you know,
• 41:22
  Speaker 1: stable monetary policy. How you measure stable monetary policy? It's
• 41:30
  Speaker 1: very difficult. It's not two percent inflation. It's not setting
• 41:34
  Speaker 1: in inflation target at all because, as we said, CPI
• 41:39
  Speaker 1: or PCE or however you want to measure price inflation
• 41:43
  Speaker 1: is not capturing the full effect of monetary inflation.
• 41:46
  Speaker 2: So you want to eliminate monetary inflation, you have to
• 41:48
  Speaker 2: find other ways to do it. The variety of suggestions out.
• 41:53
  Speaker 1: There, but a tailor rule, other rules, but nominal gd
• 42:00
  Speaker 1: targeting nominals and GDP. But of course the best solution
• 42:03
  Speaker 1: would be to get rid of the FED and had
• 42:05
  Speaker 1: a free banking. But you know, monetary policy set by banks,
• 42:10
  Speaker 1: by independent free banks, unregulated banks. But that is not
• 42:14
  Speaker 1: going to happen in my lifetime. So I'd rather see
• 42:17
  Speaker 1: a FED that is better than the existing FED than
• 42:22
  Speaker 1: hold on, than a FED that is destroying money and
• 42:26
  Speaker 1: destroying the economy. So anything is better than the kind
• 42:32
  Speaker 1: of rule they have right now, which is no good.
• 42:34
  Speaker 1: But the only alternative right now to Powell is Trump.
• 42:39
  Speaker 1: And Trump wants basically low interest rates no matter what.
• 42:43
  Speaker 1: He doesn't want a rule, he doesn't want a principle,
• 42:46
  Speaker 1: he doesn't want guidance, he doesn't want to limit the FED.
• 42:49
  Speaker 1: He wants an unlimited FED who lowers interest rate just
• 42:54
  Speaker 1: like go on in tokey in system the low low
• 42:58
  Speaker 1: low interest rates and in spite of inflation and draw
• 43:00
  Speaker 1: inflation into high double digits as a consequence and would
• 43:05
  Speaker 1: not listen because his whole idea is in Islam, you
• 43:08
  Speaker 1: have low interestrates, you have to push interestrates down. And yeah,
• 43:15
  Speaker 1: I mean Trump is like any other AUTHORITARIANO wants a
• 43:18
  Speaker 1: short term fix and low interestrates. Lowering interest rates by
• 43:23
  Speaker 1: one and after three basis three percent, which is what
• 43:26
  Speaker 1: Trumps talked about, very quickly, would generate a real pop economically,
• 43:32
  Speaker 1: and then real, real bad stuff would happen. But that's
• 43:38
  Speaker 1: farther away. And pragmatism basically says you can't you can't
• 43:44
  Speaker 1: think into the long Who knows what will happen in
• 43:46
  Speaker 1: the distance. All you have to do is do what
• 43:48
  Speaker 1: works right now. All right, Okay, a number of other issues.
• 43:56
  Speaker 1: Let's say Murdoch. Yes, there's been a lot of humors
• 44:00
  Speaker 1: and a lot of suspense around the fate of the
• 44:03
  Speaker 1: Rupert Murdoch empire. This has been litigated, it's been in courts.
• 44:09
  Speaker 1: You know, Murdoch that owns Fox and it owns owns
• 44:16
  Speaker 1: it was a news corp basically is the owner of
• 44:19
  Speaker 1: Fox News, the New York Post, the Wall Street Journal,
• 44:23
  Speaker 1: but also news assets all over the West, certainly in
• 44:28
  Speaker 1: the UK and in Australia. It is a conservative basically
• 44:34
  Speaker 1: media empire, and Rupert Murdoch, who is ninety four years old,
• 44:39
  Speaker 1: wants to make sure that it stays conservative. And he
• 44:43
  Speaker 1: has wanted Lachlan Murdoch, who is his son, his youngest son,
• 44:49
  Speaker 1: to inhabit the empire and to keep it conservative because
• 44:53
  Speaker 1: Lachlan is a conservative. His other three children, there's five
• 44:57
  Speaker 1: other children, there's other three who are contending for this
• 45:01
  Speaker 1: are much more moderate.
• 45:04
  Speaker 2: Or liberal than Lachlan is.
• 45:06
  Speaker 1: And yet they were promised control over the media empire.
• 45:11
  Speaker 1: And this has been and Murderer has tried to change
• 45:14
  Speaker 1: his will to change basically the state. And this has
• 45:18
  Speaker 1: been a massive fight and has gone to court, suing
• 45:21
  Speaker 1: each other, and they sat down and they ultimately the
• 45:25
  Speaker 1: negotiated and the family has ultimately created a structure now
• 45:30
  Speaker 1: that settles all the disputes. And it looks like Lachlan
• 45:35
  Speaker 1: will in need maintain control over Fox News and News Quote.
• 45:42
  Speaker 1: He will pay his siblings. His three other siblings will
• 45:45
  Speaker 1: each get I think a billion and a half dollars
• 45:49
  Speaker 1: for their shares in the media enterprise.
• 45:54
  Speaker 2: He will control.
• 45:58
  Speaker 1: Something called the Murdoch Family Trust Us, which will control
• 46:01
  Speaker 1: the media enterprise.
• 46:02
  Speaker 2: He will control that with.
• 46:03
  Speaker 1: His two younger sisters, Grace and Chloe. I don't know
• 46:07
  Speaker 1: anything about their politics, but basically he will be able
• 46:11
  Speaker 1: to determine the fate of it. This trust will stay
• 46:15
  Speaker 1: in existence until twenty fifty. Therefore, his control will stay
• 46:18
  Speaker 1: in existence till twenty fifty, at which point I guess
• 46:21
  Speaker 1: the trust will be dissolved and Grace and Chloe will
• 46:24
  Speaker 1: get their share or something like that. But anyway, don't
• 46:27
  Speaker 1: feel bad for the three older siblings. They each get
• 46:31
  Speaker 1: I was wrong, not one point five billion for them.
• 46:33
  Speaker 1: They only get one point one billion each. This is,
• 46:36
  Speaker 1: of course, on top of the several billion they already
• 46:39
  Speaker 1: have that they've already inhibited.
• 46:41
  Speaker 2: From their father from Rupert Murdoch. Super Murdoch can now
• 46:45
  Speaker 2: die in peace knowing that his right wing that is, a.
• 46:50
  Speaker 1: Right wing conservative media empire is secure in the hands
• 46:56
  Speaker 1: of Lachlan and we'll st So, you know, it's you know,
• 47:03
  Speaker 1: there's been a lot of fighting, a lot of disputes,
• 47:07
  Speaker 1: a lot of intrigue, a lot of backstabbing. It's a
• 47:10
  Speaker 1: real family drama. They'll probably make a mini series out
• 47:13
  Speaker 1: of this. Number of books will be written from this,
• 47:16
  Speaker 1: but it does look like at this point. It has
• 47:19
  Speaker 1: ended and it has been resolved, and it's it's done.
• 47:24
  Speaker 1: It's done for now. I mentioned yesterday that the US
• 47:31
  Speaker 1: has beefed up its presence in Puerto Rico, the US
• 47:36
  Speaker 1: military indeed by sending F thirty fives to Puerto Rican airports.
• 47:41
  Speaker 1: Well today, Defense secret Day Pete Hackseth and the Joint
• 47:45
  Speaker 1: Chief of Staff General Dan Kine visited Puerto Rico. I
• 47:50
  Speaker 1: guess that was yesterday on Monday, and in order to
• 47:55
  Speaker 1: send a clear message that Puerto Rico is not going
• 47:58
  Speaker 1: to be kind of a forward staging ground for the
• 48:01
  Speaker 1: US military's operations in the Caribbean and vis a vis
• 48:07
  Speaker 1: Venezuela that they are going to and hexceth I stated
• 48:13
  Speaker 1: this that they're going to be vigilant about stopping or
• 48:16
  Speaker 1: doing everything they can to stop the infiltration of drugs
• 48:20
  Speaker 1: into the United States through the Caribbean, and particularly those drugs.
• 48:24
  Speaker 2: Coming from Venezuela.
• 48:28
  Speaker 1: You know, the.
• 48:31
  Speaker 2: You know, we know that last week they blow up
• 48:34
  Speaker 2: a vessel.
• 48:36
  Speaker 1: I supposedly eleven people died on it, even though they've
• 48:39
  Speaker 1: produced no evidence verifying that it was gang members, that
• 48:44
  Speaker 1: they were CATEL members who were on it. It was
• 48:47
  Speaker 1: blown up I don't under what authority the President of
• 48:51
  Speaker 1: the United States is blowing up ships in the Caribbean
• 48:54
  Speaker 1: in international waters, but he is, and he's not asking
• 48:59
  Speaker 1: for anybody, so authority.
• 49:01
  Speaker 2: Uh and uh, there's a big big you know, he
• 49:07
  Speaker 2: did exchange between Jade Vance and I guess Rand Paul.
• 49:12
  Speaker 1: Ran Paul very much opposed this attack. But even if
• 49:15
  Speaker 1: it's justified, Rand Paul would oppose. It's Rand Paul just
• 49:17
  Speaker 1: as a is way too much of a pacifist.
• 49:20
  Speaker 2: For my liking.
• 49:22
  Speaker 1: Anyway, you know, they are out to get this trend.
• 49:26
  Speaker 1: De Urugua, which is a criminal group the Demonistration is connected,
• 49:33
  Speaker 1: claims to connect to Venezuela and President Nicholas Manduo.
• 49:38
  Speaker 2: You could argue that what they really want is to
• 49:40
  Speaker 2: overthrow my duo.
• 49:42
  Speaker 1: Uh. There are also there, of course, to protect uh interests,
• 49:47
  Speaker 1: the US interests in Guyana. Guyana is south of Venezuela.
• 49:53
  Speaker 1: It's a small little country that has massive oil reserves.
• 49:56
  Speaker 1: It is now on a GDP per capita basis the
• 49:59
  Speaker 1: richest country Latin America now because it's particularly productive, now
• 50:02
  Speaker 1: because it's particularly anything, but just because it.
• 50:04
  Speaker 2: Has so much oil right now.
• 50:06
  Speaker 1: It's such a small country Venezuela has its eye on Guiana.
• 50:09
  Speaker 1: It has disputed territory. It would like those oil resources.
• 50:13
  Speaker 1: It needs to replenish its coffers. It's going into the
• 50:17
  Speaker 1: drug trade in order to do that. They would like
• 50:19
  Speaker 1: to and they have threatened Guiana with military action. I
• 50:22
  Speaker 1: think part of the US's presence in the Caribbean and
• 50:26
  Speaker 1: close to the Venezuela and shore is basically to signal to.
• 50:29
  Speaker 2: Maduro, don't you dare go to Guyana. The United States.
• 50:35
  Speaker 1: Basically it's American oil companies that are working in Guiana
• 50:38
  Speaker 1: to retrieve the oil there. The Hegseth spoke in front
• 50:46
  Speaker 1: of sailors and marines in Puerto Rico. He told them
• 50:51
  Speaker 1: that they are on the front lines of defending the
• 50:52
  Speaker 1: American homeland. He said, no, making no mistake what you're
• 50:56
  Speaker 1: doing right now, it's not training.
• 50:59
  Speaker 2: This is the real world.
• 51:00
  Speaker 1: The exercise on behalf of vital national interests of the
• 51:03
  Speaker 1: United States. He added, Puerto Rico is most obvious and
• 51:07
  Speaker 1: nearest place to Venezuela. And this administration has signaled for
• 51:13
  Speaker 1: a while that there would be a paradigm shift in
• 51:15
  Speaker 1: how we do security operations in the Western Hemisphere. And yeah,
• 51:22
  Speaker 1: so it's clear that the Trumpet administration, once the resurrect
• 51:27
  Speaker 1: the Monroe doctrine, the Western hemisphere is ours. We dictate
• 51:30
  Speaker 1: what happens here, and we will not let We will
• 51:34
  Speaker 1: not let Maduro do what he wants to do. Is
• 51:38
  Speaker 1: anti American, and we might get rid of him if
• 51:41
  Speaker 1: we so choose, And the excuse that will be given
• 51:44
  Speaker 1: will be the One Drugs. The One Drugs has been
• 51:48
  Speaker 1: a massive success, as you all know. Since it was
• 51:50
  Speaker 1: launched in the early nineteen seventies. It has done nothing
• 51:54
  Speaker 1: but reduced the amount of drugs flowing into the United
• 51:56
  Speaker 1: States and reduced the death rates fromg Oh, maybe it's
• 52:00
  Speaker 1: not true. The drug go indid has had has been
• 52:03
  Speaker 1: a massive failure, as you would expect when you have
• 52:05
  Speaker 1: a war on an inanimate object. Certainly the United States
• 52:10
  Speaker 1: were placing Madua in Venezuela would be a good thing.
• 52:14
  Speaker 1: I wouldn't be opposed to doing that, but I also
• 52:16
  Speaker 1: don't think it's something worth risking the lives of American troops,
• 52:21
  Speaker 1: for America has no vital national interest in Venezuela as
• 52:25
  Speaker 1: long as Venezuela is not a real, actual security threat
• 52:28
  Speaker 1: to the US. If Venezuela does not house, as far
• 52:31
  Speaker 1: as we know, Russian troops. It does not house Chinese troops.
• 52:37
  Speaker 1: More likely Cuba does house at least Chinese troops, so
• 52:41
  Speaker 1: that that might be that may be more of a
• 52:45
  Speaker 1: reason to go after Cuba than to go off to Venezuela.
• 52:48
  Speaker 1: But anyway, if Venezuela gets toppled, then if no American
• 52:51
  Speaker 1: troops get hurt in the process, I'm all for it.
• 52:54
  Speaker 1: If the United States is willing to bomb the presidential
• 52:57
  Speaker 1: Palace and get rid of Madua that way, and and
• 53:01
  Speaker 1: and transition Venezuela peacefully into peacefully after Madua has gone
• 53:06
  Speaker 1: into a free year country and a country that has
• 53:13
  Speaker 1: even a semblance of respect for its own people, that
• 53:15
  Speaker 1: would be Goody would also reduced the number of people
• 53:17
  Speaker 1: leaving Venezuela and heading towards the United States and becoming illegal,
• 53:22
  Speaker 1: illegal immigrants in the United States.
• 53:25
  Speaker 2: So so yeah, it's going to be. It's going to be.
• 53:31
  Speaker 1: It's going to be interesting to see what the next
• 53:33
  Speaker 1: few months saw. As I told you, the Trump Administration's
• 53:38
  Speaker 1: national Defense policy.
• 53:41
  Speaker 2: Hasn't been officially came out.
• 53:43
  Speaker 1: At least the draft of it suggests a pivot away
• 53:47
  Speaker 1: from Europe which was expected, a pivot away from China which.
• 53:51
  Speaker 2: Is a surprise, and a pivot towards Latin.
• 53:54
  Speaker 1: America towards home towards America's borders in Latin America, which
• 54:01
  Speaker 1: is not surprising. But the pivot away from China is
• 54:04
  Speaker 1: a surprise. And if you take away resources from the
• 54:08
  Speaker 1: Chinese fund and you bring them into the Latin American fund, yeah,
• 54:12
  Speaker 1: you can deploy a lot of resources into going after
• 54:16
  Speaker 1: Venezuela and into trying to stop the drug trade. But
• 54:22
  Speaker 1: stopping the flow of drugs, it has not been successfully
• 54:27
  Speaker 1: done really ever anyway, as far as I know.
• 54:31
  Speaker 2: They tried it with put Bridge and with alcohol. Didn't
• 54:33
  Speaker 2: work there either.
• 54:35
  Speaker 1: All Right, I got a question yesterday or the day before,
• 54:38
  Speaker 1: I think for Michael about Mamdani, so I thought I
• 54:40
  Speaker 1: would update you. There's now a new poll out about
• 54:45
  Speaker 1: the New York election, and it seems that mcdanni has
• 54:49
  Speaker 1: has this really wrapped up. He has a solid lead
• 54:54
  Speaker 1: with the common field of three opponents, the Republican, Como
• 55:01
  Speaker 1: and the current Mayor of New York. Mamdanni leads by
• 55:05
  Speaker 1: a huge margin, so he would actually get forty six percent. Como,
• 55:10
  Speaker 1: who would come in second would get twenty four percent Adams,
• 55:14
  Speaker 1: Adams and Sliwa would get something less than twenty four percent,
• 55:18
  Speaker 1: but Mamdanni would be a shoeing in a three verses
• 55:22
  Speaker 1: one if Trump gets his weight, I suppose he Trump
• 55:24
  Speaker 1: is putting pressure on Adams to drop out, and on
• 55:28
  Speaker 1: CIVILA is the Republican to drop out. And if it's
• 55:31
  Speaker 1: just Mamdanni versus Como, Mam Donny still wins forty eight
• 55:37
  Speaker 1: to forty four. Now it's stunning to me, and it
• 55:42
  Speaker 1: should be stunning to you that there are.
• 55:47
  Speaker 4: Forty eight percent of New Yorkers, forty eight percent of
• 55:50
  Speaker 4: New Yorkers would vote for an anti Semitic, anti Israel bleeding.
• 55:59
  Speaker 2: Hearts so.
• 56:02
  Speaker 1: To be who wants who wants to reduce the amount
• 56:06
  Speaker 1: of policing in New York to be the next mayor
• 56:10
  Speaker 1: of the city. I mean, it is really amazing that
• 56:14
  Speaker 1: there are that many idiots, crazy is nuts in New
• 56:20
  Speaker 1: York City.
• 56:21
  Speaker 2: Now, I know Como is not a very attractive alternative.
• 56:26
  Speaker 1: I think Adams is actually more attractive than Como, but
• 56:30
  Speaker 1: New Yorkers don't think that way. So I get that
• 56:33
  Speaker 1: Como is not very attractive. But at this point, you
• 56:36
  Speaker 1: got to go with. You got to go with not
• 56:40
  Speaker 1: voting for mum daddy. If you do Adams versus Mumdani,
• 56:47
  Speaker 1: just Adams, Mum Danny wins fifty five to thirty six.
• 56:51
  Speaker 1: So New Yoka's I mean, New York is so bad
• 56:54
  Speaker 1: right now, it's not at all. Adams is corrupt, There's
• 56:59
  Speaker 1: no question about that. But Adam's corruption is better than
• 57:04
  Speaker 1: mamdanni socialism. Como's corruption is sleaziness, generally is better than
• 57:11
  Speaker 1: Mam donny socialism.
• 57:15
  Speaker 2: But this is what we are.
• 57:16
  Speaker 1: This is the complete implosion of the Democratic Party. And
• 57:20
  Speaker 1: by the way, this is gonna this is gonna be
• 57:22
  Speaker 1: really bad for the Democratic Party. Not that I worry
• 57:24
  Speaker 1: about them too much, but this is awful for.
• 57:26
  Speaker 2: Them because.
• 57:28
  Speaker 1: The base of the Democratic Party is gonna say, if
• 57:31
  Speaker 1: m Donny wins, you see, we need to go more socialists,
• 57:34
  Speaker 1: we need to go further to the left. If they
• 57:37
  Speaker 1: do that, then the right will win every single election.
• 57:41
  Speaker 1: I mean, Momnetty can win. A socialist can win in
• 57:44
  Speaker 1: New York, and maybe in San Francisco, although San Francisco's
• 57:48
  Speaker 1: gone significantly moderate, even La has gone pretty moderate. But
• 57:54
  Speaker 1: you know, New York, you can win in New York,
• 57:56
  Speaker 1: and you get in a few other places Porto, Landauigan,
• 58:00
  Speaker 1: you know, Chicago more about corrupt leftists than socialists. But yeah,
• 58:05
  Speaker 1: they can win in some of these cities. They can't
• 58:08
  Speaker 1: win in the country. They can't win in a general election.
• 58:12
  Speaker 1: They can't even win enough districts in Congress. But if
• 58:17
  Speaker 1: this is the tilt the Democratic Party takes, instead of
• 58:20
  Speaker 1: going in the abundance direction, they go in the oh no,
• 58:25
  Speaker 1: let's socialize everything direction, then Democratic Party is finished.
• 58:30
  Speaker 2: On a national scale. It is finished.
• 58:32
  Speaker 1: It might be successful for a while in New York,
• 58:35
  Speaker 1: and it won't be successful in New York.
• 58:36
  Speaker 2: For very long because Mumdaney will fail. But it is finished.
• 58:41
  Speaker 1: My guess is the most New Yorkers who are voting
• 58:45
  Speaker 1: for Mamdani, my guess, half the people, half of the
• 58:49
  Speaker 1: forty eight percent who are voting for Mamdani a voting
• 58:52
  Speaker 1: for him under the assumption that he won't be as
• 58:55
  Speaker 1: bad as he sounds. He won't actually do any bad
• 58:59
  Speaker 1: thing he says you will do. It's the same logic
• 59:03
  Speaker 1: that led people to support Trump. Oh no, he won't
• 59:05
  Speaker 1: be as bad as he said. He won't really do
• 59:07
  Speaker 1: the tariffs, he won't really do. You won't really round
• 59:11
  Speaker 1: up immigrants and put them in camps. No, that won't happen.
• 59:15
  Speaker 1: He's better than the other guys that will go with him,
• 59:17
  Speaker 1: but he won't do their radical crazy stuff.
• 59:19
  Speaker 2: And then they do, and then what do you do?
• 59:22
  Speaker 1: It's too late and it's your fault. Americans want fascism.
• 59:30
  Speaker 1: They don't want socialism. Americans want governing involvement in the economy,
• 59:35
  Speaker 1: but they don't want the kind of Mumdani socialism. They
• 59:38
  Speaker 1: don't want the woke they don't want the PC, they
• 59:42
  Speaker 1: don't want the no policing, the defund the police. They
• 59:51
  Speaker 1: don't want criminals to get off with life sentences. They
• 59:54
  Speaker 1: don't want the social stuff that socialism beings with it.
• 59:58
  Speaker 1: And they also don't want the governor to own grossi stores.
• 1:00:02
  Speaker 1: They want they got into control. They want fascism, they
• 1:00:06
  Speaker 1: don't want Mamdani socialism.
• 1:00:12
  Speaker 2: Uh.
• 1:00:15
  Speaker 1: The majority of Maria says the majority of Democrats voted
• 1:00:18
  Speaker 1: favorite socialism over capitalism.
• 1:00:20
  Speaker 2: In recent pole.
• 1:00:21
  Speaker 1: They had a more favorable view of socialism than of capitalism.
• 1:00:24
  Speaker 1: I'm not sure that is even true in the in
• 1:00:27
  Speaker 1: the latest PEU survey, but they didn't They didn't have
• 1:00:34
  Speaker 1: a very favorable reviews. That is, the view of socialism
• 1:00:37
  Speaker 1: was not.
• 1:00:38
  Speaker 2: A majority. What they support is the mixed economy.
• 1:00:46
  Speaker 1: Uh, let's see. Let me get you the uh latest
• 1:00:53
  Speaker 1: views about Yeah. Okay, so here's the actual numbers. It
• 1:01:06
  Speaker 1: looks like it looks like I was wrong, that Marius
• 1:01:09
  Speaker 1: was right. The Dumb and New Galipol finds the US
• 1:01:13
  Speaker 1: adults overall overall, I'm more likely to have a positive
• 1:01:16
  Speaker 1: view of capitalism and socialism. Democrats feel differently. According to
• 1:01:20
  Speaker 1: the survey, only forty two percent of Democrats view capitalism
• 1:01:23
  Speaker 1: favorably well sixty six have a positive view of socialism. Now,
• 1:01:27
  Speaker 1: remember they think socialism is Denmark. They think socialism in Denmark,
• 1:01:33
  Speaker 1: and let me tell you, I'm pretty sure groci stills
• 1:01:36
  Speaker 1: in Denmark are not owned by the government. Capitalism's image
• 1:01:41
  Speaker 1: and has slipped in the United States with US adults
• 1:01:45
  Speaker 1: overall since twenty twenty one, The survey finds. A results
• 1:01:48
  Speaker 1: shows a graduate persistence shift in democrats support for the
• 1:01:52
  Speaker 1: two ideologies over the past fifteen years, with socialism rising
• 1:01:55
  Speaker 1: as capitalism falls. The shift underscores deep divisions within the
• 1:02:00
  Speaker 1: party about whether open support of socialism willhook Democrats' ability
• 1:02:04
  Speaker 1: to reach moderates or galvanize greatest support from people who
• 1:02:07
  Speaker 1: are concerned about issues like cost of living. Anyway, this
• 1:02:11
  Speaker 1: is gonna kure the Democratic Party. That's my prediction that
• 1:02:16
  Speaker 1: even though even though the sub ways say, you know,
• 1:02:22
  Speaker 1: people support socialism, they don't really. And at the end
• 1:02:25
  Speaker 1: of the day, Bernie Sanders cannot win, and Bernie Sander's
• 1:02:31
  Speaker 1: and the but that Donald Trump, who's a socialist of
• 1:02:37
  Speaker 1: the right, if you will can win. That is I
• 1:02:39
  Speaker 1: still think that you will see you will see the
• 1:02:45
  Speaker 1: Democratic Party if it goes in the direction of AOC
• 1:02:50
  Speaker 1: shrink shrink uh, and that the right will exploit that
• 1:02:56
  Speaker 1: and exploit it quite dramatically to become bigger and more substantial. Anyway,
• 1:03:01
  Speaker 1: just random.
• 1:03:03
  Speaker 2: News out out of Norway. Ethiopia.
• 1:03:06
  Speaker 1: Ethiopia is a country with the second largest population in Africa,
• 1:03:12
  Speaker 1: and Africa will be I think within a few decades
• 1:03:16
  Speaker 1: will be the most populoust continents.
• 1:03:18
  Speaker 2: It will be more populated than than than than Asia.
• 1:03:25
  Speaker 1: So Ethiopia has got the second largest population in Africa
• 1:03:29
  Speaker 1: after Nigeria. Ethiopia is just inaugurated Africa's biggest hydroelectric dam.
• 1:03:36
  Speaker 1: It's a massive dam, a huge engineering feed feed that
• 1:03:41
  Speaker 1: is gonna you know, power homes and industries across much
• 1:03:46
  Speaker 1: of East Africa. Now it's also a very it's there's
• 1:03:51
  Speaker 1: a mess of dispute between Ethiopia, which sits high up
• 1:03:55
  Speaker 1: on the Nile, and Sudan and Egypt, that said, lower
• 1:03:58
  Speaker 1: on the Nile. And this dam is on one of
• 1:04:00
  Speaker 1: the main tributary tributaries of the Nile.
• 1:04:04
  Speaker 2: But this is going to provide energy.
• 1:04:08
  Speaker 1: Cheap energy, cheap clean energy to East Africa. Ethiopia's economies
• 1:04:16
  Speaker 1: already one of the better performing economies in the world
• 1:04:21
  Speaker 1: and certainly one of the better economies in Africa. This
• 1:04:24
  Speaker 1: is this is an opportunity for them now to you know,
• 1:04:29
  Speaker 1: to enhance the economy even more dramatically. And you know this,
• 1:04:37
  Speaker 1: this dam took fourteen years to complete. It costs four
• 1:04:41
  Speaker 1: point eight billion dollars. Fifteen thousand people died during the
• 1:04:46
  Speaker 1: construction of this dam. You have a sense of what
• 1:04:50
  Speaker 1: it's like to build a massive dam in Africa. Anyway,
• 1:04:58
  Speaker 1: it's it's a done deal. And now now we're talking
• 1:05:01
  Speaker 1: about maybe the beginning of East Africa becoming more industrialized
• 1:05:12
  Speaker 1: and and.
• 1:05:15
  Speaker 2: Starting to compete with Asia.
• 1:05:16
  Speaker 1: For some of those industrializations, some of those industry jobs,
• 1:05:20
  Speaker 1: some of those jobs that Donald Trump and the right
• 1:05:24
  Speaker 1: would like to bring back to the United States. I
• 1:05:27
  Speaker 1: think Africa is not going to be competing with Asia
• 1:05:30
  Speaker 1: for those jobs. I don't think the United States is
• 1:05:32
  Speaker 1: in the running for the next textile mill, of the
• 1:05:35
  Speaker 1: next assembly planned.
• 1:05:37
  Speaker 2: I think Ethiopia might be. I don't think. I don't think.
• 1:05:42
  Speaker 2: I don't think the United States is.
• 1:05:48
  Speaker 1: So yeah, I mean, good news to Ethiopia, good news
• 1:05:54
  Speaker 1: for Africa, good news for other countries that can buy
• 1:05:58
  Speaker 1: oil from UH. You know, from Ethiopia. You know, a
• 1:06:04
  Speaker 1: big problem for Ethiopia is that it has it doesn't
• 1:06:08
  Speaker 1: have a.
• 1:06:11
  Speaker 2: A port.
• 1:06:16
  Speaker 1: It doesn't have a port, and you know, it's it's
• 1:06:20
  Speaker 1: it's landlocked, which creates real problems. It's dependent for that
• 1:06:25
  Speaker 1: on Somalia. And of course Somalia is a complete basket case.
• 1:06:29
  Speaker 1: It's a it's it's not a country. It's just a
• 1:06:31
  Speaker 1: place where warlords a compete, UH compete for territory with it.
• 1:06:38
  Speaker 1: Therefore has therefore then a Kenya or Jibouti, or a
• 1:06:43
  Speaker 1: Trea or Sudan. It depends on all of those for
• 1:06:47
  Speaker 1: for accessing a port. It could and and it's constantly
• 1:06:53
  Speaker 1: in dispute with Djibouti and a Trea over territory.
• 1:06:57
  Speaker 2: It would love to conquer.
• 1:06:59
  Speaker 1: Pieces of a Tree and Jibouti, and you'll probably see significant,
• 1:07:03
  Speaker 1: significant war in this region, partially in order to access
• 1:07:10
  Speaker 1: access a port for Ethiopia. The other thing you might see, though,
• 1:07:16
  Speaker 1: on a positive note, is trade. You could see Ethiopia
• 1:07:20
  Speaker 1: providing electricity through this dam to a country like Kenya, Djibouti,
• 1:07:25
  Speaker 1: and Eritrea in exchange for a much easier passage into
• 1:07:32
  Speaker 1: their port cities.
• 1:07:34
  Speaker 2: Now, Ethiopia used to.
• 1:07:37
  Speaker 1: Used to have it with declared independence and there was
• 1:07:41
  Speaker 1: a civil war and it was declared independent state at
• 1:07:43
  Speaker 1: some point. But but you know this, this dam now
• 1:07:49
  Speaker 1: gives them something to trade for access into the sea.
• 1:07:54
  Speaker 1: I finally this I think this was last week a
• 1:07:59
  Speaker 1: while ago, but today the American Institute of Architects has
• 1:08:05
  Speaker 1: announced that it opposes a Trump executive order that would
• 1:08:12
  Speaker 1: make federal architecture beautiful again. You know.
• 1:08:17
  Speaker 2: The new order.
• 1:08:19
  Speaker 1: Establishes classical and traditional styles as the preferred approach nationwide,
• 1:08:26
  Speaker 1: with Washington, d C. Facing the strictest rules, Classical design
• 1:08:30
  Speaker 1: becomes the mandatory default. Any alternative would require presidential approval. Now,
• 1:08:43
  Speaker 1: oh my god, this is straight out of the fountain Head,
• 1:08:47
  Speaker 1: straight out of el Zertui. And I think, yeah, I
• 1:08:49
  Speaker 1: mean this is I mean Elser TUIs philosophy is so
• 1:08:54
  Speaker 1: well adjusted, so perfect for Donald Trump. This is pure
• 1:09:00
  Speaker 1: els With Tui in the White House. So from now on,
• 1:09:04
  Speaker 1: all federal buildings, all buildings built by the federal government,
• 1:09:09
  Speaker 1: must adhere to classical designs, must have Greek columns or
• 1:09:14
  Speaker 1: Roman columns, I guess, And they.
• 1:09:18
  Speaker 2: Have strict proportions.
• 1:09:22
  Speaker 1: And again this is pure, pure Elser TUOI. This is pure.
• 1:09:28
  Speaker 2: Everything that found Head is against. The American Institute of Architecture.
• 1:09:37
  Speaker 1: Points out that the federal projects in the past were
• 1:09:42
  Speaker 1: based on the principles of functionality, economic, and appropriate to
• 1:09:46
  Speaker 1: their surrounding while maintaining design excellence. That's a good criteria, flexible. Yeah,
• 1:09:53
  Speaker 1: elsw With is much smarter than Trump. But now you
• 1:09:57
  Speaker 1: get the sense that it's Elsworth Tui running things from
• 1:10:00
  Speaker 1: the background. Right, So yeah, let's kill modern architecture. Let's
• 1:10:09
  Speaker 1: destroy innovation, let's destroy functionality, let's destroy excellent. Let's worship
• 1:10:15
  Speaker 1: the past, let's worship tradition, Let's worship the Greeks. I mean,
• 1:10:21
  Speaker 1: there's other reasons source of the Greeks, not this. And
• 1:10:30
  Speaker 1: now let's make the president, who is the only one
• 1:10:32
  Speaker 1: who can approve deviation from classical designs, make the president
• 1:10:38
  Speaker 1: the chief architect of the United States government. It really
• 1:10:48
  Speaker 1: is despicable, really is disgusting. Really is consistent with the
• 1:10:52
  Speaker 1: new Conservative the national Conservatives. This is a national Conservative
• 1:10:58
  Speaker 1: type policy. This is the kind of stuff they like.
• 1:11:01
  Speaker 1: This is part of his first term agenda. He has
• 1:11:05
  Speaker 1: resurrected it now with more teeth this time. And sad
• 1:11:13
  Speaker 1: pathetic an American, I mean, we are the America that
• 1:11:17
  Speaker 1: stands for progress, for innovation, for future, for functionality, for excellence.
• 1:11:25
  Speaker 1: And now.
• 1:11:27
  Speaker 2: Let's worship columns, let's worship whatever.
• 1:11:31
  Speaker 1: Right, So.
• 1:11:36
  Speaker 2: Really, really really disgusting.
• 1:11:38
  Speaker 1: And as for modern architecture, there is amazing modern architecture today.
• 1:11:45
  Speaker 1: There's really really good modern architecture. It's mostly in China
• 1:11:49
  Speaker 1: and maybe in Dubai, but there's phenomenal modern architecture. You
• 1:11:54
  Speaker 1: can find it in some American cities in spite of
• 1:11:59
  Speaker 1: American zone laws, but you can find plenty of it
• 1:12:02
  Speaker 1: in Hong Kong and Shanghai and all over Hongzhu and
• 1:12:05
  Speaker 1: all over China, and again in Dubai, and and and
• 1:12:09
  Speaker 1: some in other Arab countries who are bringing the most
• 1:12:13
  Speaker 1: talented Western architects in there. There's there's amazing modern architecture
• 1:12:18
  Speaker 1: all over the United States.
• 1:12:21
  Speaker 2: There really is.
• 1:12:22
  Speaker 1: And i ran It was a huge fan of good
• 1:12:24
  Speaker 1: modern architecture, right. She was a big fan of Frank Cloud. Right,
• 1:12:27
  Speaker 1: and think about how it wrot. Think about the fountain It.
• 1:12:31
  Speaker 1: If you haven't read the Fountain It read the fountain
• 1:12:33
  Speaker 1: in Iran despised the idea of building like they did
• 1:12:41
  Speaker 1: in Greece and Rome, because they built it in Greece
• 1:12:43
  Speaker 1: and Rome. The whole point of the fountain Head is
• 1:12:46
  Speaker 1: the idea of progress and independence and and and the
• 1:12:50
  Speaker 1: creation of something new. And from an architectural perspective, building
• 1:12:55
  Speaker 1: the architecture around the materials that are available to you today.
• 1:13:00
  Speaker 2: You don't build a modern building.
• 1:13:02
  Speaker 1: With steel and glass and concrete the same way as
• 1:13:07
  Speaker 1: you build a Greek building, which is great for its time.
• 1:13:11
  Speaker 1: But the materials they had were extraordinary limited. The knowledge
• 1:13:16
  Speaker 1: they had of engineering was extraordinary limited. And yet we
• 1:13:19
  Speaker 1: should restrain down all of itage engineering, not use new
• 1:13:24
  Speaker 1: amazing materials because we have to fit into the style
• 1:13:27
  Speaker 1: of people who did things the way they did it
• 1:13:29
  Speaker 1: two thousand years ago.
• 1:13:31
  Speaker 2: It is barbarism.
• 1:13:40
  Speaker 1: So it's a false alternative to present it as the
• 1:13:47
  Speaker 1: worst of modernity versus Greek architecture. No, there's good modernity.
• 1:13:52
  Speaker 1: There's good modern architecture, and that should be the standard
• 1:13:58
  Speaker 1: good modern architecture. And it's again disgusting and pathetic that
• 1:14:10
  Speaker 1: this is what the conservative movement stands with. The Conservatives
• 1:14:13
  Speaker 1: they love tradition, they love the past. They're not about
• 1:14:17
  Speaker 1: the future. They're not about growth, they're not about new,
• 1:14:20
  Speaker 1: they're not about bold, they're not about they're not about exciting.
• 1:14:27
  Speaker 1: They're about the past. They're about the same. They're about tradition,
• 1:14:32
  Speaker 1: they're about mimicking the past.
• 1:14:39
  Speaker 2: All right, that is the news.
• 1:14:41
  Speaker 1: So September ninth, twenty twenty five, Yeah, we can do
• 1:14:48
  Speaker 1: a whole show on architecture, right, So.
• 1:15:01
  Speaker 2: You can.
• 1:15:02
  Speaker 1: You can argue about the various modern buildings being erected, right,
• 1:15:07
  Speaker 1: whether they're good or not.
• 1:15:10
  Speaker 5: But you know.
• 1:15:12
  Speaker 1: That to build Greek enrollment buildings is stupid and dumb
• 1:15:17
  Speaker 1: and wrong esthetically, morally, intellectually, philosophically, economically, functionally wrong, so
• 1:15:27
  Speaker 1: let's make modern architecture better. But to defend this, this
• 1:15:35
  Speaker 1: executive orded by Donald Trump, it really is pathetic, really
• 1:15:41
  Speaker 1: is pathetic. This is much worse than building a bad
• 1:15:47
  Speaker 1: modern building. A bad modern building is at least trying
• 1:15:51
  Speaker 1: to do something new and something different. Building a Greek
• 1:15:58
  Speaker 1: of Roman is surrendering to the past, surrendering to tradition.
• 1:16:05
  Speaker 1: The argument should be about making modern better. That's what
• 1:16:09
  Speaker 1: the focus should be, that's where the energy should be.
• 1:16:15
  Speaker 1: But again, you want to see great architecture, go to China, innovative, interesting, exciting, groundbreaking.
• 1:16:24
  Speaker 1: Some of it doesn't work, so that you go, yeah,
• 1:16:27
  Speaker 1: that doesn't work. But at least they're trying. At least
• 1:16:29
  Speaker 1: it's interesting. At least somebody is trying something new.
• 1:16:37
  Speaker 2: And of course.
• 1:16:40
  Speaker 1: It's very fascist in a sense that, yeah, let's dictate
• 1:16:45
  Speaker 1: architecture from above.
• 1:16:47
  Speaker 2: That does sounds familiar, Right, Let's.
• 1:16:49
  Speaker 1: Have a national architect that dictates architecture from above. All right,
• 1:17:00
  Speaker 1: we will now move to your super chet questions you
• 1:17:02
  Speaker 1: could ask in the super chat. We've done pretty well
• 1:17:06
  Speaker 1: right now in the second hour. We're about sixty two
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• 1:17:14
  Speaker 2: Yesterday we.
• 1:17:16
  Speaker 1: Made it into we made our goal and that was great.
• 1:17:20
  Speaker 1: We actually almost made it into the third hour.
• 1:17:22
  Speaker 2: We didn't.
• 1:17:23
  Speaker 1: We did two hours, but we made our second our goal. Today,
• 1:17:27
  Speaker 1: we've got a good number of twenty and fifty dollars questions,
• 1:17:30
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• 1:17:57
  Speaker 2: Great because you get to dictate, You get to dickate
• 1:18:01
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• 1:18:07
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• 1:18:12
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  Speaker 1: the Trump administration. Mary Ellen, thank you for the stick
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  Speaker 1: All right, let's check out the questions. Let's start with
• 1:22:12
  Speaker 1: Harpa Campbell, who has a fifty dollars question. Happer says
• 1:22:17
  Speaker 1: a barrier to persuading people of objectivism is they believe
• 1:22:21
  Speaker 1: our philosophy expects too much of people, that it's unrealistic
• 1:22:26
  Speaker 1: for everyone to be self sufficient long range thinkers, and
• 1:22:29
  Speaker 1: it's cool to expect something that can never be lived
• 1:22:32
  Speaker 1: up to.
• 1:22:32
  Speaker 2: I mean, I think that's right.
• 1:22:34
  Speaker 1: I think the biggest, one of the biggest problems we
• 1:22:36
  Speaker 1: have in convincing people is their own lack of self esteem.
• 1:22:40
  Speaker 1: And remember they're projecting on other people what they feel
• 1:22:43
  Speaker 1: about themselves. I mean, there is a deep, deep, deep
• 1:22:47
  Speaker 1: sense in which capitalism requires a people of self esteem.
• 1:22:56
  Speaker 1: Like people have to have the confidence, the wherewithal, the
• 1:23:02
  Speaker 1: knowledge that they are capable of surviving, doing well, flourishing
• 1:23:08
  Speaker 1: when they are free, that they don't need a government
• 1:23:14
  Speaker 1: run safety in it, that they don't need to be
• 1:23:17
  Speaker 1: regulated you or to behave properly. They have to have
• 1:23:21
  Speaker 1: the confidence that they can be successful and that they
• 1:23:28
  Speaker 1: can't be moral, that they won't be seduced, that they
• 1:23:33
  Speaker 1: won't be by short term.
• 1:23:36
  Speaker 2: You know, whims and seductions.
• 1:23:41
  Speaker 1: And I think a lot of people don't have don't
• 1:23:44
  Speaker 1: have that self esteem.
• 1:23:46
  Speaker 2: It reminds me even a morality, you know.
• 1:23:49
  Speaker 1: The whole was that Ben Shapiro's criticism of selfishness as
• 1:23:56
  Speaker 1: what about the goal? You know, if you're selfish, you're
• 1:23:59
  Speaker 1: going to go with every lot at the bar who
• 1:24:01
  Speaker 1: wants to sleep with you, You're going to go sleep
• 1:24:03
  Speaker 1: with her because your immediate whims are more important to you.
• 1:24:09
  Speaker 1: If you're selfish, then your long term values. But that
• 1:24:16
  Speaker 1: kind of attitude is an attitude of somebody who doesn't
• 1:24:19
  Speaker 1: trust himself. Is an attitude that needs a god to
• 1:24:23
  Speaker 1: sit over him saying, oh, I'm.
• 1:24:26
  Speaker 2: Going to get you. If you do that, I'm going
• 1:24:28
  Speaker 2: to get you.
• 1:24:29
  Speaker 1: That can't actually trust their own rationality, can't actually trust
• 1:24:32
  Speaker 1: their own.
• 1:24:33
  Speaker 2: Values to guide their own life. And it's the same here.
• 1:24:39
  Speaker 1: You know, people who don't have the confidence that they
• 1:24:41
  Speaker 1: can economically, but really in terms of just living that
• 1:24:46
  Speaker 1: they don't have the ability to live unless it's guided
• 1:24:49
  Speaker 1: by other people, unless they have a safety need provided
• 1:24:54
  Speaker 1: by the government, unless somebody makes it you know, regulates
• 1:24:59
  Speaker 1: them that they don't misbehave. It's like God sitting above
• 1:25:02
  Speaker 1: you making sure you don't misbehave at the bar. Here
• 1:25:05
  Speaker 1: is a government sitting somewhere there making sure you don't
• 1:25:08
  Speaker 1: misbehave in your business. Yeah, capitalism requires self esteem, and
• 1:25:15
  Speaker 1: self esteem requires a morality of egoism. And you're not
• 1:25:21
  Speaker 1: going to persuade people of objectivism if they don't have
• 1:25:25
  Speaker 1: at least the willingness to try to find that self esteem,
• 1:25:32
  Speaker 1: to engage in that part of them. If they're cowardly,
• 1:25:36
  Speaker 1: if they are cowards, they're not gonna they're not going
• 1:25:41
  Speaker 1: to embrace objectivism. They're not gonna embrace capitalism. Capitalism, I mean,
• 1:25:46
  Speaker 1: objectivism is demanding. It's demanding. It's demanding you take yourself
• 1:25:51
  Speaker 1: into seriously. It demands that you take your life seriously.
• 1:25:55
  Speaker 1: It demands that you pursue yourself interest ruthlessly. It demands
• 1:26:00
  Speaker 1: that you don't give into your emotions on a whim.
• 1:26:03
  Speaker 1: It demands that you live with the capital l.
• 1:26:09
  Speaker 2: Yeah.
• 1:26:10
  Speaker 1: Absolutely, it is a demanding and this is why it's
• 1:26:14
  Speaker 1: going to take a long time to get the culture.
• 1:26:19
  Speaker 2: On board.
• 1:26:21
  Speaker 1: Not gonna be easy, David says, so many similarities between
• 1:26:27
  Speaker 1: the left and the rights policies. Do you now admit
• 1:26:30
  Speaker 1: the horseshoe theory has its merits? No, because it's it's
• 1:26:35
  Speaker 1: it's I don't know what hushshoe means. It's not a theory.
• 1:26:39
  Speaker 1: I've explained this, I've given an explaination for this for
• 1:26:42
  Speaker 1: twenty years. I've said, to left and the right are
• 1:26:44
  Speaker 1: the same. I don't need a horseshoe theory for that.
• 1:26:49
  Speaker 1: I've said there's only one spectrum in politics. I've said
• 1:26:54
  Speaker 1: this for a long long time, and I man really
• 1:26:56
  Speaker 1: said it, and I said, this is not original to me.
• 1:26:59
  Speaker 1: There's one spectru in politics individualism, collectivism, capitalism, statism, and
• 1:27:07
  Speaker 1: then left and right, both collectivists and both statisms. Now,
• 1:27:12
  Speaker 1: this part, the collectivist part, has lots of branches.
• 1:27:16
  Speaker 2: It looks like an arrow.
• 1:27:18
  Speaker 1: The individualist is the is the tip of the arrow, sharp,
• 1:27:22
  Speaker 1: one directional. There's only one path to individualism. But collectivism
• 1:27:28
  Speaker 1: is where the arrow has the feather. There are lots
• 1:27:30
  Speaker 1: of branches. There are lots of kinds of collectivism. There's
• 1:27:34
  Speaker 1: a right wing collectivism and left wing collectivism, and some
• 1:27:37
  Speaker 1: right with collectivism is fascist and some right we collectivism
• 1:27:41
  Speaker 1: is racist, and some right wind collectivism is tribalists, and
• 1:27:45
  Speaker 1: they overlap because of all white wing collectivism, and some
• 1:27:48
  Speaker 1: left wing collectivism is an out and out communist, and
• 1:27:50
  Speaker 1: some of it is Denmark collects socialists, and some of
• 1:27:53
  Speaker 1: it is out and out new kind of socialist, and
• 1:27:56
  Speaker 1: some of it is racist, woke racist. But they're all collectivists,
• 1:28:01
  Speaker 1: and they're all overlapping, and they're all similar and all
• 1:28:04
  Speaker 1: the same because they're all collectivists and all on that
• 1:28:06
  Speaker 1: side of the political spectrum. So it's not a horseshoe
• 1:28:11
  Speaker 1: with the moderates over here and bending the two extremes
• 1:28:16
  Speaker 1: to be the same.
• 1:28:17
  Speaker 2: That's ridiculous.
• 1:28:18
  Speaker 1: I mean, there's essential which is an't you, But then
• 1:28:20
  Speaker 1: there's an arrow, there's a straight line coming out, and
• 1:28:26
  Speaker 1: the straight line is the line towards individualism. So again,
• 1:28:32
  Speaker 1: the correct way to think about the political map is.
• 1:28:35
  Speaker 2: Not the horseshoe theory.
• 1:28:37
  Speaker 1: That is a corrupt way of looking at The correct
• 1:28:39
  Speaker 1: way is to look at it as collectivism individualism. There
• 1:28:43
  Speaker 1: are lots of collectivists, some of them are right wings,
• 1:28:46
  Speaker 1: some of them us left wing, but they're all collectivists.
• 1:28:48
  Speaker 1: And since they are collectivists, and since collectivism implies statism,
• 1:28:56
  Speaker 1: then they're gonna be similar because activism is similar.
• 1:29:01
  Speaker 2: It's just the question of which group and statism is similar.
• 1:29:04
  Speaker 1: You want a powerful state, it's just no matter what
• 1:29:06
  Speaker 1: you regulate.
• 1:29:12
  Speaker 2: So again I agree.
• 1:29:16
  Speaker 1: I've always said, always, always, always said that the lefts
• 1:29:19
  Speaker 1: and rights policies are the same. This is why, you know,
• 1:29:23
  Speaker 1: when everybody gets so upset about the left and you
• 1:29:25
  Speaker 1: know you have to vote for the right because they're
• 1:29:27
  Speaker 1: better than the left, I go, eh, really, they're just
• 1:29:30
  Speaker 1: the same. They're all the same. They are the same
• 1:29:33
  Speaker 1: basic policies. So it's not I do not admit that
• 1:29:50
  Speaker 1: tholshoe theory has his medicine. I have a much better theory. Well,
• 1:29:55
  Speaker 1: I aint Vander has a much better theory that explains
• 1:29:57
  Speaker 1: the same phenomena and fits so much tomorrow, because you
• 1:30:01
  Speaker 1: know what alternative is.
• 1:30:01
  Speaker 2: The alternative is not the bend in the horseshoe.
• 1:30:04
  Speaker 1: The alternative is way over here individualism, which is fundamentally
• 1:30:08
  Speaker 1: different in every respect from the modern right and the
• 1:30:14
  Speaker 1: modern left. And yeah, there are some old style conservatives
• 1:30:18
  Speaker 1: that are a little bit in our direction. They're not
• 1:30:20
  Speaker 1: on the horseshoeing, you know, they're off, they're not in
• 1:30:24
  Speaker 1: the collectivist of Benching. They were a little bit of
• 1:30:26
  Speaker 1: an individualism. They're not quite individualist and a little bit
• 1:30:29
  Speaker 1: of poor markets. They are completely statists and they're on
• 1:30:33
  Speaker 1: their way. And then the classical liberals, and then there's objectivism.
• 1:30:37
  Speaker 1: So it's a nice line with the splintering at the
• 1:30:41
  Speaker 1: edge to the collectivist to catch Thank you David in
• 1:30:45
  Speaker 1: another fifty dollars from David.
• 1:30:47
  Speaker 2: How does stagflation happen?
• 1:30:50
  Speaker 1: Well, I mean stagflation is usually the consequence of inflation.
• 1:30:56
  Speaker 1: I mean there is this story that kind of Cameians
• 1:31:01
  Speaker 1: tell that you flood the market with money causes the
• 1:31:06
  Speaker 1: economy to grow because the money starts circulating and people
• 1:31:09
  Speaker 1: are buying and buying, and production happens.
• 1:31:12
  Speaker 2: They want to satisfy the demand.
• 1:31:14
  Speaker 1: Of people, and that production creates more economic activities. The
• 1:31:17
  Speaker 1: economy grows as inflation grows. But that is completely unsustainable
• 1:31:24
  Speaker 1: because the reality is that inflation is devastating for the
• 1:31:29
  Speaker 1: planning of production. It's state devastating for entrepreneurs, for innovation,
• 1:31:34
  Speaker 1: and for economic long term planning. So ultimately, and sometimes
• 1:31:39
  Speaker 1: right at the beginning, inflation cripples production. She keeps bumping
• 1:31:45
  Speaker 1: more money into the economy. Prices go up as a consequence,
• 1:31:51
  Speaker 1: but production does not, profits do not. Growth in business
• 1:31:58
  Speaker 1: does not. Because businessmen don't know how to price things.
• 1:32:03
  Speaker 1: The pricing signal is broken.
• 1:32:06
  Speaker 2: They don't know.
• 1:32:08
  Speaker 1: How to think in terms of the future. What a
• 1:32:11
  Speaker 1: price is going to be in the future, What is
• 1:32:13
  Speaker 1: value going to be in the future. What should my
• 1:32:15
  Speaker 1: discount rate be to today? What are my cash flow
• 1:32:18
  Speaker 1: is going to be expected in the future. Because inflation
• 1:32:21
  Speaker 1: is completely messes all of that up, and therefore they
• 1:32:26
  Speaker 1: stop producing, or they produce less, or they only produce
• 1:32:29
  Speaker 1: in the short run without planning for the long run,
• 1:32:32
  Speaker 1: and that cripples economic growth. And that's the stagnation part.
• 1:32:36
  Speaker 1: And you have inflation with stagnation. But ultimately, I think
• 1:32:40
  Speaker 1: every inflation lands up being a form of stagflation. Every
• 1:32:45
  Speaker 1: inflation ultimately involves stagnation in real terms, because inflation.
• 1:32:54
  Speaker 2: Destroys the productive process.
• 1:32:57
  Speaker 1: It destroys the capacity to plan, It destroys planning for
• 1:33:01
  Speaker 1: the future, It destroys entrepreneurship, innovation.
• 1:33:06
  Speaker 2: And growth.
• 1:33:09
  Speaker 1: Growth needs means planning for the future, and you can't
• 1:33:12
  Speaker 1: because of inflation. David, another fifty dollars, Thank you. David,
• 1:33:21
  Speaker 1: that's two hundred dollars today. Thank you, thank you, Thank you.
• 1:33:24
  Speaker 1: David says have to go so we'll catch the rest
• 1:33:27
  Speaker 1: on the podcast. Glass to support YBS. Thank you, David.
• 1:33:29
  Speaker 1: Really appreciated from Costa Rica. And yeah, let me know
• 1:33:34
  Speaker 1: if you have any follow up questions to those questions.
• 1:33:37
  Speaker 1: Really appreciate the support. All Right, we're only eight dollars
• 1:33:41
  Speaker 1: away from reaching our second hour goal.
• 1:33:43
  Speaker 2: Eight dollars away. And by the way, thank you it's
• 1:33:47
  Speaker 2: economy for the sticker. Thank you about optimum.
• 1:33:50
  Speaker 1: Thank you, Mary Eleene, Thank you Alan. Let's see if
• 1:33:56
  Speaker 1: we had any other stickers. I don't know, did we
• 1:34:03
  Speaker 1: uh to the dumb to the dumb to the dumb
• 1:34:06
  Speaker 1: to the dumb.
• 1:34:09
  Speaker 2: No, that was it.
• 1:34:10
  Speaker 1: But you can now do a sticker and get us
• 1:34:12
  Speaker 1: to the eight dollars to the to the two hour goal.
• 1:34:15
  Speaker 2: Just with four to two dollars stickers. There's your goal
• 1:34:18
  Speaker 2: for two dollars stickers.
• 1:34:20
  Speaker 1: Dodo Bunny, do you expect things to get to get
• 1:34:23
  Speaker 1: dark ages bad or just no growth, mixed economy bad
• 1:34:27
  Speaker 1: or something in between.
• 1:34:28
  Speaker 2: Well, I mean there's short to medium run.
• 1:34:30
  Speaker 1: I expect no growth, mixed economy and then expect something
• 1:34:33
  Speaker 1: in between. I do not expect dark ages dark age
• 1:34:37
  Speaker 1: unless this guy with a nuclear catastrophe and nuclear war.
• 1:34:40
  Speaker 1: I don't expect dark ages. As I've often said, knowledge
• 1:34:44
  Speaker 1: is too dispersed. Even if the United States sinks and
• 1:34:48
  Speaker 1: destroys itself, there are plenty of other places around the
• 1:34:51
  Speaker 1: world where knowledge is being preserved, where civilization.
• 1:34:54
  Speaker 2: Can continue and can thrive.
• 1:34:57
  Speaker 1: Uh So.
• 1:35:00
  Speaker 2: I do not expect the dark ages anytime in the
• 1:35:04
  Speaker 2: short run. The long run, I just.
• 1:35:05
  Speaker 1: Don't expect it. I expect no growth, mixed economy, and
• 1:35:10
  Speaker 1: maybe great depression, like bad for a while, complete stagnation
• 1:35:14
  Speaker 1: after a crash, some kind of crash that lowers the
• 1:35:16
  Speaker 1: stand of living of everybody, and then really really low
• 1:35:19
  Speaker 1: growth for a long time. I expect it. It could
• 1:35:22
  Speaker 1: be bad, but I don't expect it. It goes away,
• 1:35:26
  Speaker 1: it goes away completely. But you know, we will, we
• 1:35:30
  Speaker 1: will see technology and knowledge. Ultimately, it's in knowledge that
• 1:35:37
  Speaker 1: what is necessary in order to preserve, to preserve civilization,
• 1:35:45
  Speaker 1: what you need is knowledge, and then knowledge makes it
• 1:35:48
  Speaker 1: possible to sustain technology. And even if we decide to
• 1:35:53
  Speaker 1: turn against AI and against robots and against mechanization and
• 1:35:58
  Speaker 1: against technology in this country, I don't know, some religious
• 1:36:02
  Speaker 1: zeal it Luodites comes to power fifty years from now
• 1:36:05
  Speaker 1: in America and burns all the you know, blows up
• 1:36:09
  Speaker 1: all the data centers that feed AI because AI is dangerous,
• 1:36:13
  Speaker 1: I mean, just making stuff up right science fiction. Then
• 1:36:17
  Speaker 1: somewhere else they will continue to do it. So again,
• 1:36:22
  Speaker 1: the dispersion of knowledge is incredibly beneficial. The fact that
• 1:36:27
  Speaker 1: it's not all dependent on Rome, on one place, on
• 1:36:31
  Speaker 1: one empire. The fact that the same knowledge is available
• 1:36:35
  Speaker 1: to everybody in the planet, no matter where you live,
• 1:36:38
  Speaker 1: you can access it. And even if the Internet goes down,
• 1:36:42
  Speaker 1: you know, plenty of people go to universities, plenty of
• 1:36:44
  Speaker 1: books are being read. All that knowledge is does exist.
• 1:36:48
  Speaker 1: It's not like the burning of the Library of Alexandria.
• 1:36:51
  Speaker 1: I don't think that will ever happen again.
• 1:36:54
  Speaker 2: That the real loss, the real loss of.
• 1:36:57
  Speaker 1: Knowledge, and then a glow philosophy Christianity, which it was
• 1:37:02
  Speaker 1: almost global, at least in the West, that despises knowledge
• 1:37:06
  Speaker 1: and despises science and despises inquiry and suppress us as
• 1:37:11
  Speaker 1: a consequence all progress, which is what happened during the
• 1:37:15
  Speaker 1: Dark Ages, right, Not your average algorithm, what's the tech
• 1:37:21
  Speaker 1: sect They're able to generate all this wealth before politicians
• 1:37:25
  Speaker 1: had any idea how to suppress it. Now that they
• 1:37:28
  Speaker 1: tech bros have all this wealth, they can lobby politicians
• 1:37:32
  Speaker 1: not to regulate them.
• 1:37:34
  Speaker 2: It's not how it works.
• 1:37:36
  Speaker 1: I mean again, politicians don't set out to destroy industries.
• 1:37:42
  Speaker 2: They don't set out to destroy wealth creation. They want
• 1:37:45
  Speaker 2: wealth creation.
• 1:37:45
  Speaker 1: Because they want to be able to tax it and
• 1:37:47
  Speaker 1: they want to be able to control it. Politicians set
• 1:37:51
  Speaker 1: out to regulate primarily because they want power over things,
• 1:37:54
  Speaker 1: and primarily because and often because something happens. Something bad happens,
• 1:38:00
  Speaker 1: on accident happens, and they need to be perceived as
• 1:38:03
  Speaker 1: doing something about it. A financial crisis happens, so they
• 1:38:06
  Speaker 1: need to be perceived as doing something about it, so
• 1:38:08
  Speaker 1: they regulate the banks. It's not like they regulate the
• 1:38:10
  Speaker 1: banks because they wanted to destroy banking. They don't.
• 1:38:14
  Speaker 2: That's not how they think.
• 1:38:17
  Speaker 1: They think they are doing good now they were veining,
• 1:38:21
  Speaker 1: but they think they're doing good and they do it
• 1:38:25
  Speaker 1: in you know, and the only way they can perceive
• 1:38:29
  Speaker 1: as doing good is by increasing their power. So it's
• 1:38:35
  Speaker 1: not that, oh, here's the tech industry, we can destroy
• 1:38:38
  Speaker 1: their wealth today.
• 1:38:39
  Speaker 2: Let's go do it.
• 1:38:40
  Speaker 1: They don't think that way at all. I mean they
• 1:38:43
  Speaker 1: think as ai AI can do all these negative things
• 1:38:48
  Speaker 1: and it can real bad things that can be a
• 1:38:50
  Speaker 1: product of AI. Or they think, oh, people committed suicide
• 1:38:54
  Speaker 1: after watching Facebook. We should regulate Facebook. We should protect
• 1:38:58
  Speaker 1: people from Facebook. Book is doing bad things to people.
• 1:39:01
  Speaker 1: Let's regulate Facebook. That's the sequence. So as long as
• 1:39:07
  Speaker 1: silicon value was small and the innovations did not have
• 1:39:15
  Speaker 1: perceived negative effects on people, politicians just stay clear of it.
• 1:39:20
  Speaker 1: And you could argue that actually some of the laws
• 1:39:24
  Speaker 1: that they passed in attempts to define property rights and
• 1:39:28
  Speaker 1: in attempts to.
• 1:39:31
  Speaker 2: If you will regulate.
• 1:39:32
  Speaker 1: Lawsuits around the internet, we're pretty good, actually, because I
• 1:39:37
  Speaker 1: think they often they're trying to do what they think
• 1:39:43
  Speaker 1: is good. We're pretty good. But then some negative consequences happens,
• 1:39:48
  Speaker 1: like I don't know, everybody gets pissed off on Twitter
• 1:39:50
  Speaker 1: because conservatives get banned on Twitter years ago. Let's get
• 1:39:53
  Speaker 1: rid of section one was it two thirty, which is
• 1:39:56
  Speaker 1: actually a good section.
• 1:39:57
  Speaker 2: It's good, it's a good policy.
• 1:39:59
  Speaker 1: Let's get rid of it, and let's regulate social media
• 1:40:06
  Speaker 1: because there's a sieved em.
• 1:40:10
  Speaker 2: And it's also not true that wealth prevents regulation. I mean,
• 1:40:15
  Speaker 2: you know, what's his name.
• 1:40:16
  Speaker 1: Rockefeller was very wealthy when they broke him up. Lots
• 1:40:21
  Speaker 1: of businesses, most big businesses were very, very large and
• 1:40:26
  Speaker 1: significant when they were regulated. And tech will be regulated.
• 1:40:30
  Speaker 1: The thing that their wealth allows them to do will
• 1:40:34
  Speaker 1: be to help shape the regulation, but it won't prevent
• 1:40:37
  Speaker 1: the regulation from happening, and it won't.
• 1:40:42
  Speaker 2: AI will be regulated.
• 1:40:43
  Speaker 1: It will be regulated differently under Donald Trump because he
• 1:40:46
  Speaker 1: has different goals around it than under Democrats, but it
• 1:40:50
  Speaker 1: will be regulated. It already is regulated, and of course
• 1:40:55
  Speaker 1: tech is regulated a variety of different ways today. But
• 1:40:59
  Speaker 1: again you're imputing to politicians motivations that maybe they have
• 1:41:05
  Speaker 1: in secret. You know, maybe some of them deep down
• 1:41:08
  Speaker 1: just want to destroy wealth. But the number of nihilists
• 1:41:12
  Speaker 1: is relatively small. Suddenly explosive nihilists and their own mind explosives.
• 1:41:17
  Speaker 1: Most of them are just evaders. Most of them are
• 1:41:19
  Speaker 1: just power lusting evaders. Clark, the individualists are losing left
• 1:41:27
  Speaker 1: and right a collectivists. Absolutely, they're the ones winning elections,
• 1:41:31
  Speaker 1: and they share the same premise premises.
• 1:41:34
  Speaker 2: The left is consistent with them.
• 1:41:36
  Speaker 1: The right is hypocritical about them, hypocritical about them, well,
• 1:41:40
  Speaker 1: I mean the right is consistent with them as well.
• 1:41:42
  Speaker 1: The modern right is suddenly consistent with them. The modern
• 1:41:45
  Speaker 1: right has no problems with the collectivistic premises. But yeah,
• 1:41:50
  Speaker 1: I just describe that, and I agree with you completely
• 1:41:54
  Speaker 1: fee and focused in Star Trek, Prime director prevents giving
• 1:41:58
  Speaker 1: advanced techtive barbaric societies.
• 1:42:01
  Speaker 2: Is there something to this?
• 1:42:03
  Speaker 1: How dangerous are the products of the mind in the
• 1:42:05
  Speaker 1: hands of those who reject the supremacy of the mind.
• 1:42:07
  Speaker 1: I mean, they're very dangerous, and there's absolutely something to it.
• 1:42:10
  Speaker 1: It's why the world, the civilized world, should have protected
• 1:42:15
  Speaker 1: prevented North Korea from accessing a bomb, right, They should
• 1:42:21
  Speaker 1: have prevented them from getting nuclear weapons, and they should
• 1:42:24
  Speaker 1: have bombed them ruthlessly to prevent it. It is why
• 1:42:30
  Speaker 1: it's right for the civilized world to prevent Iran from
• 1:42:33
  Speaker 1: getting a bomb. You do not want barbarians to have
• 1:42:38
  Speaker 1: a weapon that can destroy the planet, can destroy maybe
• 1:42:42
  Speaker 1: not the planet, millions of people in the planet, and
• 1:42:48
  Speaker 1: particularly people who have expressed a willingness to use it.
• 1:42:51
  Speaker 2: So it's too late with North Korea, but it's not
• 1:42:54
  Speaker 2: too late with Iran.
• 1:42:56
  Speaker 1: You've got to stop them from getting it say yes,
• 1:42:59
  Speaker 1: there's something can all jeez that that the bad guys
• 1:43:03
  Speaker 1: should be barred from having. And this is why I
• 1:43:08
  Speaker 1: was in favor on some limited restrictions on tech sold
• 1:43:12
  Speaker 1: to China. If that tech it can be obviously used
• 1:43:15
  Speaker 1: for military purposes. You do not want the Chinese military
• 1:43:21
  Speaker 1: to keep up with American military. You want to have
• 1:43:23
  Speaker 1: an advantage, and you don't want to sell them the
• 1:43:25
  Speaker 1: tools by which they will kill you with. All right,
• 1:43:44
  Speaker 1: jennifer'sis do you think it can be valid to say
• 1:43:46
  Speaker 1: I laugh so I don't cry. You should take ideas seriously,
• 1:43:50
  Speaker 1: of course, but sometimes make fun of bad things to
• 1:43:52
  Speaker 1: help your brain cope.
• 1:43:55
  Speaker 2: Yeah, I do think.
• 1:43:56
  Speaker 1: I mean it's a kind of a last result in
• 1:43:58
  Speaker 1: a sense. But yeah, yeah, I think sometimes things get
• 1:44:02
  Speaker 1: so ridiculous, so evil, so pathetic, so nutty that saying
• 1:44:08
  Speaker 1: you know, I gotta laugh because otherwise I'll cry is
• 1:44:10
  Speaker 1: a legitimate thing to say, even if it's not completely
• 1:44:13
  Speaker 1: accurate in terms of what it actually reflects and what
• 1:44:17
  Speaker 1: it actually means. All right, let's see. Yeah. I want
• 1:44:27
  Speaker 1: to remind you that the best way to support you
• 1:44:30
  Speaker 1: on book show is through a monthly contribution on Patreon
• 1:44:33
  Speaker 1: dot com. You know, just go to Patreon patreon dot
• 1:44:38
  Speaker 1: com and type in your on Book show and become
• 1:44:42
  Speaker 1: a monthly support, regular support of the youon Book Show,
• 1:44:45
  Speaker 1: or become a member here on YouTube. These are the
• 1:44:48
  Speaker 1: best ways to support the show, in addition to asking
• 1:44:51
  Speaker 1: questions in the super chat.
• 1:44:53
  Speaker 2: But it is it is a great way, all right.
• 1:44:56
  Speaker 1: We're done with the twenty and fifty dollars questions. We're
• 1:44:58
  Speaker 1: now down to the ten and five and two. You
• 1:45:01
  Speaker 1: can still ask questions, particularly if they're in the twenty
• 1:45:05
  Speaker 1: plus range, and I will stay here and answer them all.
• 1:45:10
  Speaker 1: We've already made our second hour goal, but we might
• 1:45:12
  Speaker 1: go into third hour and then then I'll be asking
• 1:45:15
  Speaker 1: you for more, all right. By the way, if you
• 1:45:20
  Speaker 1: do ten dollars a month or more on Patreon, you
• 1:45:24
  Speaker 1: get a RSM feed, You get a feed, a podcast
• 1:45:28
  Speaker 1: feed with no commercials. You get to be able to
• 1:45:31
  Speaker 1: listen to podcasts with no commercials for ten dollars or
• 1:45:34
  Speaker 1: more on Patreon, only on Patreon, So check out Patreon.
• 1:45:39
  Speaker 2: If that is of interest to you, it should.
• 1:45:41
  Speaker 1: Be to all my podcast listeners. You should all be
• 1:45:44
  Speaker 1: on Patreon. It should all be a ten dollars so
• 1:45:47
  Speaker 1: that you can get the commercial free so much better.
• 1:45:52
  Speaker 2: Liam says, does having evil thoughts make you evil?
• 1:45:56
  Speaker 1: No? No, I mean it's worth thinking about why you're
• 1:45:59
  Speaker 1: having the thoughts, and because the evil thoughts could create
• 1:46:03
  Speaker 1: psychological angst and conflict. But no, just having the thought
• 1:46:08
  Speaker 1: does not make you evil. It's acting on them or
• 1:46:10
  Speaker 1: taking them seriously that makes you evil. But if you
• 1:46:15
  Speaker 1: know they're evil and you dismiss them, you're fine. Psychologically.
• 1:46:19
  Speaker 1: You want to find the origin of those thoughts you
• 1:46:21
  Speaker 1: want to think about. You want to figure out the
• 1:46:23
  Speaker 1: introspection and therapy why you're having them, so you can
• 1:46:26
  Speaker 1: get rid of them, because they're not healthy. James Trump
• 1:46:31
  Speaker 1: looks like he's fading cognitively. Isn't too old to do
• 1:46:34
  Speaker 1: real damage?
• 1:46:37
  Speaker 2: I don't.
• 1:46:37
  Speaker 1: I don't. I don't think that's right because I think
• 1:46:40
  Speaker 1: given his ability to basically do whatever the hell he
• 1:46:45
  Speaker 1: wants and to control the Republican Party said they will
• 1:46:47
  Speaker 1: do whatever the hell he wants, his fading cognitively makes.
• 1:46:50
  Speaker 2: Him more and more and more dangerous because nobody will
• 1:46:55
  Speaker 2: say no to him.
• 1:46:57
  Speaker 1: Literally, nobody in the Republican Party says no to Donald Trump,
• 1:47:01
  Speaker 1: so he could be senile and a raving lunatic, which
• 1:47:05
  Speaker 1: he already is, arguably, and he could get away with
• 1:47:09
  Speaker 1: murder and nobody's going to challenge him. As he said
• 1:47:13
  Speaker 1: in twenty sixteen, he could shoot somebody in the middle
• 1:47:15
  Speaker 1: of Fifth Avenue and it wouldn't change anything. I think
• 1:47:19
  Speaker 1: that's true, and it's even more so today. And if
• 1:47:23
  Speaker 1: he's a raving lunatic, bad thing, he could do really
• 1:47:26
  Speaker 1: bad things and nobody will stop him.
• 1:47:29
  Speaker 2: Michael.
• 1:47:30
  Speaker 1: Larry Salizman seems pretty confident in the Court's ability to
• 1:47:34
  Speaker 1: prevent authoritarianism, but it does seem our institutions are not
• 1:47:38
  Speaker 1: shutting from down like they should be. Well, Congress isn't
• 1:47:42
  Speaker 1: Congress is complete failure, there's no question about that.
• 1:47:45
  Speaker 2: But we don't know yet about the courts.
• 1:47:49
  Speaker 1: Again, the district courts and the pelic courts are doing
• 1:47:52
  Speaker 1: their job and now it's going to be up to
• 1:47:54
  Speaker 1: Supreme Court, and we won't know for another six months
• 1:47:56
  Speaker 1: a year if the Supreme Court is doing its job
• 1:47:59
  Speaker 1: or not. So I don't I think it's too early
• 1:48:02
  Speaker 1: to make that judgment, Michael. And we're not We're not
• 1:48:08
  Speaker 1: athbitarian yet. This is not authoritarianism. You know, he's an
• 1:48:13
  Speaker 1: authoritarian president. But there's no reason to believe there will
• 1:48:16
  Speaker 1: be no election in twenty six. There's no reason to
• 1:48:22
  Speaker 1: believed there won't be an election in twenty twenty eight.
• 1:48:28
  Speaker 2: We have not.
• 1:48:30
  Speaker 1: We have not, you know, moved into We're now a dictatorship.
• 1:48:34
  Speaker 1: We're not there. Edwick says, how would israel Is really
• 1:48:41
  Speaker 1: public react at the end of the war to the
• 1:48:43
  Speaker 1: murder of the remaining hostages. I made me horrified. To
• 1:48:48
  Speaker 1: what extent would they take it out in Antenniao and
• 1:48:50
  Speaker 1: blame him for it?
• 1:48:51
  Speaker 2: I don't know.
• 1:48:52
  Speaker 1: Certainly, a big segment of the Israeli public hates na
• 1:48:56
  Speaker 1: Tenniel has always hated Natennio, and I think that segment
• 1:48:59
  Speaker 1: of the public has only grown since October seventh. And
• 1:49:03
  Speaker 1: sometimes his popularity increases, like the success with Iran or
• 1:49:08
  Speaker 1: the success with Hisbela, but then it plummets again around
• 1:49:11
  Speaker 1: his indecision about Gaza. And remember I advocated for taking
• 1:49:17
  Speaker 1: over Gaza and doing everything they're doing right now to
• 1:49:19
  Speaker 1: pretty much, you know, twenty two months ago. And it
• 1:49:23
  Speaker 1: should have been done twenty two months ago, not now.
• 1:49:25
  Speaker 1: This is the point that the son of Ramas is making.
• 1:49:28
  Speaker 1: I advocated for killing Ramas's leaders in Qatar twenty two
• 1:49:32
  Speaker 1: months ago. All of this stuff should have happened then,
• 1:49:36
  Speaker 1: not now, and we wouldn't be in the situation we
• 1:49:39
  Speaker 1: are now. So I think a lot of these really
• 1:49:41
  Speaker 1: public will turn against Natonio. But then again, he is
• 1:49:45
  Speaker 1: such a political animal. He manages to.
• 1:49:47
  Speaker 2: Survive no matter what. So who knows not to have
• 1:49:52
  Speaker 2: a j algorithm?
• 1:49:53
  Speaker 1: If Florida were to eliminate property taxes, would that make
• 1:49:57
  Speaker 1: it by far the free of state?
• 1:49:59
  Speaker 2: Do you see other Republican governors copying it? Would you
• 1:50:02
  Speaker 2: consider retiring there? No, I don't like Florida. I mean
• 1:50:05
  Speaker 2: taxes only one.
• 1:50:06
  Speaker 1: If I'm going to live in Florida, might as well
• 1:50:08
  Speaker 1: just live in Puerto Rico, where still pay less taxes
• 1:50:11
  Speaker 1: than Florida.
• 1:50:15
  Speaker 2: Taxesn't one. I don't like Florida.
• 1:50:17
  Speaker 1: I don't There's a lot. I don't like the weather.
• 1:50:20
  Speaker 1: I don't like the flatness. I don't like the fact
• 1:50:23
  Speaker 1: that it's such a magnet for old people, even though
• 1:50:25
  Speaker 1: I'm one of them. But I want to be in
• 1:50:29
  Speaker 1: a place with lots of young people, not in a
• 1:50:31
  Speaker 1: place with a bunch of old people.
• 1:50:33
  Speaker 2: But would it make it by father free of state? Probably?
• 1:50:39
  Speaker 2: It's it's it's close anyway, it's in the top five.
• 1:50:42
  Speaker 1: I think it's those regulations in taxes and so on.
• 1:50:46
  Speaker 1: This would and again it depends on whether they have
• 1:50:49
  Speaker 1: to increase other taxes in order to make up for
• 1:50:51
  Speaker 1: the for the for the shortfall, right, So it depends
• 1:50:55
  Speaker 1: what your total tax burden is. But getting rid of
• 1:50:59
  Speaker 1: popping Texas and big deal, you know there's some great
• 1:51:02
  Speaker 1: well other Republicans governors copying it. I don't think so
• 1:51:07
  Speaker 1: because other Republican governments, again, they're all challenged by the
• 1:51:10
  Speaker 1: fact that they're not cutting spending. So if you don't
• 1:51:15
  Speaker 1: cut spending, where are you going to get the revenue
• 1:51:17
  Speaker 1: to cover everything you want to spend money on. If
• 1:51:19
  Speaker 1: you cut a major tax, where do you get the money?
• 1:51:25
  Speaker 2: So they have to find an alternative. So I don't
• 1:51:30
  Speaker 2: think a lot of governors are going to copy it.
• 1:51:31
  Speaker 1: It would be great if they did. You know, By
• 1:51:33
  Speaker 1: the way, California, because of a proposition passed in nineteen
• 1:51:38
  Speaker 1: seventy eight seventy seven seventy eight, has cap property taxes,
• 1:51:44
  Speaker 1: so your property taxes cannot be increased. So it's set
• 1:51:46
  Speaker 1: by the purchase price. So if you bought property in
• 1:51:52
  Speaker 1: California a long time ago. Your property taxes are very low.
• 1:51:55
  Speaker 1: My property taxes in California were very low, so in
• 1:52:00
  Speaker 1: comparison probably Texas. In California probably lower than significantly lower
• 1:52:04
  Speaker 1: than Texas, and lower than Florida.
• 1:52:06
  Speaker 2: Right now.
• 1:52:07
  Speaker 1: Now Florida will eliminate them, so it'll be low in Florida.
• 1:52:09
  Speaker 1: But you know, in California it's low. And you know, again,
• 1:52:20
  Speaker 1: how are they going to how are they going to
• 1:52:21
  Speaker 1: make up for the revenue shortfall? That's what I want
• 1:52:23
  Speaker 1: to know. Henry says, Hi, you and I'm weighing up
• 1:52:28
  Speaker 1: taking a year out to travel. I'm concerned about returning
• 1:52:34
  Speaker 1: on a lower salary, regressing in my career. Welcome thoughts.
• 1:52:38
  Speaker 1: Hope to see you again when you're next in the UK. Look,
• 1:52:42
  Speaker 1: it's hard for me to say because I don't know
• 1:52:44
  Speaker 1: what career you in. I don't know what the prospects are,
• 1:52:48
  Speaker 1: I don't know all of that. I don't know how
• 1:52:49
  Speaker 1: old you are. So hard for me, just because sorry,
• 1:52:53
  Speaker 1: but I can't remember people. So even though I met you,
• 1:52:57
  Speaker 1: I don't remember. So yeah, so.
• 1:53:09
  Speaker 2: It's so I don't know.
• 1:53:13
  Speaker 1: But generally I'm in favor of taking a year off
• 1:53:15
  Speaker 1: and traveling and putting that on your resume and adding
• 1:53:21
  Speaker 1: that as a kind of a making you more well rounded.
• 1:53:27
  Speaker 1: And I don't know that it's going to slow you
• 1:53:30
  Speaker 1: down regress your career. It's not necessarily will do so
• 1:53:35
  Speaker 1: it could be you could also spend that year learning
• 1:53:40
  Speaker 1: new skills, right, I mean, it can be all just traveling.
• 1:53:44
  Speaker 1: You know you'll have spare time. Why not learn a
• 1:53:47
  Speaker 1: new skill? You know, really master AI take some courses online.
• 1:53:53
  Speaker 1: So if you structure your travel right, particularly if you
• 1:53:57
  Speaker 1: use it as an opportunity to upskill, then I actually
• 1:54:01
  Speaker 1: think you won't necessarily.
• 1:54:06
  Speaker 2: Take a step down in your career.
• 1:54:08
  Speaker 1: The younger you do it, the easier it is to do,
• 1:54:11
  Speaker 1: the more acceptable it is, and the easier it is
• 1:54:14
  Speaker 1: to enter your career without losing too much.
• 1:54:17
  Speaker 2: The older it is, the harder it is to do.
• 1:54:19
  Speaker 1: Once you have a family, of course, it's almost impossible
• 1:54:22
  Speaker 1: to do so if you're young, if you don't have
• 1:54:24
  Speaker 1: a family, If you're in a profession where you can
• 1:54:28
  Speaker 1: learn on the road and you can study and you
• 1:54:30
  Speaker 1: can improve your skill set, I'd say do it.
• 1:54:37
  Speaker 2: Jamie, Hello, wondering.
• 1:54:39
  Speaker 1: Your thoughts on the cord and Kugar study. On minimum
• 1:54:44
  Speaker 1: wage in the nineties and the do Blester and Reichs
• 1:54:47
  Speaker 1: study tighter minimum wage effects across state borders estimates using
• 1:54:52
  Speaker 1: contiguous counties.
• 1:54:54
  Speaker 2: Thank you if I remember right.
• 1:54:57
  Speaker 1: Do Blester and Reich over turn earn the Card and
• 1:55:01
  Speaker 1: Cougar study. They show the opposite correct me in the
• 1:55:04
  Speaker 1: chat if I'm wrong. But look the Card and Kugar study,
• 1:55:10
  Speaker 1: as we criticize from the day it was published, it's
• 1:55:12
  Speaker 1: not a particularly good study. The change in minimum wage
• 1:55:17
  Speaker 1: was too small. This study focused on too small of
• 1:55:21
  Speaker 1: a region, on too short of a time. You know,
• 1:55:25
  Speaker 1: for every Card and Kugar there are ten to fifteen
• 1:55:29
  Speaker 1: studies that show the minimum wages do harm. I keep
• 1:55:33
  Speaker 1: reading more of them as we go, so because there's
• 1:55:39
  Speaker 1: one that managed to squeeze out the empirics to make
• 1:55:43
  Speaker 1: them right. Well, what I'm saying is I think that
• 1:55:49
  Speaker 1: do less than right study title minimum wage effects across
• 1:55:53
  Speaker 1: they boat. It shows that Card and Kugar were wrong.
• 1:55:57
  Speaker 2: That minimum wage has no effects.
• 1:55:58
  Speaker 1: Card and Krugar shows the minim wages do not hurt unemployment,
• 1:56:04
  Speaker 1: that do not increase unemployment, do not hurt the very poor.
• 1:56:08
  Speaker 1: Then victims of minimum wage. Again, for every Card and
• 1:56:12
  Speaker 1: Kruger study. There are multiple studies the show that they're wrong,
• 1:56:19
  Speaker 1: And there are a number of studies, I think, including
• 1:56:22
  Speaker 1: the one you're citing, the show that Krug and Card themselves,
• 1:56:26
  Speaker 1: the show that the original study was flawed in the
• 1:56:31
  Speaker 1: way it measures the effects and in the the way
• 1:56:36
  Speaker 1: they looked at the region.
• 1:56:37
  Speaker 2: In which the effects were felt or not felt.
• 1:56:41
  Speaker 1: So I think Card in Kruger is bad economics, and
• 1:56:45
  Speaker 1: I do Lester and Right if.
• 1:56:47
  Speaker 2: I memor right is better.
• 1:56:49
  Speaker 1: But you know, the fact that minimum wage is destructive
• 1:56:56
  Speaker 1: economically does not require an empirical study. I mean, impilical
• 1:57:00
  Speaker 1: studies are good to support it, but it does not.
• 1:57:03
  Speaker 1: It's it's basic theory. It's basic supplying demand. It's not
• 1:57:07
  Speaker 1: hard to figure out. Uh, it's it's it's a law
• 1:57:10
  Speaker 1: like the law of gravity. And again there are ten
• 1:57:14
  Speaker 1: studies five one Card and krugar to show how bad
• 1:57:18
  Speaker 1: it is actually affecting the economy. There is a Natives
• 1:57:33
  Speaker 1: asking about the best place to talk online about philosophy.
• 1:57:36
  Speaker 2: There is a discord channel I think is mouse Love.
• 1:57:41
  Speaker 1: If mos Love is on here, he can give you
• 1:57:44
  Speaker 1: the link to the Discorde channel where they I think
• 1:57:46
  Speaker 1: they have regular conversations about different topics, about different topics.
• 1:57:52
  Speaker 1: But uh yeah, I love that Nate knows everything and
• 1:58:03
  Speaker 1: it stands above everybody and just judges everybody's opinions from
• 1:58:09
  Speaker 1: the perspective of he knows everything.
• 1:58:12
  Speaker 2: Maybe he does.
• 1:58:13
  Speaker 1: I don't know, Nate, Maybe he is all knowing Loan
• 1:58:18
  Speaker 1: the Center. Trump is being hungry for lower interest rates.
• 1:58:22
  Speaker 1: Is it possible as appointees a messaging revising data to
• 1:58:26
  Speaker 1: force the Fed to do it?
• 1:58:28
  Speaker 2: Not yet, I mean not yet.
• 1:58:30
  Speaker 1: But and he doesn't want low employment numbers blame the tariffs,
• 1:58:35
  Speaker 1: So I don't think so.
• 1:58:36
  Speaker 2: I think he's I think is a point.
• 1:58:41
  Speaker 1: It's not his appointees at BLS producing these numbers. These
• 1:58:45
  Speaker 1: are Biden appointees producing these numbers, making Biden administration look worse.
• 1:58:52
  Speaker 1: Mary Lee says to call the Trumpet administration the Toddler
• 1:58:55
  Speaker 1: presidencies and insult to small children.
• 1:58:58
  Speaker 2: Absolutely true, solutely an insult. Ryan.
• 1:59:04
  Speaker 1: Would you like to interview son of Hamas if he can,
• 1:59:08
  Speaker 1: if we can reach out to him and encourage it.
• 1:59:10
  Speaker 2: Yeah, absolutely, I would like to. I would like to.
• 1:59:13
  Speaker 1: I'd enjoy interviewing him. I think he's a real hero
• 1:59:18
  Speaker 1: and really courageous Rajiev, Niko says incredibly good was incredibly
• 1:59:23
  Speaker 1: good in his Road to Fascism lecture. I agree, great
• 1:59:26
  Speaker 1: work AARI is doing in developing new objectives intellectuals.
• 1:59:30
  Speaker 2: Thanks to air I and you thank you.
• 1:59:32
  Speaker 1: Jeev.
• 1:59:32
  Speaker 2: Really appreciate that, and I agree about Nikos's talk.
• 1:59:36
  Speaker 1: Marius, what are your thoughts on the Indonesian and Nepalese protests.
• 1:59:42
  Speaker 2: I don't know that much about them. This is why
• 1:59:45
  Speaker 2: you know I'm not talking a lot about them.
• 1:59:52
  Speaker 1: You know, both the Palain Indonesia and unbelievably corrupt administrations,
• 1:59:59
  Speaker 1: and people are rebellion against it. I think particularly Nepal,
• 2:00:03
  Speaker 1: where it is very socialist my understanding, and very repressive
• 2:00:09
  Speaker 1: and very corrupt administration.
• 2:00:10
  Speaker 2: People are going onto the streets.
• 2:00:12
  Speaker 1: Demonstrating against them, and I think that's a good thing.
• 2:00:14
  Speaker 1: So I support any change that brings about more freedom.
• 2:00:18
  Speaker 1: I don't know anything about the Indonesian demonstrations right now
• 2:00:22
  Speaker 1: and what they are demonstrating for, so I haven't read
• 2:00:26
  Speaker 1: up on either of those, so I shouldn't talk about
• 2:00:29
  Speaker 1: them when I don't know.
• 2:00:30
  Speaker 2: Anything about them.
• 2:00:31
  Speaker 1: I'll try to read up on Nepal because Nepal seems
• 2:00:33
  Speaker 1: to be really heating up. I think they just burned
• 2:00:35
  Speaker 1: down part of the parliaments. A Art says, is Trump
• 2:00:41
  Speaker 1: the alternate pragmatist. Is pragmentism in the US past responsible
• 2:00:45
  Speaker 1: for the void that made today's US political state possible. Yes,
• 2:00:49
  Speaker 1: so the answer to the second question is yes, it's
• 2:00:52
  Speaker 1: pragmentism in the US past have made Trump possible. Trump
• 2:00:57
  Speaker 1: is beyond pragmatism. Trump is just a wim worshiping thug.
• 2:01:02
  Speaker 1: Trump is just a whim worshiping thug. He's not an
• 2:01:08
  Speaker 1: adherent like I don't know Kennedy, to any kind of
• 2:01:13
  Speaker 1: set of ideas about how to make decisions short term,
• 2:01:18
  Speaker 1: don't think in principles, not long term.
• 2:01:20
  Speaker 2: Make this. He's just emotes. He just does what he
• 2:01:24
  Speaker 2: feels like doing and and and he does it in
• 2:01:27
  Speaker 2: a way like.
• 2:01:30
  Speaker 1: Like a mafia boss. Mafia boss has behaved this way. Right,
• 2:01:43
  Speaker 1: you can't say mafia was pragmatist. They're just thugs. Kim
• 2:01:57
  Speaker 1: tips some moving up in a financial operations career.
• 2:02:01
  Speaker 2: You know, I don't know if I have tips. You know, generally,
• 2:02:05
  Speaker 2: tip for moving up in any career is.
• 2:02:09
  Speaker 1: Do a good job, be responsible, seek input, seek feedback
• 2:02:14
  Speaker 1: for your manager. Develop that kind of relationship with the
• 2:02:18
  Speaker 1: manager where you expect feedback negative and positive, and develop
• 2:02:24
  Speaker 1: a skill set improve your knowledge. So, in spite of
• 2:02:29
  Speaker 1: the fact that Nate thinks that you know AI is retarded,
• 2:02:35
  Speaker 1: AI is going to be an amazing tool for financial operations.
• 2:02:39
  Speaker 5: It is.
• 2:02:40
  Speaker 1: It's going to provide allow you amazing shortcuts. It's going
• 2:02:44
  Speaker 1: to allow you to use whatever software you're using for
• 2:02:47
  Speaker 1: financial operations to do it much more effectively, much faster,
• 2:02:52
  Speaker 1: much more productively.
• 2:02:53
  Speaker 2: It is an amazing tool, and as such, use.
• 2:02:57
  Speaker 5: It, you know, learn how to use it, study it, Uh,
• 2:03:01
  Speaker 5: you know, introduce new ways to your boss on how
• 2:03:06
  Speaker 5: to improve what you're doing.
• 2:03:07
  Speaker 2: Don't wait for them to tell you.
• 2:03:16
  Speaker 1: Uh but but yeah, uh you know, keep innovating, keep
• 2:03:23
  Speaker 1: thinking and and and and keep engaging with your boss
• 2:03:27
  Speaker 1: at that level. But learn, learn how to do your
• 2:03:29
  Speaker 1: job better, learn new skills, constant learning, and life generally
• 2:03:35
  Speaker 1: in Korea.
• 2:03:37
  Speaker 2: For sure, not you have your algorithm.
• 2:03:40
  Speaker 1: IM not sure if you already commented on this, but
• 2:03:42
  Speaker 1: thoughts on Ukrainian refuge goals, stabbing to death on the
• 2:03:45
  Speaker 1: bus in North Carolina. Trump has let you onto this
• 2:03:48
  Speaker 1: to rally his racist, mindless base. Yeah, I mean you know,
• 2:03:53
  Speaker 1: it's obviously tragic and hullable and and uh, this guy
• 2:03:57
  Speaker 1: should probably have not been on the streets. I don't
• 2:04:00
  Speaker 1: I haven't read as rap sheet. But he's a repeat offender.
• 2:04:04
  Speaker 2: And I am very much for I'm very much for.
• 2:04:17
  Speaker 1: You know, somebody is a violent criminal at some point
• 2:04:21
  Speaker 1: throwing away the keys and not allowing them back. So
• 2:04:36
  Speaker 1: I think that the way they're Right and Trump are
• 2:04:38
  Speaker 1: using this is sick and irresponsible. They're using this in
• 2:04:44
  Speaker 1: order to say, you know, look up, bad crime is
• 2:04:47
  Speaker 1: in the world as crime is plummeting. So yeah, crime
• 2:04:51
  Speaker 1: is when it happens, it's horrible, and when it happens
• 2:04:53
  Speaker 1: on video, it's even more horrible. Crime like this happens
• 2:04:56
  Speaker 1: every day, but you don't get a video of it,
• 2:04:59
  Speaker 1: so it really is sad. And yeah, I mean, I'm
• 2:05:07
  Speaker 1: all full tougher sentences on violent crime, much tougher sentences
• 2:05:12
  Speaker 1: on violent criminals. Ben Jackson recently moved to France for
• 2:05:18
  Speaker 1: career growth, traveling wife's family. Yes, it's bureaucratic, but I
• 2:05:22
  Speaker 1: find value in being here. End of the day, you
• 2:05:25
  Speaker 1: have to live your life, pursue your values thoughts. Yeah,
• 2:05:28
  Speaker 1: I agree, I mean, and you don't have to live
• 2:05:30
  Speaker 1: in one place the rest of your life. You're going
• 2:05:33
  Speaker 1: you should live where you're going to live the best
• 2:05:35
  Speaker 1: life possible to you at that point in time. And
• 2:05:39
  Speaker 1: if that's France right now, great, and if that's somewhere
• 2:05:42
  Speaker 1: else in five years, great. In that sense, I am,
• 2:05:47
  Speaker 1: I hate to use the term, but a globalist. You know,
• 2:05:50
  Speaker 1: take advantage of the fact that we live in a
• 2:05:52
  Speaker 1: world where you can travel, you can live in lots
• 2:05:53
  Speaker 1: of places, you can experience lots of amazing experiences, lots
• 2:05:57
  Speaker 1: of amazing cultures, great food and France, great art in France.
• 2:06:04
  Speaker 1: So yeah, get out there and see the world. I
• 2:06:07
  Speaker 1: tell everybody that. So I'm absolutely in agreement. I'm spending
• 2:06:12
  Speaker 1: a month in Farance. I just spent three weeks in Lisbon.
• 2:06:15
  Speaker 1: Last year, I spent six weeks in Barcelona. Who knows
• 2:06:17
  Speaker 1: who I'll spend next year. And I live in Puerto Rico.
• 2:06:20
  Speaker 1: Who could have ever imagined I would live in Puerto Rico.
• 2:06:24
  Speaker 1: So you go where your values dictate, not where your
• 2:06:29
  Speaker 1: birth dictates. Iconnivote is it undignified to spray whipped cream
• 2:06:37
  Speaker 1: directly from the can, directly onto one's mouth while standing
• 2:06:41
  Speaker 1: at an open fridge. It is delicious, So your answer
• 2:06:44
  Speaker 1: won't stop me.
• 2:06:45
  Speaker 2: Keep up the good work.
• 2:06:46
  Speaker 1: No, I mean it might be undidentified to do it
• 2:06:49
  Speaker 1: in a three star Michelin restaurant, it might be undidentified
• 2:06:53
  Speaker 1: to do it in public.
• 2:06:55
  Speaker 2: But in front of your own fridge, of course, whatever
• 2:07:02
  Speaker 2: makes you know? Whatever? Right? I mean, of course it's
• 2:07:05
  Speaker 2: dignified in front of your own fridge. And if it makes,
• 2:07:08
  Speaker 2: if it's delicious to do so, then it would be
• 2:07:10
  Speaker 2: undignified not to do it. And sways.
• 2:07:14
  Speaker 1: Another Iran group announced Peacock is speaking at their event
• 2:07:17
  Speaker 1: next month. Is a fourth branch of the movement emerging?
• 2:07:23
  Speaker 2: I don't know.
• 2:07:24
  Speaker 1: Maybe I think this is the one from Iran Center UK.
• 2:07:31
  Speaker 1: They're putting on a conference. I didn't know Leonard was
• 2:07:35
  Speaker 1: speaking there, but it doesn't surprise me. Razie who runs that,
• 2:07:41
  Speaker 1: has a good relationship with Leonard, or has had a
• 2:07:44
  Speaker 1: good relationship over the last couple of years with Leonard,
• 2:07:47
  Speaker 1: so they are putting it together. Is a rc UK
• 2:07:51
  Speaker 1: a fourth branch of object I don't know.
• 2:07:53
  Speaker 2: What that means.
• 2:07:54
  Speaker 1: I don't know what the movement means or their four branches.
• 2:07:56
  Speaker 1: Is the Ato Society a branch of objectivism? I don't
• 2:08:02
  Speaker 1: think so, because I don't count them. But look, my
• 2:08:05
  Speaker 1: view is and has been for at least a decade
• 2:08:08
  Speaker 1: maybe two, that the more successful objectivism is, the bigger
• 2:08:14
  Speaker 1: objectivism becomes, call it a movement, call it what you want,
• 2:08:18
  Speaker 1: the more people will be doing more things independently of
• 2:08:21
  Speaker 1: one another, more organizations started, more think tanks established, more
• 2:08:29
  Speaker 1: intellectuals doing things coordinated with the iron manstute or not.
• 2:08:34
  Speaker 1: That is the job of the iron Man Institute is
• 2:08:36
  Speaker 1: not to be some kind of a gatekeeper coordinator of
• 2:08:44
  Speaker 1: all stuff you know that is done under the ban
• 2:08:47
  Speaker 1: of Ironman.
• 2:08:49
  Speaker 2: We can't you know, can't do that. Other stuff will emerge, So.
• 2:09:00
  Speaker 1: Let it happen, let it rip and and I love
• 2:09:03
  Speaker 1: the competition, and uh, let the better confidences succeed and
• 2:09:09
  Speaker 1: the less confidences not succeed, and let the and and
• 2:09:13
  Speaker 1: From philosophical perspective, the thing that Iman Institute is committed to,
• 2:09:17
  Speaker 1: which I don't think any of these other institutions are
• 2:09:19
  Speaker 1: committed to, and even if they were, they could don't
• 2:09:22
  Speaker 1: have the talent to do it, is the Institute is
• 2:09:26
  Speaker 1: committed to preserving Irn's philosophy. Qua Inrance philosophy, we might comment.
• 2:09:32
  Speaker 1: We might uh do uh, we might you know, apply
• 2:09:38
  Speaker 1: it in a variety of different ways, but we refer
• 2:09:41
  Speaker 1: to original sources.
• 2:09:42
  Speaker 2: We keep those original sources alive.
• 2:09:45
  Speaker 1: We continue, we continue to teach from original sources, and
• 2:09:51
  Speaker 1: we are dedicated to preserving the philosophy.
• 2:09:54
  Speaker 2: As I Ran presented it.
• 2:09:57
  Speaker 1: That's the one thing we are committed to that none
• 2:10:00
  Speaker 1: of these other things are not. And I'm not going
• 2:10:12
  Speaker 1: to comment on on Leonard's uh giving the talk all right, Michael.
• 2:10:19
  Speaker 2: Says, well, is will eventually take out Ayatula. Maybe I
• 2:10:26
  Speaker 2: don't know.
• 2:10:26
  Speaker 1: I don't think so. They had their chance, but maybe
• 2:10:31
  Speaker 1: if if the circumstances arise, if if you Wan becomes aggressive,
• 2:10:37
  Speaker 1: then then they might. I told it might die any
• 2:10:39
  Speaker 1: day now. Anyway, he's he's he's pretty old, so he
• 2:10:43
  Speaker 1: might die.
• 2:10:45
  Speaker 5: But uh.
• 2:10:53
  Speaker 2: But anyway, that is the on book show for today.
• 2:10:57
  Speaker 1: Thank you, guys, I appreciate it, Thanks to all the
• 2:11:00
  Speaker 1: super chatters, thanks to all the support. I will see
• 2:11:04
  Speaker 1: you guys all tomorrow. I think at the same time
• 2:11:08
  Speaker 1: we should be we should be fine. For the same time.
• 2:11:11
  Speaker 1: I look forward to seeing you tomorrow with the news
• 2:11:13
  Speaker 1: and with the discussion and debate, and I have a
• 2:11:20
  Speaker 1: great rest of your week. Bye everybody. Don't forget to
• 2:11:23
  Speaker 1: support the show on Patreon, Patreon dot com.
• 2:11:25
  Speaker 2: Bye,