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Musk vs OpenAI; Trump Fund; Trump Rules; China/Taiwan; Iran; Economy; Wealth Tax | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: A lot of fundamentals of lead, last little cells and
• 0:10
  Speaker 1: in individual lots. This is the Bok Show. All right, everybody,
• 0:21
  Speaker 1: welcome to here on Brooks Show on this Monday, May eighteenth.
• 0:27
  Speaker 1: Everybody had a fantastic weekend and you're looking forward to
• 0:31
  Speaker 1: this week, to the week before us. All right, Uh,
• 0:36
  Speaker 1: we are going to jump into the news. Today will
• 0:40
  Speaker 1: be a new show and yeah, let's let's just jump in.
• 0:46
  Speaker 1: So we talked about this a while back. We talked
• 0:49
  Speaker 1: about the kind of weird corporate structure that open a
• 0:55
  Speaker 1: I had. It was recently founded as a non profit.
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  Speaker 1: There's a nonprofit uh corporation to develop safe uh AI
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  Speaker 1: for the benefit of humanity, a very altruistic, very broad,
• 1:17
  Speaker 1: very common good kind of initial mission statement. But then
• 1:24
  Speaker 1: I think Opening I discovered kind of the potential of
• 1:27
  Speaker 1: what it was doing and realized that in a sense
• 1:31
  Speaker 1: both it needed capital in order to do what it
• 1:36
  Speaker 1: intended to do, to develop an open eye system, and
• 1:42
  Speaker 1: that they wanted to be compensated for it. And I
• 1:46
  Speaker 1: think we talked about it. We talked about it when
• 1:51
  Speaker 1: there was when there was a big crisis on the
• 1:53
  Speaker 1: board and they kicked out Sam Altman, and then he
• 1:55
  Speaker 1: came back and he kicked out the board and there
• 1:57
  Speaker 1: was a there was a lot of turmoil and change.
• 2:01
  Speaker 1: Was it two or three years ago, And at that
• 2:05
  Speaker 1: time I said, you know, this is it's it's just
• 2:07
  Speaker 1: a you know, it's a strange corporate structure because you
• 2:09
  Speaker 1: have the nonprofit and what they did is in order
• 2:12
  Speaker 1: to in order to take in capital, they created a
• 2:17
  Speaker 1: for profit entity which took in capital and developed this product.
• 2:21
  Speaker 1: But the relationship between the nonprofit and the for profit
• 2:25
  Speaker 1: wasn't clear. The mission of the for profit, given that
• 2:28
  Speaker 1: it is under the guise of a nonprofit again wasn't clear.
• 2:34
  Speaker 1: The for profit wasn't you know, it's it is now
• 2:41
  Speaker 1: going to go public. It will have public shareholders, of
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  Speaker 1: which one of the major ones will be the nonprofit entity,
• 2:51
  Speaker 1: and the for profit which is going public, will go
• 2:55
  Speaker 1: public not as a typical what you call CEA corporation.
• 2:59
  Speaker 1: A corp has explicitly a legally binding commitment to make money,
• 3:08
  Speaker 1: you know, to make money for shareholders. That that is
• 3:12
  Speaker 1: the purpose of a c corporation. It's the work for
• 3:15
  Speaker 1: the economic benefit of its shareholders. They have incorporated this
• 3:21
  Speaker 1: for profit entity that is going to go public as
• 3:25
  Speaker 1: a B Corp. And a B cop explicitly says, we're
• 3:29
  Speaker 1: not going to maximize shareholder wealth. We are going to
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  Speaker 1: benefit common good humanity. They've also got a broad umbrella.
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  Speaker 1: But of course they're all going to make a fortune.
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  Speaker 1: I mean, the some alternate I'm not sure what he's worth,
• 3:44
  Speaker 1: but the number two it open eie is worth thirty
• 3:47
  Speaker 1: billion dollars given the valuation count valuation of who knows
• 3:51
  Speaker 1: what he will be worth once it goes public. And
• 3:55
  Speaker 1: everybody in open AI stock options stocks, and they're all
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  Speaker 1: going to be extreemly wealthy in spite of the fact
• 4:02
  Speaker 1: that they have they have pretended, they've made up that
• 4:05
  Speaker 1: this corporation is actually not there to make their merrich.
• 4:08
  Speaker 1: It's it's there somehow, you know, some amorphous benefit humanity,
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  Speaker 1: not through the business operations, but some other way anyway.
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  Speaker 1: This is kind of the setup. And of course the
• 4:20
  Speaker 1: early money into the nonprofit that was Open Eye, the
• 4:26
  Speaker 1: first money in was provided by Elon Musk, who was
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  Speaker 1: friends with some altman and these guys and and shared
• 4:33
  Speaker 1: in the vision of this not for profit for the
• 4:37
  Speaker 1: benefit of humanity, right and explicitly not a commercially driven
• 4:43
  Speaker 1: a product anyway. In two thousand and four, Elon Musk
• 4:49
  Speaker 1: sued Open Eye, and he sued them for effectively what
• 4:55
  Speaker 1: he called stealing a charity and a turning it's into
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  Speaker 1: a full profit business that benefited themselves that he alone,
• 5:08
  Speaker 1: Mask got nothing out of even though he provided the
• 5:11
  Speaker 1: initial capital. So must claim that Opens the Eyes, you know,
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  Speaker 1: nonprofit research lab that they opened right, had a completely
• 5:28
  Speaker 1: different mission than the full profit structure, and that this
• 5:33
  Speaker 1: full profit structure indeed violated the original understanding when they
• 5:37
  Speaker 1: formed a nonprofit. Opening Eye, on the other hand, argued
• 5:42
  Speaker 1: that there was no binding promise to remain nonprofit forever
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  Speaker 1: and at the massive capital was necessary, you know, to
• 5:50
  Speaker 1: achieve the goal, and there was no way to get
• 5:52
  Speaker 1: that capital as a non for profit. They also argued
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  Speaker 1: that Elon knew was early as probably twenty eighteen, that
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  Speaker 1: this was indeed the plan, that there was nothing new here,
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  Speaker 1: there was no basis for this, and he was aware
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  Speaker 1: of what was going on. Musk very much stowcase depended
• 6:16
  Speaker 1: on whether early conversations, emails, donations, public statements created any
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  Speaker 1: kind of enforceable obligation, that is, the this constitutor, any
• 6:28
  Speaker 1: kind of legally binding legally binding relationship because there was
• 6:37
  Speaker 1: no contract. There was no gift document when Musk gave
• 6:43
  Speaker 1: the money, so there were no clear terms, so it's
• 6:45
  Speaker 1: not clear what's being violated exactly him. Musk said his
• 6:51
  Speaker 1: roughly forty to forty five million dollars in early support
• 6:56
  Speaker 1: was given for a charitable, nonprofit purpose and was later
• 7:00
  Speaker 1: misused when open ai built a valuable commercial enterprise. Open
• 7:05
  Speaker 1: Ai denied it, argued Musk knew about and even supported
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  Speaker 1: the for profit restructuring efforts when you believed they were necessary.
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  Speaker 1: This was early on in the process eight years ago.
• 7:19
  Speaker 1: Musk attacked Opening Eyes relation with Microsoft. Microsoft have a
• 7:23
  Speaker 1: big early investment invested in open Ai, arguing that the
• 7:26
  Speaker 1: partnership subordinated open AI's mission and safety obligation to benefit
• 7:34
  Speaker 1: of humanity, to commercial incentives. Open the Eye site said
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  Speaker 1: Microsoft investment did not bite itself, show unlawful control or collusion.
• 7:46
  Speaker 1: Musk claimed Ulterman, Brockman and others enriched themselves for an
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  Speaker 1: entity they were supposed to be mission bound nonprofit. Open
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  Speaker 1: Ai answered that the case was really motivated by musc
• 7:58
  Speaker 1: resentment and competitive interests. After launching his own AI company,
• 8:04
  Speaker 1: x Ai, Musk and XAI also allegit anti competitive conduct.
• 8:11
  Speaker 1: Here's Musk using anti trust law, including claims that open
• 8:16
  Speaker 1: ai discouraged investors from funding rivals. Now, the judge was
• 8:19
  Speaker 1: skeptical at this, and I don't think this was ever
• 8:25
  Speaker 1: really debated ultimately. Now, so this case was argued in
• 8:37
  Speaker 1: court over the last two and a half weeks, A
• 8:41
  Speaker 1: lot of information came out. We got email chains of
• 8:44
  Speaker 1: Musk and Ultimate and Brockman and all these guys. So
• 8:48
  Speaker 1: anybody wanting to write a history of o AI, all
• 8:51
  Speaker 1: of it's now open. All of it is public information.
• 8:55
  Speaker 1: I mean, there's a there's a lot of juicy a
• 8:59
  Speaker 1: lot of juicy stuff there. Right, Musk was asking for
• 9:04
  Speaker 1: something around one hundred and fifty billion dollars in damages, billion,
• 9:08
  Speaker 1: not million billion. He didn't want it for himself. Hey,
• 9:14
  Speaker 1: he's a nonprofit type of guy, right. He wanted the
• 9:16
  Speaker 1: money to go to Open Eye's charitable nonprofit arm and
• 9:23
  Speaker 1: so you know, he argued that this was not for
• 9:28
  Speaker 1: his own enrichment, but for the original purposes of Opening Eye.
• 9:33
  Speaker 1: He also sought a number of non monetary remedies, including
• 9:37
  Speaker 1: he wanted the removal of Open Eye leadership Brockman and
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  Speaker 1: Sam Altman and importantly right. Importantly, he wanted a complete
• 9:47
  Speaker 1: reversal and unwinding of the for profit transition, which would
• 9:53
  Speaker 1: basically have made open Aye and I know a lot
• 9:56
  Speaker 1: of you used chapt his the whole issue of Open
• 10:01
  Speaker 1: a Eye would would have the company would have crashed
• 10:05
  Speaker 1: and burned. There's no way Open Eye can survive as
• 10:08
  Speaker 1: a nonprofit organization. It would be meaningless. Basically, this was
• 10:12
  Speaker 1: a way for Musk to destroy Open a Eye justifiably,
• 10:16
  Speaker 1: unjustifiably full anti competitive reasons are full personal reasons. That is,
• 10:23
  Speaker 1: that is uh uh. The outcome that he sought return
• 10:30
  Speaker 1: open AI to nonprofit, which basically would have meant impossible
• 10:34
  Speaker 1: for them to build the data centers they're building. Basically,
• 10:37
  Speaker 1: unwinding where they are today would be impossible for them
• 10:40
  Speaker 1: without basically filing for bankruptcy, shutting everything down. But that's
• 10:46
  Speaker 1: what he that's what he asked for. Anyway, today, this
• 10:50
  Speaker 1: morning we got a verdict from a jury. Now the
• 10:55
  Speaker 1: jury is advisory. I'm not sure how this works, but
• 10:59
  Speaker 1: they it's a nine member jury. They advise and the
• 11:01
  Speaker 1: judge makes the final decision. Anyway, that jury today after
• 11:06
  Speaker 1: only two hours of deliberation, ruled against Musk for Open
• 11:11
  Speaker 1: a Eye and the judge. The judge seconded that opinion,
• 11:18
  Speaker 1: and basically, basically the case has been dismissed and Open
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  Speaker 1: Eye has won a Musk attorney's claim that they retain
• 11:29
  Speaker 1: the right to appeal. It's unlikely. It's unlikely. What's interesting
• 11:35
  Speaker 1: is that the jury did not rule on the merits
• 11:39
  Speaker 1: of the case. Now, some of the arguments were already
• 11:46
  Speaker 1: dismissed before the trial ever started, like fought arguments and
• 11:52
  Speaker 1: things like fought arguments. But the real issue here was
• 12:00
  Speaker 1: that the jury said that Musk had basically followed the
• 12:06
  Speaker 1: lawsuit too late, that his claim was bought by a
• 12:12
  Speaker 1: statue of limitations that is a legal deadline to being
• 12:17
  Speaker 1: a lawsuit. So they didn't really decide about whether a
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  Speaker 1: Open Ai had morally or philosophically or legally even betrayed
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  Speaker 1: its founding mission. It didn't rule that regarding the arguments
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  Speaker 1: around betraying a Musk and his deserving competition for that betrayal.
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  Speaker 1: They basically ruled that must took too long to file
• 12:43
  Speaker 1: the lawsuit. Open Eye's lawyers argued that musk knew about
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  Speaker 1: Open Eye's growth plans and for profit direction well before
• 12:53
  Speaker 1: he filed suit in twenty twenty four, including from his
• 12:58
  Speaker 1: twenty eighteen documents in this cussions. Uh, and you know,
• 13:07
  Speaker 1: the the jury decided that if he had a problem
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  Speaker 1: with this, he should have filed back then. So he
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  Speaker 1: must does not get the damages, he doesn't get the changes,
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  Speaker 1: he doesn't get the unwinding. He really doesn't get anything. Indeed,
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  Speaker 1: what this leaves open is, uh, is the ability of
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  Speaker 1: Opening Eye now to go public. Sort of of course
• 13:33
  Speaker 1: an appeal, but I'm sure that you know they're going
• 13:36
  Speaker 1: to go public here fairly, fairly soon. Uh. You know,
• 13:41
  Speaker 1: the jury didn't really rule and the question of whether
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  Speaker 1: Altman stole a charity, which Musk said over and over
• 13:49
  Speaker 1: and over again in his testimony, and again you can
• 13:52
  Speaker 1: find all that testimony. It's all publicly available information now,
• 13:55
  Speaker 1: so quite fascinating to go through that and see all
• 13:59
  Speaker 1: the inner workings of how Open Eye came together and
• 14:03
  Speaker 1: Musks dealing dealing with all of it, and right, yeah,
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  Speaker 1: I mean, let me just see. Yeah, I mean, the
• 14:24
  Speaker 1: jury basically noted that musk knew of all the stuff
• 14:28
  Speaker 1: that he was claiming now, all the breaches that he
• 14:31
  Speaker 1: was claiming three years before he filed the lawsuit, at
• 14:35
  Speaker 1: least three years and there was no reason for him
• 14:38
  Speaker 1: to have waited, and he should have filed it. Then
• 14:42
  Speaker 1: the judge agreed with them, and you know Open AI
• 14:48
  Speaker 1: and Microsoft, you know who. I guess Microsoft was also
• 14:52
  Speaker 1: part of the part of the lawsuit. Free to go.
• 14:56
  Speaker 1: I mean, we're exonerated based on this, by the way,
• 15:01
  Speaker 1: or disgorge what's it called? Uh? Yeah, I mean that
• 15:06
  Speaker 1: that that they they were not they were not disgorged
• 15:10
  Speaker 1: into a I s uh anyway, Yes, I mean this
• 15:16
  Speaker 1: is a lossuit that I think all Silicon Valley was
• 15:19
  Speaker 1: watching carefully, a lot of people reading all the testimonies
• 15:22
  Speaker 1: with a lot of a lot of kind of intensity,
• 15:27
  Speaker 1: and it's it's kind of you know, it doesn't paint
• 15:33
  Speaker 1: elon musk and particularly positive light. His kind of attack
• 15:37
  Speaker 1: on Open Eye is attack on on their ambition, as
• 15:43
  Speaker 1: you know, the whole the whole issue he knew this
• 15:48
  Speaker 1: was basically an attempt to destroy Open the Eye would
• 15:51
  Speaker 1: seem more like his being upset that he didn't demand
• 15:55
  Speaker 1: equity early on, or more him being upset that he's
• 15:59
  Speaker 1: running a competitor. That is the is you know, behind
• 16:03
  Speaker 1: and trying to catch up to Open a I. It
• 16:06
  Speaker 1: did not seem like a legit, legit legal legal case.
• 16:17
  Speaker 1: All right. Uh, let's see, yes, that is so, that
• 16:25
  Speaker 1: is that legal case. Uh and uh again two hours
• 16:31
  Speaker 1: it took the jury, that was It was a long trial.
• 16:34
  Speaker 1: They had the CEO of Microsoft testified, the uh you know,
• 16:40
  Speaker 1: Musk and Ultimate and Bookman all testimy testified. Uh, the
• 16:45
  Speaker 1: former Opening chief technology officer, Opening I co founder A. H.
• 16:51
  Speaker 1: Such keV others, I mean board members and everything. People
• 16:57
  Speaker 1: who we discussed when there was the whole crisis about
• 17:00
  Speaker 1: fiving some aultimate. All these people had to testify in
• 17:03
  Speaker 1: this and the jury took the jury two hours to
• 17:06
  Speaker 1: decide to throw it all up anyway. All right, So
• 17:17
  Speaker 1: Donald Trump a few weeks ago, months ago, time flies,
• 17:21
  Speaker 1: maybe a few months ago, file a suit the US government,
• 17:27
  Speaker 1: of which he is a president, you see, the US
• 17:30
  Speaker 1: government for ten billion dollars because a contractor working for
• 17:39
  Speaker 1: the irs had leaked his tax returns. You remember when
• 17:44
  Speaker 1: Trump's tax returns were big deal. He wasn't releasing them.
• 17:47
  Speaker 1: He was not going to release them. He had all
• 17:49
  Speaker 1: kinds of excuses. We ultimately they were leaked by a
• 17:53
  Speaker 1: contractor of the IRS, and Trump sued the federal government.
• 18:00
  Speaker 1: He sued di RS for ten billion dollars. Now, there
• 18:07
  Speaker 1: are a lot of problems with this lawsuit. I mean, first,
• 18:11
  Speaker 1: it's not clear that the government is liable for the
• 18:14
  Speaker 1: actions of a contractor. By the way, this contractor was
• 18:18
  Speaker 1: criminally charged, tried, and is sitting in jail right now,
• 18:22
  Speaker 1: so he is suffered the consequence of that. And Trump
• 18:25
  Speaker 1: could sue him, but he's not going to get anything
• 18:27
  Speaker 1: out of the contractor. But he's suing the government. So first,
• 18:33
  Speaker 1: it's not clear legally that the government is responsible for
• 18:37
  Speaker 1: the actions and legally liable for the actions of a
• 18:42
  Speaker 1: contractor working for it. But here's the bigger issue. Our
• 18:48
  Speaker 1: legal system is an adversarial legal system. You go to
• 18:54
  Speaker 1: courts and there are two sides that are adverse to
• 18:58
  Speaker 1: one another, that they opposed to one another. They fundamentally
• 19:03
  Speaker 1: disagree with one another. They're arguing different sight of the case.
• 19:08
  Speaker 1: And here there's a real problem. The IRS is boss
• 19:16
  Speaker 1: is Donald Trump. The federal government's boss is Donald Trump,
• 19:24
  Speaker 1: and Donald Trump is suing the entity that he is
• 19:30
  Speaker 1: the boss of. That is just, you know, weird, and
• 19:40
  Speaker 1: it seems on its face, it seems illegitimate. The two
• 19:45
  Speaker 1: sides exactly the same. Donald Trump just is swing that
• 19:50
  Speaker 1: deep pocket that he controls. He knows he can't just
• 19:55
  Speaker 1: but we'll see maybe he can. He knows he can't
• 19:57
  Speaker 1: just reach in and take ten billion dollars out of
• 19:59
  Speaker 1: there coughers and put him in his bank account. He
• 20:03
  Speaker 1: knows he can't do that, so he's creating a lawsuit
• 20:08
  Speaker 1: to take that money. But he can settle with himself
• 20:16
  Speaker 1: at any point in time. And indeed, the judge in
• 20:20
  Speaker 1: the case was had convened a session to discuss whether
• 20:32
  Speaker 1: this was you know, this is something that he could
• 20:39
  Speaker 1: allow to proceed because this seemed seems, I think, to anybody,
• 20:47
  Speaker 1: kind of wrong. I mean, Trump, as a private citizen
• 20:53
  Speaker 1: once he leaves government can sue the irs, but how
• 21:02
  Speaker 1: can he sity the irs while he is the head
• 21:04
  Speaker 1: of the irs. Anyway, the judge was going to convene
• 21:13
  Speaker 1: a hearing to discuss this, and I think was probably
• 21:17
  Speaker 1: there was a good chance that he would have dismissed
• 21:23
  Speaker 1: this as not a legit lossit. So instead what happened, right,
• 21:42
  Speaker 1: which was obvious that would happen, is that Trump and
• 21:46
  Speaker 1: the Justice Department his Justice Department. The Justice Department, he is,
• 21:53
  Speaker 1: in a sense, the head of a justice department that
• 21:57
  Speaker 1: he explicitly has said served him. They have reached a settlement. Indeed,
• 22:08
  Speaker 1: Trump has today early this morning, were drawn his lawsuit
• 22:15
  Speaker 1: for the ten billion dollars. He will do it in exchange.
• 22:25
  Speaker 1: I mean, it's hard to do this with a straight
• 22:27
  Speaker 1: face because I've never seen anything quite so blatantly corrupt.
• 22:33
  Speaker 1: I mean, this is better the suitcase full of cash.
• 22:35
  Speaker 1: This is like, I mean, this is just mind boggling,
• 22:40
  Speaker 1: but not really surprising of this administration anyway. The Justice
• 22:45
  Speaker 1: run is setting up a fund. In that fund will
• 22:49
  Speaker 1: be one point seven seven six Remember seventeen seventy six,
• 22:54
  Speaker 1: what a travesty. Seventeen seventy six billion dollars. One point
• 22:58
  Speaker 1: seven seven six billion dollars, not ten, right, he's come
• 23:02
  Speaker 1: down from ten, but one point seven seven six billion dollars.
• 23:08
  Speaker 1: And the fund will be dedicated to compensate people who
• 23:14
  Speaker 1: claim the federal government weaponized the legal system against them,
• 23:21
  Speaker 1: people in the Trump or bit, allies of Donald Trump,
• 23:28
  Speaker 1: who are going to now far claims against this fund.
• 23:40
  Speaker 1: I mean, at the same time, I mean, Donald Trump's
• 23:42
  Speaker 1: very generous here because he's also dropping two other claims
• 23:44
  Speaker 1: against the government that he runs, one that saw damages
• 23:49
  Speaker 1: for the search at Marrow Lago and another about the
• 23:52
  Speaker 1: investigation into their Russian interference in twenty sixteen. So he's
• 23:55
  Speaker 1: now we're drawing all three lawsuits against his own government
• 24:00
  Speaker 1: in exchange, He's got a one point seven seven six
• 24:03
  Speaker 1: billion dollar fund to pay whoever files. And it's not
• 24:12
  Speaker 1: clear whether his own family could file, he could file,
• 24:16
  Speaker 1: who exactly can file? No, we don't yet have the details. Anyway,
• 24:24
  Speaker 1: there will be a five person commission appointed to administer
• 24:31
  Speaker 1: these funds. It will be appointed by the acting Attorney General.
• 24:38
  Speaker 1: In other words, it will be appointed by Donald Trump.
• 24:41
  Speaker 1: Donald Trump will be able to fire any commission members
• 24:46
  Speaker 1: he doesn't like. Supposedly, according to this agreement, this commission
• 24:54
  Speaker 1: will have the power to issue apologies on behalf of
• 24:59
  Speaker 1: the US government and pay people who submit claims. It's
• 25:08
  Speaker 1: not clear who's going to qualify for payouts, but you
• 25:12
  Speaker 1: can imagine people like the people charged for trying to
• 25:17
  Speaker 1: change the election result on January sixth, sixth, twenty twenty one,
• 25:22
  Speaker 1: and who violently attacked the capital. You expect them not
• 25:28
  Speaker 1: just to have received a presidential pardon and not suffer any
• 25:32
  Speaker 1: consequences for what they did, but now get rewarded for
• 25:36
  Speaker 1: actual rewarded foot You could see millions of dollars flowing
• 25:40
  Speaker 1: into the hands of you know, of January sixteenth attack.
• 25:50
  Speaker 1: Its It's just mind boggling. How horrific and corrupt this really.
• 26:00
  Speaker 1: I mean, I can see Steve Bannon filing y just
• 26:03
  Speaker 1: Stone filing I mean, Michael Flynn is already I think,
• 26:07
  Speaker 1: gotten some funds out of the government for unjust prosecution.
• 26:16
  Speaker 1: A memo signed by the acting Attorney General. It doesn't
• 26:21
  Speaker 1: specify whether members of the Trump family can make claims.
• 26:24
  Speaker 1: We'll see about that. This is from This is from
• 26:28
  Speaker 1: the memo. The machinery of government should never be weaponized
• 26:31
  Speaker 1: against any American, and it is the Department's intention to
• 26:34
  Speaker 1: make right the wrongs that were previously done when ensuring
• 26:38
  Speaker 1: that this will never happen again. But it's happening right now.
• 26:41
  Speaker 1: I mean, Trump is going after his enemies using the
• 26:44
  Speaker 1: machinery of state, the machinery of the justice of bottom
• 26:49
  Speaker 1: against them. Well, the former FBI director who is being
• 26:55
  Speaker 1: accused of advocating the assassination of Donald Trump because of
• 27:01
  Speaker 1: what was it the shells that he put forward forty
• 27:04
  Speaker 1: six forty three something I can't trure what it was.
• 27:07
  Speaker 1: Is he can he file or is you can't file?
• 27:14
  Speaker 1: You can only file if it's the biite administration that
• 27:17
  Speaker 1: did that. Did you wrong? I mean, this is here's
• 27:29
  Speaker 1: the thing. You know, I get accused constantly of going
• 27:32
  Speaker 1: after Trump and not being balanced. But how can you
• 27:36
  Speaker 1: be balanced about this? And how can you be balanced
• 27:39
  Speaker 1: more broadly about the Republican Party when you will not
• 27:43
  Speaker 1: find a single voice in the Republican Party challenging this,
• 27:50
  Speaker 1: calling this what it is. This is explicit corruption. This
• 28:01
  Speaker 1: is a one point seven billion dollar slush fund for
• 28:07
  Speaker 1: Trump lackeys. This is not retribution or this is not
• 28:16
  Speaker 1: compensation for real injustices. I mean, who gets aside what
• 28:20
  Speaker 1: an injustice is? Donald Trump, his commissioners which he appoints,
• 28:26
  Speaker 1: which are going to be posiant partisan. I mean, I
• 28:30
  Speaker 1: can assure you that nobody that Donald Trump goes after
• 28:33
  Speaker 1: using the legal system, the law firms he went after
• 28:36
  Speaker 1: and got money from, you know, and and and the
• 28:40
  Speaker 1: individuals he's been going after, the the the districtorcern hees
• 28:45
  Speaker 1: won't file against them, say fires them and replaces them.
• 28:48
  Speaker 1: So that he finally can get somebody to file against
• 28:50
  Speaker 1: them all that. Are they going to be able to
• 28:53
  Speaker 1: fire for this? Of course not. I mean, this is
• 29:01
  Speaker 1: really really, really pathetic. And here's the pathetic thing about
• 29:05
  Speaker 1: it again, not a single Republican will speak up against this.
• 29:12
  Speaker 1: So this isn't your Biden level corruption. This isn't this
• 29:22
  Speaker 1: isn't Hunter Biden getting a position on board in Ukraine
• 29:25
  Speaker 1: and I don't know, walking away with several million dollars
• 29:31
  Speaker 1: that the Trump children have exceeded by orders of magnitude.
• 29:36
  Speaker 1: It's not even close. That's already been exceeded now. But
• 29:40
  Speaker 1: this is like out in the open daylight with newspaper
• 29:46
  Speaker 1: coverage and everybody seeing exactly what is going on without
• 29:49
  Speaker 1: trying to hide anything. This is a slush fund for
• 29:54
  Speaker 1: Donald Trumpany's allies, and not a single Republican we'll speak
• 30:01
  Speaker 1: up now. You know, maybe it's true that the Democratic
• 30:08
  Speaker 1: Party is so evil and so anti American and so
• 30:14
  Speaker 1: anti everything that I don't know, you can't vote for them.
• 30:20
  Speaker 1: But how can you vote for a party that is
• 30:24
  Speaker 1: this corrupt? Is this Republican party? How can you vote
• 30:34
  Speaker 1: for political party that lets Donald Trump gets away with
• 30:38
  Speaker 1: this and doesn't even say a word, is not willing
• 30:43
  Speaker 1: to confront him at all. And Democrats are going to
• 30:51
  Speaker 1: be apoplectic, of course, and they'll try to stop this,
• 30:54
  Speaker 1: but we'll see if they can and how they can.
• 30:58
  Speaker 1: They'll probably be a lawsuit against Trump, and you know,
• 31:01
  Speaker 1: we'll see if the courts are willing to stop this.
• 31:04
  Speaker 1: It's clearly outside of the of what a present can do.
• 31:16
  Speaker 1: And but it's it's just, yeah, I don't know, I
• 31:23
  Speaker 1: don't know. I don't have words really to express how
• 31:27
  Speaker 1: much I'm outraged, how much all of you should be outraged,
• 31:31
  Speaker 1: and not just about you know, with Trump and the
• 31:34
  Speaker 1: justice of um, with Republicans who are going to just
• 31:37
  Speaker 1: let this happen. And we're not talking about ten million
• 31:41
  Speaker 1: dollars or one hundred even one hundred million dollars. We're
• 31:44
  Speaker 1: talking about one point eight billion, but billion, but a
• 31:49
  Speaker 1: b one thousand, eight hundred million. That is a lot
• 31:58
  Speaker 1: of money. When we're running trillions of dollars. I mean,
• 32:03
  Speaker 1: corruption is corruption, no matter what decize. But when we're
• 32:06
  Speaker 1: running trillions of dollars of budget deficits and we've got
• 32:09
  Speaker 1: a thirty seven billion dollar debt, and you know, President
• 32:16
  Speaker 1: says he cares about so called whatever the hell they
• 32:18
  Speaker 1: mean affordability. Yeah, you know, it's I don't know what
• 32:31
  Speaker 1: the superstans. In terms of who are standing to sue.
• 32:35
  Speaker 1: I think it's Congress, but I'm not sure. Maybe maybe taxpayers,
• 32:39
  Speaker 1: qua taxpayers, I'm not sure. I don't know. I don't
• 32:42
  Speaker 1: know the legality of it. Who would have standing to
• 32:45
  Speaker 1: sue over something like this, But I mean, I mean,
• 32:53
  Speaker 1: just extrapolate from this, just extrapolate from this to a
• 32:59
  Speaker 1: president could just create the slush fund. Now, look, there's
• 33:06
  Speaker 1: no question that the Bide administration was a horrible, horrible administration.
• 33:10
  Speaker 1: There's horrible things. You know, some of the lawsuits against
• 33:14
  Speaker 1: Trump one hundred percent justified. But who cares At this point,
• 33:18
  Speaker 1: he's going to argue they want, you know, January sixth,
• 33:25
  Speaker 1: the prosecution of those people was justified, But who cares
• 33:29
  Speaker 1: about that? At this point Trump gets to the side
• 33:31
  Speaker 1: and he thinks they're all innocent and angels. So there's
• 33:38
  Speaker 1: no objectivity, there's no rule of law. So we completely
• 33:43
  Speaker 1: negated the principle of the rule of law. This is
• 33:46
  Speaker 1: the rule of men or one man, Donald Trump. The
• 33:50
  Speaker 1: rule of law is out. It's not a jury and
• 33:52
  Speaker 1: a judge who will decide who gets this money, who
• 33:56
  Speaker 1: is innocent, who was prosecuted by the government. Know it's
• 34:01
  Speaker 1: Donald Trump is going to decide that this is purely
• 34:07
  Speaker 1: the rule of man. It's such a grave violation of
• 34:17
  Speaker 1: every principle this country stands by. And if you want
• 34:21
  Speaker 1: to fix the evil that the Biden administration did, you
• 34:28
  Speaker 1: don't do it by doubling up, by making it worse.
• 34:40
  Speaker 1: It's yeah, I don't think we've ever seen anything like it.
• 34:48
  Speaker 1: It's it's uh, it's you know, and it's and I
• 34:54
  Speaker 1: don't know how it can be fought. I don't know
• 34:55
  Speaker 1: how it can be stopped. And again I will say, uh,
• 35:03
  Speaker 1: you know, what are you going to do? Are you're
• 35:05
  Speaker 1: going to stand up against this? Everybody stood up against
• 35:07
  Speaker 1: Trump in the Republican Party has been crushed by that party,
• 35:14
  Speaker 1: whether they had merit or not. The latest casualty of
• 35:19
  Speaker 1: Donald Trump within the Republican Party was Senator Bill Cassidy.
• 35:26
  Speaker 1: What is Senator Bill's cassidys vice? What did he do?
• 35:31
  Speaker 1: I mean, he's a conservative, very conservative Republican member of
• 35:37
  Speaker 1: the Senate. He's a doctor who even voted for RFK.
• 35:43
  Speaker 1: I think he regrets that vote, but he voted. And
• 35:50
  Speaker 1: the reason he has been ousted and is going to
• 35:55
  Speaker 1: be I mean, he has no no future in the
• 35:59
  Speaker 1: republic Party. He's been ousted from the Senate. He will
• 36:02
  Speaker 1: He has been defeated in a primary, which is almost
• 36:06
  Speaker 1: unheard of for sitting senator to be ousted in the
• 36:12
  Speaker 1: primary of his own party is unheard of it. And
• 36:15
  Speaker 1: we're not talking about Bill Cassidy. I don't know people
• 36:18
  Speaker 1: discovering he was committing fraud, he was getting envelopes, you know,
• 36:22
  Speaker 1: suitcases full of cash that he was stealing from his constituency,
• 36:26
  Speaker 1: that he that he lied and deceived any more than
• 36:30
  Speaker 1: any other politician. No, none of that happened. Cassidy sin
• 36:36
  Speaker 1: was that after January sixth, he was one of ten
• 36:41
  Speaker 1: Republicans who had the courage to vote to impeach Donald Trump,
• 36:47
  Speaker 1: to vote that Donald Trump should never be able to
• 36:50
  Speaker 1: run for president again, which was the right thing to do.
• 36:53
  Speaker 1: After January sixth. Where those ten Senators who voted to
• 37:01
  Speaker 1: support Trump's impeachment in the trial five years ago, well
• 37:09
  Speaker 1: every single one of them is no longer in the Senate,
• 37:14
  Speaker 1: except for Bilcacidy. In Bilcassidy as of next year, will
• 37:19
  Speaker 1: no longer be in the Senate. You can't disagree with
• 37:26
  Speaker 1: Donald Trump. You can't challenge Donald Trump. You can't call
• 37:30
  Speaker 1: him when he does something clearly wrong, which is what
• 37:34
  Speaker 1: he did after twenty twenty elections, clearly and equivocally wrong.
• 37:41
  Speaker 1: You can't challenge him. I mean, the reality is that
• 37:52
  Speaker 1: anybody who stands up to Trump gets crushed. Look at
• 37:56
  Speaker 1: the Indiana lawmakers who didn't want to do redistricting jerrymandering
• 38:01
  Speaker 1: in Indiana and voted against jerry mandering. Well, every single
• 38:07
  Speaker 1: one of them, with one exception, were defeated in primaries
• 38:13
  Speaker 1: in which Donald Trump backed one of their opponents. Here
• 38:22
  Speaker 1: we're talking about Bolcassidy, who's a two term incumbent, powerful
• 38:26
  Speaker 1: committee chairman, millions of dollars in his campaign war chest,
• 38:32
  Speaker 1: and came in third in a Republican primary. Third crushed.
• 38:42
  Speaker 1: Mitch McConnell's are tiring. That's why he can get away
• 38:46
  Speaker 1: with it. He's leaving. If he was running, he'd be defeated.
• 38:54
  Speaker 1: So McConnell's still around. He's the only one, but he's
• 38:56
  Speaker 1: a tiring And tomorrow, I think it's tomorrow, there's going
• 39:03
  Speaker 1: to be a primary again. A Republican prime in Kentucky
• 39:10
  Speaker 1: about about Thomas Massey. Again, Trump has picked somebody to
• 39:18
  Speaker 1: run against Massy, and with two days, you know, with
• 39:24
  Speaker 1: the primary tomorrow, it looks like Massy will lose. Massy
• 39:30
  Speaker 1: is a longtime congressman from Kentucky who should have an
• 39:37
  Speaker 1: easy win. But he has stood up to Trump. He's
• 39:42
  Speaker 1: disagreed with him. Now I am torn here because I
• 39:46
  Speaker 1: don't particularly like Massy. I certainly don't like the people
• 39:49
  Speaker 1: backing Massy. He's very good in economic issues, he's terrible
• 39:54
  Speaker 1: on farm policy, he's terrible in Israel. And some of
• 39:58
  Speaker 1: the people backing him one of the worst new right
• 40:01
  Speaker 1: elements within the Republican Party. But here's a guy who
• 40:07
  Speaker 1: actually stood up to Trump. And I respect that not
• 40:12
  Speaker 1: everybody has to agree with me. I mean, on Sunday
• 40:25
  Speaker 1: night yesterday, in the early hours of Sunday, Trump took
• 40:31
  Speaker 1: to you know, truth social and just just constantly and
• 40:39
  Speaker 1: for an eight hour period, just went after him and
• 40:48
  Speaker 1: again Massey and almost you know, it is real sin
• 40:54
  Speaker 1: from Donald Trump's perspective. Is he disagreed with him over
• 41:01
  Speaker 1: you know, over a budget issues. He disagreed with him
• 41:06
  Speaker 1: over the Epstein files, Epstein files. Epstein is the big thing.
• 41:15
  Speaker 1: Massie was instrumental and forcing the Justice Department to release
• 41:19
  Speaker 1: those files. Now, So I'm no fan of Assi Massie's,
• 41:24
  Speaker 1: but i would want him to win, if only to
• 41:28
  Speaker 1: have somebody who's willing to once in a while on
• 41:31
  Speaker 1: some issues stand up to Trump, even though some of
• 41:34
  Speaker 1: those issues are not even my issues, like he stood
• 41:37
  Speaker 1: up to Trump on the war you want wrongly. So anyway,
• 41:52
  Speaker 1: everybody who stands up to Trump, and we see this
• 41:55
  Speaker 1: in Prime You after Trime You after Prime Me is
• 42:00
  Speaker 1: crushed politically. And this is at a time. This is
• 42:03
  Speaker 1: the amazing thing about Trump right right now, Trump is
• 42:08
  Speaker 1: unbelievably unpopular in America. Survey after survey's show the Trump's
• 42:15
  Speaker 1: popularity rating is the lowest any president has ever had.
• 42:19
  Speaker 1: He's lower than Biden after we knew Biden was completely demented.
• 42:29
  Speaker 1: So he has no popularity among the American people except
• 42:35
  Speaker 1: the base, the base of the Republican Party. The base
• 42:39
  Speaker 1: of the Republican Party are the people who go and
• 42:41
  Speaker 1: vote in the primaries and the other people who will
• 42:50
  Speaker 1: do whatever Trump tells him to do. They're the people
• 42:53
  Speaker 1: who still love Trump. The other people who still think
• 42:56
  Speaker 1: he's God's gift to America, that he's the greatest president ever,
• 43:02
  Speaker 1: and they will do whatever he wants. And they the
• 43:07
  Speaker 1: ones who go out there and inflict the pain when
• 43:10
  Speaker 1: he calls for pain to be inflicted. They literally, on
• 43:17
  Speaker 1: January sixth, go to the Capitol, and he asks them
• 43:21
  Speaker 1: to go to the Capitol, and they're the ones to
• 43:23
  Speaker 1: show up in in uh primary after primary and take
• 43:29
  Speaker 1: out his opponents. Take out his opponents. So Trump rules
• 43:39
  Speaker 1: the Republican Party. He dominates the Republican Party, dominates the
• 43:44
  Speaker 1: Republican Party. And as long as Trump dominates the Republican
• 43:48
  Speaker 1: Party and rules it like it is today, I don't
• 43:50
  Speaker 1: think this party can be supported. I know the alternatives
• 43:53
  Speaker 1: and Democrats, and that sucks. I hate them both, But
• 44:02
  Speaker 1: I don't know how you vote for one point seven
• 44:04
  Speaker 1: seven six billion dollar slush fund. I don't know how
• 44:09
  Speaker 1: you vote for a party that where you cannot express
• 44:12
  Speaker 1: disagreement with the president without being completely destroyed. I mean,
• 44:21
  Speaker 1: I think the Republican Party, ultimately standing with the January
• 44:26
  Speaker 1: sixth why it is, should have disqualified to Republican Party
• 44:31
  Speaker 1: for getting a vote. But yeah, I get it. The
• 44:34
  Speaker 1: alternative is the Democrats. You can't vote for the Democrats,
• 44:39
  Speaker 1: can't vote for the Republicans, and you can't vote for
• 44:40
  Speaker 1: the Libertarians. I don't know what you're supposed to do.
• 44:44
  Speaker 1: I'm not here to give you advice. I'm just saying,
• 44:47
  Speaker 1: this is who these people are. This is what they are.
• 44:51
  Speaker 1: And there's never been a more corrupt president than Donald Trump.
• 44:57
  Speaker 1: There's never been a president who had les less disregard
• 45:02
  Speaker 1: for the institutions of the American government that Donald Trump.
• 45:06
  Speaker 1: I think even if dr did not go as low
• 45:12
  Speaker 1: as Trump is going. And and I'm putting inside policy
• 45:18
  Speaker 1: issues like one which some of them he's good. You know,
• 45:21
  Speaker 1: he kept coup of taxes cool. Uh. You know, there's
• 45:24
  Speaker 1: a lot of deregulation going on the the the what's
• 45:27
  Speaker 1: going on in the in the what do you call it,
• 45:30
  Speaker 1: the the environmental regulations. The e p A is excellent,
• 45:33
  Speaker 1: the energy stuff is really good. Okay, but then there's us,
• 45:38
  Speaker 1: the tariffs, there's groveling to China, there's not finishing Ian war.
• 45:42
  Speaker 1: Letting is well finished. Letting is well finished. Now you know,
• 45:49
  Speaker 1: Kamala wouldn't have let them do that either, and she
• 45:51
  Speaker 1: would have even launched the run well I get all that,
• 45:54
  Speaker 1: but this is the kind of government there will legitimizing
• 46:00
  Speaker 1: in America. And where does that end? And if you
• 46:04
  Speaker 1: hate the Democrats, what happens when a Democrat gets into
• 46:08
  Speaker 1: office and now has a slush fund to go after Republicans,
• 46:13
  Speaker 1: to go or to promote his own you know, to
• 46:16
  Speaker 1: to give money to the poor people in Antifa who
• 46:21
  Speaker 1: constantly get demonized by Republicans, And they should have one
• 46:24
  Speaker 1: point seven and seven six billion dollars. I mean, why not.
• 46:29
  Speaker 1: Once Trump legitimizes it, anything goes. And Trump is legitimizing
• 46:34
  Speaker 1: a lot here. So I'll just say on this particular
• 46:38
  Speaker 1: issue of the slush fund, I really hope somebody has standing,
• 46:44
  Speaker 1: somebody can sue. And the reality is that our courts
• 46:50
  Speaker 1: have been willing to stand up to Donald Trump. So
• 46:52
  Speaker 1: let's hope they continue to do so. Let's hope they
• 46:56
  Speaker 1: continue to do so. I expect MASSI to lose tomorrow again.
• 47:03
  Speaker 1: I won't mourn him, you know, in the sense of
• 47:07
  Speaker 1: policy wise, although some of the stuff he's very good at.
• 47:10
  Speaker 1: He's one of the few people in Congress who advocates
• 47:14
  Speaker 1: for markets even a little bit. But he is a
• 47:17
  Speaker 1: conspiracy theorist he is really really viciously anti Israel and
• 47:23
  Speaker 1: wrong on feign policy. But I will mourn the fact
• 47:31
  Speaker 1: that he is being kicked out not over the issues,
• 47:38
  Speaker 1: but he's being kicked out for the sole reason that
• 47:42
  Speaker 1: he stood up to Donald Trump. And that is just
• 47:45
  Speaker 1: a tragedy for the country. Tragedy for the country. Right,
• 47:50
  Speaker 1: give me one second, All right, let's see. Yeah, let's
• 48:06
  Speaker 1: talk a little bit about you know, the kind of
• 48:10
  Speaker 1: what has happened since we talked on Friday about China.
• 48:13
  Speaker 1: I mean, things have only in a sense, you know,
• 48:16
  Speaker 1: gotten worse. Is what is Trump's China policy. I've heard
• 48:24
  Speaker 1: a lot and a lot of the people who seem
• 48:28
  Speaker 1: to support Trump give him, from the first term and
• 48:30
  Speaker 1: the second term, give him a lot of credit for,
• 48:32
  Speaker 1: I don't know, having waking us up to the threat
• 48:35
  Speaker 1: that is China and having a tough stand on China.
• 48:42
  Speaker 1: I guess I don't get it. I don't see toughness.
• 48:47
  Speaker 1: I don't see a stand. I don't see a policy.
• 48:53
  Speaker 1: What is our policy towards China? I mean, is it
• 49:01
  Speaker 1: to isolate China somehow? Well, if that were the case,
• 49:04
  Speaker 1: then Trump should have signed the Transpecific Partnership that deal
• 49:09
  Speaker 1: that he walked away from in his first term. That
• 49:14
  Speaker 1: would have been a trade partnership of countries along the
• 49:17
  Speaker 1: Pacific grim who are not China, And the whole idea
• 49:21
  Speaker 1: was to exclude China. Didn't have a kind of a
• 49:23
  Speaker 1: free trade deal or a relatively free trade deal between
• 49:27
  Speaker 1: countries that are not China that would have been good.
• 49:34
  Speaker 1: Is it to deny China high tech the best of
• 49:40
  Speaker 1: our technology? Well, Biden was a lot tougher than Trump
• 49:43
  Speaker 1: on that. He was the one who really initiated the
• 49:48
  Speaker 1: exclusion of chips and other technologies to China, much more
• 49:52
  Speaker 1: than Trump had done. And indeed Trump seems to only
• 49:57
  Speaker 1: loosen those restrictions. He did that with the Nvidia E
• 50:00
  Speaker 1: two hundred chip, which is Chinese, funnily enough of not
• 50:04
  Speaker 1: even buying because they want to develop their own ship
• 50:07
  Speaker 1: industry and they don't want to become dependent on the
• 50:09
  Speaker 1: United States. What else is he? What else is he?
• 50:17
  Speaker 1: Is he? Is he doing? Is he advocating for freedom
• 50:19
  Speaker 1: and liberty in places like Hong Kong or anywhere else? No?
• 50:23
  Speaker 1: You know, it was during Trump's presidency that basically China
• 50:28
  Speaker 1: took over Hong Kong completely, every last whiff of freedom
• 50:37
  Speaker 1: is he is he trying to save Taiwan? Well, no, literally,
• 50:42
  Speaker 1: when he got back home from his trip to China,
• 50:45
  Speaker 1: he basically through Taiwan under the bus. We're not gonna
• 50:55
  Speaker 1: you know. He implied strongly that the United States had
• 50:58
  Speaker 1: no interest in going to fight for Taiwan and put
• 51:03
  Speaker 1: him in question whether you would sign this latest bill
• 51:09
  Speaker 1: that you know, this latest bill that you know provides
• 51:13
  Speaker 1: you know, huge amounts of weapons approves the sale sale sale,
• 51:18
  Speaker 1: not giving sale a weapon systems through the Teiwan needes.
• 51:23
  Speaker 1: Trump has this milkento list weird idea that he is
• 51:29
  Speaker 1: going to somehow balance the trade with China one on one,
• 51:32
  Speaker 1: which is again, sorry, I know some of you get
• 51:37
  Speaker 1: offended when I say this fifth grade well, no fifth
• 51:41
  Speaker 1: you know, first grade economic understanding. So China ordered two
• 51:50
  Speaker 1: hundred Boeing jets. They were expected to order a lot more.
• 51:53
  Speaker 1: They actually decreased the order given Trump's visit. Who else
• 51:58
  Speaker 1: did they get? What are the planes they to buy?
• 52:01
  Speaker 1: I'm sure there's still going to buy some playing some
• 52:04
  Speaker 1: Europe it us. They're gonna buy soybeans. They were buying
• 52:12
  Speaker 1: soybeans before Trump started all this tariff nonsense with the Chinese.
• 52:18
  Speaker 1: I mean, you know, this is some post by Peter
• 52:22
  Speaker 1: shiff He says Trump is boasting about getting China to
• 52:25
  Speaker 1: commit to buying seventeen billion of US agriculture per year
• 52:29
  Speaker 1: over the next two years. Seventeen billion. You say that
• 52:32
  Speaker 1: must be huge, right, it's Peter Shifigan. But during the
• 52:36
  Speaker 1: four years under Biden, China bought an average of thirty
• 52:39
  Speaker 1: billion of US agriculture. The main reason China bought just
• 52:44
  Speaker 1: eight point four billion of agriculture in twenty twenty five
• 52:48
  Speaker 1: was because of Trump's tariffs. So trumps screwed up trade
• 52:58
  Speaker 1: with China has caused them to dramatically reduce the amount
• 53:04
  Speaker 1: of agricultural products that are buying from the United States,
• 53:06
  Speaker 1: because you know, they have options. They can buy their
• 53:08
  Speaker 1: soybeans from Argentina and from Brazil and from other places.
• 53:14
  Speaker 1: They don't need to play this game with the United States.
• 53:19
  Speaker 1: So Trump's taff caused the Chinese to buy few agricultural products,
• 53:24
  Speaker 1: and now he's touting at it as an achievement that
• 53:27
  Speaker 1: he is going to bring trade up to a level
• 53:29
  Speaker 1: that is about half of what trade was with China Underbiden.
• 53:34
  Speaker 1: Exports of agricultural goods not trade. I mean again, pathetic
• 53:49
  Speaker 1: is it doesn't even start to describe. So what is
• 53:59
  Speaker 1: Trump's strategy? What is the strategy? The brilliant toughness. I
• 54:05
  Speaker 1: mean you saw him with she I call the goveling,
• 54:09
  Speaker 1: but it was it was full of compliments that she
• 54:12
  Speaker 1: She would turn a compliment, one compliment to Trump. No,
• 54:15
  Speaker 1: not a single one, because that's not how she operates.
• 54:21
  Speaker 1: Was anything achieved during this visit to China? No? Nothing,
• 54:27
  Speaker 1: nothing that couldn't have been achieved without a visit. They
• 54:31
  Speaker 1: bought a few more Boeing planes. I mean, what's the strategy, Well,
• 54:40
  Speaker 1: but there is none because Trump is not a strategic thinker.
• 54:44
  Speaker 1: It's not just that he can't do three D chefs.
• 54:46
  Speaker 1: He can't do two D chess. He can't even do
• 54:48
  Speaker 1: one D chess. He can't do it. I'm sorry, he
• 54:51
  Speaker 1: just can't do it. And that's not to say cuts
• 55:00
  Speaker 1: are better, but on China they might have been better.
• 55:05
  Speaker 1: On China, Biden might have been better than Bush tougher.
• 55:11
  Speaker 1: I mean, anybody's better. Who's not going to go over there?
• 55:14
  Speaker 1: I mean, we accuse the Democrats of being socialist, and
• 55:16
  Speaker 1: they are in the hullable. We'll talk about that. In
• 55:18
  Speaker 1: a minute when we talk about wealth text. But at
• 55:21
  Speaker 1: least the Democrats are not praising the dictator, the authoritarian
• 55:26
  Speaker 1: dictator of China, I mean lovingly praising. I mean, if
• 55:37
  Speaker 1: you remember the first in his first term, in the
• 55:39
  Speaker 1: first few months of COVID, what did Trump do. He lavished,
• 55:45
  Speaker 1: praised on the Chinese for handling the situation. He admired
• 55:49
  Speaker 1: their lockdown strategy. Indeed, we emulated it partially at the
• 55:54
  Speaker 1: behest of Trump. People forget this and at that time.
• 56:00
  Speaker 1: Part of the reason he was so groveling before because
• 56:03
  Speaker 1: he wanted a soybean deal. Soybeans are the only thing
• 56:07
  Speaker 1: that matters. Hell with chips, high tech, you know, defense,
• 56:11
  Speaker 1: anything like that, soybeans, those are his voters. I mean,
• 56:20
  Speaker 1: he wants to sell oil to China. How does that
• 56:23
  Speaker 1: benefit us? It doesn't. Oil is a global market. We're
• 56:28
  Speaker 1: selling all the oil we're getting out of the ground
• 56:31
  Speaker 1: right now. We are selling into the market everything we
• 56:35
  Speaker 1: have and at very high prices. American owned companies are
• 56:40
  Speaker 1: making a killing right now. But again, what's the strategy?
• 56:57
  Speaker 1: So yeah, I mean, I just I just don't see it.
• 57:07
  Speaker 1: It's you know, Trump is obsessed with tariffs. He's obsessed
• 57:12
  Speaker 1: with bilateral trade balance. Again, economic ignorance. He is a
• 57:24
  Speaker 1: naive MELCNTA list. Wait, trade deficit is bad per se.
• 57:33
  Speaker 1: Now he's not going to close the trade deficit with China.
• 57:35
  Speaker 1: He has no chance of doing that. But for him,
• 57:41
  Speaker 1: it doesn't matter if you're inputting smartphones of steel or
• 57:43
  Speaker 1: whether you're inputing comes from China Japan. The point is
• 57:46
  Speaker 1: that inputs are bad. But you can't ban all the
• 57:53
  Speaker 1: imports because there were consequences to banning imports. So, like
• 58:01
  Speaker 1: a good moch of the list, you've got to somehow
• 58:03
  Speaker 1: artificially increase the exports. So give them Taiwan, if they'll
• 58:10
  Speaker 1: buy more soybeans, they can have Taiwan just buy more.
• 58:13
  Speaker 1: So he means. So, he means that A they increase
• 58:17
  Speaker 1: exports and b they get voters for your voters on
• 58:21
  Speaker 1: your side. So yeah, I mean it's I mean, he
• 58:33
  Speaker 1: is a disaster when it comes to diplomacy. We see
• 58:36
  Speaker 1: that with Putin, we're seeing it with Xi. As I've
• 58:41
  Speaker 1: said many many times, he admires these people. He admires
• 58:45
  Speaker 1: these people. The alternative is not groveling versus no engagement.
• 58:51
  Speaker 1: But there was zero reason to go to China. There's
• 58:54
  Speaker 1: zero reason to be nice to Xi. You can have
• 59:02
  Speaker 1: we can unilaterally define i'll trade policy with China. We
• 59:08
  Speaker 1: can define to what extent we believe China is an
• 59:11
  Speaker 1: enemy or not. We don't need to actually go and
• 59:15
  Speaker 1: shake hands with the guy, the dictator. We can pursue
• 59:20
  Speaker 1: our interests America first interest without you know, sanctioning the
• 59:32
  Speaker 1: you know, the worst Chinese regime since now anyway. So, uh,
• 59:46
  Speaker 1: Trump seems to have thrown Taiwan under the bus. He
• 59:49
  Speaker 1: could retract it tomorrow. So you know, the thing with
• 59:52
  Speaker 1: Trump is you never know what he says, if it
• 59:54
  Speaker 1: means anything, because he can change his mind. Nothing matters.
• 59:59
  Speaker 1: I mean, And this is what is going on with
• 1:00:01
  Speaker 1: Iran right now. Right one day, any any moment now,
• 1:00:05
  Speaker 1: We're going to start attacking Iran again. And then the
• 1:00:12
  Speaker 1: next day, oh no, we want to negotiate. We're still negotiating.
• 1:00:18
  Speaker 1: Suppose that Iran has submitted a new offer to the
• 1:00:22
  Speaker 1: United States in response to the Trump's offer for negotiations.
• 1:00:28
  Speaker 1: I mean, as I said, we keep bailing out the Ranians,
• 1:00:31
  Speaker 1: keep bailing my view out by rejecting Trump's offers and
• 1:00:36
  Speaker 1: by proposing things that he is going to reject, and
• 1:00:39
  Speaker 1: it appears at least at this point that Trump will
• 1:00:42
  Speaker 1: reject the new offers insufficient. Although the new offer does
• 1:00:46
  Speaker 1: commit they swear pinky whatever you call it, boy scouts square,
• 1:00:51
  Speaker 1: They swear they will never develop nuclear weapons. Trump seems
• 1:00:59
  Speaker 1: to be committed in enough not to all you know
• 1:01:02
  Speaker 1: that he won't buy in. So I still think we're
• 1:01:06
  Speaker 1: going to see another round a bombings. I still think
• 1:01:10
  Speaker 1: that we're going to see a resumption of the war
• 1:01:13
  Speaker 1: with Iran, but it's almost impossible to say when and
• 1:01:17
  Speaker 1: for how long and how decisive it will be. The
• 1:01:22
  Speaker 1: States of home Woes, by the way, stay closed. They
• 1:01:25
  Speaker 1: stay closed, which again is more of an illustration of
• 1:01:32
  Speaker 1: Trump's inability to strategize, inability to plan, than anything else.
• 1:01:40
  Speaker 1: And I know the people around Trump, particularly those who
• 1:01:44
  Speaker 1: are probably experts and energy are horrified by that. They
• 1:01:48
  Speaker 1: know that in spite of the fact that this is
• 1:01:50
  Speaker 1: good for Americans in the American all producers in the
• 1:01:53
  Speaker 1: short run, it's bad for America in the long run.
• 1:01:57
  Speaker 1: Just look at your you know, fuel bill, and think
• 1:02:02
  Speaker 1: about the global instability that is being caused by the
• 1:02:05
  Speaker 1: closure of the States of Foremos. But think longer term
• 1:02:10
  Speaker 1: about the global instability, the enhancement of power in the
• 1:02:17
  Speaker 1: hands of the bad guys, from the very fact that
• 1:02:21
  Speaker 1: the United States chose not to use the military to
• 1:02:28
  Speaker 1: open up the straits of Homos. What that says says
• 1:02:33
  Speaker 1: to China more than anything that Trump can say verbally.
• 1:02:37
  Speaker 1: What it says to the hoodies. What it says to
• 1:02:40
  Speaker 1: some all the pirates who are now suddenly very active.
• 1:02:42
  Speaker 1: They've taken four ships recently. What it says to every
• 1:02:46
  Speaker 1: two bit dictator out there who might have some control
• 1:02:50
  Speaker 1: over the shipping lanes. The fact that the United States,
• 1:02:53
  Speaker 1: the gallanteur of global trade for since World War Two,
• 1:02:56
  Speaker 1: is now too coward cowardly because I think it's cowardice.
• 1:03:03
  Speaker 1: I don't think it's ability. Two, not willing to actually
• 1:03:11
  Speaker 1: engage militarily in opening up the streets of Homos. And
• 1:03:17
  Speaker 1: I know that people are writing all the time, Oh,
• 1:03:19
  Speaker 1: they can't do it. You know, American destroyers will go
• 1:03:23
  Speaker 1: up in flames. And two things. One is there's a
• 1:03:26
  Speaker 1: real risk that is possible. But if we're not willing
• 1:03:30
  Speaker 1: to risk, we lose all deterrence. And I don't think
• 1:03:37
  Speaker 1: it's that risky. And I've been right about these wars
• 1:03:40
  Speaker 1: from the beginning. I don't think it's that risky. I
• 1:03:44
  Speaker 1: think the Navy knows exactly how to do it. I
• 1:03:46
  Speaker 1: think they have plans. And if you let the Navy
• 1:03:49
  Speaker 1: do it, if you give them cut bluntes to bomb
• 1:03:52
  Speaker 1: what they need, to bump, to destroy what they need
• 1:03:54
  Speaker 1: to destroy, and to bring the ships out of the
• 1:03:56
  Speaker 1: Homo Straits and to open up that channel, they can
• 1:03:58
  Speaker 1: do it. Maybe it involves putting some boots on the
• 1:04:02
  Speaker 1: ground on some of the islands. It doesn't mean marching
• 1:04:04
  Speaker 1: to te Iran, but protecting that seiling. We've done a
• 1:04:09
  Speaker 1: gazillion times more complex military operations than this, and Trump
• 1:04:22
  Speaker 1: won't do it, and that is a disaster. Now, maybe
• 1:04:26
  Speaker 1: with this new effort he will. But again, every every
• 1:04:29
  Speaker 1: indication is that he wants a quick, thorough bombing. Now,
• 1:04:33
  Speaker 1: it's true that if he gets regime change in Iran,
• 1:04:36
  Speaker 1: he doesn't have to risk anything with opening up the
• 1:04:39
  Speaker 1: Straits of Homos. But regime change in Iran is not
• 1:04:41
  Speaker 1: going to be quick. There's no as far as I
• 1:04:46
  Speaker 1: can tell, there's no plan for quick regime change. This
• 1:04:51
  Speaker 1: is going to be weeks and really thorough, and it's
• 1:04:53
  Speaker 1: going to involve devastating it, and it risks the Uranians
• 1:04:59
  Speaker 1: bombing facilities and energy facilities all over them at least,
• 1:05:03
  Speaker 1: and I mean there's a real risk, particularly now that
• 1:05:06
  Speaker 1: the cease fire has given the Uranians the opportunities to
• 1:05:09
  Speaker 1: dig out their bailistic missile launchers. And I mean, God again,
• 1:05:15
  Speaker 1: boggles the mind. I'm so frustrated. It's hard, so frustrated
• 1:05:22
  Speaker 1: because the reality is that if there was no cease fire,
• 1:05:26
  Speaker 1: if they just continued for a few more weeks, and
• 1:05:30
  Speaker 1: if they'd actually devoted the resources opening the almost straits,
• 1:05:33
  Speaker 1: this regime and Iran would be dead by now. Instead,
• 1:05:36
  Speaker 1: we've given it a second wind, or a third wind
• 1:05:38
  Speaker 1: or fourth wind and allowed it to survive. And that
• 1:05:41
  Speaker 1: means American kids might die for no reason. An American
• 1:05:49
  Speaker 1: deterrence is gone, at least for now. It's just frustration,
• 1:05:56
  Speaker 1: is I think the main emotion, if you will, the
• 1:06:00
  Speaker 1: soul generates. All right, I'll just mention that we do
• 1:06:07
  Speaker 1: have goals. Fundraising goals for this show. We try to
• 1:06:12
  Speaker 1: raise two hundred and fifty dollars for every hour that
• 1:06:15
  Speaker 1: I broadcast. We are way way way behind on that,
• 1:06:21
  Speaker 1: so you know, way behind on it, So please consider
• 1:06:28
  Speaker 1: supporting the show, if you value the news that I do.
• 1:06:31
  Speaker 1: If you value these shows, we've got one hundred and
• 1:06:34
  Speaker 1: twenty five people listening right now live, the two three
• 1:06:38
  Speaker 1: thousand who will listen or too three thousand, five thousand
• 1:06:41
  Speaker 1: who will listen to this in one format or another
• 1:06:44
  Speaker 1: in the next few days. Then value for value, guys.
• 1:06:49
  Speaker 1: Value for you, I go to Patreon or you can
• 1:06:51
  Speaker 1: do it here right now, right now live is there's
• 1:06:56
  Speaker 1: a there's a threshold that makes these lives was worthwhile doing.
• 1:07:01
  Speaker 1: And so please consider supporting the live shows and getting
• 1:07:07
  Speaker 1: us to the targets we need to reach. All right,
• 1:07:12
  Speaker 1: let's see quickly on the economy front, we've got a
• 1:07:16
  Speaker 1: new chairman of the Federal Reserve, and at the same
• 1:07:18
  Speaker 1: time we face real challenges. And the biggest challenge that
• 1:07:28
  Speaker 1: the Federal Reserve is going to change is the fact
• 1:07:30
  Speaker 1: that right now, long time interstrates really going up quite
• 1:07:36
  Speaker 1: a bit. The ten year I haven't looked to the
• 1:07:43
  Speaker 1: thirty year bond, thirty year money is trading at above
• 1:07:47
  Speaker 1: five percent, which is again for those of you unfamiliar,
• 1:07:51
  Speaker 1: very high. It means your mortgage mortgage rates are going
• 1:07:56
  Speaker 1: to keep going up, not down. In spite of what
• 1:08:00
  Speaker 1: Donald Trump would like them to do. Right now, the
• 1:08:03
  Speaker 1: ten years at four point six two three. Again, the
• 1:08:07
  Speaker 1: tenure is what the mortgage rates feed off of. It's
• 1:08:12
  Speaker 1: the ten year plus something. Even though the Federal Reserve
• 1:08:17
  Speaker 1: is not moving it the short term interest rate, they're
• 1:08:20
  Speaker 1: not changing the interestate pay on reserves that the banks hold.
• 1:08:22
  Speaker 1: That the Fed, the market which dictates long term, is
• 1:08:27
  Speaker 1: raising interest rates. And they're raising interest rates for a
• 1:08:30
  Speaker 1: couple of reasons. One, right now, prices are going up,
• 1:08:38
  Speaker 1: and the reality is that the Fed, in spite of
• 1:08:41
  Speaker 1: its claims that it is, you know, restricting the money supply,
• 1:08:45
  Speaker 1: has actually been fairly loose in the money supply M two,
• 1:08:49
  Speaker 1: a measure of the amount of money in the economy,
• 1:08:51
  Speaker 1: has been going up, and the market is fearful of
• 1:08:55
  Speaker 1: monitoring inflation, so they're pricing it. They're pricing it into
• 1:09:00
  Speaker 1: interest rates. Again, when interstates are this high, it means
• 1:09:05
  Speaker 1: businesses are borrowing costs a high. It means your borrowing
• 1:09:08
  Speaker 1: costs when you go get a mortgage is high. And
• 1:09:13
  Speaker 1: of course it means, by the way, the government's borrowing
• 1:09:15
  Speaker 1: costs a high. The government just issued thirty year bonds
• 1:09:18
  Speaker 1: at over five percent. You pay for that, you pay
• 1:09:22
  Speaker 1: interest on that, that's you your tax money. So right now,
• 1:09:29
  Speaker 1: you know, ten year bonds are way up, thirty year
• 1:09:34
  Speaker 1: bonds way up. And this, by the way, is true
• 1:09:36
  Speaker 1: in England and Europe. Under the what we're seeing in Japan,
• 1:09:40
  Speaker 1: we're seeing the marketplace, not the central bankers, but the
• 1:09:44
  Speaker 1: marketplace basically saying the risk of inflation is very, very high.
• 1:09:53
  Speaker 1: And you know, maybe that is what the reason the
• 1:09:57
  Speaker 1: gold is it still at forty five forty six hundred dollars.
• 1:10:03
  Speaker 1: And it also suggests that the market is saying, God,
• 1:10:10
  Speaker 1: all these governments around the world are running massive deficits,
• 1:10:15
  Speaker 1: huge amount of debt. How are they ever going to
• 1:10:19
  Speaker 1: pay for that? How are they ever gonna pay for that?
• 1:10:25
  Speaker 1: So there might even be a default risk, or that
• 1:10:29
  Speaker 1: is added onto the inflation risk. They could inflate it away,
• 1:10:32
  Speaker 1: they could default. Either way, it's a risk that the
• 1:10:35
  Speaker 1: market has to price. And again, these high interest rates
• 1:10:39
  Speaker 1: make life more expensive. And in spite of the fact
• 1:10:48
  Speaker 1: that expectations were that interstrates would that the FED fund rate,
• 1:10:51
  Speaker 1: the show term rate, the FED the rate the Fed
• 1:10:53
  Speaker 1: controls would go down, that interstates would go down because
• 1:10:58
  Speaker 1: Kevin Walsh is the new Federal Chairman and he's a
• 1:11:01
  Speaker 1: Trump appointee. In Trump points the interestates to go down.
• 1:11:04
  Speaker 1: At this point, he can't lower them given long term
• 1:11:08
  Speaker 1: rates are going up in the opposite direction, and Kevin
• 1:11:14
  Speaker 1: Wallas wants to stop the printing press. He says, what
• 1:11:18
  Speaker 1: effect is that going to have on the economy on
• 1:11:24
  Speaker 1: interest rates? So we're facing quite a few challenges, particularly
• 1:11:29
  Speaker 1: at the at the Federals of level, and whether he
• 1:11:35
  Speaker 1: raises interestrates, lowers interest rates, clamps down on the money creation.
• 1:11:40
  Speaker 1: You do that by basically starting to sell bonds instead
• 1:11:45
  Speaker 1: of buy bonds, which is how the Federals of influences
• 1:11:49
  Speaker 1: to supply money. All of that is something that people
• 1:11:53
  Speaker 1: are going to watch very very carefully in the days
• 1:11:56
  Speaker 1: to come, and it's it's going to be really really interesting.
• 1:12:03
  Speaker 1: I you know, the next time the Fed meets, what
• 1:12:05
  Speaker 1: they conclude and they kind of start watching and listening
• 1:12:09
  Speaker 1: to what Wash actually says about it. One thing we know,
• 1:12:14
  Speaker 1: Congress is doing nothing to reduce the deficit. Trump is
• 1:12:18
  Speaker 1: doing nothing to reduce the deficit. There is no effort
• 1:12:22
  Speaker 1: to pay back the debt and reduce the deficit. So
• 1:12:26
  Speaker 1: that is a given this administration will do nothing. Now
• 1:12:31
  Speaker 1: what now? So you know we need to beware all
• 1:12:39
  Speaker 1: right quickly. At the same time, the Democrats are going
• 1:12:45
  Speaker 1: completely you know, basically nuts. They are they they they
• 1:12:52
  Speaker 1: realize that the just like for the Republicans, maga is
• 1:13:00
  Speaker 1: where the action is, Mega is what determines the primaries.
• 1:13:03
  Speaker 1: For the left, it's the crazy socialist the Hamas loving
• 1:13:09
  Speaker 1: you know, envious haters of the of wealth who determine
• 1:13:14
  Speaker 1: who wins in the primaries. And what you're seeing right
• 1:13:19
  Speaker 1: now is the center of the Democratic Party moving to
• 1:13:23
  Speaker 1: the center, presenting a adult, semi rational, centrist opposition to Trump.
• 1:13:35
  Speaker 1: We're seeing the Democratic Party move radically to.
• 1:13:39
  Speaker 2: The left, to embracing more and more anti wealth, anti market,
• 1:13:49
  Speaker 2: anti American, anti Israel policies.
• 1:13:56
  Speaker 1: In order to appease their base. Democratic senators right now
• 1:14:01
  Speaker 1: advancing a series of tax proposals that they say we'll
• 1:14:07
  Speaker 1: raise trillions of new federal revenue. Four major proposals this year,
• 1:14:14
  Speaker 1: all aimed at millionaires and billionaires. Right Bernie Sanders and
• 1:14:21
  Speaker 1: Rocan have introduced Make Billionaires Pay their Face Share Act.
• 1:14:27
  Speaker 1: The proposal would impose a five percent annual wealth tax
• 1:14:30
  Speaker 1: five percent and your wealth. Every year you pay five
• 1:14:33
  Speaker 1: percent on your wealth. They keep taxing your wealth over
• 1:14:37
  Speaker 1: and over and over again every year. That would be billionaires.
• 1:14:44
  Speaker 1: On any wealth exceeding one billion than nine hundred and
• 1:14:47
  Speaker 1: thirty eight Americans who do that talk about equality before
• 1:14:50
  Speaker 1: the law. We're going to single out nine hundred and
• 1:14:52
  Speaker 1: thirty eight Americans, particularly successful ones, and we're going to
• 1:14:56
  Speaker 1: really penalize them. We're going to go after those bastards.
• 1:15:01
  Speaker 1: That's Bonnie Sanders. Elizabeth Ian has introduced the Ultra Millionaire
• 1:15:06
  Speaker 1: Tax Act, which I mean imposed a two percent annual
• 1:15:09
  Speaker 1: tax on households wealth above fifty million and a three
• 1:15:13
  Speaker 1: percent tax on wealth above one billion. And do you
• 1:15:18
  Speaker 1: think that won't be reduced to ten million and then
• 1:15:22
  Speaker 1: maybe to one million, and then in an emergency, well,
• 1:15:25
  Speaker 1: we have to text your wealth if you have more
• 1:15:27
  Speaker 1: than one hundred thousand. Boyd Whiten and Chris van Holn
• 1:15:42
  Speaker 1: to Democrat senators. They have introduced separate proposals targeting unrealized
• 1:15:47
  Speaker 1: capital gains and dynastic wealth. Uh. Of course, economists, leftist economists,
• 1:15:59
  Speaker 1: competent left its economists are projecting this is going to
• 1:16:02
  Speaker 1: be in trillions of dollars. You know, all of this
• 1:16:07
  Speaker 1: was tryed in Europe. And what's amazing about Europe is
• 1:16:12
  Speaker 1: that Europe was kind of given up on wealth taxes.
• 1:16:15
  Speaker 1: It doesn't work. People leave, The revenue that came in
• 1:16:22
  Speaker 1: was a lot less than what people expected, and in
• 1:16:25
  Speaker 1: some cases, like in No Way, it was negative what
• 1:16:29
  Speaker 1: they made on the wealth tax. They lost an income
• 1:16:31
  Speaker 1: taxes because of people leaving. People find ways around and
• 1:16:40
  Speaker 1: avoid it to avoid them. So these measures never deliver
• 1:16:47
  Speaker 1: on what they promise, and he had Democrats keep doubling
• 1:16:53
  Speaker 1: up and going after them. They play to the envy,
• 1:16:57
  Speaker 1: they play to the worst elements. I mean, Spain still
• 1:17:04
  Speaker 1: has a wealth tax, one of the few places that
• 1:17:06
  Speaker 1: still has them. I mean Democrats always wanted to make
• 1:17:09
  Speaker 1: America like Europe. Well, this is where they are doing
• 1:17:13
  Speaker 1: the exact opposite of what Europe has done. Austria, France, Sweden,
• 1:17:19
  Speaker 1: Finland and Denmark. Sweden and Denmark and Finland have all
• 1:17:24
  Speaker 1: repealed their wealth taxes between nineteen ninety four and twenty
• 1:17:28
  Speaker 1: eighteen because they didn't bring in much in and they
• 1:17:33
  Speaker 1: created real harm. Spain and I'm not even talking about
• 1:17:38
  Speaker 1: the morality of taxing a few people at such high rates.
• 1:17:45
  Speaker 1: That's you know, legal highway robbery or the robbery is illegal, Tom,
• 1:17:51
  Speaker 1: But anyway, you know what I mean. Spain has a
• 1:17:54
  Speaker 1: wealth tax, one of the few places still has. It
• 1:17:57
  Speaker 1: generates about zero point two percent of gross domestic product
• 1:18:01
  Speaker 1: point two. That'll change the world. We're running two trillion
• 1:18:08
  Speaker 1: dollar deficits on top of a thirty seven trillion dollar
• 1:18:13
  Speaker 1: debt with no end insight, zero in insight, and social
• 1:18:20
  Speaker 1: security in medicaid, just ramping up and ramping up and
• 1:18:23
  Speaker 1: ramping up and ramping up and again. The youth and
• 1:18:35
  Speaker 1: the mainstay Democrats are just moving further to the left
• 1:18:39
  Speaker 1: and further to the left and further to the left
• 1:18:42
  Speaker 1: to be socialist right now? Is cool? Cool? A significant
• 1:18:51
  Speaker 1: number of college students now a view socialism favorably, and
• 1:19:01
  Speaker 1: you're getting candidates to reflect that. Across the entire country.
• 1:19:05
  Speaker 1: You're seeing Democrats who are just dedicated to envy and
• 1:19:11
  Speaker 1: to socialist type policies, you know, single payer and everything
• 1:19:17
  Speaker 1: else that that entails. All right, guys, that is the news.
• 1:19:23
  Speaker 1: So you know, good news today. That is the news
• 1:19:26
  Speaker 1: on this May Monday, May eighteenth, all right. I will
• 1:19:32
  Speaker 1: continue to remind you that should ask questions that way,
• 1:19:38
  Speaker 1: you get to shape the show, get to shape the
• 1:19:40
  Speaker 1: nature of the show. I mean you can just as
• 1:19:43
  Speaker 1: Michael is not here today or not asking questions today,
• 1:19:45
  Speaker 1: so revenue crashes. It's not good. That's not good. It's
• 1:19:50
  Speaker 1: not good. We need to be able to grow, not shrink.
• 1:19:54
  Speaker 1: All right, let me we've got some stickers. Let me
• 1:19:59
  Speaker 1: thanks on the stickers. Bunnie, thank you, Ryan, thank you, Tony,
• 1:20:05
  Speaker 1: thank you, CP Milkin, thank you, Roland, thank you, William,
• 1:20:10
  Speaker 1: thank you, Nature Observer John and Oily and then uh
• 1:20:17
  Speaker 1: we also got Katherine from Europe and Darlene and p Ferris.
• 1:20:23
  Speaker 1: Thank you. Guys, really appreciate the support. And yeah, let's uh,
• 1:20:31
  Speaker 1: let's uh. Let me remind you also those of you
• 1:20:33
  Speaker 1: are listening after the fact, you're not here live or
• 1:20:36
  Speaker 1: maybe you're on Twitter or somewhere else. Hey, if you're
• 1:20:39
  Speaker 1: if you're on Twitter, you can come over with YouTube
• 1:20:41
  Speaker 1: and participate in the super chat and ask questions. But uh,
• 1:20:44
  Speaker 1: for those of you who are not here live listening
• 1:20:48
  Speaker 1: on a podcast, Apple or on YouTube lata, you can
• 1:20:53
  Speaker 1: support the show on Patreon Patreon dot com. Just you can.
• 1:20:57
  Speaker 1: You can become a monthly supporter two dollars anyway way
• 1:21:00
  Speaker 1: up to one thousand dollars or ten dollars you get
• 1:21:03
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• 1:21:06
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• 1:21:09
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• 1:21:13
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• 1:21:16
  Speaker 1: month of AMAS and one hundred dollars or two hundred
• 1:21:20
  Speaker 1: and fifty dollars you get a one on one with
• 1:21:21
  Speaker 1: me once a quarter of five hundred dollars a one
• 1:21:23
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• 1:21:27
  Speaker 1: adjoining at any one of those levels and helping the
• 1:21:31
  Speaker 1: show grow grow. Remember this my time. You're paying for
• 1:21:38
  Speaker 1: my time, for my prep, for my delivering this. Every
• 1:21:41
  Speaker 1: one of these shows requires hours of prep. Have to
• 1:21:46
  Speaker 1: read the news, scan the news, figure out what would
• 1:21:48
  Speaker 1: makes sense, what doesn't make sense, and what view I
• 1:21:51
  Speaker 1: have on it? All. Right, let's see. I want to
• 1:21:57
  Speaker 1: remind you the Imin Institute is is we have OCONN
• 1:22:01
  Speaker 1: the annual conference. It's going to be New Orleans at
• 1:22:04
  Speaker 1: the end of June. And if you're under thirty five
• 1:22:07
  Speaker 1: you can apply for scholarship. I think the last day
• 1:22:10
  Speaker 1: to apply for scholarship is tomorrow, So today tomorrow. Consider
• 1:22:15
  Speaker 1: if you're under thirty five. I don't see why you
• 1:22:17
  Speaker 1: would not do this. It's like a no brainer to apply.
• 1:22:21
  Speaker 1: Wors that can happen as they turn you down. You're
• 1:22:23
  Speaker 1: no worse shape than you are right now. But if
• 1:22:25
  Speaker 1: you get the scholarship, you get to come almost for
• 1:22:28
  Speaker 1: free to OCONN, which is a fantastic conference. I'll be
• 1:22:32
  Speaker 1: speaking there. There'll be a lot of other objectives speakers there.
• 1:22:37
  Speaker 1: It'll be it's a great place socially to hang out
• 1:22:39
  Speaker 1: to meet new people. Yeah, so check it out. Iinran
• 1:22:44
  Speaker 1: dot oag slash ybs. Iinran dot oak slash ybs and
• 1:22:48
  Speaker 1: get information about getting a scholarship to OCONN. Let's see
• 1:22:56
  Speaker 1: Alex Epstein. Alex Epstein dot com is the number one,
• 1:23:02
  Speaker 1: really think, the advocate for freedom in American business and
• 1:23:09
  Speaker 1: in certainly in the energy space. He's also now doing
• 1:23:13
  Speaker 1: AI and a lot of regulatory stuff. He's actually got
• 1:23:17
  Speaker 1: a lobbying on. I mean, Alex is doing a huge
• 1:23:21
  Speaker 1: amount right now to try to change this country and
• 1:23:23
  Speaker 1: try to help us in spite of the hole politics involved.
• 1:23:28
  Speaker 1: You should at least be reading Alex incredibly informative, incredibly educational.
• 1:23:36
  Speaker 1: You you get immediate payoff, a greater understanding what's going
• 1:23:39
  Speaker 1: on in the world and and kind of the context
• 1:23:42
  Speaker 1: and the verbiage, and how to how to debate these
• 1:23:45
  Speaker 1: issues and how to communicate them to a to an audience.
• 1:23:49
  Speaker 1: Check out alex Epstein dot substack dot com alex Epstein
• 1:23:52
  Speaker 1: dot substack dot com. All right, don't forget Patreon, and
• 1:23:58
  Speaker 1: let's jump into some of this super chat questions. Not
• 1:24:01
  Speaker 1: you have a jogor withithm ask any advice for anger
• 1:24:05
  Speaker 1: management issues, particularly in work environment. I mean, first, you
• 1:24:11
  Speaker 1: have to be able to control your anger. You have
• 1:24:14
  Speaker 1: to be able to not let it shape your behavior.
• 1:24:20
  Speaker 1: Your behavior need to be guided by your reason. So
• 1:24:24
  Speaker 1: you get angry, find a place to calm down, Find
• 1:24:30
  Speaker 1: you know your place psychologically, inside your head, physically, whether
• 1:24:35
  Speaker 1: it's another office or a place, or go for a
• 1:24:39
  Speaker 1: walk or something. But don't let your anger dictate your behavior,
• 1:24:44
  Speaker 1: dictate what you say and how you say it in
• 1:24:47
  Speaker 1: a work setting or in any setting for that matter.
• 1:24:51
  Speaker 1: You want to be able to say whatever you want
• 1:24:53
  Speaker 1: to say and do whatever you want to do based
• 1:24:56
  Speaker 1: on really considered thought, not based on an emotional response
• 1:25:02
  Speaker 1: at in the moment. So take a time out, figure
• 1:25:08
  Speaker 1: out how to how to do that, how to control it,
• 1:25:12
  Speaker 1: and then figure out what the best way to express
• 1:25:15
  Speaker 1: your frustration, to express your dissatisfaction, to express the fact
• 1:25:20
  Speaker 1: that you don't like what's going on to whoever is involved,
• 1:25:24
  Speaker 1: and in the best most rational, calm way possible. So, Uh,
• 1:25:32
  Speaker 1: the most important thing is to get it under control it.
• 1:25:36
  Speaker 1: They'll not let it be how you know, the guy
• 1:25:40
  Speaker 1: the guide to your action, you know, and in a
• 1:25:46
  Speaker 1: in a in a work environment, it can be very explosive,
• 1:25:49
  Speaker 1: and they can be they can be real consequences. Uh.
• 1:25:53
  Speaker 1: And you do not want to show that. You do
• 1:25:55
  Speaker 1: not want to You do not want to have that
• 1:25:59
  Speaker 1: be holp people perceive you, people on your team, your bosses,
• 1:26:04
  Speaker 1: and so on. So step aside, go to a calm place. Uh.
• 1:26:09
  Speaker 1: Put it in perspective. Always have perspective on whatever it
• 1:26:13
  Speaker 1: is that's causing your anger. Why is this causing me
• 1:26:16
  Speaker 1: to feel the way I'm feeling? What is the threat here?
• 1:26:20
  Speaker 1: What is there is there an injustice? How what is
• 1:26:22
  Speaker 1: the best way to deal with an injustice? Is it
• 1:26:24
  Speaker 1: to yell at them right now? Probably not? So figure
• 1:26:30
  Speaker 1: out what the best way to deal with it and
• 1:26:32
  Speaker 1: deal with it. Thank you. Not you have a jog
• 1:26:36
  Speaker 1: with him, Richard, I am saddened by how much AI,
• 1:26:42
  Speaker 1: how much AI negativity there is from Elon and other
• 1:26:45
  Speaker 1: leading AI entrepreneurs. Yeahs, as they're building the things that
• 1:26:48
  Speaker 1: they claim are going to destroy us. It's weird. So uh, yes,
• 1:26:54
  Speaker 1: I'm sadden with you. Also looking forward to you a
• 1:26:57
  Speaker 1: sponsored show and nuclear energy. Yes, I apologize for taking
• 1:26:59
  Speaker 1: so long. I'm still not quite ready on it. I
• 1:27:03
  Speaker 1: was sick last week and I was traveling and everything.
• 1:27:05
  Speaker 1: I expect that it will be in June, so I apologize,
• 1:27:09
  Speaker 1: but I think it's going to take me a little
• 1:27:11
  Speaker 1: while to ramp up to that. I've got a few
• 1:27:13
  Speaker 1: things I have to finish, and then in June we're
• 1:27:16
  Speaker 1: going to do that show. So that's a sponsored show.
• 1:27:20
  Speaker 1: It'll be on a Saturday. One of the Saturdays in June,
• 1:27:23
  Speaker 1: will do the Nuclear Energy show. Molten's Splendid just came
• 1:27:28
  Speaker 1: in with one hundred dollars. Thank you, Moulten Splendor. That
• 1:27:31
  Speaker 1: kind of saved the show financially, so thank you. It's
• 1:27:34
  Speaker 1: still way beneath where we need to be, but that's
• 1:27:38
  Speaker 1: a much much better position with one hundred dollars. Thank you,
• 1:27:42
  Speaker 1: Mold Splendor, says, Ran talks about the importance of the
• 1:27:45
  Speaker 1: men of the mind saving the world. I include you
• 1:27:49
  Speaker 1: in the category thank you. I know I am in
• 1:27:53
  Speaker 1: more of an Eddie Willers category. So it is important
• 1:27:57
  Speaker 1: for me and my life support you and what you
• 1:28:01
  Speaker 1: stand for, who you reach. Thank you for being you well.
• 1:28:05
  Speaker 1: Thank you that is that is a real tribute, and
• 1:28:07
  Speaker 1: I really really appreciate that. Thank you. Yes, I mean, uh,
• 1:28:13
  Speaker 1: you know, I I do what I can to try
• 1:28:16
  Speaker 1: to fight for a better world, for better America first
• 1:28:20
  Speaker 1: and foremost, and for a better world overall. You know
• 1:28:25
  Speaker 1: that we have to we have to keep fighting. There's
• 1:28:28
  Speaker 1: no alternative. And some of us use the microphone to
• 1:28:32
  Speaker 1: fight and others use the pocketbook to fight. But fighting
• 1:28:38
  Speaker 1: has to happen. Uh, We've got to get the word
• 1:28:41
  Speaker 1: out there. We've we've got to articulate a message and
• 1:28:45
  Speaker 1: fight for it. And it's great now to have other
• 1:28:48
  Speaker 1: people joining the fight, like Nikos and others, and of
• 1:28:51
  Speaker 1: course everybody at a right and and we need we
• 1:28:55
  Speaker 1: need more. And one of the things that you supporting
• 1:28:59
  Speaker 1: your own show does if it gives people a sense
• 1:29:03
  Speaker 1: that you can actually make money you can actually make
• 1:29:05
  Speaker 1: a living by doing this kind of thing. So it's
• 1:29:08
  Speaker 1: not just help. It's not just that it it helps
• 1:29:10
  Speaker 1: me financially, but because it helps me financially, it makes
• 1:29:13
  Speaker 1: me doing the show possible. It also inspires other people
• 1:29:17
  Speaker 1: to say, huh, I could do that. There is an audience,
• 1:29:21
  Speaker 1: and there are people willing to pay for the voice,
• 1:29:26
  Speaker 1: and that I'm hoping, well go. It's going to inspire
• 1:29:29
  Speaker 1: a whole new generation of young intellectual speaking up, whether
• 1:29:35
  Speaker 1: it's speaking, whether it's writing, but creating content, and I
• 1:29:39
  Speaker 1: hope you support them in addition to supporting me. Thank you,
• 1:29:44
  Speaker 1: Molton splendid, really appreciate it. Action Jackson, what is your
• 1:29:48
  Speaker 1: favorite restaurant in Chicago? I know you've mentioned it before,
• 1:29:51
  Speaker 1: but I can't remember the name. It's Alanea. I can't
• 1:29:54
  Speaker 1: remember how it's spelled, but Ellenea. I mean, I haven't
• 1:29:56
  Speaker 1: been there in many, many years, but I believe it's
• 1:30:00
  Speaker 1: still run by the same chef and I'm sure it's
• 1:30:01
  Speaker 1: still outstanding. I thought it was one of the best
• 1:30:04
  Speaker 1: restaurants I've been to anywhere in the world when we
• 1:30:08
  Speaker 1: ate there, and yeah, I mean Ellen al So I
• 1:30:12
  Speaker 1: would if you have an opportunity. It's it's a it's
• 1:30:17
  Speaker 1: really a spectacular experience, and you might want to read
• 1:30:22
  Speaker 1: up about the chef. He has an inspiring story, a
• 1:30:25
  Speaker 1: really inspiring story and them. Do you want Massey to
• 1:30:35
  Speaker 1: win his primary? I do in spite of a man
• 1:30:39
  Speaker 1: of liking him. I do only because I want to
• 1:30:43
  Speaker 1: repudiate Trump. So I wanted to win. It's just as
• 1:30:48
  Speaker 1: an anti Trump thing, not because I like him. But
• 1:30:54
  Speaker 1: it can't be that everybody stands up for Trump just loses.
• 1:30:57
  Speaker 1: That is a very, very, very bad message. Linda, Why
• 1:31:02
  Speaker 1: do you think people are afraid to confront the Trump insanity?
• 1:31:05
  Speaker 1: Fear of retribution didn't stop us. Yeah, I mean you're unique,
• 1:31:10
  Speaker 1: and most people are afraid of atribution. Absolutely, they're fraid
• 1:31:14
  Speaker 1: of attribution. And if you're a Republican and you have
• 1:31:17
  Speaker 1: political ambition, if you're anti Trump, you're dead. You're finished.
• 1:31:22
  Speaker 1: Think of what happened to Cheney, and think about what
• 1:31:26
  Speaker 1: happened just happened to Cassidy, and think of what happened
• 1:31:28
  Speaker 1: to Paul Ryan, and think about what happened to so
• 1:31:31
  Speaker 1: many people within the Republican Party who are gone, disappeared
• 1:31:36
  Speaker 1: because they stood up to Trump, because they confronted Trump, Mike,
• 1:31:45
  Speaker 1: is it true that a company must grow or die?
• 1:31:47
  Speaker 1: Isn't it possible to go to not go public, so
• 1:31:51
  Speaker 1: that the owner could possibly stand up to government cosion. Well,
• 1:31:54
  Speaker 1: I don't see why you can't stand up to goverment
• 1:31:56
  Speaker 1: cosion even if you're public up to a point. But yeah,
• 1:31:59
  Speaker 1: you don't have to go public. You can still grow
• 1:32:02
  Speaker 1: even without going public. But you do need to grow,
• 1:32:06
  Speaker 1: you know, I don't think generally in life, in every
• 1:32:08
  Speaker 1: aspect in life, stagnation is not an option. Stagnation is
• 1:32:14
  Speaker 1: just a slow death. So growth, growth of knowledge, growth
• 1:32:19
  Speaker 1: of you know, just growth of activity. You've got to
• 1:32:23
  Speaker 1: be active, and that's true of a business. It's got
• 1:32:27
  Speaker 1: to continue to grow core business in order to stay alive,
• 1:32:34
  Speaker 1: to innovate, to increase productivity, to increase efficiency constantly. But
• 1:32:40
  Speaker 1: that doesn't mean you have to go public. A lot
• 1:32:42
  Speaker 1: of companies can stay private. In most companies, ninety plus
• 1:32:45
  Speaker 1: percent of all companies never go public. Saturday versus Sunday.
• 1:32:52
  Speaker 1: Looking for the silver aligning. Maybe Trump avert corruption will
• 1:32:55
  Speaker 1: turn the voters ie to government. Corruption over all doesn't
• 1:32:59
  Speaker 1: seem to be happen. Seemed like Biden DEM's a better
• 1:33:02
  Speaker 1: at hiding corruption. I know I'm reaching here, No, I
• 1:33:06
  Speaker 1: mean no, I just think Trump has taken it to
• 1:33:08
  Speaker 1: a new level. He's just much better and bold and
• 1:33:13
  Speaker 1: doesn't give it d am and doesn't care what people
• 1:33:15
  Speaker 1: think of him and doesn't care what they write about him.
• 1:33:18
  Speaker 1: He's sue me is his attitude. He just doesn't care
• 1:33:23
  Speaker 1: and he goes all in, which I don't think any
• 1:33:26
  Speaker 1: Democrat had the balls to do. So. No, I don't
• 1:33:29
  Speaker 1: think they were better at it. I think he's bold
• 1:33:32
  Speaker 1: and more corrupt than they were. But I think he's
• 1:33:37
  Speaker 1: setting a new benchmark to which lots of people will
• 1:33:41
  Speaker 1: want to aspire to. I mean, I don't know if
• 1:33:44
  Speaker 1: you followed the inside of trading thing with him. We
• 1:33:47
  Speaker 1: now have trades that he's made, and he's constantly trading
• 1:33:51
  Speaker 1: stocks that he is with companies he's engaged in that
• 1:33:56
  Speaker 1: he then promotes and then he makes money and he sells.
• 1:34:00
  Speaker 1: So it's never been this level of corruption, not even close. Harrison.
• 1:34:08
  Speaker 1: Remember the entire year of lawlessness, riots and awesome preceding
• 1:34:14
  Speaker 1: January sixth. What happened to the people who did that, Well,
• 1:34:18
  Speaker 1: it's irrelevant. So there was very little was done with
• 1:34:24
  Speaker 1: them because in that case, law enforcement was local, and
• 1:34:30
  Speaker 1: a lot of the cities that burned are cities that
• 1:34:32
  Speaker 1: embraced the rioters, like Chicago, and it's horrific. It's an
• 1:34:36
  Speaker 1: injustice that they weren't persecuted, but you know, there's very
• 1:34:41
  Speaker 1: little it could be done. But there's also big difference
• 1:34:44
  Speaker 1: between rioting in the cities and between January sixth. By
• 1:34:50
  Speaker 1: the way, none of those people got rewarded for the riots,
• 1:34:53
  Speaker 1: although they might have been rewarded by the fact that
• 1:34:55
  Speaker 1: they got to keep the stuff they stole, but they
• 1:34:57
  Speaker 1: didn't get cash payments from the government. The big difference
• 1:35:03
  Speaker 1: is the January sixth was an attack on the very
• 1:35:05
  Speaker 1: foundations of American government. There was an attack on our
• 1:35:09
  Speaker 1: system of government. It was an attack on the very
• 1:35:14
  Speaker 1: federal nature of this country. So and and those all
• 1:35:27
  Speaker 1: federal violations. It was also known who they were because
• 1:35:32
  Speaker 1: they walk caught on camera, and they could be easily
• 1:35:37
  Speaker 1: prosecuted and put in jail. Now, I don't know how
• 1:35:42
  Speaker 1: many of the rioters were captured ultimately and put in
• 1:35:46
  Speaker 1: jail in place like Chicago and Seattle and Portland. Not enough,
• 1:35:52
  Speaker 1: nowhere near enough, no question about that. But those the
• 1:35:57
  Speaker 1: local issues that relate to eight police and state law
• 1:36:01
  Speaker 1: and local authorities. And it's their responsibility defending the US Constitution,
• 1:36:08
  Speaker 1: preserving the sanctity of our elections and of the political
• 1:36:13
  Speaker 1: process itself. It's very nature, is the responsibility of federal government,
• 1:36:17
  Speaker 1: and it needs to be done. And what the Slash
• 1:36:20
  Speaker 1: Fund is going to do is reward these people, not
• 1:36:22
  Speaker 1: just not punished them, but will ward the one person's
• 1:36:27
  Speaker 1: lawlessness does justify your lottestness. And they're again on two
• 1:36:33
  Speaker 1: different levels, two different types. One is just plain day
• 1:36:42
  Speaker 1: to day you know, you know these are cooks. The
• 1:36:48
  Speaker 1: other is a direct attack. Jeffery says Ellen A and Chicago.
• 1:36:55
  Speaker 1: I need to go. You do need to go, Jeffrey.
• 1:36:57
  Speaker 1: You know again, I haven't been needy years and I
• 1:37:00
  Speaker 1: don't see Ellen are listed as it used to be
• 1:37:03
  Speaker 1: listed as the number one restaurant in the US. You know,
• 1:37:06
  Speaker 1: it was there many times, and it doesn't make the
• 1:37:09
  Speaker 1: lists anymore. But I think that's just because at some
• 1:37:14
  Speaker 1: point the reviewers. I think it might have even lost
• 1:37:18
  Speaker 1: a star, if that's I think it went from three
• 1:37:20
  Speaker 1: stars to two stars. Maybe I'm wrong, but I think
• 1:37:22
  Speaker 1: that happened. But it was such a you know, it's
• 1:37:26
  Speaker 1: just an amazing meal. He is an amazing chef, and
• 1:37:30
  Speaker 1: it's definitely worth It's worth trying, and I'm curious if
• 1:37:37
  Speaker 1: it's still at the same level it used to be.
• 1:37:40
  Speaker 1: Stephen says, well done. Cinematic mini series A bound about
• 1:37:48
  Speaker 1: about this day and age, many classic literary adaptations to
• 1:37:53
  Speaker 1: multiple different ones. How is Atlas and Rand's other novels
• 1:37:57
  Speaker 1: not in development? What's holding it back? Oh? I think
• 1:38:01
  Speaker 1: what's holding it back is the idea, isn't it. What's
• 1:38:06
  Speaker 1: holding it back is the fear of developing and not
• 1:38:10
  Speaker 1: being able to sell it. It's an atlestructive particularly, would
• 1:38:14
  Speaker 1: be a very expensive project, so you know, I think.
• 1:38:22
  Speaker 1: I think what's holding it back is Iran. It's an
• 1:38:25
  Speaker 1: Ivan project. What's holding it back is the philosophy of Hollywood.
• 1:38:30
  Speaker 1: I think money can be raised. I think it's finding
• 1:38:33
  Speaker 1: writers and producers and directors who would be willing to
• 1:38:35
  Speaker 1: be associated with the project of a level that will
• 1:38:38
  Speaker 1: justify the investment. Linda says they only have two stars now. Yeah,
• 1:38:45
  Speaker 1: I remember reading maybe a year or two ago that
• 1:38:47
  Speaker 1: they lost the star. But it's still probably a really unique,
• 1:38:54
  Speaker 1: extraordinary experience. It's not remember, right, it's not like there
• 1:39:01
  Speaker 1: are many restaurants in the United States like Ellenai inter.
• 1:39:04
  Speaker 1: It's a style of food and and and and so on,
• 1:39:08
  Speaker 1: so I recommend it. All right, thank you guys, Thanks
• 1:39:14
  Speaker 1: to all the super chatters. I appreciate it. Uh. Let's
• 1:39:18
  Speaker 1: see uh tonight. Tonight, we've got Josh Wyndham. Josh is
• 1:39:24
  Speaker 1: a lawyer at the Institute for Justice. UH. Issue for
• 1:39:30
  Speaker 1: Justice does amazing important work defending our economic and social liberties.
• 1:39:38
  Speaker 1: We'll talk about different cases, including a case that they
• 1:39:43
  Speaker 1: have against Ice and cases where they're defending property rights.
• 1:39:48
  Speaker 1: Uh and Uh. Josh is an incredible young, up and
• 1:39:52
  Speaker 1: coming defender of the liberty in the court court court room.
• 1:39:58
  Speaker 1: So h come listen to him today. He's young, and
• 1:40:03
  Speaker 1: you might be. You might be. I think you'll be
• 1:40:06
  Speaker 1: in for a real treat. And of course, you know,
• 1:40:08
  Speaker 1: in a few years he might be arguing cases in
• 1:40:10
  Speaker 1: front of the Supreme Court and you could say you
• 1:40:13
  Speaker 1: heard it first on the Iran bookshow. All right, I
• 1:40:16
  Speaker 1: will see you in a couple of hours, so it's
• 1:40:18
  Speaker 1: seven pm East Coast time. Check us out then, and
• 1:40:22
  Speaker 1: of course we will also see you tomorrow with another
• 1:40:25
  Speaker 1: news show. Bye everybody, Thanks all the super chatters. Bye,