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frontpage: fri apr 24 · frontpage

• 0:00
  Host 1: Imagine, uh, imagine you are standing at a bar in Massachusetts tonight,
• 0:03
  Host 1: just staring at a twenty dollar bill.
• 0:06
  Host 2: Right.
• 0:08
  Host 1: Now, maybe a few years ago, I mean, that twenty bucks
• 0:11
  Host 1: bought a round of drinks for you and a friend.
• 0:14
  Host 1: But tonight, according to the receipts we are looking at,
• 0:18
  Host 1: it buys exactly one tall can of black cherry White Claw.
• 0:21
  Host 2: Just one.
• 0:23
  Host 1: Literally just one.
• 0:24
  Host 1: And to understand why your weekend just got so absurdly expensive,
• 0:28
  Host 1: we actually have to travel like 6,000 miles away.
• 0:31
  Host 2: Yeah, all the way to the middle of the Indian Ocean.
• 0:34
  Host 1: Exactly. To the deck of an oil tanker that is right at this exact moment
• 0:37
  Host 1: being raided by US Special Forces.
• 0:40
  Host 2: Feels like a massive leap. Right.
• 0:42
  Host 1: But that is exactly the through-line we are tracking today.
• 0:45
  Host 1: I mean, if you look at the visual backdrop we have built behind us,
• 0:48
  Host 1: this massive glowing web of interconnected news clippings,
• 0:51
  Host 1: you can literally see how these seemingly isolated events just, well, collide.
• 0:56
  Host 1: Welcome to the deep dive.
• 0:58
  Host 1: For you, the learner who really wants to understand the why behind the what,
• 1:02
  Host 1: we've gathered just a massive stack of front pages from today.
• 1:06
  Host 1: Friday, April 24, 2026.
• 1:09
  Host 2: The whole spread. The Wall Street Journal, the New York Times, LA Times,
• 1:13
  Host 2: USA Today, Washington Post.
• 1:15
  Host 1: All of them. And our mission today is to separate the signal from the noise.
• 1:19
  Host 1: We are going to connect the dots between these massive global disruptions,
• 1:23
  Host 1: boardroom drama, and how it all trickles down to your daily life.
• 1:26
  Host 1: Right down to, you know, the loose change in your pocket.
• 1:30
  Host 2: Because we have this geopolitical conflict choking off physical resources, right?
• 1:34
  Host 1: Mm-hmm.
• 1:35
  Host 2: While simultaneously, a huge tech boom is taking off financial resources.
• 1:39
  Host 1: Yeah.
• 1:41
  Host 2: The overlap between the two is just staggering.
• 1:43
  Host 1: Okay, let's unpack this. Because we really have to start at the top
• 1:46
  Host 1: of the global food chain.
• 1:49
  Host 1: I was looking at the front page of the Wall Street Journal,
• 1:52
  Host 1: and there's this wild photo taken in the Indian Ocean.
• 1:54
  Host 1: What exactly is the US military doing boarding a ship called the Majesta X?
• 1:58
  Host 2: Right, so what you're seeing there is intense, kinetic military action.
• 2:02
  Host 2: US forces are literally repelling out of helicopters onto that sanctioned tanker.
• 2:06
  Host 1: Wow.
• 2:08
  Host 2: Yeah, and they are seizing Iranian oil,
• 2:11
  Host 2: and it's not just some isolated maneuver either.
• 2:13
  Host 1: No. The USS George H.W. Bush aircraft carrier strike group
• 2:17
  Host 1: has just arrived in the region to apply maximum pressure on Tehran.
• 2:21
  Host 2: But I mean, why the sudden escalation? What is the actual mechanism
• 2:24
  Host 2: driving the US to take such aggressive physical action right now?
• 2:28
  Host 1: Well, to understand that, we have to look at the leadership vacuum inside Iran.
• 2:32
  Host 1: What's fascinating here is the internal power shift.
• 2:35
  Host 2: Right.
• 2:37
  Host 1: The Supreme Leader, Ayatollah Mojtaba Khamenei, is essentially in hiding.
• 2:40
  Host 1: You know, he took over after an Israeli strike killed his father
• 2:43
  Host 1: back in February.
• 2:45
  Host 2: I read the intelligence reports from the sources on that,
• 2:48
  Host 2: and they indicate he is surrounded by medical staff treating his injuries,
• 2:51
  Host 2: like totally isolated from the outside world.
• 2:54
  Host 1: Exactly. And because he's isolated, he's not actually running the country.
• 2:59
  Host 1: The intelligence indicates that Iran is now effectively being run by a,
• 3:02
  Host 1: uh, a board of directors made up of Islamic Revolutionary Guard Corps generals.
• 3:06
  Host 2: A board of directors for a country.
• 3:09
  Host 1: Right. So the US and its allies aren't dealing with a single, absolute decision-maker anymore.
• 3:13
  Host 1: They are dealing with a battle-hardened collective of military commanders.
• 3:17
  Host 2: Which perfectly explains the diplomatic scramble we're seeing.
• 3:20
  Host 2: I mean, you have King Charles III in Washington right now,
• 3:23
  Host 2: trying to smooth over tensions with President Trump regarding the Iran war and the future of NATO.
• 3:27
  Host 1: Yeah, that visit is huge. And meanwhile, President Trump just announced
• 3:30
  Host 1: a three-week extension to the Israel-Lebanon ceasefire.
• 3:33
  Host 1: And over in Europe, to fill this financial void left by the US,
• 3:36
  Host 1: they are unblocking a massive 106 billion dollar loan
• 3:40
  Host 1: to keep Ukraine's economy afloat through 2029.
• 3:43
  Host 2: That is the macro level. The entire geopolitical chessboard is being rearranged.
• 3:47
  Host 1: But let's bring it home, right? Because this is where the ripple effect hits you, the listener.
• 3:51
  Host 1: The conflict has essentially blockaded the Strait of Hormuz.
• 3:55
  Host 2: Oil isn't moving.
• 3:57
  Host 1: Exactly. And the immediate mechanism of that blockade
• 4:00
  Host 1: means California jet fuel stocks have plummeted 25%.
• 4:03
  Host 1: They've dropped to 2023 levels.
• 4:06
  Host 2: And the market reaction is just instantaneous.
• 4:09
  Host 2: Air Canada is already canceling summer routes out of JFK.
• 4:12
  Host 1: Oh wow, already?
• 4:14
  Host 2: Oh yeah. European airlines are slashing tens of thousands of flights.
• 4:18
  Host 2: And for the airlines that are still flying, well, they are immediately passing
• 4:22
  Host 2: that skyrocketing fuel cost onto you.
• 4:25
  Host 1: By adding those steep baggage surcharges.
• 4:28
  Host 2: Exactly. And you know, it doesn't just stop at travel.
• 4:31
  Host 2: The collateral damage is hitting places you'd literally never expect.
• 4:34
  Host 1: Like the arts.
• 4:36
  Host 2: Yes. The Metropolitan Opera in New York just had a planned residency
• 4:39
  Host 2: in Riyadh completely killed. And because of that,
• 4:42
  Host 2: they lost a 200 million dollar lifeline from the Saudi Arabian government.
• 4:46
  Host 1: 200 million. But wait, okay, let's pause here.
• 4:50
  Host 1: Why is a legacy American arts institution relying on a foreign petrostate
• 4:53
  Host 1: to keep its doors open in the first place?
• 4:56
  Host 1: I mean, that seems incredibly risky.
• 4:59
  Host 2: Well, if we connect this to the bigger picture,
• 5:01
  Host 2: it really speaks to the utter desperation of post-pandemic arts funding.
• 5:05
  Host 2: The mechanism here is a structural deficit.
• 5:08
  Host 1: Meaning they just spend way more than they take in.
• 5:11
  Host 2: Right, domestic philanthropy simply hasn't kept pace
• 5:14
  Host 2: with the soaring operational costs of running these massive, you know, historic institutions.
• 5:19
  Host 1: So they look overseas.
• 5:21
  Host 2: Exactly. When a foreign sovereign wealth fund offers a quarter of a billion dollars
• 5:24
  Host 2: to build a quote-unquote cultural bridge, organizations like the Met
• 5:28
  Host 2: feel they basically have no choice but to take it, despite the geopolitical risk.
• 5:31
  Host 1: But as we see today, when the oil stops flowing...
• 5:35
  Host 2: When music stops playing.
• 5:37
  Host 1: Exactly. So physical fuel is bottlenecked by war.
• 5:41
  Host 1: But the sources show that the digital fuel of our era,
• 5:44
  Host 1: which is, you know, the capital needed for artificial intelligence,
• 5:47
  Host 1: is hitting its own unprecedented bottleneck.
• 5:50
  Host 2: Yeah, the physical world is constrained by oil, and the digital world is currently constrained by debt.
• 5:54
  Host 2: Specifically, data center debt.
• 5:57
  Host 2: Wall Street is genuinely terrified of bad investments right now.
• 6:00
  Host 1: I was actually reading about Oracle's 300 billion dollar mega-deal
• 6:04
  Host 1: with OpenAI to build data centers. And the reporting says
• 6:07
  Host 1: this deal is literally maxing out Wall Street.
• 6:10
  Host 2: It is.
• 6:12
  Host 1: How does a bank the size of JPMorgan actually get maxed out?
• 6:16
  Host 2: It comes down to banking capital requirements and the mechanics of what's called
• 6:19
  Host 2: single counterparty exposure.
• 6:22
  Host 1: Okay, what does that mean?
• 6:24
  Host 2: Traditional banks are heavily regulated, right?
• 6:27
  Host 2: They have strict legal limits on how much of their total capital
• 6:30
  Host 2: they can lend to one single entity.
• 6:33
  Host 1: Oh, I see.
• 6:35
  Host 2: Oracle and OpenAI's appetite for infrastructure is so vast,
• 6:38
  Host 2: so incredibly expensive, that they are hitting the legal ceiling
• 6:42
  Host 2: of what the entire US banking system is allowed to lend them.
• 6:45
  Host 1: That is insane.
• 6:47
  Host 2: And because of that, banks are balking at financing future projects.
• 6:51
  Host 2: For example, there's a developer named Crusoe that had a huge project in Texas,
• 6:54
  Host 2: and lenders wouldn't touch it if Oracle was the tenant.
• 6:57
  Host 1: Wow.
• 6:59
  Host 2: Yeah, it forced them to lease to Microsoft instead.
• 7:02
  Host 1: It's like a structural engineer looking at a skyscraper, right?
• 7:05
  Host 1: It doesn't matter if the penthouse tenant is a trillionaire,
• 7:08
  Host 1: if you put too much weight on one single load-bearing pillar,
• 7:11
  Host 1: the whole banking system collapses.
• 7:14
  Host 2: Exactly.
• 7:15
  Host 1: But let me challenge that premise. Is this Wall Street exhibiting
• 7:19
  Host 1: a healthy immune response, or are traditional banks just dinosaurs?
• 7:22
  Host 1: I mean, they missed the crypto boom. Are they just legally too slow to fund the AI revolution?
• 7:27
  Host 2: See, that is the central tension right there. Tech founders believe
• 7:30
  Host 2: the banks are dinosaurs holding back human progress.
• 7:33
  Host 1: Right.
• 7:35
  Host 2: But the banks remember the 2008 financial crisis.
• 7:38
  Host 2: They see this massive concentration of risk, and their risk management algorithms
• 7:41
  Host 2: are just screaming to pull back.
• 7:43
  Host 2: If that one massive AI bet goes bad, it could take down the bank.
• 7:47
  Host 1: And to pay for all this AI infrastructure, companies are making brutal structural cuts elsewhere.
• 7:51
  Host 1: Like Meta laying off 10% of its staff.
• 7:54
  Host 1: That's 8,000 people losing their jobs in May.
• 7:57
  Host 2: Yeah.
• 7:59
  Host 1: Specifically to reallocate funds toward these massive AI investments.
• 8:03
  Host 2: We are essentially watching a real-time reallocation of human capital
• 8:06
  Host 2: to fund machine capital.
• 8:09
  Host 1: And while thousands of regular people are losing their jobs,
• 8:12
  Host 1: the billionaires running these companies are airing their dirty laundry in court.
• 8:16
  Host 1: We've got this massive legal feud between Elon Musk and OpenAI CEO Sam Altman.
• 8:20
  Host 2: The text messages.
• 8:22
  Host 1: The court filings are wild. You've got Mark Zuckerberg privately texting,
• 8:25
  Host 1: offering favors to help Musk, and Musk just casually insulting Jeff Bezos
• 8:29
  Host 1: in his messages.
• 8:31
  Host 2: What's fascinating here is how these texts reveal a profound shift
• 8:34
  Host 2: in corporate governance. We have entered an era of what we might call founder or CEO supremacy.
• 8:39
  Host 1: Definitely. Just look at the other boardroom drama in today's papers.
• 8:43
  Host 1: The Warner Bros. Discovery and Paramount merger.
• 8:46
  Host 2: Right, it's a 111 billion dollar deal,
• 8:49
  Host 2: and it passed with 99% shareholder approval.
• 8:52
  Host 1: But the crazy part is that 82% of those same shareholders
• 8:55
  Host 1: voted against the CEO David Zaslav getting an 887 million dollar golden parachute.
• 9:00
  Host 2: Nearly a billion dollars.
• 9:02
  Host 1: And the board is probably gonna pay it to him anyway.
• 9:05
  Host 1: It completely strips away the illusion of shareholder democracy.
• 9:09
  Host 1: And we see that same imperial corporate governance with SpaceX going public.
• 9:13
  Host 2: The IPO.
• 9:14
  Host 1: Yeah, Elon Musk is getting supervoting shares
• 9:17
  Host 1: and this massive moonshot pay package that gives him virtually total control.
• 9:21
  Host 2: Which is wild. A decade ago, that would have been a massive red flag
• 9:25
  Host 2: for institutional investors.
• 9:27
  Host 1: Today, the rules that used to constrain corporate executives
• 9:30
  Host 1: are just being dismantled. Because investors are so desperate for growth,
• 9:33
  Host 1: they will accept any terms.
• 9:36
  Host 2: So Wall Street and corporate boards are terrified of missing out on growth,
• 9:39
  Host 2: and they are rewriting the rules of the private sector.
• 9:43
  Host 1: But when we look at the public sector, the current administration
• 9:46
  Host 1: is aggressively reshaping the rules of the game just as fast.
• 9:49
  Host 2: The sources show a very clear structural pivot in federal policy.
• 9:53
  Host 2: The administration is prioritizing rapid structural change
• 9:56
  Host 2: over traditional institutional norms.
• 9:59
  Host 1: Let's look at the Justice Department. Acting Attorney General Todd Blanche
• 10:02
  Host 1: just signed an order reclassifying medical marijuana down to Schedule III.
• 10:06
  Host 2: Right.
• 10:08
  Host 1: To be clear, this isn't full federal legalization,
• 10:11
  Host 1: it moves it away from Schedule I where heroin is,
• 10:14
  Host 1: and essentially treats it like a prescription drug.
• 10:17
  Host 1: But mechanically, what does moving to Schedule III actually do?
• 10:21
  Host 2: Mechanically, it completely changes the tax landscape. Under Schedule I,
• 10:24
  Host 2: cannabis businesses are subject to a specific tax code
• 10:27
  Host 2: that prevents them from writing off normal business expenses.
• 10:31
  Host 1: Oh, so they couldn't do normal deductions.
• 10:34
  Host 2: Exactly. By moving it to Schedule III, the administration is granting
• 10:37
  Host 2: huge tax breaks and easing research barriers for a multi-billion dollar industry.
• 10:41
  Host 2: It heavily rewards investors and grants operators major tax deductions.
• 10:45
  Host 1: We're also seeing that same focus on execution over at the Pentagon.
• 10:49
  Host 1: Defense Secretary Pete Hegseth just fired the Navy Secretary, John Phelan.
• 10:53
  Host 2: Right.
• 10:55
  Host 1: And Phelan is a personal friend of President Trump.
• 10:58
  Host 1: Why fire the president's friend?
• 11:01
  Host 2: Well, according to the reports, because Phelan was moving too slowly
• 11:04
  Host 2: on shipbuilding priorities, specifically the 600-ship fleet,
• 11:07
  Host 2: and increasing the Navy's reliance on steam power.
• 11:10
  Host 1: He even went to the White House, didn't he?
• 11:13
  Host 2: He did. Phelan actually went to the Oval Office to plead for his job,
• 11:17
  Host 2: but Trump backed Hegseth over his own friend.
• 11:20
  Host 1: This raises an important point about the administration's internal metrics.
• 11:23
  Host 1: It demonstrates a strict adherence to policy execution.
• 11:27
  Host 2: Yeah.
• 11:28
  Host 1: If you are moving fast enough on the agenda, personal ties simply won't save you.
• 11:32
  Host 2: And staying with the Justice Department, there is a massive internal audit happening.
• 11:36
  Host 2: DOJ Inspector General William M. Blier is investigating his own agency
• 11:40
  Host 2: over how they handled the release of the Jeffrey Epstein files.
• 11:43
  Host 1: That's a huge story.
• 11:45
  Host 2: It is. Victims are pointing out that their personal info wasn't redacted,
• 11:49
  Host 2: while the names of influential people in Epstein's circle
• 11:52
  Host 2: were completely protected.
• 11:54
  Host 1: Which is very notable timing, considering Virginia Giuffre,
• 11:57
  Host 1: who is one of Epstein's prominent accusers, is currently asking to meet
• 12:01
  Host 1: with King Charles while he's in the US, to discuss his brother, Prince Andrew.
• 12:05
  Host 2: And there's one more major DOJ story that really highlights this structural pivot.
• 12:09
  Host 2: The administration has fired at least 107 immigration judges
• 12:12
  Host 2: since January 2025.
• 12:15
  Host 1: Yes. The White House put out a release saying the era of amnesty is over,
• 12:18
  Host 1: and they touted that the asylum grant rate is now down to just 7%.
• 12:23
  Host 2: Wow.
• 12:24
  Host 1: But the micro-level human reality of this is striking.
• 12:28
  Host 1: We have the story of one of those fired judges, Jeremiah Johnson from San Francisco.
• 12:32
  Host 2: Right, I read about him. He previously had an 89% asylum grant rate.
• 12:36
  Host 1: And right now, instead of being in a courtroom,
• 12:39
  Host 1: he is actually traveling the migrant trail in reverse.
• 12:42
  Host 2: Wait, really?
• 12:44
  Host 1: Yeah. He took a bus down into the highlands of Guatemala
• 12:47
  Host 1: to visit an indigenous family that he had previously granted asylum to.
• 12:51
  Host 2: So what does this all mean for the listener?
• 12:54
  Host 2: When we see marijuana reclassified primarily in a way that rewards investors
• 12:57
  Host 2: and eases tax burdens, and we see massive firings in immigration courts
• 13:01
  Host 2: to hit specific statistical targets...
• 13:03
  Host 1: It's a fundamental shift. Are we seeing a shift where federal policy
• 13:07
  Host 1: is now driven entirely by pure economics and efficiency,
• 13:10
  Host 1: completely abandoning traditional moral or legal arguments?
• 13:13
  Host 2: If we connect this to the broader strategy shown in these papers,
• 13:16
  Host 2: economics and execution are absolutely the primary lenses.
• 13:20
  Host 2: Whether it's the tax benefits of marijuana reclassification
• 13:23
  Host 2: or the speed of Navy shipbuilding, the metric for success is heavily weighted
• 13:26
  Host 2: toward measurable economic outcomes and rapid execution,
• 13:29
  Host 2: over traditional, slower institutional pacing.
• 13:32
  Host 1: Okay, so while Wall Street is finding 300 billion dollars to build server farms for chatbots,
• 13:37
  Host 1: and DC is rapidly rewriting the tax code,
• 13:40
  Host 1: there is a massive disconnect with what is happening on the ground level.
• 13:43
  Host 2: Oh, totally. Let's look at how that actually hit your weekend.
• 13:47
  Host 2: Back to that twenty dollar White Claw.
• 13:50
  Host 1: The micro-economy is always the truest reflection of the macro forces.
• 13:53
  Host 1: The papers highlight a 31-year-old woman named Julie McCarthy.
• 13:57
  Host 1: She went to a concert venue in Massachusetts,
• 14:00
  Host 1: and they charged her twenty dollars for a single hard seltzer.
• 14:04
  Host 2: Twenty dollars.
• 14:06
  Host 1: So now, fully grown adults with careers are pre-gaming,
• 14:09
  Host 1: you know, drinking at home before they go out,
• 14:12
  Host 1: just to afford a night on the town.
• 14:15
  Host 2: It's inflation fundamentally changing social behavior.
• 14:18
  Host 2: The mechanism here is that the cost of leisure has aggressively outpaced wage growth.
• 14:22
  Host 2: People don't want to stop socializing, so they just hack the system.
• 14:26
  Host 1: And while a White Claw costs 20 bucks,
• 14:29
  Host 1: the literal physical money in our pockets is breaking.
• 14:32
  Host 1: The US Mint lost 85 million dollars in 2024 just minting nickels.
• 14:36
  Host 2: That statistic is crazy. It currently costs 13.8 cents to manufacture a 5 cent coin.
• 14:40
  Host 1: It comes down to raw commodity prices.
• 14:43
  Host 1: I mean, a nickel is mostly made of copper and nickel.
• 14:46
  Host 1: The global demand for those metals has skyrocketed for use in electric vehicles
• 14:50
  Host 1: and infrastructure.
• 14:52
  Host 2: Oh right. So the Mint is paying far more for the raw materials
• 14:55
  Host 2: and the manufacturing labor than the coin is actually worth.
• 14:58
  Host 1: It's absurd. It's a fascinating economic paradox.
• 15:02
  Host 1: The physical representation of our money is operating at a massive loss,
• 15:05
  Host 1: while digital money is maxing out the global banking system.
• 15:09
  Host 2: And speaking of that massive disconnect, while billions flow into digital capital,
• 15:12
  Host 2: local civic capital is in a state of sheer desperation.
• 15:15
  Host 1: Yeah. Look at the spending. In West Virginia,
• 15:18
  Host 1: Governor Patrick Morrisey is taking 16 million dollars in federal welfare funds.
• 15:22
  Host 1: TANF funds meant for needy families.
• 15:24
  Host 1: And giving it to a for-profit education program called STAR Academy.
• 15:28
  Host 2: A program that has quite the track record.
• 15:31
  Host 1: Exactly. A program that already completely flopped in four public school districts.
• 15:35
  Host 1: We are seeing municipalities making incredibly high-risk bets.
• 15:39
  Host 2: Exactly. In Los Angeles, they are spending 40 million dollars on MacArthur Park.
• 15:43
  Host 2: But the 40 million isn't for much-needed social services,
• 15:46
  Host 2: it's to build a water treatment system to turn stormwater runoff into a clean lake.
• 15:50
  Host 1: A clean lake. Meanwhile, Santa Monica is so desperate to lure tourists back
• 15:53
  Host 1: to their empty Third Street Promenade,
• 15:56
  Host 1: that they're dumping 3 million dollars into an initiative
• 15:59
  Host 1: that allows people to walk around with open alcoholic drinks.
• 16:02
  Host 2: What's fascinating here is the sheer desperation of local governments.
• 16:06
  Host 2: Because they lack the massive capital of Wall Street or the federal government,
• 16:09
  Host 2: they are trying to engineer social revival through these bizarre infrastructure hacks.
• 16:14
  Host 1: Like a clean lake or open container laws.
• 16:17
  Host 2: Right, rather than addressing the root economic issues of their communities.
• 16:21
  Host 1: And that chaos trickles all the way down to kids.
• 16:24
  Host 1: You have Pop Mart, the company that makes those viral Labubu dolls
• 16:28
  Host 1: that people are just obsessed with.
• 16:30
  Host 2: Well, they are facing a massive crisis because a test proved the dolls contain cotton
• 16:34
  Host 2: from Xinjiang, China, which the US has banned because of forced labor.
• 16:37
  Host 1: So your kid's favorite toy is caught in an international trade violation.
• 16:41
  Host 2: Oh.
• 16:42
  Host 1: And in Pittsburgh, a mother had to force her 7-year-old first grader
• 16:46
  Host 1: to do remote learning from home.
• 16:49
  Host 2: Why?
• 16:50
  Host 1: Because the city entirely shut down the public schools
• 16:53
  Host 1: just so they could accommodate the massive crowds for the NFL Draft.
• 16:57
  Host 2: It shows how civic priorities have entirely shifted.
• 17:00
  Host 2: A major American city is essentially declaring that hosting a sports entertainment event
• 17:03
  Host 2: supersedes a week of public education.
• 17:06
  Host 1: It's the gamification of everything. Which leads to my favorite,
• 17:09
  Host 1: just most absurd story of the day.
• 17:12
  Host 1: Have you seen what's happening on prediction markets like Kalshi?
• 17:16
  Host 2: The platforms where people bet real money on real-world outcomes.
• 17:20
  Host 1: Yes. Mark Moran, who is a former reality TV star from the show FBoy Island,
• 17:24
  Host 1: has literally been banned from the platform.
• 17:27
  Host 2: Banned.
• 17:28
  Host 1: For insider trading. On his own political campaign.
• 17:32
  Host 1: He was placing bets on whether or not he was going to run for Congress
• 17:35
  Host 1: this year, while he was the one actively making the decision.
• 17:39
  Host 2: Is the ultimate closed loop.
• 17:42
  Host 1: It really is. Think about that the next time you look at the loose change
• 17:45
  Host 1: in your pocket, or, you know, stare at the headlines.
• 17:48
  Host 1: Thank you for joining us on this deep dive.
• 17:51
  Host 1: Keep connecting the dots, keep questioning the world around you,
• 17:54
  Host 1: and we'll see you next time.