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Primaries; Mail votes; Immigration; Iran; China; Jones Act; Inflation; MAGA Media | Yaron Brook Show · Yaron Brook Show

0:06
Speaker 1: Fundamental principles. I'll read them, national self interest and individual
0:13
Speaker 1: wats this? This is your own book show. Oh right, everybody,
0:23
Speaker 1: welcome to your own book show on this uh this Wednesday, Ogust. Well,
0:30
Speaker 1: everybody's having a great week. Now. I'm in a space
0:36
Speaker 1: it's very echoee echoee. Who I can hear my own echo.
0:41
Speaker 1: So I'm wondering how you guys, you guys are hearing it?
0:45
Speaker 1: Is this a problem? Is the audio? Okay? Uh? Is? Uh? Yeah?
0:51
Speaker 1: Just just any kind of comments on the on the
0:53
Speaker 1: quality of the audio would be appreciated, not you exactly
0:56
Speaker 1: what to do about it. It's a it's a they've
0:59
Speaker 1: given me a big off. Yeah, we could. There could
1:01
Speaker 1: be four people in here, easily a big office here
1:04
Speaker 1: in Barcelona from which I am doing this, and I
1:10
Speaker 1: hear an echo. I don't know if you guys hear
1:11
Speaker 1: an echo. I don't know if there's anybody out there
1:13
Speaker 1: in a chat. It sounds good? Are you okay? Okay? Good? Cool?
1:16
Speaker 1: Hey most stuff. I haven't seen you in a while.
1:19
Speaker 1: Good to see him, all right, cool, All right, let's
1:23
Speaker 1: jump in this week or yesterday, there were a series
1:28
Speaker 1: of primaries in the Midwest. You know, primarily in Permellia,
1:35
Speaker 1: in Minnesota and Wisconsin. And you know, this is where
1:40
Speaker 1: the Democrats and Republicans chooseday candidates. And more than anything,
1:45
Speaker 1: it gives us an indication of how the parties are trending. Right,
1:50
Speaker 1: we saw a big increase, a big increase in kind
1:57
Speaker 1: of fall left candidates on the Democratic side. Suddenly it
2:01
Speaker 1: seems like the energy, the enthusiasm is with the candidates
2:05
Speaker 1: affiliated with the Democratic Socialist of America, the anti you know,
2:10
Speaker 1: rapidly anti Israel uh and and and aligned with the
2:15
Speaker 1: Mom Donnie AOC Bernie Sanders wing of the Democratic Party. Yesterday,
2:21
Speaker 1: finally they took a bit of a hit uh In
2:25
Speaker 1: uh In. H was in Wisconsin where in I think
2:30
Speaker 1: the gubernatorio race. Uh in Wisconsin, a David Crawley, who
2:37
Speaker 1: is considered a moderate Democrat, an establishment back Democrat, uh
2:43
Speaker 1: defeated the favorite, who was a Democratic Socialist, Francesca hamp
2:48
Speaker 1: So it was really, really, really close. But in spite
2:53
Speaker 1: of what the poll suggested, which was that Hong was
2:55
Speaker 1: going to win by a relatively big margin, uh collly one. Now,
3:00
Speaker 1: I don't know, I don't think we should make a
3:01
Speaker 1: big deal out of this. Because a few things. One,
3:11
Speaker 1: Francisco Wanhong was way out down the left, way out
3:15
Speaker 1: down the left. So the fact that she came within
3:19
Speaker 1: point four points of the guy who won h I mean,
3:24
Speaker 1: it's again suggests this general dramatic shift to the left
3:28
Speaker 1: within the Democratic Party. And I don't think this is
3:32
Speaker 1: necessarily true of all people who vote Democratic, but it
3:36
Speaker 1: is true of the people who are excited about voting Democratic,
3:39
Speaker 1: and therefore the people who are voting in the primaries
3:42
Speaker 1: and the people who are kind of shaping, I think
3:45
Speaker 1: the future of the Democratic Party. So Francisco was way
3:50
Speaker 1: up to the left. She was so far to the
3:52
Speaker 1: left that Bernie Sanders and AOC didn't actually endorse her.
3:57
Speaker 1: So she got within point four points without even and
4:04
Speaker 1: she left by a little bit without the endorsement of
4:07
Speaker 1: the big big names within kind of progressive fall left politics.
4:13
Speaker 1: So that's our fall left. The Democratic Party has gone
4:18
Speaker 1: uh another hand. In Minnesota, a progressive Peggy Flanagan won
4:23
Speaker 1: the Democratic Senate nomination. And again Minnesota and Wisconsin, while
4:29
Speaker 1: they sometimes could go either way Democratic or Republican, they
4:34
Speaker 1: are mostly Democratic, and given given the hostility in these
4:39
Speaker 1: states towards Donald Trump, and Donald Trump's just just abysmal,
4:46
Speaker 1: you know, favorability right now. I think these states are
4:49
Speaker 1: going to go Democratic big time in come come November. Uh,
4:56
Speaker 1: let's see a crazy Republican. Can't even believe this guy
5:01
Speaker 1: actually made it to the prime, but he was so
5:05
Speaker 1: you know, not only did he make it to the primary,
5:08
Speaker 1: he got he got he got Trump's endorsement and lost.
5:18
Speaker 1: That's how good he is. That's Michael Lindell. Those who
5:21
Speaker 1: don't remember Michael Lindell, Michael Lindell is the pillow guy
5:25
Speaker 1: who used to do the pillow commercials. Remember Michael Lindell anyway,
5:29
Speaker 1: Michael Lindell, crazy Michael Lindell, who was at the forefront
5:34
Speaker 1: of the you know, conspiracy that the election was stolen
5:38
Speaker 1: from from Trump in twenty twenty. He led the troops.
5:42
Speaker 1: See he even he did this. He made this declaration
5:48
Speaker 1: and if anybody could show him, I can't t know
5:50
Speaker 1: how it exactly phrased, but it was something like it.
5:53
Speaker 1: If anybody could show him that, you know, the data
5:57
Speaker 1: actually suggested that Trump one uh and could could could
6:03
Speaker 1: could demonstrate that his accusations of fraud. The specific exhibitions
6:08
Speaker 1: that Lindell had made were or false, he'd give them
6:11
Speaker 1: five million dollars. Anyway, somebody took him up on that,
6:13
Speaker 1: actually a Republican from California who I know, and Lindell
6:20
Speaker 1: refused to give him the five million dollars. That went
6:21
Speaker 1: to court and uh and I think that the court
6:26
Speaker 1: declared that Lindell owed him five million dollars and had
6:28
Speaker 1: to pay him. I think then went to appeal and
6:30
Speaker 1: maybe it was reversed on appeal. But yeah, I mean,
6:34
Speaker 1: Lindell is a complete nutcase, complete nutcase. Maybe he's an inventor,
6:40
Speaker 1: but he's a nutty inventor, and when he comes to politics,
6:44
Speaker 1: the guy is a kook, complete and out of cook. Anyway,
6:49
Speaker 1: he lost, he lost. So this is a case, a
6:54
Speaker 1: rare case.
6:55
Speaker 2: A rare case in a Republican politics where Trump's endorsement
6:59
Speaker 2: didn't actually help, Uh, well help because he probably would
7:03
Speaker 2: have lost by a much, much, much bigger margin.
7:09
Speaker 1: Real sparks shouldn't objectives who believe in productivity support Michael Lindell.
7:12
Speaker 1: That seems like a little bit of dropping the context.
7:17
Speaker 1: As a businessman, Yeah, cool, good for him be as
7:21
Speaker 1: a as a as a governor, as a politician. The
7:24
Speaker 1: fact that he is incredibly productive. I don't support Trump,
7:28
Speaker 1: even though Trump maybe you know, made a lot of
7:31
Speaker 1: money in business. I'm not sure he did. Uh. I
7:34
Speaker 1: you know, you don't support businessmen automatically in politics because
7:39
Speaker 1: the businessmen. You don't support inventors automatically because the inventors.
7:44
Speaker 1: You don't support smart people automatically because they're smart. You
7:47
Speaker 1: don't support productive people automatically because this they're productive. In politics,
7:55
Speaker 1: you support people based on their ideas and their character.
7:59
Speaker 1: What kind of governor, what kind of senator, what kind
8:02
Speaker 1: of congressman you think they will be? So again, Michael
8:10
Speaker 1: Lindell is a complete nut job. And well maybe he can.
8:14
Speaker 1: He invented some fabulous pillow, and maybe he's good at sales.
8:19
Speaker 1: The guy's a nut job, and I wouldn't don't want
8:22
Speaker 1: nut jobs in politics. We've already got one in the
8:25
Speaker 1: White House, and I think that's more than enough, more
8:28
Speaker 1: than enough. So yeah, I mean, the left is not,
8:34
Speaker 1: you know, dominated by socialists indefinitely. It's not a one
8:40
Speaker 1: way track. They're not winning every single a primary election,
8:45
Speaker 1: and Trump is not getting his way in every single election.
8:49
Speaker 1: Mostly left is moving to the left and the right
8:53
Speaker 1: is solidified under Trump, but there are exceptions in this
8:58
Speaker 1: primary yesterday show that. All right, let's see the election
9:09
Speaker 1: in November. You know, it's hard to tell exactly what
9:13
Speaker 1: the numbers are going to be in terms of wins,
9:19
Speaker 1: losses and so on, primarily because you know, Congress in particular,
9:25
Speaker 1: the House of Representatives in particular, is district by district,
9:30
Speaker 1: and we would have to go in and analyze district
9:33
Speaker 1: by districts. Even though I think right now people hate Democrats,
9:38
Speaker 1: but the thing going for Democrats is people hate Trump
9:42
Speaker 1: and Republicans even more than they had Democrats. But Democrats
9:45
Speaker 1: are not supported. The American people do not support Democrats.
9:49
Speaker 1: This is why there's going to be I think a
9:53
Speaker 1: blue wave. There's going to be a Democratic victory, but
9:56
Speaker 1: it's not going to be overwhelming because there's just no
9:59
Speaker 1: overwhelming support for Democrats right now in the country. I mean,
10:03
Speaker 1: And the more they shift left, the more they shift
10:06
Speaker 1: towards socialism, the more they shift towards just being wacky
10:11
Speaker 1: anti American, the less support that will be in the
10:15
Speaker 1: country for them. So Democrats are not popular. The only
10:19
Speaker 1: thing that is going to drive Democratic success in November
10:25
Speaker 1: is that Republicans are less popular. I also expect that
10:30
Speaker 1: the midterms will have relatively low turnout, particularly among the Republicans.
10:36
Speaker 1: So I think what's going to happen is the Democrats,
10:40
Speaker 1: particularly on the far left, are super enthusiastic, and they're
10:45
Speaker 1: motivated by the hatred of Trump and by their sense
10:49
Speaker 1: that they can be incredibly successful. So I think you're
10:53
Speaker 1: going to see a significant advantage in the midterms for
10:58
Speaker 1: the Democrats when comes to turn out. While Americans seem
11:05
Speaker 1: to hate the Democrats and hate the Republicans, the Democrats
11:10
Speaker 1: are energized and enthusiastic, and you can see that in
11:13
Speaker 1: the primaries. Many more Democrats are coming out to vote
11:15
Speaker 1: in the primaries than are Republicans. The Democrats I think
11:21
Speaker 1: this is an opportunity for them to really, you know,
11:25
Speaker 1: establish control of Congress. But they also think that particularly
11:31
Speaker 1: the fall i mean the fall left, thanks, this is
11:33
Speaker 1: the opportunity to control over the Democratic Party. So one
11:37
Speaker 1: of the consequences of the Trump presidency, one of the
11:41
Speaker 1: many really bad consequences of the Trump presidency is the
11:46
Speaker 1: lurch to the left. You know, they just does Obama.
11:50
Speaker 1: There's a sense in which Obama created maga. Trump is
11:58
Speaker 1: creating the say, the crazy leftists, is the video buffering?
12:05
Speaker 1: Did somebody say the video is buffering? I have the
12:07
Speaker 1: best Internet connection I've ever had, better than home right here,
12:12
Speaker 1: and it's why it's not even Wi Fi. So if
12:16
Speaker 1: this is if this video doesn't work, I don't know
12:19
Speaker 1: what works. Right, this is like the best video ever
12:23
Speaker 1: should be. We'll see, we'll see what the connect if
12:25
Speaker 1: the connection holds, and how good it is anything else.
12:32
Speaker 1: I mean, among registered voters, Democrats are favored by three
12:39
Speaker 1: points of the Republicans. But once you ask people how
12:44
Speaker 1: motivated they are, or put it in another way, once
12:48
Speaker 1: you ask the people who are voted, who are motivated
12:52
Speaker 1: to vote, many, many more Democrats are motivated to vote
12:56
Speaker 1: than Republicans. Again, both parties are disliked, and Democrats, in
13:01
Speaker 1: spite of unbelievable bad ratings for Trump, Democrats are only
13:10
Speaker 1: leading Republicans by three points. They should be leading by
13:13
Speaker 1: a lot more than that. But once you look at
13:19
Speaker 1: those who are certain to vote right, absolutely certain to
13:23
Speaker 1: vote motivated, they lead fifty three to forty five, so
13:27
Speaker 1: they lead by eight points. So I mean, I think
13:36
Speaker 1: the bottom line is in spite of Trump, Iran and
13:40
Speaker 1: the economy, Americans, you know, don't favor the Democrats because
13:48
Speaker 1: the Democrats also have solutions to any of those problems. So,
13:57
Speaker 1: you know, this is this is again that the challenge
14:03
Speaker 1: we face in this country. We have two incredibly, you
14:11
Speaker 1: have two parties that are that are not liked, that
14:14
Speaker 1: are ineffective, that are destructive, that that are you know,
14:22
Speaker 1: holding American and there's just no choices. It's everybody says
14:26
Speaker 1: to buy every choice to yeah, it's a buy nevery choice.
14:28
Speaker 1: She got stuck between these two. And I think given that,
14:32
Speaker 1: given this a buyary choice, you know, Democrats are likely
14:38
Speaker 1: to win, but they won't win big. I mean last year,
14:42
Speaker 1: you know, no, in twenty eighteen, in twenty eighteen or
14:46
Speaker 1: in Trump's first term, Democrats gained forty seats in the
14:51
Speaker 1: House of Representatives and they had a ten point lead
14:59
Speaker 1: in a answer that election. Now that you know, they
15:03
Speaker 1: have what a three point lead. So and again the
15:16
Speaker 1: reason is that they're making that they're so bad. They're
15:22
Speaker 1: just so bad that Americans see it. It's it's why
15:26
Speaker 1: Trump won the second election. It's because Democrats are just
15:31
Speaker 1: with all woke and everything so bad, and now they're
15:33
Speaker 1: replacing woke with socialism. And that's not playing well. That
15:37
Speaker 1: is just not playing well. The booniese and the AOC's.
15:42
Speaker 1: That's not where America is. It's not what America actually wants.
15:48
Speaker 1: I think if the Democrats ran ran with more centrists,
15:54
Speaker 1: I think they would have a much more larger lead.
15:56
Speaker 1: But the fact is that the dominant voices and the
15:58
Speaker 1: Democratic Party right now, the Mamdani's of the world, that's
16:02
Speaker 1: who we hear about every day. So, I mean, justifiably,
16:10
Speaker 1: voters are saying, yeah, inflation is a problem, price is
16:14
Speaker 1: a problem, but we don't trust Democrats to do much
16:18
Speaker 1: better than the Republicans in dealing with any of that. Right,
16:29
Speaker 1: all right, So Trump is obsessed with this idea that
16:39
Speaker 1: elections in America are somehow not fair, they're just not
16:44
Speaker 1: fit and we need to do something about it. And
16:49
Speaker 1: his solution for what to do about it is to
16:54
Speaker 1: try to get to try to get mail in male ballots.
16:59
Speaker 1: Mail in ballots dismissed because supposedly mail in ballots favored Democrats.
17:05
Speaker 1: Republicans like to go and vote physically, and Democrats are
17:09
Speaker 1: much more efficient with their time and they like to
17:11
Speaker 1: just mail it in. And Trump is basically signed an
17:16
Speaker 1: executive voter pushing for basically dictating federal control of a
17:22
Speaker 1: mail voting. You can't count the votes by mail after
17:26
Speaker 1: the day of the election, things like that. Anyway, judges
17:31
Speaker 1: have basically prevented this executive voter from going into effect.
17:38
Speaker 1: And you know, just I think yesterday a judge Indira
17:45
Speaker 1: Tawani broadened the injunction preventing the Post Service from withholding
17:51
Speaker 1: ballots under Trump's March executive voter. And this is basically
17:57
Speaker 1: prompting the prompting the Justice Department to try to get
18:03
Speaker 1: the Supreme Court involved. You know, there's a real substantive
18:09
Speaker 1: question here. It's a question of separation of powers. Trumps
18:15
Speaker 1: presents the order as an election integrity policy, but challenges
18:22
Speaker 1: are saying, look, the President has no authority here. This
18:27
Speaker 1: authority has been assigned by the Constitution to the States
18:35
Speaker 1: and to Congress. And of course we're only three months
18:40
Speaker 1: from the midterms. So as of now, Melian ballots are
18:46
Speaker 1: going to be done normally right free executive order. And
18:54
Speaker 1: you know, if the Swim Court jumps in here and
18:58
Speaker 1: says no change things three months before an election, that's
19:03
Speaker 1: super disruptive. So I find it hard to believe that
19:06
Speaker 1: the Supreme Court will take this on before the election.
19:09
Speaker 1: Maybe it'll take it on right after, you know, to
19:12
Speaker 1: set us up for the twenty twenty eight election. But
19:16
Speaker 1: I don't think the super Court's going to take this out.
19:18
Speaker 1: But anyway, mail in ballots. So as of now, everything
19:23
Speaker 1: is as normal. The courts have basically rejected Trump's attempt
19:31
Speaker 1: at a power grab, as they should. Good for the courts, right,
19:38
Speaker 1: what are we doing here? Yeap? Remember in twenty twenty four,
19:46
Speaker 1: Trump's in some rally or some interview I can't remember,
19:52
Speaker 1: Trump declared that he wanted to give automatic green cards
19:55
Speaker 1: to foreign nationals who graduated from US universities. I'm going
19:59
Speaker 1: to repeat because you probably don't remember, and it sounds
20:02
Speaker 1: so weird, but it's true. Trump actually said this. He
20:08
Speaker 1: remember at the time commenting on it that this this
20:12
Speaker 1: was BS and that Trump would never live up to it.
20:16
Speaker 1: But basically, this is in June twenty first, twenty twenty four,
20:20
Speaker 1: to run up to the election, Trump says he wants
20:23
Speaker 1: fawn nationals who graduate from US colleges to automatically receive
20:27
Speaker 1: Green corps, automatically received Green corts. Here's here's the exact quote.
20:33
Speaker 1: He said it on the All In podcast, All In Podcast,
20:36
Speaker 1: you know, the Silicon Valley. Guys. What I want to
20:40
Speaker 1: do and what I will do, is you graduate from
20:45
Speaker 1: a college, I think you should get automatically as part
20:47
Speaker 1: of your diploma, a green card to be able to
20:50
Speaker 1: stay in this country. And that includes junior college just too.
20:55
Speaker 1: He continued. Anybody graduates from a college in there for
21:01
Speaker 1: two or four years. If you graduate or you get
21:05
Speaker 1: a doctorate degree from a college, you should be able
21:07
Speaker 1: to stay in this country. Remember this was a All
21:12
Speaker 1: In podcast with David Sachs and Tchamath family named can't pronounce,
21:19
Speaker 1: and Jason Kala Kanis and so on. This is what
21:25
Speaker 1: Trump said now that day and in the days following,
21:32
Speaker 1: Mega went crazy nuts and attacked him, and he ultimately
21:37
Speaker 1: withdrew the statement. And I remember, I remember that I
21:43
Speaker 1: was attacked after he said this because I was said,
21:46
Speaker 1: people told me, see, Trump's not against legal immigration. He
21:50
Speaker 1: just wants to be legals. It's not about legal immigration.
21:54
Speaker 1: You're on You've got Trump derangement syndrome here. Look, Trump
21:59
Speaker 1: said he's going to give a green card to every
22:02
Speaker 1: graduating student, and I said, he'll never do it. He's
22:07
Speaker 1: anti legal immigration and you guys, some of you people,
22:12
Speaker 1: some of you said Trump de agent syndrome. Here it
22:15
Speaker 1: is proof, come set it knowing it. He doesn't mean,
22:20
Speaker 1: you know? All right? So today the Wall See Journal
22:26
Speaker 1: is reporting that the Trump administration is reportedly considering charging
22:31
Speaker 1: foreign students a one hundred thousand dollars fee to work
22:37
Speaker 1: in the US after graduation. I laugh, I laugh because
22:48
Speaker 1: not only is he not giving green cards to every
22:51
Speaker 1: student who's graduating in America. I mean, he's making very
22:54
Speaker 1: difficult for students to come to America. We know that,
22:57
Speaker 1: but now when you graduate, you're gonna have to pay
23:02
Speaker 1: one hundred thousand dollars stay in America. Now, still, this
23:07
Speaker 1: is just a proposal. They haven't finalized this, of course,
23:11
Speaker 1: but this just gives you a sense of the stud antagonism, antagonism,
23:18
Speaker 1: the MAGA and Trump. I mean Trump as a as
23:22
Speaker 1: a vehicle of mega have to all immigrants, all immigrants.
23:28
Speaker 1: I don't you know, nobody ever is going to say
23:31
Speaker 1: to me again, Oh no, no, it's just illegals. We
23:34
Speaker 1: love leo immigrants. I call BS. I called it BS
23:40
Speaker 1: two years ago. I called BS ten years ago. Completed
23:45
Speaker 1: out of BS. This administration is anti immigration and always
23:51
Speaker 1: has me h and they including that included in their
24:00
Speaker 1: antagonism to US immigration are high skill legal immigrants. Now
24:07
Speaker 1: you know, they'll try to sell you this stuff one
24:11
Speaker 1: hundred thousand dollar feet as protecting American labor, protecting america
24:15
Speaker 1: high quality stem jobs for you know, saving them for
24:19
Speaker 1: native Americans. God forbid, foreigners come to this country and
24:23
Speaker 1: study and then take jobs for American engineers. But the
24:29
Speaker 1: fact is actually the reverse. High skilled immigrants don't compete
24:35
Speaker 1: with locals for a fixed pool of jobs. They lure
24:40
Speaker 1: investment to an area so that the pool of jobs expands,
24:48
Speaker 1: and that effect, the expanding job pool, is way bigger
24:56
Speaker 1: of an effect than the competitive effect the fact that
25:02
Speaker 1: they're competing with native born Americans. So the reality is
25:06
Speaker 1: the economic reality measured and shown in economic papers, but
25:12
Speaker 1: also just logically that native born Americans actually benefit from
25:18
Speaker 1: the presence of foreign skilled labor. I'll say that again,
25:23
Speaker 1: native born Americans actually benefit from the presence of foreign
25:28
Speaker 1: skilled workers. And you know, we could go on and
25:31
Speaker 1: on about the half of all half of all unicorns
25:40
Speaker 1: have a founder who is an immigrant. You know, a
25:43
Speaker 1: majority of Silicon Valley successful companies have immigrant founders, they
25:49
Speaker 1: have immigrant early employees, and of course those companies create
25:57
Speaker 1: thousands and thousands and ultimately millions of jobs. So the
26:02
Speaker 1: net effect on economy on American economy is massively positive.
26:11
Speaker 1: Here's just This is a recent paper by Kwan Lee
26:18
Speaker 1: and Monross. Here's just a quick I'm quoting from the paper.
26:23
Speaker 1: High skilled migration programs exist around the world in the
26:27
Speaker 1: hope that immigrants complement native workers allow firms to grow
26:32
Speaker 1: and boost innovation. We study the effects of one such
26:35
Speaker 1: program by exploiting the twenty sixteen extension of the Optional
26:39
Speaker 1: Practical Training Program, which significantly prolonged the work authorization period
26:44
Speaker 1: for international STEM graduates. We find that the policy successfully
26:49
Speaker 1: increased the local supply of high skilled immigrants in exposed
26:54
Speaker 1: commuting zones. This is the areas where they live. This
26:59
Speaker 1: local inflow of immigrant workers stimulated firm creation, startups, and
27:05
Speaker 1: demand for native high skilled workers. We find that the
27:10
Speaker 1: total number of firms in an area that was allowed
27:13
Speaker 1: more optional Practical training program right increased by approximately one percent.
27:19
Speaker 1: Native employment increased as well, by around point five percent
27:24
Speaker 1: of the working age population. These employment effects occur among
27:28
Speaker 1: native high skilled workers in general, both young and old
27:33
Speaker 1: those in stem and non stem industries. Low skilled employment, however,
27:38
Speaker 1: did not change, so this is only an effect on
27:41
Speaker 1: high skilled employment consistent with an increase for the demand
27:44
Speaker 1: for high skilled native labor. High skilled Native wages increased
27:49
Speaker 1: by around one percent. So it's win win win, win,
27:54
Speaker 1: win win win, and Trump and Mega and these Republicans
27:59
Speaker 1: just want to kill it. They just want to kill it.
28:07
Speaker 1: So you know, this is a Noah Smith puts it basically,
28:15
Speaker 1: if you let a bunch of farm robotics engineers work
28:17
Speaker 1: in Pittsburgh, then a bunch of robotics companies are going
28:20
Speaker 1: to start up or open branch offices or factories in Pittsburgh,
28:24
Speaker 1: and that ends up employing a bunch of high skilled
28:26
Speaker 1: Americans of the type who would tend to work at
28:28
Speaker 1: robotics company companies. Everyone wins. But again, this is Trump.
28:41
Speaker 1: This is Trump policy. This is the anti emigration bent
28:45
Speaker 1: of our country right now. It's a self destructive bent.
28:51
Speaker 1: But that's not new. Tariffs are self destructive. This war
28:54
Speaker 1: with Iran, the way it's practiced is self destructive. We
28:58
Speaker 1: are on a self destruct of path. This is Trump
29:02
Speaker 1: is a anti American, an American destroyer in essense he
29:07
Speaker 1: destroys American jobs, destroys American prosperity, and is trying to
29:11
Speaker 1: destroy America America's might as as a superpower in the world.
29:18
Speaker 1: And all I can say is, I told you so.
29:24
Speaker 1: I mean, this is this is a bad deal. Trump
29:26
Speaker 1: was a bad deal, is a bad deal and a
29:29
Speaker 1: disaster through and through, through and through. I don't know
29:35
Speaker 1: how some of the people might have supported him early on,
29:40
Speaker 1: and uh and and and thought maybe that that it was,
29:45
Speaker 1: you know, the good things about him would out weigh
29:49
Speaker 1: the bad things. Uh. You know, I don't know how
29:53
Speaker 1: that how that still holds. I really don't what I
29:56
Speaker 1: want to do here. Yeah, I don't know. Okay, I wait,
30:06
Speaker 1: so that is immigration and one hundred thousand dollars to
30:12
Speaker 1: stay in the United States. If you're so, I would
30:15
Speaker 1: have had to pay one hundred thousand dollars when I
30:18
Speaker 1: graduated from UT Austin with a PhD in finance, you know,
30:21
Speaker 1: to stay in the US. My salary is about to
30:25
Speaker 1: be sixty four thousand dollars. Now, okay, let's suggestion it
30:29
Speaker 1: just for inflation. Maybe my salary would be much higher.
30:31
Speaker 1: Maybe it'd be one hundred and twenty thousand dollars a year,
30:34
Speaker 1: and I'd have to pay one hundred thousand dollars I had.
30:36
Speaker 1: I didn't have a penny in my name. I graduated
30:40
Speaker 1: with that, with that, and so basically kick me out.
30:55
Speaker 1: I mean, all the ambitious people want to come to
30:57
Speaker 1: this country to make their lives better and to produce,
31:00
Speaker 1: to create, to bill not to they're not coming here.
31:02
Speaker 1: And what I'm talking about those who don't come here
31:05
Speaker 1: for the warfare, don't come here and just have babies
31:08
Speaker 1: and leave, you know, to get the citizenship. I'm talking
31:11
Speaker 1: about the vast majority of immigrants of this country, certainly
31:14
Speaker 1: the vast majority, the overwhelming majority of legal immigrants who
31:19
Speaker 1: come to this country. You're basically saying you're not welcome,
31:22
Speaker 1: don't come. We're going to make it impossible for you
31:24
Speaker 1: to come. When to make it so expensive for you,
31:27
Speaker 1: you know, you'll have to go back home to you
31:29
Speaker 1: your green card. That would be ridiculous. So there's no
31:33
Speaker 1: point in even getting a green card. You'll have to
31:35
Speaker 1: pay one hundred thousand dollars after you graduate from school.
31:37
Speaker 1: Why would I do that? I can stay, you know,
31:40
Speaker 1: I can't afford that. It will bankrupt me. Basically, the
31:45
Speaker 1: Trump administration is doing everything in their power to disincentivize
31:50
Speaker 1: immigrants to America. And I mean, the damage is it's
31:57
Speaker 1: hard to confidend the level of damage this will cause.
32:03
Speaker 1: It really is that bad. It was, It's that bad
32:09
Speaker 1: and worse, all right, So you on, let's talk about
32:18
Speaker 1: Iran for a little bit. I know we talk about
32:20
Speaker 1: it every day. Basically, what Trump is doing right now
32:24
Speaker 1: is he's betting that pressures are sanctions and the naval
32:28
Speaker 1: billcade is going to force you on to band that is,
32:33
Speaker 1: they're getting no revenue from oil. Maybe they're getting some
32:37
Speaker 1: a little bit, but very little. There's sanctions, so there's
32:41
Speaker 1: no real economic activity in terms of export input. Some
32:47
Speaker 1: stuff I'm sure is transitting through their eastern and northern borders,
32:53
Speaker 1: but not a lot. I mean, the neighbors. They are
32:55
Speaker 1: not exactly prosperous and there's not a lot to gain.
32:58
Speaker 1: Big country is poor and getting poor. But here's the thing.
33:05
Speaker 1: They wait in government doesn't care, and they know how
33:09
Speaker 1: to function when the economy is batter and they know
33:13
Speaker 1: how to keep things going just enough as to prevent
33:18
Speaker 1: I don't know an overwhelming response from what is going
33:27
Speaker 1: on here? Why is this disconnected? To prevent a kind
33:34
Speaker 1: of a overwhelming response on their own population. So Tehuan
33:42
Speaker 1: right now is rationing scarce goods, they're limiting access to
33:48
Speaker 1: phone currency, the slashing investment and shifting more of the
33:53
Speaker 1: burden onto households. Right they are preserving strategic imports, an
34:00
Speaker 1: essential machinery of the state, and they're basically making their
34:08
Speaker 1: population poor. There's all this deepening economic malay, rising poverty,
34:15
Speaker 1: rising dysfunction, but it's buying them time. They they can
34:24
Speaker 1: hold on because the reality is that the any people
34:28
Speaker 1: have learned a lasson that if they go out and demonstrate,
34:30
Speaker 1: they will be shot dead. And they are just they're
34:35
Speaker 1: just eating, you know, they're suffering, and the learning themself suffer.
34:39
Speaker 1: And there's no there's no sense of gravity within Iran.
34:45
Speaker 1: There's no military or politically powerful center of gravity. Who
34:50
Speaker 1: could overthrow this regime from within? Who is going to
34:54
Speaker 1: be motivated to overthrow this regime from within? By h
35:00
Speaker 1: but you know, by the poverty, by the economic malay.
35:07
Speaker 1: All right, let me just see what's going on here.
35:13
Speaker 1: So you know, what do you do? How long? How
35:17
Speaker 1: long do you wait? I mean, Trump is assuming that
35:20
Speaker 1: they will come back the Iranians will come back desperate
35:23
Speaker 1: and cut a deal, but the Iranians don't know how.
35:28
Speaker 1: The mediators have warned the United States that Iran has
35:31
Speaker 1: been living under sanction for years, and betting that Iran
35:35
Speaker 1: will compromise because of economic pressure, it's probably not going
35:38
Speaker 1: to yield any results. Iran is likely to just continue
35:42
Speaker 1: to escalate at tax, raise the price for Washington and
35:46
Speaker 1: its allies. They're just going to make it more and
35:48
Speaker 1: more and more expensive because the reality is that Iran
35:53
Speaker 1: can outlast Washington's expectations. But can Washington outlast rising old price?
36:01
Speaker 1: Can Washington outlast depleting you know, oil reserve strategic oil
36:08
Speaker 1: reserve in the United States? Can you know, can Trump last?
36:19
Speaker 1: Given the global pressure of declining oil exports and declining
36:28
Speaker 1: declining natural gas, now some of that the global economy
36:32
Speaker 1: has borne pretty well, and that's because the US is
36:35
Speaker 1: ramped up production, other places are ramped up production. It's
36:38
Speaker 1: also because China has decreased significantly the amount of inputs
36:43
Speaker 1: they're taking in and countries have adapted and adjusted. But
36:52
Speaker 1: there's a cost to all of that, and it's not
36:55
Speaker 1: clear because part of the way the United States has
36:57
Speaker 1: kept energy prices relatively low is by using up the
37:02
Speaker 1: strategic reserve. They can't can't keep doing that. It's almost empty.
37:09
Speaker 1: So the lowest it's been over forty years. China. Can
37:13
Speaker 1: China China cut significant amount of imports of oil. Can
37:20
Speaker 1: China continue to do that indefinitely? It's building moniuclear you know,
37:27
Speaker 1: Japanese cause more and more running on electricity, not not
37:32
Speaker 1: on fuel. They rely on coal for a lot of
37:36
Speaker 1: their energy. So it could be the China can just
37:40
Speaker 1: cut itself off from from oil and use coal and
37:47
Speaker 1: nuclear and and some you know, some a little bit
37:51
Speaker 1: of solar and wind in order to survive. But for
37:54
Speaker 1: how long and if they go back into the market,
37:57
Speaker 1: what does that do to prices? You know, Ukraine is
38:01
Speaker 1: pounding Russian oil infrastructure, so they are suffering. So there's
38:06
Speaker 1: less oil coming in from Russia. That's going to have
38:08
Speaker 1: an impact. So I mean playing this economic pressure game
38:14
Speaker 1: within authoritarian regime there's use stage population suffering and doesn't
38:20
Speaker 1: really care. It's a losing strategy. Again, the only way
38:24
Speaker 1: to win this war is to win the war, and
38:27
Speaker 1: the only way to win the war is to have
38:30
Speaker 1: regime change in the way to do that it's not
38:32
Speaker 1: with economic pressure. The way to do that is with yeah,
38:37
Speaker 1: sustained military sustain military options. So yeah, the fact the
38:47
Speaker 1: you know, who knows what Trump what Trump can or
38:51
Speaker 1: is able to do at this point, obviously it's not
38:54
Speaker 1: going back to war. So uh, we will see, we'll see.
39:03
Speaker 1: I mean, so this, you know, the point is nothing's changing.
39:08
Speaker 1: This is just gonna, This is just gonna. This is prolonging, continuing,
39:12
Speaker 1: and nothing's really changes. Okay. On the Trumpet demonstration's policies,
39:21
Speaker 1: you know, Uh, Trump has tried to reduce our dependence
39:29
Speaker 1: on inputs from China, and uh, to damage the Chinese
39:34
Speaker 1: economy and to bolt the manufacturing in the United States
39:38
Speaker 1: with teriffs. And the reality is it's completely failed. None
39:43
Speaker 1: of that has happened. So now what Trump is trying
39:47
Speaker 1: to do, Uh, he's trying to use subsidies and regulatorly
39:53
Speaker 1: revamps to kind of encourage US manufacturing since trying to
40:03
Speaker 1: engage in industrial planning. He's trying to do with the
40:05
Speaker 1: Left has for decades wanted to do, which is subsidized
40:10
Speaker 1: the industries that we want to be in the United States.
40:14
Speaker 1: It's never gone well for America, It's never really gone
40:17
Speaker 1: well for anybody. Now the regulatory view events are good.
40:22
Speaker 1: They're going to reduce regulation to try to exproke economic activity.
40:27
Speaker 1: But at the same time they're subsidizing and they're buying
40:31
Speaker 1: equity stakes. We've talked about this many times. So, you know,
40:37
Speaker 1: the US, the US is struggling to figure out what
40:43
Speaker 1: to do with China. It has no real solution in
40:48
Speaker 1: how to deal with China, how to deal with you know,
40:50
Speaker 1: they were a material bottleneck, the fact that we get
40:54
Speaker 1: it off from there. How to deal with the fact
40:56
Speaker 1: that we don't manufacture we knew as much as as
41:01
Speaker 1: China does. Uh, so what do we do? We spend
41:06
Speaker 1: a lot of money on domestic manufacturers. We uh maybe
41:09
Speaker 1: you know, we take equity stakes in rare earth material
41:12
Speaker 1: manufacturing miners. In the United States, we've got tariffs still,
41:22
Speaker 1: and you know, the reality is nothing really changes, nothing
41:31
Speaker 1: really changes. You know, the tariffs are creating a real
41:36
Speaker 1: mess in America. So now we have to do a
41:38
Speaker 1: bunch of stuff, subsidies, equity stakes, regulations in order to
41:44
Speaker 1: overcome the masks that the tariffs are creed. So, you know,
41:52
Speaker 1: this is the thing. You know, failed, big, big government
41:55
Speaker 1: policies lead to more big government policies, which about to fail,
42:01
Speaker 1: which will require more big government policies, and on and
42:04
Speaker 1: on and on. We yell, we've got bans on certain
42:10
Speaker 1: targeted inputs citing possible quote, supply chain vulnerabilities. Oh my god,
42:17
Speaker 1: scary stuff. For example, as we know we've we've talked
42:22
Speaker 1: about on the show, we now have bans on advanced
42:25
Speaker 1: robotic devices, including the next generation of vacuum cleaners, and
42:33
Speaker 1: bans on vital components of solar powered electricity. Now, the
42:39
Speaker 1: talist didn't work, so now we're banning the products, which
42:42
Speaker 1: we hope will force Americans to build their own at
42:46
Speaker 1: much higher prices. So if you're worried about cost of living,
42:50
Speaker 1: if you are about worried about prices going up, this
42:54
Speaker 1: is exactly the kind of economic policy that leads to
42:57
Speaker 1: prices going up. So the trade will continues. You know,
43:06
Speaker 1: she is coming to Washington soon to meet with Trump,
43:13
Speaker 1: and you know she's unhappy with the US and but Trump, Trump,
43:26
Speaker 1: just the incompetence is just unbelievable. It's just unbelievable. Right,
43:34
Speaker 1: we'll see what she negotiates. Right, we're trying to crack
43:41
Speaker 1: down on Chinese inputs and incentivize on showing, but that
43:47
Speaker 1: only leads to expensive stuff. So anyway, and the problem
43:51
Speaker 1: is opposed that no matter who wins the twenty twenty
43:53
Speaker 1: eight election, they're going to continue these policies because if
43:57
Speaker 1: it's Shade Evans, he believes in this kind of economic nationalism,
44:00
Speaker 1: and if the Left they've always believed in central planning
44:03
Speaker 1: industrial policy. Yeah, Jennifer says it perfectly. People won't stop
44:17
Speaker 1: buying FIGN to just make it illegal. That's a great idea. Yep,
44:22
Speaker 1: that's the trumpet in theistration. That's the way they think
44:25
Speaker 1: about these things. You know. One of the responses to
44:34
Speaker 1: rising energy costs and the results of the run war
44:37
Speaker 1: and everything else that's going on, or the run non
44:40
Speaker 1: war as the case may be, has been too basically
44:46
Speaker 1: waive the Jones Act, and the result of that has
44:51
Speaker 1: been amazing. I mean, there are maps out there with
44:55
Speaker 1: all the trade that's happening between American cities using I
45:00
Speaker 1: remember Jones access fixed trade between two American cities by
45:03
Speaker 1: ship to a U S flag US owned, US crew
45:08
Speaker 1: US built ship right four US built owned, crewed flagged,
45:17
Speaker 1: And when Jones Actor is in place, there's very little,
45:21
Speaker 1: very little trade that goes on by sea between American cities,
45:27
Speaker 1: and since it's been waived, there's been a huge boost
45:31
Speaker 1: in the amount of trade between US cities. That's curved
45:35
Speaker 1: and it's lower prices. It's a lot cheaper to use
45:40
Speaker 1: foreign vessels to carry energy, fertilizer, agricultural goods, containers, lots
45:47
Speaker 1: of stuff between two US ports instead of waiting for
45:51
Speaker 1: Jones Act boat. There are only seventy two Jones Act
45:55
Speaker 1: boats out there, and they're very expensive because there are
45:59
Speaker 1: very few of them, so prices have dropped. Everybody's happy.
46:04
Speaker 1: Everybody's happy that the Jones Act is being waived. So
46:09
Speaker 1: Trump has extended it for ninety days. For ninety days,
46:13
Speaker 1: foreign vessels will be able to transport goods between American pots.
46:19
Speaker 1: The administration says that the waiver that was in place
46:23
Speaker 1: has increased domestic deliveries of gasoline, diesel, and jet fuel,
46:28
Speaker 1: and they believe it's continued. It continues to be necessary
46:33
Speaker 1: to keep prices reasonable. However, however, the new version of
46:42
Speaker 1: the waiver is significantly narrower. It requires a bureaucrat I
46:50
Speaker 1: kid you not, It requires government approval for every voyage
47:00
Speaker 1: voyage by voyage port Pentagon and Maritime Administration review, which
47:10
Speaker 1: is unbelievable. You just created a massive eurecice of approvals.
47:17
Speaker 1: For every single time a ship goes between two American ports,
47:20
Speaker 1: they need a stamp of reproval of the Pentagon and
47:22
Speaker 1: from the Maritime Administrative It is free shared review. Do
47:26
Speaker 1: you think this will increase costs? Yeah? Do you think
47:30
Speaker 1: it'll be unbelievably inefficient? Yeah, it's just unbelievable. And for
47:45
Speaker 1: whom is this? Who is the special interest the lobbies
47:50
Speaker 1: for this, Well, the owners of the seventy two Jones
47:53
Speaker 1: Act boats that without the Jones Act don't have a
47:57
Speaker 1: competitive advantage. They're the ones law being for this. It's
48:05
Speaker 1: just unbelievable. We gain a little bit of freedom because
48:09
Speaker 1: there's an emergency. So we need freedom because it's an emergency.
48:12
Speaker 1: Why we need Why we don't need freedom when there's
48:15
Speaker 1: no emergency? Nobody tells us. But we can only get
48:21
Speaker 1: this freedom with the stamp of a bureaucrat. We need
48:24
Speaker 1: bureaucratic permission. We need bureaucratic approval to have this freedom.
48:30
Speaker 1: Freedom that costs, It doesn't cost anybody anything and benefits
48:35
Speaker 1: all of us enormous win win win win. It's yeah,
48:46
Speaker 1: I mean again the stupidity, economic ignorance and just general
48:54
Speaker 1: general I don't know what to call. It is really unbelievable.
48:58
Speaker 1: And the strump administry did they deserve to lose a
49:02
Speaker 1: what I mean, they deserve to lose big time, big time?
49:08
Speaker 1: All right, quickly, on inflation. This is again price inflation,
49:12
Speaker 1: not monetary inflation. This is price inflation CPI. The Consumer
49:16
Speaker 1: Price Index rose zero point one percent month to month
49:19
Speaker 1: and three point four year to year and year it's
49:22
Speaker 1: a down for three point five percent in June. Coinflation
49:27
Speaker 1: was up two point five percent year over year, which
49:31
Speaker 1: is a little lower than what it was in June.
49:35
Speaker 1: Energy price has declined during July, but still remained fourteen
49:39
Speaker 1: percent higher than a year ago. So you know, in
49:45
Speaker 1: the Fed's target inflation rate target CPI or they use
49:50
Speaker 1: PC but it's all about the same, it's two percent.
49:54
Speaker 1: They are off by seventy five percent, which is a
49:59
Speaker 1: huge miss. So there's still a huge miss when it
50:04
Speaker 1: comes to when it comes to inflation target that the
50:10
Speaker 1: FED has. So these numbers were better but still bad,
50:14
Speaker 1: bad by the standards of the FED Reserve. Now you know,
50:20
Speaker 1: I suspect a lot of this is not inflation in
50:23
Speaker 1: the sense that we mean an overall rise in the
50:29
Speaker 1: price level. But this is mostly not all, but mostly
50:33
Speaker 1: relative prices. But the reality is because it's oil, but
50:39
Speaker 1: the relative prices is what people feel in the pocket book.
50:43
Speaker 1: That's what they feel in their wallet. People are actually
50:49
Speaker 1: feeling poor because they're spending more at the grocery store,
50:54
Speaker 1: they're spending more at the gas station. And they don't
50:58
Speaker 1: care if that's caused by printing more money, if that's
51:02
Speaker 1: caused by an oil shock, or if it's called by
51:04
Speaker 1: supply shocks. What they care about. What they really care
51:07
Speaker 1: about is that they're spending more money on the same stuff,
51:12
Speaker 1: and that their wages, while going up, were up until
51:18
Speaker 1: a couple of months ago, a few months ago, keeping
51:20
Speaker 1: up with inflation, keeping up with these CPI, are not
51:23
Speaker 1: anymore so in a real basis, you know, in terms
51:27
Speaker 1: of purchasing power, which is what people care about, right,
51:30
Speaker 1: People care about what can a dollar purchase? What can
51:32
Speaker 1: I go at the store and actually buy. That's what
51:35
Speaker 1: they care about. And from that sense, their income stand
51:41
Speaker 1: up living going down, and that's part of why they're
51:46
Speaker 1: as pissed off as they are at the Trump administration.
51:51
Speaker 1: Inflation really hoods, I mean, should have learnt this lesson
51:57
Speaker 1: politically in the set from the seventies. But voters hate inflation.
52:03
Speaker 1: They vote the bastards out when they are faced with
52:08
Speaker 1: price increases, prices in the stores increase, vote the bastards out.
52:14
Speaker 1: That's the general rule. So you know, that is where
52:21
Speaker 1: we are. That those numbers came out this morning. So
52:28
Speaker 1: a big part of the you know, angst against Trump,
52:31
Speaker 1: beyond Iran, beyond is genuine incompetence, beyond the fact that
52:35
Speaker 1: is around the fact that tariffs and oil have caused
52:40
Speaker 1: prices to go up. The prices people came most about
52:46
Speaker 1: the prices they paid the grocer, not chicken. By the way,
52:48
Speaker 1: we talked about this the O of the day, chicken prices.
52:51
Speaker 1: If you like chicken, it's super cheap right now, super cheap,
52:55
Speaker 1: and chicken manufacturers, farmers, what do he calls you? They
53:01
Speaker 1: are losing huge amounts of money. So greedflation has gone
53:05
Speaker 1: in reverse. It's deef it's it's uh deflationary losses. I
53:12
Speaker 1: don't know what it's what it's called. So uh put
53:21
Speaker 1: aside whether there's also monitor inflation going on, and there
53:25
Speaker 1: seems to be the the inflation, the the increasing price
53:37
Speaker 1: is caused by tariffs and caused by oil prices. Increases
53:42
Speaker 1: are really hooting people hurt people anyway, those who we
53:45
Speaker 1: love chicken, I see Jennifer and Thomas are big chicken lovers.
53:50
Speaker 1: It's a field day for you guys, because chicken is
53:53
Speaker 1: way cheap, you suld you should be stocking up with chicken,
53:55
Speaker 1: freezing it. Who knows that this won't last? I mean,
53:57
Speaker 1: what will happen is manufacturers will cut, will cut. Pork
54:03
Speaker 1: is cheaper the chicken, I don't think. I don't think
54:06
Speaker 1: pocash has gone down in price the way chicken has
54:11
Speaker 1: gone down in price. So the chicken prices are plummeted.
54:15
Speaker 1: And as I said, chicken, chicken manufacturers are selling it
54:18
Speaker 1: at a discount, so they're selling it at a loss
54:22
Speaker 1: right now until they can get the supply under control.
54:25
Speaker 1: I don't think that's true of pork. All right. Finally,
54:31
Speaker 1: some good news on Mega mega influences. Mega influences are
54:38
Speaker 1: losing a lot of clouds. The Mega medium machine is fracturing.
54:45
Speaker 1: Once it used to supporte. Donald Trump completely. Now some do,
54:50
Speaker 1: some don't, but generally what's happening is viewership of you know,
54:58
Speaker 1: mega celebrities is way down. So if you go back
55:04
Speaker 1: to when was this early twenty twenty five, right the
55:14
Speaker 1: twelve right wing biggest right wing influences generated one hundred
55:18
Speaker 1: million views, one hundred million views is that a week? Yeah,
55:26
Speaker 1: a week a week on YouTube one hundred million. That
55:31
Speaker 1: number is down to forty nine point four so fifty today.
55:36
Speaker 1: So basically the twelve biggest right wing influencers are shrunk
55:40
Speaker 1: by half in terms of number of views on YouTube.
55:44
Speaker 1: Relegate x weekly views the beginning of twenty twenty five
55:49
Speaker 1: were eight hundred and thirty four million. They've come down
55:54
Speaker 1: to one hundred and forty so they've gone down seventy
55:57
Speaker 1: five percent. One hundred and forty million. Rumbo Rumbo views
56:06
Speaker 1: were as high as forty million. They've come down to
56:09
Speaker 1: twelve ages, seventy five percent decline. If you look at
56:15
Speaker 1: podcast listeners, these are kind of flat, about eleven and
56:19
Speaker 1: eleven eleven at the beginning to podcast is flat. Who
56:24
Speaker 1: are these? Who are these people we're talking about? Betty Johnson, Megan, Kelly,
56:29
Speaker 1: Candae own Charlie Cooke Show, which still does pretty well
56:35
Speaker 1: even without Charlie Tucker Carlson, Did I say Tucker Magan
56:42
Speaker 1: Kelly has said, Candice owned, Ben Shapiro, Matt Walsh, Dan Bungino,
56:50
Speaker 1: Stephen Crowder, and Timpoole. Yeah, and Timpole. I guess Charlie
56:56
Speaker 1: Cooke went basically to zero, but not to zero, but
56:59
Speaker 1: went down at once he was murdered, and I assume
57:04
Speaker 1: they adjust for that, so it's not all just Charlie
57:07
Speaker 1: Cook going away. All of them are doubt all of
57:10
Speaker 1: them down. Manny Johnson is down from like thirty million
57:15
Speaker 1: closer to fifteen, so he's down by half. Tucker Carlson
57:19
Speaker 1: unless he took a Carson Tucker Cousins up. Tucker Cosson
57:22
Speaker 1: is the only one here that's up. Making Kelly's way
57:26
Speaker 1: down from close to thirty million to under ten. Candice
57:30
Speaker 1: a way down. She peaked at almost thirty million, is
57:35
Speaker 1: down to fall. Ben Shapiro was over ten million, he's
57:38
Speaker 1: down to full. Matt Walsh was about eight million, he's
57:43
Speaker 1: down to one point two. Don Bungino was well, he
57:47
Speaker 1: only joined right. He came back and he peaked at
57:52
Speaker 1: four million, and he's down to one. Crowder. Crowder peaked
58:00
Speaker 1: in October twenty twenty five at like seven million, and
58:03
Speaker 1: he's under a million now. Timpoole has never been huge,
58:08
Speaker 1: but he is down fifty percent from his peak. No,
58:12
Speaker 1: he's not much more than fifty percent from one point
58:14
Speaker 1: five to like two hundred thou seventy five percent from
58:17
Speaker 1: the peak. So they're all down. Patrick Brendavie does not
58:22
Speaker 1: count it here. I don't know why, but these are
58:25
Speaker 1: the twelve that they chose. Right. Megan Kelly's had explosive growth,
58:33
Speaker 1: but she can't sustain it. It goes up and crashes
58:37
Speaker 1: down and goes below what it was before. I mean,
58:40
Speaker 1: the only guy who's grown, and even he is way
58:42
Speaker 1: off the peak he started out. This is Tucker Costs
58:45
Speaker 1: and started at around seven million is at twelve, but
58:49
Speaker 1: he peaked at nineteen million in March. So they're all
58:57
Speaker 1: on the downs. They're all going down, all going down,
59:02
Speaker 1: and generally there's a growing body of evidence to suggest
59:05
Speaker 1: that audiences for pro Trump content has fallen from its
59:08
Speaker 1: heights for some creators, has reached new lows. Now I
59:14
Speaker 1: can tell you my views are not going up, so
59:17
Speaker 1: they're not all coming to me. I was hoping, you
59:21
Speaker 1: know that all the tech of calls and people who
59:23
Speaker 1: were fed up with Taka would come to Yourn book Show.
59:26
Speaker 1: But that's not happening. Not happening. I mean, our viewership
59:30
Speaker 1: is growing smoke slowly, but we are steady. We're not shrinking.
59:34
Speaker 1: We never have shrunk. We grow steadily month and month out.
59:39
Speaker 1: I mean some months of down, some months up, but
59:41
Speaker 1: generally the trend is a slow, mild increase, nothing dramatic
59:48
Speaker 1: on the Iran Book Show. And we're not getting the
59:54
Speaker 1: Making Kelly people. We're not getting the the even Ben
59:57
Speaker 1: Shapiro's people are not coming over to the IRN Book Show.
59:59
Speaker 1: It's unbelievably disappointing. So I hope that the decline of
1:00:03
Speaker 1: MAGA would increase my popularity, and it happened, hasn't happened,
1:00:09
Speaker 1: hasn't happened. But let's see, Yeah, I viewers are dropping
1:00:17
Speaker 1: for many, mister this is this is a story in
1:00:20
Speaker 1: New York Times, many of mister Trump's greatest allies. While
1:00:24
Speaker 1: some figures on the right who have taken criticizing doctor Trump,
1:00:27
Speaker 1: mister Trump, doctor Trump shown uneven gains. So so I mean,
1:00:38
Speaker 1: this is an analysis based on podcast YouTube x rumble
1:00:43
Speaker 1: and again, oh here here's the here's the twelve. They
1:00:46
Speaker 1: looked at Johnson Bongino, Kelly Tucker Colson, Stephen Crowd and
1:00:51
Speaker 1: Matt Wallis, candicell and Stephen Bannon, Nick Foyantis, Ben Shapiro
1:00:56
Speaker 1: or Tim Poole, and Charlie Cook. So yeah, now there's
1:01:07
Speaker 1: a fresh generation of influences like Clovicula. I've never heard
1:01:12
Speaker 1: of this guy, but I heard of him with you know,
1:01:15
Speaker 1: from Nikos, I guess so from somebody who asked a
1:01:17
Speaker 1: question about him. I didn't know this person existed. There's
1:01:21
Speaker 1: Clovicula and acts, and there's a YouTube creator called Asthma Gold.
1:01:28
Speaker 1: They're now siphoned away viewers by speaking about politics alongside
1:01:32
Speaker 1: other topics like gaming and relationships. All Right, you guys
1:01:38
Speaker 1: familiar with Osma Gold, We'll have to check him out.
1:01:47
Speaker 1: He's a YouTuber content creator, long long hair and uh yeah,
1:01:58
Speaker 1: we'll try to figure out who he is what he
1:02:00
Speaker 1: is Clavacula, Yeah, I mean, I'm gonna have to figure
1:02:05
Speaker 1: this guy out right, uh and uhy Fluenttis for instance,
1:02:14
Speaker 1: so notable games in twenty twenty five and early twenty
1:02:17
Speaker 1: twenty six, but is now trending down. Everyone in the
1:02:21
Speaker 1: space has experienced had drop off in views from twenty
1:02:23
Speaker 1: twenty five. Mister Foyentees wrote in an email, seems as
1:02:28
Speaker 1: though twenty twenty five was an anomaly, either due to
1:02:31
Speaker 1: organic interest or potential artificial boosting. Yeah, some of those
1:02:36
Speaker 1: Chinese bots that are boosting Nick Frents wouldn't be surprised.
1:02:44
Speaker 1: Let's see a representative. Mister Crowder said his total monthly
1:02:49
Speaker 1: views on Rumble has increased by about ten million since
1:02:52
Speaker 1: January twenty twenty four. Candice Owens says that maternity leave
1:02:56
Speaker 1: in vacations have caused their YouTube views to dip recently,
1:03:00
Speaker 1: and pointed the data on podscribe that estimates audience size
1:03:06
Speaker 1: across platforms that shows softer audience declines since mister Cooke's death.
1:03:13
Speaker 1: Why anybody watches Candice Owens is beyond me, just beyond me.
1:03:17
Speaker 1: I mean, if what you want is just people making
1:03:21
Speaker 1: stuff up, just making stuff up, then all right, all right?
1:03:38
Speaker 1: I see some people know as men Gold as men gold.
1:03:42
Speaker 1: While you guys are very connected. I'm impressed, very connected.
1:03:51
Speaker 1: Some of you are happily out of their loop. Uh.
1:03:55
Speaker 1: Clavicular is one of those new Manisphere health type YouTube
1:04:00
Speaker 1: YouTuber TikTokers. All Right, you're gonna have to catch up
1:04:04
Speaker 1: with them. You know, we're gonna have to figure out
1:04:07
Speaker 1: figure out the secret to becoming popular on these on
1:04:11
Speaker 1: these platforms. Let's see, all right, Yeah, they've got here
1:04:20
Speaker 1: breakdown of Ben Shapiro's YouTube audience podcasts. He's doing better
1:04:24
Speaker 1: in podcasts recently and worse on YouTube, which is interesting.
1:04:30
Speaker 1: It could be it could be a shift I do
1:04:32
Speaker 1: about I think about the same in podcasts and in
1:04:36
Speaker 1: YouTube in terms of in terms of views. Yeah, for
1:04:41
Speaker 1: intance is definitely down. He peaked in late twenty twenty five.
1:04:48
Speaker 1: That's on Rumble. That's on Rumble. I'm not on Rumble.
1:04:52
Speaker 1: Maybe that's the problem. Maybe he should go on Rumble.
1:04:55
Speaker 1: All right, let's see what else? A few quick, a
1:04:59
Speaker 1: few quick kind of to end to end this out,
1:05:03
Speaker 1: I saw this cool graph. Uh so you know, we've
1:05:08
Speaker 1: talked about this before and uh and brought this up
1:05:11
Speaker 1: and you know when European. So this is a tweet
1:05:15
Speaker 1: by Michael I can't pronounce his name. What he says
1:05:22
Speaker 1: when the European reads America is extremely rich. His first
1:05:27
Speaker 1: natural reaction is to reply, we are better off because
1:05:31
Speaker 1: we have free healthcare. No, you're not Michael Wrights. Even
1:05:37
Speaker 1: after healthcare spending, you are much poorer than Americans, and
1:05:42
Speaker 1: the gap will keep widening. See here's the reality, Europeans.
1:05:49
Speaker 1: If you take household income before healthcare, subtract healthcare spend,
1:05:56
Speaker 1: both premiums and out of pocket, you get disposable income.
1:06:02
Speaker 1: American net disposable income is and I don't know if
1:06:08
Speaker 1: this is median or average. I'll have to figure this out.
1:06:13
Speaker 1: Is forty two thousand dollars. Germany is thirty two thousand dollars,
1:06:18
Speaker 1: Denmark thirty one thousand, Frans twenty seven, Italy twenty five,
1:06:22
Speaker 1: United Kingdom twenty four, Spain twenty four. In other words,
1:06:26
Speaker 1: Spain and England Spain. I mean right now, I will
1:06:30
Speaker 1: be in the UK next month almost half net disposed income,
1:06:35
Speaker 1: that's income you have after taxes, after transfers, after healthcare costs.
1:06:41
Speaker 1: What do you have left to spend on you? What
1:06:45
Speaker 1: do you have left to consume to buy stuff to
1:06:49
Speaker 1: go on vacations? And Americans have double and Americans are
1:06:53
Speaker 1: going on vacations as I showed you last night. Whoops,
1:06:59
Speaker 1: what happened? Uh? When this happens? Okay, let's see what
1:07:09
Speaker 1: can I do to boost it. Give me a minute, guys. Okay,
1:07:16
Speaker 1: here sees that a work and maybe this we'll try that.
1:07:33
Speaker 1: Let's see if that works. Let's see the video should
1:07:44
Speaker 1: be back. Yeah, okay. As I mentioned, fifty five percent
1:07:50
Speaker 1: of Americans have passports. And by the way, somebody wrote
1:07:52
Speaker 1: me and said, that's that passports because Ice. Everybody's getting
1:07:56
Speaker 1: a passport and now holding onto their passport to show ice.
1:08:00
Speaker 1: The trend went from five percent in nineteen ninety and
1:08:03
Speaker 1: it goes like this. It's a constant rise, steady, steady.
1:08:07
Speaker 1: It went down a little bit after COVID and then
1:08:10
Speaker 1: it went up and there's no bump. There's no Trump
1:08:15
Speaker 1: Ice bump. Americans have passports because they're traveling more, much more,
1:08:26
Speaker 1: and it's well documented and the data is in. And yes,
1:08:30
Speaker 1: Americans are fearful of ICE. Luckily they already have passports.
1:08:36
Speaker 1: But they didn't get the passports for ICE because they
1:08:40
Speaker 1: started getting the passports twenty years ago and then ten
1:08:44
Speaker 1: years ago, and then five years ago, and then three
1:08:46
Speaker 1: years ago before Trump even got to office, before there
1:08:49
Speaker 1: was an ice. Anyway, anyway, Americans are rich, is my point,
1:08:54
Speaker 1: continues to be rich. You slice it the data anyway,
1:08:58
Speaker 1: you want. Americans are sea significantly richer than Europeans and
1:09:03
Speaker 1: not rich enough, and our economy sucks right now, and
1:09:06
Speaker 1: Trump is doing everything in his power to make us
1:09:08
Speaker 1: poor up and yet amazingly, amazingly, you know, in the
1:09:22
Speaker 1: Europeans managed to have economic policies worse than Trump's. And
1:09:26
Speaker 1: that takes skill, that takes real talent. All right, another one, Oh,
1:09:32
Speaker 1: you know, there's a conspiracy theory that says it's been
1:09:35
Speaker 1: around for a while that the US government doesn't you know.
1:09:38
Speaker 1: It says it has all these all these gold bars
1:09:41
Speaker 1: and forth Knox, but it's all been stolen. It doesn't exist,
1:09:45
Speaker 1: it's not there. Nobody's seen it in a long long time. Anyway,
1:09:49
Speaker 1: Senator Ran Paul went to Fourth Knox to test and
1:09:53
Speaker 1: and and and to see is the gold really in
1:09:57
Speaker 1: Fourth Knox? And shockingly, shockingly, he reported that the vault
1:10:05
Speaker 1: is full. He says, all the Fort Knox gold is there,
1:10:11
Speaker 1: roughly one hundred and forty seven million ounces. I wonder
1:10:14
Speaker 1: if he counted it. I don't know. I wonder if
1:10:16
Speaker 1: he counted I don't know. Can we trust Grandpa? So
1:10:20
Speaker 1: Rand Paul went there, he put out a video, and
1:10:23
Speaker 1: now the gold is all counted for, right, So there
1:10:33
Speaker 1: bean stories about the missing goal for a long time. Supposedly,
1:10:35
Speaker 1: Secretary Steve Mnusian during the first Trump administration went to
1:10:39
Speaker 1: check it out and see if it was there. Rand
1:10:48
Speaker 1: Paul tweeted before he went to see the gold, he says,
1:10:51
Speaker 1: I'm at Fort Knox. We've come to see the gold.
1:10:53
Speaker 1: Our country has about one hundred and forty seven million
1:10:56
Speaker 1: ounces of gold, and about half of it is stored
1:10:58
Speaker 1: here at Fort Knox. We're going to be going deep
1:11:01
Speaker 1: underground to see the gold. But more importantly, we're going
1:11:03
Speaker 1: to be talking about today about gold. And then he
1:11:09
Speaker 1: you know, he says gold does not expand when Congress
1:11:11
Speaker 1: spans paper does that is the difference. I'm afo going
1:11:16
Speaker 1: back on a gold standard. He wrote that the dollar.
1:11:19
Speaker 1: He wrote that the dollars last ninety seven percent of
1:11:21
Speaker 1: his purchasing power. Since the federers have opened in nineteen thirteen.
1:11:25
Speaker 1: That's absolutely right by his count. It has also shard
1:11:28
Speaker 1: eighty five percent since nineteen seventy one. I think that's
1:11:32
Speaker 1: right about right when President Richard Nixon cut its final
1:11:36
Speaker 1: tie to gold. So yes, now on the books of
1:11:44
Speaker 1: the US government it has gold one hundred and forty
1:11:48
Speaker 1: seven million, three hundred and forty one thousand, eight hundred
1:11:52
Speaker 1: and fifty eight ounces. They have it at book value,
1:11:56
Speaker 1: which is forty two point twenty two an ounce. Is
1:12:00
Speaker 1: the price of gold in nineteen seventy three. That's what
1:12:08
Speaker 1: they have. Now if you valued it at today's dollars,
1:12:13
Speaker 1: it would be worth instead of six point two billion dollars,
1:12:16
Speaker 1: it would be worth six hundred and forty four billion
1:12:19
Speaker 1: dollars right at today's price of four thousand, three hundred
1:12:22
Speaker 1: and seventy two dollars. Anyway, interesting that the government has
1:12:31
Speaker 1: is sitting on an asset worth six hundred and forty
1:12:35
Speaker 1: four billion. Now here's the thing. What should they do
1:12:37
Speaker 1: with the gold?
1:12:39
Speaker 3: Now we could argue they should keep it because one
1:12:41
Speaker 3: day we'll want to go back on the gold standard.
1:12:44
Speaker 3: And when we go back on the gold standard, you know,
1:12:48
Speaker 3: you know, this will be the base from which I
1:12:52
Speaker 3: guess the FED.
1:12:54
Speaker 1: But we don't want to FED. If we go back
1:12:55
Speaker 1: on the gold standard, we have free banking, so we
1:12:57
Speaker 1: don't want to FED. Seere's what I think we should
1:13:00
Speaker 1: do with the gold. I think the US government should
1:13:03
Speaker 1: sell all of it and pay down the debt. It
1:13:08
Speaker 1: should sell all of it and pay down the debt,
1:13:12
Speaker 1: or it could distribute it to all of us. We
1:13:15
Speaker 1: could all get a little bit of it. Six hundred
1:13:17
Speaker 1: and forty four billion is a lot, but I think
1:13:21
Speaker 1: the best thing is just to sell the gold pay
1:13:24
Speaker 1: off you know, close to trillion dollars of debt. That
1:13:28
Speaker 1: what would uce goumm debt and now it would be
1:13:33
Speaker 1: that would be a good thing. What is the point
1:13:37
Speaker 1: of six hundred and forty four billion dollars worth of
1:13:38
Speaker 1: goal sitting in the vault when the US government is,
1:13:47
Speaker 1: you know, running huge deficits and has massive debt. Pay
1:13:51
Speaker 1: off the debt? Hey did I have? What did I have? Yeah?
1:14:02
Speaker 1: All right, that is it, my friends. That is the
1:14:05
Speaker 1: news for this Wednesday, August twelfth. I hope, I hope
1:14:12
Speaker 1: you guys have all had a whoops? What was I doing?
1:14:20
Speaker 1: I want to do something here, give me a second,
1:14:24
Speaker 1: all right, Thanks to all the super Shadows. Thank you
1:14:26
Speaker 1: all for being here and listening. I know it's a little.
1:14:30
Speaker 1: Timing is a lot, okay, so shows starting today, the
1:14:34
Speaker 1: shows are going to be at two pm East Coast time,
1:14:37
Speaker 1: not three pm. Two pm three PMS is too damn
1:14:39
Speaker 1: late for me while I'm in Spain. So three pm
1:14:44
Speaker 1: would be nine pm. Two pm is eight pm. So
1:14:46
Speaker 1: I'm doing my guest is doing shows from eight pm
1:14:49
Speaker 1: to ten ten thirty is fine. Later than it is
1:14:53
Speaker 1: a little much, So it's you know, please two pm
1:15:06
Speaker 1: notes that it's going to be an hour earlier than usual.
1:15:10
Speaker 1: An hour earlier than usual. All right, let me just
1:15:14
Speaker 1: put in here what they want to check. Yeah, that's
1:15:22
Speaker 1: what I wanted. All right. Let me remind you of
1:15:26
Speaker 1: a few things, a few things. The Innman Institute is
1:15:33
Speaker 1: still it looks like taking scholarships for the Austin Conference.
1:15:40
Speaker 1: In taking applications of scholarships to the Austin Conference in September,
1:15:44
Speaker 1: you just have to actually search. If you go to
1:15:48
Speaker 1: slash ybs, the Austin Conference no longer appears on that page.
1:15:52
Speaker 1: I don't know why I'll have to. I'll have to
1:15:54
Speaker 1: bug people and find out what exactly is going on.
1:15:57
Speaker 1: So I suggest you just search Austin Einman Confidence twenty
1:16:04
Speaker 1: twenty six and you will find the page in the
1:16:06
Speaker 1: scholarship application. But I'm just reminding you to go and
1:16:09
Speaker 1: do that. And if you're under thirty five, and hopefully
1:16:14
Speaker 1: you can attend. Lincoln says he got his Austin scholarship.
1:16:18
Speaker 1: I wonder if anybody else listening right now got a
1:16:22
Speaker 1: scholarship to the Austin Conference. It's great that Lincoln got
1:16:25
Speaker 1: one and he gets to participate, all right. I want
1:16:30
Speaker 1: to also remind you that Alex Epstein is a sponsor
1:16:33
Speaker 1: of this show. Alex Alex has the best substack on
1:16:41
Speaker 1: all things energy and now data centers. I think Alex
1:16:45
Speaker 1: is writing a book about data centers, so you'll get
1:16:48
Speaker 1: a lot of really fresh, interesting information about data centers.
1:16:53
Speaker 1: Alex is also on doing a ton of media on
1:16:56
Speaker 1: the issue of data centers. So check it out, Check
1:16:59
Speaker 1: it out, check out Alex Epstein does substec dot com.
1:17:02
Speaker 1: Alex Epstein does substect dot com. I also want to
1:17:05
Speaker 1: remind you that our friends in Australia are trying to
1:17:11
Speaker 1: organize a screening of the movie of We the Living.
1:17:18
Speaker 1: The movie of We the Living, the Italian movie. Beautiful, beautiful,
1:17:22
Speaker 1: amazing movie. I love this movie. There is a new
1:17:25
Speaker 1: clean version of it with better sound, better picture, better
1:17:30
Speaker 1: subtitles that is making the rounds and they're trying to
1:17:34
Speaker 1: get it to bring it to Melbourne and start with
1:17:37
Speaker 1: Melbourne with a premiere in November and then travel around
1:17:41
Speaker 1: Australia and show the movie in various cities in Australia.
1:17:46
Speaker 1: And they are trying to raise money for this. They
1:17:48
Speaker 1: need to raise ten thousand dollars, which's not a huge amount.
1:17:51
Speaker 1: And I know there are a lot of Australians who
1:17:55
Speaker 1: listen to the Iroon Book Show and who have been very,
1:17:59
Speaker 1: very be generous in contributing money to the Iran Book Show.
1:18:04
Speaker 1: I think it's in your self interest. I really think
1:18:08
Speaker 1: it's in your self interest to contribute to this project
1:18:11
Speaker 1: and to to get With the Living on a screen
1:18:14
Speaker 1: and to give you an opportunity to see With the
1:18:16
Speaker 1: Living on a big screen uh and and to uh
1:18:19
Speaker 1: and and to help make a big deal out of
1:18:22
Speaker 1: We the Living in Australia, and to raise Iron RAN's
1:18:24
Speaker 1: profile in Australia. So see if you can see if
1:18:30
Speaker 1: you can bring yourself to support this again. I think
1:18:35
Speaker 1: you will benefit from it. I think objectives in Australia
1:18:37
Speaker 1: will benefit, but but you will benefit because you'll get
1:18:40
Speaker 1: to see this movie. It's a beautiful, an amazing movie.
1:18:43
Speaker 1: Uh to watch and to see it on a big
1:18:45
Speaker 1: screen is an incredible treat. So I encourage you to
1:18:48
Speaker 1: go to the go fundme web page for iron Ran
1:18:53
Speaker 1: We the Living. Just search Ironman with the Living on
1:18:56
Speaker 1: the GoFundMe dot com, go fund me one word dot com,
1:19:01
Speaker 1: just search iron Rand with the Living and they've raised
1:19:04
Speaker 1: just over two thousand dollars their goal, so it's twenty
1:19:07
Speaker 1: one percent of what they need to be so please
1:19:10
Speaker 1: consider doing something. And of course, to get to ten
1:19:14
Speaker 1: thousand dollars, they're going to need a few of you
1:19:16
Speaker 1: to step up and do you know, hundreds of dollars
1:19:20
Speaker 1: or thousands of dollars to get to that amount. So
1:19:23
Speaker 1: hopefully some of you are willing to do that. And
1:19:27
Speaker 1: and again, as I said, I really do think it's
1:19:31
Speaker 1: in your self interest. All right, all right, remind you
1:19:43
Speaker 1: that we you know, this show is funded through support
1:19:47
Speaker 1: of you you out there. We are doing well on
1:19:51
Speaker 1: the super chat today. Thank you. H So we're up
1:19:55
Speaker 1: there to about yeah, so we're about eighty dollars short
1:20:02
Speaker 1: of our second hour goal, and we are in the
1:20:04
Speaker 1: second hour, but eighty dollars is not too bad for
1:20:07
Speaker 1: twenty dollars questions and we're there or a few stickers
1:20:09
Speaker 1: and we're there and those of you who want to
1:20:13
Speaker 1: become monthly support we want to contribute to the show.
1:20:17
Speaker 1: The best way to do it is become monthly supporters
1:20:19
Speaker 1: on Patreon or PayPal. And you know, for all your
1:20:22
Speaker 1: podcasters out there, just go now and just do it.
1:20:25
Speaker 1: It's easy and you don't have to think about it again,
1:20:30
Speaker 1: and you're support of the show, So please consider doing
1:20:32
Speaker 1: it becoming a Patreon supporter of the show Patreon dot com.
1:20:36
Speaker 1: Just do your on book show on there and become
1:20:38
Speaker 1: a monthly supporter again. For ten dollars a month, you
1:20:42
Speaker 1: get a commercial free version of the podcast, which I
1:20:46
Speaker 1: know many of you listen to. Might as well listen
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Speaker 1: with no commercials for ten bucks. Seems like a deal
1:20:51
Speaker 1: to me. Go to Patreon sign up. All right, let's
1:20:57
Speaker 1: see few stickers I need I need to thank So
1:21:01
Speaker 1: we've got Stephen Harper, thank you for the sticker and
1:21:07
Speaker 1: selfish subscriber fifty dollars, really really really really appreciate that.
1:21:11
Speaker 1: Thank you. And let's see who else do we have
1:21:16
Speaker 1: for stickers? We have a J and Katherine from Europe
1:21:22
Speaker 1: and AJ again and and and do we have anybody else?
1:21:31
Speaker 1: Might be it? All right? That is all the stickers.
1:21:35
Speaker 1: You too can support the show with sticker two dollars,
1:21:38
Speaker 1: five dollars, ten dollars, dollars, whatever you can afford, whatever
1:21:41
Speaker 1: you think the show is valuable to you, jump in
1:21:44
Speaker 1: and show your support. It's appreciated. And of course you
1:21:48
Speaker 1: can ask a question. And we're basically four twenty dollars
1:21:53
Speaker 1: questions short of our goals. Would be great if we
1:21:55
Speaker 1: got a few twenty dollar questions. All right, let's take
1:21:59
Speaker 1: on the super chats. You've got a few fifties, yep,
1:22:11
Speaker 1: let's start with Wes thank us fifty dollars. The fact
1:22:15
Speaker 1: that there seems to be no way to get rid
1:22:17
Speaker 1: of the JONESAC says a lot about what the government's
1:22:21
Speaker 1: priorities are. Yeah, I mean it's it's clearly not your
1:22:24
Speaker 1: interests or my interests, or for that matter, they're making
1:22:27
Speaker 1: people's interests as individuals. These are the interests of particular
1:22:31
Speaker 1: special interest groups, particularly lobby groups, and particularly in particular bureaucrats,
1:22:36
Speaker 1: the guys who stamp their permission on these exclusions. They
1:22:41
Speaker 1: want to keep their jobs. So it's so corrupt, it's
1:22:44
Speaker 1: so obviously stupid, it's so obviously retards economic prosperity. In America,
1:22:51
Speaker 1: at least at the coat on the coasts where most
1:22:54
Speaker 1: of the Maican population lives. It's stunning. It's stunning that
1:23:00
Speaker 1: there's not a much bigger there's a lot more voices
1:23:05
Speaker 1: crying out to get rid of this thing. And it
1:23:08
Speaker 1: shouldn't even be a democratic republican thing. It's just plain
1:23:11
Speaker 1: stupid and economically literate and very very straightforward. What needs
1:23:16
Speaker 1: to be done, just you know, reverse the Jones that
1:23:20
Speaker 1: just do away with the Congressions. Pass a law that
1:23:22
Speaker 1: says no more Jones that gone. You can ship anything
1:23:25
Speaker 1: from anywhere to anyway on any boat that you want.
1:23:29
Speaker 1: Do it all right, Michael, fifty dollars, thank you. It
1:23:35
Speaker 1: could just pause Mum Donnie's tax on second homes because
1:23:38
Speaker 1: people with second homes are suing the city. These wealthy
1:23:42
Speaker 1: people are altruistic and self hating only up to a point. Yeah,
1:23:45
Speaker 1: of course they'll fight for their own interests. And the
1:23:48
Speaker 1: very rich one o the people who voted for Hamdanni.
1:23:51
Speaker 1: It's the you know, the professional rich who voted for him.
1:23:58
Speaker 1: It was funny because I read a story I didn't
1:24:01
Speaker 1: read deeply into it, so I'm not sure this is true,
1:24:03
Speaker 1: but it seemed like the judge, the judge who was
1:24:07
Speaker 1: here in the case was also going to be taxed
1:24:10
Speaker 1: under this tax so maybe he had a self interest here.
1:24:16
Speaker 1: But yeah, people assuming like crazy over this right now.
1:24:19
Speaker 1: The lawsuit is just to clear Michael, So don't be
1:24:23
Speaker 1: too optimistic. Right now. The lawsuit is timing. It's too fast.
1:24:31
Speaker 1: We want to slow it down. The suit is not
1:24:34
Speaker 1: about the constitutionality of the law. The suit is about
1:24:39
Speaker 1: we need more time to you know, figure out who
1:24:42
Speaker 1: really owns this property, who lives there, who doesn't. We
1:24:45
Speaker 1: need time to change our behavior if needed, we need
1:24:48
Speaker 1: time to sell our property. So it's basically right now
1:24:51
Speaker 1: saying they didn't give us enough notice. That's that's the objection.
1:24:56
Speaker 1: So it's not a principled objection at all so far, Michael.
1:25:04
Speaker 1: Another question fifty dollars, thank you, Thank you. Michael. You
1:25:07
Speaker 1: said evil people are always angry, but if you listen
1:25:10
Speaker 1: to serial killers being interviewed, they seem quite calm and emotionless,
1:25:15
Speaker 1: like Jimmy Dahmer, almost numb. Yeah, but that doesn't mean
1:25:20
Speaker 1: they're not angry. They're almost always angry, so it's just
1:25:25
Speaker 1: that they present that anger in a very calm way.
1:25:27
Speaker 1: They're angry at their mother, They're angry at some injustice
1:25:31
Speaker 1: that they believe happened towards them. They're angry at the world,
1:25:34
Speaker 1: core world. There's always a seething anger underneath the calmness.
1:25:42
Speaker 1: At least from the shows I've seen where serial killers
1:25:47
Speaker 1: are being interviewed, you can tell there's there's a They're
1:25:54
Speaker 1: just not expressing the anger in violent terms. They the
1:25:59
Speaker 1: anger expresses it self in violence, but in the violence
1:26:03
Speaker 1: that commit against the hatred and I anger express yourself
1:26:05
Speaker 1: in the violence that commit against people. But they're not
1:26:08
Speaker 1: yelling and shouting I am angry, I'm pissed off. It's
1:26:11
Speaker 1: much more quiet, and it's much more subdued, and it's
1:26:13
Speaker 1: much more integrated into the being. It's a part of
1:26:18
Speaker 1: who they are in a very deep sense. Thank you,
1:26:24
Speaker 1: Michael Andrew a tuopat question it could has allowed thousands
1:26:29
Speaker 1: of suits to proceed versus social media companies alleging purposeful
1:26:33
Speaker 1: harm to use as mental physical health. I say this
1:26:37
Speaker 1: as one who has had issues from social media addiction.
1:26:43
Speaker 1: It seems very wrong to shift blame from users to
1:26:48
Speaker 1: the companies. Is there an objective line between making a
1:26:52
Speaker 1: product appealing for repeated use and harming people. What's your
1:26:58
Speaker 1: take is holding tobacco company liable different? So let's start
1:27:04
Speaker 1: with social media. It's easier. No, there's no such line.
1:27:08
Speaker 1: Right as long as uh, as long as people have
1:27:14
Speaker 1: the option and the ability and the agency to stop using,
1:27:22
Speaker 1: then the company should have no liability. And by the way,
1:27:26
Speaker 1: I don't think tobacco companies have any liability unless they
1:27:30
Speaker 1: lied explicitly about the health hazards. Lie not just didn't inform,
1:27:35
Speaker 1: but lied. They have no liability because people can stop smoking. Yeah,
1:27:42
Speaker 1: it's addictive, but it's addictive in the sense chocolate is addictive.
1:27:45
Speaker 1: It's addictive in the sense that it's it's pleasant, it's
1:27:48
Speaker 1: a nice thing to do it, it's it's and it
1:27:51
Speaker 1: has some biological encouragement to continue doing it. But I
1:27:55
Speaker 1: know lots of people, I mean lots of people go
1:27:58
Speaker 1: wait cold turkey. So no, there's zero. Like, the only
1:28:04
Speaker 1: time you are liable is when you inflict force on
1:28:07
Speaker 1: somebody else. Now, theoretically, if you could brainworsh somebody literally
1:28:14
Speaker 1: take agency away from the person, you would be liable.
1:28:19
Speaker 1: But nobody's claiming that you can't take agency away from people.
1:28:25
Speaker 1: And for children the agency to the extent the children
1:28:29
Speaker 1: of weak agency. The agency belongs to parents. The parents
1:28:32
Speaker 1: can ban social media, the parents can limit the time
1:28:35
Speaker 1: that a child can be on social media. So no
1:28:41
Speaker 1: zero responsibility, and there is no line. You can't make
1:28:45
Speaker 1: a line. Every product that is appealing is necessarily addictive
1:28:51
Speaker 1: in some way. It feels good and harm needs to
1:28:58
Speaker 1: be physical harm. You can't sue because I wasted time
1:29:06
Speaker 1: or because I got addicted. Well, don't be addicted. Stop
1:29:09
Speaker 1: being addicted. It's completely under your control. And some people
1:29:16
Speaker 1: find it easier, some people find it harder. That it
1:29:19
Speaker 1: doesn't reduce your responsibility for your own life. It's your responsibility.
1:29:24
Speaker 1: And the fact that juries have awarded huge amounts of
1:29:27
Speaker 1: sums of money to so called victims here and that
1:29:31
Speaker 1: this is going to be a massive industry, it's going
1:29:33
Speaker 1: to be bigger than tobacco in terms of the amounts
1:29:36
Speaker 1: of money that they involved is just ludicrous. And the
1:29:39
Speaker 1: disaster and it's basically going to bleed our most productive
1:29:43
Speaker 1: companies of capital so that they had less to invest.
1:29:59
Speaker 1: Fencis oh friend, chios, I don't know how to pronounce that.
1:30:03
Speaker 1: What do you think of William Faulkner, would you say
1:30:05
Speaker 1: he is an irrational writer? And if so, is there
1:30:08
Speaker 1: any irrational writer that you find interesting? No, I don't
1:30:13
Speaker 1: think I would call him irrational per se. Look, I'm
1:30:17
Speaker 1: not that familiar with Falconer. I'm trying to remember what
1:30:19
Speaker 1: I answers about Faulkner. But I haven't read Falkner in many,
1:30:27
Speaker 1: many decades. I mean, Funer said she thought he was
1:30:29
Speaker 1: a great stylist, right, but that he's uninterested. He's uninterested.
1:30:42
Speaker 1: So she separated kind of his technical ability, his prose ability,
1:30:49
Speaker 1: from their underlying sense of life, and she thought he
1:30:52
Speaker 1: had a palpable sense of life. Shulsa dismissed him as
1:30:57
Speaker 1: I mean, didn't dismiss him, but you recognized that he
1:30:59
Speaker 1: was a naturalist, Uh, you know, so somebody who depicted
1:31:05
Speaker 1: life as it was. She considered romanticism a superior, uh
1:31:13
Speaker 1: superior in literature, and Falconer is not a romantic. So
1:31:18
Speaker 1: she generally didn't like naturalists writers, although she read them
1:31:22
Speaker 1: and recognized their stylistic qualities and and things like characterization
1:31:26
Speaker 1: and other things, but she thought that the kind of
1:31:30
Speaker 1: role they projected was was was was was, you know,
1:31:37
Speaker 1: not a world in inspires, not a world in Inspires, Tessa,
1:31:46
Speaker 1: I finally took a ride and a Tesla robot taxi. Amazing.
1:31:50
Speaker 1: Weren't you scared it would running right light? No? They
1:31:55
Speaker 1: run over ducks, so people went over ducks too. Yes,
1:32:00
Speaker 1: the Tesla Vertex is great. Was there a driver with you? So?
1:32:04
Speaker 1: Was there a driver in the seat? Because the way
1:32:07
Speaker 1: mos don't have drivers, They're completely autonomous, so it's unbelievable.
1:32:13
Speaker 1: I've driven many many Waymos now and it still amazes me,
1:32:17
Speaker 1: and I'm still inspired by it. I still think it's fantastic.
1:32:22
Speaker 1: All right, guys, we're still seventy two dollars short. If
1:32:25
Speaker 1: anybody is interested in getting us to the target, that
1:32:28
Speaker 1: would be fantastic, Remo, do you have a favorite interior
1:32:32
Speaker 1: design style and also some you strongly dislike? Yeah, I
1:32:36
Speaker 1: mean I like modern interior design. I like Scandinavian and
1:32:39
Speaker 1: Italian interior design, sleek, furniture, functional, not a lot of ornaments.
1:32:50
Speaker 1: What else in so too design? I like open spaces. Again,
1:32:55
Speaker 1: I like very functional, clean book cases and shelves. And yeah,
1:33:02
Speaker 1: I mean, if you've ever seen pictures of my home,
1:33:06
Speaker 1: it looks more Scandinavian or Italian in terms of the
1:33:10
Speaker 1: Itali interior design. What don't I like? There are a
1:33:13
Speaker 1: lot of styles I don't like. I don't like antique based.
1:33:17
Speaker 1: I don't like trying to have your house look like
1:33:21
Speaker 1: it was from the nineteenth or eighteenth or seventeenth century.
1:33:25
Speaker 1: I don't get the point. We live in the twenty
1:33:26
Speaker 1: first century, a tech century century with new materials and
1:33:31
Speaker 1: new you know, you don't have to. I don't want
1:33:36
Speaker 1: my furniture to have lots of you know, design and
1:33:42
Speaker 1: a lot of stuff going on that, you know, the
1:33:45
Speaker 1: arts on the walls and the sculptures being placed. That's
1:33:48
Speaker 1: where I want the artistic, the aesthetic element, that the
1:33:52
Speaker 1: artistic element to come out. The furniture needs to be pretty,
1:33:57
Speaker 1: but low key, right key, to leave space for the art.
1:34:03
Speaker 1: I don't like standard American into your design. I find
1:34:08
Speaker 1: it boring and conventional. And everybody has the same the
1:34:13
Speaker 1: same sofa, the same like love seat, the same share
1:34:18
Speaker 1: in front of the television, the same kind of dinner table.
1:34:23
Speaker 1: I just I find it all boring, uninteresting, unindividualized. I
1:34:28
Speaker 1: don't see any personality there. So I don't like anything antique.
1:34:34
Speaker 1: I don't like anything you know, conventional and bland and boring.
1:34:43
Speaker 1: That's that, I mean, I don't know what how you
1:34:47
Speaker 1: would call it, Like, yeah, mid century modern. There was
1:34:50
Speaker 1: some good things about mid century modern, Deco and Nouveau,
1:34:56
Speaker 1: you know, were interesting. But again, you know, the furniture,
1:35:02
Speaker 1: and I like space, and I like simple, I like
1:35:06
Speaker 1: you know, I like a Kia furniture better than I
1:35:09
Speaker 1: like conventional American you know, furniture I like, and I like,
1:35:15
Speaker 1: I like expensive. Italian furniture is amazingly beautiful. All right,
1:35:26
Speaker 1: let's see, remo, what are your favorite cities in the world,
1:35:33
Speaker 1: purely restaurant wise. Barcelona the city I mean right now.
1:35:38
Speaker 1: We had a great lunch today at a not a
1:35:40
Speaker 1: very expensive restaurant. Barcelona Sansastillan. Also in Spain and the area,
1:35:47
Speaker 1: so it's not just it's the area around Basque, the
1:35:50
Speaker 1: Basque region in Spain, including Bilboa and the whole area
1:35:55
Speaker 1: around it. See yes, let's see Spain. So Barcelona Sanso Bastian.
1:36:06
Speaker 1: And then London. London's an amazing food city. Not so
1:36:11
Speaker 1: much of British food, although the British food now is
1:36:14
Speaker 1: quite good, but for all the other varieties and things
1:36:18
Speaker 1: that are there, including as you know, I really like
1:36:21
Speaker 1: the African restaurants there, and there's a great Mexican restaurant there,
1:36:25
Speaker 1: and miss let's start Mexican restaurant. There's just a lot
1:36:28
Speaker 1: of good restaurants in London, all kinds and all flavors,
1:36:32
Speaker 1: and just amazing Thai restaurants and India of course, Indian restaurants,
1:36:36
Speaker 1: and just the variety is astounding. Yeah, Barcelona, Sanzo Bastian, London.
1:36:45
Speaker 1: I mean, New York is good, San Francisco is good,
1:36:50
Speaker 1: La is good. Most American big cities are good. Chicago
1:36:54
Speaker 1: is good, Miami. So so yeah, those are the biggies
1:37:03
Speaker 1: I don't like. I mean, I don't I don't like
1:37:08
Speaker 1: any of the the I mean fruit and itly is good,
1:37:14
Speaker 1: but it's it's it's monotone. And I mean the good
1:37:18
Speaker 1: restaurants in Rome, but there's't but the few, they're not
1:37:21
Speaker 1: that many, and there's not that much variety. So for variety,
1:37:25
Speaker 1: those are the places. Oh, Paris, how could I miss Paris?
1:37:28
Speaker 1: Paris is amazing, of course, but Paris would be after London.
1:37:32
Speaker 1: That's how much I think of London. Oh, you know,
1:37:38
Speaker 1: and if you really want to, really want to go
1:37:39
Speaker 1: out there, Bangkok, like Bangkok is two other places, sorry,
1:37:44
Speaker 1: the two other cities around the world. Yes, Bangkok, which
1:37:49
Speaker 1: has you know, had amazing restaurants and today has even
1:37:53
Speaker 1: better that I haven't been there in a long time.
1:37:54
Speaker 1: I'd love to go to Bangkok just to go to restaurants.
1:37:58
Speaker 1: And Lima, Lima Peru, Lima Puru is amazing, amazing, amazing, amazing.
1:38:05
Speaker 1: So the best restaurants in the world are in Lima
1:38:07
Speaker 1: Peru probably, you know, they probably have five, six seven restaurants,
1:38:11
Speaker 1: among the best in the entire world. And when you
1:38:18
Speaker 1: said Woke peaked, did you mean Woke one. Well, I
1:38:21
Speaker 1: don't know what Woke one is or Woke two is
1:38:23
Speaker 1: or what it is, but I think Woke peaked in
1:38:27
Speaker 1: twenty twenty two, twenty twenty three. Soul is really good, yes,
1:38:31
Speaker 1: but again it's not as varied, right, You just don't
1:38:34
Speaker 1: have the variety you have in a London. You don't
1:38:37
Speaker 1: have the variety you have in in you know. Yeah,
1:38:42
Speaker 1: I have to tell you, Lima is hard to beat.
1:38:44
Speaker 1: Just in terms of the ship number of world class restaurants.
1:38:49
Speaker 1: London has the most variety. I'd say Barcelona has just
1:38:55
Speaker 1: a straight out just it has the best restaurant this hotel,
1:38:59
Speaker 1: but then it has just a whole range or just
1:39:02
Speaker 1: good restaurants from cheap to expense of the whole range. Yeah,
1:39:07
Speaker 1: I only I only know of one Wolue period and
1:39:10
Speaker 1: it peaks, and what happens next will be different. I guess, Kim.
1:39:16
Speaker 1: Should the president have the thirty issue executive orders? If so,
1:39:19
Speaker 1: in what context? I mean only in the context of
1:39:23
Speaker 1: the functioning of the executive only as applies narrowly to
1:39:29
Speaker 1: the functioning of the executive So I don't know enough
1:39:33
Speaker 1: about executive orders in their history to tell you, you know,
1:39:37
Speaker 1: but probably anything before if d Are was probably the
1:39:41
Speaker 1: right level loan dis center guys, he used his will
1:39:49
Speaker 1: to mass promote dangerous medical quackery and election conspiracies. But
1:39:54
Speaker 1: you can't say he didn't invent the heck of a pillow.
1:39:59
Speaker 1: You're absolutely right, lone descent. I mean, the guys a nutcase.
1:40:03
Speaker 1: How anybody can take it seriously? I don't know. Jamie
1:40:06
Speaker 1: Google is saying Gaza civilian deaths is eighty three percent,
1:40:10
Speaker 1: and that seems higher than what I believed. That is,
1:40:13
Speaker 1: what is the true number? Is there an accurate source?
1:40:16
Speaker 1: Someness the Internet is plagued with anti Israel bias. What
1:40:21
Speaker 1: how can that be? Right? The population of Gaza right now,
1:40:25
Speaker 1: this is let me be very very clear with you guys.
1:40:29
Speaker 1: The population of Gaza today is higher than it was
1:40:34
Speaker 1: on October seventh, twenty twenty three. So during this so
1:40:40
Speaker 1: called genocide, more babies have been born in Gauz than
1:40:44
Speaker 1: people have died from natural or from Israeli killing. So
1:40:48
Speaker 1: literally eighty three percent is insane. About somewhere around seventy
1:40:55
Speaker 1: to eighty thousand people probably died in Gaza, you know,
1:41:02
Speaker 1: during the war, but that includes Hamas fighters. So how
1:41:10
Speaker 1: many real civilians died in Gaza unrelated nobody knows? Twenty thousand,
1:41:18
Speaker 1: thirty thousand, So no, I mean the number is miniscule
1:41:26
Speaker 1: in comparison to the population and in comparison to the
1:41:29
Speaker 1: population density, in comparison to how many bombs were actually dropped,
1:41:34
Speaker 1: in comparison to any other war in human history in
1:41:37
Speaker 1: an urban setting. The best information of this is if
1:41:46
Speaker 1: you let me just find it. If you look for
1:41:49
Speaker 1: Andrew Fox, Andrew Fox, you can find mister m R.
1:41:59
Speaker 1: Andrew Fox dot substack dot com. M A. Andrew Fox
1:42:08
Speaker 1: dot substack dot com. He has, you know, the best data.
1:42:16
Speaker 1: He links to the best sources on the so called
1:42:20
Speaker 1: genocide in uh in Gaza, and and and he has
1:42:25
Speaker 1: the actual numbers. So I'm trying to see there was
1:42:32
Speaker 1: a publication that came out that actually gave the numbers.
1:42:39
Speaker 1: But yeah, I mean, it's it's it's again, seventy thousand,
1:42:43
Speaker 1: including everything everybody, including the fighters, maybe even including natural deaths,
1:42:49
Speaker 1: so deaths of heart attacks and stuff. So the number
1:42:52
Speaker 1: of actual civilians very very very low. But check out
1:42:58
Speaker 1: Andrew Fox. I'm sure you'll find up there his Yeah,
1:43:11
Speaker 1: I mean, and even when they tell you x number
1:43:15
Speaker 1: of children were killed, well a lot of those children's
1:43:18
Speaker 1: were Hamas and Pelasinia Islamic gi Hud members. Palastinia Slamming
1:43:24
Speaker 1: gi Hud has claimed at least twenty children combatants among
1:43:28
Speaker 1: its slain members in Gaza, ranging from fifteen to seventeen
1:43:31
Speaker 1: year olds. So you know, so at least a portion
1:43:37
Speaker 1: of the children that died were actually terrorists. So again
1:43:46
Speaker 1: you can search Andrew Fox and you'll find all the data. God,
1:44:00
Speaker 1: and it's now both the left and the right, for example,
1:44:04
Speaker 1: in England, are talking about the genocide. So restore, restore, Britain,
1:44:09
Speaker 1: which is the right wing political party is now is
1:44:17
Speaker 1: now also claiming there was a genocide in Gaza. So
1:44:20
Speaker 1: it's just it's just unbelievable, all right, Lincoln says, just
1:44:26
Speaker 1: got announce that Jared Kushner brothers buying the La Lakers
1:44:29
Speaker 1: alongside Disney CEO Mike IgA. Appears to have no involvement
1:44:34
Speaker 1: from Trump, but will be interesting to see if any
1:44:36
Speaker 1: big Trump donors us to get in on the deal. Yeah,
1:44:39
Speaker 1: heart to tell. I mean, the Kushner family has definitely
1:44:42
Speaker 1: massively benefited from the Trump presidency. Real spark. If Trump
1:44:48
Speaker 1: scrapped tariffs, can affordability improve? Yes, Also, how to respond
1:44:53
Speaker 1: to one who says you hate socialism, then you don't
1:44:57
Speaker 1: use Rhodes Fire Department, et cetera. So first, yes, I mean,
1:45:00
Speaker 1: prices will go down immediately, They'll go down by the
1:45:03
Speaker 1: amount of the tariffs. Now, it won't solve the problem
1:45:07
Speaker 1: because you've still got oil prices and you've still got
1:45:10
Speaker 1: real inflation coming from the printing of money. But it
1:45:14
Speaker 1: certainly would help with the footability. It would improve What
1:45:19
Speaker 1: do I say, I say, what do you mean those
1:45:23
Speaker 1: roads were built with my money? Those roads were built
1:45:25
Speaker 1: with my taxes. Those roads were built because capitalists produce
1:45:31
Speaker 1: and I pay taxes, and I you know, the fact
1:45:34
Speaker 1: that the government monopolizes these roads and monopolizes the fire department.
1:45:39
Speaker 1: Even if I don't pay taxes, The fact that the
1:45:42
Speaker 1: government monopolizes them doesn't mean I'm not going to use them.
1:45:45
Speaker 1: That's ridiculous. Why should I suffer? Why should I be
1:45:48
Speaker 1: the victim of the government monopoly over these things? Lincoln
1:45:58
Speaker 1: and Plus, it's not it's not so socialism. The only
1:46:01
Speaker 1: reason the government in the United States has money to
1:46:03
Speaker 1: build those things is because it leaves the markets alone,
1:46:11
Speaker 1: so not socialists, so that they can pay enough taxes
1:46:15
Speaker 1: to keep up the roads. So it's not like you
1:46:19
Speaker 1: can take the government and say this is socialist, this
1:46:21
Speaker 1: is capitalist, this is socialists capitalists. We live in a
1:46:23
Speaker 1: mixed economy, and the mixture allows for the stuff the
1:46:27
Speaker 1: government does to be funded by the stuff that private
1:46:29
Speaker 1: sector does. Right, I think it says the Trump business
1:46:33
Speaker 1: corruptions are significantly worse than when retired politicians get millions
1:46:37
Speaker 1: from lobbying groups. At least, then he goes on the
1:46:41
Speaker 1: politicians out of power and have limited influence. Trump is
1:46:44
Speaker 1: just being doing bribery with extra steps, with truth, social
1:46:48
Speaker 1: crypto imparts. Yes, the most corrupt regime, most corrupt administration
1:46:53
Speaker 1: in American history by far, it's not even close. Uh
1:46:56
Speaker 1: and yeah, both in magnitude and by every measure, it's
1:47:01
Speaker 1: just unbelievable. Michael. Regardless of Trump's incompetence, will Juan never
1:47:06
Speaker 1: be able to produce nuclear weapons given what primitive mystics
1:47:09
Speaker 1: they are? No, I mean that's not guaranteed at all.
1:47:13
Speaker 1: I mean stuff like the North Korean's a bastion of
1:47:16
Speaker 1: reason and science. They will be able to build nuclear
1:47:19
Speaker 1: weapons unless Israel stops them. Because it looks like the
1:47:22
Speaker 1: United States has given up on that task. So let's
1:47:26
Speaker 1: hope Israel has not, and Israel continues to be dedicated
1:47:30
Speaker 1: to stopping the Iranians. It's just a damn shame that
1:47:33
Speaker 1: we missed the opportunity to replace the regime, Michael. Is
1:47:39
Speaker 1: objectivism that hard or do we not have enough intellectuals
1:47:42
Speaker 1: to explain it to the right people? Both? Both. It's hard.
1:47:47
Speaker 1: It's hard to particularly if you've been raised with altruism
1:47:51
Speaker 1: and mysticism, and it's very hard to change people's minds.
1:47:56
Speaker 1: And we don't have enough intellectuals to try. So it's
1:47:59
Speaker 1: both Roland says, Swiss viewers continue to love your timing. Yes,
1:48:04
Speaker 1: this is much more convenient for Europeans. Please don't waste
1:48:09
Speaker 1: out your time with clivicula. We'll see, I'll decide. Thank
1:48:16
Speaker 1: you for the input, though real Spock couldn't AOC organize
1:48:20
Speaker 1: a lot of stop to johnside, Yeah if she wanted to,
1:48:23
Speaker 1: but obviously she doesn't. Lincoln is the data center opposition
1:48:29
Speaker 1: like the opposition to the build out of fiber optics
1:48:31
Speaker 1: in the late nineties, because it seems much more organized now. Yeah,
1:48:35
Speaker 1: it's much more. It's from left and right and it
1:48:39
Speaker 1: it Yeah, it's it's directly, it's directly. Fiber didn't affect
1:48:51
Speaker 1: as many people. There was nothing close to this kind
1:48:54
Speaker 1: of opposition to fiber. Fiber is tiny in comparison. This
1:48:58
Speaker 1: is much bigger. Lincoln saw an interesting graph on how
1:49:03
Speaker 1: each when each American generation was asked when the best
1:49:06
Speaker 1: music movies or television was, it was always when they
1:49:10
Speaker 1: were between the ages of twelve and twenty two. Regardless
1:49:13
Speaker 1: of the music movie genre. Boomers universally picked the sixties
1:49:17
Speaker 1: and seventies gen next all the eighties, etc. Yeah, I mean,
1:49:20
Speaker 1: I've said this many times. This released the popular music
1:49:23
Speaker 1: more than movies, I think. But popular music we all
1:49:27
Speaker 1: love and can relate to more significantly the music of
1:49:33
Speaker 1: our teenage years. That is the music that means the
1:49:37
Speaker 1: most of us. That is the music that resonates with us.
1:49:39
Speaker 1: And it's because music directly connects to our emotions, which
1:49:44
Speaker 1: are directly connected to memories, to particular memories, and that
1:49:53
Speaker 1: was that twelve to twenty two is a period in
1:49:57
Speaker 1: which a lot of the decisions, a lot of that
1:50:00
Speaker 1: the most important things, really really important things in our
1:50:03
Speaker 1: lives happen and they're connected to that music. They're connected
1:50:06
Speaker 1: to the music. It's a period of awakening, it's a
1:50:09
Speaker 1: period of growing up. It's a perit of maturing and
1:50:11
Speaker 1: becoming an adult. And that is a period where we're
1:50:15
Speaker 1: going through a lot of emotions, a lot of hormones
1:50:18
Speaker 1: jumping around, a lot of decisions are being made and
1:50:23
Speaker 1: connect a lot of those experiences to the music that
1:50:30
Speaker 1: we heard during that period. Wesley, do you think skepticism
1:50:35
Speaker 1: of AI is actually good? In my opinion, people were
1:50:38
Speaker 1: far too sanguine about smartphone social media, especially with regard
1:50:42
Speaker 1: to kids. No, I don't think it's good, and I
1:50:45
Speaker 1: don't think people too sanguine. I think people's the idea
1:50:50
Speaker 1: that smartphones and social media have been so bad I
1:50:54
Speaker 1: think is way overstated. You know, people said exactly people
1:51:00
Speaker 1: saying what about television and about radio by the same standard. No,
1:51:05
Speaker 1: I think skepticism is wrong, and it's particularly bad with AI,
1:51:10
Speaker 1: and it's particularly potentially destructive with regard to EI. So no, well,
1:51:15
Speaker 1: we need to be aware of downsides. For example, with kids,
1:51:21
Speaker 1: there's no reason to expose kids to social media and
1:51:24
Speaker 1: smartphone at very young ages. And you know, I think
1:51:29
Speaker 1: over time they need to grow into those things and
1:51:32
Speaker 1: they need to develop the ability to resist instant gratification
1:51:38
Speaker 1: that all need. They need to be trained in that.
1:51:40
Speaker 1: But that is true whether you have smartphones or not.
1:51:42
Speaker 1: It's true whether you have social media or not. They
1:51:44
Speaker 1: need that kind of training. So no, I think I
1:51:51
Speaker 1: think AI in particular has such big upside that the
1:51:55
Speaker 1: skepticism is going to really harm us. All right, guys,
1:52:04
Speaker 1: thank you, thanks to all the super chatters. Really appreciate it.
1:52:07
Speaker 1: Thanks to all the listeners. I will be back tomorrow,
1:52:10
Speaker 1: probably at the same time, at around two pm East
1:52:15
Speaker 1: Coast time. Two pm East Coast time. See then bye everybody,