Transcript

Sharri | 29 July · Sharri

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Speaker 1: Live on twenty four You're watching Sharry.
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Speaker 2: Good Evening tonight.
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Speaker 3: The Albanezy government cabinet documents that reveal plans for a
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Speaker 3: religious discrimination Commissioner likely to target comments like this So.
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Speaker 4: With radical Islam. It's a political ideology that is totally
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Speaker 4: incompatible with their culture.
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Speaker 3: The documents also expose how bureaucrats warned the Prime Minister
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Speaker 3: not to announce an anti Semitism envoy without one for Islamophobia.
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Speaker 3: I'll bring you that story shortly, but first, the United
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Speaker 3: States Senate is set to grill Anthony Fauci after the
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Speaker 3: explosive release of his private diaries.
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Speaker 2: His musings in his diaries.
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Speaker 3: Have exposed his ego, his addiction to publicity, and his
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Speaker 3: secret leaks against President Trump. In the madness and hysteria
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Speaker 3: of the COVID pandemic, Fauci was held up as a
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Speaker 3: glow global hero, celebrated the world over, including by the
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Speaker 3: ABC and left media.
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Speaker 2: Here in Australia.
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Speaker 5: How should we think about COVID now and the threat
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Speaker 5: it still poses?
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Speaker 6: Well, it certainly still poses a threat.
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Speaker 3: The US has got a much larger proportion of the
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Speaker 3: population vaccinated than Australia.
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Speaker 2: What's been the key to that success.
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Speaker 7: His expertise fighting the coronavirus pandemic has made him a
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Speaker 7: hero to many, just not his boss, the US President.
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Speaker 7: Have things started to change in the US since vaccinations began.
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Speaker 1: Well, I don't think things have changed, though.
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Speaker 3: But Anthony Fauci was no hero. While most media outlets
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Speaker 3: lauded him, we exposed him. Our investigation uncovered that his
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Speaker 3: agency had funded sixty projects at the Wuhan Institute of Rology,
1:53
Speaker 3: that he personally wrote a paper where he said gain
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Speaker 3: of function research was worth the risk of a p
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Speaker 3: He funded coronavirus research in conjunction with Chinese military scientists,
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Speaker 3: and he deliberately decided to silence the lablique theory, according
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Speaker 3: to an admission from his.
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Speaker 2: Boss, Robert Kadlik to us.
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Speaker 3: The truth is Fauci was up to his neck funding
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Speaker 3: this research in Wuhan, and in my view, he shares
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Speaker 3: responsibility for the virus itself, having funded risky and banned
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Speaker 3: gain a function research in unsafe conditions in Wuhan. There's
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Speaker 3: plenty of evidence to suggest that the research he funded
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Speaker 3: led to the creation of the virus and for what
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Speaker 3: became a global pandemic, and then for the global shutdowns,
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Speaker 3: the mask mandates, the vaccination program and the social distancing
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Speaker 3: that followed. He sponsored the research which, in my opinion,
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Speaker 3: was likely behind the creation of the virus. He was
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Speaker 3: acute in Congress of lying about all of this. He
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Speaker 3: shut down the world, and.
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Speaker 2: Yet he became a superstar of the media.
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Speaker 3: But now his diaries have been released. They're explosive and
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Speaker 3: they're embarrassing. Embarrassing because it shows how he loved the fame.
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Speaker 3: He wrote about television producers telling him he was a superstar,
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Speaker 3: about Bono lauding him as a global hero and dedicating
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Speaker 3: a song to him in front of twenty five thousand people,
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Speaker 3: And in one entry he wrote this of himself. Fauci
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Speaker 3: madness continues with multiple articles and every sort of paraphernalia
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Speaker 3: and restaurant and foods named after me. Fauchi also wrote
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Speaker 3: about how celebrities got nervous around him. He wrote, I
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Speaker 3: received the Award of Courage, presented to me virtually by
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Speaker 3: Julia Roberts from her breakfast room in her home in
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Speaker 3: North in California.
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Speaker 2: She was so charming.
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Speaker 3: When my image came up on the screen, she gasped,
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Speaker 3: and so that every time she sees me, her throat
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Speaker 3: gets dry and she gets nervous, and she excused herself
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Speaker 3: to go into the kitchen and get a glass of water.
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Speaker 3: How embarrassing for Julia Roberts. And it seems he wasn't exaggerating.
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Speaker 8: We have maybe the coolest man on the planet right now.
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Speaker 2: Wow, and there's the room.
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Speaker 9: This is intense.
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Speaker 10: Does anybody else?
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Speaker 11: Oh there?
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Speaker 12: Good morning, good morning.
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Speaker 2: Oh this is such a thrill.
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Speaker 13: How are you pretty good?
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Speaker 1: I guess you know.
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Speaker 2: It's a little bit like running on fumes for a
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Speaker 2: couple of months. But I would imagine this is a
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Speaker 2: thrill for me because you truly.
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Speaker 10: Have emerged as a personal hero for me.
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Speaker 3: Personal hero for Julia Roberts. And then there's email correspondence
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Speaker 3: he includes from the actors down the Tucci and also
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Speaker 3: I'm Joan Bayers. It's all very cringe. Nancy Pelosi too
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Speaker 3: was gushing over Fauci. He wrote on January twenty nine,
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Speaker 3: twenty twenty, that there was a briefing led by Nancy Pelosi,
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Speaker 3: who was her usual self, with me, big hug kiss
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Speaker 3: and telling everyone how great I am. Little embarrassing, of course,
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Speaker 3: He noted the whole interaction in his diary. It's unreal
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Speaker 3: how a man potentially responsible for funding the creation of
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Speaker 3: the pandemic that led to millions of deaths around the
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Speaker 3: world became an American hero, a global hero. In his
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Speaker 3: diary entries, he complained that the White House was blocking
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Speaker 3: him from doing more television appearances. He was becoming more
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Speaker 3: loved than the president. This was a guy addicted to
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Speaker 3: fame and attention, and he'd write about how highly attended
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Speaker 3: his pandemic press conferences were.
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Speaker 2: The media became.
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Speaker 3: Obsessed with him, blind to what he was really doing,
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Speaker 3: which we exposed right here, and he wasn't happy about
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Speaker 3: our investigation. He writes about my book what really Happened
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Speaker 3: in Wuhan. In his diaries, this entry from the seventeenth
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Speaker 3: of October twenty twenty one, he wrote, the same old
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Speaker 3: crap is going on with the far right continuing.
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Speaker 2: To attack me.
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Speaker 3: The latest is a book written by an Australian person
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Speaker 3: who says I'm the father of gain of function research,
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Speaker 3: with quotes from the infamous Richard E. Bright, saying that
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Speaker 3: I'm a liar and I have misled everybody about gain
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Speaker 3: of function. What a bunch of nonsense. The fire right
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Speaker 3: continues to try and discredit me. Well, isn't that the
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Speaker 3: easiest way to avoid scrutiny? Pretend it's from the far right?
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Speaker 2: And Richard E.
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Speaker 3: Bright, by the way, is a highly respected virologist. Fauci then,
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Speaker 3: in that entry went on to say that he had
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Speaker 3: a very nice interview with Chris Wallace, who asked him
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Speaker 3: why he was becoming a polarizing figure. I answered that
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Speaker 3: it is not surprising that I'm a polarizing figure since
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Speaker 3: I speak the truth and people who are lying, who
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Speaker 3: are propagating conspiracy theories, and who don't admit the facts
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Speaker 3: even when they're staring them in the face. Certainly people
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Speaker 3: who will be polarized against me since I stand for
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Speaker 3: something that makes them very uncomfortable, and that's something is
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Speaker 3: the truth.
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Speaker 2: He also complained in his.
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Speaker 3: Diary about this front page story I wrote in The Australian,
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Speaker 3: which we also covered here on News twenty four, which
7:42
Speaker 3: was of course then Sky News new details from a
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Speaker 3: document produced by Chinese military scientists where they discuss weaponizing
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Speaker 3: SARS coronaviruses five years before the pandemic hit. Well about
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Speaker 3: this report, wrote in his diary, this just does not
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Speaker 3: make any sense, since why would someone want to make
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Speaker 3: an agent that could equally infect your own population. Something
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Speaker 3: is wrong with this report. I will have to follow
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Speaker 3: up on it. Something is wrong with the report because
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Speaker 3: we weren't fawning all over him well at the time
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Speaker 3: May twenty twenty one, he was still being lauded by
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Speaker 3: the media. I gave evidence to Congress in November that
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Speaker 3: year saying that Faucin needs to be subpoena And now
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Speaker 3: he's been exposed, and tomorrow Senator round Paul is going
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Speaker 3: to grill him.
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Speaker 14: He already was acknowledging that the virus didn't originate.
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Speaker 1: In the marketplace for years.
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Speaker 2: He's been telling it.
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Speaker 14: If you interviewed him last week, he's probably still telling
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Speaker 14: you the reason we think it came from nature is
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Speaker 14: because they had these exotic animals, and that's where Saurus
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Speaker 14: came from. Previously he knew it, he told Dear Diary,
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Speaker 14: but to the public. He commissioned this paper called Proximal Origins,
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Speaker 14: and in it they go on and on saying it's
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Speaker 14: implausible that it came from the lab, and we're really
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Speaker 14: convinced it came from these wild animals in the marketplace.
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Speaker 14: But that level of dishonesty is really astounding.
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Speaker 3: And there are more than a thousand of his dear
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Speaker 3: diary entries from late twenty nineteen until December twenty twenty two,
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Speaker 3: when he eventually stepped down from his role. Fauci was
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Speaker 3: famously given a pardon by President Joe Biden in one
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Speaker 3: of his final acts, but if Fauchi purchased himself tomorrow,
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Speaker 3: the pardon won't protect him his grilling. His interrogation by
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Speaker 3: Senator Round Paul is expected to be sensational viewing and
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Speaker 3: will bring you the highlights right here tomorrow night. And
9:46
Speaker 3: I'll come back to that a bit later with Dave
9:47
Speaker 3: Sharma and Michael Danby, but sticking with the US, A
9:51
Speaker 3: defiant Benjamin Nettinyahu, the Israeli Prime Minister, has declared that
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Speaker 3: he will go to New York despite threats by the
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Speaker 3: mayor Ziai Mamdani to arrest him.
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Speaker 2: Here's what he told.
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Speaker 3: Sean Hannity and what Ma'm Dannie said back.
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Speaker 8: But I'm definitely going there. I'm going to speak the
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Speaker 8: truth in front of this. You know, there's just hate
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Speaker 8: spewing elected official who's getting one group of New Yorkers
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Speaker 8: against the others. He's turning them against New York Jews.
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Speaker 8: I mean, what are we in the nineteen thirties, what
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Speaker 8: is this? You know, so much hate, so many lies,
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Speaker 8: and you know the big lie is about the ICC,
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Speaker 8: the International Criminal Call so called, that's a corrupt, evil organization.
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Speaker 3: And let's bring in News twenty four Washington correspondent Jonathan Cursley. Now, Jonathan,
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Speaker 3: great to see you again. Look as you heard there
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Speaker 3: Nedna who called the ICC a corrupt and evil organization
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Speaker 3: while putting the socialist Ma'm danni in his place.
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Speaker 15: Yeah, sorry, man, Danny was never really going to arrest
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Speaker 15: Benjamin Netanyahu. I mean, this was something that was simply
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Speaker 15: never going to be achievable under New York law against
11:07
Speaker 15: federal law. It was also a show from Thenandani during
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Speaker 15: the campaign. But he set his peace and he had
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Speaker 15: to look into it, so he did. But Benjamin Netanyahu
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Speaker 15: is now adamant. Obviously he's going to go to the
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Speaker 15: United Nations. The United States not a signature of the
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Speaker 15: International Criminal Court and has been highly critical of it
11:27
Speaker 15: when it comes to its prosecution and persecution of some.
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Speaker 15: President Trump particularly focused on Benumin Netanyahu in some instances
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Speaker 15: around this as well.
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Speaker 1: But you heard from the Israeli Prime minister.
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Speaker 15: They're an abundantly clear message that he is coming to
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Speaker 15: New York for the United Nations. But also a very
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Speaker 15: interesting comparison with Zora Mandani reflecting back on the nineteen
11:51
Speaker 15: thirties and obviously Nazi Germany, So a big comparison being
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Speaker 15: made there by the Israeli Prime minister. But again, this
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Speaker 15: was an issue that was going to come to a
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Speaker 15: head to a certain extent, but ma'm darni was never
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Speaker 15: going to have the power to order the NYPD to
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Speaker 15: arrest Benyaminetnyahu in the first place.
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Speaker 2: Yeah, exactly right now.
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Speaker 3: This trip by Nadi Yahu to the United States, of course,
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Speaker 3: has coincided with the escalation once again of the Iran
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Speaker 3: War the US. Interestingly, the US and Saudi Arabia has
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Speaker 3: conducted joint strikes on what are being called Iran aligned terrorists,
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Speaker 3: but they're in eastern Iraq, and Jonathan, it's pretty interesting.
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Speaker 3: Of course, that was in response to the terrorists launching
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Speaker 3: more than two dozen drone attacks. But Jonathan, it's interesting
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Speaker 3: that it doesn't appear that Israel was involved in.
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Speaker 2: These strikes, that it was Saudi and the US.
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Speaker 1: Yeah, I think that's intentional. An intentional for a reason.
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Speaker 15: Obviously, it's in retaliation to the strikes that came out
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Speaker 15: of Iraq, what thirty six hours or so ago, now
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Speaker 15: for eight hours ago, into Saudi Arabia itself. And it
13:03
Speaker 15: makes much more sense from a geopolitical perspective for Saudi
13:07
Speaker 15: Arabia in the United States to be involved in the
13:10
Speaker 15: retaliation because it was strikes on Saudi oil facilities, and
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Speaker 15: obviously the United States has some vested interests in that too.
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Speaker 15: There is clearly a push for the Abraham accurts throughout
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Speaker 15: the Gulf nations, but Israel keeping out of that one
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Speaker 15: at this stage is probably a wise choice. They would
13:31
Speaker 15: have no real interest in venturing in to try and
13:33
Speaker 15: be involved in that particular situation. Clearly, Benyaminetno and President
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Speaker 15: Trump spoke yesterday for about ninety minutes. I was outside
13:41
Speaker 15: the Oval Office the West Wing as Bennyminetta, who was
13:44
Speaker 15: in there, and they were discussing clearly the Iran war
13:47
Speaker 15: in a meeting that Benniminettina, who said was one of
13:49
Speaker 15: his best meetings yet. But yeah, not surprising Israel stayed
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Speaker 15: out of the US Saudi action on Iraq and Iranian
13:56
Speaker 15: backed militia yesterday.
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Speaker 2: Yeah, all right, Anathan.
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Speaker 3: I mean you just mentioned there that Bibby and Trump
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Speaker 3: had that Oval Office meeting attended by the Secretary of
14:05
Speaker 3: State Marco Rubio and others, and you're right when you
14:08
Speaker 3: point out, you know, Bibby said it was their best
14:10
Speaker 3: meeting yet, of course, to fend off criticism from commentators
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Speaker 3: who like to create, you know, the narrative that there's
14:17
Speaker 3: some sort of tension or rift between the pair. What
14:21
Speaker 3: else do we know about where the war is heading
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Speaker 3: and if anything, what the pair agreed upon.
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Speaker 15: Well, what we know about what the two leaders agreed
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Speaker 15: upon in there is that they both have a common goal,
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Speaker 15: and that is that Iran cannot have a nuclear weapon.
14:39
Speaker 15: And we heard Benyminettinna who again reiterating that in his
14:42
Speaker 15: interview with Fox's Short Hannity that had a matter of
14:46
Speaker 15: hours ago. But there has been tension between President Trump
14:51
Speaker 15: and Benjyminettna, who the Israeli Prime Minister was trying to
14:55
Speaker 15: sort of brush that to one side yesterday and publicly
14:58
Speaker 15: say that both human President Trump are on exactly the
15:01
Speaker 15: same page and when it comes to that common goal,
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Speaker 15: absolutely they are, but.
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Speaker 1: It was fascinating.
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Speaker 15: Before this meeting even took place, President Trump went on
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Speaker 15: our affiliates Fox and Friends here in the United States
15:12
Speaker 15: talking about the issues of Pickax Mountain. He was asked
15:15
Speaker 15: specifically about this about intelligence, about what the United States
15:18
Speaker 15: need to go in about Benjamin Nettna who publicly sounding
15:22
Speaker 15: out this as an issue prior to their meeting, and
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Speaker 15: President Trump made it abundantly clear in that interview, well,
15:28
Speaker 15: BB doesn't need to tell me about that, because I
15:31
Speaker 15: know that. And White House officials were saying that that
15:33
Speaker 15: was a very deliberate move by the President to send
15:36
Speaker 15: a message to Prime Minister Netta, who.
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Speaker 1: Before they held talks.
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Speaker 15: But look, there was no sign of any sort of
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Speaker 15: animosity or difficulties in this meeting. I spoke to a
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Speaker 15: senior Israeli source in the room who told News twenty
15:50
Speaker 15: four that it was a very positive meeting by all
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Speaker 15: accountcil and then we heard that from Prime Minister Netta,
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Speaker 15: who himself in a matter of hours or so after
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Speaker 15: that meeting ended.
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Speaker 3: Yeah, all right, Jonathan, so good to see you, and
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Speaker 3: thanks for getting up so early for us. I think
16:04
Speaker 3: it's about got to pas six in Washington. Probably a
16:08
Speaker 3: bit less chilly than in Cydney's always good to talk.
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Speaker 15: To you, Shari, and the viewers always happy to talk
16:12
Speaker 15: to you in the viewers, all.
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Speaker 2: Right, thank you so much well.
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Speaker 3: Confidential documents reveal the Albanezy government is planning a religious
16:21
Speaker 3: discrimination Commissioner. This would likely capture many of the comments
16:26
Speaker 3: that Pauline Hansen makes about radical Islam, comments like she
16:30
Speaker 3: made here on News twenty four with Paul Murray last night.
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Speaker 4: So with radical Islam, it's a political ideology that is
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Speaker 4: totally incompatible with our culture and our way of life.
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Speaker 4: People have to understand this. If you don't understand what
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Speaker 4: radical Islam is, what their beliefs is going look at
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Speaker 4: the Quran. Understand what their beliefs are and totally incompatible.
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Speaker 2: Well.
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Speaker 3: A letter from the then Home Affairs Minister Andrew Giles,
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Speaker 3: obtained under Freedom of Information, talks about the Special Envoys
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Speaker 3: for anti Semitism and Islamophobia, but it then says this.
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Speaker 2: It says there may.
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Speaker 3: Also be some overlap of responsibilities between the Special Envoys
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Speaker 3: and the responsibilities of the Race Discrimination Commissioner and any
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Speaker 3: future religious discrimination Commissioner within the Australian Human Rights Commission,
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Speaker 3: any future Religious Discrimination Commissioner. I mean this comes after
17:27
Speaker 3: Fatima Payman complained about Islamophobia in the wake of the
17:32
Speaker 3: Bondai attack.
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Speaker 5: The Bondai tragedy shocked our entire nation. In the months
17:37
Speaker 5: that followed, many Australians experienced fear in different ways. Jewish
17:43
Speaker 5: Australians saw a disturbing rise in anti Semitism, Muslim Australians
17:48
Speaker 5: continued to face the reality of Islamophobia.
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Speaker 3: Now, these freedom of information documents relate to the creation
17:56
Speaker 3: of the anti Semitism Envoy that the Jewish community had
18:00
Speaker 3: been pushing for after the explosion in hate post October seven,
18:05
Speaker 3: and keep in mind a damning new report from the
18:07
Speaker 3: American Anti Defamation League has revealed Australia recorded a two
18:11
Speaker 3: hundred and forty six percent increase in antisemitism after October seven,
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Speaker 3: the largest of any major Jewish diaspora around the world.
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Speaker 3: But the Albanesi government, these documents show, would only create
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Speaker 3: an Antisemitism Envoy in conjunction within Islamophobia Envoy, with Andrew Giles'
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Speaker 3: writing that the two were and I quote interrelated. A
18:36
Speaker 3: separate briefing note from the Department of the Prime Minister
18:39
Speaker 3: and Cabinet two. Albinizi directly states that if Miss Siegal
18:45
Speaker 3: that's Jillian Siegel is announced as the Special Envoy to
18:48
Speaker 3: Combat Antisemitism as planned on ninth of July twenty twenty four,
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Speaker 3: it will important It would be important to also announce
18:55
Speaker 3: that candidates are being considered for Special Envoy to Combat
18:58
Speaker 3: Islamophobia role. And then even more specifically, the briefing note
19:02
Speaker 3: referred to criticism from the pro Palestinian group, the so
19:06
Speaker 3: called Jewish Council of Australia, which was concerned about Jillian
19:10
Speaker 3: Siegel's past positions on Palestinian human rights. The briefing note
19:15
Speaker 3: by the Department of Prime Minister and Cabinet went on
19:19
Speaker 3: to say PM and C considers it important, as outlined above,
19:24
Speaker 3: to include messaging about the process to a point the
19:27
Speaker 3: Special Envoy to Combat Islamophobia at the time of announcement
19:31
Speaker 3: to address concerns that the position is too narrowly focused.
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Speaker 2: And one of those the.
19:38
Speaker 3: Albanezi government had wanted to appoint as the Islamophobia Envoy
19:43
Speaker 3: was Jamal Riffi, who of course later went on to
19:47
Speaker 3: help bring home the isis brides and let's bring in
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Speaker 3: tonight's panel former radio host and now director of Emerald
19:57
Speaker 3: House Advocacy. First time on the show, Chris, First time
20:00
Speaker 3: News twenty four I think, great to have you and
20:03
Speaker 3: of course our news solo hell so good to see
20:06
Speaker 3: you both. So, Joe, do you think there's a case
20:09
Speaker 3: for a religious discrimination commissioner or all? This scare the
20:12
Speaker 3: living daylights out of a lot of people worried about
20:14
Speaker 3: free speech.
20:15
Speaker 9: Yeah, it scares me enormously. I think it's basically a
20:18
Speaker 9: blasphemy law by any other name, and that is the
20:21
Speaker 9: last thing we want to see. And indeed, we know,
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Speaker 9: given that this is intended to reduce Islamophobia, we know
20:27
Speaker 9: that in many Islamic countries there are extreme blasphemy laws
20:30
Speaker 9: that can have extremely disastrous results for people. I think
20:33
Speaker 9: the difference between this religious discrimination and sex discrimination or
20:38
Speaker 9: other forms is that this is, you know, a religion
20:41
Speaker 9: is a point of view. A religion is a belief.
20:44
Speaker 9: It is a faith, but it is something that you
20:46
Speaker 9: have and that you choose to have. It is not
20:49
Speaker 9: like being a man or being a woman, or being
20:51
Speaker 9: gay or whatever it may be, being old, young, black,
20:54
Speaker 9: or white. It is not something that is completely beyond
20:57
Speaker 9: your control. And so I think it comes. And I
20:58
Speaker 9: say this as someone who's a Catholic, very bad Catholic,
21:01
Speaker 9: but I take religion really, really seriously. But I would
21:04
Speaker 9: hate to see a world in which Christianity or Catholicism
21:08
Speaker 9: could not be subjected to scrutiny or even mocked if necessary.
21:13
Speaker 9: And I would hate to live in a world where
21:15
Speaker 9: other religions are immune from that as well. So I
21:19
Speaker 9: think it's the government should be very careful about this.
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Speaker 3: Yeah, I mean, Chris, we kind of knew that the
21:25
Speaker 3: Islamophobia envoid position had to be created in line with
21:28
Speaker 3: anti Semitism, but to see it set out, I mean,
21:31
Speaker 3: you were a former political journalist. To see it set
21:33
Speaker 3: out so bluntly like that in a briefing note to
21:36
Speaker 3: the Prime Minister, it is kind of surprising given the
21:39
Speaker 3: explosion in anti Semitism.
21:41
Speaker 16: Well, there was no equivalence between antisemitism from October seven
21:46
Speaker 16: and islamophobia in Australia. There was no equivalence to the two.
21:50
Speaker 16: And that's just the facts. That is the could heart facts,
21:53
Speaker 16: and anyone with a brain can see that. It's unfortunate
21:57
Speaker 16: that it's got to where it's got to. If we
21:59
Speaker 16: talk about commissioners, another layer of bureaucracy.
22:02
Speaker 1: What is it actually going to achieve.
22:04
Speaker 16: Is it going to make anybody think twice about being nasty,
22:08
Speaker 16: or anyone think twice about being racist, or any one
22:11
Speaker 16: think twice about belittling someone's religion because they hold a
22:15
Speaker 16: certain religious belief.
22:16
Speaker 1: I very much doubt it.
22:17
Speaker 16: We have an anti discrimination Act, there are laws for
22:20
Speaker 16: this reason.
22:20
Speaker 1: We live in a secular country. There are courts that
22:23
Speaker 1: deal with this.
22:24
Speaker 2: It's just all about politics, then, isn't it.
22:26
Speaker 1: You said it?
22:28
Speaker 2: Yeah, yeah, exactly.
22:29
Speaker 3: Well let's turn to the latest in Victoria today, first
22:32
Speaker 3: day or first full day for the new premier, Ban Carrol,
22:35
Speaker 3: and look, it wasn't quite the clean day he would
22:39
Speaker 3: have hoped. He had a press conference that couldn't be
22:41
Speaker 3: broadcast live because of the service issues of the location.
22:45
Speaker 3: Then later he wasn't even able to say whether or
22:48
Speaker 3: not he'd dump the controversial statue of Dan Andrews.
22:51
Speaker 12: Have a look, I have nothing to say on that
23:00
Speaker 12: that he's not a priority of mine. He's not a
23:03
Speaker 12: priority of mine.
23:05
Speaker 3: Yeah, and I mean, Joe, look, you are happy to
23:09
Speaker 3: see the back of just Into Alice extremely but he
23:12
Speaker 3: hasn't had a good start.
23:13
Speaker 1: No, I think it's good.
23:14
Speaker 9: In fact, I would I would say, maybe I'm just
23:16
Speaker 9: a glass half full kind of guy. But I would
23:17
Speaker 9: see the fact that he didn't rule out tearing down
23:21
Speaker 9: his predecessor's statue. I think that is that is a
23:24
Speaker 9: huge disendorsement of Dan Andrews. I can certainly assure you
23:28
Speaker 9: that there is no love lost between the two.
23:31
Speaker 2: Men, or said I am not Dan Andrews's.
23:35
Speaker 9: That's right, and you know what, maybe I will, you know,
23:37
Speaker 9: when I get my when I get my around to it,
23:40
Speaker 9: maybe I will tear down your statue. I mean, that's
23:41
Speaker 9: an extraordinary punch.
23:43
Speaker 3: I don't think it's been built yet. It was it
23:44
Speaker 3: was commissioned by just down that's right.
23:47
Speaker 9: But again, just even saying like he could could have
23:49
Speaker 9: battered away and say, of course, well this is a
23:51
Speaker 9: serve a thousand years and John Kayne's got one and
23:53
Speaker 9: blah blah blah blah blah, and that would be the
23:55
Speaker 9: pat response. The fact that he didn't even rule it out,
23:57
Speaker 9: I think is extraordinary. I think Ben Carroll is exactly
23:59
Speaker 9: what state needs. And I think more importantly, we are
24:02
Speaker 9: seeing evidence that not just Ben Carroll as the leader,
24:06
Speaker 9: as the premier has got up, but that left wing MPs,
24:11
Speaker 9: MPs from the industrial left as opposed to the socialist
24:13
Speaker 9: left which supports Don Andrews, are flocking away from the
24:16
Speaker 9: Andrews Allen project, the Andrews Allen legacy. They are coming
24:20
Speaker 9: over and they're just trying to win.
24:22
Speaker 2: They're just worried they're losing. That's all it is.
24:24
Speaker 9: Yeah, well, they're saying politics always back self interest because
24:27
Speaker 9: it's the only horse that's really trying.
24:28
Speaker 3: Chris, what do you think I mean, they're trying to
24:31
Speaker 3: distance themselves from the record of both just into Allan
24:34
Speaker 3: and Dan Andrews.
24:34
Speaker 2: But voters aren't stupid.
24:35
Speaker 16: No, this is a government that's run out of ideas.
24:39
Speaker 16: It feels like a government's run out of ideas. It
24:41
Speaker 16: feels like a government that's at the end of the
24:43
Speaker 16: very deep into a third term trying to get a
24:45
Speaker 16: fourth and it almost.
24:46
Speaker 1: Never works out. We saw it here in New South Wales.
24:48
Speaker 1: We're seeing it. We even saw it with John Howard.
24:50
Speaker 16: After four election victories, eventually it's time for to give
24:54
Speaker 16: the other lot a go, and it feels like that's
24:55
Speaker 16: what we're seeing in Victoria.
24:57
Speaker 3: But it's amazing the polls aren't more clear cut, I
24:59
Speaker 3: mean give and how bad this government's been amazing. They're
25:01
Speaker 3: not more clear cut pointing to a victory for Jess Wilson.
25:05
Speaker 16: But that's a credibility issue for the Victorian Liberal Party
25:09
Speaker 16: and you guys have covered it extensively here. That's a
25:11
Speaker 16: credibility issue for the Victorian Liberal Party and the Liberal
25:13
Speaker 16: project really around Australia at the moment. I think that's
25:16
Speaker 16: something that they're certainly combating because if you're going to
25:19
Speaker 16: kick the mob out that are in power, you've got
25:21
Speaker 16: to have someone to go to that you're confident won't
25:24
Speaker 16: blow the show up.
25:25
Speaker 2: Yeah.
25:25
Speaker 9: Also, with one nation in there, it's really hard to
25:27
Speaker 9: get a reliable two party preferred vote because you don't
25:30
Speaker 9: know who the two parties are, so who is the opposition?
25:34
Speaker 3: And Pauline's Hansen said last night and Paul Murray that
25:37
Speaker 3: she's expected to announce at least the Senate candidates for
25:41
Speaker 3: one nation. I think she said either this Friday or
25:43
Speaker 3: on Monday. And Paul tried to get out of her
25:45
Speaker 3: who the Victorian leader would be and she wasn't having
25:47
Speaker 3: any of it. All right, let's turn to the corruption
25:50
Speaker 3: hearings in New South Wales today. Now Angus Taylor has
25:53
Speaker 3: denied that he made any payments to this new conservative
25:57
Speaker 3: faction or sub branch that's at the center of this
26:01
Speaker 3: this probe.
26:01
Speaker 2: Have a look.
26:02
Speaker 13: As I said, I'm not going to give a running
26:05
Speaker 13: commentary on all of this, so I'm not a party
26:07
Speaker 13: to the proceedings.
26:08
Speaker 1: But no payment was made.
26:11
Speaker 3: I mean, Chris, look, I have got to point out
26:13
Speaker 3: that we are at the start of the hearing, so
26:15
Speaker 3: we yet to see the full evidence.
26:16
Speaker 2: But as it stands, this is.
26:18
Speaker 3: What always worries me about IKAK. They bring in the
26:21
Speaker 3: big names, they smear reputations. There may not be any
26:25
Speaker 3: evidence that Angus Taylor has done anything wrong, but now
26:28
Speaker 3: he's smeared by it.
26:29
Speaker 16: I didn't think you brought me in here to efusively
26:31
Speaker 16: agree with you, but I am. I've really struggle with
26:35
Speaker 16: this with IKAK. I have for a long time. Yeah,
26:38
Speaker 16: that's why I like the federal model. You know, if
26:41
Speaker 16: you're going to drag people's names through mard and put
26:44
Speaker 16: people's names up in lights about clearly some pretty unsavory
26:49
Speaker 16: things that occurred in the New South Wales Liberal Party
26:51
Speaker 16: over the last six or seven years, allegedly, we'd want
26:54
Speaker 16: some evidence to back it up. You also want to
26:55
Speaker 16: give him the time of day to be able to
26:58
Speaker 16: knock that back. Is there any evidence he made a donation.
27:01
Speaker 16: I couldn't make heads or tails of it, to be
27:03
Speaker 16: honest with you, I've sort of I've been reading the
27:05
Speaker 16: reporting on it, and I'm not quite getting it, you know,
27:09
Speaker 16: like I'm sort of not quite.
27:11
Speaker 3: Always tricky because these hearings, you know, as you know,
27:13
Speaker 3: go all day, hours and hours and hours.
27:15
Speaker 2: It's hard to sum it up.
27:16
Speaker 3: But I completely agree it should be behind closed doors.
27:19
Speaker 2: When you have a finding, absolutely go for bright slash
27:24
Speaker 2: that everywhere.
27:25
Speaker 3: But otherwise, what it does is it just ruins people's careers, lives,
27:30
Speaker 3: cost them their job. Often children end up. You know,
27:33
Speaker 3: on Suicide Watch, there've been cases of this. Without getting
27:36
Speaker 3: into names, I mean, it can really destroy families. But Joe,
27:39
Speaker 3: how do you think this is going to affect Angus Taylor?
27:42
Speaker 9: Look, I don't think again, like Chris said, may we're
27:44
Speaker 9: all in a fusive agreement, But I mean I think people,
27:47
Speaker 9: I mean, I've read the stories. I struggle to see
27:49
Speaker 9: where the smoking gun is. I think sometimes that's part
27:52
Speaker 9: of Ikak's deliberate strategy. They just sort of cast a
27:54
Speaker 9: really wide net and then just see what it pulls up.
27:57
Speaker 9: And again, this is a body, it cannot actually make
28:01
Speaker 9: any criminal finding, so it just gets to say you're corrupt, mayor,
28:05
Speaker 9: and then it's up to and then that's up to
28:07
Speaker 9: the DPP to decide whether or not it should prosecute,
28:10
Speaker 9: and then of course whether or not there's a conviction
28:13
Speaker 9: is an entirely separate thing. So so I think I
28:16
Speaker 9: actually think this is a Protestant conspiracy to take on
28:19
Speaker 9: you know, the Catholic machinery of this New South Wales, right,
28:23
Speaker 9: the Parity Boys, that's right. But I'm very cross at
28:27
Speaker 9: them for spreading nasty rumors about David.
28:30
Speaker 17: Ellen as well.
28:31
Speaker 3: So that was one of the things that's emerged that
28:34
Speaker 3: you know, they were trying to smear the career.
28:36
Speaker 9: Of that, and I'm more angry about that than NFL.
28:38
Speaker 3: I don't need a secret hearing to tell you everyone
28:40
Speaker 3: was out to get David Elliott, who police missed. I mean,
28:42
Speaker 3: everyone knows that he had so many enemies, not his
28:45
Speaker 3: fault might get him on the show tomorrow.
28:47
Speaker 2: But also, you know.
28:49
Speaker 3: The revelations today that there was this smear shit. I
28:52
Speaker 3: mean Chris, that's standard political every political party does that.
28:57
Speaker 16: It is And David Elliott, look, I thought he was
28:59
Speaker 16: a fantastic poeminister, did a really good job as a
29:01
Speaker 16: minister in New Southwest. For a long time I covered
29:03
Speaker 16: in New Southwest politics.
29:04
Speaker 1: I know David well, he.
29:05
Speaker 16: Was treated extremely poorly to lose his seat in Bukham
29:09
Speaker 16: Hills and go the way he did in Castle Hill.
29:11
Speaker 1: Sorry, and go the way he did.
29:12
Speaker 16: But you know again I'm dragging as Taylor's name into it.
29:15
Speaker 1: I think it's very unfair.
29:17
Speaker 3: Yeah, yeah, all right, just finally, and I know it's
29:20
Speaker 3: been covered a lot tonight so on News twenty four,
29:22
Speaker 3: so we'll just do it quickly. But you know the
29:25
Speaker 3: scandal engulfing the ABC about the despicable clip at ad
29:30
Speaker 3: of Gina rhine Hart that has now where the ABC
29:34
Speaker 3: has now referred itself to its own ombardsmith, an internal
29:38
Speaker 3: ABC ombardsmoth. I'm sure you've seen it by now, but
29:41
Speaker 3: if not, he's a quick clip.
29:44
Speaker 6: Will you know exactly how to shove a stick right
29:48
Speaker 6: off Geena ryan Heart's bottle, stirring it around, nixing her
29:53
Speaker 6: gots up nice and smooth.
29:57
Speaker 3: And Lee Sales actually did call that out, which I
30:00
Speaker 3: thought was pretty good. But you know, Chris, it is
30:03
Speaker 3: shocking that this was played on air in the first place.
30:05
Speaker 2: I'm a public broadcaster.
30:06
Speaker 16: Look, my politics are polar opposite to Jenna rehn Hartz.
30:09
Speaker 16: But that is not cool and it is not on
30:12
Speaker 16: and it's distasteful.
30:14
Speaker 1: Yeah, why you put it.
30:15
Speaker 16: On any broadcaster or any like That's that's that's for
30:19
Speaker 16: the sewers of the internet somewhere.
30:21
Speaker 1: That's not for a public broadcaster.
30:22
Speaker 2: Joe.
30:23
Speaker 3: She wants the ABC to apologize. Reportedly, what do you
30:26
Speaker 3: think about, you know, the counter argument that people shouldn't
30:29
Speaker 3: be so sensitive about satirical skits.
30:31
Speaker 9: Well, just decide, just decide if we are going to
30:34
Speaker 9: sensor everything, if we're going to do what the left wants,
30:37
Speaker 9: the censorious left want, and to ban words and to
30:40
Speaker 9: say things like words are violence and blah blah blah blah,
30:43
Speaker 9: which they do about anyone who disagrees with them, but
30:48
Speaker 9: as soon as it's someone they despise, it's like, oh,
30:51
Speaker 9: lighten up, guys, Come on, I mean, imagine if this
30:53
Speaker 9: was imagine if you.
30:54
Speaker 2: Think the ABC has to decide or Gina Ryan Hunt has.
30:56
Speaker 9: To the ABC is a bit like the Old Sea
30:58
Speaker 9: Captain and the Simpson It's like, I don't know what
31:00
Speaker 9: I'm doing. So I think good on leegh Sales. I
31:04
Speaker 9: think she's always been one of the more sensible heads
31:06
Speaker 9: at the ABC. But I think I think that what's
31:11
Speaker 9: the worst thing for me is the hypocrisy of people
31:13
Speaker 9: who are saying that, you know, this is fine, this
31:16
Speaker 9: is okay, lighting up with the exact same people who
31:19
Speaker 9: if this was said about a Greens, a woman in
31:21
Speaker 9: the Greens, if it was said about the Risk.
31:22
Speaker 1: Awards women, of course, a long long way it would be.
31:25
Speaker 9: I mean we've seen it, similar things being said and
31:27
Speaker 9: they say, oh, now you're threatening violence against women. Well,
31:30
Speaker 9: he's a fantasy about.
31:31
Speaker 3: It, exactly, all right, Joe Chris, thanks, thanks, thank you,
31:36
Speaker 3: and still to come what AI means for the jobs
31:39
Speaker 3: of your kids and grandkids past.
31:41
Speaker 2: Michael Danby and Dave Sharma.
31:43
Speaker 3: Will be here together to discuss the economy and Fauci's
31:47
Speaker 3: private diary entries. That's after the break. Welcome back, and
31:55
Speaker 3: let's turn to the economy now. News today that inflation
31:58
Speaker 3: has eased to three eight percent, down slightly slightly from
32:03
Speaker 3: four percent for May, although it's still rising higher than
32:07
Speaker 3: the target band of two to three percent, but it
32:10
Speaker 3: does take some of the pressure off the RBA to
32:13
Speaker 3: increase the cash rate next month. Westpac chief economist Lucy Ellis,
32:17
Speaker 3: who worked at the RBA for three decades, said we
32:20
Speaker 3: no longer expect rate hikes by the RBA this year.
32:24
Speaker 3: There is still a risk of a hike in November
32:26
Speaker 3: if inflation picks up again in the third quarter, but
32:29
Speaker 3: that is not our base case. And joining me now
32:33
Speaker 3: Liberal Senator Dave Sharma and former Labor MP Michael Danby,
32:36
Speaker 3: great to have you both. The Dave, inflation is still high.
32:40
Speaker 3: That's the reality reality of it. Sure came off zero
32:43
Speaker 3: point two percent, but inflation is still high. The cost
32:46
Speaker 3: of goods is still rising.
32:49
Speaker 13: It is Look, inflation is still you know, three point
32:51
Speaker 13: eight percent. That's well outside the RBA's target band of
32:55
Speaker 13: two to three percent. And in fact, over the past
32:58
Speaker 13: thirty six months, three years, the inflation in Australia has
33:01
Speaker 13: been always above the RBA's target banner. That's an unsustainable
33:05
Speaker 13: position and i'd point out that it's also higher than
33:07
Speaker 13: any other nearly all other advanced economies, you know, in
33:10
Speaker 13: the UK and the Eurozone, it's two point eight. In Canada,
33:13
Speaker 13: it's two point six. In Japan it's one point eight.
33:15
Speaker 13: So Australia is an outlay here and it shows that
33:17
Speaker 13: we are not on top of the inflation problem yet.
33:19
Speaker 13: Because the truth is is the RBA has pointed out
33:22
Speaker 13: government spending. Excessive government spending keeps adding to inflationary pressures
33:27
Speaker 13: in Australia.
33:29
Speaker 3: Yeah, I mean it's excessive government spending that mantaw inflation
33:33
Speaker 3: was higher originally. Also, low productivity is a major issue
33:37
Speaker 3: as well, Michael.
33:38
Speaker 10: We need to get Peter Walsh or Paul Keeping back
33:42
Speaker 10: into this current government because a government competing with the
33:46
Speaker 10: private sector for money is what's causing this inflation. I'm
33:50
Speaker 10: less sanguine than your banking advisor. I expect there to
33:55
Speaker 10: be a couple of raisers, but that's because I expect
33:58
Speaker 10: there to be more power put into it by the
34:03
Speaker 10: energy rises caused by a vincent in the Middle East.
34:06
Speaker 10: So if I was Jim Chalmers, I'd be praying to
34:10
Speaker 10: looking around to see if someone like Peter Walsh was around.
34:13
Speaker 10: It helped me cut expenditure.
34:16
Speaker 2: Yeah.
34:17
Speaker 3: I've actually got Adam Crichton on the show much later,
34:19
Speaker 3: and he's going to have a look at some of
34:21
Speaker 3: those comparisons with other countries.
34:23
Speaker 2: You know, just how much higher our inflation is.
34:25
Speaker 3: As you pointed out, Dave, I want to return to
34:28
Speaker 3: what I spoke about at the start of the show,
34:30
Speaker 3: Anthony Fauci and his diary entries and how they've just
34:34
Speaker 3: revealed his obsession with his own fame, with publicity. Dave,
34:40
Speaker 3: from what you've read, I mean, would you agree he
34:43
Speaker 3: just seems like a complete narcissist, more worried about his
34:47
Speaker 3: own about being loved than the death toll around the world.
34:53
Speaker 13: Look, I have I haven't read all the diary entries themselves,
34:56
Speaker 13: but I've read some of the reporting on them, and yes,
34:59
Speaker 13: he does seem to have an an unhealthy interest in
35:02
Speaker 13: his level of fame, or his level of media coverage,
35:05
Speaker 13: or his level of popularity, which is, you know, perhaps
35:08
Speaker 13: you might expect that from an elected official or a celebrity,
35:11
Speaker 13: but not someone who's effectively the chief scientist in.
35:14
Speaker 1: The middle of a global pandemic.
35:15
Speaker 13: Now, obviously he's appearing before one of the Senate committees
35:18
Speaker 13: in the United States tomorrow, and I'll be following that
35:21
Speaker 13: with interest because obviously the focus of their investigation is
35:26
Speaker 13: was what he was telling the public at the time,
35:28
Speaker 13: and the pandemic broke out what he was Also, what
35:31
Speaker 13: were his views in private? Were they consistent with one another?
35:34
Speaker 3: Yeah, we already know, you know from extensive reporting on
35:38
Speaker 3: this topic that there was a gap there that the
35:40
Speaker 3: private emails of the scientists, including Fauci, you know, they
35:45
Speaker 3: were keeping open the possibility of a loud league. But
35:47
Speaker 3: that's not what they told the public from the very
35:50
Speaker 3: first days.
35:52
Speaker 10: Michael, great heavens for you, I mean, and that book
35:55
Speaker 10: and that investigation, and the fact that he bagged you,
35:58
Speaker 10: which I hadn't heard before your program earlier, is to
36:01
Speaker 10: your eternal credit.
36:02
Speaker 2: Thanks.
36:03
Speaker 10: He remembered that the evil thing you have to remember
36:06
Speaker 10: about mister celebrity is he subverted. He defied President Obama's
36:12
Speaker 10: directive that there'd be no research into gain of function research.
36:17
Speaker 10: And for your viewers who don't know what that technical
36:19
Speaker 10: term means, it means what Obama understood it to mean,
36:23
Speaker 10: germ warfare. He allowed the germ warfare allowed to be
36:27
Speaker 10: established in Juan and for it to spread all over
36:29
Speaker 10: the world because of his indolence and his anxiety to
36:34
Speaker 10: be doing this kind of research. Without the federal US
36:38
Speaker 10: government knowing about it. Eternal shame. He'll be eviscerated tomorrow.
36:43
Speaker 2: Yeah, thank you, Michael, and I expect he will be.
36:46
Speaker 2: I mean, and you're right.
36:47
Speaker 3: You know, the gain of function research on coronaviruses was
36:49
Speaker 3: banned in the US in twenty eighteen, and then the
36:53
Speaker 3: money started flowing to the Wuhan.
36:55
Speaker 2: Institute of Rology. Now I want to turn to One Nation,
37:00
Speaker 2: Malcolm Roberts.
37:01
Speaker 3: This is one issue that's kind of impacting on Pauline Hanson. Now,
37:05
Speaker 3: Malcolm Roberts has written a piece defending himself in the Spectator.
37:09
Speaker 3: This is in response to publication of some of his
37:13
Speaker 3: hateful and offensive comments. He writes that after a week
37:16
Speaker 3: of targeted headlines erroneous and malicious, they may be at
37:20
Speaker 3: least I have brand recognition.
37:24
Speaker 2: I mean, Dave. Look on this show last.
37:26
Speaker 3: Night, James Patterson said that there should be consequences within
37:29
Speaker 3: One Nation for Malcolm roberts comments, and Patterson criticized Pauline
37:34
Speaker 3: Hanson for not taking action. What do you think and
37:38
Speaker 3: if you've read this article, do you think that's good enough?
37:42
Speaker 11: Well?
37:42
Speaker 13: I haven't read his attempt at exoneration, but I certainly
37:45
Speaker 13: agree with James Patterson that his comment he needs to
37:48
Speaker 13: be held accountable and one nation should be held accountable
37:51
Speaker 13: for their comments. I mean, this was someone who would
37:53
Speaker 13: not who did not disagree with the proposition that the
37:57
Speaker 13: Bondi terrorist attack, the worst Australian terrorist attack in our history,
38:01
Speaker 13: was staged or a false flag operation or something of
38:03
Speaker 13: that nature. And I think that's abominable amongst any elected representative.
38:08
Speaker 13: I don't think I've heard anyone, even the Gren's members
38:10
Speaker 13: of Parliament alleged something like that. And I think, you know,
38:13
Speaker 13: his flirtation, if you like, with some of these wilder
38:17
Speaker 13: theories that are out there, I think are deeply responsible
38:19
Speaker 13: for someone who holds elected office. And I don't think
38:22
Speaker 13: it's you know, he can't just brush this off. I
38:24
Speaker 13: haven't read his piece, but so at least I've got
38:25
Speaker 13: brand recognition now. I mean, these are pretty serious things.
38:28
Speaker 13: He's it's not credibility to it's exactly, he's added weight
38:34
Speaker 13: and credibility to it by putting the voice of an
38:36
Speaker 13: elected representative behind him. He should be held accountable for
38:38
Speaker 13: what he's said and dog whistled out.
38:42
Speaker 3: I mean, Michael, it kind of makes you worry about
38:44
Speaker 3: all the other candidates waiting in the wings, and how
38:47
Speaker 3: far are the vetting has been well.
38:50
Speaker 10: In Victoria, we've got a ghost party One Nation chrry.
38:55
Speaker 10: There are no candidates or leaders are there. I believe
38:57
Speaker 10: they're operating out of a car board carton down in
39:01
Speaker 10: mornings On the Mornington Peninsula. It's bizarre. I suppose you
39:05
Speaker 10: mean to vote for all of these people in four
39:07
Speaker 10: months time without knowing who they are. Look, I think
39:10
Speaker 10: One Nation is going to have to keep a very
39:12
Speaker 10: very close side on their candidates in federal parliament. I'm
39:16
Speaker 10: particularly worried where they may compete with Dave Sharma in
39:20
Speaker 10: the Senate. That's where I expect at the next federal
39:23
Speaker 10: election One Nation to have its biggest impact. So that
39:26
Speaker 10: the quality and that selection of the One Nation Senate
39:31
Speaker 10: candidates is important for all Australians and they have to
39:34
Speaker 10: be very bloody careful on the basis of who they've
39:36
Speaker 10: chosen in the past.
39:38
Speaker 3: Yeah, because people will be voting for the party based
39:41
Speaker 3: on Pauline Hanson, not based on the you know, the candidates.
39:45
Speaker 3: It almost doesn't matter who they put up. You know,
39:47
Speaker 3: people are drawn to Pauline herself, so you know, if
39:51
Speaker 3: the voting process isn't thorough.
39:52
Speaker 2: That will be a big concern.
39:54
Speaker 3: You, Dave Sharma, great to see you, you too, Michael Danby,
39:57
Speaker 3: thank you so much. Ben Carroll leaves the door open
40:03
Speaker 3: to dumping just into Allan's working from home policy. We'll
40:06
Speaker 3: give you more on that, plus why Elon Musk says
40:09
Speaker 3: that money will be meaningless with the rise of AI.
40:12
Speaker 3: I'll speak with a leading expert after the break. All right,
40:20
Speaker 3: welcome back, and we'll get back to whether Ben Carroll
40:23
Speaker 3: is open to dumping just into Alan's working from home
40:25
Speaker 3: policy in a moment. But now I want to have
40:29
Speaker 3: more of an in depth look at Elon Musk's comments
40:32
Speaker 3: about how AI could become smarter than human intelligence in
40:36
Speaker 3: just five years. Here he was speaking to the economist.
40:41
Speaker 17: AI may exceed the sum of human intelligence. The most
40:45
Speaker 17: likely outcome is an age of amazing abundance.
40:51
Speaker 2: And he also said that AI could eliminate the need
40:53
Speaker 2: for money.
40:55
Speaker 17: Money won't matter in twenty thirty six, that the Treasury
40:58
Speaker 17: should just simply issue people check. So I'll make a prediction,
41:01
Speaker 17: which is that deflation will be the issue, not inflation.
41:06
Speaker 3: And to understand what he means, what he is talking
41:09
Speaker 3: about I'm joined now by the co founder and global
41:12
Speaker 3: chief executive Officer a bit of BFA Global Investors, Jonathan Bells. Jonathan,
41:17
Speaker 3: Great to see you from Singapore. Lots of starting with
41:22
Speaker 3: this recent interview that Elon gave. I mean he said
41:25
Speaker 3: that AI will overtake human intelligence in five years.
41:28
Speaker 2: I mean, what does this look like practically?
41:32
Speaker 11: Yeah, yeah, And look, it's not just Elon that we've
41:35
Speaker 11: heard this from. It's everyone from Sam open AI and
41:39
Speaker 11: Dario and Anthropic and you know, it's kind of been
41:42
Speaker 11: the topic of really the last year to two years,
41:45
Speaker 11: since this AI has come into our consciousness. You know,
41:49
Speaker 11: I think practically we have to think about definitions, and
41:52
Speaker 11: definitions matter a lot here. I think if you think
41:55
Speaker 11: about human intelligence from the Touring test, which basically says,
41:59
Speaker 11: can you distinguish AI today from a human on most
42:04
Speaker 11: basic tasks? The answer maybe not. In many ways, AI
42:09
Speaker 11: has usurped many of the tasks that a human can
42:11
Speaker 11: do and we would have no idea. But I think
42:14
Speaker 11: we also have to remember that AI, while it's a
42:17
Speaker 11: fantastic technology, it operates in bits, it doesn't operate in atoms,
42:22
Speaker 11: and much of what makes us human is at the
42:23
Speaker 11: physical level as well. You know, our consciousness, our ability
42:27
Speaker 11: to love and feel, communicate, And I think that's important
42:30
Speaker 11: when you start, Oh, I think about it, you know,
42:35
Speaker 11: practically the impacts of what this is going to look
42:37
Speaker 11: like over the next five years.
42:39
Speaker 3: We just lost your volume for a moment. Hopefully it
42:41
Speaker 3: won't happen again. I mean, in Jonathan, it fascinates me
42:45
Speaker 3: how this will have an impact on the jobs, the
42:47
Speaker 3: jobs of you know, our kids and our grand kids.
42:51
Speaker 3: I mean, some people suggest that there won't be the
42:54
Speaker 3: same jobs or even jobs as we know them.
42:56
Speaker 2: People won't work. What do you.
42:57
Speaker 11: Think technology come into play a new te can you
43:07
Speaker 11: hear me?
43:08
Speaker 2: Or oh, we keep losing your volume. Let's try one
43:10
Speaker 2: final time, go for it?
43:12
Speaker 11: Okay, Yeah, so I said, you know, every time we
43:14
Speaker 11: have a new radical technology, people assume there is severe
43:18
Speaker 11: unemployment and a massive displacement of jobs. But the honest
43:22
Speaker 11: data that we're seeing so far is there are no
43:25
Speaker 11: catastrophic outcomes that are happening. Every portfolio company that we're
43:30
Speaker 11: working with is actually seeing the opposite, a significant pickup
43:34
Speaker 11: in employment. I think something that's really critical to think
43:38
Speaker 11: about here is something called the Jevans paradox, which is
43:42
Speaker 11: that as you get an explosion in demand, jobs are
43:46
Speaker 11: created more and more as intelligence kits commoditized. In this case,
43:52
Speaker 11: you know, people who would traditionally have been locked out
43:54
Speaker 11: of markets, entrepreneurs, labor, et cetera, suddenly do have access
43:59
Speaker 11: and create new opportunities to work. So I think every
44:04
Speaker 11: time we've seen this, you know, every generation is feared
44:08
Speaker 11: that the machines would take the work away, but in
44:10
Speaker 11: the end, you know, every generation ends up doing the
44:13
Speaker 11: work that their parents couldn't imagine. I think in this
44:16
Speaker 11: wave is no different. It's just happening faster.
44:19
Speaker 3: When Elon says that money will be meaningless, what does
44:22
Speaker 3: he mean by that?
44:23
Speaker 2: And do you agree with him?
44:26
Speaker 8: Yeah?
44:26
Speaker 11: So I think, Look, Elon is just an incredible thinker,
44:30
Speaker 11: and really it's quite amazing to think of what he's
44:34
Speaker 11: really talking about here, which is a world of abundance.
44:38
Speaker 11: What he's saying is that as AI and robots produce
44:41
Speaker 11: goods at near zero cost, money's traditional role breaks down.
44:46
Speaker 11: He's a visionary and wouldn't it be amazing if we
44:49
Speaker 11: practically could get there. I think the likelihood of that happening, though,
44:53
Speaker 11: is incredibly low. There's so much red tape, regulation, banking constructs, etc.
45:00
Speaker 11: And I think what will be scarce will evolve, it
45:03
Speaker 11: won't disappear, hopefully. That's what we focus on as investors.
45:07
Speaker 11: What I think he's really talking about here, though, is
45:10
Speaker 11: challenging all of us to think beyond our own constructs
45:14
Speaker 11: and our imaginations. I think it's clear many people are
45:16
Speaker 11: default into fear when it comes to AI, and it's
45:19
Speaker 11: a natural response for our reptilian brains. But what I
45:23
Speaker 11: think he's thinking about here is how can we embrace
45:26
Speaker 11: what's possible? And part of that may mean that money
45:29
Speaker 11: may not have the same role that it had over
45:31
Speaker 11: the last hundreds of years.
45:34
Speaker 3: Yeah, I think my brain is definitely reptilian because I
45:37
Speaker 3: don't understand how our society would move to a point
45:40
Speaker 3: where we don't use money. But I have to explore
45:44
Speaker 3: that when we have a bit more time. Jonathan, thank
45:47
Speaker 3: you very much for your time. Appreciate it. After the break,
45:50
Speaker 3: the Victorian economies in the dumps, but new premier bank
45:53
Speaker 3: Carol is refusing.
45:54
Speaker 2: Well, he's not ruling out.
45:56
Speaker 3: We'll get the latest on one of the most anti
45:59
Speaker 3: business policy that's after the break. Will there are media
46:05
Speaker 3: reports tonight that new Premier Ben Carroll is leaving the
46:08
Speaker 3: door open on ditching one of Jacinta Allen's most anti
46:12
Speaker 3: business policies, compulsory working from home.
46:16
Speaker 12: That legislation is before the Parliament and I have nothing
46:20
Speaker 12: to answer or say on that today. Work from home
46:23
Speaker 12: is good for families and it is good for workers.
46:27
Speaker 2: And for the latest.
46:28
Speaker 3: I'm joined now by a chief economist at the Institute
46:30
Speaker 3: for Public Affairs, Adam Crichton. Adam, so the age is
46:34
Speaker 3: reporting he's open to the changes.
46:37
Speaker 2: What are you hearing? What's the latest?
46:40
Speaker 7: Well, certainly let's hope that he does. Look, I think
46:42
Speaker 7: he probably will. I mean, this is already the state
46:44
Speaker 7: that has the most business regulations. Surveys always show that
46:47
Speaker 7: it has the highest rates of payroll tax when you
46:49
Speaker 7: include the COVID levee and the mental health levee. So
46:51
Speaker 7: businesses are already suffering, and then from the first of
46:54
Speaker 7: September there's meant to be this new law where their
46:56
Speaker 7: staff can go to them and say, look, I want
46:58
Speaker 7: to work from home for two days a week and
46:59
Speaker 7: you don't have any choice in the matter. So that,
47:02
Speaker 7: of course is extremely bad for productivity if you are
47:05
Speaker 7: forcing it on the business, and so I think any
47:07
Speaker 7: practical person would say that that has to go. And
47:10
Speaker 7: so I fully suspect the law won't be entirely scrapped,
47:13
Speaker 7: but in the upper House they will change it so
47:15
Speaker 7: it is effectively not very effective when it comes into practice.
47:19
Speaker 7: So I think they will do that. So let's hope
47:21
Speaker 7: that happens. This is a state in a serious crisis
47:23
Speaker 7: where just in a few years the interest cost on
47:26
Speaker 7: the debt alone will be twenty five percent of the
47:29
Speaker 7: state's own taxation. So this is a state that really
47:31
Speaker 7: needs economic growth. It really needs, really needs productivity, I
47:34
Speaker 7: should say, and it doesn't want businesses to be running
47:36
Speaker 7: away from the state.
47:38
Speaker 2: There's us a talk he might knock the suburban rail
47:41
Speaker 2: loop on the head.
47:42
Speaker 7: What do you think, Well, that would be amazing if
47:45
Speaker 7: you did that, and that would genuinely surprise me.
47:47
Speaker 1: I'll be very impressed.
47:48
Speaker 7: This is probably the only project in Australia that gives
47:51
Speaker 7: snowy two point zero a run for its money. This
47:53
Speaker 7: is going to cost tens and tens of billions of
47:55
Speaker 7: dollars to link the outer suburbs of Melbourne and there's
47:59
Speaker 7: still not even a train from the airport to the
48:01
Speaker 7: city in this very large city. So it's a completely
48:04
Speaker 7: crazy project. It really should be knocked on the head.
48:07
Speaker 7: Let's hope he does that too. The state can't afford
48:09
Speaker 7: it either. I mean, you know it's penciled in for
48:11
Speaker 7: fifty billion. It's going to be more than three times
48:13
Speaker 7: out probably, So there is potential that this new premier
48:16
Speaker 7: might actually not just be a new face.
48:17
Speaker 1: So let's wait and see.
48:18
Speaker 2: Let's see.
48:20
Speaker 3: Adam the Treasurer today put a positive spin on the
48:22
Speaker 3: inflation data, but how does our inflation actually compare with
48:27
Speaker 3: other countries?
48:27
Speaker 2: And I know you've looked at this closely.
48:30
Speaker 7: Well yeah, well look it's too really frust made stream.
48:33
Speaker 7: So it frustrates me because it's so high. The core
48:35
Speaker 7: inflation rate in Australia, in this country is still the
48:37
Speaker 7: highest in the western world. It's almost four percent. The
48:41
Speaker 7: Reserve Bank's target is for two and a half percent,
48:43
Speaker 7: and it's not been in that target for many, many years.
48:46
Speaker 7: And so if you're at eighty eighty five thousand dollars
48:48
Speaker 7: the purchasing power of your wage, you know, that's falling
48:51
Speaker 7: at four percent every single year, and you're not really
48:53
Speaker 7: getting a nominal pay rise. Of course, unless you're a
48:55
Speaker 7: Victorian teacher getting a twenty eight percent rise over four years.
48:58
Speaker 7: But by and large the word because in the private
49:00
Speaker 7: sector they're really suffering with this rate of inflation, and
49:03
Speaker 7: the government is not taking it seriously. I don't think
49:05
Speaker 7: the Reserve Bank is really taking it that seriously either,
49:07
Speaker 7: because it's probably not going to lift interest rates anymore.
49:10
Speaker 7: It's just going to leave the inflation rate at four percent, which,
49:12
Speaker 7: as I say, is too high, far too high for
49:14
Speaker 7: ordinary people. So it's not a good look. Plus, of
49:17
Speaker 7: course you've still got a federal government that's running budget
49:20
Speaker 7: deficits of near sixty billion dollars effectively, so it's not
49:23
Speaker 7: really taking it seriously either.
49:25
Speaker 2: Well, how does.
49:26
Speaker 3: It compare with the US, with Argentina where you've been
49:29
Speaker 3: recently with the.
49:30
Speaker 1: UK, Well, it's better than Argentina.
49:33
Speaker 7: It's still better than Argentina and Australia. Argentina is still
49:35
Speaker 7: about thirty percent a year, down from about three hundred
49:37
Speaker 7: percent a year few years ago. But the UK and
49:39
Speaker 7: the US it's about two and a half percent, right,
49:41
Speaker 7: and that's really where.
49:42
Speaker 1: It should be here.
49:43
Speaker 7: Australia is the only rich country in the world where
49:45
Speaker 7: it's near four percent at the moment. In France it's
49:48
Speaker 7: about one and a half. In Japan it's about one
49:50
Speaker 7: and a half. So we really do stand out and
49:53
Speaker 7: the reason for that is a mix that the interest
49:55
Speaker 7: rates seed just never went too high and we run
49:58
Speaker 7: two large budget deficits.
50:00
Speaker 3: Yeah, so our strategy right from the beginning was basically wrong.
50:06
Speaker 7: Well, yeah, we just don't take inflation seriously enough. In Australia,
50:09
Speaker 7: we've always tolerated it being a bit high. And frankly,
50:12
Speaker 7: the fact that markets don't expect the Reserve Bank to
50:14
Speaker 7: lift rates even though the inflation rate is still almost
50:18
Speaker 7: double where it should be, it just goes to show
50:20
Speaker 7: that they don't have much credibility with the financial markets
50:23
Speaker 7: because I don't care about it. They care more about
50:25
Speaker 7: keeping the house prices high.
50:27
Speaker 3: I don't know how people families are going to continue
50:29
Speaker 3: to afford life. It's just so the wool war shop.
50:34
Speaker 3: Everything is insane, all right, Adam Crichton, great to.
50:36
Speaker 2: See you, and that's it for me.
50:37
Speaker 3: I'll see you at eight And as I pass over
50:40
Speaker 3: to Paul Murray, a huge congratulations on his excellent interview
50:43
Speaker 3: with Pauline last night.
50:44
Speaker 2: Here he is