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France Riots; Ukraine; Kasparov on Israel; Iran; Achievements | Yaron Brook Show · Yaron Brook Show

• 0:03
  Speaker 1: The radical, fundamental principles of freedom, rational self-interest, and individual rights.
• 0:15
  Speaker 1: This is the Yaron Brook Show. All right, everybody. Welcome
• 0:22
  Speaker 1: to Yaron Brook Show on this Monday, October 19th. We
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• 1:03
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  Speaker 1: cinematic adaptation of an Ayn Rand work. I think it's
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  Speaker 1: in at 7. Ian, you've got a question. That's great.
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  Speaker 1: That would be a perfect question, even though I know
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• 2:00
  Speaker 1: I do two shows. Uh, all right, well, we'll see.
• 2:04
  Speaker 1: So we'll see, uh, we'll see what happened. Thank you.
• 2:06
  Speaker 1: In the meantime, CB Milken, Jonathan Honing, in other words,
• 2:09
  Speaker 1: and Bunny. I think Jonathan is the only other person
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  Speaker 1: who is going to use Milken in his, in his name,
• 2:16
  Speaker 1: kind of with pride, uh, other than me in, uh,
• 2:20
  Speaker 1: who would do it other than me in the entire universe, right?
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  Speaker 1: Everybody else runs from the idea of, uh, of Milken. Um, So,
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  Speaker 1: all right, let's jump in. I mean, let's jump in
• 2:36
  Speaker 1: and talk about the news. And we have to start
• 2:39
  Speaker 1: with the, I think, with the riots in France. On Saturday, 550,000
• 2:43
  Speaker 1: people came out and marched in France across the country, nominally, supposedly,
• 2:50
  Speaker 1: marched for more money for schools. I'm not sure how
• 2:54
  Speaker 1: burning down buildings and, you know, basically robbing uh, uh,
• 3:00
  Speaker 1: stores and, and breaking windows and, and destroying stuff, uh, is, uh, constitutes, um,
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  Speaker 1: a good protest for more money for schools. I mean,
• 3:11
  Speaker 1: whatever money could have gone for schools, not going to
• 3:12
  Speaker 1: go to fix all that. Uh, Sunday morning, the Leon
• 3:16
  Speaker 1: tourism office was in Ash, the city hall in Limon, Limong,
• 3:23
  Speaker 1: I don't know how to pronounce these French words. had
• 3:25
  Speaker 1: collapsed in a fire. The bust of Mariana lay on
• 3:29
  Speaker 1: the floor of the Marseille government headquarters. A Louis Vuitton
• 3:33
  Speaker 1: store by the Élysée was emptied, as well as an
• 3:38
  Speaker 1: Apple store and a bunch of other stores. 1,500 stores, 1,500
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  Speaker 1: stores across the country had been looted. 2,400 people had
• 3:47
  Speaker 1: been arrested. 1,000 police injured. The prime minister has declared
• 3:54
  Speaker 1: a curfew a fund to compensate businesses, and a law
• 4:00
  Speaker 1: to make rioters pay. Yeah, I'm sure the rioters can
• 4:07
  Speaker 1: easily pay the cost of those Louis Vuittons that they stole.
• 4:13
  Speaker 1: That's where we are in France. On Sunday afternoon, Lionel
• 4:19
  Speaker 1: Lorrain was walking the Paris Boulevard, And what you could
• 4:24
  Speaker 1: see on TV was smashed storefronts, boarded windows, charred barricades,
• 4:31
  Speaker 1: armed police still standing with shields up after 500 arrested
• 4:36
  Speaker 1: just in the Capitol overnight. There was one lone bystander
• 4:40
  Speaker 1: with a broom quietly sweeping up broken glass. Macron on television.
• 4:47
  Speaker 1: Sunday night, shame and anger. The ransacking is just unbearable.
• 4:52
  Speaker 1: Those who have destroyed must pay. The answer to Macron's
• 4:58
  Speaker 1: plea happened that night. Mass groups looted central Paris shops
• 5:04
  Speaker 1: on Sunday night after Macron's speech, well into Monday morning.
• 5:10
  Speaker 1: In Bordeaux, dozens of shops were cleaned out. The prefect's
• 5:15
  Speaker 1: residence was sacked, 100-plus people arrested. In Lille, An apple store, Marseille,
• 5:21
  Speaker 1: the city government headquarters broken into. And in Lyon, tourist
• 5:26
  Speaker 1: office destroyed. We talked about that. You probably saw the
• 5:30
  Speaker 1: dramatic video of the city hall burning and then the
• 5:36
  Speaker 1: center collapsing. Protesters blocked the Louvre. And of course, everywhere
• 5:43
  Speaker 1: you went, there were free Palestine flags everywhere. Hamas flags,
• 5:49
  Speaker 1: Palestinian flags, and, of course, tax the rich paid beside
• 5:54
  Speaker 1: the smash bank windows. And Vinted, Vinted, I didn't know
• 5:59
  Speaker 1: what Vinted was. I had to look it up, but
• 6:01
  Speaker 1: I read this in a news story. Vinted is flooded
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  Speaker 1: with suspected looted goods. Vinted is like an eBay, but
• 6:09
  Speaker 1: not where there's no bidding. You just put a price
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  Speaker 1: and people buy it. So an online store for used goods.
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  Speaker 1: flooded with these looted goods. Again, over half a million
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  Speaker 1: marches on Saturday. Unclear how many came out on Sunday.
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  Speaker 1: The ministry had expected, had forecast 200,000, so they had
• 6:31
  Speaker 1: messed up. 2,400 arrests, 1,000 police injured, seven seriously, and
• 6:35
  Speaker 1: anywhere between 1,500 and 2,000 shops damaged and looted. Hundreds
• 6:46
  Speaker 1: of millions of euro for repairs are needed for repairs. Now,
• 6:56
  Speaker 1: this all started about a month ago, September 18th. Students
• 7:02
  Speaker 1: at LIC in Créteil, I don't know how to say that,
• 7:08
  Speaker 1: a Paris suburb, they walked out. Protesting over crumbling buildings,
• 7:13
  Speaker 1: overcrowded classes, and unreplaced teachers. Specific demands were met. The
• 7:19
  Speaker 1: strike ended. But the, whatever, the demonstrations didn't. On September 21,
• 7:27
  Speaker 1: France's deputies attended the first blockade. Protesters spread to 40-plus cities. as,
• 7:39
  Speaker 1: you know, a budget fight started in terms of how
• 7:44
  Speaker 1: the French government was spending its money. Public sector strikes began.
• 7:49
  Speaker 1: Fisherman blocked the ports, complaining over diesel prices, so it
• 7:53
  Speaker 1: was expanded beyond school budgets, and now it was about,
• 7:59
  Speaker 1: what do you call it, affordability, the anti-concept, about prices, about...
• 8:05
  Speaker 1: The government not being big enough and not spending enough
• 8:07
  Speaker 1: money on the particular sectors that the French, these particular
• 8:12
  Speaker 1: people demonstrated, wanted. So basically the welfare state, not generous
• 8:18
  Speaker 1: enough with the particular pressure groups who now apply violence.
• 8:26
  Speaker 1: On October 7th, I did the show, talked about 215
• 8:30
  Speaker 1: students and 85 staff injured, a 15-year-old loses a hand.
• 8:34
  Speaker 1: to police grenade, classes suspended for discussion sessions. But this
• 8:41
  Speaker 1: being ongoing, and to some extent, I said then that
• 8:44
  Speaker 1: it was being captured and likely even more to be
• 8:47
  Speaker 1: captured by elements that didn't care about school spending, but
• 8:51
  Speaker 1: just cared about rioting. Whether it was the anarchists, whether
• 8:56
  Speaker 1: it was, you know, various left-wing groups, whether it was
• 9:01
  Speaker 1: just the nihilists, whether it was pro-Palestinian, I mean, Palestinianism,
• 9:11
  Speaker 1: they're calling it now. The pro-Palestinian cause has now become
• 9:17
  Speaker 1: the cause of the left, the binding, uniting cause of
• 9:21
  Speaker 1: the left. And, of course, it has its variation on
• 9:24
  Speaker 1: the right. And people gravitate towards that. So now you
• 9:29
  Speaker 1: do not have a left-wing protest anywhere. without massive Palestinian
• 9:35
  Speaker 1: flags being flown everywhere. On October 8th, the day after
• 9:40
  Speaker 1: the show, schools started burning. The column at the Bastille
• 9:47
  Speaker 1: was graffitied. We had Neil Ferguson's column, which we talked
• 9:53
  Speaker 1: about on the show, you know, about the redistributive state,
• 9:58
  Speaker 1: the welfare state redistributing. from young to old, and the
• 10:02
  Speaker 1: frustration young people had believing they didn't have a future
• 10:08
  Speaker 1: without being able to identify the source of it, the
• 10:10
  Speaker 1: mixed economy and the welfare state, taking it out on,
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  Speaker 1: you know, the stores or whatever building they could light,
• 10:18
  Speaker 1: and whatever cause they could light instead of going after
• 10:22
  Speaker 1: the cause, the welfare state, and the fact that the
• 10:26
  Speaker 1: welfare state spent most of its money redistributing wealth to
• 10:29
  Speaker 1: the elderly, their grandparents. And then, of course, on Saturday,
• 10:34
  Speaker 1: two days ago, we had the mass march, the looting.
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  Speaker 1: You know, the justice minister said that in one store,
• 10:44
  Speaker 1: one vandalized store on Saturday, they arrested four people age
• 10:49
  Speaker 1: 19 to 46, some of them with prior convictions for theft, violence,
• 10:55
  Speaker 1: and drugs. Now, this suggests, again, that various elements in
• 11:00
  Speaker 1: French society took advantage of these riots to do their
• 11:04
  Speaker 1: own thing. I'm sure crooks, criminals, gangs all used this
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  Speaker 1: at good effect. Indeed, some areas around Paris had no
• 11:14
  Speaker 1: police at all. Looting ran 30-plus minutes with nobody intervening. Freebies.
• 11:22
  Speaker 1: Come on over. The Interior Minister admits his team forecast 200,000,
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  Speaker 1: offered to resign. Macron refused. You know, now they just
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  Speaker 1: say it was a failure. And there's more to come.
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  Speaker 1: Remember the Yellow Vests? Yellow Vests? Yellow Vests are rural French.
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  Speaker 1: Rural French, the farmers and the truck drivers and people
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  Speaker 1: who don't live in Paris. These are people who complain
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  Speaker 1: about cost of living, prices going up, and who feel
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  Speaker 1: like they're left out of what happens in Paris and
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  Speaker 1: what happens in terms of the redistribution of wealth that's
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  Speaker 1: going on constantly. In France. Well the Yellow Vests have
• 12:21
  Speaker 1: called a new protest. For October 24th. And we know
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  Speaker 1: what will happen. Not only will the Yellow Vests be there.
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  Speaker 1: But it will be captured by. The anarchist nihilist wing.
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  Speaker 1: By the way the anarchist nihilist. All black. They dress
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  Speaker 1: exactly like Antifa. And they share a common cause. Destruction
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  Speaker 1: for the sake of destruction. A hatred for capitalism. A hatred.
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  Speaker 1: A hatred. for the world, certainly the Western world. What's
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  Speaker 1: the government's answer? I mean, on Monday, the mayors in
• 12:59
  Speaker 1: France announced that they will impose partial curfews. The government
• 13:05
  Speaker 1: said a law making those who damage property will pay
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  Speaker 1: for it. Again, good luck with that. A partial unemployment
• 13:13
  Speaker 1: fund for businesses the riots shut. They're going to talk
• 13:18
  Speaker 1: with insurers to make sure they get coverage. We've seen
• 13:24
  Speaker 1: people blame the ultra-left radical groups who won chaos before
• 13:30
  Speaker 1: the elections in 2027. We've seen France Unbowed blame the government,
• 13:37
  Speaker 1: France Unbowed being the left. Le Pen and Bardella blame
• 13:44
  Speaker 1: both the government and the left. and basically are using
• 13:50
  Speaker 1: this as the launch, basically their campaign for 2027, on
• 13:55
  Speaker 1: a platform of law and order. Just one line of theirs,
• 14:03
  Speaker 1: the Macronist administration that is out of steam, exhausted, and disoriented.
• 14:11
  Speaker 1: Not to feel left out, Trump and Vance... Blame immigrants.
• 14:18
  Speaker 1: I mean, of course. Who else? Could it be, if
• 14:21
  Speaker 1: not immigrants? In 1968, Paris burnt. In 1968, there were
• 14:26
  Speaker 1: riots all over France. In 1968, there were no immigrants.
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  Speaker 1: Or at least nobody is going to blame those riots
• 14:35
  Speaker 1: on immigrants. Yeah, what the hell? It's always immigrants. Because
• 14:41
  Speaker 1: of all the things that Trump and Vance, this administration,
• 14:44
  Speaker 1: stands for, The number one thing that it stands for,
• 14:48
  Speaker 1: the number one thing this administration stands for is hatred
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  Speaker 1: of immigrants. And don't say, don't say, don't come at
• 14:55
  Speaker 1: me with, but it's only illegals. They hate illegals. We
• 14:58
  Speaker 1: hate illegals too. No, it's hatred of immigrants, even though
• 15:04
  Speaker 1: both men are married to immigrants. It doesn't stop. Hypocrisy never, never,
• 15:09
  Speaker 1: never stopped anybody. I mean, Vance is married to a
• 15:13
  Speaker 1: daughter of immigrants, Trump. is married to an immigrant, and
• 15:17
  Speaker 1: I think his previous wife was an immigrant too. Now,
• 15:24
  Speaker 1: there was also maybe a Jewish angle, hard to tell.
• 15:29
  Speaker 1: A synagogue was broken into on Saturday night. Prayer books
• 15:33
  Speaker 1: and feeling were scattered. The rabbi's office was searched. But
• 15:37
  Speaker 1: a lot of the Torah scrolls were untouched, and a
• 15:40
  Speaker 1: committee member at the synagogue said it was primarily an
• 15:42
  Speaker 1: attempt to theft. Jewish-owned shops reportedly burned in Marseille, but
• 15:48
  Speaker 1: the Jewish Community Protective Service says there's no evidence that
• 15:52
  Speaker 1: Jewish institutions or businesses were deliberately targeted. Now, that's hard
• 15:55
  Speaker 1: to tell if that's true, or the Jewish community in
• 16:00
  Speaker 1: Marseille just not wanting to blame anybody, wanting to have
• 16:03
  Speaker 1: a low profile, and not wanting to intimidate the people
• 16:07
  Speaker 1: who did this. So, hard to tell. But I think
• 16:11
  Speaker 1: it's easy for people to overplay the anti-Semitic angle on this.
• 16:16
  Speaker 1: That is not what's driving these riots. And it's not
• 16:20
  Speaker 1: clear that these riots are driven by, you know, Islamists
• 16:27
  Speaker 1: in the name of Islam. There is a green Islam alliance.
• 16:33
  Speaker 1: There is a far-left Islam alliance that I wouldn't be
• 16:36
  Speaker 1: surprised at driving this. But it's not primarily an Islamist project.
• 16:48
  Speaker 1: The Muslims, like everybody else, is taking advantage of what's
• 16:51
  Speaker 1: going on. I do think it's a left wing, you know,
• 16:55
  Speaker 1: capitalizing on legitimate grievances or illegitimate grievances, depending on how
• 16:59
  Speaker 1: you view it. Grievances against the French state, which are justified,
• 17:05
  Speaker 1: but where the solution offered by the grievers is wrong, right?
• 17:11
  Speaker 1: Their solution is grow the state, and of course the
• 17:14
  Speaker 1: problem is the state is too big and too involved
• 17:17
  Speaker 1: and unlimited. Now, you've heard the story already. I've talked
• 17:23
  Speaker 1: about this over and over again, but of course the
• 17:25
  Speaker 1: bond market has told us that France is in trouble.
• 17:31
  Speaker 1: France's 10-year bonds hit 4.99% in early October. That's a
• 17:36
  Speaker 1: significant spread over Germany, over 1.5%. Today they're at 4.88%.
• 17:42
  Speaker 1: Still almost 1.5% spread over Germany. Stock market throughout Europe
• 17:48
  Speaker 1: are down, particularly again in France. There is a Monday
• 17:53
  Speaker 1: riot sell-off. We'll see. But there's a bounce back, so
• 17:58
  Speaker 1: hard to tell. But stocks generally are down. Moody is
• 18:05
  Speaker 1: reviewing the status of French bonds. We'll get a rating
• 18:11
  Speaker 1: on Friday. We've talked about these numbers, the French deficit
• 18:17
  Speaker 1: of 5.4% of GDP, debt past 120% of GDP by
• 18:21
  Speaker 1: the end of 2027, debt service, interest payment on the
• 18:25
  Speaker 1: debt is 2.2% of GDP, and going to 4% by 2030.
• 18:31
  Speaker 1: The French Assembly is basically stalemated. They can't pass a budget.
• 18:41
  Speaker 1: It's clear the problem is spending. spending on social spending primarily, and,
• 18:48
  Speaker 1: of course, interest, but interest they can't avoid as long
• 18:50
  Speaker 1: as they're borrowing. France economy not growing, probably in real terms,
• 18:58
  Speaker 1: taking on inflation, negative terms, growing, you know, it's a
• 19:03
  Speaker 1: negative growth. French borrowing costs above growth. And, you know,
• 19:13
  Speaker 1: the reality is that Macron, during his presidency, has tried
• 19:19
  Speaker 1: on several occasions to rein in spending on the right
• 19:24
  Speaker 1: things like pensions. And he got shut down every single time.
• 19:29
  Speaker 1: Every single time the left and the right, you know,
• 19:33
  Speaker 1: bond together to shut down any attempt to cut spending.
• 19:39
  Speaker 1: French taxes are already at the highest level. among the
• 19:41
  Speaker 1: highest in the world. Government spending is already at the
• 19:45
  Speaker 1: highest in the world. Le Pen promises to cut the
• 19:49
  Speaker 1: deficit from 5.5%. to 3.7 to 2.2, but no plan.
• 19:55
  Speaker 1: No plan. No plan. And explicitly saying she's not going
• 19:59
  Speaker 1: to cut spending on what counts. Melchion, the socialist or
• 20:05
  Speaker 1: far leftist, wants to walk away from the debt, just
• 20:08
  Speaker 1: for Go bankrupt. Let them do something about it. Yeah,
• 20:18
  Speaker 1: I mean, the protests nominally are asking for $ 10 billion
• 20:20
  Speaker 1: more in schools. Tell me $ 10 billion more euro. This
• 20:25
  Speaker 1: is from the state. Where's that money going to come from?
• 20:30
  Speaker 1: The unions want more. The fishermen want cheaper diesel. And
• 20:37
  Speaker 1: I'm sure if you polled the people in the streets
• 20:39
  Speaker 1: of Paris... during the demonstration, you've got 100 different groups
• 20:43
  Speaker 1: wanting more stuff from the government. And look, when you
• 20:48
  Speaker 1: want more stuff from the government and you're frustrated at
• 20:51
  Speaker 1: the ballot box, what's left? The streets. Riots. Power. You know, violence.
• 21:03
  Speaker 1: This is France, after all. This is the country of
• 21:05
  Speaker 1: the French Revolution. This is the country of the guillotine.
• 21:13
  Speaker 1: So what needs to be done? What needs to be done? Well,
• 21:19
  Speaker 1: first and foremost, you have to protect. You have to protect.
• 21:27
  Speaker 1: I don't know if France doesn't have enough police. I
• 21:31
  Speaker 1: don't know if it's that they're not willing to use
• 21:34
  Speaker 1: aggressive enough tactics. But these are not protests. These are riots.
• 21:42
  Speaker 1: This is easily could have burned down an old apartment
• 21:46
  Speaker 1: building in Paris and brought about deaths of people. This
• 21:51
  Speaker 1: is looting. This is armed robbery. And what you need
• 21:58
  Speaker 1: is massive turnout of police and the willingness to be
• 22:02
  Speaker 1: unbelievably aggressive. There should be zero tolerance of looting. Whether
• 22:10
  Speaker 1: that is more you know, more tear gas or rubber
• 22:14
  Speaker 1: bullets or whatever, it cannot go. It cannot be allowed.
• 22:24
  Speaker 1: I mean, in this sense, Le Pen and Baldera are right.
• 22:28
  Speaker 1: And I think that running on a law and order platform,
• 22:32
  Speaker 1: they're going to get a lot of votes. Even people
• 22:34
  Speaker 1: who are maybe in the past have always been reluctant
• 22:37
  Speaker 1: to vote for the far right. Number one job of
• 22:40
  Speaker 1: the government, is to protect our safety. And look, but
• 22:52
  Speaker 1: the solution is not going to be handouts. It's not
• 22:58
  Speaker 1: going to be more money for anybody. I mean, it's true.
• 23:03
  Speaker 1: The schools are falling apart. I mean, it would be
• 23:08
  Speaker 1: good if they privatized them. It would be good if
• 23:10
  Speaker 1: they allowed some kind of school choice. It would be
• 23:12
  Speaker 1: good Maybe if they shifted funding of French schools more
• 23:16
  Speaker 1: to localities than the federal government. But kids are frustrated.
• 23:23
  Speaker 1: They're getting a bad education in a bad infrastructure. But
• 23:28
  Speaker 1: that's it. There's no more money. These kids are being robbed.
• 23:34
  Speaker 1: They're being robbed blind. All the money that could have
• 23:38
  Speaker 1: gone to education, not that I'm for that, is going
• 23:45
  Speaker 1: to provide for a very, very, very comfortable retirement for
• 23:52
  Speaker 1: their grandparents who had every opportunity during their lifetime to
• 23:56
  Speaker 1: save money for that retirement. So, you know, what's going
• 24:03
  Speaker 1: on is something that started as, we're owed, give us stuff.
• 24:09
  Speaker 1: State should pay. with no way for that to stop
• 24:15
  Speaker 1: because there's no way for the state to pay. And
• 24:19
  Speaker 1: if the state owes more to the schools, then it
• 24:22
  Speaker 1: owes more to the unions, and it owes more to
• 24:25
  Speaker 1: the fishermen, and who knows who else, to the Yellow Jackets.
• 24:30
  Speaker 1: And people only add on their grievances to the demonstrations.
• 24:34
  Speaker 1: And soon enough, those demonstrations are, you know, captured. by
• 24:42
  Speaker 1: the people who love to riot, who believe in rioting,
• 24:45
  Speaker 1: who think rioting is right of passage. Young Frenchmen, I guess,
• 24:52
  Speaker 1: that qualifies. And then, of course, the enemy has to
• 24:57
  Speaker 1: be the people with the money, because this is all
• 24:59
  Speaker 1: about money, right? So you go after Louis Vuitton, and
• 25:03
  Speaker 1: you go after Apple, and you go after every store
• 25:05
  Speaker 1: out there. They have something. We don't, and it's all
• 25:08
  Speaker 1: about tax the rich. But it's also... nihilism and destruction and,
• 25:15
  Speaker 1: you know, a general hatred and frustration of the French
• 25:19
  Speaker 1: state and the French culture and the French world or
• 25:22
  Speaker 1: the Western world in which we live. So Palestinian flags.
• 25:27
  Speaker 1: I mean, what Palestinian flags represent is hatred of the West.
• 25:32
  Speaker 1: What Palestinian flags represent is hatred of civilization. What Palestinian
• 25:39
  Speaker 1: flags represent is the rise of barbarism and the support
• 25:46
  Speaker 1: for barbarism in the face of civilization. So yeah, the
• 25:56
  Speaker 1: French economy is in deep, deep, deep trouble. And by
• 26:00
  Speaker 1: the way, this is just France. The same problems are
• 26:08
  Speaker 1: in much of Europe. The UK has similar problems. Even
• 26:13
  Speaker 1: if you put aside in all these countries the problem
• 26:14
  Speaker 1: of immigration, the problem of Islam, there are massive economic problems.
• 26:19
  Speaker 1: Germany is spiraling economically now. Germany has been more responsible
• 26:25
  Speaker 1: in terms of debt than France. But Italy hasn't and
• 26:28
  Speaker 1: Spain hasn't. They are being held up by tourism. But
• 26:37
  Speaker 1: if riots sped and they did to Italy... over the weekend,
• 26:41
  Speaker 1: that if riots spread to Italy and Spain, then maybe tourism,
• 26:45
  Speaker 1: you know, shrinks. Who wants to go to a place
• 26:47
  Speaker 1: where there are regular riots? Prices are going up in
• 26:52
  Speaker 1: all these countries. Wages are not. Economic growth is meager.
• 27:00
  Speaker 1: They're stagnating. The government is spending huge amounts of money
• 27:03
  Speaker 1: with no positive results, as you'd expect if you understand economics,
• 27:08
  Speaker 1: for the people complaining. And in all these countries, the
• 27:13
  Speaker 1: far left and the far right are on the rise.
• 27:17
  Speaker 1: The far right, basically, to a large extent, is a
• 27:20
  Speaker 1: response to the far left, with heavy doses of nationalism
• 27:25
  Speaker 1: thrown in. Nothing good can come of this. Nothing good
• 27:28
  Speaker 1: has ever come of this in European history. But that's
• 27:30
  Speaker 1: where we're heading. You know, it is... You know, there are...
• 27:40
  Speaker 1: Put it this way, the riots in Paris were clearly orchestrated.
• 27:46
  Speaker 1: There was strategy. There was taking over a street and
• 27:49
  Speaker 1: then retreating and then going over to another street, and
• 27:51
  Speaker 1: there was ways to baffle the police. This, I think,
• 27:56
  Speaker 1: was orchestrated by far-left groups, Antifa-like groups, that latched onto many,
• 28:05
  Speaker 1: many other demonstrators and rioters and so on, but who
• 28:08
  Speaker 1: basically orchestrated this. This was all coordinated on, you know,
• 28:11
  Speaker 1: through social media. And it's very likely that this is
• 28:19
  Speaker 1: primarily a far-left thing. You know, Le Pen and Badella
• 28:23
  Speaker 1: will use this, as we said, and, you know, we'll
• 28:27
  Speaker 1: see when they get to power what they actually can do.
• 28:31
  Speaker 1: It turns out, I think, very little. Immigrants in Islam,
• 28:36
  Speaker 1: the Trump van stance, Yeah, sure, they play a role,
• 28:40
  Speaker 1: but there's very little evidence to suggest that that is
• 28:43
  Speaker 1: what's really driving this. This is just Trump and Vance
• 28:46
  Speaker 1: trying to score some domestic election points by saying, we're
• 28:53
  Speaker 1: fighting against what's happening in France by taking care of
• 28:56
  Speaker 1: the immigrants here at home. We're deporting them. Otherwise, we
• 29:00
  Speaker 1: would have the same kind of riots. It's BS. So,
• 29:13
  Speaker 1: you know, where does this go? I mean, at some point,
• 29:14
  Speaker 1: these riots seem to peter out more to the fatigue
• 29:18
  Speaker 1: of the rioters than anything else. But here, with now
• 29:22
  Speaker 1: the Yellow Jackets joining in, we're heading towards election season
• 29:27
  Speaker 1: in 2027 and a really critical election in which Le
• 29:31
  Speaker 1: Pen has to be the favorite. It is hard to
• 29:35
  Speaker 1: say how this turns out other than to say otherwise.
• 29:40
  Speaker 1: Pen is going to win and the far right is
• 29:42
  Speaker 1: going to gain significantly, I think, in France. And I
• 29:46
  Speaker 1: think the consequence of that are the far right gaining
• 29:48
  Speaker 1: across Europe. I mean, you see in Italy, Maloney, who
• 29:52
  Speaker 1: I think is done for an Italian prime minister, she's
• 29:55
  Speaker 1: like the longest serving prime minister ever. I want to
• 29:58
  Speaker 1: say since World War II, maybe not, but one of
• 30:00
  Speaker 1: the longest serving. And relative stability in Italy, it hasn't
• 30:07
  Speaker 1: been a dramatic change. I mean, you haven't seen the
• 30:12
  Speaker 1: Italian economy is not doing particularly well because she's not
• 30:15
  Speaker 1: a free marketer. Most of these right-wing people are not.
• 30:20
  Speaker 1: But she's relatively good. She stands up to Trump. She's anti-Russia.
• 30:24
  Speaker 1: She's on foreign policy. She's been very good. And she
• 30:27
  Speaker 1: has not undermined the EU in negative ways. And she
• 30:33
  Speaker 1: seems to be a positive force. And the consequence of
• 30:35
  Speaker 1: that is that a lot of her voters are leaving
• 30:39
  Speaker 1: her and going for the right to pollute a party
• 30:44
  Speaker 1: that is explicitly fascist. So The continent is moving dramatically
• 30:53
  Speaker 1: to the right, and here we're not talking about the
• 30:56
  Speaker 1: right of individual rights. We're not talking about the right
• 30:59
  Speaker 1: of liberty and freedom. We're talking about the right of fascism.
• 31:06
  Speaker 1: That's where they're moving. And that can't be good. It
• 31:16
  Speaker 1: cannot be good. And Here's the thing that unites them all.
• 31:22
  Speaker 1: They're all united around one thing. The demonstrators, the far left,
• 31:26
  Speaker 1: the far right, pretty much everybody in the middle. They
• 31:30
  Speaker 1: all want a bigger state. They want more government involvement,
• 31:36
  Speaker 1: more government intervention, more government handouts, more redistribution, less liberty
• 31:43
  Speaker 1: and freedom. I mean, a state that can't protect its
• 31:49
  Speaker 1: own shops. But they only wanted to go bigger. Because
• 31:56
  Speaker 1: they think somehow the state creates money out of thin
• 32:00
  Speaker 1: air and then can redistribute it. That is France. Bringing
• 32:09
  Speaker 1: things closer to home. The Trump administration is basically in
• 32:18
  Speaker 1: a mode right now to push Ukraine to surrender. On Friday,
• 32:25
  Speaker 1: Trump signed an executive order waiving the new Russian sanctions
• 32:31
  Speaker 1: that he had signed in just a couple of weeks ago.
• 32:35
  Speaker 1: The up to 100% tariffs that the law he passed,
• 32:39
  Speaker 1: he signed in September, allowed on buyers of Russian energy.
• 32:46
  Speaker 1: You know, there was supposed to be a list of countries,
• 32:48
  Speaker 1: the tariffs were going to be imposed on them to
• 32:49
  Speaker 1: stop them from buying Russian oil. Instead, in an unbelievable
• 32:55
  Speaker 1: twist that is hard to, you know, only knowing Trump
• 32:59
  Speaker 1: could you imagine this to actually happen, the United States
• 33:02
  Speaker 1: is not going to stop buying Russian diesel. The defense
• 33:07
  Speaker 1: of this is farmers and businesses hurt by diesel prices,
• 33:12
  Speaker 1: which is how Trump defended it on Sunday. Can't let
• 33:17
  Speaker 1: farmers and businesses be hurt by diesel. Diesel prices primarily
• 33:23
  Speaker 1: are being hurt by an unfinished war, which Trump started.
• 33:32
  Speaker 1: The administration also is proposing stunningly, stunningly, dropping duties on
• 33:37
  Speaker 1: 77 categories of Chinese goods. Wow. I give that a
• 33:42
  Speaker 1: thumbs up. Not because they now don't believe in tariffs,
• 33:47
  Speaker 1: but now they see that the damage of their tariffs
• 33:52
  Speaker 1: is manifest in the ballot box. Tariffs equals product prices
• 33:59
  Speaker 1: go up. Product prices go up. People get upset. People
• 34:03
  Speaker 1: get upset. They vote the Democrats in. And I know
• 34:06
  Speaker 1: some of you will blame me when the Democrats win
• 34:12
  Speaker 1: in the midterm elections. when you should be blaming Donald Trump.
• 34:19
  Speaker 1: I can't say I'm happy that the Democrats win. I'm
• 34:24
  Speaker 1: happy that the Republicans lose. And the only reason I'm
• 34:29
  Speaker 1: happy that the Republicans lose is the Republicans deserve to lose. Anyway,
• 34:36
  Speaker 1: on Sunday at 11 p.m., Russian missiles hit Kiev, Kiev's
• 34:40
  Speaker 1: power plant. Zelensky said, said that Ukraine and its air
• 34:47
  Speaker 1: force got no U.S. warning. Remember, U.S. gives them warning
• 34:51
  Speaker 1: when the missiles are launched. Now, there was another wave
• 34:58
  Speaker 1: of missile attacks on Kiev. Later, at 3 a.m., they
• 35:02
  Speaker 1: did get a warning letter. It's like America saying, we
• 35:06
  Speaker 1: can give you warnings. We cannot give you warnings. We
• 35:09
  Speaker 1: can slow down your drones. We can speed them up.
• 35:13
  Speaker 1: We can do what we want. It's like, I don't know, maybe,
• 35:17
  Speaker 1: you know, craziness. We are governed by a women-worshiping administration
• 35:24
  Speaker 1: that changes its mind constantly and plays power games with
• 35:28
  Speaker 1: people's lives. No, that couldn't be America. Could it? I
• 35:33
  Speaker 1: don't know if anybody's watching The Diplomat, which is a
• 35:39
  Speaker 1: show on Netflix. It's mediocre, but It's got some great banter.
• 35:44
  Speaker 1: I like it because the writing is good. The banter
• 35:47
  Speaker 1: is good. The scenarios are pretty wild and pretty silly.
• 35:52
  Speaker 1: But the banter is excellent. Anyway, the spoiler alert. So
• 35:57
  Speaker 1: in this season, the president of the United States basically
• 36:03
  Speaker 1: has been shot. And since she's been shot, she's acting crazy. Crazy.
• 36:07
  Speaker 1: I mean, she's always been a little crazy and she
• 36:09
  Speaker 1: did some really, really stupid things and got a lot
• 36:11
  Speaker 1: of people killed. But now she's acting a little completely
• 36:14
  Speaker 1: crazy and pushing the country to the brink of war
• 36:17
  Speaker 1: with Russia. So maybe the opposite of Trump, but still crazy.
• 36:22
  Speaker 1: And in the show, her senior advisors, and the show
• 36:28
  Speaker 1: ends on a cliffhanger because at the end of the show,
• 36:32
  Speaker 1: her senior advisors have publicly stood up and repudiated her,
• 36:39
  Speaker 1: the president of the United States, including the vice president
• 36:42
  Speaker 1: and the secretary of state. And you would think this is,
• 36:47
  Speaker 1: you know, hey, hey, is anybody ever going to stand
• 36:51
  Speaker 1: up to Trump? Marco Rubio, where are you? Marco, Marco,
• 36:55
  Speaker 1: Western civilization, Marco. We'll get to Marco Rubio in a minute. Anyway,
• 37:02
  Speaker 1: this administration is run by whim, the whim of the president.
• 37:05
  Speaker 1: They're playing power games. They're showing the Ukrainians that they
• 37:08
  Speaker 1: can do what they want. Overnight, 16 ballistic missiles, 200
• 37:12
  Speaker 1: drones were launched against Ukraine. Energy hit in 11 regions,
• 37:18
  Speaker 1: energy facilities. 550,000 families without power. And, yeah, I mean,
• 37:29
  Speaker 1: civilians killed and inferred to women. Seven children were injured.
• 37:34
  Speaker 1: And you can, you know, nobody is going to mention
• 37:38
  Speaker 1: the killing of children in Ukraine. Nobody cares because it's
• 37:41
  Speaker 1: Russians doing it. Rubio, it was a software program in
• 37:48
  Speaker 1: the warning system. We're not denying, we're not pausing any
• 37:54
  Speaker 1: warning system. It's not us. We didn't do it. It's
• 37:56
  Speaker 1: a software. It's AI software. Unbelievable. I mean, here's the pattern.
• 38:12
  Speaker 1: The United States is clearly throttling the ability of Ukraine
• 38:15
  Speaker 1: to defend itself. Trump said over the weekend, Zelensky doesn't
• 38:19
  Speaker 1: want to end this war and probably never did. Because
• 38:23
  Speaker 1: he benefits too much from the war, according to Trump.
• 38:25
  Speaker 1: I mean, long, true social post, slamming Zelensky. Has he
• 38:30
  Speaker 1: ever slammed Putin? Has he ever said anything negative about Putin?
• 38:34
  Speaker 1: I mean, God. You know, anybody who used to support
• 38:45
  Speaker 1: or supports Trump, still supports Trump, willing to condemn his
• 38:50
  Speaker 1: treatment of Putin and Zelensky. Anybody out there? To show
• 38:58
  Speaker 1: that you've not been completely zombified? Zombified, I like that term, zombified.
• 39:06
  Speaker 1: Trump zombie syndrome? Rubio, in an interview, oh, this was
• 39:14
  Speaker 1: about one region. Putin only wants to ask. That's why,
• 39:19
  Speaker 1: you know, he launched an attack on Kiev in the
• 39:22
  Speaker 1: opening days of the war, right? I mean, Russia holds
• 39:27
  Speaker 1: all of the risk except 11%. and Ukraine has one
• 39:32
  Speaker 1: last defensible positions and if those fail he's got a
• 39:37
  Speaker 1: straight drive to Kiev like the first time but the
• 39:44
  Speaker 1: reality is Russia's made it clear what it considers victory
• 39:48
  Speaker 1: Inconsistent victory, the complete annihilation of Ukraine, complete subjugation of Ukraine.
• 39:54
  Speaker 1: They call it denazification. Finally, a Republican from Pennsylvania, Fitzpatrick,
• 40:10
  Speaker 1: came out and criticized the administration. Indirectly. Anyone who limits
• 40:16
  Speaker 1: Starshield for Ukraine will be fully investigated and held fully accountable,
• 40:20
  Speaker 1: he says. I'll believe it when I see it. Public
• 40:24
  Speaker 1: oversight hearings, he talks about budget cuts to any responsible agency.
• 40:30
  Speaker 1: He says we must not import a single drop of
• 40:32
  Speaker 1: Russian oil. It's only diesel, it's not oil. He says,
• 40:39
  Speaker 1: you know, all of this will pass the House by
• 40:42
  Speaker 1: an overwhelming margin. We will see. We will see. Look,
• 40:57
  Speaker 1: this is the reality. The Trump administration is buying the
• 41:01
  Speaker 1: aggressive diesel. Trump waived the sanctions. Congress just passed. He's
• 41:09
  Speaker 1: throttling Ukraine's drones. He's demanded that Ukraine stop defending itself
• 41:14
  Speaker 1: by hitting refineries. that are funding the war against it.
• 41:19
  Speaker 1: He lets warning lapse when the barrages are particularly big.
• 41:27
  Speaker 1: And when Zelensky complains, he says, oh, he just wants
• 41:32
  Speaker 1: the war. He doesn't want to end this war. He
• 41:34
  Speaker 1: just wants it to keep going. I think pushing Ukraine
• 41:44
  Speaker 1: to surrender is exactly what Trump is doing, is exactly
• 41:48
  Speaker 1: what Trump wants. It's exactly what his puppet master, Putin,
• 41:52
  Speaker 1: wants him to do. And I call him puppet master.
• 41:56
  Speaker 1: I don't know what's going on, but you have to
• 41:59
  Speaker 1: look at the evidence. You have to look at his
• 42:01
  Speaker 1: behavior and you have to conclude he has something on him.
• 42:06
  Speaker 1: Every time Trump gets a little tough, Putin calls him
• 42:10
  Speaker 1: and he backs off. He signed the bill for sanctions.
• 42:14
  Speaker 1: Putin called him on Friday, backs off. Now he backs off,
• 42:17
  Speaker 1: starts buying the oil himself. And then Rubio, cowardly, pathetic, small, little,
• 42:26
  Speaker 1: and I mean small and little, you know, from perspective
• 42:31
  Speaker 1: of character and soul. Oh, it's just a boundary dispute.
• 42:36
  Speaker 1: It's just they can't agree on the border, don't ask.
• 42:41
  Speaker 1: What a wimp. What a coward. What a pathetic, miserable
• 42:47
  Speaker 1: human being. You know, once in a while he says
• 42:52
  Speaker 1: something and I go, okay, well, maybe under certain circumstances
• 42:56
  Speaker 1: one could vote for him. God, at least, at least, J.D.
• 43:02
  Speaker 1: Vance is honest. We know what he wants. We know
• 43:06
  Speaker 1: what he cares about. We know what he stands for.
• 43:10
  Speaker 1: This Rubio guy, he's just, he's the slickest, biggest liar
• 43:18
  Speaker 1: in Washington, D.C. I think he lies more often than
• 43:23
  Speaker 1: the president because he has to keep up with the president. Anyway,
• 43:30
  Speaker 1: we'll see if it's Patrick, the Republican from Pennsylvania, is
• 43:35
  Speaker 1: the first crack and other Republicans will start criticizing this
• 43:38
  Speaker 1: administration or whether they're all cowards. Like, like Rubio. We
• 43:45
  Speaker 1: will see. All right. Um, God. All right. Uh, if
• 43:54
  Speaker 1: you're going to ask questions, cause today's new show, I
• 43:56
  Speaker 1: want it to be short because I've got the short seven,
• 43:59
  Speaker 1: $ 20 questions guys. And we're way behind on the two
• 44:02
  Speaker 1: 50 target. So $ 20 questions, $ 50 questions. Uh, Let's limit
• 44:08
  Speaker 1: the $ 5, $ 10, $ 2 questions if we can, just because
• 44:13
  Speaker 1: time is short and fundraising requires. There was an op-ed today,
• 44:32
  Speaker 1: a guest article in the New York Times today by Kasparov,
• 44:37
  Speaker 1: Garry Kasparov, the, you know, some claim the greatest chess
• 44:42
  Speaker 1: player who's ever lived, and the guy who got beaten by,
• 44:48
  Speaker 1: was a deep blue in chess, but certainly a great, great,
• 44:52
  Speaker 1: great chess player. Garry Kasparov is also a real fighter
• 44:56
  Speaker 1: for freedom. So I have a huge amount of respect
• 44:58
  Speaker 1: for him. I met him once, and I'm an admirer
• 45:02
  Speaker 1: of his. He stood up to Putin He's very anti
• 45:06
  Speaker 1: the Putin regime in Russia. He's generally pro-liberty and pro-freedom.
• 45:12
  Speaker 1: And just all around, from the commentary I see of him,
• 45:16
  Speaker 1: I follow him on Twitter. As I said, I attended
• 45:19
  Speaker 1: a small talk that he gave, a talk with a
• 45:21
  Speaker 1: small audience, and I got introduced and I got to
• 45:23
  Speaker 1: chat with him a little bit. He is an impressive
• 45:25
  Speaker 1: guy who, again, I respect and admire. He lives under
• 45:30
  Speaker 1: a constant death threat from Putin. And you've got to
• 45:35
  Speaker 1: know that that takes courage to keep fighting in spite
• 45:38
  Speaker 1: of that. Anyway, he had a good editorial four days
• 45:42
  Speaker 1: ago in the New York Times, an op-ed in the
• 45:45
  Speaker 1: New York Times, basically chastising Israel for its, if you will,
• 45:53
  Speaker 1: founding sin, founding compromise that is, I think, destroying Israel
• 46:01
  Speaker 1: from within today. and I think constitutes actually the greatest
• 46:08
  Speaker 1: threat to the viability of the state of Israel in
• 46:11
  Speaker 1: the future is this. It's not Hamas. It's not the
• 46:18
  Speaker 1: Islamists because Israel knows what to do with them. It
• 46:22
  Speaker 1: knows how to defend itself against them. The compromises are
• 46:28
  Speaker 1: made in its founding, and the compromises it continues to
• 46:32
  Speaker 1: make And one of the main reasons, again, I oppose
• 46:37
  Speaker 1: Netanyahu is the compromises he made are the compromises with religion,
• 46:44
  Speaker 1: and in particular with the ultra-Orthodox in Israel. Now look,
• 46:54
  Speaker 1: as Gary Gaspard mentions, the American founders founded this country
• 46:59
  Speaker 1: on a massive moral compromise. But you have to pay
• 47:04
  Speaker 1: for moral compromises. Moral compromises do not end well, or
• 47:10
  Speaker 1: compromises on principles do not end well. If you compromise
• 47:15
  Speaker 1: on individual rights, which the founders did, the consequence of that,
• 47:20
  Speaker 1: 84 years later, a civil war in which 600,000 Americans die.
• 47:27
  Speaker 1: And in many ways, the damage we still suffer from today. Well,
• 47:35
  Speaker 1: when Israel was founded in 1948, Ben-Gurion, the founding prime
• 47:40
  Speaker 1: minister of Israel, made his version of a compromise on
• 47:46
  Speaker 1: principle with the Haredim, the ultra-Orthodox Jews who were living
• 47:52
  Speaker 1: at the time in Israel, many of whom objected to
• 47:57
  Speaker 1: the very founding of the state of Israel, because the
• 48:00
  Speaker 1: idea basically is that Israel should not be a secular state.
• 48:06
  Speaker 1: It cannot be founded as a secular state. Indeed, the
• 48:09
  Speaker 1: Messiah comes first, and only then do the people of
• 48:13
  Speaker 1: Israel establish the third temple and go back to Israel
• 48:18
  Speaker 1: and establish a state. So in order to get their
• 48:23
  Speaker 1: support for a secular Jewish state, or a mostly secular
• 48:27
  Speaker 1: Jewish state, he compromised. He gave them draft exemptions. Everybody
• 48:34
  Speaker 1: else in Israel participates in a draft. All men go
• 48:37
  Speaker 1: for three years, women two. The Haredis, no draft. At
• 48:43
  Speaker 1: the time, there was a few hundred yeshiva students. It
• 48:46
  Speaker 1: wasn't a big deal. The state would recognize and observe
• 48:51
  Speaker 1: certain religious laws, particularly relating to family law. And, you know,
• 48:59
  Speaker 1: in exchange, they would support the state. Now, you know,
• 49:05
  Speaker 1: there's no moral equivalency between Chabadim and slaveholders, but it's
• 49:12
  Speaker 1: the compromise on principle that unites them. The principle of
• 49:17
  Speaker 1: founding a secular state, which was what the intention of
• 49:21
  Speaker 1: Ben-Gurion and the Israeli founders was was compromised compromised in
• 49:29
  Speaker 1: order to bring in the ultra-religious just like slavery was
• 49:32
  Speaker 1: compromised on in order to bring in the southern states
• 49:36
  Speaker 1: and establish a new country And it's true that a
• 49:41
  Speaker 1: religious lifestyle can coexist within a free country. But that's
• 49:47
  Speaker 1: not what was given them. It wasn't just a religious lifestyle.
• 49:53
  Speaker 1: It was, you know, a real benefit at others' expense. Now,
• 50:02
  Speaker 1: the Haredim have grown. Their numbers have grown significantly since
• 50:07
  Speaker 1: the founding of the state. both because of immigration in,
• 50:12
  Speaker 1: but because they have a lot of children. They constitute
• 50:16
  Speaker 1: 14% of the population today. They get massive, massive government funding,
• 50:24
  Speaker 1: huge redistribution of wealth in their direction, which, you know,
• 50:29
  Speaker 1: this has been going on for a long, long, long time.
• 50:32
  Speaker 1: So this is not only Netanyahu's fault, but Netanyahu has
• 50:36
  Speaker 1: upped the stakes dramatically. over the last 15 years that
• 50:41
  Speaker 1: he has been prime minister. They get draft exemptions, and
• 50:45
  Speaker 1: they have outsized clout in the parliament because they often
• 50:53
  Speaker 1: are the people who determine who, which political parties will
• 50:59
  Speaker 1: form the government. These are political parties that are neither
• 51:02
  Speaker 1: left nor right. They don't care. They will form a
• 51:06
  Speaker 1: government with whoever will form a government with them and
• 51:08
  Speaker 1: give them what they want. They want subsidies, massive subsidies,
• 51:14
  Speaker 1: welfare subsidies for people who are completely able to work
• 51:18
  Speaker 1: but would prefer to study in the yeshiva. They want
• 51:21
  Speaker 1: draft exemptions. And they want control over marriage law, divorce law,
• 51:27
  Speaker 1: burial law, all run by them. They control. who counts
• 51:37
  Speaker 1: as Jewish. Now, you can marry outside of Israel. For example,
• 51:43
  Speaker 1: same-sex couples can marry outside of Israel, and the Israeli
• 51:46
  Speaker 1: state will recognize it. But they can't marry in Israel.
• 51:51
  Speaker 1: You can't have a secular wedding in Israel. You have
• 51:54
  Speaker 1: to go fly to Cyprus or fly to Europe, get
• 51:57
  Speaker 1: a secular wedding, and come back. And many, many public
• 52:00
  Speaker 1: services are shut down on Saturdays. which is a massive
• 52:07
  Speaker 1: inconvenience and a violation of rights of the millions, the
• 52:11
  Speaker 1: majority of Israelis, who do not observe the Shabbat laws,
• 52:15
  Speaker 1: do not observe the Shabbat customs of not driving and
• 52:18
  Speaker 1: not shopping and all of that stuff. Now, the draft
• 52:23
  Speaker 1: exemption became especially infuriating after October 7th, when reserve soldiers
• 52:34
  Speaker 1: were sent to the front for months on end. Did
• 52:37
  Speaker 1: not see, you know, rarely saw their families and had
• 52:41
  Speaker 1: a hard time preserving their jobs. And yet these Haredim
• 52:48
  Speaker 1: don't serve at all. Now, look, I ain't for ending
• 52:53
  Speaker 1: the draft in Israel. Always have been. But I ain't
• 52:57
  Speaker 1: for the rule of law. No exemptions based on your religion.
• 53:06
  Speaker 1: If you have a draft, everybody should serve. End a
• 53:10
  Speaker 1: draft for everybody. So, you know, I think Kasparov is
• 53:29
  Speaker 1: absolutely right. This is one of The biggest issues facing,
• 53:36
  Speaker 1: I think, Israel and Israel's future, maybe in many respects
• 53:40
  Speaker 1: the most important one. Again, I think Israel knows how
• 53:43
  Speaker 1: to deal, not fully, not completely, not rightly, but they
• 53:47
  Speaker 1: know basically how to deal with the threat, the external threat.
• 53:51
  Speaker 1: They have a strong military, and they know how to
• 53:53
  Speaker 1: use it. They fall asleep sometimes, but when they awaken,
• 53:58
  Speaker 1: they crush their enemies. They don't know how to deal
• 54:04
  Speaker 1: with these religionists inside. And Netanyahu has sold Israel's soul
• 54:10
  Speaker 1: to these people and has basically handcuffed his future to them.
• 54:17
  Speaker 1: It's clear that if he wins, they're with him. Indeed,
• 54:23
  Speaker 1: members of his own political party, the Likud, senior members
• 54:27
  Speaker 1: within the political party, people, center-right people who support Netanyahu generally,
• 54:33
  Speaker 1: have left the party because of his support for these religionists.
• 54:41
  Speaker 1: And it's not just the Haredi. There is, of course,
• 54:46
  Speaker 1: this whole religious nationalist, which is a completely different segment
• 54:50
  Speaker 1: of the population. They do serve in the military. But
• 54:54
  Speaker 1: they are religious fascists. And they do care who they
• 54:59
  Speaker 1: form a government with. And they... are given protection and
• 55:05
  Speaker 1: cover by the Haredim and by Netanyahu. So definitely encourage
• 55:15
  Speaker 1: you to read the Kasparov editorial. Remember, as he closes,
• 55:20
  Speaker 1: he closes it by saying he grew up where communist
• 55:22
  Speaker 1: thugs enforced atheism and suppressed Jewish culture. And of course,
• 55:27
  Speaker 1: he doesn't want that. He wants equality before the law.
• 55:30
  Speaker 1: I agree with him. He says, you know, Israel cannot
• 55:35
  Speaker 1: go on half-theocratic, half-secular. It needs to choose. It needs
• 55:41
  Speaker 1: to be principled. And this election is an opportunity to choose.
• 55:50
  Speaker 1: There are significant political parties out there who have committed
• 55:54
  Speaker 1: not to joining a government with the ultra-Orthodox. Indeed, as
• 56:00
  Speaker 1: I said, if you get rid of Netanyahu, The Likud,
• 56:03
  Speaker 1: the center-right political party, the Likud that he heads, would
• 56:07
  Speaker 1: easily join a party with other center-right and center-political parties
• 56:11
  Speaker 1: that excluded the Haredis, excluded the right-wing nationalists, excluded the
• 56:16
  Speaker 1: socialists and the leftists. Whoops, what is going on here?
• 56:28
  Speaker 1: And would resent the vast majority of Israelis. but as
• 56:36
  Speaker 1: long as Netanyahu is there, he won't let that happen.
• 56:39
  Speaker 1: He won't let that happen. Um, yeah. So again, good essay, uh,
• 56:49
  Speaker 1: encourage you to read it because Paul is a good guy. Uh,
• 56:53
  Speaker 1: you should probably follow him or, you know, on Twitter
• 56:55
  Speaker 1: or whatever, wherever you, your social media you're on. Um, and, um, Yeah, sadly,
• 57:02
  Speaker 1: you know, everybody in Israeli politics is to blame for
• 57:06
  Speaker 1: the Haredi rise. But Netanyahu in modern history, because he's
• 57:13
  Speaker 1: dominated Israeli politics in modern history more than anyone else.
• 57:19
  Speaker 1: All right, let's see. Let's do this quickly. We've got
• 57:22
  Speaker 1: a quick stories about Iran. So right now there are
• 57:28
  Speaker 1: no tankers docked at Karag Island. That's been true for
• 57:32
  Speaker 1: 40 days. It's the longest idle stretch of the war.
• 57:36
  Speaker 1: Iran used to export 1 million barrels per day as
• 57:41
  Speaker 1: recently as July. Since late August, they've exported nothing. In
• 57:45
  Speaker 1: that sense, Trump's blockade has worked. Not sure why it
• 57:51
  Speaker 1: wasn't done on day one of the war. Chinese refiners.
• 58:04
  Speaker 1: who used to buy all the Iranian oil are now
• 58:07
  Speaker 1: competing for other crude oil and for ships. And freight
• 58:15
  Speaker 1: is on a stark rally. You can make a lot
• 58:17
  Speaker 1: of money shipping oil right now. Now Iran is attacking
• 58:23
  Speaker 1: a lot of boats. 25 ships targeted in the first
• 58:26
  Speaker 1: two weeks of October versus 18 in all of September.
• 58:31
  Speaker 1: One of those ships was sunk. The Washington Post reports
• 58:35
  Speaker 1: that anonymous Iranian officials are saying that Tehran is timing
• 58:40
  Speaker 1: the Hormuz attacks to the November 3rd midterms to push
• 58:44
  Speaker 1: energy prices up and hurt Trump. Kepler, which is an
• 58:51
  Speaker 1: oil tracking service, tracks these ships, puts the war risk
• 58:55
  Speaker 1: premium at $ 30 a barrel. We talked about this last week.
• 59:01
  Speaker 1: But it's also true that it's quite possible that very
• 59:05
  Speaker 1: soon Iran will not be able to pay its own.
• 59:10
  Speaker 1: own IRGC soldiers because it will basically run out of money. Now,
• 59:14
  Speaker 1: it can keep printing it, but inflation is already out
• 59:17
  Speaker 1: of control in Iran. Now, you know, every day there's
• 59:24
  Speaker 1: another story. There's constant reports of a breakthrough. in negotiations
• 59:30
  Speaker 1: between Iran and the United States, brokered by Qatar and Pakistan.
• 59:35
  Speaker 1: All prices are zigzagging as a consequence, up, down, up, down, up, down,
• 59:39
  Speaker 1: with the particular rumors that are happening. So, you know,
• 59:53
  Speaker 1: I mean, what we're seeing is The blockade works, and
• 59:58
  Speaker 1: the U.S. Navy is capable of getting ships out in
• 1:00:02
  Speaker 1: spite of all the attacks. Oil is coming out of
• 1:00:05
  Speaker 1: the Gulf, just not from Iran. There is a $ 30 premium,
• 1:00:12
  Speaker 1: but that's, in a sense, an IRGC tax, but it
• 1:00:15
  Speaker 1: doesn't go to the IRGC. It is trying to influence
• 1:00:22
  Speaker 1: the election. I think it is influencing the election. whether
• 1:00:26
  Speaker 1: directly or indirectly. And, you know, this war should have
• 1:00:30
  Speaker 1: been ended six months ago. Six months ago. Should have won.
• 1:00:36
  Speaker 1: Gone away. All right. Let's see. Okay. This is going
• 1:00:49
  Speaker 1: to be a few short ones, and then we'll get
• 1:00:51
  Speaker 1: to the achievements later. In Israel, police arrested 10 settlers
• 1:00:58
  Speaker 1: over Friday's assault on a Washington Post journalist, photojournalist. We're
• 1:01:04
  Speaker 1: talking about broken ribs, fractured vertebrae, nearly dislodged finger. Her
• 1:01:09
  Speaker 1: name was Heidi Levine. This was near Ramallah. And then
• 1:01:12
  Speaker 1: there was another attack on a convoy of European diplomats
• 1:01:16
  Speaker 1: and a French mayor. They'd been charged with violence and
• 1:01:20
  Speaker 1: illegal construction. Katz, the defense secretary, has also ordered a
• 1:01:28
  Speaker 1: West Bank policing plan. Pro-settler ministers won't call it terrorism,
• 1:01:36
  Speaker 1: but Netanyahu did condemn it. Too little, too late? I mean,
• 1:01:41
  Speaker 1: give me a break. These settlers have been out of
• 1:01:43
  Speaker 1: control for years now. Arresting 10 is not going to
• 1:01:49
  Speaker 1: change it. There are probably 200 of them. They need
• 1:01:52
  Speaker 1: to be rounded up. and they need to be taken
• 1:01:55
  Speaker 1: off the land that they've illegally occupied, and they need
• 1:02:01
  Speaker 1: to be aggressively persecuted for the rights violation that they
• 1:02:06
  Speaker 1: had committed. And until Israel does that, it is challenging
• 1:02:13
  Speaker 1: to defend it when the government supports rights violators who
• 1:02:21
  Speaker 1: are violent. and who are religious fanatics, then how can
• 1:02:33
  Speaker 1: I argue that it is a right-respecting government? It needs
• 1:02:40
  Speaker 1: to shut this down. And this is another reason why
• 1:02:43
  Speaker 1: Netanyahu has to go, because he hasn't shut it down.
• 1:02:46
  Speaker 1: He refused to shut it down. Now he's arresting 10
• 1:02:49
  Speaker 1: because something horrible happened. Too little, too late. The Department
• 1:02:59
  Speaker 1: of Homeland Security is expected to extend temporary status for 100,000
• 1:03:01
  Speaker 1: Ukrainians for six months. This is after they extended it
• 1:03:07
  Speaker 1: for El Salvadorian asylum seekers last month. It came at
• 1:03:14
  Speaker 1: the last minute. So, you know, that's good. 100,000 people
• 1:03:20
  Speaker 1: can keep their working status at least for a little while. Now,
• 1:03:24
  Speaker 1: what that does... You know, in terms of swing states
• 1:03:28
  Speaker 1: and voting, I don't know how that affects and why
• 1:03:30
  Speaker 1: they're doing it, but there we go. Prosecuted, not persecuted.
• 1:03:36
  Speaker 1: Sorry I said persecuted. I mean prosecuted. Always get those
• 1:03:39
  Speaker 1: two mixed up. In Brazil, Flavio Bolsonaro is leading in
• 1:03:43
  Speaker 1: the polls, somewhere between 50.3 to 9.7, or another poll
• 1:03:46
  Speaker 1: was 51.1 to 48.9. Both are within... Margin of error.
• 1:03:54
  Speaker 1: So it's going to be it's going to be interesting
• 1:03:57
  Speaker 1: to see what happens. I will be in Brazil when
• 1:03:59
  Speaker 1: it's happening. I will try to do a show the
• 1:04:04
  Speaker 1: day it's happening or the day after and report on
• 1:04:07
  Speaker 1: the election in Brazil. I think these are really, really
• 1:04:09
  Speaker 1: important elections. And I very, very, very much hope that
• 1:04:13
  Speaker 1: Bolsonaro that sorry, that Lula loses. I was going to
• 1:04:17
  Speaker 1: say Bolsonaro wins, but I don't know if Bolsonaro wins.
• 1:04:19
  Speaker 1: I hope Lula loses, and, you know, it's again, I
• 1:04:23
  Speaker 1: hope Republicans lose. I don't hope Democrats win. I get
• 1:04:27
  Speaker 1: it that the one necessitates the other, but it's where
• 1:04:32
  Speaker 1: my focus and emphasis is. All right, what else did
• 1:04:36
  Speaker 1: I want to do? Oh, yeah, well, I mean, we'll
• 1:04:39
  Speaker 1: talk more about this in the future, but Anthropic has
• 1:04:42
  Speaker 1: pledged 5% of its shares to a, quote, public good fund.
• 1:04:47
  Speaker 1: with top-ups as value rises. It will pay direct distributions
• 1:04:53
  Speaker 1: to specific populations, whoever the hell those are. Am I
• 1:04:57
  Speaker 1: going to get any? Shareholder votes is needed. IPO is
• 1:05:01
  Speaker 1: reportedly in November. Musk, also not to be left out
• 1:05:06
  Speaker 1: of the philanthropic push, Musk has said that he is
• 1:05:11
  Speaker 1: going to give one SpaceX share to every American kid
• 1:05:16
  Speaker 1: next year. I'm not sure how you operationalize that, how
• 1:05:19
  Speaker 1: that exactly is going to happen. It's going to be $ 10. 7
• 1:05:23
  Speaker 1: billion it's going to cost him, at least right now,
• 1:05:26
  Speaker 1: given the value of the shares. And he says that
• 1:05:29
  Speaker 1: is the first of many. That is his idea for
• 1:05:33
  Speaker 1: philanthropy is to just give children SpaceX shares. Not a
• 1:05:38
  Speaker 1: bad idea. Of all the ways you want to do philanthropy,
• 1:05:42
  Speaker 1: give kids a stake in the future of American business
• 1:05:47
  Speaker 1: is not a bad way to do it. Lots of
• 1:05:50
  Speaker 1: questions about the anthropic, who's going to govern this $ 48
• 1:05:53
  Speaker 1: billion fund, who's going to get the money, and everything else. But,
• 1:05:59
  Speaker 1: you know, we will talk about that. And why? Why? Why?
• 1:06:02
  Speaker 1: I mean, I thought they needed this money to grow
• 1:06:07
  Speaker 1: the company. I thought that's what it was all about.
• 1:06:09
  Speaker 1: They needed to invest in the future. And just as
• 1:06:15
  Speaker 1: a quick side note, Syria, you remember the president of
• 1:06:19
  Speaker 1: Syria visited the U.S.? He's Trump's best friend. He's really,
• 1:06:25
  Speaker 1: really friendly towards Trump. Trump is very friendly towards him. Well,
• 1:06:30
  Speaker 1: it turns out that they've replaced the textbooks in Syria.
• 1:06:34
  Speaker 1: They've taken out all the pan-Arab nationalism that existed in
• 1:06:39
  Speaker 1: the textbooks under Assad. And they've replaced it with jihad
• 1:06:45
  Speaker 1: and martyrdom and anti-Semitic stereotypes and a rejection of evolutionary theory.
• 1:06:52
  Speaker 1: The Kurds and the Jews not mentioned at all. So, yeah,
• 1:06:58
  Speaker 1: this is the friend the United States now has in
• 1:07:02
  Speaker 1: the Middle East. All right, quick ones on achievement. This
• 1:07:07
  Speaker 1: is kind of cool. You know, people sending money overseas,
• 1:07:12
  Speaker 1: particularly remittances, usually have to go to, I don't know,
• 1:07:17
  Speaker 1: Western Union or MoneyGram and send the money that way,
• 1:07:23
  Speaker 1: huge fee, 6% fee fee. It's a hassle. I've been
• 1:07:27
  Speaker 1: trying to pay some vendors in Europe for the Iran
• 1:07:31
  Speaker 1: book show, and it's so difficult. The banks make it so,
• 1:07:35
  Speaker 1: so difficult to transfer money overseas, particularly if you're a business. Well,
• 1:07:43
  Speaker 1: the market has come up with a solution. If the
• 1:07:45
  Speaker 1: government will stay out of the way, the market will
• 1:07:47
  Speaker 1: come up with a solution. Stablecoin transfers and WISE, W-I-S-E,
• 1:07:53
  Speaker 1: WISE is a new service. to facilitate transfers of money
• 1:07:58
  Speaker 1: across country lines, which I've been using to pay those
• 1:08:01
  Speaker 1: vendors in Europe. Anyway, both companies are pulling customers from
• 1:08:07
  Speaker 1: Western Union and MoneyGram. As a consequence, Western Union is,
• 1:08:14
  Speaker 1: you know, down 70% its stock year over year. Sorry,
• 1:08:18
  Speaker 1: over five years. Down 10% year over year. 70% over
• 1:08:22
  Speaker 1: the last five years. MoneyGram down 9%. Now, both are
• 1:08:29
  Speaker 1: now launching their own stablecoins, one in Colombia and in
• 1:08:35
  Speaker 1: El Salvador. You know, stablecoins are a beautiful mechanism to
• 1:08:43
  Speaker 1: move money across state lines. You know, we can get
• 1:08:46
  Speaker 1: to what stablecoins are and how they work another time.
• 1:08:49
  Speaker 1: But basically, it's a way to move money without taking risk.
• 1:08:58
  Speaker 1: So yes, a 6% fee survived 10 years because the
• 1:09:02
  Speaker 1: incumbents didn't face any competition. And the industry is heavily, heavily,
• 1:09:07
  Speaker 1: heavily regulated with massive compliance walls. Well, somebody's figured out
• 1:09:13
  Speaker 1: a way around those compliance laws where customers can choose
• 1:09:17
  Speaker 1: how they do this. using alternatives, and the incumbents are
• 1:09:22
  Speaker 1: copying because it's the only way for them to survive.
• 1:09:27
  Speaker 1: All right, we're going to skip that. We're going to
• 1:09:33
  Speaker 1: skip that. Yeah, all right. I'll just note that supposedly
• 1:09:39
  Speaker 1: on United flights, I'm going to fly United in the
• 1:09:41
  Speaker 1: near future, so I'll report firsthand. On United flights these days,
• 1:09:47
  Speaker 1: They're using Starlink for their Wi-Fi, and this has resulted
• 1:09:52
  Speaker 1: in a lot of frequent flyers from other airlines switching
• 1:09:56
  Speaker 1: to United. Delta is refusing to use Starlink, and that
• 1:10:02
  Speaker 1: refusal might cost it a lot of customers. Now, we'll see.
• 1:10:06
  Speaker 1: Maybe Delta will find a better service provider, but so
• 1:10:11
  Speaker 1: far people seem to be super happy with with Starlink
• 1:10:15
  Speaker 1: on United. So I'm yet to try it. I'm looking
• 1:10:18
  Speaker 1: forward to trying it. All right, guys, that is the
• 1:10:22
  Speaker 1: news for this October 19th. Uh, and, uh, thank you. Uh,
• 1:10:30
  Speaker 1: thank you for all of you for being here. Thank
• 1:10:33
  Speaker 1: you for all the super chatters that have asked questions
• 1:10:36
  Speaker 1: so far. Um, I'm going to go through these questions.
• 1:10:39
  Speaker 1: I want to remind you again that at seven o'clock
• 1:10:42
  Speaker 1: I will be interviewing Duncan Scott about the movie. We,
• 1:10:45
  Speaker 1: the living, uh, and, uh, and the, the, the improved and, uh,
• 1:10:51
  Speaker 1: the improved version of that, uh, of that, um, of,
• 1:10:54
  Speaker 1: of the movie. Uh, and, um, And the showing of
• 1:10:59
  Speaker 1: the movie, the tour that is happening in Australia where
• 1:11:03
  Speaker 1: the movie will be shown in, I think, four different cities.
• 1:11:06
  Speaker 1: So that is coming at 7 p.m. tonight. So please
• 1:11:14
  Speaker 1: come back for that, right? All right, I'll remind you,
• 1:11:19
  Speaker 1: the Ayn Rand Institute, you've got the Ayn Rand Institute app.
• 1:11:22
  Speaker 1: It has all of Leonard Peikoff's work. It has a
• 1:11:24
  Speaker 1: bunch of Ayn Rand lectures and articles. It has a
• 1:11:29
  Speaker 1: new course, 12-hour course, with Don Watkins and myself on capitalism,
• 1:11:34
  Speaker 1: never been seen before. You can access that, all of
• 1:11:37
  Speaker 1: it for free. All you have to do is go
• 1:11:39
  Speaker 1: to Google App or App Store or Apple App Store
• 1:11:43
  Speaker 1: and download the Ayn Rand Institute app. And you, too,
• 1:11:49
  Speaker 1: can access all this information for free. Alex Epstein is
• 1:11:53
  Speaker 1: the number one commentator today on all things energy, environmental regulation,
• 1:11:57
  Speaker 1: permitting laws, and now data centers and the fight to
• 1:12:05
  Speaker 1: keep data center construction going. Alex, you should sign up
• 1:12:09
  Speaker 1: for his newsletter. It's incredibly informative. You will learn a lot.
• 1:12:13
  Speaker 1: You will gain talking points to be able to deal
• 1:12:16
  Speaker 1: with obnoxious family members over the holidays who are still
• 1:12:20
  Speaker 1: clinging on to climate change or more likely these days
• 1:12:24
  Speaker 1: just hate data centers. Alex will give you the data,
• 1:12:28
  Speaker 1: will give you the talking points on how to deal
• 1:12:30
  Speaker 1: with those family members over Thanksgiving and Christmas. So, yes,
• 1:12:34
  Speaker 1: go to alexepstein.substack.com. All right. Let's jump in here with, um,
• 1:12:41
  Speaker 1: the $ 50 questions and the $ 20 questions, and then we'll
• 1:12:44
  Speaker 1: move on to the five and two. There are no
• 1:12:47
  Speaker 1: $ 10 questions, five and $ 2 questions. Oh, I also wanted
• 1:12:49
  Speaker 1: to thank the sticker people. We have got Roland. Thank you.
• 1:12:53
  Speaker 1: We've got exploring Simon. Thank you. And, uh, we've got, uh, Josh.
• 1:13:00
  Speaker 1: Thank you. And Mary Aline. Thank you. And, and, and, and, and,
• 1:13:05
  Speaker 1: and yeah, Bonnie and, uh, Jonathan Honing. So thank you guys.
• 1:13:10
  Speaker 1: Really appreciate it. And feel free, particularly stickers right now.
• 1:13:15
  Speaker 1: We've got 133 watching live here on YouTube. YouTube, where
• 1:13:19
  Speaker 1: you can do Super Chat. If you're on Twitter or
• 1:13:21
  Speaker 1: on Twitch and you'd like to support the One Book Show,
• 1:13:24
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• 1:13:26
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• 1:13:30
  Speaker 1: one of those platforms. Or you can jump over right
• 1:13:33
  Speaker 1: now to YouTube and do a sticker. Value for value.
• 1:13:37
  Speaker 1: I produce the shows. Prep. Do the research. Try to
• 1:13:43
  Speaker 1: make sure that what I'm reporting is actually true. And
• 1:13:48
  Speaker 1: all you do, you pay for my time. You pay
• 1:13:51
  Speaker 1: for my time and knowledge and efforts and expertise and
• 1:13:54
  Speaker 1: all of that stuff. Value for value. You get a value. Reciprocate.
• 1:14:00
  Speaker 1: All right. Michael, who reciprocates in spades. The chance of J.D.
• 1:14:06
  Speaker 1: Vance winning are exactly zero. Trump is the cult of personality.
• 1:14:11
  Speaker 1: MAGA begins and ends with him. If Hitler had stepped down,
• 1:14:16
  Speaker 1: there's no way Himmler or Goering could have pulled off
• 1:14:18
  Speaker 1: World War II. Well, I think you're way, way too optimistic.
• 1:14:26
  Speaker 1: It's true that J.D. Vance does not have the charisma
• 1:14:30
  Speaker 1: that Trump, for some reason, bizarre reason, has. But here's
• 1:14:34
  Speaker 1: what J.D. Vance has going for him. What J.D. Vance
• 1:14:38
  Speaker 1: has going for him is the Democratic Party. The Democratic
• 1:14:43
  Speaker 1: Party can be so stupid, so self-destructive, so anti-American, so
• 1:14:52
  Speaker 1: anti-American kind of sensibilities that just like there's a backlash
• 1:14:58
  Speaker 1: right now against Trump, there could very well be a
• 1:15:02
  Speaker 1: backlash against trans and against, woke and against, you know,
• 1:15:08
  Speaker 1: I don't know, whatever, you know, letting in everybody across
• 1:15:14
  Speaker 1: the border, which is what the Democrats sometimes argue for,
• 1:15:19
  Speaker 1: not really, or what the traitors argue for and what
• 1:15:23
  Speaker 1: the Republicans hate. And a lot of Republicans will vote,
• 1:15:27
  Speaker 1: a lot of people will vote for the Republicans to
• 1:15:29
  Speaker 1: avoid the craziness of the Democrats. Right. The more the
• 1:15:33
  Speaker 1: Democrats go with democratic socialism, the more people will adopt
• 1:15:40
  Speaker 1: nationalist socialism. And that's what Republicans have become. National socialists
• 1:15:45
  Speaker 1: have become Nazis, but they became nationalist socialists. And that's
• 1:15:50
  Speaker 1: much more appealing to people than democratic socialists, socialist socialists, communists.
• 1:15:57
  Speaker 1: The bigger PICA becomes, the more likely it is that J.D. Vance... Wins.
• 1:16:06
  Speaker 1: A lot of the Republican vote is a vote against.
• 1:16:13
  Speaker 1: Is a vote against. So I wouldn't be surprised at
• 1:16:17
  Speaker 1: all if J.D. Vance wins. Andrew, a two-part question, each $ 50.
• 1:16:23
  Speaker 1: Thank you, Andrew. I searched three minutes on YouTube for
• 1:16:27
  Speaker 1: central purpose references on YBS before Frustration Impatience won. I
• 1:16:33
  Speaker 1: assume their validity, though question whether they focus on the
• 1:16:38
  Speaker 1: concept or merely mention it. Regardless, I'm okay being wrong
• 1:16:41
  Speaker 1: to help fund YBS. Oh, this is the $ 100 he
• 1:16:44
  Speaker 1: supposedly owes me for the three mentions. Unemployment has reinforced
• 1:16:51
  Speaker 1: to me central purposes. I thought you weren't unemployed anymore. Yeah. Yeah.
• 1:16:57
  Speaker 1: Central Purpose's role in avoiding, as Rand might agree, a
• 1:17:01
  Speaker 1: life of neurotic drift. Yeah, you were watching Candace Owen.
• 1:17:06
  Speaker 1: It functions as a practical guide and psychological spiritual north star,
• 1:17:12
  Speaker 1: subconsciously directing one's time, energy, and emotions. Well, consciously. Why subconsciously?
• 1:17:19
  Speaker 1: I mean, having a central purpose is a conscious identification
• 1:17:24
  Speaker 1: that has to be constantly consciously integrated and appreciated and reinforced,
• 1:17:30
  Speaker 1: it won't happen by itself. I know lots of people
• 1:17:33
  Speaker 1: who have careers and are still muddled through and don't
• 1:17:35
  Speaker 1: know what to do and don't have that focus and
• 1:17:44
  Speaker 1: practical guide and psychological, spiritual North Star. They don't have that.
• 1:17:50
  Speaker 1: That needs conscious recognition and conscious reminders and conscious effort
• 1:17:59
  Speaker 1: So just having a career is not enough. It's thinking
• 1:18:03
  Speaker 1: about that career, integrating that career into the rest of
• 1:18:05
  Speaker 1: your life, understanding that integration, understanding why it's important. And,
• 1:18:13
  Speaker 1: you know, figuring out how that integration needs to work.
• 1:18:21
  Speaker 1: And yes, not having one can result in failure. Real
• 1:18:25
  Speaker 1: drift that even if you, let's say, you don't need
• 1:18:28
  Speaker 1: the money that comes from having a career, you need
• 1:18:32
  Speaker 1: the productive effort. You need the reinforcement to self-esteem. So
• 1:18:37
  Speaker 1: one of the biggest challenges of heirs of vast fortunes
• 1:18:41
  Speaker 1: is they don't need to work ever. But if they
• 1:18:45
  Speaker 1: don't work, they'll never earn the self-esteem. They'll, even if
• 1:18:52
  Speaker 1: they try hard, they'll suffer from neurotic drift. Their self-esteem
• 1:19:00
  Speaker 1: and their psychology will suffer. They won't know what to
• 1:19:06
  Speaker 1: do with their time. And they won't know, they won't
• 1:19:10
  Speaker 1: have validation for their own efficaciousness. Your efficaciousness, the validation
• 1:19:17
  Speaker 1: of your efficaciousness comes from, for most people, not everybody,
• 1:19:23
  Speaker 1: from the productive work that you do. Without that productive work,
• 1:19:29
  Speaker 1: it's very difficult to find a source for that reinforcement. It's,
• 1:19:35
  Speaker 1: you know, where do we use our mind? Our mind.
• 1:19:40
  Speaker 1: Our mind is our tools to survival. We need validation
• 1:19:43
  Speaker 1: that our minds are efficacious. Mostly at work. You can
• 1:19:48
  Speaker 1: find substitutes for work, but it's hard, and it requires
• 1:19:52
  Speaker 1: real effort and real focus. James. Oh, well, yeah, James, okay.
• 1:20:03
  Speaker 1: How does France exist with protests and riots almost every year?
• 1:20:07
  Speaker 1: How do you view living in Europe now? Are there
• 1:20:11
  Speaker 1: any countries you believe are still headed in the right
• 1:20:13
  Speaker 1: way on individualism, less racist views, and good economy? I mean,
• 1:20:20
  Speaker 1: how does Europe exist? I mean, 99.9% of the people
• 1:20:25
  Speaker 1: go to work every day. They produce, they create, they
• 1:20:27
  Speaker 1: build to the extent that the bureaucrats will allow them.
• 1:20:30
  Speaker 1: French economy struggles. It's growing very slowly. It's very difficult.
• 1:20:36
  Speaker 1: Cost of living is going up faster than real wages.
• 1:20:40
  Speaker 1: And it's very difficult in France to be an entrepreneur,
• 1:20:45
  Speaker 1: to be an innovator. But look, France, for example, has
• 1:20:47
  Speaker 1: the only European AI company of note. There's still entrepreneurs
• 1:20:53
  Speaker 1: in France. There's still the ability to create and produce
• 1:20:55
  Speaker 1: in France. France used to be an innovation leader when
• 1:20:58
  Speaker 1: it built the Concorde and when its automobiles like Citroën
• 1:21:03
  Speaker 1: were real innovative automobiles. and real cutting edge, that's all gone.
• 1:21:10
  Speaker 1: Even in tech, France used to lead, gone. I mean,
• 1:21:14
  Speaker 1: how do you view living in Europe? You know, you
• 1:21:16
  Speaker 1: have to pick and choose where you want to live
• 1:21:18
  Speaker 1: and why you want to live there. I wouldn't live
• 1:21:19
  Speaker 1: in France. I have no interest in living in France.
• 1:21:24
  Speaker 1: For a variety of reasons, I think Spain is better,
• 1:21:26
  Speaker 1: partially because of the weather, but also because I think
• 1:21:30
  Speaker 1: they have fewer riots and they have less of an
• 1:21:34
  Speaker 1: Islam problem. even though potentially they could have one, but
• 1:21:39
  Speaker 1: it's definitely less than France. I like Portugal. Portugal doesn't
• 1:21:43
  Speaker 1: have any Islam problem at all. But, you know, again,
• 1:21:47
  Speaker 1: both Spain and Portugal are very statist, very regulatory, and still,
• 1:21:53
  Speaker 1: you know, still significant socialist elements there. But there are
• 1:22:00
  Speaker 1: other countries in Europe that are doing better. Certainly Poland
• 1:22:03
  Speaker 1: is still doing quite well. It's not doing as well
• 1:22:07
  Speaker 1: as it could, not doing as well as it should.
• 1:22:09
  Speaker 1: And most of the deregulation and the free market efforts
• 1:22:12
  Speaker 1: were done in the 90s, and very few are done today, sadly.
• 1:22:17
  Speaker 1: But Poland's still growing. I think the Baltic states are
• 1:22:21
  Speaker 1: still growing quite nicely. The biggest problem with the Baltic
• 1:22:24
  Speaker 1: states is they have a long border with Russia and
• 1:22:27
  Speaker 1: they're tiny little countries. Look, Scandinavia is doing well. You
• 1:22:32
  Speaker 1: can complain about Scandinavia, but But particularly Sweden, and I
• 1:22:35
  Speaker 1: think Denmark, Sweden in particular has a very entrepreneurial society,
• 1:22:41
  Speaker 1: the most entrepreneurial in all of Europe. Government spending has
• 1:22:45
  Speaker 1: declined significantly since the early 1990s. Regulation has gone down.
• 1:22:50
  Speaker 1: So in spite of, I mean, this is why the
• 1:22:56
  Speaker 1: socialists want you to believe that that the model for
• 1:23:00
  Speaker 1: socialism is Scandinavia, because Scandinavia is a pretty cool place
• 1:23:02
  Speaker 1: to live if you're willing to tolerate the cold. It's
• 1:23:07
  Speaker 1: just that they're not socialists. But they've been very responsible
• 1:23:12
  Speaker 1: in terms of government debt compared to Germany and France,
• 1:23:15
  Speaker 1: particularly France and Italy and Spain. The northern European countries
• 1:23:18
  Speaker 1: have been quite responsible, the Netherlands and the Scandinavian countries.
• 1:23:24
  Speaker 1: So I think Scandinavia is probably the best place for entrepreneurship,
• 1:23:28
  Speaker 1: the best place for responsible governance. I think they've also
• 1:23:35
  Speaker 1: woken up to the dangers of Islamism in ways that
• 1:23:38
  Speaker 1: the rest of Europe hasn't, and they're really making efforts
• 1:23:42
  Speaker 1: to deal with it, both in places like Sweden and Denmark. So, yeah,
• 1:23:49
  Speaker 1: and as a consequence, crime in Sweden has declined dramatically
• 1:23:53
  Speaker 1: over the last few years, after it went way up
• 1:23:56
  Speaker 1: after the massive influx of immigration to, uh, Sweden in 2015.
• 1:24:02
  Speaker 1: So that would be how I would view it. And economically, again,
• 1:24:05
  Speaker 1: I think Northern Europe are much doing better. Um, and, and,
• 1:24:11
  Speaker 1: you know, in terms of less racist views, it's hard
• 1:24:16
  Speaker 1: to tell. I mean, I, I think Denmark doesn't, you know, it's,
• 1:24:19
  Speaker 1: it's far right. Racist political party is not close to,
• 1:24:24
  Speaker 1: you know, uh, uh, I think, you know, in Sweden,
• 1:24:29
  Speaker 1: the left and the center have basically adopted more controls
• 1:24:36
  Speaker 1: over immigration, particularly over Islamic immigration, that have taken some
• 1:24:43
  Speaker 1: of the wind out of the far right, and they
• 1:24:46
  Speaker 1: might not be about to win. All right, Amirkat. My
• 1:24:52
  Speaker 1: favorite word, German word, is... schadenfreude uh have a lot
• 1:24:59
  Speaker 1: more sympathy for the average iranian than i have for
• 1:25:03
  Speaker 1: the average frenchman these days um ps delete gaza yeah
• 1:25:09
  Speaker 1: schadenfreude is kind of a is is envy it's it's
• 1:25:12
  Speaker 1: uh it's the it's the relishing of somebody else's pain
• 1:25:16
  Speaker 1: and suffering um and uh uh yeah i i'm i'm
• 1:25:23
  Speaker 1: i'm with you you know i The average Iranian has
• 1:25:26
  Speaker 1: suffered a lot and deserves much better. Jennifer, Rush wrote
• 1:25:34
  Speaker 1: Bastiat Day over 50 years ago. Quote, lessons taught but
• 1:25:39
  Speaker 1: never learned. All around us, anger burns. 50 years later,
• 1:25:44
  Speaker 1: still haven't learned. Where is Voltaire when you need him? Yeah, remember, though,
• 1:25:49
  Speaker 1: even though they had Voltaire, not many, many years later...
• 1:25:55
  Speaker 1: They had the French Revolution and the guillotine. So Voltaire
• 1:25:58
  Speaker 1: didn't save them from that. And then, of course, 50
• 1:26:02
  Speaker 1: years ago, when Rush was writing this, fresh memories from
• 1:26:07
  Speaker 1: the 68 riots. So, yeah. Michael says, listening to Alice
• 1:26:15
  Speaker 1: Wiedel interview with BBC, I think her and the AFD
• 1:26:19
  Speaker 1: are basically Nazis. I don't think they're Nazis. She's a lesbian,
• 1:26:22
  Speaker 1: for example. So Alice Wiedel is a lesbian married to
• 1:26:26
  Speaker 1: a dark-skinned immigrant woman. So, you know, I don't think
• 1:26:31
  Speaker 1: that would quite go with Nazis. But they flirt with Nazism.
• 1:26:36
  Speaker 1: And certainly many of their members are sympathetic to the Nazis. Michael,
• 1:26:42
  Speaker 1: would your parents have been outraged if you decided not
• 1:26:46
  Speaker 1: to do military service? Yes, definitely outraged. Unhappy. Michael, after
• 1:26:56
  Speaker 1: the Yom Kippur War, did most Israelis think that was
• 1:27:00
  Speaker 1: the end? The Arab had given up or they thought
• 1:27:05
  Speaker 1: there would be a major wars every five to ten years?
• 1:27:08
  Speaker 1: I think they thought more likely that there would be
• 1:27:09
  Speaker 1: wars every five to ten years. I think they were
• 1:27:12
  Speaker 1: hopeful after the peace deal with Egypt that maybe it
• 1:27:17
  Speaker 1: was the end. But then they had the PLO and
• 1:27:21
  Speaker 1: they had Lebanon and they had, you know, the other problems.
• 1:27:25
  Speaker 1: And then, of course, from 1979, they had the Iranian threat.
• 1:27:30
  Speaker 1: But Iran was, in those days, far. Iran has just
• 1:27:33
  Speaker 1: become more and more and more of a threat over
• 1:27:35
  Speaker 1: the last 40, what, seven years. Michael, during the Enlightenment,
• 1:27:41
  Speaker 1: was there less of a missing link problem? Probably not,
• 1:27:46
  Speaker 1: partially because most people weren't engaged in abstract thinking during
• 1:27:52
  Speaker 1: the Enlightenment. It was the people who engaged in that
• 1:27:54
  Speaker 1: thinking during the Enlightenment were primarily intellectuals. And the thing
• 1:27:59
  Speaker 1: about the Enlightenment that's unique compared to today or any
• 1:28:02
  Speaker 1: other era is is the number of intellectuals who believed
• 1:28:06
  Speaker 1: and upheld the ideas of reason and individualism and political liberty.
• 1:28:12
  Speaker 1: It was a movement of intellectuals. And as I've said,
• 1:28:16
  Speaker 1: that's what changes the world. It's intellectuals. So if you
• 1:28:19
  Speaker 1: get a significant number of intellectuals, and maybe even the majority,
• 1:28:22
  Speaker 1: that's when you change the world. And that's what happened
• 1:28:25
  Speaker 1: during the Enlightenment. And then what happens is the people
• 1:28:31
  Speaker 1: who don't think abstractly Just follow what the intellectuals tell
• 1:28:34
  Speaker 1: them because they just follow. Iron Maker says, I support
• 1:28:40
  Speaker 1: the two-state solution with Paris as a shared capital. I
• 1:28:44
  Speaker 1: think that already exists. Time says Ted Cruz is struggling.
• 1:28:56
  Speaker 1: Is struggling to to hire staffers. I mean, concerns about
• 1:29:00
  Speaker 1: his growing prominence of groipers within Republican political circles, according
• 1:29:05
  Speaker 1: to the Wall Street Journal. Yeah, I'm not surprised. Ted
• 1:29:07
  Speaker 1: Cruz is now an enemy of the groipers because he
• 1:29:10
  Speaker 1: has actually stood up to Tucker. Good for Ted Cruz.
• 1:29:13
  Speaker 1: He's regained a little bit of my respect. I would
• 1:29:17
  Speaker 1: vote for Ted Cruz over Rubio any day. I mean,
• 1:29:21
  Speaker 1: without any question. So, but he has alienated the future
• 1:29:28
  Speaker 1: of the Republican Party, which are the Groypers. So it's
• 1:29:31
  Speaker 1: going to be a problem for him moving forward and
• 1:29:34
  Speaker 1: a very, very sad statement for the Republican Party. Thoughts
• 1:29:39
  Speaker 1: on the Foundation for Defense of Democracies, FDD, and Mark Dubowich.
• 1:29:44
  Speaker 1: I can't remember names. So, you know, I don't have deep,
• 1:29:50
  Speaker 1: you know, I don't have a huge amount of thoughts
• 1:29:51
  Speaker 1: on them. Okay, so I don't really follow Mark. So
• 1:29:57
  Speaker 1: I don't know, but the Foundation for Defense of Democracy
• 1:30:00
  Speaker 1: does some good work. I agree with some of its stuff.
• 1:30:03
  Speaker 1: There's a bunch of stuff that I don't particularly agree with.
• 1:30:08
  Speaker 1: Times says Trump also betrayed MBS. Yes, he did. He
• 1:30:11
  Speaker 1: also betrayed Netanyahu. He betrayed the Israelis. He's been betraying
• 1:30:15
  Speaker 1: Americans since day one of his administration. So he's generally
• 1:30:18
  Speaker 1: a betrayer. Times says familiar with Robert Lowe. Yes. I mean,
• 1:30:23
  Speaker 1: Robert Lowe is very mixed. He is more of a
• 1:30:28
  Speaker 1: free marketer than other people on the right in the UK.
• 1:30:31
  Speaker 1: I mean, he has his own political party now, which
• 1:30:35
  Speaker 1: is Restore Britain, which is to the right, supposedly, of
• 1:30:39
  Speaker 1: Farage's party. He's better than Farage on economics and worse
• 1:30:47
  Speaker 1: than Farage on ethno-nationalism. So his antagonism to immigrants is awful.
• 1:30:55
  Speaker 1: So he is a very, very mixed character. I know
• 1:31:00
  Speaker 1: that he's an admirer of Ayn Rand's, that he's read
• 1:31:03
  Speaker 1: Ayn Rand and think of himself as an Atlas Shrug fan.
• 1:31:08
  Speaker 1: And I think I met him. I did meet him.
• 1:31:10
  Speaker 1: I met him last year. I met him in 2025
• 1:31:12
  Speaker 1: in Wales at the Arts and Ideas Festival. And, yeah,
• 1:31:23
  Speaker 1: very mixed, very mixed. Good in economics, terrible on nationalism
• 1:31:28
  Speaker 1: and its ethnic roots. All right, it looks like this
• 1:31:33
  Speaker 1: is the last question. Hi, Ron. If you could imagine
• 1:31:36
  Speaker 1: a prequel to Atlas Shrugged, what do you think would
• 1:31:38
  Speaker 1: be the most interesting story to tell? Oh, God. What
• 1:31:46
  Speaker 1: would be the most interesting story to tell as a
• 1:31:49
  Speaker 1: prequel to Atlas? Yeah, I mean, I don't know. I mean,
• 1:31:57
  Speaker 1: so many of the characters in Atlas kind of don't
• 1:32:02
  Speaker 1: have a history, so it's hard to tell where they
• 1:32:03
  Speaker 1: came from. I mean, I don't know that there's a
• 1:32:06
  Speaker 1: prequel to John Galt or a prequel to... I mean, Ragnar.
• 1:32:14
  Speaker 1: We don't know much about Ragnar. It would be interesting
• 1:32:17
  Speaker 1: to flesh out the Ragnar character, where he comes from,
• 1:32:20
  Speaker 1: how he got to where he is, how he became
• 1:32:23
  Speaker 1: the pirate philosopher. how he met the others. I don't
• 1:32:28
  Speaker 1: want to give the story away. So the Ragnar story
• 1:32:30
  Speaker 1: would be an interesting one. We get quite a bit
• 1:32:32
  Speaker 1: of Dagny's story. We get quite a bit of Francisco's story.
• 1:32:36
  Speaker 1: I think Ragnar's story is the one we get the
• 1:32:38
  Speaker 1: least about, other than Galt, but I think Galt is
• 1:32:41
  Speaker 1: fine that we don't have a backstory to Galt. So
• 1:32:44
  Speaker 1: I would say a Ragnar story, the origin story for Ragnar.
• 1:32:51
  Speaker 1: All right, everybody, reminder, in an hour and a half,
• 1:32:54
  Speaker 1: I am back right here, right here on YouTube, on Twitch.
• 1:33:00
  Speaker 1: I mean, I should have just gone straight, and then
• 1:33:01
  Speaker 1: we could have called it an eight-hour show, but I
• 1:33:03
  Speaker 1: need to eat something. That's the problem with an eight-hour show.
• 1:33:06
  Speaker 1: How do you eat? I mean, do they have snacks
• 1:33:08
  Speaker 1: and they eat while they do the show? I've been
• 1:33:09
  Speaker 1: told that's very, very rude. Anyway, in an hour and
• 1:33:14
  Speaker 1: a half, I will be back. Please bring questions about
• 1:33:18
  Speaker 1: We The Living and bring questions for Duncan Scott about
• 1:33:21
  Speaker 1: We The Living. and about the Australia tour, and anything
• 1:33:24
  Speaker 1: else you can think of. The focus of the questions
• 1:33:27
  Speaker 1: should be that. I don't want to get into other
• 1:33:29
  Speaker 1: issues with Duncan. You know that this is his area
• 1:33:33
  Speaker 1: of expertise. But please join us here. We are broadcasting
• 1:33:38
  Speaker 1: on Twitch. We're live on Twitch. All of my shows
• 1:33:40
  Speaker 1: now are streaming on Twitch. So you can choose Twitch.
• 1:33:43
  Speaker 1: You can choose YouTube. You can watch me on Facebook.
• 1:33:46
  Speaker 1: You can watch me on X. I am giving you all,
• 1:33:49
  Speaker 1: every opportunity to share and, and, uh, And, oh, Firestorm
• 1:33:54
  Speaker 1: says everyone eats on stream. Not on YouTube. But I
• 1:34:01
  Speaker 1: guess on Twitch, it's okay to eat on the stream.
• 1:34:05
  Speaker 1: I guess if you're doing eight hours, you have to.
• 1:34:07
  Speaker 1: And you're playing and stuff. So, yeah, I guess my
• 1:34:11
  Speaker 1: new persona is going to be cool, you're on. doing
• 1:34:15
  Speaker 1: eight-hour shows and eating while I do it, right? And
• 1:34:20
  Speaker 1: maybe I can do the whole show prep and all
• 1:34:26
  Speaker 1: of that during the eight-hour stream. I don't know. I
• 1:34:34
  Speaker 1: think it's probably not me, although I keep being told
• 1:34:39
  Speaker 1: that I would get a lot more super chats if
• 1:34:41
  Speaker 1: my stream was eight hours long. How many days a
• 1:34:45
  Speaker 1: week do these guys do eight hours? Every day? This
• 1:34:47
  Speaker 1: is their full-time job, I guess. And they just chat.
• 1:34:50
  Speaker 1: They just talk. Anyway, I will see you in an
• 1:34:54
  Speaker 1: hour and a half. I have to go eat. Bye, everybody.