Latest / Yaron Brook Show / Econ War; N.Korea; Ukraine; Army; DataCenters; Interest; Buy Elections; Rogan; AI | Yaron Brook Show

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Econ War; N.Korea; Ukraine; Army; DataCenters; Interest; Buy Elections; Rogan; AI | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: A lot of the little self. And this is the show.
• 0:20
  Speaker 1: All right, everybody walk up here on Brook Show on
• 0:22
  Speaker 1: this Thursday, August twentieth. Hope for everybody is having a
• 0:27
  Speaker 1: fantastic week.
• 0:28
  Speaker 2: I am, and uh, yeah, you're ready for for the
• 0:35
  Speaker 2: our news right roundup of the day.
• 0:40
  Speaker 1: All right, let's jump right in. Before I I'll just
• 0:44
  Speaker 1: remind you to to to think about questions and to
• 0:47
  Speaker 1: ask on the super chat if you hear live uh
• 0:50
  Speaker 1: and uh. And if you don't want to ask questions
• 0:53
  Speaker 1: about the show with the sticker very much appreciate that.
• 0:58
  Speaker 1: All right, and let's stop with our new economic war.
• 1:02
  Speaker 1: It seems like President Trump has decided to shade strategies.
• 1:08
  Speaker 1: The conventional war vote did not go too well. It
• 1:13
  Speaker 1: seems like Trump has come to conclusion that he can't
• 1:15
  Speaker 1: win it the war with Iran that way. That indeed,
• 1:21
  Speaker 1: it's position the United States in a weak place, having
• 1:27
  Speaker 1: run out of missiles and run out of grunted a
• 1:34
  Speaker 1: defensive weapons. It's made of the United States more vulnerable,
• 1:38
  Speaker 1: not less. And therefore Trump has decided to walk away
• 1:43
  Speaker 1: from kind of a hot war. At least it seems
• 1:45
  Speaker 1: that way. Who knows what tomorrow he might decide, and
• 1:49
  Speaker 1: he's not focused on the economic war economic d Day.
• 1:53
  Speaker 1: He calls it on Iran. This is what he wrote,
• 1:59
  Speaker 1: you know, this is what he wrote on to social
• 2:02
  Speaker 1: No one is giving the Islamic a republic. If you
• 2:04
  Speaker 1: want a greater opportunity to make a deal than me,
• 2:07
  Speaker 1: I am announcing the most crushing economic operation ever taken
• 2:12
  Speaker 1: against any country. This will be economic warfare and isolation
• 2:17
  Speaker 1: on an unprecedented scale. The navy is gone, the air
• 2:21
  Speaker 1: force is destroyed, the military factories are our rubble. If
• 2:26
  Speaker 1: that were all true, then why aren't we just winning
• 2:30
  Speaker 1: the war. And why haven't we opened the Strait of Homoes?
• 2:33
  Speaker 1: If they have no navy, if they have no missiles,
• 2:37
  Speaker 1: if all of this is destroyed, If all of this
• 2:39
  Speaker 1: is true, then why are we not just opening the
• 2:43
  Speaker 1: State of Homoes and letting the ships go in and
• 2:47
  Speaker 1: you know, going in there and taking the nuclear material.
• 2:50
  Speaker 1: They have no army anymore. Anyway, The navy is gone,
• 2:55
  Speaker 1: the air force is destroyed. Their military factories and our rubble,
• 2:58
  Speaker 1: their currency is worthless, is hanging by a thread. Today.
• 3:02
  Speaker 1: I am announcing that any country that allows its financial institutions, businesses, airports,
• 3:08
  Speaker 1: or government entities to provide any type of lifeline to
• 3:12
  Speaker 1: Iran will itself face tremendous economic consequences. Oil smuggly swap lines,
• 3:19
  Speaker 1: this is interstate swaps, so comecy swaps, cash transfers, exchange houses,
• 3:25
  Speaker 1: ship registries, front companies. It all needs to stop now
• 3:31
  Speaker 1: you know who you are. This will be an economic
• 3:35
  Speaker 1: d Day and we need all our allies to stand
• 3:39
  Speaker 1: with the United States of America to isolate and defeat
• 3:42
  Speaker 1: the Iran threat. These maniacs are on the ropes and
• 3:46
  Speaker 1: these historic measures will cripple them and their ability to
• 3:50
  Speaker 1: project terror worldwide. Iran will never have any clear weapon.
• 3:54
  Speaker 1: Thank you for your attention on this matter. So we're
• 3:58
  Speaker 1: now gonna strangle them economically somehow, and the whole world
• 4:02
  Speaker 1: is going to help us, because the whole world is
• 4:04
  Speaker 1: our friend. I mean I I you know, sanctions in
• 4:09
  Speaker 1: Iran to be going on for years, there's nothing new.
• 4:13
  Speaker 1: This is a tightening of the sanction and this is
• 4:15
  Speaker 1: the sanctions on people who violate the sanctions, which has
• 4:18
  Speaker 1: kind of always been the policy. I guess this is
• 4:22
  Speaker 1: more intense. We didn't kind of mean the sanctions before,
• 4:24
  Speaker 1: but now we really, really really mean it. But here's
• 4:29
  Speaker 1: the problem. You know who you are? Well, we all
• 4:34
  Speaker 1: know who they are, right, The people who help Iran
• 4:37
  Speaker 1: get around the sanctions, who are they? They are primarily China, Russia,
• 4:43
  Speaker 1: Oman Katau until yesterday. The UAE will get to the
• 4:50
  Speaker 1: UEE later. I mean, the ue has long been there
• 4:54
  Speaker 1: aregc's financial proxy helping it avoid sanctions largely driven by
• 5:01
  Speaker 1: the US. But here's the thing. The UAE is an
• 5:03
  Speaker 1: American ally, has been forever. Why have we let them
• 5:06
  Speaker 1: do this for years? Why have you let them do
• 5:10
  Speaker 1: this throughout the war. Why does the UAE have a
• 5:13
  Speaker 1: relationship with Iran? They just announced they're cutting off all
• 5:17
  Speaker 1: economic ties with Iran because this I think was before
• 5:21
  Speaker 1: even Trump's statement. This is because Iran had loved and
• 5:25
  Speaker 1: missiles towards some YUE ships. But why were they having
• 5:29
  Speaker 1: these relationships to begin with? That I don't understand. I
• 5:32
  Speaker 1: don't understand how how these things function. It's it's just
• 5:38
  Speaker 1: bizarre to me. I mean, were we serious about the
• 5:41
  Speaker 1: war before? Were we serious about sanctions before? And if
• 5:46
  Speaker 1: we were, why did we let the UEE a partner,
• 5:49
  Speaker 1: an ally of the United States in this war? And
• 5:53
  Speaker 1: why did the ue trade with Iran? As the UI
• 5:56
  Speaker 1: was being bombed by Iran. It's just that the midd
• 5:59
  Speaker 1: least is a weird place, like the US being bombed
• 6:02
  Speaker 1: by Iran. But oh, we'll still deal with finance. We'll
• 6:05
  Speaker 1: still help you get around, We'll still help you fund
• 6:08
  Speaker 1: the bombs that you're going to send to destroyers. It's bizarre, bizarre,
• 6:17
  Speaker 1: all right. But ue put aside the UEI China. What
• 6:22
  Speaker 1: is the United States going to do to China to
• 6:24
  Speaker 1: stop China from dealing with your on? China deals with Iran.
• 6:29
  Speaker 1: It supplies it with weapons, It's a trading partner, buys
• 6:32
  Speaker 1: it's oil, whatever oil they managed to smuggle out of
• 6:35
  Speaker 1: it these days. It I'm sure provides it with financial
• 6:39
  Speaker 1: and other assistance. What about Russia. Russia trades with Iran
• 6:44
  Speaker 1: through the Caspian Sea, and Russia, I'm sure again buys.
• 6:49
  Speaker 1: Russia's been buying Iranian drones, has built Iranian factories in
• 6:54
  Speaker 1: Russia to build those drones. Russia is a trading partner.
• 6:58
  Speaker 1: Trump is going to get tough with Putin over Iran.
• 7:01
  Speaker 1: Be interesting. I'd like to see that Oman Kata I mean,
• 7:07
  Speaker 1: Trump will stand up to Katau and tell them they
• 7:09
  Speaker 1: can't have any economic relationship with Iran. That'll be the day.
• 7:18
  Speaker 1: I mean, what exactly is going to happen in I mean,
• 7:23
  Speaker 1: Putin is gonna ignore this. China's gonna ignore this. I
• 7:28
  Speaker 1: mean it don't maybe pretend, but it's gonna ignore it.
• 7:31
  Speaker 1: Now China, I mean she is coming to Washington next month.
• 7:36
  Speaker 1: I think is this going to be on the table?
• 7:40
  Speaker 1: Is Trump going to cancel she's visited because China is
• 7:44
  Speaker 1: still working with the Uranians? So yes, The UEE late
• 7:53
  Speaker 1: Tuesday so announced that it was suspending financial and economic
• 7:58
  Speaker 1: transactions with Iran, finally potentially threatening tear uns access to
• 8:03
  Speaker 1: major sources of imports and financial backdoors to the world.
• 8:08
  Speaker 1: Now this follows again supposedly weeks of Trump administration codroling
• 8:13
  Speaker 1: UE to crack down on new Adia financial networks. Why weeks?
• 8:17
  Speaker 1: Why not months? Why not years? And again UE is
• 8:23
  Speaker 1: part of the Avambaccord. So UE is really friendly with Israel,
• 8:26
  Speaker 1: has a relationship with Israel, is peace with Israel, and
• 8:30
  Speaker 1: yet it's helping Israel's number one enemy in the world
• 8:35
  Speaker 1: get weapons. So they could, I mean the whole thing.
• 8:37
  Speaker 1: It just doesn't make any sense that this would just
• 8:42
  Speaker 1: be allowed to go on. But other than UI. Nobody's
• 8:48
  Speaker 1: gonna take this seriously. So you know it's going to
• 8:58
  Speaker 1: be interesting. It's going to be interesting to see what
• 9:01
  Speaker 1: actually happens. I mean, even the UEE. It's one thing
• 9:05
  Speaker 1: to announce that you're doing something, it's something completely different
• 9:11
  Speaker 1: to actually go through with it, right, I mean, ue
• 9:15
  Speaker 1: makes a good money off of the dealing with the Uranians,
• 9:20
  Speaker 1: and somehow Trump's gonna have to convince them that their
• 9:23
  Speaker 1: long term financial prospects are better off cutting off Iran
• 9:28
  Speaker 1: and aligning more with the United States. In that States
• 9:32
  Speaker 1: is not exactly in a great position right now to
• 9:35
  Speaker 1: garner support from countries. Right So, so, yes, we are
• 9:43
  Speaker 1: launching this war. Trump is threatening Iran's trade partners and
• 9:51
  Speaker 1: no more military strikes, at least none planned right now.
• 9:58
  Speaker 1: The most crushing economic coporation ever taken against any country.
• 10:02
  Speaker 1: You think this will break the radiance, You think this
• 10:05
  Speaker 1: will break religious fanatics. US Treasury Secretary Scott Bessett, who
• 10:14
  Speaker 1: is the leading this, who's basically said, yeah, military operations
• 10:20
  Speaker 1: are over. Now we're gonna We're gonna crush them with economics.
• 10:26
  Speaker 1: They're gonna do whatever they can to isolate the Indian
• 10:29
  Speaker 1: regime again. Shocking, surprising that they haven't already done this,
• 10:33
  Speaker 1: that this wasn't part of the world plant originally. Why
• 10:36
  Speaker 1: they're waiting till now? What's the point? I don't know.
• 10:41
  Speaker 1: I don't understand policy, I don't understand strategy. I don't
• 10:44
  Speaker 1: understand what these people are doing. Anyway, we will see
• 10:50
  Speaker 1: how this is actually implemented. Nobody actually knows what new
• 10:56
  Speaker 1: economic measures the US can actually direct against the Wan's
• 11:01
  Speaker 1: trading partner, especially China. Especially China, it seems very unlikely.
• 11:11
  Speaker 1: The Iranians are shrugging this off. The military war against
• 11:19
  Speaker 1: them didn't break them. This economic pressure is not going
• 11:22
  Speaker 1: to break them. And uh. The Ranians are saying, look,
• 11:26
  Speaker 1: we'll still talk to the United States, but we are
• 11:31
  Speaker 1: not going to give into the United States and we're
• 11:33
  Speaker 1: not going to change our ways.
• 11:35
  Speaker 3: Right.
• 11:38
  Speaker 1: So we will see Besset, who is now the spokesman
• 11:45
  Speaker 1: for this, because the economics is telling our US allies,
• 11:49
  Speaker 1: you're either with us against us on uron sanctions. We
• 11:52
  Speaker 1: are going to collapse this regime. Uh and uh. He
• 11:57
  Speaker 1: told CNBC Squak Box on the Street that Trump administration
• 12:00
  Speaker 1: will use secondary sanctions to penalize countries and companies that
• 12:05
  Speaker 1: continue to do business, and he predicted further large scale
• 12:09
  Speaker 1: military operations would not be needed. No more military operations.
• 12:15
  Speaker 1: According to Bessett, quote, if you insist on doing business
• 12:18
  Speaker 1: with them, either transferring money, buying their oil, doing Sea
• 12:22
  Speaker 1: Boyne ship transfers, then the US Treasury and the US
• 12:25
  Speaker 1: government will put its full might and force towards enforcing
• 12:29
  Speaker 1: against you. It's stifi allies and theurs of the world
• 12:36
  Speaker 1: to make a decision. You are going we are going
• 12:38
  Speaker 1: to squash the economy of this murderous regime. I mean,
• 12:43
  Speaker 1: Econores's pretty squashed, Connor is pretty squashed. So we'll see.
• 12:50
  Speaker 1: Bestt continued to say, it's a one two punch. We
• 12:53
  Speaker 1: have the bucket and we're going to have the toughest
• 12:56
  Speaker 1: sanctions in history. And I will tell you this will work.
• 13:00
  Speaker 1: I worked in Venezuela once we put up the blockade.
• 13:03
  Speaker 1: It worked in Venezuela, once we put up the blukate.
• 13:05
  Speaker 1: It worked. It's working in Cuba right now, and it's
• 13:09
  Speaker 1: going to work anyont We are going to collapse this regime,
• 13:15
  Speaker 1: all right. Put this on your watch list. We will
• 13:18
  Speaker 1: keep monitoring and see what is going on and see
• 13:21
  Speaker 1: if indeed the regime collapses, collapses, all right, all right,
• 13:33
  Speaker 1: they can't win the war militarily, so we'll go after
• 13:37
  Speaker 1: them in this way. I'm not sure what exactly how
• 13:42
  Speaker 1: that exactly works and what can actually be achieved, but
• 13:49
  Speaker 1: Trump is reaching, he's searching, he's desperate. In the meantime,
• 13:55
  Speaker 1: it does look like oil is coming through the streets,
• 13:58
  Speaker 1: and hoemores that the United States is guiding some ships out,
• 14:02
  Speaker 1: that they're using all kinds of covert ways to get
• 14:05
  Speaker 1: ships out covert because the reality is that the United
• 14:09
  Speaker 1: States still has not opened the streets, and the reality
• 14:12
  Speaker 1: is that the United States still is afraid is the
• 14:18
  Speaker 1: right terminology of the non existent Iranian navy that is
• 14:25
  Speaker 1: effectively blocking the streets. All right, Let's move on to
• 14:34
  Speaker 1: another area of farm policy, and that's a North Korea. So,
• 14:43
  Speaker 1: as you know, Trump, you know, said two days ago,
• 14:48
  Speaker 1: whenever it was we talked about this on the show,
• 14:50
  Speaker 1: he basically put out this tweet saying, I have this
• 14:53
  Speaker 1: great relationship with the Buddha dictator of North Korea. That's
• 14:57
  Speaker 1: my words, not his. And if I don't understand why
• 15:01
  Speaker 1: we keep working with the South Koreans on these joint
• 15:05
  Speaker 1: military exercises, it's very hostile. The North Koreans are really
• 15:09
  Speaker 1: insulted by it. It really is not nice for us
• 15:12
  Speaker 1: to do this, and you know, we should stop, but
• 15:15
  Speaker 1: we can't stop because we made these commitments. So I'm
• 15:18
  Speaker 1: scaling them down a day before the operations, these exercises
• 15:23
  Speaker 1: are going to start complete, surprising the South Koreans. The
• 15:26
  Speaker 1: South Koreans now are saying, hmm, we should think about
• 15:33
  Speaker 1: not the lying in the United States anymore, think about
• 15:36
  Speaker 1: our strategic options given that we're not the lying in
• 15:38
  Speaker 1: the United States. Then Trump pivoted to say, I want
• 15:43
  Speaker 1: to meet with Kim. I mean I understand him, and
• 15:46
  Speaker 1: he understands me. And what buddies, this is me. We're friends.
• 15:50
  Speaker 1: We had such a great relationship the first time. And
• 15:55
  Speaker 1: again this is me, not him. I've done so poorly,
• 16:01
  Speaker 1: so damned poorly with in front policy. Maybe I can
• 16:07
  Speaker 1: get a win in North Korea. Maybe maybe he gonna
• 16:10
  Speaker 1: have a really nice, cozy, friendly meeting with Kim, who
• 16:15
  Speaker 1: I really really like, and we had such a good relationship,
• 16:18
  Speaker 1: such a good rapport in our first meetings. He got
• 16:22
  Speaker 1: nothing done, He got no compromises from Kim. Nothing changed
• 16:26
  Speaker 1: in the US in North Korean relationship. North Koreans did
• 16:30
  Speaker 1: not slowed down in the nuclear development, they didn't slow
• 16:32
  Speaker 1: down on the development of icing dams, and nothing literally changed.
• 16:37
  Speaker 1: But he had those amazing meetings, one of which he
• 16:40
  Speaker 1: was actually, you know, Trump was caught, you know, waiving
• 16:43
  Speaker 1: a communist flag. Uh and uh and and yes, anyway,
• 16:49
  Speaker 1: he he he said he want to meet Kim and
• 16:52
  Speaker 1: he he he wants to communicate with Caim. And he's
• 16:54
  Speaker 1: supposed he's writing letters, you know, he talked about the
• 16:57
  Speaker 1: love letters. He he was sinning. And when he was
• 17:00
  Speaker 1: asked yesterday at the Oval office if Kim had responded,
• 17:04
  Speaker 1: and Trump said, he has responded. And then he says,
• 17:09
  Speaker 1: Kim Jong has always treated me with great respect. That's
• 17:13
  Speaker 1: what matters the Trump, right, what madister Trump is treating
• 17:16
  Speaker 1: him with respect? Right, And Kim John has always treated
• 17:20
  Speaker 1: him with respect. So Kim Jeno must be a good guy,
• 17:23
  Speaker 1: he says. And we met on numerous occasions, actually two
• 17:28
  Speaker 1: primary occasions, spoken and spent time. I understand him, He
• 17:33
  Speaker 1: understands me. I mean again, this is the brutal dictator
• 17:41
  Speaker 1: of maybe the most, if not one of the most
• 17:45
  Speaker 1: oppressive regimes on planet Earth. This is a guy with
• 17:49
  Speaker 1: the blood of hundreds of thousands of his own people
• 17:51
  Speaker 1: in his hands, if not millions, given starvation and everything
• 17:55
  Speaker 1: else that Kim Jeno has inflicted on his own people.
• 17:59
  Speaker 1: And Trump is kissing his feet, sucking up to him.
• 18:05
  Speaker 1: I don't know what terminology you actually want to use,
• 18:08
  Speaker 1: but this is a phone policy disaster in his first term,
• 18:14
  Speaker 1: and certainly what could be achieved zero and particularly given
• 18:22
  Speaker 1: that if Trump met with him. Right now, Trump is
• 18:25
  Speaker 1: meeting with him at a point of extreme weakness. Can't
• 18:29
  Speaker 1: win and you know you are not supporting Ukraine, will
• 18:35
  Speaker 1: get Ukraine in a minute. And you know, running out
• 18:38
  Speaker 1: of missiles, no aircraft carrier in the Pacific, in the
• 18:42
  Speaker 1: Western Pacific, real weakness. Anyway, Kim's sister, who is like
• 18:55
  Speaker 1: his number two in North Korea, Kim's sister yesterday or today,
• 19:01
  Speaker 1: how to tell with the time zones, she said, no,
• 19:04
  Speaker 1: we're not interested in meeting Trump, and Kim jig mum
• 19:08
  Speaker 1: has not responded to Trump at all. And then today today,
• 19:12
  Speaker 1: this morning, North Korea launches ballistic missiles right into the ocean.
• 19:22
  Speaker 1: They fired several short range ballistic missiles, according to South Korea.
• 19:29
  Speaker 1: The latest launchers by the nuclear nor North came after
• 19:33
  Speaker 1: mister Trump ordered a reduction in ongoing joint South Korean
• 19:37
  Speaker 1: US military exercises. Another side of weakness. So they launched
• 19:47
  Speaker 1: the missiles in a sense as a middle finger to Trump,
• 19:52
  Speaker 1: as an indication to Trump that yeah, you can suck
• 19:56
  Speaker 1: up to us, but we're not sucking up to you.
• 19:59
  Speaker 1: We don't like these military exercises. So in a sense
• 20:02
  Speaker 1: of mythiles into the ocean just to show you, we
• 20:06
  Speaker 1: have the missiles. They could be nuclear tipped. Yeah, Trump
• 20:15
  Speaker 1: claims that he is. He doesn't want to cooperate no
• 20:20
  Speaker 1: South Korea as much because of their unwillingness to corporate
• 20:23
  Speaker 1: with him. Regarding Iran, It's not exactly what he asked
• 20:26
  Speaker 1: them to do about Iran. It's not clear when he
• 20:31
  Speaker 1: asked them. It's not clear under what circumstances he asked them.
• 20:36
  Speaker 1: But again, Trump is alienating our allies, continues to alienate
• 20:42
  Speaker 1: our allies, and then once in a while ask them
• 20:45
  Speaker 1: for help and they say no, and he's shocked, I'm
• 20:48
  Speaker 1: gonna take Greenland from you. Oh, Denmark, please help us
• 20:52
  Speaker 1: open the state of Homos. Surprise, surprise, Denmark says no anyway,
• 21:01
  Speaker 1: So yes, according to according to South Koreans. You know,
• 21:10
  Speaker 1: Trump said, well, first, Trump said he really wanted to
• 21:14
  Speaker 1: get along with Kim. You know, North Koreans have, he says,
• 21:17
  Speaker 1: fifty seven very powerful nuclear weapons. Yes, and no, not
• 21:23
  Speaker 1: a nuclear weapon. Let fewer because you met with Kim
• 21:26
  Speaker 1: last time in South Korea. The administration there actually says
• 21:32
  Speaker 1: that the North Koreans now have between eighty to one
• 21:35
  Speaker 1: hundred and twenty nuclear warheads, so anywhere between, you know,
• 21:39
  Speaker 1: fifty percent to double them out, that fifty percent more
• 21:44
  Speaker 1: than what Trump was suggesting. And again, many of these
• 21:49
  Speaker 1: nuclear weapons, many many, many of these nuclear weapons built
• 21:53
  Speaker 1: after after Trump met with Kim in twenty eighteen, or
• 21:59
  Speaker 1: whenever it was anyway, Uh yes, you know, I guess
• 22:10
  Speaker 1: Kim's answer to Trump's uh, I don't know, asking him
• 22:16
  Speaker 1: to meet with him, please please beg you was to
• 22:20
  Speaker 1: send ten ballistic missiles into the air as a response.
• 22:28
  Speaker 1: All right, uh so, more more wins for Trump on
• 22:33
  Speaker 1: phone policy, Big wins, big wins. All right, let's talk
• 22:40
  Speaker 1: about Ukraine. So Russia continues to bombard Ukraine with ballistic
• 22:47
  Speaker 1: missiles and drones and and and some cruise missiles, and
• 22:50
  Speaker 1: the Ukrainians have the technology now to down most of
• 22:54
  Speaker 1: the drones and the vast majority of the drones and
• 22:57
  Speaker 1: even the cruise missiles. But what is what is becoming
• 23:02
  Speaker 1: clear is that Ukraine has no capacity to stop Russia's
• 23:12
  Speaker 1: ballistic missiles from hitting it. The one weapon system the
• 23:17
  Speaker 1: Ukraine had to protect yourself from ballistic missiles was the
• 23:20
  Speaker 1: Patriot missiles, the American Patriot missiles. But basically the supplies
• 23:27
  Speaker 1: of those missiles have dwindowed to non existent. Really right now,
• 23:34
  Speaker 1: Ukrainian skies are completely open. Ukrainian cities are completely vulnerable
• 23:41
  Speaker 1: to Russian attacks. I mean, last night Russia launched a
• 23:46
  Speaker 1: massive missile and drawn attack on Kiev, the latest in
• 23:50
  Speaker 1: a string of assaults on the Ukrainian capital. The attack
• 23:54
  Speaker 1: killed at least fifteen people. We're talking about civilians in
• 23:58
  Speaker 1: and around Kiev on Whenday night, while around forty others
• 24:02
  Speaker 1: were injured. A Chisren's hospital and a school among the
• 24:07
  Speaker 1: locations that we hit. I just want to I just
• 24:10
  Speaker 1: want to pause here for a minute. I want to
• 24:11
  Speaker 1: read that sentence again to you. Right, A Chosen's hospital
• 24:15
  Speaker 1: and a school were among the locations that were hit.
• 24:20
  Speaker 1: Where is the global outrage? The global outrage at the
• 24:26
  Speaker 1: indiscriminate bombing on the part of Russia of Ukrainian cities.
• 24:32
  Speaker 1: Where is the UN Where are all the leftist activists
• 24:38
  Speaker 1: demanding that, you know, Putin be brought to heel for
• 24:44
  Speaker 1: the genocide he is committing in Ukraine. I mean, he
• 24:48
  Speaker 1: is explicitly, unequivocally, without any apology, shooting dumb ballistic missiles
• 24:58
  Speaker 1: into a populated city, hitting children's hospitals and schools. No
• 25:06
  Speaker 1: knock first, like the Israeli military does to evacuate buildings,
• 25:11
  Speaker 1: just lobbed the missives and they hit wherever they hit.
• 25:15
  Speaker 1: By the way, Iran did the same thing to Israel.
• 25:17
  Speaker 1: Isn't that interesting? Iran bombed Israeli cities. Luckily Israel knocked
• 25:22
  Speaker 1: down most of their missiles, almost all of them. But
• 25:25
  Speaker 1: if they'd gone through, there would have been hundreds, if
• 25:27
  Speaker 1: not thousands, of really civilian casualties because these were dumb
• 25:31
  Speaker 1: bombs lobbed into civilian population centers, and nobody mentioned that.
• 25:37
  Speaker 1: Nobody cared about it. Nobody blamed Iran for committing atrocities
• 25:42
  Speaker 1: against civilians during wartime. And Russia does this every night,
• 25:46
  Speaker 1: every single night. It's been doing it for years now.
• 25:50
  Speaker 1: And while you know, there's some case against Putin for
• 25:54
  Speaker 1: war crimes. This isn't it. And you don't see people
• 25:58
  Speaker 1: on the left and people on their right condemning Putin
• 26:02
  Speaker 1: for bombing Kiev and killing civilians. There is this, none
• 26:06
  Speaker 1: of them. And yet people can't stop talking about Israeli genocide.
• 26:11
  Speaker 1: People can't stop talking about supposedly Israeli targeting of civilians
• 26:17
  Speaker 1: when Israel there's plenty of evidence to suggest is the
• 26:22
  Speaker 1: army more careful about killing not killing civilians than any
• 26:26
  Speaker 1: army in all of human history. Yet they get judged
• 26:31
  Speaker 1: by a completely different standard than Russia. Will you on itself? Now,
• 26:43
  Speaker 1: going back to Ukraine. For much of the war, Ukraine
• 26:46
  Speaker 1: was able to decept you know, even Russia's most advanced
• 26:51
  Speaker 1: long range missiles using US design Patriot air defenses. But
• 26:58
  Speaker 1: the reality is that the missiles the patriots are now depleted.
• 27:06
  Speaker 1: The inventories are very thin, and the US are protecting
• 27:10
  Speaker 1: those inventories for the Pacific theater in case something happens
• 27:15
  Speaker 1: with China. Israel might have some patriots, they're not going
• 27:19
  Speaker 1: to give them to Ukraine because they're anticipating a resumption
• 27:22
  Speaker 1: of war with Ian. Maybe there are a few here
• 27:25
  Speaker 1: and there in the Middle East. But there's just now
• 27:27
  Speaker 1: quantities and therefore the United States have stopped selling them
• 27:32
  Speaker 1: and they were selling them to the Ukrainians. As a consequence,
• 27:38
  Speaker 1: Russian missiles are reaching their targets and there's no end
• 27:44
  Speaker 1: in sight. In addition, Ukraine has no protection now to
• 27:50
  Speaker 1: protect this power plants, and you know, Russia could take
• 27:55
  Speaker 1: out those power plants before winter, plunging Kiev into you know,
• 28:03
  Speaker 1: fleezing temperatures. Kiv gets very cold with no heat for
• 28:08
  Speaker 1: the coldest months now. Ukraine zfore said it shut down
• 28:13
  Speaker 1: thirty nine forty four missiles on Wednesday, as well as
• 28:17
  Speaker 1: one hundred and forty five of one hundred and sixty
• 28:19
  Speaker 1: eight long range Shahad type drones. But yes, they're good
• 28:23
  Speaker 1: at getting the drones, and they can get the cruise missiles,
• 28:29
  Speaker 1: but the ballistic missiles you need something different. You need
• 28:32
  Speaker 1: something like the Patriot defense system, and the reality is
• 28:38
  Speaker 1: that there are very few systems like the Patriot. The
• 28:45
  Speaker 1: Europeans have a system that can compete with the Patriot,
• 28:49
  Speaker 1: but they haven't deployed it yet. It's not a mass production.
• 28:54
  Speaker 1: They can't produce enough units to share it across Europe
• 28:57
  Speaker 1: and provide it to Ukraine and you know, other than
• 29:03
  Speaker 1: and so they for some reason Ukraine's not using it.
• 29:06
  Speaker 1: I'm not sure exactly why they're not. I lets say,
• 29:08
  Speaker 1: asked chept that why they're not using the European Air
• 29:13
  Speaker 1: Defense a defense system. Israel has an air defense system
• 29:17
  Speaker 1: David Slang an Arrow two and three, but Israel has
• 29:22
  Speaker 1: not been selling weapons to Ukraine. Again, I don't understand why.
• 29:26
  Speaker 1: One of the great film policy failures on the part
• 29:29
  Speaker 1: of the Nitenyau administration has been its coldness and its
• 29:35
  Speaker 1: resistance to supporting Ukraine. I think because it wants a
• 29:40
  Speaker 1: good relationship with Russia for a variety of Middle East reasons.
• 29:44
  Speaker 1: Maybe because a lot of the Oligoqs who you know,
• 29:50
  Speaker 1: Russian oligous also have homes in Tel Aviv and probably
• 29:54
  Speaker 1: have some political poll in Jerusalem with NATANIAO. You know,
• 30:00
  Speaker 1: all of that is probably the true. But I think
• 30:02
  Speaker 1: it's a huge farm policy error, massive mistake. Israel should
• 30:07
  Speaker 1: have supported Ukraine all in and should have provided it
• 30:11
  Speaker 1: with weapons systems to defend itself. Israel would benefit today
• 30:15
  Speaker 1: from cooperating with Ukraine on anti drone technology and training.
• 30:20
  Speaker 1: Is really in Ukrainian training of Israeli troops on how
• 30:23
  Speaker 1: to deal with drones on the battlefields. So that is
• 30:27
  Speaker 1: not happening. Uh so it's it's you know, ballistic missiles
• 30:35
  Speaker 1: they go up, they come down very quickly, whereas cruise
• 30:38
  Speaker 1: missiles you get some more time. The same with drones.
• 30:44
  Speaker 1: Ballistic missiles you give very little time and as a consequence,
• 30:49
  Speaker 1: sirens go off, alerts go off, but there's very little
• 30:54
  Speaker 1: time to actually react to them. So the Ukraine is
• 31:00
  Speaker 1: vulnerable and Ukraine is vulnerable to a large extent because
• 31:02
  Speaker 1: the United States failed in Iran. Ukraine is vulnerable to
• 31:07
  Speaker 1: a large extent because the US cannot manufacture its own
• 31:11
  Speaker 1: weapons systems at scale, which is a travesty and should
• 31:19
  Speaker 1: be investigated about. How you know, administration after the administration
• 31:24
  Speaker 1: after the administration have allowed the United States military industrial
• 31:30
  Speaker 1: base to get to the point where we can't produce
• 31:31
  Speaker 1: the weapons we need and a relatively small war with
• 31:36
  Speaker 1: Iran has depleted our resources. Imagine all were China, after
• 31:41
  Speaker 1: three weeks, we'd be out of missiles. What would we
• 31:43
  Speaker 1: do then? Signed long term contracts with Raytheon to deliver more.
• 31:52
  Speaker 1: It's just the whole thing is bizarre, which as if
• 31:55
  Speaker 1: we live in a World War two model where everything's
• 31:59
  Speaker 1: going to take you where there was going to last forever.
• 32:02
  Speaker 1: We can ship it slowly to Europe. We'll do it.
• 32:05
  Speaker 1: We'll take our time. Worse today are instantaneous to quick,
• 32:10
  Speaker 1: and yet production of war materials takes years, decades. I mean,
• 32:20
  Speaker 1: the United States military has completely lost the plot, completely
• 32:25
  Speaker 1: lost the plot on modern wolf in and is doing
• 32:28
  Speaker 1: nothing to fix it. And this administration doesn't seem to
• 32:33
  Speaker 1: be interested really in fixing it. There's some investment in,
• 32:41
  Speaker 1: you know, defense startups, which is good, I mean, some
• 32:45
  Speaker 1: encouragement of defense startups, which is good. But you need
• 32:48
  Speaker 1: a lot more than that. And certainly, if anything, the
• 32:53
  Speaker 1: US military is going to need a lot more, not
• 32:57
  Speaker 1: less Patriot and Tomahawks and things like that. And to
• 33:04
  Speaker 1: allow yourself to get into a position where to build
• 33:09
  Speaker 1: the Patriot, to build the hot tomarwk takes months or years.
• 33:14
  Speaker 1: I just don't understand it. You know, where were the
• 33:20
  Speaker 1: defense secretaries, where were the generals? Where have they been
• 33:24
  Speaker 1: all this time to get to this point? Anyway? Right
• 33:30
  Speaker 1: now Ukraine is the one suffering because the United States
• 33:33
  Speaker 1: can't build Patriot missiles. Now Ukraine is building their own
• 33:39
  Speaker 1: air defense system. These are very complex weapons. These are
• 33:43
  Speaker 1: very very difficult, but Ukraine is trying to build their own,
• 33:47
  Speaker 1: maybe on the basis of the European system, maybe with
• 33:50
  Speaker 1: the Europeans. It's hard to tell that would be cheaper
• 33:54
  Speaker 1: and more effective for the needs that Ukraine has. Again,
• 33:58
  Speaker 1: very complex systems, but as we've seen, Ukraine has been
• 34:01
  Speaker 1: incredibly innovative when it comes to weapons systems, and so
• 34:05
  Speaker 1: I wish some luck and hope they can deploy it
• 34:07
  Speaker 1: soon so that you know they can they are less
• 34:14
  Speaker 1: vulnerable to Russian attack against the lown civilians. All right,
• 34:22
  Speaker 1: if we're talking about the military, let's talk about let's
• 34:24
  Speaker 1: talk about the army. We talked about the navy, I
• 34:27
  Speaker 1: think yesterday. Today we'll talk about the army and this
• 34:31
  Speaker 1: story that I think book today. The Army is phasing
• 34:37
  Speaker 1: out a new drone battalion there was only created in January.
• 34:44
  Speaker 1: I'm gonna read that again because it's pretty shocking. The
• 34:48
  Speaker 1: US Army is phasing out a drone battalion there's only
• 34:52
  Speaker 1: created in January. The battalion was meant to master drone
• 34:57
  Speaker 1: and robot warfare based on less has learned from the Ukraine. War,
• 35:05
  Speaker 1: after major exercises in Germany, the uniform, the one hundred
• 35:08
  Speaker 1: and seventy third Airborne Brigade is going to report its
• 35:11
  Speaker 1: finding and then return to its core task as an
• 35:14
  Speaker 1: airborne infantry battalion. Now, this was done by the acting
• 35:23
  Speaker 1: Army Chief, General Christopher Lanaev, who is a close ally
• 35:30
  Speaker 1: of Hexset, who was just appointed to the war when
• 35:35
  Speaker 1: after Hexcess fired the previous Army chief, who by most
• 35:41
  Speaker 1: accounts seemingly was doing a really good job and who actually,
• 35:47
  Speaker 1: in an attempt to modernize American warfare, in an attempt
• 35:50
  Speaker 1: to modernize American ability to fight, had launched this drone
• 35:56
  Speaker 1: battalion to learn lessons from Ukraine and to start implementing
• 36:01
  Speaker 1: drone technology drone warfare into kind of the day to
• 36:08
  Speaker 1: day operations of the Army. Another and Hexseeth and Lenaev
• 36:18
  Speaker 1: believe in going back to basics, basics tanks and artillery
• 36:26
  Speaker 1: and ground troops. At least that's what it seems like.
• 36:33
  Speaker 1: So who knows. I mean, the Army still remains says
• 36:37
  Speaker 1: it remains committed to drone dominance, but this doesn't exactly
• 36:41
  Speaker 1: show it. I worry about Hexcess, I mean, what is
• 36:46
  Speaker 1: heck Seth. Know, the guy has no basis for being
• 36:52
  Speaker 1: in the position he's in. He has no you know,
• 36:56
  Speaker 1: he's been in the military. I'd been in the military,
• 36:58
  Speaker 1: you know. But to be Secretary of Defense, secretary of
• 37:02
  Speaker 1: war as the case, maybe you need to have deep
• 37:05
  Speaker 1: knowledge of geopolitics. You need to have deep knowledge of Wolfe,
• 37:10
  Speaker 1: knowledge of history, knowledge of what's going on in the
• 37:12
  Speaker 1: world today. You have to be an ace in strategy.
• 37:16
  Speaker 1: You have to really be you know, thinking about multi
• 37:20
  Speaker 1: theater war Europe at least China. You have to think
• 37:25
  Speaker 1: about new technologies. Hess is a nobody and a nothing.
• 37:31
  Speaker 1: He's a Fox TV host. I mean, we will pay
• 37:37
  Speaker 1: for these awful Trump appointments. We will pay for decades
• 37:44
  Speaker 1: because the consequence of bad decision making right now, you know,
• 37:48
  Speaker 1: with the Navy and the stupid catapults shifting from electoral,
• 37:52
  Speaker 1: organetic to steam. We talked about this yesterday, you know,
• 37:56
  Speaker 1: backing off of drown Wolfe in the army is this
• 38:01
  Speaker 1: will have long term consequences. According to Walsty General, the
• 38:09
  Speaker 1: elimination of futuristic drone Battalion is part of a broader
• 38:12
  Speaker 1: back to basic approach ordered by General Christopher Lenev, the
• 38:16
  Speaker 1: acting Chief of Staff of the Army. Who is you know?
• 38:19
  Speaker 4: And and.
• 38:23
  Speaker 1: This is droy criticism from several military experts and and others.
• 38:29
  Speaker 1: Hexcess would like to make Lenev the permanent chief of
• 38:33
  Speaker 1: staff Army chief of Staff, but both Democrats and Republicans.
• 38:37
  Speaker 1: He needs that to be appointed. He needs to be
• 38:40
  Speaker 1: appointed by Congress, and they're all resisting. They don't like
• 38:43
  Speaker 1: this guy. This is a lot of conflict between Higseth
• 38:50
  Speaker 1: and Lenev and the I guess Secretary of the Army
• 38:56
  Speaker 1: just go. They're in conflict. So it is again I
• 39:07
  Speaker 1: fear that the army is the military more broadly, isn't disarray,
• 39:12
  Speaker 1: complete disarray. They just basically we just lost the war
• 39:16
  Speaker 1: in Iran. Now you know, we're shaking up the Navy
• 39:22
  Speaker 1: in ways that just add costs and delay projects. The
• 39:27
  Speaker 1: our whitecraft carriers, we don't have enough of them in
• 39:30
  Speaker 1: a not in the right place in the world. Again,
• 39:32
  Speaker 1: we don't have an f craft carrier in the Western
• 39:34
  Speaker 1: Pacific for the first time, which is pretty shocking. And
• 39:39
  Speaker 1: the army is maybe not keeping pace with tech and
• 39:44
  Speaker 1: not getting be paced with less of learn from the
• 39:47
  Speaker 1: from the war in in Ukraine. I don't know, maybe
• 39:55
  Speaker 1: maybe The other thing that, by the way, LINEV did
• 40:00
  Speaker 1: is he's reassigned the third Armored Corpse, which is based
• 40:03
  Speaker 1: on Fort Hood in Texas. This is a cope that
• 40:06
  Speaker 1: is supposed to be on readiness to be shipped to
• 40:09
  Speaker 1: Europe in case of war in Europe or in case
• 40:12
  Speaker 1: of a conflict in Europe. So it is an armed
• 40:16
  Speaker 1: corpse basically with a focus on Europe and European theater. Well,
• 40:21
  Speaker 1: let they have changed that and has now focused the
• 40:26
  Speaker 1: corps to the new Western Hemisphere Command. So I guess
• 40:31
  Speaker 1: we're going to send them into the jungles in Columbia
• 40:34
  Speaker 1: to fight drug loads or maybe you know, yeah, not
• 40:43
  Speaker 1: sure what else we were doing the Western Hemisphere. In
• 40:45
  Speaker 1: the Western Hemisphere, our enemy in quotation mark up put
• 40:48
  Speaker 1: enemy other drug loads are drug hotels. We've been fighting
• 40:52
  Speaker 1: them since nineteen seventy two or three, whenever Nixon declared
• 40:56
  Speaker 1: that won drugs, and we haven't won. But we're dedicating
• 41:01
  Speaker 1: under Trump more and more and more and more resources
• 41:05
  Speaker 1: to winning. Uh. Pretty sure it's a it's going to
• 41:10
  Speaker 1: be a failed effort. Pretty sure. Market demand always outstrips
• 41:15
  Speaker 1: the ability of government to suppress it. So I don't know.
• 41:20
  Speaker 1: I guess. I guess we need heavy divisions with no
• 41:22
  Speaker 1: drones to invade and occupy Greenland. Maybe is that what
• 41:33
  Speaker 1: we should be doing, But it looks like we're going
• 41:36
  Speaker 1: to send tanks to fight the drug war anyway, hexeth
• 41:44
  Speaker 1: Is is our secretary of war. So I mean, when
• 41:49
  Speaker 1: you put people who are not that smart, or you
• 41:52
  Speaker 1: put people who are you know, if you put people
• 41:59
  Speaker 1: if if you fire, you know, quality people from senior
• 42:06
  Speaker 1: positions in the military supplice advise. And when you have
• 42:09
  Speaker 1: Donald Trump running a war, supply.
• 42:11
  Speaker 3: Advise, you lose it. Right, all right, let's see.
• 42:35
  Speaker 1: Uh to that? I mean, okay, data centers really interesting.
• 42:41
  Speaker 1: We talked yesterday about what the governor of Pennsylvania, a
• 42:47
  Speaker 1: moderate Democrat, basically is placing massive hotels on data centers.
• 42:55
  Speaker 1: But it turns out it's a lot more than just Pennsylvania.
• 43:00
  Speaker 1: Now Texas and Ohio, same thing. I mean, this is what,
• 43:08
  Speaker 1: this is what The National Republican Senatory Committee has sent
• 43:14
  Speaker 1: out a private memo yesterday to us AI companies warning
• 43:19
  Speaker 1: them that the GOOP is on the verge of losing Ohio, Ohio,
• 43:24
  Speaker 1: which is deep red over data centers, and unless something
• 43:29
  Speaker 1: is done to improve public perception, political support would collapse nationwide.
• 43:36
  Speaker 1: You know, here's the here's the letter that they said.
• 43:40
  Speaker 1: This is the AI companies. John Hasted and Shared Brown
• 43:44
  Speaker 1: are in a dead heat. Private polling has been consistent
• 43:48
  Speaker 1: when voters here Brown's positions and is recording us pulls away.
• 43:55
  Speaker 1: That is still the path in this race. The new
• 43:58
  Speaker 1: ingredient and the new problem is data centers. John Hustin
• 44:03
  Speaker 1: is the Republican Ohio is one of the leaders in
• 44:05
  Speaker 1: building these AI factories. Brown has made his opposition to
• 44:10
  Speaker 1: them the centerpiece of his campaign against Hustin. Brown is
• 44:14
  Speaker 1: using it because it works more than any other thing
• 44:17
  Speaker 1: in this race. Data centers are the anchor hanging around
• 44:21
  Speaker 1: Hasted's neck. If he loses and data centers get the blame,
• 44:25
  Speaker 1: politicians across the country will take notice and they will
• 44:29
  Speaker 1: not go near the next one. Data centers are the
• 44:34
  Speaker 1: centerpiece in the case sheld Browner's litigating. He has made
• 44:39
  Speaker 1: them his de facto opponent, and no one is correcting
• 44:42
  Speaker 1: his record. Brown has put three unique television ads on
• 44:46
  Speaker 1: the air and spent millions doing it, to the tune
• 44:49
  Speaker 1: of more than six thousand points on television. This is
• 44:52
  Speaker 1: more than a month worth of messaging during one of
• 44:55
  Speaker 1: the most critical times in the race. A polly indicates
• 44:59
  Speaker 1: that this message is significantly more effective than traditional messaging tracks.
• 45:06
  Speaker 1: What has to happen. The rate campaigns or party committees
• 45:10
  Speaker 1: cannot fix the toxic brand of an entire segment of
• 45:14
  Speaker 1: the economy. The companies that need these projects built have
• 45:19
  Speaker 1: to fix our OHI and see them who benefits, who pays,
• 45:24
  Speaker 1: and why a community should want one. Until that happens,
• 45:28
  Speaker 1: the issue will continue to dominate this race. If it's
• 45:31
  Speaker 1: still this potent in November, elected officials everywhere will treat
• 45:36
  Speaker 1: a hier as their reason to work against data centers
• 45:38
  Speaker 1: in the future. The voter's perceptions of data centers are
• 45:42
  Speaker 1: not fixed quickly, the campaign against them will expand far
• 45:46
  Speaker 1: beyond Ohio. This is what they all message, So they're
• 45:55
  Speaker 1: messaging while the perceptions of data centers are week The
• 45:58
  Speaker 1: American people are with us. That's propaganda by overwhelming margins,
• 46:04
  Speaker 1: and American people prefer Republicans can get candidate who wants
• 46:07
  Speaker 1: to only let data cent to be built in communities
• 46:10
  Speaker 1: that approve them by a local vote of the people
• 46:13
  Speaker 1: and to pay their own power, water, and other utilities.
• 46:16
  Speaker 1: Versus a Democrat candidate who wants to stop data center
• 46:19
  Speaker 1: construction completely, Well why not? Why not make that your
• 46:25
  Speaker 1: messaging Republicans. Republicans are faith.
• 46:29
  Speaker 3: Afraid.
• 46:33
  Speaker 1: You know, the reality is that the leadership FUNTIERAI fails
• 46:38
  Speaker 1: miserably and the Republican Party to the Cidentate support AI
• 46:42
  Speaker 1: data CENTERCE has failed miserably in basically doing the basics.
• 46:49
  Speaker 1: I mean, you can blame AI companies, but really this
• 46:53
  Speaker 1: is intellectual leadership that is lacking what needs to happen.
• 46:59
  Speaker 1: You have to paint positive picture of what's possible with
• 47:01
  Speaker 1: AI instead of spilling the ink on the glass half
• 47:07
  Speaker 1: fall stories around studies abound. This is fun opposed by Chamath.
• 47:14
  Speaker 1: I can't from announce his family name anyway, Well known
• 47:17
  Speaker 1: vince capitalist stories about are pro clutching, catastrophizing or kain
• 47:22
  Speaker 1: technical jargon that together breed mistrust, fear, and skepticism. Yeah,
• 47:26
  Speaker 1: I mean all the leaders of the companies are basically
• 47:31
  Speaker 1: doing gloomers when it comes to AI. Well, why do
• 47:34
  Speaker 1: would they expect the public to have any better view
• 47:37
  Speaker 1: of AI than the people actually producing the AI? I mean,
• 47:46
  Speaker 1: these uh, these data centers visibly and disproportionately enriched the
• 47:53
  Speaker 1: local communities. Any of those stories are not told not
• 47:59
  Speaker 1: to And you know the AI company is constantly fighting
• 48:09
  Speaker 1: with one another over regulations and trying to get the
• 48:12
  Speaker 1: government to do this and the government to do that.
• 48:15
  Speaker 1: It just makes them all seem shady and Cody and
• 48:22
  Speaker 1: the victims are going to be data centers. So we
• 48:25
  Speaker 1: need a campaign to promote data centers. Now you know again,
• 48:30
  Speaker 1: I'll give you another example. So Texas. You think Texas
• 48:34
  Speaker 1: would be the forefront of building data centers. It's a
• 48:37
  Speaker 1: Republican stay through and through the Republican government. Here's Greg Abbott,
• 48:47
  Speaker 1: the government of Texas. My directive has halted up to
• 48:51
  Speaker 1: one thousand, eight hundred data center projects. I established guardrails
• 48:57
  Speaker 1: and guidelines to protect Texas communities. Data centers must not
• 49:04
  Speaker 1: take what are needed by local communities. They must not
• 49:07
  Speaker 1: take power needed by Texas power grid. They must lower
• 49:10
  Speaker 1: the cost of electricity. They must not disrupt neighborhoods or
• 49:14
  Speaker 1: rural communities. What does disrupt even mean? These guidelines are
• 49:19
  Speaker 1: now the universally applied standards in Texas. And he started
• 49:24
  Speaker 1: this off by he has stopped volted the development of
• 49:27
  Speaker 1: eighteen hundred data centers, and he's proud of this. We
• 49:41
  Speaker 1: now have Democrats and Republicans finally united. We have solved
• 49:46
  Speaker 1: the problem of conflict between Democrats and Republicans. They united,
• 49:52
  Speaker 1: they have a mission, They agree on one thing completely.
• 49:57
  Speaker 1: They both hate data centers. This is the uniting fact
• 50:01
  Speaker 1: of America. Let's stop AI. It's pretty disgusting and pretty upsetting.
• 50:09
  Speaker 1: All right again today, not a lot of super chet questions.
• 50:13
  Speaker 1: You guys are non inquisitive. I guess you anyway, ask questions.
• 50:20
  Speaker 1: It's a way for you to shape the show. I
• 50:22
  Speaker 1: get to talk about what you want me to talk about.
• 50:25
  Speaker 1: So just because I'm in Barcelona doesn't mean you should
• 50:29
  Speaker 1: stop asking questions and watching live and engaging with the show.
• 50:35
  Speaker 1: And it doesn't change the fact that the show exists
• 50:38
  Speaker 1: because of support from you, and it wouldn't exist without
• 50:40
  Speaker 1: support from you. So please consider doing stickers and asking
• 50:43
  Speaker 1: questions and basically, you know, raising money so that we
• 50:47
  Speaker 1: can keep the show going even while I travel, even
• 50:52
  Speaker 1: when I'm in foreign countries. This office is costing money.
• 50:57
  Speaker 1: It's a thousand bucks a month for me to be
• 50:59
  Speaker 1: in this office. I can do the show for you
• 51:02
  Speaker 1: with a good internet, very little for now, uh, you know,
• 51:06
  Speaker 1: technical problems. It gotta be it gotta be paid for
• 51:11
  Speaker 1: through the show, So please consider supporting in the show here.
• 51:15
  Speaker 1: And of course I'm Patreon, PayPal, other ways in uh
• 51:19
  Speaker 1: other ways, Uh to do this. Uh one second, let
• 51:26
  Speaker 1: me just uh do something here. Huh what just happened?
• 51:40
  Speaker 3: Uh to them?
• 51:44
  Speaker 5: What?
• 51:58
  Speaker 1: All right?
• 51:58
  Speaker 5: Uh, let's see one of the quick one seconds all Uh,
• 52:21
  Speaker 5: let's see.
• 52:24
  Speaker 1: Yes, we talked about interest rates, and you know we've
• 52:26
  Speaker 1: talked about interestrates, and I know some of you probably
• 52:29
  Speaker 1: holding you eyes, and I know this is kind of
• 52:31
  Speaker 1: a technical issue, but I have to tell you the
• 52:34
  Speaker 1: whole question of interest rates and the question of long
• 52:37
  Speaker 1: term government bonds and the debts forty trillion dollars of
• 52:43
  Speaker 1: debt we passed a forty trillion yesterday, and the interest
• 52:48
  Speaker 1: payments on the debt that the federal government is pain
• 52:52
  Speaker 1: might be the most important news story we cover We
• 52:55
  Speaker 1: are covering right now. I mean, this cannot and will
• 52:59
  Speaker 1: not and well, there's just no scenario under which the
• 53:04
  Speaker 1: United States comes out of this. You know, a whole
• 53:12
  Speaker 1: something has to give. Serious negative economic consequence are going
• 53:19
  Speaker 1: to happen. Now, I've always said I don't expect a
• 53:22
  Speaker 1: big collapse, a big crash. Instead, what we get is
• 53:26
  Speaker 1: long term stagnation. And we're seeing that stagnation right now,
• 53:29
  Speaker 1: in spite of huge investments in AI, in spite of
• 53:33
  Speaker 1: huge growth in A we're seeing that stagnation. But if
• 53:40
  Speaker 1: nobody takes the debt seriously, if the defferences continue to
• 53:45
  Speaker 1: grow at the rate they're growing, we could face a
• 53:49
  Speaker 1: much more catastrophic economic disaster. And what people have been
• 53:55
  Speaker 1: predicting about the collapse of the dollar and a great
• 53:59
  Speaker 1: depression and you know, collapse of the stock market and
• 54:02
  Speaker 1: all that couldn't actually happen. I always resist saying that,
• 54:06
  Speaker 1: because you know, usually the US system kind of is
• 54:12
  Speaker 1: flexible enough to manage to survive all these things. But
• 54:15
  Speaker 1: I'm telling you, what's going on right now is insane.
• 54:19
  Speaker 1: The level of debt that this governant is accumulating is insane.
• 54:23
  Speaker 1: And the reality is that the governor, the market's trying
• 54:27
  Speaker 1: starting to pick up on this, and the economy would
• 54:31
  Speaker 1: have to grow dramatically in order to get out of this.
• 54:36
  Speaker 1: And what the government is doing, what our leadership is doing,
• 54:40
  Speaker 1: is burying its head deep, deep deep inside the sand.
• 54:45
  Speaker 1: Here's Bess and today saying, I mean, this is so delusional.
• 54:50
  Speaker 1: I don't even know. I don't know what to say.
• 54:53
  Speaker 1: Bessie says, there's a very good chance US budget deficits
• 54:57
  Speaker 1: under Trump have peaked. Very good chance used budget deficits
• 55:02
  Speaker 1: under Trump appede. Now, note this is at a time
• 55:07
  Speaker 1: when the Trump newistation is asking Congress for a budget
• 55:13
  Speaker 1: for the military one point five trillion, half a trillion
• 55:18
  Speaker 1: larger than it was in the past, where there is
• 55:23
  Speaker 1: no discussion at all at any level of government of
• 55:28
  Speaker 1: a forming soid security or medicare, where interest payments on
• 55:33
  Speaker 1: the debt are in excess of one trillion dollars and increasing,
• 55:38
  Speaker 1: not decreasing. And Bessett has the audacity. I mean, he's
• 55:45
  Speaker 1: trying to talk it down in the market. He's trying
• 55:48
  Speaker 1: to get bond yields to come down. Very good chance
• 55:52
  Speaker 1: used budget deficit under Trump's peed. He lies through his
• 55:55
  Speaker 1: teeth without any embarrassment. He's learnt from his boss how
• 56:00
  Speaker 1: to do this, so you know what, you know, he's
• 56:14
  Speaker 1: just pretending. I mean, he's buying it. I mean everybody now,
• 56:17
  Speaker 1: everybody now is bought into I guess modern monetary theory,
• 56:22
  Speaker 1: right MMT, the idea that you can just print money
• 56:25
  Speaker 1: and print money, and print money and expand the money supplant,
• 56:27
  Speaker 1: expand and expand, expand, with no end and no negative consequences,
• 56:31
  Speaker 1: no inflation, no negative consequence. But that's mythology. That's mythology,
• 56:42
  Speaker 1: and it won't survive. And the United States is pushing
• 56:46
  Speaker 1: the boundaries. Of course, Japan is pushing the boundaries. I say,
• 56:49
  Speaker 1: the entire Western world is pushing the boundaries. And you
• 56:52
  Speaker 1: will see that it is not sustainable. And you know,
• 56:58
  Speaker 1: Japan's in trouble right now. And of course the consequences
• 57:02
  Speaker 1: of Japanese experiment with this had been stagnation, as I predicted,
• 57:06
  Speaker 1: as I told you, it would be stagnation. But what
• 57:14
  Speaker 1: you'll see is inflation. And it could be dramatic inflation,
• 57:21
  Speaker 1: or it could be you know, real contraction. Maybe in
• 57:26
  Speaker 1: effort to fight inflation, we drag ourselves into a great depression.
• 57:32
  Speaker 1: It's just there's no way to run these kind of
• 57:37
  Speaker 1: deficits and knocks offer consequences. Now what I wanted to do.
• 57:42
  Speaker 1: So if you remember yesterday I told you the Beast
• 57:46
  Speaker 1: had said that the Treasury would buy long term bonds,
• 57:50
  Speaker 1: they would issue short term bonds to buy long term
• 57:52
  Speaker 1: bonds to try to drive the yield on those bonds down.
• 57:57
  Speaker 1: I see I talk about indistrates and deficits, and people
• 58:01
  Speaker 1: leave the show. And I said, in the short run
• 58:07
  Speaker 1: it might work. And indeed, when he announced this, yields
• 58:10
  Speaker 1: on the bonds that as the price of the bond
• 58:12
  Speaker 1: went up, yields went out on long term thirty an
• 58:16
  Speaker 1: tenure bombs that lasted one day. One day is just
• 58:24
  Speaker 1: one write up on this. At eight fifteen am Eastern
• 58:26
  Speaker 1: time yesterday, the Tenure note yielded yield was trading at
• 58:29
  Speaker 1: four point six eight percent when the US Treasury announced
• 58:33
  Speaker 1: it would be increasing bond buybacks to four billion right.
• 58:37
  Speaker 1: The yield then fell to a lower four point sixty
• 58:40
  Speaker 1: three as the US Treasury pledged to provide liquidity support.
• 58:47
  Speaker 1: Exactly twenty four hours later, the Tenure note is above
• 58:50
  Speaker 1: the levels than it was before the announcement. It's now
• 58:54
  Speaker 1: four point seven to one. So whatever Bess I tried
• 58:59
  Speaker 1: to do yesterday lasted one day. The fact lasted one day.
• 59:05
  Speaker 1: So these kind of showed too many places. As I
• 59:07
  Speaker 1: told you yesterday, I'm not going to make any real
• 59:11
  Speaker 1: fundamental difference in terms of the actual challenges that the
• 59:18
  Speaker 1: US has faced. Now. One of the big questions out
• 59:23
  Speaker 1: there is why interstate's going up? Why are long term
• 59:27
  Speaker 1: interestates going up? Right? And and we're talking about the
• 59:37
  Speaker 1: thirty year interestrate and the ten year interestrate, those two
• 59:40
  Speaker 1: interestrates are going up to thirty year interest is at
• 59:42
  Speaker 1: the highest level it's been since two thousand and seven.
• 59:49
  Speaker 1: So let me let me turn to John cochrane, an economist.
• 59:53
  Speaker 1: Do I like a lot to talk about this what
• 59:56
  Speaker 1: exactly is going on here now? And we talked about
• 1:00:01
  Speaker 1: this a little bit yesterday, but I think John does
• 1:00:03
  Speaker 1: just a better job covering all the bases here. So
• 1:00:09
  Speaker 1: he says, you know, perhaps investors expect more inflation in
• 1:00:13
  Speaker 1: the future, so trying to get compensated for future inflation.
• 1:00:16
  Speaker 1: We talked about this yesterday. If investors expect to be
• 1:00:19
  Speaker 1: paid back in money that's worthless, they demined a higher
• 1:00:22
  Speaker 1: interest rate. I'm reading from his blog post today. One
• 1:00:26
  Speaker 1: piece of evidence against that is that indexed bonds, these
• 1:00:30
  Speaker 1: are bonds that are indexed to inflation, have risen in tandem.
• 1:00:35
  Speaker 1: So this doesn't seem to be an inflation adjusted increase.
• 1:00:39
  Speaker 1: It seems to be or it seems to be an
• 1:00:42
  Speaker 1: inflation adjusted increase. It seems to be an increase in
• 1:00:45
  Speaker 1: the real rate that investors expecting, not in the inflation adjustedgreate.
• 1:00:50
  Speaker 1: And he says the spread between regular bonds and indexed
• 1:00:53
  Speaker 1: bonds does not seem to have widened, which would be
• 1:00:57
  Speaker 1: the case if it will inflation expectations drivingness. So he says, look,
• 1:01:04
  Speaker 1: but this is not perfect measure either, So he says
• 1:01:08
  Speaker 1: paths investors expect the Fed to raise rates in order
• 1:01:11
  Speaker 1: to fight inflation. Long term interest rates are the average
• 1:01:15
  Speaker 1: of what people expect future short term interest rates to
• 1:01:18
  Speaker 1: beat plus a risk perium. So long term interest rates
• 1:01:22
  Speaker 1: rise when people expect the FED to tighten. Now forecasting
• 1:01:27
  Speaker 1: a successful tightening cycle would explain rising rates, but not
• 1:01:32
  Speaker 1: rising inflation expectations, because there's the Fed titans. Inflation expectations
• 1:01:37
  Speaker 1: would actually be lower, so they go in opposite directions.
• 1:01:46
  Speaker 1: Another alternative, and this one presented by the Wall Street Journal,
• 1:01:49
  Speaker 1: but again Cochran is talking about it, is that we're
• 1:01:52
  Speaker 1: just returning to normal over the course of history, two
• 1:01:57
  Speaker 1: to three percent real interest rates real States is above
• 1:02:00
  Speaker 1: inflation and above risk. On top of two to three
• 1:02:04
  Speaker 1: percent inflation is perfectly normal. Support a six percent nominal
• 1:02:10
  Speaker 1: interest rates are perfectly normal. It's the twenty to twenty
• 1:02:15
  Speaker 1: twenty period with negative real interest rates that is weird.
• 1:02:20
  Speaker 1: I agree with that the journal blames quote extreme monetary
• 1:02:24
  Speaker 1: and physical policies. John says, I don't see how those
• 1:02:29
  Speaker 1: produce low real rates for two decades. Other stories include
• 1:02:35
  Speaker 1: demographics and saving gluts, a wave of middle aged people
• 1:02:39
  Speaker 1: saving for retirement, and safe asset demand by countries building
• 1:02:43
  Speaker 1: up reserves after the crashes of the late nineteen nineties.
• 1:02:47
  Speaker 1: My view is simply poor investment opportunities and low growth
• 1:02:52
  Speaker 1: in an over regulated economy. Again, I kind of like
• 1:02:57
  Speaker 1: John's interpretation. So interstrates were really, really really low real
• 1:03:02
  Speaker 1: interest rates because of poor investment opportunities and low growth
• 1:03:06
  Speaker 1: in an over regulated economy, which is what we've suffered
• 1:03:09
  Speaker 1: from last twenty years. And he says until AI came along,
• 1:03:14
  Speaker 1: maybe now investment opportunities are much better. Low growth means
• 1:03:20
  Speaker 1: low real interest rates, right, But if people expect growth
• 1:03:27
  Speaker 1: to accelerate now because of AI, interestates are going up
• 1:03:32
  Speaker 1: because they're alternatives. They're better alternatives, they're better things to
• 1:03:36
  Speaker 1: invest in than government bonds. AI data centers for example,
• 1:03:42
  Speaker 1: Or maybe he says, here come the bond vigilantes. I
• 1:03:48
  Speaker 1: like this explanation too. You knew this was coming right.
• 1:03:53
  Speaker 1: Unsustainable physical policies, this is debt can only go on
• 1:03:59
  Speaker 1: so long. Eventually bond investors decide that the US will
• 1:04:05
  Speaker 1: not in the end do the right thing after trying
• 1:04:08
  Speaker 1: everything else, and default expopiate tax, maybe capital controls or
• 1:04:15
  Speaker 1: sharp inflation is on its way. As a consequence, they
• 1:04:21
  Speaker 1: stop buying long term bonds especially and look to show
• 1:04:25
  Speaker 1: term bonds which are much safer and they can get
• 1:04:28
  Speaker 1: out of them much quicker, much easier. And you know,
• 1:04:33
  Speaker 1: he shows that if you look at, you know, interest
• 1:04:38
  Speaker 1: rates on the ten year bond, the two economies that
• 1:04:42
  Speaker 1: are the two economies that experience the highest of the
• 1:04:46
  Speaker 1: US in the UK, and it's almost they match. From
• 1:04:51
  Speaker 1: twenty twenty two on, they seem to match interest rates
• 1:04:55
  Speaker 1: the US and the UK. UK right now is very
• 1:05:00
  Speaker 1: very high ten year interest rates. He says, I thought
• 1:05:06
  Speaker 1: some of the international things, it's a global phenomena. Inter
• 1:05:09
  Speaker 1: state's going up sharply, and it lines up for US
• 1:05:14
  Speaker 1: roughly with physical policy, that is debt. The US actually
• 1:05:18
  Speaker 1: looks a lot like the UK. Everyone's favorite advanced countries
• 1:05:23
  Speaker 1: physical and economic stagnation basket case UK. So much for
• 1:05:28
  Speaker 1: exorbitant privilege, the idea that the reserve currency status and
• 1:05:32
  Speaker 1: the dollar means we can borrow at low rates. It doesn't,
• 1:05:37
  Speaker 1: but Germany hasn't far behind. In Japan has shown the
• 1:05:41
  Speaker 1: steepest increase in its physical problems as its physical problems
• 1:05:47
  Speaker 1: seem finally to be catching up to it. The only
• 1:05:51
  Speaker 1: country doing well is Switzerland. The exception proves the rule.
• 1:05:57
  Speaker 1: It's possible to have very low interest rates. Switzerland has
• 1:06:01
  Speaker 1: about the most solid non inflationary debt repayment policies on
• 1:06:05
  Speaker 1: the planet. Their interestate is almost too low, perhaps suggesting
• 1:06:10
  Speaker 1: some worry over deflation and uncontrollable appreciation of this splendid currency.
• 1:06:18
  Speaker 1: That's chilling. If we're seeing according again, this is john.
• 1:06:24
  Speaker 1: If we're seeing a flight from sovereign debt, it's a
• 1:06:28
  Speaker 1: global flight from sovereign debt. On such a crisis is
• 1:06:33
  Speaker 1: certainly a possibility. Where does the crisis come from? Debt
• 1:06:38
  Speaker 1: that nobody knows how to repay, shady accounting, short term
• 1:06:43
  Speaker 1: debt that is being rolled over on the hope of
• 1:06:46
  Speaker 1: a greater fool and a potential crisis that nobody can
• 1:06:50
  Speaker 1: imagine happening. Check check, check check. It applies to the
• 1:06:57
  Speaker 1: United States, it applies to Europe. Still, he says, though
• 1:07:03
  Speaker 1: I worry about this as much as the next person.
• 1:07:07
  Speaker 1: It seems to be a real flight from debt, needs
• 1:07:10
  Speaker 1: a spark, and it's awfully quiet. My main fear remains
• 1:07:16
  Speaker 1: that in the next crisis, the US tries to borrow
• 1:07:20
  Speaker 1: an immense amount again and then the well runs dry. Illiquidity, dysfunction, plumbing,
• 1:07:28
  Speaker 1: supplying demand, and other technical factors of the usual story.
• 1:07:33
  Speaker 1: For some reason, there's limited demand for long term treasury debt.
• 1:07:38
  Speaker 1: The European Central Bank has been propping up sovereign bonds
• 1:07:42
  Speaker 1: for a long time. On these stories, the FED intervene
• 1:07:47
  Speaker 1: massively in March twenty twenty.
• 1:07:50
  Speaker 3: So what is going on?
• 1:07:52
  Speaker 1: Recently? Treasury and FED together intervene to give Japan dollars
• 1:07:57
  Speaker 1: to buy in rather than let Japan sell treasuries. We
• 1:08:01
  Speaker 1: talked about this and in more recent news viewers. Treasury
• 1:08:05
  Speaker 1: is trying to prop up the long term treasury market
• 1:08:08
  Speaker 1: by buying up long term treasuries and issuing short term
• 1:08:11
  Speaker 1: treasures instead. We talked about that. One can read that
• 1:08:16
  Speaker 1: as a liquidity policy it only moves yields at all
• 1:08:21
  Speaker 1: if there is some sort of maturity specific demands, and
• 1:08:24
  Speaker 1: it did not, and it did move yields, but we'll
• 1:08:28
  Speaker 1: see how long it lasts. It didn't one day, it lasted.
• 1:08:31
  Speaker 1: If the rise came from the beginning a flight from
• 1:08:34
  Speaker 1: sovereign debt or any of the other more fundamental forces,
• 1:08:38
  Speaker 1: it won't last long. Anyway. This is not good news,
• 1:08:47
  Speaker 1: and it is It is going to be really interesting
• 1:08:52
  Speaker 1: to see how this ultimately lays out. And this is
• 1:08:56
  Speaker 1: all the consequence of just unbelievable irresponsibility on the part
• 1:09:03
  Speaker 1: of our government and the governments of Europe borrowing like
• 1:09:07
  Speaker 1: there's no tomorrow. And I mean, here's a headline from
• 1:09:12
  Speaker 1: the Well Set Journal today. The treasury markets covet its
• 1:09:16
  Speaker 1: status as a safe even is fading. So everybody buys
• 1:09:21
  Speaker 1: US treasuries because they're safe. Two new studies find science
• 1:09:27
  Speaker 1: investors aren't as willing to accept low yields because of
• 1:09:31
  Speaker 1: treasury debts safety. Yeah, because when you keep when you
• 1:09:37
  Speaker 1: go your debt to forty trillion, they stop being safe.
• 1:09:43
  Speaker 3: All right, what did we want to talk about here?
• 1:09:52
  Speaker 1: Yeah, this is a quick one. You know. Thlati is decades,
• 1:09:57
  Speaker 1: we keep hearing stories about elections of the bought. Elections
• 1:10:01
  Speaker 1: are bought. You know, who have asked the money wins elections?
• 1:10:06
  Speaker 1: You know, it comes to the left, sometimes it comes
• 1:10:07
  Speaker 1: to the right, depending on the election cycle. And there's
• 1:10:10
  Speaker 1: this general perception, you know, Citizens United, which allowed packs
• 1:10:15
  Speaker 1: to exist and corporations to fund on limited amounts, are
• 1:10:19
  Speaker 1: often blamed for the dysfunction in American politics because money,
• 1:10:23
  Speaker 1: money matters. What matters is money. Well that's never really
• 1:10:28
  Speaker 1: been the case, never really been the case. But this
• 1:10:31
  Speaker 1: last round of elections shows how, you know, it really
• 1:10:40
  Speaker 1: isn't the case. We talked about the Flaweda election where
• 1:10:45
  Speaker 1: the one Democratic candidate spent sixteen million dollars in his
• 1:10:49
  Speaker 1: campaign and his challenger, or the the second candidate, spent
• 1:10:57
  Speaker 1: one million dollars in the campaign, and Angie Nixon, who
• 1:11:01
  Speaker 1: spent one million, one fifty six percent of the vote.
• 1:11:09
  Speaker 1: I mean, it's just astounding. It doesn't look like having
• 1:11:15
  Speaker 1: money gives you an advantage. In Michigan, Hayley Stevens and
• 1:11:19
  Speaker 1: her allies spent fifty two million dollars on TV and radio.
• 1:11:24
  Speaker 1: Abdil El Sayad and his ally spent five million ten
• 1:11:28
  Speaker 1: to one el sayad one. In Minnesota, Angie Craig and
• 1:11:34
  Speaker 1: her supporter spent thirteen point eight million, more than four
• 1:11:38
  Speaker 1: times Peggy Flannagan's three point three Flannagan won by twenty points.
• 1:11:44
  Speaker 1: In Texas, Republicans, John Kanye and his allies spent fifty
• 1:11:50
  Speaker 1: eight point eight million on advertising, compared with eight point
• 1:11:53
  Speaker 1: two million behind Ken Paxton. Paxton dominated sixty four to
• 1:12:00
  Speaker 1: thirty six. In Georgia, Buddy Karta had four point four
• 1:12:04
  Speaker 1: million in advertising behind him. Mike Collins had nine hundred
• 1:12:08
  Speaker 1: and twenty five thousand. Collins won. Kanye's race is especially
• 1:12:14
  Speaker 1: front for campaign finance nerds. He spent his site spent
• 1:12:19
  Speaker 1: about forty five dollars for every vote he received. Paxton
• 1:12:25
  Speaker 1: side spent eight dollars per vote, and Kanye are lost
• 1:12:30
  Speaker 1: by twenty eight points. Now, if you look at overall
• 1:12:35
  Speaker 1: campaigns right, for example, in the twenty twenty House elections,
• 1:12:39
  Speaker 1: for example, the highest spending candidate won about eighty eight
• 1:12:43
  Speaker 1: percent of the races. Money buys, advertising, organizing, polling, and
• 1:12:48
  Speaker 1: so on. Right, But it's suckily what the causation is here? Right?
• 1:12:54
  Speaker 1: Correlation does not equal causation. Strong candidates attract money, come
• 1:13:00
  Speaker 1: mus raise money because donors expect them to win and income.
• 1:13:03
  Speaker 1: It's almost always doing competitive challenges attract donors because people
• 1:13:08
  Speaker 1: think they can win. So it's a people who expected
• 1:13:12
  Speaker 1: to win, raise the most money and then they win.
• 1:13:17
  Speaker 1: So sometimes money produces electoral strength, but often it's electrial
• 1:13:22
  Speaker 1: strength that produces money. So yeah, the whole money buys
• 1:13:32
  Speaker 1: wins in politics. The whole money is what really only
• 1:13:37
  Speaker 1: thing that matters in politics. Yeah, it doesn't doesn't actually
• 1:13:40
  Speaker 1: pan out if you actually look at the data, at
• 1:13:45
  Speaker 1: the data. What did we want to do here? I
• 1:13:56
  Speaker 1: want to tell you this quick story. Uh, and then
• 1:13:59
  Speaker 1: and then we'll talk a little bit about AI. I
• 1:14:01
  Speaker 1: don't have a lot about AI. We talked about the
• 1:14:02
  Speaker 1: data centers already. Here's just a story. This is again
• 1:14:06
  Speaker 1: from another blog post by the Grumpy Economist John Cocklin.
• 1:14:11
  Speaker 1: By the way, Troy, thank you. Troy just came in
• 1:14:13
  Speaker 1: with five hundred Australian dollars. Thank you really really appreciate that,
• 1:14:17
  Speaker 1: really appreciate the support. So that is fantastic. And thank
• 1:14:23
  Speaker 1: you also Troy for supporting the We the Living project
• 1:14:27
  Speaker 1: to bring We the Living the movie, so that you
• 1:14:30
  Speaker 1: supported Dad to bring the movie to Australia. I mean,
• 1:14:35
  Speaker 1: your support really really helped. I think that it about
• 1:14:40
  Speaker 1: the last time I checked, they were just over fifty
• 1:14:47
  Speaker 1: of what they were trying to raise, and hopefully, hopefully
• 1:14:56
  Speaker 1: they will get the total amount so they can they
• 1:14:59
  Speaker 1: can do the screening in Melbourne in November. I think
• 1:15:08
  Speaker 1: it is. I think it's in November. All right, let
• 1:15:14
  Speaker 1: me just see, huh, all right, here is this story.
• 1:15:25
  Speaker 1: Here's the here's the story. It's it's kind of a funny,
• 1:15:27
  Speaker 1: sad story. California used to produce and refine oil and
• 1:15:32
  Speaker 1: export it, but the state is pretty much shut that down.
• 1:15:37
  Speaker 1: California now imports seventy five percent of oil and gasoline.
• 1:15:45
  Speaker 1: Just last year they shut down two refineries, and of
• 1:15:49
  Speaker 1: course they have the highest gas prices in the United
• 1:15:51
  Speaker 1: States at five point six dollars a gallon. With imports
• 1:15:57
  Speaker 1: from Asia in the Middle East off the table, then
• 1:16:00
  Speaker 1: think keeping California afloat right now is imports by sea
• 1:16:04
  Speaker 1: from Texas, and those are only possible because the Trumpet
• 1:16:08
  Speaker 1: administration temporarily waived the Jones Act. We've talked about that
• 1:16:13
  Speaker 1: normally between shipments between US ports have to go on
• 1:16:17
  Speaker 1: US ships As a consequence, Phillips Phillip sixty six has
• 1:16:24
  Speaker 1: announced that it wants to build a six billion dollar
• 1:16:27
  Speaker 1: pipeline to export gasoline from Texas to California. We don't
• 1:16:31
  Speaker 1: need this pipeline if we do await the Jones Act.
• 1:16:35
  Speaker 1: We don't need the pipeline if California, you know, starts
• 1:16:40
  Speaker 1: up it's refineries. But under the circumstances we need the pipeline. Well,
• 1:16:47
  Speaker 1: California needs the pipeline. They're gonna spend six billion dollars
• 1:16:52
  Speaker 1: pointless dollars to save California from self inflicted wounds. It's
• 1:17:03
  Speaker 1: it's unbelievable. So we've moved all extraction and refining from
• 1:17:08
  Speaker 1: California to Texas. And now, I mean, by the way,
• 1:17:12
  Speaker 1: that has no impact on the climate. Right, California doesn't
• 1:17:15
  Speaker 1: want to pump oil and refine oil because God from climate.
• 1:17:19
  Speaker 1: But it's just being done in Texas and then we're
• 1:17:21
  Speaker 1: pumping the oil to California. Amazingly, California's Governor, Gavin Newsom
• 1:17:29
  Speaker 1: said he won't block the pipeline. Now we'll see if
• 1:17:33
  Speaker 1: it survives. The rest of California is legal and regulatory thicket,
• 1:17:39
  Speaker 1: and of course they're gonna be lawsuits and environmental things,
• 1:17:42
  Speaker 1: and environmental this and environmental that, and the bottom line
• 1:17:46
  Speaker 1: is going to be I don't know if this pipeline
• 1:17:50
  Speaker 1: will ever be built. California will just have to sink
• 1:17:56
  Speaker 1: into the Pacific Ocean. I Finally, it is worth just
• 1:18:04
  Speaker 1: talking about a couple of AI related related stories. One is,
• 1:18:14
  Speaker 1: you know, we've got this competition going on right now
• 1:18:17
  Speaker 1: between the American AI models and topic open Ai, Gemini
• 1:18:22
  Speaker 1: from Google and Matter well Matters maybe a little different.
• 1:18:25
  Speaker 1: But Xai who that are for these are frontier models,
• 1:18:30
  Speaker 1: and they are models that are they're not open source,
• 1:18:33
  Speaker 1: they closed networks. They charge a lot of money for use,
• 1:18:37
  Speaker 1: so they're built to make the companies that are producing
• 1:18:41
  Speaker 1: these models money and to fund the building of all
• 1:18:43
  Speaker 1: these data centers. On the other hand, you have these
• 1:18:46
  Speaker 1: Chinese models that are basically really really cheap to use.
• 1:18:52
  Speaker 1: They are you can you can put them on your
• 1:18:55
  Speaker 1: own hard drive, you can put them on your own computer.
• 1:18:58
  Speaker 1: They are, uh, you know, cheap, but they are so
• 1:19:03
  Speaker 1: what do you call it? Open source? The open source?
• 1:19:09
  Speaker 1: But here's the problem. They don't produce any revenue, and
• 1:19:14
  Speaker 1: Chinese AI startups are now facing real pressure from venture capitalists,
• 1:19:20
  Speaker 1: from investors, to demonstrate how they intend to be profitable
• 1:19:25
  Speaker 1: because they're building a lot of cash. The open source
• 1:19:29
  Speaker 1: business is being subsidized by capital providers. But at some
• 1:19:37
  Speaker 1: point they expect to get a return on this, and
• 1:19:41
  Speaker 1: it's not clear where the return is going to come from.
• 1:19:44
  Speaker 1: It's incredibly competitive. They're competing with the Americans, and you know,
• 1:19:53
  Speaker 1: how are you going to invest? They can't invest billions
• 1:19:57
  Speaker 1: of dollars to do fundational models extent. These Chinese models
• 1:20:04
  Speaker 1: are trying to free ride, right, So Chinese open source
• 1:20:10
  Speaker 1: strategy has to evolve to survive, and you're seeing a
• 1:20:15
  Speaker 1: bit of a shift in this direction. The developers of
• 1:20:18
  Speaker 1: Kimmi recently altered their licensing terms, requiring cloud platforms to
• 1:20:23
  Speaker 1: deploy their open versions to sign separate commercial agreements to pay. Now,
• 1:20:30
  Speaker 1: this is a significant departure from the classic definition of
• 1:20:33
  Speaker 1: open source. Chinese AI firms are going inevitably have to
• 1:20:39
  Speaker 1: erect higher commercial barriers, and you know this this will
• 1:20:48
  Speaker 1: We'll see how this actually evolves and how it develops.
• 1:20:54
  Speaker 1: So you know, as I've said before, it's not who
• 1:21:00
  Speaker 1: the winners are.
• 1:21:00
  Speaker 6: Going to be.
• 1:21:01
  Speaker 1: It's not clear how you make a lot of money.
• 1:21:04
  Speaker 1: It's not clear how you pay back for all these
• 1:21:07
  Speaker 1: data centers if you're an American AI company, given the
• 1:21:12
  Speaker 1: price pression that all AI is going to face because
• 1:21:16
  Speaker 1: of competition. All right, this is just another note. Somebody
• 1:21:26
  Speaker 1: wrote that I found interesting. I'm just going to read
• 1:21:30
  Speaker 1: you what he wrote. I think the future AI is
• 1:21:34
  Speaker 1: not large language models, but small language models run on
• 1:21:39
  Speaker 1: local desktop computers or even mobile phones. In May, a
• 1:21:43
  Speaker 1: team of Stanford University. At Stanford University published research to
• 1:21:47
  Speaker 1: compare these small language models with the performance of large
• 1:21:50
  Speaker 1: language models run in data centers. If the results are true,
• 1:21:55
  Speaker 1: then we will hardly need any data centers in the future.
• 1:22:00
  Speaker 1: Hyperscalers are wasting hundreds of billions of dollars in the investment. Seriously,
• 1:22:06
  Speaker 1: if you're an investment trying to figure out where to
• 1:22:08
  Speaker 1: invest in the AI hype, you should read the Stanford paper.
• 1:22:12
  Speaker 1: So it really is interesting, and again it shows a
• 1:22:17
  Speaker 1: lot of the uncertainty, the real uncertainty that exists in
• 1:22:23
  Speaker 1: the AI you know race if you will, going on
• 1:22:28
  Speaker 1: right now, in AI competition. It shows how competitive this
• 1:22:33
  Speaker 1: really is. All right, let's see what do we want
• 1:22:40
  Speaker 1: to do now? Yes, that it was all the questions.
• 1:22:43
  Speaker 1: So that is the news for this August twentieth Thursday.
• 1:22:48
  Speaker 1: Thank you guys, thanks for tuning in. We will now
• 1:22:51
  Speaker 1: turn to our super chat and before that a few things. Yeah,
• 1:22:56
  Speaker 1: I want to remind you again of the Australian Australian
• 1:23:01
  Speaker 1: attempt by the Australian Objectivists to do a screening of
• 1:23:07
  Speaker 1: We the Living. I think the best movie based on
• 1:23:11
  Speaker 1: an I Ran book that was ever made, with a
• 1:23:14
  Speaker 1: fantastic story, just an unbelievable story behind it of how
• 1:23:18
  Speaker 1: it was produced, how it's made, what the Nazis thought
• 1:23:21
  Speaker 1: of it, what the what the Fascist thought of it,
• 1:23:23
  Speaker 1: and how it was saved from oblivion and and how
• 1:23:28
  Speaker 1: I Ran actually saw it and all of that will
• 1:23:31
  Speaker 1: be told as part of the screening of this movie.
• 1:23:35
  Speaker 1: So I highly highly recommend you actually attend the screening.
• 1:23:37
  Speaker 1: I think you really enjoy it, and I think the
• 1:23:41
  Speaker 1: screening will it would include, you know, a discussion by
• 1:23:45
  Speaker 1: Duncan Scott, who is responsible for this version, this version
• 1:23:52
  Speaker 1: which is clean and got new subtitles and better sound,
• 1:23:56
  Speaker 1: just a turn it into an even more gogious movie
• 1:24:00
  Speaker 1: than it was originally. They are trying to raise ten
• 1:24:03
  Speaker 1: thousand dollars for this to screen this initially in Melbourne
• 1:24:08
  Speaker 1: and then maybe travel around the country and do some screenings.
• 1:24:11
  Speaker 1: They've raised six one hundred, so they're still short thirty
• 1:24:15
  Speaker 1: nine hundred dollars to make this. To make this possible,
• 1:24:19
  Speaker 1: I'm hoping that you guys, you know, I know that
• 1:24:24
  Speaker 1: you know a lot of the Australians have a hard
• 1:24:27
  Speaker 1: time watching my show when I do it in this
• 1:24:30
  Speaker 1: time because it's it's not exactly it's not exactly a
• 1:24:34
  Speaker 1: great time in Australia to be listening to your own
• 1:24:38
  Speaker 1: books show. What is it right now in Sydney is
• 1:24:40
  Speaker 1: five twenty five am right now, So yeah, not not
• 1:24:44
  Speaker 1: a great time. But hopefully you're listening to this after
• 1:24:46
  Speaker 1: the fact and you will become supporters of this attempt
• 1:24:53
  Speaker 1: to get again. I think you'll enjoy it. I think
• 1:24:55
  Speaker 1: it's worth it. And even if you can do a
• 1:24:57
  Speaker 1: small amount, whatever amount you can do, it all adds.
• 1:25:00
  Speaker 1: It all helps and to get this movie done. If
• 1:25:05
  Speaker 1: I think there's some talk that if enough money is
• 1:25:08
  Speaker 1: raised then they will actually invite me to come and
• 1:25:14
  Speaker 1: talk maybe next year at some of the screenings. The
• 1:25:16
  Speaker 1: ideas to screen it in Melbourne Sydney, Brisbane and Perth
• 1:25:20
  Speaker 1: throughout twenty twenty seven. And I'd be willing to come,
• 1:25:23
  Speaker 1: you know, if we pay for my flight and some
• 1:25:27
  Speaker 1: for my time to come to participate in something like that.
• 1:25:31
  Speaker 1: But for that, I think they will need a lot
• 1:25:33
  Speaker 1: more than the ten thousand dollars they are trying to raise.
• 1:25:36
  Speaker 3: They're trying to raise right now.
• 1:25:37
  Speaker 1: But that would be fun and exciting anyway, you should
• 1:25:41
  Speaker 1: you should look into that.
• 1:25:43
  Speaker 3: All right, let me just look and see what's going
• 1:25:46
  Speaker 3: on here.
• 1:25:47
  Speaker 1: Yeah, and instead of course, as a sponsor of the show,
• 1:25:52
  Speaker 1: and they would like to remind you that they are
• 1:25:57
  Speaker 1: launching AARU. I mean, the name keeps changing, but these
• 1:26:02
  Speaker 1: are basically online courses on objectivism. If you want to
• 1:26:07
  Speaker 1: mass objectivism, if you want to study objectivism with experts
• 1:26:10
  Speaker 1: to know it, then discover the all new ARU, beginning
• 1:26:15
  Speaker 1: with a three course sequence of Objectivism, an intense seminar
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• 1:26:25
  Speaker 1: october Ian's ideas are wide ranging and deep, spread across
• 1:26:30
  Speaker 1: panoramic novels and volumnious essays. They can be incredibly inspiring,
• 1:26:35
  Speaker 1: but to fully grasp and apply them takes more than inspiration.
• 1:26:40
  Speaker 1: It takes a full firsthand understanding cultivated through structure, guidance practice.
• 1:26:48
  Speaker 1: A fully redesigned ARU is designed to help you get there.
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  Speaker 1: Are you ascended around a new objectivism intensive seminar A
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• 1:27:09
  Speaker 1: objectivism at the institute, You'll follow a world craft, a
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  Speaker 1: well crafted path through ininance philosophy. Are you as designed
• 1:27:19
  Speaker 1: to take you beyond what self study alone can provide.
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  Speaker 1: You'll deepen your knowledge not just about what Rand thought,
• 1:27:25
  Speaker 1: but why and how to think through these issues yourself.
• 1:27:30
  Speaker 1: The results are more integrated, confident, and practical grasp of objectivism,
• 1:27:35
  Speaker 1: readily applicable to your own life. Air you office courses
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  Speaker 1: at no cost for graded students beyond a one time
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  Speaker 1: one hundred dollars admission feed, so one hundred dollars if
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• 1:27:53
  Speaker 1: free one hundred dollars and you get all the courses,
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  Speaker 1: which is fantastic and I'm glad. I've been arguing for
• 1:28:00
  Speaker 1: a long time that it should be free for graded students,
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  Speaker 1: personalized coaching, and a community based on shared values. This
• 1:28:09
  Speaker 1: is what AOU offers. Catalyst scholarships of up to five
• 1:28:13
  Speaker 1: hundred dollars per month for top students. That's money in
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  Speaker 1: your pocket, not a tuition waiver. You're not paying tuition.
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  Speaker 1: You get five hundred dollars in your pocket, So they're
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  Speaker 1: paying you to take classes. I love it. Further Advanced
• 1:28:29
  Speaker 1: courses in philosophy, communication, and Applications of Objectives. AARU offers
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  Speaker 1: a potential path towards AARIS intellectual incubator, which invests in
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  Speaker 1: cup of first ALU courses can also be audited without
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• 1:29:01
  Speaker 1: learn more. Learn dot inrand dot org, learn dot inran
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  Speaker 1: dot og. Know someone who might be interested, then passed
• 1:29:11
  Speaker 1: us along to that let them know about this learn
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  Speaker 1: dot iran dot o. So check it out. It looks
• 1:29:23
  Speaker 1: like they're not offering a discount because they're really focused
• 1:29:28
  Speaker 1: on getting students graded students and those students don't have
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  Speaker 1: a No, there's a one hundred dollars fee, but other
• 1:29:36
  Speaker 1: than that, you'll never have to pay any tuition. It's
• 1:29:39
  Speaker 1: pretty amazing. Now the application deadlines at Tobo first, so
• 1:29:43
  Speaker 1: you got a month and ten days. But go apply
• 1:29:46
  Speaker 1: and try for the scholarship where they pay you right
• 1:29:49
  Speaker 1: where they pay you, the Catalyst Scholarship.
• 1:29:52
  Speaker 5: So go for it.
• 1:29:53
  Speaker 1: Encourage all you young people out there. Everybody's serious about objectivism.
• 1:29:57
  Speaker 1: Everybody wants to be a graded student. Really get engaged
• 1:30:01
  Speaker 1: with this. You don't go do it, go do it.
• 1:30:06
  Speaker 1: I'll also say I'm teaching a course for aar you
• 1:30:09
  Speaker 1: starting in October on basically the origins of Western Civilization,
• 1:30:15
  Speaker 1: which will be a lot of fun based on the
• 1:30:17
  Speaker 1: book I'm working with Donna on on Christianity versus the West.
• 1:30:21
  Speaker 1: That'll be integrated into the course. All right, Uh, let's see,
• 1:30:30
  Speaker 1: all right, let's turn out to our super chats. Oh,
• 1:30:33
  Speaker 1: I'll remind you we got the super chap. But let
• 1:30:35
  Speaker 1: me say remind you to become a monthly contributor to
• 1:30:38
  Speaker 1: the Iran Book Show. You know, Patreon contributions incredibly valuable,
• 1:30:45
  Speaker 1: you know, becoming a monthly contributor you used to get
• 1:30:47
  Speaker 1: a lot of pokes. You can go to Patreon and
• 1:30:49
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• 1:30:52
  Speaker 1: and just search your on book show and uh and
• 1:30:54
  Speaker 1: and and see if it's something that interests you. It's
• 1:30:57
  Speaker 1: incredibly valuable to me, to the show, to making the
• 1:31:01
  Speaker 1: show continue and be possible to do all this sort
• 1:31:05
  Speaker 1: of stuff. Oh, I didn't do the rogan topic. God,
• 1:31:08
  Speaker 1: how did I miss that? I didn't do the rogan topic. Okay, hmm,
• 1:31:15
  Speaker 1: all right, let's do this. It's uh, you know, given
• 1:31:18
  Speaker 1: that given that toy did the five hundred Australian dollars,
• 1:31:22
  Speaker 1: we're well funded into the second and even the third hour.
• 1:31:26
  Speaker 1: So let's do Let's do the rogan segment. Let me
• 1:31:30
  Speaker 1: find it. Let me find it because it's video. Yes,
• 1:31:35
  Speaker 1: I've got that. And and let me let me shift
• 1:31:37
  Speaker 1: to this. Hopefully you can see that, and we're gonna
• 1:31:41
  Speaker 1: listen to it and respond, you know, uh and uh
• 1:31:48
  Speaker 1: and and we'll go we'll finish with that, and then
• 1:31:51
  Speaker 1: then I'll go through your super check questions. In the meantime,
• 1:31:54
  Speaker 1: given that I'm doing the rogan you're getting a bonus,
• 1:31:56
  Speaker 1: not really because it was planned. Let's try to get
• 1:32:00
  Speaker 1: to a third hour goal. Let's try to get to
• 1:32:03
  Speaker 1: the third out goal. Troy got us way into the
• 1:32:07
  Speaker 1: second hour and past the second hour, so we're beginning
• 1:32:09
  Speaker 1: to chuck away the third our goal. But super check
• 1:32:12
  Speaker 1: questions and and stickers go for it, all right, Hopefully
• 1:32:17
  Speaker 1: everybody can see this. Hopefully the sound will work. Let
• 1:32:19
  Speaker 1: me know if it's not working, if there's some problem
• 1:32:23
  Speaker 1: with the sound, let me just let me just do this,
• 1:32:28
  Speaker 1: all right, and uh yeah, and uh, let's watch this
• 1:32:32
  Speaker 1: and uh and see what we think. What we think
• 1:32:35
  Speaker 1: of this once? What is going on here?
• 1:32:40
  Speaker 6: Make sure you can see this. I don't want to
• 1:32:42
  Speaker 6: do that, all right, Um hmm, what happened to the
• 1:32:53
  Speaker 6: life chat?
• 1:32:54
  Speaker 1: Okay, there it is. Okay, let me know if there's
• 1:32:56
  Speaker 1: any issues with the sound. All right, here we go.
• 1:33:01
  Speaker 6: But I think it was Teddy who did the called
• 1:33:04
  Speaker 6: the square, Teddy Roosevelt, which is kind of what we're approaching,
• 1:33:07
  Speaker 6: which is he broke up all the.
• 1:33:10
  Speaker 1: Guys that were making all the money, the one percent. Basically, yeah, yeah,
• 1:33:14
  Speaker 1: so Teddy Roosevelt, the trust busting Teddy Roosevelt. He didn't
• 1:33:19
  Speaker 1: really do that much. I mean, if you actually study
• 1:33:21
  Speaker 1: the history there's very little trust busting. Teddy didn't really
• 1:33:25
  Speaker 1: want to break up the big businesses. What he really
• 1:33:28
  Speaker 1: wanted was to control big business. He wanted them under
• 1:33:32
  Speaker 1: the thumb of the central government. You know, trust busting
• 1:33:39
  Speaker 1: was happening a little bit, but much more later under
• 1:33:41
  Speaker 1: Woodward Wilson than under Teddy Roosevelt. Teddy Roosevelt had this
• 1:33:45
  Speaker 1: progressive notion that he could use big business to help
• 1:33:50
  Speaker 1: him control the US economy, so much more what you
• 1:33:54
  Speaker 1: want to call a fastest maybe approach to it. So yeah,
• 1:33:58
  Speaker 1: I mean, he's mythology jized as this man of the people,
• 1:34:02
  Speaker 1: a populist who fought those evil big business and the trusts.
• 1:34:07
  Speaker 1: Wasn't really isn't surprising that these people are economically ignorant?
• 1:34:12
  Speaker 1: Would surprise me? I mean, on Joe Rogan Show, after all,
• 1:34:15
  Speaker 1: they call it the Square Deal. Was that tesching square deal? Wow,
• 1:34:19
  Speaker 1: there's no such thing as a Square deal.
• 1:34:20
  Speaker 4: Cusumer protection control of giant corporations and conservation.
• 1:34:24
  Speaker 7: So we're getting close to we need where somebody is
• 1:34:27
  Speaker 7: willing to abuse their executive power to.
• 1:34:30
  Speaker 1: Shut down whatever the fuck we're doing right now. So
• 1:34:33
  Speaker 1: whatever the funk we're doing right now means is referring
• 1:34:35
  Speaker 1: to big business AI data centers. We need to shut
• 1:34:41
  Speaker 1: it all down. We need to we need to climb
• 1:34:42
  Speaker 1: down in them, We need to break them up. Big tech,
• 1:34:45
  Speaker 1: the evil of big tech. This is on Joegan. Now listen,
• 1:34:48
  Speaker 1: listen to what Joe Rogan response to this.
• 1:34:50
  Speaker 4: But the thing is like, don't you think that big
• 1:34:52
  Speaker 4: business and corporations and super PACs and all these different
• 1:34:57
  Speaker 4: things have gotten so deeply entwined and politic sort of
• 1:35:00
  Speaker 4: a guy ever tried to do anything remotely like that,
• 1:35:03
  Speaker 4: they'd kill them.
• 1:35:04
  Speaker 1: Yeah, they kill him, They kill him. Joe Rogan just
• 1:35:07
  Speaker 1: said the corporations would kill him. Said for president, try
• 1:35:10
  Speaker 1: to break them up. The corporations would kill him. I mean,
• 1:35:13
  Speaker 1: this is this is back to nineteen seventies conspiracy theories
• 1:35:19
  Speaker 1: about big business soil and green movie type things where we,
• 1:35:23
  Speaker 1: you know, we're eating each other and big business selling
• 1:35:26
  Speaker 1: us meat that's actually produced from human beings. It's back to,
• 1:35:30
  Speaker 1: you know, all the dystopian stuff about big business runs
• 1:35:34
  Speaker 1: the world. Big business is the evil manipulating everything. That's
• 1:35:39
  Speaker 1: the ultimate conspiracy's It kind of seemed to have gone
• 1:35:43
  Speaker 1: away during the eighties and nineties and now Joe Rogan
• 1:35:47
  Speaker 1: just said if a president tried to actually clamp down
• 1:35:51
  Speaker 1: on big business, not clear why clamp down on what
• 1:35:54
  Speaker 1: they're doing that's so evil. But if he tried, they
• 1:35:57
  Speaker 1: would literally kill him. The biggest podcast cut. I don't
• 1:36:06
  Speaker 1: know if the world, but in the United States people
• 1:36:10
  Speaker 1: listen to this guy. Yeah, I mean, look, we thought
• 1:36:14
  Speaker 1: Trump was gonna do it. It's clearly he's not gonna
• 1:36:16
  Speaker 1: do it. The things that could be you know, we're
• 1:36:20
  Speaker 1: gonna have one of two guys are gonna have to
• 1:36:22
  Speaker 1: get shot in the head. Why don't you guys gonna
• 1:36:25
  Speaker 1: get shutting again? This is pure violence, right, and the
• 1:36:28
  Speaker 1: corporation's corporations. They've got private armies and they're shooting and
• 1:36:32
  Speaker 1: killing people. It turns up I'm not gonna do it,
• 1:36:36
  Speaker 1: or something else is gonna have to happen some some
• 1:36:39
  Speaker 1: other radical change. There's there's so much dirty what what
• 1:36:44
  Speaker 1: are we gonna give up? No, we can't lose it.
• 1:36:47
  Speaker 4: We got a good thing.
• 1:36:49
  Speaker 1: It's funny politicians. We got a good things going. But
• 1:36:53
  Speaker 1: who produces this good thing that's going? Who produces that?
• 1:36:57
  Speaker 4: You know?
• 1:36:57
  Speaker 1: Who makes it possible for Joe Logan to have this
• 1:36:59
  Speaker 1: podcas cast YouTube and and what's the what's the big
• 1:37:04
  Speaker 1: streaming podcasting thing that he's on the music provider. I mean,
• 1:37:09
  Speaker 1: these are big corporations. YouTube is owned by Evil Google.
• 1:37:14
  Speaker 1: Google one of the biggest companies in the world. Don't
• 1:37:18
  Speaker 1: say anything negative about them because they might shoot you.
• 1:37:21
  Speaker 1: They might kill you. According to Joe Rogan and his
• 1:37:24
  Speaker 1: pals here, I mean, this is so ignorant and so
• 1:37:31
  Speaker 1: conspiracy theory bs. I mean, why would be surprised. I
• 1:37:34
  Speaker 1: mean's Joe Rogan, after all, the master of conspiracy theories.
• 1:37:38
  Speaker 1: And they're not gonna give up that. They're going to
• 1:37:39
  Speaker 1: keep fighting this, but not if it means getting shot. No,
• 1:37:44
  Speaker 1: they don't want to do that.
• 1:37:52
  Speaker 4: We got a good thing.
• 1:37:53
  Speaker 7: It's funny politicians, slowly but surely people try to turn
• 1:38:00
  Speaker 7: everything into some sort of a totalitarian government.
• 1:38:05
  Speaker 4: They slowly want more and more power, more and more control,
• 1:38:09
  Speaker 4: they want more decipher more and more money.
• 1:38:11
  Speaker 1: It's just over time. That's always what you're fighting against. Always.
• 1:38:14
  Speaker 4: But don't you feel like we're at a boiling boy,
• 1:38:16
  Speaker 4: it feels like something's gonna happen.
• 1:38:17
  Speaker 1: Yeah, Pittsford hair, something should have come because if it
• 1:38:20
  Speaker 1: doesn't happen, then We're all gonna be fun.
• 1:38:21
  Speaker 7: No one could get a home, No one can pay
• 1:38:23
  Speaker 7: their bills, flobbery roommates everywhere.
• 1:38:27
  Speaker 1: Literally nobody can get a home. Nobody, nobody can get home.
• 1:38:31
  Speaker 1: Home owner shoot. Today in the United States is just
• 1:38:32
  Speaker 1: the same as it was twenty years ago, thirty years ago,
• 1:38:35
  Speaker 1: forty years ago. It's about sixty four percent. But nobody
• 1:38:38
  Speaker 1: can get home. Nobody can get home, nobody can pay
• 1:38:40
  Speaker 1: their bills. Personal bankruptcies about the same as they've always been.
• 1:38:44
  Speaker 1: They haven't gone through the roof, they haven't exceeded. It
• 1:38:47
  Speaker 1: was the other thing he said. I mean there was
• 1:38:49
  Speaker 1: something else, you know. Oh, fuck cameras, rooms everywhere, Fuck
• 1:38:54
  Speaker 1: cameras everywhere looking at you, evaluating you, judging you, social
• 1:38:58
  Speaker 1: scores begin the United States. Where do these people come
• 1:39:03
  Speaker 1: off with this nonsense? I mean, the implicit pessimism here
• 1:39:10
  Speaker 1: about the state of the country. It's just unhinged. It's
• 1:39:14
  Speaker 1: not connected to any reality. And you add that, Yeah,
• 1:39:18
  Speaker 1: it's corporations which are moving us towards more thoritarianism, authoritarianism
• 1:39:24
  Speaker 1: of the corporations, and they're watching us with the flock cameras.
• 1:39:30
  Speaker 1: I mean, I'm not a huge fan of flock cameras. Right,
• 1:39:33
  Speaker 1: We've talked about this. They need to be really constrained
• 1:39:35
  Speaker 1: and they need to be limited. But this hysteria is
• 1:39:40
  Speaker 1: just off the charts, and this is where the country's
• 1:39:43
  Speaker 1: heading towards. And I think the solution that people like
• 1:39:46
  Speaker 1: Joe are going to get to come to the answer
• 1:39:49
  Speaker 1: to all of this is authoritarianism. We need a politician
• 1:39:53
  Speaker 1: where has absolute power, absolute control to take down these corporations.
• 1:39:58
  Speaker 1: It can be done. Otherwise, as long as we're free,
• 1:40:03
  Speaker 1: it's impossible to take down the oppressors. The real oppressors
• 1:40:07
  Speaker 1: of American people, The real oppressors of the American people
• 1:40:10
  Speaker 1: are not the politicians. They're not are fake intellectuals, are
• 1:40:16
  Speaker 1: student intellectuals? Now, the real oppressors of the American people
• 1:40:19
  Speaker 1: are corporations. By the way, I saw the study and
• 1:40:23
  Speaker 1: I don't have it in front of me. Fascinating study.
• 1:40:26
  Speaker 1: You know, everybody is against the elites, everybody hates the elites. Well,
• 1:40:31
  Speaker 1: here's a question, who are the elites? So people are
• 1:40:35
  Speaker 1: asked who the elites are? And why I think of elites.
• 1:40:37
  Speaker 1: I think of university professors, the intellectuals, the media. You know,
• 1:40:43
  Speaker 1: the kind of the intellectual elites that are and are politicians.
• 1:40:47
  Speaker 1: I think that's the elites. Who do you think Americans
• 1:40:52
  Speaker 1: when they're asked about who the elites are and when
• 1:40:55
  Speaker 1: they reel against the elites, who do they mean? Number
• 1:41:00
  Speaker 1: one billion is number two rich people? Number three CEOs
• 1:41:04
  Speaker 1: of corporation. I mean it's business. That's who they hate.
• 1:41:11
  Speaker 1: That is so un American. And that's completely consistem with
• 1:41:15
  Speaker 1: Joe Rogue. And this is why he's so popular because
• 1:41:19
  Speaker 1: he basically feeds people what you know, sence the reinforces
• 1:41:23
  Speaker 1: to people what they already believe. It's really depressed. This
• 1:41:31
  Speaker 1: isn't a country that loved innovation and tech. We're turning
• 1:41:35
  Speaker 1: against AI. This is a country that love business and entrepreneurs.
• 1:41:40
  Speaker 1: We're turning against against successful entrepreneurs, billionaires, and against business.
• 1:41:46
  Speaker 1: So the elite is code would It's code word for
• 1:41:52
  Speaker 1: class arted. This is why they're left and the right
• 1:41:54
  Speaker 1: see eye to eye on so many things. So when
• 1:41:59
  Speaker 1: you know when people on the way saying, oh, the
• 1:42:02
  Speaker 1: elites have taken over the country, and you always thought, oh,
• 1:42:04
  Speaker 1: they mean the professors and the intellectuals now, and this
• 1:42:08
  Speaker 1: is true in the SURFA. I need to find this
• 1:42:10
  Speaker 1: because it's really valuable. It was broken up between Democrats
• 1:42:14
  Speaker 1: and Republicans, and all Republicans tend to be more suspicious,
• 1:42:18
  Speaker 1: more categorized university professors elite than Democrats. Still a small percentage,
• 1:42:23
  Speaker 1: very small as compared to what they both categorized in
• 1:42:27
  Speaker 1: terms of rich people billionaires to tech tech people. Scary days, guys.
• 1:42:39
  Speaker 1: All right, in spite of that, we keep on going
• 1:42:43
  Speaker 1: and we will continue to fight. Here and the Ion
• 1:42:44
  Speaker 1: book show we do not give up. We will continue
• 1:42:47
  Speaker 1: to fight and you will not silence us. So you know,
• 1:42:51
  Speaker 1: I'm not worried about a corporation putting a bullet in
• 1:42:53
  Speaker 1: my head. That is not one of my main worries
• 1:42:57
  Speaker 1: in life. All right. Thanks on the stick of people, Adrie,
• 1:43:02
  Speaker 1: fifty dollars, Thank you, Thank you, Thank you, Adri really
• 1:43:04
  Speaker 1: appreciate that. Josh and Jason, and yeah, of course Troy
• 1:43:10
  Speaker 1: for the five hundred Australian. Thank you, Thank you, Troy.
• 1:43:13
  Speaker 1: And let's see who else do we have the thumb?
• 1:43:17
  Speaker 1: We have Bonnie, and we have Johnny, and we have
• 1:43:23
  Speaker 1: Stephen Harper and Alan and I think we had maybe
• 1:43:29
  Speaker 1: somebody else appear. Yep. I think that's it all right,
• 1:43:33
  Speaker 1: Thank you, if I missed you and you did a sticker.
• 1:43:36
  Speaker 1: Thank you to everybody who did a sticker. Today, we're
• 1:43:39
  Speaker 1: only one hundred and forty short of our third hour goal.
• 1:43:43
  Speaker 1: We are going to go into that third hour definitely,
• 1:43:46
  Speaker 1: given that we have some questions, all right, Michael, People
• 1:43:50
  Speaker 1: who quite selfishness with narcissism, But is the psychological projection?
• 1:43:55
  Speaker 1: People don't like iman because they themselves are narcissists. They
• 1:44:00
  Speaker 1: believe others owe the validation and happiness. I cuttainly think
• 1:44:04
  Speaker 1: that's true of some people. I don't think it's true
• 1:44:08
  Speaker 1: of everybody. I think a lot of people have bought
• 1:44:09
  Speaker 1: into altruism and they reject selfishness period. But I think
• 1:44:14
  Speaker 1: you're right that a significant number of people who otherwise
• 1:44:18
  Speaker 1: you'd think would be attracted to objectivism and think would
• 1:44:21
  Speaker 1: be attracted to rational self interest are not because the
• 1:44:27
  Speaker 1: Nist and again theists, because they've rejected altruism and they
• 1:44:31
  Speaker 1: believe those are the only true options. And when they
• 1:44:33
  Speaker 1: encounter an option in Iran, it's already too late for them,
• 1:44:37
  Speaker 1: because they're already committed to this idea of validation and
• 1:44:42
  Speaker 1: they need others to grant them happiness. That's connected to
• 1:44:44
  Speaker 1: second handedness and a lot of what Iran talks about
• 1:44:47
  Speaker 1: right and again, to break out of altruisms hold on us,
• 1:44:54
  Speaker 1: which I think the narcissist is is held by altruism.
• 1:44:58
  Speaker 1: You know this the shapes the choice of narcissism or
• 1:45:02
  Speaker 1: their gravitation towards narcissism. To break through altruism, you need
• 1:45:10
  Speaker 1: to be a thinker. You need to be committed to thinking,
• 1:45:15
  Speaker 1: to reason, to rationality. And look, we talked about this
• 1:45:22
  Speaker 1: when we talked about on one of the Members only shows,
• 1:45:26
  Speaker 1: we talked about the missing link. This is exactly what
• 1:45:31
  Speaker 1: she talks about, the missing link. People are our thinkers.
• 1:45:35
  Speaker 1: They're not abstract thinkers. They're not willing to challenge ideas
• 1:45:40
  Speaker 1: that are prevalent in a culture. They just roll with
• 1:45:43
  Speaker 1: them to challenge ideas prevalent in the culture, To challenge
• 1:45:48
  Speaker 1: an idea like altruism that has been with us for
• 1:45:51
  Speaker 1: two thousand years and deeply ingrained in our religion, in
• 1:45:54
  Speaker 1: our secular philosophy, in the way we are brought up
• 1:45:58
  Speaker 1: to really challenge that. You need to have confidence in
• 1:46:02
  Speaker 1: your thinking, in your reasoning capacity, and you need to
• 1:46:06
  Speaker 1: be willing to go there. You need to be willing
• 1:46:08
  Speaker 1: to engage in abstract thought. And the reality is absolutely
• 1:46:12
  Speaker 1: the reality is today very few people are willing to
• 1:46:14
  Speaker 1: do that, very few, and very few have the self
• 1:46:18
  Speaker 1: esteem and the confidence to use their reason in that
• 1:46:22
  Speaker 1: way and to trust their reason in that way. And
• 1:46:27
  Speaker 1: that's what we suffer from. Not a it's it's not
• 1:46:31
  Speaker 1: even gotten to the point of self interest. It's it's
• 1:46:35
  Speaker 1: they can't accept self it's just because self interest requires
• 1:46:38
  Speaker 1: being rational and they can't and they're not rational. The
• 1:46:42
  Speaker 1: crisis we face it is a crisis of reason, a
• 1:46:44
  Speaker 1: crisis of rationality, and it's not a theoretical crisis of
• 1:46:50
  Speaker 1: explain the value of reason. It's the you know, the
• 1:46:53
  Speaker 1: fact that people don't want to psychologically resist, are not
• 1:46:58
  Speaker 1: capable of again because they may bay choices to engage
• 1:47:04
  Speaker 1: in reason and rationale. John, thank you for the stickerp
• 1:47:11
  Speaker 1: thought criminal.
• 1:47:12
  Speaker 3: Thank you for the stick up.
• 1:47:14
  Speaker 1: See to be properly selfish would be to be a
• 1:47:18
  Speaker 1: thought criminal. A thought criminal. I like that name. Oh
• 1:47:24
  Speaker 1: long time since I tuned in, but I love this
• 1:47:27
  Speaker 1: show and thank you for the great work. Please share
• 1:47:30
  Speaker 1: your thoughts on Lindsey and the Lindsay Clancy case. Yeah,
• 1:47:35
  Speaker 1: I mean I'm not following it very carefully because I
• 1:47:39
  Speaker 1: don't find it that interesting. But look, here's a woman
• 1:47:44
  Speaker 1: who murdered her kids, her children. And once in a
• 1:47:47
  Speaker 1: while we get a case like this, right, I mean,
• 1:47:50
  Speaker 1: every few years we get a mother who kills her
• 1:47:54
  Speaker 1: own kids. And you know, in this game, she killed
• 1:48:00
  Speaker 1: three of her children, a daughter who is five and
• 1:48:04
  Speaker 1: two boys won three and one eight months. Raising children
• 1:48:10
  Speaker 1: is an enormous enormous requires an enormous amount of work.
• 1:48:15
  Speaker 1: It is unbelievably challenging. Children are constantly a demand on
• 1:48:20
  Speaker 1: their parent, They constantly want stuff and require attention. It
• 1:48:27
  Speaker 1: is huge. I mean, when you have kids, you're taking
• 1:48:32
  Speaker 1: on an incredible responsibility, and even people who consciously accept
• 1:48:38
  Speaker 1: that responsibility, it is emotionally and psychologically challenging, incredibly challenging.
• 1:48:49
  Speaker 1: And I you know, this woman says she had insaw
• 1:48:53
  Speaker 1: me as she was losing her appetite and she basically
• 1:48:56
  Speaker 1: was crazy, and she did this because she was crazy.
• 1:49:01
  Speaker 1: And more than that, she's saying she asked for help.
• 1:49:04
  Speaker 1: She has to husband to help, and he wouldn't help them.
• 1:49:10
  Speaker 1: So look, I get all that, and I think all
• 1:49:15
  Speaker 1: of that is true, and I think to minimize that
• 1:49:17
  Speaker 1: it is wrong. She was depressed. Being depressed on psychological
• 1:49:26
  Speaker 1: and stable is no excuse to kill your kids. She
• 1:49:32
  Speaker 1: committed murder and she should be sent to prison for
• 1:49:35
  Speaker 1: the rest of her life. And even if she's not,
• 1:49:38
  Speaker 1: how could she ever live with herself. She should put
• 1:49:40
  Speaker 1: a bullet through her brain. She should commit suicide yesterday.
• 1:49:49
  Speaker 1: Now look at the same time, think asking yourself, what
• 1:50:03
  Speaker 1: the hell was the dad doing? Why was he not helping?
• 1:50:09
  Speaker 1: Why didn't he see the extent of which his wife
• 1:50:11
  Speaker 1: was distressed? And so you know, supposedly a month before
• 1:50:23
  Speaker 1: the killing, she went to her mother in law and
• 1:50:27
  Speaker 1: to a husband and told them she had thoughts about
• 1:50:30
  Speaker 1: harming the children. Why was the new intervention? Why didn't
• 1:50:39
  Speaker 1: the husband do something.
• 1:50:44
  Speaker 6: Right?
• 1:50:49
  Speaker 1: I don't know, I don't know, you know, you know,
• 1:50:54
  Speaker 1: supposely this is just a failure of the NHS National
• 1:50:59
  Speaker 1: Health Service, I'm sure, because they didn't provide you know,
• 1:51:02
  Speaker 1: the kind of mental health stuff that they you know,
• 1:51:06
  Speaker 1: or treatment that they needed to help. Look, it doesn't matter.
• 1:51:10
  Speaker 1: This is a clear case about her. She murder the kid,
• 1:51:12
  Speaker 1: she admits that, and she should go to jail for
• 1:51:14
  Speaker 1: the rest of her life. She should have been stronger
• 1:51:16
  Speaker 1: and her husband. I don't know if you could penalize him.
• 1:51:21
  Speaker 1: I can't think of a legal theory under which, but God,
• 1:51:25
  Speaker 1: he should put a bullet through the through his brain.
• 1:51:29
  Speaker 1: The fact that he did not immediately when she said
• 1:51:32
  Speaker 1: she had thoughts of how many children he did not
• 1:51:35
  Speaker 1: take on more responsibilities and helping her out, maybe even
• 1:51:38
  Speaker 1: distance the kids from her until she got psychiatric or
• 1:51:42
  Speaker 1: psychological care. Raising a kid's is not the mother's responsibility.
• 1:51:51
  Speaker 1: It's not just on women to raise kids, and men
• 1:51:58
  Speaker 1: need a step up. And fact that the father didn't
• 1:52:01
  Speaker 1: step up step up is pretty shocking and horrific. So
• 1:52:08
  Speaker 1: that's my take given my limited exposure to the case. Right,
• 1:52:14
  Speaker 1: I don't find these criminal prosecutions that interesting. But but
• 1:52:18
  Speaker 1: you know, obviously this has made the news and it's
• 1:52:20
  Speaker 1: all over the place, right so right, I mean, something
• 1:52:32
  Speaker 1: very wrong was going on in that household. Very well,
• 1:52:38
  Speaker 1: you can't give it, give it. How obvious it was
• 1:52:42
  Speaker 1: a bad shape she was in. How come nobody intervened,
• 1:52:46
  Speaker 1: how come nobody did anything? Again, doesn't doesn't you know
• 1:52:52
  Speaker 1: what do you call? It doesn't reduce her guilt, but
• 1:52:59
  Speaker 1: it increases the id of all these other people. And
• 1:53:03
  Speaker 1: by the way, I saw pictures of women standing out
• 1:53:05
  Speaker 1: in the courtroom expressing how much they love this woman.
• 1:53:10
  Speaker 1: There's nothing to love about this woman. She is a murderer,
• 1:53:14
  Speaker 1: she's crazy. You can feel sorry for her. I feel
• 1:53:19
  Speaker 1: sorry for her. She's not evil in that sense, but
• 1:53:26
  Speaker 1: she's a crazy, sick murderers, murderer, and for people to
• 1:53:35
  Speaker 1: express they love to her, there's something very sick in
• 1:53:39
  Speaker 1: the culture for that to happen. And suppose the husband's
• 1:53:43
  Speaker 1: all to blame. No, that was not blame, but not
• 1:53:46
  Speaker 1: only Jennifer. Show me, don't tell me. I figured out
• 1:53:54
  Speaker 1: the school. Show me, don't tell me. I've heard it
• 1:53:58
  Speaker 1: all before me. Don't tell me. I don't care what
• 1:54:02
  Speaker 1: you say. Show me, don't tell me. Let me see
• 1:54:06
  Speaker 1: exhibit AD. Yeah, that's good, that's good. Show me points reality.
• 1:54:14
  Speaker 1: That's the standard. Not woods Wellia says economic whoa send
• 1:54:22
  Speaker 1: a few bombs to the Demi voud power plant? Na
• 1:54:27
  Speaker 1: tehuan not happening. Obviously we're not serious. Yeah, well we're naxious.
• 1:54:33
  Speaker 1: We're notxious. And you know, I need to do a
• 1:54:35
  Speaker 1: show on the whole morality of war thing because it's
• 1:54:41
  Speaker 1: so dominant in the military. It's so dominant among even
• 1:54:46
  Speaker 1: among people like Trump who pretends like, oh, I'm going
• 1:54:49
  Speaker 1: to destroy the civilization. I'm going to completely flatten them.
• 1:54:52
  Speaker 1: I'm going to do this. They can't do it. They
• 1:54:53
  Speaker 1: can't pull the trigger. And a lot of it has
• 1:54:57
  Speaker 1: to do with just war theory. But they can't bomb
• 1:54:59
  Speaker 1: up op plan because that's against international law and it's
• 1:55:02
  Speaker 1: it's it's not it doesn't qualify unders grow theory, and
• 1:55:07
  Speaker 1: and so on.
• 1:55:07
  Speaker 5: It.
• 1:55:07
  Speaker 1: I just, I just I want to do a I'll
• 1:55:10
  Speaker 1: need I'll do a book review on this. But I
• 1:55:13
  Speaker 1: just finished reading God and the name of the book
• 1:55:18
  Speaker 1: just to escape my mind. It's right down on the
• 1:55:24
  Speaker 1: tip of the second anyway. It's about the introduction of
• 1:55:27
  Speaker 1: AI into the US military, and it's fascinating. But the
• 1:55:33
  Speaker 1: focus and the orientation of the book is really interesting
• 1:55:36
  Speaker 1: in terms of what really troubles people. And so yeah,
• 1:55:40
  Speaker 1: I want to talk about the book on a separate
• 1:55:42
  Speaker 1: show and do just that. Andrew says Ran stressed and
• 1:55:46
  Speaker 1: business sen should stand up for their right and freedom.
• 1:55:49
  Speaker 1: Frustrating that the anti Data Data Center campaign is unopposed.
• 1:55:53
  Speaker 1: Should be contect me blamed for in action is their
• 1:55:56
  Speaker 1: lack of pr awareness negligently. Two yes. But part of
• 1:56:01
  Speaker 1: it is that the AI companies are opposed to AI.
• 1:56:08
  Speaker 1: I mean, listen to the CEOs of the AI companies,
• 1:56:12
  Speaker 1: from Elon Musk to Do to Sam Alfmann. They all
• 1:56:16
  Speaker 1: think AI is going to kill us all and yet
• 1:56:18
  Speaker 1: they're developing in So these are not big proponents of AI.
• 1:56:24
  Speaker 1: So how can they on the one hand doing interviews
• 1:56:27
  Speaker 1: in which they say, oh, the government needs to regulate us.
• 1:56:29
  Speaker 1: The government needs to control us because you know, we
• 1:56:32
  Speaker 1: can do a lot of harm to the world. And
• 1:56:34
  Speaker 1: then the second go out there and say, oh, data centers,
• 1:56:36
  Speaker 1: build more data centers. AI is good for you. They
• 1:56:39
  Speaker 1: can't do it. And of course, remember these are the
• 1:56:43
  Speaker 1: same II companies that are not full profit. They've set
• 1:56:47
  Speaker 1: themselves up as these different benefit type corporations, the anti capitalist.
• 1:56:54
  Speaker 1: It's a very weird reality we're living in right now,
• 1:56:58
  Speaker 1: very weird world in which these innovations are being created
• 1:57:01
  Speaker 1: by these kind of people. All right, Michael, If Democratic
• 1:57:09
  Speaker 1: Socialists win big in the midterms, does that mean DIM
• 1:57:12
  Speaker 1: is mistaken?
• 1:57:13
  Speaker 5: No?
• 1:57:15
  Speaker 1: I mean DIM doesn't say anything about winning a particular election.
• 1:57:21
  Speaker 1: Is the disintegrated left capable of holding power and the
• 1:57:26
  Speaker 1: answer is no. It doesn't mean they can't win in
• 1:57:30
  Speaker 1: particular elections in particular places at particular points in time.
• 1:57:35
  Speaker 1: It just means they cannot hold power. And the more
• 1:57:38
  Speaker 1: they win is part of Dimm's point. The more they win,
• 1:57:43
  Speaker 1: the stronger the backlash will be, and the faster the
• 1:57:47
  Speaker 1: backlash will be. Michael, many young Republicans today basically Nazis. No,
• 1:57:57
  Speaker 1: I don't think so. I don't like the necessarily label
• 1:58:01
  Speaker 1: link with old labels. They're racists. They're anti Semites, the
• 1:58:06
  Speaker 1: National Conservatives or Christian Conservatives more than anything, they're racist,
• 1:58:13
  Speaker 1: anti Semitic Christian Conservatives. That's how I think of him.
• 1:58:17
  Speaker 1: Does that make them Nazis? Not necessarily they might not
• 1:58:19
  Speaker 1: adhere to all the Nazi ideology particulars.
• 1:58:25
  Speaker 3: Andrew.
• 1:58:26
  Speaker 1: For college kids to sit around Stone casually dialoguing to
• 1:58:33
  Speaker 1: casually dialogy to figure out the world is one thing.
• 1:58:37
  Speaker 1: But for Joe Rogan, he's convinced himself that a plausible
• 1:58:42
  Speaker 1: sounding riff on a complex topic is a kin to
• 1:58:45
  Speaker 1: actual knowledge of it. Yeah. I mean, I don't know
• 1:58:48
  Speaker 1: that Joe Rogan knows what knowledge is or conceptualizing knowledges
• 1:58:54
  Speaker 1: in any way. He just riffs All he knows is riffing.
• 1:58:59
  Speaker 1: All he knows is just saying whatever comes into his
• 1:59:02
  Speaker 1: mind and hanging around putting panels together with his buddies
• 1:59:08
  Speaker 1: who are ignorant and who with They just say whatever
• 1:59:14
  Speaker 1: comes into their mind. And he has cultivated conspiracy theories
• 1:59:21
  Speaker 1: from day one because his kind of mind is deceptive
• 1:59:26
  Speaker 1: to those complex explanations do not resonate with a missing link.
• 1:59:33
  Speaker 1: And Joe Rogan is WoT a missing link? And if
• 1:59:39
  Speaker 1: you can't do complex explanations, then conspiracy theories all you got.
• 1:59:46
  Speaker 1: All you got. That's Wogan. Richard says, today's LM's are
• 1:59:54
  Speaker 1: miles wide and inch deep. I think AI will evolve
• 1:59:59
  Speaker 1: like medicine with higherarchys of specialists and subspecialists. It will
• 2:00:04
  Speaker 1: take a lot of people to train and test specialist AIS. Yeah,
• 2:00:09
  Speaker 1: I mean I think that makes sense. It's super interesting
• 2:00:13
  Speaker 1: right now how this is happening and what exactly will happen.
• 2:00:18
  Speaker 1: But yeah, I think you're gonna have to have specialist AIS.
• 2:00:21
  Speaker 1: AI is right now very good at coding, and it's
• 2:00:25
  Speaker 1: gonna have to to take aver other fields is going
• 2:00:29
  Speaker 1: to have to be trained, and that's bi specialists, and
• 2:00:33
  Speaker 1: it's gonna everything's going to be slow out than what
• 2:00:37
  Speaker 1: people expect. Michael says, this is a quote from Richard Feyman. Fineman,
• 2:00:44
  Speaker 1: you have no responsibility to live up to what other
• 2:00:46
  Speaker 1: people think you ought to accomplish. Absolutely so. In other words,
• 2:00:50
  Speaker 1: Fineman is rejecting second handedness. Good for him, Matt. White
• 2:00:56
  Speaker 1: people don't care about Ukraine. It's white people versus white people.
• 2:01:01
  Speaker 1: Neither are seen are super poor or super rich. Neither
• 2:01:04
  Speaker 1: other Jews. Yes, and to the extent that they care,
• 2:01:09
  Speaker 1: they're pro Russia because the Russians are more Christian, perceived
• 2:01:14
  Speaker 1: to be not reading reality, perceived to be more Christian,
• 2:01:18
  Speaker 1: more for family values, more anti LGBTQ, and they're Fogo.
• 2:01:24
  Speaker 1: They're better, they're better white people. Zi guns something like that.
• 2:01:33
  Speaker 1: I'm zef okay. Hey, what's the prognosis for Taitwan's ability
• 2:01:38
  Speaker 1: to fend off Chinese invasion without US support? I mean
• 2:01:45
  Speaker 1: it's assume no you're support and no Japan and no
• 2:01:48
  Speaker 1: South Korea. So they're doing it all by themselves. They
• 2:01:52
  Speaker 1: can fend it off for a while. They can cause
• 2:01:55
  Speaker 1: the Chinese a lot of casualties, but the Chinese have
• 2:01:58
  Speaker 1: an enormous army they have the ability to produce millions
• 2:02:02
  Speaker 1: of drones. They could just keep hammering and hammering and hammering.
• 2:02:08
  Speaker 1: I think without outside support Taiwan falls. Ultimately, it can
• 2:02:15
  Speaker 1: hang on for a long time, though, and it can
• 2:02:17
  Speaker 1: make the world very bloody. Sadly, as I've said in
• 2:02:21
  Speaker 1: the past, Taiwan does not seem to be investing enough
• 2:02:25
  Speaker 1: in its military to really fully fend off a Chinese invasion.
• 2:02:31
  Speaker 1: They're not buying enough weapons, of their population is not
• 2:02:38
  Speaker 1: committed to fighting, it seems so I don't know, you know,
• 2:02:43
  Speaker 1: I guess I don't know enough about what's happening in Taiwan,
• 2:02:46
  Speaker 1: but based on my assessment, they can fend them off
• 2:02:49
  Speaker 1: a long time, but ultimately they will capitulate, and they
• 2:02:55
  Speaker 1: could fend them off for good if Taiwan was willing
• 2:02:57
  Speaker 1: to invest more fully in its self defense in kind
• 2:03:01
  Speaker 1: of weapons systems, I mean, the ultimate would be Taiwan
• 2:03:05
  Speaker 1: being a nuclear power and therefore have nuclear deterrence. They
• 2:03:10
  Speaker 1: need to have enough conventional deterrence to function in the
• 2:03:14
  Speaker 1: same way, and I don't think they do yet. All right,
• 2:03:20
  Speaker 1: Rowland says, total amount of interest I've earned on my
• 2:03:23
  Speaker 1: Swiss Bank account over the last three years is exactly
• 2:03:28
  Speaker 1: zero points zero zero. Thanks yep. I mean I'm surprised
• 2:03:35
  Speaker 1: they're not charging you to keep the money in the bank.
• 2:03:39
  Speaker 1: In other words, negative interests. Philosophy at Work says after
• 2:03:46
  Speaker 1: ten years, I got my first YBS burnout phase. Having
• 2:03:51
  Speaker 1: almost all news stories stained in orange felt like a
• 2:03:56
  Speaker 1: daily weight pulling me down. Then I discovered the newly
• 2:04:03
  Speaker 1: added format with Nikos, which rekindled my love for everything
• 2:04:07
  Speaker 1: You're on Brook, thank you so much for all you do,
• 2:04:11
  Speaker 1: shine on or thank you. I'm not sure what the
• 2:04:14
  Speaker 1: orange refers to exactly. I don't quite understand analogy. Why
• 2:04:19
  Speaker 1: is everything stained in orange? If I do it, in
• 2:04:24
  Speaker 1: what sense am I staining it with orange? Not sure?
• 2:04:28
  Speaker 1: Tomorrow Tomorrow will be my response to critics of capitalism,
• 2:04:34
  Speaker 1: so it will be one of those shows. And tomorrow
• 2:04:37
  Speaker 1: I'm going to take on the new entry in the
• 2:04:40
  Speaker 1: Stanford Encyclopedia of Philosophy Stanford Encyclopedia of Philosophy, which has
• 2:04:48
  Speaker 1: a new entry on capitalism, which it gave to write.
• 2:04:53
  Speaker 1: To write the entry, you know just one person, and
• 2:04:58
  Speaker 1: that person is a better anti capitalist. So the entry
• 2:05:03
  Speaker 1: in the Stanford Diction Dictionary or Encyclopedia philosophy on capitalism
• 2:05:10
  Speaker 1: is written by a anti capitalist and it's horrible. So
• 2:05:15
  Speaker 1: I will take her, the woman who wrote it. I'll
• 2:05:19
  Speaker 1: find a video of her and we will analyze that.
• 2:05:22
  Speaker 1: I will also introduce you to what was written in
• 2:05:26
  Speaker 1: the Stanford Encyclopedia and integrate. Integrate the two what she
• 2:05:31
  Speaker 1: says in the video and what is written in the encyclopedia.
• 2:05:34
  Speaker 1: So it should be a really interesting show tomorrow. Again,
• 2:05:37
  Speaker 1: this is one of the most prestigious publications in the
• 2:05:40
  Speaker 1: world out there. Right, Uh, it's entry on nine Rand
• 2:05:46
  Speaker 1: is not as bad as it's Entine in Capitalism, now, right,
• 2:05:51
  Speaker 1: Jeremy has you can twist perception, reality won't budge, you
• 2:05:56
  Speaker 1: can raise objections, will be I will be the judge
• 2:06:01
  Speaker 1: and the jury. Okay, I'm going to do this again
• 2:06:03
  Speaker 1: because this is again from Rush. You can twist perceptions,
• 2:06:08
  Speaker 1: reality won't budge, you can raise objections. I will be
• 2:06:13
  Speaker 1: the judge and the jury. That's great. That's a great lyrics,
• 2:06:19
  Speaker 1: no question about it. Thank you, Jeremy. Really appreciate the support.
• 2:06:24
  Speaker 1: All right, guys, thank you thanked all the super Shatters,
• 2:06:27
  Speaker 1: Thanks all the support. I appreciate it.
• 2:06:30
  Speaker 7: I will.
• 2:06:32
  Speaker 1: See you tomorrow. For an analysis of a critic of capitalism,
• 2:06:39
  Speaker 1: and I think it should be interesting, so I think
• 2:06:42
  Speaker 1: you'll enjoy it, so join us. It'll be the same
• 2:06:44
  Speaker 1: time as today to be an East coast time. I
• 2:06:46
  Speaker 1: know that's not super convenient for a lot of you,
• 2:06:49
  Speaker 1: but I hope enough if you can make it and
• 2:06:53
  Speaker 1: bring your questions about capitalism and anything else, questions about
• 2:06:56
  Speaker 1: anything else. So this is the new type of show
• 2:06:59
  Speaker 1: that I'm doing. When I'm critiquing the critics of capitalism,
• 2:07:02
  Speaker 1: I'm taking their critique of capitalism and defending capitalism against it.
• 2:07:06
  Speaker 1: So we will continue that series. We'll do one every
• 2:07:09
  Speaker 1: week hopefully, and the next one is tomorrow. Saturday is
• 2:07:15
  Speaker 1: an Ama, ask me Anything. If you're a contributor of
• 2:07:18
  Speaker 1: twenty five dollars or more, you should have received a
• 2:07:20
  Speaker 1: link for that. And on Sunday we got Nikos and
• 2:07:25
  Speaker 1: we will be talking about Patrick the Need, the professor
• 2:07:32
  Speaker 1: from Notre Dame. Notre Dame professor, hugely influential on the right,
• 2:07:39
  Speaker 1: post liberal, hugely influential in the National Conservatives in the
• 2:07:44
  Speaker 1: gd vance sphere of the universe. Talk to you all tomorrow, Bye, everybody.
• 2:08:00
  Speaker 7: K