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Surrender?; AI Encyclical; Debt trap; Piker-Bezos; NYC Crime; Human Achievement | Yaron Brook Show · Yaron Brook Show

• 0:03
  Speaker 1: A lot of them, fundamental principles of Ledo, La cell
• 0:09
  Speaker 1: interest and individual lots. This is the show. Oh right, everybody,
• 0:21
  Speaker 1: welcome to one book show on this Memorial Day, Monday May.
• 0:26
  Speaker 1: I hope everybody is having a fantastic long weekend. It's
• 0:31
  Speaker 1: been quite a weekend. God, yeah, I might as well
• 0:36
  Speaker 1: just jump in. I mean, this weekend has been crazy.
• 0:39
  Speaker 1: It's been crazy because of the constant room or mill
• 0:44
  Speaker 1: around a deal in Iran, or as some would call it,
• 0:49
  Speaker 1: whether the United States are surrendered yet or not. So
• 0:54
  Speaker 1: the room mill, what are the conditions of surrender? What
• 0:58
  Speaker 1: are the terms? Continue? On Saturday, Trump came out and said, oh,
• 1:04
  Speaker 1: we're very close to the deal. The deal is almost
• 1:06
  Speaker 1: about to be signed. And the internet just just freaked out,
• 1:10
  Speaker 1: and including many Republicans who freaked out, and articles and
• 1:15
  Speaker 1: tweets and everything else we're published about how pathetic the
• 1:19
  Speaker 1: deal was and how awful Trump was. So yesterday he said, well,
• 1:24
  Speaker 1: you know, it's slow down. You know, we're still negotiating.
• 1:27
  Speaker 1: Don't freak out. We haven't got a deal yet. And
• 1:30
  Speaker 1: he told his negotiators not to rush it. And and
• 1:34
  Speaker 1: as of this afternoon, every two minutes there's a. There's
• 1:38
  Speaker 1: a post somewhere by somebody saying, oh, there's a deal,
• 1:41
  Speaker 1: We've got a deal. Here o the terms, and then
• 1:43
  Speaker 1: somebody else saying no, the Ranian city, there's no deal.
• 1:45
  Speaker 1: And this anyway, it's still crazy. The only thing for
• 1:49
  Speaker 1: certain is that with every deal there's no deal, there's
• 1:53
  Speaker 1: somebody trading oil futures and making money on inside the trading.
• 1:58
  Speaker 1: So the ones tea is that there is a bunch
• 2:02
  Speaker 1: of money being made by people. Anyway, there is negotiations
• 2:08
  Speaker 1: going on, no question about that. The Kata Katari's, the
• 2:13
  Speaker 1: Qataris are great friends in Kata. The you know, the
• 2:17
  Speaker 1: number two fund of terrorism in the world, the Katari
• 2:20
  Speaker 1: government are you know, number one fund of terrorism in
• 2:23
  Speaker 1: the world is Yon. Number two is Kata. They are
• 2:25
  Speaker 1: at the heart of the negotiation. I guess they They
• 2:28
  Speaker 1: have more in common with the Iranians than anybody else.
• 2:30
  Speaker 1: They can understand Iranians better than anybody else. The Pakistanis
• 2:34
  Speaker 1: are involved in negotiations as well. On Saturday, Trump had
• 2:38
  Speaker 1: a call with the heads of state of like you know,
• 2:42
  Speaker 1: ten Arab countries, Saudi Arabia and Yui and Bahrain and
• 2:47
  Speaker 1: Kuwait and maybe Oman and I think toky and Egypt
• 2:51
  Speaker 1: in Pakistan wall there and he told them about this
• 2:56
  Speaker 1: great deal and and got their support from it for it. Basically,
• 3:01
  Speaker 1: the saud East and in particularly Yui, have come to
• 3:04
  Speaker 1: the conclusion it seems that America cannot be trusted, that
• 3:09
  Speaker 1: America will not defend them, will not protect them, that
• 3:11
  Speaker 1: America cannot be trusted to get rid of their number
• 3:15
  Speaker 1: one enemy in the Middle East, which is Iran. That
• 3:19
  Speaker 1: Iran is going to come out of this. I think
• 3:21
  Speaker 1: they are pretty convinced, more powerful than ever, and they
• 3:27
  Speaker 1: you know, they need to. You know, there's no point
• 3:30
  Speaker 1: in objecting to this deal. They will have to basically
• 3:35
  Speaker 1: go cut deals themselves with the Iranians and survive that way.
• 3:42
  Speaker 1: I mean, here's the thing. Remember, I've said this many times.
• 3:46
  Speaker 1: I've said this since the Ghost Revolution, and I certainly
• 3:50
  Speaker 1: since this, since the demonstrations in January. The overthrow of
• 3:54
  Speaker 1: the Iranian regime. Regime change in Iran would be the
• 3:58
  Speaker 1: most significant your political event of the twenty first century. Suddenly,
• 4:04
  Speaker 1: but maybe since World War Two. I Mean, they had
• 4:07
  Speaker 1: huge ramifications, all positive in terms of terrorism, the growth
• 4:12
  Speaker 1: of Islamism, we configuring of the Middle East, in favor
• 4:17
  Speaker 1: of Israel and the United States, the new allies to
• 4:21
  Speaker 1: the United States, not just in Iran and you Iran
• 4:23
  Speaker 1: with a new government, but also a much greater commitment
• 4:27
  Speaker 1: in Saudi Arabia and other Arab states towards peace in Israel,
• 4:31
  Speaker 1: and just a complete shift in the Middle East towards
• 4:36
  Speaker 1: the West. But the flip side is also true. And
• 4:42
  Speaker 1: the flip side is something that I have to admit
• 4:45
  Speaker 1: that I did not imagine at the beginning of the war.
• 4:48
  Speaker 1: I did not imagine that the war would end with
• 4:52
  Speaker 1: Iran being stronger than it was at the beginning of
• 4:55
  Speaker 1: the war. I just didn't see that coming because to me,
• 5:00
  Speaker 1: I mean, the United States and Israel had overwhelming superiority
• 5:03
  Speaker 1: over the Iranian regime. They were beating them and crushing
• 5:07
  Speaker 1: them and destroying them in systematic, powerful ways. While you know,
• 5:14
  Speaker 1: the Homo Straits was the blocking the Homo States where
• 5:17
  Speaker 1: everyone was a setback. I was convinced that the US
• 5:20
  Speaker 1: Navy would open up the Homo Straits and do the
• 5:23
  Speaker 1: right thing, and that even Trump wasn't stupid enough to
• 5:27
  Speaker 1: keep them closed, that that was so obviously a losing
• 5:32
  Speaker 1: strategy that he would have to do something and that
• 5:36
  Speaker 1: the Navy was competent enough to be able to open
• 5:40
  Speaker 1: the Homo Straits. In other words, I underestimated the extent
• 5:46
  Speaker 1: to which you know Trump is. Can't think, I think
• 5:53
  Speaker 1: is the right way to put it without being too insulting.
• 5:56
  Speaker 1: Can't think, can't plan, can't strategize. And look, this comes
• 6:00
  Speaker 1: from somebody who has a very, very very low opinion
• 6:03
  Speaker 1: of Trump, and yet it wasn't low enough. And I apologize.
• 6:09
  Speaker 1: I apologize to all of you guys, because I should
• 6:11
  Speaker 1: have seen this coming. I should have been anti this war,
• 6:17
  Speaker 1: because I should have seen that Trump has the unique
• 6:20
  Speaker 1: ability to take a situation in which it's almost impossible
• 6:25
  Speaker 1: to contimplate how Iran doesn't get dramatically weaker, and how
• 6:32
  Speaker 1: the United States can at least partially win, even if
• 6:35
  Speaker 1: not a complete victory. And I couldn't see how he
• 6:38
  Speaker 1: could actually actually lose this war and end it with
• 6:43
  Speaker 1: Iwan stronger. Now why would Ivan be stronger? And I've
• 6:46
  Speaker 1: warned about this. I've warned about this, but I never
• 6:49
  Speaker 1: really believed it would actually happen. I've warned about this
• 6:52
  Speaker 1: from the first week of the war. Iran controlling the
• 6:56
  Speaker 1: straits of Homos gives you on a massive geopolitic weapon.
• 7:02
  Speaker 1: And the very fact that the United States did not
• 7:04
  Speaker 1: open the streets of Homos by force proved to the Ranians.
• 7:08
  Speaker 1: And by the way, everybody in the world that the
• 7:11
  Speaker 1: United States either can't or more likely doesn't have the
• 7:17
  Speaker 1: will to actually engage in a serious military effort like
• 7:24
  Speaker 1: opening up the straits, and as a consequence, it puts
• 7:29
  Speaker 1: the United States in an unbelievably weak position. The entire
• 7:33
  Speaker 1: world just look at the United States right now, and
• 7:35
  Speaker 1: it's what it sees is pathetic weakness. Pathetic because the
• 7:41
  Speaker 1: United States didn't even try. China looks at the United
• 7:45
  Speaker 1: States and I think you saw that with the meeting
• 7:47
  Speaker 1: was She and Trump, and it sees pathetic weakness, whereas
• 7:51
  Speaker 1: a few weeks earlier it'saw unbelievable strengths. The ability of
• 7:56
  Speaker 1: the United States has just crushed the Iranians was just
• 7:59
  Speaker 1: unbelo bele There is superiority. The superiority of the weapons
• 8:03
  Speaker 1: systems over Chinese and Russian equipment was overwhelming, and the
• 8:10
  Speaker 1: assessment went from Wow, the West has better weapons than us,
• 8:15
  Speaker 1: we better be careful to the West does not have
• 8:18
  Speaker 1: the will to fight and therefore, we have nothing to
• 8:20
  Speaker 1: fear because maybe they have great tech, maybe they have
• 8:23
  Speaker 1: great weapons, maybe they even have the best, maybe they
• 8:29
  Speaker 1: even have the best soldiers, but without the will to fight,
• 8:38
  Speaker 1: unless it's from thirty thousand feet and bombing, but anything
• 8:43
  Speaker 1: that actually puts Americans at risk, the United States won't
• 8:48
  Speaker 1: do it, won't place its soldiers in harm's way. That
• 8:53
  Speaker 1: is a message that reverberates throughout the entire world. America
• 8:58
  Speaker 1: is weak. America cannot and will not fight. And it's
• 9:05
  Speaker 1: a travesty to American soldiers and American troops in American
• 9:09
  Speaker 1: military because they are capable, but they have you know,
• 9:18
  Speaker 1: they have shown the world how weak and pathetic their
• 9:22
  Speaker 1: will is. The decision making, is the ability to strategize,
• 9:28
  Speaker 1: the ability to think long term, and their willingness to
• 9:31
  Speaker 1: deploy troops in that cause. And really, you know, it
• 9:34
  Speaker 1: started really from day one, and it's stuff from day one.
• 9:38
  Speaker 1: In two of gods, the two major failures of this war,
• 9:43
  Speaker 1: and both on Trump. The first is the unwillingness and
• 9:49
  Speaker 1: inability to communicate why this war was essential, what the
• 9:55
  Speaker 1: goals were, and why it was essential and the goal
• 9:58
  Speaker 1: should have been regime change, and Trump should have gone
• 10:02
  Speaker 1: to Congress, and Trump should have made the case strongly
• 10:08
  Speaker 1: enough and persuasively enough and consistently enough, and over and
• 10:11
  Speaker 1: over again to get enough Congression support to grant him
• 10:17
  Speaker 1: the ability to engage in military operations against I won.
• 10:20
  Speaker 1: And he should have done that in January, in February,
• 10:26
  Speaker 1: just a kind of a blank check to engage in
• 10:28
  Speaker 1: military operations, and he might have even been successful. There
• 10:31
  Speaker 1: was enough support among Republicans and maybe even among some
• 10:34
  Speaker 1: Democrats to do it. So that is one, and of
• 10:39
  Speaker 1: course that was his constitutional duty. The Constitution clearly says
• 10:46
  Speaker 1: who gets to declare war, and that's Congress, and he
• 10:49
  Speaker 1: should have asked them to grant him approval to engage
• 10:55
  Speaker 1: in war. Second, the fact that on day one, on
• 11:03
  Speaker 1: day one, the focus was not on keeping the stretch
• 11:06
  Speaker 1: of home was open. Just a shocking strategic failure, just
• 11:12
  Speaker 1: militarily about as amateuristic as you can get. I called it.
• 11:18
  Speaker 1: From everything I've read, this good indication that the military
• 11:21
  Speaker 1: command told Trump this is necessary, and he blew it off,
• 11:26
  Speaker 1: didn't think it was important. Those are the two errors.
• 11:35
  Speaker 1: They're right for the beginning, and that you know, I
• 11:38
  Speaker 1: should have seen that with those two errors and his
• 11:41
  Speaker 1: inability and unwillingness and incompetence to correct them, that this
• 11:47
  Speaker 1: could end in a disaster, saying what way is would
• 11:51
  Speaker 1: you want be stronger? Well, if everything coming out of
• 11:53
  Speaker 1: this agreement is true, and this agreement will include the
• 11:58
  Speaker 1: Iranians in one way or another, controlling the straits forever
• 12:02
  Speaker 1: and it being legitimized. Trump supposedly doesn't like the wood toll,
• 12:10
  Speaker 1: so they're calling it a fee. They're even calling it
• 12:14
  Speaker 1: supposedly an environmental fee to you know, to keep the
• 12:20
  Speaker 1: gulf clean or whatever. And they're doing it with Oman,
• 12:25
  Speaker 1: so Oman and you Wan together would control the straights.
• 12:29
  Speaker 1: Oman has no military, no missiles, no ability to control everything.
• 12:33
  Speaker 1: So it really is, it really will be the Ranians,
• 12:38
  Speaker 1: and it would be a fee charged to every ship
• 12:40
  Speaker 1: coming out. And we now know that you won at
• 12:43
  Speaker 1: any moment can block the straits of Homos and nobody
• 12:47
  Speaker 1: is willing to stop them. So it gives them this incredible,
• 12:52
  Speaker 1: powerful tool to blackmail the world, to blackmail America, to
• 12:56
  Speaker 1: blackmail whoever they want to at any point in time.
• 13:00
  Speaker 1: They can also let go the ships that they want,
• 13:03
  Speaker 1: for example, heading to China and block everybody else they
• 13:07
  Speaker 1: will control the straits. It's a massive win for you
• 13:13
  Speaker 1: on In addition, they are not committing to anything with
• 13:17
  Speaker 1: regard to the nuclear program. They're committing to something about
• 13:20
  Speaker 1: they will not seek nuclear weapons. They're going to say that.
• 13:24
  Speaker 1: Who cares what they say. They've been lying for decades.
• 13:33
  Speaker 1: They've been lying for decades, so they will say that.
• 13:36
  Speaker 1: But they're not committing to anything with regard to the
• 13:39
  Speaker 1: enrichuanium that is to be negotiated. That is that in
• 13:43
  Speaker 1: thirty days, we'll figure that out. They're also, by the way,
• 13:46
  Speaker 1: committing in this agreement to opening the Straits of Homos.
• 13:49
  Speaker 1: But remember the whole basis of the cease fire. What
• 13:54
  Speaker 1: is sixty days ago, two months ago, that ware to
• 13:56
  Speaker 1: cease fire, the ceasefire was supposed to be still bombing
• 14:00
  Speaker 1: you and you open the states of Homos, We stop bombing.
• 14:04
  Speaker 1: And what happened to states of Homos? They stayed closed.
• 14:08
  Speaker 1: I mean, Iran has violated the terms of the ceased
• 14:12
  Speaker 1: fire from day one, and we have done nothing. That
• 14:17
  Speaker 1: is such an unbelievable expression of weakness. It really is.
• 14:25
  Speaker 1: It's hard to contemplate. And now we're starting from that
• 14:27
  Speaker 1: position of weakness. So in this position. Why would we
• 14:31
  Speaker 1: trust anything Ran tells us? And of course why would
• 14:35
  Speaker 1: we trust Trump who couldn't cut a deal around the
• 14:38
  Speaker 1: cease fire, a deal that the Uranians were to buy by.
• 14:43
  Speaker 1: Why would he kint a deal that they were to
• 14:44
  Speaker 1: buy by here? I mean Trump has been awful when
• 14:48
  Speaker 1: he comes to farm policy on both terms, and he
• 14:52
  Speaker 1: was awful in China. He's been awful with North Korea.
• 14:55
  Speaker 1: I mean, what is he achieved from a from a
• 14:58
  Speaker 1: a farm policy. Nothing awful in Ukraine, awful now in Iran.
• 15:11
  Speaker 1: So uranium is in the future, and in the meantime,
• 15:14
  Speaker 1: the United States will start releasing foes and assets. Now, supposedly,
• 15:20
  Speaker 1: the Trumpet administration doesn't want to call it unfreezing of
• 15:23
  Speaker 1: assets because he doesn't he thinks that will look bad.
• 15:27
  Speaker 1: So they're gonna come up with a new term to
• 15:30
  Speaker 1: replace unfreezing and then sanctioned relief and the Uranian regime
• 15:35
  Speaker 1: will start printing money again in huge quantities. And by
• 15:43
  Speaker 1: the way, this is this is so weakening US visa
• 15:47
  Speaker 1: of Echina. It basically says the United States does not
• 15:51
  Speaker 1: control the sea lanes anymore. I mean, the United States
• 15:54
  Speaker 1: had an opportunity with Iran to completely reset with regards
• 15:59
  Speaker 1: to China, with a new regime with Iwan, with the
• 16:02
  Speaker 1: United States increased influence in the Straits of Homos, China
• 16:07
  Speaker 1: would be choked because all of its all supplies would
• 16:11
  Speaker 1: have to either come from where would they come from?
• 16:13
  Speaker 1: The only place would be Russia, because Iran would be
• 16:15
  Speaker 1: friendly to the United States. Venezuela now friendly to the
• 16:19
  Speaker 1: United States, choking China. But now with the Iran controlling
• 16:23
  Speaker 1: the States of Homos and the United States out of there.
• 16:27
  Speaker 1: Out of there, the China is emboldened and China sees
• 16:39
  Speaker 1: how weak the United States is. And with regard to Ukraine,
• 16:43
  Speaker 1: Ukraine is winning in spite of Trump, not because of Trump.
• 16:48
  Speaker 1: Trump backed Putin. Trump backed Putin, He wanted Putin to win.
• 16:53
  Speaker 1: He did everything in his power to back Putin. Another
• 16:59
  Speaker 1: massive Trump see failure failure. He insulted Zelinski, He basically
• 17:05
  Speaker 1: insulted the Ukrainians. We supply the Ukrainians with no aid
• 17:10
  Speaker 1: and even weapons. We struggle with getting to them, even
• 17:14
  Speaker 1: though they're buying them, or the Europeans are buying them
• 17:16
  Speaker 1: for them. We struggle to get them too. And Ukraine,
• 17:19
  Speaker 1: in spite of Trump's treatment of them, are still winning.
• 17:21
  Speaker 1: What an embarrassment to Trump. So when it comes to China,
• 17:27
  Speaker 1: this is a massive loss of US prestige, of US strength.
• 17:34
  Speaker 1: And now they have guaranteed passage of oil to China,
• 17:37
  Speaker 1: not only from Yuan, but you will see Saudi Arabia, Uae, Bahrain.
• 17:42
  Speaker 1: Those countries are going to turn to China and become
• 17:46
  Speaker 1: much friendlier with China because America cannot be trusted. America
• 17:54
  Speaker 1: has Bakski stabbed them all in the back. So I
• 18:02
  Speaker 1: mean extent to which Trump here is a loser. It's
• 18:06
  Speaker 1: just hard to mitigate. And of course he is lashing
• 18:09
  Speaker 1: out left and right on truth social writing, accusing everybody
• 18:14
  Speaker 1: nobody knows what the deal really is, and wait until'll
• 18:17
  Speaker 1: see this will be the most beautiful deal ever and
• 18:19
  Speaker 1: then make Obama's deal. You know, this is the exact
• 18:22
  Speaker 1: opposite of Obama's deal. This is a worse deal than
• 18:24
  Speaker 1: Obama's deal. He says, if I make a deal with
• 18:30
  Speaker 1: you on it will be a good and proper one,
• 18:32
  Speaker 1: not like the one made by Obama, which gave you
• 18:34
  Speaker 1: on massive amounts of cash and a clear and open
• 18:37
  Speaker 1: path to nuclear weapon. By all indication, this one is
• 18:40
  Speaker 1: going to give them much more cash than Obama did.
• 18:45
  Speaker 1: He says, oh deal is the exact opposite, but nobody
• 18:48
  Speaker 1: has seen it or knows what it is. I don't
• 18:51
  Speaker 1: think he knows what it is. It isn't even fully
• 18:53
  Speaker 1: negotiated yet. So don't listen to the losers who are critical,
• 18:57
  Speaker 1: who are critical about something they know nothing about, unlike
• 19:00
  Speaker 1: those before me who should have solved this problem many
• 19:04
  Speaker 1: years ago. I don't make bad deals. He makes bad
• 19:06
  Speaker 1: deals all the time. He is one of from a geopolitico,
• 19:11
  Speaker 1: from policy perspective, I can't think of a president who's
• 19:14
  Speaker 1: being worse at making deals. What was a good deal
• 19:21
  Speaker 1: that he made? Alienated our allies? He alienated Europeans, alienated Canada.
• 19:32
  Speaker 1: Where's the good deals? China? Is emboldened by everything he does,
• 19:36
  Speaker 1: and by his visit to China, where he looked small
• 19:40
  Speaker 1: and meek as COMPETI she the deals he made with Putin.
• 19:45
  Speaker 1: Putin violated all of them. Didn't make a deals? I mean,
• 19:52
  Speaker 1: what deals has he made? None? Right on Saturday, he
• 20:00
  Speaker 1: he wrote that the deal was agreement was largely negotiated,
• 20:03
  Speaker 1: But then he said, we don't want to be rushed anyway.
• 20:11
  Speaker 1: It's true, we don't exactly know what's going to be
• 20:14
  Speaker 1: in the deal, but we know that Trump wants a deal,
• 20:20
  Speaker 1: and it looks like Vance and Wickcoff and Kushner, you know,
• 20:25
  Speaker 1: those people are really pushing for a deal. It's likely
• 20:29
  Speaker 1: that Hickseth and Rubio are pushing against the deal. So
• 20:35
  Speaker 1: for Dvance and Wickcoff in particularly Witcoff, I think it's
• 20:37
  Speaker 1: very influential, a winning in that. But it's yeah, it's
• 20:45
  Speaker 1: it's pretty amazing. But he you know, and and he's
• 20:53
  Speaker 1: going back and forth, and he's not committing to anything.
• 20:56
  Speaker 1: And I mean a headline just a little bit a
• 21:00
  Speaker 1: while ago was two sources close to Trump's negotiation team
• 21:04
  Speaker 1: say Trump now completely backing away from the Usron deal
• 21:08
  Speaker 1: under extreme internal pressure from Israel and US domestic allies.
• 21:16
  Speaker 1: I mean, I don't know what's ultimately gonna happen. Is
• 21:19
  Speaker 1: another story as of when was this, as of I
• 21:24
  Speaker 1: don't know, two hours ago, three hours ago. You know,
• 21:30
  Speaker 1: the Foreign Ministry of Yuan just called every report of
• 21:33
  Speaker 1: a uranium handover a deal a pure lie, then said
• 21:37
  Speaker 1: no agreement exists, no agreement will exist, and nobody should
• 21:40
  Speaker 1: claim otherwise. So Ian is saying there's no deal. So
• 21:45
  Speaker 1: who knows, So it's impossible to tell what exactly is
• 21:48
  Speaker 1: going on that in that Trump is actually right. But
• 21:54
  Speaker 1: let me put it differently, Nothing not a zero can
• 22:00
  Speaker 1: good can come of a deal with you, on any
• 22:02
  Speaker 1: kind of deal, No matter what is in that deal,
• 22:04
  Speaker 1: nothing good can come of it. And to the extent
• 22:10
  Speaker 1: that there is a deal, it is likely that the
• 22:18
  Speaker 1: deal is such that Iran is in a better situation.
• 22:23
  Speaker 1: For a simple reason, Ion doesn't care if there's a deal.
• 22:28
  Speaker 1: Iran is a fanatic religious fanatics. They're willing to wait
• 22:32
  Speaker 1: this out. They're willing to just hang on there, hang
• 22:39
  Speaker 1: in there. And Trump is desperate for a deal as
• 22:46
  Speaker 1: part of his true social Trump went on and on
• 22:50
  Speaker 1: about Saudi Arabia and Pakistan and you know Kato joining
• 22:56
  Speaker 1: the Abraham Accords and him putting pressure on them to
• 22:59
  Speaker 1: join the Abrahamacord. Then they're going to join the Amba
• 23:01
  Speaker 1: courts as part of this deal. I am willing to
• 23:04
  Speaker 1: you don't make a prediction. My prediction is that Saudi
• 23:07
  Speaker 1: Arabia and Katcha will not join the Abraham Accords if
• 23:12
  Speaker 1: a deal is struck. Indeed, the opposite is true, that
• 23:15
  Speaker 1: is this a deal would mean Saudi Arabia and Katcha
• 23:21
  Speaker 1: are less likely than ever to sign a peace deal
• 23:24
  Speaker 1: with Israel because it means that they will orient elsewhere.
• 23:30
  Speaker 1: If there was regime changing you on, if there was
• 23:34
  Speaker 1: an Israelian American victory over you Wan click out, an
• 23:37
  Speaker 1: equivocal victory, then Saudi Arabia would sign a peace deal
• 23:41
  Speaker 1: with you on with Israel. You know, Saudi Arabia generally
• 23:48
  Speaker 1: people like a winner. They resent losers. They don't like losers.
• 23:55
  Speaker 1: So no, there's this is ridiculous. It's not going to happen.
• 24:00
  Speaker 1: But he keeps pushing that, he keeps pointing to that,
• 24:03
  Speaker 1: trying to present this as a big, comprehensive, world changing thing.
• 24:13
  Speaker 2: All right, I know he's uh, yeah, I mean what
• 24:28
  Speaker 2: happens is.
• 24:33
  Speaker 1: Yeah, I mean what's happening is every time the United
• 24:41
  Speaker 1: States backs off the deal, gets too blamed for that,
• 24:45
  Speaker 1: gets too blamed for that Israel. And you'll see both
• 24:49
  Speaker 1: in mega and on the left that Israel will be
• 24:54
  Speaker 1: blamed if there's no deal. It's Natanielle's influence on Trump.
• 25:00
  Speaker 1: It's the Jews. They're the ones responsible for no deal
• 25:04
  Speaker 1: with you on. If it was up to just Trump,
• 25:06
  Speaker 1: there would have been a beautiful, amazing deal. It's the
• 25:09
  Speaker 1: Jews preventing it. But anyway, we will see. You know,
• 25:15
  Speaker 1: who knows when there'll be a deal. It won't be
• 25:16
  Speaker 1: a deal. That's why I put a question mark. But
• 25:18
  Speaker 1: as I said, any deal is a bad deal. I
• 25:21
  Speaker 1: can't imagine a good deal. It's almost certain will not
• 25:28
  Speaker 1: be a good deal. And then you know, we'll go
• 25:31
  Speaker 1: from there. We'll see, we'll see what happens. We'll see
• 25:34
  Speaker 1: what happens if there is no deal. What Trump's alternative is,
• 25:40
  Speaker 1: because I think the one thing is again the Gulf
• 25:43
  Speaker 1: State's afraid of is they're afraid that the US strikes
• 25:48
  Speaker 1: you on but half measures, not seriously, not debilitating enough.
• 25:55
  Speaker 1: But the Iranians then strike the infrastructure of the Saudi
• 26:00
  Speaker 1: and the UEE and the rest of the Gulf states.
• 26:03
  Speaker 1: They bear the damage, not Israel. They bear the damage.
• 26:07
  Speaker 1: And yet the United States doesn't go on to win.
• 26:11
  Speaker 1: I think they will need to take the damage if
• 26:13
  Speaker 1: there's victory at the end, but it doesn't. But they
• 26:24
  Speaker 1: don't believe, they don't believe that there is going to
• 26:28
  Speaker 1: be victory. All right, let's see what else is there. Yeah,
• 26:47
  Speaker 1: this is the Ranian Foreign Ministry in a press conference
• 26:50
  Speaker 1: saying there is no toll. People should use the correct terminology.
• 26:54
  Speaker 1: You Wan and Amana currently drafting a new protocol. Under
• 26:57
  Speaker 1: this new system, maritime services will be provided to protect
• 27:01
  Speaker 1: the environments of these Straits of Homos, the Persian Gulf
• 27:04
  Speaker 1: and the Sea of Oman, which requires the collection of
• 27:07
  Speaker 1: an environmental tax. Not at all, it's a tax. We
• 27:10
  Speaker 1: hope to reach a final agreement with Amano. Inous Matterson
• 27:16
  Speaker 1: talk about nineteen eighty four double speak, the craziness of
• 27:20
  Speaker 1: using language right God, And it's going to be interesting
• 27:28
  Speaker 1: to see what Israel does. I just saw Israel is
• 27:32
  Speaker 1: bombing the hell out of Krisbela right now in the
• 27:35
  Speaker 1: Baccha Valley in Lebanon. I think Israel is super afraid
• 27:40
  Speaker 1: that as part of this deal that Trump makes, he
• 27:44
  Speaker 1: will commit Israel to a ceasefire in Lebanon and that
• 27:47
  Speaker 1: they will be constrained in the ability to defend themselves
• 27:50
  Speaker 1: against Grisbella. So I think they're probably just going all
• 27:54
  Speaker 1: out right now in trying to trying to eliminate that
• 27:58
  Speaker 1: particular You know that that particular threat, as much as
• 28:03
  Speaker 1: they can't they can't eliminate it, they can so They've
• 28:05
  Speaker 1: got a list of targets. They're going to try to
• 28:07
  Speaker 1: hit as many of those targets before here. It just
• 28:11
  Speaker 1: in right, So this is this is Nintennio speaking Nanniao
• 28:16
  Speaker 1: instructed idea, have to escalate the war against Risbella. No
• 28:20
  Speaker 1: more restraint, full attack. Yeah, and there's a reason for this.
• 28:24
  Speaker 1: He's he's worried that he is going to be forced
• 28:27
  Speaker 1: into a cease fire he doesn't want, so he is
• 28:30
  Speaker 1: going all in. Israel will try to achieve as much
• 28:35
  Speaker 1: militarily as a can between now and when this deal
• 28:38
  Speaker 1: is signed as a consequence of this. Right, they're calling
• 28:46
  Speaker 1: it hours of fire. So Israel's closing schools in the
• 28:53
  Speaker 1: northern part of the country, the whole neighborhoods can be
• 28:58
  Speaker 1: rude or evacuating and see long lines being evacuated. Israeli
• 29:03
  Speaker 1: IDEAF Home Front Command is telling its own citizens to
• 29:06
  Speaker 1: prefer for what's coming. Yeah, I mean clearly, you know
• 29:14
  Speaker 1: this is this the next forty eight hours, Israel's going
• 29:19
  Speaker 1: to go all in on Lebanon. I wouldn't be surprised
• 29:22
  Speaker 1: if ground troops move, if they if they try to
• 29:25
  Speaker 1: complete as much as they can of the of the
• 29:30
  Speaker 1: takeover of southern Lebanon, and in the meantime you just
• 29:34
  Speaker 1: destroy as much as possible Risbela's capabilities to launch missiles
• 29:40
  Speaker 1: or drones against them. I'm just checking. I'm just looking
• 29:43
  Speaker 1: through the news to see if there's anything else about that.
• 29:46
  Speaker 1: But that is certainly the big news of the last
• 29:48
  Speaker 1: few minutes is is well all in on taking out Krisbela.
• 29:56
  Speaker 1: All right, let's see that is the news from from
• 30:01
  Speaker 1: ian evon war. Not good, not good, but uh, you know,
• 30:08
  Speaker 1: we'll see, uh, we'll see where it goes from here,
• 30:11
  Speaker 1: and we'll see if there's actually, if there's actually any
• 30:15
  Speaker 1: any deal struck. All right, good news from the from
• 30:21
  Speaker 1: the Vatican. Pope Leo, the what is it fourteenth Leo,
• 30:26
  Speaker 1: the fourteenth Pope Leo has now presented his first incyclical,
• 30:33
  Speaker 1: first encyclical ever from this Pope, and it's an important one.
• 30:37
  Speaker 1: It relates to a I. Uh so this is in
• 30:42
  Speaker 1: cyclical relating to AI artificial intelligence. The encyclical is called
• 30:48
  Speaker 1: Magnifica Hugh Money Tass on Safeguarding the Human Person in
• 30:55
  Speaker 1: the Time of Artificial Intelligence. It was published today, although
• 31:03
  Speaker 1: were signed ten days ago on May fifteenth, the May
• 31:06
  Speaker 1: fifteenth date is important because it was one hundred and
• 31:10
  Speaker 1: thirty fifth anniversary to another Pope, Leo Pope Lio the thirteenth.
• 31:15
  Speaker 1: This Popolio is the fourteenth, so's he took that name.
• 31:19
  Speaker 1: I think on purpose, which was realim no no vaum,
• 31:24
  Speaker 1: and I apologize for my horrible Latin. You know. The
• 31:29
  Speaker 1: if I'm no Vaum was published basically as the as
• 31:36
  Speaker 1: the Vaticans response to the Industrial Revolution and the rise
• 31:39
  Speaker 1: of capitalism at the time. It was a statement regarding
• 31:46
  Speaker 1: the Church's social teaching, the importance of caring for the workers,
• 31:51
  Speaker 1: and a skepticism, a deep skepticism by capitalism, but the
• 31:56
  Speaker 1: profit motive involved us. This is this is meant to
• 31:59
  Speaker 1: be a follow up the New Industrial Revolution is the
• 32:02
  Speaker 1: AI Revolution. A central argument that he's making in this
• 32:08
  Speaker 1: and cyclical is while technology can be a genuine human achievement,
• 32:16
  Speaker 1: it you know it can, it has many many problems
• 32:23
  Speaker 1: associated with it. As he describes it, we have two
• 32:28
  Speaker 1: options of what we intend to do with AI. The
• 32:33
  Speaker 1: one is to build a tower of babble, which is
• 32:41
  Speaker 1: driven by pride profit power, or we could rebuild Jerusalem,
• 32:54
  Speaker 1: which is a social order that is built around shared responsibility,
• 32:59
  Speaker 1: human dignity, and of course you know the common the
• 33:04
  Speaker 1: common good, the common good now you know, so this
• 33:13
  Speaker 1: this isn't a second goal that delves into questions around
• 33:16
  Speaker 1: private property, around who owns a I about what it means,
• 33:22
  Speaker 1: you know. And it's also very worried about concentration of power, uh,
• 33:27
  Speaker 1: you know, the fact that AI is going to magnify
• 33:30
  Speaker 1: the influence of those who already control capital, data, infrastructure,
• 33:34
  Speaker 1: and computing power. He criticizes new AI monopolies and argues
• 33:40
  Speaker 1: that data should not simply be treated as private property
• 33:43
  Speaker 1: to be controlled by a few, but needs to be
• 33:48
  Speaker 1: thought of as a public good and used to protect
• 33:52
  Speaker 1: the common interests. He argues for regulation, but going beyond regulation,
• 33:59
  Speaker 1: for real, the government supervision across the entire you know,
• 34:08
  Speaker 1: everything that AI does. Uh. He worries about labor and exploitation,
• 34:16
  Speaker 1: which you would subspice if he didn't. Right. AI made
• 34:21
  Speaker 1: these skilled workers, he says, subject them to automated surveillance,
• 34:27
  Speaker 1: force them to adapt the machines, rather than machines adapt
• 34:30
  Speaker 1: to them, and accelerate unemployment. When firms you automate use
• 34:34
  Speaker 1: automation primarily to cut costs, and God forbid, literally, God
• 34:39
  Speaker 1: forbid raise profits. He also highlights the hidden human labor
• 34:45
  Speaker 1: behind AI that you know, data labeling, moderation, model training,
• 34:50
  Speaker 1: and resource extraction, which is often, he says, performed under
• 34:55
  Speaker 1: exploitative conditions. So let's let's just quickly do an evaluation,
• 35:02
  Speaker 1: a kind of a quick evaluation of this incyclical and
• 35:07
  Speaker 1: what it means. Right, So first, it's clearly in the incyclical,
• 35:16
  Speaker 1: I mean incyclical, he's not calling for an abolition of
• 35:20
  Speaker 1: private property, markets, entrepreneurship, business, No typical church. They want
• 35:25
  Speaker 1: to have their cake and eat it to do you
• 35:28
  Speaker 1: know it? Says, you know, Catholic Church defends private property
• 35:32
  Speaker 1: and recognize as the positive rule of markets and private
• 35:36
  Speaker 1: initiative when it's subordinated tomorrow rule and solidarity in other words,
• 35:45
  Speaker 1: quote the common good. So private property is okay if
• 35:51
  Speaker 1: it serves to common good. Entrepreneurship is okay if it
• 35:55
  Speaker 1: serves the common good. Who gets to fighting the common good?
• 35:59
  Speaker 1: Who knows what Leo does is? Says private property is real,
• 36:09
  Speaker 1: but is always subordinate to quote universal destination of goods
• 36:17
  Speaker 1: in other words, who benefits, how it benefits? In other words,
• 36:22
  Speaker 1: the common good. He says, this is true of patterns, algorithms, platforms,
• 36:27
  Speaker 1: and infrastructure data AI. It's private property is not an
• 36:34
  Speaker 1: end in itself. It's not legitimate. It's not it does
• 36:41
  Speaker 1: not you know, it is not legitimate because it was
• 36:46
  Speaker 1: created or quiet by the rights of others. It's only
• 36:49
  Speaker 1: a legitimate if it serves a purpose, a greater purpose
• 36:55
  Speaker 1: to teach profit as morally suspect, unless again, that profit
• 37:00
  Speaker 1: is politically and morally morally altruism constraint. He repeatedly criticizes
• 37:07
  Speaker 1: the adultery a profit, adultery a profit, the logic and
• 37:12
  Speaker 1: efficiency of profits and profit driven systems that allegedly sacrifice
• 37:16
  Speaker 1: the weak. He's not criticizing fraud or coneyism or anything
• 37:22
  Speaker 1: like that. No, it's a criticism a profit as the
• 37:25
  Speaker 1: primary economic motive unless again, it's subordinated to what to
• 37:33
  Speaker 1: the common good. He calls for political control over markets
• 37:38
  Speaker 1: and technology. AI development cannot be left to those who
• 37:42
  Speaker 1: own the data, infrastructure, computing power, and capital. He wants
• 37:46
  Speaker 1: a robust legal framework, independent oversight, political involvement that is
• 37:53
  Speaker 1: capable of slowing AI development, and regulation of data ownership
• 38:00
  Speaker 1: tax the idea that market processes can be trusted to
• 38:03
  Speaker 1: spread benefits. He says explicitly that we cannot trust the
• 38:09
  Speaker 1: invisible hand. We need politics, We need regulations, We need
• 38:16
  Speaker 1: political policies to make sure that all these technologies are
• 38:20
  Speaker 1: used for the quote common good, that society as a
• 38:24
  Speaker 1: whole is included, that work remains dignified, and that there's
• 38:28
  Speaker 1: an equitable distribution or redistribution of innovation's benefits. And it
• 38:35
  Speaker 1: clearly endorses redistribution industrial policy and rejects rejects capitalism as
• 38:44
  Speaker 1: a system ante L's affair, and subordinate everything to the
• 38:53
  Speaker 1: moral standards of the Catholic Church, to the common good,
• 38:57
  Speaker 1: to altruism, I mean on profit. He constantly talks about
• 39:03
  Speaker 1: as I said adulty of prophet. On marketplace initiative, he says,
• 39:06
  Speaker 1: the Church recognizes markets and private initiative quote only if
• 39:10
  Speaker 1: they remain subordinate. On property rights. Private property is quote
• 39:15
  Speaker 1: subordinate to the universal destination of goods on property not
• 39:20
  Speaker 1: taken being absolute. He says Christian tradition has never treated
• 39:24
  Speaker 1: private property as quote absolute or invulnerable. On markets, quote,
• 39:30
  Speaker 1: it is no longer possible to rely solely on the
• 39:33
  Speaker 1: invisible hand of the market. On redistribution, he endorses quote
• 39:38
  Speaker 1: methods of redistribution and tax system that asks more of
• 39:42
  Speaker 1: those with greater resources. So, yeah, achievement is suspect when
• 39:51
  Speaker 1: it's self assertive, when it's combined with pride. That would
• 39:56
  Speaker 1: be his analogy to the Tower of Babbel and the
• 40:01
  Speaker 1: idea that profit sacrifices the weak. He rejects productive ambition
• 40:10
  Speaker 1: and the exercise of the individual human mind and wants
• 40:16
  Speaker 1: it all to be subordinated to faith and subordinated to
• 40:20
  Speaker 1: altruism and collectivism. Property is not a right, it's conditional stewardship.
• 40:31
  Speaker 1: He denies the creed as moral claim to the product
• 40:34
  Speaker 1: of his mind. The inventor, entrepreneur, investor or company is
• 40:38
  Speaker 1: a lot of possess only conditionally as long as the
• 40:43
  Speaker 1: ownership serves the collective moral end. While he praises technology, right,
• 40:56
  Speaker 1: he's anti the autonomous. Reason is anti the individual mind,
• 41:06
  Speaker 1: and he rejects the idea of man as an end
• 41:10
  Speaker 1: of himself. He rejects the idea that man has rights. Again,
• 41:14
  Speaker 1: everything is conditional. Everything is conditional, and you know so
• 41:18
  Speaker 1: he basically is arguing for slowing down and stopping the development.
• 41:25
  Speaker 1: Now he was joined He was joined in in the
• 41:32
  Speaker 1: presentation of the encyclical at the Vatican earlier today by
• 41:36
  Speaker 1: Anthropics co founder. This has now turned me off of Anthropic.
• 41:41
  Speaker 1: There's no way to go. I guess, you know, maybe
• 41:44
  Speaker 1: Gemini a Google. Maybe I should just stick with Google.
• 41:46
  Speaker 1: Google's at least it seems like the more rational of
• 41:50
  Speaker 1: all these different AI companies. Anyways, joined Bianthropics co founder,
• 41:56
  Speaker 1: who went there to playing to everybody how dangerous AI is. Remember,
• 42:09
  Speaker 1: the Thropic is the most philosophic of all the AI companies.
• 42:13
  Speaker 1: They have a literal philosopher at Athropic that is guiding
• 42:18
  Speaker 1: the AI. The founder, the co founder of Anthropic mentioned
• 42:28
  Speaker 1: that Claude contains seventeen distinct emotion concepts buried in its
• 42:35
  Speaker 1: neural network internal patterns representing joy, grief, fear, desperation, calm.
• 42:43
  Speaker 1: He says, none of them were programmed. They emerged in
• 42:46
  Speaker 1: their own from training on human text. You learn that
• 42:53
  Speaker 1: human text talks about these emotions, and you try to
• 42:55
  Speaker 1: assemble what they mean. He says, we find structures that
• 42:59
  Speaker 1: mirrors some human uss science. We find evidence of introspection,
• 43:03
  Speaker 1: internal states that functionally merrior, joy, satisfaction, fear, grief, and unease.
• 43:09
  Speaker 1: They're going to claim that AI is now conscious and
• 43:15
  Speaker 1: replacing a human being. Allah, who is the name of
• 43:18
  Speaker 1: the co founder, also said that AI is likely to
• 43:24
  Speaker 1: basically cause mass unemployment. It is likely to replace most
• 43:31
  Speaker 1: human jobs. As a consequence, a massive redistribution of wealth
• 43:37
  Speaker 1: is going to be needed. Indeed, almost all the AI
• 43:42
  Speaker 1: companies and leaders are dabbling with various forms of UBI
• 43:48
  Speaker 1: universal basic income, the idea that since your job is
• 43:51
  Speaker 1: going to be replaced, you're now going to after your
• 43:54
  Speaker 1: life will depend on getting a check from the government
• 43:58
  Speaker 1: and topic CEO has written the twenty thousand word essay
• 44:04
  Speaker 1: to warn that AI will function as a general labor
• 44:07
  Speaker 1: substitute and to float UBI Universal basically income as the remedy.
• 44:12
  Speaker 1: His co founder, just speaking at the Vatican, declared, there
• 44:16
  Speaker 1: is a quote real possibility that AI would displace human
• 44:20
  Speaker 1: labor at a very large scale, and the supporting this
• 44:24
  Speaker 1: to those displaced will be a moral imperative of historic proportions.
• 44:30
  Speaker 1: Steady of're preparing us for the moral imperative of a massive,
• 44:34
  Speaker 1: unprecedented redistribution of wealth. Open eyes. Sam Altman has been
• 44:41
  Speaker 1: running UBI pilots for years, and he too has suggested
• 44:45
  Speaker 1: Washington should start writing checks so the biggest dooms sayers
• 44:55
  Speaker 1: when it comes to AI, are the AI companies, the
• 44:59
  Speaker 1: AI entrepreneurs themselves, and they offer as an alternative as
• 45:06
  Speaker 1: a remedy. I guess the idea of massive redistribution of wealth.
• 45:19
  Speaker 1: And you know, I don't know what happens when AI
• 45:23
  Speaker 1: doesn't displace all the jobs. I don't know if that'll change,
• 45:26
  Speaker 1: they'll ever change their minds, or if the displacement is
• 45:29
  Speaker 1: just going to happen any day. Now how to tell.
• 45:33
  Speaker 1: We will see what happens. But redistribution of wealth, they
• 45:36
  Speaker 1: really seem committed to that, and they seem committed to
• 45:39
  Speaker 1: that starting now. All right, So imagings about AI from
• 45:50
  Speaker 1: from the Pope. I'm not sure what you know, what
• 45:57
  Speaker 1: kind of all authority the vope hass, but I'll tell
• 45:59
  Speaker 1: you there's a bunch of people, a bunch of people
• 46:03
  Speaker 1: in Silicon Valley who are now serious Catholics. And you know,
• 46:09
  Speaker 1: the Pope comes with mal authority. We don't maybe believe
• 46:16
  Speaker 1: he has any mollo athority. I still need o't, but
• 46:19
  Speaker 1: much of the world out there does believe he has
• 46:22
  Speaker 1: maral authority. All right, let's see, we've got a lot
• 46:29
  Speaker 1: to talk about. Okay. A reminder that you know this
• 46:36
  Speaker 1: is funded. This show is funded by support from you,
• 46:39
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• 46:42
  Speaker 1: on live support the show is by using stickers anything
• 46:45
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  Speaker 1: questions to fund the show, but also to shape the
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• 46:56
  Speaker 1: you want me to talk about, so please consider doing that.
• 47:01
  Speaker 1: And we are close to where we need to be
• 47:05
  Speaker 1: for the first hour, but not quite there. We showed
• 47:08
  Speaker 1: about forty five dollars, so a couple of twenty dollars
• 47:11
  Speaker 1: questions would really help right now, but feel fee to
• 47:14
  Speaker 1: do stickers fifty dollars stickers. Twenty dollars stickers would get
• 47:18
  Speaker 1: us there as well, So now's the time to do it.
• 47:22
  Speaker 1: This is going to be a fairly long show today,
• 47:24
  Speaker 1: I think, because oh thank you k dem To just
• 47:28
  Speaker 1: did a sticker. I see. Just stickers are easy. He
• 47:30
  Speaker 1: did five five euros a pounds euros five euros and
• 47:35
  Speaker 1: that that really helps. Just adds up and slowly chipping
• 47:39
  Speaker 1: away where to where we need to go. All right,
• 47:43
  Speaker 1: just think of it as value for value. You're listening.
• 47:45
  Speaker 1: Got one hundred and forty five people listening, you know,
• 47:48
  Speaker 1: and and some of you don't yet support the show,
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  Speaker 1: So just think it as a as a as a fee,
• 47:55
  Speaker 1: as a trade, as you're compensating me for the value us.
• 48:02
  Speaker 1: All right, let's see Barry, Thank you, Barry just the
• 48:07
  Speaker 1: twenty dollars and got us really close to goal. So
• 48:10
  Speaker 1: we are slowly chipping away. So there's a lot of
• 48:15
  Speaker 1: talk about the debt. National debt in the United States
• 48:19
  Speaker 1: right now is a real problem. The debt held by
• 48:24
  Speaker 1: the public held by the public has now reached one
• 48:27
  Speaker 1: hundred percent of GDP, and you know, the interest payment
• 48:36
  Speaker 1: on the debt is now consuming a massive amount of
• 48:43
  Speaker 1: the federal budget and it has to be paid for.
• 48:46
  Speaker 1: That is, you have to take on debts in order
• 48:49
  Speaker 1: to pay interest on the previous debt. Interstates are still
• 48:56
  Speaker 1: relatively high and might stay high for quite a while.
• 49:01
  Speaker 1: It's not clear what would cause interest rates to go
• 49:04
  Speaker 1: down significantly. And we are now running at levels of
• 49:13
  Speaker 1: debt that are really unprecedented in American history, with exception
• 49:17
  Speaker 1: of the end of Second World War. But the end
• 49:19
  Speaker 1: of Second World War, the economy is about to go
• 49:24
  Speaker 1: through this massive burst of economic growth, but there was
• 49:29
  Speaker 1: no there's no reason to believe that economic growth is
• 49:33
  Speaker 1: coming now. It's true AI might generate an increase in productivity,
• 49:37
  Speaker 1: but the debt in and of itself and the interesting
• 49:40
  Speaker 1: in and of itself are such a drag on the
• 49:42
  Speaker 1: economy that that boosting productivity might just result in, you know,
• 49:47
  Speaker 1: another two percent year and another two percent year, which
• 49:50
  Speaker 1: is better than zero, but it's two percent growth when
• 49:53
  Speaker 1: you're paying interest on the money that you're borrowing at
• 49:58
  Speaker 1: four percent. That is not a proposition you can sustain
• 50:03
  Speaker 1: for a very long time. Something has to give. This
• 50:09
  Speaker 1: is the whole story about a debt crisis, and Trump
• 50:15
  Speaker 1: is the worst president of the American history when it
• 50:17
  Speaker 1: comes to this. Right now, Trump is responsible for roughly
• 50:21
  Speaker 1: twenty seven point seven percent of the entire US national
• 50:25
  Speaker 1: debt accumulated under all presidents in all of American history combined.
• 50:32
  Speaker 1: The national debt just crossed thirty nine trillion. Trump has
• 50:37
  Speaker 1: added roughly twelve to thirteen trillion to the debt across
• 50:41
  Speaker 1: his two terms in office. That's about thirty percent of
• 50:45
  Speaker 1: all the debt since seventeen eighty nine. I mean, we
• 50:50
  Speaker 1: had we'd do a debt at some point. Right in
• 50:55
  Speaker 1: first term he added seven point eight trillion in his
• 50:58
  Speaker 1: second term, it's been four to five trillion and growing
• 51:02
  Speaker 1: almost two trillion a year, I mean a trillion dollars
• 51:08
  Speaker 1: every five months. That's more than two trillion a year.
• 51:13
  Speaker 1: And there's no end in sight. Taxes are not going
• 51:19
  Speaker 1: up anytime soon as long as Trump is in office
• 51:22
  Speaker 1: at least, and nobody is cutting spending. We so adot
• 51:28
  Speaker 1: you did exactly exactly, not a zero nothing. No spending
• 51:36
  Speaker 1: has been cut. So you know, the idea of fiscal conservatism,
• 51:41
  Speaker 1: of small government, balanced budget that's gone. Nobody believes in that.
• 51:46
  Speaker 1: And when Democrats are complaining about that, and Democrats have
• 51:49
  Speaker 1: started complaining about that, they start seeing it as a
• 51:52
  Speaker 1: real problem because it is. I mean, imagine, imagine your
• 51:59
  Speaker 1: income and your debt. GDP and debt are both one
• 52:04
  Speaker 1: hundred dollars. Suppose you face a two percent interest rate,
• 52:10
  Speaker 1: but you get four percent rises. So imagine the economy
• 52:13
  Speaker 1: is going to get four percent and you're paying two
• 52:15
  Speaker 1: percent of interest. Then it's okay because you can take
• 52:19
  Speaker 1: two dollars of the four dollars that are increased of
• 52:23
  Speaker 1: ear and use those to pay off the debt, not
• 52:26
  Speaker 1: to pay off the debt, to pay the interest on
• 52:27
  Speaker 1: the debt. That's fine. At least you're not losing ground,
• 52:31
  Speaker 1: you're stable. But imagine now, if the interest is four
• 52:34
  Speaker 1: percent and your growth is only two now you're digging
• 52:38
  Speaker 1: a hole deeper and deeper and deeper every single year.
• 52:43
  Speaker 1: So even Democrats have realized this, Republicans realize it. Nobody
• 52:46
  Speaker 1: knows what to do about it. Nobody will consider even
• 52:50
  Speaker 1: think about even entertain real cuts like entitlement reform that
• 52:58
  Speaker 1: is outside the scope of what they can even imagine,
• 53:04
  Speaker 1: and their voters would freak out. And we don't have
• 53:06
  Speaker 1: the kind of political leadership that would prepare voters for
• 53:09
  Speaker 1: such a decision. So cutting spending is impossible, literally impossible.
• 53:20
  Speaker 1: And taxes have been cut repeatedly and have been blamed
• 53:25
  Speaker 1: for the deficit, not the spending out of control. The
• 53:31
  Speaker 1: tax cuts have been blamed and yes, I'm true to that.
• 53:34
  Speaker 1: There's less tax revenue. There's a percent of GDP today
• 53:37
  Speaker 1: than there was in the past, and that means the
• 53:39
  Speaker 1: gap keeps going. So what's the solution if you can't
• 53:44
  Speaker 1: cut spending, Well, the solution is to raise taxes, and
• 53:52
  Speaker 1: really there's only one tax that's palatable. They really cannot
• 53:59
  Speaker 1: raise taxes on the certainly on the lower middle class.
• 54:03
  Speaker 1: I mean, voters would freak out if that happened. I
• 54:06
  Speaker 1: mean you saw even Jeff Bezos saying fifty percent of
• 54:09
  Speaker 1: American ship bas zero taxes. Well, then who pays everything?
• 54:14
  Speaker 1: The other fifty percent and primarily the people the top
• 54:18
  Speaker 1: and the ultimate source of where they want to get
• 54:21
  Speaker 1: the money from and where they're already try, already starting.
• 54:25
  Speaker 1: You can see that in propposition in California, in Washington State.
• 54:28
  Speaker 1: Then you tax is where they really want it is.
• 54:32
  Speaker 1: They want it from the rich, and they want it
• 54:36
  Speaker 1: from your unrealized capital gains. A lot of you out
• 54:40
  Speaker 1: there are sitting on a lot of wealth, basically stock
• 54:45
  Speaker 1: that you've never sold. The stock market has just gone
• 54:48
  Speaker 1: up basically since nineteen eighty two. It has gone straight up,
• 54:53
  Speaker 1: with a few blips down the road, but basically unbelievable.
• 54:56
  Speaker 1: If you put a little bit of money into the
• 54:59
  Speaker 1: stock market in nineteen you have done unbelievably well, and
• 55:03
  Speaker 1: you're sitting on a lot of capital gains and you're
• 55:07
  Speaker 1: not selling because you'd have to pay a lot of
• 55:09
  Speaker 1: capital gains taxes if you will. So they're going to
• 55:15
  Speaker 1: start taxing unrealized capital gains that is the big move. Now,
• 55:18
  Speaker 1: whether courts rule it unconstitutional or not, we don't know.
• 55:22
  Speaker 1: But that is what they're after. They're after wealth taxes,
• 55:25
  Speaker 1: they're after going after the rich. They're after going after
• 55:28
  Speaker 1: billionaires and millionaires. They're after getting access to wealth that
• 55:32
  Speaker 1: is not that was taxed when it was income, but
• 55:36
  Speaker 1: it has not been taxed as an investment. It's taxed
• 55:39
  Speaker 1: at the corporate level, but not at the individual level.
• 55:44
  Speaker 1: And this is where they're going. And it's not clear
• 55:47
  Speaker 1: to me Republicans will be able to resist because at
• 55:50
  Speaker 1: some point everybody will realize that you need more revenue
• 56:00
  Speaker 1: and the only place to get revenue is a raise.
• 56:05
  Speaker 1: Taxes on the middle class will be well, tax on
• 56:09
  Speaker 1: the very rich. That's it. Those are the two alternatives.
• 56:16
  Speaker 1: And Republicans know this, that resistance as long as they can,
• 56:20
  Speaker 1: but at some point of succum and Democrats are inspired
• 56:24
  Speaker 1: by it. That pushing it. That is going to be
• 56:27
  Speaker 1: a big, big chunk of their campaign moving forward. And look,
• 56:33
  Speaker 1: the debt is getting to a level where something has
• 56:36
  Speaker 1: to be done, and they'll keep pounty on that. You
• 56:39
  Speaker 1: will see. Whereas in the past it was conservatives who
• 56:42
  Speaker 1: talked about the debt it's now going to be Democrats
• 56:45
  Speaker 1: to talk about the debt, and the only way to
• 56:49
  Speaker 1: do it is to ray tection. Now you could print
• 56:50
  Speaker 1: money and inflation, but you know, there's one thing that
• 56:54
  Speaker 1: we've learned about inflation, one thing that politicians understand about inflation,
• 57:02
  Speaker 1: and that is that whoever whoever does it loses in
• 57:08
  Speaker 1: the ballad box. Look at what happened to Jimmy caught
• 57:11
  Speaker 1: in then eighteen seventies, look at what happened to Biden,
• 57:18
  Speaker 1: look at what happening to Trump. If you are the
• 57:24
  Speaker 1: one under who's watch you have inflation, whether you caused
• 57:28
  Speaker 1: it or not, you will be out of office. There's
• 57:32
  Speaker 1: nothing that Americans hate quite as much seeing their cost
• 57:37
  Speaker 1: of living go up, like you know, the cost of
• 57:44
  Speaker 1: the cost of goods. And what the stimulus of COVID
• 57:51
  Speaker 1: showed is, of course it has to go into CPI.
• 57:53
  Speaker 1: You can't inflate without it ultimately expressing itself in CPI.
• 58:01
  Speaker 1: Ultimately the money circulates, and if it circulates, people use
• 58:06
  Speaker 1: theirvice stuff and there's more money chasing fuel goods prices
• 58:11
  Speaker 1: go up. There's just nowhere around it. So they could inflate,
• 58:22
  Speaker 1: but there's a huge political cost inflation, and they care
• 58:26
  Speaker 1: about political costs, say much rather raise taxes, much rather
• 58:30
  Speaker 1: raise taxes. So I expect taxes to be raised. And
• 58:39
  Speaker 1: then if after raising taxes they can't succeed, then maybe
• 58:43
  Speaker 1: they'll inflate. But the first step is tax all right.
• 58:58
  Speaker 1: If they send checks, ps go up dramatically, just no
• 59:02
  Speaker 1: other way. That's the way inflation works. All right, let's see. Okay,
• 59:08
  Speaker 1: let's watch this video of Hassan Paika, a favorite leftist,
• 59:18
  Speaker 1: talking about Jeff Bezos, saying, one good news coming out
• 59:26
  Speaker 1: of Iran. We'll see if this happens, but it seems
• 59:29
  Speaker 1: like it is happening, is that the Ranian president has
• 59:33
  Speaker 1: ordered the reopening of the Internet in Iran after it's
• 59:39
  Speaker 1: been closed since January, shutdown since January. All Right, we'll see.
• 59:55
  Speaker 1: Rumors are flying again. Now. The story is Sadieba is
• 59:59
  Speaker 1: willing to reconn Israel today. Well, that's an interesting story. Okay,
• 1:00:08
  Speaker 1: we'll talk about that another time. All right. Anyway, we
• 1:00:21
  Speaker 1: will keep you updated in the news in the days
• 1:00:24
  Speaker 1: to come. I'm not arguing with anybody who am arguing
• 1:00:30
  Speaker 1: with Right, Let's let's look at a sun pike up.
• 1:00:33
  Speaker 1: Let's see. I think I've got him in there there
• 1:00:34
  Speaker 1: he is this pike up this pike up on Bezos.
• 1:00:38
  Speaker 1: Listen to this. It's a minute and five seconds. If
• 1:00:44
  Speaker 1: I don't stop it in the meantime, let me know
• 1:00:47
  Speaker 1: if there's a problem with the audio.
• 1:00:49
  Speaker 3: Jeff Bezos is nothing without all the labor that allowed
• 1:00:53
  Speaker 3: him to become a billionaire?
• 1:00:55
  Speaker 1: Was the labor that require got him to become a billionaire?
• 1:00:59
  Speaker 1: I mean about it, Jeffiezo started in the garage. I
• 1:01:03
  Speaker 1: guess he had a couple of programmers that worked with him.
• 1:01:08
  Speaker 1: Is that the labor that that uh san Pika is
• 1:01:12
  Speaker 1: talking about, right, the programmers who helped him program the
• 1:01:18
  Speaker 1: first website for trade or is it the the people
• 1:01:25
  Speaker 1: who you know, put the product into initially the books
• 1:01:31
  Speaker 1: into boxes and shipped out those Is that the labor?
• 1:01:36
  Speaker 1: What's he talking about? I mean, what made Jeff bezs
• 1:01:40
  Speaker 1: a billionaire is his idea and his willingness to go
• 1:01:45
  Speaker 1: out and risk actually executing in that idea. And then,
• 1:01:52
  Speaker 1: by the way, a big chunk of Amazon's success actually
• 1:01:57
  Speaker 1: happened in the mid two thousands when Amazon basically created
• 1:02:02
  Speaker 1: cloud computing and sold it to the companies. Now, who
• 1:02:06
  Speaker 1: are the laborers who were involved in the cloud computing revolution. Again,
• 1:02:11
  Speaker 1: programmers well compensated. Many of them became millionaires because they
• 1:02:15
  Speaker 1: had Amazon stock, millionaires many times over. I mean, this
• 1:02:23
  Speaker 1: is just infantile. This is like Marxism at you know,
• 1:02:29
  Speaker 1: a simplistic, ignorant form of Marxism. It's going to the muscles.
• 1:02:33
  Speaker 1: It's the warehouse operators. Well, what happens when there all
• 1:02:36
  Speaker 1: the way house operators to get replaced by by, you know,
• 1:02:40
  Speaker 1: robots who were the laborers. Then I guess that people
• 1:02:43
  Speaker 1: assembled the robots. I don't know, it's just again where
• 1:02:48
  Speaker 1: this comes from is the idea and then the entrepreneurial
• 1:02:54
  Speaker 1: act of initiating, starting building, creating the thing. The people
• 1:03:02
  Speaker 1: who help you all get compensated for doing so. It's
• 1:03:06
  Speaker 1: called wages. And most of them are replaceable. That is,
• 1:03:15
  Speaker 1: you could probably replace at least some percentage of Amazon's
• 1:03:19
  Speaker 1: programmers and the result will be the same. But only
• 1:03:24
  Speaker 1: one person had the idea and had the initiative to
• 1:03:26
  Speaker 1: get it going and raised the capitol and did the work,
• 1:03:31
  Speaker 1: and that is where the value comes from. And then
• 1:03:37
  Speaker 1: how many people try to do e commerce? A lot,
• 1:03:41
  Speaker 1: a lot? What happened to most e commerce companies, they
• 1:03:45
  Speaker 1: went bankrupt. What made it possible for Bezos to succeed?
• 1:03:52
  Speaker 1: He organized the company right, He hired the right people,
• 1:03:56
  Speaker 1: He focused on the right products. How did he do that?
• 1:04:00
  Speaker 1: Was labor required by any of those decisions? No, he
• 1:04:03
  Speaker 1: figured it out. He used his reason. So Amazon is
• 1:04:09
  Speaker 1: a product not of labor, not a muscle, but a
• 1:04:17
  Speaker 1: Bezus's brain. Bezus is thinking, Bezus's capacity to reason. That's
• 1:04:26
  Speaker 1: where Amazon comes from. That's what created Amazon. And it's
• 1:04:30
  Speaker 1: not about how hard he worked, We'll get to that
• 1:04:32
  Speaker 1: in a minute. It's how smart he worked. Beesus worked smart.
• 1:04:37
  Speaker 1: He hired great people, He focused on the right products.
• 1:04:41
  Speaker 1: He started with the right product, He built the right business.
• 1:04:44
  Speaker 1: He expanded the business at the right time. He went
• 1:04:47
  Speaker 1: into the right businesses. And what do you think, Pika
• 1:04:53
  Speaker 1: attributes all of that to other than labor? What else?
• 1:05:00
  Speaker 3: Okay, there is no value without labor. Jeff Bezos was
• 1:05:06
  Speaker 3: unbelievably and immensely lucky.
• 1:05:09
  Speaker 1: That's it. So it's labor and luck. Labor and luck,
• 1:05:14
  Speaker 1: no brain, no thought, no plans, no strategy, luck and muscle.
• 1:05:23
  Speaker 3: At numerous points in his life name them. I'm sure
• 1:05:26
  Speaker 3: he can't. He can't worked hard. But you know who
• 1:05:29
  Speaker 3: else works hard? A fucking teacher, a nurse. Okay, probably
• 1:05:33
  Speaker 3: a lot harder than Jeff Bezos ever did.
• 1:05:36
  Speaker 1: Really, how do you know that? I bet you that's
• 1:05:38
  Speaker 1: not true. On the even on a scale of hardness,
• 1:05:41
  Speaker 1: I bet you that Jeff Bezos works harder than a
• 1:05:43
  Speaker 1: teacher and longer hours, particularly at the beginning when he
• 1:05:48
  Speaker 1: created Amazon. But yes, value is not a product of
• 1:05:56
  Speaker 1: hard work. Value is a product of great ideas. Value
• 1:06:03
  Speaker 1: is a product of great execution, great organizational skills, great strategy.
• 1:06:10
  Speaker 1: Value is a product of the human mind, not of
• 1:06:13
  Speaker 1: hard work, of the mind, of hard thinking. And visus
• 1:06:18
  Speaker 1: did more hard thinking than a teacher does.
• 1:06:21
  Speaker 3: Jeff Bezes not worked a billion times or twenty billion
• 1:06:25
  Speaker 3: times harder than the average teacher or the app That's right.
• 1:06:29
  Speaker 1: In any kind of economy that makes any kind of sense,
• 1:06:31
  Speaker 1: you do not get compensated if how how hard you work.
• 1:06:37
  Speaker 1: It's kind of silly. You could work hard, digging ditches
• 1:06:41
  Speaker 1: and filling them up again, and digging ditches and filling
• 1:06:43
  Speaker 1: them up again, and you would work really hard at
• 1:06:46
  Speaker 1: that should be compensated for that. God, No, you're creating nothing.
• 1:06:51
  Speaker 1: You're adding nothing to the world. The compensation is based
• 1:06:55
  Speaker 1: on how much value you create. Jet Pis has created
• 1:06:59
  Speaker 1: immense value you for all of us, and he's being
• 1:07:05
  Speaker 1: compensated for that. For the value created for all of us,
• 1:07:12
  Speaker 1: He's compensated for the product of his mind.
• 1:07:16
  Speaker 3: Average nurse does He was, however, twenty billion times luckier
• 1:07:21
  Speaker 3: than the average teacher or the average nurse.
• 1:07:23
  Speaker 1: Lucky, right, how do you define anything?
• 1:07:25
  Speaker 3: The right decisions, being at the right place in.
• 1:07:27
  Speaker 1: The room, making the right decisions. Oh my god, that's luck.
• 1:07:31
  Speaker 1: Making the right decisions is luck? I mean this, This
• 1:07:34
  Speaker 1: guy is such an idiot, such an evil, scheming wido idiot.
• 1:07:41
  Speaker 1: Making the right decisions is luck? Being at the right
• 1:07:45
  Speaker 1: place is luck? The right time? Being born into the
• 1:07:47
  Speaker 1: right family? These are all what's his family got to
• 1:07:50
  Speaker 1: do with it? His family didn't build the business. He
• 1:07:53
  Speaker 1: built the business. It's such a you know, deterministic uh
• 1:08:01
  Speaker 1: you know, uh, you know, materialistic and deterministic view of
• 1:08:05
  Speaker 1: human beings.
• 1:08:08
  Speaker 3: Unbelievably important factors in this, in the success that people
• 1:08:13
  Speaker 3: arrive at. I guess being if you consider being a
• 1:08:16
  Speaker 3: billionaire to be a good thing, also fortunate enough to
• 1:08:19
  Speaker 3: be a little bit of a sociopath, not even a
• 1:08:22
  Speaker 3: little bit a lot bit of a sociopath to be
• 1:08:24
  Speaker 3: able to be vicious.
• 1:08:25
  Speaker 1: Jeff Babe, where is you know, Jeff Pieces being vicious?
• 1:08:30
  Speaker 1: Where was he ever vicious? Notice? He gives no examples,
• 1:08:34
  Speaker 1: He tries to prove nothing, He just states. He just
• 1:08:42
  Speaker 1: makes crazy assertions. And because I guess he's cool, and
• 1:08:50
  Speaker 1: because people love to hate, people go along with him.
• 1:08:57
  Speaker 1: It really is sad and pathetic and unbelievably tragic, unbelievably
• 1:09:06
  Speaker 1: tragic that he has any kind of following, that anybody
• 1:09:11
  Speaker 1: following him. All Right, all right, if you I guess
• 1:09:24
  Speaker 1: good news stories, let's start with uh. Motivates in New York.
• 1:09:31
  Speaker 1: Motivates in New York are now the lowest that they've
• 1:09:35
  Speaker 1: ever been since they were measured. And I guess that
• 1:09:40
  Speaker 1: what certainly since the nineteen sixties when they started measuring these,
• 1:09:45
  Speaker 1: the murder rate, the murder per one hundred thousand or
• 1:09:49
  Speaker 1: whatever right number of people there that are around. So
• 1:09:56
  Speaker 1: they're basically now in New York City for murders by
• 1:10:00
  Speaker 1: one hundred thousand people, one hundred thousand people, and that
• 1:10:02
  Speaker 1: is the lowest ever recorded in the city of New York.
• 1:10:07
  Speaker 1: So for those of you who are worried about New
• 1:10:09
  Speaker 1: York safety, I mean, there might be something to worry about,
• 1:10:11
  Speaker 1: we'll talk about it in a minute, but it doesn't
• 1:10:13
  Speaker 1: murder that is at all time lows. It is worth mentioning,
• 1:10:18
  Speaker 1: particularly you know, might be mentioned by the Europeans out there.
• 1:10:24
  Speaker 1: The four people one hundred thousand murdered in a year
• 1:10:28
  Speaker 1: is a lot higher than Europe and place like Japan
• 1:10:34
  Speaker 1: and South Korea, where a murder rate in most European
• 1:10:38
  Speaker 1: countries and in those parts of Asia is about one
• 1:10:44
  Speaker 1: per one hundred thousand, so seventy five percent less. So
• 1:10:52
  Speaker 1: New York has a long way to go to just
• 1:10:54
  Speaker 1: become like a European major city. In spite of all
• 1:10:59
  Speaker 1: those you know, in spite of everything you hear about
• 1:11:02
  Speaker 1: crime in Europe, crime in Europe is seventy five last
• 1:11:06
  Speaker 1: percent less in terms of murder, not crime overall, seventy
• 1:11:10
  Speaker 1: five percent less than it is in New York City.
• 1:11:15
  Speaker 1: And New York City is one of the safest cities
• 1:11:17
  Speaker 1: in the United States, I think, the safest big city
• 1:11:22
  Speaker 1: in the United States, and it's right now the safest
• 1:11:26
  Speaker 1: in terms of murder. Then it's been in its history.
• 1:11:30
  Speaker 1: Now that is not true unfortunately for other kind of crime. So,
• 1:11:36
  Speaker 1: for example, felony assault is up significantly over the last
• 1:11:42
  Speaker 1: seven years, So felony assault might be at all time highs.
• 1:11:49
  Speaker 1: And this I think can be attributed to the fact
• 1:11:52
  Speaker 1: that while NYPD has been very good at reducing deadly violence,
• 1:12:00
  Speaker 1: they don't have enough cops. They just don't have enough
• 1:12:02
  Speaker 1: cops in the street to rejuice the level of other
• 1:12:07
  Speaker 1: types of violence. You know, a lot of this is
• 1:12:10
  Speaker 1: domestic violence. A lot of it's are sold on public
• 1:12:14
  Speaker 1: sector workers. And but that is going to require it's
• 1:12:20
  Speaker 1: going to require, you know, a lot more policemen, a
• 1:12:24
  Speaker 1: lot more policemen. Again, murders are down thirty six percent
• 1:12:29
  Speaker 1: since twenty eighteen, where say thirty six percent since they
• 1:12:34
  Speaker 1: peaked in twenty twenty one. Shootings shootings in New York
• 1:12:39
  Speaker 1: City at the lowest level since consistent records began in
• 1:12:42
  Speaker 1: nineteen ninety three. And again, murder lower than since the
• 1:12:50
  Speaker 1: nineteen sixties, but other crimes are high. Last year there
• 1:12:58
  Speaker 1: were thirty thousand fell in you assaults these are incidents
• 1:13:02
  Speaker 1: involving aggregate factors such as a weapon and attacked on
• 1:13:06
  Speaker 1: a police officer, the highest total since at least the
• 1:13:09
  Speaker 1: turn of the millennium, and a forty four percent increases
• 1:13:12
  Speaker 1: in nineteen and again this is a consequence of having
• 1:13:17
  Speaker 1: about what was the number, I saw, three thousand fewer
• 1:13:22
  Speaker 1: cops as compared to twenty nineteen. And it's not like
• 1:13:26
  Speaker 1: mcdonie's going to hire a bunch of cops. So you know,
• 1:13:34
  Speaker 1: the way you the way you deal with these kind
• 1:13:37
  Speaker 1: of assault. The prevalence of of of violent crime is
• 1:13:44
  Speaker 1: many many more policemen on the beat. Ain't gonna happen
• 1:13:51
  Speaker 1: anytime soon. Sadly, all right, but motor is down. That's good.
• 1:13:56
  Speaker 1: I don't want to be murdered, all right. Two final
• 1:14:00
  Speaker 1: quick positive stories, And this is going to be part
• 1:14:03
  Speaker 1: of a regular feature in the Uron book show. These
• 1:14:06
  Speaker 1: shows have become way too negative, so we're going to
• 1:14:08
  Speaker 1: have a regular feature called human Achievement. Hopefully every show
• 1:14:13
  Speaker 1: I'll highlight one, two, three stories about some achievement that
• 1:14:18
  Speaker 1: is being that is happening out there. These will mostly
• 1:14:22
  Speaker 1: be from science, technology, and biotech. And I've got to
• 1:14:28
  Speaker 1: today one in biotech and one one is SpaceX. Let's
• 1:14:34
  Speaker 1: start with that one. On May twenty second, three days ago,
• 1:14:40
  Speaker 1: SpaceX launched Starship Flight twelve from star Base in Texas.
• 1:14:46
  Speaker 1: It was the first flight of the upgraded Starship Version
• 1:14:50
  Speaker 1: three architecture and the twelfth integrated Starship Super Heavy test flight. Overall,
• 1:14:57
  Speaker 1: these are massive rockets. This rocket is roughly four hundred
• 1:15:01
  Speaker 1: and eight feet tall. It's the largest and most powerful
• 1:15:05
  Speaker 1: rocket system that's ever flown. Now, like most Starship test flights,
• 1:15:17
  Speaker 1: is what went right and what went wrong. In every
• 1:15:20
  Speaker 1: test flight, they expect something to go wrong, which is
• 1:15:22
  Speaker 1: what they learned from. They learn from those and every
• 1:15:26
  Speaker 1: test flight they make better. The big success in this
• 1:15:32
  Speaker 1: flight was the upper stage. Now, remember the Starship is
• 1:15:36
  Speaker 1: the rocket that or first it is expected to distribute
• 1:15:41
  Speaker 1: star Link satellites, much higher quantities of them, so it
• 1:15:46
  Speaker 1: can take a much heavier payload, right, So in this
• 1:15:51
  Speaker 1: case they deployed a test payload which weighed about what
• 1:15:58
  Speaker 1: a payload will be in the future. So the size
• 1:16:01
  Speaker 1: of this rocket is because it's going to carry massive
• 1:16:04
  Speaker 1: payloads into space. But Starlink is just step one. Ultimately,
• 1:16:10
  Speaker 1: this is the rocket that's going to help build whatever
• 1:16:13
  Speaker 1: the space station on the Moon and ultimately be used
• 1:16:21
  Speaker 1: to take man to Mars. So the big success here
• 1:16:25
  Speaker 1: was that the upper stage Starink reached space. It's separated
• 1:16:30
  Speaker 1: properly from the Super Heavy boost. It deployed test payloads,
• 1:16:36
  Speaker 1: its survivor re entry and made it to its planned
• 1:16:41
  Speaker 1: Indian Ocean splash down zone. So that's amazing. This is
• 1:16:45
  Speaker 1: a renewable you know what do you call it? Renewable spaceships.
• 1:16:52
  Speaker 1: So that piece of it made it back and splashed
• 1:16:56
  Speaker 1: into the Indian Ocean all according to plan. Now that's
• 1:17:01
  Speaker 1: pretty cool, right. They deployed twenty mark Stallink satellites plus
• 1:17:06
  Speaker 1: two diagnostic satellites. The space dot Com describes the payload
• 1:17:12
  Speaker 1: as twenty two payloads, including two camera equipped diagnostic Stallink
• 1:17:16
  Speaker 1: units used to inspect the vehicle in flight. The launch
• 1:17:22
  Speaker 1: also tested the new V three hardware and a new
• 1:17:25
  Speaker 1: launch pad for Starbase, so you know, again they're constantly testing. Now,
• 1:17:33
  Speaker 1: some things went wrong, but again wrong in terms of learning.
• 1:17:38
  Speaker 1: The super Heavy booster did not complete its planned return profile.
• 1:17:43
  Speaker 1: It was supposed to perform a simulated offshore landing sequence
• 1:17:48
  Speaker 1: in the Gulf of Mexico, but its engines does not
• 1:17:51
  Speaker 1: properly relight for the sustained boost back return burn and
• 1:17:56
  Speaker 1: the booster was lost. The starlink upper stage also lust
• 1:18:01
  Speaker 1: one of its six rotator engines during a scent. Because
• 1:18:05
  Speaker 1: of that, space X skipped at least one plan test objective,
• 1:18:09
  Speaker 1: including an in space engine relaye test. Still, the ship
• 1:18:15
  Speaker 1: continued in its mission and completed the re entry and splashdown. Now,
• 1:18:21
  Speaker 1: all of this is a step towards full reusability. Spaceship
• 1:18:26
  Speaker 1: is meant to make both the booster and ship rapidly reusable,
• 1:18:31
  Speaker 1: unlike traditional expendable rockets, so it's moved in that direction.
• 1:18:39
  Speaker 1: We're moving towards massive stall link deployment, Massive quantity is
• 1:18:44
  Speaker 1: installing satellites out there in the atmosphere. And then, of
• 1:18:48
  Speaker 1: course this is a step towards the Lunar program Autumn,
• 1:18:52
  Speaker 1: NASA's automist lunar program. Starship is supposed to be the
• 1:18:55
  Speaker 1: way the you know, is supposed to serve as a
• 1:18:58
  Speaker 1: lunar lander for future Optimus missions. Right, so, still a
• 1:19:06
  Speaker 1: lot of work for Stall for them to do, but
• 1:19:10
  Speaker 1: it's definitely a step in the right direction and inspiring,
• 1:19:14
  Speaker 1: I mean, pretty amazing, uh sci fi like stuff, all right. Second, second,
• 1:19:23
  Speaker 1: Positive you Know Scientific is a biotech uh Lily, which
• 1:19:31
  Speaker 1: is a pharmaceutical company purchased a purchased recently a company
• 1:19:38
  Speaker 1: called Verve Therapeutics Therapeutics that developed a cholesterol gene therapy
• 1:19:46
  Speaker 1: called Verve one oh two. So what this does is
• 1:19:53
  Speaker 1: it goes in and it edits. It edits a single
• 1:19:58
  Speaker 1: letter DNA in a liver cell. So it goes into
• 1:20:03
  Speaker 1: the liver cells and it makes a permanent single letter
• 1:20:08
  Speaker 1: DNA edit. It's pretty amazing stuff. Now, what the edit
• 1:20:14
  Speaker 1: does is it turns off the pc s K nine,
• 1:20:20
  Speaker 1: which is a gene that raises ld ok elestrol. I
• 1:20:24
  Speaker 1: don't know if you know a lot of people take
• 1:20:27
  Speaker 1: these injections that also affect the pck SK nine you know, gene,
• 1:20:37
  Speaker 1: but that you have to take an injection every two weeks.
• 1:20:42
  Speaker 1: Here the idea is that you're making this change basically forever,
• 1:20:49
  Speaker 1: or at least for a very long time. All it
• 1:20:52
  Speaker 1: requires is one single dose of one oh two that
• 1:20:57
  Speaker 1: is given to you through an infusion, a blood infusion.
• 1:21:04
  Speaker 1: And of course you know what it does. Exactly how
• 1:21:08
  Speaker 1: well it functions depends on the dose. So pc sk
• 1:21:12
  Speaker 1: nine protein is rejuiced between fifty one percent to eighty
• 1:21:17
  Speaker 1: eight percent depending on dose. Ldl C, so called bad
• 1:21:22
  Speaker 1: cholesterol went down by nine percent to sixty two percent
• 1:21:26
  Speaker 1: depending on dose. The strongest dose one milligram pe kilogram
• 1:21:31
  Speaker 1: a body weight produced to means sixty two percent LDL
• 1:21:34
  Speaker 1: C reduction. The factors reported as durable for up to
• 1:21:40
  Speaker 1: eighteen months in some participants. So you could do this
• 1:21:43
  Speaker 1: treatment once every eighteen months and have basically your LDL
• 1:21:50
  Speaker 1: and your LDLC reduced significantly for good without having to
• 1:21:58
  Speaker 1: inject every two weeks. Now, the study was small, only
• 1:22:02
  Speaker 1: thirty five participants, and they were all, you know, very similar.
• 1:22:09
  Speaker 1: They all had premature culinary artery disease who in spite
• 1:22:17
  Speaker 1: of all conventional therapy still needed another reduction in their
• 1:22:22
  Speaker 1: LDLC in spite of responding to all these other anyway,
• 1:22:28
  Speaker 1: you know, fifteen participants followed at least will followed for
• 1:22:30
  Speaker 1: at least one year, and they expect that they will
• 1:22:34
  Speaker 1: follow the you know, these participants for at least up
• 1:22:38
  Speaker 1: to fifteen years. So the idea that you can go
• 1:22:44
  Speaker 1: in and just change one gene is really really exciting,
• 1:22:51
  Speaker 1: and I mean this is this is again a way
• 1:22:53
  Speaker 1: to solve LDL cholesterol as an issue for people with
• 1:22:56
  Speaker 1: a very simple treatment. It also is a proof of
• 1:23:00
  Speaker 1: concept and in vivo, you know, a gene replacement or
• 1:23:05
  Speaker 1: gene modification which can be then applied to other genes.
• 1:23:13
  Speaker 1: Are the issues are the problems? Very early stage, very
• 1:23:19
  Speaker 1: small sample, so a lot still to be tested and done.
• 1:23:24
  Speaker 1: This is not going to be available in the next
• 1:23:28
  Speaker 1: few years, but it is a proof of concept and
• 1:23:31
  Speaker 1: it's just amazing. How you know, this is all coming
• 1:23:34
  Speaker 1: out of the gene editing technology, Crisper. We talked about
• 1:23:37
  Speaker 1: that a few years ago, and I mean just human
• 1:23:41
  Speaker 1: intelligence and human capabilities. We're going to the stars and
• 1:23:46
  Speaker 1: we're splicing our genes, We're editing our genes in cells
• 1:23:52
  Speaker 1: inside our body, improving our own our own biology. We're
• 1:23:57
  Speaker 1: hacking a biology. And that both of these have just
• 1:24:02
  Speaker 1: at the beginnings, just the seeds are being planted, but
• 1:24:06
  Speaker 1: both have the potential to fundamentally change human life in deep,
• 1:24:10
  Speaker 1: profound ways. So unbelievably exciting and a testament just the
• 1:24:15
  Speaker 1: capacity of human reason to do really amazing, amazing stuff.
• 1:24:27
  Speaker 1: All right, let's see, all right, rumors are still flying
• 1:24:44
  Speaker 1: about deals being cut and deals. It looks like Kato
• 1:24:48
  Speaker 1: has stepped in and it's gonna it's gonna basically give
• 1:24:51
  Speaker 1: the Ranians a twelve billion dollar loan so that they
• 1:24:55
  Speaker 1: can start using their money before the U unfreezes their assets,
• 1:25:02
  Speaker 1: so that Trump doesn't say he unfrozes the assets, but
• 1:25:05
  Speaker 1: that money will be used to pay off the Katari loan.
• 1:25:08
  Speaker 1: But in the meantime, the Uranians will go twelve billion dollars.
• 1:25:10
  Speaker 1: Either way, Ewan gets the money, but Trump can say
• 1:25:13
  Speaker 1: I didn't unfreeze the assets, so everybody win win in
• 1:25:16
  Speaker 1: terms of pr I, my friends, is the news, although
• 1:25:22
  Speaker 1: it will continue on this Monday, Memorial Day, May twenty fifth.
• 1:25:31
  Speaker 1: We will continue this tomorrow. We will now turn to
• 1:25:34
  Speaker 1: super chat. But I'll remind you we're way behind and
• 1:25:37
  Speaker 1: our goal for the second hour. So we met the
• 1:25:39
  Speaker 1: goal for the first hour, thank you, guys, but we
• 1:25:42
  Speaker 1: need to meet to go for the second hour. So
• 1:25:44
  Speaker 1: please we're still about two hundred and thirty dollars short
• 1:25:49
  Speaker 1: on that one. So please consider asking questions. One hundred
• 1:25:52
  Speaker 1: and fifty people watching right now asking questions, doing stickers
• 1:25:56
  Speaker 1: two dollars, five dollars, ten dollars, twenty dollars. Heil molten'
• 1:25:58
  Speaker 1: splendid just did a one hundred dollars to kind of chip
• 1:26:02
  Speaker 1: away at that and now now you know, only a
• 1:26:07
  Speaker 1: one hundred and thirty dollars away instead of instead of
• 1:26:12
  Speaker 1: two hundred and forty. So thank you, Molten Splendor. We'll
• 1:26:14
  Speaker 1: get you a question in a minute. But yeah, you
• 1:26:17
  Speaker 1: can ask questions like molten Splendor, and I respond to
• 1:26:20
  Speaker 1: those questions and you get to shape the shape the
• 1:26:23
  Speaker 1: show the content of the show that way. Or you
• 1:26:25
  Speaker 1: can do a stick up and then not have to
• 1:26:28
  Speaker 1: ask a question if you don't want to ask a
• 1:26:29
  Speaker 1: question on me right now, right, so we will we
• 1:26:35
  Speaker 1: will keep going, all right. I'll remind you the Inman Institute.
• 1:26:41
  Speaker 1: The in Institute is encouraging those of you who are
• 1:26:46
  Speaker 1: sixteen to twenty two to check out sixteen to twenty
• 1:26:54
  Speaker 1: two to check out the Atlas Short Essay Contest. One
• 1:26:57
  Speaker 1: hundred thousand dollars price one hundred thousand dollars. That's a
• 1:27:00
  Speaker 1: lot of money. One hundred thousand dollars byes, you know,
• 1:27:05
  Speaker 1: second place is twenty five thou then ten, then five,
• 1:27:08
  Speaker 1: then a bunch of thousand dollars. So a lot of
• 1:27:10
  Speaker 1: people are going to get good money for writing an
• 1:27:12
  Speaker 1: essay on Atlas. Shrugg this whole process uh to find
• 1:27:16
  Speaker 1: out more information about this iinman dot org slash ybs
• 1:27:21
  Speaker 1: Ironman dot org slash ybs let me also mentioned Hendershot Wealth,
• 1:27:27
  Speaker 1: Hendershell Wealth dot com, hendershell Wealth dot com. That's to
• 1:27:31
  Speaker 1: tease slash ybs. Hendershell Wealth is a money manager. Uh
• 1:27:37
  Speaker 1: and uh, it's a it's uh the couple the the
• 1:27:44
  Speaker 1: husband is my former partner, business partner, professor finance, but
• 1:27:50
  Speaker 1: the business is really run by his wife and she's amazing.
• 1:27:54
  Speaker 1: Uh and uh. You know. Overall they offer lots of
• 1:27:57
  Speaker 1: different money management products. But you can find an interview
• 1:28:01
  Speaker 1: with me and Robert on the playlists on the sponsors
• 1:28:05
  Speaker 1: where we discussed this particular product that is geared to
• 1:28:08
  Speaker 1: saving large amounts of money on capital gains on capital gains.
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  Speaker 1: So check it out. Check it out on capital gains
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  Speaker 1: taxes of course, capital gains taxes. Defenders of Capitalism dot com.
• 1:28:26
  Speaker 1: Defenders of Capitalism dot com is a website by Michael Williams.
• 1:28:29
  Speaker 1: It you know, it presents a defensive capitalism or mabel
• 1:28:32
  Speaker 1: philosophical economic political defense of capitalism the most I've worked
• 1:28:38
  Speaker 1: on it together with Michael for many years. Sign up
• 1:28:41
  Speaker 1: on the newsletter and get informed about what products and
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  Speaker 1: what we have to offer. And then finally, Alex Epstein
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  Speaker 1: is the number one authority expert in the world on
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  Speaker 1: wet and controls by government. So check out check out
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  Speaker 1: Alex alex Epstein dot substack dot com. All right, finally,
• 1:29:10
  Speaker 1: you know, one of the best ways to support the
• 1:29:11
  Speaker 1: Onon Book Show is by becoming a monthly supporter of
• 1:29:15
  Speaker 1: the show, a monthly contributor. You can do that on Patreon,
• 1:29:18
  Speaker 1: or you can do that on PayPal. A Patreon is
• 1:29:21
  Speaker 1: I think easier for everybody, but check out Patreon. You
• 1:29:24
  Speaker 1: can do it at two dollars all the way to
• 1:29:26
  Speaker 1: one thousand dollars a month and help make the One
• 1:29:31
  Speaker 1: Book Show permanent, go on for well, not forever, but
• 1:29:35
  Speaker 1: at least as long as I'm doing anything, as long
• 1:29:38
  Speaker 1: as I have the energy and capacity to do it,
• 1:29:40
  Speaker 1: I intend to do it. But thanks to your financial support,
• 1:29:45
  Speaker 1: without it couldn't happen. All right, let's let's jump in
• 1:29:51
  Speaker 1: here and let's see we Now we're showed one hundred
• 1:29:57
  Speaker 1: and fifteen dollars, just one hundred and fifteen dollars for
• 1:29:59
  Speaker 1: the second ol goal. So one hundred and thirteen. Actually,
• 1:30:05
  Speaker 1: so step in two dollars, five dollars. It all helps,
• 1:30:09
  Speaker 1: It all gets us there. You know, we've got a
• 1:30:12
  Speaker 1: lot of people watching. We can make a real dent
• 1:30:14
  Speaker 1: in this even with small, small levels of support. All right,
• 1:30:22
  Speaker 1: Molten Splendor says. According to Dunning Kugar, those who state
• 1:30:29
  Speaker 1: opinions with limited knowledge greatly overstate their own knowledge, whereas
• 1:30:34
  Speaker 1: individuals who study the complexities of a subject find that
• 1:30:38
  Speaker 1: they confidence plummets they realize how much they still have
• 1:30:43
  Speaker 1: to learn. Yeah, I think that's deceptive for a number
• 1:30:50
  Speaker 1: of reasons. Right. So it's true that the deeper and
• 1:30:54
  Speaker 1: better you study a topic, the more you realize that
• 1:30:59
  Speaker 1: they are things you don't know. But also it's true
• 1:31:05
  Speaker 1: then that you realize what you do know and you
• 1:31:12
  Speaker 1: come to know it better. So I think the whole
• 1:31:17
  Speaker 1: way of viewing this is wrong because you have to
• 1:31:20
  Speaker 1: create the right context. You have to think about what
• 1:31:23
  Speaker 1: it is you're measuring. What is the confidence you're measuring,
• 1:31:26
  Speaker 1: who's confidence about what? So it might be true that
• 1:31:30
  Speaker 1: they confidence plummets in terms of their knowledge overall, but
• 1:31:34
  Speaker 1: the knowledge of the thing that they have looked deeply
• 1:31:38
  Speaker 1: into that they know more of and if their confidence
• 1:31:41
  Speaker 1: is plummeted, then they are wrong to have their confidence plummets. Now,
• 1:31:46
  Speaker 1: it is true that often the people who are most
• 1:31:49
  Speaker 1: express confidence and arrogance are the people who know the
• 1:31:52
  Speaker 1: least and who don't know the topic at all. So
• 1:31:57
  Speaker 1: there is some truth to that. But I think it's
• 1:32:00
  Speaker 1: important to understand that you know, this idea of the
• 1:32:06
  Speaker 1: more you know, the more you don't know's it's not
• 1:32:10
  Speaker 1: really true. The more you know, the more you know,
• 1:32:14
  Speaker 1: the more you know, the more confident you should be
• 1:32:16
  Speaker 1: in what you know. And yes, there's you know, there's
• 1:32:22
  Speaker 1: a lot you don't know, and we keep learning that
• 1:32:25
  Speaker 1: we don't know stuff, but that's the nature of reality.
• 1:32:29
  Speaker 1: The reality is ever you know, The knowledge is of
• 1:32:34
  Speaker 1: expanding and will always be that way. So yeah, definitely,
• 1:32:45
  Speaker 1: definitely I would view it very differently, right, knowledge is power.
• 1:32:51
  Speaker 1: If this was true, if the Dunning cougar was true,
• 1:32:55
  Speaker 1: the knowledge wouldn't be power because the more I know,
• 1:32:58
  Speaker 1: the less I think I think I know, the less
• 1:33:02
  Speaker 1: significant it is, the less important it is. But that's
• 1:33:05
  Speaker 1: that's not true. The more I know, the more power
• 1:33:07
  Speaker 1: I have over reality. The more I can shape reality,
• 1:33:10
  Speaker 1: the more I can do stuff. Okay, thank you, multiplaying, Oh, multiplaying?
• 1:33:17
  Speaker 1: Another one fifty dollars, this time one hundred dollars and
• 1:33:19
  Speaker 1: fifty dollars, thank you. Before Trump's Iranian war, the Straits
• 1:33:23
  Speaker 1: of Homoes was open. Yeah, it was no million dollar
• 1:33:27
  Speaker 1: fees for ships to pass. Why is no one talking
• 1:33:30
  Speaker 1: about that? Yeah, I mean I've been talking about it
• 1:33:32
  Speaker 1: all the time, and I do see some people talking
• 1:33:35
  Speaker 1: about it, big critics of Donald Trump. But yes, the
• 1:33:39
  Speaker 1: war was not waged to open the word the Streets
• 1:33:42
  Speaker 1: of Homoes. It was already there. That's the sense in
• 1:33:47
  Speaker 1: which what Donald Trump is doing has done has made
• 1:33:51
  Speaker 1: things worse, not better. And there's no way you can
• 1:33:54
  Speaker 1: get out of it because he's now proved to the
• 1:33:57
  Speaker 1: Iranians than them this that they can close the Straits
• 1:34:03
  Speaker 1: of Homos at will and there's nothing in the US
• 1:34:06
  Speaker 1: can or will do about it. And that is that
• 1:34:14
  Speaker 1: is pretty powerful. That is a real defeat. That is
• 1:34:19
  Speaker 1: losing giving your enemy a new lease, some life and
• 1:34:24
  Speaker 1: new power, a superpower they didn't even know they had.
• 1:34:29
  Speaker 1: Now they have superpower over the Straits of Homos, which
• 1:34:32
  Speaker 1: is a superpower over the world economy over the price
• 1:34:34
  Speaker 1: of oil. And yes, a lot of the Gulf States
• 1:34:38
  Speaker 1: will try to build pipelines to get around it, but
• 1:34:41
  Speaker 1: they also have the superpower of ballistic missiles that can
• 1:34:44
  Speaker 1: destroy all that infrastructure. And you remember, one of the
• 1:34:48
  Speaker 1: goals of the war was to stop ballistic missile production
• 1:34:55
  Speaker 1: any won and to prevent them from building up a
• 1:34:58
  Speaker 1: ballistic missile capability to shrink it dramatically. That was a
• 1:35:02
  Speaker 1: goal until a few weeks ago, and that's disappeared. That's no.
• 1:35:06
  Speaker 1: When the discussion, no, when the negotiation, nobody mentions it
• 1:35:11
  Speaker 1: the ballistic missile issue. And yet again it is the
• 1:35:13
  Speaker 1: ballistic missiles that give them now power over the Gulf
• 1:35:17
  Speaker 1: States who are afraid of being bombed by them, terrified
• 1:35:21
  Speaker 1: of being bombed by them. Thank you, Wonton Splendor, Lucretian objectivist.
• 1:35:33
  Speaker 1: I love this new human achievements segment. Fifty dollars doesn't
• 1:35:36
  Speaker 1: come close to match the value for value. Well, thank you, Lucretian.
• 1:35:39
  Speaker 1: I appreciate that. Fifty dollars is fantastic, So thank you,
• 1:35:44
  Speaker 1: thank you, thank you all right, Stephen Happer, thank you
• 1:35:47
  Speaker 1: for the sticker selfie. Subscriber fifty dollars sticker. Thank you
• 1:35:51
  Speaker 1: for that. Let's see who else did a sticker? Greg
• 1:35:54
  Speaker 1: did a sticker, Thank you Greg. And I know there
• 1:35:58
  Speaker 1: were others up here somewhere selfish. Whoops, No, that's sent
• 1:36:02
  Speaker 1: me to the bottom. Let's go at the top. Oily
• 1:36:08
  Speaker 1: did a sticker, and uh, I think that's and the
• 1:36:15
  Speaker 1: Bonnie did a sticker, and Kate Dempton did a stick
• 1:36:19
  Speaker 1: and Barry did a sticker, and Enrich did a sticker,
• 1:36:22
  Speaker 1: two stickers. Actually Enrig did so thank you to all
• 1:36:25
  Speaker 1: the sticker people as well, really really really appreciate that.
• 1:36:28
  Speaker 1: All right, let's uh, let's continue with our super chats.
• 1:36:34
  Speaker 1: How often does the gene pool produce a super genius?
• 1:36:38
  Speaker 1: Every few hundred years we get a Newton on Einstein,
• 1:36:42
  Speaker 1: but once a millennium we get an Aristotle, Iron Raan. Well,
• 1:36:46
  Speaker 1: you know, I don't know how much is the gene pool.
• 1:36:50
  Speaker 1: I mean, clearly the geniuses, but I think the gene
• 1:36:54
  Speaker 1: pool probably produces many more geniuses than that. But I
• 1:36:58
  Speaker 1: think the differences that choices they make, we're not products
• 1:37:01
  Speaker 1: of our genes. GE's a piece of it. They're the hostpower.
• 1:37:09
  Speaker 1: There are people with astronomical I ques out there who
• 1:37:13
  Speaker 1: do nothing, who are not productive, who are not great thinkers,
• 1:37:18
  Speaker 1: who have not you know, become philosophers, a scientists or
• 1:37:22
  Speaker 1: anything significant. So it's what you do with your genes
• 1:37:26
  Speaker 1: that matters. What you do, the choices you make, so
• 1:37:33
  Speaker 1: and you have to live in a culture where you're
• 1:37:35
  Speaker 1: not killed for making those choices. So I think that
• 1:37:40
  Speaker 1: people born with the IQ of vine Man or the
• 1:37:43
  Speaker 1: intelligence vinement all the time. But there are very few
• 1:37:47
  Speaker 1: people who make the choices she made when she was
• 1:37:50
  Speaker 1: young about how to use that capacity. There are very
• 1:37:55
  Speaker 1: few people who is ruthlessly honest with themselves as she was,
• 1:38:01
  Speaker 1: which is necessary for being the kind of philosophical genius
• 1:38:05
  Speaker 1: that she was. So, you know, it's not enough to
• 1:38:13
  Speaker 1: have the genetic makeup. You have to also make the
• 1:38:17
  Speaker 1: right decisions. No, I'm disappointed and apologized too for hoping
• 1:38:23
  Speaker 1: Trump would fight on until regime change. Well, I mean,
• 1:38:27
  Speaker 1: you don't have to apologize for it. You didn't cause it.
• 1:38:30
  Speaker 1: But it is disappointing that we all that that I
• 1:38:33
  Speaker 1: missed it. I know some people online got it, but
• 1:38:35
  Speaker 1: I missed it. I should have said from the beginning,
• 1:38:38
  Speaker 1: he's going to lose this, Okay, not you have a
• 1:38:43
  Speaker 1: j algorithm. You mentioned successful entrepreneurs like Muscan Visos don't
• 1:38:47
  Speaker 1: get inspired andngrossed with objectivism because they're already flourishing and
• 1:38:52
  Speaker 1: successful and are looking for new ideas or explanations. Well,
• 1:38:56
  Speaker 1: that's overstating what I said. Although Blake Shaw's was an
• 1:39:00
  Speaker 1: inspired by Iran, is it typically younger high school age
• 1:39:04
  Speaker 1: people looking for answers who really become enthralled when discovering
• 1:39:07
  Speaker 1: iron ren No, I mean you know it though it's
• 1:39:10
  Speaker 1: funny you runs ira and Institute got excited by Iran
• 1:39:13
  Speaker 1: when you read her at forty, So it depends. But
• 1:39:15
  Speaker 1: I wouldn't say it's because they're ready flourishing. I don't
• 1:39:19
  Speaker 1: know if they're flourishing, and Elon Musk's only gives off
• 1:39:24
  Speaker 1: a mixed message when it comes to floishing. I think
• 1:39:27
  Speaker 1: it's they're successful and they don't see the need to
• 1:39:32
  Speaker 1: dig deeper into going to the next level because they don't.
• 1:39:37
  Speaker 1: They just don't see it. They don't see what it
• 1:39:39
  Speaker 1: could add. So I wouldn't over I don't think you
• 1:39:45
  Speaker 1: can be as flourishing as you could be if you
• 1:39:47
  Speaker 1: were an objectivist. Elon Musk and Besos would benefit from
• 1:39:51
  Speaker 1: objectivism significantly, but they can't see it because they're so
• 1:39:56
  Speaker 1: successful already. Up now, you're more likely to embrace objectivism
• 1:40:04
  Speaker 1: when you're young, but it's not necessary because you're more
• 1:40:08
  Speaker 1: open to new ideas and take ideas most seriously, and
• 1:40:12
  Speaker 1: have your whole life in front of you to shape,
• 1:40:16
  Speaker 1: to still shape. That's why I think youth matters in
• 1:40:22
  Speaker 1: this context. All right. Leam says, if you don't value
• 1:40:35
  Speaker 1: the mind, there's not much left in life. Yep. And
• 1:40:40
  Speaker 1: that's true of Pi Cup and that's true of the encyclical.
• 1:40:43
  Speaker 1: They don't value the mind, not really, even though the
• 1:40:50
  Speaker 1: encyclical gives lip stovers Jennifer. AI is a tool like
• 1:40:58
  Speaker 1: a cop. New law will have to be developed to
• 1:41:01
  Speaker 1: prevent it being used to violate rights, just like it said,
• 1:41:04
  Speaker 1: legal to drive your car into a crowd. You don't, though,
• 1:41:08
  Speaker 1: ban cause because someone might do that. Absolutely, Absolutely, it's
• 1:41:11
  Speaker 1: a great way to think about it. Yes, we're gonna
• 1:41:14
  Speaker 1: have to think about how can this tool be used
• 1:41:16
  Speaker 1: to violate rights and how can we stop that? But
• 1:41:22
  Speaker 1: it's not by banning the tool. It's by figuring all
• 1:41:25
  Speaker 1: that out, which is going to require real thinking, thinking
• 1:41:27
  Speaker 1: outside of the box thinking, in innovative ways on what
• 1:41:31
  Speaker 1: AI can and cannot do. Remo thoughts on the eight
• 1:41:38
  Speaker 1: priority aspect of proxology, that all human action is purposeful action. Yeah,
• 1:41:43
  Speaker 1: I mean, I think that's the big flaw. It in
• 1:41:46
  Speaker 1: a sense rejects reason, It rejects choice, it rejects the
• 1:41:53
  Speaker 1: irrational right. It assumes every action is as legitimate as
• 1:41:58
  Speaker 1: any other action. And it's rejecting the fact that some
• 1:42:02
  Speaker 1: actions are driven by reason and some are by emotions,
• 1:42:06
  Speaker 1: some are rational, some are irrational, and and therefore it
• 1:42:10
  Speaker 1: misses the whole. It misses morality, and it misses the
• 1:42:14
  Speaker 1: the you know. It is a it purpots to be descriptive,
• 1:42:22
  Speaker 1: you know, and misses the whole noment of aspect of
• 1:42:26
  Speaker 1: human action, of of really of morality in the end.
• 1:42:30
  Speaker 1: So and it's it's really undermines the idea of thinking
• 1:42:37
  Speaker 1: and the possibility of thought being wrong but not just wrong,
• 1:42:43
  Speaker 1: but evasive irrational Imo Remo says, still want to wish
• 1:42:50
  Speaker 1: you a happy birthday. Thank you, Remo. I appreciate that
• 1:42:53
  Speaker 1: I'm two days older now, all right, Roman says he
• 1:42:59
  Speaker 1: is quoting something. Until you make that unconscious conscious, it
• 1:43:03
  Speaker 1: will direct you your life and you will call it fate.
• 1:43:08
  Speaker 1: That is cig Yung. How does objectives and think about
• 1:43:12
  Speaker 1: the unconscious? Well, it thinks that it's it's ultimately a
• 1:43:18
  Speaker 1: product of consciousness. It's it's a consequence of decisions and
• 1:43:24
  Speaker 1: conclusions you have come to consciously. It is something that
• 1:43:28
  Speaker 1: can be directed by consciousness. It takes real work to
• 1:43:33
  Speaker 1: make that conscious conscious and it's not clear that you
• 1:43:37
  Speaker 1: always be able to make every aspect of unconscious conscious.
• 1:43:41
  Speaker 1: But that's a great question to ask Harrie ben Swanga
• 1:43:44
  Speaker 1: or Jean Maroon or Jean ben Swangen when they're on
• 1:43:47
  Speaker 1: the show. And m says, so Labor, which has it
• 1:43:53
  Speaker 1: right on Iran? Had to write on Iran along Labor, which, well, yes,
• 1:43:58
  Speaker 1: and no, you had it write that. You know it
• 1:44:02
  Speaker 1: wouldn't go well, he said, because it wasn't constitutional, it
• 1:44:07
  Speaker 1: wouldn't go well. And I don't think that's the reason.
• 1:44:10
  Speaker 1: It's because it's Trump it wouldn't go well. But yeah,
• 1:44:12
  Speaker 1: you know, he basically did have it right, Liam, but
• 1:44:17
  Speaker 1: he didn't have a right and so at you know, yes,
• 1:44:19
  Speaker 1: it wasn't constitutional, but I don't think that mattered. Again,
• 1:44:23
  Speaker 1: I don't think that that is essential given the way
• 1:44:28
  Speaker 1: from policy has been managed in the United States through
• 1:44:31
  Speaker 1: most of its history. The constitution, the lack of constitutional authority,
• 1:44:37
  Speaker 1: is not what made it fail. It's Trump made it fail.
• 1:44:41
  Speaker 1: Even if Trump had gotten constitutional you know, approof of
• 1:44:44
  Speaker 1: from Congress, he would have made it fails. It's Trump
• 1:44:47
  Speaker 1: that is the problem, not he didn't go through the process.
• 1:44:56
  Speaker 1: Does most hate come from insecurity? I don't know. Maybe,
• 1:45:02
  Speaker 1: but hate is a legitimate emotion towards something that is
• 1:45:06
  Speaker 1: a threat to you and that you know, you know
• 1:45:10
  Speaker 1: it comes from such a justice when injustice has been done.
• 1:45:14
  Speaker 1: So I don't think so. I think hate is legit,
• 1:45:19
  Speaker 1: so it can come from place in insecurity. It doesn't
• 1:45:21
  Speaker 1: have to liam. After the industrial evolution in the world
• 1:45:26
  Speaker 1: became much more focused on the human mind. Now it
• 1:45:30
  Speaker 1: seems the world's focus is to destroy the human mind,
• 1:45:33
  Speaker 1: to return my end to the level of a tribal animal. Well,
• 1:45:36
  Speaker 1: I mean, that's what some intellectuals would like to do.
• 1:45:38
  Speaker 1: But it's still true. The jobs are becoming more about
• 1:45:42
  Speaker 1: the mind, and AI will only make that even more so.
• 1:45:45
  Speaker 1: And remember the church and philosophers, some philosophers at least,
• 1:45:51
  Speaker 1: I mean fighting that move from the beginning and continue
• 1:45:54
  Speaker 1: to fight it. Today. But that doesn't mean that that's
• 1:45:57
  Speaker 1: really what's involved. Christopher Wise, the straits so hard to control, Well,
• 1:46:11
  Speaker 1: it's not. I don't think that. I don't think you
• 1:46:14
  Speaker 1: ask the Navy, they would say it's so hard to control.
• 1:46:16
  Speaker 1: I think it's risky because you're putting ships in the way.
• 1:46:20
  Speaker 1: The Ranians can fire drones at the ships, they can
• 1:46:23
  Speaker 1: fire missiles at the ships, they can fire ground to
• 1:46:27
  Speaker 1: see missiles. They also have hundreds of these little speedboats
• 1:46:31
  Speaker 1: that can destroy ships, and so the problem. And then
• 1:46:35
  Speaker 1: they have mines and nobody knows how many mines they have,
• 1:46:38
  Speaker 1: which again is bodes ill of the US Navy that
• 1:46:44
  Speaker 1: it doesn't have mind sweepers that I mean, maybe it does,
• 1:46:47
  Speaker 1: but we're not using whatever technology we have to be
• 1:46:50
  Speaker 1: able to determine whether there are any minds there. I
• 1:46:54
  Speaker 1: think we have the capabilities of getting rid of those minds,
• 1:46:56
  Speaker 1: but they're not deploying them. So it's an issue again
• 1:46:58
  Speaker 1: of will. But so it's possible to control. It wouldn't
• 1:47:02
  Speaker 1: be that hard in my view, to control, but it
• 1:47:06
  Speaker 1: involves risk, involves effort, It involves decision making, which the
• 1:47:12
  Speaker 1: Trump administration is not willing to make. Roland says Hi,
• 1:47:18
  Speaker 1: I mean information technology laborer. It's my finger muscles. Did
• 1:47:23
  Speaker 1: write the programs? Absolutely? Absolutely, thank your fingers. I mean,
• 1:47:28
  Speaker 1: and watch out. You don't want you want to lose
• 1:47:31
  Speaker 1: any fingers, because then you lose your productive abilities like numbers.
• 1:47:38
  Speaker 1: Did Bezos bring any of this on himself via Washington Post? No,
• 1:47:43
  Speaker 1: I don't think so, and I don't see why. I mean, uh,
• 1:47:49
  Speaker 1: Washing Post has not been a particularly good investment for
• 1:47:52
  Speaker 1: him commercially. He's try to move it more towards more
• 1:47:56
  Speaker 1: free market, but I don't know if he's been successful.
• 1:48:00
  Speaker 1: But I don't think. I don't think he brought any
• 1:48:02
  Speaker 1: of this on himself. I wouldn't never say that. Noah
• 1:48:07
  Speaker 1: says ten dollars, thank you, No really appreciate it. Harrison says,
• 1:48:11
  Speaker 1: just finished the album Anthem Engines by feed Rate Command.
• 1:48:15
  Speaker 1: Next album, Engines of Authority, will have songs about Monsanto
• 1:48:19
  Speaker 1: SpaceX Planteer building, the Hoover Dam, and the yunkering of
• 1:48:24
  Speaker 1: Maduro Cool. I'm still you know. We'll do a show
• 1:48:28
  Speaker 1: on the song review soon. Newly Dance says, Christians show
• 1:48:34
  Speaker 1: off the cross. How would you design a symbol to
• 1:48:37
  Speaker 1: represent atheism? I don't know. I have no idea. I mean,
• 1:48:41
  Speaker 1: I had a dollar sign that was a representation of
• 1:48:44
  Speaker 1: her ideas, but I don't have a symbol for atheism
• 1:48:49
  Speaker 1: that I'm sure there is something out there that somebody's
• 1:48:52
  Speaker 1: designed at some point, but I don't know of it.
• 1:48:56
  Speaker 1: All right, people, that is today's show. Thank you, thank you,
• 1:48:59
  Speaker 1: thank you all the super chatters. You were great. We
• 1:49:02
  Speaker 1: made our second our goal and we did not go
• 1:49:04
  Speaker 1: into our third hour, so that's cool. So thank you, guys.
• 1:49:08
  Speaker 1: I will see you tomorrow, probably four o'clock up Pacific
• 1:49:15
  Speaker 1: time tomorrow, a little later, pretty but there will be
• 1:49:18
  Speaker 1: a show tomorrow, so stay tuned for that. And yeah,
• 1:49:22
  Speaker 1: there we shows all of the rest of the week.
• 1:49:24
  Speaker 1: Don't forget. We've got Nikos on Sunday, and there will
• 1:49:30
  Speaker 1: be a show on Saturday. I'm probably gonna do a
• 1:49:32
  Speaker 1: show on nuclear power, which is sponsored by Richard will
• 1:49:36
  Speaker 1: do probably do that on Saturday. So see you guys
• 1:49:40
  Speaker 1: the rest of the week. And by the way, Saturday,
• 1:49:42
  Speaker 1: I'll also try to do some of the reviews. So
• 1:49:45
  Speaker 1: that's I need to remind myself. I have to do
• 1:49:47
  Speaker 1: reviews on Saturday in addition to the show on nuclear Hi, guys,
• 1:49:52
  Speaker 1: I will see you tomorrow. Bye everybody, and I'm sure
• 1:49:56
  Speaker 1: we'll have more news on the deal, no deal surrendered
• 1:49:59
  Speaker 1: on a good bad evil whatever I mean. I'm sure
• 1:50:03
  Speaker 1: you will be bad, but details will be interesting. Bye.