Latest / Yaron Brook Show / Milei’s Fall, ICE Chaos, SCOTUS Battles, Gaza Tensions & France’s Future? | Yaron Brook Show

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Milei’s Fall, ICE Chaos, SCOTUS Battles, Gaza Tensions & France’s Future? | Yaron Brook Show · Yaron Brook Show

0:03
Speaker 1: A little lot of it. Fundamental principles. I'll love reading it,
0:07
Speaker 1: rational self interest and individual lunast. This is the Ran
0:16
Speaker 1: Brook Show. All right, everybody, welcome here on Brook Show
0:23
Speaker 1: on this Monday, Monday, September eighth. Hope everybody's having a
0:30
Speaker 1: fantastic Monday beginning of the week. All right, I guess
0:37
Speaker 1: we can just jump into the news. I'll just say
0:40
Speaker 1: we'll probably have shows all this week and over the weekend.
0:44
Speaker 1: Most of them will be around this time, maybe a
0:46
Speaker 1: little later, but except for Thursday, it might be quite
0:50
Speaker 1: a bit later. But I'm going to try to do
0:53
Speaker 1: the shows at around three o'clock the rest of the week.
0:57
Speaker 1: All right, So let's start off with some bad news.
1:02
Speaker 1: So we talked about this on Friday.
1:04
Speaker 2: Milay had a regional election, local elections that his political
1:11
Speaker 2: party was participated.
1:15
Speaker 1: La Liberdad Avanza is his political party, and it was
1:22
Speaker 1: participating in these elections. These were elections held localities and
1:27
Speaker 1: some of the districts. Anyway, the winning these elections was
1:34
Speaker 1: not that important for what Melae can and cannot do
1:37
Speaker 1: at the national scale, but the results of these elections
1:42
Speaker 1: were deemed to reflect this popularity and deemed to be
1:46
Speaker 1: reflective of the potential for his political party in the
1:50
Speaker 1: October parliamentary elections. We has to do well in order
1:54
Speaker 1: to get enough parliamentary influence to be able to continue
2:00
Speaker 1: with his reforms. So the hope was he would do
2:03
Speaker 1: well in these regionals and that would give him some
2:05
Speaker 1: momentum going into the October parliamentary elections. And fortunately he
2:10
Speaker 1: didn't work out like that. The election was quite negative
2:16
Speaker 1: for Midla's political party. Paul showed that the Peronists the
2:22
Speaker 1: center left, well really left, I don't know what center
2:25
Speaker 1: about them. The Leftist Party would win by one to
2:29
Speaker 1: three percentage points, which would be fantastic, which would show
2:34
Speaker 1: his political party on the rise and being a significant
2:37
Speaker 1: force in Argentina. Unfortunately, the Peronist landed up winning by
2:43
Speaker 1: about thirteen points thirteen points which is high. So Theist
2:51
Speaker 1: party won forty seven percent of the vote. I mean,
2:54
Speaker 1: I don't know what the hell the Argentinians are thinking is.
3:00
Speaker 1: I mean, it's it's crazy. It's crazy that people constantly
3:05
Speaker 1: repeat the same mistakes over and over and over again.
3:09
Speaker 1: Now this is just what this was. This was just
3:17
Speaker 1: in Buenos Ayrus. These are local elections in Buenos Ayrs
3:23
Speaker 1: but Bonacirus is, of course the most important district in Argentina.
3:28
Speaker 1: Forty for the Parona's thirty three point eight for Malay's
3:34
Speaker 1: a La tibadad Avanzana. I guess the rest of the
3:37
Speaker 1: votes went to smaller political parties. So Milay himself called
3:45
Speaker 1: this a clear defeat. I mean, that's the other thing
3:48
Speaker 1: about me, Lay is you went out immediately and said, yeah,
3:51
Speaker 1: we lost big. No whitewashing, no pretending, no evading, no
3:58
Speaker 1: telling stories. It's not good. Got to get out together anyway.
4:06
Speaker 1: It's really horrific that people would continue to vote for
4:11
Speaker 1: the same policies that for decades, really since World War Two,
4:17
Speaker 1: have driven Argentina into greater and greater and greater poverty,
4:22
Speaker 1: necessitating the kind of radical action that Melaya's had to
4:27
Speaker 1: take over the last couple of years. So now we're
4:32
Speaker 1: heading to the October twenty sixth national midterm elections. It's
4:36
Speaker 1: going to be incredibly success suspenseful. Milay's agenda is up
4:43
Speaker 1: in the air. I haven't seen how Argentinian stocks did
4:52
Speaker 1: you know, did today, But you know, I guess they
4:56
Speaker 1: would be down. But you know, there's been a light
5:00
Speaker 1: up tick the inflation in August. The Pesto has been
5:03
Speaker 1: appreciating the senses. The growth to slow down. Congress is
5:10
Speaker 1: creating all kinds of tensions and problems. And there are
5:13
Speaker 1: these corruption claims against Malay's sister who is his chief advisor.
5:20
Speaker 1: So we'll see, we'll see if you can recover from this.
5:25
Speaker 1: It's going to take. It's going to take a lot
5:27
Speaker 1: of a lot of positives, a lot of positive things
5:31
Speaker 1: happening now between now and October. This is what Melay said.
5:35
Speaker 1: He says today we've had a clear feat. But if
5:39
Speaker 1: someone wants to start rebuilding and get ahead, the first
5:42
Speaker 1: thing he needs to do is accepting the outcome. Woo ooh.
5:49
Speaker 1: Is that a stab at somebody we all know that
5:53
Speaker 1: doesn't accept the outcomes when they lose. That Is that
5:57
Speaker 1: a stab at at at Trump? Trump? See it as such?
6:01
Speaker 1: Will somebody tell Trump that Mila just said that if
6:06
Speaker 1: you want to start building and getting ahead, the first
6:09
Speaker 1: thing he needs to do is accepting the outcome. Yet,
6:13
Speaker 1: this is a floor for us, but a ceiling for them.
6:17
Speaker 1: And I want to highlight that the course by which
6:20
Speaker 1: we were elected in twenty twenty three will not be modified.
6:25
Speaker 1: We will double it down. Either freedom advances or Gentina
6:31
Speaker 1: goes backwards, and our commitment to make Argentina great again
6:35
Speaker 1: is non negotiable. So that is a Melay promising to
6:41
Speaker 1: double down on his plans, on his programs, on what
6:49
Speaker 1: he intends, what he intends to do. So, yeah, it's
6:57
Speaker 1: a tough I think it's a tough loss. He doesn't
7:01
Speaker 1: deserve it, and you would think again that maybe I
7:07
Speaker 1: understand that they might not be happy with him, but
7:09
Speaker 1: maybe they go to a third party, maybe a new party,
7:11
Speaker 1: maybe one of the small parties. But to literally vote
7:14
Speaker 1: for the poronias, literally vote for Kishna from Christina Fernandez,
7:20
Speaker 1: the kishner, the corrupt former president, to vote for a
7:23
Speaker 1: political party, to vote for the corruption, the inflation, the stagnation,
7:32
Speaker 1: just the poverty that they brought to Argentina, uh over
7:39
Speaker 1: the over the last what seventy years. It's just it's
7:44
Speaker 1: just hard to believe that the Argentina people are that
7:48
Speaker 1: gullible that I don't know that'd be willing to to
7:57
Speaker 1: stab themselves, to stab themselves. Right now, Melay has a
8:03
Speaker 1: tiny political party in Parliament and he needs he needs
8:08
Speaker 1: the game, some seeds. He needs to He's not gonna
8:10
Speaker 1: get a majority, but he needs to get significant presence
8:13
Speaker 1: in the Parliament in Congress if he is going to
8:17
Speaker 1: succeed there. The proneist to have the largest block in
8:20
Speaker 1: Argentina's Congress. Uh. And they've they've blocked many of Malay's
8:26
Speaker 1: initiatives and actually passed initiatives to kind of counter what
8:31
Speaker 1: Milay is trying to do, for example, the increased government spending.
8:34
Speaker 1: They're trying to get increased goverment spending. Uh. And anyway,
8:42
Speaker 1: uh uh Kishna has been you know, making fun of
8:46
Speaker 1: Melay and trolling him, and uh, we will see. This
8:50
Speaker 1: is a wake up call for the government and it's
8:54
Speaker 1: going to be really interesting what they do in the
8:57
Speaker 1: next few weeks months really, there's no months. There's just
9:01
Speaker 1: weeks before the October twentieth election to try to turn
9:05
Speaker 1: this around. But we will see. You know, the Buenacidis
9:16
Speaker 1: hyself the city is the mayor of the city or
9:20
Speaker 1: the governor of the Bonocireus province is a Kishener, right,
9:25
Speaker 1: a left wing peronist who is Mila's probably fiercest critic
9:33
Speaker 1: and is probably going to be the guy who runs
9:36
Speaker 1: against him in the next presidential election. So this this
9:40
Speaker 1: emboldens him and it gives him reason to believe that
9:45
Speaker 1: that he can he can win. So we'll see, we'll see.
9:53
Speaker 1: I mean, the one right spot in the world politically,
9:56
Speaker 1: politically is hopefully not dimming. But we will see, we
10:05
Speaker 1: will see. And again note that this is not his
10:10
Speaker 1: reelection and it is not an election Parliament, but it
10:14
Speaker 1: is indicative of his declining popularity within Argentina. I want
10:21
Speaker 1: to return to another story recovered on Friday, and that
10:24
Speaker 1: is the rest of four hundred and fifty people at
10:29
Speaker 1: a Hyundai site in Georgia, a site being built by
10:33
Speaker 1: Hyundai and LG to produce batteries in the United States,
10:37
Speaker 1: electric batteries in the United States. This is part of
10:40
Speaker 1: being manufacturing to the US, a part of creating jobs
10:47
Speaker 1: in the United States. Supposedly, and ICE ICE sent four
10:53
Speaker 1: hundred agents on Friday and arrested four hundred and fifty
10:57
Speaker 1: workers at these plants, claiming they were doing so in
11:01
Speaker 1: one way or another illegally. Of the four hundred and fifty,
11:04
Speaker 1: at least three hundred it's not exactly what the number is,
11:07
Speaker 1: but at least three hundred of them were identified as
11:10
Speaker 1: South Koreans. Now, what is amazing about this is Yeah,
11:18
Speaker 1: there were South Koreans, but these are not illegally immigrants
11:21
Speaker 1: to snack across the border to come here. These are
11:24
Speaker 1: South Koreans employed by Korean companies. Many of them subcontractors,
11:29
Speaker 1: contractors of Houndai and LG, some of them direct employees
11:34
Speaker 1: of these companies. These companies investing billions, tens of billions
11:39
Speaker 1: of dollars into the United States, and these are people
11:42
Speaker 1: they brought in to help build this factory, put it together,
11:52
Speaker 1: get it ready for launch, and that is when it launched.
11:56
Speaker 1: When it launches, when it launches, this is a place
12:04
Speaker 1: they will employ many Americans, one hundreds and provide us
12:11
Speaker 1: with something that uncial security kind of requires batteries. Anyway,
12:18
Speaker 1: I thought it would be a great idea. And Trump
12:20
Speaker 1: is backing them to arrest four hundred and fifty people
12:23
Speaker 1: if we work in this place because their visas are
12:25
Speaker 1: not quite right. It turns out that some of these
12:29
Speaker 1: Korean companies cut a few corners because it's so frigging
12:34
Speaker 1: difficult to get legal documents to get people to come
12:38
Speaker 1: into work to create a facility that then will employ Americans.
12:44
Speaker 1: These people are not going to stay here, but they
12:48
Speaker 1: didn't have exactly the right paperwork, so they were arrested.
12:52
Speaker 1: But they want just arrest it. I mean, I don't
12:53
Speaker 1: know if you saw the videos. They were handcuffed with
12:57
Speaker 1: a chain around their body and handcuffs. Their legs were
13:02
Speaker 1: put in chains, and they were tied together like a chain. Well,
13:07
Speaker 1: no they're not tied together, but you know, and they
13:10
Speaker 1: were boarded on buses. Regular people working, working, creating, building,
13:17
Speaker 1: making stuff. We're arresting them. We're putting them in jail.
13:21
Speaker 1: It's now illegally in the United States to work. Now,
13:26
Speaker 1: imagine if South Korea chained three hundred US workers in
13:32
Speaker 1: South Korea and put them in detention. I mean, Americans
13:36
Speaker 1: would be flipping out. This is insane. It's horrible immigration policy,
13:46
Speaker 1: it's horrible economic policy, and it's just stupid from policy. Remember,
13:52
Speaker 1: Korea is supposedly an ally. Now we'll get to our
13:56
Speaker 1: confrontation with China in a minute and whether the Trumpet
13:58
Speaker 1: administration really cares about, but South Korea is supposed to
14:02
Speaker 1: be an ally in our confrontation with the Chinese. South
14:07
Speaker 1: Korea is the one place where you can where the
14:12
Speaker 1: United States can actually probably build some ships. They and
14:18
Speaker 1: Japan are the only countries in the world where you
14:20
Speaker 1: can really build chips other than China. They are the
14:27
Speaker 1: second largest producer of micro chips that the United States consumes.
14:43
Speaker 1: It's just whatever the story here is, this is unbelievably stupid.
14:50
Speaker 1: And yeah, you know the stories are coming out about
14:55
Speaker 1: cutting corners. Yeah, there's no question they cut corners. The
15:01
Speaker 1: reality is that it's impossible to get the kind of
15:04
Speaker 1: visas that they need in order to bring the people
15:06
Speaker 1: into the country to do the kind of work to
15:08
Speaker 1: set the factory up so we could produce in the
15:11
Speaker 1: future batteries. So you know, the corners are probably not
15:16
Speaker 1: that big. It's not that hard to imagine them doing it.
15:20
Speaker 1: Maybe not the big companies, maybe not Samsung and LG,
15:24
Speaker 1: sorry Hyundai and LG. Maybe it was the subcontracts that
15:28
Speaker 1: did it. Maybe the subcontracting companies American But no matter what,
15:32
Speaker 1: the issue is, what are we doing arresting them? What
15:36
Speaker 1: are you doing? I mean, I thought the whole point
15:40
Speaker 1: about getting ridility of immigrants was crying, these are not criminals,
15:47
Speaker 1: or maybe it's jobs. These people are not taking Americans jobs.
15:50
Speaker 1: These people are doing jobs Americans can't don't have the
15:55
Speaker 1: skills for so that Americans canultimately get those jobs. And
16:07
Speaker 1: South Korea is an ally of ours. This is not
16:09
Speaker 1: some Chinese enterprise. And believe me, South Korea is going
16:16
Speaker 1: to remember this and the tariffs and the general shitty
16:21
Speaker 1: behavior on the part of the Trump administration towards South
16:24
Speaker 1: Korea and other allies in Asia. This will be remembered,
16:32
Speaker 1: and geo politically, we're just doing everything we can to
16:37
Speaker 1: push them forward, to alienate the people who should be
16:40
Speaker 1: our best friends. According to Wall Stet Journal, South Korean
16:46
Speaker 1: nationals were largely given visas suitable for training purposes, such
16:50
Speaker 1: as the B one visa, and many there were working
16:53
Speaker 1: as instructors. According to South Korean government officials, I mean,
16:59
Speaker 1: this is this is a company investing in the United States,
17:02
Speaker 1: trying to speed up the process of getting the plant
17:05
Speaker 1: built and done and getting everything done and maybe cutting
17:08
Speaker 1: corners because of the bureaucratic hurdle that this government, our
17:12
Speaker 1: government has put in place. This is how you deploy ice,
17:21
Speaker 1: I mean, and they came out in full force, four
17:23
Speaker 1: hundred of them. So it's it's really horrific, right, I mean,
17:43
Speaker 1: why are we arresting people who are working at all anywhere?
17:48
Speaker 1: Whether they're working in restaurants, working in farms, working in factories.
17:54
Speaker 1: By the way, ICE has already said, there will be
17:56
Speaker 1: more of these raids, there will be more raids on factories.
18:00
Speaker 1: Mega thought this was brilliant. They loved this. Four hundred
18:04
Speaker 1: and fifty people arrested all at once in one factory.
18:07
Speaker 1: It made their decade. They thought this was amazing. But
18:15
Speaker 1: the reality is, this is an administration and it's supporting
18:21
Speaker 1: Cadwy who basically resents immigrants, resents foreigners, no matter where
18:28
Speaker 1: they come from, except, of course, if they're white South
18:32
Speaker 1: Africans then their heroes. But pretty much everybody else is resented.
18:38
Speaker 1: It doesn't matter if they come from an ally country,
18:40
Speaker 1: a shithole country as Donald Trump defined them, or a
18:45
Speaker 1: or a enemy country. It doesn't matter. It's a foreigner
18:49
Speaker 1: and they're bad and they need to be out and
18:51
Speaker 1: we need to find ways to keep them out. And
18:59
Speaker 1: you know, double up, and let's keep going, and let's
19:07
Speaker 1: so yeah, you know this is just getting this getting
19:13
Speaker 1: worse and worse and worse. The trumpetmerstation is getting more
19:17
Speaker 1: and more arrogant, more and more confident and going after people.
19:22
Speaker 1: The one good thing about this, there's a silver lining,
19:25
Speaker 1: as they say, and the silver lining is that the
19:29
Speaker 1: polls are showing right now that American support for immigration
19:34
Speaker 1: is increasing. Right now, seventy nine percent of Americans say
19:40
Speaker 1: that immigration is a good thing, with only seventeen percent
19:46
Speaker 1: saying it's a bad thing. Now, that's seventy nine is
19:50
Speaker 1: way up from when the election was held, where it
19:53
Speaker 1: was still still in the sixties, but in the sixties
19:57
Speaker 1: and the mid sixties. The way up since then. It's
19:59
Speaker 1: actually the high point since this survey was taken by Gallop,
20:03
Speaker 1: which was in two thousand and two. So it's at
20:07
Speaker 1: the country right now is more pro immigration than it's
20:10
Speaker 1: being since two thousand and two. And it's it's Biden
20:14
Speaker 1: who really with the craziness on the border the turn
20:17
Speaker 1: people away from immigration and Trump. During Trump's terms, people
20:25
Speaker 1: become more pro immigration because they see the consequence of
20:28
Speaker 1: the insanity and the nunetiness, the wastefulness, and the just
20:33
Speaker 1: the horror of these kind of immigration immigration policies. By
20:37
Speaker 1: the way, the biggest shift on immigration upwards in terms
20:42
Speaker 1: of improvements is among the Republicans. Republicans were really really
20:48
Speaker 1: negative and immigration when the election happened. They were under
20:53
Speaker 1: forty supported immigration. It's jumped to sixty four percent of Republicans,
21:00
Speaker 1: which is not quite a peak for Republicans. Republicans used
21:04
Speaker 1: to be. I mean, in the mid two thousands it
21:09
Speaker 1: was over seventy percent for Republicans, which is interesting, was
21:12
Speaker 1: the same, They weren't about the same as Democrats. And
21:16
Speaker 1: I bet if you go back to eighties and nineties,
21:19
Speaker 1: Republicans were more pro immigration than Democrats. Certainly Reagan Republicans
21:24
Speaker 1: were more pro immigration than Democrats. So yeah, it's it's
21:43
Speaker 1: fueling a pro immigration trend. This is good, this is good.
21:48
Speaker 1: We got a big boost among Republicans in favor of immigrations.
21:55
Speaker 1: So in a question, and then you should immigration be
22:01
Speaker 1: kept at its present level increased to decreased Republicans? Yeah,
22:12
Speaker 1: it's mostly Republicans say decreased, but but that's come way
22:18
Speaker 1: down from around the election. Uh, and kept at the
22:22
Speaker 1: present rate has gone way up. Anyway, These polls are always complex,
22:28
Speaker 1: but it is it is interesting. God, what is the
22:37
Speaker 1: discussion going on right then? Trying to not read your chats,
22:46
Speaker 1: let's see where we are. Oh wow, okay, all right,
22:56
Speaker 1: let's just super chats flowing in. I really appreciate that.
22:58
Speaker 1: Thank you, guys. Keep it up. Let's make today a
23:02
Speaker 1: good day. We need a good day. We need a
23:06
Speaker 1: good switchat day. All right, let's see what else do
23:11
Speaker 1: we have? Yeah, you know, the Pentagon publishes I think
23:21
Speaker 1: every year, but certainly big revisions happened every few years.
23:27
Speaker 1: It publishes a national defense strategy. Bush published the Ford
23:31
Speaker 1: Strategy for Freedom. That was his national defense strategy. I
23:35
Speaker 1: was very critical of that when it came out in
23:38
Speaker 1: I can'try in two thousand and five or whenever that was. Anyway,
23:43
Speaker 1: there was now a draft of the National Defense Strategy
23:47
Speaker 1: that was just placed on the desk of Defense Secretary Hegseth,
23:53
Speaker 1: and it is it is fascinating. First of all, this
23:57
Speaker 1: was a draft that was led. The writing of this
24:00
Speaker 1: draft was led by Eldridge Kolby. Eldwhich Kobe is kind
24:04
Speaker 1: of the intellectual behind the Defense department within the Pentagon.
24:09
Speaker 1: He is the number two in the defenseimal, really in
24:12
Speaker 1: charge of strategy and ideas. And Eldisch Kolby is a
24:16
Speaker 1: guy who wrote that he wrote a whole book which
24:20
Speaker 1: I read, called The Strategy of Denial, which was a
24:23
Speaker 1: book dedicated to the idea that the United States strategy
24:28
Speaker 1: should pivot. Its primary strategy in the world should pivot
24:31
Speaker 1: away from the Middle East and away from Russia, away
24:34
Speaker 1: from NATO, and should focus on denying china hegemony in Asia.
24:43
Speaker 1: That is, challenging China in Asia and providing Asian countries
24:49
Speaker 1: like South Korea, Japan, Vietnam, Philippines, Malaysia, Indonesia, India ultimately
24:57
Speaker 1: with an alternative to China in maintaining, if you will,
25:04
Speaker 1: America's strong position in the in Southeast Asia or in
25:09
Speaker 1: Eastern Asia generally. And you know he is, He's the
25:16
Speaker 1: guy who wrote the National Defense Strategy. But what is
25:24
Speaker 1: what is truly amazing about this document and about the
25:28
Speaker 1: actions of the United States over the last few months,
25:32
Speaker 1: is it's clear that Kobe Kobe has moved away from
25:38
Speaker 1: that strategy, has moved away from that. It is re
25:45
Speaker 1: examining the relationship between the United States, Australia and UK
25:51
Speaker 1: around submarines. It has dm it is put it mildly,
26:00
Speaker 1: not really UH treated Japan and South Korea and Vietnam
26:06
Speaker 1: the way you would expect to treat them if you
26:08
Speaker 1: were building out alliance to confront China. It seems like
26:13
Speaker 1: they don't really care about that. But in this new uh,
26:19
Speaker 1: this new document now codifies this. It makes it clear
26:26
Speaker 1: that in spite of the fact that Kobe rots the
26:31
Speaker 1: whole strategy of the United States, and this explains by
26:35
Speaker 1: the way you'll see this makes more sense what's going
26:38
Speaker 1: on in Venezuela. The entire shift of the Department is
26:43
Speaker 1: now moving away from Asia, Europe, Middle East and focusing
26:51
Speaker 1: prioritizing protecting the homeland and protecting the Western Hemisphere, i e.
26:56
Speaker 1: The America, South and North America. This is a huge
27:01
Speaker 1: reverssal from the focus on the threat from China for
27:07
Speaker 1: America generally and for Kolbe in particular. Kolbe was thought
27:11
Speaker 1: of as the raising strategic star. UH. So, you know,
27:31
Speaker 1: it explains why the US has treated its allies in
27:35
Speaker 1: the South Pacific, in the in the East Asia the
27:38
Speaker 1: way they have. It explains, you know, why Trump keeps
27:46
Speaker 1: sounding an appeasing tone with China, why Trump has approved
27:51
Speaker 1: chip sales to China, which the Bide administration had rejected,
27:56
Speaker 1: and and potentially it explains why we are seeing American
28:01
Speaker 1: warships in the South Korean and on the coast of Venezuela,
28:05
Speaker 1: and why we now have f thirty five's stationed in
28:08
Speaker 1: Puerto Rico facing South America. So you know, with the
28:15
Speaker 1: excuse of protecting US from drugs, the new national defense
28:20
Speaker 1: strategy is going to be focused on, I don't know,
28:25
Speaker 1: cleaning up Latin America, but really protecting the online, protecting
28:30
Speaker 1: online from room. Who's going to invade us exactly? Well,
28:33
Speaker 1: all there is is drugs. So this strategy, if it
28:39
Speaker 1: gets approved and if it goes through, would reverse the
28:42
Speaker 1: focus of the first Trumpet administration twenty eighteen National Defense Strategy,
28:47
Speaker 1: which clearly plays deterring China at the forefront of the
28:50
Speaker 1: Pentagon's efforts. And it seems that the American is gonna
29:04
Speaker 1: settle for being one of three major powers in the world,
29:09
Speaker 1: major nuclear powers in the world with their own domain. Basically,
29:14
Speaker 1: the US will leave Russia to the Europeans, leave China
29:19
Speaker 1: to the Asians, and it will take on the Americans.
29:25
Speaker 1: That is a big shift. That is a big shift.
29:31
Speaker 1: And again, Kobe is a real China hawk, so it's
29:41
Speaker 1: interesting that even he has shifted it. Maybe maybe the
29:44
Speaker 1: conclusion is we don't have the full report yet. Maybe
29:48
Speaker 1: the conclusion is it's too expensive to challenge challenge China.
29:53
Speaker 1: It's too late to challenge China, it's too distracting from
29:59
Speaker 1: everything else we have to challenge China. So I mean,
30:12
Speaker 1: this is clearly will constitute a pivot away from Europe.
30:15
Speaker 1: There's already there's already more than rumors. There's already solid stories,
30:23
Speaker 1: solid stories about hundreds of millions of dollars a year
30:29
Speaker 1: that have granted a lot of Lithuania and Estonia to
30:32
Speaker 1: build up the defense as of military structure. That funding
30:35
Speaker 1: is gone, that the Trumpe administration is going to pull
30:37
Speaker 1: that funding. Uh and uh, you know the US is
30:41
Speaker 1: going to move away from confunding Russia and now it
30:45
Speaker 1: seems like it's going to move away from confronting China. Yep.
30:55
Speaker 1: And uh, yeah, we'll go after Venezuela. So who knows
31:03
Speaker 1: it's Trump. So a strategy is meaningless until Trump decides
31:08
Speaker 1: what he wants to do, and Trump decides what he
31:10
Speaker 1: wants to do on a whim. So you know, it's
31:15
Speaker 1: impossible to really tell what if there is a strategy
31:18
Speaker 1: and what will be executed from that strategy. But you know,
31:23
Speaker 1: what you can expect is to continue to retreat of
31:26
Speaker 1: the United States from the world stage. And surprisingly, I
31:31
Speaker 1: think for those watching, particularly again given Kolby and giving
31:36
Speaker 1: jd Vance is very hawkish in China, and hegseeth a
31:40
Speaker 1: retreat from confronting China. All right, Yeah, if you want
31:50
Speaker 1: to ask me a question, if you want to make
31:51
Speaker 1: a comment, if you want to catch me at a contradiction,
31:54
Speaker 1: then super chat is the way to go. You can
31:56
Speaker 1: use two dollars, three dollars doesn't cost much, and you
32:01
Speaker 1: can ask me pretty much anything or challenge me on
32:04
Speaker 1: anything or anything like that. So that is the way
32:08
Speaker 1: to do it. The chat itself is not something I'm
32:12
Speaker 1: going to engage in.
32:17
Speaker 3: All right, let's seem.
32:31
Speaker 1: Supreme Court. So Supreme curd is so far taking the
32:35
Speaker 1: position that it will allow the Trumpet administration to pretty
32:40
Speaker 1: much do what it wants to do while all the
32:45
Speaker 1: lawsuits against it go through the courts, so they can
32:50
Speaker 1: deport people. They're not saying that's a final word, but
32:53
Speaker 1: they're saying while it's going through the courts, which could
32:56
Speaker 1: take months, years potentially, ministation can continue to do it.
33:02
Speaker 1: And they basically overturned over and over and over again,
33:07
Speaker 1: the lower courts halting or restrictions on the Trump administration
33:13
Speaker 1: continues their action while the court case is going through,
33:16
Speaker 1: and this happened again over the last few days. You know,
33:23
Speaker 1: Trump removed a member of the FTC, the Federal Trade Commission,
33:29
Speaker 1: that has been challenged in court whether the Trump has
33:31
Speaker 1: the authority to just remove somebody like that. This, of course,
33:35
Speaker 1: will resonate with the question of whether Trump has the
33:37
Speaker 1: authority to remove somebody from the from the FED, from
33:43
Speaker 1: the Federal Reserve Board. That is the big one that
33:47
Speaker 1: people are wondering about, and that's the one that Trump
33:49
Speaker 1: really wants to control. So that has been that is
33:53
Speaker 1: in the courts being litigated the court. The courts in
33:55
Speaker 1: the meantime said no, no, no, the Federal Trade Commissioner
34:01
Speaker 1: should stay on the Commission while this is going through
34:04
Speaker 1: the courts. This room court just overruled that and basically
34:08
Speaker 1: is letting Trump remove the member the Federal Trade Commission
34:12
Speaker 1: for now while the process happens in court. So it's
34:16
Speaker 1: letting it, it's being consistent, it's letting Trump pretty much
34:19
Speaker 1: do whatever he wants until the cases come to the
34:21
Speaker 1: Supreme Court and they will find out whether they agree
34:24
Speaker 1: with Trump or they don't agree with Trump. But we
34:28
Speaker 1: just don't know at this point. All they're doing is
34:30
Speaker 1: letting it ride. And the second case was this idea
34:36
Speaker 1: of ICE roaming around particularly Latino neighborhoods, stopping people who
34:42
Speaker 1: look Latino brown skin and asking them for IDs randomly
34:49
Speaker 1: and having a you know, a militarized presence in a
34:55
Speaker 1: variety of different neighborhoods and doing these these enforced stops
35:01
Speaker 1: in the LA area. Anyway, a court had basically had,
35:08
Speaker 1: you know, once a second, a distinct court had a
35:19
Speaker 1: temporary restraining order that prevented federal immigration authorities from stopping
35:23
Speaker 1: people in southern California without reasonable suspicion that they were
35:27
Speaker 1: in the US unlawfully, which is Ice was just using
35:31
Speaker 1: skin color as a proxy. That order barret officials from
35:35
Speaker 1: relying solely in certain factors like a person's race or
35:38
Speaker 1: occupation as the basis for a stop, for detentive stop,
35:43
Speaker 1: they're calling it. The Use Court of Appeals on the
35:46
Speaker 1: Nice Ninth Circuit rejected the Trumpet administration's request for a
35:52
Speaker 1: pause on the district's order, and then the Justice Bundle
35:57
Speaker 1: went and sought emergency relief from the Supreme Court, and
36:03
Speaker 1: basically the Supreme Court gave the Trump administration that relief
36:09
Speaker 1: so it's letting the Trumpe administration resume the sweeping immigration
36:12
Speaker 1: stops in Los Angeles again until this comes in front
36:18
Speaker 1: of the Pellate Court and then ultimately the Supreme Court.
36:22
Speaker 1: So we don't know what the sprem Court thinks about
36:27
Speaker 1: the legal ability of ICE to detain people and to
36:32
Speaker 1: ask for IDs and search them with no cause. We
36:35
Speaker 1: don't know if they view that as a violation of
36:38
Speaker 1: the Fourth Amendment or not the Bill of Rights, but
36:43
Speaker 1: we won't find out until it actually goes to the
36:45
Speaker 1: Supreme Court. All we know now is they can continue
36:49
Speaker 1: to do it. The Court will not stop them from
36:52
Speaker 1: doing it, which suggests it's not a slam dunk in
36:55
Speaker 1: favor of the litigants against the Trumpet administration. I'm not
36:59
Speaker 1: sure means Trump will win the case and the ultimately,
37:03
Speaker 1: but it certainly doesn't look good. Trump is now asking
37:10
Speaker 1: the Supreme Court to let him freeze billions in foreign
37:12
Speaker 1: aid funding which Congress has not approved, and you know,
37:17
Speaker 1: he keeps he keeps going to the court to ask
37:20
Speaker 1: for relief from what lower courts are restricting him from
37:25
Speaker 1: doing so. The lower courts.
37:29
Speaker 4: Overall, you know, ruling against Trump. The Supreme Court has
37:38
Speaker 4: yet to rule, but is overturning the freezers and the
37:43
Speaker 4: injunctions of the lower courts.
37:46
Speaker 1: That's where we are. We're left to wait and see
37:49
Speaker 1: what actually happens, what actually happens, all right, all right,
37:58
Speaker 1: quickly on a Gaza. So President Trump has proposed supposedly
38:04
Speaker 1: a comprehensive deal to Ramas or a kind of a ceasefire,
38:10
Speaker 1: really you know, a final you know deal or be crushed,
38:20
Speaker 1: you know, a deal to Ramas. The deal will involve
38:26
Speaker 1: feeing all the hostages, the release of many, many, many,
38:33
Speaker 1: you know, murdering Palestinian prisoners who've been sentenced to life,
38:39
Speaker 1: and at the end of the war, and ultimately the
38:42
Speaker 1: complete retreat of Israel from Gaza Strip. And the thing includes,
38:48
Speaker 1: i think, the imposition of the ability of the Palestinians
38:55
Speaker 1: to rule the Gadza Strip, maybe end of the Palestinian authority,
38:58
Speaker 1: something Israel had rejected from completely up until recently. Basically
39:04
Speaker 1: reports are that in Israeli official or the Feign secretary
39:07
Speaker 1: has basically green lighted this proposal. But really they've green
39:13
Speaker 1: lighted because they expect Tramas to reject it. But we
39:16
Speaker 1: will see. According to the offer, all forty eight living
39:19
Speaker 1: and dead will be freed, not on day one. Supposely
39:23
Speaker 1: all the living will be free day one, and the
39:27
Speaker 1: bodies will be released as Haramas finds them. It supposedly
39:30
Speaker 1: has to locate the bodies. Hundreds of Palestinian murderers and
39:34
Speaker 1: thousands of others will be released and will hold operations
39:41
Speaker 1: in the God's Strip, and negotiations to end the world
39:44
Speaker 1: will begin immediately under Trump's personal direction, and as long
39:50
Speaker 1: as the negotiations are ongoing at least sixty days. You
39:53
Speaker 1: hear conflicting stories because the actual offer has not been
39:59
Speaker 1: as the being released, Uh, there will be no fighting uh,
40:03
Speaker 1: and Ramas is being asked to trust Trump's would that
40:07
Speaker 1: the war will end, that there will be a deal
40:12
Speaker 1: because they're giving up all their cards by giving up
40:14
Speaker 1: the hostages and by giving up by giving up the bodies.
40:19
Speaker 1: You know, it's all right now, all the ports say,
40:23
Speaker 1: there are you know, significant disagreements within Ramas about whether
40:29
Speaker 1: to accept the deal or not. In the meantime, Israel
40:32
Speaker 1: has basically said, uh that if they don't, is going
40:36
Speaker 1: into Gaza City and and basically can occupy all of uh,
40:42
Speaker 1: you know, all of uh, all of Gaza and you know,
40:51
Speaker 1: israel Is is bombing Gaza on a daily basis and
40:55
Speaker 1: is basically you know, basically getting get all getting the
41:00
Speaker 1: troops ready for the big invasion, which would happen any
41:03
Speaker 1: day now. In the meantime, it looks like this is
41:06
Speaker 1: basically baking news that four soldiers for Israeli soldiers were whoops,
41:13
Speaker 1: what did that do? For Israeli soldiers were killed in
41:19
Speaker 1: a Hamasa attack on an Israeli camp near Gaza City.
41:24
Speaker 1: And uh, now you know, so they you know, the
41:30
Speaker 1: Haramasas is still fighting uh and and still has the ability,
41:34
Speaker 1: I guess to launch a surprise attack on on an
41:38
Speaker 1: Israeli IDF camp. Uh. Nitaneo is saying to the residents
41:46
Speaker 1: of Gaza City to evacuate, uh, to get out of there,
41:50
Speaker 1: and that the military is starting to starting to go
41:55
Speaker 1: into the Gaza stript if us is leveling gauds and buildings.
42:03
Speaker 1: By the way, as you see these high rises in
42:05
Speaker 1: Gaza drop, Uh, these are all getting warnings in advance.
42:09
Speaker 1: They're all empty buildings. They're all getting warnings in advance
42:13
Speaker 1: and being evacuated, and they are dropping all the high rises.
42:19
Speaker 1: The high risers serve both Hamas for intelligence purposes. They
42:23
Speaker 1: can see far, they have telescopes, they have cameras. They
42:26
Speaker 1: also put snipers there and anti tank weapons systems. So
42:31
Speaker 1: Israel is destroying them, but of course they're letting them
42:35
Speaker 1: know in advance. So no Hamas personnel are being harmed,
42:40
Speaker 1: don't worry, and and their equipment is not being harmed.
42:44
Speaker 1: But in spite of all that, genocide is still being
42:46
Speaker 1: committed in Gaza obviously. So yeah, it's going to be
42:52
Speaker 1: interesting in axt few days. What how Gaza, How the
42:56
Speaker 1: how Hamas response to this, what the NIXT steps are?
43:00
Speaker 1: And again, this is Trump's last warning. Trump is given
43:03
Speaker 1: many last warnings. I don't think anybody really takes his
43:08
Speaker 1: last warnings very seriously. And the idea is this is
43:13
Speaker 1: a final warning and all of that. Nobody takes that seriously.
43:16
Speaker 1: But I think what Ramasa does say seriously is the
43:19
Speaker 1: fact that Israel is getting ready to go into Gaza City,
43:22
Speaker 1: and I don't think they want that. Israel already controls
43:25
Speaker 1: seventy five percent of Gaza. If it takes Gaza City,
43:28
Speaker 1: it will control you know, eighty five ninety percent of Gaza,
43:34
Speaker 1: and it won't be that hard for them to take
43:35
Speaker 1: one hundred percent and then just hunt down whatever remnants
43:39
Speaker 1: they are of Haramas, wherever they happen to be. So
43:45
Speaker 1: I think, I think now it's just a matter of
43:48
Speaker 1: wait and see, see if Ramas responds, and see the
43:51
Speaker 1: extent to which Israel is actually serious about going into
43:56
Speaker 1: Gaza and finishing this job. I mean, Israel keeps saying
44:00
Speaker 1: this is it, We're gonna wipe from us out. You know,
44:02
Speaker 1: this is your last warning, your last chance. But as
44:05
Speaker 1: as been saying that since October eighth, twenty twenty three,
44:11
Speaker 1: it's almost two years ago. So I won't believe it
44:16
Speaker 1: until I see it. I won't believe it until Israel
44:19
Speaker 1: actually does it. And this deal that Trump is trying
44:23
Speaker 1: to cut, I don't think is a good deal. I
44:25
Speaker 1: don't think it's the right deal. But give it a chance,
44:29
Speaker 1: not that I have any choice. And at this point
44:33
Speaker 1: we'll we'll just sit see let's see, all right, So
44:48
Speaker 1: that is Gudz. In the meantime, in Jerusalem, you know,
44:55
Speaker 1: in a traffic jam, a Palestinian Palestinian, a couple of
45:00
Speaker 1: Palestinians got out and with semi automatic weapons, fired into
45:07
Speaker 1: a packed a packed bus. The two the two terrorists
45:15
Speaker 1: were taken down by two armed Israelis. That the bus
45:20
Speaker 1: was filled with hood, these ultra orthodoxy Jews with their
45:24
Speaker 1: black garb and everything, but two of them warmbed and
45:28
Speaker 1: they took down the two terrorists. But a number of people,
45:33
Speaker 1: a number of people were killed, many people were injured.
45:37
Speaker 1: They were just spaying around into a bus, into a
45:40
Speaker 1: civilian bus. I mean this is this is the problem
45:43
Speaker 1: with thinking that some kind of compromise, some kind of peace,
45:47
Speaker 1: can be achieved between Israel and the Palestinians, and that
45:52
Speaker 1: Hamas is the problem. Hamas is a manifestation of a
45:56
Speaker 1: wider problem, and the problem is the Palestinians. The problem
45:59
Speaker 1: is the Palestinian people. It's Palestinian people's values, what they want,
46:03
Speaker 1: what they desire. It's the fact that they're willing to
46:07
Speaker 1: commit suicide in order to kill Jews. It is the
46:10
Speaker 1: fact that they will not recognize the existence of the
46:13
Speaker 1: State of Israel. The fact is that they are not
46:16
Speaker 1: interested in the true state solution. They want to eradicate
46:19
Speaker 1: and wipe out the State of Issuel and that any
46:21
Speaker 1: compromise with them strengthens them. Any political settlement with them
46:26
Speaker 1: only makes them stronger, only makes them more aggressive. Handing
46:30
Speaker 1: the Gaza stript to the Palestinian authority will only embolden
46:34
Speaker 1: the Palestinians. It'll take them time because they're going to
46:39
Speaker 1: have to rebuild, but it's going to only embold in
46:43
Speaker 1: the Palestinians in the future. Now Trump has this plan,
46:46
Speaker 1: He's counting on his son in law, Jared Kushna, to
46:52
Speaker 1: put this plan together, which is the plan for the
46:54
Speaker 1: day after in Gaza, which is this massive investment plan
46:57
Speaker 1: to build skyscrapers and to build a or Las Vegas
47:02
Speaker 1: in Gaza. I still think this is a fantasy. Uh,
47:07
Speaker 1: this is they're all playing at real estate barons of
47:11
Speaker 1: the Middle East, and you know the I don't think
47:18
Speaker 1: I don't think it's doable. And I don't think this
47:20
Speaker 1: particular proposal that actually gives the more power to Palestinian authority,
47:24
Speaker 1: which is the authority in the West Bank, is going
47:28
Speaker 1: to is going to help or is going to set
47:30
Speaker 1: us on a path towards building up Gaza as some
47:33
Speaker 1: kind of amazing business and entertainment and vacation spot. Remember
47:41
Speaker 1: the people, the Palestinians now have become more and more Islamist.
47:46
Speaker 1: This isn't this isn't you know, secular Gaza. This is
47:51
Speaker 1: Islamist Gaza. Now it's true, Dubai in spite of the Islamism,
47:55
Speaker 1: Dubai isn't run by Jihadis. And it's not clear that the
47:58
Speaker 1: Palestinian authority is need better than Hamas in this regard.
48:02
Speaker 1: So yeah, I think it's all a fantasy, and I
48:05
Speaker 1: think the only thing will end us is there's well
48:07
Speaker 1: going in and flattening gods that should have flattened it.
48:10
Speaker 1: Doct to eighth with flattened Gaza city, destroy Ramas, kill them,
48:16
Speaker 1: you know, wherever they are, one at a time, in batches,
48:19
Speaker 1: however they want to do it. Destroy the infrastructure, destroy them,
48:23
Speaker 1: blow up every single tunnel, destroy every single piece of weapon.
48:28
Speaker 1: And then only after God says completely, thoroughly, unmistakably destroy,
48:35
Speaker 1: only then can you negotiate. By the way, me saying
48:42
Speaker 1: stuff like that is really hooting because I was supposed
48:45
Speaker 1: to be invited to a big event in Bologna and
48:48
Speaker 1: give a talk in Bologna at a big confidence and
48:53
Speaker 1: about capitalism and something like that, and the board, the
48:59
Speaker 1: leaders of the event cited not to invite me Bologna
49:03
Speaker 1: here in Italy, not to invite me because of my
49:06
Speaker 1: position in Israel. So my position in Israel is costing
49:09
Speaker 1: me events around the world. I've already been was disinvited
49:12
Speaker 1: to an event in no Way a few months ago,
49:19
Speaker 1: and now in Italy, and I'm sure this will be
49:22
Speaker 1: a trend all over the place. The Libertarians hate me
49:24
Speaker 1: because they're anti Israel, pro Palestinian pro Hamas, just see
49:28
Speaker 1: Dave Smith. And of course the left hates me, and
49:32
Speaker 1: I suspect the right hates me too. Anyway, I'm not
49:35
Speaker 1: liked by anybody. It's kind of I'm not liked. Maybe
49:40
Speaker 1: you guys like me. Let's see, let's see this how
49:42
Speaker 1: the super chat is doing. I'll know whether you like
49:44
Speaker 1: me or not. All right, we're doing what we're doing.
49:47
Speaker 1: Okay for the first hour. We're doing coy. We we
49:49
Speaker 1: got some money to raise for the second hour and
49:51
Speaker 1: the third hour, but we're doing okay for the first hour.
49:54
Speaker 1: All right. Finally, another French government has fallen. I mean,
49:58
Speaker 1: fans today is becoming the Italy of the past. There
50:04
Speaker 1: was a pureit in Italy where governments just fell every
50:07
Speaker 1: few weeks, a new government was formed and there were
50:10
Speaker 1: elections of a year and it was just complete chaos.
50:14
Speaker 1: For a couple of decades. I think here in Italy,
50:16
Speaker 1: I mean Italy right now, and it was a it
50:18
Speaker 1: was a complete disaster. Frans is becoming this way. This
50:25
Speaker 1: is the second goverment to fall just this year or
50:29
Speaker 1: in the last twelve months. Mcconnor is saying that he
50:33
Speaker 1: will appoint a new French Prime minister in the next
50:37
Speaker 1: few days, but there's absolutely no reason to believe this
50:41
Speaker 1: prime minister will last, or will be approved by parliaments,
50:45
Speaker 1: or will survive. One of the big problems is that
50:49
Speaker 1: the government was proposing a budget a budget, and the
51:01
Speaker 1: they can't agree on a budget because mcconni's trying to
51:07
Speaker 1: do the semi mildly responsible thing, which is to try
51:11
Speaker 1: to cut the deficit. There's massive amounts of debt that
51:15
Speaker 1: France has. Fans is becoming the sick man of Europe.
51:20
Speaker 1: It's becoming the problem child of Europe. It's becoming the
51:23
Speaker 1: place that has the biggest danger of financial crisis. And
51:36
Speaker 1: he has proposed an a sterity budget which for season
51:40
Speaker 1: almost forty four billion euros of cost savings to reduce
51:44
Speaker 1: for Fans as debt. Now, this is really good, but
51:52
Speaker 1: the proposal to cost save is not popular in the right,
52:00
Speaker 1: Mila Penz right is wants to spend more money, and
52:06
Speaker 1: it's not popular on the left. The socialist and the
52:09
Speaker 1: communists want to spend more money. You see, the right
52:11
Speaker 1: and on the left not that different after all, even
52:13
Speaker 1: when it comes or maybe primarion, when it comes to economics,
52:17
Speaker 1: pretty much everybody except mccallen's Party of the Center wants
52:20
Speaker 1: to spend more money. Everybody wants to be irresponsible, everybody
52:24
Speaker 1: wants to run France into a financial crisis. Well they're
52:28
Speaker 1: gonna get their chance, because I think the right is
52:29
Speaker 1: going to win very soon. Anyway. As a consequence of
52:36
Speaker 1: this proposed budget, three hundred and sixty four deputies in
52:40
Speaker 1: the National Assembly voted they had no confidence in the government,
52:44
Speaker 1: while one hundred and ninety four gave it their confidence,
52:48
Speaker 1: and as a consequence, the prime minister resigned. Now a
52:52
Speaker 1: new prime minister will do what exactly different, starts to
52:57
Speaker 1: cut spending. So it's not clear where France goes from here.
53:03
Speaker 1: Another election, another election produces what is that the election
53:09
Speaker 1: where the fall right breaks out? Is that the election
53:11
Speaker 1: where the fall left breaks out? Who is going to
53:14
Speaker 1: actually in the end of the day, govern France, and
53:18
Speaker 1: if it's the far left or the fault right, then
53:21
Speaker 1: France is finished economically. It's in dire strait right now,
53:28
Speaker 1: and it's going to be in much worshape if one
53:32
Speaker 1: of those political parties wins, because both political parties are
53:36
Speaker 1: committed to spending like there's no tomorrow. They might disagree
53:40
Speaker 1: about immigration, they might disagree about trans they might disagree
53:45
Speaker 1: about maybe I don't know about other you know, cultural things,
53:50
Speaker 1: but they all agree. We need to increase tensions, we
53:53
Speaker 1: need to redistribute more wealth, we need to increase the
53:55
Speaker 1: welfare state. We need to regulate business, we need to
53:58
Speaker 1: control business. The left and the right completely I give
54:02
Speaker 1: me away in the world these days completely agree on
54:04
Speaker 1: those issues. And that is a recipe for economic disaster.
54:08
Speaker 1: And with France on the big of a real potential
54:13
Speaker 1: financial crisis or economic crisis, I don't know where the
54:16
Speaker 1: rest of Europe goes. I mean, Germany is puttering alarm.
54:20
Speaker 1: Northern Europe is doing okay, Italy seems to be doing okay.
54:24
Speaker 1: Spain and Spain and Portugal, Italy, Greece all doing okay,
54:28
Speaker 1: but primarily because of tourism, which they hate. Tourism is
54:34
Speaker 1: driving the economies of Greece, Italy, Spain, Portugal. But what
54:40
Speaker 1: happens when, if and when tourism dries up or their
54:45
Speaker 1: hostility towards tourism causes tourists to stop coming, stop visiting.
54:50
Speaker 1: What happens then you know the world's in trouble. Because
54:57
Speaker 1: the US is in trouble. We've talked about that over
54:59
Speaker 1: and over and over and over again. Europe is in trouble.
55:04
Speaker 1: A's is in trouble because it's basically got shrinking populations,
55:08
Speaker 1: and countries like Japan don't seem to be going anywhere.
55:13
Speaker 1: South Korea growth is very low, China growth is low,
55:18
Speaker 1: I mean where in the world. And you know, we're
55:22
Speaker 1: all very hopeful. I am very hopeful about Argentina, but
55:27
Speaker 1: hard to tell where that is heading now with these
55:29
Speaker 1: elections again, we'll see in October where that is going.
55:33
Speaker 1: But the economs of the world are struggling. People still
55:39
Speaker 1: have money because lots of tourists, but all these economies
55:45
Speaker 1: that benefit and almost e from tourists hate the tourists.
55:49
Speaker 1: Can't win. Can't win. All right, thank you all the
55:57
Speaker 1: super chatters. This is great. We made our goal for
56:00
Speaker 1: the first hour we're kind of healthily on our way
56:04
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56:13
Speaker 1: but we've got an hour to get that, which is great.
56:17
Speaker 1: Wes just came in with a fifty dollars sticker that
56:19
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56:24
Speaker 1: thank you for the sticker. Roland, thank you. Let's see
56:28
Speaker 1: who else? Can? I thank you? Tom? All right? I
56:33
Speaker 1: think those are those are a stick of people, So
56:36
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57:00
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1:01:11
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1:01:17
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1:02:30
Speaker 1: let's get to let's talk about the super chats. We've
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Speaker 1: got a bunch of super chats. Let's go over them,
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Speaker 1: and of course hopefully more will come in as we talk.
1:02:42
Speaker 1: Let's see Remo, Remo, thank you Remo sixty euros. Really
1:02:46
Speaker 1: really really appreciate the support. Remo says, what are your
1:02:49
Speaker 1: thoughts on stock options backdating in general and on the
1:02:53
Speaker 1: case involving Steve Jobs. God, I mean, you're bringing back
1:02:56
Speaker 1: memories from a long, long time ago. I mean I
1:02:58
Speaker 1: haven't thought about stock options backdating really since the mid
1:03:03
Speaker 1: two thousands, right, so this twenty years. It's twenty years
1:03:06
Speaker 1: since these were big issues. It was the late nineteen nineties,
1:03:10
Speaker 1: early two thousands, the stock backdating. I mean, look, my
1:03:14
Speaker 1: main issue with stock backdating is that it be disclosed
1:03:18
Speaker 1: as long as shareholders know what managesn't being paid. I
1:03:25
Speaker 1: don't really see a problem. I don't think it's I
1:03:28
Speaker 1: don't think it's good practice. I think I don't think
1:03:31
Speaker 1: Bull should allow it. I don't think shareholders could be
1:03:33
Speaker 1: happy about it. So stock bock backdating is all stocks
1:03:38
Speaker 1: have a date. Right, Let's say they're issued and they
1:03:40
Speaker 1: have a certain strike price, and let's say in the meantime,
1:03:47
Speaker 1: maybe the stock goes down and then it goes up. Sorry,
1:03:53
Speaker 1: maybe the stock you know, is flat, it goes up
1:03:59
Speaker 1: a little bit. But then if you could backdate the
1:04:02
Speaker 1: issuance of the option, then the strike place would be
1:04:05
Speaker 1: a lot lower and the CEO would make a lot
1:04:09
Speaker 1: more money, or if it gets the backdated option, would
1:04:12
Speaker 1: make a lot of money. So it's like a after
1:04:14
Speaker 1: the fact adjusting the compensation. After the fact, adjusting the compensation.
1:04:22
Speaker 1: So you know, I don't think it's something boards should do.
1:04:27
Speaker 1: I don't think it's something shareholders should be happy about.
1:04:30
Speaker 1: I don't think it should be illegal. I think it
1:04:32
Speaker 1: should be up to boards and shareholders. I don't think
1:04:36
Speaker 1: the government has any business in it. It's it's how
1:04:39
Speaker 1: as long again, as long as it's disclosed. If it's
1:04:41
Speaker 1: not disclosed, if it's done in secret, then yeah, it
1:04:44
Speaker 1: could be fraud and the tax issues around it because
1:04:50
Speaker 1: of the way options happen to be taxed. And again
1:04:52
Speaker 1: I won't go into the technical details, and that's what
1:04:55
Speaker 1: the government really got upset about about and find some
1:04:59
Speaker 1: people and so on. If I memory jobs didn't really
1:05:02
Speaker 1: do anything bad and it was disclosed, it wasn't hidden,
1:05:09
Speaker 1: So I apologize. Remando. He puts sixty years in this
1:05:13
Speaker 1: and it's still only a vague memory for me because
1:05:16
Speaker 1: it was so long ago. But my general view is
1:05:19
Speaker 1: it's an issue of disclosure. It's an issue of competition.
1:05:22
Speaker 1: It's an issie of how board chooses to compensate their managers,
1:05:27
Speaker 1: and if they want to compensate them through backdating, so
1:05:30
Speaker 1: be it. I don't think shovel they should be happy
1:05:33
Speaker 1: about that, and they should vote against it, against the board,
1:05:37
Speaker 1: or against it, or sell they stock if they don't
1:05:39
Speaker 1: like it. That's how it should be expressed. It shouldn't
1:05:42
Speaker 1: be I don't think the government has any business in it.
1:05:46
Speaker 1: There's no issue faut here again, as long as there's disclosure,
1:05:55
Speaker 1: right James. Objectivism is such a relief. Ironmand was the
1:06:04
Speaker 1: first thinker gave me permission to look at reality when
1:06:08
Speaker 1: all my peers and professor shut that orientation towards thinking
1:06:11
Speaker 1: down immediately. Yeah, absolutely. I mean not only gives you
1:06:18
Speaker 1: permission to look at reality, she gives you permission to
1:06:22
Speaker 1: value your reason. She gives you permission to value yourself
1:06:25
Speaker 1: and to live for yourself, and to embrace you, to
1:06:31
Speaker 1: embrace your own values and celebrate their pursuits and their achievement.
1:06:39
Speaker 1: I mean, she gives you permission to value life and
1:06:45
Speaker 1: to celebrate life. And that is the great value here.
1:06:50
Speaker 1: That is I think Rand is the first philosopher to
1:06:57
Speaker 1: really say, your life is the most important value to you.
1:07:02
Speaker 1: Live it, make the most of it, really live it,
1:07:10
Speaker 1: don't sacrifice yourself, don't give up on life, don't give
1:07:14
Speaker 1: up on values. Whatever the context is, make the most
1:07:21
Speaker 1: of it, all right. Let's see, uh Ian Randall's not
1:07:47
Speaker 1: married to Nathaniel Brandon, So I just I'll just put
1:07:51
Speaker 1: that out there. I saw it in the chat and
1:07:52
Speaker 1: I'll put it out there. So yes, James, absolutely, let's
1:07:57
Speaker 1: see Andrew. This is actually from Friday, a leftover a
1:08:01
Speaker 1: question from Andrew. As a social observer, my estimate would
1:08:08
Speaker 1: be that the percentage of the population that is happy
1:08:11
Speaker 1: actually happy is less than ten percent. Does a small
1:08:14
Speaker 1: minority seem right to you? And why aren't more objectives happy? Well,
1:08:20
Speaker 1: I don't know how many objectives are happy. I think
1:08:22
Speaker 1: objectives generally are happy. The objectives I know, many of
1:08:26
Speaker 1: the objectives I know are happy, and certainly it's above
1:08:29
Speaker 1: the general rate in the population. I think one of
1:08:34
Speaker 1: the reasons objectives are not happy, or some objectives do
1:08:36
Speaker 1: not have is because of the challenges of living an
1:08:40
Speaker 1: objective's life in an irrational culture present to you and
1:08:44
Speaker 1: seeing the irrationality injustice that occurs in the world around
1:08:49
Speaker 1: us and not being able to not knowing how to
1:08:53
Speaker 1: handle it. I think a lot of people find it
1:08:55
Speaker 1: difficult to handle it. But I think about ten percent
1:08:58
Speaker 1: of the general population is right. But I think it's
1:09:01
Speaker 1: much higher for objectives, and that's a big part of
1:09:04
Speaker 1: the value of the philosophy. But yeah, it's a small percentage, Barbara,
1:09:10
Speaker 1: I read that the UCLA mathematician Terrence Tau is looking
1:09:13
Speaker 1: for funding for his department after Trump pulled federal funding.
1:09:17
Speaker 1: Is there any point in funding US universities when the
1:09:19
Speaker 1: federal government may take control. Well, I don't know that
1:09:23
Speaker 1: the federal government is going to take control over mathematics,
1:09:29
Speaker 1: over running the universities, particularly in the stam areas, So
1:09:35
Speaker 1: I wouldn't worry too much about it, about that aspect
1:09:38
Speaker 1: of it. I mean, you have to think about whether
1:09:40
Speaker 1: it's worth funding an American university given what they're teaching
1:09:44
Speaker 1: at these universities. And I don't know much about Terrence
1:09:48
Speaker 1: Tau and his research in mathematics and how good he is.
1:09:51
Speaker 1: I just don't know, but I would say, yeah, if
1:09:55
Speaker 1: he's good, if he's moving the field forward, if he's
1:09:58
Speaker 1: advancing knowledge in mathematics, then I wouldn't walry too much
1:10:01
Speaker 1: about who's taking over. Oh, what's exactly happening at UCLA?
1:10:07
Speaker 1: I mean, UCLA has already been taken over by the
1:10:09
Speaker 1: Left in dramatic form and is a state. Universities in
1:10:13
Speaker 1: many respects already beholden to the state government. I don't
1:10:19
Speaker 1: know the extent to which the federal government is equipped
1:10:22
Speaker 1: now to go manage a bunch of universities. We will see,
1:10:26
Speaker 1: but it's something worth considering. Supporting a good mathematician out there,
1:10:32
Speaker 1: you know, and showing that can be done without pride,
1:10:35
Speaker 1: without government money. I thought Tao was actually thinking of
1:10:40
Speaker 1: going to China and getting big offers from China to
1:10:44
Speaker 1: come and move his research over there, which makes a
1:10:47
Speaker 1: lot of sense. Andy Great Depression question Triumph of Economic
1:10:54
Speaker 1: Freedom blames the FED for failing to act as a
1:10:57
Speaker 1: land of last result in twenty nine. Didn't the JP
1:11:00
Speaker 1: Morgan type step in in twenty nine as in nineteen
1:11:04
Speaker 1: oh seven. Was this related to the creation of the FED? Yeah,
1:11:08
Speaker 1: I mean the whole point of the creation of the FED,
1:11:10
Speaker 1: and the whole excuse and reason was the unhappiness with
1:11:17
Speaker 1: the fact that JP Morgan did what he did in
1:11:18
Speaker 1: nineteen oh seven, and the fact that the private sector
1:11:21
Speaker 1: had that kind of power that they had in nineteen
1:11:25
Speaker 1: oh seven. So JP Morgan was seriously discoveraged from doing
1:11:28
Speaker 1: anything in twenty nine. The motivation was gone, and you
1:11:34
Speaker 1: know his wings were about to be clipped completely in
1:11:37
Speaker 1: the thirty three and thirty four. In the thirty four
1:11:40
Speaker 1: Securities Act, where you get a separational maybe thirty three
1:11:45
Speaker 1: separation of commercial and investment banking, the attitude towards bankers
1:11:50
Speaker 1: is very negative. And I don't know what the position
1:11:54
Speaker 1: was of JP Morgan in twenty nine and whether they
1:11:57
Speaker 1: were in a position at that point the actors lended
1:12:00
Speaker 1: last reisode, I don't know that. I don't know that
1:12:04
Speaker 1: I would blame the FED for failing tactors lend of
1:12:07
Speaker 1: last resort in twenty nine. I would blame the FED
1:12:10
Speaker 1: for having a monetary policy in thirty and thirty one
1:12:14
Speaker 1: and certainly the end of twenty nine there was way
1:12:17
Speaker 1: too constraint, was way too constrictive and basically shrunk the
1:12:23
Speaker 1: money supply significantly at a time when the money supply
1:12:29
Speaker 1: needed to be expanding, and made money disappear artificially form
1:12:35
Speaker 1: the US economy and that resulted in banks not issuing
1:12:39
Speaker 1: credit and therefore not making loans and calling back loans
1:12:45
Speaker 1: that they wouldn't have needed to. That forced companies to
1:12:48
Speaker 1: go bankrupt. I mean, it has caused a whole cascading effect.
1:12:51
Speaker 1: And the fundamental was that the FED. You don't basically
1:12:56
Speaker 1: constrain the money supply in a significant way during the
1:13:02
Speaker 1: latter part of twenty nine thirty thirty one. Instead, it'd
1:13:06
Speaker 1: be too loose with money in the twenties leading up
1:13:10
Speaker 1: to twenty nine, and being way too constrained with money
1:13:16
Speaker 1: after the after the financial crash. And maybe that is
1:13:19
Speaker 1: what he means by land of last result. But no,
1:13:24
Speaker 1: this was the job of the FED. The FED had
1:13:26
Speaker 1: basically crowded out private initiative. Private initiative was gone. Couldn't
1:13:31
Speaker 1: have couldn't have done anything, Michael says. I'm speaking of
1:13:39
Speaker 1: many Floridians, and they seem pretty gung ho about the
1:13:41
Speaker 1: vote coming up to abolished property taxes. It chiefs. Property
1:13:44
Speaker 1: values in Florida have skyrocketed, as people from the northeast
1:13:49
Speaker 1: by properties there well I mean, but well recently, property
1:13:53
Speaker 1: values in Florida, as I understand it, a flat and
1:13:56
Speaker 1: now actually decreased. Indeed, condo prices in southern Florida have
1:14:00
Speaker 1: come down significantly. That is, condo prices are actually on
1:14:03
Speaker 1: the decline in at least in southern Florida. But yeah,
1:14:08
Speaker 1: I'm sure everybody's excited about getting rid of property taxes.
1:14:11
Speaker 1: It's fantastic that would be any place where you offered
1:14:16
Speaker 1: people the opportunity to get rid of property taxes and
1:14:19
Speaker 1: you had a solution to making up, you know, to
1:14:25
Speaker 1: not driving the state into fiscal deficit into accumulation of
1:14:30
Speaker 1: debt should be celebrated. And this is great that Flawda
1:14:33
Speaker 1: is going to get rid of the property tax. I
1:14:36
Speaker 1: hope it doesn't lead to big deficits and debt. We'll see.
1:14:41
Speaker 1: But getting rid of eight tax whole completely, from beginning
1:14:47
Speaker 1: to end, completely uprooting it is a great step towards freedom.
1:14:51
Speaker 1: And therefore you have to support getting rid of property
1:14:54
Speaker 1: taxes and FLADA maybe more people will start moving there,
1:14:57
Speaker 1: driving up prices even further. What do you think of
1:15:05
Speaker 1: the this is not aham. What do you think of the arrests?
1:15:08
Speaker 1: I think of all the arrests in the UK for
1:15:10
Speaker 1: bad tweets? Are there any tweets that the authority should
1:15:13
Speaker 1: arrest people for. I mean, what's going on in the
1:15:17
Speaker 1: UK is just horrific. It's not only in the UK,
1:15:19
Speaker 1: it's just going on in Germany in other parts of Europe.
1:15:23
Speaker 1: I'm arresting people or harassing people, or indicting people over speech,
1:15:30
Speaker 1: over insulting speech. But speech. The only kind of tweet,
1:15:37
Speaker 1: the only kind of speech that you should be arrested for,
1:15:41
Speaker 1: is speech or tweet which is the same thing which
1:15:46
Speaker 1: is explicitly threatening I want to kill you, or I'm
1:15:52
Speaker 1: going to kill you, or I'm coming after you, or
1:15:55
Speaker 1: I'm going to beat the shit out of you. That
1:15:57
Speaker 1: is not allowed. That kind of speech you should arrest
1:16:02
Speaker 1: people for. But anything short of an explicit threat. I
1:16:11
Speaker 1: think Islam is a horrible religion. I think muslim should
1:16:15
Speaker 1: be deported from England. That is not an explicit threat.
1:16:21
Speaker 1: That is not you threatening somebody with violence. It's maybe
1:16:25
Speaker 1: encouraging the government inflict violence, but that is not you exciting.
1:16:31
Speaker 1: I mean, another thing that you could be arrested for
1:16:33
Speaker 1: is hey, gang, let's go, you know, go kill him. Hey,
1:16:38
Speaker 1: all you white folks kill a Muslim today. That would
1:16:42
Speaker 1: be inciting to violence, that you could be arrested for,
1:16:45
Speaker 1: but saying Islam is an evil religion, the government should
1:16:49
Speaker 1: deport them. That is not an excitement for violence, and
1:16:54
Speaker 1: there for that is permissible. So the only thing that
1:16:58
Speaker 1: is the only speech that you can arrest people for
1:17:05
Speaker 1: is either a direct threat or incitement. And ninety nine
1:17:12
Speaker 1: point nine percent of the tweets that people are being
1:17:14
Speaker 1: harassed by the government for a neither neither of those things.
1:17:22
Speaker 1: So it is a massive injustice. You know, the UK,
1:17:27
Speaker 1: which is a you know to the Enlightenment, the land
1:17:32
Speaker 1: of the Enlightenment, the place where free speech was supported
1:17:37
Speaker 1: and endorsed from John Locke all the way, all the
1:17:40
Speaker 1: way to the Scottish Enlightenment in to mill in the
1:17:44
Speaker 1: twenty in the nineteenth century. This is the land in
1:17:48
Speaker 1: which they are going after free speech. The way they
1:17:51
Speaker 1: are is just horrific. It's a tragedy, it's a travesty.
1:17:56
Speaker 1: This government should be kicked out the problem as the
1:17:58
Speaker 1: conservative started it. And in Germany it's the right and
1:18:02
Speaker 1: the left that there promoting this. The common Government, which
1:18:06
Speaker 1: is the right of center government, is going after anybody
1:18:08
Speaker 1: criticizing politicians, which is absolutely ridiculous, absolutely ridiculous. All right,
1:18:19
Speaker 1: thanks notting him. Okay, Dan says, you want you and
1:18:25
Speaker 1: I believe. I believe you recommended a Mike Ryan on
1:18:29
Speaker 1: Twitter the other day. What's his handle? I couldn't find
1:18:32
Speaker 1: which Mike Ryan you were film from. Let me see
1:18:35
Speaker 1: if I can find him, and I'll let you know. Hmmm,
1:18:40
Speaker 1: a lot of Mike Ryan's. I see your point. Uh,
1:18:46
Speaker 1: I think it's this one. Let me just see. Nope,
1:18:50
Speaker 1: not that one, right, it's not that's there. I don't
1:18:58
Speaker 1: believe it's this y. Yeah, that's weird. I thought I
1:19:04
Speaker 1: followed him, and I thought they would they would put
1:19:07
Speaker 1: the one that I follow right on top. But that's
1:19:12
Speaker 1: not the way it's working. All right. I will find
1:19:19
Speaker 1: him and let it let you guys know, because I
1:19:22
Speaker 1: can't see it right now, but but I he pops
1:19:31
Speaker 1: up on my feet all the time. Uh and uh
1:19:34
Speaker 1: so we will we will find it. I will find it.
1:19:40
Speaker 1: Let's see. Huh. Uh No, that's not a lot of
1:19:56
Speaker 1: my crimes. Leave this Mike and Michael. Yeah, and you
1:20:06
Speaker 1: can you know you can't really find it, but just
1:20:09
Speaker 1: uh you can't search the description weird. All right, I'll
1:20:23
Speaker 1: find if I'll get I'll get back to you. Sorry
1:20:25
Speaker 1: about that, Catherine, What do you think of the consequences
1:20:31
Speaker 1: of the US cutting funds to support the military in
1:20:35
Speaker 1: the Baltics, Ah, it's a Russian attack more likely. Do
1:20:39
Speaker 1: you think it is a plan that the EU is
1:20:43
Speaker 1: investing more in its military? What is cut next? Well,
1:20:47
Speaker 1: I think you can expect the US to start cutting
1:20:50
Speaker 1: its troops in Europe. I think you can expect cut
1:20:54
Speaker 1: cut bases in Europe, more troops back home. I think
1:20:59
Speaker 1: that they will cut again the number of planes, number
1:21:02
Speaker 1: of tanks that the United States has in Europe. And
1:21:05
Speaker 1: the question will be will the Europeans fill the gap?
1:21:09
Speaker 1: That is, will the Europeans deploy enough resources to fill
1:21:12
Speaker 1: in and to make up the difference in the United
1:21:15
Speaker 1: States entering the European theater? And I don't know. I mean,
1:21:21
Speaker 1: they say they will, But if the French economy is
1:21:24
Speaker 1: going into the tank, Germany is going to try to
1:21:27
Speaker 1: raise a lot of debt in order to fund military expansion.
1:21:30
Speaker 1: But will the market let it. People convinced that Germany
1:21:34
Speaker 1: can pay the debt back upans have enough money to
1:21:38
Speaker 1: replace the United States's presence in Europe and to build
1:21:42
Speaker 1: up I mean, the UK is an economic basket case.
1:21:45
Speaker 1: And it wants to invest a huge amount of money
1:21:47
Speaker 1: in its military. Can it? Can it? So it's it
1:22:02
Speaker 1: really is a It's hard to tell, but look, weakness
1:22:09
Speaker 1: breeds violence, and the United States withdrawing cutting funds to
1:22:14
Speaker 1: the Baltics is basically a signal to Russia that it
1:22:19
Speaker 1: has more of a free hand there, and it's a
1:22:22
Speaker 1: signal to Russia to go for it. So I think
1:22:26
Speaker 1: Russia will take it as a positive sign, as a
1:22:29
Speaker 1: sign of weakness, as a sign in America will not
1:22:32
Speaker 1: come to the Baltic support and therefore much more likely
1:22:36
Speaker 1: to see a war with NATO, much more likely to
1:22:39
Speaker 1: see I mean, I mean, if you've ever seen a map,
1:22:43
Speaker 1: the Baltics are tiny. Russia should be able to take
1:22:46
Speaker 1: Lithuania in a day now, I mean, I'm sure Lithuania
1:22:51
Speaker 1: has a lot of defenses, so maybe longer than dave,
1:22:55
Speaker 1: a lot of casualties, a lot of destruction, and Russia
1:22:59
Speaker 1: could probably just by Shia momentum, just overrun all three
1:23:05
Speaker 1: Baltic states. And then what is Polande invade Russia? Is
1:23:10
Speaker 1: Poland going to come to the defense. Is NATO? Poland's
1:23:14
Speaker 1: not willing to put troops in Ukraine? Would Poland be
1:23:17
Speaker 1: willing to put troops in the Baltics if the Americans
1:23:19
Speaker 1: are not. It just puts it all up in the air.
1:23:23
Speaker 1: And yes, I think it dramatically increases the chances that
1:23:27
Speaker 1: Russia will launch an attack on the Baltics and maybe
1:23:31
Speaker 1: on the rest of Europe. All right, guys, what are
1:23:37
Speaker 1: we we? Uh, seventeen nine dollars short of our second
1:23:40
Speaker 1: hour goal. We got about one hundred a hundred. We've
1:23:43
Speaker 1: got about one hundred. We got half an hour to
1:23:45
Speaker 1: raise that money, so we can do it. We just
1:23:46
Speaker 1: got twenty dollars so that chipped in, so we're only
1:23:50
Speaker 1: fifty nine dollars away from the goals the police consider
1:23:54
Speaker 1: supporting us. I'm not giving any kind of a number
1:23:58
Speaker 1: of supertatso or sticker goals because I don't think that
1:24:03
Speaker 1: I don't think it's working. So I need to I
1:24:05
Speaker 1: need to complain to YouTube and get get straight on that.
1:24:10
Speaker 1: But okay, I'm gonna do this. I'm gonna put uh,
1:24:17
Speaker 1: You're gonna put nubblish on time out. I mean enough, right,
1:24:28
Speaker 1: I mean the same question every time, all the time.
1:24:31
Speaker 1: It's boring and it's silly, and you're not gonna get
1:24:34
Speaker 1: different answers. So if you're interested in coming to the
1:24:37
Speaker 1: chat to actually engage with people on anything of substance,
1:24:42
Speaker 1: then fine, as long as you don't overwhelm the chat.
1:24:45
Speaker 1: But if you're just gonna come here and ask the
1:24:47
Speaker 1: same stupid question over and over and over again and
1:24:51
Speaker 1: not participate in the super chat or the stickers at all,
1:24:55
Speaker 1: then what's the point. You're just you're just basically trolling
1:24:59
Speaker 1: and her and there's no value to it, all right, Paul.
1:25:07
Speaker 1: Paul says, you mentioned Japan, not your area, just clears
1:25:12
Speaker 1: what you think housing market there a piece to be cheap. Cheap, Yes,
1:25:16
Speaker 1: quite cheap. I was thinking about buying a property there
1:25:19
Speaker 1: and creating an Airbnb and Kyoto. What do you think
1:25:22
Speaker 1: of Japan for expats? I think Japan is a great
1:25:24
Speaker 1: place for expats. You know, it's surprising that it's cheap,
1:25:28
Speaker 1: partially because the dollar is still very strong relative to
1:25:31
Speaker 1: the end, but also because Japan doesn't have the zoning
1:25:35
Speaker 1: that we have in the US, so Japan matches supply
1:25:39
Speaker 1: to demand and so it's much easier to build in Japan.
1:25:42
Speaker 1: It's much easier to build different types of property. You
1:25:46
Speaker 1: don't have the same kind of downtown and suburbs as
1:25:50
Speaker 1: you're doing in the US, where the zoning is such
1:25:53
Speaker 1: that you can only build high rises in one place.
1:25:56
Speaker 1: You know, Houston is an aberration because Houston doesn't have zoning.
1:26:00
Speaker 1: Houston has a series of kind of downtown of high
1:26:03
Speaker 1: rise areas. And because it's not there's no zoning or
1:26:07
Speaker 1: very little restrictions. And Houston housing is very cheap. It's
1:26:13
Speaker 1: very affordable because you can build, there's no limitations in building.
1:26:17
Speaker 1: So as demand goes up, supply goes up. And Houston
1:26:19
Speaker 1: is the fastest going city in America or something like that.
1:26:23
Speaker 1: So yeah, So I think Japan is a friendly culture.
1:26:33
Speaker 1: It's it's difficult because they don't speak a lot of English.
1:26:36
Speaker 1: So that's the one difficulty expats have. So I encourage you,
1:26:40
Speaker 1: if you're going to be an expat, to study Japanese.
1:26:43
Speaker 1: I don't know the economics of airbnb, so I'm curious
1:26:46
Speaker 1: about the economics of airbnb. If anybody knows the economics
1:26:49
Speaker 1: of ITBB send me a note. But I'm interested in that.
1:26:53
Speaker 1: So I can't recommend or not recommend getting into ab
1:26:56
Speaker 1: and B and Kyoto. Kyoto is a great city. It's
1:26:58
Speaker 1: a beautiful city and very touristy cities. You'd expect there
1:27:03
Speaker 1: to be demand for something like that. In Kyoto the
1:27:07
Speaker 1: best I can do. But yeah, real estate in Japan,
1:27:11
Speaker 1: don't expect it to go up in value. Japan has
1:27:16
Speaker 1: a much more rational real estate market than the United
1:27:20
Speaker 1: States in the sense that you can build. How about
1:27:24
Speaker 1: that You can build in lots of places around the world,
1:27:27
Speaker 1: except in the Land of the Free and the Home
1:27:29
Speaker 1: of the brave, where you can't build. Yep, not in
1:27:32
Speaker 1: my backyard. Maybe somebody else's not in mine. All right, Remo,
1:27:42
Speaker 1: I just returned for my holiday in Greece. The food
1:27:44
Speaker 1: was incredible. What's your favorite Greek food? Oh, I don't know, Musaka,
1:27:48
Speaker 1: I'm not sure I like Greek food. I don't know.
1:27:52
Speaker 1: I can't say what my favorite Greek food would be.
1:27:56
Speaker 1: I'd have to have a list at a restaurant. And
1:28:00
Speaker 1: also depends on the restaurant, because some restaurants make some
1:28:02
Speaker 1: stuff really good. But yeah, Greece, it's hard to go wrong.
1:28:06
Speaker 1: The food is good, Remo. Can you already tell us
1:28:11
Speaker 1: where and when you'll be speaking Europe during October two? Yeah?
1:28:15
Speaker 1: I mean this is tentative, but I'll be in Israel
1:28:19
Speaker 1: probably October twenty eight, twenty nine. I'll be giving a
1:28:22
Speaker 1: talk in the Tel Aviv area, Hurtulia area to be
1:28:24
Speaker 1: more accurate, in Israel twenty eight twenty ninth of October.
1:28:30
Speaker 1: On the thirtieth of October, I'll be speaking Crackou. I
1:28:33
Speaker 1: mean this is all tentative, but in crackout Poland. So
1:28:37
Speaker 1: if you're in crack up Poland the thirtieth of October.
1:28:42
Speaker 1: First of November I will be again, probably in Prague
1:28:50
Speaker 1: at the Free Cities conference. Should be interesting. On the
1:28:54
Speaker 1: second of November, I will be in Oslo at some
1:28:58
Speaker 1: student event. I don't no, I don't have the details
1:29:01
Speaker 1: about it. Hopefully we'll get them in the next few days.
1:29:04
Speaker 1: But I'll be speaking in the second of November in Oslo, Norway.
1:29:10
Speaker 1: Fourth of November, which is a Monday, that's a Saturday,
1:29:14
Speaker 1: so Saturday in Oslo. Nothing Sunday. Monday, I'll be in Vienna.
1:29:22
Speaker 1: I'll be speaking at the Higher Institute in Vienna. Open
1:29:25
Speaker 1: to the public. So Vienna, so if you live anywhere
1:29:28
Speaker 1: near Vienna, come over. And then on the uh was
1:29:34
Speaker 1: it fifth of November, I'll be in Porto Lisbon, which
1:29:39
Speaker 1: is also yeah, I don't. I don't know if I'm
1:29:42
Speaker 1: allowed to say anyway, in Porto, Lisbon, in Porto, Portugal,
1:29:45
Speaker 1: port Portugal, and then on the fifth, on the sixth
1:29:50
Speaker 1: and the seventh of no wait Listen. So on the
1:29:53
Speaker 1: third I'll be yes. On the third, I'll be in Vienna.
1:29:56
Speaker 1: On the fourth, I'll be in Porto. On the fifth
1:29:58
Speaker 1: and sixth, I'll be in Lisbon giving talks. Got a
1:30:03
Speaker 1: very active group of objectivists in Portugal right now doing
1:30:07
Speaker 1: a lot of stuff and want to capitalize on that.
1:30:09
Speaker 1: So we're trying to use it, and I'm going to
1:30:11
Speaker 1: do some pretty high profile events in Portugal with some
1:30:15
Speaker 1: pretty big intellectuals who appear on television regularly in Portugal, academics,
1:30:23
Speaker 1: a very wealthy businessman who is very successful podcast. So
1:30:27
Speaker 1: these are going to be really high profile events while
1:30:31
Speaker 1: I'm in Portugal, so I'm really looking forward to those.
1:30:33
Speaker 1: So those are the events for Europe right now. Nothing.
1:30:37
Speaker 1: Unfortunately in the UK this trip. I thought I was
1:30:42
Speaker 1: going to spend a few days in the UK. It
1:30:44
Speaker 1: turns out I can't. I have to go to Israel instead,
1:30:49
Speaker 1: And you know, yeah, we'll see, we'll see where where
1:30:57
Speaker 1: I will go early next year. Probably come to the
1:31:00
Speaker 1: UK in the new year, but this strip new UK.
1:31:06
Speaker 1: And by the way, if you have a venue, if
1:31:09
Speaker 1: you have an audience, if you have a location, if
1:31:11
Speaker 1: you have a country, if you have a city, if
1:31:13
Speaker 1: you have a group in a university, if you have
1:31:15
Speaker 1: a business group. Something in Europe, where you can organize
1:31:19
Speaker 1: something with at least fifty people or twenty people, but
1:31:22
Speaker 1: really high level people, then let me know. I can come.
1:31:26
Speaker 1: We can arrange funding, funding can be organized. Suggest what
1:31:32
Speaker 1: I need is the people that contact the organization to
1:31:37
Speaker 1: make it happen. So any place in Europe or in
1:31:41
Speaker 1: the US. I don't know why I said. You're anywhere
1:31:43
Speaker 1: in the US, anywhere in Europe, anywhere in Canada, anywhere
1:31:47
Speaker 1: in South America if you want to, if you can
1:31:51
Speaker 1: organize an event, if you can organize an event, or
1:31:54
Speaker 1: if you know people who would be interested in organizing
1:31:56
Speaker 1: an event, for me to come and speak, let me know.
1:31:59
Speaker 1: There's a budget that and we can make stuff happen. Thanks,
1:32:05
Speaker 1: you will all right? Not to have you algorithmm If
1:32:09
Speaker 1: me late wins re election in a landslide, will it
1:32:12
Speaker 1: be a signal to other world leaders to at at
1:32:15
Speaker 1: very least be less afraid of moving in a substantial
1:32:17
Speaker 1: free market direction. I mean, first day, it's the winning
1:32:22
Speaker 1: of the landslide, which again this election suggests he won't,
1:32:26
Speaker 1: But if he does, I don't think it. I mean,
1:32:29
Speaker 1: I don't think there's any leader in the world right
1:32:32
Speaker 1: now afraid to move in a substantial free market direction.
1:32:35
Speaker 1: I don't think there's any leader in the world right
1:32:37
Speaker 1: now that once to move there, to once to move there.
1:32:46
Speaker 1: But they are so the very least. So the problem
1:33:00
Speaker 1: is not that they're afraid to do it. The problem
1:33:02
Speaker 1: is they don't believe in it. They don't want to
1:33:03
Speaker 1: do it, they have no intention to do hop a Campbell,
1:33:10
Speaker 1: if AOI did a documentary and objectivism, could they pay
1:33:13
Speaker 1: a platform like Mike, Dave Rumen or someone with the
1:33:17
Speaker 1: sizeable audience to release it on their channel. I don't know.
1:33:21
Speaker 1: I mean, let's speculate on now. I'm not sure I
1:33:23
Speaker 1: want it to be on Dave Ruben's channel given the
1:33:26
Speaker 1: direction that channel is taken. So you know, we could
1:33:31
Speaker 1: we could figure out, we could figure out where to
1:33:34
Speaker 1: release it and how to do it, and how to
1:33:36
Speaker 1: get the most bang for the buck. But that's a
1:33:38
Speaker 1: separate question first, it has to be created, all right.
1:33:43
Speaker 1: If you want to ask me a question, as I
1:33:45
Speaker 1: know Nate does, Superchat is available for two dollars one dollar,
1:33:50
Speaker 1: for buck ninety nine, or for five or ten or
1:33:52
Speaker 1: fifty or one hundred. You can ask that question right in
1:33:55
Speaker 1: the Superchat. Other people are doing it that way. So
1:33:58
Speaker 1: if you if you really I want to ask a question,
1:34:02
Speaker 1: it's not that you don't have the money, because you
1:34:05
Speaker 1: know two bucks. Everybody has two bucks, right, Liam says,
1:34:14
Speaker 1: were your Q and A with Harry and Peter Schwartz
1:34:16
Speaker 1: at the oh at the Florida conference, which I should
1:34:20
Speaker 1: have told you about. Right, Hey, there's a Florida conference
1:34:24
Speaker 1: and it is. Let me get you the info. It's
1:34:29
Speaker 1: happening in the last weekend of January, the weekend that
1:34:33
Speaker 1: includes February second, which of course design Man's birthday, and
1:34:37
Speaker 1: it is Ram's day. Objective's Conference, which was held for
1:34:42
Speaker 1: the first time last year, and we'll be held again
1:34:45
Speaker 1: first time this year early this year in January, and
1:34:48
Speaker 1: we'll be held again next year in January thirtieth to
1:34:51
Speaker 1: February second, twenty twenty six. It'll be in Fort Mayas, Florida,
1:34:55
Speaker 1: and I'll be speaking in Have You Been Swinging? And
1:34:58
Speaker 1: Peter Schwartz and Ellen Kenna's on a Melbourne gemroney Don Watkins.
1:35:02
Speaker 1: I'll be there, uh and I'll be doing a panel
1:35:06
Speaker 1: with Harry and Peter on life in a LA society.
1:35:11
Speaker 1: But you should all come. It's gonna be a lot
1:35:13
Speaker 1: of fun. It's gonna be it's mostly it's fun to
1:35:16
Speaker 1: be there in person and too, and to hang out
1:35:18
Speaker 1: and to chat and to hang out with other objectivists,
1:35:22
Speaker 1: and it's it's it's great weather. It's a good time
1:35:25
Speaker 1: to leave the cold of the east coast of the
1:35:28
Speaker 1: of the East or west coast of mid you know,
1:35:31
Speaker 1: the middle of the country, even Europe, and come on
1:35:34
Speaker 1: over to Florida and enjoy the warmth in the great weather.
1:35:39
Speaker 1: So you can visit the website rans day Con rans
1:35:44
Speaker 1: day Con, dot the th H E b v H
1:35:48
Speaker 1: one would dot com ranscon one would dot THEBVH dot com.
1:35:54
Speaker 1: And on October fifteenth, the price goes up. It's only
1:35:59
Speaker 1: three hundred and seventy seven dollars, which is a bargain, right,
1:36:03
Speaker 1: it's unbelievable good price for what you're getting. And the
1:36:06
Speaker 1: price goes up to four hundred and thirty seven on
1:36:09
Speaker 1: October fifteenth. So sign up now. Sign up now on
1:36:12
Speaker 1: the at the website I just told you about. Will
1:36:16
Speaker 1: it be recorded and uploaded? I don't know. I'm not
1:36:18
Speaker 1: in charge. I think the talks last year will recorded
1:36:22
Speaker 1: and uploaded at some point, but I don't know. I
1:36:24
Speaker 1: think the organizer of the conference will prefer me to
1:36:27
Speaker 1: tell you, Liam, come to the conference. Don't rely on
1:36:31
Speaker 1: the YouTube video. It might be, it might not be,
1:36:34
Speaker 1: but come to the conference, Michael. In Germany, there wasn't
1:36:42
Speaker 1: any pro enlightenment opposition to Hitler. But in America today
1:36:46
Speaker 1: there doesn't appear to be any respectable or decent side
1:36:48
Speaker 1: pro enlightenment opposition to Trump's barbarism. Well, I don't think
1:36:52
Speaker 1: that's right. I mean, there is a the I think
1:36:55
Speaker 1: that call it the center. I don't know what you
1:36:57
Speaker 1: want to call it today in American politics. It's very
1:36:59
Speaker 1: hard to define anything in American politics today, but there's
1:37:03
Speaker 1: a center left, center right in America that's quite opposed
1:37:06
Speaker 1: to Trump. It doesn't have, I think, master representation, but
1:37:10
Speaker 1: the intellectuals are there. You saw with the numbers that
1:37:13
Speaker 1: gave earlier today that Trump's immigration policies are not popular.
1:37:18
Speaker 1: There's a lot of oppositions, mainstream opposition to them among
1:37:21
Speaker 1: the American public, and I think there is opposition to him,
1:37:24
Speaker 1: and of course there is, you know, a significant there's
1:37:31
Speaker 1: a there's an objective's movement, there's an abundance movement, there's
1:37:35
Speaker 1: a pro growth movement. There's all kinds of movements that
1:37:38
Speaker 1: are opposed to Trump's policies, various from various in various regards.
1:37:43
Speaker 1: And of course the left is very opposed as policies
1:37:46
Speaker 1: regarding abortion and other things. So I don't think it's
1:37:48
Speaker 1: quite as bleak as it was in Germany when everything
1:37:52
Speaker 1: was dominated really by the Communists and the Nazis once
1:37:56
Speaker 1: you entered the nineteen thirties, Leam, Does paying high taxes
1:38:05
Speaker 1: and sustaining a office state really make rich people feel
1:38:08
Speaker 1: good about themselves? No, but I think it reduces the
1:38:13
Speaker 1: amount of guilt that they have, so it doesn't make
1:38:16
Speaker 1: them feel good about themselves. To feel good about yourself,
1:38:19
Speaker 1: you have to actually have a positive value. But it
1:38:21
Speaker 1: makes them feel less guilty, or at least they try
1:38:24
Speaker 1: to convince themselves that it should make them feel less
1:38:28
Speaker 1: guilty because they convince themselves that they should feel guilty
1:38:33
Speaker 1: for all the poverty in the world and all the
1:38:35
Speaker 1: problems in the world, and they're not paying enough taxes.
1:38:38
Speaker 1: So it's an alleviation of a negative, not the promotion
1:38:42
Speaker 1: of a positive. Whoops, what did I just do? Michael,
1:38:49
Speaker 1: doesn't look like mum donny will lose in New York City.
1:38:52
Speaker 1: Trump gives Adams a job in his administration, he drops
1:38:55
Speaker 1: out the race. It's Como vosus mcdanni. Where Como's way
1:38:58
Speaker 1: ahead in the polls. I haven't seen the polls. I
1:39:01
Speaker 1: don't know if that is the case. Adams has now
1:39:04
Speaker 1: said he will not take a position in the Trump
1:39:06
Speaker 1: administration and is in the race and is not gonna leave,
1:39:11
Speaker 1: so that's not clear that it's going to happen. But
1:39:15
Speaker 1: I think if it was just one on one between
1:39:17
Speaker 1: Mumdani and Komo Mamdani and Adams, Mumdanni would lose. But
1:39:23
Speaker 1: I'm not sure it's going to be a one on one,
1:39:25
Speaker 1: so I don't know. I have no insight into the
1:39:27
Speaker 1: New York race. I don't think mc donni can generate
1:39:31
Speaker 1: fifty plus percent of the vote in a race with
1:39:36
Speaker 1: just one other prominent person, But in a three way race.
1:39:41
Speaker 1: I think he wins unfortunately, and I think both Como
1:39:48
Speaker 1: and Adams are too narcissistic two power lusting to actually
1:39:53
Speaker 1: leave the race and allow the other to take on.
1:39:56
Speaker 1: Mumdani not you have a jogorrhithm Do you think a
1:40:07
Speaker 1: Kamala Harris administration would have allowed Nvidia a AI to
1:40:11
Speaker 1: floush in an unregulated way like Trump is doing, not
1:40:15
Speaker 1: like Trump is doing. But I think they would have
1:40:18
Speaker 1: been very cautious in the amount of regulations they would
1:40:20
Speaker 1: have imposed. You know, the Democratic Party gets a lot
1:40:23
Speaker 1: of its money from Silicon Valley. Silicon Valley has not
1:40:27
Speaker 1: been overly regulated, even by Democratic presidents. So while I
1:40:33
Speaker 1: think there would have been more inclined to regulate, would
1:40:36
Speaker 1: mean worse for the industry the Trump I don't know
1:40:40
Speaker 1: by how much. Look, Kamala Howis administration would have been really, really,
1:40:46
Speaker 1: really bad from a regulatory perspective, just like Biden administration was.
1:40:50
Speaker 1: I mean I was an invested in bank and invested
1:40:53
Speaker 1: in banks, and Biden was a disaster from my investment,
1:40:56
Speaker 1: I did really badly because of Biden. Jump is good
1:41:00
Speaker 1: for certain industries, yeah, is he good for the country though?
1:41:04
Speaker 1: Is he good for you? I yes, probably, we'll see. Probably.
1:41:09
Speaker 1: Is he good for the country. No. Even as important
1:41:13
Speaker 1: as big of a deal as AI is, other things
1:41:15
Speaker 1: are bigger, like the very nature, the very nature of
1:41:22
Speaker 1: what this country is about is bigger. And who says
1:41:27
Speaker 1: if algorism is accepted because of fear of independence, as
1:41:31
Speaker 1: I'm theorized, as rand theorized, how does objectives resolve this fear? Well,
1:41:37
Speaker 1: it's very hard unless you basically get kids into Montessori
1:41:45
Speaker 1: schools and get kids into a better quality education at
1:41:49
Speaker 1: a young age, so to the extent that what you
1:41:57
Speaker 1: really need is a significant improvement in an educational system,
1:42:03
Speaker 1: an educational system to give kids the confidence to trust
1:42:07
Speaker 1: their own minds. Without that, it's hopeless. You're not going
1:42:10
Speaker 1: to give You're not You're not going to overcome the
1:42:12
Speaker 1: fear with with adults that have ready internalized it. And
1:42:16
Speaker 1: and you know, some will get it and some will
1:42:20
Speaker 1: overcome the fear. But again, to too many have been
1:42:25
Speaker 1: influenced by by the educational their education, and the only
1:42:31
Speaker 1: way to truly reverse this, to reverse in a sustainable
1:42:34
Speaker 1: way is through education. Until you can do that, you're
1:42:44
Speaker 1: limited in terms of the number of people who embrace
1:42:46
Speaker 1: independence and therefore reject altruism to those people who are
1:42:50
Speaker 1: strong enough to overcome, to overcome the fear. And we
1:42:58
Speaker 1: know there are some of those, because there here some
1:43:00
Speaker 1: of them in the chat. All right, Raymond. I was
1:43:04
Speaker 1: listening to go Toe's Rhapsody in Blue, and the minute
1:43:07
Speaker 1: the sewing swell comes in, I said, it's so American,
1:43:10
Speaker 1: and only an American could write this. It's definitely American,
1:43:14
Speaker 1: there's no question about that. But you know, there are
1:43:17
Speaker 1: lots of that kind of sense of life. You certainly
1:43:20
Speaker 1: have that in Rochman enough second piano consurt or third
1:43:23
Speaker 1: piano concertor you get some of that in Tchaikovski, you
1:43:27
Speaker 1: get some of it, even in Vojiak So you get
1:43:30
Speaker 1: that that American sense of life, even with somebody who
1:43:35
Speaker 1: is not an American. Composers who just you know, have
1:43:46
Speaker 1: that have that sense of life. All right, I just
1:43:49
Speaker 1: did five membership gifts. I just gifted five memberships. Hopefully
1:43:56
Speaker 1: you guys got one. Uh So, yeah, Gushian's Rapsody in
1:44:05
Speaker 1: Blue is beautiful, Raymond, Why do you think this is?
1:44:12
Speaker 1: Nothing exists like this in prior European music. It's not
1:44:15
Speaker 1: complicated and surely people want the repression of joy. Again.
1:44:19
Speaker 1: You see this in Enough. I mean you see this
1:44:23
Speaker 1: in Uh Tchaikovsky's first Piano Concerto, maybe even in the second.
1:44:29
Speaker 1: You can see it in the moments. You can see
1:44:32
Speaker 1: it in Beethoven only moments, but you can see it
1:44:36
Speaker 1: in God. I'm trying to think. Yeah, I mean, those
1:44:44
Speaker 1: are the obvious examples, but there are others, I think,
1:44:47
Speaker 1: moments in in in in Uh, parts of Taikowsky's Violin Concerto.
1:44:56
Speaker 1: So it's it's because Europeans don't have the sense of life.
1:45:01
Speaker 1: They don't have this joyous sense of life in general.
1:45:06
Speaker 1: I mean again, you might get it here or there,
1:45:08
Speaker 1: like Injuan Enough, but not as a not as a trend,
1:45:11
Speaker 1: not as not as something popular. They don't respond to it.
1:45:15
Speaker 1: They were repressed. They were not repressed, they were down
1:45:20
Speaker 1: route trodden. They have a very negative sense of life.
1:45:23
Speaker 1: They're malevolent, they're dark, right, they have a dark sense
1:45:27
Speaker 1: of life. It's really unusual that you get Tchaikovsky and
1:45:32
Speaker 1: Juanna Russian who come from a really dark place, who
1:45:36
Speaker 1: can write joyous music like they do. Think of Son
1:45:39
Speaker 1: Tchaikovsky's Ballet of Music. So I don't think it's purely American,
1:45:42
Speaker 1: but it's primarily American because America developed a sense of
1:45:45
Speaker 1: life out of a sense of individualism, conquering the frontier,
1:45:51
Speaker 1: engaging with reality, challenging, being confronted and challenged by reality,
1:45:56
Speaker 1: standing up to it, which the Eupeians just don't have
1:45:59
Speaker 1: the equivalent of that. There's nothing in Europe ripping culture
1:46:02
Speaker 1: that stands up to that, Christopher says. Augustina Augustina fergus
1:46:07
Speaker 1: Sid should talk about more about me Lay, Yeah, absolutely,
1:46:12
Speaker 1: I mean she knows a lot more about me lay
1:46:14
Speaker 1: than I do. She's farmer Argentina, and she studied it more.
1:46:21
Speaker 1: Platique says, as a generation Z working hard in an
1:46:24
Speaker 1: environment where rational self interest keeps me from connecting, is
1:46:29
Speaker 1: it possible to avoid loneliness? Well, I mean you've got
1:46:32
Speaker 1: to find people who respond to your self interest, people
1:46:38
Speaker 1: who are engaged in self interested action, people who respond
1:46:42
Speaker 1: to your focus on work and focus on self. There
1:46:46
Speaker 1: are people out there like that friendship and romantic partners.
1:46:50
Speaker 1: You just have to expend the energy to try to
1:46:53
Speaker 1: find them. They might be other objectivists near where you live.
1:46:57
Speaker 1: You have to try to discover them and find them
1:47:02
Speaker 1: and then come to conferences or go to events where
1:47:05
Speaker 1: you might find people who share at least the sense
1:47:08
Speaker 1: of life, if not the explicit philosophy. Don't give up
1:47:13
Speaker 1: on that, Benjamin says, I've attended it confrontationally and was
1:47:18
Speaker 1: suggested and was suggested by fellow students. The network with
1:47:22
Speaker 1: pros in the industry I'm trying to enter. Though I
1:47:25
Speaker 1: found it futile to build bridges that early. Was I wrong?
1:47:31
Speaker 1: I don't think that's ever too early to build bridges,
1:47:35
Speaker 1: and I don't think it's I don't think it's futile.
1:47:37
Speaker 1: I think a conversation with the pro in a particular
1:47:40
Speaker 1: industry is always going to make you better than what
1:47:43
Speaker 1: you will. It is always going to make you muldy better.
1:47:45
Speaker 1: You'll learn something You'd be surprised of how many people
1:47:49
Speaker 1: are happy to mentor even on a casual basis, mental people.
1:47:54
Speaker 1: So absolutely go out there and talk to people, engage
1:47:57
Speaker 1: with people who are pros in the industry. I don't
1:47:59
Speaker 1: think you should dedicate a huge amount of time to it,
1:48:02
Speaker 1: given that it's still early for you, but I would
1:48:04
Speaker 1: definitely start. There's no reason out to There's only upside,
1:48:07
Speaker 1: there's no downside. And maybe that opside is small because
1:48:11
Speaker 1: it's so early, but it exists, So why not spend
1:48:14
Speaker 1: the time doing it. You're at a conference. What else
1:48:16
Speaker 1: is there to do? All right, guys? We what is it?
1:48:27
Speaker 1: Thirty one dollars away from achieving our second hour goal,
1:48:30
Speaker 1: which would be really really good if we did that.
1:48:33
Speaker 1: We're ten minutes away from the two hour mark. We
1:48:35
Speaker 1: probably won't go into the third hour, but we will
1:48:38
Speaker 1: do a solid two hours. It would be nice if
1:48:40
Speaker 1: we made it to five hundred dollars. I'll change the
1:48:43
Speaker 1: goal to five hundred so you can see the numbers.
1:48:45
Speaker 1: So it's just thirty one dollars. So if people want
1:48:49
Speaker 1: to do some stickers, maybe we can get thirty people
1:48:51
Speaker 1: to do one dollar stickers and we can get there
1:48:54
Speaker 1: and all is all is good. So yes, if you
1:48:58
Speaker 1: want to support, to show value value, now is the
1:49:02
Speaker 1: time to engage, all right? Aaron says, I am a
1:49:08
Speaker 1: gay objectivist. I love I Rant and her philosophy, but
1:49:11
Speaker 1: upon reading the Psychology of Self Esteem, I saw some
1:49:13
Speaker 1: really nasty things about gays. How do I reconcile this?
1:49:17
Speaker 1: As a gay man? You reconcile it by not agreeing
1:49:22
Speaker 1: with whatever the nasty things that were said. Oh, you know,
1:49:28
Speaker 1: being an objectivist does not mean you have to embrace
1:49:32
Speaker 1: everything that I'm rand or Nathaniel Brandon wrote, you don't
1:49:38
Speaker 1: have to agree with everything. It's about the philosophy and
1:49:42
Speaker 1: attitudes towards gaze, as reflected in Psychology of Self Esteem
1:49:46
Speaker 1: or in some of her Q and As is more
1:49:49
Speaker 1: psychological observation, not a philosophical one. So what you're embracing
1:49:55
Speaker 1: when you're objecting objectivism is the philosophy, the metaphysics, the epistemology,
1:50:02
Speaker 1: the ethics, the politics, and aesthetics. You're not embracing every
1:50:07
Speaker 1: psychological observation that Iran made. Some of them might be wrong,
1:50:13
Speaker 1: And with regard to attitude towards gaze, they probably are wrong.
1:50:17
Speaker 1: And I think if she'd lived longer, I think she
1:50:20
Speaker 1: would have changed their mind. So yeah, your focus is
1:50:26
Speaker 1: on the philosophy. Your focus is on the philosophy, So
1:50:32
Speaker 1: focus on that and look the purpose of the philosophy.
1:50:36
Speaker 1: The purpose of being an objectivist is to use the
1:50:40
Speaker 1: philosophy to live the best life that you can live.
1:50:43
Speaker 1: The purpose of being an objectivist is not to agree
1:50:46
Speaker 1: without objectivists or to agree. It's not to join a tribe.
1:50:50
Speaker 1: It's not agree with an objectivist does not agree with me.
1:50:53
Speaker 1: It's not agree with Iran or Leni Peacock. It's to
1:50:58
Speaker 1: embrace the philosophy and apply it to life. So apply
1:51:02
Speaker 1: it and recognize that Ironman is probably wrong about gays.
1:51:09
Speaker 1: Lennard Peacock changed his mind about about gay, about being gay,
1:51:13
Speaker 1: and I think she was wrong, and I think she
1:51:17
Speaker 1: would have figured that out over time, you know, as
1:51:21
Speaker 1: for example Lena did, so, you know, reading something and
1:51:27
Speaker 1: discovering Ironman was wrong about something. Okay, that's that's not that.
1:51:33
Speaker 1: That doesn't undermine the philosophy unless when you discovered she's
1:51:36
Speaker 1: wrong about I don't know something fundamental philosophically, and then
1:51:39
Speaker 1: you have to rethink the entire thing. But this is
1:51:41
Speaker 1: not so. Yeah, Richard, one hundred and thirty one dollars.
1:51:51
Speaker 1: Thank you, Richard, really really really appreciate that. Thank you,
1:51:54
Speaker 1: thank you, Thank you. That gains us, puts us into
1:51:58
Speaker 1: the goal and beyond, so very much appreciated. Like esoteric
1:52:04
Speaker 1: economy here, you're on sci fi. Would you become a vampire? High?
1:52:09
Speaker 1: What's that? Uh? Immortal? But die in the sun need
1:52:15
Speaker 1: blood if you attain your mind could buy trade for blood.
1:52:22
Speaker 1: I don't know. Maybe maybe, I mean I'd slainly consider
1:52:27
Speaker 1: it if I could trade for the blood. Yeah, I'd
1:52:31
Speaker 1: slodly considerate anybody you have an offer immortality and numbmellus.
1:52:40
Speaker 1: Which is a bigger problem local and national governments. It
1:52:43
Speaker 1: depends on the period it's and it depends where you live.
1:52:47
Speaker 1: In some places it's it's local government. If you're a
1:52:49
Speaker 1: woman in Texas, your biggest problem is the local government.
1:52:53
Speaker 1: It's not the federal government, because the local government is
1:52:56
Speaker 1: taking away your rights in significant ways. But look, the
1:53:01
Speaker 1: federal government is more dangerous. I could stidy a war,
1:53:05
Speaker 1: it can round up immigrants, it can raise taxes, all
1:53:09
Speaker 1: kinds of taxes, although the local government can do the
1:53:12
Speaker 1: same and you have a lot less say in it.
1:53:18
Speaker 1: So I think the biggest problem right now where Trump
1:53:20
Speaker 1: is the national government. I think the periods were in
1:53:25
Speaker 1: places where it might be the local government. But both
1:53:29
Speaker 1: are problems. Marias, What would have to happen to African
1:53:35
Speaker 1: countries to let go of centrist centralist policies and embrace
1:53:40
Speaker 1: private companies to develop their countries. I mean they have
1:53:44
Speaker 1: to embrace capitalism. They have to embrace some semblance of capitalism.
1:53:47
Speaker 1: They have to embrace private property in the rule of law,
1:53:53
Speaker 1: which are the two keys, and of course the sanctity
1:53:56
Speaker 1: of contracts, the contracts, private property, the rule of law law.
1:54:01
Speaker 1: Margot Wade, you should follow Margot Wade if you're interested
1:54:04
Speaker 1: in introducing capitalism to Africa. She's very good on this.
1:54:09
Speaker 1: And yeah, it's capitalism. What they need is capitalism. What
1:54:12
Speaker 1: they need is elements of capitalism. What is it going
1:54:15
Speaker 1: to take. I don't know. A change in ideology, a
1:54:19
Speaker 1: new generation of young people demanding freedom, demanding economic and
1:54:24
Speaker 1: political freedom which they don't have in Africa. That's what
1:54:28
Speaker 1: Africa needs, economic liberty, and Nanne can boom. There'd be
1:54:32
Speaker 1: no stopping it. It can do a China. But you know,
1:54:37
Speaker 1: it's going to take time because the culture of so
1:54:40
Speaker 1: anti property rights and contracts and rule of law right now,
1:54:46
Speaker 1: because of bad intellectual leadership in Africa from the days
1:54:52
Speaker 1: of the colonizers to the days of independence where the
1:54:56
Speaker 1: intellectuals were all Marxists, Mark and still all Anomalists. Any
1:55:04
Speaker 1: movies that an objectivist would enjoy, I mean lots of
1:55:07
Speaker 1: movies that objectivists enjoy. Objectivism doesn't it's a sense of
1:55:11
Speaker 1: life that really is going to dictate which movies you enjoy.
1:55:15
Speaker 1: I'm trying to think right now. You know, I don't know.
1:55:18
Speaker 1: I'm not very good at remembering movies. I mean, A
1:55:22
Speaker 1: very very, very very old movie that I think, I
1:55:24
Speaker 1: think you'd enjoy, everybody would enjoy is Ninochka with Greta Garbo.
1:55:29
Speaker 1: It's from the nineteen thirties and it's it's one of
1:55:32
Speaker 1: the funniest best movies I think of all time. In
1:55:37
Speaker 1: the nineteen eighties, I like Last of the Mohican. I
1:55:40
Speaker 1: thought that was a very enjoyable movie. What is a
1:55:44
Speaker 1: movie somebody would enjoy today? What have I've seen recently?
1:55:47
Speaker 1: It's enjoyable. I can't remember. I can once in a
1:55:51
Speaker 1: while I do movie shows, primarily for members only, and
1:55:55
Speaker 1: I recommend some movies. You might want to check out
1:55:57
Speaker 1: my become a member on YouTube and then check out
1:56:02
Speaker 1: the show I did for members only on Westerns. And
1:56:05
Speaker 1: one of the advantages of being a member is you
1:56:07
Speaker 1: have access to all my members only shows going back,
1:56:11
Speaker 1: and you can get the ones I did on art
1:56:14
Speaker 1: and the one I did on Western movies. And there
1:56:16
Speaker 1: are a lot of westerns that are really, really, really good.
1:56:20
Speaker 1: America Work is good, October Sky is really good. Paul
1:56:23
Speaker 1: the Thirteenth is good. These all Michael Frost recommending those
1:56:26
Speaker 1: all enjoyable movies. Yeah, that's a good beginning of a list.
1:56:32
Speaker 1: There's lots of movies we get added to that, all right,
1:56:36
Speaker 1: Thank you guys, Thanks all the super chatters. Thanks particularly
1:56:41
Speaker 1: to Richard and I know Remo did quite a bit,
1:56:47
Speaker 1: and James, and of course as always Michael, thanks for
1:56:51
Speaker 1: the support. Thanks to all the super chatters, the stickers,
1:56:55
Speaker 1: and I will see you all tomorrow. Right now, let's
1:57:00
Speaker 1: say it's at the same time. There's the potential for
1:57:03
Speaker 1: it to be an hour later, but let's assume it's
1:57:06
Speaker 1: the same time. Okay, Robert has a last minute question
1:57:10
Speaker 1: and it's about vampires, so I kind of have to
1:57:12
Speaker 1: take it. Speaking of vampires, I just donated pains of
1:57:17
Speaker 1: Oh plus, and since I have a low tolerance for pain,
1:57:21
Speaker 1: listening to the show is a good distraction. Thanks. Well,
1:57:25
Speaker 1: it's good that you don't find the show painful, becuse
1:57:27
Speaker 1: that would be bad. What is painful about donating blood?
1:57:33
Speaker 1: I guess I have a very high tolerance for pain,
1:57:36
Speaker 1: so I probably just don't know, all right, thank you,
1:57:42
Speaker 1: Robert really appreciate it, and uh you know, I wish
1:57:47
Speaker 1: you immortality for donating the blood. I will see you
1:57:54
Speaker 1: guys tomorrow. Bye, everybody,