Latest / Yaron Brook Show / Legal Immigration; Slush Fund; AI EO; Barney Frank; Response 2 Bezos; Islamism | Yaron Brook Show
Transcript
- 0:02Speaker 1: A lot of the fund the metal principles of edom,
- 0:07Speaker 1: lational self interest and an individual loss. This is the show.
- 0:20Speaker 1: Oh right, everybody, welcome, Welcome to yourn book show on
- 0:25Speaker 1: this May twenty second. It is a Friday. Everybody's having
- 0:34Speaker 1: a had a good week, having a good week, looking
- 0:37Speaker 1: forward to the weekend. And the madness continues. It's insane
- 0:43Speaker 1: out there, it really is. Keep looking for good news.
- 0:46Speaker 1: It's hard to find it. Yesterday was a little bit
- 0:48Speaker 1: of a good news, but how to find it? All right?
- 0:56Speaker 1: The latest insanity, the latest insanity comes from the United
- 1:02Speaker 1: States Citizens and Immigration Citizenship and Immigration Services. They published
- 1:11Speaker 1: a memo to yesterday, I guess yesterday that is being
- 1:15Speaker 1: released today and people have had access to it today,
- 1:20Speaker 1: and it's it proves, you know, it proves that. Then
- 1:35Speaker 1: everybody who said, oh no, we love immigrants, we just
- 1:37Speaker 1: don't like illegal immigrants. Immigration is great, legal immigrants are fine.
- 1:42Speaker 1: We like legal immigrants. We promise we're lying. They hate
- 1:47Speaker 1: legal immigration. They want to end legal immigration and they
- 1:51Speaker 1: want to destroy it. And so here's what they you know,
- 1:55Speaker 1: us c I S, the us UH centifer whatever immigration
- 2:04Speaker 1: and naturalization and the whole thing. Here's here's the here's
- 2:08Speaker 1: what they released and quoting. We're returning to the original
- 2:11Speaker 1: intent of the law to ensure aliens and navigate our
- 2:16Speaker 1: nation's immigration system properly. From now on, an alien who
- 2:21Speaker 1: is in the United States temporarily and wants a Green
- 2:24Speaker 1: Card must return to their home country to apply, except
- 2:29Speaker 1: in extraordinary circumstances. This policy allows for immigrations for our
- 2:34Speaker 1: immigration system to function as the law intended, instead of
- 2:38Speaker 1: incentivizing loopholes when aliens apply for their from their home country,
- 2:43Speaker 1: it reduces the need to find and remove those who
- 2:46Speaker 1: decide to slip into the shadows and remain in the
- 2:50Speaker 1: US illegally after being denied residency. This is pretty stunning. Uh.
- 3:07Speaker 1: The reality is that when you get a when you
- 3:11Speaker 1: get an H one B visa, when you get a
- 3:14Speaker 1: one extraordinary ability visa to be in the United States
- 3:18Speaker 1: for a period, and you know you you the institution
- 3:28Speaker 1: that has sponsored you, your your employer is willing to
- 3:33Speaker 1: sponsor you for a Green card, and you qualify for
- 3:36Speaker 1: the green card and everything. What has happened in the
- 3:37Speaker 1: past is while you are working, while you're still in
- 3:41Speaker 1: the H one B or or on the on on
- 3:44Speaker 1: whatever visa you are on legal visa to work. They
- 3:48Speaker 1: apply for you for the for the green card, and
- 3:51Speaker 1: while you're waiting, you are you have a legal status
- 3:56Speaker 1: in the United States while you're waiting for the decision
- 3:59Speaker 1: of the thirties. And in most cases, I think I
- 4:03Speaker 1: don't have the stats, but in most cases in which
- 4:05Speaker 1: you apply, people apply for green cord. They've done the research.
- 4:08Speaker 1: Dy you know, it's a it's a significant expanse lawyers
- 4:13Speaker 1: and stuff, and usually your employer engage in it and
- 4:20Speaker 1: the consequences. Most people get it. So and you know
- 4:30Speaker 1: a lot of people who apply for green cards being
- 4:32Speaker 1: in the United States a long time. They might have
- 4:37Speaker 1: been in the United States ten years or fifteen years
- 4:40Speaker 1: and there now applying for a green card, and what
- 4:45Speaker 1: the circulation is makesically saying no, you have to leave.
- 4:49Speaker 1: You have to leave the United States, apply from your
- 4:52Speaker 1: home country, and then wait in line until it is approved.
- 5:00Speaker 1: Other words, we don't want legal immigrants, we don't want
- 5:03Speaker 1: you here. We want you to leave, and we'll do
- 5:08Speaker 1: everything we can to incentivize you from ever coming back.
- 5:14Speaker 1: And you know, think about it, you're here for ten years,
- 5:19Speaker 1: you've got a career, you've got a business. They are
- 5:22Speaker 1: sponsoring you under the assumption you will continue in your job.
- 5:26Speaker 1: But now you're gonna leave, You're not gonna be able
- 5:28Speaker 1: to do your job. You're have to wait. Who knows
- 5:32Speaker 1: how long? Right we're talking about right now? Oh, I
- 5:37Speaker 1: saw this number. I had the number here, where's the number.
- 5:39Speaker 1: I think we're talking about one point two million people
- 5:43Speaker 1: in this category. And you know, this means everybody AI researchers, employees,
- 6:00Speaker 1: students have to leave the country and wait through a backlog,
- 6:04Speaker 1: which could be years or decades in order to get
- 6:08Speaker 1: back in. It is basically an end. It's not an
- 6:19Speaker 1: adjustment for a loophole. This is an end basically to
- 6:27Speaker 1: new Green cod holders to permanent residency in the United States,
- 6:31Speaker 1: the ability to convert to become a citizen. Ultimately, I mean,
- 6:37Speaker 1: I don't know what percentage of Silicon Valley, what percentage
- 6:40Speaker 1: of senior people in Silicon Valley went through this process,
- 6:45Speaker 1: this adjustment of status. You know, it's a legal immigration process,
- 6:51Speaker 1: stipulating stipularity in regulations where visa such as one's and
- 6:55Speaker 1: H one b's a dual intent, which means the visa
- 6:59Speaker 1: holding in the United State state's working on a non
- 7:01Speaker 1: immigrant visa and also apply for permanent residents. It's completely legal.
- 7:11Speaker 1: I think about the fact that some of these people,
- 7:13Speaker 1: many of these people have families, they probably bought a
- 7:16Speaker 1: house with a mortgage. They've been in the United State,
- 7:19Speaker 1: it's a long time. They have high paying jobs, they're
- 7:21Speaker 1: being productive. They assume that it's a no brainer to
- 7:24Speaker 1: get a green card. They've invested in their life, their
- 7:27Speaker 1: kids go to school. The kids might even be American
- 7:31Speaker 1: citizen because both white citizens. But at least for now,
- 7:35Speaker 1: and now they have to go back to India or Israel,
- 7:40Speaker 1: or Norway or South America, Brazil in order to what
- 7:47Speaker 1: to apply for a green card again, which take could
- 7:50Speaker 1: take years to get. This is completely inconsistent with the
- 8:01Speaker 1: law as written by Congress. So they're going to be
- 8:04Speaker 1: lawsuits around this. There's going to be a big deal
- 8:07Speaker 1: about this. But but what what what you know, who
- 8:09Speaker 1: knows if this will ever go into place, But it
- 8:11Speaker 1: certainly is the intention of this administration to do this,
- 8:15Speaker 1: and let this be hopefully the final straw in convincing
- 8:21Speaker 1: everybody that this administration, these Republicans, these people don't want
- 8:29Speaker 1: immigrants in this country. And you know, this is to
- 8:33Speaker 1: large extent targeted at Indians, I guess and Chinese. They
- 8:37Speaker 1: don't want none whites in this country for sure, So
- 8:52Speaker 1: it's a it's a massive issue that again affects hundreds
- 8:56Speaker 1: of thousands, maybe over a million million people who are
- 9:02Speaker 1: seeking Greek cards, who are going to be seeking Greek
- 9:05Speaker 1: cards and now might not probably won't. I mean, we
- 9:13Speaker 1: already have a massive brain drain in this country, people
- 9:17Speaker 1: leaving going back to India and China and other places
- 9:24Speaker 1: around the world. You know, the CNN is tallied at
- 9:29Speaker 1: least eighty five top US researchers, including more than a
- 9:33Speaker 1: dozen artificial intelligence specialists, who have now joined Chinese institutions
- 9:39Speaker 1: since early twenty twenty four. In March twenty twenty five,
- 9:43Speaker 1: Nature profound the three quarters of US based scientists are
- 9:47Speaker 1: considering leaving Britain, Singapore, Australia and Canada, in addition to
- 9:54Speaker 1: Chinese actively recruiting them. I mean, while we are supposedly
- 10:05Speaker 1: engaged in this competition over AI, we are encouraging AI
- 10:12Speaker 1: scientists who are a majority of whom we're not born
- 10:18Speaker 1: in the United States, a majority of whom came to
- 10:21Speaker 1: the United States on H one B visa or one visa,
- 10:26Speaker 1: A majority of whom we are now encouraging to go
- 10:30Speaker 1: back home to leave not welcome in the United States.
- 10:37Speaker 1: And it's a direct attack on high skilled immigration, which
- 10:40Speaker 1: supposedly everybody agrees is good, everybody except the racist xenophobes
- 10:48Speaker 1: in the White House. You know, it would have affected me.
- 10:58Speaker 1: I don't know what I would have done. I don't
- 11:02Speaker 1: know how this would have made would be impossible the
- 11:11Speaker 1: you know, I would have had to go back to
- 11:13Speaker 1: Israel to apply in these really in the American embassy
- 11:17Speaker 1: in Israel. Wait years. You know, I had two kids
- 11:21Speaker 1: at that point. My career would have been a hold.
- 11:26Speaker 1: Would Santa Clara have waited with my job if I
- 11:30Speaker 1: was going to leave? Why would they? Why would they?
- 11:39Speaker 1: I mean, they can't just put a hold on what
- 11:41Speaker 1: they're doing. It's just mind boggling. This is so such
- 11:48Speaker 1: a rights violation. It is a rights violation of Americans.
- 11:55Speaker 1: The institutions that would like to hire these people and
- 11:58Speaker 1: now are banned from doing it, or massive obstacles are
- 12:01Speaker 1: being placed in front of them, and the rights of
- 12:05Speaker 1: people who emigrate to the United States whose life are
- 12:09Speaker 1: now turned upside down by forcing them to go back
- 12:12Speaker 1: home and of course, it's a violation of the rights
- 12:16Speaker 1: of all Americans who would like to trade with these people,
- 12:19Speaker 1: who would like to benefit from the value that they
- 12:23Speaker 1: create and produce. It's a massive hit on the US economy,
- 12:28Speaker 1: which is driven to a large extent by immigration, particularly
- 12:34Speaker 1: high skilled immigration, but immigration across the board. It's just
- 12:41Speaker 1: through and through a real just a real disaster. Let
- 12:54Speaker 1: me just see something here, a real disaster. And it's yeah,
- 13:04Speaker 1: this is about Indians having to wait decades. Where do
- 13:08Speaker 1: Russians go? Where do the Russians go? They can't go
- 13:13Speaker 1: back to Russia because, I mean, they can't apply for
- 13:16Speaker 1: green cut from Russia because there's no American embassy in Russia.
- 13:23Speaker 1: And do we really think that Chinese are going to
- 13:25Speaker 1: go and go to China and then apply it to embassy.
- 13:28Speaker 1: It's just not going to happen. It's basically, this is
- 13:32Speaker 1: an ask that these immigrants leave and not come back,
- 13:41Speaker 1: leave and not come back. And it really is it
- 13:46Speaker 1: really is disgusting. I mean, yeah, it's again the central government,
- 13:50Speaker 1: the federal government, overwriting the will and the wishes of
- 13:55Speaker 1: people in the US economy voluntarily wanting to exchange with
- 13:58Speaker 1: one another, that the I mean, the whole immigration law
- 14:03Speaker 1: is that, and and this is a way to make
- 14:06Speaker 1: it so much more unjust than it already is. It
- 14:09Speaker 1: already is massively unjust, and this makes it so much worse.
- 14:25Speaker 1: All right, just as the word just a word on
- 14:34Speaker 1: Yuan before we continue. I didn't include it in the
- 14:36Speaker 1: list of topics because the reality is there's nothing really
- 14:40Speaker 1: new to say. Everything I said yesterday holds the rumors
- 14:43Speaker 1: in every direction. There's an attack coming, you know. Right now.
- 14:47Speaker 1: There's an update from a few from about an hour
- 14:50Speaker 1: ago that, first of all, Trump is not going to
- 14:53Speaker 1: his son's wedding this weekend. He's not going to be
- 14:57Speaker 1: in the Bahamas for Don junior is wedding. So everybody speculating, oh,
- 15:04Speaker 1: that means there's a war. You know, we're attacking you
- 15:07Speaker 1: on And then just an hour, just an hour ago,
- 15:11Speaker 1: Trump abruptly canceled this trip to Trump National in Bedminster,
- 15:16Speaker 1: New Jersey. I don't know there was a Trump National,
- 15:19Speaker 1: and we'll be heading straight back to the White House
- 15:22Speaker 1: following a speech in New York. It's unclear why. So
- 15:27Speaker 1: he's not going to Sun's wedding, he's canceling events, He's
- 15:30Speaker 1: heading back to the White House. You know, we've got
- 15:34Speaker 1: the pizza monitor from yesterday suggesting something's up. But the
- 15:39Speaker 1: reality nobody knows. My view is, even if there is
- 15:44Speaker 1: an attack this weekend is Trump is basically trying to surrender.
- 15:53Speaker 1: He's really, really, really trying hard to surrender, to give up.
- 16:01Speaker 1: There is a there's a really good uh uh editorial
- 16:07Speaker 1: in the Atlantic magazine by I think it's Frederick Kagan,
- 16:11Speaker 1: one of the Kagans, about this about how Trump is
- 16:16Speaker 1: basically surrendered to the Iranians. He's doing everything you can't
- 16:19Speaker 1: surrender the Iranians. Maybe you're bombin up a little bit
- 16:22Speaker 1: and then surrender to the Ranians. But his primary focus
- 16:26Speaker 1: is surrender. He wants out, he wants to get out
- 16:29Speaker 1: of there, and he doesn't care what happens. I mean,
- 16:32Speaker 1: he only cares about his reputation and what the vote,
- 16:35Speaker 1: what people think of him, but he doesn't care about
- 16:38Speaker 1: what happens in Iran. And he is leaving Iran at
- 16:43Speaker 1: this point. If he leaves today, and we'll see what
- 16:45Speaker 1: happens if they attacked it this weekend, stronger than ever,
- 16:49Speaker 1: in control of the home Wost Straits with the uranium,
- 16:55Speaker 1: you know, uh and and and if he if, if
- 16:57Speaker 1: what is true about all these agreements about unfree assets
- 17:01Speaker 1: and eliminating sanctions, then Iran will be richer than ever
- 17:05Speaker 1: and be able to invest in nuclear be able to
- 17:08Speaker 1: invest in missiles, be able to invest in Haramas and Chrisbala,
- 17:11Speaker 1: be able to invest in a new navy, be able
- 17:13Speaker 1: to rebuild all that stuff, and hold the Middle East
- 17:17Speaker 1: and the world hostage. In addition, the Gulf States would
- 17:21Speaker 1: have learned an important lesson. They can't trust the Americans,
- 17:24Speaker 1: they can't rely in America, and therefore they will align
- 17:28Speaker 1: themselves much more closely with Iran. Iran is the threat
- 17:31Speaker 1: that they have to deal with. They don't want to
- 17:33Speaker 1: deal with it militarily. And then will Israel act in
- 17:40Speaker 1: spite of in spite of Trump is already isolated in America.
- 17:46Speaker 1: Democrats hate it, half Republicans hate it. Do they pess
- 17:50Speaker 1: off the one guy who seems to like Israel? Did
- 17:52Speaker 1: they act in spite of him telling them, no, you
- 17:58Speaker 1: know how to tell hot to toe? They followed through
- 18:03Speaker 1: and Gaza and Lebanon They've done what Trump has asked
- 18:06Speaker 1: him to do. But it really does seem like this
- 18:10Speaker 1: is setting towards a complete disaster. But we have to
- 18:13Speaker 1: wait and see because, as I said, I don't know
- 18:15Speaker 1: what ultimately is going to happen. I mean again, I've
- 18:19Speaker 1: said this for now weeks. Our saving grace is that
- 18:25Speaker 1: the Iranians are playing hardball. The Iranians are refusing Trump's surrender.
- 18:35Speaker 1: Trump keeps trying to surrender, and the Iranians so that's
- 18:38Speaker 1: not good enough. We want more. It's not good enough.
- 18:40Speaker 1: We want more, and even Trump hasses limits. So I
- 18:44Speaker 1: think the only saving grace we have right now is
- 18:49Speaker 1: the Ranians. So I wouldn't be surprised if he's staying
- 18:53Speaker 1: in that White House because there's a military operation. But
- 18:57Speaker 1: I also wouldn't be surprised if he's staying in the
- 18:58Speaker 1: White House because he expects to announce a deal with
- 19:02Speaker 1: the Iranians and he wants to do it from the
- 19:04Speaker 1: White House in person right now. Both basically, the facto
- 19:09Speaker 1: leader of Pakistan, the head of their military is in
- 19:12Speaker 1: Tehran as our representative of the Katari government who supposedly
- 19:17Speaker 1: got permission to go there to help the negotiations. So
- 19:23Speaker 1: you know, we're not gonna bump Tehran while they're there,
- 19:27Speaker 1: I don't think. And sending the kataris in is another
- 19:35Speaker 1: just sign of surrender. It's unbelievably depressing in in that sense,
- 19:45Speaker 1: it's it's a complete disaster. You know, I'm gonna have
- 19:49Speaker 1: to if this, if this is, if this is how
- 19:52Speaker 1: it goes, i am going to have to I'm gonna
- 19:55Speaker 1: have to, you know, come back to you and say
- 19:58Speaker 1: I was wrong and and going to war with you
- 20:01Speaker 1: on at this point was a complete and utter mistake
- 20:04Speaker 1: because it's Trump doing it, and nothing Trump can do
- 20:08Speaker 1: will ever be right. But we'll see, we'll see. They
- 20:13Speaker 1: still hope that the Ranians will somehow save us from
- 20:16Speaker 1: this fate by p seem off royally. All right, just
- 20:22Speaker 1: some update on the slush fund, the the one point
- 20:27Speaker 1: seventy seven six we can always remember that number. It's easy,
- 20:30Speaker 1: seventeen seventy six billion dollar fund that is set up
- 20:34Speaker 1: to redress injustices towards Republicans who are who are harassed
- 20:39Speaker 1: and and you know, bad things happened to them under
- 20:43Speaker 1: the Biden administration. So uh, you know, it turns out
- 20:50Speaker 1: the Republicans, for some bizarre reason that you know, maybe
- 20:54Speaker 1: we can explain, but it's not clear we can explain,
- 20:56Speaker 1: suddenly have decided maybe maybe something Trump is doing is
- 21:03Speaker 1: not right. So you know, they have they have suddenly
- 21:12Speaker 1: gotten really really angry and really really upset by this
- 21:18Speaker 1: slush fund. Indeed, they scrapped plans to vote on what
- 21:25Speaker 1: has been their top priority, a seventy two billion dollar
- 21:28Speaker 1: immigration crackdown measure, which would fund ice and provide funding
- 21:33Speaker 1: for all kinds of stuff. And and this is the
- 21:37Speaker 1: biggest issue, right, crackdown immigration only illegal, oh also illegal,
- 21:42Speaker 1: both legal and illegal. This is the this is their passion,
- 21:46Speaker 1: this is their love, this is what drives them. And
- 21:49Speaker 1: yet they have postponed dealing with it because they're so
- 21:54Speaker 1: upset by this, uh, you know, by this issue. Even
- 21:59Speaker 1: as so they met was it this morning or yesterday?
- 22:04Speaker 1: They met with the Attorney General Todd Blanche, who would
- 22:08Speaker 1: put this deal together, the seventeen seventy sixth deal, the
- 22:11Speaker 1: slush fun deal. And even before the meeting started, John Thune,
- 22:16Speaker 1: who is the Republican who is the you know, the
- 22:19Speaker 1: majority leader and basically does whatever Trump tells him to do,
- 22:23Speaker 1: but here he was upset. He says, our members have
- 22:29Speaker 1: very legitimate questions about it, and we've had some conversations
- 22:33Speaker 1: about it. If it's going to be a feature going
- 22:36Speaker 1: forward that it might what it might look like, and
- 22:39Speaker 1: how we might make sure that it's fenced inappropriately. That
- 22:45Speaker 1: was before the meeting with Blanche. Well, once the meeting started,
- 22:48Speaker 1: I mean, all help broke loose. According to reports, they
- 22:51Speaker 1: were very upset. They were incredulous about this, you know,
- 22:58Speaker 1: asking how it would work. It's clear from his answers
- 23:03Speaker 1: that Congress was going to be completely ice out of this.
- 23:06Speaker 1: Of the of the five member committee that is going
- 23:09Speaker 1: to be appointed to distribute these funds, Congress might have
- 23:15Speaker 1: input into one. The other four the Executive branch will
- 23:20Speaker 1: decide unilaterally, I mean decided all five unilaterally, but one
- 23:24Speaker 1: they'll get consultation from Congress. You know. The Republican says,
- 23:34Speaker 1: that's no criteria for the payoffs and it doesn't include
- 23:41Speaker 1: any kind of prohibition on paying someone who is involved
- 23:44Speaker 1: in violence. Because Bill Cassidy, who is finally found that
- 23:51Speaker 1: he can stand up to Trump now that you know,
- 23:55Speaker 1: Trump sta stabbed him in the back and send him
- 23:58Speaker 1: off and he's a he's you know, lamed out because
- 24:03Speaker 1: he can't run for re election because he lost in
- 24:06Speaker 1: the primary. Cassidy's finally found his voice and objected to
- 24:14Speaker 1: all of this. But other Republicans also who are not
- 24:19Speaker 1: directly affected yet by you know, by Trump's stabbing people
- 24:25Speaker 1: in the back, who were quite adamant that this was wrong. Republicans.
- 24:31Speaker 1: You know, it looks like Republicans and Democrats will want
- 24:33Speaker 1: to condition the passage on of the seventy two billion
- 24:38Speaker 1: dollar immigration bill on at least the adjustments or some
- 24:44Speaker 1: kind of review of this seventeen seventy six slush fund.
- 24:52Speaker 1: And you know, it's not clear that Trump has a
- 24:55Speaker 1: majority anymore because again he's pissed off cast Kanye from Texas.
- 25:03Speaker 1: You know, Trump Indoorst's opponents, so he's not particularly happy
- 25:06Speaker 1: with Trump, and generally Republican leadership in the Senate is
- 25:10Speaker 1: not happy with Trump undermining their fellow Republicans. Trump seems
- 25:17Speaker 1: to make it clear that all these really interested is
- 25:20Speaker 1: in controlling the Republican Party, not in actually winning any legislation,
- 25:24Speaker 1: because he doesn't care about Congress. He thinks he can
- 25:26Speaker 1: get everything done to executive order, and so far they've
- 25:29Speaker 1: let him get away with it. You know, some Republicans
- 25:36Speaker 1: like Tommy turn Tuberville, a Republican from Atland, Alabama, who
- 25:43Speaker 1: just want his primey to run for the governorship of
- 25:47Speaker 1: Alabama and needs to be on Trump's good side for that,
- 25:51Speaker 1: and needs to have MAGA on his side to win
- 25:54Speaker 1: the governorship of Alabama or that. That should be pretty easy.
- 25:56Speaker 1: It's a pretty red state. He defended this thing. Hundreds
- 26:02Speaker 1: of innocent patriots sat behind bars over this made up
- 26:05Speaker 1: witch hunt. Now there there were some guilty, but a
- 26:10Speaker 1: huge number of them were vastly innocent. Vastly innocent. But
- 26:17Speaker 1: I mean, it's the rule of law here is really interesting.
- 26:21Speaker 1: The Senate, now the science. Who's interested, innocent, who's not?
- 26:25Speaker 1: I mean, Trump has already pardoned them all, which is
- 26:28Speaker 1: a travesty in and of itself. But now we're gonna
- 26:31Speaker 1: pay them reparations because we don't like the jury's verdict.
- 26:39Speaker 1: We don't like what our court system has decided. It's
- 26:44Speaker 1: not like they were rounded up and jailed without a trial,
- 26:52Speaker 1: had trials and they lost, and Republicans don't care. They
- 26:58Speaker 1: just want to overturn it. This is the part of
- 27:00Speaker 1: the rule of law, supposedly. Anyway, Republicans are pissed off.
- 27:07Speaker 1: They're unhappy. They're unhappy also about the ballroom. I mean,
- 27:11Speaker 1: we haven't talked about the ballroom really because it's so ridiculous.
- 27:14Speaker 1: And the arch. Trump is building this massive arch, like
- 27:20Speaker 1: the arch that the Arch of the Romans built in Rome,
- 27:27Speaker 1: the Victory Arch, and like the architectriumph that I think
- 27:31Speaker 1: Napoleon built in Paris. Trump wants one in Washington, DC,
- 27:35Speaker 1: bigger than the other two. And he claims he doesn't
- 27:39Speaker 1: need approve of for Congress to do it. Ironran wrote
- 27:43Speaker 1: about monument builders and you know what that represents, what
- 27:50Speaker 1: that represents, I mean, she was, you know, unbelievably critical
- 28:00Speaker 1: of politicians build monuments to themselves, to their own glory,
- 28:08Speaker 1: and what that represents. So anyway, he wants to build Dodge,
- 28:27Speaker 1: and he wants to build the ballroom. And he said
- 28:29Speaker 1: originally that the ballroom would car all the costs of
- 28:33Speaker 1: the ballroom would be borne by private individuals that fundraise.
- 28:39Speaker 1: He would put some money in, and his people would
- 28:42Speaker 1: put money in. All the bribes that he's getting go
- 28:44Speaker 1: to the ballroom. And he built his ballroom. And now
- 28:46Speaker 1: he's asking Congress for a billion dollars on top of
- 28:51Speaker 1: what supposedly he's you know, gotten privately, supposedly for security
- 28:57Speaker 1: around the ballroom. A billion dollars, and he has all
- 29:01Speaker 1: these stories about bunkers and drones and drones in the
- 29:08Speaker 1: roof and it's all top secret, but he's telling us
- 29:14Speaker 1: it's just it's just unbelievable, and it's a Congress is
- 29:21Speaker 1: just a bulking at the ballroom and the and the
- 29:25Speaker 1: arch trumpo today with regard to the weaponization fund, the
- 29:35Speaker 1: anti weaponization fund, I gave up a lot of money
- 29:38Speaker 1: and allowing the just announced anti weaponization Fund to go forward.
- 29:41Speaker 1: He didn't really because it is a good likelihood that
- 29:44Speaker 1: the judge was about to throw out his legal case.
- 29:47Speaker 1: And this is why they came up with a solution.
- 29:50Speaker 1: They wouldn't actually have to go to trial. I could
- 29:53Speaker 1: have settled my case, including the illegal release of my
- 29:56Speaker 1: tax returns and the equally illegal breaking of my logo.
- 30:01Speaker 1: Why was it a bacant? Why was it illegal? There
- 30:03Speaker 1: was a warrant, an actual warrant for an absolute fortune,
- 30:09Speaker 1: not a courting diars. Maybe the Justice Department, which he
- 30:12Speaker 1: has under his thumb, but not according diarress. I am
- 30:15Speaker 1: helping others who were so badly abused by an evil, corrupt,
- 30:20Speaker 1: and weaponized Biden administration. Imagine if every administration set up
- 30:25Speaker 1: a slush fund to pay off the people they believe
- 30:29Speaker 1: were treated badly by the previous administration. Why not just
- 30:35Speaker 1: set it up in Switzerland in the name of the
- 30:38Speaker 1: president so that he has some money to retire on,
- 30:41Speaker 1: like like Putin has a big slush fund in Switzerland anyway,
- 30:51Speaker 1: And that is what is going on. You know, Republicans
- 30:54Speaker 1: also having a hot time rounding up the votes to
- 30:58Speaker 1: stop a a vote. And this white might be why
- 31:02Speaker 1: the United States might attack today, just because there's an urgency.
- 31:07Speaker 1: There was a resolution was going to be in the
- 31:12Speaker 1: Senate that would actually force Trump to actually get congressional
- 31:20Speaker 1: approval if he wanted to assume fighting in Iran, and
- 31:24Speaker 1: Republicans could not find a vote to defeat it, so
- 31:28Speaker 1: they basically decided not to vote on it. The House
- 31:33Speaker 1: that scheduled the vote on the war powers resolution that
- 31:36Speaker 1: was brought by Democrats, but some Republicans were going to
- 31:39Speaker 1: vote for it. It became clear Republicans could not have
- 31:45Speaker 1: their numbers to defeat the bill, so Geopia leaders declined
- 31:49Speaker 1: to hold the vote on it. In other words, Trump
- 31:54Speaker 1: ass slipping support in Congress. It is a slipping to
- 31:58Speaker 1: the extent that they might impeach him, or they might
- 32:00Speaker 1: actually go after his corruption. But enough so that sudden
- 32:04Speaker 1: issues that are not very popular with voters, Republicans don't
- 32:08Speaker 1: want to take it up for a vote because they're
- 32:13Speaker 1: cowards courts. Anyway, that's where we are in terms of politics. Also,
- 32:30Speaker 1: this last few days, Trump was supposed to sign an
- 32:39Speaker 1: executive order regarding AI. The executive order was going to
- 32:47Speaker 1: create a process by which AI companies the AI industry
- 32:52Speaker 1: would submit their models for approval by a new government
- 33:00Speaker 1: regulatory agency. Now, this was supposed to be a voluntary process,
- 33:08Speaker 1: but I think people were very very afraid in THEAI
- 33:15Speaker 1: business that it would not just be voluntary, that.
- 33:19Speaker 2: It would be you know that it would be it
- 33:23Speaker 2: would change to be a permanent fixture and everything now
- 33:28Speaker 2: that AI did would have to get government approval.
- 33:33Speaker 1: This is part of the executive order. Nothing in this
- 33:37Speaker 1: section shall be construed to authorize the creation of a
- 33:40Speaker 1: mandatory government licensing preclearance of permitting requirement for the development, publication, release,
- 33:46Speaker 1: the distribution of new AI models, including frontier models. So
- 33:50Speaker 1: nothing in this section is we construed to authorize such
- 33:52Speaker 1: a thing. But they were setting up something for voluntary
- 33:56Speaker 1: approval licensing and so on on a voluntativ basis, and
- 34:02Speaker 1: the AI industry panicked, paniced. Now it turns out that
- 34:09Speaker 1: this was being pushed by Bassett, who wants regulation. This
- 34:17Speaker 1: is someone an article about this in political The drafting
- 34:22Speaker 1: of the executive order was exposed tensions between Besson, who
- 34:25Speaker 1: has taken on an outside role in the policy's creation,
- 34:29Speaker 1: and National Cyber Director Sheen can Cross, according to a
- 34:34Speaker 1: senior White House official, another senior US official, and two
- 34:37Speaker 1: other people familiar with the dynamics, They, like some others
- 34:42Speaker 1: in this report, were granted anonymity to speak freely about
- 34:46Speaker 1: closely held policy. Bessant were displeased in the early stages
- 34:49Speaker 1: of the policy making process with the pace of the
- 34:52Speaker 1: administration's response to anthropics advanced AI model Mythos myth Us
- 34:57Speaker 1: is the one that finds a programming problems in existing software.
- 35:03Speaker 1: As he and can Cross disagreed over their respective lanes.
- 35:08Speaker 1: The senior White House official and two people said specifically
- 35:12Speaker 1: he was concerned can Cross was not moving swiftly enough
- 35:16Speaker 1: to address potential risk the critical infrastructure and the financial system.
- 35:20Speaker 1: According to senior US official and two people, and it
- 35:23Speaker 1: goes on their arrival evanthropics. Mythos accelerated those concerns and
- 35:28Speaker 1: complicated and already fought policy debate inside the government. Bassett
- 35:32Speaker 1: and can Cross also clashed over a top Treasury aid
- 35:36Speaker 1: requesting access to Mythos without going through an into agency process.
- 35:41Speaker 1: So some infighting inside the administration, it sounds like, although
- 35:45Speaker 1: how to tell exactly what's going on given that it's
- 35:48Speaker 1: all anonymous sources. I mean, basically what happened it sounds like,
- 35:58Speaker 1: is that David sack X, the venta capitalist who was
- 36:05Speaker 1: I guess the a I saw until a couple of
- 36:08Speaker 1: months ago. David Sex called Trump this morning and argued
- 36:12Speaker 1: that having the federal government review models before the public
- 36:15Speaker 1: release would slow down innovation and harm US and the
- 36:19Speaker 1: US and the AI race with China. David Sex was
- 36:25Speaker 1: read in on the EO this week, and senior White
- 36:27Speaker 1: House officials believed he was good with it. Then me
- 36:31Speaker 1: changed his mind and try to convince convinced Trump to
- 36:36Speaker 1: withdraw it. I mean, the main reason you know the
- 36:44Speaker 1: signing was delayed is Trump, as Sex reminded him, just
- 36:49Speaker 1: hates regulation. Uh and the Sex hated it. The whole
- 36:55Speaker 1: thing was unnecessary and just something the doomers want the
- 36:59Speaker 1: people who think, you know, AI is doomsday. Supposedly, Ellen
- 37:08Speaker 1: Musk also spoke with Trump between Wednesday night and Thursday
- 37:14Speaker 1: morning Meta and X you know potentially SEEO of META. Also,
- 37:25Speaker 1: Trump said I didn't like certain aspects of it. I
- 37:28Speaker 1: postponed it. He says, I think it's getting in the
- 37:31Speaker 1: way of you know, we're leading China, we're leading everybody,
- 37:34Speaker 1: and I didn't want to do anything to get in
- 37:36Speaker 1: the way of that lead. Now, mythus is a real problem,
- 37:41Speaker 1: right because it finds gaps that can easily provide hacking
- 37:48Speaker 1: into pretty sensitive national security software. And you'd expect the
- 37:52Speaker 1: government to do something to deal with that. And it's
- 37:56Speaker 1: not clear the government is doing it and what it's
- 37:58Speaker 1: doing and how it's going to do it. So there's
- 38:01Speaker 1: a there there. I doubt that this circulation was the
- 38:06Speaker 1: answer to the challenges that we face with regard to
- 38:10Speaker 1: AI and particularly with regard to Mythos. And it's hard
- 38:14Speaker 1: to believe that this administration is going to find the
- 38:16Speaker 1: right balance. But there are issues that are gonna have
- 38:19Speaker 1: to be dealt with, uh and how they're dealt with,
- 38:27Speaker 1: you know, and what the right way to deal with
- 38:29Speaker 1: it I don't know enough about AI to figure that out.
- 38:32Speaker 1: Maybe you know, the government has no role here. You know,
- 38:37Speaker 1: it strikes me individual rights you know matter here that is,
- 38:41Speaker 1: there are issues. But people are gonna have to figure
- 38:45Speaker 1: this out, and they're gonna have to really do some
- 38:47Speaker 1: hard thinking about this. And the challenge is we don't
- 38:50Speaker 1: have those kind of people, I don't think in government
- 38:53Speaker 1: right now. So we're either going to get too little,
- 38:59Speaker 1: which it's better than an alternative, which is too much
- 39:04Speaker 1: regulation of this. All right, I think it was the
- 39:14Speaker 1: day before yesterday Bonnie Frank, Bonnie Fank, not Bonie Fank,
- 39:18Speaker 1: Bonnie Fink. Bonnie Fank passed away at the age of
- 39:21Speaker 1: eighty six. Frank was a long time Democratic congressman I
- 39:28Speaker 1: think from Massachusetts. Was very much beloved by Democrats, was
- 39:36Speaker 1: well established, was big in the gay rights movement. And
- 39:41Speaker 1: there'd been a lot of commentary about Bonnie Bonnie Frank,
- 39:45Speaker 1: and almost all of it is raving, you know, from
- 39:49Speaker 1: even from political opponents. Everybody liked him. He seems like
- 39:53Speaker 1: a nice guy, and he seemed like he was funny,
- 39:56Speaker 1: he was really smart and all that stuff. But I
- 40:02Speaker 1: am here to say to talk ill of the dead.
- 40:08Speaker 1: Bonnie Frank was a disaster. He was head of the
- 40:13Speaker 1: Finance Committee in the House of Representatives and yet he
- 40:16Speaker 1: knew nothing about finance. He was corrupt. Miss There was
- 40:24Speaker 1: significant evidence I mean that he supported I mean, we
- 40:29Speaker 1: know he supported Fanny May and Freddie mac throughout the
- 40:33Speaker 1: two thousands, in spite of the fact that the entities
- 40:37Speaker 1: were clearly you know, a they cannot report, They cannot
- 40:45Speaker 1: report their earnings because they nobody could audit them. They
- 40:52Speaker 1: audited financial statements, did not did not work. Something was
- 40:57Speaker 1: deeply wrong there, and nobody's ever been secuted for it.
- 41:01Speaker 1: But for years there were no out of financial statements
- 41:03Speaker 1: because there was obviously fraud there that nobody could figure
- 41:08Speaker 1: out how to deal with. Bonnie Fank was the primary
- 41:12Speaker 1: person to support them, to give them political cover, and
- 41:15Speaker 1: also was a massive recipient of money from Freddi and
- 41:21Speaker 1: Fanny for his political campaigns. He was one of the
- 41:25Speaker 1: largest recipients of campaign financing from these entities. Now these
- 41:31Speaker 1: were quasi government entities, private public private partnerships, if you will,
- 41:41Speaker 1: ridiculous notion of what that is. Bonny Fank was, you know,
- 41:51Speaker 1: to a large extent, one of the causes his policies
- 41:56Speaker 1: and its support for Freddie and Fanny and its support
- 41:59Speaker 1: for housing and his acts as chairman of the Finance
- 42:06Speaker 1: Committee was one of the main people responsible for the
- 42:09Speaker 1: subprime crisis and the Great Recession of two thousand and eight,
- 42:15Speaker 1: which impoverished millions and turned hundreds of millions against capitalism.
- 42:26Speaker 1: He supported the massive bailouts I mean a bailouts of
- 42:31Speaker 1: a crisis that he helped instigate. And it wasn't like
- 42:46Speaker 1: nobody warned about this, I mean in April of two
- 42:53Speaker 1: thousand and one, Administration Bush administration two thousand and two
- 42:58Speaker 1: budget declared that the size of Fitty and Fanny is
- 43:02Speaker 1: quote a potential problem because financial trouble of a large
- 43:05Speaker 1: GSE would cause strong repercussions in financial markets affecting federally
- 43:10Speaker 1: insured entities and economic activity. Remember, both of these entities
- 43:14Speaker 1: basically went bankrupt and were put under federal government receivership
- 43:20Speaker 1: during the crisis in two thousand and two. In May,
- 43:24Speaker 1: the Office of Butt Management and Budget calls for the
- 43:26Speaker 1: disclosure and coporate governance principles contained in the President's ten
- 43:31Speaker 1: Point Plan for Corporate Responsibility to apply to Fetti and Fanning.
- 43:39Speaker 1: In February two thousand and three, the Office of Federal
- 43:42Speaker 1: Housing and Enterprise Oversight releases of report explaining that unexpected
- 43:46Speaker 1: problems at a GSC could immediately spread into financial sectors
- 43:50Speaker 1: beyond the housing market. Yeah, and that happened. In September,
- 43:56Speaker 1: then Secretary Treasury John Snow testified before the House Financial
- 44:01Speaker 1: Services Committee Bonnie's group to recommend that Congress and act
- 44:07Speaker 1: legislation to create a new federal agency to regulate and
- 44:10Speaker 1: supervise the financial activity of our housing related government sponsored
- 44:14Speaker 1: enterprises Freddie and Fanny and set prudent and appropriate minimum
- 44:18Speaker 1: capital adequacy requirements. Never happened. In September, also House Financial
- 44:26Speaker 1: Services Committee ranking member Bonnie Frank strongly disagrees with the
- 44:33Speaker 1: administration's assessment, saying, quote, these two entities, Fannie May and
- 44:38Speaker 1: Freddie Mac are not facing any kind of financial crisis.
- 44:43Speaker 1: The more people exaggerate these problems, the more pressure there
- 44:47Speaker 1: is on these companies, and the less we will see
- 44:50Speaker 1: in terms of affordable housing. This is just five years
- 44:56Speaker 1: before Lehman Brothers goes bust, four years before the crisis
- 45:02Speaker 1: starts becoming real, five years before Freddie and Fanny have
- 45:06Speaker 1: to go into receivership. And of course, his bad judgment
- 45:13Speaker 1: all those years, over and over and over again, his
- 45:16Speaker 1: bad judgment ultimately led him to more power and more accolades.
- 45:24Speaker 1: Under the Obama administration, Bonnie Fank basically was put in
- 45:29Speaker 1: charge of creating a financial regulatory bill that passed Congress
- 45:34Speaker 1: in twenty ten with Republican votes that would regulate the
- 45:39Speaker 1: entire financial industry and yet did nothing to break up
- 45:44Speaker 1: Fanny and Freddi, privatize them, do anything. They're still in
- 45:48Speaker 1: receivership to this day. He has his name on that bill.
- 45:55Speaker 1: It's called the Dodd Frank Bill. The Fank is Bonnie. See,
- 46:02Speaker 1: here's the guy who got it wrong over and over
- 46:04Speaker 1: and over and over again. Here's a guy who is
- 46:07Speaker 1: basically corrupt and corrupted by his Vettie and Fanny. It
- 46:16Speaker 1: gets to write the bill.
- 46:19Speaker 3: That basically regulated the entire financial industry in ways that
- 46:25Speaker 3: I will guarantee to you cause the next financial crisis,
- 46:30Speaker 3: the next financial crisis will be.
- 46:32Speaker 1: Caused by the provisions in Dodd Frank. So, no, Barney
- 46:39Speaker 1: Frank was not a good guy. He was not a
- 46:43Speaker 1: good politician. He was not a good congressman. He might
- 46:46Speaker 1: have been a nice guy. He might have been friendly.
- 46:49Speaker 1: I don't know. I have no idea, I don't care.
- 46:52Speaker 1: His lasting legacy in America is the financial crisis of
- 46:56Speaker 1: two thousand and eight and the DoD Frank Bill, which
- 47:00Speaker 1: would generate the next financial crisis. Dot by the way,
- 47:04Speaker 1: a Democratic senator, was also in the pocket of Fettie
- 47:07Speaker 1: and Fanny and a big recipient of campaign contributions from him.
- 47:17Speaker 1: Right now, there was kind of other sleazy stories about
- 47:23Speaker 1: Bonnie Frank. You can look them up. He supposedly ran
- 47:27Speaker 1: a rent boy prostitution ring. But I don't know. I mean,
- 47:33Speaker 1: I don't know if any of those are, you know,
- 47:35Speaker 1: accurate or not. But this stuff on finance is absolutely accurate.
- 47:42Speaker 1: Not a good guy when it comes to finance and
- 47:48Speaker 1: what he did to the American financial industry and the
- 47:55Speaker 1: extent to which he is responsible for what is going on.
- 48:06Speaker 1: All right, just want to set the record straight with
- 48:09Speaker 1: the god of Bonnie. I think it's important to do
- 48:12Speaker 1: I you know, Okay, So, as we talked about yesterday,
- 48:17Speaker 1: Jeff Bezos did this interview and I showed you bits
- 48:20Speaker 1: and pieces of it, and in part of the interview
- 48:23Speaker 1: he claimed that the American tax system was very regressive,
- 48:27Speaker 1: already progressive, sorry, progressive already, but he said we should
- 48:32Speaker 1: make it more progressive by eliminating taxes on basically fifty
- 48:36Speaker 1: percent of Americans. And you know, he basically granted much
- 48:42Speaker 1: of the kind of all outrage against millionaires in terms
- 48:47Speaker 1: of not paying enough taxes and played right into the
- 48:53Speaker 1: hands of his critics. I think, you know, he said
- 49:00Speaker 1: part of what he said was that if his taxes
- 49:06Speaker 1: were raised, that would not help. I don't know a teacher,
- 49:10Speaker 1: a firefighter, whatever in New York City. Well, Mamdani immediately
- 49:15Speaker 1: tweeted afterwards, I know a few teachers in Queens who
- 49:19Speaker 1: would beg to differ. They would love a little bit
- 49:22Speaker 1: more of beezels as money. A lot of economists, economists
- 49:30Speaker 1: in quotation marks, you know, a former economist like Cookman,
- 49:35Speaker 1: came out and put out delusional graphs, made up graphs
- 49:42Speaker 1: that purport to show that, no, we don't have a
- 49:46Speaker 1: progressive tax system at all. It's completely regressive. And there's
- 49:50Speaker 1: a massive debate going on about how progressive or how
- 49:54Speaker 1: regressive it really is. It's pretty progressive. Their argument is, yes,
- 50:00Speaker 1: income taxes is progressive, that is, the rich pay a
- 50:03Speaker 1: higher rate than the poor, But once you encount for
- 50:06Speaker 1: payroll taxes and stayed in local taxes, it's not But
- 50:11Speaker 1: that's simply not true. It's still progressive. And if you
- 50:15Speaker 1: account for the benefits people get in welfare, Medicare, Medicaid,
- 50:23Speaker 1: so security payments and all the rest, if you if
- 50:28Speaker 1: those are us accounted against the taxes, then it's even
- 50:33Speaker 1: no contest. It's a massively progressive tax system. But here's
- 50:38Speaker 1: the point now with debating with Paul Kogman, how we
- 50:44Speaker 1: count taxes and what counts as a measure, and what
- 50:47Speaker 1: is the right way to measure it, and and what's
- 50:50Speaker 1: the right graph? And and who pays what? And there's
- 50:54Speaker 1: this big you know, should besos as ownership of Amazon?
- 51:00Speaker 1: You know, how does that count? And the fact that
- 51:03Speaker 1: Amazon pays such a low corporate tax rate, how does
- 51:06Speaker 1: that count. We're getting into the weeds instead of making
- 51:13Speaker 1: And of course the left is jumping all over this
- 51:16Speaker 1: by saying, you know, of course they should pay higher taxes.
- 51:21Speaker 1: The rich, I mean, these are the people who exploit us,
- 51:27Speaker 1: These are people who take from us. Yeah, they should
- 51:31Speaker 1: give a lot more back, a lot more back. And
- 51:37Speaker 1: the left is all over this, and of course it's
- 51:40Speaker 1: not like, there's a lot of people in MAGA defending billionaires. No,
- 51:44Speaker 1: that's not MAGA at all. They share hatred. A billion
- 51:48Speaker 1: is with the left, you know. And so here's an
- 51:55Speaker 1: example of some guy saying, so you're two hundred and
- 51:57Speaker 1: seventy two billion, and you're giving away less than one
- 52:00Speaker 1: percent to mostly ineffective charities. Maybe that's the real problem. Here,
- 52:05Speaker 1: here's the suggestion, Jeff Pisos, drop the vanity projects, ditch
- 52:09Speaker 1: the Earth Fund, debical fund, the most impractical fund, the
- 52:13Speaker 1: most impactful organizations with the best evidence based interventions, and
- 52:18Speaker 1: you could save tens of millions of lives and make
- 52:21Speaker 1: a massive difference in the fight against some of the
- 52:23Speaker 1: greatest challenges in mad catastrophes we face as a species,
- 52:27Speaker 1: from factory farming to malaria, from tuberculosis to the threat
- 52:31Speaker 1: of the next pandemic. You could start with against malaria
- 52:36Speaker 1: dot com or give directly dot og. And this is
- 52:39Speaker 1: the problem when you say I do more good for
- 52:42Speaker 1: humanity in my forll profit business than I do in
- 52:45Speaker 1: my nonprofit and people say, oh, well, that's because you're
- 52:48Speaker 1: not doing nonprofit right. We have ways for you to
- 52:51Speaker 1: do it right, and you would benefit humanity more based
- 52:55Speaker 1: on how we measure it. You can't defend yourself as
- 53:02Speaker 1: a businessman by saying how much you give to society.
- 53:06Speaker 1: That's what businessmen to be trying to do since the
- 53:09Speaker 1: days of Adam Smith, and it is an overwhelming, unequivocal failure.
- 53:13Speaker 1: It doesn't convince anybody, and it's just because it's non objective.
- 53:21Speaker 1: You have to, even though it's not popular, even though
- 53:24Speaker 1: most people want understand it, even though you'll come into
- 53:28Speaker 1: a lot of heat for this, at least make a
- 53:30Speaker 1: consistent argument about your right to your earning, about the
- 53:34Speaker 1: values you create, you worked at. They're yours. You built it,
- 53:40Speaker 1: nobody else did. Your wealth is yours. It's not societies,
- 53:45Speaker 1: it's not your neighbors. It doesn't belong to politicians. You
- 53:50Speaker 1: don't get all these other people, don't get to decide
- 53:53Speaker 1: what should be done with my wealth. So compromising language
- 54:02Speaker 1: of what's good for society will always backfire, will always
- 54:10Speaker 1: embold in your enemies. It's time we stood on principle
- 54:18Speaker 1: on our right. No my right, I'm not a billionaire.
- 54:21Speaker 1: The billionaires right to their own creation, their right to
- 54:26Speaker 1: their own earnings, their right to decide how to use
- 54:32Speaker 1: their money as they see fit for their own happiness,
- 54:36Speaker 1: for their own life. This is not society's money. It's
- 54:41Speaker 1: not your money. And there's no zero, zilch, nada. This
- 54:47Speaker 1: is where they don't they will never get it. Moral
- 54:50Speaker 1: duty for them to give it away, for them to
- 54:54Speaker 1: give it away. So, as I said yesterday, ultimate not
- 55:00Speaker 1: a good defense. I appreciate the effort, but not a
- 55:02Speaker 1: good defense. You know, Bernie Sanders already said, Hey, my
- 55:08Speaker 1: bill would only text five percent of your wealth. You
- 55:11Speaker 1: still have above two hundred billion dollars of wealth. What's
- 55:14Speaker 1: the big deal if I text five percent of it
- 55:16Speaker 1: and we could do a lot of money, a lot
- 55:18Speaker 1: of stuff with that money. Again, if the standard is society,
- 55:23Speaker 1: then now it's just an argument about Okay, we got
- 55:26Speaker 1: we got the pie. How do we deveat up? But
- 55:30Speaker 1: it's not your pie. Get your hands off from my pie.
- 55:34Speaker 1: It's mine. I produced it, I created, I made it.
- 55:40Speaker 1: All right. Government has a limited number of things that
- 55:43Speaker 1: it exclusively can do and should do. Willing to fund
- 55:48Speaker 1: that everything else, keep your hands off, leave me alone.
- 55:58Speaker 1: So yeah, I mean, it's sad, but this is the
- 56:03Speaker 1: reality and of the way he's being attacked. But it's
- 56:06Speaker 1: completely predictable. I predicted it yesterday. All right, let's talk
- 56:12Speaker 1: about the problem of Islamism. You know, we've talked about
- 56:19Speaker 1: this many times that you know, Europe does have objectively
- 56:23Speaker 1: a real problem of Islamic immigration and a real problem
- 56:28Speaker 1: of those Muslims not assimilating and many of them advocating
- 56:33Speaker 1: for jihad and for Sharia law and for the destruction
- 56:36Speaker 1: of the societies in which they live. And one of
- 56:42Speaker 1: my arguments has always been, well, one of the ways
- 56:46Speaker 1: you get them to assimilate is you penalize them for
- 56:53Speaker 1: the bad things that they do when they break the law.
- 56:55Speaker 1: You you really throw the book at them, You make
- 57:00Speaker 1: them suffer. You make it clear to them that their
- 57:06Speaker 1: behavior is unacceptable, the barbaric behavior that maybe they're bringing in.
- 57:15Speaker 1: And you also have to make clear it's just an
- 57:20Speaker 1: act of self esteem, that you will not succumb to
- 57:22Speaker 1: Sharia law, you will not give in, that you will
- 57:27Speaker 1: not accept defeat, that you will not accept jihad, and
- 57:35Speaker 1: that people who are advocating for the violent overthrow of
- 57:38Speaker 1: existing governments in Europe will find themselves thrown out of
- 57:43Speaker 1: the country. But nobody listens to me. I mean, you
- 57:52Speaker 1: guys do, But not enough of you, no influential enough.
- 57:57Speaker 1: I read this, I read a number of stories you know,
- 58:02Speaker 1: the last few days. They just show the extent of
- 58:06Speaker 1: which Europe is insane, literally actively committing suicide. So here's
- 58:18Speaker 1: the case of Muhammad Bakali. Mohammed Bakali was the mastermind,
- 58:27Speaker 1: the mastermind behind one of the most devastating terrorist attacks
- 58:32Speaker 1: in European history. In November twenty fifteen, at the Buttakalan
- 58:42Speaker 1: Theater in Paris, two men stormed the fifteen hundred person
- 58:48Speaker 1: theater where a concert was in progress. They fired their
- 58:54Speaker 1: weapons and discriminately people. They hunted them down because people
- 58:59Speaker 1: cowered in our officers and cupboards. They even executed those
- 59:03Speaker 1: who lay on the floor pretending to be dead. They
- 59:09Speaker 1: raped and mutilated some of their victims. One hundred and
- 59:14Speaker 1: thirty people died that day. Hundreds were injured. One hundred
- 59:19Speaker 1: and thirty people died. Mohammed Bakhali is a Moroccan Belgium
- 59:24Speaker 1: who was behind this attack and others that took place
- 59:28Speaker 1: the same night other venues was attacked. He had rented
- 59:33Speaker 1: safe houses provided cause for the Islamic State cell. He
- 59:39Speaker 1: knew exactly what was happening and he facilitated it. He
- 59:44Speaker 1: went to trial in twenty twenty two in Paris and
- 59:47Speaker 1: was sentenced to thirty years for his role. Now I
- 59:49Speaker 1: don't understand thirty years. I mean, this is a classic
- 59:54Speaker 1: case where you throw away the key, multiple life sentences,
- 1:00:00Speaker 1: never get out of jail. But it's fans, it's Europe.
- 1:00:07Speaker 1: But it turns out he was also extradited to Belgium
- 1:00:12Speaker 1: to face trial, and the condition for the extradition was
- 1:00:19Speaker 1: of fans that he served any sentences in a Belgium prison. Anyway,
- 1:00:27Speaker 1: He's now served four years, but on eleventh of May,
- 1:00:33Speaker 1: a Belgium court granted him the right to leave six
- 1:00:37Speaker 1: times for thirty six hours each. They cited his good
- 1:00:45Speaker 1: behavior and rehabilitation. It's a good chance that if he
- 1:00:54Speaker 1: continues this good behavior and rehabilitation, he might actually be
- 1:01:01Speaker 1: freed way before the thirty years. Up here's an Islamist
- 1:01:11Speaker 1: who facilitated the murder of one hundred and twenty nine people,
- 1:01:14Speaker 1: but potentially the intent was thousands. A brutal, barbaric, maniac, evil, evil,
- 1:01:27Speaker 1: evil human being who should not be allowed ever outside
- 1:01:32Speaker 1: of a prison. So and Europeans in this case to
- 1:01:39Speaker 1: Belgium's are probably gonna let him out now. The French apoplectic.
- 1:01:47Speaker 1: The French are furious, and hopefully they'll put pressure on
- 1:01:50Speaker 1: the Belgium not to do this and maybe send him
- 1:01:53Speaker 1: back to France where he can serve the thirty years.
- 1:01:56Speaker 1: But just the fact that anybody would consider this, this
- 1:02:02Speaker 1: is not how you deter Islam. This is not how
- 1:02:06Speaker 1: you deter homicidal mediacs jihadis. This is not how you
- 1:02:13Speaker 1: assure your self esteem as a civilization. This is complete
- 1:02:18Speaker 1: capitulation and defeat in the face of the Islamists. Come
- 1:02:22Speaker 1: take your appt yours. We won't do anything to stop you.
- 1:02:30Speaker 1: It's disgusting and to speak up at the same time,
- 1:02:37Speaker 1: an Arkaeda terrorist who is suspected of the seven to
- 1:02:40Speaker 1: seven London bombing being the mastermind behind it, right, this
- 1:02:44Speaker 1: is the July seventh, two thousand and what was it
- 1:02:48Speaker 1: five four? It was not long after nine eleven he
- 1:02:53Speaker 1: was linked to the killings. He was found with bomb
- 1:02:55Speaker 1: making material there was sentenced in the US for supporting
- 1:02:58Speaker 1: al Qaeda. Well. He's been quietly released early from a
- 1:03:05Speaker 1: UK psychiatric prison last year, despite warning some police and
- 1:03:14Speaker 1: security services there remained a major threat. A judge ruled
- 1:03:20Speaker 1: that his schizophrenia had improved and its stricter monitoring could
- 1:03:25Speaker 1: violate mental health protections because mental health is more important
- 1:03:31Speaker 1: than the murderous rampage that was committed because of him.
- 1:03:39Speaker 1: Meant to remind you the bombing in London resulted in
- 1:03:42Speaker 1: fifty two people murdered, over eight hundred wounded. Now they're
- 1:03:48Speaker 1: letting him go. I mean, it's just unimaginable. But this
- 1:03:59Speaker 1: is exactly the oppos of what you need to do,
- 1:04:01Speaker 1: exactly the opposite of what Europe needs to do. I mean,
- 1:04:04Speaker 1: it's easy to yell no more immigrants, no more immigration,
- 1:04:08Speaker 1: we hate immigrants, which is what they do. How about
- 1:04:11Speaker 1: just clamping down on the crazies you already have. It's
- 1:04:19Speaker 1: not just in Europe. Reading from a post by Colin Wraid,
- 1:04:24Speaker 1: it tell us on the FBI Most Wanted List was
- 1:04:26Speaker 1: sitting on the board of an American nonprofit. I mean,
- 1:04:31Speaker 1: there is vastly slammist influenced network in America. It's coordinated
- 1:04:38Speaker 1: through Care, the Center for something something I can't remember
- 1:04:44Speaker 1: what it stands for, care c Air California. This one
- 1:04:47Speaker 1: is k California. Care receives more than four hundred million
- 1:04:51Speaker 1: dollars in public money, even as it has Hamas links
- 1:04:58Speaker 1: that are being documented in congressional testimony. The actual Secretary
- 1:05:06Speaker 1: General of Palestinian Islamic Jihad Palestinian Islamic Jihad, an FBI
- 1:05:11Speaker 1: most Wanted terrorist sanctioned by the US Treasury, was simultaneously
- 1:05:14Speaker 1: sitting on the board of an American nonprofit. This is
- 1:05:18Speaker 1: all document in public filings. After federal prosecutors exposed the network,
- 1:05:23Speaker 1: it just rebranded under a new organizational name. When many
- 1:05:27Speaker 1: of the same people regaining nonprofit protection Camp Florida then
- 1:05:33Speaker 1: work closely with this network, inviting convicted members and terror
- 1:05:37Speaker 1: financiers to its annual gala, dismissing their terrorism conviction as baseless,
- 1:05:42Speaker 1: and featuring them in fundraising videos. I mean, how can
- 1:05:48Speaker 1: the United States allow organizations like care who clearly support
- 1:05:53Speaker 1: terrorism and advocate for terrorists to exist and thrive in
- 1:05:58Speaker 1: this country. This isn't how you assimilate Muslims. This isn't
- 1:06:03Speaker 1: how you deal with the problem of Muslim immigration. This
- 1:06:13Speaker 1: is how you surrender. And here's one from the UK again.
- 1:06:20Speaker 1: Remember the rape gangs. The rape gangs, Well, the Daily
- 1:06:25Speaker 1: Mail had this headline Asian grooming gang who raped and
- 1:06:29Speaker 1: sexually abused girls as young as twelve a jailed for
- 1:06:34Speaker 1: more than two hundred and seventy years. Well, that sounds like, okay,
- 1:06:38Speaker 1: they got multiple life sentences and they're going to be
- 1:06:40Speaker 1: there forever. But it turns out the two hundred seventy
- 1:06:45Speaker 1: years is just aggregating the sentences of each one of
- 1:06:54Speaker 1: twenty different rapists. So on average they got around I
- 1:07:02Speaker 1: don't know, twelve years twelve years for raping little girls
- 1:07:09Speaker 1: hundreds of times over many years. And of course, with
- 1:07:15Speaker 1: a way, you know, good behavior and rehabilitation and all
- 1:07:19Speaker 1: that that they'll be out in less than ten years.
- 1:07:24Speaker 1: This is not the rule of law. This is the
- 1:07:27Speaker 1: rule of thugs. This is allowing rapists and murderers and
- 1:07:32Speaker 1: the worst human beings on the planet to get away
- 1:07:36Speaker 1: with rape and murder not pay for their crimes. It's disgusting.
- 1:07:46Speaker 1: And if you want to know how to deal with
- 1:07:50Speaker 1: the Muslims in Europe, you start by putting them in jail,
- 1:07:56Speaker 1: the ones that are criminals, the ones that have done
- 1:07:59Speaker 1: these horrifics, throwing away the keys, not by giving them
- 1:08:06Speaker 1: cushy sentences and allowing them back into the streets. And
- 1:08:11Speaker 1: here's the irony. At the same time as that is happening,
- 1:08:16Speaker 1: Israel actually has a list of thousands of terrorists who
- 1:08:22Speaker 1: participated in October seventh massacre, and they are working systematically
- 1:08:30Speaker 1: to either eliminate them or capture them. They're regularly assassinating
- 1:08:37Speaker 1: Palestinians in Gaza who in one way or another participated
- 1:08:41Speaker 1: in October seventh massacre. Hundreds of others have been already
- 1:08:48Speaker 1: captured as sitting in Israeli jails. There's a big story
- 1:08:53Speaker 1: about this in the Wall Street Journal, Inside Israel's high
- 1:08:56Speaker 1: tech campaign to kill or capture every October seventh attacker,
- 1:09:00Speaker 1: every single one of them. Now this is what's called justice.
- 1:09:08Speaker 1: But if you read the article, the article reads kind
- 1:09:11Speaker 1: of critically, I mean, why aren't these people all facing
- 1:09:16Speaker 1: a trial in front of a jury, and is the
- 1:09:19Speaker 1: death penalty really warranted for everybody? And should a state
- 1:09:24Speaker 1: be assassinating at the scale? And then it says, do
- 1:09:28Speaker 1: you remember when they did this to the terrorists who
- 1:09:31Speaker 1: killed the Munich athletes and they went around the world
- 1:09:34Speaker 1: and assassinated all the people responsible for that? Was that right?
- 1:09:39Speaker 1: And you know there was even a movie made by
- 1:09:41Speaker 1: Steven Spielberg called Munich, which kind of questioned the morality
- 1:09:45Speaker 1: of assassinating the terrorsts responsible for the killing of the
- 1:09:49Speaker 1: Munich athletes. This is the exact weakness of the West,
- 1:10:00Speaker 1: the weakness that will allow the Islamists to be successful,
- 1:10:05Speaker 1: at least be successful in killing more Westerners. I don't
- 1:10:08Speaker 1: think they'll ever win the war, but they can certainly
- 1:10:11Speaker 1: win many battles and cause many casualties in the process.
- 1:10:17Speaker 1: The West has to stand foam not just against not
- 1:10:21Speaker 1: against Muslims, but against those who would use Islam to
- 1:10:27Speaker 1: justify their violence, against murderers and rapists, against people who
- 1:10:33Speaker 1: refuse to accept Western civilization, refuse to accept civilization and
- 1:10:41Speaker 1: continue to behave like barbarians. Well, they should be treated
- 1:10:46Speaker 1: like the barbarians they are, whether that means locking them
- 1:10:50Speaker 1: up forever or whether that means deporting them back to
- 1:10:53Speaker 1: where they came from. They cannot be allowed to continue
- 1:10:58Speaker 1: their barbaric behavior in the West. How do you fix it?
- 1:11:07Speaker 1: I don't know if it's possible, given the state of
- 1:11:10Speaker 1: the West. What are you going to do? Go go
- 1:11:12Speaker 1: and re educate all these judges. I mean, I think
- 1:11:16Speaker 1: it'll fix itself. With the rise of right wing political parties,
- 1:11:22Speaker 1: in Europe, they'll have solutions. Whether those solutions are good
- 1:11:30Speaker 1: is dubious. Whether they throw the baby out with the
- 1:11:33Speaker 1: bath water is probable. You'll get solutions like right now
- 1:11:37Speaker 1: in the United States, stop all immigration not a good solution.
- 1:11:47Speaker 1: But at some point they'll violate rights on a massive
- 1:11:49Speaker 1: scale to get rid of these bastards. But by then
- 1:11:53Speaker 1: that'll have to violate a lot of people's rights in
- 1:11:55Speaker 1: order to do it, whereas now it could be done
- 1:11:57Speaker 1: relatively easier. And name says I like tougher on crime,
- 1:12:06Speaker 1: You're on. I've always been tough on crime and terrorism.
- 1:12:11Speaker 1: Violence is not to be forgiven. I'm not a turn
- 1:12:16Speaker 1: out of the cheek. Love your enemy, absolutely not. I
- 1:12:20Speaker 1: reject Christianity and I reject that feature of Christianity more
- 1:12:24Speaker 1: than anything. And when it comes to you want to
- 1:12:32Speaker 1: fight jihadis, you want to fight the Islamic takeover of Europe,
- 1:12:37Speaker 1: the way to do it is get really, really tough
- 1:12:42Speaker 1: on the people committing these crimes. All right, That, my friends,
- 1:12:54Speaker 1: is the news for this fighting May twenty second. Yesterday
- 1:13:01Speaker 1: it was a great day for super chatting. Today again,
- 1:13:05Speaker 1: what is up with this roller coaster you guys are
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- 1:14:04Speaker 1: else did I want to tell you? I want to
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- 1:16:50Speaker 1: That will be great. All right, let's start with our
- 1:16:53Speaker 1: super chat. Liam is here with fifty dollars. Thank you. Liam.
- 1:16:57Speaker 1: Not a lot of questions, guys, so if you want
- 1:16:59Speaker 1: to ask a question today, jump in because I'm going
- 1:17:04Speaker 1: to be done pretty quickly here, so don't wait with
- 1:17:07Speaker 1: your question. Now is the time. Let's let's start with Liam. Liam,
- 1:17:14Speaker 1: what is going on here? Right? Let's start with Liam.
- 1:17:19Speaker 1: I live around a lot of wealthy lefties. He says,
- 1:17:22Speaker 1: they will turn on socialism once it really affects them,
- 1:17:26Speaker 1: and they sport kids. These people are hard working and
- 1:17:32Speaker 1: talented and like having nice things, even if they evade
- 1:17:36Speaker 1: where it comes from when it comes to politics. Yes,
- 1:17:39Speaker 1: but what will they replace their socialism with It's not
- 1:17:42Speaker 1: like they'll replace it with a devotion to capitalism that
- 1:17:47Speaker 1: just never happens. They'll still want it, just a little
- 1:17:51Speaker 1: bit less of it. It kept my texts a little bit.
- 1:17:55Speaker 1: You don't need to take that much from me, and hey,
- 1:18:00Speaker 1: you know you can. Here's money to spend more money
- 1:18:03Speaker 1: on those government schools, as long as I get to
- 1:18:06Speaker 1: keep sending my kids to private school. But if you
- 1:18:08Speaker 1: do way with private education, then they'll get upset. So
- 1:18:13Speaker 1: I agree. There's a lot of people who don't really
- 1:18:15Speaker 1: think their altruism leads them towards supporting a kind of
- 1:18:21Speaker 1: a leftist agenda. They don't really think it through. They
- 1:18:26Speaker 1: think they're doing the right thing, the moral thing, the
- 1:18:29Speaker 1: just thing. When it hurts them, they then change their
- 1:18:36Speaker 1: mind about particularly concretes, but it doesn't fundamentally change what
- 1:18:41Speaker 1: they believe in in any kind of ways. So they
- 1:18:43Speaker 1: become a little, you know, a little different mixture in
- 1:18:48Speaker 1: the mixed economy, little different mixture, thanks Liam. But yes,
- 1:18:55Speaker 1: in that sense, there's a pendulum in a sense that
- 1:18:58Speaker 1: once a lot of these vote is realize what they've done,
- 1:19:02Speaker 1: they flip back towards the center. But they never flip
- 1:19:06Speaker 1: all the way and they never do anything on principles.
- 1:19:09Speaker 1: It's pure pragmatism. Here's a question I have from It's
- 1:19:15Speaker 1: not a super chat, but it's from one of my
- 1:19:17Speaker 1: students from the capitalism course at the University of University
- 1:19:23Speaker 1: of Austin. It's so I'm gonna he send me an
- 1:19:29Speaker 1: email with this question, and I think instead of writing
- 1:19:31Speaker 1: him a long email, I'll answer it here. It's easier
- 1:19:34Speaker 1: for me to do verbally anyway. Here's here's the question.
- 1:19:39Speaker 1: I was curious about how I'm mean or you would
- 1:19:42Speaker 1: think about broken window theory. I'll speaker yesterday evening this
- 1:19:46Speaker 1: is at the university. Charles faine Lehmann discussed how public
- 1:19:51Speaker 1: disorder is a phenomenon in which individuals dominate public space
- 1:19:55Speaker 1: with their private interests, for example, playing music loudly on
- 1:19:58Speaker 1: the street corner, sleeping on a park bench. This disorder
- 1:20:02Speaker 1: starts a snowball that grows and creates an environment more
- 1:20:06Speaker 1: conductive to serious crime. The speaker noted that there is
- 1:20:10Speaker 1: a stigma with which bystanders will look the other way
- 1:20:14Speaker 1: at this disorder, for it is found upon to be
- 1:20:19Speaker 1: a Karen and care too much about a small incident
- 1:20:23Speaker 1: that doesn't have an immediate effect seemingly have an immediate
- 1:20:26Speaker 1: effect on crime. I was trying to think of these
- 1:20:30Speaker 1: scenarios in the world of public and private property, but
- 1:20:33Speaker 1: it seems I need some help to understand Rand's philosophy
- 1:20:37Speaker 1: on how public disorder should be dealt with. As far
- 1:20:41Speaker 1: as I can tell, because disorder infringes on another's right
- 1:20:45Speaker 1: to pursue their interest, then it should be punished. Isn't
- 1:20:49Speaker 1: this clear In the case of a homeless man sleeping
- 1:20:52Speaker 1: on a park bedge, which doesn't directly cause me any
- 1:20:55Speaker 1: harm or prevent me in pursuing my interests in any
- 1:21:00Speaker 1: any other citizens sitting on that bench would prevent me
- 1:21:04Speaker 1: from using the bench the same way. Do you have thoughts? Yeah,
- 1:21:11Speaker 1: So here's the thing. Imagine a world in which all
- 1:21:17Speaker 1: property is private, and you should always start with that
- 1:21:20Speaker 1: world kind of with the idea, with the Eynman's ideal.
- 1:21:22Speaker 1: Her definition of capitalism is a world in which the
- 1:21:26Speaker 1: government protects individual rights and all private all property is private.
- 1:21:34Speaker 1: That's a paraphrasing of a definition right. And you know
- 1:21:43Speaker 1: the So what would happen in a world like that? Well,
- 1:21:47Speaker 1: could you just stand on somebody's property and play loud music.
- 1:21:52Speaker 1: I mean for two reasons. No one is the person
- 1:21:57Speaker 1: who owned the property would have a say into how
- 1:21:59Speaker 1: loud your muse. It could be they could have, you know, restrictions.
- 1:22:06Speaker 1: You want to be on my property, you want to
- 1:22:08Speaker 1: walk on my sidewalk, you want to be in my
- 1:22:10Speaker 1: park under these terms. And in that sense there would
- 1:22:18Speaker 1: be an implicit contract. So maybe between so now is
- 1:22:22Speaker 1: maybe not can you sleep on the bench. Well maybe
- 1:22:27Speaker 1: some private owners would say, sure, you can do it,
- 1:22:30Speaker 1: then it's okay, But most private owners would say, no,
- 1:22:34Speaker 1: it's my benches. This is not a place to sleep.
- 1:22:37Speaker 1: I've intended these benches in this park for people to
- 1:22:39Speaker 1: be able to sit and you know, and have a
- 1:22:42Speaker 1: good time and walk around and you know, not have
- 1:22:47Speaker 1: a bench occupied by somebody sleeping, or not have a
- 1:22:49Speaker 1: bench occupied by somebody so smelly, then anybody can't come
- 1:22:53Speaker 1: anywhere near them. So you know, in private property, if
- 1:23:03Speaker 1: all property was private, then there would be wolves. There
- 1:23:08Speaker 1: would be contractual wolves in terms of how you behave Now,
- 1:23:13Speaker 1: in terms of the loud music, there's another issue, and
- 1:23:16Speaker 1: that is by playing loud music, certainly at certain times
- 1:23:19Speaker 1: of night, you're infringing on the rights of the people
- 1:23:25Speaker 1: in their homes, and it's a physical infringement. I can't
- 1:23:29Speaker 1: block out you know, your your your music is literally
- 1:23:34Speaker 1: hitting me physically, and therefore it's a it's a violation
- 1:23:39Speaker 1: of my right as your neighbor. So again, you'd have
- 1:23:48Speaker 1: to consider that in a in a true free market,
- 1:23:52Speaker 1: where everything's privately owned, none of this behavior would be
- 1:23:55Speaker 1: allowed on private land, and all land would be private. Now,
- 1:24:01Speaker 1: what happens when we include what's called public property, that
- 1:24:04Speaker 1: is property and nominally owned by the government. Well, in
- 1:24:10Speaker 1: those circumstances, one has to treat that property as if
- 1:24:17Speaker 1: the government were private entity. That is, the fact that
- 1:24:21Speaker 1: it is public property, but would in a truly fee
- 1:24:26Speaker 1: society be private. Doesn't mean that there are no rules
- 1:24:31Speaker 1: in this property. Anything goes in this property. It means
- 1:24:36Speaker 1: that the governing authority over the property in this case,
- 1:24:41Speaker 1: the local government, gets to set the rules, and they
- 1:24:46Speaker 1: should set rules that are comparable to the rules that
- 1:24:52Speaker 1: would be reasonably set by a private owner. That's why
- 1:24:57Speaker 1: it's not okay homeless people to sleep on sidewalks. In
- 1:25:05Speaker 1: no private world would that be allowed. Now, if they're
- 1:25:10Speaker 1: outside on the fringes of the town away from people. Okay, maybe,
- 1:25:20Speaker 1: but where they're actually interfering with people's ability to walk
- 1:25:24Speaker 1: in the sidewalk, that's what it's there for. It's for walking,
- 1:25:27Speaker 1: not for sleeping. Infringing on the people's ability to go
- 1:25:30Speaker 1: into shops and engage in voluntary transactions, then the government
- 1:25:35Speaker 1: needs to clear them out. They need to be city
- 1:25:40Speaker 1: ordinances in terms of noise and in terms of sleeping
- 1:25:45Speaker 1: on benches, and that need to be prevented. So the
- 1:25:51Speaker 1: reason to do it is not the broken window theory,
- 1:25:55Speaker 1: although I think the broken window theory is true, but
- 1:25:58Speaker 1: it's basic rule of law, basic respect for private property,
- 1:26:04Speaker 1: basic respect for the individuals using the park, the individuals
- 1:26:09Speaker 1: that are that are using the pavement, the individuals living
- 1:26:12Speaker 1: in these neighborhoods. It's their rights that you're protecting by
- 1:26:18Speaker 1: clearing them out of this obnoxious behavior. It's also true
- 1:26:25Speaker 1: that when the police look the other way over minor
- 1:26:29Speaker 1: infringements of the law, that only emboldens the criminals. This
- 1:26:37Speaker 1: is the broken window theory. The broken window theory is
- 1:26:41Speaker 1: that when police don't follow through with the small stuff,
- 1:26:46Speaker 1: somebody breaks a window and property rights are being violated.
- 1:26:51Speaker 1: And you don't go after that cook, You don't go
- 1:26:53Speaker 1: after that kid or that thug, or somebody sleeps on
- 1:26:58Speaker 1: the bench. So somebody does graffiti on private wall and
- 1:27:02Speaker 1: you let them get away with it. You're just encouraging
- 1:27:06Speaker 1: the bad guys, and that encouragement, that leniency ultimately leads
- 1:27:11Speaker 1: to most serious crimes. But that's kind of a utilitarian
- 1:27:16Speaker 1: reason to do it. The real reason to do it
- 1:27:18Speaker 1: is justice and respect for property. The general principle is
- 1:27:22Speaker 1: you need to treat quote, public property is if it
- 1:27:26Speaker 1: was private, and in that sense, the same is true
- 1:27:29Speaker 1: by the way of demonstrations. I'm against demonstrations that infringe
- 1:27:35Speaker 1: on my ability to use the streets to go to
- 1:27:38Speaker 1: the park and have a picnic with my kids, and
- 1:27:41Speaker 1: suddenly the masses of people that I don't know yelling
- 1:27:44Speaker 1: and screaming about the thing that they don't like. You
- 1:27:53Speaker 1: treat it as private property, and you know, you need
- 1:27:56Speaker 1: an explicit approval of a private property owner, and you know,
- 1:28:03Speaker 1: given that there's no private property owner, they don't have permission.
- 1:28:05Speaker 1: They shouldn't be allowed to do it. Hopefully that is helpful.
- 1:28:16Speaker 1: All right, All right, let's see go back to super
- 1:28:22Speaker 1: chat questions. About forty two dollars short of our first
- 1:28:26Speaker 1: hour goal. Let's please try to get the first hour goal.
- 1:28:30Speaker 1: We're probably going to go into our third hour, well
- 1:28:32Speaker 1: into our second. All right, Michael, A bill just passed
- 1:28:36Speaker 1: the House. We've we've re reventing preventing preventing blackrock from
- 1:28:46Speaker 1: buying homes. Will it pass the Senate? Will Trump pursue
- 1:28:50Speaker 1: a more socialist anti corporate agenda the remainder of his
- 1:28:53Speaker 1: tomb I think this villa has already passed the Senate.
- 1:28:56Speaker 1: There's slight differences between OL's version and the Senate version.
- 1:29:00Speaker 1: They will reconcile them, and this bill will pass and
- 1:29:03Speaker 1: Trump will sign it. It was part of Trump's promises
- 1:29:06Speaker 1: of the campaign trail, and this is something he wants
- 1:29:10Speaker 1: to do, something he believes in. This is kind of
- 1:29:12Speaker 1: the socialist fascist intervention that he is very fond of,
- 1:29:17Speaker 1: and you know he's in some areas he has a
- 1:29:22Speaker 1: very socialist anti corporate agenda. We talked yesterday about the
- 1:29:26Speaker 1: fact that they just invested in IBM. The government is
- 1:29:28Speaker 1: now an owner of IBM stock, as well as nine
- 1:29:32Speaker 1: other quantum computing companies.
- 1:29:37Speaker 4: That's socialism, most socialism than the socialist presidents we've had
- 1:29:43Speaker 4: in the past, So you want to call them communists,
- 1:29:47Speaker 4: but not Trump on what basis?
- 1:29:49Speaker 1: On what basis? Michael? How big an army could you
- 1:29:55Speaker 1: must if we had to organize a revolution ten thousand people? Oh,
- 1:30:01Speaker 1: I don't know where would I get five thousand, five
- 1:30:06Speaker 1: thousand or willing to take up arms? I don't think so.
- 1:30:09Speaker 1: I don't think I could give five thousand, partially because
- 1:30:12Speaker 1: why would you start a revolution when you know you're
- 1:30:14Speaker 1: going to lose? And I think everybody today would know
- 1:30:18Speaker 1: what you're going to lose, So it's not even it's
- 1:30:21Speaker 1: not even a long shot. So no, I couldn't muster anybody.
- 1:30:27Speaker 1: So army is to be mustered only when there's some
- 1:30:30Speaker 1: chance of winning, and there's no chance of winning right now.
- 1:30:35Speaker 1: Not javiage, I'll go with them. Happy sixty fifth birthday.
- 1:30:38Speaker 1: Oh you guys know tomorrow officially I'll be a senior.
- 1:30:44Speaker 1: I will be sixty five tomorrow. It's pretty traumatic. I
- 1:30:50Speaker 1: have to admit. How much do you get from social
- 1:30:53Speaker 1: security if you started collecting now? Is it significantly more
- 1:30:58Speaker 1: if you wait until seventy What if the world collapsed
- 1:31:01Speaker 1: by then? Why would I tell you how much I
- 1:31:07Speaker 1: might collect on SO Security, I don't. I don't know.
- 1:31:09Speaker 1: That strikes me. There's a bit of an intrusive question,
- 1:31:13Speaker 1: you know, asking me how much money I make or
- 1:31:15Speaker 1: how much money I get from this so so that.
- 1:31:17Speaker 1: So I don't know. I haven't looked it up recently,
- 1:31:21Speaker 1: but I you know, in terms of percentages, I think
- 1:31:23Speaker 1: I would make about a third more if I collected
- 1:31:28Speaker 1: seventy two, which I think is the last year you
- 1:31:30Speaker 1: can start collecting. So it's it's a significant amount. I've
- 1:31:35Speaker 1: done the math. Assuming Social Security still pays, assuming they
- 1:31:39Speaker 1: don't change it for me, then I will I will
- 1:31:43Speaker 1: do I will do better by waiting than by getting
- 1:31:48Speaker 1: it now. Yeah, I guess if I was sort of funds,
- 1:31:52Speaker 1: if you know, I'd have to think, if I was
- 1:31:56Speaker 1: withdrawing from saving, would it be better to collect so
- 1:32:00Speaker 1: city rather than withdrawal from saving. Maybe. So far I
- 1:32:04Speaker 1: haven't had to, but but it's close.
- 1:32:07Speaker 4: Uh.
- 1:32:07Speaker 1: You know, I survive on the your super chats, for example,
- 1:32:10Speaker 1: so it you know, I've survived on my speaking and
- 1:32:13Speaker 1: my teaching and all this stuff and the show. So far,
- 1:32:17Speaker 1: I haven't had to withdraw on savings. But if I
- 1:32:20Speaker 1: if I needed to then I'd have to recalculate whether
- 1:32:23Speaker 1: it was worth collecting so security now or not. Thank
- 1:32:31Speaker 1: you for the happy birthday. James, has Bezos read Rand?
- 1:32:36Speaker 1: It seems like most billionaires who read Rand only gained
- 1:32:38Speaker 1: some perficial inspiration from her writing. Maybe Blake Shows became
- 1:32:42Speaker 1: a famous billionaire. He'll be the first to make that difference.
- 1:32:46Speaker 1: It would be great if Blake Shows became a billionaire. Yes,
- 1:32:49Speaker 1: and because he knows the philosophy, he knows it well.
- 1:32:52Speaker 1: And you know, Bezos has read iron Rand as far
- 1:32:56Speaker 1: as I can tell, as far as people have told
- 1:32:58Speaker 1: me he has read it. He knows something about it.
- 1:33:01Speaker 1: But it only goes so deep. You're right, it's superficial
- 1:33:07Speaker 1: Ian Any new K drama recommendations? Unfortunately, No, I haven't
- 1:33:11Speaker 1: seen any. Haven't seen any. I know you guys are
- 1:33:16Speaker 1: recommended some I haven't tried them yet. I should probably
- 1:33:20Speaker 1: do a K K K drama soon because I'm running
- 1:33:24Speaker 1: out of other kind of TV to watch. All right,
- 1:33:29Speaker 1: last few questions, Roman, how can we divorce political from
- 1:33:36Speaker 1: economic power in the courts? How to make sure a
- 1:33:39Speaker 1: wealth gap doesn't translate into justice gap? Well, because you
- 1:33:43Speaker 1: have you know, you have the ability to appeal. You
- 1:33:47Speaker 1: have juries, who why would they be swayed by your money.
- 1:33:51Speaker 1: Quite the contrary, you have a system of law that
- 1:33:56Speaker 1: prevents it, and you could be persecuted for for bribery
- 1:34:01Speaker 1: and fraud if you try to influence people. Uh So,
- 1:34:07Speaker 1: a solid system of law and a system of appeal
- 1:34:13Speaker 1: and and and a real commitment to the rule of
- 1:34:16Speaker 1: law would prevent kind of the kind of corruption that
- 1:34:21Speaker 1: people with economic power could have. It's not clear who
- 1:34:26Speaker 1: they would bribe. You know, you need a pay judge
- 1:34:29Speaker 1: as well, and you need to make sure juries work appropriately,
- 1:34:35Speaker 1: and you got to pay prosecute as well. You've got
- 1:34:37Speaker 1: you got to pay the system. Well, so they're not
- 1:34:40Speaker 1: susceptible to bribes. And look look if they if they
- 1:34:43Speaker 1: if everybody's corrupt, if everybody is bribable, easily bibable, then yeah,
- 1:34:49Speaker 1: any system will collapse. Any system is dependent on the
- 1:34:54Speaker 1: willingness and and motivation of the people to abide by it,
- 1:34:58Speaker 1: the people who are running it. Roman says and kepts
- 1:35:07Speaker 1: things the competition between private security companies would yield a
- 1:35:10Speaker 1: better product than a state monopoly on the use of force, thoughts, Well,
- 1:35:15Speaker 1: I mean it depends what product you're manasuring. What is
- 1:35:17Speaker 1: the product that they're measuring. If the product is violence,
- 1:35:22Speaker 1: then yeah, you would get much better, more efficient violence.
- 1:35:25Speaker 1: You would get constance civil war. If that is what
- 1:35:29Speaker 1: you want, then competing private police forces are fine, because
- 1:35:33Speaker 1: what you're basically saying is we have now legitimized competition
- 1:35:37Speaker 1: in force. Well, what does competition in force look like? Well,
- 1:35:42Speaker 1: it looks like a It looks like a boxing ring
- 1:35:45Speaker 1: without a referee, because the referee is there's some third
- 1:35:48Speaker 1: party entity, and that third party entity is gone. So
- 1:35:51Speaker 1: you just have people who are punching each other and
- 1:35:55Speaker 1: the strongest will win, or there'll be a you know,
- 1:35:58Speaker 1: if there's no clear strongest, they'll just be ongoing warfare constantly.
- 1:36:03Speaker 1: What stops them from fighting, what stops them from shooting
- 1:36:07Speaker 1: at each other? What disciplines them? Not much? Nothing. Indeed,
- 1:36:18Speaker 1: if you really think about it, a marketplace, part of
- 1:36:22Speaker 1: what characterizes a marketplace is the fact that we've extracted
- 1:36:28Speaker 1: force from it. So when I go to the shopkeeper,
- 1:36:32Speaker 1: when I haggle over the price of the vegetables or
- 1:36:34Speaker 1: whatever it is that I'm buying, we understand that force
- 1:36:40Speaker 1: is not a player. That everything that happens here is
- 1:36:44Speaker 1: voluntary and that forces being extracted from the community, from
- 1:36:48Speaker 1: the from the from the marketplace. That is, that's how
- 1:36:50Speaker 1: the marketplace functions. If force is part of the marketplace,
- 1:36:55Speaker 1: there is no marketplace. I'm not going to sell my
- 1:36:58Speaker 1: wares if the guy buying them can pull out a
- 1:37:01Speaker 1: gun and just take them. So, you know, force is
- 1:37:12Speaker 1: not something that you create a marketplace around. It is
- 1:37:16Speaker 1: the thing you extract in order for that to be
- 1:37:19Speaker 1: a marketplace to begin with. A marketplace and force is
- 1:37:24Speaker 1: a contradiction in terms. A marketplace and force is war,
- 1:37:30Speaker 1: basically civil war. Roman Protecting the individual rights can be
- 1:37:38Speaker 1: achieved through different methods, innovative and cost efficient ways might
- 1:37:42Speaker 1: escape a sluggish state's thoughts. Well, it's not clear what
- 1:37:45Speaker 1: different methods you're talking about. Generally, there's only one method,
- 1:37:50Speaker 1: the use of retaliatory force. And you know, there's no
- 1:37:58Speaker 1: method innovative methods to protect individual rights outside of the
- 1:38:01Speaker 1: state because there's no incentive to protect individual rights outside
- 1:38:05Speaker 1: of the state. Individual rights don't matter in anarchy. In
- 1:38:10Speaker 1: a state of war, when people are just fighting with
- 1:38:14Speaker 1: one another, or where different police represent different parties and
- 1:38:21Speaker 1: then negotiating settlements, there's no interest in individual rights, just
- 1:38:24Speaker 1: like there's no question of individual rights. When countries disagree,
- 1:38:33Speaker 1: they're either willing to go to war for it or not.
- 1:38:35Speaker 1: But there's no way to resolve. There's no innovation in
- 1:38:39Speaker 1: the protection of rights on the international sphere, so the
- 1:38:47Speaker 1: whole thing breaks down. There is no innovation and efficiency attained.
- 1:38:52Speaker 1: And because there's no individual rights being protected, we all
- 1:38:57Speaker 1: still have individual rights, but there's no protection once you
- 1:39:01Speaker 1: abolish the government. Linda, Happy birthday. Thank you, Linda, I
- 1:39:08Speaker 1: really appreciate it. Sebastian says, have you ever read North
- 1:39:16Speaker 1: Vote and Stiga in Sweden? No worth reading? What's it about? Wesley?
- 1:39:28Speaker 1: The other day, Ben Shapiro said his only critique of
- 1:39:33Speaker 1: Trump's China summit was Trump speaking positively of Chinese students
- 1:39:37Speaker 1: coming to the US. Thoughts, I mean, it's pathetic. Ben
- 1:39:42Speaker 1: is being pathetic again, groveling before Trump and his voters.
- 1:39:48Speaker 1: Why is it? Why should we not talk positively about
- 1:39:53Speaker 1: Chinese students? Is that the issue? Immigration? Always that's the issue,
- 1:39:57Speaker 1: and immigration of non whites. That station what's wrong with
- 1:40:03Speaker 1: Chinese students, And that's the only problem. All the groveling
- 1:40:10Speaker 1: of Trump before she that's not a problem. So I
- 1:40:13Speaker 1: think Ben Shapiro has lost it and since Trump got
- 1:40:18Speaker 1: elected and is basically a uncritical I mean, it's ridiculous.
- 1:40:28Speaker 1: It really is ridiculous, and he knows better, and if
- 1:40:31Speaker 1: you pushed him, he would fold. Paul says, happy birthday.
- 1:40:36Speaker 1: Thank you, Paul, appreciate it. All right, guys, that is
- 1:40:42Speaker 1: today's show. I will see tomorrow Tomorrow's Nikos and we'll
- 1:40:46Speaker 1: talk about the manosphere. So three pm East Coast time tomorrow,
- 1:40:52Speaker 1: the Manosphere. And remember it's my birthday, so be nice.
- 1:40:56Speaker 1: Neo comes in with would you go after Trump if
- 1:41:00Speaker 1: you became the next president? Well, I definitely prosecute him
- 1:41:05Speaker 1: for all the corruption. Yeah, absolutely, Otherwise you're basically validating him.
- 1:41:14Speaker 1: He should have been prosecuted for the things he did
- 1:41:16Speaker 1: last time. The fact that he wasn't is a travesty.
- 1:41:20Speaker 1: And yes, he's so corrupt. This to him and as
- 1:41:24Speaker 1: long as you can, as long as you can push it,
- 1:41:26Speaker 1: as long as you can prove it. Yeah, yes, I
- 1:41:33Speaker 1: would definitely go after him. All right, Thank you everybody.
- 1:41:37Speaker 1: We'll see you tomorrow. I have a great weekend.