Latest / Project 2028 / Inflation Report, Trump Elon Breakup, LA Riots, and more

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Inflation Report, Trump Elon Breakup, LA Riots, and more · Project 2028

0:10
Welcome back to Project 2028. Today we have an
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exciting lineup of topics, including the financial
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reports that will come out tomorrow, the Elon
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Musk and Donald Trump relationship, the Los Angeles
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raids and protests, and what's happening with
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Greta Thunberg in Israel. We're happy you decided
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to join us, and without further ado, let's dive
0:35
right in. All right, welcome to Project 2028.
0:47
Elle thought that we would have more attention
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if we talked about the boring stuff first. So
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here's me with my little segment about the economy
0:56
and just kind of some indicators and some interesting
0:59
stuff for me that is interesting. We'll have
1:03
a little game mid -segment here. I thought we
1:05
should save the game for the end, but I got overruled.
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Sucks, but I know we all want the game at the
1:12
end. Anyways, so just some housekeeping, economic
1:17
stuff to talk about. Firstly, something I found
1:22
quite interesting when I saw the alert on Politico,
1:26
the April trade deficit has fallen from $138
1:31
billion in March to $61 billion in April. That
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is... More than 50 % if you just do some basic
1:39
math. That's crazy. I mean, obviously, when you
1:43
take GDP metrics, you subtract the total trade
1:46
deficit. So in the future, this only helps GDP.
1:51
And it's quite interesting, at least I find it.
1:54
You know, obviously, a lot of these tariffs have
1:56
been suspended by Trump, suspended by a random
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district court or appeals court somewhere. We
2:02
talked about that with the Supreme Court cases.
2:06
A lot of these still aren't in place, but you
2:08
see either, I know it is the exports or the imports
2:13
from this country, exports from other countries
2:15
going down because obviously of the tariffs and
2:18
the tariff threats. A lot of these countries
2:20
don't face the same tariffs anymore that they
2:22
did in April. The April trade deficit is reflective
2:27
of April. A lot of companies stockpiled, so there's
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a lot of random stuff that goes into it. Exports
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held steady. Imports, As I said, 50 % plunged
2:38
just with lower demand for consumer goods and
2:41
oil is what the report said. There was a lot
2:44
less demand for oil. If you look at in the inflation
2:46
numbers, which we'll talk about in a second,
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from last month when the CPI came out, the big
2:52
thing was that energy and energy inflation was
2:56
actually deflated by, I think, 2 % when you measure
3:00
it. opening of our energy system. You know, the
3:11
policies obviously reversed from the Biden administration
3:13
when it just comes to raw energy and the ability
3:16
to produce it. Yeah. So I guess one little thing
3:24
to think about here is, is the price or the like
3:29
percentage of inflation on these things such
3:33
as oil? worth the damage that it's doing to the
3:37
environment like is is the trade -off from one
3:40
thing to the other um good beneficial and to
3:45
what extent are we comfortable with having to
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pay maybe a little more in gas while doing a
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little less damage to the earth well i mean i
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think you run i think you run into an interesting
3:58
idea but i i think if to be honest it's kind
4:01
of um Well, I'll go through it. Look, we're going
4:07
to get oil from wherever we want if we need it,
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right? And that's what you see in this is that
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there's less oil coming into the country, more
4:13
of it's coming domestically, which you can't
4:15
argue is but good. And I see your point about
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the environmental thing. But the thing is, is
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that it's not that we're creating new oil and
4:23
creating – obviously, you see that a bit with
4:25
the deflation, that there might be a surplus
4:27
compared to what we needed and that there is
4:30
more. than availability, which causes more demand.
4:38
But people took oil before. They just may have
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not gotten it from the United States. They may
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have gotten their energy from somewhere else.
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And that we're producing it nationally is not
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necessarily going to contribute to climate change
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any different than it would be if you were to
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get it from some nation with lots of oil or energy
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resources. I would much rather have our oil come
5:01
from, you know, some domestic oil manufacturer
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than Saudi Aramco, which has a trillion dollars
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worth market cap and is only building from here.
5:10
Sure. So what you're saying is instead of paying
5:14
for another country to drill for the oil, we're
5:19
drilling it for it ourselves, which in theory
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is the same amount of, you know, effects and
5:26
harm to the environment as it would be if we
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were getting it from said other country. Yeah,
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but you are right. It could cause more demand
5:34
if you have more supply of a thing. People are
5:37
more inclined to use it, get it for products
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and energy uses or whatever the million uses
5:44
of oil are for, whether it's plastic or whatever.
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So there may be an increase in oil production,
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oil use, energy with non, like non, what do you
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call it? I don't have this little membrane. Non
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-renewable and stuff with greenhouse gases. Obviously,
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that's all possible, and it's proving to be happening
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because the oil deflated by, what was it, 2 %
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or whatever. That's annualized, I'm pretty sure.
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But I find it interesting, to say the least,
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because I think if you disregard the environmental
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impacts... You can't disregard the environmental
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impact. No, disregarding them because the oil
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is coming from somewhere. If you disregard them
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in that way, it's only good that our country
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is producing its own oil. I don't think anybody
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can object with that, right? Yeah? Sure. A few
6:45
other things. The S &P obviously had a very big
6:50
struggling point in April with the tariffs. It
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has hit. It's around 2 % away from the peak all
6:58
-time, whatever. Tesla has, we'll talk about
7:02
that later, Tesla stock's been bouncing up and
7:05
down and up and down. You know, I don't know
7:09
what the, what is it called, greed and fear index
7:11
is, but I think it's relatively fine compared
7:14
to the lows of April. I think that, you know,
7:18
from a markets -wise, it's fine. It's healthy.
7:22
It's back to square one from where we were before
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Liberation Day. So I think that's all good and
7:30
all healthy. But the big thing that's going to
7:33
matter a lot, and we're going to play a little
7:35
game real quickly, is the CPI data. It's the
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authoritative stance on all inflation data monthly.
7:43
It gives me this data about oil and all these
7:46
other products. It's quite interesting. You should
7:49
take a look at it. I think it's cpi .gov. I don't
7:52
have the website in front of me, but I think
7:53
it is. Ed and Ryan will come in tomorrow and
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tell you about that. But we're going to play
7:59
a little game where we're going to guess. Obviously,
8:01
it's annualized. There's seasonal changes, apparently,
8:03
they put in. But for last month, what the inflation
8:06
would be if last month was repeated. So does
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anyone want to go first? I'll volunteer to go
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last. I guess I can go. I'm not really sure where
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my guess is supposed to be, like what range,
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but I'm going to say it's at a solid 2 .1%. That's
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like 0 .2 % below a Fed target, so not horrible.
8:31
Okay. I'm going to go 2 .6%. 2 .6 %? Okay. I'm
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going to guess, based on both my expectations
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and apparently what State Street said, CPI at
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3 .1%. That's the guess from them. So I'm pretty
8:52
low. Maybe not. I mean, look, a lot of it's a
8:55
shot in the dark. What were we last month? 2
8:59
.3. Okay. Which is right on the Fed chart. Huh?
9:06
By around 0 .7%. That's what's expected. Isn't
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that bad? Isn't that proving that what he's doing
9:13
isn't working? I mean, 0 .7 % inflation is not
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crazy in a month. In a month? No, no, it's all
9:22
annualized. Oh, oh, oh. Yep, yep, yep. See, I
9:26
don't... It's not particularly crazy. I mean,
9:27
during the Biden administration at points, in
9:30
some sectors, there almost got to be double -digit
9:33
inflation on a monthly average. Sure. During,
9:37
like, the, you know, COVID when money was being
9:40
distributed, like, it was free and all that.
9:43
you know, inflation ran rampant. And that's also
9:45
obviously what caused a lot of the struggles
9:47
economically that the campaigns both faced. But,
9:53
you know, that's a separate issue. This is obviously
9:56
going to affect Fed rates, which are the overnight
9:59
borrowing rates, which are the money Fed will
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give to you. It's kind of random, but basically
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just it all dribbles down to how much you can
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borrow at. um the kind of rates you might get
10:10
on your high interest bank account uh and etc
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um that's gonna i think leave it for the financial
10:16
segment is there anything else no no i think
10:18
we're gonna cut you over to um ryan talking about
10:24
me whoa okay yeah all right in your in your editing
10:28
oh oh thank you for remembering i almost forgot
10:31
so this is um me passing over editor ryan to
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tell you about the results and the cpi data and
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where you can find it Okay. Editing Ryan, take
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it over. All right. This is Editor Ryan. Right
10:44
now it is Wednesday, June 11th at 8 .25 p .m.
10:49
Central Time. Nearly 12 hours since the inflation
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numbers came out, and they were pretty good,
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actually. Core inflation is at 2 .8%. meaning
11:02
that Luchana was .2 points off, and my estimation
11:06
was .3 points off, meaning Luchana will get the
11:08
point. Hopefully we can start this as a little
11:12
game. We can keep some points. I don't know.
11:15
We'll figure it out. Non -core, that doesn't
11:19
strip out the volatile stuff like energy and
11:22
food, was a bit lower at 2 .4%, which is... pretty
11:30
good um it's nothing to complain about it's one
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point off the fed target um remember this is
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just the trailing 12 months um so it's anywhere
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it's from june 2024 to june 2025 um if you look
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at just inflation just for this month or for
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last month it's actually from the month before
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this month but you can think about it just basically
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as june because that month was also delayed anyways
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um it went up around 0 .1%. If you factor in
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seasonal pricing and seasonal purchasing and
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all the seasonal inflation stuff, interesting.
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If you extrapolate that, it gets to 1 .2%, which
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is severely an inflation slowdown. I'm not sure.
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Something weird there. I'm thinking I must be
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wrong about something in my math, or that must
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not represent what I think it represents. Anyways,
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that's kind of the overview. Lushana will get
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the point. And we will be back in a month or
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so. And I think it's July 15th with the second
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CPI inflation numbers game, whatever you want
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to call it. And I think from now on we will measure
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core inflation, which is what we measure right
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now. I don't think it would change the game in
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who won. It wouldn't in this game, but we're
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going to stick with core inflation. Anyways,
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that's my little inflation talk. We're going
12:55
to get back to the episode with some much more
12:57
interesting stuff. All right. And now we're back.
13:01
We're not actually back. We just said that a
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second after, but Elle, do you want to get the
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next thing? Yeah, okay. No, sorry. Yeah. Let's
13:12
talk about Trump and Elon's public breakup. So
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they had a massive falling out that has now become
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a little more civil with Trump wishing Elon well.
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And Elon liking his message, which is, you know,
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the beauty of the social media. Okay, so basically
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this fallout, their, um, kind of their end of
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their both political and personal relationship,
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um, was pretty much inevitable. Um, I was talking
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to my grandma earlier about this and she pointed
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out the fact that both of them have crazy narcissistic
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personalities and pretty much no empathy. And
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I think she's right on the target with this and
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I think that's um a common like personality link
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between not just these two figures but also every
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single uh billionaire and every single really
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every single political figure or at least presidential
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um figure just because to have power and to have
14:16
excess amount of money and to really not do President's
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a little different because there's a limit of
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what they can do, but not using the money you
14:25
have to necessarily have a high benefit on society
14:28
in, you know, a mass way that they probably could
14:33
be having shows that they have no empathy or
14:35
very little empathy for other people. Anywho,
14:38
moving past that. Basically, there's kind of
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two reasons that they had their fallout. The
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main one is with Trump's Big Beautiful Bill Act.
14:51
In it, it basically cut the benefits of having
14:56
electric vehicles and also raise oil production,
15:00
which doesn't support Tesla and their electric
15:05
cars, which was kind of... pretty much the reason
15:09
Elon got into, um, politics this year and really
15:13
took a hard drive, especially with Doge. He wanted,
15:17
um, to have electric cars go much more, um, national
15:23
than, or global even, than they already have.
15:26
Um, and so, you know, now since Musk has left
15:31
the Trump administration. He publicly slammed
15:34
Trump's signature tax and spending package and
15:38
called it a disgusting, pork -filled abomination.
15:42
And he specifically objected to cuts on EV subsidized,
15:47
which directly affect Tesla's interests. Sorry.
15:51
Can I just say something? Hmm? Never mind, never
15:54
mind. No, go ahead. Please go ahead. No, it's
15:57
going to be... Please, ignore me. okay and the
16:00
second reason that is like less talked about
16:04
and i think happened a little bit ago is one
16:06
of um elon's like close personal friends was
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um i believe nominated to or yeah was nominated
16:14
to i think be the new director of nasa or had
16:17
some high up admin thank you um and trump hold
16:23
his nomination kind of last minute and then within
16:26
a group of their mutual friends um pretty much
16:30
ridiculed elon for being friends with this man
16:33
who um had donated a good chunk of money to um
16:37
democratic uh candidates and like the democratic
16:43
party um and so yeah so obviously because of
16:49
their fallout musk has removed himself from um
16:53
co -chair of doge um and you know they left kind
16:59
of on bad terms um if anyone wants to jump in
17:02
here or i can continue to talk about their little
17:05
social battle i want to say something real quick
17:07
just kind of jumping back to what you said about
17:09
like the narcissistic personalities i think you
17:12
can kind of see that in the fact that it was
17:15
mainly hashed out over social media i think they
17:17
were almost both like buying for attention saying
17:20
no look at me i'm right in this and i know i
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think that says something about both of them
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it just felt very off for two like for two like
17:30
very important people like the leader of the
17:33
united states like the president and one of the
17:36
richest people in the world to be like having
17:38
a petty fight over twitter it almost feels they're
17:42
almost trying to save like high school drama
17:43
where you like leave mean comments on each other's
17:46
posts you know It wasn't even a fight over Twitter.
17:49
Trump was using his own app, which I found to
17:52
be immensely funny because they weren't even
17:53
talking to each other. Yeah. To kind of tie into
17:58
your point about how they were fighting for...
18:02
not only attention, but the support. There was
18:06
a YouGov poll that showed strong GOP loyalty,
18:10
with 71 % of Republicans siding with Trump, and
18:13
only 6 % agreed with Musk and his stance. So,
18:18
you know, it kind of also goes to show that most
18:21
Republicans, or even, not even Republicans, but
18:24
MAGA voters, really do not. care about anyone
18:28
involved with Trump and have their loyalty very
18:32
clearly with Trump I think Elon's gonna just
18:35
lose a ton of like support with this because
18:38
I think the Democrats kind of never liked him
18:41
especially when he started to um get kind of
18:44
Nazi -ish side with Trump a lot I don't think
18:47
they're gonna go back to liking him after this
18:49
fight and now the Republicans that were like
18:51
oh he's so great now that he's fighting with
18:53
Trump I don't think they're going to like him
18:55
anymore. So I think he's going to lose a lot
18:57
of the respect from this. And I think not even
18:59
just, sorry, I don't mean to cut you off. Good.
19:02
Um, not even just respect, but Ryan, do you have
19:05
the number, um, about the Tesla stock? I can,
19:09
I can pull it up, but also like, well, I do think
19:13
it's a bit rich to call somebody a Nazi. I do
19:15
agree. Um, you know, I think he's lost. He's
19:18
not a political figure. He's not part of the
19:21
party really anymore. He's lost support among
19:24
the people who have, you know, the most engaged
19:31
voter base in really the history, like with some
19:34
of the most unengaged voters coming and turning
19:36
out with Trump. And obviously Democrats, not
19:39
since his Nazi term, but since his turn to Republican
19:42
politics, have not been that particularly fond
19:47
of him in the way they were before because he
19:48
had this electric car revolution and exploring
19:50
space. You know, he's not, look, if he wants
19:56
to create a political party, sure, it's a problem.
19:58
He said something about it. I think it's extraneous
20:02
to what he actually wants to do. I don't think
20:03
he cares. I think he was in the heat of the moment.
20:06
He's instilled into a lot of the posts, but,
20:07
you know, I don't think he really cares. He can
20:11
cry on the millions and millions of dollars he
20:14
makes every hour. I don't think it affects him
20:19
pretty much. And also, the people on X have already
20:21
seen this stuff. They've already said this stuff.
20:23
People who are in the exodus from X to either
20:26
Threads or Blue Sky or whatever, they know this
20:29
stuff's already happened. People stay on there
20:31
because it's a large platform. And there's other
20:33
companies. I mean, other than stocks, which I'm
20:36
about to talk about, I don't think they're particularly
20:37
affected. But on the topic of stocks, Elon's
20:40
company, it's around $300 and something dollars
20:43
of... you know per share market cap of around
20:47
a trillion dollars it fluctuates it dropped drastically
20:51
from like 300 like the day before I'm looking
20:55
at right now 332 pretty good pretty healthy nearly
20:59
a trillion dollar market cap somewhere around
21:02
there and it dropped to nearly 200 and what is
21:07
it 200 and sorry $284, which is, you know, it's
21:14
a steep drop. It was close to 15%. It's rebounded
21:17
since. The markets are closed today. It's $409
21:21
central, but market cap's around $1 .02 trillion.
21:26
So, you know, it's still the most valued car
21:28
company in the world. It'll stay that way, but,
21:32
you know, some fluctuation. He lost a lot of
21:33
money, and he's making it back slowly. Yeah,
21:36
just to say one thing before we jump into some
21:39
of the words exchanged on their respective social
21:43
media platforms. I will say Elon, since his affiliation
21:48
with Trump, he has created some new jobs with
21:52
the small businesses selling, bought this Tesla
21:56
before Elon went crazy. Or I've seen a couple
22:00
that are like, my... Tesla identifies as, this
22:03
car identifies as a Honda, which, you know, I
22:06
get a kick out of those small businesses. Gotta
22:08
love it. Um, but yeah, so going into their social
22:14
media battle, um, Musk claimed that Trump would
22:18
have lost the 2024 election without him, um,
22:21
specifically his, like, money donation of over
22:25
200. million i think um and even called for an
22:30
impeachment of trump although he later deleted
22:32
this post there were also some talks um about
22:36
a specific creepy hollywood man and his files
22:43
that are being released to the public because
22:46
of trump's um affiliation with them um but then
22:50
there was also um trump like claiming that musk
22:56
lost his mind and he said that there would be
22:59
serious consequences um and he threatened to
23:04
withdraw government subsidized subsidizing contracts
23:08
from tesla and spacex subsidies so i don't know
23:12
how to say it subsidies sorry that was what i
23:14
was gonna say earlier but i didn't want to like
23:15
interrupt no please do i can't yeah um basically
23:20
he threatened elon and basically was trying to
23:24
like scare him into not bad -mouthing him, I
23:29
guess. It didn't work, because Elon basically
23:31
was like, I own the satellites that you are using
23:34
to tweet right now, and that was pretty funny.
23:38
I thought that was pretty clever. Um, there was
23:44
a couple, um, you know, mentions of the, uh,
23:48
International Space Station operations as they
23:51
use some SpaceX, um, Aircrafts? Spaceships? Technology?
23:59
Spaceships, yeah. Yeah? Spaceships. And Elon
24:03
kind of, you know, joked about removing the link
24:10
between the two, but, you know, all these, like,
24:12
threats and everything like that has pretty much
24:16
been removed, dismantled, taken back, deleted.
24:22
But I guess... I have a question for you guys.
24:27
So, like I said earlier, this was kind of inevitable,
24:32
but do you think if there was less focus on oil
24:37
production in Big Beautiful Bill, the relationship
24:41
between the two would have lasted? Like, how
24:45
much longer do you think their relationship really
24:47
had, and to what extent was this relationship?
24:53
pretty much uh elon trying to gain more money
24:58
and more power from i think from the beginning
25:02
i personally didn't think it was gonna last just
25:04
based on how they're both like they're like really
25:08
competitive siblings like they always want to
25:10
be the best with the most attention the most
25:12
fame so that's kind of why i thought like i don't
25:15
know how long this duo is gonna work because
25:17
as soon as one person starts becoming more favored
25:20
then they're gonna the other is gonna be like
25:23
a low mat do you know what i mean i feel like
25:25
that yeah for sure but i definitely think that
25:28
um the big beautiful bill really like sped that
25:32
up i think otherwise they maybe could have hung
25:34
on for a few more months but i feel like that
25:36
kind of threatened like elon took that as like
25:38
a threat to his like wealth his reputation so
25:42
i think that's what what made him really upset
25:44
that he was like being threatened and he felt
25:47
like he needed to like fight back you know yeah
25:50
it's definitely Interesting, and I think you're
25:53
right that their relationship would have lasted
25:55
longer, especially considering, you know, a month
25:58
or two ago we saw Elon and his son, ex, you know,
26:05
hanging out with Trump and, you know, bonding
26:07
in the Oval Office a little bit. Ryan, what are
26:10
your thoughts on their, it kind of felt like
26:14
a parasocial relationship. It felt like something
26:16
that didn't really make sense in a way that should,
26:20
you know what I mean. Anywho. Look, I mean, if
26:25
you listen to Galen Druk in his podcast, he actually
26:28
told us about how good the Polymarket bet was
26:31
on this, but totally different thing. I don't
26:36
think it's oil. I think it was spending. I mean,
26:39
look at Elon. So he's going to cut a trillion
26:41
dollars in federal funding. He hasn't gotten
26:45
close. He's cut a few hundred billion, I think,
26:47
which is still great, commendable, perfect. You
26:53
know, look, I think it's tough when you do all
26:57
this and the president says he has your back
26:59
and then he goes and adopts a bill that led trillions,
27:01
as projected by the Congressional Budget Office,
27:05
to a budget that's already about to take on nearly
27:09
a trillion dollars in interest payments yearly,
27:11
which is just... I see it as unbearable. I think
27:15
Elon does too. And I think he got fed up and
27:17
I think he got tired. And I think he was like,
27:19
what am I doing this for? I feel like last episode
27:21
you were a big fan of this bill, Ryan. Huh? I
27:24
was. I think last episode you did not have a
27:26
problem with the debt that it would put us in.
27:28
Oh no, I've had a problem with the debt this
27:31
whole time. I believe that the problem with this
27:37
bill, a lot of it, is the tax stuff. And I think
27:40
that... Look, I think tax cuts are fine, but
27:44
I think we need to be responsible. I think there
27:47
needs to be responsibility. If you just look
27:48
at them, it's not sustainable. Look, tax cuts
27:54
in the future, once there's stuff that's balanced
27:57
out, sure. Social Security and Medicare take
28:00
up 65 % of the federal budget. Defense is like
28:03
60%. Not even that. And defense is like around
28:07
25%, 27 % maybe. So it's a lot. Those three take
28:11
a... The generous portion of the federal budget.
28:15
Not even that. Sorry, I'm going to cut you off.
28:17
They need to be reined in. I'm going to cut you
28:20
off really quick. Not even that, but running
28:22
on having the biggest tax cuts for the middle
28:26
class and then pretty much not doing that and
28:30
cutting taxes. No, he did. That's not true. This
28:33
is a misconception. That's actually not true.
28:36
He said he would continue the 2017 tax cuts,
28:38
and he did. And also, this rich tax cut thing,
28:42
while I do think a system needs to be reformed,
28:43
I think capital gains needs to have, we need
28:46
to have a relook at capital gains taxes. He cut
28:51
the, what was it, the highest tax bracket by
28:53
1 .5%, which I think is the lowest of any tax
28:57
bracket. And whether the projections... It's
29:02
like when you run for your 8th grade class presidency
29:05
and you run on the account that you're going
29:08
to get student discounts for the students and
29:11
then only two businesses honor the student discounts.
29:14
You're doing it. But in actuality, it's not to
29:18
the extent that you ran on. I don't believe that
29:22
to be true either way. No shade to our 8th grade
29:24
student president. That was just my best example.
29:27
Look. I think, like in this bill, no overtime,
29:32
no taxing, tips, no taxing. And these are promises
29:35
that both he and Kamala Harris, I remind you,
29:37
made. Kamala. Kamala Harris made when they figured
29:41
out that they were so popular. And he's made
29:43
these promises. And while I think they're, at
29:46
least some of them, those are fine maybe, but
29:48
some of the tax stuff is kind of grossly irresponsible
29:50
when you look at it from a budget standpoint.
29:53
He's made the promises and he's falling through.
29:54
He said he would continue 2017 tax cuts. He is.
29:57
There's no way. to object that they're continued
30:00
whether it's a great idea or not is a separate
30:03
issue but he's continuing them he's doing what
30:04
he said he would sure okay i'll i'll agree to
30:09
disagree on this one but i guess the last thing
30:12
before we move on um i just want to quickly quickly
30:15
point out how a lot of the people a lot of this
30:20
example is a great um display of the unloyalty
30:26
and really zero care for anyone. Like I said,
30:30
Trump has no empathy, but it's even more than
30:33
that. He doesn't care about even his closest
30:36
friends, so these people that voted for him,
30:39
that wanted him to, you know, do certain things
30:42
and have the empathy for their situation that
30:45
they are in, are kind of getting a closer look
30:48
of how not only Trump is not going to do that,
30:51
or at least not really do that, maybe. half,
30:54
half do it. But, you know, if you don't care
30:58
about your closest or one of your closest friends,
31:01
business partners, someone you have a relationship
31:04
with, you're not going to care about the person
31:06
in Georgia who, you know, voted for you and gave
31:11
you $15 a month. If you're not going to care
31:14
for the guy who gave you 200 and some million
31:16
dollars. I think that's honestly such a good
31:19
point. I think it... I think half the things
31:23
I've said during this have been... Now, tying
31:25
that back to what you said at the start about
31:26
their mental perspectives, I think that really
31:30
shows how he's very self -focused. I think that's
31:33
a great point. I mean, look, last thing. I don't
31:41
fully get what the point is about... I think
31:43
these tax cuts are irresponsible, and I think
31:46
they're coming at a bad point, but I don't waste...
31:49
But from a standpoint on the Big Beautiful Bill,
31:53
I don't think that – and I'll get back – I'm
31:55
circling back. I don't think that that – I think
31:58
this only reflects how committed he is to what
32:00
he said on the campaign trail and that he's actually
32:03
a man of his word, at least in that respect.
32:06
He said he would do something. He's at least
32:09
making a very, very strong attempt and trying
32:12
very, very hard to get it done. Get what on his
32:17
scouts? the big beautiful bill the tax bill all
32:22
righty we're gonna move on we're gonna talk about
32:25
what is happening in la right now so um does
32:29
someone want to should i start or does someone
32:33
else want to go okay so basically on june 6th
32:38
um ice raids um there were multiple large -scale
32:43
operations that took place at sites like Home
32:46
Depot parking lots, a clothing factory, and a
32:49
donut shop, which led to at least 44 detentions
32:52
initially and triggered a public backlash. So
32:57
the number one main reason for this public backlash
33:02
is because Los Angeles has a sanctuary city policy,
33:08
which basically, at least in the city of Los
33:11
Angeles, it's So, that's, like, the number one
33:33
reason people are mad. They feel that the, um...
33:38
ICE agents were not respecting this and, you
33:41
know, I don't really know if they have to. They
33:43
don't have to respect this. That's the non -domineering
33:45
clause of the Constitution. It doesn't matter
33:47
if a state doesn't respect what you do as a federal,
33:50
as it comes to federal, this is seen in marijuana,
33:53
but they can do whatever they want. Right. As
33:56
long as it's in the law. And I guess, okay, so
33:59
that like ties into the kind of second reason
34:02
people are mad. It's because when these deportations
34:06
were kind of proposed and brought up, um, at
34:10
the very beginning, the, even now, the target
34:14
and the people that, um, the Department of Justice
34:20
is, like, saying these deportations are targeting
34:23
are people who are, um, seen as, you know, criminals
34:27
or violent, which, whatever, um, or are doing
34:31
kind of not benefiting society. People that,
34:36
so when I said they went to the Home Depot parking
34:38
lots, these are targeting people like day workers
34:40
who, you know, if a build site needs, you know,
34:46
five more people just for one day, they'll go
34:49
to these Home Depots, get five people who are
34:52
there with their tools, they'll pay them a daily
34:54
rate, and, you know, they'll be on the site one
34:57
to three days. They're not long -term workers.
35:01
And so these are people that are directly benefiting
35:04
society. They are directly playing a role in
35:07
our consumerism kind of world that we live in.
35:11
And so these are people that are not doing anything
35:14
that is, you know, illegal in the sense of committing
35:20
a crime such as stealing, carjacking, that type
35:25
of thing. And so, you know, that kind of ties
35:30
into the first reason of the sanctuary law that
35:34
they have. So by June 7th, rallies had grown
35:38
and spread to Paramount, Compton, Westlake District,
35:42
and downtown. Some of these did turn into violent.
35:47
There was an estimate suggested that over 1 ,000
35:51
participants from ICE were present. The LAPD
35:55
had arrested at least 50. maybe 70 people, for
35:58
violent actions, vandalism, looting, and failure
36:01
to disperse. There were barricades on highways,
36:05
projectiles thrown at law enforcement, including
36:07
concrete, glass bottles, fireworks, which resulted
36:10
in injured officers, and it launched the police
36:14
response where they used tear gas, rubber bullets,
36:17
pepper balls, and stunt grenades. They also used
36:21
less lethal munitions. Um, which we can definitely
36:29
talk about. Um, so I'm going to pause here, um,
36:34
and we'll get into kind of Trump's response to
36:37
this in a minute, but I do want to ask you guys
36:40
your opinion on what, to what, um, extent is
36:44
law enforcement or should law enforcement be
36:47
allowed to not necessarily retaliate because,
36:50
you know, It's a safety issue when it comes to
36:54
retaliation, but to what extent are they allowed
36:57
to initiate things such as using tear gas to
37:03
disperse a crowd? And to what level are, you
37:08
know, even when it is in like a responsive matter
37:12
to something else that happened, what's the kind
37:15
of max level of force that should be used? Does
37:19
that question make any sense? You know, it does.
37:24
Look, I mean, these are non -destructive techniques.
37:27
These are made for rides, and rightfully so,
37:30
because they don't hurt you. I mean, yes, you
37:32
may get a bruise. You may even get a cut. And
37:35
you may, your eyes, sorry, my dog's having a
37:38
fun time in the back. I'm not sure what she,
37:40
Nova, come on. But, you know, these are techniques
37:44
in which. are tried and true, well, they may
37:47
cause uncomfortability. And I have no doubt that
37:50
tear gas and pepper balls are not fun in the
37:53
slightest and are painful. There's no super severe
37:57
damage in the future, usually, unless something
38:01
crazy happened. And rubber bullets, obviously,
38:03
as in the name, are not even close to lethal.
38:07
So look, I think if there's a riot that is uncontrollable...
38:10
And it's obviously up to the officers to deem
38:13
when they feel safe and when they don't feel
38:14
safe. And when they think public infrastructure
38:17
is up for destruction or looting or whatever,
38:22
it's up to them. And I think they've made correct
38:25
decisions so far. I don't think there's been
38:26
any gross overuse of power. And I think these
38:30
officers, whether the National Guard or local
38:35
police or, you know. whatever it is. It could
38:38
be the local sheriff. I think they exercise their
38:42
power well, especially in these instances when
38:44
they know there's media and when they know that
38:46
they have to act in accordance with both the
38:48
law and keeping others safe in stores. Luchana,
38:54
what are your thoughts? I don't think, Ryan,
38:58
I honestly didn't think that was like a super
39:00
unreasonable take. I think that law enforcement
39:02
definitely has a duty to protect protect the
39:07
civilians, protect themselves, protect everyone.
39:09
I did see something really interesting today
39:11
though about how tear gas really isn't even used
39:15
during war. We're one of the only countries that
39:18
allows it and allows law enforcement to use it.
39:25
So I did think that was interesting, but I don't
39:29
know. I don't really... I don't really have a
39:37
ton to say on this. I kind of agreed with Ryan,
39:39
but I don't know. Yeah. I guess I will also say
39:43
when you have such a large demonstration like
39:46
these and there are multiple going on, 90 % of
39:50
the people there are there for support of the
39:53
cause. They're there to be peaceful. They're
39:55
not there to really start anything that would
39:58
result in the use of these. techniques yes thank
40:09
you um but you know the other you know five to
40:14
ten percent of people are you know they're kind
40:17
of with a malicious intent and i'm not saying
40:20
these people don't also believe in this cause
40:21
but When it comes to things like looting and
40:25
vandalism, these are not things that need to
40:27
happen in a protest and they are things that
40:29
should not be happening in a protest. And you
40:32
get situations where stores such as Apple, CVS,
40:35
and Waymo self -driving taxis are getting, you
40:39
know, burned to flames because there are people
40:41
who are using the kind of large group as almost
40:45
a cover for themselves to go and commit, you
40:49
know, acts of violence. Yeah, commit federal
40:54
felonies. Is that federal? Cute and cold. I believe
40:59
ours is a felony. It might be a felony. I'm not
41:02
sure if it's in federal jurisdiction, though.
41:05
It might depend. I don't think it is. It might
41:06
depend on what you burn. Oh, yeah, of course.
41:10
I mean, if you burn federal military installation,
41:12
trust me, DOJ is going to come after you. Like
41:15
a car versus like a house. I think they're like
41:17
deemed differently. I don't know. Not 100%. Okay,
41:23
so on June 7th, President Trump invoked Title
41:28
10 to federalize the California National Guard,
41:31
deploying about 2 ,100 troops, and an additional
41:35
2 ,000 were added yesterday as recording this,
41:39
so June 9th. And he did this without California's
41:44
consent, which he doesn't really need because
41:47
he's the president. And then... So yesterday,
41:52
so the 9th and the 10th, approximately 700 active
41:56
duty Marines from Camp Pendleton were placed
41:59
on alert and arrived in L .A. to protect federal
42:02
property and ICE agents. So they have no arrest
42:06
authority. They're mainly just there as kind
42:08
of an extra layer of scare for the people. They,
42:12
you know, they have weapons, but like they can't
42:15
really do much, I think. Um, and so, Ryan, I
42:20
have a question for you which I want to feel
42:22
free to answer, but I have, um, I'm been, you
42:26
know, looking at things online about this because
42:29
it's, you know, kind of an interesting, all the,
42:30
like, famous people live in LA pretty much, so
42:34
there's a lot of reporting on it. Um, and I have
42:38
seen a lot of people, um, saying that now that
42:42
the Marines are there, the next step is martial
42:45
law. And so my question is, what exactly, I know
42:48
what martial law is, but what do they mean by
42:49
this? Because it doesn't necessarily make the
42:52
most sense to me. Look, I mean, there's two different
42:56
ways that you can do this. A, President can institute
42:59
martial law. Abraham Lincoln suspended, you know,
43:03
the press, habeas corpus, all that stuff. But
43:07
there's also, governors can also declare it.
43:09
I think you saw this in Hawaii after Pearl Harbor.
43:13
I forgot the governor's name. Pointex, maybe?
43:18
I'm not sure. There was a governor of Hawaii.
43:20
He declared martial law. Rightfully so. I don't
43:25
think anybody would object to that today. So
43:27
it really depends who declares martial law. If
43:31
Gavin Newsom declares martial law, I don't fully
43:33
get why he would. I'm not sure. If it was in
43:37
accord with what Trump was believing and that
43:40
there are uncontrolled riots, I guess that would
43:44
be viable. I mean, he's not going to do martial
43:46
law against the current raids because that, as
43:51
I said earlier, the non -domineering clause,
43:53
states don't have to participate in federal law.
43:55
They don't even have to help. But they can't
43:57
hinder. And if you deployed martial law and,
44:01
you know, troops of the state, as in the National
44:06
Guard, possibly against federal troops. The National
44:09
Guard's already deployed. Yes, the National Guard
44:12
belongs to the state, though. So in state martial
44:14
law, I assume that he would be in control. He
44:17
is always in control, by the way. He's always
44:19
in control. Trump deployed a technique, a law
44:21
that is very complicated, but it just allows
44:25
presidential authorization. But if you were to
44:30
declare martial law, I assume that Newsom would...
44:33
use the National Guard. It would be very complicated.
44:35
It would be close to seceding from the United
44:39
States. So I assume they're talking about Trump.
44:41
If Trump declares martial law, which he has the
44:43
right to do, I think it would be a blanket over
44:45
the United States. I'm not sure if he can call
44:47
it specifically in the state or if that's only
44:48
a governor's decision. That is heavy into constitutional
44:51
law. But look, I think that's sensationalism.
44:58
I don't think that's ever going to happen. And
45:00
I may be wrong. Who knows? martial law is is
45:03
a lot different than uncontrolled riots and people
45:06
burning waymo cars martial law is in the name
45:10
is for war time so that's kind of my take on
45:14
it i think it's sensationalist i don't think
45:16
it is um i think it's just trying to get your
45:19
attention uh i think i think that's what it's
45:21
trying to do okay yeah that makes sense and just
45:25
to um go back a little bit on the Police tactics
45:30
being used. Currently, I don't believe anyone
45:33
from any side, government agent, nor citizen,
45:40
has been killed or lethally injured. I mean,
45:49
look, I guarantee you if they're using plastic
45:51
bullets and stuff, people have been injured,
45:53
right? Well, yes, people have been injured, but
45:56
I don't think anyone's been injured to the point
45:57
where it will cause them to die. No, I don't
46:01
think so. I mean, look, flaming cars with batteries,
46:04
it's just not a good recipe for anything. But
46:08
when you have batteries in cars that are highly
46:10
sensitive to this kind of thing, your phone batteries,
46:14
if they're exposed to air, can blow up. You can
46:16
look the videos up on YouTube. They're highly
46:18
volatile. It's not a good idea. Of course it's
46:20
something you're into. Huh? Phone batteries blowing
46:23
up? of course look it up on youtube it's quite
46:26
it's quite entertaining actually but i digress
46:29
you guys don't know ryan the way luchana and
46:31
i know ryan but that's like one of the most ryan
46:33
things probably that's a natural thing that can
46:36
happen it the way the batteries work anyways
46:38
cars fire no matter how how you take it it's
46:42
just not a good way to mesh things there can
46:45
be accidents there can be explosions i don't
46:48
know if anybody's died yet people may die who
46:50
knows But I don't think it would be at the hands
46:53
of a National Guardsman or a Marine. It may be.
46:55
If they feel the need for self -defense, obviously
46:58
there are extreme people here that may threaten
47:02
the lives of these kind of people. There's a
47:07
lot of abolish ICE stuff. That's a different
47:09
stage. If that were to happen, it would be national
47:11
news. We would know. I don't think anybody's
47:14
died yet. Knock on wood. But if that were to
47:17
happen in the future, I think it would be more
47:19
to the fault of a haphazard battery or something,
47:25
a car ramming into somebody, than it would be
47:28
anything else. Yeah. Luchana, anything you want
47:32
to add? Or are we good to move on to our last
47:35
topic? You guys touched on a ton of great points.
47:40
I'm up for moving on to our next topic. Heading
47:43
over to Greta. Quick thing, before we do Greta,
47:47
because Greta's going to be longer and more interesting,
47:49
can I say a little topic that I actually forgot
47:52
to include in this episode? Sure. Perfect. As
47:57
you're familiar with, because this person was
48:00
the intercession, interceder, I'm not sure how
48:03
you say that, for the Biden administration after,
48:06
what's her name? She's an MSNBC anchor. Jen Psaki,
48:09
retired. I'm getting to it. How did I forget
48:14
her name? Jean -Pierre or something. Anyways,
48:17
the former press secretary for Biden has officially
48:20
left the party. Kind of crazy, right? I was looking
48:23
at the headlines the other day, and there was
48:27
some crazy stuff. Some Biden staffers were talking
48:29
about grift. I'm not sure. That's all hearsay.
48:33
It was in Politico, so whatever. But she has
48:37
officially dropped out of the Democratic Party.
48:39
She's no longer a functioning member of the party.
48:43
Just meaning... Like, she's not going to be press
48:46
secretary for any more Democratic presidents,
48:48
I assume, in the future. It's crazy, you know,
48:50
the media person for a whole party whose job
48:54
it is to convince other people is the narrative.
48:56
I think it's more of the Biden fallout. I don't
49:00
even think it reflects the Democratic Party necessarily
49:02
as much as the disorganization and just the disbelief
49:06
at what happened in that Biden campaign. So that
49:09
was just a little chime in. Kind of crazy stuff,
49:11
though. Doesn't happen a lot, you know. Sean
49:14
Spicer. Personally, I think the funniest press
49:20
secretary ever. I think he out -competes her,
49:25
but he, you know, he's funny. I just want to
49:27
include him. Anyways, that's it for my little
49:29
rant. Okay, so I'm going to try and keep this
49:33
brief and short. So, Greta, I want to say Thunberg.
49:37
I don't think that's how you say her last name,
49:39
but I'm going to say it with a TH. sound. Um,
49:43
so she is, or was, current, uh, on a mission,
49:48
she called it a mission, um, to send aid to people
49:53
in Gaza. Um, this was things such as baby formula,
49:58
medical supplies, and prosthetics. And there
50:02
were 12 activists from various countries on a
50:05
ship. They were trying to break through Israel's
50:08
blockade and deliver aid directly by sea. And
50:12
so other aid boats had been bombed by drones,
50:17
which people have suspected to be Israeli attack.
50:22
Not yet. And so they, their ship was being like
50:32
surveilled. Surveilled. Surveilled. surveilled,
50:36
thanks, um, by drones that they believed, or
50:41
I guess probably knew, were from Israel, and
50:45
they actually were intercepted on their boat,
50:51
um, and taken to, um, detention. I don't, they
50:58
were, like, captured and taken off the boat and
51:00
then brought to Israel. And so Greta and three
51:03
other of the activists were deported back to
51:06
their countries while eight of the activists
51:09
are still in the detention. So I guess the main
51:15
thing here is Israel called the mission a PR
51:17
stunt when they had blocked the ship and they
51:21
pretty much were claiming that it was not an
51:25
aid boat or it had very little aid actually in
51:30
the... helpfulness of them coming was not in
51:36
the intention of helping Gazan got Palestinians
51:40
Palestinians um on in Gaza and was instead just
51:48
to you know continue their um activist platforms
51:54
as you know all these activists have a lot of
51:58
influence online because of the activism they
52:01
do. So, Luchana, I think it would be a really,
52:06
I really would love to hear your opinion on that.
52:08
Do you think this was a PR stunt, or do you think
52:11
this was with the intention of helping? I think
52:15
that Retta is one of, I really have a lot of
52:20
respect for her. I think she really, like, when
52:21
she has a cause that she loves, she goes after
52:23
it, and she works not for, like, recognition
52:26
but more to improve like the world so I do think
52:30
that she went after it with the goal of I want
52:34
to bring aid to these people I want to help these
52:36
people that's more maybe that's just me like
52:39
assuming based on her past actions but she just
52:42
to me does not seem like someone who does something
52:44
as a stunt more of like someone who does something
52:47
because she knows the good it'll bring to people
52:50
but i could be i could very well be wrong i also
52:53
don't know who the other people were with her
52:56
were any of them as big of like names as her
52:59
or no um not like to the extent that i knew who
53:05
they were um most of them were also a bit older
53:08
than her though because i think one of the most
53:10
compelling things about greta is that she is
53:13
young and she started being um an activist to
53:17
the like to the level she is at such a young
53:20
age um and so you know that's one of the main
53:25
things of that sets her apart from other activists
53:28
past and present um but i don't know if we still
53:33
have ryan here he's been having some technical
53:35
issues recently i think i'm here okay you are
53:38
here you okay i'm here i have a question for
53:40
you um so greta before they got intercepted did
53:47
an interview and she said that quote climate
53:50
justice and social justice are inseparable and
53:54
i was kind of wondering your opinion on this
53:56
do you think that these are two of like two causes
54:00
under the same umbrella or do you think that
54:02
they are two different things and what are your
54:05
opinions on greta verging or like veering more
54:09
into the social justice um realm Look, I'm going
54:14
to merge the two questions. Firstly, I read her
54:19
book. I admired Greta Thunberg when she protested
54:22
for climate activism. And I think she was good
54:26
at it. And I think she was genuine when she spoke
54:29
and when she made statements. However, look,
54:35
that is climate activism, which is a different
54:38
thing entirely than social activism. And I think
54:41
this is a PR stunt. I think that, look, if you
54:47
want to make the biggest change possible, if
54:49
you want to really help out Palestinians, which
54:52
is a commendable thing to do, there are better
54:58
ways. Supporting the Red Cross, supporting any
55:02
number of aid groups. But this is not the way
55:06
to get aid into Gaza. I mean, it is. You can
55:09
get aid into Gaza this way. Not in the numbers
55:12
and the amount of support you want. Remember,
55:13
they're on a boat. They can't just airdrop it
55:15
in like you can otherwise. So look, I think it
55:20
is A, limited, and B, just purely a PR stunt.
55:26
I think if she wants to make a difference, she
55:28
should do it by either making a financial contribution
55:31
to the Red Cross or any number of other things.
55:35
But I think this is mainly for the PR. I think
55:37
this is mainly to draw attention, which is fine.
55:39
but I think you can't draw attention and then
55:41
claim that your whole goal is to just help people
55:44
when there are much, much more effective ways
55:46
to do that. I think I'll share, I guess I'll
55:51
share my opinion on this. I actually kind of
55:53
have an opinion that kind of merges your, or
55:57
combines your two. I think that... It wasn't
56:02
a PR stunt in the extent of the whole entire
56:05
thing was to, you know, better themselves. Because
56:08
that's what a PR stunt is. It's to do something
56:11
to, you know, better off your following and your
56:15
social stance or your, you know, influence on
56:19
things. And I don't think necessarily that was
56:22
their goal. But I do think once they got to Gaza,
56:25
then that's when they would have that, you know.
56:30
do more interviews and do more um like uh like
56:37
video type forms to kind of not monetize off
56:41
of them but to have more of a visual of uh what
56:46
happens or like you know because this is a very
56:51
interesting um example because you know She said
56:55
we can't watch a live stream genocide and do
56:57
nothing. And I think it's, you know, very interesting.
56:59
This is one of the first wars or conflicts that
57:02
we have seen where social media has been such
57:05
an avid part. There are, you know, people on
57:09
both sides and in both countries that are showing,
57:15
you know, the daily life in each place and, you
57:18
know, the effects of war and what's happening
57:21
in each respective country. And I think that's
57:25
kind of what they were trying to do and do it
57:28
on a higher platform because they have this big
57:30
platform. But I do think they were trying to
57:32
bring aid and their intent wasn't a PR stunt,
57:36
but then it would switch more into a social presence.
57:40
Does that make any sense? I feel like sometimes
57:42
I talk and I don't make sense. No, it makes sense.
57:45
And also, I do agree. I don't think she's doing
57:48
this out of self -interest. I think she's just
57:51
doing this... She doesn't do anything in self
57:52
-interest. Greta is probably... Everybody does
57:54
something in self -interest, but I don't think
57:56
she's doing this in self -interest. I just think
57:58
if you want to make a difference, I understand
58:01
wanting to draw attention and wanting to do all
58:03
that, but I think there are better ways and more
58:05
effective ways. Don't quote me on this, but I
58:09
feel like, at least when I was in the third grade...
58:12
Didn't, like, wasn't there a whole thing about
58:14
how the Red Cross, like, you donate their money
58:16
and then they keep, like, half of it and then
58:18
they actually only use about half of your donation
58:19
to, like, actually do the humanitarian work?
58:23
Okay. I'm not sure. That might actually be true.
58:27
Well, true, but I can guarantee you from a dollar
58:29
per gram of rice standpoint, it is much more
58:33
effective not to sail your own boat with other
58:37
people with a, you know, Western state of living.
58:42
through a war zone to deliver just a boat's worth
58:45
of food right um financially just doesn't make
58:49
any sense and if there's some organization cut
58:53
off literally everywhere like the there's still
58:58
aid coming in by the way less of an extent their
59:02
whole point was to show the i think the another
59:05
part of their uh goal was to show the challenges
59:10
it is to bring aid over to gaza and that was
59:14
obviously c is a little different than by air
59:17
or um even i guess by land um but you know they're
59:24
showing the level of surveillance and kind of
59:28
protectance of stopping this aid from coming
59:31
in that was happening of course but if that's
59:33
your point that that's a media thing that's not
59:36
If you think that's their goal, then their goal
59:38
is not to actually bring the aid. Their goal
59:40
is to do the media around them. I wasn't saying
59:41
that was their main goal. I said that was part
59:43
of their goal. Okay. Anyways, all I'm saying
59:46
is if you look at it, I think there are much
59:48
more effective ways. I don't think that's crazy
59:51
to say that there are more effective ways. Return
59:53
to what were you saying? Move on. I was going
59:55
to say, I think it can almost seem like they're
59:58
using this to, like... bring more attention to
1:00:02
their platforms but it seems to me like they're
1:00:04
using their platforms to bring attention to the
1:00:06
cause i think they're easy things to get mixed
1:00:09
up especially when you see a well -known person
1:00:11
like advocating but i i still think in this case
1:00:15
they really were doing it with good intentions
1:00:17
yeah especially when she said using her platform
1:00:22
is a moral obligation yeah anywho i think we'll
1:00:26
leave off there do any of you have any last comments
1:00:30
I think that's it. Okay. We'll throw you over
1:00:34
to the outro. All right. I've been relegated
1:00:44
to do the outro, so here it goes. Thank you for
1:00:46
listening to today's podcast. We hope you liked
1:00:49
it. A few topics that we went pretty in -depth
1:00:52
on. If you want to get us at Instagram, project2028
1:00:56
.podcast. If you want to email us, project2028
1:00:58
.pod at gmail .com. We hope you enjoyed the episode.
1:01:03
If you have any suggestions, questions, anything,
1:01:06
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1:01:13
Have a good day.