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ICE/MN; Tariffs; Save Act; Taiwan & Japan; Iran; Venezuela; EU Deregulation? | Yaron Brook Show · Yaron Brook Show

• 0:04
  Speaker 1: Undamental principles.
• 0:06
  Speaker 2: I'll outdo rational cells and the individual wats.
• 0:14
  Speaker 3: This is the show, all right, everybody, Welcome to your
• 0:21
  Speaker 3: own book show on this Thursday, February twelve. Hope everybody's
• 0:27
  Speaker 3: having a fantastic week.
• 0:30
  Speaker 1: And uh yeah.
• 0:32
  Speaker 3: It's it's a really mid February. The time keeps chugging along,
• 0:35
  Speaker 3: all right.
• 0:36
  Speaker 1: Uh let's see.
• 0:39
  Speaker 3: Yeah, as I said, it shows all through the rest
• 0:42
  Speaker 3: of the month, pretty much every day, including Saturday and Sunday.
• 0:46
  Speaker 3: This coming weekend, I will put out notices and topics.
• 0:52
  Speaker 3: We'll also do a member show this month, either this
• 0:54
  Speaker 3: Sunday or next Sunday. I'll let you know what what
• 0:58
  Speaker 3: the topic will be saf or something else that we'll
• 1:02
  Speaker 3: cover in that show. Suggestions or welcome if you'd like
• 1:04
  Speaker 3: me to do an essay if you like the essay
• 1:07
  Speaker 3: shows those of you who are members, and I will
• 1:10
  Speaker 3: be gifting some memberships today maybe maybe if you're nice,
• 1:14
  Speaker 3: I'll give some memberships and so we will do a
• 1:18
  Speaker 3: members only show. So again, if you're interested in if
• 1:22
  Speaker 3: you're a member and you'd and you'd like the essay shows,
• 1:26
  Speaker 3: then let me know, all right. I'll also remind you
• 1:31
  Speaker 3: of the UK event February twenty eighth, four hours on
• 1:35
  Speaker 3: Capitalism plus dinner afterwards. A great time to hang out,
• 1:39
  Speaker 3: small group three hundred pounds. You can find information on it.
• 1:43
  Speaker 3: You're on book show dot com. Just scroll down to
• 1:47
  Speaker 3: the event sections and you will find the link to
• 1:50
  Speaker 3: the ever link, ever ever Bright, ever bright webpage. I know,
• 1:55
  Speaker 3: last time I did an event in London was how
• 1:57
  Speaker 3: to register and it was cumberssome I think this time
• 1:59
  Speaker 3: should be pretty straightforward. It's all through ever Bright. I
• 2:03
  Speaker 3: think it works fine. Somebody's already registered. We just we
• 2:06
  Speaker 3: just took it live yesterday. So I also put the
• 2:10
  Speaker 3: link in the link in the in the chat. If
• 2:13
  Speaker 3: you're in Europe coming over to London. Lots of things
• 2:17
  Speaker 3: to do in London, lots of fun to be had
• 2:18
  Speaker 3: in London, and god, so many song requests.
• 2:22
  Speaker 1: What's up? All right?
• 2:27
  Speaker 3: I mean, I'll take it, you know, nice, nice source
• 2:30
  Speaker 3: of revenue. I'm backed up on the reviews. I'll have
• 2:34
  Speaker 3: to catch up on all these reviews. But thank you
• 2:37
  Speaker 3: Lincoln for another one hundred dollars for a song. Yeah,
• 2:40
  Speaker 3: we haven't even started this show and we've already basically
• 2:43
  Speaker 3: made our first hot war target. So thank you guys,
• 2:45
  Speaker 3: I really really appreciate that, and keep it coming, keep
• 2:48
  Speaker 3: it coming, Let's keep going, blow away the numbers. We'll
• 2:51
  Speaker 3: make it a great February.
• 2:53
  Speaker 1: Let's make February a great month again.
• 2:56
  Speaker 3: Actually, last February super chat was really really good for
• 3:00
  Speaker 3: some reason.
• 3:01
  Speaker 1: You know, I follow this monthly. Oh wait, let's jump
• 3:03
  Speaker 1: in news Ice.
• 3:07
  Speaker 3: The Holman. Who is what is he technically? What is
• 3:13
  Speaker 3: his actual designation? He's the borders are. He's the borders are.
• 3:17
  Speaker 3: I don't know who I think he puts directly Trump.
• 3:19
  Speaker 3: I don't know if he puts through Gnome or not,
• 3:22
  Speaker 3: but the borders are. Tom Homan, who was sent to Minneapol, Minnesota,
• 3:27
  Speaker 3: really to clean up the mess that are being created
• 3:30
  Speaker 3: there by the shooting of two US citizens and just
• 3:33
  Speaker 3: the general harassment of the population in Minneapolis, but really
• 3:38
  Speaker 3: all of them. Minnesota announced today an end to the
• 3:42
  Speaker 3: immigration enforcement surge in Minnesota.
• 3:46
  Speaker 1: He said, in the.
• 3:47
  Speaker 3: Next week, we're going to deploy those offices here on
• 3:51
  Speaker 3: detail back to their home stations other areas of the
• 3:53
  Speaker 3: country where they are needed. Obviously, this is uh a
• 4:00
  Speaker 3: victory for anybody who lives in Minnesota. In Minneapolis, maybe
• 4:03
  Speaker 3: not a victory for the people who are now going
• 4:05
  Speaker 3: to get these agents in their backyard. But this is good,
• 4:12
  Speaker 3: you know, after weeks and weeks of basically ICE harassment
• 4:17
  Speaker 3: of hardworking people in Minneapolis, the shuttering of businesses, the
• 4:23
  Speaker 3: destruction of businesses, the destruction of.
• 4:26
  Speaker 1: Infrastructure, the.
• 4:29
  Speaker 3: Anger of people living in Minneapolis.
• 4:34
  Speaker 1: You know how many.
• 4:34
  Speaker 3: Arrests ICE made of immigrants committing fraud against the US government.
• 4:42
  Speaker 3: I think it's exactly exactly zero zero. And the number
• 4:47
  Speaker 3: of criminals, violent criminals, you know, is well under ten percent.
• 4:53
  Speaker 3: The rest just hardworking people living in Minnesota. Yes, they
• 4:57
  Speaker 3: don't have their docks.
• 5:00
  Speaker 1: For that.
• 5:01
  Speaker 3: They turned Minneapolis upside down. They disrupted lives, they ended neighborhoods,
• 5:08
  Speaker 3: and they literally destroyed the lives of two people and
• 5:13
  Speaker 3: their families.
• 5:14
  Speaker 1: So you know, they are they are it seems leaving now.
• 5:18
  Speaker 1: Homans said that, Yeah.
• 5:21
  Speaker 3: One of the reasons we're leaving is Minneapolis has now
• 5:24
  Speaker 3: decided to cooperate. Law enforcement is now cooperating with US,
• 5:27
  Speaker 3: and they're handing over all the criminals that they arrest
• 5:30
  Speaker 3: who are illegals. All evidence suggests that that was going
• 5:35
  Speaker 3: on before ICE showed up. The Minnesota has not changed
• 5:39
  Speaker 3: its operations one bit the uh end that indeed, you know,
• 5:49
  Speaker 3: basically nothing changed, nothing changed. Remember Gregory Ravino, who why
• 5:54
  Speaker 3: is the public face of the whole immigration enforcement in Minneapolis,
• 5:59
  Speaker 3: was basically removed from Minneapolis. Uh after after the second killing.
• 6:06
  Speaker 3: And yesterday there was a Senate Homeland Security Committee hearing
• 6:13
  Speaker 3: on the whole immigration actions in Minnesota. UH and UH
• 6:19
  Speaker 3: with the ICE acting director and uh, you know the
• 6:24
  Speaker 3: head of the Voter Protection Commissioner, the Customs and Border
• 6:27
  Speaker 3: Protection Commissioner.
• 6:28
  Speaker 1: Now I don't know did they report to the czar
• 6:31
  Speaker 1: or you know, we in America have zaras. Now you
• 6:34
  Speaker 1: know what that sounds pretty funny.
• 6:38
  Speaker 3: But zars are dictators, Russian dictators of all places. We've
• 6:44
  Speaker 3: imported the term zar from Russia we now have and
• 6:47
  Speaker 3: and every administration for a long time have been been
• 6:50
  Speaker 3: appointing zaras for different things, which is ridiculous.
• 6:53
  Speaker 1: Not clear what home and zara domain includes.
• 6:57
  Speaker 3: But uh, Anyway, these two in front of the Senate hearing,
• 7:02
  Speaker 3: they both denied the pretty for example, Petty's actions constituted
• 7:08
  Speaker 3: domestic terrorism.
• 7:09
  Speaker 1: That's good. They denied.
• 7:15
  Speaker 3: That they had described his action that way to Chrissynome
• 7:20
  Speaker 3: in spite of the fact that she used those terms, as
• 7:23
  Speaker 3: that Homeland Security advisor Stephen Miller used those terms, but
• 7:28
  Speaker 3: they denied they had ever.
• 7:30
  Speaker 1: Used those terms.
• 7:34
  Speaker 3: So who made comments to who made right did these guys?
• 7:38
  Speaker 3: These guys didn't want to comment on what Norman Miller said. Well,
• 7:41
  Speaker 3: somebody asked to take responsibility. I mean, this is an
• 7:43
  Speaker 3: administation where there is no well, there's a buck, but
• 7:47
  Speaker 3: it never stops anyway, It just gets shuffled on. I mean,
• 7:51
  Speaker 3: Bovino is the only one who suffered anything from the disaster.
• 7:55
  Speaker 3: There was the deployment of ICE to Minneapolis. I mean,
• 7:58
  Speaker 3: a lot of heads should have rolled, a lot of
• 8:01
  Speaker 3: heads should have rolled.
• 8:06
  Speaker 1: Anyway.
• 8:09
  Speaker 3: It's it's good to see that Minneapolis will now be
• 8:13
  Speaker 3: able to go back to normal, hopefully.
• 8:17
  Speaker 1: And that ICE will continue to do.
• 8:21
  Speaker 3: What ICE does when it when it doesn't have a
• 8:24
  Speaker 3: surge like that, the risk is and when they don't
• 8:28
  Speaker 3: shoot American citizens, then the risk is that they don't
• 8:32
  Speaker 3: get any attention, that we forget about them, and they
• 8:37
  Speaker 3: continue to do the same horrific things to people. They
• 8:40
  Speaker 3: continue to harass and detain and residents of the United States,
• 8:48
  Speaker 3: some of them citizens, some of them legal, some of
• 8:50
  Speaker 3: them illegal, don't have their dogs, and we forget about it.
• 8:57
  Speaker 3: So we on New on Bookshow will now forget. We
• 9:00
  Speaker 3: will keep monitoring Ice. We will keep searching for information
• 9:02
  Speaker 3: about ICE.
• 9:04
  Speaker 1: It is.
• 9:06
  Speaker 3: It is an organization that I believe needs to be dismanded,
• 9:08
  Speaker 3: should have been dismanded a long long time ago. They are,
• 9:13
  Speaker 3: you know, these stormtroopers, and they need they need to
• 9:16
  Speaker 3: be shut down.
• 9:17
  Speaker 1: And now we'll see.
• 9:19
  Speaker 3: Remember that Congress extended their budget for two weeks and
• 9:25
  Speaker 3: they're still the negotiating kind of changes to ICE protocols
• 9:30
  Speaker 3: in order to approve a new budget for ICE, and
• 9:34
  Speaker 3: so that is coming down the pipe. We'll see how
• 9:37
  Speaker 3: that develops and how that evolves, that'll probably be a
• 9:40
  Speaker 3: big news story next week. If not, the budget gets ended,
• 9:44
  Speaker 3: and then what happens, you know, maybe that's the way
• 9:47
  Speaker 3: to do it.
• 9:48
  Speaker 1: Just don't fund Ice, no more money for ICE. I
• 9:51
  Speaker 1: like that.
• 9:52
  Speaker 3: I hope they can't find a compromise. Let's do a
• 9:55
  Speaker 3: government shutdown focused on ICE. I generally like government shutdowns.
• 10:00
  Speaker 3: Government does so many things that are unnecessary and wasteful
• 10:05
  Speaker 3: and destructive and and bad, that you know, shutting it
• 10:09
  Speaker 3: down once in a while. I mean it's it's not
• 10:11
  Speaker 3: as good as shutting those activities down completely permanently, but
• 10:16
  Speaker 3: a little, a little reprieve from your local inspector, your
• 10:21
  Speaker 3: federal inspector is not not a bad thing. Uh.
• 10:25
  Speaker 1: Stive you a sense.
• 10:26
  Speaker 3: Of like how the people in Homeland Security are thinking?
• 10:31
  Speaker 3: Yet right the quality of the people who run Homeland Security.
• 10:36
  Speaker 3: This is the largest apartment in government. I think it's
• 10:40
  Speaker 3: it's maybe it's not as large as the Defense Department,
• 10:43
  Speaker 3: but second to Defense department, doesn't have as many employees
• 10:46
  Speaker 3: as the Defense Department. But other than Defenses, is the
• 10:49
  Speaker 3: largest apartment in the government. And it is.
• 10:56
  Speaker 1: It is a It is a monstrosity.
• 10:59
  Speaker 3: It was created after nine to eleven and given a
• 11:02
  Speaker 3: huge amount of power.
• 11:05
  Speaker 1: Homeland Security should be shut down.
• 11:07
  Speaker 3: It should you know, you used to have a border
• 11:09
  Speaker 3: agency and you should have a TSA should go. It
• 11:13
  Speaker 3: should be privatized. But the whole infrastructure which allows them
• 11:19
  Speaker 3: to create an ice entity that can be an internal
• 11:22
  Speaker 3: policing force at the federal level, all of that should
• 11:26
  Speaker 3: should be gone. I'm a free market guy, I know,
• 11:31
  Speaker 3: I get you know, I get constantly accused online of
• 11:34
  Speaker 3: being a leftist because if you disagree with Trump, you're
• 11:38
  Speaker 3: a leftist. If you're poor immigration, you're a leftist. But
• 11:41
  Speaker 3: I'm pro liberty. I'm pro freedom. And when I mean
• 11:45
  Speaker 3: freedom and liberty, I mean for the individual. I'm pro
• 11:48
  Speaker 3: individual rights. The right of the individual to pursue his
• 11:53
  Speaker 3: life as he sees fit, using his own judgment, to
• 11:56
  Speaker 3: pursue his own values without interference of anybody, you know,
• 12:01
  Speaker 3: as long as he's not violating somebody else's rights.
• 12:06
  Speaker 1: Let's be very.
• 12:06
  Speaker 3: Clear here, immigrants do not violate anybody's rights. You can
• 12:12
  Speaker 3: argue about, you know, in a warfare state, can we
• 12:14
  Speaker 3: have immigrants or not, But you have to recognize the
• 12:17
  Speaker 3: fact that immigrants do not violate anybody's rights. And if
• 12:22
  Speaker 3: taking warfare is a rights violation, while Americans violate those
• 12:26
  Speaker 3: rights at a much higher rate than immigrants do because
• 12:29
  Speaker 3: they consume much more welfare than immigrants do. And indeed,
• 12:36
  Speaker 3: immigration restriction like what ICE does, is a violation of
• 12:41
  Speaker 3: the rights of immigrants who have violated nobody's rights, and
• 12:45
  Speaker 3: yet their freedom is being constrained, and a valilation of
• 12:48
  Speaker 3: the rights of Americans who have the right to assemble,
• 12:52
  Speaker 3: have a right to interact, have a right to contract,
• 12:55
  Speaker 3: have the right to employ have a right to engage
• 12:57
  Speaker 3: with whoever they want as.
• 12:59
  Speaker 1: Long as they don't violate anybody else's rights.
• 13:01
  Speaker 3: And by interacting, engaging hiring immigrants that are violating in
• 13:07
  Speaker 3: American's rights, you do not have a right to a job.
• 13:09
  Speaker 3: For that matter, you don't even have a right to
• 13:11
  Speaker 3: your culture. So I'm for individual rights. That's the principle.
• 13:20
  Speaker 3: Everything you hear in the Iran book show everything is
• 13:25
  Speaker 3: an attempt to apply the principle of individual rights to
• 13:28
  Speaker 3: what's going on in the world today.
• 13:31
  Speaker 1: I know individual rights. I know it's hard.
• 13:34
  Speaker 3: It's the idea on which this country's founding is based.
• 13:38
  Speaker 3: It's the idea at the core of the Declaration of
• 13:41
  Speaker 3: Independence and the Constitution. It's the principle that animates it
• 13:46
  Speaker 3: should animate, has animated in the past this country. So
• 13:50
  Speaker 3: it makes America America, and all the crazy anti immigrants
• 13:56
  Speaker 3: out anti immigration out there, all the pro Trump intervention
• 14:01
  Speaker 3: in our lives, in the economy, and everything else, anti American,
• 14:06
  Speaker 3: the anti the founding, the anti the Declaration, because the
• 14:10
  Speaker 3: anti fundamentally anti individual rights. So while I don't mention
• 14:22
  Speaker 3: individual rights every single time we talk about it, that's
• 14:25
  Speaker 3: the principle animates all of this discussion anyway, just to
• 14:30
  Speaker 3: give you a sense of our little Homeland Security understands
• 14:34
  Speaker 3: the concept of rights, understands what makes America special, understands
• 14:39
  Speaker 3: that America is different than other countries, and then understands
• 14:43
  Speaker 3: and they don't understand the fact that America is unique,
• 14:48
  Speaker 3: is exceptional, and what makes it exceptional is your individual rights,
• 14:53
  Speaker 3: your liberty, your freedom as an individual.
• 14:56
  Speaker 1: This is a tweet today from Homeland Security. You know
• 15:00
  Speaker 1: they have an account. It's unbelievable.
• 15:04
  Speaker 3: Actually, here is a list of Latin American countries.
• 15:13
  Speaker 1: We're law enforcement.
• 15:15
  Speaker 3: Demand proof of identity under reasonable suspicion or during investigation,
• 15:21
  Speaker 3: whatever the hell that means.
• 15:23
  Speaker 1: I added, do whatever they and the list.
• 15:26
  Speaker 3: Argentina, Bolivia, Brazil, Chile, Colombia, Custovica, Cuba, Dominican Republic, Ecuador,
• 15:31
  Speaker 3: El Salvado, Guatemala, Haiti, Honduas Mexico, in Coagua, Panama, Paraguay, Peru, Uruguay,
• 15:38
  Speaker 3: and Venezuela.
• 15:39
  Speaker 1: I'm surprised they have Cuba in there.
• 15:41
  Speaker 3: They have Cuba, Cuba in Cuba, in Cuba, it's okay
• 15:46
  Speaker 3: for law enforcement to demand proof of identity. Wow, now
• 15:51
  Speaker 3: I'm reassured, and then they say.
• 15:53
  Speaker 1: Here's a list of countries.
• 15:55
  Speaker 3: We're leftists, I guess, like me, want this routine practice
• 15:59
  Speaker 3: to end the United States. I mean, is there a
• 16:08
  Speaker 3: way to express the anger, frustration, horror of a statement
• 16:17
  Speaker 3: like this. Please send this tweet to all those people
• 16:21
  Speaker 3: out there that you know personally who think this administration
• 16:24
  Speaker 3: is the greatest ever and ask them if this is
• 16:30
  Speaker 3: what they think America is. It should become like Cuba
• 16:35
  Speaker 3: in Nicoagua, you know, in Venezuela.
• 16:42
  Speaker 1: That's the standard.
• 16:46
  Speaker 3: In America. Law enforcement cannot demand proof of ign entity
• 16:53
  Speaker 3: unless there is you know, real, a real reason for it.
• 17:01
  Speaker 3: And even then, you, as an American, are not obliged
• 17:04
  Speaker 3: to provide it because you might not have it on
• 17:06
  Speaker 3: you because as Americans, we are not not requiet to
• 17:12
  Speaker 3: carry it. When you drive, you need a driver's license. Okay,
• 17:19
  Speaker 3: Other than that, I don't think you even need a
• 17:22
  Speaker 3: driver's license to walk along the streets in your neighborhood.
• 17:25
  Speaker 3: You know, Sully, a passport ber certificate prove you an American.
• 17:33
  Speaker 3: DNA test Maybe we should have got DNA profiles because
• 17:38
  Speaker 3: that's what they do in Cuba. So it's legit and
• 17:42
  Speaker 3: if you don't agree we're doing things the way they
• 17:45
  Speaker 3: do it in Cuba, you are a leftist, not the Cubans.
• 17:53
  Speaker 1: I mean, I don't know. This should be self evident.
• 18:03
  Speaker 3: I mean, and look, this is legitimate post Homeland Security
• 18:07
  Speaker 3: from their account, not a made up post. Not AI.
• 18:12
  Speaker 3: The bottom of Homeland Security wants the United States to
• 18:14
  Speaker 3: become more like Latin America, more like Cuban, more like Cuban.
• 18:21
  Speaker 3: They want to replace the Constitution with feign ideas about
• 18:25
  Speaker 3: law while claiming to make America great again. I said
• 18:32
  Speaker 3: this in twenty fifteen, and I've said it every year since.
• 18:38
  Speaker 3: Donald Trump and the people he has surrounded himself with
• 18:42
  Speaker 3: have no idea, no idea, what America is, what America represents,
• 18:50
  Speaker 3: what America is about, what American spirit is. I mean,
• 18:59
  Speaker 3: on one hand, they get all upset because bad money,
• 19:06
  Speaker 3: saying in Spanish. On the other hand, they want us
• 19:10
  Speaker 3: to trash the Constitution and embrace legal principles from Cuba.
• 19:18
  Speaker 3: In my mind, Puerto Rico Cuba. All right, I mean,
• 19:27
  Speaker 3: maybe we should send a check of our T shirt
• 19:30
  Speaker 3: to Donald Trump. Maybe you'll wear it.
• 19:31
  Speaker 1: I think you'll wear it. You know, it really is insane.
• 19:40
  Speaker 3: It really is.
• 19:41
  Speaker 1: A nuts bit. That's where we are.
• 19:46
  Speaker 3: And yes, this administration is worse than pretty much any other.
• 19:50
  Speaker 3: I mean the others were probably more really socialists, but
• 19:54
  Speaker 3: they hit it. They had enough respect from the American
• 19:57
  Speaker 3: people to hide it. This administration wants to make us
• 20:02
  Speaker 3: like Cuba, and they don't have any problem with telling us.
• 20:04
  Speaker 3: I mean, yes, I'm being a little flippant here, but
• 20:08
  Speaker 3: they want to make us like Latin America.
• 20:09
  Speaker 1: That's true.
• 20:10
  Speaker 3: And they have no no, not hiding at.
• 20:14
  Speaker 1: All all right.
• 20:17
  Speaker 3: Actually, unbelievably, really stunningly, Congress has acted with regard to
• 20:25
  Speaker 3: one very narrow specific issue. They've acted in a positive way,
• 20:29
  Speaker 3: in a way I support. That's very unusual, and in
• 20:32
  Speaker 3: a way Donald Trump won't like and indeed is going
• 20:36
  Speaker 3: to veto. Yesterday, yesterday, I think it was yesterday, there
• 20:42
  Speaker 3: was a.
• 20:42
  Speaker 1: Vote on.
• 20:45
  Speaker 3: Terminating the emergency tariffs under the iee PA, that is
• 20:53
  Speaker 3: the law that Trump is using this before the Supreme Court.
• 20:57
  Speaker 3: There was a resolution to terminate Crump's i ee PA
• 21:01
  Speaker 3: emergency tariffs on Canada, not overall, which is what they
• 21:07
  Speaker 3: should have done on Canada, a friend, and they voted
• 21:16
  Speaker 3: two undred nineteen to two hundred eleven indeed to terminate.
• 21:20
  Speaker 1: That included six Republicans flipping.
• 21:23
  Speaker 3: And voting with the Democrats.
• 21:29
  Speaker 1: Two hundred and ten Republicans.
• 21:31
  Speaker 3: Shame on those Republicans, don't vote for them, turndred, and
• 21:35
  Speaker 3: ten Republicans voted no.
• 21:40
  Speaker 1: One Democrat voted no.
• 21:41
  Speaker 3: Don't know who that is, flip him voting against him.
• 21:46
  Speaker 3: But the resolution passed to undred nineteen to two hundred
• 21:50
  Speaker 3: and eleven to terminate the emergency tariffs on Canada.
• 21:55
  Speaker 1: The Senate has already passed it.
• 21:57
  Speaker 3: They got what is it, three or four Republicans to
• 22:00
  Speaker 3: flip over, and they passed it in the Senate, and
• 22:05
  Speaker 3: that means it goes to Donald Trump and he will
• 22:07
  Speaker 3: veto it. And the shocking reality is that I don't
• 22:14
  Speaker 3: think you neither House io sentate there's enough a majority
• 22:17
  Speaker 3: to overturn his veto. It's shocking because this is not hard,
• 22:23
  Speaker 3: This is really easy. These tariffs broadly unconstitutional, so Congress
• 22:32
  Speaker 3: should repeal them, should vote against it. And they make
• 22:37
  Speaker 3: no sense. They're hurting the American people. They're destructive to
• 22:40
  Speaker 3: the American people. And like you could argue in some vague,
• 22:46
  Speaker 3: crazy way, okay, in other countries, this is a this
• 22:51
  Speaker 3: is to negotiate. This is national security. There's no emergency
• 22:55
  Speaker 3: on national security issue with Canada, in spite of the
• 22:58
  Speaker 3: Trumpet administration claim fentanyl does not come from Canada. And
• 23:07
  Speaker 3: you know, overwhelming majority of Congress from both parties should
• 23:13
  Speaker 3: be voted to terminate these crazy, stupid tariffs, and yet
• 23:19
  Speaker 3: you could only get six Republicans to flip. This is
• 23:23
  Speaker 3: a political party with no spine, no principles, no ideas.
• 23:28
  Speaker 3: I mean, the Democrats have always been like this, most
• 23:31
  Speaker 3: of the Democrats, and now an overwhelming majority of Republicans
• 23:34
  Speaker 3: are like this as well. And now we just have
• 23:36
  Speaker 3: two political parties with nothing, zero, nada.
• 23:40
  Speaker 1: They just go along, just go along, all right.
• 23:52
  Speaker 3: Also on tariffs, the CBO, the Congressional Budget Office, this
• 23:58
  Speaker 3: is a supposedly non partisan you know, budgeting. They the
• 24:03
  Speaker 3: ones that score the budgets. They make predictions about when
• 24:09
  Speaker 3: Congress proposes a budget, they say, this is how much
• 24:11
  Speaker 3: it's going to cost, this is going to be the deficit.
• 24:14
  Speaker 3: This is this long term consequences on the economy. This
• 24:17
  Speaker 3: is what the CBO does. Not particularly good at it,
• 24:21
  Speaker 3: but you know they try there as good as economists
• 24:24
  Speaker 3: can do. In a mixed economy about these kind of projections. Anyway,
• 24:28
  Speaker 3: The CBO says that President Trump's tariffs passed on to
• 24:36
  Speaker 3: the US economy almost entirely ninety which is consistent with
• 24:41
  Speaker 3: that study I told you about where it was ninety
• 24:43
  Speaker 3: six percent, both through what do you call it, US importers,
• 24:53
  Speaker 3: the companies, and then the consumers together pay ninety five
• 24:57
  Speaker 3: percent of all the tariffs. They also keep to the
• 25:00
  Speaker 3: conclusion the tariffs affect sixty of US imports and generally overall,
• 25:08
  Speaker 3: in terms of their impact, will reduce investment in the
• 25:12
  Speaker 3: United States, reduce employment, lower efficiency, and lower the level
• 25:17
  Speaker 3: of GDP. That is not that it would go down,
• 25:20
  Speaker 3: but it would be lower than otherwise, lower than otherwise.
• 25:27
  Speaker 3: So shockingly, even the government's own economists, the one working
• 25:32
  Speaker 3: for the politicians, acknowledge the destructive nature of Trump's taffs.
• 25:42
  Speaker 3: Trump and is you know, and is Congressional and other
• 25:47
  Speaker 3: you know cronies don't care.
• 25:49
  Speaker 1: They'll still push for them.
• 25:51
  Speaker 3: Even though reduces investment, reduces employment, reduces efficiency, and reduce
• 25:56
  Speaker 3: the GDP.
• 25:57
  Speaker 1: It's okay, they still have strategic purpose.
• 26:01
  Speaker 3: And all it is is a tax increase on Americans
• 26:05
  Speaker 3: we paid.
• 26:06
  Speaker 1: Oh and now bring back manufacturing.
• 26:08
  Speaker 3: Why is manufacturing employment down eighty t thousand jobs last year?
• 26:13
  Speaker 3: I guess, I guess jobs are not coming back. I
• 26:17
  Speaker 3: don't know who would have expected it. I wonder if
• 26:20
  Speaker 3: there's anybody out there, anybody out there who said, taifs
• 26:24
  Speaker 3: won't bring back manufacturing. Indeed, I wonder if there's somebody
• 26:28
  Speaker 3: out there who has set maybe for the last fifteen years,
• 26:34
  Speaker 3: manufacturing jobs are not coming back to the United States.
• 26:39
  Speaker 3: I don't know. Maybe somebody said that, hint, I did,
• 26:48
  Speaker 3: but many others did as well, not just me. Yeah,
• 26:58
  Speaker 3: let's see what else one of the things. Yeah, here's
• 27:01
  Speaker 3: an example of how it kills manufacturing. It not just
• 27:05
  Speaker 3: doesn't bring manufacturing back, it destroys manufacturing. So this is
• 27:12
  Speaker 3: a This is a company called Pierra. Some of you
• 27:15
  Speaker 3: might know it. It was founded It was founded in
• 27:20
  Speaker 3: nineteen ninety three, nineteen ninety three, and.
• 27:24
  Speaker 1: They produce guitar pedals. They manufactured guitar pedals.
• 27:30
  Speaker 3: I didn't know there was such a thing, right they
• 27:34
  Speaker 3: This is what they specialize it, and they are in
• 27:41
  Speaker 3: the United States. They produce these pedals in the United States.
• 27:47
  Speaker 3: This is what the this is what the owner has
• 27:52
  Speaker 3: to say. The founder, small phone, small company. You know
• 27:57
  Speaker 3: it's not going to lobby to get excludation from pedals,
• 28:01
  Speaker 3: but you say from tariffs, which you say, wait a minute,
• 28:04
  Speaker 3: they produce the paddles.
• 28:05
  Speaker 1: Here, so why are they any tariffs. Ah, this is
• 28:08
  Speaker 1: the big secret of tariffs, he says.
• 28:11
  Speaker 3: I really don't know how long I can keep going
• 28:13
  Speaker 3: with this, especially with what's going on in this world
• 28:18
  Speaker 3: and making less profit every year. It just doesn't seem
• 28:21
  Speaker 3: worth it anymore. He says. Every part we get is
• 28:26
  Speaker 3: going to cost fifty percent more due to tariffs. We
• 28:30
  Speaker 3: pay the tariffs, and then the consumer pays the tariffs.
• 28:34
  Speaker 3: China's not paying the tariffs. They never have, he says,
• 28:39
  Speaker 3: always being a problem with parts. In twenty twenty five,
• 28:42
  Speaker 3: the tariffs were charged were changing every month. There were
• 28:47
  Speaker 3: certain times where we had to say, don't ship our switches,
• 28:51
  Speaker 3: or don't ship us any prints of tone. These are overdrives,
• 28:57
  Speaker 3: I guess, because the tarts are too high right now
• 29:00
  Speaker 3: out Well, then we'll say okay, ship them now, and
• 29:04
  Speaker 3: then they get here and we have to pay twice
• 29:06
  Speaker 3: as much of the parts as we did before because
• 29:09
  Speaker 3: some genius decided to double the tariff that month.
• 29:14
  Speaker 1: So it's just pretty scary.
• 29:16
  Speaker 3: The reality is that manufacturers in the United States still
• 29:19
  Speaker 3: get parts from elsewhere. And if you think you can
• 29:22
  Speaker 3: bring the entire supply chain of the world back to
• 29:26
  Speaker 3: the United States, you're nuts. And if it did somehow happen,
• 29:32
  Speaker 3: our stand up living, our quality of life would tumble,
• 29:36
  Speaker 3: would be destroyed. Wages would go down, wealth would go down.
• 29:44
  Speaker 3: There's a reason why China make some of these things.
• 29:49
  Speaker 3: It's because you can't make a profit making them here
• 29:52
  Speaker 3: in the United States. And if you did, you have
• 29:55
  Speaker 3: to pay people nothing. And nobody's willing to pay for nothing.
• 30:00
  Speaker 3: Work for nothing in the United States. I mean very
• 30:01
  Speaker 3: low wages.
• 30:04
  Speaker 1: Oh, I mean maybe immigrants, but we don't allow them.
• 30:06
  Speaker 3: They're evil.
• 30:07
  Speaker 1: We don't allow immigrants, and we don't have expertise.
• 30:12
  Speaker 3: We don't know the people who want to do the
• 30:13
  Speaker 3: manual labor involved in this. I mean the jobs we
• 30:17
  Speaker 3: have today. Americans generally are better, They pay more. Most
• 30:27
  Speaker 3: of you sit on a chair in a desk and
• 30:31
  Speaker 3: work on a computer. That is so much easier than
• 30:35
  Speaker 3: working on an assembly line, and for the most part,
• 30:38
  Speaker 3: so much more interesting, so much less boring. I mean,
• 30:47
  Speaker 3: service shops.
• 30:48
  Speaker 1: Are dramatically superior.
• 30:52
  Speaker 3: To the kind of manufacturing jobs that's supposed that have
• 30:58
  Speaker 3: shifted to.
• 31:00
  Speaker 1: Automation or to or to China. Do we really want
• 31:09
  Speaker 1: those back, those jobs back.
• 31:15
  Speaker 3: It's insane to think that anybody does nothing good about
• 31:20
  Speaker 3: the good old days. There's nothing good about the good
• 31:23
  Speaker 3: old days in the fifties. Actually there was a good essay.
• 31:28
  Speaker 3: There's a good essay by uh John Cochrane.
• 31:39
  Speaker 1: On this.
• 31:40
  Speaker 3: Let's see if I can find it. Read you a
• 31:42
  Speaker 3: part of this? Yeah, I don't know if you I
• 31:46
  Speaker 3: don't know how you find his stuff? Now, God, those
• 31:50
  Speaker 3: are all like peepers. Where's the grumpy economist? Where's his
• 31:55
  Speaker 3: blog site? With a grumpy economist? I don't want to
• 31:59
  Speaker 3: know that the blog. Maybe that's a substack. Oh, he's
• 32:05
  Speaker 3: got a substack. That's right, you have to go to
• 32:06
  Speaker 3: a substack. All right, here we go. Let's see. Let's
• 32:11
  Speaker 3: see if I can read you this. If you're offered,
• 32:15
  Speaker 3: this is John Cockran, the economist. What was the best
• 32:20
  Speaker 3: eerror for the US economy? Many people say it was
• 32:23
  Speaker 3: the nineteen fifties, when, as fable goes, the economy was
• 32:26
  Speaker 3: growing robustly. Manufacturing was strong, there were good union jobs
• 32:31
  Speaker 3: for not very skilled people, and a man, a man,
• 32:35
  Speaker 3: sorry it was a man could buy a house and
• 32:39
  Speaker 3: support a family on such a job. Now, of course
• 32:42
  Speaker 3: we're women knew their place, and a man was a
• 32:43
  Speaker 3: man and had muscle whatever. Not so fast, John Conckin says,
• 32:48
  Speaker 3: look at the standard of living. Real growth Domester product
• 32:51
  Speaker 3: per capita, which is also national income to capita, sat
• 32:55
  Speaker 3: below nineteen thousand in nineteen fifty five. In twenty twenty
• 32:58
  Speaker 3: five it posts sixty nine thousand, five hundred. Now these
• 33:02
  Speaker 3: figures expressed in twenty seventeen dollars, thus accounting for inflation.
• 33:06
  Speaker 3: So no, it's inflation, price inflation. The average American is
• 33:12
  Speaker 3: about three point seven times better off today than in
• 33:16
  Speaker 3: nineteen ninety five.
• 33:17
  Speaker 1: Now that's this is me. Now, that's just.
• 33:21
  Speaker 4: In terms of GDP per capita, in terms of actual
• 33:25
  Speaker 4: being better off in terms of the better technology, instead
• 33:29
  Speaker 4: of in the sense that what we have available the
• 33:32
  Speaker 4: ability to extream like this, well like twenty times better off.
• 33:36
  Speaker 3: It's not even close. It's not even competitive. He says. Yes,
• 33:41
  Speaker 3: GDP grew faster than nineteen fifties. Real GDP per capita
• 33:44
  Speaker 3: grew twenty eight percent from nineteen forty nine to nineteen
• 33:47
  Speaker 3: fifty nine, and only eighteen percent from twenty nine to
• 33:51
  Speaker 3: twenty nineteen. Slowing growth is a major economic problem today. Yes,
• 33:55
  Speaker 3: we've talked about that.
• 33:57
  Speaker 1: But b that A is made. We eat levels, not
• 34:02
  Speaker 1: growth rates.
• 34:04
  Speaker 3: We might not be getting even better off as fast
• 34:07
  Speaker 3: as we were then, but we are still three times
• 34:10
  Speaker 3: three points seven times better.
• 34:12
  Speaker 1: Off and much much for.
• 34:15
  Speaker 3: He says how By jobs in August twenty twenty five,
• 34:18
  Speaker 3: one hundred and sixty three million people were employed in
• 34:21
  Speaker 3: the United States in August nineteen fifty five. Sorry, in
• 34:28
  Speaker 3: August twenty twenty five, one hundred and sixty three million
• 34:30
  Speaker 3: people were employed in August nineteen fifty five, sixty three million.
• 34:35
  Speaker 1: In other words, over the last what is it.
• 34:42
  Speaker 3: Seventy years, America's created one hundred million jobs one hundred
• 34:47
  Speaker 3: million jobs. This growth occurred even as manufacturing employment shrunk
• 34:53
  Speaker 3: and machines stick over. People found better and better paying jobs, jobs,
• 35:00
  Speaker 3: most in services. How's, an evangelist for union jobs of
• 35:05
  Speaker 3: the nineteen fifties, considered how dirty, dangerous, and mind numbing
• 35:10
  Speaker 3: it was to work in an assembly line. Isn't being
• 35:13
  Speaker 3: a desk drone, a nurse, a bank employee or any
• 35:17
  Speaker 3: of one hundred middle level service jobs a lot nicer in.
• 35:20
  Speaker 1: Addition to better paid.
• 35:23
  Speaker 3: In twenty twenty five, the unemployment rate was a fraction
• 35:28
  Speaker 3: unemployment rate. The fraction of workers looking for a job
• 35:31
  Speaker 3: stood at four percent. That's about the same as it
• 35:33
  Speaker 3: was in nineteen fifties. And he goes on and on.
• 35:41
  Speaker 3: You know, oh here it is. What about those easy
• 35:44
  Speaker 3: to buy houses. The average house size in nineteen fifties
• 35:48
  Speaker 3: was about one thousand squiffee, the famous Leavington houses with
• 35:54
  Speaker 3: seven hundred and fifty squiffeet.
• 35:56
  Speaker 1: Today it is about twenty.
• 35:59
  Speaker 3: Five hundred square, two point five times bigger, even though
• 36:03
  Speaker 3: the average number of people in a house has declined
• 36:07
  Speaker 3: from three point three to two point five, and modern
• 36:13
  Speaker 3: homes are much better, just by one example bathrooms number
• 36:18
  Speaker 3: of bathrooms, not to mention insulation and air conditioning and
• 36:21
  Speaker 3: dishwashers that come in the house and all the rest
• 36:25
  Speaker 3: of their appliances that come with outs. People are choosing
• 36:30
  Speaker 3: larger and more expensive homes. Nineteen fifties cause to men
• 36:36
  Speaker 3: of my age, he writes, evoke nostalgia. But they were awful,
• 36:41
  Speaker 3: unsafe russ buckets compared to today's boring SUVs. So yeah, I
• 36:57
  Speaker 3: mean he goes on and on and on and all
• 36:59
  Speaker 3: good stuff, all good stuff.
• 37:02
  Speaker 1: Any acknowledges some things were better in nineteen.
• 37:04
  Speaker 3: Fifties, like public schools and state universities were probably better.
• 37:11
  Speaker 3: And you know, out of wedlock births were lower. And
• 37:15
  Speaker 3: public infrastructure has gotten old and decrepit and hasn't been
• 37:18
  Speaker 3: maintained well or hasn't been refurbished the way it should be.
• 37:21
  Speaker 3: There's a bunch of things that indeed have gotten worse.
• 37:27
  Speaker 3: But any writs, Yeah, we have troubles, but would you
• 37:31
  Speaker 3: turn back the clock.
• 37:32
  Speaker 1: No way. The nineteen fifties was not Greece. That's a
• 37:37
  Speaker 1: reference to the movie.
• 37:38
  Speaker 3: For those of you who don't know, when was the
• 37:40
  Speaker 3: best year for the US economy, the answer twenty twenty
• 37:46
  Speaker 3: five were twenty twenty four a close second.
• 37:54
  Speaker 1: So yeah, I mean it's ridiculous. It's absolutely ridiculous.
• 38:00
  Speaker 3: Now, absolutely certain parts of the culture have deteriorated suddainly
• 38:05
  Speaker 3: since the nineteenth century, but others have improved dramatically. If
• 38:11
  Speaker 3: you're a woman, when would you rather live today or
• 38:15
  Speaker 3: in the nineteenth century we couldn't vote, and even you know,
• 38:21
  Speaker 3: gaining property was not that easy, opening a bank account
• 38:23
  Speaker 3: not that easy for women, huge discrimination against women. Rather
• 38:27
  Speaker 3: live today, I'm pro women. Maybe that's what makes me
• 38:31
  Speaker 3: a leftist. Maybe we should investigate what makes me a leftist.
• 38:35
  Speaker 3: The leftist argue if you're gay, ooh, leftist alert.
• 38:44
  Speaker 1: Your life is so much better today.
• 38:46
  Speaker 3: You don't have to hide in the closet, risk, you know,
• 38:51
  Speaker 3: risk public ostracizing you, maybe even going to jail in
• 38:57
  Speaker 3: some states. I mean, live is so much better, so
• 39:02
  Speaker 3: many different dimensions. Yeah, there are few that it's worse,
• 39:06
  Speaker 3: and that's what we need. A combat and certainly a
• 39:08
  Speaker 3: political culture is a lot worse, but let's keep it
• 39:13
  Speaker 3: in proportion. Economically, there's just no competition. There's just no competition.
• 39:20
  Speaker 1: Yeah.
• 39:20
  Speaker 3: Somebody says, for a car in the nineteen fifties, you
• 39:23
  Speaker 3: had to overhaul the car range at fifty thousand miles.
• 39:27
  Speaker 1: I mean you can you know, I have a Lexus ISSUV.
• 39:31
  Speaker 3: You can drive a Lexus ISSUV for easily three hundred
• 39:35
  Speaker 3: thousand miles and no major issue would be my guess.
• 39:38
  Speaker 3: I've driven another a cause close to two hundred thousand miles,
• 39:42
  Speaker 3: no major issue, nothing. So yeah, how did we get
• 39:53
  Speaker 3: to nostalgia? I don't know, but thank you John cochran
• 39:56
  Speaker 3: for I mean, he's one of my favorite people out
• 39:59
  Speaker 3: there in terms of economists. He does a good job.
• 40:02
  Speaker 3: He mostly stands up for the right causes. Good guy,
• 40:06
  Speaker 3: good guy. You can follow him, John Cochrane. He's got
• 40:08
  Speaker 3: a good sub stack.
• 40:12
  Speaker 1: All right. What else?
• 40:13
  Speaker 3: What else is going on? Well, oh, Congress is past.
• 40:17
  Speaker 3: Another thing the House has done. I don't think this
• 40:19
  Speaker 3: will pass the Senate. We'll see, but the House is
• 40:21
  Speaker 3: passed what's called the Save Act, which Republicans are characterizing
• 40:28
  Speaker 3: as a basic voter ID bill. I mean, this is
• 40:31
  Speaker 3: his idea that seems reasonable, absolutely reasonable, that when you
• 40:35
  Speaker 3: go to vote, you should have an ID that chose
• 40:39
  Speaker 3: that the name you claim to be associating with, that
• 40:43
  Speaker 3: your name is actually your name. So you want a
• 40:46
  Speaker 3: legit ID with your picture on it the chose that
• 40:49
  Speaker 3: it's you. Now, almost all Americans have drived his licenses
• 40:54
  Speaker 3: because they drive, and it's pretty much become the standard
• 40:57
  Speaker 3: ID in the country.
• 40:58
  Speaker 1: It's how we fly, we use our driver's licenses, we
• 41:02
  Speaker 1: use it everyway.
• 41:04
  Speaker 3: And you think that when you went to vote, all
• 41:06
  Speaker 3: you'd have to do is show a driver's license, right,
• 41:08
  Speaker 3: and then they would match it to their records of
• 41:12
  Speaker 3: whether you are a registered, authentic, legal voter, whether you
• 41:18
  Speaker 3: can actually vote. But no, Republicans wouldn't make it that easy,
• 41:25
  Speaker 3: not at all, not at all. This basic voter ID
• 41:31
  Speaker 3: bill does not mean a driver's license. Indeed, a driver's
• 41:36
  Speaker 3: license doesn't count. So and you can get Yeah, somebody
• 41:46
  Speaker 3: reminds me, you can get a a state ID even.
• 41:49
  Speaker 1: If you don't have a driver's license.
• 41:51
  Speaker 3: And of course the list of voters is supposed to
• 41:55
  Speaker 3: be screened for who's a citizen and who's not.
• 41:58
  Speaker 1: Now they don't want a driver so a state ID.
• 42:02
  Speaker 3: They want a passport, a passport or if you don't
• 42:06
  Speaker 3: have a password, they want a birth certificate with the
• 42:11
  Speaker 3: matches the name on your state ID on your drive slations.
• 42:19
  Speaker 3: Now that's a major, major hassle. Right, forty Americans don't
• 42:29
  Speaker 3: currently have a passport that matches.
• 42:33
  Speaker 1: They come a name.
• 42:36
  Speaker 3: If you take both certificates, eleven of Americans lack access
• 42:41
  Speaker 3: to a booth certificate. And fifty seven million women have
• 42:46
  Speaker 3: their last names from marriage that are difference on the ID,
• 42:51
  Speaker 3: that are different than their last name on the birth certificate,
• 42:55
  Speaker 3: which is they made a name so they would have
• 42:58
  Speaker 3: to update their birth certificate. Was most people never bother
• 43:02
  Speaker 3: and will never bother their entire life to do, but
• 43:04
  Speaker 3: now they would have to do it in order to
• 43:07
  Speaker 3: be able to vote. And if you've applied for passport
• 43:16
  Speaker 3: or try to get a new updated birth certificate from
• 43:18
  Speaker 3: your home state, you know that it's not an easy process.
• 43:25
  Speaker 3: It costs money, it takes time. The bureaucracy turns away.
• 43:29
  Speaker 3: They have all kinds of demands and requests, they misfile stuff.
• 43:35
  Speaker 3: But you might say, what about all those non citizens
• 43:38
  Speaker 3: that are voting where the state register is all wrong
• 43:41
  Speaker 3: and they allow them to vote even though they have
• 43:43
  Speaker 3: a driver's license, Because you can be an illegal immigrants
• 43:47
  Speaker 3: in the United States and some states and still get
• 43:49
  Speaker 3: a driver's license. So what about those people, Well, they
• 43:52
  Speaker 3: shouldn't be in the registry, but what if they are?
• 43:58
  Speaker 3: But after audit after audit after audit after audit after audit,
• 44:03
  Speaker 3: finds that the number of people registered to vote in
• 44:08
  Speaker 3: the directory that are not US citizens is a fraction
• 44:16
  Speaker 3: of one percent, one in twenty five hundred. That means
• 44:20
  Speaker 3: it's less than one tenth of one percent. How many
• 44:25
  Speaker 3: elections have been determined by that margin? Almost none. I
• 44:34
  Speaker 3: mean states like Texas, Georgia, Ohio, Michigan, Utah, Kansas. I've
• 44:39
  Speaker 3: done their own audits and non citizens ranged from one
• 44:43
  Speaker 3: in six thousand to one in two million of their
• 44:48
  Speaker 3: registered voters. And even then those illegals didn't vote. They
• 44:57
  Speaker 3: didn't want to take the risk, and would they vote.
• 45:02
  Speaker 3: A lot of.
• 45:02
  Speaker 1: Americans don't vote.
• 45:03
  Speaker 3: Why would the legal vote. When Kansas did a version
• 45:09
  Speaker 3: of this law, it purged approximately forty registered non citizens
• 45:14
  Speaker 3: from the rules forty four zero, not forty thousand, forty,
• 45:21
  Speaker 3: and prevented thirty one thousand legal citizens from registering because
• 45:26
  Speaker 3: they didn't have a passport, they didn't have the birth
• 45:27
  Speaker 3: certificate matchup seven and seventy five legal citizens stop by
• 45:34
  Speaker 3: every one non citizen. What's the cost benefit on that one.
• 45:41
  Speaker 3: It's insane. The whole thing is insane. I mean, I'm
• 45:46
  Speaker 3: fine with voters some kind of vote idea. I think
• 45:48
  Speaker 3: it's a little insane that you can come up and
• 45:50
  Speaker 3: just state your name and then go vote. So show
• 45:52
  Speaker 3: a voter idea and that's it. Show a driver's license
• 45:56
  Speaker 3: some kind of idea and that's it. And they would
• 45:58
  Speaker 3: get a lot of Democrats voting for that that's not
• 46:02
  Speaker 3: that controversial.
• 46:05
  Speaker 1: And the funny thing is.
• 46:08
  Speaker 3: That a lot of Republican voters are going to face
• 46:18
  Speaker 3: not being able to vote because a lot of Republican
• 46:21
  Speaker 3: voters I know, you know, don't have passports than not
• 46:27
  Speaker 3: the kind of people who travel. And a lot of
• 46:31
  Speaker 3: Republicans women are married. The single women are all Democrats.
• 46:42
  Speaker 3: So Republican women are married have their husband's last name.
• 46:47
  Speaker 3: I think that's part of being a Republican.
• 46:48
  Speaker 1: You have to take the.
• 46:49
  Speaker 3: Husband's last name. If you kept your own last name,
• 46:52
  Speaker 3: you must be a Democrat. I think that's one of
• 46:54
  Speaker 3: the left right splits. So this is likely to EFFI
• 47:01
  Speaker 3: Republicans more than Democrats. But that would require Republicans actually
• 47:06
  Speaker 3: think and actually process information and actually make considerations like
• 47:11
  Speaker 3: that and actually plan through that. And I don't think
• 47:14
  Speaker 3: they're capable. They certainly do not show any signs that
• 47:18
  Speaker 3: they're capable. Anyway, this bill is fast a House. We
• 47:21
  Speaker 3: will see what happens to We will see what happens
• 47:27
  Speaker 3: when this bill reaches the Senate.
• 47:29
  Speaker 1: It will go I assume.
• 47:31
  Speaker 3: Nowhere ooh, johnsays, didn't you want vote for Trump?
• 47:35
  Speaker 1: No? Did not. Never.
• 47:41
  Speaker 3: In twenty sixteen, I did not vote, and then I
• 47:44
  Speaker 3: moved to Puerto Rico and then cannot vote. So in
• 47:47
  Speaker 3: Puerto Rico, I cannot vote for presidents of twenty twenty
• 47:50
  Speaker 3: and twenty twenty four I did not vote. But let
• 47:52
  Speaker 3: me tell you, if I could vote, I certainly wouldn't
• 47:56
  Speaker 3: vote for Trump. I might not have voted at all,
• 47:58
  Speaker 3: which is what I did in twenty sixteen. I probably
• 47:59
  Speaker 3: would have just stayed home, you know, even though I
• 48:02
  Speaker 3: have a passport, an American one with my picture and
• 48:05
  Speaker 3: the right name on it, or at least the right name.
• 48:08
  Speaker 1: Yeah. So no, all right, we're gonna.
• 48:17
  Speaker 3: Step back from Trump insanity.
• 48:21
  Speaker 1: And just talk a little bit about Taiwan in Japan.
• 48:26
  Speaker 3: God, wow, fifty minutes are already passed, and I got all right,
• 48:30
  Speaker 3: I think we're going so. One of the reasons, or
• 48:35
  Speaker 3: maybe the primary reason Taiwan is so strategically important to
• 48:39
  Speaker 3: the United States and why a Chinese invasion of Taiwan
• 48:43
  Speaker 3: should be completely unacceptable to the United States is the
• 48:48
  Speaker 3: fact that the SMC basically produces all the high end
• 48:53
  Speaker 3: chips micro processes in the world today, and it is
• 48:59
  Speaker 3: essential for national security for the economy of the United
• 49:03
  Speaker 3: States to have access to the chips made by TSMC,
• 49:07
  Speaker 3: and those foundries are all in Taiwan.
• 49:10
  Speaker 1: And you know, TSMC.
• 49:14
  Speaker 3: Has built up a model for building those chips that
• 49:18
  Speaker 3: really is not being matched by anybody in the world.
• 49:21
  Speaker 3: They basically, I mean other companies have adopted this model
• 49:25
  Speaker 3: of Samsung and some Japanese companies will talk about but
• 49:29
  Speaker 3: basically the model is that TSMC doesn't design chips. They
• 49:35
  Speaker 3: accept designs from other companies like Apple and Nvidia, and
• 49:39
  Speaker 3: they fabricate them. They make them based on the design.
• 49:43
  Speaker 3: Most chip design, an overwhelming majority of chip design happens
• 49:48
  Speaker 3: in the United States, and almost all chip manufacturing happens
• 49:53
  Speaker 3: in Asia. Again, the high end almost all in Taiwan,
• 49:59
  Speaker 3: a little bit in South Korea well, of because this
• 50:02
  Speaker 3: creates a real national security issue because what happens if
• 50:07
  Speaker 3: there's war with China. What happens if they builcade Taiwan
• 50:11
  Speaker 3: and you cannot get ships out of Taiwan carrying those chips.
• 50:15
  Speaker 3: I mean, that would significantly do massive damage to use
• 50:18
  Speaker 3: economy and to use national security because those ships are
• 50:22
  Speaker 3: used for national security. And of course, the Chip Act,
• 50:28
  Speaker 3: which is something that the Biden administration introduced, try to
• 50:32
  Speaker 3: address that by you know, subsidizing and you know, providing
• 50:37
  Speaker 3: all kinds of financial incentives to t SC to build
• 50:41
  Speaker 3: in the United States, for Intel to develop chip building capabilities.
• 50:46
  Speaker 3: It still makes some chips in the United States, but
• 50:48
  Speaker 3: it needs to get better at it and be profitable
• 50:51
  Speaker 3: at it. And I talk a lot about chips because
• 50:55
  Speaker 3: I know this is not part of the culture war
• 50:56
  Speaker 3: was so it's not sexy out there in TikTok Land,
• 51:01
  Speaker 3: but it is super crucial to American national security and
• 51:04
  Speaker 3: the American economy and to our stand up a living
• 51:08
  Speaker 3: quality of life.
• 51:09
  Speaker 1: Those are the issues that I care about.
• 51:11
  Speaker 3: A lot of the culture issues are not that interesting
• 51:14
  Speaker 3: to me, even though some of them are super important.
• 51:22
  Speaker 3: So the Ship Act try to bring manufacturing problem is
• 51:28
  Speaker 3: the United States just you know, there's a big plants
• 51:30
  Speaker 3: supposed to building in Ohio, and there's a plant in
• 51:32
  Speaker 3: Arizona that TSMC built. None of those plants are actually
• 51:36
  Speaker 3: building the highest end chips and to a loge extent,
• 51:39
  Speaker 3: because you don't have the skilled labor in the United
• 51:44
  Speaker 3: States to do it. You don't have enough engineers, we
• 51:47
  Speaker 3: don't have enough workers. We just don't. We don't have
• 51:51
  Speaker 3: the personnel to be able to build these things, and
• 51:53
  Speaker 3: we're not gonna get them from immigrants because we're anti immigrations,
• 51:57
  Speaker 3: so we don't want any immigrants coming into the United
• 51:59
  Speaker 3: States taking jobs Americans can't do. So you're just not
• 52:04
  Speaker 3: gonna get the most sophisticated stuff here. Also, chip making
• 52:08
  Speaker 3: requires a lot of water. I didn't know this, did
• 52:11
  Speaker 3: you guys know this? To do to make chips, you
• 52:13
  Speaker 3: need a lot of water. Arizona Phoenix generally not a
• 52:17
  Speaker 3: great place to make chips given water shortages over there.
• 52:22
  Speaker 3: Now they've found ways with TSMC to make it more
• 52:25
  Speaker 3: to to somehow get around this, and and and and
• 52:28
  Speaker 3: not dry the place up completely because it's already dry.
• 52:31
  Speaker 3: But you can't scale that. Ohio is a little better
• 52:35
  Speaker 3: for that. And you know, Trump is again taking a
• 52:43
  Speaker 3: position ten percent interest in Intel, and again is trying
• 52:46
  Speaker 3: to encourage TSMC to build more plants in the United
• 52:49
  Speaker 3: States and all this stuff. But where the employee is
• 52:51
  Speaker 3: gonna come from? How are you gonna how you're gonna Actually,
• 52:53
  Speaker 3: you can't build them in the US. It's just not
• 52:55
  Speaker 3: gonna happen. It's not gonna happen. We're not gonna have
• 53:00
  Speaker 3: large scale ship production in the US. And you're not
• 53:04
  Speaker 3: going to get the top technology. But and then we
• 53:08
  Speaker 3: need a diversify we like the free world needs to
• 53:12
  Speaker 3: diversify its sources of chips away from China. And this
• 53:17
  Speaker 3: is where really Japan comes in, and certainly this Japanese
• 53:20
  Speaker 3: government is certainly on top of this, and there are
• 53:25
  Speaker 3: a number of areas now in Japan, these areas that
• 53:29
  Speaker 3: can get The nice thing about Japan is they have
• 53:32
  Speaker 3: nuclear power and they can. They've got a lot of
• 53:35
  Speaker 3: nuclear pop plants they've shut down, but they can recommission them.
• 53:37
  Speaker 1: They can.
• 53:38
  Speaker 3: There's plenty of power because of nuclear in Japan. There's
• 53:42
  Speaker 3: plenty of water in Japan. And there are a number
• 53:45
  Speaker 3: of regions now, a couple of regions really that are
• 53:48
  Speaker 3: basically developing the technology and the capabilities of competing with TSMC.
• 53:58
  Speaker 3: Japan used to be a chip manufacturing fabrication powerhouse in
• 54:03
  Speaker 3: the nineteen eighties and early nineties and a lot of
• 54:06
  Speaker 3: the skill set still exists in Japan. Indeed, Japan to
• 54:10
  Speaker 3: this day is vital for the production of chips.
• 54:14
  Speaker 1: They basically the elements that go into chip.
• 54:18
  Speaker 3: Production from I don't know, all semi conductive materials that
• 54:26
  Speaker 3: are very difficult to produce the coding and the waifer
• 54:30
  Speaker 3: things like that all come from Japan to Taiwan. So
• 54:34
  Speaker 3: they have a big chunk of the semiconductive supply chain
• 54:38
  Speaker 3: already in Japan. What they need now is the fab
• 54:42
  Speaker 3: They have engineers. They are actively recruiting engineers and Silicon
• 54:45
  Speaker 3: Valley to come to Japan. By melody Japanese who left
• 54:49
  Speaker 3: Japan and went to work in silicon value. They're trying
• 54:51
  Speaker 3: to get them back. America is not very hospitable right
• 54:54
  Speaker 3: now to faigners, so it's a great opportunity to get
• 54:57
  Speaker 3: them to come back. And Japan is building up a
• 55:06
  Speaker 3: significant fab industry, an industry to be able to make
• 55:11
  Speaker 3: the most advanced chips in the world, to compete with
• 55:16
  Speaker 3: and really to provide diversification from TSMC. One of the
• 55:22
  Speaker 3: differences the Japanese model is that they will they won't
• 55:25
  Speaker 3: do the mass.
• 55:26
  Speaker 1: Production TSMC does.
• 55:28
  Speaker 3: T SMC you know, will build you know, chips for
• 55:32
  Speaker 3: an Apple iPhone which is going to sell a hundred
• 55:34
  Speaker 3: million copies. You need one hundred million of the chips.
• 55:37
  Speaker 3: TSMC can do it. What the Japanese are specializing in
• 55:42
  Speaker 3: is the kind of chips that AI startups need specialized chips,
• 55:47
  Speaker 3: chips that you want a relatively small batch up, and
• 55:53
  Speaker 3: you know, can take a long time at TCMC to
• 55:55
  Speaker 3: go from getting the plan all the way to the
• 55:58
  Speaker 3: chip production.
• 55:59
  Speaker 1: I think it's one hundred and fifty days.
• 56:01
  Speaker 3: The Japanese are going to cut that to thirty maybe
• 56:04
  Speaker 3: fifteen days, and they're going to specialize in the small batches.
• 56:10
  Speaker 1: And in the Ai side of these.
• 56:12
  Speaker 3: Chips, and so I think we're going to see some
• 56:16
  Speaker 3: diversification away from Taiwan. I think TSMC itself is building
• 56:22
  Speaker 3: fab manufacturing facilities in Japan, so it itself is diversified
• 56:29
  Speaker 3: so that it doesn't as a company will I totally
• 56:31
  Speaker 3: on its facilities in Taiwan in case of war or
• 56:38
  Speaker 3: you know, some other some of the conflict with China. Now,
• 56:42
  Speaker 3: it's still true that all of these assets are in
• 56:45
  Speaker 3: Southeast Asia and China could block the shipping lanes, but
• 56:48
  Speaker 3: that's where the US Navy would come in handy. So
• 56:54
  Speaker 3: a lot of people are calling Japan now the second Taiwan.
• 56:58
  Speaker 3: You know, it used to be Japan was the technology
• 57:01
  Speaker 3: hub at least in chips that moved to Taiwan. Now
• 57:05
  Speaker 3: Japan is trying to compete with Taiwan. We'll see how
• 57:07
  Speaker 3: this evolves. But they're attracting a significant number of people
• 57:11
  Speaker 3: from Silicon Valley to to Tokyo. Not Tokyo, it's outside Tokyo. Uh,
• 57:19
  Speaker 3: it's it's in One is one centers in the north,
• 57:22
  Speaker 3: the other is for the south. Uh. These are centers
• 57:24
  Speaker 3: that are going to be producing chips and important. One
• 57:28
  Speaker 3: other point I wanted to make about Taiwan without I
• 57:31
  Speaker 3: just found it interesting. I got this, I got this
• 57:35
  Speaker 3: email or website. I can't figure what it was anyway.
• 57:38
  Speaker 3: It's called Visual Capitalists. They do graphs and one of
• 57:41
  Speaker 3: the things they published this thing called ranked defense spending
• 57:45
  Speaker 3: capita by country. So what guess which country in the
• 57:50
  Speaker 3: world spends the most money capita on defence? Which country
• 57:57
  Speaker 3: in the world spends the most money put capita on defense.
• 58:04
  Speaker 3: I'll give you a minute to think about it. You
• 58:06
  Speaker 3: can say it in the chat, but it really I mean,
• 58:12
  Speaker 3: I'm looking at this. It's super interesting to see this
• 58:16
  Speaker 3: and a little scary in terms of countries that maybe
• 58:21
  Speaker 3: don't spend enough money on per capita on defense. Russia,
• 58:29
  Speaker 3: no way, Ukraine, no way close. And Russia's is yeah,
• 58:36
  Speaker 3: no way, even with the war. Now these are twenty
• 58:39
  Speaker 3: twenty four numbers, even with the war. It's no way,
• 58:42
  Speaker 3: no way, even close to It's not even in the
• 58:46
  Speaker 3: ten top ten. Let's see, Russia is in the top twenty,
• 58:48
  Speaker 3: it's number fifteen. Ukraine not even in the top twenty four.
• 58:56
  Speaker 3: Oh no, sorry, scrap out about Ukraine. Ukraine is number six.
• 59:00
  Speaker 3: Ukraine's up there, Ukraine's up there. Poland, Poland, Poland is
• 59:05
  Speaker 3: none in the top twelve. Yeah, Poland is number sixteen,
• 59:12
  Speaker 3: so just below Russia on a p capita basis, this
• 59:16
  Speaker 3: is all the capita China.
• 59:19
  Speaker 1: Oh god, you know how many people live in China? China?
• 59:23
  Speaker 3: Where is China? Yeah, I don't know where China is.
• 59:27
  Speaker 3: Let me just see, it's not in the top twelve.
• 59:31
  Speaker 3: It's not even close to the top twelve in a capita.
• 59:33
  Speaker 3: I mean, just think about how many people live in China.
• 59:35
  Speaker 3: It's not gonna be India either, because think of how
• 59:38
  Speaker 3: many people live in India. So where is China's number
• 59:41
  Speaker 3: twenty seven? Twenty seven on the capita? USA is actually
• 59:48
  Speaker 3: number two. Usa is number two. Yeah, I mean by far,
• 59:54
  Speaker 3: it really isn't even close, and by a big gap
• 59:58
  Speaker 3: with the United States.
• 59:59
  Speaker 1: Being number two is Israel.
• 1:00:01
  Speaker 3: It's all spends about five thousand dollars per capita on
• 1:00:07
  Speaker 3: national defense. The United States is number two, spends about
• 1:00:11
  Speaker 3: just under three thousand dollars per capita on defense. Number three, surprisingly,
• 1:00:19
  Speaker 3: well maybe not surprisingly given where they are in the world,
• 1:00:22
  Speaker 3: is Singapore, which spends twenty five hundred per capita, you know,
• 1:00:27
  Speaker 3: fifteen billion dollars on defense. Right, Singapore is at a
• 1:00:33
  Speaker 3: is right located at a crucial shipping roade. It's near
• 1:00:39
  Speaker 3: the Straits of Malaca or one of the straits, the
• 1:00:44
  Speaker 3: connect South Asia to East Asia, the connect to the Pacific,
• 1:00:48
  Speaker 3: and it's crucial. Saudi Arabia, of all countries, Saudi Arabia
• 1:00:53
  Speaker 3: spends eighty billion dollars, double what Israel spends on you know, military,
• 1:01:01
  Speaker 3: but of course has a much larger populations. It spends
• 1:01:04
  Speaker 3: twenty three hundred and eighty six. But think about it,
• 1:01:07
  Speaker 3: Saudi Arabia is spending double what Israel is on national defense.
• 1:01:11
  Speaker 3: I mean that should scare the Israelis and then it's
• 1:01:14
  Speaker 3: no way. Number five. Norway is the top European country
• 1:01:17
  Speaker 3: in terms of capita spending. Ukraine, Denmark, Kuwait, Netherlands, Australia, Finland,
• 1:01:25
  Speaker 3: United Kingdom. Number thirteen is Sweden fourteen, Germany fifteen, Russia sixteen,
• 1:01:32
  Speaker 3: Poland seventeen, France eighteen, South Korea nineteen Canada seven hundred
• 1:01:40
  Speaker 3: and forty two dollars per person on national defense. What
• 1:01:43
  Speaker 3: country is missing from that list? What country would you
• 1:01:48
  Speaker 3: think would spend a lot of money per capita on
• 1:01:53
  Speaker 3: national defense? Needs to spend a lot of money on
• 1:01:58
  Speaker 3: national defense. Give you a minute to think about one
• 1:02:03
  Speaker 3: country that I didn't list that should be spending a lot.
• 1:02:06
  Speaker 3: I mentioned UK that's number twelve. Yeah, Taiwan. I was
• 1:02:12
  Speaker 3: stunned by these numbers. Like, Taiwan is number twenty. It
• 1:02:17
  Speaker 3: spends seven hundred and eight dollars per capita on national defense.
• 1:02:23
  Speaker 3: Germany spends more is what we already said is number one,
• 1:02:30
  Speaker 3: So Taiwan number twenty. Taiwan spends sixteen billion dollars a
• 1:02:34
  Speaker 3: year on national defense, which is insane. That's the same
• 1:02:38
  Speaker 3: as Singapore, and yet the Chinese are not invading Singapore.
• 1:02:43
  Speaker 1: They have said they are invading Taiwan.
• 1:02:47
  Speaker 3: You would think Taiwan would spend real money on its
• 1:02:53
  Speaker 3: national defense. Now they're ramping up. But still another country
• 1:02:58
  Speaker 3: that I have not mentioned that is up significantly is Japan.
• 1:03:03
  Speaker 3: Japan spends four hundred and forty six dollars per person
• 1:03:07
  Speaker 3: on national defense on military spending fifty five billion, but
• 1:03:11
  Speaker 3: it's fifty five billion versus Taiwan sixteen. If Taiwan wants
• 1:03:16
  Speaker 3: to protect itself against China, Let's see how much China
• 1:03:19
  Speaker 3: spends on national on the military.
• 1:03:22
  Speaker 1: It spends three hundred and fourteen billion.
• 1:03:27
  Speaker 3: So China is the second largest spender on the military
• 1:03:30
  Speaker 3: after the United States. It's twenty four. It's twenty seven
• 1:03:35
  Speaker 3: on a capita basis. But something's wrong with Taiwan if
• 1:03:40
  Speaker 3: they're only spending sixteen billion, And.
• 1:03:48
  Speaker 1: You know, I think that's pathetic.
• 1:03:50
  Speaker 3: And you know, this is one thing I think Trump
• 1:03:53
  Speaker 3: is right about that these countries should spend real money
• 1:03:58
  Speaker 3: on the national defense before they expect the United States
• 1:04:01
  Speaker 3: to come and help them. And Taiwan needs to increase
• 1:04:04
  Speaker 3: spending on national defense significantly. I'd like to see them,
• 1:04:07
  Speaker 3: on a capita basis be at least where Singapore is,
• 1:04:13
  Speaker 3: which would mean they spend and they should be spending
• 1:04:16
  Speaker 3: as much as Israel spends. They have a lot larger population.
• 1:04:21
  Speaker 3: It spends forty seven billion. You should expect Taiwan to
• 1:04:25
  Speaker 3: spend forty seven billion. I mean it.
• 1:04:27
  Speaker 1: Faces China.
• 1:04:30
  Speaker 3: Is all faces Hamas because my line you Wan inside
• 1:04:33
  Speaker 3: maybe all these other countries, but Taiwan's faces China. It
• 1:04:38
  Speaker 3: better ramp up and quickly. Japan better ramp up and quickly.
• 1:04:43
  Speaker 3: South Korea better ramp up and quickly. South Korea spends
• 1:04:46
  Speaker 3: about the same amount as Israel, one fifth per capita
• 1:04:52
  Speaker 3: on a p.
• 1:04:53
  Speaker 1: Capita basis one fifth.
• 1:05:03
  Speaker 3: You know, these countries need to wake up, wake up,
• 1:05:06
  Speaker 3: because that spending level will only encourage.
• 1:05:08
  Speaker 1: The bad guys. All right, what do we have? Okay,
• 1:05:13
  Speaker 1: we can do this quickly. Okay, you on.
• 1:05:16
  Speaker 3: You know, we'll keep monitoring you on. The US keeps
• 1:05:19
  Speaker 3: building up resources around your on. Trump met yesterday with Nintennello,
• 1:05:24
  Speaker 3: and they came out of the meeting and basically said,
• 1:05:26
  Speaker 3: the United States wants to follow the path of negotiations.
• 1:05:30
  Speaker 1: Trump wants a deal.
• 1:05:32
  Speaker 3: Ntenello doesn't think he's going to get it a good deal,
• 1:05:35
  Speaker 3: but Trump definitely wants to pursue a deal. Trump bossas
• 1:05:39
  Speaker 3: said he's sending a second aircraft carrier group to the
• 1:05:42
  Speaker 3: Middle East. God that's going to take at least a
• 1:05:45
  Speaker 3: couple of weeks to get there, so that is not
• 1:05:48
  Speaker 3: going to happen. I am actually for the first time ever,
• 1:05:51
  Speaker 3: you will hear me say this, Yeah, this is pretty shocking.
• 1:05:56
  Speaker 1: I am now or delayed strike an Iran.
• 1:06:03
  Speaker 3: I do not want to strike any I wan to
• 1:06:05
  Speaker 3: happen in the next week. As of next Thursday, I'm okay.
• 1:06:12
  Speaker 3: But until next Thursday, I'm all in. I'm going to
• 1:06:16
  Speaker 3: oppose an Iranian strike, not that anybody listens to me.
• 1:06:20
  Speaker 3: And that's because my wife just flew to Israel. Her
• 1:06:24
  Speaker 3: mother passed away and she and she flew over to
• 1:06:27
  Speaker 3: be with her family, and I don't want I don't
• 1:06:32
  Speaker 3: want her to be there when Iran retaliates against Israel.
• 1:06:37
  Speaker 3: So once she's come back, once she's back in Puerto Rico,
• 1:06:40
  Speaker 3: go for it, guys.
• 1:06:42
  Speaker 1: That's good.
• 1:06:43
  Speaker 3: But anyway, back to the back to the the point is,
• 1:06:48
  Speaker 3: I don't know what Trump's doing. He's negotiating the art
• 1:06:51
  Speaker 3: of the deal. The deal so far have not looked
• 1:06:54
  Speaker 3: very good, not looked positive. But the deals he's gotten
• 1:06:59
  Speaker 3: from anybody else, but he will, you know, he will
• 1:07:03
  Speaker 3: continue to pursue them. And the Carrier group is serious
• 1:07:08
  Speaker 3: about it. It's at least two weeks. They're not ready
• 1:07:11
  Speaker 3: to deploy yet. There's enough assets in the Middle East
• 1:07:16
  Speaker 3: right now by the United States to destroy Iran.
• 1:07:19
  Speaker 1: Many times over.
• 1:07:21
  Speaker 3: There's enough assets in the Middle East right now to
• 1:07:23
  Speaker 3: protect most of the Middle East against Iranians incompetent army
• 1:07:30
  Speaker 3: and military. There's no air force or there is a
• 1:07:32
  Speaker 3: ballistic missiles. There's so many anti missile batteries there. You
• 1:07:39
  Speaker 3: would think this would be it. But Trump is.
• 1:07:42
  Speaker 1: Delaying, delaying the ling, delaying the ling in the mean time.
• 1:07:49
  Speaker 3: In the mean time, Iran just celebrated the anniversary of
• 1:07:54
  Speaker 3: the nineteen seventy nine revolution, and the UN Secretary General
• 1:08:04
  Speaker 3: congratulated the Islamic Republic of Iran on the anniversary without
• 1:08:11
  Speaker 3: mentioning the fact that they just killed forty thousand of
• 1:08:13
  Speaker 3: their own people.
• 1:08:14
  Speaker 1: Not it would this is the UN.
• 1:08:20
  Speaker 3: The deadlist two day massacre in Iranian history, and maybe
• 1:08:24
  Speaker 3: in the last seventy years in a you know, of
• 1:08:31
  Speaker 3: their own people where the government just slaughtered them, and
• 1:08:40
  Speaker 3: the UN congratulated the administration the regime on achieving I mean,
• 1:08:47
  Speaker 3: in addition, just as a UN you know, the UN
• 1:08:51
  Speaker 3: always is so good at this the Islamic regime in
• 1:08:54
  Speaker 3: Iran has just been elected as Vice chairman of the
• 1:08:58
  Speaker 3: UN's Commission for Social Development. The priority themes of the
• 1:09:03
  Speaker 3: Commission are promoting democracy, gender equality and insurance, tolerant in
• 1:09:09
  Speaker 3: ensuring tolerance and nonviolence. Can you think of a regime
• 1:09:15
  Speaker 3: less qualified to be on such a commission than the
• 1:09:21
  Speaker 3: Ranian one?
• 1:09:23
  Speaker 1: Maybe the Afghan.
• 1:09:26
  Speaker 3: They compete on who's more against gender equality and nonviolence nonviolence?
• 1:09:35
  Speaker 3: A regime that just killed who knows how many, but
• 1:09:38
  Speaker 3: by some measures, close to forty thousand of their own people.
• 1:09:45
  Speaker 1: In addition, the regime.
• 1:09:46
  Speaker 3: Has invited influences from TikTok and YouTube and everywhere else
• 1:09:52
  Speaker 3: to come to you on to help celebrate the anniversary
• 1:09:55
  Speaker 3: of the Islamic Revolution, particularly from the UK and from Europe,
• 1:10:00
  Speaker 3: and many have gone and you can find online all
• 1:10:03
  Speaker 3: these influences reporting from the midst of you on about
• 1:10:10
  Speaker 3: the wonders of the Islamic Revolution and the wonders of
• 1:10:14
  Speaker 3: Yuan today, and how beautiful and amazing and how happy
• 1:10:18
  Speaker 3: the people really are, and no mention of the slaughter
• 1:10:23
  Speaker 3: of forty thousand Iranians by their own regime just a
• 1:10:27
  Speaker 3: few days ago.
• 1:10:32
  Speaker 1: I mean, the BBC.
• 1:10:34
  Speaker 3: BBC News at six from Yuan, you know, basically reported
• 1:10:41
  Speaker 3: on you know the you know it focused on economic woes,
• 1:10:48
  Speaker 3: right and the protesters, fallen backers, but generally whitewashed all
• 1:10:53
  Speaker 3: of that in the name of celebrating the Iranian regime.
• 1:11:00
  Speaker 3: I mean, the VBC has become a propaganda arm.
• 1:11:05
  Speaker 1: For the Mulas.
• 1:11:07
  Speaker 3: For the Mulas, it's just insane.
• 1:11:13
  Speaker 1: Now, I don't know what's gonna happen.
• 1:11:16
  Speaker 3: You know, the challenge I think everybody has is what
• 1:11:19
  Speaker 3: happens if you kill how many who replaces him? You
• 1:11:22
  Speaker 3: would think the US is negotiating with the alternative opposition
• 1:11:27
  Speaker 3: regime opposition figures.
• 1:11:29
  Speaker 1: You think that they'd have some kind of solution for that.
• 1:11:32
  Speaker 3: Israel can probably destroy this regime, but it can't replace it.
• 1:11:39
  Speaker 3: That would require kind of the US heft. But I
• 1:11:44
  Speaker 3: don't know if the US is willing to do what's necessary,
• 1:11:47
  Speaker 3: And I don't know what Israel does if Trump signs
• 1:11:50
  Speaker 3: a bad deal with you on Natanio has said that
• 1:11:54
  Speaker 3: Israel reserves the right to attack you on even under
• 1:11:57
  Speaker 3: those conditions.
• 1:11:58
  Speaker 1: But will he I do not know, But look the
• 1:12:05
  Speaker 1: good on the good side.
• 1:12:06
  Speaker 3: On the plus side, the US has deployed a lot
• 1:12:11
  Speaker 3: of military assets in that region, and it's hard to
• 1:12:13
  Speaker 3: believe they're just there to flex muscles and not to
• 1:12:17
  Speaker 3: be used. Indeed, there's a limit to how much you
• 1:12:22
  Speaker 3: can keep those kind of military assets on higher look,
• 1:12:27
  Speaker 3: particularly an aircraft carrier group. For how long can they
• 1:12:29
  Speaker 3: stay out there? Weeks? Months? But at some point to
• 1:12:32
  Speaker 3: have to come home. So at some point there's either
• 1:12:35
  Speaker 3: going to be a deal or there's going to.
• 1:12:38
  Speaker 1: Be a war. I know which one I'm rooting for.
• 1:12:41
  Speaker 1: I'm rooting for war, but.
• 1:12:49
  Speaker 5: Uh, fuck off, f off Trump trader?
• 1:12:58
  Speaker 3: Who's the Trump trader? I mean, Trump is a trader.
• 1:13:02
  Speaker 3: I don't know about a Trump trader, but Trump is
• 1:13:05
  Speaker 3: a Trader's accusing me of being a Trump trader. I
• 1:13:08
  Speaker 3: don't know what that means my trade.
• 1:13:10
  Speaker 1: At to Trump. Yeah, proud of it.
• 1:13:14
  Speaker 3: One good thing the United States supposedly has done, although
• 1:13:17
  Speaker 3: you know it has limited impact. According to Wall see
• 1:13:21
  Speaker 3: general Trump demonstration quietly helped move about six thousand Starlink
• 1:13:25
  Speaker 3: satellite terminals into Yuan after the regime shut off the internet,
• 1:13:31
  Speaker 3: so that more Uranians could hear Donald Trump. Donald Trump
• 1:13:35
  Speaker 3: say they should go out into the streets because help
• 1:13:40
  Speaker 3: was on its way. So the more people could get
• 1:13:43
  Speaker 3: you know, got killed based on the false promise of.
• 1:13:48
  Speaker 1: Donald Trump. Look, I'm off if.
• 1:13:52
  Speaker 3: Trump won't do it, if America won't do it, then
• 1:13:55
  Speaker 3: Israel should do it. Israel, together with the Iranian people,
• 1:13:58
  Speaker 3: should topple this regime and and get rid of it.
• 1:14:01
  Speaker 1: Talking about regime toppling, right.
• 1:14:08
  Speaker 3: Yeah, just to mention about Venezuela. H Donald Trump today
• 1:14:16
  Speaker 3: posted just this glowing post about Venezuela. He says, relations
• 1:14:22
  Speaker 3: between Venezuela and the United States have been, to put
• 1:14:25
  Speaker 3: it mildly extraordinary. We are dealing very well with President
• 1:14:30
  Speaker 3: Delancey Rodriguez and her representatives. Oil is starting to flow.
• 1:14:35
  Speaker 3: Their large amounts of money unseen for many years, will
• 1:14:38
  Speaker 3: soon be greatly helping the people of Venezuela. Marco Ruby
• 1:14:41
  Speaker 3: and all the representatives are doing a fantastic job. But
• 1:14:44
  Speaker 3: we speak only for ourselves and don't want there to
• 1:14:47
  Speaker 3: be any confusion ruc repretation. He's commenting on some story
• 1:14:50
  Speaker 3: in the Wars steag you. Anyway, Trump seems very happy
• 1:14:54
  Speaker 3: with the current authoritarian regime in Venezuela.
• 1:14:58
  Speaker 1: Trump and his adminitial seem in no.
• 1:15:00
  Speaker 3: Hurry or have no intention to try to bring Venezuela
• 1:15:04
  Speaker 3: any kind of political freedom. While political business have been released,
• 1:15:08
  Speaker 3: they could all be they could all be recaptured anytime
• 1:15:11
  Speaker 3: when this regime decides, when the Venezuelan regime decides to
• 1:15:14
  Speaker 3: do so. Right now, they're cooperating with Trump because his
• 1:15:18
  Speaker 3: focus is there and it's under they're under threat. His
• 1:15:21
  Speaker 3: focus could wander to somewhere else very quickly, and the
• 1:15:25
  Speaker 3: military assets that we have in the Caribbean could go elsewhere,
• 1:15:28
  Speaker 3: and suddenly the Venezuela's would shift. It's horrible that, you know,
• 1:15:35
  Speaker 3: the United States did what it did, and yet it's
• 1:15:40
  Speaker 3: completely happy. It's not denouncing, has no criticism of the
• 1:15:45
  Speaker 3: authoritarian nature of the regime that they have allowed to
• 1:15:48
  Speaker 3: be in place in Venezuela.
• 1:15:51
  Speaker 1: It's just, you know, they got a duo.
• 1:15:54
  Speaker 3: But the entire criminal regime that's there is going to
• 1:15:58
  Speaker 3: remain in place, and we're going to pretend like everything ismo.
• 1:16:00
  Speaker 5: Now.
• 1:16:00
  Speaker 1: Look, you know, I don't think.
• 1:16:02
  Speaker 3: It's the United States job to replace the regime in Venezuela.
• 1:16:05
  Speaker 3: But if you're gonna do it, then do it. And
• 1:16:07
  Speaker 3: if you're not going to do it, don't do it.
• 1:16:09
  Speaker 3: I don't understand exactly what the whole point of the
• 1:16:11
  Speaker 3: whole exercise was except to get them to cooperate.
• 1:16:16
  Speaker 1: With the US. But by doing so, we're sanctioning now.
• 1:16:19
  Speaker 5: A dictatory regime that is going to oppress its people,
• 1:16:24
  Speaker 5: even if it isn't right now because it doesn't want
• 1:16:27
  Speaker 5: to upset Donald Trump.
• 1:16:31
  Speaker 3: All Right, Finally, a quick video. I want you to watch.
• 1:16:37
  Speaker 1: That. Somebody send me Drin, send me thank you Drin.
• 1:16:42
  Speaker 3: And this is a you know, a pretty we must
• 1:16:49
  Speaker 3: do amazing video. This is the Prime Minister of Germany Mutz.
• 1:16:55
  Speaker 3: I've told you this before. He's been saying some very
• 1:16:58
  Speaker 3: good things and this is a surprisingly very good thing
• 1:17:01
  Speaker 3: that he is about to say. And maybe somebody said
• 1:17:05
  Speaker 3: earlier that the best thing Trump has done maybe is
• 1:17:09
  Speaker 3: Trump has been very good to Europe because he's woken
• 1:17:12
  Speaker 3: the Europeans up.
• 1:17:13
  Speaker 1: He's forced the Europeans to, I don't know, grow.
• 1:17:17
  Speaker 3: Up and come from outside of America's shadows and maybe
• 1:17:20
  Speaker 3: start thinking about how to go to the economy, how
• 1:17:24
  Speaker 3: to defend themselves, all of this stuff, all this important stuff,
• 1:17:28
  Speaker 3: and this is much about.
• 1:17:31
  Speaker 1: Deregulation in the EU. Listen to this.
• 1:17:35
  Speaker 3: I mean, I would like to hear an American any
• 1:17:37
  Speaker 3: American politician say this.
• 1:17:42
  Speaker 2: We must deregulate every sector, and I called for a
• 1:17:48
  Speaker 2: regulatory clean slate.
• 1:17:51
  Speaker 3: A regulatory clean slate. We must deregulate every sector. That's
• 1:17:57
  Speaker 3: stunning for an American. For your PN it's science fiction.
• 1:18:03
  Speaker 2: Minor corrections to laws are not sufficient. We need to
• 1:18:08
  Speaker 2: systematically review the whole set of existing EU legislation.
• 1:18:16
  Speaker 3: We have the systematic review the whole set of existing
• 1:18:21
  Speaker 3: EU legislation. I mean, I don't think he has support
• 1:18:26
  Speaker 3: from other people in the EU, but wow, that is
• 1:18:30
  Speaker 3: pretty bold. It's pretty Now we'll see what comes of it.
• 1:18:34
  Speaker 3: I've told you that there are little things that are
• 1:18:37
  Speaker 3: coming out of this that that.
• 1:18:38
  Speaker 1: Involve the regulation in Europe.
• 1:18:40
  Speaker 3: But this is large scale, fundamental changes to the way
• 1:18:44
  Speaker 3: the EU functions. This is good news for all of
• 1:18:48
  Speaker 3: you in Europe. This is good news for the West
• 1:18:50
  Speaker 3: more broadly, this is this is part of I think
• 1:18:59
  Speaker 3: real and potentially in Europe. Now again, we'll see if
• 1:19:04
  Speaker 3: and to what extent it is taken seriously and as
• 1:19:07
  Speaker 3: they actually live up to it, if they actually follow
• 1:19:10
  Speaker 3: through on it. You know, I don't know, I don't know,
• 1:19:14
  Speaker 3: but it's exciting to imagine the possibilities. Imagine a Europe
• 1:19:20
  Speaker 3: those deregulated. Imagine what would be possible in a Europe
• 1:19:23
  Speaker 3: that was deregulated. And now you have the major country
• 1:19:26
  Speaker 3: in Europe, Germany, calling for such a deregulation. Of course,
• 1:19:30
  Speaker 3: Germany could do a lot of deregulation inside Germany even
• 1:19:33
  Speaker 3: without EU help. And we'll see whether this government is
• 1:19:38
  Speaker 3: actually willing to do that, willing and capable of doing that.
• 1:19:42
  Speaker 3: I don't know if they have enough support in the
• 1:19:47
  Speaker 3: German Parliament to.
• 1:19:48
  Speaker 1: Pull it through, but let's hope.
• 1:19:50
  Speaker 3: Let's see what they do. All right, guys, that is
• 1:19:53
  Speaker 3: the news ended on a positive note this Thursday, February twelfth,
• 1:20:00
  Speaker 3: and I will yeah, catch you know, we will turn
• 1:20:04
  Speaker 3: to our super chat, turn to a super chat. I
• 1:20:08
  Speaker 3: want to remind you that the way to support the
• 1:20:12
  Speaker 3: show is you can do a sticker any amount. Woland
• 1:20:15
  Speaker 3: just did five Swiss Franks, which the way this Swiss
• 1:20:18
  Speaker 3: Frank keeps going up is probably worth, you know, an
• 1:20:22
  Speaker 3: ounce of gold or something.
• 1:20:23
  Speaker 1: I mean, it's just it's just skyrocketing. So thank you.
• 1:20:26
  Speaker 3: Roland really appreciate that. So yeah, begin the stickers. It's
• 1:20:31
  Speaker 3: a great way. You don't have to ask a questions.
• 1:20:33
  Speaker 3: You don't have to do anything. You can do anything.
• 1:20:35
  Speaker 3: Stickers anything from two dollars to five hundred dollars, So
• 1:20:38
  Speaker 3: I consider supporting the show. Jacob, thank you for the sticker, Mike,
• 1:20:42
  Speaker 3: thank you for the sticker. Let's see, Bonnie, thank you
• 1:20:45
  Speaker 3: for the sticker, and of course Roland, thank you for
• 1:20:50
  Speaker 3: the stickers. So thank you guys, and you can ask questions.
• 1:20:53
  Speaker 3: That way you get to shape the show. I get
• 1:20:55
  Speaker 3: to talk about what you want me to talk about,
• 1:20:57
  Speaker 3: which is fun. And you can become a monthly supportive
• 1:21:02
  Speaker 3: of the One Book Show, which is incredibly valuable to
• 1:21:04
  Speaker 3: the show. By going to Patreon dot com and putting
• 1:21:09
  Speaker 3: in you can do from two dollars to one thousand
• 1:21:11
  Speaker 3: dollars a month of support. So I thank you. Talk
• 1:21:15
  Speaker 3: about those who do you know constant supportive of the show.
• 1:21:20
  Speaker 3: We have our sponsors sponsors hender Shot, Well dot Com,
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  Speaker 3: Hendershot Wealth, hender Shot with two teeth, Well dot com,
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• 1:21:32
  Speaker 3: what they have to offer in terms of financial products,
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  Speaker 3: particularly in saving on capital gains taxes. Check out my
• 1:21:39
  Speaker 3: interview with Robert Hendershot, which is on.
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  Speaker 1: My playlists on YouTube.
• 1:21:45
  Speaker 3: The playlist for sponsors, So check out the sponsor playlist
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  Speaker 3: on YouTube. Robert Hendershot and yeah, it's If it's something
• 1:21:54
  Speaker 3: that you think is appropriate for your finances, then check
• 1:21:58
  Speaker 3: out the website Defenders of Capitalism dot com. That is
• 1:22:04
  Speaker 3: Michael Williams. Uh. This is a website dedicated to defending capitalism.
• 1:22:09
  Speaker 3: It's a program built around that, and it's a program
• 1:22:12
  Speaker 3: built too.
• 1:22:14
  Speaker 1: We do the program.
• 1:22:15
  Speaker 3: I work with Michael on doing this for the leadership
• 1:22:18
  Speaker 3: program of the Rockies. Check it out Defenders of Capitalism
• 1:22:21
  Speaker 3: dot com. If you want to get involved, sign up
• 1:22:23
  Speaker 3: on the website. Alex Epstein is the world expert on
• 1:22:30
  Speaker 3: all things energy, power, electricity, fossil fuels, windmills, and solar panels.
• 1:22:36
  Speaker 3: You know exactly how reliable they are. He really if
• 1:22:40
  Speaker 3: you want, if you want to know what's going on
• 1:22:42
  Speaker 3: in those worlds, then Alex's the guy to follow. Alex
• 1:22:47
  Speaker 3: Epstein dot substick dot com. He is, He's excellent on
• 1:22:51
  Speaker 3: all those issues and you'll learn a lot.
• 1:22:54
  Speaker 1: You will learn a lot from it.
• 1:22:59
  Speaker 3: And finally that it's dude is encouraging hoping that you
• 1:23:02
  Speaker 3: guys will join us. Yeah, Remo you and others join
• 1:23:06
  Speaker 3: us in a Porto Porto, Portugal city in Portugal, northern
• 1:23:10
  Speaker 3: Portugal on I think it's the weekend of April eighteenth
• 1:23:15
  Speaker 3: for our annual i RAN conference in Europe. If you're
• 1:23:19
  Speaker 3: under thirty four you can apply for a scholarship. If
• 1:23:21
  Speaker 3: you're over thirty four, you can get a discount discount
• 1:23:23
  Speaker 3: code YBS twenty six YBS ten twenty six YBS ten.
• 1:23:28
  Speaker 1: Anyway you used to come, great place, great program.
• 1:23:32
  Speaker 3: I want to say about the program once they updated,
• 1:23:35
  Speaker 3: which should be I guess should be soon.
• 1:23:39
  Speaker 1: Finally, yes, those are all the sponsors.
• 1:23:43
  Speaker 3: I'll remind your getting a picture and remind you again
• 1:23:46
  Speaker 3: about super chats, and we will turn to Oh, I
• 1:23:50
  Speaker 3: want to remind you again about London. I will be
• 1:23:52
  Speaker 3: in London February twenty eighth doing a seminar on capitalism.
• 1:23:57
  Speaker 3: Everything you wanted to know about capitalism were not afraid
• 1:23:59
  Speaker 3: to ask, or didn't know who to ask, or didn't ask,
• 1:24:03
  Speaker 3: or didn't super chat in the asking the super chat
• 1:24:05
  Speaker 3: you can you can come. I mean it's called in
• 1:24:07
  Speaker 3: defensive profit. Why prosperity doesn't need permission. It will be
• 1:24:11
  Speaker 3: in central London on Saturday February twenty eight, from one
• 1:24:14
  Speaker 3: to five pm. We will then go together to dinner
• 1:24:17
  Speaker 3: somewhere and hang out. So a lot of FaceTime, small
• 1:24:21
  Speaker 3: group no more than fifteen ten twelve will be ideal.
• 1:24:25
  Speaker 1: Sign up on you you can.
• 1:24:28
  Speaker 3: It's an ever Bright website ever Bright. If you do,
• 1:24:32
  Speaker 3: you're on Brooke, London, you could probably just find it
• 1:24:36
  Speaker 3: on Google. But I'm gonna post on the chat here
• 1:24:39
  Speaker 3: the url of the ever Bright website. But also if
• 1:24:43
  Speaker 3: you go to your on bookshow dot com, your on
• 1:24:45
  Speaker 3: bookshow dot com, scroll down to my events, find the
• 1:24:48
  Speaker 3: event in London, click on tickets and it'll send you
• 1:24:51
  Speaker 3: to Everybrite.
• 1:24:52
  Speaker 1: It's three hundred pounds per person.
• 1:24:55
  Speaker 3: Small group, This will be a lot of fun, you know,
• 1:24:58
  Speaker 3: so join us and uh and for this. All right,
• 1:25:04
  Speaker 3: I think that's all the announcements. We can now go
• 1:25:07
  Speaker 3: to our super chats. So let's start with one hundred
• 1:25:09
  Speaker 3: dollars super chats. Oh right, Lincoln, song request in My Life,
• 1:25:16
  Speaker 3: specifically the No Doubt version from two thousand and three.
• 1:25:20
  Speaker 3: All right, I'll do it, awesome and Lincoln last super
• 1:25:25
  Speaker 3: chat for a while. Song request Hello Heaven, Hello Heaven,
• 1:25:31
  Speaker 3: Hello by Jung Blood. Oh Jungblood. I don't know what
• 1:25:35
  Speaker 3: Jungblood is anyway. Done, we'll do that too. And then Dave, Hey, Dave,
• 1:25:41
  Speaker 3: I haven't seen you know ah. Dave says, can you
• 1:25:43
  Speaker 3: review the song winning By? I thought that was Netflix,
• 1:25:49
  Speaker 3: but it's not. It's NEFX. I don't know what Netflix is.
• 1:25:52
  Speaker 3: Never heard of these people. I haven't heard of Youngblood.
• 1:25:55
  Speaker 3: I haven't heard of no doubt, and I certainly have
• 1:25:57
  Speaker 3: not heard of Netflix, Netfix Netflix. It says he's probably
• 1:26:03
  Speaker 3: the first mainstream alternative rock artist influenced by ironmand Well,
• 1:26:11
  Speaker 3: I mean, I don't know how you define alternative rock, right.
• 1:26:17
  Speaker 1: So, but okay, I'll review it. Done. Thank you guys.
• 1:26:23
  Speaker 3: That's three hundred dollars for song reviews. Really really appreciate
• 1:26:26
  Speaker 3: the support and that helps a lot, and that basically
• 1:26:30
  Speaker 3: guarantees that we made out two hour targets. I don't
• 1:26:33
  Speaker 3: know if we're going to go to the third hour.
• 1:26:35
  Speaker 3: Not that many questions today, so we'll see, all right.
• 1:26:37
  Speaker 3: Remomo says, you once said that a show like Mister
• 1:26:41
  Speaker 3: Sunshine could never have been made in the West because
• 1:26:46
  Speaker 3: we're too cynical for that. Can you elaborate on that? Yes,
• 1:26:50
  Speaker 3: I mean it's pretty straightforward.
• 1:26:53
  Speaker 1: Mister Sunshine is a show about values. It's about people taking.
• 1:26:58
  Speaker 3: Values seriously and fighting for them. It's about an adult, serious,
• 1:27:05
  Speaker 3: real conflict of values. The heroine has a top value
• 1:27:18
  Speaker 3: her country as a patriot, and her second value is
• 1:27:25
  Speaker 3: her love of the male. Of the male lead in
• 1:27:29
  Speaker 3: the show. The male is not patriotic. This country has
• 1:27:33
  Speaker 3: not treated him well. He is not.
• 1:27:36
  Speaker 1: It is not his top value.
• 1:27:39
  Speaker 3: She is.
• 1:27:42
  Speaker 1: She have a man in love with a woman, but
• 1:27:44
  Speaker 1: the woman's top value is not him.
• 1:27:47
  Speaker 3: She's in love with him, no question, She's in love
• 1:27:50
  Speaker 3: with him, but her top value is the fight. Her
• 1:27:53
  Speaker 3: top value is to fight against the Japanese.
• 1:27:57
  Speaker 1: For Korean.
• 1:28:00
  Speaker 3: And this has taken seriously throughout. It's integrated and taken
• 1:28:04
  Speaker 3: cest throughout. There's also other characters in it, like you
• 1:28:08
  Speaker 3: gotta believe the guy who wrote Mister Sunshine read Atlas Shrugged.
• 1:28:12
  Speaker 3: Because there's one woman, an amazing woman, an amazing woman right,
• 1:28:17
  Speaker 3: a fighter, and three men who fall in love with her.
• 1:28:21
  Speaker 3: One of them is a outlaw who has principles, has standards.
• 1:28:30
  Speaker 3: Sound familiar. The other one is a playboy stops being
• 1:28:38
  Speaker 3: a playboy and becomes serious about values because of his
• 1:28:45
  Speaker 3: love of this woman, and the third one, the one
• 1:28:50
  Speaker 3: she actually has a relationship, if you can call it,
• 1:28:53
  Speaker 3: that is a is the ideal man.
• 1:28:59
  Speaker 1: He's just a.
• 1:29:01
  Speaker 3: So you've got here, everybody involved is around values, and
• 1:29:07
  Speaker 3: everybody's involved even around this one woman, even though the
• 1:29:11
  Speaker 3: other woman who plays a major role here is our
• 1:29:15
  Speaker 3: values around this and around this other patriotic woman, and
• 1:29:19
  Speaker 3: around the battle she's fighting, and everything is taken seriously.
• 1:29:23
  Speaker 3: There's no cynicism about the patriotism. There's no cynicism about love.
• 1:29:30
  Speaker 3: There's no cynical banter around the fact that three men
• 1:29:33
  Speaker 3: are in love with one woman. They just pretty much
• 1:29:36
  Speaker 3: all of them accept it and they're all friends. In
• 1:29:41
  Speaker 3: spite of that. You couldn't make a show like that
• 1:29:45
  Speaker 3: in the US, I mean everything in the US. Whenever
• 1:29:49
  Speaker 3: values are mentioned, they're immediately undermined. And if there's a value,
• 1:29:54
  Speaker 3: it's a kind of an obviously altruistic value. It's not
• 1:29:58
  Speaker 3: built up as as a basically self interested one, and
• 1:30:04
  Speaker 3: they can't maintain it. And you know, love, real love,
• 1:30:09
  Speaker 3: romantic love, and fighting for that love, and what it
• 1:30:14
  Speaker 3: means to fight for that love, and what it means
• 1:30:16
  Speaker 3: to give you all for that love. You just don't
• 1:30:20
  Speaker 3: see that. In American movies and American TV shows. They
• 1:30:25
  Speaker 3: undermine love, you know, they undermine I mean heroism. Maybe
• 1:30:30
  Speaker 3: in some action movies, but usually superficial. Here there's real
• 1:30:33
  Speaker 3: heroism and motivated by things that are real. And you've
• 1:30:40
  Speaker 3: got a conflict around patriotism, which, again, in many countries
• 1:30:44
  Speaker 3: like America, you can't have a good guy who's conflicted
• 1:30:48
  Speaker 3: about supporting America. We'd write him off. But here there's
• 1:30:53
  Speaker 3: a good guy who's conflicted about supporting South Korea. Even
• 1:30:57
  Speaker 3: though he understands the Japanese are are the bad guys.
• 1:31:01
  Speaker 3: He's not willing to actually risk his life for the
• 1:31:04
  Speaker 3: Korean side because it's not a value to him, for
• 1:31:09
  Speaker 3: for reasons that you will discover on the show. I mean,
• 1:31:13
  Speaker 3: there's a lot in the other show I really like.
• 1:31:16
  Speaker 3: The Korean show is called My Country, which is also
• 1:31:18
  Speaker 3: about patriotism and the conflicts around patriotism.
• 1:31:21
  Speaker 1: What does it mean to.
• 1:31:22
  Speaker 3: Be patriotic to a regime you don't agree with, you
• 1:31:24
  Speaker 3: don't like?
• 1:31:26
  Speaker 1: Uh?
• 1:31:26
  Speaker 3: And and and what is what does it all mean? Uh?
• 1:31:30
  Speaker 3: What does that mean? And and what kind of conflicts
• 1:31:32
  Speaker 3: does that create? Really, the Koreans are really thinking about
• 1:31:36
  Speaker 3: these things and struggling with these things in an interesting way.
• 1:31:39
  Speaker 1: Uh.
• 1:31:39
  Speaker 3: And it's it's real odd, real values at stake. So
• 1:31:45
  Speaker 3: that's why I said it couldn't make it again. Cynicism
• 1:31:48
  Speaker 3: undermine values. What is a show that takes values seriously?
• 1:31:53
  Speaker 3: What's a big show in America that takes value seriously?
• 1:31:57
  Speaker 3: I mean there's something in a show like The Pit
• 1:32:00
  Speaker 3: But but the Pit is is is purposefully very realistic,
• 1:32:06
  Speaker 3: and the heroism of the doctors is realistic. This is
• 1:32:09
  Speaker 3: a day, it's a chosen profession.
• 1:32:14
  Speaker 1: Uh.
• 1:32:14
  Speaker 3: I'm trying to think if there's a an action show
• 1:32:17
  Speaker 3: what I mean, if anybody has a non cynical uh
• 1:32:22
  Speaker 3: TV show on American TV that is about people really
• 1:32:27
  Speaker 3: pursuing values. I mean, think about a show like Succession,
• 1:32:29
  Speaker 3: which was so uh so successful, or even Previous or
• 1:32:35
  Speaker 3: uh the other successful show on Apple.
• 1:32:38
  Speaker 1: They're all like, they're all undermining of real values.
• 1:32:48
  Speaker 3: So the heroine im Previous is is she's a kind
• 1:32:53
  Speaker 3: of individualist, but she's also a cynic and angry and unhappy.
• 1:32:59
  Speaker 3: But Reaches so badly made. Oh, come on, Reaches is
• 1:33:03
  Speaker 3: not a good show. It's and it's it's it's badly acted.
• 1:33:06
  Speaker 3: It's not well made. Yeah, I mean he's a good
• 1:33:09
  Speaker 3: guy and he fights the bad guys, and but it's
• 1:33:11
  Speaker 3: it's just superficial and there's no real values and love
• 1:33:18
  Speaker 3: and and and understanding of what values mean. So I
• 1:33:22
  Speaker 3: don't know, Station eleven, maybe Station eleven anyway, Uh, you know,
• 1:33:27
  Speaker 3: the extent Bosh is so dark. Come on, he's so dark.
• 1:33:34
  Speaker 3: They're they're the fighting demons. Isn't the cop in Bosh
• 1:33:38
  Speaker 3: constantly fighting his own demons.
• 1:33:43
  Speaker 1: Yeah, reaches a flat character.
• 1:33:44
  Speaker 3: There's no depth to it, there's no interest. Justified was
• 1:33:48
  Speaker 3: pretty good, but even justifight, he's constantly undermining himself.
• 1:33:53
  Speaker 1: He's constantly making fun. He's going for laughs.
• 1:33:57
  Speaker 3: The hero is a flawed herolationship with this wife is terrible.
• 1:34:03
  Speaker 3: There's not the kind of drama and love that uh
• 1:34:09
  Speaker 3: that you get in in uh In mister Sunshine, commitment
• 1:34:16
  Speaker 3: to you know, a commitment to the loved one. It
• 1:34:19
  Speaker 3: just it just doesn't. Yeah.
• 1:34:21
  Speaker 1: The expense is okay, I mean, it's it's as good
• 1:34:24
  Speaker 1: as it gets.
• 1:34:25
  Speaker 3: But even in expats, they constantly have to be humorous,
• 1:34:28
  Speaker 3: they constantly have to make fun of each other in
• 1:34:30
  Speaker 3: some way. So the expense is about the best right
• 1:34:34
  Speaker 3: out there, although some of the science fiction stuff is BS.
• 1:34:36
  Speaker 3: But it's a character driven It's a good character driven stuff.
• 1:34:44
  Speaker 3: So yeah, uh, mister Sunshine one of my favorite shows
• 1:34:47
  Speaker 3: of all time, maybe my favorite show.
• 1:34:49
  Speaker 1: Of all time.
• 1:34:51
  Speaker 3: Yeah, I mean, now I'll have I'm not saying there's
• 1:34:53
  Speaker 3: no good TV on America.
• 1:34:54
  Speaker 1: There's a good There's lots of good TV.
• 1:34:56
  Speaker 3: I watch a lot of it. It's just always includes
• 1:35:01
  Speaker 3: a real cynicism about the world and a skepticism, Mike,
• 1:35:12
  Speaker 3: is the money that Trump thank you Remo for the
• 1:35:14
  Speaker 3: fifty dollars sixty seventy dollars sixty.
• 1:35:17
  Speaker 1: Euro thank you?
• 1:35:18
  Speaker 3: Is the money that Trump is shunting to Kata supposed
• 1:35:20
  Speaker 3: to go to the US treasure or is it? The
• 1:35:22
  Speaker 3: whole affair so extra legal that there is no law
• 1:35:26
  Speaker 3: that applies. Also, can Trump use the money to bypass
• 1:35:30
  Speaker 3: Congress in his activities? So it's nobody knows. So it's
• 1:35:33
  Speaker 3: extra legal, it's outside the law. There's no law that
• 1:35:36
  Speaker 3: applies to it. It's not supposed to go to this money.
• 1:35:40
  Speaker 3: Just banking on kataw It's suddenly not supposed to go
• 1:35:42
  Speaker 3: to the treasury. It's not oil owned by the United states,
• 1:35:46
  Speaker 3: most of the money is going to go to Venezuela.
• 1:35:49
  Speaker 3: What happens to the leftover? I assume Trump will allocate
• 1:35:53
  Speaker 3: it based on whatever he feels like. So yeah, I mean,
• 1:36:03
  Speaker 3: it's it's not anything that there's a precedent for or
• 1:36:10
  Speaker 3: there's a law for. It's certainly outside of it's outside
• 1:36:15
  Speaker 3: the realm of.
• 1:36:17
  Speaker 1: Our legal institutions.
• 1:36:18
  Speaker 3: So who knows what he could do with that money.
• 1:36:21
  Speaker 1: But most of it is going back to Venezuela.
• 1:36:25
  Speaker 3: To the regime in Venezuela, not to private enterprise in Venezuela,
• 1:36:30
  Speaker 3: to the regime. Why not it privatize it all? Why
• 1:36:32
  Speaker 3: should the US get any of the money. Why shouldn't
• 1:36:35
  Speaker 3: Chevron and Exxon or whoever get the money? Michael, you
• 1:36:41
  Speaker 3: know the worst thing about these immigrants, They are like
• 1:36:44
  Speaker 3: those capitalists, self motivated, greedy, selfish egoists. Yeah, I mean
• 1:36:49
  Speaker 3: I wish there were more so, but yeah, many of
• 1:36:51
  Speaker 3: them are. And at least in why did they come
• 1:36:54
  Speaker 3: to the US out of a selfish, greedy, egoistic motivation
• 1:36:59
  Speaker 3: and make their life better? That's what motivates them, and
• 1:37:02
  Speaker 3: that obviously is horvable. Not Chavis algorithm is tech harder
• 1:37:08
  Speaker 3: to regulate than finance because the culture views it as
• 1:37:12
  Speaker 3: less nefarious. Yes, absolutely, people understand iPhones, ai search engines,
• 1:37:17
  Speaker 3: credit default swaps and loaning money at interest is much.
• 1:37:21
  Speaker 3: It's too much for them. Yeah, I think that's definitely
• 1:37:24
  Speaker 3: a big part of it. It's also that it's new.
• 1:37:29
  Speaker 3: Government never really got around to it. It hasn't built
• 1:37:32
  Speaker 3: up the kind of the propaganda and.
• 1:37:38
  Speaker 1: The ways in which to do it.
• 1:37:41
  Speaker 3: Remember, banking has been here forever, so it's been regulated forever,
• 1:37:45
  Speaker 3: and you're just tweaking right for new products. But tech
• 1:37:50
  Speaker 3: is new, and tech came into adulthood in the nineteen
• 1:37:56
  Speaker 3: eighties in a period where the government was less plan
• 1:38:00
  Speaker 3: to regulate at all. So it really is only the
• 1:38:03
  Speaker 3: last fifteen years that the government has really embraced more
• 1:38:05
  Speaker 3: regulation after period of embracing relatively speaking, less regulation, and
• 1:38:12
  Speaker 3: they just haven't caught up the trying, and then by
• 1:38:18
  Speaker 3: the time they catch up, the tech companies have all
• 1:38:21
  Speaker 3: got gazillions of dollars the lobby against it, So it
• 1:38:25
  Speaker 3: is also cronyism, or to lobby against some regulations but
• 1:38:31
  Speaker 3: not against others, depending on what they prefer, Thomas says.
• 1:38:35
  Speaker 3: The Vienna Philharmonic playing Beita in seventh for the next
• 1:38:38
  Speaker 3: super Bowl halftime show. It would be very unmaga and
• 1:38:42
  Speaker 3: very awesome. It would be Nobody would watch it, though,
• 1:38:45
  Speaker 3: unless you had some female dances, you know, shaking to
• 1:38:54
  Speaker 3: you know, to Bethaven seventh, that would be interesting to watch.
• 1:38:58
  Speaker 3: You could you create an in sexual dance to Beta
• 1:39:03
  Speaker 3: and seventh, because you know, that was the that's the
• 1:39:05
  Speaker 3: only thing people were actually watching during the super Bowl show.
• 1:39:09
  Speaker 3: They didn't understand the lyrics and the music was completely
• 1:39:13
  Speaker 3: uninteresting and.
• 1:39:14
  Speaker 1: He doesn't really have a voice. So it's the only
• 1:39:17
  Speaker 1: the dancing.
• 1:39:17
  Speaker 3: And I've noticed that in all of these I mean,
• 1:39:20
  Speaker 3: in all the super Bowl shows.
• 1:39:21
  Speaker 1: It's the dances that you watch. It's not anything else.
• 1:39:25
  Speaker 3: But yes, Bedoven seventh would bring a different audience to
• 1:39:28
  Speaker 3: the super Bowl and the Vienna Philharmonic would be perfect
• 1:39:35
  Speaker 3: for that. Just what you need is that German cool,
• 1:39:39
  Speaker 3: sorry Austrian cool. I don't want to insult the Austrians
• 1:39:43
  Speaker 3: for being German. Not that I meant that German as
• 1:39:48
  Speaker 3: an insult. God, I got myself into trouble there, all right,
• 1:39:51
  Speaker 3: even says I will go out on a limit and
• 1:39:53
  Speaker 3: say Trump is the best thing that has happened in
• 1:39:55
  Speaker 3: a long time to Europe.
• 1:39:56
  Speaker 1: I think you're right. I think I think of all
• 1:39:59
  Speaker 1: I mean as well.
• 1:40:00
  Speaker 3: You know that Israel Is now has a plan in
• 1:40:02
  Speaker 3: place to be completely free of all US aid within
• 1:40:08
  Speaker 3: ten years.
• 1:40:09
  Speaker 1: Now.
• 1:40:09
  Speaker 3: I wish they do it in three or two or one,
• 1:40:12
  Speaker 3: but ten years is better than nothing. And they're talking
• 1:40:14
  Speaker 3: about it seriously, and they're talking about how do they
• 1:40:17
  Speaker 3: disentangle themselves from dependence in the United States. And I
• 1:40:20
  Speaker 3: think that's Trump, that's the unpredictability of Trump is causing
• 1:40:29
  Speaker 3: Europe to become more independent and spend more on defense,
• 1:40:34
  Speaker 3: spend more, you know, deregulates economy. So yes, I think
• 1:40:38
  Speaker 3: Europe is the greatest beneficiary of the Trump presidency. Jonathan,
• 1:40:45
  Speaker 3: What should happen to the property and money of someone
• 1:40:48
  Speaker 3: who dies without a will.
• 1:40:50
  Speaker 1: Or any next of kin? Good question.
• 1:40:55
  Speaker 3: What should happen to the property? I mean, I guess
• 1:41:00
  Speaker 3: is that in a rational state, the state would take it,
• 1:41:06
  Speaker 3: use it to buy defense, and you know, to do
• 1:41:09
  Speaker 3: the things appropriate for the state to do so.
• 1:41:12
  Speaker 1: I think the state would take it.
• 1:41:17
  Speaker 3: In a state like today, the state would take in
• 1:41:20
  Speaker 3: reduce everybody else's taxes.
• 1:41:23
  Speaker 1: I don't and if it was you know, actual.
• 1:41:26
  Speaker 3: Properties, sell that actual property and use the money for that.
• 1:41:29
  Speaker 3: So I can't think of what the alternative solution is.
• 1:41:35
  Speaker 3: That's why it's important to have a will. So it's
• 1:41:38
  Speaker 3: auction enough, but for whom who gets the money. So
• 1:41:44
  Speaker 3: if you don't have any X to kin and you
• 1:41:46
  Speaker 3: don't have a will, I think the state.
• 1:41:51
  Speaker 1: Now you have a j algorithm.
• 1:41:52
  Speaker 3: Will people tolerate selfishness in areas they understand and directly
• 1:41:57
  Speaker 3: benefit celebrities. Athletes take innovations like spacics, rocket chips and
• 1:42:03
  Speaker 3: self deriving cause yeah, I mean I think within scope
• 1:42:06
  Speaker 3: they do. You know, they act that way in their
• 1:42:09
  Speaker 3: own lives too. They're selfish. They just feel guilty about it.
• 1:42:12
  Speaker 3: And you know, if you're an athlete, you can say
• 1:42:16
  Speaker 3: outrageous things, possibly because we don't take you too seriously.
• 1:42:19
  Speaker 3: You're an athlete after all.
• 1:42:22
  Speaker 1: But you know, if.
• 1:42:24
  Speaker 3: You're in certain products, it's okay to make money, but
• 1:42:27
  Speaker 3: not too much and not for too long. I mean,
• 1:42:30
  Speaker 3: if SpaceX becomes big and it's very profitable, it's not
• 1:42:36
  Speaker 3: I don't know how profitable it is, but if it
• 1:42:37
  Speaker 3: was very profitable, the.
• 1:42:39
  Speaker 1: Tide would turn against them celebrities because they're actors.
• 1:42:44
  Speaker 3: People can people you know, get they know the value
• 1:42:49
  Speaker 3: they get directly from them, and they find it cool
• 1:42:52
  Speaker 3: that they are celebrities. So they're willing to tolerate their wealth.
• 1:42:55
  Speaker 3: The same with athletes, but not much more than that.
• 1:43:00
  Speaker 3: Say yes, if they can see the direct benefit to them,
• 1:43:04
  Speaker 3: concrete direct benefit to them, that will need to accept it.
• 1:43:08
  Speaker 3: Liam is Trump concerned attacking Iran will further alienate his isolationist,
• 1:43:13
  Speaker 3: anti Semitic base, But at the same time, doesn't he
• 1:43:17
  Speaker 3: want another excuse to flex his power. I think yes
• 1:43:21
  Speaker 3: to the first one. He's definitely concerned about his base,
• 1:43:24
  Speaker 3: but he's worried about I mean, Venezuela is very narrow,
• 1:43:29
  Speaker 3: so he's wired about flexing the power, and so is
• 1:43:31
  Speaker 3: the first bombing of Iran. Everybody's telling him, if you
• 1:43:34
  Speaker 3: go to Iran, it's complicated, it's going to be hard,
• 1:43:37
  Speaker 3: You're going to have to do a lot. It's not
• 1:43:38
  Speaker 3: just one time bomb and go away. And he's worried
• 1:43:41
  Speaker 3: about failure. He's worried about entanglement, he's worried about owning
• 1:43:49
  Speaker 3: a civil war. He's worried about all the negatives that
• 1:43:51
  Speaker 3: are possible inflection his power. Is attractive. But on the
• 1:43:54
  Speaker 3: other hand, or all these negatives he's very concerned about,
• 1:43:58
  Speaker 3: and he's not a ristic, he's not a risk taker,
• 1:44:03
  Speaker 3: so he wants he wants to make sure he can't
• 1:44:08
  Speaker 3: get some of what he wants to negotiations. But the
• 1:44:11
  Speaker 3: fact is negotiations won't get him what he really wants.
• 1:44:14
  Speaker 3: It certainly won't get what Israel wants. So negotiations could
• 1:44:19
  Speaker 3: lead to Israel having to attack Ron by itself, and
• 1:44:22
  Speaker 3: then what will there still be negotiations after that? And
• 1:44:25
  Speaker 3: what will Trump do to Israel. It's a very sad
• 1:44:29
  Speaker 3: situations where James thoughts on Trump withholding federal funding to
• 1:44:36
  Speaker 3: rename Penn Station Trump's Station. I can't imagine the narcissism
• 1:44:40
  Speaker 3: it seems Middle America thought making a three year old
• 1:44:43
  Speaker 3: king was the way forward. Yeah, I mean, what do
• 1:44:46
  Speaker 3: you think I would think about that, James? I mean,
• 1:44:49
  Speaker 3: it's like, yeah, it's insane, It's unbelievable narcissism. You know,
• 1:44:54
  Speaker 3: the Kennedy Center, which he renamed the Trump Kennedy Center,
• 1:44:59
  Speaker 3: artist Withdrew wouldn't perform in the thing, so now he
• 1:45:02
  Speaker 3: shut it down for two years of renovation, which is
• 1:45:04
  Speaker 3: gonna cost you and me taxpayers a huge well maybe
• 1:45:08
  Speaker 3: not me, but you a huge amount of taxpayer money
• 1:45:11
  Speaker 3: to renovate the Trump Kennedy Center, all because he had
• 1:45:15
  Speaker 3: to stick his name on it, and then nobody would
• 1:45:18
  Speaker 3: want to perform there. So yeah, you might as well
• 1:45:20
  Speaker 3: shut it down because nobody would want to perform there.
• 1:45:23
  Speaker 3: Maybe this is a good chance to privatize it. The
• 1:45:25
  Speaker 3: guys are not and I have no idea. You know,
• 1:45:29
  Speaker 3: people still get upset at me when I say he
• 1:45:30
  Speaker 3: has an economic understanding of a five year old and
• 1:45:33
  Speaker 3: he has the mentality, the narcissistic mentality of a five
• 1:45:37
  Speaker 3: year old.
• 1:45:38
  Speaker 1: Probly you think a three year old, I think a
• 1:45:39
  Speaker 1: five year old.
• 1:45:40
  Speaker 3: But yeah, it's horrible and it's disgusting, and the fact
• 1:45:44
  Speaker 3: that people tolerated and just yeah, okay. I mean he
• 1:45:48
  Speaker 3: does more crazy stuff in one day than any president
• 1:45:52
  Speaker 3: probably ever has done in a month or year. I
• 1:45:57
  Speaker 3: mean literally crazy nutty things like that that thing you
• 1:46:03
  Speaker 3: wrote about the Canadian Bridge, I mean it's just insane.
• 1:46:09
  Speaker 1: Toolbox.
• 1:46:10
  Speaker 3: Have you read Total Boomah Luxury Communism by Russ Green?
• 1:46:14
  Speaker 1: Yes, I mean basically the ultimate.
• 1:46:19
  Speaker 3: I think it's the same thing that we're talking about.
• 1:46:22
  Speaker 1: The ultimate point of that.
• 1:46:23
  Speaker 3: Essay, which I've been saying for decades now, is that
• 1:46:28
  Speaker 3: we have built a system in the United States. It's
• 1:46:31
  Speaker 3: a massive pyramid scheme that basically penalizes and taxes young
• 1:46:37
  Speaker 3: people for the sake of boomers. We have made so
• 1:46:43
  Speaker 3: security relatively you know, lucrative Medicaire is an unbelievably lucrative
• 1:46:51
  Speaker 3: and program that just throws money at old people. Old
• 1:46:57
  Speaker 3: people in that sense of living the life. They're getting security,
• 1:47:01
  Speaker 3: they're getting medicares, they don't have health insurance costs, and
• 1:47:05
  Speaker 3: then on top of that, hopefully they saved money.
• 1:47:09
  Speaker 1: And you know, none of these are means based.
• 1:47:13
  Speaker 3: So even if you're a millionaire, billionaire, whatever, you still
• 1:47:16
  Speaker 3: get SOB security and Medicaid, and who pays the subscurity Medicaid.
• 1:47:22
  Speaker 3: It's not like somebody saved all the money you put
• 1:47:24
  Speaker 3: in and now you're pulling money out of it money.
• 1:47:27
  Speaker 1: Out of it.
• 1:47:28
  Speaker 3: No, in order to fund your soild security, in your
• 1:47:31
  Speaker 3: medicaid or my medicare and my sold security, we have
• 1:47:37
  Speaker 3: to tax young people, take their money and transfer to
• 1:47:40
  Speaker 3: old people who can then retire and go vacations and
• 1:47:45
  Speaker 3: you know, live a pretty good life at the cost
• 1:47:48
  Speaker 3: of their grand kits, which is morally obscene, obscene, it
• 1:48:00
  Speaker 3: is completely insane. But that's the system we built in
• 1:48:05
  Speaker 3: this country. And that's why you can't reform entitlements because
• 1:48:10
  Speaker 3: it's not the poor, screw the poor, it's the middle
• 1:48:15
  Speaker 3: class that's benefiting primarily, and it's obscene. And yet the
• 1:48:22
  Speaker 3: middle class dominates, old middle class dominates, and you're not
• 1:48:27
  Speaker 3: going to vote against it. And even young people feel
• 1:48:30
  Speaker 3: bad about about this because, hey, how can we not
• 1:48:33
  Speaker 3: help old people?
• 1:48:34
  Speaker 1: How can we not help our grandparents?
• 1:48:36
  Speaker 3: Well, why should you?
• 1:48:39
  Speaker 1: They should have saved for retirement.
• 1:48:41
  Speaker 3: Now, granted it was promised to them, so you have
• 1:48:43
  Speaker 3: to find ways to phase it out, and you know,
• 1:48:47
  Speaker 3: in the process, I wouldn't mind means testing it, but
• 1:48:53
  Speaker 3: at the end.
• 1:48:53
  Speaker 1: Of the day, it has to go. It's a co
• 1:48:54
  Speaker 1: op system.
• 1:48:55
  Speaker 3: So yes, I read that, and I think he makes
• 1:48:58
  Speaker 3: a good point. P Gupta.
• 1:49:02
  Speaker 1: Were tariffs going to replace income tax? No.
• 1:49:05
  Speaker 3: I talked about this extensively in the show. They cannot
• 1:49:09
  Speaker 3: replace income text. It's mathematically impossible for them to replace
• 1:49:13
  Speaker 3: income text.
• 1:49:14
  Speaker 1: Taps would have to be something like.
• 1:49:15
  Speaker 3: One hundred and fifty and twenty percent something well, or
• 1:49:20
  Speaker 3: in the three figures. But if you raise tariffs that much,
• 1:49:23
  Speaker 3: people stop buying imported goods and then revenue goes down.
• 1:49:28
  Speaker 3: So there's just no way mathematically to replace income.
• 1:49:33
  Speaker 1: Text it's never gonna happen.
• 1:49:35
  Speaker 3: It cannot happen, and it was always understood it couldn't happen,
• 1:49:40
  Speaker 3: even though Trump was making the statement. But it was
• 1:49:43
  Speaker 3: an absolute, unequivocal lie, which anybody who knows basic arithmetic
• 1:49:49
  Speaker 3: could figure out if they just looked at the numbers.
• 1:49:54
  Speaker 1: Popacambo.
• 1:49:54
  Speaker 3: Will healthcare prices decrease substantially as boomers die off? Yeah,
• 1:50:01
  Speaker 3: demand will come down as boomers die off. A demand
• 1:50:06
  Speaker 3: will come down slowly. You know, whether prices go down
• 1:50:12
  Speaker 3: or apple dependent supply supply could come down a lot too.
• 1:50:16
  Speaker 1: It's hard to tell.
• 1:50:18
  Speaker 3: So it depends both the demand of supply. Demand definitely
• 1:50:21
  Speaker 3: will shrink. Also, employment in healthcare will go down because
• 1:50:25
  Speaker 3: most of the most of the increases in jobs over
• 1:50:30
  Speaker 3: the last few years of being in healthcare. And yet
• 1:50:33
  Speaker 3: that's all because baby booms are retiring and sick. Once
• 1:50:36
  Speaker 3: they die off, that goes away and the US economy
• 1:50:39
  Speaker 3: has you know, you have to find other jobs for
• 1:50:42
  Speaker 3: people who used to work in healthcare. Kim Athlas Society
• 1:50:47
  Speaker 3: said ICE is a legitimate government agency. Well, if you
• 1:50:50
  Speaker 3: don't already know what I think of ATHLETs Society, I
• 1:50:53
  Speaker 3: think now you know, because I mean, they are amateurs there,
• 1:50:56
  Speaker 3: nobody is. I can't believe Rob skin Sinsky said that,
• 1:51:02
  Speaker 3: So I don't know who in in Athlas Society said that.
• 1:51:05
  Speaker 3: Maybe Rob Tasinsky said it, But I can't believe he
• 1:51:08
  Speaker 3: justifies I's behavior. He's better than that, and he's ridden
• 1:51:12
  Speaker 3: some good stuff on Trump. So I don't know who
• 1:51:14
  Speaker 3: at that society said that. Some people that the society
• 1:51:18
  Speaker 3: uh on Trump zombies and they will justify anything he does.
• 1:51:25
  Speaker 3: So I have no respect for that organization. Zero zilch, nada.
• 1:51:30
  Speaker 3: Maybe they do good animation, but that's about it. They
• 1:51:33
  Speaker 3: have no understanding for the philosophy. Harpa Campbell is industry
• 1:51:37
  Speaker 3: not regulated to the point where it can no longer
• 1:51:39
  Speaker 3: keep keep with the statism inflation. We can grow faster
• 1:51:45
  Speaker 3: than they can strangle. I still think we can go
• 1:51:48
  Speaker 3: faster than they can strangle. I still think there's enough
• 1:51:51
  Speaker 3: flexibility use economy keeps showing that, keeps keeps doing it,
• 1:51:56
  Speaker 3: so we still have a lot of flexibility in the economy.
• 1:52:00
  Speaker 3: I don't know how long it can survive. For how
• 1:52:02
  Speaker 3: long it can survive and growth is slow, but just
• 1:52:07
  Speaker 3: imagine what would happen if we actually liberated business. But
• 1:52:10
  Speaker 3: I don't think it's quite at the point where's impossible. Roman,
• 1:52:23
  Speaker 3: What exactly are they saving the election from fraud? They're
• 1:52:28
  Speaker 3: saving the election from a bunch of illegals, tilting the
• 1:52:31
  Speaker 3: election away from Trump fraud, basically, they claim right newly, Dan,
• 1:52:40
  Speaker 3: how many members only videos do you have that go
• 1:52:44
  Speaker 3: over different essays of iye man, can you make a
• 1:52:46
  Speaker 3: YouTube playlist that contains these videos? Well, their members only,
• 1:52:50
  Speaker 3: so you'd have to be a member to do that.
• 1:52:52
  Speaker 3: Maybe you are. I think I only have two. I
• 1:52:57
  Speaker 3: think only have two I didn't missing link and selfish
• 1:53:00
  Speaker 3: selfishness without her self. So Linda says condolences to her
• 1:53:05
  Speaker 3: wife and her family.
• 1:53:06
  Speaker 1: I appreciate that.
• 1:53:06
  Speaker 3: Thank you. You know, it's one of these things that
• 1:53:12
  Speaker 3: are inevitable as our parents get significantly older and get
• 1:53:19
  Speaker 3: into the ages way, it's just amunt of time. All right,
• 1:53:24
  Speaker 3: Thank you everybody. I really appreciate it. And I will
• 1:53:30
  Speaker 3: see you tomorrow and Friday, well tomorrow is Friday. I'll
• 1:53:34
  Speaker 3: see tomorrow Friday and Saturday and Sunday and Monday, and
• 1:53:37
  Speaker 3: you know we'll see you for the rest of the month.
• 1:53:39
  Speaker 3: And remember, for those of you in UK and Europe whoever,
• 1:53:43
  Speaker 3: come on over to London and come hang out with
• 1:53:46
  Speaker 3: me on February twenty eighth, on Sunday we can go
• 1:53:51
  Speaker 3: to a museum if you're coming from ot of town.
• 1:53:54
  Speaker 1: All right, see you tomorrow. Bye everybody.