Latest / IndieNewsNow LIVE! Clips / Purpose of a Free Press, Big Short- AI Edition, Outsourcing S3x to AI, Midterm Senate Prediction
Transcript
- 0:00[music]
- 0:05SPEAKER_01: Who are these people?
- 0:09SPEAKER_03: Lightning round, lightning round, lightning round.
- 0:10SPEAKER_03: Let me just blow this up a tiny bit more.
- 0:13SPEAKER_03: Okay.
- 0:14SPEAKER_03: So what's going on here?
- 0:15SPEAKER_03: We got four things.
- 0:16SPEAKER_03: What is the purpose of a free press?
- 0:18SPEAKER_03: We're going to go back to our headline fixer in Asalrad.
- 0:24SPEAKER_03: We're going to bring a video from Grace Blakely talking about
- 0:27SPEAKER_03: the AI bubble being our version of the Big Short, 2026 version.
- 0:34SPEAKER_03: MetaMuse,
- 0:35SPEAKER_03: I want to talk about MetaMuse,
- 0:38SPEAKER_03: and we're going to get to my prediction about what's going to happen on Tuesday,
- 0:44SPEAKER_03: Election Day in the United States, with regard to how the Senate shakes out.
- 0:50SPEAKER_03: So the first thing is Media Integrity Center.
- 0:53SPEAKER_03: And I deeply encourage everybody to go follow this new account on Twitter
- 0:59SPEAKER_03: at Media Integrity underscore.
- 1:02SPEAKER_03: OK, they just came out recently.
- 1:05SPEAKER_03: They have less than a thousand followers at this point.
- 1:08SPEAKER_03: All right.
- 1:10SPEAKER_03: And this is an institute building a healthier media ecosystem
- 1:14SPEAKER_03: by advancing media accountability,
- 1:17SPEAKER_03: elevating public narratives, and strengthening the forces that shape understanding.
- 1:22SPEAKER_03: This is led by Professor Asalrod.
- 1:25SPEAKER_03: I'm excited that she's going to be, or maybe she's a doctor.
- 1:30SPEAKER_03: I get this wrong all the time.
- 1:31SPEAKER_03: I think that Bette Beat had her on this week and called her a professor.
- 1:35SPEAKER_03: But
- 1:37SPEAKER_03: I'm a big fan of what she does,
- 1:40SPEAKER_03: and if she's going to take the headline fixing and calling out the homogenization
- 1:46SPEAKER_03: of genocide happening by corporate media via their headlines,
- 1:52SPEAKER_03: via an institute like this that will organize it,
- 1:55SPEAKER_03: put together white papers,
- 1:57SPEAKER_03: put out a podcast, and legitimize it, I'm all for that, honestly.
- 2:01SPEAKER_03: And I'd even volunteer for it.
- 2:04SPEAKER_03: But they put out this slideshow.
- 2:08SPEAKER_03: A free press isn't just to publish.
- 2:09SPEAKER_03: It's supposed to question power.
- 2:12SPEAKER_03: When newsrooms repeat official claims without testing them, are they informing the public?
- 2:17SPEAKER_03: Or are they amplifying those in power?
- 2:19SPEAKER_03: Again, everything that doesn't challenge what the powerful want is just PR.
- 2:25SPEAKER_03: Our latest asks what a free press is actually for.
- 2:27SPEAKER_03: And you can find that here.
- 2:30SPEAKER_03: So real quick.
- 2:31SPEAKER_03: What this asks is, what is the purpose of a free press?
- 2:34SPEAKER_03: It exists to serve the public, not those in power.
- 2:39SPEAKER_03: And there's five slides here.
- 2:41SPEAKER_03: Reporting what officials say isn't reporting the truth.
- 2:45SPEAKER_03: Governments,
- 2:45SPEAKER_03: corporations,
- 2:47SPEAKER_03: and campaigns are important sources, but they are also interested, biased parties.
- 2:53SPEAKER_03: A quote should start the reporting, not end it.
- 2:58SPEAKER_03: What evidence supports it?
- 2:59SPEAKER_03: What evidence complicates or contradicts it?
- 3:02SPEAKER_03: Who disputes it and on what basis?
- 3:04SPEAKER_03: What remains unknown?
- 3:06SPEAKER_03: And what context does the audience need to judge it?
- 3:10SPEAKER_03: Seems obvious, right?
- 3:13SPEAKER_03: In practice, whose word shapes the story?
- 3:15SPEAKER_03: So this is a 10-slide show.
- 3:18SPEAKER_03: I, again, encourage everyone to go and check out at this new media integrity center.
- 3:28SPEAKER_03: And I'm going to again put the links to all these things in the original Substack
- 3:32SPEAKER_03: that I sent out earlier today that had all the links to the live stream.
- 3:39SPEAKER_03: Okay.
- 3:40SPEAKER_03: And again, Professor Asalrod, let me just go to this website really quickly.
- 3:45SPEAKER_03: I want to get to the About section and I want you to see...
- 3:50SPEAKER_03: Where media integrity begins.
- 3:53SPEAKER_03: How people understand current events,
- 3:54SPEAKER_03: history,
- 3:55SPEAKER_03: institutions,
- 3:56SPEAKER_03: and each other is shaped across an entire media ecosystem,
- 3:59SPEAKER_03: from journalism,
- 4:00SPEAKER_03: politics,
- 4:01SPEAKER_03: and education,
- 4:02SPEAKER_03: to culture, platforms, and the institutions that shape public discourse.
- 4:07SPEAKER_03: The Media Integrity Center works to strengthen that ecosystem.
- 4:12SPEAKER_03: All right, so who we are today.
- 4:15SPEAKER_03: All right, it's Asalrad Mana Mostatabi as their director of communications.
- 4:21SPEAKER_03: Okay, nearly 20 years of experience shaping narratives across policy advocacy
- 4:26SPEAKER_03: and government sectors.
- 4:28SPEAKER_03: Then they have advisors Omar Badar, Rula Jebreal, and Giorgio Caffiero.
- 4:36SPEAKER_03: So that's who's involved.
- 4:37SPEAKER_03: They're transparent about who's doing this,
- 4:40SPEAKER_03: what their goals are, and what they're actually trying to do.
- 4:45SPEAKER_03: Okay.
- 4:47SPEAKER_03: That's the first item.
- 4:48SPEAKER_03: Next is Grace Blakely is a British woman over on Substack and elsewhere.
- 4:56SPEAKER_03: She publishes a Substack.
- 4:57SPEAKER_03: She writes about capitalism and how we replace it.
- 5:00SPEAKER_03: And I brought some of her videos and articles in the past.
- 5:04SPEAKER_03: She did this one the other day that I thought was really good.
- 5:08SPEAKER_03: So let me back this up and let's start it.
- 5:13SPEAKER_03: Two minutes.
- 5:14SPEAKER_00: Remember 2008, when the whole world economy imploded thanks to the greed of a few bankers?
- 5:19SPEAKER_00: Well, it could be happening again,
- 5:21SPEAKER_00: but with tech bros.
- 5:22SPEAKER_00: Wall Street is quietly buying insurance against the AI boom collapsing.
- 5:26SPEAKER_00: And it's using the exact same financial instrument that made a few people very rich
- 5:30SPEAKER_00: in 2008 when they bet against the housing market.
- 5:33SPEAKER_00: They're called credit default swaps.
- 5:36SPEAKER_00: If you've seen the big short, you'll know about them.
- 5:38SPEAKER_02: In July, investors were trading less than $2 billion a week in insurance on AI companies.
- 5:42SPEAKER_02: But by September, it was more than $9 billion a week.
- 5:55SPEAKER_00: Why?
- 5:56SPEAKER_00: Because the AI boom has been built on debt,
- 5:59SPEAKER_00: and investors are starting to realise that some of that debt might not be repaid.
- 6:04SPEAKER_00: $466 billion in AI-linked debt has been issued so far this year,
- 6:09SPEAKER_00: more than four times the same period last year.
- 6:12SPEAKER_00: Companies like CoreWeave and Oracle,
- 6:14SPEAKER_00: the ones responsible for actually building the data centres,
- 6:17SPEAKER_00: have loaded up on so much debt
- 6:19SPEAKER_00: that their bonds are basically being treated like junk.
- 6:22SPEAKER_00: For these companies to repay their debts, the AI boom has to go really, really well.
- 6:27SPEAKER_00: In total,
- 6:27SPEAKER_00: for all the money invested in the boom to be paid back,
- 6:31SPEAKER_00: the US would have to be spending around 9% of its GDP on the tech by 2032.
- 6:36SPEAKER_00: That's about the same amount as it currently spends on food.
- 6:41SPEAKER_00: At a time when a lot of people can't afford food, that seems a little bit optimistic.
- 6:46SPEAKER_00: Here's the thing though,
- 6:47SPEAKER_00: the tech companies and their investors are not going to be the ones to pay the price
- 6:51SPEAKER_00: when the bubble bursts.
- 6:52SPEAKER_00: Just like in 2008,
- 6:53SPEAKER_00: the richest and most powerful will use their crony connections to the state to get
- 6:58SPEAKER_00: a bailout.
- 6:59SPEAKER_00: Then they'll borrow money on the cheap to buy up the scraps of the companies that did go under.
- 7:04SPEAKER_00: That's vulture capitalism for you.
- 7:06SPEAKER_00: It'll be ordinary people who lose their savings and their jobs when the bubble bursts.
- 7:12SPEAKER_00: This bubble is one massive grift designed to extract wealth,
- 7:16SPEAKER_00: power and creative output from normal people and funnel the gains up to those at
- 7:21SPEAKER_00: the top.
- 7:22SPEAKER_00: It's time to start resisting.
- 7:25SPEAKER_03: Thank you, Grace.
- 7:28SPEAKER_03: Yes, I agree.
- 7:29SPEAKER_03: Exactly how you resist that, I'm not quite sure.
- 7:35SPEAKER_03: Not participating in certain systems,
- 7:38SPEAKER_03: not getting involved in crypto,
- 7:40SPEAKER_03: for example,
- 7:41SPEAKER_03: is one way that,
- 7:43SPEAKER_03: you know, again, to not make AI stuff wherever it's convenient and helpful and fun.
- 7:51SPEAKER_03: And yeah, but it's just, I'm just this.
- 7:53SPEAKER_03: Everyone's just this.
- 7:55SPEAKER_03: And if we all stop doing it, guess what ends up happening?
- 7:58SPEAKER_03: These companies can't possibly make money, pay their debts back, and they all crash.
- 8:04SPEAKER_03: Are they going to get a bailout?
- 8:05SPEAKER_03: Maybe.
- 8:06SPEAKER_03: But either way, they're building separate companies to offload this debt.
- 8:12SPEAKER_03: And the point of this was,
- 8:15SPEAKER_03: she said it early, they're selling a vehicle called Credit Default Swaps.
- 8:20SPEAKER_03: They're betting on the fact that they can't possibly pay off the loans.
- 8:26SPEAKER_03: And, you know, that's a problem.
- 8:31SPEAKER_03: A big one.
- 8:32SPEAKER_03: And that they're going to leave all the pensioners holding the bag
- 8:35SPEAKER_03: because now they've got all these mutual funds,
- 8:37SPEAKER_03: index funds, and everything else invested in these AI companies and data centers.
- 8:44SPEAKER_03: Very scary.
- 8:45SPEAKER_03: So, second, third, third story.
- 8:49SPEAKER_03: All right.
- 8:50SPEAKER_03: This one's fun.
- 8:53SPEAKER_03: It's a parody.
- 8:54SPEAKER_03: But is it really?
- 8:57SPEAKER_03: I'm too busy, Muse.
- 8:58SPEAKER_03: Have sex with my wife.
- 9:01SPEAKER_03: Now, I don't know this gentleman,
- 9:03SPEAKER_03: Davidson Boswell,
- 9:05SPEAKER_03: but Substack actually had made a recommendation and said that our publications
- 9:11SPEAKER_03: and audiences overlap, that we have almost a thousand subscribers in common.
- 9:16SPEAKER_03: He's apparently a parody writer who is pretty well plugged in.
- 9:21SPEAKER_03: That is Muse, and that's his caption that says my caption.
- 9:24SPEAKER_03: Funny.
- 9:26SPEAKER_03: As a high-powered millennial entering my high-earning years, my schedule is incredibly hectic.
- 9:32SPEAKER_03: I have to get AI to help me book my travel,
- 9:34SPEAKER_03: summarize the latest school shooting, and yes, fuck my wife.
- 9:39SPEAKER_03: Muses is building a digital dossier on me using all the best tech companies
- 9:43SPEAKER_03: with their requisite data to do it.
- 9:46SPEAKER_03: When it gets cold and I become depressed,
- 9:48SPEAKER_03: Muse tells Expedia they can price gouge me for my southern travel.
- 9:52SPEAKER_03: When I'm feeling fat and unhealthy,
- 9:54SPEAKER_03: Muse can let Grubhub know to spike the price of my kale smoothie.
- 9:59SPEAKER_03: Can you really put a price on health?
- 10:01SPEAKER_03: Yes, Muse can.
- 10:03SPEAKER_03: Happiness is $27.
- 10:06SPEAKER_03: And yes,
- 10:06SPEAKER_03: when I'm feeling sexually inadequate,
- 10:08SPEAKER_03: Muse can take a look at my extensive search history,
- 10:11SPEAKER_03: run a bubble bath, and bring my wife to orgasm.
- 10:15SPEAKER_03: I love that Muse fucks my wife.
- 10:17SPEAKER_03: It brings me up for the vital work of building AI.
- 10:22SPEAKER_03: My new product that's going to revolutionize the way we think is an AI product
- 10:27SPEAKER_03: that recommends AI products that will help people to be more productive.
- 10:33SPEAKER_03: My company's called Spooge.
- 10:35SPEAKER_03: We're targeting a $20 billion IPO and it's impossible to do this vital work without
- 10:42SPEAKER_03: the help of Muse.
- 10:44SPEAKER_03: My wife and kids used to ask me annoying shit like how my day was going,
- 10:48SPEAKER_03: or my wife would ask me time-consuming things like,
- 10:52SPEAKER_03: do you think something's wrong with the dog?
- 10:54SPEAKER_03: Her tongue's blue.
- 10:56SPEAKER_03: And when are you coming to bed,
- 10:58SPEAKER_03: your eyes are completely bloodshot and there's no color in your face.
- 11:02SPEAKER_03: Well, no more annoying questions.
- 11:04SPEAKER_03: My dog died.
- 11:05SPEAKER_03: My kids don't talk to me anymore.
- 11:07SPEAKER_03: And through my ring video doorbell,
- 11:10SPEAKER_03: I can see how much happier my wife is now that I've invited Muse into our bedroom.
- 11:17SPEAKER_03: Muse is a totally, truly digital godsend.
- 11:20SPEAKER_03: So thank you, Mark Zuckerberg.
- 11:21SPEAKER_03: And thank you,
- 11:22SPEAKER_03: Muse, for allowing busy men like me the opportunity to build the future we all want.
- 11:31SPEAKER_03: Sadly,
- 11:34SPEAKER_03: Some people are outsourcing everything that they have to Muse.
- 11:39SPEAKER_03: Yes, Normal Island News, of course, writes in satire as well.
- 11:43SPEAKER_03: Normal Island being an indie media award lottery.
- 11:46SPEAKER_03: And I love not the real Laura Kay.
- 11:49SPEAKER_03: Hilariously funny.
- 11:50SPEAKER_03: This is not quite as funny,
- 11:52SPEAKER_03: but still made me chuckle and is a nice parody on what the AI world is trying
- 11:59SPEAKER_03: to encourage among a certain group of people.
- 12:04SPEAKER_03: I also will make mention of a friend of mine who has been using Muse more and more recently.
- 12:11SPEAKER_03: Well, Muse is helping him book an appointment to get his car serviced,
- 12:15SPEAKER_03: and Muse is helping him find the cheapest blah, blah,
- 12:18SPEAKER_03: blah to find this,
- 12:19SPEAKER_03: and he's turning it into a shopping bot and an agent to help him find jobs and
- 12:24SPEAKER_03: an agent to help.
- 12:25SPEAKER_03: I'm like, dude,
- 12:27SPEAKER_03: what you're doing is you're training the AI for how to maintain your life
- 12:31SPEAKER_03: after you actually die so that no one will actually know that you're gone.
- 12:36SPEAKER_03: Congratulations.
- 12:37SPEAKER_03: You played yourself.
- 12:40SPEAKER_03: It's like, hmm, okay.
- 12:44SPEAKER_03: Yeah, searched Muse and Uprising.
- 12:47SPEAKER_03: Go figure.
- 12:48SPEAKER_03: Kieran, good to see you, friend.
- 12:51SPEAKER_03: Okay, finally, I wanted to call attention.
- 12:53SPEAKER_03: I actually wrote something this week.
- 12:58SPEAKER_03: It's been a little while since I published something, like an actual article.
- 13:03SPEAKER_03: This was triggered by my friend Michael Ginsburg from Actionable Truth and Actions,
- 13:09SPEAKER_03: who had put a post on notes saying that he believes that there is some kind of
- 13:17SPEAKER_03: a leftward swing now that Lula won,
- 13:20SPEAKER_03: that there's going to be some kind of a left snapback,
- 13:23SPEAKER_03: and that both houses are going to swing Democrat,
- 13:27SPEAKER_03: and Trump will become even more unhinged and deranged in his second term.
- 13:32SPEAKER_03: I pushed back on that and I said,
- 13:33SPEAKER_03: you know what,
- 13:34SPEAKER_03: let me start looking at the toss-up races one by one and look at does
- 13:41SPEAKER_03: the math actually math there and not really is what the conclusion was.
- 13:47SPEAKER_03: So first of all,
- 13:48SPEAKER_03: I want to indicate and I want to remind everybody that how I feel about all
- 13:53SPEAKER_03: of this is that I am none of the above.
- 13:56SPEAKER_03: It is and will continue to be none of the above.
- 14:00SPEAKER_03: Midterm elections are finally almost here,
- 14:03SPEAKER_03: and I think even people that are fans of electoralism can't stand all the ads
- 14:09SPEAKER_03: and all the shit that's showing up in their mailbox every day,
- 14:12SPEAKER_03: and the voter shaming can stop for at least the next two years.
- 14:18SPEAKER_03: The USA is once again collectively choosing to light another $2 billion plus on fire
- 14:24SPEAKER_03: to basically end up not far from where we started.
- 14:28SPEAKER_03: Seems like an awful amount of money, work, and effort not to make any changes.
- 14:33SPEAKER_03: Many changes.
- 14:35SPEAKER_03: So the fact that I'm none of the above doesn't mean that I can't have
- 14:37SPEAKER_03: an opinion based on what I'm seeing.
- 14:40SPEAKER_03: So I basically analyze the toss-ups.
- 14:46SPEAKER_03: I break it down race by race, state by state.
- 14:50SPEAKER_03: Why I think, who I think will actually win each one of them.
- 14:55SPEAKER_03: And then my final analysis,
- 14:57SPEAKER_03: which concludes that the Senate will split 50-50 with the VP breaking the tie.
- 15:05SPEAKER_03: What's interesting also,
- 15:06SPEAKER_03: and I did want to call attention to Polymarket,
- 15:08SPEAKER_03: which had a big breach today,
- 15:10SPEAKER_03: apparently, where $2.7 million of customer money got looted because of this breach.
- 15:19SPEAKER_03: But there are significant differences in some cases between the percentages
- 15:24SPEAKER_03: of money being bet on a specific candidate and what the actual polling is showing.
- 15:30SPEAKER_03: Polymarket showing a 66% chance that the Democrats take the Senate.
- 15:36SPEAKER_03: This is crazy talk considering that even a 50-50 split would be considered a Republican win.
- 15:42SPEAKER_03: So that means Senate gets to 51 votes or more in the Senate.
- 15:47SPEAKER_03: Two-thirds of the money is going towards that?
- 15:52SPEAKER_03: And it wasn't always that way, as you can see historically, and I included a chart, right?
- 15:59SPEAKER_03: But that also historically that the Democratic Party has consistently
- 16:08SPEAKER_03: the entire month of October been at least two-thirds, right?
- 16:13SPEAKER_03: Now, if I were a betting man and I didn't completely abhor polymarket,
- 16:18SPEAKER_03: I might actually put some money down on this because this is three to one money if
- 16:23SPEAKER_03: the Senate actually splits.
- 16:25SPEAKER_03: And I'm right.
- 16:27SPEAKER_03: As in full disclosure,
- 16:28SPEAKER_03: I can't stand polymarket and these predictive markets replacing traditional polling,
- 16:32SPEAKER_03: which I never trusted either.
- 16:36SPEAKER_03: As a reminder,
- 16:37SPEAKER_03: I covered Whitney Webb's article about – actually,
- 16:41SPEAKER_03: this is Judd Lagoon partnering about Polymarket and Substack partnering.
- 16:46SPEAKER_03: And Joe Rote also talked about why Polymarket is bad.
- 16:50SPEAKER_03: And then, of course – I did the long read through.
- 16:54SPEAKER_03: This is the two and a half hour stitched together version
- 16:57SPEAKER_03: from three weeks consecutively of reading through this article about
- 17:01SPEAKER_03: the secret history of Polymarket,
- 17:03SPEAKER_03: which you can find on INN's YouTube channel or in this article that I wrote.
- 17:08SPEAKER_03: Again, I don't want to go through race by race.
- 17:11SPEAKER_03: I also included other original articles that I've published or published
- 17:15SPEAKER_03: in conjunction with Reef.
- 17:18SPEAKER_03: So that you can check out other stuff that I've written
- 17:20SPEAKER_03: because I have published quite a few original articles there as well.
- 17:25SPEAKER_03: And I made this little graphic.
- 17:26SPEAKER_03: I found something and modified it and I made it into a thumbnail, which is nice.
- 17:32SPEAKER_03: So go check that out at IndieMediaToday.com.
- 17:36SPEAKER_03: I appreciate those who do.
- 17:38SPEAKER_03: Okay.
- 17:40SPEAKER_03: So perfect timing.
- 17:43SPEAKER_03: Real quick,
- 17:43SPEAKER_03: before we get to the mutual aids,
- 17:46SPEAKER_03: please support independent media because we need it more than ever.
- 17:49SPEAKER_03: And you know the ways to do that.
- 17:51SPEAKER_03: Cash app, dollar sign, Indie News Network, go-fee.com slash Indie News Network.
- 17:58SPEAKER_03: That's our website.
- 18:00SPEAKER_03: It's also got a way to support via Stripe,
- 18:02SPEAKER_03: a way to get merch and to watch live and to get 24-7 news.
- 18:06SPEAKER_03: Bookmark it.
- 18:07SPEAKER_03: Make it your homepage.
- 18:08SPEAKER_03: Please do.
- 18:09SPEAKER_03: The more people that go to that,
- 18:10SPEAKER_03: the more people that see these incredible independent journalists.
- 18:15SPEAKER_03: And then over on Substack,
- 18:16SPEAKER_03: you can find me at Indie Media Today,
- 18:19SPEAKER_03: or you can find the network at innnewsletter.com.
- 18:22SPEAKER_03: And we're getting caught up with previous episodes of INN News.
- 18:27SPEAKER_03: On Sunday, we streamed Uncensored Boats Smashing Into Other Boats.
- 18:31SPEAKER_03: And on this Sunday, it will be publishing at 6 p.m. Eastern.
- 18:36SPEAKER_03: Then next Thursday, the episode we did of American Tradition on Tuesday night.
- 18:42SPEAKER_03: Next Thursday, it will be publishing while I'm away on vacation at 6 Eastern as well.
- 18:47SPEAKER_03: So you'll have some music to listen to next Thursday night.
- 18:51SPEAKER_03: I also, by the way,
- 18:52SPEAKER_03: if you wanted to go back and watch the stream on YouTube,
- 18:55SPEAKER_03: I timestamped all of the individual songs and performances.
- 18:59SPEAKER_03: So if you wanted to listen to a specific song, you can click on that and go right there.
- 19:04SPEAKER_03: I love you all.
- 19:05SPEAKER_03: Thank you so much.
- 19:09SPEAKER_03: I will see you not next Tuesday, but the Tuesday after.
- 19:12SPEAKER_01: That's what she said.
- 19:13SPEAKER_03: No, she didn't say that, but okay.
- 19:16SPEAKER_03: And we'll see you soon, fam.
- 19:18SPEAKER_03: Be safe and love you all.
- 19:20SPEAKER_03: Thanks again for supporting Independent Media.
- 19:23SPEAKER_01: No!
- 19:24SPEAKER_01: We just fucking lost the stream!
- 19:27SPEAKER_01: I guess this isn't such an awful place Is that what you want me to say?
- 19:35SPEAKER_01: You'll prove it's possible to sleep for days And I still think you're right here away.
- 19:43SPEAKER_01: The cost of living isn't much to make.
- 19:47SPEAKER_01: But God, it's so hard to say.
- 19:51SPEAKER_01: And when they told you everything, I said,
- 19:54[music]