Latest / Breaking Points with Krystal and Saagar / 5/21/26: Iran Stuns Trump With Red Line, Trump Indicts Cuba's Castro, Bezos Speaks Against Taxes
Transcript
- 0:00Speaker 1: Hey, guys, Saga and Crystal here.
- 0:01Speaker 2: Independent media just played a truly massive role in this election,
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- 0:25Speaker 1: We need your help to build the future of independent
- 0:27Speaker 1: news media and we hope to see you at Breakingpoints
- 0:29Speaker 1: dot com. Good morning, everybody, Happy Thursday. We have an
- 0:35Speaker 1: amazing show everybody today, bro show. Good to see you. Ryan.
- 0:41Speaker 1: Let's do it, Let's go. People are so lucky that
- 0:44Speaker 1: two subsequent back to back days of Ryan Graham.
- 0:47Speaker 3: What more can you ask for?
- 0:48Speaker 1: What more could you possibly ask for? All right, let's
- 0:50Speaker 1: come up on me. We are going to start with Iran.
- 0:53Speaker 1: We're going to talk about this new statement from the
- 0:55Speaker 1: Iranian Supreme Leaders declaring that all nuclear material, including the
- 0:59Speaker 1: enrich material, must stay in Iran. It throws a real
- 1:02Speaker 1: wrench in the White House's plans as initial talks and
- 1:06Speaker 1: things looked potentially optimistic with some new thirty day memorandum
- 1:11Speaker 1: of understanding for a continued cease fire before an eventual
- 1:15Speaker 1: end to war. Ryan and I are going to break
- 1:17Speaker 1: all of that down, in addition to some news about
- 1:19Speaker 1: how Iranian drone production has been increasing. Second, is Cuba
- 1:23Speaker 1: Raoul Castro is he ninety four to ninety five.
- 1:26Speaker 4: I don't want to get my thirty five, but I
- 1:28Speaker 4: think people have been saying ninety four. So a ninety
- 1:30Speaker 4: four year old brother of Fidelgaas four years young, ninety
- 1:34Speaker 4: four years old. He has now been indicted by the
- 1:36Speaker 4: Department of Justice for an alleged murder plot stemming decades ago,
- 1:40Speaker 4: obviously a pretext for potential invasion. We're going to be
- 1:44Speaker 4: joined by our friend Wanda vid Rojas to break some
- 1:46Speaker 4: of that down and to actually give us not insight
- 1:49Speaker 4: not only into the alleged crimes here of Castro, but
- 1:52Speaker 4: into the South Florida cabal that continues to run our government.
- 1:57Speaker 1: We are going to talk about Jeff Bezos new interview
- 1:59Speaker 1: he just gave to CNBC in which he says that
- 2:02Speaker 1: his taxes could double and it would not help any
- 2:05Speaker 1: teacher in Queen's. We are also going to talk about
- 2:08Speaker 1: a new incident that happened in Israel where the Minister
- 2:12Speaker 1: of National Security Imar Ben Gavir, was seen harassing flotilla
- 2:17Speaker 1: detainees a AID flotilla, many of them have Western passports.
- 2:22Speaker 1: It has ignited a major international incident. Despite Ryan they
- 2:27Speaker 1: do this literally every day, but they do it to Palestinians.
- 2:30Speaker 1: This time around, they did it to some people with
- 2:31Speaker 1: Western passports, and they did it on camera, which I
- 2:34Speaker 1: guess has never really mattered in the past, but this
- 2:36Speaker 1: time it was both of those things where even the
- 2:38Speaker 1: Prime Minister is like, this does not represent our values.
- 2:42Speaker 1: It is amusing because it would be like Trump saying
- 2:47Speaker 1: Todd Blanche, the Attorney General, does not represent the government
- 2:50Speaker 1: of the United You're like, wait, hold on a second,
- 2:53Speaker 1: what how does that work?
- 2:54Speaker 4: Like one guy gets caught insider trading. Trump is like,
- 2:57Speaker 4: that does.
- 2:57Speaker 1: Not represent does not represent our values. We are also
- 3:02Speaker 1: going to cover a Tucker Carlson interview on Israeli television,
- 3:06Speaker 1: extraordinary interview, something that Israelis have not seen in quite
- 3:10Speaker 1: some time. It's called the Truth about What's actually happening
- 3:14Speaker 1: in their own country. And then Ryan's got a monologue
- 3:18Speaker 1: about Chuck Schumer. I don't even want to give too
- 3:20Speaker 1: much away. It is the most Ryan Grimm story of
- 3:22Speaker 1: all time. And then finally we have a pre recorded interview.
- 3:26Speaker 1: The Stier campaign reached out to our very own Griffin
- 3:30Speaker 1: Davis producer Griffin who lives in Los Angeles, and he
- 3:33Speaker 1: sat down for a pressing interview with the gubernatorial candidate,
- 3:37Speaker 1: Tom Steier, the billionaire candidate. He pressed him on a
- 3:41Speaker 1: variety of different issues running the gamut from him being
- 3:45Speaker 1: a billionaire himself, why people should trust him, some of
- 3:48Speaker 1: the issues that he's currently having, you know, Spencer Pratt,
- 3:52Speaker 1: the rise there in Los Angeles, how he would govern
- 3:55Speaker 1: the state, how he would handle Donald Trump. And he
- 3:57Speaker 1: pressed him on the issue of Israel as well. By
- 4:00Speaker 1: the way, Styra is the one who made that into
- 4:03Speaker 1: an issue himself, and so Griffin really got him on that.
- 4:05Speaker 1: I think you guys should should check it out. And
- 4:07Speaker 1: Griffin looks extra smashing in the suit, which he bought
- 4:11Speaker 1: after I had shaved theah. He looks incredible. Let's just
- 4:14Speaker 1: give Griffin his flowers here. This is the power of
- 4:17Speaker 1: the suit. Can elevate literally anything. I'm joking. Griffin is
- 4:20Speaker 1: a very very handsome man. Okay, please hit subscribe handsome
- 4:23Speaker 1: with a suit. He looks more handsome with a suit
- 4:24Speaker 1: as to you. Run all right, hit subscribe to our
- 4:27Speaker 1: YouTube channel please, and if you're listening to the podcast,
- 4:29Speaker 1: please share an episode with a friend. Let's go ahead
- 4:32Speaker 1: and start with what's happening in Iran. I's going to
- 4:34Speaker 1: put this up here. This is the latest breaking news Reuters.
- 4:38Speaker 1: Iran's Supreme Leader has now issued a directive that the
- 4:41Speaker 1: countries near weapons grade uranium should not be sent abroad,
- 4:45Speaker 1: two senior Iranian sources said, hardening Tehran's stance on one
- 4:49Speaker 1: of the main US demands. So this is a by
- 4:52Speaker 1: far ryan the biggest sticking point of the entire deal,
- 4:56Speaker 1: not even potentially even more so than the strait of
- 4:59Speaker 1: hor moves. Raniums have shown some level of flexibility because effectively,
- 5:04Speaker 1: what this new directive from the Supreme Leader says is
- 5:07Speaker 1: number one, this cannot be questioned because it's coming from
- 5:10Speaker 1: the Supreme Leader. So that means this is policy. This
- 5:13Speaker 1: is the policy that has been set out too. Trump
- 5:16Speaker 1: has said, actually that all of the weapons grade uranium
- 5:19Speaker 1: in fact, all of the uranium has to not only
- 5:22Speaker 1: be taken out of Iran, but they would not even
- 5:24Speaker 1: accept it being sent to China and to Russia, which
- 5:27Speaker 1: previously had been floated. Here the Supreme Leader is drawing
- 5:30Speaker 1: a complete red line saying it is not leaving the
- 5:33Speaker 1: country period, which means that they will retain some level
- 5:37Speaker 1: of control over it. They have offered in the past
- 5:39Speaker 1: to downblend their uranium under IAEA inspections. And I know
- 5:43Speaker 1: this can sound a little bit technical, but the bottom
- 5:46Speaker 1: line is this. It is a huge middle finger to
- 5:48Speaker 1: probably the number one nuclear demand that Donald Trump is
- 5:52Speaker 1: made from the outset in this entire war.
- 5:54Speaker 4: And just for our little literacy, Reuters has been very
- 5:58Speaker 4: good on its coverage. Aron they do have sources in
- 6:02Speaker 4: the Iranian government. They they haven't fallen for all of
- 6:06Speaker 4: the different lucy in the football moves that the US
- 6:09Speaker 4: has tried to play here. So and this is being
- 6:11Speaker 4: done publicly. So this is I think, you know, this
- 6:14Speaker 4: is credible reporting that we can we can talk about
- 6:17Speaker 4: as actually bearing out right, which is the thing we
- 6:22Speaker 4: have to do when it comes to this war. Good flock,
- 6:24Speaker 4: but unfortunately, but yeah, so Trump has repeatedly said that
- 6:31Speaker 4: the issue is public relations, that the issue is optics,
- 6:34Speaker 4: like this is this is directly from Trump. He says
- 6:37Speaker 4: that he has said so many times that he's going
- 6:40Speaker 4: to get the nuclear dust. As he keeps calling it
- 6:43Speaker 4: that he needs to get the nuclear dust, he has
- 6:45Speaker 4: set up his own kind of trap that the only
- 6:47Speaker 4: way out is he's got to get it. Or and
- 6:50Speaker 4: he has said just psych he has said psychologically, I
- 6:52Speaker 4: would feel.
- 6:53Speaker 3: Much better if I got it.
- 6:56Speaker 4: That's not a very persuasive kind of argument or motivation
- 7:00Speaker 4: from one side of the debate, that you have to
- 7:03Speaker 4: do it because you said you were going to do it.
- 7:06Speaker 4: If the actual goal is to make it so that
- 7:10Speaker 4: the surrounding countries but by which they mean Israel, are
- 7:15Speaker 4: safe from any kind of nuclear threat from Iran downblending
- 7:20Speaker 4: under IAEA inspection would be plenty. Iranian's agreeing just not
- 7:25Speaker 4: to enter the facility you know where it's currently kind
- 7:28Speaker 4: of under.
- 7:28Speaker 3: Rubble would also satisfy that.
- 7:32Speaker 4: Taking it to a third country, Russia, as was done
- 7:34Speaker 4: in the twenty fifteen JCPOA, would also satisfy it. But
- 7:38Speaker 4: President Trump, while that was sort of on the table,
- 7:42Speaker 4: like you know, it was kind of floating as a possibility.
- 7:45Speaker 4: President Trump never once grasped at that. He never once said, oh, okay, Iran,
- 7:51Speaker 4: this was a way out. Iran seems willing to move
- 7:54Speaker 4: this to Russia. I can say that golf countries want
- 7:57Speaker 4: me to end this war live. Golf has struggling. We
- 8:00Speaker 4: got to get back to the basics, and we're going
- 8:02Speaker 4: to end this. That was on the table. Now the
- 8:07Speaker 4: new Supreme leader and there was regime change. Apparently, according
- 8:10Speaker 4: to Trump is saying no, that's that's no longer.
- 8:13Speaker 3: It's no longer on the table.
- 8:14Speaker 4: So now we have to see how Trump handles this humilization.
- 8:19Speaker 1: As of last night, Trump had said that we're right
- 8:22Speaker 1: on the borderline.
- 8:23Speaker 3: Let's take a lesson.
- 8:24Speaker 1: After you said yesterday're about an hour away from making
- 8:26Speaker 1: a decision.
- 8:26Speaker 2: Where does that stand today?
- 8:28Speaker 5: Have you heard anything from them?
- 8:30Speaker 6: Very right on the borderline.
- 8:33Speaker 7: Believe me, if we don't get the right answers, it
- 8:35Speaker 7: goes very quickly.
- 8:36Speaker 8: We're all ready to go.
- 8:38Speaker 6: We have to get the right answers.
- 8:39Speaker 7: It would have to be a complete answers, and if
- 8:43Speaker 7: we do, we save a lot of time, energy, and lives.
- 8:48Speaker 8: Most importantly, what you mean.
- 8:51Speaker 7: Could go very quickly for a few days.
- 8:54Speaker 6: It could be a few days, but it could go
- 8:56Speaker 6: very quickly.
- 8:58Speaker 8: Iran is a defeated nation.
- 9:00Speaker 7: We're dealing with some people, and we're dealing Actually, I
- 9:03Speaker 7: must tell you, we're dealing with some very good people.
- 9:05Speaker 6: We're dealing with people that.
- 9:07Speaker 7: Are I think, far more reasonable than the people.
- 9:09Speaker 5: That are really no longer with us.
- 9:12Speaker 6: We're dealing with some people with.
- 9:13Speaker 7: Talent, with good brain power, and we're pretty impressed by it.
- 9:19Speaker 7: So hopefully those people will make a deal that's gonna
- 9:21Speaker 7: be great for everybody.
- 9:23Speaker 1: So at that time, he's gassing him up. At the
- 9:25Speaker 1: same time, though he says, I'm not in a hurry.
- 9:27Speaker 1: I'm not in a hurry at all. Let's take listen
- 9:28Speaker 1: to that.
- 9:29Speaker 5: Only yron deal.
- 9:30Speaker 8: Would you be open to a limited deal that just
- 9:32Speaker 8: covered the straight uphimrs on Iran. It's a limited deal
- 9:36Speaker 8: just for a longest the.
- 9:37Speaker 6: Spot we would have to open the strait that would
- 9:39Speaker 6: open immediately. So we're gonna give this one shot. I'm
- 9:42Speaker 6: gonna know, hurry, you never if they go the midterms,
- 9:44Speaker 6: I'm gonna hurry.
- 9:45Speaker 1: I'm gonna know hurry.
- 9:46Speaker 6: I just I deally. I'd like to see few people
- 9:49Speaker 6: guilled as opposed to a lot. We can do it
- 9:52Speaker 6: either way, but but I'd like to see a few
- 9:54Speaker 6: people kill. I just wonder whether or not they have
- 9:57Speaker 6: the good of the people, because some of the things
- 10:00Speaker 6: said doing to me means they don't have the good
- 10:02Speaker 6: of the people, and they have to have the good
- 10:04Speaker 6: of the bad book.
- 10:05Speaker 1: Not in a hurry, not in a hurry at all.
- 10:06Speaker 1: So maybe maybe not again. Now, speaking of media literacy,
- 10:11Speaker 1: many of you should know this one. Let's put it
- 10:13Speaker 1: up here on the screen. New Iran proposal triggers the
- 10:16Speaker 1: tense Trump Netanyahu call from Barakravid over at Axios, who
- 10:23Speaker 1: gets very testy if you point out his previous IDF
- 10:26Speaker 1: military background. But anyways, Trump and Israeli Prime Minister netanyahuo
- 10:30Speaker 1: discussed a new effort to reach a deal with Iran
- 10:32Speaker 1: in a difficult call, a three sources said. One source
- 10:36Speaker 1: said Nettiyah, who's quote hair was on fire after the call,
- 10:40Speaker 1: So at first I'm like, hey, maybe this is a
- 10:43Speaker 1: good thing. So here's what they say. A revised piece
- 10:46Speaker 1: memo was drafted by Katar and Pakistan with the input
- 10:49Speaker 1: from the other regional mediators. The outline of the deal
- 10:53Speaker 1: is a memorandum of understanding. Ryan. The memorandum of understanding
- 10:58Speaker 1: would lead to a day ceasefire, even though this currency
- 11:03Speaker 1: star has been longer than thirty days, a gradual reducing
- 11:08Speaker 1: of the US naval blockade, and allegedly, like Iranian lack
- 11:13Speaker 1: of control over the Straits of Hormuz, some sort of
- 11:16Speaker 1: sanctions relief in the immediate term, like a twenty five
- 11:18Speaker 1: percent unfreezing. However, it does require the Iranians to make
- 11:23Speaker 1: at least some pre commitments to an eventual deal on
- 11:27Speaker 1: the nuclear file. This just doesn't really fit with a
- 11:30Speaker 1: lot of what we've seen out of them. I do
- 11:32Speaker 1: especially want your analysis here with Pakistan. Let's put the
- 11:35Speaker 1: next one up here on the screen, because they are
- 11:37Speaker 1: the lynchpin in this entire thing. This is from the
- 11:39Speaker 1: Pakistani media. They say Pakistan, on behalf of several regional countries,
- 11:43Speaker 1: is trying to convince i Ron to restore the strait
- 11:45Speaker 1: to its pre war status. At the same time, Trump
- 11:47Speaker 1: has told the Gulf countries We're ready to reset tizes
- 11:50Speaker 1: with i Run if it sezes the current opportunity and
- 11:52Speaker 1: signs a deal. Tehran has to make a final call
- 11:55Speaker 1: within the next two days. So we do know that
- 11:57Speaker 1: that's kind of happening at the current moment. There were
- 12:00Speaker 1: some original reports Pakistan was going to the Pakistani who
- 12:04Speaker 1: was it the Army chief was going to go fly
- 12:06Speaker 1: to Tehran present this deal, make it into a whole
- 12:09Speaker 1: big thing. But then the news that the Supreme Leader
- 12:11Speaker 1: announcement that came out this morning kind of throws a
- 12:13Speaker 1: wrench into this whole thing.
- 12:17Speaker 4: As people have been pointing out axios published by Barackravid
- 12:22Speaker 4: almost identical stories in June of twenty twenty five, right
- 12:25Speaker 4: before the Twelve Day War started, and then again in
- 12:28Speaker 4: February of this year, right before this ongoing war started.
- 12:33Speaker 4: So when some people saw that article like, oh wait,
- 12:36Speaker 4: I've read this twice.
- 12:38Speaker 3: Before, and I know what follows.
- 12:40Speaker 4: War resumes, right, and perhaps the Iranians are tired of
- 12:46Speaker 4: this pattern and are kind of throwing in some type
- 12:50Speaker 4: of new variable here, because otherwise it's like groundhog Day,
- 12:54Speaker 4: like Barakravid promises Netna who was furious, and that Trump
- 12:59Speaker 4: is on the brink of reaching a deal with them,
- 13:01Speaker 4: and then there's a surprise attack and they, you know,
- 13:04Speaker 4: they kill all that.
- 13:05Speaker 3: As many politicians and military figures.
- 13:07Speaker 4: And and Middle schoolers as they can, as they can
- 13:10Speaker 4: in like a short period of time. The the this
- 13:15Speaker 4: new fatwah about nuclear power, if it is it even
- 13:18Speaker 4: a fat one, I don't directive. I don't think it's
- 13:21Speaker 4: a foughtwa.
- 13:21Speaker 1: I'm not enough of a Shia religious scholar to the difference.
- 13:25Speaker 3: I mean, the bigger difference is.
- 13:27Speaker 4: Being harder to climb down from a fatwah than a directive.
- 13:31Speaker 3: Directive issue a new directive.
- 13:34Speaker 4: It shouldn't logically be that big of a deal because
- 13:37Speaker 4: there are so many ways for you to ensure nuclear
- 13:42Speaker 4: non proliferation or uh, make sure that inspections are robust enough,
- 13:48Speaker 4: especially because, as Trump has repeatedly said, they devastated the
- 13:53Speaker 4: entire program.
- 13:54Speaker 3: They kill all of the scientists. It's buried. It's literally
- 13:56Speaker 3: buried under rubble right now.
- 13:59Speaker 4: As he said, we have seven cameras on it watching
- 14:01Speaker 4: it at all times.
- 14:02Speaker 3: That's true, they do. So what are you freaking out about? Like,
- 14:07Speaker 3: so a deal should be there, But I don't know
- 14:11Speaker 3: with the way they're pessimistic.
- 14:13Speaker 1: I think people should be pessimistic because in the way
- 14:16Speaker 1: that Trump has talked, Trump has actually trapped himself twice ironically,
- 14:19Speaker 1: so he did the escalation trap where he didn't defeat Iran,
- 14:23Speaker 1: and so now he has only two options surrender and
- 14:25Speaker 1: or basically escalation. The other trap that he made is
- 14:29Speaker 1: he basically left himself no negotiating room whenever it came
- 14:32Speaker 1: to the nuclear issue, where he said, no, we're going
- 14:34Speaker 1: to take it all. And so those two things is
- 14:37Speaker 1: way past the JCPOA and actually run in a stronger
- 14:40Speaker 1: position now because of their drone threat, their ability to
- 14:43Speaker 1: sustain and survive in onslaught of the full force and
- 14:46Speaker 1: might of the United States Empire. Well, you also have,
- 14:49Speaker 1: you know, the neo con faction here in the United States.
- 14:52Speaker 1: Let's put a six up here on the screen. Here's
- 14:56Speaker 1: Lindsay Graham in only the way that Lindsay Graham can.
- 14:58Speaker 1: It's a subtweet with the you know, a belligerent praise
- 15:02Speaker 1: here at the top. I believe President Trump has done
- 15:04Speaker 1: a brilliant job and weakening the Iranian terrorist regime to
- 15:07Speaker 1: the lowest they've been since nineteen seventy nine. Pass off
- 15:10Speaker 1: to our commander in chief, to all who serve under
- 15:12Speaker 1: his command. Like everyone, I hope for a diplomatics lation, yes,
- 15:16Speaker 1: but it must be comprehensive to ensure Iran is no
- 15:20Speaker 1: longer the largest state bonser of terror. It must be real.
- 15:23Speaker 1: Negotiations was reliable. I appreciate everyone's efforts. And now he says,
- 15:27Speaker 1: I'm hearing the Pakistan's field Marshal may travel to Iran.
- 15:30Speaker 1: What could go wrong? Maybe he'll report the status of
- 15:33Speaker 1: Iranian military aircraft being housed on Pakistani air bases. Like
- 15:37Speaker 1: so many, I'm watching very closely what unfolds yet again
- 15:40Speaker 1: another effort to reach a deal with the Iranian regime.
- 15:43Speaker 1: I wish all involved success that it is real. Very
- 15:45Speaker 1: obviously thinly veils subtweet in this entire thing. And I
- 15:48Speaker 1: think what it demonstrates to everybody is that Natanyahu, Babe,
- 15:53Speaker 1: the Iran war lobby, Mark Levin and others, if you
- 15:56Speaker 1: just watch all of their communications over the last seventy
- 15:59Speaker 1: two hours, they are freaking out as if the deal
- 16:02Speaker 1: is real. But they also are laying the ground to
- 16:04Speaker 1: make it so that when he resumes the war, they
- 16:08Speaker 1: can claim, you know that this was the correct policy.
- 16:11Speaker 1: And also a demonstrats still say, oh, well, by Trump
- 16:13Speaker 1: drawing the thing, drawing the lines where he has, they
- 16:16Speaker 1: can say, oh, Iran's not negotiating good faith when in
- 16:18Speaker 1: reality like this was never on the table from the
- 16:21Speaker 1: beginning after the war, before the war, it's just literally
- 16:25Speaker 1: never existed. If you want to go and take the
- 16:27Speaker 1: nuclear dust, if you will, then you're gonna have to
- 16:29Speaker 1: go and get it. The consequences us for here at
- 16:32Speaker 1: home are remain immense. Let's put the next one up here.
- 16:35Speaker 1: You actually flagged this one, Ryan. Thirty year treasury yields
- 16:38Speaker 1: have now topped five point one nine percent, the highest
- 16:42Speaker 1: sinse before the financial crisis? Is that good? Anyone will
- 16:46Speaker 1: tell me? Is that a good thing?
- 16:48Speaker 3: Who's that good?
- 16:48Speaker 2: For?
- 16:49Speaker 3: Trying to think? Who that's?
- 16:51Speaker 1: Yeah, so they said rates for us following a string
- 16:54Speaker 1: of reports suggested inflationary pressures were reaccelerating as rising oil
- 16:58Speaker 1: prices tied the conflict with run pushed costs higher. The
- 17:01Speaker 1: development has spooked fixed income investors and cause traders to
- 17:05Speaker 1: bet that the next move by the Fed could actually
- 17:07Speaker 1: be a rate hike instead of a reduction. What that
- 17:10Speaker 1: means is that this is elevated borrowing costs for the
- 17:14Speaker 1: government and for everyone. So this is going to affect
- 17:17Speaker 1: credit card rates, mortgage rates, the bond market. Remember, is
- 17:22Speaker 1: what originally forced Trump's hand whenever it came to the tariffs.
- 17:26Speaker 1: This time around, it's a little bit different. He doesn't
- 17:27Speaker 1: have utilateral control except for, you know, a total surrender.
- 17:32Speaker 1: So you have the financial markets where they are kind
- 17:34Speaker 1: of ignore the stock market at this point, which is
- 17:36Speaker 1: basically just all open AI and you know SpaceX mania
- 17:41Speaker 1: AI literal AI mania in the stock market. But if
- 17:44Speaker 1: you look at the bond market, you look at the
- 17:46Speaker 1: oil market. Let me see, where's gas at as of
- 17:49Speaker 1: today four fifty six a gallon. That's like three cents
- 17:52Speaker 1: higher than when I checked it a couple of days ago.
- 17:55Speaker 1: Diesel five sixty five a gallon. I mean, it's just
- 17:58Speaker 1: it's hovering there. Umberg analysis came out this morning. The
- 18:02Speaker 1: median base case on Wall Street is that oil will
- 18:05Speaker 1: remain over one hundred dollars a barrel for at least
- 18:08Speaker 1: the next year. So what's that about four bucks a
- 18:10Speaker 1: gallon something like that. So, yeah, good luck, We're all
- 18:13Speaker 1: going to be paying that for quite a long time.
- 18:15Speaker 1: It's's not it's going to be a blip, a blip
- 18:17Speaker 1: or a short excursion, as Trump continues to say.
- 18:20Speaker 3: And Brent is down over the last couple of weeks.
- 18:23Speaker 4: As this ceasefire has kind of held, yes, so that
- 18:27Speaker 4: that flies right back up if he starts shooting again.
- 18:31Speaker 4: Imagine if the United States government, with the world's most
- 18:35Speaker 4: powerful military and a very powerful economy, is paying five
- 18:39Speaker 4: point almost two percent for a thirty year Note, what
- 18:44Speaker 4: are you going to pay when you go to the
- 18:45Speaker 4: bank trying to get a mortgage. Yes, you don't have
- 18:47Speaker 4: a military unless you have something I don't know you
- 18:50Speaker 4: got going on over there. You don't have the world's
- 18:53Speaker 4: most powerful economy behind you. You can't print money to pay
- 18:55Speaker 4: it back, So you're going to be paying well into
- 18:59Speaker 4: the sixth is five to six pushing seven, which completely
- 19:03Speaker 4: seizes up our real estate market because you can't afford
- 19:08Speaker 4: your mortgage. Then if you go out the house that
- 19:10Speaker 4: you're going to want to go out to buy, it's
- 19:12Speaker 4: going to cost you a lot more per month, and
- 19:14Speaker 4: then you're gonna be stuck in your apartment.
- 19:17Speaker 1: Well it's extremely ironic too, because Trump just appointed this
- 19:19Speaker 1: new FED chair whose entire directed was to lower rates,
- 19:23Speaker 1: and now the traders are like, no, he's actually gonna
- 19:26Speaker 1: have to increase rates based on where.
- 19:28Speaker 3: Things are, right, Yeah, things even more chaos, right, So.
- 19:32Speaker 1: Yeah, we're headed to a stagflation and basically just nineteen
- 19:35Speaker 1: seventies nonsense. And then finally we wanted to get this
- 19:37Speaker 1: in here just came out this morning. Let's put a
- 19:40Speaker 1: eight up here on the screen. Iran is now actually
- 19:43Speaker 1: rebuilding the military industrial base faster than expected and is
- 19:47Speaker 1: already producing new drones. According to US intelligence, this is
- 19:52Speaker 1: just the latest in a slew of well, they've dug
- 19:55Speaker 1: out all their missiles. Actually they're very resilient. Actually they
- 19:58Speaker 1: still have all this Actually they still have the capacity.
- 20:01Speaker 1: Like if we go back to it, it's actually it's
- 20:02Speaker 1: going to be the exact same thing, maybe worse actually
- 20:05Speaker 1: because this time around, they know how things went the
- 20:07Speaker 1: first time. They've studied it. All the US aircraft would
- 20:11Speaker 1: be more at risk based on the new tactics that
- 20:14Speaker 1: they've used. I mean, the US has studied it too.
- 20:17Speaker 1: There's gonna be some changes that they've made. I actually,
- 20:20Speaker 1: interestingly enough, I don't know if you've seen this. Have
- 20:21Speaker 1: you seen all these drone cages going up all over
- 20:24Speaker 1: the UAE. So, I mean, this is going to be
- 20:26Speaker 1: the new world that we live in, is that every
- 20:29Speaker 1: critical piece of infrastructure will have a hideous cage a
- 20:32Speaker 1: hideous metal cage that surrounds it, just to block a
- 20:36Speaker 1: drone from being able to smash it. Obviously, a missile
- 20:39Speaker 1: still would be able to but those are much easier
- 20:41Speaker 1: to hit than a twenty thousand dollars drone. But I
- 20:43Speaker 1: did want to flag that just in case hostilities.
- 20:45Speaker 3: Five star hotel with this little cage around it.
- 20:48Speaker 1: Imagine that, right? And so that's that's kind.
- 20:50Speaker 3: Of beautiful fountain with a cage around it.
- 20:52Speaker 1: Yeah, a gorgeous mountain. The imagine the guests at the
- 20:57Speaker 1: Dubai Fairmont or whatever whatever there's a hotel, is the
- 21:00Speaker 1: seven star hotel, I forget the name of it, or
- 21:03Speaker 1: the borge Khalifa, But with the the bush Kalleepa looks
- 21:06Speaker 1: a little different, doesn't that. Whatever, You've got a cage
- 21:08Speaker 1: that runs up the entire inside of.
- 21:10Speaker 3: It, a cage on your balcony.
- 21:11Speaker 1: Yeah, I don't think it's going to help the Dubai
- 21:13Speaker 1: a cratering real estate market, or the hotel occupancy rate,
- 21:16Speaker 1: or Dubai International Airport look flagging. All this because hostilities
- 21:20Speaker 1: could resume at any moment. If they were to resume,
- 21:23Speaker 1: in Trump's mind, it would be a limited strike. Now
- 21:26Speaker 1: in Ron's mind that it wouldn't be in Trump's mind
- 21:29Speaker 1: it would be a limited strike, and so if he
- 21:31Speaker 1: were to do it, it would happen over the weekend,
- 21:33Speaker 1: I think, because the oil markets in the stock market
- 21:36Speaker 1: couldn't react, and he would want some chance of being
- 21:38Speaker 1: able to go in and then stop before markets were
- 21:40Speaker 1: able to open on Monday. But look, that's where things
- 21:43Speaker 1: are right now, and in a very strange deja vu,
- 21:46Speaker 1: we can now turn to Cuba to talk. It feels
- 21:50Speaker 1: like only yesterday we were talking about the kidnapping of
- 21:52Speaker 1: a Latin American dictator and the potential conflicts coming with Iran.
- 21:57Speaker 1: So yeah, wow, three months later and we're exactly same.
- 22:00Speaker 1: We've got our good friend Juanda vid Rojas standing by.
- 22:03Speaker 1: Let's get to it. I'm very excited now to be
- 22:07Speaker 1: joined by our friend Juan David or Rojas. He is
- 22:09Speaker 1: a independent journalist, he's got his own substax social democracy
- 22:12Speaker 1: with populist characteristics. Are resident Latin America expert, So one,
- 22:17Speaker 1: you're here to talk about what's going on between the
- 22:20Speaker 1: United States government and Cuba. The White House released this
- 22:23Speaker 1: propaganda video yesterday indicting Raul Castro, an age ninety four
- 22:28Speaker 1: years old. Let's take a listen.
- 22:30Speaker 9: Today we are announcing an indictment charging Roul Castro and
- 22:37Speaker 9: several others with conspiracy to kill US nationals. Just this
- 22:48Speaker 9: is a story all too familiar. On February twenty fourth,
- 22:52Speaker 9: nineteen ninety six, two civilian aircraft operated by Brothers to
- 22:57Speaker 9: the Rescue were shot down over Internet National waters by
- 23:02Speaker 9: military aircraft from Cuba. Four men were killed, Carlos Costo,
- 23:09Speaker 9: Armando Lejandre Junior, Mario de la Pigne, and Pablo Morales.
- 23:18Speaker 9: They were unarmed civilians and were flying humanitarian missions for
- 23:24Speaker 9: the rescue and protection of people fleeing oppression across the
- 23:30Speaker 9: Florida Straits. As alleged in the indictment, Raul Castro and
- 23:35Speaker 9: five co defendants participated in a conspiracy that ended with
- 23:38Speaker 9: Cuban military aircraft firing missiles at those civilian planes and
- 23:43Speaker 9: killing four Americans.
- 23:44Speaker 1: All right, one, that's the story. What's actually going on here.
- 23:48Speaker 5: So some important context, and that announcement was made in
- 23:52Speaker 5: Miami in Freedom Tower, which you know is an icon
- 23:55Speaker 5: down here. You know, we're really pushing the limits of
- 23:59Speaker 5: hip hop in the region. Now, I mean by this logic,
- 24:02Speaker 5: you know, we've extra judicially killed like two hundred alleged
- 24:06Speaker 5: narco terrorists, a lot of which you know, they've not
- 24:08Speaker 5: given us any evidence for that. By the same logic, basically,
- 24:12Speaker 5: how many countries you know could indict Trump for like
- 24:17Speaker 5: these killings. Beyond that, as far as the incident itself
- 24:20Speaker 5: in nineteen ninety six with Brothers to the Rescue Brothers
- 24:23Speaker 5: to the Rescue, the head of it, Hosea, It was
- 24:27Speaker 5: a self professed former CIA operative who participated in acts
- 24:31Speaker 5: of terrorism on the island. Up until the nineties, there
- 24:35Speaker 5: were bombings conducted by Cuban exiles on the island. Horrible,
- 24:40Speaker 5: horrible stuff. Is a long history of exile terrorism here
- 24:44Speaker 5: in South Florida, including of other exiles that were viewed
- 24:47Speaker 5: as like not sufficiently anti communists enough, But so Brothers
- 24:53Speaker 5: to the Rescue, however, was a humanitarian organization they would
- 24:57Speaker 5: like try to find by Santos, you know, people fleeing
- 25:01Speaker 5: the island on like these small rafts or whatever. The
- 25:05Speaker 5: issue was that they had violated systematically twenty times Cuba's
- 25:09Speaker 5: airspace and so finally the Cuban government decided they've given
- 25:13Speaker 5: them multiple warnings and they'd also been worn by the
- 25:15Speaker 5: Flint administration. But ultimately, yeah, the Cuban government took those
- 25:19Speaker 5: planes down. They were technically in international waters when it happened,
- 25:22Speaker 5: but that's yeah, that's all the context got it.
- 25:25Speaker 4: Yeah, Cubas to this day disputes that they were in
- 25:29Speaker 4: international waters. Is what do we know about like exactly
- 25:35Speaker 4: where they were at that point, Because some of the
- 25:38Speaker 4: planes had actually flown over the Cuba's land mass, these
- 25:42Speaker 4: do seem to have certainly been flying over water and
- 25:46Speaker 4: not land mass, so that's not in question.
- 25:49Speaker 3: What do we know for sure about where they were?
- 25:52Speaker 5: The reporting I've seen is that at the time when
- 25:54Speaker 5: they were struck down, they were in international waters. I mean,
- 25:57Speaker 5: you know, there's oftentimes dispute as a different country say
- 26:00Speaker 5: they're no, actually the international waters. But it's also true, however,
- 26:06Speaker 5: that in the same flights they had violated Cuban airspace.
- 26:09Speaker 5: So just because they were shot down when when in
- 26:12Speaker 5: the specific moment when they were shot down, doesn't mean
- 26:14Speaker 5: they hadn't that same day violated.
- 26:17Speaker 1: Zooming out a little bit here, Juan, what are we doing.
- 26:20Speaker 1: We're indicting Raoul Costori's ninety four years old. This alleged
- 26:24Speaker 1: incident took play What year was it ninety six or.
- 26:26Speaker 5: Eight ninety six?
- 26:27Speaker 1: So I was four years old. I'm now thirty four,
- 26:29Speaker 1: So is that thirty years ago whenever this allegedly happened.
- 26:34Speaker 1: So why do it now? Is this the Venezuela playbook?
- 26:39Speaker 1: What is the impetus for trying to do this? How
- 26:43Speaker 1: does it fit with the broader Trump administration approach to Cuba?
- 26:48Speaker 5: I mean, it's you know, we can only speculate, but
- 26:52Speaker 5: presumably they're trying a similar kind of playbook to Maduro.
- 26:56Speaker 5: You have these charges against the head of state. Maybe
- 26:59Speaker 5: you know, the negotiating with the regime, they might try
- 27:02Speaker 5: to get to some sort of arrangement where they hand
- 27:05Speaker 5: out where they asked for them to hand over a
- 27:08Speaker 5: Rouel Costro. That seems unlikely. But most of this, it's
- 27:14Speaker 5: it's symbolic. It's just meant to appease people here in
- 27:17Speaker 5: South Florida. I mean, you heard the applause. And I've
- 27:20Speaker 5: said this for a while. I think a lot of
- 27:22Speaker 5: this is an electoral strategy, because Trump's approval is cratered
- 27:26Speaker 5: with Latinos, even a lot of Latina Trump Latino voters.
- 27:30Speaker 5: Latinas have voted for Trump, He's lost like half a
- 27:34Speaker 5: third of his Latino voters since then. So in this way,
- 27:40Speaker 5: I mean even in South Florida we talked about this,
- 27:43Speaker 5: I think last year. Even among Cuban Americans, the immigration,
- 27:46Speaker 5: especially the deportation policy is extremely controversial. There was this
- 27:50Speaker 5: insane case of this Trump supporting Cuban national who was
- 27:54Speaker 5: deported to a maximum security president s Watini. He did
- 27:58Speaker 5: have a criminal history, but you know this is you know,
- 28:01Speaker 5: for Cubans, the thought of like being deported to a
- 28:03Speaker 5: third country that's insane, to a maximum security prison. So yeah,
- 28:08Speaker 5: I see this as them trying to salvage support among
- 28:11Speaker 5: a key voting base here in South Florida. And you
- 28:15Speaker 5: talk to a lot of you know, rank and file
- 28:18Speaker 5: of what I call Miami neocons down here, and yeah,
- 28:20Speaker 5: they'll say that they're not fans of the immigration policy.
- 28:23Speaker 5: And you know, there's been a lot of back and
- 28:25Speaker 5: forth between Maria Vidas asad representative down here, who's pushed
- 28:29Speaker 5: for the Dignity Act that MAGA is called amnesty, but
- 28:33Speaker 5: she's obviously very hawkish against Cuba, Venezuela, et cetera. So
- 28:39Speaker 5: you know, a lot of people will tell you it's like, yeah,
- 28:41Speaker 5: I don't really like the immigration stuff, but he's going
- 28:44Speaker 5: to liberate Cuba, so that's great.
- 28:46Speaker 4: And while he's talking about liberating Cuban Cuba, at least
- 28:49Speaker 4: two Cubans have died in immigrant detention centers since Yeah, yeah, yeah,
- 28:53Speaker 4: of course his round up. But let's let's hear from
- 28:55Speaker 4: Trump directly on his latest about his interest in freeing Cuba.
- 29:01Speaker 3: Let's play B three here.
- 29:02Speaker 8: I have so many Cuban friends in Miami, mostly in
- 29:05Speaker 8: Miami and Florida, and they're unbelievable people. They're unbelievable entrepreneurs,
- 29:11Speaker 8: and they'd like to go back.
- 29:13Speaker 6: I think hopefully they're going to want to live here,
- 29:15Speaker 6: but they want to go back. Maybe they'll a best.
- 29:17Speaker 5: We'll see what happens.
- 29:18Speaker 6: But we're bringing up Cuba.
- 29:20Speaker 4: And he said he and in my Secretary of state
- 29:23Speaker 4: he's even from there, which is sort of true, but
- 29:25Speaker 4: he was born here. Put up before Marco Rubio directly
- 29:31Speaker 4: appealed kind of to the Cuban people in a kind
- 29:34Speaker 4: of kind of Spanish language address, kind of urging them
- 29:37Speaker 4: to over overthrow their government.
- 29:40Speaker 3: What what did? What?
- 29:42Speaker 4: What was the message that Rubio sent to kind of
- 29:45Speaker 4: the people of Cuba through that Spanish language address.
- 29:50Speaker 5: Yeah, that was a stunning bit of propaganda. Yeah, he
- 29:53Speaker 5: gave the whole speech in Spanish. And look, I'm a
- 29:57Speaker 5: fervent critic of both neo conservatives and the Cuban regimes.
- 30:01Speaker 5: I think there are things we can blame both of
- 30:02Speaker 5: these factions for. Like any good propaganda, Rubio mixes truth
- 30:07Speaker 5: with lies, and so, you know, it is true a
- 30:12Speaker 5: lot of the Cuban elite they live extremely comfortably in
- 30:15Speaker 5: Madrid Gayesa. Like it's this conglomerate that controls a lot
- 30:21Speaker 5: of enterprises on the island. It's basically this regime slush fund.
- 30:24Speaker 5: They like pocketed the billions that they got from Venezuela
- 30:27Speaker 5: during the two thousands and just have used it. You know,
- 30:31Speaker 5: like I was the I've been in Cuba three times.
- 30:33Speaker 5: I was last there in twenty twenty four, and even
- 30:36Speaker 5: in twenty twenty four, they were like still building hotels,
- 30:38Speaker 5: knowing full well that you know, no tourists were coming in.
- 30:43Speaker 5: It's just a form of cronyism. So you know, some
- 30:46Speaker 5: of that is true. On the other hand, you know,
- 30:49Speaker 5: he says, it's not our fault that you're suffering. You
- 30:54Speaker 5: know they talk about an oil embargo, sanctions, whatever. No,
- 31:00Speaker 5: it's all the Cuban regime. They're the reason why you're suffering.
- 31:03Speaker 5: They're the reason why the power is going on. That's
- 31:05Speaker 5: completely ridiculous. Obviously, the blackouts have to do with the
- 31:09Speaker 5: fact that we're not even letting third countries Russia, Mexico
- 31:13Speaker 5: send oil to the island their energy grid. Sure you
- 31:16Speaker 5: could argue that, you know, decades ago they could have
- 31:18Speaker 5: improved it. And you know now supposedly they're getting help
- 31:21Speaker 5: from China building solar panels. But the reality is that
- 31:24Speaker 5: and he talks about the Bahamas. If we were doing
- 31:27Speaker 5: this to the Bahamas, obviously they would collapse. We could
- 31:30Speaker 5: do this to any any island country in the world
- 31:33Speaker 5: and they would not survive.
- 31:35Speaker 1: Yeah. One, there's some latest news I actually want your
- 31:37Speaker 1: reaction to. We can put this in post production. The
- 31:40Speaker 1: Nimitz aircraft carrier has actually just entered the Caribbean as
- 31:44Speaker 1: you and I are speaking. They say the carrier arrives
- 31:46Speaker 1: in the South Caribbean. On the same day, the Justice
- 31:49Speaker 1: Department announced charges against Raul Castro. One of the general
- 31:53Speaker 1: rules one that we have at this point is when
- 31:56Speaker 1: the carriers go. We usually military action of some kind follows.
- 32:01Speaker 1: At first it was there to pressure Maduro, then we
- 32:03Speaker 1: ended up using it. Then it was there to pressure Iran,
- 32:06Speaker 1: then we ended up using it. Now we've got the
- 32:08Speaker 1: nimits there. They say, well, it may not engage in
- 32:10Speaker 1: direct combat operations. But of course that same aircraft carrier,
- 32:15Speaker 1: US naval assets were used as a staging grounds for
- 32:18Speaker 1: the kidnapping raid of Nicholas Maduro. Now, how do you
- 32:23Speaker 1: expect the Cuban government to respond? Would it be a
- 32:26Speaker 1: Venezuela style thing? They accept it? Basically they have some
- 32:31Speaker 1: successor Raoul Castro is ninety four. You want to put
- 32:33Speaker 1: them on trial? Whatever, All right, give us oil relief
- 32:36Speaker 1: and then we can all sail off into the sunset.
- 32:38Speaker 1: Or do you think that they would resist?
- 32:41Speaker 5: It's hard to say. I mean, you know, and you know,
- 32:46Speaker 5: we can look at Venezuela. It's clear that a lot
- 32:49Speaker 5: of the people in charge, like you know, it's only
- 32:51Speaker 5: lip service that the ideology, they're really willing to do
- 32:55Speaker 5: whatever to stay in power, to stay in power. Maybe
- 32:59Speaker 5: in Cuba a lot of the more radical sectors would
- 33:02Speaker 5: not be willing to give in. I mean, here's another thing,
- 33:05Speaker 5: Ruby talks about oh, you guys have rejected reform. That's
- 33:08Speaker 5: true in the sense that like Russia, China, and Cuba's
- 33:12Speaker 5: own economists have been telling them to follow like the
- 33:16Speaker 5: Chinese and Vietnamese models for a long time. And you
- 33:19Speaker 5: know what, like d es Canadi will say, it's like, oh,
- 33:21Speaker 5: they weren't subjected to the same kind of embargo that
- 33:23Speaker 5: we were. But so yeah, like guy A sign all
- 33:28Speaker 5: that there are entrenched sectors like in any other country,
- 33:31Speaker 5: that are just vehemently opposed to change. But as far
- 33:35Speaker 5: as military action is concerned, you know, the reporting drop
- 33:38Speaker 5: Side has done a lot on this that in the
- 33:41Speaker 5: government they are willing to negotiate exactly what you know,
- 33:46Speaker 5: concessions they're willing to give. It's hard to say now
- 33:49Speaker 5: as far as the NIMTS is concerned, which UFO fans,
- 33:52Speaker 5: you know, we know about the KNIMTS. But in this case, yeah,
- 33:57Speaker 5: like you said, with Iran and with Venezuela, honestly, I'm
- 34:01Speaker 5: going to be I'm going to be real. We we
- 34:03Speaker 5: could seriously expect to see some sort of military action
- 34:07Speaker 5: in the future. The problem is once you you know,
- 34:09Speaker 5: you've dedicated so many resources and pushed so far rhetorically,
- 34:13Speaker 5: I mean, especially down here. If they don't end up
- 34:15Speaker 5: doing something, uh, they're going to face some backlash.
- 34:18Speaker 4: Interesting, and I wonder what it means because in Venezuela,
- 34:22Speaker 4: Maduro was the undisputed kind of leader of the country,
- 34:26Speaker 4: whereas in Cuba, power is a lot more kind of diffuse.
- 34:30Speaker 4: Like DZ Canal is technically in charge, he's fairly weak
- 34:35Speaker 4: and unpopular leader. You know, I think the pressure that
- 34:39Speaker 4: he's come under has, you know, paradoxically kind of increased
- 34:43Speaker 4: his stature a little bit, at least among the kind
- 34:46Speaker 4: of cadre of the rest.
- 34:47Speaker 3: Of the leadership of the Huban government.
- 34:49Speaker 4: There are plenty of people who have their own fiefdoms
- 34:52Speaker 4: there that you know, report to the canal but not really.
- 34:56Speaker 3: But then you've got Roald.
- 34:57Speaker 4: Castro, this aging uh, you know, he's no longer in power,
- 35:02Speaker 4: but kind of everything sort of still can sort of
- 35:05Speaker 4: run through him. And so it doesn't leave you the
- 35:10Speaker 4: same button to push like you had in Venezuela. Like, okay,
- 35:12Speaker 4: let's say you grabbed Diaz Canal, What what has that
- 35:17Speaker 4: actually achieved.
- 35:18Speaker 3: Let's tell you grab Castro, but you leave Thea's canal.
- 35:20Speaker 4: You would grab them both what like, you know, you
- 35:24Speaker 4: but you left, but you left all the various committees
- 35:27Speaker 4: in place? Or does does none of it matter? And
- 35:30Speaker 4: Trump just needs some sort of something.
- 35:35Speaker 5: Yeah, that's a great point. And you know, I think
- 35:38Speaker 5: that Trump would be more willing to come to to
- 35:40Speaker 5: come to some sort of arrangement with the regime. And
- 35:43Speaker 5: you know, like I said, like Ruby was saying, oh,
- 35:45Speaker 5: you know, we want you guys to open up. He's
- 35:48Speaker 5: full of crap like, but he wants this regime change
- 35:50Speaker 5: and that's a fundamental problem. Uh. You know, I I
- 35:54Speaker 5: wrote a recent piece for New Lines where there's a
- 35:57Speaker 5: part where I compare like the Israel lobby to the
- 36:00Speaker 5: Miami lobby. You know, like the Israel lobby like they
- 36:04Speaker 5: don't really care what happens, and the Iran like that.
- 36:06Speaker 5: You know, they'd be fine with a failed state, uh
- 36:09Speaker 5: is state collapse, any any kind of stuff like that.
- 36:12Speaker 5: In Miami, they want full on regime change and they
- 36:14Speaker 5: will not settle for anything else. So you have some
- 36:16Speaker 5: sort of Desi Rodriguez type situation in Cuba. Uh, maybe
- 36:21Speaker 5: that would work for Trump, but it's not gonna work
- 36:23Speaker 5: for people down here. They're not gonna and a lot
- 36:25Speaker 5: of Trump's government, especially with regards the Hemispheric's policy, as
- 36:30Speaker 5: staffed by these Miami neocons, a lot of the ambassadors
- 36:33Speaker 5: and close friends of Rubio that are in charge. And
- 36:37Speaker 5: so last, yeah, and it's hard to say that the
- 36:40Speaker 5: difference between Cuba and Venezuela is that, you know, Cuba
- 36:43Speaker 5: is a one party state. They don't have a formal
- 36:45Speaker 5: opposition like Venezuela has, you know the trappings of like
- 36:48Speaker 5: democratic institutions.
- 36:51Speaker 7: Uh.
- 36:51Speaker 5: In Cuba, the government controls everything.
- 36:54Speaker 4: So yeah, So speaking of drops out reporting, one little
- 36:59Speaker 4: funny piece to leave you guys with, we can put
- 37:01Speaker 4: up B five here. There's been all this talk about
- 37:03Speaker 4: this hundred million dollar offer of humanitarian aid that Rubio
- 37:08Speaker 4: has made to Cuba.
- 37:09Speaker 3: He has said, you know, they're sort of not willing
- 37:11Speaker 3: to take it.
- 37:12Speaker 4: We looked into it soars as toll as the aid
- 37:14Speaker 4: effectively amounts to about one hundred million dollars worth of
- 37:17Speaker 4: starlinks that they want to send on onto the island Cuba.
- 37:22Speaker 4: I mean, Rubio has at times referred to this as
- 37:24Speaker 4: quote food and medicine, but in other statements has acknowledged
- 37:27Speaker 4: that it's actually about fast and free internet so you know,
- 37:32Speaker 4: we'll see whether or not Musks, you know, Musks SpaceX
- 37:37Speaker 4: ends up becoming a player and this as well.
- 37:40Speaker 3: Do you have any final.
- 37:41Speaker 4: Thoughts on this, this bizarre one hundred million dollar offer
- 37:45Speaker 4: of humanitarian aid that is coming at the same time
- 37:48Speaker 4: that we have a blockade around the island.
- 37:53Speaker 5: Yeah, I mean it's clear. Yeah, they you know, they
- 37:58Speaker 5: who knows what's exactly in their head, but they're probably thinking, oh,
- 38:00Speaker 5: if we can get more internet to people on the island,
- 38:02Speaker 5: especially if it's not controlled by the government, we can
- 38:05Speaker 5: spur some sort of uprising. Oh but one last thing,
- 38:09Speaker 5: actually I sent this to both of you guys. Bloomberg
- 38:11Speaker 5: reported yesterday, hours before the indictment that what was the
- 38:16Speaker 5: name of it? This is a Canadian mining company which
- 38:19Speaker 5: is like the last one. It has like a cobalt
- 38:23Speaker 5: mine on the island. They were going to pull out
- 38:26Speaker 5: last week. They announced they were leaving Cuba because of
- 38:28Speaker 5: additional sanctions we put on the Cuban government, and they
- 38:32Speaker 5: reversed yesterday saying that they were going to give a
- 38:35Speaker 5: stake to a Trump ally. So yeah, it looks like
- 38:39Speaker 5: Trump and there's been this big push, you know, the
- 38:41Speaker 5: recent meeting between Trump and Lula for critical rare arts
- 38:45Speaker 5: and all their critical minerals.
- 38:47Speaker 3: So amazing.
- 38:48Speaker 4: You just got to get Trump cronies in there, and
- 38:50Speaker 4: we're good.
- 38:51Speaker 1: Love it. Yeah, we'll see how. We'll see how the
- 38:54Speaker 1: Florida guys like that. One. I won't lie, I'm gonna
- 38:57Speaker 1: laugh my ass off one if they end up robel Castro.
- 39:01Speaker 1: But then the regime becomes like filthy rich and we
- 39:05Speaker 1: basically strike some sort of a deal and they're like, wait,
- 39:08Speaker 1: but that's not what we wanted. I'm like, oh oops,
- 39:11Speaker 1: no takes you baxies gone Trump until yeah, Trump do you?
- 39:15Speaker 1: That will be with the Cuban government will issue an
- 39:17Speaker 1: exclusive casino license to Donald Trump Junior. Uh, And that
- 39:21Speaker 1: that will be how this entire thing ends.
- 39:23Speaker 5: Could be could be the lobb you would have to
- 39:26Speaker 5: stand for it.
- 39:27Speaker 1: Right, all right, thank you very much for your time.
- 39:28Speaker 1: We appreciate your analysis.
- 39:30Speaker 3: Makes sense.
- 39:33Speaker 4: Jeff Bezos sat down with CNBC, which usually gives us
- 39:36Speaker 4: some pretty good content. Let's let's take a look at
- 39:40Speaker 4: just a little bit.
- 39:40Speaker 10: And Elizabeth Warren has made this point that I think
- 39:43Speaker 10: she's made any reference to you and others are able
- 39:46Speaker 10: to pay a lower tax rate, even though you're paying
- 39:48Speaker 10: an enormous some in taxes a lower tax rate. Well
- 39:52Speaker 10: then maybe.
- 39:54Speaker 11: People uh sometimes say that that you know, I don't
- 39:59Speaker 11: pay taxes. So true, I paid billions of dollars in
- 40:01Speaker 11: taxes and it's a perfect Again, if people want me
- 40:04Speaker 11: to pay more billions, then let's have that debate. But
- 40:07Speaker 11: don't pretend you know that this that that's going to
- 40:10Speaker 11: solve the problem. You could you could double the taxes
- 40:14Speaker 11: I pay, and it's not going to help that teacher
- 40:16Speaker 11: in Queens. I promise you this is so you can't
- 40:20Speaker 11: connect those two things not logically. You know there there
- 40:25Speaker 11: there are mark savels. Why is rent expensive? Why is
- 40:28Speaker 11: rent so expensive? I recently saw somebody blamed it on Airbnb. Okay,
- 40:33Speaker 11: Airbnb is not the cost of expensive rent. In fact,
- 40:36Speaker 11: it's been almost no let me finish your one second.
- 40:38Speaker 1: It's already been.
- 40:39Speaker 11: Outlawed in New York City and rents are still very high.
- 40:43Speaker 11: So we know airbnb isn't causing high rents. What's really
- 40:46Speaker 11: causing high rent is government intervention.
- 40:51Speaker 4: So mayor Mom Donnie shot back, and Dottie said, I
- 40:53Speaker 4: know a few teachers and queens who would beg to differ,
- 40:56Speaker 4: but yeah, more to the point, it's not. And then
- 40:58Speaker 4: when you get to some more of his comments, I
- 41:01Speaker 4: hate finding out how average these guys. I want them
- 41:05Speaker 4: to be brilliant, Yes, because then I live in a.
- 41:08Speaker 3: Slightly fair world. Yeah, it's still unfair, but at least.
- 41:12Speaker 1: They are brilliant. But they're brilliant in a way that
- 41:14Speaker 1: is not all that interesting, as in optimizing Amazon Prime
- 41:18Speaker 1: and delivery service. But if you want to read the book,
- 41:20Speaker 1: you should the Everything story. It's quite good twenty thirteen
- 41:23Speaker 1: of the actual history of Amazon. But what we often
- 41:26Speaker 1: find out is that being extraordinarily good at one thing
- 41:29Speaker 1: often doesn't make you a particularly good at everything, and
- 41:33Speaker 1: may in fact be inverse in terms of your ability
- 41:35Speaker 1: to be a good season. So let's break this down.
- 41:37Speaker 1: Jeff Bezos says raising his taxes will not help anyone.
- 41:41Speaker 1: You could double the taxes I pay, and it's not
- 41:43Speaker 1: going to help that teacher in Queen's I promise you,
- 41:46Speaker 1: under the current system, he may not be wrong. Under
- 41:48Speaker 1: a different system, entirely wrong. And what's really funny about
- 41:53Speaker 1: this is that they're all couching this. I have noticed,
- 41:55Speaker 1: you know, Chamat and all these others are celebrating where
- 41:58Speaker 1: their new idea is that the of them, fifty percent
- 42:01Speaker 1: of Americans should pay zero income tax because they're like, well,
- 42:03Speaker 1: they only make up three percent of total taxes, so
- 42:06Speaker 1: they should pay nothing. First of all, that's a terrible idea.
- 42:10Speaker 1: But second of all, because a I mean, it's a
- 42:13Speaker 1: terrible idea. And let's just kind of go through why
- 42:15Speaker 1: even though quote it only is three percent. Well, we've
- 42:18Speaker 1: talked a lot about this. One of the reasons why
- 42:19Speaker 1: having property tax or income tax or any of these
- 42:22Speaker 1: things is that you actually literally have a stake in
- 42:24Speaker 1: the system. Now, I agree that you know that the
- 42:26Speaker 1: percentage that they're paying is not in any way semi
- 42:29Speaker 1: meaningful let's say, to federal revenue, but in this case
- 42:32Speaker 1: the problem. And by the way, at the same time,
- 42:35Speaker 1: when saying that we should cut those three he's also like,
- 42:37Speaker 1: you shouldn't tax me more so if we were going
- 42:39Speaker 1: to make a trade, I'd be like, all right, fine,
- 42:41Speaker 1: But that's not really what he's talking about. What they're
- 42:44Speaker 1: really talking about is they're trying to effectively say that
- 42:47Speaker 1: paying taxes of any kind for the poor and for
- 42:50Speaker 1: the rich is not actually inherently good and or doing
- 42:54Speaker 1: anything for society. This is a broad scale war and
- 42:57Speaker 1: you've seen this now with all of bezos individual actions.
- 43:01Speaker 1: So since he formed Amazon and exited as the CEO,
- 43:05Speaker 1: what has he done? He moved to Miami? Why because
- 43:08Speaker 1: he's from there? No, okay, it's because of the Seattle
- 43:11Speaker 1: wealth tax. That's the reason. So he's like, well, I
- 43:14Speaker 1: gotta claim to this. Also, what has he done in
- 43:16Speaker 1: his post CEO age. He's injecting testosterone, He's marrying this
- 43:22Speaker 1: woman Lauren Sanchez, partying at Saint Bart's on yachts which okay, million,
- 43:29Speaker 1: and also giving one hundreds to Van Jones and like
- 43:32Speaker 1: the Obama Foundation or whatever. It's like, dude, you are
- 43:35Speaker 1: doing absolutely nothing. And the poll ethos is he just
- 43:41Speaker 1: doesn't want to pay any more taxes, Like it really
- 43:43Speaker 1: is that simple. When you look at the Washington Posts
- 43:46Speaker 1: and their whole what do they call free markets or expression,
- 43:49Speaker 1: it's like it's bullshit, Like look at what the stuff
- 43:52Speaker 1: that they actually care about and some of their more
- 43:53Speaker 1: recent hires. It's like libertarians who are talking about why
- 43:58Speaker 1: privatizing Social Security would have been a good thing. I'm
- 44:00Speaker 1: not even joking. That's like one of the more recent
- 44:02Speaker 1: hit columns that they've had over there. That's all he
- 44:05Speaker 1: cares about. He just doesn't want to pay any more taxes.
- 44:08Speaker 1: We're some two hundred and twenty four billion dollars, and
- 44:11Speaker 1: it's not it's a cynical move that they're adopting, where
- 44:14Speaker 1: they're saying they're trying to tie their taxation status to
- 44:18Speaker 1: that of the bottom fifty percent of Americans. Right, that's
- 44:21Speaker 1: what this whole thing is actually about. And then notice
- 44:24Speaker 1: he talks there about government control. You and I are
- 44:27Speaker 1: not Nimby's. We probably don't even disagree about that Airbnb thing.
- 44:31Speaker 1: But look at the slide of hand where he's like,
- 44:34Speaker 1: taxing me will do nothing more for you, And it's like, yeah,
- 44:37Speaker 1: maybe under the current system, but that's not really what
- 44:39Speaker 1: we're talking about, is it.
- 44:41Speaker 3: Yeah, And I'll just check.
- 44:42Speaker 4: It would cost about two hundred billion dollars to double
- 44:46Speaker 4: every teacher's salary for a year, and he's worth way
- 44:49Speaker 4: more than that.
- 44:49Speaker 1: We're twenty fourth of whatever the Amazon market cap is
- 44:53Speaker 1: as of today. No, you're absolutely right in terms of
- 44:56Speaker 1: you know, teacher pay or salary. But part of the
- 44:59Speaker 1: reason that the this really makes me angry is that
- 45:03Speaker 1: what they fund by the way, he just moved to
- 45:05Speaker 1: a state which wants to do what, eliminate property tax? Right?
- 45:08Speaker 2: Oh?
- 45:08Speaker 1: What what was that the thing that actually pays for
- 45:11Speaker 1: the school? Oh right? Oh yeah. And by the way,
- 45:14Speaker 1: how much does this house cost down there? Like one
- 45:16Speaker 1: hundred million dollars some ridiculous sum of money. That's the
- 45:20Speaker 1: whole scheme. They just don't want to pay anything. Because
- 45:22Speaker 1: if you were to say, all right, Jeff, you don't
- 45:24Speaker 1: have to pay any more income tax, We're just going
- 45:25Speaker 1: to quadruple your probably, but oh, we can't do that,
- 45:28Speaker 1: you know, we can't have any of that.
- 45:29Speaker 4: And the reason they're right that there's an increasing amount
- 45:33Speaker 4: of the tax burden that has gone to the very
- 45:36Speaker 4: richest by percentage.
- 45:37Speaker 3: The reason for that over the last forty to fifty years.
- 45:40Speaker 4: Is that all of the wealth and income are flowing
- 45:43Speaker 4: to the very top, so they're the ones that have it.
- 45:46Speaker 4: So it sucks that three percent or whatever of the
- 45:50Speaker 4: revenue comes from the bottom half. But why it sucks
- 45:53Speaker 4: is that we want the bottom half to have more
- 45:56Speaker 4: wealth and income.
- 45:57Speaker 1: Also, it is a slide of hand in the sense
- 45:59Speaker 1: of the bottom fifty making up three because what does
- 46:01Speaker 1: to ignore Fika, right, everybody has to pay FIKA, especially
- 46:05Speaker 1: at the lower level. In fact, you know FIKA is
- 46:07Speaker 1: in terms of the percent chunk whenever you're bottom fifty,
- 46:10Speaker 1: it's pretty high.
- 46:11Speaker 3: Right because you stop paying because you stopped.
- 46:12Speaker 1: Paying because of the cap. So of course everybody ignores
- 46:16Speaker 1: all of that one. So in terms of the cap,
- 46:17Speaker 1: they're paying percent wise and even dollar wise, like what
- 46:21Speaker 1: a much more meaningfully amount than let's say, Amazon CEO
- 46:25Speaker 1: or somebody else whose W two income might be I
- 46:28Speaker 1: don't know, five hundred and six hundred thousand, not to
- 46:30Speaker 1: even mention all the capital gains breaks that they get
- 46:32Speaker 1: at the fifteen to twenty percent for where they are.
- 46:35Speaker 1: And I think that, look, it's all just so naked
- 46:39Speaker 1: and disgustingly cynical when you pair it with this next
- 46:41Speaker 1: clip of him just like fawning over Donald Trump. Let's
- 46:46Speaker 1: take a listen.
- 46:47Speaker 10: When I last interviewed you, yeah, two years ago, President
- 46:51Speaker 10: Trump had just won, he was not the president yet,
- 46:54Speaker 10: and I'd asked you what you thought of you at
- 46:55Speaker 10: the time, and you said that you thought that he
- 46:58Speaker 10: had mellowed that he was. Yeah, and I'm curious now
- 47:02Speaker 10: here we are. I still think that two years later, Yeah,
- 47:05Speaker 10: we've had lots of uh with wars and tariffs and
- 47:09Speaker 10: all sorts of things that have.
- 47:10Speaker 11: Happened since saying what do you think I think he has.
- 47:13Speaker 11: I mean, I'm comparing him to his first term, and
- 47:15Speaker 11: I think he is a more mature, more disciplined version
- 47:19Speaker 11: of himself than he was.
- 47:20Speaker 1: In his first term.
- 47:22Speaker 11: And you know, so he's again I've I've worked with
- 47:26Speaker 11: all the presidents. I will work with all the presidents,
- 47:28Speaker 11: you know, and I hope to do that going forward
- 47:31Speaker 11: if they'll have me. But it's we we need our
- 47:35Speaker 11: business leaders to provide input into the the administration, regardless
- 47:41Speaker 11: of who the president is. I'm not on the side
- 47:45Speaker 11: you know what this is. I'm on the side of
- 47:47Speaker 11: America and I and that is so important, like and
- 47:52Speaker 11: that's where business leaders should be. It's just I think no,
- 47:56Speaker 11: I think no, I think we are, but we get
- 47:59Speaker 11: perceived as being like, you know, partisan or whatever. Like
- 48:03Speaker 11: I was helping Obama average chance I could. I was
- 48:06Speaker 11: helping Biden every chance I could. I still call Obama
- 48:09Speaker 11: for advice. He's a very smart guy. And you know,
- 48:13Speaker 11: and by the way, people that are Trump has lots
- 48:17Speaker 11: of good ideas and he has done a lot of
- 48:19Speaker 11: has been right about a lot of things. You have
- 48:21Speaker 11: to give him credit where credit is due.
- 48:24Speaker 1: First of all, he was closer to Obama because he
- 48:26Speaker 1: didn't want to pay more tax. You guys seeing the
- 48:28Speaker 1: there's a through line here. One hundred million dollars to
- 48:32Speaker 1: the Obama Foundation in twenty eighteen. What a bunch of
- 48:34Speaker 1: money to Van Jones. What was like a genius Pride,
- 48:37Speaker 1: the Bezos Genius Prize. It's just whatever happenings exactly. It
- 48:43Speaker 1: was used to produce Instagram shorts by why Hassan Ker.
- 48:48Speaker 4: It's a threat and you need dialogue with some biker
- 48:51Speaker 4: he uses to talk to him.
- 48:52Speaker 1: It's so foolish, the whole thing. I don't know, Ryan, it's,
- 48:56Speaker 1: like you said, just the sheer mediocrity also of their
- 48:58Speaker 1: thought process and then the goodness of what it's all about.
- 49:01Speaker 1: And you know, he even said, I think we have
- 49:04Speaker 1: this that line.
- 49:05Speaker 4: About too much corporate wealthfare welfare.
- 49:07Speaker 3: That's okay, let's take one.
- 49:10Speaker 1: We'll talk about it.
- 49:10Speaker 11: We have way too much corporate welfare, way too much
- 49:14Speaker 11: corporate subsidies. We have there's way too much influence in
- 49:19Speaker 11: politics from business. In some cases wealthy people who really
- 49:24Speaker 11: focus on that.
- 49:25Speaker 3: Unions.
- 49:26Speaker 11: There's a bunch of people interfering in the political process,
- 49:29Speaker 11: and if we can make that better, we should do
- 49:31Speaker 11: that too.
- 49:32Speaker 1: That's that would be another root cause you go.
- 49:34Speaker 11: Back and figure out what is happening there.
- 49:38Speaker 1: There's too much corporate welfare. Yeah, yeah, too much government influences.
- 49:41Speaker 1: Yet unions what.
- 49:45Speaker 5: What was that?
- 49:47Speaker 1: There's so naked.
- 49:48Speaker 3: How many corporate subsidies do as Amazon.
- 49:50Speaker 1: Yet here's the other thing too, They're so big that
- 49:53Speaker 1: they actually don't. It's like Tesla, remember with the ev credits,
- 49:56Speaker 1: they didn't want them anymore because they're so big that
- 49:58Speaker 1: they don't want driving industry. So in the beginning, sure
- 50:01Speaker 1: they were happy to take them. But I also was
- 50:03Speaker 1: just thinking about this too, whenever we talk about taxes
- 50:06Speaker 1: and you know, all this, like I'm on pro America
- 50:08Speaker 1: and more recently, one of the reasons why a lot
- 50:10Speaker 1: of these billionaires have taken an explicit, even more libertarian
- 50:14Speaker 1: turn is because what they want more than anything is
- 50:18Speaker 1: to replace their entire workforce with humanoid robots and with AI.
- 50:22Speaker 1: That's it. That's literally the entire project, because it will
- 50:26Speaker 1: massively enrich them and they will ze they don't Yeah,
- 50:29Speaker 1: that's what unions are a huge problem for them. But
- 50:31Speaker 1: beyond even humans, human beings are a huge problem for Amazon,
- 50:35Speaker 1: like for real, like they do not want guys in
- 50:37Speaker 1: blue vests driving all across America. They want drones. And yeah,
- 50:41Speaker 1: they either want drones or robots. And then in the factory,
- 50:44Speaker 1: humanoid pickers are you know, based, are very inefficient because
- 50:47Speaker 1: they have to go to the bathroom once in a while,
- 50:50Speaker 1: and so they want all of it to be automated
- 50:53Speaker 1: as much as humanly possible. They don't even like hide
- 50:56Speaker 1: this stuff. They say it out loud. They celebrate firing
- 50:59Speaker 1: people like they don't want more humans to actually work
- 51:02Speaker 1: for them, and they want all of that wealth to
- 51:04Speaker 1: accumulate into their pocket. That's why it's not an accident
- 51:07Speaker 1: that he's sitting there in a space factory, because for them,
- 51:10Speaker 1: the Earth is a plaything in and of itself. Going
- 51:13Speaker 1: up to space with Katie Perry is like, you know,
- 51:16Speaker 1: it's like the the top achievement of their life. It's
- 51:20Speaker 1: no longer about what actually happens down here.
- 51:23Speaker 4: And according to more Perfect Union, over the years, Amazon
- 51:25Speaker 4: has received about fifteen billion dollars in government subsidies.
- 51:29Speaker 3: So maybe the deal for Besis could be this.
- 51:31Speaker 4: Okay, you become a multi deca or centa billionaire. At
- 51:38Speaker 4: that point, you got to pay back the billions that
- 51:40Speaker 4: you got in subsidies. You're worth two hundred and twenty
- 51:43Speaker 4: five billion. You got fifteen billion in subsidies to help
- 51:47Speaker 4: you get to becoming worth more than two hundred billion.
- 51:50Speaker 4: Give us the fifteen billion back, right there you go,
- 51:53Speaker 4: and then we'll give it to teachers, and we'll see
- 51:55Speaker 4: if the teachers actually appreciate having more money or not.
- 51:59Speaker 4: He thinks they won't. I think they will.
- 52:01Speaker 1: Let's find out, right And yeah, I just want to
- 52:04Speaker 1: give a little shout out there to all my friends
- 52:06Speaker 1: in Florida who are still, you know, basically advocating for
- 52:10Speaker 1: this boomer tax break of no property tax. This is
- 52:13Speaker 1: who you're working for, Okay, So this is the reality
- 52:17Speaker 1: about what you're actually trying to give a break to
- 52:19Speaker 1: are people who are only using your state as a
- 52:22Speaker 1: tax address in South Beach and making it impossible for
- 52:26Speaker 1: any like any normal family or any of that who
- 52:29Speaker 1: would ever or even the young college spring breaker. I
- 52:32Speaker 1: hope your dad has five thousand bucks, because otherwise it's
- 52:35Speaker 1: not happening for right, now because of this, not that
- 52:38Speaker 1: they will care, because they'll be scammed by Ron DeSantis
- 52:41Speaker 1: into thinking it's somehow a good thing for them. It also,
- 52:45Speaker 1: let's pair this with this meta story. Put this up
- 52:47Speaker 1: here on the screen. Meta as I was talking about
- 52:50Speaker 1: human you know, human beings, very inconvenient for all of them.
- 52:53Speaker 1: Meta lays off eight thousand employees as AI casualties Mount
- 52:58Speaker 1: employees have signed petitions again it's being tracked by AI
- 53:01Speaker 1: and we're trying to figure out who had let them go.
- 53:03Speaker 1: On Wednesday, as the Silicon Valley tries True Giant tries
- 53:07Speaker 1: to transform into an AI first company, so they said
- 53:12Speaker 1: eight thousand of them, ten percent of the entire workforce
- 53:14Speaker 1: would be laid off on by May twentieth. As Meta
- 53:17Speaker 1: remade itself in the AI era, they learned that seven
- 53:21Speaker 1: thousand employees that we got to stay will be reassigned
- 53:24Speaker 1: ryan to new AI initiatives. And it seems that the
- 53:28Speaker 1: emails were automated and just kind of went out willy nilly,
- 53:32Speaker 1: and all of the others were sitting there trying to
- 53:34Speaker 1: like update their own their like internal software or whatever,
- 53:38Speaker 1: just to find out whether they've been canned or not.
- 53:40Speaker 4: And so this new internal AI team. They're saying it's
- 53:44Speaker 4: so crazy. Internally, they're calling it a draft getting so
- 53:49Speaker 4: you get drafted to it's not up to you to
- 53:53Speaker 4: go into this AI unit, which is, you know, in
- 53:59Speaker 4: charge of basically getting rid of all of the employees.
- 54:03Speaker 4: The dystopian deal that they're making with the people who
- 54:06Speaker 4: get drafted into this AI unit to execute all of
- 54:09Speaker 4: their colleagues is that they will not be laid off. Yes,
- 54:13Speaker 4: of course they doesn't mean permanently, but they won't be
- 54:17Speaker 4: the first to be laid off.
- 54:19Speaker 3: Meanwhile, Zuckerberg told his.
- 54:23Speaker 4: Employees that he's very lucky to have such high IQ
- 54:28Speaker 4: people there so that he can train his AI on
- 54:32Speaker 4: their brains before getting rid of them. Let's roll this
- 54:35Speaker 4: leaked to audio. I think it was more Perfect Union
- 54:37Speaker 4: that got this. Again, credit credit to those guys. They're
- 54:40Speaker 4: killing it. So let's listen to Zuckerberg talking to his
- 54:44Speaker 4: employees or soon to be former employees.
- 54:46Speaker 12: We're in a phase where basically the AI models learn
- 54:51Speaker 12: from having really from watching really smart people do things,
- 54:55Speaker 12: and if you're trying to get it to be able
- 54:56Speaker 12: to be able to do certain capabilities, having it be
- 55:00Speaker 12: able to observe really smart people doing those things is
- 55:04Speaker 12: very important. So there are a few examples of where
- 55:07Speaker 12: we're trying to do this across the company because one
- 55:11Speaker 12: basic insight and hypothesis that we have is that a
- 55:15Speaker 12: lot of data generation across the field is done by
- 55:18Speaker 12: these contract companies. And Alex knows a bunch about this
- 55:21Speaker 12: because you ran one before coming here. But in general,
- 55:25Speaker 12: the average intelligence of the people who are at this
- 55:28Speaker 12: company is significantly higher than the average set of people
- 55:32Speaker 12: that you can get to do tasks if you're working
- 55:34Speaker 12: through the contract through these contractors. So if we're trying
- 55:38Speaker 12: to teach the models coding, for example, then having people
- 55:42Speaker 12: internally build tools or solve tasks that help teach the
- 55:48Speaker 12: model how to code, we think is going to dramatically
- 55:51Speaker 12: increase our model's coding ability faster than what others in
- 55:54Speaker 12: the industry have the capability to do. Who don't have
- 55:57Speaker 12: thousands and thousands of extremely strong engineers at their coming.
- 56:01Speaker 4: All right, Meanwhile, there's an internal petition employees are circulating
- 56:04Speaker 4: against this.
- 56:05Speaker 1: What are you gonna do? This is who you work for? Now.
- 56:08Speaker 1: You know, I'm not saying I don't support any of that,
- 56:10Speaker 1: but like gods, this is what you're trying to like,
- 56:13Speaker 1: it's coming, he says it out loud. I'm gonna keep
- 56:16Speaker 1: my best employees so the AI can learn from them,
- 56:19Speaker 1: and then eventually, why do we even need you anymore?
- 56:23Speaker 1: So if you stay there, that's basically what you're working for.
- 56:25Speaker 1: I hope the interim dollars are worth it, genuinely, I do,
- 56:27Speaker 1: because you're not. You're gonna need the money because I
- 56:30Speaker 1: hope it continues to compound forever, because you're not gonna
- 56:33Speaker 1: have a job anymore.
- 56:33Speaker 4: But they said one person had been there for less
- 56:35Speaker 4: than a month that got laid off and then got
- 56:37Speaker 4: sixteen weeks of severn so at least all right, okay,
- 56:40Speaker 4: I mean.
- 56:40Speaker 3: It's not two weeks of work, yeah paid.
- 56:43Speaker 1: Anyway, two weeks of work to get laid off or
- 56:46Speaker 1: how long.
- 56:46Speaker 3: A sixteen weight I'm trying to do four months? Almost
- 56:48Speaker 3: four months?
- 56:49Speaker 1: Okay, not horrible, It's not horrible at all all. The problem, though,
- 56:52Speaker 1: is that every other type of job they were going
- 56:53Speaker 1: to get is also probably gonna be.
- 56:55Speaker 3: Laid off, and or that person is not doing well.
- 56:58Speaker 1: Learn to code, actually no crystals is learned to learn
- 57:02Speaker 1: to nurse, learn to nurse.
- 57:04Speaker 3: There you go there, you go.
- 57:15Speaker 7: Kah m hm