Latest / Yaron Brook Show / Tariffs, Tyranny & the Fed: Are We Sleepwalking Into Authoritarianism? | Yaron Brook Show

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Tariffs, Tyranny & the Fed: Are We Sleepwalking Into Authoritarianism? | Yaron Brook Show · Yaron Brook Show

0:15
Speaker 1: Though radical fundamental principles of freedom, rational self interest, and
0:22
Speaker 1: individual rights. This is the ran Brook Show. A right,
3:16
Speaker 1: can we here? Can you guys hear me in there?
3:18
Speaker 1: All right? Well, just to use this mic. It's not
3:20
Speaker 1: a great mic, but it'll have to do. Let me know, uh,
3:27
Speaker 1: let me know what you're saying. All right. Uh. I'm
3:32
Speaker 1: not sure why the setup that has worked every single
3:37
Speaker 1: time I've used it, every single time I've used it
3:42
Speaker 1: in the past. I'm not sure why it's suddenly not working.
3:47
Speaker 1: So the volume is good? All right? Uh? Okay, cool,
3:55
Speaker 1: all right, that took me out of it a little bit.
3:57
Speaker 1: Let's get back into Uh, let's get it back into
4:01
Speaker 1: the show. All welcome you on bookshow. I am here
4:05
Speaker 1: in Italy, actually in Florence today. It was in Naples
4:10
Speaker 1: for a week. Is the Is the picture straight? I
4:14
Speaker 1: don't know for some reason, yeah, I think it looks okay,
4:18
Speaker 1: all right, I'm trying to get this just right. I
4:24
Speaker 1: will studying monday, I will have a It looks crooked
4:28
Speaker 1: to me. It looks like the whole scene is kind
4:31
Speaker 1: of crooked. But anyway, next week, studying Monday, I will
4:38
Speaker 1: have an office set up a wired internet connection A
4:43
Speaker 1: and I will have tested out all the equipment right now,
4:47
Speaker 1: I'm in my ABNB doing this and it's, as you
4:52
Speaker 1: can tell, a little challenging to get it all set
4:56
Speaker 1: up and make sure it is it is working. For
5:00
Speaker 1: some reason, my MIC's are not working right and my
5:05
Speaker 1: and my camera looks off. It completely looks like it's crooked.
5:11
Speaker 1: But that could be just me, all right, not crooked
5:16
Speaker 1: you're saying. You're saying it looks good, all right, fine,
5:20
Speaker 1: so be it anyway? Will we have AC and demand?
5:26
Speaker 1: So the situation in AC in Florence is interesting. I
5:31
Speaker 1: don't know if this is true of all of Italy.
5:33
Speaker 1: I don't think it is. I think I think it's
5:35
Speaker 1: kind of a municipal thing. We will have electricity until
5:41
Speaker 1: about the middle of September. We'll have AC, sorry, we'll
5:45
Speaker 1: AC until about the middle of September. At some point
5:50
Speaker 1: AC gets turned off heat wave, no heat wave whatever,
5:55
Speaker 1: noisy after some point. And that is a municipal thing. Uh,
6:00
Speaker 1: in Florence. This is what makes uh, you know, Europe
6:05
Speaker 1: relative to the United States, Uh, significantly poor poor. It's
6:09
Speaker 1: it's things like that, right, I mean, who would even
6:13
Speaker 1: consider in a in an American city to turn off
6:16
Speaker 1: the ac or to turn off the heat and any
6:20
Speaker 1: any particular time. It's uh, it's completely nutty European in particular. Uh,
6:28
Speaker 1: Florence and and and look, Italy is not a cold climate,
6:31
Speaker 1: so I I you know, it's it is what it is. Anyway,
6:39
Speaker 1: Naples was interesting, Uh, an interesting city. It's a pretty
6:44
Speaker 1: rough city. It's it's a dirty city. It's filled with
6:49
Speaker 1: graffiti everywhere with graffiti. Uh. But it also was more
6:54
Speaker 1: pleasant than I expected it to be in many In
6:56
Speaker 1: many respects, Uh, I didn't really see Uh, I really
7:03
Speaker 1: didn't see a lot of I don't know. It felt safe,
7:09
Speaker 1: Most of places felt safe. There were a lot of
7:11
Speaker 1: people who didn't seem like there were a lot of
7:16
Speaker 1: tourists from outside of Italy, but there were a lot
7:17
Speaker 1: of Italians there and a lot of tourists, a lot
7:19
Speaker 1: of people walking around. Uh. And it was it was
7:30
Speaker 1: a pretty cool place. I don't know that I want
7:32
Speaker 1: to stay more than we stayed, which is four days. Uh.
7:35
Speaker 1: And I don't know that there's that much to see.
7:38
Speaker 1: We went out to one of the islands off the
7:40
Speaker 1: coast of Naples. We also went down the Malfy coast
7:44
Speaker 1: and Malfa coast is beautiful. It's it's one of the
7:47
Speaker 1: greatest grow trips. One of the greatest stretches of road
7:52
Speaker 1: anyway is uh Is. The uh is the trip down
7:57
Speaker 1: from Sorrento through a Malfi, the town of the city
8:02
Speaker 1: town of Malfia, and I guess down down the coast there.
8:04
Speaker 1: It's just gorgeous and highly recommended if you're in the area,
8:09
Speaker 1: take a few hours and do the drive. Ideally you
8:13
Speaker 1: take a whole day and do the drive so that
8:15
Speaker 1: you can do it solely, take lots of pictures and
8:18
Speaker 1: enjoy it. Naples also had I think many of you
8:24
Speaker 1: know from pass shows that I'm a big Caravaggio fan,
8:28
Speaker 1: and Naples has four Cara Vidios on display, I think
8:34
Speaker 1: three permanent display. One was in the museum, but it
8:38
Speaker 1: belongs to a private collector. And yeah, Caravaggio continues to amaze,
8:44
Speaker 1: and it's clear why he's considered one of the great
8:48
Speaker 1: painters of all time. He is truly, truly stunning. So
8:56
Speaker 1: the museum in Naples was really, really good. The Big
9:01
Speaker 1: Art Museum was really good. Didn't go this time to
9:04
Speaker 1: the Archaeological Museum, which I highly recommend. Been there before.
9:08
Speaker 1: It's got all the sculptures and pottery and things like
9:14
Speaker 1: that from Pompeii over there, so you get a lot
9:16
Speaker 1: of Roman sculpture and if you're into antiquities, if you're
9:20
Speaker 1: into Roman sculpture, there's a huge collection, one of the best,
9:24
Speaker 1: maybe the best in the world, but a huge collection there.
9:27
Speaker 1: Definitely with the trip. Just got to flaunch last night,
9:32
Speaker 1: really just walked around a little bit. Today. You haven't
9:34
Speaker 1: really seen the place yet, but you know, we'll combine.
9:40
Speaker 1: It's gonna be interesting trying to combine sight seeing at
9:44
Speaker 1: a very mellow pace because we're going to be here
9:46
Speaker 1: three and a half weeks and just living and working
9:50
Speaker 1: and doing these shows every night and figuring out when
9:53
Speaker 1: to eat and so, you know, juggling all the things
10:00
Speaker 1: that one needs to juggle when one is in a
10:02
Speaker 1: new city. It's going to be interesting to do here
10:05
Speaker 1: in Florence that it's a city really built for tourism,
10:11
Speaker 1: and we're going to be part living, part tourists here.
10:15
Speaker 1: I will have, as I said, we'll have an office.
10:17
Speaker 1: We'll be doing the show from an office. And now
10:20
Speaker 1: for my ABNB soon enough, all right, let's jump into
10:24
Speaker 1: the news. We've got a few stories to catch up.
10:27
Speaker 1: Not a lot has happened, not a huge amount has
10:29
Speaker 1: happened this week, but a few important things I have
10:34
Speaker 1: and it's important we catch up, and then we'll do
10:36
Speaker 1: a show tomorrow. Well, we do a show tomorrow on
10:40
Speaker 1: something more general. We'll see. I'll come up with the topic,
10:44
Speaker 1: either something more general or or you're on rusal or
10:51
Speaker 1: some something like that, not news related in other words,
10:54
Speaker 1: or not directly news related, maybe indirectly news related. We'll see.
10:59
Speaker 1: So that'll be tomorrow, so probably around the same time.
11:04
Speaker 1: I think this is probably going to be the time
11:05
Speaker 1: for shows moving into the future, either two pm or
11:09
Speaker 1: three pm East Coast time, except for Thursday and Friday
11:14
Speaker 1: this week. Thursday will be an hour later. It will
11:19
Speaker 1: be four pm, and then yeah, what do you call it?
11:28
Speaker 1: On Friday, might be even five or six pm. So
11:30
Speaker 1: we'll see. So definitely going to be shows later on
11:35
Speaker 1: Thursday and Friday. But generally I'm going to try to
11:38
Speaker 1: do shows at nine pm Eastern time. I think this
11:40
Speaker 1: is a good time. Maybe sorry, nine pm Florence time,
11:45
Speaker 1: which is three pm East Coast time. All right, let's
11:51
Speaker 1: jump in. So Supreme Court ruled and not the stream
11:56
Speaker 1: quote sorry scrap that the appellate courte the court, the
12:02
Speaker 1: Federal Court ruled by a vote of seven to four
12:08
Speaker 1: recently on the case on the case brought against the
12:12
Speaker 1: Trump administration claiming that the tariffs or not all the tariffs,
12:17
Speaker 1: but the taffs that are based on the I E
12:20
Speaker 1: e p A. His emergency declaration UH and the emergency
12:25
Speaker 1: the emergency that he declared that those tariffs are unconstitutional
12:30
Speaker 1: or in other words, that he is not authorized by
12:32
Speaker 1: law to unilaterally imposed tariffs. We've talked about this many times.
12:37
Speaker 1: We had Larry Salzman, who is part of the Pacific
12:41
Speaker 1: Legal Foundation, which also filed the lawsuit with regard to
12:44
Speaker 1: the I E e p A. UH. There's another lawsuit
12:48
Speaker 1: that's going to different appellate court also on this on
12:54
Speaker 1: this issue. UH. The the plaintiffs of one in the
13:00
Speaker 1: law courts. So this particular case that was decided on
13:03
Speaker 1: Friday was at the International Trade Court, and there was
13:09
Speaker 1: another one that was a federal district court, both won
13:12
Speaker 1: by those arguing that it's unconstitutional. This this has now
13:18
Speaker 1: been appealed by Trump. It's been appealed to the Federal Circuit.
13:21
Speaker 1: The Federal Circuit ruled seven to four that indeed the
13:25
Speaker 1: International Trade Court was right, and that Trump's use of
13:30
Speaker 1: his tariff power is unconstitutional, that he has no basis
13:34
Speaker 1: to use it. There's nothing in the law that gives
13:36
Speaker 1: him permission to use it. Indeed, the Constitution clearly places
13:41
Speaker 1: the responsibility for tariffs on Congress, and that the i
13:48
Speaker 1: ee PA, which allows the President to engage declare an
13:54
Speaker 1: economic emergency and engage in certain actions, none of the
13:59
Speaker 1: actions approved by that law constitute tariffs. So you know,
14:09
Speaker 1: if so, this is this is the That was the ruling.
14:14
Speaker 1: The Court did not order the Trumpet administration to basically
14:22
Speaker 1: eliminate all the taps immediately under the assumption that Trump
14:25
Speaker 1: will appeal this to Supreme Court. They have they are
14:29
Speaker 1: staying or they are permitting the tests to stay in
14:36
Speaker 1: place until the Supreme Court rules it and decides definitively. Now,
14:43
Speaker 1: we've always thought that this case had First of all,
14:47
Speaker 1: it had has a huge amount of merit. It's right
14:51
Speaker 1: on its face. But then the question is how well
14:54
Speaker 1: the Supreme Court rules rule. And I think Larry said
14:58
Speaker 1: it was a fifty to fifty and I was pretty
15:01
Speaker 1: optimistic that the court, the Supreme Court would have actually
15:04
Speaker 1: rule this unconstitutional. But I'm a little worried to have
15:08
Speaker 1: to say. I'm a little worried because the seven to
15:10
Speaker 1: four split in the Federal Circuit Court was basically split
15:16
Speaker 1: right split, basically basically split by partisan lians. So the
15:29
Speaker 1: seven judges that were pointed by democratic presidents voted this
15:37
Speaker 1: was unconstitutional. The four judges appointed by Republicans voted this
15:42
Speaker 1: was constitutional. Now that worries me because now it goes
15:46
Speaker 1: to the Supreme Court, where as we know, the Conservatives
15:49
Speaker 1: have a majority or Republican appointed judges are in a majority.
15:55
Speaker 1: Now the Supreme Court's being pretty independent, but it has
15:58
Speaker 1: given a lot of leeway to try. So I don't
16:03
Speaker 1: know how it's gonna role. I don't know how it's
16:05
Speaker 1: gonna rule. It's going to be it's going to be interesting.
16:11
Speaker 1: The you know, the judges in this case were pretty
16:14
Speaker 1: clear that, you know, because these tariffs are unbound both
16:23
Speaker 1: in scope, in amounts, and in duration. There's nothing in
16:27
Speaker 1: the law that permits this. I mean, if he had
16:29
Speaker 1: said these are temporary tariffs and they will phase, they
16:33
Speaker 1: probably would have let it go. But given that they
16:36
Speaker 1: are unbound and that there's no limit to how much
16:38
Speaker 1: you can do if reading from the court, it says
16:42
Speaker 1: these staffs apply to nearly all articles inputed into the
16:46
Speaker 1: United States, and in the case of reciprocal tariffs, apply
16:49
Speaker 1: to almost all countries. Impose high rates which are ever
16:54
Speaker 1: changing and exceed those set in the US US tariff system,
16:58
Speaker 1: and a lot limited in ration. And on that basis,
17:04
Speaker 1: and on the basis that the law does not permit
17:05
Speaker 1: anything like this, they ruled it on constitutional. Now, I
17:09
Speaker 1: don't know how this ream quote is going to rule
17:11
Speaker 1: on this. It's going to be It's it's very tricky
17:13
Speaker 1: for them. A Trump administration is you know, basically, uh
17:23
Speaker 1: basically placed its entire agenda on this. I mean Trump
17:28
Speaker 1: tweeted in hysteria that if if this rim court overturned
17:33
Speaker 1: his tariffs, it would basically be the end of the
17:35
Speaker 1: United States. The economy would tank, it would it would
17:38
Speaker 1: be a disaster. You know, if you look at Howard
17:44
Speaker 1: Lutnick said today quote such a ruling would threaten broader
17:48
Speaker 1: US to teach interest at home, and it broad likely
17:51
Speaker 1: lead to retaliation and unwinding of agreed upon deals. What
17:55
Speaker 1: would be the retaliation tarifs would go down, so the
17:59
Speaker 1: retaliation would be what anyway, unwinding of agreed upon deals
18:04
Speaker 1: by foreign trading partners and derail critical ongoing negotiations with
18:08
Speaker 1: foreign trading partners. It's also worth noting that there are
18:12
Speaker 1: no deals. There's just no deals. No deals are being
18:15
Speaker 1: cut any Japan's lead negotiator, we're supposed to come to
18:19
Speaker 1: the United States. Uh, and and basically has the latest
18:24
Speaker 1: trip because the US keeps changing the terms and keeps
18:29
Speaker 1: reneging of stuff, and it's back and forth, and so
18:33
Speaker 1: he's going to wait until some of these things are
18:35
Speaker 1: hashed out. There is no deal with Japan. There's just
18:37
Speaker 1: a unilateral declaration by the president of this is the
18:41
Speaker 1: TAFs and this is what's expected. But there is no
18:44
Speaker 1: there is no deal. Now I think, I think absolutely
18:51
Speaker 1: this is the right decision. As the Court wrote the court,
18:56
Speaker 1: congressional power to impose taxes such as tais is vest
19:00
Speaker 1: exclusively in the legislative branch by the Constitution. Taos are
19:04
Speaker 1: a core constitutional power. And uh, but again this is uh.
19:12
Speaker 1: Here's what Trump said. If these tariffs ever went away,
19:15
Speaker 1: ever notice, ever went away, if allowed it was an
19:22
Speaker 1: if it was a head, it's here. Uh. If these
19:25
Speaker 1: talks ever went away. It would be a total disaster
19:29
Speaker 1: for the country. If allowed to stand, this decision would
19:35
Speaker 1: literally destroy the United States of America. So no panic there,
19:40
Speaker 1: no hyperbolic no no, no, no panic, no attempt to
19:44
Speaker 1: rile everybody up. Literally the country would be destroyed if
19:48
Speaker 1: we just went back to the system that existed a
19:50
Speaker 1: month ago. And uh, anyway, this is going to Supreme Court.
20:00
Speaker 1: I'm pretty sure they'll take it. I'm pretty sure they'll
20:02
Speaker 1: take it. I have no idea how they're going to rule.
20:06
Speaker 1: I have no idea. You would think that somebody like
20:10
Speaker 1: Grossage is sensitive to a separation of powers, very sensitive.
20:15
Speaker 1: This is sole basis of being against all the regulations
20:19
Speaker 1: in the kind of biregulatory agencies. You think that somebody
20:25
Speaker 1: like Grostage would rule that this was unconstitutional. But given
20:32
Speaker 1: how much how much emphasis Trump is putting on these
20:37
Speaker 1: how much weight he's putting on them, is how much
20:42
Speaker 1: influences Trump can have on these judges in terms of
20:45
Speaker 1: how they will I don't know. I don't know, but
20:49
Speaker 1: it's going to land up being one of the most
20:54
Speaker 1: important decisions that Spring Court has ruled in, certainly since
20:57
Speaker 1: they overturned Row in Economic Freedom. One of the most important, well,
21:04
Speaker 1: in terms of the separation of powers, one of the
21:07
Speaker 1: most important, you know, in a very long time. If
21:13
Speaker 1: Trump can get away with this with these tariffs. First
21:17
Speaker 1: of all, it emboldened him to declare an emergency whenever
21:20
Speaker 1: he doesn't agree with Congress and just do whatever the hell,
21:23
Speaker 1: whatever the hell he wants, we are heading towards already
21:28
Speaker 1: in a number of different fronts. We're heading towards an
21:31
Speaker 1: imperial presidency. A president that doesn't care about Congress, and
21:35
Speaker 1: Congress in many respects is taking itself out the equation. Remember,
21:39
Speaker 1: Congress could pass a law tomorrow eliminating these tariffs, but
21:44
Speaker 1: it won't. So Congress has made itself irrelevant. And the
21:48
Speaker 1: only thing preventing Trump can just doing whatever the hell
21:52
Speaker 1: he wants, literally, whatever the hell he wants, are the courts.
21:59
Speaker 1: And it looks like many of the district courts and
22:02
Speaker 1: the appellate courts are willing to take a stand against Trump.
22:06
Speaker 1: We still haven't seen the Supreme Court really be willing
22:09
Speaker 1: to take a stand against Trump, and it'll be a
22:13
Speaker 1: real decisive factor in terms of in terms of the
22:18
Speaker 1: future of this country. Really, I mean not to be
22:21
Speaker 1: too dramatic about it. But you know, if this, if
22:26
Speaker 1: this presidency has already changed the balance of power between
22:29
Speaker 1: the President and Congress and the courts and everything else
22:32
Speaker 1: dramatically in favor of the president, it's already an executive
22:35
Speaker 1: that's more active than any executive probably ever. You know,
22:40
Speaker 1: if dr ultimately was rained in, this is probably more
22:43
Speaker 1: than if the are even. And so it's going to
22:48
Speaker 1: be it's going to be interesting to see if he
22:53
Speaker 1: can be reined in. And this doesn't just mean if
22:55
Speaker 1: Trump can be reined in, It really means it can
22:58
Speaker 1: the president be railed in as a president? Can the
23:01
Speaker 1: executive be railed in? Or are we destined to one
23:10
Speaker 1: despotic president after another doing whatever the hell they want
23:14
Speaker 1: basically right, using the power that they have and the
23:19
Speaker 1: power the Congress refuses to take back to impose their will.
23:24
Speaker 1: I mean, they're going to be a number of interesting
23:26
Speaker 1: court cases. We're going to get to one in a
23:28
Speaker 1: minute about the about the the federal Reserve. But you know,
23:37
Speaker 1: we've got, uh, we've got the takeover in d C
23:46
Speaker 1: which will probably pass muster. But then from what I understand, uh,
23:52
Speaker 1: they're real preparations for for using federal troops in chicag
24:01
Speaker 1: And then what right, what happens then what happens in
24:09
Speaker 1: terms of sorry, executive power, in terms of just deploying
24:17
Speaker 1: troops whenever they want to whatever places they want. So anyway,
24:28
Speaker 1: it's going to be interesting. It's going to be interesting.
24:34
Speaker 1: Trump has again historically taken over taken more power than
24:40
Speaker 1: any president before him that I can think of. Again,
24:43
Speaker 1: FDR is the only guy that comes to mind is
24:46
Speaker 1: trying to do something similar and not succeeding. Not succeeding
24:54
Speaker 1: up to a point, I mean, got a lot of
24:57
Speaker 1: stuff done that the courts. If he had not kind
25:01
Speaker 1: of he had not caused them to submit to his will,
25:08
Speaker 1: they would have blocked. So a lot of stuff happened
25:10
Speaker 1: under FDR that was that would have been blocked, and
25:14
Speaker 1: that expanded again executive poly dramatically, And we're still suffering
25:18
Speaker 1: from that. We're still suffering from the remnants of FDR.
25:21
Speaker 1: Now Trump is taking at the next level. How long
25:24
Speaker 1: will we suffer from that? And of course an unmanifestation
25:29
Speaker 1: of that is this whole question of fed independence. Federals
25:36
Speaker 1: of is structured to be part of the government but
25:40
Speaker 1: independent of in its decisions of the political class. The
25:48
Speaker 1: politicians in power the particular administration. It has been given
25:53
Speaker 1: by Congress to mandates, the mandates to keep prices stable
26:00
Speaker 1: and a mandate to secure full employment, keep unemployment low.
26:09
Speaker 1: And it has left its own discretion and how to
26:12
Speaker 1: do that and how to adjust the money supply its own. Now,
26:19
Speaker 1: the Federals has done way beyond what it has their
26:27
Speaker 1: supposedly the powers to do. Certainly during the financial crisis
26:30
Speaker 1: it went way way beyond that. But it has at
26:38
Speaker 1: least preserved the semblance of independence for most of its existence.
26:44
Speaker 1: Trump clearly wants to end that. He wants to bring
26:47
Speaker 1: the Federals of under the thumb, to bring it to
26:51
Speaker 1: be under the thumb of the president. He wants to
26:54
Speaker 1: bring it to appoint a position where the President dictate
27:02
Speaker 1: what the Federals should do, just like the President dictates,
27:07
Speaker 1: and you know how environmental regulations should be done, how
27:10
Speaker 1: energy regulation, and how bank regulations should be done. With
27:17
Speaker 1: the different federal agencies that are part of the executive branch.
27:21
Speaker 1: He wants the same authority over the FED. Now, why
27:26
Speaker 1: why is FED independent so important? It's important because it
27:33
Speaker 1: is very tempting for presidents. And you can imagine very
27:38
Speaker 1: tempting for this president to use the power of the
27:42
Speaker 1: FED to manipulate the economy for political purposes. Print money
27:48
Speaker 1: when it's convenient for the executive, for the for the
27:51
Speaker 1: for the power, for the political power, for the political
27:54
Speaker 1: party in power. Uh, you know, bring about a tightening
27:59
Speaker 1: of money when it's convenient for that, which is rare
28:03
Speaker 1: once you start inflation area, it's very rare for tightening
28:07
Speaker 1: to be convenient. When wonders if any president would have
28:11
Speaker 1: had the guts to do what Paul Volka did in
28:13
Speaker 1: nineteen eighties, drive interest rates into twenty percent and crush inflation,
28:18
Speaker 1: price inflation, reduce the money supply and bring about a
28:23
Speaker 1: complete crushing of the inflation in the United States price inflation,
28:26
Speaker 1: but at the same time send the United States into
28:29
Speaker 1: a deep recession in the early nineteen eighties. Would any
28:33
Speaker 1: politician have the audacity to do that? Now, you know,
28:42
Speaker 1: it's not that the FED is completely independent. Feds. Fed's
28:46
Speaker 1: listen to the presidents. They take into account what the
28:49
Speaker 1: president wants. They take into account kind of what the
28:54
Speaker 1: Treasury is telling them. But at the end of the day,
28:57
Speaker 1: it's their decision. Trump wants it to be his decision
29:02
Speaker 1: and to do that. He wants to reshape the governing board.
29:07
Speaker 1: The Federal Reserve has a governing board that makes decisions
29:11
Speaker 1: about monetary policy, and Trump wants to be able to
29:19
Speaker 1: appoint as many people to that board as possible to
29:22
Speaker 1: gain a majority, and then for them to vote according
29:25
Speaker 1: to what Trump wants them to do and to help
29:28
Speaker 1: with what Powell or whoever the chairman of the FED is.
29:33
Speaker 1: They just follow Trump to that end. He has talked
29:37
Speaker 1: often about replacing Powell himself, just getting rid of power,
29:42
Speaker 1: but he has been told, he's be told that he
29:45
Speaker 1: probably doesn't have the constitutional power to do that, that Congress,
29:51
Speaker 1: in the law did not has not allowed the presidents
29:56
Speaker 1: to do that, and the Supreme Court has commented on
30:01
Speaker 1: replacing board members and has said that is not within
30:06
Speaker 1: the purview of the president to do so. That's one
30:12
Speaker 1: reason Trump hasn't gotten rid of power, I think the
30:14
Speaker 1: more the bigger reason he hasn't gotten rid of power
30:17
Speaker 1: yet is because every time he mentions it, the stock
30:22
Speaker 1: market collapses. The stockmarket goes down, and there's nothing Trump
30:27
Speaker 1: hates more than the stock up market going down because
30:29
Speaker 1: there's something he does that's not good for a narcissist
30:34
Speaker 1: doesn't like that a narcissist is not consistent with a narcissist, right,
30:41
Speaker 1: So he's trying to work in the edgers and as
30:45
Speaker 1: part of that, this week he basically fired Federals of
30:52
Speaker 1: board member Lisa Cook, a FED governor, and you know,
31:02
Speaker 1: he just he fired her. Now, the claim is that
31:05
Speaker 1: she has broken the law that she in a mortgage
31:08
Speaker 1: application led in the application about whether this was a
31:14
Speaker 1: primary residence or not. Again, this saysn't been proved. This
31:18
Speaker 1: has just been alleged. It's in front of a court,
31:22
Speaker 1: I guess. But because of that, you know, Trump Trump
31:27
Speaker 1: basically fired her. I mean, let me just say, this
31:32
Speaker 1: is pretty rich, pretty rich from a guy who a
31:37
Speaker 1: court of law has found regularly lied on his mortgage
31:41
Speaker 1: applications with regard to the value of his assets, the
31:48
Speaker 1: value of the real estate he was getting a mortgage on.
31:54
Speaker 1: So it's really rich to get Trump. Well, again, a
31:57
Speaker 1: court of law found him guilty of inflating the values
32:02
Speaker 1: he was placing on his mortgage applications, using a mortgage
32:06
Speaker 1: application claim as reason to fire her. Now she has
32:10
Speaker 1: not found guilty. No, in America, at least until now,
32:18
Speaker 1: you are in a sentence, are proven guilty. She is
32:21
Speaker 1: not guilty of any crime yet. And as I said
32:27
Speaker 1: when Trump was accused of this, it's a pretty minor crime. Anyway,
32:33
Speaker 1: it's a pretty minor crime. Trump is using this in advance. Again,
32:40
Speaker 1: she hasn't been found guilty yet, it hasn't gone to
32:43
Speaker 1: court yet. We haven't heard her side yet. I know
32:47
Speaker 1: you guys have already tried her and pronounced the guilty
32:50
Speaker 1: and therefore legit to fire her. But none of that
32:54
Speaker 1: is valid anyway. Trump has fired her. She is now
33:00
Speaker 1: sued the Trump administration to maintain her job, claiming that
33:04
Speaker 1: Trump does not have authority to fire her, and she has.
33:09
Speaker 2: She has asked a federal a federal court, to a
33:18
Speaker 2: federal judge to keep her on as FED governor and
33:24
Speaker 2: suddenly to keep her on while she she contests us.
33:27
Speaker 2: So the question, the first question before the judge is going.
33:30
Speaker 1: To be will she have to vacate the seat while
33:34
Speaker 1: she because she's contesting it? Or will she be able to?
33:38
Speaker 1: Will she be able to? Will she be able to
33:42
Speaker 1: continue to hold the seat on the FED on the
33:45
Speaker 1: FED board, which would defeat what Trump is trying to do.
33:47
Speaker 1: Particularly she can drag this out for a long time,
33:50
Speaker 1: and given the courts, it's easy to drag these things out.
33:54
Speaker 1: Trump Trump was very good at that during his many
33:58
Speaker 1: court trivails, uh in the last few years. So it's
34:05
Speaker 1: gonna it's gonna see it's gonna be interesting to see
34:08
Speaker 1: how again the quotes rule hear List of the Justice
34:12
Speaker 1: Department argued the federal law generally affords Trump great deference
34:17
Speaker 1: to determine the circumstances that would allow him to oust
34:20
Speaker 1: the Fed governor for cause a term generally interested to
34:24
Speaker 1: meet professional neglect or wrongdoing. And the question here is,
34:28
Speaker 1: of course, has she done anything involving wrongdoing? Has anything
34:35
Speaker 1: been proven? And that is what it's gonna hinge. Is
34:38
Speaker 1: it enough that they are suspicious of it? Now? I
34:46
Speaker 1: think in this case they're probably gonna go with Trump.
34:49
Speaker 1: Trump will get another boarder. Pointee, he's already got one,
34:54
Speaker 1: uh you know, a board member designed recently, and he's
34:58
Speaker 1: nominated one of his crony for that position. And he'll
35:02
Speaker 1: nominate another of his coonies for this position. He'll have
35:06
Speaker 1: two seats on the Board of Governors, and he will
35:10
Speaker 1: slowly build up internal pressure on power to reduce to
35:16
Speaker 1: reduce interest rates. So and of course if that happens,
35:22
Speaker 1: if the considerations for reducing or increasing interest rates become
35:26
Speaker 1: now political and not economic, I'll bet you off in
35:32
Speaker 1: terms of things like inflation, and primarily inflation, because that
35:37
Speaker 1: would be the greater tendency. But it'll be interesting to
35:39
Speaker 1: see how interstate policy evolves if it's under the thumb
35:44
Speaker 1: of Trump. Trump asking the Federal Reserve to raise a
35:49
Speaker 1: lower interest rate, he has no power over them, according
35:54
Speaker 1: to law. But if he can control the Board of
35:57
Speaker 1: Governors and they just do what he tells them to
36:00
Speaker 1: do because they're in his pocket for whatever reason, then
36:04
Speaker 1: he will control interest rates in this country, among the
36:07
Speaker 1: many things that now Trump controls and continues to control.
36:11
Speaker 1: As we'll see, of course, how the courts will. The
36:16
Speaker 1: theme here really is that Trump is accumulating immense power
36:21
Speaker 1: the executive. He is making sure that the people around
36:26
Speaker 1: him are one hundred per loyalists. There is ongoing turnover
36:32
Speaker 1: within Trump administration that you're not hearing much about. Deputies
36:36
Speaker 1: are being fired regularly even though they've been in positions
36:38
Speaker 1: for very little time, because they've just been appointed to
36:42
Speaker 1: them because they pissed off the wrong person. And the
36:46
Speaker 1: loyalty test here is really, really, really strict, so that
36:51
Speaker 1: the people around Trump today are people that are loyal
36:55
Speaker 1: to him, to his agenda, to his ideas, to what
36:57
Speaker 1: he wants to achieve, to what he wants to done.
37:00
Speaker 1: And he has basically surrounded himself with people who will
37:09
Speaker 1: follow through on whatever he wants. He wants thirty seven
37:12
Speaker 1: people at the CIA basically fired. He gets it, even
37:18
Speaker 1: if one of them happens to be right now undercover
37:20
Speaker 1: and this endangered his life potentially. He wants it, and
37:27
Speaker 1: nobody asks the CIA or the director of the CIA.
37:30
Speaker 1: He just tells Tulsey, get it done, and Telsey sends
37:33
Speaker 1: out the notifications and then makes it public, including making
37:37
Speaker 1: naming the guy who is under cover his name public,
37:41
Speaker 1: and the CIA flips out. Trump doesn't care. Trump doesn't care.
37:50
Speaker 1: So if the job of the president is total control,
37:55
Speaker 1: if the job of the president is to become an authoritarian,
37:59
Speaker 1: if the job of the president is to basically, you know,
38:06
Speaker 1: to basically disregard the Constitution and take all powers onto himself,
38:10
Speaker 1: and then Trump is doing his job. But Trump is
38:14
Speaker 1: you know, exceeding his constitutional is constitutional rights certainly, under
38:19
Speaker 1: my interpretation of the Constitution. He's way exceeded them, but
38:22
Speaker 1: did so every president the last hundred years. But even
38:26
Speaker 1: by the interpretation I think of most courtes today, he
38:30
Speaker 1: is far exceeding his authority and he is destroying the
38:39
Speaker 1: ability of the US government I think to function objectively.
38:43
Speaker 1: And well, you know, the kind of people he is
38:47
Speaker 1: firing are not people who are being fired because they're
38:50
Speaker 1: not good at their jobs. They are people who are
38:53
Speaker 1: being fired because they disagree with Donald Trump, because they
38:56
Speaker 1: don't buy into his agenda, because they're not one hundred
39:00
Speaker 1: and accolds of this president, because they won't kiss his butt.
39:03
Speaker 1: That's the standard by which they are being fired. So
39:07
Speaker 1: you know, Trump is not This is not a case
39:11
Speaker 1: where he is replacing people who don't do their job
39:15
Speaker 1: with people who are better at their job. This says
39:17
Speaker 1: the case for example, the CDC director. You know, she
39:21
Speaker 1: was a Trump appointee, but she refused to do some
39:25
Speaker 1: of the wacky stuff that RFK wants her to do,
39:27
Speaker 1: so she was fired and replaced by somebody who will
39:30
Speaker 1: do whatever RFK tells him to do. That's the standard
39:38
Speaker 1: job of the president is a lot to do what
39:40
Speaker 1: he is elected to do. The job of the president
39:42
Speaker 1: is to work within the constitution to secure the rights
39:45
Speaker 1: of Americans. That is the job of the president. It
39:48
Speaker 1: is not to do what he promised to do. What
39:51
Speaker 1: he promised to do is beyond his means to do
39:56
Speaker 1: because he doesn't have the power to do it. The
39:58
Speaker 1: job of the president is the secure the freedom and
40:03
Speaker 1: liberty of Americans, to secure their rights. That's it. And
40:07
Speaker 1: he can make all the promises in the world. That's
40:10
Speaker 1: his job. And the thing that he cannot do that
40:15
Speaker 1: is impeachable. Indeed, I think these tariffs unimpeachable offense. And
40:21
Speaker 1: this president should have been impeachd last term. I mean
40:24
Speaker 1: completely fired, not just impeached by the House, but fired.
40:28
Speaker 1: And he already should have been impeached system. And it
40:32
Speaker 1: is a disgrace to Congress that they have not acted
40:35
Speaker 1: against Trump. All right, let's see, all right, Still reminder
40:50
Speaker 1: to ask questions. You get to shape the show. We'll
40:53
Speaker 1: get to questions a little bit, all right, It's just
40:58
Speaker 1: a feign policy. Some stuff happening around the world will
41:02
Speaker 1: cover quickly, and then I'll go to your questions. Jutis
41:08
Speaker 1: the Hutis continue to send missiles in the direction of
41:11
Speaker 1: Israel every few days is or finally responded, I think
41:18
Speaker 1: it was the day before yesterday, by bombing a government meeting,
41:25
Speaker 1: a meeting of heigh of government officials in Yemen. The
41:30
Speaker 1: attempt is always attempting to basically take out the entire
41:35
Speaker 1: leadership of of the hutisly early put it this way.
41:44
Speaker 1: Early intelligence suggested that they had got a lot of them,
41:50
Speaker 1: but they were overly optimistic. They had believed that they
41:52
Speaker 1: had killed the entire Huti cabinet, including the military leaders.
42:00
Speaker 1: We still don't know exactly how many people were killed
42:02
Speaker 1: and who exactly was killed, but it does seem but
42:06
Speaker 1: it is has been confirmed now that the Prime Minister
42:09
Speaker 1: of the Huties was killed and with him a number
42:14
Speaker 1: of other ministers. We don't know who exactly. One of
42:17
Speaker 1: the targets was, you know, the defense chief was the
42:25
Speaker 1: defense chief. We don't know if he was taken out.
42:28
Speaker 1: Also as part of the sorry that was the defense minister.
42:32
Speaker 1: Also part of one of the targets was the military
42:34
Speaker 1: chief of staff. He was probably not taken out, so
42:37
Speaker 1: he probably had not arrived in the meeting yet, as
42:40
Speaker 1: he was on route to the meeting and didn't arrive yet.
42:42
Speaker 1: So they still haven't taken him out, and he has
42:44
Speaker 1: of course threatened to retaliate. Israel continues to fight the
42:50
Speaker 1: Huties who continue to block the Red Sea and to
42:55
Speaker 1: prevent shipping from going or a lot of shipping from
42:57
Speaker 1: going through the Seruice Canal. The Americans continue to do
43:01
Speaker 1: nothing about this, even though arguably it is the American
43:06
Speaker 1: Navy that has taken on the responsibility of securing the
43:09
Speaker 1: sea lanes of the world. You know, Trump cut a
43:13
Speaker 1: deal with the Hooties and he is fulfilling his side
43:16
Speaker 1: of the deal, which is leaving them alone. The Israelis
43:20
Speaker 1: are trying to decapitate them as much as they can.
43:24
Speaker 1: And again there is there is evidence that it's been
43:34
Speaker 1: confirmed that the Prime Minister of the Hooties has been killed.
43:38
Speaker 1: All right, just also from Israel. Israel Is in operations
43:43
Speaker 1: over the last few days has recovered some of the
43:45
Speaker 1: bodies of killed hostages. It looks like just a few
43:53
Speaker 1: minutes ago they announced that they had recovered the body
43:59
Speaker 1: of be Done Stevie, who was uh it was an
44:04
Speaker 1: idea for reservist killed at some point in southern Gaza.
44:10
Speaker 1: Uh and and uh, you know they've also got who
44:16
Speaker 1: was the body was held sorry. Yes, So this is
44:23
Speaker 1: a body of a slain hostage. Not not sorry, not
44:25
Speaker 1: a reservice, a slain hostage who was recovered from Gaza
44:29
Speaker 1: and the joint Idea Shin Beta operation. This is after
44:32
Speaker 1: yes the day before yesterday they were covered another two bodies. Uh.
44:37
Speaker 1: Everybody they recover is one less you know, one less
44:47
Speaker 1: uh leverage, piece of leverage that the Hamas have over Israel.
44:53
Speaker 1: Israel uses the bodies of these fallen Israelis and these
44:59
Speaker 1: not fallen murdered Israelis to try to get as much
45:03
Speaker 1: out of Israel as possible in the negotiations. So the
45:06
Speaker 1: more of these they can get, the better, and it
45:09
Speaker 1: would be even better if, of course, if they could
45:11
Speaker 1: find them and rescue them alive. At the same time,
45:16
Speaker 1: the Palestinians gardens are being forced to evacuate parts of
45:21
Speaker 1: Gaza City, parts of northern Gaza as Israel prepares to
45:26
Speaker 1: go into those regions. They are demanding the evacuation of
45:29
Speaker 1: the Garzens into so called humanitarian zones tense cities, so
45:36
Speaker 1: as to free up kind of the built up areas
45:40
Speaker 1: so that Israel can operate in them freely and take
45:44
Speaker 1: them over. Relating to both the Hutis and hamasan Uran.
45:55
Speaker 1: Of course, Israel and the United States have polled to
46:00
Speaker 1: a large extent crippled the nuclear capabilities or the capability
46:05
Speaker 1: of Iran to build nuclear weapons. But it could restart
46:12
Speaker 1: those programs. It's not that hard to keep to restart.
46:21
Speaker 1: In the meantime. Iran, if you remember, after the attacks
46:24
Speaker 1: of the Israelis and the Americans withdrew from the International
46:29
Speaker 1: Monitoring Agreement over their nuclear facilities and over the nuclear program.
46:35
Speaker 1: And as a response to that, to their withdraw European
46:40
Speaker 1: countries today basically have moved to reimpose sanctions on Iran
46:49
Speaker 1: for the nuclear work. So as of today, the sanctions
46:53
Speaker 1: on Iran are basically US sanctions. US is the only
46:56
Speaker 1: country sanctioning Iran now because US is such a big deal.
47:00
Speaker 1: That is a big deal for Iran. But Iran has
47:03
Speaker 1: been allowed to a large extent to trade with the UK.
47:06
Speaker 1: In Germany and France, today, those three countries have moved
47:12
Speaker 1: to reimpose all the international sanctions on Iran that have
47:15
Speaker 1: bede lifted under the twenty fifteen nuclear deal. You know,
47:20
Speaker 1: this they believe is going to be harsh enough and
47:25
Speaker 1: difficult enough for the Uranians that they are likely to
47:30
Speaker 1: come back into the nuclear deal or to resume negotiations
47:37
Speaker 1: around a new deal with the Trumpet administration. So it'll
47:40
Speaker 1: be interesting they're trying to corner Iran. Iran is obviously
47:43
Speaker 1: in a very weak position, very weak position, and so
47:51
Speaker 1: within a thirty day period they just triggered the thirty
47:53
Speaker 1: day period, after which Iran would face all the international
47:59
Speaker 1: United Nations back economic, banking, weapons, trade sanctions that have
48:04
Speaker 1: pummeled at its economy in the past and would do
48:07
Speaker 1: so again. So that is on the Iranian front. And finally,
48:12
Speaker 1: you know, it continues to swoar rumors about why it
48:16
Speaker 1: is that the United States is deploying significant, significant navy resources,
48:25
Speaker 1: military resources to the Southern Caribbean, and there was the
48:30
Speaker 1: growing suspicion that the intent of the Trump administration is
48:36
Speaker 1: to engage with Venezuela, to engage with Venezuela militarily to
48:40
Speaker 1: take Modua out, which they will use the issue of
48:45
Speaker 1: drugs as an excuse. Madua, after all, is one of
48:48
Speaker 1: the great one of the largest drug exporters in the
48:52
Speaker 1: world and has deals with all the cartels. So there's
48:58
Speaker 1: a real build up of navy assets and marine assets
49:04
Speaker 1: on in the Southern Caribbean, not far from Venezuela. So
49:08
Speaker 1: a president who swore no no new wars, no military engagements,
49:14
Speaker 1: might be building up for a new war in of
49:17
Speaker 1: all places, Venezuela. Now I you know, I'm there as
49:21
Speaker 1: a thug. He's evil, he's bad, He's not a threat
49:24
Speaker 1: to the United States. He's not an enemy of the
49:26
Speaker 1: United States in that sense, and going to war with
49:29
Speaker 1: it makes no sense, you know, assassinate him, support the opposition,
49:36
Speaker 1: but actually putting American lives on the line to get
49:40
Speaker 1: rid of him. I mean, Venezuela should be happy, but
49:44
Speaker 1: I'm not sure what's in it for the United States.
49:55
Speaker 1: So yeah, we'll keep watching. Supposedly, there's a another navy
50:00
Speaker 1: asset in the Panama Canal right now, on the way
50:04
Speaker 1: to join the others off the Venezuela coast, and it's
50:09
Speaker 1: worth watching and seeing whether this president will launch us
50:12
Speaker 1: into a war with Venezuela. An attack on Venezuela. Again,
50:20
Speaker 1: good riddance if they can get rid of that dictata.
50:23
Speaker 1: This is not out of a sense of Venezuela have any writes.
50:31
Speaker 1: It's out of a sense of for what do we've
50:34
Speaker 1: put it placing the lives at the lives of American
50:37
Speaker 1: soldiers at risk. What's the purpose exactly? Maybe it's part
50:44
Speaker 1: of the drug war. That's how they'll pitch it. That's
50:47
Speaker 1: how they'll pitch it. All right, that is the news
50:56
Speaker 1: for Saturday, August thirtieth. As I said earlier, starting Monday,
51:01
Speaker 1: I will be in a nice office in a much
51:05
Speaker 1: more office like environment, much more comfortable environment, and we'll
51:10
Speaker 1: be back to doing daily regular shows. All right, Let's see,
51:16
Speaker 1: we got a few stickers. Jonathan, Thank you, Rafael. Are
51:21
Speaker 1: you back back back in Portugal after South Korea? Hopefully
51:26
Speaker 1: it was a good trip. Hey, Rafel, Thank you, Greg,
51:31
Speaker 1: Thank you, Katherine, Thank you Mary, Ellen, Thank you Ryan.
51:36
Speaker 1: These all stickers. We can still use a few more.
51:41
Speaker 1: Let's see, we're very close to our first hour goal.
51:44
Speaker 1: Thank you Greg, and I think that might have gotten it. Whips.
51:51
Speaker 1: There's Gail and there's another Jonathan. All right, okay, so
51:56
Speaker 1: thank you guys. Really really appreciate that you too can
51:59
Speaker 1: help Antonio. Thank you. You two can help support the
52:01
Speaker 1: show and get us closer to our fundraising goals by
52:06
Speaker 1: just clicking the dollar sign underneath there and doing this
52:10
Speaker 1: stay called asking a question. Questions are great, particularly twenty
52:13
Speaker 1: dollars or more questions get us dot goal. And also
52:16
Speaker 1: you get to shape the show because I talk about
52:19
Speaker 1: whatever you want me to talk about. You you get
52:21
Speaker 1: to dictate the topic by asking a question about it
52:26
Speaker 1: and let me answer. Add that, if you'd like to
52:30
Speaker 1: support the show on a monthly basis, you can do
52:34
Speaker 1: so at patreon dot com, Patreon dot com, or PayPal Patreon.
52:39
Speaker 1: I think it's a little easier to use patreon dot
52:42
Speaker 1: com and just put you on book show and you
52:46
Speaker 1: can you can support the show. You can support the
52:48
Speaker 1: show actively there that will be on a monthly basis,
52:53
Speaker 1: which gives me the show visibility into kind of income
52:58
Speaker 1: as as over time, which is incredibly useful. Thank you
53:01
Speaker 1: to you guys, all right, Antonio, thank you, HECTA, Thank
53:05
Speaker 1: you for the stickers. Really appreciated, all right, Michael Michael says.
53:12
Speaker 1: Jordan Peterson said, quote, you are not mature until someone
53:16
Speaker 1: else matters more than you unquote. Obviously, taking care of
53:21
Speaker 1: a child, or having taking care of a child, or
53:25
Speaker 1: having to take care of a sick loved one does
53:28
Speaker 1: mature you. But can this sentiment be framed in egoistic terms. Well,
53:34
Speaker 1: I'm not sure what sentiment you're talking about, but I
53:37
Speaker 1: don't think. I don't think it's it's true. I just
53:40
Speaker 1: don't understand. What do you mean by mature? What does
53:44
Speaker 1: mature in this context mean? Does a mean focused and
53:49
Speaker 1: serious about life? Does it mean yeah, I don't know.
53:58
Speaker 1: I don't know in this context what it means. Right,
54:00
Speaker 1: If mature means being rational, being thoughtful, being focused, being
54:09
Speaker 1: future oriented, I think. I think a big part of
54:11
Speaker 1: maturity is not being able to delay gratification. A big
54:19
Speaker 1: part of maturity is being able to delay gratification. That is,
54:23
Speaker 1: being able to look at the ice cream and say, no,
54:26
Speaker 1: I know it's going to taste great, but I'm not
54:27
Speaker 1: going to have any ice cream now because I'm trying
54:30
Speaker 1: to lose weight, because it's the sugar is not good
54:32
Speaker 1: for me. Because whatever the reason is, or you know,
54:36
Speaker 1: I'll have it. I'll have one a week or one
54:38
Speaker 1: a month or whatever, and I'll delay the gratification that
54:42
Speaker 1: I think is maturity, and that doesn't require taking care
54:46
Speaker 1: of somebody else. Now, it is true that if you're
54:52
Speaker 1: not mature, if you are not a long term thinking,
54:55
Speaker 1: if you can delay gratification. If you're not overly rational
54:59
Speaker 1: and and suddenly you have to take care of a child,
55:04
Speaker 1: that kind of forces your hand, at least in that
55:06
Speaker 1: particular realm. But we all know parents are not very
55:09
Speaker 1: mature and who do a lousy job as a consequence.
55:15
Speaker 1: So for Peterson, it's all about the other, and it's
55:21
Speaker 1: all about his definition of sacrifice. By the way, delayed gratification.
55:25
Speaker 1: According to Peterson, not even need ice cream because I
55:29
Speaker 1: don't want to get diabetes. In Jordan Peterson's vocabulary, that's
55:34
Speaker 1: a sacrifice. Now, that is a package deal and incredibly
55:39
Speaker 1: confusing and unhelpful. But that's how Jordan Peterson thinks about it.
55:44
Speaker 1: So he associates maturity with sacrifice. I don't. First of all,
55:49
Speaker 1: I know parents who are not mature and taking care
55:54
Speaker 1: of another human being. How about taking care of yourself?
55:57
Speaker 1: Maybe the real sign of maturity. The real sign of
56:01
Speaker 1: maturity is taking care of yourself. A real sign of
56:05
Speaker 1: maturity is having a coherent and consistent higher key of
56:09
Speaker 1: values of knowing what you want and what's important to
56:14
Speaker 1: you and what's more important to you and what's less
56:16
Speaker 1: important to you, and being oriented and fixated on that.
56:23
Speaker 1: That to me is maturity. So I think Jordan is wrong.
56:34
Speaker 1: I don't think anybody can convince him. I think he's
56:37
Speaker 1: beyond convincing, but partially just because of age, but partially
56:43
Speaker 1: because a lot of the cognitive structure that he's created
56:47
Speaker 1: is dependent on these bad definitions which he's not willing
56:50
Speaker 1: to consider. Peter TiO pushed him on the issue of sacrifice,
56:56
Speaker 1: and he wouldn't budget. And I don't think Peter TiO
56:59
Speaker 1: did a particularly good job up with the pushing on Peterson,
57:03
Speaker 1: but I just don't think he's gonna budge on this.
57:07
Speaker 1: But no, maturity is about learning to take care of yourself,
57:11
Speaker 1: learning to create a higher k of values, learning to
57:14
Speaker 1: think long term, learning to take into consideration you over time,
57:22
Speaker 1: not just you in the moment. All right, good question,
57:34
Speaker 1: Michael Metal Metal Life, Metal Life. Yeah. Can you talk
57:43
Speaker 1: about the formal training you received in Objectivism? You clearly
57:46
Speaker 1: have a strong understanding of the philosophy which undergodes you
57:49
Speaker 1: intellect your work. I mean formal training, I mean a
57:55
Speaker 1: lot of it. Is a lot of it up to
57:57
Speaker 1: a certain point. You're self taught. So I had Objectivism.
58:01
Speaker 1: I read at the Shrug for the first time in
58:04
Speaker 1: nineteen seventy seven seventy seven, and the first formal training
58:10
Speaker 1: had objectivism was in probably nineteen ninety four, so I'd
58:16
Speaker 1: already been studying objectivism on my own and with other
58:20
Speaker 1: people right in an informal setting for seventeen years. Then
58:27
Speaker 1: the formal part of her education was ninety four to
58:32
Speaker 1: ninety nine something like that, and that constituted a classes
58:36
Speaker 1: from Lennar Peakoff on basically on thinking on confusion, papers
58:47
Speaker 1: on you know, figuring out trying to analyze your own
58:55
Speaker 1: knowledge of objectivism and where you're confused and why you're
58:58
Speaker 1: confused and diagnosing that. Also on communication. Uh, we had
59:05
Speaker 1: a teaching seminar with with Lena Peakoff, and then what
59:10
Speaker 1: else formal education had a writing seminar with Peter Schwartz,
59:15
Speaker 1: and I took a multi year I can't shore how
59:17
Speaker 1: many years with with Harry Binswanger on Opah where we
59:24
Speaker 1: basically read the entire book very very very very slowly
59:29
Speaker 1: and uh and analyzed try to you know, he analyzed
59:32
Speaker 1: for us every point throughout. So yes, so you know
59:41
Speaker 1: we've uh, Lena Peakoff, Harry Binswanger, Peter Schwartz on my
59:46
Speaker 1: formal education But of course I've studied all of Lenapel's courses,
59:50
Speaker 1: taken a lot of the courses, taking them, some of
59:52
Speaker 1: them live, taking some of them by tape, you know,
59:56
Speaker 1: by by h after the fact audio. So I've studied those,
1:00:03
Speaker 1: I've studied in Man's essays. I'm trying to think of
1:00:07
Speaker 1: the other I mean, maybe there was some other courses
1:00:10
Speaker 1: that I took. And then the other thing is interacting
1:00:12
Speaker 1: with a lot of objectives, philosophers, interacting with with Uncle Gate,
1:00:18
Speaker 1: interacting with greggsel Mary and Jason Ryan's and Tera Smith
1:00:25
Speaker 1: and you know, Robert Mayhew and a lot of objectives
1:00:28
Speaker 1: and intellectuals. Have you been swearing of course on a
1:00:30
Speaker 1: regular basis. So the former part was those classes that
1:00:34
Speaker 1: I that I mentioned. Mary Allen says, why can't congressional
1:00:46
Speaker 1: Republicans see where we are heading headed with Trump? It
1:00:51
Speaker 1: would be self preservation to impeach him. Do they want tyranny?
1:00:56
Speaker 1: Trump is nothing without their support? Uh? What a bunch
1:01:00
Speaker 1: of cowards. Well, I think they think that they are
1:01:06
Speaker 1: nothing without his support. They believe, and I think there's
1:01:09
Speaker 1: a lot of truth to this, that their political support
1:01:12
Speaker 1: rests on the support of Trump, that without him they
1:01:16
Speaker 1: would lose elections, they would lose primaries, and they would
1:01:19
Speaker 1: lose elections. That they are in office in terms of
1:01:25
Speaker 1: what their constituency wants. They're in office basically to support Trump.
1:01:30
Speaker 1: That that's what the constituency wants. That's what the people want.
1:01:35
Speaker 1: And they're terrified of upsetting Trump, of Trump backing somebody
1:01:40
Speaker 1: who will run against them. They're terrified by the base.
1:01:45
Speaker 1: They're terrified by MAGA. Even if MEGA is not a
1:01:48
Speaker 1: majority of the Republican Party, MAGA is the active part
1:01:52
Speaker 1: of the Republican Party. MAGA is the part that gets
1:01:54
Speaker 1: out and comes to town halls, It's the part that
1:01:57
Speaker 1: goes to demonstrations, it's the part that gets out to vote.
1:02:03
Speaker 1: That's who they're terrified of. They're terrified of MAGA, and
1:02:07
Speaker 1: it's self preservation that is preventing them from standing up
1:02:12
Speaker 1: to Trump. And it's not clear what the American people want.
1:02:15
Speaker 1: I mean, his popularity is not high, but it's never
1:02:17
Speaker 1: been high, and he still won elections. And there is a.
1:02:22
Speaker 3: Core group of people out there, very passionate, incredibly active,
1:02:27
Speaker 3: very vocal, that is actively engaged and.
1:02:36
Speaker 1: Actively engaged in promoting Trump stuff. Whatever Trump wants. So
1:02:44
Speaker 1: they're cowards and they're not leaders. But the real problem
1:02:48
Speaker 1: lies with Republicans who elected Trump and who continues to
1:02:52
Speaker 1: support him PTO fanatic. From eighteen sixty eight until nineteen
1:03:03
Speaker 1: thirteen in the United States, ninety percent of all federal
1:03:07
Speaker 1: revenue came from taxas on liqua, be a, wine, and tobacco.
1:03:14
Speaker 1: I don't think that's true because I think during that
1:03:19
Speaker 1: period of time, a big chunk of revenue came from tariffs.
1:03:24
Speaker 1: So I think if you include tariffs, that's true. But
1:03:31
Speaker 1: I don't know. If I don't know if it's just liqup, beer, wine,
1:03:35
Speaker 1: and tobacco, I think it's also tariffs. But here's the thing.
1:03:41
Speaker 1: The government during that period was never more than three
1:03:43
Speaker 1: and a half percent of GDP. Now, if you shrink
1:03:47
Speaker 1: today's government to three and a half percent of GDP,
1:03:50
Speaker 1: then it's really easy to raise revenue. It's really easy
1:03:54
Speaker 1: to come up with schemes to get the government funded.
1:03:57
Speaker 1: Three and a half percent of GDP is really really small, right,
1:04:00
Speaker 1: It's what one's less than one sixth of what we
1:04:03
Speaker 1: spent today, right, So what we spent today is twenty
1:04:08
Speaker 1: three twenty four percent, So one seventh of what we
1:04:11
Speaker 1: spent today something like that, right, and you know, imagine
1:04:15
Speaker 1: shrinking the government today by seventy five percent. Then it's easy.
1:04:23
Speaker 1: You could. You could cutting up taxes quite a bit.
1:04:27
Speaker 1: You could certainly zero COPA taxes, You could reduce to
1:04:31
Speaker 1: payroll tax, you could do a lot of things. Right,
1:04:34
Speaker 1: you deliminate to pay all taxes. Comment spending by seventy
1:04:37
Speaker 1: five percent means you've eliminated so security and medicant. The
1:04:43
Speaker 1: problem today is not taxes. The problem today is spending.
1:04:51
Speaker 1: If you spend twenty four percent of GDP, it's difficult
1:04:56
Speaker 1: to raise that much money without out very high marginal
1:05:03
Speaker 1: income tax rates on the middle class because that's where
1:05:06
Speaker 1: most of the money is. And that's what they won't do.
1:05:11
Speaker 1: They won't raise the taxes. And that's why we keep
1:05:15
Speaker 1: money deficits, because we spend and then we don't raise
1:05:19
Speaker 1: the taxes to meet them. Taffs are not gonna help much.
1:05:25
Speaker 1: They're not gonna help at all. If you take ano
1:05:27
Speaker 1: account the extent to which they'll cause the economy to slow,
1:05:30
Speaker 1: they'll actually, you know, make things worse revenue wise. And
1:05:35
Speaker 1: you can tax liquor, beer, wine, and tobacco all day
1:05:38
Speaker 1: long and you're not gonna make enough money to make
1:05:44
Speaker 1: up for the funding to make up for the spending
1:05:49
Speaker 1: just can't happen. So the federal government can only get
1:06:01
Speaker 1: money in two ways. You can borrow it, or you
1:06:05
Speaker 1: can tax it. I assume you'll hear you're talking about taxes.
1:06:08
Speaker 1: It can borrow money as long as the markets are
1:06:10
Speaker 1: willing to lend it to them, and they can't print money.
1:06:15
Speaker 1: Only the Fed can print money, I mean, and the
1:06:19
Speaker 1: Fed does that by buying securities, by buying some of
1:06:25
Speaker 1: the debt from the government. So it's a tricky The
1:06:30
Speaker 1: whole thing is tricky. But this is all because you're
1:06:35
Speaker 1: spending yourself into oblivion. That's the problem in the United States.
1:06:38
Speaker 1: The spending into oblivion is the problem. Christ Us Congress,
1:06:44
Speaker 1: in my view, is largely to blame for bringing us
1:06:47
Speaker 1: closer to authoritarianism. It takes them for ages to pass
1:06:50
Speaker 1: crazy laws and all they do is talk. Trump gives
1:06:52
Speaker 1: the illusion of being proaction thoughts. Well, yeah, I think
1:06:57
Speaker 1: that's right, But Trump is the one that is grabbing
1:07:01
Speaker 1: the opportunity and making the most of it. So Congress
1:07:06
Speaker 1: has been pretty pathetic for a long long time. Trump
1:07:09
Speaker 1: is now taking full advantage of the pathetic nature of Congress,
1:07:14
Speaker 1: And so I would blame it on the people who
1:07:19
Speaker 1: voted for Trump knowing he was an authoritarian, and on
1:07:24
Speaker 1: Congress for not standing up to him. They should have
1:07:27
Speaker 1: fired him. They should have kicked him out last time,
1:07:35
Speaker 1: you know, twenty sixteen to twenty and they should been
1:07:39
Speaker 1: teaching him now. But in neither cases do they have
1:07:42
Speaker 1: the courage to do it. Or they could just pass laws,
1:07:47
Speaker 1: or you could pass laws that would overturn his agenda items.
1:07:53
Speaker 1: Congress could do that, and they could refuse to nominate
1:07:56
Speaker 1: people like to approve people like RFK and Pete Hegseeth.
1:08:02
Speaker 1: They could refuse to accept as nominations. But they're not.
1:08:07
Speaker 1: They passed them all, even RFK. So they've asked for
1:08:15
Speaker 1: you know, all of you voted for him, and then
1:08:18
Speaker 1: Congress for enabling him. Yeah, he is, no question, he is.
1:08:28
Speaker 1: Every day is an executive order. He is acting. I
1:08:32
Speaker 1: don't see how that's a virtue, but he's acting. Michael,
1:08:36
Speaker 1: has the Streame Court abdicated its responsibility of safeguarding of
1:08:39
Speaker 1: a public I mean, I don't know, not yet. It might,
1:08:45
Speaker 1: but it hasn't yet. It's still got opportunities to continue
1:08:48
Speaker 1: to safeguard the public. Of course, in many respects, it
1:08:53
Speaker 1: abandoned the constitution one hundred plus years ago. So in
1:08:57
Speaker 1: that sense, if you mean that, then yes, but I
1:08:59
Speaker 1: think it's still kept us in pretty good shape since then.
1:09:03
Speaker 1: And uh yes, I wouldn't say it's advocated, it's responsibility.
1:09:09
Speaker 1: Yet let's talk in a few years, Michael, is major
1:09:14
Speaker 1: crime down in blue cities because DA's are bumping fellon
1:09:17
Speaker 1: these down to misdemeanors. No, And again, the best evidence
1:09:22
Speaker 1: for this is the what I keep saying, and that
1:09:25
Speaker 1: is murder rates. Nobody is bumping murder down to misdemeanors,
1:09:31
Speaker 1: and murder is Murder rates in the United States are
1:09:34
Speaker 1: way down, way down from the spike in twenty twenty
1:09:38
Speaker 1: to twenty twenty two, and way down from the spikes
1:09:43
Speaker 1: back in the nineteen nineties. Murder rates are down. Murders
1:09:49
Speaker 1: you can count the bodies. It's not what das do.
1:09:52
Speaker 1: They're not fudging the numbers. These are real numbers that
1:09:56
Speaker 1: can be checked and verified, and are checked and verified.
1:10:00
Speaker 1: Newspapers do this. So murder is down across the board. Now,
1:10:05
Speaker 1: if murders down, it's likely because crimes usually are particularly
1:10:10
Speaker 1: violent crimes are correlated that the rest of the crimes
1:10:14
Speaker 1: are down as well. So I don't think it's an
1:10:25
Speaker 1: issue of das Michael. Is Trump successfully making the dictatorship
1:10:31
Speaker 1: more palatable to American public? Yes, yeah, I mean it's
1:10:34
Speaker 1: palatable to some people on this chat, right, It's palatable
1:10:39
Speaker 1: to people who think themselves objectivists. So you can just
1:10:42
Speaker 1: imagine that it's palatable to many people out there in
1:10:48
Speaker 1: the American public. And Trump is actively doing that, is
1:10:51
Speaker 1: actively preparing the ground making it fertile for them. I'm
1:10:56
Speaker 1: not in Japan. I am flawed. I'm in Florence, Italy,
1:11:00
Speaker 1: in an Airbnb. I will be in an office starting
1:11:04
Speaker 1: on Monday, so we'll have an office looking an office
1:11:07
Speaker 1: environment rather than this. Michael, if Blake showl is super
1:11:12
Speaker 1: successful with Boom, maybe could run for president in ten
1:11:15
Speaker 1: fifteen years. I think he would be He would do
1:11:18
Speaker 1: quite well. I hope you're right. I hope you're right.
1:11:22
Speaker 1: I have no idea how to assess his chances. It's
1:11:29
Speaker 1: particularly in a few years. It's hard to tell what
1:11:31
Speaker 1: the American political system will look like in a few years.
1:11:35
Speaker 1: Michael is Ai performing so well due to anything Trump
1:11:38
Speaker 1: is doing or is it purely coincidental and he's just
1:11:42
Speaker 1: riding the wave. Will Trump be bad for AI's development
1:11:46
Speaker 1: or do you regulate to help expand it? No, As
1:11:50
Speaker 1: has no relationship with Trump at this point. It's the
1:11:54
Speaker 1: breakthrough his wall down under Biden, but it had nothing
1:11:57
Speaker 1: to do with Biden. And the one good thing Trump
1:12:01
Speaker 1: is doing is he's not regulating it now. There are
1:12:06
Speaker 1: some who would argue that there are certain dangers imbedded
1:12:08
Speaker 1: in AI that should be regulated. The government does should have
1:12:12
Speaker 1: concerns about it, and I worry about that because there
1:12:15
Speaker 1: are things that the government has a responsibility to do
1:12:18
Speaker 1: with regard to AI, and I don't think the Trump
1:12:20
Speaker 1: administration is mature enough about that, mature enough to do
1:12:26
Speaker 1: what is necessary in terms of national security. Yeah, most
1:12:32
Speaker 1: of its national security issues. But the good part is
1:12:38
Speaker 1: that it's not going to regulate AI as much as
1:12:41
Speaker 1: the Biden administration would have, and in that sense, it
1:12:44
Speaker 1: would allow it to grow faster in the future. But
1:12:47
Speaker 1: the success has had so far has nothing to do
1:12:49
Speaker 1: with Trump. Ryan, can you do a show where you
1:12:57
Speaker 1: catch up on all the music and movie reviews all
1:13:00
Speaker 1: in one shot? Sometimes you have to eat it all
1:13:04
Speaker 1: in one bite. I probably won't do that, but I'm
1:13:08
Speaker 1: going to catch up. Maybe I'll start tomorrow, but I'm
1:13:11
Speaker 1: going to catch up over the next few weeks. On
1:13:14
Speaker 1: these There are a few that I really, really, really
1:13:19
Speaker 1: bad in terms of I haven't done in a long
1:13:22
Speaker 1: You know that they paid me a long, long time ago,
1:13:24
Speaker 1: and I owe them, so I will be doing whatever
1:13:28
Speaker 1: whatever I can to catch up in the weeks to come.
1:13:33
Speaker 1: Roland enjoy Florence, I envy you or jealous as you
1:13:38
Speaker 1: prefer to say, Yeah, jealous is better, Thank you Orland,
1:13:41
Speaker 1: I will Michael, the military being deployed to cities is
1:13:46
Speaker 1: not for any sort of law and order. It's getting
1:13:49
Speaker 1: citizens used to seeing them patrol in the streets as
1:13:52
Speaker 1: in any pre dictatorship. Yeah, sadly, I think that plays
1:13:57
Speaker 1: a big part of it, a big part of it.
1:14:02
Speaker 1: And it's flexing muscles. I mean, I mean a lot
1:14:06
Speaker 1: of this has to do with the fact and this
1:14:08
Speaker 1: is how Trump, I think thinks. Trump wanted to deploy
1:14:13
Speaker 1: the troops in twenty twenty during the COVID riots, during
1:14:18
Speaker 1: the the George Floyd Riots, and his second Day of
1:14:24
Speaker 1: Defense refused basically and everybody told him not to, and
1:14:29
Speaker 1: he feels really, really really bad about that. He wants
1:14:34
Speaker 1: those troops deployed. He wanted to deploy back then, and
1:14:37
Speaker 1: how come. And he's doing a lot of the things
1:14:39
Speaker 1: that he wanted to do back then and couldn't he's
1:14:43
Speaker 1: doing now like and this is part of it, and
1:14:49
Speaker 1: a lot of it is just flexing muscles. And so
1:14:53
Speaker 1: I don't think again, I don't think Trump is the
1:14:56
Speaker 1: authoritarian's going to take advantage of all this stuff. I
1:14:58
Speaker 1: think it's coming down the road. But he is setting
1:15:01
Speaker 1: in the stage, and I don't think he's doing it purposefully.
1:15:04
Speaker 1: I think he just thinks it's cool that he can
1:15:07
Speaker 1: send troops into cities and he can show those democrats
1:15:10
Speaker 1: and he could show all those people who hated it
1:15:12
Speaker 1: on him. He could show all those people didn't like him,
1:15:14
Speaker 1: all those people who voted against him, all those mayors
1:15:17
Speaker 1: who don't want to listen to him. He's gonna show
1:15:20
Speaker 1: them by putting a military personnel with guns and with
1:15:26
Speaker 1: you know, big guns on their streets. It's just a
1:15:31
Speaker 1: power play. It's a power play. Like with George Floyd,
1:15:39
Speaker 1: there was actual reason to deploy troops to places like Portland, Oregon.
1:15:46
Speaker 1: But today there's no reason to deploy troops. But he's
1:15:49
Speaker 1: doing it anyway because he wants to. Michael Funny, how
1:15:55
Speaker 1: you eat the rich never means the rich politicians, rich dictators,
1:15:58
Speaker 1: or rich lobbyists, only the actually earned their wealth. Yes,
1:16:02
Speaker 1: I mean that. And it's also not the rich actors
1:16:08
Speaker 1: and the rich basketball players. Right, Michael is the CEO
1:16:22
Speaker 1: of Intel a coward for partnering with Trump. Well, he's
1:16:27
Speaker 1: a coward, he's a cronyist, he's a he's a what
1:16:31
Speaker 1: do you call it, a an island boil. He's a CEO.
1:16:36
Speaker 1: And Intel sadly has a long history of this because Intel,
1:16:41
Speaker 1: even in the nineteen eighties, even in its heyday, saw
1:16:44
Speaker 1: government help when it faced when it faced competition from Japan.
1:16:48
Speaker 1: So Intel has been a cry baby to the government
1:16:52
Speaker 1: from the early nineteen eighties. It's terrible. So I don't
1:16:56
Speaker 1: know if it's just cowardice. I think it's also a
1:17:00
Speaker 1: certain attitude they have built into Intel, right, And I
1:17:09
Speaker 1: think Intel until we'll you know, it's going to do
1:17:13
Speaker 1: okay because down it gets government protection. But this is
1:17:16
Speaker 1: this is terrible long term for Intel. It's terrible long
1:17:19
Speaker 1: term for American business. It's it's really disgusting that he
1:17:23
Speaker 1: agreed to do this, But again, I wouldn't be surprised
1:17:26
Speaker 1: if he might have even suggested it. Again, Intel has
1:17:29
Speaker 1: been kind of hand with hand in hand with the
1:17:32
Speaker 1: government since the nineteen eighties, or at least trying to
1:17:37
Speaker 1: Michael breaking news. Trump vows to nationalized as many private
1:17:41
Speaker 1: companies as it takes to defeat socialism. That's a good one.
1:17:44
Speaker 1: I like that, And they did, say Lutwick and others
1:17:46
Speaker 1: said Intel, it's just the first one. They're going to
1:17:49
Speaker 1: take equity stakes in other companies as well, But that's good.
1:17:52
Speaker 1: I'd like that. Trump vows to nationalize as many private
1:17:54
Speaker 1: companies as it takes to defeat socialism. That's good. Michael
1:18:01
Speaker 1: thoughts on Kerol O'Leary. He is extremely optimistic about the
1:18:04
Speaker 1: US economy despite Trump. I don't know much about Kevin O'Leary,
1:18:08
Speaker 1: so I really have no comments on Kevin O'Leary. And yeah,
1:18:11
Speaker 1: I mean, there's plenty of reasons to be optimistic about
1:18:13
Speaker 1: the US economy in spite of Trump. There's us a
1:18:17
Speaker 1: reason to be cautious. Emil. I am delighted to see
1:18:25
Speaker 1: you again, doctor Brook excellent live stream so far. Hopefully
1:18:28
Speaker 1: the Wayward Trumpet company will see the fault of their ways. Yeah,
1:18:33
Speaker 1: that is not going to happen. Sadly. Maybe they'll be stopped,
1:18:36
Speaker 1: but they're not going to stop themselves. Michael, Doctor Mike
1:18:41
Speaker 1: Is Rachel often talks about how he absolutely loves Big
1:18:45
Speaker 1: Farma something. Hopefully you can discuss on his channel. That'd
1:18:50
Speaker 1: be great to get on his show. There'll be a
1:18:53
Speaker 1: whole new audience. Raphael says, I'm back in Lisbon, starting
1:18:57
Speaker 1: work on Monday. Really looking forward to continuing making some
1:18:59
Speaker 1: tech M and A deals and having you here again
1:19:02
Speaker 1: for great talks. Yeah, I'll send you the final dates
1:19:06
Speaker 1: soon and we'll start chat chatting about a program. Or
1:19:11
Speaker 1: Felloso goes on to say, I have your Equals unfairbook
1:19:14
Speaker 1: in Korean. Can't read it, but looking forward to getting
1:19:17
Speaker 1: your signature on it. Have a Korean friend here who's
1:19:22
Speaker 1: reading it and checking if the wording is consistent. That's good.
1:19:26
Speaker 1: It was translated by a local think tank in Soul,
1:19:29
Speaker 1: South Korea. All right, I like numbers. Were you and
1:19:32
Speaker 1: Lenin closest Lenin Peacock while he was writing dim God,
1:19:37
Speaker 1: I can't remember I mean, we were probably closest from
1:19:45
Speaker 1: early two thousands through when I left for Puerto Rico,
1:19:48
Speaker 1: so twenty seventeen, eighteen seventeen, so for about twenty five years,
1:19:54
Speaker 1: about fifteen years during that period. Leonard Leonard Peekoff not
1:20:04
Speaker 1: I don't know who misheard that, So that cover s
1:20:07
Speaker 1: the Purdy was writing them. Yes, yes, all right, all right, guys,
1:20:16
Speaker 1: that is it. Thank you. I appreciate the support, and
1:20:21
Speaker 1: I will probably be on tomorrow. Maybe i'll do some
1:20:25
Speaker 1: of those reviews that I owe you guys, some of
1:20:28
Speaker 1: them tomorrow, will see but we'll definitely do a show tomorrow,
1:20:32
Speaker 1: probably the same time as today, so three pm East
1:20:36
Speaker 1: Coast time, and will be the same background as today.
1:20:41
Speaker 1: Hopefully I'll figure out what's wrong with my MIC by
1:20:44
Speaker 1: then and so we'll have a more seamless show. But
1:20:50
Speaker 1: I will see you tomorrow, and then Monday we'll start
1:20:53
Speaker 1: a regular schedule from an office that I've rented here.
1:20:57
Speaker 1: Thanks guys, bye, everybody. S