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A New World Order – Greenland, EU, Russia, China, ME, The Dollar, & Trade | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: A lot of fundamental principles, ill fed self interest and
• 0:10
  Speaker 1: an individual Wise, this is the show.
• 0:20
  Speaker 2: All right, everybody, welcome to your one book show on
• 0:23
  Speaker 2: this Tuesday, January twentieth. Man, I mean, this year feels
• 0:29
  Speaker 2: like this month feels like it's already been a year.
• 0:32
  Speaker 2: So much has happened, uh in January, and none of
• 0:37
  Speaker 2: it good. I can't think of anything good that's happened
• 0:39
  Speaker 2: news wise. God, I need some good news. Somebody give
• 0:43
  Speaker 2: me some good news. Okay, anyway you might observe you
• 0:48
  Speaker 2: might have observed over the last few sures my frustration.
• 0:51
  Speaker 2: And yeah, it's it's it's getting bad. It's really bad
• 0:55
  Speaker 2: out there. And I always I warn you, I want
• 1:00
  Speaker 2: everybody about how bad Donald Trump would be. And I
• 1:05
  Speaker 2: expected expected the worst. And there were periods last year
• 1:11
  Speaker 2: where I said, Okay, well, maybe maybe it's not going
• 1:14
  Speaker 2: to be as bad, because you know, the periods where
• 1:17
  Speaker 2: he seemed to really support Israel and that was good.
• 1:19
  Speaker 2: And he seemed to back off from some of the
• 1:23
  Speaker 2: worst tariffs and that was good. I mean, it was
• 1:26
  Speaker 2: less bad, not good, but less bad, you know. And
• 1:30
  Speaker 2: and there were a few other things that the regulation
• 1:33
  Speaker 2: and energy and all the stuff all the other stuff.
• 1:37
  Speaker 2: He even at times seemed to back Ukraine and and
• 1:42
  Speaker 2: and kind of get mad at Putin and actually back Ukraine.
• 1:48
  Speaker 2: But no, at the end of the day, Trump was
• 1:51
  Speaker 2: going to be Trump on steroids, a seventy nine year
• 1:55
  Speaker 2: old who's losing his grip on reality if he ever
• 1:59
  Speaker 2: had anybody only losing his grip on reality. And he's
• 2:03
  Speaker 2: turned out to be a lot worse than I even expected.
• 2:07
  Speaker 2: And I expected him to be bad, as you know.
• 2:10
  Speaker 2: And I think we're seeing that just over the last
• 2:12
  Speaker 2: twenty four hours or the last forty eight hours or whatever.
• 2:16
  Speaker 2: We talked about some of it yesterday, but over the
• 2:19
  Speaker 2: last twenty five hours, it's just been it's just a
• 2:21
  Speaker 2: it's a it's a clown show, and it's it's very depressing.
• 2:26
  Speaker 2: And the bottom line of this is that the world
• 2:30
  Speaker 2: is going to be a changed place.
• 2:33
  Speaker 3: The one area where a president has.
• 2:39
  Speaker 2: Huge influence and huge impact, an impact that can last
• 2:42
  Speaker 2: well beyond his presidency, isn't foreign policy. From policy is
• 2:46
  Speaker 2: the domain of the president, the auto checks and balances.
• 2:50
  Speaker 2: Of course, he's not getting mini chicks and balances and
• 2:53
  Speaker 2: anything else he's doing either. But on palm policy, the
• 2:56
  Speaker 2: one there's very little Congress can do, and clearly this
• 3:01
  Speaker 2: Congress has made it very very very clear that they
• 3:06
  Speaker 2: won't do anything, although they are threatening. Republicans are threatening
• 3:10
  Speaker 2: to impeach him if he invades Greenland.
• 3:14
  Speaker 3: I'll believe it when I see it.
• 3:16
  Speaker 2: And now I have to say, given that I'm kind
• 3:19
  Speaker 2: of hoping for an invasion, I'm excited. Yes, take Greenland please,
• 3:24
  Speaker 2: it's a national security threat.
• 3:26
  Speaker 3: We have to have Greenland.
• 3:28
  Speaker 2: Trump go for it. If that'll get rid of Trump,
• 3:31
  Speaker 2: if that will actually cause Republicans to wake up and
• 3:34
  Speaker 2: go after him, I'm willing to sacrifice Greenland for the
• 3:38
  Speaker 2: sake of it. But he has completely lost it. He's
• 3:44
  Speaker 2: just at a press conference earlier today, completely rambling. He
• 3:48
  Speaker 2: always rambles, but rambled with no energy. Really looks like
• 3:54
  Speaker 2: he's losing it, and I think he already has.
• 3:57
  Speaker 3: He's just not there.
• 3:58
  Speaker 2: I do think that if it was any other presidents,
• 4:01
  Speaker 2: given all the different things that have happened over the
• 4:03
  Speaker 2: last few months, that somebody at least would be mentioning
• 4:08
  Speaker 2: the idea of impeachment or their twenty fifth Amendment something
• 4:13
  Speaker 2: to get him, get him out of there, you know.
• 4:18
  Speaker 2: So the big issue right now is Greenland, But of
• 4:20
  Speaker 2: course Greenland is not the main issue.
• 4:22
  Speaker 3: The main real issue is.
• 4:25
  Speaker 2: The future of kind of global affairs, the future of NATO,
• 4:31
  Speaker 2: the positioning of the United States, is global power, Russia, China,
• 4:36
  Speaker 2: and our relationship with Europe. And it really does seem,
• 4:40
  Speaker 2: it really does seem that we are at a dawn
• 4:44
  Speaker 2: of a new world order. Something fundamentally is broken, has
• 4:50
  Speaker 2: been broken by Trump, and everything is now, everything is
• 4:59
  Speaker 2: going to be different. I don't know that there's a
• 5:02
  Speaker 2: way back from what is broken, at least not an
• 5:05
  Speaker 2: easy way back.
• 5:06
  Speaker 3: And it's not.
• 5:07
  Speaker 2: Clear who would put it all together in the future,
• 5:10
  Speaker 2: who has that charisma, that ability to do anything like that.
• 5:17
  Speaker 2: Right now, Davos is going on, as you know, World
• 5:20
  Speaker 2: Economic Forum is going on. Trump is heading out there
• 5:25
  Speaker 2: in the next I guess in the next few hours.
• 5:28
  Speaker 3: He's giving a speech.
• 5:30
  Speaker 2: There tomorrow, which I'll cover here on the show once
• 5:34
  Speaker 2: it's over. It's going to be you know, I don't
• 5:40
  Speaker 2: know what he's going to say, but I find it
• 5:42
  Speaker 2: hard to believe that anything he's going to say, anything
• 5:46
  Speaker 2: positive or good, that's going to reassure anybody at about
• 5:51
  Speaker 2: the state of the world. If you will, I'm looking
• 5:55
  Speaker 2: for something.
• 6:02
  Speaker 3: Anyway earlier today.
• 6:05
  Speaker 2: Shockingly, Let's see if I can find this once. Then
• 6:08
  Speaker 2: I'm searching for something I thought i'd put aside. Where
• 6:12
  Speaker 2: it turns out I did not, So let me find it.
• 6:17
  Speaker 3: Earlier today.
• 6:20
  Speaker 2: Connie the Prime Minister of Canada, gave a talk in
• 6:29
  Speaker 2: at the at Davos, and it got rousing applause and
• 6:37
  Speaker 2: a standing ovation at the end. And basically it basically
• 6:41
  Speaker 2: declared the world as we know it in terms of
• 6:45
  Speaker 2: alliances over It basically declared that the international order as
• 6:52
  Speaker 2: we know it is finished, which is strange. He said.
• 7:01
  Speaker 2: For decades, countries like Canada prospered under what we called
• 7:04
  Speaker 2: the rules based international order. We joined its institutions, praised
• 7:10
  Speaker 2: its principles, and benefited from its predictability. We could pursue
• 7:15
  Speaker 2: values based foreign policies under its protection. We knew the
• 7:20
  Speaker 2: story of the international rules based order was partially false,
• 7:24
  Speaker 2: that the strongest would exempt themselves when convenient. The trade
• 7:28
  Speaker 2: rules were enforced asymmetrically, and the international law applied with
• 7:33
  Speaker 2: varying rigor depending on the identity of the accused or
• 7:38
  Speaker 2: the victim. The fiction was useful an American hegmany heegemony
• 7:44
  Speaker 2: in particular, helped provide public goods, open sea lanes, stable
• 7:48
  Speaker 2: financial system, collective security, and support for frameworks for resolving disputes.
• 7:56
  Speaker 2: So we placed the signs in the window, We participated
• 7:58
  Speaker 2: in the rituals, and largely avoided calling out the gaps
• 8:01
  Speaker 2: between rhetoric and reality. This bargain was no longer works
• 8:06
  Speaker 2: let me be direct, were in the midst of a rupture,
• 8:10
  Speaker 2: not a transition. Over the past two decades, a series
• 8:13
  Speaker 2: of crises in finance, health, energy, and geopolitics lay bare
• 8:17
  Speaker 2: the risks of extreme global integration. More recently, great powers
• 8:23
  Speaker 2: began using economic integration as weapons, tariffs as leverage, financial
• 8:29
  Speaker 2: infrastructure as corrosion, supply chains as vulnerabilities to be exploited.
• 8:35
  Speaker 2: You cannot live within the lie of mutual benefit through
• 8:38
  Speaker 2: integration when integration becomes the source of your subordination. The
• 8:44
  Speaker 2: multilateral institutions on which middle power relies middle power being
• 8:49
  Speaker 2: I guess Canada kind of the WTATO, the UN, the
• 8:52
  Speaker 2: COP the architecture of collective problem solving are greatly diminished.
• 8:57
  Speaker 2: As a result, many countries are drawing the same conclude
• 9:00
  Speaker 2: they must develop greaterst strategic autonomy in energy, food, critical minerals,
• 9:04
  Speaker 2: in finance and supply chains, this impulse is undistainable. A
• 9:09
  Speaker 2: country that cannot feed itself, fuel itself, or defend itself
• 9:13
  Speaker 2: has few options. When the rules no longer protect you,
• 9:17
  Speaker 2: you must protect yourself. But let's be clear, But let's
• 9:22
  Speaker 2: be clear eyed about where this leads. A world of
• 9:26
  Speaker 2: fortresses will be poorer, more fragile unless sustainable. Let's assume
• 9:33
  Speaker 2: he means sustainable in the way I would mean it,
• 9:35
  Speaker 2: not the way he means it.
• 9:37
  Speaker 3: And there is another truth.
• 9:39
  Speaker 2: If great powers abandoned even the pretense of rules and values,
• 9:43
  Speaker 2: and when he says great power, he means America pretend
• 9:48
  Speaker 2: even the pretense of rules and values for the unhindered
• 9:52
  Speaker 2: pursuit of their power and interests, the gains from transactionalism
• 9:58
  Speaker 2: become harder to replicate. Hegemones cannot continually monetize their relationships.
• 10:04
  Speaker 2: Allies will diversify to hedge against uncertainty by insurance, increase options.
• 10:10
  Speaker 2: This rebuild sovereignty, sovereignty which is once grounded in rules,
• 10:15
  Speaker 2: but which will be increasingly anchored in the ability to
• 10:18
  Speaker 2: withstand pressure.
• 10:21
  Speaker 3: So basically, since.
• 10:23
  Speaker 2: World War Two, the West and the West that include
• 10:29
  Speaker 2: all the free countries in the world basically relied on
• 10:33
  Speaker 2: a particularly understanding of the role of the United States.
• 10:38
  Speaker 2: They have benefited enormously from the pressure of the United
• 10:41
  Speaker 2: States put on the global on the globe economically to
• 10:46
  Speaker 2: reduce tariffs and increase trade. And of course once the
• 10:49
  Speaker 2: build on wall came down, joining that, you know kind
• 10:55
  Speaker 2: of agreement that benefit were the countries from behind, I
• 10:59
  Speaker 2: couldn't and all ultimately ultimately of course China as it
• 11:03
  Speaker 2: entered and entered into the and it entered into uh,
• 11:12
  Speaker 2: the global economy. So they benefit from the fact that
• 11:19
  Speaker 2: the United States stood as a symbol of capitalism. Call
• 11:23
  Speaker 2: it even though we know it's not real capitalism, but
• 11:26
  Speaker 2: you know, a mixed economy tilted towards capitalism, property rights,
• 11:30
  Speaker 2: respect for property rights, rule of law. Uh, you know, uh,
• 11:34
  Speaker 2: institutions that uh uh that have to.
• 11:41
  Speaker 3: That have to listen to voters.
• 11:44
  Speaker 2: Call it democracy, but not the pure majoritarian democracy, but
• 11:47
  Speaker 2: uh a kind of democracy that's limited. I mean, I
• 11:51
  Speaker 2: just stood for all those things. I mean stood for
• 11:55
  Speaker 2: free trade and and somewhat free markets and uh, and
• 11:58
  Speaker 2: it was willing to protect that with a navy that
• 12:01
  Speaker 2: protected the shipping lanes and opened those shipping lanes and
• 12:04
  Speaker 2: made sure that trade flowed. The United States also promoted
• 12:10
  Speaker 2: a globalized financial market. It enabled through the use of
• 12:15
  Speaker 2: the dollar under Betton Woods originally and then as a
• 12:18
  Speaker 2: FIA currency later on, and through the standardization of financial
• 12:23
  Speaker 2: institutions in financial technology. It facilitated the massive, unbelievable capital
• 12:30
  Speaker 2: flows that have occurred in the world over the last
• 12:34
  Speaker 2: fifty sixty years that have a benefited benefited emerging markets
• 12:39
  Speaker 2: that have benefited you know, every country in the world,
• 12:42
  Speaker 2: and if benefited American investors, you know, dramatically. The United
• 12:51
  Speaker 2: States was a you know, island of stability. It was
• 12:58
  Speaker 2: to some extent of the the you know, could be
• 13:01
  Speaker 2: relied upon if certain countries got completely out of whack.
• 13:06
  Speaker 2: It of course created a strategic deterrent to the Russians
• 13:11
  Speaker 2: and to the Chinese. And far from perfect, far far,
• 13:16
  Speaker 2: far far from perfect, this world order was fairly stable,
• 13:21
  Speaker 2: and it allowed Europe, and it allowed Southeast Asia to thrive.
• 13:26
  Speaker 2: And of course I know this, everybody denies this, but
• 13:30
  Speaker 2: it allowed the United States to thrive and succeed.
• 13:35
  Speaker 3: I mean, the benefits of trade have accrued.
• 13:39
  Speaker 2: To the United States in addition to its trading partners,
• 13:44
  Speaker 2: America has benefited enormously from the free trade that existed,
• 13:48
  Speaker 2: from the opening of the shipping lanes, from the from
• 13:51
  Speaker 2: the you know, dollar being the global currency, and from
• 13:55
  Speaker 2: the dynamic nature of global financial markets. And part of
• 14:04
  Speaker 2: this was that there was certain you know, you know
• 14:08
  Speaker 2: that the United States were presented that stability and that
• 14:12
  Speaker 2: perception of the rule of law.
• 14:14
  Speaker 3: You know, I think the UN.
• 14:16
  Speaker 2: Is an evil institution should be embolished a long time ago.
• 14:19
  Speaker 2: The World Trade Organization has ultimately worked pretty effectively to
• 14:24
  Speaker 2: reduce trade barriers, so it's actually served its function pretty well.
• 14:28
  Speaker 2: A lot of other international institutions that would love to
• 14:31
  Speaker 2: get rid of the World Bank and others, but you know,
• 14:38
  Speaker 2: the damage they're doing is somewhat contained. And to the
• 14:43
  Speaker 2: extent that to the extent that the World DODO was
• 14:48
  Speaker 2: not was not good enough, it's to that extent that
• 14:52
  Speaker 2: America exhibited weakness in the face of its enemies, particularly
• 14:55
  Speaker 2: since nine to eleven in the face of Islam, and
• 14:59
  Speaker 2: you know, since the invasion of Ukraine, in the face
• 15:01
  Speaker 2: of Russia. But what is happening right now is basically
• 15:08
  Speaker 2: a complete vie orientation of the world. It is becoming
• 15:12
  Speaker 2: clear that the United States will not protect the shipping lanes,
• 15:15
  Speaker 2: and indeed, the United States will not advocate for free trade.
• 15:17
  Speaker 2: It doesn't believe in it anymore. The United States is
• 15:24
  Speaker 2: using its economic.
• 15:25
  Speaker 3: Power not.
• 15:27
  Speaker 2: For globalization, for integration of the global economy, but quite
• 15:34
  Speaker 2: the opposite, for fragmentation of the global economy and for
• 15:38
  Speaker 2: the pursuit of its own interests. So the United States
• 15:48
  Speaker 2: is retreating from that position. It is retreating from its allies,
• 15:53
  Speaker 2: it is retreating from freedom, It is retreating for the
• 15:57
  Speaker 2: rule of law. It is a treating from stabils, and
• 16:02
  Speaker 2: it is moving towards a world in which it will
• 16:06
  Speaker 2: seek its call it narrow short term interests and not
• 16:13
  Speaker 2: care about the rest. And it will accept, it will
• 16:21
  Speaker 2: accept the dominance of Russia in its realm, and it
• 16:25
  Speaker 2: will accept the dominance of China in its room. I mean,
• 16:28
  Speaker 2: not all at once, but that is what the strategic document,
• 16:32
  Speaker 2: if you read it, this Trump administration basically says we'll
• 16:35
  Speaker 2: have the Western hemisphere, China can have Asia, and Russia
• 16:38
  Speaker 2: can have whatever it can grab.
• 16:41
  Speaker 3: And this is a Trump's attitude.
• 16:43
  Speaker 2: I mean, he has no interest in helping Ukraine, He
• 16:47
  Speaker 2: has no interest in helping the Europeans defend against Russia,
• 16:52
  Speaker 2: his interest to completely aligned with Lee putin alone.
• 16:55
  Speaker 3: Let him do what he wants to do.
• 17:02
  Speaker 2: And what you're going to what you're getting out of
• 17:04
  Speaker 2: this is it in bold in Russia and embold in
• 17:08
  Speaker 2: Russia that is cheering Trump on in his quote strategy,
• 17:13
  Speaker 2: and I think ultimately an embold in China, China that
• 17:16
  Speaker 2: we'll say, okay, okay, So you know, we might have
• 17:19
  Speaker 2: to give up some strategic assets in the Americas, but
• 17:24
  Speaker 2: ultimately we expect to get a green light from the
• 17:26
  Speaker 2: United States on Taiwan, and we're gonna assume that, and
• 17:30
  Speaker 2: we're gonna develop, We're gonna expand our influence on I
• 17:34
  Speaker 2: don't know, the Philippines, Indonesia, Malaysia, the rest of Asia.
• 17:39
  Speaker 2: We're even gonna maybe start talking to India, even though
• 17:44
  Speaker 2: we have some conflicts. But India is alienated from the
• 17:47
  Speaker 2: United States, so why not.
• 17:51
  Speaker 3: The United States.
• 17:53
  Speaker 2: Is is withdrawing from Europe, We're drawing from NATO, pissing
• 18:01
  Speaker 2: off the people who are closest to us culturally, closest
• 18:05
  Speaker 2: to us value wise, maybe not closest to Trump, but
• 18:09
  Speaker 2: closest to us as in America value wise rejecting them
• 18:15
  Speaker 2: on principle. I mean, if you read pretty much all
• 18:20
  Speaker 2: the documents that come out of the White House in
• 18:23
  Speaker 2: terms of FANN policy, the enemy is Europe.
• 18:25
  Speaker 3: The enemy is NATO.
• 18:27
  Speaker 2: I mean, Trump today tweeted, he retweeted something.
• 18:30
  Speaker 3: It was pretty amazing. He retweeted this statement.
• 18:33
  Speaker 2: Somebody had written that, come on, we need to get
• 18:36
  Speaker 2: a grip and realized that the real enemy of the
• 18:39
  Speaker 2: United States is not Russia and China. Those are just covers.
• 18:42
  Speaker 2: Those are just pretend they're not the real enemy of
• 18:44
  Speaker 2: the United States. The real enemy of the United States
• 18:47
  Speaker 2: is NEATO. In other words, it's Europe. Trump's obsession over Greenland,
• 18:58
  Speaker 2: which makes no sense strategically or other wise. It's just
• 19:02
  Speaker 2: that it is an emotionless five year olds obsession about
• 19:06
  Speaker 2: something they cannot get. People are telling them no, no, no,
• 19:10
  Speaker 2: don't touch that, and they're gonna touch it because people
• 19:13
  Speaker 2: have told them not to touch it. So he's and
• 19:22
  Speaker 2: he doesn't care, right, So this obsession with Greenland, over Greenland,
• 19:30
  Speaker 2: he doesn't care if it destroys the US relationship with Europe.
• 19:34
  Speaker 2: He doesn't care. I mean, he's writing high right now
• 19:37
  Speaker 2: from his bombing of Iran and the operation of Venezuela.
• 19:42
  Speaker 2: He's got the mightiest military force at the tip of
• 19:44
  Speaker 2: his fingers, and he is writing high. He doesn't care
• 19:47
  Speaker 2: about anybody. He's got the button. I mean, you're seeing uh,
• 20:03
  Speaker 2: regional powers now realign themselves away from the United States.
• 20:09
  Speaker 2: And it's been going on since Trump really came into power.
• 20:11
  Speaker 2: It came you know, it became president. We're seeing people
• 20:16
  Speaker 2: shift away from the United States, understanding that the United
• 20:19
  Speaker 2: States cannot be relied upon, that the United States is
• 20:24
  Speaker 2: interest don't lie in global integration, in in trade, in
• 20:29
  Speaker 2: in in peace. They rely and you know, grabbing whatever
• 20:35
  Speaker 2: they think they can get away with. That's That's Trump's view.
• 20:38
  Speaker 3: Just grab.
• 20:40
  Speaker 2: Venezuela and oil, Greenland, just just whatever, just take it. So,
• 20:49
  Speaker 2: for example, you've got this uh this uh uh, you know,
• 20:53
  Speaker 2: aggression in Syria. The United States is turning us back
• 20:57
  Speaker 2: on its ally, handing Syria to too key. By the way,
• 21:00
  Speaker 2: this is not the first time. In what was it
• 21:03
  Speaker 2: twenty nineteen, I think it was Erguan wanted to come
• 21:07
  Speaker 2: go into Syria and punish the CODs in Syria, the
• 21:10
  Speaker 2: CODs America's allies, and he was on the phone with
• 21:14
  Speaker 2: Trump was on the phone with other one and what's
• 21:17
  Speaker 2: his name, Bolton was on the other line, and other
• 21:22
  Speaker 2: one says, look, you know, i'd like you to just
• 21:24
  Speaker 2: back off, and we're going to come in and we're
• 21:27
  Speaker 2: going to take take northern Syria and and crush the CODs.
• 21:32
  Speaker 2: And Trump basically said, yeah, sure, what.
• 21:34
  Speaker 3: The hell, why not.
• 21:36
  Speaker 2: We don't want to get in the middle, so you know,
• 21:38
  Speaker 2: go ahead do it. He didn't do other one didn't
• 21:43
  Speaker 2: do his stuff with his job, as I think the
• 21:45
  Speaker 2: Syrian Army is trying to do right now. But again
• 21:48
  Speaker 2: America is retreating and basically demanding that the Codes surrender.
• 21:52
  Speaker 2: There was another after the previous seas fire. There was
• 21:55
  Speaker 2: announced the day before yesterday. It was basically cross and
• 22:00
  Speaker 2: fighting continued and the Syrian army kept advancing against the Kurds.
• 22:05
  Speaker 2: There's another agreement now that was signed in Damascus that basically,
• 22:10
  Speaker 2: again is a surrender deal where the goods surrendered to
• 22:13
  Speaker 2: the Serian army and ISIS gets a free hand in
• 22:18
  Speaker 2: uh in Syria. But think about the alliance that is
• 22:21
  Speaker 2: forming between Turki Saudi Arabia, Pakistan and Egypt and a
• 22:30
  Speaker 2: number of countries like Sudan in the in the Horn
• 22:34
  Speaker 2: of Africa, Sunni Muslim countries that are forming an alliance
• 22:41
  Speaker 2: that is that does not include, by the way, does
• 22:44
  Speaker 2: not include Abama Cord participants, and it is aligned against
• 22:51
  Speaker 2: many of them making interest in them at least because
• 22:57
  Speaker 2: they don't they're not interested in American interest anymore. They
• 23:01
  Speaker 2: don't consider the United States a reliable partner for anything,
• 23:05
  Speaker 2: and they it's a paper tiger that tends to stab
• 23:10
  Speaker 2: its allies in the back, so why should they take
• 23:11
  Speaker 2: it seriously? And indeed, the UAE, which is not part
• 23:17
  Speaker 2: of the Saudi alliance and this actually is in conflict
• 23:20
  Speaker 2: with the Saudis or by the way, that the Turki
• 23:23
  Speaker 2: Saudi has another member and that is Kuta Katau right,
• 23:29
  Speaker 2: And then if you add that, yeah, there's your Egypt
• 23:32
  Speaker 2: has a peace deal with Israel, which it has to
• 23:35
  Speaker 2: keep because it gets like three billion dollars in the
• 23:37
  Speaker 2: United States of the year because it keeps that peace deal.
• 23:40
  Speaker 2: Nobody talks about that in terms of fown aid, but
• 23:43
  Speaker 2: it gets three billion dollars a year. But who knows,
• 23:46
  Speaker 2: Maybe maybe the time is coming where the Saudis can
• 23:48
  Speaker 2: replace that and you can withdraw from.
• 23:52
  Speaker 3: Its peace deal with Israel it would like to.
• 23:56
  Speaker 2: And now the katawis a part of the deal, so
• 23:58
  Speaker 2: the Qataris have that incentive. And then you've got Uee,
• 24:08
  Speaker 2: which is a country there's not part of the Saudi
• 24:12
  Speaker 2: alliance and is part of the Abam Accords, is now
• 24:17
  Speaker 2: closing up to the Indians because it is worried about
• 24:20
  Speaker 2: the Pakistani alliance with Saudi Arabias. It needs something to
• 24:24
  Speaker 2: counter that since creating its own little alliance, and the
• 24:29
  Speaker 2: world is going to fragment into these alliances, which can
• 24:33
  Speaker 2: only lead to more conflict, and can only lead to
• 24:37
  Speaker 2: less trade, and can only lead to a less integrated world,
• 24:41
  Speaker 2: a less globalization, and as Connie says, poor, a poor world,
• 24:48
  Speaker 2: and a less peaceful world. Walls are going up, not
• 24:54
  Speaker 2: just on a Mexican border, but all across the world.
• 24:59
  Speaker 3: Walls of going to come up if NATO.
• 25:03
  Speaker 2: Is going to be dissolved, and you know, I'm a
• 25:06
  Speaker 2: big fan of ultimately dissolving NATO under the.
• 25:08
  Speaker 3: Right conditions, in the right terms.
• 25:11
  Speaker 2: But if NATO gets dissolved now, that creates a massive
• 25:15
  Speaker 2: incentive for Europe arm itself to the teeth, build its
• 25:19
  Speaker 2: own military and actually integrate even further than what it
• 25:24
  Speaker 2: has already been integrated. And of course that will create
• 25:31
  Speaker 2: conflicts within Europe because not all the countries want to integrate.
• 25:34
  Speaker 2: Not all the countries want the same thing. The rise
• 25:37
  Speaker 2: of the far right parties. Actually, you know, there's an
• 25:42
  Speaker 2: easy way to destroy the far right. I don't know
• 25:44
  Speaker 2: if you've noticed this. There's an easy way to destroy
• 25:47
  Speaker 2: conservatism in Europe, and that is for Trump to get involved.
• 25:55
  Speaker 2: Like you remember when the Conservatives were leading in all
• 25:58
  Speaker 2: the polls in Canada and then Trump went after Canada
• 26:03
  Speaker 2: and the left one. The same thing is happening right
• 26:10
  Speaker 2: now in Denmark. Denmark is facing an election soon. The
• 26:13
  Speaker 2: Conservatives were going to win that election. Trump is mad
• 26:20
  Speaker 2: at Denmark and now looking at the polls, the left
• 26:26
  Speaker 2: has suddenly been resurrected from dead and will probably win
• 26:30
  Speaker 2: the election. Thank you, Donald Trump. If you're on the
• 26:34
  Speaker 2: right in Europe should thank Donald Trump. He brings out,
• 26:39
  Speaker 2: he brings out the leftist voters, He encourages them, and
• 26:42
  Speaker 2: he shifts the political mapp away. If people associate Donald
• 26:47
  Speaker 2: Trump with conservatives, Donald Trump with the rights, they don't
• 26:49
  Speaker 2: want Donald Trump, so they vote the opposite. Last night,
• 26:58
  Speaker 2: last night, Uh you know Donald Trump posted a he
• 27:05
  Speaker 2: was on one of these tie rates. I guess at
• 27:07
  Speaker 2: two in the morning. He was up late at night. Yeah,
• 27:10
  Speaker 2: this is one fifty three am. On fifty three am,
• 27:13
  Speaker 2: and he decided to publish some texts that he received
• 27:17
  Speaker 2: from Europeans, Europeans who are sucking up to him in
• 27:22
  Speaker 2: advance of Dovos, to try to get him to rethink Greenland.
• 27:27
  Speaker 2: So this is a text he got from Mark Route,
• 27:31
  Speaker 2: the Secretary General of NATO. Mister President Dia, Donald, what
• 27:35
  Speaker 2: you accomplished in Syria today is incredible. This is the
• 27:38
  Speaker 2: sellout of the goods. What is saying incredible? This is
• 27:41
  Speaker 2: the Secretary General of NATO. Oh wow, what you did
• 27:45
  Speaker 2: in Syria, It's just wonderful. You stabbed our allies in
• 27:48
  Speaker 2: the back. Now, ISIS is going to re This is me,
• 27:51
  Speaker 2: not rot ISIS is not going to re establish itself
• 27:54
  Speaker 2: and bring terrorism back to Europe.
• 27:56
  Speaker 3: Yay, Donald Trump, good job, We love you Trump.
• 28:00
  Speaker 2: Sucking up, he continues, I will use my media engagements
• 28:04
  Speaker 2: in Davos to highlight your work there in Syria, in
• 28:08
  Speaker 2: Gaza and in Ukraine. Head scratcher, head scratcher, Oh stop
• 28:14
  Speaker 2: it scratching your head Ukraine, Ukraine? What is Trump done
• 28:18
  Speaker 2: in Ukraine made it more difficult to Ukraine to withstand
• 28:24
  Speaker 2: Russian aggression? You want to compliment him on that, yeah,
• 28:27
  Speaker 2: which was sucking up, so we can compliment him on anything.
• 28:31
  Speaker 2: And then he says, I'm committed to finding a way
• 28:33
  Speaker 2: forward in Greenland. Can't wait to see you yours Mark.
• 28:40
  Speaker 3: You want to throw up? These are these are these
• 28:42
  Speaker 3: are leaders? You want to throw up?
• 28:44
  Speaker 2: Here's I Macorn of France, my friend. We are totally
• 28:52
  Speaker 2: in line on Syria? Can I throw up again? And
• 28:57
  Speaker 2: when the next terrorist detects happened in Paris and ISIS
• 29:01
  Speaker 2: is involved, we didn't.
• 29:04
  Speaker 3: There's no connection, no idea how that happened.
• 29:08
  Speaker 2: What's there's no Syria, no no connection at all. And
• 29:12
  Speaker 2: if it turns out that the tells the tech has
• 29:15
  Speaker 2: committed about one of these ISIS who was in jail
• 29:17
  Speaker 2: and has now been released, Oh no.
• 29:20
  Speaker 3: They well don't go there.
• 29:23
  Speaker 2: Let's evade, let's evade anyway. We're totally inlino Syria. We
• 29:28
  Speaker 2: can do great things on Iran. Hmmm, I wonder what
• 29:32
  Speaker 2: McClane wants to do in Iran. I do not understand
• 29:36
  Speaker 2: what you're doing in Greenland. Let us try to build
• 29:40
  Speaker 2: great things.
• 29:41
  Speaker 3: One.
• 29:42
  Speaker 2: I can set up a G seven meeting after Davos
• 29:45
  Speaker 2: in Paris on Thursday afternoon. I can invite the Ukrainians,
• 29:48
  Speaker 2: the Danish, the Syrians, the Russians in the margins. Two,
• 29:55
  Speaker 2: let us have dinner together in Paris together on Thursday
• 29:58
  Speaker 2: before you go back to the United States.
• 30:00
  Speaker 3: Emonwel you guys ready to throw up? Yet?
• 30:12
  Speaker 2: Then Trump posts his own tweets this is a little earlier.
• 30:16
  Speaker 3: I guess this was one thirty eight am.
• 30:19
  Speaker 2: It says, shockingly, a brilliant NATO ally, the United Kingdom.
• 30:23
  Speaker 2: It's currently planning to give away the island of Diego Garcia,
• 30:26
  Speaker 2: the site of vital Us military base, to Mauritius, and
• 30:31
  Speaker 2: to do so for no reason whatsoever all caps. There
• 30:36
  Speaker 2: is no doubt that China and Russia have noticed this
• 30:38
  Speaker 2: act of total weakness. These are international powers who only
• 30:44
  Speaker 2: recognize strength, which is why the United States of America
• 30:47
  Speaker 2: and the might leadership is now, after only one year,
• 30:50
  Speaker 2: respected like never before. The UK giving away extremely important
• 30:55
  Speaker 2: land is an act of great stupidity. And there's another
• 30:57
  Speaker 2: in a very long line of national security reasons where
• 31:00
  Speaker 2: Greenland has to be acquired Denmark and it's European allies
• 31:07
  Speaker 2: have to do the right thing. Thank you for your
• 31:10
  Speaker 2: attention for this matter. Now let's talk about this Diego
• 31:15
  Speaker 2: ms Diego Guscia thing, This deal by which the United
• 31:22
  Speaker 2: Kingdom would transfer sovereignty over the Diego Garcia Islands, the
• 31:28
  Speaker 2: the the what are they called the Cargos, the the
• 31:33
  Speaker 2: Chagos Islands where the Diego Mascia base is located.
• 31:38
  Speaker 3: This has been.
• 31:39
  Speaker 2: Negotiated for over a year now. In March March April
• 31:45
  Speaker 2: of of this of last year, right of last year,
• 31:50
  Speaker 2: Donald Trump and and uh A Secretary Marco Rubio both
• 32:00
  Speaker 2: voted this and gave it a thumbs up, and we
• 32:03
  Speaker 2: all forward had no problem with it at all at all.
• 32:09
  Speaker 2: The British government went forward with this treaty under the
• 32:13
  Speaker 2: understanding the United States supports it.
• 32:15
  Speaker 3: Now the Chagos Islands islands that.
• 32:19
  Speaker 2: Are under the jurisdiction of the UK.
• 32:23
  Speaker 3: They built this massive Ethos.
• 32:26
  Speaker 2: Base on these islands and it basically leased it to
• 32:30
  Speaker 2: the United States. This is an incredibly strategic location. It
• 32:35
  Speaker 2: is in the Indian Ocean between the Middle East and
• 32:42
  Speaker 2: East Asia. B two s could fly from here to
• 32:46
  Speaker 2: Iran fairly easily, but they could also fly northeast to
• 32:51
  Speaker 2: China or anywhere else in South and East Asia.
• 32:56
  Speaker 3: So this is an incredibly strategic.
• 32:58
  Speaker 2: Location for the US Air Force to be to be stationed.
• 33:07
  Speaker 2: And indeed the United States has this massive base to
• 33:09
  Speaker 2: it that they lease from the UK. Now under the
• 33:13
  Speaker 2: terms by which the UK is transferring ownership of all
• 33:16
  Speaker 2: this to the Mauritians, they are leasing it back from
• 33:23
  Speaker 2: them for ninety nine years. So Visaly, the United States
• 33:28
  Speaker 2: and the military base there, nothing has changed, nothing, zero,
• 33:35
  Speaker 2: not that has changed. And this is why Bush and
• 33:42
  Speaker 2: Rubio last year we're completely supportive this. It doesn't really
• 33:46
  Speaker 2: change any make any difference one hundred years now, who
• 33:48
  Speaker 2: knows what our needs will be.
• 33:49
  Speaker 3: But right now we continue to lease it.
• 33:51
  Speaker 2: The UK leases it from Mauritius, the United States leases
• 33:55
  Speaker 2: it from the UK.
• 33:56
  Speaker 3: All is good. There is no problem here at all,
• 34:00
  Speaker 3: problem at all.
• 34:03
  Speaker 2: It's a complete reversal of the US position out of nowhere,
• 34:08
  Speaker 2: all basically to embarrass the UK because of the UK's
• 34:13
  Speaker 2: government's statements about Greenland. It's all about, you know, Trump's
• 34:20
  Speaker 2: heart feelings that when he said he wanted Greenland, Europe
• 34:25
  Speaker 2: didn't come and say when whenever you want. Yeah, red carpet,
• 34:30
  Speaker 2: whatever you want, Donald, it's yours. We'll give you everything. Indeed,
• 34:36
  Speaker 2: why don't we make Europe the fifty you know, I
• 34:39
  Speaker 2: don't know something state and finished with.
• 34:41
  Speaker 3: It, which would be a good deal for Europe.
• 34:45
  Speaker 2: But anyway, at one am, President Trump posted a photograph
• 34:55
  Speaker 2: of him, Marco Rubio, and JD. Vance standing on the
• 35:00
  Speaker 2: rocky terrain of Greenland planting a big US flag with
• 35:07
  Speaker 2: a sign next to it saying Greenland US territory from
• 35:13
  Speaker 2: twenty twenty six. This is a responsible adult behavior. This
• 35:21
  Speaker 2: is what you would expect from the president of the
• 35:25
  Speaker 2: mightiest military force out there. Europeans to continue to grovel.
• 35:32
  Speaker 2: I think what Connie said today was stop it. We
• 35:35
  Speaker 2: have to recognize who this guy is and just deal
• 35:38
  Speaker 2: with him straight up. I think other leaders in Europe
• 35:43
  Speaker 2: are coming to the same conclusion. We need to stop
• 35:45
  Speaker 2: playing this game. We need to stop sucking up to
• 35:48
  Speaker 2: him expecting something in return, and then back and forth
• 35:53
  Speaker 2: and back and forth, and back and forth and back
• 35:54
  Speaker 2: and forth.
• 36:00
  Speaker 3: Now there is one hope in terms of Trump.
• 36:08
  Speaker 2: By the way, I said today that he is in
• 36:12
  Speaker 2: spite of all the backlashes, one hundred percent committed to
• 36:14
  Speaker 2: taking Greenland. He is going to divorce to explain this
• 36:18
  Speaker 2: to the Europeans. He is not going to back down.
• 36:22
  Speaker 2: He is doubling up on everything. Indeed, he's going to
• 36:25
  Speaker 2: divorce to give his talk on European soil, which everybody
• 36:31
  Speaker 2: is saying is going to be a very aggressive talk,
• 36:34
  Speaker 2: very aggressive. Now there's one force in the world out
• 36:41
  Speaker 2: there that maybe has a chance to discipline Trump and
• 36:47
  Speaker 2: to get him to back off. It's done it before,
• 36:52
  Speaker 2: maybe maybe maybe it can do it again. And that
• 36:57
  Speaker 2: force is basically the market. In April second, twenty twenty five,
• 37:07
  Speaker 2: when you know, Trump launched his tariffs, right within two weeks,
• 37:17
  Speaker 2: SMP was down fifteen percent, the NASDK goes down twenty percent,
• 37:20
  Speaker 2: Bonn yields WALP eighty basis points, high yield spreads. You know,
• 37:24
  Speaker 2: the riskiness in the market ballooned, and the dollar started
• 37:29
  Speaker 2: a free fall. And then he slowly, he slowly backed
• 37:34
  Speaker 2: off and reduced the tariffs and they went from basically
• 37:37
  Speaker 2: in effective rates of thirty percent to today fourteen percent,
• 37:40
  Speaker 2: which is still bad, but you know, not as bad
• 37:43
  Speaker 2: as thirty percent. And they're falling further because he keeps
• 37:45
  Speaker 2: exempting goods from the tariffs. Now he's playing oddball on Greenland.
• 37:50
  Speaker 2: So today the NASDAK went down to a half percent.
• 37:55
  Speaker 2: Bonn yields went through the roof today the thirty year
• 38:00
  Speaker 2: yield when close to five percent, That ten year yield
• 38:05
  Speaker 2: went to four point three I think four point three percent. Now,
• 38:09
  Speaker 2: why why are interestates going up because of Greenland.
• 38:15
  Speaker 3: Works?
• 38:15
  Speaker 2: As basically people are you know, I mean there are
• 38:18
  Speaker 2: two causes right. One is people are dumping dollars and
• 38:24
  Speaker 2: dollar denominated assets, So the dollars down even though interestate's up.
• 38:29
  Speaker 2: Usually to the reverse, it just go up. The dollar
• 38:31
  Speaker 2: goes up. Because why when it's just go up, does
• 38:34
  Speaker 2: the dollar go up because you can hold dollars in
• 38:37
  Speaker 2: interest making accounts and get a higher return. But here
• 38:41
  Speaker 2: the dollar is going down because nobody wants to hold dollars,
• 38:44
  Speaker 2: and bonds are going and bond prices are going down,
• 38:48
  Speaker 2: which means interestates are going up because nobody wants to
• 38:50
  Speaker 2: own US bonds.
• 38:53
  Speaker 3: People are selling bonds.
• 38:56
  Speaker 2: American bonds, and the consequence of that is your thirty
• 39:01
  Speaker 2: year mortgage if you're trying to buy a house right now,
• 39:04
  Speaker 2: interest rate on those mortgage rates, those mortgage rates have
• 39:07
  Speaker 2: just gone up so much for making America more affordable.
• 39:15
  Speaker 3: So the botto markets basically.
• 39:18
  Speaker 2: Say, US fighting with Europe is an unmitigated frigging disaster.
• 39:25
  Speaker 2: You better stop this, Trump, This makes no sense the
• 39:28
  Speaker 2: new world order in which China and Russia have a
• 39:31
  Speaker 2: bigger place. By the way, you remember yesterday we talked
• 39:32
  Speaker 2: about the border piece. Well, it turns out that China
• 39:36
  Speaker 2: was invited to. China was invited to and so far
• 39:41
  Speaker 2: most of the European countries have said no, and we've
• 39:47
  Speaker 2: got some second rate countries and you know, saying yes,
• 39:51
  Speaker 2: it's it's so far it's completely insignificant with the free
• 39:57
  Speaker 2: world basically saying no to Trump. So all of this
• 40:04
  Speaker 2: is telling global markets this is not good. This is
• 40:08
  Speaker 2: not good financially, this is not good economically, this is
• 40:11
  Speaker 2: not good for investments. This you know, you know, the
• 40:17
  Speaker 2: markets didn't really respond when Trump one of the freeze
• 40:20
  Speaker 2: interestrates and credit cards, because the market was like, yeah,
• 40:23
  Speaker 2: that'll ever go through Congress. And the markets didn't respond
• 40:27
  Speaker 2: to him saying well, private equity will now be allowed
• 40:31
  Speaker 2: to buy homes because again that has to go through Congress.
• 40:34
  Speaker 2: And he's you know, there's nothing he's not going to
• 40:38
  Speaker 2: get it passed. But stuff he's doing about Greenland, and
• 40:42
  Speaker 2: stuff he's doing with Europe, the stuff he's doing with Ukraine,
• 40:44
  Speaker 2: and stuff he's doing in the Middle East, the positioning
• 40:48
  Speaker 2: of America visa via the world that he has control
• 40:51
  Speaker 2: of He doesn't any Congress. And the market is responding.
• 40:57
  Speaker 2: The marketer is responding by selling US denominated assets. And look,
• 41:06
  Speaker 2: the market's not imploding, We're not, you know, it's not
• 41:08
  Speaker 2: down twenty percent yet, but it's down. And if Trump
• 41:15
  Speaker 2: gives a fiery, combative, aggressive, hostile speech tomorrow, it.
• 41:20
  Speaker 3: Could be down again.
• 41:22
  Speaker 2: Now, there is one other reason the bond market is
• 41:24
  Speaker 2: behaving the way it is, and maybe even the stock market,
• 41:27
  Speaker 2: and that is that interestrates in Japan. Bonduo yields in
• 41:32
  Speaker 2: Japan have gone way up. The value of Japanese bonds
• 41:34
  Speaker 2: has gone way down h and which poses a real
• 41:39
  Speaker 2: risk the Japanese government interstates are going.
• 41:43
  Speaker 3: Up way higher than they would like.
• 41:46
  Speaker 2: Japanese Japanese Central I could buy bonds to try to
• 41:53
  Speaker 2: force the price up and the yields down, but doing
• 41:57
  Speaker 2: that would flood the market with yen, which we create
• 42:00
  Speaker 2: the potential for inflation, which would then reduce the value
• 42:04
  Speaker 2: of the end and global markets, which would not be
• 42:07
  Speaker 2: good for the would not be good.
• 42:09
  Speaker 3: For the Japanese either.
• 42:13
  Speaker 2: So there's a real problem right now in terms of
• 42:17
  Speaker 2: how are the Japanese is going to deal with inter
• 42:19
  Speaker 2: states going up as much as they are and the
• 42:22
  Speaker 2: source of that Wai. Part of the response that Japanese
• 42:26
  Speaker 2: might engage in right now is to sell their US
• 42:31
  Speaker 2: dollar denominated bonds and buy Japanese bonds instead. So you
• 42:37
  Speaker 2: could see Japanese pension plans selling US bonds and buying
• 42:41
  Speaker 2: Japanese bonds because the yields in Japanese bonds increasing. That
• 42:45
  Speaker 2: could be why US bonds are going down. People are
• 42:50
  Speaker 2: just selling them and moving money into the Japanese market.
• 42:53
  Speaker 2: Although that's not happening because Japanese bonds today went down.
• 42:56
  Speaker 2: More so they're selling American bonds. They're not buying Japanese bonds.
• 43:00
  Speaker 2: The question is what are they going to buy. European
• 43:05
  Speaker 2: countries are probably selling some of their US bonds. I mean,
• 43:09
  Speaker 2: the fact that yields are going up means somebody is
• 43:11
  Speaker 2: selling a lot of bonds, a lot of ten years,
• 43:15
  Speaker 2: a lot of thirty is who would that be? All
• 43:19
  Speaker 2: the international players out there in the world who have
• 43:23
  Speaker 2: been buying American bonds because the dollars being safe and
• 43:26
  Speaker 2: relatively stable, and the US seems sane, and the US
• 43:30
  Speaker 2: economy seems to be doing well. So if I'm gonna
• 43:34
  Speaker 2: park my money, if I'm gonna save, I'm gonna put
• 43:38
  Speaker 2: it into bonds. American bonds. They're the safest bonds in
• 43:42
  Speaker 2: the world. Well, are they with Donald Trump? Are they
• 43:47
  Speaker 2: with the potential breakup of NATO? Are they with alliances
• 43:51
  Speaker 2: falling apart?
• 43:51
  Speaker 3: Are they with.
• 43:53
  Speaker 2: Trade isolationist policies on the increase? Does that make sense
• 43:59
  Speaker 2: to own American asset? So?
• 44:00
  Speaker 3: Does this makes sense though in American bonds?
• 44:02
  Speaker 2: And a lot of people around the world are saying, Nope,
• 44:05
  Speaker 2: not anymore. We're selling American assets, selling American bonds. Now again,
• 44:09
  Speaker 2: we'll see how long this goes, how long it happens.
• 44:13
  Speaker 2: But of course, when they sell, interstates go up. Interstates
• 44:17
  Speaker 2: go up, the interest rate on the debt that the
• 44:20
  Speaker 2: government has to pay goes up. When that goes up,
• 44:24
  Speaker 2: the deficit increases. As the deficit increases, interstates go up
• 44:28
  Speaker 2: even more because people start doubting whether the American government
• 44:32
  Speaker 2: can actually pay off the debt, which means they sell
• 44:35
  Speaker 2: their bonds even more. And you see how you get
• 44:37
  Speaker 2: the spiral. We just can easily get our of control
• 44:40
  Speaker 2: and where the United States government is left with only
• 44:43
  Speaker 2: one option, and that is to inflate, to pump money
• 44:48
  Speaker 2: into the economy by buying those bonds, trying to lower
• 44:52
  Speaker 2: interest rates, which is what Trump would like, but that
• 44:55
  Speaker 2: will create inflation. So we're in this situation that could
• 45:04
  Speaker 2: easily easily result in real disaster, result in real collapse,
• 45:12
  Speaker 2: real economic crisis, a real financial real financial disaster.
• 45:19
  Speaker 3: Now I don't know if it's going to happen.
• 45:21
  Speaker 2: Peter Schiff, who usually calls these things, is called it
• 45:24
  Speaker 2: the dollars finished. You know, the stock market's finished toast.
• 45:29
  Speaker 2: The only thing to buy is gold and silver. And
• 45:32
  Speaker 2: of course gold and silver are going up through the roof,
• 45:34
  Speaker 2: through the roof, because if the dollar collapses, where do
• 45:38
  Speaker 2: you want to be. You don't want to be in
• 45:39
  Speaker 2: dollar denominated stocks, you don't want to be in dollar
• 45:42
  Speaker 2: denominated bonds.
• 45:43
  Speaker 3: Where do you want to be? Gold?
• 45:48
  Speaker 2: Silver, commodities, the commodity prices exploding, LINC. It's a shift
• 45:58
  Speaker 2: is successfully take the twenty of the last three crashes,
• 46:04
  Speaker 2: something like that.
• 46:10
  Speaker 3: I mean, I just don't don't see.
• 46:19
  Speaker 2: Anything good coming out of what's going on right now.
• 46:22
  Speaker 2: I mean, at best Trump just withdraws a little bit
• 46:26
  Speaker 2: and changes his tone and things calm down a little bit.
• 46:30
  Speaker 2: But even then, I think the reputation of the United States,
• 46:36
  Speaker 2: the reliability of the United States, it's shot. It's finished.
• 46:40
  Speaker 3: What's left, and the result of that is again it's.
• 46:48
  Speaker 2: The result of that is a new world ODA that
• 46:52
  Speaker 2: is not favorable to us as individual Americans. A new
• 46:56
  Speaker 2: world ODA that will make a cost of living higher,
• 47:00
  Speaker 2: that will make our wealth lower or at least decrease
• 47:04
  Speaker 2: the grate of growth in our wealth. A state of
• 47:07
  Speaker 2: the world that increases the power of China and Russia.
• 47:11
  Speaker 2: A state of the world that ultimately, I think will
• 47:15
  Speaker 2: facilitate Iran and other countries that are really bad guys
• 47:19
  Speaker 2: in the world.
• 47:20
  Speaker 3: To continue to survive.
• 47:22
  Speaker 2: We'll see. There's still a chance Trump will do something
• 47:24
  Speaker 2: about Iran, but we will see whether that happens. There
• 47:28
  Speaker 2: is I've seen a rumor that he kind of deal
• 47:31
  Speaker 2: with the Syrian government, that the Syria is going to
• 47:33
  Speaker 2: evade invade Iran, but you know, with Isis troops, I
• 47:38
  Speaker 2: find that ridiculous and hard to believe, all right, I
• 47:46
  Speaker 2: mean that is that is the grim news on this
• 47:52
  Speaker 2: January twentieth, twenty twenty six, twenty twenty six. We will
• 48:00
  Speaker 2: see where we go from here. It'll be interesting to
• 48:03
  Speaker 2: see a speech tomorrow. It'll be interesting to see what
• 48:06
  Speaker 2: the market does tomorrow. We know what it did today,
• 48:08
  Speaker 2: not very good. We'll see what it does tomorrow and
• 48:11
  Speaker 2: where it goes. But you know, we have got an unhinged,
• 48:22
  Speaker 2: unhinged individual running the American government, unhinged from reality, unhinged
• 48:29
  Speaker 2: from facts, unhinged from values, unhinged from America, from what
• 48:35
  Speaker 2: America represents and what America stands for.
• 48:38
  Speaker 3: We have a whim worshiping.
• 48:42
  Speaker 2: Child running in this country who has nobility to think
• 48:47
  Speaker 2: long term, has nobility to strategize, has nobility to stand
• 48:54
  Speaker 2: up to the real thugs in the world, the Chinese,
• 48:56
  Speaker 2: the Russians, the Iranians, the Syrians, Tramas, and who is
• 49:06
  Speaker 2: surrounded by people who facilitate that, who promote it, who
• 49:13
  Speaker 2: encouraged it. I mean, Bessett was at the World Economic
• 49:18
  Speaker 2: Forum and he's just you know, he's playing the cool guy, right,
• 49:25
  Speaker 2: the unemotional guy, and he spouts the most ludicrous, the
• 49:32
  Speaker 2: most obviously false statements I've ever seen, all in the
• 49:40
  Speaker 2: name of hold yours is be cool, be calm, calm down,
• 49:43
  Speaker 2: don't panic.
• 49:44
  Speaker 3: Everything's fine. Bassett, who's supposed to be the adult.
• 49:48
  Speaker 2: In the room, is basically making up stuff in or
• 49:55
  Speaker 2: that to somehow, you know, to somehow cover for his boss,
• 50:04
  Speaker 2: which is means roll all along. You think that Bessett
• 50:06
  Speaker 2: would have told him, you know, if you do this,
• 50:08
  Speaker 2: the markets are going to go down and you'll just
• 50:10
  Speaker 2: have to back out of it. Maybe don't do it.
• 50:12
  Speaker 2: But that's not how people around Trump function.
• 50:17
  Speaker 3: And I don't think.
• 50:18
  Speaker 2: Bessett has much of a say in Trump's policies. I'm
• 50:23
  Speaker 2: not sure anybody does. All they do is facilitate them.
• 50:26
  Speaker 2: All they do is encourage them. All they do is
• 50:29
  Speaker 2: give our thumbs up in the morning when they see
• 50:32
  Speaker 2: him after his tie rates overnight. So we have a
• 50:42
  Speaker 2: government that is run by yes, ma'am. Again, I told
• 50:46
  Speaker 2: you this before he selected. This is the kind of
• 50:48
  Speaker 2: government where you're going to get And this is exactly
• 50:51
  Speaker 2: the kind of government.
• 50:52
  Speaker 3: We actually have.
• 50:55
  Speaker 2: The only hope we have, very dim hope, but the
• 50:59
  Speaker 2: only hope we have is Congress Congress is the only
• 51:02
  Speaker 2: ones who can actually act. They can find ways to
• 51:07
  Speaker 2: cenie Trump. They can find ways to limit his power,
• 51:12
  Speaker 2: They can find ways to force him to withdraw. They
• 51:15
  Speaker 2: for example, could you know, basically vote on whether the
• 51:20
  Speaker 2: United States should take Greenland and it would be an overwhelming,
• 51:24
  Speaker 2: hopefully majority that says no, and you know, there would
• 51:28
  Speaker 2: be veto proof. And you know, let's hope Democrats win
• 51:33
  Speaker 2: the midterm elections and they impeach Trump and maybe some
• 51:37
  Speaker 2: Republicans have the balls to join them.
• 51:38
  Speaker 3: I doubt it. I doubt it. All right, let's see
• 51:51
  Speaker 3: what did I want to Yeah? Whatever? Mind you all that, Uh,
• 52:00
  Speaker 3: this show is supported by you.
• 52:02
  Speaker 2: It cannot cannot isn't possible without support financial support from you.
• 52:08
  Speaker 2: Not every algorithm says the more you flunctuate the showtime,
• 52:11
  Speaker 2: the less super chat revenue. That might be the case,
• 52:14
  Speaker 2: but there are times where I have to fluctuate the showtimes.
• 52:18
  Speaker 2: That's just the reality. So can't help it. I certainly
• 52:24
  Speaker 2: couldn't help it today. So the yes, the by the way,
• 52:33
  Speaker 2: in spite of that, and find out functuating the showtimes.
• 52:36
  Speaker 2: We've got a you know a large number of people
• 52:39
  Speaker 2: watching the show right now, and if the super chats
• 52:42
  Speaker 2: collorated with the number of people watching live, which it should,
• 52:46
  Speaker 2: then that would indeed not the case. Today would be
• 52:48
  Speaker 2: a great day for super chats, because we've got one
• 52:51
  Speaker 2: hundred and seventy people watching, and it was even higher
• 52:54
  Speaker 2: than that a little bit ago. Yeah, people are leaving
• 52:57
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• 53:13
  Speaker 2: want to say? Yes, support the show, ask questions, uh,
• 53:21
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• 53:37
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• 53:40
  Speaker 2: All right, what else did I want to say? Yeah,
• 53:47
  Speaker 2: we're way off even the first hour goal, and we
• 53:50
  Speaker 2: are six minutes short of that first hour, So please
• 53:53
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• 53:58
  Speaker 2: few minutes, the show is not going to go very
• 54:01
  Speaker 2: long today, given how many questions I have right now,
• 54:06
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• 54:08
  Speaker 2: sponsor of the show. They have a conference in Porto,
• 54:12
  Speaker 2: Portugal in April. You can apply for scholarship if you're
• 54:16
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• 54:19
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• 54:24
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• 54:27
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• 54:32
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• 54:38
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• 54:42
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• 54:50
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• 54:53
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• 54:53
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• 54:56
  Speaker 2: So uncle will be there and Nikos will be there
• 55:00
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• 55:03
  Speaker 2: Thank you Darlene, thank you, Alan, thank you Enrich and
• 55:08
  Speaker 2: who else did Jonathan?
• 55:11
  Speaker 3: Thank you Greg? And let's see who else? Who else?
• 55:16
  Speaker 3: Who else?
• 55:17
  Speaker 2: Yeah, thanks guys for all the for the stickers. You
• 55:20
  Speaker 2: two can do a stick a two dollars, three dollars,
• 55:22
  Speaker 2: four dollars, five dollars whatever. Everything helps everything adds up,
• 55:26
  Speaker 2: everything is appreciated. A few twenty fifty hundred dollars questions
• 55:29
  Speaker 2: would go a long way as well. Alex Epstein is
• 55:33
  Speaker 2: the number one to thirty on energy, on power, on electricity,
• 55:36
  Speaker 2: on fossil fuels, on environments and environmental policy, and of
• 55:42
  Speaker 2: course on on on climate change, and he writes a
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  Speaker 2: phenomenal blog.
• 55:48
  Speaker 3: You will learn a huge amount.
• 55:49
  Speaker 2: You will also become a much better communicator on these issues,
• 55:53
  Speaker 2: and you also find out a lot about what's going
• 55:55
  Speaker 2: on in Washington around the issues because Alex is also
• 55:58
  Speaker 2: involved in lobbying on behalf of energy freedom, lobbying for
• 56:03
  Speaker 2: freedom not for a special interest group, but for freedom
• 56:07
  Speaker 2: for the special interest group that cares about freedom, which.
• 56:11
  Speaker 3: Should be all of us.
• 56:13
  Speaker 2: So check him out Alex Epstein, dot substack dot com,
• 56:16
  Speaker 2: hand a shot, wealth dot com, slash ybs. If you
• 56:19
  Speaker 2: have a tax liability, a capital gains tax liability, they
• 56:24
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• 56:26
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• 56:29
  Speaker 2: who have a large capital gains tax liability, but you
• 56:32
  Speaker 2: didn't save a lot of money with their products. Check
• 56:34
  Speaker 2: them out. Check out the interview I did with Robert
• 56:37
  Speaker 2: which is in the playlists under sponsors. I think you'll
• 56:41
  Speaker 2: enjoy the interview anyway, but if you have in a
• 56:44
  Speaker 2: position where you have capital gains, check it out for sure.
• 56:47
  Speaker 2: And then Handershot Wealth dot com slash ybs Hendershot is
• 56:50
  Speaker 2: with two t's, and then finally Defenders of Capitalism dot
• 56:54
  Speaker 2: com Defenders of Capitalism dot com. Michael Williams who runs
• 57:00
  Speaker 2: the Defenders of Capitalism program, and it is a friend
• 57:06
  Speaker 2: and a colleague, so check check out the website, check
• 57:09
  Speaker 2: out the program. We need more, We need more defenders
• 57:12
  Speaker 2: of capitalism many many, many, many, many many more. All right,
• 57:22
  Speaker 2: let's jump in, and it's going to be a short
• 57:26
  Speaker 2: Q and A because you guys don't have a lot
• 57:28
  Speaker 2: of questions.
• 57:29
  Speaker 3: That's fine.
• 57:30
  Speaker 2: I have a heart stop in an hour, but this
• 57:32
  Speaker 2: doesn't look like it will take an hour. So if
• 57:34
  Speaker 2: you have more questions, bring them on. I will answer them,
• 57:38
  Speaker 2: and particularly if you have questions at the twenty dollars level,
• 57:41
  Speaker 2: because that'll at least start inching us towards the goal.
• 57:45
  Speaker 3: I'd hate not to reach.
• 57:46
  Speaker 2: Even the first hour goal in a two hour show, Michael,
• 57:51
  Speaker 2: even if the enlightenment doesn't get reinforced from the Ivy Tower.
• 57:55
  Speaker 2: Does it still have a life of its own, It
• 57:58
  Speaker 2: can self perpetuate. Yeah, it doesn't have to be literally
• 58:01
  Speaker 2: from the Ivy Tower. It has to be from intellectuals.
• 58:04
  Speaker 2: Those intellectuals can be outside the Ivy Tower, but it
• 58:07
  Speaker 2: has to be reinforced on the outside. It has a
• 58:10
  Speaker 2: life of its own, but that life of its own
• 58:12
  Speaker 2: cannot survive. It's like sense of life. It's at the
• 58:15
  Speaker 2: level of emotion at this point. It's not that the
• 58:19
  Speaker 2: level of intellectual conceptual ideas, and therefore could be easily overturned,
• 58:25
  Speaker 2: easily challenged, and it's likely not to survive as a consequence,
• 58:32
  Speaker 2: to be eroded as a consequence. So you could say
• 58:36
  Speaker 2: that the American people's love of technology and science is
• 58:41
  Speaker 2: part of their Enlightenment endowment, but that is eroding. The
• 58:46
  Speaker 2: fact is that many Americans have turned against science since COVID,
• 58:50
  Speaker 2: and many Americans right now and then we're left and
• 58:52
  Speaker 2: on the right, are turning against technology see Attitudes towards AI.
• 58:58
  Speaker 2: So even that one area now, a area which enlightenment
• 59:01
  Speaker 2: was still progress and technology is good good for mankind,
• 59:05
  Speaker 2: is now eroded dramatically.
• 59:09
  Speaker 3: He voted dramatically.
• 59:12
  Speaker 2: So no, it needs intellectual support doesn't have to be
• 59:15
  Speaker 2: from the universities, but it needs intellectual supports. If Trump
• 59:22
  Speaker 2: was the captain of a Navy ship, he could be
• 59:25
  Speaker 2: declared unfit for command by the ship's doctor. Too bad,
• 59:29
  Speaker 2: the White House doesn't have the same rule. Well, in
• 59:31
  Speaker 2: a sense, it does. That is that's the twenty feth Amendment.
• 59:35
  Speaker 2: The cabinet can decide that he is no longer fit
• 59:42
  Speaker 2: for his position, and it can declare him unfit and
• 59:47
  Speaker 2: force him to resign or basically fire him, and he
• 59:52
  Speaker 2: would be replaced by the Vice president, which is no
• 59:56
  Speaker 2: you know, which is not necessarily a good thing because
• 1:00:01
  Speaker 2: of Jada Evans. But at least with Jade Vans, the
• 1:00:05
  Speaker 2: insanity would be controlled. It wouldn't be whim worshiping. You
• 1:00:11
  Speaker 2: would figure out his agenda and what he wants to
• 1:00:14
  Speaker 2: do and what he wants to achieve, and I think
• 1:00:15
  Speaker 2: you would follow a particular line. So but it's never
• 1:00:22
  Speaker 2: gonna happen, right, I mean, the only way Trump leaves
• 1:00:25
  Speaker 2: office early is if he drops dead. And because I
• 1:00:32
  Speaker 2: don't think Republicans will ever impeaching, but that's what they
• 1:00:35
  Speaker 2: should do. He should be impeached by Congress. I mean
• 1:00:41
  Speaker 2: on so many things. I mean, and the pardonsys issued.
• 1:00:44
  Speaker 2: I mean, the power of the pardon is completely out
• 1:00:47
  Speaker 2: of control. Somebody needs to propose an amendment to the
• 1:00:50
  Speaker 2: Constitution that eliminates the pardoning power of the president, or
• 1:00:55
  Speaker 2: at least restrict it dramatically. There's a number of things that,
• 1:00:59
  Speaker 2: you know, the impeachable offenses that I think Trump is committed.
• 1:01:08
  Speaker 2: Jonathan Trump treats Russia better than NATO allies.
• 1:01:11
  Speaker 3: Absolutely, and there's no question about it.
• 1:01:14
  Speaker 2: I mean, note in his in the strategic document, the
• 1:01:17
  Speaker 2: Found Policy strategic document that the Trump administration came out with,
• 1:01:21
  Speaker 2: there's no criticism of Russia.
• 1:01:23
  Speaker 3: Lots of criticism of NATO.
• 1:01:26
  Speaker 2: Sorry not to because of Europe, of European countries, of
• 1:01:29
  Speaker 2: our NATO allies. Think about how he's treated Canada versus
• 1:01:35
  Speaker 2: how he treated Russia, or even China, but certainly Russia.
• 1:01:41
  Speaker 3: I think of how he.
• 1:01:41
  Speaker 2: Treated Ukraine versus how he treats Russia. Hates Ukraine, despises Olenski,
• 1:01:48
  Speaker 2: puts him down at every opportunity. But Putin, Putin wants peace.
• 1:01:53
  Speaker 2: Putin is the real fighter for peace. He said this again.
• 1:01:56
  Speaker 2: I think today in the press conference, Putin is the
• 1:01:58
  Speaker 2: peaceful guy. It's Ukraine at his obstacle. I mean again,
• 1:02:05
  Speaker 2: complete detachment from reality or tucky. And there's Isis former
• 1:02:13
  Speaker 2: Isis president of Syria. Other good guys who cares about
• 1:02:17
  Speaker 2: the goods. You know. This is why there's a good
• 1:02:25
  Speaker 2: chance that he would turn against Israel. I think he
• 1:02:27
  Speaker 2: already has in many respects with his proposals for Gaza,
• 1:02:32
  Speaker 2: which have do not include almost anything about actually this
• 1:02:35
  Speaker 2: on Commas and eliminating them as a power within the
• 1:02:40
  Speaker 2: Gaza strip nothing about that. So yeah, Trump favors the strong.
• 1:02:52
  Speaker 2: He favors those that whispered in his ear. Last, he
• 1:02:56
  Speaker 2: favors those who play to his narcissistic emotions. Whenever Trump
• 1:03:05
  Speaker 2: threatens new tariffs, this is from James. Whenever Trump threatens
• 1:03:09
  Speaker 2: you tais the stock market always tanks. Is this more
• 1:03:12
  Speaker 2: incentive for the stream court to throw them out?
• 1:03:14
  Speaker 3: No?
• 1:03:15
  Speaker 2: I mean the Supreme Court should not take into account
• 1:03:18
  Speaker 2: what the market does at all.
• 1:03:20
  Speaker 3: It has nothing to do with that.
• 1:03:24
  Speaker 2: The Court's only responsibility is to go by the law.
• 1:03:29
  Speaker 2: It's a really reason. It's a really good reason for
• 1:03:33
  Speaker 2: Congress to do something. Congress are the ones it should
• 1:03:38
  Speaker 2: be watching the stock market, seeing the damage that it's
• 1:03:41
  Speaker 2: doing to Americans wealth and penalizing Trumpfort not the Supreme Court.
• 1:03:47
  Speaker 2: The Supreme Court should go by the law and the
• 1:03:49
  Speaker 2: law only, and the Constitution and the constitution only. They
• 1:03:53
  Speaker 2: should not look at the market at all. By the way,
• 1:03:56
  Speaker 2: I think I told yesterday Swimam Court was supposed to
• 1:03:58
  Speaker 2: rule today on the tariff question, and they again delayed it.
• 1:04:05
  Speaker 2: So something is going on in the corridors of the
• 1:04:09
  Speaker 2: Supreme Court. It'll be really interesting to see what the
• 1:04:15
  Speaker 2: decision ultimately is and really interesting if we ever learn
• 1:04:19
  Speaker 2: to learn what actually cause the delays, be really really
• 1:04:25
  Speaker 2: fascinating to find out. Uh, all right, let's see James
• 1:04:35
  Speaker 2: is donalds on miserable or is he in a constant
• 1:04:38
  Speaker 2: state of excitement from getting all the attention from destroying
• 1:04:41
  Speaker 2: the world.
• 1:04:42
  Speaker 3: He's miserable. You see it on his face.
• 1:04:46
  Speaker 2: They're all miserable. I mean Putin. I've got this photo
• 1:04:49
  Speaker 2: somewhere of Putin during one of the Christmases, is at
• 1:04:54
  Speaker 2: the church, the Christian Orthodox Church.
• 1:04:57
  Speaker 3: He's there alone at midnight.
• 1:04:59
  Speaker 2: I think this is during quot So he was trying
• 1:05:00
  Speaker 2: to isolate himself and his day alone, and he the
• 1:05:04
  Speaker 2: face was the most depressed looking face I've ever seen
• 1:05:09
  Speaker 2: in my life ever. The guy was the pitch to
• 1:05:13
  Speaker 2: me of miserable. And I think when you look at Trump, yeah,
• 1:05:17
  Speaker 2: I mean he looks awful. He looks terrible, and and
• 1:05:21
  Speaker 2: I think, you know, I think justice does exist in
• 1:05:25
  Speaker 2: the world, and that justice is represented by the fact
• 1:05:29
  Speaker 2: that bad people have miserable lives. I think Trumps has
• 1:05:33
  Speaker 2: a very miserable life. He has no self esteems, he
• 1:05:38
  Speaker 2: has no relation to reality, and reason is not a
• 1:05:42
  Speaker 2: faculty that he can engage in because he's a He's
• 1:05:45
  Speaker 2: a he's a preconceptual being. So yeah, he has to
• 1:05:49
  Speaker 2: be miserable. Happiness is impossible to him. Happiness is only
• 1:05:52
  Speaker 2: possible to those who engage in cognition, and he does not.
• 1:05:57
  Speaker 2: He is the missing link that I ran to described.
• 1:06:00
  Speaker 3: He is.
• 1:06:03
  Speaker 2: Selfish, the guy who acts selfishly but has no self
• 1:06:06
  Speaker 2: and therefore selfishness is empty. It means nothing and it
• 1:06:09
  Speaker 2: does not resound to his benefit. So yes, he's absolutely miserable.
• 1:06:17
  Speaker 2: Michael will Trump's wall Steed buddies tell him to lay
• 1:06:20
  Speaker 2: off Greenland so he doesn't continue to tank markets. Yeah,
• 1:06:23
  Speaker 2: I mean, we'll see what happens in the days to
• 1:06:26
  Speaker 2: come in terms of markets. But yes, I think he
• 1:06:29
  Speaker 2: will be told that how effective it is, I do
• 1:06:31
  Speaker 2: not know. It seems to be the only thing that
• 1:06:36
  Speaker 2: he cares about. But you know who knows, not Cheavi's algorithm.
• 1:06:41
  Speaker 2: I think many people who voted for Trump the second
• 1:06:43
  Speaker 2: time didn't really believe he would engage in all this madness.
• 1:06:46
  Speaker 2: They were put up by camelists phoniness, and were discussed
• 1:06:50
  Speaker 2: by the left in general. Yeah, I think that's all
• 1:06:52
  Speaker 2: of that is absolutely right. The question is have they
• 1:06:56
  Speaker 2: now woken up? Do they now see him for what
• 1:06:59
  Speaker 2: he really is? Do they now realize how dreadful and
• 1:07:06
  Speaker 2: just horrific and disgusting he really is, and how anti American,
• 1:07:11
  Speaker 2: how anti American.
• 1:07:12
  Speaker 3: He really is?
• 1:07:13
  Speaker 2: And I don't know what the answer that is. I
• 1:07:15
  Speaker 2: hope so the polls suggest that, But I'm not convinced.
• 1:07:21
  Speaker 2: Benjokinson USA is in debt and Trump's rights that Europe
• 1:07:27
  Speaker 2: should pay for its own military power absolutely. What else
• 1:07:30
  Speaker 2: can you do to build trust with the average American? Well,
• 1:07:35
  Speaker 2: I don't know that Europe has that much problems with
• 1:07:38
  Speaker 2: the average American. It has problems with Mega, but it
• 1:07:43
  Speaker 2: doesn't have I don't think the average American has any
• 1:07:46
  Speaker 2: problems with Europe. I don't think they resent Europe. I
• 1:07:48
  Speaker 2: don't think they. I do think NATO nations need to
• 1:07:52
  Speaker 2: pay up more than they are. They're ramping up their
• 1:07:56
  Speaker 2: defense spending. I think ultimately, if if the US finds
• 1:08:01
  Speaker 2: a way to leave NATO in a constructive way, I
• 1:08:05
  Speaker 2: think that will benefit NATO and the United States and
• 1:08:08
  Speaker 2: Europe's America's view of Europe. You know the other things
• 1:08:13
  Speaker 2: that Europe could do, but I don't know if Americans
• 1:08:16
  Speaker 2: would even notice, is improve your feed of speech, get
• 1:08:23
  Speaker 2: rid of the hate speech laws, stop protecting Muslims at
• 1:08:26
  Speaker 2: every corner, and you know, stop protecting placing immigrants above locals,
• 1:08:33
  Speaker 2: which is wrong. Treat them under the rule of law.
• 1:08:41
  Speaker 2: You know, Europe is I was encouraged today to see
• 1:08:47
  Speaker 2: that Europe is now embraced and this is a really
• 1:08:51
  Speaker 2: good staff a European wide in corporation. So you can
• 1:08:57
  Speaker 2: now get start a business in Europe within forty eight
• 1:09:01
  Speaker 2: hours and the business license that we get applies to
• 1:09:05
  Speaker 2: all EU countries. That was just announced today by the EU.
• 1:09:10
  Speaker 2: So the EU seems to be, I hope, taking seriously
• 1:09:16
  Speaker 2: the idea that they need to deregulate that they really
• 1:09:20
  Speaker 2: need a free up their economy, that they are in deep,
• 1:09:24
  Speaker 2: deep trouble economically if they don't try to mimic certain
• 1:09:28
  Speaker 2: features that the United States has, more flexible corporate law,
• 1:09:32
  Speaker 2: more flexible labor markets, greater support or laws that encourage entrepreneurship,
• 1:09:39
  Speaker 2: and then of course the culture that the encourages entrepreneurship,
• 1:09:41
  Speaker 2: which which also needs to change. So that's good and
• 1:09:45
  Speaker 2: that's a positive move. So anything Europe can do to
• 1:09:47
  Speaker 2: just strengthen itself and make itself more economically and military robust,
• 1:09:51
  Speaker 2: militarily robust, will be good for Europe and I think
• 1:09:54
  Speaker 2: ultimately will improve.
• 1:09:56
  Speaker 3: Their relationship with the United States.
• 1:09:59
  Speaker 2: Ollie doesn't na make the world a safer place and
• 1:10:02
  Speaker 2: does it help trade? Yes, I think it does. It
• 1:10:06
  Speaker 2: certainly makes the world a better place. People don't want
• 1:10:08
  Speaker 2: to mess with NATO. And when the United States has
• 1:10:12
  Speaker 2: called on its NATO allies to help in the various
• 1:10:16
  Speaker 2: wars the United States has e gauged and not necessarily
• 1:10:19
  Speaker 2: very good wars are very effectively fought. NATO allies have
• 1:10:23
  Speaker 2: come to help to the United States help and made
• 1:10:26
  Speaker 2: the wars.
• 1:10:27
  Speaker 3: Shorter and easier and better.
• 1:10:30
  Speaker 2: But it Also, NATO is a force that basically holds
• 1:10:36
  Speaker 2: back the Russians. Without NATO, Russia would not settle just
• 1:10:39
  Speaker 2: for Ukraine, It would want to move further west. NATO
• 1:10:44
  Speaker 2: is what holds it back. NATO is what convinces the
• 1:10:48
  Speaker 2: Russians not invade Poland or you know, even more obvious,
• 1:10:52
  Speaker 2: not invade Estonia, Lithuania and Latvia, which would be the
• 1:10:55
  Speaker 2: easy take for Russia. Russia would take them easily. Why
• 1:10:59
  Speaker 2: don't they invade Why don't they take them? Because of NATO?
• 1:11:03
  Speaker 2: The only reason. So, yes, NATO makes the world the
• 1:11:07
  Speaker 2: safer place.
• 1:11:08
  Speaker 3: Does it help the trade only in the sense that.
• 1:11:11
  Speaker 2: It helps the United States facilitate free you know, shipping lanes, uh,
• 1:11:19
  Speaker 2: you know, and and it it helps police the shipping
• 1:11:24
  Speaker 2: lanes of the world. I don't think beyond that it
• 1:11:28
  Speaker 2: has a role in trade one way or the other.
• 1:11:33
  Speaker 2: Nachavirgy algorithm is Trump lucky. He began his tariff bearage
• 1:11:36
  Speaker 2: during the AI boom. If he it weren't for the
• 1:11:40
  Speaker 2: massive growth in AI, would we be seriously hooting with
• 1:11:44
  Speaker 2: these tariffs. Look, I told you this at the time,
• 1:11:48
  Speaker 2: and when ad Scott lindsay, come on, he told you
• 1:11:50
  Speaker 2: this at the time, tarifs were never gonna dramatically hurt
• 1:11:55
  Speaker 2: the United States. This economy is just too damn big
• 1:11:59
  Speaker 2: and companies are too flexible and dynamic to let tariffs
• 1:12:07
  Speaker 2: destroy progress. So TASA high from China, import it from Vietnam,
• 1:12:14
  Speaker 2: and I can't do it from Vietnam. I'll go to India,
• 1:12:16
  Speaker 2: or go to Indonesia, or go to Mexico, go to Chile,
• 1:12:19
  Speaker 2: or go to somewhere else. And if TASA high, you know,
• 1:12:25
  Speaker 2: in all these places.
• 1:12:26
  Speaker 3: I'll go and bribe Donald Trump and get.
• 1:12:28
  Speaker 2: The tariffs lowered. So taras were never going to be
• 1:12:31
  Speaker 2: a major, major, major issue for the US economy. They've
• 1:12:36
  Speaker 2: raised the cost to all of us. I mean, I
• 1:12:38
  Speaker 2: didn't mention this, but the reality is that there was
• 1:12:42
  Speaker 2: just a study done that carefully looked at products, actually
• 1:12:46
  Speaker 2: tracked prices before tabs after tafts, basically to see who
• 1:12:52
  Speaker 2: pays the tariffs right who pays the tariffs. And the
• 1:12:56
  Speaker 2: conclusion of the study is that between what six percent
• 1:13:00
  Speaker 2: of the tasks are paid by the country that's being
• 1:13:04
  Speaker 2: tariffed companies in the country that's being teriffs, so four
• 1:13:08
  Speaker 2: to six per cent is in China. Ninety I think
• 1:13:12
  Speaker 2: it's ninety six percent is paid by Americans. So it's
• 1:13:18
  Speaker 2: basically a tax increase on Americans. That's what I told you.
• 1:13:23
  Speaker 2: Tais war.
• 1:13:24
  Speaker 3: That's why everybody knows tavasaw.
• 1:13:25
  Speaker 2: But this guy, these guys actually tracked the dollars, track
• 1:13:29
  Speaker 2: the bank accounts, and they have the receipts. It's all
• 1:13:33
  Speaker 2: being paid by Americans. Ninety six percent of it is
• 1:13:35
  Speaker 2: being paid by Americans. So but that was never going
• 1:13:43
  Speaker 2: to be a massive hurt to America.
• 1:13:46
  Speaker 3: But it hurts.
• 1:13:47
  Speaker 2: It hurts in higher prices, it hurts in less productivity,
• 1:13:52
  Speaker 2: it hurts in the destruction of manufacturing jobs. You know,
• 1:13:56
  Speaker 2: manufacturing jobs have declined since Trump came into office.
• 1:14:00
  Speaker 3: Significantly declined.
• 1:14:03
  Speaker 2: So it hurts in particular areas, in particular sticktors in
• 1:14:06
  Speaker 2: particular places.
• 1:14:09
  Speaker 3: But it's not going to collapse to your economy.
• 1:14:12
  Speaker 2: So even without AI, the economy would be weak, but
• 1:14:16
  Speaker 2: it wouldn't be catastrophic because of Tarot's. Now a tariff
• 1:14:21
  Speaker 2: war getting out of control with Europe, maybe with China
• 1:14:27
  Speaker 2: with others, that could cause major damage to the economy.
• 1:14:31
  Speaker 3: But taro's are the weight.
• 1:14:33
  Speaker 2: They're going hurt us, hurt consumers, hurt your pocketbook hurt
• 1:14:38
  Speaker 2: economic growth, but they're not catastrophic.
• 1:14:42
  Speaker 3: All right.
• 1:14:43
  Speaker 2: Oh reminder, we on the run book show off of
• 1:14:48
  Speaker 2: contributions that you guys make. Those of you watching live
• 1:14:51
  Speaker 2: on YouTube can make contributions via super chat or vy
• 1:14:56
  Speaker 2: a sticker. It's that dollar button at the bottom of
• 1:14:59
  Speaker 2: the chat at the bottom of the screen. You can
• 1:15:02
  Speaker 2: press that button and make a contribution towards the show.
• 1:15:06
  Speaker 2: We are way behind it our goals, so I'd appreciate
• 1:15:10
  Speaker 2: anybody who can do it. We've got a lot of
• 1:15:12
  Speaker 2: additional people over the last few minutes, joining one hundred
• 1:15:14
  Speaker 2: and seventy six people watching right now, so please consider
• 1:15:17
  Speaker 2: stepping in and supporting. Of course, Patreon memberships also help.
• 1:15:23
  Speaker 2: You can go to patreon dot com put your own
• 1:15:24
  Speaker 2: book show and make them at the contribution but super
• 1:15:29
  Speaker 2: chat really helps. It's a major source of revenue for
• 1:15:33
  Speaker 2: the your on bookshow, and that is because.
• 1:15:35
  Speaker 3: Of you guys, So keep it up now.
• 1:15:38
  Speaker 2: Chavis algorithm in retrospect is Harris's wokeness far better than
• 1:15:44
  Speaker 2: imperialism and ice fascism. Well, I mean I wouldn't say
• 1:15:48
  Speaker 2: far better, I'd say less maybe less bad. And you
• 1:15:53
  Speaker 2: have to take an account that it's not just imperialism
• 1:15:56
  Speaker 2: and ice fascism. It's tariffs, it's media, okay, economic policies,
• 1:16:01
  Speaker 2: it's uh, you know, pressure on the fad, it's it's
• 1:16:04
  Speaker 2: it's a bunch of different things that Trump is doing,
• 1:16:06
  Speaker 2: and the embrace of some socialist, woke economic policies like
• 1:16:10
  Speaker 2: capping interestates on credit cards. So I wouldn't say she
• 1:16:14
  Speaker 2: would be better, I'd say she'd be less less bad, Jonathan,
• 1:16:25
  Speaker 2: Donald J. Trump has discredited the idea of constitutional government. Yes,
• 1:16:31
  Speaker 2: and I did that show on Saturday about the constitutional
• 1:16:34
  Speaker 2: constitutional order to a public constitutional order that's gone.
• 1:16:38
  Speaker 3: You know.
• 1:16:39
  Speaker 2: Trump is undermining that in ways that haven't been undermined
• 1:16:42
  Speaker 2: since FTYO, since I FTO, and really make it impossible
• 1:16:49
  Speaker 2: to think of the United States as a constitution of republic.
• 1:16:53
  Speaker 2: And Savin Court has a chance to make a dent
• 1:16:55
  Speaker 2: in that to to bring corrective action, but it seems
• 1:17:00
  Speaker 2: to be really hesitant to do it. And I don't
• 1:17:02
  Speaker 2: know why. I don't know what's going on back there.
• 1:17:05
  Speaker 2: I really don't I want are they being threatened?
• 1:17:08
  Speaker 3: You know?
• 1:17:08
  Speaker 2: I don't know, Jonathan, Thank you for the additional stickup.
• 1:17:13
  Speaker 3: I really appreciate it, all right, guys, we need.
• 1:17:20
  Speaker 2: Sixty five dollars to get to our first hour goal.
• 1:17:24
  Speaker 2: At least sixty five dollars. Let's see if we can
• 1:17:27
  Speaker 2: raise that in the next ten minutes from the one
• 1:17:32
  Speaker 2: hundred and sixty seven people watching ya stickers and maybe
• 1:17:36
  Speaker 2: some super jets, one sixty five dollars. That's it, Bakup.
• 1:17:42
  Speaker 2: I've always agreed with your take on Trump. How do
• 1:17:45
  Speaker 2: you refrain from publicly wishing a paralyzing accident on one
• 1:17:50
  Speaker 2: of those actions costs so many lives, wishing a paralyzing
• 1:17:57
  Speaker 2: accident on one whose actions cost so many lives. I mean,
• 1:18:04
  Speaker 2: because it's not helpful, It's not useful, it undermines, It
• 1:18:13
  Speaker 2: would undermine my credibility, it would undermine, you know what,
• 1:18:18
  Speaker 2: my wishing where the publicly owned private doesn't change the world.
• 1:18:22
  Speaker 3: I'm not big on wishes.
• 1:18:25
  Speaker 2: So my only way of dealing with Trump is through
• 1:18:29
  Speaker 2: persuasion and through offering alternatives, and through trying to convince
• 1:18:34
  Speaker 2: and trying to change, and trying to to trying to
• 1:18:38
  Speaker 2: get people to see what he really is. Put pressure
• 1:18:41
  Speaker 2: on the congressman of sentences, and ultimately, through legal means,
• 1:18:44
  Speaker 2: get rid of him, which I think is the right
• 1:18:46
  Speaker 2: thing to do. Certainly, Now Congress should certainly be debating
• 1:18:51
  Speaker 2: and peaching Trump, but it won't happen.
• 1:18:53
  Speaker 3: But what's wishing him?
• 1:18:55
  Speaker 2: Ill going to help me.
• 1:18:59
  Speaker 3: It might.
• 1:19:01
  Speaker 2: Make me feel batter, but it has no effect on
• 1:19:05
  Speaker 2: reality out there. Ollie, what do you think Trump's plan
• 1:19:11
  Speaker 2: to lower prescription drug costs and what outcome do you expect? Well,
• 1:19:14
  Speaker 2: I mean, it's a disaster. It's more price controls. It's
• 1:19:17
  Speaker 2: more attempt a central planner to manipulate pharmaceutical companies, penalize
• 1:19:22
  Speaker 2: them and try to manipulate prices. The outcoming is less
• 1:19:27
  Speaker 2: investment in pharmaceuticals, less investment in new drugs, and it's
• 1:19:37
  Speaker 2: really really bad, and a lot of innovation moving off
• 1:19:42
  Speaker 2: short of the United States. The United States is the
• 1:19:44
  Speaker 2: number one innovator in drugs. You know, over fifty percent
• 1:19:49
  Speaker 2: of innovation happens in the US, and that is being
• 1:19:53
  Speaker 2: threatened by these price controls.
• 1:19:54
  Speaker 3: Now, it's also going to cause.
• 1:19:59
  Speaker 2: You know, the things that can be done to force
• 1:20:02
  Speaker 2: other countries to pay a more reasonable price for the
• 1:20:06
  Speaker 2: drugs other countries are free writing off of the United States.
• 1:20:09
  Speaker 3: This isn't the way to do it, because the way he's.
• 1:20:13
  Speaker 2: Doing it is only punishing, primarily punishing the drug companies.
• 1:20:22
  Speaker 2: It also makes, by the way, some drugs unavailable in
• 1:20:26
  Speaker 2: certain countries around the world, and to which I'm not
• 1:20:30
  Speaker 2: sure helps anybody. The oceanis I'm so grateful that I'm
• 1:20:38
  Speaker 2: not in the military anymore. Yes, me too. If Greenland
• 1:20:42
  Speaker 2: was a security issue, we could have talked it over
• 1:20:46
  Speaker 2: with NATO and have more of a presence there like
• 1:20:48
  Speaker 2: we did during the Cold War. Yes, I mentioned this
• 1:20:50
  Speaker 2: share state. During the Cold War of the United States
• 1:20:53
  Speaker 2: had thirty thousand troops in Greenland. It has what two
• 1:20:56
  Speaker 2: hundred right now, thirty thousand. Nobody in NATO is going
• 1:21:01
  Speaker 2: to object for the United States having thirty thousand troops
• 1:21:03
  Speaker 2: there unless those troops that they had occupy Greenland and
• 1:21:08
  Speaker 2: to take it away from Denmark. Thanks Ocianist, Jonathan. We
• 1:21:16
  Speaker 2: need Americanism. It's dwindling in plain sight.
• 1:21:18
  Speaker 3: Yep.
• 1:21:18
  Speaker 2: Americanism is individualism. America is respect for the Constitution and
• 1:21:23
  Speaker 2: for individual rights. America is the land of you know,
• 1:21:28
  Speaker 2: a checks and balances government, a government that is there
• 1:21:32
  Speaker 2: to protect our rights.
• 1:21:33
  Speaker 3: We've moved far away from that.
• 1:21:35
  Speaker 2: Sadly, Marius, have you seen this AI altered image of
• 1:21:45
  Speaker 2: Great America, US plus Canada, Greenland, Cuba, Venezuela with European leaders.
• 1:21:50
  Speaker 2: With European leaders, Trump posted Hitler too. Yeah, I mean
• 1:21:55
  Speaker 2: Trump posted this map where Canada, Greenland, Cuban it's a
• 1:22:00
  Speaker 2: lower part of America. So a clearly imperialistic, imperialist map.
• 1:22:09
  Speaker 2: You know, it's just it's pathetic, It's it's ridiculous, it's pathetic,
• 1:22:12
  Speaker 2: it's stupid.
• 1:22:13
  Speaker 3: Uh. And I don't think he's a hit leg again.
• 1:22:16
  Speaker 2: I don't think he believes in anything really other than
• 1:22:18
  Speaker 2: his own. It's just as thumping his chest. It's just
• 1:22:23
  Speaker 2: wim worshiping, thumping, chest thumping. He's a he's a he's
• 1:22:27
  Speaker 2: a kid. He's a kid, and he's got and he's
• 1:22:30
  Speaker 2: got this incredible military in his site. All right, guys,
• 1:22:34
  Speaker 2: forty eight dollars left to get to our goal four
• 1:22:36
  Speaker 2: to eight forty eight said thank you, Jonathan, Thank you, Jonathan,
• 1:22:41
  Speaker 2: thank you, and Jonathan, thank you again.
• 1:22:43
  Speaker 3: For the stickers. Appreciate that.
• 1:22:49
  Speaker 2: I mean, I described him on a show a week
• 1:22:51
  Speaker 2: ago as a Viking, right with the mentality of a
• 1:22:53
  Speaker 2: Viking conquest and plunder, conquest and plunder. Lincoln says, I
• 1:23:01
  Speaker 2: always hear the critique that Rand is an author for teenagers.
• 1:23:05
  Speaker 2: How accurate is that objectivists start young? I mean most
• 1:23:10
  Speaker 2: objectives start young. When you're young, I'd say sixteen, if
• 1:23:15
  Speaker 2: you're more mature, all the way into your mid twenties,
• 1:23:19
  Speaker 2: maybe late twenties. That is a period in life in
• 1:23:22
  Speaker 2: which you are open to new ideas. It's a period
• 1:23:24
  Speaker 2: in life in which you are eager to be challenged,
• 1:23:27
  Speaker 2: where you're searching for the truth. You're looking for a system,
• 1:23:32
  Speaker 2: for a system, and you know, it's when people become communist.
• 1:23:39
  Speaker 2: That's where people kids become fascist. This way, it's when
• 1:23:43
  Speaker 2: kids gets exposed to radical ideas and they have some appeal.
• 1:23:47
  Speaker 2: It's when kids are looking for an idealistic view of
• 1:23:50
  Speaker 2: the world, for something to fight for. And if objectivism,
• 1:23:55
  Speaker 2: objectivism appeals to many people in that age goop. Although
• 1:24:00
  Speaker 2: objectivism also appeals to people in their thirties and forties
• 1:24:03
  Speaker 2: surprisingly so, Yeah, teenagers years are the years of ideas.
• 1:24:09
  Speaker 2: Late teens early twenties are the idea of the are
• 1:24:13
  Speaker 2: the years of idealism and ideas. And that's why Iinran
• 1:24:20
  Speaker 2: resonates with that age group, not because it's not because
• 1:24:24
  Speaker 2: they're superficial but because they're looking, they're searching, they're open,
• 1:24:28
  Speaker 2: whereas after sain Age you become closed. You clcify you've
• 1:24:33
  Speaker 2: accepted these ideas and you don't want them challenged. Jonathan
• 1:24:39
  Speaker 2: is Trump textbook Primarcy of Consciousness? Yes, I think so,
• 1:24:44
  Speaker 2: and in a public way, and in a way that
• 1:24:47
  Speaker 2: often you don't really see with people, because he is
• 1:24:51
  Speaker 2: willing to lie in a way that most privacy of
• 1:24:54
  Speaker 2: consciousness people I'm embarrassed to do. So it's out in
• 1:24:58
  Speaker 2: the open in a way that it's unique. Lincoln related
• 1:25:04
  Speaker 2: to the first question, how should one promote Rand on campus?
• 1:25:07
  Speaker 2: I find it's super hard to find spaces to promote her.
• 1:25:11
  Speaker 2: Sinces TPUSA went overboard. Well, I mean your campus probably
• 1:25:17
  Speaker 2: has a club week where all the clubs exhibit at
• 1:25:23
  Speaker 2: the beginning of the semester, and you can get a
• 1:25:25
  Speaker 2: table there and put out literature. You could create some
• 1:25:28
  Speaker 2: posters with some provocative statements, maybe on atheism, maybe on capitalism,
• 1:25:35
  Speaker 2: maybe on morality, selfishness is good, I don't know, and
• 1:25:39
  Speaker 2: encourage people to come over many of them. You'll find
• 1:25:42
  Speaker 2: a lot of people have already read Rand, and you
• 1:25:43
  Speaker 2: can interact with them on that basis.
• 1:25:46
  Speaker 3: Other people might have heard of rand.
• 1:25:48
  Speaker 2: Other people might not know what the hell is going
• 1:25:51
  Speaker 2: on and just want more information.
• 1:25:53
  Speaker 3: So I think that's the best way.
• 1:25:54
  Speaker 2: And then doing events on campus in fighting speakers, you
• 1:25:58
  Speaker 2: can contact it a din manage student, get speak a
• 1:26:01
  Speaker 2: speaker to com and using that to put out flyers
• 1:26:10
  Speaker 2: and posters and advertise it and again try to get
• 1:26:13
  Speaker 2: attention and try to get engaged in conversation with students. Baker,
• 1:26:20
  Speaker 2: any chance getting Scott McDonald back on to talk about
• 1:26:24
  Speaker 2: all things China. I always find his take interesting. Yes,
• 1:26:28
  Speaker 2: I was thinking the same thing recently, and yes I would.
• 1:26:32
  Speaker 2: I really would like to get Scott on, so I'll
• 1:26:36
  Speaker 2: contact him soon. Matt Trump committed an impeachable offense before
• 1:26:45
  Speaker 2: even being sworn in with his crypto meme coin.
• 1:26:49
  Speaker 3: It would take multiple shows to go through everything.
• 1:26:51
  Speaker 2: Yeah, I agree, the crypto meme coin, the obvious inside
• 1:26:54
  Speaker 2: of trading that's going on with tarifs and other things.
• 1:26:58
  Speaker 2: Even recently there was something I can sure what it
• 1:27:02
  Speaker 2: was now, you know, buying bonds of you know of
• 1:27:07
  Speaker 2: I think the time the time Warner the Warner Brothers
• 1:27:12
  Speaker 2: Netflix thing. There was some inside of trading involved in that. Yeah,
• 1:27:16
  Speaker 2: there's a ton of them, the meme coins being a
• 1:27:18
  Speaker 2: good example. The oceanist Trump doesn't worship strength, just the
• 1:27:24
  Speaker 2: perception Russia acts tough, but is in a stellemate with
• 1:27:28
  Speaker 2: a country armed with NATO hand me downs. Yes, but it's.
• 1:27:32
  Speaker 3: It's not strength outwardly.
• 1:27:35
  Speaker 2: What he values is Putin's ability to control his own people.
• 1:27:40
  Speaker 2: That they respect him in quotation walks, did they stand
• 1:27:44
  Speaker 2: up when he answers the room, that they fear him,
• 1:27:46
  Speaker 2: then he can do whatever the hell he wants in Russia.
• 1:27:49
  Speaker 3: That's the kind of strength trumpet.
• 1:27:51
  Speaker 2: Maya's not winning in the battlefield which Putin's failed at Andrew,
• 1:27:59
  Speaker 2: Andrew has gotten us within fifteen dollars of our goal
• 1:28:02
  Speaker 2: fifteen dollars. A stick of for fifteen dollars would get
• 1:28:06
  Speaker 2: us there, Andrew says, Rand said, well, she disagreed with
• 1:28:10
  Speaker 2: everything the liberals of the past said. She admired the
• 1:28:13
  Speaker 2: method by which they approached political issues by intellectual argument.
• 1:28:18
  Speaker 2: Imagine what you would think of the modern method. Yes,
• 1:28:21
  Speaker 2: I mean, I don't know. I find it pretty clear
• 1:28:26
  Speaker 2: that Rand would be horrified, just horrified by the state
• 1:28:31
  Speaker 2: of America today, by the state of the political debate
• 1:28:34
  Speaker 2: discussion and by the anti intellectualism of the entire.
• 1:28:42
  Speaker 3: Political class, particularly of the Republicans.
• 1:28:45
  Speaker 2: I think she'd expect it from the Democrats, but I
• 1:28:48
  Speaker 2: think she'd be as low as she thought Republicans and
• 1:28:51
  Speaker 2: Conservatives were. I don't think she expected him to get
• 1:28:54
  Speaker 2: this bad. So all right, Stephens said, you said Judaism
• 1:29:03
  Speaker 2: doesn't have original sin. But isn't it from Genesis in
• 1:29:05
  Speaker 2: the Old Testament. Is it just not emphasized like in Christianity.
• 1:29:09
  Speaker 2: If so, White, Well, it's just it's not There's nothing
• 1:29:15
  Speaker 2: in Genesis that says that you are sinful for the
• 1:29:21
  Speaker 2: moment you are born. It says that man committed sin
• 1:29:26
  Speaker 2: in the garden of Etle Eden, and therefore he's going
• 1:29:28
  Speaker 2: to have a rough life. But that doesn't say you're
• 1:29:31
  Speaker 2: in heavenly bad. It doesn't say you're in heaventhly bad,
• 1:29:34
  Speaker 2: and therefore you must spend your life asking for forgiveness
• 1:29:39
  Speaker 2: or need a Messiah to come back and die for
• 1:29:42
  Speaker 2: you in order for your sins to be forgiven, which
• 1:29:44
  Speaker 2: is kind of a science fiction weird twist to the
• 1:29:48
  Speaker 2: whole story. It just says man committed sin in the
• 1:29:55
  Speaker 2: garden of Eden, and therefore, well, for the rest of
• 1:29:57
  Speaker 2: his existence.
• 1:29:58
  Speaker 4: Will pay for it through the fact that we have
• 1:30:01
  Speaker 4: to work, we have to actually go to work to
• 1:30:05
  Speaker 4: feed ourselves, through the fact that women have to give
• 1:30:09
  Speaker 4: give labor.
• 1:30:10
  Speaker 2: There's no attitude towards sex as sex is being sinsful
• 1:30:13
  Speaker 2: in any way, sex as being the original sin in
• 1:30:17
  Speaker 2: some sense. None of that exists in Judaism, and it's
• 1:30:20
  Speaker 2: not in Genesis. It's the Christian interpretation of those stories.
• 1:30:25
  Speaker 2: It's not a Jewish interpretation of those stories, as far
• 1:30:27
  Speaker 2: as I know nothing, and Judaism generally has a much
• 1:30:31
  Speaker 2: more positive attitude towards sex. And you can see that
• 1:30:34
  Speaker 2: in the lives of I don't know, Jewish kings in
• 1:30:37
  Speaker 2: the Old Testament, I mean, David sleeps around and has
• 1:30:41
  Speaker 2: sex quite.
• 1:30:42
  Speaker 3: Freely, as does.
• 1:30:47
  Speaker 2: You know, as does Solomon. In Solomon has two thousand
• 1:30:50
  Speaker 2: wives and mistresses, two thousand and Judith, who is a Jewish,
• 1:30:57
  Speaker 2: a leader, female leader. She sleeps with the annim me
• 1:31:00
  Speaker 2: and then in the morning cuts off his head and
• 1:31:02
  Speaker 2: that's how she beats him. But the fact that she
• 1:31:05
  Speaker 2: has sex with him in order to catch him at
• 1:31:08
  Speaker 2: a at a weak moment and cut off his head.
• 1:31:11
  Speaker 2: Christians would flip out around that how could she commit
• 1:31:14
  Speaker 2: such a sin, even in the name of victory. So
• 1:31:18
  Speaker 2: the Christianity, you know, they would be horrified by such
• 1:31:22
  Speaker 2: a thing, whereas Jews go, wow, she's a real hero
• 1:31:26
  Speaker 2: and she is.
• 1:31:27
  Speaker 3: I've got I've got.
• 1:31:28
  Speaker 2: A painting of her in my living room, a post
• 1:31:32
  Speaker 2: of a painting of her in my living room with
• 1:31:34
  Speaker 2: the chopped head off, because she's a she's a real heroine.
• 1:31:39
  Speaker 2: So sex is viewed as really weirdly in Christianity, but
• 1:31:45
  Speaker 2: inherently sinful inheerently bad. Something is wrong, and that doesn't
• 1:31:50
  Speaker 2: exist in Judaism, and that's related to original sin, Lincoln says.
• 1:31:54
  Speaker 2: Value for value, Thank you, Lincoln, fifteen dollars. Guys, you
• 1:31:57
  Speaker 2: got like five minutes at most if you want to
• 1:32:00
  Speaker 2: help make a one hour goal. Good news, Lincoln says,
• 1:32:08
  Speaker 2: lots of my family will get to meet my girlfriend
• 1:32:11
  Speaker 2: next month at my grandma's birthday. I also signed up
• 1:32:15
  Speaker 2: for our OTC this semester, so I get the good
• 1:32:19
  Speaker 2: news about a family meeting girlfriend. That's great, that's exciting.
• 1:32:23
  Speaker 2: I don't understand our OTC. I'm not sure why you
• 1:32:26
  Speaker 2: would do that. What's the point. So why is that
• 1:32:30
  Speaker 2: a good thing? Why is that something we should celebrate
• 1:32:44
  Speaker 2: philosophy at work. Have you noticed how much maga proclivities,
• 1:32:53
  Speaker 2: how much magas proclivities matches those of the Old South
• 1:32:57
  Speaker 2: race christianities, you know, phobia, techno phobia, you hatred, et cetera.
• 1:33:02
  Speaker 3: Yes, you know.
• 1:33:04
  Speaker 2: I think you're absolutely right. And uh, it's it's very worrisome.
• 1:33:11
  Speaker 2: And of course a lot of MAGA comes out of
• 1:33:15
  Speaker 2: the Old South. It's it's very troubling that that is
• 1:33:21
  Speaker 2: the source of a lot of this. Lincoln says, a
• 1:33:25
  Speaker 2: popular and accurate meme online is the only difference between
• 1:33:29
  Speaker 2: young liberals and young conservatives, man, is whether they were
• 1:33:33
  Speaker 2: shown Ben Shapiro or leftist YouTube videos in high school.
• 1:33:39
  Speaker 2: So if they were shown Ben Shapiro videos, they went right,
• 1:33:43
  Speaker 2: and if they were shown young liberals they went left,
• 1:33:46
  Speaker 2: and leftist videos they were went left. I mean, yeah,
• 1:33:49
  Speaker 2: I think, I think sadly, that's probably true.
• 1:33:52
  Speaker 3: That's probably true. It doesn't take much more than that.
• 1:33:55
  Speaker 2: All right, anybody want to do nine dollars to wrap
• 1:33:57
  Speaker 2: it up?
• 1:33:59
  Speaker 3: Last call? All right? For your information?
• 1:34:02
  Speaker 2: TC is just for National God Reserve to pay for college.
• 1:34:05
  Speaker 2: I'm medically exempt from active service. Judemo autism, Well, that's good.
• 1:34:10
  Speaker 2: I'm glad that I'm going to ship you off to Greenland.
• 1:34:13
  Speaker 2: I hear it's very cold over there, very very cold,
• 1:34:16
  Speaker 2: colder than Michigan. So hopefully you can avoid going to
• 1:34:22
  Speaker 2: Greenland and occupying occupying Greenland in the name of the
• 1:34:28
  Speaker 2: I don't know national security or Trump's Trump's whims, Jason says.
• 1:34:35
  Speaker 3: Now we're down to four dollars.
• 1:34:38
  Speaker 2: Jason says, sometimes people have to get to join ORTC
• 1:34:41
  Speaker 2: to get into better school district. I think it builds
• 1:34:45
  Speaker 2: some character as well as some people. I think, as
• 1:34:48
  Speaker 2: Lincoln said, it reduces tuition. I think that's a big
• 1:34:51
  Speaker 2: part of it. The National Guard pays for your tuition,
• 1:34:56
  Speaker 2: all right, Andrew, who gets us over this particular target.
• 1:35:00
  Speaker 2: When Rahn was asked how the intellectuals have abdicated the responsibilities,
• 1:35:05
  Speaker 2: she answered by abandoning the intellect. Yes, she was shop.
• 1:35:11
  Speaker 2: You got to give her that amazingly sharp. We're witnessing
• 1:35:15
  Speaker 2: a post intellectual world. Well, it's worse than that. We're
• 1:35:18
  Speaker 2: witnessing an anti intellectual world. We're interested. We're witnessing a
• 1:35:23
  Speaker 2: world that is actively hostile to the intellect. Linka says,
• 1:35:30
  Speaker 2: but I wanted to fight the polar Bears for Emperor Rubio.
• 1:35:34
  Speaker 2: I don't think you want to fight polar bears. You don't, Well,
• 1:35:37
  Speaker 2: you could use your big weapon shoot them down and
• 1:35:41
  Speaker 2: you would win, but hopefully not hand to hand, because
• 1:35:45
  Speaker 2: they would beat you at that even if you learn kravmaga.
• 1:35:49
  Speaker 2: All right, guys, thank you, thank you all the superhattis,
• 1:35:52
  Speaker 2: thank you for everybody was here. Don't forget to like
• 1:35:54
  Speaker 2: the show before you leave. If you're not a subscriber,
• 1:35:56
  Speaker 2: please subscribe. Let's hope forbidden you tomorrow. I think the
• 1:36:02
  Speaker 2: show will happen after Trump's speech, so we'll be able
• 1:36:06
  Speaker 2: to talk about Trump's talk at Davos and and some
• 1:36:11
  Speaker 2: other things. Hopefully diversify away from Trump would be nice.
• 1:36:16
  Speaker 2: And uh yeah, I have a great rest of you week.
• 1:36:19
  Speaker 3: I will see you all tomorrow and tomorrow.
• 1:36:23
  Speaker 2: Yeah, I fear that tomorrow is going to slip as well,
• 1:36:26
  Speaker 2: and that we will be starting later than usual, later
• 1:36:30
  Speaker 2: than the three PM. There's just a legal issue that
• 1:36:34
  Speaker 2: I am dealing with right now that it is requiring
• 1:36:36
  Speaker 2: me to meet with lawyers, and and those meetings are
• 1:36:40
  Speaker 2: popping up in hours that kind of affect the timing
• 1:36:46
  Speaker 2: of the show. But I can't avoid it. So it
• 1:36:49
  Speaker 2: is what it is. So there will be a show tomorrow.
• 1:36:52
  Speaker 2: It might be an hour later than usual, i e.
• 1:36:55
  Speaker 2: Three pm East In time instead of two pm Ason time,
• 1:36:58
  Speaker 2: but I'll definitely let you know tomorrow Ali, everybody, Bye
• 1:37:02
  Speaker 2: Sizma