Latest / Yaron Brook Show / Iran; ICE; Jones Act; DST; Data Centers; Recycling; Dugin; PayPal; Achievement | Yaron Brook Show

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Iran; ICE; Jones Act; DST; Data Centers; Recycling; Dugin; PayPal; Achievement | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: A lot of fundamentals of what do you do last
• 0:08
  Speaker 1: little seals and any individual loss. This is oh right, everybody,
• 0:21
  Speaker 1: welcome to you one book show on this Wednesday, July fifteenth.
• 0:28
  Speaker 1: What a game? Huh? Hopefully you guys gotta gotta see
• 0:31
  Speaker 1: the the England Argentina game. That was exciting and it
• 0:37
  Speaker 1: was fun and if you're a messy fan, it was perfect.
• 0:41
  Speaker 1: And if you're not a messy fan, then you should
• 0:44
  Speaker 1: become one. I mean, god, Argentina was not one one
• 0:50
  Speaker 1: goal and the game was almost over.
• 0:55
  Speaker 2: And.
• 0:57
  Speaker 1: Argentina scores two goals and I don't know, span of
• 1:00
  Speaker 1: seven minutes or something like that, one of them in
• 1:03
  Speaker 1: stoppage time to win the game, and right at the
• 1:07
  Speaker 1: last minute, and British fans and the British players.
• 1:11
  Speaker 2: Were just crushed, just crushed by it.
• 1:13
  Speaker 1: I think England made some really big strategic mistakes.
• 1:17
  Speaker 2: They went on a defense way too early.
• 1:20
  Speaker 1: They let basically Argentina have the last twenty minutes of
• 1:25
  Speaker 1: the game.
• 1:25
  Speaker 2: It's just attack, attack, attack attack. You knew that at
• 1:28
  Speaker 2: some point they would score a goal.
• 1:30
  Speaker 1: I mean they had a number of very close misses,
• 1:34
  Speaker 1: a number of opportunities. It should have been goals and
• 1:37
  Speaker 1: they missed them and you knew it was going to happen.
• 1:42
  Speaker 1: But England just stuck with that tactic. They brought in
• 1:44
  Speaker 1: more defenders, they took out strikers, so then when they
• 1:48
  Speaker 1: fell behind, they didn't have the resources, they didn't have
• 1:51
  Speaker 1: the they couldn't do anything about it. They just basically folded.
• 1:56
  Speaker 1: So it was a good game. It was a fun
• 1:59
  Speaker 1: game both teams with exception of this defensive stance of England,
• 2:06
  Speaker 1: and then both teams played really well.
• 2:09
  Speaker 2: England scored a pretty pretty i mean, you know, pretty.
• 2:13
  Speaker 1: Beautiful goal and the two goals by Argentina were both
• 2:20
  Speaker 1: involved assists from Messi. Some of the almost goals involved
• 2:26
  Speaker 1: assists for Messi, so Messi was very involved, particularly in
• 2:29
  Speaker 1: the second half, very involved in what was going on
• 2:32
  Speaker 1: in the pitch and changed the game. And you don't
• 2:35
  Speaker 1: get those goals without him. Both those goals, the assist
• 2:38
  Speaker 1: will crucial. Yeah, good game. I'm looking forward to the
• 2:43
  Speaker 1: final Spain Argentina. That should be that should be a
• 2:47
  Speaker 1: really good one.
• 2:47
  Speaker 2: I mean, the way.
• 2:48
  Speaker 1: Spain played against fans Man, they're gonna be hard to beat.
• 2:53
  Speaker 1: On the other hand, you know, it might be Justgentina
• 2:57
  Speaker 1: might be just the right team.
• 2:59
  Speaker 2: To be able to beat Spain or at least challenge
• 3:03
  Speaker 2: Spain in a significant way.
• 3:08
  Speaker 1: You know that the Gentinians don't have to have that
• 3:10
  Speaker 1: ball like the Fench do most of the time in
• 3:13
  Speaker 1: order to score.
• 3:14
  Speaker 2: The Argentinians can sol quick.
• 3:18
  Speaker 1: And uh and and they just need a few moments
• 3:22
  Speaker 1: of genius from Messy and uh and they tennis called goals.
• 3:27
  Speaker 1: So it's gonna be fun on Sunday. You're gonna be
• 3:30
  Speaker 1: fun on Sunday. I hope, I hope you guys are watching.
• 3:32
  Speaker 1: And then well, I'm gonna go through through yeah World
• 3:37
  Speaker 1: Cup withdrawal syndrome. It's gonna be hard to get used
• 3:40
  Speaker 1: to life without watching uh some soccer in the afternoons.
• 3:44
  Speaker 1: So for four years, I'm gonna go cold, tuki, you know,
• 3:49
  Speaker 1: no soccer for four years until the next World Cup.
• 3:52
  Speaker 2: That that that is That is the way I will
• 3:56
  Speaker 2: all right, I you know, when in a.
• 4:01
  Speaker 1: Battle between Argentina and Spain, this is pretty straightforward for me.
• 4:05
  Speaker 2: I'm all in in Argentina for many reasons.
• 4:08
  Speaker 1: Messi of course, and they were a good team, but also,
• 4:12
  Speaker 1: you know, Milay versus the socialist government in Spain, the
• 4:18
  Speaker 1: anti Semitism in Spain versus support for Israel and Argentina.
• 4:22
  Speaker 1: Argentina being poor America supportive of of of of America
• 4:27
  Speaker 1: broadly and Argentina's being poor America, Spanish being anti America
• 4:33
  Speaker 1: not willing to help with it on Iran being known
• 4:36
  Speaker 1: in country in NATO not to commit to raising the
• 4:39
  Speaker 1: defense budget.
• 4:40
  Speaker 2: A lot do not like about the Spanish nation, even though.
• 4:42
  Speaker 1: The soccer team is pretty damn amazing. So I'll be
• 4:48
  Speaker 1: rooting for Argentina in the final.
• 4:52
  Speaker 2: So that was a lot of fun. That was a
• 4:54
  Speaker 2: lot of fun.
• 4:55
  Speaker 1: It's been a an amazing World Cup. I have to say,
• 4:58
  Speaker 1: amazing World Cup. The last few World Cups have been
• 5:01
  Speaker 1: really good, this one in particular. Okay, let's see, well
• 5:10
  Speaker 1: two the first two stories are really just a being
• 5:13
  Speaker 1: up to speed. Uh there's nothing really big new, but
• 5:17
  Speaker 1: but some new stuff. So since we've been talking about
• 5:20
  Speaker 1: it for days now, I figured I just I just
• 5:22
  Speaker 1: quickly get you up to speed on them and then
• 5:25
  Speaker 1: go on to other stories. But uh, you know, so
• 5:28
  Speaker 1: the so you on, Uh, the United States did daylight
• 5:34
  Speaker 1: bombing today in you on for the first time in
• 5:37
  Speaker 1: the past they were bombing at nights and then stop
• 5:39
  Speaker 1: bombing during the day.
• 5:40
  Speaker 2: I think this partially means that they.
• 5:42
  Speaker 1: Feel pretty confident about the destruction of the air defense system,
• 5:46
  Speaker 1: so they feel most more comfortable in.
• 5:47
  Speaker 2: The air above above you on.
• 5:51
  Speaker 1: But but they did two rounds of bombing today, one
• 5:54
  Speaker 1: during the day, one at night. Uh take off targets, Uh,
• 6:00
  Speaker 1: you know, same targets as they've been doing, supposedly, supposed
• 6:03
  Speaker 1: the US officials, you know, meeting with Trump, claiming that
• 6:08
  Speaker 1: Trump is increasingly leaning towards expanding US military operations against Iran,
• 6:14
  Speaker 1: but he hasn't made a final decision. I don't know
• 6:16
  Speaker 1: what that means expanding, No, nothing clear, But that could
• 6:21
  Speaker 1: mean targeting runs underground Mountain nuclear facility. I thought they
• 6:26
  Speaker 1: already did that, And if they haven't done it, why
• 6:30
  Speaker 1: would they not have done it already, striking additional energy infrastructure,
• 6:35
  Speaker 1: potentially seizing Corog Island and other strategic islands in.
• 6:38
  Speaker 2: And around the States of Home, the State of Homos
• 6:40
  Speaker 2: with US forces.
• 6:42
  Speaker 1: I think seizing the islands in the Straits would have
• 6:46
  Speaker 1: more strategic value than the Krog Island ultimately, because that
• 6:50
  Speaker 1: would give the United States basically control over the Strait,
• 6:53
  Speaker 1: and it's from those islands that are a lot of
• 6:55
  Speaker 1: the disruption that the Ranians causing. The straight is launched.
• 7:02
  Speaker 1: But I'll leave this to navy planners in terms of
• 7:05
  Speaker 1: how they want to do it. But the bottom line
• 7:08
  Speaker 1: is the thinking of intensifying. But note, I mean, I.
• 7:16
  Speaker 2: Feel like a broken record.
• 7:17
  Speaker 1: This is the problem we're talking about the news, like
• 7:20
  Speaker 1: so many of these stories keep coming back and you
• 7:23
  Speaker 1: feel like a broken record.
• 7:24
  Speaker 2: No, there's no strategy. There's no strategy, and there's no strategy.
• 7:33
  Speaker 1: I mean, okay, so the nominal strategy they have is,
• 7:37
  Speaker 1: you know, don't let you on export and import, suck
• 7:41
  Speaker 1: them dry, economic pressure on them. They won't have any
• 7:45
  Speaker 1: money coming in and they'll just give up. And that's
• 7:48
  Speaker 1: just not going to work because the point is there's
• 7:51
  Speaker 1: no strategy that takes into account the reality that the
• 7:57
  Speaker 1: Ranian regime is a religious dictatorship and for now article
• 8:01
  Speaker 1: Islamist regime that can withstand a lot of suffering, much
• 8:07
  Speaker 1: more suffering than America can. And primarily because most Americans
• 8:14
  Speaker 1: have no idea why this was being fought. Nobody's ever
• 8:16
  Speaker 1: really told them, The President of never really engaged them
• 8:21
  Speaker 1: on this.
• 8:23
  Speaker 2: Uh so.
• 8:26
  Speaker 1: They're making people don't want gas prices to go up.
• 8:30
  Speaker 1: They don't want to suffer in other ways. I mean
• 8:33
  Speaker 1: ground troops with me will mean body bags. They don't
• 8:36
  Speaker 1: want body bags because nobody's actually make the case. So
• 8:45
  Speaker 1: we'll see, I mean, we'll see what actually happens now.
• 8:51
  Speaker 1: Right now, all the focuses and opening the states of
• 8:54
  Speaker 1: straight and homos. But okay, you open it. You're in
• 8:58
  Speaker 1: the same position you will before the wall. Well what
• 9:01
  Speaker 1: do you do now? You keep starving the unions until
• 9:05
  Speaker 1: they give in, or you actually go in and and
• 9:08
  Speaker 1: and engage in regime change, which is doable, but it's
• 9:13
  Speaker 1: going to require a different level. It's going to require
• 9:17
  Speaker 1: ramping things up. Yeah, it's gonna require ramping things up.
• 9:25
  Speaker 1: And yeah, maybe maybe you can just stall them. Maybe
• 9:27
  Speaker 1: you can just blockade them to death. I doubt that's
• 9:32
  Speaker 1: the case. My guess is that what i Wan does
• 9:36
  Speaker 1: when it can't.
• 9:37
  Speaker 2: Export through the Strait is or through shipping.
• 9:42
  Speaker 1: They put whatever stuff they can export on trains and
• 9:46
  Speaker 1: on trucks and they take it out through through Pakistan
• 9:53
  Speaker 1: to China. They they they they might take it out
• 9:58
  Speaker 1: through uh to Kamanistan to to Russia.
• 10:02
  Speaker 2: So I mean trade is still happening. In Iran.
• 10:06
  Speaker 1: We're not completely killing it because it has long boats
• 10:11
  Speaker 1: with a lot of countries that.
• 10:14
  Speaker 2: You know are quite ready to help them out.
• 10:21
  Speaker 1: So yeah, it's this is you know, this is where
• 10:29
  Speaker 1: we are. No strategy is the key. No strategy, right,
• 10:48
  Speaker 1: So yeah, this.
• 10:50
  Speaker 2: Is Iran fiasco two point zero. I think that's a
• 10:54
  Speaker 2: headline in the in the Washington Post today, an.
• 10:58
  Speaker 1: Opinion piece, and I agree with it. Youan fiasco two
• 11:01
  Speaker 1: point zero. You can't win with no strategy, and.
• 11:08
  Speaker 2: You know the.
• 11:09
  Speaker 1: Strategy has to be Yeah, open the States of homost
• 11:12
  Speaker 1: as quickly as possible, get shipping flowing, and that means
• 11:16
  Speaker 1: a lot of navy assets. And by the way, one
• 11:20
  Speaker 1: thing was interesting about this up ed is that he
• 11:22
  Speaker 1: says something that I said on the first Saturday after
• 11:26
  Speaker 1: the war started.
• 11:31
  Speaker 2: Where's this dumb? Yeah, here's what he says. Every trading nation.
• 11:40
  Speaker 1: Shares an interest with the United States and maintaining freedom
• 11:42
  Speaker 1: of navigation, and it's time for those global partners to
• 11:45
  Speaker 1: join in. And it's a national coalition to keep the
• 11:48
  Speaker 1: straight open. That ought to include military escorts for commercial
• 11:51
  Speaker 1: ships for as long as necessary. With many nations sharing
• 11:54
  Speaker 1: the burden, Trump can collect the contribution from China when
• 11:58
  Speaker 1: President Shi Xingping visits in September.
• 12:01
  Speaker 2: I agree.
• 12:03
  Speaker 1: A case needs to be made around this, but it
• 12:06
  Speaker 1: needs to be a case made, you know, in a friendly,
• 12:11
  Speaker 1: positive way, not in the obnoxious Trump way. A coalition
• 12:18
  Speaker 1: of navies needs to go in there and just escort
• 12:22
  Speaker 1: chips out.
• 12:24
  Speaker 2: And it.
• 12:27
  Speaker 1: Should have been done months ago. It could have been
• 12:30
  Speaker 1: done months ago, could have been done months ago.
• 12:34
  Speaker 2: But no strategy, no strategy. They wing it.
• 12:40
  Speaker 1: They go from week to week, it changes. I mean,
• 12:43
  Speaker 1: for all we know, uh you know Gdvansil. We feel
• 12:46
  Speaker 1: like a Pakistan next week and to sit down and
• 12:50
  Speaker 1: negotiate another MoU with with the Iranians. No strategy, none,
• 12:59
  Speaker 1: and I'm means who knows. Nobody knows exactly what is
• 13:03
  Speaker 1: going to happen, all right, So that's the update, which
• 13:07
  Speaker 1: is not much of an update on Iran.
• 13:10
  Speaker 2: Pathetic. But you know, in anytime you want is bombing US.
• 13:15
  Speaker 1: Bases all over the Gulf, and the US is, it seems,
• 13:20
  Speaker 1: taking casualties at least people are injured. Will see what
• 13:23
  Speaker 1: the casualty reports are when the Pentagon releases them.
• 13:27
  Speaker 2: But damage is being done.
• 13:30
  Speaker 1: You know, this is not costless and the more we just,
• 13:33
  Speaker 1: the more the United States just flounders and weights and
• 13:35
  Speaker 1: hangs around instead of finishing the job, the more potential
• 13:39
  Speaker 1: damage the Uranians could do. Notice one thing, one thing
• 13:45
  Speaker 1: that the Uanians are not doing. The one thing the
• 13:47
  Speaker 1: Uanians are not doing is attacking Israel, and they're not
• 13:51
  Speaker 1: and they're not letting Zabella attack Israelisa either. So they
• 13:56
  Speaker 1: are laying very low when it comes to Israel because
• 14:00
  Speaker 1: they think they can handle Trump.
• 14:02
  Speaker 2: I mean, I'm pretty sure they I'm sure they can
• 14:04
  Speaker 2: handle Trump, but.
• 14:06
  Speaker 1: They can't handle Israel. And they do not want Israel
• 14:09
  Speaker 1: in this world. They do not want Israel bombing Tehran.
• 14:12
  Speaker 1: They do not want Israel taking out this to choose gassets.
• 14:16
  Speaker 1: They don't want to piss off the Israelis. That's a
• 14:20
  Speaker 1: big difference. They have no problem pissing off Donald Trump.
• 14:24
  Speaker 1: They keep sticking their finger in his eye, but they're very,
• 14:30
  Speaker 1: very very cautious not.
• 14:31
  Speaker 2: To go after these Raelis.
• 14:36
  Speaker 1: All right, quick update on ICE yesterday, I told you
• 14:39
  Speaker 1: that ICE.
• 14:41
  Speaker 2: Basically was not going to do any traffic stops anymore
• 14:48
  Speaker 2: because obviously because before they were there was more training.
• 14:53
  Speaker 1: About how to do that properly, and so ICE was
• 14:57
  Speaker 1: kind of backing off from it main tactics of rounding
• 15:04
  Speaker 1: up supposed to illegal immigrants.
• 15:06
  Speaker 2: And you know, this.
• 15:08
  Speaker 1: Tactic is what has caused many of these killings of immigrants,
• 15:17
  Speaker 1: but not always immigrants, right citizens, legal residence. Anyway, Trump
• 15:24
  Speaker 1: is not happy with that, was not happy with that,
• 15:25
  Speaker 1: and today you know, he posted this on truth Social
• 15:32
  Speaker 1: The men and women of ICE are doing a great job,
• 15:35
  Speaker 1: one that has to be done.
• 15:37
  Speaker 2: Why exactly.
• 15:39
  Speaker 1: Crime is way down in America. It is, but it's
• 15:43
  Speaker 1: not down because of ICE. It was going way down
• 15:47
  Speaker 1: before ICE ever showed up on the scene, in many
• 15:50
  Speaker 1: cases with numbers that haven't been seen in decades.
• 15:53
  Speaker 2: That's true.
• 15:54
  Speaker 1: The open boat of policy of Sleepy Joe allowed twenty
• 15:57
  Speaker 1: five million that never keeps increasing. It was twenty million
• 16:00
  Speaker 1: last week, and that it was twenty five million people
• 16:02
  Speaker 1: to pour into our country unchecked and unvetted. Many were criminals,
• 16:07
  Speaker 1: It turns out not that many, because you haven't depoted
• 16:10
  Speaker 1: that many criminals, and we have to get them out.
• 16:13
  Speaker 2: I'm all for getting the criminals out. Go for them,
• 16:15
  Speaker 2: go for it, go get the criminals.
• 16:17
  Speaker 1: In order to do this, we must be strong, tough,
• 16:20
  Speaker 1: and smart, and we cannot give up one of ICE's
• 16:24
  Speaker 1: most important and effect of crime preventing tools. Crime preventing tools,
• 16:29
  Speaker 1: crime preventing tools, the traffic stop. All caps, the traffic stop.
• 16:36
  Speaker 1: I mean, who knew the traffic stop was a major
• 16:42
  Speaker 1: crime preventing tool in the arsenal of American law enforcement?
• 16:45
  Speaker 2: Whoa once we do?
• 16:47
  Speaker 1: We are playing right into the criminals' hands. The radical
• 16:51
  Speaker 1: left Democrats would like to see this done, but it
• 16:55
  Speaker 1: won't happen on my watch. ICE be judicious. Yeah, I
• 17:00
  Speaker 1: don't just shoot people fair and smart.
• 17:04
  Speaker 2: Ooh, I don't know. I don't know.
• 17:06
  Speaker 1: Maybe maybe they can somehow pull out fair. But I'm
• 17:10
  Speaker 1: very dubious about the smart part. Do you really know
• 17:13
  Speaker 1: who you recruiting?
• 17:14
  Speaker 2: VICE?
• 17:15
  Speaker 1: I don't think smart is a necessary qualification to be
• 17:19
  Speaker 1: a member of ICE and go back and do your
• 17:23
  Speaker 1: very important job, keep those crime stat records coming. Crime
• 17:32
  Speaker 1: is down because local police are doing a better job.
• 17:37
  Speaker 1: Crime is down for a variety of reasons. We don't
• 17:39
  Speaker 1: completely know, but I think most of it is just
• 17:44
  Speaker 1: better policing, more policing. My guess is if you increase
• 17:47
  Speaker 1: police even more, crime would be down even more cities
• 17:54
  Speaker 1: that ICE is not particularly active in are also seeing
• 17:58
  Speaker 1: crime go down.
• 17:59
  Speaker 2: So this is a a nationwide phenomena that has little
• 18:03
  Speaker 2: to do with Trump or Ice.
• 18:06
  Speaker 1: And again it started in twenty thirteen, twenty twenty three,
• 18:10
  Speaker 1: in twenty twenty four, and it's a continuation of a
• 18:12
  Speaker 1: trend that really started in nineteen ninety two, which was
• 18:15
  Speaker 1: peak crime, and since then has been declining. With the
• 18:18
  Speaker 1: big blip of COVID. COVID was a source of a
• 18:22
  Speaker 1: massive crime and that's gone. It's come back down. Why exactly,
• 18:27
  Speaker 1: I don't know that anybody really knows what you know,
• 18:31
  Speaker 1: is driven crime down as much as it has come
• 18:36
  Speaker 1: down since the ninety two and today there's a lot
• 18:42
  Speaker 1: of disagreement about experts about what exactly it is. I mean,
• 18:46
  Speaker 1: fewer young people, the fact that generations are smaller helps
• 18:53
  Speaker 1: because the crime is mostly committed by young men. I
• 18:57
  Speaker 1: think better policing tactics that we introduced first I think
• 19:00
  Speaker 1: in New York in the eighties and then sped around
• 19:02
  Speaker 1: the country and today are pretty standard practice getting tougher.
• 19:07
  Speaker 1: I mean we saw in Baltimore that really helped. So, yeah,
• 19:13
  Speaker 1: crime is done and that is good.
• 19:16
  Speaker 2: That is good. So it's a combination of things.
• 19:21
  Speaker 1: But The reality is we don't really know exactly why
• 19:23
  Speaker 1: crime is done. And crime here, I mean the most
• 19:28
  Speaker 1: violent crimes, shootings and and murder. All right, so yes,
• 19:36
  Speaker 1: so don't worry. Traffic stops are back. So if you
• 19:41
  Speaker 1: look hispanic or you look like a foreigner, yeah, don't
• 19:46
  Speaker 1: spiced if you stop by ICE for a traffic stop.
• 19:49
  Speaker 2: But don't worry. Don't worry. You're not being profiled. ICE has.
• 19:56
  Speaker 1: Shured us all that profiling is not something that they do.
• 20:00
  Speaker 1: They don't look at the skin color. They're not They're
• 20:04
  Speaker 1: not asking you questions because you look like a foreigner.
• 20:09
  Speaker 2: These are either.
• 20:09
  Speaker 1: Random checks or they are they have prior information about you.
• 20:14
  Speaker 1: More and more videos are coming out, I guess because
• 20:17
  Speaker 1: of the shootings. People are paying attention more or just
• 20:20
  Speaker 1: or just maybe I'm just seeing the posts more, but
• 20:23
  Speaker 1: more and more photos of ICE just abusing their power
• 20:28
  Speaker 1: against US citizens, legal residents, illegal immigrants, just just harassing
• 20:36
  Speaker 1: and violent, being violent towards uh, non criminals, non criminals,
• 20:46
  Speaker 1: non criminals.
• 20:48
  Speaker 2: Right, all right.
• 20:54
  Speaker 1: We've talked in the past about the Jones Act, but
• 20:56
  Speaker 1: it's always fun to talk about the Jones Act.
• 20:59
  Speaker 2: Think of the Jones Act standing in.
• 21:03
  Speaker 1: For all the stupid, irrational, crazy, nutty regulations that exist
• 21:10
  Speaker 1: out there. The Jones Act is simple to understand. It
• 21:13
  Speaker 1: functions in a very simple way. Everybody gets that. Most
• 21:17
  Speaker 1: of the regulations out there are far more complex, but
• 21:20
  Speaker 1: they have a very very very very similar outcome as
• 21:25
  Speaker 1: Jones Act, and they this source is often very very
• 21:29
  Speaker 1: similar cronyism and the excuse of national security. So remind
• 21:35
  Speaker 1: you the Jones Actor is a nineteen twenty law that
• 21:40
  Speaker 1: was meant to protect the merchant marines. It was meant
• 21:43
  Speaker 1: to protect shipbuilding, commercial ship building in the United States
• 21:47
  Speaker 1: and the merchant marines, Americans who sail, who go on ships.
• 21:52
  Speaker 1: And the reason for this was that during World War One,
• 21:58
  Speaker 1: civilian cargo ships were used in large quantities to transform
• 22:03
  Speaker 1: men and equipment to Europe for the war.
• 22:07
  Speaker 2: And the idea was, in.
• 22:08
  Speaker 1: Nineteen twenty, we need to pass this law to make
• 22:11
  Speaker 1: sure that we continue to have ships, American ships, and
• 22:16
  Speaker 1: they continue to have people who can actually man the ships,
• 22:19
  Speaker 1: so we can take stuff to Europe before even need
• 22:22
  Speaker 1: to again.
• 22:24
  Speaker 2: So this is what the law says.
• 22:26
  Speaker 1: It basically says that between two American ports, two American ports,
• 22:32
  Speaker 1: only a US built a US owned, a US flagged
• 22:40
  Speaker 1: that is registered in the US, and a US crewed
• 22:44
  Speaker 1: ship can travel. So between any two US ports, it
• 22:49
  Speaker 1: has to be built, owned, flagged, manned by Americans in
• 22:54
  Speaker 1: order to transfer stuff. So if you want to ship
• 22:58
  Speaker 1: something from Houston to New York from Jacksonville in New York,
• 23:04
  Speaker 1: you have to use a ship, built.
• 23:07
  Speaker 2: Owned, flagged, crewed by Americans.
• 23:12
  Speaker 1: Over the years, the number of ships built in America
• 23:16
  Speaker 1: has declined dramatically.
• 23:21
  Speaker 2: The Chinese, the Japanese, the Koreans.
• 23:24
  Speaker 1: Are just much much better at it than we are.
• 23:27
  Speaker 1: They build it cheaper, they make it cheaper.
• 23:31
  Speaker 2: And the number of.
• 23:33
  Speaker 1: Jones ACT eligible shipped ships has dropped dramatically. They're only
• 23:40
  Speaker 1: seventy two ships, and certain specialized ships don't exist. Give
• 23:48
  Speaker 1: you an example of what this actually means. It means
• 23:52
  Speaker 1: that if you want to ship an oil barrel a
• 23:55
  Speaker 1: bowl of oil between Houston and New York, it basically
• 24:01
  Speaker 1: costs twice as much as it costs the ship the
• 24:06
  Speaker 1: same bowwl from New York to London. You know, from
• 24:14
  Speaker 1: Houston to New York is oney nine hundred and fifteen
• 24:17
  Speaker 1: nautical miles from London. From New York to London is
• 24:20
  Speaker 1: three thy three hundred and twelve nautical miles. But the
• 24:22
  Speaker 1: reality is from Houston to New York there are only
• 24:24
  Speaker 1: a few ships that can make that route because there
• 24:27
  Speaker 1: are only a few ships that are Jones Act ships,
• 24:32
  Speaker 1: so they can charge you.
• 24:33
  Speaker 2: A lot more money. So they charged twice as much.
• 24:36
  Speaker 1: Is the trip to London with Israel competition because anybody
• 24:39
  Speaker 1: can ship it to London. You can have a ship
• 24:40
  Speaker 1: built anyway in the world and to ship it to London.
• 24:46
  Speaker 2: So the Jones raises prices are pretty much.
• 24:49
  Speaker 1: Everything in America. It's a huge elements in raising prices.
• 24:56
  Speaker 1: I've also talked about the fact that it is the
• 24:59
  Speaker 1: consequence of the Jones Act is a lot of trucking on.
• 25:03
  Speaker 2: Particularly along the coasts.
• 25:05
  Speaker 1: For example that nine ninety five, if you didn't have
• 25:09
  Speaker 1: the Joe's Actor, would be.
• 25:10
  Speaker 2: Let a lot less truck traffic along I ninety five.
• 25:14
  Speaker 1: You wul ship many many more things by ship, which
• 25:17
  Speaker 1: is a lot cheaper when there's no Jones Act than
• 25:19
  Speaker 1: you can use any boat. The result of the Jones
• 25:23
  Speaker 1: Act is it's very difficult to get goods to Puerto
• 25:26
  Speaker 1: Rico from the United States. It's often much easier for
• 25:31
  Speaker 1: Puerto Rico to get goods from places like Europe or Mexico,
• 25:39
  Speaker 1: or South America or the Caribbean Islands, or even China
• 25:41
  Speaker 1: or Russia than it is in the United States because
• 25:45
  Speaker 1: from the United States only a few ships Jones Act
• 25:48
  Speaker 1: ships can go from the US to Puerto Rico in
• 25:51
  Speaker 1: one shot. Now, during this war, President Trump has been
• 25:57
  Speaker 1: eager to try to lower prices, and one of the
• 26:00
  Speaker 1: things that he has done to lower prices is provide
• 26:06
  Speaker 1: a weaver for the Jones Act. Why wouldn't we want
• 26:13
  Speaker 1: to permanently lower prices by repealing the Jones Act. Anyway,
• 26:20
  Speaker 1: this Jones Act waver has allowed, for example, in Puerto Rico,
• 26:25
  Speaker 1: which I care about, a significant amount of more energy
• 26:29
  Speaker 1: to flow to Puerto Rico then typically happens. So, in
• 26:34
  Speaker 1: just one hundred and sixteen days the Jones Act has
• 26:36
  Speaker 1: been waived, more oil and LNG and natural gas have
• 26:41
  Speaker 1: come to Puerto Rico than an entire year's worth when
• 26:46
  Speaker 1: the law is enforced. Basically, Puerto Rico is taking the
• 26:49
  Speaker 1: opportunity to buy lots and lots and lots of oil
• 26:52
  Speaker 1: and natural gas at the lower prices because of the waiver.
• 27:03
  Speaker 1: So yeah, it's it's it's it's it really is.
• 27:09
  Speaker 2: Uh.
• 27:09
  Speaker 1: It really is pretty amazing what you do if you
• 27:15
  Speaker 1: just deregulate a little bit. Huge impacts, huge impacts.
• 27:25
  Speaker 2: So yes, uh, you know the Jones Acts. Uh.
• 27:29
  Speaker 1: And and when you start digging deeper into energy and
• 27:33
  Speaker 1: the Jones Act in Puerto Rico, you just find these
• 27:36
  Speaker 1: incredible absurdities.
• 27:38
  Speaker 2: You know, for years, for example.
• 27:41
  Speaker 1: Puerto Rico was importing natural gas from countries like Russia, Nigeria, Norway,
• 27:51
  Speaker 1: Oman and Egypt. Puerto Rico, which is part of the
• 27:55
  Speaker 1: United States, which has massive, massive reservoirs of natural gas,
• 28:01
  Speaker 1: can't get the natural gas to Puerto Rico because for
• 28:04
  Speaker 1: years there was not a single ling tanker. There was
• 28:08
  Speaker 1: not a single Jones Acted compliant LNG TAC tanker they
• 28:12
  Speaker 1: could transfer oil from Houston.
• 28:15
  Speaker 2: To Puerto Rico.
• 28:19
  Speaker 1: Last year, for the first time the United States, Puerto
• 28:23
  Speaker 1: Rico got a significant percentage of its oil right from
• 28:31
  Speaker 1: the United States. Basically, not oil, natural gas. fIF of
• 28:37
  Speaker 1: Puerto Rico's natural gas last year was LNG And you
• 28:41
  Speaker 1: go last year that was before the repeal of the
• 28:44
  Speaker 1: Jones Act.
• 28:45
  Speaker 2: So what happened. I'm just telling you this story because
• 28:47
  Speaker 2: it illustrates upstood. This whole thing is see here's one.
• 28:53
  Speaker 1: In twenty twenty three, the Customers and Voted Protection Agency
• 28:59
  Speaker 1: conclude that liquefied US pipeline gas on foreign soil transformed
• 29:09
  Speaker 1: it into a new and different product, legally distinct from the.
• 29:15
  Speaker 2: Gas that entered the pipeline.
• 29:18
  Speaker 1: That reclassification as huge consequences. So normally, if you root
• 29:26
  Speaker 1: goods through a third country, it doesn't exempt them from
• 29:30
  Speaker 1: the Jones Act.
• 29:31
  Speaker 2: They're still American goods.
• 29:32
  Speaker 1: The fact that they come from Mexico still can't ship
• 29:34
  Speaker 1: them from Mexico to Puerto Rico unless it's a Jones
• 29:38
  Speaker 1: Act compliant ship because there are American goods, but natural
• 29:44
  Speaker 1: gas somehow, in the process of crossing the border into
• 29:48
  Speaker 1: Mexico in those pipelines and getting on the LNG terminal
• 29:51
  Speaker 1: morphs into a Mexican product. And as a consequence of that,
• 29:58
  Speaker 1: Puerto Rico can import Texas natural gas.
• 30:04
  Speaker 2: From Mexico.
• 30:08
  Speaker 1: Via Mexico's LNG terminal on the coast of Altamira. So
• 30:16
  Speaker 1: Puerto Rico started inputting large quantities of natural gas American
• 30:20
  Speaker 1: natural gas from Mexico, not from America from Mexico because
• 30:25
  Speaker 1: it wasn't classified as American anymore, somehow by some mystical power.
• 30:30
  Speaker 1: So that's one reason, and that constituted thirty five percent
• 30:35
  Speaker 1: of all the island's ELL inputs last year.
• 30:40
  Speaker 2: Second one was interesting.
• 30:44
  Speaker 1: Nineteen ninety six, Congress carved out a narrow exception to
• 30:49
  Speaker 1: the Jones Act.
• 30:51
  Speaker 2: That allowed Fearn built ELLNG.
• 30:53
  Speaker 1: Tankers to serve Puerto Rico, provided they meet the Jones
• 30:59
  Speaker 1: Act other requirements flagged crued US owned so they didn't
• 31:04
  Speaker 1: have to be built in the US. And the second
• 31:09
  Speaker 1: provision of this nineteen ninety six law was that the
• 31:12
  Speaker 1: boat has to have been built before the legislation passed,
• 31:19
  Speaker 1: so before October nineteen ninety six, I mean all to
• 31:23
  Speaker 1: protect the merchant marines and American shipbuilders. Truly insane anyway,
• 31:32
  Speaker 1: It turns out that for many years nobody, actually no
• 31:36
  Speaker 1: American shipping company bought any ships like this. But in
• 31:38
  Speaker 1: late twenty twenty four, US shipping company Colely purchased a
• 31:44
  Speaker 1: qualifying ship, a Steam Toby, a steam turb by an
• 31:47
  Speaker 1: LNG carrier that was built by our French shipyard in
• 31:52
  Speaker 1: nineteen ninety four, so before the legislation passed, they renamed
• 31:56
  Speaker 1: it American Energy and it enters service in March twenty
• 32:01
  Speaker 1: twenty five and now regularly shuttles between the Gulf Coast
• 32:07
  Speaker 1: and Puerto Rico. And it provided the additional percentages of
• 32:12
  Speaker 1: natural gas to Puerto Rico last year which allowed it
• 32:15
  Speaker 1: from Houston directly to Puerto Rico. But it's one ship
• 32:19
  Speaker 1: going back and forth, back and foot, back and foot.
• 32:24
  Speaker 1: It can't handle all the Puerto Rico's needs on its own.
• 32:28
  Speaker 1: And it's thirty two years old. The ship, it's one
• 32:32
  Speaker 1: of the world's oldest actively traded LNG carriers.
• 32:38
  Speaker 2: There only two.
• 32:39
  Speaker 1: Vessels worldwide that are older out of a global feet fleet.
• 32:44
  Speaker 2: Of seven hundred.
• 32:49
  Speaker 1: So you know, she's an old boat and she's going
• 32:54
  Speaker 1: to be scrapped at some point. She's a lot less less,
• 32:58
  Speaker 1: a lot less fuel than modern boats. And again the
• 33:03
  Speaker 1: natural gas that she delivers is probably more expensive. So
• 33:07
  Speaker 1: made a little progress. The waiver is progress, but it's
• 33:13
  Speaker 1: all just, I mean, a joke. Why not just repeal backed?
• 33:17
  Speaker 1: Why Well, because there are you know, Trump and Republicans
• 33:24
  Speaker 1: and Democrats, they have somebody to lobby them constantly to
• 33:28
  Speaker 1: keep the Jones Act. The merchant marines, there are not
• 33:30
  Speaker 1: a lot of them. The owners of the seventy two
• 33:35
  Speaker 1: boats who make a tidy profit because they have their
• 33:39
  Speaker 1: you know, it's it's kind of monopoly pricing, almost right,
• 33:43
  Speaker 1: government protected monopoly. Who's going to lobby to appeal the
• 33:51
  Speaker 1: Jones Ach Puerto Rico, use Virgin.
• 33:53
  Speaker 2: Islands, Hawaii anyway?
• 34:00
  Speaker 1: Oh way, It just gives you an example of a
• 34:03
  Speaker 1: law passed over one hundred years ago that is meaningless,
• 34:08
  Speaker 1: so there's no purpose. Raises the cost of living for Americans, significantly,
• 34:12
  Speaker 1: raises the cost of living Puerto Ricans, but the s
• 34:17
  Speaker 1: thoughts trade within the United States significantly. Maybe the trucking
• 34:22
  Speaker 1: union supports the Jones Act. Maybe it's trucks, and maybe
• 34:24
  Speaker 1: when maybe when we turn trucks into robots and the
• 34:28
  Speaker 1: normal trucking jobs, maybe then they'll consider repealing the Jones Acs.
• 34:32
  Speaker 2: I don't know, but here's it would be simple. Just
• 34:35
  Speaker 2: repeal it.
• 34:37
  Speaker 1: You know, there's no national security issue because these seventy
• 34:39
  Speaker 1: two voats are not going to be crucial to moving
• 34:41
  Speaker 1: stuff around the world.
• 34:45
  Speaker 2: We're not.
• 34:47
  Speaker 1: You know, we're not moving troops like we did in
• 34:50
  Speaker 1: World War One and World War Two.
• 34:53
  Speaker 2: All it needs is repeal.
• 34:56
  Speaker 1: It's simple, straightforward, uncomplicated, No old big time victims can't
• 35:02
  Speaker 1: even do that. The Republicans have the President, the House,
• 35:06
  Speaker 1: and the Senate. They can't repeal the Jones Act. It's
• 35:10
  Speaker 1: stunningly amazingly stupid, all right, talk about stunningly amazingly stupid.
• 35:20
  Speaker 1: Congress Republicans and Democrats finally found a topic that they
• 35:27
  Speaker 1: agree on, and the House just passed a law by
• 35:32
  Speaker 1: a huge majority, bipartisan. It's going to the Senate, huge
• 35:37
  Speaker 1: It's probably going to pass there a huge majority. Trump
• 35:39
  Speaker 1: has already said he's going to sign it. And the
• 35:43
  Speaker 1: bill basically makes daylight saving time permanent, permanent, so it's
• 35:51
  Speaker 1: going to be daylight saving time.
• 35:55
  Speaker 2: For good if this bill passes.
• 35:59
  Speaker 1: Now, well, I'm awful getting rid of this changing the
• 36:02
  Speaker 1: clocks every five minutes every few months.
• 36:05
  Speaker 2: I mean, I find it annoying.
• 36:07
  Speaker 1: We don't change the clocks in Puerto Rico, so we
• 36:09
  Speaker 1: shift from being ahead of Eastern Time to being on
• 36:12
  Speaker 1: Easter Time, and it's just confusing. It will be easier,
• 36:16
  Speaker 1: so appeal daylight saving time. I'm happy it doesn't affect
• 36:19
  Speaker 1: me because we don't have it anyway, and it basically
• 36:24
  Speaker 1: I'm now an Eastern time and stay on Eastern time
• 36:26
  Speaker 1: all year round.
• 36:27
  Speaker 2: That makes life easy.
• 36:30
  Speaker 1: But here's the thing. Daylight saving time basically makes sunset
• 36:38
  Speaker 1: sunrise sunset later and sunrise no sunrise later. It makes
• 36:46
  Speaker 1: sunrise later. So if you had daylight saving time during
• 36:56
  Speaker 1: the winter months, let's say late December, it's going to
• 37:01
  Speaker 1: be dark for you guys in dark places well into
• 37:06
  Speaker 1: the morning. Just to give you an example, in Detroit, Michigan, Michigan, Hey, Michiganians.
• 37:14
  Speaker 1: In Detroit, sunrise will be at nine am, nine am.
• 37:21
  Speaker 1: It's pretty bootle same in Seattle eight fifty five, Chicago
• 37:26
  Speaker 1: eight fifteen, Washington, DC eight twenty five, New York City
• 37:30
  Speaker 1: eight fifteen. So that's a late sunrise. So it's going
• 37:34
  Speaker 1: to be dark until nine am, which means kids will
• 37:38
  Speaker 1: be going to school in the dark, people will be
• 37:41
  Speaker 1: driving to work in the dark. Now, it's true that
• 37:45
  Speaker 1: it'll be late for next hour. So I don't know
• 37:49
  Speaker 1: what matters more, but it seems no matter what you do,
• 37:53
  Speaker 1: people are going to be upset. But why not just
• 37:58
  Speaker 1: you know, do you know the history of of the
• 38:00
  Speaker 1: whole time zones? How do we have time zones? It
• 38:04
  Speaker 1: turns out the time zones are a product of capitalism.
• 38:08
  Speaker 1: Time zones are a product of capitalism.
• 38:13
  Speaker 2: You didn't know that. I don't think you knew that.
• 38:17
  Speaker 1: Like, originally there were no time zones in the United States.
• 38:23
  Speaker 1: People people you know, in local towns would decide on
• 38:29
  Speaker 1: the clock. They would set the clock to whatever they
• 38:33
  Speaker 1: thought was reasonable. And indeed it was indeed the fact
• 38:41
  Speaker 1: that different towns had different in very similar areas had
• 38:47
  Speaker 1: different times, but it didn't matter because there was very
• 38:50
  Speaker 1: little communication. But this became really, really, really difficult when
• 38:57
  Speaker 1: the railroads came to town. The railroads wanted to publish
• 39:01
  Speaker 1: schedules and they wanted to be able to coordinate the
• 39:04
  Speaker 1: schedules across vast distances. So what happened was that in
• 39:11
  Speaker 1: eighteen eighty three, the railroads adopted standardized time zones in
• 39:19
  Speaker 1: eighteen eighty three, so that the trains could run on time,
• 39:25
  Speaker 1: so that people knew when the train was coming to town,
• 39:28
  Speaker 1: they could publish schedules, and people could manage their lives.
• 39:33
  Speaker 1: Government never did it. The railroads did, and it didn't
• 39:39
  Speaker 1: become law in the United States. That is, the federal
• 39:42
  Speaker 1: government did not formally establish these zones or recognize the
• 39:47
  Speaker 1: zones created by the railroads.
• 39:49
  Speaker 2: Until nineteen eighteen.
• 39:54
  Speaker 1: In nineteen eighteen, the federal government gave your cognition to
• 39:56
  Speaker 1: America's standard time zones and is ablished a nationwide daylight
• 40:01
  Speaker 1: saving time for the war in order supposed to save
• 40:07
  Speaker 1: an energy lengthen the day save on energy, so they
• 40:14
  Speaker 1: actually advanced the clock on March thirty first, nineteen eighteen
• 40:17
  Speaker 1: for the first time. Supporters believe the change would reduce
• 40:21
  Speaker 1: evening demand for artificial lighting and conserve fuel for the war,
• 40:27
  Speaker 1: but the policy was very unpopular. In spite of what
• 40:29
  Speaker 1: a lot of people could think. Farmers hated it. Daylight
• 40:35
  Speaker 1: saving time was not something they wanted because livestock and agriculture,
• 40:41
  Speaker 1: don't you know, they follow sunlight, they don't follow the clock.
• 40:46
  Speaker 1: Moving the clock does not help farmers and it screws
• 40:50
  Speaker 1: up kind of their schedule. After World War One, Congress
• 40:55
  Speaker 1: voted to repeal the daylight saving requirement, keeping the time
• 40:59
  Speaker 1: zones repealing the requirement. Wood Wilson veto the appeal, but Congress.
• 41:07
  Speaker 2: Have ruled him.
• 41:09
  Speaker 1: Daylight saving time then became a local decision. Some cities,
• 41:14
  Speaker 1: especially in major commercial and financial centers, continued using it,
• 41:19
  Speaker 1: while much of rural America did not.
• 41:21
  Speaker 2: So farmers didn't want it.
• 41:24
  Speaker 1: New York City's financial importance encouraged many cities to follow
• 41:27
  Speaker 1: its schedule, so when New York City changed the daylight
• 41:31
  Speaker 1: saving the rest of the major cities did as well.
• 41:35
  Speaker 1: So there was a lot of inconsistencies. Neighboring communities could
• 41:40
  Speaker 1: operate on different times, even though they were geographically in
• 41:43
  Speaker 1: the same time zone, because some did daylight saving and
• 41:47
  Speaker 1: others didn't. Then, during World War Two from forty two
• 41:50
  Speaker 1: to forty five, President FDR instituted year round daylight saving
• 41:56
  Speaker 1: beginning in nineteen forty two, again with the purpose of
• 42:00
  Speaker 1: trying to save on electricity. They called it Eastern Wartime,
• 42:05
  Speaker 1: Central Wartime, Pacific Wartime. Year round time remained in effect
• 42:11
  Speaker 1: until September thirtieth, nineteen forty five, and.
• 42:15
  Speaker 2: The justification was energy conservation.
• 42:19
  Speaker 1: From nineteen forty five to nineteen sixty six, again daylight
• 42:25
  Speaker 1: saving times was left to states and localities, But then
• 42:30
  Speaker 1: by then there was again a patchwork and it was
• 42:32
  Speaker 1: a mess. And then by early nineteen sixty some states
• 42:36
  Speaker 1: started observing daylight saving time statewide, others rejected it. Some
• 42:40
  Speaker 1: allowed individual cities and counties to decide. Some communities, you know,
• 42:47
  Speaker 1: adopted it, some ended it, so it was a complete mess,
• 42:51
  Speaker 1: and bus, airline, railroad broadcast schedules were very difficult to coordinate.
• 42:56
  Speaker 2: What time zoner you are on.
• 43:00
  Speaker 1: Sixty six contracts again responded with the Uniform Time Act
• 43:05
  Speaker 1: of nineteen sixty six. It didn't require every state to
• 43:09
  Speaker 1: use daylight saving Time, but it required uniform beginning and
• 43:14
  Speaker 1: ending dates wherever it was observed. States were permitted to
• 43:20
  Speaker 1: exempt themselves, for example Arizona, but generally had to do
• 43:23
  Speaker 1: so on a state right basis or the entire portion
• 43:27
  Speaker 1: of a state lying within one time zone. The original
• 43:33
  Speaker 1: federal schedule ran from the last Sunday in April through
• 43:36
  Speaker 1: the last Sunday in October, but then over the years
• 43:40
  Speaker 1: they kept changing that. After the during the mid nineteen seventies,
• 43:43
  Speaker 1: during the oil crisis, they established a nearly year round
• 43:49
  Speaker 1: daylight saving time to save energy. Again, in nineteen eighty six,
• 43:56
  Speaker 1: they basically started, you know, but you know, they started
• 44:01
  Speaker 1: an experiment nineteen seventy four, almost but then that was repealed,
• 44:06
  Speaker 1: and then nineteen eighty six Congress amended the law, and
• 44:10
  Speaker 1: beginning in nineteen eighty seven, daylight saving time started on
• 44:13
  Speaker 1: the first Sunday in April rather than the last Sunday,
• 44:16
  Speaker 1: and the ending date remained.
• 44:17
  Speaker 2: The last Sunday in October.
• 44:19
  Speaker 1: And then in the two thousands, in the Energy Policy
• 44:24
  Speaker 1: Act of two thousand and five, they extended daylight saving
• 44:27
  Speaker 1: time BIPARX eighty four weeks. So now it starts on
• 44:33
  Speaker 1: the second Sunday in March and ends on the first
• 44:35
  Speaker 1: Sunday in November.
• 44:38
  Speaker 2: And this is federal law.
• 44:41
  Speaker 1: The current law suggests daylight saving time three out sixty
• 44:44
  Speaker 1: five days a year.
• 44:46
  Speaker 2: I mean, look, Congress has done all the important stuff,
• 44:49
  Speaker 2: like right, I mean, we've dealt with the national debt.
• 44:53
  Speaker 2: Oh wait, maybe not.
• 44:56
  Speaker 1: I think it just reached just under forty trillion to trillion,
• 45:01
  Speaker 1: just under forty trillion, and it's going to be this year,
• 45:04
  Speaker 1: this fiscal year, it'll increase by the largest amount ever,
• 45:11
  Speaker 1: very close to two trillion.
• 45:14
  Speaker 2: So yeah, so they've had another deal with thatb that
• 45:17
  Speaker 2: is hard.
• 45:17
  Speaker 1: But they've solved the security and medicare problem, the unfunded liabilities. No,
• 45:23
  Speaker 1: I guess they haven't done that either, So so yeah,
• 45:26
  Speaker 1: why not do daylight saving times?
• 45:28
  Speaker 2: They haven't done the important.
• 45:29
  Speaker 1: Stuff, and then you know, they they've solved the problem
• 45:32
  Speaker 1: of kind of.
• 45:35
  Speaker 2: Too much power for the executive. I don't know.
• 45:38
  Speaker 1: Now Congress is suiting itself with the daylight saving time bill.
• 45:42
  Speaker 1: I mean, it's great to see Congress finally doing something. Anyway,
• 45:49
  Speaker 1: it's going to be interesting to see what happens when
• 45:53
  Speaker 1: this is all passed and people start complaining when children
• 45:57
  Speaker 1: have to go to school in darkness, where morning commutes
• 46:02
  Speaker 1: are in the dark with the reduced visibility, when drivers
• 46:06
  Speaker 1: and pedestrians already sleepy because they just woke up. You
• 46:12
  Speaker 1: know what about construction that usually starts early in the morning.
• 46:16
  Speaker 1: It's going to be dark now, So it'll be interesting.
• 46:19
  Speaker 1: It'll be interesting to see how people have sponsored this
• 46:22
  Speaker 1: and what Congress does and whether its repeals just repeal,
• 46:25
  Speaker 1: you know, whether it repeals this or not. Yeah, we
• 46:29
  Speaker 1: could do Alan says, let's just do thirty minutes and
• 46:32
  Speaker 1: split the difference.
• 46:33
  Speaker 2: Yeah, I mean that's good.
• 46:34
  Speaker 1: We could do thirty and a half minutes, just to
• 46:36
  Speaker 1: complicate everybody's lives even more. Yeah, crazy, stupid, classic Congress.
• 46:42
  Speaker 2: Let's do the important stuff now.
• 46:44
  Speaker 1: Put stuff that's important, all right, talk about the important stuff.
• 46:48
  Speaker 1: The state of New York. A state of New York
• 46:51
  Speaker 1: is now leader in the country. It is the first state,
• 46:55
  Speaker 1: the first state to adopt a one year moratorium on
• 46:59
  Speaker 1: data centers. God forbid, Right, data centers are just.
• 47:05
  Speaker 2: These horrible things.
• 47:06
  Speaker 1: They eat up all your electricity, and they drive electricity
• 47:10
  Speaker 1: prices up.
• 47:11
  Speaker 2: They consume so much water.
• 47:16
  Speaker 1: We're gonna we're all gonna, you know, there's just not
• 47:19
  Speaker 1: enough water in the world to feed, particularly in New York,
• 47:22
  Speaker 1: for all these data centers.
• 47:24
  Speaker 2: Right, and of course they actually drive they make possible
• 47:31
  Speaker 2: the greatest devil of the.
• 47:33
  Speaker 1: Twenty first century artificial intelligence, which is really, really, really scary.
• 47:40
  Speaker 1: It might kill us all, or it might take all
• 47:43
  Speaker 1: of our jobs, or it might just I don't know,
• 47:46
  Speaker 1: turn us enslave us or I mean, for sure, bad
• 47:51
  Speaker 1: things are gonna happen. So let's have a moratorium on
• 47:55
  Speaker 1: the brains. Let's have a moratorium on growth, on development.
• 48:01
  Speaker 1: Let's stagnate yayag. I mean, most of the growth in
• 48:05
  Speaker 1: the US economy right now, a significant percentage of the
• 48:07
  Speaker 1: growth in the US economy right now, comes from the
• 48:11
  Speaker 1: building of AI data centers.
• 48:14
  Speaker 2: New York doesn't want any of that. They don't want
• 48:15
  Speaker 2: any of that. I mean, people are afraid of AI
• 48:25
  Speaker 2: taking jobs.
• 48:26
  Speaker 1: But the way we improve standards living is by destroying
• 48:31
  Speaker 1: jobs and creating better, more productive different ones.
• 48:38
  Speaker 2: WAA.
• 48:39
  Speaker 1: I mean, I've showed in past shows that data centers
• 48:43
  Speaker 1: do not consume huge amounts of water. Nothing is compared
• 48:45
  Speaker 1: to I don't know, the almond industry in California, a
• 48:48
  Speaker 1: drought ridden place. Anyway, It's pretty astounding the kind of the.
• 48:59
  Speaker 2: The the.
• 49:02
  Speaker 1: Session you yourkay, or just generally the anti AI frenzy
• 49:06
  Speaker 1: that is out there is like this massive panic right
• 49:08
  Speaker 1: now about AI. It's you know, America has a choice
• 49:17
  Speaker 1: to make, it really does. We could build, we could create,
• 49:23
  Speaker 1: we could you know, build the infrastructure that is going
• 49:27
  Speaker 1: to power this economy for the next few decades, who
• 49:31
  Speaker 1: knows for how long, and we could continue to grow
• 49:36
  Speaker 1: our economy and we could continue to be the dominant
• 49:41
  Speaker 1: player in the world economically and militarily. Or we could
• 49:47
  Speaker 1: embrace the mall panic, the hysteria, the Luddites. We can
• 49:53
  Speaker 1: ban the future, and then when jobs really go away
• 49:58
  Speaker 1: and money really drives up up and growth really disappears,
• 50:03
  Speaker 1: and we stagnate and maybe even go into an economic
• 50:07
  Speaker 1: crisis and other countries like China overtake.
• 50:11
  Speaker 2: Us, we can act. Surprise, I don't know, and it's.
• 50:18
  Speaker 1: Not like, oh no, we have to build data centers
• 50:21
  Speaker 1: because China is building data centers. This is not a competition.
• 50:26
  Speaker 1: This is not about competition. This is about prosperity. It's
• 50:34
  Speaker 1: about growth, It's about improvement, it's about being better. It's
• 50:40
  Speaker 1: about I mean, I don't want to be the good
• 50:43
  Speaker 1: at what I do because I want to beat.
• 50:46
  Speaker 2: Joe over there.
• 50:47
  Speaker 1: I want to be the best that I can be
• 50:49
  Speaker 1: because that's how I want to live my life. That's
• 50:54
  Speaker 1: how we know. I teain self esteem, that's what's going
• 50:57
  Speaker 1: to make me happy. The fact that I be Joe
• 51:00
  Speaker 1: is irrelevant. I mean, maybe it's relevant economically. So it's
• 51:07
  Speaker 1: not about China. It's about us. Do we want to
• 51:11
  Speaker 1: be good? Do we want to grow? Do we want
• 51:13
  Speaker 1: to be successful? Do we want to have a flourishing economy.
• 51:17
  Speaker 1: Do we want to kids toaff good paying jobs. Do
• 51:19
  Speaker 1: we want to have ourselves good paying jobs?
• 51:21
  Speaker 2: Do we want to have great AI to improve our
• 51:25
  Speaker 2: lives significantly? It's about us. It's about being selfish. That's
• 51:31
  Speaker 2: what it means to defend data centers.
• 51:38
  Speaker 1: And by the way, there is a there's a graphia
• 51:42
  Speaker 1: load growth versus residential price changes And what's interesting about
• 51:48
  Speaker 1: this is the more data centers increase demand for electricity,
• 51:54
  Speaker 1: residential prices actually either flat or go down. And there's
• 51:58
  Speaker 1: a reason for this. There's a reason for this because
• 52:04
  Speaker 1: as data centers come into your neighborhood or into your town,
• 52:07
  Speaker 1: into your county, or into your state, power generators ramp
• 52:13
  Speaker 1: up production. They dramatically increase the amount of electricity that
• 52:20
  Speaker 1: they're going to consume they're going to produce, which keeps
• 52:26
  Speaker 1: prices either stable or sometimes because they're building out so much,
• 52:32
  Speaker 1: lowest prices for some consumers. But there's literally no reasonablieve
• 52:38
  Speaker 1: that if we allow the building power plants that bring
• 52:45
  Speaker 1: in data centers is going to uh, you know, increase residential.
• 52:53
  Speaker 2: Prices.
• 52:54
  Speaker 1: Indeed, residential prices. The state that has the highest increase
• 52:58
  Speaker 1: in residential prices from twenty nineteen to twenty twenty five
• 53:02
  Speaker 1: was California. California is not building data centers, not building
• 53:10
  Speaker 1: you know, massive warehouses with silvers in them. So no,
• 53:20
  Speaker 1: all right, watch from New York. Oh, this one's a
• 53:25
  Speaker 1: funny one.
• 53:27
  Speaker 2: You'll enjoy this one.
• 53:28
  Speaker 1: So this is under you can categorize this under California
• 53:32
  Speaker 1: insanity or do you remember a show called bullshit by
• 53:40
  Speaker 1: the what do you call it? Penninella's Bullshit? Then an
• 53:44
  Speaker 1: opposite episode that reminds me of this story. Okay, here's
• 53:48
  Speaker 1: the story.
• 53:49
  Speaker 2: City of Sacramento has launched an initiative where City Recycling
• 53:54
  Speaker 2: and Solid Waste Cruise will briefly lid lift the.
• 54:00
  Speaker 1: Lids of crookside garbage recycling on organic waste bins to
• 54:06
  Speaker 1: inspect their contents, take photos for record keeping, and leave
• 54:12
  Speaker 1: feedback tags on the lids. Oh, you put the plastics
• 54:18
  Speaker 1: with the with the with the garbage, or you put
• 54:20
  Speaker 1: the garbage with the you put inorganic with the organic,
• 54:24
  Speaker 1: or you you can you believe that your tax payer
• 54:30
  Speaker 1: money is going to be devoted to sending people to
• 54:35
  Speaker 1: lift the lids of the four mandated garbage uh disposal
• 54:43
  Speaker 1: that are required in the state of California, but in
• 54:46
  Speaker 1: the City of Sacramento, and then that is going to
• 54:50
  Speaker 1: be inspected by.
• 54:54
  Speaker 2: You know what do they call them officials? Officials from
• 54:59
  Speaker 2: from the cups cups from the.
• 55:01
  Speaker 1: Solid Waist Cruise, and they're gonna give grades. Well, they're
• 55:05
  Speaker 1: not gonna give grades, but they're gonna give you. They're
• 55:07
  Speaker 1: gonna give you a uh. They're gonna give you a
• 55:10
  Speaker 1: a educational tag. Bins with correctly sordid waste will receive
• 55:16
  Speaker 1: great job.
• 55:18
  Speaker 2: Well.
• 55:18
  Speaker 1: Bins with misplaced waste received.
• 55:21
  Speaker 2: Let's sort this out or oops? Oops? Oops? Can you imagine?
• 55:26
  Speaker 2: Can you imagine getting it oops.
• 55:29
  Speaker 1: On your organic waist garbage bin?
• 55:34
  Speaker 2: Oops.
• 55:38
  Speaker 1: The inspections are highly targeted. They're audit roughly five thousand
• 55:42
  Speaker 1: households out of one hundred and thirty five thousand customers.
• 55:45
  Speaker 1: They should have come, they should have come to me
• 55:48
  Speaker 1: in California. I used to mix them up on purpose,
• 55:51
  Speaker 1: like you're gonna force me to recycle?
• 55:52
  Speaker 2: Screw you?
• 55:54
  Speaker 1: So yeah, God. They say they're no fines for now.
• 56:01
  Speaker 1: The program is strictly educational. As if people don't know
• 56:04
  Speaker 1: what they're doing, well, becus visually inspect items on top
• 56:07
  Speaker 1: and take photos, but they're instructor not to dig through
• 56:11
  Speaker 1: or remove items from the bin.
• 56:16
  Speaker 2: Oops. Oh.
• 56:19
  Speaker 1: There was this episode of Penn and Teller's Bullshit where
• 56:23
  Speaker 1: they go to California couple and they tell them, look, uh,
• 56:27
  Speaker 1: the the new regulations are going to require you to
• 56:30
  Speaker 1: have ten bins, and you're gonna have to be able
• 56:35
  Speaker 1: to sort out the garbage into these ten bins plastic
• 56:38
  Speaker 1: and metal and recycled and organic and all the you know,
• 56:44
  Speaker 1: so ten different bins and they say, you know, we want,
• 56:48
  Speaker 1: we wanna, we wanna, we wanna, We want to train
• 56:52
  Speaker 1: you in how to do this. So they they drop
• 56:57
  Speaker 1: a bunch of garbage in these people's fund God, and
• 57:00
  Speaker 1: they lay out the ten bins and they tell them
• 57:03
  Speaker 1: to sort it. And you see these idiotic, stupid Californians
• 57:12
  Speaker 1: trying to sort the garbage that is there. You know
• 57:15
  Speaker 1: which bend it should go? What is is it organic?
• 57:18
  Speaker 2: You know? I guess you have to smell it? Or
• 57:20
  Speaker 2: is this a dirty dipo?
• 57:21
  Speaker 1: Is it a It was just one of the funniest,
• 57:25
  Speaker 1: most embarrassing, stupidest thing ever.
• 57:27
  Speaker 2: Of course it was all. It was all a scam,
• 57:29
  Speaker 2: but it was perfect.
• 57:31
  Speaker 1: It was perfect because it shows and these are Californians
• 57:34
  Speaker 1: who believe in it.
• 57:35
  Speaker 2: They believe in the cars, they.
• 57:36
  Speaker 1: Believe in recycling. Recycling is one of the dumbest things ever.
• 57:40
  Speaker 1: If recycling was good, If recycling was good, it would
• 57:43
  Speaker 1: make money. If it made money, then they'd pay you
• 57:45
  Speaker 1: to do it. The fact that they're not paying you
• 57:47
  Speaker 1: to do it is an indication that.
• 57:50
  Speaker 2: It's a scam. It's absolutely a scam.
• 58:00
  Speaker 3: Right.
• 58:05
  Speaker 2: Anyway, unbelievable.
• 58:12
  Speaker 1: Uh, California. Yeah, but it's only educational. Still worry, it's
• 58:19
  Speaker 1: only educational. It's not real, only educational.
• 58:25
  Speaker 2: All right.
• 58:26
  Speaker 1: This is just uh, this is a quickie. This is
• 58:29
  Speaker 1: very quick. This is a tweet by Alexander Dugan. And
• 58:34
  Speaker 1: I don't think I have to say anything or explain anything.
• 58:39
  Speaker 2: And it's a short tweet. But this is Alexander Dugan.
• 58:42
  Speaker 2: This is the guy. We should be clear who execder
• 58:44
  Speaker 2: Dugan is.
• 58:45
  Speaker 1: Suppose that he's the whisperer to Putin. Not clear how
• 58:49
  Speaker 1: much influence he really has on Putin, but he is
• 58:52
  Speaker 1: thought of as as Putin's philosopher. Dugan is also admired
• 58:58
  Speaker 1: by many on the American right. Takakossen interviewed him when
• 59:03
  Speaker 1: he was in Russia, but many on the right considered
• 59:07
  Speaker 1: Dugan a great philosopher. Even Jordan Peterson has talked, you
• 59:12
  Speaker 1: know a little bit positively. I don't think really positively,
• 59:14
  Speaker 1: but a little bit taught positively about Dugan.
• 59:19
  Speaker 2: Dugan is.
• 59:21
  Speaker 1: Dugan's videos all over the place. Lauren Somers, who somebody
• 59:27
  Speaker 1: mentioned the other day, interviewed him extensively in a fawning interview.
• 59:31
  Speaker 2: She just fawn.
• 59:32
  Speaker 1: He has five hundred thousand followers on Twitter, and this
• 59:36
  Speaker 1: is a tweet he published five days ago. Coote, the
• 59:42
  Speaker 1: very concept of success is deeply immoral. If you are successful,
• 59:49
  Speaker 1: the other is a loser. We shouldn't accept it. We
• 59:55
  Speaker 1: should prosper or suffer together. Otherwise it is satanic. Yeah,
• 1:00:09
  Speaker 1: Dugan doesn't like Iran. He's red Ironrand. He doesn't like Iran.
• 1:00:13
  Speaker 1: I'm sure you're shocked after reading this. I'm gonna read
• 1:00:15
  Speaker 1: it to you again. The very concept of success, of
• 1:00:19
  Speaker 1: the success is deeply immoral. If you're successful, the other
• 1:00:25
  Speaker 1: is a loser. We shouldn't accept it. We should prosper
• 1:00:30
  Speaker 1: or suffer together. Otherwise it is satanic. Zero some thinking
• 1:00:45
  Speaker 1: Egalitarianism on steroids, Christianity, Orthodox Christianity on speed. I mean
• 1:00:58
  Speaker 1: he is a Christian Orthodox us, a postmodernist. He's a religionist, traditionalist,
• 1:01:07
  Speaker 1: ultra conservative, postmodernist.
• 1:01:14
  Speaker 2: I just thought, i'd, you know, share that pull of
• 1:01:16
  Speaker 2: wisdom with you guys, so you know what's going on
• 1:01:19
  Speaker 2: in the world. Let's see PayPal.
• 1:01:32
  Speaker 1: Yeah, this is a story that I saw this afternoon.
• 1:01:35
  Speaker 1: Stripe has teamed up with a private equity fund Advent,
• 1:01:41
  Speaker 1: and they have made a bid for PayPal. They're making
• 1:01:46
  Speaker 1: a fifty three billion dollar bid to take over PayPal.
• 1:01:52
  Speaker 2: The stock is way up. PayPal stock is way up because.
• 1:01:56
  Speaker 1: This is a lot higher than its market the value
• 1:02:00
  Speaker 1: of the stock right now.
• 1:02:03
  Speaker 2: And yeah, it's it should be really interesting if this
• 1:02:10
  Speaker 2: actually happens.
• 1:02:12
  Speaker 1: Stripe is again as a very successful payment system, right
• 1:02:20
  Speaker 1: and PayPal you all know PayPal, you all, I'm sure
• 1:02:22
  Speaker 1: use PayPal, you know. So, PayPal's board is going to
• 1:02:29
  Speaker 1: meet soon in about a week to discuss the offer,
• 1:02:34
  Speaker 1: and it includes fifty billion in committed bank financing, and
• 1:02:42
  Speaker 1: it values PayPal the twenty eight percent premium on a closing.
• 1:02:44
  Speaker 2: Price this last Tuesday.
• 1:02:48
  Speaker 1: So yeah, I mean, Stripe thinks that they can get
• 1:02:54
  Speaker 1: more value out of PayPal than current management can get.
• 1:03:00
  Speaker 2: Out of PayPal.
• 1:03:03
  Speaker 1: The whole financial payment landscape is, you know, incredibly incredibly competitive,
• 1:03:12
  Speaker 1: and PayPal is not being able I guess to really stay,
• 1:03:17
  Speaker 1: you know, be incredibly profitable. Stripe, on the other hand,
• 1:03:22
  Speaker 1: is valued at around one hundred and fifty nine billion
• 1:03:24
  Speaker 1: dollars one hundred and fifty nine billion dollars, and it
• 1:03:31
  Speaker 1: controls much of the back end of the payment systems
• 1:03:35
  Speaker 1: out there in the world.
• 1:03:35
  Speaker 2: When you swipe a credit card at.
• 1:03:37
  Speaker 1: A restaurant, it's probably going through a Stripe network, and
• 1:03:41
  Speaker 1: now they will have a direct payment system Stripe. I
• 1:03:44
  Speaker 1: think PayPal also owns Venmo, so two of the more
• 1:03:48
  Speaker 1: popular payment methods in the US. So we will see,
• 1:03:54
  Speaker 1: We'll see what happens. It is interesting. I'm always interested
• 1:03:56
  Speaker 1: in these kind of financial deals. PayPal, of course, is
• 1:03:59
  Speaker 1: also famous because PayPal was there was founded in the
• 1:04:04
  Speaker 1: in the two thousands and was founded by Peter TiO
• 1:04:10
  Speaker 1: and Elonnmusk was part of the team at some point,
• 1:04:13
  Speaker 1: as were a bunch of other very very famous was
• 1:04:18
  Speaker 1: you know Silicon Valley personalities. So many of the companies
• 1:04:24
  Speaker 1: that have done well in Silicon Valley in the last
• 1:04:27
  Speaker 1: fifteen years were companies founded by people who worked at PayPal.
• 1:04:33
  Speaker 2: Indeed, there's a.
• 1:04:34
  Speaker 1: Whole concept of the PayPal mafia in Silicon Valley. Many
• 1:04:40
  Speaker 1: of the people who founded PayPal went on to become
• 1:04:44
  Speaker 1: venture capitalists or to found their own companies, and they've
• 1:04:48
  Speaker 1: all been outrageously successful. Oh wait a minute, you know,
• 1:04:53
  Speaker 1: success is evil. We were just told by Dugan, So
• 1:04:58
  Speaker 1: it will be it will be interesting to see what
• 1:05:02
  Speaker 1: happens here. And you know, if PayPal goes away on
• 1:05:07
  Speaker 1: the stripe, it'll be an interesting arc from its founding
• 1:05:12
  Speaker 1: from eBay buying it. You remember eBay bought it and
• 1:05:15
  Speaker 1: then spun it off and Peter Teal and Alone Mosque
• 1:05:20
  Speaker 1: and Read Hoffman and so many other big shots from
• 1:05:25
  Speaker 1: Silicon Valley coming out of that company.
• 1:05:27
  Speaker 2: It's just a fascinating story.
• 1:05:28
  Speaker 1: I should do a show sometimes just on PayPal, and
• 1:05:31
  Speaker 1: it's a evolution in history that would.
• 1:05:33
  Speaker 2: Be fun to do. All right, It's just a few one,
• 1:05:39
  Speaker 2: a quick.
• 1:05:43
  Speaker 1: Overview of a couple of achievements on the positive story
• 1:05:47
  Speaker 1: side of the show.
• 1:05:48
  Speaker 2: We like to end the show like the India One
• 1:05:51
  Speaker 2: book show, on a positive note.
• 1:05:53
  Speaker 1: So one is another corporate story, and this one is
• 1:05:57
  Speaker 1: from ASML, the Dutch company that basically makes the machines
• 1:06:06
  Speaker 1: that use extreme ultra violet and deep ultraviolet that are
• 1:06:12
  Speaker 1: responsible for actually making the microprocesses, you know, all that
• 1:06:19
  Speaker 1: very advanced microprocessors in the world.
• 1:06:23
  Speaker 2: They have.
• 1:06:23
  Speaker 1: These machines are what TSMC and Intel and Micron and
• 1:06:29
  Speaker 1: all these other companies buy in order to actually fabricate
• 1:06:34
  Speaker 1: a Samsung and all of these companies. They buy these
• 1:06:38
  Speaker 1: machines in order to fabricate microprocesses and because demand from
• 1:06:43
  Speaker 1: MICHAEL processes is going through the roof, through the roof,
• 1:06:48
  Speaker 1: SML just raised its four year twenty twenty six revenue
• 1:06:52
  Speaker 1: forecast from around thirty five to forty billion two forty
• 1:06:59
  Speaker 1: three to forty five billion, so by over ten percent,
• 1:07:05
  Speaker 1: which is big, and they attribute this to the unrelenting
• 1:07:11
  Speaker 1: surgeon AI chip demand. So the company gets company plans
• 1:07:18
  Speaker 1: to boost production.
• 1:07:19
  Speaker 2: Now, remember these are machines. Some of them cost one
• 1:07:22
  Speaker 2: hundred million dollars a machine.
• 1:07:27
  Speaker 1: So ASML is increasing capacity by thirty percent, he says
• 1:07:34
  Speaker 1: that nearly The CEO said that nearly all its expanded
• 1:07:38
  Speaker 1: EUV capacity that's extreme ultra violet capacity will be built
• 1:07:44
  Speaker 1: out by the end of twenty twenty seven and all
• 1:07:47
  Speaker 1: of it is fully booked, that is, all the machines
• 1:07:50
  Speaker 1: they can produce already sold. The orders for these machines
• 1:07:55
  Speaker 1: are coming in from TSMC, from Samsung, sk Heinex, Micron,
• 1:08:00
  Speaker 1: and from Intel as they build out new facilities to
• 1:08:05
  Speaker 1: build new microprocesses. A SML is benefiting enormously, so they
• 1:08:10
  Speaker 1: had to blow out quota and it's impressive.
• 1:08:14
  Speaker 2: You know, it's it's I think the largest company.
• 1:08:19
  Speaker 1: In the Netherlands. It might be the largest by market
• 1:08:25
  Speaker 1: cap company in Europe.
• 1:08:28
  Speaker 2: Might be the case.
• 1:08:30
  Speaker 1: By the way, it's funny because the technology, originally, the technology,
• 1:08:34
  Speaker 1: the extreme ultra Violet, came out of Intel, but Intel
• 1:08:38
  Speaker 1: didn't want to build the machines itself, so it basically
• 1:08:42
  Speaker 1: gave sold the technology to SML and they become the
• 1:08:45
  Speaker 1: company in the world that builds the only company in
• 1:08:48
  Speaker 1: the world that builds these machines. All right, Finally, there's
• 1:08:54
  Speaker 1: a big story in the Economist.
• 1:08:57
  Speaker 2: I think it's today. No, this is a few days ago,
• 1:09:01
  Speaker 2: a week ago.
• 1:09:02
  Speaker 1: About dementia, which I thought was really I mean, it's
• 1:09:07
  Speaker 1: an interesting story because what it finds is that the
• 1:09:13
  Speaker 1: prevalence of dementia is actually decreasing with every age. Court
• 1:09:23
  Speaker 1: that is, you know, if you, let's say, if you
• 1:09:30
  Speaker 1: were born between nineteen twenty five and ninety twenty nine,
• 1:09:36
  Speaker 1: you had a close to twenty percent chance of having Alzheimer's.
• 1:09:41
  Speaker 1: Sorry I'm looking at this wrong. I am looking at
• 1:09:45
  Speaker 1: this wrong. Anyway, The point is this today an eighty
• 1:09:54
  Speaker 1: five year old has a much much lower chance of
• 1:09:58
  Speaker 1: having Alzheimer's or any dementia than an eighty five year
• 1:10:02
  Speaker 1: old did twenty years ago, and a ninety five year
• 1:10:07
  Speaker 1: old today has a much lower chance of having dementia
• 1:10:12
  Speaker 1: than a ninety five year old did twenty years ago.
• 1:10:16
  Speaker 1: That is, over time, the prevalence of dementia among old
• 1:10:21
  Speaker 1: people has actually gone down a lot. So, for example,
• 1:10:35
  Speaker 1: those who entered old age, I guess in twenty thirteen
• 1:10:41
  Speaker 1: who were forty four percent less likely to have dementia
• 1:10:45
  Speaker 1: than those who entered the same age in nineteen seventy eight,
• 1:10:51
  Speaker 1: and now in twenty twenty six, significantly less than in
• 1:10:55
  Speaker 1: twenty thirteen. And nobody really knows why. Nobody really knows why.
• 1:11:04
  Speaker 1: You know, the single biggest risk fact of dementia is age.
• 1:11:08
  Speaker 1: As we get older, that probability of getting dementia increases dramatically.
• 1:11:14
  Speaker 1: So just four percent of people age seventy to seventy
• 1:11:17
  Speaker 1: five dementia, but nine percent of those seventy five to
• 1:11:21
  Speaker 1: seventy nine and eighteen percent of those eighty to eighty four,
• 1:11:27
  Speaker 1: and about twenty five percent of those above eighty five
• 1:11:31
  Speaker 1: have dementia. You guys are left to tell me, YEA
• 1:11:37
  Speaker 1: when you think I have it. I'm getting to these
• 1:11:40
  Speaker 1: age groups soon. It's kind of scary. So it's exponential.
• 1:11:46
  Speaker 2: But all those percentages is significantly lower today than they
• 1:11:50
  Speaker 2: were in the past. And again they don't know exactly why.
• 1:11:52
  Speaker 1: They assume it has to do with the fact that
• 1:11:56
  Speaker 1: today people are exercising.
• 1:12:00
  Speaker 2: In midlife much more.
• 1:12:03
  Speaker 1: Whether you get dementia or not is often determined in
• 1:12:06
  Speaker 1: your forties and fifties and sixties what you do. Then,
• 1:12:12
  Speaker 1: in spite of everything you hear, people are eating better.
• 1:12:16
  Speaker 1: At least more people are eating better than they used to,
• 1:12:21
  Speaker 1: so generally people are taking care of themselves more. They're
• 1:12:24
  Speaker 1: also you know, a lot of the drugs that might
• 1:12:29
  Speaker 1: be helping us with blood pressure and might be helping
• 1:12:31
  Speaker 1: us with lowing cholesterol, and now the gp ones might
• 1:12:38
  Speaker 1: also ultimately help in indirect ways with dementia.
• 1:12:43
  Speaker 2: Nobody knows exactly why.
• 1:12:46
  Speaker 1: But if this trend continues, it's really is fantastic news.
• 1:12:51
  Speaker 1: And if you answer that the fact that they are
• 1:12:53
  Speaker 1: now we talked about this yesterday. There's now growing number
• 1:12:56
  Speaker 1: of treatments and growing number of experimental drugs that are
• 1:13:00
  Speaker 1: in different phases of trials that might be cures or
• 1:13:06
  Speaker 1: at least deferrals of dementia even further into the future.
• 1:13:12
  Speaker 2: This is amazing news.
• 1:13:13
  Speaker 1: I mean, one of the things that scares me the
• 1:13:16
  Speaker 1: most about getting old is dementia, and if we can
• 1:13:24
  Speaker 1: take that off the table, it makes getting older a
• 1:13:28
  Speaker 1: lot different, a lot less scary, a lot less troubling. So,
• 1:13:37
  Speaker 1: you know, hopefully, hopefully the progress continues. Hopefully we figure
• 1:13:42
  Speaker 1: out the cause of relationship, that is, what is actually
• 1:13:45
  Speaker 1: causing it, so we can double up on it.
• 1:13:48
  Speaker 2: We can double up on it and really push it out.
• 1:13:54
  Speaker 1: All right, guys, that is the news for this Wednesday,
• 1:13:58
  Speaker 1: July fifteenth. Thank you to all the super chatters. Thank
• 1:14:03
  Speaker 1: you to all the people here listening. I really really
• 1:14:06
  Speaker 1: appreciate that. All Right, Tomorrow and Friday shows, we'll be
• 1:14:17
  Speaker 1: back to the regular time at three o'clock, I expect,
• 1:14:21
  Speaker 1: unless something happens Saturday, I'll have my they on a
• 1:14:25
  Speaker 1: Nicos show we were talking about Ronald Reagan. That'll be
• 1:14:28
  Speaker 1: at three pm Eastern time.
• 1:14:31
  Speaker 2: Sunday.
• 1:14:33
  Speaker 1: I'm still trying to decide if there's going to be
• 1:14:35
  Speaker 1: a show or not, because I actually have to prep
• 1:14:38
  Speaker 1: for my pedison courses, which are starting, you know, a
• 1:14:43
  Speaker 1: week from Friday, and I've got a lot of work
• 1:14:46
  Speaker 1: to do still on them, so we'll see, we'll see,
• 1:14:50
  Speaker 1: but Saturday for sure, Sunday not sure.
• 1:14:54
  Speaker 2: AM Whennesday again? Next AMA?
• 1:14:57
  Speaker 1: I think the AM has been delayed to what is
• 1:15:00
  Speaker 1: it the first of August or the first Saturday in August.
• 1:15:04
  Speaker 1: I think is going to be the AMA just because
• 1:15:06
  Speaker 1: I'm traveling and I'm doing this stuff for Peterson and
• 1:15:10
  Speaker 1: uh first AMA is yes, the first of August, first of.
• 1:15:14
  Speaker 2: August, all right.
• 1:15:19
  Speaker 1: I'll also remind you that the show is funded through
• 1:15:21
  Speaker 1: the support of people who listen to it, who view it,
• 1:15:25
  Speaker 1: who hopefully enjoy it, who gets something out of it,
• 1:15:28
  Speaker 1: and then pay for pay me back for for for
• 1:15:32
  Speaker 1: enjoying it. And you can do that by asking a
• 1:15:35
  Speaker 1: question through the super chat. You can do that by
• 1:15:39
  Speaker 1: doing a sticker, or you can do it on Patreon.
• 1:15:43
  Speaker 2: By becoming a monthly supporter of the IRN Book Show,
• 1:15:47
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• 1:15:51
  Speaker 2: your on book Show and become a monthly supporter.
• 1:15:54
  Speaker 1: You can also go to my website, you on bookshow
• 1:15:56
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• 1:15:59
  Speaker 1: find the put button there and it'll take you to
• 1:16:02
  Speaker 1: the different ways in which you.
• 1:16:03
  Speaker 2: Could support the show. That is the show support.
• 1:16:07
  Speaker 1: I remind you that the Ironman Institute is encouraging anybody
• 1:16:11
  Speaker 1: thirty five or under to apply for scholarship to the
• 1:16:13
  Speaker 1: Austin Conference Ironman Conference in Austin, which will be happening
• 1:16:18
  Speaker 1: September eleventh to thirteenth, so the leading objectivest and intellectuals
• 1:16:21
  Speaker 1: will be there. I think the program is going to
• 1:16:25
  Speaker 1: be super exciting again, particularly looking for people thirty five
• 1:16:29
  Speaker 1: and younger. They get a scholarship, which means you get
• 1:16:32
  Speaker 1: I think the tender conference are free and then plus
• 1:16:34
  Speaker 1: some travel expenses. So check it out dot oak slash ybs,
• 1:16:39
  Speaker 1: Ironman dot og slash ybs. If you're under thirty five,
• 1:16:42
  Speaker 1: apply what have you got to lose? Can always not go,
• 1:16:45
  Speaker 1: but at least apply and yeah, it's a great conference.
• 1:16:52
  Speaker 1: It's similar to the one we did in Porto in Portugal,
• 1:16:57
  Speaker 1: which was a lot of fun, just a blast. Alex
• 1:17:03
  Speaker 1: Epstein is the number one expert in the world one
• 1:17:07
  Speaker 1: all things electricity, data centers, huge data centers. Alex is
• 1:17:12
  Speaker 1: publishing a lot of material right now on data centers
• 1:17:15
  Speaker 1: and why the water stuff is a math, why energy
• 1:17:20
  Speaker 1: energy the problem is not the data centers, and the
• 1:17:23
  Speaker 1: value of the data centers represents for Americans. So check
• 1:17:28
  Speaker 1: out alex Epstein does substack dot com? All right, let
• 1:17:31
  Speaker 1: us jump in here, Jamie from Canada Part one? What
• 1:17:36
  Speaker 1: about Operation boot Ajax? CIA d classified documents on its
• 1:17:41
  Speaker 1: planning and executing muster ducks overthrowing twenty thirteen? Why do
• 1:17:45
  Speaker 1: some say the Soviet muster duck connection was fabricated intelligence
• 1:17:49
  Speaker 1: to justify.
• 1:17:50
  Speaker 2: Coup for oil?
• 1:17:51
  Speaker 1: I mean, you know, he says, I don't mean to
• 1:17:54
  Speaker 1: pick on the USA, very pro USA, but I spent
• 1:17:57
  Speaker 1: time using.
• 1:17:59
  Speaker 2: Alex Ai, which is usually really good.
• 1:18:01
  Speaker 1: It seems to paint a dark cloud over us on
• 1:18:03
  Speaker 1: nineteen fifty three trying to get all the facts. A
• 1:18:06
  Speaker 1: show on this would be great things. Look, so a
• 1:18:12
  Speaker 1: few things. One, alex Ai is only good on stuff
• 1:18:18
  Speaker 1: that alex is written on. Alex Ai for stuff like
• 1:18:23
  Speaker 1: this is going to just take what Claude would take.
• 1:18:26
  Speaker 1: It's mainly Claude, and that means it's going to take conventional,
• 1:18:29
  Speaker 1: the conventional story about what happened. But let me add
• 1:18:34
  Speaker 1: this to you. You say, justify a coup for oil,
• 1:18:41
  Speaker 1: but it why isn't a coup justify for oil. I mean, basically,
• 1:18:47
  Speaker 1: the Iranian government was stealing from American companies, in British companies,
• 1:18:53
  Speaker 1: and let's say that this is what happened. The Americans
• 1:18:56
  Speaker 1: in English said, no, you're not going to steal from us.
• 1:19:00
  Speaker 1: We're gonna protect our assets. We're going to protect our companies.
• 1:19:03
  Speaker 1: We're gonna protect their individual rights. They write the property.
• 1:19:06
  Speaker 1: We're gonna hold you to abiding by the contracts you
• 1:19:09
  Speaker 1: signed with them. And if you're not willing to abide
• 1:19:13
  Speaker 1: by the contracts, we're gonna replace you. Why would that
• 1:19:17
  Speaker 1: not be a good thing to do? Why would that
• 1:19:20
  Speaker 1: not be in America's national interest to do? I wish
• 1:19:24
  Speaker 1: America did more of that asserting. It's, you know, asserting
• 1:19:30
  Speaker 1: the rights of its citizens to the property that they
• 1:19:33
  Speaker 1: own that is being confiscated by you know, bad countries.
• 1:19:42
  Speaker 1: The mussadak Ussr connection is not fabricated. There's plenty of
• 1:19:47
  Speaker 1: evidence and all you have to do is listen to
• 1:19:48
  Speaker 1: his speeches to see how much of a socialist he
• 1:19:51
  Speaker 1: was and how aligned he was with the Soviet Union.
• 1:19:54
  Speaker 2: She don't have to fabricate that.
• 1:20:01
  Speaker 1: And again, what all these stories don't tell you is
• 1:20:06
  Speaker 1: that Mussadak was appointed by the Shaw, and at the
• 1:20:10
  Speaker 1: end of the day it was the Shaw who got
• 1:20:13
  Speaker 1: rid of him, which is within the constitutional right at
• 1:20:18
  Speaker 1: the time of the Shaw.
• 1:20:21
  Speaker 2: So I think the.
• 1:20:23
  Speaker 1: Whole Musadakh is filled with anti American propaganda. The story
• 1:20:29
  Speaker 1: is told from an anti American perspective. AI is trained
• 1:20:34
  Speaker 1: on the conventional story and it spits it back to you.
• 1:20:39
  Speaker 2: But beyond that, why is it wrong to do a coup.
• 1:20:44
  Speaker 1: When somebody's stealing your stuff? I don't think it is.
• 1:20:48
  Speaker 1: Imagine if the United States has stood up to Iran
• 1:20:50
  Speaker 1: then and then later, Imagine if the US has stood
• 1:20:54
  Speaker 1: up to Saudi Arabia.
• 1:20:56
  Speaker 2: Imagine if Britain and France.
• 1:21:00
  Speaker 1: When they stood up to Egypt when Egypt confiscated stole
• 1:21:03
  Speaker 1: the Swiss Canal from them. If America had allowed them
• 1:21:07
  Speaker 1: to stand up to Egypt, I mean, the world would
• 1:21:10
  Speaker 1: be a different place. The Middle East would be a
• 1:21:12
  Speaker 1: different place, a much better place, a place that respect
• 1:21:16
  Speaker 1: that the property rights of Western companies at the very least,
• 1:21:20
  Speaker 1: and that would be a big plus. I mean, one
• 1:21:26
  Speaker 1: of the biggest mistakes of America made from posse Wis
• 1:21:29
  Speaker 1: was not supporting the English and the French when they
• 1:21:33
  Speaker 1: try to take the Swiss Canal in nineteen fifty six
• 1:21:37
  Speaker 1: and instead back in the Egyptians demand that the Egyptians
• 1:21:40
  Speaker 1: and the French leave, the British and the French leave,
• 1:21:44
  Speaker 1: and that the Egyptian take over the canal.
• 1:21:48
  Speaker 2: In the name of nationalism. But the canal was built.
• 1:21:51
  Speaker 1: By the French and the British private companies. They owned it,
• 1:21:54
  Speaker 1: it wasn't owned by the Egyptian. So I have a
• 1:22:00
  Speaker 1: completely different perspective of international affairs than the conventional wisdom.
• 1:22:10
  Speaker 1: Andrew Rocan is another dangerous politician to watch. Absolutely raily intelligent,
• 1:22:17
  Speaker 1: good auta with an ara rationality, an idealist infused by
• 1:22:22
  Speaker 1: a toxic mix of techno egalitarian altruistic principles.
• 1:22:25
  Speaker 2: Yeah, although he's becoming worse, much worse, because.
• 1:22:29
  Speaker 1: He senses what's going on, and so he's going more
• 1:22:34
  Speaker 1: to the left.
• 1:22:36
  Speaker 2: I remember he.
• 1:22:37
  Speaker 1: Is a Silicon Valley representative, so he comes from Silicon Valley.
• 1:22:43
  Speaker 1: So he's always been more of a centrist, but lately
• 1:22:47
  Speaker 1: seeing the rise of kind of more socialist policies.
• 1:22:52
  Speaker 2: You know, he used to be poor Israel.
• 1:22:54
  Speaker 1: Now he's viciously anti Israel because he senses what is
• 1:22:57
  Speaker 1: going on. He senses what is going on, so yes,
• 1:23:05
  Speaker 1: definitely has to be watched. He is as ambitions he
• 1:23:09
  Speaker 1: might run for president. Michael, have you watched the Hunter
• 1:23:14
  Speaker 1: Biden Nick Foyntess interview? Why would a son of a
• 1:23:16
  Speaker 1: former president interact with this lunatic fascist?
• 1:23:20
  Speaker 2: And Nazis are making a strong comeback. I mean no,
• 1:23:24
  Speaker 2: I haven't watched it and have no intention of watching it.
• 1:23:27
  Speaker 1: I mean I could, I could, I could flip the
• 1:23:30
  Speaker 1: question to you, Michael, why would you Ron Brooke watch
• 1:23:35
  Speaker 1: a a loser, former president's son interacting with a you know,
• 1:23:45
  Speaker 1: neo Nazi lunatic.
• 1:23:46
  Speaker 2: I have no interest in that.
• 1:23:48
  Speaker 1: Hunter Biden is a nobody and the nothing. He is
• 1:23:52
  Speaker 1: a zero, he always has been. The only reason anybody
• 1:23:57
  Speaker 1: interacts with Hunter Biden is because of his last name.
• 1:24:01
  Speaker 1: He's done nothing with his life, mainly he's destroyed it
• 1:24:06
  Speaker 1: and he's a horrible human being and comes from a
• 1:24:10
  Speaker 1: despicable family. But he himself is the worst of the
• 1:24:14
  Speaker 1: bunch and he has nothing to add to any conversation.
• 1:24:19
  Speaker 1: He knows nothing, he is not knowledgeable about anything.
• 1:24:22
  Speaker 2: He is not.
• 1:24:24
  Speaker 1: It doesn't present any value whatsoever. And Nick frantis of
• 1:24:29
  Speaker 1: course is an ugly horrible I mean smart, given that
• 1:24:34
  Speaker 1: Hunter is not smart, but Nick Pointis is smart.
• 1:24:38
  Speaker 2: But evil. He holds evil ideas and he plays with people.
• 1:24:45
  Speaker 1: And he manipulates people. And I have no interest in
• 1:24:48
  Speaker 1: watching either one of them. Why would Hunter Biden go
• 1:24:53
  Speaker 1: on Nick Foyenttis for the attention? Why does anybody go
• 1:24:56
  Speaker 1: on Nick foy Inis? Why does anybody interview Nickfointis for
• 1:24:59
  Speaker 1: the attention? And remember he's a real loser, Hunter Biden
• 1:25:06
  Speaker 1: a real loser, and he wants attention. So the crazy extremes, Yeah,
• 1:25:15
  Speaker 1: they're getting a lot of attention these days. Thank you,
• 1:25:20
  Speaker 1: Michael Jacob, thank you for the sticker. Bonnie, thank you
• 1:25:24
  Speaker 1: for the sticker. Let's see, Joe, thank you for the sticker.
• 1:25:28
  Speaker 3: Eric, Alan Cook, Stephen Harper, Jackson, Mary Ellen, and Joseph.
• 1:25:40
  Speaker 2: Thank you to all of you for your stickers. All right,
• 1:25:46
  Speaker 2: let's see we got some. I got some, so we
• 1:25:49
  Speaker 2: said questions.
• 1:25:50
  Speaker 1: Really early from time, so I'm going to go through
• 1:25:54
  Speaker 1: them first, and then I got a bunch of these
• 1:25:57
  Speaker 1: two five dollars all right, time, says thoughts on Professor Jiang.
• 1:26:03
  Speaker 1: I think this is the guy, this is the Chinese
• 1:26:06
  Speaker 1: A Professor who's going around with conspiracy theories about them
• 1:26:10
  Speaker 1: at least, and about America and about all.
• 1:26:12
  Speaker 2: I mean, the guy's a.
• 1:26:15
  Speaker 1: Psychope from the Chinese government, is my guess, or he's
• 1:26:18
  Speaker 1: completely nuts. In either case, yeah, I mean, I think
• 1:26:25
  Speaker 1: he's huggable and disgusting and evil and bad and stay
• 1:26:28
  Speaker 1: away from him. But you know, and it's too bad
• 1:26:32
  Speaker 1: that so many are consuming his content, if that's who
• 1:26:36
  Speaker 1: you mean.
• 1:26:37
  Speaker 2: Second question for them is America.
• 1:26:40
  Speaker 1: If America becomes a dictatorship, do you think other Western
• 1:26:42
  Speaker 1: democracies would have collapsed?
• 1:26:44
  Speaker 2: First?
• 1:26:45
  Speaker 1: Yeah, it's hard to tell what the sequence of events
• 1:26:47
  Speaker 1: is going to be. Certainly it's not good for the West,
• 1:26:52
  Speaker 1: but America might be first, it might not be last.
• 1:26:55
  Speaker 1: But I don't know what the sequence is going to be.
• 1:26:57
  Speaker 1: It's how to tell at this point. It's how to
• 1:26:59
  Speaker 1: see what the path to dictatorship is.
• 1:27:01
  Speaker 2: And it's going to be a while. It's not imminent.
• 1:27:07
  Speaker 2: I'm gen z, so I haven't.
• 1:27:09
  Speaker 1: Been around as long as you, true, but I haven't
• 1:27:12
  Speaker 1: seen a World Cup this good since South Africa twenty ten.
• 1:27:16
  Speaker 2: I mean, this is a really good World Cup. I
• 1:27:18
  Speaker 2: really enjoyed it.
• 1:27:19
  Speaker 1: I don't have the memory to be able to tell
• 1:27:21
  Speaker 1: you which ones were the best. All I can tell
• 1:27:24
  Speaker 1: you is this was fun. This was really fun, and
• 1:27:28
  Speaker 1: I can't remember. Twenty ten was probably good, but I
• 1:27:31
  Speaker 1: can't remember. Tmolso says this World Cup showed founders how
• 1:27:35
  Speaker 1: great USA is.
• 1:27:37
  Speaker 2: Yes, I mean there are a.
• 1:27:37
  Speaker 1: Lot of stories about fauners who spent some time in
• 1:27:40
  Speaker 1: the US to come to the matches have really enjoyed
• 1:27:43
  Speaker 1: themselves in a kind of surprise that how nice America
• 1:27:45
  Speaker 1: is and how rich we are. Yeah, particularly Europeans, but
• 1:27:50
  Speaker 1: also South Americans. Anyway, Yeah, good, good, good World Cup?
• 1:27:56
  Speaker 2: All right.
• 1:27:56
  Speaker 1: TM Samore, similar to Knowles, Charlie Cook said transgenderism was
• 1:28:02
  Speaker 1: a trojan horse for cyborgs, showing sympathy for the New Right.
• 1:28:07
  Speaker 2: I think that's right. So, I mean, think about it, that.
• 1:28:15
  Speaker 1: The idea that I could be something different than what
• 1:28:19
  Speaker 1: I was born not, you know, put aside the kind
• 1:28:25
  Speaker 1: of surgical mutilation that today trans people have to go through.
• 1:28:30
  Speaker 1: But imagine a world in which you could tinkle with it,
• 1:28:33
  Speaker 1: you and ail a little bit, or you could you
• 1:28:37
  Speaker 1: could you know again, chips and other stuff, and you
• 1:28:40
  Speaker 1: could change something very core to your biological identity and
• 1:28:46
  Speaker 1: be somebody different, right, I think that scares them, But
• 1:28:54
  Speaker 1: Jesus of them, it really scares them. And transgenderism is
• 1:29:02
  Speaker 1: a stand in for that. It's why they obsess about
• 1:29:04
  Speaker 1: it so much. It's such a small issue. It's such
• 1:29:07
  Speaker 1: a really small issue when you think about it. They're
• 1:29:09
  Speaker 1: not that many transgender people. Most people have never met
• 1:29:12
  Speaker 1: a transgender They don't encounter it. It became kind of
• 1:29:16
  Speaker 1: a big deal on the left, kind of a panicky
• 1:29:19
  Speaker 1: thing on the left.
• 1:29:20
  Speaker 2: They made it into.
• 1:29:21
  Speaker 1: This total ideology, which caused them all panic on the right.
• 1:29:25
  Speaker 2: But okay, it's kind of gone.
• 1:29:27
  Speaker 1: You know, transgenderism had its peak bout way woke to
• 1:29:31
  Speaker 1: and then it's come down significantly. There's a lot less
• 1:29:33
  Speaker 1: pressure I think on kids, and there's a lot less
• 1:29:36
  Speaker 1: discussion and debate about it.
• 1:29:38
  Speaker 2: And yet the rights mal panic.
• 1:29:40
  Speaker 1: About it is still there because I think of what
• 1:29:42
  Speaker 1: it represents for them. Tim James Fishback may lose the primary,
• 1:29:50
  Speaker 1: but is there a future for him and politicians like him?
• 1:29:53
  Speaker 1: And then you write yeah, absolutely. I mean, young Republicans
• 1:29:57
  Speaker 1: love James Fishback. They he gets big audiences. He's not
• 1:30:01
  Speaker 1: going to win the primary, but he has attracted a
• 1:30:04
  Speaker 1: lot of attention, and that attention is only going to grow,
• 1:30:06
  Speaker 1: and it's it's attention with the with really the most
• 1:30:09
  Speaker 1: valuable people long term, and that is the young. He
• 1:30:13
  Speaker 1: loves the young, love him.
• 1:30:20
  Speaker 2: Tim I really wanted England to win after sixty years.
• 1:30:23
  Speaker 2: That would have been cool.
• 1:30:24
  Speaker 1: But it would be also cool for Argentina, Messi's Argentina
• 1:30:28
  Speaker 1: to win back to back World Cups and for Messi
• 1:30:32
  Speaker 1: to retire with that as his legacy as part of
• 1:30:36
  Speaker 1: his legacy, not his legacy, but part of his legacy.
• 1:30:38
  Speaker 2: That would be cool as well.
• 1:30:40
  Speaker 1: Neil Holy moly, Iran, what a game. Let's go Argentina, absolutely, uh.
• 1:30:48
  Speaker 2: Mion, mion mion.
• 1:30:51
  Speaker 1: Hong Kong and Singapore have always been quite authoritarian in
• 1:30:54
  Speaker 1: terms of political freedom or even parts of the economy.
• 1:30:57
  Speaker 1: What types of freedom actually matter if economic success of
• 1:31:00
  Speaker 1: these places, So that is not true of Hong Kong.
• 1:31:04
  Speaker 1: So all Hong Kong did not have democracy in the
• 1:31:06
  Speaker 1: sense of voting. It was very, very free in a
• 1:31:11
  Speaker 1: sense of civil rights. There were no limitations of speech,
• 1:31:16
  Speaker 1: no limitations on what you published in the newspapers, no
• 1:31:19
  Speaker 1: limitations on peaceful demonstrations. It was for all intensive purposes
• 1:31:27
  Speaker 1: a free country. You just couldn't vote. You just couldn't vote.
• 1:31:35
  Speaker 1: And the only big part of their economy that was
• 1:31:43
  Speaker 1: under government control was real estate. That is, most of
• 1:31:47
  Speaker 1: the real estate in Hong Kong was owned by the government,
• 1:31:51
  Speaker 1: and that's the reason why prices went up so high
• 1:31:55
  Speaker 1: in Hong Kong in terms of real estate prices. But
• 1:31:57
  Speaker 1: other than that, they left economy free. On the economic
• 1:32:02
  Speaker 1: freedom indexes, where people take all kinds of different things
• 1:32:07
  Speaker 1: into account, all kinds of economic parameters into account, Hong
• 1:32:12
  Speaker 1: Kong was number one for many years because it was
• 1:32:16
  Speaker 1: the most free economically in the world, even though it
• 1:32:19
  Speaker 1: controlled the real estate. And that's true of Singapore. Singapore
• 1:32:22
  Speaker 1: is more authoritarian in a sense that there's less free speech.
• 1:32:26
  Speaker 1: It's much more difficult to criticize the government, and they
• 1:32:31
  Speaker 1: no demonstrations and stuff like that in Singapore. So the
• 1:32:36
  Speaker 1: government there is more theoterian and in terms of certain laws,
• 1:32:39
  Speaker 1: they're very very strict and disproportionately show in terms of punishments.
• 1:32:47
  Speaker 1: But economically, again, other than real estate, other than housing
• 1:32:52
  Speaker 1: which is almost all owned by the government, every other
• 1:32:56
  Speaker 1: aspect of the economy is free. And against Singapore, in
• 1:32:59
  Speaker 1: spite of controlling the housing market is ranked number one
• 1:33:03
  Speaker 1: of in economic freedom in the world today. So all
• 1:33:08
  Speaker 1: those other things matter, I'd say the most important thing
• 1:33:12
  Speaker 1: is you know that you can keep private property as
• 1:33:19
  Speaker 1: would relates to business.
• 1:33:22
  Speaker 2: And God, where did my thought? Oh?
• 1:33:28
  Speaker 1: Yeah, these sanctity of contracts which no longer exists in
• 1:33:33
  Speaker 1: Hong Kong, The sanctity of contracts, private property, the ability
• 1:33:39
  Speaker 1: to make money without really limitations, the ability to lose
• 1:33:43
  Speaker 1: money without really limitations. No bailouts, no central planning, no
• 1:33:49
  Speaker 1: five year plans, no central control banking that you know
• 1:33:56
  Speaker 1: they both have central banks, but well, Hong Kong doesn't
• 1:34:00
  Speaker 1: really have a central bank. Hong Kong basically is on
• 1:34:03
  Speaker 1: the American dollar. It has what's called the currency board.
• 1:34:07
  Speaker 1: It adjusts its local currency to the dollars. It's completely
• 1:34:11
  Speaker 1: pagged and it's a basically Hong Kong is on the
• 1:34:15
  Speaker 1: US dollar. And I'm not sure what the Singapore regime is,
• 1:34:19
  Speaker 1: but they've had responsible central banking if they've had it.
• 1:34:22
  Speaker 2: But I'd say so, no inflation, no.
• 1:34:27
  Speaker 1: Bailouts, no subsidies, and respect for private property with exception
• 1:34:33
  Speaker 1: of I guess homes in this case, and the validity
• 1:34:37
  Speaker 1: of contracts and the ability to make money and lose
• 1:34:40
  Speaker 1: money freely.
• 1:34:43
  Speaker 2: Those I think are the crucial ones. Michael, is objective.
• 1:34:48
  Speaker 1: Isn't being taught or at least acknowledged in most universities
• 1:34:53
  Speaker 1: in the US today?
• 1:34:53
  Speaker 2: No, not even clothes Michael.
• 1:34:58
  Speaker 1: Why haven't there been an any philosophers from Africa South America?
• 1:35:04
  Speaker 1: I mean they have been, they're just not particularly South America,
• 1:35:07
  Speaker 1: but they just haven't been super famous.
• 1:35:10
  Speaker 2: But they have been.
• 1:35:12
  Speaker 1: But I think the main reason is that they're just
• 1:35:17
  Speaker 1: backwards civilization wise, that is, it took a while for
• 1:35:21
  Speaker 1: them to you know, philosophy, you need a certain level
• 1:35:26
  Speaker 1: of wealth and society for people to be able to
• 1:35:28
  Speaker 1: afford to be philosophers. And so you need a and
• 1:35:32
  Speaker 1: you need a certain level of civilization, writers and engaged
• 1:35:37
  Speaker 1: in intellectual activity, top notch universities. And you know, Africa
• 1:35:43
  Speaker 1: hasn't joined that club yet really, and Latin America came
• 1:35:47
  Speaker 1: late to it. And I think Latin Americans would probably
• 1:35:52
  Speaker 1: really challenge you on.
• 1:35:53
  Speaker 2: The on the issue of philosophers, Michael.
• 1:36:01
  Speaker 1: Why is altruism treated as unquestionable religion?
• 1:36:07
  Speaker 2: As an unquestionable religion?
• 1:36:10
  Speaker 1: I think because the way it's taught is that there's
• 1:36:12
  Speaker 1: no option that it is it that the only alternative
• 1:36:16
  Speaker 1: to it is to be a lie, cheating, stealing, selfish bastard.
• 1:36:21
  Speaker 1: Those are the two options in life, and therefore you
• 1:36:24
  Speaker 1: can't question it because there's no alternative, there's no possible
• 1:36:27
  Speaker 1: there's no conceivable alternative.
• 1:36:31
  Speaker 2: And it's linked to religion, to real religion.
• 1:36:35
  Speaker 1: Michael, are you surprised by the lack of objective superstars?
• 1:36:39
  Speaker 1: All we have abliic soholes and Alex Epstein. Well, I'll
• 1:36:42
  Speaker 1: take that as a personal insult that I'm not on
• 1:36:44
  Speaker 1: that list. But John Allison was a superstar, and there
• 1:36:52
  Speaker 1: have been others that I consider superstars. I mean, objectives
• 1:36:56
  Speaker 1: have superstars in the world of finance. You just maybe
• 1:37:00
  Speaker 1: we don't know their names, but the superstars in the
• 1:37:01
  Speaker 1: world of finance, but you know, yeah, and Uncle Gota
• 1:37:07
  Speaker 1: is a superstar, and philosophy suddenly Lennon Peacock was, and Terror.
• 1:37:11
  Speaker 2: Smith and there are other superstars in the world of philosophy.
• 1:37:15
  Speaker 1: So you know, I don't know what you mean by superstar,
• 1:37:17
  Speaker 1: but yeah, I mean I wish they were more, But
• 1:37:21
  Speaker 1: I'm not surprised. I know how difficult it is to
• 1:37:25
  Speaker 1: be a superstar, and to become a superstar, and to
• 1:37:29
  Speaker 1: help educate a superstar really really hard, So it doesn't
• 1:37:32
  Speaker 1: surprise me too much.
• 1:37:33
  Speaker 2: There was still early in the game. Jamie from Canada,
• 1:37:39
  Speaker 2: thank you for answering.
• 1:37:39
  Speaker 1: The nineteen fifty three Iran paints a different picture for
• 1:37:42
  Speaker 1: me for sure. Happy to have some ammunition to push
• 1:37:46
  Speaker 1: back on the anti American crowd and looking forward to
• 1:37:49
  Speaker 1: a show with Nikos on it if that happens, great,
• 1:37:53
  Speaker 1: Thanks Jamie, Thanks for the support. Cook, in response to
• 1:37:58
  Speaker 1: a comment about Operation Ajax whop in Iran earlier, I
• 1:38:02
  Speaker 1: made a video essay on this topic back in twenty
• 1:38:05
  Speaker 1: twenty two, Jamie, are you listening, So.
• 1:38:08
  Speaker 2: Check out Cooke's video.
• 1:38:10
  Speaker 1: It's called Operation Ajax, Iran's Game of Thrones, or just
• 1:38:16
  Speaker 1: search my name on YouTube. Hope Uron does not mind, No,
• 1:38:20
  Speaker 1: don't mind at all, So check it out. Cook did
• 1:38:22
  Speaker 1: a video of this. I haven'ts watched it, so I
• 1:38:25
  Speaker 1: don't know if I agree with coconat, but just give
• 1:38:28
  Speaker 1: you another perspective on this called Operation Ajax, Iwon's Game
• 1:38:32
  Speaker 1: of Thrones, Ewan's Game of Thrones.
• 1:38:34
  Speaker 2: That's a great title, Jimmy says. Oops. Thank you.
• 1:38:40
  Speaker 1: Jeremy Michael are am American people today becoming more committed altruists.
• 1:38:50
  Speaker 1: I don't think so. I think they're becoming more tribalists,
• 1:39:00
  Speaker 1: but I don't know have they're becoming more altruists In
• 1:39:03
  Speaker 1: some ways, they're becoming more cynical, but all of morality.
• 1:39:11
  Speaker 1: Michael I heard Mel Gibson interviewed the guy seems like
• 1:39:14
  Speaker 1: a complete nut, yet has made hundreds of millions of dollars.
• 1:39:17
  Speaker 2: How does that happen?
• 1:39:18
  Speaker 1: He's he's been a good actor, and he's acted in some.
• 1:39:22
  Speaker 2: Huge what do you call it? Blockbusters?
• 1:39:29
  Speaker 1: So uh, and and he's done he's done good with those,
• 1:39:32
  Speaker 1: you know, brave.
• 1:39:33
  Speaker 2: Heart and and uh, what do you call?
• 1:39:36
  Speaker 3: Uh?
• 1:39:37
  Speaker 2: The ones where he's a he's a cop. I forget
• 1:39:40
  Speaker 2: the ones where he's a cop. He's you know, you
• 1:39:42
  Speaker 2: don't have to be you don't have to be sane
• 1:39:44
  Speaker 2: to be a good actor. I guess he's a religious knot.
• 1:39:47
  Speaker 2: He's always been a religious knot.
• 1:39:49
  Speaker 1: But he's good in the movies, and he's good figuring
• 1:39:54
  Speaker 1: out what a blockbuster is going to be and making
• 1:39:56
  Speaker 1: them more starving in them. I don't think the nihilism
• 1:40:01
  Speaker 1: is just a vocal minority of Internet culture. I think
• 1:40:04
  Speaker 1: the irrationality and hate runs deep. There's a lot of
• 1:40:07
  Speaker 1: irrationality out there, no question, But I don't think it.
• 1:40:12
  Speaker 1: I don't think most people are nihilistic, even the irrational ones.
• 1:40:16
  Speaker 1: I think they stop themselves, they know there's something so wrong,
• 1:40:21
  Speaker 1: and they stay with them. Letho weapon, leth a weapon.
• 1:40:24
  Speaker 1: He was good in leath a weapon. Shasbaud says, this
• 1:40:29
  Speaker 1: is for your story about how you mixed up your
• 1:40:31
  Speaker 1: California garbage bins on purpose?
• 1:40:34
  Speaker 2: Maybe laugh out loud, thank you, Shasboud. Yes, I did
• 1:40:38
  Speaker 2: it on purpose because I hate those bastards.
• 1:40:41
  Speaker 1: Mary Eleen, go Argentina, go Messy? Yes, all with Argentina,
• 1:40:46
  Speaker 1: All right, Raphael. According to objectives principles, if you love football,
• 1:40:51
  Speaker 1: isn't it always irrational not to like Messy?
• 1:40:55
  Speaker 2: I can't think of a rational argument against him.
• 1:40:58
  Speaker 1: Well, I mean, you'll have to ask objectivist who doesn't
• 1:41:01
  Speaker 1: like Messy and see if he comes up with a
• 1:41:03
  Speaker 1: rational argument.
• 1:41:06
  Speaker 2: I think that if you're rational, you have to.
• 1:41:09
  Speaker 1: Appreciate greatness when you see it, even if it's not
• 1:41:12
  Speaker 1: a team you don't happen alike, or for a country
• 1:41:14
  Speaker 1: you don't have to happen to like. But yeah, you
• 1:41:17
  Speaker 1: got to appreciate just how good he really is, particularly
• 1:41:21
  Speaker 1: when you see him in the World Cup with all
• 1:41:23
  Speaker 1: the best players in the world are playing, and he
• 1:41:25
  Speaker 1: really does stand out. He really does, even at the
• 1:41:28
  Speaker 1: age of thirty nine, he stands out. And he's not
• 1:41:30
  Speaker 1: peak messy. He's not peak messy at all.
• 1:41:38
  Speaker 2: All right, guys, thank you to all the supersheddos, thank
• 1:41:40
  Speaker 2: you to all the stickers, thank you to all the
• 1:41:42
  Speaker 2: monthly supporters. I really, really really appreciate it.
• 1:41:45
  Speaker 1: I will see you guys tomorrow at three pm East
• 1:41:47
  Speaker 1: Coast time. Have a great rest of your day, evening
• 1:41:51
  Speaker 1: and nights, and have a great tomorrow.
• 1:41:55
  Speaker 2: See you three pm tomorrow. Bye.